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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2008 thru 2012 <br />Project # OV-03 <br />Project Name Assessable Street Overlay Projects <br />Type Improvement Priority n/a <br />Useful Life 15 yeazs Contact Engineer <br />Category Street Maintenance Department Infrastructure Improvements <br />Street overlay projects or other street rehabilitation procedures that are assessable to benefitting properties. <br />Justification <br />~n overlay of streets starting to show surface wear will extend their useful life and postpone the need for a much more <br />;xpensive reconstruction project. <br />Expenditures 2008 2009 2010 2011 2012 Total <br />Construction/Maintenance 500,000 550,000 600,000 1,650,000 <br />TOta1 500,000 550,000 600,000 1,650,000 <br />Funding Sources 2008 2009 2010 2011 2012 Total <br />Capital Projects -Assessment 500,000 550,000 600,000 1,650,000 <br />Total 500,000 550,000 600,000 1,650,000 <br />Page 35 <br />