FY2024 Proposed Budget

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

2023 2027 thru

Department FIRE

Contact Scott Lyon

Type Multi-Phase

Z4406

Project #

Useful Life 16 years

Project Name Fire Apparatus Replacement Program

Category Fire

Priority Critical (1)

MATCH % VARIES GRANTEE U OF I

TIF DISTRICT None PLAN None

Status Active

Total Project Cost: $7,171,000

Description To ensure an operational fleet of frontline and reserve fire response vehicles

Justification This revision realigns the CIP with the ICFD's replacement program. The replacement program uses a wear-based scoring algorythm, and by department policy assumes a life of fifteen years for heavy apparatus. Fire engines serve in frontline capacity for 9 years, and reserve staus for 7 years. The aerial ladder apparatus which is currently scheduled for replacement in FY24 remains in good condition and can be delayed until FY26; the Fleet Manager and ICFD request the replacement of 3 fire engines in FY24. It should be noted that apparatus manufacturing timelines have recently been extended to two years from time of specification. Fire engines ordered in FY24 likely will not be received until FY25. While new market parameters for apparatus purchase are uncertain, the City should prepare for conveying payments across two fiscal years - likely when the chassis is paid for, and finally when the apparatus is received.

Prior

Expenditures

Total

2023

2024

2025

2026

2027

3,300,000 3,300,000

1,550,000 1,550,000

4,850,000 4,850,000

2,321,000

EQUIPMENT

Total

Total

Prior

Funding Sources

Total

2023

2024

2025

2026

2027

1,800,000

1,400,000

3,200,000

2,321,000

GO BONDS-ESSENTIAL PURPOSE UNIVERSITY OF IOWA

Total

1,500,000 3,300,000

150,000

1,650,000 4,850,000

1,550,000

Total

Budget Impact/Other The operating expenses for the City should decrease due to the replacement of older equipment with newer equipment. The estimated decrease in operating expenses is less than $10,000. 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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