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

R4375

Project #

Useful Life 20 years

Project Name Hunter's Run Park Playground & Shelter

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Total Project Cost: $300,000

Description Replace playground and one shelter, and adds additional access paths from street and sidewalk.

Justification Project is prioritized in the 2017 Park Master Plan based on age and condition of current structures.

Expenditures

Total

2023

2024

2025

2026

2027

25,000 250,000

25,000 250,000

PLANNING/DESIGN CONSTRUCTION

2,500 2,500

2,500 2,500

INSPECTION

ADMINISTRATION CONTINGENCY

20,000 300,000

20,000 300,000

Total

Funding Sources

Total

2023

2024

2025

2026

2027

300,000

300,000

GO BONDS-ESSENTIAL PURPOSE

300,000

300,000

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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