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6.4 Agr Signs Water Well Inter CITY OF SALINA REQUEST FOR CITY COMMISSION ACTION DATE 04/07/03 TIME 4:00 P.M. AGENDA SECTION NO: ORIGINATING DEPARTMENT: APPROVED FOR AGENDA: 6 CITY ATTORNEY ITEM NO. Page 1 4 BY: Greg Bengtson BY:7JVV(r t ITEM: A Resolution Authorizing the City Manager to Expend an Amount Not to Exceed $12,240 for the Acquisition from and Removal by George Lay Signs, Inc. of Four Billboard Signs Located on Property Acquired by the City for Construction of the Water Well Road - 1-135 Interchange Project. BACKGROUND George Lay Signs, Inc. of Wichita, Kansas ("Lay Signs") owns four billboard signs located at mile markers 87.14, 87.2, 87.28, and 87.34 along Interstate Highway 135 (the "Signs") pursuant to a Lease Contract dated July 7,2000. The Lease Contract was assigned to the City in conjunction with the purchase of real estate needed for construction of the Water Well Road - 1-135 interchange project. The anticipated commencement of construction of the interchange project requires that the signs be removed at this time. Negotiations with representatives of Lay Signs have progressed to the extent that it is known that the ultimate cost of acquisition and removal of the signs will not exceed the total of $12,240, but in certain circumstances may be less. Under City policy, the City Manager has authority to expend up to $10,000 of budgeted funds in his own discretion. The proposed resolution grants the City Manager the authority in this specific case to expend an amount not to exceed $12,240 for the acquisition and removal of the signs. RECOMMENDATION: Adopt Resolution 03-5921.