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<br />. <br /> <br />. <br /> <br />^tl:achment <br />to Revisions <br /> <br />ECONOMIC EVALUATION PROCEDURES <br /> <br />PH^S 1-; I I <br /> <br />CACHE LA POUDRE PROJECT STUDY <br /> <br />Introduction <br /> <br />The economic evaluations to be performed in phase II shall <br />\ <br />be accomplished in accordance with the procedure specified <br />herein. Methodologies and assumptions different from those <br />specified in these procedures may be employed only if approved in <br />advance in writing by the Colorado Water Conservation Board. <br /> <br />Evaluation Criteria <br /> <br />Two evaluation criteria will be employed; <br /> <br />1 , <br /> <br />Net direct economic~it--the 1982 discounted present <br />value of all direc~lbenefits (whomsoever they would <br />accrue) which would result from implementation of a <br />particular alternative, less the discounted present <br />value of all direct costs (~meve-r they ''''0'11 d <br />. <br /> <br />aCQr\;le). 'l'his criterion provides a measure of the <br /> <br /> <br />degree to which the alternatives under study would <br /> <br /> <br />further the economic well-being, Qf toRe flati.:.... <br /> <br />2, Benefit-cost ratio--the ratio of the present value of <br /> <br /> <br />project benefits, less associated costs, to project <br /> <br />costs. This criterion provides a measure of the <br /> <br />222 <br />