Title
DISCUSSION AND POSSIBLE ACTION ON PRELIMINARY FLOOD INSURANCE RATE MAPS.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The City of Pembroke Pines is included in the preliminary Flood Insurance Rate Maps (FIRM’s) issued December 31, 2019.
2. If the new FIRM’s are adopted, an additional 6,487 parcels will need to purchase flood insurance and the total number of parcels in which Flood Insurance will be needed will rise to 9,641.
3. These changes to the flood maps are the result of a comprehensive coastal flooding study performed by FEMA between 2014 and 2019. Initially, FEMA indicated to County and municipal staff that the anticipated impacts of the coastal study were primarily to areas east of I-95. However, the preliminary results indicate that the effects of coastal tidal flooding extend west of I-95 (mostly, but not exclusively, in the southern portions of the county).
4. After the review and appeal period of 90 days has ended and FEMA has addressed all comments/appeals, they will initiate final preparation of the FIRM’s and Flood Insurance Study(FIS) report. The new FIRM and FIS report will become effective approximately 7 to 10 months later.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None.
b) Amount budgeted for this item in Account No: Not Applicable.
c) Source of funding for difference, if not fully budgeted: Not Applicable.
d) 5 year projection of the operational cost of the project: Not Applicable.
e) Detail of additional staff requirements: Not Applicable.