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Agenda 03-08-16CRA Board Meeting Tuesday, March 8, 2016 @ 6:30 pm City Commission Chambers 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 REVISED 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. Music on the Rocks B. Movies in the Park C. 2nd Annual Boynton Beach Blarney Bash VIII. Consent Agenda: A. Approval of Minutes — CRA Board Meeting February 9, 2016 B. Approval of Period Ended February 29, 2016 Financial Report C. Monthly Purchase Orders IX. Pulled Consent Agenda Items: X. Information Only: A. Public Comment Log -None B. Marketing and Business Development Campaign C. Media Regarding the Heart of Boynton Neighborhood Policing Program XI. Public Comments: (Note: comments are limited to 3 minutes in duration) XII. Public Hearing: None XIII. Old Business: A. Consideration of Entering into Interlocal Grant Agreement between the City of Boynton Beach CRA and Solid Waste Authority of Palm Beach County and Allow the CRA Executive Director, Vivian Brooks, to Execute the Agreement on behalf of the CRA Board. XIV. New Business: A. Consideration of Interlocal Agreement (ILA) between the City of Boynton Beach and the CRA for the Property Maintenance of the NE 4th Street Parking Lot B. Consideration of Approval of Interlocal Agreement between Boynton Beach CRA and the City of Boynton Beach in Regard to the Solid Waste Authority of Palm Beach County Grant C. Consideration of Performance Audit - Boynton Village, LLC - The Preserve D. Consideration of Approval of PRH Boynton Beach, LLC's Performance Audit for Year Ending December 31, 2015 for the Casa Costa Project E. Consideration of Purchase Agreement between the CRA and David Hargrove for the Property Located at 146 NW 11th Avenue as Part of the Model Block Project F. Consideration of Letter of Intent from Ocean One Boynton, LLC for CRA -Owned Property Located at 222 N. Federal Highway G. Consideration of Publication of a Notice of Intent to Dispose Real Property for CRA - Owned Property Located at 222 N. Federal Highway XV. Executive Director's Report: A. CRA Advisory Board Packet for 3/3/16 B. Recap of CRA Plan Consolidation Workshop held 3/2/16 XVI. Future Agenda Items: A. Consideration of Purchase and Development Agreement between Ocean One Boynton, LLC and the CRA for 222 N. Federal Highway XVII. Adjournment NOTICE IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE CRA BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, HE/SHE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. (F.S. 286.0105) THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED BY THE CITY. PLEASE CONTACT THE CRA AT (561) 737-3256 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE MEETING PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRASS WEB SITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRA!S WEB SITE CAN BE OBTAINED FROM THE CRA OFFICE. CRA BOARD MEETING OF:March 8, 2016 I Consent Agenda I I Old Business I I New Business I I Legal I I Information Only 1X1 Other AN _111113140 • On Friday, February 19, 2016, the Boynton Beach CRA presented: Music on the Rocks, featuring The Funkabilly Playboys. • This FREE event took place at the Ocean Avenue Amphitheatre from 6 P.M. to 9 P.M. • Approximately 500 guests attended the concert and food truck event. • Food and drinks were available for purchase. Six food trucks were onsite, provided by the Foodtruck Invasion, which guarantees a rotation of the food trucks each month, and markets the joint event. • Free, on-site, parking was available. • The next Music on the Rocks concert is scheduled for Friday, March 18'h, featuring Professor Pennygoode's Mighty Flea Circus, playing Jump, Swing & Rockabilly. • Additional Happy Hour Thursday concert dates: o April 15th: The Intoxicators! o May 20th: Grinder Nova o June 17th: Red Eye Band • Marketing images (Exhibit A) Christophei Burdick Special Events Coordinator T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by MeetingkCRA Board\FY 2015 - 2016 Board MeetingsWarch 20161Ausic on the Rocks.docx (Exhibit A) Music on the Rocks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda item Request Farms by MeetinglCRA BoardlFY 2015 - 2016 Board Meetings\March 20161Music on the Rocks Exhibit A.docx (Exhibit A) Music on the Rocks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\March 20161Music on the Rocks Exhibit A.docx CRA BOARD MEETING OF:March 8, 2016 I Consent Agenda I I Old Business I I New Business I I Legal I I Information Only 1XI Other AGENDA ITEM #: VII. B. SUBJECT. Movies in the Park • On March 4, 2016, the Boynton Beach CRA hosted Movies in the Park, at the Ocean Avenue Amphitheatre. • The featured movie was E.T. the Extra -Terrestrial (rated PG). • This free event took place from 7 P.M. to 9 P.M. • Guests were encouraged to bring beach chairs and blankets. • Extensive, free parking was available onsite. • A trailer of select CRA district businesses was shown before the film. • Gift cards donated by the selected CRA district businesses, and Pirate Fest souvenirs were given away to guests through a drawing after the movie. • Food, snacks and beverages were available for purchase from vendors. • Attendance to the February 5h showing of Footloose was 150 people. • The next Movies in the Park feature is Ghostbusters, on April 1 st. • Additional Movie in the Park dates: o May 6th - Labyrinth o June 3'd— Beetlejuice! • Marketing images (Exhibit A) CRA PLAN, PROGRAM OR PROJECT: Downtown Master Plan I Mr rP-1 A�- IT -W�-r C stop urdick Special Events Coordinator T:XAGENDAS, CONSENT AGENDAS, MONTHLY REPORTMCompleted Agenda Item Request Forms by MeetlnglCRA Board\FY 2016 - 2016 Board Meetings\March 201 MMovies in the Park.docx (Exhibit A) Movies in the Park T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORMCompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingslMarch 20161Movies in the Park Recap (Exhibit A).docx (Exhibit A) Movies in the Park T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\March 20161Movies in the Park Recap (Exhibit A).docx V CRA BOARD MEETING OF:March 8, 2016 1 Consent Agenda I I Old Business I � New Budness. I I Legal I I Information Only 1XI Other AGENDA ITEM #: V11. C. SUBJECT: The 2�d Annual Boynton Beach Blarney Bash • On Friday, March 11, 2016, the Boynton Beach CRA will present The 2nd Annual Boynton Beach Blarney Bash in celebration of St. Patrick's Day. • This FREE event will take place at the Ocean Avenue Amphitheatre, and along Ocean Avenue from 1st Street to the front of the Civic Center, from 6 P.M. to 10 P.M. • Entertainment will include Fire in the Kitchen, Clockwork Knotwork, and Blues Dragon. • Retail vendors will line up on Ocean Avenue, along with children's activities, and a super slide. • A "Wearing of the Green" contest will be held with a chance to win cash prizes. • Food and drink will be available for purchase from KP Concessions, and Carefree Catering. • Free, on-site, parking will be available. • Marketing images (Exhibit A) CRA PLAN,, PROGRAM OR PROJECT: Downtown Master Plan her :- - ecial Events Coordinator TAAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSXCompleted Agenda Item Request Forms by MeetingNCRA BoardVY 2015 - 2016 Board MeetingsWarch 20161Boynton Beach Blarney Bash.docx (Exhibit A) Boynton Beach Blarney Bash T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORT=ompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2016 - 2016 Board Meetings\March 20161Boynton Beach Blarney Bash Exhibit A.docx T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA BoardwY 2015 - 2016 Board MeetingsWarch 20161Boynton Beach Blarney Bash Exhibit A.docx T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board MeetingslMarch 20161Boynton Beach Blarney Bash Exhibit A.docx MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD ON TUESDAY, FEBRUARY 9, 2016, AT 6:30 P.M. IN CITY COMMISSION CHAMBERS, 100 E. BOYNTON BEACH BOULEVARD BOYNTON BEACH, FLORIDA 33436 Jerry Taylor, Chair Joe Casello, Vice Chair Michael M. Fitzpatrick Mack McCray David Merker F!"I �49 j R r.?.T III gu; milIgIIIIII:IIIIII�IIIIIII Roll'call established a quorum was present. zmnv�� B. Adoption of Agenda Motion •. 9 -*it I Mr. Mcdray moved to approve the agenda. Mr. Merker seconded the motion that unanimolisly passed. A. Disclosure of Conflicts, Contacts and Relationships for Items Presented to the CRA Board on Agenda Items IIIIIIIIWIT I� I � I � I I I Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 9, 2016 Vice Chair Casello met with Morris Kaplan •. Atwater Infrastructure regarding the Town Square project. He attended a ceremony at Boynton Veterans Memorial Park honoring the Four Chaplains last Sunday. During WW 11, a troop carrier transporting 990 soldiOrs was hit • a German •'♦-•• and • 220 soldiers survived. The Four Chaplains gave their life preservers to young sailors and went down with the ship. He announck Alexander Seltzer received an award from the Veterans for her outstanding reporting regarding veterans affairs. Messrs. Merker and McCray announced they also met with Morris Kaplan. 17 Chair Taylor met with the Kaplan Group and toured the 500 Ocean project with the developer. He noted the developer had problems on 4 �h Street due to underground AT&T wires. The developer addressed that issue and would reopen the street. Most of the underground work was finished and the garage should be completed in the next three to four weeks. The developer was making progress and was back on track. 7-1116171111111 VII. Announcements & Awards - #n Saturday, January 16th, the CRA hosted the first annual MILK Celebration of Unity z -vent from 12 noon to 6 p.m. Mike Norwood, Pastor Davis, Historian Victor Norfus and Ms. Boynton Beach were present. A concert featuring Speaker Box, the Valerie Tyson Vand and Defunk and the Flow performed. Food and beverages were available for purchase from local vendors and there were retail vendors and children's activities on Ocean Avenue. About 900 people attended and staff looked forward to a bigger event next year. The MLK Committee presented a collage created by Alan Luby Photography depicting all elempnts of the celebration to the Board for display in City Hall. Alan Luby Photography also created a photo album to be presented to Michael Norwood and the MILK Committee as a keepsake. K Meeting Minutes Community Redevelopment Agency Board Boynton -Peach, Florida February 9, 2016 I A M-'Ftr•-iTW111l' - 1 0 -a i1i IM 17-n I kA, =-- I &M21161 Mr. Burdick explained on January 9th, the CRA featured Footloose from 7 p.m. to 9 p.m. Guests Ware encouraged to bring beach chairs and blankets. A trailer of CRA business was shoWn and gift cards from the highlighted businesses and Pirate Fest souvenirs were given out. Food and beverages were available from local vendors. The March 4 1h Movies in the Park would feature ET the Extraterrestfial followed by Ghostbusters on AprilLabyrinth on May gth, and Beetlejuice on June 3d, A. Approval of Minutes — CRA Board Meeting January 12, 2016 B."Approval of Period Ended January 31, 2016 Financial Report C. Monthly Purchase Orders A. Approval of Commercial Fagade Grant to Alliance Group Enterprise, Inc. a= Mr. Merker moved to approve the consent agenda. Mr. McCray seconded the motion that unanimously passed. remsm, r-r'N7'rM7-'Y*T'1J2 A. Public Comment Log -None Malawi Was W a 6 #6 0 0 Chair Taylor thanked the BRA Board for promoting the project and thought the CRA did a wonderful job. The video will be submitted to the Florida Redevelopment Association and hopefully would win an award. Ifl Meeting minutes Community Redevelopment Agency Board Boynton Beach, Florida February 9, 2016 Chair Taylor advised he received many comments the CRA had the best booth at the South F16rida Fair. He thought it was outstanding and praised staff on a job well done. X1. Public Comments: (Note., comments are limited to three minutes in duration) Chair Taylor opened the Public Comment. Dr. Piotr'Blass, 119 W. Tara Lakes Drive, was delighted with the MLK Celebration. He thought Boynton Beach has wonderful democracy and commented there is an election pending. He noted when there are debates, all candidates are invited. He pledged he will not attend any debate that excluded any candidate and hoped the other candidates would do the same, The New Disciple Church excluded him from their debate and he planned to contact them. He announced he would speak to the Boynton Diner and have on6-more debate on March 10th. The press will be invited and candidates could speak for 20 minutes as opposed to two minutes. Dr. Blass pledged if elected, he would not draw a salary. He challenged his opponents to make the same commitment. Steve Grant, Mayoral candidate, had attended the CRA Advisory Board Meeting. He found it informative and wished it was taped or video recorded. He inquired who to discuss this with and learned his request should be directed to the CRA Board. Mr. Grant noted the CRA Advisory Board does not get paid and thought they should. He also thought the CRA should have dinner available from local CRA restaurants at the advisory Board meetings so the greater community would attend. He thought there was a lot of information being presented and it was not good it was only being presented to seven pqdple. He requested more trash cans and recycling bins on CRA property and pointed out there were 10 receptacles next to the Old High School. He could not move them to property on MLK or on 5th Street, but if he received permission to do so, he would. Chair Taylor explained only the City could move the receptacles. The City provides the trash cans and the CRA would have to review the matter and make a recommendation. Mr. McCray commented he represents MLK Boulevard and District 11 and he did not want a I ' ot of trash receptacles on MILK Boulevard. The problem was not the receptac.les; it was educating the community to use them. He drove by on Monday morning.,and a can was knocked over. He picked up the trash himself. Mr. Grant commented there was between 10 to 20 trash cans on Ocean Avenue and there were not manypeople walking on Ocean Avenue. UUMEM, - �• ul=-1 - 0 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 9, 2016 Mike Simon, Assistant CRA Director, explained the 'item was an update on the completion of the NE 4 th Street parking project. Vice Chair Casello was concerned about the, new plantings, but learned they were drought tolerant. Mr. Simon explained h was called a bio-swale, and the contractor was providing 180 days of watering. There had been'a lot of rain recently which helped strengthen the plantings and the intention was they should survive without an irrigation system. Vice Chair Casello asked who would clean up the litter. Mr. Simon responded the City and CRA would do so. They have a maintenance contractor there several times a week, but with the work from the Florida East Coast Railroad, the debris was strewn about. They were making every effort to stay on top of the issue and will get a trash can for the corner. Vice Chair Casello complimented the CRA on the Welcome to Boynton Beach Sign on Federal Highway. He was very impressed with the landscaping along the tracks and it made a big difference. Chair Taylor noted the before and after pictures were impressive. Mr. Simon explained this was an update of activities regarding the Marina Open Space Project in preparation of the release of the Request for Proposals or Invitation to Bid. Work on the exfiltration trench and the sub -surface soil evaluation had taken place after the demolition of the building. The engineers will use the information to enhance the design of the support systems for the new boardwalk, seat wall and roadway renovations. N rin��W Vivian Brooks, CRA Executive Director, announced two new businesses: Schmidt Stained Glass, located in the Flamingo Plaza, and the Twisted Fish on NE 4 th Street, the site of the former Backyard had opened, She noted the Twisted Fish business was operating under a different owner. Ms. Brooks included a status report in the meeting back-up. There was much activity regarding' the Town Square and there were many meetings held regarding the project. Other sites were being reviewed in the same general vicinity and staff was waiting to hear if the State would fund the Ocean Breeze East and MLK south sites. r4 -q Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida FebruM 9, 2016 Information on Approval of Grant Submitted to SWA for Blighte# Properties in HOB Ms. Brooks advised the Solid Waste Authority (SWA) has blighted and distressed property clean-up and community beautification grants and she wrote a grant with the City for three areas in the Heart of Boynton. This was the first time they applied and thn SWA said the grant was the best grant they ever received. The total cost of the threa projects was estimated to be $93,500. The CityVCRA requested $62,300 and the CRA will match $32,347. The SWA approved the grant and the agreement would be on the next agenda. One property was located at 909 N. Seacrest Boulevard which involved the demolition of an old b ' uilding and re -sodding land as part of the expansion of the Sara Sims Park. There would also be improvements to the wall at Public Works thal needed tp be cleaned and painted. Staff planned to landscape and irrigate the wall area and -.,replace the fence to provide screening between the site and the adjacen-) single-family home. The improvements would enhanoe the neighborhood. The CRA would also clear and grub the middle portion of the Cottage District so people could n& - hide there§. Mr. McCray clarified the property to be demolished is the Sims Barber Shop and Ma)i Beauty Salon. 41. Copy of Grant Submitted to Treasure Coast Regional Planning Council for Environmental Site Assessments Ms. Brooks explained there are funds from the Treasure Coast Regional Planning Council for two properties in the CRA that may likely have had industrial or auto related contamination. The CRA would be interested in buying the properties to clean them up or reuse them. Staff wanted to ensure if purchased, the contamination was contained on site and would not affect other properties. gill 11--t4 L61 I MIA 11--X-ttl 1,-, 6- 9 N. Meeting Community Redevelopment AgencyBoard Boynton Beach, Florida February, 2016 On a different matter, Mr. Fitzpatrick noted the CRA Board is an independent lega! entity from the City, and the CRA Board and City were operating separately. He understood the City Commission appointed the CRA Board, but questioned why the CRA Board • •' not Mr. Fitzpatrick thought it was comingling the organizations and noted the organizations have l: separate"• - ! • not -- it was the right thing to !'• ISM a. • !7TITZ27, 7 ml- There being no further business before the Board, Chair Taylor properly adjourned the meeting7:12 ! btkvuv�L Catherine Cher r�e Minutes Specialist 021216 30YNTC =BEACH: RA CRA BOARD MEETING OF: March 8, 2016 r X I Consent Agenda � � Old Business I I New Business I I Legal I I Informadon Only Other SUBJECT: Monthly Financial Report SUMMARY: Monthly budget report to the CRA Board representing the revenues and expenses for the month ending February 29, 2016. FISCAL IMPACT: None RECOMMENDATIONS/OPTIONS: Approve monthly financial report. 4; 1 Susan Harris Finance Director T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeting\CRA BoardwY 2015 - 2016 Board MeetingsXMarch 20161FINANCE - Financial Report-docx 40NOO M 11 Mas Ln 0 (A N In 1-1 .q 0 r- v 0 m 9 k� r!r- M r- v (h M 000 M 0 , ( cq C; C; '6�4 m N o Ll nal lO m N Ci nal w N rl . m C� r- cm -0 Ili cil 1! Ii MU 1 11 C� 1 1 't cli Ln a% N r� ; cm mM v C4 w fq N CD m v C4 0 r- .00 w -I N N 0000 colII il rIOQOC,0MNW0000O0 01 . . . . . . . . . . . . rA N EE 14 III kl 01 N 0 rn 0 11 at v rn m N 0 -0 W N Ow W N 0 0 N V W M M 10 Wm"N,1kvQDWWc5WaDqCD N r, -q w ma m C4 w -0 (D cc 'I -q CI4 In r. CK) N v N to Oi -i r- N " wA Ci 1� 1� It It Ili o 11 a, 113 r1 ri 0 0 -4 C-4 t, In N -1 t- C-4 Ln Ch 10 N W r - a to owavmrqldH MC407m co N .1 11 0 0 al N�j 1 a1 O en 0 at C� 0! 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FISCAL IMPACT: See attached 1 111111 ''i'll T:AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 20 16 Board MeatingsNIVarch 20161F INANCE - Purchase Order Report.docx CRA BOARD MEETING OF: March 8,2016 oil= U44 01 Z SUMMARY: The activities and outcomes of the marketing and Business Development Campaign for the prior month are: Boynton Forum Advertising- As part of the ongoing marketing efforts to showcase Boynton Beach events in an advertising campaign, the CRA staff allocated funds in the budget for a monthly double page spread in the Boynton Forum. Every month the double page spread has a different theme to support the overall mission to promote downtown Boynton Beach as a destination (Exhibit A). The month of February featured Blarney Bash which showcased the upcoming March 11 St. Patrick's Day event. Catch Boynton Blog - A blog is a website that combines text, images, and links to serve as a social networking service. The CRA blog can be found at catchboynton.wordpress.com. The "Catch Boynton" blog focuses on tourism and marketing for Boynton Beach. By blogging, we can reach a more diverse audience to encourage and inform them about Boynton Beach and all that the City of Boynton Beach has to offer. The month of February featured two local businesses The Boardwalk Italian Ice and Creamery and Rice Fine Thai & Asian Fusion as part of the business development marketing efforts. Follow catchboynton.wordpress.com for weekly updates covering a various scope of things to do around the city. (Exhibit B) Neighborhood News- Working with Neighborhood News to reach out to the western Boynton communities, this marketing strategy will continue to promote downtown Boynton Beach's special events. The February ad featured the Boynton Harbor Marina with an editorial about what the Marina has to offer the community. The Neighborhood News also featured Music on the Rocks promoting Boynton's free concert series. (Exhibit C, D & E) ZUV . rrom ect Marney Bash at the end of February beginning of March. (Exhibit F) Business Development Board Ad- The CRA and City partnered on a V2page ad in the BDB's Profile Palm Beach County's business magazine. The ad showcases Boynton Beach's commitment to competitive incentives, a strong residential market and the accessibility to major airports as well as water front dining, fishing and golf amenities. (Exhibit G) Workshop Postcard- CRA staff designed a postcard for the March 2 CRA workshop held at the City Hall Chambers. The workshop postcard was mailed out to property owners inviting them to attend the meeting to discuss consolidation of CRA plans to create efficiency for investors and residents. (Exhibit H) 11,1111 Pill ir'liql1ill � !1'", 111111 ill�illilli�ill�iiiiiliili III I'vilvilMiTirl"Irgrim.23, =.4 eaata �a r� aar �',ydav CATCHBOYNTON F; met If e -w iell d S`4U"I i ib.,s CATCHBOYNTON Exhibit C- Neighborhood News ad Cal -ch a Memory Y,.%Pi, ran%dy wd Nwr^ bwamb4irl evert 1= IIIIIIIIIIIIII�� 111p1111111111 l��i 11 101TIonii,==111 = 5111i, �� Calm=% OWP&= Bomb February 1911 March 181h A 't 151h Zn Y pli, June 171h Kick back after a long day at work, with an outdoor concert and a cocktail at, Music on the Rocks FREE CONCERT SERIES Ini Boynton each. The Ned IPJ* kNOW starts at 5 pm ane then one of the hottest bands In South Florida, will take the Ocean Avenue Amphitheatre stage at 6 pm. Bring your beach chairs, blankets and make it a date night or bring the of family for a fun night out. Food Trucks , beverages, and cocktails will be available. The Ocean Avenue Amphitheatre Is located. at 129 E. can Ave. in Boynton Beach. Free parking Is available. WwW.CatchBoynton.cDm. 101110%xf�vl I. M Exhibit H- Workshop postcard ach City Haff Chambers Beach BIL4 Boynton Beach The CRA Is cansoNating its plans to create offkJancy for invastars and midents. Now changes vdif be discussed and we ~d No yourl"Put a r v.• ��. . = - -..: t LIM 4 Z, 197-111 Media Regarding the Heart of Boynton Neighborhood Policing Program SUMMARY: Attached are two articles regarding the new Heart of Boynton Neighborhood Policing Program that appeared in The Palm Beach Post and the Sun -Sentinel. Verna Johnson said, "seeing them on their Segways and walking around is good because we're more likely to talk to them than if... they are in their police cars". Family Dollar Manager Rob Sanford said "..it's a good deterrent." ' PLAN,• c •Boynton• Redevelopment Plan Information Only T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\March 20161HOB Police Media.docx ' Police program about • trust in Heart of Beach �;r; 2 as as bjO0 Piz ro 10 04 • d • V N PO 49 O +r etif Cd y Qi d C Cd , C3 •Q O Q O ,g Q •� p CD 0blo 4,4 C1 c p v1-4 ` O A to .� cU v ' 0 ca 48 Cd O m 0O v •03 ho •� "�' N Ri O co N43 0 Q DO 4-0 El <q v m 'y' O Ri cSf ztxo ® ectl • d . d "4619• ~ ++ c0 ed •� '~ 22 v C Q3 O ti • IS ry ea bObO ®Q coOR, El boo r Cd 04 aadQ I .p 49. O rg N 04 10 bio 3:11 °i CD 0 Cd Q .® V 0-49 Cd rn Wba V csi V V V .ro -49 04 cu cd 0 ®O V F' O Cd V O rg bjO Cd 1pFCd O ba V Qy v 'Ct V vj vF 67Cd ®ia V O V C 4-4V Vho 0 Oro 43 V ra 134 O V cC O O dbo V r O V • N1-4 4 bjD ® . V w ' Cd too++p d y � V 86 ,V O •O O 44 0 V5 o d V V13 O'bJO CC g WO .� to d V d .V a LO a .5 to O . .o . 5s M O O LV 0 'F O •o 14 0A v d as ro O _ ti to F' V A 0 1 • ■• - I i g - I Updated: 9:08 a.m. Thursday, March 3, 2016 Posted: 5:02 p.m. Wednesday, March 2, 2016 Boulevard listening to music when they were greeted by a fewS n -Peach officers,were showing the media their• part of - department's Within a few minutes, Daughtry's brothers Eldrick Hamilton and Devin Bowie — were tossing a football back and forth in the middle of the street with the policemen — Officer Terrance Paramore and Sgt. Henry Diehl. Daughtry said that interaction was something he'd never seen before in the Heart of Boynton community. "That's kind of cool," Daughtry, 20, said while he watched. It wasn't the only interaction for the day. One man driving down Martin Luther King Jr. Boulevard stopped the car and hung a photo of his lost Yorkie out of the window and asked the officers and Capt. Mike Kelley if they had seen the pet. March 2, #'6 ` • Those could be seen as small gestures to some. But in this community, they're big. Some residents in the Heart of Boynton have been saying they don't trust the police, and both sides agree the respect and bond between the two aren't where they should be. Improving both is what Diehl and Paramore have been asked to do. "A lot of people say they love us out there," Paramore said. "This is something they want to see grow." The neighborhood police program is being paid for with $200,000 from the city's Community Redevelopment Agency. Instead of patrolling in squad cars, Diehl and Paramore are walking the streets, or riding bikes or Segways. Sgt. Henry Diehl (L) and Officer Terrance Paramore play football with residents in the Heart of Boynton community on ��M The community has been asked to work with the police to come up with goals to improve the relationship between the police and residents. The first meeting was held in February. In the future, the program could grow with two or three more officers. On Wednesday, Paramore said one of his personal goals is to help fix the outside of the Burks Academy daycare on Northeast Second Street. Before his involvement in the neighborhood program, Paramore responded to a police call there and noticed the building needed to be fixed. Now, he's planning a community effort to upgrade the playground and repair water damage. All will be done through grants. C Read iMpre While the officers have had positive responses from some residents, others are still standoffish. But Family Dollar Manager Rob Sanford said he's happy to see the officers. Sanford said the other day an officer caught someone stealing from the store. I know they can't stop everything, but it's a good deterrent," he said. �.07MI.WSMIRT1111 -ION-11FRITE0410-Y, IV; I a I I I I i; I I - I- - Heart of Boynton resident Sam Jones, 35, said she is just now learning about the program. "It'll keep young kids off the streets, hopefully," she said. Sgt. Henry Diehl (L) and Officer Terrance Paramore stand outside the Boynton Beach police substation on March 2, 2016. Photo taken �vBOYNBE H RAIsom I I Consent Agenda I X I Old Bu stness 1-1 Now Business I I Legal I I Information Only--- I_[r]*L'1 � SUBJECT: Approval of Interlocal Grant Agreement between Boynton Beach CRA and SWA (Solid Waste Authority of Palm Beach County). Allow the CRA Executive Director, Vivian Brooks, to execute the agreement on behalf of the CRA Board. SUMMARY: CRA staff wrote a grant for the Solid Waste Authority's Blighted and Distressed Property Clean-up and Beautification Grant Program in collaboration City staff for improvements to the Heart of Boynton neighborhood. The grant activities include demolition of a building and sodding of the lot located at 909 N. Seacrest, painting of the perimeter wall, new fencing, irrigation and landscaping at the Public Works site and clearing and grubbing of the CRA -owned block at N.E. 4h/5th Avenues. The project will be completed by August 31, 2016 and the total cost of the three projects is estimated at $93,547. The amount requested and awarded from the SWA is $62,300 leaving a match from the CRA of $31,247 or 33%. Staff was notified on Tuesday, February 3, that the CRA was awarded the full request of $62,000 for the three projects. Attached is the Interlocal Grant Agreement between the CRA and SWA for approval. FISCAL IMPACT: $31,247 as a match to the $62,300 in grant funding — from line item 02-58200- 405 f PROJECT:CRA PLAN, PROGRAM OR Heart of Boynton Community Redevelopment Plan RECOMMENDATIONS: Approve the Interlocal Grant Agreement between Boynton Beach CRA and SWA (Solid Waste Authority of Palm Beach County) and allow the CRA Executive Director, Vivian Brooks, to execute the agreement on behalf of the CRA Board. INTERLOCAL GRANT AGREEMENT BY AND BETWEEN CITY OF BOYNTON BEACH CRA AND SOLID WASTE AUTHORITY OF PALM BEACH COUNI rj1*1jf n7,TWT-1 .'1 I I . I I I I #' T1 I S INTERLOCAL GRANT AGREEMENT is made and entered into this 1 Oth day of February, 2016, by and between the Solid Waste Authority of Palm Beach County, a dependant special district created pursuant to Chapter 2001-331, Laws of Florida, as amended, hereinafter (the "Authority") and City of Boynton Beach CRA, a public agency created pursuant to Chapter 163, Part 111, Florida Statutes, hereinafter (the "Applicant"), by and through its duly authorized Board. WITNESSETH: WHER]EAS, Section 16 3.01, Florida Statutes, authorizes local governments to make the Ill st efficient use of their powers by enabling them to cooperate with other localities on a 1' "1g 1 aeographiceconomic, population and other factors influencing the needs and development of local communities; and VCMREAS, the Authority's Governing Board has appropriated in the Authority's adopted 2015/2016 fiscal year budget fimds for Blighted and Distressed Property Clean-up and R Peautification Grants; and WHEREAS, this Interlocal Grant Agreement is intended to assist in the cleanup and beautification of distressed, +1 `# or otherwise impacted public properties within both the unincorporated and incorporated areas of Palm Beach County; and MrBEREAS, this Grant is provided as an incentive to improve the quality of life and provide a safer, healthier and more aesthetically pleasing environment for the residents of Palm Veach County; and r417WIM am. V191 I IM Pig [WRIM iTW-13 ej tj 11orm twoole a 01 POOP BOB I(;,)(. .310riflK WHEREAS, the Property is in a state of disrepair, is visible to the surrounding community, and attracts nuisances, including illegal dumping, littering and criminal activity to the detriment of the surrounding community; and WHEREAS, the Applicant wishes to demolish existing blighted structures on multip1r. properties, install sod, native plants, and fencing, painting and general improvements to the City of Boynton Beach (City) Public Work site in order to improve the quality of life of the surrounding community (the "Project"); and MCIF t Project through the provision of this Grant. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants, and obligations set forth herein, the Authority and Applicant agree as follows: 1. Incorporation of Facts The facts and background set forth above in the Preamble to this Agreement are true and correct and incorporated into and made a part of this Grant. 2. Purpose The purpose of this Grant is to set forth the respective duties, rights and obligations of the parties relating to the Authority's provision of this Grant and the Applicant's perforinance of the Project. 3. Contract Representatives and Monitors The Authority's Contract Representative and Monitor during the execution of the Project shall be John Archambo, Director of Customer Relations, or his designee, whose telephone number is (561) 697-2700. The Applicant's Contract Representative and Monitor shall be Vivian Brooks, whose telephone munber is (561) 600-9090. 4. The Project A. Heart of Boynton hnprovement Project. Two separate properties contain a derelict structure to be demolished after which time land will be cleaned and improved through planting of sod. The City's Public Work site will have fencing and screening replacement, painting of perimeter wall, repair of irrigation system and installation of native, drought -tolerant plants. B. The Applicant will provide for regular maintenance through an existing contract with a landscape contractor. 5. Effective Date and Term This Grant shall take effect upon execution by the parties and shall remain in full force and effect until February 9, 2017. 6. Conduct of the Project A. The Applicant shall be solely responsible for all aspects of the Project, including but not limited to securing flinding, securing all pennits and approvals, procuring all 0) rabor and materials, and maintaining the property consistent with the intent of this Grant for its full term. B. The Authority shall only, without exception, be responsible for providing the Grant funding in the amounts and upon the Project milestones identified herein. C. Applicant agrees that it shall endeavor to complete the Project within 12 months from the date of execution of this Grant. The Applicant may request an extension(s) beyond this period for the purpose of completing the Project. The Authority agrees that it may not unreasonably refuse Applicant's request for an extension(s) as long as the Applicant is diligently pursuing the completion of the Project. D. Prior to commencement of the Project, Applicant shall submit a final project schedule to include starting and completion dates. The Authority shall review all documents within five (5) business days of receipt. If the Authority does not respond within the five (5) day period, then the Applicant may proceed as if the Authority had no comments or objections. E. The Applicant will submit monthly Project status reports to Authority's Contract Representative and Monitor by the fifteenth (15'ffi) of the subsequent month. The reports will include, but will not be limited to, a summary of the work accomplished, problems encountered, percentage of completion and other information as deemed appropriate by Authority's Contract Representative and Monitor. 7. Funding The Authority shall disburse Grant funds in the amount of $ 62,3 10 as follows: A. Upon approval of final project schedule, the Authority shall disburse a che equal to 50% of the total grant award. Upon contractor mobilization, the Authority shall disburse a check equal to 2501 of the total grant award within 10 days of written request by the Applicant. Upon completion of the project, remaining grant funds shall be disbursed wi 10 days of written request by Applicant. 1 Applicant is solely responsible for providing all other funds necessary to complete Project. The Authority shall not have an obligation to provide additional fund I 8. Ownership and Maintenance of the Project Applicant hereby represents and warrants that it is the fee simple owner of the Property and that the Property is unencumbered and free and clear of other interests, of any type or character. In the event any liens or encumbrances are filed or recorded against the Property, the Applicant shall immediately take all necessary steps, at its sole cost and expense, to clear and remove all such liens, interests or encumbrances. A/ represents and warrants that it has full legal authority to enter into this Grant. The Applicant further warrants that it has the financial ability to maintain the Property as specifically intended and required under this Grant. C A. The Applicant shall be solely responsible for all necessary costs, expenses, fees, charges, and all other liabilities of any type related to the execution and maintenance of the Project consistent with the intent of this Grant, B. The Applicant shall maintain the Property for the entire duration of this Grant Agreement in order to prevent the Property from reverting back to its previous state. In its application, Applicant provided a plan for maintaining the property consistent with the intent of this Grant and the Applicant will faitlffWly execute that plan. C. The rights and duties arising under this Grant shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. However, this Grant shall not be assigned without the prior written consent of the Authority, and any such assigriment without the prior written consent of the Authority shall constitute grounds for termination of this Grant for cause. 9. Access and Audit Each party will maintain all books, records, accounts, and reports associated with this Grant for a period of not less than five (5) years after the later of the date of termination or expiration of this Agreement. All said records will be available to the other upon request. In the event claims are asserted or litigation is commenced related to or arising out of the performance of this Agreement each party agrees that it will maintain all records relating to the Project and the Property until the other party has disposed of 0 such litigation, appeals, claims, or exceptions related thereto. 10. License and Permit The Applicant hereby grants to the Authority an irrevocable license and permit to access the Property, surroimding roadways, walkways, and any other means of ingress and egress to the Property for the purpose of ensuring compliance with this Grant for the duration of this Grant. The Parties each acknowledge that good and valuable consideration has been received to maintain such irrevocable license for the duration of this Grant. 11. Insurance A. Without waiving the right to sovereign immunity as provided by Section 768.28, each party acknowledges that it is either insured or self-insured for General Liability and Automobile Liability under Florida's sovereign immunity statutes with coverage limits of $ 100,000 Per Person and $200,000 Per Occurrence, or such other sovereign immunity waiver limits that may change as set forth by the State Legislature at the time of such occurrence. B. The Applicant agrees to maintain or to be self-insured for Workers' Compensation & Employers' Liability insurance in accordance with Chapter 440, Florida Statutes. C. When requested, each party shall provide to the other, an affidavit or Certificate of Insurance evidencing insurance, self-insurance and/or sovereign immunity status. L, W. Compliance with the foregoing requirements shall not relieve either party of its liability and other obligations under this grant. E. The Applicant agrees to include no less thm the above -stated insurance requirements as to type of coverage and dollar amount so as to meet the minimum requirements set forth above in all contracts related to the construction, use, or maintenance of the Project and the Property, and shall establish and maintain such coverage as a requirement for the issuance of any permit, license, or right to use or occupy the Project and Property unless this requirement is expressly waived in writing by the County's Contract Representative and Monitor with the approval of County's Department of Risk Management. 12. Pubfic Entity Crimes Each party shall comply with Section 287.133(2)(a), F.S., as amended, which provides in pertinent part as follows: A person or affiliate who has been placed on the convicted vendor lisri following a conviction for a public entity crime may not submit a bid on a contract to provide any goods or services to a public entity, may not submit a bid on a contract with a public entity for the construction or repair of a public building or public work, may not submit bids on leases )Ecdff 1U-,*V*&as a contractor, supplier, subcontractor, or consultant under a contract with any public entity, and may not transact business with any public entity in excess of the threshold amount provided in Section 287.017, F.S. for Category Two for a period of thirty-six (36) months from the date of being ro-Jaced on the convicted vendor list. 13. No Third Party Beneficiaries Except as specifically set forth and as limited herein, this Grant confers no rights on anyone other than the Authority or the Applicant and is not otherwise intended to be a third party beneficiary contract in any respect. Nothing contained in this Agreement shall constitute the Authority's acceptance of any obligation or liability not otherwise imposed under this Grant or by law upon the Authority. 14. Termination A. In the event the Applicant falls to comply with any provision of this Grant, the Authority may exercise any and all rights available to it, including ter1n of this Grant. The Authority will notify the Applicant of its noncompliance and provide the Applicant thirty (30) days or such additional period granted by the Authority to cure the noncompliant event(s) or act(s). In the event the Applicant has not cured the noncompliant act(s) or event(s), or if the Applicant cannot cure the noncompliant act(s) or event(s), the Authority may terminate this Grant. If the Authority terminates this Grant for the Applicant's failure to cure under this provision, the Authority may require the Applicant to pay to the Authority the Grant 0 funds that were expended by the Authority for the Project, or such other lesser sum equivalent to the value of the remaining useful life of the Project, as determined by the Authority in its sole discretion. B. The Authority may also terminate this Agreement for convenience, in whole or in part, at any time, by written notice of such termination to the Applicant should the Authority, in its sole discretion, determine that it is necessary to do so for any reason. The Authority shall notify the Applicant of its intent to terminate for convenience at least ninety (90) days in advance of the termination date by delivering notice of such to the Applicant specifying the extent of termination and the effective date. In the event the Authority terminates this Grant for its convenience, the Applicant will be relieved of any obligation it might otherwise have to pay to the Authority the sum of money set forth in paragraph 17.A above. The Applicant affirms that the benefits promised to it under this Grant are adequate consideration to support not only its duties and obligations under this Grant, but also support the Authority's right to terminate this Grant for convenience and its limitation of remedies against the Authority to those specifically set forth herein, regardless of the harm, if any, caused by the Authority's termination of this Grant for conve-6 . '. C. Upon termination of this Grant as set forth herein, both the Authority and Applicant agree and acknowledge that their respective legal or equitable remedies against the other for termination of this grant are expressly limited to those contained in this Grant. Notwithstanding the foregoing, the parties agree to comply with all applicable statutory dispute resolution procedures as provided under Florida law. 15. Office of the Inspector General Palm Beach County has established the Office of the Inspector General pursuant to, Ordinance No. 2009-049, as amended, which is authorized and empowered to review past, present and proposed County contracts, transactions, accounts and records, The Authority has entered into an agreement with Palm Beach County for Inspector General services. This agreement provides for the Inspector General to provide services to the Authority in accordance with the authority, functions, and powers set out in the Inspector General Ordinance as amended. All parties doing business with the Authority and receiving Authority funds shall fully cooperate with the Inspector General including, but not limited to, providing access to records relating to this Grant. The Inspector General has the power to subpoena witnesses, administer oaths, require the production of records, and audit, investigate, monitor, and inspect the activities of the Applicant, its officers, agents, employees, and lobbyists in order to ensure compliance with the Agreement and detect corruption and fraud. Failure to cooperate with the Inspector General or interference with or impeding any investigation shall be a violation of the Inspector General Ordinance, as amended, and punishable pursuant to Section 125.69, Florida Statutes, in the same manner as a second degree misdemeanor. 16. Aold AarmIess and Indemnification Neither party shall be deemed to have assumed any liability for the negligent or wrongful 1 acts or omissions of the other party. Nothing contained in this Grant shall act or w 2imae I,egislature in Section 786.28, F.S. 17. No Agency Relationship Nothing contained herein is intended to nor shall it create an agency relationship between the Authority and the Applicant. r-8. Remedies and Limitations of Liability A. This Grant shall be construed by and governed by the laws of the State of Florida. Any and all legal action necessary to enforce the Agreement shall be in a Court of proper jurisdiction located in Palm Beach County, Florida. MO. The Authority and Applicant both acknowledge that their respective remedies against the other for termination of this Grant as set forth herein are limited solely to those in AhisJC7WI3It. The Authority's remedies against the Applicant shall be limited to the recovery of any sums of money provided to it under this Grant or such lesser sum of money that remains due, the balance, to complete the Project for which this Grant was intended. The Authority shall have no fin-ther or additional liability to the Applicant or any other person or entity arising from, or related in any way to this Grant, and in no event shall the Applicant's liability to the Authority, for any reason, exceed the total amount of this Grant. D. The Applicant's remedies against the Authority shall be limited to the sum of money the Applicant has expended or is expressly liable for pursuant to a written contract entered into for the sole purpose of completing the Project itself, and not related, ancillary or adjunct matters. However, in no event shall the Authority's liability to the Applicant for any reason, exceed the total amount of this Grant, 19. Enforcement Costs To the extent that enforcement of the Grant becomes necessary by either the Authority or the Applicant, each party shall bear their own attorney's fees, taxable costs, or any other costs related to such enforcement, including any form of alternative dispute resolution. P- 0. Notice All written notices required under this Agreement shall be in writing and hand delivered or sent by certified mail, return receipt requested, and if sent to the Authority shall be mailed to: John Archambo, Director Customer Relations 7501 N. Jog Road West Palm Beach, FL 33412 11 MM30=1 County Attorney's Offiue--- 301 North Olive Avenue Suite 601 West Palm Beach, FL 33401 Boynton Beach CRA 710 N. Federal Hwy Boynton Beach, FL 33435 Tara Duhy Lewis, Longman & WalkpTR-4- 515 N. Flagler Drive West Palm Beach, FL 33418 K 1. Ao No waiver of any provisions of this Grant, or any amendment hereto, shall be effective unless it is in writing, signed by the party against whom it is asserted. Any such written waiver shall only be applicable to the specific instance to which it relates and shall not be deemed a continuing or future or continuing waiver. 22. Captions The captions and section designations herein set forth are for convenience only and shall have no substantive meaning, 23. Joint Preparation The preparation of this Grant has been a joint effort of the parties, and the resulting document shall not, solely as a matter of judicial construction, be construed more severely against one of the parties than the other. 24. Severability Should any section, paragraph, sentence, clause, or provision hereof be held by a court of competent jurisdiction to be invalid, such shall not affect the remaining portions of this Agreement. OZ. Entirety of Contract and Modifications The Authority and Applicant agree that this Grant sets forth the entire agreement and understanding between the parties of their respective rights or obligations hereunder, including the intent of Us Grant. There are no promises or understandings other than those stated herein. No modification, amendment or alteration in the terms or conditions contained herein shall be effective unless contained in a written document executed with the same formality and equality of dignity herewith. 