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<br />. <br /> <br />n~. ,...,:: <br />':;.1..) '<:haptor II.--Bonofit-cest a.n0.1ysis, Initio.l Dovolepnont <br /> <br />Tm ro 10.tionship botwoon IJ:l tion0.1 bonofi ts and cost s is Dost offoc- <br />tively oxprossod in tho fom cf o.n ovoral1 benefit-cost ratio. Project <br />benefits nay 00 dividod into two co.toGcrios--to.nf,iblo bonefits which co.n <br />bo ow.1uo.tod in J;lonoto.ry tel"l::s o.nd inta,1"iblo benefits to which 0. nono- <br />to.ry value cannot readily be o.ssif,nod. Only tanr,ib1e benofits aro in- <br />cludeu in the bono fit-cost ro.tio. The annual oquivnler.t Fodor:l.l cost <br />consists of tho an0rt izod not project invo stl:lDnt, which includes construc- <br />tion costs, plus intore st durinr; construction le ss pre sont worth of <br />torninnl salvaGo vo.luo, plus the o.nnuo.l oporation, ~o.intono.nco, and ro. <br />p10.ccnont charr,os. For tho nest pa.rt o.nnu0.1 bonofits refloct 1939-1941 <br />pricos a.s beinG cODpo.ro.blo to thoso lil,oly to prewil over 0. lonG poriod, <br />whoroo.s the Fedoral I'rojoot invostnont is bo.sod on July 19,,7 costs. i,s <br />tho lito of tho projoot foaturos is considorod to bo in oxcoss of 100 <br />yoars, tho poriod of o.no.lysis for cooputo.tion of tho bonofit-cost ro.tio <br />is to.kon as 100 yoo.r s. <br /> <br />TANGIBLE BENEFITS <br /> <br />. <br /> <br />Irrir,o.tion <br /> <br />Botwoon tho city of Pu~;'lo and tho John !.io.rtin Resorvoir, about 100 <br />niles bo1ow, g irri;:o.tion systoms divert wntor frot! the icrk:>nsas Rivor; <br />botwoon tho Jehn Llartin Roserveir and tho Color:>do-Kansas Sto.to lino <br />thoro are 9 irrir,ation systons. Excopt for tho John 1mrtin Rosorvoir, <br />which wus constructed b~' tho Corps of EnGinoors, 0.11 of thoso irrication <br />fC.cilitios wero dovolopod by privo.to ontoI"',)riso. Tho irrif,o.tion cor.1;Jo.nio S <br />sup~ly ~ost of thoir irrico.tors by diroct divorsions althOUGh thoy do <br />ho.vo storo.r;o riGhts o.l.luuntinc to 735,527 ncro-foot. Sorn of thoso stor- <br />aGo riGhts "-ro soldor.l fillod, hawover, bec:l.uso of lir.lito:] e:l.po.citios o.nd <br />~1opero.ti~o rosorvoirs. Prosont storo.co' c:l.po.city ef I'rivo.to rosorvoirs <br />alon[: tho .\rko.nso.s Rivor totals "bout 80,000 "cro-fcot for tho rosorvoirs <br />10c:l.tod :l.bovo Puoblo o.nd o.bout 300,000 o.cre~foot for thoso 10ca.ted below <br />that city. <br /> <br />Tho ostin:l.tod not incroo.so in vo.1uu of irriGation bonofits rosultinr, <br />fron the Initia.l Dovole;:>r.l01,t of tho projoct avcr thoso obt::>.ined in tho <br />o.re::>. a.t prosent aver::>.Ges ('2,830,000 :l.nnu::>.Uy. In nrrivinc nt this osti- <br />r.nto two GOl1ol'::>.l twes of bonofits rovo boen ovuluo.tod. Tho first is <br />conposod of bonofits o.risi'1G diroetly froLl tho r,rowinr, of nGricultural <br />;:>roducts a'1d tho second, fron tho ;:>l'ocossinG o.nd Llnrl<otinr, of furn pro- <br />ducts "nd the incroased 10e0.1 f::>.rn s::>.los "-nd o~endituros. <br /> <br />. <br /> <br />5 <br />