Due to the recent flood waters the Guadalupe Environmental Health Department (GBRA) has closed the lakes until they can make a clear assessment of the potential hazards underneath the surface of the water. I went to a meeting yesterday at GBRA’s main office in Seguin. The main point of the meeting was to come up with a plan to mark the hazards in the lake so the lakes could be re-opened (hopefully well before the August 1st estimate). This Saturday Lake Dunlap, Lake McQueeney, Lake Placid, & Meadow Lake will be lowered 2-4 feet. At this time volunteers and GBRA representatives will mark (with buoys & GPS locations) and photograph the hazards that are to be removed. I am volunteering to help out on Meadow Lake and Lake Placid. I want to do any and everything in my power to get these lakes re-opened ASAP. I want to thank Jeff S, a friend & previous client of mine, for the use of his John boat.
I have a few waterfront real estate transactions that are scheduled to close in the next few weeks that might be held up. Read the information below from Derrick Bacon with Farmers insurance:
I just wanted to let you know that Congress failed to pass legislation again and as of right now the National Flood Insurance Program (NFIP) can not issue new policies. They are not expected to vote until the 7th and hopefully they will extend the program at that point. Until them we can generate quotes and accept payment, but no policies will be issued or bound until after the extension is approved. I just wanted to make you aware of this because I know you are set to close on the 9th. Talk to you soon. The following is taken from the NFIP site:
| NFIP Reauthorization — June 1, 2010 Update |
| Congress failed to pass legislation required to extend the National Flood Insurance Program (NFIP) prior to midnight, May 31, 2010. At this time, the NFIP does not have statutory authority which will generally constrain issuance of new policies, renewal offers, and increased coverage limits on existing policies. While online submission of payment via credit card is disabled effective June 1, 2010, all other processing functionality remains accessible. You can still manage your policies & perform most functions online.
The Senate is not expected to vote on this matter until at least June 7, 2010. During the lapse your flood business will be serviced in accordance to the guidelines set by FEMA. The attached document will provide you with additional details regarding the lapse of NFIP authority. Information will be updated as it’s received. |
Derrick B. Bacon, LUTCF
Insurance and Financial Services Agent
9862 Lorene Ste. 104
San Antonio, TX 78216
Office 210-495-1300
Fax 210-298-3130
dbacon@farmersagent.com
www.farmersagent.com/dbacon
“Helping People Understand the Difference
Between Having Insurance, and Being Insured.”