An applicant to whom a variance is granted shall be given written notice that the structure will be permitted to be built with a lowest floor elevation below the regulatory flood elevation and that the cost of flood insurance will be commensurate with the increased risk resulting from the reduced lower floor elevation. A copy of the notice shall be recorded by the Floodplain Administrator in the office of the Riverside County Recorder in such a manner that it appears in the chain of title of the affected parcel or parcels.
(`78 Code, § 18.24.110.) (Ord. 1886 § 1 (part), 1988.)