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

R4363

Project #

Useful Life 20 years

Project Name Upper City Park Improvements

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Description In 2023, a Upper City Park master plan will be developed. In 2024, Upper City Park improvements will be constructed which may include demolition of four picnic shelters and one restroom in Upper City Park and replacement with one large and two small shelters and restroom facility. Total Project Cost: $600,000

Justification The shelters and restrooms in Upper City Park are quickly reaching the end of their serviceable life. This project follows recommendations of the 2017 Park Master Plan while repositioning and resizing the shelters to meet current and future use patterns.

Expenditures

Total

2023

2024

2025

2026

2027

50,000

50,000 500,000

PLANNING/DESIGN CONSTRUCTION

500,000

5,000 5,000

5,000 5,000

INSPECTION

ADMINISTRATION CONTINGENCY

40,000 550,000

40,000 600,000

50,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

600,000

600,000

GO BONDS-ESSENTIAL PURPOSE

600,000

600,000

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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