Community Corner

Pike River Work Helps Mount Pleasant Residents Save Money

Work on the Pike River Pathway will allow homeowners to remove flood insurance from their policies.

Some 120 property owners who have been required to purchase flood insurance will soon save money on their policies.

According to Village Engineer Bill Sasse, work on phases one through three of the Pike River has removed homes from the 100-year flood plain. The village recently got confirmation from the Federal Emergency Management Agency (FEMA) that new maps are being drawn. The village submitted map change proposals in 2007.

"The maps include the changes that Mount Pleasant has submitted related to the Pike River as it has been constructed through Phase 3," Sasse said. "This pending removal from the floodplain has several important implications and is one of the primary goals of the Pike River Improvements Project."

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Homes located near the north end of the Pike River were historically part of a floodplain and required to get pricey flood insurance with their homeowners policy. Now, though, those same policy costs should go down when the requirement is removed.

Property owners can start working with their insurance carriers on May 2, 2012. By state statute, full adoption of the new maps can't take place until six months after FEMA's determination.

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"Of course we're very happy for our residents about this," said Trustee Sonny Havn. "This was part of what we've been working for with the Pike River project."


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