Next steps for beach renourishment project on Captiva
Thank you for voting yes on the bond referendum for the 2020-2021 beach renourishment project.
What happens next? There are several moving pieces, including apportionment, engineering and project management, and financing.
– The tentative apportionment will be reviewed throughout the rest of this year.
– The board will vote on the proposed tentative apportionment by year end.
– A letter with an estimated low to high range for tentative apportionment will be sent to each property owner of record and will include the date of our public hearing.
– The public hearing will be held early next year and will be noticed as required. Questions will be heard and addressed.
– The project will continue with an estimated completion date in 2022.
– The Captiva Erosion Prevention District will prepare a preliminary assessment roll after the project is completed and all costs received. More information will be given as we get closer to project completion.
ENGINEERING AND PROJECT MANAGEMENT
– The CEPD will work with the U.S. Army Corps of Engineers as appropriate and APTIM, our current project engineers.
– The project will proceed according to timelines and schedules, which are being updated.
– Updates will be sent via Beach Briefs and newsletters. You can subscribe on our website at www.mycepd.com.
– The CEPD will work with the U.S. Army Corps of Engineers, Florida Department of Environment Protection and Lee County as appropriate.
– The CEPD will ascertain grant funding availability to determine if Captiva qualifies for federal funding. A cost-benefit analysis will be performed regarding federal involvement.
– Because the assessments are not received until after the project is completed, the CEPD needs to reach out to financial institutions to fund the balance of the project for the construction phases, and the board will choose a favorable debt service plan.
– Any excess funds received through the loan will be repaid by the CEPD to the bank; the balance gets repaid through the property owner assessments.
Beach renourishment is quite a process, and is guided by our enabling legislation and our rules of procedure.
Established in 1959, the Captiva Erosion Prevention District is an independent special beach and shore preservation district. It is governed by an independently elected district board authorized to carry out the CEPD comprehensive beach and shore preservation program. It provides beach erosion control and preservation activities for the protection, preservation and restoration of Captiva’s sandy beach. For more information, call 239-472-2472 or visit mycepd.com.