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Agenda 04-12-16CRA Board Meeting Tuesday, April 12, 2016 @ 6:30 pm City Commission Chambers 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 AGENDA L Call to Order II. Invocation and Pledge to the Flag III. Roll Call IV. Legal: None V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda VI. Informational Items and Disclosures by Board Members and CRA Staff: A. Disclosure of Conflicts, Contacts and Relationships for Items Presented to the CRA Board on Agenda Items B. Informational Announcements VII. Announcements & Awards: A. Music on the Rocks B. Movies in the Park C. Recap 2nd Annual Boynton Beach Blarney Bash VIII. Consent Agenda: A. Approval of Minutes — CRA Board Meeting March 8, 2016 B. Approval of Period Ended March 31, 2016 Financial Report C. Monthly Purchase Orders IX. Pulled Consent Agenda Items: X. Information Only: A. Public Comment Log B. CRA 2015 Annual Report C. Marketing and Business Development Campaign D. Response to Advisory Board Member Questions Regarding CRA Finance E. Minutes — CRA Plan Consolidation Workshop March 2, 2016 XI. Public Comments: (Note: comments are limited to 3 minutes in duration) XII. Public Hearing: None XIII. Old Business: A. Update on Housing Trust Groups Revitalization Financing Application to Florida Housing Finance for MLK South Site B. Update on Related Urban Developments Revitalization Financing Applications to Florida Housing Finance for the Ocean Breeze East Site C. Status Update on Boynton Harbor Marina, Marina Open Space Project D. Status Update on the Cottage District Redevelopment Project E. Status Update on the Model Block Project F. Consideration of Approval of Major Site Plan Modification— 480 E. Ocean Avenue G. Consideration of Approval of Major Site Plan Modification — 211 E. Ocean Avenue XIV. New Business: A. Update on the Riverwalk Project —1543 S. Federal Highway B. Update on the Ocean One Project — 114 N. Federal Highway C. Consideration of Interlocal Agreement (ILA) between the CRA and the City of Boynton Beach for the CRA District Clean Program XV. Executive Director's Report: A. CRA Advisory Board Packet for 4/7/16 B. New Businesses in CRA District XVI. Future Agenda Items: A. Consideration of Purchase and Development Agreement between Ocean One Boynton, LLC and the CRA for 222 N. Federal Highway — May 2016 B. Consideration of Issuing Request for Qualifications and Proposals for CRA -Owned Property Known as MLK South — June 2016 C. Consideration of Issuing Request for Qualifications and Proposals for CRA -Owned Property Known as Ocean Breeze East — June 2016 D. Consideration of Issuing Request for Qualifications and Proposals for CRA -Owned Property Known as the Cottage District— July 2016 E. Consideration of Approval of Contract for the Construction of the Open Space Project at the Boynton Harbor Marina — July 2016 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. AV's g BOYN =BE CRA BOARD MEETING O12,2016 Consent r r I I Old Business .. Business r r Other t SUBJECT: Music on the Rocks 11/►l::u • On Friday, March 18, 2016, the Boynton Beach CRA presented: Music on the Rocks, featuring Six Foot Swell. • This FREE event took place at the Ocean Avenue Amphitheatre from 5 P.M. to 9 P.M. • Approximately 500 guests attended the concert and food truck event. • 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. • The bar is provided by Carefree Catering. • Free, on-site, parking was available. • The next Music on the Rocks concert is a double billing, scheduled for Friday, April 15'', featuring The Intoxicators!, and Slip & the Spinouts, playing Exotica, Rockabilly, Rock n Roll, RnB, Swing, Country, Blues and Roots. The event Starts at 5:00 P.M. and ends at 9:00 P.M. • Additional Happy Hour Thursday concert dates: o May 20th: Gravel Kings o June 17th: Red Eye Band • Marketing images (Exhibit A) 1!e F stopher Burdick Special Events Coordinator TAAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingMpril 20161Music on the Rocks.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\April 20161Music on the Rocks Exhibit Adocx (Exhibit A) Music on the Rocks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSZompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingslApril 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 BoarffY 2015 - 2016 Board Meetings\April 20161Music on the Rocks Exhibit A,docx (Exhibit A) Music On the Racks T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSIComplated Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board MeetingslApril 20161Music on the Rocks Exhibit A.docx W BOYNTOR BOARD=BEACHICRA CRA April I Consent Agenda I I Old Business I I New Business Legal Information Only 1XI Other AGENDA B. 4 Movies in the Park • On April 1, 2016, the Boynton Beach CRA hosted Movies in the Park, at the Ocean Avenue Amphitheatre. • The featured movie was the original Ghostbusters (rated PG). • This free event took place from 8 P.M. to 10 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 was estimated at 167 people. The attendance for the previous month, March 4th' showing of E.T. The Extraterrestrial, was approximately 130 people. • The next Movies in the Park feature is Labyrinth, on May 6th. The last Movie in the Park for the season is June 3`d, featuring Beetlejuice! • Marketing images (Exhibit A) FISCAL IMPACT: Budgeted in line item 02-58500-480 PROJECT:CRA PLAN, PROGRAM OR Downtown Master Plan 4t6st4opphle-'r Burdick Special o• +w 4 T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Complated Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Movies in the Park.docx (Exhibit A) Movies in the Park T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA BoardlFY 2015 - 2016 Board Maetings\April 20161Movies in the Park (Exhibit A).docx (Exhibit A) Movies in the Park T:IAGENDAS, CONSENT AGENDAS, MONTHLY RE PORTSICompleted Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board MeetingslAprii 20161Movies in the Park (Exhibit A).docx (Exhibit A) Movies in the Park C :[1t. tRood{ •g"1R,�'�'1'laai��1!/I!'�[��1'a�E:II�:Fl�i:-�1']:\Sl'A\ll Al�`r(?N'l'l�liG. 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T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\CRA BoardlFY 2015 - 2016 Board Meetings\April 20161Movies in the Park (Exhibit A)•docx BOYNTOBEACBoom 17 740 M (1 I ffi�m�V14 ' k ' t 1111 SUBJECT:./ 4'': TheBoynton Beach BlameBlamey Bash f 1NO 1,71 All • On Friday, March 11, 2016, the Boynton Beach CRA presented The 2nd Annual Boynton Beach Blarney Bash in celebration of St. Patrick's Day. • This FREE event took place at the Ocean Avenue Amphitheatre, and along Ocean Avenue from 11t Street to the front of the Civic Center, from 6 P.M. to 10 P.M. • Entertainment included Fire in the Kitchen, Aranmore Academy of Dance, Clockwork Knotwork, and Blues Dragon. • Retail vendors lined up on Ocean Avenue, along with children's activities, and a super slide. • A "Wearing of the Green" contest was held with prizes awarded for 15t, 2nd, and Yd place winners. • Food and drink was available for purchase from KP Concessions, and Carefree Catering. • Free, on-site, parking was available. • Approximately 2500 guests attended the event. • Marketing images (Exhibit A) (1&1�y I Z!6stopheflburdick Special Events Coordinator T:WGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Recap Boynton Beach Blarney Bash.docx (Exhibit A) Boynton Beach Blarney Bash T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meebng\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Boynton Beach Blarney Bash Exhibit A.docx (Exhibit A) Boynton Beach Blarney Bash T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board MeetingslApril 20161Boynton Beach Blarney Bash Exhibit A.docx (Exhibit A) Boynton Beach Blarney Bash T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Boynton Beach Blarney Bash Exhibit A.docx (Exhibit A) Boynton Beach Blarney Bash T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Boynton Beach Blarney Bash Exhibit A.docx MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD IN COMMISSION CHAMBERS,CITY HALL, 100 E. BOYNTON BEACH BLVD. BOYNTON BEACH, FLORIDA ON TUESDAY, MARCH 8, 2016 PRESENT Jerry Taylor, Chair Vivian Brooks, Executive Director Joe Casello, Vice Chair Tara Duhy, Board Counsel Michael M. Fitzpatrick Mack McCray David Merker I. Call to Order Chair Taylor called the meeting to order at 6:30 p.m. II. Invocation and Pledge to the Flag Mr. McCray gave the invocation and led the Pledge of Allegiance to the Flag. Ill. Roll Call All members were present. IV. Legal: None V. Agenda Approval: A. Additions, Deletions, Corrections to the Agenda Chair Taylor requested moving New Business Items F and G to the front of the agenda. B. Adoption of Agenda Motion Mr. McCray moved to approve the agenda as amended. Vice Chair Casello seconded the motion that unanimously passed. 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 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Vice Chair Casello attended the CRA Advisory Board Meeting and was impressed how it was run. He attended the Souls to the Polls event on Sunday and attended the Forum Club with the City Manager at the Convention Center in West Palm Beach for discussions on national debt. Mr. Merker also attended the Souls to the Polls and thought the leadership was excellent. He thought voting was the greatest privilege for citizens. He noted Election Day was pending and he was honored to work with the CRA staff. He thanked them for their time and effort as this could be his last meeting. Mr. McCray attended a 5K Run and on Sunday, he marched with the Souls to the Polls for early voting. He encouraged all to vote early. Mr. McCray also attended the water treatment plant project. He wanted to see the drilling under 1-95 and the train tracks when the connections are made. Chair Taylor advised two weeks ago, he toured the construction at the 500 Ocean development. It was informative and the project was progressing well. He read to Freedom Shores Elementary School students. He toured the East Water Treatment Plant, which is undergoing a revitalization. A new three million gallon water tank was installed, in addition to the martini glass shaped water tower that holds 1.5 million gallons. When complete, the City could produce over 24 million gallons of water at any time and provide water for new developments in the downtown. He noted the West Water Treatment Plant was being connected to the East Water Treatment Plant. When completed, the project will fulfill the City's water needs up until 2050. He commended staff at the Utilities Department and the planners for a great job. Mr. Fitzpatrick noted over the weekend a flyer was issued by James Brake giving false information. He noted the Election Code violations and penalties indicate that, "any candidate, who in a primary or other election, with actual malice makes or causes to be made, any statement about an opposing candidate that is false, is guilty of a violation and subject to fine." The flyer asserts Commissioner Fitzpatrick was the only candidate who voted for a sober home, but it actually pertained to the Novus medical office which the Commission voted down 1-4 on November 17th. He contended Mr. Brake knowingly lied about it because James Brake was a member of the Planning and Development Board. On October 27, 2015, the Board heard the request and then voted 7-0 to approve the request. He felt Mr. Brake lied and was a hypocrite. Mr. Fitzpatrick announced he intended to file an election violation. Ms. Brooks advised she also toured the 500 Ocean site with the contractor. Mr. McCray hoped other Board members would be invited for a tour after the election. FA Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 B. Informational Announcements VII. Announcements & Awards: A. Music on the Rocks Chris Burdick, Special Events Coordinator, advised on Friday, February 19, 2016, Music on the Rocks featured a free concert by Funkabilly Playboys. Six food trucks were present at the Ocean Avenue Amphitheater. The event, which had free parking, took place from 6 p.m. to 9 p.m. Five hundred people attended. Music on the Rocks events were planned for March 18th, April 15th, May 20th and June 17th. B. Movies in the Park The March 4th Movies in the Park event featured ET the Extraterrestrial from 7 p.m. to 9 p.m. Attendees were encouraged to bring beach chairs and blankets. There was free parking. Gift card raffles for CRA District businesses and Pirate Fest souvenirs were given out after the movie. Food and beverages were available from local vendors and about 120 people attended. April 1St would feature Ghostbusters. He noted the time will change from 7 p.m. to 8 p.m. due to Dayllyht Savings Time. The May 6th event will feature Labyrinth and Beetlejuice on June 3r . Mr. McCray advised he attends the Senior Center daily and when he is there, patrons often speak about Movies in the Park. C. 2nd Annual Boynton Beach Blarney Bash On Friday, March 11 th, the 2"d Annual Boynton Beach Blarney Bash will take place at the Ocean Avenue Amphitheater and along Ocean Avenue from 6 p.m. to 10 p.m. Entertainment will be provided by Fire in the Kitchen, Clockwork Knotwork and Blues Dragon. Retail vendors will be lined along Ocean Avenue and children's activities were planned. Three cash prizes will be given to Wearing of the Green contest winners. Food and beverages will be available from KP Concessions and Carefree Catering. Parking was free. 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 41 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Motion Mr. Merker moved to approve the consent agenda. Mr. McCray seconded the motion that unanimously passed. IX. Pulled Consent Agenda Items: None. X. Information Only: A. Public Comment Log -None B. Marketing and Business Development Campaign C. Media Regarding the Heart of Boynton Neighborhood Policing Program Chair Taylor announced there was a good article in the newspaper about the kickoff of the program. He has already received feedback from residents about how much they like the program, and the youth were interacting with the Officers. Mr. McCray announced a Senior Health Fair on March 16th at the Civic Center. Free transportation to the Civic Center was available for seniors. XI. Public Comments: (Note: comments are limited to 3 minutes in duration) Cindy Falco Decorato, 316 NW 1St Avenue, heard someone indicate how Boynton was established, and she wanted to set the record straight it was not established by Bahamians, it was by Birdie Dewey who founded and purchased Boynton Beach. She commented Mr. Merker was kind to her and her husband at a dinner, but when running for office, he should not call people names. Mr. McCray agreed with Ms. Decorato regarding the history of Boynton Beach as the book about the City's history was in the Library. He favored researching the matter before acting. No one else coming forward, Public Comments was closed. 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 12 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Allow the CRA Executive Director, Vivian Brooks, to Execute the Agreement on behalf of the CRA Board. Ms. Brooks explained the City and CRA wrote a grant to the Solid Waste Authority (SWA) for a Blighted and Distressed Property Clean Up Beautification Grant for three projects in the Heart of Boynton neighborhood. The SWA fully funded the grant. The CRA match was $31,247 and the total amount was $93,547. The SWA is a governmental agency of the County and one entity has to be the monitor. Ms. Brooks advised the CRA will monitor the grant. Chair Taylor thought staff did a great job cleaning up the area. Vice Chair Casello and Mr. McCray complimented staff on the grant and for working so hard. Motion Mr. McCray moved to approve. Mr. Merker seconded the motion that unanimously passed. XIV. New Business: G. Consideration of Publication of a Notice of Intent to Dispose Real Property for CRA Owned Property Located at 222 N. Federal Highway. Ms. Brooks advised she received a Letter of Intent from Attorney Bonnie Miskel regarding CRA property at 222 N. Federal Highway, on the corner of Boynton Beach Boulevard. The property was originally larger and had a motel. The intent of the CRA purchasing the property was to provide access to Marina Village and create a pedestrian Promenade walkway. The CRA paid $900,000 in 2002, and then lost a lot of the property to public improvements. The property was appraised on January 11, 2016, and sent to Attorney Miskel and Mr. Morris to issue a Letter of Intent and begin negotiations for a Purchase and Development Agreement. A site plan and zoning change was submitted to the City for the CRA property and a portion of Mr. Camalier's property because, as owners, they have to sign off for staff to begin the review process. Ms. Brooks explained she could not sign off on the submittal as it requires Board authority and Board authority could not be obtained until the process detailed in the Statutes was followed. After receiving the Letter of Intent, the CRA would issue a 30 - day notice of Intent to Dispose of Real Property. If selling the property below market value, they have to obtain City Commission approval. The appraised value of the now smaller CRA property is $460,000. The land use was mixed-use core and the property was slightly less than half an acre. The project would be situated on both properties and be mixed use. The developers were asking for the land at no cost. Staff advised transferring the property for the Ocean One project was the best use of the land. Ms. Brooks recommended accepting the Letter of Intent. 5 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Mr. McCray noted the CRA purchased the property because there were many problems and illegal activities with the motel. Although they may have paid too much, the problems that were alleviated in the City because the motel was closed was money well spent. Ms. Brooks explained the CRA does not generally turn over properties. The Purchase and Development agreement would specify the property would not be transferred until the closing of their construction loan, as a simultaneous close. Mr. Fitzpatrick did not feel comfortable moving forward without knowing more about the project. Ms. Brooks explained they just received the plans on Thursday. Staff had copies made and the backup materials included the building elevations. She explained this would be the first step in the transaction. Nothing would happen until the May CRA meeting. Mr. McCray was in favor of accepting the letter and noted the CRA had been trying to develop downtown Boynton. He agreed with Vice Chair Casello this would be a good project for the CRA Advisory Board to learn and review. Bill Morris, 777 E. Atlantic Avenue, Delray Beach, a principal in the Ocean One project with Davis Camalier was present. Mr. Morris would be responsible for the vertical construction, having much experience with similar projects in urban locations. They submitted initial plans a week ago including architectural, traffic, civil engineering and photometric plans. They would use the same architect as was used for Casa Costa, formerly the Promenade, and were in discussions with General Contractors such as Coastal Construction and LandSouth Construction working on the 500 Ocean project. The project would have 237 rental units in an eight story, U-shaped configuration. It will be a high-quality project having a pool, landscaped area, connected garage, retail and commercial on the corner of Boynton Beach Boulevard and Federal Highway, and also on the corner at 6t". They hope to start construction in late summer or early fall. The developers had been considering the project for a long time and are serious about moving forward. He hoped the Board would support it. Chair Taylor clarified the subject property was the lot where the Bank of America was and only half the property was needed. Mr. Morris commented the corner piece could be a hotel and the back portion; to the east, could be a high-rise, for -sale project. Chair Taylor disclosed he met with Messrs. Morris and Camalier and learned about their plans about a month ago. Mr. McCray commented there is a project being developed on Woolbright and the Intracoastal Waterway, and a group had concerns. He asked if he would meet with the group, if needed. Mr. Morris responded he would. Ms. Brooks clarified the Downtown Master Plan envisioned a mixed-use building which was not possible on that small property and staff hoped it would be part of a larger project. The project would form two corners on a major intersection of the downtown. [:1 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Mr. Fitzpatrick thought payment for the land could be used for other projects and was not comfortable moving forward without additional information such as funding and other details. Ms. Brooks explained all the details would be negotiated and brought to the Board. Mr. Fitzpatrick thought the more they moved forward without hard negotiations, the weaker the City's bargaining position was. Motion Mr. Merker moved to approve the Letter of Intent. Mr. McCray seconded the motion. Steve Grant, Mayoral candidate, asked how many stories the building would be and if a traffic study was done and learned, the developer had a preliminary traffic study done and they would hire local residents to work on the project. The motion passed 4-1, (Mr. Fitzpatrick dissenting.) G. Consideration of Publication of a Notice of Intent to dispose Real Property for CRA Owned Property Located at 222 N. Federal Highway. Motion Mr. McCray moved to approve. Mr. Merker seconded the motion that unanimously passed. 