FY25 Proposed Budget
2024 2028 thru
Capital Improvement Plan 2024-2028 City of Iowa City, Iowa
TRANSPORTATION SERVI
Department
Contact Darian Nagle-Gamm
Annual
Type
T3004
Project #
20 years
Useful Life
Project Name Parking Facility Restoration Repair
Parking Operations
Category
GRANTEE NONE
PLAN None
Essential (2)
Priority
MATCH % NONE
TIF DISTRICT None
Active
Status
Total Project Cost: $10,228,000
Description This annual project includes concrete restoration, application of concrete sealants, repair of control and expansion joints in addition to other parking facility specific repairs.
Justification A thorough facility condition evaluation will be conducted on all of our existing facilities in 2023. This will include a maintenance plan for scheduling the repairs that will be facilitated in the following five years. Most of the work is to remove and restore concrete and structural steel in the deck flooring.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
150,000
200,000
250,000
100,000
700,000
4,203,000
CONSTRUCTION
515,000
850,000
1,000,000
1,200,000
1,500,000
5,065,000
Total
INSPECTION
100,000
100,000
ADMINISTRATION
10,000
50,000
50,000
50,000
160,000
525,000
1,000,000
1,250,000
1,500,000
1,750,000
6,025,000
Total
Prior
Funding Sources
Total
2024
2025
2026
2027
2028
PARKING FUND
525,000
1,000,000
1,250,000
1,500,000
1,750,000
6,025,000
4,203,000
525,000
1,000,000
1,250,000
1,500,000
1,750,000
6,025,000
Total
Total
Budget Impact/Other There should be a reduction in operating expenditures through the replacement of older infrastructure. The estimated decrease in operating expenditures is less than $10,000 per year.
635
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