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1976-03-02 Correspondence
From STANLEY CONSULTANTS,INC. To Iowa City Riverfront Commssion Dopa 1/8/76. Priority 3 lands exist on the west and south sides of the river, Approximately 70.acres make up this parcel which would be developed for-:..'. horseback riding activities. Ideally, this would be a'concessionaire operated facility. Access to the parcels on the west side of the river would be via existing . streets 1rom.U,:S. 218,= Connections across the,river;by 'pedestrian bridges - or<cable 'trolleys should be considered. SCI feels that any acquisition should consolidate parcels to minimize -development, maintenance, and operation costs. In addition, -consolidating parcels will prevent the possibility of -'undesirable development separating park activities. ''A more detailed analysis of:the developmentpotential for this recommended acquisition will-be.undertaken as:part of Phase Three of the River Corridor Study: Although this land is presently on the market, numerous riverfront cabin sites are being, rentedon`a month -by -month basis from the McCollister. Estate. It does "-not 'appear :that the city would have any legal responsibility ;to the cabin owners and/or dwellers. However, the city should do everything possible to.minimize the significant -impact of,the ;acquisition. It is recommended that' the city be prepared to phase out -these` residential uses; those which=do-not- meet-building o not`meet building codes should be -the first"to go, Others should be.given a reasonable period of time to amortize their -investment -and make necessary, arrangements for other accommodations, Enclosed is a`map showing the location of these rental sites. This map was obtained from _Mr. ;Sterling C. -Young of Hertz. Farm Management; Inc, of Mt. Vernon, Iowa. This acquisition is eligible.for BOR.matching funds as administered by the - Iowa State Conservation Commission Every effort -should be -made to obtain these matching monies. Acquisition negotiations should begin as soon as. -possible. It may be desirable to consider spreading payments over a,period ofyears. We will be happy, to answer any further questions you may have concerning this. recommendations Sincerely, STANLEY CONSULTANTS, INC. Roger E, Hunt Project EAP REH:klg:6577 - Attachment (`�1 i \ r �. �`Y`'l�Y�w': --. !\` �..J t t'^'.. "j ._.y , � �pr"�•2 ® �-' Jt �' � � Hrf ,,. _ r ^L"� __,_X^t ';^ � i '. t J >.•. ,t- ,} h- .C�1'.'Cir _' i ---------------------- st77 q` d hs ted- _ ©r ' i''"r ♦ ,P`' raj../ .!;f 1.= ! / x C. �� J % �C\` � i � c`� i /•� �Tf"vC;. J .i i : •' ` \ j '� {+ ry � 1. /•l _.. � 7 ��re •! � f c r net ,� .,,,t.Jm^ TM:i � S yi' d, ff ��i N�l -. t { ' � ^:iv1•s ^=. `-t�`.:.s r •�31,-:=-}.��ttTS.. 'raJ H k f-rPNi \G♦`` _ 1-: �_::: � y.♦4 f'7/4T :':�7..�fG4._.1..... ,t••�'y�.\j ±. t •.'�» q_.; }: i • . �>, t. -�� \...••.."""' a � 4 : � ate_ ` - ` � � �`��, \ AIR f. a f fli s i �V- -� iiU, . 1' \ ♦) �. ♦ K% _ 5 he'd C ♦ � y,�1 ♦ a. "('ts. F S \ t= r•.y_-_ �"--r \ ♦� t % L'�`,y -. am ? f , r t� i �s j) — _ - _ .� � .r �- l .F?sf ref T`- •\� `a ^�'S Jx >•• tz =Z._. CC Z N M N_ C fit' a in n � •t � � ) 1 -� � � 'v la [.-t i J ,mss r _ _ Y D : t:-. 03 :zf"Ni)i`' ' i,l `Ix,N a_J•' -^/ I �Jj J U -2- -WHEREAS, Old Ca pitol and the lotq,) state have requested' , SCVCr3l, lenders doing ,business in this goographi c area to Par tiCipatC. in, -a loan of such amount .to Old -Capitol for such purpose, and WHEREAS, T OW a State is willing ;to participatein such loan on its own behalf, and has -received written r6mmitments too -the extent set forth in Ext i b i t "B" a-tached bc7e to from _th-e lenders therein named, hereinafter cal I cd- Participating Banks, as therein indicated to participate in such loan -to. Old Capitol, and WHEREAS, I ow a Sta to is -wi 11 ing to provide its services,-___ and to serve as the nominal -lender to Old CaT)itol in order todocument and accomplish, such loan in participationwith the Participating Banhs, and MEREAS, the City has agreed to approve this Loin Agreement for the the puTposo of acIcnowled-inI17 .he fact that the mortgage contemplated herein -is an authorized mortg6gii&'d un or. the terms of the Redevelopment Contractandthat under no. circumstances will the Participating Banks OT their :successors ininterest be,obligated -cto construct or omplete constructiowl. of: the Improvements describied in the Redevelopment Contract: NOW, THEREFORE, in consideration of the provisions hercof-", Old Capitol and Jowa State agree as follows: 1. Subject to the terms and conditions stated Le herein the I o-,,7 a State in participation w i th the Participating Ban to the extent set Fortli in Exhibit "W', kill I oan to Old Capitol, the C stir. of $952,000.00 at an iii-Lcrest rate of. 9, nor annum ,-- with interest paNable quarterly, with periodic paiMciltS. on principal and w5 th the entire unpaid nrincipal and interest to' L F 6. A nYPurchaser of any parcel, of 0 ,a r "1 desc. j bed Schedule "All who obtains ti -1 L C either at a forcciosu anj rc� sale or after forccl�osuye sale f rom 1 the - ,Iowa State, . t I P c3_ art-ic3.j Banl:s Or any other tit lebolder, shall be 6blig, L e d _nl to 0 Y..to devote suchland to those uses permitted c_ Under all app 1 i cah 1 c, City codes and ordinances and tllc,Urban Renew I al L I )r CITY. OF 101 -1 01,.!A M CIT By, ------------- j,,Z!Yor ATTESI': City T73 —er 1, 7 L t •b R: - SCIILDULE "A" Real Jistatc and Rc]ative Loan Values `- Parcel No. _Description- Parcel Purchase •,'Parcel Rel ativ Pri ce- • Loan`'.11a7 uc 64-1 •rhe"Wes L 130 feet of Lot 64, ]ot:a`City, ,Johnson -County, Iowa, including<the -West 130 ' feet of the Block 64 alley. $ 153,912.00$ 79;'456.00'- 6.5-1 Commencing at the Nort!li%!c corner of Lot 4 i Block 65,;_ in Iowa City, .Johnson County'; loma, according _to the'`'re- corded plat thereof,<thence South 74 Beet, -thence -Fast 60 feet;- thence North 74`feet, thence west 60 -feet to'`the place of beginning, and - $ 72,390.00 $-36.400.00 6S-4 The Last 23 icer of Lot 6 ' and all of Lots '7 and, $, Block 65, Iowa City, Johnson County,,-lowa accordi.ng.to the recorded - plat thereof. 5 174,307.00 $ 57,15.50 82-1 The Last 40 feet of Lot`], Block 82,-1oxa City, Johnson County, Ioira. S 66,000.00 $ 33,000.00 85-1 The North 200' feet of Block 83, including the Block; 83 alley, 1oil; a City, :. Johnson County, Iolaa, _ according to thc'recorded plat ,thereof and the College Street right of way -from -_ ' the -west line of Clinton - - Street to xhc Last l.in'e of Capitol Street. -_ S 2S9`,080.00 $ 144,540.0.0: 54-1 All of Block 84, 'including •._ the Block 84 alley, 101;a City,Johnson County, - 1owa, according to the recor.�od plat thereof. $ 563,200-00 $ 281;6.00.00_; 73-1 Lot 1; 2, -3 and- 4 in Block 93, lowa City, Johnson County, Iowa, according,` to the recorded plat thereof S 114,000.00 S 57,000.00 ,= - - • • " -2- 101-2 Lot"S- 6- 7 and 8; in Block 101, -Iowa City, Johnson County,"Iowa, according to the recorded plat thereof. $ 171,000.00 . $ "35.500:_00 102-1 The North 37 feet of the East_ 55 feet- of 'Lot Block 102, Iowa City, Johnson County, -lowa, according to the recorded Plat thereof: $ 14,896-00' $ 7,448.06 102=2 The Last 30 `feet`of the' ,Nlorth 63 feet of Lot 8;` Block 102,-1owa City,_ -Johnson County, 'Iowa, according to'thc recorded plat thereof. $ 15,075.00 $ 7,537.50' 102-3 ( 'The South 28 feet of Lot - - 102-4 ( `3 and all of -Lot -41 in - ( '-Block -102,„lowa'City, ( Johnson County, ;Ioiaa, ( according to the ( Plat thereof, and the ( ( Southerly 97 feet of the Block 102 �q 90,750.00 $ 45.375.00: alley. $ 52.500.00 $26,250.00, 103-3 The South half of Lot 6 and all _of -Lot 5,, Tilock 103, Iowa City, Johnson_ County, ,Iowa, ' according to the recorded plat thereof. $ 121 500.00 $„ 60.74000 TOTAL _ -- $],904,020.00 $ 952,000.00' I ._ i z OLD CAN TOL- I OhA STATE Exhibi t C to Loa n Agreement $952,-000.00 10143, City, Iowa FOR VALUE RECEIVED, Old Capitol Associates,, a partner-. ship organized a n d exis,ting under the 301,75 of the State of Iowa," promises s c s topayto the order;of tLhe Iowa -State-,Bank -$ . Trust Company, Towa.City, lowi, at its main office in -'Iowa City, Iowa, the sum of N i n c Hundred Fifty -two -Thousand and no/300 --------- -DOLLARS, L quartcr-�- w j. -L h interest thereon from the: da,e.hercof payab2c annually at the rate ofnine per cent per a7inum with- p2yr a o nt hereof, as follows: $171,250.00 on or before 12 months after date, and .