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I I Urban redevelopment can be used in flood-blighted areas used for residential, business, religious, or agricultural purposes, and those o~ed by State or local 90verr.~ent agencies. Coverage extend. to losses caused by mudslides a~ well a~ da~age~ ~orr.ally associated with floods. Loc"l goverrJ7;cntal agencies car. obtain ~ssi$tancc in preparing applicatiQ~$ to participate cn tt~ flood insurance program by inquiry directly to the ~ederal rr.s~ra~ce Admin- istra~ion, D~part~cr.t of Ho~sir.g and Urban Developme~t, Washington, D.C. 2~410, or by co~t<<cting the Colorado Water conservation Board, Cenver. Colorado. urban Redc'.'elo""'...nt that ar~ ~ drain on the community's eoonomy. A redevelopment pro. gram should include flood control works where necessary and reserve the flood prone areas for parks, open spaces and other uses ~ot sub~ ject to substantial flood damage. Public parking areas are often established in floodway areas redec~cd through urban redevelopment. Warning Signs The erection of flood warning signs and prominent post~ ing of previou~ly attained flood heights. These signs ca~ry no enforcement but serve to inform prospective buyers that a flood hazard exists. f'urtherStudy Tax Adjustlnent Tax adjustments for land dedicated to agriculture, recreation, conservation or other open space uses may be effective in preserving existing floodways along streams. As a c~unity extenda its urban boundaries, adjacent farmland becomes ~re valu~ able each year as residential or commercial developments move into parts of it, whiCh will cause tax eval~ation to rise to the point where the land no longer can be ucad profitably for farming Or other Continuing study and review of the floodways and other areal designations which may be defined in connection with flood plain zoning are particularly i~portant in ~aintaining a long~range land-use planning progr~. co~unity authorities should periodically review and adjust the provisions governinq the use of flood plain lar~s wr.enever new information indicates a change in their flood pote~.tial. open space uSeS. Floodlnsurance ~~ National Flood lnsurance Program, established under the 1968 Housing and Urban Development Act, provid~s a means whereby private property owners can purchase previOUSly unavailable flood ..insu"",nc". Th.;pro'lraroinvolves:reder;Jlsubsidizir.gOfir,,,u,,,,,ncc costs (shared with private ins~rers) ..nd reciprocal coI'tlrnitment of a participating community to adopt and enforce realistic land-~se con- trol~ and related flood plain management measures. Effective March 1, 1~72, insurable properties i"dud", all structurf'S (plus <:o.~'Oent~) " "