The Port Everglades Department (otherwise known as the Port Everglades Authority) manages the Fort Lauderdale Port in Broward County, Florida.
Before a boat, ship, office, storage facility, or warehouse may reside at the port for an extended period of time, the owner may be required to file a Dock Fees Bond with the Department.
For those applying for a franchise agreement with the Department, a Franchise Agreement Bond is mandated.
You can apply for either bond below!
The Dock Fees Bond limit is determined by the Port Everglades Department. It’s likely that it is based on the estimated amount of fees to be owed for the year.
As for the Franchise Agreement Bond, the bond amount is up to the Department as well and will be no less than $20,000.
At Jet, the cost of a License/Permit Bond is a small percentage of the limit and is based on a soft credit check of the applicant. In addition, a review of business finances may be needed for bond limits over $15k. If this is the case, a Jet underwriter will give you a quick call.
One-year bond term rates start at $100 for bond limits up to $10,000. Additional bond amounts and Jet’s preferred tier prices can be found in the chart below.
Bond Limit | Cost |
---|---|
$10,000 | $100 |
$25,000 | $250 |
$50,000 | $500 |
$100,000 | $1,000 |
Once purchased, the original signed and sealed surety bond, along with any other required paperwork must be filed with the Port Everglades Department at the following mailing address:
Port Everglades Department
Administration Office
1850 Eller Drive
Fort Lauderdale, FL 33316
Various applications and other documents can be found on the Port Everglades Business Forms webpage.
The Dock Fees Bond financially guarantees that all invoices and bills that have accrued due to the property owner’s dockage, wharfage, linesman, storage, and any other tariff fees are paid in full to the Port Everglades Authority. If the bondholder fails to fulfill such payment obligations, the Department may file a claim on the bond for what is owed.
The Franchise Agreement Bond provides financial assurance to the Port Everglades Business Administration Division that the franchisee will comply with the obligations of their agreement and follow all regulations pursuant to Chapter 32, Broward County, FL Municode. If a violation of the agreement is committed such as negligence, misconduct, or failure to pay all fees due to the Department, a claim may be filed against the Franchise Agreement Bond.
According to the Port Everglades Franchise Application, the following businesses are required to obtain a Franchise Agreement Bond: