REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on a Change Order to the Agreement with Jones Sign Co. Inc. to Include Extended Warranty for the Levi's Naming Rights Signage Refurbishment/Replacement CapEx Project at Levi's Stadium, Budget Amendment in the Amount of $256,942, and Delegated Authority for Final Extended Warranty Amount
Report
EXECUTIVE SUMMARY
On December 3, 2024, the Stadium Authority Board approved a budget amendment for the Levi's Naming Rights Signage Refurbishment/Replacement line item in the Stadium Authority FY 2024/25 Capital Expense (CapEx) Budget to increase the budget to $3,861,081 and an agreement with Jones Sign Co. Inc. in the amount of $3,978,556 to replace the four (4) Naming Rights signs at Levi's Stadium, pursuant to the First Amendment to the Naming Rights Agreement with Levi Strauss & Co. and the Levi's Stadium Naming Rights Extension and Enhanced Signage Project Implementation Agreement (Implementation Agreement) with Forty Niners SC Stadium Company LLC (StadCo); and authorized the Stadium Manager to execute any and all documents associated with, and necessary for the award, completion, and acceptance of the project and change orders for the agreement up to $397,856, for a total not to exceed amount of $4,376,412. On October 21, 2025 the Board approved another budget amendment for this project increasing the budget to $4,658,688 with an offset of $797,607 of reimbursement revenue from StadCo for its share of the costs in accordance with the Implementation Agreement. This amendment was needed because all costs associated with this project would be capitalized on the Stadium Authority's financial statements.
The Stadium Manager is requesting additional budget amendments and the Stadium Authority's selection of extended warranty to close out the CapEx project.
BACKGROUND
On May 9, 2013, the Santa Clara Stadium Authority (Stadium Authority) and Levi Strauss & Co. (Levi's) entered into a Naming Rights Agreement (Attach...
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