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4 <br /> Board of Selectmen <br /> Minutes <br /> July 20,2009 <br /> APPOINTMENTS AICD HEARINGS <br /> FEMA—Flood Insurance: <br /> Tom Mayo Mashpee's GIS Administrator was in attendance with <br /> representation from the Federal Emergency Management Agency(FEMA) <br /> to begin an outreach effort on the impact of the Digital Flood Insurance <br /> Rate Map(DFIRM) and Flood Insurance Study FIS report regarding the <br /> Town's participation in the National Flood Insurance Program(NFEP). <br /> Mashpee's Building Inspector Richard Stevens was also present. <br /> Flood Insurance Rate Maps show high risk areas where there is at least a <br /> I%annual chance of flooding. In these areas, flood insurance is required <br /> for mortgages from federally regulated lenders. The maps also depict low <br /> or moderate risk areas where flood insurance is optional, but <br /> reconnnended. <br /> Specific revisions to the flood zone areas summarized in the FIS report <br /> may result in an increase in the number of reap panels in the Town. It was <br /> explained that approximately 40 to 50 homes or businesses in Mashpee <br /> may be affected. For liability purposes, there is no specific outreach to <br /> i di idual property owners. As a general rule, homes within one Mile of <br /> the coast would be affected by the revision. <br /> For public awareness,the Selectmen agreed to adequately publicize the <br /> Digital Flood Insurance Rate Map and Flood Insurance Study. Mr. Mayo <br /> indicated he is working on an Assessor's map overlay for publicieing. <br /> It was disclosed there is a rational Flood Insurance Program (QIP) <br /> grandfather*ng provision. if a flood insurance policy is purchased before <br /> the new map tabes effect,the grandfathering provision would offer a <br /> substantial cost savings to homeowners ners requiring flood insurance <br /> protection. <br />