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Approve an amendment to reinstate and extend the Lease Agreement between Solano County, the Solano County Fair Association, and Outfront Media LLC for billboard signage at the Solano County Fairgrounds for the period of October 1, 2023 through December 31, 2026; and Delegate signing authority to the County Administrator to execute the amendment and any future related amendments, with County Counsel concurrence
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office recommends that the Board of Supervisors:
1. Approve an amendment to reinstate and extend the Lease Agreement between Solano County, the Solano County Fair Association (SCFA), and Outfront Media, LLC for billboard signage at the Solano County Fairgrounds for the period of October 1, 2023 through December 31, 2026;
2. Delegate signing authority to the County Administrator to execute the amendment and any future related amendments, with County Counsel concurrence.
SUMMARY/DISCUSSION:
In May 2003, the Board approved a 20-year Lease Agreement between the County, SCFA, and Viacom Outdoor, Inc. for two static billboard signs located at the Solano County Fairgrounds. In exchange for allowing billboard advertising, Viacom installed a digital LED sign at the Fairgrounds for County/SCFA use. Through a series of rebrandings and corporate transitions, Viacom eventually became Outfront Media LLC.
The original lease expired in May 2023. Since then, County staff, SCFA, and Terra Realty Advisors (County's consultant) have worked with Outfront Media to negotiate a short-term reinstatement and lease amendment, which provides immediate revenue recovery and clarifies next steps for future billboard development.
The key terms of the Lease Agreement Amendment (Attachment A) include:
? Term Reinstatement and Extension: Reinstates the lease retroactive to October 1, 2023, and extends through ...
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