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<br />. . <br /> <br />o <br /> <br />. <br /> <br />. <br /> <br />Mr. Howard Roland <br />Page Three <br /> <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 /> <br /> <br />If your community is encountering difficulties in enacting the flood <br />plain management measures, we urge you to contact FlA. You may either <br />contact the Office of the Federal Insurance Administration, Regional <br />Director in Denver at (303) 837-5041 or 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 /> <br />Sincerely, <br /> <br />J. Robert Hunter <br />Deputy Federal Insurance Administrator <br /> <br />tR~Aj 4~~ <br /> <br />By Richard ~::.n <br />Assistant Administrator <br />for Flood Insurance <br /> <br />Enclosures <br /> <br />, <br />1 <br />t <br /> <br /> <br />'"~,.,- - -- <br /> <br />. <br /> <br />~ - <br /> <br />. <br />