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CAPITAL PLAN <br /> <br />City of Elk River, M/nnesota <br /> <br />2008 thru <br /> <br />Project # FD-06 <br />Project Name Fire Station #3 - North <br /> <br />Description <br /> <br /> Enterprise Fund no <br />Other Funding Commitment no <br /> <br />2012 <br /> <br /> Contact <br /> Department <br /> <br /> Type <br /> Useful Life <br /> <br /> Category <br /> Priority <br /> <br />Total Project Cost <br /> <br />Fire Chief <br /> <br />Fire <br /> <br />Building <br /> <br />99 years <br /> <br />Buildings <br /> <br />5 Future Consideration <br /> <br />$2250,000 <br /> <br />Construct Fire Station tt3 to decrease call time for Northern part of City. <br /> <br />Justification ] <br /> <br />Based on current population growth, a station will be needed in the noah as an enhancement for response time. Land <br />should be secured now. The Comprehensive Plan and Tramsportation will assist in identifying a site. <br /> <br />Expenditures 2008 2009 2010 2011 2012 Total <br />Equipment 750,000 750,000 <br />Buildings 1,500,000 1,500,000 <br /> Total 2,250,000 2,250,000 <br /> <br />Funding Sources 2008 2009 2010 2011 2012 Total <br /> <br />Tax Supported Bond Issue 2,250,000 2,250,000 <br /> <br />Total 2,250,000 2,250,000 <br /> <br />Page 5 of 34 Friday, September 13, 2002 <br /> <br /> <br />