Broward County Commission Regular Meeting
Director's Name: Mark Gale
Department: Aviation Division: Business
Information
Requested Action
title
MOTION TO APPROVE Third Amendment to the Agreement of Lease between Broward County and Azorra Aviation, LLC, at Broward County's Fort Lauderdale-Hollywood International Airport; and authorize Mayor and Clerk to execute same.
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Why Action is Necessary
Chapter 2 of the Broward County Code of Ordinances provides that all changes to lease agreements be approved by the Broward County Board of County Commissioners ("Board").
What Action Accomplishes
Extends certain benchmarks of the Agreement of Lease ("Agreement") between Broward County and Azorra Aviation, LLC ("Azorra") regarding the completion of construction on the Development Parcel and the onset of rent, eliminates phased development, updates insurance requirements, revises the footprint of the Development Parcel, and requires Azorra to reimburse Broward County ("County") its proportionate share of the construction costs of a retention pond.
Is this Action Goal Related
No
Previous Action Taken
None.
Summary Explanation/Background
THE AVIATION DEPARTMENT RECOMMENDS APPROVAL OF THE MOTION.
This action will amend the Agreement to extend certain benchmark dates, eliminate phased development, update insurance requirements, revise the footprint of the parcel to accommodate a taxilane, and require Azorra to reimburse the County its proportionate share of costs incurred by the County for the construction of a retention pond to support development at the Airport.
On December 9, 2014 (Item No. 57) the Board approved the Agreement for a term of 31 years, terminating on December 31, 2045. The Agreement requires Azorra to expend a minimum capital investment of $10,000,000 on a 25-acre Development Parcel located on the west side of Fort Lauderdale-Hollywood International Airport ("FLL"). The Agreement permits Azorra to continue to occupy their current parc...
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