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Meriden council rejects proposed 20-year Lamar billboard lease, citing timing and value concerns
Summary
After a long debate about rent, advertising hours and timing, the Meriden City Council voted to accept the finance committee's recommendation and deny a proposed 20-year lease with Lamar for a billboard at 528 Murdoch Avenue; an amendment to accept a revised lease failed 4-5.
Meriden City Council voted to deny a proposed 20-year lease with Lamar Companies for a billboard at 528 Murdoch Avenue after councilors raised concerns about negotiating an extension eight years before the current contract expires and questioned the value of the 2,000 annual advertising hours Lamar proposed to provide to the city.
City Manager Brian Daniels described Lamar's revised offer as "their absolute best offer," saying the company agreed to a staggered rent schedule (years 1: $45,000; years 6: $49,500; years 11: $54,450; years…
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