$S79,765.00 on Or before 24 months after date, and $200,985.00 on or before 36 months after date. The makermayprepay in whole or in nart at any time T without penalty. -ed and delivered in accordance This note has been execut e� "with th e Loan Agreement dated .35)76 between the undersigned Maher and -.the- Iowa State--Bzink'& Trust' Company, Iowa City,, Iowa, and cvjdcnccs a borrowing underand subject to the.terms and,provisions thereof. -Upon the occur- T, renceof any of the events of. default specifidd-in said ],can - accruedi Agreement, the unpaid principal. and the - - nteT- st of this note may be declared to be immediately clue and payable in the manner and with -the -effec-t I-th-e-�rein pro-vid-dl -7 Principal and interest not paid whon due shall *draw, in- tcrest at the rate of nine per cent per annum, payaTblc quarter annually. f Upon default in payment oany -intcrcst or any' installment of principal, the.wholc amount then unpaid shall - holder. become due and payable for"thwi tb at the option Of--LthC withoutitbout notice. The undor signed, in thc.case of suit.beTcon agrees to pay attorney's fees. The undersigned further, waives, demand of payment, notice of non-payntent, protest- and, no -ti cc T thereof. OLD CAPITOL ASSOCIATES By By BV �4 4" _. . . . • • FINANCIAL SUMMARY February 17, 1976 ALL CITY FUNDS REVISED:IBUDGET-FY 1976 . ACTUAi. BEGINNING i ST7MA77;D BALANCE TOTAL TOTAL TIDING 'BALANCE GENERAL FUND: 7-1-75 RECEIPTS ExpENDITURES: `:7-1-76 ADMINISTRATION CaNIUNITYiDEVELOR4 NT - $ 472,059 $'1,062,938 $`1,287,136 $ 247,861 PUBLIC SAFETY: 104,484 404,938 507;136 ' 8,6491 Police`:Protection Fire Protection' (8,026) 977 595 941,613 . 27 956"_ - TRANSPORTATION::` (4,815) 747807 , 742,992 ' - TrafficControl Mass Transportation (78,539) 397,782 319,243 Maintenance (100,892) 657,666 606,162 171,729 581,065 Aireet_System Airport, ENVIROMENTAL PROTECTION: -213 102,734 -- 31;260 829;395 35,781 98, . Sanitation Cemete IY 100,457 531,006-631 463 (37,964) LEISURE F, ,CULTURAL OPPORTUNITIES: 108,799 67,952 2,883 'Recreation Parks 27,546 339,837 362,195 5,188 Library 51,505 2941909 346,414 TOTAL GENERAL FUAID 40 090 397'212 62 0_ 7_1,97q 357`122 7,003,144 314,955 $12Z DEBT SERVIrE FUND $ 298,521 $ 642,800 $ 942,909 $ CAPITAL PROJECTS FUNDS: Water System Improvements Parks f, Recreation Improvements $ 125,320 $ 61,325 $ 181,926 4,719 " " Pollution Control;Improvements 18,264 31';153 418,534 356,837 `446,169 Street System Improvements Bridge Improvements 59,275 1,169,446 331;841 1,187;913 56,149, 40 808. Parking Facility Improvements -Improvements 7,885 123,000 294,480 130;000 ", X885 Landfill -.331 = 294480 33122,790 _ Other Improvements_ 6`979 3 982'359 3;978;766 TOTAL CAPITAL PROJECTS 2350249 6,428;771 6573,8853 386 T___190,135 ` F.NI'ERPRISE FUNDS; ." Parking_ Revenue Sewer Revenue: $ 408,327 $ 287,900 $ 3791634 $ 316,593 Pollution Control Operations Sewer 205,969 669,373 727,323 148,019 _Reserves - Water Revenue: _ 204,692 145,285 95,610 254,367 - _ Water'Operations Water Reserves 244,039 1,182,587 1,310,665' 115,961. TOTAL ENTERPRISE FUNDS: 482678 1,545, 05 319 626 2,60 1 286-626 2,79 - 515 678 TRUST'6 AGENCY FUNDS: $ , ,858 1,350 618'". SPECIALlASSESSME<VTS-FUNDS: 11,554 $ 780,123 $ 744,482: $ 47,195 New`Construction Working Capital $ 2,246 $ 15,949 $ 13;500: $ 4',695 TOTAL SPECIAL ASSES( M[NTS 572 662 5 4,908 � 15,949 44 000 528 662 -57; TT)TAL ALL CITY FUNDS $32912;062 $16,544,388 $18,121 ,778 34 $2;3`,672 „ • • .1_ February 179 1976 CITY OF IOWA CITY a PROPOSED FY 1976 BUDGET REVISIONS EXPENDITURES GENERAL FUND ADMINISTRATION-PROGRAM Le islative FY 1976 Adopted Budget $ 364,562 Proposed Revisions: - _'..< Space Necds Study(829 $ Youth Services $f_haman Needs Project Nat'l. Endowment of Arts _(25'000) 12,500 Tornado 11arnin9 System 35,000 Additional Asst ,City Attorney 7500 City Attorney Services (c) 3000 Net Change $ 36,829 Revised.FY 1976 Budget $ 401;391 - Executive " FY 1976 Adopted Budget Proposed Revisions: - $ 172,144 Fuel ;Cost '(c) $ 38 - Vehicle Maintenance l fk mri Relations-Salary-Increase 1,137 Overtime 500 NetChange_. $ 1,676 Revised 'FY 1976 Budget $ 173,820 Financial Administration: FY 1976' opte Bu get_ Proposed Revisions: $ 590,456 Transit Liability Insurance- ' $ 21,000 t Cost-of Office Furniture`(c) 120 - " Net Change'. $ 21,120 - Revised FY 1976 Budget $ 611;576 Public Works Administration: 1976 A opt get Proposed Revisions: - $; 43,402 - Fuel-Cost"(c) $ 60 Vehicle Maintenance 155 Net Change - $ 215 Revised FY 1976 Budget $; 43,617 Government Buildins: opte ;Bu get " Proposed Revisions $ _ $ 56,732 *Identifies items which are carried forward from the FY 1975Budget were ordered but not for.on June since they paid 30, 1975. -2 - ADMINISTRATION PROGRAM SU%AIARY- FY 1976 Adopted Budget" $1,227,296 Proposed Revisions 59,840 REVISED FY 1976 BUDGET _$1,287,136 CMUNITY DEVELOPMENT PROGRAM - Plannin` 76 Adopted Budget- $_ 305,505 Proposed Revisions: Fuel Cost (c):-- $ .190 Vehicle Maintenance (c) :529 Transfer of Personnel to Engineering-- 63 833 ' Net Change $' (63,114) Revised FY 1976 Budget $': 242,391 En ineerin FY 1976 Adopted Budget $: 194,301 Proposed Revisions: -- Transfer of Personnel frau Engineering$ 63,833 Fuel Cost (c) :199 Vehicle Maintenance (c) 49 Net:=Change ' $ 64,081 Revised FY 1976 Budget h $ 2589382 * * COhtiJNITY DEVELOPMENT PROGRAM SUMMARY FY`1976'Adopted 'Budget - $ 499,,806 =: Proposed -Revisions 967 REVISED FY 1976 BUDGET $ 500,773 _ PUBLIC SAFELY PROGRAM PoliceProtection FY 1976 Adopteff Budget - $ 930,845 Proposed Revisions:- School Crossing Guards $ 1,900 Fuel`Cost (c) 4,151 Vehicle :Maintenance :(c) 2,067 - Equipment Maintenance _ 1,700 Animal Control Equipment 950 Net Change $ 10,768 Revised FY 1976 Budget $ 9419613 Fire Protection FY 1976 Adopt Budget $ 6931779 Proposed Revisions: Fuel Cost (c) $ 291 Vehicle Maintenance;(c) 643 Fire. Truck Purchase (c) 48,279 Net Change; $ 49,213 - - Revised FY _1976 Budget $ 742,9.92 _ • -3- • - PUBLIC SAFETY; PROGRAM SMt,1ARY' FY 1976-Adopted Budget $1,624,624 Proposed Revisions 59,981 Revised FY 1976 Budget * * * $1,684,605 TRANSPORTATION PROGRAM Traffic Control F 19 6 A opte Budget $ 299,422 _ Proposed Revisions: Fuel-Costs. Cc) $ 645 Paint Supplies (c) 6,160 Vehicle Maintenance (c) 464 Equipment Purchase (c) 635 Traffic Signalization Program Adj., 36,917 Road Use Tax Adjustments (Transfer) (25,000)f Net Change 19`821 Revised FY 1976 Budget $ '319 243 ' Mass=-Transportation -, FY 1976<A opte Bu get " $ 547,953 Proposed Revisions:: : -- ~Wardway Route (4 mo.) $ 17,000 Iuel_Cost (c) 54 Vehicle'Maintenance 16,058 - Net Change` -- W 33;112 Revised FY 1976 Budget $ 581,065 `_Street: System Maintenance -FY 1976 Adopted Budget $1,016,059 Proposed Revisions:: Fuel Cost (c) $ 1,670 Surfacing Materials (c) 670 Equipment Vehicle Maintenance (c) 8,796 - 1974Slabjacking Cc)- 28,908 Construction!