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upr000270 119

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upr000270-119
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    Estimated Results of Operation of Las Vegas Land and Water Company With Added Water Supply from Basic Magnesium In the Greeley and Hansen Report of October, 1949, to the Las Vegas Valley Water District it is suggested that the water sup­ply to Las Vegas and vicinity could be augmented by - 1 - Purchasing water from Basic Magnesium, Inc, at Henderson, and 2 - Purchasing water directly from Lake Mead through an extensive pipe line system. The first method is viewed as a temporary expedient that could be a means of ’’quickly increasing the supply of water - (page 6 8 ). The maximum water that may thus be available is given as 8 million gallons per day. Plan Ho. 1 - Water from Basic Magnesium In order to obtain the water, a transmission line of 20” and 42” pipe approximately 72,900 feet in length is estimated as required, along with certain storage and pumping equipment (Table 2 0 The estimated capital expenditure, which has been used in this report and taken from Tables 11, 15 and 20, is in the amount of $5,122,000. Similarly the annual operating expense in part has likewise been used. Since the report is for a water district and not a privately operated company, no taxes are included in the Greeley and Hansen Report, and amortization of the proposed bonded indebtedness is provided. Interest in the report is assumed at the level of 5% for bonds. Because of this and other conditions, different operating (1) References are to page numbers and/or table numbers in the Greeley and Hansen Report.