Vermont officials announce help for municipalities with storm-related cash flow issues

first_imgState Treasurer Beth Pearce, legislative leadership, and the Shumlin administration today announced a package of measures that will accelerate highway aid and education payments and allow disaster-impacted towns to defer education payments due to the State on December 1.               ‘A key to Vermont’s successful recovery from the disasters that have struck is the ongoing partnership between State and municipal governments,’ said State Treasurer Beth Pearce. ‘The package we are announcing today recognizes that Vermont towns do not stand alone as they work to rebuild. We must continue to exercise flexibility in our financial planning to provide impacted communities with the help needed to fully recover.’ The financial package includes: ·         As was done in September, the Treasurer’s Office will accelerate local highway aid payments that were scheduled to go out to towns on January 15, 2012. The approximately $6.4 million will be disbursed to towns prior to Thanksgiving.·         The Treasurer’s Office also will accelerate education payments this week to local schools of approximately $125 million. These payments were due to be released on December 10.·         Towns significantly impacted by the spring flooding disasters and Tropical Storm Irene may defer for one-time-only a portion of education payments due to the State on December 1, up to the amount of unreimbursed claims. For impacted towns, payment would not be due until February 28, 2012, without any interest applied. If payments were not paid in full by the February deadline, 8 percent interest would be assessed for all outstanding balances, retroactive to December 1. Currently, State statute requires the Treasurer to assess 8 percent interest on any late payments. Legislative leadership is committed to passing the legislation necessary to allow the deferred payments.              ‘We’ve all been impressed with the progress towns have made in rebuilding their local communities and we also recognize the financial strain they are under,’ said Secretary of Administration Jeb Spaulding. ‘These measures, proposed by the State Treasurer, underscore the State’s commitment to do our very best to provide the assistance needed to enable all Vermont communities to recover from what has been an extraordinary year for storm related damage.’             In addition to Tropical Storm Irene, Vermont communities continue to rebuild from severe storms and flooding that hit the state in the spring.             ‘The legislature is committed to helping communities overcome the enormous challenges these storms have imposed on our state,’ explained Speaker Shap Smith. ‘The goal of this package is to ease the cash flow pressures and take away some of the worries so many municipalities are facing in the aftermath of disaster.’               ‘This one-time deferment recognizes that we all must do what we can to help impacted communities continue their recovery efforts,’ said Senate President Pro Tempore John Campbell. ‘These are unique circumstances that require action now to ensure we continue our remarkable rebuilding process.’             Municipalities will be required to prepare a cost estimate of storm-related damages and certify that they have, or are in the process of making, the repairs associated with the estimate in order to document the amount of education tax payment that will be deferred. The estimate can only include costs incurred or reasonably expected to be incurred, prior to February 28, 2012. If a town has received any payments from FEMA, the Federal Highway Administration, the Vermont League of Cities and Towns Property and Casualty Intermunicipal Fund insurance program, or private insurance, that amount must be deducted from the education tax deferred payment amount that is being requested. Such payments only apply if they are associated with a town’s original cost estimate for storm related damages.             ‘We appreciate the responsiveness of State and legislative leaders to the needs of our Vermont cities and towns,’ said Steven Jeffery, Executive Director of the Vermont League of Cities and Towns. ‘Vermont’s recovery effort is something we all have a stake in. I am pleased that we can work together on proposals that recognize our shared commitment to a full and complete rebuilding effort on the part of all our communities.’Vermont State Treasurer’s Office. 11.22.2011last_img read more

These insane dream homes will go under the hammer this Saturday

first_imgThe incredible home at 31 Brisbane St, Bulimba will go to auction at 10am on Saturday.The incredible renovated property at 31 Brisbane St, Bulimba will also go to auction. The shop and home at 2 Stephens St, Annerley, will also go to auction on Saturday.For more than three decades, the shop on the corner at 2 Stephens St, Annerley was the tuckshop for Junction Park State School, and the property has been in the same family for 60 years. The kitchen is galley-style, with a butlers’ pantry to the left.The renovated Queenslander has exposed brick walls, stained glass windows and decorative fretwork.There is no need to head to Wet’n’Wild to catch a dive-in movie, with a remote controlled projector screen able to wind down at the end of the pool. The property was inspired by a Sunshine Coast resort.The renovated resort-style home in on a double block of 1752sq m, and has a full-size tennis court, inground pool and spa, 12m pontoon with jetty and separate cabana-style studio. The kitchen is like a time capsule.Place Paddington agent Jesse Sherring said buyers from “across the spectrum” were interested in the property, looking to use the corner shop front for anything from a juice bar and cafe, to a place to make jam and chutneys and a home design store.Mr Sherring said the house had been renovated in the 1960s and was “a bit of a time capsule”.It will go to auction at noon, on Saturday November 3. The living and kitchen are open plan.The floors inside are a French oak basket weave, and outdoors on the veranda and around the top of the inground magna pool is a French-style feature tile.It will go under the hammer at 11am, Saturday November 3. The house at 62 Keona Rd, McDowall, will go to auction on Saturday.DREAM homes galore will be going under the hammer this weekend.The split-level house at 62 Keona Rd, McDowall, already has seven registered bidders, according to Ray White Ascot’s Alexander Shean. Exposed brick is one of the home’s character features.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoWhen the screen is not in use, it retracts and reveals a fireplace in the stone feature wall.The house has five bedrooms, four bathrooms and parking for three cars.It will go to auction at 10am, Saturday November 3. Inside 27 Sutton St, Chelmer.If you are concerned the above properties may burn a hole in your pocket, perhaps this renovator is for you — and remember — two of the above incredible houses began as humble cottages too. The house has an open fire.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 The property at 62 Keona Rd, McDowall, has a large outdoor area.The agent said they had more than 80 visitors at inspections of the property, which has 557sq m of under roof living and “ticks all the boxes” for buyers. Bi-fold doors allow for a seamless transition from indoors to outdoors.A few of the property’s luxury features include 13m inground pool with spa jets, ducted zoned airconditioning, in-built speakers, ducted vacuum, gatehouse with intercom, and 20,000L of water tanks which are plumbed to toilets, laundry and outdoor hoses.The house will go to auction at 10am, Saturday November 3. A riverfront property at Chelmer will also go to auction at 10am.The luxury riverfront property at 27 Sutton St, Chelmer, will go to auction at 10am, Saturday November 3. The pool has French-style tiles around the top. The floors are French Oak basket weave.It has five bedrooms, and four bathrooms, each with Astrawalker Eco brass tapware.The main bedroom has vaulted ceilings, a walk-through wardrobe and an ensuite. The kids can splash from the pool while you watch from the alfresco dining area.Mr Shean said he expected more to register for the auction of the six bedroom, three bathroom property, which is on a large 1058sq m block.“Keona Rd is known as a premier location in McDowall,” Mr Shean said.“It’s a fairly unique property for the location, with not many in that price bracket in the area.” This two-level Hampton’s honey will go under the hammer at 11am on Saturday.Just like 31 Brisbane St, 45 Hayward St at Paddington started out as a cottage too.Now it has found a new life as a two-level Hampton’s inspired honey.last_img read more