Council Agenda: Toms River Seeking FEMA Disaster Loan

Toms River's Township Council will take a step toward securing a $5 million disaster loan from the federal government during its meeting Tuesday evening. 

A resolution on the draft meeting agenda, posted to the township Website, indicates that the township plans to execute a collateral security in connection with a FEMA Community Disaster loan for damages sustained during Superstorm Sandy.

"Funding can be used to offset the levy in 2013 and beyond, providing a stable tax and rate environment for communities where stability is sorely needed," reads a statement from the New Jersey Department of Community Affairs Division of Local Government Services. 

Toms River officials have said that the township's ratables base may have lost 20 percent because of Sandy.

Also on the agenda for the 6 p.m. meeting in town hall is an ordinance providing for capital improvements and a resolution opposing legislation to establish an early voting system in New Jersey. The complete draft agenda can be read here.