CONSTRUCTIONAMENDED

Opus Agreement Amended for Roadway Cost Sharing

The City of Shakopee is amending its Developer's Agreement with Opus Development Company LLC for the River Valley Business Park to require full reimbursement for Colburn Drive improvements and conditional reimbursement for County Highway 69 intersection work. The amendment changes cost sharing, releases Lot 1 Block 1 from the agreement, and allows special assessments up to $411,510.80 if Opus fails to pay, with the City Attorney to review an estoppel certificate for execution.

Status
AMENDED
Document date
September 1, 2026
Contract type
CONSTRUCTION
Vendor
Opus Development Company Llc
Agency
City of Shakopee · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$263,489.20; $411,510.80 (up to $675,000 total Plan B share)
Contract type
CONSTRUCTION
Contract term
Reimbursement for completed Colburn Drive; conditional reimbursement for CH69 roundabout if contract awarded by November 6, 2027
Renewal date
2027-11-06
Renewal
Original Developer's Agreement dated November 7, 2022 is modified to adjust reimbursement schedule and obligations and to terminate its application to Lot 1, Block 1 while remaining in effect for the rest of the property. Reimbursement for the CH69 roundabout is only required if the City awards the construction contract on or before 2027-11-06.
Document type
AgendaPacket
Source document
Shakopee City Council AgendaPacket Regular Meeting 2026-09-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Shakopee?

Opus Development Company Llc was awarded this construction contract by City of Shakopee, as recorded on September 1, 2026. The contract value is $263,489.20; $411,510.80 (up to $675,000 total Plan B share).

How much is the Opus Development Company Llc contract with City of Shakopee worth?

The Opus Development Company Llc contract with City of Shakopee is valued at $263,489.20; $411,510.80 (up to $675,000 total Plan B share), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Shakopee City Council AgendaPacket Regular Meeting 2026-09-01 (AgendaPacket), dated September 1, 2026 from City of Shakopee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Opus Development Company Llc hold?

Opus Development Company Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Opus Development Company Llc's profile

What is City of Shakopee currently buying?

Explore City of Shakopee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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