FY2024 Proposed Budget

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

2023 2027 thru

Department FIRE

Contact Scott Lyon

Type One Phase

Z4411

Project #

Useful Life 40 Years

Project Name Fire Station #5 Construction and #3 Replacement

Category Fire

Priority Essential (2)

MATCH % NONE GRANTEE NONE

TIF DISTRICT None PLAN None

Status Active

Total Project Cost: $10,000,000

Description The project is to construct a new Fire Station #5 and construct a new replacement Fire Station #3.

Justification The City is continuing to grow and expand which increases to need to add fire stations and reposition them for the changes in the City coverage areas in order to meet demand and maintain appropriate response times.

Expenditures

Total

2023

2024

2025

2026

2027

500,000

500,000

PLANNING/DESIGN CONSTRUCTION

9,500,000 9,500,000

9,500,000 10,000,000

500,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

500,000

9,500,000

10,000,000

FACILITY REPLACEMENT RESERVE

500,000

9,500,000

10,000,000

Total

Budget Impact/Other Fire Station #5 will require new staffing, equipment, and facilities which will require considerable additional annual expenditures. The replacement of Fire Station #3 will most likely also increase annual operating expenditures even though it may be more efficient, it will require more costly insurance coverage and operating costs. The estimated increase in annual operating expenditures is $600,000 per year.

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