Cape Coral utility expansion worries residents
Cape Coral residents recently packed into the first floor of city hall, nervously chattering with terms like refinancing and reverse mortgages escaping their lips as they waited for the informational meeting on the Utilities Extension Project (UEP) to start.
City officials answered pressing questions on the project, cost to homeowners, payment, and other things northeast residents should expect, with the focus on affording a $30,000-plus bill.
The UEP provides water, sewer, and irrigation services in phases to replace septic and shallow groundwater wells and connect households to the city's potable water treatment and distribution facilities.
The funding will mostly be put up by property owners through special assessments, which the city can collect to fund capital improvements and municipal services.