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 second of two required public hearings. The first public hearing was held on June 4, 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; and authorize the Mayor and Clerk to execute same.
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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
Approval of the Second Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and Florida International Terminal, LLC. This is the second of two Public Hearings. The first Public Hearing was held on June 4, 2024.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
The first public hearing was held on June 4, 2024 (Item No. 55).
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 S...
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