[StBernard] Craig, is this right?

[Westley Annis]

CK,
 
Your area is more of a redevelopment zone than a true greenspace as
greenspace comes from the hazard mitigation grant program and requires
property to be deed restricted.  When hazard mitigation money is used,
insurance benefits are deducted as a matter of required procedure.  The key
to the plan that Duany has proposed is what the council asked the LRA to
consider and what we will ask the legislature to consider and that is to not
deduct insurance benefits, at least not 100% from the LRA housing assistance
plan.  You are absolutely right, if insurance, even a portion is allowed to
be kept, it makes it much more palatable for people to buy in to a buy out.
 
Good luck and God Bless,
Craig
 
-----Original Message-----

Thanks, Wes. Craig, I wonder if you can confirm this for us.  I would
imagine a lot of people are in my situation and it will make a difference as
to whether we take the buy-out. I had heard rumors of the 75% compensation
for the "mitigation zone" (I am in the mitigation zone as it is presently
drawn, in BVN and north of Patricia) but I have not heard confirmation of
whether or not my insurance proceeds would be deducted from the 75% buyout
price. If it is true that insurance is not deducted, a lot more people in
the mitigation zone will sell out and it truly can be the green space
envisioned by the Duany plan. 

CK