Item Coversheet

*5.B.3.


Shakopee City Council
July 16, 2019

FROM:Michael Kerski, Planning and Development Director
TO:Mayor and Council Members
Subject:
Resolutions R2019-075, R2019-076 and R2019-077, which approve three applications to the 2020 State of Minnesota capital budget requesting funding from the general obligation proceeds.
Policy/Action Requested:
Adopt Resolutions R2019-075, R2019-076 and R2019-077.
Recommendation:
Approve Resolutions R2019-075, R2019-076 and R2019-077.
Discussion:

The City of Shakopee is applying for three funding opportunities from the State of Minnesota capital budget:

 

1. US 169 Pedestrian and Bicycle Overpass for $2.162 million.

2. Scott County Innovation Center for $4.174 million.

3. Cultural Corridor with Minnesota Riverbank Stabilization and Access for 11.753.

 

Capital budget bills generally are passed in even-numbered years. The State of Minnesota capital budgets includes funding to local government entities for projects primarily relating to the repair and construction of various types of infrastructure, including schools, parks, bridges and waste-water treatment facilities, etc. All three of the proposed projects fit within the funding perimeters.   

Budget Impact:
A 50% match in funding is required. The US 169 Pedestrian and Bicycle Overpass and the Riverfront projects are included in the 2019 - 2023 Capital Improvement Plan (CIP) and will be revised within the 2020 - 2024 CIP to match funding requirements. The Innovation Center project will be considered in the city's 2020 - 2024 CIP.
ATTACHMENTS:
Description
Resolution R2019-075
Resolution R2019-076
Resolution R2019-077