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HomeMy WebLinkAboutItem FAGENDA REPORT DATE: February 25, 2002 TO: Honorable Mayor and City Council FROM: John B. Bahorski, City Manage4 SUBJECT: Bus Shelter Amendment #1 SUMMARY OF REQUEST: That Council agrees to assignment of Metro Display Advertising, Inc.'s interest, rights and obligations under the Agreement for Bus Shelters to Clear Channel Outdoor and extend the term of the agreement for an additional five years. BACKGROUND: The City entered into an agreement for bus shelters with Metro Display Advertising, Inc. in January, 1997. Eller Media Company, a subsidiary of Clear Channel Communications purchased Metro Display Advertising and on July 1, 2001, changed the name to Clear Channel Outdoor. Under the terns of the existing agreement, Clear Channel Outdoor is requesting to extend the tern of the Agreement for five years until January 12, 2007. Amendment #1 has been reviewed and approved by the City Attorney. FISCAL IMPACT: Minimum of $49,200 received per year. RECOMMENDATION: That Council approve Amendment #1 to extend the term of the bus shelter agreement for an additional five years and accept the name change and corresponding interest, rights and obligations from Metro Display Advertising, Inc. to Clear Channel Outdoor. Agenda Item �— March 14, 2002 Mr. Layne Lawson Public Affairs Representative Clear Channel Outdoor 1550 West Washington Boulevard Los Angeles, California 90007 Dear Mr. Lawson, Forwarded are two (2) copies of Amendment No. 1 to the Agreement for Bus Shelters to be signed by Clear Channel Outdoor. The Amendment was approved by the Seal Beach City Council at their regular meeting of March 11t', 2002. Upon execution of the Amendment by Clear Channel Outdoor, please return one (1) fully executed copy to the City to my attention. Thank you. Very truly yours, Joanne M. Yeo, City Clerk City of Seal Beach Encl. CLEARCHANNEL OUTDOOR December 20, 2001 John Bahorski City Manager City of Seal Beach 211 Eighth Street Seal Beach, CA 90740 Dear Keith: Per our agreement with the City of Seal Beach, Clear Channel Outdoor is requesting to extend our contract for an additional five years. We are current with all payments and terms of the agreement and have performed all aspects of the contract in compliance with the conditions we agreed. Please let us know what we need to prepare or provide in order to facifitate this process. If you have any questions, please feel free to contact me directly at (323) 730 -4234. Stan ly, Layne Lawson Public Affairs Representative Clear Charnel Outdoor 323 - 730 -4234 Layne Lawson n64cAg +gym ReIR. Annve 1550 West Washington Boulevard Los Angeles. CA 90007 T 323.730.4234 F 323.734.5039 Iaynelawso� @clevtahanneLs- MA CLEARCHANNEL OUTDOOR 731 5111 -re 323 7345030 ClearChannel Outdoor -- -- - - -' 1550 Wen Washing ,.. Bonl..ud • Los Angeles, CA 90007-- elearehann.Lmm CLEARCHANNEL OUTDOOR April 10, 2002 Joanne M. Yen, City Clerk City of Seal Beach City Hall, 211 — 8'h Street Seal Beach, CA 90740 -6379 Dear Ms. Yee: Per your request, I am returning the executed copy of the Amendment No.I of our transit shelter contract with the City of Seal Beach. I you have any questions or need to contact me for any reason, please call 323, 730 -4234. Sincerely, CLEAR CHANNEL OUTDOOR, INC. L�wso� � ✓V ��Z3� Public Affairs Representative LL:ar Encl. 323 731 5111 -a 734 „ 5038 r.. CI— Cha..O O,.rdoor - -- - - - - -- - - - -J 1550 W— Wvhi.,— B-1—,d • Los Angela, CA 90007 • www.dcarchannelovadoo..wm