Orange County NC Website
Browse       Search
8 <br /> 52 Michael Harvey reviewed abstract. <br /> 53 <br /> 54 Carrie Fletcher asked what this change does for policy holders <br /> 55 <br /> 56 Michael Harvey said there would be no change for policy holders. If the County didn't do anything, flood insurance <br /> 57 would not be available. If for instance you were going to do a refinance on your house, the most recent data would <br /> 58 be used,which is the best available data. We are not looking at major impacts on property owners in Orange County, <br /> 59 this is primarily dealing with flood panels that are in Durham County but because they are changing that data set the <br /> 60 map has to be updated so we have to include the new effective date it is a"bookkeeping issue". <br /> 61 <br /> 62 Carrie Fletcher asked if it will tend to raise rates or have any impact on rates? <br /> 63 <br /> 64 Michael Harvey answered: it will not have any affect on rates at all. <br /> 65 <br /> 66 MOTION by Kim Piracci to approve statement of consistency. Seconded by Hunter Spitzer. <br /> 67 VOTE: Unanimous <br /> 68 <br /> 69 MOTION by Hunter Spitzer to approve the UDO text amendment change. Seconded by Laura Nicholson. <br /> 70 VOTE: Unanimous <br />