Resolution 026-2022 RESOLUTION NO. 026 -2022
A RESOLUTION OF MONROE COUNTY BOARD OF COUNTY
COMMISSIONERS EXPRESSING CONCERN THAT FEMA'S
RISK RATING 2.0 WILL INCREASE NATIONAL FLOOD
INSURANCE POLICY PREMIUMS AND SUPPORTING THE
NATIONAL FLOOD INSURANCE PROGRAM
REAUTHORIZATON AND REFORM ACT THAT INCLUDES
PROVISIONS TO PROTECT AFFORDABILITY,
SPECIFICALLY THE IMPLEMENTATION OF A CAP ON
ANNUAL PREMIUM INCREASES OF NO MORE THAN 9%,
AND OTHER MEASURES THAT STRENGTHEN THE
PROGRAM AND ENCOURAGE FLOOD RISK MITIGATION;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, flooding is the number one natural disaster in the United States; and
WHEREAS, the National Flood Insurance Program ("NFIP') is a program created by Congress to
mitigate future flood losses across the United States, by providing access to affordable flood insurance
protection for property owners and to provide an insurance alternative to disaster assistance to meet the
increasing costs of repairing damage to buildings and their contents caused by floods; and
WHEREAS, the NFIP must be reauthorized by Congress every five years. The current
authorization expired on September 30, 2017. Since then, Congress has authorized numerous short-term
extensions of the program,with the most current extension set to expire on February 18, 2022; and
WHEREAS, the NFIP maintains a significant role in providing financial protection against flood
events to Florida's and Monroe's residential and commercial property owners; and
WHEREAS,the State of Florida has the highest number of NFIP policies,with over 1.7M policies
and 35% of the national portfolio; with the highest insured value at $442B; and the highest annual
premiums paid at$976M; and
WHEREAS, Monroe County has over 31,000 NFIP policy holders with about $7.5B in insured
value; and
WHEREAS, the Monroe County Board of County Commission has long recognized flood
insurance affordability as (1).a critical pocketbook issue for our residents and business owners, (2) an
important component of affordable housing,and(3)a significant factor in our community's property values
and tax base; and
WHEREAS, Monroe County continues to demonstrate its commitment to responsible flood plain
management and to reducing flood risk in our communities by its participation in the Community Rating
System (CRS) and its advancement from CRS Class 10 in 2016 to a Class 3, which will officially take
effect in April 2022; and
WHEREAS, FEMA has begun the implementation of Risk Rating 2.0 which takes effect for all
new policies as of October 1, 2021 and for all existing policies upon renewal after April 1, 2022; and
WHEREAS,Risk Rating 2.0 will dramatically change the way FEMA prices NFIP premiums, and
will now account for series of new flood risk factors for individual properties including: proximity to the
coast,propensity for heavy rainfall and storm surge, prior flood claims and the cost to rebuild—all factors
that will inevitably subject coastal communities like Monroe County already challenged by high housing
costs to even higher flood insurance premiums; and
WHEREAS, NFIP policy holders are already subject to steep annual premium increases of up to
18%for primary homeowners and 25%for commercial and repetitive loss properties that were set in law
in 2014; and
WHEREAS,the Monroe County Commission believes that these rate caps are steep,unaffordable
and unsustainable for NFIP policy holders and is deeply concerned that Risk Rating 2.0 will exacerbate
pressure on flood insurance premiums; and
WHEREAS,the Monroe County Commission believes a lower annual increase cap will provide a
more gradual and reasonable glide path of increases, and therefore greater economic stability and fairness;
and
WHEREAS, on November 2, 2021, the National Flood Insurance Program Reauthorization and
Reform Act ("NFIP-RE") was introduced in the United States Senate, and on November 15, 2021
companion bill HR 5812,was introduced in the United States House of Representatives; and
WHEREAS,this legislation will strengthen the NFIP, protect policy holders, and boost flood risk
mitigation by doing the following:
• Reauthorizing NFIP for the next five years,
• Capping annual premium increases to 9% (on all properties irrespective of use),
• Boosting the amount for Increased Cost of Compliance (to encourage individual property
mitigation efforts),
• Redirecting the program's interest payment on the debt to community-wide mitigation
programs; and
WHEREAS,the Monroe County Commission strongly urges Congress to pass this legislation that
will finally provide long-term NFIP reauthorization legislation, with an affordable and sustainable glide
path for premium increases to guard against impacts from Risk Rating 2.0,and that encouraging meaningful
mitigation efforts and continued responsible flood plain management; and
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY,FLORIDA:
1. The above recitals are hereby incorporated into this resolution as restated herein constitute the
legislative findings and intent of the Board of County Commissioners of Monroe County, Florida.
