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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(This is the first of two required public hearings. The second public hearing will be held on June 18, 2024.)
MOTION TO APPROVE Second Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and Florida International Terminal, LLC ("FIT"), to exercise both Option Terms, memorialize the Final Premises Effective Date, restructure the rental rate and per container (shipmove) rate (with the related minimum guaranteed payment) into an "all in" bundled rate, increase the credit to FIT for certain improvements to be made to the Final Premises, and update miscellaneous provisions.
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Why Action is Necessary
Pursuant to Section 32.5.b. of the Broward County Administrative Code, two Public Hearings are required for amendments to marine terminal leases exceeding five years within the Restricted Use Zone.
What Action Accomplishes
Allows for the consideration of the Second Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and Florida International Terminal, LLC. This is the first of two Public Hearings. The second Public Hearing will be held on June 18, 2024. No action is required on this motion.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
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."
Florida International Terminal, LLC ("FIT") has operated a container terminal in the Southport area of Port Everglades since 200...
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