Broward County Commission Regular Meeting
Director's Name: Bertha Henry
Department: County Administration Division: Parks & Recreation
Information
Requested Action
title
MOTION TO APPROVE Third Amendment to Agreement between Broward County (County) and Worldwide Sports Management Group, LLC (Worldwide), for Promotion and Management of International Cricket Events and Major Cricket Events at Central Broward Regional Park, waiving and further deferring certain fees owed by Worldwide to County to the County, revising the schedule for capital improvements to provide Worldwide additional time for completion, and extending the initial term by 24 months; and authorize the Mayor and Clerk to execute same. (Commission District 9)
body
Why Action is Necessary
Board approval is required for this action.
What Action Accomplishes
Extends the initial term of the Agreement for 24 months through June 13, 2024; defers the Concession-related Improvements outlined in Exhibit A of the Agreement until contract year 6; further defers certain fees owed by Worldwide to County; and waives certain fees owed by Worldwide to County.
Is this Action Goal Related
No
Previous Action Taken
None
Summary Explanation/Background
THE PARKS AND RECREATION DIVISION RECOMMENDS APPROVAL OF THE ABOVE MOTION.
On June 14, 2017 (Item No. 73), County and Worldwide entered into an Agreement for the Promotion and Management of International Cricket Events and Major Cricket Events at the Stadium at Central Broward Regional Park (Park) (the Agreement).
On March 5, 2019 (Item No. 38), County and Worldwide entered into a First Amendment to the Agreement, which modified the rights and obligations of each party concerning the booking of cricket events at the stadium and park, amended Worldwide's obligations in providing stadium-related capital improvements, and updated other terms and conditions of the Agreement.
On April 6, 2021 (Item No. 56), County and Worldwide entered into a Second Amendm...
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