Explanation
Background: The City of Columbus acquired the real property commonly known as 2425 Briggs Road, Franklin County Parcel Number 570-269895, in January 2004 for a Storm Sewer Project. At the time of acquisition the property was encumbered by a ten (10) year lease agreement with Clear Channel Outdoors, Inc. (Clear Channel) for a portion of the property for location of an outdoor advertising billboard. The current agreement expired and does not contain a renewal option. Clear Channel Outdoors, Inc. desires to continue operating the outdoor advertising billboard on the property thus necessitating a new agreement. Through discussions with the Department of Public Utilities, it was determined that the advertising billboard does not interfere with their intended use of the property and that entering into a new license agreement would be in the best interest of the City. The City and Clear Channel have agreed to certain limitations on the advertising content that may be displayed. This ordinance authorizes the Director of Finance and Management to execute a new license agreement with Clear Channel Outdoor, Inc. for that portion of the property located at 2425 Briggs Road for the location and operation of an outdoor advertising billboard subject to Chapter 3378 of Columbus City Codes, 1959.
Fiscal Impact: The license agreement will generate an annual income of $1,200.00 which will be deposited in the Storm Sewer Operating Fund.
Emergency Justification: Emergency action is requested to enable the agreement with Clear Channel to continue uninterrupted and to allow the City to receive uninterrupted income.
Title
To authorize the Director of the Department of Finance and Management to enter into a license agreement with Clear Channel Outdoors, Inc. for a portion of the property located at 2425 Briggs Road.; and to declare an emergency.
Body
WHEREAS, the City of Columbus acquired the property located at 2425 Briggs Road for a Sto...
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