continued “Before we make a decision on buying people out there is always the potential that value can increase,” he said. “We have some sales down there … of properties down there that have been impacted by flooding.”
Some people have sold flood-damaged properties higher than the town’s reduced assessment, according to Macejka.
“There are other indicators than what happened last year that I would have to take into consideration before I could make a conscious proposal to the board that we buy people out based on current values,” Macejka said. “It’s an option, but I don’t think that right now we can establish that the values will never increase.”