Friday, August 15, 2008

County pursuing flood grants

Janesville Gazette

...“Substantial damage” means repairs would cost more than 50 percent of the house’s assessed value.

To get the grant, the county must commit to matching 12.5 percent of the cost of acquisition and demolition. The state would commit another 12.5 percent, and the remaining 75 percent would be the federal money.

That’s where the second grant comes in. The county will apply to the state for the Community Development Block Grant to cover the county’s 12.5 percent share.

...The county has asked the five towns to cover the 12.5 percent local match required to buy and raze vacation homes. So far, the towns of Milton, Fulton and Janesville have said, “No.”

The town of Rock agreed to the plan. The town of Beloit will vote Monday.