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• to M e Executive Summery In July 1998, the Indian River County Board of Canty Commissioners authorized Applied Technology and Management, Inc., to undertake economic studies and funding analyses to formulate alternative plans to finance the costs of the County's Beach Preservation Plan (BPP). This work was to be performed in two phases. The Phase I economic studies and alternative funding analyses are presented in a report titled "Beach Preservation Plan - Economic Analysis and Cost Allocation Plan" (ATM, 1998). The purpose of the Phase I economic work was to examine the economic viability of beach restoration along five (5) planning sectors of the County's shoreline, analyze storm protection and land loss benefits, compile summer recreational beach use benefits and identify alternative sources of revenue to fund the County's BPP. This report quantifies the benefits to be derived by individual beneficiary groups over a 30 -year project horizon. Thie rannrt ronmecnte the work product for Phase II The f Vha 04.aGe n ..r......., r ......... .... r.......... v purpose v: u:c : Haat U studies is to compile new winter recreational beach use data, revise the annual recreational benefits and formulate ret:,"—ended funding sources -1 u ,. financing plan. This report includes supplemental work to determine the value of the County's winter recreational beach use and the costs associated with an extension to the beach restoration project in Sector 3. Recreational Benefit The total recreational value of the County's beaches to an individual is estimated as the average value of a day at the beach multiplied by the number of days spent on average at the beach. To determine the recreational benefits associated with the projects identified in the BPP, a beach user survey was conducted to ascertain the characteristics of beach users on the Indian River County beaches during summer and winter months. These surveys were M/REPORTS/98980A08114199 ES -1 GW11999199.11.98980