Broward County Commission Regular Meeting
Director's Name: Mark Gale
Department: Aviation Division: North Perry Airport
Information
Requested Action
title
MOTION TO APPROVE First Amendment to the Agreement of Lease between Broward County and Triton Airport Development, LLC, for property located at North Perry Airport to add approximately 918 square feet to the leased premises; and authorize the Mayor and Clerk to execute.
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Why Action is Necessary
Chapter 2, Section 2-40(a) of the Broward County Code of Ordinances, requires the Broward County Board of County Commissioners (“Board”) approval to authorize any commercial activities or occupancy of any portion of Broward County’s Fort Lauderdale-Hollywood International Airport (“FLL”) and North Perry Airport (“HWO”).
What Action Accomplishes
The action amends the existing Agreement of Lease (“Agreement”) between Broward County (“County”) and Triton Airport Development, LLC. (“Triton”) to add approximately 918 square feet.
Is this Action Goal Related
No
Previous Action Taken
None.
Summary Explanation/Background
THE AVIATION DEPARTMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.
The action amends the existing Agreement with Triton to add approximately 918 square feet to the lease premises at HWO.
On September 20, 2022 (Item No. 3), the Board approved the Agreement between the County and Triton for a lease term of 25 years.
Triton is leasing approximately 0.9 acres of land to provide aircraft storage at HWO. Triton is required to construct a 10,000 square feet addition to an existing hangar (“Required Improvement”), and the Agreement contains a minimum capital expenditure requirement of $1,000,000. The Required Improvement must be completed by the last day of the 3rd lease year. The additional 918 square feet as part of the First Amendment will provide extra space for the improvement.
The proposed First Amendment has been reviewed and approved as to form by the Office of the County Attorney.
Source of Additional Information
Mark E. Gale, A. A. E., CEO/Director, Aviation Department, (954) 359-6199
Fiscal Impact
Fiscal Impact/Cost Summary
Triton pays the County $64,757 annually in rent, plus applicable taxes.