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agreement is to be for an amount not to exceed $10,904,376, which includes a 15% contingency funding for annual Cost Price Index ("CPI") adjustments and a further 15% contingency set -aside for anticipated United States postage increases — altogether totaling $2,516,394 over the maximum 8'/2-year life of the agreement. The renewal agreement commences April 19, 2022 and contains a base term covering FY 2021- 22, 2022-23, 2023-24 and FY 2024-25, expiring December 31, 2025, with provision for two renewal options of three years, and one year, respectively, ending December 31, 2029 (Agreement No. 2022-XXX). 22. Approve an Agreement with Outfront Media LLC for the Design, Construction, Maintenance, and Operation of Digital Billboards and Digital Banners at City -owned Properties throughout the City for a 25-Year Term (General Fund) Department(s): Public Works Agency Recommended Action: Authorize the City Manager to execute an agreement with Outfront Media LLC to design, construct, maintain, and operate digital billboards at City -owned freeway locations and digital banners throughout the City, and to share advertising revenue from digital billboards and digital banners, for a 25-year period beginning April 19, 2022 and ending April 18, 2047, with an option to extend for a period of ten years, subject to non -substantive changes approved by the City Manager and City Attorney (Agreement No. 2022-XXX). 23. Approve Agreement with Group 4 Architecture, Research + Planning, Inc. in an Amount Not to Exceed $2,158,565 for a Three -Year Term (Project No. 22-1380) (Revive Santa Ana Program) Department(s): Public Works Agency, Library Recommended Action: Authorize the City Manager to execute an agreement with Group 4 Architecture, Research + Planning, Inc. to provide full design services for the Santa Ana Main Library's renovation project, in the amount of $2,158,565, for a three- year term beginning April 19, 2022 and expiring April 18, 2025, with an option for two, one-year extensions, subject non -substantive changes approved by the City Manager and City Attorney (Agreement No. 2022-XXX). 24. Adopt a Resolution Establishing the Joint School Collaboration City Council Standing Subcommittee between the City of Santa Ana and the Santa Ana Unified School District Department(s): Parks, Recreation, and Community Services Recommended Action: Resolution No. 2022-XXX — Adopt a resolution establishing the joint school collaboration City Council standing subcommittee between the City of Santa Ana and the Santa Ana Unified School District. 25. Approve Appropriation Adjustment to Recognize Initial Disbursement of Homeless Housing, Assistance and Prevention Program Funds (Non -General Fund) Page 11 4/19/2022