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The second topic at the workshop will be an update on $149 million in scheduled cap- ital improvement projects in the next five years. The total does not include Utilities Department capital projects, which will be presented at a later time. The effort is part of the city's annual budget process, as revenues can be variable (including the penny sales tax, impact fees, user fees and others). Staff is suggesting reapportioning $1.2 mil- lion, mostly from tax-increment financing funds, to support improvements to the Rev. Dr. Martin Luther King Jr. Way from U.S. 301 to Cocoanut Avenue and along Orange Avenue from 19th to 32nd streets. "Economic devel- opment" is given as the reason. An additional $1 million in proposed new proj- ects includes about $300,000 for Information Technology Department infrastructure, $125,000 for sidewalk repairs between Orange and Lemon avenues along Main Street and $90,000 for additional sidewalk repairs throughout the city. Because capital improvement initiatives entail long-range planning, this budget process proj- ects city needs over the next five years. It includes new sources of funding. For exam- ple, the "multimodal impact fee" is assumed to be implemented in it. Funds from that source show up in the Fiscal Year 2015-2016 capital plan, including $200,000 for improve- ments on Alderman Street between Palm and Orange avenues. More than $800,000 is bud- geted for maintenance and improvements at the Van Wezel Performing Arts Hall over the next five years. % The future of the Lido Pool will be discussed Monday. Photo by Norman Schimmel Sarasota News Leader May 16, 2014 Page 69

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