Council expected to vote on final assessments for North 1 East UEP
Three public hearings will be held during the Cape Coral City Council’s meeting Wednesday to establish the final assessments for the North 1 East Utilities Expansion Project.
The final assessment resolution for North 1 East Utilities Expansion Project (UEP) is set for the council meeting.
According to a presentation, North 1 service area has approximately 7,300 parcels.
The North 1 East estimated costs utilities construction bids is for 34.2 road miles – for a total construction bid amount of $175,336,314.43.
The estimated project costs is $116.4 million for utilities construction; $42.3 million for facilities construction; $35 million for storm drains, roads and fiber optics,; $193.7 million for total construction cost; $9.4 million for construction contingency; $13.0 million estimate for construction engineering and inspection; and $11.4 million for the design, survey and UEP administration for a total project cost of $227.5 million.
There are two methodologies for the North 1 Assessment – line extension – land area (SF) – based on the equivalent parcel method for water and irrigation distribution mains and wastewater collection mains, and capital facilities expansion charge (CFEC) – based on equivalent residential unit method for treatment and transmission.
The North 1 East assessment plus CFEC is $32,288.
There are three financing, payment options – initial prepayment period, interim repayment period and the default method that is billed by the tax bill annually.
Resolution 352-25 will also be voted on to ratify and confirm the initial assessment resolution and establish the maximum amount of the annual assessment for each equivalent parcel and equivalent residential unit.
The North 1 East Potable Water Improvement area will also be voted on during Wednesday’s meeting to ratify and confirm the initial assessment resolution and establish the maximum amount of the annual assessment for each equivalent parcel or equivalent residential unit.
The meeting will take place at 4 p.m., Wednesday, Nov. 19, in City Council chambers, 1015 Cultural Park Blvd. The meeting is open to the public.
To reach MEGHAN BRADBURY, please email news@breezenewspapers.com