PADL, LLC. is a local company whose mission is to get more people out on the water by providing paddle sport rentals at self-serve stations (Exhibit B). PADL currently has a 4-board paddleboard station located in Key Biscayne, which has been very well received. The company is interested in installing several stations in the City of Miami Beach, as part of a pilot program, at locations such as Pine Tree Park and Parkview Island Park.
PADL possesses GPS, 3G and self-locking technology in its fleet so that kayaks and paddleboards may be locked and opened by users with an app and tracked to provide for operations and maintenance. As noted in Exhibit B:
· All rentals are done via a smartphone app
· Boards are equipped with GPS for constant tracking and communication
· Docking stations are solar powered
· Leashes and life jackets are provided with each rental
· Location – specific safety videos provided in app
· PADL would be responsible for all installations and operations
· PADL will cover all maintenance costs for the kayak and paddleboard fleet and docking stations
· PADL rentals are charged at $15.00 per hour, or $20.00 for a monthly membership
· As part of the pilot program agreement, a 20% share of revenues received by PADL would be paid to the City monthly