10-11-21 Regular Meeting - Laserfiche WebLink

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REQUEST FOR CITY COUNCILAGENDA ITEM Appropriation Agenda Date Requested:October 11, 2021 Requested By:Teresa Evans, Director Source of Funds:N/A Department:Planning and Development Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits:Chapter 94-Floods-SHOWING Budgeted Item:YesNo CHANGES; Chapter 94-Floods-CLEAN SUMMARY& RECOMMENDATION The City of La Porte(City)has participated in the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) since 1972. Participation in the NFIP is voluntary and based on a community's agreement to adopt and enforce, at a minimum, the Federal standards for building within a Special Flood Hazard Area (SFHA), also known as the FEMA floodplain or 100-year floodplain.The NFIP is designed so that floodplain management and flood insurance complement and reinforce each other.The partnership is established onthe provision that FEMA will make subsidized flood insurance available to the citizens of a community, provided that the community implements floodplain management regulations that meet or exceed the Federal minimum requirements. Effective October 1999, the City began participating in theNFIP Community Rating System (CRS).The CRS is a voluntary, federal program that rewards communities for exceeding the minimum standards of the NFIP in exchange for lower flood insurance premiums for eligible policy holders. The CRS is based on a points system whereby the number of points documented within the CRS series/activities translates to a flood insurance premium discount percentage. The City’s current Class 7 rating provides a 15% discount to flood insurance policyholders located in the floodplain, and a 5% discount to those outside the floodplain (excluding Preferred Risk Policies). Depending on the Class achieved, a community keeps its classification for three or five years. The City of La Porte’s 5-year Cycle Verification visit is scheduled for November 2021. Debbie Vascik ofCahoon Consulting is assisting the City with preparing for the five (5)year visit, with the additional goal of making a class improvement to a Class 6 rating.The goal of the modification is not onlyto reach 2,000 points for the Class 6, but also to provide a comfortable “credit cushion” in case activities and/or requirements