2. The Clerk for this Board shall furnish copies of this resolution via email and regular mail to:
• U.S. Senator Marco Rubio
• U.S. Senator Rick Scott
• U.S. Representative Carlos Gimenez, District 26
• U.S. Representative Maxine Walters, House Financial Services Committee Chair
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a
regular meeting of said Board held on the 21st day of January 2022.
Mayor David Rice Yes
Mayor Pro Tern Craig Cates Yes
Commissioner Michelle Coldiron Yes
District 3 Commissioner,vacant Vacant
f� Commissioner Holly Merrill Raschein Yes
cEZ
'� Y
dr t BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
. evin Madok, Clerk
By: G7By:
As Deputy Clerk Mayor David Rice
APPROVED AS TO FORM AND LEGAL SUFFICIENCY
Robert B. Shillinger, Monroe County Attorney
c Digitally signed by Robert B.Shillinger
)1 DN:cn=Robert B.Shillinger,o=Monroe County
Robert B. Shillinger`'•BOCC,ou=Monroe County Attorney,
email=shillinger-bob@monroecounty-fl.gov,c=US
Date:2022.01.14 14:15:48-05'00'
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o.ay�� ;.. Kevin Madok, CPA
t . ' Clerk of the Circuit Court&Comptroller—Monroe County, Florida
January 28, 2022
Honorable U.S. Senator Marco Rubio
7400 SW 87th Avenue, Suite 270
Miami FL 33173
Honorable Senator Rubio,
Enclosed is a copy of Resolution No. 026-2022 urging reforms to the National Flood
Insurance Program that include protection from the potential increases to flood insurance
premiums as a result of the implementation of Risk Rating 2.0 by limiting annual increases to flood
insurance premiums to no more than 10%per year, and supporting federal legislation recently
introduced in Congress that include these reforms.
Also enclosed is a copy of Resolution No. 027-2022 supporting passage of the federal
Commitment to Veteran Support and Outreach Act that will provide additional funding to
Monroe's Veterans Affairs Department that serves and supports the County's veterans and their
families.
These Resolutions were adopted by the Monroe County Board of County Commissioners
at a regular meeting, held in formal session, on January 21, 2022. Should you have any questions
please feel free to contact me at (305) 292-3550.
Respectfully Submitted,
Kevin Madok, CPA, Clerk of the
Circuit Court and ex-officio to the
Monroe County Board of County
Commissioners
By.• Pamela G. Hancock, D.C.
cc: Legislative Affairs
County Attorney
File
KEY WEST MARATHON PLANTATION KEY PK/ROTH BUILDING
500 Whitehead Street 3117 Overseas Highway 88820 Overseas Highway 50 High Point Road
Key West,Florida 33040 Marathon,Florida 33050 Plantation Key,Florida 33070 Plantation Key,Florida 33070
305-294-4641 305-289-6027 305-852-7145 305-852-7145
c�R couRrQ
4f::-. .4:A Kevin Madok, CPA
�;
30 �`:''''' Clerk of the Circuit Court&Comptroller—Monroe County, Florida
ayoE coup•
January 28, 2022
Honorable U.S. Senator Rick Scott
111 N Adams Street, Suite 208
Tallahassee FL 32301
Honorable Senator Scott,
Enclosed is a copy of Resolution No. 026-2022 urging reforms to the National Flood
Insurance Program that include protection from the potential increases to flood insurance
premiums as a result of the implementation of Risk Rating 2.0 by limiting annual increases to flood
insurance premiums to no more than 10%per year, and supporting federal legislation recently
introduced in Congress that include these reforms.