26. Survivability No provision of this Grant shall survive its expiration or earlier termination. 27. Filing A copy of this Agreement shall be filed with the Clerk and Comptroller of the Circuit Court in and for Palm Beach County. a # #1 Avg I I I 701 NR =41 - Me 0 05 F! M I"XOJ F., I I I IM IML 0 4 Witness: 1. 2. 0 Philip Mugavero General Counsel to the Authority Witness: 1. 2. LIM 93 0 I I"�V-i1d1IIqV1-B1► j - 0 Vivian Brooks Cat Eyecuive Director AWproved by the City of Boynton Beach on.----- ... . ............ . . Item -------- Z I I Consent Agenda I I Old Business I X I New Business I I Legal I I Information b�nly S I BJ ECT: Consideration of I nterlocal Agreement (I LA) between the City of Boynton Beach and the CRA for the Property Maintenance of the NE 0 Street Parking Lot SUMMARY: The CRA has completed the NE 4'h Street Parking Lot & Street Enhancement Project located on the City owned property one block north of E. Ocean Avenue (see Attachment "A"). The Interlocal Agreement includes the terms and conditions under which the CRA shall be financially responsible for the management and property maintenance expenses for the NE 4 1h Street Parking Lot from the effective date until the time period ending on September 30, 2018 (see Attachment "B"). It is estimated that the annual maintenance expenses for the NE 4 th Street Parking Lot would not exceed $10,000. FISCAL IMPACT: The CRA has budgeted property maintenance funding in the adopted FY 15/16 budget. CRA PLAN, PROGRAM OR PROJECT: Downtown Vision and Master Plan RECOMMENDATIONS: Approve the ILA between the City and the CRA for the Property Maintenance of the NE 4 th Street Parking Lot. Michael Simon7-L" Assistant Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingsWarch 2016111-A NE 4th Street Parking Lot Project.docx THIS AGREEMENT is made this day of . 2016 by and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation, (hereinafter referred to as "CITY"), and the BOYNTON BEACH CONMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III, Florida Statutes, (hereinafter referred to as the "CRA"). (Exhibit "A") is intended to improve the quality of life for area residents, provide additional public parking for area businesses and to increase private investment within within the downtown core area as well as eliminating slum and blighted conditions is a VVHEREAS, the CRA Board of Commissioners finds that this Agreement, and the use of the CRA's funds to design and reconstruct the Northeast 0 Street Parking Lot & Street Enhancement Project is consistent with the CRA's Redevelopment Plan, and Florida Statutes; and kill, 411DIAW-IRIM, M. 11111 Alk" liI -U["- �W Willi! ihe beneficial economic impact of the Northeast 4th Street Parking Lot & StrI IFnhancement Project, the CRA and the CITY find that this funding agreement serves - 00627049.1 1 1 �W 1,10111, THEREFORF, in consideration of the mutual covenants and promises a 2. The CRA shall provide annual funding in the amount not to exceed $10,000 for landscape maintenance and property management services to the CITY for the maintenance of the Northeast 4th Street Parking Lot & Street Enhancement Project area. Such maintenance by the CRA shall be customary and reasonable and in accordance with the standards of maintenance of the City. 3. The term of this Agreement shall commence upon execution by both parties and shall terminate on September 30, 2018. The term of the Agreement may be extended upon the execution of a written amendment to this Agreement executed by the Parties hereto. 4. Upon the termination of this Agreement, the City shall be responsible for all maintenance of the Project area including but not limited to the asphalt parking area, the swale drainage area, all landscaping, the sidewalk improvements and all pavement 5. This Interlocal. Agreement shall be filed pursuant to the requirements of Section 163.41(11) of the Florida Statutes. prior or present agreements or representations with regard to any subject matter contained within this Agreement shall be binding on any party unless included expressly in this Agreement. Any modification to this Agreement shall be in writing and executed by the parties. 00627049-1 2 7. The validity of any portion, article, paragraph, provision, clause, or any fo�ortion thereof of this Agreement shall have no force and effect Mpon the valiEity of 8. This Agreement shall be governed by and in accordance with the Laws of Florida. The venue for any action arising from this Agreement shall be in Palm Beach County, Florida. 9. Neither the CITY nor the CRA shall assign or transfer any rights or interest in this Agreement. 10. This Agreement shall not be valid until signed by the Mayor and the City A r-Ij 9. L -In Office of the City Attorney Jeny Taylor, Mayor (SEAL) Y® Jerry Taylor, Chair 00627049.1 3 SUBJECT: Approval of Intedocal Agreement (ILA) between Boynton Beach CRA and City of Boynton Beach for the installation and maintenance of Project improvements as described in the Solid Waste Authority's (SWA) Blighted and Distressed Property Clean-up and Beautification Grant Program Application and funding award. SUMMARY: CRA staff wrote a grant for the Solid Waste Authority's Blighted and Distressed Property Clean-up and Beautification Grant Program in collaboration City staff for improvements to the Heart of Boynton neighborhood. The grant activities include demolition of a building and sodding of the lot located at 909 N. Seacrest, painting of the perimeter wall, new fencing, irrigation and landscaping at the Public Works site and clearing and grubbing of the CRA -owned block at N.E. 0/50'Avenues (see Attachment "A"). Staff was notified on Tuesday, February 3, that the CRA was awarded the full request of $62,000 for the three projects. The overall Project will be completed by August 31, 2016 and the total cost of the three projects is estimated at $93,547. The amount requested and awarded from the SWA is $62,300 leaving a match from the CRA of $31,247 or 33%. Under the SWA Grant Award, maintenance of the completed Project items as described in the Heart of Boynton Neighborhood Improvement Project Grant Application is required by the CRA and the City. The attached ILA between the CRA and the City describes the funding and maintenance responsibilities for both entities and meets the requirements of the grant conditions as outlined in CRA's Interlocal Agreement with the SWA (see Attachment FISCAL IMPACT: $31,247 as a match to the $62,300 in grant funding —from FY 15/16 Budget line item 02-58200-405 CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan RECOMMENDATIONS: Approval of Interlocal Agreement (ILA) between Boynton Beach CRA and City of Boynton Beach for the installation and maintenance of Project improvements as described in the Solid Waste Authority's (SWA) Blighted and Distressed Property Clean-up and Beautification Grant Program Application and funding award. L Vipvianl. Brooks - Executive Director "I a •.w-rw+1 Aa li Heart of Boynton Neighborhood Improvement ProjeO ♦ I17 -77 1 Submitted The CRY 6 Boynton Beach and i e 9l January 2016 Heart of Boynton Neighborhood Improvement Project Propowl � 11 I Tbls project activity vWll nwycle all construction debris (concrae block asphalt, wood) and landscape debris to the extent feasibly possible and the remaining debris tothe landfill,wiY- demolitioniremainlng vacent 1"meftme for completion ,, i do the projeft activkr.project vAll commence with an asbanos survey In January of 2016. Bids for demolition of the suvau Identifying 'l c locationProject ACtMtV Schedule) Numbem that docurimm ownereMp and rd d T»z a 6«m<« J, ,\ « y y. z< A contmewwIJ©« chosen in May 2016 Work will CS > c<the yzd? Work site n June 2016 with < ple «%z«im2tedAugust 2016. Projeaa < <a| . » «!||.ma.1w mcdvIdam.\ ?. . .7 - PNOa AcOfty Sched*) III Newt ruff, 'sTrif.-Imn Neigg"Ahkulboad Pfmq'j""*sC!t 'Propwrall FUMES'FORM I'Pus Sirms Park -0-09 Nr, Smmmst, cyfte? Fhiaffimg Saco CAlsh (a) mawrwserdm CRY/CRA private amnt Dnmpdm Quenft Unk Cad Sab* TW O"Is rMAL Match Dmmtkmsjb) Smnts Nquw,, (d) PerfAtins 1 $ 5W KIA no $ Sao $ $ Dmdkffl Of Structum and P"N Lot I S 17,550 MIA lZoNO $ 1.211A $ $ hotmMon of Sod 1 $ 2,200 WA S 0 1,A" $ 6W s $ $ 6W IAAW S 4, 113 S $ 3,613 Ra*vsWpmmA of NE 41e Amm CdmFmvftSmrm Cmh(VO ROWWWOWAM Camf MY/= prhNft Orm Dm"un iman" lum Cod law,ru ChKm WTAL LVach Dmftm(b) Gmnb Ampwt 1d) Pmmftdng I S 500 "/A $ - SM S 500 $ Danalfto pfSlrucWm 2 S 10,5W WA Ckming and Gmbblng 1 SAO WA $ 8.500 $ 2125 $ S 6X5 IrWalleftm of ftd 1 N/A $ $ 9 '7SO $ $ $ Am $ 61m $ Cft ftbNr. VAwb bode kuprommmt Comftwingftumm Cush (s) AfiwWkIq/ftrvk= Otim WCm pmets Grant ftsw*sm "nft UP* Mot Sdu Tm CMfW WTAL Mutch Dann*mtb) War& r"uot (d) pwmkft I s sw N/A s $ sw sm $ $ RwvwW of Fandmg and 1,021 Undergrowth Onearft. IV25 WA S $ 14,M 3,591 havlabon of 2,021 Fmm*VlScrm4ng lkmarft. 21AB N/A $ 22A25 5.355 $ Plapdr of IrTwon I S 10AM WA $ s s Pmmm CJND PD&A"Off 535 wag urawk S 500 N/A SW 225 $ 375 sas pdnang of Pertmew Wal Knew ft. $ 3AW N/A 3,CW $ 7SO $ $ Pumfim and InMRalbn of phints 209 $ M,492 WA 6 S L402 $ 2,101 Pumhm ofd nat IAN* 1 3.CW WA S - 6 3,GW S 750 Purdum and lnftll rrAAch 75 Vds. t650 WA $ - $ 1,65a S 413 $ $ 11236 Pwchm and kkalI WWII 40 VdL 40 N/A Pumbese and kmll BAk SAW sq - Bad ft. IA5 WA S 1,993 499 S $ $ IA96 Dbpml of exath; wepbftn 15 Vds. $ 3M N/A $ 3-W $ 75, S $ $ 225 .q 17j4 — j.8 'lXWAL PROJWt COST $ 9%S47 IOTAL GRWT RMIST FOR PRWWF $ GZA025 #. . i i to a IF C fll 7r. FT 117 S-- 711 i A,. �: ;,r: 7 7777717 a_i Pa ?.r 11371 T INTERLOCAL AGREEMENT BY AND BETWEEN iV =VA M *1V -A OILS 1LWJkWk0 M IL% -31 10 a public agency created pursuant to Chapter 163, Part III, Florida Statutes, (hereinafter referred to as the "CRA"). WITNESSETH: WHEREAS, the CRA and the City made joint application and awarded grant funding Pill 11111 15111119! 11 11 1111 1 1 � I � I I I I I III 11, 1 1 � I 11111 1 I� 111111 11 I 1 6 Blighted and 2015/2016 Distressed Property Clean-up and Beautification Grant (hereinafter referred to as the GRANT) (Exhibit "A") for the Project known as the Heart of Boynton Neighborhood Improvement Project (hereinafter referred to as the PROJECT); and WHEREAS, the GRANT is intended to assist in the cleanup and beautification of environment for the residents of Palm Beach County; and 11 1 1 ;1 1 t 76 1 11!!11 ii!!IJ�IIII�111!!1111; 111`111F 1111110 my Eel R 1 00627062-1 FIRM11,111 9tv 6 Vaa '� IMMI-117,1TWOM"Jor, To r, as for the elimination of slum and blighted conditions as a goal of the CRA's Redevelopment 1111�1111 F RMEOM -I- I- M"I Mm'! 111 F I �! I i 81 1111 ?''1111 1111 �� I I MA !I 1 1, 1 1 W -F4I 0MOM or, .$I beneficial impact to the quality of life by providing a safer, healthier and more aesthetically CITY find that this agreement serves a municipal and public purpose, and is in the best interest of the health, safety, and welfare of the City of Boynton Beach, including the Community contained, the parties hereby agree as follows: 1. The recitations set forth above are hereby incorporated herein. 2. The CRA shall be responsible for the administration of the awarded GRANT [mrogram. ftinding in the amount of $62,310.00 under the terms and conditions set forth and 111111 111111111! illell 0 Moto] ti wig A. One CITY property, located at 909 N. Seacrest Boulevard contains a !I111111111111 oil I I 1� 1 1 rM 1 11, 111111 11TIMPOVIT MW 00627062-1 2 , 111 111 �� 01 M I 11111!1I I! III IN ii 11111 111 11111111111111111 1 1 Mv RN FWRIVIV 1 MWIN I'M] - I. 0 plants will be installed. These properties will hereinafter be referred to as the Sites. 4. The CRA shall make payments to the CITY upon receipt of a written request from SVGA Grant Application's Budget Form (Exhibit "B") and as described in Paragraph 3.A. of this Agreement, which request shall include necessary documentation indicating the amount and the purpose for the CITY's payment for which reimbursement is requested. the PROJECT schedule. Any and all such maintenance shall be customary and reasonable and in accordance with the standards of maintenance of the CITY. The term of this Agreement shall 111 11111 11111 1 "1 111 1 1 l�il 1 •• 1 W1111-WHOr" 1121111 lilf�ll i time the CITY shall be financially responsible for the on-going maintenance of the PROJECT Sites and all improvements thereon described in Section 3.A. of this Agreement. The term of the iiq��111� I I .. " -- - • I 1- 0 - I , 0 - , I 6. Upon the termination of this Agreement, the City shall be responsible for all Ill 1111111 o 41t 1 1 ill 0 --'.,11- 2 M. INTRIM WERE I I IM Ill 1111 1 1 163.01 (11) of the Florida Statutes. 00627062-1 3 ffY;riiiiiij 11111111111 1111111 'IIIII'I ��11!11 111111111'' 1 111 1111 [ to if ''I'll 111 11�1 . I I P1111 1111! 11M 11'1�113!1 IT in this Agreement. Any modification to this Agreement shall be in writing and executed by the 9. The validity of any portion, article, paragraph, provision, clause, or any portion II M I! I I I I I ff-R=W7MMssT4W. ITO M 0 W N -m -'rum; -W.T.. M.E's n I I ��- �;' I 111yraWIMO "S "90" The venue for any action arising from this Agreement shall be in Palm Beach County, Florida. 12. This Agreement shall not be valid until signed by the Mayor and the City Clerk. I&NO qI!q1�11q!I11,� 1;111011311;� IMIDIRRIVII i 11 111i � ! TWIN ii 11 ; I EIR!iIIIIII! 1 F."WIMI 00627062-1 4 lINDI VIEW .11011- o rig Wili RI t1jst"I sm a4m5611jell U -M Jerry Taylor, Mayor (SEAL) I I►111 011 R , I Ik I 14 DI 11 ATA DI RIJ WO, I DICK L4 "MoraL IIA Jerry Taylor, Chair I ON THIS AGREEMENT is made this day of , 2016 by and between the i i : r►. s• a- s c • U I I VA Z 1�' public agency created pursuant to Chapter 163, Part III, Florida Statutes, (hereinafter referred to as e "CRA"). Mf 61MV0133 *1 "M WHEREAS, the CRA and the City made joint application and awarded grant funding under the terms and conditions set forth in the Solid Waste Authority of Palm Beach County's Blighted and 2015/2016 Distressed Property Clean-up and Beautification Grant (hereinafter referred to as the GRANT) (Exhibit "A") for the Project known as the Heart of Boynton Neighborhood Improvement Project (hereinafter referred to as the PROJECT); and WHEREAS, the GRANT is intended to assist in the cleanup and beautification of distressed, blighted, or otherwise impacted public properties and is provided as an incentive to improve the quality of life and provide a safer, healthier and more aesthetically pleasing Waste Authority of Palm Beach County (hereinafter referred to as the AUTHORITY); and 00627062-I 1111 1 111117 1 iI I I I I I ► no =�;'; =11 I IMMIM � TTM1VM1�MII 111,1I I � I I I 1 11 �M$ �1- I . 11111 Ir for the Heart of Boynton Neighborhood Improvement Project is consistent with the CRA's Redevelopment Plan, and Florida Statutes; and WHEREAS, due to the intended elimination of slum and blighted conditions, and the beneficial impact to the quality of life by providing a safer, healthier and more aesthetically pleasing environment for the residents of the Heart of Boynton Neighborhood, the CRA and the CITY find that this agreement serves a municipal and public purpose, and is in the best interest of the health, safety, and welfare of the City of Boynton Beach, including the Community Redevelopment Area. NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereby agree as follows: 1. The recitations set forth above are hereby incorporated herein. 2. The CRA shall be responsible for the administration of the awarded GRANT program funding in the amount of $62,310.00 under the terms and conditions set forth and described in the Interlocal Grant Agreement with the AUTHORITY. A. One CITY property, located at 909 N. Seacrest Boulevard contains a derelict structure to be demolished after which time the property will be cleaned and improved including the planting of sod. The Second CITY property, known as the "27062-1 2 lll�llplll I I'� '11111111111 iiiiiiiiiiiiii, 1111111111111111111 1111111111111111111111111111111! � F111111111II;I111111ill'! I I Jill 1111IIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIII111 ilill I I A .211,10MMTMIKWU��.l M111111111ll�! Ii, Jill B. Regular maintenance of the Sites as described in Section 3.A. of this Agreement pursuant to an existing contract with a landscape contractor. 1 I'1I iiiiiiiiiiiiii ii�ill�illillillillillillillll�l�1,111�I I III IkjIIIJI-II 1111 1111111 Fill! I iiiiii, F-WerMUM W "slErMT-1 v I NIMM 11�� Ill llizllli� �'' I I � I Agreement, which request shall include necessary documentation indicating the amount and the purpose for the CITY's payment for which reimbursement is requested. 5. The CITY shall maintain all PROJECT improvements throughout the duration of the PROJECT schedule. Any and all such maintenance shall be customary and reasonable and in accordance with the standards of maintenance of the CITY. The term of this Agreement shall commence upon execution by both parties and shall terminate on September 30, 2016 at which time the CITY shall be financially responsible for the on-going maintenance of the PROJECT I !I I I � I I � T I I MJTIl1MRIq1I ill 1 MAM14- Agreement may be extended upon the execution of a written amendment to this Agreement 0 0- I'll! - 11- - I 6. Upon the termination of this Agreement, the City shall be responsible for all film. I I WTIMM M 11 00627062.1 3 =0 8. No prior or present agreements or representations with regard to any subject 1=0 11TI-MR 9. The validity of any portion, article, paragraph, provision, clause, or any portion thereof of this Agreement shall have no force and effect upon the validity of any other part of r'=Mm* I 10. This Agreement shall be governed by and in accordance with the Laws of Florida. The venue for any action arising from this Agreement shall be in Palm Beach County, Florida. 11. Neither the CITY nor the CRA shall assign or transfer any rights or interest in this 12. This Agreement shall not be valid until signed by the Mayor and the City Clerk. FIRK '111 Z 151 1 I� ''! I'll 1111111111111, 10111]1111111 1111111111111�11'101111111 III 11 A I - ATTEST: krmgmm#�rm' Approved as to Form: 103=1 mg, 00627062-1 4 CITY OF BOYNTON BEACH, a Florida municipal corporation 0 I 10 i I �� 119.106.1 DID] WTA M 1113 Wei I AZI W411LIVI Molugh" 0 Jerry Taylor, Chair K Consentr a + Business I X I New BusinessInformation ac] 4►197-11ti111 =ILl,W/1■� SUBJECT: Consideration of Performance Audit — Boynton Village, LLC —The Preserve The CRA entered into a Direct Incentive Funding Agreement with Boynton Village, LLC in December 2006, First Amendment dated January 2008 and Second Amendment dated October 2010 (Attachment 1). The Agreement has a clause in Section 6, 6.1 (B) that gives the Developer the option to postpone incentive distributions. In June 2015 the developer made the first request for distribution that was denied due to non- compliance with the Agreement (Attachment 2). The developer has engaged a CPA, as required under the Agreement, and submitted a request for the 2015 tax year distribution (see Attachment 3). After review and analysis, CRA staff does not agree with the payout request of $67,331 (page 5 of Attachment 3). Attachment 4 provides the CRA's analysis of the developer's Performance Audit as well as documentation supporting the CRA's position. The primary reason is non - eligibility of affordable housing units. The Performance Audit claims 23 units are affordable in 2015 while the CRA has determined that 5 units are eligible. Supporting documentation is in Attachment 4. The revised payment to the developer, based on the CRA's analysis, is $45,759. FISCAL IMPACT: $45,759 from Project Fund 02-58400-443 CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton recommendsRECOMMENDATIONS: Staff approval of the incentive payment to Boynton Village, LLC in the amount of $45,759. Susan Harris Finance Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board MeetingsWarch 2016NFINANCE - Boynton Village LLC - Compliance Audit.docx i ------- ....... `Xgreement-) is entered into as of the T I BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes, (hereinafter referred to as "CRA"), with a business address of 915 South Federal Highway, Boynton Beach, Florida 33435. W. I Boynton Village, LLC, (hereinafter referred to as "DeveIopee), with a business address of 2121 Ponce de Leon Boulevard, PH, Coral Gables, Florida 33134, and/or assigns. 11114ze-TWIM WHEREAS, as part of its strategy to encourage homeownership by families within certain income brackets, the CRA has instituted certain programs to provide incentive fimding to developers, including the Direct Incentive Pro Workforce WHEREAS, at the September 12, 2006, meeting of the CRA Board, the CRA Bo approved amending its Homebuyers Assistance Program and directed staff to beginnegotiatio 3 r with Developer to create between 25 and 50 affordable homeownership opportunes fbi project known as The Preserve (hereinafter the "Pro aside --30 aft-ordable units as set forth within this Agreement); and WH -..REAS, Developer is hereby submitting to the CRA a proposal to offer to qualifie homebuyers; such assistance for the Project; and WHEREAS, the CRA intends to provide incentive funding to the Developer for suc homeownership opportunities on the basis set forth herein; and WHEREAS, this Agreement is not intended to be a "Development Agreement" within t]h meaning of Florida Statutes, Section 163.3221. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed herein between the parties as follows: Section 1. Recitals. The foregoing recitals are true and correct at the time of th,-; execution of this Agreement and are incorporated herein. Section 2. Definitions As used in this Agreement, the following terms shall have the following meanings: "Affiliate" of a party means any corporation, partnership, limited liability company, trust or other entity controlling, controlled by, or under common control with such party (whether directly or indirectly through one or more intermediaries). For the purpose of this definition., "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies, whether through the ownership of voting interest or by contract or otherwise. "Affordable Access Unit" means the fifty (50) units committed to by Developer to qualify for the affordable access as described in this "Agreement" means this Direct Incentive Funding Agreement and all exhibits and attachments thereto, as any of the same may hereafter be amended from timem"Ir;� �q agreement of the-p—arfies. "Developer" means Boynton Village, LLC, and any assignee or transferee of Boynton Village., LLC, that is permitted under this Agreement, from and after the date of such permitted assignment or transfer. M. - "Pledged Project Increment Revenues" means the Project Increment Revenues received by the CRA which are pledged to the Developer as set forth within Section 6. I.C. of this Agreement. MIR iMi =0 "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 Project using $1,025,000 as the 2004 base year amount in calculating such increment revenues, so that increment revenues for the Proiect are eaual to Al r, Tsj)a-rtq rvf-r I "Property" means the real property described on Exhibit "A", attached hereto. I -C ; if - W I TURN ;R _0 lic prollgf 677155"13—rf V-3--slatutes, uhaj�,,� "Redevelopment Trust Fund" means the trust fund established pursuant to Section 163.387, Florida Statutes for the deposit of incremental revenues attributable to the Redevelopment Area. OACORD003 - Boynton Beach CRA - Comerstone DIFA --10-27-06 2 'L 1 rz 7, &=. r, ............ Section. 5. Affordable Access Requirements.' As a condition precedent to its receipt of any fimds pursuant to this Agreement, Developer and its successors or assigns, shall implement an affordable access component to the Project as provided for in this Agreement, the CRA's Workforce Housing Direct Incentive Program Guidelines, and as set forth below QAffordable Access Reauirements" . Imnleirreirtation and 5.1. Affordable Access - Residential. Developer agrees to set aside fifty (50) is designated as Affordable Access Units. 5.1.2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and No/100 Dollars ($50,000.00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus Models (see attached Price List marked as Exhibit "C" which ii &IWQd Y.err-tn,?.-rd a jig"wigi the United States Housing and Urban Development CHUD") for the year 2006. Proof of income qualification for the Affordable Access Units shall be provided to the CRA prior to any disbursement of Pledged Project Increments Revenue. Examples of acceptable fon-ns of proof include HUD closing statements executed by the buyer and seller; copies of two years of tax returns; and/or paycheck stabs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. . . 5.1.3. Qualifications. for buyers of the Affordable Access Units and related re- sale rep ulzft ?_ 122+ hereof (the CRA Homebuyer Assistance Program Guidelines 2006/2007). 5.1.4. The re -sale limitations and requirerrients set forth herein shall be included in the deeds of sale, to be executed by Developer as seller (or its successors or assigns) and the yi-ozimer A Ae tine -f,f c h sizg ix Ag izit W s?Je i -if Ae AXtri&I le Ag -cess Vriv; s1z.11 ot igpdrite a covenant running with the unit; and shall be recorded in the Public Records of Palm Beach County, Florida. CRA shall approve the form of the deed prior to execution. 5.2. Performance Audit. Prior to receiving the annual allotrnent of Pledged Project Increments Revenue, Developer shall provide written audited verification, at its sole cost and *.XCORD003 - Boynton Beach CPA - Comentone DIFA — 10-27-M . 4 Ilia% 101011 1 6'gr i I I I yn-"_nx�z'r-p1L-N'tU1VW eligibility of all such qualifying Purchasers under the Program. The written opinion must include verification of the number of residential units which are owned by qualified purchasers. Developer must provide all necessary documents to conduct the audit including, but not limited to, the executed deeds and closing statements. 5.2.3. The examinations and opinions required under this Section must bc. conducted in accordance r - 1W accounting standards established by the American Institute of Certifi�d Public Accountants. 5.2-4. The audit required pursuant to this Section may be performed in conjunction with other auditing services. 5.2.5. Disbursement of the Pledged Project Increment Revenues shall only occur upon the CRA's acceptance of a properly documented and supported audit. Disbursement of Pledged Project Increments Revenue shall be conducted pursuant to the Direct Incentive I'Tograin for Workforce Housing Guidelines. An example of such ftinding disbursement is ,,&ached as Exhibit E. 5.2.6. It is acknowledged, understood and agreed that Developer may not be able to sell each Affordable Access Unit. In the event that not all Affordable Access Units are sold, then the fiinds Developer would otherwise be entitled to shall be reduced by an amount corresponding to the Percentage as set forth in Section 6.1.A herein. See also Exhibit E as an example. 5.2.7. Exceeding the agreed upon requirements of the 50 Affordable Access Units shall not entitle Developer to addonal funding under this Agreement or to a credit or set- off against any reduction in funds due to failure to meet the other Affordable Access Requirements in earlier years hereunder. cost of creating fifty (50) affordable residential units. 6.1. Direct Incentive Funding Formula and Term. The CRA hereby agrees to direct fund, that is, to pledge and assign to Developer for a period of ten (10) consecutive years, as provided herein and below, an annual amount which equals the Pledged Project Increment RevLriues as set forth in subsection 6.1.C. herein less any amounts deducted pursuant to the terms of Section 5 above due to the failure of Developer to comply with the Affordable Access Requirements of this Agreement. A. The Pledged Project Increments Revenue shall be awarded pro M based on the proportion of Affordable Access Units sold to eliib buyers. For example, if ten (10) percent of affordabg le access are sold in the first year the Project Increment Revenues available, Developer is entitled to 10% of the eligible Pled ' um Project Increments Revenue that year. If, the following year 101� of affordable access units are sold, Developer is entitled to 100 of the Pledged Project Increments Revenues that year and continuing years until the ten-year penod has terminated. S Exhibit E attached hereto and made a part hereof for the estimat Pledged Project Increments Revenue Calculation for this Project. B. Developer shall have the option to postpone the first Pledgei Project Increments Revenue disbursement to the following year al Developer's option with written notification provided to the CRA in advance of fte disbu-nmzTt. C. For the first through fifth disbursements of the Pledged Proj Increments Revenue, the Developer shall be entitled to 75% of Project Increment Revenues. For the sixth throughh tenj disbursements, the Developer shall be entitled to 25% of Project Increment Revenues. ;M_1 7111 1f71,T,,=, JJ kWWW I M"A"WINVILM -jLp,�&T -- year that the following conditions are met: =� M B. The completed improvements of each Phase have been placed the Tax Roll; I C. The CRA has determined that Project complies with the commitments and with all of the terms and provisions of this Agreement; D. All requirements as set forth within this Agreement have be complied with by Developer; and I E. The CRA has received Project Increment Revenues from sul improvements. 6.3. sbursement of Funds. Except as otherwise provided herein, the Pledged Project Increment Revenues shall be disbursed to Developer by April I of the year following the corresponding ad valorem tax year 11ACORD003 - Boynton Beach CRA - Cornerstone DIFA — 10-27-06 e4: *11,11" ma,, -v secured by the CRA for the period covered by term of thfs 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 6,2004, as amended and supplemented. 7.1. Default. Upon the occurrence of any one or more of the following events, all obligations of the CRA to disburse further funds under this Agreement shall terminate at the o,nt Jon of theNotwithstandina ffic ?receding sentence,-Q%Aw-T-%-Wm.Ats-q1 make payments or portions of payments after the occurTence of one or more of such events without waiving the right to exercise such remedies and without incurring liability for further payment. 'Me CRA may at its option terminate this Agreement and any and all fimding under this Agreement upon occurrence of any one or more of the following: 7.1.1. Any representation by Developer -in or -in connection with this Agreement is inaccurate or incomplete or false in any material respect. 7.1.2. The failure of Developer or its Affiliate to observe or perform any of the terms covenants conditi 11 ti t WO within aid 30 -day period and thereafter diligently pursues such cure to completion. 71. Remedies. Upon the occurrence of any one or more of the foregoing events, CRA m&-,1r_gLi1k_gption,, give notice in writing to Devel%,= to cure its fai lure xf failure may be cured. Upon the failure of Developer to cure, CRA may exercise any one or more R f the following remedies: 7.2.1. Terminate this Agreement upon not less than ffleen (15) days notice, by certified letter to Developer at the address siDecified in Section 8.5 of this Agreerneny-m�Lvowe to take effect when delivered to Developer. 7.2.2. Commence a legal action for the judicial enforcement of this Agreement and for any and all damages occasioned by Developer breach of Ns Agreement including, but not limited to, repayment of funds disbursed to Developer as a result of fraud or 'material misrepresentation. 7.2.3. Withhold the disbursement of any payment or any portion of a payment. OACO" D003 - Boynton Beach CRA - Cornerstone DIFA — 10-27-06 7 statutory limits provided within Section 768.28 Florida Statutes, and CRA does not waive its sovereign immunity rights. This paragraph shall survive the termination of the Agreement. 8.5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served u 'th f the arties by the other i an 17 -1 M . t. USIR) W4.1014ble 4 $ MAIN $11-11 ilki-i-X41 I I -IvAff GTO MLI 11 hlj�IWL MUCIPL Or kIII) a rCA;UgMzeU A-CALONLYL, k1l) 14�,A"IIML UtLIMIJ national courier service, addressed as follows: If to Boynton ViRage: Boynton Village, LLC c/o Cornerstone Group Development, LI Attention: Leon Wolfe 2121 Ponce de Leon Boulevard, PH Coral Gables, Florida 33134 With Copies to: Michael Weiner, Esq. Weiner & Aronson, P.A. 102 North Swinton Avenue Delray Beach, Florida 33444 Ff to CRA: Boynton Beach Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton Beach, Florida 33435 With Copies to: Kenneth 0. Spas, Esq. Lewis, Longman & Walker, P.A. 1700 Palm Beach Lakes Boulevard, Suite 1004 West Palm Beach, Florida 33401 8.5.1. Any Notice may be given in a manner provided in this Agreement on either party's behalf by its attorneys designated by sucb party by Notice hereunder. 8.5.2. Every Notice shall be effective on the date actually received, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. 8.6. Time is of the essence. The parties acknowledge that time is of the essence in the performance of the provisions in this Agreement. 8.7. Entire Aereentent. The CRA and Developer agree that this Agreement sets forth ...... ...... *ACORD003 - Boynton B=h CRA - Comemone DIFA — 10-27-06 10 than those stated herein. None of the provisions, terms and conditions contained in this Agreement may be added to, modified, superseded, or otherwise altered, except by written instrument executed by the parties hereto. �� III 1:2�1 I , 1111111, =�=Ilfl•0 1 111 1 •1 10 "ll VIQ Ow 11 � � � I � � 1 . I • A.0-3 AbItillOMNI J'3Q CA-UnN RUL PRJ!NYP----Llj ULMOU SIMI IDO UCI W VWL OMkLLLS and are incorporated herein by reference. III this Agreement shall prevail. 8.11. Headings. Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. 8.12. Insurance. All parties hereto understand and agree that the CRA does not intend to purchase property insurance in connection with this Project. 8.13. Binding Authoft Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and Developer (or in any representative capacity) as applicable, has full right and lawful authority to execute this or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. 8.14. Recording, This Agreement may be recorded in the Public Records of Palm 1r,each County, Florida. 0161M OU 11,11 *M11)M11] IR ix OACORD003 - Boynton Beach CRA - Cornerstonc DIFA — 10-27-06 11 IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. LIVIVel *1 1= T. iflettAlit 04W MP r- 7 1.141"M I IR wx" A 11 " # # OACORM3 - Boynton Hench CRA - ComerMne DIFA — 10-27-06 12 OACORM3 - Boynton Hench CRA - ComerMne DIFA — 10-27-06 12 BEFORE ME, an officer duly authorized by law to administer oaths and take ack ,nowledgments, Tsonally appeared LEON J- W as of MEE '-05V#17A1 #6'K t4C. and acknowledged under—oath that he/she has executed the fdregoing Agreement as the proper official of jftA?W 614�0,-,fbr the use and purposes mentioned herein and that the instrument is the act and deed of as identification. ' STATE OF FLORIDA SS: 14=1r'v.r1r, ialseal at in the State and W I I in Expires: aiw P 11 1 �,, '6TYXMT0'&-rMTrj-Rr;r oa;;; , SEV-7-Ne acKnowieagments, personally appeared as of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me or has produced as identification. IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this / 2-��day of )�aa r' , 2006. SUSAN E. HARRIS Nolan( Puft, StMe of Flolkle My Comm. # DD 249894 Notary Public, State of Florida at Large JarEow: japtunber 23,2W My Commission Expires: OACORDD03 - Boynton Beach CRA - CorneFstone DIFA — 10-27-06 13 lio That portion of Lots 20 through 26, inclusive, lying East of the West line of Section 15, Township 45 South, Range 43 East, Boynton Beach, Florida as shown on the Plat of SAM BROWN JR.'S FfYPOLUXO SUBDIVISION, as recorded in Plat Book 1, Page 81, in and for the Public Records of Palm Beach County, Florida, less however the South 332 feet, of the West 165 feet, (as measured along the West and South lines) thereof. Pk -T =5 4 its M oil, PJM�--* �VTAWVMM, M.T717040MMM , K%AMW,7MM of Easement recorded in Official Records Book 6686, page 191. 1411K00 ROD, 1 - Boyntm Bmch CRA - Comemme DIFA — 10-27-06 14 -M In OACORD003 - BoyntDn Beach CRA - Conxwone DIFA — 10-27-06 15 DRR,YTM FOOm $289,990 2 Red 2 .88* 1 car gamp .1.071 sq� IL ak mm CYPME- from $349,"0 2 Dcd� Phu Dan I Bodnxwm 2 Sa& I car pnw 1. am Hibiscus 3 AW 3 Both I 1,557 sq- ft- mik ava ftkn From $289.990 3 sod 3 Doi& I Cm ww"A 140 1 sq- fk, ak am OACORD003 - Boynton Beach CRA - Cornerstone DIFA — 10-27-06 16 1=7,7-177� 77, 77 t 77 PIT 57 7, OACORD003 - Boynton Remb CRA - Coramtone DIFA — 10-27-06 17 7u,TKR ........... . . . . . . . . . . . . . . A 0, 77777ff7"W7+,.l- "T4 IF PA Aiiihlih N I Akio 614 OACORD003 - Boynton Beach CPA - Comwstone DIFA — lo -27-M I lil� M =1 OACORD003 - Boynton Beach CRA - Cornerstone DIFA —10-27 19 till ,,*2777A W1,27,71W OACORD003 - Boynton Beach CRA - Cornerstone DIFA —10-27 19 0 17 7,71JI-7717 MiT,7757,,X, OACORD003 - Boynton Beach CRA - Comastone DIPA — 10-27-06 2A Access Unks Soldi I, 'inti Sold:f:E:IIqlkIeTIF 1 2% 26 52% 2 4% 27 54% 3 6°/a 28 56% 4 8% 29 58% 5 10% 30 60% 6 12% 31 62% 7 14% 32 64% 8 16% 33 66% 9 18% 34 68% 10 20% 35 70% 11 22% 36 72% 12 0.24 37 74% 13 26% 38. 76°% 14 28% 39 78% 15 30% 40 80% 16 32% 41 82% 17 34% 42 84% 18 36% 43 86% 19 38% 44 88% 20 40% 45 90% 21 42% 46 92% 22 44% 47 94% 23 46% 48 96% 24 48% 49 98% 25 50% 50 100% # ' ! + } Boynton a 10-27-06 FIRST AMENDMENT TO DIRECT INCENTIVE FUNDYNO AGREEMENT DATED DECEMBER 14, 2006 Between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY And BOYNTON VILLAGE, LLC WHEREAS, on December 19, 2006 the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (66BBCRA') and BOYNTON VILLAGE, LLC entered into a Direct Incentive Funding Agreement (the "Agreement") relative to the Project known as the "Preserve' WHEREAS, the Agreement provided that the Developer was to set aside fifty (50) units designed to be affordable access units; WHEREAS, the Developer has requested that the eligibility requirements for potential buyers be modified to increase the eligibility threshold from 120% of Median Household Income as set by the United States Housing and Urban Development (HUD) in the year for which the units are sold; NOW THEREFORE, in consideration of the mutual covenants set forth herein and other lawful consideration, the Agreement is amended as follows: Section 5.1.2 is amended to read as follows: 5.1.2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and No1100 Dollars ($50,000,00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus Models (see attached Price List marked as Exhibit "C" which is attached hereto and made a part hereof) to buyers whose income does not exceed 12 140% of Median Household Income ("MHI") for Palm Beach County as set by the United States Housing and Urban Development ("HUD") for the year in which the units are sold. Proof of income qualification for the Affordable Access Units shall be provided to the CRA prior to any disbursement of Pledged Project Increment Revenue. Examples of acceptable forms of proof include HUD closing statements executed by the Buyer and seller; copies of two years of tax returns; and/or paycheck stubs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. Section 5.1.3 is amended to read as follows: 5.1..3. Qualifications for buyers of the Affordable Access Units and related re -sale requirements and restrictions shall be found in Exhibit "D" attached hereto and made a part hereof (the CRA Homebuyer Assistance Program Guidelines TADEV ELOP ENTNThe Preserve - ComerstonelPreserve DIPAUFA Revised Amendment (2).doe Section 8.5 is amended to read as follows: .5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized mortgagee), or whenever either of the parties desires to give or serve upon the other any notice, demand, request, consent, approval or other communication with respect hereto or to the Project, each such notice, demand, request, consent, approval or other communication (referred to in this Section 9.4 as a "Notice") shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or (iii) a recognized national courier service, addressed as follows: If to Boynton Village: With Copies to: Boynton Village, LLC C/o Cornerstone Group Development, LLC Attention. Leon Wolfe 2121 Ponce de Leon Boulevard, PH Coral Gables, Florida 33134 Michael Weiner, Esq. Weiner & Aronson, P.A. 102 North Swinton Avenue Delray Beach, Florida 33444 If to C Boynton Beach Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton Beach, Florida 33435 With Copies to: Donald J. Doody, Esq. Goren, Cherof, Doody & Ezrol 3099 E. Commercial Blvd. Suite 200 Ft. Lauderdale, FL 33308 IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. TADEVELOPMETMThe Preserve - CornerstoneTreserve DIFAUFA Revised Amendment (2),doo 2 Print narnepWA I Date: Print name: Aj2f lift CWL BOYNTON BEACH COMMUNITY REDEVELOPMENT AGE' NCY By:_ v Print name. 4v 44 Title: ClUrperson Zoe, T.UMVELOPME'-MThr, Pmuryc - CornerstoneTreserve DIFAWIFA Revk4d Amendment (2).doc M BEFORE ME, an officer duly authorized by law to is the act aild deed of TITI. � Ras — - -- — ------------- OEM= . He/she is personally known de`�-ti —fic ati on. IN WITNESS Op4jiE FOREGOING, I have my hand and official seat at in the State and Coun a411 saiad on thi, jV of .2008. n i S Nte f Leyani Roman lotary P ic, State of Florida at Large PIP *Nh Conu@ G $$!on # DW6. Expires: Apr, 23,2008 My Conunission Expires: Bonded Thru A thwe Dondino CO3 Inc, M BEFORE ME, an officer duly authorized by la -,.N, to �minister oaths and take acknowledgnents, personally appeared A, a Irtm 4) of BOYNTON BEACH COMMUNITY REMELOPMENT AG CY, anti acknowledged under oatb that helshe has execlftd the foregoing Agreement as the proper official of BOYNTON BEACT4 COMMU1,11TY REDEVELOPMENT AGENCY, for the use and purposes mentioned berein and that the instrument is the act and deed of BOYNTON BEACH COV1.MLWTY REDEVELOPMENT AGENICY. nally known to me or has produced .Bc/she is erso as identification. , I 11M and County aforesaid on this day of My Commission Expires: — eu— M M KWO am &J* T.XDEVELOPME"Tfie Preserve - CornerstoneWreserve DIFAOIFA Revised Amendment (2).doc 4 SECOND AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT AT DECEMBER 9, 2006 Between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY And BOYNTON VILLAGE, LLC 11AEREAS, on December 19,2006 the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ("BBCRA") and BOYNTON VILLAGE, LLC entered into a Direct Incentive Funding Agreement (the "Agreement") relative to the Project known as the "Preserve"; and WHEREAS, the Agreement provided that the Developer was to set aside fifty (50) units designed to be affordable access units; and WHEREAS, on January 8, 2008 the parties entered into a First Amendment to Direct Incentive Funding Agreement which increased the eligibility threshold from 120% to 140% of Median Household Income as set by the UnitedStates Housing and Urban Development (HUD) for the year 2006; and WHEREAS, the present economy has causedsignificantly reduced demand for the purchase of units in the Project; and WHEREAS, the Developer has requested that the eligibility requirements for potential buyers be modified to include rental opportunities; and WHEREAS, the CRA intends to continue to provide incentive funding to the Developer #I opportunities and to provide incentive funding for rental opportunities on the basis set forth herein. NOW THEREFORE, in consideration of the mutual covenants set forth herein and other lawful consideration, the Agreement is amended as follows: Section 2 is amended to insert the following paragraph after the paragraph entitled "Affordable Access Unit" and shall read as follows: "Affordable Access Rental Units" means not less than 100 units committed by the Developer (or its assigns) as affordable rental housing which shall be Tented to individuals and families earning 60% or less of Median Household Income for Palm Beach County as set by the United States Housing and Urban Development C'HUD"). Section 5. 1.1 is amended to read as follows - 5.1.1. Developer agrees to set aside fifty (50) units designated as Affordable Access Units and at least 100 units as Affordable Access Rental Units. 5-L2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and No/l 00 Dollars ($50,000.00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus lot 4: HUD). Proof of income qualification for the Affordable Access Units and Affordable Access Rental Units shall be provided to the CRA prior to any disbursement of Pledged Project Increment Revenue. Examples of acceptable forms of proof include HUD closing statements executed by the buyer and seller; copies of two years of tax returns; and/or [taycheck stubs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. 5.21. With respect to the Affordable Access Unit component of the Program, the CPA must examine the qualifying income data for every purchaser identified as a qualifying purchaser pursuant to the Affordable Access Unit requirements and must certify, in writing, the eligibility of all such qualifying Purchasers under the Program. The written opinion must include verification of the number of residential units which are owned by qualified purchasers. Developer must provide all necessary documents to conduct the audit including, but not limited to, the executed deeds and closing §MsztigT. 