2022-2026 Capital Improvement Program.pdf
Contact Jason Havel Depar tment PUBLIC WORKS
S3965
Pr oject #
Pr oject Name Fair child 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 This project includes the reconstruction of two blocks of brick street along Fairchild Street from Clinton Street to Linn Street. Total Pr oject Cost: $1,450,000
Status Active
Justification The pavement condition in these areas is poor, and several areas have utilities that are in need of repair/replacement, which is contributing to the deterioration of the street.
Expenditur es
Total
2022
2023
2024
2025
2026
Pr ior
50,000
50,000
PLANNING/DESIGN CONSTRUCTION
100,000
1,100,000
1,100,000
Total
50,000 50,000 100,000
50,000 50,000 100,000
INSPECTION
ADMINISTRATION CONTINGENCY
1,350,000
1,350,000
Total
Funding Sour ces
Total
2022
2023
2024
2025
2026
1,450,000
1,450,000
GO BONDS-ESSENTIAL PURPOSE
1,450,000
1,450,000
Total
Budget Impact/Other Estimated savings in operating expenses are 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 Wastewater 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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