HomeMy WebLinkAboutORD 2002-04 - Board PUblic Utility District I
Ordinance No. 2002-04
Establishing a Glenshire Water System
Upgrade Rate Component
WHEREAS, the Board of Directors of the Truckee Donner Public Utility District,
hereinafter referred to as District, has entered into an agreement with the Glenshire
Mutual Water Company for acquisition of the Glenshire water system; and
WHEREAS, the Glenshire water system is experiencing water quality and quantity
problems; and
WHEREAS, the Agreement for the Acquisition (attached hereto) requires that the
Glenshire water system customers pay the cost of water system upgrades by means of
a Glenshire Water System Upgrade Rate Component; and
WHEREAS, the Board of Directors of the District has determined that the Glenshire
Water System Upgrade Rate Component should be set at$10.75 per month; and
WHEREAS, a public hearing was held on July 17, 2002 to receive written and oral
comments from the public regarding the proposed ordinance establishing the Glenshire
Water System Upgrade Rate Component;
NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of the District as
follows:
1. Effective with the effective date of this ordinance, all
portions of prior ordinances and/or resolutions that are
inconsistent with the provisions of this ordinance are hereby
repealed insofar as they are inconsistent.
2. Glenshire Water System Upgrade Rate Component:
There is hereby established a Glenshire Water System
Upgrade Rate Component in the amount of$10.75 per
month applicable to all customers within the territory of the
former Glenshire Mutual Water Company.
3. This Glenshire Water System Upgrade Rate Component
shall be a monthly charge that is in addition to any other
monthly water charge in effect for customers of the District.
4. If no protest is made pursuant to Public Utilities Code Section 16078,
then this ordinance shall be effective thirty days after the date it was
adopted by the Board of Directors.
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5. The Glenshire Water Upgrade Rate Component shall be reviewed each
year in conjunction with adopting of the District budget and shall be
amended as appropriate.
6. The Clerk of the District shall immediately cause a copy of this
ordinance to be published in a newspaper of general circulation and
posted in three places within the District.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District
at a meeting duly called and held within the District on the 17th day of July 2002 by the following
roll call vote:
AYES: Aguera, Hemig, Maass, Sutton and Van Gundy
NOES: None
TRUC ONN R P B UTILI DISTRICT
By
Nelson Van Gundy, President
ATTEST: y'
Peter L. Holzmeister, District Clerk
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AGREEMENT FOR THE ACQUISITION OF THE GLENSHIRE WATER SYSTEM BY THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
RECITALS
1. Glenshire Mutual Water Company (hereinafter referred to as Company) owns and operates a
domestic water system serving approximately 1350 service connections in the Glenshire service
area located in the eastern portion of the Town of Truckee.
2. Company is experiencing high levels of arsenic in its domestic water supply wells. In addition,
its well capacity is not sufficient to serve the projected build-out of its service territory, and there is
not an adequate supply of high quality water in its groundwater basin to allow development of
additional source.
3. Truckee Donner Public Utility District (hereinafter referred to as District) owns and operates a
public utility domestic water system serving approximately 8,500 service connections in the Town
of Truckee and portions of Placer County. District's service territory is immediately adjacent to
that of Company.
4. Company has asked that District acquire all of the assets of Company as described below in
paragraph 1 and assume responsibility for serving domestic water in the territory of Company.
5. Company understands and intends that those customers to whom the Company has provided
water service prior to District's acquisition of Company's assets and service responsibility will
bear the costs associated with system improvements required for District to provide water service
and for Company's system to be brought into a condition acceptable to District. These costs will
be borne through a transfer of Company's assets to District and through the water rates imposed
by District on those customers.
NOW THEREFORE DISTRICT AGREES TO ACQUIRE ALL ASSETS OF COMPANY, BUT
NOT COMPANY ITSELF, AND COMPANY AGREES TO CONVEY ITS WATER SYSTEM AND
OTHER ASSETS TO DISTRICT, AS FURTHER DESCRIBED AS FOLLOWS:
1. Acquisition of Company assets:
District will acquire and Company will convey to District on the terms and subject to the conditions
of this Agreement, the assets of Company, which consist of all cash or bank balances in
Company's possession, all accounts receivable, all operative rights, water wells, storage tanks,
pump stations, distribution and transmission pipelines, services, and connection lines and all
appurtenances related thereto, rights-of-way and easements, land, equipment, vehicles and
inventory owned by Company, as further described in Exhibit A.
