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Posted on: October 27, 2017

FEMA Approves Sandy Disaster Loan Cancellation

FEMA notified Seaside Heights officials this week that the Borough's application for full cancellation of the Community Disaster Loan in the amount of $3,875,590, together with accrued interest, has been approved. The Borough's application established that we experienced a $7,494,106 cumulative operating deficit, which exceeded the loan amount drawn, during the three year period following Sandy and was attributed to disaster related revenue losses and/or unreimbursed disaster related expenses.

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