Minot Getting Buyout Funds From County

Screen Shot 2017-09-19 at 4.04.53 PM_1505855259506.jpg

The effort to buy up Minot homes in the path of the flood control project got a financial boost today.

The Ward County Board voted to transfer just over five million dollars it received from the state, to the city of Minot for property buyouts.
Ward County withheld some of its buyout funds to cover the remaining few properties it expects to acquire for flood control.
City Finance Director Dave Lakefield told county commissioners the city asked the State Water Commission for the money needed for the next round of buyouts, but it was not granted.

(Dave Lakefield, Minot City Finance Director) “The state is a little bit reserved because funding isn’t coming in as quickly as they anticipated. So they are hesitant in releasing additional funds for acquisitions. They have directed us back to try to free up or utilize the existing money that is there.”

County commissioners said it makes sense to support Minot’s buyout efforts since rural property acquisitions are nearly finished, and there is still a 5-point-3 million dollar balance in the county’s buyout fund.
 

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