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Emergency generator for Laguna Beach sewer system boosted by FEMA grant


Laguna Beach Local News
A file photo of construction on a section of the North Coast Interceptor near South Coast Highway and Nyes Place. (Courtesy of Laguna Beach)
The Laguna Beach City Council unanimously approved a pair of contracts on July 13 worth $282,500 for the engineering and construction of a new emergency power generator for a downtown sewer lift station that moves a million gallons of wastewater per day.
The emergency generator is critical infrastructure for Laguna Beach because it ensures the sewer system will continue running even during a power grid outage. This work is largely funded by a $256,567 grant from the California Governor’s Office of Emergency Services and Federal Emergency Management Agency Hazard Mitigation Grant Program. ....

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Financial stability strengthened by firmer LVR restrictions


Release date
09 February 2021
The Reserve Bank of New Zealand – Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential construction.
LVR restrictions were removed in April 2020 to ensure they didn’t interfere with COVID-19 policy responses aimed at promoting cash flow and confidence, Reserve Bank Deputy Governor and General Manager of Financial Stability Geoff Bascand says.
“Since then, in part due to the success of the health and economic policy responses, we have witnessed a rapid acceleration in the housing market, with new records being set for the national median price, and new mortgage lending continuing at a strong pace. ....

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