Title
Subject: Billboard Relocation Agreement
From: Community and Economic Development Agency
Recommendation: Adopt A Resolution Authorizing The City Administrator To Enter Into A Billboard Relocation Agreement With Clear Channel Outdoor, Inc. ("CCO"): (1) Allowing CCO To Remove And Waive Its Rights To Compensation, Including All Real Property And Personal Property Interests, For A Number Of Billboards At Various Locations In Exchange For: (A) Removal Of A Billboard At 381- 5th Street And Construction Of A New Billboard At 377-5th Street; And (B) Removal Of A Billboard At 3420 Louise Street And Construction Of A Billboard On An Adjacent Lot (APN 007-0620-001-04); And (2) Requiring Mr. Libitzky, Property Owner Of 3420 Louise Street, To Make A One-Time Contribution Of $100,000 To The Chabot Space And Science Center And Requiring CCO To Make A One-Time Contribution Of $75,000 To A Cause Designated By The City Council