FY2023 Adopted Budget
PARKS & RECREATION
Department
R4229
Project #
Juli Seydell-Johnson
Contact
Project Name City Park Pool Replacement
One Phase
Type
40 Years
Useful Life
GRANTEE NONE
PLAN Recreation Master Plan
Recreation
Category
MATCH % NONE
TIF DISTRICT None
Efficiency Improvement (3)
Priority
Total Project Cost: $6,000,000
Description Replace City Park Pool with new outdoor swimming pool and bathhouse.
Active
Status
Justification City Park Pool is an Iowa City landmark and tradition. However, due to its advancing age it will need to be replaced with a more modern facility.
Expenditures
Total
2022
2023
2024
2025
2026
PLANNING/DESIGN
500,000
500,000
CONSTRUCTION
5,000,000
5,000,000
CONTINGENCY
500,000
500,000
500,000
5,500,000
6,000,000
Total
Funding Sources
Total
2022
2023
2024
2025
2026
FACILITY REPLACEMENT RESERVE GO BONDS-GENERAL PURPOSE
500,000
4,800,000
5,300,000
700,000
700,000
500,000
5,500,000
6,000,000
Total
Budget Impact/Other This project will increase annual operating expenditures for insurance and utilities, but will also require lower maintenance and upkeep. The net increase in operating expenditures is estimated between $15,000 and $25,000 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.
549
Made with FlippingBook - Online Brochure Maker