The Otsego city council has approved an agreement to finance a share of a improvement project to County Road 137 and County State Aid Highway 37.
The financing and construction contract exists between Wright County and the cities of Albertville and Osego.
The project is estimated at 7,910.243 USD. With $ 2.5 million in state grants of $ 2.5 million, the net costs are 5,410.243. Otsego share of the project estimated, which were estimated according to city documents.
As soon as the project is component and the contracts of Wright County are awarded, Osego will be charged for 95% of the estimated local stock. After completing the project, the city will be charged for the rest of the local share of the actual project costs and for technical allocations.
Wright County plans to reconstruct County Road 137/Highway 37 from the west and east exchange ramps with Interstate 94 to east of the Maciver Avenue. The construction is expected to begin in 2025 and completed in 2026.