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Urban Redevelopment Urban redevelopment can be used in flood~blighted areas that are a drain on the community's economy. ~ redevelopment pro~ gram should include flood control works where necessary and reServe the flood prone areas for parks, open spaces and other uses not sub- ject to substantial flood damage. Public parking U'eas are Oft"n established in flood way areas redeemed through urban redevelopment. uocd for residencial, business, religious, or agricultural purposes, and tho$e owned by State or local governm~nt agencies. Coverage extends to losses caused by mudslides as ~cll a~ damages normally associated with. fl"oCs. Local 'lo.,ernm~r.tal agenci~c. can obtain "~si,,tanc" b prep~ring applications to participilte in the flooo i~.surar.ce orogra:!'. by inquiry directly to ~h" Fed"r~l rn~urance Admi~_- iCt.tiltion, Depart..,ent 'Of lIo.~~ing and ','rban p<,v..lopment, ;';a"hir.gton, D.C. 20410, or by cot'ltacting the Colorado ',,'ater Con~ervation ~oard, De~ver, Colorado. Warning Signs The erection of flood warning signs and prominent post- ing of previously attained flood heights. These signs carry no enforcement but serve to inform prospective buyers that a flood hazarde"ists. FurtherSt\:dy Continuing study and revie~ of the flood ways and other areal designations which ~"Y be defined in connection with flood plain zoning ar~ particularly impOrtant in maintaining a long-range land-use planning program. Community authorities should periodically review and adju$t the provisions governing the use of flood plain lat'lds whet'lever new information i~dicat"s a change in their flood pote"ti"l. T.."lIdjustment Tax adjustments for land dedicated to agriculture, recreation, conservation or other open spaoe use6 may be effective in preserving existing floodways along streams. A5 a cowmunity extends its urban boundaries, adjacet'lt farmland becones ~nre valu- able each year as residential or commercial developments mov" into parts of it, whioh will c..u~e tax evalu..tion to rig" to the point ~'hcrc the land no lon'ler can be u5ed prvfitably for f..rminq or other open space uses. Flood Insurance The National Flood Insurance Program, established under the 1968 Housing and Urban Development Act, provides a means whereby private property owners can purchase previously unavailable flood . ~n5uranc". '("he program involves Federai suosidizing of insurance costs (51~r"d with private insurers) and reciprocal co~it~ent of a participating comnunity to adopt and enforce "ealigtic land-use con- trols and related flood plainmanagcment measures. Effective~rch 1, 1972, insurable properties inclnd~ all structure" (plus conter.t~) " "