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Attachment 2 <br />2026 Capital Improvement Plan <br /> Project/Initiative Summary <br />Department/Division: Skating Center <br />Project/Initiative Title: OVAL/Banquet Room Elevator <br />Total Estimated Cost: $160,000 <br />Funding Source: CIP <br />Annual Operating Budget Impact: $4,000 <br />Project/Initiative Description: <br />The industry standard lifespan for an elevator system is 15 to 30 years, with 20 years being a common <br />point to consider modernization or replacement. The elevator for the OVAL lobby is original to the <br />facility (1993). It is the only ADA access point to the lower level of the facility and the OVAL. <br />A 2024 elevator inspection showed that the elevator is near failure, and parts can no longer be procured <br />for maintenance repairs. <br />Asset Location: OVAL <br />Current Asset Installation Year: 1993 <br />Expected Lifespan for Asset: 25 years <br />Asset Location: OVAL Lobby Elevator <br />Page 46 <br />Qbhf!237!pg!472 <br /> <br />