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WHY IS THE CITY DOING THIS? <br />Levee improvements will protect lives and property <br />New FEMA flood maps put Seaport Centre and Seaport Plaza in <br />a Special Flood Hazard Area (equivalent to no flood protection) <br />Community Facilities District (CFD) finances levee <br />improvements at no cost to the City <br />CFD provides perpetual funding for levee maintenance <br />Efficiency <br />CFD replaces the Seaport Centre Maintenance District <br />Avoids future Proposition 218 property owner hearings <br />Redwood <br />2 of 4 city �,��» <br />