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CAPITAL PLAN <br /> <br />City of Elk River, Minnesota <br /> <br />2003 thru <br /> <br />Project # II-07 <br />Project Name Main Street Intersection Improvements at Hwy 10 <br /> <br /> Enterprise Fund no <br />Other Funding Commitment no <br /> <br />Description <br /> <br />2007 <br /> <br /> Contact Engineer <br /> Department Infrastructure Improvements <br /> Type Improvement <br /> Useful Life 99 years <br /> ~l Category Street Construction <br /> <br /> Priority 2 High Priority <br /> <br />Total Project Cost $691,812 <br /> <br />Modify intersection to improve traffic flow. <br /> <br />Justification <br /> <br />· Expenditures 2003 2004 2005 2006 2007 Total Future <br />Construction & Overhead (28%) 541,812 541312 ~ <br /> Total 541,812 541,812 Total <br /> <br />Funding Sources 2003 2004 2005 2006 2007 Total Future <br />Federal Grants 300,000 300,000 ~ <br /> <br />MnDOT Cooperative Funds <br /> <br />241312 241,812 Total <br /> <br />Total 541,812 541,812 <br /> <br />Page 9 of 50 Friday, September 13, 2002 <br /> <br /> <br />