2022-2026 Capital Improvement Program.pdf

Contact Juli Seydell-Johnson Depar tment PARKS & RECREATION

R4350

Pr oject #

Pr oject Name Chadek Gr een Par k Playgr ound & and Shelter

Type One Phase

Useful Life 20 years

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

Categor y Parks Maintenance

TIF DISTRICT None

Pr ior ity Essential (2)

Description Build picnic shelter, playground, accessible paths and parking at Chadek Green Park community gardens. Justification The 2017 Park Master Plan recommends these park improvement projects to address park needs in the community. Total Pr oject Cost: $450,000

Status Active

Expenditur es CONSTRUCTION

Total

2022

2023

2024

2025

2026

Pr ior

350,000 10,000 30,000 390,000

350,000 10,000 30,000 390,000

60,000

INSPECTION

Total

CONTINGENCY

Total

Funding Sour ces

Total

2022

2023

2024

2025

2026

450,000

450,000

GO BONDS-ESSENTIAL PURPOSE

450,000

450,000

Total

Budget Impact/Other This project will increase the annual operating expenditures due to the additional restroom, shelter and playground. The estimated increase is less than $10,000 per year. This serves as a declaration of official intent under Treasury Regulation 1.150-2 that it is reasonably expected that capital expenditures will be made in respect of the above-described project, such expenditures to be advanced from the Capital Projects fund, and the City reasonably expects to reimburse all or a portion of the expenditures with the proceeds of bonds, notes or other indebtedness to be issued or incurred by the City in the future.

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