-Adj. (FADS Proj. deferred)(90 000) Concrete Repair Program deletion (50,000) _ Road Use Tax _Adjustment 86 708 Net Change, $-(186,664) Revised FY 1976 Budget $, 829,395 Airport - FY,1976 Adopted Budget $ 32,181 ' Proposed Revisions:- " Paint Cost (c) $ 3,600 Net Change` $ 3,600 Revised FY 1976 Budget $ 35;781 TRANSPORTATION PROGRAM SUhiiARY FY 1976 Adopted Budget $1,895,615 Proposed, Revisions : 130'1 REVISED FY 1976 BUDGET-$l,765084' x a r ... -4- "ENVIRONMENTAL PROTECTION PROGRAM Sanitation 12 A opted Budget ' Proposed Revisions: $ 550,760 Fuel Cost (c) $ 647 Repair Supplies (c) 1,800 Vehicle Equipment Maintenance (c) 7,658 Equipment' Rental (c) -4500 Landfill Excavation Contract Reduct. _;(40,614), Purchase of Trucks (c) 106;712 ' Net Change ' $ Revised FY 1976 Budget $ 80,703 631,463 76Pte Adopted Budget $ 67,952 Proposed Revisions: $ _ ENVIRONMENTAL PROTECTION PROGRAM SUMMARY F1 1976 Adopted+Budget $ 618,712 Proposed Revisions 80703- Reviscd'.ry 1976Budgetft a $ 699,415 * LEISURE F, CULTURAL. OPPORTUNITIES PROGRAM Recreation FY 1976 A opted Budget $ 343;266 ' Proposed Revisions: Special Populations Involvement Prog. $ 14,073 - Fuel -Cost (c) 45 Baskets (c)` 1,500 Chemicals (c) 1,818 Vehicle Maintenance (c) 123 _ Bike.Rack:(c) 545 Office Furniture '(c) 825 Net Change - $ 18;929 Revised FY 1976 Budget $ 362,195 Parks FY 1976 Adopted Budget $ 301,409 Proposed Revisions: Fuel Cost (c) $ 4 Agricultural -Supplies (c) 2,500 Paint (c) 1,020 Equipment .& Vehicle Maintenance - 131 -- Tree -Trimming 15,000 College $ Market St. Walk (c) 9,550 Maintenance Costs: Reallocation: - ' Truck 81550 Asphalt Overlay Project 8 Z50 Net Change ' $ 45,005 Revised FY 1976 Budget $. 346;414 -5- • Lib FY-1946 Adopted Budget Proposed Revisions: $" 350,000 Library Stairway',(c) $ 5,925 Dftrofilm Readers (c) Net Change Revised FY 1976 Budget $ 7,122 ,357,122 ._ LEISURE $ CULTURAL OPPORTUNITIES FY 1976 Adopted PROGRAM SUMMARY Budget Proposed Revision $',994,675 Revised FY 1976 Budget 71;056 . $1,065,731 GIM. -*ML IUND SLiM4ARY FY 1976 Adopted Budget Revisions;. $6,860,728`" Revised FY 1976 Budget 142,416 $7,003,144 " DEBT SERVICE FUND FY 1976Adopted' Budget Proposed Revisions $ $ 942,909 CAPITAL PROJECTS FUNDS KEY: *All costs .but49,949 of R-14 **Reallocated to funding, Water Improvements incurred in,Water Operations of funds. East Side Park which was not_=eligible for HCDA #Entire.HCDA allocation for reallocated to the R-14 Improvements is $800,000. This amount various be`a $200,000 bond sale.' R -14 -projects with the remaining funding to Water System Construction - FY 1976opts - ;Bu get Proposed Revisions: $ 179,733 R-14.rWater"Improvements Sludge Treatment Project (Const. $ (34,784)*N Deferred) (44 000) 'Water Treatment Plant -final payment ' 80,997 _- Net Change Revised FY 1976 Budget 2.193 $ ..181,926 Park &'Recreation Construction 1976 ACOPted Budget Proposed -Revisions: $ 245,000 Recreation Center Planning Lower -Park Road (c) - $ (15000)** Recreation Center Roof `43,,891 Lower Park Road Asphalt Overlay 67,500 22,800 Dfercer Park Tennis Court (c)-19941 NPI FY 1975 (c) =. Englert`Tract - Parks =9,237 16,100 Net Change -_ Revised FY1976 Budget $ 164469 = $,-. ' 409;469 • -6- !: Pollution Control Improvements °FY 1976 Adopted Budget:$ 180,322 Proposed Revisions:" R-14 Sanitary Sewer $ 11,992 Infiltration -Inflow Analysis 22,000 Pollution Control Plant Improve. (Pending litigation Korshoj. Co.) 117,527 Net Change $ .151,519 Revised FY 1976 Budget = - $ 331,841 Street Construction 6 AdoptET Bu get $1,144,095 Proposed Revisions: R-14 Street,, Storms, F, Sidewalk $ (166,101)0 R-14 Street Tree. Planting 30,295#< Gilbert: St. Storm Sewer (139400) Benton St. Bridge Sidewalk (33,400) Army Reserve Entrance-Road--I1wy. 218 3,400 Bikeway.Projects -4,000 " Asphalt.Resurfacing 2,800 R-14 Ammenities 25,160# V.A. Turning Lane (c) 7,606 R-14 Trees (c). — _ 6,718 - $ (82;922) Revised FY 1976 Budget $1,061;173 Brid a Construction TY 197 A opte Bu get -Proposed Revisions: Park Road Bridge (TAUS) $ 130,000 Net Change $ 130;000 Revised FY 1976 Budget $ 130;000 .ParkinConstruction FT 1976` opte `Bu get 500;000 Proposed`.Revisions: Parking=Facility #1 ' $ (250,000) Washington/Clinton St. Lot 44,480.. Net Change (205;520) Revised FY 1976 Budget $ 294;480 ' Landfill Improvements FY 1976 Adopte Bu get $: 22,790 - Proposed Revisions $ _ Other Construction FY 1976A opte Budget $4,005,600 Proposed Revisions: R-14 Lighting $ 61,230#- R-14 Signals (16,500) River CorridorStudy (c) 20,000 Animal Shelter Replacement (100,000 ): • i Other "Construction (cont) , evisions.