(Photo by Joe Raedle/Getty Images)
Joplin, MO (KSDK) - The city finance director in Joplin, Missouri presented a report to the Joplin City Council that summarized insurance proceeds and reimbursements from the Federal emergency Management Agency and the State Emergency Management Agency in relation to costs as a result of the May 22, 2011 EF-5 tornado.
Finance Director Leslie Jones said the estimated total cost to the City of Joplin is nearly $24 million, which includes $9 million for debris clean up outside of the defined "Expedited Debris Removal" area.
Around $15 million is expected for other damages including the loss of two fire stations and some of the City of Joplin's infrastructure such as signs, signals, streets, curbs, catch basins, parks facilities, and playground equipment.
Jones said though the overall cost to the city is $24 million, the city had $17.7 million of donated resources that will help offset the cost.
According to FEMA's reimbursement guidelines, approximately $5.9 million is eligible to offset the costs of temporary projects of this disaster. FEMA will reimburse the city 75 percent of all projects after any insurance proceeds, and SEMA reimburses 10 percent. The city is responsible for 15 percent of all permanent projects, which is estimated at just over $1.5 million.
The $1.5 million will be offset by other payments from insurance.
KSDK