It is expressly understood that the named assets which are to be conveyed hereunder are
conveyed "as is", and Company makes no representation of any kind, whether express, implied
or otherwise as to their condition or serviceability. District acknowledges that it has conducted a
due diligence process and understands the as is condition of the assets of company. District also
recognizes an encroachment violation at the Strand tank site.
It is expressly understood and agreed that District will not acquire Company pursuant to this
Agreement, but only Company's assets and certain obligations as further described herein, shall
not be liable for any other obligations or liabilities of Company, and Company specifically agrees
and covenants to pay any claims, obligations, or liabilities presently owing or which may come
due, unless specifically excepted by the terms of the Agreement.
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2. Responsibilities of Parties:
A. Responsibilities of District
1. District will take possession of the water system, and own and maintain it and
become responsible for providing potable water supply to the service territory
of Company, including Glenshire/Devonshire, Meadows, Kent Drive, Royal
Crest extension, Filly Lane, and Cambridge I, II and III as described on the
map attached as Exhibit B.
2. District will construct the facilities necessary to connect the Glenshire water
system to District's system at District's sole expense, and District will
establish a water rate applicable to customers within the service area
described in the map contained in Exhibit B which includes a rate component
which will permit District to recover these actual costs.
3. District will abandon unused wells belonging to Company using methods
approved by the California Department of Health Services and other
regulatory bodies having proper jurisdiction over the District pertaining to well
abandonment.
B. Responsibilities of Company
I. Company will assist District in obtaining any and all regulatory approvals or
permits necessary for District to provide water service in Company's service
territory.
2. Company hereby forever waives and releases any right to provide domestic
, . water service within the service territory being acquired by District herein,
subsequent to the close of escrow. Company further agrees and covenants
not to challenge District's right and ability to provide water service within
Company's service territory, District's right and title to Company assets
acquired pursuant to this Agreement.
3. Company will timely tender possession of Company assets and perform all
other obligations as set forth herein.
3. Payment:
It is the intent of Company and District that the Company's customers within the service territory
will bear the costs incurred by District in the course of connecting Company's water system to
District's system, bringing Company's water system into compliance with applicable standards,
abandoning Company wells which will not be used by District, paying for employee benefits
accrued by the Company employees who will become employees of District, and a share of the
costs involved in the construction of District facilities from which Company's customers will benefit
following the execution of this Agreement. The costs to be borne by Company's customers will
be offset by the value of the disposable assets listed in Exhibit A, as set forth below. The precise
mechanism for recovering these costs is set forth in this Section 3.
A. Following are firmly established costs that will be borne by the customers of the
territory described in Exhibit B.
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FIRM COSTS
1. Buy-in to well 334,000
2. Storage tanks
(New storage) 67,000
(Repair) 50,000
3. Truckee River Bridge crossing 51,000
4. Service line replacement 50,000
5. Accrued employee benefits 19,000
TOTAL FIRM COSTS
571,000
B. Following are estimates of construction costs required to connect the service territor
described in Exhibit B to the District water system. y
CONSTRUCTION PROJECTS ESTIMATES
1. New 12-inch transmission line 1,170,000
2. Well upgrade (increase pump capacity) 200,000
3. Chlorination for well#20 100,000
4. Pump station at Featherstone 100,000
5. Pump station in Glenshire 100,000
6. Main line replacement at Cavalier Rise 100,000
7. Main line replacement at Regency Circle 100,000
8. Well abandonment 90,000
TOTAL ESTIMATED COSTS 1,960,000
Contingency 196,000
ESTIMATED TOTAL COSTS 2,727,000
It is recognized that these are cost estimates. Actual costs to construct the facilities,
perform the repairs listed as construction projects above and connect the service territory to the
District water system may be greater or less than the stated estimates. The District, being a
public agency, shall establish a water rate applicable to customers in Company's service territory
which rate will contain a component representing a charge for the items listed above, so as to,
permit District to recover the costs associated with these improvements and shall limit the
application of this rate component such that it recovers only the actual costs incurred by District.
C. Customers within the service territory described in Exhibit B shall be required to pay
the total firm costs and the actual costs required to construct the facilities and perform the
repairs listed as construction projects above, and to connect District's water systems to
Company's water system. Company will remit to District all cash on hand and the District
will finance the balance of the firm and actual costs for a period of twenty years at an
interest rate that the District is able to acquire using its best efforts to achieve the lowest
possible rate. The rate component established by the District shall cover only the amount
financed at the actual interest rate incurred for the financing. The rate component will be
added to the other components of the normal monthly water charge, and will remain in
effect as a component of the water rate for these customers until the principal and
interest payments are fully paid.
