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CITY OF ARDEN HILLS • MEMORANDUM DATE: November 20, 1996 TO: Economic Development Committee FROM: Kevin Ringwald, Community Development Director , SUBJECT: Banners The EDC at their October of 1996 meeting requested information on ways that the cost for the banners along County Road E could be reduced. The Staff in its original budget estimate was based on a maximum cost for custom made banners. The Staff based its revised budget estimate on the minimum cost to provide "off the rack"banners and the bucket truck rental being an"in kind" donation from another organization. The revisions result in a cost savings of$3,187.31 for Spring/Summer and Fall/Winter banners and $7,551.33 for Spring, Summer, Fall, and Winter Banners. If the revised budget is more palatable to the County Road E businesses and the EDC is able to find some organization to donate the use of a bucket truck, then the EDC should present its recommendations to the City Council for their approval. • Cost of Banners (2) - Original The original five year cost for the Spring/Summer and Fall/Winter banners was estimated as follows: Spring/Summer and Fall/Winter Banners(5 year life expectancy*) ITEM COST 20 S/S Banners(30"x80")2 color,both sides $2,250.00 20 F/W Banners(30"x80")2 color,both sides $2,250.00 20 Brackets(flexible w/banding) $1,440.00 Bucket Truck rental(1997)@ 2x per year $250.00 Bucket Truck rental(1998)@ 2x per year, incr @ 3%per year $257.50 Bucket Truck rental(1999)@ 2x per year,incr @ 3%per year $265.23 Bucket Truck rental(2000)@ 2x per year,incr @ 3%per year $273.19 Bucket Truck rental(200 1)@ 2x per year,incr @ 3%per year $281.39 Total $7,267.31 *5 year life expectancy is based on experience with current banners with flexible brackets.