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<br />~ <br /> <br />O~1214 <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />. <br /> <br />these benefits would be significant and widespread. The improvement in <br />agricultural economy would also have a marked influence in stabilizing <br />the population and income of the City of Trinidad and surrounding area. <br />37. Allocation of costs. - Based on preliminary designs and estimates <br />prepared by the Corps of Engineers, estimated construction cost of the <br />Trinidad Reservoir is $l7,000,000. The construction cost has been allo- <br />cated to the purposes of irrigation and flood control in accordance with <br />the separable costs--remaining benefits method of cost allocation. The <br />share of the cost allocated to irrigation would be $8,732,000 and to flood <br />control ~8,268,000. The estimated annual oosts for operation, maintenance <br />and replacement reserve total ~22,000. This cost has been allocated to <br />the two purposes in accordance with the use of reservoir capacity, that <br />is 55,000 acre-feet to irrigatioc. and 46,700 acre-feet to' flood control. <br />The allocated annual cost are: irrigation $12,000 and flood control <br />~lO,OOO. Over a 75-year period of analysis and interest rate of 2-1/2 <br />percent, which is representative of the going Federal rate, the annual <br />direct irrigation benefits are sufficient to support the annual and cap- <br />ital costs allocable to irrigation. <br />38. Payment capacity. - After allowance for adequate faluly living <br />and opportunity for accumulation of equity in farm lands and improvements, <br />