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<br />I <br />I <br />I <br />I <br />I <br />I <br />, I <br />! I <br />i I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />they should almost totally reduce the conununity's flood hazard vulnerability. In addition, the <br />natural and beneficial values offloodplains in the conununity will be preserved and enhanced. <br /> <br />Non-Structural Flood Hazard Mitil!ation <br /> <br />1. Creation ofWetIands and the Wetland Banking Program <br /> <br />As an integral part of La Junta and Otero County's Pre-Disaster Flood Hazard Mitigation Plan, <br />wetlands within floodplain areas will be created, Their creation will constitute a "bank". The <br />wetlands will be similar to "new funds". When and if, wetlands are impacted outside the 100- <br />year floodplain due to development, these "new funds" can be used as payments for the loss. <br /> <br />2. Flood Insurance <br /> <br />Through an improved education program with local insurance agents and lenders, La Junta and <br />Otero County proposes to increase its flood insurance policy base by 5 percent a year for the <br />next 5 years. Current coverage is 18% of all structures in the l00-year floodplain in the <br />conununity. Workshops for lenders and agents will be intensified in the conununity. <br />. Conununity officials will provide local lenders addresses and owners names located in the <br />identified l00-year floodplain, Following the workshop, floodplain residents will be invited to <br />a "town meeting". The advantages of purchasing flood insurance will be presented as well as <br />retrofitting techniques that can be undertaken by individuals to reduce future flood losses. <br /> <br />3. Acquisition and Relocation <br /> <br />Acquisition is a mitigation technique whereby flood prone properties are acquired/purchased by <br />an entity (usually govenunental) and removed from the site. The property is then usually left as <br />open space in perpetuity. Relocation is a mitigation technique whereby flood prone properties <br />are moved out of the flood hazard area to a safe location and the site is left as open space, <br /> <br />When funding is available, La Junta and Otero County plan to acquire remaining homes and <br />move them to a non-flood prone location. Once this action has been completed, the City of La <br />Junta and Otero County will designate the area as open space by resolution. In addition, a <br />deed restriction will be placed on the property to assure that open space will be the use of the <br />property in perpetuity, <br /> <br />18 <br />