Final FY25 Adopted Budget
2024 2028 thru
Capital Improvement Plan 2024-2028 City of Iowa City, Iowa
PUBLIC WORKS
Department
Contact Geoff Fruin
One Phase
Type
S3939
Project #
50 years
Useful Life
Project Name Dubuque Street Reconstruction
Street Operations
Category
GRANTEE NONE
PLAN Downtown Streetscape Plan
Critical (1)
Priority
MATCH % NONE
TIF DISTRICT City-University
Active
Status
Total Project Cost: $4,030,000
Description This project is part of the downtown streetscape master plan. This project reconstructs Dubuque Street from Washington to Iowa Avenue. The project also improves sidewalk pavement, addresses critical utility updates, and enhances the retail environment with streetscape components. Project also includes alley improvements, lighting, and wayfinding.
Justification Dubuque Street is an important link in Downtown as is often the entry way for visitors into the area. The project will narrow the road creating a more pedestrian friendly environment and allowing for enhanced retail areas.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
30,000
30,000
300,000
CONSTRUCTION
3,100,000
3,100,000
Total
INSPECTION
150,000
150,000
ADMINISTRATION
50,000
50,000
CONTINGENCY
400,000
400,000
3,730,000
3,730,000
Total
Funding Sources
Total
2024
2025
2026
2027
2028
GO BONDS-ESSENTIAL PURPOSE
4,030,000
4,030,000
4,030,000
4,030,000
Total
Budget Impact/Other This project will slightly increase the annual operating expenditures due to the additional maintenance required on the landscaping and signage. The estimated increase in operating expenditures is less than $10,000 per year. 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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