On November 8, 2022, Lee County held a public hearing to adopt an ordinance amending LDC Chapter 6, Building Regulations, which included changing the cumulative period for repetitive loss properties from five years to one year for purposes of the 50 percent rule calculation.
Other calculations for the 50% Rule and changes to guidelines were approved by the Lee County Board of Commissioner, including:
- Amending elevation requirements for manufactured homes in flood zones.
- Implementing a “permit-by-permit” valuation of the cost of repairs, instead of the previously required cumulative improvements made in the past five years. However, this does not apply to properties with “repetitive loss” over a 10-year period.
Additionally, the newest version of the FEMA flood insurance rate maps for Lee County takes effect on November 17, 2022.
The next public hearing for the county is on November 15, 2022.
Should you have any questions about the 50% rule amendments, please contact Woodward, Pires & Lombardo at (239) 649-6555 or www.wpl-legal.com.
Related Post: Home Remodeling In a Flood Zone After Hurricane Ian: The 50% Rule