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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 PARKING LICENSE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND HANSA AND GIRISH PATEL ON VACANT LAND LOCATED AT SE 2ND STREET ON THE WEST SIDE OF BRINY AVENUE; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: 50/50 Revenue Split)
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(Staff Contact: Jeff Lantz)
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Summary Explanation/Background:
The City of Pompano Beach wishes to enter into a Parking License Agreement for the property located adjacent to Southeast 2nd Street on Briny Avenue in Pompano Beach, Broward County Appraiser Folio 4943 06 06 0380. The property is owned by Hansa and Girish Patel. The City intends to charge a parking fee to the public for the parking spaces contained within this lot.
The City will enforce parking within the lot consisting of approximately 43 parking spaces. City agrees to pay Hansa and Girish a 50/50 revenue split of all net revenues generated monthly. Estimated net gain to the City for this arrangement is approximately $15k for the year.
Origin of request for this action: Parking Operations
Fiscal impact and source of funding: 50/50 Revenue Split
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