Town proposes $700K buyout for flood-prone Blue Street homes

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The Lincoln Budget Board meeting held on March 26, 2025, focused on several key financial decisions and project updates impacting the community. The meeting began with discussions regarding a proposed project that would cost a total of $16,600. The board considered two options for funding: having the tenant manage the project or providing a grant to the Lincoln Luling organization. The latter option would allow the town to avoid the complexities of obtaining multiple bids and adhering to prevailing wage laws, potentially saving 25 to 30% on costs.

The board also reviewed previous projects, noting that a similar initiative last year for Albion had a budget of $21,000. The current project involves maintaining a skinned infield with grass in the middle of the diamond, while ensuring that the area between the dugouts and baselines remains functional.

Following this, the discussion shifted to the Blue Street buyouts, where three homes consistently affected by flooding are set to be purchased by the town. The total cost for this buyout is projected at $2,800,000, with the town responsible for $700,000, which represents 25% of the total cost. The remaining 75% will be funded through a grant.

The meeting concluded with a clear outline of the financial commitments and the next steps for both the project and the buyouts, emphasizing the town's proactive approach to addressing flooding issues and community infrastructure needs.

Converted from Lincoln Budget Board - March 26, 2025 meeting on March 26, 2025
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