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

R4408

Project #

20 years

Useful Life

Project Name Columbarium Construction/Expansion

Parks Maintenance

Category

Essential (2)

GRANTEE

PLAN

Priority

Active

MATCH %

TIF DISTRICT

Status

Total Project Cost: $720,000

Description Design and construction of a new Columbarium structure for single and double cremation niches. The scope of this project may or may not include the expansion of the current Forestview Columbarium.

Justification Current columbarium space is 74% sold. With average yearly rate of sale, 6.5 years of life expectancy on current columbarium.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

60,000

60,000

CONSTRUCTION

600,000

600,000

CONTINGENCY

60,000

60,000

720,000

720,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE

720,000

720,000

720,000

720,000

Total

Budget Impact/Other 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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