Laserfiche WebLink
ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> 11. <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Paul Steinman, Director of 'c mic <br /> Development ' ' , <br /> DATE: February 8, 1999 <br /> SUBJECT: Agenda Memo for February 8, 1999 <br /> Meeting <br /> 5. Consider Request for Funding of City Entrance Monument Sion <br /> Issue <br /> The issue before the EDA at this meeting is to consider a request to <br /> fund a portion of the cost of constructing a new monument sign at the <br /> 1110 west entrance of the city near Lake Orono. <br /> Background <br /> In July 1998, the existing welcome sign near Lake Orono was <br /> destroyed. Due to this, staff and the Chamber of Commerce began <br /> discussions of rebuilding the existing sign or examining the <br /> construction of a new sign to take its place. The chamber formed a <br /> Sign Task Force, and the City Council agreed to fund the hiring of a <br /> consultant to provide several sign design options to the task force. <br /> Over the past 4 to 5 months, staff and the chamber have worked to <br /> solicit input on the sign design options from the public, City Council, <br /> Chamber Board, and others to select the one most desirable. Staff and <br /> the chamber Sign Task Force then began a process of figuring out how <br /> to reduce the overall cost of the sign by asking for contributions toward <br /> the project. It appears at this time that potentially 30 to 50 percent of <br /> the sign cost will be donated by local companies. The estimated cost of <br /> the option chosen is $21,000. <br /> Staff has also requested quotes from two local general contractors to <br /> coordinate the project. The general contractor will be required to hire <br /> io labor to lay the boulder wall, build the forms for the structure, <br /> 13065 Orono Parkway • P. O. Box 490• Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />