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Item N08 N.8 County of Monroe P W ;� w 1rJ� BOARD OF COUNTY COMMISSIONERS r,�� Mayor Craig Cates,District 1 The Florida Keys Mayor Pro Tem Holly Merrill Raschein,District 5 y Michelle Lincoln,District 2 James K.Scholl,District 3 Ij David Rice,District 4 County Commission Meeting February 15, 2023 Agenda Item Number: N.8 Agenda Item Summary #11641 BULK ITEM: No DEPARTMENT: Sustainability TIME APPROXIMATE: STAFF CONTACT: Rhonda Haag (305)453-8774 11:00 A.M. AGENDA ITEM WORDING: Update, presentation and discussion of the $2.7 Billion FL Keys Coastal Storm Risk Management Project developed by the U.S. Army Corps of Engineers (USAGE) and approved by the U.S. Congress for reducing coastal storm risk vulnerability in the Florida Keys. ITEM BACKGROUND: On December 26, 2022, after passing through the U.S. Congress and federal lawmakers, President Biden signed into law authorization of the U.S. Army Corps of Engineers (USAGE) $2.7 billion FL Keys Coastal Storm Risk Management Project for resiliency. On December 30, 2022, an initial appropriation of nearly $1 million was approved in the federal omnibus spending bill to fund the planning, engineering, and design of six U.S. 1 stabilization projects in the FL Keys Coastal Storm Risk Management Project, the first phase of the Project. Further appropriations for the Project will require separate, annual approvals by Congress. The U.S. 1 portion of the Project includes 5,500 feet of the roadway shoreline at mile markers 34.5, 37, 67, 70, 70.9, and 79.5, identified in the plan as vulnerable to coastal erosion and wave energy. Estimates for the completion of the construction phase of the U.S. 1 stabilization project are $16 million. Staff worked with USACE and local stakeholders for the past four years to move the project forward, including numerous public meetings to discuss the project. They then worked with the County's legislative team and elected officials to move the project authorization and appropriation through Congressional approval. Based on the results of the three-year USACE Coastal Storm Risk Management Feasibility Study, the approved Project now plans for the economic, environmental, and social effects of coastal storms and sea-level rise. The Project includes: • Hardening of 6 areas along the shoreline of U.S. 1 • Dry flood proofing of up to 43 (governmental-owned) critical infrastructure and 1052 commercial buildings, and • Elevating up to 4,698 residential residences. Future appropriations will allow for the voluntary elevations of the vulnerable residential homes and Packet Pg. 2336 N.8 dry flood proofing of the commercial and governmental critical infrastructure buildings susceptible to storm surge damage throughout the Florida Keys. Dry flood proofing not only protects from flooding but also allows essential services to resume more quickly after a storm surge event. The total project estimate is $2.7 billion, split 65% federal ($1.7 billion) and 35% non-federal ($955 million). The following can provide the non-federal share of funds: • State • County • Municipalities • Residents and Business Owners, and • Other non-federal entities. The County is coordinating with the Florida Department of Transportation for the non-federal match for the U.S. 1 stabilization phase of the project. The County will be executing a Project Partnership Agreement(PPA) with the USAGE, and intends to sign sub-agreements with the five municipalities to authorize and fund work performed within the cities. The PPA is the cost share agreement that defines the responsibilities of the non-federal sponsor and federal government for project implementation. Numerous PPA's are anticipated as funding from Congress is anticipated to be piecemeal over the course of several years. History: On September 24, 2021, Lieutenant General Scott A. Spellmon of the Department of the Army signed the Chief of Engineers Report for the Florida Keys Coastal Storm Risk Management Project, formally authorizing the Project. (Attachment included). The report was subsequently submitted to Congress. The Chief of Engineer's Report serves as the basis for the authorization of the Recommended Plan by Congress. Once the Recommended Plan is authorized and funds are appropriated, the federal government finances 65% of the total project cost. The County and the municipalities would be responsible for 35%. The County submitted a preliminary assessment of priorities in a letter dated January 22, 2021. (Attachment included). The Plan included measures located in each of the five municipalities, and Interlocal Agreements will be required to formalize participation under the County's PPA's with the USACE. Total Project Cost(65/35 cost share): $2,730,201,000 ■ 65% federal funding of project= $1,774,631,000 ■ 35%non-federal funding of project= $ 955,570,000 The presentation previously provided to the BOCC is included as an Attachment to this item, and specifies the number, types and costs of the structural and nonstructural measures. STEPS: a , 1 xl 1. September 2021 Chief of Engineer's Report and study complete December 2022 Congressional authorization for construction Packet Pg. 2337 N.8 January 2023 Project appropriation for U.S. l revetments for Planning, Engineering and Design (PED) work 2023 Project Partnership Agreement with Monroe County/USACE Sub agreement with Florida Department of Transportation/Monroe County 2024 + Seek annual appropriation for U.S. 1 construction portion, home elevations and flood proofing. Interlocal Agreements with the municipalities/Monroe County for participation. PREVIOUS RELEVANT BOCC ACTION: 09/19/18: Approval to enter into a Study Agreement with the U.S. Army Corps of Engineers to initiate a study partnership to investigate storm and sea level rise vulnerability for the U.S. 1 corridor in Monroe County, funded up to $3 Million by the USAGE; also, ratification of the Letter of Intent submitted by the County Administrator; request for Chief Financial Officer to sign the Self- Certification of Financial Capability; and authority for the County Attorney and the Mayor to sign related documents. 05/22/19: Presentation update on the partnership agreement with the U.S. Army Corps of Engineers for investigating storm and sea level rise vulnerability for the Florida Keys to provide the recommended list of alternatives for moving forward. 02/06/20: Presentation under the partnership agreement with the U.S. Army Corps of Engineers (USAGE) for investigating coastal storm risk vulnerability for the Florida Keys, to present and discuss the list of alternatives under the details of the recommendation for the Tentatively Selected Plan for Monroe County as developed by the USAGE. 05/20/20: Approval of preferred alternative and its options for the Tentatively Selected Plan developed by the U.S. Army Corps of Engineers (USAGE) under the partnership agreement with USACE for investigating coastal storm risk vulnerability for the Florida Keys. 06/17/20: Discussion and direction of the preferred alternative and its options, including input from the municipalities, for the Tentatively Selected Plan developed by the U.S. Army Corps of Engineers (USAGE) under the partnership agreement with USACE for investigating coastal storm risk vulnerability for the Florida Keys. 10/21/20: Discussion and presentation of the newly revised $5.5 Billion preferred alternative developed by the U.S. Army Corps of Engineers (USAGE) and the option for the County to select a Locally Preferred Plan under the partnership agreement with USACE for investigating coastal storm risk vulnerability for the Florida Keys. 02/17/21: Discussion and direction of the final revised $2.6 Billion preferred alternative developed by the U.S. Army Corps of Engineers (USAGE) for reducing coastal storm risk vulnerability for the Florida Keys; and approval of the Letter of Support and Financial Certification that are required in Packet Pg. 2338 N.8 order to complete the feasibility study, authorizing Ms. Boan to sign the Financial Certification and Mr. Gastesi to sign the Letter of Support. 11/17/21: Presentation and discussion of the next steps of the $2.772 Billion Plan developed by the U.S. Army Corps of Engineers (USAGE) for reducing coastal storm risk vulnerability for the Florida Keys. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval to move forward to next steps. DOCUMENTATION: TAB 01 - SIGNED Chief s Report Florida Keys CSRM_20210924 USACE Briefing MAY 2021 Monroe's Letter for Priorities 01-22-21 FINANCIAL IMPACT: Effective Date of contract: N/A Expiration Date: N/A Total Dollar Value of Project: $2.7 Billion Total Cost to County: TBD Current Year Portion: $0 Budgeted: No Source of Funds: N/A CPI: N/A Indirect Costs: N/A Estimated Ongoing Costs Not Included in above dollar amounts: $161,000 O&M annually Revenue Producing: No If yes, amount: Grant: N/A Local Match: 35% - Can include municipalities, State, residents and other sources Insurance Required: No Additional Details: