Waterloo City Council approves more buyouts - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waterloo City Council approves more buyouts

WATERLOO (KWWL) -- City council members unanimously approved eight more flood buyouts at their regular city council meeting Tuesday night.

All the properties are located on the Sans Souci Island.  In all, twenty homes are eligible for buyouts.  The city has now come to agreements with fifteen of the homeowners.  City Planner Aric Schroeder believes they'll reach an agreement with all others eventually.

Schroeder said it will take about a month to close on the properties.  Then the city will work with historic preservation experts to get demolition approval.  He does not expect to begin tearing down homes until late Summer 2010.

 Online Reporter Colleen O'Shaughnessy

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