FY2023 Adopted Budget

PUBLIC WORKS

Department

S3959

Project #

Jason Havel

Contact

Project Name Taft Avenue Reconstruct - Am Legion to Lwr West Br

One Phase

Type

50 years

Useful Life

GRANTEE NONE

PLAN None

Street Operations

Category

MATCH % NONE

TIF DISTRICT None

Essential (2)

Priority

Description Reconstruction of Taft Avenue from American Legion Road to Lower West Branch. Design of this project would begin in 2022 with construction to begin in 2025. Justification The properties west of Taft Avenue between Lower West Branch Road and American Legion Road are now fully developed. With the construction of the new Hoover School and the upcoming American Legion Road and Scott Boulevard trunk sewer extension projects, the area will likely experience growth in the next five to ten years necessitating improvements to Taft Avenue. Total Project Cost: $11,000,000 Status Active

Expenditures

Total

2022

2023

2024

2025

2026

PLANNING/DESIGN

1,000,000

1,000,000

CONSTRUCTION

10,000,000

10,000,000

1,000,000

10,000,000

11,000,000

Total

Funding Sources

Total

2022

2023

2024

2025

2026

FEDERAL GRANTS

3,500,000

3,500,000

GO BONDS-ESSENTIAL PURPOSE

7,500,000

7,500,000

11,000,000

11,000,000

Total

Budget Impact/Other This project will add infrastructure into the City which will incrementally increase the City's operating costs. The estimated increase in operating expenditures 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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