93-46 v RESOLUTION 93-46
A RESOLUTION OF THE CITY COMMISSIONERS OF
ATLANTIC BEACH, 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 Insurance 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 U. S .
coastline at a cost of 25 million dollars 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 in 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 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% 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
National 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 such
property ; and
WHEREAS , this Bill would impose no similar prohibitions on
the areas , even though statistics show that number and value of
flood insurance claims from riverine area have exceeded those
from coastal area ; 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 CITY COMMISSIONERS OF
ATLANTIC BEACH, FLORIDA, THAT :
1 . The City Commission 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 .
2 . The City Commission 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 in federally designated flood areas be brought into
compliance .
3 . The City Commission 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.
This Resolution shall take effect immediately upon its final
passage and adoption.
Passed by the City Commission this 11th day of October ,
1993 .
ATTEST:
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I kilL Z141.44 /Ali
vv 99;:i/I
Maureen King ¶ rilliam I . Gullif .rd , '
City Clerk Mayor , Presiding Offic =
Appr•ved as to orm and correctness :
/ A01100.:n;,
C. e n , Esquire
'City Att . ney