To follow-up on my previous post, on November 8, the Lee County Commissioners considered several changes to facilitate repairs to buildings damaged by Hurricane Ian. The most significant changes involve how the “50% Rule” will be calculated.
The calculations for the 50% Rule along with other guidelines relating to the 50% rule are based on local regulation. Lee County Board of Commissioners were presented with and approved the following changes:
- Allowing for a “permit-by-permit” valuation of the cost of repairs. The past County regulations required a cumulative consideration of improvements made over the previous 5 years. This change would not apply to “repetitive loss” properties that have received two or more NFIP payouts in excess of $1000 over a 10-year period.
- Amending cumulative period for “repetitive loss” properties from 5 years to 1 year for 50% calculation.
- Updating elevation requirements for manufactured homes in special flood hazard areas and coastal high hazard areas.
- Amendment reflecting that the newest version of FEMA flood insurance rate maps for Lee County take effect November, 17, 2022.
At its upcoming Special Meeting on November 8, the Lee County Commission will consider several changes to facilitate repairs to buildings damaged by Hurricane Ian. The Local Planning Agency (LPA) will consider and make a recommendation on the proposed changes at its meeting on November 7.