25-980
(This is the second of two required public hearings. The first public hearing was held on August 21, 2025.) MOTION TO APPROVE Second Amendment to the Marine Terminal Lease and Operating Agreement between Broward County and King Ocean Services Limited (Cayman Islands) Incorporated, retroactive to March 31, 2025, to acknowledge the exercise of both Option Terms; separate land rent from container shipmove rates; set rent, container shipmove rates, and the annual minimum guaranteed payment from the Final Premises Effective Date through the last day of the Option Terms; redefine eligible cargo for negotiated rates; revise the Final Premises leasehold boundaries and the Final Premises Effective Date; update berth/crane and maintenance terms; establish a transition period and a relocation deadline; provide additional payment credits; and update various other provisions; and authorize the Mayor and Clerk to execute same.
- Committee
- PUBLIC HEARING
- Introduced
- August 4, 2025
- On agenda
- September 4, 2025
- Passed
- September 4, 2025