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<br />Dr. G, Page Care Tim Thomas 42..00 <br />St.Barnabas H, " " n 15..00 <br />Ivdller Davis Co Balnks for C I e l' k 6.29 <br />E.R.Blacksmith repairs 3..00 <br />Eklund Drug Co, Fumigating 2.. 20 e <br />Cemtral Lbr co. Coal for Blocker ~..88 <br />E. R . !Ilea t !llarket lheats for Schultz 8..00 <br />" " 'I " 'I " Decker 7.41 <br /> <br />~otion by Geo Cornelius and second~d byJ.D.Flaherty that <br />report submitted by our engineer, ~~ Richardson, be in_ <br />corporated in the minutes of this meeting and orQere4 <br />Published alon6 with the minutes of this meeting, Motion <br />Carried, <br />The E.R.Power & Light Co submitted new rates'for <br />the approval of the E.R.iillage Council, The Council, <br />deeming these rates too high, engaged the servives of a <br />consulting engineer who has prepared an appraisal, report <br />estimated and recomEenda4ions for the council, <br />Following are excerpts from this report: <br /> <br />The object of this investigation appraisal and re_ <br />port is to secure for the Village of Elk River a satisfa~ <br />tory su~ply of electrical energy at the lowest cost, <br /> <br />A, study was made of the present operating company <br />involving an appraisal of their properties immediately <br />concerned, an examination made of their rate structure <br />and a comparison made with rates in other communties of m <br />comparable size, An investigation wa~ made of the PJss- <br />ibility of highline connection wherby the Village might e <br />enter into the busines3 of a public utili~t by purchasing <br />current wholesale for redistribution to its citizens, <br />A study was made of suitable generating equipment for a <br />municipally owned and 8R~tpted electric light and power <br />plant and a study of the passibility of securing real <br />competitive operation by another company, <br /> <br />Gross Revenue <br />Operating expense <br />Net Revenue <br />Bperating Ratio <br />Other Income <br />Total Income <br /> <br />The system now is serving in ~lk River 352 custom~ <br />ers, 272 of which are two wire service and ~O, three wire <br />service, The monthly gross revenue for Elk River is appr_ <br />oximately $2,637..00 and the yearly gross income is appro_ <br />ximately $31.599..00, <br /> <br />Earnings report _ E.R.Power & Light Co, furnished <br />electric service to Dayton, Zimmerman, Elk River and ad_ <br />joining territory in ~lk'River Vallgy, Approximately 4" <br />miles transmi8.~on lines, Population served about 5,000. <br />1 ~ 30 1 92') 1 ~ 28 <br />$65..016 $65,619 $65..079 <br />4C....Q~ .1L2J.3_ ~e. 3!( <br />~4,~77 20,3B6 30,7 ~ <br />61 '" 5~ 6 t. 9 2 49. b .3 <br />__. ._~ 1.942-LliL <br />25,870 21,428 31,957 <br /> <br />Bond Interest, other <br />charges and depreciati~1 .qO~ <br />Balance $13,970 <br /> <br />Output KW hours <br />No of meters <br /> <br />966,271 <br />1 . 137 <br /> <br />11.900 <br />$' 9,528 <br />'19,270 <br />1,075 <br /> <br />11.661 <br />$' 20 , 29 b <br /> <br />e <br /> <br />97'8,522 <br />1 , 1 00 <br />