For City Council Meeting [September 28, 2021]
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Daniel Casey, Acting Community Development Manager
Title
Request City Council to Adopt Resolution No. 7775 Approving a Property Lease by and between the City of Rialto and Lamar Central Outdoor, LLC for Installation of an Electronic Billboard on City Property Located at the Southwest Corner of Ayala Drive and the SR-210 Freeway.
Body
BACKGROUND:
On February 25, 2020, the City Council adopted Resolution No. 7596 approving the First Amendment to a Billboard Relocation Agreement between the City of Rialto and Lamar Central Outdoor, LLC to change the location of a previously approved billboard relocation from City-owned property at the southwest corner of Foothill Boulevard and Cactus Avenue to City-owned property at the southwest corner of Ayala Drive and the SR-210 Freeway. A copy of the conceptual plans for the proposed billboard are attached hereto as Exhibit A.
ANALYSIS/DISCUSSION:
Proposed Lease
The proposed Property Lease by and between the City of Rialto and Lamar Central Outdoor, LLC ("Lamar") is attached hereto as Exhibit B. The key terms include:
1. Leased Premises. The Leased Premises consist of a 617 square foot pad at the northernmost edge of the City-owned property. Lamar will have exclusive use of this property to construct, maintain and operate a double-sided digital display visible to northbound and southbound traffic on Ayala Drive. Lamar will also have a non-exclusive license to access the Leased Premises across the City-owned property in a manner that minimizes the impact to the use and enjoyment of the Site by other users.
2. Term. The City grants a Lease term of 20 years, with an option for Lamar to extend for an additional 10 years - all commencing on the Commencement Date that is the first day of the first calendar month upon completion of the Display.
3. Rent. Lamar shall lease the Site from the ...
Click here for full text