HomeMy WebLinkAboutRes 24-97 03/18/1997 ~ro~ect SEE GWUN / MILBURN
LIT 0855
RESOLUTION NO. 24-97
~[SOLUT[O~ OF [~T[~T R[GA~O[~ NATIONAL FLCO0 [NSURANC[
Nherea$ aODltcatlon =rovlsions For Ioa~s free the ~at~r Pollution Control
~evo. lvlng Funa requires compliance with the National Flood Insurance AcC of
~968. as a~n~ed, and
Ioan'oar~lctga~ton durtn9 ~e approved construe:Ion ;er~od.
~hereas falTure ~o secure fl~ Insurance for eligible construction located
designated fl~ hazard areas .111 cause thts construction co ~ec~
lnellgt~le for l~n funds:
~w c~erefore. ~e it resolved t~at the V~Zla~e. ,,
Of Mount Prospect ,, ,, will c~Derate ~na c~raln~e ~ttn
National FI~ Insurance Pr~ram to acquire aha ~lncain any fl~a insurance
~e available for Project LllOBSSFor the entire useful )lfe of the lnsuraDlt
constrUcti~ ~ursuanC to the F~ I~surancl Act Of 1968, as aMnoeU and t~at
Jt will Secure said (I~ Insurance ~or eac) tnsuraDle structure, as s~n as
said Insurance is ava~laole and will ~tify the I)ltnoJs EnvironMntal .
Proclct~ Ag~Cy 1~ wrltlng ~t th~ ~tlona) F)~ insurance re~ulre~nc
been sat)sflea,
~P~e~dent/ g~ra~ L. Farley
(Mayor. '/tlllge President, eec.}
Certified tO ~e ~ true &nd accurate Cogy, passed &nd adooCed on the 4Dove d~Ce,
NaM: ~
Title: Clerk~ Carol A. Fie~ds
(Ciera, Secretary.
(SEAL)
AYES: Clowes, Corcoran, Hoefert, Wilks
NAYS: None
ABSENT: Hendricks, Juracek