HomeMy WebLinkAboutResolution_11-93/94_01/13/1994 RESOLUTION NO. 11 - 9394
A RESOLUTION OF THE VILLAGE COUNCIL OF
THE VILLAGE OF TEQUESTA, PALM BEACH
COUNTY, FLORIDA, OPPOSING HOUSE OF
REPRESENTATIVES BILL 3191 AND SENATE
BILL 1405 REGARDING THE NATIONAL FLOOD
INSURANCE REFORM ACT OF 1993 AS THEY ARE
CURRENTLY WORDED AND RECOMMENDING
REVISIONS THERETO.
WHEREAS, the current Bills referenced above are being
deliberated in the U.S. House of Representatives and Senate
as the National Flood Insurance Reform Act of 1993; and
WHEREAS, the Bills recognize the need for reform of the
present national flood insurance program to be more
actuarially sound; and
WHEREAS, the Bills would require mapping the entire U.S.
coastline at a cost of twenty -five million dollars
($25,000,000.00) to be paid from policy premiums in order to
establish thirty ( 30 ) year and sixty ( 60 ) year erosion zones;
• and
WHEREAS, the establishment of said thirty (30) and sixty (60)
year erosion control zones is arbitrary and unpredictable
throughout the United States and is highly controversial; and
WHEREAS, these Bills do not permit flood insurance for any
new construction or additions to existing structures located
in the thirty (30) year zone; and
WHEREAS, these Bills do not permit flood insurance for any
non - residential structure or residential structure not
readily movable that is located in the sixty (60) year zone;
and
WHEREAS, these Bills would prohibit federally- backed mortgage j
financing institutions from financing structures within
flood -prone areas unless such structures were insured under
the National Flood Insurance Program; and
WHEREAS, these Bills would, therefore, greatly diminish the
value of property within virtually every coastal community in
the Nation because owners could not insure the structures on
their property or sell to buyers who desire to finance the
• purchase of such property; and
WHEREAS, the Property Appraiser of Palm Beach County has
determined that the proposed Bills could potentially put at
risk the amount of tax revenues collected from taxable
coastal property located in Palm Beach County; and
WHEREAS, the amount of property at risk represents 8.8
billion dollars ($8,800,000,000.00) of taxable value which,
in turn, would represent a potential loss of two hundred
million dollars ($200,000,000.00) per year in tax revenues to
local governments and taxing entities in Palm Beach County;
and
WHEREAS, these Bills 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 riverine 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 Bills on coastal
tax bases has not been considered, and this impact far
exceeds the intent of the Bills; and
WHEREAS, the Senate should not enact these Bills in their
current form due to this inequity and fundamental unfairness
to coastal property owners.
• NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1. The Village Council of Tequesta urges the U.S.
House and Senate to reject HR Bill 3191 and Senate Bill 1405
in their current form due to the devastating impact on the
tax base in Tequesta, Palm Beach County, and the entire State
of Florida, and due to the fundamental unfairness to the
Nation's coastal property owners, in particular, those in
Florida who make up approximately forty (40 %) percent of all
National Flood Insurance Program policy holders.
SECTION 2. The Village Council of Tequesta strongly
recommends that the actuarial soundness of the National Flood
Insurance Program be significantly increased by enforcing
regulations to mandate that a significant number of uninsured
structures in federally designated flood areas be brought
into compliance.
SECTION 3. The Village Council of Tequesta further
recommends that the controversial mapping to create thirty
(30) and sixty (60) year coastal zones of erosion be deleted
until it can be proven that this mapping will have a
beneficial impact on the fund and that the policy holders
• will derive some benefits from this exercise.
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SECTION 4. The Village Council of Tequesta recommends that
the House and Senate enact compromise Bills which:
A) Delete the controversial erosion control measures
delineated in HR Bill 3191 and Senate Bill 1405,
specifically the mapping of the thirty (30) and sixty
(60) year erosion control zones and the denial of
insurance to properties located within those zones:
B) Call for a broad -based economic impact study to
determine the impact on the local communities; and
C) Allow the local communities to address local erosion
problems in a rational manner as opposed to utilizing
the arbitrary mapping concept.
SECTION 5. The Village Manager is hereby directed to submit
copies of this Resolution to all Members of the U.S. Senate
and House Banking Committees, Florida U.S. Congressmen Alcee
Hastings, Harry Johnston, Tom Lewis and Clay Shaw, Florida
U.S. Senators Connie Mack and Bob Graham; and to the Board of
County Commissioners of Palm Beach County.
THE FOREGOING RESOLUTION was offered by Councilmember
Earl L. Collinbs , who moved its adoption. The motion
was seconded by Councilmember E1i7. he h A. Schauer , and
• upon being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
William E. Burckart
Joseph N. Capretta
Ron T. Mackail
Elizabeth A. Schauer
Earl L. Collings
1 The Mayor thereupon declared the Resolution duly passed and
adopted this 13th day of January , A.D., 1994.
MAYOR OF TEQUESTA
Ron T. Mackail
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ATTEST:
I�
oann mangardello
Village Clerk
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