2011 Flood Quick Buy Program Storm Water Services September 7, 2011 Mecklenburg County 2011 Flood Quick Buy Program Storm Water Services September 7, 2011

Rainfall – August 5, 2011 Up to 6.8 inches of rain in 4 hours Greatest impact Irwin & Sugar Creek watersheds

Homes on Andrill Terrace Flood Damages More than 100 buildings damaged Over 160 units/dwellings impacted About 60 had finished floor flooding 2 Fatalities 100+ buyout properties = No Losses Homes on Andrill Terrace

Response Early warning to emergency responders Charlotte Fire Department 100 storm related calls 30 flood rescues Damage Assessment Teams Federal & State Assistance

2011 Quick Buy Similar to 2003 and 2008 Quick Buys Reduce future loss of life & property Enhance the floodplain benefits Reduce emergency response Increase resiliency of Charlotte-Mecklenburg

Qualifying Criteria Single-family homes No Floodplain Ordinance violations Flooding in living space or more than 25% in building damage Inside Encroachment Area or in vicinity of past buyout areas* Note: * New Quick Buy Criteria

Calculation of Offers Without flood insurance: With flood insurance: 2011 tax value* or pre-flood appraisal Minus damages (contractors or adjusters estimate) With flood insurance: Minus losses (flood insurance claim) Note: * New Quick Buy Criteria

Calculation of Offers All eligible properties: Credit clean up costs No credit for repairs made Replacement dwelling and moving payments* Note: * New Quick Buy Element

Prioritization Proposed $2M funding adequate to address all eligible properties Key Elements Inside Encroachment area, greatest to least damage Outside Encroachment area, greatest to least damage

Summary 16 to 20 single-family homes will qualify Storm Water “Rainy Day” funding available SWAC endorsement on Aug 18th Offers could begin next week

Locations of Eligible Properties

Qualifying Criteria Example