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Agenda 08-12-14 BOYNTON K!, CRA Board Meeting August 12, 2014 @ 6 :30 pm City Commission Chambers 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 AGENDA I. Call to Order II. Invocation and Pledge to the Flag III. Roll Call IV. Legal: V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda VI. Informational Items and Disclosures by Board Members and CRA Staff: A. Disclosure of Conflicts, Contacts and Relationships for Items Presented to the CRA Board on Agenda Items B. Informational Announcements VII. Announcements & Awards: None VIII. Consent Agenda: A. Approval of Minutes — CRA Board Meeting, July 8, 2014 B. Approval of Period Ended July 31, 2014 Financial Report C. Monthly Purchase Orders D. Approval of Interior Build -Out Grant to Oceano Realty, Inc. d/b /a Ocean East Properties E. Approval of Rent Reimbursement Grant to Oceano Realty, Inc. d/b/a Ocean East Properties IX. Pulled Consent Agenda Items: X. Information Only: A. Public Comment Log B. CRA Development Project Update: Boynton Harbor Marina Harbor Master Building Project C. CRA Development Project Update: Parking Lot Project on NE 1st Ave. & NE 1st Street and & Sidewalk Connector located at 208 NE 1 st Avenue X. Public Comments: (Note: comments are limited to 3 minutes in duration) XII. Public Hearing: XIII. Old Business: A. Report by Lyman Reynolds on the Status of the Lisa Bright vs. CRA Case B. Consideration of Action on the RFP /RFQ for Ocean Breeze East Site C. Presentation on Business Development Advertising Campaign XIV. New Business: A. Consideration of Safety Assessment Services Proposal and Contract for Ken Stapleton & Associates for Safety Assessment Services in the Amount of $19,000 — TABLED 718114 B. Consideration of Purchase Agreement between the CRA and Nathaniel Robinson for Property Located at 517 NE 1 St Street in the Amount of $74,000 (purchase price) & $15,000 (relocation assistance) XV.. Executive Director's Report: A. New Businesses in CRA District B. Property Acquisition Report C. Development Projects Update XVI. Future Agenda Items: None XVII. Adjournment NOTICE IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE CRA BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, HE/SHE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. (F. S. 286.0105) THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED BY THE CITY. PLEASE CONTACT THE CRA AT (561) 737 -3256 AT LEAST TWENTY -FOUR HOURS PRIOR TO THE MEETING PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. BOYNTO t B EAC ,CRA CRA. BOARD MEETING OF: August 12, 2u I4 Consent Agenda Old Business I I New Business I x I Legal Other LEGAL: THERE IS NO BACKUP MATERIAL FOR THIS ITEM. T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\FY 2013 - 2014 Board MeetingslAugust 201418.12.141Legal -No Backup.doc MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD IN COMMISSION CHAMBERS, CITY HALL, 100 E. BOYNTON BEACH BLvD. BOYNTON BEACH, FLORIDA ON JULY 8, 2014, AT 6:30 PX PRESENT: Jerry Taylor, it Vivian Brooks, Executive Director Joe Casello, Vice Chair Ken Spillias, Board Counsel Buck Buchanan Michael Fitzpatrick Woodrow Hay Mack McCray David Merker 1. Call to Order Chair Taylor called the meeting to order at 6:30 p.m. II. Invocation and Pledge to the Flag Mr. Hay gave the invocation followed by the Pledge of Allegiance to the Flag, led by Vice Chair Ilia® III. Roll Call Roll call established a quorum was present. IV. Legal: None V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda Vice Chair Casello pulled Consent Agenda It D. B. Adoption of Agenda Motion Mr. McCray moved to approve as amended. Mr. Mer seconded the motion that unanimously passed. Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 V1. Informational Its and Disclosures by Board Members and CRA Staff: A. Disclosure of Conflicts, Contacts and Relationships for Items Presented to the CRA Board on Agenda Items Mr. Buchanan had no disclosures to make and commented on a great 4 to O f J display. Mr. McCray disclosed he spoke with Ken Stapleton regarding New Business, Item B. He announced he was sorry he missed the 4 of July celebration. Mr. Merker disclosed he spoke with Ken Stapleton regarding Item B, New Business. is Chair Casello thought the 4 of July celebration was outstanding. He had no disclosures. Mr. Fitzpatrick advised last month he voted against the three CRA lot purchases primarily because he believed they were overpriced. After further review, he changed his mind regarding the Girtman property which was being purchased for over $BOOK per acre. The Family Dollar Store land was also purchased for over $800,000 per acre. He understood the lots were corner lots on a high visibility road and he expressed if a private for profit entity pays real money, his issues with the appraisal were settled. He noted there were two other properties he took issue with, but after discussion with Ms. Brooks, he understood her point of view. He expressed if the CRA did not overpay, nothing would happen and this would reward bad behavior. He felt there must be other tools to use. He believes the City should support the CRA's efforts through stronger Code Enforcement options. He understood there had never been a sustained effort to get bad owners to come into compliance, He spoke with Attorney Cherof and there are several legal avenues to pursue, but the question was whether the City Commission would use them. Another reason why he voted against the acquisition was contained in the meeting backup. All the information was there, but if not uniformly presented it appeared to hide something. He suggested a more basic and uniform presentation be made for these issues. Mr. Hay attended the 4�' of July and he agreed with Mr. Fitzpatrick's comments. Mike Simon, Assistant Director, attended a meeting with Kimley Horn on the Greenway/Blueway Plan update. City staff attended and input was received. It was a successful kickoff meeting. There would be meetings with the Agency and City Commissioners in the near future. 2 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 Chair Taylor agreed the 0'of July was fantastic. He recognized a Boy Scout present to observe the meeting to earn his citizenship badge. He welcomed him and thanked him for attending. B. Informational Announcements V11. Announcements & Awards. None VIIL Consent Agenda: A. Approval of Minutes — CRA Board Meeting, June 10, 2014 B. Approval of Period Ended June 30, 2014 Financial Report C. Monthly Purchase Orders D. Approval of Commercial Construction Project Incentive Program to White Elk Enterprises, LLC (Healing Heart, Inc.) E. Approval of Commercial Fagade Improvement Grant to it Elk Enterprises, LLC (Healing Heart, Inc.) IX. Pulled Consent Agenda Items: F. Approval of Commercial Construction Project Incentive Program to White Elk Enterprises, LLC (Healing Heart, Inc.) Vice Chair Casello asked if the owner was present. The applicant, Bridget Keller, presented herself, Vice Chair Casello inquired if approval of the grants would expedite construction. Ms. Keller responded it would. Motion Mr. McCray moved to approve. Mr. Casello seconded the motion that unanimously passed. X. Information Only. A. Public Comment Log - None B. Business Development Advertising Campaign C. CRA Development Project Update: Boynton Harbor Marina Harbor Master Building Project 3 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 - — — --------- - --------- ERRRO�— D. CRA Development Project Update: Parking Lot Project on NE list Ave. NE 1 st Street and & Sidewalk Connector located at 208 N E 1 st Avenue E. CRA Budget Meeting Information The meeting will take place on Thursday, August 7, at 6 p.m. at Intracoastal Park F. Movies in the Park: Update June 27 — The Lego Movie X1. Public Comments: (Note. comments are limited to 3 minutes in duration) Bernard Wright, 713 NW 2n Street, was concerned about the building plans for the Heart of Boynton. He commented he and business owners should have a voice. He lived on the MLK corridor for years and liked its heritage. He commented the Carolyn Sims Park is small. There was grassy land that was not being used and the baseball diamond had been removed. The diving boards were removed from the pool and there was a toddler pool. The cost to use the pool was $2 for adults and $1 for children. He believed the Heart of Boynton children could not enjoy the pool under the current economic circumstances. The Hester Center was not in the Heart of Boynton. He wants the heritage in the Heart of Boynton to remain and asked when they would install something the Heart of Boynton youth could enjoy. He wanted to attend the Sara Sims and Heart of Boynton discussions. Mr. Wright asserted no one from the Board had ever come to the corridor and associate with the residents and business owners there. His ancestors were slaves. They have a historic process in Boynton and he wanted to have those living in the HOB be part of the discussion. A native of Boynton knows what they need. The have to have a cultural center. He requested the Board consider his comments. Chair Taylor explained there is a baseball field at Hester Center and a Little League program that won the championship and had been ongoing for years. The City has spent a lot of money to it the pool and the Sims Center. They had not undertaken anything in the Heart of Boynton that was not discussed with the residents at meetings. He did not understand why Mr. Wright was unaware of the meetings and emphasized the City had not done anything the community did not want. Mr. Wright commented there are people that would like to see the HOB gone, and he did not know who represented the HOB. Chair Taylor has served with Mr. McCray and commented he has done an excellent job, as does Mr. Hay. He noted Mr. McCray represents the HOB area. Mr. Mc Cray explained the Heart of Boynton plan has been ongoing fry time, There were meetings at the Sara Sims and Carolyn Sims Centers, St. John Missionary Baptist Church and the community advised what they wanted. The CRA has records of 4 Meeting routes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 those meetings Mr. Wright could read. Things would not happen overnight. Mr. McCray fought for the name of the Denson pool. The Carolyn Sims Center would have been caCI ed the Wilson Complex had he not intervened. He suggested Mr. Wright read the records. As far as not visiting 1 O th Avenue, Mr. McCray advised he goes there. He represents District 11 and the HOB. When things go wrong they call him. His family was always involved in activism and he wants to be in HOB discussion because it is his heritage. Mr. McCray commented Mr. Wright would be invited. No one else coming forward, it Taylor closed public comments. X11. Public Hearing: None X111. Old Business: None XIV. New Business: A. Consideration of Short Sale Terms for HAP Recipients Stephen & Nyasha Wright Mr. Simon presented the it to accept the term of the short sale negotiations with HSBC Bank. The policies in the cover sheet were approved by the CRA Board on February 12 The list of documents needed were submitted and reviewed by legal counsel. They modeled the City's and County's policies. On March 11, 2008, the CRA approved a homebuyer assistance grant to the Wrights for $50,000 purchase a home at 1726 NE 6 Street in the Preserve. They applied and worked with the bank for a short saI e. On June 11, 2014, the Bank approved the short sale conditions. The original purchase price of the property was $239,990 and the short sale offer the bank approved was for $100,000. The first mortgage was $186,350 and the bank will accept a repayment of $85,063.50. The CRA second mortgage was $50K and was consistent with the CRA's policies. The repayment amount is $4,000. Vice Chair Casello inquired about the other $15,000. -Mr. Simon explained there was a settlement charge of $6,000. The commission was about $9,000 and the CRA was $4,000. The HAP program was discontinued. Vice Chair Casello commented about 19 HAP loans were given and the CRA was rubber stamping them. He read from the meeting materials, the requesters were not in a position financially to cover two homes. He asked why the CRA was losing out, when the requestor had two homes. He inquired why the requestor would not sell the other home and keep the one in the Preserve. Steven and Nyasha Wright, 235 Rosetta Way, West Palm Beach, explained they purchased the home in West Palm Beach after they purchased in the Preserve. Mr. Wright explained there was Chinese drywall and disease there and they could not live there any longer. The drywall was rectified and the home was habitable now. 5 Meeting minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 is Chair Casello questioned why the Wrights would not want to go back to their original home. Ms. Wright explained they did not want to return because they had already purchased a home that was a single-story home and Mr. Wright's health was not the best. Walking up and down a ti -level was difficult. Mr. McCray explained hardships affect all and he sympathized with the Wrights. He was sorry they left Boynton Beach. Motion Mr. Mc Cray moved to approve. Mr. Buchanan seconded the motion that passed 6-1 (Vice Chair Casello dissenting.) B. Consideration of Safety Assessment Services Proposal and Contract for Ken Stapleton & Associates for Safety Assessment Services in the Amount of $19,000 Ms. Brooks explained there was a missing component in their branding and marketing efforts, is was, what does the outside world think of Boynton Beach. The CRA has two major projects that are not using the name Boynton Beach in the downtown area. Developers may not be candid with the CRA about their impressions if asked, but may with a third-party consultant. The other component was people have perceptions the City that as unsafe. The reality is Boynton Beach was safe, but it may appear unsafe due to lighting or some other issues. If approved, the consultant will review those items, chart the paths people travel, document why the public feels safe or not, look at the crime statistics, and address them. He could speak with stakeholders and non-stakeholders to determine why they do or do not invest in Boynton Beach. Ms. Brooks explained the CRA needs answers to these types of questions. Chair Taylor did not understand why staff would pay $20,000 when they could talk to people themselves. Chair Taylor would be glad to meet with anyone and had not received this kind of feedback. is Chair Casello commented the Police Chief has all the crime statistics. It was up to the City to promote the City and there is a marketing budget. He agreed with Chair Taylor the CRA did not need to pay $20,000 for the study and commented the City has a closet full of surveys from consultants. Mr. Hay asked for case studies from the consultant, what they have done in the past, and how it helped those cities, He understood the prior comments and asked for further information. It was noted the consultant, Ken Stapleton was present and he had been conducting research for Riviera Beach. 6 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 Mr. Mc Cray inquired about marketing. Ms. Brooks explained the CRA was marketing heavily. Next year, the proposed marketing budget was $120,000. He commented the study was not marketing, but it was a component. Mr. Marker spoke about perception and agreed the information was important for the real estate market and developers when looking to develop. The perception of safety is important. If a City is not perceived to be safe, developers and business owners would be hesitant to locate to Boynton Beach. He thought it was an opportunity and an investment. He would like it in the papers that Boynton Beach was safe and secure. He thought this was a smart investment for the City which could provide a positive result. Mr. Buchanan thought the study could look at areas where there are deficiencies and the task goes beyond talking to one or two people, The information would be in a report and in the Sunshine. For the amount of work, the report was a good deal Mr. Fitzpatrick was not opposed to the consultants, but would like to table the it to review some past reports, like Cleveland, South Beach, Hollywood and others they had studied. He wanted to see what some of the past performance reviews were. Motion Mr. Fitzpatrick moved to table. Mr. Buchanan seconded the motion. Chair Taylor opened public comment. David Katz, 67 Midwood Lane, Boynton Beach, commented anything held downtown at night is well attended with little police presence. To his knowledge, there have been no incidents. He agreed with is Chair Casello, when residential projects come, it will be much safer. The Pirate Fest draws 5,000 to 6,000 people and not all of them from Boynton Beach. He thought comparing studies from other cities that were not similar to Boynton Beach was crazy. Basically, the downtown was safe. Boynton Beach does not have an area to walk like Lake Worth, Atlantic Avenue, Clematis, but what they do have is safe. Ms. Brooks clarified they will look at police statistics. It was about whether people perceive the City to be safe and if not, why, It may be just physical things, such as lighting. Other cities have the same problem. The economic study recently conducted showed the No I concern in the City was crime. Now they have to find out why and tailor their marketing and branding efforts to address it. The study was done by the Economic Development Department from a stakeholder meeting. The number one issue was crime and the lack of a vibrant downtown. Chair Taylor commented he speaks to a lot of people and he does not hear that perception. 7 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 Mr. Merker commented everyone has perceptions and he knew image was important. Part of image was safety. Everyone has different information and he thought it should be determined who was right. The report was not $50, 000 or $100,000 to prove to the people that this is a wonderful City in is to live and work. Since it is an issue and they want to invest in trying to build up the City, this was an asset. Mr. McCray spoke to crime and advised crime is perceived in every city, and very city is concerned about crime. Boynton Beach was not the lone ranger. Mr. Buchanan liked Mr. Fitzpatrick's idea to table the item and see the work product. Mr. Stapleton explained he was not here to judge if the City is safe. It is about the first step to manage the perception of safety that impacts buying, investing and use patterns. The in step is to determine whether there is even a problem. They take the pulse as an initial step. Part of the report would review surveys already conducted and talk face- to-face with the public because many people have difficulty admitting safety issues. Mr. Stapleton explained most purchases are made after 6 p.m. and 80% of them are made by women. Women, as a target market, have a very different perception of safety than men do, Boynton Beach is unique. Vice Chair Casello asked what groups of people he would talk to and questioned why staff would not be able to learn of these perceptions. It was Mr. Stapleton's experience most City and CRA staff are overwhelmed with the work they have and are not as versed how to weed out what the issues are. Most surveys about safety are done poorly and even the national surveys only ask about one's own neighborhood or evaluate decisions whether to go downtown for dinner. Usually, it is the female member of the household. Drilling down into the details, if one markets to a group, they have to understand that group. Many aspects come into play. If the question is not asked carefully, the correct information would be obtained. If a full survey is done, at least 2,000 people, not necessarily from Boynton Beach, wouI d need to be interviewed. Vice Chair Casello pointed out there was a charette held and the questions could have been asked there. Mr. Stapelton would review surveys done in the past and interview a group of key stakeholders identified in categories. These would be municipal and business leaders, residents, the Police Chief, the CRA and other city staff, and realtors would be the focus group. Vice Chair Casello inquired if the interview would be better directed to the general public as that would be a more accurate perception. Mr. Stapleton explained he asks insightful questions, but the survey done indicated there may be a problem. There is a series of is involved including it work. 8 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida July 8, 2014 Mr. McCray commented the City and CRA were working together for a downtown. He thought it was too soon to discuss and thought it should be tabled until more information was received. Motion Mr. McCray moved to table the item until more information was received, Mr. Marker seconded the motion. Mr. Hay inquired what cities other than West Palm Beach and Riviera Beach had been anaI yzed and how long the task would take. Mr. Stapleton explained they have studied 10 other cities, but each study was not the same and they customize every report. It wouI d be a different kind of assessment than was done in other places. The motion unanimously passed. Mr. Fitzpatrick inquired when Ms. Brooks would forward the report and if they could discuss the item at the next meeting. Attorney Spillias explained the motion did not include a specific date so there should be no discussion of it. Staff can put the item on the agenda, but it could not be discussed until a motion was made to remove it from the table. ® Executive Director's Report: A. New Businesses in CRA District There were no comments on this item. B. Property Acquisition Report Ms. Brooks commented staff sought to acquire six properties, but the price was too high. C. Development Projects Update Mr. Fitzpatrick commented there is a home being bulldozed at 918 0 Street to make room for the Women's Circle expansion. The home is from the 1920's and the owner indicated to him they could not find anyone to move it. He was aware the CRA moved a cottage in the past and he requested Ms. Brooks look at the property to see if it could be moved. I. Future Agenda Items None. 9 Meeting minutes Community Redevelopment Agency Board Boynton i ri , XVII. Adjournment There i r business to discuss, it Taylor adjourned the i at Catherine u Minutes iiit 072114 9 ]i � 1 '<j�7t11 {j i?.»t;tttgtQlrt,. BOYNTON"" ` C Wwom'"""BEACH 1 ', -,RA CRA BOARD MEETING OF'* Au 12, 2014 Consent Agenda Old Business New Business Public Hearing t)t er SUBJECT: Monthly Financial Report SUMMARY: Monthly budget report to the CRA Board representing the revenues and expenses for the month ending July 31, 2014. 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W E W W p o W v) r 1 2 a 5 H r N d W E O w 4 H Q 0 H z fur x p 1F r r� BOYNTO B E AG ii RA CRA BOARD MEETING OF: August 12 2014 Consent Agenda I I Old mess ( ( New Business Public Hearing Other SUBJECT: Purchase Orders SUMMARY: Attached is the purchase order report for July 2014. FISCAL IMPACT: See attached CRA PLAN, PROGRAM OR PROJECT: None RECOMMENDATIONS: Approve the purchase order report. Susan Harris Finance Director Boynton Beach CRA Purchase Order Report Month July 2014 Vendor Amount Funding Source escri i White Elk Enterprises (Healing Commercial str sti H eart) -5 Project Incentive Pr r White I k Enterprises ( eali 15,000 Commercial Fagade Grant e T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPO RTSICompleted Agenda Item Request Forms by Meeting\FY 2013 - 2014 Board Meetings\August 201418.12.141Monthly Purchase Order Report jt �sltY t �� 2 rri ���f �S4 BOYNTO 4 _. RA CRA BOARD MEETING OF: August 12, 2014 I Con-sent A I ld Business I I New Business I Legal Other Approval of Commercial Interior Build -Out Assistance Program Grant to Oceano Properties, Inc. d/b /a Ocean East Properties. SUMMARY: The Commercial Interior Build -Out Assistance Grant provides eligible (new or existing) businesses with assistance for the initial costs associated with the construction, repair, and/or rehabilitation of building interior improvements. The grant is in accordance with the CRA Community Redevelopment Plan. Improvements must be permanent and stay with the building. Applicant is applying for interior paint, new lighting fixtures, new flooring & countertops. The applicant meets the eligibility requirements under program guidelines and is considered a Tier 2 business (as outlined in the grant application). If approved, the applicant is entitled to a maximum of $7,500 in matching, reimbursable funds based on maintaining two (2) full time employees over a one year period. The Interior Build -Out Grant is reimbursable on a quarterly basis. If the applicant does not meet all of the requirements for reimbursement (during any given quarter) they do not receive reimbursement for that quarter. FISCAL IMPACT: Project Fund Line Item 02- 58400 - 440/444 CRA PLAN PROGRAM OR PROJECT: 2008 CRA Economic Development Plan RECOMMENDATIONS Approve the Commercial Interior Build -Out Assistance Program Grant to Oceano Properties, Inc. d/b /a Ocean East Properties not to exceed $7,500.00. - e-e_ Michael Simon Assistant Director July 30, 2014 Boynton each Community Redevelopment Agency 710 N Federal Highway Boynton Beach, FL 33435 Dear CRA Members, Enclosed please find my application for the Commercial Interior Build-Out Assistance Program for your review and approval. Thank you for the opportunity tot e a dated, ugly office and transform it into beautiful professional offices for which the city and I may be proud. The leased premises already were built-out to accommodate a real estate sales office, which is great news! The problem is the very shabby 1970's look complete with dark fake wood paneling, horrible carpet and a drop ceiling with broken and stained ceiling tiles. I believe that businesses in Boynton Beach should reflect the beauty and vibrancy of the city with a fresh upscale look. Your help with the "face lift" for this wonderful Boynton each location is greatly appreciated. I thank the CRA board members for this opportunity. Sincerely, Judy Zoll Barbara Heiss B T OYN ON4 -B E HT(C R A 8 0YJV October 1, 2013 — September 30,2014 "ON Boynton Beach Community Redevelopment Agency aleA CH CR Commercial t Assistance Program it SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It Is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Rules/Requirements I . exterior All proposed improvements The CRA Board may make recommendations fbr exterior Improvements based upon the CRA Design Guidelines, Commercial The Interior Build- si is I facilitate establishment of new businesses i in the io of ' ti bu sinesses 'thin the B o y nton c Community Redevelopment n ( ") district. The program designed to ovi financ a ssistance to new a e xisting businesses in the form of subsidy intended to reduce the initial ci repair and rehabilitation o build or other impr ovements in r the uni ty Redevelopmen Pla Improvements must be permanent and stay w ith building. The CRA reserves the right to approve or deny any Comme rcial Interior B Assis Program lic do discontinue is at a i, in its so le of discretion, i e ins that the business will not advance the o! and i established for the economic development of isri . I ® F r , The Commercial Int rior Build-Out Assi r financial assistance in the form of i u I in (50%) grant to the landlord or business owner for elig expens a sscit 'th the ion or renovation of h interior elements of the commercial operating space. Items eligible for funding r the r limited to: Interior walls ✓ Interior plumbing Interior electrical system including lighting HVAC system Flooring �— Hood & fire suppression system Page 1 of 1 71 H , FL 33435 Phone 561-737-3256 1-737 - Y�. The Commercial Interior Build i r am funding may be budgeted annuall the , first-serve bas first— All applica are subje to CRA Board approval. i ti ti is T a guarantee of fund Eligibility Applicants must meet all of the following requirements in r to r ed eligi receive i 1. Employ a m inimum full ti r _ of this grant, time iv I t I i fi working minimum f thirty-five r week t t 1 availing _ Federal i i — UM wage. 2. Must be I ocated %vithin the CRA - � District . provide 3. Must that is licensed by all necessary levels of government and professional ci i r agencies. ( licenses or rece ipts that the licenses i .) business Is in in r i less tha s ix months or,,/ re;oca to Boynton Bea ex i s ting is i ned as be ing in ope r a tion fbr a mi t hree the time li - ex isting i x to c y mo re than fifty percent %) of it current square size. Verification this threshold must be prov' in h application . 7. The Applicant's ri consumer report I level of financial stability, within the sole discretion an eligibility requirement for funding. A copy of the oonsumer report Will be provided the li request. 8. Applicant the uil i it l n to r within r it r exe cuted or I i- r f year minimum), . fnelicoible Busi nesses The following businesses are considered ineligible r assistance under t I Interior Build-Out Assistance Build- . • Firearm I • Convenience Stores • Religious Affiliated it Sto • Churches Profits • 7 attoo Shops/Body Piercin Fina Services (banking & check i ng s tor Take-Out Foods Adult Entertainment Liquor Stores Page t ' f 2 of 12 710 North Federal Highway, Boyftn Reach, FL 3U35 Phone 1 -737- 1 -737 IV. Grant lerms,,and Conditions This is i' into three tiers. Each tier consists of dfferent types of businesses that are I'i! e and the amount of funding available to i minimum full time employees is uir ed regardless of which it a business falls into. Tier One Businesses Tier One Businesses are i i l for the t of grant funding which is . The funding is based on job creation. Each II -ti ui t job created is . Three full time s are required in r r to rewive the tint of the grant; $22,500. Tier Businesses f the following businesses: Restaurant 0 Gourmet Food Market 0 Bakery Clothing o ti - clothing, s & accessories 0 Home rl - home furnishings, 1 ri , kitchen wares Specialty Businesses - stationery, i f care Pilates/yoga studios, fitness centers Tier Two Businesses Tier Two Businesses are liii for a maximum o of $7,500. The funding is n job creation. c full-time iv lent job t is 3, fit time employees required in order to receive u t of the grant; $7,500. Ti r Two Businesses must be one of the following types, of businesses: Medical Offices Law Real Estate Insurance Accounting i s Marketing i Tier Three Businesses Tier Three Businesses are liil for a maximum t of $5,000. The funding is on job creation. Each full-time iv created is full time employees are required in r r to i ve the maximum amount of the grant; $5,000. Tier Three u i may consist of any other eligible business not listed in Tier One or Tier Two listed above. I r " >I Page 3 of 1 710 North Fedeml FE y, SayntDn Owch, FL 3W5 Phone 561 -7$7- Fox 561-737-3258 Lease Te If the applicant ! it v or executed multi-year ! (two year 4 , minimum). The commercial lease must i iandiord-tenant relationship and at minimum r i the it information: description the i rented includ of the '' space. Description f utilities that are the tenant's responsibility. �. future rent Rental rate and i I with lease and methodo r, increases. Respons r interior and exte repa l imp rovements . Insurance i . Ability to terminate. — a Consequences of default can the lease.,. f! rocaduMs for Applicaflon r Application A ll appUcants are strongly r to t with CRA staff in r r to determine !` i ili before submitting an appli ti i requests will not be considered until all required documentation is the s ce. Application packets must include it i do vt . A nonrefundable f ee of $100.00 is required to i r report on the business ini l! n ers of the business. Make check I t: Boynton Beach CRA t, °" 2- Completed and signed application. „., , 3. Completed and i r' i Credit Check for the business and each principaVowner of the business c i ti — multiple forms r principal/owners of the business). 4. Spe lit breaking down the use of the funds and providing total cost of the act. 5. Copy of build r i receipt. (attached W9 Form r t app lication). ""T Resume fo r each principal/owne of the bus iness. , of the corporate documents for the applying u i s entity, of executed multi-year commercial l r t. 1 Two ( of corporate tax r eturns (for existing i onl ) ,111, l tax returns for the principal/owners of a new business. 1. If an exis bus iness, located within District, is i ng withi CRA i', it to r i its current squa i this r ! vi Floor plans outlining u t of each location are accepa I Page 4of12 710 North Federal Highmy. Boynion Ekiach, FL 33435 Phone 1 -737 Fox 561-737- t 13. Copy of design t i n plans associated with the r improvements. 14. List jobs to be created and filled including job desc r ipti ons, range an weekly schedule. For existing businesses, provide list of all current positions including job descriptions, pay range and weekly schedule. it ( 4) co d igital " f the project. Approval t Once elig is ve rified n all required n ti will present the i request to r approval. The CRA Board meets on the second Tuesday of each month. Applicant will be notified of the t time it application 'l presented . It is i t attend the i in r to answe any quest ions regarding the appl ica tion. CRA staff will notify the app licant [ or denial in i i . Site Visits CRA staff will conduct a site visit prior t o the i t of the grant application Board and once the `n is ready to open for operation. unannounced site visits ri ll in r r to r compliance it the terms of the grant V1. Procedures r Reimbursement Init This is i ma tc h ing (50%) grant which is reimbursed basis. That i, all work must be completed i t by the applicant, prior t the CRA being funds released. The CRA will provide quarterly reimbursements to i submittal f a complete reimbursement request package. Gr i will be divided into payments four equal released i following the it'I Reimbursement Request. appl icable l l :0 �11V a cart t _ t ton ch and s for i r i itl ... r r tena I sioDl icable. Ir I adm iniltrative I Initial Once the work is I it l Re imbursemen t t summarized i r t I . Page 5 of 12 710 Noith Federal H y, Boynton Beach, PL 33435 Phone 561 - 737 Fax 561 737 - 3258 t Project accounfing: Invoices, receipts or other acceptable evidence of payment from suppliers and licensed contractor(s) that have been marked "paid in fulln. Proposals for UWork to be completed" or "bids" are not considered proper documentation. Each Rem Mill be suippoggrtcl by a cancelled check gho%ving the face of the check. as well as the back of the cancelled check. 2. A "release of lien" signed by each f icensed contractor(s). 3. Copy of City and County business licenses. 4. Applicant shall provide color digital "during" and "after" photos of the project. Photos should be from approximately the same position as the "before" photos submitted in the application 5. For W-2 eligible employees, Florida Department of Revenue Employers Quarterly Report for each consecutive quarter must be submitted. For sole proprietorships, partnerships, S-=porations and 1099-MISC eligible employees, copies of all cancelled salary checks or proof of direct deposits for each full time/full time equivalent employee for each month within that specific quarter. By submitting for reimbursement, the applicant warrants that all bills related tot project are paid in full including, but not limfted to, all contractors, subcontracts, labor, materials, related fees and permits. Quarterly Reimbursement Requests By accepting the grant, the applicant agrees to comply with the quarterly reporting requirement of providing the CRA with proof of employee wage reporting for three (3) consecutive quarters. Each report shall be made within ten (10) days of the start of the next applicable quarter beginning on January 1, April 1, July 1, and October I following the Initial Reimbursement Request. If guarterly RT-6 fdrm wf&1qALft_L3PJ_dn_y_z h1jowIM Lhg end gLft guarter In which relimbUrl2ment agglLqgnt guartees MMMMIZIMIL This is to verify that the required job positions are properly fulfilled and maintained. In order to receive quarterly funding after the Initial Reimbursement Request grant applicant must submit a wdften request for that quarter's r mbursernent payment along with: gals Pap 6 of 12 710 North Federal Highway, Boynton Beach, FL 33435 Phone 561-737-3256 Fax 561-737-3258 MM.—Ce- to - � For W-2 eligible employees, Florida Department of Revenue Quarterly Report r each consecutive r must be submitted. Or For sole r t a i, - or i s and 1099-MISC li i employees; r` II cancelled salary checks or proof of direct its for each II timeflull firne equivalent l r each month ` i c` c r, Grant funds will be reimbursed exclusively ► approved approved orders only for work that has been performed and for after the r antee has received notification that the grant application has been approved by the CRA. Any completed receiving r t approval is ineligible for reimbursement. Grantees r improvements for reimbursement is as reimbursement requests in any other grant program offered by the , City Palm Beach or the t of Ira . The Commercial Interior Build-Out Assistance program ill only honor now expenditures that v not been submitted under other grant programs. The rci Interior Build-Out Assistance Build- r y only be used one time in any five year period for one specific erci nit or business entity. Grantees s Il allow the CRA the rights and use of photos and j application materials. 01scontinuation of Payment The receipt f past payments is no guarantee of future payments. The CRA retains right to is tin interior it -out reimbursement is at any time r i its sole and I t e discretion. SUBMISSION OF AN APPUCATION IS NOT A GUARANTEE OF FUNDING It Is the i ` all aspects of the Grant Program's Application. PRO 7 of 1 710 North Federal Highway. Boynton Beach, FL 3M35 Phon 1 -737- Fax 1- 737 -3 t ton. BOYNTON = C BEA Ht RA October 1, 2013 — September 30, 2014 Boynton Beach Community Redevelopment Agency Commercial Interior Build-Out Asshance Program Application (Please Type or Print Only — Use Additional Sheets If Necessary) BUSINESS IMMOBIVAD N: Business Name (0/13/A d applicable): &'Lf"""d1ej Current Business Address: Fed ID# Phone - ter° Fax:--�iio( 4o* - 455i ® Website. i6r oD iru ctio a c eS g jA aj �0� Existing Business: Yes No Number of years in existence: New Business to Boynton Beach. Yes No_ Time at Current Location: Do you have an executed lease agreement: Yes No If so, month ly rent: 1,q Sh New Business Addre Square footage of eAsting location tMt� Square footage of new location Type of Business: N4ril-j- -4 Number of Employees:_ Hours of Operation: ---r— j Page 8 of 12 710 Nor% Federal Mghway. Boynton Beach, FL 33435 Phone 561-737-3256 Fox 561-7373258 PR INCIPALJOWNER I NFORMATI ON: If r rt ° Is�o rs ition I s is v us f. inci n r m 1 , I C iq Da of Birth: Curren r _ J Emi Ctj k h n l - P rincipaVOwner Name. AAr6a'S t o i I C urr e nt Addr : I c r " ' 3. rin if n r ®.._.a_ _ .__ Da te f Birth: C urrent Addr Ema Pho 4. Principal/Owner Name: Da te f Birth: Curre s: - Email: n LANULORD INFORMATION; Landlord's aili sa � Land . hors $ i - app l y ing for grant assistance under any other program offered the CRA (Tier On Bu sinesses only): Yes No If yes, what additional programs are you appl for: A re you recei r nt assistance from any other governmental agencies: o If yes, list any additional grant sou amounts: CER TIFICATION AN� I„ PR IVACY: I, the undersigned applicant(s) certify that all informatio presented In this application, a a ll of the information fumished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach C v to en nc Commercial Interior Build-Out Assistance Build— Program, and it is true and I o the best of the applicant(s) k ) knowledge and bell !0a Pap 12 710 North Federal Highwa Boyn ton Beach, FL 33435 Phone 1 -737 Fax www.o.1Gh-boA The applicant(s) further certities that he/She is aware of the tact that h"he can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Commercial Interior Build-Out Assistance Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance. Should my application be approved, I understand that the CRA may at its sole discretion discontinue subsidy payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer benefiting the furtherance of the CRA mission. I hereby waive my rights under the privacy and confidentiality provision act, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential Information given herein. I further grant permission, and authorize any bank, employer or other public or private agency to disclose information deemed necessary to complete this application. I give permission to the CRA or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will not be processed. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the appHeant to READ AND UNDERSTAND all aspects of the Grant Program's RulesiRequirements and Application. Pri pal ee Signature D t ' "71) CV to 6 o17 Printed Name Tifle P r 1 n'c I wn re" s S' ure Date Printed Name Title Princlipal/Owner's Signature Date i Name Title Pdncipal/Owner's Signature Date Printed Name Title Page 10 of 12 710 North Federal H"y, Boyntw BeacK FL 33436 Phone 661-737,VSS Fax 561-737-3258 wwwmatcht��. � Notary as to Principal/Owners Signatures. Multiple notary pages may be used if signing individually. ; STATE OF I COUNTY 6F ,47 BEFORE ME, an officer duly authorized by law to administer oaths and take acknow4edgements, personally appeared A who is/are personally known to me or produced.,_ as identification, and acknowtedged he/she executed the fbr ng Agreement for the use and purposes mentioned in it and that the instrument is his/her act and dead. IN WITNESS OF THE FOREGOING, have set my hand and official seal in the State and County aforesaid on this day of 1 20 NOTARY PUBLIC My Commission Expires: 4 y- P -Nb CARL A. CASCIO My COMMISSION I EE 17M4 EXPIRES: February 26, 2016 Page 11 of 12 710 North Federal Highway. Boyakon Beach, FL 33435 Phone 561-737-3256 Fax 561-737-3258 www.ojq��n. Mrh SUBMISSION OF AN APPUCATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. 7 AA 1 Land s Signature Date Printed Name Title Landlord's Signature Date Printed Name T!W STATE OF COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknovAedgements, personally who istare personally known to me or produced L D as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposes mentioned in it and that t is his/her act and deed. IN WITNESS OF THE FOREGOING. I have set7m=yh nd and o"friciall seal in the State and County aforesaid on this day 20 14-- JACQUEUNE X LACKEY State gj Florida N et I)OC 16. 2015 MyCommission Expires: id - 1 6-1(- 1 m No "U" atafy Pub - State 0 Florida NOTARY BLIC E 50615 M ,nm, Expiret oec m 2ci5 g Cornwftsiori 0 EE 050.615 Pop 12 of 12 710 Nardi FedoW Hkghvmy, Boynim Beach, FL 3M36 Pharm 661-737-3256 Fax 501-M-3258 rNW-Mkh§9W1Q0MM - l IMP"a L'I -, A�' iF. Eas' i „...h I f ! m ; ”. a �s X319 iia ?' i f7 E i 4 ,u .. r."�avYa;+ m s mo s `� Iqa — �, L pfwm 1gv�EY`Y�d �`�� r ����: \ ,�. tr y, ,r '♦ 4� � cit. 5 •�vv tR S 1 WI it A, 311 ;�Yl� t va i ME ` '�Y�s}+kttFis'�fi}��F�'+t ?�+it '�E'x„'hY� `11��`�1� Ei�tlur�rsv"}} ll} pt ?ts�?�isA��11�i��u?�..e�Ei��+4 " t�vti &t7s,�hES�,, +rr✓,�Wtiti$�� E�' f tt�. F�14` �` � $v�i� r. Iii I f you would like to be apart o f the Ocean P laza a nd th n ew redevelopment of dow rq . 7 ., .e_. Boynton Beach, now is the time! Boynton Beach CRA grant incentives may be available ��f�fs%v;S`"'vny.sAp4 �u,�vt r, a, < <�: ,�. a�cr , vv <ssv.v, ENE R, �\ , rM1i�sr ��;,,,�, ' F W e have a few spaces remaining at 700 s f sf p erfec t for t s studio I T, », sf Upsca c spa ev E6t1} imt14 t ais(f ik 3Nl`� �N�� �u +V+E4hltlu2 }�mb�l iC 1 1� P Q JFe E ric. omie.