Minot Buyout Process Nearly Ready - KXNet - Bismarck/Minot/Williston/Dickinson

Minot Buyout Process Nearly Ready

Flooded out homeowners in Minot still waiting for buyout checks will have to continue to wait -- but city officials say the process is getting closer to completion.

City of Minot Finance Director Cindy Hemphill says that if all goes according to plan, some of the 80 or so homeowners who have agreed on a buyout price should be closing their deals within two weeks or less.

Most of the paperwork appears to finally be complete -- and all that is left is to get final approval and then proceed with the closing.

(Cindy Hemphill - City of Minot Finance Director) "The 21st is the day we are hoping to get our release of funds so that we can start actually closing. We are working closely with the closing company to get that work done in a timely manner so we don't have any holdups there and get all the pieces together."

The City of Minot is purchasing homes close to the Mouse River that would be needed to build future flood protection.

Funds for that nearly one-billion dollar project that would include protection both in and out of Minot has not been secured yet however.