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<br />. <br />(! <br />~ <br />"~ <br /> <br />;y;- <br /> <br />c <br /> <br />~ <br />~ <br /> <br />XVI <br /> <br />ECONCMIC EVALUATION <br /> <br />16-01 Definite proiect studies. An examination of the development in <br />the floodplain since the project document was published indicated that <br />conditions have not changed sufficiently to war~ant detailed field <br />investigations to determine the current value of eand improvements. <br />Property values and flood damages presented in th~ project document <br />have been adjusted to July 1968 price levels by application of ap- <br />propriate indexes. <br /> <br />16-02. Economic development. In the period 1920 to 1960 the rural <br />population of Bent County declined about 46 percent but the Las Animas <br />population increased about 51 percent at a steady rate. The 1960 census <br />indicates a population of 7,419 in the county and 3,402 in Las Animas. <br />Agriculture is the most important industry in Bent County, with crop <br />production and the livestock ind~try providing the chief source of in- <br />come. Croplands comprise about f20,OOO acres, of which 49 percent or <br />about 59,000 acres, is irrigated. Dry farmland is planted mostly to <br />winter wheat and grain sorghums and is highly productive under favorable <br />weather conditions. Recent construction in Las Animas consis~of a <br />nursing home with hospital wing costing $500,000; a power plant, <br />$500,000; and a school $750,000. <br /> <br />16-03. Value of property in the flood plain. The estimated value of <br />property and improvements in the area to be protected amounts to <br />$35,950,000 based on July 1968 prices. A detailed breakdown of the <br />values is given in table number 9. <br /> <br />49 <br />