Title/Name/Summary
Wayfinding and Branding Implementation - Installation of Logo Medallions on LaGrange Road
History
The Village is currently in the implementation phase of the Wayfinding and Branding project. The Village is working with a consultant to prepare bid specifications that the Village will use to select a contractor for the proposed Phase I signage. Throughout the process it was always the vision to include the branding improvements along LaGrange Road. Specifically, in addition to proposed wayfinding signage, the Village always anticipated installing the logo in the medians and monument signage along LaGrange.
The Village is proposing to add electricity to specific medians and monument signage along LaGrange Road. In addition, the Village will install illuminated and non-illuminated versions of the logo medallion throughout the corridor. Given the cost of the improvements, care was taken to minimize the amount of illuminated medallions and install these enhancements at the most visible locations along the corridor.
In order to increase the efficiency and minimize cost, the Village is coordinating the installation of the logo medallions within the same time frame as IDOT’s LaGrange Road Corridor project schedule. This is critical to the success of the project, as the contractors are already on site and the lead time for the medallions to be manufactured is 8-12 weeks. The work is currently being completed under the existing V3 construction management contract. Funds are available in the Economic Development line item within the Development Services FY2017 departmental budget for wayfinding and branding implementation. Staff is requesting a transfer of funds available for implementation to Capital Improvement Fund in order to track all costs related to LaGrange Road improvements in one fund. This amount will be added to the existing V3 construction management purchase order, to cover the manufacture, installation, and running of electricity for the logo medallions.
On June 19, 2017, this item was reviewed by the Development Services Planning and Engineering Committee, recommended for approval and referred to the Village Board of Trustees for consideration.
Financial Impact
The cost to extend the electricity along LaGrange Road for the installation of the logos is $49,896.65. The cost for the manufacture and installation of the logo medallions is $50,997.00. There is currently $250,000 for wayfinding and branding implementation in the Economic Development Promotion Expense Account. The request is for a budget transfer as referenced above in the amount of $100,893.65.
Recommended Action/Motion
I move to approve a budget transfer in the amount of $100,893.65 from the General Fund to the Capital Improvement Fund;
And
I move to approve authorizing payment to V3 Construction Group in the amount of $100,893.65 for the manufacture, and installation of the medallions along LaGrange Road.