Howard Lake-Waverly Herald, July 8, 2002
Victims still cleaning up, Waverly uses about 35,000 sandbags
By Lynda Jensen
Flood victims were still sandbagging through last week, fighting rising water on area lakes.
Sandbaggers at Big Waverly went through about 35,000 sandbags, resident Dave DeLude said.
Bottled water was a hot commodity, DeLude commented.
Damage estimates are rolling into the Wright County Emergency Services Office, coordinator Genell Reese said.
Public roads alone sustained $3 million in damage, although total exact numbers are not solid yet for the disaster, she said.
Waverly bank offers victims low interest
The Citizens State Bank of Waverly is offering a low interest deal for flood victims, said bank representative Kent Houston.
The bank is offering 4.9 percent APR for a three-year term, of up to 110 percent of the equity in a home.
This arrangement can be arranged to amortize over a longer period of time, such as 10 years, with the rate being adjusted after three years, Houston said.
The loan arrangement offers $5,000 available for unsecured funds (meaning without collateral), Houston said.
The deal is available to businesses as well, he said.
Meanwhile, an advisory board for flood funding was established at the Citizens State Bank in Waverly to assist victims in the Howard Lake, Waverly, and Montrose areas.
Those currently on the board are Mary Pettit, Barb Swanson, Pam Henry-Neaton, Kent Houston, and Jim Vrchota.
One more member is needed to represent the City of Waverly, Houston said. Call (763) 658-4417.
Flood victim donations may be sent to: Citizens State Bank, Flood Relief Fund, Acct. #540584, PO Box 68, Waverly, MN 55390.
Howard Lake-Waverly Herald & Winsted-Lester Prairie