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Oldsmar planning board backs change to floodplain ‘substantial improvement’ rule to exclude certain storm repairs
Summary
The Oldsmar Planning Board voted to recommend a City Council ordinance that would exclude wind- and flood-related repair costs (under 49% of pre-damage market value) from the five-year cumulative substantial-improvement calculation for properties in the special flood hazard area.
The Oldsmar Planning Board on Jan. 8 recommended that the City Council amend the city’s land development code so certain storm-related repair costs would not count toward the five-year cumulative “substantial improvement” threshold used in floodplain administration.
Planning and Redevelopment Director Tatiana Childress told the board the amendment would “allow the property owners to restore wind or flood damaged structures to pre damaged condition without being penalized under the substantial improvement, provided that the property is not substantially damaged and the cost to repair is below the 49% of the market value of the structure.”
Nut graf: The change would exclude from the five-year cumulative calculation repairs meant to restore pre-damage condition after…
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