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126 <br />Previous ExperienceCoastal Systems International, Inc. <br /> <br />Coastal Systems performed a grant-funded Inundation <br />and Economic Vulnerability study, which assessed the <br />Village of Bal Harbour’s vulnerability to sea level rise and <br />storm surge under various future scenarios. Coastal <br />Systems procured the Resilience Planning Grant from the <br />Florida Department of Environmental Protection’s <br />(FDEP) Florida Resilient Coastlines Program, on behalf of <br />the Village. <br /> <br />Coastal Systems held an Introductory Public Workshop <br />to introduce Village residents, officials and stakeholders <br />to the scope of the study. Coastal Systems compiled a <br />Resilience GIS Database, which includes property values, <br />land use, ground elevations, finished floor elevations, <br />and drainage and roadway infrastructure. Coastal <br />Systems conducted Inundation Modeling to determine <br />the flooding risks for the Village associated with rainfall, <br />King Tides, and various interval storms (25-, 50-, and <br />100-year storms) through 2080, with sea level rise. <br /> <br />Coastal Systems analyzed the potential economic impact <br />associated with the inundation scenarios. Coastal <br />Systems annualized the probable damage cost to <br />infrastructure to understand the potential damages to a <br />building in any given year, with sea level rise. The annual <br />maintenance costs of public infrastructure, including <br />roads, utilities, beach/dune system, and parks were <br />projected to understand the future increases in costs <br />due to increasing sea level elevations. Coastal Systems <br />produced a Vulnerability Ratio to project future potential <br />reductions in property value and compared the future <br />potential reductions in property value to the annual <br />operating budget of the Village to project future impacts <br />to the Village revenues. The future maintenance costs of <br />public infrastructure were compared to the annual <br />operating budget of the Village to project future <br />increases in Village expenditures. <br /> <br />Coastal Systems concluded the Study with a final Public <br />Workshop to present results and conclusions. <br />IInnuunnddaattiioonn aanndd EEccoonnoommiicc VVuullnneerraabbiilliittyy SSttuuddyy,, BBaall HHaarrbboouurr <br />Coastal Modeling <br />Stormwater Modeling <br />Data Management (GIS) <br /> <br />RREELLEEVVAANNTT SSEERRVVIICCEESS:: <br />Resiliency Economics <br />Grant Funding <br />Public Meetings <br />CCLLIIEENNTT:: Bal Harbour Village <br /> Mr. John Oldenburg <br /> 655 96th Street <br /> Bal Harbour, Florida 33154 <br /> Tel: (305) 993-7436 <br /> Email: joldenburg@balharbourfl.gov <br /> <br />PPRROOJJEECCTT SSCCHHEEDDUULLEE:: 2019 - 2020 <br /> <br />CCOONNSSTTRRUUCCTTIIOONN CCOOSSTT:: N/A <br />