- Traffic Signalization Mass Transit Dev. $ (25,000) - Central Equip. Facility Study (c) Animal Shelter Study (c) 83,790 37;476 ;Policewomen's Locker Room- 7,500 - Burlington'St. Signals (c) 10,000 Library Roof 21;410. Library -Study 22,500 Net Change — 1400 Revised FY 1976 Budget $ 136,606 * CA1'TTAL PROJECTS FUNDS Sl1A?dARY * * $4,142,206 FY 1976 -Adopted; Budget Proposed Revisions $6, 277,540 Revised FY 1976 Budget__ ?26,345 * * * $6,573,885 ENTERPRISE FUNDS Parkin Revenue Fund FY 1976 Adop $u gct Proposed Revisions: - $ 326,855 Fuel Costs Vehicle`$ Equipment Maintenance -Resurfacing $ Plantings -Iowa 91 398 -Lot (c) Administration Transfer 6,695 Washington/Clinton St. Lot 1,115 Net Change 44,480 Revised FY 1976 Budget $ "52,779 Sewer Revenue Fund $ 379,634 Pollution Control Operations ' FY 1976,;Adopted -,Budget ,. Proposed Revisions: $ 706,934 Fuel Costs (c) Hose ;(c) $ 539 Vehicle $ Equipment Maintenance Refund_: (c) 1,075 3,007 Construction(c) 1,003: Sewer Sampler (c) 41073- Sewer Reserve (c) 1,412" Administration Transfer 12,000 Debt Service 12,805 Water;Quality;Project Funding 1 -6,400 - Net Change(31 925) Revised FY 1976 Budget $$ 22 89 Sewer Bond Retirement Reserves $ 727,323 FY 1976 A opte Bu get Proposed Revisions: $ 145: Transfers Out Net Change Revised FY; 1976 Budget $ 50;322) 95,610 - -8- SEWER REVB41JE FUND SUMMARY $ 852,866 FY 1976 Adopted Budget 29 933 Proposed -Revisions Revised FY 1976 Budget $ 822,933 WATER REVENUE FUND Water Operations $1,198,719 FY 1976 -Adopted Budget _ Proposed;Revisions: 7,500 Chemicals(c)$ 23 Fuel _Costc(c) Supplies .,.Pipe (c) 24,444 Vehicle f, Equipment Maintenance (c) T, 328 Meters- (c) 6,300 . 15,000 Hydrants (c) -16,875_- Debt Service` 'Water Reserve` Transfer (c) 18,000 - Administrative Transfer - 22 476 $ 111,946 Net Change Revised FY 1976 Budget - $1,310;665 `Water Bond Retirement Reserves $ 370,626 . FY Adopted Budget - .1976 Proposed Revisions: $ 84,000 - ( ) Transfers Out $(84000) Net Change Revised FL' 1976 Budget *-* $ 286,626 WATER. REVENUE FUND SUNVMY $1;569,345 }:Y 1976 Adopted Budget 27,946 Proposed Revisions Revised FY 1976 Budget $1,597,291 - ENTERPRISE FUND SUMMARY $2,749,066 FY -1976 Adopted Budget 50,792 proposed Revisions __.. $2,799,858 Revised FY 1976 Budget * * TRUST Fi ACENCY FUND ' Pension 6 Retirement Fund $ 743,834 PY 1976 AaOPTCCL Bu get Proposed Revisions: $ 648 Contributions $ 648 Net Change Revised FY 1976 Budget $. 744,482 SPECIAL ASSES94DWS 111M)S NEW CONSTRUCTION FY 1976 opte ,Budget` - Proposed Revisions: $ 130,000 -Sidewalk FY 1976 $ (130 ' ,000) Sidewalk 1974 (c) _ 30,300 Not Change - $(116-500) Revised FY 1976 Budget= $ 13,500 WORKING CAPITAL =i FY—j1S'lbCdopted Budget Proposed Revisions: $ _ $ '44,000 SPECIAL ASSESS!4NTS FWi DS SUMMARY FY 1976.Adopied°-Budget $' 174,b00 Proposed; Revisions (116,500) Revised FY 1976 'Budget $ 57,500 TOTAL CITY BADG= FUNDS WMARY FY 1976 Adopted Budget ' $17,748,077 7 Revisions 373;-7 Revised FY 1976 Budget - _ $18;121,778 - ` i ,. <.:�— _ s .:�F.. 3 _.._ ice. . n.�. S.x.^.0 ?.t.. �• .._ �•:: • -10- • February 17,.1976 CITY OF IOWA CITY PROPOSED FY 1976 BUDGET AMe4I) ENTS - RECEIPTS GENf� (c) -carryover item ADMINISTRATION PROGRAM FY 1976:Adopted Budget Proposed Revisions: General Revenue Sharing: . $ 996,513 Youth Services Reduction Gov't. $ Space Needs Study (c) Municipal -Assistance - J251000) 3,829 Tornado -Warning System Liquor Licenses - 351000 Magistrate Court Fines 5;000 Parking Fines 4,000 Administrative Transfer from 10,000' Enterprise Funds Council Chambers Rental 36,396 Net Change 2 800 - Revised FY 1976 Budget $ 66 42S CQ�itUNITY DFVELO $1,062,938 FY 1976 Adopted Budget Proposed Revisions: Property Tax Reallocation $ 500;994 Licenses $ Permits $ (104,056) Miscellaneous Revenue 9.000. Net Change- (1,000 