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<br />OPTION SUMMARY <br /> <br /> (Option 1) Repair and Replace all Major Components: Cost $7,052 <br /> <br /> <br /> (Option 2) Retrofit Current 2 Line Double Sided Message Board to a <br />LED Lighting Display: Cost $33,139 <br /> <br /> <br /> (Option 3) Retrofit Current Message Board to an LED Lighting <br />Display with a Three Line Double Sided Display: Cost $57,577 <br /> <br /> <br /> (Option 4) <br />To halt the operation of the electronic message board and remove it <br />from service. Revenue +$3,050 <br /> <br />As a cost saving measure and to provide an increased service level to the <br />citizens of Mounds View, Staff recommends Option 2. This provides a payback <br />period of fifty–one (51) months. It also has greater functionality with less <br />maintenance. <br /> <br />If the City Council concurs with this recommendation, Staff would be looking for <br />direction from the City Council as to when this should be implemented. There are <br />two general options; implement the retrofit to LED lights now by amending the <br />2005 budget or implement in 2006 with funds allocated in the 2006 budget. <br /> <br />The recommended Option 2 could be financed from funds from either the Special <br />Project Fund or Building / Maintenance in the General Fund. <br /> <br /> <br />Recommendation: <br />Staff is looking for direction from the City Council pertaining to this matter. <br />Specifically, Staff is looking for Council input as to; 1) what Option they would like <br />implemented, 2)when should it be implemented, and 3) what should be the <br />funding source. <br /> <br /> <br />Tracy Juell, Administrative Assistant