D. District shall establish and maintain an interest bearing account to be known as the
Glenshire Water System Sinking Fund. Funds on deposit in said Sinking Fund will be
applied by District to amortize the debt service described in Paragraph C above.
Amortization shall be scheduled to reduce the principal and interest payments each year
throughout the term of the debt, and the monthly rate component on customer bills which
represents District's costs in integrating and operating Company's system shall be
reduced by the amount contributed by the Sinking Fund.
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• E. The assets listed on Exhibit A fall into two categories, those assets that will be
retained by District as necessary to provide service to the territory defined in Exhibit B,
and those assets that can be disposed of. The assets that can be disposed of have an
associated cash value for purposes of this Agreement, as set forth in Exhibit C. District
has the option, in its sole discretion, of keeping said disposable assets by paying the
associated cash value into the Sinking Fund, or to sell said assets according to the
methods required by law, and using its best effort to sell said assets at the highest price.
If District decides to keep any of the real property or assets, the appraised value will be
placed in the Sinking Fund. The net cash proceeds derived from the sale of said assets
shall be deposited in the Sinking Fund.
F. The Truckee River bridge crossing and capacity upgrade for District's Glenshire Drive
well, which will be undertaken in order for District to serve the service area described in
Exhibit B, may also benefit other properties which may be annexed to District at a later
date. Since these facilities will have been paid for by the customers in Company's
service territory, properties which are annexed to the District and which benefit from
these facilities will be required to pay to District a contribution to the cost to construct
these facilities. This contribution will be in addition to any other fees, charges or
contributions that may be required to be paid to District as a condition of annexing into
District or receiving water service from District. Contributions so received will be
deposited in the Glenshire Water System Sinking Fund and applied to principal and
interest payments resulting in a reduction to the rate component.
G. If Company adds additional customers between the time this agreement is executed
and the close of escrow, Company will pay to District the additional cost for source and
storage associated with each new customer.
4. Accounting statements and inspection of Company books and assets:
Within twenty (20) days of the execution of this Agreement the Company will provide to District, if
requested, a current trial balance statement satisfactory to District showing all customer funds
and deposits held by Company, and Company shall also permit District's agents or
representatives to review or audit, at any time prior to close of escrow, any of Company's books,
records, accounts, equipment or other assets, and to otherwise verify the status of Company's
outstanding obligations, customer credits, accruals, accounts, equipment or other assets.
5. Conditions precedent to District's obligations to acquire:
District's acquisition of the water system is subject to receiving appropriate approval of the
shareholders of Company, from Nevada County Local Agency Formation Commission, and
approval from the California Department of Health Services of an amendment to District's water
operator's permit. District's acquisition of water system is also subject to completion of the
environmental review process set forth in the California Environmental Quality Act. District's
acquisition of water system is contingent upon receipt of suitable funding to effectuate the
improvements set forth in Paragraph 3 above.
District shall bear all costs associated with applying to Nevada LAFCo and obtaining Nevada
LAFCo's approval to provide water service to, and eventually annexing, the area described in
Exhibit B, including the cost of any litigation that may result from processing of the application.
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6. Opening of escrow:
District will open an escrow with California Land Title to effect the consummation of this
Agreement. Escrow shall close following the completion- and satisfaction of all conditions
precedent to the acquisition, including but not limited to approval the shareholders of Company,
approval of Nevada County Local Agency Formation Commission, and on a date thereafter that
logically meshes with District billing cycles and which is a logical date for District to take over and
assume operation of the water system. District will strive to accomplish an escrow closing date
that is on or about February 1, 2002, if the required conditions and performances under this
Agreement are complied with and it is practical to do so.
7. Operating systems pending transfer:
From and after execution of this Agreement and until transfer of system after close of escrow,
Company warrants and agrees that it will continue to operate the system and provide utility
service in good and satisfactory manner, and will maintain and repair the system and all
components thereof in a good and responsible and workmanlike manner; and that it will not incur
any debts, liabilities obligations or encumbrances against its assets, or make modifications or
alterations thereto beyond normal operational practices without District's prior written approval.
