Tuscaloosa Council to Vote on Storm Recovery Money
The city council in Tuscaloosa is expected to vote Tuesday on a contract that would secure a $10 million line of credit to help fund storm recovery efforts.
The Tuscaloosa News reports (http://bit.ly/URA3B4) that if approved, it would mark the first money the city would borrow to pay for the millions of dollars in costs associated with rebuilding and cleaning up Tuscaloosa following the tornado of April 27, 2011.
Tuscaloosa Mayor Walt Maddox says the line of credit would give city officials flexibility in determining how to pay for various expenses related to tornado recovery.
Statewide, tornadoes in April 2011 killed more than 250 people in Alabama and destroyed 6,237 houses and 1,275 mobile homes, according to the Federal Emergency Management Agency.
Information from: The Tuscaloosa News, http://www.tuscaloosanews.com
Copyright 2013 The Associated Press.