FY25 Proposed Budget

2024 2028 thru

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

PARKS & RECREATION

Department

Contact Juli Seydell-Johnson

One Phase

Type

R4358

Project #

20 years

Useful Life

Project Name Lower City Park Shelters & Restroom Replacement

Parks Maintenance

Category

GRANTEE NONE

PLAN Lower City Park Master Plan

Essential (2)

Priority

MATCH % NONE

TIF DISTRICT None

Active

Status

Total Project Cost: $750,000

Description This project will demolish 7 picnic shelters and 1 restroom in Lower City Park and replace these with 1 large and 4 small shelters and renovate an existing restroom facility. The remaining facilities will be in locations further from the river as outlined in Lower City Park Master Plan.

Justification The shelters and restrooms in Lower City Park are quickly reaching the end of their serviceable life. Some are in areas that are prone to regular flooding. This project follows recommendations of the 2016 Lower City Park Master Plan and 2017 Park Master Plan while repositioning and resizing the shelters to meet current and future use patterns.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

50,000

50,000

CONSTRUCTION

640,000

640,000

INSPECTION

10,000

10,000

CONTINGENCY

50,000

50,000

750,000

750,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

750,000

750,000

750,000

750,000

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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