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EMERGENCY MANAGEMENT AGENCY FEDERAL Region IV 1375 Peachl. ree Stree[, NE Atlanta, Georgia 30309 March 26, 1981 [.~. Charles D. McGinnis County 5~nager P. O. Box 707 Concord, North Carolina 28025 Dear Nr. McGinnis: Thank you for the submission of the Flood Plain Management Ordinance for Cabarrus Co~ty, North Carolina. The ordinance satisfactorily, meets the requirements of Section 44, CFR 60.3 of the National Flood Insurance Program criteria and, therefore, establishes Regular Program eligibility for your community. Enclosed is a copy of a sample press release which we encourage you to send to the local news media to inform residents of the additional insurance coverage which will be available on the effective date of your Flood Insurance Rate ~p (FIRM), May 5, t981. We are enclosing several brochures which we encourage you to forward to those residents and/or property owners who are subject to flooding hazards. We are confident that the effective administration and enforcement of flood- plain management regulations will result in a substantial reduction of future flood losses through the wise management of flood plains. The date of your community's FIRM is the effective date for the authorization of the sale of first and second layer flood insurance coverage at actuarial rates for all new construction and sabstauti~l improvements to existing structures within the community. First layer coverage on structures built prior to the date of you~ FIRM will continue to be made available at subsidized rates unless substantial improvements are made to structur"es. The actuarial rate zones and base flood elevations applicable to your com~unity are indicated on the FIRM. YOU should be aware that actuarial rates for insurance on a structure increase as~the first floor elevation of the structure decreases below the base flood levels established for your co,unity. In addition, it should be pointed out that on the effective date of the FIRM, the FIRM supersedes all previous maps for the purpose of determining whether individual properties are located inside or outside the area having special flood hazards. After that date, new construction will be charged actuarial rates which may be higher if the construction is not built in compliance with the floodplain management and first floor elevation requirements of the National Flood Insurance Program.