Interoffice Memorandum
DATE: October 28, 2025
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Luciana Mino, Assistant Manager
FROM: Rebekah Petrelli, Senior Acquisition Agent
CONTACT: Faye Lee, Administrative Assistant
PHONE: 407-836-7097
DIVISION: Real Estate Management Division
ACTION REQUESTED:
title
Approval and execution of Clear Channel Outdoor, LLC and Orange County, Florida First Amendment to Lease and authorization for the Manager or Assistant Manager of the Real Estate Management Division to exercise renewal options, and furnish notice, required, or allowed by the Lease as needed for Clear Channel Outdoor, LLC, 9800 International Drive, Orlando, Florida 32819. Lease File 7011. District 6. (Real Estate Management Division)
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PROJECT:
Clear Channel Outdoor, LLC
9800 International Drive
Orlando, Florida 32819
Lease File 7011
PURPOSE: To continue to provide space at the Orange County Convention Center for a Clear Channel billboard.
ITEM:
First Amendment to Lease
Term: Until November 30, 2026
Option: Five, one-year renewals
BUDGET: N/A
REVENUE: Account No.: 4430-035-0900-6245
FUNDS: N/A
APPROVALS:
Real Estate Management Division
County Attorney’s Office
Risk Management Division
Orange County Convention Center
REMARKS: The original Lease Agreement was executed on September 25, 1992, between the Central Florida YMCA and POA Acquisition Corporation to allow construction and operation of a billboard located at the Orange County Convention Center site. The Lease was later assigned to Clear Channel Outdoor, LLC, through a series of corporate successions and subsequently amended and restated on September 17, 2002.
On November 30, 2012, YMCA and Clear Channel Outdoor, LLC executed an Extension and Modification of Lease Agreement for a three-year term with three five-year renewal options. Concurrently, YMCA assigned the Lease to Orange County pursuant to a Lease and Funding Agreement approved by the County on November 27, 2012. Through that assignment, Orange County became the Lessor, and the County has since managed the Lease directly with Clear Channel Outdoor, LLC. The Lease is currently set to expire on November 30, 2025.
This First Amendment to Lease updates the rent structure, increases the annual base rent to $240,000, and extends the term by one additional year with up to five consecutive one-year renewals. It also introduces new termination provisions allowing either party to terminate the Lease with 90 days’ written notice prior to the end of any renewal term, or at any time on or after December 1, 2025, with 180 days’ written notice.