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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2009 thru 2013 <br />leer # 1° ' <br />OV-OS <br />'~ <br />sect Name Main Street Mill and Overla ~f ` ~` ='~' <br />Y ~-... <br />r ,~_ <br />Type Improvement Priority n/a ' <br />Useful Life 25 years Contact Engineer <br />Category Street Construction Department Infrastructure Improvements <br />~ . _ . . <br />scription <br />1 main street from Lowell Ave to Bridge; remove millings, resurface, and restripe street. <br />Justification <br />Vlain Street was rebuilt in 1988, over the last 20 years there have been several open cuts of the street and numerous <br />;racks have developed. Given the amount of traffic Main Street carries (5,200-7,500 vehicles a day in 2007) its time to <br />•esurface the road. <br />Expenditures 2009 2010 2011 2012 2013 Total <br />Construction/Maintenance 500,000 500,000 <br />Total <br />Funding Sources 500,000 <br />2009 2010 soo,ooo <br />2011 2012 2013 Total <br />Special Assessments <br />Street Improvement Reserve 100,000 <br />400,000 100,000 <br />400,000 <br />Total 500,000 500,000 <br />Page 20 <br />