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AGENDA ITEM #10.1 <br /> city of <br /> Pe uot <br /> q <br /> Lakes — - <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: September 5, 2017 <br /> Subiect: Pedestrian Directory Signs License & <br /> Maintenance Agreement <br /> Report: In 2012, the City entered into the attaclied <br /> License and Maintenance Agreement with Jessie Jane's <br /> Signs and Graphics, LLC for the installation and <br /> maintenance of pedestrian directory signage within the <br /> downtown area of the City. To date, there are currently <br /> two signs installed out of six potential sites with eight <br /> businesses participating. I was recently contacted by <br /> Community Action of Pequot Lakes regarding their <br /> willingness to take over these pedestrian directory signs <br /> and market the available spaces to local businesses at a <br /> reduced price. However, per the Agreement with Jessie <br /> Jane's Signs and Graphics, these signs are owned by Jessie <br /> and she would relinquish ownership for a buyout price of <br /> $1,900. Community Action is no longer interested due to <br /> the buyout price. <br />