The County is responsible for 35% of the $2,772,359,000 in project costs, which will be shared by other sources and the municipalities. REVIEWED BY: Rhonda Haag Completed 01/23/2023 5:00 PM Cynthia Hall Completed 01/23/2023 5:12 PM Purchasing Completed 01/24/2023 9:33 AM Budget and Finance Completed 01/27/2023 11:24 AM Brian Bradley Completed 01/27/2023 11:27 AM Lindsey Ballard Completed 01/27/2023 2:03 PM Board of County Commissioners Pending 02/15/2023 9:00 AM Packet Pg. 2339 N.8.a DEPARTMENT OF THE ARMY �. CHIEF OF ENGINEERS 2600 ARMY PENTAGON WASHINGTON,Q.C. 20310-2600 DAEN SEP 2 4 2�21 SUBJECT: Florida Keys, Monroe County, Florida Coastal Storm Risk Management CL THE SECRETARY OF THE ARMY n 1. 1 submit for transmission to Congress my report on coastal storm risk management for the Florida Keys, Monroe County, Florida. It is accompanied by the report of the Norfolk District Commander. This report is an interim response to the study authority c0 contained in Public Law 84-71, dated 15 June 1955, which authorizes an examination and survey of the coastal and tidal areas of the eastern and southern United States, with particular reference to areas where severe damages have occurred from W hurricanes. Preconstruction, engineering, and design (PED) activities, if funded, would be continued under the authority cited above. 2. The National Economic Development (NED) plan resulting from this study includes the following elements: i a. Dry floodproofing 53 critical infrastructure buildings that were identified at risk to damage from coastal storms. Dry floodproofing will reduce the damage caused by storm surge during coastal storm events so that emergency and critical services can resume more quickly after a coastal storm event. b. Nonstructural measures to reduce coastal storm damage to 4,698 residential and 1,052 nonresidential structures at risk throughout the Florida Keys. The nonstructural measures in the recommended plan include elevation of residential structures and dry CL floodproofing of nonresidential structures. 3. In addition, stabilization of U.S. Route 1 (Overseas Highway) is critical to allowing evacuation and re-entry to and from the Florida Keys before and after major storm U events. Maintaining this access would minimize risks to life safety and would reduce delays to post-storm recovery while increasing total project costs by less than one percent. In July 2021, the Acting Assistant Secretary of the Army (Civil Works) approved a request to include the stabilization of U.S. Route 1 as part of the recommended project. Shoreline stabilization would be constructed at six locations along U.S. Route 1 that were identified as having risk of damage due to erosion and/or wave energy during a coastal storm event. These six rock revetment structures range in height from +4 feet North Atlantic Vertical Datum of 1988 (NAVD88) to +10 feet NAVD88 and were designed to reduce damage to a total of approximately 5,500 feet of roadway by stabilizing the shoreline and reducing the risk of washout. Packet Pg. 2340 N.8.a DAEN SUBJECT: Florida Keys, Monroe County, Florida Coastal Storm Risk Management 4. Monroe County, Florida is the non-federal cost-sharing sponsor for all features. Project costs for the recommended project are based on October 2020 (fiscal year 2021) price levels. a. Project First Cost. The estimated first cost of the recommended project is $2,103,462,000. This estimate includes $1,451,001,000 for construction; $50,305,000 for lands, easements, rights-of-ways, relocations, and dredged or excavated material disposal areas (LERRDs) including federal administrative costs; $230,781,000 for PED; and $230,781,000 for construction management. b. Estimated Federal and Non-Federal Share. In accordance with the cost sharing c0 provisions of Section 103 of the Water Resources Development Act (WRDA) of 1986, as amended (33 U.S. Code 2213), the federal share of the project first cost is estimated to be $1,367,250,000 and the non-federal share is estimated to be $736,212,000, which equates to 65 percent federal and 35 percent non-federal. The non-federal costs include U the value of LERRDs. c. The non-federal sponsor is responsible for the annual operation, maintenance, repair, replacement, and rehabilitation (OMRR&R) of the project after construction, estimated at$161,000 per year. CNI a 5. Based on a 2.50 percent discount rate and a 50-year period of analysis, the total equivalent average annual costs of the project are estimated to be $85,557,000. All