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 Mike Simon, Assistant Director, CRA, presented the item. The property is owned by the City and if the CRA was to maintain it, an Interlocal Agreement was needed. Vice Chair Casello and Mr. McCray asked about the cost and learned it would cost about $6,700 per year, mostly due to trash pickup in addition to regular maintenance. The City did not have the funds budgeted for it, but the CRA could decide to maintain it until such time as the City could absorb the cost of the capital improvements. Staff recommended the ILA be terminated September 30, 2018. Motion Mr. Merker moved to approve. Mr. Fitzpatrick seconded the motion that unanimously passed. B. Consideration of Approval of Interlocal Agreement between Boynton Beach CRA and the City of Boynton Beach in regard to the Solid Waste Authority (SWA) of Palm Beach County Grant. 7 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 Ms. Brooks explained this was the agreement between the City and CRA regarding the aforementioned Interlocal Agreement. The SWA wants to know who will maintain the improvements they were paying for. Some were on City land and the City has to maintain them. The agreement clarified the responsibilities of each. Motion Mr. Merker moved to approve. Vice Chair Casello seconded the motion that unanimously passed. C. Consideration of Performance Audit - Boynton Village, LLC - The Preserve Susan Harris, Finance Director, explained this agreement for the Preserve was signed in 2006. It had a clause to defer requesting payment from the CRA until an unspecified time. Last June, a request was received and the Preserve was denied, because the audit was not performed by a CPA. The developer came back with a CPA audit, but there were some issues. This agreement provides for payment based on affordable housing units and affordable rental units. There were no problems with the rental units, but the developer was to provide 23 units classified as affordable, and of the 23 units, there were only five units still owned by the original owners that were affordable units. This was documented and sent to the developer. A week ago, staff and legal had a conference call with the developer to explain staff could not recommend approval of the $67,000 payment to the Board. The CRA's calculations showed payment should be $45,759. The developer agreed to the change. The request before the Board was to approve the first of 10 payments, of different amounts based on the property values each year. This first payment would be $45,759. Mr. McCray questioned if future payments would exceed $45,759 and learned they could, contingent on the value of the property each year. Most units were funded by State money which limits the income of the residents that would limit the value of the property. Ms. Brooks did not anticipate there would be a significant increase. Vice Chair Casello inquired if Ms. Harris will have to check the units each time they submit a request and learned she would. The project was supposed to be market -rate housing. The Board thanked Ms. Harris for her due diligence Ms. Harris explained from 2005 to 2008, the 23 units did qualify, but the property records showed the original owner went bankrupt. There was a short sale and the units were then purchased by investment firms. A few were sold to individuals that were not affordable eligible. Mr. Fitzpatrick noted the agreement indicated there would be 23 units, but with five units, they would receive the $45,759. Ms. Harris explained the payout is based on the number of eligible units. Ms. Harris explained the process to be followed was percentage based and explained the chart is in the meeting backup and clarified the 0 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida issue. Ms. Brooks explained once the developer starts drawing down, the CRA has to keep making payments. Mark Karageorge, 240A Main Boulevard, thanked Ms. Harris for her work and due diligence. He thought there were flaws with the agreement when it was executed. Mr. McCray also pointed out the agreement was executed by the independent CRA Board Chair, not by the current Board. Motion Mr. McCray moved to approve the payment. Mr. Merker seconded the motion that unanimously passed. D. Consideration of Approval of PRH Boynton Beach, LLC's Performance Audit for Year Ending December 31, 2015 for the Casa Costa Project Ms. Harris explained this was the 6th year of a 10 -year agreement. PRH Boynton Beach, LLC met the requirements of the performance audit and the payment this year was $539,578, an increase from last year. Motion Mr. Merker moved to approve. Mr. McCray seconded the motion. Mr. McCray noted the total funds remaining were $596,376 after the payment was made, and he questioned if that was the amount they had to work with until the 10 -year period was up. Ms. Harris explained the value would change each year based on the assessed values, millage rate and the payments could vary. Ms. Harris clarified the CRA received the $539,578 plus the portion for the CRA. Ms. Brooks explained the actual tax increment funding created by the project was $1,135,954. The amount that is paid to the Related Group is 47.5% which is $539,578. The CRA keeps $596,376. Each year the numbers will vary, based on the Property Appraiser's value of the units. Vice Chair Casello noted last year the Related Group received around $480,000. Until recently, the store fronts were empty. The Related Group was receiving over half a million dollars for the last six years. It did not seem developers had the incentives to keep their end of the bargain to attract retail tenants. He thought a future discussion to set the bar higher was warranted, otherwise funding would not be automatic. He was also concerned if the property was sold the DIFA would go with the new buyer. He did not favor transferring the DIFA and thought the new owner should come to the CRA and renegotiate the funding. The motion unanimously passed. Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 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. Motion Mr. McCray moved to approve. Mr. Merker seconded the motion. Vice Chair Casello asked about the closing and legal costs. Mr. Simon explained it would be about $3,000. Chair Taylor thought the acquisition would greatly assist the Model Block Program. Mr. McCray personally thanked staff and pointed out the property was a haven for less than desirable activities. Ms. Brooks explained they will be able to put two homes on the property. The motion unanimously passed. XV. Executive Director's Report: A. CRA Advisory Board Packet for 3/3/16 Mr. McCray noted the CRA Advisory Board packet and commented there was a perception that Board had not been working. He commented the Advisory Board was going through due diligence and he thanked Ms. Brooks for educating them. B. Recap of CRA Plan Consolidation Workshop held 3/2/16 Vice Chair Casello attended the workshop and commented it was pretty well attended. The attendees provided input which was very informative. He commended Ms. Brooks and thought there were many good and exciting things happening in the City. Mr. McCray commented he could not attend, but he thanked Ms. Brooks for the backup. Chair Taylor commented at the last City Commission meeting, there was a group of people concerned about the development of the old Winn Dixie property and he had suggested they meet with the developer. He contacted the developer and a meeting with the group was forthcoming. XVI. Future Agenda Items: 10 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida March 8, 2016 XVII. Adjournment There being no further business to come before the Board, Chair Taylor properly adjourned the meeting at 7:37 p.m. Catherine Cherry Minutes Specialist 03916 11 CRA BOA" MEETING OF: April 12, 2016 X 1 Consent Agenda I I Old Business I I New Business I I Legal I I Information Only Other SUBJECT: Monthly Financial Report SUMMARY: Monthly budget report to the CRA Board representing the revenues and expenses for the month ending March 31, 2016. MORI T:\AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Complated Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 201$ Board MeetingsXApril 2016117INANCE - Financial Report.docx 3-25-2016 03:25 Pm HCK BEACH CPA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 318T, 2016 DI -GENERAL FUND FINANCIAL 8 A2.-GIS-11-TIVE 27,100 27,100 891-42 4,098.12 3,025.71 19,976.17 % OF ADMINISTRATIVE ORIGINAL AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET FINANCE BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING REVENUE SUBSIARY INSURANCES 128,475 128,475 0.00 102,282.6B 0.00 26,192.32 T.I.F.IWCCHE 9,319,593 9,319,593 0.00 9,604,614.00 0.00 ( 285,021.00) 3,06 - MARINA RENT & GRANT INC 1,100,000 1,100,000 t 2,298.61) 320,249.39 0.00 779,750-61 70.09 INVESTMENT INCOME 0 0 0.00 3,317.90 0.00 ( 3,317.90) 0.00 MISCELLANEOUS 0 0 194.29 8,543.00 0.00 ( 8,543.08) 0.00 TOTAL REVElfUES 10,419,593 10,419,593 2,104.32) 9,936,724.37 0.00 482,868.63 4.63 A2.-GIS-11-TIVE 27,100 27,100 891-42 4,098.12 3,025.71 19,976.17 73.71 ADMINISTRATIVE 267,813 267,813 21,690.77 132,213.86 0.00 135,599.14 50.63 FINANCE 202,067 202,067 14,182.58 • 88,526.49 0.00 113,540.51 56.19 INSURANCES 128,475 128,475 0.00 102,282.6B 0.00 26,192.32 2D.39 PROFESSIONAL SERVICES 262,000 262,00014,050.20 61,895.12 67,760.00 132,344.88 50.51 PLANNING 12C,695 120,695 8,485.52 51,784.50 0.00 6grgio.so 57.09 BUILDINGS & PROPERTY 474,000 474,000 24,267.94 142,903.84 34,109.68 296,986.48 62.66 MARINA 1,100,000 11100,000 64,270.26 322,835.00 6,190.25 770,974.75 70.09 fl I- & TECHNOLO 59,560 59,560 1,201.37 19,015.88 16,126.64 24,417.48 41.00 CONTINGENCY 100,000 100,000 0.00 0.00 0.00 100,000.00 100.00 MARKETING 111,101 111,101 9,671.71 49,903.27 0.00 61r197.73 55.08 SPECIAL EVENTS 76,720 76,720 4,910.46 36,206.43 0.00 40,513.57 52.81 EMPLOYEE BEBEFITS 313,422 313,422 12,669.65 119,064.26 0.00 194,357.74 62.01 DEBT SERVICE 2,142,518 2,142,51B 0.00 2,142,518.00 0.00 0.00 0.00 TRANSFER OUT 5,034,122 5,034,122 0.00 5,034,122.00 0.00 0.00 0.00 TOTAL EXPENDITURES 10,419,593 10,419,593 176,291.88 8,307,369.45 127,212.28 1,985,011.27 19.05 RZVENUES OVER/(UNDER) EXPENDITURES 0 a 178,396.20) 1,629,354.92 4 127,212.28)( 1,502,142.64) 0.00 3-25-2016 03:25 pm BOYNTON REVENUE 6 EXPENDITURES REPORT (UNAUDITED) S OF° blARCH 31ST, 2016 01 -GENERAL Jk OF ORIGINALED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET REVENUE S BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED I G T.I.F.INCONE 01-41000 T.I.F. COLLECTIONS 9,319,593 9,319,593 0.00 9,604,614.00 0.00 ( 285,021.00) 3.06- T T.I.F.INCOME 9,319,593 9,319,593 0.00 9,604,614.40 0.00 ( 285,021.00) 3.06- MARINAT C. GRANT INC 01-42115 MARINA RENTS 100,000 100,000 0.00 48,408.00 0.00 51,592.00 51.59 01-42117 MARINA FUEL SALES 11000,000 1,000,000 0.00 272,706.43 0.00 727,293.57 72.73 01-42118 MARINA MISC INCOME 0 0 ( 2,298.61)( 865.04) 0.00 865.04 0.00 TOTAL MARINA RENT & GRANT INC 1,100,000 11100,000 t 2,298-61) 320,249.39 0.00 779,750.61 . 70.89 14RRKETING INCOME FESTIVALS & EVENT INCCbZ INVESTMURT INCOME 01-46100 INTEREST INCOMN 0 0 0.00 3,317.90 0.00 ( 3,317.90) 0.00 TOTAL INVESTMENT INCCHE 0 0 0.00 3,317.90 0.00 ( 3,317.90) 0.00 CONTRIBUTIONS & DONATION MISCELLANEOUS 01-48100 MISCELLANEOUS INCOME 0 0 194.29 8,543.08 0.00 ( 8,543.08) 0.00 TOTAL MISCELLANEOUS 0 0 194.29 8,543.08 0.00 ( 8,543.08) 0.00 OTHER FINANCING SOURCES TOTAL REVENUES 10,419,593 10,419,593 ( 2,104.32) 9,936,724.37 0.00 482,868.63 4.63 -2- 3-25-2016 03:25 PM BOYNTON 21AC6 CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND LEGISLATIVE OF ORIGINAL AbiENDED MONT YFAR-TO-DATZ TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPENDITURES BxmGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PURCHASED/CONMXCT SERV 01-51010-200 cawiRALcFJAL EXPENSE 7,500 7,500 200.00 899.29 3,025.71 3,575.00 47.67 01-51C10-216 ADvERTisiNz & PuBLic NoTi 6,500 6,500 674.24 1,799.12 0.00 4,700.88 72.32 01-51010-225 ASSOC. MEETINGS & SEMINAR lOr75C 10,750 0.00 814.83 0.00 9,935.17 92.42 01-BIOIO-227 DKLZVERY SmRviCmS 400 400 17.18 165.45 0.00 234.55 58.64 TOTAL PURCHASEWCONTRACT SERV 25,156 25,150 891.42 1,678-69 3,02S.71 lBr445.60! 73.34 SUPPLIES 01-51010-310 OFFICE SuPpLizS 750 750 0.00 318.00 0.00 432.00 57.60 01-51010-340 CELLuLAR PHONES 1,200 1,200 0.00 101.43 0.00 1,098.57 91.55 TOTAL SUPPLIES 1,950 1,950 0.00 419.43 0.00 1,530.57 78.49 27,100 27,100 891.42 4,098.12 3,025.71 19,976.17 73.71 3-25-2016 03:25 PM 01 -GENMIAL FUND AMONISTRATIVE ORIGINAL DEPARTMENTAL EXPENDITURES BUDGET BOYNTON BEACH CRA REVENUE & ZXPZNDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 % OF AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET M7TGET ACTIVITY BALANCE ENCUbMRED BALANCE REMAINING PERSONNEL SERVICES 01-51230-100 PER3 SERVICES 229,288 229,288 17,637.56 111,391.80 0.00 117,896.20 51.42 01-51230-115 CAR ALLOWANCE 3,000 3,000 230.76 1,430.70 0.00 1,569.30 52.31 TOTAL PERSONNEL SERVICES 232,208 232,288 17,868.32 112,822.50 0.00 119,465.50 51.13 PURCHASED/CONTRACT SERV 01-51230-225 ASSOC. MEETINGS & SEMINAR 7,800 7r800 1 35.80) 8,651.63 0.00 f 851.63) 10,92- 01-51230-225 RSHIP DUES 5,285 5,285 310.00 4,279.00 0.00 1,006.00 19.04 01-51230-227 DELIVERY SERVICES 750 750 0.00 53.18 0.00 696.82 92.91 01-51230-229 CAREER DEVELOPMENT 10,900 10,900 2,978.30 3,606.08 0.00 7,293.12 66.91 TOTAL PURCHASFM/COKTRACT SERV 24,735 24,735 3,252.50 16r590,69 0.00 8,144.31 32.93 SUPPLIES 01-51230-310 OFFICE SUPPLIES 3,000 3,000 178.61 1,044.51 0.00 1,955.49 65.18 01-51230-315 POSTAGE 2,500 2,500 123.00 807.09 0.00 1,692.91 67.72 01-51230-340 CELLULAR PROMS 2,160 2,160 173.34 854.07 0.00 1,305.93 60.46 01-51230-355 SUBSCRIPTIONS 630 630 95.00 95.00 0.00 535.00 84.92 01-51230-360 BOOKS & PUBLICATIONS Soo Soo 0.00 0.00 0.00 500.00 100.00 TOTAL SUPPLIES 8,790 8,790 569.95 2,800.67 0.00 5,989.33 68.14 2,000 2,000 0.00 0.00 oloo 2,000.00 100.00 2,000 2,000 0.00 0.00 0.00 2,000.00 100.00 TOTAL ADMINISTRATIVE 267,813 267,013 21,690.77 132,213.86 20 0.00 135,599.14 50.63 3-25-2016 03.25 Em BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUMITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND FINANCE w or ORIGINAL A24ENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PERSONNEL SERVICES 01-51325-100 PERSONNEL SERVICES 176,257 176,257 13,558.27 84,060.91 0.00 92,196.09 52.31 TOTAL PERSONNEL SERVICES 176,257 176,257 13,558.27 84,060.91 0.00 92,196.09 52.31 PURCHASED/COWMACT SERV 01-51325-200 CONTRACTUAL EXPENSE 250 250 0.00 175.00 0.00 75.00 30.00 01-51325-201 BmF FEES 1,000 1,000 257.73 1,417.92 0.00 417.92) 41-79- 01-51325-225 ASSOC. MEETINGS & SEMINAR 10F300 10,500 37.23 403.57 0.00 10,096.43 96.16 01-51325-226 mDmRsHip D 820 020 0.00 130,00 0.00 670.00 81.71 01-51325-227 DELIVERY COSTS Soo 300 66.97 117.47 0.00 382.53 76.51 01-51325-229 CAREER DEVELOPMENT 5,000 5,000 0.00 0.00 0.00 5,000.00 100.00 TOTAL PlURCHASED/CONTRACT SERV 18,070 10,070 361.93 2,263.96 0.00 15,606.04 87.47 SUPPLIES 01-51325-310 OFFICE SUPPLIES 2,500 2r500 117.65 649.01 0.00 1,850.99 74.04 01-51325-340 CELLULAR PHONES 1,440 1,440 102.34 571.70 0.00 868.30 60.30 01-51325-355 SUBSCRIPTIONS 1,300 1,300 0.00 099.00 0.00 401.00 30.85 01-51325-360 WOES & PUBLICATIONS 700 700 42.39 81.91 0.00 618.09 88.30 01-51325-365 OFFICE PRINTING COSTS 300 300 0.00 0.00 0.00 300.00 100.00 TOTAL SUPPLIES 6,240 6,240 262.38 2,201-.--62 0.00 4,038.38 64.72 CAPITAL EXPENDITURES 01-51325-400 EQUIPMENT COSTS 1,500 1,500 0.00 0.00 0.00 11500-00 100.00 TOTAL CAPITAL EXPENDITURES 1,500 1,500 0.00 0 0.00 1,500.00 100.00 ■ 202,067 202,067 14,182.50 BOYNTCR BEACH CRA REVENUE & EXPENDITURES R39PORT (umAtMITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND INSURANCES I" % OF ORIGINAL WCUMED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPENDITURES BtMGET 3tmGST ACTIVITY BALANCE ENCtDM3ERED BALANCE RFIQLINING PURCHASED/CONTRACT SERV 01-51410-213 GENERAL PROPERTY COVERAGE 128,475 128,475 0.00 102,282.68 0.00 26,192.32 20.39 TOTAL PURCHASED/CONTRACT SERV 128,475 128,475 0.00 102,282.68 0.00 26r192.32 20.39 I" 3-25-2016 03.25 pm BOYNTON BEACH CPA REVENUE A EXPENDITURES REPORT (UNAUDITED) AS OF. MARCH 31ST, 2016 01 -GENERAL FUND PROFESSIONAL SERVICES Or ORIGINAL AMENDED MONTHLY -TO- TE TOTAL UNENCtaff3razi) BUDGET DEPARTMF14TAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PURCHASEWCONTRACT SERV 01-51420-200 CONTRAC�'�_ EXPENSE 147,000 147,000 2,611.79 26,205.18 28,355.00 90,439.82 61.52 01-51420-201 CONTRACT LEGAL 100,000 100,000 11,305.41 30,594.94 20,000.00 41,405.06 41.41 01-51420-204 CITY STAFF COSTS 15,000 15,000 133.00 3,095.00 11,405.00 500.00 3.33 TOTAL PURCHASED/CONTRACT SERV 262,000 262,000 14,050.20 61,895.12 67,760.00 132,344.80 50.51 TOTAL PROFESSIONAL SERVICES 292,000 262,000 14,050.20 61,895.12 67,760.00 132,344.88 50.51 -7- 3-25-2016 03:25 pm HOON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 01 -GENERAL BUM PLANNING 96 or ORIGINAL AMENDED MONTHLY YZAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTblENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PERSONNEL SERVICES 01-51440-100 PERSONNEL SERVICES 101,275 101,275 7,790.42 48,800.67 0.00 52,474.33 51.81 TOTAL PERSONNEL SERVICES 101,275 101,275 7,790.42 48,800.67 0.00 52,474.33 51.01 PURCHASED/CONTRACT SERV 01-51440-225 ASSOC. ET GS & SEMINAR 4,820 4,820 379.94 1,476.78 0.00 3,343.22 69.36 01-51440-226 bOMERSHIP DUES 2,100 2,100 0.00 50.00 0.00 2,050.00 97.62 01-51440-227 DELIVERY SERVICES 300 300 0.00 54.54 0.00 245.46 81-82 01-51440-229 CAREER DEVELOPMENT 4,300 4,300 0.00 410.00 0.00 3,890.00 90.47 TOTAL PURCHASED/CONTRACT SERV 11,52011,52U 379.94 1,991.32 0.00 9,528.68 82,71 SUPPLIES 01-51440-310 OFFICE SUPPLIES 1,500 1,500 117.65 598.98 0.00 901.02 60.07 01-51440-340 CELLULAR PHONES 900 900 52.01 244.04 0.00 655.96 72.88 01-51440-355 SUBSCRIPTIONS 1,700 1,700 0.00 0.00 0.00 1,700.00 100.00 01-51440-360 BOOKS & PUBLICATIONS 300 300 0.00 3.99 0.00 296.01 98.67 01-51440-365 OFFICE PRINTING COSTS 3,500 3,500 145.50 145.50 0.00 3,354.50 95.84 TOTAL SUPPLIES 7,900 7,900 315.16 992.51 0.00 6,907.49 87.44 CAPITAL EXPENDITURES DEPRECIATION & AMORT 120,695 120,695 8,485.52 51,784.50 0.00 68,910.50 57. (E 3-25-2016 03:25 PK 01 - UI ING UILDINGS & PROPERTY ORIGINAL DEPARTMENTAL EXPENDITURES BUDGET BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (tMUDITED) AS OF: MARCH 31ST, 2016 w OF AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAININQ PURCHASED/CONTRACT SERV 01-51620-200CCNTRACFJAL EXPENSE 3,500 3,500 370.88 960.74 0.00 2,539.26 72.55 01-51620-201 PROPERTY TAXES f, ASSOC. D 75,000 75,000 0.00 744.15 0.00 74,255.85 99.01 01-51620-205 RENTAL OF r. ,:.S 91,000 91,000 7,120.42 4B,479.02 0.00 42,520.98 46.73 01-51620-208 EQUIPMENT LEASES 19,500 19,500 1,441.64 6,332.94 6,24B.18 6,918.88 35.4B 01-51620-209 PROPERTY MALINTENENCE COST 235,000 235,000 13,533.01 77,395.29 27F86"50 129r743.21 55.21 01-51620-224 SIGNAGE 20,000 20f000 0.00 2,441.50 0.00 17r559.50 87.79 TOTAL PURCHASED/CONTRAZT SERV 444,000 444,F0_0 22,465.95 136,353.64 34flO9.68 273,536. 