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<br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />construction activity maybe subject to regulation by the COE. The Board of Directors <br />. . <br />has reviewed the issues pertaining to the 404 permitting and preliminarily determined <br />that no permit is necessary to perform the upstream slope repair project. It is noted <br />that for options not involving flattening the dam, it is probable that the project could fall <br />under the maintenance exemption of Section 323.4(a)(2) Maintenance, or under <br />Nationwide Permit No. 3 Maintenance. Additional exemptions or Nationwide Permits <br />may also apply. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Social and PhvsicallmDacts of the Proiect <br /> <br />. The potential sociological impact of constructing a project is minimal. The <br />proposed repair project maintains the regional existence of the dam and irrigated lands. <br />By not performing the project, or by providing a reduced level of water storage, there <br />are adverse imp~cts such as reduction of irrigation w.ater supplies to Jackson Lake <br />Reservoir water users, which would be expected to reduce crop yields and farm income. <br />Adverse impact also occurs to the recreational use at Jackson Lake State Park, 'i"hereby <br />a reduced or eliminated water storage level will reduce or eliminate the recreational <br />value of the park, translating to decreased park revenue, decreased local spending from <br />the recreational users of the park, and possible layoff at, or closure of, the park. <br /> <br />Proiect Beneficiaries <br /> <br />Project beneficiaries include Company shareholders, represented by hundreds of <br />people through direct stotk ownership and by ownership in one or more of the several <br />ditch companies representing majority ownership of the Company, CDPOR staff <br />employed at the Jackson Lake State Park, and thousands of recreational users of the <br />Jackson Lake State Park. Recreational uses at the park include swimming, boating, <br />camping, hunting, and wildlife viewing, <br /> <br />Benefit-Cost Analysis <br />Based upon the previously described comparison of the net value of crops <br />produced on land irrigated with Jackson Lake Reservoir water versus dry land <br />agriculture, the annual benefit of irrigated agriculture is $363,100. Costs associated <br /> <br />45 <br />