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<br /> <br />28,700 <br /> <br /> <br />> <br /> <br />The initial net annual monetary benefits attributed to recreation at <br />Narrows Reservoir are estimated to be $1,162,500. This figure is <br />based upon the estimated 930,000 annual visitor days multiplied by <br />a market value factor of $1.25 per visitor day. Using this same <br />approach, the net annual monetary benefits attributed to the ultimate <br />development would be $1,531,250 or rounded to $1,531,000. <br /> <br />Summary of Estimated Costs and Monetary Benefits <br /> <br />.ll!! <br />Recreation Development Costs <br /> <br />Calculated Annual Costs <br /> <br />Initial <br />$1,145,000 11 <br />25,300 <br />482,500 11 <br /> <br />Ultimate <br /> <br />$ 1/ <br />1,300,000 - <br /> <br />Additional Land Cost (2,810 acres) <br /> <br />Net Annual A~ Costs <br />(Non-Federal) <br /> <br />114,500 <br />1,162,500 <br /> <br />130,000 <br />1,531,000 <br /> <br />Net Annual Monetary Benefits <br /> <br />, <br /> <br />11 Does not include 20 % contingencies and 26 % indirects. <br /> <br />. <br /> <br />/) .1)/ <br />" "';-( (Ii! !(Al...'(~tfi-<., . <br />I \".,L.L, ' <br />'ill W. Dean <br /> <br />In duplicate <br /> <br />; <br /> <br />cc: <br />Regional Director, BOR, Mid-Continent Region, Denver, Colorado <br />Regional Director, BSF&W, Albuquerque, New Mexico <br />Field Supervisor, River Basin Studies, BSF&W, Denver, Colorado <br /> <br />. <br /> <br />. <br />