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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2012 thru 2016 <br />Project # OV-03 <br />Project Name Assessable Street Overlay Projects <br />Type Improvement Department Infrastructure Improvements <br />Useful Life 15 years Contact Engineer <br />Category Street Maintenance Priority n/a <br />Street overlay projects or other street rehabilitation procedures that are assessable to benefitting properties. The 2013 <br />project will be determined once the pavement management plan is completed, which is expected in March 2012. <br />Justification ~ <br />An overlay of streets starting to show surface wear will extend their useful life and postpone the need for a much more <br />expensive reconstruction project. <br />Expenditures 2012 2013 2014 2015 2016 Total <br />Construction/Maintenance 600,000 650,000 1,250,000 <br />Total 600,000 650,000 1,250,000 <br />Funding Sources 2012 2013 2014 2015 2016 Total <br />Special Assessments 600,000 650,000 1,250,000 <br />Total 600,000 650,000 1,250,000 <br />2012-2016 CAPITAL IMPROVEMENT PLAN Page 19 <br />