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Capital Improvement Plan 2020 thru 2024 <br />City of Elk River, Minnesota <br />Project # II -08 <br />Project Name Kelley Pkwy/Twin Lakes Rd/TH 10 Intersection <br />Department <br />Infrastructure Improvements <br />Contact <br />Public Works Director <br />Type <br />Improvement <br />Useful Life <br />25 years <br />Category <br />Street Construction <br />Description , I <br />Complete frontage road Kelley Parkway and Twin Lakes Road extension to new signalized intersection on TH 10/169 at 168th Avenue <br />Justification <br />>ystem expansion and access control on TH 10/169 corridor from 171 st Avenue to 165th Avenue <br />Expenditures 2020 <br />Design 600,000 <br />Land Acquisition 1,200,000 <br />Construction <br />2021 2022 2023 2024 <br />6,500,000 <br />Total 1,800,000 6,500,000 <br />600,000 <br />1,200,000 <br />6,500,000 <br />8,300,000 <br />Funding Sources 2020 <br />2021 2022 <br />2023 2024 Total <br />Federal Grants <br />2,000,000 <br />2,000,000 <br />MnDOT Cooperative Funds <br />1,000,000 <br />1,000,000 <br />Municipal State Aid 1,800,000 <br />3,000,000 <br />4,800,000 <br />Special Assessments <br />500,000 <br />500,000 <br />Total 1,800,000 <br />6,500,000 <br />8,300,000 <br />2020-2024 CAPITAL IMPROVEMENT PLAN <br />