61.61 SUPPLIES 01-51620-325 ELECTRICITY COSTS 15,000 15,000 518.67 3,238.88 0.00 11,761.12 78.41 01-51620-326 WATER CHARGES 15,000 15,000 1,283.32 3,311.32 0.00 11,688.68 77.92 TOTAL SUPPLIES 30,000 35,000 1,801.99 6,550.20 0.00 23,449.80 78.17 Ile 'TOTAL BUILDINGS & PROPERTY 474,000 474,000 24,267.94 142,903-84 34,109.68 296r986-48 Na 3-25-2016 03:25 Pm 01 -Gm=RAI. FUND MARINA ORIGINAL DEPARTMENTAL EXPENDITURES BUDGET I- - :,y •i BEACH CRA L:ZVENUZ & EMMMITURES REPORT (tnQUDITED) AS OF: MARCH 31ST, 2016 % or AMENDED MONTHLY YFAR-TO-13ATE TOTAL UNENCUMBERED BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING 01-51630-200 CONTRACTUAL 600 600 0.00 450.00 0.00 150.00 25.00 01-51630-209PROPERTY MAINTENENCE 23,885 23,885 3,62B.00 9,169.48 6,190.25 8,525.27 35.69 01-51630-241 MARINA FUEL VlANA GEMENT 171,435 171r435 14,286.25 85r717.50 0.00 85,717.50 50.00 01-51630-242 MARINE FUEL STATION OVERK 28,360 2B,360 1,490.35 9,397.70 0.00 18,962.30 66.86 TOTAL PURCHASED/CONTRXCT SERV 224,280 224,280 19,404.60 104,734.68 is,l91.T5- 113,355.07 50.54 SUPPLIES 01-51630-310 OFFICE SUPPLIES 1,000 1,000 0.00 242.74 0.00 757.26 75.73 01-51630-325 ELECTRIC COSTS 9,120 9,120 426.31 3,100.52 0.00 6r019.48 66.00 01-51630-326 WATER COSTS 3,600 3,600 392.66 2,002.64 0.00 1,597.36 44.37 01-S1630-327 GASOLINE & DEISEL FUEL PU 850,000 850r000 43,559.56 209,308.76 0.00 640,691.24 75.38 01-51630-328 MARINA DIESEL SALES TAX 12,000 12,000 487.13 3,445.66 0.00 8,554.34 71.29 TOTAL SUPPLIES 875,720 075, 44,865.66 21B,100.32 0.00 657,619.68 75.09 CAPITAL EXPENDITURES TOTAL MARINA 1,100,000 1,100,000 64,270.26 322r635.00 ff" 6,190.25 770,974.75 70.09 3-25-2016 03:25 RM BOYNTON BEACH CRA REVENUM & EXPENDITURES REPORT (UNAUDITED) 01 —GENERAL FUND AS OF: MARCH 31ST, 2016 COMMNICATIONS & TzC OF ORIGINAL AMPAMED MONTHLY YEAR—TO—DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL ElUMMITURES BUDGET BUDGET ACTIVITY BALANCE E BALANCE RFMAINING lu fl, I I - I a C, 01-51650-200 CONTRACTUAL EXPENSE 3,000 31000 0.00 1,2DO.00 0.00 1,800.00 01-51650-210 CITY IT SUPPORT 26,000 26,000 0.00 7,828.64 16rl26.64 2,044.72 01-51650-211 CCHPUTER SOFTWARE & LICEN 3r5OO 3,500 0.00599.99 2,900.01 01-51650-212 rn;ANctAL SOFTWARE MAM�TE 9,500 9,500 oloo 2,970.00 0.00 6,530.00 TOTAL PURCHABED/CONTR&CT SERV 42,000 42,00 0.00 12,598.63 16,126.64 13,274.73 31-.ffl SUPPLIES 01-51650-330 TELEPHONE LINES TOTAL SUPPLIES 8,560 8r560 481.40 2,537.61 0.00 6,022.39 70.36 8,560 8,560 481.40 2,537.9-1 0.00 _5,022.39 70.36 9,000 9,000 719.97 3,879.64 0.00 5,120.36 56.89 9,000 9,000 719.97 3,879.64 0.00 5,120.35 56.89 59,560 59,560 1,201.37 im 19,015.Be 16,126.64 24,417.48 41.00 3-25-2016 03:25 Pm BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND CONTINGENCY % OF ORIGINAL AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPART14ENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUBMERED BALANCE R• nYIKG PURCHASED/CONTRACT SERV 01-51990-200 CONTRACTUAL EXPENSE 100,000 100,000 0.00 0.00 0.00 100,000.00 100.00 TOTAL PURCKASED/CCNTRACT SERV 100,000 100,000 0.00 0.00 0.00 100,000.00 100.00 TOTAL CONTINGENCY 100,000 100,000 0.00 0.00 0.00 100,000.00 100.00 -12- 3-25-2016 03:25 PK HaON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND 14AREETING OF ORIGINAL AMENDED MONTHLY YEAR-TO-DATZ TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PERSONNEL SERVICES 01-57400-100 PERSONNEL SERVICES 58,406 58,406 4,492.80 27,586.18 0.00 30,819.82 52.77 TOTAL PERSONNEL SERVICES 58,406 58,406 4,492.80 27,586. 0.00 30,019.82 52.77 PURCKASED/CCKTRACT SERV 01-57400-216 ADVERTISING & PUBLIC NOTI 6,000 61000 0.00 225.00 0.00 5,775.00 96.25 01-57400-218 ANNUAL REPORT & BROCHURES 5,000 5,000 0.00 1,604.96 0.00 3,395.04 67.90 01-57400-225 ASSOC. MEETINGS S SEMINAR 6,275 6,275 139.26 331.73 0.00 5,943.27 94.71 01-57400-226 MEMBERSHIP DUES 5,100 5,100 1,725.00 4r300.00 0.00 800.00 15.69 01-57400-227 DELIVERY SERVICES 4,000 4,000 0.00 0.00 0.00 4,000.00 100.00 02-57400-229 CAREER DEVELOPMENT 1,800 1,800 0.00 0.00 0.00 1,800.00 100.00 01-57400-236 PHOTOGRAPHY / VIDEOS 15,000 15,000 300.00, 11,600.00 0.00 3,400.00 22.67 TOTAL PURCHASZD/COKTRACT SERV 43,175 43,1719 2,164.26 18r061.69 0.00 25,113.31 58.17 SUPPLIES 01-57400-310 OFFICE SUPPLIES 1,500 1,500 117.65 651.05 0.00 848.95 56.60 01-57400-340 CELLULAR PHONES 720 720 60.00 360.00 0.00 360.00 50.00 01-57400-355 SUBSCRIPTIONS 1,000 1,000 0.00 407.35 0.00 5.02.65 59.27 01-57400-360 HOOKS & PUBLICATIONS 300 300 0.00 0.00 0.00 300.00 100.00 01-57400-365 OFFICE PRINTING COSTS 6,000 6,000 2,837.00 2,837.00 0.00 3F163.00 52.72 TOTAL SUPPLIES 9,520 9,520 3,014.9-5 4,255.40 0.00 5,264.60 5570 I I �-- I W 111,101 111,101 9,671.71 ff" 49,903.27 0.00 61,197.73 55.08 3-25-2016 03:25 PM BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF; MARCH 31ST, 2016 01 -GENERAL FUND SPECIAL EVENTS OF ORIGINAL AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPART24WTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PERSONNEL SERVICES 01-57500-100 PERSONNEL SERVICES 46,350 46,350 3,565.39 21,836.28 0.00 24,513.72 52.89 TOTAL PERSONNEL SERVICES 46,350 46,350 3,565.39 21,836.28 0.00 24,513.72 52.89 PURCHASED/CONTRACT SERV 01-57500-225 ASSOC. MEETINGS & SEMINAR 5,300 5,300 165.00 3,156.53 0.00 2,143.47 40.44 01-57500-226 MEMBERSHIP DUES 500 Soo 0.00 450.00 0,00 50.00 10.00 01-57500-229 CAREER DEVELOPMENT 1,800 1,800 0.00 0.00 0.00 1,800.00 100.00 TOTAL PURCHASED/CONTRACT SERV 7,600 7,600 165.00 3,676.53 0.00 3,993.47 52.55 SUPPLIES 01-57500-310 OFFICE SUPPLIES 1,500 1,500 117.64 706.05 0.00 793.95 52.93 01-57500-340 CELLULAR PHONES 720 720 60.00 360.00 0.00 360.00 50.00 01-57500-355 SUBSCRIPTIONS 250 250 0.00 0.00 0.00 250.00 100.00 01-57500-360 BOOKS a PUBLICATIONS 300 300 0.00 0.00 0.00 300.00 100.00 TOTAL SUPPLIES 2,170 2,770 177.64 1,066.05 0.00 1,703.95 61.51 CAPITAL EXPENDITURES 01-57500-400 EQUIPMENT COSTS 20,000 20,000 1,002.43 9,697.57 0.00 10,302-43 51.51 TOTAL CAPITAL EXPENDITURES 20,000 20,000 1,002.-43 9,697.377 0.00 10,302.43 51.51 DEPRECIATION & AMORT TOTAL SPECIAL EVENTS 76,720 76,720 4,910.46 36,206.43 0.00 40,513.57 52.81 m RJF��41 , �. 01 -GENERAL rUND EMPLOYEE BEBEFITS ORIGINAL DEPARTMENTAL EXPENDITURES BUDGET BOYNTON BEACH CRA REVENUE rw E2MMMITURES REPORT (UNAUDITED) AS OF. MARCH 31ST, 2016 % OF AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED ELAIANCE REMAINING PERSONNEL SERVICES 01-59000-151 F.I.C.A. 37,918 37,918 2,916.76 18,207.93 0.0c 19,710.07 51 01-59000-152 MEDICARE 9,174 9,174 659.47 3,998.06 0.00 5,175.94 56 01-59000-153 RETIREMENT PLAN 401(a) 123,315 123,315 0.00 32,910.00 0.00 90,405.00 '73: 01-59000-154 WORKERS CCHP INSURANCE 3,500 3,500 1,891.15 1,891.15 C.00 1,608.8s 45. 01-59000-155 HEALTH INSURANCE 815,400 86,400 6,677.12 58,819.72 0.00 27r58O.28 31 01-59000-156 DENTAL INSURANCE 3,840 3,840 242.39 1,456.92 0.00 2,383.08 62: 01-59000-157 LIFE INSURANCE 960 960 48.59 291.55 0.00 668,45 69. 01-59000-158 SHORT / LONG TERM DISABIL 2,835 2,835 206.17 1,313.77 0.00 1,521.23 5 3. 01-59000-159 UNEMPLOYMENT CHARGES 10,000 10,000 0.00 0.00 0,00 10,000.00 0 0 1 ) 0 o . 01-59000-160 VISION INSURANCE 480 480 28.00 175.16 0.00 304.84 63. 01-59000-161 COMPENSATED ABSENSES 35,000 35rOOO 0.00 0-00 0.00 35,000.00 100ii. TOTAL PERSONNEL SERVICES 313,422 313,422 12,669-6-5 119,064.26 0.00 194,357.74 62AM TOTAL EMPLOYEE BzBzrITS 313,422 313,422 12,669.65 119,064.26 0.00 194,357.74 62 . m 3-25-2016 03:25 PM BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 01 -GENERAL FUND DEBT SERVICE or ORIGINAL AMENDED MONTHLY YEAR-TO-DATZ TOTAL UNENCUMBERED BUDGET DEPART14ENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REWLINING DEBT SERZ'.CCZ OTHER FINANCING USES 01-59800-990 TRANS OUT TO DEBT SERVICE 2,142,518 2,142,519 0.00 2,142,518.00 0.00 0.00 0.00 TOTAL OTHER FINANCING USES 2,142,518 2,142,518 0.00 2,142,518.00 0.00' 0.00 0.00 2,142,518 2,142,518 0.00 2,142,518.00 0.00 0.00 0 00 m 3-25-2016 03:25 PH ,H T CH CRA REVENUX & EXPENDITURES REPORT (UNAUDITED) 01 -GENERAL FUND AS OF: MARCH 31ST, 2016 TRANSFER OUT 96 OF ORIGINAL AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL E BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REb9aNING OTHER FINANCING USES 01-59999-990 -INTERFUND TRANSFERS OUT 5,034,122 5,034,122 0.00 0.00 0.00 0.00 TOTAL OTHER FINI24G USES 5,034,122 5,034,122 0.00 ,5,034,122.00 5,034,122.40 0.00 0.00 0.00 TOTAL TRANSFER OUT 5,034,122 5,034,122 0.00 5,034,122.00 0.00 0.00 0.00 TOTAL ExPENDITURES 10,419,593 10,419,593 176,291.88 8,307,369.45 127,212.28 1,985,011.27 19.05 REVENUES OVER/(UNDER) EXPENDITURES 0 0 178,396.20) 1,629,354.92 # 127,212.28)( 1,502,142.64) 0.00 MirA 3-252016 03:25 Pm BOYNTON BEACH CRA REVENUE & EMI=I REPORT (UNAUDITED) 02 -PROJECTS FUND AS OF: MARCH 31ST, 2016 FINANCIAL SUMMARY ffm ORIGINAL AbONDED MONTHLY YZAR-TO-DATZ TOTAL UNENCUM[BERED w OF BUDGET BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING REVENUE SUMMARY FESTIVALS & EVENT INCOME 0 0 0.00 28,764.61 0.00 ( 28,764.61) 0-00 INVEST14mu INCOME M3:3CEIJJLNEOUS 0 0 0.00 3,726.27 0.00 ( 3,726.27) 0.00 OTHER FINANCING SOURCES 0 7,612,182 0 7,612,102 100.00 0.00 801.03 5,034,122.00 0,00 0.00 ( 801.03) 2,57e,060loo 0.00 33.87 TOTAL REVENUES 7,612,182 7,612,1e2 100.00 5,067,413.91 0.00 2,544,768.09 33.43 EXPENDITURE $UMDORY OPERATING EXPENSES 1,028,210 1,028,210 14,208.29 45,628.91 6,000.00 976,581.09 94.98 CAPITAL OUTLAY ECONCMIC DEVELOPMENT 3,791,972 3,791,972 24,308.52 359,497.23 224,750.00 3,207,724.77 84.59 PROJECTS AND PROGRAIdS 2,032,000 2,032,000 642,373.25 753,441.75 87,253.75 1,191,304.50 58.63 L60 1000 760,000 6,512.93 — __.LO7,138.73 223,335.00 129,526.27 17.04 TOTAL EXPENDITURES 7,612,182 7,612,182 689,402.99 1,565,706-62 541,338.75 5,505,136.63 72.32 REVENUES R/( E) EXPENDITURES 0 0( 689,302-99) 3,501,707.29 Q 541,338.75)( 2,960,368-54) 0.00 ffm 3-25-2016 03:25 PM BOYNTON BEACH CRA REVENUE & EMYENDITURES REPORT(UNAUDITED) AS OF; MARCH 31ST, 2016 02 -PROJECTS PUND OF ORIGINAL ED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET REVENUES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING FESTIVALS & EVENT INCOME 02-44100 FESTIVAL & EVENTINCKds TOTAL Ir E INVESTMENT r r- 02-46100 INTEREST INCOME TOTAL INVESTMENT C 1. MISCELLANEOUS 02-48100 r ►, rR TOTAL MISCELLANEOUS OTHER FINANCING SOURCES -• r:. + •rr r� 0 0 0.00 28,764.61 0.00 ( 28,764.61) 0.00 0 0 d.00 28,764.61 0.00 ( 28,764.61) 0.00 0 0 0.00 3,726.27 0.00 ( 3,726.27) 0.00 0 0 0.00 3,726.27 0.00 ( 3,726.27) 0.00 0 0 100.00 801.03 0.00 ( 801.03) 0.00 0 0 100.00 801.03 0.00 ( 801.03) 0.00 2,578,060 2,578,060 0.00 0.00 0.00 2,578,060.00 100.00 5,034,122 5,034,122 0.00 5,034,122.00 0.00 0.00 0.00 7,512,182 7,612,162 0.00 5,034,122.00 0.00 2,578,060.00 33.87 7,612,182 7,612,182 100.00 5,067,413.91 0.00 2,544,768.09 33.43 ffm 901 7 �70 02 —PROJECTS FUND OPERATING EXPENSES ORIGINAL DEPARTMENTAL EXPENDITURES BUDGET BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 % OF AMENDED MONTHLY YEAR—TO—DATE TOTAL UNENCUMBERED BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PURCHASED/CONTRACT SKRV 02-58100-202 CONTINGENCY EXPENSE 100,000 100,000 0.00 0.00 0.00 100,000.00 100.00 02-58100-203 CONTRACTUAL EXPENSE 767,210 767,210 6,332.50 16,665-68 0.00 748,544.32 97.57 02-58100-207 RENT EXPENSE 11,000 ilr000 1,000.00 