On July 16, 2019, City Council adopted Resolution R2019-073, approving the plans and specifications and ordering the advertisement for bids for the Wood Duck Trail Reconstruction Project CIF-19-008. On August 20, 2019, City Council adopted Resolution R2019-088, accepting the bids and awarding the contract for the Wood Duck Trail Reconstruction Project. 

The improvements have been constructed and are now complete. The construction costs are $341,302.80 and engineering/administration/legal costs are $29,060.08 resulting with a final total project cost of $370,362.88. The attached resolution declares total project costs, the final project funding amounts and the total cost to be assessed.  

The final assessment amount based on actual project cost per lot computes to be $14,706 per lot. This amount is calculated using the final construction costs in accordance with the City of Shakopee Assessment Policy. However, as discussed and proposed as part of the feasibility study and the Improvement Public Hearing based on the special benefit appraisal analysis conducted for this project, the final assessment amount is recommended to be capped at $12,000 per unit/lot.

Project funding sources include the Capital Improvements Fund, the Storm Drainage Fund and special assessments to the benefitting properties. The following summary provides the estimated amounts based on bid award and the final project amounts based on actual costs.