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4eej-'' /9 <br />MEMO TO: MAYOR AND CITY CO C <br />FROM: C_LERR-ADMINISTRATOR <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 />