...Title
Actions Related to Large Format Digital Electronic Signs on City-Owned Property. - DEFERRED
...Recommendations
(a) Adopt a resolution adopting the Initial Study/Mitigated Negative Declaration for the Electronic Signs on City-Owned Property Project Initial Study - West Mission Street and Mabury Road Digital Billboard Sites Project (File No. ER23-052) and adopting the related Mitigation Monitoring and Reporting Program, in accordance with the California Environmental Quality Act (CEQA), as amended.
(b) Adopt a resolution adopting the Initial Study/Mitigated Negative Declaration for the Electronic Signs on City-Owned Property Initial Study - Willow Street Site Project (File No. ER23-130) for the Electronic Sign on City-owned Property Project - Willow Street Billboard Site and adopting the related Mitigation Monitoring and Reporting Program, in accordance with the California Environmental Quality Act (CEQA), as amended.
(c) Adopt a resolution authorizing the City Manager, or her designee, to negotiate and execute lease agreements and any necessary supporting agreements with Clear Channel Outdoor, LLC, for two City-owned properties in San José for the installation of two large format digital signs, consisting of a total of three active sign faces, each lease for a 10-year initial term with up to two additional five-year renewal terms upon satisfaction of certain tenant-controlled renewal criteria, and with a required payment of 45% of gross revenue generated, but in no instance less than the minimum guaranteed payments for the 20-year term amounting to:
(1) Highway 87 and West Mission Street: $8,999,220.
(2) 1404 Mabury Road: $4,980,643.
(d) Adopt a resolution authorizing the City Manager, or her designee, to negotiate and execute a lease agreement and any necessary supporting agreements with Outfront Foster Interstate, LLC, for one City-owned property at 385 Willow Street in San José for the installation of one large format digital sign with two active sig...
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