Date: July 20, 2007
Location: Coffeyville, Kansas
Authority: Cindy Price – PIO
City of Coffeyville - Coffeyville Resources announce Residence Purchase Program
The City of Coffeyville and Coffeyville Resources Refining & Marketing, LLC have announced a Residential Purchase Program.
Under the program, Coffeyville Resources will offer to purchase those residential properties in Coffeyville that are most affected by the flood and subsequent oil spill. The program will be voluntary on the part of homeowners, who will be given the option to sell their residential property at a price that is calculated on the property's market value prior to the flood. Under the program, it is expected that Coffeyville Resources will offer to purchase approximately 300 residences.
Both the City of Coffeyville and Coffeyville Resources Refining & Marketing, LLC believe this program will speed recovery efforts within this flood-affected area and will help families reestablish their lives.
For more information about the program, call 1-800-958-5380
An announcement will be made early next week that will show the residential
area of Coffeyville which qualifies for the Program and provide further details
on the purchase price mechanism which will be used.