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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2024 thru 202� <br />Project# PF'-(4 <br />rro�e�tName Trail Development-Mega Loop <br />l�escription <br />Trail extensions and ADA improvements on the following road segments: <br />1) Cleveland St NW (CR 40) - CR 12 to south of Twin Lakes Pkwy <br />2) Mississippi Rd NW (CR 30) - Troy StNW to Naples StNW <br />3) Mississippi Rd NW (CR 30) - Denver St NW to Orono Rd NW <br />4) Twin Lakes Rd NW - Twin Lakes Pkwy to Cleveland Rd NW <br />Department Park Improvement <br />Contact Public Works Director <br />Type Improvement <br />Useful Life 20 years <br />Category TrailImprovements <br />Justification I <br />Crail exptensions and ADA improvements allow for increased options of multi-modal transportation and create a safer path for users to bike, walk, <br />�nd roll. These extensions fill in gaps in the current city trail system along the county road system. <br />Expenditures 2024 2025 2026 2027 2028 Total <br />Trails 1,650,000 1,650,000 <br />TOt�l 1,650,000 1,650,000 <br />Funding Sources 2024 2025 2026 2027 2028 Total <br />Federal Grant 830,000 830,000 <br />Municipal State Aid 450,000 450,000 <br />Park Dedication 370,000 370,000 <br />TOtal 1,650,000 1,650,000 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />