(A) Any applicant to whom a variance is granted shall be given written notice, over the signature of a community official, that:
(1) The issuance of a variance to construct a structure below the base flood elevation will result in increased premium rates for flood insurance up to amounts as high as $25 for $100 of insurance coverage; and
(2) The construction below the base flood level increases risks to life and property.
(B) A copy of the notice shall be recorded by the Flood Plain Administrator in the office of the City Clerk-Treasurer and shall be recorded in a manner so that it appears in the chain of title of the affected parcel of land.
(C) The Flood Plain Administrator shall maintain a record of all variance actions, including justification for their issuance, and report any variances issued in the community's biennial report submission to the Federal Emergency Management Agency.
(Ord. 2008-2, passed 4-1-2008)