A special Cape Coral Community Redevelopment Agency meeting will be held Wednesday morning for two items – Bimini Basin District and the former Cape Coral Golf Club.
CRA commissioners will vote on an interlocal agreement between the City of Cape Coral and CRA regarding its participation in the city’s purchase of property in the eastern portion of the CRA’s Bimini Basin District.
According to the resolution, “the City of Cape Coral, will enter into a contract for sale and purchase with Bimini Center of Cape Coral and Four Palms Condominium Association, Inc. in order to purchase the property Bimini East for the contract price of $40,089,504.
The second agenda item is a resolution to approve CRA’s payment of $5,395,643 to the city for its contribution to the purchase of the old Cape Coral Golf Club.
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