On Tuesday, Wayzata city officials will give an update of the latest funding plan for the first phase of the Panoway Project (Lake Effect) which includes Lake Street, Lake Street Plaza, and the Dakota Rail Regional Trail, prior to consideration of bids.
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| Courtesy Lake Effect Conservancy/City of Wayzata |
This will take place at the city council workshop at 6 p.m. Tuesday, Feb. 18.
The Panoway Project is a part of the Capital Improvement Plan (CIP) as its own fund (officially named the Lakefront Improvement Fund).
Overall construction cost is projected at $9,049,790. Staff will go over the updated CIP in more detail at the meeting.
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| Courtesy Lake Effect Conservancy/City of Wayzata |
A re-bid for the construction work that is a part of Phase 1 of the Panoway Project went out January 30.
At the Nov. 19 city council meeting (Nov. 19), a professional services agreement with Stahl Construction for construction management services for Lake Effect’s first phase was approved.
The agreement includes $25,200 pre-construction services, approximately $100,000 for construction management, $50,000/month for construction services and $4,260/month for reimbursable expenses.
The expectation is that the Stahl expenses will decrease the overall project costs.
Lake Effect’s first phase essentially consists of Lake Street, Lake Street Plaza and the Dakota Rail Regional Trail Extension.
Stahl was brought in after bids for the first phase came in double the estimated costs earlier this year. The city council rejected those bids in July.
Stahl has been gathering feedback from Lake Street businesses and other stakeholders that will be impacted by the construction which is expected to last from March until September.
Meanwhile, Minnesota Gov. Tim Walz is recommending $10 million for a grant to the City of Wayzata for a boardwalk and for ecological restoration along the shoreline of Lake Minnetonka as a part of the Panoway Project’s Phase 2.
The money is a part of a $300 million proposed investment in water quality and infrastructure projects.
Minnesota lawmakers went back to work on Tuesday. The new session is scheduled to go through mid-May. The bonding bill will be one of the big talking points.
Wayzata is like many communities asking for the state’s help with locally-based projects.
There will be plenty of back and forth in St. Paul in developing what the final bonding bill will comprise.
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