FY2023 Adopted Budget
PUBLIC WORKS
Department
S3979
Project #
Jason Havel
Contact
Project Name South Dubuque St Reconstruction - Wright to Benton
One Phase
Type
50 years
Useful Life
GRANTEE NONE
PLAN None
Street Operations
Category
MATCH % NONE
TIF DISTRICT None
Essential (2)
Priority
Description Reconsturction of South Dubuque Street from Wright St to Benton St. The project will include new street paving, sidewalks, utility improvements and other associated work. Justification South Dubuque St is in poor condition and has been indentified as a good candidate for reconstruction by the Pavement Management Program. Total Project Cost: $1,850,000 Status Active
Expenditures
Total
2022
2023
2024
2025
2026
PLANNING/DESIGN
150,000
150,000
LAND/ROW ACQUISITION
50,000
50,000
CONSTRUCTION
1,300,000
1,300,000
INSPECTION
100,000
100,000
ADMINISTRATION
50,000
50,000
100,000
CONTINGENCY
150,000
150,000
250,000
1,600,000
1,850,000
Total
Funding Sources
Total
2022
2023
2024
2025
2026
GO BONDS-ESSENTIAL PURPOSE
1,850,000
1,850,000
1,850,000
1,850,000
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 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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