HomeMy WebLinkAbout1976 01-06 Maplewood studies flood insurance THE REVIEW r
Maplewood studies flood insurance yfl�i7b
A flood insurance study is being and all other areas subject to flooding
initiated for the city of Maplewood.This with the city.
study includes flood plain maps showing The people most directly affected by the
the area that would be inundated by a 100 issuance of this study are those living
year flood,flood elevation profiles and near these areas. They and any other
flood insurance rate maps for the use of interested persons are invited to attend a
financial institutions and insurance public meeting Jan.27 at 7:30 p.rn.in the
agents in determining who must purchase Council Chambers in the City Hall,1380
flood insurance and the cost of the in- Frost ave.,where the study results will be
surefire. presented for public inspection.
Final issuance of this study will mark a Representatives of HUD, Barr
change in the city of Maplewood's status Engineering and the State Department of
in the federal flood insurance program Natural Resources will be on hand to
from the "Emergency Phase" to the explain the study and answer questions
"Regular Phase." about the flood insurance program.
At that time,the amount of flood in-
surance now available to homeowners
and businessmen in Maplewood will be
doubled. The additional amounts of in-
surance will be subject to actuarial risk
rates rather than the Federally sub-
sidized rates which-are presently
available.
In addition,the city will be required to
adopt and enforce a flood plain ordinance
to regulate all new construction and
substantial rehabilitation in the flood
hazard areas designated in the report.
This study was funded by the U.S.
Department of Housing and Urban
Development and covers lakes,streams