Economic considerations module: introduction | construction costs | operation and maintenance costs | safety and other liability risks | property value | recreational value | aesthetic value | ecological value | references | appendix

Appendix: Economic considerations worksheet

	REPAIR	REMOVAL
COSTS (See module for further guidance on the valuation of these categories)
1) Construction Costs are true costs and would always be entered as negative numbers.	Construction Costs =	Construction Costs =
2) Property Value is a potential cost because it may go up or down. If you estimate a net increase in value then enter a positive number. A net decrease in property value would be a negative number.	Net Change In Property Value =	Net Change In Property Value =
3) Safety and Other Liability Risks would all be entered as negative values.	Safety and Liability Costs =	Safety and Liability Costs =
4) Operation and Maintenance are true costs and would always be entered as negative numbers.	Operation and Maintenance =	Operation and Maintenance =
BENEFITS (See module for further guidance on the valuation of these categories).
1) Recreation Value would likely be either zero (no recreational uses) or positive (positive recreational value).	Recreation Value =	Recreation Value =
2) Aesthetic Value as considered here would be the positive value (large or small or zero) associated with each option.	Aesthetic Value =	Aesthetic Value =
3) Ecological Value would likely be either zero (no value) OR positive (some value)	Ecological Value =	Ecological Value =
SUBTOTALS Sum the items in both columns, keeping track of positive and negative numbers. The result will be a total which can be either positive (indicating a net positive benefit from that option) OR negative (indicating a net negative cost). Then, compare the totals for each option.	Total Estimate of Economic Considerations for the Repair Option =	Total Estimate of Economic Considerations for the Removal Option =
COST SUBTRACTIONS  Subtract from your cost total any donations, grants, or outside financial assistance that your community has secured. This subtraction will assure that your total truly represents the cost to your community.	Cost Subtraction = GRAND TOTAL FOR THE REPAIR OPTION =	Cost Subtraction = GRAND TOTAL FOR THE REMOVAL OPTION =

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