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RESOLUTION NO. 92-76 i` IR: number and value of flood insurance claims from riverine areas have exceeded those from coastal areas; and WHEREAS, the bill would provide a total of only $5,000,000 per year nationally for property owners within the coastal erosion zone to demolish their structures or remove them from the zones, even though the bill's provisions authorize the subsidy of up to 110% of the cost of demolition or removal of every structure; and WHEREAS, the bill, which was not widely publicized during its passage through the House of Representatives, needs more study; and WHEREAS, the Senate should not enact the bill in its present form because the bill is neither actuarially sound nor fundamentally fair and should be further scrutinized; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The Board urges the Senate to reject Senate Bill 1650 as it is presently written and study the facts surrounding the National Flood Insurance Program further to ensure that the program is actuarially sound and fundamentally fair and urges the Senate to revisit the exception of riverine areas from the bill. 2. A copy of this resolution be sent to both Florida Senators and the subcommittee on Housing and Urban Affairs of the U.S. Senate. The resolution was moved for adoption by Commissioner Scurlock , and the motion was seconded by Commissioner Bowman and, upon being put to a vote, the vote was as follows: Chairman Carolyn K. Eggert Aye Vice Chairman Margaret C. Bowman Aye Commissioner Don C. Scurlock, Jr. Aye Commissioner Richard N. Bird Absent Commissioner Gary C. Wheeler Aye The Chairman thereupon declared the resolution duly passed and adopted this 19 day of May , 1992. Jeffr y� art Cler du BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA B, Y Carol K K. KE t Chai an