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Cape Coral closes on reservoir purchase; council approves 41% irrigation rate increase for residential irrigation
Summary
City manager announced the city closed on a 1,202-acre reservoir acquisition and council approved a planned rate increase for irrigation water: residential irrigation charges rise from $9.50 to $13.40 monthly, a 41% increase, to fund the project.
City of Cape Coral officials announced the municipality closed on a 1,202-acre reservoir site and approved an irrigation-rate adjustment on Tuesday to pay for the purchase and pipeline work.
City Manager Mark Mason told the City Council the city completed the purchase of a former borrow pit property that staff expects to convert into a long-term irrigation reservoir. "We did in fact close on the property today," Mason said during the meeting’s utility-rate presentation. City officials described the acquisition as a planned step in a multi-phase program to secure additional irrigation supply for the city’s freshwater canal system.
To finance the purchase and associated pipeline and pump-station…
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