FY2023 Adopted Budget
PUBLIC WORKS
Department
S3956
Project #
Jason Havel
Contact
Project Name Gilbert Street Bridge Replacement
One Phase
Type
50 years
Useful Life
GRANTEE IDOT
PLAN None
Street Operations
Category
MATCH % 60%
TIF DISTRICT None
Critical (1)
Priority
Description This project will replace the existing Gilbert Street bridge over Ralston Creek. In addition, the project will include removal and replacement of slope protection, sidewalk, storm sewer and street pavement, and other related work. Justification The 2017 Biennial Bridge Inspection Program identified advanced deterioration of the deck and super structure on the Gilbert Street bridge. The Program recommended the bridge be scheduled for significant repairs or replacement. Total Project Cost: $3,300,000 Status Active
Expenditures
Total
2022
2023
2024
2025
2026
Prior
CONSTRUCTION
2,600,000
2,600,000
175,000
INSPECTION
150,000
150,000
Total
ADMINISTRATION
75,000
75,000
CONTINGENCY
300,000
300,000
3,125,000
3,125,000
Total
Funding Sources
Total
2022
2023
2024
2025
2026
FEDERAL GRANTS
1,000,000
1,000,000
GO BONDS-ESSENTIAL PURPOSE
2,300,000
2,300,000
3,300,000
3,300,000
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.
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