2025 Budget for the City of Shakopee

116

2025 Annual Budget

Fund: Capital Improvement Fund

Description of Services: The Capital Improvement Fund is for the various infrastructure projects in the City. These services are overseen by the City Engineer with the assistance of other staff as required. Accomplishments:  Completed construction of the Eagle Creek Boulevard and Vierling Drive roundabout improvements. The project was completed in under 3 months, opening prior to the school year, and under the approved budget.  Partnered with Scott County to complete intersection improvements at the CR101/Shenandoah Drive, CR83/Valleyview Drive and CR69/CR78 intersections.  Began the first phase of a 4-year Downtown Improvement Project, which includes replacing deteriorating streetlights, crumbling brick pavers and diseased trees along with constructing an ADA accessible sidewalk system.  Rehabilitated over 10 miles of roadways city-wide (6% of total city-owned roadways) Goals/Challenges:  Infrastructure costs continue to rise, increasing the cost of annual pavement management.  New growth requires an infrastructure network designed to support the increased traffic. The city must balance the cost of maintaining the existing infrastructure with the need to provide additional capacity system-wide.  The city continues to research and develop procedures and systems to extend the life of roadways. Lower cost proactive maintenance saves the need to spend more money reconstructing infrastructure before it is needed.

Performance Measures:

Actual 2022

Actual 2023

Projected 2024

Projected 2025

Number of Projects Total Overlay Projects

5

6

7

7

$74,764

$2,355,127 $2,123,055 $5,761,033

$5,490,000 $335,000 $2,737,000

$3,220,000 $5,995,400 $4,883,000

Total Reconstruction/Rehab Projects

$2,696,465 $2,078,863

Other Projects

Capital Improvement Plan: The City prepares a five year capital improvement program (CIP). A separate CIP document was approved by Council on November 6, 2024. The CIP book provides a summary of each project location, description and source and use of funds.