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<br /> - <br />, PAGE 4-6 <br />. Project narrative that includes the following information: e <br /> 0 Description of the flood hazard/problem and objective of <br /> applicant's request. <br /> 0 Several approaches considered to meet the objective and <br /> the estimated budget for each. <br /> 0 Brief summary of applicant's decision-making process for <br /> choosing the preferred approach, including the cost of the <br /> approach relative to the anticipated effectiveness, the <br /> likely environmental effects of the approach and other . <br /> alternatives considered, and consistency with local <br /> objectives and existing mitigation plans for the area. <br /> 0 Itemized cost of the preferred approach. At a minimum, <br /> this shall include construction-related costs, such as land <br /> and structure acquisition-related costs; costs of <br /> consultants such as attorneys, planners, engineers, and <br /> surveyors; and annual maintenance costs in the case of <br /> beach nourishment. Maintenance costs shall include the <br /> projected cost of future nourishment to maintain the <br /> designed level of protection. All costs shall be adjusted <br /> to present value. e <br /> 0 Itemized list of expected benefits or outcomes of <br /> preferred approach and estimated dollar value, adjusted to <br /> present value. <br /> <br />o A description of the surrounding environment, including <br />type of land use (rural, residential, urban, etc.), identified <br />hazard areas (seismic, erosion, flood, high wind, etc.), and <br />the presence of known endangered species, wetlands, <br />historical structures or sites, archeological sites, and <br />hazardous materials. <br /> <br />o Proposed work schedule for preferred approach. <br /> <br />Ie <br /> <br />. <br /> <br />e <br /> <br />FEMA 299/AUGUST 1997 FLOOD MITIGATION ASSISTANCE (FMA) GUIDANCE <br />