Sec. 3. As used in this chapter, "emergency" means a situation that:
(1) requires immediate action;
(2) is induced by weather or high lake levels; and
(3) either:
(A) creates the potential for imminent structural damage to private property in an area adjacent to Lake Michigan; or
(B) threatens or creates an imminent risk to the public health, welfare, or safety in areas adjacent to Lake Michigan.