Laserfiche WebLink
<br />Mr. Donald E. Barrett <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 />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 /> <br />D~:;;;v~:~or <br /> <br /> <br />By Richard W. Krimm <br />Assistant Administrator <br />for Flood Insurance <br /> <br />Enclosures <br /> <br />~ <br /> <br />, <br />I <br />