Budget Impact:
The city's cost share for the improvements and other associated costs as defined within the agreement will be funded by the 2019 Capital Improvement Fund. The preliminary total project cost is $468,407; the final cost will be determined upon completion of the project based on actual construction costs plus an additional 21 percent for engineering and administration.
It should also be noted that the city is responsible to pay for the relocation of several existing light poles that will be paid to the Shakopee Public Utilities Commission directly.