3* ll STANDSTILL AGREEMENT The City of Tacoma and Clear Channel: Outdoor, Inc. wish to reach a comprehensive understanding on the appropriate regulation of outdoor advertising in Tacoma. To facilitate that goal, the City and Clear Channel agree as follows: 1. Future discussions regarding billboard regulation shall be covered by ER 408. 2 after execution of this agreement (the "Standstill Ageement"), the parties shall file a dismissal without prejudice, and without costs or fees, of the pending lawsuit between the City and Clear Channel (Cigg of Tacoma v. Clear Channel Outdoor, Inc., No. Cl1--5747 BHS) ("The Lawsuit"). 3 If either the claims or counterclaims in The Lawsuit are later refiled, they shall be deemed to have been brought as of the date they were originally filed for purposes of the statute of limitations, waiver and laches. 4. The City agrees to stay enforcement of Substitute Ordinance No. 28009 for a period of two years, following the effective date of this Standstill Ageement ("Standstill Period"). During the Standstill Period, the billboard code adopted in 1997 shall apply to Clear Channel, with the exception of Section 13.06.52 lN6(C)(6)(Arnortization), which Section shall not apply to or be enforced against Clear Channel during the Standstill Period. During the Standstill Period, the parti agree to meet and confer to determine if a permanent solution can be reached to resolve the issues between the parti . These discussions will focus on a sign consolidation progam whereby a plan could be developed to remove specified signs from igxated portions of the City in exchange for bulletin sized static billboards to be constructed or reconstructed in certain areas of the City which are mutually ageeable to the City and Clear Chatmel. These discussions will also include a plan for ted rights for all constructed and newly consnucted or reconstructed billboards. Should the issues between the parties not be resolved during the Standstill Period, either party shall have the right to reinstitute The Lawsuit without waiving any claims, defens or appeal rights. Clear Channel recogniz that nothing in this Standstill Ageement authorizes the construction of digital billboards in the City of Tacoma. 5. The parties agee that the following shall occur within the time periods provided herein: Within thirty (30) days following the effective date of this Standstill Ageement, Clear Channel agrees to submit a letter to the City relinquishing its rights in all banked sign permits currently on file with the City. Within 30 days following the effective date of this Standstill Agreement, Clear Channel shall apply for all permits necessary to remove the billboards at the locations more fully set forth on Schedule 1 attached hereto (the "Removed Billboards"). Clear Channel shall remove the Removed Billboards within 60 days of issuance of said permits. For purposes of this provision, removal means removal of billboard face and structure, cut down to gade and a maximum of two (2) feet of the below gade of the footings removed. It is Standstill Agreement Between Clear Channel Outdoor, Inc. and City of Tacomangl agreed betweg thgnarties that the Removed Billboards will count toward any consoidation plan that is reached in resolution of The Lawsuit. In further consideration of this Standstill Agreement, Clear Charmel relinquish any claim to just com;I1sa$1 il the Removcl Within ninety (90) days fowng the effective date of this Agreerient, the billboards more fully set forth on Schedti 2 attached hereto (the "Repaired Billboards") shall receive routine maintenance as reasonably determinll by Clear Channel in order to insure sul Repaired Billboards comply with all applicable laws atl regulatiol within such inejiod. If ie City deimin that any additinal routie mairpnaj is rmied to the Repaired Billboards wir such time period, the City and Clear Charjel use good faith efforts during such period to agree upon any additional routine maintenance to be undertakerly Clear Clannel. 