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<br />I <br /> <br />I <br />Ie <br /> <br />Studies", held in Sacramento, California on October 2 and 3, 1969. The <br /> <br />relationships are presented on page 35. <br /> <br />~e Galveston District has developed the most comprehensive curves <br /> <br />I <br /> <br />of all the Corps Districts contacted. Depth-damage data was developed <br /> <br />for residential structures and residential contents for seven different <br /> <br />I <br />I <br /> <br />categories of residential construction all without basements. Whole property <br /> <br />values and incremental property damage values are based on current market <br /> <br />values and not replacement costs. Salvage values of property damaged <br /> <br />I <br /> <br />was incorporated in the depth-damage relationships. The market values are <br /> <br />determined from reconnaissance type appraisals in the field. Realtors and <br /> <br />I <br /> <br />tax offices are checked for recent sales of housing in the study areas. <br /> <br />I <br /> <br />Land values are not included in the damage analysis. The relationships are <br /> <br />shown on pages 36 & 37. Their data, from about 1,000 field samples indicateci <br /> <br />Ie <br /> <br />that the differences in depth-damage relationships for wood frame structures <br /> <br />on piers and brick veneer structures on slabs were not significant. <br /> <br />I <br /> <br />The Galveston District uses 50% of the structure value as the average <br /> <br />I <br /> <br />value of contents for residential structures. This assumption was based <br /> <br />upon their 1,000 field samples. <br /> <br />I <br /> <br />The Galveston District has also developed depth-damage relationships for <br /> <br />146 different commercial property types. Separate relationships were developed <br /> <br />I <br /> <br />for structure, equipment, and inventory. The relationships were developed <br /> <br />I <br /> <br />from surveys taken in 1964 and 1965. Since that time, spot samples have been <br /> <br />taken to update and verify the relationships. The market value for the struc- <br /> <br />I <br /> <br />tures is assumed to be equivalent to the value of a similar property recently <br /> <br />sold, The market value of equipment is assumed to be 65% of the original <br /> <br />~ <br />I <br /> <br />cost or the average value for the life of the equipment. The wholesale value <br /> <br />I <br /> <br />34 <br />