Substantial Improvement Worksheet For Floodplain Construction printable pdf download

Substantial Improvement Worksheet For Floodplain Construction

SUBSTANTIAL IMPROVEMENT WORKSHEET FOR FLOODPLAIN CONSTRUCTION

For additions, rehabilitations, improvements, or damage repairs

Property Owner: ________________________________________________________

Address: ______________________________________________________________

Permit No. ____________ Tax Map _____ Block _______ Parcel ______Lot _______

Location: ______________________________________________________________

Description of Improvement: _______________________________________________

______________________________________________________________________

Present Market Value of structure ONLY (final phased in full assessed valuation or market

appraisal) BEFORE improvement, or if damaged, before the damage occurred:

$_________________

For Cost of Improvement, take the greater of:

1. Actual cost of the construction:

$_________________

2. Estimated building cost based on

__________ square feet of construction

from a building cost information service

at $______ / sq ft (source: ___________)

$_________________

Ratio = Cost of Improvement ($____________ ) X 100 =

Present Market Value ($____________ )

________________%

If 50% or greater (Substantial Improvement), entire structure (existing included) must be

elevated; if less than 50%, it may be exempted unless an addition. For additions: (1) if

substantial, but the existing structure is unaltered except for a doorway into the addition,

the existing structure need not be elevated, only the addition; (2) if less than substantial but

requires a State Waterway Construction Permit since it is in a nontidal floodplain, the

addition, regardless of size, must be elevated.

Note:

Any costs directly associated with correcting health, sanitary, and safety code

violations may be deducted from the Cost of Improvement. The violations must have been

officially cited prior to submission of the permit application.

Alterations to historic structures, provided the alterations will not preclude continued

designation as a "historic structure", may be exempted by variance.

Summary:

________ Substantial Improvement - Elevation of entire structure.

________ Exempt - Not Substantial Improvement.

________ Addition - Only addition must be elevated.

________ Other (attach explanation)

Determined by: ______________________________________ Date: _______________

Substantial Improvement Worksheet For Floodplain Construction