2009-25Project: Upgrading of the OTP &
COIL Sanitary Lift
Stations
L17# 4103
RESOLUTION NO. 2009- 26
A RESOLUTION OF INTENT REGARDING NATIONAL FLOOD INSURANCE
WHEREAS, application provisions for loans from the Water Pollution Control Revolving
Fund require compliance with the National Flood Insurance Act of 1968, as amended, and;
WHERAS, the costs of securing and maintaining flood insurance are eligible for loan
participation during the approved construction period, and;
WHEREAS, failure to secure flood insurance for eligible construction located in
designated flood hazard areas will cause this construction to become ineligible for loan funds.
NOW, THEREFORE, BE IT RESOLVED, that the Village of Buffalo Grove will
cooperate and coordinate with the National Flood. Insurance Program to acquire and maintain
any flood insurance made available for Project L17#4103 for the entire useful life of the
insurable construction pursuant to the Flood Insurance Act of 1968, as amended, and that it will
secure said flood insurance for each insurable structure, as soon as said insurance is available and
will notify the Illinois Environmental Protection Agency in writing that the National Flood
Insurance requirement has been satisfied.
AYES: 5 - Braiman, Glover, Trilling, Stone, Sussman
NAYES: 0 - None
ABSENT: 1 - Berman
PASSED: May 18 , 2009
APPROVED: May 18 12009
APPROVED:
lf�
Village President
ATTEST:
t,U
Village Clerk
GAPwDIRGRP\LHC\1EPA\Res 09 OTP COTL.doc