Title
Consider and take action on a resolution authorizing the submission of a grant application to the Flood Mitigation Assistance Grant Program under the Federal Emergency Management Agency (FEMA) for three (3) residential elevation projects and authorizing the acceptance of such a grant if awarded (Executive Director of Development Services)
Background:
Approval of this item will authorize the City Manager to submit applications for three (3) residential elevation projects to the FEMA Flood Mitigation Assistance Grant Program (FMA). This program has been funded to help states and communities pay for cost effective ways to reduce or eliminate the long-term risk of flood damage to repetitive loss and severe repetitive loss structures that are insured under the National Flood Insurance Program (NFIP). The current FMA Call has been funded at a total amount of $600 million. The Texas Water Development Board (TWDB) administers the FMA grant program for the State of Texas on behalf of FEMA.
Goals of the FMA program include reducing or eliminating:
· repeated claims under the NFIP, and
· the dependence on taxpayer-funded federal disaster assistance for disaster recovery.
With the current call, up to $120 million in funding is available for use to mitigate the risk of flooding to individual NFIP-insured structures. While there are funds for individual mitigation, property owners are required to work through local governments to submit applications.
The property owners for 2108 Knollwood St., 2114 Cove Park Drive, and 2118 Cove Park Drive have reached out to Staff for assistance in submitting their applications. The City would package the 3 properties into 1 application and submit for them as required by the Grant.
If the grant is awarded, FEMA would fund the project at a minimum of 75% but based on prior flooding history can elected to fund at a higher rate. All 3 property owners have agreed to provide any matching funds required.
The City would act as the ...
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