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The estimated total project cost is shown below for the two options from Lawrence Signs. In <br />each case there is sufficient funding to complete the project. <br /> <br /> <br />Staff presented this at the last YMCA Advisory Board meeting on May 2, 2016. The Board was <br />in favor or replacing the sign and recommended that instead of six panels (as shown) the sign <br />be reduced to 4 panels. This would result in a small savings of approximately $500 - $700. <br />Should Council approve the sign and desire the four panel sign staff will work with Lawrence to <br />make that change. In addition, the panels would be designed in a way such that a full width <br />sign could be installed in either the top or bottom slot. <br /> <br />The recommended location for the sign would be to the north of the entrance of the MVCC. A <br />review of the setback requirements for area shows that the sign will fit in that area. This location <br />would provide the best sight lines and visibility for the sign while not interfering with other signs <br />to the south of the entrance. <br /> <br />One final consideration the Council should keep in mind is consistency for future signs. For <br />example, should the City construct a ‘Welcome to Mounds View’ sign in the future Council may <br />desire to have similar aesthetic features for all the signs. In particular, the Council may want to <br />keep the curved portion of the sign below the actual message board which would add a unique <br />look to all of the signs. <br /> <br />Recommendation: <br />Council should select a preferred option from Lawrence Sign and approve the attached <br />resolution. Additionally, if Council desires to have the number of panels reduced staff will <br />coordinate that reduction with Lawrence Sign to make sure that change is incorporated. Should <br />the Council approve this project it would be completed by August 2016. <br /> <br />Respectfully submitted, <br /> <br /> <br />Brian L. Erickson, P.E. – Public Works Director/City Engineer <br /> <br />Item Cost Comment Cost Comment <br />Sign 24,765.00$ Option 2 - Basic Sign 31,999.00$ Option 1 - Similar to City Hall <br />Electrical 4,045.00$ 4,045.00$ <br />Contingency (5%)1,440.50$ 1,802.20$ <br />Subtotal Construction 30,250.50$ 37,846.20$ <br />Permits 800.00$ Estimated 800.00$ Estimated <br />Total Cost 30,250.50$ 37,846.20$ <br />Fund Amount Comment Amount Comment <br />Special Projects 40,000.00$ 40,000.00$ <br />Balance 9,749.50$ Amount over or (under) funded 2,153.80$ Amount over or (under) funded <br />TOTAL PROJECT COST <br />TOTAL PROJECT FUNDING