To Fix Value of Racine Water Plant
May 5 has been tentatively named as the date for a meeting between the Wisconsin Rate Commission and the Racine, Wis., Water Company, representatives and city officials, when preliminaries to fix the value of the company’s plant will be arranged. After the value is fixed it must be satisfactory to both parties and then, how and in what manner the transfer shall be made will be decided. Should the Racine Water Company be dissatisfied with the valuation an appeal will be taken to the courts. On the other hand, if the city of Racine is not satisfied with the figures, an appeal can also be taken. It is stated the Water Company owners believe that the plant is worth $1,500,000, while the city officials, in view of a tentative value given in the first place of $750,000 do not think that the value can go over $1,000,000.
Work has been started to lay pipe to the Nepaug reservoir, across the Farmington river, just below Wilkinsonville, Conn. A cofferdam was constructed about half way across the river last fall, when a freshet washed it away. A wider and more substantial cofferdam will be built.