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Cape Coral was built about 40 years ago by two land speculators who believed that the property's location on the Gulf Coast provided abundant sunshine and almost endless opportunities for waterfront living. The Rosen brothers purchased the property, platted the community and created more than 400 miles of canals. The Census Bureau reports Cape Coral is the 3rd largest city by land mass, with an area of 115 square miles." The brothers began a massive marketing campaign that resulted in the sale of nearly all of the 350,000 residential building sites, the majority to people who lived in other states.
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The City of Cape Coral operates under the Council-City Manager form of government. City council members are elected at large from seven districts. The mayor also is elected at large and is the eighth member of council. The mayor presides over council meetings. The City Council enacts ordinances and resolutions, adopts the budget,
comprehensive plan and land-use regulations. The Council appoints the
City Manager and City Attorney, as well as the members of all boards
and commissions. The City Manager hires all department directors and
oversees the day-to-day operations of the city. The city has a total real estate property tax, which includes county, school, miscellaneous taxes, that averages 22.1330 per $1,000 of assessed value (the City of Cape Coral portion is 6.1049). Florida has a Homestead Exemption law that allows eligible homeowners to deduct $25,000 from the assessed value prior to computation of taxes due. Cape Coral also is one of only three cities in Florida that does not
have public services taxes. This results in considerable savings for
residents. The public service tax charged by other cities can range up
to 10 percent and is based on consumption of electricity, water, telecommunications,
and bottled or metered gas.
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