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 December 10, 2024.)
MOTION TO APPROVE Second Amendment to Marine Terminal Lease and Operating Agreement between Broward County and Horizon Terminal Services LLC, to provide for lease expiration on November 30, 2024 (instead of on December 31, 2025), waive rent for the period from October 9, 2024, through November 30, 2024, and waive the Annual Minimum Guaranteed Payment for Lease Year 7 (January 1, 2024 - November 30, 2024).
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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 where the demised premises are within the Restricted Use Zone.
What Action Accomplishes
Provides for the first of two public hearings for consideration of the Second Amendment to Marine Terminal Lease and Operating Agreement between Broward County and Horizon Terminal Services LLC, to provide for expiration on November 30, 2024 (instead of on December 31, 2025), waive rent for the period from October 9, 2024, through November 30, 2024, and waive the Annual Minimum Guaranteed Payment for Lease Year 7 (January 1, 2024, through November 30, 2024).
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."
On January 23, 2018 (Item No. 7), the Board appro...
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