OCEAN CITY — Many resort oceanfront property owners could be getting a kick-back on exorbitant flood insurance premiums after a federal agency agreed there were flaws in the mapping of Ocean City’s most vulnerable areas.
Ocean City officials learned last week FEMA had agreed to adjust the maps after reviewing the Letter of Map Revision (LOMR), which essentially moved many beachfront properties, particularly along the north end of Ocean City, from the VE zone, or the highest flood zone designation.
“Yes, it was very good news,” said City Engineer Terry McGean, who led the effort to correct the maps along with the Mayor and Council and the resort’s state and federal delegations. “The LOMR moves the VE flood zone boundary to coincide with the beach replenishment project line and, therefore, removes all properties in the condo row area between 93rd Street and 123rd Street from the high-hazard VE zone and the associated high flood insurance premiums.”
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