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Sanitary district to buy floodplain house at 904 North Penn to avoid costly levee upgrades
Summary
The board approved a purchase agreement for 904 North Penn, a condemned/distressed property in the floodplain, offering $15,000 (average broker price opinions $6,450) as part of a program to remove structures from the floodplain rather than spend $3M–$7M to restore the levee to Army Corps standards for about 20 homes.
The Board of Sanitary Commissioners approved a purchase agreement on June 25 for the property at 904 North Penn as part of the district’s effort to remove structures from the floodplain rather than undertake expensive levee upgrades.
District Administrator Rick Conrad said restoring the levee to Army Corps of…
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