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Mounds View EDA September 28, 2009 Regular Meeting Page 2 7. EDA BUSINESS A. Authorize Fourth Dimension to Create and Install a New Wall Sign in the City Council Chambers. Economic Development Specialist Steinmetz presented two quotes to replace the wall sign in the Council Chambers. She pointed out that the Fourth Dimension quote includes a backer plate to cover damage that may be caused by removing the existing wall sign. Spectrum Sign Systems quote does not include such a backer plate Economic Development Specialist Steinmetz stated staff recommends awarding the bid to Fourth Dimension in the amount of $1,400 to be paid from the EDA’s 2009 Other Professional Services budget, leaving a balance of $63,556. Commissioner Mueller asked about the material of the current sign and the size of the new sign. Economic Development Specialist Steinmetz advised the new sign would be the same material (aluminum) and the sizes vary about 1.5 feet. She explained that each vendor would design the sign as directed by the EDA. Staff said that if the EDA uses a backer plate, the sign company should design it to look like a picture frame so that it looks professional. Economic Development Specialist Steinmetz stated staff would suggest the words “City of” be removed since the logo recently approved by the Council does not include those words. Commissioner Hull asked what types of expenses are taken from the Other Professional Services budget. Economic Development Specialist Steinmetz stated expenses would include consultant fees for EDA projects and she did not anticipate that the EDA would need more funds from this line item in 2009. Commissioner Mueller commented on the need for proper spacing to assure “Mounds View” appears as two words. Executive Director Ericson stated in 2008 this budget was used for legal fees, finance consultant fees, special project fees, environmental review fees, audit fees, the housing resource center and marketing fees. The expenditure under consideration would qualify as a marketing expenditure. Vice President Stigney asked about the projected need for this fund in 2010. Economic Development Specialist Steinmetz stated there may be some costs for an appraisal of the EDA- owned property, but that cost would not consume the entire budget for this line item. Executive Director Ericson commented on the ability for this budget to serve as a pass-through account for developer reimbursed expenditures. He noted this budget will have a balance remaining at 2009 year end that balance will carry forward to the 2010 budget. The EDA discussed sign color and whether a gold color would blend in too much with the current wall color. Economic Development Specialist Steinmetz informed the EDA of the input from the City’s cable operator who said that the gold color would stand out sufficiently on