2022-2026 Capital Improvement Program.pdf

Contact Scott Sovers Depar tment PUBLIC WORKS

S3963

Pr oject #

Pr oject Name Bur lington Str eet Br idge Replacement

Type One Phase

Useful Life 75 years

MATCH % VARIES GRANTEE STP

TIF DISTRICT None PLAN None

Categor y Street Operations

Pr ior ity Critical (1)

Description This project will replace both the eastbound and westbound Burlington Street bridges with one new bridge over the Iowa River. In addition, the project will investigate the feasibililty of eliminating the dam as well as the realignment of Grand Avenue west of Riverside Drive. This project will be a joint project with the DOT. Justification The 2019 biennial bridge inspection program identified advanced detorioration of the sub and super structures on the Burlington Street Bridges. The program recommended the bridge to be scheduled for replacement. Total Pr oject Cost: $19,050,000 Status Active

Futur e

Expenditur es

Total

2022

2023

2024

2025

2026

Pr ior

18,000,000

750,000 750,000

750,000 750,000

PLANNING/DESIGN

300,000

Total

Total

Total

Pr ior

Futur e

300,000

18,750,000

Total

Total

Budget Impact/Other Operating expenses are expected to be minimal or decrease, as this will be replacing aged infrastructure that has reached the end of its useful life. 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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