Title
Amendment to Agreement for Bus Advertising Revenue Program
Overview
On June 22, 2015, the Orange County Transportation Authority Board of Directors approved an agreement with Outfront Media Group, LLC, to sell, place, and maintain advertisements on its fleet of fixed-route and ACCESS vehicles. An amendment to the existing contract is necessary to exercise the first option term of the agreement.
Recommendation(s)
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 1 to Agreement No. C-5-3076 between the Orange County Transportation Authority and Outfront Media Group, LLC, to exercise the first option term of the agreement, with a minimum guarantee of revenue to the Orange County Transportation Authority in the amount of $8,000,000, or 70 percent of gross advertising sales revenue, whichever is greater.