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OW b • Single family residential • Multi -family residential • Commercial property including tinieshares First, the costs attributed to public access and government lands are determined based on their relative benefit and funded from state grant revenues. Then, the costs associated with private property are determined. The costs associated with storm protection benefits to private property can be funded by two (2) sources of revenue, ad valorem taxes imposed within the project area (subject to the restrictions outlined in Section 5.0 of this report) or non -ad valorem assessments imposed within the area benefited. Special assessments to fund the costs associated with storm protection benefits were developed based on the degree of storm protection or loss prevention provided by the construction of the project ("Avoided Cost Method"). For example in Sector 3, the cost of the project is estimated at $2,926,000 and storm protection cost share has been determined to be approximately 32.5 percent. Thus, the approximate cost to be distributed among the oceanfront property owners as a storm protection assessment in $951,000 as shown in Table 20 and described in greater detail in Section 6.3. For this example, the project length is assumed to be 7,892 feet, It is important to understand that the final project length may differ as the final length ;gill be determined in the future during preparation of the Final Project Design and Engineering Phase and in the Permit(s) acquisition Phase. For the economic analysis detailed in this report the project limit was assumed to extend from 9620 Highway A1A at the north end to 8500 Highway A1A (Grand Harbor Beach Club) at the south end.