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4 <br /> O R A N G E C O U N T Y <br /> BOARD OF COMMISSIONERS <br /> PUBLIC HEARING AGENDA ITEM ABSTRACT <br /> Meeting Date: August 28, 1995 <br /> Action Agenda <br /> Item # C 3 <br /> SUBJECT: FLOOD DAMAGE PREVENTION ORDINANCE TEXT AMENDMENT <br /> DEPARTMENT: PLANNING PUBLIC HEARING _X—Yes No <br /> ATTACHMENT(S) : INFORMATION CONTACT: <br /> Mary Willis <br /> Existing FDPO Extension 2583 <br /> Proposed FDPO (replacement) <br /> TELEPHONE NUMBERS: <br /> Hillsborough-732-8181 <br /> Durham -688-7331 <br /> Mebane -227-2031 <br /> Chapel Hill -967-9251 <br /> PURPOSE: To receive citizen comment on replacement of the Flood <br /> Damage Prevention Ordinance. <br /> BACKGROUND: The National Flood Insurance Program (NFIP) is a federal <br /> program administered by the Federal Emergency Management <br /> Agency (FEMA) which enables property owners to purchase <br /> insurance protection against losses from flooding. It is <br /> designed to provide an insurance alternative to disaster <br /> assistance. Participation in the NFIP is based on an <br /> agreement between local communities and the federal <br /> government which states that if a community will implement <br /> and enforce measures to reduce future flood risks to new <br /> construction in special flood hazard areas, the federal <br /> government will make flood insurance available within the <br /> community. <br /> Flood insurance may be made available only in those areas <br /> where the appropriate public body has adopted adequate <br /> floodplain management regulations within its flood-prone <br /> areas. Community participation in the program is not <br /> mandatory, however, if a Presidential-declared disaster <br /> due to flooding occurs in a non-participating community, <br /> then no federal financial assistance can be provided for <br /> repair or reconstruction of insurable buildings. <br /> Orange County began participation in the NFIP on March 2, <br />