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Capital Improvement Plan 2022 rhru 2026 <br />City of Elk River, Minnesota <br />Project # II-34 <br />Project dame Nature's Edge Business Center III <br />Description I <br />construction of sewer, water, and street connecting 168th Circle to 165th Avenue <br />Department <br />Infrastructure Improvements <br />Contact <br />Planning Manager <br />Type <br />Infrastructure <br />Useful Life <br />25 years <br />Category <br />Street & Utility Construction <br />Total Project Cost: $2,370,000 <br />Justification I <br />3xpand urban services and roadway system from 168th Circle to 165th Avenue through a partnership with Cargill to expand industrial <br />levelopment. The connection will fracilitate a local street network for better access in the southeast portion of Elk River. <br />Sale proceeds of the industrial property will reimburse the funds providing the funding sources. <br />Expenditures 2022 2023 2024 2025 2026 Total <br />Design/Construction 2,370,000 2,370,000 <br />Total 2,370,000 2,370,000 <br />Funding Sources 2022 2023 2024 2025 2026 Total <br />City Development Fund 1,570,000 1,570,000 <br />Trunk Utility Fund 800,000 800,000 <br />Total 2,370,000 <br />2,370,000 <br />2022-2026 CAPITAL IMPROVEMENT PLAN <br />