23. Authorize Whiskey Creek Dredge CIP MSBU Financing

Lee Board of County Commissioners · 2026-05-19 · agenda_item

The Lee Board of County Commissioners has authorized permanent financing for the Whiskey Creek Canal Dredge Capital Improvement Project. This project involved dredging a section of the Whiskey Creek Canal in unincorporated Lee County, located north of Robalo Drive, south of Old Whiskey Creek Drive, and west of McGregor Boulevard. The final construction cost for the dredging was $573,862.50, with assessments of $2,190.31 per Equivalent Assessment Unit (EAU) for 234 privately-owned waterfront parcels and two common-element properties. The financing, a term loan not to exceed $665,000, will reimburse the County for initial project expenses and fund the long-term improvements. This item is approved and represents the final financing stage for the completed dredging work. The project scope included site clearing and grading for canal access, underground utility work related to the dredging, and potentially some final landscaping or shoreline restoration. Local contractors, suppliers, and service providers involved in civil engineering, site preparation, heavy construction, and potentially environmental services could find opportunities by understanding the scope of completed infrastructure projects and their financing mechanisms. Early engagement with county project managers or relevant departments can provide insights into future infrastructure needs and funding cycles.

financing amount

665000 $

construction cost

573862.50 $

benefitted parcels

236 parcels

petitions received

124 petitions

privately-owned waterfront parcels

234 parcels

common-element waterfront properties

2 properties

assessment per EAU

2190.31 $

financing term

7 years