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E. Detailed Year 1 Cost Estimate
<br />Item
<br />Cost/Revenue
<br />Assumption
<br />Quantity/ Estimated
<br />Amount Total
<br />Huts
<br />$6,000 per hut
<br />26 $156,000
<br />Cleaning
<br />Day -of staffing
<br />Decorations/misc. rentals
<br />$500/day
<br />$1,056/day
<br />Lump sum estimate
<br />12 market
<br />days
<br />12 market
<br />days
<br />1
<br />$6,000
<br />$12,672
<br />$5,000
<br />Staff planning hours (incl. Parks, Streets,
<br />Utilities, Police, and other relevant
<br />departments)
<br />$35/hour
<br />340 hours $11,900
<br />Staff office hours during market season (for
<br />weekly vendor communications, promotions,
<br />etc.)
<br />$30/hour
<br />80 hours
<br />$2,400
<br />Marketing budget
<br />Signs, digital, flyers, 1 $5,000
<br />etc.
<br />Entertainment/supplemental activities
<br />Potential public safety, EMS, insurance,
<br />permits, and misc. costs
<br />Misc. supplies
<br />Contingency
<br />Food vendor fee revenue
<br />$1,000/day
<br />$1,500/day
<br />Staff shirts, name
<br />tags, vendor tags,
<br />office supplies, etc.
<br />Approximately
<br />10% of estimated
<br />operations
<br />($750/day)
<br />12 market
<br />days
<br />12 market
<br />days
<br />1
<br />1
<br />12 market
<br />days
<br />$12,000
<br />$18,000
<br />$2,500
<br />$7,500
<br />($9,000)
<br />Vendor fee revenue
<br />($4,550 per day) 12 market ($54,000)
<br />days
<br />Estimated Year 1 Net Cost to the City $175,372
<br />Cost notes: These estimates should be considered preliminary minimums. Exact costs are difficult
<br />to estimate until the final event scope, location, infrastructure needs, staffing model, vendor structure,
<br />and competitive quotes are determined. This estimate includes the initial purchase or construction of26
<br />cabin houses, but does not include storage, setup, teardown, transportation, maintenance, power charges,
<br />heating rentals, or additional infrastructure that may be needed for the cabin houses or other event
<br />supplies. It may underestimate public safety cost for alcohol at the event.
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