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Capital Improvement Plan <br />City of Elk River, Minnesota <br />Project # FS -03 <br />Project Name Fire Station #3 <br />Description J <br />',onstruct Fire Station #3 to decrease call time for eastern part of City. <br />2020 thru 2024 <br />Department Fire Stations <br />Contact <br />Fire Chief <br />Type <br />Building <br />Useful Life <br />50 years <br />Category <br />Buildings <br />Justification <br />3ased on current population growth, a station will be needed in the eastern area as an enhancement for response time. <br />Expenditures 2020 2021 <br />Design 300,000 <br />Construction 6,000,000 <br />Total 300,000 6,000,000 <br />2022 2023 2024 Total <br />300,000 <br />6,000,000 <br />6,300,000 <br />Funding Sources 2020 2021 2022 2023 2024 Total <br />Capital Improvement Bonds 6,000,000 6,000,000 <br />Government Buildings Reserve 300,000 300,000 <br />Total 300,000 6,000,000 6,300,000 <br />2020-2024 CAPITAL IMPROVEMENT PLAN <br />