2024 Sarasota County Annual Comprehensive Financial Report

Sarasota County, Florida State Infrastructure Bank Loan Continuing Disclosure September 30, 2024 SIB Project Information The completion date of the project has moved approximately 2 years from roughly November 2024 to November 2026. The reasons for that are summarized as follows: Granted 72 days for Holidays as outlined in the Construction contract. Granted 125 days for Weather impacts as outlined in the Construction contract. Granted 523 days for scope additions that impacted the schedule. Granted 14 days for added right-hand turn lanes. Granted 509 days to plan, design and construct an additional northbound and southbound lane of capacity from Center Road to the northern project limits (near I-75). This change will create a 6-lane section within these limits where a 4-lane section was to be provided in the original construction contract. 415

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