Final FY25 Adopted Budget
2024 2028 thru
Capital Improvement Plan 2024-2028 City of Iowa City, Iowa
PUBLIC WORKS
Department
Contact Jason Havel
One Phase
Type
S3952
Project #
50 years
Useful Life
Project Name Dodge Street Reconstruct - Governor to Burlington
Street Operations
Category
GRANTEE IDOT
PLAN None
Essential (2)
Priority
MATCH % 35%
TIF DISTRICT None
Active
Status
Total Project Cost: $21,325,000
Description Reconstruction of Dodge Street from Governor Street to Burlington Street. This will be a joint project with the DOT, and will include new street pavement, sidewalk, utility improvements and other associated work.
Justification This section of Dodge Street is in poor condition and requires significant ongoing maintenance.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
200,000
200,000
1,525,000
LAND/ROW ACQUISITION
150,000
150,000
300,000
Total
CONSTRUCTION
15,000,000
15,000,000
INSPECTION
400,000
400,000
ADMINISTRATION
400,000
400,000
CONTINGENCY
3,500,000
3,500,000
200,000
150,000
19,450,000
19,800,000
Total
Prior
Funding Sources
Total
2024
2025
2026
2027
2028
FEDERAL GRANTS
3,750,000
3,750,000
1,117,000
GO BONDS-ESSENTIAL PURPOSE OTHER STATE GRANTS
8,258,000
8,258,000
Total
8,200,000
8,200,000
20,208,000
20,208,000
Total
Budget Impact/Other Replacing aged infrastructure will lower the City's operating expenditures through decreased maintenance costs. The estimated decrease in operating expenses 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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