Should I change my catch and release policy this time?

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I live in south central Florida, on the edge of a subdivision outside of town, boardered by sugar cane fields and a sod farm, so we have a few critters on the property. We also have a canal that runs the length of the back of our property, between our street and the next one. Since we live on the corner the canal ends in my back yard. From the little green geckos, to the frogs, to the turtles, to the fish in the canal, my policy has always been that you can catch it but you have to let it go. A man once asked for permission to catch some of the big turtles so he could sell them to a restaurant and I sent him packing. We sometimes have small alligators in the canal, too, and the catch and release policy applied to them as well. My son-in-law would catch it, wrap duct tape around it's mouth to keep it from biting and take it two blocks away to the river to be released. But, now we have a big one in the canal! I haven't been able to get a good look at him but he's no three footer and he's been hanging around for weeks. There are children in the immediate area; my grandchildren live nextdoor, a nephew's son lives across the canal and there are other kids in the neighborhood who come and go as the kids play. I also have two cats and a small dog. The kids know to stay away from the canal, unless they're fishing with an adult, and everyone at this end of the block keeps their banks cut so that anything that's out of the water can be easily seen but kids don't always pay attention. So, my stepson, son-in-law and one of my nephews have been trying to catch this gator but he's so large and strong that he manages to break the line before they can haul him out. Animal Control's policy is that, unless he's on land threatening us, they're not going to do anything about him so the guys are determined to get him...in between working and going to football games. He has to be captured because he's not leaving on his own and the guys have more or less convinced me that he needs to be killed as soon as he's on the bank for safety's sake. I would hate for someone to be hurt trying to control a gator of this size so I tend to agree with them. What do you think?