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<br />DEPARTMENT OF THE ARMY <br /> <br />ALOUQUERQUE DISTRICT. CORPS OF ENGINEERS <br />~ . <br />P. O. BOX 1580 <br />ALBUQUERQUE. NEW MEXICO 87103 <br /> <br /> <br />SWAED-TG 29 ~brch 1977 <br /> <br />SUBJECT: Detailed Project Report on Investigations for Flood Control at <br />lIolly, Colorado <br /> <br />Division Engineer, Southwestern <br /> <br />1. In accordance with ER 1105-2-50, transmitted are 10 copies of the <br />subject report for review and approval. <br /> <br />L. The report haa been revised per comments in the 2d Ind to letter <br />SWAEIJ-TG, dated 5 August 1975, subject as above. l'he increased ~'ederal <br />participation under Section l33(b) of the Water Resources Act, approved <br />22 October 1976, allows the project sponsor to financially support II <br />project providing standard project flood protection. <br /> <br />3. The recommended project and all alternative plans studied and <br />presented in the report are based on a 6-3/8 percent interest rate. The <br />recommended plan of improvement shows an annual cost of $113,700; annual <br />benefits of $191,300; and a benefit-cost ratio of 1.68. The recommended <br />plan of improvement has been presented to local interests and received <br />their support. <br /> <br />4. The environmental assessment, prepared during the investigation, <br />indicated that the recommended project would not significantly affect <br />the quality of the human environment. Therefore, in lieu of an Environ- <br />'dental Impact Statement, a letter to interested agencies, organizations, <br />and citizens' groups was distributed inviting any comments, The letter <br />is presented in Appendix 8 of the report. Replies received to date <br />have concurred with this procedure. <br /> <br />S. Prior to revision of the report, the estimated amount of funds <br />required to prepare the plans and specificstions wss $34,000. To date, <br />~;25,OOO has been allocated to the District for this purpose. However, <br />approval to utilize $15,000 of these available funds was given to revise <br />and resubmit the report. The latest estimate of foods required to <br />prepare the plans and specifications is $40,000. Therefore, additional <br />estimated funds, an~unting to $30,000, will be required in order to' <br />complete the plans and specifications. <br />