This one has been heavily debated for years.
https://www.wlky.com/article/m... I've been back and forth on my opinion but now glad its going forward. 

I've spoken with council members on and off the past few years but I haven't been able to get down there in over a year.

On Friday prior to the Oakland conference, we met with the main underwriter and legal council for a major syndication firm. 

This is great news for those properties that are in the high-risk flood zone, I would suggest that you do two thing flood mitigation (comes in many forms and sometimes you can get access to grants and loans to do the work) and transfer your risk through insurance, just make sure you are working with someone who is savvy in the emerging private flood market and NFIP you don't want to overpay if your agent writes the policy incorrectly and you don't want to buy a policy that an agent that doesn't specialize in flood insurance might sell which sounds good on price but really isn't coverage that will get you back to whole.Last note every community has a FLOODPLAIN MANAGER a government job, I would suggest if you are going to do any mitigation work get their thoughts and council, they can also offer resources and contractors or surveyors that can make sure your mitigation is doing what you want that is routing the water away from your structures.   

Realistically, I’d say your odds of the Portland city council or the State making a regulation that destroys the value of your property is more likely than an earthquake destroying your property, at least in the near term.

I've thought about reaching out to the mayor or city council, but I am afraid of backlash from the building inspector.

Curious why the "auditor" found many deficiencies when yet the city council members, including members of the dept of excise & licensing, are very confident in their current procedures. 

The county council also approved a contract for a company to take aerial photographs to use in the reassessment.

Bret skillfully navigated a touchy situation I was in, and I would seek his council again in a heartbeat.

Contact local reps and council that you do not want rent controls.