NON-FEDERAL COST: In accordance with the cost sharing and financing concepts reflected in the Water Resources Development Act of 1986, as amended, the non-Federal sponsor must comply with the requirements listed below: Requirements of Local Cooperation Stage 1 Payments During Construction and Reimbursements Annual Operation, Maintenance, and Replacement Costs Provide lands, easements, rights-of-way, relocations and dredged material disposal areas. Pay 10 percent of the costs allocated to the general navigation feature of the inland harbor construction for a depth not in excess of 20 feet. Reimburse an additional 10 percent of the costs allocated to the general navigation feature of the inland harbor construction for a depth not in excess of 20 feet within a period of 30 years following completion of construction (which is partially offset by a credit for the value of lands, easements, rights-ofway, relocations (except utility relocations), and dredged material disposal areas. Pay all costs associated with berthing area, fleeting area, industrial fill, land enhancement associated with the industrial fill, widening of the main line levee, alteration of the main line levee berm, and bear all costs of operation, mainteand replacement of the berthing area, fleeting area, industrial fill, harbor protection levee, and main line levee berm. nance, Sub-Total Non-Federal Costs, Stage 1 Requirements of Local Cooperation Stage 2 Provide lands, easements, rights-of-way, relocations and dredged material disposal areas. Payments During Annual Operation, Maintenance, and Replacement Costs Pay 10 percent of the costs allocated to the general navigation feature of the inland harbor construction for a depth not in excess of 20 feet. Reimburse an additional 10 percent of the costs allocated to the general navigation feature of the inland harbor construction for a depth not in excess of 20 feet within a period of 30 years following completion of construction (which is partially offset by a credit for the value of lands, easements, rights-of-way, relocations, except utility relocations), and dredged material disposal areas. Pay all costs associated with berthing area, industrial area, and bear all maintenance, and replacement of the berthing area, main line levee and main line levee berm. Sub-Total Non-Federal Costs, Stage 2 Total Non-Federal Costs The non-Federal sponsor is the Helena-West Helena, Phillips County Port Authority, an agency STATUS OF LOCAL COOPERATION: The Local Cooperation Agreement was executed on 12 July 1989. of Arkansas. The Port Authority has completed acquisition of Right of entry for the first three construction items has been received. the remaining right of way requirements and will furnish the right-of-way for remaining items consistent with the The current non-Federal cost estimate of $7,700,000 for Stage 1 is a decrease of $1,036,000 from construction schedule. that noted in the Local Cooperation Agreement, which included a cash contribution of $2,150,000 payable during the period $850,000 payable upon completion or within a 30 year period of construction and an additional cash contribution of sponsors's financial capability to participate in the project following construction. affirms that the sponsor has a reasonable and implementable plan for meeting its financial commitment. Our analysis of the non-Federal COMPARISON OF FEDERAL COST ESTIMATES: The current Federal cost estimate of $34,000,000 is an increase of $200,000 from the latest estimate ($33,800,000) presented to Congress (FY 1992). This change includes the following item. STATUS OF ENVIRONMENTAL IMPACT STATEMENT: The final Environmental Impact Statement was filed with the Environmental OTHER INFORMATION: Funds to initiate preconstruction engineering and design and construction were appropriated in FY 1988. APPROPRIATION TITLE: Flood Control, Mississippi River and Tributaries, AR, IL, KY, LA, MS, MO, and TN - Construction PROJECT: St. Francis Basin, Arkansas and Missouri (Continuing) LOCATION: The project is located in the St. Francis Basin in southeastern Missouri and northeastern Arkansas, and extends DESCRIPTION: The project provides for protection against headwater floods by means of a detention reservoir at Wappapello, MO, improvement of the flood-carrying capacities of the St. Francis and Little Rivers and their principal tributaries by means of levees, channel improvements, new channels, auxiliary channels, and floodways, including the main ditches in the Little River Basin. Protection against backwater flooding of the Mississippi River is provided by realignment of the St. Francis River channel supplemented with auxiliary channels, levee construction, and a pumping plant and floodgate. All work is programmed. AUTHORIZATION: Flood Control Acts of 1928, 1936, 1938, 1941, 1944, 1946, 1950, 1958, 1965, and 1968 and Water Resources REMAINING BENEFIT - REMAINING COST RATIO: 2.9 to 1 at 2-1/2 percent. TOTAL BENEFIT - COST RATIO: 3.5 to 1 at 2-1/2 percent. INITIAL BENEFIT - COST RATIO: This project feature was authorized in Fiscal Year 1928 and initial construction funds were provided in Fiscal Year 1938. The authorized comprehensive review of the Mississippi River and Tributaries project, contained in House Document 308/88/2, as updated to reflect 1965 conditions and price levels, is considered to be the base estimate for the project. The benefit-cost ratio for the St. Francis Basin components computed for the base estimate was 2.4 to 1. Benefits are from the latest available evaluation approved in July 1985 at 1983 price |