Agenda Item
3.N 22-72 Actions to Adopt a Mitigated Negative Declaration, a Mitigation Monitoring and Reporting Program and Billboard Relocation Agreement with Outfront Media LLC to allow the installation of a new single-sided LED digital billboard at 630 Laurelwood Road; and to Waive First Reading and Introduce an Ordinance to Amend Section 18.80.210 of the Zoning Code to Increase The Permissible Height Of Digital Billboards
Except for possible legal disputes, total payment to the City, for a period of 20+ years, follows: " ... the Advertiser agrees to pay City $70,000 per new billboard face." Doesn't this seem like a heavenly deal for the Billboard owner? Shouldn't there be an annual fee too, perhaps a percent of the Billboard owner's revenue, such as a modest 3-6% ? Hasn't the City of Santa Clara learned anything about how to support itself? (That Hwy 101 spot would make a fantastic NFL advertising location.)