FY2023 Adopted Budget

2022 • Chadek Green Park improvements • Court Hill Park improvements • North Westminster Storm Sewer • Parking ramp automated equipment • Senior Center exterior improvements 2023 • Kiwanis Park improvements • Gilbert Street Bridge replacement • Hunter’s Run Park improvements • Willow Creek Trail replacement • Landfill Cell development 2024 • Equipment Maintenance building replacement • Palisades or Stone Bridge Park • Lower City Park shelters & restroom • Terrell Mill Skate Park redevelopment 2025 • City Park pool replacement • Senior Center interior improvements

• Whispering Meadows Ecological Restoration • Rochester Avenue reconstruction (First Ave to Ralston Creek) • Fairchild Street Reconstruction

• Dubuque Street reconstruction • Iowa Avenue Bridge rehabilitation • Riverside Dr. pedestrian bridge rehab • Wastewater Digester Complex rehab • Rohret South Sewer expansion

• College Green Playground Replacement • River Street Storm Sewer improvements

• Court Street Reconstruction • Fire Apparatus Replacement

• North Gilbert Street reconstruction • Airport Apron Expansion • Upper City Park improvements • Hickory Hill Park shelters and restrooms

• Dodge Street reconstruction • Park Road reconstruction

2026 • Library furnishings replacement

• Melrose Water Main • N. Market Square playground • S. Dubuque St. reconstruction • Market & Jefferson two-way conversion

• Highway 6 trail extension • Taft Avenue reconstruction • Napoleon Park softball field renovation

Debt Service Staff is projecting general obligation bond issues of $10.3 million in both Fiscal Year 2023 and Fiscal Year 2024, including 2% for bond issuance costs. The use of general obligation bonds is required to carry out the projects that are being recommended. This level of bonding projected is well below the thresholds established by the State and is consistent with Iowa City’s debt policies.

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