1912/01/02 Council Minutes - Laserfiche WebLink

CITY OF EVERETT JAN-21912 885 dr.ts amid s.ers and on Me ei.Pre.a.• WATSR RADS IR 011.1 Orli., The Dallis rate.Spokane is SO cents. Sere it is 71.00, an inmease of 257. In Spohane a seven room novae with be and closets pays 71.50;here the Merge is 71.90,..creme of about 267. The Seattle rate is 200 10825 an 4o1e78'e. 81 5213.1.12125 the basis rate is 1532832. fore it is 71.00.an Increase of 39-1/97. In Tacoma a haven room house isith bath and close.pa./$1.95. Hero It Is 71.90,an increase of Mout 917. OUR L.S A 01241 Aside from the great loss to our people Indicated by these hisa •ratee charged.M.for water,Mere la a loes to Me City of Me earpla revenues that well.accrue even wailer the Spa..ratee. I..debtail to Ron.C.Y.Vaussett,Cossiseioner of Pulallo for much velum.information regarding the.system,a.he takes occasion to say.the Omaha of our co, 0 weeps...that Everett hall roMe no Mistake owning her owe water syst.s• 374 Mier te eat.ate Ma lose to 0113 9616 08 012 basis of 2308 1212 rates 1.0 00 look at the results of their system for 1910. Imo.11 figs..have not yet be.published. D3 mki.oar estimate we keep in Me facto Mat Spo- hanes population ls tour thriee that of a.01.and Met emery dr.of Der wea.ie P.M.end Me at- 0 Pease of operation and maintenanoo necessarily somewhat higher th.that or our system. Th0 1910 grope 0 ray.ue for water rates S.kane was.09,000. All operating end le.nten.oe expense veal 7120.000. 0 TM interest chargeo*130,000. TOtal expense exciusive of 2212081.6 7250.000. Me ret rave..w. 70.9,00.3. .4.3.g that in proportion to else Sverett uses.mucis Water Spoh.e,our revia.s at 11 ° 15e.rates 25002102 over 1100,0004 25521128 .80801en 33308023/38040271 25040/054 20920/2/01 2/80/2 2022. mai.a total calmatel exp.dlture of 750,000 and Raving an estimated net revenue of$440,000. This 0 ie the Miss Approximate loss at Spokan.a.s rates,exclusive of Mat direct lose 20.80011122 10 Me 0101- i 2eSe bee8802 00 18210 Pease00 of is.3322809 8188 local rat.. Ma.014 OUR WM.11001101400324 7440,000,is the Interest at five per mat.on 8800,000, .o.that repreemte what may be called the presm3t value of t.water tranchise whin belongs to us Ma I0 10 now in the hands 01 10013812 corporation ami for Masa 00103 800 22018 80 return. In other woras,a 1 Pr...Irma;*200,000,8188 a product.,8..1.of 721,000 net mmuel rename,the liVest 812.1 of an 111,.741/ ass.known to the busibess 00 mol now dead to us. It aPPears Mat bY p.eam.g Me Pree.t wear pi.t at its re.value,we will not only add Mat value to...seta of the City,hut with It also. .com,producing franchise worth in our hands 7800,000. 80128.3.MO.TO..0.4 Hut this la.timat.g the value of Me water fr.clase 0 on the 13.143 of the Spoicane rates• To the Stone-Webster people Mat franchise...aid be worth more beeauee their rates are ailly hiMer. Operating and maInten.ce expenses rem10 p0a61010113 10013810e0.1 Grove 08000388 srould be 055001,1020 and tile net 0288,080 50210 lie relative..2.1 nigher. 202000002 11 within the mark to say Mat our water franchise the.ads of the Stone-We.ter Comp.y worth 0 me.3.1ion.1.s. I have 28100008008 about the paper and light 2322101610128 of a geaVIty-water 01200 van se is contemplated ultimate.. This may reasonably be expeot80 to 081002 012 value 10 32 of the franchise. 8.112-30.07 A is ser water system. So geat 0 .=la is generally.o.Mat Me backlone of SeattleS credit 0 ana potential value for weber and power a.light,.6 for / :avenue purposes,that it Is said of her'She can float any reason.le.derb.Ing in Me fin.c3.worlds.0 TIM S.M.71402081210. Sow long wou.a hue.ese man deley Me leveloPment oi. isauetrial plant If Me market fru its product w..s.ed and Me cost of Installing it was but a 1151.0 af its productive value aft80 installed, got long. 100 60 mat eee that M.12 clty clo80 not wait 0 •