The Security Bin Advertising Program Contract is a lease and concession contract between the Hillsborough County Aviation Authority and SecurityPoint Media, LLC. The contract is for a term of 5 years, starting from April 1, 2022, and ending on March 31, 2027. The contract outlines the terms and conditions for the operation of a security bin advertising program at the Tampa International Airport. The concessionaire, SecurityPoint Media, LLC, is responsible for providing security bins with advertisements in designated areas of the airport. The authority reserves the right to reclaim the assigned areas if necessary for airport development or operations. The contract also outlines the fees, reporting, and accounting requirements for the concessionaire. Some key points of the contract include:
• The concessionaire is responsible for paying a percentage fee to the authority based on gross receipts.
• The concessionaire must provide a statement of gross receipts to the authority on a monthly basis.
• The concessionaire is responsible for maintaining the assigned areas and ensuring that they are kept in a first-class condition.
• The authority reserves the right to terminate the contract if the concessionaire fails to comply with the terms and conditions.
The contract also includes various exhibits, including a tenant work permit handbook, which outlines the requirements for construction activities at the airport.