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HomeMy WebLinkAboutR-01594fE30LU'ION NO. 1,$944. A . RB3+OL t1 IOit AUTHOR/ZING AND D 1REOTIHG -J/el` MANAGRR. TO HAVI AN RXA,MINA TX ON MAIO o!' . I1100 ,AND E .'NSI S 'aro MIAMI GAS COMPARE F t 1111C,-; .1iltiAR 'MARS 1922 AND 1923, AND 1 i'WZLV$ MON PRRIOD ENDING JULX 31, 1924, AND EMI'LOYIUG 1 PEND$NT, QUALD?'IED AUDITORS THERI'OR. -DE IT RESOLVED by the Commission of the `e i Miami: T hat the City Manager is he reby author- ized and directed to employ independent qualified auditors for the purpose of having an examination made of the becks of account of the Miami Gas Company in order to determine the income and expenses of that Company for the calendar years 1922 qnd 1923, and the. twelve months period ending July 31, 1924, and the said City Manager is hereby authorized and directed to employ .lost & Ernst, of Atlanta, 4e crgia, for such purpose, the expense cf such examination to be borne by the Florida Paver & Light Company. A.D. 1924. ZTE 418 83D Ate D A DO P Tr.D this 2 9 th day o f July , IN cILE,RIC "DOCUMENT INDEX ITEM NO, • /A " LI A Y OR CITY COMMISSION MEETING OF JUL 24-/9a% IC. BOND AND SHARE CO SEVENTY ONE 8ROADWY NEWYORK ,„i4norablo Board of City Oommissionersi l tit of Miami, plorida. Gentloom- is we have previously informed you, the Florida power & Light Company has acquired the property formerly (mid and Operated by the Miami Gas Company in Miami, Florida. Said prow, perty was purohased by us as of May 31, 1924, from Mr.'N. 8.' McCall, representing the Central Power & Light Oompaq of St. Louis, Missouri. During the progress of our negotiations with Mr, Yo.• Call, which oovered the latter part of the month of May, 1924, one of our gas engineers visited Miami for the purpose of in- specting the property and analysing certain plans for its im- provement, which had been under contemplation by Mr. McCall. This inspeotion by our engineer resulted in the material enlarge- ment of the plans whioh had been under di soussion and immediately upon our acquisition of the property we plaoed large orders for 0 additional gas plant faoilities and for the neoessary pipes, •-ci 0Cs valves and oonneotions required for the immediate extension of 0 V 330 mains and services. `' %'- , 0 cr‘?34 Believing that you will be interested in a list of the Igkl5Al2. isr .$tI ' • + i iietC mit aid riic s. iii*etimitiOttAthoi aosipisSoti.4t. ► grim, t rompoottally edhait tba foliotiing tieti . tnt 1*) : ,,r and materials already oh order, end tb) Igt<ipu►nt and MateriaW ordered upon completion of additional surveys now bei:ag sdsrtby :eti9 ' gas engineers• YOu will note that the total expenditures oonteispla ti for the ' yiar 1924 represent 4647,000. *«: 'LORIIL PPIP.BM & LIGHT oOMP Y ' aA8C AZ08 plaillinAMLUTEUQUILIaint. One 9 foot Water Gas Sat having a aapaoity of 2,300,000 au4 ftt of Gas per ds'. One Steam Turbine driven Air Blower for operating the above later Gas Seto One Washer Cooler complete with pooling coils and pumps, having a oapaoity of 2,000,000 ou. ft. of Gas per day. One Gas Meter of 3,650,000 ou. ft. of Gas per day capacity. 0ne Steel Tank Gas Holder of 1,000,000 ou. ft. of gas oapaoity, including an Oil Storage Tank having a oapaoity of 1,400,000 gallons. One 400 H.P. Water Tube Steam Boiler. Two 32 ft. Diameter by 12 ft. high Purifying Boxes of 3,000,000 ou. ft. of gas per day capacity. 0ne Steam Engine driven Gas Compressor having a capacity of - 3,650,000 au. ft. of gas per day. Purohase of additional land for Gas Plant, — Blook 32, Johnson and Waddell's Addition. 4,500 ft. of 16" Cast Iron Gas Main, inoluding pipe, fittings and valves. 9,500 " " 12" I1 It a a M M " a N 12,300 a " 10" a a a a a a N a a 6,900 a a ga a a a N a N a N a 8,200 " a 6" " a a a a a a N a 10,000 11 It 411 It N a N M M N a N 1,000 Gas Services, including pipe, fittings and cooks. I iY itiI1IVf •.. i� 1{fi • w cr CL 0 f.-44i gas Lt# Miami Additional wafts piping to oonneot new ecri Oapaoitt f 1r • HU Materiels for *lunges and_additions to buildings ta.,460018840te new egnipMint. Materials for ohanges and additions to present 8 ft. Water:4U set to increase ita,oapeoity. Elberialafor Mew Warehouse and Niter .!.:-..,.Additional 6" Gas Mains, inoluding pips, fitting* 844ltional 4" Gas Mains, inoluding pipe, fibbing' and. Bervioes, Regulators and Wert to serve netriibniniiiiiilW• Bodpment and Materials on order, . . estimated Oost installed .:44Ndpment and, Materials to be ordered,' Estimated Cost Installad • Total 1924 Extensions and. Improvements, Estimated Cost installed • • We believe and trust that you will look upon tbe taot that - we have prooeeded with the ordering of the materials and equipment necessary for more than doubling, during the present year, the pre sent oapaoity of the gas plant, and largely extending and improving its distribution system, without waiting until an adjustment of the present unsatisfactory franohise situation shall have been consuls - mated, as an evidence of our desire to promptly provide satisfactory service in Miami, and of our confidence that the citizens of will treat us with justice and consideration in franohise aad other matters necessary for our reasonable proteotion in providing and extending said gas service both now and in the future. Respectfully sub ted, FLORIDA PO SRI/r By .• ; fl ; *: • ; ; t • • .S: rt4tt loom** Inoht. I esm ose herewith' oertified r ox ah o entered on the lath day ofitaii 1U4 it' th4,04usiv0 Gribbel against the Yiamt dai. of .Mr. George W. '0°n4Y tirml,ni�4�g ' doors as reoeiver of that".o t0 the order, the court retain* Jurisdiction s oiiti ie: for the purpose of passing upon the a000unts of Mrs► Mpor`' receiver, it dare should be any difterenoes between him + d the oon,any. I do not understand that there are any ditterenOe but on a000unt of Mr. Moore t s illness a formal...Moment bas been made. This will be done in due oourse and a statetoent filed by the Miami Gas Company showing that Mr. Noose+s a000unts as reoeiver have been satisfaotorily made with that oompanr. For your information, Mr. Moores serviette as roost's* terminated on May 12th, 1924, the date of the enclosed order and he has had no supervision or management over the Miami Gas Company as receiver sine that date. ODB/bs 1 �na1. Poleat. MQ YT Z 10 QMr i JUL ...............,.,..... WAWA Yours truly, (Sg'd) Shutt' & Bowen per C. D. Bowen "SUPPORTIVE DOCUMENTS FOLLOW" X3alil