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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-35 <br />Useful Life25 years <br />Project Name <br />Business Center Drive Extension <br />Street Construction <br />Category <br /> Description <br />Extend Business Center Drive from Waco Street west to Big Lake Township <br /> Justification <br />The project will complete a long planned connection of a frontage road system from Waco Street to Big Lake Township to better serve <br />transportation needs in the area. The project will further complete a water system loop and add sewer service to an unserved developable parcel. <br />ExpendituresTotal <br />20222023202420252026 <br />Land Acquisition 70,00070,000 <br />Design/Construction <br />630,000630,000 <br />700,000700,000 <br />Total <br />Funding Sources20222023202420252026Total <br />Tax Abatement 700,000700,000 <br />700,000700,000 <br />Total <br />2022-2026 CAPITAL IMPROVEMENT PLAN <br />31 <br />