FY 21-25 CIP
thru FY 21 FY 25
Capital Improvement Plan City of Spencer, Iowa
Department Streets
Contact Public Works Director
Type Maintenance
Project #
22-STR-001
Useful Life 20 Years
Project Name 4TH STREET HMA OVERLAY
Category Street Paving
Priority 2 - Essential
Total Project Cost: $962,000
Description The proposed project would consist of a mill and overlay on 4th Street beginning at 5th Ave East and continuing west until the 900 block of W 4th Street. Resurfacing varies from 24' to 66' in width and the total length is 5,680 feet.
Justification The overall condition of the road is in poor condition, however sections of this street have been replaced in the past few years with other construction projects. 4th Street is a major thoroughfare through the community and receives a high volume of traffic.
Expenditures
Total
FY 21
FY 22
FY 23
FY 24
FY 25
Planning/Design
127,000
127,000
Construction/Maintenance
835,000
835,000
962,000
962,000
Total
Funding Sources
Total
FY 21
FY 22
FY 23
FY 24
FY 25
Grant: DOT
400,000
400,000
Road Use Tax (RUT)
120,000
120,000
Street Improvement Reserve
442,000
442,000
962,000
962,000
Total
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