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P.H. 2025-44: (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 LEASE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND PB KIOSK, LLC FOR THE CITY'S BEACH CONCESSION KIOSK LOCATED AT 20 N POMPANO BEACH BLVD.; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Annual Minimum Rent Revenue $60,000)
FIRST READING: APRIL 8, 2025
staffcontact
(Staff Contact: Mark Beaudreau/Cassandra LeMasurier)
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Summary Explanation/Background:
On February 9, 2023, the City issued a Request for Proposals (T-14-23) to select a qualified company to manage and operate the City's Beach Kiosk Concession due to the upcoming expiration of the lease, which ended on August 31, 2023. The Evaluation Committee met on March 28, 2023, and ranked PB Pier, LLC as the top-ranked proposer of the four (4) proposals received. The City Commission approved the ranking at the May 9, 2023, meeting and authorized staff to negotiate a lease agreement with PB Pier, LLC. On August 14, 2023, the sole managing member of PB Pier, LLC formed and registered PB Kiosk, LLC with the Florida Division of Corporations to enter into this Lease with the City. While negotiating lease terms, PB Kiosk, LLC obtained minor site plan approval for the new kiosk. The approved site plan is included in Exhibit C of the lease.
In accordance with Section 250 of the City Charter, the Lessee will invest $2,000,000 to demolish the existing kiosk and build a new 1,511 sq. ft. kiosk, with a larger kitchen area to offer an expanded menu, restrooms to serve kiosk patrons and the public, and a 2,010 sq. ft. outdoor seating area.
The rent will be a Minimum Rent of $60,000 per year for the first five (5) years of the lease, increasing to $66,000 for years (6) through ten (10). Beginning in year eleven (11) of the lease, the minimum rent will increase by 7.5% every five (5) years. In additio...
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