Any applicant to whom a variance is granted shall be given written notice over the signature of a community official that:
(A) 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 twenty-five dollars ($25) for one hundred dollars ($100) of insurance coverage; and
(B) Such construction below the base flood level increases risks to life and property. A copy of the notice shall be recorded by the Floodplain Administrator in the Office of the Lawrenceburg Recorder and shall be recorded in a manner so that it appears in the chain of title of the affected parcel of land.
(C) The Floodplain Administrator shall maintain a record of all variance actions, including justification for their issuance, and report such variances issued in the community's biennial report submission to the Federal Emergency Management Agency.
(Ord. 2009-05, passed 9-14-09)