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<br />I <br /> <br />I <br />Ie <br /> <br />the 1970 curves. In determining damages, a typical house was considered <br /> <br />to be a small, ranch with approximately 1,000 square feet of living space <br /> <br />and no basement. The house was considered to have a market value of <br /> <br />I <br /> <br />$27,000 and a lot value of $3,000. The contents of the house was set at <br /> <br />$8,000. <br /> <br />I <br /> <br />A study on South Lakewood Gulch done in 1977 (Wright-McLaughlin, <br /> <br />I <br /> <br />July, 1977) used the January 21, 1974 FIA depth-damage tables. The tables <br /> <br />were used for structure damage and content damage to residential and <br /> <br />I <br /> <br />commercial structures. The market valuation of structures was developed <br /> <br />from Jefferson County current assessment records. The value of contents <br /> <br />'I <br /> <br />in private residences was assumed to be 30% of the total market value of <br /> <br />the structure. <br /> <br />I <br /> <br />Probably the most recent study done for the UD&FCD, on Weir Gulch <br /> <br />I. <br /> <br />Tributaries, used the methodology contained within "Urban Drainage and <br /> <br />Flood Control Projects, Economic, Legal, and Financial Aspects" (Grigg, <br /> <br />I <br /> <br />et aI, July, 1975) and '~ethodology for Evaluation of Feasibility; Multi- <br /> <br />I <br /> <br />jurisdictional Urban Drainage and Flood Control Projects" (UD&FCD, February, <br /> <br />1977) . <br /> <br />I <br /> <br />On all of the streams mentioned in this section, plus some others in <br /> <br />the metropolitan area, the UD&FCD should have average annual flood loss <br /> <br />I <br />I <br /> <br />calculations for both existing conditions and proposed improved conditions. <br /> <br />I <br /> <br />I. <br />I <br /> <br />80 <br /> <br />I <br /> <br />"; <br />