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Capital Improvement Plan 2022 rhru 2026 <br />City of Elk River, Minnesota <br />Project # 11-35 <br />Project name Business Center Drive Extension <br />Description <br />xtend Business Center Drive from Waco Street west to Big Lake Township <br />Department <br />Infrastructure Improvements <br />Contact <br />Planning Manager <br />Type <br />Infrastructure <br />Useful Life <br />25 years <br />Category <br />Street Construction <br />Justification <br />[be project will complete a long planned connection of a frontage road system from Waco Street to Big Lake Township to better serve <br />ransportation needs in the area. The project will further complete a water system loop and add sewer service to an unserved developable parcel. <br />Expenditures 2022 2023 2024 2025 2026 Total <br />Land Acquisition 70,000 70,000 <br />Design/Construction 630,000 630,000 <br />Total 700,000 700,000 <br />Funding Sources 2022 2023 2024 2025 2026 Total <br />Tax Abatement 700,000 700,000 <br />Total 700,000 <br />700,000 <br />2022-2026 CAPITAL IMPROVEMENT PLAN <br />