(A) The Flood hazard areas of the city are subject to periodic inundation which results in potential loss of life, loss of property, health and safety hazards, disruption of commerce and governmental services, extraordinary public expenditures for Flood protection and relief and impairment of the tax base, all of which adversely affect the public health, safety and general welfare.
(B) This chapter is based upon a reasonable method of analyzing Flood hazards which is consistent with the standards established by the State Department of Natural Resources.
(C) This chapter is adopted to comply with the rules and regulations of the national Flood insurance program codified as 44 C.F.R. parts 59 through 78, as amended, so as to maintain the city's eligibility in the national Flood insurance program.