FY2024 Proposed Budget

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

2023 2027 thru

Department PUBLIC WORKS

Contact Kent Ralston

Type One Phase

S3981

Project #

Useful Life 40 Years

Project Name Camp Cardinal / Kennedy Parkway - Ped Accom

Category Street Operations

Priority Essential (2)

MATCH % GRANTEE

PLAN Transportation Plan

TIF DISTRICT

Status Active

Description This project will remove existing right turn bays and install pedestrian refuge islands on Camp Cardinal Boulevard at Kennedy Parkway. Total Project Cost: $320,000

Justification This project is necessary to improve the safey and comfort of bikes and pedestrians crossing Camp Cardinal Boulevard. With Borlaug Elementary School to the east of the corridor and numerous recent developments to the west, the current configuration is not adequate. This project is intended to be a mid-term (10-20 year) improvment until which time construction of a full roundabout may be warranted. This project will need to be coordianted with the City of Coralville as half of the intersection is in their municpal boundary.

Expenditures

Total

2023

2024

2025

2026

2027

30,870

30,870

PLANNING/DESIGN

5,000

5,000

LAND/ROW ACQUISITION

212,100 20,580 20,580 30,870 320,000

212,100 20,580 20,580 30,870 320,000

CONSTRUCTION

INSPECTION

ADMINISTRATION CONTINGENCY

Total

Funding Sources

Total

2023

2024

2025

2026

2027

160,000

160,000

GO BONDS-ESSENTIAL PURPOSE

160,000

160,000

OTHER LOCAL GOVERNMENTS

320,000

320,000

Total

Budget Impact/Other This project will have no impact on operating budgets.

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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