The Common Council hereby declares that it is in the best interest
of the City to lease its property to persons, firms or corporations
desiring to erect and maintain outdoor advertising structures thereon.
Such structures shall be subject to the controls established in this
Article. The leases for such property shall be bid, executed and regulated
as set forth in this Article. These regulations are established to
assure that the City achieves a reasonable return in consideration
of these leases and that all interested parties receive a full and
fair opportunity to lease this property.
The Comptroller shall submit to the Common Council a list of
City-owned properties suitable and available for outdoor advertising
purposes. The Comptroller shall assure that all such properties shall
comply with the requirements of Chapter 511 and all other pertinent
City ordinances. All properties shall be approved by the Council before
any bids are accepted thereon.
A maximum of 100 locations for outdoor advertising purposes
will be available or utilized during any period.
Leases for all City-owned property used for outdoor advertising purposes shall be subject to the minimum yearly rate as provided in Chapter
175, Fees, based on size of the advertising structure and charged for each side of such structures.