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v 4 1 + j I+c# DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT f FEDERAL INSURANCE ADMINISTRATION WASHINGTON. D. C. 20410 SEP 13 1978 IN REPLY REFER TO$ . aA CERTIFIED MAIL k� j RETURN RECEIPT REQUESTED ��'�. 0 i C. Mr. William Wodtke l � ,, ss�ory YTy � �v Chairman, Board of County Commissioner Indian River County Courthouse c``�t•`GtG•��yt,�L 14th Avenue Vero Beach, Florida 32960 ' Dear Mr. Wodtke: e Based on our review of the Indian River County's flood plain management measure which was submitted to meet the requirements of Section 1910.3(e) of the National Flood Insurance Program regulations, we find that it satisfactorily meets the Program requirements at this time. On the basis of our acceptance of your submission and pursuant to Section 1909.24 of these regulations, the County's eligibility for the sale of flood insurance will be reinstated, effective August 31, 1978. The Flood Insurance Rate Map, which shows the base flood elevations established for the Indian River County, became effective on July 3, 1978. This date indicates the effective date for the authorization of the sale of first and second layer flood insurance coverage at actuarial rates for all new construction and substantial improvements to existing structures within your community. First layer coverage on structures built prior to July 3, 1978, will continue to be made available at subsidized rates, unless substantial improvements are made to the structures. The actuarial rate zones applicable to your community are indicated on the Flood Insurance Rate Map (FIRM). You should be aware that actuarial rates for insurance on a structure increase 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 outside 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. 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. You should keep us advised, through your annual report, of any problems associated with the administration of these regulations and of any variance granted for construction not in accordance with the adopted standards. Sincerely, Gloria M. Jimenez Federal Insurance Administrator BY icholas La y Director Flood Plain Management Division Office of Flood Insurance SEP 2 0 197j A