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LTC 248-2004 Hurricane Frances Preliminary Estimated Impacts CITY OF MIAMI BEACH Office of the City Manager Letter to Commission No. 248-2004 To: From: Subject: Mayor David Dermer and Members of the City Commission Jorge M, Gonzalez ~¢~ City Manager ~/ LM HURRICANE FRANC'ES PRELIMINARY ESTIMATED IMPACTS Date: September 17, 2004 We are in the process of compiling the cost impacts and revenue losses from Hurricane Frances. Preliminary estimates are approximately $800,000 in additional expenses (primarily overtime related to emergency protective measures and debris removal costs) and $200,000 in lost revenues from the Home Show and from Miami Beach Golf Course. We are in the process of compiling the detailed documentation packages required for reimbursement by the Federal Emergency Management Agency (FEMA). While much of the expenses are anticipated to be recoverable from FEMA, lost revenues are likely not eligible for reimbursement. Please contact Kathie Brooks at x6249 if you need additional information. JMG/KGB/Icd c: Executive Staff F:\cmgr~$ALL\LTC-04\Hurricane Frances Pre Est Impact.doc