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Superintendent says FEMA will reimburse roughly $770,000; district pursuing $7M+ project and facility options
Summary
Superintendent Dr. Larry Schnabel updated the board on FEMA obligations and insurance interactions from last August's incident, announced ongoing discussions with bond counsel and fiscal advisors about a potential facility purchase or lease, and introduced the district's incoming student board member.
Superintendent Dr. Larry Schnabel told the board that FEMA has obligated funds for Category B work related to last August's incident and that the district's insurance offset will reduce the federal payment. He said the district's insurance premium was roughly $1,050,000, FEMA will cover 75% of eligible costs after insurance deduction, and the district expects to receive payment just over…
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