FY 21-25 CIP

thru FY 21 FY 25

Capital Improvement Plan City of Spencer, Iowa

Department Streets

Contact Public Works Director

Type Improvement

Project #

24-STR-001

Useful Life 50 Years

Project Name 2024 RECONSTRUCTION

Category Street Reconstruction

Priority 2 - Essential

Total Project Cost: $1,996,000

Description The proposed project would consist of the following components: * East 4th Street - Sewer separation project (between 5th Ave E to 10th Ave E) * 6th Ave E - Sewer separation project * East 5th Street - Storm separation (between 5th Ave E to 10th Ave E)

The budget for the project shows the project as being a special assessment project, however, the City will plan on applying for a CDBG grant (if area qualifies) and a FAST Act funds. If successful, these grants would change the funding scenarios that are being presented.

Justification The projects would continue the storm sewer / sanitary sewer separation program.

Expenditures

Total

FY 21

FY 22

FY 23

FY 24

FY 25

Planning/Design

332,000

332,000

Construction/Maintenance

1,664,000

1,664,000

1,996,000

1,996,000

Total

Funding Sources

Total

FY 21

FY 22

FY 23

FY 24

FY 25

Grant: DOT

453,000

453,000

Sewer Reserve

330,405

330,405

Special Assessments

472,000

472,000

Storm Sewer Reserve

209,465

209,465

Street Improvement Reserve

531,130

531,130

1,996,000

1,996,000

Total