Laserfiche WebLink
4D <br />r <br />0 <br />C] <br />cost share to private property owners is approximately $891,600. For private <br />property, using the Avoided Cost Method of calculating assessments, a property <br />with one (1) percent of the total private property share of the storm protection <br />benefits would pay a total assessment of $9,510. <br />Recreational Benefit Cost Allocation <br />In Sector 3, recreational benefit related project costs paid alternatively by the <br />tourist development tax, state, and County funds are grouped according to the <br />beneficiary group category. Overnight tourists were determined to receive 28.9 <br />percent of the total recreational benefits, which represents a 19.5 percent share <br />of the total benefit (including storm protection and recreational 'benefits). The <br />project related costs ascribed to the category of overnight tourist (TOT) is <br />determined by multiplying the relative percent of the total combined benefit (19.5 <br />percent) by the total project cost ($2,928,000) or $571,600. Similarly, the <br />remaining four (4) recreational beneficiary groups categories were adjusted to <br />reflect their relative share of the total project benefit Mote that the percent <br />values listed in the tables multiplied by the total cost will not equal the values <br />shown due to rounding. <br />Alternative revenue sources that are identified in Table 20 to pay the cost share <br />for each beneficiary group are shown in relation to their share of the total project <br />costs for Sector 3. A break -down of costs associated with (1) public access <br />properties ($59,100) related to storm protection benefits, (2) County recreational <br />beach use (31.9 percent or $891,600) ascribed to County resident recreational <br />benefits, (3) overnight and (4) day tourists are summarized to evaluate the <br />potential for total payment using state, local and tourist development tax funds. <br />