1. 2011 Flood Quick Buy Program Storm Water Services September 7, 2011
Mecklenburg County
2011 Flood Quick Buy Program
Storm Water Services
September 7, 2011

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

3. 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

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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

11. Locations of Eligible Properties

12. Qualifying Criteria Example