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

R4389

Project #

20 years

Useful Life

Project Name N. Market Square Playground Replacement

Parks Maintenance

Category

GRANTEE NONE

PLAN Park Master Plan

Essential (2)

Priority

MATCH % NONE

TIF DISTRICT None

Active

Status

Total Project Cost: $300,000

Description Replace playground at North Market Square Park. This includes replacing rubber mat surface with engineered wood fiber. Adjacent elementary school playground has poured in place surfacing.

Justification This replacement follows recommendatation of 2017 Park Master Plan. Playground components are aging and becoming difficult to repair and replace.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

20,000

20,000

CONSTRUCTION

250,000

250,000

INSPECTION

10,000

10,000

CONTINGENCY

20,000

20,000

300,000

300,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

300,000

300,000

300,000

300,000

Total

Budget Impact/Other This replaces existing equipment. No increased expenditures.

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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