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IAA i 4r�I <br /> Capital Improvement Plan <br /> 2014 thru 2018 <br /> Department Infrastructure Improvements <br /> City of Elk River, Minnesota Contact Engineer <br /> Type Infrastructure <br /> Project# II-41 ! Useful Life 20 years <br /> Project Name Phase II Natures Edge Business Center Category Unassigned <br /> Priority n/a <br /> Description ' <br /> Design and construct public improvements to develop phase II of the Nature's Edge Business Center. <br /> Justification <br /> To provide larger light industrial/commercial lots to meet the increased demand requested by business relocating and/or expanding. The city has <br /> experienced an increase in the number of business inquiries requiring larger foot print that can handle truck traffic,and manufacturing and <br /> warehousing types of facilities with utilities already stubbed in. <br /> Expenditures 2014 2015 2016 2017 2018 Total <br /> Design/Construction 1,300,000 1,300,000 <br /> Total 1,300,000 1,300,000 <br /> Funding Sources 2014 2015 2016 2017 2018 Total <br /> City Development Fund 100,000 100,000 <br /> Economic Development Author 300,000 300,000 <br /> State grants 500,000 500,000 <br /> Trunk Utility Fund 400,000 400,000 <br /> Total 1,300,000 1,300,000 <br /> 2014-2018 CAPITAL IMPROVEMENT PLAN Page I <br />