HomeMy WebLinkAbout02 07 1998 LOMA
Federal Emergency Management Agency
Washington, D.C. 20472
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Mr. Briant and Mrs. Robin Dittmann
14138 Orchard Circle
Prior Lake, Minnesota 55372
IN REPLY REFER TO:
Case No.: 98-05-554A
Community: City of Prior Lake,
Scott County, Minnesota
Community No.: 270432
Map Panel Affected: 0002 C
Map Effective Date: November 19, 1997
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JAN - 7 1998
218-7Q-RS
Dear Mr. and Mrs. Dittmann:
We reviewed your request dated October 26, 1997, for a Letter of Map Amendment (LOMA). All required
information for this request was received on November 25, 1997. Using the information submitted and the
effective National Flood Insurance Program (NFIP) map, we determined that a portion of the p&~t''''&~j described
below is located in a Special Flood Hazard Area (SFHA), the area that would be inundated by the flood having
a I-percent chance of being equaled or exceeded in any given year (base flood); however, the residential
structure on the f.&~t'",&Lj is not in the SFHA.
Property Description:
A tract of land as described in a Deed, Document No. 362571, filed
for record December 8, 1995, in the Office of the Scott County
Recorder
.
Street Address:
14138 Orchard Circle
Flooding Source:
Prior Lake
This letter amends the above-referenced NFIP map to remove the residential structure from the SFHA. The
residential structure is now located in Zone X (unshaded), an area above the 0.2-percent-annual-chance flood
level. Flood insurance coverage for the residential structure may be available under a low-cost policy (see
enclosed document). Because portions of the 1'& ut'",rty remain in the SFHA, any future construction or
substantial improvement on the property remains subject to Federal, State, and local regulations for floodplain
management.
An additional enclosed document provides information about LOMAs. If you have any questions about this
letter, please contact Ms. Helen Cohn of our staff in Washington, D.C., either by telephone at (202) 646-3457
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Sincerely,
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Frederick H. Sharrocks Jr., Chief Hazard Identification Branch
Mitigation Directorate
Enclosures
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cc: State Coordinator (w/o enclosures)
Community Map Repository
ADDITIONAL INFORMATION REGARDING
"-
U.l .lI!.RS OF MAP AMENDMENT
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For Letters of Map Amendment (LOMAs), the Federal Emergency Management Agency
(FEMA) bases its determination on the flood hazard information available at the time of
the determination. Requestors should be aware that flood conditions may change or new
information may be generated that would supersede FEMA's determination. In such cases,
the community will be informed by letter.
Requestors also should be aware that removal of a property (parcel of land or structure)
from the Special Flood Hazard Area (SFHA) means FEMA has determined that the
property is not subject to inundation by the flood having a I-percent chance of being
equaled or exceeded in any given year (base flood). This does not mean the property is
not subject to other flood hazards. The property could be inundated by a flood with a
magnitude greater than the base flood or by localized flooding not shown on the effective
National Flood Insurance Program (NFIP) map.
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The effect of a WMA is that it removes the Federal requirement for the lender to require
flood insurance coverage for the property. The LOMA is not a waiver of the condition that
the property owner maintain flood insurance coverage for the property. Only the lender can
waive the flood insurance purchase requirement because the lender imposed the
requirement. The property owner must request and receive a written waiver from the lender
before canceling the policy. The lender may determine, on its own as a business decision, that
it wishes to continue the flood insurance requirement to protect its financial risk on the
loan. If the lender decides to release the property owner from the flood insurance
requirement, and the property owner decides to cancel the policy and seek a refund, the
!'It'll' will refund the premium paid for the current policy year, provided that no claim is
pending or has been paid on the policy during the current policy year. The property owner
must provide the written waiver to the property insurance agent or company that is servicing
his or her policy. The agent or company will then process the refund request.
The LOMA provides FEMA's comment on the mandatory flood insurance requirements of
the !'It'll' as they apply to a particular property. A LOMA is not a building permit, nor
should it be construed as such. Any development, new construction, or substantial
improvement of a property impacted by a LOMA must comply with all applicable
State/Commonwealth, local, and other Federal criteria.
Even though the property is not located in an SFHA, as mentioned in the LaMA, it could
be flooded by a flooding event with a greater magnitude than the base flood. In fact, more
than 25 percent of all losses in the !'It'11" occur to property located outside the SFHA in
Zones B, C, X (shaded), or X (unshaded). More than one-fourth of all policies purchased
under the NFIP protect property located in these zones. That risk is just not as great as the
flood risk to property located in SFHAs. To offer flood insurance protection to owners of
such property, the NFIP offers two types of flood insurance policies: the Standard Policy
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