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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A PIER HOTEL PARKING SPACE LICENSE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH, POMPANO BEACH PIER HOTEL, LLC AND POMPANO PIER ASSOCIATES, LLC; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/ A)
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(Staff Contact: Suzette Sibble)
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Summary Explanation/Background:
In 2013, and amended in 2014, the City of Pompano Beach (“City”) entered into a Development Agreement (the “Agreement”) with a real estate developer (“Pompano Pier Associates”) for approximately 6.1 acres of City land known as the “Pier Development” and later known as “Pompano Beach Fishing Village.” The Agreement was the result of awarding the lease-rights to the developer for a total of 7 parcels owned by the City, after an issuance of a Request for Qualifications in 2011. The Agreement required Pompano Pier Associates to obtain City Commission approval of a Master Plan Amendment to develop a hotel in the Pier Development, more particularly situated on Parcel R-5, directly south of the Pier Parking Garage at the SE corner of SR A1A and Pier Street. The Master Plan Amendment for the hotel was approved by the City Commission on September 26, 2017; the site plan was approved by the Planning and Zoning Board on July 28, 2017; and the site plan, landscape plan and architecture were approved by the Architectural Appearance Committee on July 26, 2017. As a result of the small size of Parcel R5 (38,772 square feet) significant on-site parking is not feasible. Franchise approval by Hilton is subject to the execution of this Pier Hotel Parking Space License Agreement with the City that will provide hotel guests with the use of up to 150 spaces in the City’s Pier Parking Garage. Hilton requires one parking space for each guest room and will not permit branding of the hotel without a minimum of 150 spaces available to hotel guests. Please refer to the attached memorandums for additional information.
Origin of request for this action: City Manager’s Office
Fiscal impact and source of funding: Approximately $400,000 in annual parking revenues to the City
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