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<br />. <br />I <br />, <br /> <br />To locate the edge of the flood plain by simple scaling <br />methods, measure the distance on the map from two or more physical <br />features, that can be identified both on the map and in the <br />field, to the edge of the flood plain. The flood plain limits <br />can then be established by laying out the measured distances <br />in the field. <br /> <br />, <br />, <br />I <br /> <br />After the county Flood Insurance Study is completed and <br />Larimer County adopts flood plain management regulations, a <br />FLood Insurance Rate Map (FIRM) will be issued and Larimer <br />County will enter the Regular Flood Insurance Program. <br />The FIRM delineates areas in which flood insurance will be <br />sold at actuarial rates - those based on determination of <br />actual risk. (Actuarial rates do not apply to those <br />structures existing before the effective date of the <br />insurance rate map). New construction is permitted in the <br />flood plain but is covered only by actuarial rates, which <br />would be lower than subsidized rates if the new construction <br />conforms to FIA Flood Plain Management Specifications or <br />considerably higher if constructed at hazard elevations. <br /> <br />FLOOD INSURANCE <br /> <br />The National Flood Insurance Program established by Congress <br />in 1968 and amended by the Federal Disaster Protection Act of <br />1973 is partially designed to protect citizens from financial <br />loss if they own property in a flood hazard area. This Act <br />provides affordable insurance through federal subsidies to <br />citizens in communities that adopt and enforce regulations <br />controlling future development in flood hazard areas. <br /> <br />Flood insurance policies are sold by locally licensed <br />insurance agents. Far additional information on rates and <br />coverage, contact your local insurance agent. or the Flood <br />Insurers Association Servicing Company for Colorado at <br />(303) 861-0561. <br /> <br />In June 1974, Larimer County applied for participation <br />in the National Flood Insurance Program and was accepted July <br />2, 1974 under the Emergency Phase. Community eligibility <br />enables citizenSj regardless of location, to purchase flood <br />insurance at subsidized rates. Property owners can purchase <br />up to $35,000 worth of insurance at an annual rate of 25 cents <br />per 5100.00 coverage and 35 cents for content far residential <br />structures. Coverage for commercial structures is also available. <br /> <br />I <br />I <br />I <br />I <br />, <br />I <br /> <br />At this time, the FIA is continuing with the Flood Insurance <br />Studie. on other streams in the county. This additional county <br />flooa ha~ara information will be available in the near future. <br /> <br />-18- <br /> <br />-19- <br />