The Daily Alaska empire., 1946-03-02
PEAK FIGURES IN AppRAISAL OF UTILITIES
Water Company Submits Proposal to Voters
 Council Lays on Table

Appraisal reports by Black anc Veatch on the properties of three local utility firms-Alaska Electric Light and Power Company, Juneat Water Company and Nelson Water Company-were read at last eve ning's first regular March meeting of the Juneau Common Council; but the only discussion provoked was concerning the payment of the final bill that accompanied the handsomely-bound reports from the Kansas City Engineering firm.
 Here are the valuations placed by Black and Veatch on the three util- ities. Explanatory letters from principal engineer of the firm, E. B Black, pointed out that the valua- tions were made, as directed as o1 October, l945-a period of peak costs
 Appraisal Figures
 Alaska Electric Light and Power Co.-Reproduction cost, new, $l ,087,- 474; reproduction cost, new less de- preciation to October, 1945, $808, ,445
 Juneau Water Company-Repro duction cost, new, $327,082; repro ruotion cost less depreciation, $227,- 896 Both figures include facilities serving the Waynor addition, now known as the Highlands, outside the City limits.
 Nelson Water Company-Repro- duction cost, new, $34,958; repro duction cost less depreciation, ST. 402.
 Valuations reported last night re- garding the light company ano Juneau Water Company are essen- tially the same as those revealed in the Empire edition of Thursday February 28. In the Thursday Elm pire report, valuations were adjust ed to round figures. Explanatory comments by MT. Black accompany ing each of the reports, together with itemized summaries of the valuations put upon the holdings of the companies, will be reported in subsequent editions of the Elm pire)
 Erroneous Inference
 Though no action was taken las night regarding the appraisal re ports, Mayor Ernest Parsons dit declare erroneous" inference tha the present City administration ha abandoned it's campaign to purchas the public utilities for the City Negotiations with the AEL&P have he said, merely been deferred til after conclusion of the current ratt hearings.
 Proposed purchase of the Juneal Water Company was brought to tht fore by company director Johr Reck and Attorney H. L. Faulkner who were present to submit for thu Councils approval a proposed or dinance for submission to the vot CTS at the coming regular municipa election, April 2.
 Buy or RetranchtSe
 The proposed ordinance woult submit to the electors the question as to whether or not the City O. Juneau shall purchase the Juneal Water Company's system or, in tn, alternative. confer upon the com pany a 20-year franchise renewal
 The purchase terms as proposet in the ordinance would be at tn, asking price already submitted b. water company President R. F Lewis, .$213,000, to be paid by al issue of general obligation mort gage bonds bearing four percen interest per annum, payable semi annually and to become due ant payable 40 years after date of issue
 This ballot proposal of the Ju neau Water Company was unani mously laid on the table" by tn Council, pending outcome of nego tiations for purchase" The vot to table the proposed ordinanc followed sharp criticism of tn company's proposal from the Mayo