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

R4397

Project #

20 years

Useful Life

Project Name Court Hill Trail Beech to Scott Replacement

Parks Maintenance

Category

Essential (2)

GRANTEE

PLAN

Priority

Active

MATCH %

TIF DISTRICT

Status

Total Project Cost: $260,000

Description Replacement of the 1/4 mile segment of Court Hill Trail from Beech St to Scott Blvd. Current 10 ft wide asphalt trail to be replace with 10 ft wide concrete trail.

Justification This segment of trail is in poor condition and quickly approaching a state where it will become hazardous due to cracking and uneven surfacing.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

30,000

30,000

CONSTRUCTION

160,000

160,000

INSPECTION

15,000

15,000

ADMINISTRATION

15,000

15,000

CONTINGENCY

40,000

40,000

260,000

260,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

260,000

260,000

260,000

260,000

Total

Budget Impact/Other Replacement of the asphalt trail with a concrete surface will reduce the amount of ongoing maintenance.

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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