Also enclosed is a copy of Resolution No. 027-2022 supporting passage of the federal
Commitment to Veteran Support and Outreach Act that will provide additional funding to
Monroe's Veterans Affairs Department that serves and supports the County's veterans and their
families.
These Resolutions were adopted by the Monroe County Board of County Commissioners
at a regular meeting, held in formal session, on January 21, 2022. Should you have any questions
please feel free to contact me at(305) 292-3550.
Respectfully Submitted,
Kevin Madok, CPA, Clerk of the
Circuit Court and ex-officio to the
Monroe County Board of County
Commissioners
By: Pamela G. Hancock, D.C.
cc: Legislative Affairs
County Attorney
File
KEY WEST MARATHON PLANTATION KEY PK/ROTH BUILDING
500 Whitehead Street 3117 Overseas Highway 88820 Overseas Highway 50 High Point Road
Key West,Florida 33040 Marathon,Florida 33050 Plantation Key,Florida 33070 Plantation Key,Florida 33070
305-294-4641 305-289-6027 305-852-7145 305-852-7145
;��. Z*Mi Kevin Madok, CPA
P.
Clerk of the Circuit Court&Comptroller—Monroe County, Florida
January 28, 2022
Honorable U.S. Representative Carlos Gimenez
14221 SW 120th Street#115
Miami FL 33186
Honorable Representative Gimenez,
Enclosed is a copy of Resolution No. 026-2022'urging reforms to the National Flood
Insurance Program that include protection from the potential increases to flood insurance
premiums as a result of the implementation of Risk Rating 2.0 by limiting annual increases to flood
insurance premiums to no more than 10%per year, and supporting federal legislation recently
introduced in Congress that include these reforms.
Also enclosed is a copy of Resolution No. 027-2022 supporting passage of the federal
Commitment to Veteran Support and Outreach Act that will provide additional funding to
Monroe's Veterans Affairs Department that serves and supports the County's veterans and their
families.
These Resolutions were adopted by the Monroe County Board of County Commissioners
at a regular meeting, held in formal session, on January 21, 2022. Should you have any questions
please feel free to contact me at(305) 292-3550.
Respectfully Submitted,
Kevin Madok, CPA, Clerk of the
Circuit Court and ex-officio to the
Monroe County Board of County
Commissioners
By: Pamela G. Hancock, D.C.
cc: Legislative Affairs
County Attorney
File
KEY WEST MARATHON PLANTATION KEY PK/ROTH BUILDING
500 Whitehead Street 3117 Overseas Highway 88820 Overseas Highway 50 High Point Road
Key West,Florida 33040 Marathon,Florida 33050 Plantation Key,Florida 33070 Plantation Key,Florida 33070
305-294-4641 305-289-6027 305-852-7145 305-852-7145
I`J�(GOfIRTQ\1I
.;'-.7.4."0 Kevin Madok, CPA
Clerk of the Circuit Court& Comptroller—Monroe County, Florida
January 28, 2022
Honorable U.S. Representative Maxine Walters
2851 W 120th Street, Suite H
Hawthorne CA 90250
Honorable Representative Walters,
Enclosed is a copy of Resolution No. 026-2022 urging reforms to the National Flood
Insurance Program that include protection from the potential increases to flood insurance
premiums as a result of the implementation of Risk Rating 2.0 by limiting annual increases to flood
insurance premiums to no more than 10%per year, and supporting federal legislation recently
introduced in Congress that include these reforms.
This Resolution was adopted by the Monroe County Board of County Commissioners at a
regular meeting, held in formal session, on January 21, 2022. Should you have any questions
please feel free to contact me at(305) 292-3550.
Respectfully Submitted,
Kevin Madok, CPA, Clerk of the
Circuit Court and ex-officio to the
Monroe County Board of County
Commissioners
By: Pamela G. Hancock, D.C.
cc: Legislative Affairs
County Attorney
File
KEY WEST MARATHON PLANTATION KEY PK/ROTH BUILDING
500 Whitehead Street 3117 Overseas Highway 88820 Overseas Highway 50 High Point Road
Key West,Florida 33040 Marathon,Florida 33050 Plantation Key,Florida 33070 Plantation Key,Florida 33070
305-294-4641 305-289-6027 305-852-7145 305-852-7145