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r <br />annual erosion rates, and anticipated storm recession for a 15 -year design storm. <br />The average annual erosion rates over the past 11 years were computed along <br />the project sectors, based on the period of 198E to 1997. Table 1 presents a <br />summary of the characteristics of properties that front the beach nourishment <br />projects identified in the BPP and depicted in Figures 2 and 3. <br />2.2 CALCULATION OF STORM PROTECTION BENEFITS <br />The storm protection benefit received by an individual property, within an <br />identified project Area, is the expected reduction in land loss due to erosion and <br />the associated cost of tate land protected and the cost to build an erosion control <br />structure for storm protection or the costs of maintaining or repairing an existing <br />erasion control structure in the absence of the project. In the case of oceanfront <br />homes, and properties with upland improvements such as pools and cabanas, <br />which are not presently ,protected by a hardened structure (such as a seawall or <br />revetment) the distance from the mean high water line to the most seaward <br />structure was compared with tate expected erosion rates over 8 years and the <br />storm recession distance for a 15 year return period storm event, except for <br />Sector 7 where the storm recession distance for a five (5) -year return period <br />storm event and eight (8) years of erosion were applied. <br />The expected loss consists of tate discounted stream of future losses over a 30 - <br />year period. The extent of loss varies by reacts of shoreline according to the <br />erosion rates. Losses also consider land values, beach widths and distances <br />between buildings and the mean high water line. The dune erosion model <br />EDUNE was evaluated at four (4) beach profile locations on the Island, at the <br />locations shown in Table 2 based on established Florida Department of <br />Environmental Protection (FDEP) monuments. <br />