project costs are allocated to the authorized purpose of coastal storm risk management. The equivalent average annual benefits are estimated to be $131,603,000 with net average annual benefits of$46,046,000. The benefit to cost ratio is approximately 1.5 to 1. The project will reduce coastal storm damage to critical infrastructure, _ residential and coastal structures, and U.S. Route 1, the singular evacuation route and � connection to mainland Florida. JA 6. Risk and uncertainty factored into the economic analysis through the use of statistical risk-based models. The Generation 11 Coastal Risk Model (G2CRM) was used U to evaluate the suite of alternatives within the study area. G2CRM is a desktop computer model that implements an object-oriented probabilistic life cycle analysis using event-driven Monte Carlo simulation, asset (structure) inventory, and damage relationship functions to compute equivalent annual damage (with and without project). This allows for incorporation of time-dependent and stochastic event-dependent behaviors such as sea level change, tide, and structure raising and removal. The project is intended to address structure damage caused by storm surge inundation and manage coastal storm risk. 7. In accordance with Engineering Regulation 1100-2-8162, Incorporating Sea Level Change in Civil Works Programs, the study's analysis evaluated the effects of different rates of sea level change in the with- and without-project conditions. Analysis showed 2 Packet Pg. 2341 N.8.a DAEN SUBJECT: Florida Keys, Monroe County, Florida Coastal Storm Risk Management that the historic sea level rise recorded for the study area tracks with our U.S. Army Corps of Engineers (USACE) high rate of sea level change and the most likely future scenario would be consistent with the high rate of sea level change. Therefore, the recommended project was formulated and evaluated using the high rate of sea level change. To address uncertainty, project performance was also assessed at the low and intermediate rates of sea level change. 2 8. In accordance with USACE policy on review of decision documents, all technical, engineering, and scientific work underwent an open, dynamic, and rigorous review process to ensure technical quality. This included district quality control, agency technical review, independent external peer review, and a headquarters policy and legal c0 review. All comments from these reviews have been addressed and incorporated into U) the final documents. 9. Washington level review indicates that the project recommended by the reporting U officers complies with all essential elements of the 1983 U.S. Water Resources Council's Economic and Environmental Principles and Guidelines for Water and Land Related Resources Implementation studies and complies with other administrative and legislative policies and guidelines. Also, the views of interested parties, including federal, state, and local agencies have been considered. CNI 10. 1 concur with the findings, conclusions, and recommendations of the reporting officers. Accordingly, I recommend that the plan to manage coastal storm risk to the Florida Keys be authorized in accordance with the report officers' recommended plan at an estimated project first cost of$2,103,462,000 with such modifications as in the discretion of the Chief of Engineers may be advisable. My recommendation is subject to cost sharing, financing, and other applicable requirements of federal and state laws and policies, including Section 103 of WRDA 1986, as amended. The non-federal sponsor 0 would provide the non-federal share of project costs and all LERRDs. Further, the non- federal sponsor would be responsible for all 4MRR&R. Federal implementation of the JA project for coastal risk management includes, but is not limited to, the following required items of local cooperation to be undertaken by the non-federal sponsor in accordance U with applicable federal laws, regulations, and policies: a. Provide 35 percent of construction costs, as further specified below: i. Provide, during design, 35 percent of design costs in accordance with the terms of a design agreement entered into prior to commencement of design work for the project; E ii. Provide all real property interests, including placement area improvements, and perform all relocations determined by the Federal Government to be required for the project; and 3 Packet Pg. 2342 N.8.a DAEN SUBJECT: Florida Keys, Monroe County, Florida Coastal Storm Risk Management