3riii .00 6,000.00 2,000.00 18.18 02-58100-213 LEGAL rzEs 150,000 150,000 6,875.79 23,963.23 0.00 126,036.77 84.02 TOTAL PURCHASED/CONTRACT SERV 1,028,210 1,020,210 14,209.29 45o628.91 6,000.00 976,58179— 94.98 TOTAL OPERATING EXPENSES 1,028,210 1,028,210 14,208.29 45,628.91 6,000.00 976,581.09 94.9-�� !pTla 3-25-2016 03:25 FM BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) 02 -PROJECTS PUND- AS OF: MARCH 31ST, 2016 CAPITAL OUTLAY OF CRIGINAL AMENDED MONTHLY YKAR-TO-13ATIE TOTAL UNENCUMBERED BtmQET DEPARTMENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING CAPITAL EXPENDITURES 02-58200-101 -BUIIMINGS 837,285 837r285 113,145.00)( 945.00) 0.00 838,230.00 100.11 02-58200-402 ImPROvEmENTs 78,822 78y822 0.00 60,036.00 0.00 18,786.00 23.83 02-58200-404 CONSTRUCTION IN PROGRESS 2,025,665 2,025,865 23,058.52 171rS40.93 2,750.00 1,851,274.07 91-38 02-58200-405 SITE WORK AND DEMOLITION 100FOOO 100,000 250.00 4,070.30 20,000.00 75,929.70 75.93 02-58200-406 INIPRASTRUCTURE AND STREET 750,000 750,000 114,145.00 124,495.00 202,000.00 423,505.00 56.47 TOTAL CAPITAL EXPENDITURES 3�791F972 3,791,972 24,308.52 359,497.23 224,750.00 3,207,724.77 84.59 TOTAL CAPITAL OUTLAY 3,791,972 3,791,972 24,308.52 359,497.23 224,750.00 3,207,724.77 84.59 m 3-25-2016 03:25 pm BOYNTON BEACH CPA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 02 -PROLIECTS: FUND ECONOMIC DEVELOPMENT DEPARTMENTAL EXPENDITURES ORIGINAL AMENDED MONTHLY -TO- TE TOTAL UNENCUMBERED OF BUDGET BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING CAPITAL EXPENDITURES 02-58400-443 -DIFA-EComcmic DEVELOPMENT 1,240,000 1,240,000 634,565.00 634,565.00 0.00 605,435.00 48.83 02-38400-444 EC DEVELOPMENT GRAN 650,000 650,000 7,428.75 42,694.23 87,253.75 520,052.02 80.01 02-58400-445 MARKETING INCENTIVES ---2,-032,000 - 142,000 142,000 379.50 76,182.52 0.00 65F817.48 46.35 TOTAL CAPITAL EXPENDITURES 2,032,000 ---64-2,373.25 753,441.75 87,233-75 1,191,304.50 .50 58- .63 TOTAL ECONOMIC DEVELOPMENT 2,032,000 2,032,000 642,373.25 753,441.75 07,253.75 1,191,304.50 58.63 !1p* -a 3-25-2016 03.25 PM BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OFMARCH 31ST, 2016 02 -PROJECTS FUND PROJECTS AND PROGRAM 96 or ORIGINAL ADONDED MONTHLY YKAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPMITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING CAPITAL EXPENDITURES 02-58500-460 COMUNITY POLICING INNOVA 200,000 200,000 42.00 26,707.00 173,335.00 42.00) 0.02- 02-58500-470 CCbddUNITY SUPPORT PROJECT 150,000 150,000 0.00 0.00 50,000.00 100,000.00 66.67 02-58500-480 COKKUNITY SPECIAL EVENTS 41D,000 410,000 8,470.93 380,431.73 0.00 29,568.27 7.21 TOTAL CAPITAL EXPENDITURES 760,000 760,000 8,512.93 407,138.73 223,335.00 129,526.27 17.07 TOTAL PROJECTS AND PROGRAMS 760,000 760,000 8,512.93 407,136.73 223,335.00 129,526.27 17.04 -23- 3-25-2016 03:25 PX 02 -PROJECTS FUND TRANSFER OUT - ASSET TPA DEPARTMENTAL EXPENDITURES BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT ■, AS OF: MARCH 31ST, ■ I OF ORIGrKA.L AMENDED MONTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET BUDGET BUDGET ACTIVITY BALANCE ElqCUbMRED BALANCE RmaLmiurz TOTAL EXPENDITURES 7,612,182 7,612,182 689,402.99 1,565,706.62 541,338.75 5,505,136.63 72.32 REVENUES OVER/(UNDER) EXPENDITURES 0( 689,302.99) 3,501,707.29 541,338.75)( 2,960,368.54) 0.00 3-25-2016 03:25 PM BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) 03 -DEBT SERVICE AS OF. MARCH 31ST, 2016 FINANCIAL 9 -25- ORIGINAL AMENDED MONTHLY YEAR-TO-DATE TOTAL UklENCUMERED 1 OF BUDGET BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING REVENUE S INVESTMENT INCOME OTHER FINANCING SOURCES 0 2,142,518 0 2,142,518 0.00 348.68 0.00 ( 348.68) 0.00 0.00 2,142,518.00 0.00 0.00 0.00 TOTAL REVENUES 2,142,518 2,142,518 0.00 2,142,866.68 0.00 ( 348.68) 0.02 - EXPENDITURE SUMMARY DEBT SERVICES 2,142,519, 2,142,518 426,694.�89 426,694.89 0.00 1,715,823.11 80.08 TOTAL EXPENDITURES 2,142,518 2,142,518 426,694.89 426,694.89 0.00 1,715,823.11 80.08 REVENUES /{ E) EXPENDITURES 0 0 Q 426,694.89) 1,716,171.79 0.00 4 1,716,171.79) 0.00 -25- 3-23-2016 03:25 Pm BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT (UNAUDITED) AS OF: MARCH 31ST, 2016 03 -DEBT SERVICE OF ORIGINAL AMENDED MONTHLY -TO- TE TOTAL UNENCUMBERED BUDGET REVENUES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING INVESTMENT INCCME 03-46100 INTEREST INCOME 0 0 0.00 348.68 0.00 ( 348.68) 0.00 TOTAL INVESTMENT INCOME o 0 0.00 348.68 -0.00 ( 348.69) 0.00 OTHER FINANCING SOURCES 03-49900 TRANSFERS IN 2,142,518 2,142,518 0.00 2,142,518.00 0.00 0.00 0.00 TOTAL OT HXR FINANCING SOURCES 2,142,518 2,142,518 0.00 2,142,318-00 0.00 0.00 0.00 TOTAL REVENUES 2,142,518 2,142,518 0.00 2,142,866.68 0.00 ( 348.68) 0.02- 5TM 3-25-2016 03:25 Pm BOYNTON BEACH CRA REVENUE & E)MMMITURSS REPORT (UNAUDITED) AS Or., MARCH 31ST, 2016 03 -DEBT SERVICE DEBT SERVICES or ORIGINAL AMENDED MCKTHLY YEAR-TO-DATE TOTAL UNENCUMBERED BUDGET DEPARTMENTAL EXPENDITURES BUDGET BUDGET ACTIVITY BALANCE ENCUMBERED BALANCE REMAINING PURCHASED/CONTRACT SERV 1*4* AWNID93 03-59800-810 LOAN PRINCIPAL-BQA 292,214 292,214 144,267.06 144,267.06 0.00 147,946.94 50.63 03-59800-814 BCND 2012 PRINCIPAL 927,000 927,000 0.00 0.00 0.00 927,000.00 100.00 03-59800-815 BOND 2015 PRINCIPAL 360,000 360,000 0.00 0.00 0.00 360,000.00 100.00 03-59800-820 LOAN INTEREST -BOA 12,474 12,474 8,151.81 8,151.Bi 0.00 4,322.19 34.65 03-59800-824 BOND 2012 INTEREST 384,665 384,665 191,693.51 191,693.51 0.00 192,971.49 50.17 03-59800-826 BOND 2015 INTEREST 165,165 165,165 82,582.51 82,582.51 0.00 82,582.49 50.00 03-59800-830 FINANCIAL AGENT FEES 1,000 1,000 0.00 0.00 0.00 1,000.00 100.00 TOTAL DEBT SERVICE 2,142,516 2,142,518 426,694.89 426,694.89 0.00 1,715,823.11 80.6-8 OTHER FINANCING USES TOTAL DEBT SERVICES 2,142,518 2,142,518 426,694.89 426,694.89 -27- 0.00 1,715,823.11 80.08 3-25-2016 03:25 Fm OTHER FINANCING USE BOYNTON BEACH CRA REVENUE & EXPENDITURES REPORT AS OF: rr2016 o ORIGIMAL AMENDED MONTHLY YEAR—TO—DATE TOTAL UNENCUMBERED BUDGET BUDGET BUDGET ACTIVITY BALANCE ENCUldBERED BALANCE RMbg"INC TOTAL EXPENDITURES 2,142,518 2,142,51B 426,694.89 426,694.B9 0.00 1,715,823.11 80.08 REVENUES R/( R) EXPENDITURES 0 0 ( 426,694.69) 1,716,171.79 0.00 � 1,716,171.79) 0.00 %hlz CRA BOARD MEETING OF: April 12, 2016 -- Agenda s t. rii } _ Business Legal Information SUBJECT:Purchase ► - 11 ► ►' x 11 ff ' 111 ! ' T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS%Completed Agenda Item Request Forms 6y Mestfng\CRA Boari 2015 - 2016 Board MeetingMApril 20161FINANCE - Purchase Order Report.docx Boynton Beach CRA Purchase Order Report March a a ! Description +_+ i U1111Project Hargrove Property Purchase for Model Block 2016 CRA COMMENT LOG q+. Method �6 d} \ .(();\l}�f�y� J,If n+l��J�it IiS Ist, ` ,Commentiii ! t -Comment 3/14/2016 Email Jeannette Does not approve of giving Molina 222 N. Federal Highway to Mr. Camaller for the One Ocean Boynton, Inc. project Sent: Saturday, March 12, 2016 2:45 PM To: Brooks, Vivian Cc: Simon, Michael q;ubject: One Ocean IIIIIN Wr 0 1 - AMFUNTIT, . 0 i 1�111juNW-UrTIET IfETT1917"ra =101�1-UTYTYMMET�E'Fk land away to make it happen? I I I 1ITTIF W.Twoln IT.Tv PrIN IS: I I '05 1 1i W I It is my hope that you give this matter some thought before moving forward. Please thh* of doing something for the average person. It would be a beautifW thing. fim, I �11 � Michael Simon, Assistant Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. I Boynton Beach, Florida 33435 o: 561-600-9091 1 f: 561-737-3258 Simon Mobbfl. us I www.catchbgy ton.com NOYBAOCICRA 1�� �11011 CRA BOARD MEETING OF: April 12, 2016 I Consent Agenda I I Old Business I I New Business I I —Legal I X I Information Only SUMAL&RY: The State of Florida requires all community redevelopment agencies to file an Annual Report, on or before March 31 of each year. The Annual Report must contain the CRA's activities for the past fiscal year, which includes financial information regarding assets, liabilities, income, and operating expenses. The CRA is also directed to publish a notice that the report has been file with the county and/or municipality, and that the report is available for review during business hours or available on the CRA's website. The 2015 Annual Report (Exhibit A) was distributed to over 5,000 residents in the 33435 zip code as an insert in the Boynton Forum, Sun Sentinel and Jewish Journal. In addition, the Annual Report also includes capital projects, improvements to Boynton Beach's downtown and information about special events. The Annual Report is an ideal marketing tool and was included in the marketing packets which include the grant incentives delivered to the Business Development Board. FISCAL IMPACT: $2,350 cost to design, $2,837 cost to print and $162.50 cost to insert in the Sun Sentinel publications, Total Cost- $5,349.50 T:XAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Completed Agenda Item Request Forms by MeetlnglCRA Board\FY 2015 - 2016 Board Meetings\April 20161Annual Report 2015.docx Dear Residents and Business Owners of Boynton Beach, Asyour Mayorand the Chair afthe Boynton Beach Community Redevelopment Agency. I'm happy to present the annual report of the Boynton Beach Community Redevelopment Agency. The CRA Is charged with redeveloping 1,650 acres In eastern Boynton Beach. As you drive through the Heart of Boynton and Wong the Federal Highway Corridor �I you can't help but notice the visible chars that have and are occurrirg. The CRA continues he dedicateks resourcesW ds making the CRA and City a betterplambolivewank and playfor everyone. From much needed new retail at Martin Luther King, Jr. Boulevard and Seacrest to the much anticipated 500 Ocean development which is urder construction and will be completed at the end of 2017, positive change Is In the air for downtown Boynton Beach. Other CRA projects Include new entry feature signs at north and south Federal guaranteed to help give visitors a new idea about Boynton Beach. Phase III ofthe Boynton Harbor Marina Redevelopment project Is underway and will completethe Mrina improvements. The Marina isthe crownfewel In thedountoun area serving residents and tourists. Adding life to Ocean Avenue is a priority of the CRA and to help with that the CRA Installed colorful lights In the sidewalks to Ilght up the trees. The lights change mlor to reflect holidays orcharitable The City and CRA are tell atmratingon a housing development project In the Heart of Boynton that promises the American Dream of homeownership and will Improve an entire block in this neighborhood. There is more plvate development in the pipeline that promises to help with the hllhllmentafcrcffingafu Stay tuned for mom good news! 2015 BOYNTC3 N I Fay h{ The Community Redevelopment Agency Is funded through tax increment revenues Properties located in the CRA district do NOT pay any additional property taxes; rather, a portlonoftheamnual Cityard CaiMytaxescollected In the redevelop entrea Pstr2referned tothe CRAfor redevelopment actvitim The greater the increase in taxable property values overthe CRA's base year (19821.the larger the incremental increase In revenues transferred to the CRA. Other sources of funding for redevelap anent activities include the issuance of taxable andnontaxablebonds. The Arrays. tax lncrement fund revenues increased by 18.5% or SL3 million to approximately 58.3 during the fiscal year 201415. 