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Dare County adopts reserve policy for beach‑nourishment fund and authorizes Buckton/Avon baseline project
Summary
The Dare County Board approved a new reserve and allocation model for its beach‑nourishment fund and authorized a baseline Buckton/Avon nourishment contract (Buckton 1.35M cu yd; Avon 375k cu yd). The board reserved the right to expand volumes if FEMA funding is confirmed.
Dare County commissioners on April 7 voted unanimously to adopt a formal reserve policy for the county’s beach‑nourishment fund and to authorize the county manager to sign a contract for the Buckton‑Avon shoreline project at baseline volumes.
The new reserve standard sets aside 1.5 times annual occupancy‑tax revenue, with one‑third of that set as a floor to cover occupancy‑tax disruptions and the balance available for repairs, testing of hardened‑structure options or emergency response. Matt, the county finance director, told the board the model ties each town’s baseline allocation to a consistent levy and…
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