FY2024 Proposed Budget

Capital Improvement Plan 2023-2027 City of Iowa City, Iowa

2023 2027 thru

Department PARKS & RECREATION

Contact Juli Seydell-Johnson

Type One Phase

R4385

Project #

Useful Life 20 years

Project Name College Green Park Playground

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Total Project Cost: $325,000

Description This project replaces the playground at College Green Park.

Justification Playground replacement following Park Master Plan. Playground reaching end of servicable life.

Expenditures

Total

2023

2024

2025

2026

2027

25,000 260,000 15,000 25,000 325,000

25,000 260,000 15,000 25,000 325,000

PLANNING/DESIGN CONSTRUCTION

INSPECTION

CONTINGENCY

Total

Funding Sources

Total

2023

2024

2025

2026

2027

325,000

325,000

GO BONDS-ESSENTIAL PURPOSE

325,000

325,000

Total

Budget Impact/Other No impact on operating budget as this replaces current infrastructure.

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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