Sunbury flood wall certification worth more than $1.5 million to property owners [The Daily Item, Sunbury, Pa.]
| By Evamarie Socha, The Daily Item, Sunbury, Pa. | |
| McClatchy-Tribune Information Services |
It's important news for the city, Wilt said. If the flood protection system was found not accredited,
That would have put residential property owners under a mandatory requirement to purchase flood insurance, collectively estimated at
According to
Those without a mortgage and flood insurance would have received less money through public assistance in the event of a flood.
"As a result, the community would also see a decline in property values, which would directly impact the tax base," Wilt said in a statement. "De-accreditation, as a whole, could cost a community millions of dollars annually."
Also, any new construction or renovated buildings would need to be elevated to or above a "base flood elevation."
While
Everyone who lives behind a flood control system "should understand the risk to life and property" and prepare accordingly.
The system was in poor condition when the city turned it over to the
Since then, the authority has pumped more than
The
___
(c)2011 The Daily Item (Sunbury, Pa.)
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