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Mr. Gandel stated that the ownership group is not a big fan of things like the big gorilla on the <br />roof or the dancing guys. He stated that their perception is that this "dumbs" down the building. <br />Member Kiefer stated that the electrical costs appear high to him <br />Mr. Hebert stated that the costs are higher because they will need to go through the asphalt and <br />concrete. <br />Member Jeffrey asked if the ownership group was willing to have community events advertised <br />on the LED signs. <br />Mr. Gandel stated that he would be happy to bring this suggestion to them. <br />Member Jeffrey stated that his feeling is, if the City participates in the costs of the signs, that the <br />trailer signs have got to go. <br />Mr. Gandel stated that will be fine and noted that those signs do not meet City code anyway. <br />Member Elvig stated that they don't, but the signs have still been on site. <br />Mr. Gandel stated that there is no on -site management of this building and agreed that sometimes <br />the tenants have taken liberties. He stated that there is a lease and the ownership group will <br />enforce these things if they are aware of them. He agreed that they have been more liberal lately, <br />but noted that if the City moves forward with this project, they will see that the leases are <br />enforced to the "T ". <br />Member Kiefer noted that the temporary trailer signs are allowed in the City for short periods of <br />time. <br />Member Jeffrey noted that they are allowed, if the user has gotten a permit. <br />Member Elvig asked if there needed to be 3 bids for the signs if the City was going to participate <br />in costs. <br />Economic Development Coordinator Sullivan stated that as long as the City is only reimbursing <br />them for a portion of the project, there does not need to be 3 bids. <br />Member Elvig asked if the City was going to participate, whether there was a better sign or <br />approach, such as the earlier suggestion of the multi - colored LED sign. <br />Mr. Hebert stated that depending on the City's participation, they could potentially take a look at <br />taking their sign a step further. He stated that the difference between the red LED light and full <br />spectrum LED is similar to the difference in television technology with the tube technology <br />versus HD technology. He stated that because they are using the existing pylon, the size and <br />dimensions will stay the same. <br />Economic Development Authority/March 20, 2008 <br />Page 6 of 8 <br />