2023 City of Shakopee Budget

79

Budget Impact: The City of Shakopee is expected to grow to more than 60,000 residents by 2040 with much of that growth occurring the Jackson Township. The city annexed 250 acres of the Jackson Township and another large section was annexed into the city by property owners between CH 69 and 169. This will provide future area for Business Park growth. Windermere, the largest subdivision in the western end of the city, has been adding land for new development that includes a mixture of housing types including single family, townhomes, and apartments. In 2022 D.R. Horton added two new additions and lots for almost 300 homes that are now under construction. D.R. Horton also completed a city park that is integral to the subdivision. The Hauer Farm site on CH 17 was developed as Summerland and will eventually include more than 300 homes and 300 apartments. The initial phases began in 2021 and now includes townhomes and single-family homes. Lennar Multifamily also submitted, received approval and is under construction for 288 luxury apartments as part of the development. There were also many other subdivisions that were approved and started construction including Valley Crest on CH 83 with more than 150 homes of various sizes and styles by M/I Homes and Whispering Waters in the southeast corner being developed by Keyland Homes. Both subdivisions have completed many of their streets and many homes have been completed. Valley Crest is on its third section. The last industrial sites are being developed within existing parks and the city is working on other industrial areas. This includes the last site in Dean Lakes where Inland Development is under construction for more than 300,000 square feet of space along Highway 169. To the north, the last remaining business park site on 12th Avenue is under construction for the headquarters for Quality Forklift. Both projects should be completed in mid-2023. An EAW was completed for the Amphitheater proposed at Canterbury. The 19,000-seat venue will have a large roof structure and offer additional lawn seating along with amenities for attendees. Parking will be on site, at Canterbury lots and at remote lots controlled by MVTA. The Environmental Quality Board approved the EAW and the rezoning for the Amphitheater was approved with construction slated for 2023. Canterbury's Southwest Development was approved for the Omry, a luxury over 55 rental development that is now under construction. Across the street the new home for Bravis and Badger Hill's tasting room were approved and are now under construction for completion in mid-2023. A daycare complex was approved in the area and is expected to begin construction in 2023. The city received a grant from the Minnesota Historical Society towards creating a Multiple Properties National Register Nomination for the cultural corridor that is from the original Holmes Street Bridge to The Landing. A request for proposals will be issued and work should begin in 2023. The scope includes identifying additional archeological resources in the Memorial Park area.

Building permits continue to set a record pace and planners review everything from fence and deck permits to new homes.

EMPLOYEES

PERCENT OF GENERAL FUND EXPENDITURES

4.4

4.4

4.4

4.4

Planning & Development 2.0%

Actual 2020 Actual 2021 Budget 2022 Budget 2023

Number of Employees (FTEs)