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<br /> ARDEN HILLS CITY COUNCIL WORKSESSION MINUTES <br /> May 16, 2005 3 <br /> . Mayor Aplikowski asked how much the City has contributed in the past. <br /> Finance Director Murtuza Siddiqui noted that the City has budgeted $40,000 for this year's <br /> event. <br /> Ms. Olson stated that the City could consider charging a nominal fee or sell buttons for this event <br /> in the future, if the events costs are more than originally projected. <br /> City Administrator Michelle Wolfe said that some of the sponsors are donating less money this <br /> year. <br /> Recreation Program Supervisor Olson recommended that the City purchase larger signs in the <br /> future to thank sponsors for their contribution to this event. <br /> Councilmember Rem suggested that the City utilize members of the EDC for fund raising <br /> advice. <br /> Councilmember Holden stated that it is difficult to know who is the right person to contact at an <br /> organization regarding contributions or sponsorships. <br /> . Councilmember Holden also asked if the City would be holding a raffle this year. <br /> Ms. Olson said that legal concerns regarding charitable gambling were brought forward <br /> pertaining to how the City was conducting its raffle and thought that it would be a good idea to <br /> stop this practice in the future. According to Minnesota State Law, only a licensed charitable <br /> gambling organization is allowed to conduct money or prize related raffles. <br /> Mayor Aplikowski thanked Michelle Olson and City staff for their hard work and dedication in <br /> organizing this event. <br /> LED Traffic Li!!hts <br /> Finance Director Murtuza Siddiqui provided the City Council with an update regarding the <br /> expected cost savings to the City by switching over to LED traffic lights. The City of Arden <br /> Hills currently has nineteen traffic lights. The existing traffic signal lamps have an expected life <br /> span of 1 Y:, years. The new LED lamps have an estimated life span of 15 years. The projected <br /> cost savings to the City is approximately $2,700.00 per year, based upon estimates received by <br /> the Ramsey County Traffic Signal Operations staff. The cost for replacing the LED bulbs is <br /> estimated to be $5,400.00 after rebate. The cost for replacing the bulbs without the Xcel Energy <br /> rebate is approximately $10,400.00. The time frame for this rebate offer extends to the end of <br /> thi s year. Based upon the financial information received by the City, the projected pay back <br /> period to the City will be two years. <br /> If the City Council is agreeable to this project, the conversion to LED traffic signals would begin <br /> . by mid-summer of this year. <br /> 3 <br />