The Board, to be launched on Sunday 21 October, will be placed on the boardwalk stretching between the Queenscliff ferry terminal and pier.
“Ron Tandberg was a much-loved and admired member of our community,” said Mayor Susan Salter.
“His work made a huge contribution to our nation’s culture.”
The Arts Trail runs between Queenscliff and Point Lonsdale and celebrates the works of artists and photographers who have visited and captured the local landscape.
An exhibition of Mr Tanberg’s work, including a series of short videos of him discussing the creation of his famous caricatures, will be on display in the Queenscliff Library from Friday 5th until Saturday 27th October.