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<br />Economics: The most frequently cited reason for funding flood proofing was cost - it was <br />shown to be less expensive than other flood protection measures. In some cases, as in Fairfax <br />County, Virginia; Homewood, Illinois; and King County, Washington, studies of local flood <br />problem areas reviewed a variety of structural and nonstructural alternatives. Where flood <br />proofing was found to be the most economical solution, the community favored it instead of a <br />more expensive structural project. <br /> <br />Flood proofing is also less expensive than acquisition, especially where property values are <br />high. As shown in Figure 8, below, King County estimated that it could elevate eight homes <br />for the price of acquiring and relocating one. Part of this large difference in cost is due to <br />the high cost of housing in the Seattle area. <br /> <br />Two cautions must be noted. First, communities must remember that flood proofing does not <br />stop street and yard flooding. damage to infrastructure, traffic disruption and other problems <br />that accompany floods. Protecting buildings is often only one goal of a flood protection <br />program. Thus, using dollars only may not produce an accurate comparison. <br /> <br />Second, predicting the actual costs of projects in areas with little flood proofing experience <br />may be difficult. A homeowner may construct a project at a relatively small out-of-pocket <br />cost. The same project will cost substantially more if it is fully funded by a government <br />agency that pays for engineering design and prevailing wages for the contractor. For <br />example, the first bids received by Homewood, Illinois, were twice the original estimates. <br />This report includes the costs of the projects described to show the great range of prices in <br />different parts of the country. <br /> <br />Comprehensive Planning: Some communities have prepared comprehensive flood plain <br />management or flood damage reduction plans. During the planning process, they concluded <br />that flood proofing should be a part of the program, especially in isolated areas that won't be <br />protected by structural projects. The plan may recommend a variety of ways to implement <br />flood proofing projects, such as providing technical assistance and funding. <br /> <br />King County. Washington, <br />prepared such a comprehensive <br />plan. It includes preliminary <br />project recommendations for <br />over 120 flooding and erosion <br />problem sites in the County. <br />The plan looked at home <br />elevation along with other flood <br />protection measures, such as <br />retrofits of existing flood <br />control facilities, relocation of <br />homes, construction of new <br />flood or erosion control <br />facilities, and improved flood <br />hazard education and flood <br />warning. <br /> <br />Figure 8. Total Needs Identified in King County, <br />Washington's Flood Hazard Reduction Plan <br /> <br />Cost <br /> <br />One-time Cost Annual <br /> <br />Structural capital improvements $265,000,000 <br />Relocation and elevation <br />Elevate 168 houses <br />Acquire 234 houses <br />Acquire 113 mobile homes <br />Maintenance and monitoring <br />River planning <br />Flood hazard education <br />Warning and emergency response <br />Complaint response and enforcement <br />Interlocal coordination <br />Administration <br /> <br />4,000,000 <br />42,100,000 <br />7,300,000 <br />383,000 <br />4,850,000 <br />106,000 <br />97,000 <br />o <br />64,000 <br />o <br />$323,900,000 <br /> <br />$300,000 <br />240,000 <br /> <br />2,400,000 <br />o <br />15,000 <br />62,000 <br />216,000 <br />15,000 <br />150,000 <br />$3,398,000 <br /> <br />-15- <br />