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

R4389

Project #

Useful Life 20 years

Project Name N. Market Square Playground Replacement

Category Parks Maintenance

Priority Essential (2)

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

TIF DISTRICT None

Status Active

Description Replace playground at North Market Square Park. This includes replacing rubber mat surface with engineered wood fiber. Adjacent elementary school playground has poured in place surfacing. Total Project Cost: $300,000

Justification This replacement follows recommendatation of 2017 Park Master Plan. Playground components are aging and becoming difficult to repair and replace.

Expenditures

Total

2023

2024

2025

2026

2027

20,000 250,000 10,000 20,000 300,000

20,000 250,000 10,000 20,000 300,000

PLANNING/DESIGN CONSTRUCTION

INSPECTION

CONTINGENCY

Total

Funding Sources

Total

2023

2024

2025

2026

2027

300,000

300,000

GO BONDS-ESSENTIAL PURPOSE

300,000

300,000

Total

Budget Impact/Other This replaces existing equipment. No increased expenditures.

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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