6. This Standstill Apeement captains the erite understanding between the pies regarding this Standstill Agreement. There are no other representations, agreements, arrangements or understandings, verbal or written, between and among the parks relling to the subject matter of this Standstill Agreement. 7. The Ioviions of thi Standill Agrpment are pverable, and if ar] part of iis found to be unlawful or the other proifions of this Agreement shall remain tirlly valid and enforceable to the maximum extent consistent with applile law. 8. Except as lrerwle herein prowlled, this Qeement be biriirl upon and _re to tl| benefit of the|arti their succes{, heirs and {sins. 9. This Standst!l Agreement sh! be construed an! interpr&d under the laws of the Kte of 10. Each the 'g signir] ljeto warrj thrjit has the tirll ity to si this krdill bin mari or the governmental entity upri and `vidual signing. 11. 'l--e1ve it ll 20] DATED this may of Auirst, 2012. LAK CQIEL DUTDOQ lil`!} . . -.-.- Attqmey Standstill Agreement Between Cl1rel Oioor,1. ld of Tacorl m2 Ii'! SCHEDULE 1 . Removed Billboards Panel Lease Sales Addre? 045240 9873 6TH AV SL 304F STATE ST WF-2 043 804 10356 TACOMA WY EL 300F 66TH ST SF-2 040229 11361 11TH ST NL .4 MI MARINE VIEW DR WF 1 040230 11361 11TH ST NL .4 MI MARINE VIEW DR EF 2 040232 11361 11TH ST NL .5 MI MARINE VIEW DR EF 1 040233 11361 11TH ST NL .5 MI MARINE VIEW DRWF1 040235 11368 11TH ST SL 265F TAYLOR WY EF-1 040236 11368 11TH ST SL 265F TAYLOR WY WF-2 044076 11613 TACOMA WY WL 50F 52ND ST NF-1 044075 11613 TACOMA WY WL 5F 52ND ST SF-1 040624 12178 PUYALLUP AV SL 120F ST EF-1 040625 12178 PUYALLUP AV SL 120F ST WF-1 045492 12869 11TH ST NL 20F ST EF-1 044471 13221 CENTER ST NL 10OF LAWRENCE ST EF-2 044469 13221 CENTER ST NL 10OF LAWRENCE ST WF-1 044585 14151 38TH ST SL 125F PUGET SOUND AV EF-1 044586 14151 38TH ST SL 125F PUGET SOUND AV WF-2 045655 37795 TACOMA AV WL 75F 14TH ST SF-1 040666 40025 PUYALLUP AV SL 150F PACIFIC AV EF-1 040667 40025 PUYALLUP AV SL 25F PACIFIC AV NF-1 044219 40056 TACOMA WY SL 50F EF-1 044220 40056 TACOMA WY SL 50F WF-2 044448 40057 CENTER ST NL SF CEDAR ST WF-1 045135 40062 6TH AV NL 50F ALDER ST WF-1 045136 40062 6TH AV NL 50F ALDER ST WF-2 040748 40140 ST WL 50F 27TH ST NF-1 041286 40261 MCKINLEY AV WL 70F 63RD ST SF-1 041287 40261 MCKINLEY AV WL 70F 63RD ST NF-2 041266 40261 MCKINLEY AV WL 33F 63RD ST SF-1 040222 40316 MARINE VIEW DR 11TH ST SF-2 040221 40316 MARINE VIEW DR EL 500F 11TH ST NF-1 gil? ri .. SCHEDULE 2 Rgpaired Billboards Address - Lea Ride De cription 1314 Puyallup Ave. 14050 Puyallup AV SL 600F Portland Av 1314 Puyallup Ave. 14051 Puyallup AV SL 600F Portland Av 2344 Jefferson 9035 Jefferson AV WL 215F 25TH ST 3537 McKinley Ave. 9067 McKinley AV EL 100F Morton 3537 McKinley Ave. 9067 McKinley AV EL 100F Morton 2365 Tacoma 10808 Tacoma AV EL 65F 25TH ST 1309 S. 56th St. 11381 56th STNL 100F SM ST 1217 S. 56th St. 12203 56th ST NL 45F ST 2301 Pacific Ave. 13133 Pacific AV EL 50F 23RD ST 2220 E. St. 14049 Puyallup AV SL 475F Portland AV 2220 E. St. 14049 Puyallup AV SII. 475F Portland AV 2510 Pacific 14065 Pacific AV WL 150F Tacoma HWY 509 SL .2M Portland AV 2216 E. St. 14084 ?Overpass 2404 6th Ave. 14135 6TH AV SL 25F Steele St 856 S. 38th St. 14149 38TH ST SL 100F Thompson AV 856 S. 38th St. 14149 38TH ST SL 100F Thompson AV 3519 6th Ave. 37869 6TH AV NL 50F Union St 6519 6th Ave. 13310 6TH AV SL 750F Pearl *55 I