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VERO BEACH NATIONAL BANK <br />� VERO BEACH FLORIDA 32960 <br />1750 SOUTH FEDERAL HIGHWAY 305/566-1100 <br />• ^' � JUS �9�8 N <br />July 27, 1978 <br />William C. .Wodtke, Jr., Chairman <br />Board of County Commissioners <br />2145 14th Avenue, Vero Beach, Florida 32960 <br />Dear Mr. Wodtke: <br />Let me thank you, and also offer my congratulations to you <br />and the Board for making the decision of asking for additional <br />input from financial institutions and insurance companies re- <br />garding the adoption of the proposed Flood Insurance Ordinance. <br />I am sure there is some adverse reasoning of why some would <br />not want this Ordinance adopted, such as a possible higher <br />cost in preparing a building site for construction, but I <br />feel the pluses, by having the Ordinance adopted, far out- <br />weigh.the negatives. <br />To --summarize my approval of the Ordinance, let me add another ' <br />objective that could be number (8) under Article 1, Section D, <br />OBJECTIVES: <br />(8) to minimize'the possibility of a financial loss, <br />large or small, to the home buyer or a financial <br />institution. <br />Thank you, <br />Robert J. Powers <br />Vice President I <br />RJP/kd ; <br />• s <br />AUG 0 9 1978 y <br />