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P.H. 2025-37: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A FIRST AMENDMENT TO THE GROUND LEASE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND 20 NORTH OCEANSIDE OWNERS, LLC; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: 45% net revenue split to owners, 55% to the City)
FIRST READING: FEBRUARY 25, 2025
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(Staff Contact: Jeff Lantz)
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Summary Explanation/Background:
The City entered into a Land Lease Agreement with JJ Land Realty in February 2020 approved by City ordinance 2020-31. On June 1, 2023 JJ Land Realty entered into an assignment of the Agreement with CF Land Realty and RW Oceanside Land LLC and subsequently assigned to 20 North Oceanside Owner LLC approved by City Resolution 2023-169. On March 28th 2024 the City entered into a First Amendment with 20 North Oceanside LLC as Ordinance 2024-26.
The Primary use of this property is public parking. This property is used daily by residents, area employees, patrons of local business and beach goers. This property has approximately 180 paved parking spaces and 130 parking spaces on an adjoining grass lot for a total of approximately 310 parking spaces. This property generated $871,199 in Fiscal Year 2024 with 45% going to the owner. Staff wishes to continue this agreement with 20 North Oceanside Owner LLC, to maintain public parking capacity in support of residents, visitors and businesses in the Fishing Village.
20 North Oceanside has expressed to the City their intention to begin construction on this property in the fall of 2026. Within their project they will provide for 150 parking spaces for the general public, above and beyond what is required for their development. Leading up to this time and during the loss of this parking capacity during their construction, staff will continue to seek additional parking, as well as robustly promote and expand our micro-transit service, while expanding the number of cars as may be needed to reduce inconvenience for the public during the construction period. This will be inclusive of trying to work with area businesses to park employees further away.
The City Commission recently approved a license agreement to develop a property that was the former home of St. Martins Church where we will provide an additional 200 public parking spaces upon completion later this year. In addition, staff will be bringing forward another parking license agreement in March for consideration to provide for an additional 25 parking spaces on a privately owned parcel on Briny Avenue. Further there are approximately 300 public parking spaces operated by the private sector which came online last year, located west of the Bank of America on Hibiscus Avenue just south of Atlantic Boulevard along with the former Rayvan building site.
Finally, in the near future the staff intends to seek commission approval to construct another parking garage to support the parking capacity on the barrier island, which will serve as a permanent solution to meeting our parking needs. There is currently a solicitation out and bids are due on February 20th. Prior to bringing this item forward to the City Commission, staff will be seeking additional opportunities to maximize the use of micro-transit resources, seek additional partnerships with the private sector and maximize lots owned/leased by the City/CRA west of A1A to park employees of area businesses.
Origin of request for this action: Parking Operations
Fiscal impact and source of funding: $45% net revenue split to owners, 55% to City of Pompano Beach
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