Nov 20, 2012 4:46 PM
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The East Hampton Town Board authorized $2.25 million in bonds last week to cover the cost of funding repairs to town property in the wake of Hurricane Sandy.
The Town Board unanimously authorized the borrowing when it met on Thursday—one for $750,000 to reconstruct and improve various town facilities and buildings damaged by the storm, and one for $1.5 million to reconstruct roads damaged by the hurricane.
Town Budget Officer Len Bernard said the goal is to get the expenditures reimbursed by the Federal Emergency Management Agency sometime next year. In the past, the agency has reimbursed the town between 75 and 90 percent for storm damage costs.
“The pie is limited,” Mr. Bernard said. “It’s just a matter of how many pieces of that pie have to be cut up. I don’t... more
The Town Board unanimously authorized the borrowing when it met on Thursday—one for $750,000 to reconstruct and improve various town facilities and buildings damaged by the storm, and one for $1.5 million to reconstruct roads damaged by the hurricane.
Town Budget Officer Len Bernard said the goal is to get the expenditures reimbursed by the Federal Emergency Management Agency sometime next year. In the past, the agency has reimbursed the town between 75 and 90 percent for storm damage costs.
“The pie is limited,” Mr. Bernard said. “It’s just a matter of how many pieces of that pie have to be cut up. I don’t... more
Gov. Cuomo stated clearly we need to rethink how we deal with shoreline given that we have had two 100 year storms in the past two years.