Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute The Third Amendment To The Ground Lease Agreement Between Broward County And The City Of Hollywood, For The Construction And Maintenance Of The Second Floor Library Development Services Buildout Project.
Strategic Plan Focus
Infrastructure & Facilities
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
On March 6, 2002, the City Commission passed Resolution No. R-2002-058 authorizing the appropriate City officials to execute the Interlocal Agreement and Ground Lease with Broward County for the construction of a community library with the City of Hollywood funding the second floor at a cost of $442,000.00.
On May 7, 2003, the City Commission passed Resolution No. R-2003-141 authorizing the appropriate City officials to execute the First Amendment to the Interlocal Agreement (“ILA”) and Ground Lease between the City of Hollywood and Broward County for the construction of fifty-nine parking spaces in the northwest quadrant of the City Hall Circle and to accommodate the pad for three book drop locations on the Premises.
On June 18, 2003, the City Commission passed Resolution No. R-2003-188 authorizing the appropriate City officials to negotiate and execute a Second Amendment to the ILA for the construction of a shell space for the second floor, as well as an upgrade of the foundation system along with other structural elements to support a future third and fourth floors to the community library.
On February 2, 2005, the Commission passed Resolution No. R-2005-021 authorizing the execution of the Interlocal Agreement and the Second Amendment to the Ground Lease between Broward County and City of Hollywood for the construction and maintenance of a Veteran’s Memorial on the premises leased by Broward County.
The Tenant built the building, including the second story shell, but the landlord did not occupy the second floor of the building. The landlord now desires to build-out and occupy the second floor of the building. The parties negotiated, and desire to enter into the Third Amendment to account for landlord’s occupancy of the building.
Fiscal Impact:
Approval of this resolution will not fiscally impact the City as this is an amendment to the existing ground lease agreement to allow for the buildout of the second floor of the library.
Recommended for inclusion on the agenda by:
Steve Stewart, Director of Procurement Services
Shiv Newaldass, Director, Development Services
Jose Cortes, Director, Design and Construction Management
Gus Zambrano, Assistant City Manager/Sustainable Development