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<br />. <br /> <br />$529,000 for the channel improvements into Upper Lowry Dam, and <br /> <br /> <br />$6,665,000 for downstream channel and drainage improvements. <br /> <br /> <br />Under the president's proposed new policy, the State of Colorado <br /> <br /> <br />would be required to provide a cash contribution equal to 5 <br /> <br /> <br />percent of the construction costs for Upper Lowry Dam and the <br /> <br /> <br />improvement to Kelly Road Dam, and non-Federal interests would be <br /> <br /> <br />required to provide an additional 20 percent. The above Federal <br /> <br /> <br />costs would be reduced by these amounts which are presently <br /> <br />estimated at $337,000 for the State and $l,347,OOO for <br /> <br /> <br />non-Federal interests. <br /> <br />The plan as proposed is economically justifiable with a <br /> <br /> <br />benefit-cost ratio of l.6 and represents the most logical <br /> <br /> <br />solution evaluated on the basis of benefits, engineer.ing feasi- <br /> <br /> <br />bility, local acceptability, and environmental effects. The <br /> <br /> <br />evaluations identify no significant adverse social, economic, or <br /> <br /> <br />environmental effects. <br /> <br />Recommendations <br /> <br />The President, in his June 1978 water policy message to <br /> <br /> <br />Congress, proposed several changes in cost-sharing for water <br /> <br /> <br />resources projects to allow States to participate more actively <br /> <br />in project implementation decisions and to equalize cost-sharing <br /> <br /> <br />between structural and nonstructural flood damage prevention <br /> <br /> <br />projects. These changes include a cash contribution from bene- <br /> <br /> <br />fiting States of 5 percent of the first costs of construction <br /> <br />75 <br /> <br />. <br />