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Code. <br />It is anticipated that the City Council will take final action on the ordinance amendment in late November or early <br />December, which will allow Staff to send the updated ordinance to FEMA by December 16, 2015. <br />Staff attempted to attach each map panel to this case but due to file size, was not able to publish the agenda. So, <br />Staff will have a hard copy of each map panel available at the meeting. <br />Alternatives <br />Option #1. Recommend that the City Council adopt the updated Flood Insurance Rate Maps via an amendment to <br />the Floodplain Overlay Districts Subdivision of City Code. The updated maps will assist in administering the <br />floodplain standards as they have a much more complete road network and have aerial imagery as well. If the City <br />does not adopt the updated maps via an ordinance amendment, the City will be suspended from the NFIP which <br />will create great challenges for property owners in the SFHA attempting to sell or refinance (federally backed loans <br />would not be available). Staff supports this option. <br />Option #2. Recommend that the City Council not adopt the updated Flood Insurance Rate maps via an amendment <br />to the Floodplain Overlay Districts Subdivision of City Code. If the City fails to adopt the updated maps via an <br />ordinance amendment, the City will be suspended from the NFIP, which can trigger some significant challenges for <br />certain properties within the community. Furthermore, the City loses it eligibility for federal disaster relief funding <br />as well. Staff does not support this option. <br />Funding Source: <br />This work is being handled as part of normal Staff duties. <br />Action: <br />Motion to recommend that the City Council adopt the updated Flood Insurance Rate Maps by amending Chapter <br />117, Article II, Division 4, Subdivision III (Floodplain Overly Districts). <br />Letter from MN DNR <br />Current Floodplain Regulations <br />Model Ordinance with Cross Reference Notes <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Chris Anderson (Originator) Chris Anderson 09/18/2015 09:06 AM <br />Form Started By: Chris Anderson Started On: 09/17/2015 01:57 PM <br />Final Approval Date: 09/18/2015 <br />