Broward County Commission Regular Meeting
Director's Name: Mark Gale
Department: Aviation Division: Business
Information
Requested Action
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MOTION TO APPROVE Fifth Amendment to First Amended and Restated Business Technology Service Centers Concession Agreement between Broward County and Fort Lauderdale Business and Currency Services, LLC to adjust the Minimum Annual Guarantee for Contract Year seven and modify the Assigned Areas; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
In accordance with Chapter 26.4 of the Broward County Administrative Code, Concession Agreements require Broward County Board of County Commissioners ("Board") approval.
What Action Accomplishes
Adjusts the Minimum Annual Guarantee ("MAG") to the First Amended and Restated Business Technology Service Centers Concession Agreement ("Agreement") between Broward County ("County") and Fort Lauderdale Business and Currency Services, LLC ("FLBCS") and modifies the Assigned Areas at Broward County's Fort Lauderdale-Hollywood International Airport ("FLL").
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Previous Action Taken
None.
Summary Explanation/Background
THE AVIATION DEPARTMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.
This action adjusts the MAG for Contract Year seven (i.e., April 1, 2024, through March 31, 2025) of the Agreement and modifies the Assigned Areas.
On February 27, 2018 (Item No. 65), the Board approved the Agreement for the non-exclusive right to operate a Business Technology Service Concession at FLL. The Agreement commenced on April 1, 2018, with a termination date of March 31, 2023. The Agreement required a capital expenditure of no less than $200,000.
On September 29, 2020, the County Administrator, authorized by Board action on June 16, 2020 (Item No. 68), approved the First Amendment to the Agreement to waive the monthly MAG portion of the Privilege Fee payments for the months of April 2020, M...
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