Oil City was awarded a $265,053 Flood Mitigation Program grant by the Commonwealth Financing Authority (CFA) at its Friday (July 1) meeting, according to Senator Scott Hutchinson and Representative Lee James.
Oil City will use the money for work on its ice boom on the Allegheny River which sustained serious damage last winter and could be in jeopardy if subjected to another harsh winter in its current condition.
“Oil City has an extensive history of ice jam flooding in its north side business district,” said Senator Hutchinson. “This ice boom has played a key role in reducing ice jam flooding since it was installed in 1983. However, last winter the boom sustained severe damage. This grant provides important funding to make the repairs possible and ensure that the boom will be ready for the upcoming winter and for the years to come.”
“This grant is an important investment in the safety and security of the Oil City community,” said Representative James. “Floods are dangerous and costly for communities. This grant can help prevent property damage and, more importantly, save lives.”
The CFA was established as an independent agency of the Commonwealth to administer Pennsylvania’s economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania’s economic growth.
Contact: Justin Leventry (717) 787-9684