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

R4371

Project #

Useful Life 20 years

Project Name Happy Hollow Playground Replacement

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Total Project Cost: $200,000

Description Playground replacement at Happy Hollow Park.

Justification The playground is scheduled for replacement in the 2017 Park Master Plan due to age and condition.

Expenditures

Total

2023

2024

2025

2026

2027

5,000

5,000

PLANNING/DESIGN CONSTRUCTION

180,000

180,000

2,500 2,500

2,500 2,500

INSPECTION

ADMINISTRATION CONTINGENCY

10,000 200,000

10,000 200,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

200,000

200,000

GO BONDS-ESSENTIAL PURPOSE

200,000

200,000

Total

Budget Impact/Other No impact on operating budget as these are replacements for current facilities.

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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