FY 2019-2023 Capital Improvement Plan

Capital Improvement Plan City of Spencer, Iowa

thru FY 19 FY 23

Department Streets

Contact Public Works Director

Type Improvement

19-STR-001

Project #

Useful Life 20 Years

Project Name 2018 OVERLAY PROJECT

Priority 4 - Desirable Category Street Paving

Description The proposed project would consist of a mill and overlay on certain streets within the City. The identified streets are as follows: Total Project Cost: $528,000

W 10TH ST - GRAND TO 4TH AVE W E 10TH ST - GRAND TO 4TH AVE E 2ND AVE E - E 4TH STREET TO E 8TH STREET W 3RD ST - 4TH AVE W TO ALLEY

Justification Overlay project assist in extending the life expectancy of the street, thus reducing long term maintenance and repair costs.

Expenditures Planning/Design

Total

FY 19

FY 20

FY 21

FY 22

FY 23

68,640 459,360 528,000

68,640 459,360 528,000

Construction/Maintenance

Total

Funding Sources Road Use Tax (RUT)

Total

FY 19

FY 20

FY 21

FY 22

FY 23

37,000 491,000 528,000

37,000 491,000 528,000

Street Improvement Reserve

Total