Damage estimates from this week’s flooding in Cave Spring is near half-million dollars with more to come. According to Tim Herrington, Floyd Emergency Management Director, tax assessors conducted an assessment of property on Friday and have $480,000 in damages so far with one more area to be surveyed on Monday. As of now, there are 40 structures that were impacted by flooding.
“Public Works will be going back on Monday to another area to do assessments. We will add that assessment to the report and information collected by tax assessors on Friday. We will then submit that report to GEMA later this week,” says Herrington.
The Floyd County Commission signed an emergency declaration in the aftermath of Wednesday’s flooding. The declaration is first step toward possibly receiving state emergency financial assistance for the cleanup and recovery. The state threshold for assistance consideration is $348,679, according to Herrington.
“Even though we meet the threshold, it doesn’t guarantee we will get any state assistance because the state didn’t declare it a State of Emergency,” he says.
Herrington hopes to submit the final damage report to GEMA by this Thursday, August 9 if not sooner. GEMA will then make the final decision on if any state assistance will be available for the area.