FY2023 Adopted Budget

PUBLIC WORKS

Department

S3940

Project #

Scott Sovers

Contact

Project Name Kirkwood Avenue to Capitol Street Connection

One Phase

Type

50 years

Useful Life

GRANTEE NONE

PLAN Riverfront Crossings Master Pla

Street Operations

Category

MATCH % NONE

TIF DISTRICT Riverfront Crossings

Essential (2)

Priority

Description This project would extend Capitol Street and Kirkwood Avenue as a part of the Riverfront Crossing area improvements. The project also includes replacement of the 12-inch water main on Capitol Street between Benton Street and the railroad to the north, water main improvements at the Benton and Clinton intersection and removal of the railroad spur across Benton Street. Justification The extensions of these streets plays an important part in the overall development of the Riverfront Crossings area. It will also improve access and traffic circulation in this area. This project does not include any costs necessary for property acquisitions. Total Project Cost: $3,100,000 Status Active

Future

Expenditures

Total

2022

2023

2024

2025

2026

3,000,000

PLANNING/DESIGN

100,000

100,000

100,000

100,000

Total

Total

Future

3,100,000

Total

Budget Impact/Other Ongoing maintenance of new poles and lighting units. Existing lights are being maintained, and new lights would likely require less maintenance in the future as compared to the existing lights. Estimated annual operating expenditures 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 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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