FY2022
Contact Scott Sovers Department PUBLIC WORKS
S3940
Project #
Project Name Kirkwood Avenue to Capitol Street Connection
Type One Phase
Useful Life 50 years
GRANTEE NONE
PLAN Riverfront Crossings Master Pla
Category Street Operations
MATCH % NONE
TIF DISTRICT Riverfront Crossings
Priority Essential (2)
Description This project would extend Capitol Street and Kirkwood Avenue as a part of the Riverfront Crossing area improvements. The project also includes replacement of the 12-inch water main on Capitol Street between Benton Street and the railroad to the north, water main improvements at the Benton and Clinton intersection and removal of the railroad spur across Benton Street. Justification The extensions of these streets plays an important part in the overall development of the Riverfront Crossings area. It will also improve access and traffic circulation in this area. This project does not include any costs necessary for property acquisitions. Total Project Cost: $3,100,000 Status Active
Future
Expenditures
Total
2021
2022
2023
2024
2025
PLANNING/DESIGN
3,000,000
100,000
100,000
100,000
100,000
Total
Total
Future
Funding Sources
Total
2021
2022
2023
2024
2025
GO BONDS-ESSENTIAL PURPOSE
3,000,000
100,000
100,000
Total
100,000
100,000
Total
Budget Impact/Other Ongoing maintenance of new poles and lighting units. Existing lights are being maintained, and new lights would likely require less maintenance in the future as compared to the existing lights. Estimated annual operating expenditures 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 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.
560
Made with FlippingBook flipbook maker