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Agda Pkt 2024.10.14 Regular Meeting
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Agda Pkt 2024.10.14 Regular Meeting
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Last modified
10/16/2024 10:12:56 AM
Creation date
10/16/2024 10:11:21 AM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Date
10/13/2024
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Attachment A: Revenue Examples from Neighboring Cities <br />REVENUE EXAMPLES FROM SAN CARLOS BY APPROVAL YEAR <br />Detail 2015 2018 2018 2022 <br />Address 800 Bransten Rd.815 American <br />Street <br />1119 Industrial <br />Rd. <br />611 Industrial Rd. <br />Signage Installed 2 faces, 14’x48’2 faces, 14’x48’2 faces, 14’x48’2 faces, 14’x48’ <br />Signage Removed 2 faces, 14’x48’2 faces, 14’x48’2 faces, 14’x48’2 faces, 14’x48’ <br />Term of <br />Agreement <br />25 years 20 years 20 years + 10 yr <br />option <br />20 years + 10 yr <br />option <br />One-Time <br />Payment <br />$100,000 $100,000 $100,000 $100,000 <br />Annual Payment 30% of revenue <br />(min. $200,000 <br />annually) <br />30% of revenue <br />(min. $200,000 <br />annually) <br />30% of revenue <br />(min. $200,000 <br />annually) <br />30% of revenue <br />(min. $200,000 <br />annually) <br />Other City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />$30,000 to build a <br />sign at <br />community <br />center + <br />messaging <br />allowance <br />City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />REVENUE EXAMPLES FROM SOUTH SAN FRANCISCO BY APPROVAL YEAR <br />Detail 2015 2018 2021 2024 <br />Address 101 Terminal 180 S Airport 345 Shaw PG&E Property <br />Signage Installed 2 faces 17’x59’2 faces, 14’x48’2 faces, 17’x59’2 faces, 14’x48’ <br />Signage Removed 4 faces, 14’x48’3 faces, 12’x25’2 faces, 12’x25’No signs removed <br />Term of Agreement 30 years 30 years 30 years 30 years <br />One-Time Payment N/A $140,000 $140,000 $140,000 <br />Annual Payment $80K / year $80K / year $102K / year $102K / year <br />Annual Payment <br />Increase <br />15% every 5 <br />years <br />15% every 5 <br />years <br />15% every 5 years 3% annually <br />In-Lieu Payment for <br />not removing <br />existing signs <br />N/A $400,000 $550,000 $1,100,000 <br />Other City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />City messaging <br />allowance (1 8- <br />second spot, 2 <br />weeks/quarter) <br />8.A. - Page 12 of 12 <br />194
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