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<br /> <br />RECEIVED <br />MAY 2 7 2005 <br /> <br />CASS COUNTY COMMISSION <br /> <br />lAKE AGASCll REGIONAl DEVElG'MENT CORF'aAIDN <br />417 Main Avenue. Fargo, NO 58103 <br /> <br />May 26, 2005 <br /> <br />Cass County Commission <br />211 9th St. South <br />Fargo ND <br /> <br />Dear Commissioners <br /> <br />After eight plus years since the 97 flood, FEMA is going through the process of closing <br />the Cass County Flood Buyout Project. The project ended with a surplus of funds that <br />must be returned to the federal government. I have attached a form that shows the <br />balances. The county can retain the $15,538 of administration dollars and $13,067 of <br />Program Income. The commission should authorize the return of the unused amounts of <br />grant award ($86,130) and program income ($74,046) to FEMA. <br />I will be at the commission meeting to answer any questions. <br /> <br />Thank you <br /> <br />~ ).J...J--- D <br /> <br />Irvin Rustad <br />Executive Director <br />Lake Agassiz Regional Development Corp. <br /> <br />~ <br /> <br />SUGGESTED MOTION: <br />Move to authorize return of the unused 1997 flood buy-out grant award in the amount of <br />$86,130 and program income of $74,046 to FEMA (Federal Emergency Management <br />Agency). <br /> <br />www.lakeagassiz.com <br /> <br />Telephone: (701) 235-1197 . Fax (701) 235-6706 <br />lake Agassiz Development Group <br />. Local/Regional Planning & Development. Business Loan Programs. Business Incubator. Small Business Assistance. Housing Development <br />