7L-7n-ZYAe- requested regarding the Affordable Access Rental Units. "RENFORM 5.2-7. Exceeding the agreed upon requirements of the 50 Affordable Access Units or 100 Affordable Access Rental Units shall not entitle Developer to additional funding under this Agreement or to a credit or set-off against any reduction in funds due to failure to meet the other Affordable Access Requirements in earlier years hereunder. Section 6. Direct Incentive FunqLug. The direct incentive funding "to NNIEL 1 ►ATd orovided for W11 ON - i Aii ile-Oireeilli. i I T-�DEVELOPMENI)The Preserve - ComerstoncTreserve DIFAUFA Second Amendment - 2010 (3).doc 2 (10) consecutive years, as provided herein and below, an annual amount which equals the Pledged Project Increment Revenues as set forth in subsection 6.].C. herein less anN amounts deducteA the failure of Developer to comply with the Affordable Access Requirements of this Agreement. A. The Pledged Project Increments Revenue shall be award 4 pro rata based on the proportion of Affordable Acce Units sold to eligible buyers and Affordable Access Rent Units rented to eligible tenants. For example, if ten (I percent of Affordable Access Units are sold and/or rent in the first year which the Developer elects to receive Project Increment Revenues, Developer (or its assigns) entitled to 10% of the eligible Pledged Project Incre 'men Revenue that year. If, the following year 100% Affordable Access Units are sold and/or rented, Develop (or its assigns) is entitled to 100% of the Pledged Proge Increments Revenues that year and in continuing ye until the ten-year period has ten-ninated. See Exhibit attached hereto and made a part hereof for the estimatet Pledged Project Increments Revenue Calculation for th Project. B. Developer shall have the option to postpone the fi Pledged Project Increments Revenue disbursement to t following year at Developer's option with wwrl notification provided to the CRA in advance of t disbursement. I C. For the first through fifth disbursements of the PledgA.9 Project Increments Revenue, the Developer shall entitled to 75% of the Project Increment Revenues. Fort sixth through tenth disbursements, the Developer shall entitled to 25% of the Project Increment Revenues. I 1 4 0 Q Mzffs�l M B. The completed improvements of each Phase have been placed on the Tax Roll; CL The CRA has determined that Project complies with tfs commitments and with all of the terms and provisions (0 TZEVELOPMENTMe. Prrserve - CornerstoneWreserve DIMI)IFA Second Amendment - 2010 (3).doc 3 D. All requirements as set forth wn this Agreement have been complied with by Developer; and E. The CRA has received Project Increment Revenues from such improvements. However, this Agreement and the initial ten (10) year term for each Phase for the Receipt of Pledged Project Increments Revenue shall be automatically extended r an mriod of tig 8.5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent� approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized 1410i"awl to the Project, each such notice, demand, reques4 consent, approval or other communication (referred to in this Section 9,4 as a "Noti&') shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or (iii) a recognized national courier service, addressed as follows: If to Boynton Village: Boynton Village, LLC c/o Cornerstone Group Development, LLC Attention: Leon Wolfe 2100 Hollywood Boulevard Hollywood, Florida 33020 With Copies to: Michael Weiner, Esq. Weiner & Lynne, P.A. 10 SE I't Avenue Delray Beach, Florida 33444 If to CRA: Boynton each Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton each, Florida 33435 TADEVELOPMENMThe Preserve - Corncrstonc�preserve 01FAUFA Second Arnendment - 2010 With Copies to: James Cherof, Esq, Goren, Cherof, Doody & Erol 3099 E. Commercial Blvd. Suite 200 Ft. Lauderdale, 1.33308 M WITNESS OF THE FOREGOING, the parties have set their hands and seaIs the day and year first above written. ii!lllllll�ilillill q1111111 I III I I I I � I I I I Print name:�- 0/ "d Print nwamne: I i [a"Ay"AIDIWOMNAVITIME M - Date: /716 T-WEVELOPMENTNThe Preserve - Cornmtowmwnc DIFA%DYFA Second Amendment - 2010 (3).doc Owl ' Rental . X -M '.j'j Z -f'srms aw�-f F Beach County. ProjectExhibit "Ell Pledged Increments Revenue Formula Eyav-nles of Affordable # of Aft6rda—G-1eAc—cess Access 1 ni �� I�r�" Sold Sold andfor Rented % Of Eligible TW �ra�11o�° �� n d �% of Ii 11� 3"1 3 2% 78 52% 6 4% 81 54% 9 6% 84 56% 12 8% 87 58°% 15 10% 90 60% 18 12% 93 62% 21 14% 96 64°% 4 16% 99 66% 7 18% 102 68°% 30 20°% 105 70°% 33 22°% 108 72% 36 0.24 111 74% 39 26°% 114 76%6 42 28% 117 78°% 45 30% 120 80% 48 32% 123 82% 1 34% 126 84°% 54 36% 129 86°% 57 38% 132 88°% 60 40% 135 90°% 63 42% 138 92% 66 44°% 141 94°% 63 46°% 144 96% 72 48°% 147 9°% 75 50°% 150 100°% T:�DEVELOPMENRThe Preserve - Cornerston6Preserve DIFA\DIFA Second Amendment - 2010 (3),doe 9 1 LEWIS LONGMAN & WALKER I PA. A I 1 0 R IN k Y S A i L A W Tara W. Duby tduhy@llw-law.com mr1r-WIMP Mario Robaina II, Vice President — Finance The Cornerstone Group 2100 Hollywood Boulevard Hollywood, FL 33020 On behalf of the Boynton Beach Community Redevelopment Agency ("CRA), please acceR t this response to your letter dated April 28, 2015. In that correspondence, you requested 2 disbursement of Pledged Prqject Increment Revenue purivant to Section 6.1.0 of the Direct Incentive Funding Agreement dated December 12, 2006, between the CRA and Boynton Village, LIE, as amended. Because yot4 as Developer under the Agreement, have not complied with Section 5 of the Agreement, which is a condition precedent to the disbursement of funds under the Agreement, the CRA wil I not disburse the requested funds. Performance Audit. Prior to receiving the annual allotment of Pledged Project Increment Revenue, Developer shall provide written audited verification, at its sole cost and expense, of substantial completion and of compliance with the requirement to sell 50 Affordable Access Units. TAMPA SAY 101 Riverfront Boulevard Suite 620 Bradenton, Florida 34205 FS 941-708-4040 0 f 1941-706-4024 005OW&I JACKSONVILLE TALLAHASSEE 245 R Iverside Avenue 315 South Calhoun Street Suits 150 Suite 630 Jacksonville, Florida 32202 Tallahassee, Florida 32301 P 1904-353-6410 - f 1904-353-7619 p 1850-222-5702 - f 1050-224-9242 www.11w,law.com WEST PALM REACH 515 North Flngler Drive Suite 1500 West Palm Beach, Florida 33401 p1561-640-0820 * fI561-640-8202 Mar,O • 11 _ Vice president � Finance June2,2 1 page 2 failed to meet the condition precedent for the Agreement. TWD/lb release of funds pursuant to Sel,n 6 of the sincerely, T a'10. Dully ATTACHMENT PERFORMANCE AUDIT - BOYNTON VILLAGE, LLC a Boynton Villageq LLC ��M NOTES TO MEPENDENT AUDffORSP nPORT I �, Rest 1-2 3-5 7-8 INDF,p,FNDENT.At,q)ITORS'RF,POP-T Boynton Village, LLC 2100 Hollywood BoulevWd Hollywood, FL 33020 We believe that the atidit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, Boynton Village, LLC compUed, in all waterW respect's with 1he compliance requirements under die Agreement as of September 30, 2015. Other Matters In connection -with our compliance audnodiing came to our attentim that caused us to believe that the Company Wed to corriply with the terms, covenants, provisions, or conditions of the Agreernen� insofar as they relatc to accounting matters. We were not engaged tc� and did not� conduct an examinaflon, the objective of Wbich would be the expression of an opinion on the effectiveness of internal control. Accordiney, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. Report on Supplementury Information Our compliance audit was condfictod for the purpose stated above, Schedules A and B are ented for #..114of additinnal nra C, Irn al iorese. MA 44 992#1 1 0 December 18,2015 Aske & Compa — Plimtation, Florida Cerdfled Public Accountanj T 'Nehe 1. flateNgratuld Boynton Beach-(:ffipmuniq Rgdeveje �znent A�zen Under Florida law (Chapter 163, Part III), loml goAAA am .,let designate selected portions A' f a City as Commurity Redevelopment Areas whae slum and blight exist. The CRA improves deteriorated areas through revitaliMion efforts which miproves the propexty -values within the designated CRA area and increases property tax revenues. The Boynton ]Beach Community Redevelopment Agency CCfW) is responsible for developing andimplementing the C4mmurnty Redevelopment Plaw that addresses the umque needs of the targeteA area. The fiAI' ing; source for CRA redevelopment initiatives is tax increment financing unique tool milable to ces and counties for redevelopment activities. It is used to leverage public funds to stimulate redevelopment activity in the targeted am without ralsmg taxes. The dollar value of all real property in the Community Redevelopment Area is determined as of the base year, the year the CRA is established. Twdng authorities, which contribute to the tax increment, continue to receive property tax revenues based on the base year values.' Any tax L t, All I {ii -I TM�111 a A Ted propmV in Boynton Aarida. During 2006, the Company entered into a Direct Financing Agreement C'DIFN'or the "Agreement-)witlitheCRA. UndertheDIFA, theCompany applies to receive TIF fimding by complying with the ternis, covenants, proons, and conditions specified under the agreement These provisions include evaluafing prospective purchasen and makmg deterramallow whether the purchasers meet the criteria as low-income buyers or renters. The C4n1pany is also required to offer reduced rental and sales prices on residential units for qualified purchasers or renters to ensure "affordability" of the umu. N Note 2. Results oft Audit IM Boynton V91age LLC Compliance Audit �41= �1111 U1, respect to the Affordable Access Unit component of the Program the CPA must examine the qualifidng income &W for every purchaser Ldmdfwd as" a qualifying purchaserpursuant to Me Affordable Access Urat requirements and must cerro" * In writing the el;gibifily ofall sa�h: quallfong Purchasers under the Program. ' * The witten opinion must include verificadon of the number of residential unity which are owned by quahj7ed purchasers. Developer must provide all necessary documents to conduct the audit inclualing, but not limited to, the execufed deeds and closing siatemsnm " I Z 'In V 17111 jj!�Xo W 1147747-13-01 R-015, which is approximately 91% of the 150 units required under the DIFA- Affordable Accen'Units Sold 1 # I I _Lu -,L..k -i#..f I V - L si UAWLINWWW'" by the Cmipany is insufficient for reporting purposes under the DIFA. Affordable Access Units Rented the Agreement at September 30, 201 S. 113 Boynton Vfflage ILC Compliance Audit Notes to Independent Auditors' Report September 30,2015 Note 4. 12rojectIncrement Ftevenues M4 M Wr , S' �, � �� i �S� � i; ` �� 3 Tax, Val, c, $ 6,441,000 $ 8,776,200 Unquafied Units: 13 Total Units Sold: 150 . Value of the Project - EWe Year 2004 (See DIFA) $ 1,025,000 Net Jacrease in Value A) .......... 7�' 7""I'S" . . . . ............ Percentage of Qualified Units Sold or Rented to TOW Units Sold (rounded - see above) B) x 91.33% lsnfg�7= City of Boynton. Beach NE11age Rate 7.9000 pe'r 1,'000 Palm Beach County MllW Rate 4.78 15 per 1,000 Combined Millage Rate C) x 12.6815 per 1,000 IW Revenue Created by Project (rounded - D � AxBxC) D) S — — — ------------- 5— 74 89,71- Boynton Village LLC CqmpliaRce Audit &bedule 0 September 30,2 015 MUMMITal Addiess Buil unit Tax Value 1990 NE STH ST 2 202 S 33,200 1966 NE 5TH ST 2 206 116,000 1948 NE 5TH ST 2 209 108,000 1942 NE 5TH ST 2 210 116,000 1848 NIB 6TH ST 0 904 98,000 1942 NE 6TH ST 9 903 102,000 1824 NE 6M ST 9 908 98,OOD 18 18 NE 6TH ST 9 9Q9 102,000 1743 NE 6TH ST 12 1205 102,000 1747 NE 61H ST 12 1206 98,000 1751 NE 6TH ST 12 1207 102,000 1755 NE 6TH ST 12 1209 98,000 1759 NTE 6TH ST 12 1209 102,000 1763 NE 6TH ST 12 1210 98,000 1726 NE 6TH ST 13 1304 110,0()0 1722 NE 6TH ST 13 1305 114,000 1714 NE 6TH ST 13 1307 114,000 1826 NE 5TH ST 1405 14 1405 102,000 1703 NE 5th St 14 1408 118,000 1819 NE 5TH ST 15 1503 102,0130 1835 NE 5TH ST 15 1505 102,000 1843 NE 5TH ST 15 1506 98,000' 1851 NE STH ST 15 1507 102,000 23 2,335,200 4 Of Units Atkhws !!U—i'qt& in -Riog Tax Valu e, 190-3 NE 5TH ST 1 14 $-791,000 2001 NE 5TH ST 3 12 678,000 540 NE 19TH AVE .4 14 791,000 541 NE 19TH AVE 5 14 791,000 2009 NE 6TH ST 6 10 565,000 1900 NE 6TH ST 7 12 678,000 1903 NE 6M ST 8 14 791,000 18M NB,6TH ST to 14 791,000 1750 NE 6TH ST 11 10 565,000 A WT AIIJ� C I iJ DATE; February 9, 2016 TO.- Vivian Brooks, Executive Director Tara Duhy, CRA Legal Counsel FROM: Susan Harris, Finance Director -S- RE: Boynton Village LLC - Compliance Audit I am in receipt of the Compliance Audit for Boynton Village LLC. I am not in agreement mdth the results of the audit due to a number of deficiencies as letailed belo .. 1 . Taxable Values different. Auditor based Calculations on the PAPA fair market value. The CRA receives increment based only on Taxable Value. 2. Auditor did not calculate based on 95% of tax increment revenue received by the CRA (as sperified in the statute). 3. Auditor did not calculate percentages of eligible units based on back up Exhibits to Agreements. 4. TO Property calculate the payment, the 2015 Taxable Value must be determined fbr the rental units and housing units separately, then the base value backed out, the percentage of eligible units applied to the result, and finally the millage applied at 95% for the amount to be paid to the developer. This is all specified on the Incentive Calculation spreadsheet. S. Documentation: a. Rental Units - Compliance audit states "qualified rentersr at 114. The CRA counts 116 at qualified. The Incentive Calculation spreadsheet is adjusted accordingly. b. Housing Units - The developer dfd not provide documentation proving eligibility tbr the 23 housing units claimed in the Compliance Audit as eligible. The CRA has determined 5 are eligible (four original owners and one original owner in foreclosure). The Incentive Calculation spreadsheet is adjusted accordingly. A spreadsheet is attached outlining theCompliance audit claimed eligible housing units. The CRA spreadsheet lists "2015 Ownere establishing eligible housing units fbr the tax year 2015. PAPA printouts are also included to verify ownership. It should be noted that after the original homeowners moved through fbreclosure, default or short sale, the units were then owned by banks, LI -Cs, I -Ps or various corporations, some of which were sold to new homeowners. 6. The revised Incentive Calculation Payment to the Developer is $45,759. 11 Iti d T CD N LO T O N A e �I o 40 w -0 t X LLL a AS mg IM M ww' -- iW l 7 7 c m E LD acs acs 5 c c c� 9 912 0 0 n n V O O Lo In o i° o 0 Lo c�i r" N CO LCJ r r 64 64 b4 Cm d y W 7 M N ca®~ E m m LnT R C N a CO n 04 m N m 1 q co `p m M C CD OD O r m F e' r O _ W w 40 �o C 469 9). Lo 0 W O m O h J M- m 0 0 0 0 0 O O O O N Go 7 W ® O 0 O 0 b 0 0 CL 0 O O ® O 0 C a O 0 Ct M O w m IC�Qy r :3 m M ffi ti N U)ffi Nr 0 ti N- Lo Lf) Go C W U — LA d d + �_' c 7 i aM Ca c cc m U U 0 0 g X X 0 ca m m La a CL Q N d X C V d C Z, E a c 2a o m w -0 t X LLL a AS mg IM M ww' -- iW l 7 7 c m E LD acs acs 5 c c c� 9 912 0 0 n n V O O Lo In o i° o 0 Lo c�i r" N CO LCJ r r 64 64 b4 Cm d y W 7 M N ca®~ E m LnT R C N a CO n 04 m N 1 q co O D M C CD OD O r e' r 40 469 9). m :3 N cm [0 = Nr 0 W U — C .-. d + �_' c 7 i aM Ca c cc m U U 0 0 g X X 0 ca m m N d X C V Q..E C E m Nas � cn 0 c �, CL 0 aas as as o 0w' 0 0 0 o c cn CO O Ira L a .Q Co w m V 16 4- 0 U 4-- FU O j i N 0 N m as G> LK .0 0 m v 7 �U 0 •, 0 d C Ib U - r m e O 0` N O N` C O _+ — '� �_? C> O 1 49 1 a �' U C U w ' 0 o U. �a a z w -0 t X LLL a AS mg IM M ww' -- iW l 7 7 c m E LD acs acs 5 c c c� 9 912 0 0 n n V O O Lo In o i° o 0 Lo c�i r" N CO LCJ r r 64 64 b4 Cm d y W 7 M N ca®~ E m U H. a L67 L6] 467 U') m LD CD W N w W W Ill LLl W LLI LLI d Z Z Z Z Z Z Z Z 0 co co N 00 N IRr 00 07 Coda' NtmtNT OS 07 07 03 00 00 co OD Q r T T T r r r r 4k r N M d r N M 1• Q L14 N N N c6 a) m C) r N M V' 0 m n w 05 0 r N M d• to CD n co C) r r r r r r r r r r C' U 0 L12 a� c CL � i U"o py 0 � @ QD ® 0 a)N= �"� cl) 2 (D m® o c Q J f]C `'—g c a c'D 8ro0��•° U ❑ M @ ® 000 L ® 0 O �. C@ _ Z@ U C 7 06C m = 'm Cn QV C a RS U @ u a) � �jy E f�4 V/ M 3z Q :ALL Q Q Q OS U T `1 @ @ C CD L 0 7 { P~h d 0 L 0 v Oq O /// (n MMC e• �'p VJ 1`7 LL C4 q CA Cv7 C) LO M CD O I, - CD U) r to r LO r Ln r LO r ul Lf) r LO r 0v+ cu m F— V m to lYi9 W W LLI W Z Z Z E M � 0 OD OD O O Co 4 0 4 0 0 CL C3 LO N N C6 N 667 V O G r m C> T N Bi co ER ER Cf$ 6°3 EA Efl LO O O O N r N r N T O N r O N r N r N T N T N r N r N r N r 61 Ql QY al � � CYD L*°O m QD w Ill Ill Ill LU LU Z Z Z Z Z Z � Vq' U) U) U) CD ti r t• r ti r I` r F r ti r CV C'? i 9 9 N r N r N r N N N r r N M V' 0 m n w 05 0 r N M d• to CD n co C) r r r r r r r r r r C' L12 c c d m v @ a)N= ag cl) y o c Y u m `'—g (❑ Z E CE C N @ r„ Ea () C -0 LLTo W-0 � U cu Cn 0 U) a tf 0 2 o� L'dp^ V/ LL V/ LL CC p CD @OL N 0 yry @ (�J C C C CD L 0 7 { P~h d 0 0 0 O LO LO N O C'7 03 Cri 08 O CD N O r Cv7 C) LO M CD O I, - CD U) r to r LO r Ln r LO r LO r Lf) r LO r L to lYi9 W W LLI W Z Z Z Z M � 0 OD OD co OD r N M tl LC] Ln Ln u7 r r r r (] r N M 04 04 N N rdg,� I v! I Parcel Control Number 08-43-45-15-25-000-2020 Subdivision PRESERVE AT BOYNTON BEACH 2 CONDOMINIUM Official Records Book 27622 Page 1105 Sale Date JUN -2015 Legal Description PRIESERVEAT BOYNTON BEACH 2 CONDOMINIUM UNIT 202 M ailing address Owners 3420 N 32ND TER 'SAN FRANCISCO NAVIGATION LLC HOLLYWOOD FL 33021 2617 Sales Date Price OR Boge Sale Type Owner JUN -2015 5135,000 27622/1105 WARRANTY DEED SAN FRANCISCO NAVIGATION LLC JA -2015 557,600 27559 /16T 2 WARRANTY DEED DALINO LLC SEP -2014 $20,100 27024 /0630 CERT OF TITLE SUNTRUST MORTGAGE INC JAN -2008 $279,990 22443 /0002 WARRANTY DEED LAGANO SASHA No Exemption Jnformation Available. Number of Units 1 *Total Square Feet 1561 Use Code 0400 -CONDOMINIUM Tax Year 2014 Improvement Value $0 $D Land Value $0 $0 Total Market Value $33,200 $33,200 All values are as of January 1st each year 2015 2014 $33,200 $0 $33.200 2015 2014 $745 $197 5942 $23,595 $0 523,595 $607 $200 $807 Acres Zoning 2013 $0 $0 $21,900 2013 $21,450 $D $21,450 RM a Gary ff Mloft CFA Homestead Exemption fta"rV A0,pralser WaAmb Ccuntyis Location Address 1966 NE STH ST Municipality BO TON BEACH Parcel Corrivol Number 08-43-45-15-25-000-2050 Subdivision PRESERVE AT BOYNTON REACH 2 CONDOMINIUM Official Records Book 27240 Page 662 Sale Date DEC -2014 Legal Description PRESERVE AT BOYNTON BEACH 2 CONDOMINIUM UNIT 206 Owners Mailing address 'WACK GARY & 200 NE 20TH ST AFT 11 SC 0 MACK BETH BOCA RATON FL 33431 8035 Sales Date Price OR Book/Page Sale Type Owner DEC -2014 5103,000 27240 /0662 WARRANTY DEED NACK GARRY& 94C4 -- SEP -2014 $100 27170/0104 WARRANTY DEED FEDRL HOME LOAN MRTG COR JUN -2014 $53,300 26886/0846 CERT OF TITLE HANK or AMERICA NA JUN -2007 $239,990 21938 /1160 WARRANTY DEED DICKENS FAITH No Exemption Information Available. Number of Units 1 *Total Square Feer 1557 Aaes We Code 0400- CONDOMINIUM zoriing Tax Year 2015 20114 2013 improvement Value $T 16,000 $97,000 $68.000 Land Value $o $o so Total Market Value $116,000 397,000 $68,000 All values are as of January I st each year T yeas 2015 2014 2013 Assessed Value $776,000 $18,271 S18,001 lExamptim Amount $0 S18.271 $18,001 Taxalltle Vallue 5116,000 so $o Tax Tem 2015 2014 2019 Ad Valorem S2,603 so $o Non Ad Valorem $197 so 5188 Total tax S2,800 SO $188 !'age I U1 1 Parcel Control Number 08-43-45-15-25-000-2090 Subdivision PRESERVE AT BOYNTON BEACH 2 CONDOMINIUM Of Ida) Records Book 26418 Page 1540 Sale Dale, OCT -2013 Legal Description PRESERVE AT BOYNTON BEACH 2 CONI)OMINIUM UNIT 209 Mailing address Owners ,WPBGHB LLC 355 ALHAMBRA CIR STE 801 CORAL GABLES FL 33134 5075 Sales Date Price OR F--�ot Fat'r, - Sale Type Owner OCT -2013 $150,000 26418/1540 WARRANTY DEED WPBCHB LLC MAR -2013 $88,000 25924 /1740 WARRANTY DEED PALM BEACH FNCL SOLUTIONS LLC MAR -20T] $50,900 24436 /0004 CERT OF TITLE HSBC MORTGAGE CORPORATION USA DEC -2007 5239,990 22384 /1214 WARRANTY DEED BARBEE KATHLEEN No Exemption Information Available. Nu mber of Units I *To,tW Square Feet 1601 Acres Else Codie 0400 - CONDOMINIUM Zoning Tax Year 2015 2014 2013 rMpraveffientyalue 5108'000 590,000 $0 Land Valve $o $0 so Total Market Y $108,000 590,000 $21,000 All values are as of January 1 st each year Tax Year 2015 2014 2013 II Assessed Value $99,000 $90,000 $20,460: Exemption Arnou at so $0 so Taxable Value 599,000 $90,000 S20,460.'41 Tax Year east 5 2014 2013 Ad Valorem $2.289 $2,039 $469 Non Ad Valorem 5197 $200 $188 TOW tft $2,486 ................ $2,238 $657 Pimp Mill, County HomegeadEnmPtion 4i�� Page I of I hftp.,Ilwww.pbcgov.comlpapalAspsIPropertyDetaillPropertyDetaff.aspx?parcel =084345152... 1/20/2016 I.Deadon Address 1942 NE STH ST Municipality BOYNTON REACH Parcel Control Number 08-43-45-15-25-000-2100 Su sloe PRESERVE AT BOYNTON BEACH 2 CONDOMINIUM OffWal Records Book 27596 Page 1593 Sale Date DEC -2014 Legal Description PRESERVE AT BOYNTON BEACH 2 CONDOMINIUM UNIT 210 Mailing address Owners �FEDERAL HOME MKTG CORP 4425 PONCE DE LEON BLVD Fl- 5 - - 1 .1 - -LOAN .1 —.- . I -I...-.- MIAMI FL 33146 1837 Sales Date Price OR Book/Page Sale Type Owner DEC -2014 $1 D 27596/1593 WARRANTY DEED FEDERAL HOME LOAN MRTG CORP NOV-2014 $25,700 27161/0101 CERT OF TITLE JPMORGAN CHASE BNK NATL ASSN DEC -2007 $229,990 2238411336 WARRANTY DEED BUREY ROXANNE No Exemption Information Available. Number of Unks I *Total Square Feet 1557 Acres Use Code 0400 - CONDOMINIUM Zoning Tax Year 2015 2014 2013 improvement Value $116,000 $97,000 $68,000 Land Value $o so $o Total Market Value 5116,000 $97,000 $69,00O.L All values are as of January I st each year Tax Year 2015 2014 2013 Ass essed Value $1116,004 $97,000 $60,O03 &emptlon Arnount so $0 $35,003 Taxable Value $116.000 S97,D00 $25,000 2015 2014 2013 Ad Valorem $2,603 52,196 $643 Non Ad Valorem $197 $200 $188 Total tax 521800 $2,396 $831 hftp.,Ilwww.pbcgov.comlpapalAspsIPropertyDetaillPropertyDetaff.aspx?parcel =084345152... 1/20/2016 k , La tion Address 1848 NE 6TH ST unicipality BOYNTON BEACH Parcel Control Number 08-43-45-15-33-000-1848 Subdivision PRESERVE AT BOYNTON BEACH 9 CONDO Official Records Bok 24184 Page 3 62 l Sale Date SEP -2010 Legal Description PRESERVE AT BOYNTON BEACH 9 CONDO UNIT 1848 Mailing address Owners 1848 NE 6TH ST L RACHEL -- w= - - �— BOYNTON BEACH FL 33435 3516 SAWS Date ...w... w mR price OR ask/Page Sale Tye Owner s SEP -2010 $210,000 24184/0362 WARRANTY DEED ..•---. , ..A• .. ® SEYLER RACHEL . stall s 1,SEYLER RACHEL 2016 N' jmwr.r.: Iia bt: 1 �'Tott g Sai are - et 1557 Acres Use Code 0400 - CONDOMINIUM Zoning 2015 a'2013 improvement Valvae $98,000 $82,000 $63,000 Land Value $0 $0 SO -rvpw Mamet Value$98,000 S82,000 $63,0001 All values are as of January 7 st each year .s Assessed Value $64,457 $63,945 $63,000 enipfl Amount l $39,457 $38,945 $381000 Taxable Value $25,000 $25,000 $25,000 'Ad Violarem$670 $572 $666; Non Ad V $197 $200 $188 Total tax $867 $872 $854; j This instrument prepwad by. or Oder the suparvision of, and aft recording return to:: Howard J. Vogrel, Esq. Seffi* Rennert V0901,3 Mandlor P.A. W&K Suke 2900 . . . . . ...... in 11116111"1 move 0 IM111111M Im CFN 20100425745 OR BK 24184 PG 0362 REGORDED 11/9912919 jjj-2@.-@8 TA111 Beach County, FLorida 1.Nr 216, Me." Tlz Stamp L,476.100 7 ,haron R. BDck,CLERK L COKPTROLLER T'99 6362 - 363; QW) ------- ----- ; -- - --- - ------ -------------- SPECIAL WARRANTY DEED Nil Ts S WARRANTY DEED Is made and entered into -as of the �Q day of September 2010 be� y YNSMILLAGE, L.L.C., a- Florida limited liability company, Grantor, whose office address is 2100 HQd Blvd., Hollywood. Florida 33 0 20 to Rachel Seyler, Grantee, whose mailing addres5 is 1848 N aMStreet, Boynton Beach, FL 33435. Wherever used herein, the terms "Grantor' and "Grantee" shall in-RO-4 as to aach party, to this instrument, its heirs, legal representatives and Tssigns. W I TNES SETH: #Zratloh of Ten and NoM00 Dollars ($1D.00) and other goGd mil GRANTOR, for and' valuable consideration, the re Yand sufficiency of which are hereby acknowledged, has granted, berogined and sold, a nts dm hereby grant, bargafn and sell to Grantee, the following mF-T'Qw-RaQCzr# -��"—Veach County, Florida (the "Property"): 1nit 1848, of THE PRESERVE OYNTON BEACH 9, A CONDOMINIUM, according to the Declaration of Condomi corded In Official Records Book 23754, at Page 1217, of the Public Records Beach County, Florida, as amended and/or supplemented *om time to Urn her w1th an undivided interest in the common elements appurtenant thereto. - U4 TOGETHER WITN all the tenements, hereditaments and appurtenances therQunto belonging or --ppertaining thereto. inerem, au as amended and/or modified from �me to firne. and (il) the Declaration of Covenants, Restrictions and Reciprocal Easements recorded in Official Records Book 21330, at Page 1936 of the Public Records Of Palm Beach County, Florida and all exhibits thereto, as amended andlor modified from time to time (collectively, the "Declarations"), TOR herebv we I 0^^1r*3A I OA 4 L._zmew�vemc4mx tcnm�� 11"n WEOF, -Grantor has hereunto sO Its hand and seal as of the day and year first M— STATE OF FLORIDA ) as: COUNTY OF MIAMI-DADE The foregoing instrument was acknowle0ged J. Wolfe, as President of. Boynton Village, Ull ,Nu T6 ; IR ; " WIM al Fkdda Imited flob0ity company, on behalf of ft as ldenfifi=Vori. Notary Public, Skate of Florlds Commission No. Page i of I Official Records Book 23947 Page 1034 Sale Date JUN -2010 ea O es�,;��inn PRESERVE AT BOYNTON BEACH 9 CONDO UNIT 1842 �n.. ,. Owners DE51R RALPH 1842 NE 5TH ST{ BOYNTON BEACH FL 33435 3504 Sales Date Price OR Book/Page saleType Owner JUN -2010 5210,000 23947/1034 WARRANTY DEED DESIR RALPH No Exemption Information Available. Number of Unit 1 "Total Square Feet 1601 Ages Use Code 0400 -CONDOMINIUM Zoning Tax Year zols 2014 X2.013 Impir tValue $102,000 $85,000 $65,000 Land Value $0 s0 $0 Total Market Value $102,000 $$5,600 s65,000 t All values are as of Jams wV I st each year Tiaaa Year Li15 2013 Assessed Value $78,650 $71,500 $55,000:, Exemption Amount s0 s0 SO Taxable Value $78.650 $71,500 $65,000 Ad Valorem $1,940 51,721 $1,475 Nort Ad Valorem $197 5200 S188" Total t $2,137 51,921 $1,663 Gwy A Mkoom, CFA Homestead Exemption 7 ftptfty pa Location Address 1824 NE STH ST Municipality BOYNTON BEACH Parcel Control Number 08-43-45-15-33-000-1824 Subdivision PRESERVE AT BOYNTON BEACH 9 CONDO Official Records Back 26261 Page 1001 Sale Date AUG -2013 Legal Descriptioli PRESERVE AT BOYNTON BEACH 9 CONDO UNIT 1924 MallfngaddFess Owners 743 7 W ATLANTIC AVE STE 34 'TRYZUBINVESTMENTSINC DELAY BEACH FL 33446 3505 ............ salv_ Price OR Book/barge Sale'rype Owner AUG -2013 $126,500 26261 /lool WARRANTY DEED TRYZUB INVESTMENTS INC SEP -2010 5215,000 ..24163 / 0499 WARRANTY DEED CLEMENT JEWEL R F No Exemption information Available. Number of Units 1 Use Code 0400 -CONDOMINIUM Tax Year 2015 Improvement Value $98,000 Land Value $0 Total Market Value $98,000 """ " "I., iv Assessed Value Exemption Amount TaxaMe, Value -fox Year Ad Valorem Non Ad Valorem Total tax ,Total Square Feet 1557 014*TE*13 $82,000 $0 $82,000 All values are as of January I st each year 2014 S90,200 so 590,200 20)5 2014 $2.082 $197 52,279 582,000 $0 $92,000 a UMEM I I Acres Zoning - 2013 $63,000 so $63,000 2013 sm $63,000 $o $63,000, $1,430., $188 $1,618 J 0 HMard I ftel. Es4 an Renmel Vogel a Mandler P.A. 1 2' Shvet, Suke 2WO AlBMW I.D. NO. � 0-43-45-1540-000-02M .ratOra LD. No(s) N 20100410537 BK 24163 PC 0489 IK-igll) 10128/2MO 12:44tW 7K Beach Cousty, Plarlds 215,000.00 stoup J, x,.00 BackCLMIX & (Uwmxj�n OM - 490� (4p) SPECIAL WARRANTY DEED THis s WARRANTY DEED is made and entered Into as of the W`libay of September, livy 2010 by BOYNIT LAGE, L.L.C., a FlOrfda limlled company,- Grantor, whose address office is 2100 H d Blvd., Hollywood, Morids 330liability20 to Jewel R.F. Clement, Grantee, whosis mang address is II&NE 0 Stree� Boynton Beach, FL 33435. Wherever used herein, the terms "Grantor" and '�Grantee`&,11 include, as to each party, to this instrument 11 W WITNESSETH. 0 GRANTOR. for and V, valuable consideration, the ion of Ten and No/100 Dollars ($10.00) and other good and bargained and sold, and by thiss' d sufficiency of which am hereby acknowledged, has granted, -,PL 65,g Unit 1824, of THE PRESERVECYYNTON BEACH 9, A CONDOMINIUM, according to Me Declaration of Condomi corded in Oftial Records Book 23754, at Page 1217, of the Public Records a Beach County, Florida, as amended and/or supplemented torn time to ti I %,,her with an undivicled interest in the common elements appurtenant thereto. ZZ TOGETHER WrM all the tenements, hereditarnents and appurtenances thereunto belonging nppertaining thereto. Zvi 7 0o%^6,'3A I W2 ID-new^A 00 0Irs,% 1 ^4 ") BOYNTON VILLAGE, .L® a Rod" Hmfted llabl#ty cmunan ft Preskkmt BY- 7Lej. clfez �Prel STATE OF FLORIDA ) as: COUNTY OF MIAMI-DADE Nogales CFN 2013036?196 OR EK 26261 PG igol REMMED 04/1612913 ISIN-24 PINIS Beamb County. Fluridk ANT 126,5oo.go Don 9tump W5,56 ShIrOn R- BdrkCLERK & COMFMLLEI P90 1001 - IM2; f2jimO JE Warranty Deed (STAMORY FMM - SUMON a9m, F�s.) In Witness Whered ammor has hmmm set rMAWS hold MI'd am, 'he day md yearfult above wdttm Sigwdte4yd mA &Hvewd w ow preaftom The fonwm'g kaftwmact wm w1mawlefted beibm mc " 15—M af Ausard, 2013 by Imel P -F. Onnget, who LI P--HY kw'wn Or [XI h3s pmu%xcd a &ivii% Ih-.em m idmificuff-M [NutwySwIj otary pzc PrfiftdNamm.- mycaumminionExpim: F% — ® 8 f4 A or%_ — — A ^^A rift 11 — r^ -w zAT BOYNTON EXACH ACCORDING TO THE DEr-LARATION C)F NAmE:. —Tryzub THE Par -SERVE AT ,-JULY---, 2013 4f 4 nn,3 Doseles, ') ^f 5 Fuge 1 011 J EXCIUMD1100, r CFA Homesteat MM P roperty, A0 er PlAwleach comy Location Address 1819 NE 6TH ST MunitiPaI4 BOYNTON BEACH f PSFCel Control Number 08-43-45-15-33-000-1818 Su bd IvIslon PRESERVE AT BOYNTON BEACH 9 CONDO OfficW Records BiDok 26453 Page 948 Sale Date NOV-2013 Leltal Description PRESERVE AT BOYNTON BEACH 9 CONDO UNIT 1819 Owne M INVITATION HOMES ALTUS GROUP US INC C/O 8050 SW (IH3 PROPERTY FLORIDA LP 70TH ST STE 1000 PLANTATION FL 33324 3286 arra Book/Page Sale Type Owner NOV-2013 $130,000 26453 /0948 WARRANTY DEED IH3 PROPERTY FLORIDA LP JUN -2010 5215,000 23947/1918 WARRANTY DEED SMITH EDWARD CJIR No Exemption Information Available. "Umbfi, W UONI.F, I *Total Square Feet T6011 Acres Use Code 0400 - CONDOMINIUM ar' 4 2014 2013 Improvement Value 5102,000 $85,000 Land Value $0 so Total Market Value $102,000 $85000 1 i, '1-Fqq Assessed Value Exemption Amount Taxable Value Tax Year AdVal orem Non Ad Valorem Total tax All values are as of January I st each year 2014 $93,500 so $93,500 = 1520 $2,162 $197 $2,359 r;#. - 0 t I om S85'0D0 so $95,000 2013 $1,924 5200 $2, T 24 $55,040 so $65,000 S55,00o,0 $40,000 $25,000 ." $869 Thib lrglbmmGnt PMPared by, " Millar the Supervir-Ion of. and altar rpoord Ing rejum tx. Esq. 0 Rennert Vagal & Mandler FA - StMet. SVft 2900 F 33131 A p PafcLq 1. D, No.- 08-4345-154)3LOIDD420S Grghfam' T KD No(a) tl aa.1 17� addr S iS 181 8 Ne and nGrantee� shall L 2n?gns. 9 GRANTOR, fbr ant Yalluable consideration, the jIi. Lyrimm. 1;ME& HNER TOGETHER WITH A the apertaining thamto. H;;zrlq W I T N E S 8 ETH. 1 '46 M M R ON M 9111,14, 0 0, 110 0 t,11 M R I III � 1[ m ag lalff I Fi-aln r- fZ4 —71111191 1 4 P MUUMP =-5- fl1Z-57-i7i 1117,17- flizA14-4. 1--M�77M71-7 TM. MC11- D`NPNA-� nwugtwu� IN WITNESS WHEREOF, Gra Rbove WtAhn ��Z BOYNTON VILLAGE, L.L.C., a Plbjida lignited Ilabl% e compamy ,I arne: BY: J Leld. Wds. ProoWent INMU3 m c r My oomffdwwn expms: 4EAQUAM MAPJI M. Nday P*ft no w Fmdom OWN@" I Do momp -oa.�;L&Mmax .... .... .. L 0 ", , - — w, - x - t gy a o aa,,,sa QFN 2013049601a OR RX 2645a PG 0948 REWRDED 11/15/291�a 15..18.16 pa"M Rviach COMBtV, FICMido AST 130, Doc Stamp 91 a. 08 Sia vas -R- FtookXURH & compTAELLER NO 0948 949; 12pgo9 G General Warranty d DmL vier"", Warranty 2.0 C SkJ -2013 AD. rd C SmkJj Jr an Uawarrkd D .2 R - 7M- I A 01 MiMane 1,indfgal poirinerghip. Whose pe� Off -,CC addM9 iS i Qgk"xw 0 d Blvd, SuiLp 250. flo &� FIL 3302a, hamina&T I IVA3awtv LEW 6L,� a. indiMlefib. And am to this iommenLawd tht hakWW'Mmaimaudollipotf WItUnnuisth, dim the "lor. fiv and 1. rwTi�,T-fw r=cim, whffLvf is h ra IT Of the sum OfTen rkftm (SI 0.00) and Odher wblc 4!W!RgL& —'�" and confirms unto tive. granoff r all that Cemin land Musk in ftlin ncoLh cMr;ti. Unit 181 S. of THE PRESERVE AT BOY CH 9. a CurmbMinklm, aacwdng to the Decianaeon Cmdtffninkm reWrded In OMCW Reowords 64, at Page 1217. of ft Public Recor& of pakm Beach C-11% Fforkla, aa Mended mWorsupplernanted COMMCM CICmQnU Opparlanard #*n#o. rMM Urns to tlrn@, tOQff#wwfth an undilidd kw*,..t P—el FU Nurobi-- 4&43,43-19-33-0811.1 Bia ToPther vAth all Iht tftrnww. kUdWoents and opivammmes tkMo bep�,Sing or in oorMse TO, Have and to Holdq am some in roe simple IbWVLT. appme And 'he 2"amD1hCrCb3'C0VC=nt5 Whh %a. W graftee that the jMn jgjjLW*ljyS,,iZ Df, law in rw simple. t#w the geo End CMvey Said lancL tha he ru" fifte nI h33- 9-d Ii-vilt and lawrul auftr4 in 3*11 cd aid DEED Mvt"W-M�qDmd, LWI.. hr k ofa A2 prby,.by,. Tridmar Tide, I.L OW .1WLibury R j loamrMl iC. Florida FileNumber: IF413-0 Mn, I' it waled et.. rid gzmmzmzlmm Sew! I 'd CS Jn 4_.) _R 7� -------- Add 0-17M Tm fir 'ms, imitrumcmi war, acknuldcdpl hdrc me Rwada� �ot' tuber. �v '�, by Edward C Smhh.)r,. yrs twmiaffied isimil. I E mid zi�a ............ ............... W-5 =E- DEED JoWvd-� WDwK, Dd. L�pj,,, F,, P -4m ! ofl Guy R IV*olj A mlwfty A?O, ralsw P Location Address 1143 NE 6TH ST Municipality BOY NTON BEACH is Parcel Control Number 00-43-45-15-29-000-1205 Subdivision PRESERVE AT BOYN BEACH 12 CONDO Official Records Book 26769 Page 1763 Sale Date APR -2014 Legal Description PRESERVE AT BOY ON BEACH 12 CONDO UNIT 1205 Mailing address Owners SEA GLASS PROPERTY MANAGEMENT LLC C/O 1035 5 ,MARINA PICCOLA LLC STATE ROAD 7 STE 315-13 WELLINGTON FL 33414 6134 Sales Date Price OR BookyPage 'SalpType Owner APR -2014 51135,000 26769/1763 WARRANTY DEED MARINA PICCOLA LLC JAN -2014 $10 26615/7745 QUIT CLAIM VERONA VENTURES LLC MAY -2013 $88,000 26074/0598 WARRANTY DEED VINAGRE ARIEL OMAR DEC -2007 $239,990 22384/1464 WARRANTY DEED GUERICH MARTHA No Exemption Information Available. Number of Units I *Total Square Feet 1601 Acres Use Code 0400 - CONDOMINIUM Zoning Tax Year 201S 2014 2013 Improvement Value $102,000 $85,000 Land Value so so Tertal Market Value $102,000 585,000 All values are as of January I st each year 201S Assessed Value $102,000 585,000 Exemption Amount so so Taxable Value 5102,000 $85,000 Tax Year 2015 0; 4 Ad Valorem $2,289 $1,924 an Ad Valorem S197 5200 Total tax S2,496 52,124 $70,000 so $70,000 2013 $70,000 $o 670,000 2013 51,589 $188 $1,777 q T'A KIN'lucal W, 11 b'ubjftd k O==imi34 rWrk" md roam&= of recard and taxes for at yew 2014 and ammfkr. 0" SJN TOGMM with au thu ummac% 8M APPmanances ttmeto belonging or in anywin appataining. rid M --I, im— — — �4 -7&e-v rk--- � TNESS'WH'gRWF, the mW ramftr hu siped W w&Wd Ihm pwam die day mW year fint above &Vn W and daHverW in Ow premim ef,� Mm JM, KA CAMAL lWa Iver" ft Fwm,,,o CAMAL A AA MANAGING KIMBER OF VMNA 41 am Sig, pomm 6 1 f am ;i�kwm 42 Si whiummu MAW VOOMON i Onwom Ow 077 EPMAULIUMS 9 ��M- iiiiiiiiiiiiii I IN 11 11 111 111 1111 4t � r -ol r ORIDA A, - _ --- LEASE OF THE PRESERVE AT APPROVED BY: -GLENN r wm, Homestead FxernpWn M, Location Address 1747 NE 6TH ST Municipality BOYNTON BEACH Parcel Control Number 08-43-4S-1 5-29-000-1206 Subdivision PRESERVE AT BOYNTON BEACH 12 CONDO Official Records Book 27878 Page 334 Safe Date OCT -2015 Legal Description PRESERVE AT BOYNTON BEACH 12 CONDO UNIT 1206 Mailing address Owners 3168 NW 88TH AVE AVER JESUS E SUNRISE FL 33351 7366 Sales Date Price OR Book/Page Sal ie Type Owner OCT -201 5 S114,000 27878 /0334 WARRANTY DEED VERGARA JESUS E FEB -2014 $0 26620/1175 CERT OF TITLE FEDERAL NATIONAL MRTG ASSN APR -2013 $6,600 2591510908 CERT OF TITLE PRESERVE AT BOYNTON BEACH MAINTENANCE MAR -2012 $10 25054 /0095 QUIT CLAIM SHAW SONYA MAR -2008 $239,990 22582/1089 WARRANTY DEED SHAW BRAD E & No Exemption Information Available. Number of Units I 'Total Square Feet T 557 Acres Use Code 0400 -CONDOMINIUM Zoning is�Year 201 S 2014 2013 improvement Value $98,000 $82,000 $68,000 Land Value so $o so Total Market Value 598,000 582,000 $68,000.11 All values are as of January I st each year -rox Year 2015 2014 2013 Assesnd Value $98,000 $82,000 $69,0013 Exernmon Amount $o $0 $0 3 Value $98,000 $82,000 568,000 2014 2013 Ad Valorem $2,199 $1.856 $1,544 Non Ad valorem $197 $200 $188 $2,396 $2,056 $1,732 Prqmred By and Retum To: Stephanie Cralne on behalf of eXL Legal PLLC Consumer Title & Escrow Services, Inc. 4585 140th Avanue N., Ste 1006 Clearwater, FL 33762 kla2k-,�bl 14-M-3 k'r1'4 , U.J..'adautpe OR BK 27878 PG 334 .M2.* FIN VE Palm Beach County, Florida AMT 114,000.00 DEED DOC 798.00 Sharon R. Bock CLERK & COMPTROLLER Pgs 0334-0335; (2Pgs) SPECIAL WARRANTY DEF -D ARRANW DEED made this day of by I deral Nat onal Wrtgage Association organized and existing, u der kte rla5ws Of Wmerica, and having its principal place of business at P.O. Box 65OD43, Dallias, '43, e p -after called the grantor and desm E-fren Vergare. a single man whose post s is all I�Pf 88th Ave, Sunrise, FL 33351, hereinafter called the grantee: n the terms Ngrantoe' and "grantee" include all the parties to this t� legal representative and assigns of individuals, and the successors 4 42b) Mt for and in consideration of the sum of $ 10.00 and other valuable Is hereby acknowledged, hereby grants, bargains, sells, aliens, a 1&firms unto the grantee, all the certain land situated in Palm Beach County, Florida, viz�: 1111 71 r—jWZ*1TT "t, of Condominium thereof, as reco�'-Mro-).,,In Official Records Book 22185, Page 383, of the Public I , 4-1-r' ';�f Records of Palm Beach County, K',,"o as amended and/or supplemented, from time to time; elements appurtenant thereto. TOGETHER with all the tenements- ��-01-,%ments and appurtenances tharato belonging or In any wise appertaining. Ql/A TO HAVE AND TO HOLD the some in fee simple forever. 0 AND the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land In fee simple; that the grantor has good right and lawful authority to sell and convey said land; and hereby warrants the trde to said land and will defend the same against the lawful claims of all persons claiming by, through or under the said g ranton By virtue of the Power of Attomay recorded in this oounty In Ow 0 OR Book2aLl-Lb, PagelE!n1kr�d" for recording of this Deed Fie Number 14-0683 Spon W Warras tr Deed (Corporation) %-r i'i' r» BOOK 27878 PAGE 335 20F2 NESS WHEREOF, the grantor has caused"se presents ,.wex»,e:» its name, and its z:. « to be` ed, by its proper c6ceauthorized, the +. and year first d deliveredhour presence. M ,& m_w Spedid m_¥ Dead A _m Official Recaj ds Book 2663 2 Page 567 Sale Date F201 Legal Description PRESERVE AT BOYNTON BEACH 12 CONDO UNIT 1207 i Owners ,CECIONI ALEJANDRO J 1549 NE 123RD ST !CECIONI MARCO A MIAMI FL 33161 6029 Sales Date Price OR Book/Page SaleType Owner FEB -2014 $136,000 26632 / 0567 WARRANTY DEED CECIONI ALEJANDROJ & OCT -2013 $100,400 26425 /1236 WARRANTY DEED MIAMI PROPERTY TRUST LLC DEC -2007 $239,990 22442 /1905 WARRANTY DEED 050WSKY DAWN No Exemption Information Available, Number of Units 1 'Total Squate Feet 1601 Use Code 0400 - COYDOIA1111.11" Tax Year 2015 Improvement Vale $102,000 $851000 Land Value $o $o Total Market Value $102,000 $85,000 Tax Year sed value Exemption Amount Taxable Value Ad Valorem Novi Ad Valorem Total tax All values are as of January I at each year 2015 2014 $102,000 $0 $102.000 20115 $2,289 $197 $2,486 $85,000 so $85.000 $1,924 $200 $2,124 Acres Zonkng 2013 $70.000 so S70.000.: 2013 $70,000 $45,000.. $25,000 2013 $719 $188 $907 rm RIMMKU I < �113 IaIaIkimAt 4 Iffilt IF «r« 20X4WW ., as . . � . OR K 266 2 PC . :RECURM% \ 6341fil@3 Palm Sgaqh Gownty, Florida AJIT 136,M." ftmal N ! Uff ; 6cmdo bdalft #■ k ,31:£».m:9aa»m> .� , M*d ad ddivaw in OW pummum � llf %nowWgumm 2. ## KAW U&@` $ known tome » ,:!■4e = as . . k& � jTHE PR AT Boymm BmA Acconma To T�v DECLARA710N OF (::C)i CO F ED T 1751 NE 6INiftet Baynton Beach FL 33435 #1207 NAME: elands S@j&X&cIoDI Ram gh & Marco Alejandrot Gardewag 1111 F 11111111111 !�1'J!!!11!11J1i!!!iJIi A -MOVED Or. —GLENN fr-mm Homeqead Exemption a Location Address 1755 NE 6TH ST Monicipality BOYNTON REACH Parcel Control Number 06-43-45-15-29-000-1208 Subdivision PRESERVE AT BOYNTON MACH 12 CONDO Official Records Book 27846 Page 675 Sale Date OCT -2015 Legal Description PRESERVE AT BOYNTON REACH 12 CONDO UNIT 1209 OwneFs. Mailing address FEDERAL NATIONAL MORTGAGE 4002 W STATE ST STE 200 iASSOCIATION TAMPA FL 33609 1223 Sales to Price OR Book/Page Sale Type Owner OCT -2015 30 27846 /0675 CERT OF TITLE FEDERAL NATIONAL MORTGAGE ASSOCIATfON DEC -2007 $249,990 22384 / 1438 WARRANTY DEED BLACK DWAYNE Exemptiom Applicant/Owner Year Detall, ,BLACK DWAYNE 2016 Number of Units I *Total Square Feet 1557 Acres Use Code 0400- CONDOMINIUM Zonlng Tax Year 2015 2014 2013 improvement Value $98,000 $82,000 $68,000 Land Value $0 so so Total Market Value $98,000 $82,000 $68,000 All values are as of January I st each year Tax Year 2015 2014 2013 Assessed Value $69,572 $69,020 $68,000 Exemption Amount 544,572 $44,020 $43,000 Taxable Value 525,000 $25,000 525,000 Tax Year 2015 114 2013 Ad Valorem S708 S710 $704 Non Ad Valorem $197 $200 $188 Total tax $905 $910 $892 Gap/R.,N*2fMCFA,- Homeftad Exe PT-*;*rV A- raiser -dUn -C ey Location Address 1759 NE 6TH ST Municipality BOYNTON BEACH ParCel Control Number 08-43-45-15-29-000-1209 Subdivision PRESERVE AT BOYN BEACH 12 CONDO Official Records Rook 26396 Page 258 Sale Date OCT -2013 Legal Description PRESERVE AT BOYNTON REACH 12 CONDO UNrr 1209 Maiiing address Owners 2080 S OCEAN DR APT 712 kAMANECER 88 LLC HALLANDALE FL 33009 6681 Sales to Price OR Book/Page Sale Type Owner OCT -2013 $143,000 26396/0258 WARRANTY DEED AMANECER 88 LLC JUN -2013 $170,000 2617211471 WARRANTY DEED FLORIDA FORECLOSURE MGMT LLC DEC -2007 S239.990 22384/1411 WARRANTY DEED POAC ERICA No Exemption Information Available. Number of Units 1 'Total Square Feet 1601 Acres Use Code 0400 - CONDOMINIUM Zoning Tax Yvar 2015 2014 2013 Improvement Value $102,000 885.000 $70,000 Land Value $o so $o; Total Market Value $102,000 $85,000 $70,000 All values are as of January I st each year Tax Year 5 20,14 2013 Assessed Value $93,500 $85,000 $70,000 Exemption Amount so $o $45,000 Taxable Value 593,500 $85,000 $25,000" Tax Year 20; 5 2014 2013 Ad Valorem $2,162 $1,924 $719 Non Ad Valorem 5197 $200 $188 Total tax .. . . . . . . . . . $2,359 ........... 52,124 3907 EmwutkxAmLmwnw P90 0258 - 260; Opgo? Unk Ple6 12 art Mt! 1 Mystm Bweb 2, a CAndembdam. smidbg to Tk Dockralloo fircando4rion IL Rnk XMK Page X% *ad mH u*lMb mud sumdmmb thered, PUDBC nmrds orpohn ow. Mrld& IV WthMM WhercoX Pumor hu hmmlo sat vamA hmd mpd mW the doy mw Ym fbs Aam w�� 8%*A aded wd MIVRW In owpnunm 0 e%r% W19 :--1 roes') 90 De%rvp% I r%f 'a %&=am was Ncbww6W bahm = db 171M day of "AarF 2913 by HLMBEM GMZALEZ NOWAMbOr Of FLQMDA FORDCLUSURE MANAGEMENT = A MDUM LIMrrED LIABILM b bdWf of ft aaqwnrAmh Hddm U k pmNally bpmvlmpr pq bu I 0 IDP% evek') 9M My canwimim EXAMC am*kTbw- AT —1759 iNE 6fly,81fest Boynton Beach FL 33435 #1209 m LOCTOBER—, 21013 'THE PRESERVE: AT Boy�o H APPROVED BY'—GLENN A N9WI'M CFA Homesdead Exemption A go 111) p I I III 111 11 Location Address 1763 NE 6TH ST MUrildpWily BOYNTON BEACH Parcel Control Number 08-43-45-T 5-29-0001210 SubdiOsioyi PRESERVE AT BOY TON BEACH 12 CONDO Official Records Book 25950 Page 1079 Sale Date APR -2013 LegAl (Descflption PRESERVE AT BOY ON REACH 12 CONDO UNIT 1210 Owners Mailing address !LIU RUDELJOANNE 43 BEACON HILL RD �,!UDEL ALBERT W JR MORGANVILLE N 07751 4204 Sales Date Price OR Book/Page Sale Type Owner APR -2013 576,33.3 25950/1079 WARRANTY DEED RIUDEL ALBERT WJR JAN -2009 $211,000 23081 /1658 WARRANTY DEED THOMAS TEASHA & No Exemption Information Available. Number of Units I *Total Square Feet 1557 Acres Use Code 0400 - CONDOMINIUM Zoning 2015 013 2 Improvement Value 598,000 $82,000 568,000'�' Land Value so so so Total Market Value $98,000 $82.000 $68,000 All values are as of January I st each year Tax Y#ar 2015 2014 2013 Assessed Value $90.200 582,000 $68000 Exemption Amount $o $0 $43:000 Titicable Value $90.200 $82,000 $25,000 Twx Yeat 2015 _1014 2013 -Ad Valorem $2,082 ST,856 $704 Non Ad Valorem $197 $200 5188 Total tax $2,279 $2,056 $892 go 111) p I I III 111 11 I Yll 14 NO i0lt,l H M 111,10 0 INVIAM Imi W&nOU WherUff Wanwhashmntfic wtumator's hand and scsItbrdayandycarfim above Ygitam. S4mad,acslcdzmddr,fiYcmdjncwpnmm eal) mlx�e Suft Of Rod* CownyofPRIMEksch Th- f-qNqg hub ---t w -s admohadsW befece we UAZI of Mm* 2013 'Fcadm Thaaft vAw am Pnvjnzb kwwn of M haye pxudwed aMveels ficaw ab' [Notary wl EC-7mb§7rium 70mi: 1763 Rude[ r- 0 non V-1. Gary R. N" A't:& GrA Homestfwd Exemption F "IperV A Ise Location Address 1726 NE 6TH ST Municipality BOYNTON BEACH Parcel Control Number 08-3-45.15-26-000•-1304 Subdivision, PRESERVE AT BOYNTON BEACH 13 CONDOMINIUM Official Records Book 27907 Page 1613 Sa0e Date NO'S -2015 Legal Description, PRESERVE AT BOYNTON BEACH 13 CONDOMINIUM UNIT 1304 Mailing address Owners ALDRIDGE PITS LLP C/O 1615 5 CONGRESS AVE SIM 200 .HSBC BANK USA NA DELRAY BEACH FL 33445 63 26 Sales Date Price OR 0o Pae Sale Type Owner NOV-2015 $76,900 27907/1613 CERT OF TITLE HSBC BANK USA NA MAR -2008 $239,990 22626/1614 WARRANTY DEED WRIGHT STEPHEN G & 7. No Exemption Information Available. Number of ;.hits 1 llbtai Square Feet 1557 Acres Use Code 0400 - CONDOMINIUM zoning Tax Year 2015 2013 Improvement Value $110,000 $92,()00 $63,000 Land value $o $0 SO' Total Ma*eT VaJue 5110,000 592,000 $63,000 All values are as ofjanuary I st each year Tax Year 2015 2013 Assessed Value $71,874 $65,340 559,400 Exemption Amount $0 so so Taxable Value 577.874 $65,340 $59,400 Tax Year 2015 2014 2013 Ad Valorem $1,899 $1,682 $1,376 Non Ad Valorem $197 $200 To tax 52,096 $1,882 $1,564 IN THE CIRCUIT COURT OF THE MMEM RMICIALCIRCUIT IN AND FOR PALM BEACH COUNTY, FLORMA +NX USA, N.A. CASE NO. SQ2012CA019905XXXXMB AW RESIDENTIAL FORECIA%URE gm WrrNESS my hand Bnd the wal of this Coua on &c --.,!L— day of JJQ , 2015 Page I of I R, Nikolift CFA - HomesWad Exemption ro PeIry sw COURty Location Address 1722NE6TH ST y ~^ yb .00 Municipality BOYNTON BEACH Parcel Control Number 08-43-45-15-26-000-1305 Subdivision PRESERVEAT BOYNTON BEACH 13 CONDOMINIUM Official Records Book 22384 Page 1375 Sale Date DEC-207 Legal Description KESERVE AT BOYNTON REACH 13 CONDOMINIUM UNrT 1305 Mailing address Owners 1722 NE 6TH ST UNIT 1305 (MARQUES NEVILLE BOYNTON BEACH FL 33435 3508 Sales Date Price OR Book/Page Sale Type Owner DEC-2007 $239,990 22384/1375 WARRANTY DEED MARQUFS NWILLE Exemption Applicant/Owner Detail RQUES NEVILLE 2015 Number of Units 1 *Total Square Feet 1601 Acres Use Code 0400 - CONDOMINIUM Zoning Tax, Year 20' 5 2014 2013 ImPrOveMe"t Value $114,000 $95,000 $65,000 Land Value so $0 $o Total Market Value $114,000 $95,000 $65,000 All values are as ofJanuary 1st each year Tax Year 2015o, T "t 2013 Assessed Value $59,310 $58,839 $57,969 ExemOon Amount $34,310 $33,839 $32,969 Taxable Value $25,000 $25,000 $25,000 2013 Ad Valorem $631 $633 $628 Non Ad Vadcavm $197 $200 $189 Total tax $828 $833 $816 WOM 60!y h- h*cAl", 4,341 Homestmd Exemption Fa. A ,I,= pa,' a r ft-perty oil Location Address 1714 NE 6TH ST Municipality BOYNTON BEACH Parcel Control Number 08-43-45-15-26-000-1307 Subdivision PRESERVE AT BOYNTON BEACH 13 CONDOMINIUM Official Records Book 22384 Papt2 1280 SAq, Dam DEC -2007 LegM PRESERVE AT BOYNTON BEACH 13 CONDOMINIUM UNrr 1307 Owrwers ij 1� 7 714 NE 6TH ST I'PIERRE WICLER BOYNTON BEACH FL 33435 3 508 Sales Date Pr ke OR Book/Page Sale Type Owner . ... .. .. DEC -2007 $239,990 22384/1280 WARRANTY DEED PIERRE WICLER Examption Applicant/Owner Year Dataff ;PIERRE WICLER 2016 *Total Square Feet 1601 Use Code 0400 - CONDOMINIUM Zoning Tax Year 2014 201 Improvement Value $114,000 $95,000 565,000 Land Vatue $0 $0 $o Total Marl(et Value 5114,000 S95,000 S65.000 All values are as of January I st each year 2015 �-, I -� 11 2013 Assessed Vadue $59.310 $58,839 $57,959 Exemption Amount $34,310 $33,839 $32,969 Taxable Vah i e $25,000 $25,000 $25,000 210 S 201".3 Ad Valorem $631 S633 $628 Non Ad Valorem $197 5200 s18a;, Total tax $828 5933 $816., Galy A Nift is CFA Homestead ExempWn MI n 44m: Sow ff courty Location Address 1826 ME STH Sr UNIT 1405 Munlclipality BOYNTON BEACH Parcel Control Number 08-43-45-15-27-000-1405 Sub&ViSiDn PRESERVE AT BOY ON BEACH 14 CONDOMINIUM Official Records Book 26670 Page 1199 Sale Date FE&2014 Legal Description PRESERVE AT BOYNTON BEACH 14 CONDOMINIUM UNIT 1405 Mailing address Dwners 1549 ME 123RD ST krIUNANA GROUP LLC MIAMI FL 33161 6029 Price OR Book/Page Sale Type, S 200 S229,990 22883 /0193 WARRANTY DEED TRO AN SHONAE No Exemption Information Available. 'TotalSqaorta Feet 160T Acre Use Code 0400 - CONDOMINIUM - -- -------- - -- -- - a_ --- ----- - 7&"I''Year 20,15 2014 2013 nfa ern Value $102,000 S85,000 $57,000 so so so Land VaWe Tow Market Vwue $102.000 $85,000 $57,00 All values are as of January I st each year ti Tax Year 201S 2014 2013 Assessed Value $102,000 $85,000 $57.00 em 'on Arnount so so TaxaWe Value $102,000 $85,000 $57,000:�' 2014 20)3 j Ad Valorem S2,289 $T,924 $1.294,' Non Ad Valorem $197 $200 188 i Total tax 112,4 9 6 $2.124 $1,482': ". 11, 0 1 �14= f I Page i oi i (v Homestead Ewnpfion,= 14, Ift, operIV Appraiser Location Address 1826 NE 5TH ST UNIT 1405 Municipality BOYNTON BEACH ( Parcel Control Number 09-43-45-15-27-000-1405 Subdivision PRESERVE AT BOY BEACH 14 CONDOMINIUM T Official Records Book 26670 Page 1199 See Dote F 201 Legal Description PRESERVE AT BOYNTON BEACH 14 CONDOMINIUM UNIT 1405 Mailing address No Exemption Information Available. Owners *Toral Square Feet 1601 Acres Use Code 0400 lPfGNASA Zoning 1549 NE 123RD ST GROUP LLC �'ax Year MIAMI FL 33161 6029 Sales to Price OR BooVPage Sale Type Owner PES -2014 $135,000 26670/1199 WARRANTY DEED PIGNASA GROUP LLC SEP -2013 S106,900 26373/0354 WARRANTY DEED MIAMI PROPERTY TRUST LLC JAN -2013 $10 25868/1524 QUIT CLAIM PADI LLC AUG -2012 557,200 2$480 /0826 WARRANTY DEED DAVILA DIEGO J MAY -2012 $32,100 25200/0745 CERT OF TITLE HSBC RANK USA NA $102,000 585,000 $57,00() Tax Year 2015 No Exemption Information Available. *Toral Square Feet 1601 Acres Use Code 0400 CONDOMINIUM Zoning �'ax Year 2015 2014 2013, Imp rovem"Evitlue $102,000 $85.000 $57,0001 Land Value so so $0 7olal Market Value $102,000 $85.000 $57,000 All values are as of January 1 st each year Tax Year 2015 2014 2013 Assessed Value $102,000 585,0DO $57,000 Exemption Amount so $0 $0 Taxable Value $102,000 585,000 $57,00() Tax Year 2015 2014 2013 Ad Valmern, S2,299 $1,924 S1,294. Non Ad Valorem $197 $200 $188, Total tax $2,486 $2.124 $1,482 i ft"CJO We I •" k ftmd MmolftwMm Mmobeir. °C id To Book26670/Pagel 199 Page CFH 20140094435 OR IBK 26670 PG 1199 RECOMD 63/la/2014 :17• a t lei 4v • �,Pals Beach County, rLorids ART 1 DuG Stamp 69 k,CCORPTIMIM 1shisron . FURN Pow LI - 1291; opgob I1 i ft"CJO We I •" k ftmd MmolftwMm Mmobeir. °C id To Book26670/Pagel 199 Page Page I or'l Gbry R. N" CFA fiomestwd ExemptOn 22- 1 S!wt C Aty Location Address CONFIDENTIAL RECORD PER F5-1 19.07 Municipality BOYNTON BEACH Parcel Contra] Number 08-43-45-15-27-000-1408 SubdNislon CONFIDENTIAL RECORD PER FS -119.07 Oftlal Records Book 22040 Page 1384 Sale Dale JUL-2007 Legal Description CONFIDENTIAL RECORD PER FS -119.07 Owners esafflng address CONFIDENTIAL RECORD PER FS -1 19,07 Sales Date Price OR Book/Page Sale'rype Owner JUL-2007 $279,990 220! G 1 708 1 WARRANTY DEED Exemption AppNomVowner �PHIUAS ROLDRY 2016 Number of Units I *Total Square Feet 1561 Acres U6e Code 0400 -CONDOMINIUM - 2014 2013 Improvement Value $118,000 $98.000 $73,000 Land Value $o so $0. Total Market Value $118,000 $98,000 $73,000' All values are as of January I st each year Tax Year 2014 2013 Assessed value $98,784 $98,000 $66,105 Exem-prim Amount $50,000 $50,000 $41,105 Taxable Value $48,784 $48,000 $25,000 'Tax -v'ear 2015 2014 2013 Ad Valorem $1,282 $1,277 Non Ad Valorem $197 $200 Total tax $1,479 $1.477 $690.: $188' $878 10 10 http:/Avww.pbegov.com/Papa/Asps/ProMtyl)etaiMoPeAYD—0 �etail.aspx?pareet-84345152... 1/13/2016 0 Page I of I ...... . .. .. GalykArkialri mptk)n *CFA Homestead Exe 4pre r Pak,gehch Coift Location Address 1819 NE 5TH ST Municipality BOYNTON BEACH Parcel Control Number 08-43-45-15-30-000-1504 Subdivision PRESERVE AT BOYNTON REACH 15 CONDO Official Records Book 27557 Page 1112 Sale Date MAY -2015 Legal Description PRESERVE ATB ON BEACH 15 CONDO UNIT 1503 Mallino address Owners !