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Libby council approves pursuit of USDA emergency flood-recovery funding option
Summary
The Libby City Council voted to authorize staff to pursue an emergency flood recovery funding alternative involving USDA assistance, while discussing use of restricted reserves, potential borrowing and coordination with FEMA and Montana DES. Council approved keeping the USDA avenue open to meet a May allocation deadline.
At a special meeting, the Libby City Council voted to approve a request authorizing staff to pursue an emergency flood-recovery funding alternative with the U.S. Department of Agriculture.
Sam Sykes, a city staff member who led the briefing, told council members that USDA officials have shifted terms during recent conversations, at one point saying “they want us to spend half before they even come in” and still expect the city to borrow money for part of the project. Sykes said the city is weighing whether to draw on some restricted reserves—particularly water-related funds from an IP settlement—while also pursuing state and federal reimbursements.
The briefing…
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