Title
Joint resolution authorizing an emergency appropriation in the amount of $693,286 in the Stormwater Management Commission (SMC) budget (Fund 212) to be reimbursed by the Illinois Emergency Management Agency for the acquisition and demolition of two structures in Fox Lake.
Staff Summary
* FEMA/IEMA FMA 2014 Fox Lake Grant is provided by the Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance (FMA) program, through the Illinois Emergency Management Agency (IEMA), and provides funding for the purchase and demolition of two (2) repetitively flooded residential structures in Fox Lake.
* The grant amount is $693,286 which will cover 100 percent of the project costs.
* SMC will manage the grant project (acquisition and demolition of structures) and staff time expended for grant management will be reimbursed up to $34,714.
Body
RESOLUTION
WHEREAS, Lake County Stormwater Management Commission (SMC) is undertaking a voluntary floodprone property buyout project through the Federal Emergency Management Agency and Illinois Emergency Management Agency Flood Mitigation Assistance Program (FMA) to purchase and demolish two structures in Fox Lake which are subject to repetitive flooding; and
WHEREAS, the Stormwater Management Commission has entered into an agreement with the Illinois Emergency Management Agency (IEMA) to manage the entire grant project, through property appraisal to structure demolition and property restoration as perpetual open space; and
WHEREAS, the SMC has authorized staff time for grant management and technical services for implementing the FEMA/IEMA FMA 2014 Fox Lake Grant; and
WHEREAS, the Flood Mitigation Assistance Program rules fund these properties at 100% and do not require a cost share.
WHEREAS, the SMC has entered into an agreement with IEMA to receive $693,286 from the FEMA/IEMA FMA 2014 Fox Lake Grant and this amount is not included in the current year budget.
NOW, THEREFORE, BE IT RESOLV...
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