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<br /> <br />August 18, 2020 <br />Professional Consulting Services <br />City of Sunny Isles Beach <br />RFQ No. 20-07-01 <br /> Page 21 <br /> <br />Recently, Coastal Systems completed a Coastal Inundation and Economic Vulnerability <br />Assessment for the Village of Bal Harbour, in which our team utilized our coastal modeling <br />capabilities to provide business-centric recommendations for the Village. This assessment <br />was funded fully by the Florida Department of Environmental Protection (FDEP) Resilient <br />Coastlines Program (RCP). Our team’s assessment analyzed the potential damages to <br />Village-wide infrastructure from sea level rise and storm surge, and projected the increasing <br />annual maintenance costs of the infrastructure to demonstrate the potential increase in <br />operational expenditures. In addition, our team analyzed the potential impacts to real estate <br />values from increased inundation events, and projected the potential impacts to the <br />municipal revenues. Our team reiterated the importance of planning and implanting resilient <br />design strategies today, in order to protect the municipality and its stakeholders. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />