HomeMy WebLinkAbout1992-0765 / 29/92 (legal) RESO/Vk/ RD
RESOLUTION NO. 92- 76
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, OPPOSING SENATE BILL 1850
REGARDING TITLE XI - NATIONAL FLOOD
INSURANCE MITIGATION AND EROSION
MANAGEMENT ACT OF 1992, AS IT IS CURRENTLY
WORDED, AND RECOMMENDING CERTAIN CHANGES
WHICH WOULD MAKE THE PROPOSED LAW
ACCEPTABLE.
WHEREAS, the United States House of Representatives overwhelmingly
passed H. R. 1236, which, if enacted in the U.S. Senate, would materially
change the scope of the original National Flood Insurance Program
established in 1968; and
WHEREAS, the bill is currently being deliberated in the U.S. Senate as
S. 1650 (now Title XI - National Flood Insurance Mitigation and Erosion
Management Act of 1992); and
WHEREAS, the bill would require the establishment of 10 -year, 30 -year,
and 60 -year erosion control zones for every coastal community in the nation;
and
WHEREAS, the bill would ultimately prevent all structures within these
coastal erosion zones from being insured under the National Flood Insurance
Program; and
WHEREAS, the bill would prohibit mortgage financing institutions from
financing structures within flood -prone areas unless such structures are
insured under the National Flood Insurance Program; and
WHEREAS, the bill would therefore greatly diminish the value of
property within virtually every coastal community in the nation because
owners could not insure the structures on their property or sell to buyers
having to finance the purchase of such property; and
WHEREAS, the Property Appraiser of Indian River County has projected
the loss of value of this property for land on the barrier island alone,
without consideration of our mainland riverine areas, to be over $750,000,000
and has concluded that the bill would drastically reduce the tax base of
Indian River County; and
WHEREAS, the bill would impose no similar prohibitions on the
insurability of structures within other areas of the nation which are
flood -prone, such as riverine areas, even though statistics show that the
RESOLUTION NO.
92-76
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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