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
R4381
Project #
20 years
Useful Life
Project Name Event Facility Improvements
Government Buildings
Category
GRANTEE NONE
PLAN None
Essential (2)
Priority
MATCH % NONE
TIF DISTRICT None
Active
Status
Total Project Cost: $1,050,000
Description FY26 TTRA Lodge staining $180,000; FY28 Ashton House Driveway - Parking Lot Improvements due to deterioration and need for better accessibility by vans and small busses $325,000.
Justification These renovations are needed as the buildings and systems age, includes ADA updates to meet current standards for accessibility.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
15,000
15,000
850,000
CONSTRUCTION
170,000
170,000
Total
CONTINGENCY
15,000
15,000
200,000
200,000
Total
Prior
Funding Sources
Total
2024
2025
2026
2027
2028
GENERAL FUND
200,000
200,000
850,000
200,000
200,000
Total
Total
Budget Impact/Other All of these improvements will enhance the usability of these facilities for rentals, programs and public events.
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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