There are many issues facing Cape Coral as it continues to evolve in Southwest Florida. One of the issues is growth and development and in particular what can be done with the land formerly known as The Golf Club.
Mark H. Bickel/news-press.com
Water, sewer and irrigation lines are coming north of Pine Island Road in Cape Coral. But the planned upgrades will not come cheap to the city or its residents.
Cape Coral City Council voted unanimously on three resolutions to begin the North 2 Utility Extension Project (UEP). Divided by region, the UEP upgrades will bring utilities to about 8,900 parcels north of Pine Island Road. The project is expected to cost about $269 million.
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The funding for that cost come from, in part: grants, the city’s transportation, stormwater, water and sewer accounts. But the vast majority of the cost will be born by property owners through assessments. The line extension assessment and capital facility expansion charge cost to a property owner depends on the size of their respective parcels. A 10,000 square-foot lot will pay about $20,726.
Victoria Bateman, finance director for the city, said there will be two prepayment periods to let residents pay upfront and avoid interest charges on the assessment. Someone who pays their upfront cost on a 10,000 square-foot lot between Aug. 3 through Sept. 30 would pay $18,032. The next prepay period is from Oct. 1 to July 31, 2018 and puts the…
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