How will I know if my property is impacted by the new Elm Creek flood study?

The Floodplain Map (below) identifies the affected properties. Also, the City has sent letters to affected property owners with Floodplain information.

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1. What is a LOMR?
2. How will I know if my property is impacted by the new Elm Creek flood study?
3. When will affected residents be able to drop their flood insurance?
4. Will there be reimbursement for flood insurance?