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<br />. ",;;\ <br />..:3;~') <br /> <br />. '.~' <br /> <br />Treatment of Cost of Affeoted Public Facilities <br /> <br />In addition to the statements contained in the May 1950 report by <br /> <br />the Benefits and ,Costs Subcommittee, Federal Inter-Agency River Basin <br /> <br />Committee, the impact projects and programs upon highway and looll.lroad <br /> <br />development should be given appropriate recognition. <br /> <br />Acquisition of Land and Improvements <br /> <br />, In ,addition to the statement in the May 1950 report of the Sub- <br /> <br />committee on Benefits and Costs, it should be noted that the market <br /> <br /> <br />price of land ~ill rarely reflect its value from the public viewpoint. <br /> <br />Benefits, if any, should be calculated on the basis of reduotionsin <br /> <br />productivity, due to the projeot in the same manner as positive pro- <br /> <br />ject benefits. Any excess of reduced productiv1tyover acquisition <br /> <br />costs should' be deducted /lS Jl' ,ne'gative benefit,., <br /> <br />The value of Federal ~ 'India'l1',or State lands included in, project <br />areas should be fully taken into account, in both costs and benefits, <br /> <br />in the same manner as privately owned lands. <br /> <br />Treatment of Taxes <br /> <br />The statement in the May 1950 report by the Subcommittee 'on Bene- <br /> <br />fits and Costs on this subject appears to be adequate~ <br /> <br />Displaced Facilities <br /> <br />The statement in May 1950 report by the Subcommittee on Benefits <br /> <br />and Costs appears to be an adequate treatment of this subject. <br /> <br />10 <br />