The FERC, with prior review by FEMA, has given the go ahead to start construction on a project that will allow for the submittal of flood plain map revisions that will remove nearly 200 parcels from the 100 year flood plain maps in Stevens Point.
The Mayor of the City of Stevens Point, along with representatives from Consolidated Water Power Company (CWPCO) a subsidiary of New Page Corporation, announced today that the Federal Energy Regulatory Commission (FERC), with prior review by the Federal Emergency Management Agency (FEMA), has given the go ahead to start construction on a project that will allow for the submittal of flood plain map revisions that will remove nearly 200 parcels from the 100 year flood plain maps in Stevens Point.
“This project allows for significant savings for our residents who are currently required to have flood insurance, and also increases property value and interest in our center city; by no longer having the burden on sales of homes due to the flood insurance requirement,” said Stevens Point Mayor Andrew Halverson. “This project saves our residents between $700 and $1400 per year by no longer having the flood insurance requirement. This initiative would not have been possible without the great partnership we built with CWPCO, and their representatives who are great community partners,” Halverson said.
“I want to personally thank Tom Witt and Tom Scharff for their leadership and patience while standing with the City for so many years working on this project and allowing the City to make these changes to their asset,” Halverson said. “In no way was CWPCO required to do this for us and our residents, they did it because they knew it was the right thing to do,” Halverson added.