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

R4385

Project #

20 years

Useful Life

Project Name College Green Park Playground

Parks Maintenance

Category

GRANTEE NONE

PLAN Park Master Plan

Essential (2)

Priority

MATCH % NONE

TIF DISTRICT None

Active

Status

Total Project Cost: $400,000

Description This project replaces the playground at College Green Park.

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

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

25,000

25,000

CONSTRUCTION

335,000

335,000

INSPECTION

15,000

15,000

CONTINGENCY

25,000

25,000

400,000

400,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

400,000

400,000

400,000

400,000

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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