Broward County Commission Regular Meeting

MOTION TO AUTHORIZE County Administrator to execute First Amendment to the Lease Agreement between Ivy Tower 101 Property, LLC (Landlord) and Broward County (Tenant) for approximately 12,920 square feet located at 101 NE 3rd Avenue in Fort Lauderdale extending the term for five years at a rental rate of $23.50 per square foot plus operating expenses for the first year for the Greater Fort Lauderdale Convention & Visitors Bureau subject to the review and approval of the Office of the County Attorney. (Commission District 7)

ACTION:  (T-10:51 AM)  Approved.

VOTE: 9-0.  Vice-Mayor Holness voted in the affirmative telephonically.

Board of County Commissioners' approval is required to delegate authority to the County Administrator.

Authorizes the County Administrator to execute the First Amendment to Lease Agreement to continue providing Broward County with a location for the Greater Fort Lauderdale Convention & Visitors Bureau office.

None.

THE PUBLIC WORKS DEPARTMENT/FACILITIES MANAGEMENT DIVISION/REAL PROPERTY SECTION AND THE GREATER FORT LAUDERDALE CONVENTION & VISITORS BUREAU RECOMMEND APPROVAL OF THE ABOVE MOTION.

On March 18, 2014 (Item No. 3), the Board of County Commissioners approved a Lease Agreement between Landlord and County for approximately 12,920 square feet of office space located at 101 NE 3rd Avenue in Fort Lauderdale for the Greater Fort Lauderdale Convention & Visitors Bureau. The Lease provides for an initial term of five years with one option to renew for an additional five years. The initial term will expire on November 24, 2019. The proposed First Amendment extends the lease for an additional five years at a rental rate of $23.50 per square foot, increasing three percent each subsequent year, plus operating expenses. In addition, the proposed First Amendment provides for additional tenant improvements to be provided by the Landlord and amends the force majeure provision. All other terms of the Lease Agreement remain the same.

Purvi A. Bhogaita, Director, Real Property Section, (954) 357-7333
Thomas J. Hutka, P.E., Director, Public Works Department, (954) 357-6410
Stacy Ritter, President/CEO, Greater Fort Lauderdale Convention & Visitors Bureau, (954) 765-8999