Subject: Advertising Signs Relocation Agreement With Becker Boards From: Councilmembers Ramachandran And Gallo Recommendation: Adopt A Resolution: (1) Authorizing The City Administrator To Negotiate Terms And Enter Into An Advertising Signs Relocation Agreement With Becker Boards, A California L.L.C. (“Becker”) , With Such Agreement Including The Following: (A) Allowing Becker To Erect Up To Five New Advertising Signs At Certain Locations On Private Property In Exchange For Becker Causing The Removal Of Eleven Existing Advertising Faces At Various Locations In The City By Dates Certain, With Becker Waiving Its Rights To Just Compensation For The Removed Signs; (B) Requiring Becker To Make Payments In Advance Of Up To $2,357,500 For Fiscal Year 2025/2026, And Annual Payments Of Up To $750,000 For A Thirty-One Year Term With Escalations, In Addition To Providing Other Financial Incentives To The City Including Negotiated Carbon Offset And Beautification Fees; And (2) Adopting Appropriate California Environmental Quality Act Findings

City Resolution Passed Introduced May 28, 2025

What this record is

Amount: $2.36M
Runs until: May 28, 2026 already ended calculated from the contract term stated in the record
Type: contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
Introduced: May 28, 2025
On agenda: June 17, 2025
Passed: June 17, 2025
Enacted: June 17, 2025
Enactment no.: 90769 C.M.S