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<br />. <br /> <br />. <br /> <br />. <br /> <br />COST EFFECTIVENESS <br /> <br />. Useful life ofthe project: <br /> <br />100 years <br /> <br />. Average annual maintenance cost: $250 <br /> <br />· Frequency of the flood event that was experienced: 50-year <br /> <br />· Estimated damages due to 1995 (50-year) flood event: $356,000 <br /> <br />· Estimated dollar amount of damage to be prevented: $206,000 for the 25 through 100- <br />year events. <br /> <br />· Justification to support damage estimates: See Section vn of the project report: <br /> <br />· Number of people protected by the proposed project: Approximately 75. <br /> <br />· Value of property to be protected by the proposed project: Approximately $1.2 million <br /> <br />Section VII of the project report includes a more detailed description of the cost effectiveness <br />information for the proposed project. A preliminary computer run performed by CWCB staff <br />(using FEMA's B/C ratio program) indicates a Benefit/Cost ratio of 1.46 for this project. <br />