title
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A LICENSE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND POMPANO PIRANHAS, INC. TO UTILIZE THE CITY’S AQUATIC CENTER TO PROVIDE A YOUTH SWIMMING PROGRAM; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $9,500 - Estimated Revenue)
staffcontact
(Staff Contact: Mark A. Beaudreau)
summary
Summary Explanation/Background:
The License Agreement with the Pompano Piranhas, Inc. allows the Licensee to utilize the City’s Aquatic Center, and if needed the Houston/Sworn Aquatic Center, to provide a year-round competitive, developmental, and instructional youth swim program. On a quarterly basis, the Licensee will pay the City ten percent (10%) of the revenue from each non-resident participant as compensation for the use of the property. The term of the agreement is for three (3) years and shall commence upon execution by both parties. If the City determines the Licensee to be in full compliance, the City Commission shall have the option to renew the agreement for an additional two periods of one year based upon written consent of both parties.
Origin of request for this action: Parks and Recreation Department Staff
Fiscal impact and source of funding: $9,500 - Estimated Revenue - Licensee will pay the City 10% of revenue for each non-resident participant.
pagebreak1
strategicplan_emblem_field
pagebr
strategicplan_description_field