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<br />INTRODVCTION <br /> <br />This addendum is based on procedures established for application of the <br />- Water Resources Council's Principles and Standards to implement studies <br />in process. <br /> <br />The Sedgwick-Sand Draws Watershed work plan was developed using 1975 <br />installation costs, a 5-7/8 percent discount rate, current normalized <br />prices for agricultural products and current prices for values other <br />than agricultural products in the evaluation of the project structural <br />measures. <br /> <br />Part 1 of this addendum shows the effect'of evaluating the structural <br />measures using current installation costs and the current discount rate. <br />It also shows a benefit-cost ratio with and without secondary benefits. <br /> <br />Part 2 of the addendum displays the effects of the selected plan as <br />evaluated for each of the separate accounts -- National Economic Deve- <br />lopment, Environmental Quality, Reqi~al Development, and Social Well- <br />Being. Values for costs, prices, and rates are those of the work plan. <br /> <br />Part 3 gL J;b'i! ~ad<Lendum gisQlal/s an_gl21;p;.'i!x..iAt..efL glt~I;..na tiy.e_J2l,gIL ggye- ~_.~ . <br />loped to emphasize environmental quality. Bases for costs, prices and <br />rates are those of the work plan. <br /> <br />December 1975 <br />