Broward County Commission Regular Meeting
Director's Name: Glenn Wiltshire (Acting Director)
Department: Port Everglades Division: Business Development
Information
Requested Action
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MOTION TO APPROVE Consent to Sublease between Broward County, as Landlord, Horizon Terminal Services LLC, as Lessee and Sublessor, and Rehoboth Terminal LLC, as Sublessee, for a portion of the premises leased from Broward County to Horizon Terminal Services LLC at Port Everglades pursuant to a Marine Terminal Lease and Operating Agreement dated January 29, 2018, as amended; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
Broward County Board of County Commissioners' consent is required for any sublease pursuant to Section 15 of the Marine Terminal Lease and Operating Agreement.
What Action Accomplishes
Approves Consent to Sublease between Broward County, as Landlord, Horizon Terminal Services LLC, as Lessee and Sublessor, and Rehoboth Terminal LLC, as Sublessee, for a portion of the premises leased from Broward County to Horizon Terminal Services LLC at Portt Everglades.
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Previous Action Taken
None.
Summary Explanation/Background
THE PORT EVERGLADES DEPARTMENT RECOMMENDS APPROVAL.
This action supports the Broward County Board of County Commissioners' ("Board") Value of "Building partnerships and working collaboratively with others to meet shared objectives," and the Goal of "Ensuring economic opportunities and a sustainable economy, with an emphasis on Broward's lower and middle class."
On January 23, 2018 (Item No. 7), the Board approved a Marine Terminal Lease and Operating Agreement ("Marine Terminal Lease") between Broward County and Horizon Terminal Services LLC ("Horizon") for ?8.67 acres of land and 27,560 square feet of warehouse space in the Midport area of Port Everglades (see Exhibit 2) for a five-year term commencing retroactive to January 1, 2018. On...
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