- Associated Press - Monday, February 16, 2015

BELLEVUE, Neb. (AP) - The last round of buyouts has been completed of homes on flood-prone property at a development along the Missouri River south of Bellevue.

The Papio-Missouri River Natural Resources District board last week approved the purchases at Iske Place, according to the Omaha World-Herald (https://bit.ly/1zd84fU ). The secluded riverside community sits just south of where Papillion Creek empties into the Missouri, north of the mouth of the Platte River.

The homes targeted for buyout were on the river side of a levee. Authorities wanted residents out of the floodway to reduce the cost of evacuation and cleanup when the river inevitably floods again.

Previous buyout offers for Iske Place were rejected. After a major flood in 1993, residents pooled their money to form a homeowners’ corporation to prevent a sale to the resources district. After flooding in 2011, most of the homes were left in ruins, and the residents decided to leave.

But not everybody, so the wrangling with the district continued until last fall, when the corporation agreed to a land buyout on the condition that the district reach purchase agreements with the owners of the homes. They owned the homes, ruined or not, but the land was owned by the corporation formed after the 1993 flood.



The deal was all or nothing deal: Everyone sells or no one does. The final home purchase agreements were reached last week.

The combined purchase price for all 25 lots on the 35-acre property amounts to roughly $1.5 million, authorities said. Three-quarters of that is being covered by the federal government. The Nebraska Environmental Trust will cover 12.5 percent; and the remaining 12.5 percent will be split among the resources district, the city of Bellevue and Sarpy County.

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Information from: Omaha World-Herald, https://www.omaha.com

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