Laserfiche WebLink
<br />c. Should non-Federal interests elect to liquidate their share <br />of the first costs of the project by contributions in kind, the value <br />of such contributions should be subject to approval by the Chief of <br />Engineers. <br /> <br />d. The State of Colorado has furnished a supplementary letter of <br />intent relating to the optimum plan of recreation development, signifying <br />its willingness to assume the cost-sharing obligations for the project's <br />recreation and fish and wildlife enhancement functions, as required by <br />the Federal Water Project Recreation Act. This letter is attached to <br />this supplement. <br /> <br />6. <br /> <br />DISCUSSION <br /> <br />,I <br /> <br />The expanded plan of the Bureau of Outdoor Recreation to provide <br />for optimum recreation development at the Mount Carbon site would <br />require the acquisition of 756 acres of land specifically for recrea- <br />tion purposes, the purchase of 3,900 acre-feet of water for initial <br />filling of the recreation pools, and construction of recreation facili- <br />ties estimated to cost $1,269,000. The incremental cost of the <br />optimum recreation plan is $2,817,000. Thus, the estimated first <br />cost of the multiple-purpose project would increase from $29,800,000 <br />in the recommended plan, to $32,617,000. nle revised recreation plan <br />is consistent with State and regional plans for recreation development. <br /> <br />~tJ <br /> <br />7. CONCWSIONS <br /> <br />The increased annual economic costs of $229,900 reflected in the <br />optimum recreation plan would yield additional benefits to recreation <br />of $642,000 annually. Accordingly, the benefit-cost ratio of the <br />multiple-purpose project would increase from 2.2 to 2.3, reflecting <br />a slight increase in the economic justification of the project. <br /> <br />Attachment: <br />Letter of Intent <br /> <br />~\ <br /> <br />Ii, <br /> <br />16 <br />