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

R4381

Project #

Useful Life 20 years

Project Name Event Facility Improvements

Category Government Buildings

Priority Essential (2)

MATCH % NONE GRANTEE NONE

TIF DISTRICT None PLAN None

Status Active

Description On-going repairs and improvements at Terry Trueblood Lodge, Terry Trueblood concession building, Ashton House Event Facility and Riverside Festival Stage. 2023 Renovate Riverside Festival Stage. FY24- ADA update to Ashton House remove and replace back stair from upper floor. Critical repairs needed to Riverside Festival Stage. Total Project Cost: $1,000,000

Justification These facilities are maintained for city events and private event rentals. Renovations are needed as they buildings age.

Prior

Expenditures

Total

2023

2024

2025

2026

2027

75,000 700,000

10,000 135,000

85,000 835,000

50,000

PLANNING/DESIGN CONSTRUCTION ADMINISTRATION

Total

5,000

5,000

20,000 800,000

5,000

25,000 950,000

CONTINGENCY

150,000

Total

Prior

Funding Sources GENERAL FUND GO BONDS-GENERAL PURPOSE OTHER STATE GRANTS

Total

2023

2024

2025

2026

2027

150,000

150,000 300,000 500,000 950,000

50,000

300,000

Total

500,000 800,000

150,000

Total

Budget Impact/Other This project should have a minimal impact on the annual operating budget.

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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