Published: Apr 26, 2010 6:24 PM EDT

CAPE CORAL, Fla. - The Cape Coral City Council has been listening to proposals for an aquatics center project for nearly a year. Tonight, the City Council members will determine if the project will sink or swim.

Monday night, the council could vote in favor of the creation of a "memo of understanding" between the The National Swim Center Corporation (NSCC) and the city. The other option? The committee members could also vote against the project, essentially nixing any future consideration of the project.

But it takes money to make money and if the City Council votes to move forward, it won't be cheap for the city, which would have to put up about $27 million for the project. City officials say the state may be willing to provide $3 million, while Lee County has committed $4.5 million to the project.

The National Swim Center Corporation would be responsible for $20 million.

Notably, a "yes" vote tonight would keep the proposal afloat, but it is still no guarantee the swim center would ever become a reality.

Trash Contract to go for a vote at Cape Coral City Council Meeting

At Monday evening's meeting, the City Council will also review the city's trash removal contract. Some have expressed concerns about  the size  and weight of the recycling bins. It's feared that the size of the collection bins may pose problems for senior citizens.

Stay tuned to WINK News and for the latest updates on the swim center vote.

Related: Swim center debate ongoing at City Council meeting

Sink or Swim? Vote coming soon on swim center