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Chairperson Riley stated he is not sure that he likes the word revitalization on the signs, as some of the work done by the EDA relates simply to redeveloping. Also, the larger print does not include anything about economics or development. Member LeTourneau replied in the big picture the signs are to have the EDA take credit for projects in the City. He does not think the community would care or know the difference between revitalization or redevelopment. Associate Planner Wald commented the language on the signs fits with the locations of the signs at this time. Member LeTourneau asked if the Board will be able to review the design before the signs go to printing. Member Strommen suggested the size of the logo and the words Economic Development Authority be increased. Associate Planner Wald indicated she will inquire about a price break based on the number of signs printed and the final concept will be emailed to the Board. The topic of the revitalization complete signs will be on the agenda of a future meeting. Member LeTourneau inquired if the development signs could be completed prior to the next meeting by staff communicating with the EDA through email. Associate Planner Wald replied she should be able to have something completed by next week. She indicated the price will be approximately $350 per sign at the worst case scenario. If the cost is less than this, additional signs could be purchased, and if the cost is more she will email the Board. Member LeTourneau asked if the signs are allowed for in the budget. Associate Planner Wald responded in the affirmative. Motion by Member LeTourneau, seconded by Member Steffen, to direct staff to purchase four to five development signs at a cost not to exceed $1,600, with the final concept to be reviewed by the EDA through email. Motion carried. Voting Yes: Chairperson Riley, Members LeTourneau, Steffen, Elvig, and Strom~nen. Voting No: None. Absent: Member Gromberg and Keifer. Case #2: Business Park Amenities Economic Development/TIF Specialist Sullivan reviewed with the EDA that at the last meeting the EDA directed staff to bring forth potential business park amenities and potential funding sources for those amenities. The EDA also stated that they would bring options to the next meeting to discuss. He explained EDA dollars are more flexible and thus the types of amenities that can be purchased are many. TIF eligible spending types would be streetlights and monument signs and it would need to be verified within each TIF plan. Inspection of current TIF plans favor these types of expenditures. Budgets for TIF districts vary from one another, but the area of interest, primarily the 116 Corridor, which represents TIF Districts Nos. 2 and 6, have the Economic Development Authority/December 8, 2004 Page 3 of 10