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HomeMy WebLinkAbout041409 ECONIMIC VITATLITY Second Year Update FY 2009-10 Economic Vitality CIP Section Steve Herbert, Deputy City Manager Warren D. Harris, Director of Economic Development Tuesday, April 14, 2009 Types of Projects Funded for FY 2009-10 Economic Development & Tourism CIP - $20.9 Million Expansion, 71.8% New Facility, 28.2% Funding Highlights Funding for Oceana & Interfacility Traffic Area ? Conformity and Acquisition $15,000,000 (Expansion) Rudee Inlet Connector Walk $260,000 (New Facility ? Construction) Strategic Growth Area Program $3,500,000 (New ? Facility) Economic Development Investment Program ? $2,078,166 (New Facility) Changes from Original FY10 Budget Restores full funding for the Economic ? Development Investment Program Fund. Moves $500,000 from Operating Budget to the ? Capital Improvements Budget for the Strategic Growth Area funding. Rudee Inlet Connector Walk $260,000 new facility ? construction project.