MOW "SUPPORTIVE DOCUMENTS F MEE•doing business as , Jobn . J.. -.Griffin & Cpmpauy., Complainant, VS. MII<1I1 tii3 COYaY, a corporation, Defendsat• IIily Xx mesas [.qt i>a. ar 0ITY , COMMISSION Meetui of .JUL'2 9 1. .. . PiCBIVED-AND FILED Upon motion of Messrs. Kay, Adams & Ragland, solicitors for the complainant, and upon the showing made before the Court iauded and attached hereto, a copy of the aotion of the Board of Directors taken on Saturday, May loth, 1924, duly oertified, IT I3 CONSIDERED ORDERED, ADJUDGED AND DECREED: late That the bill in this cause be dismissed at the cost of the defendant; 2nds That George W. Moore, Esq., receiver of this Cause, be directed to account to and with Miami Gas Company as a part of the Restitution of the company as reoeiver of this company for his.aots and doings as such reoeiver and that the said Miami Gas Company shall within sixty (60) days from this date file in this cause a statement shoving a complete settlement and satisfactory °losing of the aoaounts of the reoeiver to and with said company; and in the event there are any differences between the Miami Gas Company, defendant herein, and the said reoeiver, the Court will adjudicate the same in due course, for which purpose only♦ this cause is re. tamed in oourt. Done and Ordered: this 12th day of NAY, .924, Rbydon M, Call, Jam, MUD STATES OP ANEMIA, Spy DISTRICT OP 911ORI tNITID STASIS IN AND POE 8 DISTRICT OF TIMM&. cth' COMMISSOni Meeting of •J 1 L..2 9.1924 , l.:L. RECEIVED AND F I, Edwin R. Williams, Clerk U. Sf, and for the Southern Distriot of Florida, and rite such- Pie =legal custodian of the records and files of said Court, do herby:. oertify that the foregoing is a true and correct Dopy of OBE , . . OF DISMISSAL, in the case of JOHN GRIBBE., doing business as -John J. Griffin & Company, vs. MIAMI GAS COMPANY, as the same appears.. of record in the records and files of this Court aforesaid under date of May 12th, 1924. Witness ray hand and the official seal of this Court thi s llth day of June A. D. 1924i► (Seal) Edwin R. Williams, Clerk U. S. Distriot Court By, Susan D. Williams Deputy Clerk. "SUPPORTIVE DOCUMENTS FOLLOW" c1 noMMrBS1OO mot JAN 2 2 1924 RECEr VED AND VLAN To the T?onorable Board 0 )iami, Fla. Dear Sirs: SUPPOR DOCUME FOLLO We are handing you herewith a statement; of.the:Ia ings of the Miami Gas Company for the years 1922 and 1923 to gather with a statement of the operating costs for the year 1923 which we will ask you to please examine in oonneotion with your, consideration of the proposed franchise for our oompaxly whioh is now before your body. These statements will show you what the earnings of our plant have been for the last two years. The seventy-five cents service charge which is called for by the new franchise is intended to cover an unavoidable waste and expense to the 'ompany Incident to keeping its plant in con- dition for Immo. ate service to all consumers and to the repairs of meters and every expense incident to keeping a supply of gas on hand read:; to be tapped at any moment. This is not a meter charge. We have undertaken to explain the purpose of this service charge in the franchise itself. The minimum charge of 11.00 per