Orestimba Creek Feasibility Study - Stanislaus County
Orestimba Creek Feasibility Study - Stanislaus County
Orestimba Creek Feasibility Study - Stanislaus County
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Economics Appendix – Draft Report - <strong>Orestimba</strong> <strong>Creek</strong> <strong>Feasibility</strong> <strong>Study</strong>, <strong>Stanislaus</strong> <strong>County</strong>, California – September 2012<br />
few written records on historical floods in the cities of Patterson and Newman and in the<br />
predominantly agricultural lands of <strong>Stanislaus</strong> <strong>County</strong>. Property owners have taken care of their<br />
own flood damages without assistance from the Federal Emergency Management Agency.<br />
Therefore, the historical record is not a good reference point for baseline economic damages.<br />
Due to the relatively shallow depths of flooding, sandbagging and other flood-fighting methods<br />
have also helped to truncate damages incurred.<br />
1.4 Methodology (References and Methods Cited)<br />
This economic analysis is in accordance with standards, procedures, and guidance of the U.S.<br />
Army Corps of Engineers. The Planning Guidance Notebook (ER 1105-2-100, April 2000)<br />
serves as the primary source for evaluation methods of flood risk management studies and was<br />
used as reference for this analysis. Additional guidance for risk-based analysis was obtained<br />
from EM 1110-2-1619, Engineering and Design – Risk-Based Analysis for Flood Damage<br />
Reduction Studies (August 1996) and ER 1105-2-101, Planning Risk-Based Analysis of<br />
Hydrology/Hydraulics, Geotechnical Stability, and Economics in Flood Damage Reduction<br />
Studies (March 1996). Economic evaluation was performed over a 50-year period of analysis.<br />
All values are presented in October 2011 price levels, and amortization calculations are based on<br />
the Fiscal Year 2012 federal discount rate of 4.0 percent as published in Corps of Engineers<br />
Economic Guidance Memorandum (EGM).<br />
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