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.