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Amityville borrows $800G ahead of FEMA funding for Sandy cleanup
Amityville trustees on Monday night voted to borrow $800,000 in anticipation of FEMA reimbursement for superstorm Sandy-related cleanup expenses.
Mayor Peter Imbert said Tuesday that the notes would be short-term and that interest rates had not yet been set.
He told a resident at Monday night’s meeting that the move was unrelated to the $1.45 million in bond- and tax-anticipation notes due in late May.
Trustees also passed a law permitting residents to raise their houses as much as 3 feet above the flood line, even if it means exceeding building height restrictions.
The law would apply only to the primary structure on a piece of property and would sunset in 2015.
Resident Stephanie Andrews criticized the sunset provision, saying it could drive away potential homebuyers and put at a disadvantage current homeowners without funds to make repairs in the next two years.
Trustees said they would re-evaluate the law then.