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

S3978

Project #

10 years

Useful Life

Project Name Riverside Dr. Pedestrian Bridge at Iowa Ave Rehab

Street Operations

Category

GRANTEE IDOT

PLAN None

Critical (1)

Priority

MATCH % 25%

TIF DISTRICT None

Active

Status

Total Project Cost: $1,910,000

Description This project will provide repairs to the existing pedestrain overpass, including removal of loose and delaminated material and the application of a corrosive inhibiting coating to protect the exposed areas and match the appearance of the surrounding concrete. New light fixtures, expansion jointing, walkway surfacing and handrails will be provided. The walkway to the Iowa Avenue Pedestrian underpass will be reconstructed to meet current ADA requirements.

Justification A condition assessment of the Pedestrian Bridge was completed in the Spring of 2021 and a rehabilitation project was recommended. Widespread areas of deterioration exist along the outside edges of the carousel deck and bridge deck. Expansion joints are not functioning well, there are exposed electric wires at the light pole blisters, and areas of the railing are damaged. Loose material causing immediate concern was removed in cooperation with the Iowa DOT.

Prior

Expenditures

Total

2024

2025

2026

2027

2028

CONSTRUCTION

1,440,000

1,440,000

335,000

INSPECTION

30,000

30,000

Total

ADMINISTRATION

55,000

55,000

CONTINGENCY

50,000

50,000

1,575,000

1,575,000

Total

Funding Sources

Total

2024

2025

2026

2027

2028

GO BONDS-ESSENTIAL PURPOSE OTHER STATE GRANTS

635,000

635,000

850,000

850,000

UNIVERSITY OF IOWA

425,000

425,000

1,910,000

1,910,000

Total

Budget Impact/Other This project will reduce the maintenance costs through the rehabilitation of an older structure. This project is expected to extend the life of the pedestrian bridge from 10 to 30 years. The annual savings is less than $10,000 / 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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