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1? C1'e-~~1 ..l. e 1 C..l. Emergency Managem:':"I'T Washington, D.C ~O+7'2 ~\zency .~ , ~ April 22, 1983' Mr. Ralph E, Wyant President, Boone Town Council Pueblo Co. Courthouse 10th & Main Sts. Pueblo, CO 81003 Wr~~~~:~ ~ ,lIt R . I.~OLORA\")O WATE cn"\lS"":"'W:O~'\ E0Af'D cear Mr, Wyant: I am please:3 to announce that your =umunity's applicati'xl ~.J ,>~rticipate in the National Floed Insurance Program is approve:3. In acconl"';lce with Section 1336 of the National Floed Insurance Act of 1968, I aI!\:lutl^.odzing t.he sal'= of floed insurance in your canmunity urrler the emergency progt:'a.n, effect.iv,,, 4-28-83, 1983. This means that fe:3erally subsidize:3 floed insurance is nCM available to local property owners am can be purchase:) frOll any property insurance agent or broker license:l to do business in the area in which t11e property to be insure] is locate:!. I hope your canmunity's property owners will take this oppxtunity to obtain insurance protection against losses frOll future floed ing. Coverage which applies not only to all buildings but their contents as ~ll is afforoe:l at reasonable rates; hence, building owners, as ~ll as tenants, may obtain floed insurance coverage to protect their real am personal property. Under the Floed Disaster Protection Act of 1973, as amended, floed insurance must be obtaine:l by those seeking any form of Federal financial assistance for construction or acquisition of buildings in the Federal Emergency Management i'J:jency identified special floed hazaro areas in your camnuni ty. Such assistance ~uld inclLrle FHA insured am VA arrl FMHA guarantee:l rrortgages am direct loans, Federal disaster relief loans am grants, as ~ll as other types of similarly described assistance fram Federal agencies. In a:ld i tion, all loans obtained frOll fe:lerally-regulated, supervise:) or insured lerrling institutions which are secured by improved real estate located in the special floed hazaros areas are also corrlitioned up:m the borrower obtaining floed insurance coverage on the building securing the loan. We stroo:;ly encourage everyone having a financial interest in property located in special floed hazaro areas to purchase am maintain floed insurance coverage to protect their invesbnent. Your camnuni ty I S oro inance has been approved; however, in the oro inance the term "habi table" and the definition for "habitable floor" should be deleted. The term "lowest floor (incltrl ing basanent)" is preferred to avoid confusion in implementing the construction stamaros of your oroinance. A revise:) copy of your canmuni ty' s oro inance should be submi tte3 to this office as soon as p:lssible.