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Shakopee City Council
May 4, 2021
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| | | | | | | | | FROM: | Adam Bentson, Graduate Engineer | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Red Oak School Trail Project PR-20-005. | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2021-075, approving plans and specifications and ordering advertisement for bids for the Red Oak School Trail Project PR-20-005. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2021-075. | | |
| | | | | | | | Discussion:
The City's Capital Improvement Plan (CIP) contains the Red Oak School Trail Project PR-20-005. The project consists of constructing a multi-use bituminous trail on city owned property. The trail was identified in the Parks Master Plan as an important connection to complete the trail system in the Southbridge Area. | | |
| | | | | | | | Budget Impact:
The project is proposed to be funded by the Park Development Fund and the Tree Replacement Fund. Table 1 compares the overall budgeted amount in the 2021 CIP and the projected amount from the project feasibility.
Table 1. Cost and Funding Summary - CIP Project PR-20-005
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CIP Estimate
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Feasibility Estimate
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COSTS
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Construction Cost
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$ 130,150
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$ 165,000
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Contingency
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$ 6,850
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$ 8,250
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Subtotal
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$ 137,000
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$ 173,250
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Eng/Admin/Legal
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$ 30,000
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$ 30,000
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Total Project Cost
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$ 167,000
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$ 203,250
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FUNDING
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Park Development Fund
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$ 145,000
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$ 181,250 |
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Tree Replacement Fund
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$ 22,000
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$ 22,000
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| Total Funding |
$ 167,000
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$ 203,250
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The project is 21.7% over the 2020 CIP budget. Note that the original project was delayed from 2020 to 2021 due to coordination with CenterPoint Energy. Project cost increases are mostly a result of an additional year cost escalation and the updated detailed estimating as part of the final design based on recent comparative project costs. It is recommended to proceed with the understanding that actual project costs will be determined once the project is bid, possibly resulting in a lower overall project cost.
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