Bus Stop Advertising

The City of Peoria, Arizona, has awarded a contract to Outfront Media Group, LLC, for bus stop advertising services. The contract has a term of 5 years, with an option for renewal. The vendor will be responsible for managing the city's transit street furniture advertising and making revenue payments to the city. The contract includes provisions for quarterly revenue statements, audits, and a transition plan in the event of a successor contractor. Key aspects of the contract include: * The vendor will provide a quarterly revenue statement and make payments to the city based on the revenue generated. * The city reserves the right to audit the vendor's records and conduct inspections of the advertising displays. * The vendor will be responsible for maintaining accurate records of all transactions and providing reports to the city as required. * The contract includes a transition plan in the event of a successor contractor, which will ensure a seamless transition of services. The contract is governed by the laws of the State of Arizona and is subject to the provisions of the City of Peoria Procurement Code.