Agenda - Council - 02/12/1980 - Laserfiche WebLink

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FEDERAL EMERGENCY MANAGEMENT AGENCY Washington. D.C. 20472 Honorable Arnold Cox Mayor City of Ramsey 15153 Nowthen Boulevard Anoka, Minnesota 55303 Dear: Mayor Cox The date of your comnmanity's Flood Insurance Rate Map, (FIRM) is the effective date for the authorization of the sale of first and second layer flood insurance coverage at actuarial rate~ for all new construction and substantial improvements to existing structures within your community. First layer coverage on structures built prior to the date of your FIRM, will continue to be made available at subsidized rates, unless substantial improvements are made to the structures. The actuarial rate zones and base flood elevations applicable to your com~nlty are indicated on the FIRM. You should be aware that actuarial rates for insurance on a structure increases as the first floor elevation of the structure decreases below the base flood levels established for your community. In addition, it should be pointed out that on the effective date of the FIRM, the FIRM supersedes all previous maps for the purpose of determining whether individual properties are located inside or 6utside the area having special flood hazards; and, after that date, new construction will be charged actuarial rates which may be higher if the construction is not built in compliance with the flood plain management requirements of the National Flood Insurance Program. Based on our review of y~ur community's ordinance which was submitted to meet the requirements of Section 44 CFR 60.3 of the regulations, we find that your ordinance satisfactory meets the program requirements at this time. On the basis of our acceptance of your submission, your comnunity's eligibility in the National Flood Insurance Prc~ram will be continued. We hope the effective administration and enforcement of your adopted flood plain management regulations will enable your community to substantially reduce its future flood losses through .the wise management of its flood. plains.