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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 AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND DUC POMPANO, LLC FOR THE PROPERTY LOCATED AT 113 NE 1ST AVENUE; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
POSTPONED FROM SEPTEMBER 24, 2019
staffcontact
(Staff Contact: Cassandra LeMasurier)
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Summary Explanation/Background:
DUC Pompano, LLC who owns the "old bank" building located at 61 NE 1st Street has indicated their desire to enter into a lease with the City of Pompano Beach (City) for the City-owned property located at 113 NE 1st Avenue, Pompano Beach, FL 33060, further identified as Broward County Property Appraiser (BCPA) folio 4842 35 08 0130. The BCPA information and aerial of the property is included as Exhibit 1.
The Property is a 2,500 square foot area with landscaping and pavers directly north of the "old bank" building owned by DUC Pompano LLC and the Bailey Contemporary Arts (BaCA) building owned by the City ("Lessor') and directly south of Kelly's Chemical Supplies. The Lessee is completing renovations of the old bank building for use as a restaurant and would like to lease the City's property to use as outdoor seating for the restaurant. A street view picture of the property to be leased is included as Exhibit 2.
In accordance with Section 250 of the City Charter, the Lessee has agreed to spend $38,400.00 in capital improvements including replacing existing landscaping and pavers and installing benches, tables and/or chairs, lighting, pavers, irrigation, security cameras, a gazebo or other similar structure and fencing and electrical upgrades, as needed. The lease term would be for an initial term of ten (10) years with four (4) additional ten (10) year renewal options.
Staff is requesting City Commission approval to enter into a lease with DUC Pompano, LLC for the property located at 113 NE 1st Avenue.
Origin of request for...
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