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<br /> <br />. <br /> <br />project, if such action is realized. The area which would be protected <br /> <br /> <br />consists of the entire urban area of Holly, Colorado, plus some adjacent <br /> <br /> <br />farmland. The total annual benefits accountable to the project equal <br /> <br /> <br />$107,100, all of which are classified as flood damage benefits. A de- <br /> <br />tailed discussion of benefits is presented in Appendix 3 entitled, <br /> <br />"Economics of the Selected Plan." <br /> <br />JUSTIFICATION <br />Comparisons of average annual benefits with average annual costs <br />are shown in the tabulation below for the plan of improvement. The <br />annual costs exclude all study costs. <br /> <br />~ <br />Annual Costs <br />Annual Benefits <br />Benefit-Cost Ratio <br /> <br />TOTAL <br />$ 54,580 <br />$107,100 <br />1.96 <br /> <br />DIVISION OF PLAN RESPONSIBILITIES <br /> <br />This section deals with the division of responsibilities between <br /> <br /> <br />the Federal Government and non-federal local interests in connection <br /> <br /> <br />with development of the proposed project. The procedures follow the <br /> <br /> <br />guidelines established for local cooperation in local flood control <br /> <br /> <br />projects, particularly as covered in Section 205 of the. Flood Control <br /> <br /> <br />Act of 1948, as amended. <br /> <br />. <br /> <br />35 <br />