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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 LEASE EXTENSION AGREEMENT NO. 2 BETWEEN THE CITY OF POMPANO BEACH AND THE BOARD OF COMMISSIONERS OF THE FLORIDA INLAND NAVIGATION DISTRICT REGARDING HARBORS EDGE PARK; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Annual rental payment of $10 per agreement)
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(Staff Contact: Mark A. Beaudreau)
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Summary Explanation/Background:
The original lease agreement was approved by City Resolution 89-40, and the parties entered into a reinstatement and lease extension agreement #1 via resolution 2015-41, which is scheduled to expire on September 29, 2024. Both parties have mutually agreed to extend the reinstatement and lease extension agreement #2, which incorporates the terms and conditions of the original agreement for an additional ten-year period, ending September 29, 2034.
The Board of Commissioners of the Florida Inland Navigation District will execute the agreement at their September 2024 Board Meeting.
Origin of request for this action: Parks and Recreation Department Staff
Fiscal impact and source of funding: Annual rental payment of $10 per agreement. Athletics & Other Programs Account #001-3920-572-55-40.
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