4/11/2016 BOARD OF SELECTMEN Minutes

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Board of Selectmen Minutes April 11, 2016 Communitv Rating Svstem. Shannon Jarbeau . Letter to FEMA. Town Manager: (continued) To gain acceptance into the program, a Letter of Intent to participate in the program is required. Mr. Nicholson is the CRS Coordinator who would be assigned to assist the Town of Mashpee through the process. This includes assistance with the annual recertification as well as finding methods to improve flood insurance discounts. Currently Mashpee has 400 residents with NFIP policies that would benefit from a CRS discount. There is no cost to the Town for this program. Mr. Nicholson indicated the Town of Mashpee would most likely earn a rating of a Class 8, and possibly a Class 7. In Massachusetts communities, a Class 7 rating is deemed the highest available rate due to the wind code relative to speeds and resistance. It was noted that a town can only improve their rating once per year. To change a rating less than a Class 7, it would be necessary to petition the state. A Class 8 rating brings forth a 10°/a discount reflective of a $60,000 overall savings which relates to an estimated savings of $188 per policy holder. A Class 7 Rating would allow for a 15% discount, a total savings of $87,000, and an average per policy savings of $282 per holder. Currently, four Cape towns are participating in the Community Rating System. Motion made by Selectman Gottlieb to send the Letter of Intent as dated April 11, 2016 to FEMA to participate in the Community Rating System, and further obtain additional information regarding the wind code and steps to obtain a Class 7 rating as well as further rating initiatives to improve upon discounts and savings. Motion seconded by Selectman Sherman. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Cabalane, yes Selectman Sherman, yes Selectman Gottlieb, yes Selectman O'Hara, yes Selectman Cotton, yes Opposed, none Shannon Jarbeau - High Water Mark Project, Memorandum of Understanding: Shannon Jarbeau reviewed the High Water Mark Initiative, a voluntary FEMA program that earns Community Rating System (CRS) credit. This program is a part of the National Flood Insurance Program (NFIP) and promotes awareness of flood risk and encourages action to mitigate that risk. It was explained that FEMA provides a town with funding for sign printing, and a sign template. Participating towns are required to assist in determining sign locations, sign installation, perform flood related mitigation actions and participate in the sign launch event. The County will provide support for sign design, height, locations, and the sign launch event. To participate in the launch which is scheduled to be held in June, the Town of Mashpee would be required to execute a Memorandum of Understanding.