Irving Flood Control District Makes Final Bond Payment

Irving Flood Control District Section III (IFCD 3) announced last week the organization is officially debt-free, having repaid all bonds that funded the initial construction of the District.

In the late 1970s, voters authorized a bond package totaling $35.5 million in order to construct the flood control and drainage systems as part of the development of the Valley Ranch community. Since then, $25.8 million in bonds have been issued to fund the construction of the pump station, levee and 5.5 miles of canals and waterways. As of this month, the total amount of issued bonds has been repaid by the District....

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