FY 2020-2024 Capital Improvement Plan

Capital Improvement Plan City of Spencer, Iowa

thru FY 20 FY 24

Department Streets

Contact Public Works Director

Type Maintenance

22-STR-001

Project #

Useful Life 20 Years

Project Name 4TH STREET HMA OVERLAY

Priority 2 - Essential Category Street Paving

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. Total Project Cost: $1,215,000

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 Planning/Design

Total

FY 20

FY 21

FY 22

FY 23

FY 24

95,000

95,000

1,120,000 1,215,000

1,120,000 1,215,000

Construction/Maintenance

Total

Funding Sources

Total

FY 20

FY 21

FY 22 400,000 120,000 320,000 375,000 1,215,000

FY 23

FY 24

400,000 120,000 320,000 375,000

Grant: MAP-21

Road Use Tax (RUT) Storm Sewer Reserve

Street Improvement Reserve

1,215,000

Total