Thursday, December 5, 2013 - 9:30am
Bowers Beach officials eye federal loan
Officials in Bowers Beach are holding a public hearing to discuss a proposed federal loan of $64,000 for drainage improvements and flood mitigation.
Thursday evening's hearing will allow the public to comment on town plans to accept a Department of Agriculture Rural Utilities Service loan, repayable over 40 years. The same agency has awarded the town a grant of up to $495,000 for drainage improvements, and state officials have chipped in grants up to $100,000.
Federal officials last month placed the town on probation with the National Flood Insurance Program because of deficiencies in its floodplain management program. Officials said insurance coverage would remain available during the probation, but that a $50 surcharge would be added to each new or renewed policy premium for at least the next year.
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