FY2022
Contact Jason Havel Department PUBLIC WORKS
S3950
Project #
Project Name Rochester Ave Reconst- First Ave. to Ralston Creek
Type One Phase
Useful Life 50 years
GRANTEE NONE
PLAN None
Category Street Operations
MATCH % NONE
TIF DISTRICT None
Priority Essential (2)
Description Reconstruction of Rochester Avenue from First Avenue to the bridge over Ralston Creek. The project will include new street paving, sidewalk, utility improvements and other associated work. Justification Rochester Avenue is an important arterial within Iowa City, and the street pavement is in poor condition. The project will also provide utility upgrades, sidewalk infill and ADA curb ramp improvements within the project area. Total Project Cost: $6,400,000 Status Active
Expenditures CONSTRUCTION
Total
2021
2022
2023
2024
2025
Prior
5,000,000
5,000,000
650,000
INSPECTION
250,000
250,000
Total
ADMINISTRATION CONTINGENCY
250,000
250,000
250,000
250,000
5,750,000
5,750,000
Total
Prior
Funding Sources
Total
2021
2022
2023
2024
2025
GO BONDS-ESSENTIAL PURPOSE
650,000
5,750,000
5,750,000
Total
5,750,000
5,750,000
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 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.
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