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<br />the capacity with channelization. For example, the stream under study <br /> <br />has a capacity of 2,000 cfs. Channelization will increase that capacity <br /> <br />to 5,000 cfs--an increase of 3,000 cfs. The 100-year flood damages are <br /> <br />now the equivalent of (20,000-3,000) = 17,000 cfs, or $1,200,000. Flood <br /> <br />damages will also be reduced for the other recurrence intervals and can <br /> <br />be estimated by shifting 3,000 cfs on the peak discharge scale. A new <br /> <br />damage probability curve can be constructed and the equivalent annual <br /> <br />flood damage potential calculated for the channelization alternative. <br /> <br />If flood damages within the existing channel cannot be neglected, then <br /> <br />an overbank flood damage versus probability curve must be constructed <br /> <br />by subtracting the amount of the damage within the channel before this <br /> <br />procedure can be used. <br /> <br />Step 10 - Compute Flood Damages and Average Annual Flood Damage Poten- <br />tial for Alternatives <br /> <br />Repeat Steps 8 and 9 for each flood control alternative under <br /> <br />consideration. <br /> <br />Step 11 - Compute the Benefits for Each Flood Control Alternative <br /> <br /> <br />The reduction in the annual flood damage potential is the principle <br /> <br />bene6~ realized if the flood control improvement is constructed. The <br /> <br />average annual benefit is illustrated graphically in Figure 111-2 which <br /> <br />compares the damage probability curves of the future situation with the <br /> <br />curve for the first alternative. Quantify the other tangible benefits <br /> <br />identified in Step 6 and tabulate as in Table 111-7. <br /> <br />Step 12 - Compute the Costs of the Various Flood Control Alternatives <br /> <br /> <br />Costs considered in this step should include at least all of those listed <br /> <br />in Step S. Prepare a table that reflects end-of-the-year costs over the <br /> <br />project life. Such a table might resemble Table 111-8 which follows. <br /> <br />77 <br />