OAK ISLAND— After incurring serious damage by Hurricane Matthew last year, the Oak Island Pier may receive a $1.5 million grant Tuesday, Nov. 14.
Town Council will vote to approve the grant, approved by Golden LEAF in October. The town also received a $300,000 grant from the state’s Department of Coastal Management, and $760,000 in reimbursement is expected to be awarded from FEMA as well.
Yaupon Pier, owned by the town of Oak Island, has been closed for over a year.
Matthew’s Category 5 winds and surge engulfed entire sections of the pier, caught on video during the storm. Oak Island’s insurance company, consulting engineers and FEMA all condemned sections of the pier that remained during inspection.
According to the proposed agreement between Golden LEAF and the town, “FEMA and insurance funds are not sufficient to complete the project.”
Golden LEAF Foundation was created in 1999 as part of the Master Settlement Agreement with cigarette manufacturers in North Carolina. The non-profit organization provides relief to “rural, economically distressed, or tobacco-dependent regions of North Carolina,” according to its website.
Town Manager David Kelly recommended approval for the grant, which would be used to demolish the remaining pier structure and rebuild a new one in its place.
If approved by the council, the town will be required to submit a project management plan and budget to be approved by Golden LEAF within three months of being awarded the grant.
“Staff will execute the contract appropriately,” if the town votes to accept the grant with a 12-month term, Kelly said.
Johanna Ferebee can be reached at email@example.com or @j__ferebee on Twitter