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 OC ACCESS bus vehicles. This revenue agreement has a three-year initial term with two, two-year option terms. On July 24, 2018, the Board of Directors approved the first option term effective through August 31, 2020. In order to continue services, Board of Directors approval is requested to exercise the second option term through August 31, 2022.
Recommendation(s)
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 3 to Agreement No. C-5-3076 between the Orange County Transportation Authority and Outfront Media Group, LLC, to exercise the second option term of the agreement with a 70 percent revenue-sharing agreement through August 31, 2022, reverting to a minimum guarantee reinstatement upon one quarter of positive gross domestic product growth.