FY25 Proposed Budget

Capital Improvement Plan 2024-2028 City of Iowa City, Iowa

2024 2028 thru

Department PARKS & RECREATION

Contact Juli Seydell-Johnson

Type One Phase

R4406

Project #

Useful Life 50 years

Project Name RALRC Structural Cables

Category Recreation

MATCH % GRANTEE

TIF DISTRICT PLAN

Priority Essential (2)

Status Active

Total Project Cost: $250,000

Description Replace aging post construction structural cables on RALRC.

Justification Theses cables were installed shortly after construction of the building. They were needed to stablize the building structure. The cables are deteriorating and need to be replaced to maintain the structural integrity of the building

Expenditures CONSTRUCTION

Total

2024

2025

2026

2027

2028

250,000

250,000

250,000

250,000

Total

Funding Sources GO BONDS-GENERAL PURPOSE

Total

2024

2025

2026

2027

2028

250,000

250,000

250,000

250,000

Total

Budget Impact/Other No change to operating budget.

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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