FY24 Adopted Budget

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

2023 2027 thru

Department PARKS & RECREATION

Contact Kent Ralston

Type One Phase

R4227

Project #

Useful Life 40 Years

Project Name Hwy 6 Sidepath - Broadway to Fairmeadows

Priority Non-essential (5) Category Parks Maintenance

MATCH % VARIES GRANTEE TRAILS GRANT

PLAN Bike Master Plan

TIF DISTRICT None

Status Active

Description Construction of sidepath extension along Hwy 6 between Broadway Street and Fairmeadows Blvd and along First Avenue from the south side of Hwy 6 to Lower Muscatine Road. Total Project Cost: $1,700,000

Justification This project is an extension of the Hwy 6 sidepath and is an integral piece of the planned trail network. The project appears in MPOJC documents as a 'future' sidewalk and also appears in the adopted 2017 Iowa City Bicycle Master Plan. This project also meets the Council's Strategic Plan goal of 'Enhancing Community Mobility' by substantially improving the sidewalk network. This is the last major segment of missing Hwy 6 trail and connects to the 2021 CIP funded segment between Heinz and Fairmeadows.

Expenditures

Total

2023

2024

2025

2026

2027

200,000

200,000

PLANNING/DESIGN CONSTRUCTION

1,500,000 1,500,000

1,500,000 1,700,000

200,000

Total

Funding Sources FEDERAL GRANTS

Total

2023

2024

2025

2026

2027

520,000

520,000

1,180,000

1,180,000

GO BONDS-ESSENTIAL PURPOSE

1,700,000

1,700,000

Total

Budget Impact/Other This project will add 4,800 feet of sidepath to the Parks & Recreation Department snow plowing, mowing, and general maintenance expenses. Additional operating expenditures are estimated to be approximately 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.

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