'Rds resulted primrfly fronx 111 Increased property values by 12% within the CRA district from residential, muhf-family, condominiums and canmercial properties, and (2) the completion and Inclusion on the tax rolls of the Seaboum Cave Phase II rental properties bringing 146 'green' rental unlisto thedistrict The Boynton IlleactiCKNotmandalstatemimtsmayboPl at . mor may request a copy by calling 561-737-3256. Rnanc,ials as of SepWm.ber;; Q 201.5 ASSETS & LIABILITIES Total Assets $ 35.705.473 . Total Liabilities $20,539,905 Tax lnccrement Revenue $8.317,868 86A% Interest Revenue $43,597 015% OtherRevenue $1,254824 18.5% Total Rovanuas.......-$$9A16.289 ..... 300°!0..... E-�'.e11f1iRn['±. 7 Sincerely I` General Government $2,726,307 3796 Mayer C Mayar6CRA Ghair j`-_,-,� Capital Outlay& Redt5mim-Annul $3,020,031 40% fiebt Service -Annual $1,696,859 23% Total Expcndlturas $7443,197 100% 2015 C RA Board hair � JERRY TAYLOR ViceChair IJOE CJ5S1"LLO Capital Prajec � bef solitlon of auildingfor Boynton Marina Open Space Project Demolition of the old Marina building was the first phase of the Boynton Harbor Marina Open Spam "act which is the final Owe of the Boynton Harbor Marina Redevelopment Project The Open Space Project consists of creatinggreen space and sesting areas for people to waft to tassel ter fishing or dW charters or to sknply relax and watch the boats. The coepleffon of the Marina has long been a goal of the adopted CRA plans. The redevelopment of the Marina creates anattrective,furKtonal emawnnic driver that will offer tourism opportunity and enhance the visitor's ovesa% experience. The Marina redevelopment project Is an integral component of the Boynton Beach Downtown Master Plan. The Open Space project construction will begin in summer of 2016. I Boynton Beach Weloorm Signage Project j The completed installation of the Boynton Beach"wekame'slges lasted at North Ijl and South Federal Highway enhances this exlsdng entrance signage areas and creates a oT adwel 7humilfishmd ispartofbadhg the City's fshag trdlton with a colorfnd modern Peak to Incresse, swore of Downtown Boynton Beach as a destlnadan. I r ouy®riurr—asuc®rs®ucev —.1— The Model Block project is a collaboration between the City of Boynton Beach and the CRAto revitalize an entre blockwest of Seacrest along W. Martin Luther King, Jr. Blvd. and N.W. 11th Avenue. The scope of work Includes building new far -sale single- family homy streetscape, new utiltfes along NW. 11th Avenue and the extension of N.W. 11th Avenue from Seacrestto N.W. ist Street. As of the end of 2D15,two homes have been mrstructed and sold and two additional hums are in the process of being aerstructecL Atthe completion of the project, apprmhauteNfrlteen naw homes coup be built creating stability for the neighborhood. j Faifillyallar Family Dollar shoppers were greeted with fanfare and festivities as the Family Dollar store opened its doors an October 29,2015. The new 8,100 squaredoot store located at 100 N.E. 14th Avenue features Family Dollar's newest layout designed to make shopping easier. The new stare not only provides shoppers with everyday value and omrmnlance,ltalsomatedjehs in the community. This project Isthe first commercial development project In the Heart of Boynton in over 40 years. The CRA was a financial partner in the project by pavidhpa portion of to land are same economic development grantfudlrg. I 4th Street Parking Lot and Street Enhancement Project The CRA Board approved funding for the reconstruction of CYty owned Land located on KE 4th Street that had been chained at from vehicular use for marry tears. The project included reconstruction of the existing site to provide 21 new public parking spaces, new landscaping sidewalk Irnpro,asments and roadway restriping. Parkirg is necessaryto accommodate Increasing bussneas activity and prmrideforevent parking �� I+i it �I ' kilo i � '8� 1111111 Street baemers are dmignedtomisethevisibilityfortwdemalmetheffi4wstreets, n to mark a dosiffinatilum and to add colar to the City's streeticalm Daring the fiscal year,the CRA Installed banners Nvarlmm districts througlnutthe CRAta delineate a district or to celebrate a pertialar event.The banners include the name ofthedlstrict to help Identity and market the cora along with decorative artwork that supports a messaging for the City. This artwork is then pried out throughout other aspects of the CRA'a marketing efforts. Schoolhouse Children'& Museum I Marir it rlkv lot & Oceap. A e h iF+ Ocean Ave. Ughting Project In an effort to Improve the appearance of downtown Boynton Beach, Brew street and tree lighting enhancements were iretalled along East Ocean Avenue between Seacrestgaukwardand Federal Highway The lIngprged feeduresindu :lire street light poles, 64 new uprights Is tree lights an Ocean Avenue, Civic Center and Dewey Park clan ;with 32 new tree grates within the sidewalk The lighting enhances the quality of the environment by creating unique charmer when using different cakwedup-lights In the treeswhich sparsatotal of6ve blodaon boththe north and santh skies of E. Ocean Avenue.Additionalix the lighting provides asense of safety by : Al, I Marir it rlkv lot & Oceap. A e h iF+ Ocean Ave. Ughting Project In an effort to Improve the appearance of downtown Boynton Beach, Brew street and tree lighting enhancements were iretalled along East Ocean Avenue between Seacrestgaukwardand Federal Highway The lIngprged feeduresindu :lire street light poles, 64 new uprights Is tree lights an Ocean Avenue, Civic Center and Dewey Park clan ;with 32 new tree grates within the sidewalk The lighting enhances the quality of the environment by creating unique charmer when using different cakwedup-lights In the treeswhich sparsatotal of6ve blodaon boththe north and santh skies of E. Ocean Avenue.Additionalix the lighting provides asense of safety by Construction is underway for 500 Oceain. a mixed-use project located at the SW conerof Federal HrghaAWsnd OcesnAvenue Thepmjectwillhave341reshdetial units, ASMsq. It.ofretall spamard 6MDWtt.of Aofbee abovethe retall-Once built and oaupkid thiswill be a key component to the redevelopment otdovmtown Baynton Beach The addition of approximately 600+ new residents to the area will drive demand for goods and services that will support existing businesses and create new ones. The expected eom"on of SM Ocean is late 2017 The CRA antemr! into a publlc4xdvate partnership vnth the developer to createtheoffice spece mid tohbnstmcttebuildingtoerMmy 6ta Since the public workshop was held in May of 2014 for the Town Squats site.. City ant CRA staff have exit with several groups interested in develiaping all 16 acres or portions of the site Implementation will help catalyze the western end of downtown Boynton Beach Next steps Include securing finamong as well as design and use plans J CRA Plan C hdail The CRA has a number of existing pians that govern the development andfundingof pmjects throulifinuttheCRA district The goal of the Plan Consolidation, Project Is to bring them Into ane document that is dear and mnnee for anyone from a Faineowner to a developer wanting to know what will happen lin the future to what projects the CRA plats an undeNaWhsg A public worishop was held at CIN Hall an March 2, 3016 at &00 pm. to ekst public input I Casa del Mar Casadel Mar located at 2632 North Fielml Hhghwaywill beagatedommunity an the Intracoastal Waterway adtacentto the Penns la. Caretmctlon bew in 3015 on the45 acres ofwaterfrontprolperty, builihngOluxurytownhanes and 3 single family new Names with sales beginning in March 2016 This project will add new residentsbothe areawhichmll In thrrLsupportarea bhmnmses { Hapton Beach Blvd, Design Project Psmeoftheentryways into dowriltoem Baynton Brack the visual appearance of Baynton Beach Blvd-leavesmuch tobedesmed. With little mom for lardscopmg.decoiative highlirg per pubimfumfture lndhdiretnsh recepteclecthe ma medsafawAft. Worki%wnththewW f3mLKMWHomtk*CRAw tel not only the look of Boynton Beach Blvd. but also to make it saferanl more accessible far bicycles and pedestrians Partafdhe proposed snipe will indcde the undergrounddng ott he overhead utilities {i till I � 111i I{ i U' I II ii ' I I� '�I' � ��I I i 1iVY�!I�III iliigqii! I I�� { Eccnrirnic Elevelapirsent tnrant Incentive Programs The goal of the CRA is to attract new, businesses to the CRA Dishhct and to assist with the expansion of eating businesses To reach thisgoal, the CRAoffersfour emnamie developmentincentive programs for small businesses and cammeraal property miners Commercial Construction Project Incentive Program Grant funding for projects valued between $1 and $249,999 will be reimbursed 2-3% of the projects construction value and projects valued between$250.00OsM$ ,OWvdlhbem4n* rsed 33% of the project's mnstructhan value not to emeed $66DW to help offset the cost of the Citys permnfees Commercial Facade Program Grantfundhngupto$25AOMto impravethebuddhng eAerhar wit sate Commercial Interior Rudd -Out Assistance Program Grant fundhngfrom $25400to $45.MOto help build out interior spaces.. A larger amount of fundirtsiseannanfedforfulB semeerestaurards The CRAs Eeanomhc Developmentprograms emninueto besuccessful Atotal of 19 grant awards were awarded lin 2015 The CRA Board approved $184,714 m funding during the fwd year with prone froba In the mum" of $1,111.50) unrested IntheCRA district bythe buss�s owners Commercial Rent Reimbursement Program Grain funding from $10,800 to $15,000 to help offset the rent forthe cdWW first year of business A larger amount of funding a earmarked for full- service restam ants "aZw� HOLIDAY owma ft.