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Agreement for Coventry Senior Living. The applicant was requesting another six months to record the plat with the County. <br /> <br />Peter Jesh, Coventry Senior Living, indicated he had received a commitment letter for financing and the bank was requesting an appraisal. This was a huge step in the right direction. <br /> He would continue to finalize the plans in hopes of having them completed the end of May with work beginning in July. <br /> <br />Mayor Flaherty questioned if any of the proposed units would subsidized. Mr. Jesh estimated that 10-12 units would be subsidized. This would be reviewed further with the bank. <br /> <br />MOTION/SECOND: Gunn/Mueller. To Waive the Reading and Adopt Resolution 7951, Reapproving the Final Plat & Developer’s Agreement for Coventry Senior Living. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br /> K. Introduction & First Reading of Ordinance 872, Amending Chapter 1008 of the City Code about Dynamic Display Signs. <br /> <br />Planning Associate Heller proposed an amendment to the dynamic display sign Ordinance. She explained the amendment would now allow for dynamic display signs to be mounted on buildings <br /> if size requirements were met. She reviewed the other language changes and recommended approval of the language amendment in Ordinance 872. <br /> <br />Council Member Stigney questioned the allowable size of dynamic display signs on buildings, both in Mounds View and neighboring communities. Planning Associate Heller indicated this <br /> varied greatly depending on the zoning district and size of the building. She noted the signs could be located on two sides of the building. <br /> <br />MOTION/SECOND: Mueller/Gunn. To Waive the First Reading and Adopt Ordinance 872, Amending Chapter 1008 of the City Code about Dynamic Display Signs. <br /> <br />Council Member Stigney expressed concern that the language has become too open ended. He recommended the language be more restrictive. Planning Associate Heller stated a controlling <br /> factor to the size and scope of these signs would be the expense of these signs. <br /> <br />Mayor Flaherty stated the number of signs per building was not limited through the current language. He agreed with Council Member Stigney and was in favor of limiting the number of <br /> signs to three per building. He suggested Staff further review the language prior to the Second Reading. <br /> <br />Council Member Stigney requested Staff review the sign codes for neighboring communities as well. <br /> <br /> Ayes – 4 Nays – 1 (Stigney) Motion carried.