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

R4400

Project #

20 years

Useful Life

Project Name Mercer Shelter Replacement

Parks Maintenance

Category

Essential (2)

GRANTEE

PLAN

Priority

Active

MATCH %

TIF DISTRICT

Status

Total Project Cost: $150,000

Description Replacement of Shelter #2 at Mercer Park.

Justification This shelter is deteriorating and reaching end of life. Replacement with a shelter of similar size will maintain service levels at this popluar shelter rental location.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

5,000

5,000

CONSTRUCTION

135,000

135,000

CONTINGENCY

10,000

10,000

150,000

150,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

150,000

150,000

150,000

150,000

Total

Budget Impact/Other This is a replacement and little budget impact is expected.

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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