-WARD THOMAS W 1819 NE STH ST BOYNTON BEACH Fl. 3343S 3505 I Price OR Book/Page Salerype Owner MAY -2015 $1211,750 27557/1112 WARRANTY DEED WARD THOMAS W APR -2013 $80,1000 26012 /G913 WARRANTY DEED SAHAGUIAN HAMPARTZOUM MAR -2008 $239,990 22582/1424 WARRANTY DEED .. .......... GODDEN LAUREN Exemption Applicant/Owner Year Detail )WARD THOMAS W 2016 Number of units I Total Square Feet 1601 Acres Use Code 0400 - CONDOMINIUM Zoning Tax Year 2014 2013 improvement Value $102.000 $85,000 $65.000 Land Value $0 so SO': To" Market Value $102,000 585,000 $65,000! All values are as of January I st each year a 201S 2013 Assessed Value S93,5D0 $85.000 565,000,: Exemption Amount so so $40,000 Taxable Value $93,500 . ......... $85,000 $25,0001:' ... Tax Year 2014 2013 Ad Valorem $2,162 $1,924 $581 Non Ad Valorem $197 $200 $188 TotW tax $2,359 32,124 $869 101111 Edit I I U6145HII W a, In R 8 I ml 0 ommm" mmtKiw4uhm &MA kxmfl6m Of mcmd and tBA4 W dW 7�mr.2015 "d ILMWRH�� BIEL li - ON isuckwuno" woo whmow]6W bdbM*m dAkIE day; by Hauwxwnzx MAL 1 kK_ My no ME OAK,, nyy 00-briga I ^f 0 N THE Presio... at Boynton Beach according to © declaration of Covenants and reshictions --coded in the public records of Palm Bea or lease of the residence located At —1819 NE &6 unit 1503 Name: —Thoma -111, Ward Dated this —7th— d,- X4-1--� 449»4 D04 rvft 0 a«9 Page I of I a ;47 A I &Exemptkin CAA Homestead comy Location Address 1835 NE STH ST Municipality BOY BEACH Parcel Conzrol Number 08-43-45-15-30-000-1 505 Subdivision PRESERVE AT BOYNTON BEACH 15 CONDO Official Rectads Book 26514 Page 1616 Sale Date DEC -2013 Legal Description PRESERVE AT BOYNTON REACH 15 CONDO UNIT 1505 Mailing address Owners 14523 SW MILLI KAN WAY STE 200 !FEDERAL NATIONAL MRTG ASSN BEAVERTON OR 97005 2352 7 Dam pflke OR SW'e' Owner DEC -2013 $O 26514/1616 CERT OF TITLE FEDERAL NATIONAL MRTG ASSN DEC -2001 $2391.9.9.0 .223.84../ 1491 WARRANTY DEED WEINSTEIN JASON No Exemption Information Available. Number of Units I *Total Square Feet 1601 Acres Use Code 0400 - CONDOMINIUM art, a,e2013 Improvement Value $102,000 $95,000 $65,000 Land Value $0 so $0, Total Market Value $102,000 $85,000 $65,000. All values are as of January 1 st each year T2x Year 2014 201 3 Assessed Value $93,500 585,000 $65,000 Exempdaff Amount $0 $o so, Taxable Value $93,500 $85,000 $65,000 nam 201" 2013 Ad Valorem $2,162 $1,924 $1,475 Non Ad Valorem $797 $200 $188 Total tax $2,359 $2,124 $1,663 PWntiff, VS. VP , Mm, -M The f011Owiflg PrUPOFtY in Palm BMh County, rn-lorida: .......... ......... ......... UP AWA: 1835 NE 5TH STREET, 415K BOYNTON)REACH, FL 33435. was sold tw. EK Mr L SULME RrOM OR 2RDS. WITNESS my hand and thu seal of the 2013. SHARON R. ROCK By: COLLEEN P RIEMER 13-M140 This Document Prepared BY: POPKIN & ROSALFA P.A. 1701 W. Hf Ilsbore Blvd, #400 Deerfield 8mch, FL 33442 M �� Homestead Exempt-Wmm Prop" AT, Location Address 1843 NE STH ST MunicipalitV BOY REACH Parcel Control Number 0843-45-15-30-000-1506 Subdlvlsion PRESERVE AT BOY ON BEACH 15 CONDO Official Records Book 26415 Page 31 Sale Date OCT -2013 Le el Ovwrlptmn PRESERVE AT BOYNTON BEACH 15 CONDO UNIT 1505 Owners Malling address PITTOCK RQrBBIN A 6785 NW 11 TH CT POMPANO BEACH FL 33063 3430 Sal*% ndv:! Price OR Book/Page Sale Type Owner OCT -2013 $80,000 26415 /43031 WARRANTY DEED PITTOCK ROBBIN A !]EC -2008. $231,000 23043 /0866 WARRANTY DEED GALLAGHER KRISTEN No Exemption Information Available. Number of Units I 'Total Square Feet 1557 Acres Lie Code 0400 -CONDOMINIUM Zoning 'T4s Year 2015 2014 ImprOvement Value $98,000 $82,000 $63,000; Land Value so $o so Total Market Value $98,000 $82.000 563,000.,, All values are as Of January 1st each year 2W 4 2013 $90,200 so $90,200 201S Z014 $2,082 $197 $2,279 S82,0oo $0 S82,000 1 NO $63,00014 $38,000 $25,000 $666 $188 $854" F-,l":I/wwwpbegoveom/papa/AspVh�DetailTrOPO*Detallaspx'?parcel--084345153... 1/1312016 , ->c " — �, propmd BY Aw Rokum To! mmy P. orcid CPR 20130471097 DWm6w TVc Servkl% Irc, OR Bm 264.15 PG 00331 IM" Pbro HiH Budoy" Sui(c 213 MMMIM M.29MIS 13-:MA7 WCH109MMofift 33414 POIN ftwh CONAY. FIoMda AUT 86,KM-SpM Momw e Nbye0% t Doe simp o. m V. T Sham L Pmk. cLux & C"VTRMjM �0> - pg offal; tips; Warranty Deed Evy—i-M-1=7 KdAm Comidjo *A"XIOM BUR POM, lAtm Wole, Fbildo oi of Morldo ffm Dm 'affividmW %ft*ny Dud - igo an Fa. Book26415/Page3l Page 1 ot I All values are as ofJanuary I st each year Tar[ rgg address Ownem, 2C 2014 2013 (�AA�ERT ERIC 5102,000 $71,500 5925 PELOQUIN E�;empllion Ammon $o $0 LAVAL QC H7 2X1 CANADA D2W Price on govk/p*p Safe lype Owner MAR -2015 5110,500 2738611617 WAftRANTY DEED FAURERT ERIC MAY -2014 $0 26773/1297 CERT OF TITLE FEDERAL NATIONAL MRTG ASSN JAN -2008 $239,990 22443 /0035 WARRANTY DEED LOPEZ HECTOR G TOW tax No Exemption Iriftmation Available. $1.663' -TOW Square Feet 1601 Use Code 0400 -CONDOMINIUM Zoning 20TS Impmeme"t vame $102,000 $85,000 $65,000 Land Vialue $0 $o $C) TOW MmUst Value $102,000 $85,000 $65,000" All values are as ofJanuary I st each year 2C 2014 2013 Assasec! 5102,000 $71,500 $65,000 E�;empllion Ammon $o $0 Sol 1 Taxabke Woe $702,000 $71,500 $65,000i Tax Year 2015 2014 2013 Advo m 52,284$1,721 $1,475 Mon Ad Valorem $797 S200 TOW tax $2,486 $1,921 $1.663' W�' qW, 99 SPECIAL WARIMMY DEED (CORPORATE) TbleSpec irrenty Dead Made the -n-2 dzY Of by Pannie Mae Alwa Naftnal Mortgage Assodedon, and having its place of business at P.O. Box W0043, Dal *1wd'jm'17929fi4l1643, hereina"r called the grantor, to ERIC FAUBERT, a single man wlwsc post o cc addms is; 1851 NE 5TH STREET, BOYNTON BEACIL FL 33435 hereinafter cal]W�- rantee, WITNESSETH: T , for wd in Consideration of ft sum Of $110,5DO.00 Dollars and 9#Kw valuable cons li� rem" whereof Is hereby acmaMedged, bY Mass PMSent& dM grant, bargain, sell, allen, rem ease, convey and COMM unto the grantee, all that certain lend situate Ir in PALM BEACH CFoun Beach 15. a Condominium, acowding to the Declaration of Qq "0"M "I"00 Ig'I IpUAU &W441f; �011111 I =10", A L 11111111 ITIIIIIIIII IIIIIIIIIIIIII 1 11111111111111111111111111 1111111l 1111111111 1 MIMI Iqipii , 111 1 11 - 1,111 - i, Ell I I I wil I', � �� \ � ��) � \ CRA BOARD MEETING OF: march 8, 2016 I Consent Agenda I I Old Business IX I New Bnsiness I I Legal I I Information Only SUBJECT: Consideration of Approval of PRH Boynton Beach, LLC's Performance Audit for Year Ending December 31, 2015 for the Casa Costa Project 3,358 thus exceeding the requirement of the Direct Incentive Funding Agreement (see attached Incentive Calculation Worksheet). FISCAL E%IPACT: This years'payment of the Pledged Project Increment Revenue due to «- .«2«#» is $539,578. This is the sixth year of a ten year agreement. UAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingsWarch 2016\Casa Costa Performance Audit.doc A411i BUTOM' BEACA, LL 315 South Biscayne Boulevard Miami, FL 33131 Vivian L. Brooks Exeiroutive Director 1 M t7mr I Ilk k MOMROF 11 . -1-1 1 - 710 North Federal Highway Moynton Beach, FL 33435 UUMMIM,fr=;It Re: Performance Audit for the year ending December 31, 2015 Y M7, Im TO T M -C-1 �,, - -- - �Uv MAR R ? Tir I L—C-0 =-, C, L=t, -r, , = rte "—,z I . Ij .1 . I the Direct Incentive Funding Agreement dated April 25, 2005, as amended (the "Agreemenf'). Pursuant to section 6.3 of the Agreement, the Pledged Pruject Increment Revenues shall be disbursed to PRH Boynton Beach, LLC by the latter of April 1, 2016 or 30 days after the Boynton Beach Connnunity Redevelopment Agency's acceptance of the Performance Audit. Regards, ; W Rick Fortenbury Vice President Enclosure Acknowledgement of Receiptote Performance Audit: By: .. . ....... _a..._....... ........ Vivian L. Brooks, Executive Director Date: Febnjary!��,'2016 I191I 1 IC1 11 1 O APPLYING AGREED-UPON PROCEDURES f uocogroup carlified Public Adeoullonla ausinew Advisers' To the Members PRH Boynton Beach. LLC Miami, Florida 33131 We have., performed the procedures enurnei-ated below, which %vere agreed to by the management of PRH Boynton Beach, LLC solely to assist you it, the submission of your performance audit to the Boynton Beach Community Redevelopment Agency ("CRA") pUl-SLIant to the Direct Incentive Funding Agreement dated April 25, 2005. This agreed upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is'noloiy the responsibility of those parties specified in the report. Consequently, we make no representation re-'yqrc!irig t . he sufficiency of the procedures described below either :oar the purpose for which this report has been requested or for any other purpose. We performed the following procedures in order to determine that you are offering 10% of tile retail space (1,930 squire. feet) of your property (total retail sqiiare foot 19,300), Casa Costa, formerly known as The Promenade, at 400 N. federal Highway, Boynton Beach, FL, at one-half (1/2) of theaverage rental rate of non -program space. As per correspondence dated February 9, '.'Oil provided to us froom [fie CRA, this rate, was determincd to be no higher than $12.50 per square foot based upon an analysis Of comparable retail rentals in October 2010 and you have confirmed that you have no requirement to update this analysis [or 1pumoses of the Direct Inceptive Funding 1. We vc4fiQd that Merin Hunter Codnian, Inc., License number B02019746 is a licensed real estate broker ire the State of Florida by verifying the license on w - m -florida icense,corn (see Exhibit A). 2. We reviewed the executed !ease for unit CU -12 with limIth Buddy, LLC for approximately 3,358 square feet at the initial base rent of $8.00 per square foot and daterrilined that this lease satisfies the CRA's affordable access rate requirement, Wealso reviewed the Tenant Gencial Ledger Detail Report and confirmed that the base charges were charged in accordance with the lease. 3. Wet received oviside ver' 3fication from Merin Hunter Codman, Inc. that confirrns: a. Merin Hunter Codman. Inc. is as Florida licensed real estate broker that has been retained as Elie exclusive broker fox Casa Costa effective Jarivafy 1, 2015 (see Exhibit B). b. A inininium of 10% of the total 19,300 commercial square footage has been rented at 'hc Cl A's affordable access rate. at the maxinium rate of $12.50 per square foot which is one-half of the average market rental rate. Based apor the above procedures r,.-iformcdand our findings. .tiecreby '.:Pd that Cc:;tu, known ns The Promenade, is offering retailq:acc fufa minirri-n-4 of 1,930 square f6o.-.tateal Elie rote of 512.50 per square root. We were not eng-aged to and did not conduct an examination, the objective of w;,.ich vould be the c,pression an opinion on the financial statements of PRH Doynzva Beach, LI -C. Accordingly, we do riot express such In opinion, I [ad %vo licrfori-ned additional procedures, other inatters might have come to our attention that would have been reported to you. c7l� 1 ' oac Ilisca R.A;jn, Florida February 18.20.16 123 NW Ht's Sneet,$..40! 213 Boca Ratot, ri... 33432 Td (SK 367-2160 Fa -1 (r61,' 36/-.2S-85 Boca Raton I Long Island ! Miami I New York City I N. Palm Beach wov'q f unc)'Copr' O15x20116 DBPR - MERIN HUNTER CODMAN INC, Real Estate Branch Office Exhibit A 11:04:24 AM 2/15/2016 Licensee Details Licensee Infon-nation Name: MERIN HUNTER CODMAN INC (Primary Name) Main Address: 1601 FORUM PLACE 200 WEST PALM BCH Florida 33401 County: PALM BEACH License Mailing'. LicenseLocation: 951 YAMATO ROAD SUITE 102 BOCA RATON FL 33431 County: PALM BEACH 77TTITT-IMPIT�-- r License Type: Real Estate Branch Office Rank: RE Branch Offic License Number: B02019746 Status'. CurrentActive Licensure D. 08/03/2007 Expires: 09/30/2016 LOTT-1 H imr # f--= Alternate Names View License Com 12_41 or Munroe Tallah assee FL 32399 : * SLreeEmafl:Qjurs ctCen r;CuStomer Contact Center, 850.487.1395L The State of Morlda Is an AA/EEO employer. Q212yright Florida. Privacy Statement Under Florida low, email addresses are public records. if you do not want your email address released In response to a publc-records request, do not send electronic mail to this entity. instead, contact the office by phone or by traditional mail. If you have any questions, pleme contact 850,487.1395. *Pursuant to Section 455.275(1), Florida Statutes, effective October 1, 2012, licensees licensed under Chapter 455, F.S. must pruvide the Department with an email address if they have one. The emails provided may be used foroftlal Communication with the licensee. However email addresses are public record. If you do not wish to supply a personal address, please provide the Department with an email address which can be made available to the public. Please see our Clsacker 455 page to determine If you are affected by this change. Mps:iMwwmyloridal[cerise.cornlUcameDeWl.esp?SID=&i&391FD655M4D5EE2AB36FEDEA116FA62 1/1 PRH Boynton Beach, January 4, 2016 Merin Hunter -Codman, Inc. 150.1 Forton Place, Suite 2.00 West Palm Beach, PL 33401 Our acebuntants, Fuoco Grpup, LLC, 123 NW 13 Street, Suite 213, Baca Raton, Florida are conducting an agreed upon procedures engagement for us regarding the Affordable Access - Commercial element of the Direct Incentive Agreement with the Boynton Beach Community Redevelopment Agency. Please furnish directly to thein the infcamation requested below regarding your marketing and leasing program of the commercial space at our property, The Promenade in Boynton Beach, Florida. Please confirm to them the following information: • You are the. exclusive contracted listing broker of the property effective 4anuary 1, 2015 through the date cif this letter. Please provide a copy of your current contract.-/ A41' %Ac d You are a Florifia licensed real estate broker and are not affiliated in any manner with PRII Boynton Beach, LLC. ✓ • Merin Hunter Codman, Inc,'s license number is C3 0 � (1 ti rl'%V6_. « You are, instructed to lease a minimum of 1,920 square feet of the commercial space at the rate of $12.50 per square foot which is one-half of the average market rental rate. In addition: Please provide a schedule of the pertinent information for all executed ]eases from January 1, 2015 to date — Date, tenant name., space number, term of lease, space square footage and the per square foot rate. If there are none, please indicate this in the space below. Please describe your marketing program of the property including how the Affordable Access Commercial Space is being publicized. Please include any print literature that you might have and provide- any web site information promoting the property. Please attach a separate page ifyauneed more space. Please email your response directly to Donna Seidcn berg at dseidenber&@fuoco.coM as soon as possible, but no later than. February 15, 2016. Very truly yours, Ns of September 30, 2015 - #pdated fbr Final Millage by City & County FY 2015. 2016 Value of the Project prior to Redevelopment - 2004 Value 19 fel IM I I DWI 4 Data as of 612611 (Aggregate Value of all properties Wthin Project Boundary) Pro $ 94,290,222 ject Increment Ilia Approved by CHI City Millage Rate* 09-2015 City TIF Contribution 95% of Project Increment X City Millage Approved by County Millage Rate* iCounty 09-2015 �FMMUT-- "I - TIF Revenue created by Project $ 1,135,954 Award Factor 47.5% Incentive Award to Developer $ 539,578 4Year6ofio A Total Remaining with CRA UINELEURE. Willage Rates are set annually by the City and County T:\DEVELOPMENnCasa Costa fka Promenade\DIFA\DIFA Compliance 2016 - Year 61Casa Costa TIF Calculations - Year 6 A Ir« � Consent Agenda I I Old Business IX I New Business I I Legal I I Information Only . AGENDA SUBJECT: Consideration of Purchase Agreement between the CRA and David Hargrove for Property Located at 146 NW 11th Avenue for use in the Model Block Project. SUMMARY: The Model Block project is a partnership between the City and the CRA to revitalize an entire block west of Seacrest along W. Martin Luther King, Jr. Blvd. and N.W. 11th Avenue per the Heart of Boynton Community Redevelopment Plan Update (See Attachment "A"). The scope of work includes building for -sale single-family homes, constructing streetscape, installing new utilities along N.W. 11th Avenue and extending N.W. 11th Avenue from Seacrest to N.W. 1" Street. At this time, two homes have been constructed and sold. Two more homes will be started soon. City and CRA staff have been working to acquire the necessary land required for the streetscape and utility easements. Some property owners are interested in selling their entire parcel of land rather than just the amount needed for the public improvements. The owner of 146 NW 11th Avenue, David Hargrove is a willing seller of his entire property (Attachment "B") which consists of three vacant rental structures in poor to fair condition with the size of the underlying property large enough to be divided into to two buildable lots. Upon acquisition of the property by the CRA, the structures will be demolished, the property subdivided to be utilized to build two new single-family homes in the within Model Block project. Mr. Hargrove had been approached by the City for acquisition of the entire parcel or the 20+ feet needed for the Model Block roadway improvements. The City had the property appraised and the fair market value was established at $184,200 (See Attachment "C"). CRA staff was able to successfully negotiate a purchase price of $200,000 which is roughly 9% above the appraisal. FISCAL IMPACT: $200,000 plus standard closing costs from FY 15116 Project Fund line item 02- 58200-406. CRA PLAN, PROGRAM OR PROJECT: Heart of Boynton Community Redevelopment Plan Update/Model Block RECOMMENDATIONS: Approve the Purchase Agreement between the CRA and David Hargrove for property locatedat - - in the amountof {110 1 ! plus fees . closing r T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglCRA Board\FY 2016 - 2016 Board MeetlngslMarch 2016Wargrove Purchase Model Block.docx ATTACHMENT 66AI HEART OF BOYNTON 2013 MASTER PLAN ATTACHMENT "B"t MODEL BLOCK- • 11SELLEIV). e in In consideration of the mutual covenants and agreements herein set forth, the Parties hereto agree as follows: LURCHASE AND SALEIPROPER SELLER agrees to sell and convey to CRA and CRA agrees to purchase and acquire from SELLER, on the terms and conditions hereinafter set forth, the Properties located in Palm Beach County, Florida (the "Properties) and more particularly described as follows: PCN # 08-43-45-21-19-000-0050 PARCEL : The East 50 feet of the West 127.5 feet of Lot 7 of LADU-IART'S SUBDIVISION of S % of the NE Y4 Section 21, Township 45 South, Range 43 East, according to the Plat thereof recorded in Plat Book 1, Page 35, of the Public Records of Palm Beach Coorida. PARCEL H, The Fast 75 feet of the West 202.5 feet of Lot 7 of LAINHART'S SUBDIVISION of S Y2 of the NE '/4 Section 2 1, Township 45 South, Range 43 East, according to the Plat thereof recorded in Plat Book 1, Page 35, of the.Public Records of Palm Beach County, Florida. VC11141 � - 0 r M1. 3. DEPOSIT% 3.1 BQMest Money Deposit. Within five (5) Business Days after the execuflon of the Purchase Agreement by both Purchaser and Seller CRA shall deliver to Lewis, Longman & Walks PA CEscrow Aeenf) a deDosit ft the awourrt of jr, fL:Ti�ui 3.2 Application/Disbursement of DogsiLt. The Deposit shall be applied and fisbursed as follows: The Deposit shall be delivered to SELLER at Closing and the CRA shall receive credit for such amount against the Purchase Price. If this Agreement is terminated during the Feasibility Period i shall have no Air-ther obligations or liability hereunder, except for those expressly provided herein to survive termination of this Agreement. Prior to the Closing, CRA shall have the rigbt to cause the Title Company to issu+ an updated Title Commitment CTitle Update") covering the Property. If any Title Update contains any conditions which did not appear in the Title Commitment, and such items render title unmarketable, CRA shall have the right to object to such new or different conditions in writing prior to Closing. All rights and objections of the Parties with respect to objections ?rising from the Title Update shall be the same as objections to items appearing in the Title Commitment, subject to the provisions of this Section, 11M. 7M inclicaung lie numner of acres comprising ttleproperty to the nearest 1/100th of an acre. If the Survey discloses encroachments on the Property or that improvements located thereon encroach on setback lines, eas6ments, lands of others or violate any restrictions, covenants of this Agreement, or applicable governmental regulations, the same shall constitute a title defect and shall be governed by the provisions of Section 7.1 concerning title objections. 7.3 5ELLLR De[ivgdes, SELLER shall deliver to CRA the following documents and instruments within ten (10) days of the Effective Date of this Agreement, except as specifically indicated-, 7.3.1 Copies of any reports or studies (including engineering, environmental, soil borinM, and other the physical condition or operation of the Property, if any. Copies of all licenses, variances, waivers, permits (including but not limited to all surface water management permits, wetland resource permits, consumptive use permits and environmental reso=e permits), authorizations, and approvals required by law or by any govemmental or private authority having jurisdiction over the Property, or any portion thereof (the "Governmental Approvals"), which are material to the use or operation of the Property, if any. 7.3.3 Prior to the Closing Date, SELLER shall execute and deliver to CRA any and all documents and instruments required by. CRA, in CRA's sole and absolute discretion, which: (i) effectuate the transfer to CRA of those Governmental Approvals, or portions thereof which are gplicable to the Property that CRA desires to have isimed ii it- a-Tilli-r-W) rm, F -IrMn TIMo. 049AQ" clays prior to the Closing Date, SELLER shall remedy, restore, and rectify any and all violations of the Governmental Approvals (including •olimited to any and all portions of the surface water management system, mitigation areas or other items which do not comply with the Governmental Approvals or applicable, rules), if any. SELLER warrants that there will not be, at the time of Closing, any unrecorded instruments affecting the title to the Property, including, but not limited to any conveyances, easements, licenses or leases. 9.5. Additional Documents. Such other documents as CRA or the Title Company may reasonably request that SELLER execute and deliver, and any other documents frequired by this Agreement or reasonably necessary in order to close this transaction and zffectuate the terms of this Agreement, 10.1. Prorations. Assessments, rents, interest, insurance and other expenses of the Property shall be prorated through the day before Closing. CRA shall have the option of taking over existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required by prorations to be made through the day prior to Closing. Advance rent and security deposits, if any, will be credited to CRA. Taxes shall be prorated based upon the current year's tax with due allowance made for maximum allowable discount. 10.2 Ad Valorem Taxes. CRA and SELLER shall complywith Section 196.2 Florida Statutes, with respect to the payment of prorated ad valorem taxes for the yearr of closi into escrow with the Palm Beach County Tax Collector's Office. In the event that, following Closing, the actual amount of assessed real property tax on the Property for the curnrent yeary higher than any estimate of such tax used for purposes of the Closing, the parties shall re -p p any amounts paid or credited based on such estimate as if paid in November. This shall survive Closing, 10.3. S12ecial Assessment Liens. Certified, confirmed and rated speci assessment liens imposed by public bodies as of Closing are to be paid by SELLER. Pendin- liens as of -Closing shall be assumed by CRA. If the improvement has been substantiaff, completed as of the Effective Date, any pending lien shall be considered certified, confirmed ot ratified and SELLER shall, at Closing, be charged an amount equal to the last estimate assessment for the improvement by the public body. Closing Costs and CRA Credit. CRA shall be responsible for al documentary stamps on the deed, recording the deed and half of all general closing expens (settlement fee, courier fees, overnight package, etc.). SELLER is responsible for their o legal fees. All other costs of closing shall be borne by CRA. At closing, SELLER shhall provi the CRA with a credit of Three -Mousand Two Hundred Fifty -One and 81/100 Doll 81) which shall be reflected on the closing statement, representing the costs incurred the City of Boynton Beach lien reduction process. 10.5 Closine Procedure. CRA shall fund the Purchase Price subject to credits, off -sets and prorations set forth herein. SELLER and CRA (as applicable) shall exec and deliver to Closing Agent the Closing Documents. The Closing Agent shall, at Closing: (i) ,ilisburse the sale proceeds to SELLER; (ii) deliver the Closing Documents and a "marked -up ' 0 Title Commitment to CRA, and promptly thereafter, record the Deed and other recordabl! Closing Documents in the appropriate public records. I 10.6 ExisOhm Mortgages and Other Liens. At Closing, SELLER shall obtai 6 or cause to be obtained, satisfaction or release of record of all mortgages, liens and judgmenj ?-pplicable to and encumbering the Property. M 11. REPRESEN _J'ATIONS, COVENANTS AND WARRANTIES, Seller's ReDresentations and Warranties. To induce CRA to enter into this Agreement, SELLER makes the following representations, all of which, to the best of its knowledge, in all material respects and except as otherwise provided in this Agreement (i) are now true, and shall be true as of the date of the Closing unless SELLER receives information to the contrary, and (iii) shall survive the Closing. In that event, CRA shall be provided immediate notice as to the change to the following representations: t7m *T4 a prior to the Closing, and SELLER shall indemnify, defend and hold CRA harmless from and against all expense and liabty in connection therewith (including, without limitation, court costs and reasonable attorney's fees). 2 I. 7 mgmmi ----------- any organization, person, individual or governmental agency which would affect (as to any threatened litigation, claim, action or proceeding, in a materially adverse fashion) the use, ifiot otherwise disclosed in this Agreement, I Ink AM�WWM' a 'k a 4 T - MM Mi Fox I 4 4IT40 --Ly yea -010 s 1 assets of the SELLER by reason of the terms of any contract, mortgage, lien, lease, agreement, indenture, instrument or judgment to which the SELLER is a party of which is or purports to be binding upon the SELLER or which affiects the SELLER; no action by any federal, state or municipal or other governmental department, commission, board, bureau or instrumentality is necessn-yLto make this A •ement a validinstrumentbind�,ont in heSELIEgin It MI its terms. 11.4 SELLER represents that SELLER will not between the date of this Agreement and the Closin& without CRA'S prior written consent, which consent shall not be unreasonably withheld or delayed, except in the ordinary course of business, create any encumbrances on the Property. For purposes of this provision the term "encumbrances" shall mean any liens, claims, options, or other encumbrances. encroachments riq)as-of-ww, ' leases- easenier6s, covenants, conditions or restrictions. Additionally, SELLER represents at SELLER will not, between the date of this Agreement, and the Closing take any action to terminate or materially, amend or alter any existing leases presently in existence, without the prior consent of CRA, which consent shall not be unreasonably withheld or delayed. 11.5 SELLER represents that there are no parties other than SELLER in possession of the Property or any portion of the Property as a lessee. 11.6 SELLER shall not list or offer the Property for sale or solicit or negotiate offers to purchase the Property while this Agreement is in effect. SELLER shall use its best effirts to maintain the Property in its present condition so as to ensure that it shall remain substantially in the same condition from the conclusion of the Feasibility Period to the Closing Date. 11.7 SELLER has no actual knowledge nor has SELLER received any notice of lvaxbmm%9� any organization, person, individual or governmental agency which would affect (as to any threatened litigation, claim, action or proceeding, in a materially adverse fashion) the use, occupancy or value of the If or any part thereof or which would otherwise relate to the Land. 11.8 SELLER represents that it has no actual knowledge nor has it received any notice that the Land has been, is presently or is contemplated to be utilized as a reservoir of hazardous material. As used herein, the term "Hazardous Material" shall mean any substance, water or material which has been determined by any state, federal or local government authority to be capable of posing a risk of injury to health, safety and property, including, but not limited to, all of those materials, wastes and substances designated as hazardous or toxic by the U.S. Environmental Protection Agency, the U.S. Department of Labor, the U.S. Department of Transportation, and/or any other state or local governmental agency now or hereafter authorized to regulate materials and substances in the 'environment (collectively "Governmental Authority(ics)")- 11.9 SELLER represents to CRA that the Land is not subject to any deed restrictions or declaration of restrictions running with the Land which would affect the use of the Land except those constituting Permitted Exceptions as defined above. 11. 10 Between the date of this Agreement and the date of closing, SELLER will not file any application for a change of the present zoning classification of the Land. 11.11 Authority, Ile execution and delivery of this Agreement by SELLER and the consummation An — J i SELLER'S capacity and all requisite action has been taken to make this Agreement valid and binding on SELLER in accordance with its terms, The person executing this Agreement on behalf of SELLER has been duly authorized to act on behalf of and to bind SELLERand this Agreement represents a valid and binding obligation of SELLER. 11.12 Title. SELLER is and will be on the Closing Date, the owner of valid, good, marketable and insurable fee simple title to the Property, free and clear of all liens, encumbrances and restrictions of any kind, except the Permitted Exceptions (and encumbrances of record whA will be discharged at Closing). 11.13 Additional Warranties and Representations of SELLER, As a material inducement to CRA entering into this Agreement, SELLER, to the best of SELLER'S information and belief, hereby represents and warrants the following: 11.13.1 There are no pending applications, permits, petitions, contracts, approvals, or other proceedings with any governmental or quasi-gental ; includA w"ori 'G,UGt, . 40TTIJIG'-f IM4 Ig Be Tse or operaCon or, orMVe to not gTanted or is not obligated to grant any interest in the Property to any of the foregoing entities. 11.13,2 There arene facts believed by SELLER to be material to the use, condition and operation of the Property in the manner that it has been used or operated, which it has not dis MwI the condition of the Property which will impair the use. or operation of the Property in any manner. 11. 13.3 To the best of SELLER'S knowledge, the Property and the use and operation thereof are in compliance with all applicable county and governmental laws, ordinances, regulations, licenses, permits and authorizations, including, without limitation, applicable zoning md environmental laws and regulations. 12. nEFAULT, 11 I I m ## Mit ' '��61101W WN III INIII through or under CRA, but not otherwise. CRA and SELLER acknowledge that if CRA defaults, SELLER will suffer damages in an amount which cannot be ascertained with reasonable certainty on the Effective Date and that the amount of the Deposit being held by Escrow Agent most closely approximates the amount necessary to compensate SELLER. CRA and SELLER agree that this is a bona fide liquidated damages provision and not a penalty or forfeiture provision. 12.2. Seller's Default. In the event that SELLER shall fail to fully and tiniely perform any of its oblizations or covenants IM EwtMAAM11"roal W 1-k "M I 5501 'M 1 1- • AI - '4 to SELLER, in which event CRA may terminate this Agreement and demand that the Deposit be returned, including all interest thereon if any, in accordance with Section 3 and neither Party shall have any finther rights hereunder, or (2) seek specific performance of this Agreement, without waiving any action for damages, III IN III I �- e to close, the cure period shaall o y be three (3) Business Days from the delivery of notice. Both parties agree that if an extension is requested, such extension shall not be unreasonably withheld. If the default has not been cured wifliin the aforesaid period, the non -defaulting Party may exercise the remedies described above. 12.4. Survival, The provisions of this Section 12 shall survive the termination tf this Agreement. 13, NOTICES. All notices required in this Agreement must be in writing and shall be considered delivered when received by certified mail, return receipt requested, or personal kelivery to the following addresses: If to Seller: David Hargrove 220 NW 4d' Avenue Deerfield Beach, FL 33441 rf to Buyer, Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway Boynton Beach, FL 33435 With a copy to: Kenneth W. Dodge Lewis, Longman & Walker, PA CRA Attorney 515 North Flagler Drive Suite 1500 West Palm Beach, FL 33401 WIN - - T- e provisions or section I 0=71T FfToffiaa Ntatutes, (as it may be amended from time to time), shall apply. 460 ' a* 460 'a* 460 'a* 460 'a* 460 'a* 460 ' a* A 460 k'A'.Fj k9 MiWit]WRIfl-M� IWO 1 0 4 1 arenot liable for a sales commission. SELLER shall indemnify, defend and hold harmless the CRA from and against any and all claims, losses, damages, costs or expenses (including, without limitation, attorney's &es) of any ldnd or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by SELLER on its behalf with any broker or finder in connection with this Agreement. The provisions of this Section shall survive Closing or termination of this Agreement. 18. MISCELLANEOUS. 18.1. General. This Agreement and any amendment hereto, maybe executed in any number of counterparts, each of which shall be deemed to be an original and all of which shall, together, constitute one and the same insh=ent. The section and paragraph headings herein contained are for the purposes of identification only and shall not be considered in construing this Agreement, Refermce to a Section shall be deemed to be a reference to the entire Section, unless otherwise specified. No modification or amendment of this Agreement shall be of any force or effect unless in writing executed by the Parties. Ibis Agreement sets forth the entire agreement between the Parties relating to the Property and all subject matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the Parties. This Agreement shall be interpreted in accordance with the laws of the State of Florida. The Parties hereby agree that jurisdiction of any litigation brought arising out of this Agreement shall be in the Fifteenth Judicial Circuit, in and for Palm Beach County, District Court for the Southern District of Florida. 18.2. CompmIAtion of Time. Any reference herein to time periods which are not measured in Business Days and which are less than six (6) days, shall exclude Saturdays, Sundays and legal holidays in the computation thereof. Any time period provided for in this Agreement which ends on a Saturday, Sunday or legal holiday shall extend to 5:00 p.m. on the next fall Business Day. Time is of the essence in the performance of all obligations under this Agreement. Time periods commencing with the Effective Date shall not include the Effective Date in the calculation thereof 18.3. Waiver. Neither the failure of a party to insist upon a strict performance of any of the terms, provisions, covenants, agreements and conditions hereof, nor the acceptance of any item by a party with knowledge of a breach of this Agreement by the other party in the Go erformance. of their res�-�ective obli��atlons hereunder, shall be deemed a waiver of anRrL--Js--ts or remedies that a party may have or a waiver of any subsequent breach or default in any of such terms, provisions, covenants, agreements or conditions. This paragraph shall survive termination of this Agreement and the Closing. 18.4. Construction of AgLeement. The Parties to this Agreement, through counsel, have participated freely in the negotiation and preparation hereof Neither this Ageement nor any aznend=nt hn�--Ao shall be more stdctl,, construed agains the Parties, the singular shall include the plural, and the plural shall include the singular, as the context may require. Provisions of this Agreement that expressly provide that they survive the Closing shall -n4t merge into the Deed. 18.7 Waiver of Jua Tri . As an inducement to CRA agreeing to enter into this Agreement CRA and SELLER hereby waive trial by jury in any action or proceeding brought by citY,er )Farty 7'ed'elAig connected with this Agreement. 18.8. Aggae W Fees and Costs. Should it be necessary to bring an action to 3L enforce any of the provisions of this Agreement, reasonable attorneys' fees and costs, including those at the appellate level, shall be awarded to the prevailing party. 18.9 Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and SELLER has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement, 18.10 Recordin . This Agreement may be recorded in the Public Records of Palm Beach County, Florida. 18.11 Survival. The covenants, warranties, representations, indemnities and undertakings of SELLER set forth in this Agreement, shall survive the Closing, the delivery and recording of the SELLER'S Property Deed and CRA's possession of the Property. 18.12 SELLER Attorneys' Fees and Costs. SELLER acknowledges and agrees that SELLER shall be responsible for its own attorneys' fees and all costs, if any, incurred by SELLER in connection with the transaction contemplated by this Agreement. 18.13 Agreement Deemed to be Drafted Jo . This Agreement shall be deemed to be drafted jointly and shall not be construed more or less favorably towards any of the Parties by virtue of the fact that one Party or its attorney drafted all or any is thereof Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose of this Agreement. 18.14 kdeRendent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, and each Party is advised to seek independent legal advice in connection with the matters represented herein. ff. ;!J� I'll�'11111111111 11111plippillill 1111111111111111111!�i 111151111111111 811f,"j-HYA IM I -Tq R 0 1 ra-roffivATNA111 11,4011WIN I I KI)XV-31-11O-1010 'N"Mcm Printed Name: Jerry Tayl Title: Oair IOM LNUVIMM IMAN, MIM 6% =0- II UT M7 - m 00625673-1 Z�Zc'e-pwlr— Printed Mine:-David4largrove Date: WITNESS: -------------- ,j 0-%- PrintedName: WSW= 10,11, Name: ATTACHMENT "A& 11114 11 ! 1 1 r aV: AI W, MW ) M 6 NORTHWEST 11 AVENUE BOYNTON BEACH, by Vance Real Estate Service 7481 Northwest Fourth Street Plantation, Florida 33317-2204 10 Boynton Beach, FL 33425-0310 February 1, 2016 Vance ReM Estate Se-i'vice- SE ME M. City of Boynton Beach, Florida [Loynton Beach, FL 33425-03 10 RE: Multi -family residential, 146 Northwest 11 Avenue, Boynton Beach, FL 33435 (Legal description included in report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of Full Compensation for the partial taking from the cited property by the City of Boynton Beach on February 1, 2016. Full Compensation is the difference in the market value of the property before and after the taking, including any damages. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to the City of Boynton Beach. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2016-2017). This report is for exclusive use of the client for an Action in Eminent Domain. Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or finiber needs, please contact the undersigned. As a result of our analyses of factors and forces influencing value in the area, we have developed the opinion, subject to definitions, certifications, and limiting conditions set forth in the attached report, that the subject is fully compensated on February 1, 2016 in the following amount: FaURT'. FEW 51144 111 a I I I# 1 110: 11101 1-1 ZI A 010141 P W., Wn. M " 135 ip';Y' iii]�: IiTi :1 F T15: i fifiii �� 1;11�' 1: 01 Jesse B. Vance, Jr.,-1TF'_V, S-'*�, ASA State -Certified General Real Estate Appraiser RZ-85 *W40 a/ llvef Claudia Vance, MAI MBA I' .11FVFJ ATIf �,r„�Mm� Title Pape Letter o Transmittal ii Table of Contents iii Photographs ofT-e-Subject Property Location Map 1 4 1-3-5 Mile Demographic Statistics 5 Sketch of Survey 7 Summary of Important Facts and Conclusions 8 DESCRIPTIONS. ANALYSES LUSIONS Preface to Valuation Identity of Client and Intended User 9 Intended Use 10 Identification of Real Estate Appraised 10 Ownership 10 Property Address and Legal Description 10 Real Estate Tax Analysis 11 Market Area Description 11 Zoning 16 Site Description 16 Improvement Description 17 Real Property Interest Appraised 19 Appraisal Purpose andDefinition of Market Value 19 Effective Dates of the Appraisal and Report 20 Scope of the Work 20 Summary of Infbrmation Considered 21 Property History 22 Highest and Best Use 22 L—and-Sale Comparison Chart 26 Land Valuation by Sales Comparison 27 PROPERTY VALUE BEFORE TEIE TAKING 31 Value of the Parts Taken 33 Remainder Value before Damages 36 Damages to the Remainder and Costs to Cure 37 REMAINDER VALUE AFTER DAMAGES & FULL COMPENSATION 38 Certification and Limiting Conditions 39 ADDENDA PwC Real Estate Investor Survey for support of the discount rate USPAP Standards Rule 2-2a Qualifications of the Appraisers �Iokg DkTol 1lei ofelo. Looking W @ Taking Line for Subject Looking S @ Taking Area Driveway Between Buildings Close-up for Subject Looking W along Take Looking S Between Buildings Driveway between Buildings Looking E *, Taking tens through Bufldings Looking SW (g SW 2 Buildings Looking SW @ SW Building Looking W @ Terminus of NW 11 Avenue IEMIKTAIM��[ I, �j I RIPS. I 1-3-5 MILE RADII M SUBJECT PROPERTY Model Block <: } D' 1f 12 ' I W. Martin Luther King, Jr. Blvd. & NW 11 Avenue Boynton i I Florida 33435 1 4 esn" emmm Model Block Development VANCE REAL ESTATE SERVICE 146 NW 11th Ave, Baynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 13,452 77,571 164,246 2010 Population 14,591 87,003 184,649 2015 Population 15,735 90,958 190,115 2020 Population 17,097 95,730 198,207 2000-2010 Annual Rate 0.82% 1.15% 1.18% 2010-2015 Annual Rate 1.45% 0.85% 0.56% 2015-2020 Annual Rate 1.67% 1.03% 0.84% 2015 Male Population 49.4% 47.9% 47.8% 2015 Female Population 50.6% 52.1% 52.2% 2015 Median Age 38.3 43.4 46.0 In the identified area, the current year population is 190,115. In 2010, the Census count In the area was 184,649. The rate of change since 2010 was 0.56% annually. The five-year projection for the population in the area is 198,207 representing a change of 0.84% annually from 2015 to 2020. Currently, the population is 47.8% male and 52.2% female. Median e The median age In this area is 38.3, compared to U.S. median age of 37.9. Race and Ethnicity 2015 White Alone 38.5% 62.6% 66.9% 2015 Black Alone 54.7% 29.0% 24.1% 2015 American Indian/Alaska Native Alone 0.5% 0.3% 0.5% 2015 Aslan Alone 1.1% 2.0% 2.2% 2015 Pacific Islander Alone 0.0% 0.0% 0.0% 2015 Other Race 2.7% 3.4% 3.7% 2015 Two or More Races 2.4% 2.7% 2.5% 2015 Hispanic Origin (Any Race) 12.3% 16.4% 17.3% Persons of Hispanic origin represent 17.3% of the papulation in the Identified area compared to 17.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 63.9 in the identified area, compared to 63.0 for the U.S. as a whole. Households 2000 Households 4,793 33,845 71,532 2010 Households 5,368 37,096 78,753 2015 Total Households 5,848 38,763 80,898 2020 Total Households 6,428 40,867 84,389 2000-2010 Annual Rate 1.14% 0.92% 0.97% 2010-2015 Annual Rate 1.64% 0.84% 0.51% 2015-2020 Annual Rate 1.91% 1.06% 0.85% 2015 Average Household Size 2.66 2.32 2.32 The household count In this area has changed from 78,753 in 2010 to 80,898 In the current year, a change of 0.51% annually. The five- year projection of households Is 84,389, a change of 0.85% annually from the current year total. Average household size is currently 2.32, compared to 2.32 in the year 2010. The number of families In the current year Is 47,188 in the specified area. Data Note. forecastsSource., U.S. Census Bureau, Census 2OiC Summary File L Esrl 2020. Esrl converted Census 2000 . inti5 2010 geography. esri* Model Block Development VANCE REAL ESTATE SERVICE 146 NW 11th Ave, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2015 Median Household Income $37,707 $43,606 $46,955 2020 Median Household Income $43,497 $51,312 $54,461 2015-2020 Annual Rate 2.90% 3.31% 3.01% Average Household Income 2015 Average Household Income $53,192 $61,781 $67,739 2020 Average Household Income $61,228 $70,246 $76,993 2015-2020 Annual Rate 2.85% 2.60% 2.59% Per Capita Income 2015 Per Capita Income $20,227 $26,424 $29,004 2020 Per Capita Income $23,476 $30,083 $32,973 2015-2020 Annual Rate 3.02% 2.63% 2.60% Households by Income Current median household income is $46,955 in the area, compared to $53,217 for all U.S. households. Medlan household income is projected to be $54,461 In five years, compared to $60,683 for all U.S. households Current average household income Is $67,739 in this area, compared to $74,699 for all U.S. households. Average household income Is projected to be $76,993 in five years, compared to $64,910 for all U.S, households Current per capita Income is $29,004 in the area, compared to the U.S. per capita income of $28,597. The per capita Income Is projected to be $32,973 In five years, compared to $32,501 for all U.S. households Housing 2000 Total Housing Units 5,336 40,333 85,132 2000 Owner Occupied Housing Units 3,163 24,931 54,060 2000 Renter Occupied Housing Units 1,630 8,914 17,472 2000 Vacant Housing Units 543 6,488 13,600 2010 Total Housing Units 6,534 46,910 98,116 2010 Owner Occupied Housing Units 3,020 24,597 55,501 2010 Renter Occupied Housing Units 2,348 12,499 23,252 2010 Vacant Housing Units 1,166 9,814 19,363 2015 Total Housing Units 7,149 48,988 101,350 2015 Owner Occupied Housing Units 2,954 23,584 53,235 2015 Renter Occupied Housing Units 2,894 15,179 27,663 2015 Vacant Housing Units 1,301 10,225 20,452 2020 Total Housing Units 7,629 50,911 105,018 2020 Owner Occupied Housing Units 3,183 24,424 54,934 2020 Renter Occupied Housing Units 3,245 16,443 29,454 2020 Vacant Housing Units 1,201 10,044 20,629 Currently, 52.5% of the 101,350 housing units in the area are owner occupied; 27.3%, renter occupied; and 20.2% are vacant. Currently, in the U.S., 55.7% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.6% are vacant. In 2010, there were 98,116 housing units In the area - 56.6% owner occupied, 23.7% renter occupied, and 19.7% vacant. The annual rate of change in housing units since 2010 Is 1.45%. Median home value in the area Is $173,774, compared to a median home value of $200,006 for the U.S. In five years, median value is projected to change by 3.59% annually to $207,262. Date dollars . Sourcel-U.S.-Gensus Bureau, Cemus 2010 Summary File 1. Esri forecasts for 2015 and 2020, Esri converted Census 2000 data Into 2010 geography. February 16, 2016 6 I PROPERTY APPRAISED: Model Block Development Parcel No. 16 Multi -family dwellings — four buildings 146 NW 11 Avenue Boynton Beach, FL 33435 OWNERSHIP: David Hargrove 220 NW 4 Avenue Deerfield Beach, FL 33441-1727 125 feet x 155 feet = 19,375 square feet IMPROVEMENTS: Four residential structures with the following sizes: 411 square feet, 924 square feet, 608 square feet and 864 square feet. Dates of construction were 1922 and 1935. Property data is from the Palm Beach County records. I ZRNA&W."I W W M-111 P 31:11 CURRENT USE. "R-2", Single and Two-family residential district To develop an opinion of full compensation for the partial taking. Full compensation is defined as the market value before the taking less the market value after the taking. 023=1 ;1 Four multifamily dwelling is HIGHEST AND BEST USE: As vacant: As many multi -family dwelling is as permitted by zoning standards; alternatively, two single family residences As improved: Existing four residential structures for an interim use of five years FULL COMPENSATION: Property Value Before the Taking: $184,200 Property Value After the Taking: - 95,400 Full Compensation for Parcel No. 16 (rounded) $ 88,800 February 1, 2016 Exposure 77me: 12 months prior to selling at the appraised valuc 8 oil ■14,410,91 Community Redevelopment Area (CRA) in the City of Boynton Beach covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. Within the CRA is the Heart of Boynton (HOB) containing 380 acres, focusing on upgrading the older, historic district of the city by revitalizing Martin Luther King Jr. Boulevard and surrounding neighborhoods. Model Block Development is one block in HOB with Martin Luther King, Jr. as the central corridor (south boundary), North Seacrest Boulevard on the east, Northwest I Street on the west, and Northwest 11 Avenue on the north. The name of the Model Block Development project is self-explanatory as to its aim, to set an example as to how an older neighborhood can be modernized and enhanced to attract residents to the area. The appraisal problem is to value the taking of 20 feet from the north border of the subject property by the City of Boynton Beach for the widening and beautifying of Northwest 11 Avenue. The appraisal problem continues with valuing damages caused by the taking, if any. Further, a utility easement is to be placed over the next 10 feet south of the new right-of-way line. Boynton Beach is seeking to acquire the land for this purpose. The appraisal assignment includes valuing the utility easement. ff A L, LN W U MEN 2-2(a)(i) State the identify of the client and any intended users, by name or tyIe; The client is the City of Boynton Beach. The intended user is the City of Voynton Beach. Use of this report by others is not intended by the appraiser. 