a elks Club re Assessment ‘May ath, ig ois. concerned while at the same time. provide a source of revenue for munictpal~ ities. Mr. Stobie stated that both arenas would be supplied with quality score- board clocks and a large Read-0-Graph. and that the City would’ receive as well (30% of all gross advertising income in return for exclusive advertising rights in both arenas. for a period of five years. Alderman Traboulay commented that _ the quality of advertising presented would not detract from the arenas and "74 that the revenue would be gcod. Alderman Laking advised that there is no _ other firm available that would be prepared to undertake advertising in this manner and he stated he felt it would be a fair deal for the City. Moved by Alderman Laking: Seconded .by Alderman Traboulay:. That the arena advertising proposal as set forth in a letter from J.C.. Stobie and Associates, April 15th, 1974, be approved in principle subject to. working out details with respect thereto. - -. Tabled. Prior to the. question being called « on the above-stated resolution, Alderman Thompson inquired whe ether the firm would completely maintain the scoreboard clocks, and Mee Stobie advised it would not; however, there would be a guarantee on all parts except the light bulbs, and he stated the clocks could be sericed hy the local centre. Ar. Stoble further advised that. al- though the City would be “responsible for maintenance of the clocks, his firm would assume all costs for installation ‘in the arenas. Alderman Thompson in- quired as to maintenance ‘of the perimeter sign 1 boards, ard Mr. Stobie advised his fim would be responsible for the copy oniy, with the City to maintain the total painting on the boards. Moved by Alderman Ranger: Seconded by Alderman Keryluk: That the foregoize, proposed resolut ion. concerning an arena advertising proposal be tabled for ‘one week until members of Council have had an opport~ unity to inspect other arenas where such advertising wethods are used. Carried. From T The Elks. Club of Port. coquitlan, ‘April: 22nd, ‘1974, requesting a reduction in the 1974 tax < assessment to approximately that of last year, and submitting a list of donations made and services performed by that organiza- tion during the past year for the betterment of the Conmunity. The City Cler advised that Mr. S.M. Raymond, .Secretary-Treasurer of the Club was in atten- dance and on invitation of lis orship the. Mayor, Mr. Raymond spoke in. support of the request made in- th e letter stated above. Moved by Alderman Mabbect: . ‘Seconded by Alderman Ranger: