The URL can be used to link to this page

Home My WebLink AboutRes 45-83 09/20/1983 RESOLUTION NO. 45-83 A RESOLUTION OF INTENT REGARDING NATIONAL FLOOD INSURANCE WHEREAS, regulations of the u.S. Environmental Protection Agency, 40 CFR 35 E, require compliance with the National Flood Insurance Act of 1968, as amended; and , WHEREAS, grant conditions of the Illinois Environmental Protection Agency require compliance with the National Flood Insurance Act of 1968, as amended; and WHEREAS, the National Flood Insurance Act of 1968, as I amended, requires the purchase of flood insu.rance 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 I WHEREAS, the costs of secur~ng and maintaining flood insura- ance 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. I NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: 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 C17 2238-02 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 Environ- mental Protection Agency in writing that the National Flood Insurance requirement has been satisfied. SECTION TWO: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: Arthur, Farley, ~loros, Murauskis, Van Geem, Wattenberg NAYS: None ABSENT: None PASSED and APPROVED this 20th day of September ,1983. I!ÆIt/~ tI ){"i~4..f. Mayor AMH~