FY2024 Proposed Budget

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

2023 2027 thru

Department PUBLIC WORKS

Contact Scott Sovers

Type One Phase

P3989

Project #

Useful Life 50 years

Project Name American Legion Rd/First Ave Landscaping Project

Category Public Works Administration

Priority Non-essential (5)

MATCH % GRANTEE

TIF DISTRICT PLAN

Status Active

Description This project will install plantings within the American Legion Road and Scott Boulevard and the First Avenue and Scott Boulevard roundabouts as well street trees along American Legion Road from Scott Boulevard to Taft Avenue. Total Project Cost: $400,000

Justification This project will install street trees and roundabout plantings that were considered during project designs. Landscaping was not included due to the desire to have it be a separate project, which typically leads to more successful life expectancy of trees and plants.

Expenditures

Total

2023

2024

2025

2026

2027

45,000 255,000 25,000 25,000 50,000 400,000

45,000 255,000 25,000 25,000 50,000 400,000

PLANNING/DESIGN CONSTRUCTION

INSPECTION

ADMINISTRATION CONTINGENCY

Total

Funding Sources

Total

2023

2024

2025

2026

2027

400,000

400,000

GO BONDS-ESSENTIAL PURPOSE

400,000

400,000

Total

Budget Impact/Other The impact to the operating budget is difficult to determine. It is estimated to be less than $5,000.

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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