FY 2019-2023 Capital Improvement Plan

Capital Improvement Plan City of Spencer, Iowa

thru FY 19 FY 23

Contact Park & Rec Director Department Parks and Recreation

Type Improvement

19-PARK-003

Project #

Useful Life 20 Years

Project Name 4TH AVE SW TRAIL

Category Trails

Priority 2 - Essential

Total Project Cost: $390,441

Description The proposed project will develop and construct a trail adjacent to 4th Ave SW from 13th Street SW to 25th Street SW.

Justification The project would provide a multi-use trail for the SW sector of Spencer. It will provide a safe way to get to 11th Street SW and connect to the rest of the City's trail system.

Expenditures Planning/Design

Total

FY 19

FY 20

FY 21

FY 22

FY 23

29,283

29,283 331,875 361,158

58,566 331,875 390,441

Construction/Maintenance

29,283

Total

Funding Sources

Total

FY 19

FY 20

FY 21

FY 22

FY 23

162,000 29,283

88,000

250,000 29,283 111,158 390,441

Grant: MAP-21 Park Reserve

111,158 199,158

Tax Increment Financing (TIF)

191,283

Total