Title
MOTION TO PASS PROPOSED ORDINANCE NO. 2025-03 ON SECOND AND FINAL READING.
PROPOSED ORDINANCE NO. 2025-03 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE THE FOURTH AMENDMENT TO THE AGREEMENT TO ENTER INTO SUB-SUBLEASE WITH HG PINES, LLC; PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. On June 11, 2024, the City and HG Pines, LLC entered into an Agreement to Enter into Sub-Sublease
2. On September 18, 2024, the City Commission of the City of Pembroke Pines approved the First Amendment to Agreement to Enter into Sub-Sublease in order to extend the Review Period under the Original Agreement.
3. On November 20, 2024, the City Commission of the City of Pembroke Pines approved the Second Amendment to Agreement to Enter into Sub-Sublease in order to further extend the Review Period under the Original Agreement, as amended.
4. On January 15, 2025, the City Commission of the City Pembroke Pines approved the Third Amendment to Agreement to Enter into Sub-Sublease in order to further extend the Review Period under the Original Agreement, as amended.
5. The City Commission of the City of Pembroke Pines, Florida, deems it to be in the best interests of the public to approve and authorize the execution of a Fourth Amendment to the Agreement to Enter into Sub-Sublease with HG Pines, LLC.
6. Request Commission to pass Proposed Ordinance No. 2025-03 on Second and Final Reading.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None.
b) Amount budgeted for this item in Account No: Not Applicable.
c) Source of funding for difference, if not fully budgeted: Not Applicable.
d) 5 year projection of the operational cost of the project Not Applicable.
e) Detail of additional staff requirements: Not Applicable.
FEASIBILITY R...
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