From the Loveland Reporter-Herald (Craig Young):
The city received its first FEMA reimbursements for flood losses this week — four checks totaling $1.66 million.
The checks came through the Colorado Office of Emergency Management, the state agency that is funneling Federal Emergency Management Agency payments to local governments.
Loveland suffered almost $24 million in infrastructure losses during the Sept. 12-13 flooding, and city finance director Brent Worthington said he expects FEMA to cover about $9 million of that.
Normally, FEMA pays 75 percent of eligible expenses, and local governments cover the rest. Last fall, Gov. John Hickenlooper pledged that the state would split that 25 percent remainder with city and county governments.
Worthington said the state’s share will be about $1.5 million, but Colorado won’t pay until each project is completed and the state does a complete review of the work.
“They’re doing advances of 50 percent of the FEMA share,” Worthington said. “They will hold back the remainder.”
The first checks from FEMA went to cover mostly water and sewer line repairs and replacements — $792,458 for emergency protective measures to save a 48-inch waterline in the first days of the flood, and $777,865 for water and sewer line repairs including replacement of the city’s “Meadow Pipeline,” according to a press release.