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<br />Capital Improvement Plan <br />City of Elk River, Minnesota <br /> <br />2008 thru 2012 <br /> <br />Project # OV-03 <br />Project Name Assessable Street Overlay Projects <br /> <br />Type Improvement <br />Useful Life 15 years <br />Category Street Maintenance <br /> <br />Priority 3 Important <br />Contact Engineer <br />Department Infrastructure Improvements <br /> <br />Description I <br />Street overlay projects or other street rehabilitation procedures that are assessable to benefitting properties. <br /> <br />Justification <br /> <br />I <br /> <br />An overlay of streets starting to show surface wear will extend their useful life and postpone the need for a much more expensive reconstruction <br />project. <br /> <br />Expenditures <br />Construction/Maintenance <br /> <br />Total <br /> <br />Funding Sources <br /> <br />Capital Projects - Assessment <br /> <br />Total <br /> <br />I Op=tionW hnp~~ <br /> <br />2008 <br />500,000 <br />500,000 <br /> <br />2009 <br /> <br />2010 <br />550,000 <br />550,000 <br /> <br />2011 <br /> <br />2012 <br />600,000 <br />600,000 <br /> <br />Total <br />1,650,000 <br /> <br />1 ;650,000 <br /> <br />2008 <br />500,000 <br />500,000 <br /> <br />2009 <br /> <br />2010 <br />550,000 <br />550,000 <br /> <br />2011 <br /> <br />2012 <br />600,000 <br />600,000 <br /> <br />Total <br />1,650,000 <br /> <br />1,650,000 <br /> <br />2006 CIP Draft 05/30/06 <br /> <br />Page 1'1 <br />