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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2008 thru 2012 <br />ect # jI-26 <br />ect Name TH10 Parking Lot <br />Type Improvement Priority n/a <br />Useful Life 20 years Contact Engineer <br />Category Street Construction Department Inliastructure Improvements <br />Description <br />[deconstruct bituminous surface, restrip and add lighting to the TH10 parking lot in downtown. <br />Justification <br />Che parking lot along the north side of TH10 is becoming more important with the opening of the two new buildings <br />iowntown. The bituminous surface has deteriorated to the point where reconstruction is the only option. Along with <br />~estriping, lighting will be added at no cost by the Elk River Municiapl Utilities to provide added safety. <br />Expenditures 2008 2009 2010 2011 2012 Total <br />Construction/Maintenance 80,000 80,000 <br />Total <br />Funding Sources so,ooo <br />2008 2009 80,000 <br />2010 2011 2012 Total <br />Street Improvement Reserve 80,000 80,000 <br />Total so,ooo 80,000 <br />Page 32 <br />