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Resident urges council to rescind 100% homeowner cost-overrun assignment for septic-to-sewer project
Summary
At the Cocoa City Council meeting, resident Todd Riggs asked the council to remove language that assigns 100% of cost overruns to homeowners for the J & K septic-to-sewer conversion; the city attorney and council members said a newly adopted ordinance creates a later procedure to decide assessments, so no immediate erasure of the prior vote occurred.
Todd Riggs asked the Cocoa City Council on April 28 to rescind the portion of an earlier decision that would assign 100% of cost overruns on the J & K septic-to-sewer conversion to homeowners.
Riggs told the council the assignment was unnecessary for moving the project forward, inconsistent with precedent and harmful to roughly 88 homeowners who would have to disclose a contingent liability during property transactions. "A contingent liability is like radioactive," Riggs said, urging the council to wait until costs and grants are known before deciding who will bear overruns.
Several…
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