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<br />Member Kiefer stated that he thinks going with the multi-color LED lights would really make a <br />difference and noted that there is an example on Hwy 65 and Osborne Road in Fridley. <br /> <br />Member Jeffrey suggested that the City consider participation on a percentage p.ot to exceed <br />amount. <br /> <br />Chair Riley reiterated that the focus is on directional signage. <br /> <br />Economic Development Coordinator Sullivan stated that staff is recommending that the City <br />participate at 50% of $33,580, focusing on the directional type signs. . <br /> <br />Member Steffen asked if this signage was contingent on what the EDA decides to do. <br /> <br />Mr. Gandel stated that decision has not yet been made. <br /> <br />;; <br /> <br /> <br />Member Jeffrey stated that this. is' a precedent that he does not want to start and he feels the <br />permit costs are minor. <br /> <br />.7 Member Elvig stated that if the EDA participates in 50% of the costs, that go_es towards picking <br />., up the permit fees anyway. <br /> <br />Member Steffen asked if the motion can include language that the City's participation is only for <br />directional signs~ Restated that he thinks the City will open a can of worms if it p~icipates in <br />marketing signs versus directional signs because oIthe median construction. Restateq. that if the <br />City states it will pay for ~ of the LED .sign, that will open the door for other companies to ask <br />for the same thing. Re stated that, in his opinion, the LED sign has nothing to do with the median <br />construction and is just a marketing sign. <br /> <br /> <br />. The EDA discussed the language of the motion. There was a Consensus of the EDA that the <br />EDA is interested in the _.ackage and sees the merit of participation in the directional <br />~ignage. ~ ill'!ue='Uomll"!lpec~ <br /> <br /> <br />Member Kiefer, seconded by Member LeTourneau, that the EDA wili participate up <br /> <br />Economic Development Authority/March 20, 2008 <br />. Page 7 of8 <br /> <br />-138- <br />