Revised FY 1976 Budget $ (96,056) PUBLIC SAFETY PROGRAM $ 404,938 FY 1976. Adopted,Budget, Proposed Revisions: $1,705,481 Property Tax Reallocation Sale $ 23;921 of Animals Net Change(4'000) Revised FY 1976 Budget $ 19;921 TRANSPORTATION -PROGRAM $1,725,402 FY 1976°Adopted Budget Proposed; Revisions: $1,464,126 Road Use Tax 'Adjustment Transit Revisions: $(284,755) General Revenue Sharing Municipal Assistance 48,833 - Fare Reduction 122,329 Miscellaneous_ Revenue (146,500) ` Net Change 2,900 Revised FY 1976 Budget $` 257 193 - $1;206,933 • • -11- ENVIRONMENTAL PROTECTION PROGRAM I 1 opt u get Proposed Revisions: $ 596,448 -Property Tax Reallocation $ 45,357 Burial Permits _ (2,b00) Net Change $`- 43;357 Revised FY 1976 Budget $- 639,805 LEISURE $ CULTURAL OPPORTUNITIES PROGRAM FY 1976 Aaopted Bu get_ -_ $".,967 652 Proposed Revisions: Property Tax Reallocation $ 34,778 Library.Fines (5,000) Municipal Assistance,- ssistance -Special SpecialPopulations Involvement 5,000 General Revenue Sharing Special Populations Involvement 9,073 -Tree Trimming 15,000 Library Stairway (c) 5,455 Net Change' $ ' 64;306 Revised FY -1976 -Budget $T,031,958 GENERAL FUND SLMIARY FY 1976 Adopted Budget $6,231,214 Revisions - $ (159,240) (159,240) - Revised FY 1976 * * * $6,071,974 DEBT SERVICE RIND 1976 opted Budget $' 609,525 Proposed Revisions: _ Water $;Sewer Revenue Transfers - Abated_Issues33,275 Net Change -3-3,2-75- 3,275Revised RevisedFY 1976 Budget $ 642;800 CAPITAL PROJECT FUNDS Water Construction FY •.1976 Adopted Budget $ ;179,733 ProposedRevisions: HCDA.Reallocation to other R-14 Improv: $ (340784) Transfer.Reduction ='.Utilization of Existing Fund Balances, (84,000) Miscellaneous Revenue 376 Net Change $ (118;408) Revised FY 1976 Budget $ --.612325 -12- • ': Park & RecreationConstruction1976 A opte Budget Proposed °_Revisions: $ HCDA - East Side Park 263,000 General Revenue Sharing; $, (35,000) Englert Tract Recreation Center Roof 16,100 Fast, Side Park 671500 Recreation Center Planning 15,000 Lower Park Road; Cc) (15,000) , Mercer Park Tennis Courts; Cc) 43,891 NPI FY 1975 (c) 19,941 Federal Grant --Oak Grove 91237 Transfer 1n - Lover Park Road Asphalt Overlay Project (11,456) Miscellaneous Revenue 8,250 Net Change X371 Revised FY 1976 Budget $- 118,834 Pollution Control I $ 381,834 rovements get, Proposed Reevvisions:te HCDA Reallocation $ 132569 . Transfer Reduction - Utilizationof $ 11,980 Existing; Balances Federal Grant: (82,247) Pollution,Control Plant .Improve. Water Quay Projects litr 58,023 State -Grant- Pollution: 67,650 Control Plant Improvements Reimbursement - pending Korshoj 52,310' litigation (c) Miscellaneous`Revenue 116,007 Net Change X45 Revised FY 1976 Budget 224'268 Street Construction - $ 3s6,837 FY 1976 opte <Bu ' get Proposed. Revisions: $1,144,095 HCDA Reallocation Sale of Bonds for R-14`Street I $ General' Revenue Sharin rhe' Sharing 78,164 116,840) - Bike'aayys Transfers - Road Use Tax: 4,000 Asphalt Resurfacing Project Gilbert Street Storm Sewer__ 2,800 Benton Street, Bridge'Sidewalk - _. (18,400) ` Project reduction and utilization of balances R-14 Trees (c) (50,000)' Reimbursement - VA Hospital ,Cc) Miscellaneous -Revenue - 6,718 12,915 Net Change : 664 '. Revised FY 1976 Budget $ (— 79`979) $1,064,116 Y _ Brid a Constriction FY 1976:Adopted-Budget $ _0_ Proposed- Revisions: =Park Road Bridge -' Federal Grant $ 91,000 Transfer Road Use Tax _ 32,000` Net Change - .' $ 123,000 Revised FY 1976 Budget -- $ ,123;000 Parkin 'Construction opte �3udget Proposed Revisions: $ 500,000 Sale of Bonds $ (250,000) Transfer - Washington/Clinton St. Lot 44,480 Net Change $ (205,520) Revised FY 1976 Budget $ 294,480 Landfill; Improvements FT1 PT 705pt—e T Widget $ 22,790 Other Construction FT_1976A opte Budget- $4,005,600 Proposed -Revisions: Mass' Transportation Develop.,- Federal Grant $ `39,832 Contributions -U. of I. B Coralville- 36,068 HCDA'Reallocation (55,360) Transfer <Reduction :- Traffic