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<br /> <br />Federal Emergency ~Janagen <br />Washington. D.C ~()~~::: <br /> <br />2'f:nCV <br /> <br />April 22. 1983' <br /> <br />Mr. Ralph E. Wyant <br />President, Boone Town Council <br />Pueblo Co. Courthouse <br />10th & Main Sts, <br />Pueblo, CO 81003 <br /> <br />Dear Mr. Hyant: <br /> <br />I am please:3 to announce that your camnunitj's apJ..!licati,)r~ ~~ ,..~;:ticipate in the <br />National Floo:l Insurance Progran is approved. In accClL'l"'ClGI= with Section 1336 <br />oe the National Floo:l Insurance Act of 1968, I am,,-.:t~xizing the s32,= of floo:l <br />insurance in your ccmnunity unler the energency pro,jt:3.:1, effecti...,,, 4-28-83. <br />1983. This ,reans that federally subsidized floo:l insura:1ce i.3 nc..; available to <br />local property a;mers am can be purchased fron any property insurance agent or <br />broker licensed to do business in the area in which w1e property to be insureJ <br />is locate3_ <br /> <br />I hope your ccmnunity's property a;mers will take. this opfX)rtunity to obtain <br />insurance protection against losses fron future floo:ling. Coverage which <br />applies not only to all buildings but their contents as well is affow€rl at <br />reasonable rates; hence, building a;mers, as well as tenants, may obtain floo:l <br />insurance coverage to protect their real am personal property. <br /> <br />Urrler the Floo:l Disaster Protection Act of 1973, as anerded, floo:l insurance <br />must be obtained by those seeking any form of Federal financial assistance for <br />construction or acquisition of buildings in the Federal Emergency Managenent <br />Agency identified special floo:l hazard areas in your c:orrnunity. Such assistance <br />would inchrle FHA insured am VA ard FMHA guaranteed rrortgages am direct loans, <br />Federal disaster relief loans am grants, as well as other types of similarly <br />described assistance fron Federal agencies. <br /> <br />In cddition, all loans obtained fron federally-regulate3, supervised or insured <br />lerding institutions which are secured by improved real estate located in the <br />special floo:l hazards areas are also corditionErl Up::>n the borra..oer obtaining <br />floo:l insurance coverage on the building securing the loan. We strongly <br />encourage everyone having a financial interest in property located in special <br />floo:l hazard areas to purchase am maintain floo:l insurance coverage to protect <br />their investment. <br /> <br />Your exmnunity's ordinance has been approved; however, in the ordinance the tem <br />"habitable" am the definition for "habitable floor" stould be deleted. The <br />tem "lowest floor (incluHng basenent)" is preferre:'l to avoid confusion in <br />iI\lplanenting the construction stardards of your owinance. A revised copy of <br />your exmnunity's ordinance sh;>uld be sutmitte3 to this office as soon as <br />fX)ssible. <br />