“NLC Members Part of PFA Success Story”

…”There are several examples of PFA projects that have acknowledged ‘without the PFA, this project would not have happened.’ For instance, there is a great story in Wisconsin, highlighted on PFA’s website, that explains that PFA was able to help a rural electric cooperative that ‘serves 36,000 members/owners in 12 counties or 31,560 homes, businesses, farms, and schools” to “repair… infrastructure” after “horrible flooding” and “on the heels of the Great Recession.’

“However, two NLC members – city of Fargo, N.D. and the city of Moorhead, Minn. – most recently were part of a PFA success story that earned ‘The Bond Buyer Deal of the Year’ award for 2022 for the Fargo-Moorhead Metropolitan Area Flood Risk Management Project in North Dakota. As described in a PFA press release, the goal of this project was to protect ‘more than 235,000 people, along with their homes and businesses…’ ‘…from the catastrophic flooding the area has experienced in past years.’ It has also been highlighted that this collaborative project ‘set the template for the new federal P3 pilot program to address flood mitigation and ecosystem restoration.’

Read more of Brian Dehner’s blog on NLC’s website here. “Brian Dehner is the Chief Administrative Officer for the City of Edgewood, KY and serves as a Public Finance Authority board member.”

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