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R94-69 12-12-94RESOLUTION R94-69 A RESOLUTION AUTHORIZING THE CITY MANAGER TO APPLY FOR AND EXECUTE AGREEMENTS ASSOCIATED WITH SECTION 1362 OF THE NATIONALFLOOD INSURANCE PROGRAM, ADMINISTERED BY THE FEDERAL EMERGENCY MANAGEMENT AGENCY. WHEREAS, the City of Pearland experienced heavy rainfall during the third week of October 1994, with severe flooding occurring along Clear Creek, Mary's Creek, and Hickory Slough; and WHEREAS, many residences located within the flood plain were damaged beyond repair by the flood waters; and WHEREAS, the City's Flood Hazard Prevention Ordinance establishes land use laws and flood plain management criteria; and WHEREAS, the Federal Emergency Management Agency, through Section 1362 of the National Flood Insurance Program, offers insured homeowners the alternative of relocating in nonflood-prone areas by purchasing their flood-damaged property; and WHEREAS, the City Council intends to sponsor the City's participation in Section 1362 of the National Flood Insurance Program, thereby helping homeowners recover from their losses, and reducing the loss of lives and property in flood-prone areas. BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the City Manager is authorized to apply for and execute agreements associated with Section 1362 of the National Flood Insurance Program, administered by the Federal Emergency Management Agency. Section 2. That, in the event a buyout is granted by the Federal Emergency Management Agency, the City of Pearland agrees to accept title to the purchased property and manage it for open space or nondevelopment purposes. RESOLUTION R94-69 .PASSED, APPROVED, and ADOPTED this the /2_~ day of MAYOR ATTEST: PAT J APPROVED AS TO FORM: