Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cal OES finds Rolling Hills not eligible for FEMA buyout program after benefit-cost review
Summary
City staff reported that Cal OES calculated a benefit-cost ratio of 0.83 for a voluntary buyout proposal and therefore determined the project did not meet FEMA's 1.0 cost-effectiveness threshold; staff will close the city's draft notice of interest and continue to monitor other mitigation funding opportunities.
City staff informed the council that the California Governor's Office of Emergency Services (Cal OES) performed a benefit-cost analysis for a Rolling Hills voluntary buyout under FEMA hazard-mitigation guidance and determined the proposed buyout is ineligible because the benefit-cost ratio (BCR) was calculated at 0.83, below FEMA's required threshold of 1.0.
Staff said Cal OES used standardized FEMA inputs for the calculation, including a Zillow property estimate used as an exposure value and a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
