FY24 Adopted Budget

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

2023 2027 thru

Department PARKS & RECREATION

Contact Juli Seydell-Johnson

Type One Phase

R4346

Project #

Useful Life 20 years

Project Name Palisades or Stone Bridge Park Development

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Description Funding to develop a new neighborhood park in an emerging or underserved location. The City owns several parcels designated for parks and developments are completed. Total Project Cost: $525,000

Justification The 2017 Park Master plan points to a districts with deficiencies in park land. This project will be designed to develop a new neighborhood park in a growing or underserved neighborhood as the opportunity becomes available.

Expenditures

Total

2023

2024

2025

2026

2027

30,000 200,000

30,000 225,000

60,000 425,000 10,000 10,000 20,000 525,000

PLANNING/DESIGN CONSTRUCTION

5,000 5,000

5,000 5,000

INSPECTION

ADMINISTRATION CONTINGENCY

10,000 250,000

10,000 275,000

Total

Funding Sources GENERAL FUND

Total

2023

2024

2025

2026

2027

250,000 250,000

275,000 275,000

525,000 525,000

Total

Budget Impact/Other This project will increase operating expenditures due to the addition of new park amenities and finished park land. The estimated increase in operating expenditures is $20,000 per year.

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