2022-2026 Capital Improvement Program.pdf
Contact Jason Havel Depar tment PUBLIC WORKS
S3950
Pr oject #
Pr oject Name Rochester Ave Reconst- Fir st Ave. to Ralston Cr eek
Type One Phase
Useful Life 50 years
MATCH % NONE GRANTEE NONE
TIF DISTRICT None PLAN None
Categor y Street Operations
Pr ior ity Essential (2)
Description Reconstruction of Rochester Avenue from First Avenue to the bridge over Ralston Creek. The project will include intersection improvements at First Avenue, new street paving, sidewalk, utility improvements and other associated work. This project will also include water pressure zoning improvements at First Avenue. Justification Rochester Avenue is an important arterial within Iowa City, and the street pavement is in poor condition. The project will also provide utility upgrades, sidewalk infill, ADA curb ramp, and water pressure zone improvements within the project area. Total Pr oject Cost: $7,000,000 Status Active
Expenditur es
Total
2022
2023
2024
2025
2026
Pr ior
50,000 150,000
50,000 150,000
PLANNING/DESIGN
650,000
LAND/ROW ACQUISITION
Total
5,400,000
5,400,000
CONSTRUCTION
250,000 250,000 250,000
250,000 250,000 250,000
INSPECTION
ADMINISTRATION CONTINGENCY
6,350,000
6,350,000
Total
Pr ior
Funding Sour ces
Total
2022
2023
2024
2025
2026
650,000
6,350,000
6,350,000
GO BONDS-ESSENTIAL PURPOSE
Total
6,350,000
6,350,000
Total
Budget Impact/Other Replacing aged infrastructure will lower the City's operating expenditures through decreased maintenance costs. The estimated decrease in operating expenses 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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