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<br />following cost data must be included: <br /> <br /> <br />A. Site acquisition. <br /> <br /> <br />B. Construction and engineering. <br /> <br /> <br />C. Fiscal and administrative. <br /> <br /> <br />D. Annual principal and interest payments (if debt financed). <br /> <br /> <br />E. Annual operation and maintenance. <br /> <br /> <br />F. Insurance. <br /> <br /> <br />A table reflecting the annual costs over the life of the improvement <br /> <br /> <br />will be constructed in Step 11. If debt financing is to be utilized, <br /> <br /> <br />the site acquisition and construction cost should be reduced by the <br /> <br /> <br />principal to be repaid over the term of the bonds and the cash outflow <br /> <br /> <br />of both principal and interest should be reflected in each year's cost. <br /> <br /> <br />Structure replacement costs should be included where applicable. The <br /> <br /> <br />table of costs will be converted to a present worth or an average annual <br /> <br /> <br />worth in Step 14. <br /> <br /> <br />Step 6 - Identify Benefits and Collect Supporting Data <br /> <br /> <br />Benefits include, but are not limited to, the following: [g] <br /> <br /> <br />A. Tangible Benefits <br /> <br /> <br />1. Direct Benefits: <br /> <br /> <br />a. Reduced flood damages. <br /> <br /> <br />b. Reduced probability of loss of life. <br /> <br /> <br />c. Land value enhancement. <br /> <br /> <br />2. Indirect or secondary Benefits: <br /> <br /> <br />a. Reduced traffic delay. <br /> <br /> <br />b. Open space and recreation benefits. <br /> <br /> <br />c. Reduced income loss. <br /> <br /> <br />d. Reduced production and sales loss. <br /> <br /> <br />e. Reduced roadway maintenance. <br /> <br />61 <br />