FY2023 Adopted Budget

PUBLIC WORKS

Department

S3978

Project #

Melissa Clow

Contact

Project Name Riverside Dr. Pedestrian Bridge at Iowa Ave Rehab

One Phase

Type

10 years

Useful Life

GRANTEE IDOT

PLAN None

Street Operations

Category

MATCH % 25%

TIF DISTRICT None

Critical (1)

Priority

Description This project will provide repairs to the existing pedestrian overpass, including removal of loose / delaminated material at risk of falling and the application of a corrosive inhibiting coating to protect the exposed areas and match the appearance of the surrounding concrete. Justification A condition assessment of the Pedestrian Bridge was completed in the Spring of 2021 and a rehabilitation project was recommended. Loose material and delaminated concrete was identified. This presents a hazard to vehicles and pedestrians under the structure. Total Project Cost: $1,300,000 Status Active

Expenditures

Total

2022

2023

2024

2025

2026

PLANNING/DESIGN

100,000

100,000

CONSTRUCTION

75,000

950,000

1,025,000

INSPECTION

15,000

50,000

65,000

ADMINISTRATION

35,000

25,000

60,000

CONTINGENCY

50,000

50,000

225,000

1,075,000

1,300,000

Total

Funding Sources

Total

2022

2023

2024

2025

2026

GO BONDS-ESSENTIAL PURPOSE

325,000

325,000

OTHER STATE GRANTS

650,000

650,000

UNIVERSITY OF IOWA

325,000

325,000

1,300,000

1,300,000

Total

Budget Impact/Other This project will reduce maintenance costs through the rehabilitation of an older structure. A more complex rehabilitation project is recommended prior to the end of its current life expectancy and would to further extend the life of the pedestrian bridge by 30 years. The annual savings 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 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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