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InterstateBlueLogoSignProgramUpdate <br />AtthelastEDAmeeting,weestablishedacostshareprogramforRestaurants,GasStationsand <br />Attractionstoputtheirlogoontheblueinterstatelogosigns.Thereareafewcorrectionsand <br />clarificationsliketomaketowhatwepresented. <br />1. Thecostof$720foreachbusinessisacost.Thecostgetsyou,say,anorthbound <br />signonthefreewayandadirectionalsignonthenorthboundofframp.Itisanadditional$720 <br />forasetofsimilarsouthboundsigns.Thismayhavebeenmisrepresentedinitially. <br />2. Thereisastipulationthatrestaurantsneedtohaveaminimumseatingcapacityof20people. <br />Wehadshownthelistofbusinessesintownthatwouldbeeligible,andhadincluded <br />restaurantsthatdonothaveonsiteseatingofthiscapacity(AsiantoGo,CenterMartSubShop <br />andThisreducesthetotalnumberofpotentialparticipantsfrom8to5. <br />3. Thecostoftheprogramthatwepresentedwasbasedonacostshareof50%fromtheEDA.The <br />programwasadoptedwitha75%costshare. <br />Withthisnewinformation,wehaverevisedtheoverallcostoftheprogram.Belowisasummaryofthe <br />potentialprogramcosts,giventhesechanges: <br />Costperbusiness=$720/directionx2=$1,440@75%EDAparticipation=$1,080 <br />KornerExpress(gas)$1,080 <br />WiseguysPizza(food)$1,080 <br />(food)$1,080 <br />WargoNatureCenter(attraction)$1,080 <br />CenterMart(gas)$1,080 <br />Totalpotentialprogramcosts$5,400 <br />Previously,thepotentialprogramcostswerepresentedas$2,880. <br /> <br />