Clive plans purchase of 10 flood-prone properties for more than $1.6 million
BPC Staff Jul 2, 2019 | 3:51 pm
1 min read time128 wordsAll Latest News, Energy & Environment, Law & Government
The City of Clive is in the process of purchasing 10 properties prone to flooding from North Walnut Creek and Walnut Creek for more than $1.6 million, city officials announced Monday. An additional $383,000 in federal and state Hazard Mitigation Grant funds have bumped up the initial $1.25 million set aside in Clive’s 2018 Flood Prone Property Buyout Program, allowing the city to pay owners 110% of the 2018 Polk County Assessor’s total value of their properties. Based on research from FEMA and the U.S. Army Corps of Engineers, Clive estimates the financial benefit of mitigating flood risk on the 10 properties is more than $5 million in avoided property damages and associated costs. The city plans to have all properties demolished by the end of 2019.