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<br />I- <br /> <br />o <br />0) <br />~ <br />o <br /> <br />The repayment ability of the farmers, based upon the above <br /> <br /> <br />amounts, is $19,890 per year for irrigated land and $ll,907 per <br /> <br /> <br />year for the dry land, ~ total of $31,797. <br /> <br />... <br /> <br />As a means of paying part of the project cost a conservancy <br /> <br />~ <br /> <br />district might be formed and a mill levy assessed against the <br /> <br /> <br />district for use in repaying the charges. The assessed valuation <br /> <br /> <br />of the property which might be incorporated in a conservancy <br /> <br /> <br />district was estimated to be $11,700,000 which, if taxed at one <br /> <br /> <br />mill, would gross $11,700 per yea.r. If 10 percent of this amount <br /> <br /> <br />is required for administrative purposes, a balance of $10,530 <br /> <br /> <br />would be available for repayment of project costs. Thus, the <br /> <br /> <br />total amount that can be expected for repayment by local in- <br /> <br /> <br />terests is $42,327 per year. <br /> <br />Flood Control Benefits. Average annual flood control bene- <br /> <br /> <br />fits of the Piedmont Bridge retention reservoir as determined by <br /> <br />the Corps of Engineers and itemized in its review report, are <br /> <br />shown in Table No.4. <br /> <br />Table No. 4 <br /> <br />. <br /> <br />Average Annual Flood Control Benefits <br /> <br />Annual Benefit <br />(1946 Basis) <br /> <br />Classification <br /> <br />Urban Area: <br /> <br />City of Trinidad <br /> <br />$45,540 <br /> <br />Tota.1 Urban Area <br /> <br />18,000 <br />$63,540 <br /> <br />Enhancement of property values <br /> <br />-19- <br />