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$AN City of San Leandro <br />Meeting Date: April 18, 2016 <br />Staff Report <br />File Number: 16-174 Agenda Section: PRESENTATIONS <br />Agenda Number: 3.B. <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: Keith Cooke <br />Engineering & Transportation Director <br />FINANCE REVIEW: Not Applicable <br />TITLE: Staff Report Discussing Potential Mitigation of Changes to the 100 Year Flood <br />Zone Included in the Draft Flood Rate Insurance Maps Distributed by the <br />Federal Emergency Management Agency (FEMA) in 2015 <br />SUMMARY AND RECOMMENDATIONS <br />This is a report on flood zone mitigation activity to date and potential next steps. <br />Staff seeks comments from Council on exploring funding options including an assessment <br />district consisting of properties that benefit from the flood mitigation work proposed in the <br />vicinity of Neptune Drive and Marina Boulevard. <br />-11 <br />The Federal Emergency Management Agency (FEMA) strives to improve the Nation's <br />capability to prepare for, protect against, respond to, recover from and mitigate all hazards <br />including flooding. FEMA addresses flood hazards by evaluating flood risk and publishing <br />their findings in their Flood Rate Insurance Maps (FIRMs). FEMA issued new FIRMs for San <br />Leandro in March 2015 that raise the base flood elevation by approximately one foot and <br />consequently expand the 100 year flood zone to include approximately 1,090 additional land <br />parcels. A 100 year flood is an event that has a 1 % likelihood of occurring each year. FEMA <br />expects to issue a final determination on the new FIRMs in the middle of 2016; the maps will <br />go into effect 6 months after that final determination date. <br />Risk of flooding is an important consideration for property owners and lenders who finance <br />property. Each individual should examine their risk and decide how much, if any, insurance <br />they want to purchase to guard against loss. Federally backed mortgages require flood <br />insurance when the subject property is within the 100 year flood zone. Properties newly <br />added to the 100 year flood zone can receive a discounted insurance rate when the insurance <br />is purchased before or soon after new maps are adopted. FEMA reports that one in three <br />San Leandro properties within the existing 100 year flood zone currently carry insurance. <br />City of San Leandro Page 1 Printed on 4/11/2016 <br />