FY2022
Contact Jason Havel Department PUBLIC WORKS
S3965
Project #
Project Name Fairchild 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 includes the reconstruction of two blocks of brick street along Fairchild Street from Clinton Street to Linn Street. Total Project Cost: $1,400,000
Status Active
Justification The pavement condition in these areas is poor, and several areas have utilities that are in need of repair/replacement, which is contributing to the deterioration of the street.
Expenditures
Total
2021
2022
2023
2024
2025
PLANNING/DESIGN CONSTRUCTION
100,000
100,000
1,100,000
1,100,000
INSPECTION
50,000
50,000
ADMINISTRATION CONTINGENCY
50,000
50,000
100,000
100,000
100,000
1,300,000
1,400,000
Total
Funding Sources
Total
2021
2022
2023
2024
2025
GO BONDS-ESSENTIAL PURPOSE
1,400,000
1,400,000
1,400,000
1,400,000
Total
Budget Impact/Other Estimated savings in operating expenses 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 Wastewater 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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