22(a)(d) State the intended use of the appraisal; The intended use is for an Action in Eminent Domain. Any other use is not intended. 2-2(a)(W) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical and economic property characteristics relevant to the assignment; Owner: David Hargrove 220 NW 4 Avenue Deerfield each, FL 33441-1727 Property address: 146 Northwest I I Avenue Boynton Beach, FL 33425 F,egal Description: East 125 feet of the west 202.5 feet of Lot 7, LANEHART'S SUBDIVISION, Plat Book 1, page 35, Palm Beach County, FL 10 2-2(a)(M) Summarize information sufficient to identify the real estate involved in the appraisa4 including J and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control No.: 08-43-45-21-19-000-0050 hnprovement Assessment: $139,973 Land Assessment: 20,000 Total Assessment: $150X3 Ad Valorem Tax: $ 2,872 Non Ad Valorem Tax: $ 1)131 Total: $ 4,003 Properties are assessed in arrears by the county property appraiser. The tax bill is issued in November and a 4% discount is given to a tax payer if the amount is paid in November. The discount diminishes until March, when the tax is due and payable. In Florida, the taxable value for non -homesteaded properties can be increased to a maximum of 10% per year, from tax year 2009 going forward, based on a constitutional amendment voted on by the electorate of the state. There are some exceptions which relate to school taxing districts. However, the millage of the city can increase; thus, real estate taxes can continue to increase from year to year. 10 MTTRTmi I Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastem-centri Palm Beach County. Population of the city is about 72,000 residents; Ili area of the municipality is about 16 square miles situated between Delr Beach on the south and Lake Worth on the north. The town was named an early developer, Nathan Boynton, a former major in the Union Army the Civil War. The city was founded in 1898 and incorporated in 1920. M 2-2(a)(1fi) Summarize information sufficient to identify the real estate involved in the apprais4 including the physical and economic characteristics relevant to the assignment; (continued) Most of the original buildings were destroyed in the hurricane of 1926, though some remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. Within the CRA is the immediate subject market area known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the CRA, with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line about one I ile north of Boynton Beach Boulevard as the south boundary. Agriculture and farming had been important activities in past centuries Boynton Beach. Commerce came to the area when Henry Flagler extend the Florida East Coast Railway from West Palm Beach to Miami in 189 The railroad was the main mode of transportation to bring visitors manufactured products to the city as well as transporting produce grown in - vicinity out of the area to other cities in the southeastern United States. it Boynton Beach Boulevard is the principal east -west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. U S Highway I is the main north -south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Seacrest Boulevard is a main north -south artery through the City of Boynto' Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is a 0 east -west thoroughfare through the Heart of Boynton. The inmumnedial subject market area is easily accessible by main roads and Interstate 95. 12 R. LT_q n kil 5, 111, M �=Yj 11 i'll , 2-2(a)(fli) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical and economic characteristics relevant to the assignment; (continued) 1'roperty types in the Heart of Boynton are smaller commerci iff establishments along the main roads, light industrial close to the FEI 1kailroad, single family residential, small multi -family dwellings and a fel apartment buildings. As mentioned, some structures date back to the 1920" but most which are still usable were built in the 1950's. Municipal faciliti in the immediate subject market area include parks, two elementary schoo md a community center. Recent projects implemented in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes —joint venture with Habitat for Humanity Future projects are: • Revitalization of Martin Luther King, Jr. Boulevarl • Model Block Development • Redevelopment of the Public Works site • Mixed uses of residential and commercial • Expansion of light industrial near the FEC Railroaq Population Trends W I for 2015 in the one -mile radius is $37,707, for three miles it is $43,606, $46,1955 for the five mile circle. All are lower than the median househo income for US Households of $53,217. In the one mile circle, population 1 '6 seho Ition 15,735. In three miles, population increases to 90,958; at five miles, it 190,115. Howeverl about one-third of the three and five mile circles are ov 0, "0 the Atlantic Ocean. Annual growth rate is anticipated to be 0.84% to 1.67% the three circles during the next five years as the economy and job mark improves in South Florida. N 2-2(affifl) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical and economic characteristics relevant to the assignment; (continued) 52.5% of the housing units are owner occupied, with 27.3% rented. The percentage of renters is higher in this market because of concentration of multi -family housing in the vicinity. Median home value in the five mile area is $173,774 compared to median home value of $200,006 in the United States. The life cycle stage of the market area is stability, a period of equilibrii without marked gains or losses, after a period of decline. The purpose of Heart of Boynton Community Redevelopment Plan is to revitalize the narlk area with new housing options and business opportunities. During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi -family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. Many of the foreclosures have already occurred as can be noted by the transactions of properties in the subject market area. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolio. Most transactions are in cash. Sale prices for single family residences in th+ depending on building size and condition. Price range for multi -family dwellings are from about $43,000 to $108,000 per unit based on the same factors. Land unit prices are from about $3.38 to $5.60 per square foot. 14 2-2(a)(W) Summarize information sufficient to iden* the real estate involved in the appraisal, incluiflng the physical and economic characteristics relevant to the assignment; (continued) III* square toot commercial building at the southeast comer of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. Land Use: Medium Density Residential, maximum densitVA 9.58 dwelling units per acre I Zoning: "R-2", Single and Two-family Residential District with the purpose to implement the medium density residential future land use map classification of the comprehensive plan. The intent of the district is to stabilize and protect existing residential neighborhoods with density no greater thm 10 dwelling units per acre, and allow limited types of non-residential uses. Minimum lot area is 4,500 square feet per unit for a duplex; minimum lot frontage is 75 feet. Single family dwellings shall be constructed on lots that are no less thaii 6,000 square feet and follow the building and site regulations of the "R- I", Single Family District. Excerpt from the zoning code is in the Addenda. IN 2-2(a)(W) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical and economic characteristics relevant to the assignment; (continued) The appraised site is part of a lot from a plat recorded in 199.5 and hwiger than the subject block, coiit�ing 19,375 square feet. By current standards, it appears the land could be improved with a duplex or two single family residences. Four dwelling units on the site seem to be a legal non -conformity. Determination of use and non -conformities of the site are made by Boynton Beach City officials. Parking: Current p ar W_ -M P. M Residential Use Required Parking Spaces Single fan -lily 2.0 One bedroom apartment 1.5 Two or more bedrooms 2.0 Assuming the appraised property contains 'ed PrOty co ins• thr two-bedroom units and one 7 one-bedroo red m I total current requiparking is seven space j Existing parking is not mar;kd on the site; but Platting: The appraised land consists of part of a lot from an old plat. Site Description: The shape of the lot is rectangular. Approximate dimensions of the site are from the sketch of survey prepared by Bob Buggee, Inc. included in the beginning of the appraisal. 16 k-2(affifi) Summarize information sufficient to iden* the real estate involved in the appraisal, including the physical and economic characteristics relevant to the assignment,- (continued) North boundary on NW I I Avenue 125 feet East boundary on adjacent property: 155 feet South boundary on public alley 125 feet West boundary on adjacent land: 155 feet Utilities: All utilities are available to the site. Topography: Elevation of the land is not noted on the survey, but it appears to be at street grade. Easements: There are no known easements on the site. Access: The appraised site is accessible via NW I I Avenue. The same access will remain after the taking. Improvement Description: The appraised improvements consist of fo residential structures with the following sizes frol the tax roll; bedroom count is assumed. NE building: 411 sq. ft. one -bedroom Middle building: 924 sq. ft. two -bedrooms NW building: 608 sq. ft. two -bedrooms SW building: 864 sq. ft. two -bedrooms 0. . f I I Mrs =0_ N I 1 9, AIME-110HO11 i I1 1-I =(. 1 1] 2-2(affid) Summarize information sufficient to idendfy the real estate involved in the appra&4 incluifing the physical and economic characteristics relevant to the assignment; (continued) There were no Notices of Commencement for repairs or replacements made to the subject improvements. With the advanced age of the improvements and observation of the exterior condition of the buildings, they are reaching the end of their useful lives. =tl Oil= !'� Foundation: Reinforced concrete slab over concrete footings Exterior Walls: Concrete block with concrete columns and t beams; exterior finish is painted stucco i Floors: Smooth concrete covered with either carpet, wood or ceramic tile Interior Walls: Plaster or drywall Roof System: SW building has a gable roof covered with asphalt shingles. NE and Middle buildings have flat roofs covered with rolled composition material or built- up tar and gravel. NW building has a flat section covered with rolled composition material and a gable part covered with asphalt shingles. Windows: Aluminum awning and single hung HVAC: Wall mounted air conditioning units Plumbing: 4 kitchens, 7 bathrooms (assumed) Appliances: Assumed that each unit has an oven/ cooktop and refrigerator 18 Site Improvements: Asphalt paving, concrete entries Environmental Assessment: No audit available for review. MT 11161JITe 111 11' A person who owns all the property rights is said to have fee simple title. Afee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. 2-2(a)(v) State the Ope and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of full compensation for the partial taking of the subject property as of February 1, 2016. Full compensation is defined as the market value before the taking less the market value after the taking. n VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. Comment: Forming an opinion of market value is the purpose of many real property appraisal assignments, particularly when the client's intended use includes more than one intended user. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship, knowledge, and motivation of the parties (i.e., seller and buyer); 2. the terms of sale (e.g., cash, cash equivalent, or other terms); and 3. the conditions of sale (e.g., exposure in a competitive market for a reasonable time prior to sale). General USPAP Comments on Market Value Definitions 19 Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated; 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. 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. * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & Light Co. a Jennies 518 So.2d 895 (Fla. 1987)] 2 2(a)(vi) State the effective date of the appraisal and the date of the report; B) Report: February 1, 2016 2 2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem develop an opinion of of the property -r on r best use. The appraiserinspected the property r photographed it. A thorough investigation was made into the physic 11 characteristics of rr- could affect surveyed to determine - + - of the life cycle. 20 F. -NU I IIA -1 W.' I ON , 110 � , �■1 4111 1 Research was conducted to ascertain economic factors that might influen value. Data research consisted of collecting, confirming, and repo transactions of land sales and rentals. The process included searches j analyses, inspections and confirmations, and final reporting. The apprais examined several sources of sales data, including Co Star Group, Multjp Listing Service, Loopnet, Palm Beach County Property Appraiser records, [�,ublic records, and data from the appraiser's plant. the Sales Comparison Approach for Land Value. Land sales are compared to each other and to the site under appraisernent to arrive at an opinion of land value. Interim -use value for the four existing buildings is added to land value to arrive at the total Property Value before the Taking. Interim -use value of the im :Dmvements is developed by the Income Approach method of discounted cash flow analysis. 2-2(a)(vifi) Summa4ze the information analyzed, I methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be eiplained; The information analyzed and appraisal methods used are detailed in ea. section of the report. Further, the reasoning that supports the analys opinions, and conclusions is explained in each section. The Cost Approach not employed because of the age of the improvements; further, the exist' improvements seem to be a legal non -conforming use and could not 6 s h t e f duplicated under current zoning standards. Sales Comparison Approach the property as improved is not used for similar reasons. An extensive se for improved sales did not reveal any which have such an advanced age as subject. Exclusion of these approaches to value still produces a creditab - report. SR 1-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subjec) property current as of the effective date of the appraisal; and There are no known current agreements for sale, options or listing of the subject property as of the effective date of the appraisal. M, IEII 9 F r a 111I-1 M IN 43 1111 i 11 -1 } analyze all sales oft the subject property that occurred e tree () years prior to the effective date of the appraisal. acquiredNo sales activity of the subject property was recorded in the past three years. 'Me current owner it by quit claim i- 1 consideration p1l9 State /; the real estate , as / the date of value,and tfW use of the real estate orpersonalproperty reflected in the appraisal; The[- The use of the real estate existing on the date of valuation is four multi -family units including the personal property of all appliances, and it is this use which is reflected in the appraisal. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, , ! J / and , / / I opinion. Physically Possible as Vacant No soil or subsoil tests are available for review. However, the site was improved with residential units since 1922. The land is level and filled to street grade. Land size is 19,375 square feet and rectangular in shape which is optimum for efficient setbacks. All utilities are available to the site. It is accessible to pedestrians and vehicles via Northwest 11 Avenue. Physical constraint is the size of the site which governs the number of potential improvements which can be placed on it. 1 .. W IF I covenants. Land use designation is medium density residential, maximum density of 9.58 dwelling units per acre. Zoning r Single family and Two-family Residential District in the City of Boynton Beach. Maximum number of multi -family dwelling units per lot in "R-2" district is two. The appraised site is part of a lot from an old plat, with 125 feet of frontage. The plat was recorded prior to the current zoning code requiring a minimum lot area of 4,500 square feet per unit for a two-family dwelling (4,500 square feet x 2 = 9,,000 square feet for a duplex site), and minimum lot frontage of 75 feet. Under current standards,, it appears that the subject site could only be improved with one duplex. Referring to Nonconforming Regulations for the "R-2" district, for a dupl the parcel must contain at least two whole platted lots. 'Tor any parcel, lo or combination of lots, where the total firontage is equal or greater than 12 feet, and the total area is greater than 12,000 square feet, said property sh not be developed except in accordance with the minimum frontage and I area I required in the "R-2" zoning district." The appraised site consists of part of a lot, though large in size containi 19,375 square feet. Use determinations are made by officials of the City �I F-Loynton Beach. From the zoning code, it seems that the subject could b improved with one duplex or two single family houses. For single famil I use in "R-2", minimum lot size is 6,000 square feet. These uses would bI consistent with the land use designation. FinanciaUy Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for certain property type must be evident for it to be feasible. For it to competitive return when compared with alternate uses. The immediate subj market area has been improved with single family residences and small mult family dwellings for almost 100 years. Residences come to the end of the economic lives, improvements are razed and the sites are redeveloped wi t ,]e 1 modem structures. There are examples of this cycle throughout the subje market area, with some among the land sales cited for this appraisal. Two ne j redevelopment projects in the subject market area are Ocean Breeze West wi 21 homes and Eastview Park with market rate houses ranging from $255,00 to $300,000 constructed by D R Horton. W NOWIFT30i 1, MMIM I 31V The financially feasible use of the subject site is to improve it with as many multi -family dwelling units as permitted by zoning. There are many residents in the sub ect market area that cannot afford single family home ownership or choose not to do so. The land area appears to be of sufficient size to construct a duplex to meet current standards. Developable vacant sites are in short supply, and the demand is strong from both owner -users and investors. The most probably buyer of the land in question is a local developer who would construct a duplex to rent or perhaps reside in one of the units. Time to develop the lots is now with a shortage of new residential options in the subject market area. Alternatively, the subject parcel could be used for two, new single family residences which are also in short supply in the subject market area. 101TTIM17n. 1 In summary, the Highest and Best Use of the land appraised as vacant is duplex. Such uses would be physically possible, legally permissibl financially feasible and maximally productive. Instead, the land could improved with two single family residences. I Physically Possible Improved The improvement appraised consists of four multi -family dwelling units. The appraisers did not inspect the interior of the units. Dates of construction for the units were 1922 and 1935, and they are near the end of their useful life. If necessary or desired, demolition is physically possible for each or all of the buildings. Legally Permissible Improved mg leg k number of two dwelling units per lot in the "R-2" zoning district, app earing make the property a legal non -conforming use. There may also be other leg non -conformities. Legal non-confon-nities are common in the subject area because properties were improved prior to the current zonimg code be' enforceA ON 111114 11 *11 On the other hand, four dwelling units on 19,375 square feet of land equates density of 9 units per acre which is less than maximum density for zoning land use. Irnprovements on the property predate current codes and requai Boynton Beach city officials to determine legally permissible use. Financially Feasible Improved The owner of the appraised property did not provide any financial data about Rental rates are assumed to be at the market rate for a property of an age and condition as the subject. Repair and maintenance of the property in it is" condition is financially feasible for its estimated remaining life of the next five years. Major renovation of the structure would not be feasible because the remaining economic life of the improvement would be less than the time to recoup the return of the investment in the property. As discussed, if the I" improved with one duplex. :'1 II Productive Improved The maximally productive use of the property as improved is its current use four dwelling units, which use is physically possible, permissible as a leg non -conformity, assumed to be financially feasible and maximally productive] 2-2(a)(xi) Tlearly and Conspicuously: State aff artraordinary assumptions and hypothetical conMons; and state that their use might have affected the assignment resulk The appraisers requested (in writing) permission to enter on and physical inspect the subject building improvements. Since no permission was receiv the client instructed the appraisers, who agreed, to perform. the apprais without entering upon the private property, utilizing public information any other information readily obtainable from public documents and perso observation off-site. As a result, the appraisers have made the extraordin assumption that the subject improvements are in typical market condition Ihi moi liji lar 1rone,61j, a thi 1"Jwffn !9 11141,IWI III) I -RIA UFM 8A 14 NIMI Oti-Awral 14 1 UIR J E= Rk, VACANT LAND # 1 VacantLand Sale Price• Sale- ■ .SIF 81,040 i SW 1 Street$400 ,0001 1 J # Boynton IJ SE 2 Ave112 $35,000/# i •! Boynton Beach it i i+ Ave01' #i J J Boynton Beach —J� 07112/13 60'x 123' 419 SW 2 Ave $26,5001 7,840 Boynton: -_12/05/14 55'x142.55' 518 NW 11 Ave 1i J Boynton Beach—i i i a 313 NE 13 - Iil7013 Boynton Beach 11/23/15 50'x 140.26' 21 # J iii7,758 Boynton Beach 02109/15 i Unit Sublect Value Date19,375 Value • NW 11 Ave 02/01/16 ii Boynton Beach 901 raITA 01 wu I Of the several methods to develop an opinion ot land value, the one considered to be the mos] reliable is the Sales Comparison Approach. In this method, sales of of similar vacant parcels compared to the site concerned; then adjusted for differences to arrive at land value. For the opinion The steps of sales comparison in Land Valuation are. 1) Locate and collect infonnation of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with parties to the transactions, including details of financing and any special considerations or non -typical market features. 3) Select relevant units of comparison and develop a comparative analysis. 4) Compare and adjust the sales to the subject using the significant, market -derived units of comparison. 5) Reconcile all value indications fi-om the comparisons into a single value opinion by this approach. The appraised parcel contains 19,375 square feet according dimensions on the sketch of survey. Zoning is "R-2", Single and two-family residential district, in the City of Boynton Beach. If the site were vacant, most probable use is for one duplex or two single-family residences. A search was made to End recent sales of land in the central part of Boynton Beach. Of the sales studied, the seven included in the report are most representative of market activity to provide indications for market value for the land concerned. Two of the land sales are in the Community Redevelopment Area (CRA). Details of the transactions are on the sale sheets and chart. The unit of comparison relevant to this valuation is Sale Price per Square Foot. The range of unit prices is fi-om $1.93 to $5.60 per square foot of land. ELEMENTS OF CO SON Elements of comparison are the characteristics of transactions andproperties that cause variation in prices paid for real estate. The Appraisal of Real Estate continues by stating that there are basic elements of comparison that may be considered in sales comparison analysis for land valuation. The first group is termed transactional elements being. real property rights conveyed, financing terms, conditions of sale and market conditions. 27 Real Property Rights Conveyed rent, or below or above market rent. In the case of land, there could be a land lease on the site that would create a leased fee interest. 'fhe lease amount would require examination to see if the tenant (the leasehold interest) had a value greater than zero. If it were, then the submarket rental rate would give some of the property value to the tenant. The sales were the conveyances of fee simple interest; none had land leases. No numerical adjustment is warranted for this element of comparison. FInancing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. The reverse is also a possibility in which lower sale prices result from above market financing. If financing affected the price paid, a cash equivalency adjustment is warranted. Such an adjustment may be found by pairing sales of properties with market financing to those with nonmarket financing. If pairings of sales are not possible, calculating adjustments for atypical financing by discounted cash flows is an alternative. Cash equivalency adjustments are based on precise mathematical calculations, but appraisers must make sure that they reflect market perceptions. All of the land sales were in cash or cash equivalency, which is the most common form of payment for vacant land in the area. No adjustments are made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arms length transactions may be the result of atypical motivation, such as lack of exposure time to the market, the result of an eminent domain proceeding, or tax consideration. Adjustments for condition of sale are often difficult to quantify. The land sales cited in this report are arm's length transactions. (see comments on individual sale sheets). Motivations of the sellers and buyers of the cited transactions are normal enough so as not to warrant adjustments OW Alarket Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. Changes in market conditions are usually measured as a percentage of previous prices. #physical and economic characteristics of a property remain unchanged, analyzing two or more sales of the same property over a period of time will indicate the rate of price change. Sales and resales of the same properties provide the best indication of the change in market conditions over time. Land Sales 1 and 3 occurred in the second half of 2013; No. 4 closed at the end of 2014. Land Sales 5, 6 & 7 were all in 2015. Land Sale 2 has the earliest date of sale in 2012. In a relatively small geographical area, there are a limited number of sites available for sale; thus, the search for transactions similar enough to the subject spans several years. For this element of comparison, the sale unit prices are viewed as a group and show a positive trend. No adjustment is made for this element of comparison for the sales utilized. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, traffic count, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, et cetera. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. Locations of the appraised parcel and the land sales are in central Boynton Beach, where the peak of construction took place in the mid -twentieth century. Redevelopment is occurring because of the lack of vacant land, and the support of governmental and social agencies. The appraised land is in the "R-2" district, as is Land Sale 1. For No. 1, the parcel is of sufficient size to construct duplexes; nevertheless, the current owner chose to build single family residences. Land Sales 2 through 7 are in the "R -1A", Single Family district, with a current size standard of 7,500 square feet. The subject size of 19,375 square feet could most probably be improved with one duplex or two single-family residences. Considering the permitted uses and size standards in the two districts, zoning does not appear to have an effect on the unit price paid. Although there are some locational differences among the land sales and the subject, they are not significant enough to warrant adjustment for this element of comparison. M)" Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a ditterence in price to be paid by the market. A wide range of such items includes land size, shape, frontage, topography, view, access, functional utility, et cetera. The appraised site contains 19,375 square feet and is part of a larger lot from a plat recorded in 1925. If it were to be subdivided into lots in keeping with the other parcels on NW 11 Avenue, the lots would be in the size range of Land Sales 2, 3 and 4. No. 1 is the largest with 81,040 square feet comprised of 12 adjacent sites of 6,753 square feet each. All of the land sales and subject are basically rectangular in shape, with typical residential street views. The physical characteristics of the sales and subject are similar enough not to call for adjustments. OM For sites to be comparable, they should have similar uses. Most probably use of the appraised land is for a duplex. Land Sale I could be put to similar use multiple duplexes. Another possible use of the appraised land is to divide it into lots for single family residences as is the use for all of the sales. Use of the lots is governed by zoning which was already discussed in Location. No other adjustment is made for this element of comparison. MYRAMITI ML The unit prices for the land sales are from $1.93 to $5.60 per square foot. They provide an. overview of market activity for residentially zoned in the subject market area. The vicinity is poisf,-:? for revitalization with the involvement of the City of Boynton Beach, the Community Redevelopment Agency and other organizations. Considering the foregoing discussion, unit valuii for the land appraised is $5.00 per square foot, in the upper end of the land sales unit price range. 19,375 square feet x $5.00 per square foot = 30 ILI] 11 Ilk 1:14 ...... ` I 1•111; , + + developed +, + income Approach ++ discount , , +, +F section of the report. Dates of construction for the units were 1922 and 1935. The units are old; no notices of commencement were recorded in the public records indicating that main components of -, ,'ngr r oje +„ i , re- units is tive years until theydemolished , the land is redeveloped either with a duplex or two single-family residences. Net annual income for the four units is forecasted + applying market rent to the units,,' r,. r+ market vacancy' .r, market annual real estate expenses. From the public records, no mortgage is recorded on the property; thus, net annual income is the annual cash flow for it. Potential Gross Income for the appraised property is as follows. 0 BUILDING 412 RENTAL RATE/ TYPE MON Blvd s 213D/ 3. SF Boynton Beach 390S Blvd ..... Boynton Beach .. ,_NW 11 Ave X _ .... .. BeachBoynton Boynton B,eac 51ONW 11Ave Boynton Beach Boynton Beach i ■yy Boynton Ceach 512 NW 11 Aver : ;. Boynton Beach 5 18 NW 12 Ave Boynton Beach Boynton Beach y_ Potential Gross Income for the appraised property is as follows. 0 (Continued) NE Building: 411 sq.ft. @ $550/mos. x 12 mos./yr. = $ 6,600 Middle Building: 924 sq.ft. @ $1,000/mos. x 12 mos./yr. 12,000 NW Building: 608 sq.ft. @ $700/mos. x 12 mos./yr. = 8,400 SW Building: 864 sq.ft. @ $900/mos. x 12 mos./yr. = 10.800 Total $37,800 LESS: VACANCY AND CREDIT • - 8t EFFECTIVE GROSS INCOME $36,000 SS: EXPENSES Fixed Real Estate Taxes $3,703 Insurance 2,500 Variable Management (5%) 1,800 Repair & Maintenance 2,879 Utilities d 9 Total Expenses (rounded to) m-13 NET OPERATING INCOME (annual cash flow for five years) $23,000 The annual cash flow for the units of $23,000 is discounted for the five year remaining life to arrive at the present value (interim -use value) of the improvement. The discount rate is 10%, 2% higher than the land discount rate of 8%. The additional 2% accounts for projected annual inflation over the 5 -year discounting period. The 10% rate is also supported by the PwC Real Estate Investor Survey in the Addenda. The PW/1 per period factor for 5 years @ 10% interest is 3.7908. Interim use value of the improvements: $23,000 per year x 3.7908 = (rounded to) $87,200 The quantity of the comparable data is sufficient to have an overview of the market for the subject property as improved and as if vacant. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the property under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property Before the Taking, as of February 1, 2016 is the sum of land value of $97,000 and interim use value of the improvements of $87,200 for a total of. 1#10 no 19,11JOI 11!431111 I 1 � r r ri RN The City of Boynton Beach will widen and upgrade Northwest 11 Avenue. Through an Action in Eminent Domain, the City will take 20 feet from the north side of the appraised property and aY. y improvements in the 20 feet. Additionally, the City of Boynton Beach is seeking to obtain an casement for utty purposes over the next 10 feet south of the new right-of-way line. fee simple interest in the northern most twenty feet of the subject site containing 2,500 square feet, * building improvement in the twenty feet and * easement over the next ten feet south for utility purposes. The remainder of the property is impacted by the taking because part of the buildings will be removed and will be uninhabitable. MIM MIN I LOW) Wh 1 1, 6 A W."10 02 IKI 'M DO Land value for the twenty feet in the taking is $5.00 per square foot, the same as the land value before the taking. Land value for the part taken is: 125 feet x 20 feet = 2,500 square feet Land Taken: 2,500 feet x $5.00 per square foot = $12,500.00 A portion of the northeast, middle and northwest units are in the part taken. The opinion of interim -use value of all four buildings before the taking was developed by discounted cash flow method of the Income Approach to Value. The same method is used for the three (3) buildings in the taking. Iz-slinaft O-iii�IFli 1150MIS-10TWORMOU, NE Building: 411 sq.R. @ $550/ os. x 12 mos./yr. = $6,600 Middle Building: 924 sq.ft. @ $1,000/mos. x 12 mos./yr. = 12,000 NW Building: 608 sq.ft. @ $700/mos. x 12 mos./yr. = 8,400 Total $27,000 LESS: VACANCY AND EXPENSES ($1,350 A- $9,725) 11 1 a Do Kin i II� im-amospiweig i Dwramm. l�� I �1!1111!1� 11 1!11111 '', I 111�1111 IfI Ig III I, ��i IfTealieffl. MEN Up M, M VALUE OF THE PARTS TAKEN (continued) The annual cash flow for the three units of $14,300 is discounted for the five year remaining life to arrive at the present value (interim -use value) of the improvement. The discount rate is 10%, 2% higher than the land discount rate of 8%. The additional 2% accounts for projected annual inflation over the 5 -year discounting period. The 10% rate is also supported by the PwC Real Estate Investor Survey in the Addenda. The PW/1 per period factor for 5 years@ 10% interest is 3.7908. Interim use value of the three units: $15,925 per year x 3.7908 = (rounded to) $60,369/ 1,943 square feet in the three units = $31.07/ square foot value NE Building: 3.5'x 15'= 53 sq. ft. taken x $31.07/ sq. ft. = $1,647 Middle Building: 3.0'x 26'= 78 sq. ft. taken x $31.07/ sq. ft. $2,423 NW Building: 2.0'x 19'= 38 sq. ft. taken x $31.07/ sq. ft. = LI—81 Total: $5,251 2�� 1 myl BETA 151 1 i $60,369 An easement is an interest in real property that conveys use, but not ownership, for a portion of an owner's property. City of Boynton Beach wants to acquire an easement over 10 feet south of the new right-of-way line for utility purposes. No permanent building structures can be in the easement. The subject property owner may continue to use the area in the easements for size calculations for uses permitted by zoning, ingress and egress to the property, site improvements, et cetera. Acquiring a right to the property by others and restricting uses of it cause diminution in value. Following are two paired sales demonstrating a loss in value because of an easement m them. Documentation of the sales is in the Data Book. 19 T WIWI Sales "A" and "B" are located across the street from each other on Sunrise Boulevard in Broward County at the southeast and southwest comers of Sawgrass Corporate Parkway in the city of Sunrise. The parcels are similar in date of sale, zoning and size. Sale "A" is unencumbered by an FPL easement used for overhead transmission lines. Sale "B" is encumbered by an FPL easement over the eastern 25% of the site. Pairing these two land sales shows the encumbered portion of the Sale "B" has a unit price 67% lower than unencumbered part of the site. M VALUE OF THE PARTS TAKEN (continued) rVITZrIVIT W Sales "A" and "B" are located in southwest Broward County. Sale "A" fronts University Drive in Miramar. Sale "B" is just west of University Drive in Davie, fronting Stirling Road. The parcels are similar in date of sale and zoning. "N' is smaller than "B", but both mid-sized parcels for commercial development. Sale "A7' is unencumbered by an FPL easement used for overhead transmission lines. Sale "B" is encumbered by an FPL easement over the eastern 28% of the site. Pairing the sales shows the encumbered portion of Sale "B" has a unit price 36% lower than the unencumbered part of the site. These two pairing are illustrative of the loss in value by the existence of easements on properties. They are similar to numerous others noted over the years. The land encumbered by easements in the two pairs could still be used for parking, setbacks, access, et cetera. The portion of the subject property to be encumbered by the utility easement will have similar functional utility as the examples. Their losses in value due to the easements were 36% and 67%. Based on the data presented in this report and other paired sales, value loss to the 10 feet of the subject property is in the mid-range at 50%. 1,250 square feet x $5.00 per square foot x 50% = $3,3125.00 Land Taken: 2,500 sq.ft. x $5.00/sq.ft. = $12,500 NE Building: 3.5'x 15'= 53 sq. ft. x $31.07/ sq. ft. = 1,647 Middle Building: 3.0'x 26'= 78 sq. ft. x $31.07/ sq. ft.:=- 2,423 NW Building: 2.0'x 19'= 38 sq. ft. x $31.07/ sq. ft. = 1,181 Utility Easement: 1,250 sq.ft. x $5.00/sq.ft. x 50% = 3,125 Total Value of the Parts Taken $20,876 IR ■� il41mmiwow Hm, A) Land Value: 19,375 sq.ft. x $5.00/sq.ft. = $ 97,000 B) "Interim -Use Value" of Four (4) Buildings for 5 Years, Discounted at 10% Annually: Annual Income NE Building: 411 sq.ft. @ $550/mos. x 12 mos./yr. _ $ 6,600 Middle Building: 924 sq.ft. @ $1,000/mos. x 12 mos./yr. = 12,000 NW Building: 608 sq.ft. @ $700/mos. x 12 mos./yr. = 8,400 SW Building: 864 sq.ft. @ $900/mos. x 12 mos./yr. = 10,800 Total Annual Interim -Use Gross Income for 5 Years $37,800 Less, Vacancy & Expenses: ($1,900+ $12,900) 14,800 Annual Net Income $23,000 PV $23,000/yr. net for 5 years @ 10% Discount = (3.7908 x $23,000) = 87,200 Total, Property Value Before the Taking $184,200 Land Taken: 2,500 sq.ft. x $5.00/sq.ft. -- $ 12,500 NE Building: 3.5'x 15' = 53 sq. ft. x $31.071 sq. ft. mm. 1,647 Middle Building: 3.0' x 26' = 78 sq. ft. x $31.07/ sq. ft. = 2,423 NW Building: 2.0' x 19' = 38 sq. ft. x $31.07/ sq. ft. = 1,181 Utility Easement: 1,250 sq.ft. x $5.00/sq.ft. x 50% Total Value of the Parts Taken 20.876 REMAINDER VALUE Before Damages (rounded) $163,324 36 � l � Middle Building: 924 sq. ft. 78 sq. ft.= 846 sq. ft. x $31.07/ sq. ft. = $26,285 NW Building: 608 sq. ft. — 38 sq. ft. = 570 sq. ft. x $31.071 sq. ft. = $17,710 Cost of demolition is from The BG Group, LLC, Boca Raton, FL, a firm the City of Boynton Beach uses for razing structures. Unit price of demolition of concrete block structures is $3.30 per square foot. Unit price about doubles if removal of building materials containing asbestos is involved. The assumption is made that asbestos is present in the appraised structures. Hence, unit price to demolish the three units is $6.60 per square foot. Cost of demolition is: 1,943 square feet of building x $6.60 per square foot = $12,800. There is no damage to the southwest building or to the remainder of the site. Loss of Front 3 Buildings & 5 -year Annual Incomes: NE Building: 411 sq. ft— 53 sq. ft.= 358 sq. ft. x $31.071 sq. ft. — $11,123 Middle Building: 924 sq. ft. 78 sq. ft.= 846 sq. ft. x $31.071 sq. ft. = 26,285 NW Building: 608 sq. ft. — 38 sq. ft. = 570 sq. ft. x $31.071 sq. ft. = 17,710 Demolish 1,943 sq.ft. (3 buildings) x $6.60/sq.ft. = 2, Total Damages to the Remainder $67,924 37 146 NW 11 Avenue (4 Buildings) Boynton Beach, Florida A) Land Value: 19,375 sq.ft. x $5.00/sq.ft. = $ 97,000 B) "Interim -Use Value" of Four (4) Buildings for 5 Years, Discounted 1,647 at 10% Annually: Annual Income NE Building: 411 sq.ft. @ $550/mos. x 12 mos./yr. _ $ 6,600 Middle Building: 924 sq.ft. @ $1,000/mos. x 12 mos./yr. = 12,000 NW Building: 608 sq.ft. @ $700/mos. x 12 mosJyr. = 8,400 5W Building: 864 sq.ft. @ $900/mos. x 12 mos./yr. = 10.800 Total Annual Interim -Use Gross Income for 5 Years $37,800 Less, Vacancy & Expenses: ($1,900+ $12,900) 14.800 Annual Net Income $23,000 PV $23,000/yr. net for 5 years @ 10% Discount = (3.7908 x $23,000) = 87.200 Total, Property Value Before the Taking $184,200 Land Taken: 2,500 sq.ft. x $5.00/sq.ft. = $ 12,500 NE Building: 3.5'x 15' = 53 sq. ft. x $31.07/ sq. ft. ° 1,647 Middle Building: 3.0' x 26' = 78 sq. ft. x $31.07/ sq. ft. = 2,423 NW Building: 2.0' x 19' = 38 sq. ft. x $31.07/ sq. It. = 1,181 Utility Easement: 1,250 sq.ft. x $5.00/sq.ft. x 50% = 3.125 Total Value of the Parts Taken 20,876 REMAINDER VALUE fore Damages (rounded) $163,324 DAMAGES TO THE REMAINDER Loss of Front 3 Buildings & 5 -year Annual Incomes: NE Building: 411 sq. ft — 53 sq. ft.= 358 sq. ft. x $31.07/ sq. ft. $11,123 Middle Building: 924 sq. ft. 78 sq. ft= 846 sq. ft. x $31.07/ sq. ft. = 26,285 NW Building: 608 sq. ft. — 38 sq. ft. = 570 sq. ft. x $31.07/ sq. ft. 17,710 Demolish 1,943 sq.ft. (3 buildings) x $6.60/sq.ft. = 12.806 Total Damages to the Remainder 67 924 REMAINDER VALUE ter the Taking and Damages (rounded) $ 95,400 FULL COMPENSATION Property Value Before the Taking $184,200 Less, Property Value After the Taking - 95®400 Full Compensation for Parcel No.- (rounded)w, THOUSAND HUNDRED 38 I certify that, to the best of my knowledge and belief, the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan - My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. This report is an update from the previous report of May 26, 2015. 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 the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475, Part II F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on September 8, 2015, etc.. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. Jesse B. Vance, Jr., MAI, SRA, ASA Florida Statertified General Real Estate Appraiser No. RZa Fe 1,2016 Claudia Vance, MAI Florida State -Certified Gena -al Real Estate Appraiser No. RZ- 173 Me The statements and conclusions contained in this report, subject to the limiting conditions hereafter cited, are correct to the best of the writers' knowledge. 1. The undersigned have personally visited the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included, the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters, nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple. 4. Legal descriptions and property dimensions have been funished by others; no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication, duplication, or advertising using the writers' names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. There are no building improvements to value; the site is vacant. 9. The value or values estimated apply ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present, past or contemplated interest in the subject of this report. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. 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 the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. The existence of potentially hazardous material used in the construction or maintenance of buildings, such as the presence of urea formaldehyde foam insulation, and/or existence of toxic waste, which may or may not be present on the property, has not been considered. Additionally, soil or sub -soil contamination may exist from current or prior users, or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey, Endangered Species Survey, or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use, and possibly, value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B. Vance, Jr. and Claudia Vance were responsible for the analyses, conclusions, and opinions of real estate set forth in this report. (No one else provided significant professional assistance to the report signers). 16. The Americans with Disabilities Act (ADA) became effective January 26, 1992. We 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 would reveal that the property is not in compliance with one or more of the requirements of the act, which could reduce property value. 17. Prospective value estimates are based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events that might alter market conditions upon which market value has been estimated. 18. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 19. The appraiser reserves the right to amend or change this report at any time additional market information is obtained which would significantly affect the value opinion. �a, � Jesse B. Vance, Jr., MAI, SRA, ASA State -Certified General Real Estate Appraiser No. RZ 85 February 1, 2016 *Oezoallo� Claudia Vance, MAI State -Certified General Real Estate Appraiser No. RZ 173 February 1, 2016 40 M ol 0 4 � VD -VA www,appraisalinsbtute.org PwC REAL ESTATE INVESTOR SURVEY Third Quarter 2015 9. Rate on unteveraged, all-cash transactions Defffifflans.. b.p. basis points Discount Rate (IRR) Internal rate of return in an all-cash transaction, based on annual year-end compounding Overall Cap Rate (OAR). Initial rate of return in an all-cash transaction Residual Cap Rate. Overall capitalization rate used in calculation of residual pfice,. typically applied to the NGI in the year following the forecast. Source: PwC Real Estate Investor Survey, formerly known as the Korpacz Real Estate Investor Survey Personal survey conducted byPwC dudngJvy2015. Forsubscription information, please visit www.pwc.com/us/realestatesurvey orcaill-800-654-3387 For continuously updated economic indicators, visit www.appralsolinstitute.org/anatecon—indicatur/indicatere.espx, M r 10 iq" vm 1,111211111111151) 9. Rate on unteveraged, all-cash transactions Defffifflans.. b.p. basis points Discount Rate (IRR) Internal rate of return in an all-cash transaction, based on annual year-end compounding Overall Cap Rate (OAR). Initial rate of return in an all-cash transaction Residual Cap Rate. Overall capitalization rate used in calculation of residual pfice,. typically applied to the NGI in the year following the forecast. Source: PwC Real Estate Investor Survey, formerly known as the Korpacz Real Estate Investor Survey Personal survey conducted byPwC dudngJvy2015. Forsubscription information, please visit www.pwc.com/us/realestatesurvey orcaill-800-654-3387 For continuously updated economic indicators, visit www.appralsolinstitute.org/anatecon—indicatur/indicatere.espx, (a) The content of an . Appraisal Report must be consistent with the intended use of t1i appraisal ! , at a minimum: (i) state the identity of the client and any intended users, by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised-, (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly andconspicuously: • state all extraordinary assumptions and hypothetical conditions; and ■ state that their use might have affected the assignment results; (xii) include a signed certification in accordance with Standards Rule -3. IT mvallabletothe appraiser♦ ! of analyze all agreements of sale, options, and listings of the subject property current as of the effective dateofthe appraisal; (b) analyze all sales of the subject property that occurred within the three () years prior to the effective date of the appraisal. 7.11 Florida Statutes:fi ii .-- (1) As used in this part, the term: (a) "Appraisal" or "appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or "foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser" means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. a95,11(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property, (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. (j) "Department" means the Department of Business and Professional Regulation. Jesse B. Vance, Jr., MAI, SRA. ASA, M Appraiser - Real Estate Analyst - Reviewer - Expert Witless Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954-583-2116 Cell: 954-610-2423; Email: vanceyal(q),comcast.net Web Page: www.vancerealestateservice.com D) PARTIAL LIST OF CLIENTS PRIVATE I19DIMUALS AND CORPORATIONS,O• DEPARTMENTS, I, I : ••Landmark B , nac. c. :,. :, !