Subject: Relocation Agreement With Outfront Foster Interstate LLC From: Councilmembers Wang And Gallo Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt A Resolution Authorizing The City Administrator To Negotiate Terms And Enter Into An Advertising Signs Relocation Agreement With Outfront Foster Interstate LLC, A Delaware Limited Liability Company (“OFI”), With Such Agreement Including The Following: (A) Allowing OFI To Erect Up To Five New Digital Advertising Signs At Certain Locations In The City Of Oakland In Exchange For OFI Causing The Removal Of Up To Eleven (11) Of Its Existing Advertising Faces At Various Locations In The City By Dates Certain, With OFI And Outfront Waiving Its Rights To Just Compensation For The Removed Signs; (B) Requiring OFI To Make Payments In Advance Of Up To Two Million Three Hundred And Five Thousand Dollars ($2,305,000) For The Fiscal Year 2025 To 2027 Biennial Budget, And Annual Payments Of Up To $750,000 For Each New Digital Advertising Sign For A Thirty-One Year Term With Escalations And A Ten (10) Year Renewal Option, In Addition To Providing Other Financial Incentives To The City Including Negotiated Carbon Offset Fees And Free Advertising Space; And (2) Adopting Appropriate California Environmental Quality Act Findings

City Resolution In Rules Committee Introduced December 3, 2025

What this record is

Held by: Outfront Foster Interstate LLC
Amount: $2.31M
Runs until: December 3, 2026 94 days — goes back out to bid calculated from the contract term stated in the record
Type: amendment

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