12-19-1995 CC - Laserfiche WebLink

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MEMORANDUM DATE: November 29, 1995 TO: Mary Tatarek, Interim Finance Coordinator From: Cathy Bennett, Economic Development Coordinator (litfit---- RE: Rollover Requests for 1996 • The following is a summary of the rollover requests from the Economic De velopment Pr gramf or-1-995 into-tlre Economic Development?Togram Budget for 1996. Economic Development - Marketing: $1,770 from Account No. 100-4550-342, Advertisements These remaining funds in this account include the balance of the NSP Grant that is to be used to assist in funding Mounds View's 1995/96 Marketing Program. The banners have already been expended out of this account in 1995 but the remainder needs to be rolled into 1996 since the funds are to be used exclusively for the program. It is anticipated that the remaining funds will be used for various marketing activities in 1996 such as the "Buy Mounds View First"Program and a Mounds View Monument Sign. $1,150.00 from Account No. 100-4550-343, Printing These funds were designated for the printing of a Business Directory in 1995. We have not completed the production of the directory since an advertising policy for both the directory and Mounds View's newsletter needs to be evaluated at the Council level. Although we anticipate that a majority of the costs will be absorbed by advertising, we still need funds available in case the solicitation of advertising does not cover the total costs of design. production. printing and mailing. It is anticipated that an advertising policy will be presented to the Council in January with the directory produced this winter. Economic Development - Business Retention & Development: $2,000 from Account No. 100-4530-303, Other Professional Services The funds in this account are for professional services relating to Mounds View's business retention and development efforts. There is a balance in this account since the City did not decided to participate in some of the follow-up surveys of the Business Retention and Development Commission (RDC) in 1995. Rolling these funds over to 1996 would allow us to participate in RDC's 1996 work plan efforts as discussed at the December work session.