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<br />there appears to be very little likelihood of renegotiating contracts to . <br />fully repDamay the $lbui,J81t2,600Fur, Wthhich wou;-~~e alloca1tulaed :~ irri~abtion }ft d . <br />Braziel were . er, pre r>.ary ca c .....ons 0.. ene...1. s an <br />their comparison with costs indioates a benefit-cost ratio of only <br />0.42:1.00. <br /> <br />In view of the repayment problem and' the laok of economic justi- <br />fioation, I conour in the reoommendation of the Regional Director that the <br />Braziel Dam and Reservoir not be authorized for construction at this time <br />ancl that this question be left open for consideration in the future, if <br />at that time the economic needs of the Nation, further information on the <br />project or other developments justifY such reoonsideration. <br /> <br />Acoordingly, I recommend that you approve and adopt the attaohed <br />report r.s your proposed report on the Braziel Dam and Reservoir,. Uebraska, <br />and that you authorize me in your behalf to obtain the oomments of the <br />States of the Platte River Basin and of U16 agenoies represented on the <br />Federal Inter-Agency River Basin Committee. Upon receipt of these comments, <br />the report will be resubmitted to you for transmittal to. the President <br />and subsequently to the Congress. <br /> <br />Respectfully, <br /> <br />/s/ Michael W. Stra.us <br />Commissioner <br /> <br />. <br /> <br />A ttachinent <br /> <br />Approved and Adopted: March 12, 1952 <br /> <br />/s/ Oscar L. Chapman <br />Secretary of the Interior <br /> <br />Interior--Dup1icating Section, WaShington, D. C. 16269 <br /> <br />. <br />