Appraisal Summary Statement
The following is an excerpt from the appraisal report provided to The Town of Apple Valley by an independent appraiser.
BASIS OF VALUATION:
The fair market value for the property proposed to be acquired is based upon an appraisal prepared in accordance with generally accepted appraisal principles and methodologies.
DATE OF VALUATION: The fair market value of the property was estimated as of March 24, 2015.
Apple Valley Ranchos Water System
Estimated Rate Base as of March 24, 2015
|Description||Rate Base ($)|
|Net Plant in Service||86,491,033|
|Materials & Supplies||363,850|
|Cash Working Capital||2,267,680|
|Deferred Taxes and Tax Credits||-12,174,055|
|Construction Work in Progress||569,952|
|Contributions in Aid of Construction||-2,246,671|
|Total Rate Base||$46,263,680|