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Table B -5: National Flood Insurance Program Statistics for Cabarrus Countv <br />Category <br />Number or Value <br />Increase in Units <br />Percent Increase <br />Unincorporated Areas <br />Harrisburg, Midland and Mt. <br />Pleasant <br />Flood Insurance Policies <br />244 <br />68 <br />Total Insured Value <br />$62,447,200 <br />$12,177,400 <br />Total Premiums <br />$101,781 <br />$26,762 <br />NFIP Substantial Claims Since 1978* <br />76 <br />41 <br />NFIP Claims Since 1978 <br />31, total value <br />$1,613,582 <br />16, total value $632,626 <br />Total Repetitive Losses <br />6 <br />3 <br />Total Repetitive Loss Payments <br />$165,026 <br />$55,250 <br />Source: North Carolina Division of Emergency Management. <br />* Substantial Claims indicate damage greater than 50% of current market value <br />F. Repetitive Loss Data - There are 9 cases of repetitive losses in the unincorporated County <br />and Harrisburg for a total value of $220,276 (see Table B -5). There are currently nine <br />structures identified as repetitive loss areas. These repetitive loss areas are residential <br />properties with a majority of the cost related to structural loss. <br />G. Future Vulnerability <br />1. Future vulnerability is defined as the extent to which people are expected to experience <br />harm and property damage by a hazard event if projected development were to occur. <br />Vulnerability will increase significantly if development occurs in areas susceptible to <br />adverse impacts from natural hazards. In response Cabarrus County, Harrisburg, Mt. <br />Pleasant and Midland all made changes to their Flood Damage Prevention Ordinances to <br />limit fill in flood plains. This action will preserve the natural storage capacity of those <br />areas for flood waters and reduces the number of structures built in susceptible areas. <br />2. According to the 2000 Census of Population and Housing, the annual population <br />growth rate for Cabarrus County from 1990 -2000 was 32.5 %. Over that same time <br />period, the number of housing units within the County increased from 39,713 to 52,848 <br />(Table B -6). <br />Table B -6: Cabarrus County Housing Unit Growth <br />1990 Census <br />2000 Census <br />Increase in Units <br />Percent Increase <br />39,713 <br />52,848 <br />13,135 <br />33.07 <br />*Source: 1990, 2000 Census of Population and Housing. Countywide, including all incorporated <br />municipalities. <br />2010 Population <br />Projection <br />2015 Population <br />Projection <br />Increase in Units <br />Percent Increase <br />73,376 <br />86,409 <br />13,033 <br />17.76 <br />*Source: NC Office of State Budget and Management <br />Annex B Vulnerability Assessment B -6 <br />1 October 2004 <br />Attachment number 7 <br />F -6 Page 130 <br />