City of Glendale Planning Commission Agenda November 19 2025
Development Agreement for Signage Rights Recommended for Caruso
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Description
The Glendale Planning Commission recommended approval of a Statutory Development Agreement with Caruso for signage installation and revenue-sharing at 234 South Brand Blvd. The agreement grants signage rights for 20 years, with two five-year renewal options, and provides annual public benefit fees to the City.
Contract Details
Vendor
CARUSO
Agency
City of Glendale, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
November 19, 2025
Contract Term
20 years with two 5-year extension options
Renewal Date
2045-12-31
Renewal Info
Initial term is 20 years, with two possible five-year renewal options. Annual fees escalate after a 10-year amortization for animated signs. Agreement modeled after prior contracts with the Americana and Glendale Galleria.
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