13 - RESOLUTION ADOPTING THE 2017 LAMAR COUNTY MITIGATION PLAN

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Lamar County Multi- Jurisdictional Hazard Mitigation Plan APPENDIX B DEFINITIONS 100 -year flood — is a flood that has a 1- percent chance of being equaled or exceeded in any given year. This flood event is also referred to as the base flood. The term "100 -year flood" can be misleading; it is not the flood that will occur once every 100 years. Rather, it is the flood elevation that has a 1- percent chance of being equaled or exceeded each year. Therefore, the 100 -year flood could occur more than once in a relatively short period of time. The 100 -year flood, which is the standard used by most federal and state agencies, is used by the National Flood Insurance Program (NFIP) as the standard for floodplain management to determine the need for flood insurance. 500 -year flood — is a flood that has a 0.2- percent chance of being equaled or exceeded in any one year. Acquisition — is the acquiring of properties in high hazard areas. At -Risk — Exposure values that include the entire building inventory value in census blocks that lie within or border the inundation areas or any area potentially exposed to a hazard based on location. Base Flood — Flood that has a 1- percent probability of being equaled or exceeded in any given year. It is also known as the 100 -year flood. Base Flood Elevation (BFE) — Elevation of the base flood in relation to a specified datum, such as the National Geodetic Vertical Datum of 1929. The BFE is used as the standard for the National Flood Insurance Program. Benefit -cost analysis (BCA) — Benefit -cost analysis is a systematic, quantitative method of comparing the projected benefits to projected costs of a project or policy. It is used as a measure of cost effectiveness. Building Codes — Regulations that set forth standards and requirements for construction, maintenance, operation, occupancy, use, or appearance of buildings, premises, and dwelling units. Capability Assessment — An assessment that provides a description and analysis of a community or state's current capacity to address the threats associated with hazards. The capability assessment attempts to identify and evaluate existing policies, regulations, programs, and practices that positively or negatively affect the community or state's vulnerability to hazards or specific threats. Climate — is the meteorological elements, including temperature, precipitation, and wind, that characterize the general condition of the atmosphere over a period of time (typically 30- years) for a particular region. Community Rating System (CRS) — CRS is a program that provides incentives for National Flood Insurance Program communities to complete activities that reduce flood hazard risk. When the community completes specific activities, the insurance premiums of these policyholders in communities are reduced. Critical Facility — Facilities that are critical to the health and welfare of the population and that are especially important following a hazard. Critical facilities include essential facilities, transportation systems, lifeline utility systems, high - potential loss facilities, and hazardous material facilities. Digital Flood Insurance Rate Maps (DFIRMs) — These maps are used to calculate the cost insurance premiums, establish flood risk zones and base flood elevations to mitigate against potential future flood damages to properties. Displacement Time — After a hazard occurs, the average time (in days) that a building's occupants must operate from a temporary location while repairs are made to the original building due to damages resulting from the hazard. Fault — is a fracture in a rock formation caused by the shifting of the earth's crust. 100 -year flood — is a flood that has a 1- percent chance of being equaled or exceeded in any given year. This flood event is also referred to as the base flood. The term "100 -year flood" can be misleading; it is not the flood that will occur once every 100 years. Rather, it is the flood elevation that has a 1- percent chance of being equaled or exceeded each year. Therefore, the 100 -year flood could occur more than once in a relatively short period of time. The 100 -year flood, which is the standard used by most federal and state agencies, is used by the National Flood Insurance Program (NFIP) as the standard for floodplain management to determine the need for flood insurance. 500 -year flood — is a flood that has a 0.2- percent chance of being equaled or exceeded in any one year. Acquisition — is the acquiring of properties in high hazard areas. At -Risk — Exposure values that include the entire building inventory value in census blocks that he within or border the inundation areas or any area potentially exposed to a hazard based on location. Base Flood — Flood that has a 1- percent probability of being equaled or exceeded in any given year. It is also known as the 100 -year flood. Base Flood Elevation (BFE) — Elevation of the base flood in relation to a specified datum, such as the National Geodetic Vertical Datum of 1929. The BFE is used as the standard for the National Flood Insurance Program. Benefit -cost analysis (BCA) — Benefit -cost analysis is a systematic, quantitative method of comparing the projected benefits to projected costs of a project or policy. It is used as a measure of cost effectiveness. Building Codes — Regulations that set forth standards and requirements for construction, maintenance, operation, occupancy, use, or appearance of buildings, premises, and dwelling units. Capability Assessment — An assessment that provides a description and analysis of a community or state's current capacity to address the threats associated with hazards. The capability assessment attempts to identify and evaluate 202