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Councilmember Musgrove introduced the following resolution and moved for its adoption: RESOLUTION #24-011 RESOLUTION APPROVING EDA FUNDING FOR REPLACEMENT OF ENTRANCE MONUMENT AT TH #47 AND BUNKER LAKE BOULEVARD NW WHEREAS, the entrance monument sign located at the NW corner of the intersection of Trunk Highway 47 and Bunker Lake Boulevard NW originally funded by the EDA was destroyed by an automobile crash; and WHEREAS, the City has received $4,500 in insurance money for the destroyed sign but has had to wait to replace it due to ongoing construction at the intersection of Trunk Highway 47 and Bunker Lake Boulevard NW which has now been completed; and WHEREAS, Staff asked three qualified businesses for quotes to construct a replacement monument sign consistent with City branding but only received one quote from Signation Sign Group for $23,643; and WHEREAS, Both the Public Works Committee and EDA made recommendations to the City Council to fund the replacement of the entrance monument in an amount not to exceed $26,000; and WHEREAS, the monument sign location at the northwest corner of Trunk Highway #47 and Bunker Lake Boulevard NW is an entry point into the city with lots of visibility and high traffic counts. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: 1) That the City Council of the City of Ramsey award the bid to construct the sign to Signation Sign Group for $23,643 and that the entire project cost (including landscaping and shrubs) to not exceed $26,000. 2) The City Council authorizes $21,500 from the Unencumbered EDA Fund Balance and $4,500 in insurance money to fund the replacement of the City Entrance Monument. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Woestehoff, and upon vote being taken thereon, the following voted in favor thereof: Mayor Kuzma Councilmember Musgrove Councilmember Woestehoff Councilmember Howell Councilmember Specht