In a recent government meeting, officials discussed the release of FEMA's updated floodplain maps, which became effective on July 31, 2024. These maps are crucial for property owners, as being located in a flood zone may require them to purchase flood insurance. Citizens are encouraged to hire professional land surveyors or engineers to assess their property's elevation. If a property is found to be above the floodplain, homeowners can apply for a Letter of Map Amendment from FEMA, potentially exempting them from flood insurance requirements.
The discussion highlighted that homeowners without a mortgage are not mandated to obtain flood insurance, but it may still be beneficial for property value when selling. The meeting also included a motion to enter a closed session to discuss sensitive business matters, emphasizing the importance of confidentiality in negotiations that could affect property values and business expansions. No actions are expected to be taken during this closed session.