Resolution 202-2019 RESOLUTION NO. 202 - 2019
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY,FLORIDA URGING
THAT ANY REAUTHORIZATION OF THE NATIONAL FLOOD
INSURANCE PROGRAM MUST INCLUDE MEANINGFUL
AFFORDABILITY PROTECTIONS FOR ALL POLICY
HOLDERS, SPECIFICALLY A LOWER CAP ON ANNUAL
INCREASES; 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 September 30, 2019; 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 31,000 NFIP policy holders, $7.5B in insured value and pays
$38M in annual premiums; and
WHEREAS the Monroe County Commission has long supported the protection of affordability as
its number one reauthorization priority, recognizing it 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, on June 12, 2019, the House Financial Services Committee unanimously passed
legislation to reauthorize and reform the NFIP, known as H.R. 3167; and
WHEREAS, H.R. 3167 does not sufficiently protect affordability for all of its Monroe County's
NFIP policyholders; and
WHEREAS, H.R. 3167 proposes only a narrow, means-tested approach to affordability by
establishing a 5-year pilot program for primary home-owning policy holders who are at 80% AMI. For
these policyholders, the maximum chargeable premium rate will not exceed 2% AMI; and
WHEREAS, for all other policy holders, H.R. 3167 maintains the current, steep, annual premium
increases of 18% for primary homes and 25% for commercial properties and second homes established in
2014; and
Page 1 of 2
WHEREAS, robust affordability protections are further warranted by FEMA's new Risk Rating
2.0 pricing policy, to go into effect in October 2020; and
WHEREAS, Risk Rating 2.0 will dramatically change the way FEMA prices NFIP policies by
accounting for (1) a structure's distance to the water, (2) exposure to different types of flood risk (storm
surge, intense rainfall, etc.) and (3) the cost to rebuild — all factors that will inevitably subject high cost,
coastal communities like Monroe County to higher premiums; and
WHEREAS, H.R. 3167 does not account for the upward pressures on NFIP premiums from Risk
Rating 2.0, or FEMA's remapping efforts currently underway in Monroe County; and
WHEREAS, the Monroe County Commission believes that the caps on current annual increases
(18% on primary residences and 25% on rental properties, commercial properties and second homes) are
unsustainable for NFIP policy holders and that a lower cap,providing a more gradual and reasonable glide
path of increases, provides greater economic stability and fairness; and
WHEREAS, the Monroe County Commission believes it is imperative that Congress include in
any reauthorization legislation a significantly lower cap on annual percentage increase for premiums, and
specifically supports 5% cap on annual increases for all NFIP policyholders, on all properties;
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 to:
• U.S. Senator Marco Rubio
• U.S. Senator Rick Scott
• U.S. Representative Debbie Mucarsel-Powell, District 26
• U.S. Representative Maxine Waters, House Financial Services Committee Chair
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,
Florida, at a regular meeting held on the 17th day of July, 2019.
d3® Mayor Sylvia Murphy Yes 7
t' Mayor Pro Tern Danny Kolhage Yes r = c
ern. r-
`,.,, Commissioner Michelle Coldiron Yes es, -
=� , - � Commissioner Heather Carruthers Yes �'
."r, fA-i
a Commissioner David Rice Yes
moo`, ''`�,' j '�` -1 w iC
i•Q"SOT cous,' ' BOARD OF COUNTY COMMISSI NERS
ATTEST: KEVIN MADOK, CLERK OF MONRy CO - Y, I' ORIDA
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By: 67 BY: '
Deputy Clerk / a r Sylvia Murphy
MONROE COUrt 0 EY
APPRO - A i F M:
Page 2 of 2 RO IL INGER,JR.
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°°° 4.`� Kevin Madok, CPA
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' -1` Clerk of the Circuit Court& Comptroller—Monroe County, Florida
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July 18, 2019
Honorable Senator Rick Scott
United States Senate
716 Senate Hart Office Building
Washington DC 20510
Honorable Senator Rick Scott,
Attached is a copy of Resolution No. 202-2019 urging that any reauthorization of the
National Flood Insurance Program must include meaningful affordability protections for all policy
holders, specifically a lower cap on annual increases; and providing for an effective date.
This Resolution was adopted by the Monroe County Board of County Commissioners at a
regular meeting, held in formal session, on July 17, 2019. 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: 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
d5R C0Ugt:1 %
-J=.z,���,,o�f� y Kevin Madok, CPA
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$ '_ `b%
'���o••.==�' e.,P Clerk of the Circuit Court&Comptroller—Monroe County, Florida
July 18, 2019
Honorable Senator Marco Rubio
United States Senate
284 Russell Senate Office Building
Washington DC 20510
Honorable Senator Marco Rubio,
Attached is a copy of Resolution No. 202-2019 urging that any reauthorization of the
National Flood Insurance Program must include meaningful affordability protections for all policy
holders, specifically a lower cap on annual increases; and providing for an effective date.
This Resolution was adopted by the Monroe County Board of County Commissioners at a
regular meeting, held in formal session, on July 17, 2019. 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: 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�Rco Rra\‘,
4:4: °..N•,, Kevin Madok, CPA
F
'1 •••.- .. 1 Clerk of the Circuit Court& Comptroller—Monroe County, Florida
July 18, 2019
Honorable Representative Debbie Mucarsel-Powell
United States House of Representatives
114 Canon House Office Building
Washington DC 20515
Honorable Representative Debbie Mucarsel-Powell,
Attached is a copy of Resolution No. 202-2019 urging that any reauthorization of the
National Flood Insurance Program must include meaningful affordability protections for all policy
holders, specifically a lower cap on annual increases; and providing for an effective date.
This Resolution was adopted by the Monroe County Board of County Commissioners at a
regular meeting, held in formal session, on July 17, 2019. 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&Comptroller&
ex-officio to the Monroe County
Board of County Commissioners
by:Pamela G. Hancock, D.C.
cc: 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
1-•4JUu`•'o4f•' 00, Kevin Madok CPA
tt ...h�;•.� 5• Clerk of the Circuit Court&Comptroller—Monroe County, Florida
..
July 18, 2019
Honorable Representative Maxine Waters
House Financial Services Committee Chair
United States House of Representatives
2221 Rayburn House Office Building
Washington DC 20515
Honorable Representative Maxine Waters,
Attached is a copy of Resolution No. 202-2019 urging that any reauthorization of the
National Flood Insurance Program must include meaningful affordability protections for all policy
holders, specifically a lower cap on annual increases; and providing for an effective date.
This Resolution was adopted by the Monroe County Board of County Commissioners at a
regular meeting, held in formal session, on July 17, 2019. 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& Comptroller&
ex-officio to the Monroe County
Board of County Commissioners
by: Pamela G. Hancock, D.C.
cc: 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