Minot approves flood-related home buyout program
Monday, January 23rd, 2012 Catastrophe PropertyThe Minot City Council has approved a plan that could result in the acquisition of more than 270 properties for future flood protection measures. The voluntary program calls for negotiations to begin with willing landowners, with a goal of acquiring at least 272 homes. City Finance Director Cindy Hemphill is suggesting a citywide special assessment to pay the city’s share of the cost, which could be as much as $10.7 million. State funds also will be used.
External References & Further Reading
http://www.therepublic.com/view/story/73b8a8cd5a494e42ac994af187dab860/ND--Minot-Flood-Recovery/