meter month has been eliminated, it being considered that a service charge to be paid by each consumer is a fairer method of the dis- tribution of the costs of service than the minimum charge would be. This service ch;:r;~ts Is being adopted in a great many of the ,sties of the co antry. I:i fact we are advised that similar charges are L"...iF. vv 14 G=11- u1.F: C;,—rMA,V7, �.t_i I1.7.4144ZLNt14.1 ur, E L4Ji ;; ::1 Ti0,407o1 64i 1.sL-0 1$1e0 ISAJ:31 L•t�:soxci r $i d ..c ,1;/130 i«:.f4.yk' ,?2r v' ;Jr.r niC:1_ .! eeOa$JAV easy :aria at ,>a. I'ilia. ''y:i «4 . 'f ,vri;n_II:o:' v ailI1 0 .1 r F!'7 `i:: eiiw's i t!t; ed$ IT/ Impel to 10 :tJ • ccr ri , :ira Fty ,r s: tg:e4 1.0 \ ..b 1i3 j 01044 authorised°by .gse' Compsniss `in thtrtyelghtetates: of Amon. ;e also eliminate all 'abarges for transferring and make no *large for the installation of ratters.. tt will be the purpose of our Company, if this fries!:': ohise should be adopted, to have the present receivership of the Company terminated just as soon as we can do so and oonap' with the formalities of legal proceedings. It is our purpose' to take steps immediately upon the adoption of the franohis towards a termination of the receivership so that the Corspa y eaa again be put back under the management of its owners. It is also the intention of the Ilas Company to extend its facilities to meet the demands of the large increasing population that has taken place since the Company was placed in the hands of the receiver. This will necessitate the borrowing of a large sum of !Honey which we will undertake go do. There are many subdi- visions in.:.:=Ami that are today demanding a suprly of gas but so long* as the Company is in the hands of the receiver we will be unable to meet the demand. furthermore, our present equipment is not adequate to meet this demand and it is our desire and purpose to purchase equipment to meet the demands of the city for the next ten years at least. "SUPPORTIVE DOCUMENTS FOLLOW" Very truly yours, g (7 Y� n �v TI n ��{ ,. x=r _-x. �i i-%4. x. wr. l:uFi 1/J7 Y4 tit ti ni% TO Iw. Mw y�Y *..�y y .. -- _ �'••�••.�•••�rr ,i 44,O lc .t._Lo 2 r8 V oo bre WO 4 ± r,i ;;a.Q7 J,sd 74711$10p ea teuti ;�s %off, ,.i:?.L IJ t 'aG : o ae80 s e.i�i:teS�.eXti% zK }41,14 ::JI?t,. . ev .:.dqq� spa vsiJ �.:� t-�` R I . ,�;t7t.njj;ov �: nt`:41�v '481u:4i bat Pui4 L rri7 'lr eel It bg4 .b7cc.01 zde nx hxoeex Zo ,41$ Z '4 ,Pa' 10 oil $1 ,Z) 61,1J ;.o ,Lee r;,.:gulrip eciu bn~ brieii eeez$AT .I" t ,a ,A 4[044a1,114 PPORTIVE DOCUMENTS glut FOLLOW't 4. NetAnrn. an 40 .tetict.i4s, . 4 .„„ LOU. oert tax ori iAaCtie proper *04*Mititltitl„ si% on 00 : - ita2. Stock ttpervinion fee, .„, .Vaivation- of Hozamili & i�koii1' '".• 6.0 of )Lay 1, '1.924 • . Inactive Capital, (Average value of Extensions and Betterments not in service) Total Value Percentage return on Total Value , AttotiOn.,Coat. Reproduiftion nevr. lose do- oteoi-ation, $1,364,637. 500,009. 21, 03i, 512. 41,864,637. 3.6% 4.0% 1:$7;1411 aci; rful es .WIA '431101% $t1VIDIC tmeasIsiO. Tid/-1-01, Ana', q.t.; evv.ot bite 31;unijXi eoct o uelleut) f0440 1c \tg3 ovu: 1.14q0.101 eez $441 '01/1so eriC1+ CV;::tW I.tQitoi,244 lei"; 10 eels* tt 1 .414C114Cia e"ollq4 041 or4; glf-T447440-*/ Z.4.4 .fra4.11411. *Pr tVirfkr3POD :t 11,r/W"& • @zei-Jap 5140.t u.Utt .144 0.1or,in,trie inooeivIo tnel #444..Z,E io 40 4 PICOO .etIN 4i3ft 4-440,rn0 511-7 J130 Mg": Nr ezOraX 444.