is cypress community storage flooded
About Cypress Creek Preserve. Purchased to provide flood protection and serve as a public water supply, Cypress Creekâs floodplain helps filter nutrients in runoff waters.Cypress Creek Well Field serves as an important source of water for the surrounding region and is managed by Tampa Bay Water (TBW).Cypress Creek is a tributary of the Hillsborough River.ypress Creek Well Field serves as an important source of water for the surrounding region and is managed by Tampa Bay Water (TBW). Cypress Creek is a tributary of the Hillsborough River.