FY2024 Proposed Budget

Capital Improvement Plan 2023-2027 City of Iowa City, Iowa

2023 2027 thru

Department AIRPORT

Contact Michael Tharp

Type One Phase

A3478

Project #

Useful Life 50 years Category Airport

Project Name Terminal Building Remodel/Reconstruction

Priority Essential (2)

MATCH % GRANTEE FAA

TIF DISTRICT PLAN

Status Active

Description This project would take the information from the terminal space study to either remodel the existing structure, or construct a new terminal building at the Iowa City Airport. Total Project Cost: $3,300,000

Justification The current terminal building was built in 1951. It no longer has space for existing companies/users to grow or to allow for additional companies to operate. The energy efficiency of the building is also unable to be updated without significant investments. This project would target BIL Terminal program funds with a 95% FAA match if awarded. The numbers included here are placeholders assuming the extreme end of the replacement spectrum

Expenditures

Total

2023

2024

2025

2026

2027

300,000

300,000

PLANNING/DESIGN CONSTRUCTION

3,000,000 3,300,000

3,000,000 3,300,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

165,000

165,000

AIRPORT FUND

3,135,000 3,300,000

3,135,000 3,300,000

FEDERAL GRANTS

Total

Budget Impact/Other Energy efficiencies in either a remodel or reconstruction could reduce maintenance and utility costs.

544