![]() ![]() Submit the Multi-Family Addition/Alteration Application Form and an Acknowledgment of Naples Regulations Form with the following supporting documents: Form is available under Permit Forms and Fees, form # 22ģ. Submit the city FEMA form to determine repair costs. ![]() Assessed value on the flood insurance policy (accepted during emergency onlyĢ.State of Florida licensed property appraiser to submit an appraisal for the Depreciated Replacement Cost (Actual Cash Value) of the structure.Market Value of the Building: Market Value for Multi-Family Buildings is determined by one of the following: This reallocation will create conditions/restrictions related to future permitting of any undamaged units for a period of 12-months from the date of permit issuance for the damaged units. In some cases, funds may not be sufficient for the repairs of the damaged units requiring a reallocation of fund from other floors where units were undamaged. Submit Market Value documentation – Based on the market value, the HOA must provide a spread sheet that indicates the division of funds for each damaged unit and any common area elements requiring restoration to pre-storm condition.Multi-Family buildings not conforming to current Flood Zones must include the following documents upon permit submittal. MULTI-FAMILY HURRICANE IAN REPAIRS (Click here for PDF) If you have any questions or concerns, please feel free contact any member of Henderson Franklin’s Real Estate attorneys at 23.City of Naples Due to the damage associated with Hurricane Ian, Naples City is temporarily altering routine construction permitting and inspections for repairs to damaged structures. Property owners would be wise to consider hiring an attorney to protect their interests before signing on the dotted line. On the other hand, if your building elevation is below the recommended level, it’s a risk aversion question for you: Do you think the risk of flooding and the damage associated with that flooding is worth the insurance premium? If you had a lender, you would have known you were in a flood zone, and the lender would have required you to obtain insurance to protect their collateral. If your elevation is high enough, FEMA might not recommend flood insurance, but it still may be a good idea to purchase it. ![]() More specifically, I’d suggest getting an elevation certificate to see if your building elevation puts you at risk of flooding based on FEMA’s Flood Insurance Rate Maps.
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