City Council: Looks to pass $4.2 million note to cover hurricane
UPDATE: The City Council passed the initiative to raise $4.2 million to cover costs related to Hurricane Sandy 8-0.
The approval was part of two resolutions with authorization in another for $3.5 million in expenditures. Both FEMA and the City’s insurance are part of this recovery process but it’s believed a one to two year timeline will be needed in recovering most of the expenditures related to costs in the storm.
Business Administrator Quentin Wiest said most of the FEMA related costs are reimbursed at 75%.
Hoboken Patch also covered the story and has a summary here. Meeting tape below:
Hoboken continues to push through the Hurricane Sandy aftermath with a post disaster oriented agenda including a proposal for $4.2 million in notes to cover the clean up effort.
Bad enough the Old Guard council members have repeatedly fought to the death to eliminate any City surplus. That’s correct, they’ve tried to set the City of Hoboken up for failure and tax increases for political gain.
Now the City Council gets to act in Hoboken’s interests. Let’s hope.
The Council agenda is at the link:
Meeting will be delayed at start with closed session.
Talking Ed Note: Hopefully, the City will not be placed into a bind with the Councilman-in-limbo Jim Doyle awaiting results from a Superior Court hearing next month.