HomeMy WebLinkAboutResolution 1994-07L
RESOLUTION NO. 94 -07
A RESOLUTION OF THE CITY OF CAPE CANAVERAL, BREVARD
COUNTY, FLORIDA; STRONGLY OPPOSING SENATE BILL 1405 AND
HOUSE BILL 3191 REGARDING THE NATIONAL FLOOD INSURANCE
REFORM ACT OF 1993 AS IT IS CURRENTLY WORDED; AND
RECOMMENDING CERTAIN CHANGES WHICH WOULD MAKE THE
PROPOSED LANGUAGE ACCEPTABLE; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the current Bills are being deliberated in the U.S.
Senate and House of Representatives as the National Flood Insurance
Reform Act of 1993; and
WHEREAS, the Bills recognizes the need for reform of the
present National Flood Insurance Program (NFIP) to be more
actuarially sound; and
WHEREAS, the Bills would require mapping the entire U.S.
coastline at a cost of 25 million dollars from policy premiums to
establish 30 Year, and 60 Year Erosion Control Zones; and
WHEREAS, the establishment of said 30 and 60 Year Erosion
Control Zones is arbitrary and unpredictable throughout the entire
coast of the United States on a standardized basis and is highly
controversial; and
WHEREAS, the Bills do not permit flood insurance for any new
construction or additions to existing structures in the 30 year
zone; and
WHEREAS, the Bills do not permit flood insurance for any non-
residential structure or residential structure that is not readily
movable in the 60 year zone; and
WHEREAS, existing structures are grandfathered into the Bills,
but will ultimately be denied insurance after two (2) claims
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City of Cape Canaveral, Florida
Resolution No. 94 -07
Page 2
totaling 50% within ten (10) years; and
WHEREAS, the Bills would prohibit federally backed mortgage
financing institutions from financing structures within flood prone
areas unless such structures were insured under the National Flood
Insurance Program (NFIP); and
WHEREAS, the Bills would, therefore, greatly diminish the
value of property within virtually every coastal community in the
nation because owners could not insure the structures on their
property or sell to buyers having to finance the purchase of such
property; and
WHEREAS, the Property Appraiser of Brevard County has
determined that the coastal properties of said County generate
approximately 20 million dollars in tax revenue; and
WHEREAS, the Bills would impose no similar prohibitions on the
insurability of structures within other areas of the nation which
are chronically and predictably flood prone, such as the riverine
areas, even though statistics show that the number and value of
flood insurance claims from riverine areas have exceeded those from
coastal areas; and
WHEREAS, the severe economic impact of the Bills on coastal
tax bases has not been considered and this impact far exceeds the
intent of the Bills; and
WHEREAS, the Senate and the House of Representatives should
not enact these Bills in their current form due to this inequity
and fundamental unfairness to coastal property owners.
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City of Cape Canaveral, Florida
Resolution No. 94 -07
Page 3
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CAPE CANAVERAL, that:
SECTION 1. The City Council of the City of Cape Canaveral
urges the Senate and House of Representatives to reject Senate Bill
1405 and House Bill 3191 in their current form due to their
devastating impact on the tax base and fundamental unfairness to
the nation's coastal property owners and, in particular, those in
Florida who make up more than 40% percent of all NFIP Policy
holders.
SECTION 2. The City Council of the City of Cape Canaveral
strongly recommends that the actuarial soundness of the NFIP be
significantly increased by enforcing regulations to mandate that
the other 8.5 million uninsured structures in federally designated
flood areas be brought into compliance.
SECTION 3. The City Council of the City of Cape Canaveral
further recommends that the controversial and scientifically
unreliable mapping to create 30 and 60 year coastal zones of
erosion be deleted until the chronic and repetitive riverine losses
are addressed.
SECTION 4. The City Clerk is hereby directed to provide
copies of this Resolution to Governor Lawton Chiles, Senators Bob
Graham and Connie Mack, as well as to the Florida members of the
United States House of Representatives, the Senate Banking
Subcommittee on Housing and Urban Affairs, and other interested
parties.
City of Cape Canaveral, Florida
Resolution No. 94 -07
Page 4
SECTION 5. That this resolution shall take effect immediately
upon its adoption.
ADOPTED BY the City Council of the City of Cape Canaveral,
Florida, this 1st day of March , 1994.
ATTEST:
aith G. Millet''} CITY CLERK
Appc s to rm
a ACanckil -.a, CITY ATTORNEY
C,- alamone, MAYOR
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