FY2022
Contact Juli Seydell-Johnson Department PARKS & RECREATION
R4229
Project #
Project Name City Park Pool Replacement
Type One Phase
Useful Life 40 Years
GRANTEE NONE
PLAN Recreation Master Plan
Category Recreation
MATCH % NONE
TIF DISTRICT None
Priority Efficiency Improvement (3)
Total Project Cost: $6,000,000
Description Replace City Park Pool with new outdoor swimming pool and bathhouse.
Status Active
Justification City Park Pool is an Iowa City landmark and tradition. However, due to its advancing age it will need to be replaced with a more modern facility.
Expenditures
Total
2021
2022
2023
2024
2025
PLANNING/DESIGN CONSTRUCTION
100,000
400,000
500,000
5,000,000
5,000,000
CONTINGENCY
500,000
500,000
100,000
5,900,000
6,000,000
Total
Funding Sources GO BONDS-GENERAL PURPOSE
Total
2021
2022
2023
2024
2025
6,000,000
6,000,000
6,000,000
6,000,000
Total
Budget Impact/Other This project will increase annual operating expenditures for insurance and utilities, but will also require lower maintenance and upkeep. The net increase in operating expenditures is estimated between $15,000 and $25,000 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.
517
Made with FlippingBook flipbook maker