Title
Consider adopting the Monterey County Floodplain Management Plan 2014 Update.
Report
RECOMMENDATION:
It is recommended that the Monterey County Board of Supervisors:
Adopt the Monterey County Floodplain Management Plan 2014 Update.
SUMMARY:
The Monterey County Water Resources Agency (Agency) presents this Floodplain Management Plan (FMP) to assess the flooding hazards within the unincorporated areas of the County; to summarize the County's floodplain management program strategy; to provide information on flooding sources affecting Monterey County Repetitive Loss (RL) Areas; to describe current flood mitigation strategy; and to present an implementation plan for flood hazard reduction.
DISCUSSION:
The Monterey County Floodplain Management Plan 2014 Update is intended to meet the requirement for continued participation in the Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) Community Rating System (CRS). Monterey County has voluntary participated in the NFIP/CRS for over 20 years. In exchange for the community's proactive efforts in reducing flood risk, flood insurance policyholders receive reduced premiums (15 percent) for buildings in the floodplain.
As of December 31, 2014, there were 1,627 flood insurance policies in effect throughout the unincorporated areas of the County, with an annual combined premium amount totaling $1,994,750. The County's participation in the CRS program saves NFIP-insured residents $345,077 per year or appropriately $212 per individual policy.
The FMP for Monterey County is required to be updated every five years and an annual evaluation report on the progress towards plan implementation must be prepared at least once each year. Both the FMP and the annual report are required to be released to the media and made available to the public through submission to the Agency Board of Directors and the Monterey County Board of Supervisors.
OTHER AGENCY INVOLVEMEN...
Click here for full text