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HomeMy WebLinkAbout1976-11-23, - MINUTES OF REGULAR MEETING OF BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, Mo. Nov. 23, 1976 A regular meeting of the Board of Aldermen of the City of Riverside, Missouri, was held in the City on November 23, 1976 at 7:30 p.m. The roll was called and Rodeberg, Brenner, Best, Scudder, West and Swetnam were present. Mayor Young calling said meeting to order. The Mayor and'Board of Aldermen waived the reading of the minutes of November 16, 1976. Mayor Young advised the Board and people attending the meeting that'the purpose of the meeting was to acquaint ourselves and the person interested in flood insurance concerning the flood plarri~t area. He said that is a very serious matter to a lot of the property owners and that is the purpose of the meeting. We do not feel that we understand it well enough~.to make a decision as the counsel, we want people to understand it better. We have an outline of what the flood insurance people expect of us. If we have a complaint on what they have set up for us, we have to file the complaint before December 15,1976. Mr. Young suggested that they prepare for another meeting before that date. He also said that Mr. Witt and Mr. Jack along with the Mayor and Board members have spent much time on this, as well as the last Mayor and Board members. It appeared to the Mayor that this area effects a lot of vacant property that the pity had hoped would develop and the City would receive revenues from and'help the growth of the City. What the City ,hopes to determine is whether or not it would be better for all parties concerned to accept this flood insurance of the Federal Government or not to have the program. Attorney Don Witt gave a history of the beginning of ~ the program for the flood insurance - that during the last floods, the government (federal) helped the people with loans and other funds an~fl the people in Washington wanted to e~minate this and brought up the flood insurance plan. They are trying to put it on the local city and town level and eliminate the federal aid. They want the local political level to enact legislation to stopbuilding in the flood pla4~ area unless the buildings are built in accordance with the 100 year flood plan. These requirements were read by Mr. Witt. What the Federal Government is trying to do is to eliminate any subsidizing of people who have losses account of floods. This will not effect the present buildings in the area, only the ones to be built after this matter is accepted, if the City so accepts. Mr. Witt brought out that if the City does not accept the Plan, then should someone want to build in the area, they will not be able to get FDIC approved mortgage financing which means that the banks and loan companies cannot loan any money. It was thought that if the City didn't go along with this program, the Federal Government may come in and help once, but that is all. It was also thought that should the City accept the program, it would cause the City to spend a considerable amount of money in setting up the program. There ate s®me Page 2 - Reg. Meeting Nov. 23, 1976 Cities which are challenging the law, one in particular is Cape Girardeau, Mis souri. Don Jack brought up the matter that after the effective die of the insurance, no residence can be built in the flood plaln~p area unless they are built to the height of the flood area required. industries and business e; that will be allowed to build will have to make them flood proof. It was thought that the total increase in the construction for the flood proofing would run from 38% to 50% more. If the levee were built, then this would be no problem, it would take care of the flood proofing. Some legal options - l.) We_:have a primary map of the flood area, we can disagree with it and send in our differences to the legislative agency, which in turn sends it to the Secretary of HUD and then it is determined whether or not the present map is adequate or should be changed. 2.) We as a City do~ not have to accept the flood insurance program. In this case there will be no federal grants, loans or federal help of any kind for this area in the flood planes 3.) If we accept, then the zoning is amended to the map they have given us. (If we do not belong to the program, there is simply no federal help or monies in the flood area. The revenue sharing can be used outside the area andthere will be no SBA loans available.) Mr. Azorsky inquired whether the insurance would expire for those people. who now have it should the City decide to get out of the program. West brought up that the Corps of Engineers were doing som~~~ and thought that there is still a possibility of the leve~ Per a the next 8 to 10 years. It was brought up as to whether ornot they have taken into the consideration of the dams built up stream, and Don Jack thought that they had done this when they had maped out the flood area. The question was asked what would become of the people who have a mortgage and in order to dbltaina mortgage they have to have flood insurance. Mayor Young asked whether or not the City could get out of the program, once itwas accepted. Attorney Witt advised that the City could get out of the program whenever it wanted to. Brenner inqured whether there would be a bureau type of rate adjustment for everything in the flood plane area, i.e, two buildings side by side would the cost be the same ~ thousand or will it depend on the pre~~at::..tax~.~-~ , Page 3 - Reg. Meeting Nov. 23, 1976 Attorney Witt said that the cost of setting up the program cost more money than the government would pay for flood loss through the year 2000. . Mayor Young advised that any individual has the right to disagree with the flood pla~~ area as set out. Mayor Young suggested that a committee be set up get information regarding this insurance, perhaps a copy of the policy the rates, etc. and Mayor Young stated as far as his personal thoughts are is that he is nei~hte_ for or against it, he would be for the best. It was brought out that the reason the government is setting up this is they feel that the insurance carrier would be able to provide insurance at a reasonable rate. It was brought out that with regard to the levee, the main part is for the people to provide the land. Young advised that the people would be advised of the next meeting and would try to have more answers, and more information. Upon motion made, seconded and passed, meeting adjourned.