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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2023 thru 2027 <br />Praject # jl-�$ <br />P�o]e�tNan�e Kelley Pkwy/Twin Lakes Rd/TH 10Intersection <br />Department infiastructure Tmprovements <br />Contact Public Works Director <br />Type Improvement <br />Useful Life 25 years <br />Category Strcct Consn-ucrion <br />Description I <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 />expansion and access control on TH 10/169 con�idor from 171 st 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 2024 2025 2026 2027 Total <br />Federal Grant 2,000,000 2,000,000 <br />MnDOT Cooperative Funds 1,000,000 1,000,000 <br />Municipal State Aid 3,000,000 3,000,000 <br />Special Assessments 500,000 500,000 <br />Total 6,500,000 6,50QOU0 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />31 <br />