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HomeMy WebLinkAbout[06c] Billboard PropositionCITY OF ST. JOSEPH wvv. cityof stjoseph.com Administrator Date: August 21, 2013 Judy Weyrens Memo To: Members of the EDA Mayor City Administrator Weyrens Rick Schultz Memo From: Cynthia Smith - Strack - MDG, Inc. Councilors Steve Frank RE: Billboard Proposition Bob Loso Renee Symanietz Background: Dale Wick At the September meeting the EDA discussed an effort wherein the EDA would secure billboard square footage either adjacent to CSAH 75 in St. Cloud or adjacent to 1 -94 south /east of St. EDA Joseph. Then a number of businesses could sublease space on the billboard. The sub - leasers Doug Danielson could advertise around a specific event (e.g. Millstream Arts Festival, Farmer's Market in Steve Frank Downtown, "Heritage Festival ", etc.) or around a central advertising message (e.g. progressive Larry Hosch sale, sidewalk sales, garage sale weekend, etc). Gary Osberg Dale Wick The Board by consensus requested additional information regarding pricing and availability of billboards. Since the meeting I have been in contact with representatives from Lamar Advertising and Franklin Outdoor Advertising. Franklin Outdoor reports lease rates on 1 -94 and County 75 range from $395 - $1,095 per month depending on size and location, type of billboard program, length of contract, etc. At this time Franklin doesn't have any available space adjacent to west bound 1 -94 between Clearwater and Highway 23. Lamar reports variable rates as well. Those adjacent to CSAH 75 range from $500 to $2000 per month with one time set -up costs of $150 to $1,400. Lamar doesn't have any lease billboards available adjacent to 1 -94 between Clearwater and Highway 23 as all are permanently leased. On a side note, I met with Jim Degiovanni from the Farmer's Market regarding moving the event to the Downtown next year. I mentioned billboard rental and he indicated an interest in sub- leasing the billboard for Farmers Market, if approved by the Market Executive Board. Action: This item is for your discussion and direction. Page 39 of 40 This page intentionally left blank