Laserfiche WebLink
<br />CJ <br />:-.....) <br />....~ <br /> <br />The increase in crop income as shown by the above table is <br /> <br />$14.64 per acre. With 6,488 acres supplied water by the project the <br /> <br />total increase in crop income resulting from the project would be <br /> <br />$94,980 per year. <br /> <br />Benefits of Water Supplj' - Rifle Citj' <br /> <br />As previously discussed P.i'fle City win be provided 1,000 acre- <br /> <br />feet of water by the project. This will be made available from <br /> <br />storage in Rifle Gap Reservoir. The designed active capacity of the <br /> <br />reservoir being 9,000 acre-feet, the repayment allocation of cost <br /> <br />chargeable to the City has been figured at 1/9 the cost of the project. <br /> <br />Therefore, the value of such water is estimated to be $138,000 over <br /> <br />40 years and $3,450 benefit should be added to the irrigation annual <br /> <br />benefit of the project. <br /> <br />Summar.y of National Benefits and Costs <br /> <br />The annual national benefits and costs of the project as discussed <br /> <br />in preceding paragraphs are suromari~ed as follows: <br /> <br />Annual Evaluated Benefits <br /> <br />Irrigation of project lands (6,488 acres with <br />increase in income of $14.64 per acre) <br />Water supply benefits to Rifle City <br /> <br />$ 94,980 <br />3,450 <br /> <br />Total measurable benefits from project <br /> <br />$ 98,430 <br /> <br />Annual Cost* <br /> <br />Operation and maintenance of project works <br />Amortization of project capital cost in 50 years <br />at 3% interest <br /> <br />~ 2,600 <br /> <br />48,100 <br /> <br />Total Ar~ual Cost of Project <br /> <br />$ 50,700 <br /> <br />Ratio of benefit to cost - 1.94 to 1 <br /> <br />*Annual cost is based on Januar.y 1940 prices. <br />