2022-2026 Capital Improvement Program.pdf

Contact Jason Havel Depar tment PUBLIC WORKS

S3956

Pr oject #

Pr oject Name Gilber t Str eet Br idge Replacement

Type One Phase

Useful Life 50 years

MATCH % 60% GRANTEE IDOT

TIF DISTRICT None PLAN None

Categor y Street Operations

Pr ior ity Critical (1)

Description This project will replace the existing Gilbert Street bridge over Ralston Creek. In addition, the project will include removal and replacement of slope protection, sidewalk, storm sewer and street pavement, and other related work. Justification The 2017 Biennial Bridge Inspection Program identified advanced deterioration of the deck and super structure on the Gilbert Street bridge. The Program recommended the bridge be scheduled for significant repairs or replacement. Total Pr oject Cost: $3,300,000 Status Active

Expenditur es CONSTRUCTION

Total

2022

2023

2024

2025

2026

Pr ior

2,600,000

2,600,000

175,000

150,000 75,000 300,000

150,000 75,000 300,000

INSPECTION

Total

ADMINISTRATION CONTINGENCY

3,125,000

3,125,000

Total

Funding Sour ces FEDERAL GRANTS

Total

2022

2023

2024

2025

2026

1,000,000 2,300,000

1,000,000 2,300,000

GO BONDS-ESSENTIAL PURPOSE

3,300,000

3,300,000

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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