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HomeMy WebLinkAboutCC Res 7058 2020-07-27RESOLUTION 7058 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 1 TO THE AGREEMENT FOR SHELTER MAINTENANCE AND ADVERTISING BETWEEN THE CITY OF SEAL BEACH AND CLEAR CHANNEL OUTDOOR, LLC WHEREAS, the City of Seal Beach and Clear Channel Outdoor, LLC are parties to an Agreement for Shelter Maintenance and Advertising, dated October 10, 2014 ("Agreement"), pursuant to which Contractor provides and maintains bus shelters at various designated bus stop locations throughout the City and pays City a portion of its advertising revenue from the bus shelters; and, WHEREAS, As a result of the pandemic and the corresponding government ordered shut -downs at the local and state levels, Clear Channel Outdoor, LLC has experienced significant reductions in its bus shelter advertising revenues; and, WHEREAS, The parties wish to amend the Agreement to: 1) defer the $22,500 payment due to the City on July 31, 2020; and 2) waive the applicable late fee that would otherwise be owed to the City for missing the July 31, 2020 payment so long as Clear Channel Outdoor, LLC adheres to the deferred payment schedule. NOW, THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1. Amendment No. 1 to the Agreement for Shelter Maintenance and Advertising between the City of Seal Beach and Clear Channel Outdoor, LLC attached hereto as Exhibit "A" ("Amendment No. 1 ") is approved. Section 2. The City Council hereby authorizes the City Manager to execute Amendment No. 1. PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 27th day of July, 2020 by the following vote: AYES: Council Members: Kalmick, Massa-Lavitt, Moore, Sustarsic, Varipapa NOES: Council Members: None ABSENT: Council Members: None ABSTAIN: Council Members: None Schelly Sustarsic, Mayor A EST: Gloria D. Harper,' City Clerk:r �n STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution 7058 on file in the office of the City Clerk, passed, approved, and adopted by the City Council at a regular meeting held on the 27th day of July, 2020. loria D. Harper,Wity Clerk