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CAPITAL PLAN
<br />City of Elk River, Minnesota
<br />
<br />2003 thru
<br />
<br />Project # PM-O1
<br />Project Name Pavement Management Program
<br />
<br /> Enterprise Fund no
<br />Other Funding Commitment no
<br />
<br />Description
<br />
<br />2007
<br />
<br /> Contact
<br /> Department
<br />
<br /> Type
<br /> Useful Life
<br />
<br /> Category
<br /> Priority
<br />
<br />Total Project Cost
<br />
<br />Infrastructure Improvements
<br />
<br />Improvement
<br />
<br />25 years
<br />
<br />Street & Utility Construction
<br />2 High Priority
<br />
<br />$7,500,000
<br />
<br />Replace aged and deteriorated streets, water mains, sewer mains, storm drainage, and pedestrian pathways.
<br />
<br />Justification
<br />
<br />Expenditures 2003 2004 2005 2006 2007 - Total Future
<br />Construction & Overhead (28%) 1,000,000 1,250,000 1,500,000 3,750,000 ~
<br />Total 1,000,000 1,250,000 1,500,000 3,150,000 Total
<br />
<br />Funding Sources 2003 2004 2005 2006 2007 Total Future
<br />
<br />Municipal State Aid 333,333 416,667 500,000 1,250,000 [ 3,750,000
<br />Special Assessments 333,333 416,667 500,000 1,250,000 Total
<br />Street Reserve 333,334 416,666 500,000 1,250,000
<br />
<br />Total 1,000,000 1,250,000 1,500,000 3,750,000
<br />
<br />Page 14 of 50 Friday, September 13, 2002
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