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Attachment C <br />Capital Improvement Plan 2016 thr'u 2020 <br />Department Economic Development <br />City of Arden Hills, Minnesota Contact Community Devl Dir <br />Project# 16-EDA-001 <br />Type Improvement <br />Useful Life <br />Project Name Gateway Signs Category Economic Devi Improvement <br />Priority n/a <br />Description Total Project Cost: $45,000 <br />Install gateway signs at the major entrance points to the City. Potential locations for the signs include: (1)Highway 96 at Round Lake Boulevard <br />and(2)at Lexington Avenue;(3)County Road E2 at I-35W;(4)County Road E at Highway 51 and(5)at Lexington Avenue;(6)County Road D <br />at Cleveland Avenue(7)Lake Johanna Boulevard at the Roseville border;and(8)Lexington Avenue at the Roseville border. Potential sign <br />locations are listed from north to south and are not in priority order. <br />The cost for a typical sign is$25,000 per sign,including installation,lighting,and landscaping is estimated. Actual costs may be more or less <br />depending on the amount of site improvements and/or landscaping that are necessary in a specific location. <br />The sign that is proposed for consideration in 2016 is at Lexington and Highway 96 and is estimated to cost approximately$45,000. <br />The EDA General Fund balance includes approximately$80,000 in reserves from previous transfers for Gateway signs. <br />Justification <br />Advance the economic development goals in the 2030 Comprehensive Plan. Implement the Guiding Plan for the B2 District. Work to better <br />identify the entrance points to the City for businesses and visitors. Foster civic pride and community identity. <br />Prior Expenditures 2016 2017 2018 2019 2020 Total <br />construction/Maintenance 45,000 0 0 45,000 <br />Total Total 45,000 0 0 45,000 <br />Funding Sources 2016 2017 2018 2019 2020 Total <br />EDA Revenues 45,000 45,000 <br />Total 45,000 45,000 <br />Budget Impact/Other <br />Annual maintenance costs for sign cleaning and care of landscaped beds surrounding the signs is estimated by the Public Works Department at <br />500 per sign annually. <br />Prior Budget Items 2016 2017 2018 2019 2020 Total <br />Annual Maintenance Charge 0 500 500 500 500 2,000 <br />Total Total 0 500 500 500 500 2,000 <br />Produced Using the Plan-It Capital Planning Software Friday,June 12,2015