C4B - Consider $4m for 100 Block Lincoln Rd

Referral To The June 29, 2023 Finance And Economic Resiliency Committee Budget Briefing, To Consider Allocating $4 Million From The Fiscal Year 2023 General Fund Budget Surplus To Be Earmarked For The City’s Contribution To The Proposed Improvements On The 100 Block Of Lincoln Road, Including Upgraded Water And Sewer Infrastructure, Pedestrian And Streetscape Improvements To Enhance Public Safety And Public Beach Access As Part Of The Redevelopment Project To Be Constructed By The Owners Of The Ritz Carlton And Sagamore Hotels (the 100 Block Project), With The Expenditure Of The Funds Subject To And Contingent Upon City Commission Approval Of The Proposed Agreements For The 100 Block Project.