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40 <br />4D <br />i <br />• <br />The Avoided Cost Method of calculating storm protection assessments is based <br />'r <br />upon the percent of storm protection benefit that is realized by each individual <br />property. In general, the storm protection benefit to a property is based on <br />structure vulnerability as determined by the erosion rate, the structure's distance <br />to the mean high water fine, and the presence or absence of an erosion control <br />structure. <br />For example, if there are a total of $1,000,000 in storm protection benefits for the <br />entire project area and $100,000 of those benefits are attributed to a specific <br />property owner, then that property owner (or condominium complex) would pay <br />ten (10) percent of the total storm protection assessment because the property <br />receives ten (10) percent of the total storm protection benefit. <br />In the case of Sector 3, there are a total of $951,000 in storm protection benefits <br />representing 32.5 peiceni of the total combined benefits. Of those benefits, for a <br />property owner (or condominium complex) with one (1) percent of the total storm <br />protection benefits, the property owner(s) would pay an assessment of $9.510. <br />6.2 SECTORS 1 AND 2 - SEBASTIAN INLET BEACH AND AM13E.RSAND <br />BEACH <br />In Sectors 1 and 2, the total storm protection benefits accruing to beachfront <br />property owners totals $6,205,720 and the recreational benefits accruing to <br />beach users totals $4,780,920. Therefore, storm protection benefits account for <br />56.5 percent of the total benefits and recreational benefits account for <br />43.5 percent of the total sector benefits. Applying these percentages to the <br />initial nourishment cost of $5,390,000 for these sectors results in $3,044,000 in <br />costs related to storm protection and $2,.346,000 in costs related to recreational <br />