CHICAGO – The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA), in partnership with the Minnesota Department of Natural Resources (IDNR), will host a flood risk information open house for Pine County residents on Tuesday, March 15, 2011, from 4:30 p.m. to 6:30 p.m. in the meeting room at the Pine City Library, 300 5th Street SE in Pine City.
Newly released preliminary Digital Flood Insurance Rate Maps will be displayed so residents can learn about their risk of flooding and how this will affect their lives and property. Property owners, realtors, lenders and insurance agents may drop-in at any time during the event to speak with MDNR and FEMA representatives and learn more about flood risk and hazard mitigation within their community.
“Everyone is at some risk of flooding,” said Andrew Velasquez III, regional administrator of FEMA Region V in Chicago. “Pine County residents and business owners need to know what that risk is so they can make informed decisions about their safety and financial investments.”
Some residents may be required to purchase flood insurance once local communities adopt these maps. The purchase of flood insurance is required by federally insured or regulated mortgage lenders if a structure is located in a high-risk flood area. Once effective, these maps will be used to determine flood risk, develop mitigation measures, and encourage wise and responsible risk management decision-making that can help reduce the damaging effects of flooding.
For more information, contact John Devine, program specialist, at (312) 408-5567.
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