NEW ULM — City Council approved a price tag of $14,082,302 for their Capital Improvement Plan Tuesday.

The improvement plan identifies the engineering projects the city will be involved in during the next year. Nearly $11 million in funding has already been accounted for. The remaining balance will be paid for through the city’s annual bond sale in the summer. With these two funding sources, there will be no financial impact on the people of New Ulm.

The most expensive project, totaling $5 million, will see 20th South Street from Broadway to the MN River Bridge completely redone. This section runs between Hy-Vee, Applebees, and the Royal Oak Event Center. The project will be a reconstruction of both the road and the utilities underneath it.

“That will probably be a four to five-month project by the time we get everything taken care of,” City Engineer Joe Stadheim said.

Another notable project covered in the improvement plan is the MnDOT roundabout. The project will be constructed at the intersection of North Highland Avenue and Highway 14 and total $2.4 million. This intersection feeds into Aldi and O’Reilly’s and is close to the Walmart and Westridge mini-mall.

“MnDOT will be leading and delivering the project for us,” Stadheim said. “It’s a project I think a lot of people in the city will be very excited for.”

Not all the projects are for the roads. A new recreational trail is going to be paved from 20th South Street to 7th North Street. This $308,000 investment seeks to continue the city’s goal of making New Ulm an easier place to walk and bike through.

Councilman Les Schultz thanked Stadheim for the dedication and thoroughness he took in completing this plan for the city.

“This is 44 pages of really detailed good information,” he said. “My compliments to you and your staff and putting this proposal together,”

There were no concerns with the improvement plan, and Schultz made the motion to accept it. Councilman Dave Christian seconded the motion. Stadheim said more information on the roundabout project will be presented by MnDOT at the Dec. 5 City Council meeting.