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Feds to kick in millions
"It could be much more, depending on what the final total of eligible costs are," Peter said in an interview yesterday. Torrential rains dumped close to 200 millimetres of rain on the city in a few hours July 15, causing Jackson Creek to overflow and sewers throughout the city to back up. To date, more than $56 million in damage claims from residents and business owners and operators have been logged by insurance companies. Not all those claims are being accepted. In addition there are many residents and business operators whose insurance does not cover the flooding or who have no insurance. There is also extensive damage to the city's infrastructure including roads, sidewalks and bridges. The federal government has an emergency funding relief protocol for those not covered by insurance, based on a formula for each province, Peter explains. When eligible costs for provincial emergency funding in Ontario reach $12.2 million, the federal government starts to contribute, he says. "We already have notice from the province that eligible costs will be over $20 million. That means we will provide $8 million." Provincial officials have also indicated they expect the non-insured costs to be even higher, Peter says. If non-insured losses rise to $30 million, for example, the federal government will provide $17.8 million in emergency aid to the give municipalities involved; the city and county of Peterborough and the townships of Ennismore-Smith -Lakefield, Otonabee-South Monaghan and Douro-Dummer, he says. The protocol includes the province documenting the eligible costs before the federal money starts flowing to the province which sends it on to the municipalities, he says. The province has already provided $5 million
for flood relief, Premier Dalton McGuinty calling it a "down
payment" to get money quickly to those who need it most. |
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