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Resolution 039-1994 r:,! E-r' "",'- . I_.L' ;"U ..nr'np, .. '. -' ""'~ . '1 '94 FEB -4 P2 :16 Mayor Emeritus Harvey 1 jl,fJNP RESOLUTION NO. 039 -1994 'L j i ~ . A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, OPPOSING SENATE BILL 1405 REGARDING THE NATIONAL FLOOD INSURANCE REFORM ACT OF 1993 AS IT IS CURRENTLY WORDED, AND RECOMMENDING CERTAIN CHANGES WHICH WOULD MAKE THE PROPOSED LAW ACCEPTABLE WHEREAS, the current Bill is being deliberated in the U.S. Senate as the National Flood InS\lranCe Reform Act of 1993; and WHEREAS, the Bill recognizes the need for reform of the present National Flood Insurance program to be more actuarially sound; and WHEREAS, the Bill would require mapping the entire United States coastline at a cost of $25,000,000 from policy premiums to establish 30 year and 60 year erosion control zones; and WHEREAS, the establishment of 30 year and 60 year erosion control zones is arbitrary and unpredictable throughout the entire coast of the United States on a standardized basis and is highly controversial; and WHEREAS, the Bill does not permit flood insurance for any new construction or additions to existing structures in the 30 year zone; and WHEREAS, the Bill does not permit flood insurance for any non-residential structure or residential structure that is not readily movable in the 60 year zone; and WHEREAS, existing structures are grandfathered into the Bill but will ultimately be denied insurance after two claims totaling 50 per cent within ten years; and WHEREAS, this Bill would prohibit federally backed mortgage financing institutions from financing structures within flood prone areas unless such structures were insured under the Nation- al Flood Insurance program; and WHEREAS, this 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 stIch property; and WHEREAS, the Property Appraiser of Monroe County has de- termined that the coastal properties of the county have a current assessed value of $3,400,000,000 and this amount constitutes 48 per cent of the Monroe County tax roll and has concluded that this Bill would drastically reduce the tax base of Monroe County; and WHEREAS, this Bill would impose no similar prohibitions on the insurability of structures within other areas of the nation which are chronically and predictably flood prone, such as the riverine areas, even though statistics show that number and value of flood insurance claims from riverine areas have exceeded those from coastal areas; and WHEREAS, the severe economic impact of the Bill on coastal tax bases has not been considered and this impact far exceeds the intent of the Bill; and WHEREAS, the Senate should not enact this Bill in its current form due to this inequity and fundamental unfairness to coastal property owners; now, therefore BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, as follows: Section 1. The Board urges the Senate to reject Senate Bill 1405 in its current form due to its devastating impact on the tax base and fundamental unfairness to the nation's coastal property owners, and in particular, those in Florida who make up more than 43 per cent of all National Flood Insurance program policy holders. Section 2. The Board strongly recommends ~ that the actuarial soundness of the National Flood Insurance program be significantly increased by enforcing regulations to mandate that the other 8.5 million uninsured structures in federally designat- ed flood areas be brought into compliance. Section 3. The Board further recommends that the controversial and scientifically unreliable mapping to create 30 and 60 year coastal zones of erosion be deleted until the chronic and repetitive riverine losses are addressed. Section 4. The Clerk of the Board is hereby directed to forward certified copies of this Resolution to U.S. Senators Bob Graham and Connie Mack and all Florida members of the U.S. House of Representatives. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of the Board held on day of January , 1994. the 20th Mayor London Mayor Pro Tem Cheal yes yes Commissioner Freeman yes Commissioner Harvey yes Commissioner Reich yes (SEAL) ATTEST: DANNY L. KOLHAGE, CLERK Byilo-U c,. \Qu [d~ . Deputy Clerk[ viifira a1.rman APPFlOVED AS TO FO"':,.~ AN..DF"" ~,~ . . /-/1 9~ 1!lannp JL. liolbage BRANCH OFFICE 3117 OVERSEAS HIGHWAY MARATHON, FLORIDA 33050 TEL. (305) 289-6027 CLERK OF THE CIRCUIT COURT MONROE COUNTY 500 WHITEHEAD STREET KEY WEST, FLORIDA 33040 TEL. (305) 292-3550 BRANCH OFFICE 88820 OVERSEAS HIGHWAY PLANTATION KEY, FLORIDA 33070 TEL. (305) 852-7145 February 9, 1994 Honorable Bob Graham United states Senator 241 Dirksen state Office Building Washington, DC 20510 Honorable Connie Mack unites states Senator 517 Hart Senate Office Building Washington, DC 20510 Dear Senator Graham: Please be advised that at a Regular Meeting in formal session on January 20, 1994, the Board of County Commissioners of Monroe County adopted Resolution No. 039-1994, opposing Senate Bill 1405 regarding the National Flood Insurance Reform Act of 1993 as it is currently worded, and recommending certain changes which would make the proposed law acceptable. Enclosed please find a certified copy of this Resolution for your consideration. Very tru~y yours, Danny L. Kolhage Clerk of Circuit Court and ex officio Clerk to the Board of County Commissioners By: lb~l) C. Ov~ Isabel C. DeSant~, Deputy Clerk cc: Florida Members of the U.S. House of Representatives Members of the Florida Cabinet Federal Emergency Mnagement Administration Monroe County Property Appraiser Monroe County Tax Collector Monroe County Attorney Monroe County Commissioners File