Town of Union Buyouts, Finish Line in Sight
7/31/2013 (Updated 7:04:57 PM)Residents of the Town of Union waiting for buyouts from the 2011 flood are one step closer to that wait being over.
Town Supervisor Rose Sotak announced Wednesday a $10.1 million buyout agreement offering to cover 20% of the non-local share of the cost of the property.
This means residents will receive 100% of their assessed value. The deal will cover over 100 properties.
"People need to move on with their lives, that are in the buyout program," Sotak said. "My Town of Union do not need to keep driving by and being reminded. We need to move on into the future. We need to get these homes down. We need to start correcting these measures so that we are not flooding, and we have to start rebuilding in these areas to get our tax base back."
The agreement still needs signatures from Sotak and three state officials.
Also new stipulations in the contract need to be addressed such as one that includes proof of low to moderate income.
Sotak put no timetable on when the buyouts could come through, but said "soon."
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