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

S3984

Project #

Useful Life 30 Years

Project Name High Street & Southgate Ave Sidewalk Infill Proj

Category Street Operations

Priority Efficiency Improvement (3)

MATCH % GRANTEE

TIF DISTRICT PLAN

Status Active

Description The project will involve the construction of sidewalk along High Street between 1801 High Street and Morningside Drive as well as along Southgate Avenue between 303 and 367 Southgate Avenue. Total Project Cost: $110,000

Justification This project improves the City's multimodal transportation system for pedestrians and bicycles by filling in portions of the sidewalk network that have missing segments.

Expenditures CONSTRUCTION

Total

2023

2024

2025

2026

2027

75,000 10,000 10,000 15,000 110,000

75,000 10,000 10,000 15,000 110,000

INSPECTION

ADMINISTRATION CONTINGENCY

Total

Funding Sources

Total

2023

2024

2025

2026

2027

110,000

110,000

GO BONDS-ESSENTIAL PURPOSE

110,000

110,000

Total

Budget Impact/Other Sidewalks are maintained by the adjoining property owners and will not increase the City's operating expenses.

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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