8. Actions of parties to close escrow:
A. Company will, not later that three days prior to close of escrow, deposit all cash on hand into
escrow.
B. District shall pay all closing costs and shall submit all needed instructions to close escrow in
accordance with this agreement
.. C. All outstanding accounts payable, including taxes as defined by McClintock Accountancy,
incurred by Company as of the close of Escrow shall be paid by District.
9. Customer accounts, billings and records:
Company shall transfer to District the records of the amounts of all customer advance payments
or deposits, and all accounts receivable for services. District's records shall reflect customer
advance payments, and District shall bill for all accounts receivable. Company will supply to
District fifteen (15) days before close of escrow complete and current lists of customers, to be
used for billing purposes. At the time of transfer of billing responsibility to District, Company shall
turn over all of Company's customer accounts and billing records. Service to any new or added
connections by District after transfer will be on the terms and conditions applicable thereto under
District's rules, regulations and policies.
At the close of escrow, Company shall turn over and deliver to District as its property all of the
Company's operating records, maps, plans, drawings, specifications, warranties and other files,
correspondence and papers pertaining to Company's assets.
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10. Condition of water system:
Company shall supply to District within fifteen (15) days after the execution of this Agreement the
following information on the water system, to enable District to ascertain the existing conditions of
the system:
A. All available as-built installation plans, drawings and specifications;
B. Maps showing the location of all pipelines, pumps, and appurtenant facilities (valves,
hydrants, etc.), and rights-of-way and easements for off-street locations so far as
these are known to or can be ascertained by the Company;
C. Size, type, material, and date of installation of all pumps, pipeline, and other
component parts and facilities so far as this information is known to or can be
ascertained by the Company.
D. Types and locations of all hydrants, and air vacs, blow-offs and other valves so far as
is known to or can be ascertained by the Company.
E. Meter history cards.
Such information, to the extent it is available, shall also include descriptions of any sub-standard
installations, deficiencies or facilities in the system known to the Company or its employees, that
could impair or affect the District's ability to continue to provide adequate and reliable water
service to the areas served by the water system. District acknowledges that Company may not
have available all information described in this paragraph and Company is only required to
provide such information that it has and in the condition that it exists.
11. Insurance:
Company agrees make its best effort to maintain in full force and effect all property damage,
liability and other insurance it had in effect on January 1, 2001, and to transfer such insurance to
District if requested at close of escrow, provided that the insurance premiums on any such
transferred coverage shall be pro-rated as of close of escrow.
12. Authorization:
Company warrants that the execution of this Agreement and conveyance of said water system
and properties has been duly and regularly authorized by the Board of Directors and the
stockholders of Company in accordance with applicable law. District warrants that the execution
of this Agreement and acceptance of the water system and properties has been duly and
regularly authorized by its Board of Directors at a meeting held in accordance with applicable law.
13. Future rates and financing of improvements:
After the close of escrow District will charge the customers of Company according to the
customary rates, fees and charges as apply to all other customers of District, except that
customers in the service area described in Exhibit B shall also pay the monthly rate component
described in Paragraph 3 above. All lots with existing connections to Company's water system
shall be served by District without paying District's connection and facilities fees. All lots which do
not have connections, and the owners of which do not decide to become rate-paying customers
of Company as set forth below, for which connections are subsequently desired shall be required
to pay District's connection and facilities fees.
Owners of vacant lots may choose to become rate-paying customers of Company, if said decision
is made prior to January 1, 2002. District will continue their status as a customer provided said
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` customer pays the usual monthly water rate, including the rate component described in
Paragraph 3 above. After the close of escrow said vacant lot owners will be considered regular
customers of District and would not be required to pay the District water facility fee at the time of
construction, provided the monthly charges have been paid in full during the entire period leading
up to the date of connecting to the District water system.
14. Litigation and undisclosed liabilities:
Company states to the best of its knowledge that it is neither presently engaged in any legal
action to recover money due it nor damages sustained by it nor is there, to the best of Company's
knowledge, any action at law or equity, before or by any federal, state, municipal, or other
governmental department, commission board, bureau, agency or instrumentality, or other person,
pending or threatened against Company or relating to or affecting Company, its business, assets
or properties or any basis for such action, suit proceeding, claim, investigation, audit, inquiry or
hearing, except as disclosed below.
