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HomeMy WebLinkAboutResolutions - R-87-5 - 04/27/1987 - Flood InsuranceR-87-5 Project: C17 2749 RESOLUTION OF INTENT REGARDING NATIONAL FLOOD INSURANCE Whereas application conditions for State/Federal Grants require compliance with the National Flood Insurance Act of 1968, as amended, and Whereas the National Flood Insurance Act of 1968, as amended, requires the purchase of flood insurance for all eligible construction located - within a designated flood hazard area which construction is financed either partially or in whole by Federal or State funds, and Whereas the costs of securing and maintaining flood insurance are eligible for Federal and State grant participation during the approved construction period, and Whereas failure to secure flood insurance for eligible construction located in designated flood hazard areas will cause this construction to become ineligible for Federal or State grant funds; Now therefore, be it resolved that the Mayor and City Council of the QitX of McHQnry will cooperate and coordinate with the National Flood nsurance Program to acquire and maintain any flood insurance made available for Project C17 for the entire useful life of the insurable construction pursuant to the Flood Insurance Act of 1968, as amended and that it will secure said flood insurance for each insurable structure, as soon as said insurance is available and will notify the Illinois Environmental Protection Agency in writing that the National Flood Insurance requirement has been satisfied. Resolved this 27th day of April 198-L Name: Title: Mavor_ Mayor, vi 1 P sident, etc.) Certified to be a true and accurate date. (SEAL) copy, passed and adopted on the above Name: Title: Citv Clerk Clerk, Secretary, etc.