HomeMy WebLinkAboutRes 44-88 10/18/1988
RESOLUTION NO. 44-8H
Project Prospect Meadows Sanitary District
C 17 2985
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 el1.gible
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 Village of Mount
Prospect will cooperate and coordinate with the National Flood
Insurance Program to acquire and maintain any flood insurance
made available for Project C172985 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
.L8th
day of
Oc;r()hPr
, 1988
&~, II jJ~
Name:Carolyn H. Krause
Title :Mayor
Certified to be a true and
the above date.
accurate copy, passed and adopted on
,~~~/¡f~
Name:Carol A. Fields
Title:Village Clerk
(SEAL)