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POMPANOBEACH (BROWARD COUNTY) · LOCALlocal legislationPassed
Passed

Parking License Agreement for 140 SE 28th Avenue

Original title: P.H. 2024-47: (PUBLIC HEARING 2ND READING) AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A PARKING LICENSE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND AMKIN ATLANTIC SQUARE, LLC FOR THE PROPERTY LOCATED AT 140 SE 28TH AVENUE; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. (Fiscal Impact: 50/50 Revenue Split) FIRST READING: JUNE 11, 2024

June 25, 2024

parkingreal estatecity contractsrevenue sharing

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The Frame

What this does

This ordinance formalizes a revenue-sharing contract for parking operations at a specific private property, impacting city budget receipts and local parking management.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Amkin Atlantic Square, LLC

The company is a party to the contract and will receive 50% of the parking revenue generated at the site.

City of Pompano Beach

The city is a party to the contract and will receive 50% of the parking revenue generated at the site.

What changed

Last recorded activity June 25, 2024.

What's next

Next step not available in the current record.

Summary

The Pompano Beach City Commission has approved a parking with Amkin Atlantic Square, LLC for the property located at 140 SE 28th Avenue. The agreement establishes a 50/50 revenue split between the city and the property owner.

Key Facts

  • The City Commission approved a parking license agreement with Amkin Atlantic Square, LLC.
  • The agreement applies to the property located at 140 SE 28th Avenue.
  • The city and the property owner will split parking revenue on a 50/50 basis.
  • The ordinance includes a severability clause, ensuring the agreement remains valid if individual parts are found legally unenforceable.
  • The ordinance was introduced on June 3, 2024.
  • The first reading of the ordinance occurred on June 11, 2024.
  • The ordinance is filed under number 24-398.

Frequently Asked Questions

What is the financial arrangement for the parking at 140 SE 28th Avenue?
The city and Amkin Atlantic Square, LLC have agreed to a 50/50 revenue split.
What is the purpose of this ordinance?
It authorizes city officials to sign a formal parking with the property owner.

Why It Matters

This ordinance formalizes a revenue-sharing contract for parking operations at a specific private property, impacting city budget receipts and local parking management.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Revenue Sharing Model

The city is utilizing a 50/50 revenue split model for private property parking management.

City of Pompano BeachAmkin Atlantic Square, LLC

Connected Entities

organizationCity of Pompano Beach“Local government body approving the agreement.”Map →
location140 SE 28th Avenue“The specific property address subject to the parking license agreement.”Map →
organizationAmkin Atlantic Square, LLC“The private entity entering into the parking license agreement with the city.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance30
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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