UA-8412995-1 The Southport Globe: $5.15M in repair funds for Sandy damage backed by Financiers

Wednesday, January 16, 2013

$5.15M in repair funds for Sandy damage backed by Financiers

Much like the U.S. House of Representatives had done earlier in the day, the Board of Finance on Tuesday authorized $5.15 million in bonding to repair public properties damaged by Superstorm Sandy.
Unlike the U.S. House, however, the finance board vote, after about three hours of discussion, was unanimous. The bonding package still must be approved by the Representative Town Meeting.
The town expects to get about 75 percent of the costs reimbursed by the Federal Emergency Management Agency. The work includes projects that range from repairing and elevating Penfield Pavilion to fixing the bathroom at Ye Yacht Yard.
Public Works Superintendent Scott Bartlett, however, cautioned that the full cost of certain projects may not be fully reimbursable.
For example, he said that not all of the sand that is now clogging the channel at Southport Harbor was deposited there by Sandy, so FEMA may only agree to reimburse a portion of the cost of re-establishing the channel, estimated to cost about $400,000.
"It's been my experience that FEMA is here to help, and they want to give us everything we're entitled to," Bartlett said. "I'm not telling them all the sand in Southport is from Sandy ... They'll do 75 percent of the Sandy impact." READ MORE: http://www.fairfieldcitizenonline.com/news/article/5-15M-in-repair-funds-for-Sandy-damage-backed-by-4198178.php

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