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JUSTIFICATION: The project will protect 157,250 acres of valley lands now subject to periodic inundation from
104,000 Supervision and Administration
177, 700 TOTAL
$3,000,000 CANYON RESERVOIR, TEXAS (Cont'd)
Funds requested for FY 1962 are considered to be the minimum amount required in order to meet the
Local interests are required to pay the .cost of the dam and reservoir allocated to water conservation and stream-flow regulation, and to hydroelectric power if power facilities are provided by local interests. The construction costs allocated to local interests shall be not less than $1,400,000, which amount shall be contributed by local interests during construction, and the remainder of the construction costs allocated to local interests shall be repaid with interest at the rate of 2-1/2 per cent per annum within fifty years. Local interests are also required to pay allocated portion of the operation and maintenance costs.
STATUS OF LOCAL COOPERATION: A formal contract with the Guadalupe-Blanco River Authority embodying the requirements of local cooperation was approved by the Chief of Engineers on 24 October 1957. The GBRA has contributed $700,000 to date.
CCUPARISON OF FEDERAL COST ESTIMATES: The current Federal cost estimate of $17,300,000 is an increase of $600,000 over the latest estimate ($16,700,000) submitted to Congress. The increase includes $184,000 for Lands and Damages based on a reanalysis of requirements; $146,000 based on price level rise; and $229,000 in Recreational Facilities and $68,000 in Supervision and Administration, both based on a reanalysis of requirements. These increases were partially offset by a net reduction of $27,000 in other features based on more detailed engineering studies and design.
JAPPROPRIATION TITLE: CONSTRUCTION GENERAL
CATION RESERVOIR, TEXAS
FISCAL YEARS 1961 & 19 6 2
30 JUNE 19 OUI FISCAL YEAR 1969 FISCAL YEAR 1962 (2)
COMPLETE 62 AFTER FY 19