25-0781
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
What this record is
- Amount
- $2.36M
- Runs until
- May 28, 2026 already ended date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
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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
Where it was heard
* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council *Rules & Legislation Committee *Community & Economic Development Committee *Rules & Legislation CommitteeWatch what Oakland buys
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