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
R4401
Project #
50 years
Useful Life
Project Name Parks Storage Building
Parks Maintenance
Category
Essential (2)
GRANTEE
PLAN
Priority
Active
MATCH %
TIF DISTRICT
Status
Total Project Cost: $250,000
Description Construction of 50'x60' pole building with concrete floor for Parks equipment storage. Location is planned for south end of the soccer park.
Justification Equipment storage, especially in winter, is maxed out at current facilities and our fleet is expanding as our acreage of parks increases. This storage facility would consolidate storage and increse efficiency of operations. Current storage at the old Mercer Park pool building that has limited functionality could be eliminated with addition of this new facility. Our historic use of winter storage at the County Fairgrounds has been eliminated by the fair board operations further constraining storage during critical months when equipment needs protection.
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
10,000
10,000
CONSTRUCTION
225,000
225,000
CONTINGENCY
15,000
15,000
250,000
250,000
Total
Funding Sources
Total
2024
2025
2026
2027
2028
GO BONDS-GENERAL PURPOSE
250,000
250,000
250,000
250,000
Total
Budget Impact/Other While the buliding will require upkeep and maintenance the cost are expected to be offset by increases in efficiency and longevity of equipment stored out of the elements. 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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