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\NO eassolorrammr, GP Ass0 1111SAM CNIVILL0140$4, •. • <br /> 114111.110,11. 111161114MAIIMI *ariwlafeMT1 <br /> IIAMN*MatM.s.a. OW. �► <br /> Apr I I aD, 1970 <br /> NI 1leKv M/IR TIM <br /> M110 Max sinks IFO <br /> City Ado i n l strater <br /> City of Louisville <br /> City lull <br /> 749 Main Street <br /> Louisville, Colorado 00026 <br /> Doer Mr. Sankss <br /> In my letter of 2/27/72 I informed you that Lousivilie <br /> weld be eligible for. the sole of limited amounts of flood Insurance <br /> at subsidized rates under the National Flood Insurance Program on and <br /> after 3/3/12 . A rate study has now been completed for your <br /> area, and additional amounts of insurance at actuarial rates will be <br /> available effective May 4, 1973. <br /> Enclosed are copies of the official flood insurance soaps, the actuarial <br /> rata tables, and the flood insurance study for your community. The <br /> data contained in the flood Insurance study will provide much of the <br /> technical information necessary to the development of a sound flood <br /> plain management program. Utilising this data, your community will <br /> have to meet the requirements for land use and control measures <br /> contained In paragraph i9i0.3(d November our coclfted regulations <br /> within sits months of May 4, 19 or by . The enclosed <br /> evaluation sheet es well as the appropriate ordinances should be <br /> submitted by that date. <br /> Now that additional coverage Is available, owners of previously <br /> eligible structures may obtain a second layer of insurance at full <br /> actuarial (non-subsidized) rates. Owners of structures, the con- • <br /> stru►ction or substantial improvement of which started after Hay 4, 1973 <br /> and which are located within the area having special flood hazards, <br /> may new obtain flood insurance coverage, but only at actuarial rates. <br /> However, oar structures located outside the area of special flood <br /> hazard are eligible for coverage at chargeable rates. <br /> Is ardor for agents to write coverage on structures in areas of <br /> special flood hazard on or after the effective date of their identi- <br /> fication, they must have information on lowest floor elevations for <br /> structures the construction or substantial Improvement of which started <br /> after that date. Please advise vs of the office or official designated <br /> to furnish the rewired information on lowest floor elevations. <br /> • <br /> • <br />