FY25 Proposed Budget

Capital Improvement Plan 2024-2028 City of Iowa City, Iowa

2024 2028 thru

Department PARKS & RECREATION

Contact Juli Seydell-Johnson

Type One Phase

R4407

Project #

Useful Life 20 years

Project Name Mercer & RALRC HVAC Replacement

Category Recreation

MATCH % GRANTEE

TIF DISTRICT PLAN

Priority Essential (2)

Status Active

Total Project Cost: $200,000

Description Replacement of Mercer/Scanlon Gym/Entry HVAC Chiller replacement $100,000 and RALRC Gym HVAC Unit replacement or repairs.

Justification These units are critcal to public use of the recreation center gyms.

Expenditures CONSTRUCTION

Total

2024

2025

2026

2027

2028

200,000

200,000

200,000

200,000

Total

Funding Sources GO BONDS-GENERAL PURPOSE

Total

2024

2025

2026

2027

2028

200,000

200,000

200,000

200,000

Total

Budget Impact/Other These updates replace aging equipment which will allow for more efficient and consistent temperates in the gyms.

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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