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File #: 22-995   
Status: Agenda Ready
In control: AVIATION DEPARTMENT
On agenda: 6/14/2022 Final action: 6/14/2022
Title: A. MOTION TO APPROVE Term Sheet ("Term Sheet") attached hereto as Exhibit 1 between Broward County ("County") and 2500 SW 39th Acquisition, LLC ("Buyer") related to, among other things, the sale of 3.1771 acres of Fort Lauderdale-Hollywood International Airport property ("Parcel") to Buyer pursuant to Section 125.045, Florida Statutes, and the design and construction of an approximately 90,000 square foot advanced manufacturing facility for the manufacturing of flight and launch components for the aerospace, defense, and space industries. ACTION: (T-12:53 PM) Approved. (Refer to minutes for full discussion.) VOTE: 9-0. B. MOTION TO AUTHORIZE County Administrator, subject to the County obtaining any and all required Federal Aviation Administration approvals and releases, to approve and execute on behalf of the County a purchase and sale agreement and other applicable documents referenced in the Term Sheet (collectively, "Purchase and Sale Documents"), provided the Purchase and Sale D...
Attachments: 1. Exhibit 1 - Executed Term Sheet - Sintavia
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Broward County Commission Regular Meeting
Director's Name: Mark Gale
Department: Aviation Division: Business

Information
Requested Action
title
A. MOTION TO APPROVE Term Sheet ("Term Sheet") attached hereto as Exhibit 1 between Broward County ("County") and 2500 SW 39th Acquisition, LLC ("Buyer") related to, among other things, the sale of 3.1771 acres of Fort Lauderdale-Hollywood International Airport property ("Parcel") to Buyer pursuant to Section 125.045, Florida Statutes, and the design and construction of an approximately 90,000 square foot advanced manufacturing facility for the manufacturing of flight and launch components for the aerospace, defense, and space industries.

ACTION: (T-12:53 PM) Approved. (Refer to minutes for full discussion.)

VOTE: 9-0.

B. MOTION TO AUTHORIZE County Administrator, subject to the County obtaining any and all required Federal Aviation Administration approvals and releases, to approve and execute on behalf of the County a purchase and sale agreement and other applicable documents referenced in the Term Sheet (collectively, "Purchase and Sale Documents"), provided the Purchase and Sale Documents are in substantial conformance with the Term Sheet, do not increase the financial cost or decrease the financial benefit to the County, and are approved as to legal sufficiency by the Office of the County Attorney.

ACTION: (T-12:53 PM) Approved. (Refer to minutes for full discussion.)

VOTE: 9-0.


body
Why Action is Necessary
Motions A and B: Broward County Board of County Commissioners ("Board") approval is required to approve the Term Sheet and authorize the County Administrator to approve and execute the Purchase and Sale Documents.

What Action Accomplishes
Motions A and B: Approve the Term Sheet and authorize the County Administrator to approve and execute the Purchase and Sale Documents.

Is this Action Goal Related
No

Previous Action Taken
None.

Summary Explanation/Background
THE AVIATION DEPARTMENT ...

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