River Ridge outlines gatehouse, monument and other CIP costs; board flags need for $2.5M loan
Summary
Board reviewed a revised Long Range Plan that lists monument replacements ($250,000), gatehouse renovation costs (estimated $615,775 in FY2026 and $407,240 in FY2027), a $125,000 paver project, and noted the CIP changes will likely require about $2.5 million in construction financing; permitting and SFWMD coordination were highlighted.
Eric Long, PSGRC General Manager, reviewed a revised Long Range Plan that assigns estimated probable costs to multiple capital projects, including monument replacements estimated at $250,000 and gatehouse renovation estimates of $615,775 for fiscal year 2026 and $407,240 for fiscal year 2027.
Mr. Long also identified a completed traffic calming project at $26,739 and a phase‑III paver allowance of $125,000 (main gate only). He said the Village of Estero has approved the stormwater permit and that SFWMD approval is pending for related coordination. "I expect the current pump to be installed and operating within the next couple of weeks," Long said regarding the backup irrigation well (see separate item).
Staff noted the sealed bid threshold of $550,000 will require a sealed bid process for the gatehouse work but not for the monument project. Because of the planned scope and timing of these projects, Mr. Long stated that the overall change in the CIP will necessitate a loan of approximately $2.5 million; staff will present a term sheet from Gulf Coast Business Bank at the next meeting.
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