Company states to the best of its knowledge that, except as set forth in Company's financial
statements, there are no debts, liabilities or obligations, fixed or contingent to which Company, its
business or assets are subject, other than those incurred in the ordinary course of business
consistent with past practices. Company further warrants that it is not a party to nor are its assets
bound by any agreement not entered into in the ordinary course of business consistent with past
practices, any indenture, mortgage, deed of trust, lease or any agreement that is unusual in
nature, duration or amount, including, without limitation, any agreement requiring the performance
by Company of any obligation, calling for consideration of more than $1,000. Company warrants
that it is not a party to, nor is Company or any of its assets bound by, any agreement that is
materially adverse to the business, assets, prospects or financial condition of Company.
Company discloses that the water storage tank located at the Strand site is in violation of the
original use permit in that it encroaches four feet into the twenty-foot road setback.
Company further discloses that it has an obligation to contribute to maintenance of Juniper Hills
Homeowner Association for road maintenance to gain access to well 20 and Somerset and
Strand tanks. The quarterly fee is approximately$455.
15. Agreement shall not cause breach or violation:
Neither the entry into this Agreement nor the consummation of the transactions contemplated
hereby will result in or constitute any of the following:
A. A breach of any term of this Agreement;
B. A default or any other event that would be a default, breach or violation of the Articles of
Incorporation or By-Laws of either party or of any lease, franchise, trust, or other agreement,
instrument, or arrangement to which the parties or their assets are bound;
C. An event that would permit any party to terminate any agreement or policy of insurance or to
accelerate the maturity of any indebtedness or other obligation of Company;
D. The creation or imposition of any lien, charge or encumbrance on any of the assets of
Company; or
E. The violation of any law, regulation, ordinance, judgment, order or decree applicable to or
affecting the parties in their business, assets or financial condition.
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' 16. New transactions:
Company shall not, prior to the close of escrow, do, or agree to do, any of the following acts
without the prior written consent of District: (a) enter into any contract, commitment or transaction
not in the usual and ordinary course of its business, consistent with past practices; (b) enter into
any contract, commitment or transaction in the usual and ordinary course of business involving an
amount exceeding one thousand dollars ($1,000) individually or two thousand dollars ($2,000) in
the aggregate; (c) make any capital expenditures in excess of five thousand dollars ($5,000) for
any single item or in the aggregate, or enter into any leases of capital equipment or property
under which the annual lease charge is in excess of one thousand dolllars ($1,000).
17. Conduct of business in normal course:
Company shall carry on its business and activities diligently and in substantially the same manner
as they have been carried on in the past, through December 31, 2001, or until the close of
escrow, whichever shall occur later, and shall not make or institute any change in management,
accounting or operations that shall vary materially from the methods used by Company as of that
date of execution of this Agreement.
18. Publicity:
The parties agree that all notices to third parties and all other public communications concerning
the transactions contemplated by this Agreement shall be jointly planned, coordinated, and
issued between them, and neither party shall act unilaterally in this regard without the prior written
approval of the other, such approval not to be unreasonably withheld or delayed. Nothing in this
paragraph shall prohibit or otherwise limit disclosures which may be required pursuant to
applicable statutes, including but not limited to, the California Public Records Act. Nothing in this
, . agreement shall limit the ability of the Board of Directors of Company to communicate with its
shareholders.
19. Employment of Glenshire Water System Staff:
District agrees to employ on a full-time basis Mark Thomas, Dennis Sanchez, and Barbara Cahill,
and on a part-time basis Karen Sattler. Said employees will be initially employed by the District
as probationary employees and, upon successful completion of the District's probationary period,
shall be employed under the same terms and conditions as customarily apply to District
employees. District will recognize the accrued vacation and sick leave benefits. District will
recognize for purposes of future vacation accrual, an employment date of September 13, 1999 for
Mark Thomas, June 27, 2000 for Barbara Cahill, August 10,1992 for Dennis Sanchez and July
20, 1993 for Karen Sattler. The seniority date for said employees shall be the date they are
employed by District
20. Entire agreement:
This Agreement contains the entire agreement between the parties hereto, and supersedes all
negotiations or prior agreements, and there are no representations or warranties except as
expressly set forth or provided for in this Agreement. Time is of the essence for purposes of this
Agreement. Each party agrees to execute all further documents necessary to implement and
perform the terms and provisions of this Agreement.
21. Survival of warranties and representations:
The representations made herein will be correct and accurate in all material respects as of the
closing date, and shall survive the closing.
