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.-f1'- 1 DALLAS CREEK PROJECT Effect on State and Local Economy A. Effect on Ouray Co. property tax base 1. New project lands - 14,900 ac. new, 8,720 ac. suppl. 85% of ~his, pr approx. 14,000 ac. (equiv.) In Ouray Present assessed valuation of the 14,000 ac. 1/ Valuation aft~r project development: (a) Land Valuation - 14,000 ac. irrigated 11 '" (b) Improyements, equipment & livestock '" (c) Addit~onal homes to support 54 new fann units '" Valuation of project land after project development Net increased valuation of project lands in Ouray Co. 2. Land and property in and around Ridgway Reservoir 4200 ac. R.O.W. & 800 ac. in lakeshote lots. Present assessed valuation 11 Valuation after project - Lakeshore lots 11 Net increased valuation of Reservoir area Increased assessed valuation of Ouray Co. tax base B. Effect on local personal income 1. Increased net' farm income ~I 2. Increased agriculture generated local business 3. Reservoir recteation visitor's expenditures Total increased annual local income C. Impact on State and Local economy 1. Increased net farm income 2. Increased income by industries supporting farm production. 3. Increased income by indirect industries . stemming from farm production Total annual impact on Colorado and local economy from Dallas Creek Project ..1, (16,500 Co. 524,000 833,000 428.000 280,000 720,000 :-. ~ ac. new land equi v . ) $ 65,000 1.785,000 1,720,000 440,000 $2,160,000 1,239,000 .3,000,000 . 1,000.000 $5,239,000 , H,239,OOO .:.,.- :1,598,000 ~~~ :/,:~':C" (.:;t 15,439.000 $8,276,000 ';.'-. 1/ Based on 1966 puray County Abstract. ~I $1,385,000 from project lands less $146,000 from lands inundated by reservoir.