Exh 3AAGENDA ITEM #3A
SEPTEMBER 23, 2002
September 16, 2002
MEMORANDUM
TO: The Honorable Mayor
and Members of the City Commission
FROM: Jim
SUBJECT: Follow-up
Flood Insurance; A question was raised at the last Commission Meeting about what help the
City of Atlantic Beach could expect from the federal government in the event of a major flood
and whether or not the City should have flood insurance. Any City building that is in the 100-
yeaz flood plain must have National Flood Insurance Program (NFIP) insurance or FEMA will
reduce the amount to be paid for each structure in the amount of the insurance coverage that we
could have had which is•up to $500,000 per building and $500;000 for contents. Four City
buildings are in the 100 year flood plain, including City Hall, the Police Station and the
Commission Chambers. The value of these buildings is listed at $2.85 million and contents at
$500,000. Staffwill do some additional reseazch on this subject prior to malting any
recommendation to the Commnission on the possible purchase of flood insurance.
Notification of New Sign Regulations; Notices are being sent out to all azea sign companies and
Atlantic Beach businesses of the new sign regulations that have been adopted by the City
Commission eazlier this month.