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Agenda 05-12-15
CRA Board Meeting Tuesday, May 12, 2015 @ 6:30 pm City Commission Chambers 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 AGENDA L Call to Order II. Invocation and Pledge to the Flag III. Roll Call IV. Legal: None 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: A. Movies in the Park: Recap —5/1/15 —Paddington Bear B. Music on the Rocks: Recap— 4/17/15 — Solid Brass Next Concert — 5/15/15 — Making Faces VIII. Consent Agenda: A. Approval of Minutes — CRA Board Meeting, April 14, 2015 B. Approval of Period Ended April 30, 2015 Financial Report C. Monthly Purchase Orders D. Approval of Commercial Interior Build -Out Grant to Health Buddy, LLC-CrossFit located at Casa Costa E. Approval of Commercial Construction Incentive Grant to Health Buddy, LLC- CrossFit located at Casa Costa F. Approval of Commercial Interior Build Out Grant to Gulfstream Auction Gallery, LLC G. Approval of Commercial Rent Reimbursement Grant to Gulfstream Auction Gallery, LLC IX. Pulled Consent Agenda Items: X. Information Only: A. Public Comment Log B. Marketing and Business Development Campaign XI. Public Comments: (Note: comments are limited to 3 minutes in duration) XII. Public Hearing: A. Notice of Intent to Dispose of Real Property known as Lot 23, Block 1, The Frank Webber Add. to Boynton, Plat Book 9, Page 3, Palm Beach County B. Notice of Intent to Dispose of Real Property known as 480 East Ocean Avenue, Boynton Beach, FL C. Notice of Intent to Dispose of Real Property known as 211 East Ocean Avenue, Boynton Beach, FL XIII. Old Business: A. Progress Update on the Purchase and Development Agreements between Ocean Ridge Hospitality Group, LLC and the CRA for 211 E. Ocean Avenue and 480 E. Ocean Avenue B. Consideration of Contract to Purchase Vacant Lot from Palm Beach County School District in the Amount of $12,500 for the Model Block Project C. Appraisal Report for the Ocean Breeze East Site XIV. New Business: A. Consideration of Letter of Interest from Neighborhood Renaissance for Two CRA - Owned Single -Family Lots on the Model Block B. Consideration of Change to Policy for Approval of Release of Invitations to Bid, Requests for Qualifications and Requests for Proposals for CRA Board Budgeted Projects or Maintenance Items C. Consideration of Systems Audit and Direct Incentive Funding Agreement ("DIFA") Payment Releases to Hart Seabourn Cove, LLC for the Properties known as Seabourn Cove -Phase I & II D. Consideration of Dates for CRA Budget Meeting XV. Executive Director's Report: A. New Businesses in CRA District XVI. Future Agenda Items: XVII. Adjournment NOTICE IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE CAR 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. CRA BOARD MEETING OF:May 12,2015 I ConsentAgenda I I OldBushtess I I NewBusiness I I Legal JXJ Information0ifly Other AGENDA ITEM #: VII. A. ;OUBJECT: Movies in the Park • On Friday, May I st, the CRA hosted Movies in the Park at the Ocean Avenue Amphitheatre. • The featured movie was the newly released Paddington Bear (rated PG). This free event took place from 8 P.M. to 10 P.M. Guests were encouraged to bring their beach chairs and blankets and refreshments. A trailer of select CRA district businesses was shown before the film. Gift cards donated by the selected CRA district businesses were given away through a drawi%,N to attending guests. Food, snacks and beverages were available for purchase by local area vendors. The CRA wi1l continue to encourage local business to participate. • This was the last Movies in the Park event for the Season • Movies in the Park is scheduled to start a new season on October 2nd, 2015 with a new theme. • Photos of the event (Exhibit A) %t 1 Hill il-171 WI III 1 11 1 �13 dristopher Burdick Special Events Coordinator T:XAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS"IlCompleted Agenda Item Request Forms by Meating\FY 2014 - 2015 Board Meetings"IlMay 20151Movies in the Park.dol (Exhibit A) Movies in the Park T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by MeetinglFY 2014 - 2015 Board Meetingsway 20151Movies in the Park Exhibit A.docx ■ CRA BOARD MEETING OF:May 12, 2015 F) Consent Agenda I I Old Business I I New Business I I Legal 1XI Information Only Other SUBJECT: Music on the Rocks aTfurTUMM"W • On Friday, April 17th, the Boynton Beach CRA presented Music on the Rocks — Happy Hour Friday featuring Solid Brass. • This FREE event took take place at the Ocean Avenue Amphitheatre from 6P to 9 P.M. • The weather was outstanding and we had approximately 250 people in the audience. • Food and drinks were available for purchase from local vendors. • Free, on-site, parking was available. • The next Happy Hour Friday concert is scheduled for Friday, May l5th, featuring Making Fac playing Rock, Reggae & Funk, This is the last concert of the season. • The Music on the Rocks series will return on October 16ffi, with a new lineup of bands. • Photos of the event (Exhibit A) I Christop er ick Special Events Coordinator T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeflng\FY 2014 - 2015 Board Meefings\May 201 SkMusic on the Rocks.doex (Exhibit A) Music on the hocks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\FY 2014 - 2015 Board Meetings\May 20151Music on the Rocks Exhibit A.docx (Exhibit A) Music on the Rocks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglFY 2014 - 2015 Board MeetingslMay 20151Music on the Rocks Exhibit A,docx MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD IN COMMISSION CHAMBERS, CITY HALL, 100 E. BOYNTON BEACH BLVD., BOYNTON BEACH, FLORIDA, ON APRIL 1, 2015, AT 6:30 P.M. PRESENT: Jerry Taylor, Chair Joe Casello, Vice Chair Buck Buchanan Michael Fitzpatrick Woodrow Hay Mack McCray David Merker I. Call to Order Chair Taylor called the meeting to order at 6:30 p.m. II. Invocation and Pledge to the Flag Vivian Brooks, Executive Director Tara Duhy, Board Counsel Mr. McCray gave the invocation and led the Pledge of Allegiance to the Flag. III. Roll Call Roll call revealed a quorum was present. IV. Legal: None V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda Chair Taylor requested hearing New Business, item B after the Consent Agenda to accommodate a speaker present. Motion Vice Chair Casello moved to approve the change. Mr. Merker seconded the motion that unanimously passed. B. Adoption of Agenda Motion Mr. Hay moved to approve the agenda as amended. Mr. McCray seconded the motion that unanimously passed. Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 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 Ms. Brooks had no disclosures. Mr. Hay disclosed he spoke with Mr. David Katz about a project. As for informational items, he attended the March 19th Concert featuring the Samantha Russell Band. He inquired how the bands were selected and learned staff tries to select bands with different genres. For a band to be considered, they should contact Christopher Burdick. On March 18'h, between 6 and 9 p.m. he attended the Phase II Harbor Master Building and Fuel Dock Ribbon Cutting. The ceremony was well attended and the project was an asset to community. On March 26th, the Family Dollar Ground Breaking occurred. He acknowledged there were many ongoing projects and he was excited about the way the City was progressing. Mr. Fitzpatrick disclosed he spoke with Mr. Salvatore Campanile, Tara Sinclair, David Katz, and Rebecca Shelton. Vice Chair Casello attended the Family Dollar ground breaking and the Boynton Beach Fire Department Fishing Tournament and Chili Cook -off. This year, there were 127 boats and he and Mayor Taylor were judges in the cook -off. Mr. Merker attended the Fire Department event, but found the most meaningful event to be the first MLK day. He commended Rae Whitely and Michael Norwood for organizing it and expressed he believed it was the start of residents and their children learning about their history. Mr. McCray disclosed he spoke with Tara Sinclair. He attended the Delta Sigma Beta event and acknowledged the South Palm Beach County Scholastic Achievement Awards. He was happy to learn over 500 students received awards at St. John Missionary Baptist Church. Mr. Buchanan complimented staff on completing the Harbor Master Building and the City and CRA staff for the Model Block program. He spoke with Architect Jim Williams in the past about Ocean Breeze East. Chair Taylor also attended those events. He explained the director of the food kitchen on Boynton Beach Boulevard by Bethesda Hospital West approached him. The kitchen feeds over 200 people a day and they want to start a program to deliver meals to homebound individuals. They need a room with a few phones to take calls to know where to deliver the food. He stated although this operation was outside the City limits, he contacted the president of Bethesda Hospital who agreed to look into the matter. Chair Taylor encouraged all those present to spread the word to help the food kitchen by allowing them to use just one room to take calls for deliveries. B. Informational Announcements This item was previously addressed. 4 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 VII. Announcements & Awards: A. Movies in the Park: Recap — 4/3/15 — Big Hero 6 Next Movie — 5/1/15 — Paddington Bear Chris Burdick, CRA Special Events, reviewed the Big Hero 6 movie that played on April 3rd and announced about 150 people attended. Staff also showed promotional videos of local business. Gift certificates, provided by local businesses, were given away at the end of the evening. He announced Paddington Bear would be viewed on May 1st and Mr. Burdick anticipated a good crowd. C. Music on the Rocks - Happy Hour Friday — 4/17/15 — Solid Brass About 100. people attended the March 19" concert featuring the Samantha Russell Band. The next concert on Friday, April 17t", from 6 to 9 p.m. features Solid Brass, a classic rock, heavy brass band. The last concert would be on May 15t", featuring Making Faces: a rock, reggae and funk band D. Recap of Boynton Beach St. Patrick's Day Celebration/Blarney Bash Mr. Burdick announced the Blarney Bash was very successful for a first-time event. It drew about 1,000 to 1,200 people and was equivalent to attendance at the holiday event. Different food vendors were available, and The Kitchen performed in the dining tent between sets for The Crack, Mighty Quinn, and U2 by UV. He hoped the event would grow bigger next year. VIII. Consent Agenda: A. Approval of Minutes — CRA Special Board Meeting, February 17, 2015 Mr. Hay pulled this item. B. Approval of Minutes — CRA Board Meeting, March 10, 2015 C. Approval of Period Ended March 31, 2015 Financial Report D. Monthly Purchase Orders E. Approval of Change to Homebuyer Assistance Grant Program Short Sale Policy & Guidelines Motion Mr. Fitzpatrick moved to approve the Consent Agenda less Item A. Mr. McCray seconded the motion that unanimously passed. IX. Pulled Consent Agenda Items: A. Approval of Minutes — CRA Special Board Meeting, February 17, 2015 W Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 Mr. Hay explained he pulled this item for corrections on pages 2 and 3, where the mediator was quoted and referred to Mr. Merker as "a CRA Director." He pointed out Mr. Merker is not the CRA Director. Mr. Hay requested Attorney Duhy explain the rules about retaliation. Attorney Duhy clarified when a complaint of harassment or discrimination is filed, it is illegal to take action to retaliate against that individual for filing the complaint. Behaviors that would be perceived as punishing the individual for filing a complaint would be considered retaliatory and make the CRA or the individual liable under the applicable Statutes and rules. Attorney Duhy agreed to provide further information and examples of what would constitute retaliation and forward it to all the Board members. Motion Mr. Hay moved to approve Item A as amended. Vice Chair Casello seconded the motion that unanimously passed. XIV. B. Consideration of Request from Morgan Boynton Beach, LLC to Change the Entity Name on the DIFA (Heard out of Order.) Motion Mr. Merker moved to approve. Mr. McCray seconded the motion that unanimously passed.. X. Information Only: There were no comments received on any of the following items: A. Public Comment Log B. Marketing and Business Development Campaign C. CRA 2014 Annual Report D. Boynton Harbor Marina Ribbon Cutting Ceremony Photo Gallery E. Family Dollar Groundbreaking Celebration Photo Gallery XI. Public Comments: (Note: comments are limited to three minutes in duration) Chair Taylor reminded attendees they could speak about items not on the agenda, but due to its length, the three-minute limit would be strictly enforced. There are also several proposals that would be made. He announced the presenters would have five minutes each to make their presentations. Anyone who wanted to address them would be limited to three minutes. There were no public comments. XII. Public Hearing: XIII. Old Business: A. Consideration of Value Engineering and Funding Options for the East Ocean Avenue Lighting Project Il Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 Mike Simon, Assistant CRA Director, reviewed staff was asked to negotiate a reduction in the price of the project through value engineering. The RFPs came in higher than the budgeted amount, creating a gap of $160,000. The project area encompassed the west end of Ocean Avenue to Seacrest Boulevard. Photographs of Ocean Avenue were viewed. The light poles stop in front of the Schoolhouse Children's Museum and the project proposed by Brang Construction, the selected contractor, was for nine poles on the north side of the street and six on the south. There would also be six new up lights between the sidewalk and Library parking lot which would draw attention to Ocean Avenue by the Library. Mr. Simon explained there were opportunities for additional lighting. The trees on Ocean Avenue have tree grates which allowed for the up -lights at those locations. There would be 32 lights and 32 new grates. For the area around Dewey Park, in front of the Civic Center and the playground east of the Civic Center was proposed to have 24 tree strap lights shining into the tree canopy. There would be 16 on the west side and eight at Dewey Park. Mr. Simon reviewed options one and two as contained in the meeting materials. Option one reduced the price by $41,000. Option two would reduce the project cost by $52,000. Staff was also directed to find funding in the event they could not close the funding gap and staff did so which was on the agenda as New Business Item A. Mr. Buchanan thought the project was very important to the development of Ocean Avenue and to the atmosphere in the lights and trees. He thought a project reduction would have a major effect on the area. Motion Mr. Buchanan moved to enter into a construction contract with Brang Construction for the East Ocean Avenue Lighting project in the amount of $349,907 with a 15% contingency for a total project funding amount of $405,000, and execute the contract once approved by CRA staff and the CRA Board legal staff. Mr. Hay seconded the motion. Mr. McCray favored the project, but inquired why the Board was not given a picture of what they were voting on. Mr. Simon explained the lights were the same lights used around the Marina tower entrance feature and on the Palm and coconut trees. Mr. McCray requested receiving examples next time. Mr. Merker asked if there was a Phase II and thought more lighting was necessary. He preferred to see a second phase planned and thought it would be easier to implement if done over a longer period of time, as the funds would be available for the project. This was done for other areas such as MLK Boulevard. Mr. Fitzpatrick asked if the poles on the south side would be in the way during construction of 500 Ocean and learned those poles would be relocated. Mr. Simon advised they would paint the blue light poles black, which was consistent with the development occurring on Boynton Beach Boulevard. Mr. Simon noted the current poles were at least 12 years old. He also explained they try not to change all the lights to LED lights because all the poles and fixtures would have to be changed. Additionally, the Board could save $12,000 by changing from multi -colored lights to white lights as long as the change would not sacrifice the integrity of the project. 5 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 Vice Chair Casello inquired if the poles by 500 Ocean could be relocated. Jonathan Hay, Kimley Horn and CRA design engineer, explained the poles were the same size and height and the difference in cost to remove them, refurbish and reinstall them was close to the price of new pole. He recommended salvaging the old poles and using them for replacement parts. Vice Chair Casello questioned lighting a playground that was closed at night. Mr. Simon explained changing from single lights to the double lights could stop people from sleeping at the park and the lighting offered crime prevention through environmental design. There are also individuals walking from behind the Civic Center to the street and it was a dark spot. He would like to have a wall light on the east side of the Civic Center wall. The banyan trees by the Civic Center may be removed. Mr. Simon agreed and explained that was part of the reason that area was identified for reduced lighting. It would not sacrifice the integrity of the job. Vice Chair Casello inquired how many poles were destroyed on Ocean Avenue due to car accidents. Mr. Simon was unsure, but explained the repair of the ballasts was very costly and they were not very easy to obtain. The street lights have to match the lights. The up lights were LED lights, but not the poles. Mr. Hay explained the quality of light from an LED light had a different light level on the street and it should be consistent. It would also be safer. Vice Chair Casello noted the Board had discussed using all LED lights and thought it was beneficial to do so on the nein% poles. Chair Taylor responded it was not consistent. Mr. Simon also noted there would be a greater up front cost, which was why the City has not conducted a change out. He could do a cost analysis to determine the cost, but explained this was a design with elements that could be changed. Mr. Hay had no problem with the poles being black, but explained years ago, there was discussion about the poles on the Ocean Avenue Bridge to A1A and Seacrest to A1A, and the teal color was selected for consistency. Mr. McCray also recalled the discussion. Mr. Hay questioned the need to deviate. Ms. Brooks explained all that was put in since then was black on Federal Highway to the downtown. Mr. Simon explained the poles could be painted teal. The 500 Ocean project was putting in black lights. Mr. Hay liked teal from Seacrest to A1A. Chair Taylor expressed the motion on the floor was for the full amount, but staff did not have it budgeted and gave some suggestions to reduce the project. He pointed out under New Business, there was a budget amendment, and he did not want to vote on the motion before he knew where the money was coming from. He requested the Board defer this motion and discuss it with the budget amendment. XIV. New Business: A. Consideration of Resolution No. 15-02, Budget Amendment #1 FY 2014-2015 (Heard out of order.) Susan Harris, Finance Director, explained there were two funding sources. There was money from last year's budget for project closeouts, which were the Marina, Phase II and the parking lot. In addition, there was funding for the Cornerstone DIFA that was not utilized, and the developer has not approached the CRA for a performance audit. That totaled $173,285 and a motion would be needed to move the money from last year's budget to this year's. 0 Meeting Minutes Community Redevelopment Agency Board Boynton 'Beach, Florida April 14, 2015 Another funding source was from this year's budget totaling $618,665, from three sources. These were the close out of the Marina Phase II, which was budgeted for $386,000. When everything was paid, there would be $185,000 to re -allocate. Another source was $100,000 from the Preserve DIFA for Cornerstone, who did not provide the information needed to release those funds by the required deadline. Therefore, staff could allocate those funds. The third option was to use $333,665 from the Town Square line item. There was $509,000 in that budget and only a small amount was used. Even if staff allocated the $333,000 to this project and ongoing grants, there would still be $135,000 left in the Town Square line item. Ms. Harris noted the Ocean Avenue Lighting project needed $160,000 to complete as originally bid. Mr. McCray emphasized the City Commission determined the poles on the bridge on Ocean Avenue would be teal. Motion Mr. Buchanan amended his motion to specify the poles remained teal. Mr. Fitzpatrick advised he supported eliminating the tree lights and the LEDs, but could not support the motion as proposed. Chair Taylor repeated the motion was to approve the project amount of $405,000 and make the poles teal. Vote The motion passed 5-2 (Vice Chair Casello and Mr. Fitzpatrick dissenting.) Mr. Merker went on record he was opposed to the color change to teal, but supported the motion. (Approval of the budget amendment was addressed later in the meeting.) B. Consideration of Value Engineering and Funding Options for the City Welcome Signage Project Mr. Simon reviewed the project and the history of the responses. Collage Design Construction Group's bid was $243,472 with a contingency that created a funding gap of $125,000. The Board directed all to meet again to reduce the price though value engineering. The members viewed two sign options. Motion Mr. Buchanan moved to enter into a construction contract with Collage Design & Construction Group, Inc,., as the general contracting firm for the Welcome Signage Project in the amount of $243,472 including a 15% contingency for a total project funding amount of $280 thousand and execution of the contract once approved by CRA staff and Board Legal staff. Mr. Hay seconded the motion. 7 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 Motion Mr. McCray amended the motion that gap would be funded from the budget amendment. Mr. Hay seconded the motion that unanimously passed. The lights were LED lights. C. Consideration of Development Agreement Terms with HH Boynton, LLC for Ocean Breeze East — Tabled 3/10/15 Motion Mr. McCray moved to remove the item from the table. Mr. Hay seconded the motion that unanimously passed. Steve Michaels, Hudson Holdings, Boynton, LLC, informed the Board they withdrew from the RFP. The action was not due to lack of interest; rather it was the timing and the ability to compete with potential credit projects as a market rate project made it difficult. He expressed it has been a pleasure to work with Ms. Brooks and Mr. Simon and thanked the Board for the opportunity to bid on the project. If the project is rebid, they would hopefully come back with a more redesigned and more thought out plan for the City. Vice Chair Casello expressed his disappointment as the project was in limbo for months and expressed he did not think their heart was in the project. The remaining Board members expressed similar sentiments. Mr. Buchanan inquired how the Board should proceed with the project. Ms. Brooks recommended they re -appraise the property given the updated Heart of Boynton (HOB) plan and list the property with a commercial multiple listing service, linked to the HOB to obtain interested developers. Staff could negotiate with them and bring the best proposals back to the Board. She commented the RFP process has limitations because of the way staff frames the project and it precluded market creativity. If the Board found a response they liked, staff would issue a Notice of Intent to Dispose of Real Property. She pointed out the CRA is not legally required to issue an RFP and there are very few residential sites left in Palm Beach County. By using the commercial listing service, she thought they would get a better price and find a stronger developer. She explained staff could obtain an appraisal in three weeks. She thought the CRA would receive a better return on the property. Mr. Merker commented this was the second time the project stalled. He inquired if the person coming to the table would be creditable. Ms. Brooks responded that was up to the Board to determine. David Katz, 67 Midwood Lane, suggested the Board allow the second -ranked RFP respondent to re -present their project to the Board. He did not think another month would hurt. Attorney Duuhy explained if the Board wanted to formally terminate negotiations with HH Boynton based on their withdrawal, a motion was needed. Motion Mr. Buchanan so moved. Mr. McCray seconded the motion that unanimously passed. 1.1 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 Chair Taylor asked if the Board wanted to pursue Ms. Brooks' recommendation. Mr. McCray favored following Ms. Brooks' recommendation. Mr. Hay inquired why the Board would not reconsider the second respondent. Ms. Brooks explained only Auburn and Hudson Holdings replied to the RFP and Auburn did not offer anything for the property. She thought the CRA would do better in the current market, but commented Auburn could still apply. Vice Chair Casello favored including parameters in an RFP because an RFP was negotiable. Ms. Brooks cautioned when they received responses to this RFP and negotiations changed, many Board members were not happy. She suggested it may be better to negotiate up front and then go through the process as it may have a better outcome. Mr. Buchanan favored following Ms. Brooks' recommendation. Chair Taylor inquired who favored her recommendation. Except for Vice Chair Casello, there was consensus to follow Ms. Brooks' recommendation. C. Consideration of Interested Parties for 480 and 211 East Ocean Avenue — Tabled 3/10/15 Motion Mr. McCray moved to remove the item from the table. Mr. Hay seconded the motion that unanimously passed. Ms. Brooks reminded all they sought to add activity to Ocean Avenue, to convert non-active uses to active, add to the tax rolls, maintain the historic character, create an identify for Ocean Avenue and encourage other businesses to invest there. This was not an RFP. They wanted to obtain qualified interested parties through a commercial broker and the process will remain open until the Board, decides to close it or select a party. 480 Ocean Avenue was built out as a restaurant and had a seating capacity of 75, The property was appraised for $190,000 without the land and the Property Appraiser valued the land at $153,000. The qualified interest parties for 480 E. Ocean Avenue were Sal Campanile for a pizza shop; Bruce Kaplan, for a local development company for a craft beer and pizza establishment; and Rodney Mayo, a local restaurateur; contemplating either a fish, coffee, or pizza shop establishment. Mr. Merker noted Mr. Mayo was a new presenter and inquired if allowing him to make a presentation was professional or correct. The only thing that upset him was others could come to the table. Attorney Duhy explained there was no legal reason the Board could not consider who the broker brings to the table. Mr. Merker inquired if they had the right to deny a proposer to make a presentation. Attorney Duhy clarified the CRA has a duty to dispose of property in the best interest of the CRA. It was within the Board's discretion, and she cautioned when making selections, they be based on the CRA's plans and criteria. Mr. Merker the thought door should have been shut. 9 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 Ms. Brooks explained the three individuals met the CRA's criteria. Vice Chair Casello inquired if a business plan was part of the criteria and learned it was not. Not everyone had a full business plan. Ms. Brooks explained each presenter would have five minutes to make their presentation. Mr. Merker questioned how someone could buy something from a City or County without seeing a plan. Ms. Brooks explained a business plan was a very detailed financial plan and not everyone had one. They had conceptual plans. The CRA asked for proof of their financial ability to operate. Mr. Merker thought financial plans and conceptual plans should be part of the requirement. Ms. Brooks cautioned the members not to get caught up with what they will put there as opposed to their ability to get the project done. The buildings are old buildings and the members should not miss the main issue of what can activate the project before season. Mr. Fitzpatrick was not comfortable moving forward until the CRA owned the land and wanted to consider Item 14D before voting on 480 Ocean Avenue. Attorney Duhy explained the Board was just hearing presentations from proposers on two pieces of property. The goal of the Board was to choose someone to negotiate with. From a legal standpoint, she did not think Item 14D had to be considered first. Chair Taylor disclosed he met with Tara Sinclair and Salvatore Campanile. Salvatore Campanile, Diane Drive, advised he is a master chef and master pizza chef. He trained at the Naples Institute of Culinary Arts and Hotel Management. He owns a 250 -seat restaurant in Delray Beach, which serves wood -fired pizza. His previous restaurant was a 6,000 square -foot, waterfront restaurant in Sugar Loaf Key. He took an abandoned landmark restaurant/tavern and turned it into a restaurant. It was a huge project. When they opened, there was a line out the door and a two-hour wait for a 250 -seat restaurant. He belongs to an association certifying he uses healthful ingredients and old world methodologies. He was under the impression there was a deadline in March to present concepts or plans by a certain time. His restaurant in Delray Beach was very successful. He opened in October and it was voted Best Pizza in Palm Beach County. Mr. Campanile grew up in Naples, Italy and has been in this business his whole life. In Italy, they produce olive oil, wine, and mozzarella. His plan for 480 Ocean Avenue was to create a pizzeria for authentic wood -fired pizza in addition to other foods and farm salads. He thought the building was the ideal location for a destination pizzeria. He is a 10 -year resident of Boynton Beach and has been looking for a location in Boynton Beach for a year. He agreed Ocean Avenue needs foot traffic, a destination restaurant, and social spots where people can meet and enjoy craft beer. He emphasized it was not just romance about food. Operators have to know costs and be able to transition from concept to execution. He did it already and between the two locations on Ocean Avenue, he planned to create at least 40 new jobs. Christian Prakas, one of the brokers, was representing a local development company that could not be at the meeting and advised he has a fiduciary relationship to the board and the presenter and to present all offers to the best of his ability. Mr. Merker thought if the person was not present, the Board should not hear from a third party the Board hired and thought it was absurd. Mr. Prakas commented the presenter was at the last meeting. The local development company wanted to implement a craft beer and artisan pizza `M Meeting Minutes Community Redevelopment Agency Board Boynton. Beach, Florida April 14, 2015 concept. They increased their offer to purchase the property to $335,000, all cash to close and no CRA incentive. They would like to see if the incentive for the hood system remained. If not, they have a professional partner with the expertise to run the restaurant. The company had invested a, lot in South Florida. They purchased a large property in Delray Beach and were zoning experts. They rezoned a 3.5 acre parcel on Federal Highway and just purchased a restaurant in Delray Beach. They have the financial ability to develop the properties. Paul Smidkin, Anderson and Carr, representing Rodney Mayo, was present with Mr. Mayo. He has been with the business in West Palm Beach since 1986 and Mr. Mayo was in business since 1987. Mr. Mayo is a proven winner with 15 restaurants and has three concepts on Clematis Street. He has multiple units in Delray Beach and he wants to do the same in Boynton Beach. Mr. Mayo would be creative with the spaces he has to work with. 480 Ocean Avenue is a small building with parking. One concept Mr. Mayo was contemplating was an Old Florida Raw Bar similar to Conchy Joe's in Jensen Beach. It would be a casual eatery with craft beers and fresh made to order sandwiches and salads. It would be a true seafood stop with a rustic feel. The second concept was a real chic pizzeria with a wood burning oven. A wood fire menu would be prepared with all foods fresh daily with no freezers, microwave ovens or corners cut. Another concept was the subculture coffee, featuring fresh coffee roasted in-house daily, along with teas, whole beans and other treats. Mr. Mayo would partner with small ecological minded farmers and offer his customers, organic, socially responsible and sustainable products in a warm and quaint atmosphere. Craft beers and wines would also be offered. Mr. Mayo opened a new store in Delray Beach and has a total of 315 employees. They all have friends that frequent his restaurants, and his restaurants are very successful. Chair Taylor opened the floor for questions. Mr. Merker asked Mr. Smidkin if he was contacted by a lobbyist, or member of a City board other than the CRA and he responded no. Mr. McCray noted the three separate concepts and inquired if there would be a fish market. Mr. Smidkin responded there will not be a fish market. Vice Chair Casello inquired what subculture coffee was and learned they would roast their own coffee on site and bake treats with no preservatives. People would gather there and converse. It would be a destination. Operating hours would be seven days a week from 7 a.m. to midnight and Mr. Smidkin anticipated they would employ between 8 and 12 employees. Currently they own 15 restaurants and they proposed to lease with an option to buy after three years. If that was not possible, they would purchase. Mr. Fitzpatrick inquired why they were not present to make a presentation at the last meeting. Mr. Smidkin explained they got word at the last minute. Vice Chair Casello inquired about the lease amount, which was included in the meeting backup and further learned the lease was for startup and then they would go straight to purchase. The only incentive they requested was the hood and free time at the beginning of the lease for design changes o!, redecoration. Christian Prakas for Bruce Kaplan explained they wanted to purchase the building and they had increased their purchase price to $325,000. Mr. Prakas explained he was a transactional 11 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 broker, authorized to represent Mr. Kaplan. Vice Chair Casello inquired if the CRA signed off on it and Mr'. Prakas responded he was not legally required to do so regarding commercial buildings. That provision only applied to residential buildings. The only incentive requested was the $45,000 interior -build out for the hood. They guaranteed to invest over $90,000, and the hood was anticipated to cost $20,000 to $30,000. Mr. Prakas explained Mr. Kaplan has a craft beer supplier from South Florida lined up, and Lou Ventura, a famous operator from Atlantic City would come down for the project in Delray. Mr. Prakas did not know which concept he would select. Mr. McCray was concerned the person would back out. Mr. Prakas explained the owner wanted a fast close as soon as the CRA could issue a contract. Mr. Merker explained it sounded like Mr. Prakas was working for the developer because he was representing the developer. He also noted the purchase offer increased. He inquired if anyone else had the chance to negotiate and increase their price. Mr. Prakas explained once Mr. Kaplan saw the documents posted on the website, he decided to raise his offer so he would have the best chance to obtain the property. Mr. Prakas did not approach anyone to see if they wanted to increase their purchase price. Mr. Merker found it disdainful he was speaking and selling for Mr. Kaplan and working for the CRA. Mr. Prakas explained he wanted Mr. Kaplan or a representative to be present, but they were not. Mr. Merker inquired if Mr. Prakas was contacted by a lobbyist or member of a City Board other than the CRA and learned he had not. Sal Campanile, explained he made an offer to purchase both 480 and 211 Ocean Avenue. He did not receive any paperwork that Mr. Kaplan increased the purchase price and explained he was only interested in purchasing the property. Mr. Buchanan asked what would occur if he could only purchase one of the two properties. Mr. Campanile explained they have $1.5 million for the two properties. He was confident he could operate both the Boynton Beach and Delray locations. Mr. Campanile advised he has a business in Brooklyn that is very successful, and they were contemplating rolling out their restaurants in all major airports in the U.S. There would be local craft beer and wine on tap and by the glass at 480 Ocean Avenue. He planned to slightly change the building footprint. Mr. Campanile expressed air conditioned space was needed in order to have a year-round comfortable place. He was looking to add an additional 800 to 1000 square feet. Mr. Campanile also advised he does not know David Camalier. Mr. McCray liked that Mr. Campanile was local, but did not like the attack on Mr. Kaplan. Mr. Campanile explained he was not attacking anyone, but Mr. Kaplan advised he was in the business of flipping properties. Mr. Merker inquired if he would be a hands-on owner and learned he would. In response to Mr. Merker's questions whether he was contacted by a lobbyist, Mr. Campanile advised he received a call from David Katz. Mr. Katz explained he was on the Planning Board and he asked about the project and if he would like to meet, Mr. Hay inquired if he had the finances to take the project from concept to completion and learned he did. Chair Taylor opened floor for public comment. No one came forward. 12 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 Chair Taylor explained he was looking for experience and some of the respondents have it. Mr. Campanile and Mr. Mayo did and Mr. Kaplan was a developer. He wanted the business to generate activity. He thought it was good to get the properties on the tax rolls through a purchase. He liked Mr. Campanile's project and they could get it going. Vice Chair Casello supported' Mr. Campanile's plan as did Messrs. McCray and Merker. Ms. Brooks noted Mr. Kaplan raised the price, and the Board could ask Mr. Campanile if he would match it. Mr. Fitzpatrick liked that the owner lives in Boynton Beach. He liked the Master Pizza Chef designation and there were only five in the country. That criterion could not be duplicated. He advised he was leaning toward Mr. Campanile. Mr. Hay noted they just had a failure with the prior restaurant owner and did not want to get hung up on a concept. He wanted an operator to take the project and complete it. He did not want the CRA to be in a land owner position and did not want the same owner for both properties. He felt Mr. Kaplan has good financial backing and was leaning towards him. Mr. Buchanan inquired if Mr. Campanile would be agreeable to a deed restriction giving the CRA the first right of refusal and learned Mr. Campanile would not oppose it. He would also match the $325,000 offered by Mr. Kaplan. Motion Mr. Merker moved to accept the offer by Mr. Sal Campanile for 480 Ocean Avenue and open negotiations for contract approval to be brought back to the Board. Vice Chair Casello seconded the motion that passed 6-1 (Mr. Hay dissenting.) Ms. Brooks reviewed the 211 East Ocean property needs a major site plan approval by the Planning and Development Board if they were to add to the building. They would have to appear before the Historic Resources Preservation Board and the City Commission. This was not a rezoning, but it takes the same amount of time as a zoning change would. All the uses will need to be handicap accessible, including ramps and restrooms. The building needs significant renovation and the CRA budgeted $200,000 for the selected operator. The CRA obtained an independent appraisal reflecting the property was valued at $255,000. (Mr. Merker left the meeting at 8:37 p.m.) The respondents who met the qualifications for this property were Sal Campanile, Bruce Kaplan, Rodney Mayo, Tara Sinclair, and Eric Weast, Jason Ficarra, and Kory Patrick, who would make presentations in that order. Mr. Campanile advised his concept for 211 E. Ocean was La Piazetta, which means little square or social gathering space. It would feature wood fire authentic pizza and a full-scale restaurant, open kitchen, and al fresco indoor and outdoor dining with a completely different menu. He would display an oak fired grill for steaks and seafood and they would offer homemade artisanal pastas and flatbreads. There would be a small stage with controlled sound system and a full bar with craft beer and wine. (Mr. Merker returned at 8:40 p.m. and left the dais again.) 13 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 The focal 'point would be the large oak fired grill. (Mr. Merker returned to the dais at 8:49 p.m.) Mr. Campanile announced he operates a culinary academy and workshops are booked three months in advance. This was a larger, full-scale restaurant and if the City permits it, would have at least 200 seats. Mr. Campanile reiterated he has $1.5 million to dedicate to both projects and thought most of it would be used for 211 Ocean Avenue. As soon as approval is given, he would use his mechanical, electrical and plumbing team and create a CAD (computer aided design) of the kitchen and restaurant and a 3-D video would be brought to the Board and City Commission. Christian Prakas reviewed Mr. Kaplan's offer which was to lease to Three Horns Brewery, and they may request funds to bring the building up to Code. If Three Horns Brewery was unwilling to accept the venture with the local development company, the development company would contact other local businesses, including other CRA applicants to lease the space. If unable to secure a tenant, they would add a wraparound porch to the property, and renovate the indoor and outdoor space to open a hip tapas restaurant and lounge with a full liquor license and an intimate beer garden in the rear of the property. Mr. Kaplan expressed they were willing to give the CRA the first right of refusal if they were to redevelop the property down the road. The offer was $300K. Mr. Prakas explained Mr. Kaplan wanted to be present, and they were again acting as a transactional broker. If Mr. Campanile could not attend, they would have appeared on his behalf too.. Mr. Smidkin explained Rodney Mayo owns multiple restaurants such as Dada, Holly's Trist, KaPow, Camelot, Lost Weekend, Hugabaloo, Longboard's Restaurant and Bar and Subculture Coffee and likes establishments to be in close proximity to one another. In light of 480 E. Ocean Avenue being purchased, Mr. Mayo withdrew his proposal for 211 E. Ocean Avenue. Tara Sinclair clarified unfair misconceptions circulated about her proposal made it appear she was seeking more than she was. She had distributed a written statement prepared by her CPA to the Board to demonstrate they were financially viable. She was investing as much or more than the other proposers had, but the two differences between her proposal and the others was the amount of assistance she was requesting and the outcome her project would achieve. There was a suggestion her research on construction costs was lacking. Her calculations were conservative. In the study from the CRA in 2013, it was determined the property requires the construction of outbuildings to make proper and full usage of the property. She addressed that through four luxury suites for the bed and breakfast (B&B). Her project costs more because it addressed the actual issues. It incorporates multiple revenue streams including a beer and wine bar, a B&B, and a dynamic event space. She noted 70% of new restaurants in underdeveloped areas, such as the subject location, fail in the first two years. The project gives the local community a place to congregate in a fun, artsy downtown area. Her project provides local non -profits gifted event spaces once a month to create community alliances and outlets for charitable enterprises. The elements are a perfect match to the Boynton Beach Master Plan, Zone 3. The project will create economic spin offs apart from the project. It would hold a number of events each week, including art, social clubs and weddings. Two of the largest travel agencies, Zell and Triple A and one of the largest bridal fashion houses, Alfred 14 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 Angelo, will be clients of hers. A single destination event creates $25,000 in economic spin offs from patrons visiting local restaurants, shops, spas and the Marina. The City invested $5 million to upgrade the Marina, but sports fishermen need a place to stay. There is a huge demand for classy B&Bs and Boynton does not have one. Her proposal includes local, national and international marketing. It will have a large sophisticated crowd. It is the only project that addresses the preservation issue and the home would be a landmark destination. Ms. Sinclair received a. Facebook page response from someone on the Historic Resources Preservation Board they liked her concept. Eric Weast, and Jason Ficarra reviewed their proposal and explained craft beer is the largest growing market in the alcohol industry. South Florida was becoming a brewery hub and has had continued growth year -over -year. Between 2012 and 2014, there was a 40% increase in output of beer volume from Florida breweries. He reviewed craft beer sales increased 17.6% and accounted for about 20% of total beer sales while only taking an 11 % market share. It is a high - profit item. Mr. Ficarra:. explained the group is comprised of three friends who love to make beer. They could not buy the properties and wanted to lease and eventually buy. They do not want to fail, as this is their livelihood. They produce great beer in small quantities that would only be available in Boynton Beach. They intend to provide food options that complement their beer and create a community for millennial consumers and craft beer enthusiasts. The goal is make the best beer in the world. They were born in Boynton Beach and two of the three live in Boynton Beach. They think the downtown area currently lacks the millennial crowd they would attract and hold events on the Avenue to address tourism. Mr. Ficarra explained beer festivals attract 3,000 to 5,000 attendees, impacting the surrounding establishments and Ocean Avenue is the perfect place for festivals. Their revenue streams would consist of beer and food sales, and bottle releases, brewing events and merchandise sales. They have a site plan prepared and the historic significance of the building, combined with their plans, would be a huge draw and bring a renewed energy to the downtown. Mr. Merker commented this building is a special piece of property and there are varied venues. He wanted to table the item to give him more time to comprehend the property and plans. Motion Mr. Merker moved to table the decision on the 211 item. The motion died for lack of a second. Mr. McCray received confirmation they could not purchase the property and Mr. Ficarra clarified the offer was to purchase at fair market value after three years of leasing. They planned to have a full bar and beer and wine with meal foods or snack foods and he had already spoken with Mr. Campanile about a permanent mobile kitchen for big events. He anticipated the seating capacity would be about 150 seats in the tap room. Their request was for $200,000 plus the grant funds as needed. Ms. Brooks added the language and explained 211 E. Ocean Avenue was an $800,000 project for anyone because of the add-ons. She assumed all the Respondents would request the grants in the next fiscal year. Mr. Hay visited the site yesterday and inquired if they had conducted an assessment of bringing the building to Code. Mr. Ficarra responded his contractor had indicated it would be about 15 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 $220,000 because the house was secondary to the use. They want to keep the house as historic as possible, keeping a 1920s and 1930s lounge theme and bring it up to Code with two restrooms. The tasting room would be in the back with a design to complement the interior. Mr. Hay thought adding a porch and parking may be an issue. The front did not have room for parking, but they could have parking in the back to the north off the alley and primarily rely on City lots since they do not have to add parking due to the building being historic. If they were wildly successful they would look at an industrial location to manufacture. Vice Chair Casello could see growth happening quickly and being overly successful. He inquired other than tastings, what events they would hold. Mr. Ficarra explained beer festivals are big events, where 30 or 40 breweries participate and event goers have tastings. They can use food truck events, food pairings, and small concerts or shows. Mr. Ficarra explained they invested $200,000. Chair Taylor explained their estimate to bring the building up to Code was $250,000 and those are often low estimates. He asked where the extra cash would come from if it were to cost $300,000 and the wrap around porch was $220,000. Mr. Ficarra explained they tried to obtain a detailed breakdown and got rough estimates, but was willing to take the steps to see if they could do it. Very lengthy discussion followed with all the respondents about each aspect of their proposal. Chair Taylor opened floor for comments. Chris Montague, 222 West Ocean Avenue, asked if the members received his proposal for the music school and learned the members had. He expressed his disappointment with his experience with the CRA. He commented the CRA violated their own rules, deadlines changed, and there were late submittals. As interested as he was, he hoped in the future if doing something like this, the CRA would decide what they want to do and then do it and not waste everyone's time. The realtor advertised leasing a building and there was a for sale sign in its front yard, Vice Chair Casello advised he made a great presentation and he hoped he continued to grow and stay in Boynton Beach. He hoped they could help in the future. Mr. Montague expressed he would stay in Boynton Beach, but he would not want the CRA as his landlord. No one else coming forward, Chair Taylor closed the floor to comments. Attorney Duhy clarified some Board members used the word "award". She explained after a selection they would negotiate a contract to come back to the Board for approval. There was a final approval that would be needed later. She recommended the Board impose a deadline for the contract negotiations so it would not remain open ended, and Ms. Brooks indicated something could be brought before the Board by the next meeting. Attorney Duhy recommended a motion be made to that effect. Motion Mr. Buchanan so moved for a 30 -day contract negotiation time limit for the 480 property. Mr. Merker seconded the motion that unanimously passed. 16 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 Mr. Buchanan, due to fiscal responsibility, would support purchase of the property. He really liked Ms. Sinclair, but with the expense to the CRA for the project, he did not think it would generate as much foot traffic as a successful restaurant or brewery would. Chair Taylor liked the bed and breakfast concept and would like to find another location where it could be located. He agreed foot traffic was important. There were 300 units that would be constructed on Ocean and Federal. Mr. Campanile was highly successful. He fit the order and had the financial backing to succeed. He requested the members assist Ms. Sinclair in finding her a location Vice Chair Casello agreed with Chair Taylor. He and Mr. Campanile had spoken before and he was leaning towards him. Mr. Fitzpatrick thanked Mr. Prakas on an excellent choice of proposers. He was disappointed Mr. Mayo withdrew his proposal and thought he held the gold standard of restaurant. He thought Mr. Campanile was a good substitute and was concerned about putting all the eggs in one basket. Mr. Merker thought there was a contradiction. If the Board wanted to help someone, they should postpone the matter. He liked the B&B concept and thought they should delay the decision another 30 days. Mr. McCray liked Ms. Sinclair's project and would like to find her another location. Motion Mr. McCray moved the project be awarded to negotiate a contract to come back to the Board. passed. XIV. New Business: Motion Mr. Salvatore Campanile with the 30 days to Mr. Hay seconded the motion that unanimously B. Consideration of Resolution No. 15-02, Budget Amendment #1 FY 2014-2015 Mr. Buchanan so moved. Mr. McCray seconded the motion that unanimously passed. C. Consideration of Request from Morgan Boynton Beach, LLC to Change the Entity Name This item was addressed earlier in the meeting. D. Consideration of Purchase Agreement between the CRA and Vonerick Capital Partners, LLC in the Amount of $130,000 for Property Located at 515 NE 1St Street Motion Mr. Merker so moved. Mr. McCray seconded the motion that unanimously passed. 17 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 1, 2015 E. Consideration of Approval of Conveyance of Property and Closing Documents for the property located at 480 E. Ocean Avenue from the City of Boynton Beach to the Boynton Beach CRA Motion Mr. McCray moved to approve. Mr. Merker seconded the motion that unanimously passed. XV. Executive Director's Report: A. New Businesses in CRA District There were no comments on this item. XVI. Future Agenda Items: XVII. Adjournment There being no further business to discuss, Chair Taylor properly adjourned the meeting at 9:57 p.m. Off Catherine Cherry Minutes Specialist 041515 m BOYNTO =BEAC RA CRA BOARD MEETING OF: May 12,2015 SUBJECT: Monthly Financial Report WMMARY: Monthly budget report to the CRA Board representing the revenues and expenses for the month ending April 30, 2015. FISCAL ]IMPACT: None RECOMMENDATIONS/OPTIONS: Approve monthly financial report. IM11KINIXT-Aril - 0 T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeting\FY 2014 - 2015 Board Meetings\May 20157inancial Report.docx N C 0 Ln M r- 0,0 O 00 0'o 0 r, 0 ct) to mCh O V O L, 0 0 m m '1 0 m -I m (5 0 w C, "! 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Ci C4 r - Ln v 0 Ln A WD 0 m N A Ln r- 0000 0 In 0 Ln Go Ln cla Ln ct to R 0 0 cop 00 0 c' w Ln C%l Lf) • z • 0 H R H 0 pa cn P4 a 0 CID CD 0 Ln In M H I I I 000 I 1-1 I I N, i. N N IT Z, I I C"lo, E4 1� U7 Ci OC9 x.o o in ON dp rl a, 0 LO 0 'Cli L" re,4 0 CIF O LnLn p w r- ob H 0 AC W In v at OD � cli HI -0 co A �4 cm voo 999 to (n co W C4 0 10 0t ISi 14 C4 000 000 0 P 000 C, rl r1 000 E-1 C� .D 4 a cq eq E-1 tn. El P4 Eq 1, H P-1 u E4 mooaW Ln Ln U to Im Ln p Ln 0 H I I "I J, ll� cl� . 9 I I .1 -0 F, a I Im, I I f, I ar, N :2 F I I. I 1� I E R ■ C" BOARD MEETING OF: May 12, 2015 X I Consent Agenda Old Business New Business Legal Information Only Other T: Purchase Ordeg SUMMARY: Attached is the purchase order report for April 2015. FISCAL IMPACT: See attached FITR �40 �00 �1.1- 1111IN11:11111 611010 313111214111111 0 0�- T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTSkCompleted Agenda Item Request Forms by MWng\FY 2014 - 2015 Board MeefingsWay 20151Purchase Order Report.docx Boynton Beach CRA Purchase Order Report Month:•2015 .. Description f-e-asiffillity Study - 131313 and Klmley-Horn 02-58100-203 'iSeacrest Study Vonerick Capital Partners Longman f 1 f 02-68200-401 l! '!Property X I Consent Agenda I I Old Business I I New Business I I Legal I I Other -1 SUBJECT: Approval of Commercial Interior Build -Out Assistance Program Grant to Health Buddy, F_LC for the Property Located at Casa Costa, 615 E. Boynton Beach Blvd. 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 will be doing a complete interior build -out. 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 $25,000 in matching, reimbursable funds. The Interior Build -Out Grant is reimbursable once the proper reimbursement documentation is submitted to CRA staff. FISCAL IMPACT: Project Fund Line Item 02-58400-444 '1111,00TI-79k, I i I hi 11 1, 11 & RECOMMENDATIONS: Approve the Commercial Interior Build -Out Assistance Program Grant to Health Buddy, LLC for the Property Located at Casa Costa, 615 E. Boynton Beach Blvd. not to exceed $25,000. Michael Simon Assistant Director h:l 1,- }=-5777 ! ':1 _ AA �.4 l # _ M. ♦ �• ;_ [�; • = tR # ri • • ii !� it h= • ! 11 �11 1. Prop" must be looWed within to CRA Distrid (we attached map). 2. Must provide Pro& that the business le property licensed by all mcessary levels of govgmnmt and profsesional of agOnCIGG, (Coples of City & County licensee or receipts that OW licenses havebeenapplied r! 3. A row businm Is defined as a company In operatim for lese then six rwnthe or rabcaft to Boynton Beach. 4. An existing business Is defined as being In operation WMIn the GRA district for a minimum of three yeam at the tho of applicawn. 6. An existing business must expand to occupy more then fifly percent (6D%) of Its ourrard square -`! # .P: fvw ohs. _ lkF: I ! *.5 thisthreshold mLWbe provided the application package. Exceptiona to this rule may be maft at the discretion of to CRA Board ff to tenard is losing their current space due to redevelopment of the Me. 18. The Applicanfa Experbn conaurner report must reftl an acceptable level of financial slablRy, to to sole discrellon of the CRA, as an algiblifty requirement fbr funding. A copy of the consumer remd will be provided to the Applicant upon request. 7. f / 14r.must _ /:, wvnthe building piers 1i operate 1: 1 or proposed ! executedmultl-yew Wow • year minimurn). • — INM SRI The following businesses are considered f Build -Out Assistance Program: ineligible A, Fbimm Sam Convankm Biwa Chtechn Non Proft Ili l SMFMWy i 1 ' #j' Take-OttFooft I Km Ton Bam Pom Shope Alwhd ♦ l b 1 I` CRA 1IJ..'�— i _ - _ 1 k;' t; I I =77 T EL - 17: 77 a 11 raw! Izil RX6 la 1 • i 1 1 ProofM ',l �i caPw* shag be conflrmed by copy of to Chy of Boynton Beach Local Business Tax RewIpL 'nor Two SLoIrmtess r -,• 1 _ 1 i Vin' - ►-: . 1 • i :•� td ♦ • "''M' s f �! Gourmet• Restaurants with total seating capacity under 50 • Food Market • Bakery • BedandBmakkd • • 7 ,e Boutique Ji• c • 1 =ishoesrr - i- t • Home D6wrA%ftn - home furnishing% art galleries, kitchen warm • Specialty Businesses - slationery, gft sporting goods, personal cam PUStedma. studios, Rb centers and salons • Medical Oftee C' `.- r:s • Real Estate Offices • Insurance ♦ rw • ' rr• I t. Offlose • Marketing r. The comrnerclal lease define •,at minimumR • 1! -. -� '. 1( "'n -,"; all bills related 1)"s projectors paid Ir full Including, but not limited to, all contradbre. subcoftacts, perrnks. IF iJJNALqWf�-W--Wmj r7 Beach County or Me Shft of Florida. The Commsfulal Interior Build -Out Asslotanos Program vAII only honor now expendhm that hm riot bow submitted under other grant programs. The Commercial Interior Budd -Out Assistance program may only be used one lime In any Me par Period kw SI Oro sPeciftc commercial unit or business entRy. Grantees shall allow the CRA the rights and use of photos and project application materials, ! w ,q The recelpt of post payments is no guarantee of fUture payments. The CRA retains the fight to Pill 1 1 -11717=71 01 f _ * aa it 17 Program's RulaslRequirements and Applicetion. ► r r '„� '++ . 'fir n '-i a r. � Ertl 1, 2014 – September 30, 2015 CommunityBoynton Beach I t Agency I l Interior itd-OLd Assistance Programll (Pleaser Print Only – Use Additionalt If BUSINESS S WORMATIO Business Name (DIBIA if applicable) -- Current Business address ... ... ... ... ... ... ... J � ��- � , � � ,� � � ,.,...� � �v �a 0-401 Fere 0,2' 10 ,. Phone: t AX10 , � � ,.,,.....mmmm.......................... mm„ Existing 1 5; Yep r of years i F t rm, .-- New — Business to Boyntoneach; Yes No— Timet Current Location,Do you have an , executed lease agreement: M..__ If so, monthly l rent; , Square footage of existing location _ Square footage of new location Number of Employees: Hours of Operation, ��. , kin l . Page 7 of 11 710 North Federal Highway, toys Bead, FL 33435 Phone 561-737-32561-7 -GAIItbao « = 1. Principal/Owner Date of Birth, Current Address - 2. PrincipallOwner Nam Date of Birth: Current Address- M EmaT. e -V -P I I jLLbjShdPhone A —4Z A, T 4. PdricipallOwner Name: Date of Birth: CurrentAdorass: only): Yes— No— If yes, what additional programs are you applying fbr: Are you receiving grant assistance from any other governmental agencies: If yes, list any additional grant sources and amounts: 9= page a Of 11 710 North Federal HiahwaY, B=n Beach, FIL 33436 Phone 561 -737-3256 Fov —99A437,MiZ of The applicant(s) further ceffles that he/she is "are imprisonment makingfalse statementsor presenting false # rrnation. I further acknowledge that I have read Runderstandthe terims# conditions understandRedevelopment Agency Commercial Intedor Build -Out Assistance Program Rules and Requirements. - applicationis not guarantee _ 9 in its i, ,i'. ii. discretion i# discontinue payments K M- nolongerthe furtherance - absolute determination it feels such ofthe CRA mission. I hereby waive my rights under the pfivacy andconfidentialityprovision Boynton Beach Community Redevelopment Agency, Its agents and contractors to examine any confidential irdormation given herein. I further grant permission, andauthorizebank, i i - or other p ut4c; or tocompleteapplication. private agency to disclose information deemed necessary give permission to the CRA or its agents to take photos of myself and business to be used to promote the program. understand th at application and thi information incomplete, it will not be processed. it is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Gra Program's Rules/Requirements and Application. i M SignatureDate - PdncipalfOwneis&nalure PrincipaMwner's Signature tR W1"A no Printed it djqVnM_ BgMnton Beach. FL 33435 Phone 561-137-3256 Fax 561-737-3258 14 i i � � r:'� # #kms.. :....' X � ,� Y ♦ ti^ �i I +: ; � STME OF COUNTY OF o } �` = 4 f #, � f•; t:.� � : � ♦ ♦ ! '! 1 k i �' -i Art '. ;�1 -7 inMt", rAr _ -� N = ! i h. f •t Notary'as to PrincipallOwner's Signatures. Multiple notary pages may be used if signing individually. STATE OF FL COU NrYOF BEFORE ME, an officer duly authorized by law to administer oaths and take ack'novAedgements, personally appeared_---------,4"�;- ks/ate pIrsonally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposes mentioned in IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this .......... _ day of 201f 0 My Commission Expires: Page In of 11 milli 0 PrInteO Name Landlord's Signature EM Printed Name T 5e Page 11 of 11 trio Mvm 9-91-737-3256 Fox 551 -737-3258 rom- http://search.sunbiz.org/Inquiry/CorporationSearch/ScamhResultDetai..,, conucl Us E -Filing Services Doc UrI Searches F* rm, s Hop '--1EAI-TH BUDDY LLC CiliTO ITfv=ati0T Documenin;-umber L13000122091 FEl/EIN Number 46-3532705 Date Filed 08/28/2013 Effective Date 08/28/2013 State FL Status ACTIVE Principal Address 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 Mailing Address 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 X,S1-rAStS2"e &'I!a� �10O � ROBERT J. GARDENER INC. 420 US HIGHWAY 20 NORTH PALM BEACH, FL 33408 Authorized Person(s) Detail Name & Address WELLINGTON, FL 33414 (D and State of Florida, Department of State 1 of 3 4/28/2015 3:21 PM E)e4all by L`ntitv Name Report Year Filed Date 2014 04/07/2014 http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetai... 04/07/2014 ANNUAL REPORT View image in PDF format 08/2812013 Florida Lim! View image in PDF ibrmat 2 of 3 4/28/2015 3:21 PM DOCUMENT# L13000122091 Entity Name: HEALTH BUDDY LLC Current Principal Place of Business: 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 Current Mailing Address: 1035 GATEWAY RO 1 -249 IROYNTON BEACH, FL 33426 Number. 46-3532705 . . . . . . . . . . ROBERT J. GARDENER INC. 420 US HIGHWAY 20 NORTH PALM BEACH, FL 33408 US FILED Apr 07, 2014 The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both, in the State of Florida. SIGNATURE: Electonic Signature of Registered Agent Date Authorized Person(s) Detail: Title MGRM Name FEDO, ROMAN S Address 12666 HEADWATER CIRCLE City -State -Zip: WELLINGTON FL 33414 Title MGR Name DABABNEH, IBRAHIM R Address 10584 LONGLEAF LANE City -State -Zip: WELLINGTON FL 33414 I hereby cen'ffy that the information Indicated on this report or supplemental report is Mis and sm. rale and that my nlechunic sign@ftff9 stW1 have the same bo effect as if made under oath, that am a managing marnberor manager of the limited habiftycompany or the receiver or trusted empowered to executa M report as required by Chapter 605, Fbrida Statutes; and thatrny name appears above, of on an attachment with all otherlike empowered. SIGNATURE: IB HIM R. DABABNEH MGNT PARTNER 04/07/2014 Electronic Signature of Signing Authorized Person(s) Detail Date ABE DABABNEH 1030 Gateway Blvd.- Boynton Beach, FL 33426 Mobile (561) 262-0080 abe@smokein,�iy..com ABE DABABNEH 1030 Gateway Blvd.- Boynton each, FL 33426 ?&bile (561) 262-0080 abe@smokeinn.com EXPERENCE SMOKE INN, LLC. - Boynton Beach, FL 1996 - Present Premium Ugar Retailer Owner &Managing Member o Accomplishments listed. ;¥s®« ABE DABABNEI-I 1030 Gateway Blvd.s Boynton Beach, FL 33426 Mobile (561) 262-0080 abegsmokeinn.com EDUCATION AND PROFESSIONAL MEMBERSHIPS LOYOLA UNIVERSITY - Chicago, IL 1993 -1994 A&rketing and Business Administration 10 INDIANA UNIVERSITY - Bloomington, IN 1990-1992 Afarketihg and Business Administration CIGAR MEDIA ASSOCIATION, Advisory h&tnbn 2014 — Present DAVIDOFF TJSA. Retail Advisory Committee 2015 - Present ALTADIS USA, Retail Advisory Committee 2008 —2015 Q IPCPR, Bo a rd Me m b e r 2010-2013 WAR RIGHTS OF ANMCA, Fmance Commit t 2011 -2013 1 Roman os ... Headwater (810)813-0315 Florida State University - BS in Exercise Science 2004-2008 14 Certified CrossFit Trainer (ANSI) Certified Mobility Coach (ANSI) Certified CrossFit Kids Trainer (ANSI) Certified Powerlifting Coach (ANSI) Medical, Dr. Pedro Sancrez, DO 2010-2011 • Intern - Shadowed surgeries - Performed clinical patient assessments Tallahassee Orthopedic & Sports Physical Therapy 2008-2010 • Exercise Technician Work Experience: Health Buddy 2013-2016 ., owner/Partner - Macro • Micro Nutritional Therapies - Nutritional -. ••ramming (individualized Meal a -•. •' (Specialized Meal Prep) Supplemental • • Nutritional Products) Conscious Consumer• (one on • - product shopping) PersonalPrivate Training Sessions Specialized Workout Routine Programs CrossFit Athletics, - Worth 2012-2013 Manager/- General .• Coach - All General Operations LA Fitness 201111-20V Personal Training Manager Constructed personal training schedules Performed physical assessments t<? customers Ensured all clientele were satisfied Sold personal training packages Club Fitness W+r\?- tPalm Beach 2010-2012 - Personal Training Manager - Constructed personal training schedules - Performed physical assessments »<»v© customers - Ensured _l2 &.r«. were satisfied - Sold personal training packages Source of Project Cost PV P, CROSS FIT BOYNTON BEACH , fil TENANT INSTALLATION COSTS 615 E Boynton Beach Blvd, Boynton Beach. R. Integrity Construction & Design 4/712015 Revision 4 A PROJECT TASKS ............................... UNITS LABOR MATERIAL J$) TRAVEL ($j OTHER COST ($) TOTAL PER TASK Supervision 6.0 $1.000.00 $0.00 $0.00 $D.00 $6,000.00 Insurance 1.0 $0.00 $0.00 $0.00 $750.06 $750.00 Workman's Comp 1.0 $0.00 $0.00 $0.00 $0.00 $0.00 is'Overhead 3.0 $00.00 $0.00 $0.00 $0.00 $1,800.00Lrit(design & application) 1.0 $0.00 $O.DO $0.00 $600.00 $600.00 Subtatal $1,600.00 $0.00 $0.00 $1,350.00 $9,15000 Concrete - new floor complete 1.0 $0m $0.00 $D.DQ $10,875.00 $10,875.00 Miscellaneous 4.0 $0,DD $0.00 $D.DO $0.130 $0.00 Escape door, trim & hardware (supply & Ins 1.0 $100 $0.00 $D.00 $2.300.00 $2,300.00 Relocate fire sprinklers 1.13 $6.00 $0.00 $0.00 $4.950-00 $4,950.00 Soil density testing 1.0 $0.00 $13.00 $0.00 $500,00 $500.00 Subtotal $0.00 $0.00 MOD $18,025.00 $18,62500 Interior doors 4,0 $0,00 $0.00 MOD $460.00 Interior windows 3.0 $0.00 $0.00 $O.DD $3613.00 $1,050.00 Flooring 1.0 $0.00 $0.00 $0.00 $0.00 $0.00 Wall framing & drywall 1.0 $0.013 $0.00 $0.00 $6,800.00 $6,800.00 Ceiling -suspended (over storage & toilets) 1.0 $0.00 $0.00 $0.00 $3,000.00 $300000 Cabinets & vanities 1.0 $0.00 $0.00 $0.00 $1,500-00 $1,600.00 V, E�:, Su al $000 $0.08 $000 $12,100.00 $14,150.00 Electrical estimate 1.0 $0.00 $0.D0 $0.00 $11,575.00 $11,575.00 Plumbing estimate 1.0 $0.130 $0.D0 $0.00 $4,8130.00 $4,800,00 Electrical - auto shut aff equipment 1.0 $0.D0 $0.00 $D.DQ $400.60 Mom Painting 1.0 $6.60 $0.00 MOO $3,750.60 $3,750.06 Ceiling -spray underside of concrete 0.0 $0.00 $0.00 $13.00 $4,225.00 $0,00 Glass & mirror 1.13 $0.00 $0.00 $0.00 $550-00 $566.00 Tile (supply & install floor & wall tiles) 1.13 $D.00 $0.00 $0.00 $2,529.00 $2,529.00 ADA grab bars 1.0 $0.00 $6.00 $0.00 $300.00 $300.00 Reception counter & top (by owner) 0.0 $0.00 $13.00 $0.00 $0.00 $0.00 Subtotal $000 $0.00 $0,00 $28,129.00 $28,129.00 Margin x cost $12,000.25 Punch list allowance 0,0 $0.00 $0.00 $0.00 $1,1300.00 $1,000.00 Miscellaneous D,O $0.00 $0.00 $0.00 $0.0 $0.00 Sub $0.09 $0.00 $000 $1,000.00 $13,000.25 Subtotals $83,054.25 Risk (Contingency) 0% $0.00 _Total (Scheduled) [«0 t ardes t IFL Building Plans The dkmi re resents to We bn IV. Completion Time A Claim for an Increase in time for the POdOrm8nce Of the contract, or an incnBaw in the contrad cost shall be made within 7 days after the builder first recognbims the Condition gkdng C." to the claim. V11. Alkywance Items 7h1s contract has no additional allOwarxM UMS other than thow merydoned In ftem 11.3 above. Vill. Laft POYmembs & CancelkWons Payments not made in a timely feshlon shall incur daily interest at the highest ftei percentage rate from the day the payment is due, If the client fails to .k' fault of the builder, the builder may PaYmenft that are due to the build a r payment delay, this is not to be cc Mgwimgi payments are delayed. If there are any cancellations to this contract by the dient prior to the woti( being performed, the client shall beer the costs of all materials I merchandise purchased. Any materials / merchandise that ca n be returned shall be returned by the builder, but the dient M The builder shall obtain building permits, lioenses, building inspections and approvals required by local low. 11MIMVIENTOLIZ �11 His X. Change Ordem Any of the clienfa agents may sign the change order and that signature well be binding upon all of the client. instructions to, or otherwise negotiate f6r additional or changed work specilficadons with, the builder's employees or subcontractom. X1. Insurance and Risk Marraganent MX1K eath, and for damages to property that may arise out of and during operations under this Contivict. The landlord shall purchase his own liabift insurance Including fire and casruft insurance to the full Insurable value of the property and shall name the builder as an additional insured. -3- XU. Access to Me Property Site XW. Warrantin 0,111110 WIN MM�M "MMM11Ss EMMIMIN MITMIRMT, Should any dispute arise relative to the perl'brmance of this contract that the parties cannot rewhte, the dispute shWi be referred to a single arbitrator acceptable to the builder and the dient. If €s and the dient cannot agree upon an adbitrator, the dispLite shall be referred to the American Arbitration Associatipri for i, 1-. All aftorney fees that shall be incurred in the resohAbn of disputes shall be the responsibility of the party not prevailing in the dispute. m4- Signature: tea h LLC Signalum -Date- Attached t SUBSTAN'rIAL cominzriON UTIZITI TE TO: Health Buddy, LLC, a Florida limited liability company FROM: PRH Boynton Beach, LLC, a Delaware limited liability company DATE: As of December 22, 2014 Ladies and Gentlemen - Except as expressly modified herein, all other teffns and provisions of the Leme shall remain the same and in fall force and effect. This certificate may be executed constitute one and the same certificatc� certificate by signing any such countaput The panies havc cxecut this certificate as of the dg�y and year first above w-ritten. RI— I Benntor. tie °. LLC. a Delaware livs d flability company Name: -122—M— Title: L/'f'Vt"I,q Health Budd%, LLC- a Florida limited flabilk company Bv, WR L -1--g Name-- - - - - ----------- - r jL fi 14UU15z IY 2 4 3 2 P~ No, 1500000216 BUILDING PERMIT PRH BOYNTON BEACH LLC 315 S BlLSCAYNL BLVD It IAN I INTERIOR COMPLETION NA INTEGRITY RENOVATIONS INC 6180 LESLIE ST FL 33131-2312 JUPITER FL 33455 561 339-7326 CBC1259321 EXENPT m B X4,875 'INTERIOR COMPLETION, COMMEPCIAL Och"ft rA Few —T H.1 S rS NOT PERMIT FEE REFUNDABLE PAID 572-13 DATE- If16/15 RECEIPT#- 0121107 000007333 OTHER FEES: TYPE- DBPR BLDG CODE ADM & INS 8.58 January 16, 2015 L:24;lb PM b TYPE- DEPT COMMUN AFFAIRS SURC 8.58 ER UNIT NUMBNOT IN SYSTEM. P' H TYPE- FIRE AND LIFE SAFETY FEE 202.80 LOCATI01, SFE '2 TYPE- GREEN TYPE- PLANNING BUILDING FEE A 20NING 2-74 34 n - y 12:44:38 PH BY i'�S REVIEW 33.64 pr F Sfi, T C 0 m _ I CHRISTO.HOVERPQ AUTHORIZED SIGNATI, RJE. N '�OTICE: CALL 742-635S FOR INSPECTIONS 24 HOURS (PEFO 4 O P. kW i -3 -Vo m bAb a Pk-ffm W MWA-Mom ffAM hk mm&d voth ffA% A= An ,v —ik i -A =wW abmo� nvmf �wve l -�WK4jWftWj GO, ft Wwtft p ., IV omm Aw lamuff awn b am" fm ebwme v Jim mnowra *41 re eukbv wd zmwv volown of tin NY of Eftmor. rmd% kb m M. I fte PC gra feftmwsbk sha, cm F" . B Dc"k Pzilm -'Beetch Critinty 01erk & Comptro! 205 N'wrth Dixie 1--lighway West i-lalm, Beach, Florida iA -in Olff'ce RecordiImg DATE:Wti/22/2015 E is 0f 8 : 12 "n13 A M RECEIP'Ti4434176 YNYEORUY RENOVA'TIONS INC ITEM -01 NW,' 08;!2:13 AM FILE 20156622-5116 FGH.0 27R88/1169 RECORDING FEE 111.88 ABSTRAcT FEE U.,111di 8.61 COPIES Znu15 276 1.09 CERTIFICATION 2.90 Sub. Total 13.69 AMUILIN'T DUE. 113. 6 01 isiSFEUML VI(VID CHECK. 3. 6 B Be& 4:496 'i 13. 60 '(014'JI L ['4U' -DIN T(Ae -k-T -W, I 1 11 term V57TIM RE"C 'ABY01GULSHUR)(i DEPU1'Y CLERK www. mypa I mbeache I PU11,11 3 TrA, 4� Cf- gh,41,47fN HY41"'1-1 CLBrMi PR:Elf"' WX 1-174, 'P mr, 1W 16/1! Date. �y 5 01 pt no.' U.,111di YF-er Kh.phr Znu15 276 'U.) N FT -10q- Wf WeRK1,11 Tf-lul F-11- 31,Nffm isiSFEUML N HWY 'TF-mir detai 1 ,r '73,33 111, 1134- �1 WD $H& 3 ( T(Ae -k-T -W, I 1 11 term V57TIM Tata l p t $5R.933 wma rk-ftle' 1/16/13 T 131. 1 815 E Boyntan Bei Blvd, Boyrftn Beath. FL, 33436. '... Hay _ Tenant Instalfadon (N urall I ,,.,��,�.,�, ----------------- m am fig mr 1 MOM FREW�iFii maxommnaxn, remvx,, R.uv.vaxasrearra �„y " ` ws ,w.,rxamvw. 3 t .s:n.t f 1,�, ' 3 FEE----.� !! g - - o- ! in ! �w yna ... m4 mom- § ,ts:;t•c�rtia �rx-�:;rve��rv€ �� '..� ...:�rar .� �( OMD- .' tlPuYWN'UY4.t�H.9Y0.!�.M£.N'.761'katWu 2AMIPd.d. 'wA w�«�.��� t ..................... �.� ....... ........., �_r�� - � - M am! -NIMEM2MM EMMMMEMMMM MM �i,i -------..-_ m sm --------------------- s El mm F € $ L— E 1 s i mm RIO] Roman Fedo 36 hours per week, $12.00 pay rate Chris Makestas 36 hours per week, $12.00 pay rate Kodi Hart 36 hours per week,pay rate 2 Personal Trainer: Alexis Fiocco dependent contractor, percentage rall- Mike Garib dependent contractor, percentage rate (compensation, 65% of tmkju "rat 112re-Bownal Train"r ii itas neeVed once clientate demand increases. 1 Massaae Therapist: James Sheel dependent contractor, percentage rate . ns tion:Ot-ofsessiantaLW Wow Ma lage Thera.Dist will be bke"s needed Qnm OmWle-demand incmase& I Ybga.l—nair L&= TBA dependent contractor, percentage rate I BecelationL9219da Care S Pervision: TBA 15 hours per week, $9.75 pay rate 1,4 BOYNTO B ACjj 1,RA E AGENDA ITEM#: VIII. E. C- UBJECT: Approval of Commercial Construction Project Incentive Program to Health Buddy, LLC Cor the project located at Casa Costa, 615 E. Boynton :- SU : e SUMMARY: The Commercial Construction Project Incentive Program is designed to assist businesses with permit costs associated with the renovation and/or new construction projects valued. Approved applicants are eligible for reimbursement of permit fees in the amount of 2.3% of the project's permit valuation if their project is under $250,000 and 3.3% for projects $250,000 and over with a grant maximum of $66,000. Health Buddy, LLC is a tenant of the property located at Casa Costa, 615 E. Boynton Beach Blvd. On April 3, 2015, the City of Boynton Beach issued a building permit for the interior build -out project (see attached). Health Buddy, LLC has a project value of $24,875. Under this program, the applicant is eligible to receive 2.3% of the job value which equals $572.13. Grant funding is not disbursed until the project is completed and the Certificate of Occupancy has been issued. I ii!;,111 � 111 111 1111 Michael Simon CTM V4 P. s: Vol f r -M Mo April 1, 2016 — September 31, 2015 Boynton Beach Community Redevelopment Agency Commercial Construction Project Incentive Program Application and Guidelines SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING 111111111;75511.11 i�111'11,11 . ..... 11 J '11 ............. Commercial Construction Project Incentive Program applicants may also be eligible for other CRA Economic Development Programs; i.e., Commercial Fapde, Commercial Interior Build -Out and/or Rent Reimbursement. 1. Incentive FqpJ ,Lqa, Grant funding for projects valued between $1 and $249,999 vAll be reimbursed 2.3% of the proiect.'s construction value 01 Grant funding for projects valued between $250,000 and $4,000,000 will be reimbursed 3.3 of the project's construction value not to exceed $66,000 1 M Page I of 6 710 North Federal Highway, Boynten Beach, FL 33435 Phone 561-737-3258 Fax 561-737-3258 1vWw_0-10kant qn.wrn IV. ProqeduM_jqr t% .221!LAtlon and Approval Ap�jpIll avt)ort Process Approval of Funding Request V. Procedures for Reimbursement Reimbursement Documentation Once the project is completed and a Certificate of Occupancy or Completion is obtained, the Applicant shall submit a wriften request for reimbursement to r along Wth the following documentation: r 4-L -- I PTMM—T�M--j I AIIIIIIIIIIIII 2. Property Owner Name: AI.Wdg Z14 L4&�W v AIM11110141911 121911IRNMEWTI Business Name (D/B/A if applicable), HeAl--% Page 4 of 6 710 North Federal Highway, Boyrtton Beach. FIL 33435 Phom 561 -737-3255 Fax 561 -737-3258 m n. c -a- igb Won to n. corn - Ye No in I I y Exisfing auslness� k_!%t Number of years 1 N, Jtl` Length of Time at Current Location, f Do you have,an executed lease agreement for the building?, YesK if you are applying as the owner of the property, do you have a tenant?- Yes--.— No Je Narne of tenant/business on lease agreement" Type of business, Vk (W 5 5 5 A-0 C, Are you applying for grant assistance under any other program offered by this CRA' Yes— No--2�- If yes, what additional programs are you applying Are you receiving grant assistance from any other governmental agencies: Yes NQ -0 If yes, list any additional grant sources and amounts: -- ------ - - — ---- — ------- .... . -- - ------ -------------- - --- Q Q ERTIFICATION AND WAIVERDF PRIVACY, 1, the undersigned, applicard(s) certify that all information presented in this applicaton, and all rJ the information furnished in support of the application, is given for the purpose of obtaining funding an'-1-ir the Boynton Beach Community Redevelopment Agency Commercial Construction Project Incentive Program, and it is true and complete to the best of the applicant(s) knowledge and belief. I understand t."t this application is not a guarantee of funding. Should my application be approved, I understand that the CRA may, at its sole discretion, discontinue payment at any time if, in its sole and abaolute determination, it ftells 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 th,�;, program. I understand that it this application and the information furnished in support of the application are found to be incomplete, it will not be processed. ff there is more than one applicant andlor property owner, please pfint this page and use for additional signatures. Page 5 of 6 710 NOM Federal Highway, Boynton Beach, rL 33435 Phone 561-737-3256 Fax 561-737,3258 .wwwcatchb9laton.com Pflnted Name TRIe STATE OF EL 0"04k- COUNTYOF_ BEFORE ME, an officer dul administer oaths and take acknowledge rson appeared :R.aft to me or produced �j =1 U�kA I -is- -ld-enffic-ation, and acknowledged foregoing �qyeement for tHe use and purposes mentioned in it and that the Instrument is his/her act and dead. IN VWVI 8 OF THE GOIWG, I have set mv.4Mnd and offi I seal In the te and County aforesaid an this day of 20 Ir NOTARY PUBLIC W =01 #FFMO My Commission Exp K*IKL- =11, 2M$ IF YOU ARE APP�nNQ!�AS A TENANT, THE PROPERTY OWNER MUST SIGN THE APPLICATION Em STATE OF 46 &1 A VL - COUNTY OF ki "M 0 i 'H WAUthorized by law to administer oaths and take acknowledgements. personally personally known to me or produced as identification, and acknowledged helshe executed the foregoing /LQreement for the use and purposes mentioned in li and that the instrument Is his/her act and deed. IN � =104ESS OF THE FQREGING, I have set y hand and official seal In thState and Cunty aforesaid n t Whis 20j day Of #-U-.,T e oo e NOTARY PUBLIC My Commission Expires: Page 6 of 6 710 North Fedenal Hichway. I=n J;jg, Detail by Entity Name mm Wt �1411 - 1- Contact Us C-fifing servims 00cumentseambes: Forms "alp Florida Limited Liability Company HEALTH BUDDY LLC Filina Information Document Number 1-1300012205• FEI/EIN Number 46-3532705 Date Filed 08/28/2013 Effective Date 08/28/2013 State FL Status ACTIVE Principal Address 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 Mailing Address 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 ROBERT J. GARDENER IRIC. 420 US HIGHWAY 20 NORTH PALM BEACH, FL 33408 ym• J U7- =-. , [3 I -L' . =11F -2r. P lfffr-1 AWNT11 a ; -1 , .0. " A 9 1 WELLINGTON, FL 33414 Copyright 0 and State of Florida, Department of State I of 3 4/28/2015 3:21 PM Deud by- Flrnilv Nanne Report Year Filed Date 2014 04107/2014 h"://seamh-sunbiz.org/InquiTy/CorpomtionSearch/SeuchResultDetai... 04/07/2014 — ANNUAL REPORT View: q! in PDF fbrmat 08128/2013 .-- Florida Limited Liability View image in PDF format 4/28/2015 3:21 PM DOCU M ENT# Ll 3000122091 Entity Name: HEALTH BUDDY LLC Current Principal Place of Business: 1035 GATEWAY 201-249 BOYNTON BEACH, FL 33426 Current Fhalling Address, 1035 GATEWAY E01-249 BOYNTON BEACH, FL 33426 FEI Number: 46-3532705 ROBERT J. GARDENER INC. 420 US HIGHWAY 20 NORTH PALM BEACH, FL 33408 UZ FILED Apr 07, 2014 The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both, in the State of Florida. SIGNATURE: Electronic Signature of Registered Agent Date Authorized Person(s) Detail Title MGRM Name FEDO, ROMAN S Address 12666 HEADWATER CIRCL-1 City -State -Zip: WELLINGTON FL 33414 Title MGR Name DABABNEH, IBRAHIM R Address 10584 LONGLEAF LANE City -State -Zip: WELLINGTON FL 334V that my narne appears above, or on an atladynenf wiM all Ow like empowered. SIGNATURE: IBRAHIM R. DABABNEH MGNT PARTNER 04107/2014 Electronic Signature of Signing Authorized Person(s) Detail Date L CONIP.,XTION CERTIFICATE TO: HealthBudd 1- k" 1. L"', a Florida limited 14ability cornparay FROM: PRH Boynton Beach, LLC, a Delaware limited liability company DATE, As of December 22, 2014 Ladies and Gentlemen: Except as expressly modified herein, all other terms and provisions of the Jme SWI remain the same and in full for and effect, The parfies have executed this certificate ar, of the day and d ear fi r above written PRI -IN Boy nion Beach, LLC. a Delaware limited liabifiltv company B% . ............. . ....... 'M .......... LESSEE - Health Eltidd,, 'L t; Florida fine fted hN' A , itt, company By — — ---------- r PIN 1900182 BUILDING PER 1T" C PAID 572.13 DATE - TE IOR CONPLETION, COMMERCIAL IT FEE IS NOT REFUNDABLE 1116/15 RECEIPT#- 0121.107 8-.58 January 16, 2015 1:24ilb PK r .58 UNIT HUNBER NOT 14 SYSTEN. PK 1 . : IIt , O` � a i, BY 0 AUTHORIZED SI6RAT E � _ P NOTICE: CALL 742-6355 FOR INSPECTIONS 2 5 E, REFOR 4:00 P.N.) 1111 jllllj� i n I�P+,, !,Cu 9JR, WT PAY11BFF 61-0 5 5 Sharon R. Bock Pal,m, Beauh Cwunit,y Clerk & [rj�,,�Pt[-al 22,0�4ur,%I;h i)iydiie Highway West Paim Ber.%&j Florida Main Off.ice Rec,.,rding 561-355-2992 DATE:01/22/2015 TILIHE;08:12:13 AM R T P'T c 44,54 1 'IS IECE !NTEURITY RENOVATICIVS INC; ITEM —911 N[K� 9216.12-13 AM FUT- FILE: 20156022516 BKIPG:g 27288/1169 RECORD IN G FEE k,- mmlpt nc4 16. B6 USTUACT FEE Anount &60 P1' 31 qw III FUBAI- HkY 1.00 CERTIFICATION 2.00 Total 113,160 03: AMOUNT 1AA-. 13. SO IVY) N HwV PA I D CHECIV,' $413.60 Check Hi 0b $13. GO TUTA;L, 11,11fffl), Lv�dl payrmit $ 7-3p, -1 03 REC PYflqGULBH0DA DU-)UTY CLERK ww1w. filly pa I robe by C-ierix— C: Dm/ CITY 97 BUY111TOW MX:P, FUT- D-1-r: BYER,311 B." 1, 1 k,- mmlpt nc4 1211,117 lye'ar, TAId-Er Anount Z76 qw III FUBAI- HkY LD 03: IVY) N HwV u, mi -b-1 ,50t-1111 lu-2111LIW-9d, 93 Lv�dl payrmit $ 7-3p, -1 03 Trans dmei e.' 1/1,6V15, Tim.' 13:192D I l ' 3 SUBJECT: Approval of Commercial Interior Build -Out Assistance Program Grant to Gulfstream Auction Gallery, LLC for the Property Located at 640 E. Ocean Avenue, Unit #14. 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 improvements including display walls for auctioning art and sectioned area for taking photos of gallery objects for auction. Replacement of toilet & sink in second bathroom and installation of handicap bars. Replacement of 10 balusters in existing lighting. The applicant meets the eligibility requirements under program guidelines and is considered a Tier 2 business (as outlined in the grant application). The project value is $10,330. If approved, the applicant is entitled to a maximum of $5,165 in matching, reimbursable funds. The Interior Build -Out Grant is reimbursable once the proper reimbursement documentation is submitted to CRA staff. URA PLAN., PROGRAM OR PROJECT: EconomicDevelopment mECOMMENDATIONS: Approve the Commercial Interior Build -Out Assistance Program Grant to Gulfstream Auction Gallery, LLC for the Property Located1 E. Ocean Avenue, Unit #14, n $5,165. Michael Simo Assistant Director r s,, 'sC. I'llI sic 4;i 111 41111 1 1 ♦ � � 1�_ E.: R li i �► ti :-t I1, ♦,'t w 14 ! �. #1i � ! i# ! # :,F`: I. Property must be located wfthin the CRA District (am attached v 2. Must Provide Proof diet the business Is property lloonseci by all necessary lawls of govemm@M and probational t r l R or &g(Copies r the 11censes have been business Is defined as y. company in O* _ C I ♦ ► then sixmonths or rek=Ung f•. Boynton 4. An e3dating business Is deflrwd as being In openstion within the CRA dbbW for a minimum of three years at the time of application. _ih On business must +.nd ta occupy ■ then = r_ ,.j' of t' current square footage 81150. Veriketion of this threshold mud be pmvided In the apOkation packap. Excapdonsto this rUI9may♦+ r thediscredonof M Board #M S'? naryt is loft theIr currentspace ♦:dueiiirecleveloprnerdof the elte. G. Y APPH=We Experlan consumer reportreflect to the sole cliscreft of the CRA, as an OligiblIfty requitement fbr funding. A copy of the cOnSUMOF report vAll be PnWed to the Applicant upon rt 7. Applicant must elther own the 4 to Operate within or proposed o The followIng businesses are wnsidered Ineligible for assistance urder the Commerdsl Interior FW@wm awn dOumchesA Non Pmft 0 a Kan Tea Bere b Any use determkod by the CRA dW or do ORA Bowd OW would not advanos the mdevelopmelt of ft CRA U111, 771, r ,-� i .:� # _ �, �. +• �� is �: . i �: i � - _ i•; it r li �t i �i • Restaurants with total seating capacity under 50 • Gourmet•at Market • Bakery • Bed and Breakfast • Cbftng Boutique - clothing, shoes & accessories • Home D6wrA)eWgn - home furnishing% art galleries. kitchen wares • Specialty Businesses - stationary, gft. sporting goods, pemonal cam PRMGLhMa sludlos. fitnesscenters andsalons # rr *.._, F' * Real Estate OI t: Insuranoe r: Accoundng Offices MadwUng 0M F' MMM-77 7- 1 "77M.7 year minimum) The 00mmmolal Ism must deflne the landlord -tenant relaDonship and at minimum provide a i fblbvAng ♦ ,- k r By submitting fbr reirnbunwrtertt, the applkxnt vMrrants that all bills related tD the project are paid In full li Including, but notlimited 17# F1 11 fit! ..subconhuft, labor, materials. relatedfees and permIft. # - CommercialNY Of Boynion Beach, Palm Beach County or the State of Florida The Assistance priogram willR nly hOfwr new WOOrlditunIs that have not been submitted under other grant programs. The Cornmerdal Interior BuIld-W Assistanca pmgram may only be used one Urrie In any five year period K - one qxwMcconunercialor business Grantees shall allow the CRA ft rights and use or photos and project application materials. Diecontinustion of Payment The recelpt of past payments Is no guarantee Of future Payments. The CRA retains the i to discontinue Interior bufid-oul: reimbursement payments at any time according to its sole and absolute The Boynton Beach CRA Is a public agency and IS governed by ft TIM& Public Records Law" under Florida Sitate Statutee, Chapter I IS. Any documents provided by the Applimnt(s) may be subject to production by the CRA upon MWIpt of a public records requeK rubjW to arry mmmptlong provided !Florida ! .m,nYs Ruke/Requirements and Application. BOYN' MBE.--- ? April 1, 2014 - September 30, 2015 Boynton Beach Community Ptedevelopment Agency Commercial Interior Build -Out Assistance Program Application 0 IT - 04= = It F-Asting Business: YesL_ No V Number of years In New Business to Boynton Beach- Yes No— Do you have an executed lease agreement Yes -"0"' No It so, monthly rent /6 ot) Square footage of existing location Square footage of new location Type of Number of Employees: -4- Hours of Operation: CC4%jt, fir=f1V 1. PrindpaWwner Date of Binh, 2. PtindpaMwner Nam. U Daft of Birth: Ovrmnt Address - Eli & PrInolpaLADmer Nwro.- DMe of Birth - Current Addren.-- --..-Phone 4. Prindpal/Owner Nenw:____, Date of Birth. Cunrent Addrm.__. Email. one V,re you recalving grant aselstanoe *w any other po%mmmentst amdes: yes No If yes, list any additional grard sources and amounle: A 1= 77 7"",Tf77M-rW- f 1 r ♦,, it _ ! M 1' is"'1 • f .;rJ I I • TA ori' ADO fA•: i1 itL - ij 1 ♦ • wr f =71 =00, ♦ -" 11, ft IM11I f 4 F_ 4ih• 9 IM1f OR 01f • I give permission to the CRA or its agents to take photos of myself and business to be used to promote th-. Program. I understand that if this application and the information fumished in support of the application are fbund to be mcomplete, R will notbe processed. Program's Rules(Requirements and Application. Printed Name Tile PrindpallOwners Signature Date Principal/Owner's IM Printed Name Title P7ron-i?,p–a—VOwnew's Signature—, Date Printed Name Title 0 pagoril Ti561-737�WW Fax 561-737-3258 a?�����uS���������� wax, STATE OF A COUNTY OF 1,41'1AcJ 1, 1 Wri + tw I= =+..�t; "T.14,57 t 777. IT '17- 771,7 7 1 Mi 1 77 17 7, ME + Ilk Landlord's ftnature Printed Name EM Landlord's Signature Date Printed Name fft-le— STATE OF COUNTY OF BEFORE ME, an officer duly auth by law to a0pinister oaths and take acknowledgements, personally appeared who are perso�ially known to me or Produced JP7L as identification, and acknowledged helshe executed the foregoing Agreement for the use and purposes mentioned 1 it and that the instrument is his/her act and deed. IN WITNESS OF THE F�QMREGNG, I have set my hand and official seal in the State and County �1bresaid on this y of (Y�\Cxv-\CN . 20_��. Pop 11 of 11 710 NoM Federal fighway, SqyNon Beset% FL 33435 Raw 661 -737 -MSB Fax 561-737-3258 Eleamnlic Articles of Incorporation For M-PSMAM AUCTION L illiff X 2 6 CA 7ar%20 2015 cmustain The nam of the corpmfion is: L principalAitide II AVENUE640 EOCEAN . 33435 The maihng address of the emporation is - 640 & OCEAN AVE%TUE 14 BOYNTON BEACH, . 33435 Ailicle III The Purpose for which flib corpozatiof, is orgavized is: Article IV The number of shmvs the corpmuton is authmized : 100 FloridaArticle V Thename and is: 1 640 E, OCRAN AVE 14 . 33435 I cmtify tbzt I am familiar with and accept the rmpceLsibdifies of it " 1 m Article VU The initial officer(s) and/or dirwtor(s) of the corporation is/am Certificate of Status «, ::«w my hand and the &eat Seal of the Stab of Florida b, he Vxt Xen Met r fianmem-ap. "AptAft Certified Copy VRAc len 6ttiiii & i i �� t}t(''��������{��ti��,,, s� t t i���f ���,}US `z 4 � t I���tEi }111Y � s . \\ i 3���r ii�i�;��{{��t�'rx;'� 7 �� 7 iq� „ 1� ti s i� �: 17 s � Sy � i �.; Ji,������„ „ y," , r} "'i �i ��„ on«, i � <<,, Y l',' r �; :. �� t; � � �' �, ,;, "i i � i ? �i„ ., t t�t,,,<< 31r �{ G;is,�! 19 ��. �� e ��. �ii� t � �.lC�t. �.. I NZ 4619 ", 4AV, : pn� , In y, N VA"I 't"WO&AS, row. it a 1% my OMMMAM pa w a to n"I'l, it List 1, gat (11,z oil A., I kkv-%, .4 At It oils row. it a 1% my OMMMAM pa w a to n"I'l, Unk Price Quantity Its Total GE 120 to 277 -Volt Electronic Ballast fbr HI -Output 8 -ft, 2 -Lamp T1 2 FI uoreacent Fixture 77- ""J"I"11111 Model # 66813 EM t Philips 6 fL T12 85 -Watt Daylight (0600K) High Output Alto Linear Fluorewent Light Bulb (16 -Pack) Model N 366534 e boo, U 0 a picli. UP in I tore, To4ay 19 In 34)c k Today at: Change Pick Up Store M Ship to Home Esfirn31-zfrivni: MAR 30 - APR 1 3 $176.77 M (77 ACOR,D CERTIFICATE OF LIABILITY INSURANCE TION API Groin NLSAN AJE P - , W "ERR " PEEPLES NA203142 LU Mo Ft 330 INSURERS AFFOMINGa AI INSUR96 =ANON CAR ° me I ot F�,..� I 131 MA VEMCF.WZ a- VMS'MRN GURETY 00 JUPffM FL 33455 ThT POLMSOr WOURAME LISTED HAVE ISSMO TTT TmE .I " RLD THE INDrAjEn r4or" ANY RE01MMENT,TERMT�' CONTRACT OTHER J'"L . H R xCT T KAT fie: CERT9 €t T' E 'D OR Y PERTAW. THEI R ,..AFFCMDED Y THE POVIC8 9 WMNISM HMRFJN fS SU&JECT TO ALL T.W. "T LSA O' AND f.Q"gjTtuySWUCH 1 T§. AaGREGATE L W,,'rg"' BROWN MAY KAVEBEEN RSDUCED BY PTSD ICY NUMB= y aLL€CE, u.. _.a L D EXP g1 Ry so Due LAOM�UWn. POLICY AUMMMLF-LIALWAV ALL Oman AUTOS.. . � �. awLammAUT08 KRED AUTOS QLRMErT ANY AUTO � EXCEW- MUS L IABLYN OCCUR DED10r,TDLE ANYT� g -. 'X PAY OFF€ •R LU ,E - .LDW m t. MER 2A00 1 WTERIOR `E T KY CERTRCATE HOLDER CANCFUATION SARMRAREW DAM TNER=WO WOMTSR LL' To KOL. _.:. rAW WNTTER NOTWE 'rK . LET TAK LMM0TWA0AM'rO E080WALL TOR UABLMY OF AM, UPM rft WWMR, MS AGRNTS OR ALFTN `� ,.�....�.. .. ,..�'v' R "doss PAL 00 , C H 41RTO poi o � ETNOS �ow r k � y { t 9 F c a Yq t I 'pipn" n iv".. ,...,... .a .......w.^: ..... ,. .b® .,,,.,.....�--. ., t E t (, - .,.._....nom,. ... ...-.n.�;n� �»„•... ! � i Ce ` s e r vNI F... s . { E a i i r r , k t " I � ! S � e 6 E p43 j or f 3 t N € e � $ n Q d .»» 77 _. J .....................` P n f _ P ... ...............�.�....� �...,.... ___..,...,�. .m,,...}ww®..._ ....�. asp E .h •� ^ate,. „....... .M_ » wwrv, w E^ ^E e ... [ E r ¢ n ...,..:.,,. e:., t ..,.... €............._.. ,,..� s ^tet.. ......,. ,._ I r E F "'mw........ ...�,r € ....,n.» c.....»,.... .,o- ..... h....,,..�...,ho....,,mmm.� } ° k^^__4_4 r I __,.n, � ,nm,. _ � CI j _e 9 ( n m g I f I i S t g E t E I d t S= • = Walls - build the walls 7 .I �jqwvrkwriz total 44 lineal feet all molding all around and painted Put up new walls 8 feet tell fbr an enclosed now office not touching the (open on top) Putinenew door and a vAndow, tile, two bars for handicap bathroom, the molding base and all material and installation $4,100 MIO I tIN(;3ijFj iR 3 pan cub who, x. RM IrA NOW 110000- Axt 4e O 44 LIN lit 0' Avto kk COWO vo - -n *veo;v AAALILO—�y� own 0. 1 W' WA A A AS r - i 4 1101 psopomm hrgeby to turk"Sh metwig-1 awd 1,-4wr -CD'W4' 'fGf4':q1U' wIra 19W OK 1,1 Wn RAI,, mmob to be ma* Aar arniwm fx d0bk'O 1e=)&WOSW%k-'Wft Wd*4 fionf"g4t VOR be or, aw and Ab%4 **,DOgft Aa awwredt wLqKp- opm As LIMP 5%, mWANK6 Aft -Ay t" a -k '� , i"', 'urr- eco P, De ft�uwft WR is (Mle as Lujuined above, ME= LAREWAY .. . y»\^m om FEW" FOR VALUE M, It t 1. The LandbM, by these prewnts does hereby lease and rent unto the sold Tenant, and said Tenant homby agrees ta lease and take upon the terms and condMons which heminaftr appear, the fbllovdng described pmperty: Each of the parties hereto agreesthat,t Date of thisr from ENO f thapartbs heretoagrms tivik un the Commencement Datg of this Lem,or time to Urne thereafter, upon the rumnable requ6st of ths cow ., it .7 ejcmft and delWer ` \r ! § ' , y ' » \ commencement Ond the date of rawn of the twm of this t Twent rwatm ratke that ft Loosed. Premises are ready fbr owmoncy as herein deftwW and falls `tD take pmsesgan and to open the Lodad Premim fbr busin�fbI+ + .a.n| have,OAH in , && right at It's optbn to fall to commance to do bu*mm as hemin pn7vkIed. EMU (7) maintenance, it and aMulsitionl r purchaw price or In lieu of purchase price, the l I devises,, machinery and equipment used in the operation and maintenance ofthe all personal property taxes andtl with such seemrity repairing(10 com of insurance their(111) costs of a capital nature to the extent they impro'w the Common Amos to beyond crigirwl OW-Wition or UtIl" as OW may be made tom time to time by Landlord; Qv) cosW lntunvd by Landlord in the Cw6"Otion of the Shopping Tenant li pay to Landlord, In additioni i req and alli 4 'Income and eAete t3xMG, now GtherWise payable hereunder, a"Y exclW, transaction, sales, r h i any r other mentW agency upon Landlord and attributable topayable by Tenant hemunder. Or asp t r other charges or prorations TIENAMMMMKINKM wsite plan attw:hed hereto as t lidings, automobile Parking areas, and other cOMMon areas as shown on said site LarAord and In no Way deftne, limit, COnstMe or descrtbe the Scope r extent affect this LAW". r In any way Unant shah deliver to the f l contain a 11 hip shallnouce r ' l darf such e 1% tImPrOvements shall nOt be removed � the its pt in writing f ALTERATWHS a. Landlord l ll be under iso ob1gation tO InsPect said Premises.Tenant shall to wfiting to Landlordnye deftMve condition known to him which Landlord is requiredire and failure ll make Tenantl any liability ircurred by Landlord by reason NoWthstandIng any provision in this Lease to the cDntraryp Landlord shall not be responsible r flable to Tenant fbr any Injury or damage from acts or amisidons of persons Occupying property adjoining the Leased Premises ar.any Part of the buildingthe Leased 6 Premises is a part, or fbr any Injury or damage resulting to the Tenant, or ft property, from bumUng, sWppage, or leaking of water, gas, sewer, or steam pipes or ftm any structural deftect In the r walls or the like. E*cept as caused by whole or in part by the actions or Inactions of Landlord. MM &?^ ®6 f- Aq-$VCJ'1 04.1 A 40 NO A C- im) Premim ShIll be USOd fbr----A-'-- and no other without the ^r wrften cOr"nt Of Landkwd. Prernism "I not be Used for any Iflegal purpwa, nor In any manner to create any rwisence or trespaw, nior In any manner to vitiate the Insurance or Increase the rate of IIPremism, and subj4KI to right or, other Tenanes issues. or d1swntinue such activities. In the event the Landkwd's wrnen conwnt Is given to an assignment or subloWng, the Tenant "I neverthelew remain liable to perrarm tit covenants and co Mbn and to . or Sub-tmant. guarantee such peftrmance by his amig,nw nd s thereto Quirr INXWNENT TENANT NEOLWY 13. Tenant shall be solely responsible fbr and PrOmptly pay all charges fbr heat, water, 9 electridty and/or any other utility used ornsumed in the Leased Premisw. Should cO 'Landkwd elect to supply the water, PS, hat, elecWdty and/or any ather utI14 Und or consumed In the! Preftsm, Tenant agrws to purchase and pay fbr the some as addibonal rent ate applkable rates flied by the Landlord wM the"'proper regulatory authortLy. a INSURANCE DEFAULT BY TEMANT M SUBORDZNATWH cafe or cartincates fbr and an behialf of Tenant CONDEMMATION the rent shall be OPPortioneddate, ZNDEMNXFTCATWH OF LANDLORD other'Landlord Shall have the right to dow any part of the parldng aMa or the ernpi0yee parking space or CDmmon Areas arml faciltuesto in It's sale d1soetion deems necawmy r the benefit of the Shopping fadinot within the Leased Promises fties whicht under may be perrnitivd to use and occupy am to be used and occupied any such a revocableii If of it not be subjeLt to any liability rmr shall Tenant be entMed to any compensation or dimintion abatement of renk nor shall such Mvomtlon or diminution constructive or actLoi i If Ws LwW xI be terminatedi In this The Landlord ff*y Immedlvtely� or any tiMe thereafter, re-enter and resume Posmalon of the Demlwd Premlos and remove all persons and MUMMY thef6ftmr by summary r by a suitable actiOn Or proceWingt law or In equity, or by R)rce or otherwise, withoutliable mLandlordII surrenderbe deemed an a=ptance of a of thiss eventEXPENSES OF ENFORCEMENT 23. In the any payment due Landlord under this Lease shallnpaid on the due paymentdate, said r Interest atPerclant per annum from the due date until paid unless otherwireI iherein, but the Interest r any It Tenant r i payment LOSAL MOWNSES FORCM MMIEURE HOLDING OVER notice to that effect - RUBBISH ANNOVAL GENEML CONDMONs 29. This Lem shall be subjm,to the fbilowing general amd1tions: (m) Tenant agreaq, at lt's own axPensO, tO PrOMPUYall mqui n of public the Leaked PreMIM. ry by reason of Tenarffs ocwpancy of (0) In everY Instance 119 required, said apprmml shallg withheld.ot beunreasonably . Tenant agrevs that It shall not disdasethis Lease to persons who are t unless� C court order or M -cognizes and agrees that the SubJectthis Paragraph is unique and that the failure f Tenant to perfbnn or MIMI Its obligations hereunder will result in 'Irreimrable harm to the Landlord,Accordingly, Tenant agrees and consents that specift pefformance f the tGrrM of thisr atim equitablef may be obtained thrOugh the Courts f the State of Florida. However,u li ll not preclude any action r damages arlsing from ik violation of the provisions of this paragraph, (q) In every Instance where " approval is the wnsent rapp l l u LIMILM OF LANDLORD 23. Tenant shallla soler to Landlord's interest in the Prernism Centour hick th6 Premlow are a part fbr the satisftdionf any Judgment or decree paymentrequiring the of money by Landlord,default under this no enforcement pmcedure other property of assets of t r r n such r ur 34. Notwithstanding any f the foregoing, all disputes that arise In connection Agreement shall be settled by arbitration In the f Florida pursuant to th,e rules of tike Y CAMONSAND SEMOR 35. The captions, seMons, numbers artide numbers, and Index appearing In this Lease are inserted as a matter of convenience and In no way define, limit, corLstme, or descibe the scoM or Intent of such sedlons or articles of this Lease nor In any way aftct this Lease. ADDMONAL PROVM31CM 1C SM m described,10 . index that Is Must recent to the date In In the went Lewres elects to exerdse the opUon herein Lessee shall so natffy Lewr In writing no ! expirMoni Loan. In "a event shall the rertal In l In terms of the Leme, MCI s �a absolutely and uncandidonally guarantees the PedbrMance by Tenant of Its obligation under the above wiitten Law., KE insfollows: PT I X I Consent Agenda I I Old Business I I New Business I I Legal I I Other I SUBJECT: Approval of Commercial Rent Reimbursement Grant to Gulfstream Auction Gallery, LLC for the Property Located at 640 E. Ocean Avenue, Unit # 14. 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. Gulfstream Auction Gallery, LLC entered into a 3 year lease on March 13, 2015 as an antique and art auction gallery located at 640 East Ocean Avenue, Ste. #21, Boynton Beach, FL 33435. Base rent is $1,500 per month. Gulfstream Auction Gallery, LLC falls under the terms of a Tier 2 business (as outlined in the grant application). If approved, the applicant is entitled to half of its monthly rent not to exceed $750 per month for a 12 month period. The maximum total reimbursement for this business is $9,000. The applicant meets the eligibility requirements under program guidelines and will be reimbursed on a quarterly basis with proof of rent payments. W.11.111011:1101 01 71, i N ! F!F1' E I III III I III 111 11111 1111 111 111 & # 5 &Moil Michael Simon Assistant Director SubletUng of On property by grant recipient Is prohibited. Violation Wil constitute repayment of CRA grant fUnding. Reimbursement4 FWWM ri. Ei ftWI Stom F +h , 5> [„ 1 { b-„ i4 i- ftY: _ IIsi Food' Liquor Kan Too •i Pawn a Ab"andforOM 4 1 1:. the CRA d,t, FI. Oy,„ fi, e, Only nil seirvIce restaurants with a minimum totid mating capacity of 50 s9aIs are sligibi The restaurant must have hoursconducive 1 Ithe redevelopmentof the f1 ! Operatinghours• . r Ilei 00 p.m. 10,00 p.m. Tfor Two Businesses ♦ - f ♦ 's a [f _ ! ' • Y _ � = r : - . "A f • l i f . �r - 1 . 1 fi - ! F i 1i f = • ; - �' 511777 f'� 1 1' 1 - - Rafturenft wWj totalr capacity n y 1 f o Gourmet Food f Bakery i • and w ..a Clothing Boutique - clothing, shoes & accessories • Home Rf f homefurnishings,ad galleries.kfthen wares • i.. RY .1 p f , if 1: Sporting ''' _ `��'`. M ! # f# pommel care f iU-_ yof ri. StKII08. fteasconters. andsalons • Medical • f Real EstateOffices Insurance Accounting M ►-_ Marketing 1=.: Applicant Must be a tonwd and have a proposed or executed rnu&yaar lease (twm year minimum). The commercial le must demo the landlord-tonant relationship and at provide 1. 1 following information: A description of the space being rented Including square fbotage and a drawIng of the space. r- Description of utUldes ffmzt are the tenanes responsibility. Rental rate and deposits s1 i; I = s,.; 1 leme,and .e4 1 111 } !. r. futuret Responsible party for Interior and exterfor repairs and/or ! f I.h Insurance Ability if - i_ Consequences of deftuft on dm leas& Rent reimbursements will + be paid 1 constructionher, mded,Chy and County licenses are obtained -n1 1 business Inopen 1 operation. A 771 4 SL,. 44, 7 A I U-77117-.>.! its f ,.iF' :X f '`.•�`� f :i, f ':: !4 .� -,.,,, �i 1+;.t # The Mcelpt of past pWmnb Is no guarantise of Mum paymwits. The CRA retains the right to dWwnflnue rent reimbursement payments at any fte according lo its sole and absokde dhcmtlon. :M 7 7ny exemptions provided by ftrlda Low. O 674'77 -Mn , -117 10'. ",,'1 h: 141 Rl April 1, 2015 —September 30, 2015 Bwton Beach Community Redevelopment Agency Commercial Rent Reimbursement Program Application ■ li" IT, Number of Emp"es: Houmcf0peMbn- 5 "A Fsw7 of 11 710 N. Fadmal EU&UmW B"n§cnB@a*FL33435 Ph= 561-737-3256 Fkx 561-737-32,18 MWIWAINUMMW&M 1, PAncipaYOmw Name: Dab of Birth: Cuffent Address.— . Date of Sift b m lRdndpaVOwner Name.--, Date of Birth: Emalk— . PdnclpaVowner 00b of OM: - no ► ,.. �. « r. . � : .�� i1i c'-177 It if= -777 1 rt Are o receiving grant i. o from any { _ t 1• t" A d1.^: No If yes. i. r additional i w sources aid mounts: 1. the undersigned. sppM I i t_ ! thatallIrdlormationpresentedIn thisapploallon, arvi all of I InforrnalloinC♦In supportR 1 f o:I I o, ghmn for the purpose fi s ng grart urKW R ! rIFi7# 1111 r ►, 7775 9.7 AA =-s *- • Ms 577V.77, 0 1:M M 9 emvmml Iw IN ► '! ! 1 _;� :I: ti w 1 -, 1 �► ► a • 1 • � w 1 a iN `^► ! k 1 a. :. M► - • it R K A Fr. ► _ 1I � r • l � "ei i • N r. h- ! ! T - r fi::► � a ,.4 a rte f I ri F, ►I� ► 4w f 1 • ► a - i ► ►' ► a i ► 1.� ►� I ghm permission to the GRA or Its agents to take photos of myself and business to be used A—V promote : program. understand r r► Msr► and the information_a In supportof the application found to be Incomplete, it vAll not be processed. �► 0 r. ILI Program's RuIeWiRequirernwrts and Application. Printed Name roe PrincipaMwnees Signature Printed`i fle Signature Printed Name Title Principal/Owners Signature Date Pdnted Name Page 710 N. Falaal Highway B3 AW i":.'::S FL 33435 IM I Notary as to Principal/Owner's Signatures. Multiple notary pages may be used if signing individually. STATE OF ff Ib ILt d a - COUNTY OF VA C- I w to administer oaths and take who is/are personally known to me or produced identification, and acknowledged he/she executed the foregoing Agreement for the use a purposes mentioned in it and that the instrument is his/her act and deed. I AL L" ff MiN ffol i [#M,# i I I YA,- I It,11 I Z4Z-f�jI#M#,I*RIjj Page 10 of 11 710 N. Fedcral HigIrmy Boynton Beack FL 33435 Phone 561-737-3256 Fax 561-737-3258 ogRules/Requirements and Application. Landlord's Signature "-� 6e v+ Ne -66 Date Printed Name Landlord's ure Date STATE OF F +. COUNTY OF - D BEFORE ME, an officer duty authorize to administer oaths and take 2cknovvfedgemenh� personally appeared. who is/are personally known to me or produced as identification, and acknowledged helshe executed the foregoing Agreement ibr the use and purposes t 1 # # in it and that the instrument is hisiberand deed. IN WITNESS OF THE FOREGOING, I have set my hand !' official seal in 1 State and County# on this day of i Page 11 of 11 1 N. Fedendgb;m Bloynton133435 Camille Street Boynton , Fl 334.37 561-843-6469 1=1480I.Com purchasingMEMM As well as expand my expertise in a vast amount of Items In order to help make better Iffibrmed decisions on 2000- 2001 Replacesnenft Greensitem, . Pierce and cut open designs in ornamentation, using -hand drill and scroll saw. Wire parts, such as legs, spouts, and handles to body to prepare article for Nake Sterlina Silver &U -In PRIggs, SaNj Ladies, butter k-AvW jsI64 Sligi 2003 - 20040 511vaecare and Refteration Boynton Beach, " „tbrs rd'sOn . ,, `t� 2015 Pedro ftutch AucUens Wallingtolt, a Accepted ream and properly m a i. paperwork Mads hwse calls Created °a t l saes for online 'Marked closely with the aisIgners and answered questions In rawds to the fling and buying prr, � . In antiquitles lent: In Wtcrosoft, Bilingual Ilam People SkIlls Ability to work weR ulvdw pressure KnowWdgeable an seUingItems via It nziF Electronic Articles For r-IL118002M7 March 20 2015M The undmvigued .' coqxxatw, for dw purpose of forming a Florida profit corpmdon, hereby adopts dw follovAng Articles of hicorporabon: Article I Thenam of the tion AVENUE640 & OCEAN T, N BEACK PL. 33435 640 E. OCEAN AVENUE i BOYNTON BEACH, FL. 33435 Arfide HI The pmWse for which this corporatioii is organized is: 114TERNET AND PRIVATE AUCHONS ON PREMISES The number of sham the oorporation is atithorized C issue is - 100 Article V The name and Flonda Arm addrws of the regmtwDd agent" 640 E, OCEAN AVE 14 BOYNTON BEACK FL. 33435 t I am famfl= with and wxzpt the reVoustbihties a ALBERTO EDUARDO IACOI r� lax, 3��,�r ( � i J• �f�Trim W � —111% 111 - 11 ., I 1 11 �11 Certificate of Status ©< i 111 111!11 111 j , z:2 I� I I '' iiiiiii I 1�1�111�qpjll;l«lllo�l llp�lllll� � IIIII�11��Iljlj 1111m1111�1�1 2III I'll'i I l!III!lIII III 1 1111111 1! A* iflitt, MIT =141«2 IIIIII il 11 » ll *IIIIIJJI Certified Copy &M AUCnON GALLERY INC, a Morillia corpwal filed electm&a.Uy on March 20,2015, as shown by the ruords of this office. =11113111IMII !111011111111111 Ila "'r, �— ME �bc I I Am Net - x &-evAlry tiatAft ! . . \ ' f \\O\±\&.3 G000?fjSr, 23 10GOIC)136 FOR VALUE RECEIVEA It Is hereby ag,r ft -&d Olat. MEMMUM 1. The Landlwd, by these prwents does hemby lease and rent untD the siald Tenant, and said Tenant hereby agrees to lease and take upon the berrrm and condfflons whkh hereinaftr appear, the following described -property: Each of the parties hereto agrees that, upon the Commencement Date of this Lease or from Each of thepartlep hereto agrees that,u n the ,Commencement Date of this Leme». '.tjffm to time thwaWNW,u |e mqugmtof the o0w pady, it will examm and ,detWer r instrunmim as may be appropriate seWng fbKh Ift date of mmmermnmftn : date of% "moon . the twms of this Lease. (W In the .f Lensed. ybr occupancy . ©\ . t. \ ' .r busInW l, and sbffed .wMn .the .time herein provided, then | sMI have, in WOW to any and &H rmedin havin pmvWed, the r" t,it Ws opftn to rentalcokd not only the mMmum per dayfor each wW emry doy ftt the Twant sMN fall 2 . , * one pegs 2m att. . R ins equipment; 1 t proceeds of Insurance or condemnation awards am mwived therskm; 11 t they lirnprwe the Common Areas to theirbeyond criginal condMon or utiritytime by Landlord f (1w) costs Incuned by Landlord In the consbUcUon of the Shopping Center/Office and Landlord's ; Tenant shM pay to Lanftrd, in additionalohg withl mntal M .. d Gtr l erg n ,, transaction, , I , Ili 'Incomeege ism umment taxes, or I agency Won Landlord l rproratjons ,PaYable TENANT JMPROVMNLwKn ate I" 1 Is lug vadous buildIngs, autombile Padting areas, arW other COMMOn are" as shown on sald th l plan. NOMOns and designations fbund dwreon are site Landlord and I , 11Mk a is lribe the scope or ex 1 affect this LAMM. tent r lug any way Tenant11 de11VW tO the Landlord I 1 lul I I 11 I shall' Policies�alterations, I " iCancellation from the I 1111 I 11 not be removed ALTERAIMMS a. Landlord l ll be under llgatlon to Inspect saidluemlses. Tenant shall to conditionrd any defective im which Landlord is required to repair,it defLAM shall make Tenant responsible-Plablifty Incurred by Landlord reason of such . NotwOstanding any provision in this Lsa" to the CDntrary, LAndlord shallresponsible r liable to Tenantr any Injury or damage ftm acts or omissions of permns occupying property adjoining the Leased Premises or any Part of the bullidingwhich the Leased M Pmmlsw is a part, or for any Injury or damage resulting to the Tenant, or ft property, from 'bumbng, stoppage, r leaking of water, gas, sewer, or steam pipes or from any smictural defect in the mcf, exterior walls or the like. Eicqept as caused by whole or In part by the actions or Inactions of Landlord. El or d1swntfnue such I . COMMONS! TO GRANT 10. The provisions against subletUng eWewhem contalrodit not prohlbit Tenant froi� granting concessbns for the Opemtlon business which Tenant Is permiftd by fts Lease to conduct In or upon the LeasM Promises;. 'provk1ed, however, that (a) each such cnncewlon may be granted only upon receipt Tenaatof the written consent of the Landlord and shall be subJ492 to all the terms and provisions of thisi _ 11. The LandIOM covenants that the Tenant, upon POMM of the rent and addlUonal mnt hereinabOvO mserved, upon the due performance of the covenants and agrem.nents cont3ined, shall and MaY at all times duringthe i edy Id and en)W ft Dernised Premhm fbr the bM of thisr, the Landlord shall have no flabift whatsoever to the Tenant fOr any breach orthisI oned by the acts r om[Wons of any transfbm, successor, or assigroe of the Tenant. TENANT NEGLECT' 13. Tenant shall be solelyI I r and PromptlyI r heat, water, gas, alecWdty a,nd/or any other utility used orcons-umed in the Leased premifts, Should 'Landlord elect W Supply the water, gas, heat, elecbrIcItY and/or any ob"W UU14 used or consumed In the Lensed PMMIM,Tenant agrees to purchase and' pay fbr -the same as addlMnal rent at the appAmble rates filed by the Landlord with the'_ proper mgulatory authority. rNSURANCE DEFAULT By TENANT E 14L If all or rt of the Wased Promises Is damagwl or destroyed by flre or abher casualty, this Uum and all rms, Wvemnts and Conditions shali, subject to the pmvislons hereinafter In the event that the daiMage to the shopping center Of which the Leased Promises Is a part Is so extensive as to arnwintIIS to the substantial destruction of the Shopping Center/Office, then and In that event, this Lena shall cease and the rent shall be In On ennt that t so destroyed as tO Mquirsthat the u -mm be terminated as provided r I a , t I iand nsured 1 Insurance available r leanhold martgages whose Interest may be supeftr to the Landlord; and provided the destrtiction don not It In a terminationr l If any; aind rI i Il t least years to run or In the went that I i I I t the int herein agreft to wftnd the term of thfa Low I dealingswdon of this Lem any,and In that event the Landlord shall repair and rebuildi r/offim WM reawnble dillgience, execute any such cartift6ter Certificates for and an beh'alf of Tenant. Lease, and the rent shall be aPPOrtionedf such date INDIEWIMIRCAMN OF LANDLORD 20. findees few Tenant mpresents and warrants that there are no claimsI Ion or In =nection wM the exmUon of Indemnifygr"s the Id It harmlew ftm all 11ablijUtsP Including,11 In PARKING AND COMM AREA Tenant agrees that It and Itis officers and emPlaYeesit Park their 1 1 n such space as Landlord may from time to time designate1 Ire t 1 " f rpt t r t t intervening EM o- A Landford shall how the right to cJom any part of the parldng area or the employeeparking space r other Common Areas and fediffiesr such time as LandlordIn Ws sole1 1 Shoppingdeems neciwary fbr the benefit of the, 11 Common Amas and faaftslr the Lmsed 15mmism which Tenant may be permittedused and occupied under a revmble license, and I any such license be ruvoked, r if the amount of such areas be diminished, Landlord shallnot be subject to any liability ll Tenant be eridded to any compensation or diftnutionr absternent of rent, nor shall such revcxaltlon or dliminuUon actualconstructive or eviction. If this Lease shall be terminated1 In this A LandlordThe , ImmedPaftly, or any tfirner r and resume possession of the DernlsW Premisesn all persons wrWesummary promWings or by a suitable aWon or prmWIng at low or In equity, or by force or otherwise, widlout being Plable1 shall be deemed an acceptance of a surrender of thIs EXPENSES OF ENFORCEMENT In t u l under Il u II the due ff said payment ll bear Interest at the rate of fiften Ipercent per annuirn the due date until paid unless otherwise spedficaDy provided hemin, but the payment of such interest shag not excuse ior cure any default by Tenant under this Lease LEGAL EXPENSIM MEM 25. Tenant may Install and maintainsigns IIIA I* I TendM Ins the mcessary permits ftm proper governmental authwftles for the emcdon and nulintenance of mid sign, and the prior written approval and connnt of the Landlord to size, type, design and iI I III not be unramnably I IIbe Si i. FORCE MMEURK HOLDING OVER notice that RUBBISH L shallGENERAL COMMONS 29. This Lem W i t agrees, at WS own expense, to promptty complyall requirements of any 109SW ConsUtuted publichog ry by reason of Tenanrs occupancyf the (a) In every lnftnce where LandloM's approval is required, said appmvals It be unreasonably withheld. QDA1209aft Tenant agmvs th,at It shall not disdose the terms of thl'sase t partiesPersons who are not I t unless requiredlawful court order or otherwise by law. Tsnant Mcognizes and agrees that the subJed of this Paragraph Is unique 17 and that the faflure of Tenant to peribrm our fulfill Its obligationshereunder ill result In 'Irreparable harm to the Landlord.Accordingly, Tenant agrees and consentsthat speciftc perftmance of the is i r other equitablel'obtained through the a the State of Florida.r, equitable reliefii not pmclude any action r damages arisingviolation of the provisions of thish. In every instance wherel ' t or approval is mquired, the t or approval shall rsot be unreasonably withheld, denied or delayed. s Any wriMen ri Mquirgdlis Lease must be served by caMfled or reglaured ffmil, Postage prepaid, addressed to the i i " l t the addrew first herein bove given r tdesignate notice. LZABILM OF LANDLORD 23. Tenant shall look solely Landlord's interest In the prOMIsmthe Shopping Center which the premisesthe any judgment ordecree requiring t of moneyLandlord, basW upon any deftult under this Lease, and otherno property of awft of the Landlord shall be subject to levy, execution or other enfbircoment procedure or satisfaction of any such judgment or decree. 34. Notwithstanding u the flDregaing, all disputes that arise In lore with this Agreement shall bs Settled by arbitration in the State of Floridauu nt to the rulesthe is CAPTIONS AND SEMON 35. The capt$ans, settlons, numbers artide numbem, and Index appearing inserted as a rnaiur of convenience and in no way define, 11mR, wnstrue, or descibe the scope r Intent of such sedlonsr artides -of this Lease nor to any way aftct this Lease. MM 1. 1 . Index that Is most recent to the date In quesdon. In the event Lessee eleM to exerdse the option herein desWbed, Lame shall so notify Lessor In wrMng no later thain Three (3) months prior to the expiraUon of the tenns of this Wow. In no event "I the renW In the renewal term be below the rerftl In the original berms of the Ume. I �IN IN I T N E S 8 W H 0 R 10 F, the partms hmm hemunto set their hands and wals the day and year fift above written to thIs Leine Agreemen't to which he.% been annexed Exhibit W (Lane FJwr Plan). .......... WrMEMS. LANDLORD: POUR SONS PLAZA LLC 4- A16wC& �17� ��L absodutely and unconditionally guarantees the peffbrmenca by Tenant of Its obligation under the above written Leam, 0 EMWAIM The ban rent during the InMal Thme (3) year period shall be as fbilows: I Jj 11�-1119-10c. I ow ... . . . .... (I .. ..................................... . . . . . . ... . . . . . . . . . . . .. iS, i', 'oi� .. . ..... .. . Vv0, List of Jobs to be created Overall Purpose of the Job: I IN I I I I I I I I I I I i I i I I I I I I I I I I 1 1 11 1 1 111 11 � I I I Key Responsibilities/Tasks.- a Maintaining record f,, Wes and coordinate vdth owner on payments received. * Contributing to teant effort by accomplishing related results as needed. Photographer Overall Purpose of the Job: Key ResponsibiliflesiTasks- W h 0-1 WVT, � • Market and advm-dse services to attract clients • Use various photcgraphic equipment and lighting techniques for works of art and antiques. * Use photo enhancing software; Photoshop * Maintain digital files of all items for easy accessibility S Auction . . .... . Main Floor Sales Ovemll Purpose of the Job - Key Responsibilities/Tasks: • Researching history on paintings and antiques • Cataloging action house items • Receive and respond to auedon estimate inquiries Greeting and receiving clients on-site to support appraisal, consignment and sale Efforts * Assist clients in galleries during preview weekend and/or sale week * Other duties as assigned by Manager a Inc. Gulf Stream Auction Job Title Hours Starting Salary Receptionist Monday -Friday, / 9am-5pm Hourly/ $10 — $12 PhotogTapher Monday -Friday t 1pm — 5pm Hourly/ $10 - VE Wei; Representative Monday-Triday I 9arn-5pm Hourly/ $12 - $15 Concierge Event - R Tour and Restaurant sampling -enjoyed , Tricia Nfiller- Ritz evening and she will Thank You Carlton share what Boynton has L4/29/2015 Note Concierge , offer to her residents A► Karen Tour Restaurant sampling -enjoyed the SeasonsRosington- Four .nmarma Concierge and meeting the vendors RECEIVED BOYNTON BEACH CRA aa 4ALroN* 4NGER ISLAND, PALM BEACH TRICIA MMLER RESIDENCES CONCIERGE 2 N DRIVE, SINGER IS D, cam., - e� elm diaA Ji FoUR SEASONS RESORT jllw-waole Karen Rosington Comcier d,6e Les Clefs r USA Direct Line. (561) 533-3708 2800 S'-RII 01— F9 oriJrvmrrJ, P.I. Brash. Fl.rid. 33480 USA Td: (561) 582-280C. F -X (561) 540-3248 '�(�t11L bus `�'���P cn�l�:�n �{nL�G�h ` fib e�y ��,u� fLA 4, 31 lie ��- �� �d���l ItD May VeiqdL6 016 CRA BOA" MEETING OF: May 12,2015 Li Conse—ut Agenda Old Business New Business Legal I X I Information Only Other SUBJECT: Marketing & Business Development Campaign -"Catch a Reservation7 Concierges VIP Tour As part of the CRA's ongoing business development and marketing efforts, the CRA hosted a Hotel Concierge VIP Tour "Catch a Reservation" April 8, 2015, 6 pm — 9 pm. The main mVk*'A �-w area with efforts to promote Downtown Boynton Beach and the Boynton Harbor Marina as a tourist destination. The tour started out at 480 East Ocean Ave., The Little House, with an introduction anild welcome to Boynton Beach. Staff presented the amenities within the CRA district to 39 concierges from hotels within Palm Beach County. The amenities presented were: • Restaurants • Retail shops * 5 waterway parks in the CRA district- Harvey Oyer Park, Intracoastal Park, Jaycee Park, Mangrove Park and Promenade Park * Special Events * Marina Amenities- 10 Fishing Charters which includes Drift Fishing, 5 Dive Charters, 6 shipwrecks off the Boynton Beach Coast and 10 reefs in the area right outside of the Boynton Inlet, Boat Rentals, Jet Ski Rentals and Waterfront Dining Vice Mayor/Vice Chair Joe Casello presented the City's additional amenities outside the CRA district such as: • Beach • Golf Course • City Parks As part of our increased marketing efforts, last year, the City and CRA became a Signature Partner of Discover the Palm Beaches and have been working very closely with Discover the Palm Beaches staff to highlight Boynton's many opportunities to tourists. Prcsident and CEO of Discover the Palm Beaches, Jorge Pesquera attended the event and spoke to the concierges about the happenings in the tourist industry for Palm Beach County. T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetingIFY 2014 - 2015 Board Meeflngs\May 20151Business Development & Marketing Campaign May.docx k' RTO BOYN . . . . . . . =BEAC:CRA shopping. The tour attendees boarded the trolleys with a drive showcasing the district. The next stop featured Cafd Frankie's and The Fancy Flamingo promoting the diversity in Boynton Beach. III -'P1 fowntown Boynton Beach businesses. Photos of the event (Exhibit A) IN 11 �li III ii, 11 CRA PLAN, PROGRAM OR PROJECT: All CRA Programs and Projects T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by MeetlnglFY 2014 - 2015 Board MeatingsWay 201 5\Business Development & Marketing Campaign May.docx Fill llill!l I'll sUrMPTITUM AGENDA ITEM #: XII. A. ViTNUUM.-TirsWrelt =vjo rMOURMOM i i FTITe V IVA=* MiuMMMMUNN The CRA is required to publish the attached Notice of Intent to Dispose of Real Property pursuant to Section 163.380(3)(a), Florida Statutes in order for interest parties to make proposals on the property in accordance with implementing the 2014 Heart of Boynton Community Redevelopment Plan as part of the Model Block Project. FISCAL IMPACT: N/A — Statutory Requirement PUP. RECOMMENDATIONS/OPTIONS: Approve the Publication of the Notice of Intent to Dispose of Real Property known as Lot 23, Block 1, The Frank Webber Add. to Boynton, Plat Book 9, Page 3, Palm Beach County so that staff may bring the proposals before the CRA Board for review and selection. ViWanL. Brooks Executive Director � ' ! y . Of VA :1 This notice is being published to satisfy the procedural requirements for activities to be undertaken by the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163, Part 111, of the Florida Statutes. Pursuant to Section 163.380(3)(a), Florida Statutes, the Boynton Beach Community Redevelopment Agency ("CRA") hereby provides notice of its intent to dispose of a parcel of real property, pursuant to the approval of Boynton Beach Community Redevelopment Agency Board on May 12, 2015, which parcel is more particularly identified as follows: PNC #08-43-45-21-25-001-0230 — Lot 23, Block 1, The Frank Webber Add. to Boynton, according to the map or plat thereof as recorded in Plat Book 9, Page 3, Public Records of Palm Beach County, Florida. This intent to dispose of real property serves the public purpose of implementing the 2014 Heart of Boynton Community Redevelopment Plan as part of the Model Block Project. The Heart of Boynton Community Redevelopment Plan may be viewed at the CRA's website: h. ://www.catchb�l nitonxom/ en-for-busiess/pls s -and -documents Parties interested in making proposals for the above property must submit a proposal within 30 days of publication of this notice. Additional information related to the intent to dispose may be obtained from the CRA at 710 North Federal Highway, Boynton Beach, Florida, 33435, Telephone Number (561) 600-9090. Z= hUp.//,Pnm.pbr,gov.cm/p*WAWdpqm&lpqMis.W?Vaue=og Owners WEEKS MARGARET M TR WEEKS TERRY A TR & Property detail Lomdon NW 1 OTH ST Municipality BOYNTON REACH Parcel No. 08434521250010230 subdivislon WEBER FRANK ADD TO BOYNTON IN Book 25981 1 -1 a f,,l e 7 9 Sade Date FEB -2013 934 S PATRICK CIR Mailing Address WEST PALM BEACH FL 314064476 U me Type 0000 -VACANT Total 0 Square Feet Tools Layers Print Messages |a!01410! &29/2 0 AM Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 1.01",,2,015 . . . . . . . . . . . . . . . Jur. T%Crey so moved. Mr. Merker seconded the motion that unanimously passed. F. Consideration of Resolution No. 15-01— Bond Refunding Series 200513 and Authorizing the Issuance orf Series 2015 in Principal Amount of $5,005,000.1�1 G. Update on Marine Village Parking Garage Management Program and Temporary Parking Agreement negotiations for additional parking at 114 N. Federal Highway. Mr. Simon explained the Board had directed staff to look at alternative parking lots to enhan f Ameri parking for customers and Marine staff. They put together an agreement for the Bank Ameri site. Due to the cost of the improvements and the insurance, the amount would be c prohibitive. Chair Taylor suggested they drop the item, Motion Mr. Hay so moved. Mr. McCray seoonded the motion to discontinue pursuing the Item. Oi Th - motion passed 5-1 (Mr. Fltzpatriok dissenting.) K41'f�i1l1l1l1l11k1 111 Ltt� I N I Ms. Brooks explained this position Is currently a 30 -hour per week position vAth no benefits. She wanted to change the position to a 40 -hour position with benefits. Mr. Burdick was moved into the position at a lower salary, but there was funding to make the reclassification budget neutral. They are busy and they needed the position. The additional 10 hours would help the Agency. Motion Mr. McCray moved to approve. Mr. Merker seconded the motion that unanimously passe .9 13. Consideration of Purchase Agreement between the Terry A. Weeks and Margaret M. Weeks as Co -Trustees of the Terry A. and Margaret M. Weeks Revocable Living Trust in the Amount of $15,000 for Property Located on NW 1& Avenue foi the Model Block Project - I : 11 a IP A Mr. McCray moved to approve. Mr. Merker seconded the motion that unanimously passell in 1.=1=717,7-7777M.77: 77 The nmct nacWn p =Mn erg orae vkw ofdm proje ft indu ft a icept lj \O 2 BOYNTON 2013 MASTER PLAN 1 ModWlam : 3. «&a— Eas Mimd Use M"Jwnw < 5«<i M EzpnsW MLK . y y 4. CoMp DWk ImM Dmbpnwz Ocean Bm= Wxt Rodeafial Mnbpum 9 \2 -CRA HOB MAJOR PROJECTS LOCATION«: MODEI ILOCX AREA EXISTING CONDITIONS MODEL BLOCK: CCE■T DRAWINGS a , OF BOYNTON 26i, MASTSM MAN VA04MA I RIOS M191063. NLUrlL ITIMMIVArx< �jg 2. MLX COMMERGAL CENTER NVAItT or BOYNTON IM KASTIR PLAN I ' I need for dme sovku Sol toft. TIP n is 3. OCEAN BREEZE EAST MIXED USE Devmpmw 0 BOYNTO B EAC RA 05 1 DI DO W III Consent Agenda Old Business New Business Legal Information Only I X1 Pub] AGENDA ITEM #: XII. B. SUBJECT: Notice of Intent to Dispose of Real Property known as 480 East Ocean Avenue, Boynt] Beach, FL SUMMARY: On April 14, 2015, the CRA Board selected respondent Salvatore Campanile as their choice for the purchase and development of the property located at 480 E. Ocean Avenue. See attached Minutes. The CRA is required to publish the attached Notice of Intent to Dispose of Real Property pursuant to Section 163.380(3)(a), Florida Statutes. FISCAL IMPACT: N/A — Statutory Requirement CRA PLAN, PROGRAM OR PROJECT: Downtown Vision and Master Plan (see attachei Ocean Cultural Corridor Portion of the plan). Vivian L. Brooks Executive Director Ueeting Minutes Community Redevelopment Agency Board Boynton _ `FloridaApril4 0' i Chair Taylor asked if the Board wanted to pursue Ms. Brooks' recommendation. Mr. McCray favored ..e! following Brooks' Mr. Hay inquired why the Board would not reconsider the second respondent. Ms. Brooks explained., only Aubum and Hudson Holdings replied to the RFP and Auburn did not offer anything for the property. She thought the CRA would do better in the current market, but commented Aubum could still apply. Vice Chair Casello favored including parameters in an RFP because an RFP was negotiable. Ms. Brooks cautioned when they received responses to this RFP and negotiations changed, many Board members were not happy. She suggested it may be better to negotiate up front and then go through the process as it may have a better outcome. Buchanan • - • following Brooks' Taylor♦. - ! who favored her recommendation. Except for Vice Chair Casello, there was consensus to follow Ms. Brooks' recommendation. C. Consideration of Interested Parties for 480 and 211 East Ocean Avenue - Tabled 3/10/15 =I Mr. McCray moved to remove the Item from the table. Mr. Hay seconded the motion that unanimously passed. Ms. Brooks reminded all they sought to add activity to Ocean Avenue, to convert non-active uses to active, add to the tax rolls, maintain the historic character, create an identify for Ocean Avenue and encourage other businesses to invest there. This was not an RFP. They wanted to obtain qualified interested parties through a commercial broker and the process will remain open until the Board, decides to close it or select a party. 480 Ocean Avenue was built out as a restaurant and had a seating capacity of 75. The property was appraised for $190,000 without the land and the Property Appraiser valued the land at $153,000. The qualified interest parties for 480 E. Ocean Avenue were Sal Campanile for a pizza shop; Bruce Kaplan, for a local development company for a craft beer and pizza establishment; and Rodney Mayo, a local restaurateur; contemplating either a fish, coffee, or pizza shop establishment. Mr. Merker noted Mr. Mayo was a new presenter and inquired if allowing him to make a presentation was professional or correct. The only thing that upset him was others could come to the table. Attorney Dully explained there was no legal reason the Board could not consider who the broker brings to the table. Mr. Merker inquired if they had the right to deny a proposer to make a presentation. Attorney Duhy clarified the CRA has a duty to dispose of property in the best interest of the CRA. It was within the Board's discretion, and she cautioned when making selections,. they be based on the CRA's plans and criteria. Mr. Merker the thought door should have been shut. ~ Meeting Minutes RedevelopmentCommunity Boynton.'Beach, Florida April 14, 2015 Ms. Brooks explained the three individuals met the CRA's criteria. Vice Chair Casello inquired if a business plan was part of the criteria and learned it was not. Not everyone had a full business plan. Ms. Brooks explained each presenter would have five minutes to make their presentation. Mr. Merker questioned how someone could buy something from a City or County without seeing a plan. Ms. Brooks explained a business plan was a very detailed financial plan and not everyone had one. They had conceptual plans. The CRA asked for proof of their financial ability to operate. Mr. Merker thought financial plans and conceptual plans should be part of the requirement. Ms. Brooks cautioned the members not to get caught up with what they will put there as opposed to their ability to get the project done. The buildings are old buildings and the members should not miss the main issue of what can activate the project before season. Mr. Fitzpatrick was not comfortable moving forward until the CRA owned the land and wanted to consider Item 14D before voting on 480 Ocean Avenue. Attorney Duhy explained the Board was just bearing presentations from proposers on two pieces of property. The goal of the Board was to choose Someone to negotiate with. From a legal standpoint, she did not think Item 14D had to be considered first. Chair Taylor disclosed he met with Tara Sinclair and Salvatore Campanile. Salvatore Campanile, Diane Drive, advised he is a master chef and master pizza chef. He trained at the Naples Institute of Culinary Arts and Hotel Management. He owns a 250 -seat restaurant in Delray Beach, which serves wood -fired pizza. His previous restaurant was a 6,000 square foot, waterfront restaurant in Sugar Loaf Key. He took an abandoned landmark restaurentttavern and turned it into a restaurant. It was a huge project. When they opened, there was a line out the door and a two-hour wait for a 250 -seat restaurant. He belongs to an association certifying he uses healthful ingredients and old world methodologies. He was under the impression there was a deadline in March to present concepts or plans by a certain time. His restaurant in Delray Beach was very successful. He opened in October and it was voted Best Pizza in Palm Beach County. Mr. Campanile grew up in Naples, Italy and has been in this business his whole life. In Italy, they produce olive oil, wine, and mozzarella. His plan for 480 Ocean Avenue was to create a pizzeria for authentic wood -fired pizza in addition to other foods and farm salads. He thought the building was the ideal location for a destination pizzeria. He is a 10 -year resident of Boynton Beach and has been looking for a location in Boynton Beach for a year. He agreed Ocean Avenue needs foot traffic,. a destination restaurant, and social spots where people can meet and enjoy craft beer. He emphasized it was not just romance about food. Operators have to know costs and be able to transition from concept to execution. He did it already and between the two locations on Ocean Avenue, he planned to create at least 40 new jobs. Christian Prakas, one of the brokers, was representing a local development company that could not be at the meeting and advised he has a fiduciary relationship to the board and the presenter and to present all offers to the best of his ability. Mr. Merker thought if the person was not present, the Board should not hear from a third party the Board hired and thought it was absurd. Mr. Prakas commented the presenter was at the last meeting. The local development company wanted to implement a craft beer and artisan pizza 10 Meeting Minutes Community Redevelopment Agency Board off - -• •' • • �_ _ •, - ,_■ ♦- Vii' ••- f- _ -_ • _ • - ♦ - -rill, - R _ jam_ a changes or -•- • _ Christian Prakas for Bruce Kaplan explained they wanted to purchase the building and they had increased their purchase price to $325,000. Mr. Prakas explained he was a transactional 11 Meeting minutes Cornmun4 Redevelopment Agency Board Boynton,13each, Florida April 14,2016 broker, authorized to represent Mr. Kaplan. Vice Chair Casello inquired if the CRA signed off on it and Mr. Prakas responded he was not legally required to do so regarding commercial buildings. That provision only applied to residential buildings. The only incentive requested was the $45,000 interior -build out for the hood. They guaranteed to invest over $80,000, and the hood was anticipated to cost $20,000 to $30,000. Mr. Prakas explained ,Mr. Kaplan has a craft beer supplier from South Florida lined up, and Lou Ventura, a famous operator from Atlantic City would come down for the project in Delray. Mr. Prakas did not know which concept he would select. Mr. McCray was concerned the person would back out. Mr. Prakas explained the owner wanted a fast close as soon as the CRA could issue a contract. Mr. Merker explained it sounded like Mr. Prakas was working for the developer because he was representing the developer. He also noted the purchase offer increased. He inquired if anyone else had the chance to negotiate and increase their price, Mr. Prakas explained once Mr. Kaplan saw the documents posted on the website, he decided to raise his offer so he would have the best chance to obtain the property. Mr. Prakas did not approach anyone to see if they wanted to increase their purchase price. Mr. Merker found it disdainful he was speaking and selling for Mr. Kaplan and working for the CRA. Mr. Prakas explained he wanted Mr. Kaplan or a representative to be present, but they were not. Mr. Merker inquired if Mr. Prakas was contacted' by. a lobbyist or member of a City Board other than the CRA and learned he had not. Sal Campanile, explained he made an offer to purchase both 480 and 211 Ocean Avenue. He did not receive any paperwork that Mr. Kaplan increased the purchase price and explained he was only interested in purchasing the property. Mr. Buchanan asked what would occur if he could only. purchase one of the two properties. Mr. Campanile explained they have $1.5 million for the two properties. He was confident he could operate both the Boynton Beach and Delray locations. v. Mr. Campanile advised he has a business in Brooklyn that is very successful, and they were contemplating rolling out their restaurants in all major airports in the U.S. There would be local craft beer and wine on tap and by the glass at 480 Ocean Avenue. He planned to slightly change the building footprint. Mr. Campanile expressed air conditioned space was needed in order to have a year-round comfortable place. He was looking to add an additional 800 to 1000 square fest. Mr. Campanile also advised he does not know David Camalier. Mr. McCray liked that Mr. Campanile was local, but did not like the attack on Mr. Kaplan. Mr. Campanile explained he was not attacking anyone, but Mr. Kaplan advised he was in the business of flipping properties. Mr. Merkee, inquired if he would be a hands-on owner and learned he would. In response to Mr. Merker's questions whether he was contacted by a lobbyist, Mr. Campanile advised he received a call from David Katz. Mr. Katz explained he was on the Planning Board and he asked about the project and if he would like to meet. Mr. Hay inquired if he had the finances to take the project from concept to -completion and learned he did. Chair Taylor opened floor for public comment. No one came forward. W Meeting Minutes Community Redevelopment Agency Board Boynton..Beach, Florida April 14, 2015 Chair Taylor explained he was looking for experience and some of the respondents have it. Mr. Campanile and Mr. Mayo did and Mr. Kaplan was a developer. He wanted the business to generate activity. He thought it was good to get the properties on the tax rolls through a purchase., - He liked Mr. Campanile's project and they could get it going. Vice Chair Casello supported- Mr. Campanile's plan as did Messrs. McCray and Merker. Ms. Brooks noted Mr. Kaplan raised the price, and the Board could ask Mr. Campanile if he would match it. Mr. Fitzpatrick liked that the owner lives in Boynton Beach. He liked the Master Pizza Chef designation and there were only five in the country. That criterion could not be duplicated. He advised he was leaning toward Mr. Campanile. Mr. Hay noted they just had a failure with the prior restaurant owner and did not want to get hung up on a concept. He wanted an operator to take the project and complete it. He did not want the CRA to be in a land owner position and did not want the same owner for both properties. He felt Mr. Kaplan has good financial backing and was leaning towards him. Mr. Buchanan inquired if Mr. Campanile would be agreeable to a deed restriction giving the CRA the first right of refusal and learned Mr. Campanile would not oppose it. He would also match the $325,000 offered by Mr. Kaplan. Motion Mr. Merker moved to accept the offer by Mr. Sal Campanile for 480 Ocean Avenue and open negotiations for contract approval to be brought back to the Board. Vice Chair Casello seconded the motion that passed 6-1 (Mr, Nay dissenting.) Ms. Brooks reviewed the 211 East Ocean property needs a major site plan approval by the Planning and Development Board if they were to add to the building. They would have to appear before the- Historic Resources Preservation Board and the City Commission. This was not a rezoning, but it takes the same amount of time as a zoning change would. All the uses will deed to be handicap accessible, including ramps and restrooms. The building needs significant renovation and the CRA budgeted $200,000 for the selected operator. The CRA obtained an independent appraisal reflecting the property was valued at $255,000. (Mr. Merker left the meeting at 8:37 p.m.) The respondents who met the qualifications for this property were Sal Campanile, Bruce Kaplan, Rodney Mayo, Tara Sinclair, and Eric Weast, Jason Ficarra, and Kory Patrick, who would make presentations in that order. Mr. Campanile advised his concept for 211 E. Ocean was La Piazetta, which means little square or social gathering space. It would feature wood fire authentic pizza and a full-scale restaurant, open kitchen, and al fresco indoor and outdoor dining with a completely different menu. He would display an oak fired grill for steaks and seafood and they would offer homemade artisanal pastas and flatbreads. There would be a small stage with controlled sound system and a full bar with craft beer and wine. (Mr. Merker returned at 8:40 p.m. and lett the dais again.) 13 Search Pr4.MflffT-=[moi T -T M. Owners BOYNTON BEACH CITY OF LESSOR ADVENTUROUS PALATE LESSEE Property detail Location 480 E OCEAN AVE Municipality BOYNTON BEACH Parcel No. 08434528030080010 11��& Book Pago P1137vm- PO BOX 310 Mailing Address BOYNTON BEACH FL 334250310 Use Type 9000 - LEASEHOLD INT Total 768 Square Feet Tools Layers Print Messages http://www.pbcgov.com/papa/Asps/papagis/Papagis.aspx?qvalue-=08... 1 of 1 5/1/2015 4:26 PM (Section s> 80 This notice is being published to satisfy the procedural requirements for activities to be undertaken by the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163, Part III, of the Florida Statutes. Pursuant to Section 163.380(3)(a), Florida Statutes, the Boynton Beach Community Redevelopment Agency ("CRA") hereby provides notice of its intent to dispose of a parcel of real property pursuant to the approval of Boynton Beach Community Redevelopment Agency Board on May 12, 2015, which parcels are more particularly identified as follows: NU ";11A%333-jEO=* 1 1111111111,111 1 111"L 711013 UK #�11 .1 1 �111 This intent to dispose of real property serves the public purpose of economic development of the core downtown district according to the Boynton Beach CRA Redevelopment Plan, Boynton Beach CRA Economic Development Plan and the Downtown Vision & Master Plan which can be viewed on the CRA website: www.catchboMton.com --a loss Ira"'O Iwo oxI36I 0 ^ W-ANX 00a W 'Orm Ole a 1 0 4 raftEk Uspose may oe o6famed Trom tudeffioyngabea4c WZW�;WaYlefepine flumber (561) 6 3090. DOWNTOWN VISION AND MASTER PLAN OCEAN AVENUE CULTURAL CORRIDOR W.ple.R.mf—N..p.ddmp,,dk .,pft—dl.h... I (D OCEANA' VENUE: CUITURALCORRIDOR 10— �a a I m t l 0 EA AW 6.0-n Avonue� 0-'"Mral ou'rido, A C4- woovV,Vur Ooeam A.V�Fn.. Im propmvol 1,0M ftatenled Bouia—nd h, llh. —Mnw, It'. Wmor 01 —1. benhalnote mms n v hd One are onvisloned a pam of ft6tow� YrAv, u^ASmpuH ndnxinu'kh. to! *nd efum i OW WAW -Ural ftXlrfideir. 5buc asm and Vs arleMar6a by a now pAdelftWidn and retWi hub Whlnh acts as Me amudved, R a 1he , mut lnotl, TOD diatak;L Mlxaed u.h 10dadelop.s'et areW1 Vill sn Me Wnslmq too&, along One- Avenulf, and a, nee, IdamIltv WN be ahmpad Wunucm sulfomolmSm EnontuaRy, IN, raderal Highnemy Untmer Perk will prvvide a reuplte Iri Me v—Im, of Rm corridg, ra QvWw% !.Wmm, —d Th. HnU,. —1�.n r Fe ovieflorlod e trakwit- a.6 pedestr1ein-irl.nd, P lv, TV'. -F,-.,d i'di-ale mdeinsl.ri If! p.mvid . . . br—g link b.11no—, lelit thrl'Ont; nom, ouIturdl difirlaR euot u" nddrte, I m -_1W A pd"t,l--fd- —W.. E..P. Sbt pmWk . h.d.d p.dhUn —b� Or, E AN AVEN U E - CULTURAL CORRIDOR 1.4 BOYNTO "i", B EAC RA Nano a LWO W'; SICRI ECT: Notice of Intent to Dispose of Real Property known as 211 East Ocean Avenue, Boynton Beach, FL SUMMARY: On April 14, 2015, the CRA Board selected respondent Salvatore Campanile as their choice for the purchase and development of the property located at 211 E. Ocean Avenue. See attached Minutes. The CRA is required to publish the attached Notice of Intent to Dispose of Real Property pursuant to Section 163.380(3)(a), Florida Statutes. Fg-M Ocean Cultural Corridor Portion of the plan). RECOMMEENDATIONS/OPTIONS: Approve the Publication of the Notice of Intent t* Dispose of Real Property known 211 East Ocean Avenue, Boynton Beach, FL V&i'an L.Irro—oks Executive Director Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida April 14, 2015 Chair Taylor asked if the Board wanted to pursue Ms. Brooks' recommendation. Mr. McCray favored following Ms. Brooks' recommendation. Mr. Hay inquired why the Board would not reconsider the second respondent. Ms, Brooks explained '..only Aubum and Hudson Holdings replied to the RFP and Auburn did not offer anything for the property. She thought the CRA would do better in the current market, but commented Auburn could still apply. Vice Chair Casello favored including parameters in an RFP because an RFP was negotiable. Ms. Brooks cautioned when they received responses to this RFP and negotiations changed, many Board members were not happy. She suggested it may be better to negotiate up front and then go through the process as it may have a better outcome. Mr. Buchanan favored following Ms. Brooks' recommendation. Chair Taylor inquired who favored her recommendation. Except for Vice Chair Casello, there was consensus to follow Ms. Brooks' recommendation. C. Consideration of Interested Parties for 480 and 211 East Ocean Avenue - Tabled 3/10/15 I,Y,lr. ilicCray moved to remove the item from the table. Mr. Hay seconded the motion that unanimously passed. ker to active, add to the tax rolls, maintain the historic character, create an identify for Ocean Avenue and encourage other businesses to invest there. This was not an RFP, They wanted to obtain qualified interested parties through a commercial broker and the process will remain open until the Board. decides to close it or select a party. 480 Ocean Avenue was built out as a restauranl and had a seating capacity of 75. The property was appraised for $190,000 without the land and the Property Appraiser valued the land at $153,000. The qualifted interest parties for 480 E. Ocean Avenue were Sal Campanile for a pizza shop; Bruce Kaplan, for a local development company for a craft beer and pizza establishment; and Rodney Mayo, a local restaurateur, contemplating either a fish, coffee, or pizza shop establishment. Mr. Merker noted Mr. Mayo was a new presenter and inquired if allowing him to make a presentation was professional or correct. The only thing that upset him was others could come to the table. A"trif ray4htq-ex� brings to the table. Mr. Merker inquired if they had the right to deny a proposer to make a presentation, Attorney Duhy clarified the GRA has a duty to dispose of property in the best interest of. ' the CRA. It was within the Board's discretion, and she cautioned when making selections, they be based on the CRA's plans and criteria. Mr. Merker the thought door should have been shut. 0 Meeting Minutes Community Redevelopment Agency Board BoyntonSeach, Florida April 14,2016 broker, aqthorized to represent Mr. Kaplan. Vice Chair Casello inquired if the CRA signed off on it and Mr. Prakas responded he was not legally required to do so regarding commercial buildings. That provision only applied to residential buildings. The only incentive requested was the $45,000 interior -build out for the hood. They guaranteed to invest over '"! 1/'1 and the hood was anticipated to cost $20,000 to $30,000. famousexplained'Mr. Kaplan has a craft beer supplier from South Florida lined up, and Lou Ventura, a •t- t • R •' • •• • project Delray.r •not know which concept he would select. Mr. McCray was concerned the person would bachout. Mr. Prakas� explained the owner wanted a fast close as soon as the CRA could issue P Sal Campanile, explained he made an offer to purchase both 480 and 211 Ocean Avenue. He r • not. 1receivepaperworkthat Mr. Kaplanincreased purchase price•explained he was only interested in purchasing the property. Mr. Buchanan asked what would occur if he could only. purchase one of the two properties. Mr. Campanile explained they have $1.5 million for the two properties. He was confident he could operate both the Boynton Beach and Delray • • Mr. Campanile advised he has a business in Brooklyn that is very successful, and they were contemplating rolling out their restaurants in all major airports in the U.S. There would be local craft beer and wine on tap and by the glass at 480 Ocean Avenue. He planned to slightly change the building footprint. Mr. Campanile expressed air conditioned space was needed in order to have a year-round comfortable place. He was looking to add an additional 800 to 1000 square feet. Mr. Campanile also advised he does not know David Camalier. Mr. McCray liked that Mr. Campanile was local, but did not like the attack on Mr. Kaplan. Mr. Campanile explained he was not attacking anyone, but Mr. Kaplan advised he was in the business of flipping properties. Mr. Merkev inquired if he would be a hands-on owner and learned he would. In response to Mr. Merker's questions whether he was contacted by a lobbyist, Mr. Campanile advised he received a call from David Katz. Mr. Katz explained he was on the Planning Board and he asked about the project-. and if he would like to meet. Mr. Hay inquired if he had the finances to take the project fr• • -r to.completion and learned he • •' M Meeting Minutes Community ncBoard Florida il14,2015 Chair Taylor explained he was looking for experience and some of the respondents have it. Mr. Campanile and Mr. Mayo did and Mr. Kaplan was a developer. He wanted the business to generate activity. He thought it was good to get the properties on the tax rolls through a purchase.''- He liked Mr. Campanile's project and they could get it going. Vice Chair Casello supported' Mr. Campanile's plan as did Messrs. McCray and Merker. Ms. Brooks noted Mr. Kaplan raised the price, and the Board could ask Mr. Campanile if he would match it. Mr. Fitzpatrick liked that the owner lives in Boynton Beach. He liked the Master Pizza Chef designation and there were only five in the country. That criterion could not be duplicated. He advised he was leaning toward Mr. Campanile. Mr. Hay noted they just had a failure with the prior restaurant owner and did not want to get hung up on a concept. He wanted an operator to take the project and complete it. He did not want the CRA to be in a land owner position and did not want the same owner for both properties. He felt Mr. Kaplan has good financial backing and was leaning towards him. Mr. Buchanan inquired if Mr. Campanile would be agreeable to a deed restriction giving the CRA the first right of refusal and learned Mr. Campanile would not oppose it. He would also match the $325,000 offered by Mr. Kaplan. Mr. Merker moved to accept the offer by Mr. Sal Campanile for 480 ocean Avenue and open negotiations for contract approval to be brought back to the Board. Vice Chair Casello seconded the motion that passed 6-1 (Mr. Hay dissenting.) Ms. Brooks reviewed the 211 East Ocean property needs a major site plan approval by the Planning and Development Board if they were to add to the building. They would have to appear before the-. Historic Resources Preservation Board and the City Commission. This was not a rezoning, but it takes the same amount of time as a zoning change would. All the uses will need to be handicap accessible, including ramps and restrooms. The building needs significant renovation and the CRA budgeted $200,000 for the selected operator. The CRA obtained an independent appraisal reflecting the property was valued at $255,000. (Mr. Merker left the meeting at 8:37 p.m.) The respondents who met the qualifications for this property were Sal Campanile, Bruce Kaplan, Rodney Mayo, Tara Sinclair, and Eric Weast, Jason Ficarra, and Kory Patrick, who would make presentations in that order. Mr. Campanile advised his concept for 211 E. Ocean was La Piazetta, which means little square or social gathering space. It would feature wood fire authentic pizza and a full-scale restaurant, open kitchen, and al fresco indoor and outdoor dining with a completely different menu. He would display an oak fired grill for steaks and seafood and they would offer homemade artisanal pastas and fiatbreads. There would be a small stage with controlled sound system and a full bar with craft beer and wine. (Mr. Merker returned at 8:40 p.m. and left the dais again.) 13 focalMeeting Minutes Community Redevelopment Agency Board BoyntomBeach, Florida April 14, 2015 The pointwould be - large oak fired grill. electricalMr. Campanile reiterated he has $1.5 million to dedicate to both projects and thought most of i! would be''used for 211 Ocean Avenue. As soon as approval is given, he would use his r plumbing -, and -, (computer r-• design)of the kitchen and restaurant and a 3-D video would be brought to the Board and City Commission. Christian Prakas reviewed Mr. Kaplan`s offer which was to lease to Three Horns Brewery, and they may request funds to bring the building up to Code. If Three Horns Brewery was unwilling to accept the venture with the local development company, the development company would contact other local businesses, including other CRA applicants to lease the space. If unable to secure a tenant, they would add a wraparound porch to the property, and renovate the indoor and outdoor space to open a hip tapas restaurant and lounge with a full liquor license and an intimate baer garden in the rear of the property. Mr. Kaplan expressed they were willing to give the CRA the first right of refusal if they were to redevelop the property down the road. The offer was $300K. Mr. Prakas explained Mr. Kaplan wanted to be present, and they were again acting as a transactional broker. If Mr. Campanile could not attend, they would have appeared on his behalf too. Tara Sinclair clarified unfair misconceptions circulated about her proposal made it appear she was seeking more than she was. She had distributed a written statement prepared by her CPA to the Board to demonstrate they were financially viable. She was investing as much or more than the other proposers had, but the two differences between her proposal and the others was the amount of assistance she was requesting and the outcome her project would achieve. There was a suggestion her research on construction costs was lacking. Her calculations were conservative. In the study from the CRA in 2013, it was determined the property requires the construction of outbuildings to make proper and full usage of the property. She addressed that through four luxury suites for the bed and breakfast (B&B). Her project costs more because it addressed the actual issues. It incorporates multiple revenue streams including a beer and wine bar, a B&B, and a dynamic event space. She noted 70% of new restaurants in underdeveloped areas, such as the subject location, fail in the first two years. The project gives the local community a place to congregate in a fun, artsy downtown area. Her project provides local non -profits gifted event spaces once a month to create community alliances and outlets for charitable enterprises. The elements are a perfect match to the Boynton Beach Master Plan, Zone 3. The project will create economic spin offs apart from the project. It would hold a number of events each week, including art, social clubs and weddings. Two of the largest travel agencies, Zell and Triple A and one of the largest bridal fashion houses, Alfred 14 Meeting Cornmunity Redevelopiment Agency Board Boynton Beach, Floridar'il 14, 2015 $220,000: because the house was secondary to the use. They want to keep the house as historic as- possible, keeping a 1920s and 1930s lounge theme and bring it up to Code with two restrooms. The tasting room would be in the back with a design to complement the interior. Mr. Hay thought adding a porch and parking may be an issue. The front did not have room for parking, but they could have parking in the back to the north off the alley and primarily rely on City lots since they do not have to add parking due to -the building being historic. If they were wildly successful they would look at an industrial location to manufacture. Vice Chair Casello could see growth happening quickly and being overly successful. He inquired other than tastings, what events they would hold. Mr. Ficarra explained beer festivals are big events, where 30 or 40 breweries participate and event goers have tastings. They can use food truck events, food pairings, and small concerts or shows. Mr. Ficarra explained they invested $200,000. Chair Taylor explained their estimate to bring the building up to Code was $250,000 and those are often low estimates. He asked where the extra cash would come from if it were to cost $300,000 and the wrap around porch was $220,000. Mr. Ficarra explained they tried to obtain a detailed breakdown and got rough estimates, but was willing to take the steps to see if they could do it. Very lengthy discussion followed with all the respondents about each aspect of their proposal. Chair Taylor opened floor for comments. Chris Montague, 222 West Ocean Avenue, asked it the members received his proposal for the music school and learned the members had. He expressed his disappointment with his experience with the CRA. He commented the CRA violated their own rules, deadlines changed, and there were late submittals. As interested as he was, he hoped in the future if doing something like this, the CRA would decide what they want to do and then do it and not waste everyone's time. The realtor advertised leasing a building and there was a for sale sign in its front yard, Vice Chair Casello advised he made a great presentation and he hoped he continued to grow and stay in Boynton Beach. He hoped they could help in the future. Mr. Montague expressed he would stay in Boynton Beach, but he would not want the CRA as his landlord. No one else coming forward, Chair Taylor closed the floor to comments. Attorney Duhy clarified some Board members used the word "award. She explained after selection they would negotiate a contract to come back to the Board for approval. There was final approval that would be needed later. She recommended the Board impose a deadline for the contract negotiations so it would not remain open ended, and Ms. Brooks indicated something could be brought before the Board by the next meeting. Attorney Duhy recommended a motion be made to that effect. Motion Mr. Buchanan so moved for a 30 -day contract negotiation time limit for the 480 property. Mr. _ _ secondedpassed. W Meeting Minutes Community yi Agency pment Boynton Beach, Florida April 14,2011 a. . - .•' _ -A a • • F Chair Taylor liked the bed and breakfast concept and would like to find another location where it could be • - agreed foot traffic was important.were 300 units that wouldbe locationconstructed on Ocean and Federal. Mr. Campanile was highly successful. He fit the order and had the financial backing to succeed. He requested the members assist Ms. Sinclair in finding her a leaningVice Chair Casello agreed with Chair Taylor. He and Mr. Campanile had spoken before and he was towards Mr. Fitzpatrick thanked Mr. PraKas on an excellent choice of proposers. He was disappointed Mr. Mayo withdrew his proposal and thought he held the gold standard of restaurant. He thought Mr. Campanile was a good substitute and was concerned about putting all the eggs in one basket. Mr. Merker thought there was a contradiction. If the Board wanted to help someone, they should postpone the matter. He liked the B&B concept and thought they should delay the decision another 30 days. Mr. McCray liked Ms. Sinclair's project and would like to find her another location. Mr. McCray moved the project be awarded to negotiate a contract to come back to the Board. passed. XIV.e. Business: Mr. Salvatore Campanile with the 30 days to Mr, Hay seconded the motion that unanimously :. • -- ir • . •. _ - .- 1 Mr. Buchanan so moved. Mr. McCray seconded the motion that unanimously passed. C. Consideration of Request from Morgan Boynton Beach, LLC to Change the Entity Name _ WIA4111415TMU Meijia _ RTs r 11 17 PAPA Maps Search Results Detail Owners BOYNTON BEACH CRA Property detail Location 211 E OCEAN AVE MunicipalitV BOYNTON BEACH Parcel No. 08434528030040130 Subdivision BOYNTON TOWN OF IN Book 21.456 Page I Sale Date FEB -2007 710 N FEDERAL HWY Mailing Address BOYNTON BEACH FL 33435 3910 Use Type 2100 - RESTAURANT Total 1736 Square Feet Sales Information ;4les Date Price ., . Layers Print iTiessages &7rAW6MA1Tr,Mz%11h I of I http://www.pbcgov.com/papa/Asps/papagis/papagis.aspx?qvalue=08... 5/1/2015 4.27 PM iiii 1`il 11'111il 111111!211134 2 ■ !. (Section 163.380, This notice is being published to satisfy the procedural requirements for activities to be -undertaken by the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163, Part III, of the Florida Statutes. Pursuant to Section 163.380(3)(a), Florida Statutes, the Boynton Beach Community Redevelopment Agency ("CRX') hereby provides notice of its intent to dispose of a g-arcel of real property pursuant to the approval of Boynton Beach Community Redevelopment Agency Board on May 12, 2015, which parcels are more particularly identified as follows: 0 211 E. Ocean Avenue, Boynton Beach Blvd., FL 33435 Lot 13 & 14, Block 4, ORIGINAL TOWN OF BOYNTON BEACH, according ti the Plat thereof, recorded in Plat Book 1, Page 23, of the Public Records of Palm Beach County, Florida PCN #08-43-45-28-03-004-0130 This intent to dispose of real property serves the public purpose of economic development of the core downtown district according to the Boynton Beach CRA Redevelopment Plan, Boynton Beach CRA Economic Development Plan and the Downtown Vision & Master Plan which can be viewed on the CRA website: www.catghboyntoij.-com 1 1184 IN111161 Al 0010141-TOMMIMM. Rilku 1W.4 N 190, UM1814i Ilf.WA toll zno W01974 MI.J. 9M Wspose Mmavy be 9090. 00427870-1 OCEAN AVENUE CULTURAL CORRIDOR I —#- WM" I0.41 —.— Acv —. E-Mkm gk� fi-l— p.dd. pubft Wh..,A bl... IIR= mfdmadm" OCEAN AVENIM CUUMIRAL CORRIDOR maw, wo -4 At*, III. r 1 -W Pdft o d AW mmmew axRmcoffam ftkw i UAMOM � I "I 1—e,l AvsnuftCulturat 0—nd— A u*W 106wUp, far Doeffin Avenue la propoand ftm Peaomat ScIrd.ynd tax the ffmama, The duabiw of olv. b.Odinas at'Und fit..—t .00 0—an Pro envisioned M part of a new olvo, r„,arnpun anaftoring the week Sarna of th. venti cuautal awr6do, Th. ..at end 6 W-hored by a A W padvelelar, and retail hub which funs is the froatnoteor, the plannod TOO distflat. Nxitel no. `h" P l Nn Me nnlmln�i t--th Plans to an Avenue, and a now IdandA will be miped through BUSaitoping. Evontealiv, MV Facivres Hlithway 4inear Park'WN wroVide s rafght, On the oeftw of 1ho4 ",rfidor, offering Aw&G, 161GUIA, and reareaftnal apphrtunRien, Thv —11- vorridar in onvisioned as R"ord"t-"'a' I ped" fi atflan-lend- ty. Th. propofied LAHay extension vdil provildo . mr—o :draft`bat een fto thio tOwudeg 0... otnTural dibirict ..d the wad—, I VNI OCEAN "ENUE.- CUILIURAL CORRIDOR M SUBJECT: Progress Update on the Purchase and Development Agreements between Ocean Ridge Hospitality Group, LLC and the CRA for 211 E. Ocean Avenue and 480 E. Ocean Avenue Properties SUMMARY: On November 18, 2014, the Board entered into a commercial property listing agreement with Prakas & Co. for the CRA -owned properties at 480 and 211 E. Ocean Avenue with the intent of finding tenants or purchasers that would put active uses into the sites. The Board defined active uses as restaurants and or bars that would be open in the evening to attract pedestrians to Ocean Avenue. At the April 14,' 2015 CRA Board meeting, after listening to presentations the Board selected Sal Campanile to begin negotiations for the purchase both properties. In order to prepare for negotiations, CRA staff ordered updated appraisals of both properties. 480 E. Ocean appraised at $335,000 and 211 E. Ocean appraised at $255,000. CRA staff and legal counsel met with Mr. Campanile on April 23rd to discuss the potential terms of the Purchase and Development Agreements. The following are the highlights of the Agreements to date: Purchase Price — 480 E. Ocean $335,000, 211 E. Ocean $255,000 Total - $580,000 Purchasing Entity Name - Ocean Ridge Hospitality Group, LLC. Development timeline (still working on — to be determined by the design) Reverter Agreement — if the Purchaser fails to comply with the terms of the Agreement in a timely manner without cause, the Property will revert back to the CRA • Deposit - A ten percent purchase deposit will be required at the time of execution of the Agreements. • First Right of Refusal- the Purchaser shall offer the CRA the right to purchase the Property in the event he receives a valid purchase offer. Per Chapter 183 Part III of the Florida Statutes the CRA must issue a 30 day Notice of Intent to Dispose of Real Property (under Public Hearing portion of tonight's agenda) in order to enter into a Purchase and Development Agreement to sell both properties. The 30 day time frame will run out on June 13, 2015. The CRA Board can approve the Purchase and Development Agreements at the June 9, 2015 Board meeting subject to execution not occurring prior to June 13, 2015. FISCAL IMPACT: The CRA will receive $580,000 at the closing of the properties. The CRA will pay Mr. Campanile $200,000 towards the build -out of 211 to be paid out in four installments over the term of the build -out. This funding is in the budget for this purpose. Additionally, Mr. Campanile may avail himself of the CRA Economic Development Grants for each property depending on the level of build -out he decides to do. PROJECT:. PROGRAM OR Downtown Vision and Master Plan r ks .- ;ive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSIComplated Agenda Item Request Forms by Meeting\FY 2014 - 2015 Board Meetings\May 20151Progress Update on 480 & 211.doox M A BOARD MEETING OF: May12,2015 Consent ad: I X I Old Business I I New Business I I Legal I I InformationOnly Other SUBJECT: Consideration of Contract to Purchase Vacant Lot from Palm Beach County School District in the Amount of $12,500 for the Model Block Project SUMMARY: At the January 13, 2015 Board meeting, the CRA Board approved a Letter of Interest to purchase property in the amount of $12,500 in the Model Block from the School District of Palm Beach County (see attached Minutes). The letter and background information were sent to the School District. The School District has produced the attached Sale and Purchase Agreement and Special Warranty Deed. The property, if purchased by the CRA, will be turned over the to the City to be used for an access road from NW 11th Avenue to NW 15t Street to prevent backups along Seacrest from drop-off and pick-up at Poinciana Elementary School (See Attached Concept Drawing). FISCAL IMPACT: $12,500 plus closing costs from FY 14115 line item 02-58200-401 CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan Update RECO NDATIONSIOPTIONS: Approve the Executive Director's execution of the Purchase Agreement between the CRA and the School District of Palm Beach County in the amount of $12,500. IZ/A4IIS BrooksVivian L. Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\FY 2414 - 2015 Board MeetingsWay 20151Purchase from School Board for Model Block.docx Susan Aarris, Finance Director, advised the Board had the audit results in tt7e meeting materials. She announced the CRA is in a very strong financial poson. They have net assets of $13.8 mon, which exceeds their liabes. They have had six consecutive years of no audit findings, cash sufficient to meet bond reserves and ongoing capital projects, and sufficient working capital. Audit Partner Re Tandoc was present to give a report. Chair Taylor congratulated staff on an outstanding job and commented no report was needed as he already reviewed the document. Motion Mr. McCray moved to accept the Audit Report. Mr. Hay seconded the motion that unanimously passed. B. Consideration of Transferring CRA Property 137 West Martin Luther King, Jr. Blvd, to the City as Part of the Model Block Project Motion Mr. Mcry so moved. Mr. Fitzpatrick seconded the motion. Mr. Hay saw improvements being made at the property the other day. Ms. Brooks clarified the property was across the street. The motion unanimously passed. C. Consideration of Purchase Offer to the School District of PBG for Property Located at 1204 Is' Street in the Amount of $12,500 for the Model Bkxk Project Motion Mr. Mcry moved to approve. Mr. Hay seconded the motilon. Mr. Fitzpatrick inquired what the CRA paid for the lot. Ms. Brooks explained the CRA did not purchase the lot. This item was a purchase offer to the School District. The motion unanimously passed. D. Consideration of Invitation to Bid for Reconstruction of City Entry Signage Features W-1 I . ...... . .. � � ( f, I . ...... . .. � � ( I I a LA 0 0 > 4A C CL QJ cn tA LA 4 E. CL x uj q) 2 V) r- Ln N Q py, N � cnv i D � u LL co cu V Y Q U V' LU 0 m j Z m o LU C) Z O o� m i ll } Uwu. if[1�1 ov }if �ftl 14 �AYj11lAl. t � 3: + k ,�-� J tiI ltJtt S�)+�� ` 'l - K)� ,kkt - ■ + „+ off i 44, W t i E) �1 � ai ��lII'iil�;1`13'7,, tilii c �� `I4ty 1 #1 I" 1 } ,J 1 kkkkkk - - i; 3 1 3�t C� { sl t �f h i K'}1 ( t4 i� 1 ,�l��i t 'li �t1it11 t 1 i k ,r h�`;1t'i� i1} p, 111 �1i 1 m t� , �n,u tl �»Il 1{ { '1"`��� � t t to }� s r It L t i jiYil l>Zf t �';�411 �iiti g 'N -i- lrv� II T' t a S EFS ENT FOR SALE AND PURCHASE THIS AGREEMENT FOR SALE AND PLJRC14ASE ("Agreement") is made mi entered into 2015 by and between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a Florida public body corporate and politic created pursuant to Section 163.356 F.S. (hereinafter referred to as "Buyer" or and the SCHOOL BOARD OF PALM BEACH COUNTY, FLORIDA, a corporate body politic pursuant to the Constitution of the State of Florida (hereinafter referred to as "Seller" or "School Board"). 1. AGREEMENT TO SELL: Seller hereby agrees to sell and Buyer agrees to Durchase in accordance with this Aereement all that certain real ro e to etherada � 11H. - - - . L114 �g 1 6, 1 - 0 9 0 4 M% 0 1F4TQ*y 1:8 C11 W31 1 2, PURCHASE PRICE: The purchase price shall be twelve thousand five hundred and no/100 Dollars ($12,500) for the Property. 3. CLOSING: This Agreement shall be closed and the deed and possession shall be on or before August 14, 2015; unless extended by other provisions of this Agreement. The following are additional details of closing: A. Time and Place: The Closing will be held at the office of the School Board Planning and Intergovernmental R,;;Lpx 040-01 am North, Suite 200, Riviera Beach, FL 33404, at a time to be mutually agreed upon by the Seller and the Buyer. B. Conveyance: At closing, the Seller will deliver to the. Buyer a fully executed Special Warranty Deed substantially in accordance with Exhibit conveying the Property and any improvements in its "AS IS CONDITION", without warranties or representations of any kind whatsoever. C. Payment of Purchase Price: On the Closing date, Buyer shall pay the total amount of the Purchase Price of the Pr(yke! ect to anpi a&ustments credits, and prorations as herein provided, by wire transfer. D. Expenses: The Buyer shall pay all costs of closing, including recording. costs and documentarystamp-��q �-and-any-oflier-e,�-QnksW with this sale. E. Documents for Closin& The Buyer shall prepare the deed, and the closing statement and s prior to scheduled closing date. F. Evidence of Title: Buyer may obtain a title commitment proposing to insure Buyer's title to the Property upon the recording of the deed from Seller. All costs associated with the title search and all title policy premiums shall be paid by Buyer. The obligations set forth in this Section shall survive closing. 4. REAL ESTATE AXES, EASEMENTS. RESTRICTIONS AND ENCUMBRANCES: The Seller is exempt from real estate taxes therefore there shall be no proration of real estate taxes at closing. The Buyer agrees to take title to the Property 9MUM rg- - di QTUIALVION, I-LIULML11111S bwt ItUICY NIULL01-5 111 rOCIUL, LLQIJ-ULIIJ; MUM; ri substantially in the fonn attached hereto as Exhibit "B". CONDITION: The Buyer acknowledges that it has in.9 - o'ected the Pro�,; �--rd-agrees to that the Seller has not made and is not making any warranties or representations whatsoever relating to the Property, including, but not limited to those relating to its value, the environmental condition of the Property, the physical condition of the Property, any improvements located thereon, or the suitability of the Property for any intended use or the legal ability of Buyer to use the Property for its intended use. Without in anv wav limitin the geilil i3iL of t%--irece M V- kk J -T2 "tw w might hav� had or lytay have against the Seller with respect to this transaction or the Property, including without limitation, its value, suitability, zoning, or its environmental or physical condition either patent or latent. B. Radon Gas: Radon is a naturally occurring radioactive gas that, 1) 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 and radon testing may be obtained from your county public health unit. 6. RISK OF LOSS: Buyer assumes all -risk of loss with respect to the Property from and after the date of execution of this Agreement by the Buyer, 7. DEFAULT: If the Buyer fails to perform any covenants or obligation of this Agreement Seller shall have the right to bring an action against Bu"���,,ecific Performance. If Seller fails to perforni any covenants or obligation of this Agreement, Buyer shall have the right to bring an action for Specific Performance. The foregoing shall constitute the sole and exclusive remedies of the parties hereto. 8. SUCCESSORS: Upon execution of this Agreement by the Buyer, this Agreement shall be binding upon and inure to the benefit of the Buyer, its successors or assigns. Upon approval of this Agreement by the Seller, its successors and assigns will be similarly bound. All *_ronouns and variations thereof shall be construed so ay- Oo-reMr- to the masculine feminine -neuter sin - ular or i-clural thereof�. as the identittp of the icerson or persons or as the situation may require. 9. RECORDING: In no event shall this Agreement or any Memorandum I 0 bLIAL FVWKUdLLU11 VU ULL0111PUZU FUS,;u1FVRL13H NY111A MENEM= a ZkUfffu-R--u7M-er—MistigrCCIllcilL by the party responsible for such recordation or attempted recordation. 10. ASSIGNNMNT: This Agreement may not be assigned by the Buyer, without Sellef s written consent, which may be granted or withheld by Seller in its sole and absolute discretion, 11. TIME OF THE ESSENCE. Time is of the essence in the performance of this Agreement. 12. AMENDMENTS: This Agreement contains the entire understanding and agreement of the parties with respect to the subject matter hereof. No amendment will be effective except in writing signed by all parties. Iff--awmi 13. SURVIVAL: The covenants of this Agreement wilt survive delivery and recording of the deed and possession of the property. 14. NOTICES: All notices, requests, demands and other communication prepaid to the following addresses or to such other addresses as shall be furnished in writing by either party to the other. All such notices shall be effective upon receipt, or the date which the postal authorities designate the notice as undeliverable as evidenced by the return receipt. If to Buyer: Executive Director of Boynton Beach Community Redevelopment Agency 710 N Federal Highway Boynton Beach, FL 33444 If to Seller: Director of Planning and Intergovernmental Relations School Board of Palm Beach County, Florida 3661 Interstate Parkway North, Suite 200 Riviera Beach, FL 33404 With copy to: General Counsel P.O. Box 19239 West Palm Beach, FL 33416 A. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Florida. The parties agree that any controversies or leial 1utes ansini out of this Weement and anv action invotvinz the enforcement i 004M mAIIJI I MI I im v1*11 woll III Blimp, rag 1 shall not be construed more strongi-rpr.!gainkAu;warty,=ardless of who was resvonsible for its preparation or drafting. B. EACH OF THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES THE RIGHT EITHER OF THEM MAY HAVE TO A TRIAL BY RJRY IN RESPECT OF ANY LITIGATION MASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH 1aS 1G',1a.EE1rE1JT. C. If any provision of this Agreement as applied to either party or to any circumstance shall be adjudged by a court of competent jurisdiction to be void or unenforceable for any reason, the same shall in no way affect, to the maximum extent [!ermissible by law, any other provision of this Agreement, the application of any such [�rovision under circumstances different from those adjudicated by the court, or the validity or enforceability of this Agreement as a whole. -C� J, "YMNSM 11 110914 M0111111 I W 1 01 , I I I I -40M�AVAI RIM 14 M) INIF 1414 KXOMAMIN111 SM21 L7�710%101 17. IMAD]NGS: The paragraph headings or captions appearing in this Agreement are for convenience only and are not to be considered in interpreting thi� Agreement. IN�AON97-Alt4M Ilk; M-Flaum IN WITNESS WHERE(F, the parties have caused this Agreement to executed in their respective names on the dates set forth below. i BEACH COUNTY, FLORIDA, N111 Pf I it, I I Lei 0 1 neaJ0711U.N.) 0 41 #0P... By: Chuck Shaw, Chairman APPROVED AS TO FORM: By: E, Wayne Gent, Superintendent mm��� KIVIrl *19 9 Lo By: Boynton Beach Community Date: t'.11,6131tA My: Vivian L. Brooks, Executive Director AND CONDITIONS ILM ff I I This instrument prepared by Blair LitHeJohn School Board of Palm Beach County, F1 P.O. Box 19239 West Palm Beach, FL 33416 After recording, returned to: THIS SPECIAL WARRANTY DEED, is made and given this _ day of .2015, by THE SCHOOL BOARD OF PALM BEACH COUNTY, FLORIDA, a corporate body politic, having an address of 3661 Interstate Park Road North, Rivera Beach, Florida 33404, Attention: Director of Real Estate Services (the "Grantor"), to and in favor of THE CITY OF BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, whose address is 710 N Federal Highway Boynton Beach, Florida 33435 (the 'Grantee"). GRANTOR, for and in consideration of Ten and No/1 00 ($10.00) Dollars and other good ani valuable consideration paid by Grantee, the receipt and sufficiency of which are hereby acknowledged, has granted, bargained and sold, and by these presents does hereby grant, bargain and sell, to Grantee, and Grantee's heirs, successors and assigns forever, the following property situate, lying and being ir Palm Beach County, Florida (the "Property"), to -wit: THIS CONVEYANCE is subject to: (a) taxes and assessments for the year 2015 and subsequenl, years not yet due or payable; (b) all laws, ordinances, regulations, restrictions, prohibitions and other requirements imposed by govemmental authority, including, but not limited to, all applicable building, zoning, land use and environmental ordinances and regulations; and (c) easements, conditions, restrictions, matters, limitabons. and reservations of record, if any, but this reference shall not operate to reimpose any of the same; and (d) matters which would be disclosed by an accurate survey of th-- Property. GRANTOR hereby warrants the title to the Property, subject to the foregoing matters, and will defend the same against the lawful claims of all persons claiming by, through or under Grantor and no others. (signature follows on next page] This deed is exempt from documentary stamp taxes pursuant to Rule 12B-4.014(10), Florida Administrative Code. written. Signed and delivered in the presence of: ATTEST: 0 E. Wayne Gent, Superintendent School Board Attorney STATE OF FLORIDA } } S: COUNTY OF PALM BEACH } 0 1� . - Chuck Shaw, Chairman 1 HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, the foregoing instrument was acknowledged before me by Chuck Shaw and E. Wayne Gent, as Chairman and Superintendent, respectively, of The School Board of Palm Beach County, Florida, a corporate body politic, freely and voluntarily on behalf of said corporate body politic. They are personally known to me. WITNESS my hand and official seal in the County and State last aforesaid this _______ day of ,201& This deed is exempt from documentary stamp taxes pursuant to Rule 12B-4.014(10), Florida Administrative Code. A BOA" MEETING May 12,2016 Consent , e A 'e„, 4g Information Only Other SUBJECT: Appraisal Report for the Ocean Breeze East Site S Y: At the April 14, 2015 CRA Board meeting, the Board moved to formerly terminate negotiations with HH Holdings for the Ocean Breeze Site. The CRA Director recommended that the property be reappraised under the new zoning density allowed under the Heart of Boynton CRA Plan Update and list the property on LoopNet.com a commercial property listing site. The appraised value is $1,530,000. If the Board directs, staff will post the property on LoopNet at the appraised value to get interest from qualified multi -family developers. Staff will negotiate term sheets to bring to the Board for discussion. CRA LAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan Update RECOMMENIDATIONS/OPTIONS: Direct staff to list the property on LoopNet at the appraised value and negotiate with interested parties. Vivian L. Brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglFY 2014 -2015 Board MeetingsWlay 20151Ocean Breeze East Appralsal.dom I r 0 E > L �7n z n 0 -C O Ul) o V U) -u 0 —W L 0 u CF) < < V) 0 10 Ln 4� e) 41). o ul) 42). Of Z <e.0 LL. U0 co 0 Ln 4-J zZ 0 41 Jv Lf) C-4 LO Z 0 AIR C3 U , : CL ED u 1 00 1 0 0 -C vii 0 LLJ 4U LLJ L2 -ncJ CL 4) u 00 r- X E LU LL, LU se 4-J 0 0) 41 0 0- M Q co > 0 LU 0 4J rn0 C o 0 4, ^ fn < P U - 2 Z LU L) 41 0 OL -C E E id Ln WB 0 u z D 4(9 r. I u " _j L� 0 �4 u -2 E :3 '0 W% U- N MA, 9 me m L -C O Ul) o V 9 0 2:- E L A5 < < V) 0 co Ln 4� e) 41). o 42). Of Z <e.0 LL. 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C cy u 0 C: co 0 or. cr -2 CD 0 0 u a u 0-2 0 u _n E 0 2 0 C c 0 -V u CL OL CL o u 0 0 a) 6-�L c c U -C Co u o 2 ow < E mo— _j U- :3 —J 0 Ln —j U mac®_j Lu r- U 0 U > -C _a -C U -C 2 o 0 2-2 6 , c u 0 a o u ii C 0 o nL C Ln , :3 S 00 u =1 w 6 .--a U �R w a- , ED a -j 0 w co u c fn E -2r U U CL Lu r- z 0 0 o N 0 0 0 -L-C : C) b 0 z 0 07 10 c — — E 49 r C c u v t; '36 0 -0 a 0 -0 0 a LE E 0 0 0 0 0 � 4) 0 0 0 0 C >, C 0 03 0 ca u 0 a cn -C o o S� 41 W a C3,6 co 3 LLI co 7- -2 zl� I I CL D C3 . tl a3 S in ca I + . ala # '.! 1619 I T , - T* -.11114l 19 F--1 _111plum APRIL 30, 2015 APPRAISERS & CONSULTANTS May 7, 2015 BrooksMs. Vivian The Boynton 1 N. Federal Hwy Boynton Beach, Appraisal operty Multifamily Residential Land Ocean Breeze 0 0 N. Seacrest :o • •, 334 (Appraiser *9 .MC], As you requested, we made the necessary investigation and analysis to form an opinion of value for the above referenced real property. This report is an appraisal of the property. To assist Boynton Beach CRA in making business decisions regarding this property, this appraisal provides an estimate of market value for the fee simple interest in the subject real property in its "as is" condition. This report is written in APPRAISAL REPORT format, and supporting documentation concerning the data, reasoning, and analyses is retained in the appraisal file. This appraisal assignment and report have been prepared in accordance with requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) developed by the Appraisal Standards Board of the Appraisal Foundation, with the appraisal requirements of Title XI of the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), with the Interagency Appraisal and Evaluation Guidelines of 2010, with the Appraisal Institute's Code of Professional Ethics and Standards of Professional Appraisal Practice, and with requirements of the State of Florida for state -certified general real estate appraisers. The subject consists of two contiguous parcels located at the southeast corner of N. Seacrest Boulevard and NE 7th Avenue, north of Boynton Beach Boulevard within the City Limits of Boynton Beach, Palm Beach County, Florida. The subject parcels are rectangular -shaped vacant parcels with a total of 191,382 square feet (SF) or 4.39 acres. The northern portion of the site is subdivided into 12 lots and the southern portion of the site has not been subdivided. The owner has plans to file a request to have the current zoned density of 10.8 unit per acre increased to 40.0 units per acre, after which the owner plans to sell the property to a developer. The site is zoned for single- and multiple -family development. 56jL-998-9326, FAX 561-241-4759 Ms. Vivian Brooks May 7, 2015 The subject's zoning district currently permits the development of 10.8 dwelling units (DU) per acre, or 47 units. The client requested we provide an estimate of market value as if the subject's zoning permitted 40.0 DU per acre. We have appraised the subject property under the hypothetical condition that the subject can be developed with 40.0 DU per acre, or a total of 176 units. According to the City of Boynton Beach Utilities Department, the water and sewer capacity appear to be adequate for 40.0 DU per acre but the adequacy would depend on the type of development to be determined by a potential developer. We make the extraordinary assumption the water and sewer capacity are adequate to support the development of 40.0 DU per acre. After careful and thorough investigation and analysis, we estimate market value for the fee simple interest in the subject real property in its "as is" condition, subject to assumptions and contingent and limiting conditions as well as any extraordinary assumptions and hypothetical conditions, as explained in this report, as of April 30, 2015, is: fIlE•- • DOLLARS 0i0 Aucamp Dellenback & Whitney has performed services concerning this property during the past three years. We appraised this property in April 2014. Thank you for this opportunity to assist in meeting your appraisal needs. Respectfully submitted, F-111111164116 .1ATA481111111111C 3 File -0589 1 Title Page Letter of Transmittal 4 Table of Contents Description of Important Facts and Conclusions 7 Location Map 8 Subject Photographs 10 Scope of Work 13 Neighborhood 16 Market 18 Subject Property 22 Highest and Best Use 22 Valuation Process 23 Sales Comparison Approach 42 Reconciliation and Final Value Conclusion 42 Normal Marketing Period and Reasonable Exposure Time 43 Certification 45 Contingent and Limiting Conditions 48 Hypothetical Conditions and Extraordinary Assumptions 49 Definitions 52 Engagement Letter 54 Appraiser Qualifications and Licenses AUCAMP9 DELLENRACK & WHITNEY4 File 41 &0589 DESCRIPTION T REPORT TYPE Appraisal report PROPERTYTYPE Multifamily residential land LOCATION 700 N. SeacrestBoulevard, Boynton Beach, REPORT DATE May 7, 2015 VALUATION DATE April 30, 2015, for "as is" condition PROPERTY RIGHTS Fee simple interest USER AND USE To assist Boynton Beach CRA in making business decisions IMPROVEMENTS None OCCUPANCY Vacant ZONING Multifamily District (R-3) by the City of Boynton Beach CENSUS TRACT 61.00 FLOOD ZONE C, flood insurance is typically not required in this zone HIGHEST AND BEST . As Vacant: Immediate development of workforce/affordable housing or hold for future development of a multifamily project consistent with market demand and financial feasibility As Improved: Not applicable U-1 II[W Market Value Cost Approach applicable ApproachSales Comparison 0f ConclusionIncome Capitalization Approach Not applicable ELLS File #15-0589 �M i i1i ii]1111r, HJ�� NORMAL MARKETING PERIOD 18 months or less REASONABLE EXPOSURE TIME 18 months or less OVERVIEW The subject is an attractive property for a local investor and/or developer. The sales comparison approach provides the only indication of market value. AUCAMP, DELLENBACK & WHITNEY 6 File #15-0689 „'r C LJka Placid Arcadia 41 V" w tie park CsfIis' r La BOND Alva North Fort `hayers Fort Myers Lehh Aver ape Coral I II[14u,ydw 178 Okeechobee Buckhead ardgh; Beleginls l.E. 0 I. Pori'st Lucie Swart F 5 SPLucii:a��! 1: Hobe Sat Indiantolm R P, is `; ,`' 1�7ma pr IML, RoyalOdle Made Palm Reach Wellington ra rM�r File #15-0589 :w a .S. mmokal Ifl�4isFwve`ra t`tanr 4 rE lVAL Borib Springs Big cypra, m Coraly Taac Sa j_.� x7.. Piar Naples St "A mvcu .uL:eo, T ft c r b a $i.. MAWW4 Coaper city E§aEvargWIm trf Ei'si ,#' yvrgre� H E Marco Big rywagfyai.Wd p&T9Xww-evil iY 5 Irs7 ialt fL I T 1 Tfitll 1 ` G: I ,�Coral IC�oiidall Ian, Cu4 Rldre l az ra rM�r File #15-0589 Bird's eye view of subject (outlined) ! SUBJECT PHOTOGRAPHS (continued) Facing southeast from northwest comer of the site Facing west from east side of the site %so M.- 1113,14411RIMID] 01"AMIT, WITIFI�ll"WiN"Y"FF""V-iLNIM Purpose: To estimate market value in "as is" condition Intended User: Boynton Beach CRA ReportIntended Use: To assist in making business decisiorZ7 o Appraisal Inspection Date: April 30, 2015 Effective Date: April 30, 2015, for "as is" condition Report Date: May 7, 2015 Competency Rule: We had the knowledge and experience necessary to complete this assignment competently at the time of its acceptance Definitions: Shown in the addendum of this report Hypothetical Conditions: The subject can be developed with 40.0 DU per acre, or a total of 176 units Extraordinary Assumptions: The water and sewer capacity are adequate to support the development of 40.0 DU per acre Valuation Approaches: The sales comparison approach provides an estimate of market value based on an analysis of comparable property sales Other: Mark Worch made a visual inspection of the readily accessible site. Mark Worch spent 16 hours working on this assignment, performed the research and analysis as well as wrote this appraisal report under the direct supervision of Douglas Whitney who reviewed this report and also inspected the property Address: 700 N. Boulevard, i • • County,Florida County,Location: At the southeast corner of N. Seacrest Boulevard and NE 74h Avenue, north of Boynton Beach Boulevard within the City Limits of Boynton Beach, Palm Beach • ��( • &WHITNEY 10 File #15-0589 SCOPE OF WORK (continued) Legal Description: Shown on the following page (source: Surrey) Current Owner: Boynton Beach Community Redevelopment Agency (source: Warranty Deed, Book 21761, Page 0638, and Palm Beach County Property Appraiser's records) Ownership History: No arm's-length transactions have been recorded involving the subject property in the previous three years. The property was last purchased in May 2007 for $6,500,000 (Warranty Deed and Palm Beach County Property Appraiser's records) Items Received: The owner provided a Boundary Survey dated October 20, 2005, by O'Brien, Suiter & O'Brien, Inc., during a previous assignment in April 2014 Data Sources: CoStar Realty (subscription service), LoopNet.com (subscription service), Multiple Listing Service (subscription service), PwC Real Estate Investor Survey (subscription service), published reports from national brokerage firms, RealQuest (subscription service), Site -To -Do -Business (subscription service), Floodmaps.com (subscription service), RealtyRates.com (subscription service), Marshall Valuation Service (subscription service), local county property appraiser's records (public records), Circuit Court recordings (public records), and appraisal files in this office Types of Data: Multifamily residential land sales and listings as well as apartment rental rates and prices Geographic Area: Primary: Boynton Beach. Secondary: Palm Beach County and Broward County. Tertiary: South Florida Verification: Sales were verified by a party to each transaction, unless otherwise noted AUCAMPI DELLENBACK11 File #15-0589 SCOPE OF WORK (continued) 1140-3M97:'T4q:7[Tii C+l l Lots 1 through 12, inclusive, Block 1, Palm Beach Country Club Estates, according to the Plat thereof, as recorded in Plat Book 11, Page 43, Public records of Palm Beach County, Florida, and the South half (S.112) of the East half (E.112) of Lot 2, Subdivision of the West half (W.112) of the Southeast quadrant (S.E.114) of Section 21, Township 45 South, Range 43 East, according to the plat thereof as recorded in Plat Book 1, Page 4, Public Records of Palm Beach County, Florida less the South 125 feet, thereof and less the right of way for Seacrest Boulevard as shown on the road Plat Book 5, Page 182, Public Records of Palm Beach County, Florida. DELLENBACK & IVMITNEY 12 File#15-0589 The subject neighborhood is the area bounded by the Boynton Beach Canal to the north, Woolbright Road to the south, Interstate -95 (1-95) to the west, and the FEC Railroad to the east. The neighborhood is currently about 70% built -out and in a stability phase of a typical neighborhood life cycle. The subject neighborhood has good transportation links. Boynton Beach Boulevard is an east - west arterial road with linkage to 1-95 and the Florida Turnpike. Woolbright Road is an east -west arterial road in Boynton Beach. N. Seacrest Boulevard is a north -south collector road in Boynton Beach. Martin Luther King Jr. Boulevard is an east -west collector road. Uses within subject neighborhood include religious facilities, a child care facility, single -unit homes, and several undeveloped parcels. Development within the neighborhood was generally built between the 1940s through the 1950s, and some single -unit homes have been developed within the past 10 years. Properties are generally maintained in fair to average condition. Habitat for Humanity has been active in building homes in the neighborhood, especially in a few blocks called Ocean Breeze West. Habitat for Humanity is a nonprofit organization that builds houses in lower income areas throughout the country. This concentration of homes is a new project located west of the subject, across N. Seacrest Boulevard. Several properties in the neighborhood are improved with buildings that are nearing the end of their economic lives, or are under-utilized by existing buildings; they are candidates for redevelopment once local market conditions improve. The neighborhood also has many lots where older improvements have been razed, but redevelopment of these sites has not been occurring, except for some Habitat for Humanity homes. Most of the residential uses in the immediate area consist of single -unit homes and duplex properties with recent sale prices generally ranging from $60,000 to $175,000, per MLS. A search for condominium and townhome units constructed during the past 10 years resulted in recent sale prices generally ranging from $65,000 to $200,000. Real estate prices for residential properties appear to have been increasing in the subject neighborhood during the past year. A representative of the subject's owner indicated potential monthly rental rates for a future multifamily project on the subject site would generally range from $1.50 to $1.601SF, or about $1.551SF. Based on an average unit size of 900 SF, 5.0% for vacancy and collection loss, a 45.0% operating expense ratio, and a capitalization rate of 7.5%, end unit values within a future rental project would be about $117,000. Demographic data within a 1 -mile, 3 -mile, and 5 -mile radius of the subject property, as well as the city, county, and state are summarized in the chart on the following page. The data suggest that median home value, median household income and percentage of owner occupied units are lower within a 1 -mile radius of the subject property than in the outer lying areas. As shown from the chart, the area surrounding the subject appears to be a low income family area. AITCA I� :C.. & VMITNEV 1 i111 1-0589 DEMOGRAPHICS Source: SSRI, 2014 figures IVwawl�� Item 1 Mile 3 Mile 5 Mileton Bch PB CountyFlorida � Population 15,323 84,321 184,367 71,456 1,352,818 19,383,475 Projected Ann. Rate ('14 -'19) 1.73% 1.18% 0.96% 1.34% 1.01% 1.06% Median HH Income $35,653 $42,031 $45,098 $41,523 $51,489 $45,645 Households (HH) 5,655 36,182 79,124 30,493 555,031 7,636,053 Average HH Size 2.69 2.30 2.31 2.31 2.40 2.48 SUBJECT Median Age 39.2 43.4 45.9 43.1 44.7 41.7 Owner Occupied Units 43.8% 48.0% 53.4% 50.2% 55.2% 52.4% Median Home Value $115,375 $136,812 $159,119 $138,625 $198,627 $162,471 IVwawl�� D S PEN rfiSULP Clrlaus PAPA V i � ._.. m BovNtrbN RiDee r' iTRLE - II ay6iwf lawNPl€3�P A�' I... SANDPIPEA COVE PRESikWF T BOVWON',i- . ��+Pfa sel [ 6Y bW D,RktE i2 as. COMMONS i °E .30mrm SUBJECT �� fig+ ki r�irr!Esz,Nr., � y fn CLUB a' F '• 9 P rh146 ihGk€."I i5La P 9C tN � S-JNNY,4ME ESTVU, AiA i va f k #; _ aA CasP LAUREL WILLS ��:.R , liivrratir -+I t .-c am E E@ Cm -Larf'r ssf�u+�rnrr,TaTaB�c�l6� �tEtHT,' " ` i( ocean rn � P'J:Kf"a I R f ELS COW r %ta:NiNAVEN .Lep tte�itY: j; .l n ' B"RS P.� ®' §Az3 F R L awFWY iza�wa4 TES r c ' ' It`v1it NAC `. 'iHarwh If i pw't,k t.9a.e0i.R t211 i.` LAS AINFANA5LmmIJwE'atW SF CCc SED€ FC. 1 I Esrn,Es _ Ql3A(L RWeR.. At Rd ? -- , i w wb9lbright Rd Sb''m i tc� Sw n• , . pid ", r-untev Ckh OFFICE tp � � sit QUAIL FUN 123rd SW I�*CIIATIF:0.4siG* I H:a°'-.}3 Pf.NWT 4 iftYFfi! fN• `aie;T, 6. Ln ;� P", Ct.LS ClteCLE C ff w Cub of 4-mea4m :w E,_3�E57"LLS : x5IIrc5"E.S Id y fiLAX-CASITAS i Aw1.AY.N1HN f'Rds EE..STAMS; NY t FSVAnfCIA 3L•4t�t�sY'�EneC!¢i vfL m.a La Lkm- iP AT F i• CY "C q��� °; y9 Missinu HILL SNCWA�r°v'nTEasrL,e 4 C .g' VfL18GL NAIA ) r AUCAMP, File #15-0589 NEIGHBORHOOD File #15-0589 • - � - .,• _ __ . � ••- 411 •- -•- _ . SOUTH FLORIDA RESIDENTIAL LAND SALES Source: CoStar Realty [as Mean Levels Median Levels Year 0 Volume $/Sale Acres % Acres $f •1. 2006 200 $1,130,430,902 $5,652,155 - $9.02 - $43.78 - 120 15 2007 43 $298,892,752 $6,950,994 - $10.70 19% - $17.22 -61% 215 6 2008 59 $300,073,153 $5,085,986 - $2.83 -74% $8.03 -53% 276 8 2009 56 $149,267,200 $2,665,486 - $3.43 21% - $6.88 -14% 308 8 2010 87 $286,443,967 $3,292,459 - $3.82 11% $6.06 -12% 169 9 2011 133 $352,924,113 $2,653,565 - $4.35 14% - $6.63 9% 224 25 2012 136 $487,235,504 $3,582,614 - $9.22112% - $9.22 39% 386 37 2013 174 $718,511,741 $4,129,378 33.76 $2.81 -70% 3.74 $7.56 -18% 293 65 2014 191 $870,663,376 $4,558,447 7.32 $14.31 409% 1.30 $13.45 78% 418 66 Listings 226 $579,909,048 $2,565,969 8.11 $7.27 - 1.42 $14.33 - 554 225 DOM =days -on -market and DOM# =number of DOM sates. Primarily due to the wide assortment of properties, including physical and financial characteristics, incorporated within the data, the median levels are more indicative of the overall market trends. The downturn in retail prices of residential units sent demand for residential land into a sharp decline during 2006 through 2009. Median prices during 2011 and 2012 show significant increases. The quantity and volume have also shown resurgence during the past several years. Mean and median prices during 2013 declined since 2012 as a spate of low- priced land sales occurred, but overall, prices have increased during the past few years; total number of sales and sales volume increased in 2013 and 2014. The market currently has an excessive quantity of listed product. The sales comparison approach in this appraisal report shows recent and current sales of residential properties ranging in size from 34,848 to 380,237 SF with unadjusted prices ranging from $2.79 to $7.60/SF and $11,036 to $21,324/unit.; these prices are at the low end of the overall market. 16 File 15-0589 MARKET (continued) After several years with minimal development, multiple residential projects are currently proposed or under construction. These projects are typically limited to primary and select secondary locations with favorable economic demographics. Additionally, several tertiary sites are proposed or under construction with subsidized affordable housing projects; furthermore, the application process for affordable housing subsidies typically requires an extended amount of time and the likelihood of approval is speculative. The subject's neighborhood has new construction limited to Habitat for Humanity homes. The neighborhood has not attracted other new development. Residential land sales within the subject's local market, east of 1-95, are limited to a few lot sales. Overall, prices are low and demand by developers/builders has been weak. Overall, the residential land market had experienced sharp declines during the mid -2000s; however, demand for residential land has shown resurgence during the past couple of years. Market participants indicate increased interest from prospective buyers for primary as well as select secondary locations. However, demand for properties within tertiary areas, such as the subject, has not exhibited a similar increase, except for projects with government subsidies. Furthermore, while prices for properties within primary as well as select secondary locations have shown substantial appreciation, prices for tertiary locations have displayed modest to no appreciation. AUCAMP, DELLENBACK & vvHrrNEY'i File #15-0589 Adjacent Uses: North: Vacant residential land and religious facility across NE 7t' Avenue South: Multiple -unit buildings East: Single -unit homes across NE 1st Street West: Vacant residential land across N. Seacrest Boulevard Size: 191,382 SF or 4.39 acres (source: survey) Shape: Rectangular Dimensions: 592' average frontage by 249' average depth Frontage: Along paved, public, four -lane, curbed median -divided N. Seacrest Boulevard (ADT: 11,566), along paved, public, two-lane NE 7th Avenue, and along paved, public, two-lane NE 1st Street; subject benefits from median break along N. Seacrest Boulevard Topography: Generally flat and slightly above street grade Vegetation: Some trees and grass Soils: No soils analysis report available; soils appear to be sandy soils typical of the area; we assume the site has no adverse conditions Hazards: No environmental site assessment report available; we assume the site has no adverse environmental conditions Utilities: Public water and sewer service, and electricity and communication services Easements: The survey did not list any adverse easements; no adverse easements appear to unusually restrict development. The northern portion of the site has an east - west FP&I_ easement which can likely be relocated Encroachments: The survey did not list any encroachments; we assume the site has no encroachments Census: 61.00 (source: floodmaps.com) Flood Zone: C, Community 120196, Panel 0004-C, dated 0912911982; flood insurance is typically not required in this zone (source: floodmaps.com) Zoning: Multifamily District (R-3) by the City of Boynton Beach; this use permits development of single- and multiple -family uses at 10.8 units per acre allowing 47 units on this site. The subject site and use appear to conform to current zoning requirements. We have appraised the subject property under the hypothetical condition that the subject can be developed with 40.0 DU per acre, or a total of 176 units. 18 File ##15-0589 Zoning According to the City of Boynton Beach Utilities Department, the water and (continued): sewer capacity appear to be adequate for 40.0 DU per acre but the adequacy would depend on the type of development to be determined by a pot- d- ••- developerWe make the extraordina[y assumption the water and sewer capacity are adequate to support the development of 40.0 DU per acre. Land Use Plan: High Residential by the City of Boynton Beach Approvals: No active approvals Taxes: The 2014 millage to is 22.6546. The subject is exempt from taxes; this assessment is less than our market value conclusion. Props rty Year: 2014 Year. 2013 Parcel ID Component Assessment -Ta-xes Assessment Taxes 08-43-45-21-00-000-0021 Land $139,000 $152,900 Improvements L01 KO Total $139,000 $0 $152,900 $0 08-43-45-21-10-001-0010 Land $77,020 $84,722 Improvements UO 10 - Total $77,020 $0 $84,722 $0 Grand Total: $216,020 $0 $237,622 $0 Analysis: The site is well suited for a multifamily use. AERIAL PARCEL MAP Subject is outlined in red AUCAMP, DELLENBACK & Vv71Hr1'NEY 19 File *15-0589 SUBJECT PROPERTY (continued) ft, 1 mm _ .:..�,� AUCAMP, DELLENRACK File #15-0589 �, 1 mm _ .:..�,� AUCAMP, DELLENRACK File #15-0589 RM'10=11IM-MR Access: Vehicular access via drives along N. Seacrest Boulevard, NE 7 th Avenu and NE 1s'Street I Paving: None Walkways None Drainage: None Landscaping: Some trees Enclosures: None Other: Some concrete pole lights throughout the site Street Right -of -Way: Asphalt paving, concrete sidewalks, concrete curbing, overhead lighting, and landscaped median Analysis and Conclusions: The site has a minimal amount of site improvements which do not significantly contribute to value. M301tal e 0110101 ImI&OL11 qL9171411DIII - AUCAMP 3 DELLENRACK&WHYrNEY 21 File #15-0589 The concept of highest and best use has the following definition. The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. Appraisal Institute, The Dictiongy of Real Estate Appraisal, Fifth Edition (2010), p. 93. Based on its physical attributes, the subject site is well suited for a variety of uses. Concerning legally permissible uses, the subject site is zoned primarily for residential uses. For financial feasibility, while several prime locations are currently being developed with multifamily uses, these projects are in locations that are much superior to the subject or have been awarded government subsidies for affordable housing. The highest and best use as vacant is immediate development of workforce/affordable housing or hold for future development of a multifamily project consistent with market demand and financial feasibility. The most probable purchaser is an investor and/or developer. Estimating market value for property under its highest and best use typically involves analysis of three separate approaches: cost approach, sales comparison approach, and income capitalization approach. The cost approach is based on the principle of substitution that states an informed purchaser will not pay more for a property than the cost of reproducing a property with identical improvements having the same utility. The sales comparison approach is also based upon the principle of substitution whereby similar properties within competitive markets will realize similar prices. The income capitalization approach is based on the principle of anticipation whereby an investor expects benefits to be derived in the future. The subject is not improved and, therefore, the cost approach is not relevant. The income capitalization approach is not applicable because similar properties are not typically leased within the subject's market. Market data are readily available for estimating value in the sales comparison approach. The final step is reconciliation of the value indication into a final value by analyzing the appropriateness, accuracy and quantity of evidence in each approach. File 1-0589 The sales comparison approach is a method for estimating the subject's value by analyzing sales of similar properties. The underlying theory is that a prudent buyer would not buy one property at a price any higher than the cost to acquire a comparable, competitive property. This approach provides a reliable indication of market value when properties are bought and sold regularly. A search of Palm Beach and Broward County for recent sales (Comparables) of similar properties provided a significant number of useful comparables. These comparables are summarized in the following chart, shown in a following map, and explained in the subsequent detailed descriptions. Additionally, these comparables are evaluated on the basis of the most relevant unit of comparison which, in this case, is price per land SF as well as price per unit. The unadjusted prices range from $2.79 to $7.60/SF and $11,036 to $21,324/unit. SUMMARY OF LAND COMP LES Ocean Breeze East, 700 N. Seacrest Blvd, Boynton Beach, Florida (15-0589) SUBJECT COMP 1 COMP 2 COMP 3 COMP 4 COMPS COMP 6 COMP 7 ADW Property ID 2059 2108 226 2107 831 832 634 637 Property Name Ocean Breeze Shankar Property Waterville Village of Waleuca Site Patio Site Key Village Village at East Valor Crystal Lakes Address 700 N. 1321 Alpha Street 1100-1130 2559 2nd Ave 3900 3800 Block of 475 SW 27th Ave 3800 Crystal Seacrest Blvd Boutw ell Rd N. Iblaleuea Ln Patlo Ct Lake Drive City Boynton West Palm Beach Lake Worth Lake Worth Lake Worth Lake Worth Fort Lauderdale Deerfield Beach Beech Sale: Sale Price NIA $245,000 $1,450,000 $2,450,000 $460,000 $135,000 $600,000 $1,400,000 Sale Status NIA Closed Closed Closed Closed Closed Closed Closed Market Period WA 35 months 19 months 13 months 38 months 8 months 4 months 11 months Date of Sale WA Apr -15 Mar -15 Nov -14 Aug -14 Jun -14 Apr -14 Feb -14 Price/SF of Land WA $7.03 $3.81 $7.60 $2.95 $3.37 $6.82 $6.42 PricelUnit WA $15,313 $21,324 $11,036 $16,429 $19,266 $13,953 $11,200 Site: Property Type Res. Land Res. Land Res. Land Res. land Res. Land Res. Land Res. Land Res. Land Site Size Acres 4.39 0.80 8.73 7.40 3.58 0.92 2.02 5.00 Site Size SF 191,382 34,848 380,237 322,344 155,945 40,075 87,918 217,988 MHP (RMM- Zoning R-3 MF -20 GC+RS MU -W RM RM 25) RM -25 Land Use Plan High Res Res. Land HR -8 Res. Land HR -8 UI MH -25 Res High Surface Cleared Cleared Vegetation Old Bldg Vegetation Vegetation Cleared Old Bldg Planned Use Multifamily Multifamily Multifamily Multifamily Multifamily Multifamily Multifamily Multifamily Planned Units 176 16 68 222 28 7 43 125 Approvals None None SPA None None None None None Density 40.0 20.0 7.8 30.0 7.8 7.6 21.3 25.0 AUCAMP, DELLENBACK23 File #15-0559 MAP OF COMPARABLE PROPERTIES 0 C File 1-5 eeral Data Property Name: Shankar Property Property Type: Residential Land Address: 1321 Alpha Street, West Palm Beach, Florida 33401 County: Palm Beach Parcel ID: 74-43-43-28-12-002-0072 Legal Description: GROVEDALE PARK PLAN 1 SLY 167 FT OF LT 7 BLK 2 ,Proposed Development I Number of Units: 16 Proposed Use: Multifamily Density: 20.0 ite Data Site Size: Zoning: Land Use Plan: Surface: Site Plan Approval: Approvals: Utilities: Site Comments: File 1-0589 0.80 acres or 34,848 SF MF -20 Residential Cleared No None To site Zoning permits 20/du per acre Sale Data Sale Status: Price: Price/SF of Land: Price/Unit: Sale Date: O.R. Book -Page: Grantor: Grantee: Property Rights: Financing: Marketing Period: Prior Transactions: Verification Source Sale Remarks: Closed $245,000 $7.03 $15,312 April 2015 Not available Swink Boyce Shankar Business Corp Fee simple Cash 35 months None in the previous three years Jon Schmid, listing broker, 561-832-3212, Mark Worch, May 2015 (15- 0589a) Buyer planned to construct a multifamily project AUCAMP, DELLENBACK6 File 1-0589 SALES COMPARISON APPROACH (continued) Property Name: Waterville Property Type: Resdiential Land Address: 1100 -1130 Boutwel I Rd, Lake Worth, Florida 33461 County: Palm Beach Parcel ID: 38-43-44-20-01-003-0010 etc. Legal Description: Lengthy: 20-44-43, MODEL LAND CO SUB TR 3 LYG S OF CUTOFF CNL/LESS NLY 193 FT OF WILY 218, etc. Proposed Development Data Number of Units: 68 Proposed Use: Multifamily Density: 7.8 Site Data Site Size: Zoning: Land Use Plan: Surface: Site Plan Approval: Approvals: Utilities: Site Improvements 8.73 acres or 380,237 SF GC+RS HR -8 Vegetation Yes SPA To site None AUCAMP, DELLENBACK & WHITNEY 27 File #15-0589 Site Comments: Site is set -back from 10th Avenue North. Property is zoned for 8 du/acre. Saie Cate Sale Status: Price: Price/SF of Land: Price/Unit: Sale Date: O.R. Book -Page: Grantor: Grantee: Property Rights: Financing: Marketing Period: Prior Transactions Verification Source Sale Remarks: Closed $1,450,000 $3.81 $21,324 March 2015 27396-1398 Royal Building Group, LLC D.R. Horton, LLC Fee simple None recorded 19 months Sold in June 2013 for $700,000 and the property did not have site plan approval at that time Kirk Nelson, listing broker, 561-227-1803, Mark Worch, April 2015 (13- 1250) Seller obtained site plan approval for 68 multifamily units 28 File #15-0589 Property Name: Village of Valor Property Type: Residential Land Address: 2559 2nd Ave N., Lake Worth, Florida 33461 County: Palm Beach Parcel ID: 38-43-44-20-01-097-0020 et al. Legal Description: MODEL LAND CO TR 97 (LESS E 117.68 FT & S 25 FT 2ND AVE N R/W) & S 112 OF 30 FT ABND PT OF 4TH AVE N LYG N OF & ADJ TO 1proposed- Number of Units: 222 Proposed Use: Multifamily Density: 30.0 Site to P®. SiteSize: Zoning: Land Use Plan: Surface: Site Plan Approval Approvals: Utilities: File #15-0589 7.40 acres or 322,344 SF M U -W Residential Old bldg and trees No None To site y Site Comments: Site consists of three contiguous parcels. Zoning permits 30/du per acre. Site improved with two cell phone towers Sale Status: Closed Price: $2,450,000 Price/SF of Land: $7.60 Price/Unit: $11,036 Sale Date: November 2014 O.R. Book -Page: 27450-0413 Grantor: 2C Investments, LLC Grantee: Village of Valor, Ltd. Property Rights: Fee simple Financing: $3,800,000 (155% LTV) acquisition and construction loan Marketing Period: 13 months Prior Transactions: No prior arm's length sales in prior three years Verification Source: Allen Marcovitch, listing broker, 561-369-5993, Mark Worch, May 2015 (15-0589) Sale Remarks: Broker indicated the buyer planned to construct an affordable housing rental project. Broker did not know how many units the buyer planned to constructed. Broker indicated cell phone towers contributed $450,000 to the sale price 30 File #15-0589 Property Name: Melaleuca Site Property Type: Resdiential Land Address: 3900 Melaleuca Ln, Lake Worth, Florida 33461 County: Palm Beach Parcel ID: 00-43-44-30-01-111-0010 Legal Description: LT A (LESS N 49 FT OF W 85.42 FT, N 40 FT OF W 222.11 FT OF 232.11 FT & TRGLR PAR MELALEUCA LN RIW & E 10 FT MAT �* -�- - * - •. - Number of Units: 28 Proposed Use Change: No Proposed Use: Multifamily Density: 7.8 Site Size: 3.58 acres or 155,945 SF Zoning: RM Land Use Plan: HR -8 Surface. Vegetation Site Plan Approval: No Approvals: None Utilities: To site Site Comments: Zoning permitted 8 du/acre, or 28 units. 1 File #15-0589 Sale Status: Closed Price: $460,000 Price/SF of Land: $2.95 Price/Unit: $16,429 Sale Date: August 2014 O.R. Book -Page: 26992-1734 Grantor: SAVANNAH LAKE NEW, LLC Grantee: OAK LEAF II, LLC Property Rights: Fee simple Financing: None recorded Marketing Period: 38 months Prior Transactions: Seller purchased the property for $50,000 the day before it went to auction; this prior transaction closed in one day with no contingencies and was a distressed sale. Verification Source: Reese Stigliano, listing agent, 954-596-5511, James Graber, July 2014 (14-0946) Sale Remarks: Property received a significant amount of interest from prospective buyers prior to closing and the seller raised the listing price from $425,000 to $500,000. Buyer intended to construct a multifamily project. 2 File 5-0589 a ;� a. ,� i ■Tiiii J General Data Property Name: Patio Site Property Type: Residential Land Address: 3800 Block of Patio Ct, Lake Worth, Florida 33461 County: Palm Beach Parcel ID- 00-42-44-24-00-000-6070 Legal Description: 24-44-42, S 120.06 FT OF W 112OF NF 114 OF SW 114 OF SE 114 =Proposed Development Number of Units: 7 Proposed Use: Multifamily Density: 7.6 LS!te Data Site Size: Zoning: Land Use Plan: Surface: Site Plan Approval: Approvals: Utilities: File #15-0589 0.92 acres or 40,075 SF RM UI Vegetation No None To site daleDat_._..__..._..._..._.._....._..__...._._� Sale Status: Price: Price/SF of Land: Price/Unit: Sale Date: O.R. Book -Page: Grantor: Grantee: Property Rights: Financing: Marketing Period: Prior Transactions: Verification Source: 6�=:lia: i"MM73 Closed $135,000 $3.37 $19,286 June 2014 26836-699 GRACIELA RODRIGUEZ etc. FIFTEEN BV, LLC Fee simple None recorded 8 months None in the prior three years Chris Wood, listing agent, 954-462-5655, James Graber, July 2014 (14- 0960) Buyer intended to develop a multifamily use with the maximum number of permitted units DELLENBACK & WHITNEY 34 File 1.0589 Property Name: Key Village Property Type: Residential Land Address: 475 SW 27th Ave, Fort Lauderdale, Florida 33312 County: Broward Parcel ID: 5042-08-01-0390 Legal Description: WESTWOOD HEIGHTS 6-34 B LOT 6 THRU 19,20 LESS E14 & LESS THEREFROM EXT AREA OF 25 RAD ARC LYING IN SE COR BLK 38 Proposed Development Data7 Number of Units: 43 Proposed Use Change: No Proposed Use: Townhomes Density: 21.3 Site Data Site Size: Zoning: Land Use Plan: Surface: Approvals: Utilities: 2.02 acres or 87,918 SF MHP (RMM-25) MH -25 Cleared None To site AUCAMP,, DELLENBACK & VMITNEY 35 File #15-0589 aieDt- ------------------------------- ----------------- -_____________________. Sale Status: Price: Price/SF of Land: Price/Unit: Sale Date: O.R. Book -Page: Grantor: Grantee: Property Rights: Financing: Marketing Period: Prior Transactions: Verification Source: Sale Remarks: File #15-0589 Closed $600,000 $6.82 $13,953 April 2014 50709-605 CITY NATIONAL BANK OF FLORIDA MINI LOFT'S, LLC. Fee simple Cash transaction 4 months No arm's-length sales in prior three years Brenda Yates, listing agent, 786-258-6500, Jaynes Graber, May 2014 (14-0174s) Property was purchased by a local developer intending to build 43 townhomes A l4 � -- M .. Property Name: Village at Crystal Lakes Property Type: Residential Land Address: 3800 Crystal Lake Drive, Deerfield Beach, Florida 33064 County: Broward Parcel ID: 4842-15-01-0522 Legal Description: CRYSTAL LAKE 1ST SEC 58-39 B A POR OF PAR B & C,DESC AS PAR 5 IN OR 439981464,BEG NE COR PAR B,S 178.10,W 352.06,AN ARC DIST 329.52 TO P/T,NW 100,AN ARC DIST 62.97 TO PIT,NE 161.82,NE 100,SE 310,NE 100,SE 163.35,AN ARC DIST 82.14,AN ARC DIST 53.32 TO POB 1proposed Development Data I Number of Units: 125 Proposed Use Change: No Proposed Use: Multifamily Density: 25.0 ie Data Site Size: Zoning: Land Use Plan: Surface: Approvals: Utilities: 5.00 acres or 217,988 SF RM -25 Res High Old Bldg None To site 37 File #1 M589 Site Comments: Improved with a dated, 59,000 SF clubhouse building; broker estimated the cost to raze structure was $280,000. Sale Data Sale Status: Pri . Price/SF of Land: Price/Unit: Sale Date: O.R. Book -Page: Grantor: Grantee: Property Rights: Financing: Marketing Period: Prior Transactions: Verification Source: Closed $1,400,000 $6.42 $11,200 February 2014 50584-802 CRYSTAL LAKE GOLF CLUB, LLC. VILLAGE AT CRYSTAL LAKES, LLC. Fee simple None recorded 11 months None in the prior three years Richard Tarquinio, listing agent, 954-331-1764, James Graber, May 2013 (14-0603) Buyer obtained site plan approval for 125 multiple -family units AUCAMP, DELLENBACK &WHITNEY 3 File 1-0589 DWI 1ARM Nal Mumam, Z 1111111 "1 111_1111�111111111* �1121 I. ' Adjustments are appropriate and necessary based on differences in elements of comparison. The following elements of comparison are characteristics of properties and sale transactions causing variations in prices. The first five elements of comparison are considered transactional adjustments; each of the transactional adjustments is made prior to making further adjustments. The remaining five elements of comparison are referred to as property adjustments and their total net adjustment is applied at the end. 1. Real property rights conveyed 2. Financing terms 3. Conditions of sale 4. Expenditures immediately after purchase 5. Market conditions 6. Location 7. Physical characteristics 8. Economic characteristics 9. Use 10. Non -realty components of sale The comparables are adjusted quantitatively. The percentage adjustment indicates the degree of the appropriate adjustment based on our knowledge of the local market, discussion with market participants and reviewing data. A chart on a following page shows comparison of the comparables with the subject, and contains adjustments as explained in the following items and summarized on a following chart. 1. Real Pror)eM Rights Conveyed. No differences are noted. 2. Financing Terms. No differences are noted. 3. Condons of Sale. No differences are noted. 4. Expenditures Immediately After Purchase. No differences are note 5. Market Conditions. No differences are noted. W4;1"1111114 1 1_1 I _W I _Orol [OJ#J;JKqOJ4IsJ$]IJJ a[ 11 are adjusted an estimated -5% to 7. Physical Characteristics. DiiYerences in prices are evident for several considerations. 0 A typical buyer will pay a premium for a site with a cleared surface; five comparables are adjusted upward 3% to 20%. Comparable 7 was improved with a 55,000 SF club house which the buyer planed to raze at an estimated cost of $280,000, or 20%; Comparable 7 is adjusted upward 20%. Comparables 2 through 5 have wooded sites and one of the sites was improved with an old building which did not contribute to property value; these comparables are adjusted upward an estimated 3% to account for the cost to clear the sites. AUCAMP, DELLENBACK & WHrrNEY 39 He #15-0589 0 Based on economies of scale, buyers typically pay less on price per square foot basis for larger properties; three comparables are adjusted -5% to -15%. 0 Buyers typically pay premiums for a site with site plan approvals; Comparable 2 is adjusted an estimated -20% for existing site plan approvals. 0 Comparable 3 was improved with two cell phone towers and the broker indicated the value contribution to these towers was $450,000, or 18%; Comparable 3 is adjusted -18% to account for the value of the cell phone towers. M 1!1111n 1 ro�P f MI -MMM -1111 TiNIZI11 �� 11 �� � The comparable sales have an adjusted price range of $2.80 to $6.741SF and $8,829 to $16,663/unit. This range is relatively broad due to the variety of average unit sizes between the projects. Therefore, we have included the following ranking analysis chart which sorts each sale by average unit size. fft fs-IJ 74 -acr- f S. =041 . 1 ' L Q5 _W1 per have appraised the subject property under the hypothetical condition that the subject can be developed with 40.0 DU per acre, or a total of 176 units. The subject's density of 40.0 units per acre and is shown on the chart. The data show the price per unit generally decreases as the density increases while prices per SF increases. Sale Denisty $/SF $/Unit 5 7.6 $2.80 $16,007 2 7.8 $2.97 $16,633 4 7.8 $2.69 $16,100 1 20.0 $5.98 $13,016 6 21.3 $6.48 $13,255 7 25.0 $6.74 $11,760 3 30.0 $6.08 $8,829 Subject 40.0 When recognizing density increases for increments of 5.0 and 10.0 DU per acre, price per unit decreases by about $1,000 and $2,000/unit; Comparable 3 has an unusually low price and is given less weight. This analysis indicates a value range of $8,500 to $9,000/unit, or $1,490,000 to $1,580,000, and this value range represents $7.79 to $8.26/SF, which is consistent with the density ranking analysis. AUCAMP, DELLENBACK & WHITNEY 40 File #15-0589 We conclude the value of the subject via the sales comparison approach is As a check of reasonableness, builders within the subject's market are typically willing to pay around 8% to 12% of the finished home price for residential land. Thus, for the subject's value of $8,700/unit, the end unit prices would be around $73,000 to $109,000, which is generally consistent with end unit value as described in the Neighborhood section. Based on a review of nearby housing prices and values, these end unit prices appear reasonable. ADJUSTMENTS TO LAND COMPARABLES Ocean Breeze East, 700 R Seacresl Blvd, Boynton Beach, Florida (15-0589) SUBJECT COMP 1 COMP 2 COMP 3 COMP 4 COMP 5 COMP 6 COMP 7 Surface Cleared Geared Vegetation Old Bldg Vegetation Vegetation Cleared Old Bldg Site Size Acres 4.39 0.80 8.73 7.40 3.58 0.92 2.02 5.00 Site Size SF 191,382 i 34,848 380,237 322,344 155,945 40,075 87,918 217,988 Approxels None None SPA None None None None None Sale Status NIA Closed Closed Closed Closed Closed Closed Closed Sale Date N/A Apr -15 Mar -15 Nov -14 Aug -14 Jun -14 Apr -14 Feb -14 Unadjusted PrIce1SF NIA $7.03 $3.81 $7.60 $2.95 $3.37 $6.82 $6.42 Unadjusted Price/Unit NIA $15,313 $21,324 $11,036 $16,429 $19,286 $13,953 $11,200 Transacftnal Adler Property Ad]x Location SIMILAR SUPERIOR SUPERIOR SUPERIOR SUPERIOR SIMILAR SUPERIOR Adjustment 0% -5% -5% tis% tis% 0% -15% Surface SIMILAR INFERIOR INFERIOR INFERIOR INFERIOR SIMILAR INFERIOR Adjustment 0% 3% 3% 3% 3% 0% 20% Site Size SMALLER SIMILAR SIMILAR SIMILAR SMALLER SMALLER SIMILAR Adjustment -15% 0% 0% 0% -15% -5% 0% Approvals (SPA' SIMILAR SUPERIOR SIMILAR SIMILAR SIMILAR SIMILAR SIMILAR Adjustment 0% -20% 0% 0% 0% 0% 0% Cell Tower SIMILAR SIMILAR SUPERIOR SIMILAR SIMILAR SIMILAR SIMILAR Adjustment 0% 0% -18% 0% 0% 0% 0%u Net Adjustment -15% -22% -20% -2% -17% -5% 5% Adjusted Price/SF NIA $5.98 $2.97 $6.08 $2.89 $2.80 $6.48 $6.74 Adjusted Price/Unit NIA $13,016 $16,633 $6,829 $16,100 $16,007 $13,255 $11,760 Gross Adjustment 0% 15% 280/6 26% 8% 23% 5% 35% Density 40.0 20.0 7.8 30.0 7.8 7.6 21.3 25.0 DELLENBACK & WHUNEY 41 Fiie 915-0589 COST APPROACH: Not applicabIlt SALES COMPARISONAPPROACH ■.,Y INCOME CAPITALIZATION APPROACH Not applicablz The quality of market data in the sales comparison approach is good, and the methods of analysis are appropriate and reasonable. We conclude market value of the fee simple interest in the subject real property in its "as is" condition, subject to assumptions and contingent and limiting conditions as well as any extraordinary assumptions and hypothetical conditions, as explained in this report, as of April 30, 2015, is: MILLIONONE - r THIRTY THOUSAND DOLLARS 11lM Normal marketing period is the most probable amount of time necessary to expose a property, in its entirety, to the open market in order to achieve a sale. Median days -on -market for similar properties sold throughout South Florida, as shown in the Market section, have been less than 14 months during the past several years. Several sales analyzed in this report had marketing periods and they were 35 months, 19 months, 38 months, 8 months, 4 months, and 11 months. We conclude a reasonable marketing time for sale of the subject property at a price consistent with its market value is less 18 months. Exposure time is the amount of time likely to have been experienced for sale of the subject property on the valuation date. We estimate a reasonable exposure time is less than 18 months based on this same market data. AUCAMP, DEQ 2 File #15-0589 I certify that, to the best of my 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 my personal, impartial, and unbiased professional analyses, opinions, and conclusions. 3. 1 have no present or prospective interest in the property that is the subject of this report, and I have no personal interest with respect to the parties involved. 4. 1 have no bias with respect to any property that is the subject of this report or to the parties involved with this assignment. 5. My engagement in this assignment was not contingent upon developing or reporting predetermined results, a specific valuation, or the approval of a loan. fi. My 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. 7. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, 8. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 9. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the State of Florida. 10. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 11. Mark Worch and Douglas Whitney made a personal, visual inspection of the readily accessible areas of the property that is the subject of this appraisal. 12. No one provided significant real property appraisal or appraisal consulting assistance to the person signing this certification. I, the supervisory appraiser of a registered appraiser trainee who contributed to the development or communication of this appraisal, hereby accept full and complete responsibility for any work performed by the registered appraiser trainee named in this report as if it were my own work. AUCAMP, DELLENBACK3 File #15-0589 CERTIFICATION (continued) 13. As of the date of this report, Douglas Whitney and Mark Worch have completed the continuing education program of the State of Florida. 14. As of the date of this report, Douglas Whitney has completed the continuing education program of the Appraisal Institute. 15. Aucamp, Dellenback & Whitney has provided services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period preceding acceptance of this assignment. May 7. 2015 Douglas 6 S. hftriate State-ce - fd Gener�aal DEstate Appraiser RZ 1062 AUCAMP, DELLEN ACK & WHITNEY 44 File #15-0589 This appraisal is subject to the following contingent and limiting conditions: 1. The legal description and maps are assumed to be correct. 2. No responsibility is assumed for matters which are legal in character, nor is any opinion rendered as to title, which is assumed to be good and marketable. Any existing liens or encumbrances have been disregarded, and the property is appraised as free and clear. This appraisal is made, assuming that all public improvements of any kind affecting the property appraised are fully paid for, unless otherwise specifically set forth in the property description. 3. No survey has been made of the property on behalf of the appraisers and no responsibility is assumed in connection with such matters. The sketches contained in this report are for illustrative purposes only and are included to assist the reader to better visualize the property. The information furnished by others is believed to be reliable and no responsibility is assumed for its accuracy. 4. In this report, the distribution of the total valuation between land and improvements applies only under the existing program of utilization. The separate valuations for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. . Possession of this report, or a copy thereof, does not carry with it the right of publication, nor may it be used for any purpose by any but the recipient without written consent of the appraiser. 6. The contract for appraisal, consultation, or analytical service is fulfilled and total fee is payable upon completion of the report. The appraisers will not be required to give testimony in court or hearing because of having made the appraisal in full or in part, nor engage in post - appraisal consultation with the client or third parties, except under separate and special arrangement and at additional fee. 7. The appraisers may not divulge material contents of the report, analytical findings or conclusions or give a copy of the report to anyone other than the client or his designee as specified in writing, except as may be required by the Appraisal Institute as it may request in confidence for ethics enforcement or by a court of law of body with the power of subpoena. 8. Liability of Aucamp, Dellenback & Whitney is restricted to the client. Aucamp, Dellenback & Whitney has no accountability or liability to any third party. 9. It is assumed there are no hidden or unapparent conditions of the property, subsoil or structures which make it more or less valuable. The appraiser assumes no responsibility for such conditions or engineering which might be required to cover these facts. No topographical survey was provided. 10. No environmental impact study, special market study or analysis, highest and best use analysis or feasibility study has been requested or made unless otherwise specified in an agreement for services or in the report. The appraiser reserves the unlimited right to alter, amend, revise or rescind any of the statements, findings, opinions, values, estimates or conclusions upon any subsequent such study or analysis or previous study or analysis subsequently becoming known to him. 45 File #15i 11. The market value estimated and the cost used are as of the date of the estimate of value. All dollar amounts are based on the purchasing power and price of the dollar as of the date of the value estimate. 12. This appraisal expresses our opinion and employment to make this appraisal was in no way contingent upon reporting a predetermined value or conclusion. The fee for this appraisal or study is for the service rendered and not for time spent on the physical report. 13. The value estimated in this appraisal report is gross without consideration given to any encumbrance, restriction, or question of title unless specifically defined. The estimate of value in the appraisal report is not based in whole or in part upon race, color or national origin of the present owners or occupants of properties in the vicinity of the property appraised. 14. Responsible ownership and competent property management are assumed. 15. It is assumed that there is full compliance with all applicable federal, state and local environmental regulations and laws, unless noncompliance is stated, defined and considered in the appraisal report. 16. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, unless a non -conformity has been stated, defined and considered in the appraisal report. 17. It is assumed that all required licenses, certificates of occupancy and consents or other legislative or administrative authority from any local, state or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 18. It is assumed that the utilization of the land and improvements is within the boundaries of the property lines, that the property described in that there is no encroachment or trespass unless noted in the report. 19. Authentic copies of this report are signed in ink. 20. Unless otherwise stated in this report, the existence of hazardous substances, including without limitation asbestos, polychlorinated biphenyls, petroleum leakage, or agricultural chemicals, which may or may not be present on the property, or other environmental conditions, were not called to the attention of nor did the appraiser become aware of such during the appraiser's inspection. The appraiser has no knowledge of the existence of such materials on or in the property unless otherwise stated. The appraiser, however, is not qualified to test such substances or conditions. If the presence of such substances, such as asbestos, urea formaldehyde foam insulation, or other hazardous substances or environmental conditions may affect the value of the property, the value estimated is predicated on the assumption that there is no such condition on or in the property or in such proximity thereto that it would cause a loss in value. No responsibility is assumed for any such conditions, nor for any expertise or engineering knowledge required to discover them. AUCAMP, DELLENBACK & WHITNEY 46 File #15-0589 21. The Americans with Disabilities Act (ADA) became effective January 26, 1992. The appraisers have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect upon value of the property. Since the appraisers have no direct evidence relating to this issue, possible noncompliance with the requirements of ADA in estimating the value of the property has not been considered. 22. The report may contain estimates of prospective value for the subject property. Forecasts and prospective values are based upon current market conditions and trends. Aucamp, Dellenback & Whitney cannot be held responsible for unforeseeable events that alter market conditions prior to the prospective dates. 23. Acceptance and/or use of this appraisal report constitutes acceptance of the preceding conditions. AUCAMP, DEQ File #15-0589 1, 0 0 - . 0 - . . This appraisal is subject to the following hypothetical conditions: This appraisal is subject to the following extraordinary assumptions: The water and sewer capacity are adequate to support the development of 40.0 DU per acre. AUCAMP, DELLENBACK &WHITNEY 48 File #15-0589 Market Value 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 are 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; 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: Department of the Treasury, Office of Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision and National Credit Union Administration under 12 CFR Part 34, Real Estate Appraisal and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"); and the Interagency Appraisal and Evaluation Guidelines, Federal Register, Volume 75, No. 237, December 10, 2010) Prospective Opinion of Value A value opinion effective as of a specified future date. The term does not define a type of value. Instead, it identifies a value opinion as being effective at some specific future date. An opinion of value as of a prospective date is frequently sought in connection with projects that are proposed, under construction, or under conversion to a new use, or those that have not yet achieved sellout or a stabilized level of long-term occupancy. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 153) Retrospective Value Opinion A value opinion effective as of a specified historical date. The term does not define a type of value. Instead, it identities a value opinion as being effective at some specific prior date. Value as of a historical date is frequently sought in connection with property tax appeals, damage models, lease renegotiation, deficiency judgments, estate tax, and condemnation. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 171) Investment Value The value of a property interest to a particular investor or class of investors based on the investor's specific requirements. Investment value may be different from market value because it depends on a set of investment criteria that are not necessarily typical of the market. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 105) 4 File #15-9589 DEFINITIONS (continued) Liquidation Value The most probable price that a specified interest in real property should bring under the following conditions: 1. Consummation of a sale within a short time period. 2. The property is subjected to market conditions prevailing as of the date of valuation. 3. Both the buyer and seller are acting prudently and knowledgeably. 4. The seller is under extreme compulsion to sell. 5. The buyer is typically motivated. 6. Both parties are acting in what they consider to be their best interests. 7. A normal marketing effort is not possible due to the brief exposure time. 8. Payment will be made in cash in U.S. dollars or in terms of financial arrangements comparable thereto. 9. 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: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 116) Use Value In real estate appraisal, the value a specific property has for a specific use; may be the highest and best use of the property or some other use specified as a condition of the appraisal. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 204) Insurable Value A type of value for insurance purposes. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 102) Limited -Market Property A property or property right that has relatively few potential buyers. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 114) Special -Purpose Property A property with a unique physical design, special construction materials, or a layout that particularly adapts its utility to the use for which it was built; also called a special -design property. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 184) Fee Simple Estate 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: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 78) Leased Fee Interest A freehold (ownership interest) where the possessory interest has been granted to another party by creation of a contractual landlord -tenant relationship (i.e., a lease). (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 111) AUCAMP, DELLENBACK & WHUNEY 50 File #15-0589 Leasehold Interest The tenant's possessory interest created by a lease. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 111) Real Property The interests, benefits, and rights inherent in the ownership of real estate. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 161) Personal Property 1.) Identifiable tangible objects that are considered by the general public as being "personal" — for example, furnishings, artwork, antiques, gems and jewelry, collectibles, machinery and equipment; all tangible property that is not classified as real estate. 2.) Consists of every kind of property that is not real property; movable without damage to itself of the real estate; subdivided into tangible and intangible. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, pages 145-146) Intended Use The manner in which the intended users expect to employ the information contained in a report. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 102) Intended User 1.) The client and any other party as identified, by name or type, as users of the appraisal, appraisal review, or appraisal consulting report by the appraiser on the basis of communication with the client at the time of the assignment. 2.) A party who the appraiser intends will employ the information contained in a report. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, pages 102-103) Hypothetical Condition That which is contrary to what exists but is supposed for the purpose of analysis. Hypothetical conditions assume conditions contrary to known facts about physical, legal, or economic characteristics of the subject property; or about conditions external to the property, such as market conditions or trends; or about the integrity of data used in an analysis. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 97) Extraordinary Assumption An assumption, directly related to a specific assignment, which, if found to be false, could alter the appraiser's opinions or conclusions. Extraordinary assumptions presume as fact otherwise uncertain information about physical, legal, or economic characteristics of the subject property; or about conditions external to the property such as market conditions or trends; or about the integrity of data used in an analysis. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 73) Competence The state of having the requisite or adequate ability or qualities to perform the specific assignment and produce credible assignment results. (Source: Appraisal Institute, The Dictionary of Real Estate Appraisal, Fifth Edition, Chicago, 2010, page 39) 1 Fib 15.0589 ENGAGEMENT FETTER APPRAISERSI �) -o6m ( TIANT Buch OwwwoMy RwbvftrroW,Apnq Cc JAW, � 710 N FmtwA K4g lway 5 RE,,, AppralW of Real Ropoty Ocean Bwn BW Viumm RosOmftl X16W43-45-20-10-001-0040) Buron U, MYOUt . d to A&M thIs r „ 't Mwds 1 j In lks'em irg"wna do rMOV kkwhm d9dd8w =%WFAV ", I r l h WIN r ' a t h� WL, vAll -- f' , 11* Ia. rod o r* 'r l Prwks . ) 1 Fwnds0awk t0h I* SpOrWoM m0rowNs01Mft MiK l , C and Pmft=wmtAWvW1 Prmfim, The luto fss fw pwfmftv ft ssdqw1,wo poyaws upon mwfboon of #4 rwwk;- The %eaftofrW offis bbwwkhrim wM00ftfl, WO A the ebwm addM14 OW & pO my wnw to bff#-r4%_*7R_bW_4A& All w0L iroduffrog amo cwjsp nowama ' , rrt @ too Beach you an v , M !Pv!Miv`M r for Ile ra ,t a t 2 6i 15-0589 ENGAGEMENT LETTER (continued) "CAW� DEIJXNPAA-CJ(&WHITNEY A-PPSME EPT. 3 & 000491ATAMM$ woommm T ftfaiwra of rwVa*r to omplywito thepvwsbm. eel lorgo cormAUe a DaIduk &Ad Sivedi cl Otis AgrawmW. If CanbwAor faft tocurs Va debut wdibb sam (7) drp'605M km dw ORA, Me CRA v hmTMaft tfte AWggxml, ------------ -------- - AUCAMP, DELLENBACK & WHITNEY 53 File #15-0589 N' i " DOIGLAS S. WHITNEY, MAI State -certified General Real Estate Appraiser RZ 1062 Professional Affiliations And Activities Member of Appraisal Institute (MAI) Florida State -certified General Real Estate Appraiser RZ 1062 Board of Directors, South Florida Chapter of the Appraisal Institute, 2005 to 2008 Special Master, Palm Beach County Value Adj. Board, 1994 to 2010 Member of Admissions Committee for S. FI./Caribbean Chapter of the Appraisal Institute, 1993 to 1998 National instructor for Robert Morris & Associates, 1996 to 1997 S. Florida/Caribbean Ch. Rep. to Appraisal Institute Region X, 1994 Chairman of the Financial Institution Employed Appraisers Committee of S. FL/Caribbean Chapter of the Appraisal Institute, 1993 Work Experience 1994 -Present Principal, Aucamp Dellenback & Whitney, Boca Raton, FL (COMMERCIAL FEE APPRAISER). 1991-1994 Staff Appraiser, Barnett Banks, Inc., Miami, Delray Beach & West Palm Beach, FL (COMMERCIAL REVIEW APPRAISER). 1989-1991 V. P., Commercial R. E. Lending Dept., Barnett Bank of S. FL, Miami, FL. 1987-1989 Staff Appraiser, M.R. Ford & Associates, Palm Beach Gardens (COMMERCIAL FEE APPRAISER), and AppraisalFirst, Inc., West Palm Beach, FL (COMMERCIAL AND RESIDENTIAL FEE APPRAISER). 1979-1987 V.P. and A.V.P. in Commercial Real Estate Lending at three South Florida financial institutions: Southeast Bank, AmeriFirst Federal, and First National Bank of Palm Beach. 1973-1979 City Planner in Boca Raton and St. Petersburg, FL, Lexington, MA, and Burlington, VT. Types Of Appraisal Assignments Real estate appraisal assignments have involved a wide variety of property types such as industrial properties, warehouses, mini warehouses, office buildings, retail centers, restaurants, ACLFs, child-care/preschools, hotels/motels, apartments, condominiums, single-family homes, subdivisions, and vacant land. Other assignments have been feasibility studies, market studies, commercial appraisal reviews, and courtroom testimony. 54 File 1-0589 Education Master in City Planning, Harvard University, 1974 Bachelor of Science, University of Massachusetts, 1971 Appraisal Institute Courses during the past five years: That's Logistics — The Valuation of Warehouses, 2014 Behind the Headlines — the New Real Estate Economy, 2014 National USPAP Update Course, 2014 Florida Appraisal Law, 2014 Liability Issues for Appraisers, 2014 Critical Thinking in Appraisals, 2013 Business Practices & Ethics, 2012 Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets, 2012 National USPAP Update Course, 2012 Florida Appraisal Law, 2012 Lessons from the Old Economy, 2012 Agreement for Services -Instructions for Use, 2011 Appraisal Curriculum Overview, 2011 Understanding and Using Investor Surveys Effectively, 2011 Common Errors, Issues & Workfiles, 2010 National USPAP Update, 2010 Florida Appraisal Law, 2010 Supervisor trainee Roles and Rules, 2010 Clients Appraisal assignments are performed for institutional lenders, particularly financial institutions, as well as for estates, government entities, private companies and individuals. Financial institution clients include: Banesco Bank of America BankUnited BB&T CenterState Bank City National Bank CNL Bank Ever Bank Fifth Third Bank First Citizens Bank FirstCity Bank Florida Community Bank Floridian Community Bank Gibraltar Private Bank HSBC IberiaBank JP Morgan Chase Bank Landmark Bank Legacy Bank Paradise Bank PNC Regent Bank Regions Bank Seacoast National Bank Stonegate Bank SunTrust Bank TD Bank Valley National Bank WellsFargo Bank a' �� `.�- ICA IN t'�♦,', LIQ NSC NUMUCH _ d'. :. } ky. � D ° AUCAMP, ISE ACK & WHnNEY 55 File #15-0589 • WORK ! EXPERIENCE June 2011 -Present Staff Appraiser, Aucamp Dellenback & Whitney Boca •' Commercial Trainee Appraiser EDUCATION Florida Atlantic University - FL Bachelor of Business Administration, Accounting & Business Management Appraisal Courses: Basic Appraisal Principles, 2011 Basic Appraisal Procedures, 2011 Residential Report Writing, 2011 State of Florida Law and Appraisers, 2011 The Uniform Standards of Professional Appraisal Practice (USPAP), 2011 The Uniform Standards of Professional Appraisal Practice (USPAP), 2012 State of Florida Law and Appraisers, 2012 Real Estate Financial Statistics and Valuation Modeling, 2013 Critical Thinking in Appraisals, 2013 General Appraiser Site Valuation and Cost Approach, 2013 General Appraiser Report Writing and Case Studies, 2014 General Appraiser Sales Comparison Approach, 2014 General Appraiser Income Approach Part I, 2014 General Appraiser Income Approach Part II, 2014 General Appraiser Market Analysis and Highest & Best Use, 2014 Advance Market Analysis and Highest & Best Use, 2015 =�..�� .1... . r �r MW bb O� BOrAM t 6L i m INSPLAYABRIDOMED BYLAWr LIMNIZIONM Fi1e#1&0689 BOYNTB CS t n �lfi'�'a�p1� 4l��t ��ljltirr; A BOARD ■ +r 12, 2015 Consent rra I I Old Business Business t i; m: or Oxfly Other SUBJECT: Consideration of Letter of Interest from Neighborhood Renaissance for Two CRA - Owned Single -Family Lots on the Model Block SUMMARY: The CRA owns two single-family parcels of vacant land on N.W. Martin Luther King, Jr_ Blvd (See Attached Map). The two parcels were purchased as part of the Model Block project for a total cost of $130,000. Neighborhood Renaissance received a $230,000 grant from Wells Fargo Bank to spend on improving the public right-of-way for the Model Block project. Neighborhood Renaissance sent a letter of interest to the CRA for its two lots on the Model Block (See Attached Letter). The City has nine lots on the block and the CRA has two. There is an intention by the City and CRA to acquire more land in the future if it becomes available. Currently, the City has released two of its lots for development to the Boynton Beach Faith Based Community Development Corp. Staff recommends the release of the lots to Neighborhood Renaissance to develop into single-family homes for $10.00 per lot. This is consistent with the City's policy (See Attached). Neighborhood Renaissance is also a Certified Housing Development Organization (CHDO) under HUD and a 501(c)(3). If the Board elects to transfer the lots to Neighborhood Renaissance, staff recommends entering into a Purchase and Development Agreement that will dictate a development timeline and design standards. The long term impact of the project will be the elimination of slum and blight under F.S.163.3. FISCAL IMPACT: The CRA purchased the two lots, one had a rental property and one was vacant lot, for $130,000 total. Once the homes are constructed and on the tax rolls, the approximate ad valorem income from each home will be $1,600 per year. CRA PLAN,: Heart of Boynton Community Redevelopment Plan Update RECOMMEENDATIONS/OPTIONS: Approve entering into a Purchase and Development Agreement with NeighborhoodRenaissance l owned property known as Lots 22 and 23 of Block 1, Frank Weber Addition to Boynton for the development of two single-family homes for the sale price of per • �<Ia_nl. Brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\FY 2014 - 2015 Board Meetings\May 20151Neighborhood Renaissance Model Block.docx • 1 1 1 1 1 I Neigh. 't Renaissance Diverse Communities — Strong Economies April 28, 2015 Chairman Taylor, Boynton Beach Community Redevelopment Agency Ms. Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway Boynton Beach FL 33435 Subject: Single Family Development Proposal 2 lots on MLK Blvd in the Poinciana Gardens Model Block Dear Chairman Taylor and Ms. Brooks, Thank you for attending and speaking at the groundbreaking for the Poinciana Gardens Model Block streetscape improvements. Neighborhood Renaissance, Inc. is very interested in developing two single-family homes on two lots owned by the CRA in the Model Block. The new homes will be consistent with the design concept for the Heart of Boynton's Community Redevelopment Plan and will be affordable to working families. Since 2000, we constructed 18 single-family homes in the Northwood neighborhood of West Palm Beach and most recently in 2013,13 new homes in the Westgate -Belvedere redevelopment area. Enclosed is a site map showing the CRA's properties and a chart identifying the parcels with parcel ID numbers. At your convenience, I am available to discuss our proposal in greater detail and answer any questions you may have about Neighborhood Renaissance. Please feel free to call me at 561-832-6776 x102 or email me at tmurray@neighborhoodrenaisance.org with any questions. Sincerely, NEIGHBORHOOD RENAIS ANCE, INC. Terri Murray, Executive Director mvw.neighborhuod renaissa nce.org I in 1 LL i 0 &A x uj 4D 0 LM u z FA FA MLLI co rn -- Ln < k4o C LL do I-- -j un W- Im LL. o I 0 �a j� 0 U < LL. U- cn m 0 z z 0 U U w LLJ < D 4A z z %A tA 0 0 A LL, z z Z LLJ 000 ca co 00 w uj 0 LU uj CL 0 0 uj uj Z Z tA ce w I'l LLJ 4L LL i-li Do i to w (D CD rn C6 U3 %r 00 Q 0 0 N N ol LLI U r, Ch rn 0 tA r-4 Ln Ln 0 z uj rIj 0 c 0 CD 0 < LL. ul U R.T 00 tD' z Z— co C) CYI Go m (71 0 0 CD IA 7 Z qp U Z —i u I 0 4D 0 Ln Ln W&I Q (D co co LL fL 0 to !JJ D 4A %A tA A LL, z r O U3 z u 0 z rm Lu 0 rd 0 -ld w 0 0 0 10 Ln VIce fd 4ft > z Z LLJ 000 ca co 00 w uj 0 LU uj CL 0 0 uj uj Z Z tA ce w I'l LLJ 4L LL i-li Do i to w (D CD rn C6 U3 %r 00 Q 0 0 N N ol LLI U r, Ch rn 0 tA r-4 Ln Ln 0 z uj rIj 0 c 0 CD 0 < LL. ul U R.T 00 tD' z Z— co C) CYI Go m (71 0 0 CD IA 7 Z qp U Z —i u I 0 0 0 >� W&I Q (D co co u O IA rd 10 fd 4ft > M FIE ffqm,72 FS I I P; 9 E 0 0 0 0 0 o o 0 0 0 0 fm 4/1 em rn 00 z r-- 0 Z 046, M c6 o o Ci0 0 X" m — m — u fd IV Lq CL, m to :3 0 @A O 0 0 Ln 0 Ln to fv; cr vi 0 x z O 0 co 'A ry C 0 ra E J, 0 CL E I P; 9 E 0 0 0 0 0 o o 0 0 0 0 fm 4/1 em rn I P; 9 E O a o o o 0 0 0 0 4/1 rn I P; 9 E BOYNTON RA =BEAC 1C.RA BOARD MEETING OF:May 12,2015 I ConseSt Aaenda I I Old Business I X I New Business I I Leeal I I Information OnIv I I Other S111111PECT: Consideration of Change to Policy for Approval of Release of Invitations to Bi Requests for Qualifications and Requests for Proposals for CRA Board Budgeted Projects or Maintenance Items i SUMMARY: Throughout the course of any fiscal year, CRA staff is working on Board approved and budgeted projects or ordinary maintenance and repair items. Many of these exceed the value of $25,000 which under the CRA's procurement policy requires a formal bidding process such as an Invitation to Bid (ITB), Request for Proposal (RFP) or Request for QrtWifications: (RFQ). Although not required by CRA procurement policies, the practice has been to bring the legally approved ITB/RFP/RFQ document to the CRA Board for approval at its monthly meeting to "release" the document for bidding. Under the CRA's procurement policy, all proposals received must be presented and approved by the CRA Board before a contract can be executed. Z foxfORCIP11111111 11111111�111111111111�11 ,JT-rTT7 TW,0T),0 L; rVOIT 17YJ legal but the next CRA Board meeting might be 20-25 days away. When this calendar delay is added to the 30-90 day time period before the submission response deadline, the presentation of the proposals to the Board for bid selection can lag or maintenance items are forced to wait. If the bid deadline overlaps a CRA Board meeting, the submitted bid presentation is forced to wait an additional 20-25 days adding even more delay to the project or the maintenance item. To expedite and streamline this process, CRA staff would like the Board to consider allowing for the release of a legally approved ITB/RFQ/RFP document without bringing the document before the Board for approval to release. This process mirrors the City of Boynton Beach practice and would still require the proposal responses of the ITB/RFQ/RFP to be brought before the CRA Board for selection and approval. RECOMMENDATIONS/10PTIONS: Approval to release Invitations to Bid, Requests for �f iml r1R;�M%WffgK11 fiv; ,61W -W W 1 Michael Simon T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSkCompleted Agenda Item Request Forms by Meeting\FY 2014 - 2015 Board Meatings\May 20151Consideraton to release ITBRFP as staff.doex Agenda /'Business 1X1 Ne. BusinessLegalDr M44 D10 ll.� l Y SII% E -3i ►►� SUBJECT: Consideration of Approval of System Audit Reports and Payment Release to Hart Seabourn Cove, LLC for the properties known as Seabourn Cove — Phase I & Phase II SUMMARY: The CRA entered into Direct Incentive Funding Agreements with Gulfstream Gardens, LLC on August 14, 2012 for the properties known as Seabourn Cove — Phase I and Phase II (attached). The properties were purchased by Hart Seabourn Cove, LLC on December 18, 2012. The term of the Agreements are for ten years and an annual Systems Audit is required based on Gold Rating National Green Building standards. The audit report is first transmitted to the City's Development Services Department for compliance review, then to the CRA for review and acceptance. Payments to the developer will be made once the following conditions are met (section 5.3.4 of the Agreements): (1) the CRA's acceptance of a properly documented and supported audit report by the CRA Board, (2) final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year, and (3) documents evidencing payment by the developer of ad valorem taxes for the preceding year On April 27, 2015, the CRA received the required Systems Audit and City compliance verification (attached) as required in Section 5.3 of the Agreements, as well as verification of tax payment. The Systems Audit is in compliance with the Agreement. The Increment Revenue Calculation Worksheets (attached) show: • Phase I - an estimated payment of $348,950 (second of ten consecutive payments) • Phase II — an estimated payment of $153,070 (first often consecutive payments) The payment amounts will be adjusted once the tax rolls for 2014 are certified by the Property Appraiser and the CRA is given notice of the new assessments within the CRA District. The certification is typically completed in May to July of the subsequent tax. year (for example, May to July 2015 for the 2014 tax year). Staff recommends the CRA Board accept the Systems Audit reports and approve the payment, preliminarily estimated at $348,950 for Phase I and $153,070 for Phase H. Once the 2014 tax rolls are certified by the Palm Beach County Property Appraiser, the payment to the developer will be adjusted up or down depending on the final certified taxable value of the property in 2014. CRA PLAN, PROGRAM OR PROJECT: Federal Highway Corridor Community Redevelopment Plan RECOMMENDATIONS/OPTIONS: Accept the Systems Audit reports and approve the DIFA payments to Hart Seabourn Cove, LLC once the Property Appraiser certifies the 2014 tax rolls and the incentive award is recalculated based on the final 2014 certified tax value for Seabourn Cove -Phase I and Phase H. Vivian Brooks Executive Director t C M111:10111 N ki ff,* :j0F.Ayi:U-1 I 4/27/15 Vivian I Brooks I Executive Director -ctj Boynton Beach CRA W j 710 N. Federal Highway I U 1! Funding Agreement for Seabourn Cove Phase I and Phase 11; • Compliance letter from Andrew Mack • Certification letter from Two Trails Consulting • Original submission cover letter dated 4/8/15 • Seabourn Cove Phase I and 11 unit audit matrix and results * 2014 Real Estate Tax bills * Verification of payment for 2014 Real Estate taxes Best Regards, Craig Burcky I,Vir�1-frq 1. 1 t1. I/ 1 1 101 Northeast Third Avenue Suite 1810 Fort Lauderdale, FL 33301 P: 954.332, 3600 f: 954 332 3630 M1777, f --,.aM BrooksVivian Executive Director Boynton Beach CRA 1' North Federal Boynton Beach,Florida Re: Systems Audit 2015 Dear Mrs. Brooks: projectI have received the audit report and letter of certification prepared by Drew Smith from Two Trails for the above referenced project. Based on the information contained within the report and the findings from Mr. Smith the - with section 5.3 of 14th, 2012 Direct Incentive Funding (DIF) Agreement. If you have any questions or concerns please contact me in the Building Division„you. ” A I I Andrew P. Mack, 4P.. !° Building Officiali - - Cc.- Nancy Byrne, Director of Development S:\Deve10pment\Bv1L1Dn1G\Mack, Andrew\Correspondence\seahourne Cove Systems Audit 042415.doc .1 ANCE- 20 APR 0, 8 245 VIS; %.Fj axMINUI �. AndrewBuilding Official / City Engineer City # - Public # 100 Boynton Beach Blvd Boynton Please find attached the completed NGBS Certification audit for Seabourn Cove Phase I and III. The audit and certification was performed by Two Trails Green Consulting of Sarasota, FL. Should you •any additional# # orhave anyquestions, please do not 1 Craig Burcky RECRIVRO APR 14 ', M 1210* ``, IL L 14 i rM TF.Trrs iTUTW41J UP= r .� 1 .. taa H Ii = 77M 1 1i >~.1 li 17ZI 71 li M. Mi il 174 C FT i I TT:i T 471 F T i i i l l j fI� � A U li 1 1 J 1�� ✓r,:� N free 4contactour office. e=tno1 -7n I l f 941.776.8680 941.776.8789 www.twOtraflsxff,m AFAIM,P,,,CM,,_UNIT.AIJR!LM&TRIA %,Yw, EM 01-M Iii SEABOURN COVE UNIT AUDIT MATRIX Page 1 Fran: (214) 965-0000 Arrmndn nierkR Riverstone Residential Group 1201 Elm Street Suite 1600 Dallas, TX 75270 origin ID: IQPA ;-aE4x SHIP TO: (501) 752.0009 BILL THIRD PARTY 301 North Olive Delivery uAddress Bar iCode iinNuiN��iriioiiiiMi���i 2014 RE Tax Invoice # r TRK# 7719 5573 0818 EW ■ After printing this label: 1. Use the 'Print! button on this page to print your label to your laser or inkjet printer. 2. Fold the printed page along the horizontal line. 3. Place label in shipping pouch and affix it to your shipment so that the barcode portion of the label can be read and scanned. Warning: Use only the printed original label for shipping Using a photocopy of this label for shipping purposes is fraudulent and could result in additional billing charges, along with the cancellation of your FedEx account number Use of this system constitutes your agreement to the service conditions in the current FedEx Service Guide, available on fedex.corn.FedEx will not be responsible for any claim in excess of $100 per package, whether the result of loss, damage, delay, non- delivery,misdelivery,or misinformation, unless you declare a higher value, pay an additional charge, document your actual loss and file a timely claim. Limitations found in the current FedEx Service Guide apply. Your right to recover from FedEx for any loss, including intrinsic value of the package, loss of sales, income interest, profit, attorney's fees, costs, and other forms of damage whether direct, incidental, consequential, or special is limited to the greater of $100 or the authorized declared value. Recovery cannot exceed actual documented loss.Maximum for items of extraordinary value is $1,000, e,g, jewelry, precious metals, negotiable instruments and other items listed in our ServiceGuide, Written claims must be filed within strict time limits, see current FedEx Service Guide. b tf—o•/Ieenens,-F�-Aav rnmlelroinere'rin/11tmt/ten//Ar;ntfFrama bfTnl 1 1101 /Mid DATE:11121/2014 CKN:1865 TOTAL:$1,387,419.96 BANK; So abou rn Cove - Operatir., PAYEE:Palm Beach County Tax CollectoqP"IM3363) Amount Property Address - Code invoice - Date Description Seabourn Cove - 30850 30850.112114. 11j2112014 prop control # 08-43-46-04-37-ODO-00 1.387,419.96 Se6bourti CoVe - Opelfatirig: JP Morgan Chigoe 1865 HART Seebo= do". LLC Mons ad by Rhmoftne Residential OrOUP *65d) IL V161DAFfER GO DAYS 1201 Ern Stmaj, ft 1600 (Ph 581-762-0000) 2-11710 Delimit, TOM 75270 OVE �OILLICN THASE HUNDRED EIGWY SEVEN THOUSAND FOUR 14UNDRED kINETELON AND W1100 DOLLARS COUNT y OF PALM BEACH-, NOTICE OF AD VALOREM 'TAXES AND NOWAD VALOREM ASSESSMENTS EXEMKION(SI APPLIED LEGAL BEGORWTION PROPERTY CORTROL NOL YEAR COLLECTOR Na� CHIC fo"IPROPERTY ls ,j8_,j34&114-3 7000-00GO 9014 iol'�7n'533 9p III I 1111111111161111111111111111111111411 HArl, -,,EA30URN Covt Ll C ANNE W GANNON hE176104 "'APIFALPAGMT C/00 CONST�IUTIUNAL TAX COLLECTOR '1 9-1 NvVACAVR OR 1125 !,,,xvNjgPptm Duarh Coumy www'abotax,com CI IIGoil 2014 REAL ESTATE PROPEFM TAX BILL READ R&sIOEMok REFORECALLHIG READ REVERSE_ SIDE BEFORE �ALLIKG AD VALORCM TAXES TAXAMOUNT ImPHONE ASSES5ED IAXAULk MMLAaf FAAK6 AUTHOMTY 5 ("UNHY �A rv)u'Ce WAll 65111 b, 2 U0 Y (jlN%qj OLA4j i 15UT,12,C,310 r t3 3 -.1r jfi" C301"S I�F; 03a!) 4 9 'jA9 'Ju V I' �,M F 1% IS', ICT j 5,2- �� 27,9 3 3S 2 .1990 -14 88'37 56 43,j_,qBj7 fj 1 o 4.3.3a A 0AS 61 all"C' 135 TOTALADVALOREM 1.382.18340 MON-AD VALOREM ARRIMUMENTS READ MERSESIDE IERRECRLLING READ REVERSE SIDE REFORE GALUNQ TELEPHDKE RATE AMOUNT LEWINGRUTH DRITY 5616404000 """266 09 32.266.08 goi!jj WAS I E AUTHDMT'� R617A2-63i0 Loo 00 30,80000 F.OvNFON FIREPESCUE ASSESSkAFNT TOTAL Non -AD VALOREM 03,000,06 TOTAL AD Vmaftw AND NOR-ADVALOREM COMBINED 1,445.229.13 Amouwy DUIT WHEN 11115,00VIRID By UEC 2014 LZ it !�!El 2 2aLLE AR 2, 2015 ww-o TX;ES ARF DEL1N4VE RLj ApVIL 1, 2016 DETACH HERE eV -SEE REVERSE GIVE FOR INSTRIJOTIONS AND INFORMATION"" DETACH HERE COUNTY OF PALM BEACH: NOTICE OF AD VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS PROP EMKIN CONTROL 9 I P -VAN 'APETAL Klf',M T f,,/O r, 0AI "l(( T4 DIN I'l 2j 20141013706301445229131 LEGAL DESCRIP910N MAKE PAYMENTTO: GLLFSTPFAM GARDFNS ALL OF PL PO BOX 3353 TAX COLLECTOR, PALM BEACH COUNTY WEST PALM BEACH, TL 33402-3363 AMWAY DUE WHIN RECONVED By NIAA 1, 2015 1% IAA ?1.it13tb T ARE DELINqUENT APRIL 1,2015 tic DISCOUNT 2014 REAL ESTATE PROPER TY TAX BILL From: (214) 085-0000 Amanda Dierks Riverstone Residential Group 1201 Eh Street Suite 1600 Dallas. TX 75270 Origin 10: KIPA SHIP TO: (561)752-0009 BILL THIRD PARTY 301 North Olive Ave Ship Date: 21NOV14 Acilft; 0.5 LB CAD: IOM576MNET3550 Deliveri Address Bar Code �i����ni�Ainodni�uiiii� Rof # 2014 RE Tax InvDics # ,PO # I Dept # TRK# 7719 5573 0818 FO -k-11 MMI—Maw, A M MI -1 ON il I 191TI 9 V IL I [C] to k After printing this label: 1. Use the 'Print button on this page to print your label to your laser or inkjet printer. 2. Fold the printed page along the horizontal line. 3. Place label in shipping pouch and affix it to your shipment so that the barcode portion of the label can be read and scanned. Warning: Use only the printed original label for shipping Using a photocopy of this label for shipping purposes is fraudulent and Could result in additional billing charges, along with the cancellation of your FedEx account number. Use of this system constitutes your agreement to the service conditions in the current FedEx Service Guide, available on fedex.com.FedEx will not be responsible for any claim in excess of $100 per package, whether the result of loss, damage, delay, non- delivery, misdelivery, or misinformation, unless you declare a higher value, pay an additional charge, document your actual loss and file a timely claim. Limitations found in the current FedEx Service Guide apply. Your right to recover from FedEx for any loss, including intrinsic value of the package, loss of sales, income interest, profit, attorney's fees, costs, and atherfor m of damage whether direct, incidental, cc nsequentla 1, or special is limited to the greater of $100 or the authorized declared value ReMery cannot exceed actual documented loss.Maximum for items of extraordinary value is $1,000, e.g. jewe1q, predous rn&W% negotiable instruments and other items listed in our ServiceGuide. Written claims must be filed within strict time limits. see current FedEx Selvice Guide. t,++—,- 1/-—, 4?-Aanrn 11,*.I Mn] I I MI /101 A DATE:1112J/2014 CKM702 TOTALS585,631,409 BANK:Seaboum Cove Ph 11-00ratin: PAYEE: Palm Reach County Tax Collector(pa lm3363) Property Address - Code Invoice - Date Description Amount Seabourn Cove Phase 11 - 30863 30M.112114 - 1112112014 prop coritiol 0 08-43.49-04-11-000-00 505,831.40 Seabourh Cove Phase 11 - Operating JP Morgan Chaise 702 HARI Gesboum' Cdve. LLC Msnoga&by RIVerstone Residential GMUP (3090) IL V010AFTERGODAYS 1201 Elm Skrdst, Ste 1600 (Ph 561-752-0009) - 2-1f710 Dallas, Texas 76270 =71FI I I I I I I I I I I I I 'Trigg I i '10�M W11711IFT11211111 � rk",ff =Z M kWr7M1:M- 111,1:r M -Ma .. i 0 11/21/2014 $585,631.4& COUNTY OF PALM EICACHm NOTICE OFA VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS EXEMP110NIS1 APPLIED '08 4 , 46 t"M-1 11-0')U �X IQ'0 YEAR cO No. CMC 2014 1 °1171:%944! I oil 111111111 holill oil 111 to ollip 1111011111111111111 I OR � SE)WOURN -,()VL LLC HEITMAN CAPITAL MGMT 0110 19 1 N VpuKu L)R FL 25 CH2CAGO iL -50606,1885 ,,u r r ;,.gLin 11 E M 4 N 4 0 N STJ"J' N' TOTALADVALGREM 679,720.53 ffA0 FfLVERSESIDL BEFDRE CALLING NGN.AD VALOREM ASSUMENTS READ REVERSE SIDE BEFORE IRB LIWOU AuTHORnY TELEPHONE AM k AMOUNT 4 15.504 111 °.OyNu)�-AFflqi'+ ,..,�< 'ks' WUN i '5pl-742-511 0 _10 7''r 14.800,00 TOTAL NON -AD VALOREM 30,304.19 TOTALADVAILOREM AND IION-AD VALOREM COMBINED 910,0112.71 &MOUNT DUE WHEN RECEIVES sy Ott' 1. X')14 OC73L 21,014 2. t,0116 MAR 2 2015 TAXIES ARE DELINQUEN7 APRIL 1,201E 47T 3% 2% 1% .40 WSOOON7 DETACH HERE -INSIRE REVERSE SIDE FOR INsTpoUCYIONS AND INFORMATION— DETACH MERE COUNTY OF PALM BEACH: NOTICE OF AD VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS OOISSk---I DupCAIF dem........ . ..... 4 W) I !iAO'l `A.Avi,AjQN CA"Vf 1 'L iLIVNIAN ':A,i '!�AL MGNC.1", Lrl N NACKL, t C'.8''Y IcAg P 11L 20141013694470610032?13 LEGAL DESCRIPTION K!LLANS PARK LTS 8 THRU 14, LT 15 (LESS ELY S.RY FT Sf? 5 FVW), LTS 16 THRU 29 30 FT AUND PT Or MILLER RD LYG 3 OF ADj TO LTS 6 rHRIJ 14 IN ORID827PI799 f,'fC 1,2014 U E 0 :3 1, 20114 A [4 PQ BOX 3353 WEST PALM BEACH, Fl. 33402.MS3 m MAKE PAYMENT TO. TAX COLLECTOR, PALM BEACH COUNTY FtB 2, 2016 MAR 2, 2V15 a, TAM, AREBELINQUENS 7 APRIL 1, 2014 i'; NO 63;u71'l"i9 2014 REAL ESTATE PROPERT)'TAX BILL 2014 REAL ESTATE PROPERTY TAX BILL READ REVERSE SWE BFFOREC4UNG AD VALOREM TAXES READ ANERSE MBEgEFVRE CALLINC 1AXiNGAUTHOWTV IELEPHQNF M5555ED UtEMPTIOpt IAAAML5 MILLAQE TAXAMOUNT 2 OR "M7 2 . J CCAPOY JUN[ 6 'l ,, b 110"J6 141EN -w 133YNTW-!3!'X>1 7 a._}.i'. it 2 6 061 56L 74 0 !J00 Y5 h0l'5:" I 2j 627 3 irMl ISS 2 10.: PAL',. LT --1 �'ARE 061PLC:i i-,70 e I C 4 4 - .9 A3 7 '.5..306,271 . .� . .. L�`-',1 t 9 9 S I A L h A i"! U 2L. 7 'd. �0' 05 18 i iA WA I WANACUAV 686,8AW) 2t5 t,j6 21.1 '..A WAIEtOCWT 'Kl 3 Oki; QA.,7 7 4 3 6 TOTALADVALGREM 679,720.53 ffA0 FfLVERSESIDL BEFDRE CALLING NGN.AD VALOREM ASSUMENTS READ REVERSE SIDE BEFORE IRB LIWOU AuTHORnY TELEPHONE AM k AMOUNT 4 15.504 111 °.OyNu)�-AFflqi'+ ,..,�< 'ks' WUN i '5pl-742-511 0 _10 7''r 14.800,00 TOTAL NON -AD VALOREM 30,304.19 TOTALADVAILOREM AND IION-AD VALOREM COMBINED 910,0112.71 &MOUNT DUE WHEN RECEIVES sy Ott' 1. X')14 OC73L 21,014 2. t,0116 MAR 2 2015 TAXIES ARE DELINQUEN7 APRIL 1,201E 47T 3% 2% 1% .40 WSOOON7 DETACH HERE -INSIRE REVERSE SIDE FOR INsTpoUCYIONS AND INFORMATION— DETACH MERE COUNTY OF PALM BEACH: NOTICE OF AD VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS OOISSk---I DupCAIF dem........ . ..... 4 W) I !iAO'l `A.Avi,AjQN CA"Vf 1 'L iLIVNIAN ':A,i '!�AL MGNC.1", Lrl N NACKL, t C'.8''Y IcAg P 11L 20141013694470610032?13 LEGAL DESCRIPTION K!LLANS PARK LTS 8 THRU 14, LT 15 (LESS ELY S.RY FT Sf? 5 FVW), LTS 16 THRU 29 30 FT AUND PT Or MILLER RD LYG 3 OF ADj TO LTS 6 rHRIJ 14 IN ORID827PI799 f,'fC 1,2014 U E 0 :3 1, 20114 A [4 PQ BOX 3353 WEST PALM BEACH, Fl. 33402.MS3 m MAKE PAYMENT TO. TAX COLLECTOR, PALM BEACH COUNTY FtB 2, 2016 MAR 2, 2V15 a, TAM, AREBELINQUENS 7 APRIL 1, 2014 i'; NO 63;u71'l"i9 2014 REAL ESTATE PROPERT)'TAX BILL III 1 :44111'' ill 1111hiillm"ik lAill''I'l III! 1111i M61.-0101,11 N i x x 0 0 v 0 0 r N 2 CM CL w N?0 cl rZ C Q O Iqf O) O 0 ami U U w - CL O L 0) Q 0 N IL 0 0 O sem+ o a a • cn co Q Q x x 0 0 0 0 0 0 0 0 O O L[ 3 M w N?0 rZ O CD r ap O Iqf O) O 0 o O LO O W CD O L 0) O r 0 0 0 0 0 O co CO) p l ti r NO L6Ld6 O O CD p-, It co r- CO OD �O CO N Itt O N C! OCD N 0) O It mm v co Lo m IA p m413 K3 to Eli 41} 6�? to 6% Ei3 0 413 W N U O N clW m � � J H> � N ca oZ t CD N p a O C a L a + CD c a rnCL a x cmcc ca U U' � as LU 0 X C (3 z �- a� 0 U 0 o m a c U E C C � aD E X 2i L w CD N E C c cl o �• (D C C NC cx> a N A 0 t N U- H N p i �. O x 000000 o_ a o �'o LO m00000 E 000000 CB O O L c d? LL v N 0000000 p a II C+-' II CC m �° La C �± U � C N C00000 0 O 0� oc>saa C+, V V mt r, C?� rn a p+= CV*��*� Q1 C 0��p//� LJ. L Q% //�� O CO to CO (0 w � E II w C= C N y Li 'p .0 N cm arr��v� o a tm �U o:+ 3 `o d C a M�MM� 3 v Qy _ LL U cacm Q M d E CL o �~°o o a� a o0000 ziZZZZZ �'� •p WUjjUV m N gyp.. coo � a a a a a N d H Q C Q H H T cz N M L.m 0 CL d w O a TQQO v T- r C3 ®i N C O�7 a) a CL M T• o cn n 1 a cv r� c5 TQQO T- r all LO O o C) c, o T O G O P-� C:) CON.� d O N- ti r 0 0 0 0 N N f� t- LO O O N L O Mf CO T O O't CCS CD Cr! C'M IL (DMQ) �O� M LO to � q O N N O ui m Ef} Ef} t!! d3 Eli 69. 69. to a) H} 6`3 64 0). U a Q CL Q) �o 70 N m co a) a > CL a co C — (d a L N O a E CL C V/F W 0 a a ca o cx O U � _ m a a� OG � a + a � � N a ❑ LUa� U U a W X X c cv j � t6 z �_ a C a 0 U U � m U U 4 .r X as G U +� E v v U E o E E a a a) a a� a o a o a jL X ami O) C) aai � _CL O a) CV) O a) 6 a � o C4 -Q O U v o99 o rn L00 O a oU (c N C- 0 O� $ a o o IDa U (D L) a >ip N a+ Cn O 2 :3 ¢ v as - a tY a)�4 O -0 Co� a a 3 c °�� �' ° rl E I iE � c 0 a cm c uai a) > -0� cm a Nr d a 0 a :3 a cm —U O ca 3 o � N �� c ca�� � - ~ ¢ co E 0c6c6 o v > a c a � U- •D N w a tr o Z Z •� - 3 0 U w a N cII O L ��� �'V ¢1.91 3 0 o a` U U° NB w A I-Mli =1 0 19 VA m W] kik 1111 M M44 J� 14 Ll k MT -26"m m � I JA I im Gulfteam Gwdej woseaj)Ouyn (�Gvv ph= .1 I 1-1111,11"Kall"I'm o I= ""Asmunmr) mkrW mto " of d. day of k 4.,"lis&720TIby betw 90"TON Bum W A(UNCY, a pmWc. ggmr 1: y MWA-4 Pm=smt CIMPW''6 l �33, kwacm www= of 710 Nalth (hemkdikr MfOrW to a "CRA'I wiffi a , Inalida 3343S. o"Ild IJA a FIGII& Ifinbcd 11*ft Of, 601T*,W4 FkW&, 33606 ' Y cm"iffinx with a budnm ad&css ve (b"*Inafiw 0011=dvtlY reknvd to w ow aaE mmuh WO afflHOM Of ft Dcvdcpw. TBZ hwain coxta; in t'lf of to mutua] PMLWX, MWMto and alpem=to it is opeod considmAdoff, dw reodPt of'Which is UWOY adnowledgu% a I lm�� 66A9n*MSNt" numm thm Dimt hwenbve FmWMff Agmmwt and aH cchibils and attwb=ts gmvto. a any of ft am may bomfter be amended from fim to time. "Bame Vidue means So amassed vgue of the lhqwt as dttwn&ad by the Palm Bmah County Property Apprwsw prior to oonstrwdon of dhe fiWwv==tR and as refiected in Ekbibit "WI dbwhcd hatto. "Cmdficatfoe mw= the avdamtla; or proom fbi dw Nadond Anodatim of Ha= Beiklrjs Rewgwl CenW wbich boues WaboW Orem Buddmg Ckrtlfimdcw to a types of rawkvxtjaj ocnebuctm nm or zaarodeled dWe fkmily homes, new at mmx&lcd mulblammly buddhim and rmd=tLal lmd dvvdqp=ts ffid med the onteda of aw IOC 70OL2008 Nadond Grom BuMmg StOXW& 'CW me= the City of Bopton H=h, Florida. gTroject luer -meat RevenneO mrAna ffic amount depowited in the Re&-vvlop=t Thnj Fund for the R Am pmmumt to Florida Slftatute-% Skw6on 153$87, which is aMbtlable it) The PrOed. "- T alowls therealkpamp",ty desgribed ian Z&bW'in &7n Em� units have mcxvcd it Gold t t rt ° .ot hmthe Pwutng Agmwnm� Impkmwtfffion of the CatificafionmquiremeaU shall be w follows: IIIJI .11, e,11,1111 The CRA'sW Dishmmment of Nred lwmfiw, hOgrm Funda shaU owa upon (1) Amptsr4ce and nd XUFI.Xnted saidij: RVm ka t kV *0 CRA E Td, (2) 6W crx'tifir'at'on of tex mscamcak within the, CZA Diy skict bthe Pohn.Bach. County pjVp* pprai or rty A s the, Patcadiag your, ja-9 P'YM"2 by'll"D dWVrJOW of ad valor= ?Sxas ftr U-1 If 11,Rm Ihe Alanual autfit deft belowthr. Gold Rafipg, and Develope, ha hW� tU Mk= th2t OnY Of LIM 'Inks ka,. fiLlm anatial "T"PcIltUOY tO Ove w2dw gmticn a below, the 9 Cp &W' WkWmId the ple4W 1310ialst h=m'cW Rmmue, paymcU. A 1,11,94OLS k� Commence legal Kton for thaludicial anforcememtI �.Withhold the disbumemicant of any payment cr any portion of a paymcwt. L-2.1 Take other. 9al actions, that. mo, mm .. ' the pmMirw ptrty shall be =M UW dqVolloo levels, to n owwd of from dw a eA -® 9n- ','he ObligstiOw Of Developer and CRA shal taminate upon tte carhcr Of (I) oxp�;60n of the ptqm � t t , , pad' t i titin x "t p=iods, Or (H) Mure by the Developm tO COMPIcbe the Projed by Xune 1, 2013, UMM extemdod i Commmdng reourds whisk zrfimatMimt M9 4:`m 601 Baydwn Boulevard, SWte 650 .. Any Nate may be Sjvm in a MmMer g ded in Ws Agrmment on Pwtv's befifffits aftomys dcWpiaW by Buell Party by Notice hammdvr an theyewipt Uxmfinv�.Evay Notice BW be Cw on the, ° N ., x �� i ted j t� M The Parba Rckuawledge that tmvw m „ in the pexformanne of the providolmWe A t, p, '� , tundmft&t . &is AVwn�VW Duty W added to, =dMed. zqpmsa&-4 eCKbawin , � ' ri ffi t pm"ties i t retww4 tO irl this Agremm am iumWrated hmvin by mfvmce,ar Pmen or1'-9 AMMOR-1Z If MY POOvision of this t f V " . , t t , t ° � ,. MW t � ti f e dOr el : 5ourf W Than fl1offe as to it RIMU effort and be. enfined to the t wftnt Paulifted by I.W. 's, and conftons h, Agrcmierit and the tDirwtbmdive t t IU ANN=. Readings be, cowidewd in any hemin . ,, :fog wnvemence OfYckamce MAY and Ah9I not int "w of thir, AgtvmmLuL obhpte the pwty for wbom or an whwe behalf he or obe is vipmg with respca to 0 pmvW= conteftwd in Wa j Florid& LOU The; Aorwment may be rewided m the Pith& ke=ds of PWS Bewl Coway, JU Anyabhgodon so omted by thLi Agnmee, sWI be, cfMIve in a lim oily upun the rmonling of audi Jim and I. be subordindt to =W mortVp applicabLe to mwh propexty Not withstaiAng tho fon-gomg, nofimg home.omtsdrxd WWI bo umstund as mwft an oWiptim hereandar i, ffi or holder of odar wmity WaM mclu&ng deed of bmat pdar to und Moripgac or hd&- "Wxmg title by fh=kmvv or cdxxY;Iw. JW Nothitig conWned in US Am=dmcmd RMU be dwmed to be a figid in fivor o& or a daty to, ft gcn&TJ pWfe tv =y taumt owupsA im4te, t=pon or p== ol ezdty of =y Othgw ItAtra a' classificaflon for imY rmam 13M or pirpm wfztemver� whatba pubic ot pdvs:;, it bdng &- inumfion off the paitm hamo dw. nodiks in this Asixmmt. tmpremd ca, imp&4 shall Conft japon am pt=on or calfty any � ts gmtod to, or dart b favor of, a flurd patty bcn,,i& Wy an nukbor iubmmkd nm paubi N, IN 'Art W MA2- 71- is SmOon I I &W be parammid to dj Offier pwvjW= of t1us Agru=e "00"Od'V9 b"t nOt limited to Swdon 4 and switm S. mt 'PAIAGE Page 13 of IS IN VVTfNFM OF THE VORW30ING, above'smWen. ,. .., tevi H. tt M „ . OFAGE W . INLLQ LEFT BLA ; [CITY 9IGNATURE ON VOLLOWING, PAGE) STATE, OF ,. LoRmA COUNTY OF PALM BEACH WrON BRACE ,M wo 813r. CRA M mm NSA Um ` pal 4m', z Via- adwRtMmomptillas Phase 1 AIL COW" GUMMEAM GARMI! MUNWING 11) THE KATMERSOVin' AS RECORDED IN KAT, WOK10F, 1"NAASM'S 1745 AND Yk CW TWE PUSS C RMXMM6 OF e,44,PA 1UID SMD LK VANG M! IM CWT Y OF MROM BENT AALM IN 00UNTY, FL0,0111DA, Exhibit "'S." has I E,S'flAfA'IIDpLE, IKNYL,,D pRojECr TNTCRE-ArMINIT RE VE43NUL4, CALCI,%ATJON WORKSHLCET Is -M, 1 -W49 - o -f Xx5a.v mallm., + Rates mr, set L -- tl M-cated b (XrE,& llov*lopor br—MVve Vr aw baNd, On City and Cknuov , mouyv, tlu" use 'Um" waml]Y and fhsized h -Y S%Vlvvntw 30 of mm d )qm . . ... ........ ................. MC7,48 I 131 'If 73 T...7_ S S -0 1,31 ... . ..... ... ... . a �, U1,1 SKILT. MC V1 Fl WIVOmV2VMA tSi"'d1Y - i msmto� mmmtimm"ma'", �S�tJ=its r £loam`SS'.u".`Ip�A °}1?n rs'n 8,y�`' �Y�mc,2'F.Ad01�YiR7�C�✓.`°a"u`'kW"^'x'if'�i n 9".;'a`14.' owitmowasmooftsm,kaewt I%v,�ti %cc n'4rt��° OVA l/W IN, how 004ma, ImI ma �iti�°� ��',` _?`'�",�is`����'��,' ?d"�.�'"na���w"�"`��. `:?>�i6 "��`¢„'„��°^ea��ka�`'r.� m�'��. k a�c����n�s�su€,°a�.�a�?.e ���a �r�t��^�,��,�e aawt�aa�a��+a���,u'a"wu, a�,�a��a aka�si�;a s: omoo;nv�11�1llVIVI;iCnAi"`�ttY`, u4�St�W, i'�hRr;€��n4a ,%Njw,omTxm NOVA-; M, ssl 6 ft-' � -: �amm"WI ,t�?� wn, IMU`S''fWr''MO�4RY's, tu?:We�LY �d14iC'i.NNiW:u'� ��tUht NCt'3f' �.\�Aw^U iffil ilk, taetz�Ytt4�� ��^�m ats��e���i�ir�ttt;�c�v���i�r �rm"��•�ur���rtsY¢n �:N,���u�r a��c����� i��Dl;1� 'ate ` '� i c -xawmjL am ° ��` cls . m s v�.;I D tool 'P1t'w*0 f .wig a eft Fhz mA' m#fel sssszIS aa� wa'az a lob two p4mmtr�� �� os agmemommommi"un, ' ll§���k� *l%6%%k i k % WN'I�s � 'iom��=ai RNiaUM�'�o-a,. "tl%ltM,*-*kall tI" a�sQ��,y ";111-1 _. &.@.ask"$t ?; rm' i al -l".011, f?Voi ���1�ab�i� a�aib"'i�?s�t�'t`�4f�'Im!�",��,h sur"`1�Y'f1�e R Ir�t til.: Ibtii i�tlv t, �t. trtr tr,�,�t; ,P �n e. t,„� ��t r _ 1� t as» "v 121 'firI W 2 M d-2 int q`.—V !�•b�sait»— r - - i � �r«x�.a`YKNtp'h,.Wtr^i:-r. 1 VIM WWI f40 M04: DIP I it LIT 14 3j -lid cl O sam fir lam a �"��wzrts�-� �-x�"c�, �"s�=-�..'.s.�. anj ��-� r`i.'a';`,�3 � � � � �a .. ��a� ...-.-..:"�...... a �,n-�w�.:.-.. ,�..•'�, � 3r µ;��. �' ,.,c�.o `mc° ;.�_. Tf, omr;Z�@ -v 14�i t. ?Jul1 y F PUT) I M� gem t effectiveEXECUTED as s # day of Deember, 2012. (919natureR appear on following pagesl ' 111111111 1rIII;111111iI:ii I iilii:i By: AChurlesB, Fmk, M411 Y, I IFFIRIIIIIIIII !lgi�' pp'�111111 )3y,,_ Name, Thomas P. Kelly Tifle, Senior Vice President 348000-24 Asmigninent And Auumption of DFA,(v. I)Aoc GULFSTREAM GARDENS, LLC, a Florida finaited liability company MM Clarle's B. Flulk Mwagex ILMI JAITI �Jnfmll M � pwI s:aj�p� pippill I — — ggq ' 'I �s=wr4g,tiv By: Nam—Pi ily rup<:e. Saaiorvioepre30112t— Exhibit "A" Legal Description All of the plat of GULF- STREAM GARDF ,NS, according to the plat the 'reof gs mcorded in Plat Book 107, Pages 175 and 176, of the Public Rewr of Palm Beach County, Florida, RA ffn 1 Wilim El - Z 7. �-M I M I This an agreement (hereinafter "Agmement") entered into as of the A day of 2 11 12. by and between: tq "- illWO 1 9711 Mit 61 WHEREAS, as peft of its staftgy to "encoumge large-scale projects, which define new markets; quality, innovation and character in the. CRA area" the CRA has adopted a Direct Incentive Progm--T-7 dated March 22, 2004 (hereinafter the "Direct Incentive Program'); and WHEREAS, this Agreement pertains to Direct Incentive fimding for that certain projee- cuffenfli . JA P 12-1111. h1 vri 11L77v117,W4)11 MiT11,TWiN MW MoMOW sMo=71ToTro 7 a : i a WHEREAS, at the March 13, 2012 meeting of the CRA Board, the CRA Board of Di (hereinafter '�CRA Board7) by appropriate action made the Project Oigible fbr 50% of the maximu 11 incentive permissible under the Direct Encentive Progrsm� subject to approval of a mutually ac Direct Incentive Funding Agreement (i.e., this Agreement); and 1 :1 i i I ) V , I U WO , I 1 4 1$ 111 WElEREAS, at its Much 13, 2012 meeting, the CRA Board approved this Direct incentive r7undi1g Agreement. g I aw wsww it is agreed herein betwom the parties as fbHows- Section 1. Recitals. The foregoing recitals are true and correct at the time of the cxwution of this Direct Incentive Funding Agreement and are incorporated herein. Section 2. Derinitions. As used in this Direct Incentive Funding Agreement, the Following terms sb4ffl have the following meanings- "Afillbte" means a company or omporation that the Developer maintains a1y ovnwrship interest "Arreement" means this Direct incentive Funding Agreement and all exhibits and attachments thereto, as any of the same may hereafter be amended from timc to time. "Base Value" means the assessed value of the Project as determined by the Palm Beach Con eIM, Proprty Appoo ooo praiser irir tcnstructin f the impravements and as reflected in Exhivit '�B" attadl hereto. '�Certificntien" means the credential or process for the National Association of Home Builders Research Center which issues National Green Building Certification to all types of residential construction; new or remodeled single-family homes, new or remodeled 1! 11 buildings, and lie ii'! land developments that meet the criteria of the ICC 700-2008 National Green Building S k 001 1 4 8 4 wr7m 1.11ga M "M y= "Commence" or "Commencement" as such terms relate to the commencement of construction of the Project as required hereunder, means the issuance by the City of the permit required for the commencemerrt % f sucverical nsMiction vurwrMtAv of vertical construction and the commencement► h t and in accordance with such permit. "Developer" means Gulfstream Gardens Phase II, LLC and any assignee or transferee of 9', T_d!M&(F7 t1 e_19k- , d' --mal permitted assignment or transfer, "Electric Vehicle or EV Charging Station" means an electric recharging point, charging point and EVSE (Electric Vehicle Supply Equipment), that supplies electric energy for the recharging of electric vehicles or plug-in hybrid electric -gasoline vehicles. "Gold Rating National Green Building Standard" 1he National Association of Home Builders' (NAHB) Green Buildmg Program based upon American National Standard Institute approved TCC 700- 2008 National Green Building Standard. The Standard defines green building for single- and multifamily homes, residential reinodeling: projects, and site development projects while still allowing for the flexibility required for regionally -appropriate best greem practices. To comply with the Standard, a builder or remodeler muff—i L&ite_ development; energy, water, and resource efficiency; indoor enviromnental quality; and home owner education. The Gold Rating requires 558 Performance Point inclusive of 100 "Additional Pointe under the program. 'Tledged Project Increment Revenues" means the variable disbursement to the Developer equal to 50% of the Prc!ject Increment Revenues. An example of how the Pledged Project %crement Revenues are calculated is shown in Exhibit "B". "Project" means that certain land development project currently referred to as Seabourn Cove, Phase II, City File No. NWSP 12-001, located on piWerty finther described on Exhibit "All within the CRA boundaries. "Project Increment Revenues" means the amount deposited in the Redevelopment Trust Fund for the Redevelopment Area pursuant to Florida Statutes, Section 163.387, which is attributable to the Prc�ect. Page 2 of 15 "Redevelopment AresV' means those areas within the limits of the City which have been declared blighted in acciordance with the provisions of Florida Statutes, Chapter 163, Part III "Redevelopment Trust Fund" means the trust fund established pursuant to Section 163.387, Florida Statutes for the deposit of iniancinental revenues attributable to the Redevelopment Area. "Site Plan" means the site plan for the Project, a copy of which is allached hereto as Exhibit '9E" approved by the City of Boynton Beach on March 20, 2012. "Systems Audit" means a review of the National Green Building Standard checklist from original inspections md certification of the units to confirm ongoing compliance, blower door testing to compliance with original testing. "Substantial Completion" or "Substantially Complete" means the completion of 90% of the Projed's units, as evidenced by issuance of a certcate of occupancy for such units. "fax Roll' means the real property ad valorem assessment roll maintained by the P"I Appraiser for the purpose of the levy and collection of ad valorem taxes. "Unit Type" it a Type I (A), H 03, C, D) or ill (B, C, D) designation based on the unit fl plan approved in the Site Plan. ol Section 3. Effective Date. This Agreement shall be effective on the date that the last pal to sign executes this Agreement (hereinafter "Effective Date'll). 4.1 Developer agrees to construct the units for the Project as described in the Site Plan and to obtain the Gold Rating of the National Green Building Standard as set out therein. The Site Plan may be moded from time to time by De-, eloper in accordance with and p to the Code of I frdb F " nffolfay R—M, tA 'K. I -"LWOI , k Owpix-ioc LV—RA -t". -Ig uI t-kizvz tLg to reduce the munber of residentW units, reduce the energy efficiency of the units, eliminate the EV remy tation or to mak an other change which would substantiall wou"a sum"'lal, 4.2 Convicted Vendor Ust. As provided in F.S. 287.132-133, by entering into this Agreement or performing any work in fintlicrance herel Developer certifies that it and its iges, cfg "L& jub I I Fill off TIT I IMIMA 1551 Section 5. Certification Requirements. The Project has been modeled to obtain a Golif Rating under the National Green Building Standard. As a condition precedent to its receipt of any funds pursuant to this Agreement, the Developer and its successors or assigns� shall provide evidence that the Exceeding the agreed upon requirements of the Gold Rating of the National Green Buildin! Standard in any subol ect ar sh all not entitle the D" X1 to 84W "-- PO Mi i-T-577MMA or LIF a UNKI ly-M-L-011 agawc UTJ F73"u—MY-777 m— ru—nos-IUM Lo ranure to mem the Gold Rating of the National Green Building Standard hereunder. Section 6. Direct Incentive FuLding. The direct incentive funding provided for under this Agreement is granted to the Developer for the purpose of offsetting, in part, the Developer's cost of maintaining the energy efficiency improvements and/or programs within the Project. 6.1 Direct Incentive Fundinz Formula and TerniL The CRA hereby agrees to direct fund, that is, to pledge and assign to Developer for a period of ten (10) consecutive yem, as provided herein, an annual amount which equals the Pledged Project Increment Revenues less any amounts deducted pursuant to the terms of Section 5 above due to the Mure of the DeveloM to comply with the Gold Rating of the NGBS. 6.2 Commencement and Conditions of FauffiRg. The an (10) year term for the receipt of incentive fLmding shall commence in the year that the following conditions are met: A. The Project is Substantially Complete; B. The completed improvements of the Projcct have been placed on the Tax Roll; C. The CRA has received Project Increment Revenues from such improvements; DSystems Audit Report is received and found acceptable by the City a -ad CRA; and E. An annual report is made to the CRA Board by the Developer of the status of the project at the next regularly scheduled meeting of the BoarcL rM 11i r=cYCHTE-171 Aevenue cturing Ifte cure penoa or it-ttle Developer is in default of this Agreement. I Fh` 711 M MINION, OU W TV N- W W for the period covered by term of this Agreement, 6.5 Subordination. Any Pledged Project Increment Revenue of the CRA pursuant to this Agreement is subordinate to the pledge of the tax increment revenue given to secure the CRA's Tax Increment Revenue Bonds pursuant to Resolution No. 04-04, adopted December 6. 2;l 04. as a�-svwded Section 7. Restriefive Covenant upon completion of the improvements of ffie Project and prior to the issuance of final certificates of occupancy by the City, the Developer shall create a Restrictive Covenant Agreement meeting the requirements outlined in this Agreement. The Restricave Covenants shall be apprx)ved by the CRA which shall not be unreasonably withheld or delayed or conditioned. Such documents, which da be recorded, shall contain restrictive covenants which shall include, at least, the following terms: 7.1 Certification Restrictive and Occui)ant Manual Covenants. The restrictive covenants governing Certification shall include the following: 7.1.1 All units shall be certified to achieve the Gold Rating of the National Green Buil Standard an! no restrictions shal . - - 11 InkiJitilt, or maintain t at standard. Two EV Charging Stations sliall also be placed on site as reflected on Exhibit IIEI� 7.1.2 A manual identifying the green attributes of each unit and the Project shall be maintained to famarize building occupants with the green building practices implemented and the impact of occupants' activities on costs of operating the building. Truining will also be provided regarding all equipment operation and control systems at the, cost of the Developer. 7.1.3 The Restrictive Covenants shall terminate at such time as this Agreement terminates pursuant to this Agreement including but not limited to Section 4 and Section 8. 7.2 Sysftms Andifift Restrictive Covenants. The restrictive covenants governing the Systems AucTit—ing shall contain the following: 7.2.1 On an annual basis, the Developer will perform a systems audit on Gold Rating of the National Grem Building Standard and ensure that the LTV Charging stations are in working order. This auditing process is based on the schedule attached and contained within Exhi 69D". 7.2.2 The Developer shall have the right to access the audited units to complete the Systems Audits described herein for the duration of this Agreement. The Developer shall provide the Sy5tems Audit Report to the City's Development Services Department on an annual basis, beginning April 30th in the year in which funding begins pursuant Section 6.2 and no later than April 30th of each year thereafter for duration of this Agreement indicating the units' compliance with the Gold Rating of the National Green Building Standard. Section 8. Events of Default Remedies and Termination. M99011M =- 11 JOEUfl—m U12153TRU L.F.LIET F -FLUS TLECLUTWIS Agreemen CRA- Notwithstanding the preceding sentence, CRA may at its option continue to make payments or portions of payments after the occurrence of one or more of such events without waiving the right to exercise such remedies and without incurring liability fbr fiuther payment. Ile CRA may at its option terminate this Agreement and any and all funding under this Agreement upon occurrence of any one or more of the following: 977,139M 9.1.1 Any representation by the Developer or its or representatives in or in connection with this Agreement or the Direct Incentive Program `SRIlication is inaccurate or incomplete or false in any material respect, The vacating, abandoning, or clRf the Developer's business except fR r a permitted assignment or transfer of such corporate entity, The failure of the Developer to observe or perform any of the terms, covenants, conditions, oblisations. or movisions of this Aereement in anv material remect to be obs,;;wreL -MI)MV-11th ni-wvZor, JLULL JrJLfCF.0,- 'Art wi P,c 4:010per- 8 UCMIFE is such that more than thirty (30) days are reasonably required for its cure, then Developer shall not be deemed to be in default if Developer commenced such cure within said 30 -day period and thereafter dently pursues such cure to completion. 8.1A The makin by Developer of any general assignment, or general arrangement for the benefit of creditors; The filing by or against Developer of a petition to have the Developer unless, in the case of a peton filed against the Developer, the same is dismissed within sixty (60) days; 8.1.6 Appointment of a trustee or receiver to take possession of substantially a of Developer's assets, where possession is not restored to Developer within sixty (60) days; or 8.1.7 The attachment, execution or other judicial seizure of substantially all of Developer's assets where such seizure, is nut discharged within thirty (30) I. 8.1.8 Should the Site Plan or building permit expire at any time., and within sixty (60) days thereof and Developer does not apply a for a renewal or extension, then this Agreement shall terminate and be of no further force and effed. 8.1.9 Should the Developer modify the Site Plan without approval from the City then this Agreement shall terminate and be of no flirther force and effect. 8.2 Remedies. Upon the occurrence of any one or more of the foregoing events set forth in Section 8.1, CRA shall at its option, give notice in vniting to the Dneloper to m= its failure R f performance if such failure may be cured. Upon the failure of Developer to cure within (90) days, CRA may exercise any one or more of the following remedies: 8.2.1 Terminate this Agreement upon not less tlian fiffeen (15) days notice, by certiflod letter to the Develop" at the address specified in Section 9.5 of this Agreement, such notice to take effect when delivered to the Developer. 8.2.2 Commence a legal action for the judicial enforcement of this Agreement. Withhold the disbursement of any payment or any portion of a payment. 0 1,1A Take any other remedial actions that way otherwise be available under M T to clz: Boynton Beach Community Redevelopment Agency 710 N. Federal Elighway Boynton Beach, Florida 3343101 With a copy to: James Cherof Goren, Cherof, Doody & EKrol 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale, FL 33308 Tel: 954-771-4500 Fax: 954-771-4923 2--5-1. Any Notice may be given in a manner provided in this Agreement either party's behalf by its attorneys designated by such party by Notice hereunder. 2,.5.2. Every Notice shall be effective on the date actually received, indic as dic on the receipt therefore, or on the date delivery thereof is refased by the intended recipient. 9.6 114 of the Essence. The parties acknowledge that time is of the essence the performance of the provisions in ihis Agreement. 9.7. Entire Agreement. The CRA and Developer agree that this Agreement se 9.8 Exhibits. Each Exhibit referred to in this Agreement forms an essential part of this Agreement. Any Exhibit not physically attached shall be treated as part of this Agreement and are incorporated herein by reference. 9.9 Severabtv. If any provision of this Agreement or application thereof to any erson or situation shall i to anj extent, be held invalidor iijigi- "*- 1T1171a.11113 Lill t4ffbif" UY SULMOXIN-ULICr AWIL-ALVsr; am w ,;;,Awn it siomi nave been held invalid or unenforceable shall not be affected themby, and shall oontinue in fiffl force and effect, and be enforced to the fullest extent permitted by law. 9.10 Priority of Interpretation. In the event of any conflict between the terms and conditions of this Agreement and the Direct Incentivre Program, the term and conditions of this Agreement shall prevail. 9.11 Headings. Headings herein are for con-mnience of reference only and shall not be considered in any interpretation of this Agreement. 9.12 Insurance. All parties hereto understand and agree that the CRA does not intend to purchase property insurance in connection with this Project. 9.13 Binding Authori . Each party hereby represents and warrants to the other that zach vnLmt-u*Rift" 1 'Wwcm- � gnt�Aaaff4f tye W -A ?M-? Ae. 1p!�Wfjzr -n capacity) as applicable, has fall right and lawful authority to execute this Agreement and to bind and OTOMEOM 11.2 This Section shall R' paramount to other provisions 4thisAgreement, including 1'butnot limited toSection and +!Section u U M IN WITNESS OF THE FOREGOING, the parties have set tbar hands and seals the day and year fiwi 0rive written. Eli I v zo *Zk_1 STATE OF F-URIDA COUNTYOF, 0 a Florida limited liability company By% /T. .PN*N=C: MAMA I—OL'Ot Title: 04gg go 99fi=1 U Mr -M - TO =K= MIR; M_ T IN WEL It vo; 67LI Agreement as the proper official of GULYSTREAM GARDENS PIMSE 11, LLC, for the use and purposes mentioned berein and that the instrument is the act and deed of GULFSTREAM GARDENS PHASE ][[, LLC, LWshc is pmonally known to me or has produced as identcation. IN WITNESS OF THE. FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this 5"t1r1'&Y of-5%� td-- 2012. AWA&. CATMERME COWN NOTARY PUBLIC UrATE OF FLOM DA Coffwn# EE170321 My Commission Expires: - 15--1 6 Notary Public, State of Florida at MVMFP�MINM16 71_..__ 1 A -IV 'I R1 Vill v 0 1 Wf 4 �U-v Ingo 4 W51DUMIMMICI a - El M. -TATS: M 4 1 IgOLIMEW, I I I 1 4 a IN' F ,r" FORE ING, I have - County aforesaid y of i I & - p Tr 00, -Wql 01 My Commission E)Mires-. 0 TOMM UTTEUMMM 11n.aLwo-wi Page 15 of 15 RECORDS OF PALM BEACH COUNTY; FLORIDA. BEING MORE PARTICULARLY DESCRIBED AS A PORTION OF RIGHY-40E-WAY OF MILLER ROAD, AS MWN ON THE PLAT OF KILLIANS THE PUBW RECORDS OF PALM BEACH COUNTY. FLORIDA. DESCRIBED AS FOLLOWS' BEGINNING AT THE Ek CORNER r Of SAID KILL[AhrS PARK; THENCE FAST ALONG THE NORTH RIGHT -OF -OF WAY LINE OF SAIDY• ROAD. A OF 450.W FEET, THENCESOUTH OBWIS'WEST ALONG THE EA9 RIGHT-OF-WAY LINE OF MILLER ROAD, A DISTANCE .r THENCE WEST ALONG THE SOUTH RIGHT-OF-WAY LINE OF NULLER ROAD, INSTANCEOF NORTH.445A9 FEET; VENCE :3D.00 FELT, .' THE POINT OF BEGINNING. LANDSSAID LYING IN THE CITY OF iON # BEACH. BEACH COUNTY. FLORIDA, COWAiNING 322,489 SQUARE FEET 0 ACRES). MORE LESS. M �14 In It To? 19t 1 *9 1, TA, a a Z I "Nali-Ow ;Annual Revenue created by Project IF M.'s Total ��Oning mdth CRA Years of Pledged Revenue 74 w MY M - --T T,7 imam mommumalrommmm � . y. i u { �-� amdob OMMM rANLMbBdft ammdft 1 4H,d K � �a awalm Gomm" bommehoWN Z=MIW "0=60. Oman mmw*cpgwmdmdm ���' .R.. is"t' i� 1. i� r ,�ti [.�i" -y i M= RACRIAM F n f,. �f� ,i.','s'ti tai s''. y�it )�t'. €1,'>, t�, J. ��, ji'Mi s A ;I., '1 1,'�'l,�J A III, I I I MA ma AV " I K" W 101141 Wan 32 a 00 111 14,40 -IM 1 , This Assigmnent And Assumption Agreement is made effective as of the �� day of Pr k.. 2,,:5,r ', 2013, between GULFSTREAM GARDENS PHASE 11, LLC, a Florida limited liability companyC'Assignor") and HART SEABOURN COVE, LLC, a Delaware limited liability company ("Assignee"). I . RECITALS. Gulfstream Gardens Phase 11, LLC ("Assignor") heretofore entered into a Direct Incentive Funding Agreement (the "'DIFA") datedAugust 14, 2012, with Boynton Beach Community Redevelopment Agency with respect to the property described on Exhibit hereto and Exhibit "A" to the DIFA. Assignor has agreed to sell the property described on Exhibit "A" to HART SEABOURN COVE, LLC ("Assignee"), and is transferring its interest in the DIFA. Pursuant to Section 9.2 of the DIFA, Assignor and Assignee have entered into this Assignment and Assumption Agreement. 2. ASSIGNMENT. For and inconsideration of the sum of Ten and •! 11 Dollars ($10.00), in hand paid, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Assignor hereby sells, transfers, conveys, assigns and sets over Assignee all of its right title and interest in the DIFA. Assignor represents, wan -ants and covenants with Assignee that at the time of delivery of this Assignment And Assumption Agreement, the DIFA is free from all encumbrances made b; Assiror, and that Assip-nor will wan -ant and againsl7none other. Except for this special warranty of title, the DIFA is assigned "as is" and Assignor makes no other warranty with respect thereto. Assignor agrees to indemnify, protect, defend and hold Assignee harmless from and against all liabilities, obligations, actions, suits, proceedings or claims, and all costs and expenses (including, without limitation, reasonable attorneys' fees and costs) incurred in connection with the DIFA occurring or alleged to have occurred on or prior to the date hereof 3. ACCEPTANCE AND ASSUMPTION. Assignee hereby accepts the foregoing assigmnent of the DIFA as of the date hereof and as of such date hereby assumes the perfonnance of 0 the terms, covenants and conditions of the DIFA with respect to the period from and after the date hereof. Assignee agrees to indemnify, protect, defend and hold Assignor harmless from and against all liabilities, obli ations, actions suits ceedin R iM 10 EXECUTED effective as of the 14 day o 2013. [signatures appear on following pages] $ ►. GULFSTREAM GARDENS PHASE 1I, LLC, a Florida limited IjAbi4ty company TSA COVE, LLC, a Delaware limited liability company By: Heitman America Real Estate Holding, L.P., in its capacity as managing member By: Heitman America Real Estate Holding GP, LLC, its general partner its managing member By: Heitman America Real Estate Trust, L.P,, its managing member By: Heitman America Real Estate Trust, LLC, its general partner By: 2T�-Z N : � ainehornas P. dell Title: Senior Vice esident 348000-39 Assignment And Assumption of DIFA Ph 11(v.2).doc RECORDS OF PALM BEACH COUNTY, FLORIDA, BEING MORE PAIMCULARLY DESCRIBED A' t FOLLOWS: AponomOF RIGHt-OF-WAY OF MILLER ROAD, AS SHOWN ON THE FLAT OF KILLIAN% PARK, A22ORDR40 TO THE PLATT m OF,S RECORDED IN PLAT #\\\ PAGE 196, OF THE PUBLIC RECORDS Of PALM BEACH COUNTY. FLORIDA, DESCRIBED AS FOLLOWS., BEGINNING AT TH»S WEST CORNER OF LOT 6 #><»I KILLIANS PARK; THENCE EAST ALONG THE NORTH RIGHT -OF -OF WAY LINE OF SAID MILLER ROAD, A DWANCIE OF 450.00 FEET, THENCE SOUTH 00*33!1.9'WEST ALONG THE EAST RIGHT-OF-WAY LINE OF MILLER ROAD, A DISTANCE OF .4< THENCE WEST ALONG THE SOUTH RIGHT-OF-WAY LINE OF MILLER ROAD, A DISTANCE OF 445.49 FEET; THENCE NORYM, A DISTANCE +2 30 FEET, <#<»E POINT OF BEGINNING. SAID LANDS LYING IN THE CITY OF BOYNrON BEACH. PALM BEACH COUNTY. FLORIDA, CONTAINING 322,489 SQUARE FEV (1.40 ACRES). MORE RL Consent agenda I I Old Business I X I New Business I I Public Hearing I I Other SUMMARY: The CRA Board typically holds the CRA Budget Meeting in August. Last year the CRA's Budget Meeting was held on Thursday, August 7, 2014. Please note City Commission meetings will be held on Tuesday, August 4 and Tuesday, August 18 and the CRA Board meeting is Tuesday, August 11, 2015. The majority of CRA Board members have been polled and indicated a preference for either Wednesday, August 5 or Thursday, August 6 (highlighted below). Consensus is requested by all CRA Board Members on one of the dates listed below. Location: Intracoastal Park (subject to availability) ' : 6:00 p.m. — 9:00 p.m. or until close of business Dates for Consideration: Wednesday urs a August 5 August 6 August 12 August 13 August 19 August 20 August 26 August 27 The final budget will be presented to the CRA Board for adoption by resolution at the September 8, 2015 CRA Board Meeting and thereafter brought before the City Commission for ratification on the date of the City,s 2nd Budget Public Hearing and Final Adoption of the City's FY 14/15 Budget (date to be determined). FISCAL IMPACT: FY 2015-2016 Budget RECOMMENDATIONS: Provide consensus for date for the CRA Budget Meeting for FY 15/16 CRA BOA" MEETING OF: May 12,2015 Consent i Old Business I I New Business I I Leeali F i tioOther Ali 10J X" 1. Gulfstream Auction Gallery Inc. -640 E Ocean Ave. { in approval process ) 2. Good Guys Junk Removal- 410 NE 3rd St. 3. Solinda Waxing Oasis- 640 E Ocean Ave. 4. Mini 99 Cents for All- 507 N Federal Highway 5. George's Shoe Repair- 640 E Ocean Ave. FISCAL IMPACT: NIA T4► T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORT=ompleted Agenda Item Request Forms by Meeting%FY 2014 - 2015 Board Meetings\May 20151New Business Agenda Item May 2015.docx