HomeMy WebLinkAboutR-1993-198 J
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RESOLUTION NO. 199-93
A RESOLUTION OF THE CITY OF DANIA, FLORIDA.
OPPOSING THE CURRENT VERSION OF SENATE BILL
1405 (THE NATIONAL FLOOD INSURANCE REFORM ACT
OF 1993); RECOMMENDING CERTAIN CHANGES WHICH
WOULD MAKE THE PROPOSED LAW ACCEPTABLE); AND
I PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Senate Bill 1405 (the National Flood Insurance Reform Act of 1993) is currently
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under deliberation in the United States Senate; and
WHEREAS, the Bill recognizes the need for reform of the present National Flood Insurance
Program to be more actuarially sound; and
WHEREAS, the Bill 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
I1 WHEREAS, the establishment of 30-year and 60-year erosion control zones throughout the
[ entire coast of the United States on a standardized basis is highly controversial and unpredictable,
and could lead to arbitrary results; and t
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WHEREAS, the Bill does not permit flood insurance for any new construction or additions to
existing structures in the 30-year zone; and
WHEREAS, the Bill does not permit flood insurance for any nonresidential structure or
residentional structure that is not readily moveable in the 60-year zone; and
WHEREAS, the Bill grandfathers existing structures, but such structures will ultimately be
denied insurance after two claims totaling 50 percent within ten years; and
I WHEREAS, the Bill 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; and ;
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j WHEREAS, the Bill would, therefore, greatly diminish the value of property within virtually
If every coastal community in the nation because owners could not insure the structures on their f
property or sell to buyers having to finance the purchase of such property; and j
WHEREAS, the Bill 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
jriverine 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 Bill on coastal tax bases has not been
considered and this impact far exceeds the intent of the Bill; and
WHEREAS, the U.S. Senate should not enact the Bill in its current form due to this inequity
and fundamental unfairness to coastal property owners;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
DANIA, FLORIDA, THAT:
Section 1. The City Commission urges the U.S. Senate to reject Senate Bill 1405 in its t
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current form due to its devastating impact on the tax base, and its fundamental unfairness to the
nation's coastal property owners and, in particular, those in Florida who make up more than 43
percent of all National Flood Insurance Program policyholders. f
$ .tion 2. The City Commission strongly recommends that the actuarial soundness of
the National Flood Insurance Program 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.
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Section 3 The City Commission further recommends that the controversial and
scientifically unreliable mapping to create 30-year and 60-year coastal zones of erosion be deleted
until the chronic and repetitive riverine losses are addressed.
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Section 4. The City Commission authorizes and directs the City Manager to furnish a
copy of this resolution to the elected representatives for the City in the United States Senate and
House of Representatives, and to each member of the United States Senate Banking
Subcommittee on Housing and Urban Affairs. j
Section 5. This resolution shall take effect immediately upon its passage and adoption. (I
PASSED and ADOPTED this 14 t h day of December , 1993.
ATTEST: el� ^. Co 1A 1,
MAYOR - COMMISSIONER
CITY CLERK - AUDITOR'
APPROVED AS TO FORM AND CORRECTNESS
BY:
Frank C. Adler, City Attorney
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