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<br />Colorado Flood Hazard Mitigation Plan - 11199 :=:-- - <br /> <br />ard occurrence <br /> <br />Hazard vUlnerabilrty is not new to thE> Colorado state <br />and local emergency management or9anizations. The <br />risk of living in close proximity to pot.mtial hazards is <br />well understood, While such risk is generally accepted <br />to be uncontrollable, vUlnerabilrty to a hazard or multi. <br />hazards can be reduced according to the degree of <br />preparedness practiced and enjoyed by a community. <br />Hazard mitigation is a process in which aspects of thE> <br />natural and technological hazards on the population <br />are reduced or eliminated. <br /> <br />---~-'-----"'--~--'------l <br />I <br /> <br />2.4.1 Loss Potential <br />Loss potential in Colorado exists in 268 cities and <br />towns, All 63 Colorado counties have floodplains, Over <br />250,000 people now live in Colorado's floodplain, <br />Flood loss potential is estimated that: 65,000 homes <br />and 15,000 commercial, industrial and business struc.. <br />tures are in identified floodplains, <br /> <br />Total value of property, structure and contents at risk <br />from the 100-yearflood is now$11 billion (in 1999 dol.. <br />lars), Cumulative flood losses from the turn of the cen. <br />tury damaging floods exceed $4.4 b'lIion (1999 dol.. <br />lars), <br /> <br />In 1994, there were 9,893 flood insurance policies, In <br />1997, there were 14,058 policies in force, In July <br />1999, there were 15,203 flood insurance policies state. <br />wide wrth an insured value of $1,784,51l7,400, <br /> <br />2.4.2 Colorado Floodplain Management <br />Colorado is taking a proactive approach to floodplain <br />management and loss reduction. Only a few communi- <br />ties are not enrolled in the National Flood Insurance <br />Program. Floods in Colorado are occurring on an an- <br />nual basis, impacting many communities. Flood losses <br />each year are mounting due to existing development in <br />the floodplain, Several Colorado col1munities sub. <br />scribing to Project Impact are making a difference and <br />will see the results of their efforts during future flood <br />events. <br /> <br /> , <br /> CI Facts <br /> I <br />Total Total Coverage Number of Claims Paid , <br /> '1 <br />Premium Policies Total Claims Since Since 1978 j <br /> - - <br />$ 7,142,251 15,203 $1,784,587,400 1,429 $4,927,098 ~ <br /> - ~ <br />Source: FEMA Region 8 Flood Insurance Prograrn-'July 20, 1999 Figure 2.10 ~.j <br /> ;~ <br />, iIlIIl:~H<l!l!-l!I3!';:jlm~~I'~,,:: <':t""'~-,r:,*;r,,.r, - ;ro+lo-Hrrh!; ~riHW~~I-lI<<;'!lI~l'Ii11'~~'I'l-'lic'{!:~j~'rtMI)r N ~ 11 1;.; <br /> <br />t I ,II III <br /> <br />, <br />i <br />L <br /> <br />Chapter 2 -13 <br /> <br />12/23/9910:00 PM <br />