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

R4390

Project #

20 years

Useful Life

Project Name Reno Street Park Renovations

Parks Maintenance

Category

GRANTEE NONE

PLAN Park Master Plan

Essential (2)

Priority

MATCH % NONE

TIF DISTRICT None

Active

Status

Total Project Cost: $240,000

Description Replace playground at Reno Street Park. Add ADA compliant paths, park furnishings and fence to community garden.

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

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

20,000

20,000

CONSTRUCTION

200,000

200,000

INSPECTION

5,000

5,000

CONTINGENCY

15,000

15,000

240,000

240,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

240,000

240,000

240,000

240,000

Total

Budget Impact/Other There will be slightly less maintenance costs due to the replacement of older equipment. The expected annual savings is less than $5,000 per year.

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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