Above is the screenshot of the site in development...
We have a DropdownLi
I changed the HyperLink control to the following syntax and voila! It's working now.
<li> <img src="/images/my-listing.png" alt="" align="absmiddle" /><a ID="hlnkMyProperties" runat="server"><%= GetLocalResourceObject("hlnkMyProperties")%></a> </li>