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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