HomeMy WebLinkAbout2005 10 10 Informational 302
COMMISSION AGENDA
ITEM 302
CONSENT
INFORMATIONAL X
PUBLIC HEARING
REGULAR
October 10,2005
Meeting
MGR P/!DEPT @ ,)! f
Authorization
REQUEST: The Fire and Finance Departments wish to update the City Commission on the status of
reimbursements submitted to the Federal Emergency Management Agency (FEMA) and
the State of Florida regarding the 2004 Hurricanes: Charley, Frances and Jeanne.
PURPOSE: The purpose of this Agenda item is to update the City Commission on the status of
reimbursements submitted to FEMA and the State.
CONSIDERATIONS: The following table summarizes the City's expenditures and reimbursements to date:
HURRICANE EXPENSE PROJECTIONS
11/08/04 4/11/05 10/1 0/05
Oril!inal Revision #1 Revision #2
(Worst Case (Worst Case (Worst Case
Scenario)** Scenario) Scenario)
Total Anticipated Expenses $8,162,500 $8,282,252 $8,402,055
Total Anticipated Reimbursement^^ $6,925,150 $6,913,365 $7,127,762
Total Anticipated City Share $1,237,350 $1,368,887 $1,274,293
^^ As of 10/05/05, the City has received $6,841,118 from FEMA and State reimbursements
leaving a balance of $286,644 to be reimbursed.
**Prior Worst Case Scenario has been adjusted to take out the Creek Restoration figures
as FEMA will not reimburse any of those amounts. The Creek Restoration costs of
$140,000 are now coming out of the Stormwater Fund, a portion of which will be
reimbursed by NRCS.
Informational Agenda Item 302
October 10, 2005
Page 2 of2
. The anticipated City share includes amounts deemed ineligible by FEMA.
. Currently, the City has filed appeals in the amount of $738,274 as follows:
Stump Grinding $ 10,500
Stump Removal $237,680
Private and/or Gated Communities $467,869
Bagged Debris $ 22,225
TOTAL $738.274
The City has not received word from the State regarding
the status of the appeals.
. On August 23, 2005, the City paid off the $5,000,000 line of credit mcurrmg
approximately $45,000 of interest for the project.
FUNDING: None at this time.
RECOMMENDATION: None at this time.
ATTACHMENTS: None
COMMISSION ACTION:
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