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 | |
| Customer Advances | -29,008,109 | |
| Total Rate Base | $46,263,680 |