Severe Repetitive Loss (SRL) Pilot Program

Final Mitigation Offer

Grantee [State/Territory/Tribe]: _____________________________________

Subgrantee [State-level agency/City/County/Indian tribal government]:     

_________________________________________________________________

Property Owner(s):_________________________________________________

Property Address:  ________________________________________________

NFIP Policy Number: _____________ Repetitive Loss Number: ___________

This documents the formal Mitigation Offer of Assistance for the SRL program.

  1. A mitigation grant has been awarded to the [City/County] that includes your SRL property.
  2. The SRL program is a voluntary program.  Neither the [State] nor the [City/County] will use their power of eminent domain to acquire your property for open space purposes if you choose not to participate or if negotiations fail.
  3. All information related to you and/or your individual property that is collected during the consultation and offer processes shall be protected consistent with the federal Privacy Act and similar State and local laws and ordinances.
  4. The estimated amounts in the Pre-Award Consultation Agreement are finalized in the Mitigation Offer below.
  5. The [City/County] will complete Section A. for property acquisition or Section B. for mitigation activities other than acquisition.

Section A.  Property Acquisition 

In order to receive pre-event market value for your property, you sign here to document your eligibility to receive that amount; otherwise, you will receive a Mitigation Offer based on appropriate purchase offer methodology (i.e. current market value, outstanding loans, original purchase price): 

“I certify that I am a National of the United States or a qualified alien.”

_____________________________________________________________________
Signature of SRL Property Owner(s)                                                             Date

_____________________________________________________________________
Signature of SRL Property Owner(s)                                                              Date

 

Your Final Mitigation Offer is based on adjusting the valuation of your purchase offer of $_________________ by applicable additions (e.g. supplemental housing payments) of $________________ and deductions (i.e., flood insurance, duplicated benefits, costs borne by you) of $___________________.  The methodology used to calculate your property value (i.e. pre-event market value, current market value, outstanding loans, original purchase price) was____________________________. 

Final Mitigation Offer:  $  ___________________

Federal / non-Federal Cost Share (75 / 25 or 90 / 10):  ______________  

Cost borne by property owner: $  __________________

You are accountable for maintenance and insurance requirements for the property during the mitigation project (i.e., maintaining flood insurance through property transfer). 

Your additional responsibilities may include, receiving funds in a bank account for the project, keeping receipts for the project in accordance with [State/City/County] grant and contract requirements, and other programmatic requirements e.g., timelines for vacating the property and as specified below by the [City/County]. 

___________________________________________________________________                            

___________________________________________________________________

___________________________________________________________________

At this time you must sign the attached Statement of Voluntary Participation. 

 

Section B.  For Mitigation Activities Other than Acquisition

Your Final Mitigation Offer amount is based on adjusting the cost of the mitigation activity of $______________ by applicable additions of $_______________and deductions (i.e., flood insurance, duplicated benefits, costs borne by you) of $_________________.

Final Mitigation Offer:  $  ___________________

Federal / non-Federal Cost Share (75 / 25 or 90 / 10):  _____________  

Cost borne by property owner: $  __________________

You are accountable for maintenance and insurance requirements for the property during and after the mitigation project implementation (i.e., maintaining flood insurance on your property). 

Your additional responsibilities may include securing a contractor, receiving funds in a bank account for the project, keeping receipts for the project in accordance with [State/City/County] grant and contract requirements, and other programmatic requirements as specified below by the [City/County]. 

___________________________________________________________________                            

___________________________________________________________________

___________________________________________________________________

You must sign the attached Model Acknowledgement of Conditions for Mitigation of Property in a Special Flood Hazard Area for elevation, mitigation reconstruction, or dry floodproofing activities.

6.  All holders of recorded interest in the property have been notified of the final mitigation offer. The holders of recorded interest are:

___________________________________________________________________

___________________________________________________________________

___________________________________________________________________

The local government and property owner will initial and date below to document each meeting related to the Mitigation Offer.

          ______________________________________________________________
          Homeowner(s)                             Local Government Official(s)            Date

                      

         ______________________________________________________________
         Homeowner(s)                             Local Government Official(s)            Date

 

         _______________________________________________________________
          Homeowner(s)                             Local Government Official(s)            Date

 

Accepting or Declining the Mitigation Offer

You have 45 days from the date of the Mitigation Offer Letter to accept or decline the mitigation offer of assistance by signing the appropriate section below and returning it to [City/County] in the attached envelope or in person at [City/County address].  Failure to respond to the Mitigation Offer within 45 days of the date on this Mitigation Offer constitutes declining the Mitigation Offer. 

  1. You may request in writing that the Regional Administrator extend your the period of time to consider the mitigation offer beyond 45 days.  In your letter you must explain the extenuating circumstances.  This request must be submitted before the expiration of the 45 day time period.
  2. If you decline the Mitigation Offer made under the SRL program, your property will be subject to an increased flood insurance premium rate.  Generally, this increase will occur upon renewal of the insurance policy.  You will receive a separate Notice of NFIP Insurance Premium Rate Increase from FEMA.
  3. If you decline the Mitigation Offer, you retain the right to appeal the increased flood insurance premium rate only in certain circumstances in accordance with 44 CFR Part 79.7 (d) and Section 5.4 of the SRL Program Guidance.

This offer of mitigation assistance remains open and available to you, even if you decline and/or appeal the offer, as long as the SRL program exists and funds are available.

Accepting the Mitigation Offer

Final Mitigation Offer: $  ______________________

Mitigation Activity: ______________________________________________

I, the property owner, accept this Mitigation Offer
 

__________________________________________________________________
Signature of SRL Property Owner(s) or Authorized Representative(s)   Date

 

___________________________________________________________________
Signature of SRL Property Owner(s) or Authorized Representative(s)   Date

 

__________________________________________________________________
Signature of [City/County] Representative                                            Date

NFIP Policy Number:  _______________   Repetitive Loss Number:  ____________

 

Declining the Mitigation Offer

Mitigation Offer Declined:  I do not accept this Mitigation Offer of Assistance.  I understand that FEMA will notify me of the  chargeable insurance premium rate increase for my property.  FEMA will issue a Notice of NFIP Insurance Premium Rate Increase to me specifying the effective date of the insurance premium rate increase for my property.  Generally, this increase will occur upon renewal of the insurance policy.  

In addition, I understand that I have the right to appeal an increase in flood insurance premium rate only in certain circumstances and have received information from the subgrantee on the specific grounds for appeal and that process.  Failure to respond to this offer within 45 days constitutes declining the Mitigation Offer of Assistance. 

__________________________________________________________________
Signature of SRL Property Owner(s) or Authorized Representative(s)   Date

 

_________________________________________________________________
Signature of SRL Property Owner(s) or Authorized Representative(s)   Date

 

_____________________________________________________________________
Signature of [City/County] Representative                                                       Date

NFIP Policy Number: _______________   Repetitive Loss Number:  ______________

 

Attachments:    Appeal Fact Sheet and Process
                        Examples of Insurance Premium Rate Increases for Appeal
                        Statement of Voluntary Participation Form
                        Model Acknowledgement of Conditions for Mitigation of Property
                             in a Special Flood Hazard Area
                        Mailing Envelope with [City/County] Address

Last Modified: Monday, 14-Jan-2008 10:29:28 EST