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RESOLUTION NO. 2006 – 1
RECOMMENDING PROPERTY OWNERS MAINTAIN FLOOD
INSURANCE POLICIES
WHEREAS,
as a result of improvements to the levees along
the Sacramento and American Rivers in conjunction
with the modifications to operations at Folsom
Reservoir and improvements to District drainage
facilities, the area within our District’s
jurisdiction has been removed from the 100-year
regulatory floodplain as determined by the Federal
Emergency Managament Agency (FEMA); and
WHEREAS,
in recognition of the reduced flood risk to
properties because of these improvements, FEMA
offers a Preferred Risk Policy (PRP) for flood
insurance with premiums which are about half of the
flood insurance premiums previously paid by property
owners; and,
WHEREAS,
by being removed from the FEMA floodplain,
property owners are not required to purchase flood
insurance but have discretion based on their flood
risk; and
WHEREAS,
100-year flood protection is equivalent to a 1%
chance of being flooded in any given year and
equates to a 1 in 4 chance of being flooded during a
typical 30-year mortgage; and
WHEREAS,
in addition to the flood risk from the
Sacramento and American Rivers, there are other
potential sources of flooding such as local drainage
systems whose capacities may be exceeded during
brief, but intense rain events resulting in local
street flooding which may result in damage not
covered by standard home owner’s insurance
policies.
NOW,
THEREFORE BE IT RESOLVED
The Board of Trustees of Reclamation
District No. 1000 believes it is prudent for
property owners who live behind levees to maintain
flood insurance policies as a means to protect their
homes and/or business.
BE
IT FURTHERED RESOLVED
The Board recommends that Natomas
property owners, all of whom are outside the FEMA
100-year floodplain, seek a Preferred Risk Policy
for flood insurance underwritten by the National
Flood Insurance Program and available through their
insurance company.
PASSED,
APPROVED and ADOPTED
this 13
day of January, 2006.
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