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<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 />I <br />I <br />I <br />I <br />I <br />I <br /> <br />oalS!l <br /> <br /> Table 3-1 <br />Estimated Canopy and Brush Removal Costs <br /> by Land Category <br />Land Current Cost/Acre Annualized <br />Category (1985 Dollars) Cost/Acre <br />I $35.00 $3.00 <br />II 57.00 4.85 <br />III 95.00 8.10 <br /> <br />The second column of Table 3-1 is the estimated current cost per <br /> <br /> <br />acre for each clearing operation. The third column gives annualized <br /> <br /> <br />cost estimates over 50 years with an 8 3/8 percent discount rate. The <br /> <br /> <br />latter figures were used in adjusting preliminary repayment capacities <br /> <br /> <br />since they are also annualized. <br /> <br />It should be noted that the costs given in Table 3-1 do not <br /> <br /> <br />include costs for unskilled labor. This adjustment was made because <br /> <br /> <br />land clearing and preparation costs were assumed to be a construction <br /> <br /> <br />activity. The U.S. Water Resources Council (WRC) Principles and <br /> <br /> <br />Guidelines (1983) allow for the use of a zero opportunity cost for <br /> <br /> <br />unskilled labor in construction activities on water projects if the <br /> <br /> <br />project area is one of high unemployment. For purposes of this <br /> <br /> <br />analysis, it was assumed that the high unemployment assumption holds. <br /> <br /> <br />It should be noted that land leveling costs are not explicitly <br /> <br /> <br />addressed in either the Level A or Level B economic analyses. Any <br /> <br /> <br />such costs necessary to adapt an appropriate irrigation technology to <br /> <br /> <br />the contours of the parcel were considered in the agricultural <br /> <br /> <br />engineering analysis conducted by Boyle Engineering. <br /> <br />4 <br /> <br />l <br />