• ! r!!i! t .. R 1* 1 at is :'ilii �'>t h•!i ! it ! 1 ! i s); 21 4 11K1 ej ',A 1F '! 1 1 NINNY Taal E EDUCATIONAL BACKGROUND - ardal List BACHELOR OF ARTS - Earlham College, Richmond, Indiana (1954) MBA (Nova University) - Real Estate Management & Development (National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation (Income) Course 4 (AIREA) - Condemnation Appraising Course 6 (AIREA) - Income Capitalization & Analysis Course 101 (SREA) - Introduction to Appraising Course 201 (SREA) - income Property Valuation, Theory Course 202 (SREA) - Applied Income Property Valuation Course 301 (SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis, 1978, Virginia Symposium (SREA) - Market Analysis, 1979, Arizona Symposium (SREA) - Market Analysis, 1980, South Carolina Symposium (SREA) - Market Analysis, 1981, Tennessee Symposium (SREA) - Market Analysis, 1982, New Mexico Symposium (SREA) - Market Analysis, 1983, Pennsylvania Symposium (SREA) - Market Analysis, 1984, Georgia Symposium (SREA) - Market Analysis, 1985, Vancouver, B.C. Symposium (SREA) - Market Analysis, 1986, New Jersey Clinic (SREA) - #201 Instructor, 1987, U. of Illinois Clinic (SREA) - #201 Instructor, 1988, Illinois Seminar (SREA) - Professional Practice, 1988, Florida Symposium (SREA) - Market Analysis, 1988, California Symposium (SREA) - Market Analysis, 1989, Minnesota MBA Graduate School Courses: 1990-1991 Successfully coWpleted the followinimduate school courses: "Regulation of Real Estate Development" "Legal Issues In Real Estate" - "Organizational Behavior and Management"" - "Real Estate Economics" "Real Properties Management," "Market Analysis and Site Selection" - "Human Resource Management" - "R. E. Finance: Instruments, Institutions & Investment Analysis" "[Jrban Infiwbucture & Environmental Analysis" "Real Estate Accounting" "Marketing Management for Real Estate" "Commercial Real Estate Lending" "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach (1992Boston) SEMINAR (AI) - Rates & Ratios (1992Boston) SEMINAR (AI) - International Appraising (1992Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial (1993) SEMINAR (AI) - ADA ACT (1993/Reno) SEMINAR (AI) - Hotel Valuation (1993) SEMINAR (AI) - Income Capitalization, Methods (1993) SEMINAR (AI) Powerlines/Electmmagnetic Radiation (1994) SEMINAR (AI) - Verifying Market Data (1994) SEMINAR (AI) -- Market Studies for Appraisals (1994) SEMINAR (AI) - Florida Appraiser Core Law (USPAP/1994) E)EDUCATIONAL BACKGROUND -(Partial List. continued) SEMINAR (AI) - Limited Appraisals &Reports (USPAP/I 994) SEMINAR (AI) - Public Safety & Property Values (1995) SEMINAR (Al) - Oulparcel Valuation (1995) SEMINAR (AI) - Computer Technology Video Conference (1995) SEMINAR (AT) - The Internet & the Appraiser (1996) SEMINAR (AI) - Florida CorrimercialConstruction (1996) SEMINAR (AI) - Real Property Rights in Florida (1996) COURSE (Al) - USPAP & Florida Real Estate Core law (1996) SEMINAR (AI) - Valuation of Trees (1997) 3 -DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/ Hazardous Wastcs2cnder Liability (1997/Marco BeaclL FL) SEMINAR (AI) - Valuation of Transferable Development Rights [TDR's] (1997) COURSE (AI) - Standards of Professional Practice, Part C,15 hour Course #430 (1997) SEMINAR (AI) - Non -Conforming Uses (1998) SEMINAR (AI) - The Impact of Contamination on Real Estate Value (1998) COURSE (AI) - USPAP & Florida Real Estate Core Law (1998) SEMINAR (Al) - Econometrics/Statistical Valuation Methods (1999) COURSE (AI) - 14 Hour (2 -day) Advanced Spreadsheet Modeling for Valuation Applications SEMINAR (AI) - Globalization of Real Es at U.S. Appraisers Need to Know (1999) SEMINAR (Al) - The Role of the Appraiser in Alternative Dispute Resolution (Mediation/Arbitration) (1999) SEMINAR (Al) - Technology Forum Part II/Intennediate (1999) SEMINAR (AI) - Client Satisfaction/Retention/Development (1999) SEMINAR (AI) - Attacking and Defending an Appraisal (1999) SEMINAR (AT) - Federal Appraisal Requirements ("Yellow Boole) (2000) SEMINAR (AI) - Regression Analysis in Appraisal Practice: Concepts & Applications (2000) SEMINAR (AI) - Analyzing Income Producing Properties (2000) SEMINAR (ATIF) -1031 Tax Deferred Exchanges (2000) COURSE (AI) - USPAP & Florida Real Estate Core Law (2000) SEMINAR (AI) - Mediation & Alternate Dispute Resolution Seminar (2001) SEMINAR (AI) - State of the Appraisal Profession (2001) 2 -Day SEMINAR Eminent Domain, by CLE International, Tampa, Florida (2001) SEMINAR (AI) Ad Valorem Assessment Process in Florida (2002) SEMINAR (AI) Role of Red Estate Appraisers in Bankruptcy Proceedings (2002) SEMINAR (AI) Appraisers & the Gramm -Leach -Bliley Federal Privacy Act (2002) SEMINAR (AI) - How to Appraise the Ugly House (2002) COURSE (AI) 2 -Day Course #430, Standards of Professional Practice, Part C (2002) SEMINAR (Ai) Market Trends for 2003 (2003) SEMINAR (AI) Update on Code of Professional Ethics (2003) PANEL (AI) Moderator "Industry, Consumer & Congressional Views on Predatory Lending7D.C. (2003) SEMINAR (AI) Florida State law for Real Estate Appraisers (2003) SEMINAR (AI) Appraisal Agreements (2003) SEMINAR (AI) Analyzing Distressed Real Estate (2004) SEMINAR (AI) - Valuation for Financial Reporting Purposes (2004) SEMINAR (AI) 7 Hour National USPAP Update Course #1400 (2004) SEMINAR (AI) - Inverse Condemnation (2004) SEMINAR (A1) - Appraiser Independence in the Loan Process (2004) SUMMIT (AI) Moderator at 2 -day Appraisal Summit in Washington, D.C. (12/2004) SEMINAR (Al) Loss Prevention Program for Real Estate Appraisers (2005) SEMINAR (Al) Valuation of Wetlands (7/2005) SEMINAR (AI) Tri -County Residential Symposium (8/2005) SEMINAR (AI) -'Vool Tools"Intemet Resources and Use for Valuation (2/2006) SEMINAR (AI) - FREAB 7 -Hour National USPAP Update (5/2006) SEMINAR (Al) - FREAB 3 -Hour Florida State Law for Real Estate Appraisers (5/2006) SEMINAR (AI) - USPAP Scope of Work & New Requirements (8/2006) SEMINAR (AI) - USPAP Reappraising, Readdressing & Reassigning Appraisal Reports (2/2007) SEMINAR (AI) - Al Summary Appraisal Report/Residential (4/07) COURSE (Fla.) -14-Hour Continuing Education (including 3 -Hour Florida Core Law) (7/2007) SEMINAR (AI) Real Estate Fraud: Appraisers Beware! (8/2007) SEMINAR (AI) Florida Law for Real Estate Appraisers (11/2007) COURSE (AI) Business Practices and Ethics — 8 hours (12/2007) SEMINAR (Al) -Supervisor Trainee Roles and Rules (2J2008) SEMINAR (AI) -7 Hour National USPAP (4/2008) SEMINAR (Al) - USPAP Hypothetical Conditions & Extraordinary Assumptions (5/2008) Page 4 of 5 PROFESSIONAL r7 IFICATIONS — JESSE,R E)EDUCATIONAL BACKGROUND - (Partial List — Cog&ued) SEMINAR (AI) - Litigation Skills for the Appraiser— 7 -1 -lour Seminar (912008) SEMINAR (AI) - Public Sector Appraising (2/2009) WEBINAR (AT) - Develop an Effective Marketing Plan (3/2009) SEMINAR (AI) - Inspecting the Residential "Green House" (412009) SEMINAR (An - Property Tax Assessment (5/2010) SEMINAR (AI) - Supervisor Trainee Roles and Rules (7/2010) SEMINAR (AI) - Florida Law for Real Estate Appraisers (7)2010) SEMINAR (Al) - 7 -Hour Introduction to Valuation for Financial Reporting — Chicago (512009) SEMINAR (AI) - Govemment Regulations & Their Effect on R.E. Appraising (812009) SEMINAR (AI) - ILE.Market: How We Got Here, Where We Are, Where We're Going (10/2009) SEMINAR (AI) - 7 Hour National USPAP Update Course (1011/2010) COURSE (AI) - 7 Hour Introduction to Conservation Easement Valuation (12/10/2010) SEMINAR (AI) - The Real Estate Market (2/1812011) COURSE (AI) -16 Hours Uniform Appraisal Standards for Federal Land Acquisitions ("Yellow Book') (2/25-2612011) WEBINAR (Al) - Real Estate Industry Perspectives on Lease Accounting (41712011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview (5/19-2012011) WEBINAR (A1) - 2 -hour Investment Property Accounting Standards (618/2011) SEMINAR (AI) - 3 Hour Spotlight on USPAP — Agreement for Services (7/15/2011) COURSE (AI) -14 Hours (2 -day) Advanced Excel Spreadsheet Modeling for Valuation Applications (9122 & 9/23/2011) SEMINAR (AI) - Trial Components (11/4111) SEMINAR (AI) - Lessons from the Old Economy Working in the New (1/20/2012) 7 -Hour USPAP - National USPAP Update (3/912012) 3 -Hour Fla Law - State Law Update (31912012) SEMINAR (Al) - Appraisal Review for General Appraisers (4/1212012) SEMINAR (AI) - Land Valuation (4120/2012) SEMINAR (Al) - The Valuation of Warehouses (6/22/2012) SEMINAR (AI) - Town Hall Meeting: 2012 Appraisal Institute Forum (7/12/2012) SEMINAR (An - IRS Valuation (7/1912012) SEMINAR (AI) ® 7 Hour Business Practices and Ethics Course (1217/2012) SEMINAR (AI) - Real Estate Forecast 2013 (112512013) COURSE (AI) - 7 Hour Advanced Marketability Studies (5/612013) SEMINAR (AI) Developing a Supportable Workfile (11/15/2013) SEMINAR (AI) - Florida Appraisal Law Course (2172014) SEMINAR (AI) - Liability Issues for Appraisers performing Litigation & Non -Lending Work (2242014) COURSE (AI) 7 Hour National USPAP Update Course (41252014) SEMINAR (AI) - Economic Conditions (5/162014) SEMINAR (AI) - Fundamentals of Going Concerns (71162014) SEMINAR (AI) - Litigation Assignments for Residential Appraisers (7/24/2014) SEMINAR (AI) - Economic Engines of Miami -Dade County, Florida (1/2Y2015) SEMINAR (Al) - Economic Engines Driving Broward County, Florida (5/152015) 3 -Hour Fla.Law - Florida Real Estate Broker 14 -hour Continuing Education Course (incl. 3 hour core law) with exam (92015) SEMINAR (AI) - Drone Technology & its Effect on Real Estate Valuations (112015) SEMINAR (AI) - Loss Prevention for Real Estate Appraisers (122!2016) SAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach (Certificate No. 275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars - Board of Realtors, ASA, SREA, and AT (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). PROFESSIONAL QUAIMCATIONS –JESSE B. VANCE, JIL Q) PROFESSIONAL OFFICES !MLD/AWARDS NATIONAL B.O.D. MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006- 20081 "FSI OWN, 14 .J.'r 41 I= - Appraisal histitutc "NATIONAL PRESIDENTS AWARD" 2008 Appraisal Institute "LIFETIME ACHIEVEMENT AWARY'2011 For"high ethical standards, contributions to the Appraisal Institute, Community Appraisal Profession for at least 20 years." REGION X All of Florida - Appraisal Institute (2008) REGION X All of Florida - Appraisal Institute (2007) REGION X All of Florida - Appraisal Institute (2006) REGION X – All of Florida – Appraisal Institute (2006) BROWARD COUNTY, SOCIETY OF REAL ESTATE APPRAISERS BROWARD COUNTY, AMERICAN SOCIETY OF APPRAISERS FLA- STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF AT FLA- STATE LEGISLATION & REGULATION SUBCOMMITTEE OF AI REGION X (FLORIDA) APAAC COMMITTEE OF Al FLORIDA REALTORS COMMITTEE ON COMMn-IEE REFORMS EDUCATION COMMITTEE, FT. LAUDERDALE CHAPTER AT CANDIDATES GUIDANCE COMMITTEE, F'F.LAUDERDALE CHAPTER AT NATIONAL Valuation for Financial Reporting PROJECT TEAM OF AT PROFESSIONAL QUALIFICATTONS – JESSE B. VANCE JR. G) PROFESSIONAL OFFICES HELD/AWARD VICE CHAIR& MEMBER NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Ad (15 MEMBER NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER NATIONAL PUBLIC AFFAIRS COMMI= OF AT I PROFESSIONAL OFFICES HELD/AWARDS (continued) DIRECTOR REGION X (Florida) Appraisal Institute MEMBER REGION X (FLORIDA) ETHICS AND COUNSELING PANEL DIRECTOR BROWARD COUNTY, FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPIZ MSEVS — MEMBER NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF AT SPECIAL MASTER BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER 17TH JUDICIAL CIRCUIT COURT, Brt County, FL MEMBER 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PW&.I---CT -F- 9,L] H) PROFESSIONAL PUBLICATIONS & PRESENTATIONS I ) Wrote and taught a basic Residential Appraisal Course for the Broward Comity Adult Education Div. of the Dept. of Education; 2) Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; 3) Co-authored and taught an appraisal course on Mortgage -Equity Capitalization for the American Society of Appraisers. 4) Authored and taught a Florida State and Appraisal Institute 3 -hour accredited course in ie Legislation, Regulation and Appraisal of Real Property Rights in Florida September 7, 1996. 5) Presentation on "Gramm -Leach -Bliley" Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on Octc)berZ4,2001, 6) Presented 3 -hour Florida CEU-credit seminar on "Appraisers and the Granim-Leach-Bliley Acf'before the South Florida Chapter of the Appraisal Institute on July 27, 2002. 7) Presenter at 6.5 Hour CLE -credit Attorney Seminar on Florida Eminent Domain, "Valuation and Dan= Issu. ' February 2, 2006, Fort Lauderdale� Florida )XI I K3 14 141 VP 0 MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP ('BYBLOS") MEMBER CIRCLE OF FRIENDS – NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS fit' I of 4 Vance Real Estate Service Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Stred Plantation - Fl, - 33317 Office: 954.583.2116 Cell: 954- 647- 7148 Email: vanceval@atftt. Web Site: www.vancerealestateservice.com Vance Real Estate Service is a Veteran -Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perform the appraisal work, no trainees. Our appraisals are used for financial/ mortgage loan purposes from large mixed use complexes to small owner- occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B. Vance, Jr., MAI, SRA, ASA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, deficiency judgments, marriage dissolution, and estates. Our firm values most types of real property interests, timely, professionally, and at competitive costs. A) PR0FES8I0A,!X, 1ESIG3ATI01-WL&&1Q-,XASES MAI Designation - APPRAISAL INSTMJTE No. 9451 State -Certified General Real Estate Appraiser No. RZ-1 73 Florida State Licensed Real Estate Broker No. BK 0 161305 VOSB "Verified" Veteran-OwnW Small Business (CCR/Duns 826494957) B)WORKRISTORY 1983 - Current Vice President - Vance Real Estate Service 1981-1983 President - The Appraisal Company, Fort Lauderdale, Florida 1979-1981 Staff Appraiser - Real Property Analysts, Inc., Fort Lauderdale, Florida 1976-1980 REALTOR -Associate - The Atwood Corporation, Fort Lauderdale, Florida 1973-1975 Tear -her of Secondary Language Arts in the Jefferson Parish School in Louisiana Q 1 D AS AN EXPERT WITNESS IN REAL ]ESTATE VALUATTON U.S. Bankruptcy Court, Southern District of Florida Florida Circuit Court: Broward County Loy -1 W j "m L-1 04 " fly -Xsi p no Um fa W Do 10) "al . I Do -.3 "a.1"ZI 9 acown A 1i W-1gin 00 1 ma if -LIM 9 INTRAZI it", E) EXPERIENCE: 35+years appraising and analyzing real property interests in South Florida. Partial fist of real property ftes valued: High value residences, Condominiums/ Co-operatives, Office, Industrial, Multi -family, Restaurants/ bars, Auto dealerships, City Centers, Hotels/ motels, Houses of worship, Schools, Child care centers, Self -storage, Funeral home, Animal Hospital, Mixed use, Nursing homes, Gas sales stations, Marinas,Mobile home parks, Shopping centers, Country clubs/ golf courses, Financial institutions, Bowling centers, Vacant land, Agricultural properties, Environmentally sensitive land Types of Rports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interes% Easement Valuations, Estate planning, Marriage dissolution, Land use studies, Damage/ Contamination studies 2 of 4 F) PARTIAL LIST OF CLIENTS — PRIVATE: Individuals, Corporations, Attorneys, Accountants, Habitat for Humanity, Seminole Tribe of Florida COMMERCIAL BANKS. Wells Fargo; BankAdantic; SunTrust; Citigroup; Space Coast Credit Union; State Farm Bank; Florida Shores Bank, American National Bank, Landmark Bank; City National Bank, Englewood Bank & Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie, Hollywood, Pembroke Pines, Hallandale Beach, Lauderhill, Southwest Ranches, Boca Raton, West Palm Beach, Delray Beach FLORIDA COUNTIES and AGENCIES: Broward, Palm Beach, Broward County Board of County Commissioners, School Board of Broward County, Broward County Housing Authority STATE OF FLORIDA Department of Transportation (FDOT), Department of Environmental Protection U.S. Department of Veterans Affairs, U.S. Department of Treasury (IRS), U.S Marshall's Service, U.S. Attorney G) EDUCATIONAL BACKGROUND Acadenile: Bachelor of Arts Degree — University ofNew Orleans, New Orleans, LA — Major English Professional - Course 1-A (AIREA) - Introduction to Appraising Real Property, 1977, Passed Exam Course I -B (AMEA) - Capitalization Theory and Techniques, 1978, Passed Exam Course VIII (AIREA) - Residential Appraising, 1978, Passed Exam Course SPP (AI) - Standards of Professional Practice, 1992, Passed Exam Course 2-1 (AIREA) - Case Studies, 1987, Passed Exam Course 2-2 (AIREA) - Report Writing, 1987, Passed Exam Course R-2 (SREA) - Report Writing, 1978, Passed Exam Course 202 (SREA) - Applied Income Property Valuation, 1983, Passed Exam Course 301 (SREA) - Applications/ al Analysis, 1984, No Exam Course SPP (SREA) - Standards of Professional Practice, 1989, No Exam Symposium (SREA) - Market Analysis, 1983, Philadelphia Symposium (SREA) - Market Analysis, 1984, Atlanta Symposium (SREA) - Market Analysis, 1985, Vancouver Symposium (SREA) - Market Analysis, 1986, Atlantic City Symposium (SREA) - Market Analysis, 1988, Los Angeles SEMINAR (AI) Cost Approach (1992/Boston) SEMINAR (AI) Rates & Ratios (1992/Boston) SEMINAR (AI) InkmationalAppraising (1992/BoSton) SEMINAR (AI) Litigation Valuation/Mock Trial (1993) SEMINAR (AI) ADA ACT (1993/Reno) SEMINAR (AI) Hotel Valuation (1993) SEMINAR (AI) Income Capitalization, Methods (1993) SEMINAR (AI) Powertines/Electroniagnetic Radiation (1994) SEMINAR (AI) Verifying Market Data (1994) SEMINAR (AI) Market Studies for Appraisals (1994) SEMINAR (AI) Florida Appraiser Core Law (USPAP/1994) SEMINAR (Al) Limited Appraisals & Reports (USPAP/1994) SEMINAR (AI) Public Safety & Property Values (1995) SEMINAR (AI) Outparcel Valuation (1995) SEMINAR (AI) Computer Technology Video Conference (1995) SEMINAR (AI) The Internet &the Appraiser (1996) SEMINAR (AI) Florida Commercial Construction (1996) SEMINAR (AI) 1996 Data Exchange (1996) SEMINAR (AI) Real Property Rights in Florida (1996) COURSE (Al) USPAP & Florida Real Estate Core Law (1996) SEMINAR (AI) Valuation of Trees (1997) 3 of 4 G) EDUCATIONAL BACKGROUND (Continued) SEMINAR (Al) - Valuation of Transferable Development Rights [TDB's] (1997) COURSE (AI) - Standards of Professional Practice, Part C, 15 hour Course #430 (1997) SEMINAR (Al) - Non -Conforming Uses (1998) SEMINAR (Al) - The Impact of Contamination on Real Estate Value (1998) COURSE (AI) USPAP & Florida Real Estate Core Law (1998) SEMINAR (AI) Econometrics/Statistical Valuation Methods (1999) SEMINAR (AI) Globalization of Real EstatoTihat U.S. Appraisers Need to Know (1999) SEMINAR (AI) The Role of the Appraiser in Altemative Dispute Resolution (MediationfArbitnition) (1999) SEMINAR (AI) Technology Forum Part Wintermediate (1999) SEMINAR (AI) Client Satisfaction/Retention/Development (1999) SEMINAR (AT) Attacking and Defending an Appraisal (1999) SEMINAR (A]) Federal Appraisal Requirements (2000) SEMINAR (Al) Regression Analysis in Appraisal Practice. Concepts & Applications (2000) SEMINAR (A]) - Analyzing Income Producing Properties (2000) COURSE (AI) - USPAP & Florida Real Estate Core Law (2DW) SEMINAR (AI) - Mediation & Alternate Dispute Resolution Seminar (2001) SEMINAR (AI) - State of the Appraisal Profession (2001) SEMINAR (AI) - Ad Valorem Assessment Process in Florida (2002) SEMINAR (Al) - Role of Real Estate Appraisers in Bankruptcy Proceedings (2002) SEMINAR (AI) - AM-aisers & the Gramm -Leach -Bliley Federal Privacy Act (2002) SEMINAR (AI) - How to Appraise the Ugly House (2002) COURSE (Al) - 2 -Day Course #430, Standards of Professional Practice, Part C (2002) SEMINAR (AI) - Market Trends for 2003 (2003) SEMINAR (Al) - Update on Code of Professional Ethics (2003) PANEL (AI) - Moderator "Industry, Consumer & Congressional Views on Predatory Unding7D.C. (2003) SEMINAR (AI) - Florida State Law for Real Estate Appraisers (2003) SEMINAR (AT) - Appraisal Agreements (2003) SEMINAR (Al) - Analyzing Distressed Real Estate (2004) SEMINAR (Al) - Valuation for Financial Reporting Purposes (2004) SEMINAR (AI) - National USPAP Course (2004) SEMINAR (AI) Inverse Condemnation (2004) SEMINAR (AI) Loss Prevention (2005) SEMINAR (AI) Single Family Fraud Awareness (2005) SEMINAR (Al) Guide to the new URAR form (2005) SEMINAR (AI) Technologies for Real Estate Appraisers (2006) SEMINAR (AI) The Appraiser's Role in New Urbanism (2006) SEMINAR (AI) National USPAP Update (2006) SEMINAR (AI) Florida State Law for Real Estate Appraisers (2006) SEMINAR (AI) Scope of Work and the New USPAP Requirements (2006) SEMINAR (AI) Energy Star and the Appraisal Process (2006) SEMINAR (AI) Reappraising, Readdressing, and Reassigning Appraisals (2007) SEMINAR (AI) Real Estate Fraud (2007) SEMINAR (AI) Forecasting Revenue (2007) SEMINAR (AI) Florida Law for Real Estate Appraisers (2007) COURSE (Al) - Business Practice and Ethics #420 (2007) SEMINAR (AI) - Supervisor— Trainee Roles and Rules (2008) COURSE (AI) - 7 Hour National USPAP Update #400 (2008) SEMINAR (AI) - Hypothetical Conditions and Assumptions (2008) SEMINAR (AI) Real Estate Economy (2008) SEMINAR (AI) Public Sector Appraising (2009) SEMINAR (Al) Inspecting the residential "green" house (2009) WEBINAR (AI) Value for Financial Reporting (2009) SEMINAR (AI) The Real Estate Market in 2009 SEMINAR (Al) New Government Regulations (2009) SEMINAR (AT) -Property Tax Assessment (2010) SEMINAR (AI) - 7 HourNational USPAP (2010) SEMINAR (AI) Florida Law for Real Estate Appraisers (2010) SEMINAR (AI) Supervisor/ Trainee Roles and Rides (2010)' SEMINAR (AI) The Real Estate Market (2011) SEMINAR (AI) Uniform Appraisal Standards for Federal Land Acquisitions- "Yellow Book" (201 1) COURSE (A]) 15 Hour Appraisal Curriculum Overview (2011) SEMINAR (AI) Spotlight on USPAP — Agreement for Services (2011) SEMINAR (AI) Trial Components (2011) W.W. Gl EDUCATIONAL BACKGROUND tCantinuedl SEMINAR (AI) - Lessons from the Old Economy Working in the New (2012) SEMINAR (AI) - Appraisal Review for General Appraisals (2012) COURSE (AI) - National USPAP Update (2012) SEMINAR(AI) - Florida Law (2012) SEMINAR(AI) - Land Valuation (2012) SEMINAR(Al) - Valuation of Warehouses (2012) SEMINAR(AI) - IRS Valuation (2012) SEMINAR(AI) - Business Practices and Ethics (2012) SEMINAR (AT) - Real Estate Forecast (2013) SEMINAR (AI) - Advanced Marketability Studies (2013) SEMINAR (AI) - Developing a Supportable Warkfile (2013) SEMINAR (AI) - Florida Appraisal Law (2014) SEMINAR (AI) - Liability Issues for Appraisers performing Litigation & Non -Lending Work (2014) COURSE (Al) -7 Hour National USPAP Update Course (2014) SEMINAR. (AI) -Florida law (2014) SEMINAR(Af) - Now Real Estate Economy (2014) M PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006 – 2009 President of the South Florida Chapter of the Appraisal Institute - 2003 First Vice -President of the South Florida Chapter of the Appraisal Institute -2002 Second Vice -President of the South Florida Chapter of the Appraisal Institute -2001 Secretary of the South Florida Chapter of the Appraisal Institute -2000 Treasurer of the South Florida Chapter of the Appraisal Institute -1999 Chair of the Education Committee of the S. Florida Chapter of the Appraisal Institute -1995,1996,1997,1998, 2007- 2014 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute - 2006 Director of the South Florida Chapter of the Appraisal Institute 1996 -1998 Member of Region X (Florida) Ethics and Counseling Panel –AI Graduate of the Florida REALTORS Institute, (GRI) Director of the Florida Association of REALTORS (FAR) - 1981 Committee Member of the Florida Association of REALTORS, Education Committee 1980 & 1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS -1981 and 1982; Member 1978,1979,1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS 1) PROFESSIONAL PUBLICATIONS & PRESEDMA—TION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Gude to Researching Beat Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS J) CIVIC 0VOLVEMENT Member of the Navy League of the United States – Fort Lauderdale Council Lifetime Honorary Member- Florida Sherifrs Association Member of Zeta Tau Alpha Alumnae Fraternity t Sys `;( ��-�. Am B E AC I RABOYN Consideration of Letter of Intent from Ocean One Boynton, LLC for CRA -Owned Property Located at 222 N. Federal Highway SUMMARY: The CRA purchased the property located at 222 N. Federal Highway in 2002. At the time of the purchase the property was a motel. The purpose of the purchase was to extend Boynton Beach Blvd. east to allow for the development of Marina Village and to create a public walkway to the Intracoastal. The purchase price in 2002 was $900,000. In October 2015 Mr. William Morris who represents Mr. Davis Camalier the owner of the property adjacent to the CRA's property, began discussing with CRA staff the potential of developing a project on a portion of Mr. Camaliers' property and all of the CRA's property. In preparation for the request for the CRA property by Mr. Camalier for use in the project, CRA staff ordered a new appraisal on the CRA property (See Attachment 1). On January 11, 2016, the appraisal was forwarded to Ms. Miskel and Mr. Morris in order to obtain a Letter of Intent from Mr. Camalier to start the process of negotiating a Purchase and Development Agreement (See Attachment 2). A site plan and land use change application was filed with the City on Thursday, March 3, 2016. The site plan includes the CRA property adjacent to the Ocean One property. However, Ocean One did not provide a Letter of Intent to the CRA as requested on January 11, 2016 which would have completed the process to dispose of the property in time for the site plan and zoning application. The Letter of Intent was received today (See Attachment 3). Ocean One is asking for the CRA property at no cost. The property was reappraised in December 2015. The value was determined to be $460,000. The property has a land use of Mixed -Use Core and is .48 acre in size. The proposed site plan for the Ocean One project is attached for the Board's review (See Attachment 4). The site plan and zoning application cannot be processed at this time as the CRA cannot sign off as owner until the statutory property disposal process has been completed. The next step if the Letter of Intent is accepted by the Board is to issue and publish a Notice of Intent to Dispose of Real Property. Thirty days must elapse after the publication of the Notice. After the thirty day period has elapsed the item must go on the City Commission agenda since the properly is being proposed to be disposed at below market value. The next Commission meeting after the thirty day period is over is April 19, 2016. The next step is to draft a Purchase and Development Agreement in collaboration with the Ocean One representatives. This will go on the May 10, 2016 CRA agenda. FISCAL I PACT: The CRA property is appraised at $460,000. Mr. Camalier of Ocean One Boynton, LLC is requesting the property at no cost. PROJECT:CRA PLAN, PROGRAM OR Downtown Vision and Master Plan T:IAGENDAS, CONSENT AGENDAS, MONTHLY RE PORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingsWarch 20161Oaean One LOI.docx BOYN RA RECOMMENDATIONS: staff believes that transferring this property to Ocean One for the proposed project is a good use of the land. Therefore, staff supports approving acceptance of the Letter of Intent. Vivian L. Brooks Executive Director T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORT&Corn pleted Agenda Item Request Forms by Meebng\CRA Board\FY 2015 - 2016 Board MeetingsWarch 20161Ooean One LOW= COMMERCIALVACANT • LOCATED AT NORTH222 ► • s -.4 4 ► + A14;8► I WzI:];I:ti1.'Wl��l► 7 BOYNTON BEACH CRA M N-Whimulaw- =1 .. 1410 Park Lane South, Suite I Jupiter, FIL 33458 561.686.0333 1561.686.3705 Fax Michael R. Slade, MAI, SRA, CRE Cert Gen RZ1 16 mrs@cpwpb.com Stephen D. Shaw, MAI Cert Gen RZ1 192 sds@cpwpb.com Robert A. Callaway, MRICS Cert Gen RZ2461 rac@cpwpb.com 1803 South 25`h Street, Suite I Fort Pierce, FL 34947 772.464.8607 1 772.461.0809 Fax Stuart: 772.287.3330 Stephen G. Neill, Jr., MAI Cert Gen RZ2480 s.nel ll@rallawayandprice.com 2816 E. Robinson Street Orlando, FL 32803 Phone (321)726-0970 Fax (321)726-0394 Curtis L. Phillips, MAI Cert Gen RZ2085 clp@cpmel.com 1146thAvenue Suite 3 Indialantic, FL 32903 Phone (321)726-0970 Fax (321)726-0384 Curtis L Phillips, MAI Cert Gen RZ2085 clp@cpmel.com Eallaway & Price, Inc. Real Estate Appraisers And Consultants www.r-allawayandprice.com Uamnsed Real Estate Brakers Please respond to the South Florida office E -Mail: sclsocipwpb.com Theresa Utterback Development Services Specialist Boynton Beach CRA 710 North Federal Highway Boynton Beach, FL 33435 Dear Ms. Utterback: We have made an investigation and analysis of the .48 -acre vacant commercial property located at 222 North Federal Highway in the City of Boynton Beach, Palm Beach County, Florida. The Subject Property will be further described both narratively and legally within the following Appraisal Report. The purpose of this investigation and analysis was to provide our opinion of the Market Value of the Fee Simple Estate of the Subject Property as of December 30, 2015. This report has been prepared for our client and intended user, Boynton Beach CRA. The Intended use is to assist the client for internal decision making. The scope of work performed is specific to the needs of the intended user and the intended use. No other use is intended, and the scope of work may not be appropriate for other uses. Based upon the scope of the assignment, our investigation anii imalysis of the information contained within this report, as well as tur general knowledge of real estate valuation procedures and market conditions, it is our opinion that: Theresa Utterback Boynton Beach CRA January 5, 2016 Page Two A description of the property appraised, together with an explanation of the valuation procedures utilized, is contained in the body of the attached report. For your convenience, an Executive Summary follows this letter. Your attention is directed to the Limiting Conditions and underlying assumptions upon which the value conclusion is contingent. CALLAWAY & PRICE, INC. Stephen D. Shaw, MAI Cet GeT VZ1192 Joe M. Merritt, Associate Appraiser Cert Gen RZ672 D• I a F -MV -NO Executive Summary LOCATION The Subject Property is located southeast corner of North Federal Highway and East Boynton Beach Boulevard in the City of Boynton Beach, Palm Beach County, Florida. The property address is 222 North Federal Highway, Boynton Beach, FL 33435. DATE OF VALUATION December 30, 2015. DATE OF REPORT January 5, 2016. 'LAND : 20,999 square feet or .48 acres. IMPROVEMENTS The Subject Property is currently vacant, cleared, and landscaped with grass. The north and west boundaries are landscaped with trees and shrubs. There are no building improvements. ZONING CBD, Central Business District, by the City of Boynton Beach. LAND USE PLAN MXC, Mixed Use Core, by the City of Boynton Beach. HIGHEST AND BEST USE : Future commercial development. MARKET VALUE OF THE FEE SIMPLE ESTATE OF THE SUBJECT PROPERTY AS OF DECEMBER 30, 2015 $460,0011 Table of Contents CERTIFICATION .................................................................................... ........ I LIMITING CONDITIONS .................................................................................. 3 DEFINITION OF THE APPRAISAL PROBLEM ........................................................ 9 Purpose, Date ofValue, and Interest Appraised .............................................. 9 Intended Use and User of Anpra|saL......................................... 9 MarketValue .............................................................................................. 9 LegalDescription ...................................................................................... 10 Fee Simple Estate.............................................--.. 11 Hypothetical CoOditbJOs............................................---.— 11 Extraordinary Assumptions ......................................................................... 11 ExposureTime .......................................................................................... 12 MarketingTime ................................................................................. ....... 12 SCOPE OFWORK ..................................................................................... ... 13 NEIGHBORHOOD DATA ................................................................................. 14 PROPERTYDATA .......................................................................................... 17 Location.......... -.................................................................................... 17 Zoning.................................... ................................................................ 17 Land -Use Plan .......................................................... ............................... 17 Site Size, Shape and Access ....................................................................... 18 Easements and Deed Restrictions ................................................................ 18 Concurrency............................................................................................. 18 Utilities.................................................................................................... l9 Topography........................................................................... ................... 19 CensusTract ............................... ........ .................................................... 19 FloodHazard Zone .................................................................................... 2O Assessed Value and Taxes .......................................................................... 2O PropertyHistory ........................................................................................ 2O Improvements.......................................................................................... 20 HIGHEST AND BEST USE .............................................................................. 2l Conclusion.................................................................................. ............ 21 LAND VALUE ANALYSIS ................................................................................ 23 Discussion ofVacant Land Sales ................................................................. 24 Conclusion - Land -Value Analysis ................................................................ 37 �o] F1 01 A A _90, Engagement Letter Stephen D. Shaw, MAI Joe M. Merritt, Associate Appraiser Certification 4,4110 4 2 (OLIN tjfl�, k",r__VR==1T.Rff 1. The statements of fact contained in this report are true and correcm 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, impartial, and unbiased professional analyses, opinions, and conclusions. 3. We have no present or prospective interest in the property that is the subject of this report, and we have no personal interest or bias with respect to the parties involved. 4. We have performed services, as an appraiser regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. We previously appraised the Subject Property as of February 26, 2013, our report number 13-68702. 5. We have no bias with respect to the property that is the subject of this repori or to the parties involved with this assignment. 6. Our engagement in this assignment was not contingent upon developing or reporting predetermined results. 7. Our compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. 8. The analyses, opinions, and conclusion were developed, and this report was prepared, in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP) and The Interagency Appraisal and Evaluation Guidelines, December 10, 2010. 9. Stephen D. Shaw, MAI and Joe M. Merritt have made a personal inspection of the property that is the subject of this report. 0. No one provided significant real property appraisal assistance to the persons signing this certification. C 1. The use of this report is subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. Certifications 12. This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. 13. The reported analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, 14. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 15. As of the date of this report, Stephen D. Shaw, MAI has completed the continuing education program for Designated Members of the Appraisal Institute. Stephen D. Shaw, MAI Cert Gen RZ1192 I UZ lx'�U M APUK-T. Jr -O RIAItw.- Wralo Cert Gen RZ672 K Limiting Conditions olevK910 it.) 0 st-OK Unless otherwise stated, the value appearing in this appraisal represents the opinion of the Market Value or the Value Defined AS OF THE DATE SPECIFIED. Market Value of real estate is affected by national and local economic conditions and consequently will vary with future changes in such condns. 2. The value estimated in this appraisal report is gross, without consideration given to any encumbrance, restriction or question of title, unless specifically defined. 3. This appraisal report covers only the property described and any values or rates utilized are not to be construed as applicable to any other property, however similar the properties might be. r1r. It is assumed that the title to the premises is good; that the legal description is correct; that the improvements are entirely and correctly located on the property described and that there are no encroachments on this property, but no investigation or survey has been made. 5. This appraisal expresses our opinion, and employment to make this appraisal was in no way contingent upon the reporting of predetermined value or conclusion. No responsibility is assumed for matters legal in nature, nor is any opinion of title rendered. In the performance of our investigation and analysis leading to the conclusions reached herein, the statements of others were relied on. No liability is assumed for the correctness of these statements. 7. Neither all nor any part of the contents ot this report (especially any conclusions, the identity of the appraiser or the firm with which he is connected, or any reference to the Appraisal Institute or any of its designations) shall be disseminated to the public through advertising media, public relations media, news media, sales media or any other public means of communication without our prior written consent and approval. 8. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures which would render it more or less valuable. The appraiser assumes no responsibility for such conditions or the engineering which might be required to discover these factors. K Limiting Conditions ♦ Unless • stated in this report, the existence • hazardous substances, including without limitation stachybotrys chartarum (mold), asbestos, polychlorinated biphenyls, petroleum leakage, "Chinese drywall", 0-F agricultural chemicals, which may or may not be present on the property, or other environmental conditions, was 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 for such substances or conditions. If the presence of such substances, such as asbestos, urea formaldehyde foam insulation, or • 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 proximity thereto that would cause a loss in value. We are unaware of very wet conditions that may have existed • days or weeks which are required to grow mold. No responsibility is assumed for any such conditions, nor for any expertise or engineering knowledge required to discover them. 10. The Americans with Disabilities Act ("ADA") became effective 3anuary 26, 1992. The appraisers have not made a specc 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 the 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. 11. Our opinion of value was based on the assumption of competent marketing and management regarding the Subject Property. If there is no competent marketing and management, then the value contained herein may not apply,, 2 Subject Photos a' � Z&ll Nljoyj . ! 1 ! , • LOOKING NORTH l PROPERTY !F FROM FEDERAL w 4% KIM frt�.l �� 11 �11 ;;;;� �1414131•Ili i I 1 1111 111, llii(iij-jLff ». ■:2 © !-4l:- «r <P 0 » MolmlKoill3 t«#?*?<Wienil I tou t2+©2t«2 <»Xf» LOOKINGw AT THE SUBJECT PROPER ?f«2 NE 6 THCOURT L-41 L=rz ^j Definition of the Appraisal Problem DEFINITION DE THE APP-RAI$AL PROBLEM Purpose, Date of Value, and Interest Ap raised The purpose of this investigation and analysis was to provide our opinion of the Market Value of the Fee Simple Estate of the Subject Property as of December 30, 2015. Intended Use and User of Appraisal This report has been prepared for our client and intended user, Boynton Beach CRA. The intended use is to assist the client for internal decision making. The scope of work performed is specific to the needs of the intended user and the intended use. No other use is intended, and the scope of work may not be appropriate for other uses. Market Value "As defined in the Agencies' appraisal regulations, 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: a. Buyer and seller are typically motivated; b. Both parties are well informed or well advised, and acting in what they consider their own best interests; c. A reasonable time is allowed for exposure in the open market; d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and e. 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: The Interagency Appraisal and Evaluation Guidelines, Federal Register, Volume 75, No. 237, December 10, 2010, Pgs. 61-62. E Definition of the Appraisal Problem Fee Simple Estate The Dictiona[y of Real Estate Appraisal, Sixth Edition 2015, by the Appraisal Institute, defines Fee Simple Estate on page 90 as follows: "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." HypQthetical Condons The DictionaU of Real Estate Appraisal, Sixth Edition 2015, by x Institute, defines Hypothetical Conditions on page 113 as follows: 1. "'A condition that is presumed to be true when it is known to be false." 2. A conon, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis." "Hypothetical conditions are 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." There were no Hypothetical Conditions in the valuation of the Subject Property. ExtraordinaU Assumptions The Dictionary of Real Estate Appraisal, Sixth Edition 2015, by the Appraisal Institute, defines Extraordinary Assumptions on page 83 as follows: "An assumption, directly related to a specific assignment, as of the effective date of the assignment results, 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." There were no Extraordinary Assumptions in the valuation of the Subject Property. M Definition of the Appraisal Problem The Dictionary of Real Estate Appraisal, Sixth Edition 2015, by the Appraisal Institute, defines Exposure Time on page 83 as follows: I 2. "The estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date • •• , ppraisal. Exposure time is a retrospective opinion based on an analysis of past events assuming a competitive and open market." There is a requirement under Standard Two to report exposure time according to the latest USPAP publication. "Exposure Time" is different for various types of property under different market conditions. We have reviewed the exposure time on the sales contained in the Sales Comparison Approach in this appraisal, as well as other sales and current listings in the market. Based on that data and the current market, it is our opinion that the Subject Property would have had an exposure time of approximately 12 months or less. TU V rUM UITMI H rdTIZ - The Dictionary of Real Estate Appraisal, Sixth Edition 2015, by the Appraisal Institute, defines Marketing Time on page 140 as follows: "An opinion of the amount of time it might take to sell a real or personal property interest at the concluded market value level during the period immediately after the effective date of an appraisal. Marketing time differs from exposure time, which is always presumed to precede the effective date of an appraisal." "'Advisory Opinion 7 of the Appraisal Standards Board of The Appraisal Foundation and Statement on Appraisal Standards No. 6, "Reasonable Exposure Time in Real Property and Personal Property Market Value Opinions" address the determination of reasonable exposure and marketing time." As in most markets, properties that are priced competitively and marketed professionally will sell before others which are not. We have reviewed the marketing time on the sales used the Sales Comparison Approach of this appraisal, as well as other sales within our database and current listings in the market. Based on these indications, it is our opinion that the Subject should have a marketing time of up to 12 months. W A Scope of Work Pikel:J The scope of work decision is appropriate when it allows the appraiser to arrive at credible assignment results and is consistent with the expectations of similar clients and the work that would be performed by the appraiser's peers in a similar situation." The first step in the appraisal process involved defining the appraisal problem which included the purpose and date of value, determining the interest being appraised, intended use and user of the appraisal, and identifying the real estate (legal description). This step also determined if the appraisal were subject to any extraordinary assumptions or hypothetical conditions. The next step involved inspections of the Subject Property in December 2015 by Stephen D. Shaw, MAI and Joe M. Merritt. The inspections allowed us to understand the physical components of the Subject Property. In addition to the inspections of the Subject Property, we also began the data -collection process and, subsequently, an analysis of the factors that affect the market value of the Subject Property, including a market area analysis, neighborhood analysis, and property data analysis. We gathered and reviewed information from the Palm Beach County Property Appraiser's Office, the City of Boynton Beach Planning and Zoning Departments, our Client, and interviews with brokers and other market participants to understand and describe the Subject Property and its surroundings. The third step in the process was to determine the Highest and Best Use of the Subject Property. Through the Highest and Best Use analysis, we determined the issues that have an effect on the final opinion of value. To determine the Highest and Best Use, we relied on information obtained from the data -collection process. The fourth step was the application of the appropriate approaches for the valuation. No approaches were specifically omitted from this appraisal either by the client or the appraiser. The Subject Property consists of a .48 -acre parcel of vacant land. The most reliable way to estimate land value is by the Sales Comparison Approach. Since only one approach to value was used, no reconciliation is needed. IN E7�21'-:n lj Neighborhood Data C4211 1-101 111; K*J The relationship of the Subject Property with surrounding properties forms the basi-s of neighborhood analysis. The Appraisal of Real Estate, 14th Edition on page 16�-! states: "The boundaries of market areas, neighborhoods, and districts identify thz areas that influence a subject property's value. These boundaries may coincide with observable changes in land use or demographic characteristics. Physical features such as structure types, street patterns, terrain, vegetation, and lot size -- help to identify land use districts. Transportation arteries (highways, major streets, and railroads), bodies of water (rivers, lakes, and streams), and changing elevation (hills, mountains, cliffs, and valleys) can also be significant boundaries." The Subject neighborhood is considered to include the eastern portion of the City of Boynton Beach bounded on the north by the Boynton Canal (C-16), on the south by Woolbright Road (SW 15th Avenue), the east by the Intracoastal Waterway and on the west by Interstate 95. The primary north/south traffic arteries through the neighborhood include Federal Highway (U.S. Highway 1), Seacrest Boulevard and Interstate 95. Interstate 95, located approximately one mile west of the Subject Piroperty, is the principal north/south commuter route along the east coast of Florida. U.S. Highway 1, commonly known as Federal Highway in southern Palm Beach County, also spans the length of Florida's East Coast. Seacrest Boulevard, which extends through the center of the neighborhood, is a 4-laned intercity connector joining Boynton Beach with Hypoluxo to the north and Delray Beach to the south. Neighborhood Data The major east/west traffic arteries in the neighborhood are Boynton Beach Boulevard (State Road 804) and Woolbright Road. Both of these thoroughfares have interchanges with Interstate 95. Boynton Beach Boulevard extends westerly to U.S. Highway 441 (State Road 7) and provides access to Florida's Turnpike. Boynton Beach Boulevard effectively ends at North Federal Highway. Ocean Avenue, which is located two blocks south of Boynton Beach Boulevard, is Boynton's Main Street. The Ocean Avenue Intracoastal Waterway Bridge was recently renovated and provides convenient access to the Town of Ocean Ridge and State Road A -1-A. Woolbright Road also has a modern bridge that also provides access to State Road A -1-A and area beaches. Boynton Beach has historically been considered a retirement oriented community. However, the city has grown rapidly over the past several years and the average age if the population has decreased. The Subject neighborhood is nearly 100c/lo built out and has a mixed housing composition, consisting of older single family (some built as early as the 1920's) and multifamily. Commercial development is concentrated along the major thoroughfares previously discussed and consists of a mixture of commercial, retail, restaurant and office buildings. The majority of the commercial type properties within the Subj- -d- ediate area are retail in nature. Like its sister es of Delray Beach, West Palm Beach and Lake Worth, officials of Boynton Beach have realized that downtown Boynton Beach could be a major asset to the city in general and a redevelopment effort is underway. All of the above cities have had government led redevelopment of their respective downtowns. As a result, property values increased in these areas. Boynton Beach seeks to mirror this success in their city. The City of Boynton Beach started its redevelopment plan of the downtown area with the Promenade Parke and the Marina Village mixed use project. These projects include a marina with boat slips, condominium apartments, street -level commercial and retail shops, a parking garage and boardwalks through the mangroves to the Intracoastal Waterway. Marina Village was completed in 2006 during the peak of the rising real estate market. The project sold out quickly with many units being purchased by investors. However, the real estate market collapsed shortly ther- - r erous foreclosures and a large inventory of units with no demand. Another large-scale mixed use project called Casa Costa was completed in 2008 at the northeast corner of East Boynton Beach Boulevard and North Federal Highway. This project added an additional 393 condominium apartment units and street -level retail space to the area at the collapse of the real estate market. W Construction recently •-•. • a new mixed use project called 500 Ocean located on the southwest corner of Federal Highway and Ocean Avenue. This project will include 341 luxury rental apartments, 13,300 square feet • retail, 6,600 square feet • • space and a 664 -space integrated parking garage. Completion is anticipated to be Fall of 2016. The City of Boynton Beach redevelopment agency's board agreed to fund $4.4 million over a 10 -year period after the project is completed, using taxes created by the project. The City of Boynton Beach and the surrounding area enjoy good community services. Bethesda Memorial Hospital is located on Seacrest Boulevard. Other medical facilities and nursing homes are within a short distance. There are currently 18 churches representing all major denominations within the city limits. The Subject neighborhood has excellent access to public elementary, junior high, and high schools in Boynton Beach, as well as a variety of private and church supported schools in the area. All municipal services, including police and fire protection, public library facilities, garbage and trash collection, are available to most properties within the Subject neighborhood from either the City of Boynton Beach or Palm Beach County. Amn Overall the Subject Neighborhood should see extensive redevelopment in the future. Two large mixed-use projects were completed at the peak and/or after the collapse of the real estate market. As a result, there was a significant oversupply of available residential units and retail space. The real estate market has improved and the market activity for redevelopment properties in the neighborhood is increasing. We expect this trend to continue and that redevelopment will resume as the real estate market improves and the supply of available residential units and retail space diminishes. i U. Property Data The Subject Property is located on the southeast corner of North Federal Highway (U.S. Highway 1) and Boynton Beach Boulevard in the City of Boynton Beach, Palm Beach County, Florida. The property address is 222 North Federal Highway, Boynton Beach, FL 33435. 1T14 710470111IT1717 The Subject Property is zoned CBD, Central Business District, by the City of Boynton Beach. The purpose of the CBD zoning district is to implement the mixed use (MX) and mixed use core (MX -C) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to provide a highly visible community focal point integrating office, retail, and residential uses concentrated in the historic downtown and marina district. In addition, this district is considered the predecessor to the urban mixed use zoning districts, particularly, the mixed use -high intensity district. The uses allowed in the central business district are intended to serve the entire community, create a high volume of pedestrian activity, provide business, recreation, and residential opportunities, and maximize the potential of the waterfront. Setbacks are zero feet on the front and interior side, 20 feet to the rear and 8 feet on the corner. The Subject Property is designated MXC, Mixed Use Core, by the City of Boynton Beach, which is consistent with the current zoning. ON -A —AJ Property Data The Subject property has an irregular shape and contains 20,999 square feet or .41, acres. The site has frontage on and exposure to North Federal Highway, Boynton Beach Boulevard and N.E. 6th Court. However, due to the small size, narrow shap.- and proximity to a signalized major intersection, physical access is only available from the east via N.E. 6th Court. a. 4 uonr,41 IWU4 WIMAN". wv- 6u 4 91 Jl' xtm AARUE 0,01 - M-1 l==1111MA I �-- a We have not been provided a title search for the Subject Property. Based upon our review of the survey and public records, the Subject Property has no obvious adverse easements or deed restrictions. In 1985, the Florida Legislature enacted the Local Government Comprehensive Planning and Land Development Regional Act (Chapter 163, Part II, Florida Statutes), commonly referred to as "The Growth Management Act". W� Property Data In 2011 the state legislature rescinded this law, and now each county can address almost all of these factors as they wish. Sanitary sewer, solid waste, drainage, and potable water are the only public facilities and services subject to the concurrency requirement on a statewide basis. If concurrency is applied to other public facilities, the local government comprehensive plan must provide the principles, guidelines, standards, and strategies, including adopted levels of service, to guide its application. In order for a local government to rescind any optional concurrency provisions, a comprehensive plan amendment is required. An amendment rescinding optional concurrency issues is not subject to state review. To the best of our knowledge, we are not aware of any concurrency issues with the Subject Property. FPL and AT&T provide electrical and telephone services to the area. Public water and sewer service is provided by the City of Boynton Beach. Topg=phy The Subject site is level and at the approximate grade of the adjacent roads. Our on-site inspection revealed no obvious signs of drainage problems. Census Tract The Subject Property lies within Census Tract 0061.00. 2015 FEC Geocode Census Report Addrass� Zk N FEDERAL RITY ROTNTON SEACH, FL, 33435 MSA. 48424 - WEST PALM BEACH-BOCA RATON-DELRAY BEACH. FL State, 12 - FLORIDA County: 099 - PALM BEACH COUNTY Trwt Coda� CiT.6 100 Tract Income Level Underserved or Distressed Tract 2M FrAIEC EsTmated MSA'M11non-M",, MD Median Family �nccma 205 Estimated Tract Median Family Income 2010 Tract Median Farnity Income Tract Median Faml� income % TvaetMln ttyP�R hucn__ cupmd Units I- to 4- Famii� Units "V1 Property Data OTONEOWWWWATT The Subject Property lies within Flood Zone "Baccording to the Flood Insurance Rate Map (Panel Number 120196 0003 Q prepared for the National Flood Insurance Program of the U.S. Department of Housing and Urban Development (HUD.). Flood Zone "B" includes "areas between limits of the 100 -year flood and 500 -year flood; or certain areas subject to 100 -year flooding with average depths less than one (1) foot or where the contributing drainage area is less than one square mile; or areas protected by levees from the base flood". Assessed Value and Taxes The 2015 assessed value for the Subject Property is as follows: 2015 Maricet Value 2015 Assessed 2015 Folio Number Land Impmvements Total Value Taxes 08-43-45-27-02-000-0010 $532,716 $0 $532,716 $514,457 $0 Since the Subject Property is under public ownership, there are no real estat-. �a,yes. TWO =OT linzotmrs It should be noted that this office has not performed a title search, nor has a title search been provided. According to the Palm Beach County Public Records, the Subject Property has been under the ownership of Boynton Beach Community Redevelopment Agency for more than five years. To our knowledge, the Subject Property was not listed for sale or under contract as of the appraisal date. Improvements The Subject Property is currently vacant, cleared, and landscaped with grass. The north and west boundaries are landscaped with trees and shrubs. There are no building improvements. W11 Highest and Best Use The Dictionary of Real Estate Appraisal, Sixth Edition 2015, by the Appraisa- Institute defines Highest and Best Use on page 109 as follows: E. 'The reasonably probable use of property that results in the highest value. The four criteria that the highest and best use must meet are lega' permissibility, physical possibility, financial feasibility, and maximurr. productivity." F�. "The use of an asset that maximizes its potential and that is possible, legally permissible, and financially feasible. The highest and best use may be for continuation of an asset's existing use or for some alternative use. This is determined by the use that a market participant would have in mind for the asset when formulating the price that it would be willing to bid. (IVS)'" 3. "'The highest and most profitable use for which the property is adaptable anle needed or likely to be needed in the reasonably near future. (Uniform Appraisal Standards for Federal Land Acquisitions)." To estimate the Highest and Best Use of the Subject, we have considered those uses which are legally permissible, physically possible, financially feasible, and maximally productive. Consideration was given to individual features of the land such as size, shape, location, access to roadways, and the availability of utilities. Consideration was also given to the surrounding land uses and the demand for property in the current real estate market. It is our opinion that the Highest and Best Use of the Subject Property is for future commercial development. The reasons for this conclusion are as follows: immmmno Mn M The Subject Property is zoned for commercial development by the City I Boynton Beach. It lies within an area designated for mixed use (commerd and residential) by the City of Boynton Beach Future Land Use Plan. JuMMMIM The Subject Property consists of .48 acres located on the high -traffic intersection of North Federal Highway and Boynton Beach Boulevard. The site has frontage on and exposure to North Federal Highway, Boynton Beach Boulevard and N.E. 6th Court. However, due to its small size, narrow shape and proximity to a signalized major intersection, physical access is available only from the eastern boundary via N.E. 6th Court. In addition, its relatively small size and narrow shape significantly restrict the future commercial W Highest and Best Use development potential and flexibility. Due to these factors, it is our opinic that the development potential of the Subject Property would be great increased if done so in conjunction with the adjacent property. Financially Feasible During the residential nousing boom, numerous properties were purchase along the Federal Highway corridor for mixed use redevelopment. Howeve the real estate market collapsed along with the national economy and th demand for redevelopment properties ceased. Vacant land prices decline drastically between 2006 and 2008. The rate of decline decreased durin 2009 and began to stabilize in 2010. The market activity for redevelopmer properties has increased during the past two years and land values appear t be stable at this time. We expect this trend to continue as the real estat market improves and redevelopment becomes feasible again. In our opinior development of this site could be considered at this time as the mark( continues to improve. Maximally Productive It is our opinion that the maximum productivity of the Subject could b realized with future commercial development. The adjacent property ownc would be the most likely purchaser. W Land Value According to the 14 th Edition of The Appraisal of Real Estate on page 44, the valuation of land begins by identifying the real estate and property rights valued, any encumbrances, use restrictions, and the land's physical characteristics. An appraiser can use several techniques to obtain an indication of land value: • Sales Comparison • Extraction • Allocation • Subdivision Development • Land Residual • Ground Rent Capitalizatior. Usually the most reliable way to estimate land value is by sales comparison. When few sales are available, however, or when the value indications produced through sales comparison need additional support, procedures like extraction or allocation may be applied. In the case of the Subject Property the only approach used was the sales comparison approach. - . F--1Q1JW!J0t@rA I In order to estimate the value of the Subject Property, a search was made for recent sales of vacant land within the Subject's market area. Our search was concentrated on small vacant commercial properties located in the eastern portion of the City of Boynton Beach close proximity to the Federal Highway corridor. We analyzed the Subject Property and the comparables on a price per square foot of land area basis, which is the most common unit of comparison used by participants in the market for this property type. All of the comparables were considered with regard to property rights appraised, financing, conditions of sale, time or market conditions, location, size, site quality and main road exposure. M, Land Value Ana!ysls tur search revealed five sales of properties purchased for redevelopment that were considered to be suitable for direct comparison to the Subject. As shown below, the comparable sales indicated non -adjusted values ranging from $14.88 to $24.06 R er square foot. W Vacant Land Sales Callaway & Price, Inc. *15-74029 Sale Number Su§ject 1 - - -- - ----------------- - 2 -- ------------------------------ 3 ----- 4 5 Record ID Number 9056 9055 8499 SSW 8501 ORBK/PG 27636/849 27562/1854 26638/879 26546/1 26486/1926 Effective Sale Price $130,000 $4,710,000 $345,000 $550,000 $700,000 Size - Aares 0.48 0.20 4.52 0.33 0.74 1.06 Size - Sq.Ft. 20,999 8,736 196,766 14,337 32,069 46,337 Price Per Sq.Ft. $14.88 $23.94 $24.06 $17.1S $15.11 Southeast Southwest East side of comer of North side of corner of Northwest Northwest North Federal North Federal East Ocean South Federal comer of corner of East Highway Location Highway and Avenue, 60 Highway and North Federal Ocean Avenue between NE East Boynton feet east of East Ocean Highway and and the FEC 4th and 6th Beach NE 3rd Street Avenue NE 1st Avenue Railroad Avenues Boulevard City Boynton Boynton Boynton Boynton Boynton Boynton Beach Beach each Beach Beach Beach to of Sale Jun -15 May -15 Feb -14 Dec -13 Dec -13 to of Value Dec -15 Zoning CBD C2 MU -H CBD C2 CBD Conditions of Sale 0% -10% 0% 0% 0% Market Condition Adj. 0% 10% 5% 50/0 5% Adjusted Price Per Sq.Ft. $14.88 $23.94 $25.27 $18.01 $15.86 ' I A4justments — — ----- - — Location 0% 0% 0% 0% 20% Size 0% 0% 0% 0% 0% Site Qualitty 0% 0% -10% 0% 0% Main Road Exposure 250/a 0(/o 0% L 25% 1_0_% �l Ph skal A4justment: 25% 0% -10% 25% 30% Aglusted Price Per Sg.Ft. 118.60 123.94 22.7 22.S1 �2 LOW $18.60 High $23.94 Average $21.68 W fLand Value Analysis - cia .. f iubn tether AM Jr Blvd Ridder Rj NE.. 1h _Ave: J NE. 9th Ave NE M Ave h Ave h E itti Ave NEAnCC _. _..; SIE 5th Ave` Airs NW 4th Aye NE 41h Ave � ; `� S NE 41h Ave ' NE 3rd Ava . NW .I st Ave _ V;. NE 1st Me ,i _ _lu _ Ocean Ave E 4cea ti i } I C/6 f I SW Tet A.... ?r. SE .1St Ave ot E grad Ave ub. MN n'd:Ave ..... SE. 2nd, Ave. � a SW '3rd Ave: 3rd Ave CLE SE 4th Ave M , ... 'SEI eh Ave Sid Eth.Aue SE 6th Ave SE.Sth Aii I 7171 Ave SE.Ith Ave Kapm, Dr SWM' .Ave_.._. _ S_Dt1.AY$. f Et%n rear Dir SW 9th lava... __ -- SE .9th A e j �y90f. SW 10th Ave "--' - , SE 1[nh Ave SE. 10th .Avg L cocociut in M QoW.ge* C and(P! 1M-2612 Mier I CafpaafiwanNcrils wpoim AOng* mwwd Ntp'hYx.umCm 1. Csmmn frappirg m'd Oredon am C 2g9? NAVTE® AN ngnh; rdaum4 TM Mj k r arr.& f)fC&m(6 wsAj b Iriafnatim bmf wdh perm:s€ien Msde Caixtim7 Aides, intl[dlrtl: C Fier Maps9y tlfa 3u0&5in11o9C.mO.A9PYa Pdit�9w 411gdu. PrHV9EC aed NAVTEfi rtfl BCUA�aoab�NAV9Era �92J12 Talodtlos Narth Amsnca, Irn. Al ngK5 r0§a4'4d. TfAr MnsdWoAdds Wdh Amaieo we toils ark- oMlo Atli• IM, s72612brhppgod Ci 9rsh,c£olf.LWs NInpFRar .Pfgdpfd �CppyJigis3792 by SFftoddlPfeCic�oB Gap. Ai ngF WNW. w Land Value { ! Land alp No. y U7 - Record ID Property Type Address r 9056 Commercial, Vacant Land 405 East Ocean Avenue, Boynton Beach, Palm Beach County, Florida 33435 North side of East Ocean Avenue, 60 feet east of NE 3rd Street 08-43-45-28-03-005-0080 Lots 8 & 9, less E 30', Block 5, Town of Boynton Robert F. Katz, III, PR & Arthur B. D'Almelda, P East Ocean Avenue, LLC June 24, 2015 27636/849 PB 1, Pg 23 Fee Simple W ' ,C m X j Land Valuei Financing . Gross Land Size Front Footage - M - Tmrwrlauomomm 111 C2, Neighborhood Commercial All upland with mature trees All available Local Retail Commercial 0.201 Acres or 8,736 SF East Ocean Avenue Remarks This property was purchased for investment purposes and future redevelopment in conjunction with adjacent properties. Land Value Analvsis Record .; Property Type Property Name Address Tax ID Legal Descriptior 9055 Mixed use, Vacant Land 500 Ocean 500 East Ocean Avenue, Boynton Beach, Palm Beach County, Florida 33435 Southwest corner of East Ocean Avenue and South Federal Highway 0-43-5-28-03-007-0010 Lengthy Capstone i _Zkye At Boynton May 26, 2015 E7562/1854 Fee Simple +L Land Value Analvsis Conditions of Sale Arm's length Financing Cash to seller Sale Price $4,710,000 Land Data MixedZoning MU -H, Use -High Densit Cleared,Topography all upland and useab utilities All available Shape Rectangle Land - Plan Mixed Use Core Land Size Information Gross Land Size 4.517 Acres or 196,766 SF Front F. .uth Federal Highway;Ocean Indicators Sale Price/Gross Acre $1,042,698 Sale Price/Gross SF $23.94 .4 ELeMgrks This property was under contract for approximately 2 years while approvals were being obtained. The site is being developed with a mixed use project called 500 Ocean. It will include 341 luxury rental apartment units, 13,300 square feet of retail, 6,600 square feet of office space and a 664 -space integrated parking garage. Construction has begun and the anticipated completion date is Fall 2016. The City of Boynton Beach will participate funding $4.4 million over a 1 -year period after the project is completed, using taxes created by the project. W .. .- Property Address Tax ID Legal 8499 Commercial, Vacant Land 209 North Federal Highway, Boynton Beach, Palm Beach County, Florida 33435 Northwest corner of North Federal Highway and NE 1st Avenue 0-43--2-03-001-0121 E1/2 of Lot 12, Lot 13 & 14 less 10 feet, Block 1, Original Town of Boynton .• Properties, 09 N. Federal, February .. • Pg 23 SimpleFee W e., .ywwwp .t W4i Value Land l Land Sale No. 3 . Conditions Arm's length Financing Cash to seller Sale Price 00 Land Zoning CBD, Central Business District Topography Previously improved Utilities All available Land Use Plan Local Retail Commercial Land Sizer do Gross Land Size0.329 Acres or 14,337 SF Front Footage North Federal Highway; NE 1st Avenue Indicators Sale Price/Gross - $1,048,211 Sale Price/Gross SF $24.06 Remarks This property was purchased for investment purposes and future redevelopment. It was improved with a 59 -year old office building containing 1,035 square feet at time of sale. The buyer is renting the building until redevelopment occurs. It is currently used for an ice cream parlor called The Boardwalk Italian Ice & Creamery. -01 4...3:x.,.. tLand Value Aqg!ysis ,. -Gross Land SizeFront Footage ,. t Land Sale No. 4 (Cont®) C2, Neighborhood Commercial Previously improved All available Local Retail Commercial r or 32,069 SF StreetEast Ocean Avenue; NE 3rd mum e arks This property was purchased for investment purposes and future redevelopment in conjunction with adjacent properties. It consists of two parcels, one fronting East Ocean Avenue and one fronting NE 3rd Street. flE Land Value i Land Sale p y.,nmlantmj Record F- Property Type A p- N. K-1714 1.117 Tax ID Legal Descriptior Commercial,8501 01 North FederalBoynton County,Beach • . 33435 Ith Avenues 18-43-45-22-05-000-0010 r"002-0010 • s Boynton Beach Property Partners, LLC St. ark's Square, LLC December 03, 2013 26486/1926 Fee Simple Arm's length 9E Land Value l Financing Cash to seller Sale Price$700,000 i Zoning CBD, Central Business District Topography Previously improved Utilities All available Land Use Plan Mixed Use Land ie 3[nf_armption Gross Land Size 1.064 Acres or 46,337 SF Front Footage North Federal Highway; NE 4th Avenue; NE 6th Avenue Indical2m Sale Price/Gross $658,049 Sale Price/Gross 15.11 RgmarjK& This property was purchased for investment purposes and future commercial development. KR Land Value Analvsis Woror-TWAIM, GZ-Y*11W7-= All the comparables in this analysis involved the transfer of a Fee Simple Estate basis, with the buyers receiving full property rights ownership. We are also unaware of any adverse deed restrictions or any other property rights limitations which would have affected the sales. Therefore, no adjustment was considered necessary for property rights conveyed. The transaction price of one property may differ from that of a similar property due to atypical financing arrangements. In a case where favorable financing is established, a cash equivalency adjustment is often necessary. However, all of the sales analyzed herein involved either market terms or cash to Grantor. Therefore, no adjustments were made, nor any cash equivalency performed. Condons of Sale Adjustments for conditions of sale usually reflect the motivations of the buyer and seller at the time of conveyance. Within the confirmation process, detailed attention was made to ensure the conditions of each sale. The majority of the sales required no adjustments for conditions of sale. Sale 2 was purchased for a new project that is being partially funded by the City of Boynton Beach and this appears to have had an effect on the price paid for the land. Therefore, we have made a downward conditions of sale adjustment to Sale 2 for this factor. Market conditions generally change over time and may be caused by inflation, deflation, fluctuations in supply and demand, or other factors. The sales occurred from December 2013 to June 2015. Overall, market conditions have improved since the earliest sale date and we have adjusted Sales 3, 4 and 5 upward for this factor. We have also adjusted Sale 2 upward as it was originally contracted 2 years prior to its closing, while approvals were being obtained. Sale 1 was considered to be representative of the current market. Location The Subject Property is considered to have a good location for future commercial development at the corner of Federal Highway and Boynton Beach Boulevard in downtown Boynton Beach. The majority of the Sales are similar to the Subject being located in the City of Boynton Beach Core redevelopment area between East Boynton Beach Boulevard and East Ocean Avenue. Sale 5, which is located four blocks just north of the Subject, but out of the Core area, was considered to have an inferior location compared to the Subject and an upward adjustment was applied for this factor. W 20,999 Sq.Ft. X $21.00 PerSq.Ft. = $440,9-11,11 20,999 Sq.Ft. X $23.00 PerSq.Ft. = $482,91 th ■o a 07MMMON SOUTH ROMDA 1410 Park Lane South, Suite 1 Jupiter, FL 33458 561.68&0333 j 561.696,3705 Fax Michael R. Stacie, MAL SRA, CRE Cert Gen RZ116 mrsbcom Stephen Q Show. MAI Cert Gen RZ1192 sdwpbcom RolhertA. Callaway, MR1CS Cert Gen R72461 racDcpwvpbcom TREASURE OWT 1903 South 26hStmet, suite 1 Fort Pierce, FL 34947 772.464AS07 J 772.461 AM Fax StumL', 712.287,3330 Stephen G. Bill, Jr, MAI Cert Gen RZ2480 s.neililiawayandpriceeom 44,111 ►]:17L1 2816 L Rpblrnon SUM Orlando, FL 32803 Phone (321)726.0970 Fax (321)726-0384 Curtis L Phillips MAI Cert Gen RZ2085 elpsepmel,corn SPACE COAST 1146"1 Suite 3 Indialarnic, FL 32903 Pharm , (321)7264M70 Fax (321)726.0384 Curtis L. Phillips, MAI CertGen RUX16 ciprl'wM&COm Callaway & Price, Inc. Real EstateLicensed Real Brokers BoyntonTheresa Utterback 1 North Boynton • • . to P& I I A I - ■ 111 . .. 1 -19 This report will be prepared for our client and intended user, Boynton Beach CRA. The Intended use Is to assist the client fbr Internal decision making. The scope of work perfbrmed Is specific to the needs of the Intended user and the Intended use. No other use is intended, and the scope of work may not be appropriate for oft, er uses. The fee would be $1,900. The fee is due and payable upon tellvery of the report. We will provide a PDF of the final mport ■ a hard copy upon OTt 711111• • : : • • Theresa Utterback Boynton Beach r, Yecemberf '%ge Two The Boynton Beach Community-{':- - ■ - Agency is public l subject o Chapter 119, Florida Statutes. The Contractor shall comply with Florida's Public Records ■Contractor 1. Keep and maintain public records that ordinarily and necessarily would be required by the CRA In order to perform the service; 2. Provide the public with access to such public records on the same terms and conditions that the CRA would provide the records and at a cost that does not exceed that provided In chapter 119, Fla. Stat., or as otherwise provided by law; 3. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authotized by law; and • ■ 1 - { E i� - Y it = � . r {� c M;/ ■' The failure of Contractor to comply with the provisions set forth In this agreement/contract shall constitute a Default and Breach of this Agreement, If Contractor falls to cure the default within seven (7) days' notice from the CRA, the CRA may terminate - Agreement. Theresa Utterback Boynton Beach CRA December 4, 2015 Page Three If the above is agreeable to you, please rJgn below as our authorization and returr- it so that we may begin work Immediately. This agreement is subject to thZ Agreements and Condons listed on the attached pages, a copy of which should also be signed and returned to us. Our work will be done in accordance with thZ. Appraisal Institute Code of Ethics and Standards of Professional Practice. Than,1.4 you for the opportunity to be of service. Respectfully submitted, CALLAWAY & PRICE, INC. Stephen D. Shaw, MAI Cert.Gen. RZ1192 SDS/Js Attachments A 5 = Accepted By\Date: Date Name and Title (Printed or Typed): Client Fed ID# or SS*: Boynton Beach CRA 1. Premise: The completed report shall comply with the professional and ethical standards of the Appraisal Institute. The report will be addressed to the or, directed '1 Client. 2. Compenaatlon,., The fee Is due and payable as designated in the contract letter; the retainer Is to be sent to the Appraiser along with the signed contract letter, which constitutes authorizatlon to commence the assignment. The Appraiser's/Consultant's compensation is in no event contingent upon a predetermined value or conclusion. 3. Comi2letiQn. Date '. Every eflbrt will be made to deliver the report as per the specified date in the contract letter. If delays occur for reasons beyond the control of the Appr-alser/CDnsultant, such as not receiving necessary data requested from the Client In a timely manner, changes services ! r of r s' et cetera,r- date shall be extended. 4. Changes: The Appr-aiser/Consultant shall, to the best of his ability, complete the assignment In compliance with professional and ethical standards of the ■• rustry. Changes which are not In keeping with these standards will necessitate a new contract letter and renegotiation of the original fee; or billed a basis plus the original - e. S. Lqocellatlon. This agreement may be cancelled by the Client by written notice, or telephone followed by written notice. AppralserlConsultant shall submit a statement based on professional time and expenses accrued, if applicable, for all services expended to the date of cancellation. 6. AdditionalERRE.. IR Additional fl;^will befurnished 1•,,...request, and prepayment of $1 per page per report. 7. Collection: ll are■ -upondelivery of -final report. BALANCElate charge of 1.5% per month shall be Imposed on balances unpaid 30 days after the statement date. If collection efforts become necessary, all costs for same, including court costs and attorney's fees will be added to the balance due. We are currently operating under an agreement with a collection agency which charges us 53.8%. IF THEIR COLLEMON SERVICES ARE REQUIRED, CLIENT'S TOTAL DUE WILL BE INCREASEDBY r; 9. Confidential Data: Data assembled lbr the assignment will r- . p operty of the Appraiser/Consultant. Data provided by the Client will be hel, In file, unless otherwise instructed by the ClIent, and considered confidentia Appraiser/Consultant Is authorized by the Client to disclose the report t appropriate representative of the Appraisal Institute to comply with th Bylaws and regulations of this professional organization. I hereby agr to the Conditions of Agreement outlined above. Client's Name bafe'd Acceptance UNITING M f 1. Unless otherwise stated, the value appearing in this appraisal represents the opinion of the Market Value or the Value Defined AS OF THE DATE SPECIFIED. Market Value of real estate is affected by national and local economic conditions and consequently will vary with future changes in such conditions. 2. The value estl mated In this appraisal report is gross, without consideration given to any encumbrance, restriction or question of title, unless specifically 3. This appraisal report covers only the property described and any values or rates utilized are not to be construed as applicable to any other property, however similar the properties might be. 4. It is assumed that the title to the premises Is good; that the legal description Is correct; that the Improvements are entirely and correctly located on the property described and that there are no encroachments on this property, but no Investigation or survey has been made. S. This appraisal expresses our opinion, and employment to make this appraisal was In no way contingent upon the reporting of predetermined value ov • ■ 6. i10 responsibility is assumeci for matters legal In nature, nor Is any opinion of title rendered.the performance { ( our invesrigationa■ analysis leading 1. the conclusions reached herein, the statements of others were relied on. No liability is assumed for the correctness of these statements; and, in any event, the appralser's total liability for this report is limited to the actual.fee charged. 7, Neither all nor any part of the contents of this report (especially a conclusions, the identity OF the appraiser or the flInTi with which he connected, or - - - to the Appraisalor of appraiserdesignations) shall be disseminated to the public through advertising med! public relations media, news media, sales media or any other public means communication without our prior written consent and approval. I 8. It Is assumed that there are no hidden or unapparent conditions of t property, subsoil, or structures which would render It more or less valuabi The ■ ■ility. for such conditions or 9. Unless otherwise stated In this report, the existence of hazardous substances, including without limitation stachybotrys chartarum (mold), asbestos, polychlorinated biphenyls, petroleum leakage, 'Chinese drywall' or agricultural chemicals, which may or may not be present on the property, or other environmental 1 ■R:r - notcalled 1the attentiona is did the appraiser become ofsuchduring -appralser4s Inspection.- 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 for ! r or i ■ • presence !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 proximity iR that would cause a lossWe are unaware of very wet conditions that may have existed for days or weeks which are required to grow mold. No responsibirity Is assumed for any such conditions, nor for any expertise or engineering knowledge required to discover them. 10. The Americans with Disabilities became 99 -appraiser -t- _■ compliance !1 ' ' �! Callaway : - January 1999 Senior Appraisal Consultant, Callaway & Price, Inc., since July 1997 — December 1999 Appraisal Consultant, Callaway & Price, Inc., since April 1994 Associate Appraiser, Pinel & Carpenter, Inc., Orlando, April 1992 - March 1994 Appraiser/Researcher, Callaway & Price, Inc., September 1987 - March 1992 Special Magistrate Palm Beach County since 1996 Special.g- Martin County,I 11IT'Iff-MVIAL0r Palm Beach County, Florida Martin County, Florida Broward County, Florida Sarasota County, Florida Bachelor of Science Degree, Business Administration, Major in Real Estate and Finance, University of Florida Appraisal Institute: Course 101 - An Introduction to Appraising Real Property, 1992 Course 201 - Principles of Income Producing Properties, 1991 Course 2-1 - Case Studies in Real Estate Valuation, 1992 Course 540 - Report Writing and Valuation Analysis, 1993 Course 2-3 - Standards of Professional Practice Parts A & B, 1991 Numerous seminars sponsored by the Appraisal Institute Acreage ACLFs Apartment Complexes Automotive Service Facilities Bowling Alleys Commercial Buildings Condominium Projects E=minent Domain Golf Courses Hotels Marinas Mini -Warehouses Office Buildings Office/Warehouses Retail Buildings Resta u rants Special Purpose Properties Shopping Centers Vacant Commercial Land Vacant Industrial Land Vacant Multifamily Pods Vacant Residential Land Vacant Single -Family Subdivisions Warehouses Qualifications - hen 0, Shqw MAZ 01:gan.izations and Affillatfons Appraisal Institute: Experience Review Committee Ethics & Counseling Committee South Florida Chapter Board of Directors Business Development Board Palm Beach County, Member vq-STATE OF FLORIDA DEPARTMENT AND PROFESSIONAL 1 FLORIDA REAL ESTATE APPRAISAL BD 850-487-1395 1940 N. MONROE 4■ s Congratulstiorist With this ticense you become one of the nearly one m lliah Floridians licensed by the Department of Business,and Prolessiorwl Regulation. Our professianaW and businesses range from architects to yacht brokers, from boxers to barbeque restaurants, and they keep Fiorida's economy strong. Every day ws work to impprrova the way we do business in order to serve you better. For Infomiatlori about our servioes,.pieass log onto werw.myfioridalicesise.com. There you tori find rbdre Infomtatrson shout Wr divislon's. and the raguiations that Impadt you, subscribe tQ department newsletters and learn more about the Department's InlNatives. Our mission at the Deparhnent is: License Rfticlently, Regulate Fairly. We constantly strive to serve you better so that you can serve your cus!436Aars, Thank you for doing business in Florida, and congratulations on your now licensel Florida Real Estate Commission, Course 1, 1977 Appraisal Institute: Course 1.01 _ An Introduction to Appraising Real Property, 1978 Course 201 - Principles of Income Property Appraising, 1978 Narrative Report Writing Seminar & R-2 Examination, 1978 Course 1A-1 _ Real Estate Appraisal Principles, 1987 Course 1A-2 - Basic Valuation Procedures, 1987 USPAP Core Law for Appraisers, 1994 Appraisal Review, 1994 Numerous Continuing Education Courses and Seminars by; Appraisal Institute Gold Coast Professional Schools Bert Rodgers Schools McKissock Appraisal School South Florida Water Management District R" _ r d i Agricultural Land Automobile Dealerships Civic Sites Commercial Buildings Condominium Projects Eminent Domain Environmentally Sensitive Lands Gas Stations/Convenience Stores Golf Courses MarketI easibility Studies Warehouses Marinas Office Buildings Regional Malls Retail Buildings Self Storage facilities Shopping Centers Sovereignty Submerged Land Special Purpose Properties Commercial Land Industrial Land Residential Land STATE OF ■ a DEPARTMENT AND RO FLORIDA REAL ESTATE APPRAISAL 81) w 7-1395 •=1 N. MONROE ST TALLAHASSEE FL 32r• + Congraiulationsl With this license you become one c f the nearly one Wilson Floridians licensed by the Department of Business and Profosslonal Regulation. Our professionals and businesses range from architects to yacht brokers, from boxers to barbeque restaurants, and they keep Florida's economy strong, Every day we work to Improve the way we do business In order to serve you better. For informatloh abovt.our servlces, please log orlto wwyv.myflorldalicense.com. There you can find more Information about our dlvislons and the re ulations that Impact you, subscrlba to do hewsletters and learn more about the Department's initiatives. Our mission at the Department is: License Efficiently, Regulate Fairly. We constantly strive to serve you better so that you can serve your customers. Thank you for doing business In Florida, and congratulations on your now ilc� nsel RICK SCOTT, GOVERNOR DEPARTIOENT . A � $TATE. OF FLORIDA STATE QF.FLORIDA Brooks, ; Brooks, Vivian Sent: Wednesday, November 04, 2015 11:48 AM 'Bonnie Miskel' Subject: Accepted: Meeting with Mike Rumpf, Vivian Brooks, et al regarding Ocean One Brooks, Vivian From: Brooks, Vivian Sent: Tuesday, December 01, 2015 5:06 PM To: Bonnie L. Miskel (bmiskel@dmbblaw.com); William Morris (bill@southcp.com) Cc: Davis Camalier (dcamalier@wrepllc.com) Subject: Ocean One Attachments: DIFA Policies 2012-2013.doc Hello Everyone, I hope your holiday was wonderful. We are very excited to see Phase I being planned. I'm attaching the agenda item that was approved by the CRA Board regarding Direct Incentive Funding Agreements. This reflects how the Board is likely to enter into a public/private partnership. Also, as the project moves forward, we can discuss the adjacent CRA owned land. I look forward to working with your team! Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. I Boynton Beach, Florida 33435 o: 561-600-9090 f f: 561-737-3258 FrooksViC@-bbfl.us www.caLchboynton.com � ' 4 M1 — Lft us an Facabook America's Gateway to the Gulfstream IIIII!Iipii� i 1111i I I : 0 I'll I Kew � , 11 � irill I iil� UTs The DIFA projects have been scattered throughout the CRA district and the public purpose has vadeii depending on the project (See Table Below). UI. 1 Create permanent public parking for the Transit Oriented Development Area around the FEC Corridor 2. Redevelop the downtown area as defined in the Downtown Vision and Master Plan (See Attached 3. Creation of jobs in the fields of technology, biomedical, green energy, healthcare or the construction of a corporate headquarters. 4. Location of a specialty food store of at I east 10, 000 sq. ft. i n the downtown a rea as pa rt of a mixed-use project. 5. Development of a flagship hotel in the downtown area. I W RTOKI n K15 I ZIN ROOM= RMI"M C:\Users\brooksvi\AppData\Loca]\MicrosoftNWindows\Temporary Internet Files\Content.Outlook\ZFWlTVVYN\DIFA Policies 2012-2013 (2).doc The 430 N. Federal Promenade Highway NE 4th Street Affordable Housing 717k J - �1= 3613 N. Federal 3100 S. Fed eral Sustainable Enerqv 1 Create permanent public parking for the Transit Oriented Development Area around the FEC Corridor 2. Redevelop the downtown area as defined in the Downtown Vision and Master Plan (See Attached 3. Creation of jobs in the fields of technology, biomedical, green energy, healthcare or the construction of a corporate headquarters. 4. Location of a specialty food store of at I east 10, 000 sq. ft. i n the downtown a rea as pa rt of a mixed-use project. 5. Development of a flagship hotel in the downtown area. I W RTOKI n K15 I ZIN ROOM= RMI"M C:\Users\brooksvi\AppData\Loca]\MicrosoftNWindows\Temporary Internet Files\Content.Outlook\ZFWlTVVYN\DIFA Policies 2012-2013 (2).doc From: Brooks, Vivian Sent: Monday, January 11, 2016 4:55 PM To: Bonnie L. Miskel (bmiskel@dmbblaw.com); William Morris (bill@southcp.com); Davis Camalier (dcamalier@wrepllc.com) : Simon, Michael Subject: Appraisal of 222 N. Federal Highway Attachments: Appraisal -222 N. Fed Hwy-Callaway.pdf Happy New Year everyone! Prior to the holidays I discussed with Bill that I would be getting a new appraisal for the CRA - owned property adjacent to 114 N. Federal Highway since you plan on submitting a Letter of Intent for the property. It came in lower than I expected, $460,000. The Property Appraiser has it appraised at $532,716. It's rare a property will appraise for less than what is on the Property Appraisers website. So I guess this is your lucky year! Please !et me know when you are ready to discuss the process for this to happen. I look forward to working with all of you to ensure a good project for the City and for you. Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 790 N. Federal Hwy. I Boynton Beach, Florida 33435 o: 561-600-9090 1 f: 569-737-3258 BrooksVi@bbfl.us .catch o ton.com Me UO an FW*bCX* America's Gateway to the Gulfstream The information contained in this transmission may be legally privileged and confidential. It is intended only for the use of the recipient(s) named above. If the reader of this message is not the intended recipient, you are hereby notified that you received this communication in error, and that any dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately by reply email and delete the message and all copies of it. F Brooks, Vivian Sent: Monday, March 07, 2016 11:14 AM T: Bonnie L. Miskel (bmiske!@dmbblaw.com); William Morris (bill@southcp.com); Davis Camalier (dcamaiier@wrepllc.com) Cc: Taylor, Jerry; Casello, Joseph; Fitzpatrick, Mike; McCray, Mack; Merker, David Subject: Ocean One Tracking: Recipient Delivery Bonnie L. Miskel (bmi skel @d mbbl aw.com) William Morris (bill@southcp.com) Davis Camalier (dcamalier@wrepllc.com) Taylor, Jerry Casello, Joseph Delivered: 3/7/201611:14 AM Fitzpatrick, Mike Delivered: 3/7/201611:14 AM McCray, Mack Delivered: 3/7/201611:14 AM Merker, David Delivered: 3/7/201611:14 AM Read: 3/7/2016 12:18 PM TaylorJ@bbfl.us Delivered: 3/7/201611:14 AM ►►i r - - oll li ► .► •. ► -► ' � ► -• a ►►- �.- . ► - � � i ►� - - -• . property which would start the statutory disposal process as I discussed below in January. If you can get me the 1-011 will try to walk it on to tomorrows CRA Board Agenda pending our attorneys okay. Thank you. From: Brooks, Vivian Sent: Monday, January 11, 2016 4:55 PM To: Bonnie L. Miskel (bmiskel( c1mbblaw.com); William Morris ( ill soot Q& ); Davis Camalier (dca rna 1 ie r(a w rQp1 Ic. com) Cc: Simon, Michael Subject: Appraisal of 222 N. Federal Highway Happy New Year everyone! Prior to the holidays I discussed with Bill that I would begetting anew appraisal for the CRA - owned property adjacent to 114 N. Federal Highway since you plan on submitting a Letter of Intent for the property. It came in lower than I expected, $460,000. The Property Appraiser has it appraised at $532,716. It's rare a property will appraise for less than what is on the Property Appraisers website. 5o I guess this is your lucky year! Please let me know when you are ready to discuss the process for this to happen. I look forward to working with all of you to ensure a good project for the City and for you. Vivian Brooks, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. I Boynton Beach, Florida 33435 o: 561-600-9090 1 f: 561-737-3258 BrookfflftbfLus I www.catchboynton.com Brooks, Vivian From: Brooks, Vivian Sent: Monday, March 07, 2016 11:15 AM To: tduhy@llw-law.com Subject: FW: Ocean One YAUTjW=IWmT3X$1r, =M M=7170-riTs-rd "-% Vivian Brooks,, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. I Boynton Beach, Florida 33435 o: 561-600-9090 i f: 561-737-3258 Brno ksViftbfLus I www.catchboynton.com Lao- to to FW*bCX* From: Brooks, Vivian Sent: Monday, March 07, 2016 11:04 AM To: Taylor, Jerry; Casello, Joseph; Fitzpatrick, Mike; Merker, David; McCray, Mack Cc: Simon, Michael; Rumpf, Michael Subject: Ocean One Dear Mayor, Vice Mayor and Commissioners, last Thursday plans were submitted to the City for the north corner of Boynton Beach Blvd. and Federal Highway. The plans include using the CRA property at 222 N. Federal Highway and a portion of Davis Camaliers property. I advised Mr. Morris and Ms. Miskel that the CRA would need a Letter of intent (see e-mail below) to begin the process of disposing of the CRA property to Mr. Carnalier. To date, I have not received a Letter of Intent. 1070; KINW11 . . statutory disposal process, we will need to get a Letter of Intent from the adjacent property owner or his designated �'* iwpuuxyi� Real Property. I have a call into Tara Duhy to see if we can get this on tomorrows agenda if that is the desire of the Board. From: Brooks, Vivian Sent: Monday, March 07, 2016 12:37 PM Bonnie L. Miskel (bmiskel@dmbblaw.com); William Morris (bill@southcp.com); Davis Camalier (dcamalier@wrepllc.com) Taylor, Jerry; Casello, Joseph; Fitzpatrick, Mike; Merker, David; McCray, Mack; Simon, Michael CRA Board Meeting -March 8, 2016 @ 6:30 pm if we can walk this item onto the CRA Board agenda, can either Bonnie or Bill attend the meeting to answer questions? Thank you Brooks, Vivian_ From: Brooks, Vivian Monday, March 07, 2016 1:35 PM Bonnie L. Miskel (bmiskel@dmbblaw.com); William Morris (bill@southcp.com); Davis Camalier (dcamalier@wrepilc.com) : Taylor, Jerry; Casello, Joseph; Fitzpatrick, Mike; McCray, Mack; Merker, David; Simon, Michael Subject: Ocean One Attachments: Boos Devel Purchase Request Itr.pdf; Notice of Intent to Dispose of Real Property.pdf Tracking: ii t Delivery Read Bonnie L. Miskel (bmiskel @d mbblaw.com) William Morris (bill@southcp.com) Davis Camalier (dca mai ier@wrepl Ic.com) Taylor, Jerry Casello, Joseph Delivered: 3/7/2016 1:36 PM Read: 3/7/2016 3:51 PM Fitzpatrick, Mike Delivered: 3/7/20161:36 PM McCray, Mack Delivered: 3/7/2016 1:36 PM Merker, David Delivered: 3/7/20161:36 PM Read: 3/7/2016 4:05 PM Simon, Michael Delivered: 3/7/20161:36 PM Read: 3/7/20161:36 PM TaylorJ@bbfl.us Delivered: 3/7/20161:36 PM Hi Bonnie, our attorney advises me that I can add the Letter of Intent to tomorrow night's agenda as well as the Notice of Intent to Dispose. I have attached a real example of an 1.01 that the CRA received and acted upon and the subsequent Notice of Intent that was published. Please send the LOI as soon as possible so that I may prepare the agenda items. Thank you. 0 I ! ;', I I 1 1 "T z M. Ms. Vivian Brooks Executive Director Boynton Beach CRA 710 N. Federal Highway considering this submission to redevelop the Property referenced in this package, with an 8 -story, 230 residential unit and 2,675 square feet of retail mixed use project ("Project"). My client believes in investing in urban redevelopment and is especially excited to work with the Boynton Beach CRA in an ............ [2��r .1 ma -Am M into the communitj��v creating iobs and increa-sing thP_n_x_LP_sPh_uthkLW�VvVng brings new upscale housing downtown to the area with more disposable income for the surrounding btisinesses. rh-TeTUPUETS • arger properIT07M= cent to tne OMEN' Beach CRA small parcel. By consolidating the parcel, the CRA will end up with a unified development covering the entire block. The Project is the first phase of redevelopment of the overall block. More commercial and residential !Z; planned for the second phase. To construct the Project, the Property Owner is seeking the support and f pproval of the Boynton Beach CRA to sell its parcel to the adjacent owner. The parcels collectively P -tI contain approximatelvB6,-3O9s-quar-pl-p-e highway and Boynton Beach Boulevard, Boynton Beach, Florida. 111!11 F" Her IS PTUPOSIng Inal Me �_ftA Sell lLb pF up er Lf LU tHe frupertTl rate of ten dollars. and an aerial showing the location. Sincerely, Bonnie Miskel, Esq. BM/rmm 14 SE. 41kh Wool, ;,kWrr N, Rog "i P"Mom, S 3 (10 F o x 6 111, 0 231`111 C VU AVMNIIH Bit 666clulK NOW mlou "Ira IMM Was q%gq INIO nag Vd ls;o2jlqojV 'DOS SV V VS0Ml3M3-MVWGRRX4-XHO3 EUIRWO ERAMMA 7q�*l .t,V&N"Ad Yd SJo72ig MI ---, 7m�t—T— r4 . v .o t Non umn m "fir-m-of glom -In-w '.altl I-nn t-tv qt"r wx FOR W *3249-W '30SSV V YSON130-MYNG33IM-MU03 66AE-m-cor ME 'PlioLd 4vv%wl pnqpq P-M qam 'Nu cum Yd '513211PW 'OOSSV V VSONIONU-NMEHA-99HOD m 666E.9n,ot glarf vp$fak[ "Xrj roMyj P=lt 13jgJ3 Yd s732j!qojv -Oossv v vsomioma- xvwaaaua - MRHOO CH Homestead Exemption M Pro �� V � � P I Location Address 114 N FEDERAL HWY i Municipality BOYNTON BEACH Parcel Control Number 08-43-45.27-01-000-0410 Subdivision DEWEYSSUBIN Official Records Book 28011 Page 847 Sale Date DEC -2015 Legal Description DEWEYS SUB LT 41 (LESS N FEDERAL HWY, E OCEAN AVE, E 25 FT NE 6TH CT SE RTN CRV AREA R S) Mailing address Owners 1629 K ST NW STE 1200 OCEAN ONE BOYNTON LLC i WASHINGTON DC 20006 1694 Sales Date Price OR Book/PageSale Type Owner 1 E-2015 $10 28011 /0847 QUIT CLAIM OCEAN ONE BOYNTON LLC FEB -2005 $9,000,000 18193/ 1325 WARRANTY DEED ONE BOYNTON LLC DEC -1997 $1,700,000 10134 / 1078 WARRANTY DEED DEC -1997 $100 10134/ 1075 QUIT CLAIM No Exemption Information Available, Number of Units 0 *Total Square Feet 0 Acres 3.0130 Use Code 1000 - VACANT zoning CBD - Central Business (08-BOYNTON BEACH COMMERCIAL ) Tax Year 2015 2014 2013 Improvement Value $36,428 $37,567 $36,735 Land Value $2,651,169 $3,347,360 $2,362,842 Total Market Value 52,687,597 $2,800,000 $2,399,577 AIR values are as of January 1 st each year 2015 2014 $2,687,597 $2,639,535 so $0 $2,687,597 $2,639,535 2015 2014 1 $2,399,577 SO $2,399,577 01 $54,468 54,310 $58,778 Propert", pr 1, K j", Ap a ® @ r Location Address 222 N FEDERAL HWY Municipality BOYNTON BEACH Parcel Control Number 08-43-45-27-02-000-0010 1 Subdivision FUNK BROS ADD IN Official Records Book 14347 Page 1565 Sale Date OCT -2002 Legal Description FUNK BROS ADD LT 1 LYG S OF & ADJ TO NE 2ND AVE R/W (LESS 5 FT NE s 6TH CT, W 2 5 FT & RTN CRV AREA N FED H S) & LT Mailing address Owners 710 N FEDERAL HWY BOYNTON BEACH CRA BOYNTON FL 33435 3910 Sales Date Price OR Book/Page Sala Type Owner h OCT -2002 $900,000 14347/ 1565 WARRANTY DEED BOYNTON BEACH CRA APR -1990 $570,000 06409/0958 WARRANTY DEED MAY -1989 $570,000 06347/ 0182 WARRANTY DEED DEC -1981 $490,000 03638/0775 WARRANTY DEED DEC -19 0 $426,000 03418/0912 WARRANTY DEED �2 Exemption Applicant/owner Year Detail BOYNTON BEACH CRA 2016 FULL: CRA'S AND DDA'S Number of Units 0 Total Square Feet 0 Acres 0.4748 Use Code 8900 -MUNICIPAL Zoning CBD - Central Business ( 08-BOYNTON C ) Tax Year 2015 2014 2013 Improvement Value $0 $0 $11,491 Land Value $532,716 $527,442 5413,680 Total Market Value $532,716 $527,442 $425,171 All values are as of January 1 st each year Tax Year 2015 2014 2013 Assessed Value $514,457 $467,688 $425,171 Exemption Amount $514,457 $467,688 $425,171 Taxable Value s0 $0 $0 Tax Year 2015 2014 2013 Ad Valorem $0 $0 $0 Non Ad Valorem so $0 so Total tax $0 so so B TO N"f OYN =BEACW,CRA [- I -Consent Agenda I I Old Business IX I New Business I I Legal I I Information AGENDA ITEM: XIV.G. SUBJECT: Consideration of Publication of a Notice of Intent to Dispose Real Property for CRA - Owned Property Located at 222 N. Federal Highway SUMMARY: If the CRA Board accepts Ocean One's Letter of Intent for the CRA's property located 2t 222 N. Federal Highway, a Notice of Intent to Dispose Real Property must be issued and published in a newspaper per FSS 163.3. Attached is the proposed Notice of Intent to Dispose Real Property. CRA PLAN, PROGRAM OR PROJECT: Downtown Vision and Master Plan RECOMMENDATIONS: Approve issuance and publication of the attached Notice of Intent to Dispose Real Property. Vivian L. Brooks Executive Director T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTSkCompleted Agenda Item Request Forms by Meetng\CRA Board\FY 2015 - 2016 Board MeefingsWarch 2016\Notce of Intent Ocean One.docx i 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 March 8, 2016 which parcel is more particularly identified as follows: 222 North Federal Highway, Boynton Beach, FL 33435 PCN - 8-43-45-27-02-000-0010 LEGAL DESCRIPTION. (TAKENFROM WARRANTYDEED DATED DECEMBER 4, 1981) LOTS 1 AND 2, EXCEPT THE EAST 25.00 FEET THEREOFAND EXCEPT THE WEST 25.00 FEET THEREOF, AS SHOWN UPON THE PLAT ENTITLED ' `AGREEMENT PLAT ", SHOWING PROPERTY IN THE NORTHWEST QUARTER (N. W. 114) OF THE NORTHWEST QUARTER (N. W 114) OF SECTION 27, TOWNSHIP 45 SOUTH, RANGE 43 EAST, IN THE TOWN OFBOYNTONBEACH, FLORIDA. WHICH PLAT IS RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT WAND FOR PALM BEACH COUNTY, FLORIDA, IN PLAT BOOK 10, PAGE 2; LESS RIGHT OF WAY CONVEYED TO THE STATE OF FLORIDA, AS MORE PARTICULARLY DESCRIBED IN OFFICL4L RECORD BOOK 564, PAGE 180, PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA; SAID LANDS SITUATE LYING AND BEING IN PALM BEACH COUNTY, FLORIDA. SUBJECT TO RESTRICTIONS, RESERVATIONS, EASEMENTS AND COVENANTS OF RECORD, IF ANY, TO THE EXTENT THAT SAME ARE VALID AND ENFORCEABLE. DESCRIPTION. (TAKEN FROM SPECIAL WARRANTY DEED DATED OCTOBER 3, 1960 IN OFFICIAL RECORD BOOK 564, PAGE 180) LOTS 1 AND 2, AGREEMENT PLAT, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK ]OAT PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA; BEING ALSO DESCRIBED AS LOTS 1 AND 2, FUNK BROS. ADDITION PER PLAT BOOK 2, PAGE 13; WHICH LIES WITHIN 50.00 FEET EASTERLY OF THE WEST LINE OF SECTION 27, TOWNSHIP 45 SOUTH, RANGE 43 EAST, AND it T P,. T OF THE A FOREMENTIONED• T I OF SECTIONEXTERIVAL AREA FORMED BYA 12 FOOTRADIUS ARE TANGENT TO THE NORTH LINE OF SAID AND TANGENT TO A LINE 50. 00 FEET EAST OF AND PARALLEL TO THE WEST L11VE OF SAID SUBJECT , ROAD 5, SAID PARTS CONTAlNEVGO062 ANA CRE. MORE OR LESS. IM A/ F-Tollway.I 1 l gDo if COMMENCING AT THE NORTHWEST CORNER OF LOT 1, AGREEMENT PLAT, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 10, PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA: THENCE RUNSOUTH 89 DEGREES 45'09 " EAST ALONG THE NOR THLINE OF SAID LOT 1, A DISTANCE OF 37.28 FEET TO A POINT ON THE SOUTH RIGHT OF WAYLINE OF N. E. 2ND AVENUE AS NOW LAID OUT AND THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 89 DEGREES 45'09 " EAST ALONG SAID SOUTH RIGHT OF WAYLINE AND ALONG THE NORTH LINE OF LOT 1, A DISTANCE OF 254.12 FEET TOA POINT ON THE WEST RIGHTOF WAYLINEOFN.E. 67H COURT ASNOWLAID OUT; THENCERUN SOUTH01 DEGREES 23'56 " EAST, ALONG SAID WEST RIGHT OF WAY LINE, A DISTANCE OF 54.89 FEET TO A POINT OF CURVATURE, CONCAVE TO THE NORTHWEST SAID CURVE HAVING A RADIAL BEARING OF SOUTH 88 DEGREES 36' 04" WEST; THENCE RUN ALONG THE ARC OF SAID CURVE TO THE LEFTA DISTANCE OF 40.02 FEET TO THE POINT OF TANGENT, SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 42'50 ", A CHORD BEARING OF NORTH 47 DEGREES 15' 21 " WEST AND A CHORD DISTANCE OF 35.88 FEET; THENCE R UN SO UTH 86 DEGREES 53'14 " WEST, A DISTANCE OF 41.94 FEET TO A POINT; THENCE RUN NORTH 76 DEGREES 26'58 " WEST, A DISTANCE OF 50.34 FEET; THENCE RUN NORTH 89 DEGREES 45'09 " WEST, A DISTANCE OF 129.70 FEET TO A POINT OF CURVATURE CONCAVE TO THE SOUTHWEST,• THENCE RUNALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 31.87 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF STATE ROAD NO. 5 (FEDERAL HIGHWAY) ASNOWLAID OUT, SAID CURVE HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 17'55 ", A CHORD BEARING OF SOUTH 44 DEGREES 35'53 " WEST AND A CHORD DISTANCE OF 28.60 FEET, THENCE RUN NORTH 01 DEGREES 03'04 " WEST ALONG SAID EAST RIGHT OF WAY LINEA DISTANCE OF 29.69 FEET TO A POINT OF CURVATURE TO THE NORTHEAST, THENCE R UN ALONG THE ARC OF SAID CURVE TO THE RIGHT A DISTANCE OF 19.12 FEET TO THE POINT OF BEGINNING, SAID CUR VE HA VING A RADIUS OF 12.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 17'55" A CHORD BEARING OF NORTH 44 DEGREES 35'54 " EAST AND A CHORD DISTANCE OF 17.16 FEET. This intent to dispose of real property serves the public purpose of implementing the 2009 Downtown Vision and Master Plan for a mixed-use development. The Downtown Vision and Master Plan may be viewed at the CRA's website: htR.//catchbo3mton.com/plans-and-docuinents at 710 North Federal Highway, Boynton Beach, Florida, 33435, Telephone Number (561) 737-3256. Alk CRA Advisory Board Meeting Thursday, March 3, 2016 @ 6:00 pm in Chambers at City Hall —100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 561-737-3256 ADVISORY BOARD AGENDA L Call to Order II. Roll Call III. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda IV. Consent: A. Approval of Advisory Board Minutes 2/4/16 V. CRA Advisory Board Rules & Procedures A. Adoption of Robert's Rules of Order VI. Old Business: A. Review of CRA Demographics VII. New Business: A. Overview of Adopted CRA Plans B. Review of CRA Board Meeting Agenda for 3/8/16 VIII. Public Comment: (Note: comments are limited to 3 minutes in duration) IX. Future Agenda Items: A. Overview of CRA Finance and History of CRA Funding — Where does the money come from and where does it go? X. Adjournment NOTICE 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. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRASS WEB SITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRASS WEB SITE CAN BE OBTAINED FROM THE CRA OFFICE. MINUTES OF THE CRA ADVISORY BOARD MEETING CRA OFFICES 710 N. FEDERAL HIGHWAY, BOYNTON BEACH, FLORIDA HELD ON THURSDAY, FEBRUARY 4, 2016, AT 600 P.M. 1:10*14ZIA Linda Cross James DeVoursney Brian Edwards Paula Melley Thomas Murphy, Jr. The meeting was called to order at 6:02 p.m. A A Theresa Ifte•ac , e e opment Services Specialist Steven Grant, Candidate for Mayor Roll was called and it was determined a quorum was present. a Aotion made by Ms. Cross, seconded by Ms. Melley, to adopt the agenda as presented. The .,oard agreed by consensus. � :111111ZI1111�11 Ms. Duhy, from Lewis, Longman and Walker, discussed the Sunshine Law. A memo was .tistributed to the Board regarding the regulations. She explained the matter of public record 2nd retention of (hard -copy) documents. Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2016 Ills. Brooks mentioned that the City usually transmits the agendas and backup via jump drives and asked the Board if they wanted that. If the backup was not too large, she said it could be emailed. B. Rules of Attendance Ms. Brooks reviewed the attendance handout, pointing out the rules for termination from the Board. She said there are no excuses for absences, but members are allowed three per annual term. Com' Ms. Brooks stated that ethics training is required for the Board members and can be done online. It involves watching a video and should be repeated every three years. Ms. Brooks advised she sent out suggested agendas for the next few months to provide a glimpse of what is to come. The budget season will begin in the summer, and this Board will be making recommendations on that to the CRA Board. She hoped they would have a joint budget workshop with the CRA Board. Ms. Brooks announced there would be a public workshop on the consolidation of the CRA plans at City Hall on March 2, 2016. V. Nomination of Chair and Vice Chair — deferred to end of meeting rTis. Brooks said the CRA was created by the City under State Statute 163.3, and she presented a map of the CRA boundaries. She advised that an area has to have a "slum and blight" designation in order to create a Community Redevelopment Agency. Vill. CRA Staff Positions and Responsibilities Ms. Brooks introduced herself, Michael Simon, and Theresa Utterback — administrative staff for the CRA. She explained the organizational chart that was in the backup. Ms. Brooks said that Susan Harris is the Finance Director; she just conducted their seventh audit, with no findings. Ms. Brooks continued introducing CRA staff. N I I woq'T 1� =1 = I ffis. Brooks presented Jeffery Oris, who teaches "CRA 101" and other classes all over thg state. He gave an overview of his background. 0 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2016 Mn Oris began a PowerPoint presentation - "CRA Basics." Highlights of his presentation F! y:... • Members of the Board must rely on the CRA attorney for interpretations of the Statutes • Authorization for CRAs --1969 • 217 CRAs now registered in Florida • CRAs are Tax Increment Districts • CRAs can be created by a city (within a city) or county (within an unincorporated area of county or within city with city's permission) NOT a state 0 Can also be created by a combination of city and county • This CRA can exist for 30 years plus extensions not to exceed an additional 30 years • The governing body has to adopt a finding of slum or blight in the area Most frequently it is "blight" CRA is created by resolution, followed by an ordinance appointing the CRA Board 0Terms, officers, reasons for termination, etc. • The findings of the governing body should be the matters the CRA is trying to solve There is generally no penalty for doing something wrong It is staffs responsibility to see that all necessary information is presented to allow for proper decision-making by the Board CRA advisory boards are not governed by Statute, but by the City and the CRA Board Community Redevelopment Plan (CRP) required by Statute 11 Approved by CRA Board Conforms to a city's Comprehensive Plan If not in the Plan, cannot do it Must address affordable housing Must have legal description of the CRA and many other descriptive items Identifies publicly funded capital projects undertaken by CRA Provide time certain for redevelopment financed by increment revenues CRA Board sends the CRP to the local planning agency for approval a Then the CRP goes to City Commission and other authorities MPublic hearings, resolution, advertisement Amending the CRA plan (CRP) 0 Can be done Things a CRA can do 0 Acquire and hold property, dispose of property, develop propel INS 0 W__ a [As 0 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2016 Capital projects Generally do not do maintenance, but some do it on their projects because nobody else is doing it (deon must be defensible) • Typical CRA projects Property improvement grants, parcel assembling, acquisition of key parcels, petition to changes to zoning, etc., roadway/traffic/pedestrian improvements, economic development incentives, promotional activities (confer with aftomey) • Borrowing money — with approval of City Commission • Community Policing — with approval of City Commission before it goes into the Plan a Beware of paying for existing police services • What a CRA cannot do Pay for general govemment operating expenses Pay for someone's salary who does not work for the CRA Undertake a project in another public entity's capital improvement project unless the CRA is mentioned as a funding source Reimburse city or county for expenses unless fully documented Pay for any project/program outside the CRA (generally) Pay board members or commissioners for the services of board membev ® Can be reimbursed for expenses • Create laws or regulations • Utilize the power of eminent domain • Declare a place as slum or blight (only governing body can do that) Adoptlapprove final CRP Any project that is not in the CRP Funding 0 Redevelopment Trust Fund is created by the governing body = 27 T 270 r- V 74TA TIN 3- - * Base year is the year the trust fund was created * Extra funds from an increase in the millage rate also increase the TIF (If someone donates to the CRA, the money goes to the Redevelopment Trusl Fund and it can be a tax write-off. The CRA is a separate and distinct entity from the city.) CRA is not a taxing authority even though it has a revenue stream equal to the amount of the increase of taxes paid Revenue increases come from actual increase of property value or from an increase in the millage rate 0 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2016 • Redevelopment Trust Fund uses Projects and programs pursuant to the adopted planning Plans, financial analysis, surveys Acquire property, site preparation, relocation of occupants, repay borrowed funds • Annual budgeting CRA Board creates the budget, and governing body has authority to approve or veto in entirety (if budget is vetoed, start all over again) 0 Requirements for posting on website • Fiscal year-end requirements and options Cannot be any undesignated fund balance Options: give it back, pay debt, set aside to pay debt later, put into project that will happen within three years • Annual Reporting requirements a Done by the CRA Board, not the advisory board • Special District website requirements 0 Reports have to be on the site, available for viewing • Why cities create C 0 Entity provides for local solving of issues Ms. Brooks distributed the Annual Report for 2015. Ms. Brooks stated the CRA has more than one plan since the CRA started a long time ago and has changed a lot over the years. Mr. Oris reminded them it is good to keep the Redevelopment Plan somewhat vague, and then write separate plans that are more specific. Some CRAs have a more detailed business plan (a five-year plan) to accompany the CRP. Ms. Brooks discussed which parts of the plan need changing, but noted that the vision has remained the same. She said a demographic study could be done at any time, and City staff does the studies. She added that she did not know how recent the Geographic Information Systems (G IS) was, and census data from 2010 will be used. Ms. Cross said she wanted to understand the challenges and risks that the CRA has ir completing some of the projects. Ms. Brooks mentioned that the presence of many smal' 9 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2016 parcels is a challenge, and that will require assemblage, which is not easy. If a property in the CRA has a lien on it from Code Enforcement, the property would not go to the CRA. She said she is trying to work on a means to buy those properties. Mr. Edwards pointed out that there are some areas adjacent to the CRA that need developing, but the City is not doing anything about it. He said affordable housing was an issue. V. Nomination of Chair and Vice it (from eadier in the meeting) A nomination was made and seconded for Ms. Cross to be Chair. In a voice vote, the nomination passed unanimously. A nomination was made and seconded for Mr. Pollock to be Vice Chair. In a voice vote, the nomination passed unanimously. Public Comments Steven Grant thanked the Board for their service. He mentioned that Board could entertain the possibility of changing the meeting to 6:30 p.m. He added they could have a dinner meeting at a local CRA restaurant, and the CRA would pay the bill. Mr. Grant pointed out that would help local business. However, the meetings would have to be audio- or video- recorded. He also wanted to make sure the agenda was posted online. X. Adjournment Hearing no further business, the meeting was adjourned at 8:05 pm. [Minutes prepared by J. Rubin, Prototype, Inc.] 10 ROBERT'S RUL ES OF ORDER What Ere Robert's Rules of Order? T1w fM edition of the book was publisW I4 1876 by U.S. Army h4qjor Henry Martyn RoberL its Procedures were loosely modeled after Ihose, used in the Umted States House of Repregentwrqz. Robegl Robot s RLdesof Order aftw predding over a ch=h meedng and discovering that delegates from differ= arm of the country did not e•.1'.. about propw pwe&". no book is now in its 10th edition; RDbfff s Rules Order JVewdy Rewed (ROMA). Robert's Rules d Order provides applicabi e rul eagoverning keV matter s of meeting and general proodures, IneUdIng: Ill.. LAW 1-410, Ill" w:l RI Est6lis111le1t of a 1o=nL Definition of umubmikip. Voft n1%4 pmdmg offlow ad voting proceduz=. PaF&m9nU"Auth0rftY -&vb9YtW RHAM Of 01-Aw, New& Rff&A Tenth Ea7dom 2001. L Rales GkwH I 11 O 810a and Federal law - 90mmg C1..:.P1 honfi6 s' 1111 orgamzzfiora� public lVdative bodies, etc. Articles of Incorporation - applicable to cotporations Governing Docurnetft of Parent Organizations - applicable to chaptMs, affllkfts, ft. of law organizations D Local ConsUtution and Bylaws - defines the orgarimmlon!s bme svudm and fundsmentaj ruia. Normally requires a 2/3 vote and prior notiog fbr amendment and am not g*od to mugmajon. E. Standing Rulm - opwating proccdorw cenAskut with all of dw above, Normally can be amended by majority vote at any businm mwdng wW can be suspended. F. Mes of Order - parliamentwy authority, superseded by any ofthe above that conct, Prwadent and Custom - apply when 11= am no written rulas g1vm=g a situghon IV. Typical Onler of Basimm A. Call to Order B. Opening Exerdses, if applicable co!! Call/Detatmination of a Quarm D. Adeption +!e Agenda E. Reading and Approval of the Minutes of the Previous Meeting E Reports of Officers G. RepoASS ` ittees H. Reports of Special (Ad hodo `ma 1. Special Orders L Unfinished Business and General Orders K NewBusiness L. Prograrn, if applicable M. Anrimmeements N. gGood of the Orrice 0. Adjournment a -lima M , 11,11, - . - I q tow "'Y" e Ir t & lalfitIA 4 ME !A tig W, irappropriato and undmmble to be dimussed. The 01* -don mud be made imme(hately M32 =11 01 ROBERTS RULES CHEAT SHEET ...„,tea.=,m „�=e. •x�---. —P sa as rsa€esma ;n ear- easssaz € mm ulw ttim €i to micnim, Keonso Port or ou). *10340 171117 ''ll 111 NOTE: Nothing goes to discussion without a motion being an the floor. Obtaining and assigning the floor A member raises hand when no one ellse has ft floor * The "r recognizes the member by name How the lillotion In Brought Before the Assembly The member makes the frodw: I nxw that (or liol .-and resurnes his am& Another member seconds the motion., I second Me moffon or I second 8 or second. The chair states the rnotlon; His moved andseconded (hot... Are you readir tbr the quesdon? Consideration of the Motion I - Members can debffte the motion. 2. Before speaking In debate. members obtain the floor. 3. The maker of the motion has first right to the floor It he claims it properly 4. Debeft must be confined to the merits, of 1he molon. S. Debate can be closed only by order of the asuwably (213 vote) or by the chalf if no one seeks The floor for further debate. The clair puts the motion to a vain 1. The chair asks: Ara you ion* for Me queadba? If no one rises to cialm the ftor, th-_ chair proceeds to Inks the vote. 2. The chair says, The quesfion is an Ihe adqDftn of the maubn that... Asmanyes are in favor, say'Ays. (Pause for response.) 7hose cppowd, say Waje. (Pause for response.) Thaw aba%hadpbase say'Aye. The choir announces the result of the vote. 1. Me ayes have It the mogm cwTjbk and... (Indicating the effect of the vole) or 2, Me nays have It and the modan We W15N LMSATING YOUR 1. Ustan to the other side 2. Focus on issues, not personalities 3. Avoid questioning motives 4. Be Wits HOW TO ACCOMPLISH WHAT YOU WANT TO DO IN MEETINGS MOTION You want to pfupose a new idea or action 1br the group. After recognition, make a main motion. Member "Madame Chairtnan, I mvve that AMENDING A M071ON You want to change some of ft wording that Is being discussed. * After recognition, Vadame Chairman. I move that the motion be amended by adding ft fblkmft words * Aller recognition, RMadarna Chairman, I move that the mown be amended by strilting out the following words - After recognition. "Madame Chairmari. I move that the motion be amended by strikinY out the following words, and adding in their place the fbilowla. words REFERTO A COMMITTEE You feel that an Idea or proposal being discussed needs more study and Invegugation. After recognition, "Madarne Chairman, I axwe that the question be referred to a committee made up of rnemben; Smith, Jones and Brown.w POSTPONE DEMNITELY You want the membership to have more tkne to consider the question under discussion �znd you want to postpone it to a definhe time or day, and have it came up for further iTnalderation. After recognition, "Madame Chairman, I move to postpone the question until I vote. 57,719sion ancl After recognition. "Madam President. I move the previous question.0 UMrr DEBATE Y.vu Aixk 11-sauselti is! ftx-S, y05MY %mmt:! Ve 0 tz% air consideration of ft question. After recognition, RMadant President, I move to limit discussion to two minutes per speaker.K POSTPONE INDEFINITELY You mont to kill H motion that Is being cilawssed. in After recognition, "Madam Moderator, I move to postpone the question indefinitely." POSTPONE INDEFIN17ELY Item you are interested in vAll root come up belbre adjournment. After recognition, "Madam Chairman, I move to suspend the rules and move item 5 to position POINT OF PERSONAL PRIVILEGE The noise outside the meWng has beconis so great that you are having trouble hearing. * Mhout recognition, NPoint of personal privilege.w 0 Chairman: wState your po!nL' m Member. 'There Is too much nolse, I cant hear.' Rule ClassiftcaWn and Requimments OTIME CRA ADVISORY BOARD MEETING OF: March 3,2016 FTC14► 11 !� 4 :•',. SUMMARY: At the February 4, 2016 CRA Advisory Board meeting, members of the Board requested the available demographic date for the Community Redevelopment Area. Attached is a draft portion of CRA Consolidate Pian that City and CRA staff are working on that contains the demographic data for the CRA. In summary: ® In 2013, the population within the CRA was approximately 12,000. • Projected growth is 52% for the CRA between the years 2012-2035. • The CRA population is approximately 52% white, 42% Black/African American and 12% Hispanic. • 115 of all residents are 65 or older with the highest median age located east of Federal Highway. In 7 out of 13 census block groups, less than 20% of the population held a bachelor's degree or higher. In 7 of 13 census block groups, median household income is below $33,000 compared to Palm Beach County at $51,804. 60% of homes were built prior to 1971. The homeownership rate is 56.1%. 78% of single-family homes and condominiums and 48% of townhomes have a taxable value below $100,000. • 1,560 businesses employed 11,252 workers, an average of 7 workers per business. Retail trade dominates employment at 12.4% followed by healthcare at 20.5%. Employment density {jobs per acre) is low at 3.21 well below the recommended 45-65 per acre for the Transit Oriented District. These findings bring up several policy issues to consider when reviewing projects and programs: • How to diversify the economy from the supply and demand side? • How do we attract higher paying jobs to the downtown area? • How do we increase the taxable value of the property within the CRA so that when the CRA sunsets the City will have greater financial stability? • How do we accommodate the projected growth in a predictable manner that ensures quality of life and sustainability into the future? FISCAL IMPACT: NIA Information Only PROJECT:CRA PLAN, PROGRAM OR All CRA Plans RECOMMENDATIONS: Review for future reference. ivi n L. Brooks Executive Director Conditions Population Estimates and Projections Population Characteristics Race and Ethnicity Age and Household Composition Education and Income HOUSING Home Ownership Age of stock Residential Property values Single -Family Homes Townhomes Condominiums and Cooperatives Rental Apartment Properties SELECTED GNOMIC INDICATORS Employment by Industry Sales Household Effective Buying Income Worker Commuting Patterns 9 POPULATION Methodology. Current population numbers and projections for the study area covered by the CRA Con- solidated Redevelopment Plan are based on two sources: the U.S. Census and the 2013 Palm Beach County's Population Allocation Model. Whereas for the U.S. Census, the geographical units are Block Groups, the Population Allocation Model employs Transportation Analysis Zones JAZs). Some of the geographical units are only partially enclosed within the CRA boundary (see Figures 1 and 2 on the iollowing pages). Unless otherwise specified, the term "extended" CRA or a study area is used through- out the report to indicate that the information includes data for those parts of Census tracts, Census blocks or TAZs which are located outside of the CRA. estimates, or, in cases of large margins of error for small samples in that dataset, on the Census 2010 figures if available, Population Estimates and Projections Since Traffic Analysis Zones No. 402, 403, 509, and 520 (bolded and italicized in Table 1) are only partly located within the CRA area, the total current and projected population figures include a signif- icant number of people residing outside of the CRA boundaries. For example, using 2013 estimates of CRA -only population for the aforementioned zones (based on the Census block group population TABLE 1. Population projections by Traffic Analysis Zones: extended CRA area OEM mom z11111 1 ... 'I'll i1%ote:-5*'t i1o. 484 has no population and thus is not included. 10 g Inas an CFO UR-arg-e--IC7tTTff=no i size) no -T, P CRA population estimate for that year from 19,123 to appoximately 12,000. 14 L61 I L! I ILSIAAg In v I gja Lei M I I IQWv 1 Population Characteristics Race and Ethnicity The extended study area has a significantly lower percentage of White residents (51.9%) and a higher per- centaae of Black/ African Americnn res ry= population. TABLE 2. The largest race and ethnic groups as percent of total population by Census block groups, Census 2010 Percent Percent BLOCK Percent Black/African Hispanicl GROUP White American Latino I TIM CilyVikfe ACS �2008-2013 Note: One race only, Block groups bolded and italicized in Table 2 are only partly located within the CRA area. Block groups 57.023 and 60.121 are not included. as they CRA -enclosed sections do not have residential uses.v � � � ! 1 � i + mm mm ?, I 1 + , 1; L 1 1 i 1 14 EM Age and Household Composition TABLE 3. Median age and selected age categories as percent of total population by Census block groups, Census 2010 BLOCK Percent Percent 65 GROUP underIS -0 yea rs of aao NNE== - is review ol-ra-M-S—affa Hgures 5 affid �,ep�jcing population age characteristics, shows that area -w numbers are likely skewed by numbers for four block groups only partly located in the CRA. The recal- culation of percentages for the CRA area without these block groups lowers the percentage of youth under 18 from 19.1 % to 17.5%, and increases the percentage of population 65 years and older from 19.3% to 21.3%. Figure 7 shows the percentage of 1 -person households in the total number of households for block groups in the (extended) area understudy. By and large, the highest share of 1 -person households coincides with areas with a highest percentage of population age 65 and over. For example, in the blo group 62.022, persons living alone constitute 55% of all households, and 42% of these persons are aged 65 or older. 16 Education and Income This section draws on data from the 5 -year pooling (2009-2013) of the American Community Survey's sam- �iles. Because of the small sam,-ile size an i- nificant mar�ins of error. individ Pro inin Even though the educational attainment of Boynton Beach residents has improved since 2000, the City lags behind in the "Bachelor's Degree or Higher" category with respect to the County's level overall as well as with respect to some of its neighbors. The data suggests that education level as measured by this category may be even lower within the (extended) CRA area: in 7 out of 13 area block groups, less than 20% of the population has a bachelor's or a higher degree. of educational achievement, with 13% and 10%, respectively, of population 25 years of age and over holding a bachelor's degree or higher. (See also Figures 8 and 9.) The relationship between education and income implied by the data is more complex for block groups with high median age and high percentage of one-per- son households. For example, one of the block groups in the second highest median household income (block group 63.001 with an income of $49,861) has the highest share of population with a college or an advanced degree; however, that is not true for a block group of 61.00, which has the highest income, but where only about one-fourth of residents hold a bachelor's or higher degree. Percent population POPULATION 252mdol[derwitha Median household bachelloi-Is or high e income deeree Even though the educational attainment of Boynton Beach residents has improved since 2000, the City lags behind in the "Bachelor's Degree or Higher" category with respect to the County's level overall as well as with respect to some of its neighbors. The data suggests that education level as measured by this category may be even lower within the (extended) CRA area: in 7 out of 13 area block groups, less than 20% of the population has a bachelor's or a higher degree. of educational achievement, with 13% and 10%, respectively, of population 25 years of age and over holding a bachelor's degree or higher. (See also Figures 8 and 9.) The relationship between education and income implied by the data is more complex for block groups with high median age and high percentage of one-per- son households. For example, one of the block groups in the second highest median household income (block group 63.001 with an income of $49,861) has the highest share of population with a college or an advanced degree; however, that is not true for a block group of 61.00, which has the highest income, but where only about one-fourth of residents hold a bachelor's or higher degree. CRA AREA POPULATION 65 YEARS AND OVER by Census, • 2010 t I) ME 27th s4 � E' Aw r.. I4 GAt-W, tath fJ s s 3—T, ' r c N1A Ud m €1 tltN � fL BE I .._ Cotline t3N AIW 13phAve z Cti . � m Old Bp_ y 1t.+�w . € y I Z �� Ve�lelra r r JW I' ammh tiled '-W0t Legend �. a°X'!. r_ woman a W �. (svv 4dAve i F _.. w acaen P�: (, 2ndxe pnpp 3.4% Clan dr '� 3rd 3.4%- 9.3% ,K"" .^-r-, i•4 �..._`�f__.. sr ��3W 41�IAXei- ; §m 's ;i 8.3%1 .12.3% _ SW Ave _ P�. a t J L Sf'4d+Ave ,r &t§y t 4SW7thtl' 12.3%-706% r SW 5th Ave 20 %-36.7% AVe 04 36.7% -bas% A' SW j2thA6elta ASN! tBihAv " 4'€ SW IMA rr �� CRA Boundary s►^( _, �wwoot ! irri _ i e ,4 ,�f�r��r -' � 1aihAve 6ht rta� __. Nate: Citywide percentage of population 65 years or older was 21.4%. Mein Blwd I I ; SW BHd _ x P ; �-�� '��£^ � �` � �' -- ..._�•-- SSE 29`" , , va SW E2 A- s- fPt�--;526lt�Awe Z t ' rkSE27lhA- 7®® a®e d'9E276tICt1� M� c5' �78Hiawe SW 27th Ave ( ier B' t .5- 1 d t 11h t 2 Ai i Rd 1 7 'AYe j N S�M2ithPl, _.� + 5W FW Chafer Dr N �$W 3gth.A", rte« a f + � Nlseio{t Hfl! Rd' R ;! Feet 6 94}h Ave, r� 1 SW 95fhAve `� of S%y, v T-� Figure S o; y . _pef ea:ewaaxwt®r � 1 #i!4Yii allMR &RLY-OF KEY FINDINGS- estimated1 1n within boundaries 1 112,000. 01 The numbers generated Populationll c i 1 show a 52% projected population growth in the extended CRA arear the 2012-2035 period. The CRA population is approximately 52% White, 42% Black/African American and 12% Hispanic. Nearly ®i 1 residents arer older; areas with the highestmedian age are located Federal The level of educationr by a percent people with a bachelor's or higher degreeis generally low: in 7 out of 13 blockr less than 20% of population Irl it. Median income is low in much of the area: i ` out of 13 blockgroups, the income is below , Homeownership The 2010 Census figures show that the study area had—at that time—a significantly lower rate of home- ownership than the City as a whole. The current percentage for a few block groups may be lower still, as more rental developments were built in recent years. City-wide, the home ownership rate was 72.8% in the year 2000; it increased during the housing boom, and then proceeded to drop following the reces- sion and the ensuing lending restrictions. The block group 62.021 had, at 31.07%, the lowest share of owner -occupied housing in the area, The chief and relatively recent contributor to this tenancy profile of the area is the Las Ventanas community with 494 rental units. Homes within the CRA were also more often designated for seasonal, recreational or occasional use. The share of such homes was high in the area east of Federal Highway: for example, in the block group 62.022, the percentage of such homes was nearly 61 %. Since this means that they are only occupied part of the year, it lowers the potential pedestrian traffic, an important factor in creating a vibrant down- town—one of the main strategic goals for the City. 24 TOTAL Percent units 13LOCK NUMBER OF OCCUPIED Percent for seasonal, GROUP HOUSING UNITS occupied UNITS 0 0 7rrl rM Citywide AC S 2009- 2013 24 Age of Stock The 5 -year (2009-2013) AGS survey indicates that about 60% of all area units were built prior to 1971. The maj"&Q"16�i Residential Property Values This section draws on data provided by the Palm Beach County Property Appraiser's Office (s- # r ofile section elsewhere in this report for information on parcel -based use distribution). Single-family Homes There are 1,287 single-family homes within the CRA, with the median market value of $76,400 and an avera (mean) market value of $157,636 (the significant difference is due to the fact that the values of the 97 high- .-st-value homes are much higher than most of the values in the set, with 16 homes assessed at more than $ million.) 11 Ila= E.—M. —fil — a W Source: PBC Appraiser's Office is Number Percentage of MARKET VALUE of SF total number of Cum ulati.,e homes SF hcmines percentage Less than $50 K 208 16.1 �.b 16. 1, �,.6 $50 K or more, but less than $100 1 646 50.2% El 6, $100 or more, but less than $200 P $200 K or more, but less than $300 70 S. 4 P/c 86.6% $300 K or more, but less than $500 76 5.90/0 92.5% jh4ore than $500 K 97 7.5�,,6 100.0%. Source: PBC Appraiser's Office TABLE 7. Single-family taxable value distribution, 2014 taje of par=total TAXABLE IVALUE Number of jiumber of SF cumulafive SF homes homes 1p t .r:t n, ag Less than, $50 K S 50 K or mo Ee, bort lass Lbi an $100 K 28 6 $100 or murea but less than S200 K I I 1�v 9 01'0 — �7 1 ; , $200 K o: more. but less than. $300 K 4-4 90. V, S300 ]%' -r Tmz:e. bl�l less -thnan S5(i& K 91 C, 3�11�; 961% More, tham S500 K I 4C� 3. 1 ,." 100.0% Source: PBC Appraiser's Office is Townhomes Roughly 50% of 670 townhomes in the CRA area are homesteaded. Overall, a median taxable val- ue of a tfme is $101,383, and the average $130,621. These va lues--especi ally median—are significantly higher than those of single-family homes, a result of both lower rate of SOH (homestead) program participation and a significant percent (about 38%) of stock built since the year 2000. These developments include Waterside, Estancia, The Harbors, Coastal Bay Colony and Murano Bay. fl 'I'll below 46#-,1Ff1t7,-W-ffiTe- 56% of single-family homes do. TABLE 8. Townhome taxable value distribution, 2014 Source: VM; Appraiser's uttice Condominiums and Cooperatives There are 4,485 condominium units and 245 cooperative units in the CRA multifamily buildings. The lat- ter are all v li, f ffi� f 2 g ,,art of Ham_y�shire f:2i ?A 1,Y value $27,500). The median taxable value for all the condominiums is $58,300. Most of the condo stock consists of older buildings developed in the 1970's and early 1980's, with a median taxable value of $38,500. Newer condos, built since the year 2000, include Bayfront, Marina Village, Tuscany on the Intracoastal and Casa Costa. The median taxable value for these developments is $143,000. TABLE 9. Condominium taxable value distribution, 2014 Nu m be r of Perc--nTag, of total Cumulative Percentage of total �'ALUE Number of Cumuladve number of ty to homes Percenta-W Less than.. 50 K 2. 4 7,1 .0 47.I S50 K or rr*re,, but less than Slfi i 1,453 ess rhan $5 0 K $100 or more. but less than $200 K 2 4, 8 0,'aL 4 $50 K or more but less than $100 K 157 .4 4 S. rr 1J S100 of more, but less than $200 K 2n7 F lk '200 K or more but less than $ 300 K 99 14, 8 $300 K or maren but Im thars K 4.. E j" Source: VM; Appraiser's uttice Condominiums and Cooperatives There are 4,485 condominium units and 245 cooperative units in the CRA multifamily buildings. The lat- ter are all v li, f ffi� f 2 g ,,art of Ham_y�shire f:2i ?A 1,Y value $27,500). The median taxable value for all the condominiums is $58,300. Most of the condo stock consists of older buildings developed in the 1970's and early 1980's, with a median taxable value of $38,500. Newer condos, built since the year 2000, include Bayfront, Marina Village, Tuscany on the Intracoastal and Casa Costa. The median taxable value for these developments is $143,000. TABLE 9. Condominium taxable value distribution, 2014 Nu m be r of Perc--nTag, of total Cumulative I TAXABLEIALTUE number of condominiums Percentage condominiums Less than.. 50 K 2. 4 7,1 .0 47.I S50 K or rr*re,, but less than Slfi i 1,453 0'.72% `7.34 $100 or more. but less than $200 K 71g $200 K or more, but less than $300 K 241 $300 K or more, but less than $500 K so or . IS 5 1? ll 2 Source: PBC Appraiser's Office Rental apartment properties There are 197 parcels developed with small rental buildings containing less than 10 units; the majority of the properties consist of older duplexes, built in 1950's, 1960's and 1970's. I Among the rental properties with 10 or more units (26 parcels, 12 owners), one-half were developed between 1957 and 1974 and include between 10 and 24 units. The only larger apartment development in this group is Hatterras, with 6 buildings and a total of 72 units. SUMMARY OF KEY FINDINQA- Some f homes wereprior to 1971. At ®1%, the area had a significantlyr share of owner -occupied homes than the City as a whole (Census ® The i rate may be lower still, with 900 rental apartments built since 2010. valuesMedian in all categories are 1 of single-family homes and condominiums and 48% of townhomes have 1below 3 SI)ELECTED ECONOMIC INDICATORS 'IJ#V1V_—Vr_TK#W UZZ "i ary. The part of 60.12 enclosed within the CRA is a self-contained industrial area with a small but grow- ing arts "district." At the southernmost section of the CRA/City boundary, a 5 -acre section of Tract 65.01 is developed with three commercial properties; its remaining portion lies outside of the City. Except for the analysis of the commuting patterns, which uses ACS block group -based data, this sec -1 tion draws on the 3rd quarter 2014 Nielsen's Business Facts summary data (2 -digit NAICS), Employment by Industry As Table 10 shows, the (extended) study area is dominated by small businesses, employing 20 or fe er people; on average, businesses employed about 7 workers. Tract 62.03, with two commercial nodl- on the southeast and southwest corners of Woolbright Road and Federal Highway, has, at 16.4%, th 1111,1_1 I 11.1.11 TABLE 10. Establishment -based employment in the extended study area EM I I I j ME FFM an VAM1*14101 ir*3 J1 'low _Vr fi�Mjls MVP �,NM �8- ;5mployment of 8,811, it would have skewed the summary statistics. 0 ErnpTojment Densi4, (jobs 'acre) % Firms w120 or ME E blore EmployeW E,E WWA Health carelSocial Educational _.Services UYLli-W, 90 �Zan 137 MW �71 �MINMMEIMNM OTHER EM ME. IINDUSTRIES I I I j ME FFM an VAM1*14101 ir*3 J1 'low _Vr fi�Mjls MVP �,NM �8- ;5mployment of 8,811, it would have skewed the summary statistics. 0 Guidebook). The industry with by far the highest share of total employment in 2014 was retail trade at 22.4%, closely followed by healthcare/social assistance at 20.5%. The share of the next two industries, aCGOMmodation/ food services and construction, was much lower at 11.9% and 7.7%, respectively. Of the two Census tracts ose.,-h concentration of th full'm encld within the CRA area tract 62.02 has a relativ M , r--, i[tp.t-ra rM&Ww assistance jobs, and the highest share of professional/scientific and technical assistance jobs. (Tract 63.00 clearly dominates in healthcare employment due to the location of the Bethesda Hospital within its borders, but the facility is outside of the CRA.) Retail trade dominates in tract 61.00. For parcel -based information on selected group of uses, see also the analysis utilizing the Florida Depart- ment of Revenue's land use codes (The CRA Current Land Use Profile section of this report). Sales Since tract 60.12 has both the highest job number and sales per acre (see Table 6), and its major commer- cial section is outside of the CRA area, it was again omitted from the table as was tract 65.01, located mostly outside of the City. Among the remaining tracts, tract 62.02 ranks first in sales, but has fewer than one-half the number of iobs per acr J J 'M IIIIW IIiIIIII01 CA oil" TABLE 11. Employment and sales' density Mw_:�,MMMMMMM, - EM ME Household Effective Buying Income Effective Buid%w Income,, as such, it represents an area's purchasing power. (The Buying Power Index (BPI), not calculated here, is based on a formula which includes effective buying income as well as population and retail sales.) Table 12 shows EBI density—aggregated household effective buying income per acre—for Census tracts in the extended study area. Worker Commuting Patterns There are no workers in the "Workers over 16 Commuting 30 minutes or over" category for block group 62.022. This can be explained by the age distribution: 62.022 has the highest percentage of people 65 and over (69.5%) and a highest median resident age of 72.2; thus, it also has a very low labor force participation. TABLE 13. Selected commuting indicators Plumber of Househo" Number of KouseWcs per acre Joccupled I&IJeffing LOS per &are) Worker Commuting Patterns There are no workers in the "Workers over 16 Commuting 30 minutes or over" category for block group 62.022. This can be explained by the age distribution: 62.022 has the highest percentage of people 65 and over (69.5%) and a highest median resident age of 72.2; thus, it also has a very low labor force participation. TABLE 13. Selected commuting indicators by Census Block Groups,45-Year Estimates I 34 SUMMARY OF KEY FINDINGS: As of the 3rd quarter of 2014, 1,660 private firms in the area employed 11,252 people, firm. RetailTrade employment, at 22.4% of the total, followed by Healthcare/Social Assistance 5 � � \ . \«° In �00> LM 4,J o a m0LLCL ! ., 4-0 # e � � \ . \«° LM 4,J o a ! ., 4-0 0 LM ( \D • . L. D 4- o 4.0 © , . toQj \ '\ \ ` `\ . m 0 e 0 + � � \ . \«° me a a E = 0 L - 4a Lot co 4-0 E 4— to to a a E = 0 L - 4a Lot 4-0 IN cc CL 4a W CL I R N d 6m im i .. Im bb Cid CL sc ho bA CL x LU CL CL a a ba CL 9 co o UJ M LU 4a CL m 4-4 = E E Cj LM M M 4a Im Im IN ■ gi D Ln 0 16 s 0 w ■ ! >. OL cr ° . §LL m \ CL r ! !CL A 0 0 • , m x, UJ w ba to M L \ l } . CL ui !, ■ EM 11 IN N � �d � k ho CL UJ m ) how � \ , . u ! CL W , i : ! 4 -0 & ^ IF . � - \ , » ! 0 *: . ^ ` CL ! ^ \ M LL 4a 4ACL) , , , 0 -00 /� \ : > - . < , , 0 00 In x In w z ` z « + a e + + 0ll\ \ d ul LM ul u CL cu U CL 4A to bo ul gi 0— f3A 13 23 El o z CL 0 a a 23 El m { �1 ZEN � IIIthhIIII{I{`I �� }t��tY V BOY RA mom BEACH il CRA or Meeting Tuesday, March 8, 2016 @ 6:30 pm City Commission Chambers 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 1. Call to Order DRAFT as of 2129/16 11. Invocation and Pledge to the Flag IV. Legal: None V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda iyi�1�111 11! 11 1 � I � I I I i A. Disclosure of Conflicts, Contacts and Relationships for Items Presented to the CRA Board on Agenda Items VII. Announcements & Awards: A. Music on the Rocks F.19NOMIT-TATWUM-0-11", VIH. Consent Agenda: —, Tnrlg� �'� Irvrrxnn I A. Public Comment Log -None X1. Public Comments: (Note: comments are limited to 3 minutes in duration) *4 _I[WOU I A. Interlocal Grant Agreement between the City of Boynton Beach CRA and Solid Waste Authority of Palm Beach County A. ILA CRA and City for Model Block Project B. ILA CPA and City for District Clean Program D. Consideration of Approval of PRH Boynton Beach, LLC's Performance Audit for Year Ending December 31, 2015 for the Casa Costa Project TIZ—FIT.T.Tim A. New Businesses in the CRA District KIM = 903 1 =-,- Pill M -M XVII. Adjournment l.. :.. !•�!•... 1, � •. ,. ,.! *�.,. : !�. ! ,. , .. ! 1 : �: �, !WY—,CRAf a AT LEA a ... ! x.H.QVM ... *RTI' liP.! K, ;., * ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA oN THE CRXs WEB SITE. BOY TON C RA BEACH I Consent Agenda I I Old Business I I Now Business I I Legal.. F_'[cl =1 L, I SUBJECT: Recap of the March 2, 2016 CRA Plan Consolidation Public Workshop SUMMARY: The City's Strategic Plan calls for the consolidation of the four CRA plans into one cohesive document that provides a clear and concise vision for the future of the CRA. CRA and City staff has been working toward that goal with the assistance of the Treasure Coast Regional Planning Council. The existing conditions section of the plan is completed. The next step in the planning process was to garner public input regarding areas of the CRA that have had little to no planning to date. Additionally, staff was looking for public input regarding development form on important corridors such as Boynton Beach Boulevard, Ocean Avenue and Martin Luther King, Jr. Boulevard. The CRA sent the attached postcard to 5,954 property owners for the public workshop on Wednesday, March 2, 2016 held in City Commission Chambers. The workshop was posted on the CRA's website, Facebook page and on the Boynton Beach RAW Facebook page. The attached sign -in sheet shows that 43 people attended the workshop. Attendees were given a clicker to register their response to questions regarding design, development form, CRA investment, etc. These responses will be used to as the basis of a draft plan for a future public workshop. Staff will be holding a separate meeting with developers to obtain their input as well. Overall, attendees of the workshop were very complimentary of the presentation and grateful for the information. The next steps in the planning process are: Second Public Workshop CRA Advisory Board Review and Recommendation to the CRA Board CRA Board Review and Adoption City Commission Review and Adoptionl FISCAL IMPACT: NIA Wanktro o-ks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA BoardlFY 2015 - 2016 Board Meetings\March 20161Recap of CRA Plan Consol Workshop.docx F 4DMichaei wiban PE Michael VAN= Flare OLO Like - Rephj, 18 hrs Search Michael Wilson All In all, a good presentation and discussion, with some So Is- residents or so turning out. Like - Reply - 16 1 - 16 hrs riWrite a Qn.mment— �M of Commerce's post. 19 hrs Greater Boynton Beach Chamber of Commerce Yesterday at 12:51prn We have just launched our now campaign Shop Boynton Beachl Be sure to'Like'our page to stay up to deft with all our chamber member's discounts and promotional #ShopBoyrTion Beach WernbersUsingMernbers https://www.facabook.com/groups/Boyntoni3eachRA`W/ 8111