Once again, the Village has received good news from FEMA! Following the annual recertification review, the Village has maintained a Class 7 Rating with the National Flood Insurance Program’s Community Rating System (CRS). The CRS program allows communities to achieve certain credits (ie. reduction in flood insurance policy premiums) by implementing specific floodplain outreach activities and development regulations. Currently, there are only 15 communities in Illinois with a class 7 rating out of over 200 participating communities nationwide!
What does this mean for Village Residents? Residents who live in a Special Flood Hazard Area (SFHA) continue to qualify for a 15% reduction on flood insurance and those who do not live in a SFHA area can qualify for a 5% reduction. Additional information can be found on the FEMA website at http://www.fema.gov/business/nfip/crs.shtm
How do Residents get notified? All residents and business owners with properties which are located within a Special Flood Hazard Area (SFHA) will be notified by letter in early December. This letter is mailed to approximately 280 Commercial and Residential properties that meet the SFHA criteria. In addition, this information is posted once a year in our September Village newsletter.
If you have any questions regarding the Village’s participation in the Community Rating System, please contact Jim Baxa at 847-272-5050 ext. 4255. |