Decision details
Rents For Outdoor Advertising Hoardings
Decision Maker: Coronavirus (COVID-19) Decisions
Decision status: Recommendations Approved
Decision:
Approval given to offer a 12 month deferral of the rent payable for Q1 for outdoor advertising contracts for small and large format hoardings across the City (Clear Channel and JC Decaux contracts), and to authorise the Director of Policy, Performance and Communications to, if necessary, negotiate and agree rent reductions of no more than 20% for quarter 1.
Reasons for the decision:
The Council has been approached by Clear Channel and JC Decaux for a reduction in rent for the quarter 1 period (April – June 2020).
Urgent item?: Yes
Publication date: 08/07/2020
Date of decision: 24/06/2020