FY2022
Contact Jason Reichart Department PUBLIC WORKS
S3954
Project #
Project Name Orchard Street Reconstruction
Type One Phase
Useful Life 50 years
GRANTEE NONE
PLAN None
Category Street Operations
MATCH % NONE
TIF DISTRICT None
Priority Essential (2)
Description This project will reconstruct Orchard Street from Benton Street to US Highway 1. Project includes 26 foot wide PCC street and a 5 foot wide sidewalk on one side of the street, new 8" DIP water main from Douglas to US Highway 1 and storm sewer improvements. Total Project Cost: $1,210,000 Status Active
Justification Orchard Street is deteriorating beyond the point of rehabilitation and needs to be reconstructed.
Expenditures CONSTRUCTION
Total
2021
2022
2023
2024
2025
Prior
710,000
710,000
185,000
INSPECTION
90,000
90,000
Total
ADMINISTRATION CONTINGENCY
45,000
45,000
180,000
180,000
1,025,000
1,025,000
Total
Funding Sources
Total
2021
2022
2023
2024
2025
GO BONDS-ESSENTIAL PURPOSE
1,210,000
1,210,000
1,210,000
1,210,000
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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