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Ordinance; subject to City Attorney Review(with suggested changes) <br /> 3) Something Else <br /> Funding Source: <br /> Construction, maintenance and operation of the sign will be by the iDigital Media. The City would receive lease <br /> revenue based on 25% of gross ad sales. There is no net cost to the City. <br /> Recommendation: <br /> The EDA met on February 10, 2022 and made a motion to recommend to City Council to approve the Lease <br /> Structure for Dynamic Display Billboard with iDigital Media as presented, subject to City Attorney review. <br /> and; <br /> The EDA met on February 10, 2022 and made a motion to provide comments to the Planning Commission and City <br /> Council an ad display duration interval of seven seconds and the approval of the sign spacing outlined in the draft <br /> ordinance. <br /> Both motions were passed unanimously. An excerpt of the Minutes from the February EDA Meeting is attached to <br /> the case for reference. <br /> Action: <br /> Motion to Adopt Resolution#22-128 Approving Lease With iDigital Outdoor, LLC for Dynamic Display Billboard <br /> Contingent on Adoption of Ordinance#22-19; subject to City Attorney review. <br /> Attachments <br /> Site Location Map <br /> ACTION-Resolution#22-128 <br /> ACTION-Lease for Dynamic Display Sign with Digital <br /> Draft Ordinance -Digital Billboard Section <br /> Reference-Resolution#21-131 <br /> Excerpt from Feb 10 2022 EDA Meeting Minutes- Reference <br /> Form Review <br /> Inbox Reviewed By Date <br /> Sean Sullivan(Originator) Sean Sullivan 05/31/2022 02:43 PM <br /> Brian Hagen Brian Hagen 06/08/2022 07:54 PM <br /> Form Started By:Sean Sullivan Started On:05/27/2022 10:25 AM <br /> Final Approval Date:06/08/2022 <br />