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

R4384

Project #

20 years

Useful Life

Project Name Benton Hills Playground Replacement

Parks Maintenance

Category

GRANTEE NONE

PLAN Park Master Plan

Essential (2)

Priority

MATCH % NONE

TIF DISTRICT None

Active

Status

Total Project Cost: $200,000

Description This project replaces the playground at Benton HIll Park. Site constraints keep this as a smaller piece of equipment.

Justification Playground replacement following Park Master Plan. Playground reaching end of servicable life.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

5,000

5,000

CONSTRUCTION

190,000

190,000

CONTINGENCY

5,000

5,000

200,000

200,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

200,000

200,000

200,000

200,000

Total

Budget Impact/Other No impact on operating budget as this replaces current infrastructure.

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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