Rainbow Ranche Collection

Minutes of meeting of the Trustees of the Winfield & Okanagan Centre Irrigation District, November 27,… Trustees of the Winfield and Okanagan Centre Irrigation District Nov 27, 1947

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 o
Meeting of the Trustees of the Winf ield & Okanagan Centre Irrigation
District held in the Rainbow Ranche office Thurs* Hoy* 27/47 at 2 p*m*
PRESENT :- Misars* Chase, Edwards, Goldie, & Williams*
(Mr. J. Seaton was not present as the Sec* had been unable to
contaet him at such short notice*)
Misers* Howard, Van ^clcBren, & Hunter were also present*    It
was at Mr* Howardfs request that this meeting was called*
Mr. Howard said that the Irrigation Co* Was in an awkward position*
Since ordering their pipe last July for next Spring's work the value of
their order had advanced Iron #15,000 to #21,000*
What was to be done ? Should part of the replacement work be left
undone ?    If not, where was the balance ef the money to come from ?
He said that the Co« certainly did not want to go te the Public
Utilities Commission again*
Ea   did not actually ask the District to put up more money neither did
the Trustees lead him to believe that the Distriot would even consider it*,
The whole matter was just left up in the air* It appeared  as if the
ball had been tossed to the Trustees and the Trustees had dropped the
catch* ;i.*l
Mr* Howard then said that he still thought that the District should
own the system,  and offered it far sale at the price of #85,000*   This
price to include the Co's share of the Dam, and the Bypass*
This sum would be mortized at 4$ over a 15- or 20 year period,   ( A
rough calculation shored that this would mean about #5*000 per year * or.
approx* $2*00 per acre foot)
He stated that Mr. Westonfs original appraisal was $103,000.    Since
that time the Co* had spent approx. $15,000 a year on the system*    Of this
amount $10,,000 was depreciation and the other #5*000 was money that might
have gone to the Co.  as interest*       This meant that the Co. new had
#128,000.in the system*
Weston's appraisal
0ofs share of new Dam *•*••
3 years at #5,000  	
$103,000
10*000
15*000
$126,000
In addition to the $85,000 the District still owes the Co* $15,000Q
of the canyon main replacement*
Mr. Howard said that if the District wanted to buy the system , now
woe the time to do it*    He thought that in another four or five years time
the Co. would be in a position to start asking far a return on their investment* and when this time came the Co* might quite easily not wish to
sell*
It wee estimated by Mr. Hunter that it would cost $10,000 to replace
1300 feet of maM this coming year and that that would only leave #5,000
for the rest of the system*
The following figures, showing the increase in the cost of pipe,
were obtained from Mr* Binter at the meeting*
All pipe prices shown are for 100 foot head pipe*
n
Size of j»ipe
3 inch
10 7
4
^rffW0
1
10
12
Z*<>-f   ■■;
14
22    •
1939 price per
$    .43
foot*
Price per foot 0ct*l/47
#    e*7
•54
•93
.63
1*07
1.20
1*97
1.42
2*33
1*6$
2*72
3*10
4.50
It was stated that on Nov* 1/47 these prices had all advanced another
10% and that another rise was likely by the end of 1947*
Secretary to the Trustees*
Chairman*

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