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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2010 thru 2014 <br />Project # pR-69 <br />Project Name glverwalk Phase 2 <br />Type Improvement Department Park Development & Improve <br />Useful Life 25 years Contact Park & Rec. Director <br />Category Trail Improvements Priority n/a <br />Description <br />Trail connection between downtown Elk River and Babcock Memorial Park. Includes pedestrian lighting and elevated <br />walkway. <br />Justification ~ <br />~onnect new high density mixed use development in downtown with a natural and recreational resource. Makes a link <br />:o a potential trail to the Northstar rail station and Anoka County's proposed Mississippi River trail. <br />Expenditures 2010 2011 2012 2013 2014 Total <br />Planning/Design 167,379 167,379 <br />Construction/Maintenance 1,195,567 1,195,567 <br />Total 1,362,946 1,362,946 <br />Funding Sources 2010 2011 2012 2013 2014 Total <br />City Match (Misc. Reserve/MS 462,946 462,946 <br />Federal Grants 400,000 400,000 <br />Regional Trail Legacy Grant 500,000 500,000 <br />Total 1,362,946 1,362,946 <br />Page 29 <br />