HomeMy WebLinkAboutSummary Form 4-2-09AGENDA ITEM SUMMARY FORM
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FILE ID: .
Date: 03/25/2009 Requesting Department: City Manager Law Department
Commission Meeting Date: 04/02/2009 District Impacted: City Wide Matter ID No.
Type: X❑ Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Ite
❑ Other
Subject: First Amendments to Clear Channel Settlement Agreement
Purpose of Item:
Authorizing City Manager to execute the First Amendment to the Settlement Agreement to allow 3
LED faces.
Background Information:
Clear Channel is one of three billboard companies that have entered into a Settlement Agreement with
the City of Miami. Since the approval of the Settlement Agreement in 2004, Clear Channel has
removed an estimated 211 billboard structures within the City of Miami. The City has been
negotiating with Clear Channel for the removal of an additional 13 structures within the City of
Miami, in exchange for 3 LED faces to be placed on a specific structure.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
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WU
Final Approvals
(SIGN AND DATE
Budget
If using or receiving capital funds
Grants Risk Management
Purchas*, Dept. Director
Chief 9 City Manager
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