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WHY IS THE CITY DOING THIS? <br />Protection of lives and property <br />FEMA considers a Special Flood Hazard designation equivalent <br />to no flood protection <br />The CFD will provide a vehicle to finance flood protection <br />improvements at no cost to the City <br />The CFD will provide perpetual funding for maintenance <br />Efficiency <br />The CFD replaces the Maintenance District <br />Periodic Proposition 218 property owner hearings will not be <br />necessary <br />Redwood <br />7 of 9 city �,��» <br />