Signalization Proj. deleted (25,000), Sale of Bonds: Animal Shelter $ (100,000) R-14 Signals 20,260, R-14 Lighting 79830 ' General Revenue Sharing: Equipment Facility Study` 37,476 Animal 'Shelter Study 7,500 Policewomen's, Locker Room 10,000 Ralston Creek Study (c) 11,483 River Corridor (c) 20000 ' Library Study14,200 Library Roof Repair 22 500 Net Change $ 118,789 Revised FY 1976 Budget $4,124,389 a CAPITAL PROJECT FUNDS`SU"RY _ FY 1976 Adcpted'Budget $6,247,787 Proposed Revisions 180,984 Revised FY 1976 Budget $6,428,771 a` _. _14- ilmn-RPRisr: Fum s PARKING IZM:Nlll: 1•liml 1. )optcd-TiuTct $ 287,900 51-I i t RIiVENUH 1UN1) .Pollution Control OpCnti.ons- FY 1976'Adopted Budget $ 574,373 -Proposed Revisions: Rate Increase Interest Income Reduction5 000 Net Change , $ -95,000 Revised FY 1976 Budget $ 669,373 - Sewer Reserve FY 1976 Adopted Budget $133,285 - Proposed Revisions: Transfer (c); $ 12,000 Net Change'' -- $ 12;000 Revised FY 1976 Budget $ 1451285 SEWER REVENUE SUMMARY FY 1976 Adopted Budget $ 707;658 Proposed Revisions 107,000: Revised FY 1976 Budget * * * $ 814,658 ;WATER REVENUE FUND Water Clperations FY 1976 Adopted Budget $' 1,133,540 Proposed Revisions:-.-- Rate increase $ 69,047 Interest Income Reduction 20 000 Net: Change $' 49;047 Revised FY 1976 Budget - $ 1,182,587 ` Water Reserve - FY 1976 Adopted -Budget $; 301;626 Proposed Revisions: Transfer (c)` $ 13,000 Net Change-- $ 18,000, Revised FY 1976 Budget $ 319,626 WATER REVENUE FUND SUMMARY FY;1976 Adopted Budget $ 1,435,166 Proposed Revisions 67,047 Revised FY 1976 Budget : $; 1,502,213 ENTERPRISE FUNDS SUMMARY FY 1976 Adopted Budget $ 2430,,724 Proposed Revisions , 174,047` Revised FY 1976 Budget $ 2,604,771 ***' • • _ls- TRUST. Fj AGI-NCY FUM S PENSION $ REFIRE4*wr FUND ' Adopted get $ 780,123 -; SPECIAL ASSESSMENT FUNDS: New onstruction un FY_:1976`Adopted Budget $ 5,000 Proposed.: Revisions: Transfer;- Road Use Tax for FY 76 Sidewalk- - $ (5,000) 1974 Sidewalk 6,300 Special Assessments 9;649 Net Change $ 10,949 - Revised FY 1976 Budget 15,949 Working Capital Fund_ FY:1976 Adopted Budget *'* * $ _p- SPECIAL ASSES94Wr .FUNDS SUMMARY - FY 1976 Adopted Budget $ 5,000 Proposed Revisions - 10,949 Revised FY 1976 Budget $ _ 15,949 TOTAL CITY BUMEfED-FUNDS SUMdARY -- - F ':19 6 Adopted Budget $16,304,373 Proposed Revisions 240,015.11,17 Revised FY 1976 Budget ',$16,544,388 - — 1: x k _ � URBAN 1 CITY OF IOWA CITY RENEWAL IMPROVRgEMrs February„17, 1976.' y SUW1ARY FY 1976 RECEIPTS:SET REVI� S REVISLb Streets, Storms F, Sidewalks HCDA Bond Sales $ 630,045 $ 51;099 $ 681,144* Subtotal 216 750 84 216,750 Trees $ Plantings 95 1 6516$–'81;144 HCDA Bond Sales $ 14,300 $ 27,065 . $41365 SubLighting $-- 1 3 230 , 230 Lighting ----- 3-77Z 5. HCDA —_ Bond Sales $ 18,600 $ (18,600) $ Subtotal Signals - 18, 00 79 830 6_30 79 830 0 HCDA Bond Sales $ 42,000 $.(36;760) -$ 5 240 Subtotal AMMenities - $-42, 0-00 20 260 1 500 20'260 25, p HCDA . Bond Sales $ - $ - $ Subtotal Water-Improvements– - �- 75 160 75 1 0 75 ' .'75 1 160 0 11CDA `. - Operating Revenue $ 44;733 949 ' Subtotal Sewer Improvements - 44, 33 30 000 30�b008 9 HCDA Contingencies - Bond Sale $ 501322 $ 11,980 $ 62,302 SODMARY OF RECEIPTS: 21,520 21;520 HCDA - Bond Sales $ 8000000 $ 0 $ 800,000 Operating Revenue 216;750 (16,750)200,000 TOTAL RECEIPTS ”- 30 000 30;000 EXPENDITURES:- Streets, Storms,; F, Sidewalks $ 846;795 Trees f, Plantings .Lighting 14;300 $(1656 ,51)* 681144*, Signals - 18;600 30,295 61230 44,595** 79;830** Ammenities $ Improvements Water 42,000 (16'500) 25,500** Improvements Sewer Improvements 44,733 75,160.75; (4,784 ) 160*h Contingencies 50 322 11 980 3 9;9.498, 62 .302 TOTAL EXPENDITURES -' 1 21520 21`520 *Includes FY'1975 expenditure of $450. 8$30,000 ,01 1$000 ** - expended in Water' Operations and funded with Water Revenue. ,Trees $ Lighting Plantings $ 44:595 Signals 79,830 Amnenities 25 0 Total, Improvements 75`5 225;085 :Project as. .def inrrt t,, 1 ,: