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<br />::''::.::::~':':':::: <br /> <br />...........h. <br />....h.uun. <br /> <br />Honorable Charles Struve <br />Page Three <br /> <br />............. <br />......n...... <br /> <br />rates increase as the fiJ:st floor elevation (including basement) of new <br />construction decreases in relation to the base flood elevations estab- <br />lished for your communi~,. This is an important consideration for new <br />construction since building at a higher elevation can greatly reduce the <br />cost of flood insurance. Also, on the effective date of your.community's <br />FIRM, additional "second layer" coverage, which will greatly increase <br />the available coverage, >lill become available. First layer coverage on <br />existing structures buill: prior to the effective date of the FIRM will <br />continue to be available at subsidized rates (unless substantial improve- <br />ments are made); it will also be available at actuarial rates and can be <br />purchased at whichever nete is lower. <br /> <br />...---........ <br />.. u......... <br /> <br />.............., <br />..........h.. <br /> <br />Sincerely, <br /> <br /> <br />If your community is enccluntering difficulties in enacting the flood <br />plain management measures, we urge you to contact FlA. You may either <br />contact the Federal Insurance Administration's Regional Director in <br />Lakewood, Colorado at (303) 234-6582 or members of our staff in <br />vlashington, D.C., at (20:2) 426-1891 to assist you with any problems in <br />interpreting the program regulations, or with any other difficulties you <br />might be having in meeting the program requirements. <br /> <br />",..", <br /> <br />C~~a ~~~~~" <br />.'~ , 81 1a 11. J1 ( ( <br />f: D7 Federal Insurance Admi:1istrator <br /> <br /> <br />Enclosures <br /> <br />., <br /> <br /> <br />