- Associated Press - Tuesday, October 4, 2016

CEDAR RAPIDS, Iowa (AP) - In the wake of recent flooding, some Cedar Rapids property owners have shown interest in moving quickly on flood buyouts.

Cedar Rapids television station KGAN reports (https://bit.ly/2dcqmuf ) that the city’s Flood Control Committee heard recommendations Tuesday morning to buy the Best Western Hotel and Cooper’s Mill Restaurant, both located just hundreds of feet from the Cedar River that overran its banks last week.

City real estate manager Rita Rasmussen says Cedar Rapids has been in negotiations with the property owners since last year.

She says the city has a signed purchase agreement with the owners for more than $5 million. She expects the transfer of title to be complete by the end of October.

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Information from: KGAN-TV, https://www.kgan.com


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