iii. Provide, during construction, any additional contribution necessary to make its total contribution equal to at least 35 percent of construction costs. b. Prevent obstructions or encroachments on the project (including prescribing and enforcing regulations to prevent such obstructions or encroachments) that might reduce the level of coastal storm risk reduction the project affords, hinder operation and maintenance of the project, or interfere with the project's proper function; n c. Inform affected interests, at least yearly, of the extent of risk reduction afforded by the project; participate in and comply with applicable federal floodplain management and flood insurance programs; prepare a floodplain management plan for the project to 0 be implemented not later than one year after completion of construction of the project; and publicize floodplain information in the area concerned and provide this information to zoning and other regulatory agencies for their use in adopting regulations, or taking other actions, to prevent unwise future development and to ensure compatibility with the U project; d. Operate, maintain, repair, rehabilitate, and replace the project or functional portion thereof at no cost to the Federal Government, in a manner compatible with the N project's authorized purposes and in accordance with applicable federal laws and CNI regulations and any specific directions prescribed by the Federal Government; e. Give the Federal Government a right to enter, at reasonable times and in a U) reasonable manner, upon property that the non-federal sponsor owns or controls for access to the project to inspect the project, and, if necessary, to undertake work necessary to the proper functioning of the project for its authorized purpose; f. Hold and save the Federal Government free from all damages arising from t design, construction, operation, maintenance, repair, rehabilitation, and replacement of0. the project, except for damages due to the fault or negligence of the Federal JA Government or its contractors; U g. Perform, or ensure performance of, any investigations for hazardous, toxic, and radioactive wastes (HTRW) that are determined necessary to identify the existence and extent of any HTRW regulated under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), 42 U.S.C. 9601-9675, and any other applicable law, that may exist in, on, or under real property interests that the Federal Government determines to be necessary for construction, operation and maintenance of the project; h. Agree, as between the Federal Government and the non-federal sponsor, to be solely responsible for the performance and costs of cleanup and response of any HTRW regulated under applicable law that are located in, on, or under real property interests required for construction, operation, and maintenance of the project, including 4 Packet Pg. 2343 N.8.a DAEN SUBJECT: Florida Keys, Monroe County, Florida Coastal Storm Risk Management the costs of any studies and investigations necessary to determine an appropriate response to the contamination, without reimbursement or credit by the Federal Government; i. Agree, as between the Federal Government and the non-federal sponsor, that the non-federal sponsor shall be considered the owner and operator of the project for the purpose of CERCLA liability or other applicable law, and to the maximum extent practicable shall carry out its responsibilities in a manner that will not cause HTRW liability to arise under applicable law; and j. Comply with the applicable provisions of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, Public Law 91-646, as amended, U (42 U.S.C. 4630 and 4655) and the Uniform Regulations contained in 49 C.F.R Part 24, in acquiring real property interests necessary for construction, operation, and maintenance of the project including those necessary for relocations, and placement U area improvements; and inform all affected persons of applicable benefits, policies, and procedures in connection with said Act. N 11. The recommendations contained herein reflect the information available at this time and current departmental policies governing formulation of individual projects. These Q recommendations do not reflect program and budgeting priorities inherent in the ' formulation of the national civil works program nor the perspective of higher review levels within the Executive Branch. Consequently, the recommendations may be U modified before they are transmitted to the Congress as proposals for authorization and implementation funding. However, prior to transmittal to the Congress, the non-federal sponsor, the state, interested federal agencies, and other parties will be advised of any modifications and will be afforded an opportunity to comment further. 