Issue details

Issue details

Bus shelter infrastructure and advertising concession contract

 

 

Head of Corporate property, in consultation with the Head of Law and Governance and Head of Financial Services to enter in a bus shelter and advertising concession contract with Clear Channel, with Oxford City Council for a term of 15 years plus an extension period of 10 years. The contract sum consists of a fixed payment, paid annually and subject to RPI at 3%, totalling £8m for the full 25 years (if extended) plus a revenue share of 20% of the advertising revenue realised under the contract.

Decision type: Key

Reason Key: Expenditure, income or savings of £750,000 or greater;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 01/06/2023

Decision due: 12 Jul 2023 by Cabinet

Decision due: Before 31 Dec 2024 by Head of Corporate Property

Lead member: Deputy Leader (Statutory) - Finance and Asset Management

Lead director:

Department: Regeneration and Economy

Contact: Elaine Swapp, Principal Regeneration Officer Email: eswapp@oxford.gov.uk.

Reason date could change: Confirmed for this meeting

Is the date subject to change: No

Decisions

Agenda items