FAQs
What are the estimated construction costs and funding?
Shady Oak sidewalk
The total estimated construction costs, including engineering, administration, and contingency, are $500,000. The table below shows the city costs and funding necessary for the project, which are identified for construction in 2026 in the 2026-2030 CIP.
| Budget Amount | Proposed Funding | Expense |
Construction Costs |
|
| $300,000 |
Contingency |
|
| $50,000 |
Engineering, Administration, and Indirect Costs |
|
| $150,000 |
|
|
|
|
Opus TIF Improvements | $6,675,000 | $500,000 |
|
Total Budget | $6,675,000 | $500,000 | $500,000 |
Red Circle sidewalk
The total estimated construction costs, including engineering, administration, and contingency, are $650,000. The table below shows the city costs and funding necessary for the project, which is identified in 2024 of the 2023-2027 CIP.
Initial estimates for the project appear high for the work being completed, however are based on recent projects of similar type for this work. Bids will determine actual costs.
| Budget Amount | Proposed Funding | Expense |
Construction Costs |
|
| $450,000 |
Contingency |
|
| $50,000 |
Engineering, Administration, and Indirect Costs |
|
| $150,000 |
|
|
|
|
Opus TIF Improvements | $1,120,000 | $650,000 |
|
Total Budget | $1,120,000 | $650,000 | $650,000 |