FY25 Proposed Budget

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

2024 2028 thru

Department AIRPORT

Contact Michael Tharp

Type Multi-Phase

A3478

Project #

Useful Life 50 years

Project Name Terminal Building Remodel/Reconstruction

Category Airport

MATCH % 5% GRANTEE FAA

TIF DISTRICT PLAN

Priority Critical (1)

Status Active

Total Project Cost: $7,000,000

Description Phase 1 - Environmental and Historical Reviews, Design and Bid for October 2024 Grant Application Phase 2: Removal of existing building and construction of new terminal/entrance gateway.

Justification The current terminal building was built in 1951 and is unable to accomodate current operations or future growth. The Airport Commission completed a space needs study, which included a user survey and open house in 2023 and chose to develop a new terminal building as it's preferred method to achieve the needed operational space. Phase 1 will take the preferred concept and develop a design, take the design through environmental and historical reviews, and bid the design with the goal of applying for additional FAA funding in October 2024. FAA funding is competitively available in federal years 2022-2026 as part of the Bipartisan Infrastructure Law. Project will also including landscaping and work along the entrance drive. FAA Share is 95%

Expenditures

Total

2024

2025

2026

2027

2028

500,000

500,000

PLANNING/DESIGN CONSTRUCTION

5,000,000

5,000,000

500,000 275,000 725,000

500,000 275,000 725,000

INSPECTION

ADMINISTRATION CONTINGENCY

500,000

6,500,000

7,000,000

Total

Funding Sources AIRPORT FUND FEDERAL GRANTS

2024

2025

2026

2027

2028

Total

350,000

350,000

500,000

6,150,000

6,650,000

500,000

6,500,000

7,000,000

Total

Budget Impact/Other New building should lower ongoing maintnenace costs of supporting existing building. Enhanced environmental controls to better manage conditions in building.

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