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GRANT OF NON-EXCLUSIVE TRANSIT STOP SHELTER FRANCHISE TO OUTDOOR PROMOTIONS, INC. ORDINANCE NO. AN ORDINANCE GRANTING TO OUTDOOR PROMOTIONS, INC. A NON- EXCLUSIVE RIGHT TO LOCATE AND MAINTAIN TRANSIT STOP SHELTERS IN THE CITY OF ROSEVILLE Purposes. The City has adopted, through Ordinance No. 1294, codified as Chapter 1207 of the City Code, and by virtue of the authority of Minn. Stat. S 160.27, a Transit Shelter Program providing for the grant of franchises to franchisees to erect and maintain transit stop shelters in the City. Section 1. Grant of Franchise. The City hereby grants to Outdoor Promotions, Inc., whose principal address is 5724 South College Avenue, Fort Collins, CO 80525, a franchise to erect and maintain transit stop shelters in the City on the terms and conditions contained herein. Section 2. General Terms. The grant of the franchise herein is subject to all the terms, conditions, and requirements of Chapter 1207 of the Roseville City Code, which establishes general terms governing all grants of transit shelter franchises in the City. Section 3. Terms. The franchise granted hereby shall remain in full force and effect for an initial period often (10) years from and after its effective; provided, however, that the franchisee shall have the option to extend the franchise for up to two (2) additional five (5)-year terms if, as of sixty (60) days prior to the end of the then-current franchise term, (a) there exists no uncured breach of the covenants as described in Section 1207.25A(l) through (7), (b) a Forfeiture and Termination Notice, as described in Section 1207.25(B), has not been given to the franchisee by the City within the previous twenty-four (24) months and (c) the franchisee and the City have agreed upon the franchise fee to be paid by the franchisee during the applicable terms or, in the event agreement has not been reached, the franchise fee offered by the franchisee to the City for the first extension period is equal to or greater than one hundred ten percent (110%) of the then-existing franchise fee and the franchise fee offered by the franchisee to the City for the second extension period is equal to or greater than one hundred five percent (105%) of the then- existing franchise fee.