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RiversideCA.gov
CITY COUNCILJune 27, 2023FIRST AMENDMENT TO LICENSE AGREEMENT WITH CITICASTER CO. FOR AN EIGHTEEN MONTH EXTENSION;ESTIMATED REVENUE $54,466.19Community & Economic Development Department RiversideCA.gov2
1. December 1, 1994, City entered into a 20-year leasewith Hispanic Radio Broadcasters for use of a 10-acreportion of Pellissier Ranch for a broadcastingtower/facility.2. August 11, 1998, Council approved the assignment ofthe lease to Citicasters Co.BACKGROUND 6/14/2023
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3. July 8, 2014, Council approved a First Amendment withCiticaster Co. for a five-year extension, an increase tothe rental payments, and insurance requirements tomeet City standards.4. April 10, 2017, Board of Public Utilities approved theestablishment of uniform rental rates for the issuance ofcanal license agreements which Council approved onMay 9, 2017.BACKGROUND RiversideCA.gov4
5. January 13, 2020, Board approved a five-year licenseagreement with Citicaster Co. with no option to extenddue to the pending approval of the Northside Inter-jurisdictional Specific Plan. Council approved the itemon February 4, 2020.BACKGROUND 6/14/2023
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1. July 11, 2022, Citicaster contacted staff with a requestto renew the license agreement.2. With the approval of the Northside Specific Plan, andthe Request for Proposal for a master developerpending, staff agreed to extend the current agreement18 months to May 30, 2026.3. The extension will allow Citicaster to arrange to havethe radio tower and associated facilities removed.DISCUSSION RiversideCA.gov6
1. Pellissier Ranch outlined in red2. Location of radio tower indicated by blue circleDISCUSSION
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STRATEGIC PLAN ALIGNMENTStrategic Priority 5 – High Performing GovernmentGoal 5.4 – Achieve and maintain financial health by addressing gaps between revenues and expenditures and aligning resources with strategic priorities to yield the greatest impact.Cross-Cutting ThreadsCommunity TrustEquityFiscal ResponsibilityInnovationSustainability & Resiliency RiversideCA.gov8
That the City Council:1. Approve the First Amendment with iHeartMedia +Entertainment, a Nevada corporation, authorized to dobusiness in California, as successor in interest to Citicasters Co.,to extend the term of the agreement to May 30, 2026 for theuse of a portion of Pellissier Ranch located in San BernardinoCounty, bearing Assessor’s Parcel Number 0277-022-75; and2. Authorize the City Manager, or designee, to execute theagreement, including making minor non-substantive changes,and to sign all documents necessary to complete thetransaction.RECOMMENDATIONS