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22. Notices:
All notices, requests, demands and other communications under this agreement shall be in
writing and shall be deemed to have been duly given on the date of service if served personally
on the party to whom notice is to be given, or on the third day after mailing if mailed to the party to
whom notice is given, by first class mail registered or certified, postage prepaid, and properly
addressed as follows:
To District: Clerk of the Board
Truckee Donner Public Utility District
P.O. Box 309
Truckee, California 96160
To Company: Glenshire Mutual Water Company
14630 Glenshire Drive
Truckee, California 96161
23. Governing law:
This Agreement shall be governed and construed in accordance with California law.
24. Dispute resolution:
The parties agree that in any dispute or controversy that may arise after the effective date as a
result of the terms and conditions of the Agreement or relationship between District and Company
under this Agreement, if said dispute or controversy cannot be resolved by mutual agreement,
then and in that event the dispute or controversy shall be settled by arbitration in accordance with
the commercial arbitration rules of the American Arbitration Association, except that one
arbitrator, who shall be approved by both parties to this Agreement, shall hear and decide such
controversy or claim. Judgment upon the award rendered by the arbitrator may be entered in any
court of competent jurisdiction. Any and all arbitration hearings shall be held in Nevada County.
25. Severability:
If any term or provision of this Agreement, or the application thereof to any person or
circumstances, shall to any extent be invalid or unenforceable, the remainder of the Agreement,
or the application of such term or provision to persons or circumstances other than those as to
which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of
this Agreement shall be valid and enforceable to the fullest extent permitted by law. The parties
acknowledge that the provisions of this Agreement were negotiated by both parties hereto, and
the language hereof shall not be interpreted for or against either party.
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26. Third-Party Beneficiaries
It is expressly understood and intended by the parties to this Agreement that it shall be for the
mutual benefit of the parties hereto, is not being entered into for the benefit of any third party, and
that any benefit which may accrue to any third party as a result of this Agreement is purely
incidental in nature.
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Rick Gardner, Board President Date
Glenshire Mutual Water Company
Nelson VanGundy, Board De"i dent Dat
Truckee Donner Public Utility District
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EXHIBIT A GLENSHIRL ,UTUAL WATER CO. Page 1 of 4
Wells Address APN Status
la 10441 Somerset 40-120-28 own
Old well lb Courtenay Lane 40-110-07 own
9 14630 Glenshire Dr 49-011-29 own
11 14601 Glenshire Dr 49-011-31 own
12 Manchester Dr 49-011-33 own
14 Glenshire Dr parcel A easement
