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Capital Improvement Plan <br />City of Elk River, Minnesota <br />Project ii II-35 <br />Project Name Business Center Drive Extension <br />Pending Developer Project <br />2023 2027 <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 />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 />Expenditures <br />2023 2024 2025 2026 <br />2027 <br />Design/Construction <br />700,000 <br />700,000 <br />700,000 <br />700,000 <br />Funding Sources <br />2023 2024 2025 2026 <br />2027 <br />Yet To Be Determined <br />700,000 <br />700,000 <br />700,000 <br />700,000 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />