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LCEC donates materials to Collier Reef Project

LCEC donates materials to Collier Reef Project

Last month, LCEC partnered with the Collier County Artificial Reef project to deliver scrap materials that will help reduce the cost of the project. The project now in full swing and this delivery was just the first of many donations to be made by LCEC at the Collier County Landfill.

With the execution of the BP Grant Fund acceptance, the City of Marco Island, City of Naples and Collier County began accepting clean materials for use in the deployment of the 36 artificial reefs included in a master plan. LCEC and FPL are among two of the organizations pledging their support to this effort.

“It is so exciting to see this project move forward with such enthusiasm and backing from so many in our community,” Nancy Richie, Environmental Specialist, City of Marco Island said.

“The benefits of a project of this magnitude are far reaching, both
environmentally and economically and we are thrilled to be participating in this effort,” explains Karen Ryan, Public Relations Manager, LCEC.

The state-of-the-art artificial reef master plan will feature deployment of 36 artificial reefs off the Collier County coastline. Conservative estimates are that these reefs are expected to boost tourism by some $35 million dollars. This program is funded through private resources and executed by the efforts of the Task Force volunteers. Anyone interested in securing naming rights in perpetuity for any of the 36 reefs available may contact the Collier County Community Foundation at 239-649-5000.

 

City of Cape Coral tax levied on LCEC electric bills

In April 2013, Cape Coral City Council approved a seven percent public service tax on electricity. Cape Coral residents and business owners who purchase electricity will pay the public service tax with certain exemptions. The cost of the first 500 kWh will be exempt and the tax will not be charged against the gross receipts tax or the City of Cape Coral franchise fee. In addition, federal, state or local governmental bodies and churches are exempt from the tax.

LCEC customers will notice the seven percent increase on their electric bill beginning October 1, 2013. Please note that LCEC has not raised its electric rates since 2008 and does not foresee a rate increase in 2014. Employees work hard to maintain rates by working efficiently, improving processes and maintaining the system. This increase is strictly related to a tax imposed by the City of Cape Coral.

LCEC is required by law to act as a tax collector in accordance with Florida Statute 166.23. We will deliver the collected taxes to the City of Cape Coral within an agreed- upon timeframe similar to how Cape Coral franchise fees are delivered, which are also collected through electric bills. The public service tax will be identified separately on the LCEC bill.

The funds generated from the public service tax are part of the City’s efforts to diversify finances. A diversified revenue source will allow the City to continue to provide core services, maintain and improve infrastructure and promote parks, tourism and economic development while maintaining appropriate reserves and protecting the City’s credit rating.

For questions about the public service tax, please contact the Citizens Action Center at 574-0425.

The new tax can also be calculated at www.capecoral.net or by clicking here.

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