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Otsego approves participation in County Road 137/CSAH 37 improvement project; city share estimated at $661,000
Summary
The City of Otsego voted to sign a funding and construction agreement with Wright County and the City of Albertville for improvements to County Road 137/CSAH 37. The project’s total estimated cost is about $7.9 million; Otsego’s estimated share of $661,000 is planned to come from three city funds.
The Otsego City Council voted to approve a funding participation and construction agreement with Wright County and the City of Albertville for improvements to County Road 137 and County State-Aid Highway 37.
City staff said the project is still at the pre-bid stage. “These are still estimates at about $7.9 million,” Adam (city administrator) told the council, and Wright County has secured approximately $2.5 million in grant funding to lower the local cost.
The council’s nut graf: the city’s estimated share is $661,000, allocated across three funds. Staff described the breakdown as follows: Fund 203 (park development) would largely pay for a trail extension tying the Magnolia Landing development to Lift Station 7; Fund 414 (capital improvement revolving)…
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