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• Potential for shared cost with EDA initially if not financially feasible by Vendor <br />• Champlin Sign <br />• How it was located <br />• How it was funded <br />• Local advertising <br />• Utilized a land lease from City <br />• Additional Billboard Sign Companies <br />• Blue Ox Media, Clear Channel, Out Front Media, Lamar (more St Cloud Market), others <br />• Options for selecting a Vendor for Billboard Sign <br />• Request for Proposals (RFP) to other billboard owners <br />• City would need to develop RFP and potentially identify sites / areas <br />• Potential for nobody to respond due to marginal Ramsey market <br />• Exclusivity Agreement to negotiate with single vendor <br />• Allows Vendor to spend more resources upfront to determine if market is worth investment and <br />to make proposal to city (Less time/cost to city upfront) <br />Possible Next Steps: <br />1. Determine if the EDA is would like to take the lead on obtaining a private billboard sign in Ramsey <br />2. Direct Staff to gather more information as determined by the EDA (possible sites, need, potential advertisers) <br />3. Provide a recommendation to City Council on whether a RFP or a Exclusivity Agreement should be the <br />method to work with/select a Vendor <br />4. Something else <br />Funding Source: <br />N/A <br />Recommendation: <br />Based on discussion <br />Action: <br />Based on discussion <br />Attachments <br />Champlin Sign Photo and Information <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 09/03/2020 12:01 PM <br />Tim Gladhill Tim Gladhill 09/04/2020 10:22 AM <br />Form Started By: Sean Sullivan Started On: 08/28/2020 03:52 PM <br />Final Approval Date: 09/04/2020 <br />