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LAS VEGAS LAND AND WATER COMPANY RESOLUTION San Gabriel Valley Water Co* 717 The following Authority for Expenditure Request, approved President Bailey, was submitted for ratification: Work Order No. 8*4, issued June 28, 1966; Las Vegas Land and Water Company to deposit $118,000 to cover cost of constructing 10,500 feet of 12”, 14” and 16” water mains to serve approximately 200 acres of industrial property in Handorf Industrial District No. 1, City of Industry, California; construction of water mains to be performed, and owned, by San Gabriel Valley Water Company; deposit to be subject to refund annually at the rate of 22% of the revenue collected from customers over a twenty year period; refund of the unrefunded balance of the actual cost of the water mains to be made when 80% of the customers for which the main extension was designed, are being served. Deposit was assented to by Union Pacific Railroad Company Executive Committee on May 12, 1966; Total estimated expenditure $118,000.00 Difference chargeable to deposits for public utilities service -- subject refund »*• • #* *»* 118,000.00
