FEMA flood maps deliver bad news to homeownersFargo, ND (WDAY TV) - New FEMA flood maps are now out and that is not good news for more than a thousand homeowners.
Fargo, ND (WDAY TV) - New FEMA flood maps are now out and that is not good news for more than a thousand homeowners.
Those homeowners will now be forced to buy flood insurance and we're not talking a few hundred dollars.
Before this latest FEMA map Fargo had 500 structures in the flood plain, people who are forced to buy insurance.
That number has jumped to 2,300 structures and there are 4,000-5,000 more within 25 feet of this new 100 year flood line.
Mayor Dennis Walaker, Fargo: "We're into the areas now where we have issued building permits to people based on the other flood plain that we used to have and we feel responsible for that."
Here's the price breakdown for the 1,800 added structures to the flood plain.
A $250,000 dollar home with $100,000 worth of property inside will pay $1,500 bucks for insurance if they're grandfathered in. If not, $25,000 dollars a year.
Residents will start paying that cost next year when the map goes into effect. The city says it'll continue to build up its protection and work these homes out of the flood plain. To get all of the homes out it'd take about $250 million.
Walaker: “We want to thank everyone who had the foresight to vote for the increased sales tax because this will provide us the opportunity to try and provide protection to 42 feet.”
If the diversion project would go through, that would clear all of these homeowners out of the flood plain.
To see who's affected by this new map the city set up a website. Go to www.fargofloodinsurance.com.
That site also has contacts to FEMA if you have insurance questions.
Also there will be two public meetings on the new map.
The first one is Tuesday, September 11th from 6 to 9 at Davies High School.
The second is the following night, the 12th also from 6 to 9, at the Fargo Civic Center.