HomeMy WebLinkAboutRes 46-89 12/05/1989
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RESOLUTION NO.
46-8q
Project: Village of Mount Prospect
C173029
RESOLUTION OF INTENT REGARDING NATIONAL FLOOD INSURANCE
Whereas application conditions for
require compliance with the National
1968, as amended, and
State/Federal Grants
Flood Insurance Act of
Whereas the National Flood Insurance Act of 1968, as amended,
requires the purchase of flood insurance 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
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
P!:,ospect will cooperate and coordinate with the National Flood
Insurance Program to acquire and maintain any flood insurance
made available for Project C173029 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 Evnironmental Protection
Agency in writing that the National Flood Insurance requirement
has been satisfied.
N
Resolved this
5th
day of
/
Certified to be a true and accurate copy,/passed and
adopted on the above date.
~~~;i~~ y ¿~
Carol A.Fields
Title:Mayor
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(SEAL)
Title:Village Clerk