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Article: SAFCA Bonds Well Received - Flood Control Moves Ahead.
- Article from:
- Business Wire
- Article date:
- October 18, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SACRAMENTO, Calif.--(BUSINESS WIRE)--Oct. 18, 1995--Natomas and North Sacramento residents will finally get 100-year-plus flood protection as a result of successful efforts by the Sacramento Area Flood Control Agency (SAFCA) to sell bonds to fund local flood protection projects.
Today SAFCA announced the sale of $42 million of bonds which will fund levee improvements and a pump station along the Natomas East Main Drain, providing greater flood protection in Natomas and North Sacramento. By 1996, when the projects are expected to be completed, area residents will be able to purchase flood insurance at a reduced rate, or even to discontinue their flood insurance.
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