Final FY25 Adopted Budget
2024 2028 thru
Capital Improvement Plan 2024-2028 City of Iowa City, Iowa
PUBLIC WORKS
Department
Contact Melissa Clow
One Phase
Type
S3955
Project #
50 years
Useful Life
Project Name N. Gilbert Street Reconstruction
Street Operations
Category
GRANTEE NONE
PLAN None
Essential (2)
Priority
MATCH % NONE
TIF DISTRICT None
Active
Status
Total Project Cost: $2,750,000
Description Reconstruction of N. Gilbert Street from the construction limits of the Gateway project just south of Kimball Road to and including the intersection with Brown Street. Improvements to inlcude new sanitary sewer, adjustment and replacement of minor sections of water main and fire hydrants, new stormsewer extensions, PCC roadway paving on the main corridor of N Gilbert Street, reconstruction of the brick Brown Street and N Gilbert Street intersection, sidewalks on both sides of the street, retaining wall reconstruction and repairs, and private utility undergrounding. The reconstruction of the sidewalk crosswalk at the intersection with Kimball Road is also included.
Justification Gilbert Street requires full reconstruction at this time. There are no storm sewers between Brown Street and the new intakes installed with the Gateway project. Sidewalks are located only at the top of the hill, near Brown Street and residents have requested that pedestrian connectivity be provided to them with the roadway improvements.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
65,000
65,000
200,000
CONSTRUCTION
200,000
1,935,000
2,135,000
Total
INSPECTION
100,000
100,000
ADMINISTRATION
100,000
100,000
CONTINGENCY
150,000
150,000
265,000
2,285,000
2,550,000
Total
Funding Sources
Total
2024
2025
2026
2027
2028
GO BONDS-ESSENTIAL PURPOSE
900,000
1,850,000
2,750,000
900,000
1,850,000
2,750,000
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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