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7 <br /> /g <br /> MEMO TO: MAYOR AND CITY CO <br /> 111 FROM: CLERK-ADMINISTRATOR Voir <br /> DATE: JUNE 12, 1990 <br /> SUBJECT: CITY ENTRANCE SIGN LOCATION <br /> Attached please find correspondence I received from Mr. R. J. <br /> Dineen of the Minnesota Department of Transportation, Office <br /> of Right-Of-Way and Surveys advising that the parcel of <br /> property on the northwest corner of County Road H and Highway <br /> 10 is now available for purchase by the City in the amount of <br /> $1,495.05 . As you will recall, we have had previously <br /> requested authorization to acquire this property from MnDOT in <br /> order to place a city entrance sign at this site. <br /> I received an opinion from our consultants on tax increment <br /> financing that the purchase of this land and the construction <br /> of an entrance sign is an eligible activity for the Mounds <br /> View Business Park Tax Increment District and, therefore, all <br /> expenses related to the purchase of the land and construction <br /> of the sign could be charged to the Mounds View Business Park <br /> Project. Should you find the proposal from MnDOT acceptable, <br /> I would ask that you approve it at your next regular meeting <br /> • authorizing payment from the Tax Increment Fund in order that <br /> acquisition can be made. At the same time I will be <br /> finalizing drawings and a design for this site with the <br /> company we have been working with for the entrance sign on the <br /> west side of the City and will be bringing the final drawings <br /> and landscaping plan to you for your approval. It is my hope <br /> that both of these signs can be completed before the end of <br /> this construction and planting season. <br /> DFP/MJS <br />