FY2023 Adopted Budget

PUBLIC WORKS

Department

S3955

Project #

Melissa Clow

Contact

Project Name N. Gilbert Street Reconstruction

One Phase

Type

50 years

Useful Life

GRANTEE NONE

PLAN None

Street Operations

Category

MATCH % NONE

TIF DISTRICT None

Essential (2)

Priority

Description Reconstruct N. Gilbert Street from Brown Street to the construction limits of the Gateway project just south of Kimball Road. Improvements to include new water main, sanitary sewer, storm sewer, PCC roadway paving and sidewalks on both sides of the roadway. Justification Gilbert Street requires full reconstruction at this time. There is no storm sewer between Brown Street and the new intakes installed with the Gateway project. Sidewalks are located only at the top of the hill, near Brown Street and residents have requested that pedestrian connectivity be provided to them with the roadway improvements. Total Project Cost: $1,437,000 Status Active

Expenditures

Total

2022

2023

2024

2025

2026

PLANNING/DESIGN

150,000

150,000

LAND/ROW ACQUISITION

50,000

50,000

CONSTRUCTION

800,000

800,000

INSPECTION

105,000

105,000

ADMINISTRATION

32,000

32,000

CONTINGENCY

300,000

300,000

200,000

1,237,000

1,437,000

Total

Funding Sources

Total

2022

2023

2024

2025

2026

GO BONDS-ESSENTIAL PURPOSE

1,437,000

1,437,000

1,437,000

1,437,000

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.

595