Broward County Commission Regular Meeting
Director's Name: Jonathan Daniels
Department: Port Everglades Division: Business Administration
Information
Requested Action
title
MOTION TO APPROVE First Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and Horizon Terminal Services LLC to provide for a revised description of the premises, extension of the lease term for an additional three years, modified rental rate, modified cargo unit rate, modified minimum annual guarantee, and consent to the sale and transfer of all Horizon Terminal Services, LLC, membership interests from H?egh Autoliners B.V. to APS East Coast, Inc.; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
Lease amendments require approval by the Broward County Board of County Commissioners.
What Action Accomplishes
Approves the First Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and Horizon Terminal Services LLC.
Is this Action Goal Related
Yes
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 "Ensuring economic opportunities for Broward's diverse population and businesses" and the Goal to "Increase the economic strength and impact of revenue-generating County enterprises balancing economic, environmental, and community needs."
On January 23, 2018 (Item No. 7), the Board approved a Marine Terminal Lease and Operating Agreement ("Marine Terminal Lease") between Broward County and Horizon Terminal Services LLC ("Horizon") for 8.67 acres of land and 27,560 square feet of warehouse space in the Midport area of Port Everglades for a five-year term commencing on January 1, 2018 (see Exhibit 3).
In November 2019, Horizon approached Port staff to request additional land to meet their expanding business needs.
The Port Everglades Ma...
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