2022-2026 Capital Improvement Program.pdf
Contact Jason Havel Depar tment PUBLIC WORKS
S3979
Pr oject #
Pr oject Name South Dubuque St Reconstr uction - Wr ight to Benton
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 Reconsturction of South Dubuque Street from Wright St to Benton St. The project will include new street paving, sidewalks, utility improvements and other associated work. Justification South Dubuque St is in poor condition and has been indentified as a good candidate for reconstruction by the Pavement Management Program. Total Pr oject Cost: $1,850,000 Status Active
Expenditur es
Total
2022
2023
2024
2025
2026
150,000 50,000
150,000 50,000
PLANNING/DESIGN
LAND/ROW ACQUISITION
1,300,000
1,300,000
CONSTRUCTION
100,000 50,000 150,000
100,000 100,000 150,000
INSPECTION
50,000
ADMINISTRATION CONTINGENCY
250,000
1,600,000
1,850,000
Total
Funding Sour ces
Total
2022
2023
2024
2025
2026
1,850,000
1,850,000
GO BONDS-ESSENTIAL PURPOSE
1,850,000
1,850,000
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 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.
604
Made with FlippingBook. PDF to flipbook with ease