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<br />The total project cost of the recommended alternative for Montrose <br />rr <br />Arroyo is $2,289,000 and for Cedar Creek is $88,000. Using an interest <br />~ <br />"f,,'- <br />rate of 7-3/8% as set by the United States Water Resources Council ur the <br /> <br />formulation and evaluation of federal water resource projects durin!~ the <br /> <br />period of October 1, 1980 through September 30, 1981" and a project life <br /> <br />of 50 years, the average annual cost of the improvements for Montrose <br /> <br />Arroyo and Cedar Creek are $173,770 and $6,,680 respec:tively. <br /> <br />Benefit/Cost Ratios <br /> <br />By comparing average annual benefits with average annual project costs" <br />e..,-h.......-t.J <br />including $2,000 for annual operation and maintenance, costs, it is <br />^ <br /> <br />possible to obtain b/c ratios for the proposed improvements. <br /> <br />The benefit/cost ratio for the selected <br /> <br />$210,670 in average annual benefits <br />1. 20 or $17Y90 in average annual costs -- <br /> <br />On Cedar Creek, the benefit/cost ratio <br /> <br />plan for Montrose Arroyo is <br /> <br />l"S 2 49 $21,600 in average <br />-. or ';!C'OS 6S0 . <br />>i' 0, 1n average <br /> <br />~ <br /><;'" <br />annual '<3 <br />annua leo>/: <br /> <br />For both Montrose Arroyo and Cedar Creek, the benefits exceed the <br /> <br />costs. It would, therefore, be in the interest of the City of Montrose to <br /> <br />proceed with the selected Flood Control Plans as soon as possible. <br /> <br />..... - .'-."--~--,--.,.- - <br />