HomeMy WebLinkAboutR-93-54RESOLUTION NO. R-93-54
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER
COUNTY, FLORIDA, OPPOSING SENATE BILL 1405 REGARDING
THE NATIONAL FLOOD INSUI~NCE REFOR~ ACT OF 1993 AS IT
IS CURRENTLY WORDED, AND RECOMMENDING CERTAIN CHANGES
WHICH WOULD MAKE THE PROPOSED LAW ACCEPTABLE; PROVIDING
FOR THE REPEAL OF RESOLUTIONS OR PARTS OF RESOLUTIONS
iN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the current Bill is being deliberated in the U.S.
Senate as the National Flood Insurance Reform Act of 1993; and
WHEREAS, the Bill recognizes the need for reform of the
present National Flood Insurance Program (NFIP) to be more
actuarily sound; and
WHEREAS, the Bill would require mapping the entire U.S.
Coastline at a cost of $25-million from policy premiums to
establish 30 year, and 60 year erosion control zones; and
WHEREAS, the establishment of said 30 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 located
within the 30 year zone; and
WHEREAS, the Bill does not permit flood insurance for any
nonresidential structure or residential structure that is not
readily movable within the 60 year zone; and
WHEREAS, existing structures are grandfathered into the Bill
but will ultimately be denied insurance after two claims totaling
50% within ten years; and
WHEREAS, this Bill would greatly diminish the value of
property within virtually every coastal community in the Nation
because owners could not insure the structures of their property
or sell to buyers having to finance the purchase of such
property; and
WHEREAS, this Bill would impose no similar prohibitions on
the insurability of structures within the Riverine areas of the
nation which are chronically and predictably flood prone, even
though statistics show that number and value of flood insurance
claims from Riverine areas have exceeded those from coastal
areas; and
WHERE&S, the severe economic impact of the Bill on coastal
tax bases has not been fully considered; 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 CITY COUNCIL OF
SEBASTIAN, FLORIDA, THAT:
SECTION 1. The City Council 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 percent of all NFIP policy holders.
SECTION Z. The City Council strongly recommends that the
actuarial soundness of the NFIP be significantly increased by
enforcing regulations to mandate that the other 8.5 million
uninsured structures to federally designated flood areas be
brought into compliance.
SECTION $. The City Council 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. CONFLICT. Ail other resolutions or parts of
resolutions in conflict herewith are hereby repealed.
SECTION 5. EFFECTIVE DATE. This Resolution shall take
effect immediately upon its adoption.
The foregoing Resolution was moved for adoption by
councilmember J J The motion was seconded by
Councilmember~~,.~/~) ~4~J~and, upon being put to a
vote, the vote was as follows:
Mayor Lonnie R. Powell
Vice-Mayor Frank Oberbeck
Councilmember Carolyn Corum
Councilmember Norma J. Damp
Councilmember Robert Freeland
The Mayor thereupon declared this Resolution duly passed and
adopted this ~day of ~~ /~1993.
~-l~ffn-ie R k.~l~, M~yor
ATTEST:
Kathryn M. O'Halloran, CMC/AAE
City Clerk
Approved a~o Form and Content:
Charles Ian Nash, di~Y Attorney