HomeMy WebLinkAboutCC Res 7583 2024-12-09 RESOLUTION 7583
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING AND AUTHORIZING THE CITY MANAGER
TO EXECUTE AMENDMENT NO. 2 TO THE
AGREEMENT FOR BUS 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 Bus Shelter Maintenance and Advertising Services, dated
October 10, 2014 ("Agreement"), as previously amended by Amendment No. 1
dated July 27, 2020, and previously extended by letter dated January 1, 2019
("First Extension"), 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 revenues from the bus shelters; and,
WHEREAS, as a result of the pandemic and an ongoing challenging advertising
landscape, Clear Channel Outdoor, LLC has experienced a slow recovery in its
bus shelter advertising revenues; and,
WHEREAS, the parties wish to amend the Agreement pursuant to Amendment No.
2, to: (a) revise the annual fee payable to the City to 25% of gross advertising
revenues generated by the shelters or a minimum annual guaranteed payment of
$15,000, whichever amount is greater; and (b) extend the term of the Agreement
for an additional five-year term ("Second Extension").
NOW, THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY
RESOLVE:
SECTION 1. The City Council hereby approves Amendment No. 2 to the
Agreement dated October 10, 2014, as previously amended by
Amendment No. 1 dated July 27, 2020, and previously extended
by letter dated January 1, 2019 ("First Extension") for Bus Shelter
Maintenance and Advertising between the City of Seal Beach and
Clear Channel Outdoor, LLC, to (a) revise the annual fee payable
to the City to 25% of gross advertising revenues generated by the
shelters or a minimum annual guaranteed payment of $15,000,
whichever amount is greater; and (b) extend the term of the
agreement for an additional five-year term ("Second Extension").
SECTION 2. The City Council hereby authorizes and directs the City Manager
to execute Amendment No. 2 to the Agreement on behalf of the
City.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a
regular meeting held on the 9th day of December, 2024 by the following vote:
AYES: Council Members Kalmick, Moore, Steele, Landau, Sustarsic
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
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Schelly Sus arsic, Mayor
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loria D. Har r, City Clerk 3
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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 7583 on file in the office of
the City Clerk, passed, approved, and adopted by the City Council at a regular
meeting held on the 9th day of December, 2024.
Gloria D. Harpe ity Clerk