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R-0918-94 RESOLUTION NO. 918-94 A RESOLUTION OF MIAMI SHORES VILLAGE, FLORIDA, EXPRESSING OPPOSITION TO U.S. HOUSE BILL 3191 AND SENATE BILL 1405 REGARDING THE NATIONAL FLOOD INSURANCE REFORM ACT OF 1993 AS CURRENTLY WORDED AND RECOMMENDING REVISIONS THERETO. WHEREAS, the current Bills referenced above are being deliberated in the U.S. House of Representatives and Senate as the National Flood Insurance Reform Act of 1993; and WHEREAS, the proposed legislation recognized the need for reform of the present national flood insurance program to be more actuarially sound; and WHEREAS, the proposed legislation would require mapping the entire U.S. coastline at a cost of twenty-five million dollars ($25,000,000.00) to be paid from insurance policy premiums in order to establish thirty (30) year and sixty (60) year erosion zones; and WHEREAS, the establishment of said thirty (30) and sixty (60) year erosion control zones is arbitrary and unpredictable throughout the United States and is highly controversial; and WHEREAS, the proposed legislation does not permit flood insurance for any new construction or additions to existing structures located in the thirty (30) year zone; and WHEREAS, the proposed legislation does not permit flood insurance for any non-residential structure or residential structure not readily movable that is located in the sixty (60) year zone; and WHEREAS, the legislation would prohibit federally backed mortgage financing institutions from financing structures within flood-prone areas unless such structures were insured under the national flood insurance program; and WHEREAS, the legislation would, therefore, greatly diminish the value of property within virtually every coastal community in the nation because owners could not insure the structures on their property or sell to buyers who desire to finance the purchase of such property; and WHEREAS, the severe economic impact of the proposed legislation on coastal tax bases has not been considered, and the impact far exceeds the intent of the Bills; and WHEREAS, the Miami Shores Village Council supports and joins the Dade County League of Cities which also oppose the proposed legislation, NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL, THAT: Section 1 . Miami Shores Village urges the U.S. House and Senate to reject HR Bill 3191 and Senate Bill 1405 in their current form due to the devastating impact on the tax base in Dade County and the entire State of Florida, and due to the fundamental unfairness to the nation's coastal property owners, in particular, those in Florida who make up approximately forty (40%) per cent of all national flood insurance program policy holders. Section 2 . Miami Shores Village further recommends that the controversial mapping to create thirty (30) and sixty (60) year coastal zones of erosion be deleted until it can be proven that this mapping will have a beneficial impact on the fund and that the policy holders will derive some benefits from this exercise. Section 3 . Miami Shores Village recommends that the U.S. House and Senate enact compromise legislation which would: A. Delete the controversial erosion control measures delineated in HR Bill 3191 and Senate Bill 1405, specifically the mapping of the thirty (30) and sixty (60) year erosion control zones and the denial of insurance to properties located within those zones; B. Call for a broad-based economic impact study to determine the impact on the local communities; and C. Allow the local communities to address local erosion problems in a rational manner as opposed to utilizing the arbitrary mapping concept. Section 4 . The Village Clerk of Miami Shores Village is hereby directed to submit copies of this Resolution to all members of the Florida Congressional Delegation and all cities within Dade County; the Board of County Commissioners of Metropolitan Dade County, and to the Dade County League of Cities. Section 5. This Resolution shall take effect immediately upon adoption. PASSED and ADOPTED on the 15th day of March 1994 . ATTEST: William J. Alef f nan, Mayor Scott W. Davis Village Clerk APPROVED AS TO FORM: William F. F n , Jr. Village Attorney