February 2018

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REAL, SIGNIFICANT SAVINGS FOR ISLAND PARK HOMEOWNERS ON THEIR FLOOD INSURANCE PREMIUMS......

Mayor Michael McGinty and the Board of Trustees would like to announce:

The Village met with representatives of the New York State Department of Environmental Conservation (NYSDEC) and we have successfully passed the Community Assistance Visit (CAV) making us eligible to participate in the Community Rating System (CRS). The Community Rating System is a national program developed by the Federal Emergency Management Agency (FEMA). Participation is awarded to communities that are doing more than just meeting the minimum National Flood Insurance Program (NFIP) requirements to help their citizens prevent or reduce flood losses. Incentives are provided to communities to initiate new flood protection activities. The NYSDEC has stated that the Village should be able to attain an initial rating of 9 which would equate to an estimated 5% savings on an average NFIP flood insurance premium in the Village. The Mayor and the Board will continue to improve the Village’s flood plain policies going forward to achieve a rating of 8 or 7 that will equate to an estimated cost savings for residents of 9% to 13% on an average NFIP premium.

Our average homeowner in the flood zone, upon inception of the Village CRS

Program, will save over $93.00 on their flood insurance policy with even more savings to come. For more information, please contact Village Hall at 516-431-0600.