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1999-187
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1999-187
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*0 <br />40 <br />11 <br />L <br />As an example, if the County elects to fund an average of $1,000,000 annually <br />from the local option sales tax, special assessments as a source of revenue are <br />proposed to fund the balance of $1,130,467 in remaining costs. If special <br />assessments are used to fund a portion of the project costs, the assessment <br />amounts are proposed to be based on the degree of storm protection benefits <br />received within the project Sector, excluding government owned lands which <br />would be paid from the County and State contributions. Examples of potential <br />special assessments are given in Chapter 5.5 of this report for property located in <br />each of the beach restoration project Sectors. <br />It is recommended that the County use State BECP funds, tourist development <br />tax funds and a portion of the local option sales tax funds to defray all project <br />costs attributable to recreational benefits and secondly, apply the balance of <br />these funds to pay costs attributable to storm protection benefits with the <br />remaining costs funded by special assessments. <br />WREPORTS/98980A08/14199 <br />GW11999/99.11.98980 [S-5 <br />
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