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Select Board authorizes $180,000 payment for Narrow Gauge Pathway while FEMA reimbursement is pending
Summary
The Carrabassett Valley Select Board approved a $180,000 payment to Jordan Excavation to cover 2024 storm repairs to the Narrow Gauge Pathway, citing a town fund balance of $833,525 and pending FEMA/MEMA reimbursements; the vote passed unanimously.
The Carrabassett Valley Select Board voted unanimously May 12 to authorize Town Manager Garrett Corbin to pay Jordan Excavation $180,000 by May 15 to complete payments for storm repairs to the Narrow Gauge Pathway.
The Board had previously approved payment of $440,000 for work performed in 2024. Corbin told the board that while FEMA and MEMA reimbursements are moving, the town did not have an exact timeline for when the funds would arrive. He reported the town’s fund balance was $833,525 as of May 9 and said the Board could consider a tax anticipation note if federal funds did not arrive in time.
Jay Reynolds made the motion to authorize the payment; Karen Campbell seconded, and the motion passed unanimously. Board discussion recorded no recorded dissent.
The decision allows the contractor to be paid while the town continues to pursue federal disaster reimbursements through MEMA and FEMA. Corbin read an update from MEMA noting movement on federal funding but no precise schedule for payments.
Next steps: Corbin will process the payment as authorized; the town will continue to track MEMA/FEMA progress and consider short-term financing options if reimbursements are delayed.
