The Cape Coral City Council is expected to vote on resolutions related to the assessment methodology for the North 3 Utility Expansion Project (UEP) on Monday.<\/p>\n
The next phase in the UEP will adopt assessment methodology for two components: line extension assessment, based on equivalent parcel method for water and irrigation distribution mains and wastewater collection mains; and the capital facility expansion charge, based on equivalent residential unit method for treatment and transmission.<\/p>\n
The city also is installing Alternative 5 for the \u201capplicable North 3 UEP major-road corridors instead of the typical major road section,\u201d the presentation states. This method differs from the standard UEP approach \u201cby allocating more space to roadway and drainage\/greenway functions, rather than treating the corridor as an ordinary residential street, while providing enhances multi-modal facilities.\u201d<\/p>\n
There are 6,668.7 equivalent parcels for estimated water and wastewater and 6,633.5 for estimated irrigation. The total parcels for estimated water and wastewater is 5,179 and 5,180 for estimated irrigation.<\/p>\n
North 3, located east of Burnt Store Road, has an estimated total of $35,264 per property and North 3, located west of Burnt Store Road, has a total of $41,029.<\/p>\n
The North 1 East total was $32,288, and North 1 West was $33,367.<\/p>\n
According to the presentation scheduled for the special meeting, the assessment can be paid in full or in annual installments on a tax bill.<\/p>\n
The city will finance the cost of North 3 through bonds, which will be repaid over time by the assessments and water and sewer fees.<\/p>\n
The North 3 UEP includes 58.8 road miles, which has an estimated project cost of $384.1 million. The construction bid is $327.8 million.<\/p>\n
According to the presentation, the estimated cost funding sources for North 3 are $179.3 million from SF, $142.5 million from CFEC, $35.5 million from alternative 5 road improvements, $4.5 million from transportation, $21.6 million from stormwater (debt), and $0.7 million from utility fees (fiber optics).<\/p>\n
The council will vote on three resolutions, 243-26, 244-26 and 245-26, all of which have public hearings. They all relate to the construction and funding of potable water improvements, while creating the North 3 Potable Water Improvement Area, as well as confirming the initial assessment resolution and establishing the maximum of annual assessment.<\/p>\n
According to the presentation, there are many next steps for the process, which include a homeowners informational meeting on Oct. 19; a public hearing for final assessment resolutions and assessment rolls, resolution to approve construction contracts, and resolution to approve construction engineering and inspection contract on Nov. 2; followed by a notice to proceed for construction in December.<\/p>\n
The special meeting will be held at 4 p.m. Monday, Sept. 28, in City Council chambers, at 1015 Cultural Park Blvd., Cape Coral.<\/p>\n
The meeting is open to the public.<\/p>\n