$R4 44 Ci44J% IQ ib ,Q“ 0:41 Ca4i3 r%1/4•g fair' IC 1141Cif.: allxj 070'1 r •t4.t.retteu.ryBnt .-••• • Xeohi AuutmentWa T.TIV.0*tory Acoottolit. • .‘; „ . . . • " . - 0c40 • - •:7 • w. tuel Oil 65 mutt:tin, , br'Ji Meter suppii os ILATERIAL For Plant• MaAmtenanca 1644 :Insurance Unexpired I.? Deficit Account „ . Due Creditor* No;, Payable Accounts l'ayable •1)0.578.55 55650.88 CLA.3 Co. tRepresent- (im-: C:.1],ital Stock A/c less (Deficit Bonds issued Collateral Trust Rotes Accounts Payable C.41sumer Deposits Service Deposits Due C.)nsua,ers - alaancas Aocrued for intcrezt ando ,Acorued for interest P..yable Earned on old Acts - 1066,57 Loco int. P:lij urEwbe. 378 96 for h.311,11a13 &1-:eplacei.cents Acont .„1059890*. 166029443' 194;35 .06 4o060.00 :400.00 7967.401 35788.12 • 9450.00 773.42 4708.74 12482.35 387.61 43954.0 4364.82 i-:.SC21.'7'.! for DLtpr,t-oition 131„151.10 "SUPPORTIVE DOCUMENTS FOLLOW" 1059E90.32 PITY COMMISSION Meeting of JAN 2 2 1!124 RTICRI'VED AND Fl 61.11111W-ArOmwalownh „ 4Q RAT$ REv$ Gad Sales — Merchandise Sales Profits .. Miscellaneous Earnings OP t4TING 1 XPENS!9 Production Distribution — Maintenanos Truces and Insurance: Taxes on Plant Insurance on Plant Administration — TOTAL OPERATING EXPENSES — NET PROFIT FROM OPERATIONS OTHER INCOME CREDIT : Discounts Warned — OTHER CHARGES; Miscellaneous Interest — Interest on Monde Taxes Bad Debts — Amorti:zation of Bond Discount -* Provi.sionfof Renewals and Repluaemente .. Reserve for Depreoitttion NET DEFICIT FOR PERIOD.. Because of deficit, Sinking Fund requirement of txppropri<ztion of — oannbt be met. baoomo Above e•arninge b.eed =an charge of 41..90 per M. Cubto Feat of Gass, "SUPPORTIVE DOCUMENTS FOLLOW" The ;above 0%tement h}ts been compiled from by the 11IA3I GA1 Cri PAUY, tartan f rrm$ their for lira* Mitsui, *loriCsf JNowtry 17, 10d4. 13,936.62 10*8315.00.; 5,634.59 1,179.11 ,64.00 13, 503.41 43.870.16 i i date furnioho, Dookn of Aaou, t gJQ:3TW)1l ,tUDI? COWAN? ANY . By P. Robttrt U joetroM Q uv,ra, Corm ` "SUPPORTIVE DOCUMENTS FOLLOW" I.0,Ba1.a3 3.? gitainantiatatt tio3,00) 6, , ntbottlitit Boles at MIttoolleovioas *a tigailtajaapPNI PrOduOitiost • Diotribtalon iliantenn,noe- 'mei mud' inpurcuttist • . • es)tos On Maio innuranoe on PUNA tr ion TOTAL OPIMATIN UPRIONB VI? PROT!, PM* tiPlilt410S8 Sanalnat,Satant • . ' Disootapes *trued ..- 9"Iirlez ono noouo Intoralit ••• Intl:Iraq% on Etomin /IAA Debt* A4Nortiantiqn of Boni eisoour$ Provision fax Rone4mlo nerInciootrolo.. Rosariv., for Deproot3ticm NS? INCOUZ-. From N4% R4wollgs, 00icini; Natroitairos annuqi wproprintIon atio003.00 ktio r)v FA rn Ingo blood on nivItgit of - 81.00 in V. Cabin Tent of 1:14o* "SUPPORTIVE DOCUMENTS FOLLOW" 1111111111111111111115141 • 1 • W..: 4";',,,,,-Latirjtill 1 • •;."' • *1138,00 000•111 14004 •00 15.9311•31:3 ' • ' • - • The • e et:*teen* hat, been auwiled &OA fiAgi tural,whed Y the tuAux cal covitrft, sown trim 'Moir no*" o 4Aatiounil ror 1933• .JORMIll AUDIT MVO', By ? 'Robert ion was teakk Owned% • 41. WI et it,