From KCRA3 – According to the San Joaquin Area Flood Control Agency, the area’s current levees do not meet state requirements for 200-year flood protection and soon may not meet the federal requirements. “In that case, properties would be mapped into a special flood hazard area, and any property owner with a federally backed mortgage would be required to purchase flood insurance,” said Kim Floyd, public outreach manager for San Joaquin Area Flood Control Agency. Premiums in those special flood hazard areas average about $1,700 yearly, but if the project is approved, those same property owners would have to pay, on average, about $85. The board of directors authorized balloting for a proposed property assessment for more than 22,000 properties in the area. (more)