2022-2026 Capital Improvement Program.pdf

Contact Geoff Fruin Depar tment PUBLIC WORKS

S3939

Pr oject #

Pr oject Name Dubuque Str eet Reconstr uction

Type One Phase

Useful Life 50 years

MATCH % NONE GRANTEE NONE

PLAN Downtown Streetscape Plan

Categor y Street Operations

TIF DISTRICT City-University

Pr ior ity Critical (1)

Description This project is part of the downtown streetscape master plan. This project reconstructs Dubuque Street from Washington to Iowa Avenue. The project also improves sidewalk pavement, addresses critical utility updates, and enhances the retail environment with streetscape components. Project also includes alley improvements, lighting, and wayfinding. Justification Dubuque Street is an important link in Downtown as is often the entry way for visitors into the area. The project will narrow the road creating a more pedestrian friendly environment and allowing for enhanced retail areas. Total Pr oject Cost: $3,000,000 Status Active

Expenditur es

Total

2022

2023

2024

2025

2026

300,000

300,000

PLANNING/DESIGN CONSTRUCTION

2,100,000

2,100,000

200,000 400,000

200,000 400,000

INSPECTION

CONTINGENCY

300,000

2,700,000

3,000,000

Total

Funding Sour ces

Total

2022

2023

2024

2025

2026

3,000,000

3,000,000

GO BONDS-ESSENTIAL PURPOSE

3,000,000

3,000,000

Total

Budget Impact/Other This project should reduce operating expenditures due to the replacement of infrastructure in poor condition. The anticipated annual savings 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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