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• Power consumption is approximately 75% less than incandescent lighting. <br />AIM Electronics has estimated that the current message board <br />electricity costs are $6,500.00/year or $549.00/month. <br /> <br />It will cost approximately $630.00/year or $53.00/month in electricity <br />costs for a LED sign (On an average, the monthly electricity costs for <br />City Hall in the year 2004 were $1,311.25). <br /> <br />• Direct sunlight visibility will be improved with the LED lighting. <br /> <br />• The design of the LED sign will allow for the hot air to rise and escape out <br />of the top instead of relying on fans (4) to keep it cool. This design will <br />eliminate the use of fans and filters, again reducing parts and labor costs. <br /> <br />• The display will have the same features and character heights. <br /> <br />Quotes <br />Staff solicited quotes from 3 vendors on October 6, 2005 to retrofit the existing <br />message board to an LED display. There are limited companies that distribute, <br />install and locally service the larger Daktronics electronic message boards in <br />Minnesota. Following is the quote information: <br /> <br />Vendor Quote Comments <br />AIM Electronics $34,980.57 The quote received in <br />December of 2004 was <br />$33,139.00 <br />Attracta Sign None Company is no longer in <br />business. (This company <br />bid on the electronic <br />message board originally <br />along with AIM <br />Electronics.) <br />Hi-Tech Signs, Inc. None Did not submit a quote. <br /> <br /> <br /> <br /> <br />Further Discussion: <br />AIM Electronics informed Staff of a possible rebate from Xcel Energy. The rebate <br />program is an incentive for businesses to reduce their electricity usage by <br />upgrading their equipment. Because the City’s electronic message board <br />operates 24 hours a day, 7 days a week, the City does qualify for a rebate of <br />$1,133.00 from Xcel Energy. <br /> <br />This rebate is valid until February 8, 2006 (The retrofit must be completed by this <br />date in order to receive the rebate). <br /> <br /> <br /> <br /> <br />