Transit shelters. 33. The Owner shall provide the Regional District with $40,000 for four bus shelters to be installed by the Regional District at locations on or in the immediate vicinity of the Lakes District Land and the Schooner Cove Land, such payment to be provided when the Regional District has commenced a regularly scheduled daily bus service to the Lakes District Land or the Schooner Cove Land, and the Regional District shall construct all four transit shelters within six months after the receipt of $40,000.
Transit shelters. Any proposed transit shelters and other related facilities shall be located with the approval of the City Engineer and the City’s Transit Manager and shall clearly be shown on all Plans.
Transit shelters. MTS may derive revenue from the sale of advertising on its transit shelters within the CITY’s public right-of-way. MTS will administer the transit shelter program, including procuring new transit shelters and hiring a contractor to replace the existing shelters at bus stops located within MTS’s jurisdiction. MTS has entered into a 10 year contract (5 year base and 5 one-year options) with Clear Channel Outdoor, beginning January 1, 2014. MTS intends to complete a procurement for new transit shelters by the end of 2014. MTS and CITY agree to use the revenue generated from the Clear Channel Outdoor contract to fund the transit shelter procurement. Depending on the cost of the shelters, it is estimated that the first five to seven years of revenue from the contract will be dedicated to the transit shelter procurement project. After all expenses related to the transit shelter procurement have been paid for, MTS agrees to pay to CITY, in quarterly installments, ten percent of all additional revenue generated for advertising at shelters located on CITY right-of-way. CITY agrees to program all revenue received under this agreement into its Capital Improvement Program for the following fiscal year. All revenue received under this Agreement by CITY shall be spent on the installation of concrete bus pads, Americans with Disabilities Act improvements or other transit improvements mutually agreed upon by the parties at or near bus stop locations selected by and located in the CITY. At the time of execution of this amendment, eighty-nine percent (based upon 301 of the 338 shelters with advertising located in within the CITY) of the shelter revenue is attributed to transit shelters located in the CITY.
