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HomeMy WebLinkAbout(0005) IR 21-10640 - Floodplain Management Plan.5 Year Update (2)INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 21-10640 paT� To the Mayor and Members of the City Council August 24, 2021 Page 1 of 1 * � SUBJECT: FLOODPLAIN MANAGEMENT PLAN 5 YEAR UPDATE ra ra This report is to provide information about the Federal Emergency Management Agency (FEMA) required five-year update of the City's Floodplain Management Plan (IMP) in anticipation of a September M&C requesting Council adoption of the updated plan. On August 30, 2016, the City Council passed a resolution adopting the current IMP, which identifies flood risks across Fort Worth, evaluates the impacts of those risks on the community, and provides a prioritized framework for reducing future flood risks. The IMP is required for the City's participation in FEMA's Community Rating System (CRS), a program that promotes flood risk awareness and provides discounts to Federal Flood Insurance premiums relative to a community's flood risk reduction actions. The program has 10 levels, with Level 10 receiving no flood insurance discount and Level 1 having the highest flood insurance discount of 45%. Currently, the City of Fort Worth is a Level 8 CRS community, earning a 10% premium discount on eligible flood insurance policies. The CRS program saved the Fort Worth community —$185,500 in flood insurance premiums in 2021. This saves the average policyholder approximately $150 annually in flood insurance premiums. The FMP update process incorporates significant community involvement including three stakeholder meetings, two public meetings, electronic and social media outreach efforts and survey questions. The City Plan Commission (CPC) was briefed on the update on July 14, and a final presentation is planned on August 251h to request CPC's recommendation to City Council to adopt the updated plan. During the update, the adopted plan's 55 ongoing flood mitigation activities and 82 potential action items were evaluated by Stormwater staff considering community feedback. The key updates to the IMP include the following: • 9 potential actions were removed from the list because they were obsolete, ineffective, or associated with discontinued programs • 18 identified actions are substantially complete and were reclassified as ongoing Stormwater Management Program activities • 9 new potential actions were added The remaining potential actions that have not yet been implemented were determined to still be valuable and were retained for possible future action. Implementation of the prioritized action items in the plan is contingent upon financial and staffing resources, and overall Stormwater Management Program priorities. For reference, the 2016 IMP and summary of the changes between the 2016 and 2021 Mitigation Action Plan tables can be found on the City's website at: hgps://www.fortworthtexas. og v/departments/tpw/stonnwater Please contact Clair Davis, the City's Floodplain Administrator, at 817-392-5981 with any questions related to the updated Floodplain Management Plan. David Cooke City Manager ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS