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Capital Improvement Plan 2023 <br />City of Elk River, Minnesota <br />II-08 <br />Kelley Pkwy/Twin Lakes Rd/TH 10 Intersection <br />2027 <br />Infrastructure Improvements <br />Public Works Director <br />Improvement <br />25 years <br />Street Construction <br />Description <br />:�omplete frontage road Kelley Parkway and Twin Lakes Road extension to new signalized intersection on TH 10/169 at 168th Avenue <br />Justification <br />System expansion and access control on TH 10/169 corridor from 171st Avenue to 165th Avenue. <br />Expenditures 2023 2024 2025 2026 2027 Total <br />Construction 6,500,000 6,500,000 <br />Total 6,500,000 6,500,000 <br />Funding Sources 2023 <br />2024 2025 2026 <br />2027 Total <br />Federal Grant <br />2,000,000 <br />2,000,000 <br />MnDOT Cooperative Funds <br />1,000,000 <br />1,000,000 <br />Municipal State Aid <br />3,000,000 <br />3,000,000 <br />Special Assessments <br />500,000 <br />500,000 <br />Total <br />6,500,000 <br />6,500,000 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />