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<br />OteroCowlly <br />5. <br /> <br />PageS <br />Fmim!lte tile annuli.! m!\jnteN~ c.osts: SJOOO <br /> <br />'1J6/2fXJZ <br /> <br />. <br /> <br />Discussion: We looked up tbe COllUty Anessors market value of the improvemeDts OD tbe <br />property ill the project areas and compared it with the cost of the project. <br /> <br />7. The required benefit/cost calculation: BeIleDt 53.7 mlUioa J: 10 % .. 37O,OOO1Cost 5164,000" <br />1.411 table is attaelled after part 13 at tab Xl <br />B. Describe Damage Caused By Current! Previous Disaster and Potential for Future Damage, <br /> <br />6, <br /> <br />Current!Previous Damage Description: During tile 1999 flood, the water was 1 to 3 reet deep <br />in tIlese flooding areas,csusing residents aDd businesses to be evaClUlted from tbe area. <br />The buildings and publie inftastrueture reeeived structural aDd other damaged. <br /> <br />Potential for Future Damage: The I8Dle properties tIlat are lilted in attacllment B Ilave the <br />potential of being damaged in tile future. <br /> <br />c. Describe how often this type of disaster occurs? Tile area will flood on an average of one to two <br />times during a normal year. During the summer of 1999 tile area was flooded tbree times. <br /> <br />D, Estimated Dollar Amount of Damage Prevented: <br /> <br />1, Amount: 5 Approximately 5370,000 per 5-year eveat <br /> <br />. <br /> <br />2. Reasonable Justification to Exp1ainlSupport the Estimate: lbe above estimate is baaed on 10% <br />of tile Aaaeaaor market value of tile property in flood area. <br /> <br />E. <br /> <br />Estimate of Negative lmpact(s) on the Area if Project Is Not Approved: Tile area will be flooded again <br />and damage will continue to occur. <br /> <br />F. <br /> <br />Number of People & Amount of Property to Be Protected By Project: <br /> <br />Approximately 180 people, <br />90 properties valued at S 3.7 million <br />Approximately 1/4 of a &quare mile <br /> <br />PART 7 <br /> <br />A. List Major Milestones in Implementation: <br /> <br />1. Major Milestones are listed on the Attached 11404 Mitigation Project Work Schedule" Form <br />attached after Part 13 at TAB 4. <br /> <br />. <br /> <br />2. <br /> <br />Explanation of Starting/Completion Dates Listed on the Above "404" Fonn: <br />