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RESOLUTION NO. 2003- 018 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, URGING CONTINUED $30 MILLION <br /> ANNUAL BEACH MANAGEMENT FUNDING <br /> WHEREAS, Florida's number one tourist attraction is its beaches, and <br /> WHEREAS, beach-related tourism has a $41.6 billion impact on the state's economy, <br /> and <br /> WHEREAS, beaches contribute over $1 billion in tourist-related sales tax revenues <br /> annually, and <br /> WHEREAS, 442,000 jobs are created by beach-related tourism, with an $8 billion <br /> payroll resulting from additional spending related to Florida's beaches, and <br /> WHEREAS, over half of Florida's 825 miles of sandy beaches are experiencing <br /> erosion, with 333 miles designated by the Department of Environmental Protection as <br /> critically-eroded, and <br /> WHEREAS, the Florida Legislature, pursuant to Chapter 161, Florida Statutes, has <br /> declared beach erosion to be a serious threat to the economic and general welfare of the <br /> state and its residents; and has further declared it to be a necessary responsibility to <br /> preserve Florida's beaches and make provision for beach nourishment projects, and <br /> WHEREAS, the Florida Legislature, in 1998, pursuant to Sections 161.091, and <br /> 201.15 (11), Florida Statutes, provided that designated funding of $30 million annually shall <br /> be deposited in the Ecosystem Management and Restoration Trust Fund, and that <br /> documentary stamp tax revenues shall be the source of that funding, and <br /> WHEREAS, this $30 million allocation has enabled Florida to develop a consistent, <br /> adequately-funded, priority-driven long range management program to address critical <br /> erosion, and <br /> WHEREAS, this program represents a cost-effective intergovernmental partnership <br /> which leverages a dollar for dollar local government match, and up to 65% of the total project <br /> cost from federal sources, and <br /> WHEREAS, inasmuch as Indian River County has made a commitment to a beach <br /> restoration project and spent a great deal of time and revenue to bring such project to fruition, <br /> it would be an economic and operational hardship for Indian River County to lose the <br /> continuity of a continued dredging plan, <br /> NOW, THEREFORE, BE IT RESOLVED by the Indian River County Board of County <br /> Commissioners: <br />