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Tampa Bay Region - Southwest Florida Water Management District

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(City Code 16.30.040 through 16.40.060.4.5), to regulate development in the flood hazard areas. The basic objective of the<br />

ordinance is to ensure that such development will not aggravate existing flooding conditions and to verify that new buildings will be<br />

protected from damage. St. Petersburg also participates in the Community Rating System (CRS), which requires communities to do<br />

more than just regulate construction of new buildings to minimum national standards (NFIP). Under the CRS, flood insurance<br />

premiums are adjusted to reflect community activities that reduce flood damage to existing buildings, manage development in areas<br />

not mapped by the NFIP, and protect new buildings beyond the minimum NFIP protection level.<br />

Funding Source<br />

Prior Funding<br />

FY2013<br />

Budget<br />

FY2014<br />

Budget<br />

Future<br />

Funding<br />

Total Funding<br />

Applicant Share 2,473,307 75,000 50,000 2,598,307<br />

Pinellas Anclote 2,467,500 75,000 50,000 2,592,500<br />

Total 4,940,807 150,000 100,000 5,190,807<br />

Matching Fund Reduction<br />

Check here if requesting a reduction in matching funds requirement pursuant to s.288.06561, F.S.<br />

Timelines<br />

Agreement with the SWFWMD 01/31/2014<br />

Program Implementation - Start 02/28/2014<br />

Program Evaluation - Start 03/31/2014<br />

Program Implementation - End 02/28/2015<br />

Program Evaluation - End 03/31/2015<br />

Final Report 09/30/2015<br />

76

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