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(A) The Board of Zoning :Appeals may grant variances to the <br />provisions of the F Flood Plain, F -1 Floodway, or F -2 <br />Floodway Fringe District only upon the written approval <br />of the Natural Resources Commission. <br />(B) Variances may be granted only in cases where the following <br />conditions are met: <br />If a new structure is to be erected on a lot of one -half <br />are or less in size, contiguous to and surrounded by lots <br />with existing structures constructed below the flood <br />protection grade; or <br />If a structure listed on the National Register of Historic <br />Places or a State Inventory of Historic Places or a <br />structure designated by the local legislative body as an <br />historic landmark is to be restored or reconstructed. <br />(C) In all instances, variances may be granted only upon: <br />A showing of qood and sufficient cause; <br />A determination that failure to grant the variance would <br />result in exceptional hardship to the applicant; <br />A determination that issuance of such variance will not <br />result in increased flood heights, additional threats to <br />public safety, extraordinary public expense, create nuisances <br />cause fraud on or victimization of the public or conflict <br />with existing local laws and ordinances; and <br />A determination that the variance is the minimum necessary, <br />considering the flood hazard, to afford relief. <br />(D) In cases where a variance is granted, a notice shall be placed <br />on the deed to the property stating that the proposed construc- <br />tion will be located in a flood -prone area. Said notice must <br />contain a statement of the number of feet that the lowest non - <br />floodproofed floor of the proposed structure will be below the <br />level of•the 100 -year flood and that actuarial flood insurance <br />rates increase as the first floor elevation decreases. <br />In addition, the Board of Zoning Appeals shall notify the <br />applicant for said variance in writing that the issuance of <br />a variance to construct a structure below the base flood <br />elevation will result in increased flood insurance premium <br />rates and that such construction below the base flood elevation <br />increases risks to life and property. <br />(E) The Board of Zoninc <br />variance actions <br />Appeals shall maintain a record of all <br />ncluding justification for their issuance <br />and shall include such information in the annual report <br />submitted to the Federal Insurance Administration. A copy of <br />said report shall also be sent to the Natural Resources Commission. <br />- 4 - <br />