FY25 Proposed Budget

2024 2028 thru

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

PUBLIC WORKS

Department

Contact Ben Clark

One Phase

Type

M3637

Project #

50 years

Useful Life

Project Name Peterson Street Storm Sewer Improvments

Stormwater

Category

Critical (1)

GRANTEE

PLAN

Priority

Active

MATCH %

TIF DISTRICT

Status

Total Project Cost: $500,000

Description This project will replace approximately 430 linear feet of corrugated metal pipe with reinforced concrete pipe.

Justification The existing storm sewer was constructed approximately 40 years ago using corrugated metal pipe that is now severely corroded and past the end of its useful life.

Expenditures

Total

2024

2025

2026

2027

2028

PLANNING/DESIGN

50,000

50,000

CONSTRUCTION

400,000

400,000

INSPECTION

10,000

10,000

ADMINISTRATION

5,000

5,000

CONTINGENCY

35,000

35,000

500,000

500,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

STORMWATER FUND

500,000

500,000

500,000

500,000

Total

Budget Impact/Other Impact to operating budget is expected to be less than $10,000 annually.

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