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<br />Capital Improvement Plan 2005 thru 2009 Contact Park & Rec. Director <br />City of Elk River, Minnesota Department Park Development & Improve <br /> PF-90 Type Land <br />Project # <br /> Useful Life Unlimited <br />Project Name Land Acquisition Land <br /> Category <br /> Priority 3 Important <br />Description I <br />2002 - Grace Church property <br />2006 - Trail corridor on CR77 North of Ridgewood <br />2008 - Trail Cooridor (Top of the World) total cost $1.7M less $350k developer park credit reduction <br />TBD - Gries Property <br /> ! <br />Justification I <br /> Expenditures 2005 2006 2007 2008 2009 Total <br /> Land Acquisition 1,350,000 130,000 1,480,000 <br /> Total 1,350 ,000 130,000 1,480,000 <br /> Funding Sources 2005 2006 2007 2008 2009 Total <br /> Park Dedication 350,000 130,000 480,000 <br /> State Grants/State Aid 1,000,000 1,000,000 <br /> Total 1,350,000 130,000 1,480,000 <br />2005 CIP Draft 3/30/05 Page 46 of 99 <br />