- 56t-75 64 0 1 m ° uorvonl 'Boynton Beach, P.'j",j 1334.35) ffgb .P 7F eL Yk Z9 L Rr cr) co ca 04 es cr cr rr fel 0 - to cc :L (a in 0 V o o tp cq a 0 N 'E CD r- D Covered Walk Way Lu N 0 z q, "J D C� cq ur tr, �6 co kr, h cr rr re e—I Cr EA cr CD cl) cr 0 co co 04 OCEAN PLAZA LEASE INDEX ARTICLE PAGE I Basic Lease Provisions 2 11 Rent 3 III Construction of Leased Premises 7 IV Conduct of Business by Tenant 7 V Security Deposit 8 VI Signs, Merchandise Display, Alterations and Liens 9 VII Repairs, Maintenance and Access by Landlord 10 Vill Indemnity and Exculpation: Insurance 12 Ix Quiet enjoyment 13 X Assignment and Subletting 13 XI Utilities 14 X11 Default 15 X11 Waiver and Estoppel 17 XIV Attornment and Subrogation 17 Xv Condemnation 18 XVI Miscellaneous 18 xvil. Environmental 20 OCEAN PLAZA LEASE AGREEMENT THIS LEASE, dated this 16 day of July 2014 by and between High Ridge Properties, LC (the "Landlord"), whose address is 640 East Ocean Avenue, Suite 1 Beach, FIL 33435, and Judy Mollica, individually, whose address is 4400 N. Ocean Blvd. #4, Gulfstream, FIL 33463 and Barbara Heiss, individually, whose address is 455 NE 5 1h Avenue "D" 176, Delray Beach, FL 33483 and Oceano Realty Inc. (the "Tenants). ARTICLE I- BASIC LEASE PROVISIONS WITNESSETH: Section 1.01 Leased Premises (A) in consideration of the rents, covenants, conaitions an agreements hereafter reserved and contained on the part of the Tenant to be observed and performed, the Landlord demises and lets to the tenant, and Tenant rents from the Landlord, those certain premises now existing or hereafter to be erected in Ocean Plaza, 640 at Ocean Avenue, Boynton Beach, FL 33435 and more specifically described as Unit 10. (B) The premises extend to the exterior faces of all exterior walls and to the center line (CIL) of wells separating the premises in the same building (complex) not demised under this lease. (C) Together with the appurtenances specifically granted in this lease, including the non- exclusive use in common with others of the Common Areas as herein more fully provided, but reserving and excepting to the Landlord (i) the use of (a) the exterior faces of the exterior walls, (b) the roof, (c) the lower surface of the floor slab of any higher floor, and (ii) the right to install, maintain, use, repair and replace pipes, ducts, conduits and wires leading through the premises in locations which will not materially interfere with Tenant's use thereof, and serving other parts of the building (complex) containing the demised premises. Section 1.02 Length of Term The to of this lease shall be for 2 (two) years and zero months- Tenant shall have the option to renew for an additional 2 (two) year term at a monthly rental amount described in Article 11, Section 2.01 below, with the same terms and conditions of this lease. In order to exercise the option to renew, tenant must give the landlord written notice of its intent to exercise the option no later than 60 days prior to the expiration of the initial lease term to Landlord via Certified Mail, Return Receipt Requested. Landlord may refuse to renew if any rent or other expenses payable by the Tenant is in arrears, or if Tenant is in violation of any covenant contained in this iease. Section 1.03 Commence of Term The term of this lease shall commence on August 1, 2014 and end on July 31, 2016. Uniess sooner terminated. ARTICLE _ RENT Section 2A1 -Fixed Minimum Annual Rent Tenant agrees to pay to Landlord throughout the full term of this lease, without demand, set -off or deduction, as hereinafter set forth, an annual guaranteed minimum (base rent) of $11,199.96 payable in equal monthly installments (the "Basic Monthly Rent") of $933.33 plus sales taxes payable in advance on the first (1 day of each calendar month of the first year, beginning August 1, 2014 and ending July 31, 2015 the annual (base rent) amount shall increase to $11,535.96 papble in equal monthly installments of $961.33, plus sales tax payable in advance on the first (1 day of each calendar month of the term, beginning August 1, 2015 and ending July 31, 2016. Rent shall be increased annually by 3 (three) %. Said increases shall apply to each year and of each year of the renewal term. All rent payments shall be paid to the Landlord at 640 East Ocean Avenue, Suite 18, Boynton Beach, FI_ 33435 (payable to High Ridge Properties, LLC), or at such other place Landlord may from time to time designate in writing_ Tenant agrees to pay to Landlord each installment of base rental in advance on the first day of each month of the term with the rent for the first month last month and the security de osit to be paid upon the execution of this lease. Any change in the amount of the Monthly Rent shall carry with it a corresponding recomputation of sales tax. In the event Tenant fails to pay when due the Monthly Rent or any other amount payable by Tenant hereunder, within 7 days of its due date, Landlord shall be entitled to receive and Tenant shall pay a 10.0% penalty plus interest on such unpaid amount, from the date such payment was due, at the rate of 18.0% per annum. In the event tenant is late more than three times in any calendar year, landlord shall have the right to terminate this lease. Section 2.02 Cease Year The term "lease year" as used herein shall mean consecutive twelve -month periods. Section 2.03 Taxes (A) Tenant agrees to pay to Landlord any sales or use tax or excise tax imposed or levied against rent or any other charge or payment required hereunder to be made by Tenant which has been imposed or may be levied by any governmental agency having jurisdiction there over. (B) Tenant shall pay as additional rent hereunder, during the original term hereof and any extension thereof, a pro rata share of all ad valorem and real estate taxes levied or assessed against, and of all assessments for public improvements benefiting the site containing the demised premises. Upon receipt of each tax bill (disregarding any discounts or penalties) for any tax or assessment against the property, Landlord shall advise Tenant in writing of the amount of such tax or assessment, and Tenant's pro rata portion there of payable by Tenant to Landlord, and Tenant shall pay such portion to Landlord together with and as a part of the monthly installment of BMR next becoming due. If the term of this lease does not commence on the first day of the calendar year and end on the last day of a calendar year, Tenant's share of any such tax or assessment for the year in which the lease term commences shall be prorated from the Commencement Date, and the Tenant's share of any such tax or assessment for the year in which the lease term ends shall be prorated to the date upon which the lease term ends. Reasonable expenses incurred by Landlord in obtaining or attempting to obtain a reduction of any 3 real estate taxes shall be added to and included in the amount of such real estate taxes. Such taxes as are being contested by Landlord shall nevertheless be included for purposes of the computation of the liability of the Tenant, provided however that in the event that Tenant shall have paid any amount of additional rent pursuant to this section and the Landlord shall thereafter receive a refund of any portion of any real estate taxes on is such payment shall have been based, Landlord shall pay to Tenant, Tenant's proportionate share of such refund within 30 days of Landlord receiving a refund and Landlord shall have no obligation to contest, object or litigate the levying or imposition of any real estate taxes and may settle, compromise, consent to waive or otherwise determine in its sole discretion any real estate taxes without consent or approval of Tenant. Section 2.04 Insurance Premiums During the original term and any extensions or renewals thereof. Tenant shall pay to Landlord, as additional rent hereunder, Tenant's proportionate share of all reasonable costs and expenses of Landlord, in maintaining insurance on the buildings and the land (including all improvements thereto) such as, but not limited to, fire and extended coverage, rent interruptions and such other insurance covering all hazards and perils 'included within customary "all risks" coverage, said insurance to be on a full value repair or replacement basis, as determined by Landlor ood insurance, rent insurance and such other insurance as may be required by Landlord's mortgagee comprehensive general liability in an amount to be determined by Landlord but not to less than $1,000,000.00 per occurrence. Tenant shall also pay to Landlord, in addition to and together with TenanVs pro rata share of normal insurance costs and expenses, the entire amount of any extraordinary or additional premium for insurance occasioned by or resulting from Tenant's use of the premises. Section 2.05 Shopping Center Operating Costs During the original term and any extensions or renewals thereof, Tenant snail pay to Landlord, as additional rent, Ten s pro to share of all reasonable costs paid or incurred by Landlord in managing, operating, maintaining and repairing the buildings, and any addition thereto, and in managing, operating and maintaining the land, including without limitation, water, sewer, dumpster1refuse removal, parking areas, driveways, walkways, lighting, landscaping, irrigation, drainage, and security in the Ocean Plaza Shopping Center Complex- The Tenant's pro rata share of all costs and expenses plus sales tax referred to in this Article shall be as indicated in Section 2.06 below- Tenant shalt pay to Landlord with each installment of Basic Monthly Rent, additional rent equal to 1112 of Tenant's annual pro rata share of the estimated costs and expenses. Landlord may modify costs and expenses at its sole discretion quarterly during each calendar year on January V t , April 1 July 1 and October I s ', to reflect Landlord's experience and reasonably anticipated costs and the actual costs of such items in past quarters and, provided Landlord has given Tenant written notice at least five (6) days prior to the effective date, which shall be the first day of the quarter. Tenant shall pay its pro rata share monthly, beginning on the first day of such quarter, together with Basic Monthly Rent and sales tax. Section 2.06 Tenant's Pro rata or Proportionate Share Tenant and Landlord hereby agree that the gross leasable square footage of the premises is approximately 700 square feet and the gross leasable area of the building is 16,880 square feet. As used in this lease the term "Tenant's Pro Rata or Proportionate Share" shall mean current additional rent of J!j.95 per square foot. Tenant shall initially pay to the landlord, together with the monthly rent installments, the sum estimated to be Tenant's pro rata share of the direct expenses and direct tax expenses, as 4 additional rent hereunder. Within sixty (60) days after the end of the lease term, Landlord shall furnish Tenant with a statement covering the term just expired, certified as correct by an authorized representative of the Landlord, showing the actual direct expenses and direct tax expenses and the amount of Tenant's pro rata share of such expenses for such term and the payments made by Tenant with respect to such term- Such statement shall include true and correct copies of all bills evidencing such costs. If tenant's additional rental payable under this lease is greater or less than the total amounts actually billed to and paid by Tenant pursuant to the estimate during the year, a payment shall be made by Landlord or Tenant, whichever the case may be, within 20 days, Even though the to has expired or terminated and Tenant has vacated the premises when the final determination is made of Tenant's pro rata share of direct expenses and direct tax expenses for the year in which this lease expires or terminates, Tenant shall immediately pay any increase due over the estimate, and, conversely, any overpayment made in the event such expenses decrease shall be immediately refunded by Landlord to Tenant. Section 2.07 Parking and Common Areas In addition to the demised premises, Tenant shall have the right to non-exclusive use of all facilities furnished by Landlord in Ocean Plaza and designated for the general use, in common, with Landlord, other tenants, and the guests, employees and invitees of same, subject to the terms and conditions of this lease and to reasonable rules and regulations for the use thereof as prescribed from time to time by Landlord. The parking area shall be provided with adequate lightingand shall be maintained in good condition by Landlord, and Landlord shall have the right at any time to change or mod4 the design and layout of the parking are (s). The common areas shall be subject to the exclusive control and management of Landlord, who shall have the right to establish, modify, change and enforce from time to time rules and regulations with respect to the common areas so long as such rules are not discriminatory against Tenant; and Tenant agrees to abide and conform with such rules and regulations, Tenant further agrees that it and officers and employees will park their vehicles only in such areas as Landlord may from time to time designate f o r e mployee parking, which areas may be within or without the area adjacent to the demised premises. Tenant agrees that it will, within five (5) days after written request by Landlord, furnish to Landlord the state automobile license numbers assigned to its vehicles and those of its employees. Vehicles belonging to Tenant or Tenant's employees who violate a restriction to park in designated areas may be towed away by Landlord at the cost of Tenant or Landlord may charge Tenant a daily rate of $10.00 per day for any such vehicle parked in the common areas other than the designated employee parking area. In the event that Landlord deems it necessary to prevent the acquisition of public rights in and to the site, Landlord may from time to time temporarily close portions of the common areas, and may erect private boundary markers to take such stems as deemed appropriate for that purpose. Such action shall not constitute or be considered an eviction or disturbance of Tenant's quiet possession of the premises. Neither the parking area nor any other part of the common areas shall be used by Tenant, or any agent or employee of Tenant, for any advertising, political campaigning or other similar use, including, without limitation, the dissemination of advertising or campaign leafl ets for flyers. Section 2.08 License All common areas and facilities not within the leased premises, which Tenant may be permitted to use and occupy, are to be used and occupied under a revocable license, and if such license were revoked, or if the amounts of such areas are diminished, Landlord shall not be subject to any liability nor shall Tenant be entitled to any compensation of diminution or abatement of rent, nor shall such revocation or diminution of such areas be deemed constructive or actual eviction, 5 Section 2.09Additional Rent In order to give Landlord a lien of equal priority with Landlord's lien for rent, and for no other purpose, any and all sums of money or charges required to be paid by tenant under this lease, whether or not the same be so designated, shall be considered "Additional Renr- If such amounts or charges are not paid at the time provided in this lease, they shall nevertheless, if not paid when due, be collectible as additional rent with the next installment of rent thereafter failing due hereunder, but nothing herein contained shall be deemed to suspend or delay the payment of any amount of money or charges as the same become due and payable hereunder, or limit any other remedy of the Landlord. ARTICLE III ® CONSTRUCTION OF LEASED PREMISES Section 3.01 Landlord's Work and Tenant's Work Landlord agrees that it will supply, units 10 in "as is" condition. Landlord will deliver this space to Tenant with air conditioning unit in good working order. Thereafter, Tenant ill maintain and service air conditioning unit at its expense- Tenant agrees, at its own cost and expense, to perform all other work. Section 3.02 Changes and Additions to Buildings Landlord hereby reserves the right at any time to build additional stores onto an for perform alterations tote building and/or site property in is the premises are contained, and to build adjoining the same. Landlord also reserves the right to construct other buildings of improvements, including, but not limited to, structures for motor vehicle parking, and Tenant agrees to cooperate with Landlord in permitting Landlord to accomplish such construction, if any. ARTICLE IV — CONDUCT OF BUSINESS BY TENANT Section 4.01 Use of Premises Tenant, its successors and assigns, shall use the premises exclusively for the purpose of operating a real estate office , and for no other uses or purpose whatsoever, and further agrees to conduct its business in the premises under the name of or trade name of QgLe�anoR ItY, Inc. and no other name except as may be first approved by Landlord in writing, which approval cannot be unreasonably withheld. Tenant will operate the leased premises and have them fully open and available for business during the usual business hours, a minimum of 40 hours weekly. During the time that Tenant is open for business, Tenant will provide adequate personnel and sales force to service the customers of the business; provided however if Tenant is unable to comply by reason of shortage of materials, strikes, acts of God, destruction of the premises by fire, or any other reason or cause beyond Tenant's control, financial inability of Tenant excepted, Tenant shall not be deemed to be in default under this lease. Section 4.02 Tenant 119 alt Not Tenant shall comply with all laws, ordinances, rules and regulations of governmental authority respecting the use, operation and activities of the premises (including sidewalks, street approaches, drives, entrances and other common areas serving the premises); maintain the show windows, if any, in a neat and clean condition and shall keep the walkways adjacent to the premises clean and free from rubbish. 6 Tenant shall not permit any unlawful, improper or offensive us of the premises, common areas, or such other areas, or any part thereof, nor permit any nuisance thereon make any use of the premises which would make void or void able any policy of insurance covering the premises or common areas; burn any trash of any kind in or about the premises permit rubbish, refuse or garbage to accumulate; permit any fire or health hazard to exist, upon or about the premises; leave premises vacant or suffer or permit any waste or mistreatment thereof. ARTICLE V — SECURITY DEPOSIT Section 5.01 Amount of Deposit Tenant, contemporaneously with the execution of this lease, has deposited with Landlord, and Landlord hereby acknowledges receipt of $933.33 (if by check, subject to collection), which shall be held by Landlord, without accrual of interest, as security for the faithful performance by Tenant of all the terms of the lease. Said deposit shall not be mortgaged, assigned, transferred or encumbered by Tenant without the express prior written consent of Landlord, and any such act on the part of the Tenant shall be without force and effect and shall not be binding upon the Landlord. Section 5.02 Use and Return of Deposit If any of the rents herein reserved or any other sum payable by Tenant to Landlord hereunder shall be overdue or unpaid, or should Landlord make payments on behalf of the Tenant, or if Tenant shall fail to perform any of the terms of this lease, then Landlord, at its option and without prejudice to any other remedy which Landlord may have on account thereof, may appropriate and apply said entire deposit, or so much thereof as may be necessary to compensate Landlord, toward the payment of any rent or additional sum due hereunder or to any loss or damage sustained by Landlord due to such breach on the part of the Ten n; and Tenant shall forthwith upon demand restore said security deposit to the original sums deposited. Should Tenant comply with all of the terms and promptly pay all of the rentals and all other sums payable by Tenant to Landlord as they become due, said deposit shall be returned in full to Tenant at the end of the term, In the event of Bankruptcy or other creditor debt proceedings against tenant, the security deposit shall be deemed to be first applied to the payment of rent and other charges due Landlord for all periods prior to the filing of such proceedings. ARTICLE VI — SIGNS, MERCHANDISE DISPLAY, ALTERATIONS & LIENS Section 6.01 Signs Tenant shall not place or suffer to be placed or maintained upon any exterior door, roof, waif of window of the premises any sign, awning, canopy or advertising matter or any thing of any kind, and will not place or maintain any freestanding standard within or upon the common area or the premises immediately adjacent thereto, without first obtaining Landlord's express prior written consent. Signage shall include a standard sign showing business hours. Tenant also agrees to maintain such sign, awning, canopy, decoration, lettering, advertising matter or other thing as may be approved by Landlord in good condition and repair at all times and to remove the same at the end of this lease, as and if requested by Landlord. Upon removal thereof, Tenant agrees to repair any damage caused by such installation and/or removal. Tenant shall provide Landlord with a copy of a bon ' a fide contract for signs ge over his/her space, complying with Landlord's sign specifications and prior approval, within 60 days after the commenc e ment date of this lease or the effective date of any approved assignment of sub-lease requiring a change in signage. Landlord agrees that all existing storefront sign age is acceptable. 7 Section 6.02 Merchandise Display Tenant shall not have the right to display any merchandise in showcases or other installations on the exterior of the premises, nor shall Tenant maintain any loud speaker, voice making or other sound projection device in such a manner as to be audible to anyone outside of the premises. In addition, Landlord shall have the right to approve or disapprove any merchandise display, whether within or without the premises, which is visible from the exterior of the premises. Section 6.03 Alterations Tenant shall not make any alterations or addition to the premises, including the installation of air- conditioning, plumbing fixtures, or the installation of any floor covering, without Landlord's prior written consent. Any alteration or addition made shall remain on and be surrendered with the premises on expiration or termination of the lease, except the Landlord can elect within thirty (30) days before, or within ten (10) days after expiration or termination of the term of the lease, to require Tenant to remove any alterations or addition that Tenant or its assignor has made to the premises. If Landlord so elects, Tenant at its own cost shall restore the premises to the original condition of the space as it was at the time Tenant took position, before the last day of the term, or within thirty (30) days after notice of election is given, whichever is later. Section 6.04 Liens Tenant agrees that it will make full and prompt payment of all sums necessary to pay for the cost of repairs, alterations, improvements, changes or other work done by Tenant to the premises and further agrees to indemnify and hold harmless the Landlord from and against any and all such costs and liabilities incurred by tenant, and against any and all mechanic's, material man's or laborer's liens arising out of or from such work or the cost thereof which may be asserted, claimed or charged against the premises or the principals of Ocean Plaza. Notwithstanding anything to the contrary in the lease, the interest of Landlord in the premises shall not be subject to liens for improvements made by or for Tenant, whether or not the same shall be made or done in accordance with an agreement between Landlord and Tenant, and it is specifi cally understood and agreed that in no event shall Landlord or the interest of the Landlord in the premises be liable for or subjected to any mechanic's, material man's or laborer's liens for improvements made by Tenant or for which Tenant is responsible for payment under terms of this agreement. All persons dealing with Tenant are hereupon placed upon notice of this provision. In the event any notice or claim of lien shall be asserted of record against the interest of Landlord in the premises or Ocean Plaza on account of or growing out of improvement or work done by or for Tenant, or any person claiming by, through or under Tenant, or for improvements or work the cost of which is the responsibility of Tenant, Tenant agrees to have such notice of claim of lien cancelled and discharged of record as a claim against the interest of Landlord in the premises or Ocean Plaza (either by law) within ten (10) days aft er notice to tenant by Landlord, and in the event Tenant shall fail to do so, Tenant shall be considered in default under this lease. Upon execution of this agreement, Landlord and Tenant shall execute a Memorandum of this lease (at ' the option of the Landlord), said Memorandum to be recorded in the public records of Palm each County, State of Florida, setting forth the provisions of this Section 6.04. ARTICLE V11 — REPAIRS, MAINTENANCE AND ACCESS BY LANDLORD Section 7.01 Resp(?nsibility of Landlord Landlord shall not be called upon and shall have no obligation to make any repairs, improvements or alterations whatsoever to the premises. Landlord shall maintain the exterior walls (but not glass, plate glass, windows, front entry door and closers, interior doors, or painting) in good repair, and shall keep the roof of the buildings water tight; provided, however, that Landlord shall not be required to make any repairs to the roof or any other part of the premises until notice of the need for such repairs to the roof or any other part of the premises is given to the Landlord by Tenant, and it is understood and agreed that Landlord shall not be responsible to the Tenant for any damage Tenant may sustain by a leak in the roof, windows, walls or pipes or for any damage on account of windstorm, hurricane, fire or otherwise, unless damage is caused by Landlords negligence- Also, Landlord shall not be liable for or required to make any repairs, or perform any maintenance to or upon the premises, which are required by, related to, or which arise out of negligence, fault, misfeasance or malfeasance of and by Tenant, its employees, agents, invitees, licensees or customers, in which event Tenant shall be responsible therefore. Section 7.02 Responsibifity of Tenant Tenant shall service, keep and maintain the interior of the premises including all plumbing and plumbing fixtures, wiring, air conditioning, piping, light fixtures, interior doors, front entry door (including closers), windows, equipment and appurtenances, in good and substantial repair during the entire term of this lease and shall replace all glass in the windows and doors broken during the lease term, but such agreement of Tenant shall not apply to any damage caused by Landlord or Landlord's agent, fire or other casualty which is covered (except for any applicable deductible, which will be the Tenant's responsibility to pay) by standard fire, extended coverage and other perils insurance. Tenant agrees to make repairs promptly as they may be needed at its own expense, and at the end of the term of this lease Tenant shall deliver up the premises in a broom-clean condition with all glass and all windows and doors intact. Tenant shall maintain the air-conditioning filter by replacing the filter with new filter a minimum of on every 30 days- At all times, the Landlord shall give the Tenant the benefit of any warranties from workmen and suppliers who have performed or delivered work, services or material to the complex. In the event Tenant does not keep and maintain the premises to Landlord's satisfaction or make the said repairs or replacements within a ten (t D) day period after notice from Landlord, or in case of repair which, for use beyond Tenant's control, cannot with due diligence be cured within said allotted period of ten days, if tenant shall not have promptly after notice commenced such repairs and thereafter diligently prosecuted same to completion, within a reasonable time, then Landlord may, in addition to any other remedies it may have under law or this lease, enter upon the premises and maintain the premises and/or make the said repairs or replacements itself, as the case may be, and charge - the cost thereof to Tenant plus 20% for overhead as additional rent hereunder together with interest at the to of 18% from the date of expenditure by Landlord to the date of payment by Tenant Section 743 Access by Landlord Landlord or its representatives shall have the right to enter upon the premises, at times which will not unreasonably interfere with business of Tenant, for the purpose of inspection and to make or use to be made any repairs or otherwise to protect its interest, but the right of the Landlord to enter, repair or do anything else to protect its interest, or the exercise or failure to exercise said right, shall in no way diminish Tenant's obligations or enlarge Landlord's obligations under this lease, or affect any right of Landlord, or create any duty or liability by Landlord to Tenant or any third party. Landlord may, within sixty (60) days next preceding the expiration of the term, enter to place and maintain notices, for ietting, free from hindrance or control of Tenant, and to show the premises to prospective tenants thereof at times which will not unreasonably interfere with business of Tenant. If Tenant shall vacate the premises during the last month of the term of this lease, Landlord shall have the unrestricted right to enter same after Tenant's moving to commence preparation for the succeeding tenant or for any other purpose whatsoever, without affecting Tenants obligations to pay rent for the full term. ARTICLE VIll — INDEMNITY AND EXCULPATIONS; INSURANCE Section 8.01 Exculpation and Indemnity of Landlord Landlord shall not be liable to tenant for any damage to tenant or Tenant's property, and tenant waives all claims against landlord for damage to person or property from any cause- Tenant shall hold Landlord harmless from all damages arising out of any damage to any person or property occurring in, on, or about the premises and the building, unless said damages are caused by Landlord's willful misconduct or gross negligence, A party's obligation under this Article to indemnify and hold the other party harmless shall be limited to the sum that exceeds the amount of insurance proceeds, if any, received by the party being indemnified- Section 8.02 Public Liability and Property Damage Insurance Tenant at its cost shall maintain public liability and property damage insurance with liability limits of not less than $2,000,000-00 aggregate and $1,000,000-00 per occurrence insuring against all liability of tenant and its authorized representatives arising out of and in connection with tenant's use or occupancy of the premises. All public liability insurance and property damage insurance shall insure performance by tenant of the indemnity provision of Article Vill Section 8.01. Both parties shall ben e s additional insureds; the policy shall contain cross-liability endorsements, and shall be primary insurance as far as landlord is concerned. All the insurance required under this lease shall: Be issued by insurance companies authorized to do business in the State of Florida, with financial rating of A. Be issued as a primary policy. Contain an endorsement requiring 30 days written notice from the insurance company to both parties and Landlord's lender before cancellation or change in the coverage, scope, or amount of any policy. Be renewed not less than 30 days before expiration of the term of the policy. Each policy, or a certificate of the policy, together with evidence of payment of premiums, shall be deposited with Landlord at the commencement of the term and on each renewal of the policy. Section 8.03 Increase in Amount of Public Liability and Property Damage Insurance Not more frequently than every three years, it, in the reasonable opinion of Landlord's lender or of the insurance broker retained by Landlord, the amount of public liability and property damage insurance coverage at that time is not adequate, tenant shall increase the insurance coverage as reasonably required by either Landlord's lender or Landlord's insurance broker. The cost of said increased coverage shall not be greater than 10% of the cost of coverage at the beginning of the lease term or at the beginning of any renewal period. Section 8.04 Waiver of Subrogation The parties release each other, and their respective authorized representatives, from any claims for damage to any person or to the premises and the building and other improvements in which the premises are located, and to the fixtures, personal property, tenant's improvements, and alterations of either landlord or tenant in or on the premises and the building and other improvements in which the premises are located that are caused by or result from risks insured against under any fire and extended coverage insurance policies carried by. the parties and in 10 force at the time of any such damage. Tenant shall cause each insurance policy obtained by it to provide that the insurance company waives all right of recovery by way of subrogation against Landlord in connection with any damage covered by any policy. ARTICLE IX — QUIET ENJOYMENT Section 9.01 Quiet Enjoyment Landlord covenants that so long as Tenant pays the rent reserved in this lease and performs its agreements hereunder, Tenant shall have the right to quietly enjoy and use the premises for the term hereof, subject only to the provisions of this agreement. ARTICLE X — ASSIGNMENT AND SUBLETTING Section 10,01 Assignment and Subletting Tenant shall not assign this lease not any rights nereunaer, nor let or sublet all or any part of the premises, nor suffer or permit any person or corporation to use any part of the premises, without fi rst obtaining the express prior written consent of Landlord, which consent Landlord, may arbitrarily withhold. A copy of any proposed assignment or sub-lease must be submitted to Landlord. Should Landlord consent to such assignment or to a sub-lease of all or any part of the premises, Tenant does hereby guarantee payment of all rent herein served until the expiration of the term hereof, and no failure of the Landlord to promptly collect from any assignee or sub- tenant, or any extension of the time for the payment of such rents, shall release or relieve Tenant from its guaranty or obligation of payment of such rents. No acceptance by the Landlord from other than the Tenant of any payment due hereunder shall be construed a consent by Landlord to any assignment or subletting by the Tenant, or give the Tenant any right to permit another to occupy any portion of the premises except as herein expressly provided. ARTICLE XI — UTILITIES Section 11.01 Utilities Tenant shall pay all costs and expenses for gas, electricity, pest control, phone and internet, alarm, and any and all other utilities furnished to or used in connection with the premises for any purpose whatsoever during the term of this lease, promptly as each thereof shall become due and payable. The cost of trash and/or garbage collection shall be paid indirectly by Tenant through the common area maintenance fees to the person or entity performing such removal service ("Removal Contractor"), or Landlord may, at its of option, elect to contract for trash and/or garbage removal for an individual Tenant, several Tenants, or all Tenants (hereunder called "Participants"). If Landlord so elects, the Participants shall pay a 'fair share" of the costs thereof, such "fair share" to be determined as follows The Removal Contractor, based on its expertise, shall make a determination as to the requirements for disposal for each individual Participant and the cost thereof. The "fair share" shall be.-the percentage (%) that each Participant's cost bears to,the total cost of all Participants, 11 multiplied times the actual cost of the contract. Such amounts shall be payable under the terms of this lease, a n d s hall be in addition to common area maintenance expense, It shall be the Tenants sole responsibility to place all garbage and trash from their respective premises in a dumpster or trash bin, if any, provided by Landlord or Removal Contractor which has been designated for use by Tenant. Otherwise, it is to be placed on appropriate days for pick-up in approved containers as required by Removal Contractor. No trash or garbage shall be allowed to collect upon or about the premises except in a dumpster or other approved receptacles on scheduled pick-up days. No dumpster or other receptacles shall be placed on parking or other common areas, except at authorized designated places on scheduled days, without prior written approval of Landlord. In the event Tenant should place any refuse material in an unapproved area or outside the approved receptacle, Landlord may, two (2) days after verbally notifying Tenant, have said refuse removed and Tenant shall make prompt payment for al the costs of said removal. ARTICLE XII — DEFAULT OF TENANT Section 12.01 Default of Tenant In the event Tenant shall (a) it to make any rental or other payment due hereunder within ten (1 0) days after the same shall become due, or in the event: (b) a petition in bankruptcy (including Chapter X and Chapter A bankruptcy proceeding or any other reorganization proceedings under the Bankruptcy Act) be filed by the Tenant, or be filed against the Tenant, and such petition is not dismissed within thirty (30) days from the filing thereof, or in the event Tenant is adjudged a bankrupt; or , (c) an assignment for the benefit of creditors is made by Tenant; or, (d) of an appointment by any court of a receiver or other court officer of Tenant's property and such receivership is not dismissed within thirty (3) days from such appointment or (e) Tenant removed, attempts to remove, or permits to be removed from the leased premises, except in the usual course of trade, the goods, furniture, effects or other property of the Tenant brought thereon; or, (f) Tenant before the expiration of the to hereof and without the written consent of the Landlord, vacates the leased premises or abandons the possession thereof, or uses the same for purposes other than the purpose for which the same are leased, or ceases to use the leased premises for the purposes herein expressed; or, (g) an execution or other legal process is levied upon the goods, furniture, effects or other property of Tenant brought on the leased premises, or upon the interest of Tenant in this lease, and the same is not satisfied or dismissed within ten (10) days from such levy or process; or, (h) breach or failure to perform any of the agreements herein other than the agreement to pay rent, and shall fall to cure such breach within ten (10) days after written notice from Landlord, then Landlord in any such event shall have the options as follows: Section 12.02 Remedies of Landlord Landlord shall have the immediate right to re-enter the leased premises, either by summary proceedings and to dispossess Tenant and all other occupants therefrom and remove and dispose of all property therein in the manner provided in the third paragraph of this Section, with resort to legal process. Landlord shall also have the right, at its option, to terminate this lease upon ten (10) days prior written notice to Tenant, and to thereupon re-enter and take possession of the said premises with legal process. In the event on any such default or breach, Landlord shall have the right, at its option, from time to time, without terminating this lease, to re-enter and re-let the premises, or any part thereof, with legal process, as the agent and for the account of Tenant upon such terms and conditions as Landlord may deem advisable or satisfactory, in which event the rents received on such re-letting shall be applied first to the expense of such re-letting and collection including, but not limited to, necessary renovation and alterations of the leased premises, reasonable attorney's fees, any real estate commissions paid, and thereafter toward payment of all sums due or to become due Landlord hereunder, and if a sufficient sum shall not be thus realized or secured to pay such sums and other charges, (1) at Landlord's option, Tenant shall pay Landlord any deficiency monthly, notwithstanding Landl9rd may have received rental in 12 excess of the rental stipulated in this lease in previous or subsequent months, and Landlord may bring an action therefore as such monthly deficiency shall adse, or (11) at Landlord's option, the entire deficiency, which is subject to ascertainment for the remaining term of this lease, shall be immediately due and payable by Tenant- Nothing herein, however, shall be construed to require Landlord to re-enter and re-let in any event. The Landlord shall not, in any event, be required to pay Tenant any surplus of any sums received by Landlord on a re-letting of said premises in excess of the rent provided in this lease. In the event of any such default or breach, the Landlord shall have the right, at its option to declare the rents for the entire remaining term an other indebtedness, if any, immediately due and payable without regard to whether or not possession shall have been surrendered to or taken by Landlord, and may commence action immediately thereupon and recover judg men t therefore. The Landlord, in addition to other rights and remedies it may have, shall have the right to remove all or any part of the Tenant's property from said premises and any property removed may be stored in any public warehouse or elsewhere at the cost of, and for the account of Tenant and the Landlord shall not be responsible for the care of safekeeping thereof, and the Tenant hereby waives any and all loss, destruction and/or damage or injury which may be occasioned by any of the aforesaid acts, as long as Landlord complies with all la s- such entry or taking possession of said [eased premises by Landlord shall be construed as an election on Landlord's part to terminate this lease unless a written notice of such intention is given to Tenant- Notwithstanding any such re-letting without termination, Landlord may at all times thereafter, elect to terminate this lease for such previous default or breach. Tenant shall allow any such re-entry without hindrance, and Landlord shall not be liable in damages for any such re- entry, or guilty of trespass or forcible entry, as long as Landlord complies with all laws. The delivery of keys to Landlord or any employees of Landlord or the Landlord's agent of any employee thereof, shall not operate as a termination of this lease or surrender of the premises, Any and all sums due under this lease from Tenant to Landlord and not paid on the date due shall bear interest from the date due at the to of eighteen percent (18%) per annum until fully paid. The remedies for which provision is made in this Article X11 shall not be exclusive and any and all rights, remedies and options given in this lease to Landlord shall be cumulative and in addition to and without waiver of or in derogation of any right or remedy given to it under any law now or hereafter in effect. In any event, and irrespective of any option exercised by Landlord, Tenant agrees to pay and the Landlord shall be entitled to recover all costs and expenses incurred by Landlord, including reasonable attorney's fees, in connection with collection of rent or damages or enforcing other rights of Landlord in event of a breach or abandonment by Tenant. Tenant hereby expressly waives any and all rights of redemption, if any granted by or under any present or future law in the event Tenant shall be evicted or dispossessed for any cause, or event Landlord shall obtain possession of the premises by virtue of the provisions of this lease, or otherwise- ARTICLE X111 — WAIVER OR ESTOPPEL Section 13.01 Waiver or Estoppel The failure of Landlord to insist, in any one or more instances, upon strict performance of any covenants or agreements of this lease, or exercise any option of Landlord herein contained, shall not be construed as a waiver or relinquishment for the future of such covenant, agreement or option, but the Same shall continue and remain in full force and effect. Receipt of rent by Landlord, with knowledge of the breach of any covenant or agreement hereof, shall not be deemed to have been made unless expressed in writing and signed by Landlord. Any acceptance of rent or other such payment in a lesser amount than is herein required to be paid by the Tenant, regardless of any endorsement of any check or any statement in any letter accompanying the payment of the same shall not be construed as an accord and satisfaction or in any manner or other than as a payment on account by the Tenant. No waiver by the Landlord in respect to any other Tenant shall constitute a similar waiver in favor of Tenant. ARTICLE XIV — ATTORNMENT AND SUBORDINATION Section 14.01 A ttornment and Subordination All rights and interests of Tenant hereunder are and shall be and remain subject, subordinate and inferior to all mortgages, heretofore or hereafter given and encumbering the premises, or any part thereof, and shall likewise be subordinate and inferior to all renewals, modifications, consolidations, replacements and extensions of any such mortgage, and the right of the holder of any such mortgage shall at it times be and remain prior and superior to all rights and interests of Tenant. This provision shall operate as a subordination agreement with respect to all such mortgages and all renewals, modifications, consolidation, replacements and extensions thereof. If the holder of any such mortgage or any person, firm or corporation agreeing to make a loan secured by a mcitgage on the premises shall require confi rmation of any subordination for which provision is herein made or a separate subordination agreement with respect to any mortgage transaction, Tenant shall execute such agreement in the form required by such mortgage holder or other person, firm or corporation agreeing to make a loan secured by a mortgage on the premises, and the execution of the same shall not diminish or affect the liability of Tenant hereunder or of any other party responsible for or guaranteeing the obligations of Tenant under this lease. ARTICLE XV — CONDEMNATION Section 15.01 Condemnation All compensation awarded for any sucn taking by, or conveyance to, any public or quasi-public authority by reason of any act of such authority for which damages are payable, shall be the property of the Landlord, whether such damage shall be awarded as compensation for diminution in the value or the leasehold or to the fee oft a demised premises, and Tenant hereby assigns to Landlord all of Tenant's right, title and interest in and to any and all such compensation. Tenant shall be entitled to claim, prove and receive in the condemnation proceeding such awards as may be allowed for trade fixtures or for loss of business "good will", depreciation or injury to and cost of removal of stock in trade, but only if such awards shall be made by the condemnation court or by the condemner in addition to, and shall not result in a reduction of, the award for the land and buildings so taken. ARTICLE XVI — MISCELLANEOUS Section 16.01 Notices All notices shall be in writing and any notice by I` enant to Lan(vord must be served by certified or registered mail, postage prepaid, addressed to Landlord or the agent of Landlord at the address first hereinabove given or at such other address as Landlord or its agent may designate by written notice. After commencement of the term hereof any notice by Landlord to Tenant shall be served by first class mail, postage prepaid, addressed to Tenant at the leased premises or at such other address as Tenant shall designate by written notice or by delivery by Landlord to the leased premises or to such other address. 14 Notice shall be deemed to be properly given if addressed to Tenant at its last known address, if such first class mail is refused or otherwise not delivered. Section 16,02 Deposits and Advances Any funds paid by Tenant to Landlord as a deposit or advance pursuant to the terms of this lease, or any exhibit, addendum or modifiGation hereto, may be commingled with other funds of Landlord and need not be placed in trust, deposited in escrow or otherwise held in a segregated account. Ina diion, if any sums of money shall become payable by Tenant to Landlord pursuant to the terms of agreement, or any exhibit, addendum or modification hereto, or by a law, ordinance or regulation affecting this agreement, Landlord shall have the right to apply any deposits or advances theretofore made by Tenant against sums due by Tenant to Landlord. Section 16.03 Captions and Section Numbers The captions, section numbers, articles numbers and index appearing in this lease are inserted only as a matter of convenience and in no way define, limit construe, or describe the scope or intent of such sections or articles of this lease nor in any way aff ect this lease. Section 16.04 Brokerage Tenant warrants and represents that it has not dealt with any broker in connection with this lease or the premises, and agrees to defend, indemnify and hold the Landlord harmless from and against any and all claims for brokerage fees and commissions by any broker claiming to have dealt with him in connection with this lease. Landlord warrants and represents that not dealt with any broker in connection with this lease or the premises and agrees to defend, indemnify and hold the Tenant harmless from and against any and all claims for brokerage fees and commissions by any other broker claiming to have dealt with it in connections with this lease. Section 16.05 Recording Tenant shall not record this lease, but upon the request t)y the Landlord, both parties shall execute and deliver a notice of memorandum of lease, in a for satisfactory to Landlord and appropriate for recording', the costs of such notices of memorandum shall be borne by the Landlord. Section 16.06 Infestations and Fumigation If necessary to vacate the premises for fumigation or other similar treatment for termites, insects, etc., Tenant, after a minimum of 14 days prior written notice, shall vacate the premises for the required time for such treatment to be performed. If such treatment does not exeteedl 3 days and 4 nights (excluding any preparation time performed on the common areas, and not materially interfering with the business operations of Tenant), it shall be without any rent abatement. Any longer period shall abate the current tent for such additional period on a pro rata per them basis. Tenant shall permit exterminator access to premises as required by law or regulations regarding such treatment. Section 16.07 Entire Agreements Tenant agrees that Landlord has not made any statement, promise or agreement, or taken upon itself any engagement whatsoever, verbally or in writing in conflict with the terms of this lease, or 15 which in any way modifies, varies, alters, enlarges or invalidates any of its provisions. This lease sets forth the entire understanding between Landlord and Tenant, and shall not be changed, modifi ed or amended except by an instrument in writing signed by the party against whom the enforcement of any such change, modification or amendment is sought. The covenants and agreements herein contained shall bind, and the benefits and advantages hereof shall inure to, the respective heirs, legal representatives, successors and assigns of Landlord and Tenant. Whenever used, the singular number shall include the plural, the plural shall include the singular, and the use of any gender shall include all genders. The headings set forth in this lease are for ease of reference only, and shall not be interpreted to modify or limit the provision hereof. This agreement shall be construed in accordance with the laws of the State of Flonda- Should any provisions of this lease and/or its conditions be illegal or not enforceable under the laws of said State, it or they shall be considered severable, and the lease and its conditions shall remain in force and be binding upon the parties as thought said provisions had never been included. Section 16.08 Radon and Other Florida Statutes, Section 404.056(8) requires the following aisciosure: Radon is a naturally occurring radioactive as that, when it is accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal a n d s tate guidelines have been found in buildings in Florida. Additional information regarding radon testing may be obtained from a county public health unit. ARTICLE XVII - ENVIRONMENTAL Section 17.01 Environmental Tenant represents and warrants to Landlord that Tenant's use and activities on the premises shall be conducted in compliance with all applicable environmental ordinances, rules, regulation, statutes, orders, and laws of all local, state, or federal agencies or bodies with jurisdiction over the premises or the activities conducted on the premises (hereinafter collectively revered to as the "Environmental Laws')- in the event any of the Tenant activities require the use of "hazardous" or "toxic" substances, as such terms are defined by any of the Environmental Laws, then Tenant represents and warrants to Landlord that Tenant has received all permits and approvals required under the Environmental laws with respect to such toxic or hazardous substances. Tenant covenants and agrees to maintain the Premises in a 'clean" condition during the term of this lease. As used in this paragraph, the term "clean' shall can that the Premises are in material compliance with the standards set tbrth under the Environmental Laws and any standards set forth in this lease. In the event Tenant breaches any of its material representations, warranties, or covenants and agreements contained in this Section or fails to notify Landlord of the release of any hazardous or toxic substances from the Premises, then such breach or failure to notify shall be deemed a default under this Lease and Landlord shall have all rights and remedies available to it, including, but not limited to, the right to initiate a clean up of the Premises, in which case Landlord shall be reimbursed by Tenant for, and in connection with such clean up of the Premises and to fully indemnify and hold Landlord harmless from any and all losses, liabilities, expenses (including but not limited to reasonable attorneys' and paralegals' fees at trial and all appellate levels) incurred by Landlord as a result of any contamination of the Premises due to Tenant's use of hazardous or toxic substances on the Premises. If Tenant's operations require the ongoing use of hazardous or toxic substances, then Tenant shall upon written request by Landlord supply Landlord within ten (10) days receipt of such request with copies of reports and any other monitoring information required by the Environmental Laws, and any failure by Tenant to do so shall be, at Landlord's option, constitute and Event of Default under this Lease. 16 .,.� Executed Tenant on the � allay of 2014 .� ...�.,,.t ' T �Z to a ' - S " to T rf n . P e' pw r Wi ..0 „,au. tness as to Tenant Executed by Landlord on the / day ___ ......,.,.. , 2014 t - LANDLORD: W .Y `s' tc Larsdlord i i Midge Properties LL 17 Application has been made to the city of Boynton Bear occupational License for Ocean as Properties, for Judy Mollica Broker and for Barbara Heiss Realtor. Receipt is attached. Upon approval from city, and after satisfactory inspection of business premises, city and county license can be obtained. 7 '- CITY OF BOYNTON BEACH 100 F. BOYNTON BEACH BL BOYNTON BEACH, FL 33435 VZ'2014 1531 , ff. 00000003 11D 054Q2I 1094177300 CREDIT CARD AMEX SALE `ARD XXXVXXXXXX2008 NVOICE 0001 000031 w uyal Code] 523864 Aty Me icd Svod fade: OnIhe ;AIE AMOUNT 0.26 a. CUSTOMER COPY ro Flori Profit pM2iLatlon O CEANO REALTY, INC. EiHn9jnkM@# Document Number P14000046805 FE Number NONE Date Filed 05/27/2014 State L AC Status Effective Date 05/27/2014 PrincipgI Aldress 4400 N OCEAN BLVD GU LF STREAM, FL 33483 Mailing_ r 4400 N OCEAN BLVD GU LF STREAM, FL 33 e Isere end a e � LLIC , JUDY 4400 N OCEAN BLVD 4 GU LF STREAM, FL 334 QfficerlDirector Q t li Name & Address Title PVST LLICA, J UDY 4400 N OCEAN L GU LF STREAM, FL 33 Title LLIC , J UDY 4400 N OCEAN BLVD GU LF STREAM, FL 33 i APPLICATION FOR REGISTRATION OF FICTIT NAME REGISTRAT G1 4000075660 Fictitious a to : OCEAN EAST PROPERTIES Mailing Address of Business: 4400 N OCEAN BLVD 4 GULF STREAM, FL 334133 Florida County of Principal Place of Business. MULTIPLE FILED .Iul 22,2014 Fl Number: Secretary of State Owner(s) o f Fi Name: OCEAN REA LTY, IN 4400 N OCEAN BLVD 4 G ULF STREAM, FL 33483 US Florida Document Number: P14000046805 F I Number 47-0980863 1 the undersigned, being an owner in the above fictitious name, certify that the information indicated on this form is true and accurate. I further certify that the fictitious name to be registered has been advertised at least once in a newspaper as defined in Chapter 50, Florida Statutes, in the county where the principal place of business is located. 1 understand that the electronic signature below shall have the same legal effect as if made under oath and I am aware that false information submitted in a document to the Department of State constitutes a third degree felony as provided for in s. 817.155, Florida Statutes. ,.J UDY MOL 079 N20 t�lrtrr,��ir ;igr�sture�s� - Date, Certi f Status Requested Cettified Copy Requested } Electronic A ficles of Incorporation P14000046805 IIFILED For May 27 to . Fif Sta sgilbert OCE-ANO REALTY INC. The undersigned incorporator, for the puq)ose of forming a Florida profit corporation hereby adopts the following Mides of Incorporation: Article I The name of the corporation is: OCEANO REALTY. INC - Article 11 The principal place of business address: 4400 N OCEAIN BLVD - h - 14 GULF STREAM. F1,- US 33483 11 mailing address of the corpondtion IS. 4400 N OCEAN BLVD - #A GULF STILE I, FL. US 33483 Article III The purpose for xxhich this corporation is organized is: REAL ESTATE SALES AND RENTALS Article IV The number of shares the conPoraLion is authorized to issue is: 100 Article V name and Florida street address of the registered agent is: JUDY MOLLICA 4400 N OCEAN BLVD «4 GULF STREAM, FL, 33483 1 certiftr that I and familiar with and accept the responsibilities of registered agent. Registerod AP I eni Signattirv-: JUDY MOLLICA P14000046805 FILED May 27 2014 Article V1 Sec. Of State The name and address of the incorporator is.' sgilbert AJDY MOLLICA 4400 NT OCEAN BLVD 44 6ULF STREAM FL, 33483 Electronic Signature o `I corporator: JUDY MOLLICA I ain the incorporator submitting these Articles OfIncor oration and affuni that the facts stated herein are true. I am aware that false information submitted in a Tocurnent to the Departnient of to constitutes a third degree felony as provided for in s.817.155, F.S. I understand the requirement to file an arinual report between January I st and May I st in the calendar year following formation of this corporation and every vear th ere afler to maintain "active" status. Article V11 The initial officer(s) and/or director(s) oft e corporation is/are: Title: PVST JUDY MOLLICA 4400 N OCEAN Ian' I3 f - 44 GULF STREAM, FL. 33493 1.7S Title-- D JIJDY MOLLICA 4400 NOCEAN BLVD 44 GULF STREAM, I'L. 33483 US Article V111 The effective date f o r t his corporation shall be 05/27/2014 R s k E .sue roe iL a 1 �} f i g la 3 �' t UMC NDU5TRffS, NIC, SVBJECTO( a �a t° T 51, IOUIS. PAO� 63101 o e de vJ Ca 0, Lwa C C� I f„ t, Op 4 3 � 11 X11 ". t� Esc - \`� �41 1 11 kY 6 y 4,114 f}J 117 ty ai ` t - � it t � 11" f � SIti) t�j� t�tia 7 t1p� l� Elk m ---------- -- MINE, z:M:%;M;iifflM;;i:j f i 7 Building Permit Building Permit was not needed. Work is cosmetic only including replacing carpet, paint with knock down finish, removing drop ceiling and replacing ceiling fixtures. Specific List Breaking Down the Use of Funds Remove Drop Ceiling and Disposal 800.00 Application of knock down and Paint 5000.00 New Lighting Fixtures 1619J5 Replace Counter tops 500.00 Replace Carpet 1300,00 Trim Finish or 3360.00 Total Estimated Cost $12,578.15 0 CAPITOL LIGHTING - ATN 73 N Federal Boca an, L 334 7 Quote Order I I Phone: 561 - 994 -9570 1 -80o tG TING. Fax; 561- 994 -9573 70230499 - Sc Date Qrder . ate CONFIRMA QUOTE 7/25/14 7/25/14 Sold To 2765179 - Ship T o Page 1 AL OYSE DESIGN CAPITOL LIGHTING - B BOCA RATON 455 NE 5TH AVE 7301 I\1 Federal H D EL RAY EA ,FL 33446 Boca Raton,FL 33487 5616999077 Store Location Salesperson Customer Stare 1 . BO CA RATON 343 Dave Ake 2765179 507 Order Type Printed 7/25114 14:37: P P ic kup Line /O Item Vendor Description LD Price Amo 1 P 6 9003049 WAC LIGHTING 47.00 282.00 HT8 -BK 0,69x1.3 x96.001- 8FT TRACK SECTION BLACK Pickup at ordering store 2 P 1 9005115 WAC L I G H T I N G 19.80 19.80 HT2 -K 0.69Hx1.38Wx24.00L 2FT TRACK SECTION BLACK I CkUp a# ordering Store P 6 9005106 C LIGHTING 9.90 59.40 HI -BK 0,75Hx1.38Wx3.131- LIVE TRACK CONNECTORS 4 P 2 8861791 WAC LIGHTING Pickup at ordering stare 9.45 18.90 L -BK 0.75Hx1.38 x4.251_ LIVE END FEED Pickup at orderi store 6 P 12 1290752 AC LIGHTING 16.20 194.40 HTK- 178 -K 4.00Hx2.00L Track Head 7 P 12 1771722 SATCO PRODUCTS INC. Pickup at ordering store 10.48 125.76 54969 90W 130V 131OLx PAR38 Clear Halogen Bulb Pickup at ordering store 9 P 6 1291039 WAC LIGHTING 137 70 826.20 HTK -F4 -454 -BK 11.75Hx5.13 ax 5 "Mini Pendant 1 @100W(M) Balance Due: W s is a sal s uote onl Prices quoted are t po t`or 3 days from qte of`luote. C>�ice r uate is turned into a sale, Ca itol t t n rs es t f c� at; sa eS at der_ you wis to convert 's qu e, to a a te, e s con ke ct yo ,,ate persan r vi rt �it www, 00 ig Mi .ca or er an rater your quote nutn er an zip co e to eo p etc your or er on i e. CaWitol CAPITOL LIGHTING - OCA AT0 730 N F era I uote Order Boca Raton, L 334 7 L [ Phone: 561-994-9570 1- 0OLIG TING. Fax: 551- 994 -9573 70230499 - Scheduled ate Order Date QUOTE CO NFIRMAT ION 7/25/14 7/25/14 S old 2765174 Ship To P age 2 AL YSE DESIGN CAPITOL LIGHTING - BOCA RATON 455 NE 5TH ,AVE 7301 N Federal Hwy DELRAY BEACH,FL 33446 B oca RatonFL. 33487 5616999077 Store Location Salesperson Customer Store I BOCA RATON 343 Dave Ake 2765179 507 Order Type Printed 7/25114 1 Pic Line Y P QTY B/O Item Vendor Description LD Price Amount Pickup at ordering store Material Total: 1,526.46 Tax: 91.54 Subtotal: 1,618.45 Totat Quote.: 1, hi s s is a s cote onl Prices queried are od f60 days fro akteg f cote. ee u ®te is turned into a sale, Ca itol vr�it �'i P: /? Q i itrn c eorr an nter yUtrr qua H er an zip co y t® c�rrrp contact t y o® gs l�ne son r H Track Sections Designed for nearly every application and interior environment our extensive 120V Track collection offers hundres of luminaires that integrate cutting edge design and aerospace detailing with designer glass and metal finishes. Versatile yet sturdy, the track systems can be surface mounted or suspended from the ceiling, liberating luminaires from the constraints of rigid mountings and enabling the lighting design to adopt to changing styles and spaces. Power per Circuit: 120V, 1420W max Operating Current: Rated 20A max May be field cut and easily installed on a variety of surfaces Available extension accessories Use compatible Quick Connect`" pendants and fixtures with each system End caps and mounting hardware included Retrofits into many popluar track systems on the market today. BK BN DB here to buy? WT System Model / length Finish Order Number H T2- 2 feet BK T4- 4 feet BN- Brushed Nickel Add to Wish List T6- 6 feet DB -Dark Bronze T8 l `^ ^t WT -White Includestwo m atclin'g end caps f O 178 WAC LIGHTING 120VTrack Line Voltage Lum Respons Li i Fixture Type 4 " rr at Catalog Number: ��. it 2 1r t Location. P RODUCT DESCRIPTION Line voltage luminaire offered in black, brushed nickel or white finishes and can be used with various iamp options. PEA UBES SPECIFICATIONS A vailable with LED la ping ion._.____. —_ Construction: Farmed metal track head with die -cast locking knob for Fixed position socket aiming and polycarbonate track adapter. Medium base 250V porcelain 350° horizontal rotation and 90° lockable vertical alming socket with nickel- plated copper screw shell. Available barn door accessory for glare control Finish: Available in Black {BK), Brushed Nickel (BN) and White (WT). Accepts 1 lens with the use of a lens clip Lamp: Order lamps separately. Uses LED BR20/30140, LED PAR20 /30138, 5 year WAC product warranty or Halogen SOW max PAR20/BR20, 75W max PAR30/BR30, 150W max PAR38/11R40. Dimming: Dim to 5% with Triac dimmer. LED lamp dims to 10% with electronic low voltage (ELV) dimmer, Standards: UL & CUL Listed. ORDER NUMBER FINISHES System Model Flni RK BN WT LTK L Track R Black - -- HT K N Track 17 &rushed Nickel R J /J2 Track WT 4�Jhite Example: WK- 179-BN LED LAMPS Finish BARN DOOR ACCESSORY tp PA GLED- ION30 PAR20 BK PAR20BO J BK Slack cl ` P 3DLE - L14 B PAR30 T PA 3D D BN 8rushedNicke7 PARBLE 17N3 PAR38 PD While 0LED -7 27 8R20 T _ ( DLED-11 27 8830 WAC Lighting Headquarters /Eastern Distribution Center Western Distribution Center www.waclighting.com 44 Harbor Park Drive • Port Washington, NY 11050 1750 Archibald Avenue • Ontario, CA 91760 Phone (800) 526.2568 • Fax (800) 526.2585 Phone (516) 515,5000 • Fax (516) 515.5050 Phone (800) 526.2588 • Fax (800) 526.2585 WAC Lightingretoinstherighttomodifythedesignofourproductsatanytimeaspart oft hecompany 'sconrinuousimprovementprogrom. JUL2014 7125M14 Satco 54969 90 Watt 130 Volt PAR38 PAR38 Clear Halogen t3db I Capild Ughting 1-8WigMnq.com 54969 The &tco Halogen Light Bulb k Product Specifications & Details Dark : Not Dark Sky Conpliant l k I a t http: Uwmuw. 1800lighting .co"Satcoritemcfm?itemslai= -54969 111 DAX - model: G454 Cosmopolitan Collection Fixture Type: 72" ma Catalog Number. -------- -- ..................................................... ............... 3 /4" 5Y8" PRODUCT DESCRIPTION CONSTRUCTION Stimulate the aesthetic sense of your room with simple and understated cased white glass Shade, Art Glass, available in 2 colors cylinders finished in white and amber acid etched colors. Socket Sets: Die-cast aluminum with plated socket housing Canopies: Plated steel FEATURES Adapters for rail and track systems: Polycarbonate Line voltage or LED pendant • Can be used with energy efficient LED, compact fluorescent or standard incandescent lamps. Mounting hardware available in three different styles and multiple finishes. Socket set includes 72" wire that may be cut in the field. 5 year WAC Lighting product warranty. UL & CUL Listed. ORDER NUMBER SHADE COLORS System Model Type Model 4 Lamping Shade Color Socket Set Finish AM Amber WT-White ------ r SK Block PLD-F4 Canopy BN Brushed Nickel Ll WT White HM1_F4 Flexraill 454LED LEDmedbase AM Amber DO Dark Bronze SOCKET SET FINISHES 454 l00WmaxAI91G30 WT White PT Platinum BN Brushed Nickel BK Black _HTK-F4 BK-Black LTK-F4 L Track BN Brushed Nickel 1TK-F4 J Track White Off-Dark Bronze PT-Platinum WT-White .� l 1 �._.. _� Example: PLD-F4-454AMlOK .................. WAC Lighting Headquarters/Eastern Distribution Center Western Distribution Center www.waclighting-com 44 Harbor Park Drive • Port Washington, NY 11050 1750 Archibald Avenue • Ontario, CA 91760 Phone (800) 526.2588 • Fax (800) 526-2585 Phone IS 16) 515.5000 - Fax (S 16) 515.5050 Phone (800) 526.2588 • Fax (800) 526,2585 WAC Lighting retains the fight to modify the design of our products at any time as port of the company's continuous improvement program. APR 2014 101.81 Ix�n :Fi GREENGUARD . A LOW CHEMICAL PRaMAR 200 r LOW CMEMIfJ1L EMISSIONS uL.CDM /GG SHERWIN DL2AI. Zero VQC II UILLIAMS o � S � In terior Latex OTC A 1 1d m i wAh: W V r D Fla} Yes LEEDS 09 CI Yes G 1 �+ SCAM . Y YLIS L D. 0.9 NC Yes AR8 B30 -2600 Series EQ$ Y ARB SCM 2007 Yes NGSS 09 H & 5 Yes , j V 6e d- ,� r ,__ MR - NGSS Yes T� t'1 f' t.f CHARACTERISTICS SPECIFICATIONS SURFACE PREPARATION ProMar 200 Zero VOC Interior Latex Block WARNING! Removal of old paint by Flat is a durable, professional quality, 1 ct. PrepRite Block Filler* sanding, scraping or other means may washable, interior vinyl acrylic finish for 2 cts. ProMar 200 Zero VOC Interior generate dust or fumes that contain lead. use on walls and ceilings of primed plas- Latex Exposure to lead dust or fumes may ter, wallboard, wood, masonry, and cause brain damage or other adverse primed metal. Drywall health effects, especially in children or Color: Most colors 1 ct. ProMar 200 Zero VOC Interior pregnant women. Controlling exposure to Latex Primer lead or other hazardous substances re- To optimize hide and color development, always use of proper protective equip - s the use the recommended P -Shade primer 2 cts. ProMar 200 Zero VOC Interior quires such use Coverage: 350 - 400 sq ft/gal Latex ent, a properly fitted respirator s s @ 4 mils wet; 1.6 mils dry { approved) } and proper contain - Drying Time, @ 77 °F, MrA RH: Masonry ment and cleanup. For more information, Touch: 1 hour 1 ct. Loxon Concrete & Masonry call the National Lead Information Center Recoat: 4 hours at 1- 800 - 424 -LEAD (in US) or contact Drying and recoat times are temperature, humidity, Primer` your local health authority, and film thickness dependent 2 cts. ProMar 200 Zero VOC Interior Finish: 1 -3 units @ 85° Latex Remove all surface contamination by Flash Point; NIA washing with an appropriate cleaner, Tinting with CCE only: Plaster rinse thoroughly and allow to dry. Existing Base ozlgal Strength 1 ct. Premium Wall & Wood Primer* peeled or checked paint should be High Ref White 0 -5 100% 2 cts. ProMar 200 Zero VOC Interior scraped and sanded to a sound surface. Extra White 0 -6 125% Latex Glossy surfaces should be sanded dull. Deep Base 4 -12 100% Stains from water, smoke, ink, pencil, Ultradeep 4 -12 100% Wood grease, etc. should be sealed with the Real Red 4 -12 100% 1 ct. Premium Wall & Wood Primer* appropriate primertsealer. Bright Yellow 4 -12 100% 2 cts. ProMar 200 Zero VOC Interior Dover White do not tint Latex Drywall Vehicle Type: Vinyl Acrylic Fill cracks and hales with patching pastel Extra White B30WO2651 These primers contain relatively low spackle and sand smooth. Joint com- VOC (less exempt solvents): amounts of VOCs, but could result in Pounds must be cured and sanded X50 g1L; 0.42 lb/gal minor, noticeable odors. smooth. Remove all sanding dust. As per 40 CFR 59.406 and SOR/2009 -264, s.12 Volume Solids: 41 t 2% Other primers may be appropriate. Masonry, Concrete, Cement, Block Weight Solids: 57 ± 2% All new surfaces must be cured according Weight per Gallon: 111 lb When repainting involves a drastic color to the supplier's recommendations — WVP Perms (US) 10.1 change, a coat of primer will improve the usually about 30 days. Remove all form grains/ft ft in Hg) hiding performance of the topcoat color, release and curing agents. Rough sur- faces can be filled to provide a smooth Anti - microbial surface. If painting cannot wait 30 days, This product contains agents which inhibit allow the surface to cure 7 days and the growth of microbes on the surface of prime the surface with Loxon Concrete & this paint film. Masonry Primer. 3i2014 www.sherwin- williams.00m continued on back 101-81 PROMAR 200 SHERWIN Zero VOC WILLIAMS. Interior Latex Flat B30-2600 Series SURFACE PREPARATION APPLICATION CAUTIONS Plaster Apply at temperatures above 50 °F. For interior use only Bare plaster must be cured and hard. No reduction needed. Protect from freezing. Textured, soft, porous, or powdery plaster Brush Non-photochemically reactive. should be treated with a solution of I pint Use a nylon /polyester brush. household vinegar to 1 gallon of water. Roller LABEL CAUTIONS Repeat until the surface is hard, rinse Use a 3/8" - 3/4" nap synthetic cover. Use only with adequate ventilation. To with clear water and allow to dry. Spray—Airless avoid overexposure, open windows and Pressure ..... ........................... 2000 psi doors or use other means to ensure fresh Wood Tip. ....... ..........................017' - .021" ... air entry during application and drying. If Sand any exposed wood to a fresh sur- you experience eye watering, headaches, face. Patch all holes and imperfections or dizziness, increase fresh air, or wear with a wood filler or putty and sand CLEANUP INFORMATION respiratory protection (NIOSH approved) Smooth. or leave the area. Avoid contact with eyes Clean spills, spatters, hands and tools and skin. Wash hands after using. Keep Mildew immediately after use with soap and container closed when not in use. Do not Remove before painting by washing with warm water. After cleaning, flush spray transfer contents to other containers for a solution of 1 part liquid bleach and 3 equipment with mineral spirits to prevent storage. FIRST AID. In case of eye con- parts water. Apply the solution and scrub rusting of the equipment. Follow manu tact, flush thoroughly with large amounts the mildewed area. Allow the solution to facturer's safety recommendations when of water. Get medical attention if irritation remain on the surface for 10 minutes. using mineral spirits, persists. If swallowed, call Poison Con- Rinse thoroughly with water and allow the trol Center, hospital emergency room, or surface to dry before painting. Wear pro- physician immediately. WARNING. This tective eyewear, waterproof gloves, and product contains chemicals known to the protective clothing. Quickly wash off any State of California to cause cancer and of the mixture that comes in contact with birth defects or other reproductive harm. your skin. Do not add detergents or am- DO NOT TAKE INTERNALLY, KEEP monia to the bleach/water solution. OUT OF THE REACH OF CHILDREN, Caulking HOTW 03/2512014 B30WO2651 2300 Gaps between Walls, ceilings, crown moldings, and other interior trim cars be filled with the appropriate caulk after priming the surface. The information and recommendations set forth in this Product Data Sheet are based upon tests con- ducted by or on behalf of The Sherwin-Williams Corn- pany. Such information and recommendations set forth herein are subject to change and pertain to the product offered at the time of publication. Consult your Sherwin-Williams representative to obtain the MoFt Tecerrl PrMuc� Vlta stleet. v , e1 COVER A " iARTN GREENGUARD PRODUCT • LOW CERTIFIED EMISSIONS SHERWIN lJLasla Zero VOC UL xais GOLD Interior Latex I As of 0wolt 01 co"Ijius will]: Flat OTC Y LEEDS'090 Yes A MO Yes LEED "r09 Y Yes CARB Y LE B30 -4600 Series E .,r CARB SCM 2007 Yes LEED H ond S Y MR # NGBS Yes CHARACTERISTICS SPECIFICATIONS SURFACE PREPARATION ProMar 400 Zero VOC Interior Latex is Block WARNING! Removal of old paint by a durable, professional quality, interior 1 ct. Loxon Block Surfacer' sanding, scraping or other means may vinyl acrylic finish for use on walls, ceil- 2 cis. ProMar 400 Zero VOC Interior generate dust or fumes that contain lead, ings, and trim of primed plaster, wall- Latex Exposure to lead dust or fumes may board, wood, masonry, and primed metal. cause brain damage or other adverse Dr all health effects, especially in children or Color: Most colors 1 ct. ProMar 400 Zero VOC Primer pregnant women. Controlling exposure to To optimize hide and color development. always use lead or other hazardous substances re- the recommended P -Shade primer 2 cis. ProMar 400 Zero VOC Interior Coverage: 350 - 400 sq ft/gal Latex quires the use of proper protective equip- mils dry ment, such as a properly fitted respirator @ 4 mils wet; 00 Drying Time, @ 77 °F, 50% RH: Plaster (NIOSH approved) and proper contain Touch: 1 hour 1 ct. Premium Wall & Wood Primer ment and cleanup. For more information, Recoat: 4 hours 2 cis. ProMar 400 Zero VOC Interior call the National Lead Information Center Drying and retool limes are temperature, humidity, Latex at 1 -800- 424 -LEAD (in US) or contact and film ihicknessdependent your local health authority. Finish: 0 -5 units @ B5° Flash Point: NIA Masonry Remove all surface contamination by Tinting with CCE only; 1 ct. Loxon Concrete & Masonry washing with an appropriate cleaner, Base oz/gal Strength Primer' rinse thoroughly and allow to dry, Existing Extra White 0 -5 i00% 2 cts. ProMar 400 Zero VOC Interior peeled or checked paint should be Deep Base 4 -12 100% Latex scraped and sanded to a sound surface. Vehicle Type: Vinyl Acrylic Glossy surfaces should be sanded dull, B30WO4651 Wood Stains from water, smoke, ink, pencil, VOC (less exempt solvents): 1 ct. Premium Wall & Wood Primer` grease, etc, should be sealed with the <50 g /L; 0.42 Iblgal 2 cts. ProMar 400 Zero VOC Interior appropriate primer /sealer. As per 40 CF R 59.406 and SOR12009 -264, s.12 Latex Volume Solids: 29 ± 2% Drywall Weight Solids: 48 f 2% • These primers contain relatively low Fill cracks and holes with patching pastel Weight per Gallon: 11.3 lb amounts of VOCs. but could result in spackle and sand smooth. Joint com- WVP Perms (US) 25.5 minor, noticeable odors, pounds must be cured and sanded grains /(hr 11 in Hg) smooth. Remove all sanding dust. Other primers may be appropriate. Masonry, Concrete, Cement, Block When repainting involves a drastic color All new surfaces must be cured according change, a coat of primer will improve the to the supplier's recommendations — hiding performance of the topcoat color. usually about 30 days, Remove all form release and curing agents. Rough sur- faces can be filled to provide a smooth surface. If painting cannot wait 30 days, allow the surface to cure 7 days and prime the surface with Loxon Concrete & Masonry Primer. 7%2013 www.sherwin- Miliams.com continued on back 101-90 rovalf ME PROMAR 400 SHERWIN Zero VOC WILLIAMS. Interior Latex Flat B30-4600 Series SURFACE PREPARATION APPLICATION CAurlQNS Plaster Apply at temperatures above 50 °F. For interior use only. Bare plaster must be cured and hard. No reduction needed. Protect from freezing. Textured, soft, porous, or powdery plaster Brush Non-photochemically reactive. should be treated with a solution of 1 pint Use a nylon/polyester brush. CAUTION contains CRYSTALLINE SILICA. Use onl household vinegar to 1 gallon of water. Roller y with adequate ventilation. To avoid overexposure, Repeat until the surface is hard, rinse Use a 3/8" - 314" nap synthetic cover. open windows and doors or use other means to with clear water and allow to dry. Spray—Airless ensure fresh air entry during application and drying. if you expeirlence eye watering, headaches, w dizzi- Wood Pressure ......... ............... __. 2000 psi ness, increase fresh air, or wear respiratory protec- T1p.____ ... .................... .017"-.021 tion (NIOSH approved) or leave the area, Adequate Sand any exposed wood to a fresh sur- ventilation required when sanding or abrading the Face. Patch all holes and irnpedeCtiDns dried film. If adequate ventilation cannot be provided with a wood filler or putty and sand CLEANUP INFORMATION wear an approved particulate respirator (NIOSH approved}, Follow respirator manufacturer's direc- smooth. tions for respirator use. Avoid contact with eyes and Clean spills, spatters, hands and tools skirr. Wash hands after using. Keep container closed Mildew immediately after use with soap and when not in use. Do not transfer contents to other Remove before painting by washing with warm water, After cleaning, flush Spray containers for storage. FIRST AID: In case of eye contact, flush thoroughly with large amounts of water. a solution of I part liquid bleach and 3 equipment with mineral spirits to prevent Get medical attention if irritation persists. if swal- parts water. Apply the solution and sc ru b rusting of the equipment. Follow manu- towed, call Poison Control Center, hospital emer- the mildewed area. Allow the solution to facturer's safety recommendations when gency room, or physician immediately. DELAYED EFFECTS FROM LONG TERM OVEREXPOSURE. remain on the surface for 10 minutes. using mineral spirits. Abrading or sanding of the dry film may release crys- Rinse thoroughly with water and allow the zalline silica which has been shown to cause lung surface to dry before painting. Wear pro- damage and cancer under long term exposure. tective eyewear, waterproof gloves, and WARNING: This product contains chemicals known to the State Of California to cause cancer and birth protective clothing. Quickly wash off any defects or other reproductive harm. DO NOT TAKE of the mixture that comes in contact with INTERNALLY. KEEP OUT OF THE REACH OF your skin. Do not add detergents or am- CHILOREN, monia to the bleach/water solution. HOTW 03/2542013 630wod651 1000 Caulking Gaps between walls, ceilings, crown moldings, and other interior trim can be filled with the appropriate caulk after priming the surface. The information and recommendations set forth in this Product Data Sheet are based upon tests con- ducted by or on behalf of The Sherwin - Williams Corti - parry. Such information and recommendations set forth herein are subject to change and pertain to the product offered at the time of publication. Consull your Sherwin-Williams representative to obtain the most recent Product Data Shee, Oc t r yaw a 1 w, 3 { 4 w� ` 44 �,2 f i t f � � 4 � 8 1� o r 3 r t . s i i i e lm .� �Se eOokieS to Mai e Sure You Cgeti the best e xpf�rience on our w Pbs te. If VOU csanunue w,tharut changing your sett�n gs, you re aeeu7g tc, receive al? cookies rin the 'KVA wabsite. Search ( ; V i e ,W MOde irn ages �n NUMER Countertop, beech s a� $129.00 Article Number: 206.578.S4 tr Clink here for zoom 25-year L°trnited Warranty, Head about the terms in the Limited Warranty brochure. size 73 1'4x29 sESxr atz Coordinating Products I Buy at your local store Choosy • Ok ti, ",eC tjon rnaV vafy o$�S Orrce.S r3,Sy c# frCr� rhose nrrhac, Assembly instructions & manuals Services Coordinating Products Pruduct informatrun More Countertops f FASTBO FASTOD FIXA LAMPLIG wall panel wall panel diffusion harrier chopping board $14.99 $14.99 $6.99 $9.99 Need FW p Me lKEA store Tfis is WEA WaddrAgattive WEA Gnmp CoMaki us. Rod ta IKEA Ston The MEA C acepk m ar h ca re-e rs FAQ DTAFC.Pod NP-p-staurant Dp ri Lk, EXi, Relmm PONCY IKEA Du -t* l e s ty About the IKEA Gri-wo Chkren ; Produd, I Kf- A CwfF Card Pe, Vigil. & Pla ncl Press R,)rm AN lkl' A E'��rvces Read ow Ma�eriatL, &*ng Gk-ide," IKL-Arbuxidakm Defive Temy, & Comdbcm, Judy Mollica Cell 561.309.1656 4400 N Ocean Blvd #4 FAInne 561.265,53185 Gulf `n'lrea n. Florida 33483 SUMMARY Real estate sales career highlighted by outstanding personal production with branded developments Accomplished in cross-functional disciplines including relationship sales mastery, marketing, strategic planning and administrative organization Formulated successful start-ups with sales comparative analysis, unique selling proposition, and planned sales presentation Extensive experience and sales skills combining enthusiasm with product knowledge and a planned presentation Consistent sales and volume leader of high-end properties earning the confidence and trust to steward affluent, sophisticated clients through complex transactions SALES HISTORY The Corcoran Group 2010-2014 Real Estate Sales focusing on high end properties as well as First time home buyers Luxury Real Estate Group, International 2006-2009 ,o- Joined start up real estate fi rm focusing on high end properties Listings leader )o Onsite broker for new developments in Jupiter: Tierra del Sol and Waterpointe; devised marketing and broker programs, Planned and implemented broker and public launch; hired and trained staff The Ritz-Carlton Golf Club & Spa, Jupiter (L.L.P. of Marriott International & Jack Nicklaus) 2002-2005 Sales Executive- Licensed salesperson — Jupiter, Florida Promoted to sales executive for private golf club offering multi-mil lion dollar Estate Homes, Luxury Fractionals, golf & spa memberships Achieved consistent sales production leadership in The Ritz-Carlton sales organization, Received "Outstanding Sales Executive Award" — 2003 & 2004, Sales Volume The Ritz-Carlton Golf Club & Spa, Jupiter (L.L.P. of Marriott International & Jack Nicklaus) Marketing Coordinator —Jupiter, Florida 2001-2002 Developed position for maximizing performance of Sales Executives in managing prospect contacts Drafted client sales correspondence adopted throughout The Ritz-Carlton Clubs Devised and implemented systematic sales follow-up procedures and protocols ERA Daniel & Wohlwender-Longwood, Florida 1990-2001 Sales Associate Perennial top producer in a 30 agent office focusing on luxury, single family home sales in Orlando, Florida. Developed and managed all personal sales & marketing programs Consistently met or exceeded company performance objectives Calico Jacks, Orlando, Florida 1986-1990 Director of Marketing and Promotions Devised and implemented all marketing and public relations programs for high volume restaurants and nightclubs established in several major markets in Florida EDUCATION Seminole Community College — Sanford, Florida A.A. degree, General Studies University of Central Florida — Oviedo, Florida Matriculated toward B.A_ Psychology Barbara Aloyse Heiss OBJECTIVE Real Estate Services EXPERTISE Property & Project Management Interior Design & Construction Consultant Real Estate EXPERIENCE Professional Designer / Real E state Development / Realtor B&T Land Company Devehyper Frontenar, MO 2003-2005 Attached Housing Project, Co-Owner Conceptual Development with Architects and Engineers, Contract Administration with Lawyers, acted as both Bnver and Seller Zoning and Ordinance with Lawyers and Alderman, accomplished zoning change Edward L. Bakewell, Inc. Realtor CIETton, MO 2004-2007 Keller Williams Realtor Austin, TX 2007-2009 Collins Est Realty Realtor Boca Raton, FL 2011-2014 Ocean East Properties Realtor Boynton Beach, FL 2014 to date Aloyse Design, LLC Seniot-Dewgner St. Louis, MO 2000-2007 Commercial and private residence design and consulting for all phases and aspects of' projects: Real Estate, architecture, contract negotiations, facilitating vendors, all as- pects of F`F&E and OS&E, Construction Consulting, Job site coordination & supervi- sion, Major achievements: use Stadium for the Louis Redevelopment Corporation Commercial, HospitaliV & Exclusive Residences for High Profile Clients EDUCATION Bennett College, AAS Pace University New York, NY NationalCouncil for Interior Design Qualifications INCIDQ#015713 INTERESTS Golfing &Fishing personal & professional recommendations upon request S 561.699.9077 Jobs to be created and filled by can East Properties There is an immediate need for 2 full time employees with one more full time employee to be added after I month from opening business and one full time employee to be added after 6 months from opening business. Jobs to be created: Licensed Real Estate Broker- Licensed Real Estate Associate After one month I more Licensed Real Estate Associate After maximum of 6 months: Secretary/Receptionist Licensed Real Estate Broker- Job Description oversee all aspects of business including, contract supervision, bookkeeping, escrow accounts maintenance, schedule showings, schedule listing appointments, created and oversee marketing plan. Trouble shoot any problems that may arise with agents, customers and clients. fay Range-This is a commission based position that will pay approximately $45,000 annually for the first year. Weekly Schedule-Monday through Friday 10:00 am-6:00 pm. Occasional weekend and evenings may be required for client appointments. Licensed Real Estate Associate- Job Description Show prospective buyers real estate opportunities, Schedule appointments for listing presentations to offer sellers services to sell their home. Follow up on leads provided. Remain Real Estate experts in the areas of. y each and surrounding cities. Farm neighborhoods to identi:fy prospective clients. Pay Range- This is a commissioned based position that will pay $40,000 annually. Week!X,�chedule-Monday through Friday 10 am — 6 pm. Occasional weekend and evenings may be required for client appointments. Secretary/Receptionist- Job D t i reet guests and answer incoming calls. Track contract deadlines and maintain client files. Support licensed Real Estate Brokers and Associates. a Ran e Hourly rate of $14.00 per cur® Forty Hour Work week from 9:30 am 530 pm. � - AY N Q a w B E A C7 CRA BOARD MEETING OF: August 12, 2014 it Agenda I w Old Business I I New Business I I Legal Other SUBJECT: Approval of Commercial Rent Reimbursement Grant to Oceano Properties, Inc. d/b /a Ocean East Properties. SUMMARY The Commercial Rent Reimbursement Grant Application and Guidelines provide eligible new or existing businesses with rent payment assistance for a maximum period of twelve months within the first eighteen months of a multi -year lease. Oceano Properties, Inc. d/b /a Ocean East Properties entered into a Lease on August 1, 2014 as a real estate office located at 640 East Ocean Avenue, Ste. #10, Boynton Beach, FL 33435. Oceano Properties, Inc. d/b /a Ocean East Properties falls under the terms of a Tier 2 business (as outlined in the grant application). If approved, the applicant is entitled to a maximum of $500.00 per month for a 12 month period. The maximum total reimbursement per business is $6,000.00. The applicant meets the eligibility requirements under program guidelines. The Rent Reimbursement Grant is reimbursable on a quarterly basis. If the applicant does not meet all of the requirements for reimbursement (during any given quarter) they do not receive reimbursement for that quarter. FISCAL IMPACT: Project Fund Line Item 02- 58400- 4401444 CRA PLAN, PROGRAM OR PROJECT: 2008 CRA Economic Development Plan RECOMMENDATIONS: Approve the Rent Reimbursement Grant for Oceano Properties, Inc. d/b /a Ocean East Properties not to exceed $6,000.00. Michael Simon Assistant Director July 30, 2014 Boynton Beach Community Redevelopment Agency 710 N Federal Highway Boynton Beach, FL 33435 Dear CRA Members, Enclosed please find my application for the Commercial Rent Reimbursement Program for your review and your approval. I am thrilled at the opportunity to open a new business in Boynton Beach and with this program feel that I have partnership with the city and not just a location. I remain confident that the enterprise will succeed financially providing profits to the company, and tax revenues and job growth for Boynton Beach. It is the first year assistance program grants that confirmed my commitment to open my own business. This is a dream come true and I thank the CRA board members for this opportunity. Thank you for your continued courtesy and support. Very truly yours, Y dyy Mollica -1 6 Barbara Heiss BOYNTO 6"BE C CRA October 1, 2013 — September 30, 2014 Soylv" Boynton Beach Community Redevelopment Agency C/1 C/?4 Commercial Rent Reimbursement Program Rules and Requirements SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is ft responsIbility of the applicant Program's All proposed eoderior Improvements using The CRA Board may make recommendations for exterior improvements based! upon the CRA Design Guidelines. The Commercial Rent Reimbursement Program I establishment i in t Redevelopment Boynton Beach Community " 1 designed to provide financial i i i ng businesses in the form of rent reimbursement I I first year of operation in r to 1 1 y promote new businesses vAthin thereby conditions i to l blight. . ELOQLram The Commercial Rent Reimbursement Program affers financial assistance in quarterly rent reimbursement. time ll I ili from issuance of the City of Boynton Commercial The t Reimbursement Program funding annually CRA Board t rst-come, first-serve basis. All applications approval. CRA Board Making application to r is i. Il. ii i "t Reguirements Applicants t all of the folloviring requirements in r to be considered iii I receive gr i s 1. full time I r fti r it time I I ovee is'd0ned as working a minimum weeK at the ill ng Federal minMUM Page r° 1 Of 11 N . Fadval lEemy Boynton BeRd, FL 3 Pbone 1-737-325 561-737-3259 2. Must be located within the CRA District . provide 3. Must t the business i levels of government and professional associations licenses or i Il i r (Copies i business is in less than six months or relocating 5. An existing business Is defined as being in operation for a minimum the fi ti . existing Verification current square footage size. this r in the application . 7. The Applicant's report must reflect an acceptable level of financial stability, i n the sole discretion eligibility i A copy of the consumer report will 8. Applicant multi-year r minimum). ® Subletting of the property by grant recipient .d is i bited. Violation will t of CRA grant funding. it Is not lis 21012—nt,RXner, car or director of said The follomAng i l t businesses i ineligible for assistance under the Commercial t Reimbursement * Firearm Sales * Convenience Stores Religious iii ! Stores * Churches Non Profits Tattoo Shops/Body Piercing /Body Art Shops Financial Services (banking i stores) Take-Out Foods Entertainment Adult Liquor Stores of 1 710 N. FadaW lEghway Boynton Beack FL 33435 Phone 561-737-3256 Fax 561-737-3258 IV. rant erms and G This is into l tier i t types of businesses that are eligible t of funding available ! minimum I time employees is it ed regardless of which tier a business falls into. Tier One Businesses Tier One Businesses are I° i for up to half of the business's whichever is less. ( ! tt Is . Tier One Businesses must be one of the following businesses: Restaurant Gourmet Food Market Bakery Clothing Boutique clothing, Home i - home furnishings, galleries, Businesses Specialty - stationery, gifts. I I care - PlIates/yoga studios, I Tier Two Businesses Tier Two Businesses i i or per rnonth, whichever is I t of the grant ' .) Tier Two Businesses other may consist of any lilt e business not listed in it One above. Lease Terms Applicant t be a tenant and have a proposed or executed multi-year ! minimum). The commercial i landlord-tenant rlti i t minimum v i r . description of the space i rented including t footage drawing . Description til' i are the t' s responsibility. Rental rate and deposits along terms of lease and methodology for future nt increases. Responsible for i t ri r and exterior repairs and/or i t. requirements. insurance Ability r I . Consequences of default on the lease. Paw 3 of rl 710 Boyntm Sawh, FL 33435 Phmc 561-737-3256 561-737-3258 Rent reimbursements I not be paid until all construction has ended, City and County licenses are obtained in t' . The CRA will issue reimbursement on a quarterly basis directly applicant for the monthly # payment made to the Landlord i t that has been the payment cleared the . The responsibility r all rental payments is i the lease, as such the tenant and the landlord. grantor, r accepts responsibUity for payment of rent at any time, nor penalties incurred arrival of Commercial payments by any party. The i l time spe,cific business entity or business owner. The CRA reserves the right to r deny any Commerciail Rent Reimbursement Program application to i in isole and absolute discretion I All not advance the goals objeolves established 1 the CRA District. The receipt of past payments Is not a guarantee of future payments. V. Prom gyrej for Aonlicat and Appillcaflon ll li t l order t i eligibility before submitting application. ! requests will considered it all required documentation is submitted to the CRA office. Application include I .4. A nonrefundable fee of $100.00 is it to l report business i of the business. Completed Boynton Beach CRA i gned application. signed y-3. Completed and tr` for the r and each i t i (forms attached to _ multiple forms may be needed for principal/owners of the business). W9 Form (affachad to r ant application). V5. Copy of City and County business licenses, • Resume for r of the business. k ,7. Copy of the corporate r the applying 'r VIS. Copy of executed or proposed multi-year commercial lease agreement. corporate returns (for exisfing i I. 1,40. I tax returns for the i t of a new business. Page 4 of I I 710N. Federal ifighway Phmw 561- 737 -3254 fti $61-737-3258 List of jobs to be created and filled including i , pay range and schedule, weeldy i positions descriptions, including job pay range and weekly 12. If an existing business, i is i within CRA District, ' cunrent square footage size. Verification t be provided. acceptable. Floor plans outlining square footage of each location are Approval at Funding Request Once eligibility Is vefffied and all reqi .I present the B Board Applicant second Tuesday of each month. °I it application will be presented to the CRA Board. It is that the applicant the CRA Board Meeting in regarding it will i l or denial i i i . i t r I t award is terminated. V11. PEMeAunm for Reimbursement Quarterly Rent Reimbursement Payments Rent reimbursement payments vAll to i# on a quarterly basis beginning r is to approval. A maximum of twelve rent payments will be reimbursed to the approved applicant. By accepting the grant, the applicant to i reporting requirement r vi i reporting for four consecutive quarters. Each report shall be made within t en (10) days of &m start of the next applicabl beginning d April l: July 1. and October 3 following the Initial Reimbursement In order to receive quarterly rent reimbursement the grant appli it the fbilovving 1. Written request for reimbursement 2. Proof of rent payment (1,e., copies of the front & back of cancelled for quarter's that i or proof of direct deposit). 3. For W-2 eligible employees, i ' Report (RT-6) for each consecutive quarter must be submitted. Pap 3 of 11 710 N. FedmW Hi&my Boptcn Be&* FL 33435 561-737-3256 Fox 561-737-3259 or For sole prooetorships, partnerships, i -MISC eligible employees, copies deposits i ll time equivalent r each month within t specific quarter. CT tl i to uss a lica she visits CRA staff l conduct a sle visit in r to verify that the business is in l so conduct unannounced site visitsperiodically In order to i' ance with the terms of the r t Discontinuatton of Payment The receipt t payments is t t future t to i i reimbursement t any time i to its ! absolute dimetion. SUBMISSION t is the responsibility applicant Rules/Requirements t $ In Page 6 of 11 71 N. FedmW Highway 33435 Phom 561-737-3256 561-737-3258 'ZI BOYNT10" N A I EACH. AMM CRA October 1, 2013 - September 30, 2014 Boynton Beach Community Redevelopment Agency Commercial Rent Reimbursement Program Application (Please Type or Print Only - Use Additional Shoots ff Necessary) 8 - INFPIRMATION: Business Name (D/B/A if appl4ble) ! i 4� Current Business Address- V V Fed Fax. j- Webslte Existing Business. Yes No Number of years in existence' New Business to Boynton Beach Yes V - No Time at Current Locatbn, sw Do you have an executed lease agreement- Yes No If so, monthly rent: 3 New Business Address (m = t be within CRA Dlstrict): f &zRJ-17 Square footage of existing location Sq uare footage of new location -Z Type of ref Employees: Hours of Operation: 36 - 520 k jp Page 7 of 11 714 N. Fedmi Hishway RMtca Beach, FL 33435 Phone 561-737-3256 Fax 561-737-3258 I ? PRINCIPAUM—NER INFORM6IDIft 1. Prindpal/Owner Name:_ - OP M611" ro Date of Birth i Current Addr Email. i ft ELM'r L-MA- 2. lorind Pal/Owner Name 1�or ' burn Date of Birttv Current Address Ernall"' 1 '1 11K 011 Phone *7 C 3- PrincipaVOwner Name: Date of Birth Cun'ent Address: . ....... . . . .................................... ...... . ................. . N. - - - - -------------- - ............... 4. PjincipallOwner Date of Birth: Current Address" Email: -.--,. Phone M. LANPIOEQ INEK)SM&TION. n Landlord Name: I Kidu 1 OAA Ae�u UUJU Landlord's Mallirkwg Add ss Landlord Phone C Are you applying for grant assistance under any other program offered by the CRA (Tier One Businesses ordy): Yes No If yes, what additional programs are you applying for: Are you receiving grant assistance from any other governmental agencies: Yes Nq It yes, list any additional grant sources end amounts: CERTIFICATION I D WAIVER 0 1. the undersigned. applicant(s) certffy that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under Page 8 of 1 1 710 M FedeW Ilighmy Boynton B=14 FL 33435 Phone 561-737-3256 Fox 561-737-3259 Community the Boynton UeaW I I Rent Reimbumement , and it is true and complete to t of the appl icangs) I' I° t( ) further certifies that helshe Is r that penalized n and/or imprisonment for making false information. 1 understand ftt this application n# mistance. Shou l'r ti approved understand tha the CRA may a t ' l e disczation discontinue t reimbursement payments at any time ff In its sole and absofute i t[ n it feels such assistance no longer meets the r[t or is r benefiting the f the CRA mission. I hereby waive under the privacy confidentiality i t to Agency, the Boynton Beach Community Redevelopment Its agents exam confiden i [ I n herein, I further grant permission, any I or other pub or private agency to disclose information deemed necessary to compl this ! . I glVe permission to r its agents to take photos of myself and business to be used to promote the program. 1 understand that N th li tin and the information furn ished in r found to be incomplete, A will not be processed. SUBMISS ! It is responsibi of the applicant to READ AND UNDERSTAND al! mWects of the Gr ant Program f ! r` . I I t _rInt I SZ)�4 1 - ------ - ------- rirt N a me it P ri nc ipal/Owner' s Si t r _._._ .._.......... t .�. ................ °.. �... ring....._ .......... ____ ... .._�....... _.. Pr incipal/Owner' s m i nature ._.. Date Printed Name Title Paw 9 if 7 Boynton Bawk FL s Phme 561 -737- 3256 Fax 561-737-32 Notary as to Pr Mul tiple signing i l , administer STATE OF COUNTY OF BEFORE ME, an officer duly authorized by low to personal t- who Ware personally known tD °r °" r produced as Identification, A greemen t for the use and purposes mentioned In It and that the instrument is his/her act and deed. IN C @ i have set my hand and offl ' in the State and County aforesaid on this �_.. day of ► NOTARY PUBLIC My Comm ission it �`►�;•:�;� CARL � CA�IO * * W COMMISSION M 174934 EXPIRES: RbMmy 26, Pop 10 of lI 7 1 N. Fedual Highway 33 Phone 2- 737 -3 256 Fox 561- SUBMISSION OF AN APPUCATION IS NOT A GUARANTEE OF FUNDING it is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's RuleaRequirements and Applicati1on. � nature Date La lord's S ig A-V Printed Name Title Landlord's Signature Date Printed Name Title STATE OF COUNTY OF eacA, BEFORE ® an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared d e V who islare personally known to me or produced as fdentiff cation, and acknowledged he/she execut�d — theforegoing Agree for the use and purposes mentioned In it and that the instrument is hWher act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal M the State and County aforesaid on this day of "k JACQUELINE A LACKEY NOTARY PUBLIC y Css Es: Nola,y Pblj, - State 01 Florida m ommi ion xpire y Comm. Expiret Dee 16, 2016 �. * " °6 01¢ a Cm omi EE 658615 ssion # Page 11 of 11 710 N. Fedeivil Highway Boyntm Bev* FL 33435 Phone 561-737-3256 Fax 561-737-3258 Application has been rnade to the city of Boynton Beach for occupational License for Ocean East Properties, for Judy Mollice Broker and for Barbara Heiss Realtor. Receipt is attached. Upon approval from city, and after satisfactory inspection of business premises, city and county license can be obtained. QrY OF BOYNTON BEACH 100 E. BOYNTON BEACH 8L BOYNTON BEACH FL 33435 V 25'2014 1531 "F, ddb 00000000 )600601 T I D 05482176 1094177300 CREDIT CARD AMEX SALE ,'ARD a XXXXXXXXXXX2008 NVOICE 0001 000031 5230 lode: 01 KE AMOUNT $99.26 CUSTOMER COPY fFtBl s' r F { V 1 as , as t tf 'I ��,�4 r � �, a r YI i U h r i Mxl r C EAN wF , � F { K i 1 } I \1X�) �} �1 #tc t�l ���� 1'� {stlt �t }lii } { }ri 3 f r Q'7f t i l} }�}1� {str s : v s s f Srt ISS��s=rrs2} } si1t1 tt{ st S s -4} qs 4tY.; s� ;� { h 1A WM T6 i.. 1`r'lo \i , NOW 14L�onkinvs,! Mai If you would Tike to be a part of the O cean P laza m e new redevelopm o nt-o n I B oynton Beach, now is the timer Boynton Beach CRA grant incentives may be available �i r We have a fear spaces remaining at 700 s f 1830 sf perfect for a fitness stud 1 420 s f Upscale o ffice space � j�, iJa1U!.lt��t r�7st `•.` 4 \v ,,, r \ n 1�! "�OJJJJiI fit � � Uer Olvne / B rok er phone: 561-j'z ) 2-4553 640 E Ocean .orse 4 . Oz. X' 6l V-9 G X 9L Z9 E9 L Z9 L CTL C'S .9 L cr cr X— u cr U2 en Tal LO .0 0 M, = -IZ i I co CD 0 r. Covered Walk Way LU w tr r. ai cr cn > 0 cj z t L6 S ti E r CD r. Cry D tr LU cq L) ; e CD CD 1 L x,x, OCEAN PLAZA LEASE INDEX ARTICLE PAGE Basic Lease Provisions 2 Rent 3 Construction of Leased Premises 7 IV Conduct of Business by Tenant 7 V Security Deposit 8 VI Signs, Merchandise Display, Alterations and Liens 9 VII Repairs, Maintenance and Access by Landlord 10 Vill Indemnity and Exculpation: Insurance 12 Ix Quiet enjoyment 13 X Assignment and Subletting 13 XI Utilities 14 X11 Default 15 X11 Waiver and Estoppel 17 XIV Affornment and Subrogation 17 XV Condemnation 18 XVI Miscellaneous 18 XV11 Environmental 20 OCEAN PLAZA LEASE AGREEMENT THIS LEASE, dated this 16 day of July 2014 by and between High Ridge Properties, LL C (the "Landlord"), whose address is 640 East Ocean Avenue, Suite 1 Beach, FL 33435, and Judy Mollica, individually, whose address is 4400 N. Ocean Blvd. #4, Gulfstream, FIL 33483 and Barbara Hiss, individually, whose address is 455 NE 5th Avenue "Ei" 176, Delray Beach, FL 33483 and Oceano Realty Inc. (the 'Tenants). ARTICLE I — BASIC LEASE PROVISIONS WITNESSETH: Section 1.01 Leased Premises (A) In consideration of the rents, covenants, conditions and agreements hereafter reserved and contained on the part of the Tenant to bease e and performed, the Landlord demises and lets to the tenant, and Tenant rents from the Landlord, those certain premises now existing or hereafter to be erected in Ocean Plaza, 640 East Ocean Avenue, Boynton Beach, FL 33435 and mores eci c lly described as Unit 10. (B) The premises extend to the exterior faces of all exterior walls and to the center line (C/L) of walls separating the premises in the same building (complex) not demised under this lease. (C) Together with the appurtenances specifically granted in this lease, including the non- exclusive use in common with others of the Common Areas as herein more fully provided, but reserving and excepting to the Landlord (i) the use of (a) the exterior faces of the exterior walls, (b) the roof, (c) the lower surface of the floor slab of any higher floor, and (ii) the right to install, maintain, use, repair and replace pipes, ducts, conduits and wires leading through the premises in locations which will not materially interfere with Tenant's use thereof, and serving other parts of the building (complex) containing the dernised premises. Section 1.02 Length of Term The to of this lease shall be for 2 (two) years ana zero montns- Tenant shall have the option to renew for an additional 2 (two) year term at a monthly rental amount described in Article 11, Section 2,01 below, with the same terms and conditions of this lease. In order to exercise the option to renew, tenant must give the landlord written notice of its intent to exercise the option no later than 60 days prior to the expiration of the initial lease term to Landlord via Certified Mail, Return Receipt Requested. Landlord may refuse to renew if any rent or other expenses payable by the Tenant is in arrears, or if Tenant is in violation of any covenant contained in this lease. Section 1.03 Commence of Term The term of this lease shall commence on August 1, 2014 and end on July 31, 2016. Unless sooner terminated. ARTICLE Il mm RENT Section 2.01 -Fixed Minimum Annual Rent Tenant agrees to pay to Landlord throughout the full term of this lease, without demand, set-off or deduction, as hereinafter set forth an annual guaranteed minimum (base rent) of $11,199.96 payable in equal monthly installments (the "Basic Monthly Rent') of $933.33 plus sales taxes payable in advance on the first (1 s `) day of each calendar month of the first year, beginning August 1, 2014 and ending July 31, 2015 the annual (base rent) amount shall increase to 311,535.96 parable in equal monthly installments of $961.33, plus sales tax payable in advance on the first (1 day of each calendar month of the term, beginning August 1, 2015 and ending July 31, 2016. Rent shall be increased annually by 3 (three) %. Said increases shall apply to each year and of each year of the renewal term. All rent payments shall be paid to the Landlord at 640 East Ocean Avenue, Suite 18, Boynton Beach, FL 33435 (payable to High Ridge Properties, LLC), or at such other place Landlord may from time to time designate in writing. Tenant agrees to pay to Landlord each installment of base rental in advance on the first day of each month of the terra with the rent for the first month last month and the security deposit to be paid upon the execution of this lease. Any change in the amount of the Monthly Rent shall carry with it a corresponding recomputation of sales tax. In the event Tenant fails to pay when due the Monthly Rent or any other amount payable by Tenant hereunder, within 7 days of its due date, Landlord shall be entitled to receive and Tenant shall pay a 10.0% penalty plus interest on such unpaid amount, from the date such payment was due, at the rate of 18.0% per annum. In the event tenant is late more than three times in any calendar year, landlord shall have the right to terminate this lease. Section 2.02 Lease Year The term "lease year" as used herein shall mean consecutive twelve -month periods. Section 2.03 Taxes (A) Tenant agrees to pay to Landlord any sales or use tax or excise tax imposed or levied against rent or any other charge or payment required hereunder to be made by Tenant which has been imposed or may be levied by any governmental agency having jurisdiction there over. (B) Tenant shall pay as additional rent hereunder, during the original term hereof and any extension thereof, a pro rata share of all ad valorem and real estate taxes levied or assessed against, and of all assessments for public improvements benefiting the site containing the demised premises, upon receipt of each tax bill (disregarding any discounts or penalties) for any tax or assessment against the property, Landlord shall advise Tenant in writing of the amount of such tax or assessment, and Tenant's pro rata portion there of payable by Tenant to Landlord, and Tenant shall pay such portion to Landlord together with and as a part of the monthly installment of BMR next becoming due. If the term of this lease does not commence on the first day of the calendar year and end on the last day of a calendar year, Tenant's share of any such tax or assessment for the year in which the lease term commences shall be prorated from the Commencement Date, and the Tenant's share of any such tax or assessment for the year in which the tease term ends shall be prorated to the date upon which the lease term ends_ Reasonable expenses incurred by Landlord in obtaining or attempting to obtain a reduction of any 3 real estate taxes shall be added to and included in the amount of such real estate taxes. Such taxes as are being contested by Landlord shall nevertheless be included for purposes of the computation of the liability of the Tenant, provided however that in the event that Tenant shall have paid any amount of additional rent pursuant to this section and the Landlord shall thereafter receive a refund of any portion of any real estate taxes on which such payment shall have been based, Landlord shall pay to Tenant, Tenant's proportionate share of such refund within 30 days of Landlord receiving a refund and Landlord shall have no obligation to contest, object or litigate the levying or imposition of any real estate taxes and may settle, compromise, consent to, waive or otherwise determine in its sole discretion any real estate taxes without consent or approval of Tenant. Section 2.04 Insurance Premiums During the original term and any extensions or renewals thereot, I enant Shall pay to Landlord, as additional rent hereunder, Tenant's proportionate share of all reasonable costs and expenses of Landlord, in maintaining insurance on the buildings and the land (including all improvements thereto) such as, but not limited to; fire and extended coverage, rent interruptions and such other insurance covering all hazards and perils included within customary "all risks" coverage, said insurance to be on a full value repair or replacement basis, as determined by Landlord; flood insurance, rent insurance and such other insurance as may be required by Landlord's mortgagee; comprehensive general liability in an amount to be determined by Landlord but not to less than $1,000,000-00 per occurrence. Tenant shall also pay to Landlord, in addition to and together with Tenants pro rata share of normal insurance costs and expenses, the entire amount of any extraordinary or additional premium for insurance occasioned by or resulting from Tenant's use of the premises. Section 2.05 Shopping Center Operating Costs During the original term and any extensions or renewals thereof, Tenant shall pay to Landlord, as additional rent, Tenant's pro rata share of all reasonable costs paid or incurred by Landlord in managing, operating, maintaining and repairing the buildings, and any addition thereto, and in managing, operating and maintaining the land, including without limitation, water, sewer, dumpster/refuse removal, parking areas, driveways, walkways, lighting, landscaping, irrigation, drainage, and security in the Ocean Plaza Shopping Center Complex. The Tenant's pro rata share of all costs and expenses plus sales tax referred to in this Article shall be as indicated in Section 2.06 below. Tenant shall pay to Landlord with each installment of Basic Monthly Rent, additional rent equal to 1112 of Tenants annual pro rata share of the estimated costs and expenses. Landlord may modify costs and expenses at its sole discretion quarterly during each calendar year on January V�, April 1", July 1"' and October 1 to reflect Landlord's experience and reasonably anticipated costs and the actual costs of such items in past quarters and, provided Landlord has given Tenant written notice at least five (5) days prior to the effective date, which shall be the first day of the quarter. Tenant shall pay its pro rata share monthly, beginning on the first day of such quarter, together with Basic Monthly Rent and sales tax. Section 2.06 Tenant's Pro rata or Proportionate Share Tenant and Landlord hereby agree that the gross leasable square footage of the premises is approximately 700 square feet and the gross leasable area of the building is 16,880 square feet. As used in this lease the term "Tenant's Pro Rata or Proportionate Share" shall mean current additional rent of JA.95 per square foot. Tenant shall initially pay to the landlord, together with the monthly rent installments, the sum estimated to be Tenant's pro rata share of the direct expenses and direct tax expenses, as 4 additional rent hereunder. Within sixty (60) days after the end of the lease term, Landlord shall furnish Tenant with a statement covering the term just expired, certified as correct by an authorized representative of the Landlord, showing the actual direct expenses and direct tax expenses and the amount of Tenanfs pro rata share of such expenses for such term and the payments made by Tenant with respect to such term- Such statement shall include true and correct copies of all bills evidencing such costs. If tenant's additional rental payable under this lease is greater or less than the total amounts actually billed to and paid by Tenant pursuant to the estimate during the year, a payment shall be made by Landlord or Tenant, whichever the case may be, within 20 days. Even though the term has expired or terminated and Tenant has vacated the premises when the final determination is made of Tenant's pro to share of direct expenses and direct tax expenses for the year in which this lease expires or terminates, Tenant shall immediately pay any increase due over the estimate, and, conversely, any overpayment made in the event such expenses decrease shall be immediately refunded by Landlord to Tenant. Section 2.07 Parking and Common Areas In addition to the demised premises, Tenant shall have the right to non-exclusive use of ail facilities furnished by Landlord in Ocean Plaza and designated for the general use, in common, with Landlord, other tenants, and the guests, employees and invitees of same, subject to the terms and conditions of this lease and to reasonable rules and regulations for the use thereof as prescribed from time to time by Landlord. The parking area shall be provided with adequate lighting and shall be maintained in good condition by Landlord, and Landlord shall have the right at any time to change or modify the design and layout of the parking area(s). The common areas shall be subject to the exclusive control and management of Landlord, who shall have the right to establish, modify, change and enforce from time to time rules and regulations with respect to the common areas so long as such rules are not discriminatory against Tenant; and Tenant agrees to abide and conform with such rules and regulations. Tenant further agrees that it and officers and employees will park their vehicles only in such areas as Landlord may from time to time designate for employee parking, which areas may be within or without the area adjacent to the demised premises. Tenant agrees that it will, within five (5) days after written request by Landlord, furnish to Landlord the state automobile license numbers assigned to its vehicles and those of its employees. Vehicles belonging to Tenant or Tenant's employees who violate a restriction to park in designated areas may be towed away by Landlord at the cost of Tenant or Landlord may charge Tenant a daily to of $10.00 per day for any such vehicle parked in the common areas other than the designated employee parking area. In the event that Landlord deems it necessary to prevent the acquisition of public rights in and to the site, Landlord may from time to time temporarily close portions of the common areas, and may erect private boundary markers to take such stems as deemed appropriate for that purpose- Such action shall not constitute or be considered an eviction or disturbance of Tenant's quiet possession of the premises. Neither the parking area nor any other part of the common areas shall be used by Tenant, or any agent ore ployee of Tenant, for any advertising, political campaigning or other similar use, including, without limitation, the dissemination of advertising or campaign leafl ets for flyers. Section 2.08 License All common areas and facilities not within the leased premises, which Tenant may be permitted to use and occupy, are to be used and occupied under a revocable license, and if such license were revoked, or if the amounts of such areas are diminished, Landlord shall not be subject to any liability nor shall Tenant be entitled to any compensation -of diminution or abatement of rent, nor shall such revocation or diminution of such areas be deemed con§tructive or actual eviction, 5 Section 2.09Addlitional Rent In order to give Landlord a lien of equal priority with Landlord's lien for rent, and for no other purpose, any and all sums of on or charges required to be paid by tenant under this lease, wNether or not the same be so designated, shall be considered "Additional Rent". If such amounts or charges are not paid at the time provided in this lease, they shall nevertheless, if not paid when due, be collectible as additional rent with the next installment of rent thereafter failing due hereunder, but nothing herein contained shall be deemed to suspend or delay the payment of any amount of money or charges as the same become due and payable hereunder, or limit any other remedy of the Landlord. ARTICLE III — CONSTRUCTION OF LEASED PREMISES Section 3.01 Landlord's Work and Tenant's Work Landlord agrees that it will supply, units 10 in "as is" condition. Landlord will deliver this space to Tenant with it conditioning unit in good working order. Thereafter, Tenant will maintain and service it conditioning unit at its expense. Tenant agrees, at its own cost and expense, to perform all other work. Section 3.02 Changes and Additions to Buildings Landlord hereby reserves the right at any time to build additional stores onto and/or perform alterations tot building an for site property in which the premises are contained, and to it adjoining the same. Landlord also reserves the right to construct other buildings of improvements, including, but not limited to, structures for motor vehicle parking, and Tenant agrees to cooperate with Landlord in permitting Landlord to accomplish such construction, if any, ARTICLE IV — CONDUCT OF BUSINESS BY TENANT Section 4.01 Use of Premises Tenant, its successors and assigns, shall use the premises exclusively for the purpose of operating a real estate office , and for no other uses or purpose whatsoever, and further agrees to conduct its business in the premises under t h e n ame of or trade name of Oceano Realty, Inc. and no other name except as may be first approved by Landlord in writing, which approval cannot be unreasonably withheld. Tenant will operate the leased premises and have the fully open and available for business during the usual business hours, a minimum of 40 hours weekly. During the time that Tenant is open for business, Tenant will provide adequate personnel and sales force to service the customers of the business; provided however if Tenant is unable to comply by reason of shortage of materials, strikes, acts of God, destruction of the premises by fire, or any other reason or cause beyond Tenant's control, financial inability of Tenant excepted, Tenant shall not be deemed to be in default under this lease. Section 4.02 Tenant ShaillShall Not Tenant shall comply with all laws, ordinances, rules and regulations of governmental authority respecting the use, operation and activities of the premises (including sidewalks, street approaches, drivei, entrances and other common areas serving the premises); maintain the show windows, if any, in a neat and clean condition and shall keep the walkways adjacent to the premises clean and free from rubbish. 6 Tenant shall not permit any unlawful, improper or offensive us of the premises, common areas, or such other areas, or any part thereof, nor permit any nuisance thereon; make any use of the premises which of make void or void able any policy of insurance covering the premises or common areas; burn any trash of any kind in or about the premises permit rubbish, refuse or garbage to accumulate; permit any fire or health hazard to exist, upon or about the premises; leave premises vacant or suffer or permit any waste or mistreatment thereof. ARTICLE V — SECURITY DEPOSIT Section 5.01 Amount of Deposit Tenant, contemporaneously with the execution of this lease, has deposited with Landlord, and Landlord hereby acknowledges receipt of $§33.33 if by check, subject to collection), which shall be held by Landlord, without accrual of interest, as security for the faithful performance by Tenant of all the terms of the lease. Said deposit shall not be mortgaged, assigned, transferred or encumbered by Tenant without the express prior written consent of Landlord, and any such act on the part of the Tenant shall be without force and effect and shall not be binding upon the Landlord. Section 5.02 Use and Return of Deposit If any of the rents herein reserved or any other sum payable by Tenant to Landlord hereunder shall be overdue or unpaid, or should Landlord make payments on behalf of the Tenant, or if Tenant shall fail to perform any of the terms of this lease, then Landlord, at its option and without prejudice to any other remedy which Landlord may have on account thereof, may appropriate and apply said entire deposit, or so much thereof as may be necessary to compensate Landlord, toward the payment of any rent or additional sum due hereunder or to any loss or damage sustained by Landlord due to such breach on the part of the Tenant; and Tenant shall forthwith upon demand restore said security deposit to the original sums deposited, Should Tenant comply with all of the terms and promptly pay all of the rentals and all other sums payable by Tenant to Landlord as they become due, said deposit shall be returned in full to Tenant at the end of the term. In the event of Bankruptcy or other creditor debt proceedings against tenant, the security deposit shall be deemed be first applied to the payment of rent and other charges due Landlord for all periods prior to the filing of such proceedings- ARTICLE V1 — SIGNS, MERCHANDISE DISPLAY, ALTERATIONS & LIENS Section 6.01 Signs Tenant shall not place or suffer to be placed or maintained upon any exterior door, roof, wall 'or window of the premises any sign, awning, canopy or advertising matter Or any thing of any kind, and will not place or maintain any freestanding standard within or upon the common area or the premises immediately adjacent thereto, without first obtaining Landlord's express prior written consent. Signage shall include a standard sign showing business hours. Tenant also agrees to maintain such sign, awning, canopy, decoration, lettering, advertising matter or other thing as may be approved by Landlord in good condition and repair at all times and to remove the same at the end of this lease, as and if requested by Landlord- Upon removal thereof, Tenant agrees to repair any damage caused by such installation and/or removal. Tenant shall provide Landlord with a copy of a bona fide contract for signage over his/her space, complying with Landlord's sign specifications and prior approval, within 60 days after the cornmencernent date of this lease or the effective date of any approved assignment of sub-lease requiring a change in sign e. Landlord agrees that all existing storefront signage is acceptable. 7 Section 6.02 Merchandise Display Tenant shall not have the right to display any merchandise in showcases or other installations on the exterior of the premises, nor shall Tenant maintain any laud speaker, voice making or other sound projection device in such a manner as to be audible to anyone outside of the premises. In addition, Landlord shall have the right to approve or disapprove any merchandise display, whether within or without the premises, which is visible from the exterior of the premises. Section 6.03 Alterations Tenant shall not make any alterations or addition to the premises, including the installation of air- conditioning, plumbing fixtures, or the installation of any floor covering, without Landlord's prior written consent. Any alteration or addition made shall remain on and be surrendered with the premises on expiration or termination of the lease, except the Landlord can elect within thirty (30) days before, or within ten (10) days after expiration or termination of the term of the lease, to require Tenant to remove any alterations or addition that Tenant or its assignor has made to the premises. If Landlord so elects, Tenant at its own cost shall restore the premises to the original condition of the space as it was at the time Tenant took position, before the last day of the term, or within thirty (30) days after notice of election is given, whichever is later. Section 6.04 Liens Tenant agrees that it will make full and prompt payment of all sums necessary to pay forte cost of repairs, alterations, improvements, changes or other work done by Tenant to the premises and further agrees to indemnify and hold harmless the Landlord from and against any and all such costs and liabilities incurred by tenant, and against any and all mechanic's, material man's or laborer's liens arising out of or from such work or the cost thereof which may be asserted, claimed or charged against the premises or the principals of Ocean Plaza. Notwithstanding anything to the contrary in the lease, the interest of Landlord in the premises shall not be subject to liens for improvements made by or for Tenant, whether or not the same shall be made or done in accordance with an agreement between Landlord and Tenant, and it is specifically understood and agreed that in no event shall Landlord or the interest of the Landlord in the premises be liable for or subjected to any mechanic's, material man's or laborers liens for improvements made by Tenant or for which Tenant is responsible for payment under terms of this agreement. All persons dealing with Tenant are hereupon placed upon notice of this provision. In the event any notice or claim of lien shall be asserted of record against the interest of Landlord in the premises or Ocean Plaza on account of or growing out of improvement or work done by or for Tenant, or any person claiming by, through or under Tenant or for improvements or work the cost of which is the responsibility of Tenant, Tenant agrees to have such notice of claim of lien cancelled and discharged of record as a claim against the interest of Landlord in the premises or Ocean Plaza (either by law) within ten (10) days after notice to tenant by Landlord, and in the event Tenant shall fail to do so, Tenant shall be considered in default under this lease. Upon execution of this agreement, Landlord and Tenant shall execute a Memorandum of this lease (at the option of the Landlord), said Memorandum to be recorded in the public records of Palm each County, State of Florida, setting forth the provisions of this Section 6.04. ARTICLE Vil — REPAIRS, MAINTENANCE AND ACCESS BY LANDLORD Section 7.01 Responsibility of Landlord Landlord shall not be called upon and shall have no obligation to make any repairs, improvements or alterations whatsoever to the premises. Landlord shall maintain the exterior walls (but not glass, plate glass, windows, front entry door and closers, interior doors, or painting) in good repair, and shall keep the roof of the buildings water tight', provided, however, that Landlord shall not be required to make any repairs to the roof or any other part of the premises until notice of the need for such repairs to the roof or any other part of the premises is given to the Landlord by Tenant, and it is understood and agreed that Landlord shall not be responsible to the Tenant for any damage Tenant may Bust in by a leak in the roof, windows, walls or pipes or for any damage on account of windstorm, hurricane, fire or otherwise, unless damage is caused by Landlords negligence. Also, Landlord shall not be liable for or required to make any repairs, or perform any maintenance to or upon the premises, which are required by, related to, or which arise out of negligence, fault, misfeasance or malfeasance of and by Tenant, its employees, agents, invitees, licensees or customers, in which event Tenant shall be responsible therefore. Section 7.02 Responsibiffty of Tenant Tenant shall service, keep and maintain the interior of the premises including all plumbing and plumbing fi xtures, wiring, air conditioning, piping, light fixtures, interior doors, front entry door (including closers), windows, equipment and appurtenances, in good and substantial repair during the entire term of this lease and shall replace all glass in the windows and doors broken during the lease term, but such agreement of Tenant shall not apply to any damage caused by Landlord or Landlord's agent, fire or other casualty which is covered (except for any applicable deductible, which will be the Tenanfs responsibility to pay) by standard fire, extended coverage and other perils insurance. Tenant agrees to make repairs promptly as they may be needed at its own expense, and at the end of the to of this lease Tenant shall deliver up the premises in a broom-clean condition with all glass and all windows and doors intact. Tenant shall maintain the air-conditioning filter by replacing the filter with new filter a minimum of once every 30 days- At all times, the Landlord shall give the Tenant the benefit of any warranties from workmen and suppliers who have perforrned or delivered work, services or material to the complex. In the event Tenant does not keep and maintain the premises to Landlord's satisfaction of make the said repairs or replacements within a ten (t 0) day period after notice from Landlord, or in case of repair which, for cause beyond Tenant's control, cannot with due diligence be cured within said allotted period of ten days, if tenant shall not have promptly after notice commenced such repairs and thereafter diligently prosecuted same to completion, within 2 reasonable time, then Landlord may, in addition to any other remedies it may have under law or this lease, enter upon the premises and maintain the premises and/or make the said repairs or replacements itself, as the case may be, and charge'the cost thereof to Tenant plus 20% for overhead as additional rent hereunder together with interest at the rate of 18% from the date of expenditure by Landlord to the date of payment by Tenant Section 7.03 Access by Landlord Landlord or its representatives shall have the right to enter upon the premises, at times which will not unreasonably interfere with business of Tenant, for the purpose of inspection and to make or cause to be made any repairs or otherwise to protect its interest, but the right of the Landlord to enter, repair or do anything else to protect its interest, or the exercise or failure to exercise said right, shall in no way diminish Tenant's obligations or enlarge Landlord's obligations under this lease, or affect any right of Landlord, or create any duty or liability by Landlord to Tenant or any third party- Landlord may, within sixty (60) days next preceding the expiration of the term, enter to place and maintain notices, for letting, free from hindrance or control of Tenant, and to show the premises to prospective tenants thereof at times which will not unreasonably interfere with business of Tenant. If Tenant shall vacate the premises during the last month of the term of this lease, Landlord shall have the unrestricted right to enter same after Tenant's moving to commence preparation for the succeeding tenant or for any other purpose whatsoever, without affecting Tenant's obligations to pay rent for the full term. 9 ARTICLE Vill — INDEMNITY AND EXCULPATIONS; INSURANCE Section 8.01 Exculpation and Indemnity of Landlord Landlord shall not be liable to tenant for any damage to Tenant or Tenant's property, and tenant waives all claims against landlord for damage to person or property from any cause. Tenant shall hold Landlord harmless from all damages arising out of any damage to any person or property occurring in, on, or about the premises and the building, unless said damages are caused by Landlord's willful misconduct or gross negligence. A party's obligation under this Article to indemnify and hold the other party harmless shall be limited to the sum that exceeds the amount of insurance proceeds, if any, received by the party being indemnified- Section 8.02 Public Liability and Property Damage Insurance Tenant at its cost shall maintain public liability and property damage insurance with liability limits of not less than $2,000,000.00 aggregate and $1,000,000.00 per occurrence insuring against all liability of tenant and its authorized representatives arising out of and in connection with tenant's use or occupancy of the premises. All public liability insurance and property damage insurance shall insure performance by tenant of the indemnity provision of Article V111 Section 8.01. Both parties shall be named as additional insureds; the policy shall contain cross-liability endorsements, and shall be primary insurance as far as landlord is concerned. All the insurance required under this lease shall: Be issued by insurance companies authorized to do business in the State of Florida, with financial rating of A. Be issued as a primary policy. Contain an endorsement requiring 30 days written notice from the insurance company to both parties and Landlord's lender before cancellation or change in the coverage, scope, or amount of any policy. Be renewed not less than 30 days before expiration of the term of the policy. Each policy, or a certificate the policy, together with evidence of payment of premiums, shall be deposited with Landlord at the commencement of the to and on each renewal of the policy. Section 8.03 Increase in Amount of Public Liability and Property Damage Insurance Not more frequently than every three years, if, in the reasonable opinion of Landlord's lender or of the insurance broker retained by Landlord, the amount of public liability and property damage insurance coverage at that time is not adequate, tenant shall increase the insurance coverage as reasonably required by either Landlord's lender or Landlord's insurance broker. The cost of said increased coverage shalt not be greater than 10% of the cost of coverage at the beginning of the lease term or at the beginning of any renewal period. Section 8.04 Waiver of Subrogation The parties release each other, and their respective authorized representatives, from any claims for damage to any person or to the premises and the building and other improvements in which the premises are located, and to the fixtures, personal property, tenant's improvements, and alterations of either landlord or tenant in or on the premises and the building and other improvements in which the premises are located that are caused by or result from risks insured against under any fire and extended coverage insurance policies carried by the parties and in 10 force at the time of any such damage. Tenant shall use each insurance policy obtained by it to provide that the insurance company waives all right of recovery by way of subrogation against Landlord in connection with any damage covered by any policy. ARTICLE IX — QUIET ENJOYMENT Section 9.01 Quiet Enjoyment Landlord covenants that so long as Tenant pays the rent reserved in this lease and performs its agreements hereunder, Tenant shall have the right to quietly enjoy and use the premises for the term hereof, subject only to the provisions of this agreement. ARTICLE X — ASSIGNMENT AND SUBLETTING Section 10.01 Assignment and Subletting Tenant shall not assign this lease not any rights hereunder, nor let or sublet all or any part of the premises, nor suffer or permit any person or corporation to use any part of the premises, without first obtaining the express prior written consent of Landlord, which consent Landlord, may arbitrarily withhold. A copy of any proposed assignment or sub-lease must be submitted to Landlord. Should Landlord consent to such assignment or to a sub-lease of all or any part of the premises, Tenant does hereby guarantee payment of all rent herein served until the expiration of the term hereof, and no failure of the Landlord to promptly collect from any assignee or sub- tenant, or any extension of the time for the payment of such rents, shall release or relieve Tenant from its guaranty or obligation of payment of such rents- No acceptance by the Landlord from other than the Tenant of any payment due hereunder shall be construed a consent by Landlord to any assignment or subletting by the Tenant, or give the Tenant any right to permit another to occupy any portion of the premises except as herein expressly provided. ARTICLE XI — UTILITIES Section 11.01 Utilities Tenant shall pay all costs and expenses for gas, electricity, pest control, phone and internet, alarm, and any and all other utilities furnished to or used in connection with the premises for any purpose whatsoever during the term of this lease, promptly as each thereof shall become due and payable. The cost of trash and/or garbage collection shalt be paid indirectly by Tenant through the common area maintenance fees to the person or entity performing such removal service ("Removal Contractor'), or Landlord may, at its sole option, elect to contract for trash and/or garbage removal for an individual Tenant, several Tenants, or all Tenants (hereunder called "Participants")- If Landlord so elects, the Participants shall pay a "fair share" of the costs thereof, such "fair share" to be determined as follows. The Removal Contractor, based on its expertise, shall make a determination as to the requirements for disposal for each individual Participant and the cost thereof. The "fair share" shall bgirth e percentage (%) that each Participant's cost bears to the total cost of all Participants, I I I multiplied times the actual cost of the contract. Such amounts shall be payable under the terms of this lease, and shall be in addition to common area maintenance expense. It shall be the Tenants sole responsibility to place all garbage and trash from their respective premises in a dumpster or trash bin, if any, provided by Landlord or Removal Contractor which has been designated for use by Tenant. Otherwise, it is to be placed on appropriate days for pick-up in approved containers as required by Removal Contractor. No trash or garbage shall be allowed to collect upon or about the premises except in a dumpster or other approved receptacles on scheduled pick-up days. No dumpster or other receptacles shall be placed on parking or other common areas, except at authorized designated places on scheduled days, without prior written approval of Landlord. In the event Tenant should place any refuse material in an unapproved area or outside the approved receptacle, Landlord may, two (2) days after verbally notifying Tenant, have said refuse removed and Tenant shall make prompt payment for al the costs of said removal. ARTICLE X11 — DEFAULT OF TENANT Section 12.01 Default of Tenant in the event Tenant shall (a) fail to make any rental or other payment due hereunder within ten (10) days after the same shall become due, or in the event: (b) a petition in bankruptcy (including Chapter X and Chapter XI bankruptcy proceeding or any other reorganization proceedings under the Bankruptcy Act) be filed by the Tenant, or be filed against the Tenant, and such petition is not dismissed within thirty (30) days from the filing thereof, or in the event Tenant is adjudged a bankrupt; or , (c) an assignment for the benefit of creditors is made by Tenant; or, (d) of an appointment by any court of a receiver or other court officer of Tenant's property and such receivership is not dismissed within thirty (3) days from such appointment; or (e) Tenant removed, attempts to remove, or its to be removed from the leased premises, except in the usual course of trade, the goods, furniture, effects or other property of the Tenant brought thereon o ( Tenant before the expiration of the term hereof and without the written consent of the Landlord, vacates the leased premises or abandons the possession thereof, of uses the same for purposes other than the purpose for which the same are leased, or ceases to use the leased premises for the purposes herein expressed; or, (g) an execution or other legal process is levied upon the goods, furniture, effects or other property of Tenant brought on the leased premises, or upon the interest of Tenant in this lease, and the same is not satisfied or dismissed within ten (10) days from such levy or process; - or, (h) breach or failure to perform any of the agreements herein other than the agreement to pay rent, and shall fail to cure such breach within ten (1 0) days after written notice from Landlord, then Landlord in any such event shall have the options as follows Section 12.02 Remedies of Landlord Landlord shall have the immediate right to re-enter the leased premises, either by summary proceedings and to dispossess Tenant and all other occupants therefrom and remove and dispose of all property therein in the manner provided in the third paragraph of this Section, with resort to legal process. Landlord shall also have the right, at its option, to terminate this lease upon ten (10) days prior written notice to Tenant, and to thereupon re-enter and take possession of the said premises with legal process. In the event on any such default or breach, Landlord shall have the right, at its option, from time to time, without terminating this lease, to re-enter and re-let the premises, or any part thereof, with legal process, as the agent and for the account of Tenant upon such terms and conditions as Landlord may deem advisable or satisfactory, in which event the rents received on such re-letting shall be applied first to the expense of such re-letting and collection including, but not limited to, necessary renovation and alterations of the leased premises, reasonable attorney's fees, any real estate commissions paid, and thereafter toward payment of all sums due or to become due Landlord hereunder, and if a sufficient sum shall not be thus realized or secured to pay such sums and other charges, (1) at Landlord's option, Tenant shall pay Landlord any deficiency monthly, notwithstanding Landl9rd may have received rental in 1 12 excess of the rental stipulated in this lease in previous or subsequent months, and Landlord may bring an action therefore as such monthly deficiency shall arise, or (11) at Landlord's option, the entire deficiency, which is subject to ascertainment for the remaining term of this lease, shall be immediately due and payable by Tenant. Nothing herein, however, shall be construed to require Landlord to re-enter and re-let in any event The Landlord shall not, in any event, be required to pay Tenant any surplus of any sums received by Landlord on a re-letting of said premises in excess of the rent provided in this lease, In the event of any such default or breach, the Landlord shall have the right, at its option to declare the rents for the entire remaining term an other indebtedness, if any, immediately due and payable without regard to whether or not possession shall have been surrendered to or taken by Landlord, and may commence action immediately thereupon and recover jug ment therefore, The Landlord, in addition to other rights and remedies it may have, shall have the right to remove all or any part of the Tenants property from said premises and any property removed may be stored in any public warehouse or elsewhere at the cost of, and for the account of Tenant and the Landlord shall not be responsible for the care of safekeeping thereof, and the Tenant hereby waives any and all loss, destruction and/or damage or injury which may be occasioned by any of the aforesaid acts, as long as Landlord complies with all laws. No such entry or taking possession of said leased premises by Landlord shall be construed as an election on Landlord's part to terminate this lease unless a written notice of such intention is given to Tenant. Notwithstanding any such re-letting without termination, Landlord may at all times thereafter, elect to terminate this lease for such previous default or breach. Tenant shall allow any such re-entry without hindrance, and Landlord shall not be liable in damages for any such re- entry, or guilty of trespass or forcible entry, as long as Landlord complies with all laws- The delivery of keys to Landlord or any employees of Landlord or the Landlord's agent of any employee thereof, shall not operate as a termination of this lease or surrender of the premises. Any and all sums due under this lease from Tenant to Landlord and not paid on the date due shall bear interest from the date due at the rate of eighteen percent (18%) per annum until fully paid. The remedies for which provision is made in this Article XII shall not be exclusive and any and all rights, remedies and options given in this lease to Landlord shall be cumulative and in addition to and without waiver of or in derogation of any right or remedy given to it under any law now or hereafter in effect. In any event, and irrespective of any option exercised by Landlord, Tenant agrees to pay and the Landlord shall be entitled to recover all costs and expenses incurred by Landlord, including reasonable attorney's fees, in connection with collection of rent or damages or enforcing other rights of Landlord in event of a breach or abandonment by Tenant. Tenant hereby expressly waives any and all rights of redemption, if any granted by or under any present or future law in the event Tenant shall be evicted or dispossessed for any cause, or event Landlord shall obtain possession of the premises by virtue of the provisions of this lease, or otherwise. ARTICLE 111 — WAIVER OR ESTOPPEL Section 13.01 Waiver or Estoppel The failure of Landlord to insist, in any one or more instances, upon strict performance of any covenants or agreements of this lease, or exercise any option of Landlord herein contained, shall not be construed as a waiver or relinquishment for the future of such covenant, agreement or option, but the same shall continue and remain in full force and effect. Receipt of rent by Landlord, with knowledge of the breach of any covenant or agreement hereof, shall not be deemed to have been made unless expressed in writing and signed by Landlord. Any acceptance of rent or other such payment in a lesser amount than is herein required to be paid by the Tenant, regardless of any endorsement of any check or any statement in any letter accompanying the payment of the same shall not be construed as an accord and satisfaction or in any manner or other than as a payment on account by the Tenant. No waiver by the Landlord in respect to any other Tenant shall constitute a similar waiver in favor of Tenant. ARTICLE XIV — ATTORNMENT AND SUBORDINATION Section 14.01 A tfornment and Subordination All rights and interests of Tenant hereunder are and shall be and remain subject, subordinate and inferior to all mortgages, heretofore or hereafter given and encumbering the premises, or any part thereof, and shall likewise be subordinate and inferior to all renewals, modifications, consolidations, replacements and extensions of any such mortgage, and the d of the holder of any such mortgage shall at all times be and remain prior and superior to all rights and interests of Tenant. This provision shall operate as a subordination agreement with respect to all such mortgages and all renewals, modifications, consolidation, replacements and extensions thereof. If the holder of any such mortgage or any person, fi rm or corporation agreeing to make a loan secured by a mortgage on the premises shall require confi rmation of any subordination for which provision is herein made or a separate subordination agreement with respect to any mortgage transaction, Tenant shall execute such agreement in the for required by such mortgage holder or other person, firm or corporation agreeing to make a loan secured by a mortgage on the premises, and the execution of the same shall not diminish or affect the liability of Tenant hereunder or of any other party responsible for or guaranteeing the obligations of Tenant under this lease- ARTICLE XV — CONDEMNATION Section 16.01 Condemnation All compensation awarded for any such taking by, or conveyance to, any public or quasi-public authority by reason of any act of such authority for which damages are payable, shall be the property of the Landlord, whether such damage shall be awarded as compensation for diminution in the value or the leasehold or to the fee of the demised premises, and Tenant hereby assigns to Landlord all of Tenant's right, title and interest in and to any and all such compensation. Tenant shall be entitled to claim, prove and receive in the condemnation proceeding such awards as may be allowed for trade fixtures or for loss of business "good will", depreciation or injury to and cost of removal of stock in trade, but only if such awards shall be made by the condemnation court or by the condemner in addition to, and shall not result in a reduction of, the award for the land and buildings so taken. ARTICLE XVI — MISCELLANEOUS Section 16.01 vatices All notices shall be in writing and any notice by tenant to Landlord must be served by certified or registered mail, postage prepaid, addressed to Landlord or the agent of Landlord at the address first he reins bove given or at such other address as Landlord or its agent may designate by written notice. After commencement of the term hereof any notice by Landlord to Tenant shall be served by first class mail, postage prepaid, addressed to Tenant at the [eased premises or at such other address as Tenant shall designate by written notice or by delivery by Landlord to the leased premises or to such other address. 14 Notice shall be deemed to be properly given if addressed to Tenant at its last known address, if such first class mail is refused or otherwise not delivered. Section 16.02 Deposits and Advances Any funds paid by Tenant to Landlord as a deposit or advance pursuant to the terms of this lease, or any exhibit, addendum or modification hereto, may be commingled with other funds of Landlord and need not be placed in trust, deposited in escrow or otherwise held in a segregated account. In addition, if any sums of one shall become payable by Tenant to Landlord pursuant to the terms of agreement, or any exhibit, addendum or modification hereto, or by a law, ordinance or regulation affecting this agreement, Landlord shall have the right to apply any deposits or advances theretofore made by Tenant against sums due by Tenant to Landlord- Section 16.03 Captions and Section Numbers The captions, section numbers, articles numbers and index appearing in this lease are inserted only as a matter of convenience and in no way define, limit construe, or describe the scope or intent of such sections or articles of this lease nor in any way affect this lease- Section 16.04 Brokerage Tenant warrants and represents that it has not dealt with any broker in connection with this lease or the premises, and agrees to defend, indemnify and hold the Landlord harmless from and against any and all claims for brokerage fees and commissions by any broker claiming to have dealt with him in connection with this lease. Landlord warrants and represents that not dealt with any broker in connection with this lease or the premises and agrees to defend, indemnify and hold the Tenant harmless from and against any and all claims for brokerage fees and commissions by any other broker claiming to have dealt with it in connections with this lease. Section 16.05 Recording Tenant shall not record this lease, but upon the request oy the Landlord, both parties shall execute and deliver a notice of memorandum of lease, in a for satisfactory to Landlord and appropriate for recording; the costs of such notices of memorandum shall be borne by the Landlord. Section 16.06 Infestations and Fumigation If necessary to vacate the premises for fumigation or other similar treatment for termites, insects, etc-, Tenant, after a minimum of 14 days prior written notice, shall vacate the premises for the required time for such treatment to be performed. If such treatment does not eximed 3 days and 4 nights (excluding any preparation time performed on the common areas, and not materially interfering with the business operations of Tenant), it shall be without any rent abatement. Any longer period shall abate the current tent for such additional period on a pro rata per them basis. Tenant shall permit exterminator access to premises as required by law or regulations regarding such treatment. Section 16.07 Entire Agreements Tenant agrees that Landlord has not made any statement, promise or agreement, or taken upon itself any engagement whatsoever, verbally or in writing in conflict with the terms of this lease, or 15 which in any way modifies, varies, alters, enlarges or invalidates any of its provisions. This lease sets forth the entire understanding between Landlord and Tenant, and shall not be changed, modified or amended except by an instrument in writing signed by the party against whom the enforcement of any such change, modification or amendment is sought. The covenants and agreements herein contained shall in the n fits and advantages hereof shall inure to, the respective heirs, legal representatives, successors and assigns of Landlord and Tenant. Whenever used, the singular number shall include the plural, the plural shall include the singular, and the use of any gender shall include all genders. The headings set forth in this lease are for ease of reference only, and shall not be interpreted to modify or limit the provision hereof This agreement shall be construed in accordance with the laws of the State of Florida, Should any provisions of this lease and/or its conditions be illegal or not enforceable under the laws of said State, it or they shall be considered severable, and the lease and its conditions shall remain in force and be binding upon the parties as thought said provisions had never been included. Section 16.08 Radon and Other Florida Statutes, Section 404.056(8) requires the following disclosure: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time- Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon testing may be obtained from a county public health unit. ARTICLE XVII - ENVIRONMENTAL Section 17.01 Environmental Tenant represents and warrants to Landlord that Tenant's use and activities on the premises shall be conducted in compliance with all applicable environmental ordinances, rules, regulation, statutes, orders, and laws of all local, state, or federal agencies or bodies with jurisdiction over the premises or the activities conducted on the premises (hereinafter collectively revered to as the "Environmental Laws"), In the event any of the Tenant activities require the use of "hazardous" or "toxic" substances, as such to are defined by any of the Environmental Laws, then Tenant represents and warrants to Landlord that Tenant has received all permits and approvals required under the Environmental laws with respect to such toxic or hazardous substances- Tenant covenants and agrees to maintain the Premises in a "Clean" condition during the to of this lease. As used in this paragraph, the term "clean" shall can that the Premises are in material compliance with the standards set forth under the Environmental Laws and any standards set forth in this lease. In the event Tenant breaches any of its material representations, warranties, or covenants and agreements contained in this Section or fails to notify Landlord of the release of any hazardous or toxic substances from the Premises, then such breach or failure to not shall be deemed a default under this Lease and Landlord shall have all rights and remedies available to it, including, but not limited to, the right to initiate a clean up of the Premises, in which case Landlord shall be reimbursed by Tenant for, and in connection with such clean up of the Premises and to fully indemnify and hold Landlord harmless from any and all losses, liabilities, expenses (including but not limited to reasonable attorneys' and paralegals' fees at trial and all appellate levels) 'incurred by Landlord as a result of any contamination of the Premises due to Tenant's use of hazardous or toxic substances on the Premises. If Tenant's operations require the ongoing use of hazardous or toxic substances, then Tenant shall upon written request by Landlord supply Landlord within ten (10) days receipt of such request with copies of reports and any other monitoring information required by the Environmental Laws, and any failure by Tenant to do so shall be, at Landlord's option, constitute and Event of Default under this Leases 16 r u, Executed b y m,Pt: on the _ .._y of 2014 `ENAP Witness as to, "Ien'Ant t l f - �t --- Tenant _. 4 Executed by Landlord on the of ...... ..........._:-------- .- ___-_-_. _____._____ -, 201 LANDLORD F- a ,r ii --- g Properties L.L 17 Florid Fro nt Cr 0i C EANO REALTY, I . Filing nt r sting Document Number P14000046805 FEI/EIN Number NONE Date i 05/27/2014 State FL Status ACTIVE Effective Date 05/27/2014 rind I r s 4400 N OCEAN BLVD GULF STREAM, FL 33483 ailin rs 4400 N OCEAN BLVD GULF STREAM, FL 334 e Isere ent erne Tess MOLLICA, J Y 6 4400 N OCEAN BLVD GULF STREAM, FL 33483 a fficei-IDL rector _ et ail Name & Address Title PVST LLICA, JUDY 4400 N OCEAN BLVD GULF STREAM, FL 33483 Title LLIC , JUDY 4400 N OCEAN BLVD GULF STREAM, FL 334 �m A PP LIC ATION �m............ � _ REG I S T RATIO N .mm... R µ . m....... FICTIT µ REGISTRATION# G1 Fict itious a to be Registered: OCEAN EAST PROPERTI M ailing dress of Business: 4400 N OCEAN BLVD 4 GULF STREAM, FL 33403 F lorida County of Principal Place of Business: MULTIPLE FILED I Number: Secretar o State O wner( s ) of F ictitious e: OCEA REALTY, IN 4400 N OCEAN BLVD 4 GULF STREAM, FL 33483 U Florida Document Number: P 14000046805 F I Number: 47 1 the undersigned, being an owner in the above fictitious name, certify that the information indicated on this form is true and accurate. 1 further certify that the fictitious name to be registered has been advertised at least once in a news paper as defined in Chapter 50, Florida Statutes, in the county where the principal place of business is located. I understand that the electronic .signature below shall have the same legal effect as if made under oath and I am aware that false information submitted in it document to the Department of State constitutes a third degree felony as provided for in s. 317.155, Florida Statutes, jUDY MOLl�l,'-, 0 7122J2014 I trrarr ""ig- na fu re(s ) Data Certificate of Status R equested Certified Copy Requested ) Electronic Articles orincorporation P14000046805 FILED For May 27 2014 Sec. Of State OCEANO REALTY. 1\,,.C- sgilbert The undersigned incorporator-, for the Purpose of fonning a Florida profit corporation, hereby adopts the folloNving Articles of Incorporation Article I The Dame of the corporation IS", OCEANO REALT'i". INC. Article 11 The principal place of business address 4400 N OCEAN BLVD #4 GULF STRFAIA, FL. US 33483 ! mailing address oft he corporation is 4400 OCEAN BLVD #4 GULF STREAK FL. US 33483 Article III The purpose for which this corporation is orgtinized is RtAL ESTATE SALES AND RENTALS Article IV The number of shares the corporation is authorized to issue is: loo Article V The name and Florida street address of the registered agent is: JUDY MOLLICA 4400 N OCE.AINIT BLVD m44 GUILF STREAM, FL, 33483 1 certify! that I am familiar Nvith and accept the responsibilities of' registered agent. Registered Agent Signalure: JUDA'11\101,11C,,� P14000046805 FILED May 27 2014 Article V1 Sec. Of State The name and address of the incorporator is- sgilbert JUDY MOLLICA 4400 N OCEAN BLVD 94 GULF STREANI FL, 33483 Electronic SignalUre of Incorporator: JUDY MOLLICA I am the incorporator submiffing. these Articles of Incor oration and of 7i that the facts stated herein are true. I am aware drat false infon-nation submitted in a Tocument to the Dcparhnent of State constitutes a it degree 'elong as provided for in s.81T 155. FmS. I understand the reqUiTenlent to file an a nnual report between January I'st and May I st .i the calendar' year following or nation of this corporation and every near thereafter to maintain "active®" status. Article V11 The initial offileer(s) and/or director(s) oft e corporation is/are: 'Title: PVST JUDY MOLLICA 44001\7 OCEAN BLVD - tM GULF STREAM, L. 33483 1 - IS Title: D JUDY MOLLICA 4400N OCEAN BLVD 44 GULF STREAM, L. 33483 US Article VIH The effective date for this corporation shall be: 05/27/2014 Judy Mollica Cell 561.309.1656 4400 N Occim Blvd 44 Horne 561.265.5385 Cell' trews. Florida 33483 SUMMARY Real estate sales career highlighted by outstanding personal production with branded developments Accomplished in cross - functional disciplines including relationship sales mastery, marketing, strategic planning and administrative organization Formulated successful start-ups with sales comparative analysis, unique selling proposition, and planned sales presentation Extensive experience and sales skills combining enthusiasm with product knowledge and a planned presentation Consistent sales and volume leader of high-end properties earning the confidence and trust to steward affluent, sophisticated clients through complex transactions SALES HISTORY The Corcoran Group 2010-2014 Real Estate Sales focusing on high end properties as well as First time home buyers Luxury Real Estate Group, International 1006-2009 Joined start up real estate firm focusing on high end properties Listings leader Onsite broker for new developments in Jupiter; Tierra del Sol and Waterpointe; devised marketing and broker programs, Planned and implemented broker and public launch; hired and trained staff The Ritz-Carlton of Club & Spa, Jupiter (L. . of Marriott International & Jack Nicklaus) 2002-2005 Sal e-v Executive- Licensed salesperson —.l piter, Florida Promoted to sales executive for private golf club offering multi- million dollar Estate Homes, Luxury ractionals, golf & spa memberships Achieved consistent sales production leadership in The Ritz-Carlton sales organization. Received "Outstanding Sales Executive Award" — 2003 & 2004, Sales Volume The Ritz-Carlton colraub & Spa, Jupiter (L.L.P. of Marriott International & Jack Nicklaus) Marketing Coordinator — Jupiter, Florida 2001-2002 Developed position for maximizing performance of Sales Executives in managing prospect contacts Drafted client sales correspondence adopted throughout The Ritz-Carlton Clubs Devised and implemented systematic sales follow-up procedures and protocols ERA Daniel & Wohlwender-Longwood, Florida 1990-2001 Sales Associate Perennial top producer in a30 agent office focusing on luxury, single family home sales in Orlando, Florida. Developed and managed all personal sales & marketing programs Consistently met or exceeded company performance objectives Calico jacks, Orlando, Florida 1986_19!0 Director of Marketing and Promotions Devised and implemented all marketing and public relations programs for high volume restaurants and nightclubs established in several major markets in Florida EDUCATION Seminole Community College — Sanford, Florida A.A. degree, General Studies University of Central Florida — Oviedo, Florida Matriculated toward B.A., Psychology Barbara Aloyse Heiss OBJECTIVE Real E state Services EXPERTISE Propert & Project Management Interior Design & Construction Consultant Real Estate EXPERIENCE Professional Designer / Real E state Development / Realtor B&T Land Company eve rarer" Frontenac, MO 2003-2005 Attached Housing Project, Co-Owner Conceptual Development with Architects and Engineers, Contract Administration with Law yers, acted as both Buver and Seller Zoning and Ordinance with Lawyers and Alderman, accomplished zoning change Edward L. Bakewell, Inc. Ree&or Clayton, MO 2004-2007 Keller Williams Realtor Austin, TX 2007-2009 Collins lst Realty Reall Boca Raton, FL 2011-2014 Ocean East Properties Realtor Boynton Beach, FL 2014 to date Alctyse Design, LLC. Senior Dwt ner St. Louis, MO 2000-2007 Commercial, and private residence design and consulting for all phases and aspects of projects: Real Estate, architecWre, contract negotiations, facilitating vendors, all as- pects of FF&E and OS &E, Construction Consulting, Job site coordination & supervi- sion, Major achievements: Busch Stadium for the St Louis Redevelopment Corporation Commercial, Hospitality & Exclusive Residences for High Profile Clients EDUCATION Bennett College, AAS Pace University New York, NY National Council for Interior Design Qualifications 1XCID0#015713 INTERESTS Golfi ng &Fishing personal & professional recommendations upon request 561.699.9077 Jobs to be created and filled by Ocean East Properties There is an immediate need for 2 full time employees with one more full time employee to be added after I month from opening business and one full time employee to be added after 6 months from opening business. Jobs to be created: Licensed Real Estate Broker- Licensed Real Estate Associate After one month I more Licensed Real Estate Associate After maximum of 6 months: Secretary/Receptionist Licensed Real Estate Broker- Job DescEiption oversee all aspects of business including, contract supervision, bookkeeping, escrow accounts maintenance, schedule showings, schedule listing appointments, created and oversee marketing plan. Trouble shoot any problems that may arise with agents, customers and clients. Eay_ganye-This is a commission based position that will . pay approximately $45,000 annually for the first year. Weeh!j..5chedule-Monday through Friday 10:00 am-6:00 pm. Occasional weekend and evenings may be required for client appointments. Licensed Real Estate Associate- Job DescriDtiOn Show prospective buyers real estate opportunities, Schedule appointments for listing presentations to offer sellers services to sell their home. Follow up on leads provided. Remain Real Estate experts in the areas of Boynton Beach and surrounding cities. Farm neighborhoods to identify prospective clients. Pay Rgnje-This is a commissioned based position that will pay $40,000 annually. Weekly Schedule-Monday through Friday 10 am -- 6 pm. Occasional weekend and evenings may be required for client appointments. Secretary/Receptionist- Job DEE6gjj2g Greet guests and answer incoming calls. Track contract deadlines and maintain client files. Support licensed Real Estate Brokers and Associates. Pa,y Range Hourly rate of $14.00 per hour. Forty our Work week from 9:30 am -- 5 30 pm. 2014 CRA COMMENT LOG Date Name Comment -= - CRA responded to all M CRA issues r Lawn maintenance crew has been contaced to review their duties. Banner will be repaired and/or No Name Given- The comments regarding removed. The City has been Marina Village CRA property were about contacted on the issues which 7/8/2014 Letter Resident landscaping & banners. pertain to City property. Filthy Disgusting Entrance to Marina. Oil, Food, Animal Waste, Dead Fish Waste, Smelly, Repulsive Often Huge Gallons of Red Fish Blood and Flies. Very Attractive! sr. r � <' WT i h` -- r �sl i ' Exposed Sprinker Hoses Everywhere Around Boynton Harbor Marina and Building. Everywhere. k, }, 4 � m � t � � �� � ' 4 � dip . • �� L` ; t f rJ 1 !� � � t � r �� E ,���" � qu ;•,"� � � r °,� N d 1 trF t' i rr 1 %, C11 BoyN BEACH CRA Filthy Moldy Disguting Awnings (Have Never Been Pressure Cleaned in Years) on Walkway to Pier. If someone wants to talk a romantic walk down these "Broken weed strewn brick pavers "... they will Gag or Puke by Looking Above (if they don't have an allergic seizure from the Mold). .4 `�Vtta;l6�i ,t, t �) ` � • 1 k � t���t� t tttSU�t ' tt��i��l � s't�t tll\ A� � S 7 � t � 1 k ltt 1i � 7yS .I IS' - ,iS� S '1 1 t fi wi si �t ��t a +lt; S SF tt t tii��t pyt tS hl? ' t � F t z i t } i Ct� r � u � Duck, Bird and Animal Feces Everywhere. This View of Duck Feces which Cover the Railing Around Pond. Very Nice Place to take a walk. Just make sure not to look at the rails and don't lean to the left or right unless you want duck crap all over! YUMN �µ t u ; Y` i This mr$& nice. AHanging Banner thatsl2wa o« mewl with aBent Sign Underneath. What Neglect! Shame on the (RAH r' - \�«~ .. . . Nice all along the broken and week infested pavers down the pier walk under the mold filled awning are Spot Lights on the Ground. Quite a few them. Most of which All Are Broken Fire Hazzards, Non - Functional and Very Attractive!!! P } t5 t' t x td� v y 1 r 4 e , I r hk { ll ?E \Yt `�1�W1 A IV r 7 � b r 3 1 @, it All Along with broken paver weedy walk way... you see crap like this. What year was it last cleaned? t 1J r�U 3 u � Nice way to get injured on this exposed hole on the pier in the dirty broken pavers. t k , s£'� SU (4 , r I��li t11, tZ 04 f Ott 'J�l (r z }u 1�, PV ' 4 12 4 !i}t Beautiful Cockeyed Broken Umbrella makes a Really Warm Statement to Guests coming to the marina or passing by. I guess someone can't afford $10 for a new one.. perhaps this is the new style? Na�,10 w „ J , � a n � I� . „I. I c di r 'I!ii1 ! �a a ff" . Y t Well Maintained Palm Trees by the Marina. These few have like 2 palm fronts each (plant hasn't been fed or manicured since it was planted a year or 2 ago) U �t S r y i 1£ /I 3 IU s i eta €k o, BY EAR THE FItTMEST DISCGUSTING PART, Why is it the landscaper takes care of the property in front of the entrance... but in front of the Dive Shop there are MORE WEEDS than plants. The Plants are Dead. The Weeds are 2 to 3 feet tall. Can't imagine how a Business Owner Could have a Storefront like that. Imagine what their home must look like? What kind of CRA doesn't regulate. monitor and make sure the landscaper is pulling weeds and feeding plants? This looks like a Refugee camp! r R i R 1 S I t 4 it fi bs i s �t y �yI ro4 � CY) � al - .� d o / o q o 0 � � � /Co LO 0/ \ \ � \ \ \ �m 9W1MMBE CRA BOA" MEETING OF'o August 12, 2014 Consent Agenda Old Business I New Business Public Hearing I Information Only SUBJECT: CRA Development Project Update: Boynton Harbor Marina Harbor Master Building & Fuel Dock Site Improvement Project. SUMMARY: The CRA Board approved the funding in the FY 2013 -2014 budget for the construction of the Boynton Harbor Marina Harbor Master Building & Fuel Dock Site Improvement Project. The scope of work for the project consists of the construction of a new 1,500 square foot Harbor Master building with shop store and public restrooms, enhanced lighting, landscape and hardscape improvements and signage. At their February 11, 2014 meeting, the CRA Board approved entering into a construction contract with The Collage Companies for the construction of the project for the contract price of $974,545 plus a 15% contingency $146,182 for a total of $1,120,727.00. The Notice to Proceed was issued on February 26 with a final completion date of January 8, 2015. As you area aware, the project site is small and located in the most heavily trafficked area of the marina. Collage's Project Manager, David Trindade continues to do a wonderful job far of managing the site and coordinating material deliveries so as not to interfere with operation of the Two Georges restaurant. Since the July Board meeting, the contractor has completed the building's stucco, porch wood ceiling installation, interior insulation, metal roof installation, painting of the building's exterior, formation and concrete pour of the decorative hardscape seat wall and the site's underground drainage systems. Progress pictures are attached. FISCAL IMPACT: Construction Cost of $974,545 plus 15% contingency $146,182 for a total of $1,120,727 budgeted in Account # 02 -58200 -404 CRA PLAN, PROGRAM OR PROJECT: CRA Redevelopment Plan, Downtown Vision & Master Plan, Boynton Harbor Marina Master Redevelopment Plan. RECOMMENDATIONS: None. - f Michael Simon, Assistant Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglFY 2013 - 2014 Board MeetingstAugust 201418.12.14 \Marina Project Update -Aug 2014.docx Harbormaster Building & Site Improvement Project July I - August 8th Progress Update Ni N 9 ioo � r t t i ,iva�r� ft i 3�t ITIONCOL Print # 14072AD76 Boyntar7 Beach Harbor marina Dale: 07€24114 Dockmasters Building �3�'La.�;2s.s2aisa- .853929 to a s ( Y f i j b 4 €li . IT J I l� � i p ,¢yy✓y py } S 2 > r> 1 . s i r s A i I «t� I , I I � a V R �s w °Il i�ttlt�� r i sL 4 } I t i } j 6 t I I � y ��s� a .. „ , �s,�.' ,. a�� tV'��t 5�; t� i � } t�� ' �" � '� S� `lt�t,t( 1 t 4 ;�llt S t� i , I h� �1`'• t ', �lt�;,� „ ¢ If � `,'t.fl .,, r � L.. I� y �7 l� 7 J ii7�l11t�(l�t t� �t�4b�ilifr t s f pa�' ; �k �t�tt6�s.+4(��4ty`'�a�t „t,. •t '',ut a j =��� tttt't'g ;� v� `�` � t ,��lt i - - - t �4 s `i 3;4.• }ft �'t ��� � t t { �t t �������.� {( at�t� 1 S t1�fi�"`i k�Q ����Ir �} s��)Y� t �� _ - � I I I 5 } n, , .,,; .t � r i `aaa4 � a y ���, -( ,�t — ��,r �- �1n�t�;.'aii?�4�;•!� -. It t r I I t y t . It p � yq I ff44,, jl i ��yy t` y c �ttt s �t CRA BOA" MEETING OF** August 12, 2014 C onsent Agenda I I Old Business I � New Business I I Public Hearing ( n io my SUBJECT: CRA Development Project Update: Parking Lot Project — NE 1 st Avenue & NE 1 st Street & Sidewalk Connector located at 208 NE 1 st Avenue. SUMMARY The CRA Board approved the funding in the FY 2013 -2014 budget for the design and construction of a 58 space public parking lot on the CRA owned property located at 208 NE 1 st Street. The CRA Board approved the release of the Invitation to Bid (ITB) on December 6, 2013 with a submission deadline of January 16, 2014. As a result of the ITB process, cost proposals were submitted from ten contracting firms. At their February 11, 2014 meeting, the CRA Board approved Rosso Site Development, Inc. as the general contracting firm for the Parking Lot — NE I st Avenue & NE 1 st Street & Sidewalk Connector Project. On March 12, 2014, the CRA Board approved entering into a contract with Rosso Site Development, Inc. for the construction of the project. T he Notice to Proceed was issued to Rosso Site Development, Inc. with a start date to be on or before April 4, 2014 with a final completion date of October 31, 2014. On March 31 Rosso Site Development, Inc. was on the property ready to begin the demolition site work. Progress in the past 3 -4 weeks has included placement of the light pole foundations, rough electrical plumbing and irrigation lines, as well as meetings with the landscape subcontractor, architect and City staff for the selection of the plant material. Project Progress pictures are attached. FISCAL IMPACT: Contract price of $510,435.24 plus 10% contingency $51,044 for a total of $561,480 budgeted in Account # 02 -58200 -404 CRA P LAN , : CRA Redevelopment Plan, Downtown Vision & Master Plan. RE COMME NDATIONS: None a Michael Simon, Assistant Director TAAGENDAS, CONSENT AGENDAS, MONTHLY REPORT&Completed Agenda Item Request Forms by MeetinglFY 2013 - 2014 Board MeetingsAugust 2014181 2.141Parking Prj update Aug2014.docx NE 1St Street & NE 1St Avenue Parking Lot and Sidewalk Connector Project July 1St - August 8th Progress Update z a r e, I m> k lY t t i �F } IR V ix r .. �1 r- r r i ,< k Illp( """' BEACH BOYNTON j CRA BOARD MEETING OF' August 12, 2014 Consent Agenda I x ( Old Business ( I New ( ( Legal ( Other Report y Lyman Reynolds on e Status of the Lisa Bright vs. CRA Case THERE IS NO BACKUP MATERIAL FOR THIS ITEM. TaAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglFY 2013 - 2014 Board MeetingslAugust 201418.12.141Lyman Renolds report-No Backup.doc I = BEACH--[[ , ii��,,CRA � CRA BOARD MEETING OF* Au 12, 2014 Consent Agenda IX I Old Business New Business I Legal Information Omy SUBJECT: Consideration of Action on the RFPIRFQ for Ocean Breeze East Site SUMMARY Due to a ambiguity in the language concerning process, Staff is requesting direction from the Board on how to proceed. FISCAL IMPACT: NIA CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan RECOMMENDATIONSIOPTIONS: Provide direction to staff. lei 14 4 1 � V106-1f. Brooks Executive Director 00374e4o -i T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by MeetinglFY 2013 - 2014 Board MeetingslAugust 201418.12.141Ocean Breeze 1.doc a go, ca 00 4-0 CO Sri 7 t5 �� iy / V t 0 U ) Q bn Q _cr Q ni 'tau FI-t,b • � a--� ,'A tai �`' bt t I� 4 co ('� }s CD m ( s � m ��—, f` { {u3333333Jri #I , ilk � + O �Q t CD 0 {.I { c i Q V u �pu / Q cu r .�., O O SfI�j CL 5 �� tit 11�t t g t ♦V r Ir r a Z r, � a tv tysr , A 4 S• � a � i ii �( /at . bjD ai . cu co y1' L 0 CL u 4-J CO 0 Ln CU Ln t/3 O Ln '- � CL ® 1 � A Qj 4-1 �1 w aj u LM 0 09 _ tt f ICI ��• I fi7 � t Qi x �I} u I O bI 4 df v _ tr Ix� > CU � L d �1 O O, a , 4k, 0 0 r hp v c t ca O 4--J Ca , 5 L YY f� IV ')f `FiI • — ( I ii V � w LU co 0 �. dx ` + ry f ' r x \o u G am 0 Ln 0 co 4A ! ' o F F a ti i. 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V J Y Jp r il� �( ° 1 x� S �� °�" ��}V1U14' r (n IT[ f p ki�� ISO" f r ti( " w D l � u �> >s(,,k�� hi, �q} 0 �C V4 r, r IPA' (/'} t� r iiPyh�s, I 4slsiPr��� Qv t six 61 1111 a � l S �S�i tr ,kr1 +� h } BOYNTON ... .... .... i " `BEACH 1 ,,CRA 1 WON CRA BOARD MEETING OF: August 12, 2014 — TABLED on July 8, 2014 Consent Agenda I I Old Business �X I New Business � ( Legal I I Information Only SUBJECT: Consideration of Safety Assessment Services Proposal and Contract for Ken Stapleton & Associates for Safety Assessment Services in the Amount of $19,000 SUMMARY The redevelopment of downtown Boynton Beach is named as one of the top five goals of the City's recently adopted Strategic Plan. However, public perception about downtown may prevent investment from businesses and residents due to concerns about safety whether perceived or real. This was revealed in the City's Economic Development Manager's recent survey of stakeholders who expressed continued concern about safety of the area. it Is, ii portant t0 . - A — taiid aS a puviii; entity h ow ii investment community views downtown Boynton Beach relative to other coastal communities and why we are viewed this way to help guide the Agency's funding decisions. Deliverables of the Safety Assessment include: • Preliminary assessment of the physical environment including day and night time visits, weekday and weekends including important travel paths and parking areas • Evaluation of current Safety Perception Measurements and initial assessments of perceptions of key groups • Evaluation of other progress metrics related to safety including crime statistics and maps, community policing efforts and pedestrian counts • An invite -only presentation for key stakeholders and staff regarding importance of real /perceived safety and our innovative Safedesign approach and strategies. • A preliminary Safedesign review of current plans for the TOD district, including day and night site visits, review of any drawings and descriptions, meetings with the project planning team, and preliminary guidance about the next steps. FISCAL IMPACT: $19,000 from line item 01- 51420 -200 CRA PLAN, PROGRAM OR PROJECT Downtown Vision and Master Plan and the Heart of Boynton Community Redevelopment Plan RECOMMENDATIONS /OPTIONS Approve the proposal and contract for Ken Stapleton & Associates to perform the Safety Assessment Services in the amount of $19,000. 4 vVin �Br . ook Executive Director T'`,AGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\FY 2013 - 2014 Board MeetingslAugust 201418.12.141Safety Assessment.doc 1 Ken Stapleton & Associates s _ r r The !2yflI2fl_ftAgh_OA Background Prosperous downtowns and surrounding urban neighborhoods bring enormous vibrancy to cities. Their energy and visitors help create additional retail buying, job creation, educational and entrepreneurial opportunities, residential and hotel demand, business and talent attraction/ retention, tax revenues, and "place brand" enhancements. Because of these impacts, cities throughout North America have worked hard to revitalize or enhance their downtown areas. But for many if not most downtowns in North America, negative perceptions about safety have persisted even after actual crime rates have drop significantly from their peak in the early 1990's. This has slowed progress, and many civic leaders and downtown businesses lament continued negative media coverage of crime incidents, panhandling, and homeless camping. These leaders recognize several important market realities: 1. Safety is a threshold issue for potential downtown visitors, residents, and employees and different target markets have different requirements for acceptable safety levels. The best downtowns recognize these differences and pay special attention to women because they typically have higher requirements for safety than their male counterparts — and because they make most retail /entertainment purchase decisions. Successful downtowns also recognize that perceptions are just as important as real safety. 2. Vibrant downtowns require people to be out of the safety of their cars for extended periods. People - watching is the glue that holds downtowns together, and the best people- watching involves a variety of people from all backgrounds, at all times of the day or night. Accordingly, the best downtowns pay careful attention to the complete travel path of their customers from the time they reach downtown until they leave downtown, and particularly after they park their cars and walk around after dark. 3. Competition for entertainment and retail spending is fierce. Suburban Lifestyle Centers are the latest competitors, but even traditional malls are changing formats to attract local and regional customers with new food and entertainment format tenants. 4. Downtowns have unique challenges because there is more than one property owner. Unlike the malls and suburban lifestyle centers, places like the Downtown Boynton Beach cannot easily control tenant mix, common area maintenance charges, coordinated security, or careful marketing and public relations for the entire area. Even more complex is the fact that the spaces between tenants are public and it is more difficult to control who can be there, and to manage what kinds of behaviors, environment, and operating procedures are acceptable. The best Downtowns have developed a variety of creative strategies and solutions to overcome these competitive disadvantages. _... � ................_. mm.. .._.._.._...................... -� �m _.._m_.. � _....._ _ .�_............._._ Ken Stapleton & Associates Boynton B each CRA .safety Serv ices Chi, iffillw*% WNW copyrigi Boynton Beach has made strong progress in recent years to attract investment and improve duality of life in and around the downtown area. A number of significant private projects have >> been completed and more are planned or underway. Significant` E , improvements to the public realm have resulted in a series of quality public spaces. The Boynton Beach CRA also recently received an award from the Florida Redevelopment Association ��� _°� � k for its work on "The Little House" project. As a result of all these��" efforts, Tax Increment revenues are once again increasing and providing needed resources to accelerate revitalization.._ At the same time, a number of stakeholders have expressed { continued concern about real and perceived safety and its impact on both duality of life and the ability to attract investors and customers. This was most recently highlighted by survey results regarding the economic development conditions and strategies in the area. Such concerns are very important given the "threshold" nature of safety to place brand development and place avoidance behavior. Fundamentally, this means that people will not visit or emotionally connect in positive ways with places they feel are not safe enough. Of course this threshold level varies for different groups of people, and it is not yet clear whether strategic groups consider Downtown Boynton Beach CRA safe enough. These general concerns and survey results, however, do not provide clear enough insights about safety, perceptions, and place avoidance behaviors to allow for strategic actions and investments. There is still a need for more accurate insights about the following questions Are safety perceptions keeping important potential customers and residents away from downtown? '.• Does the realtor community think safety is an issue? (and what do they tell their clients ?) Are business and community leaders making the connection between safety perceptions and reinvestment? Are various sub - districts being designed /developed with real and perceived safety as a top priority? What is the real nature of the Boynton Beach Place -Brand for business and development investors? Accordingly, the Boynton Beach CRA wants to avoid using anecdotal evidence or the personal opinions of a few to guide policies and investments. They understand this will lead to poor insights about safety and ineffective strategies for change. For safety in particular, poor perception survey design and analysis complicates an already complex psychological issue. A thorough and systematic assessment is needed to help guide strategy, policy, financial investments, marketing initiatives, and urban design detalls, among otherthings. Given this need to improve insights and strategies related to real and perceived safety in support of economic development and prosperity initiatives, several initial efforts are needed: Preliminary assessment of the physical environment, including: day and night -time visits weekday and weekend; identification of important travel paths and their current features impacting perceptions and safety; and a general review of current and planned public parking facilities /programs. Evaluation of current Safety Perception Measurements, and initial assessments of perceptions of key groups. This will include: a review and evaluation of past surveys from the City or others that provide insights about safety perceptions and place avoidance behaviors; a series of one -on -one interviews with variou stakeholder regarding safety concerns and solutions; a focus group of realtors to gain more in- ._ en Stapleton Associates Boynton e�ec CPA Soey Se Copyright ,2014 depth understanding about their safety concerns; and recommendations about whether additional surveys and focus groups are warranted. Evaluation of other Progress Metrics rebated to safety, including: crime statistics and maps, community policing efforts; pedestrian counts; and other related measures. An invite -only presentation for key stakeholders and staff regarding importance of real /perceived safety and our innovative Safedesign' approach and strategies. k A preliminary Safedesign'M review of current plans for the TOD District, including: day and night site visits, review of any drawings and descriptions, meetings with the project planning team, and preliminary guidance about next steps. These initial steps will help to clarify the true extent of current concerns about real and perceived safety, will begin to educate stakeholders and staff about ways to integrate safety, will suggest initial steps to address current concerns, and will identify whether more detailed analysis and strategic planning are really needed. unique Our We are economic development and urban revitalization professionals. Our expertise in urban areas provides an intimate understanding of urban economic development challenges and strategies and how to link them directly with brand enhancement and repositioning strategies, including the safety aspects of place - brands. With over 30 years of community and economic development experience, including over 20 years managing progressive safety initiatives with a special focus on perceptions, we are uniquely qualified to help the Boynton Beach CRA create new prosperity by innovatively addressing real and perceived safety. Ken Stapleton, President, will provide all of the services, including all assessments of past surveys, stakeholder interviews, physical environment scans, and recommendations about priority next steps. Ken has provided community safety training to State and local governments, local /state /national non - profits, regional planning groups, universities, and professional associations like the Urban Land Institute, International CPTED Association, and American Planning Association. He holds Crime Prevention Through Environmental Design (CPTED) certificates from both NCPI and the Florida Crime Prevention Institute and has completed 5afedesign and CPTED reviews of over 100 projects and neighborhood plans in Florida, Ohio, Kentucky, Illinois, and Georgia. As an urban revitalization executive, Ken has also designed and implemented a variety of successful safety programs and initiatives including work with homeless, ambassadors, public art, wayfinding, streetscaping, landlord /tenant issues, marketing programs, and design guidelines that were all specifically and intentionally developed to address both real and perceived safety. Investments Ken has helped attract include billions of dollars for the neighborhoods and downtowns where he served. His work has included serving as a project manager for the Miami Beach Safe Neighborhoods program, Executive Director of the Hollywood CRA, Senior Vice President for Planning Safety and Design at the Downtown Cleveland Alliance, the first professional planner for the City of Palm Beach Gardens, Executive Director with Akron's University Park Alliance, and Senior Economic Development Advisor at the University of Akron's Office of the President. Ken was also responsible for strategic communications and fundraising initiatives related to safety in multiple settings in Florida and Ohio, and he helped substantially improve media coverage regarding safety in Cleveland, Akron, and Hollywood. For more details about Ken's experience, training, and successes, please see Appendix A. Ken Stapleton & Associates Boynton S each CRA SOfety Services Copyright 20.14 Our Safedesign' approach has been developed throughout 20 years of working directly with economic and downtown development initiatives, including strong partnerships with police, private security, urban designers, citizen groups, students, engineers, and others. Safedesign' is a comprehensive approach that uses improvements to the physical environment, programs /patrols, and strategic communications. The fundamental strength and uniqueness of our approach stems from a purposeful focus on BOTH real and perceived safety in ways that measurably improve community engagement, social capital, cohesiveness, sustainability, community health, Economic development, and private investment. This 51's System" differs from most community safety approaches as follows: intentional— we avoid the "if you build new they will feel safer" paradox by directly connecting each of our detailed recommendations to a proven crime prevention approach, not just generalized "eyes on the street" or "better lighting" concepts found in most plans. integrated — our cost- effective "More Than Just Polices' approach helps clients utilize many other existing resources and programs in their efforts to improve real and perceived safety. innovative — because our work combines CPTED, urban design, program management, real estate master planning, social capital development, perception metrics, disorder crime management, and strategic communications at every step, our solutions go far beyond others that focus almost exclusively on technology, patrols, and target hardening. Innovative concepts include Safety Thresholds, Total Travel Path"" Analyses, positive - indirect messaging, and Informal Social Interaction enhancements to change fundamental dynamics and accelerate progress. 'A impactful — we focus on impacts and measure real progress, not just efforts (eg. pounds of trash picked up) or generalized crime statistics. investors — the communities we serve need new investors — from homeowners to small businesses to developers. We provide solutions to improve investor confidence replacing investor fears about safety and place avoidance by potential customers and employees. Finally, while we recognize the value of valiant efforts to improve safety, we maintain a laser focus on measurable Impacts. Once carefully implemented over the initial 3 -year phase, our system of improvements to physical environment, programs /patrols, and strategic communications will result in a number of measurable benefits. These include: improved safety perceptions (both residents and potential visitors /customers), reduced crime rates, increased property values, increased pedestrian counts, reduced policing and private security costs, y` increased sales, property, and income tax revenues, and increased private development and business investment. Sample past successes include the following: Downtown Hollywood - Anniversary Park was transformed using the Safedesign`m approach. it changed from a drunk/addict space to a family space and has remained that way for over 20 years. we used .. ._._....�.,..�..� .............. ........... ........................ Ken Stapleton & Associates Boynton Beach CRA .safety Se fces 'opyr� ht 2 n{ � physical design changes, special events for children, community donations and participation in the rebuilding, and careful communications to create lasting positive impacts beyond the park site. Downtown Cleveland — strategic communications, police training partnerships, and non - police interventions reduced panhandling by over 80% in targeted areas and improved perceptions that led to major reinvestment along Euclid Avenue and near the Gateway sports complex. Downtown Cleveland — careful design review, design guidelines, physical improvements, and communications strategies helped substantially improve real and perceived safety related to housing in the Warehouse, Theater, and Gateway districts, leading to major investments in new housing and hotels, with over 2000 rooms /units constructed over 5 years. South (Beach — a series of physical improvements to Lincoln Road improved perceptions and decreased panhandling, providing the beginning of the resurgence. University Park Akron — a comprehensive group of activities including events, public art, physical improvements, GIS crime analysis, homeless outreach, regular focus groups, careful place -brand development, Safedesign' project reviews, streetlight monitoring, and university police partnerships substantially improved safety perceptions and attracted major reinvestment in housing and retail. Property values rose 15% in 4 years while the rest of the City remained stagnant. As mentioned above, our approach focuses on how various "investors" respond to the place brand, with the ultimate goal of improving investor confidence to a level that results in the commitment of time, resources, energy, and endorsement of and in Boynton Beach. Investors include homeowners, small business people, teal estate developers and commercial property owners, state and federal governments, foundations, non - profit groups, institutions, and more. Less directly, we also evaluate key transient consumer groups like shoppers, renters, and visitors because of their importance to business and property investors. We also use a Master Developer perspective as we evaluate opportunities and develop strategies. Fundamentally, we imagine how to maximize value and prosperity for the entire downtown or district by thinking of it as a single development controlled by one developer. Most places in Florida were actually created this way by visionary developers who thought about the fundamental character of the community, the positive natural features, the defining entrances, the vistas created by streets and waterways, real and perceived safety, and of course the best way to maximize value and profits. Our modern models are places like PGA National, Stapleton in Denver, Disney's Celebration, and Crocker Park near Cleveland. All these places have carefully developed and managed place brands, and older communities can learn much from them. K en Staple Associates Boynton Beach CRS Safety Services � Copyriql ft ach While we carefully customize our approach for each community, a careful sequence of activities provides the best results. Typically, this involves a number of distinct efforts as follows: 1. Assessment phase — In addition to review of past studies, plans, crime statistics, media coverage, past CPTED reviews, and a wide variety of program descriptions or progress reports, this work typically includes an evaluation of physical conditions (level of detail varies), interviews of key stakeholders, community meetings, and reviews of media coverage and marketing plans, among other items. More detailed assessments of physical environments, focus groups, or crime statistics are provided as extra services depending on the exact nature of the current conditions and project goals. We begin this phase with a kickoff meeting with client staff members. 2. Educational hase — Because our approach is designed in part to change people's perspective about addressing real and perceived safety, there is often a need to convey new concepts and techniques in the form of public training sessions, facilitated discussions with leadership, field training exercises, and even feedback loops. Such sessions are customized to each client /situation, and can vary from a 20 minute PowerPoint presentation to multi -day training sessions. 3. Recommendations phase — Given the comprehensive nature of our approach, our recommendations can be quite extensive and often take the form of an action plan. The level of detail for each plan will vary depending on the needs of the client and the specifics of our assignment. 4. Guidance and monitoring phase — Many of our recommendations require new ways of thinking and managing real and perceived safety. As staff members work to implement these concepts, it often helps to have additional guidance available in the form of regular tails /meetings or in the form of regular monitoring of progress. Given our understanding of current conditions and client requirements, we are proposing an initial engagement with Boynton Beach CRA that includes a general assessment as follows: w�� Review of an extensive array of background materials and statistics (see detailed list in Appendix B). Our goal here is to better understand the shared community vision, market dynamics related to safety, current efforts to measure and manage real and perceived safety, and current efforts that may be inadvertently or unintentionally impacting safety perceptions. A series of key stakeholder andstaff interviews about both real and perceived safety issues and current efforts by various partners (see list in Appendix C) At least 20 interviews. A 1 -hour invitation -only presentation for up to 25 people highlighting: • the connection between safety perceptions and investor /customer place avoidance • key metrics for managing real and perceived safety • fundamentals of the Safedesign' approach One initial focus group to better assess existing perceptions of realtors or a client - selected group. This will help provide insights that survey instruments cannot, as we carefully navigate the challenges of people admitting fear and place- avoidance behaviors. The group will contain only women because . ................... ____ ....................... r ... m. Ken S tap l eton & Associates B oynton Be CRA Safety services Co . 2014 �� iF women make the vast majority of purchase and place decisions, and because — as a group - they almost always have a higher safety threshold than men. A general scan of environmental conditions throughout the downtown. This will include both daytime and late night visits, identification of both positive features and trouble spots, and general guidance about needed improvements or additional community safety audits. A preliminary Safedesign' review of the available TOD District plans or draft documents — with initial feedback presented to the design /planning team; f � 'i A minimum of 5 meetings with BBCRA staff as we develop and refine our recommendations; Draft and final reports highlighting opportunities to improve programs /projects and ROI related to real and perceived safety, improved metrics for perceptions, recommended additional assessments, and immediate next steps; and One public presentation to the BBCRA Board or another client- selected group regarding our findings and recommendations. Deliverables Stakeholder interviews feedback report Focus group report Training presentation and handouts Assessment report and recommendations (draft and final) Public presentation of our findings and recommendations For clarity, it is important to note that this phase of work will not include these optional services: In -depth Safedesign training for staff, designers, and community members (4 —20 hours) Participation in any public community feedback meetings, discussions, or safety audits Detailed recommendations about perception surveys (general suggestions will be included) Detailed evaluation and recommendations about current or proposed programs Detailed communications recommendations (general suggestions will be included) Full assessment of place -brand and development of repositioning strategies Strategic update of 2009 Downtown Vision and Master Plan Total Travel Path' Analyses (key pathways will be identified and general suggestions made) & Detailed recommendations about design guidelines, lighting standards, clean /safe operations, or homeless /panhandling solutions. (general suggestions will be included) Community Safety Audits facilitation Strategic Communications for Safety Pla n — including crisis communications plan si Detailed Safedesign'"° reviews of specific projects (public or private) (e.g. Town Square plan) -t A comprehensive Safedesign' Action Plan. Ongoing monitoring, progress assessments, and guidance. Fees for any optional services depend on the scope of work, and the timing for completion. .- ....__ ....... _ . � ..........._.. -. Ken Stapleton too Associates Boynton Beach CRA Safety Sei ices Copyrip 20 4 111 "' �, C lient s �contract e Provfor sery ices that attaches this proposal. Contracting entity is Safedesign Institute dba Ken Stapleton & Associates. Provide background materials, reports, and other information in a timely manner. Recruit interview, presentation, and focus group participants and manage all logistics of those meetings, Including video recording equipment for the focus group. Provide location and audio visual equipment for the 1 -hour training presentation. Provide feedback on draft reports in a timely manner. Provide timely notification of meetings scheduled. Schedule and Fees Work will start upon execution of a contract and will be concluded by September 30, 2014 as long as background information and meeting logistics are provided in a timely manner by the client. A project kick -off meeting will be held within 10 business days of contract execution, and the exact schedule of other tasks will be determined at that meeting. A lump sum fee for services of $19,000 will be payable as follows: $3,000 at time of kick off meeting, $5,000 upon receipt of the Stakeholder and Focus group reports, and $5,000 upon receipt of the draft Assessment report, $1,000 upon completion of the training session, and $5,000 upon acceptance of the final report and completion of the public presentation. No travel or indirect costs will be billed for this project. Any costs for required additional insurance coverage will be billed to the client without markup. Any costs for GIS crime mapping subconsultant will be billed to the client along with a 10% administrative fee. The initial payment of $3,000 is payable the day of the kick off meeting. Other payments are due within 30 days of invoice. Payments beyond the 30 day period will include a 5% late fee. Payments later than 60 days will include a 20% late fee. This proposal is valid through July 8, 2014. t `n, President June 4, 2014 Ken =aple Ken Stapleton Associates B oynton Sea A Safety y e ices 0' � o r fit I ,,, I � f Ken Stapleton & Associates Appendix - Qualifications Pres Ken Stapleton, With over 29 years of urban revitalization and economic development experience, Ken most recently served as Senior Economic Development Advisor and Executive Director of the award - winning University Park Alliance for The University of Akron (UA). Reporting directly to University President Luis M. Proenza, Ken was responsible for the revitalization of the neighborhoods surrounding this prominent urban university. He also provided strategic guidance for UA's local and regional economic development initiatives, and helped attract over $15 million in grants for UPA and UA initiatives. Previously, Ken served as Senior Vice President of the Downtown Cleveland Partnership (DCP) where he initiated and led their efforts to revitalize lower Euclid Avenue, Cleveland's Main Street, resulting in over $400 million in real estate investment in only six years. Ken's other projects at DCP included management of DCP's advocacy efforts on over $1 billion in major infrastructure projects, and management of all safety initiatives. Prior to his tenure in Cleveland, Ken worked as a redevelopment expert in several South Florida cities, including work in Downtown Miami and South Beach. He is also an expert in urban safety programs and holds a master's degree in Urban and Regional Planning from the University of Illinois. Other recent engagements have included: a& Creating a Clean and Safe Action Plan to address real and perceived safety for the Riviera Beach CRA; J Leading a technical advisory team to provide guidance for the Duluth Creative Corridor; Assisting with a strategic action plan for the Near East Neighborhood in Columbus, Ohio; Providing guidance for the development of the UniversityCity Alliance, a partnership between Florida International University(FIU), the City of Sweetwater, and others. The group is working to transform the areas surrounding FIU's main campus into Miami's next urban revitalization success story; Leading a team project in Macon, Georgia, to help reorganize and reposition the College Hill Corridor initiative. The CHC was able to use the team's business plan to attract an additional $5 million grant to support the effort and attracted two new development projects within a year of the team's report; and Providing recommendations about anchor institution partnerships to the Ohio Board of Regents. Ken is a 2004 University of Miami Fellow of the Knight Program in Community Building, a member of the Urban Land Institute, a member of the International CPTED Association, and a graduate of Leadership Akron Class XX. He has served on the boards of the Downtown Akron Partnership, Rebuilding Together of Summit County, and a number of other urban revitalization non - profits. _.._ __ ... _ ... _ ......................... _. ... _ .................... _...._ .__ ... _ ... _...................... . Ken Stapleton & Associates Boynton Beach CA S Se ices - Co r o Relevan Pas Clients and Prniprt Riviera Beach CRA Florida International University Clean & Safe Action Plan Columbus Near East Initiative (PACT) Mercer University Downtown Cleveland Housing Initiatives The College Hill Corridor Commission Spicer Village Townhomes, Akron Lincoln Road Development Corporation City of Miami Beach Cleveland Neighborhood Development Coalition Health Line BRT, Cleveland The University of Akron /University Park Alliance Cleveland Wayfinding Signage Program DDA Miami Safe Neighborhoods Plans — Miami Beach Euclid Avenue Revitalization initiative, Downtown Cleveland City of Sweetwater, Florida Ohio Board of Regents University of Miami Florida Crime Prevention Institute Duluth Creative Corridor R R elevant Serv . BOMA Cleveland Safety Task Force Mayor's Streetscape Advisory Committee — Cleveland University of Akron Safety Task Force and Clery Act Subcommittee Downtown Cleveland Partnership Safety Committee Cleveland Public Square Advisory Group Brooklyn Centre Safe Neighborhoods Steering Committee Downtown Akron Partnership Board Relevant Publ ication s Contributor— Safety Section — The language of Towns and Cities D hiruThadani, editor. 2010. "Safe Main Streets, a More Than Just Police Approach" in Disco ver Downtown: Ra rence i Down t Revitalization Downtown Ohio, Inc. "Social Capital Theory and the Metropolitan University: Reframing Ideas about Neighborhood Interactions" with Gregory K. Plagens in Metrovoliton U niversities ! rn 1 . Vol 21 No. 3. July 2011. - ......... �....... is e�n Stg ie'to socigte 13ayo beach Sety � ice,s Ift Co r; hr 20.1 KENNETH C. STAPLETON 2555 Collins Avenue, #1406 Miami Beach, FL 331 216.849.6494 - KenStap1eton2012@grnai1.com EXPERIENCE Urban Revitalization Consultant 1955 P resent Provide variety of strategic planning, real estate, sustainability, policy research, fundraising, urban safety, and organizational development consulting services to redevelopment agencies, universities, non- profits, and governments such as Florida International University, Riviera Beach CRA, Mercer University,, Kent State University, City of Miami Beach, & Centre City McMurray. Regular training presentations at national and regional professional development conferences and seminars — Urban Land Institute, Florida Redevelopment Assoc., Florida APA, UEDA, Coalition of Urban Serving Universities, and International Economic Development Council. Senior Economic Development AdviVr Executive erector, U 've i Par ce. io Feb 2003 -lung 201 Office of the President, The University of Alcron Reported directly to University President Luis M. Proenza, providing expertise for the University's real estate, sustainability, and economic development initiatives. Accomplishments included: Expanding community partnerships in the Alliance to include: Greater Akron Chamber, City of Akron, several Health Systems, the Akron Beacon journal, and Akron Public Schools. Attracting and managing more than $13 million in national and local funding for these land use and revitalization development initiatives, including over $500,000 for parks. Representing the University of Akron in National, State, and Regional Economic Development and Urban Policy coalitions, including work in Washington, D.C. Leading a parks improvement initiative in partnership with the City, Schools, and University students and staff, including a comprehensive analysis and improvements plan for the neighborhood, specific improvements to several parks, and expert advice regarding safety. Leading highly - successful revitalization efforts for mixed -use neighborhoods in a 50 -block area surrounding the University, including managing multi - disciplinary teams composed of members from multiple organizations and governments. Developing and managing major marketing and Public Relations initiatives that resulted in extensive positive media coverage throughout Ohio and the United States. 'en Stapleton & Assoclotes Boynton Beach CRS Safety Services Copyright - Kenn . Sfailleton nn e Senior Vice President- Downtown Cleveland Partnersbi - 1995-2003 ■ Leadership of planning, public realm, and real estate development efforts, including management of multi- disciplinary consultant teams. Served as organizational spokesperson for transit, housing, and safety initiatives and actively participated in media management efforts. Point person for multiple parks and open space initiatives. ■ Supervised creation and implementation of district revitalization strategic plan that resulted in over $400 million of investment within 6 years; investment now exceeds $2 billion, including the Health Line BRT and related TOD projects. ■ Secured & directed the strategic investment of $500,000+ in grants & funding for economic and real estate development projects that leveraged over $30 million of private investment in Iess than 2 years. Executive Director Brooklyn Cerntye 2 -1994 ■ Managed community -based non -profit in one of Cleveland's most historic and challenged neighborhoods. Coordinated LIWOHistoric tax credits housing project involvement, created special safety plan, improved marketing and events efforts, and strengthened partnerships with several churches and other non -profit organizations. Executive Director it od Florida — RA 1990-1991 ■ Managed major downtown revitalization program, including site acquisition and disposition, innovative marketing and arts /culture programs, and the transformation of a ' "nuisance" urban park into a major downtown asset — with only $20,000 in cash. Urban Land Use Plan rnirn Fit xi a 1983-198 West Palm Beach, Palm Beach Gardens, Miami Beach ■ Provided professional guidance on variety of land use issues and projects, including environmental impacts, open space development, and waterfront development issues. Managed public discussion and approval processes for major development projects. EDUCATION ■ Knight Fellow in Community BuiIdin& University of Miami, Class of 2004 a Master's of Urban Planning, University of Illinois at Urbana — Champaign. ■ Bachelor of Arts - Biology, Magna Cum Laude, Thomas More College, KY, AF • Full Member, The Urban Land Institute - Sustainabiiity Committee SE Florida • Member, International CPTED Association • Member, International Downtown Association • Member, Florida Redevelopment Association Ken Stapleton & _ Associates _ ________ Boynton Beach eA di S_qfetyService s Copyright ht , 2014 Ken Stapleton L f} Assodates Append ri Revi ewed (Note: This is an initial list. Other information e requested s our assessment proceeds) Consumer survey results for past three years (access to raw data is requested so we can evaluate additional crass - tabs). if possible, this should also include student /parent feedback about downtown from various higher education partners. Also, any consumersurveys related to downtown parking and transit facilities. a Overall redevelopment and economic development plans and programs Part 1 crime statistics for the district /downtown for the last 5 years GIS /Pin maps of Part 1 crimes by quarter for the last 2 years (if available) Program descriptions of any current or planned public security camera systems, including locations Program descriptions, evaluation reports, and management details for any Clean and Safe programs Previous reports related to homeless and panhandling, including current Continuum of Care plans Plans and market studies related to public parking Latest ava1lable studies for retail, office, housing Current design guidelines, land use regulations, and design review procedures Current minimum lighting and landscaping standards for various uses and locations within downtown Downtown media coverage records /stories for the past 15 months (both crime and non - crime) Current marketing plans, including descriptions of planned and past events Pedestrian count reports for the past 5 years Current regulations governing panhandling, camping, and drinking in public places Current programs and regulations related to street vendors Plans for any new wayfinding signs, banners, or street name signs Program descriptions for any district hospitality management efforts related to late -night bars Plans for other public realm improvements like public art, planters, benches, bus shelters, etc. Other progress metrics currently in use Site plans and elevations for any new private developments e Any CPTEb reviews /reports in the last 3 years any` ..n._................... "err Stapleton & Associates Boynton Beach CRA Safety Services C"o y ig& 201 s 1(� f {{ P 3� F � Ken Stapleton & Associates r r t ri WS C2mmunity&overnment B usiness owners Residents Police chlef and o fficers 3 Planning director Developers Private security managers h rnberof Co rn m�erce Exec, 1 °isitors Bureau Exec, 1 6tV PR !cation 1 Events secur manager C ity ED Director 1 Parking Director Residential Property ev/Owners R R b rd Executive Director 1 B usiness Development ent � Asst. Director 1 Marketing Board Chair B oard em er � F s Grout pic r� 1 Real Estate Brokers — Retail/Housin Suburban women — upper income Medical employees —women Ken st ,,t�r S t ap l e ton Ass Boynt , is � tit,, r 11 1 Ken Stapleton C lient/P rofessi onal Cleve Primary Contact: D Michael Bloom, Associate Vice President Kent State University (216) 225 -3528 mbloomllftent,edu r i t !g!tyI Primary Contact. Tom Gustafson Florida International University (954) 661 -7848 Thcsmt�cr, Riviera Beach CRA P rimary - Annetta Jenkins (305) 284 -4019 aki�� IVIJB Cons i P rimary Mike Berne (917) 816-8367 r�sibrr�ec�s�itrr� "sb.o Ken Sta & Associotes Boynton Beach CRA Safety Se ices LIN 'opyr°i 14 PROFESSIONAL SERVICES AGREEMENT THIS AGREEMENT made and entered into between Ken Stapleton & Associates hereinafter referred to as "Ken Stapleton" and the Boynton Beach Community Redevelopment Agency, a municipal corporation, hereinafter referred to as "CRA," whose address is 710 N. Federal Highway, Boynton Beach, Florida 33435. WHEREAS, the CRA is in need of professional services to provide Safety Assessment Services hereinafter referred to as "Safety Assessment". WHEREAS, Ken Stapleton has the unique knowledge and ability to provide the Safety Assessment Services as outlined in the Safety Assessment Services Proposal attached hereto as Exhibit "A". THEREFORE, and in consideration of the mutual covenants and promises set forth herein, the parties to this mutual understanding do hereby agree as follows: 1. The CRA shall not be responsible for any property damage or personal injury sustained by Ken Stapleton from any cause whatsoever, prior, during or subsequent to the period of time during which this mutual understanding is in effect. Ken Stapleton hereby waives discharges and releases the CRA, its agents and employees from liability for the negligent acts of CRA or its employees and agents. 2. Ken Stapleton shall indemnify, save and hold harmless the GRA, its agents and employees from any claim, demand, suit, loss, cost of, expense or damage which may be asserted, claimed or recovered against or from CRA or CA's agents or employees, by reason of any damage to property or person, including death, sustained by any person whomsoever, which damage is incidental to, occurs as a result of, or arises out of the negligent or wrongful act(s) of Ken Stapleton. 3. Ken Stapleton shall not subcontract or transfer this understanding to any individual, group, agency, government, non-profit or profit corporation. 4. Ken Stapleton shall obtain all insurance required by the CRA and include, along with the executed agreement, a Certificate of Insurance of at least $1,000,000 liability limits. The CRA is to be included as "Additional Insured" with respect to liability arising out of services performed by Ken Stapleton by or on behalf of the CRA or acts or omissions of Ken Stapleton in connection with such services. The insurance must remain in force throughout the term of this Agreement. 5. Ken Stapleton shall not discriminate against any person on the basis of race, color, religion, ancestry, national origin, age, sex, martial status, sexual orientation or disability in its hiring or contracting practices for any reason associated with this Agreement. 6. This Agreement alone sets forth all the covenants, promises, mutual understandings, conditions and understandings between the parties hereto. There are no covenants, promises, mutual understandings, conditions or understandings, either oral or written between the parties other than those herein set forth. No Agreement shall be binding upon the parties unless and until it is reduced to writing and signed by both Ken Stapleton and the CRA. 7. If any term or provision of this Agreement shall, to any extent, be deemed invalid or unenforceable, the remainder of this Agreement shall be valid and shall be enforced to the fullest extent oft the law. 8. Ken Stapleton will be paid as follows: a. $3,000 at the time of the kick -off meeting b. $5,000 upon receipt of the Stakeholder and Focus group reports c. $5,000 upon receipt of the draft Assessment report d. $1 ,000 upon completion of the training session e. $5,000 upon acceptance of the final report and completion of the public presentation 9. Ken Stapleton agrees nothing contained in the Agreement shall be deemed or construed as creating a partnership, joint venture, or employee relationship. Ken Stapleton is acting as an independent contractor. Ken Stapleton attests that he/she possesses a current personal accident/health insurance policy. Ken Stapleton agrees that photographs and /or video taken are the property of the CRA and could be used in promotional material. 10. The CRA is public agency subject to Chapter 119, Florida Statutes. Ken Stapleton shall complywith Florida's Public Records Law. Specifically, Ken Stapleton shall: 1. Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the service; 2. Provide the public with access to such public records on the same terms and conditions that the CRA would provide the records and at a cost that does not exceed that provided in Chapter 119, Fla. Stat., or as otherwise provided by law; 3. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law; and 4. Meet all requirements for retaining public records and transfer to the CRA, at no cost, all public records in possession of Ken Stapleton upon termination of the Agreement and destroy any duplicate public records that are exempt or confidential and exempt. All records stored electronically must be provided to the CRA in a format that is compatible with the information technology systems of the CRA. The failure of Ken Stapleton to comply with the provisions set forth in this Agreement shall constitute a default and breach of this Agreement. If Ken Stapleton fails to cure the default within seven (7) days' notice from the CRA, the CRA may terminate the Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year written below. Signed and agreed on this the day of 2014. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ....,r....._ ............. . Gerald Taylor, Chair KEN ST TI & ASSOCIATES Ken Stapleton, President k o A BOYNTON CRA BOARD MEETING OF: August 12, 2014 si ess J Legal ( I Executive Director's Re art SUBJECT: Consideration of Purchase Agreement between Nathaniel Robinson and the CRA for the Property Located at 517 NE I" Street (Cottage District). SUMMARY: Nathaniel Robinson is the owner and occupant of 517 NE I" Street. This property is of interest to the CRA due to its location. This particular property is in proximity to properties already owned by the CRA and their importance to assemblage for future single - family development to be known as "The Cottage District ". See attached map for property location. An appraisal on the property was obtained on February 5, 2014 and is attached. The appraised value is 562,000. Based on the appraisal and discussions with the owner of the property, the CRA has made an offer of $74,000 for the property or 16% above the appraised value. See attached Purchase Agreement. In addition, the Seller has requested help with relocation assistance in the amount of $15,000 and requested to occupy the residence for a maximum of ninety (90) days after closing. See Post Closing Occupancy Agreement. In the past, the CRA Board has agreed to relocation assistance and post closing occupancy (Purchase of the Ruth .tones Cottage). FISCAL IMPACT: $89,000 Budget Line Item #02 -58200 -401 CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan COENDATIONSIOPTIONS: Approve the Purchase Agreement with Nathaniel Robinson and the CRA for the Property Located at 517 NE 1S Street (Cottage District) in the amount of $89,000 ($74,000 - Purchase Price & $15,000- Relocation Assistance). Vivian L. Broo ks Executive Director PAPA Maps http: / /www.pbegov.com/ papa / Asps / papagis /papagis.aspx ?gvalue °08... a� Gory R, W olin , CRA IM 1! ap Pr arty i � "a h lr.YtF 6 c.& „¢” oc int v Search Search Results Detai; 0 1 r yr, 1 t �I l w - Pir y r —. �.. N 611 Avg s lC 1S ROBINSON NATHANIEL Property detail s , f s I I Location 517 NE 1ST ST Municipality BOYNTON BEACH Parcel No, 08434521290030011 Subdivision SHEPARD ADD TO TOWN OF n BOYNTON IN Book 17545 Page 1697 o � ti I `{ k E Sale Date AUG- 2004 ��p" 517 NE 1STST , M ailing Address BOYNTON BEACH FLT, 33435 3814 Use Type 0100 - SINGLE FAMILY Total' 2051 Square Feet 41 t, ewe t Tools Layersi? Pant Messages Ins tructional Videos k 4l, I 1 of 1 7/28/2014 4:05 PM Integra Realty Resources t.. Appraisal of Real Property 517 (Northeast 1st Street Single - Family Property 517 Northeast 1st Street Boynton Beach, Palm Beach County, Florida 33435 1 . Prepared For: Boynton Beach CRA Effectiwe Date of the Appraisal: February 5, 2014 Report Format:Ir Appraisal Report —Standard Format 9888 - Miami/Palm Beach File Number: 169 - 2014 -0044 Itll�i� - t. — � 4 r i l ✓1'l� � h � {r. s s r pw ` t g (� �\ s Fp � i li sv`' i' a t � isACsyi , - 4 � r f � I 517 Northeast 1St Street 517 Northeast 1st Street Boynton Beach, Florida Integra Realty Resources The Douglas Centre Newport Business Center Royal Palm Financial Center 2600 Douglas Road, Suite 801 1324 W Newport Center Dr. 819 S. Federal Hwy, Suite 201 Coral Gables, FL 33143 Deerfield Beach, FL 33442 Stuart, FL 34994 w ww,irr.com (305) 670 -0001 {954} 857 -2100 (772) 463 -4131 t February 20, 2014 Theresa Utterback Administrative Services Manager Boynton Beach CRA 710 North Federal Highway Boynton Beach, FL 33435 SUBJECT: Market Value Appraisal 517 Northeast 1st Street Boynton Beach, Palm Beach County, Florida 33435 IRR - Miami /Palm Beach File No. 169- 2014 -0044 Dear Ms. Utterback: Integra Realty Resources — Miami /Palm Beach is pleased to submit the accompanying appraisal of the referenced property. The purpose of the appraisal is to develop an opinion of the market value of the fee simple interest in the property. The client for the assignment is Boynton Beach CRA, and the intended use is for property acquisition purposes. The appraisal is intended to conform with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, applicable state appraisal regulations, and the appraisal guidelines of Boynton Beach CRA. To report the assignment results, we use the Appraisal Report option of Standards Rule 2- 2(a) of the 2014 -2015 edition of USPAP. As USPAP gives appraisers the flexibility to vary the level of information in an Appraise! Report depending on the intended use and intended users of the appraisal, we adhere to the Integra Realty Resources internal standards for an Appraisal Report — Standard Format. This type of report has a moderate level of detail. It summarizes the information analyzed, the appraisal methods employed, and the reasoning that supports the analyses, opinions, and conclusions. It meets or exceeds the former Summary Appraisal Report requirements that were contained in the 2012 -2013 edition of USPAP. Theresa Utterback Boynton Beach CRA February 20, 2014 Page 2 The subject is an existing single family property. The improvements were constructed in 1947, total 1,237 square feet of rentable area, and are in fair condition as of the effective appraisal date. The site area is 0.23 acres or 10,014 square feet. Based on the valuation analysis in the accompanying report, and subject to the definitions, assumptions, and limiting conditions expressed in the report, our opinion of value is as follows: Value Conclusion Appraisal Premise Interest Appraised Date of Value Value Conclusion MarketVaiue Fee Simple February S, 2014 $62,000 Extraordinary Assumptions and Hypothetical Conditions Thevalue conclusions are subject to the following extraordinary assumptions that may affect the assignment results. An extraordinary assumption is uncertain information accepted as fact. If the assumption is found to be false as of the effective date of the appraisal, we reserve the right to modify our value conclusions. N /A- None. Thevalue conclusions are based on the following hypothetical conditions that may affect the assignment results. A hypothetical condition is a condition contrary to known fact on the effective date of the appraisal but is supposed for the purpose of analysis. N /A- None. If you have any questions or comments, please contact the undersigned. Thank you for the opportunity to be of service. Respectfully submitted, Integra Realty Resources - Miami /Palm Beach Harry C. Newstreet, MAI State Certified General Real Estate Appraiser Florida Certificate # RZ 2278 Director - Broward Telephone: 772 - 463 -4131 Ext. 211 Email: hnewstreet @irr.com L Table of Contents Summary of Salient Facts and Conclusions 1 Valuation 24 General Information 2 Valuation Methodology 24 Identification of Subject 2 Sales Comparison Approach 25 Current Ownership and Sales History 2 Value Indication 29 Purpose of the Appraisal 2 Reconciliation and Conclusion of Value 30 Definition of Market Value 2 Exposure and Marketing Times 30 Definition of As Is Market Value 3 Certification 31 Definition of Property Rights Appraised 3 Assumptions and Limiting Conditions 33 Intended Use and User 3 Applicable Requirements 3 Addenda Report Format 4 A. Appraiser Qualifications Prior Services 4 B. Comparison of Report Formats Scope of Work 4 C. Property Information Economic Analysis 6 D. Engagement Letter Palm Beach County Area Analysis 6 Surrounding Area 11 Property Analysis 14 Land Description and Analysis 14 Improvements Description and Analysis 16 Real Estate Taxes 21 Highest and Best Use 22 517 Northeast 1st Street Ilrt' Summary of Salient Facts and Conclusions 1 Summary of Salient Facts, and Conclusions i Property Name 517 Northeast 1st Street Address 517 Northeast 1st Street Boynton Beach, Palm Beach County, Florida 33435 Owner of Record Nathaniel Robinson Tax ID 0843-45-21-29-003-0011 Land Area 0.23 acres; 10,014 SF Gross Building Area 2,051 SF Rentable Floor Area 1,237 SF Year Built 1947 Zoning Designation R -2, Residential Highest and Best Use - As if Vacant Residential use Highestand Best Use -As improved Continued residential use Exposu re Ti me; Marketing Period 3 to 6 months; 3 to 6 months Effective Date of the Appraisal February 5, 2014 Date of the Report February 20, 2014 Property Interest Appra ised Fee Si mple Market Value Indications Cost Approach Not Used Sales Comparison Approach $62,000 ($62,000 /Unit) Income Capitalization Approach Not Used Ma r ket Va I ue Concl us i on $62,000 ($ 62,000 /Unit) The va lues reported above are subject to the defi nitions, assumptions, a nd limiting conditions set forth in the accompa nying report of which this summary is a pa rt. No pa rty other than Boynton Beach CRA may use or rely on the information, opinions, a nd conciusions contained In the report, It is assumed that the users of the report have read the entire report, includinga11 of the definitions, assumptions, and limiting conditions contained therein. Extraordinary Assumptions and Hypothetical Conditions The value conclusions are subject to the following extraordinary assumptions that may affect the assignment results. An extraordinary assumption is uncertain information accepted as fact. If the assumption is found to be false as of the effective date of the appraisal, we reserve the right to modify our value conclusions. N/A - None. The value conclusions are based on the follow! ng hypothetical conditions that may affect the assignment results. A hypothetical condition is a condition contrary to known fact on the effective date of the appraisal but is supposed for the purpose of analysis. N /A- None. 517 Northeast 1st Street ®r General Information 2 General Information Identification of Subject The subject is an existing single family property. The improvements were constructed in 1947, total 1,237 square feet of rentable area, and are in fair condition as of the effective appraisal date. The site area is 0.23 acres or 10,014 square feet. A legal description of the property is in the table below. Property Identification Property Name 517 Northeast 1st Street Address 517 Northeast 1st Street Boynton Beach, Florida 33435 Tax ID 08- 43- 45 -21 -29 -003 -0011 Legal Description SHEPARD ADD N 100 FT OF LT 1 BLK 3 Census Tract Numbe 61 Current Ownership and Sales History The owner of record is Nathaniel Robinson. This party acquired the property from Arline Robinson on August 6, 2004 for a price of $10. The transaction is recorded in OR Book 17545 Page 1697 of the Palm Beach County public records. To the best of our knowledge, no sale or transfer of ownership has occurred within the past three years, and as of the effective date of this appraisal, the property is not subject to an agreement of sale or option to buy, nor is it listed for sale. Purpose of the Appraisal The purpose of the appraisal is to develop an opinion of the market value of the fee simple interest in the property as of the effective date of the appraisal, February 5, 2014. The date of the report is February 20, 2014. The appraisal is valid only as of the stated effective date or dates. Definition of Market Value Market value is defined as: "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: Buyer and seller are typically motivated; Both parties are well informed or well advised, and acting in what they consider their own best interests; r 517 Northeast 1st Street General Information 3 A reasonable time is allowed for exposure in the open market; Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale." (Source: Code of Federal Regulations, Title 12, Chapter 1, Part 34.42(8); also Interagency Appraisal and Evaluation Guidelines, Federal Register, 75 FR 77449, December 10, 2010, page 77472) Definition As is market value is defined as, "The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal's effective date." (Source: The Dictionary of Real Estate Appraisal, Fifth Edition, Appraisal Institute, Chicago, Illinois, 2010; also Interagency Appraisal and Evaluation Guidelines, Federal Register, 75 FR 77449, December 10, 2010, page 77471) Definition s Appraised Fee simple estate is defined as, "Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat." (Source: The Dictionary of Real Estate Appraisal, Fifth Edition, Appraisal Institute, Chicago, Illinois, 2010) Intended Use and User The intended use of the appraisal is for property acquisition purposes. The client and intended user is Boynton Beach CRA. The appraisal is not intended for any other use or user. No party or parties other than Boynton Beach CRA may use or rely on the information, opinions, and conclusions contained in this report. Requirements Applicable This appraisal is intended to conform to the requirements of the following: • Uniform Standards of Professional Appraisal Practice (USPAP); • Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute; • Applicable state appraisal regulations; Interagency Appraisal and Evaluation Guidelines issued December 10, 2010; Appraisal guidelines of Boynton Beach CRA. 517 Northeast 1st Street I General Information 4 Report Format This report is prepared under the Appraisal Report option of Standards Rule 2 -2(a) of the 2014 -2015 edition of USPAP. As USPAP gives appraisers the flexibility to vary the level of information in an Appraisal Report depending on the intended use and intended users of the appraisal, we adhere to the Integra Realty Resources internal standards for an Appraisal Report — Standard Format. This type of report has a moderate level of detail. It summarizes the information analyzed, the appraisal methods employed, and the reasoning that supports the analyses, opinions, and conclusions. It meets or exceeds the former Summary Appraisal Report requirements that were contained in the 2012 -2013 edition of USPAP. For additional information, please refer to Addendum B — Comparison of Report Formats. Prior cs USPAP requires appraisers to disclose to the client any other services they have provided in connection with the subject property in the prior three years, including valuation, consulting, property management, brokerage, or any other services. We have not performed any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three -year period immediately preceding acceptance of this assignment. Scope of Work To determine the appropriate scope of work for the assignment, we considered the intended use of the appraisal, the needs of the user, the complexity of the property, and other pertinent factors. Our concluded scope of work is described below. Valuation Methodology Appraisers usually consider the use of three approaches to value when developing a market value opinion for real property. These are the cost approach, sales comparison approach, and income capitalization approach. Use of the approaches in this assignment is summarized as follows: Approaches to Value Approach Applicability to Subject Use in Assignment host Approach Applicable Utilized Sales comparison Approach Applicable Utilized Income C Approach Applicable Utilized The sales comparison approach is the most reliable valuation method for the subject due to the following: There is an active market for properties similar to the subject, and sufficient sales data is available for analysis. * This approach directly considers the prices of alternative properties having similar utility. This approach is typically most relevant for owner -user properties. The income approach is not applicable to the subject because: ® 517 Northeast 1st Street General Information This approach does not reflect the primary analysis undertaken by a typical owner -user. The cost approach is not applicable to the subject considering the following: The age of the property makes estimates of accrued depreciation very subjective. • This approach is not typically used by market participants, except for new properties. Research and Analysis The type and extent of our research and analysis is detailed in individual sections of the report. This includes the steps we tookto verify comparable sales, which are disclosed in the comparable sale profile sheets in the addenda to the report. Although we make an effort to confirm the arms - length nature of each sale with a party to the transaction, it is sometimes necessary to rely on secondary verification from sources deemed reliable. Inspection Harry Newstreet, MAI, conducted an interior and exterior inspection of the property on February 5, 2014. 517 Northeast 1st Street ®rr Palm Beach County Area Analysis 6 Economic Analysis Palm Beach County Area Analysis Palm Beach County is located in southeastern Florida approximately 70 miles north of Miami. It is 1,970 square miles in size and has a population density of 687 persons per square mile. Palm Beach County is part of the Miami -Fort Lauderdale- Pompano Beach, FL Metropolitan Statistical Area, hereinafter called the Miami MSA, as defined by the U.S. Office of Management and Budget. Surrounding Area Map ,.-.. — — .3:•rm 9e1,..�z 1 � a4Pm1 ! it Ar..E. Jai. 2! a t 1 t f H? E 1 Ham 1®w+ F. r*y. ..; ... .... ... r L u n i v., Ole rm ,oli � rgan x5 te 1 Er..wyv, Lra y q5 , .�rcywES:adv u:w F b..l� ' i,r R "� �FCaara ri r a i t ­:A"ny HrYVhM1 @r }�YNWd Population Palm Beach County has an estimated 2013 population of 1,353,652, which represents an average annual 0.84 increase over the 2010 census of 1,320,134. Palm Beach County added an average of 11,173 residents per year over the 2010 -2013 period, but its annual growth rate lagged the State of Florida rate of 1.0 %. Population Trend __ .---- Population Compound Aran, 2010 Ce nsus 2013 Est, 2018 Est- 2010-2013 2013 2018 City of Boynton Beach 69,086 70,352 72,863 0.6% 0.7% Palm Beach County, FL 1,320,134 1,353,652 1,414,824 0.89 0.9 Florida 18,801310 19,356,053 20,322,385 1.0% 1.0% .......................................................... ............................... 517 Northeast 1st Street tl� Palm Beach County Area Analysis 7 Looking forward, Palm Beach County's population is projected to increase at a 0.9% annual rate from 2013 -2018, equivalent to the addition of an average of 12,234 residents per year. Palm Beach County's growth rate is expected to lag that of Florida, which is projected to be 1.0%. Emp Trends in employment are a key indicator of economic health and strongly correlate with real estate demand. Total employment in Palm Beach County is currently estimated at 498,667 jobs. Between year -end 2002 and the present, employment declined by 23,717 jobs, equivalent to a 4.5% loss over the entire period. There were declines in employment in five out of the past ten years, influenced in part by two national economic downturns during this time. Recently no clear trend has emerged, either positive or negative, but there was a net loss of jobs over the 2011 -2012 period. Although many areas suffered drops in employment over the last decade, Palm Beach County underperformed Florida, which experienced a decline in employment of 0.8% or 56,495 jobs over this period. Employment data is shown in the table that follows. E mploymen t "tom nds - - - Total EmployrraerstlY�ar €rrd) l9r�ernpltam�nt Paint Beach Palm Beach dear Czzurrty °6 Change 1lssri a 96 harge ivS9tr f Hcsrlda 2067 522,354 7,364,382 6.1% 5.7% 2003 525,201 0.5% 7,453,831 1.2% 5.7% 5.3% 2004 546,324 4,0% 7,726,652 3.7% 51% 4,6% 2005 566,649 3.7% 7,990,613 3.4;6 4.2% 3.846 2006 578,835 2.2% 8,126,237 1.7% 3.6% 3.3% 2007 567,730 -1.9% 8,014,408 -1A% 4.2% 4_0% 200$ 526,983 -7.2% 7,58S,913 -53% 5.5% 63% 2009 500,832 -5.0% 7,209,010 -5.0% 105% 10.4% 2010 500,197 -0,1% 7,260,875 0.7% 11.4% 11.3% 2011 511,718 2.3% 7,364,075 1.4% 10.7% 10.3% 2012" 498,667 -24% 7,307,887 -0.8% 9 -0% 84% Overall Change 2002.2012 - 23,717 -4.5% - 56,495 -0.8% Avg Unemp. Ram 2002 -2012 7 _0% 6.7% Unemployment Rate - November 2013 6-4% 6.3% "Tara# employment data is as &Septeml er 2012, unemployment rste data reflects the avesa,ge of 12 rriont4ts of 2012. - - Source: Buresu oflabor5tatistks and Eeonomy.com, Employment figures are from the Quarterly Census of Employment and Wagrt {QCEW). Unemployment rates are from the Current Population Survey (CPS), The figures are not seasonally adjusted. Unemployment rate trends are another way of gauging an area's economic health. Over the past decade, the Palm Beach County unemployment rate has been consistently higher than that of Florida, with an average unemployment rate of 7.0% in comparison to a 6.7% rate for Florida. This is another indication of weakness in the Palm Beach County economy over the longer term. Recent data shows that the Palm Beach County unemployment rate is 6.4% in comparison to a 6.3% rate for Florida, a negative sign that is consistent with the fact that Palm Beach County has underperformed Florida in the rate of job growth over the past two years. Major employers in Palm Beach County are shown in the following table. i 517 Northeast 1st Street Palm Beach County Area Analysis 8 M ajor Employers - Pala Beach County, F Narne Number of Fm le vees 1 Tenet Health Corpotation 4,500 2 Hospital Corporation of America 3,411 3 Florida Power & Light 3,250 4 The Breakers 2,300 5 OfficeDepot 2,180 6 U.S. Sup r Corporation 1,800 7 Florida Crystals 1,800 8 Boca Raton Resort & Club 1,630 9 AT &T 1,300 10 Pratt& Whitney Rackodyne 850 Source, €rrterprtse i°iorida, ins. G ross Domestic Produc Gross Domestic Product (GDP) is a measure of economic activity based on the total value of goods and services produced in a defined geographic area. Although GDP figures are not available at the county level, data reported for the Miami MSA is considered meaningful when compared to the nation overall, as Palm Beach County is part of the MSA and subject to its influence. Economic growth, as measured by annual changes in GDP, has been somewhat lower in the Miami MSA than the United States overall during the past eight years. The Miami MSA has grown at a 0.5% average annual rate while the United States has grown at a 1.0% rate. As the national economy recovers from the downturn of 2008 -2009, the Miami MSA continues to underperform the United States. GDP for the Miami MSA rose by 0.6% in 2011 while the United States GDP rose by 1.5 %. The Miami MSA has a per capita GDP of $40,804, which is 3% less than the United States GDP of $42,070. This means that Miami MSA industries and employers are adding relatively less value to the economy than their counterparts in the United States overall. Gross Domestic Product __._...._...._..._......._.. _ ........ ....... _ ................... ........ ...— .. ..... _._.__ .. ... _ ........... _... l' Iiui l iii Ye a .r_ .............._ _... P u ra's r 5 .... ............................... ....._ Uni t 5 #a t _____________- - - - ---- a 2004 223,630 12,199,532____ 2005 237,627 6.3% 12,539,116 2.8% 2006 246,258 3.6% 12,875,816 2.7% 2007 248,613 1.0% 13,103,341 1.8% 2008 242,771 -23% 13,016,791 -03% 2009 225,797 -5.6% 12,527,057 -3.8% 2010 229,876 1A% 12,918,931 3.1% 2011 231,361 0.6% 13,108,674 1.5% Compound %Chg (2004 -2011) 0.5% 1.0% GDP Per Capita 2011 $40,804 $42,070 50UrCC- et9'eaL9 of Economic Anal and fcoronwy coma daat,a o lui mil yyts13 The releasc cf atute and lof aV �50P dma has a Vssruger lagtVme Own aaat=M data try 517 Northeast 1st Street Palm Beach County Area Analysis 9 The figures in the table above represent inflation adjusted "real' GDP stated in 2005 dollars. Income, Education and Age Palm Beach County has a higher level of household income than Florida. Median household income for Palm Beach County is $47,875, which is 12.2% greater than the corresponding figure for Florida. M edian Household Inco - 2013 Median Palm Beach County, FL $47,875 Florida $42,662 Comparison of Palm Beach County, FLto Flo +12,2% So urce: Cia ritas Residents of Palm Beach County have a higher level of educational attainment than those of Florida. An estimated 32% of Palm Beach County residents are college graduates with four -year degrees, versus 26% of Florida residents. People in Palm Beach County are older than their Florida counterparts. The median age for Palm Beach County is 44 years, while the median age for Florida is 41 years. EducWon & fte - 2013 Percent College Graduate Median Age $09b _a__m_ �._ Q , 45' f 60% i ' „ qp 35 3D 25 3896 20% 15 10% 10 Palm Beach County, FL Florida Palen Beach Couray, Florida FL Source: Clarita s Conclusion The national economic downturn of 2008 -2009 had a greater impact on Palm Beach County than on many areas of the country, and thus far the recovery is proceeding at a slower pace. Over the long term, Palm Beach County will benefit from a growing population base and higher income and education levels. Palm Beach County experienced a decline in the number of jobs, and had consistently higher unemployment rate than Florida over the past decade. Considering all positive 517 Northeast 1st Street 10 Palm Beach County Area Analysis 10 and negative factors, we anticipate that growth in Palm Beach County will be limited, resulting in a modest level of demand for real estate in general. 517 Northeast 1st Street I Surrounding Area 11 Surrounding Location The subject is located in the Boynton Beach area of eastern Palm Beach County. Surrounding Area Map A ��- - i �'.. C I E •i J�n,e .. - .... r - .m I�rr.:., #IE 53117a ; i sa - �. � � 'H7 ill , � � 3�ui 53:8 iF� .W JM A 1! a i4 1 - Er¢ ,R i�icrar d, � �k Y - ;,a�7.+r 1 - 4 � •a 6'i:r,i Fw liu: E ° _ .3r [ y r #�,z 476 ik tt's �_ � E �,• {: 1 k AL JI t4 u3�'C9s Fro 7@rC Irr v: .. f7 Access and Linkages Primary highway access to the area is via Interstate 95, a limited access highway that crosses the Palm, Beach County area in a north /south direction. Access to the subject from 1 -95, is provided by Boynton Beach Boulevard. Local access is provided by Federal Highway and Dixie Highway, which connect the subject neighborhood to Hypoluxo, to the north, and to Delray Beach, to the south. Public bus transportation is provided by Palm Tram and provides access to greater Palm Beach County, Public light passenger rail is provided by Tri -Rail, which connects Miami - Dade, Broward, and Palm Beach Counties. Overall, the primary mode of transportation in the area is the automobile. Demographics A demographic profile of the surrounding area, including population, households, and income data, is presented in the following table. i. 517 Northeast 1st Street Surrounding Area 12 Surrounding Area Demographics PAm Beach 2013 Bti metes I-Mile Radius 3-MileRadius 5-Mile Radius Couq�y, Fl- Horlda Population 2010 13,19* 78,20* 17b,003 1,320,134 18,801,310 Population 2013 13,3*6 79,439 177,650 1 19,356,053 Population 2018 13,911 82/32 183/392 1,414,824 20,322.385 Compound %Change 2010-202: &zm 0.5m o�%. UK 110m Compo mnpnge2o13-zmsu uam oeu 0,6m u��% 1»e Households 2010 5,009 33./^, 15.319 544,:2, /,420.802 Households 2023 5,205 34,395 74575 556,320 7^31.375 Households 2018 5'507 ,s 79 580,570 8.010.659 Comp mcho"mcmmm/3 1.3m o.»m 0,5% 0.7m 119m Compound m Chan m/*zn10 1.1e *.,% 03% omm 1.0m Median Household mm~,/uzs o5/20 w0,211 m3.813 v"r $42.662 Avera Household Size 2.6 23 2.3 z^ 2�5 College Graduate m zm* 25w urw m% 26m Median A *o m 45 ** Al Owner Occupied % 63% 6596 mm /1m s/m Renter Occupied m 31% aw oum mw sam Median Owner Occupied Housing vu/vc o130,123 $127,150 ,ma.raa $1/5,097 $1+6,9*9 Median Year Structure Built m,, zvov `vna mo, zou^ Av I ,mwmnnw to Work wwxn. za �* u m --~----- — As shown above, the current population within a 3-mile radius of the subject is 79,439, and the average household size is 2.3. Population in the area has grown since the 2010 census, and this trend is projected to continue over the next five years. Compared to Palm Beach County overall, the population within a 3-mile radius is projected togrow at a slower rate. Median household income is $40,211, which is lower than the household income for Palm Beach County. Residents within a 3-mile radius have a lower level of educational attainment than those of Palm Beach County, while median owner occupied home values are considerably lower. Land Use The area io suburban in character and approximately 8Dy6developed. Land uses immediately surrounding the subject are predominantly residential with typical ages of building improvements ranging from 20 to 40 years. Property types adjoining the subject include single family and multifamily residential. Outlook and Conclusions The area is in the stable stage of its life cycle. Recent development activity has been limited due to the national economic downturn. VVe anticipate that property values will remain stable in the near future. 517 Northeast 1stStreet ® Surrounding Area 13 Boynton Beach Community Redevelopment Agency (CRA) The Boynton Beach CRA is a government agency dedicated to redevelopment of 1,650 acres in Boynton Beach. The agency is funded by Tax Increment Financing (TIF) and is legally accountable to the City Commission of Boynton Beach, the Palm Beach County Commission, the State of Florida Department of Community Affairs, the Palm Beach County Tax Appraiser and the State of Florida Auditor General. The agency intends to provide affordable housing, free special events and small business funding programs, which create a vibrant downtown core and revitalized neighborhoods. A map of the CRA boundaries and the subject's position is shown below. Boynton Beach CRA at le 517 Northeast 1st Street i Land Description and Analysis 14 Property Analysis Land Description and Analysis Land Description Land Area 0.23 acres; 10,014 SF Source of Land Area Public Records Primary Street Frontage 1st Ave. - 60 feet Shape Square Corner No Topography Level Drainage No problems reported or observed Environmental Hazards None reported or observed. Ground Stability No problems reported or observed Flood Area Panel Number 1201960004C Date September 30, 1982 Zone C Description Areas of minimal flooding Insurance Required? No Zoning; Other Regulations Zoning Jurisdiction City of Boynton Beach Zoning Designation R -2 Description Residential Legally Conforming? Yes Zoning Change Likely? No Permitted Uses Single family homes, duplex, type 1 group home, and communitygarden Minimum Lot Area 4,500 SF Minimum Street Frontage {Feet) 75' Minimum Lot Width (Feet) Front - 25', Rear - 25', Interior side - 10', Corner side -10' Maximum Building Height 25' Maximum Floor Area Ratio 0.1 ilities Service Provider Water City of Boynton Beach Sewer City of Boynton Beach Electricity Florida Power and Light Local Phone Multiie Providers 517 Northeast 1st Street 10 Land Description and Analysis 15 Easements, Encroachments and Restrictions We were not provided a current title report to review. We are not aware of any easements, encroachments, or restrictions that would adversely affect value. Our valuation assumes no adverse impacts from easements, encroachments, or restrictions, and further assumes that the subject has clear and marketable title. Conclusion of Land Analysis Overall, the physical characteristics of the site and the availability of utilities result in functional utility suitable for a variety of uses including those permitted by zoning. We are not aware of any other particular restrictions on development. Trial Map *ZU—� Will 6 ai � e � ui �{ ft �a� WE I N t � � f tt i 41t d i �1~ t X10 t 517 Northeast 1st 5t-r-eet �� Improvements Description and Analysis 16 Improvements Description i The subject is an existing single family property. The improvements were constructed in 1947, total 1,237 square feet of rentable area, and are in fair condition as of the effective appraisal date. The site area is 0.23 acres or 10,014 square feet. Construction Detail Foundation Concrete slab Structural Frame Wood frame Exterior Walls Painted stucco Roof Gable and flat Air Conditioning Centra I Improvements Analysis Quality and Condition The quality and condition of the subject is considered to be inferior to that of competing properties. Functional Utility The improvements appear to be adequately suited to their current use, and there do not appear to be any significant items of functional obsolescence. Deferred Maintenance Deferred maintenance is identified based on our inspection our inspection of the property. The deferred maintenance did not appear structural and no cost to cure the deferred maintenance was provided. For these reasons we consider the condition to be below average but do not specifically deduct for deferred maintenance. ADA Compliance Based on our inspection and information provided, we are not aware of any ADA issues. However, we are not expert in ADA matters, and further study by an appropriately qualified professional would be recommended to assess ADA compliance. Hazardous Substances An environmental assessment report was not provided for review and environmental issues are beyond our scope of expertise. No hazardous substances were observed during our inspection of the improvements; however, we are not qualified to detect such substances. Unless otherwise stated, we assume no hazardous conditions exist on or near the subject. Personal Property No personal property items were observed that would have any material contribution to market value. 517 Northeast 1st Street r Improvements Description and Analysis 17 Conclusion f Improvements Analysis In comparison to other competitive properties in the region, the subject improvements are rated as follows: Improvements Ratings [design and Appearance Average Age /Condition Below Average Room Sizes and Layouts Average Bathrooms Average Kitchens Average Landscaping Bel ow Average Garages Average Overall, the quality and functional utility of the improvements are average for their age and location. As noted previously, the condition is considered below average. 517 Northeast 1st Street rr' Improvements Description and Analysis 18 7 w t J `'' View of subject exterior View of subject rear exterior (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) t l r Y1w „ r, View of subject side exterior View of subject side exterior (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) View of living room View of bedroom (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) 517 Northeast 1st Street Improvements Description and Analysis 19 r d, u i View of bedroom View of kitchen (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) g r y t View of restroom View of laundry (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) , t > ` 6 �m;f s <, , . y , F I View of garage View of deferred maintenance (Photo Taken on February 5, 2014) (Photo Taken on February 5, 2014) 517 Northeast 1st Street Improvements Description and Analysis 20 Floor Plan S, I 7 21� 9 13 FA �r — !ea j ] Area it L rea 517 Northeast 1st Street r Real Estate Taxes 21 Real Estate Real estate tax assessments are administered by Broward County. Real estate taxes in this state and this jurisdiction represent ad valorem taxes, meaning a tax applied in proportion to value. The real estate taxes for an individual property may be determined by dividing the assessed value for a property by 100, then multiplying this amount by the millage rate. Real estate taxes and assessments for the current tax year are shown in the following table. Taxes and Assessments - 2013 Assessed Value Taxes and Assessments Ad Valorem Tax ID Land Improvements Exemptions Total Tax Rate Taxes Exemptions Direct Assessments Total 08- 43- 45- 21 -29- 003 -0011 $7,800 $42,058 $25,000 $24,858 2.269870% $395 $2s,s00 $262 $657 The millage rate is generally finalized in October of each year, and tax bills are received in late October or early November. If the taxes are paid prior to November 30 the State of Florida allows a 4% discount. The discount is reduced to 3% if the taxes are paid in December, 2% if paid in January of the following year, 1% if paid in February, and the gross taxes are due before March 31 of the following year. After March 31 the taxes are subject to interest. For reference purposes, the subject has been assigned the tax identification number indicated in the chart above. The millage in the most recent tax year is 2.269870 %. For the most recent tax year, 2013, the estimated real estate taxes for the subject are the combined assessed value of $42,901 less $25,000 in homestead exemptions, divided by 100, then multiplied by the millage rate of 2.269870% for a total of $262. In addition to real estate taxes the subject property was assessed non ad- valorem taxes in the amount of $262. The total tax liability for the subject property is $657. According to the Palm Beach County Tax Collectors Office, taxes for 2010 and 2012 have not been paid for subject property, additionally; the 2013 taxes have not been paid and are due by March 31. The total remaining unpaid tax liability is $2,787.85, $2,137.40 of which is past due. Historical real estate taxes and assessments for the current tax year are shown in the following table. Tax H1 story Total Assessed Ad VaIorem Direct Tax Year Value Tax Rate Taxes Assessments Exemptions Total %Change 2010 $78,818 0.69290% $546 $234 $75,500 $780 2011 $80,000 0.71223% $570 $262 $75,500 5832 6.6% 2012 $42,184 0.89714% $378 $262 $25,500 $640 -23.0% 2013 $42,901 032068% $395 $262 $25,500 $657 2.6% Based on the concluded market value of the subject, the assessed value appears reasonable considering an 80% assessment ratio. 517 Northeast 1st Street 10 Highest and Best Use 22 Highest Process Before a property can be valued, an opinion of highest and best use must be developed for the subject site, both as if vacant, and as improved or proposed. By definition, the highest and best use must be: • Physically possible. • Legally permissible under the zoning regulations and other restrictions that apply to the site. • Financially feasible. • Maximally productive, i.e., capable of producing the highest value from among the permissible, possible, and financially feasible uses. As If Vacant Physically Possible The physical characteristics of the site do not appear to impose any unusual restrictions on development. Overall, the physical characteristics of the site and the availability of utilities result in functional utility suitable for a variety of uses. Legally Permissible The site is zoned R -2, Residential. Permitted uses include single family homes, duplex, type 1 group home, and community garden. To our knowledge, there are no legal restrictions such as easements or deed restrictions that would effectively limit the use of the property. Given prevailing land use patterns in the area, only residential use is given further consideration in determining highest and best use of the site, as though vacant. Financially Feasible Based on our analysis of the market, there is limited demand for additional residential development at the current time. It appears that a newly developed residential use on the site would not have a value commensurate with its cost; therefore, residential use is not considered to be financially feasible. Nevertheless, we expect an eventual recovery of the market accompanied by a rise in property values to a level that will justify the cost of new construction. Thus, it is anticipated that residential development will become financially feasible in the future. Maximally Productive There does not appear to be any reasonably probable use of the site that would generate a higher residual land value than holding the property for future development of a residential use. Accordingly, it is our opinion that holding the property for future residential use, based on the normal market density level permitted by zoning, is the maximally productive use of the property. 517 Northeast 1st Street 1 Highest and Best Use 23 Conclusion Holding the property for future development of a residential use is the only use that meets the four tests of highest and best use. Therefore, it is concluded to be the highest and hest use of the property as if vacant. As Improved The subject site is developed with a single- family house, which is consistent with the highest and best use of the site as if it were vacant. Based on our analysis, there does not appear to be any alternative use that could reasonably be expected to provide a higher present value than the current use, and the value of the existing improved property exceeds the value of the site, as if vacant. For these reasons, continued residential use is concluded to be maximally productive and the highest and best use of the property as improved. Most Probable Buyer Taking into account the size and characteristics of the property and its owner occupancy, the likely buyer is an owner -user. irr. 517 Northeast 1st Street Valuation Methodology 24 Valuation Valuation Methodology Appraisers usually consider three approaches to estimating the market value of real property. These are the cost approach, sales comparison approach and the income capitalization approach. The cost approach assumes that the informed purchaser would pay no more than the cost of producing a substitute property with the same utility. This approach is particularly applicable when the improvements being appraised are relatively new and represent the highest and best use of the land or when the property has unique or specialized improvements for which there is little or no sales data from comparable properties. The sales comparison approach assumes that an informed purchaser would pay no more for a property than the cost of acquiring another existing property with the same utility. This approach is especially appropriate when an active.market provides sufficient reliable data. The sales comparison approach is less reliable in an inactive market or when estimating the value of properties for which no directly comparable sales data is available. The sales comparison approach is often relied upon for owner -user properties. The income capitalization approach reflects the market's perception of a relationship between a property's potential income and its market value. This approach converts the anticipated net income from ownership of a property into a value indication through capitalization. The primary methods are direct capitalization and discounted cash flow analysis, with one or both methods applied, as appropriate. This approach is widely used in appraising income- producing properties. Reconciliation of the various indications into a conclusion of value is based on an evaluation of the quantity and quality of available data in each approach and the applicability of each approach to the property type. The methodology employed in this assignment is summarized as follows: Approaches to Value Approach Applicability toSLIbject Use inAssignment Cost Approach Applicable Utilized Sales Comparison Approach Applicable vzilirzea income Capita lizationApproach Applicable Utilized 517 Northeast 1st Street 0 Sales Comparison Approach 25 Comparison Sales The sales comparison approach develops an indication of value by comparing the subject to sales of similar properties. The steps taken to apply this approach are: • Identify relevant property sales; • Research, assemble, and verify pertinent data for the most relevant sales; • Analyze the sales for material differences in comparison to the subject; • Reconcile the analysis of the sales into a value indication for the subject. To apply the sales comparison approach, we searched for sale transactions within the following parameters: • Property Type: Single family home • Location: Boynton Beach • Size: Three bedrooms, two bathrooms • Age /Quality: As similar to the subject as possible • Transaction Date: January 1, 2013 to present. For this analysis, we use price per unit as the appropriate unit of comparison because market participants typically compare sale prices and property values on this basis. The most relevant sales are summarized and analyzed in the following table. !fit` 517 Northeast 1st Street Sales Comparison Approach 26 Analysis of Comparable unproved Sales Dveral I Size in SF, So le Date; Effective Prop. Adjustment No. Name/Address, year 8u It Status Sale Price Rights .Applied Adjustment Comments Subject 1,237 ree Si mpi e 517 Northeast 1st Street 1947 517 Northeast lst Street Boynton Beach Pal m Beach County, FL 1 302 NE 14th Avenue 1,034 Jan -14 $78,000 Fee Simple Down Sale 1 was built in 1959 and is rated similar forage, is 302 NE 14th Avenue 1959 Closed 203 square feet smal ler and is rated inferior for size, and Boynton Beach is in above average condition and is rated greatly Palm Beach County, rL superior - 2 401 NE 14th Avenue 1,200 Jul -13 $65,000 Fee Simple None Sale2 was builtin 1956 and is rated similar forage, is 401 NE 14th Avenue 1956 Closed rated similar for size and condition. Boynton Beach Palm Beach County, FL 3 1481 3rd Street 988 Mar -13 $60,000 Fee Simple Lip Sale3 was built in 1959 and is rated similar forage, is 1481 3rd Street 1959 Closed 249 square feet smaller and is rated inferior for size, and Boynton Beach is rated slightly superior for condition. Palm Beach County, FL 4 1414 North Seacrest Bouleva rd 1,200 Feb -13 $75,000 Fee Simple Down Sale4 was built in 1956 and is rated similar for age, is 1414 North Seacrest Boulevard 1956 Closed rated similar for size, and is in above average condition Boynton Beach and is rated greatly superior for condition. Palm Beach County, FL Indicated Value $65,000 Total Ad}ustments - $3,000 Rounded $62,000 517 Northeast 1st Street I Sales Comparison Approach 27 Comparable improved Sales Map rtvr , to Arz "lit �_4vF -, � ! i; Lataa C rOs ljr tt ,etr .arE �n a p.4ardr♦e .. � � NE itiN 1Ne ; ; r� � .�� .. t4Ef .. a —h. LQIpMaGE SdEE I U r G] "int , oorh, FL 3343E DLYA - h, v 411 W 14 air. tj 6�Yr4uiiE¢.ilyft 701:5 tdF BsfrSe� ecoch, R 3N35 adc Rf�ge `4 ' ti %75J1 "Bf �N7Y.911n AYR ._ - k m, f Wi _13th Are -_ 1auius oeudbd E 17th At r' Sonh'Pe - pVJ.1Zlh' AYO L. G Er hm Eaa31, FL33435 NE 1zl)1 A-0 N RflnFfS Wey - . 11th _ '4E 11th Ara' Ave Hairs 17d - r yE. 10th Ara ` 'KA M AfA = . VL Slh ,dire - . - , ( NL .`41h AYR h I ]�W H,3 Ave ` � .? VE Eth :ova 4L 11h Ave n _ u1 14 Pw .. f - N5 71h Ave � rh � 'MR• 6th A54t LL 5.7PE7¢x E ac.ch, F_ 33475 y�E , ME tth Are 5th C5 rn V AN 401 Ae - NE 411, Av3 - - x NE :4,Y ASE WON NE 3rd fire 517 Northeast 1st Street Sales Comparison Approach 28 0. a � tt lr 3t� J sr `�� tta �t li NSli� t ls;A 'rl�h€ t��� +�' 1 .....0 :S �li�f� u�? ,r�.� - � ' „t " _ _ .'• „ Sale 1 Sale 2 302 NE 14 Avenue 401 NE 14 Avenue fi 6' t 1`�1 1 � s ! a t ty 1 — t` (sit s t �l��l { Sti! )fl r¢t tttC- s� t `i tf iF „, 4, osnn. t '�k'�fftKt2tf,; ll } t } S, t,tfx tl ,i �i ;�f� 11 i Sale 3 Sale 4 14813 rd Street 1414 N Seacrest Boulevard 517 Northeast 1st Street Sales Comparison Approach 29 Value Indication We arrive at ava|um indication as follows: Value Indication by Sales Comparison Stabilized As Is Stabilized Value Indication $ss Adjustments Unpaid taxes /ndicamdva|ue $e2/000 Rounded $62 517 Northeast 1st Street �® Reconciliation and Conclusion ofValue ]U Reconciliation and Conclusion of Value The values indicated by our analyses are asfollows: Summary of Value Indications CostApproach Not Used Sales Comparison Approach $62 Income Capitalization Approach Not Used Value Conclusion Appraisal Premise Interest Appraised Dateof Value Value Conclusion Extraordinary Assumptions and Hypothetical Conditions The value conclusions are subject to the following extraordinary assumptions that may affect the assignment results. An extraordinary assumption is uncertain information accepted as fact. If the assumption is found to be false as of the effective date of the appraisal, we reserve the right to modify our value conclusions, N/A None. The val ue concl usions are based on the following hypothetical conditions that may affect the assignment results. Ahvpnth,ticx| condition is a condition contrary vu known fact on the effective date nf the appraioa| but is supposed for the purpose of analysis. N/A None. Exposure and Marketing Times Our estimates uf exposure and marketing times are aofollows: Exposure Time and Marketing Period Exposure Time (Months) 3 to 6 Marketing Period (Months) 3 to 517 Northeast IstStreet 0 Certification 31 Certification We certify that, to the best of our Knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, impartial, and unbiased professional analyses, opinions, and conclusions. 3. We have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. 4. We have not performed any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three -year period immediately preceding acceptance of this assignment. 5. We have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 6. Our engagement in this assignment was not contingent upon developing or reporting predetermined results. 7. Our compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. 8. Our analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice as well as applicable state appraisal regulations. 9. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute. 10. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 11. Harry Newstreet, MAI, made a personal inspection of the property that is the subject of this report. 12. No one provided significant real property appraisal assistance to the person(s) signing this certification. 13. We have experience in appraising properties similar to the subject and are in compliance with the Competency Rule of USPAP, 517 Northeast 1st Street 10 Certification 32 14. As of the date of this report, Harry Newstreet, MAI has completed the continuing education program for Designated Members of the Appraisal Institute. Jn - t Harry C. Newstreet, MAI State Certified General Real Estate Appraiser Florida Certificate # RZ 2278 Director - Broward Telephone: 772 -463 -4131 Ext. 211 Email: hnewstreet @irr.com 517 Northeast 1st Street 10 Assumptions and Limiting Conditions 33 Assumptions and Limiting This appraisal and any other work product related to this engagement are limited by the following standard assumptions, except as otherwise noted in the report: 1. The title is marketable and free and clear of all liens, encumbrances, encroachments, easements and restrictions. The property is under responsible ownership and competent management and is available for its highest and best use. 2. There are no existing judgments or pending or threatened litigation that could affect the value of the property. 3. There are no hidden or undisclosed conditions of the land or of the improvements that would render the property more or less valuable. Furthermore, there is no asbestos in the property. 4. The revenue stamps placed on any deed referenced herein to indicate the sale price are in correct relation to the actual dollar amount of the transaction. 5. The property is in compliance with all applicable building, environmental, zoning, and other federal, state and local laws, regulations and codes. 6. The information furnished by others is believed to be reliable, but no warranty is given for its accuracy. This appraisal and any other work product related to this engagement are subject to the following limiting conditions, except as otherwise noted in the report: 1. An appraisal is inherently subjective and represents our opinion as to the value of the property appraised. 2. The conclusions stated in our appraisal apply only as of the effective date of the appraisal, and no representation is made as to the effect of subsequent events. 3. No changes in any federal, state or local laws, regulations or codes (including, without limitation, the Internal Revenue Code) are anticipated. 4. No environmental impact studies were either requested or made in conjunction with this appraisal, and we reserve the right to revise or rescind any of the value opinions based upon any subsequent environmental impact studies. If any environmental impact statement is required by law, the appraisal assumes that such statement will be favorable and will be approved by the appropriate regulatory bodies. 5. Unless otherwise agreed to in writing, we are not required to give testimony, respond to any subpoena or attend any court, governmental or other hearing with reference to the property without compensation relative to such additional employment. 6. We have made no survey of the property and assume no responsibility in connection with such matters. Any sketch or survey of the property included in this report is for illustrative purposes only and should not be considered to be scaled accurately for size. The appraisal 517 Northeast 1st Street 0 Assumptions and Limiting Conditions 34 covers the property as described in this report, and the areas and dimensions set forth are assumed to be correct. 7. No opinion is expressed as to the value of subsurface oil, gas or mineral rights, if any, and we have assumed that the property is not subject to surface entry for the exploration or removal of such materials, unless otherwise noted in our appraisal. 8. We accept no responsibility for considerations requiring expertise in other fields. Such considerations include, but are not limited to, legal descriptions and other legal matters such as legal title, geologic considerations such as soils and seismic stability; and civil, mechanical, electrical, structural and other engineering and environmental matters. Such considerations may also include determinations of compliance with zoning and other federal, state, and local laws, regulations and codes. 9. The distribution of the total valuation in the report between land and improvements applies only under the reported highest and best use of the property. The allocations of value for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. The appraisal report shall be considered only in its entirety. No part of the appraisal report shall be utilized separately or out of context. 10. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraisers, or any reference to the Appraisal institute) shall be disseminated through advertising media, public relations media, news media or any other means of communication (including without limitation prospectuses, private offering memoranda and other offering material provided to prospective investors) without the prior written consent of the persons signing the report. 11. Information, estimates and opinions contained in the report and obtained from third -party sources are assumed to be reliable and have not been independently verified. 12. Any income and expense estimates contained in the appraisal report are used only for the purpose of estimating value and do not constitute predictions of future operating results. 13. If the property is subject to one or more leases, any estimate of residual value contained in the appraisal may be particularly affected by significant changes in the condition of the economy, of the real estate industry, or of the appraised property at the time these leases expire or otherwise terminate. 14. Unless otherwise stated in the report, no consideration has been given to personal property located on the premises or to the cost of moving or relocating such personal property; only the real property has been considered. 15. The current purchasing power of the dollar is the basis for the values stated in the appraisal; we have assumed that no extreme fluctuations in economic cycles will occur. 16. The values found herein is subject to these and to any other assumptions or conditions set forth in the body of this report but which may have been omitted from this list of Assumptions and Limiting Conditions. 17. The analyses contained in the report necessarily incorporate numerous estimates and assumptions regarding property performance, general and local business and economic 517 Northeast 1st Street Assumptions and Limiting Conditions 35 conditions, the absence of material changes in the competitive environment and other matters. Some estimates or assumptions, however, inevitably will not materialize, and unanticipated events and circumstances may occur; therefore, actual results achieved during the period covered by our analysis will vary from our estimates, and the variations may be material. 18. The Americans with Disabilities Act (ADA) became effective January 26, 1992. We have not made a specific survey or analysis of the property to determine whether the physical aspects of the improvements meet the ADA accessibility guidelines. We claim no expertise in ADA issues, and render no opinion regarding compliance of the subject with ADA regulations. Inasmuch as compliance matches each owner's financial ability with the cost to cure the non- conforming physical characteristics of a property, a specific study of both the owner's financial ability and the cost to cure any deficiencies would be needed for the Department of Justice to determine compliance. 19. The appraisal report is prepared for the exclusive benefit of the Client, its subsidiaries and /or affiliates. it may not be used or relied upon by any other party. All parties who use or rely upon any information in the report without our written consent do so at their own risk. 20. No studies have been provided to us indicating the presence or absence of hazardous materials on the subject property or in the improvements, and our valuation is predicated upon the assumption that the subject property is free and clear of any environment hazards including, without limitation, hazardous wastes, toxic substances and mold. No representations or warranties are made regarding the environmental condition of the subject property. Integra Realty Resources — Miami /Palm Beach, Integra Realty Resources, Inc., Integra Strategic Ventures, Inc. and /or any of their respective officers, owners, managers, directors, agents, subcontractors or employees (the "Integra Parties "), shall not be responsible for any such environmental conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because we are not experts in the field of environmental conditions, the appraisal report cannot be considered as an environmental assessment of the subject property. 21. The persons signing the report may have reviewed available flood maps and may have noted in the appraisal report whether the subject property is located in an identified Special Flood Hazard Area. We are not qualified to detect such areas and therefore do not guarantee such determinations. The presence of flood plain areas and /or wetlands may affect the value of the property, and the value conclusion is predicated on the assumption that wetlands are non- existent or minimal. 22. Integra Realty Resources — Miami /Palm Beach is not a building or environmental inspector. Integra Miami /Palm Beach does not guarantee that the subject property is free of defects or environmental problems. Mold may be present in the subject property and a professional inspection is recommended. 23. The appraisal report and value conclusions for an appraisal assume the satisfactory completion of construction, repairs or alterations in a workmanlike manner. 24. It is expressly acknowledged that in any action which may be brought against any of the Integra Parties, arising out of, relating to, or in any way pertaining to this engagement, the 517 Northeast 1st Street IC Assumptions and Limiting Conditions 36 appraisal reports, and /or any other related work product, the Integra Parties shall not be responsible or liable for any incidental or consequential damages or losses, unless the appraisal was fraudulent or prepared with intentional misconduct. It is further acknowledged that the collective liability of the Integra Parties in any such action shall not exceed the fees paid for the preparation of the appraisal report unless the appraisal was fraudulent or prepared with intentional misconduct. Finally, it is acknowledged that the fees charged herein are in reliance upon the foregoing limitations of liability. 25. Integra Realty Resources — Miami /Palm Beach, an independently owned and operated company, has prepared the appraisal for the specific intended use stated elsewhere in the report. The use of the appraisal report by anyone other than the Client is prohibited except as otherwise provided. Accordingly, the appraisal report is addressed to and shall be solely for the Client's use and benefit unless we provide our prior written consent. We expressly reserve the unrestricted right to withhold our consent to your disclosure of the appraisal report or any other work product related to the engagement (or any part thereof including, without limitation, conclusions of value and our identity), to any third parties. Stated again for clarification, unless our prior written consent is obtained, no third party may rely on the appraisal report (even if their reliance was foreseeable). 26. The conclusions of this report are estimates based on known current trends and reasonably foreseeable future occurrences. These estimates are based partly on property information, data obtained in public records, interviews, existing trends, buyer - seller decision criteria in the current market, and research conducted by third parties, and such data are not always completely reliable. The Integra Parties are not responsible for these and other future occurrences that could not have reasonably been foreseen on the effective date of this assignment. Furthermore, it is inevitable that some assumptions will not materialize and that unanticipated events may occur that will likely affect actual performance. While we are of the opinion that our findings are reasonable based on current market conditions, we do not represent that these estimates will actually be achieved, as they are subject to considerable risk and uncertainty. Moreover, we assume competent and effective management and marketing for the duration of the projected holding period of this property. 27 All prospective value opinions presented in this report are estimates and forecasts which are prospective in nature and are subject to considerable risk and uncertainty. In addition to the contingencies noted in the preceding paragraph, several events may occur that could substantially alter the outcome of our estimates such as, but not limited to changes in the economy, interest rates, and capitalization rates, behavior of consumers, investors and lenders, fire and other physical destruction, changes in title or conveyances of easements and deed restrictions, etc. It is assumed that conditions reasonably foreseeable at the present time are consistent or similar with the future. 28. The appraisal is also subject to the following: r� 517 Northeast 1st Street Assumptions and Limiting Conditions 37 Extraordinary Assumptions and Hypothetical Conditions The va I ue concl us ions are subject to the fol I owing extraordinary assumptions that may affect the assignment resu I ts. An extraordinary a ssumpti on is uncertain information accepted as fact, If the ass umpti on is found to be fa Ise as of the effective date of the a pprais a I, we reserve the right to mod ifyour va I ue con cl us ions. N/A- None. Thevalue conclusions arebased on the following hypothetical conditions that may affect the assignment r*su|ts. A hypothetic a I condition is a con diti on contrary to known fact on the effective date of the a pprais a I but is supposed for the purpose ofana|ygs.N/A None. 517 Northeast 1st Street ® Addenda Addendum A Appraiser Qual 4 fications 517 Northeast 1st Street r Harry C. Integra Realty Resources Newstreet,, Experience Mr. Newstreet takes pride in his recognition for prompt preparation and timely delivery of well- documented appraisals. His commitment to excellence ensures in his clients the confidence 819 S. Federal Highway, Suite 201 that their unique requirements will be handled in an expeditious, professional and accurate manner. Stuart, FL 34994 Mr. Newstreet can perform a wide variety of real estate services that cover the entire spectrum of T 772.463.4131 the real estate appraisal field including property appraisal, acquisition, feasibility, development and F 772.4614097 counseling, as well as in specialized areas such as expert witness testimony in condemnation for irr.com right -of -way, valuation, tax problems, professional standards and other real estate matters. Mr. Newstreet has testified in a wide variety of real estate matters and has been qualified as an expert witness in both state and federal courts. Mr. Newstreet has completed both form and narrative appraisals of nearly every variety of residential and commercial property. • 1993 - 1994 — Pederson & Trask m 1995 - Rex Consulting 1996 - 1998 — Real Property Analysts, Inc. 1998 - 2004 — Newstreet - Miller & Associates 0 2005 - 2011— Harry C. Newstreet & Associates 0 2011- Present — Integra Realty Resources -Miami /Palm Beach Professional 1 es & Affiliati Member: MAI, Appraisal Institute #12441 Member: Association of Eminent Domain Professionals Licenses Florida, State Certified General, RZ2278 Education Florida State University— Bachelor of Science, December 1989 Numerous appraisal related seminars and classes Certified by the Appraisal Institute for Continuing Education Instructor: • Former Adjunct Professor: Florida Atlantic University, College of Business, Real Estate Section Lecturer: o The Development Timeline — SFWMDSeminar, May 2004 a Appraisal Issues in CRA's — FAR Convention, September 2004 Articles i i Smoothing Wrinkles in the Spread: Special Assessment Issues, Appraisal Journal, April 2000 Qualified r Administrative i Qualified as an Expert Witness in Federal and State Courts is. irr hnewstreet @irr.cum r. 772.463.4131 x211 s :" �a 1 t Of LL 9 k yv �f M-/ ji 1; 5 �a p � _ �i ► + f r4 w` . . 3 b 1 p o Integra Realty Resources, ., Corporate Profile Integra Realty Resources, Inc. offers the most comprehensive property valuation and counseling coverage in the United States with 62 independently owned and operated offices in 34 states and the Caribbean. Integra was created for the purpose of combining the intimate knowledge of well - established local firms with the powerful resources and capabilities of a national company. Integra offers integrated technology, national data and information systems, as well as standardized valuation models and report formats for ease of client review and analysis. Integra's local offices have an average of 25 years of service in the local market, and all but one are headed by a Senior Managing Director who is an MAI member of the Appraisal Institute. A listing of IRR's local offices and their Senior Managing Directors follows: ATLANTA, GA - Sherry L. Watkins., MAI, FRICS M1AM1 1PALM BEACH, FL- Anthony M. Graziano, MAI, CRE, FRICS AUSTIN, TX - Randy A. Williams, MAI, SR/WA, FRICS MINNEAPOLIS, MN - Michael F. Amundson, MAI, CCIM, FRICS BALTIMORE, MD - G. Edward Kerr, MAI, MRICS NAPLES, FL - Carlton J. Lloyd, MAI, FRICS BIRMINGHAM, AL - Rusty Rich, MAI, MRICS NASHVILLE, TN- R. Paul Perutelli, MAI, SRA, FRICS BOISE, ID - Bradford T. Knipe, MAI, ARA, CCIM, CRE, FRICS NEWJERSEY COASTAL - Halvor). Egeland, MAI BOSTON, MA - David L. Cary, Jr., MAI, MRICS NEW JERSEY NORTHERN - Barry J. Krauser, MAI, CRE FRICS CHARLESTON, SC- Cleveland "Bud" Wright Jr., MAI NEW YORK, NY- Raymond T. Cirz, MAI, CRE FRICS CHARLOTTE, NC - Fitzhugh L. Stout, MAI, CRE, FRICS ORANGE COUNTY, CA - Larry D. Webb, MAI, FRICS CHICAGO, IL - Eric L. Enloe, MAI, FRICS ORLANDO, FL - Christopher Starkey, MAI, MRICS CINCINNATI, OH - Gory S. Wright MAI, FRICS, SRA PHILADELPHIA, PA - Joseph D. Posquarella, MAI, CRE, FRICS CLEVELAND) OH - Douglas P. Sloan, MAI PHOENIX, AZ - Walter Tres' Winius III, MAI, FRICS COLUMBIA, SC- Michael B. Dodds, MAI, CCIM PITTSBURGH, PA- Paul D. Griffith, MAI, CRE FRICS COLUMBUS, OH - Bruce A. Doubner, MAI, FRICS PORTLAND, OR - Brian A. Glanville, MAI, CRE, FR1C5 DALLAS, TX -Mork R. Lamb, MAI, CPA, FRICS PROVIDENCE, RI - Gerard H. McDonough, MAI, FRICS DAYTON, OH - Gary S. Wright MAI, FRICS, SRA RALEIGH, NC - Chris R. Morris, MAI, FRICS DENVER, CO - Brad A. Welman, MAI, FRICS RICHMOND, VA - Kenneth L. Brown, MAI, CCIM, FRICS DETROIT, Ml - Anthony Sanna, MAI, CRE, FRICS SACRAMENTO, CA - Scott Beebe, MAI, FRICS FORT WORTH, TX - Gregory B. Cook, SR/WA ST. LOUIS, MO - P. Ryon McDonald, MAI, FRICS GREENSBORO, NC - Nancy Trio, MAI, SRA, FRICS SALT LAKE CITY, UT - Darrin W. Liddell, MAI, CCIM, FRICS GREENVILLE, SC- Michael B. Dodds, MAI, CCIM SAN ANTONIO, TX - Martyn C. Glen, MAI, CRE, FRICS HARTFORD, CT - Mark F. Bates, MAI, CRE, FRICS SAN DIEGO, CA - Jeff A. Greenwald, MAI, SRA, FRICS HOUSTON, TX - David R, Dominy, MAI, CRE FRICS SAN FRANCISCO CA - Jan Kleczewski, MAI, FRICS INDIANAPOLIS, IN - Michael C. Lady, MAI, SRA, CCIM, FRICS SARASOTA, FL - Carlton J. Lloyd, MAI, FRICS JACKSON, MS - J. Walter Allen, MAI, FRICS SAVANNAH, GA -1. Carl Schultz, Jr., MAI, FRICS, CRE SRA JACKSONVILLE, FL - Robert Crenshaw, MAI, FRICS SEATTLE, WA - Allen N. Safer, MAI, MRICS KANSAS CITY, MO /KS - Kenneth Jaggers, MAI, FRICS SYRACUSE NY - William J. Kimball, MAI, FRICS LAS VEGAS, NV- Charles E. Jack IV, MAI TAMPA, FL - Bradford L. Johnson, MAI, MRICS LOS ANGELES, CA - John G. Ellis, MAI, CRE FRICS TULSA, OK - Robert E. Gray, MAI, FRICS LOS ANGELES, CA - Matthew J. Swanson, MAI WASHINGTON, DC- Patrick C. Kerr, MAI, SRA, FRICS LOUISVILLE, KY - Stacey Nicholas, MAI, MRICS WILMINGTON, DE - Douglas L. Nickel, MAI, FRICS MEMPHIS, TN -1. Walter Allen, MAI, FRICS CARIBBEAN /CAYMAN ISLANDS - James Andrews, MAI, FRICS MIAM1 1PALM BEACH, FL - Scott M. Powell, MAI, FRICS Corporate Office 1133 Avenue of the Americas, 27th Floor, New York, New York 10036 Telephone: (212) 255 -7858; Fax: (646) 424 -1869; E -mail info @irr.com Website: www.irr.com rz Addenda Comparison Addendum B 517 Northeast 1st Street ®rr � £ _ 0 0 $ § CL rL I & t % t ± .E 2 \ E - E C, 2 f J I § cc .2 a / k ¢ \ 2 5 2 w CL _ CL � C 0 - I 5 CL \ E � $ § C E f [ # u M V) 2 $ 3 J E LL 2 co E LL k k # ƒ 2 t CL 2 f k § 2 § I t ) E � � CL g J ƒ c < 2 m \ ¥ 2 m E k LU < < < � 2 U. , 0 # t! CL CL 0 k cc 41 CL 0 CL § 0 2 E < $ = 2 @ \ E 2 2 (v t CL E 0. t 0 7 k k n \ ^ Lu < OL in Addenda Reporting USPAP i The 2014 -2015 edition of USPAP requires that all written appraisal reports be prepared under one of the following options: Appraisal Report or Restricted Appraisal Report. An Appraisal Report summarizes the information analyzed, the appraisal methods employed, and the reasoning that supports the analyses, opinions, and conclusions. The requirements for an Appraisal Report are set forth in Standards Rule 2 -2 (a) of USPAP. A Restricted Appraisal Report states the appraisal methods employed and the conclusions reached but is not required to include the data and reasoning that supports the analyses, opinions, and conclusions. Because the supporting information may not be included, the use of the report is restricted to the client, and further, the appraiser must maintain a work fife that contains sufficient information for the appraiser to produce an Appraisal Report if required. The requirements for a Restricted Appraisal Report are set forth in Standards Rule 2 -2 (b). Integra e o i Formats under the Appraisal Report Option USPAP gives appraisers the flexibility to vary the level of information in an Appraisal Report depending on the intended use and intended users of the appraisal. Accordingly, Integra Realty Resources has established internal standards for three alternative reporting formats that differ in depth and detail yet comply with the USPAP requirements for an Appraisal Report. The three Integra formats are: Appraisal Report — Comprehensive Format Appraisal Report — Standard Format Appraisal Report — Concise Summary Format An Appraisal Report — Comprehensive Format has the greatest depth and detail of the three report types. It describes and explains the information analyzed, the appraisal methods employed, and the reasoning that supports the analyses, opinions, and conclusions. This format meets or exceeds the former Self- Contained Appraisal Report requirements that were contained in the 2012 -2013 edition of USPAP. An Appraisal Report — Standard Format has a moderate level of detail. It summarizes the information analyzed, the appraisal methods employed, and the reasoning that supports the analyses, opinions, and conclusions. This format meets or exceeds the former Summary Appraisal Report requirements that were contained in the 2012 -2013 edition of USPAP. An Appraisal Report - Concise Summary Format has less depth and detail than the Appraisal Report — Standard Format. It briefly summarizes the data, reasoning, and analyses used in the appraisal process while additional supporting documentation is retained in the work file. This format meets the minimum requirements of the former Summary Appraisal Report that were contained in the 2012- 2013 edition of USPAP. On occasion, clients will request, and Integra will agree to provide, a report that is labelled a Self - Contained Appraisal Report. Other than the label, there is no difference between a Self - Contained Appraisal Report and an Appraisal Report - Comprehensive Format. Both types of reports meet or 517 Northeast 1st Street er; Addenda exceed the former Self- Contained Appraisal Report requirements set forth in the 2012 -2013 edition of USPAP. Integra i Format under Restricted Appraisal Report Option Integra provides a Restricted Appraisal Report format under the USPAP Restricted Appraisal Report option. This format meets the requirements of the former Restricted Use Appraisal Report that were contained in the 2012 -2013 edition of USPAP, 517 Northeast 1st Street 1 ®r Addenda Information Addendum C Property 517 Northeast 1st Street 1 Addenda � pry R. 14"€F¢S. Cp °� Property Appraiser �• I, tw Lucaeiun Address 51 7 NF I ST 51 Mumcipatity BOYNTDO BEACH Pdrt l Cbrilrtsl NumJ39yr 48- 43.45,71 -29- 043 -4011 SiLatatiavlsion SHFPARD ADC TO TOWN OF 14OYNTON IN G Official Ompr'ds Leak 17545 'Page 1697 Sate Date AUG -2004 I is e( Oas npiim SHEPARD ADD N SOU FT OF L7 t HLK 3 Ma30inj 4r#atrgss I! QWrr4rs 51 i NE 1ST 5T ROWN50% NATHANIEL 6(7YNli7', RLACI+ f1 33A35 361.4 1 f t o Dim Peters OA lb"Iftac 3 it? AUC, 2005 5il} 17545; .697 O.LIT CLAIM, ROBINSON NATHANAl { 200 -1 $12,000 +15021 / 15711 WARRANTY VI I.I I I �Soffip Year' 44 i i 06INSUNI NAI HANIEI_ 2014 „3unflam ua1 Uh RK i Tmal 5 #a x3 , Tsai 2053 d rdv. 0.2290 U S, C!;t'- 0100 - 5 NGLE FAMILY bsninq R2 Duplex ( 08- BOYNTON BEAC 11 } CaK Yea: 2013 7£13 2 201 lrs }gacyaaR ?rgFi91Fu 542,058 $36,184 $44,349 1.ard 57,80() 1 "000 541,356 IM-11 UZFt 23' idW S49.C58 $42,184 565,707 All values Ave as 0t January Ise each year Yu11 YB P 01 M M2 2£34 4 Aio §Vd :alrye $42,701 $42.164 580'000 IEgem t'ioilAwgcar:m '_25,500 525.500 sS0,500 TOxAble'v uQ 517,401 $16.684 S29,500 Ta: YeAr 1030 2412 ;01 A3 4, °nalai•aro S395 $378 5 5 70 NfiW , Ad Va3w. $262 S262 5262 iOwltai Sr57 S640 $832 l iltp: / luk�u pbLpoar. coleupap: vAsps, Prcirf artvDelzi +. /ProlvriyDetail.aspx ?parcel- [84J4521?... 2.1N - 517 Northeast 1st Street Addenda COUNTY OF PALM MCH: NOTICE OF AD VALOREM TAXES AND NON-AD VALOREM ASSESSMENTS MKMCWfMjjO I TM I CMC EI"PIlON(5)APfU80 TO MIS PROPERTY B-4 -1 -2 11 2013 98 101356185 sae SHEPARD ADD N 100 FT OF L7 I WKkWfWI60W&r 13LK 3 R8- 114236 ROBINSON NATHANIEL 517 NE IST ST ANNE W GANNON BOYNTON BEACH FL 33435 - 3814 . t . CONSTITUTIONAL TAX COLLECTOR semmg polm Death cvmmtv www4ftux-com 20 ESTATE PROPERTY TAX BILL mairim TAxis RWRWOUSMWOUCALUNG TAKINGAUTHORITY TEL NE ASSESSSED FXEMFTION TAXAGU 1AXILAGE TAN AMOUNT COUNTY 561 42.901 28,WG 17,401 4.7815 0,20 COUNTY DEBT 561-355-39K 42,901 25,500 17,401 0.2037 3.54 CITY OF BOYNTON BEACH 561-742.6310 42,901 25, 5W 17,01 7.90w 137A7 CHILDREN$ SERVICES COUNCIL 56t•740-7 ODO 42,901 25 17,401 0,7025 12-22 FAIN 0. 56 7= 42,201 25, 5M 17,401 0.0345 0160 PSCHEALTH CARE DIMICT 601-M-1270 42,901 25,5w 17,401 1, 18.79 =-- SCHOOLLOCAL 561 31 4Z B01 25, 500 17,4@1 2AM 43.47 SCHOOL STATE 561-424-M7 42,901 26.5W 17,401 5.080D 88.64 SF MD EVERGLADES CONST PROJECT 561-6wta)o 42.901 25,SM 17,401 0.0507 1.02 SO FLA WATER MANAGE NT DIST. 561 496-SM 42S0I 25.501) 17,401 0,1585 2.93 SO FLA WATER MGMT - OKEE BASIN 561-m-mm 42,901 25,500 I7,401 0.1839 3.20 TOTAL AD VALOREM 3".98 NOW-AD VALOINUM ASSISSIMENTS MORMWOKWORIlicillum LEVYING AUTHORITY TELEPHONE RATE AMOUNT SOLID WASTE AUTHORITY 561-07470D 174.00 174,00 BOYNTON FIRE RESCUE ASSESSMENT 561-742-6310 O&OU 8800 TOTAL NON AD VALOREM 262.00 TOTAL AD VALOREM AND NON40 VALOREM COMBINED A*O4w m vim REMErmD By MW 39 20n ad, 2013 14 ARBLZG FE122,2914 31 wx"gm Ll 5D.42 TAWARROEUNIQUENT S6301119 7.27 3. $0 SM84 $6 . $856 .98 APRIL 14 1, 20 = I 4% 1% NO 0 9 NT NERf —MM REVERSEWDE FORT $ MD RjF0flMjU[Wft- • WTACH HERE COUNTY OF PALM BEACW NOTICE OF AD VALOREM TAXES AND NON-AD VALOREM ASSESSMENTS 0843-45-21-29-003-0011 2013 =9=8 101356185 R013INSON NATHANIEL 577 ST Ft 33435-3814 2013101351618S[111006569155 LEM DFMIFnQN SHEPARD ADD N 100 FT OF LT I BLK 3 P.O. BOX 3353 MAKEPAYABLETO: WEST PALM BEACH, FL 33402-3353 TAX COLLECTOR, PALM BEACH COUNTY PAST YEW) TAX 5 DEUNQUENT ANOOMF OUR! WOU RECErAD MY MV36,2013 91011,266 AK31,2914 Kin �ZK4 MARM21,2j14 $637.27 W154 9650.42 $65690 EUNQUENT 3% TN NO DISCOUNT APRIL 1, 2014 us/04/20121 �ulis RE FT & 2013 REAL ESTATE PROPERTY TAX BIL 517 Northeast 1st Street 10 Addenda CPR X0040541654 OR SK L7.545 pa 1697 04- - 73q OWMDED OW21f2M 11-.4atJ6 Parcel at' trop Not Palo Braoh Coghty, Klanom AMT t. " op # Ts tl–&, D Steep . 70 BY Dorothy P wilken, Clwlc of co.'t and rus;urn to. LWfff-bC SA A6Xxtf t 1870 Wei 4 Dow, ki. 1 25 Great" 5 -S- Naflm*14 Rgblmu • ofafilec 5.5. AAWRobf. QUITCLAIM DEED Thu Qw Decd i*4 L *y of Avusi, zm, bets y,s&swa Reblnm, merw me who. PM Off" &A&C% is, 517 1 Street, B"M BeL, FL 33435 G=vr, NftnW Robjesen "d Arlh. 80111"M hUARad uA A VAXTOF LOT 1..8 3, ADDTrWN TO. BOVNTON WACK ACCO RDING To THE PLAT T"REGF, AS C ED IN PLAT BOOX 2, AT PAGE Sl, OF THE PUlUX RECORDS OF PALM REACH C009Y,11LORMA, MOU ?ARTjCuLA;tLV vEsCmEp As FOLLOWS: BEG AT A )OROV 200 FEET NORTF1 OF THE A6 AST CORNER 4DF R m Lm FOR A POINT OF B'G TRV KwmG Out WEAF im nEr; THENCU RUNNING PUE "AT31 51) ' �a kiliYOTMINCE RUN MG DUE EAST 1*6. THENCE RUNNING DUE SOUTH " FEET TO =kr OF "10MINa 7w NORTH go FEET or LOT 1, BLOCK 5, SHEPPARD ADDI 10"B NTON, 3OVT(XV REACH, PALM UACH COUM, FLORwk r, 2. AT PAGE 39. ACCO3LDMC To TN' BECON*D IN PLA'r RMK X $17 RE 1ST Sweti, Boynoom Beeck M 3105 TO' Have and ,® HDW du elftst MSCUW WDO ail W eft0s, ft 6mula bemosiec w in 'Mywin qpfftaniox, wA ar, the tatc, nj L uft, menK lien. * GlijW vrocvw of Grwnw. eider in law or Cq04Y. hy tia uc bowlia wA pmSN of wA O 114 14'1 Whereof, A* rlwA" Im' berowwo w he h*W Rd mal wrs"cu '� ansai are S' in ow presem"t j .......... . W-umt *3 pqiAw Hum STATE OF FLOMDA COUKTY OF PALM BEACH Ths lksmpoukj kunuumat wu w &Y 6f i A ,�d be m Ibis by who is e&My jmq pw� to mew whet lsss Prpdvocd.- ti rG SEAT 1 N S My CoTmuteson Lva z Ow Filc # 04-734 Book 1 7545/Page 1697 Page 1 of 1 517 Northeast 1st Street Addenda Addendum D Engagement Letter 517 Northeast 1st Street It' Addenda Intep- Re60y v 'i mi a aw,�rd 51 "axi r vhlu! 17:aw At 1 11 t41Sr. nl N:4s I'd— 11wr, prl i Ctr•t +elrl 9eacx,, Ft 434-1 Sate 29 ^. It +r:, F. 34ns t wWw.irr.COm (1151670 -[SOOT (454; 6;z2 ICE) (772}4-34131 January 27, 2414 Theresa Utterback Administrative Servkes Manager Boynton Beach CRA 711D North Federal Highway Boynton Beach. FL 33435 Re: City of Boynton Beach CRA 517 Northeast lst Street Appraisal Proposal Oear Ms. Utterback: Thank you for the opportunity to submit the following proposal. The property being appraised is located at 517 Northeast 1st Street, Boynton Beach Florida. Our proposed fee for the appraisal of this property is $600. We have estimated that we can have this assignment completed fn approximately three weeks from your notice to proceed. The effective date of the appraisal will be as of the current date. The client will be the City of Boynton Beach CRA and the intended use is for a potential acquisition. Accordingly, the appraisal report wil( be addressed to the Boynton Beach CRA and will conform with the Uniform Standards of Professional Appraisal Practice (t1SPAP), the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal institute and applicable state appraisal regulations. The appraisal report shelf be solely for the use and purposes described in this paragraph unless we provide out prior written consent. We also agree to be bound by the specific terms as required by Boynton Reach as detailed on the following page. If this proposal is acceptable, please authorize us to proceed by executing this letter agreement where noted below and returning one copy to the undersigned, Should you have any additional questions, please do not hesitate to contact me. Thank you for considering this firm far your appraisal needs. Sincerely, �-7 C, r Harry C. Newstreet, MAI State•Certified General REA PR22278 Director • BrowaM Phone; 772 - 463 -4133 Email: hrewstreet@in,c Accepted: ,. Date: 517 Northeast 1st Street Irk Addenda I'Aet=u s « ^.uw r.e> ..,., :s•, sh: ,,. cenn 0.6'1rr,dENb , ii ?n : +ewe n tc,� ,n, 8'9: re How) Ni ®mi. fl 3:x756 5t,r; r, 3n£S4 www iv.wrn {':::61 F7L'.IuC1 Ia5ci NSi 73(1:7 Mil 0441 7 B t Public Records The Boynton Beach Community Redevelopment Agency is public agency subject to Chaplef 199, Florida Statutes. The Contractor shall comply with Florida's Public Records taw. Specifically, the Contractor shall: 1. Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the service; 2. Provide the public with access to such public records on the same terms and condiiwns that the CRA would provide the records and at a Cost that d"5 not exceed that provided In chapter 119, Fla. Stat., or as otherwise provided by law; 3. Ensure that public records that are exempt or that are confidential and exempt from pubiic record requirements are rrn disclosed except as authodzed by law, and 4. Meet all requirements for retaining public records and transfer to the CRA, at no cost, all public records in possession of the contractor upon termination of the contract and destroy any duplicate public retards that are exempt or confidential and exempt. All records stared electronically must be provided to the City in a format that is compatible with the information technology systems of the agency. The failure of Contractor to comply with the provisions set forth in this agreement /contract shall constitute a Default and Breach of this Agreement_ if Contractor fails to cure the default within seven (7) days' notice from the CRA, the CRA may terminate the Agreement. 517 Northeast 1st Street 10 PURCHASE AGREEMENT Page 1 of 13 PURCHASE AGREEMENT This Purchase Agreement (hereinafter "Agreement ") is made and entered into as of the Effective Date (hereinafter defined), by and between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III, of the Florida Statutes (hereinafter "CRA ") and ivAIHANIEL ROBINSON (hereinafter "SELLER "). In consideration of the mutual covenants and agreements herein set forth, the Parties hereto agree as follows: 1. PURCHASE AND SALE/PROPERTY SELLER agrees to sell and convey to CRA and CRA agrees to purchase and acquire from SELLER, on the terms and conditions hereinafter set forth., the Property located in Palm Beach County, Florida (the " Property ") and more particularly described as follows: PNC #08- 43- 45 -21 -29 -003 -0011 Part of Lot 1, Block 3, Sheppard Addition to Boynton Beach, according to the Plat thereof, as recorded in Plat Book 2, at Page 58, of the Public Records of Palm Beach County, Florida, more particularly described as follows. Beginning at a point 200 feet north of the southeast corner of said lot for a point of beginning; thence running due west 100 feet; thence running due north 50 feet; thence running due east 100; thence running due south 50 feet to the point of beginning. The north 50 feet of Lot 1, Block 3, Sheppard Addition to Boynton, Boynton Beach, Palm Beach County, Florida, according to the PIat thereof, as recorded in Plat Book2, at Page 59. aWa 517 NE 1 St Street, Boynton Beach, FL 33435 2. PURCHASE PRICE AND PAYMENT. The Purchase Price to be paid for the Property shall be Seventy Four Thousand and 001100 ($74,000.00) Dollars, payable in cash, by wire transfer of United States Dollars at the Closing. Additionally, at closing, CRA shall provide SELLER with Fifteen Thousand and 001100 ($15,000.00) Dollars in relocation assistance. 3. _ DEPOSIT. 3.1 Earnest Money Deposit Within five (5) Business Days after the execution of the Purchase Agreement by both Purchaser and Seller CRA shall deliver to Lewis, Longman & Walker, PA ( "Escrow Agent ") a deposit in the amount of One Thousand Dollars ($1,000.00) Dollars (the "Deposit") - 3.2 Application/Disbrsement of Deposit. The Deposit shall be applied and disbursed as follows: 00308089 -2 Robinson 517 NE I" Street PURCHASE AGREEMENT Page 2 of 13 The Deposit shall be delivered to SELLER at Closing and the CRA shall receive credit for such amount against the Purchase Price. If this Agreement is terminated during the Feasibility Period (hereinafter defined) for any reason, the Deposit shall be immediately refunded to the CRA. If this Agreement is terminated due to a default, pursuant to Section 13, the Deposit shall be delivered to (or retained by, as applicable) the non - defaulting Party, and the non - defaulting Party shall have such additional rights, if any, as are provided in Section 13. 3.3 Escrow Agent. CRA and SELLER authorize Escrow Agent to receive, deposit and hold funds in escrow and, subject to clearance, disburse them upon proper authorization and in accordance with Florida law and the terms of this Agreement. The parties agree that Escrow Agent will not be liable to any person for misdelivery of escrowed items to CRA and SELLER, unless the misdelivery is due to Escrow Agent's willful breach of this Agreement or gross negligence. If Escrow Agent interpleads the subject matter of the escrow, Escrow Agent will pay the filing fees and costs from the deposit and will recover reasonable attorney's fees and costs to be paid from the escrowed funds which are charged and awarded as court costs in favor of the prevailing party. All claims against Escrow Agent will be arbitrated, so long as Escrow Agent consents to arbitrate. 4. EFFECTIVE DATE. The effective date of the Purchase Agreement is the date that the Escrow Agent receives the Escrow Deposit and Escrow Agent executes the Agreement. 5. CLOSING. The purchase and sale transaction contemplated herein shall close on or before Twenty (20) days from the Effective Date (the "Closing ") or from the conclusion of the Feasibility Period as set forth in Section 8 below, whichever is later, unless extended by other provisions of this Agreement or by written agreement, signed by both parties, extending the Closing - 6. POST CLOSING OCCUPANCY. The parties agree that SELLER may reside in the premises following the closing for a term not to exceed ninety (90) days after the Closing. The terms of this tenancy shall be as set forth in that certain Post Closing Occupancy Agreement of even date herewith. 7. TITLE TO BE CONVEYED At Closing, SELLER shall convey to CRA, by General Warranty Deed complying with the requirements of the Title Commitment (hereinafter defined), valid, good, marketable and insurable title in fee simple to the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, restrictions and other conditions except only the following (collectively, the "Permitted Exceptions "): (a) general real estate taxes and special assessments for the year of Closing and subsequent years not yet due and payable; (b) covenants, conditions, easements, dedications, rights -of -way and matters of record included on the Title Commitment or shown on the Survey (defined in Section 7), to which CRA fails to object, or which CRA agrees to accept, pursuant to Section 8.1 and Section 8.2 hereof. 8. FEASIBILITY PERIOD. The CRA, and its designees shall have up to five (5) days from the Effective Date of this Agreement ( "Feasibility Period "), at CRA's expense, to make inquiries to determine if the Property is suitable for its intended use and to enter upon the Property, at any time and from time to time with reasonable notice to SELLER and so long as said investigations do not result in a business interruption, to perform any and all physical tests, inspections, valuation appraisals and investigations of the Property, including but not limited to Phase I and Phase II investigations, which CRA may deem necessary. During this Feasibility 00308089 -2 Robinson 517 NE I� Street PURCHASE AGREEMENT Page 3 of 13 Period, CRA may elect, in CRA's sole and absolute discretion, to terminate this contract and receive back all Deposits hereunder. If CRA elects to terminate this Agreement in accordance with this Section, CRA shall: (i) leave the Property in substantially the condition existing on the Effective Date, subject to such disturbance as was reasonably necessary or convenient in the testing and investigation of the Property; (ii) to the extent practicable, shall repair and restore any damage caused to the Property by CRA's testing and investigation; and (iii) release to SELLER, at no cost, all reports and other work generated as a result of the CRA's testing and investigation. CRA hereby agrees to indemnify and hold SELLER harmless from and against all claims, losses, expenses, demands and liabilities, including, but not limited to, attorney's fees, for nonpayment for services rendered to CRA (including, without limitation, any construction liens resulting therefrom) or for damage to persons or property (subject to the limitation on practicability provided above) arising out of CRA's investigation of the Property. However, CRA's indemnification obligations shall not exceed its statutory limits as provided within Section 768.28, Florida Statutes, and CRA does not waive its sovereign immunity rights. SELLER hereby agrees to indemnify and hold CRA harmless from and against all claims, losses, expenses, demands and liabilities, including, but not limited to, attorney's fees, for nonpayment for services rendered to SELLER or for damage to persons or property (subject to the limitation on practicability provided above) arising out of CRA's investigation of the Property. SELLERS' obligations under this Section shall survive the termination, expiration or Closing of this Agreement. 8.1 Title Review Within twenty (20) days of the Effective Date, CRA shall obtain, at the CRA's expense, from a Title Company chosen by CRA (hereinafter "Title Company "), a Title Commitment covering the Property and proposing to insure CRA in the amount of the Purchase Price subject only to the Permitted Exceptions, together with complete and legible copies of all instruments identified as conditions or exceptions in Schedule B of the Title Commitment. CRA shall examine the Title Commitment and deliver written notice to SELLER no later than thirty (30) days after the Effective Date notifying SELLER of any objections CRA has to the condition of title (hereinafter "CRA Title Objections "). If CRA fails to deliver the CRA Title Objections to SELLER within the aforesaid review period, title shall be deemed accepted subject to the conditions set forth in the Title Commitment. If CRA timely delivers the CRA Title Objections, then SELLER shall have thirty (30) days to diligently and in good faith undertake all necessary activities to cure and remove the CRA Title Objections (hereinafter "Cure Period "). In the event that SELLER is unable to cure and remove, or cause to be cured and removed, the CRA Title Objections within the Cure Period, to the satisfaction of CRA, then CRA, in CRA's sole and absolute discretion, shall have the option of (i) extending the Cure Period and the Closing for one additional thirty (30) day period, or (ii) accepting the Title to the Property as of t-he time of Closing or (iii) canceling and terminating this Agreement, in which case, the Deposit shall be returned to CRA and the Parties shall have no further obligations or liability hereunder, except for those expressly provided herein to survive termination of this Agreement. Prior to the Closing, CRA shall have the right to cause the Title Company to issue an updated Title Commitment ( "Title Update ") covering the Property. If any Title Update contains any conditions which did not appear in the Title Commitment, and such items render title unmarketable, CRA shall have the right to object to such new or different conditions in writing prior to Closing. All rights and objections of the Parties with respect to objections arising from the Title Update shall be the same as objections to items appearing in the Title Commitment, subject to the provisions of this Section. 00308089 -Z Robinson 517 NE 1' Street PURCHASE AGREEMENT Page 4 of 13 8.2 Survey Review. CRA, at CRA's expense, shall obtain a current boundary survey (the "Survey ") of the Property, indicating the number of acres comprising the Property to the nearest 11100th of an acre. If the Survey discloses encroachments on the Property or that improvements located thereon encroach on setback lines, easements, lands of others or violate any restrictions, covenants of this Agreement, or applicable governmental regulations, the same shall constitute a title defect and shall be governed by the provisions of Section 8.1 concerning title objections. 8.3 Seller Delveries SELLER shall deliver to CRA the following documents and instruments within ten (10) days of the Effective Date of this Agreement, except as specifically indicated: 8.3.1 Copies of any reports or studies (including engineering, environmental, soil borings, and other physical inspection reports), in SELLER' possession or control with respect to the physical condition or operation of the Property, if any. 8.3.2 Copies of all licenses, variances, waivers, permits (including but not limited to all surface water management permits, wetland resource permits, consumptive use permits and environmental resource permits), authorizations, and approvals required by law or by any governmental or private authority having jurisdiction over the Property, or any portion thereof (the "Governmental Approvals "), which are material to the use or operation of the Property, if any. 833 Prior to the Closing Date, SELLER shall execute and deliver to CRA any and all documents and instruments required by CRA, in CRA's sole and absolute discretion, which: (i) effectuate the transfer to CRA of those Governmental Approvals, or portions thereof which are applicable to the Property, that CPA desires to have assigned to it, and/or (ii) cause the Property to be withdrawn from any Governmental Approvals. No later than thirty (30) days prior to the Closing Date, SELLER shall remedy, restore, and rectify any and all violations of the Governmental Approvals (including but not limited to any and all portions of the surface water management system, mitigation areas or other items which do not comply with the Governmental Approvals or applicable rules), if any. SELLER warrants that there will not be, at the time of Closing, any unrecorded instruments affecting the title to the Property, including, but not limited to any conveyances, easements, licenses or leases. 9. CONDITIONS TO CLOSING. CRA shall not be obligated to close on the purchase of the Property unless each of the following conditions (collectively, the "Conditions to Closing ") are either fulfilled or waived by CRA in writing: 9.1 Representations and Warranties All of the representations and warranties of SELLER contained in this Agreement shall be true and correct as of Closing. 9.2 Condition of Property. The physical condition of the Property shall be the same on the date of Closing as on the Effective Date, reasonable wear and tear excepted. 9.3 Pending Proceedings. At Closing, there shall be no litigation or administrative agency or other governmental proceeding of any kind whatsoever, pending or threatened, which has not been disclosed, prior to closing, and accepted by CRA. 9.4 Compliance with Laws and Regulations, The Property shall be in compliance with all applicable federal, state and local laws, ordinances, rules, regulations, codes, requirements, licenses, permits and authorizations as of the date of Closing. COMM Robinson 517 NE I � Street PURCHASE AGREEMENT Page 5of13 9.5 Occu ancy. The property shall be conveyed to the CRA at time of closing unoccupied. The SELLER hereby warrants that there are no tenants on the property. 10. CLOSING DOCUMENTS. The CRA shall prepare, or cause to be prepared, the Closing Documents set forth in this Section, except for documents prepared by the CRA's Title Company. At Closing, SELLER shall execute and deliver, or cause to be executed and delivered to CRA the following documents and instruments: 10.1 Deed, A Warranty Deed (the "Deed ") conveying to CRA valid, good, marketable and insurable fee simple title to the Property free and clear of all liens, encumbrances and other conditions of title other than the Permitted Exceptions. 10.2 Seller's Affidavits. SELLER shall furnish to CRA an owner's affidavit attesting that, to the best of its knowledge, no individual or entity has any claim against the Property under the applicable construction lien law; and that there are no parties in possession of the Property other than SELLER. SELLER shall also furnish to CRA a non - foreign affidavit with respect to the Property. In the event SELLER is unable to deliver its affidavits referenced above, the same shall be deemed an uncured title objection. 10.3 Closing Statement. A closing statement setting forth the Purchase Price, the Deposit, all credits, adjustments and prorations between CRA and SELLER, all costs and expenses to be paid at Closing, and the net proceeds due SELLER, which CRA shall also execute and deliver at Closing. 10.4 Corrective Documents. Documentation required to clear title to the Property of all liens, encumbrances and exceptions, if any, other than Permitted Exceptions. 10.5 Additional Documents. Such other documents as CRA or the Title Company may reasonably request that SELLER execute and deliver, and any other documents required by this Agreement or reasonably necessary in order to close this transaction and effectuate the terms of this Agreement. 11. PRORATI DURES. 11.1 Prorations. Assessments, rents, interest, insurance and other expenses of the Property shall be prorated through the day before Closing. CRA shall have the option of taking over existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required by prorations to be made through the day prior to Closing. Advance rent and security deposits, if any, will be credited to CRA. Taxes shall be prorated based upon the current year's tax with due allowance made for maximum allowable discount. 11.2 Ad Valorem Taxes CRA and SELLER shall comply with Section 196.295, Florida Statutes, with respect to the payment of prorated ad valorem taxes for the year of closing into escrow with the Palm Beach County Tax Collector's Office. In the event that, following the Closing, the actual amount of assessed real property tax on the Property for the current year is higher than any estimate of such tax used for purposes of the 00308089 -2 Robinson 517 NE I' Street PURCHASE AGREEMENT Page 6 of 13 Closing, the parties shall re- prorate any amounts paid or credited based on such estimate as if paid in November. This shall survive the Closing. 11.3 Special Assessment Liens. Certified, confirmed and ratified special assessment liens imposed by public bodies as of Closing are to be paid by SELLER. Pending liens as of Closing shall be assumed by CRA. If the improvement has been substantially completed as of the Effective Date, any pending lien shall be considered certified, confirmed or ratified and SELLER shall, at Closing, be charged an amount equal to the last estimate or assessment for the improvement by the public body. 11.4 Closing Costs. CRA shall be responsible for all documentary stamps on the deed, recording the deed and half of all general closing expenses (settlement fee, courier fees, overnight package, etc.). SELLER is responsible for their own legal fees. All other costs of closing shall be borne by CRA. 11.5 Closing Procedure. CRA shall fund the Purchase Price subject to the credits, offsets and prorations set forth herein. SELLER and CRA (as applicable) shall execute and deliver to Closing Agent the Closing Documents. The Closing Agent shall, at Closing: (i) disburse the sale proceeds to SELLER; (ii) deliver the Closing Documents and a "marked -up" Title Commitment to CRA, and promptly thereafter, record the Deed and other recordable Closing Documents in the appropriate public records. 11.6 Existing Mortgages and Other Liens. At Closing, SELLER shall obtain, or cause to be obtained, satisfaction or release of record of all mortgages, liens and judgments applicable to and encumbering the Property. 12. RE COVENANTS AND WARRANTI Seller's Representations and Warranties. To induce CRA to enter into this Agreement, SELLER makes the following representations, all of which, to the best of its knowledge, in all material respects and except as otherwise provided in this Agreement (i) are now true, and (ii) shall be true as of the date of the Closing unless SELLER receives information to the contrary, and (iii) shall survive the Closing. In that event, CRA shall be provided immediate notice as to the change to the following representations: 12.1 At all times from the Effective Date until prior to Closing, SELLER shall keep the Property (whether before or after the date of Closing) free and clear of any mechanic's or materialmen's liens for work or materials furnished to or contracted for, by or on behalf of SELLER prior to the Closing, and SELLER shall indemnify, defend and hold CRA harmless from and against all expense and liability in connection therewith (including, without limitation, court costs and reasonable attorney's fees). 12.2 SELLER has no actual knowledge nor has SELLER received any notice of any litigation, claim, action or proceeding, actual or threatened, against SELLER or the Property by any organization, person, individual or governmental agency which would affect (as to any threatened litigation, claim, action or proceeding, in a materially adverse fashion) the use, occupancy or value of the Property or any part thereof or which would otherwise relate to the Land. 00309089 -2 Robinson 517 NE I" Street PURCHASE AGREEMENT Page 7 of 13 12.3 SELLER has full power and authority to enter into this Agreement and to assume and perform its obligations hereunder in this Agreement. SELLER does not and will not conflict with or result in the breach of any condition or provision, or constitute a default under, or result in the creation or imposition of any lien, charge, or encumbrance upon any of the Property or assets of the SELLER by reason of the terms of any contract, mortgage, lien, lease, agreement, indenture, instrument or judgment to which the SELLER is a party of which is or purports to be binding upon the SELLER or which affects the SELLER; no action by any federal, state or municipal or other governmental department, commission, board, bureau or instrumentality is necessary to make this Agreement a valid instrument binding upon the SELLER in accordance with its terms. 12.4 SELLER represents that SELLER will not, between the date of this Agreement and the Closing, without CRA'S prior written consent, which consent shall not be unreasonably withheld or delayed, except in the ordinary course of business, create any encumbrances on the Property. For purposes of this provision the term "encumbrances" shall mean any liens, claims, options, or other encumbrances, encroachments, rights -of -way, leases, easements, covenants, conditions or restrictions. Additionally, SELLER represents that SELLER will not, between the date of this Agreement, and the Closing take any action to terminate or materially, amend or alter any existing leases presently in existence, without the prior consent of CRA, which consent shall not be unreasonably withheld or delayed. 12.5 SELLER represents that there are no parties other than SELLER in possession of the Property or any portion of the Property as a lessee. 12.6 SELLER shall not list or offer the Property for sale or solicit or negotiate offers to purchase the Property while this Agreement is in effect. SELLER shall use its best efforts to maintain the Property in its present condition so as to ensure that it shall remain substantially in the same condition from the conclusion of the five (5) day Inspection Period to the Closing Date. 12.7 SELLER has no actual knowledge nor has SELLER received any notice of any litigation, claim, action or proceeding, actual or threatened, against SELLER or the Land by any organization, person, individual or governmental agency which would affect (as to any threatened litigation, claim, action or proceeding, in a materially adverse fashion) the use, occupancy or value of the Land or any part thereof or which would otherwise relate to the Land. 12.8 SELLER represents that it has no actual knowledge nor has it received any notice that the Land has been, is presently or is contemplated to be utilized as a reservoir of hazardous material. As used herein, the teen "Hazardous Material" shall mean any substance, water or material which has been determined by any state, federal or local government authority to be capable of posing a risk of injury to health, safety and property, including, but not limited to, all of those materials, wastes and substances designated as hazardous or toxic by the U.S. Environmental Protection Agency, the U.S. Department of Labor, the U.S. Department of Transportation, and/or any other state or local governmental agency now or hereafter authorized to regulate materials and substances in the environment (collectively "Governmental Authority(ies) "). 00308089 -z Robinson 517 NE 1' Street PURCHASE AGREEMENT Page 8 of 13 12.9 SELLER represents to CRA that the Land is not subject to any deed restrictions or declaration of restrictions running with the Land which would affect the use of the Land and all title matters to which SELLER's property is subject to are set forth on Exhibit " " 12.10 Between the date of this Agreement and the date of closing, SELLER will not file any application for a change of the present zoning classification of the Land. 12.11 Authority. The execution and delivery of this Agreement by SELLER and the consummation by SELLER of the transaction contemplated by this Agreement are within SELLER'S capacity and all requisite action has been taken to make this Agreement valid and binding on SELLER in accordance with its terms. The person executing this Agreement on behalf of SELLER has been duly authorized to act on behalf of and to bind SELLER, and this Agreement represents a valid and binding obligation of SELLER. 12.12 Title. SELLER is and will be on the Closing Date, the owner of valid, good, marketable and insurable fee simple title to the Property, free and clear of all liens, encumbrances and restrictions of any kind, except the Permitted Exceptions (and encumbrances of record which will be discharged at Closing). 12.13 Additional Warranties and Representations of SELLER. As a material inducement to CRA entering into this Agreement, SELLER, to the best of SELLER'S information and belief, hereby represents and warrants the following: 12.13.1 There are no pending applications, permits, petitions, contracts, approvals, or other proceedings with any governmental or quasi- governmental authority, including but not limited to, CRA, municipalities, counties, districts, utilities, and/or federal or state agencies, concerning the use or operation of, or title to the Property or any portion thereof and SELLER has not granted or is not obligated to grant any interest in the Property to any of the foregoing entities. 12.13.2 There are no facts believed by SELLER to be material to the use, condition and operation of the Property in the manner that it has been used or operated, which it has not disclosed to CPA herein, including but not limited to unrecorded instruments or defects in the condition of the Property which will impair the use or operation of the Property in any manner. 12.13.3 To the best of SELLER'S knowledge, the Property and the use and operation thereof are in compliance with all applicable county and governmental laws, ordinances, regulations, licenses, permits and authorizations, including, without limitation, applicable zoning and environmental laws and regulations. 13. DEFAULT. 13.1 CRA's Default. In the event that this transaction fails to close due to a wrongful refusal to close or default on the part of CRA, subject to the provisions of Paragraph 13.3 below, the Deposit actually then being held by the Escrow Agent shall be paid by Escrow Agent to SELLER as agreed liquidated damages and, thereafter, neither CRA nor SELLER shall have any further obligation or liabilities under this Agreement, except for those expressly provided to survive the termination of this Agreement; provided, however, that CRA 00308089 -2 Robinson 517 NE 0 Street PURCHASE AGREEMENT Page 9 of 13 shall also be responsible for the removal of any liens asserted against the Property by persons claiming by, through or under CRA, but not otherwise. CRA and SELLER acknowledge that if CRA defaults, SELLER will suffer damages in an amount which cannot be ascertained with reasonable certainty on the Effective Date and that the amount of the Deposit being held by Escrow Agent most closely approximates the amount necessary to compensate SELLER. CRA and SELLER agree that this is a bona fide liquidated damages provision and not a penalty or forfeiture provision. 13.2 Seller's Default. In the event that SELLER shall fail to fully and timely perform any of its obligations or covenants hereunder or if any of SELLER'S representations are untrue or inaccurate, then, notwithstanding anything to the contrary contained in this Agreement, CRA may, at its option: (1) declare SELLER in default under this Agreement by notice delivered to SELLER, in which event CRA may terminate this Agreement and demand that the Deposit be returned, including all interest thereon if any, in accordance with Section 3 and neither Party shall have any farther rights hereunder, or (2) seek specific performance of this Agreement, without waiving any action for damages. 13.3 Notice of Default. Prior to declaring a default and exercising the remedies described herein, the non- defaulting Party shall issue a notice of deefault to the defaulting Party describing the event or condition of default in sufficient detail to enable a reasonable person to determine the action necessary to cure the default. The defaulting Party shall have fifteen (15) days from delivery of the notice during which to cure the default, provided, however, that as to a failure to close, the cure period shall only be three (3) Business Days from the delivery of notice. Both parties agree that if an extension is requested, such extension shall not be unreasonably withheld. If the default has not been cured within the aforesaid period, the non - defaulting Party may exercise the remedies described above. 13.4 Survival. The provisions of this Section 13 shall survive the termination of this Agreement. 14. NOTICES. All notices required in this Agreement must be in writing and shall be considered delivered when received by certified mail, return receipt requested, or personal delivery to the following addresses: If to Seller: Nathaniel Robinson 517 NE 0 Street Boynton Beach, FL 33435 If to Buyer: Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway Boynton Beach, FL 33435 00308089 -2 Robinson 517 NE I n Street PURCHASE AGREEMENT Page 10 of 13 With a copy to: Kenneth Spillias Lewis, Longman & Walker, PA CRA Attorney 515 North Flagler Drive Suite 1500 West Palm Beach, FL 33401 15. BINDING OBLIGATION /ASSIGNMENT. The terms and conditions of this Agreement are hereby made binding on, and shall inure to the benefit of, the successors and permitted assigns of the Parties hereto. SELLER may not assign its interest in this Agreement without the prior written consent of CRA, which shall not be unreasonably withheld. CRA shall have the right to assign this Agreement to the City of Boynton Beach (the "City ") without the prior consent of SELLER and the CRA shall be released from any further obligations and liabilities under this Agreement. The CRA may not assign this Agreement to any other party without the prior written approval of SELLER, which shall not unreasonably withheld. If CRA has been dissolved as an entity while this Agreement and /or the attached Lease Agreement are in effect, the provisions of section 163.357(1), Florida Statutes, (as it may be amended from time to time), shall apply. 16. BROKER FEES The SELLER and BUYER hereby state that they have not dealt with a real estate broker in connection with the transaction contemplated by this Agreement and are not liable for a sales commission. SELLER shall indemnify, defend and hold harmless the CRA from and against any and all claims, losses, damages, costs or expenses (including, without limitation, attorney's fees) of any kind or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by SELLER on its behalf with any broker or finder in connection with this Agreement. The provisions of this Section shall survive Closing or termination of this Agreement. 17. ENVIRONMENTAL CONDITIONS. 17.1 For purposes of this Agreement, pollutant ( "Pollutant ") shall mean any hazardous or toxic substance, material, or waste of any kind or any contaminant, pollutant, petroleum, petroleum product or petroleum by- product as defined or regulated by environmental laws. Disposal ( "Disposal ") shall mean the release, storage, use, handling, discharge, or disposal of such Pollutants. Environmental laws ( "Environmental Laws ") shall mean any applicable federal, state, or local laws, statutes, ordinances, rules, regulations or other governmental restrictions. 17.1.1 As a material inducement to CRA entering into this Agreement, SELLER hereby warrants and represents the following, as applicable: (1) That SELLER and occupants of the Property have obtained and are in full compliance with any and all permits regarding the Disposal of Pollutants on the Property or contiguous property owned by SELLER, to the best of SELLER'S knowledge. (2) SELLER is not aware nor does it have any notice of any past, present or future events, conditions, activities or practices which may give rise to any liability or form a basis for any claim, W308069 -z Robinson 517 NE 1" Street PURCHASE AGREEMENT Page I I of I3 demand, cost or action relating to the Disposal of any Pollutant on the Property. SELLER is not aware nor does it have any notice of any past, present or future events, conditions, activities or practices on contiguous property that is owned by SELLER which may give rise to any liability or form a basis for any claim, demand, cost or action relating to the Disposal of any Pollutant affecting the SELLER'S property. (3) There is no civil, criminal or administrative action, suit, claim, demand, investigation or notice of violation pending or, to the best of that entity's knowledge, threatened against SELLER or the Property relating in any way to the Disposal of Pollutants on the Property, any portion thereof, or on any contiguous property owned by SELLER. 18. PUBLIC RECORDS. CRA is a public agency subject to Chapter 119, Florida Statutes. The SELLER is hereby notified that the PURCHASER is required by law, pursuant to Chapter 119, to maintain and disclose upon request all records deemed public under the statute including this Agreement and some or all of the documents necessary to consummate the transaction set forth herein. To the extent that any litigation should be instituted by SELLER, either directly or as a third party, to prevent or prohibit PURCHASER from disclosing or providing documents involving this Agreement or the transaction set forth in the Agreement pursuant to a public records request submitted under Chapter 119, SELLER agrees that PURCHASER may either: 1) defend the claim up to and including final judgment, or 2) interplead the challenged documents into the court. In either event, SELLER agrees to pay PURCHASER'S reasonable attorneys' fees and costs, both trial and appellate. 19. MISCELLANEOUS. 19.1 General . This Agreement, and any amendment hereto, may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which shall, together, constitute one and the same instrument. The section and paragraph headings herein contained are for the purposes of identification only and shall not be considered in construing this Agreement. Reference to a Section shall be deemed to be a reference to the entire Section, unless otherwise specified. No modification or amendment of this Agreement shall be of any force or effect unless in writing executed by the Parties. This Agreement sets forth the entire agreement between the Parties relating to the Property and all subject matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the Parties. This Agreement shall be interpreted in accordance with the laws of the State of Florida. The Parties hereby agree that jurisdiction of any litigation brought arising out of this Agreement shall be in the Fifteenth Judicial Circuit, in and for Palm Beach County, Florida, or, should any cause of action be limited to federal jurisdiction only, in the United States District Court for the Southern District of Florida. 19.2 Computation of Time. Any reference herein to time periods which are not measured in Business Days and which are less than six (6) days, shall exclude Saturdays, Sundays and legal holidays in the computation thereof. Any time period provided for in this Agreement which ends on a Saturday, Sunday or legal holiday shall extend to 5:00 p.m. on the next full Business Day. Time is of the essence in the performance of all obligations under this Agreement. Time periods commencing with the Effective Date shall not include the Effective Date in the calculation thereof. 00308089 -2 Robinson 517 NE 1 street PURCHASE AGREEMENT Page 12 of 13 19.3 Waiver. Neither the failure of a party to insist upon a strict performance of any of the terms, provisions, covenants, agreements and conditions hereof, nor the acceptance of any item by a party with knowledge of a breach of this Agreement by the other party in the performance of their respective obligations hereunder, shall be deemed a waiver of any rights or remedies that a party may have or a waiver of any subsequent breach or default in any of such terms, provisions, covenants, agreements or conditions. This paragraph shall survive termination of this Agreement and the Closing. 19.4 Construction of Agreement. The Parties to this Agreement, through counsel, have participated freely in the negotiation and preparation hereof. Neither this Agreement nor any amendment hereto shall be more strictly construed against any of the Parties. As used in this Agreement, or any amendment hereto, the masculine shall include the feminine, the singular shall include the plural, and the plural shall include the singular, as the context may require. Provisions of this Agreement that expressly provide that they survive the Closing shall not merge into the Deed. 19.5 Severability. If any provision of this Agreement or the application thereof shall, for any reason and to any extent, be invalid or unenforceable, neither the remainder of this Agreement nor the application of the provision to other persons, entities or circumstances shall be affected thereby, but instead shall be enforced to the maximum extent permitted by law. The provisions of this Section shall apply to any amendment of this Agreement. 19.6 Handwritten Provisions Handwritten provisions inserted in this Agreement and initialed by CRA and SELLER shall control all printed provisions in conflict therewith. 19.7 Waiver of Jury Trial As an inducement to CRA agreeing to enter into this Agreement, CRA and SELLER hereby waive trial by jury in any action or proceeding brought by either party against the other party pertaining to any matter whatsoever arising out of or in any way connected with this Agreement. 19.8 Attorneys Fees and Costs Should it be necessary to bring an action to enforce any of the provisions of this Agreement, reasonable attorneys' fees and costs, including those at the appellate level, shall be awarded to the prevailing party. 199 Binding Authority Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and SELLER has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. 19.10 Recordist This Agreement may be recorded in the Public Records of Palm Beach County, Florida. 19.11 Survival The covenants, warranties, representations, indemnities and undertakings of SELLER set forth in this Agreement, shall survive the Closing, the delivery and recording of the SELLER'S Property Deed and CRA's possession of the Property. 00308089 -2 Robinson 517 NE 0 Street PURCHASE AGREEMENT Page 13 of 13 19.12 SELLER Attorneys' Fees and Costs SELLER acknowledges and agrees that SELLER shall be responsible for its own attorneys' fees and all costs, if any, incurred by SELLER in connection with the transaction contemplated by this Agreement. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective date. BOYNTON BEACH COMMUNITY REDEVELOPMENT SELLER AGENCY r P " By: By: --- Print Name: .Terry Taylor Print - ame: Nathaniel R obi son Title: Chair Date: Date: ✓ Witnesses: Witnesses: Witnesses: Witnesse . �f ESCROW AGENT Lewis, Longman & Walker, PA By: Print Name: 00308089 -2 Robinson 517 NE V Street Post Closing Occupancy Agreement Seller: Nathaniel Robinson Buyer: Boynton Beach Community Redevelopment Agency This Post Closing Occupancy Agreement represents a part of the Contract for Sale and Purchase of Real Property with the Effective Date of The provisions of this Agreement shall survive closing. Legal Description and/or Address: PNC #08- 43- 45 -21 -29 -003 -0011 Part of Lot 1, Block 3, Sheppard Addition to Boynton Beach, according to the Plat thereof, as recorded in Plat Book 2, at Page 58, of the Public Records of Palm Beach County, Florida, more particularly described as follows: Beginning at a point 200 feet north of the southeast corner of said lot for a point of beginning; thence running due west 100 feet; thence running due north 50 feet; thence running due east 100; thence running due south 50 feet to the point of beginning. The north 50 feet of Lot 1, Block 3, Sheppard Addition to Boynton, Boynton Beach, Palm Beach County, Florida, according to the Plat thereof, as recorded in Plat Book2, at Page 59. a/k/a 517 NE 1" Street, Boynton Beach, FL 33435 In the event of inconsistencies between this Agreement and the Contract for Sale and Purchase of Real Property, the provisions contained in this Agreement shall prevail and are intended to supersede anything in the Contract for Sale and Purchase of Real Property inconsistent with this Agreement. 1. Seller may remain in possession and occupancy of the subject premises for a term not to exceed ninety (90) days after closing for the purposeof residing upon the subject premises. 2. Buyer assumes no liability for any damages, injury or loss to Seller or Seller's personal property as a result of said post occupancy. 3. Seller hereby indemnifies and holds Buyer harmless for any liability as a result of said posture and occupancy. 4. The parties agree that Seller pay an occupancy fee in a set amount of Ten Dollars ($10.00) payable in advance for the period of possession at the time of closing. 5. Sellers agree to maintain the gas, electric and water services in Seller's name while in occupancy and to pay the bills for such utilities as they become due. Seller agrees to pay all home Owner Association fees, costs and assessments during the period of possession, if any. b. It is agreed that no changes, improvements or additions shall be made without the express written consent of the Buyer. Seller shall be responsible for any damage to the premises, other than ordinary wear and tear. 7. This Agreement is intended only to give the Seller the right of possession for a period of ninety (90) days from the date of closing and NOT establish a Landlord/Tenant relationship. 8. Seller shall maintain hazard insurance on the property. It is specifically understood that should the premises be destroyed by fire or other occurrence during the time that the Seller is in possession, risk of loss of both personal and real property shall be borne by the Seller. 9, This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original, with all counterparts constituting a single instrument. BUYER: Boynton Beach Community Redevelopment Agency By: Jerry Taylor, Chairman Date: SELLER: Nathaniel Robinson Y: Nathaniel Robinson Date: 4 : BOYNTON"""""" 0""WMBEACH'4111""'CRA CRA BOARD MEETING OF: August 12, 2014 Consent Agenda J I Old Business I j New Business Legal I X Other SUBJECT: New Businesses in the CRA District SUMMARY: No information available from the City. FISCAL IMPACT: NIA CRA PLAN, PROGRAM OR PROJECT: Business Development Program t Tr mith Cof ey Marketing & Business Development C:\ Users \smith- coPfeyt\Documents \New Businesses Agenda Item August.dooz W V ✓ H VI a1 at aJ a7 aJ K m N m �6 [a fO f9 f0 i U U U U L L L L CL a a a a t u r '- a a Q. a Q. o 0 0 0 0 ^ LL a a a a o -a -a v - a c c c c a W y.?LL LL LL LL U V U U U N N N N N O O O O O L L L L d CD 0 cc O 0 0 0 0 J 00 0 0 00 O N N O OO OO i i N O 0 0 0 0 re Q Q 0000 O O _ O z z O 0 0 O co o O a 0 0 m Ln ° o 0 0 I .�:I N N LO Ul) th in to A J). V! fA T O O r_n d J �. LD LO aG O L- Lf 0 0 W z 0 �a W 0 J > a o w 9 0 7 d a LU a W Z Z CO c L Y } m o w od w N m z w ®g Lo Z +L.+ ' ' - p �y co N Of dnr U fQ U V m : V v o 0 � m d -!,e u v J m v a CL CA r . O m v a, z m Q. i c M o p ry O N La J l d. .� O r. co az `� � O m t O N f!J ~ 2 2 l7 ¢ ii oo m v v ��-T o �+ Z5 Q a) O U3 O N nl rn 4 'c a Z U O C E a) ° a c >. = Co 45 N E Q ai E "2 0 � 7 CO m a) -O O y O. C CO O to U) 0 p to U 0 42 ° �' : O C O O CO a) D O L O C O T U 2� co o C E 0 N O "' •�,U7 a) 0 cH ° O ID C C: CD cn c `O UL oya �D C !0 Lo U (D N a) U M c f0 Q m U o� aa�co '�u C) o�°as �ni ,m C) c ' o c C °° 0. N L � ro 4)� o C 'm C aCi o C c c c c O a d C c9 .L C a e t4 - " IL v� o � o o c� �o �o L LO Q 0 N O ti C O 0 Q Q QO O O N Z Z z v o O r b4 D 6g O O O O O O N m ° a o o ° o ° o ° 0 ' C) [ O � c ti CL a U) a o 0 0 C 0 ° L ° 0 = 0 o LO Q Q co 0 LO aa` � 'z z CL 69 es 613- cm �C a 0 ar v m d a m m o z _ :' co a) 0 .• 4 Y ti fn 'D U a) m 0 !L LL T r CL z w w w z T z z Ln N O co T LLB d• T r r 1i7 � d � m T eY o T T Q N p N O O p _r_ "", m N N Cl 2 :1 co ni co Q ti t t , t �s BoYNTON, �lih� ?t� )i` 1 B i �, C,`, CRA BOARD MEETING OF'. August 12, 2014 Consent Agenda I I Old Business I I New Business Legal I X Information C► nly SUBJECT Development Projects Update 500 Ocean (SE Corner of Ocean /Federal) — The site plan, land use and zoning change were approved unanimously on second reading at the Commission meeting on 711114. CRA staff continues to dialogue with the LeCesse team on possible CRA financial incentives. LeCessee has not applied for utility or construction permits as of the date of this report. Family Dollar (MLKISeacrest — The site plan, land use and zoning were approved at the Planning and Development Board. This will go before the Commission on August 19 National Full Service Grocery Store — Staff has met with a local grocery store chain but they wanted the land for free and the CRA to build the store. Staff declined the offer. Staff continues to work with a national chain. Ocean Breeze East RFP — Two proposals received. The CRA Board will provide direction to staff at the August 12 meeting. Casa del Mar - (2632 N. Federal Highway) — This 4.5 acre waterfront site is under contract to K. Hovnanian for a for -sale residential development. Two pre - application meetings have been held. Hovnanian plans on building 88 for -sale units on the site. They will be formally submitting to the City for site plan and zoning next month. Former Denny's Site/ 2201 S. Federal Hwy. — Contractor looking to buy and redevelop into office space and retail. City passed the code lien reduction program which will allow the purchaser to close on the property and renovate it. Healino Heart /220 -226 W. Boynton Beach Blvd_ ._ - A 4,000 sq. ft. new veterinary clinic and holistic spa for people. Proposed to be completed by the end of 2014. Two CRA economic grants are being applied for on the July 8 agenda. Seaview Park Club- 1630 N. Federal Hwy. — 1 acre site purchased by Olin to add to adjacent Manatee Bay Apartments. Construction is 90% complete. O cean — The project is complete. Cottage District — Staff has an additional property under contract for Board consideration on the August 12 T board meeting. Currently the CRA has 15 of the 21 parcels in the block under ownership. Vivian L. Brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglFY 2013 - 2014 Board Meetings\August 201418.12.141Development Project Update.doc