Coffeyville, Kan.-Coffeyville Resources Refining & Marketing LLC is willing to purchase approximately 300 flood-damaged homes (GM July 23, p. 1) at a price calculated at 110 percent of the pre-flood fair market appraised value. It has already received 200 completed appraisals based on claims previously filed. The company will guarantee purchase of eligible flood-damaged residences for qualified homeowners who contact it during the next 30 days. Participation in the program is strictly voluntary. Both the City of Coffeyville and Coffeyville Resources believe this program will speed recovery efforts within the designated flood-affected area and help families reestablish their lives. “This innovative program is good for Coffeyville and its citizens, which is why city officials are backing it,” said Keith Osborn, executive vice president and general manager of the refinery. “For our company, this program represents our commitment to helping the city and its residents recover.” The designated homes are the properties in Coffeyville determined to be most affected by the flood and subsequent oil spill. The company said it will use local banks and real estate title companies to quickly and efficiently purchase homes under the program so that homeowners can get access to money for use as down payments on their next Coffeyville residences. The company said its claims office will also provide residents with contact information for federal and state financial assistance programs, which could be used to assist with buying a new home. The company said it has no plans for the purchased land other than remediation, although after remediation it could be made available for public use if requested.
Transparency Across the Fertilizer Value-Chain