| | | | | | | | BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT |
| | | | | | | | Item No. 6.I.
For Meeting of: February 1, 2022 |
| | | | | | | | | ITEM TITLE: | Resolution terminating the Standard Lease Renewal Agreement with Viacom Outdoor | | SUBMITTED BY: | Sara Watkins, City Attorney |
| SUMMARY EXPLANATION: | | When the City purchased property at the corner of Lincoln and First Street for the underpass project, it purchased a parcel that was subject to a lease with Viacom Outdoor for a billboard located thereon. That lease survived the sale and has been in place since. The term of the lease expires at the end of May 31, 2022, and the City does not wish to extend the term, which would happen if the City does not formally terminate the Agreement. The three billboards on the property are nonconforming uses as they do not meet the current requirements in the City’s sign code. Additionally, the location of two of the billboards impedes the City’s ability to make full use of its property. The loss of revenue is minor as the billboards generated $1,500.00 in annual rent. This resolution formally terminates the agreement and authorizes the City Manager to take all necessary steps to terminate the Agreement. A copy of the Agreement is included for your reference. |
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| | | | | | | | | ITEM BUDGETED: | NA | | STRATEGIC PRIORITY: | NA |
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| | | | | | | | APPROVED FOR SUBMITTAL BY THE CITY MANAGER
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| | | | | | | | | RECOMMENDATION: | | Adopt resolution. |
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