2022-2026 Capital Improvement Program.pdf

Contact Melissa Clow Depar tment PUBLIC WORKS

S3978

Pr oject #

Pr oject Name River side Dr . Pedestr ian Br idge at Iowa Ave Rehab

Type One Phase

Useful Life 10 years

MATCH % 25% GRANTEE IDOT

TIF DISTRICT None PLAN None

Categor y Street Operations

Pr ior ity Critical (1)

Description This project will provide repairs to the existing pedestrian overpass, including removal of loose / delaminated material at risk of falling and the application of a corrosive inhibiting coating to protect the exposed areas and match the appearance of the surrounding concrete. Justification A condition assessment of the Pedestrian Bridge was completed in the Spring of 2021 and a rehabilitation project was recommended. Loose material and delaminated concrete was identified. This presents a hazard to vehicles and pedestrians under the structure. Total Pr oject Cost: $1,300,000 Status Active

Expenditur es

Total

2022

2023

2024

2025

2026

100,000 75,000 15,000 35,000

100,000

PLANNING/DESIGN CONSTRUCTION

950,000 50,000 25,000 50,000

1,025,000

65,000 60,000 50,000

INSPECTION

ADMINISTRATION CONTINGENCY

225,000

1,075,000

1,300,000

Total

Funding Sour ces

Total

2022

2023

2024

2025

2026

325,000

325,000

GO BONDS-ESSENTIAL PURPOSE OTHER STATE GRANTS UNIVERSITY OF IOWA

650,000 325,000

650,000 325,000

1,300,000

1,300,000

Total

Budget Impact/Other This project will reduce maintenance costs through the rehabilitation of an older structure. A more complex rehabilitation project is recommended prior to the end of its current life expectancy and would to further extend the life of the pedestrian bridge by 30 years. The annual savings 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 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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