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Council to consider next steps for Bimini Basin project

By Staff | May 15, 2015

Among the topics listed on the agenda for Monday’s meeting at City Hall, City Council will discuss the next steps for the Bimini Basin project as well as review the Village Square financial analysis and a deadline extension.

Of the 350 people who attended the last community presentation by USF, 125 submitted survey forms that ranked the RubiCove Marina & Cultural Center and the pedestrian bridge and public boardwalk concepts were ranked Nos. 1 and 2. To keep the process moving forward, council expects a “last chance” community presentation with USF.

Another presentation offers residents who could not attend prior presentations to view the concepts and provide feedback.

Council will discuss options for USF to create a single urban design without a community presentation or accept the final design project with no USF participation.

City staff has analyzed the Village Square financial plan for the $140 million project and is expected to approve it with certain contingencies. The development plan calls for more than 251,000 square feet of retail, office and restaurant space plus 152 condominium units totaling 380,000 square feet accompanied by a six story parking ramp.

In April 2014 council approved an extension for substantial construction to start to April 2016 provided certain conditions are met. One condition was that council should determine by May 26, 2015 that the project is economically viable. City staff needs another week to complete its due diligence and since council will not meet May 25 because of the Memorial Day holiday it will grant a short extension.

Also on the agenda is a presentation by a consultant firm and Cape Coral Police regarding a proposed reduction in speed limits on city roadways from 30 to 25 mph.

Regular council meetings are called to order at 4:30 p.m. in Council Chambers.