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5.0.-6.0. EDSR 08-12-1996 ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY Items 5 & 6 MEMORANDUM TO: Economic Development Authority ROM: Paul T. Steinman, Director of Economic Development DATE: August 8, 1996 SUBJECT: Agenda Memo for August 12, 1996, EDA Meeting 5. Discussion: Signage Funding Request -Murn Beck • Murn Beck, president of the Rivers Edge Downtown Development Corporation, has asked to appear before the EDA to request the funding of three historic downtown Elk River signs. A letter from Murn Beck is attached. 6. Discussion: Gazebo-Rivers Edge Downtown Development Corporation Representative Murn Beck, president of the Rivers Edge Downtown Development Corporation, was scheduled to appear to discuss the gazebo funding issue. Due to the fact that the Council authorized providing funding of $10,000 for the gazebo, it is not necessary for the EDA to discuss this issue at this time. s:eda\agmm812.doc • 13065 Orono Parkway • P. O. Box 490 • Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612) 441-7425 Equal Opportunity Housing and Equal Opportunity Employment • July 19, 1996 Economic Development Association: The River's Edge Downtown Development Corporation went to the City of Elk River to ask for help in the funding of three historic downtown Elk River signs to be located on Hwy 10 & Jackson, Hwy 10 & Main St. and Hwy 10 & 4th St. NW. The city graciously gave us 1/3 of the cost which came to a total of$750.00. • We will be coming before the EDA meeting on August 12th to ask for some funding to help with 1/3 of the cost for the two smaller signs. The River's Edge Downtown Development will be picking up the remainder of the cost and installation. If you have any questions please contact me at 441-2256. Sincerely, ObtriMi Noee-4-Y Murn Beck President •