FY2023 Adopted Budget
PUBLIC WORKS
Department
S3965
Project #
Jason Havel
Contact
Project Name Fairchild 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 This project includes the reconstruction of two blocks of brick street along Fairchild Street from Clinton Street to Linn Street. Total Project Cost: $1,450,000
Active
Status
Justification The pavement condition in these areas is poor, and several areas have utilities that are in need of repair/replacement, which is contributing to the deterioration of the street.
Expenditures
Total
2022
2023
2024
2025
2026
Prior
PLANNING/DESIGN
50,000
50,000
100,000
CONSTRUCTION
1,100,000
1,100,000
Total
INSPECTION
50,000
50,000
ADMINISTRATION
50,000
50,000
CONTINGENCY
100,000
100,000
1,350,000
1,350,000
Total
Funding Sources
Total
2022
2023
2024
2025
2026
GO BONDS-ESSENTIAL PURPOSE
1,450,000
1,450,000
1,450,000
1,450,000
Total
Budget Impact/Other Estimated savings in operating expenses 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 Wastewater 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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