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Police Chief Auspos expressed a concern about traffic safety while people are trying to reading the scrolling message. Mr. Schroeder pointed out there will be a semaphore there. Councilmember Zimmerman asked if the Zoning Administrator or the Planning Commission has had a chance to review any of this information. Mr. Schroeder stated there is nothing in the code about such signs and that it has not yet been run by Sylvia. Mayor Hardin felt that $15,000 is too expensive but that he would not mind looking at a different proposal. Councilmember Beyer inquired if this has to be decided tonight and, if not, she would be more interested in discussing it after that intersection is improved. Mr. Schroeder responded that this issue did not have to be decided this evening. He suggested the sign is a good idea, but was also concerned about traffic. Mayor Hardin inquired what could be offered if we are interested in the $3,000 to $6,000 range. Councilmember Zimmerman felt that would be a more reasonable amount. Consensus of the Finance Committee was to recommend to Council that the Planning Commission should review this, find out participation level with a counter offer, and let the bank know that the City is probably not interested in participating without the intersection fkst being improved. Case #5: Looping Watermain in Conjunction with T.H. #47/C.R. #116 Intersection Project City Engineer Jankowski reported that, at the present time, the City utilities have water lines on both sides of T.H. #47, however, a watermain break south of 142nd Avenue would require interrupting service to all utility customers on that side of the highway. The commercial community is rapidly expanding and many of these businesses are dependent on water service from the City to provide integral services associated with their businesses. The initial stages of the 47/11.6 intersection project is scheduled to begin after Labor Day with the installation of storm water pipes. This project provides a unique opportunity to loop the watermain at C.R. #116 and thereby allow for the ability to back feed these areas. Normally, a utility crossing of a state trunk highway would be required to be jacked under the highway at a cost ranging betw~n $150 and $200 per foot. Installation, in conjunction with this project, will be allowed to be open trenched, eliminating the jacking cost. In addition, restoration costs will be eliminated. Motion by Mayor Hardin and seconded by Councilmember Zimmerman to recommend that Council adopt the resolution authorizing the installation of watermain along C.R. #116. Motion carried. Voting Yes: Mayor Hardin, Councilmembers Zimmerman, Beahen, Beyer and Peterson. Voting No: None. Finance Committee/August 27, 1996 Page 3 of 6