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1333RESOLUTION NO. _ A RESOLUTION APPROVING THE CITY'S REPETITIVE LOSS PROGRAM FOR THE NATIONAL FLOOD INSURANCE PROGRAM. WHEREAS, the City of West Memphis has pursued an aggressive program since 1988 to reduce flooding and thereby increase public safety, reduce property damages, avoid economic disruptions and losses and reduce human suffering; and WHEREAS, the City has participated in the National Flood Insurance Program's Community Rating System (NFIP's CRS}; and WHEREAS, the NFIP's CRS recognizes the effort that the City has made by reducing flood insurance rates city wide; and WHEREAS, the NFIP's CRS requires the City to submit a Repetitive Loss Plan to continue the reduced flood insurance rates; and WHEREAS, the City has submitted a Repetitive Loss Plan and the NFIP's CRS has accepted the Plan pending approval ,;` by the City Council ; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, that the City Council hereby approves the Repetitive Loss Plan for the City as submitted to the National Flood Insurance Program's Community Rating System. PASSED AND APPROVED th i s ISfh day o f MAFtc. N , 1993. ITH INGRAM, MA R ATTEST: DAN CRAFT, C E K SPONSORED BY: R~~'EIVED CITY CLERK OFFICE ~pl"E 3_~s.-93 ~~~ ra ~'~!o- r