15 Glenshire Dr parcel C easement
16 14745 Royal Way N/A Encroachment permit 208
17 Tudor Lane N/A . Town right-of-way
18 Acesa Drive 48-190-19 easement
19 10114 Dorchester Dr 40-430-01 easement
20 11263 Somerset Dr 49-130-15 easement
Future well site The Strand 49-240-31& 32 easement
Tanks Address APN Status
Somerset tank 49-130-03 easement
The Strand tank 11263 The Strand 49-110-06 easement
Booster Address APN Status
Donnington & Royal Way 15163 Royal Way N/A Town right-of-way
Green Belt Area Address APN Status
The Strand & Glenshire Dr N/A 40-150-39 own
Equipment Assets Estimated Market Value
Metal Detector $ 10.00
Ingersoll Rand compressor $ 500.00
" ipe locator $ 400.00
Wacker- BS624 $ 250.00
Remote Read Meters $ 100.00
Pinpoint leak locator $ 600.00
Chem Cabinet $ 350.00
Hach Portable Lab $ 1,405.00
2" Honda Powered Diaphram Pump $ 700.00
Chevy 1/2 Ton Truck w/plow $ 2,500.00
1977 Ford Dump Truck $ 4,000.00
1987 Caterpillar Back Hoe, Model 416,w/buckets $ 7,000.00
Heavy Duty Trailer $ 250.00
1989 Toyota Truck $ 3,500.00
1997 Chlorination Trailer w/metering pump $ 2,773.00
1999 Ford F-350 Pick-up - $ 26,400.00
1995 Stand-by Generator X0225 w/Cat3305 Engine $ 16,000.00
2700 Watt-PPG Generator $ 360.00
8000 Watt PPG Generator $ 1,360.00
Desk &Chair $ 25.00
Computer Furniture $ 50.00
7- Four drawer firepfoof filing cabinets $ 525.00
2-computer desks with returns $ 300.00
Intel Pentium II 400 mhz with HP tape drive $ 600.00
Intel Pentium II 400 mhz $ 500.00
1 HP 1100 Printer $ 50.00
=xmark Laser Pinter-Optra T612 $ 400.00
Savin 9922-DP Copier $ 4,000.00
Gateway 433C Personal Computer $ 250.00
Container Shed $ 2,500.00
Total: $ 77,658.00
Shop Assets ' Estimated worth Page 2 of 4
• AC Arc Welder
6- Hydrant meters $ 400.00
Torch Set $ 1,500.00
7-1/2" Circular Saw $ 100.00
,"-Irinder $ 2.5.00
Drill Press $ 25.00
Sawz All $ 400.00
Right angle drive drill $ 25.00
Pipe threader $ 25.00
Drill -cordless $ 100.00
Hand grinder $ 25.00
Chain saw $ 25.00
Well sounder $ 50.00
Cut off saw $ 100.00
3-Ton floor jack $ 350.00
5-hour 25-gallon compressor $ 50.00
Traffic Signs $ 100.00
8- safety gas cans $ 700.00
Weed eater $ 160.00
Battery Charger $ 75.00
Vault Lid puller $ 75.00
Tool Box with various tools $ 100.00
Pipe crimper $ 500.00
Goldak Metal Detector(older-large flat circle) $ 100.00
$ 100.00
Quick freeze Kit-pipe freezer
$ 200.00
gauges Midwest duplex & differential au es to test backflow $ 500.00
Chain pipe cutter $ 200.00
Ladders: 10'and 15'
,,,.0omealong $ 40.00
$ 10.00
.0 foot tape
$
Hydrant defusers .00
Muller hydrant set puller $ 1000.00
$ 100.00
6 HP wet/dry vac
T.V. $ 40.00
VCR $ 75.00
Welding table $ 50.00
$ 50.00
Total: $ 61477.00
I .
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Page 3 of 4
. EXHIBIT A GLENSHIRE MUTUAL WATER CO. Parts Inventory
Part Description Size Quantity Price Total
45 3/4" 10 $ 5.94 $ 59.40
90 1" 11 $ 11.28 $ 124.08
90 2" 1
$ 8.00 $ 8.00
Bell 2 x 1-1/2" 4 $ 15.44 $ 61.76
45 Brass 1" 11 $ 10.00
45 Ell $ 110.00
1" 7 $ 11.28
$ 78.96
90 Brass 3/4" 9 $ 5.94 $ 53.46
90 Brass 1" 11 $ 12.78
58
AC Full Clamp 6"x 7-1/2" 1 $ 1 80.
$ 80.91 $ 0.9191
