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20222026 <br />thru <br />Capital Improvement Plan <br />Infrastructure Improvements <br />Department <br />City of Elk River, Minnesota <br />Planning Manager <br />Contact <br />Infrastructure <br />Type <br />Project # <br />II-34 <br />Useful Life25 years <br />ProjectName <br />NaturEdgeBusinessCenterIII <br />Street & Utility Construction <br />Category <br /> Description <br />Construction of sewer, water, and street connecting 168th Circle to 165th Avenue <br /> Justification <br />Expand urban services and roadway system from 168th Circle to 165th Avenue through a partnership with Cargill to expand industrial <br />development. 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 />ExpendituresTotal <br />20222023202420252026 <br />Design/Construction 2,370,0002,370,000 <br />2,370,0002,370,000 <br />Total <br />Funding Sources20222023202420252026Total <br />City Development Fund <br />1,570,0001,570,000 <br />Trunk Utility Fund 800,000800,000 <br />2,370,0002,370,000 <br />Total <br />2022-2026 CAPITAL IMPROVEMENT PLAN <br />30 <br />