On July 3rd, 2012 the City commission approved Resolution No. R12-058 entering into a lease agreement with Wilton Manors Street Systems, Inc. to lease a portion of the Public Works Site located at 510 NW 14th Court to erect one (1) outdoor advertising structure with two (2) static advertising faces.

Wilton Manors Street Systems, Inc. has requested to upgrade the two (2) static advertising faces to two (2) electronic changeable sign faces (light-emitting diode – “LED”) digital advertising technology in compliance with Chapter 479 of the Florida Statutes, Chapter 14-10 Florida Administrative Code.

As part of the amended agreement Wilton Manors Street Systems, Inc. has proposed to increase the annual base rent from $24,750 to $50,000 dollars.

Wilton Manors Street Systems, Inc. as additional compensation shall provide the City of Boynton Beach with digital advertising space on the structure to advertise and promote the City of Boynton Beach and community events and programs within the City.

The amended lease agreement will result in a net increase of $25,250 dollars annually to the City’s revenue, plus a 3% increase per year after the first year.

Do not approve the amended lease agreement and only allow the installation of one (1) outdoor advertising structure with two (2) static advertising faces per the existing lease agreement.