Flood Costs Add Up

Flood costs are adding up for one community battling the rising flood waters.

The Cassgram reports that for the City of Plattsmouth the costs incurred in June were tabulated and presented to the mayor and Plattsmouth city council last night.
Equipment purchases and rentals over $10,700
Sand bags and supplies about $11,500
General supplies about $2,100
Fuel and gas $5,250
Volunteer costs (food, drink, etc.) $1,900
Overtime $11,000

The June total comes to almost $43,000.

The extra expenses will continue to mount for several months.

The city council adopted a resolution that relates to flood-related costs and paying for them.

According to correspondence from John Trecek, Vice President of Ameritas Investment Corp., the resolution does not require the city to issue any bonds now but does preserve the city’s flexibility to make preliminary payments from funds on hand, and then reimburse itself from bond proceeds if tax-exempt bonds should be issued in the future.

City workers and volunteers, and now National Guardsmen, are working to protect the city’s water treatment plant, well field houses and sewage treatment plant (now in bypass mode because of a main feed collapse). But the possibility of plant failure exists.

City Administrator Erv Portis gave a slide presentation of the flooding obstacles the city faces and said that while everyone hopes the plants are not damaged, it was necessary to present the mayor and council with information to begin planning for the “worst case scenarios.” The city is also responsible for East Main Street road and has other interests in the flood zone.

Preliminary estimates for failure of both plants and other reconstruction total about $5 million, said Portis.

In order to also take into account unforeseen costs, the city filled in a debt amount of $10 million in the bond resolution.

City leaders stressed the bonds will only be issued if needed and can be issued in any amount less than $10 million.

Reimbursement from federal and state sources for flood damage costs is anticipated but in the short term bills will have to be paid.

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