Broward County Commission Regular Meeting
Director's Name: Joseph Morris
Department: Port Everglades Division: Business Development
Information
Requested Action
title
MOTION TO AUTHORIZE Port Everglades Chief Executive/Port Director to execute a mutual termination letter, subject to review and approval by the Office of the County Attorney for legal sufficiency, to terminate the Lease Agreement between Broward County and Princess Cruise Lines, LTD. (Corp.), dated August 14, 2024, for space in Warehouse 30 at Port Everglades.
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Why Action is Necessary
Mutual termination of the Lease Agreement between Broward County and Princess Cruise Lines, LTD. (Corp.) requires approval by the Broward County Board of County Commissioners.
What Action Accomplishes
Authorizes the Port Everglades Chief Executive/Port Director to execute a mutual termination letter, subject to review and approval by the Office of the County Attorney for legal sufficiency, to terminate the Lease Agreement between Broward County, as lessor, and Princess Cruise Lines, Ltd. (Corp.) ("Princess"), as lessee, for 17,248 square feet of warehouse space in Port Everglades' Warehouse 30, located at 3401 McIntosh Road, Hollywood, Florida.
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Previous Action Taken
None
Summary Explanation/Background
On August 14, 2024, the County entered into a Lease Agreement with Princess (the "Lease Agreement") for approximately 17,248 square feet of warehouse space within Warehouse 30 in Port Everglades, located at 3401 McIntosh Road, Hollywood, Florida. The County Administrator executed the Lease Agreement during the 2024 Summer Recess, as the Broward County Board of County Commissioners authorized on June 18, 2024 (Item No. 44). The lease was for an initial three-year term effective October 1, 2024, with an additional three-year extension term if exercised by Princess.
Princess originally planned to build out the warehouse space and use i...
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