2022-2026 Capital Improvement Program.pdf

Contact Melissa Clow Depar tment PUBLIC WORKS

S3955

Pr oject #

Pr oject Name N. Gilber t Str eet Reconstr uction

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 Reconstruct N. Gilbert Street from Brown Street to the construction limits of the Gateway project just south of Kimball Road. Improvements to include new water main, sanitary sewer, storm sewer, PCC roadway paving and sidewalks on both sides of the roadway. Justification Gilbert Street requires full reconstruction at this time. There is no storm sewer between Brown Street and the new intakes installed with the Gateway project. Sidewalks are located only at the top of the hill, near Brown Street and residents have requested that pedestrian connectivity be provided to them with the roadway improvements. Total Pr oject Cost: $1,437,000 Status Active

Expenditur es

Total

2022

2023

2024

2025

2026

150,000 50,000

150,000 50,000 800,000 105,000 32,000 300,000

PLANNING/DESIGN

LAND/ROW ACQUISITION

800,000 105,000 32,000 300,000

CONSTRUCTION

INSPECTION

ADMINISTRATION CONTINGENCY

200,000

1,237,000

1,437,000

Total

Funding Sour ces

Total

2022

2023

2024

2025

2026

1,437,000

1,437,000

GO BONDS-ESSENTIAL PURPOSE

1,437,000

1,437,000

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.

595