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Pavement <br />Management <br />- <br />Parking <br />Lots/Trails <br />2025 thru 2029 <br />Capital Improvement Plan <br />Elk River, Minnesota <br />Project #PM-02 <br />Project Name Pavement Management - Parking Lots/Trails <br />Total Project Cost $2,000,000 Department Infrastructure Improvements <br />Type Maintenance Category Street Maintenance <br />Priority n/a Status Active <br />Useful Life 15 years Enterprise Fund no <br />Other Funding <br />Commitment <br />no <br />Description <br />Overlay and sealcoat public parking lots and trails as needed <br />Justification <br />Projects will be prioritized based on condition and available funding after all street maintenance project needs are met. <br />Prior Expenditures 2025 2026 2027 2028 2029 Total <br />1,100,000 Parking Lot 350,000 0 350,000 0 0 700,000 <br />Trails 0 200,000 0 0 0 200,000 <br />Total 350,000 200,000 350,000 0 0 900,000 <br />Prior <br />Funding <br />Sources 2025 2026 2027 2028 2029 Total <br />1,100,000 Pavement Management 350,000 200,000 350,000 0 0 900,000 <br />Total 350,000 200,000 350,000 0 0 900,000 <br />Produced Using Plan-It CIP Software Page 15 / 59Page 74 of 211