MAP ADOPTION: Town meeting MONDAY!
Monday, October 24th is Marshfield Special Town Meeting at 7:00pm at Marshfield High School. This is the meeting in which the Marshfield flood maps will be voted on (Article 5).
The Marshfield Citizens Coastal Coalition has voted unanimously in support of a YES vote in favor of adopting the Flood Insurance Rate Maps
We have outlined below what a YES or NO vote means on the flood map adoption, which is Article 5 at Special Town Meeting:
A YES VOTE:
- National Flood Insurance Program (NFIP) Flood Insurance would continue to be available (available since 1974 in Marshfield)
- The consultants Marshfield has hired to review the flood maps will be able to continue their work and further refine the maps
- Lenders will be able to continue to lend and make loans in flood hazard areas
A NO VOTE:
- Property owners will be unable to purchase NFIP flood insurance policies and existing policies will be non-renewed (loss of grandfathering, loss of pre-FIRM rates, etc.)
- Federal disaster assistance will not be available to buildings damaged by floods that are located in a flood hazard area
- Federally insured or regulated lenders, such as banks and credit unions, will still be able to make loans for buildings in flood hazard areas in town. However, some lenders may voluntarily choose not to make loans and stop lending in flood hazard areas.
The Flood Insurance Rate Maps (FIRMs) require a 2/3 vote to pass at Marshfield Special Town Meeting
In order to help educate you further on the mapping issue, we have updated and added documents to our Insurance download page. Many of these documents will help educate you on insurance decisions, rate increases, and other important flood map documents. These documents can be found here: http://www.marshfieldcoastalcoalition.org/?page_id=329
