R98-057RESOLUTION NO. R98-,~'
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, URGING THE
FLORIDA LEGISLATURE TO PASS AND ENACT
SENATE BILL 1478 AND HOUSE OF
REPRESENTATIVES BILL 3827, OTHERWISE KNOWN
AS THE HOMEOWNERS PROTECTION ACT; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, in August 1992, Hurricane Andrew descended upon South
Florida and became the costliest catastrophe in the history of the United States,
causing $30 billion in property damages, including $16 billion of insured losses; and
WHEREAS, an estimated 80,000 single-family homes, mobile homes and
apartments and condominium units were severely damaged or destroyed, and that
at, least 180,000 people were left homeless; and
WHEREAS, many residents subsequently lost the private-market insurance
coverage they need to fully protect their homes and personal belongings in the
event of another storm; and
WHEREAS, six years later, many homeowners throughout Florida still do not
have access to affordable, private insurance coverage, despite the numerous
measures enacted by the State of Florida since Hurricane Andrew to aid in reducing
the industry's exposure to bankrupting losses, including the creation of the Florida
Hurricane Catastrophe Fund; .and
WHEREAS, the continuing lack of competition in the insurance marketplace
in certain parts of the state is wreaking havoc on many of South Florida's
communities; and
WHEREAS, the insurance industry continues to use the Hurricane Andrew
catastrophe to push for higher and higher premiums; and
WHEREAS, the Homeowners Protection Act, SB 1478 and HB 3827, is
proposed in the Florida Legislature to asSist homeowners and Florida residents in
obtaining insurance at reasonable premium rates; and
WHEREAS, the City Commission of the City of Boynton Beach believes
passage of SB 1478 and HB 3827 by the Florida Legislature will greatly benefit
residents of the city and the state.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida
does hereby encourage the Florida Legislature to pass and enact Senate Bill 1478
and House .Bill 3827, otherwise known as the Homeowners' Protection Act
Section 2. The City Clerk is hereby directed to forward a copy of this
Resolution to each Florida State Senator and Representative for Palm Beach
County, and the Palm Beach County Legislative Delegation, the Board of County
Commissioners of Palm Beach County; and Governor Lawton Chiles.
Section3. This Resolution will become effective immediately upon
passage.
PASSED AND ADOPTED this ~' day of April, 1998.
ATTEST:
CITY OF BOYNTON BEACH, FLORIDA
'ce Mayor,
Co~missioner
Cor~mi~sioner