Bell 1-1/4 x 1" 4 $ 16.02 $ 64.08
Bell 1-1/4 x 1-1/2" 5 $ 17.26 $ 86.30
Brass 3/4"-45 5- $ 5.54 $ 27.70
Brass 3/411- 90 6 $ 5.54 $ 33.24
Brass Bushing 1 x 3/4" 13 $ 4.48
Brass Coupling 3/4 $ 58.24
5 $ 4.48 $ 22.40
Brass Coupling 2 x 1'112" 4 $ 25.65
Brass Coupling 1.1/2 1 $ 102.60
$ 25.06 $ 25.06
Brass Coupling 1-114" 1 $ 12.49
Brass Nipple 1-1/4 $ 12.49
13 $ 25.17 $ 327.21
Brass Plug 1" 2
$ 4.56 $ 9.12
Brass Plug 3/4" 2 $ 3.44
Brass x CLs Nipple 1-1/2" 1 $ .88
.� $ 10.48 $ 10.48
Bushing 1-1/4 x 1" 6
Bushing 1-1/2 x 1-1/4" 6 $ 7.64 $ 45.84
Cap 1„ $ 10.04 $ . 60.24
5 $ 5.27 $ 26.35
Cap 3/4" 8 $ 3.83 $ 30.64
Closed Nipple 1" 7 $ 15.91 $ 111.37
CLs Brass Nipple 3/4" 9 $ 11.31 $ 101.79
Comp Coupling 1-1/2" 1 $ 18.41
Comp CTS x mip adapter 1" 11 $ 18.41
$ 10.24 $ 112.64
Comp fip adapter 3/4" 11 $ 9.27 $ 101.97
Comp fip adapter 1-1/2" 4 $ 31.72 $ 126.88
Comp fip adapter 1-114" 13 $ 19.91 $ 258.83
Comp x FIP Brass 1" 10 $ 12.82 $ 128.20
Comp x mip 3/4„ 13 $ 8.65 $ 112.45
Compression Coupling 1" 15 $ 10.40 $ 156.00
Compression Coupling 3/4" 6 $ 10.20 $ 61.20
Compression Coupling 1-114" 7 $ 17.33 $ 121.31
Corp Stop 3/4" 11 $ 25.88 $ 284.68
Corp Stop 7 ' $ 34.74 $ 243.18
Corp Stop 1-114" 8 $ 42.44 $ 339.52
Corp Stop 3/4" 11 $ 20.00
Curb Stop 2 $ 220.00
2 $ 139.10 $ 278.20
Curb Stop 1" 3
$ 43.13 $ 129.39
Curb Stop 1-114" 4 $ 67.23
Curb Stop 1-1/2" 1 $ 115.10 $ 268.92
FIP Curb Stop 314 $ 31.92 4 $ 115.10
Flex Coupling ill
$ 127.68
$ 20.37 $ 40.74
Flex Coupling 1-114" 2 3 $ 21.14
$ 63.42
�U
Page 4 of 4
- Part Description Size uantitY
-- Flex Coupling 1-1/2" - Price Total
�� 4 $ 28.66
Flex Coupling 2 1 $ 28.66 $ 25.28
Flex Coupling 3/4" $ 114.64
Flex Coupling 3 3
„ $ 19.54 $ 58.62
Flex Coupling 410 2 $ 40.29 $ 80.58
Full Circle Clamp 101, 1 $ 47.22 $ 47.22 Full Circle Clamp 2" 4 $ 186.26 $ EE
.04
Gate valve 4 $ 89 96 $ .84
6" 2
Gate valve q„ 1 $ 162.00 $ 464.00
GLV 45' 1 $ 167.38 $ 169.00
1-114" $ 7.38 $ , 7.38
MJ Valve 811 1
Repair Clamp Ac q $ 407.87 $ 407.87
�� 52
Repair Clamp Steel q't 1 $ 68. $ 68.52
Roll seal valve 3 $ 67.63 $ 202.89
6"
Roma Couplings 10 1 $ 500.00
�� $ 500.00
4
Romac 501 center ring 6„ $ 128.09 $ 512.36
Romac 501 Red Ring 6'f 2 $ 32.56 $ 65.12
6 $ 17.72 $ 106.32
Romac 501 Red Ring 81'
4 $ 15.0 5 $ 57.2
Romac Complete Grip 8t' 8 $ 60.36
Saddle $ 286.40
6"x 1-1/4 1 $ 51.53 $ 51.53
Saddle 6 x 1-1/4"
Saddle 1 $ 51.53 $ 51.53
4"x 3/4 1 $ 51.35 $ 51.35
Saddle 4"x ill. 3
Saddle $ 27.27 $ 81.81
6"x 1 1 $ 43.07 $ 43.07
Saddle 8"x 1
Saddle 1 $ 60.10 $ 60.10
Saddle
6 x 3/4 1 $ 51.53 $ 51.53
8"x 3/4" 2
Saddle $ 60.10 $ 120.20
10 x 3/4 1 $ 71.21 [!$
71.21
Saddle 10"x 1" 1
EE
Saddle ( Dill size OD ) 2"x 3!4 $ 71.21 71.21
Saddle ( Diff size OD ) 2"x 3/4 3 $ 52.46
$ 157.38
St 90 Galy 2" 1 1 $ 5115
.335 $ 51.35
Steel Full Cr Clamp 611 $ 10.66 $ 10.66
Steel Full Cr Clamp 811 3 $ 80.91 $ 242.73
Tee
2 $ 201.15 $ 402.30
Tee 1 x 1 x 1-114" 5 $ 32.29 $ 161.45 Y 3/4 x 3/4 x 1" 6 $ 16.20 $ 97.20
1-1/2 x 1 x 1" 2
Yard Hydrant $ 22.85 $ 45. 00
2 $ 88.00 $ 176.00
TOTAL $ 11,467.65
SUMMARY OF ESTIMATED MARKET VALUES
EQUIPMENT ASSETS $ 77,658.00
SHOP ASSETS $ 6,477.00
PARTS INVENTORY $ 11,467.65
$ 95,602.65