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<br />Figure 2.4 Elevated Properties in BelhawlI
<br />
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<br />Legend
<br />
<br />Legend
<br />. HOffies 10 be
<br />Elevaled
<br />_=:06
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<br />pi1Ol'loFlojod
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<br />. Homes to be I
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<br />. Homes Elevated I
<br />pnortoAoyd r
<br />
<br />Figure 2.5 property Acquisitions alld Elevatiolls ill Washington
<br />
<br />It is estimated thal over $500,000 in content loss was avoided. It is assumed that the contents are valued at
<br />30 percent of the replacement cost or $20 per square foot, whichever was higher,
<br />
<br />Of the losses that were avoided during this flood, approximately 20 percent of the savings are attributed to
<br />the reduction in expenses associated with the disruption and displacement of the household while their
<br />flooded homes were being repaired, Average displacement expenses were estimated at $1,250 per month
<br />per household. The relatively high estimate for displacement costs is due to the fact that many of the homes
<br />were damaged far beyond repair, and wouid have to be replaced. For these cases, families are assumed to he
<br />displaced for one year as their homes are heing rehuilt
<br />
<br />In summary, Ule elevations in Belhaven and the combination elevations and acquisitions in Washington have
<br />begun to pay dividends in the fonn of iosses avoided following Hurricane Fioyd, The next seclion examines
<br />the experience in Kinston, which in the span of three years was inundated hy four hurricane driven stonns,
<br />
<br />/~
<br />
<br />CASE STUDY:
<br />KINSTON-LENOIR COUNTY ACQUISITION
<br />PROJECT - SUSTAINABLE REDEVELOPMENT
<br />
<br />m
<br />
<br />The City of Kinston, situated on the banks of the Neuse River, is the county seat and retail and manufacturing
<br />center of Lenoir County, For the past three decades, Kinston's population and economy have been stagnant
<br />due to a combination of factors: an eroding tax base, reduced educational opportunities, increasing numhers
<br />of low- to moderate-income families, and the difficulty in pro;iding affordahle services,
<br />
<br />A Community At Risk To Flooding
<br />
<br />Compounding the economic distress in Kinston-Lcnoir Counly is the community's vulnerability to flooding,
<br />Most of the City of Kinston is located in the 50-year floodplain. \\11Cn the flooding from Hurricane Floyd
<br />inundated the county on Septemher 15-16, 1999, KinSlon was in Ule midst of recovering from Hurricane
<br />Fran, which struck three years earlier,
<br />
<br />Hurricane Fran. which dumped 16 inches of rain in the Neuse River Basin in September of 1996, caused
<br />major flooding and economic disruplion. More Ulan 400 homes, dozens of businesses, and puhlic infra-
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