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LEVEE IMPROVEMENTS <br />The Seaport Centre levee is owned by the City and <br />maintained by the Seaport Centre property owner <br />Annual levies in the Seaport Center Maintenance <br />District pay for maintenance <br />New <br />FEMA flood <br />maps <br />put Seaport Centre and Seaport <br />Plaza <br />with <br />in a Special <br />Flood <br />Hazard <br />Area <br />Levee improvements will remove Special Flood <br />Hazard designation <br />Property owners have requested that the City create a <br />community facilities district to assist with financing of <br />the levee improvements <br />There is no <br />general <br />fund exposure to <br />any costs <br />associated <br />with <br />the <br />levee acquisition <br />or the <br />CFD <br />Redwood <br />5 of 10 city <br />