Item Coversheet

*4.B.3.


Shakopee City Council
AugustĀ 4, 2021


FROM:Michael Kerski, Planning and Development Director
TO:Mayor and Council Members
Subject:
Scott County Innovation Center Project Capital Budget Request Application
Policy/Action Requested:
Adopt Resolution R2021-117, approving an application for the Scott County Innovation Project Capital Budget Request.
Recommendation:
Accept Resolution R2021-117.
Discussion:

Capital budget bills are passed in even-numbered years. The State of Minnesota capital budget 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.

 

In June 2020 the City of Shakopee completed a feasibility study for the proposed Scott County Innovation Center. The study concluded the Innovation Center will centralize resources and opportunities for residents of Shakopee, Scott and Carver County, and beyond, with a focus on building diverse pathways into the workforce, through apprenticeships, vocational training, higher education, and entrepreneurship. It will function as an activity center including space for co-working, entrepreneurs, commercial kitchen, events, and both classroom and practical training. The proposed 36,000 square foot multi-use facility will be developed on a city-owned site located in Shakopee’s historic downtown and will function as a nexus of education, workforce training, and innovation to support economic development and opportunity in Scott County.

Budget Impact:

A 50% match in funding is required. The matching funds are in the 2021 - 2025 Capital Improvement Plan (CIP). 

ATTACHMENTS:
Description
Resolution R2021- 117
BA-20-005