FY2022
Contact Jason Havel Department PUBLIC WORKS
S3952
Project #
Project Name Dodge Street Reconstruct - Governor to Burlington
Type One Phase
Useful Life 50 years
GRANTEE IDOT
PLAN None
Category Street Operations
MATCH % 35%
TIF DISTRICT None
Priority Essential (2)
Description Reconstruction of Dodge Street from Governor Street to Burlington Street. This will be a joint project with the DOT, and will include new street pavement, sidewalk, utility improvements and other associated work. 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. Justification This section of Dodge Street is in poor condition and requires significant ongoing maintenance. A functional design is currently underway for the project. Total Project Cost: $17,117,000 Status Active
Expenditures
Total
2021
2022
2023
2024
2025
Prior
PLANNING/DESIGN
1,250,000
1,250,000
117,000
LAND/ROW ACQUISITION
50,000
50,000
Total
CONSTRUCTION
13,200,000
13,200,000
INSPECTION
350,000
350,000
ADMINISTRATION CONTINGENCY
350,000
350,000
1,800,000
1,800,000
1,250,000
15,750,000
17,000,000
Total
Prior
Funding Sources FEDERAL GRANTS
Total
2021
2022
2023
2024
2025
117,000
3,750,000
3,750,000
GO BONDS-ESSENTIAL PURPOSE OTHER STATE GRANTS
2,400,000
2,400,000
Total
1,000,000
9,850,000
10,850,000
1,000,000
16,000,000
17,000,000
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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