0 CL T SC TT A. 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Ih d �a i t e" 0 ���� �I� W� VIIWu v'< �✓`,akw� "� all r, I /, fl i' i �r r f " / L H I ` III I r, s r r to y j I � " i I` 1 �I V@i;, N.8.c m BOARD OF COUNTY COMMISSIONERS County of Monroe ��� ��� �� Mayor Michelle Coldiron,District 2 The Florida Keys Mayor Pro Tem David Rice,District 4 Craig Cates,District l Eddie Martinez,District 3 Mike Forster,District 5 Monroe County Board of County Commissioners Office of the County Administrator CL The Historic Gato Cigar Factory 1100 Simonton Street, Suite 205 _ Key West, FL 33040 c (305)292-4441 —Phone (305)292-4544 —Fax January 22, 2020 Ashton Burgin Project Manager c U USACE Norfolk District U a� RE: Florida Keys Coastal Risk Management Study Element Sequencing tJ Dear Ms. Burgin: cN Thank you for the briefing on Thursday,January 14,2021 regarding the status of the Florida Keys Coastal CN Storm Risk Management Study (FKCSRMS or"project"). We appreciate the opportunity to discuss the proj ect's next steps. As reported by the U.S. Army Corps of Engineers(USACE), a signed Chief s Report for the FKCSRMS is anticipated in September of 2021. This correspondence responds to the request from c the Jacksonville District as they draft a budget package for design of the first FKCSRMS elements to be c ,c constructed (FY 23). 0 Currently,the USACE is seeking input from Monroe County (as the Non-Federal Sponsor)regarding the initial preference, or sequencing, of the project's elements for funding and implementation. The goal of this discussion is to align priorities for upcoming authorization and budget cycles for both the County and USACE under a 35/65% cost share. The scope of this request for sequencing includes funds for design 0 (not construction) of these elements. The elements of the project include: 0 2 • 6 Revetments along the shoreline of US Highway 1 • Residential home elevations • Commercial property floodproofing • Critical infrastructure floodproofing At this time,please note the County's preference for sequencing is the following: 1. Design of the six revetments along US 1. Given that US1 is the County's only hurricane evacuation route, the opportunity to improve the resiliency of the road leads in importance. Per information from the USAGE,the revetments are estimated at $16 Million in construction costs with$1.6 Million in engineering design costs. We understand that only engineering fees would be requested for this request. The federal cost share for the engineering is $1,040,000 in federal funds (65%) and $560,000 as the local cost share (35%). Monroe County intends to reach out to FDOT to participate in this cost share. Packet Pg. 2357 N.8.c 2. Design of the critical infrastructure floodproofing projects (48 at this time). The priority of these projects should be based on the most vulnerable structures first, or potentially County-owned structures. Per information from the USAGE, the critical infrastructure floodproofing of all 48 structures has a construction cost estimated at$10.8 Million with $1,080,000 in engineering design costs. The cost share for the engineering is $702,000 in federal funds (65%) and $378,000 in local cost share (35%). The County is conducting its own sea level rise vulnerability assessment update (to be completed by July 2021) and we believe that we will have more information to offer the Corps for consideration of which critical infrastructure projects should be undertaken first. This will be one more analysis that can help better prioritize which of the 48 critical infrastructure projects planned in the project overall should be sequenced first. We understand that we do not need that level of granularity for individual structure priorities at this point,but we wanted to inform the Corps of forthcoming analysis that may be helpful for additional project planning. c We continue to remain supportive of our partnership with USACE and thank you for the opportunity to provide this response to you. For any further information on this correspondence, please do not hesitate to reach out to Rhonda Haag, our Chief Resilience Officer. °' Thank you, 0 U Roman Gastesi County Administrator N N U) c 0 0 0 c� Packet Pg. 2358 r;, 00 N r Sol /�/,r,r/ mONROE COUNTTILOR �,)J I�toolGvi iu�ctt�««�N�IllNhuwuivaaNi�msr�uolllttluti�ol»»>uHm r� !