FY2024 Proposed Budget

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

2023 2027 thru

Department PARKS & RECREATION

Contact Juli Seydell-Johnson

Type One Phase

R4359

Project #

Useful Life 20 years

Project Name Kiwanis Park Playground & Shelter Renovation

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Total Project Cost: $350,000

Description Renovate Nature Play Area, replace shelter, add accessible paths and opportunities for creek access at Kiwanis Park.

Justification Kiwanis playground was installed in 1999. The 2017 Park Master Plan prioritizes renovation of the nature play area, shelter and accessible paths.

Expenditures

Total

2023

2024

2025

2026

2027

30,000 280,000

30,000 280,000

PLANNING/DESIGN CONSTRUCTION

5,000 5,000

5,000 5,000

INSPECTION

ADMINISTRATION CONTINGENCY

30,000 350,000

30,000 350,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

350,000

350,000

GO BONDS-ESSENTIAL PURPOSE

350,000

350,000

Total

Budget Impact/Other No impact on operating budget as these are replacements for current facilities.

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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