Stone Harbor has been given a class 5 designation from the Community Rating System, which scores communities on their effective flood mitigation practices.
Mayor Suzanne Walters said in a press release that the borough has moved up from Class 7 to Class 5.
The Class 5 designation will result in a 25 percent discount on flood insurance premiums for all property owners in the resort.
“We are absolutely thrilled with this outstanding rating,” Walters said. “The Borough’s diligent hard work on flood mitigation practices has been recognized and certified which will translate into hundreds of thousands of dollars in savings on flood insurance premiums for property owners in our community.”
Walters called the new rating “a complete team effort by our administration and department heads.”
Stone Harbor received verification of the higher Community Rating System score in a letter from the Federal Emergency Management Agency/Federal Insurance and Mitigation Administration.
The borough has taken several steps before and after Hurricane Sandy to improve its rating including improving building elevations to reflect new flood maps requirements, launching a multimillion dollar beach and dune restoration program, and improving its emergency notification program with a new emergency alert website, www.stoneharboremergency.com.
Walters said the borough’s safety is a priority and discounts are a direct result of that focus.