Final Stages of the Buyout Properties
As the final stages of the property acquisition buyout program begin, the lots will be busy with inspections, clean-ups, and structure tear-downs. The following timeline lists important dates regarding upcoming activity on the acquired parcels:
January 16 - Town-approved crews began salvaging on acquired sites
January 21 - Demo pre-bid meeting and walk around sites
January 25 - Rescue Training on approved sites acquired by Town
Note: first responders will be using smoke simulation within structures for the rescue training.
January 25-30 - Final week of salvaging on approved sites
February 8 - Demolitions and debris removal
February 22 - Grading and seeding
The Buyout Program
Following the flood, FEMA and HUD offered to purchase properties (at pre-flood values) from property owners located in the floodplain, whose homes had been damaged by the flood. In turn, the acquired parcels would be cleared of structures and maintained as Town-owned open space in perpetuity.
To date, 16 properties have been acquired, and the Town anticipates to close on eleven more by mid-February.