Laserfiche WebLink
Page 10 ' <br /> Honorable Brad Van Nest - <br /> Page Three • � <br /> rates increase as the first floor elevation (including basement) of new <br /> construction decreases in relation to the base flood elevations established <br /> for your community. This is an important consideration for new construction <br /> since building at a higher elevation can greatly reduce the cost of <br /> flood insurance. Also, on the effective date of your community's FIRM, <br /> additional "second layer" coverage, which will double the available <br /> coverage, will become available. First layer coverage on existing <br /> structures built prior to the effective date of the. FIRM will continue <br /> to be available at subsidized rates (unless substantial improvements are <br /> made) ; it will also be available at actuarial rates and can be purchased <br /> at whichever rate is lower. <br /> If your community is encountering difficulties in enacting the flood <br /> plain management measures, we urge you to contact FIA. You may either <br /> contact the Office of the Federal Znsurance Administration, Regional <br /> Director in Chicago at (312) 353-0757 o'r members of our staff in Washington, <br /> D. C. at (202) 426-1891 to assist you with any problems in interpreting <br /> the program regulations, or with any other difficulties you might be <br /> having in meeting the program requirements. <br /> Sincerely, <br /> . Gloria M. Jimenez <br /> Federal Insurance Administrator <br /> �%���L�// <br /> By Richard W. Krim� <br /> Assistant Administrator <br /> for Flood Insurance <br /> Enclosures <br />