Gov. John Hickenlooper today presented a $131,442 check to the Town of Estes Park.
The check is a 50 percent advance on the $262,885.12 in reimbursements the Town of Estes Park has requested under the Federal Emergency Management Administration (FEMA) Public Assistance program.
Under a new expedited program, the Colorado Division of Homeland Security and Emergency Management (DHSEM) will reimburse 50 percent of all requests for reimbursements greater than $10,000, after a cursory review, with a $1 million cap for any single reimbursement. The amount cannot exceed more than 50 percent of what FEMA has allocated for the project.
Additionally, the governor authorized $20 million in cash advances out of the state disaster emergency fund, for communities that need help with cash flow for projects. During July, the state distributed $7.3 million in advances.
