FY2024 Proposed Budget
Capital Improvement Plan 2023-2027 City of Iowa City, Iowa
2023 2027 thru
Department PARKS & RECREATION
Contact Joe Welter
Type Unassigned
R4403
Project #
Useful Life
Project Name Carson Lake Park
Category Parks Maintenance
Priority Essential (2)
MATCH % GRANTEE
TIF DISTRICT PLAN
Status Active
Total Project Cost: $1,900,000
Description This project will construction a new lake west of Highway 218, south of Rohret Road.
Justification This park is part of the Southwest District Development Plan.
Expenditures
Total
2023
2024
2025
2026
2027
200,000
200,000
400,000
PLANNING/DESIGN CONSTRUCTION
1,000,000
1,000,000
100,000 50,000 300,000
100,000 100,000 300,000
INSPECTION
50,000
ADMINISTRATION CONTINGENCY
200,000
250,000
1,450,000
1,900,000
Total
Funding Sources
Total
2023
2024
2025
2026
2027
1,900,000
1,900,000
GO BONDS-ESSENTIAL PURPOSE
1,900,000
1,900,000
Total
Budget Impact/Other There will be regular maintenance of the lake, landscaping, shelter, and sidewalks/trails. The estimated increase in annual operating expenditures is less than $10,000 per year. 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.
583
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