Resolution 2015 - 18 - Voluntary Flood Buyout

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RESOLUTION 2015 - 18 RESOULTION ESTABLISHING A VOLUNTARY FLOOD BUYOUT POLICY FOR THE CITY OF UNIVERSITY CITY, MISSOURI FY 2014 FMA/SRL VOLUNTARY FLOOD BUYOUT PROJECT BE IT RESOLVED BY THE CITY COUNCIL OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. The Federal Emergency Management Agency (FEMA) has approved grant funding through the Flood Mitigation Assistance (FMA) Program for the acquisition and demolition of three (3) flood-prone residential properties located on Wilson Avenue. Specifically, $486,017.60 in Federal funds is granted for the completion of the FY 2014 FMA/SRL Voluntary Flood Buyout Project (the "2014 FMA/SRL Project). The City has executed FEMA's Flood Mitigation Assistance Program Funding Approval and Grant Agreement forms. The City has agreed to accept responsibility for adherence to all grant requirements. Section 2. The City is required by FEMA to adopt a Voluntary Flood Buyout Policy. The City's FY 2014 FMA/SRL Voluntary Flood Buyout Policy (the "2014 FMA/SRL Policy) is hereby approved in substantially the form attached hereto as Exhibit A. Section 3. Representatives of the City are hereby authorized to use such policies in connection with the acquisition and demolition of the residential properties on Wilson Avenue. Section 4. The City does hereby provide the necessary assurance that restrictive covenants shall be conveyed in the deed to any property the City acquires through FEMA's Flood Mitigation Assistance Program, as follows: 1) The property shall be dedicated and maintained in perpetuity for uses compatible with open t` space, recreational, or wetlands management practices; 2) No new structure(s) will be built on the property, except as approved under Title 44 of the Code of Federal Regulations, Section 206.434(d) (44CFR206.434(d)); and, 3)After completion of the project, no application for additional disaster assistance will be made for any purpose with respect to the property to any federal entity or source, and no federal entity or source will provide such assistance. Section 5. Only properties meeting the following requirements are eligible to participate in the Wilson Buyout Project: 1) The property must be listed in the original buyout application submitted to FEMA or later officially amended to the buyout by both the Missouri State Emergency Management Agency (SEMA) and FEMA, and 2) The property must be a primary residential home. Vacation homes, clubhouses or businesses are not eligible for acquisition under this buyout program. Section 6. As required by SEMA, any changes and additions to the 2014 FMA/SRL Policy will be reviewed by an advisory committee consisting of representatives from SEMA and the City Council. In the event of disputes, differences of interpretation, or disagreements over the guidelines, the decision of the City, acting by and through the City Council, shall be final and in all cases shall be the determining factor, after consultation with SEMA. Section 7. The Mayor, the City Manager and other officers and representatives of the City are hereby authorized and directed to take such other action as may be necessary to carry out the 2014 FMA/SRL Project. Section 8. This Resolution shall be in full force and effect from and after its passage by the City Council and signed by the Mayor. Passed by the City Council and signed by the Mayor of the City of University City, Missouri on the 3rd day of August, 2015. -6 4 L Mayor ATTEST: 12 Y�--- City r