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dpi:. <br /> 11En <br /> Ani <br /> 1 <br /> • Elk RverArea <br /> Chamber:of Commerce <br /> • <br /> TO: City of Elk River Economic Development Authority <br /> FROM: Renee Sande, President of Elk River Area Chamber of Commerce <br /> DATE: February 1, 1999 <br /> SUBJECT: Funding for New Monument Sign 0 Lake Orono <br /> The Elk River Area Chamber of Commerce Board has endorsed a new "monument" style sign at Lake <br /> Orono. The sign would be constructed of stone ar0 concrete rather than the "billboard" style as was <br /> previously on the site. The former sign was damaged in a storm. The rotted structure made it cost <br /> prohibitive to repair. <br /> The Sign Task Force is comprised of representatives from the city, area businesses and service <br /> ak organizations. We are requesting funding to move forward with the construction of the sign. This <br /> gir cooperative effort between City of Elk River and tlae Chamber of Commerce will utilize area businesses <br /> to donate materials for the project. Most of the anf icipated sign expense will be labor costs. <br /> The estimated cost to construct the sign, including donations is $13,500. Area businesses are supporting <br /> the project with nearly $8,000 in donated materials.'and services. <br /> At this time, the Sign Task Force is requesting the EDA approve $13,500 in funding for the construction <br /> of a monument sign at Lake Orono. This sign would be beneficial to the EDA, the City, the Chamber <br /> and the entire Elk River community because of thepositive image it will project to new business and <br /> industry considering relocation and expansion opportunities. <br />