Broward County Commission Regular Meeting
Director's Name: Joseph Morris
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 September 4, 2025.)
MOTION TO APPROVE Second Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and King Ocean Services Limited (Cayman Islands) Incorporated, retroactive to March 31, 2025, to acknowledge the exercise of both Option Terms; separate land rent from container shipmove rates; set rent, container shipmove rates, and the annual minimum guaranteed payment from the Final Premises Effective Date through the last day of the Option Terms; redefine eligible cargo for negotiated rates; revise the Final Premises leasehold boundaries and the Final Premises Effective Date; update berth/crane and maintenance terms; establish a transition period and a relocation deadline; provide additional payment credits; and update various other 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 King Ocean Services Limited (Cayman Islands) Incorporated. This is the first of two Public Hearings. The second Public Hearing will be held on September 4, 2025. 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 sha...
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