4 23-0343 Subject: Authorizing The City To Enter Into Two Advertising Sign Relocation Agreements
From: Councilmembers Gallo, Jenkins And Kaplan
Recommendation: Adopt A Resolution: (1) Authorizing The City Administrator To Negotiate And Enter Into Two Relocation Agreements: One With Becker Boards, L.L.C. ("Becker") And One With Outfront Foster Interstate LLC ("OFI"), With Each Agreement Including, Without Limitation, The Following: (A) Allowing Becker And OFI To Remove And Waive Its Respective Rights To Just Compensation To Certain Existing Advertising Sign Faces At Various Locations In The City Of Oakland In Exchange For Becker's And OFI's Construction Of Up To Five New Double-Sided Digital Advertising Signs Each On Private Property; (B) Requiring Becker And OFI To Each Make Annual Payments To Designated Nonprofits And The City; And (C) Other Substantive Terms; And (2) Adopting Appropriate California Environmental Quality Act Findings
We propose delaying the approval of the proposed two advertising sign relocation agreements with Becker Boards and Outfront Foster Interstate LLC, until a superior offer can be entertained as drafted by Clear Channel which will incorporate five locations from Champion Outdoor Ventures. The offer from Clear Channel / Champion has already been determined by City Staff to be a superior proposal benefiting the City of Oakland, its charitable interests and the EDMUD Consumer Assistance Program ("CAP"). The City has a vested interest and a fiduciary duty to more favorable terms for the City of Oakland and its residents. Gary Barbosa, CEO The Champion Family of Companies, Champion Outdoor Ventures
We propose delaying the approval of the proposed two advertising sign relocation agreements with Becker Boards and Outfront Foster Interstate LLC, until a superior offer can be entertained as drafted by Clear Channel which will incorporate five locations from Champion Outdoor Ventures. The offer from Clear Channel / Champion has already been determined by City Staff to be a superior proposal benefiting the City of Oakland, its charitable interests and the EDMUD Consumer Assistance Program ("CAP"). The City has a vested interest and a fiduciary duty to more favorable terms for the City of Oakland and its residents. Gary Barbosa, CEO The Champion Family of Companies, Champion Outdoor Ventures