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BOOK iUJ PAGE G A <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 />Mrfabar continued that the Phase H report presented to the Beach & Shore <br />Preservation Advisory Committee on June 21' recommends the use of the 1¢ option sales <br />tax, the tourist development tax, and pursuit of state grant funding. This will eliminate the <br />need for special assessments. <br />Commissioner Adams commented that this has been a very long process. At the <br />workshop last night (July 19, 1999) almost 100 people expressed their concerns for the <br />environment which this plan will address carefully and thoroughly. This is a very sound <br />financial policy to protect our assets. <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously approved the use of the 1¢ optional <br />sales tax, along with the tourist development tax and <br />state grant money for beach renourishment and <br />eliminated special assessments to beachfront <br />homeowners, as recommended by staff. <br />- The Chairman then recognized Mr. Irvin. <br />(CLERK'S NOTE: MR. IRVIN PRESENTED HIS COMN[ENTS RELATIVE TO <br />ITEM 9.B.3 AT THIS TE1IE) <br />Bibble Irvin commented that the workshop last night was well attended and noted <br />that Ft. Pierce residents felt their beach restoration process was a disaster. Mr. Irvin <br />JULY 209 1999 <br />-46- <br />• 0 <br />