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Council OKs shared-services agreement with Wayne for four buyout properties after assurances of FEMA funding
Summary
Pompton Lakes approved a shared-services agreement with the Township of Wayne to acquire four Blue Acres/FMA properties, following staff assurances that FEMA funding is committed and that homeowners have agreed to sales; the borough will reimburse Wayne if federal reimbursement fails.
Pompton Lakes Borough Council voted to authorize a shared-services agreement with the Township of Wayne for the acquisition of four flood-prone homes under the FMA/Blue Acres program, a measure council members approved following questions about who would carry financial risk if state or federal reimbursements did not arrive.
The agreement (agenda item 25-1-41) directs Pompton Lakes to reimburse Wayne for costs Wayne advances to complete the buyouts, and then seek recoupment directly from the New Jersey Office of Emergency Management or FEMA if reimbursement is delayed or withheld. Borough Administrator Michael Coley told council members he had spoken with Wayne’s administrator and was satisfied the township has “a full commitment from FEMA” for the funding.
Council members pressed for clarity on the…
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