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The value of all structures in unincorporated Orange County and the Towns of Carrboro and <br /> Hillsborough on lots situated partially or entirely within the special flood hazard area is <br /> $439,594,791. In the event of flooding,this number does not represent the total loss potential <br /> for the properties. It accounts for the value of the structures located therein. Occupied <br /> residential properties also have the potential for damages to personal property such as <br /> household contents and motor vehicles. Agricultural properties possess the same personal <br /> property loss potential as residential properties and also include potential losses in terms of <br /> damage to livestock,crops and equipment. Commercial and industrial parcels may experience <br /> great losses in damages to equipment and inventory though there are no known vulnerable <br /> commercial or industrial structures. All of these potential losses will have a great impact on the <br /> local county economy. <br /> The Total Building-Only Values for structures located within the unincorporated areas of <br /> Orange County is$3,576,616,323. The Total Building-Only Values for structures located ' <br /> within Carrboro is $1,179,137,738 and the value for Hillsborough is $455,549,819. If a <br /> catastrophic event, such as a devastating tornado, were to hit Orange County, property losses I� <br /> could potentially be in the hundreds of millions of dollars, if not into the billions. <br /> If structures were to be damaged or destroyed, the typical building construction cost in North <br /> Carolina,per square foot, for various types of uses is as follows: <br /> Commercial: $140.00 <br /> Single Family Residential: $108.00 <br /> Multi Family Residential: $98.00 <br /> Industrial: $82.00 <br /> Utility: $40.00 <br /> Source: International Code Council(ICC),2009 <br /> Appendix A includes a series of maps that help illustrate Orange County's, including the Town <br /> of Carrboro and Town of Hillsborough, vulnerability to natural disasters. The following table <br /> is a brief summary of each jurisdiction's hazard vulnerability. <br /> 1. Hazard Vulnerability Summary <br /> Hazard Vulnerability <br /> Hazard Unincor.porated Orange Carrboro Hillsborough <br /> Count <br /> Hurricanes Hurricanes have impacted Hurricanes have impacted Hurricanes have impacted <br /> the jurisdiction in the past the jurisdiction in the past the jurisdiction in the past <br /> and aze expected to have an and are expected to have and are expected to have an <br /> impact in the future. The an impact in the future. impact in the future. The <br /> nature of hurricanes causes The nature of hurricanes nature of hurricanes causes <br /> them to have an impact over causes them to have an them to have an impact <br /> a large geographic area. impact over a lazge over a lazge geographic <br /> eo ra hic azea. azea. <br /> Floods Flooding has occurred in the Flooding has occurred in Flooding has occurred in <br /> past and will likely occur in the past and will likely the past and will likely <br /> the future. Govemmental occur in the future. occur in the future. <br /> regulations prohibit new Governmental regulations Governmental regulations <br /> structures from bein located rohibit new structures allow the construction of <br /> 38 <br />