Sarasota News Leader

03/07/2014

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robust electric vehicle called the Largo Limo, which is produced in Pinellas County. The company is recommending a very small public-private partnership. It was attractive enough for Moran to run the numbers. "I projected start-up costs and operating costs offset by income," Moran told the DID board on Tuesday, March 4. "The cost is get- ting within the realm of possibility." THE PLAN Moran suggests eight of the Largo Limos would be sufficient to move people to and from downtown hotels. The vehicles would require a secure facility for recharging, and uniforms for the drivers would be needed (Florida casual, of course: monogrammed T-shirts and hats). Add some office equipment and the cost to prepare the legal documenta- tion, and he estimates it would require about $21,200 in "startup capital funding." The eight vehicles themselves could be leased for $46,087 under a five-year contract. Insurance, maintenance and repairs would push the hardware side of the equation to $85,837. The administrative expense would run approximately $113,000 — for a manager One of the new hotels planned in downtown Sarasota — Hotel Sarasota — will go up next to the Palm Avenue parking garage. Photo by Norman Schimmel Sarasota News Leader March 7, 2014 Page 67

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