Should Hatboro Residents Foot Costs for Woodwinds Buyouts?
The Hatboro Borough Council is discussing who should cover the local 3 percent match should 12 Woodwinds condominiums receive buyouts from the federal government.
Hatboro elected officials are wrestling with how to cover roughly $80,000 in local costs in the event the federal government approves buyouts of a dozen flood-damaged units at the Woodwinds complex. The council led the charge to request that the Federal Emergency Management Agency buy out the flood-ravaged homes, demolish them and return the property to its natural state, but Council President John Zygmont said during a capital budget meeting Monday that elected officials have yet to discuss who would cover the required 3 percent match of the approximate $2 million project. Zygmont suggested that since any federal monies would be paid in a lump sum to Hatboro that the borough use the estimated $160,000 per homeowner to leverage the …
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