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CUP No. 2024-15 – MainPlace Mall Digital Billboards (2800 N. Main Street) <br />March 10, 2025 <br />Page 6 <br />4 <br />8 <br />2 <br />4 <br />The Project qualifies for this exemption, as it pertains to the operation, licensing, or minor <br />alteration of private structures with little to no expansion of their existing or prior use as <br />the subject structures are being utilized as a digital signs as existing and would not be <br />expanded as part of the subject request. As such, a Notice of Exemption, Environmental <br />Review No. 2023-111 will be filed for this project. <br />ECONOMIC AND FISCAL IMPACTS <br />The proposed Project will generate an annual operating fee payable to the City of <br />$100,000.00 in the first year, $106,468.72 in the second year, and $113,355.95 in the <br />third year. Thereafter, the operating fee will continue to increase by approximately 6.46% <br />annually for the duration of the 20-year operating agreement. The total agreement term <br />remittance amount would be $3,869,408.98. Further details regarding the Operating <br />Agreement are provided in Exhibit 2. <br />EXHIBITS <br />1. Conditional Use Permit Resolution <br />2. Draft Operating Agreement <br />3. Vicinity Zoning and Aerial Map <br />4. Site Photo <br />5. Project Plans <br />6. Copy of Public Notices <br />Submitted By: <br />Heidi Jacinto, Assistant Planner II <br />Approved By: <br />Ali Pezeshkpour, AICP, Acting Executive Director, Planning and Building Agency <br />