� Jyl�yyyyyyyyyyyll!� � ��➢XQ ,,,,, U l // � �� ;�, � :.,� ��' ,'6,, riiiii� ��i�r �� rr„ ; � � �r, /� �/ /�� �%/ ��sr�//%/// �. /r riiii, '� �r r, �Q'f%//i✓rrr, „.,., rr///, ': ., -r I� I r �M 'i II I , E� f 4 dd ; V 1 d r1 r u I V io u 1 t� I I 1 � to I I �iiM VPIVIIII411 I r irr rr/ pgine 6r e P, u'-N;rca�rl�fiw yrrri ' ///�i,✓/rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr///rr/ //���///���///���///���///���///���///���///���///���///���///���///���///���///���///���///���///��//, M PROJECT AUTHORITY & FUNDINGMONROECOU RIBA KEYS �� llOE llu / r rrrrrr / �� / o /,,,,e,,,o i it r, iii c, e�, ✓, i /ii r���������iiiiir i, /ii / i / i // r / i / / / / / / i 1 / f / /1 l / f l t i / / ff , / f / o , / I / / / / � f / / ../i,�////„✓////�//ir„ l/�,/r//�,,.,.//,,......�,/r... _. / /,,,,,,, ,,,,,,,,,,,,,i..//////%//...„ /ii/. /fir,,, ,..,,,,,.. ,.,�i/�/�/ ........ /....... / ,,i//// .... ,..,., MONROE COUNR RORIBA (10 3 KEYS, MONIROE M THE AUTHORIZED PLANIlu it r / / / it /o r aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaai r r r r r ri 1 l r � l ,rrrr /rrrrrrrrrrrrrrrr a r rr r rrrrrrrrrrrrr i r r r rrr�f/ � ,rrr iiiiii r r r r �r r rr / r r ii rr r r ! /i r/rr r � i i ir r / / / rrrr rr, i / , r ri r r rr��i r i r / r r ri r a i f r � i f r r r i , r r / r err�r ii r 1 / / r r � r r rr a, r rr o i r r � l f _1 r � 1 l � C � � n r rc�*w�nti^neh dk I � Jy/1 � l ! i// l � i it M • i /U r/ r +l t r; / r / rrrrrrrrrrrrrrrrrrrr r r r r od r /irr i r r r , r ,,rrrr r r r i rrrrrr „ rrrr /r rr rrrrrr r r of r / r o/ r o r r ,/ rr,iiii,,,✓iiiioiii /rr.. /i,.r r/iiiii,,,.i ri,,..... ,,rr_ / f_ / /i i,,,,,,, ,,,,,,,,,,�..r l�ii/�i ////%///% ri/////,r,,,,,,//////rrairri,ii,c,r%//,,,,%%//„rr,/////%//,.,,,,0/O/����r///%//, r, MONROE COUNR RORIBA (10 4 KEYS, MONIROE M THE AUTHORIZED PLANIlu / f / ��rrrrrrrrrrr / r / r r / rr i r i i rr i/ r � r i r i / r r r, ii ,rrrr r / r rrr f / r � r r . / r . r r i�� o rrrrr/ it rrr r , i r � /iiiii//%%%/ �rrrrrrrrrrrrr r �r�i / r /r / rr r r it it r f i ,r 1 ,r J l I r rr,, ��,,,✓i J/Jir /�r.. /,.,ri„ i,.,;, ,i,,.... ,,ram_ ;,�..r ., /r/r / �i�/loll,.,,,,, // r,i , , MONROE COUNR HORIDA (10 5 KEYS, MONIROE M THE AUTHORIZED PLANIlu i Recommended Plan Economic Summary Total //,;//,i Total Project Cost $2,772,359, Total Average Annual Cost $85 557 000 Average Annual Benefits $131 ,603,000 Benefit to Cost Ratio 2.5% 1 .5 J % 1 Total Annual Net Benefits 46 046 000 o (1) Discount rate. 2.5/o, October 2020 Price Level (2) Estimates rounded ME Federal (65%) Non-Federal Total 35% Total Project Cost $1 ,802,033,000 $970,326,000 $2,772,359,000 LERRD Credit $0 $58,925,000 $58,925,000 Cash Contribution $1 ,802,033,000 $911 ,401 ,000 $2,713,434,000 IN 11 �i MONROE COUNR HORIDA (10 6 KEYS, M THE AUTHORIZED PLAN u as / 1 f ,,, l „/,,, ,1,,,,,, ...✓. ��,<. .„„„, � ,,.. ,,,,,,,,,,,,,,,,,,,,,,,,,�- � � � of// uiiii/ � � �% i i i i i l .. ter/ i i i i i r� Grand Total U.S. Route 1 Shoreline Stabilization $24,8141000 1 . West Summerland Key Alignment $2,509,000 2. Bahia Honda Key Alignment $5,803,000 � 3. Long Ke AI i n ment $4,557,000 Federal Non-Federal 4. Fiesta Key West Ali nment $5,041 ,000 65% 350/0 5. Fiesta Key East Alignment $3,452,000 0 $16,129,000 $8,685,000 loll, 6. Indian Kev Fill Ali nment $3,452,000 ONROECOU RIDA KEYS (10 7 /����i,✓/�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����//�����/����//����//����//����//����//����//����//����//����//����//����//����//����//����//����//����//���//, M P R E T TIMELI N E PATH FORWARD WE ARE HERE �� Il ,COUllu OJ C & PROJECT TIMELINE u IM1010iMININ * DATES ARE SUBJECT TO APPROPRIATIONS OF FUNDS • Dates shown here area best-case scenarios. • The Six (6) Part U.S. HWY 1 (Overseas Highway)Revetment is estimated to take Five (5) months for each section. • The construction period for each structure contained in the non-structural component(elevation or floodproofing)would be no more than three (3) months. r �,r I Il 1111/1 �l III >1� ��� � I JJ1 t 11 t � t 1 / f r //r. .riiirr/... ����,�,./ .,,/i„/../�,,, ,,,, /� ,, -,,1/ ,,,,,/y� ,/„ ///,,,,,,rla,�o///,i,,...,,///,, ,,�.ra./////�../✓/, /�,./ii,,,///�///�/L//ooir////,,,i/////iif�,.//1,/� ,irr,,,,iri/i/oi/i// „�iri/.,,r� ,,,,,,,,, ,,,/a,.rrr,.,,,,�C�".. ll,,� r r 1 Br�IDfrl�llrll/»J111U1111%%f, / I rir,i. i0000iiflil ✓ is f. 1 r '.1 /r r �I r., w I, { �Y I Vi' „ �Ur�rr / mg ........... 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