& E L-tfiz E E X J�U. 1 P7, a On Saturday, October 24 and Sunday October n 2015 the CRA and the City of Boynton Beach hosted the 41h Annual Boynton Beach Hearted Pirate Fest and Mermaid Splash along East Ocean Avenue from Seacrest Blvd. to Federal Highway. In 2014, approximate attendance was IS=. This year's event attracted approximatell, 60M with aM ranging From 35 - 54, Results from the orralte survey determined that 72% of the attendee; planned to visit Focal businesses (mtaurantlbar, retail, etc.) before or after the event and 93% of those arhendees planned to spend $50 or moreat those businesses. The estimated emnomIcimpacti. the CitycifBayntan Beachfromthe2015event—c $961= [ Blarney Bash The SA annual Blarney Bash was a family friendly celebration of St. Patrick's Day held an Friday, March U 2015. The event took place along Ocean Avenue, between 1st Street and Seacrest Blvd. at the Ocean Avenue Amphitheatre. Entertainment Included live mush: from Bra In the Kitchen. The Crak, The Mighty Quinn and U2 by UV. Kid's activIlties included agardenthemed bounce house, facepainters, balloon artists, and avisitwith a leprechaun. It iseatimatedthat 1,000+ people attended the event making this a vary suovasaful first timevent, The CRA serves up free monthly cormints to the public to encourage visits to the downtown and downtown merchants. Attendees enjoy an exciting line-up of free concerts every oxinth October through Juror, from &W - RW pom with a Fund Track Invasion at 5Mpm beated attheCkmanAvesmar Amphitheatre (129 E. OcaanAve). Theentirefamilycan enjoy a fun night out and dance underthe stars. Movies In the Park features a premiere Iffie-up of free movies held an the first Friday of each month October through Juice. which Includes, farm relearns and family friendly films shown an . jumbo screen on the stage of the Ocessn Av ue Amphitheatre (129 E Ocean Arej. PrForto the showing otthe movie. CRA dW products and durta a short film marketing three local businesses. This seniks, Is free to the businesses. The businesses In turn donate rift Item for the movIe patrons, Bringyourfavarite beachchararblanket and catcha movieuradeirthastarsandwinpirbasi i Hollday 2015 Holiday 2015 celebrated the season an December 9th featuring the 45th Annual Tree Fighting and Conco-L This family tradition continues to provide a magical experience tar the entire community. The Unorthodox Duo jazz vacalkt SAMM and upright bassist Jamie Ousley started the celebration off with holklaytures. The crowdSathered around the 50 -foot Christmas tree as Santa arrivex! Via fire teak for the 0Xming ceremony, followed by a concert featuring Solid Bross. The festivftles Included a photo op with Santa at the Gumdrop Garden, children activities, a giant slide, costumed characters and holidayvendursforidift Plentyoffunforthewhakfassillyl I Boynton Beach Holiday Boat Parade Boynton Beachcelebrated theholidayseason FlorldasEylewith the Boynton Beach Holiday Boat Parade held on December 12, 2015. This holiday IlluminaUan show featured over 30 boats aralvaisviewed from the docks nod to the Two Georges Waterfront Grille at the "ntoh Beach Harbor Madrus Festiv!Uw began with live music by Route Him followed by the parade that began at the Lantarm Bridge and proceeded south to the C -IS canal in Delray Beach. Partichonling boats ranged Frusize from tInytograd andwereadornedwith lights, decorations, holiday displays, carolers and more Every year the Boynton Beach Holidin, Boat Parade Incorporates the spiritafftyandkindr sdWbemftthe UA Marinas Toys for Tots as event goers brought many new uwmpped to"forthetoydrive. lwim zm..5 On Saturday, October 24 and Sunday. the CRA City of Boynton. Reach Recreation and Parks Department, Palm Beach County Parks and Recreation Department and Project Seahorse collaborated to introduce children aged 10 to 22 years old fnurn the City of Boynton Beach's summer camp program to learn about snorkeling and the inarme resources right off the Boynton Reach shares. To prepare for their 'specuid field trip" the chlkbw worked hard on their swimmmirskillsvdth dive and swim instructors. from Project Seahcase and Florida Free Divers at the Aqua Crest pool on Juty t% 20 and 27, 2015. The children were taught how to snorkel and use the equipment Project Seahorse partner, Splash Down Center, helped to raise funds for the equipment so each child would have their own mask, snorlaslandfinstokeep. On Tuesday, Jury 2% the weather was a perfect day for the snorkeling experience Thirty-six excited lads boarded the buts Splailidlovin Were, Loggerticad Dive Charters and Wyp5o of the Palm Beaches at the Boynton Harbor Marina with certified dive Instructom Florida Free Diver; City lifeguards and City staff to snorkel the Lafthus, a historic shipwreck which sank in 1898 about 200 yards off shore of the Boynton Beach most Afterfour hours of snorkeling thecluldrenweretransported back to the Boynton Harbor Marina at 4 pn where the CRA hosted a special family barbecue with a presentation about Project Senhom and actL61 footage from the snorkel experience Project Seahorse showed the campers and thein families how amazing our beaches and reels are and why people from all overtheworldcornebo Baynton0eachtodive andsoorkeJ Ewrychildinthisprogram embraced thismnderfLdresource ant looks forward to mnit year's Project Seaharse program, The children also want to introduce snarkalft to their farrillies and will be able to direct their energies toward a better future for themselves and for Boynton Beach with this experience. is the newest homemade ice eraam aid dessert eatery, in Baynton Beach This family owned and operated busenmss with great customer service, The Boardwalk features homemade on-premisas Ice cream. Italian water Ices, frozen soft -sem custard and othar I I s& Mato, milk dhalacs, sudies baremaspift candy and caranol applm cotton candy, caramaf popcorn and many more meats. Came get your treat and sit in the beautiful garden with your family and friends The entre Boardwalk family anisates nmmories for the cammunity as well as becoming a pod corporate nelghbw by working wfth local schools. seniors, and youth prams- They seetheir busmen s as establfahinga'Fairily" miationshfpwith all their customers A holuirc veterinary clinic was established In the heart of Dr. Nancy Keller when dee was a young girl. Her concept cartamies to grow and flourish with the carstruWon of a mmprehe i%ve Healing Heart Center that opened spring of 2015 Healing Heart offers both animal and human holistic wellness almg with a dog therapy lap pool Healing Hearts mission is to address the health meds of patients through careful consideration of all aspects of the patients life, and by irstegratig comrentional therapy with holistic modalities such as chiropractic, i homeopathy, acupuncture Bodyfalk, mid laser and other therapies to treat the l wholepaheht 209 N- Federal Highway• 56L600,9593 1 222 W. Boynton Beach Blad .5 61-74 0 1313 'Be ur U "Catch a Reservation cha VIF'Tour As part of the ongoing CRA business development and marketing efforts. the CRA hosted a Hotel Concierges VIP Tour an April B. 2015 The main objeane of the tour was to introduce the Corxrerge Assomflon of Palm Beach County to the area to promote Dovmtonm Boynton Beach and the Boynton Harbor Marina as a tourist destination TheTour showcased the local restaurants with a trolley tide tivoogheutthe district stopping at Hurricane Aney and FSB Menswear for a lamaritaffun of food and shopping The rrext sbop featured CaN Fminkids and The Fancy Flamingo prwrkodng the dhvasdy in HoWdon Bout, The tour oncled with a Anal step at the BWOW Harbor Marma to highlight the Manna merchants with a walk down the docks and a meet & ghat with the Chanter Captains followed by a dinner at the Dock Matter budding with a surprim v6lt from the Pirates to promote the upe®ming 2015 Haunted Pirate Fast & Mentend Splash The CRA has recei positive feedback from the Concierges Association and the marina krusinestoss, retail stores and restaurants in the CRA distract Continuing a relationship with the Com:iarges Airsociation by keeping them engaged with brochures and activities in Boynton Beach is part of the overall strategic pian of the Hotel Concierges VIP Tour Communication is an importantparit ofthe plarimoder to shiftthe perception of downtown Bo®nt®n Beach f Discaver the Mini Beaches As part of the CRA$ mcivaW marketing efforts for Downtown Boynton Beads the Oty and CRA becane Signature Partners of Dlecover the Palm Beaches and rove been working very closely with Discover the Palm Beaches staff to highlight Bordorft many opportuirutietsto lou rats. President and CEO of Discwen the Palm Beachass. Joage Pesgoeroattended the Concierges event and spokor tothe attvdees about the happenings in the tourist industry for Palm Brach County- The ountyThe Baynton Beady CRgs strategic approach for improwng the general business climate included introducing programs like the Hotel Conclargess VIP Tour which mcognl tounsm m an important driver of sustainable eco wndc ircrarth and foto creation Due to the success of this event these types otpro ects volt be conducted rgpladyto draw more atlienthmto domnmwn busmgSPS I FloridaFesVival&EvertiAswclateas The Boynton BmchCommunnty opnentggercyrereivedfwvstjNmtiond awards=Au"6.2015attYe21stMnual Plafda Patival& Assoctation mtwetdios and tradeshAw held in Orlando The SUNsationa[ uwards program recngnizesthe creaivdy. Innovation and a llmre of FFEA memberafmm across the state of Flonda Nomnathahs were accepted in tone ca es, including Panted Materials Outdoor Advertisement. PR / Media Campalsim Photo; Promotional Item: T-shirt Broadcast Media_ Multimedia Marketingand Programming The nommatnonswer eludged by a Nue ribbon panel represented by media outlety. panting compotes, websRe designers photoghaphers, promotional marketing profewomak and social m is VISIT OUR YOUTUBE PAGETO LISTEN 10OUR RADIOAD BOYNTON BEACH CM IdD u PROMOTIONAIITEM PR/MEDIACAMPAIGN RAOIOAD OUTDODRADVERTISWENT Boynton Beach Haunted Prate Boynton h Haunted Boynton Beach Haunted Prate Boynton Beach Haunted Pirate Fest& Fest &M ld Splash Business Paate Fest &Mermaid Splash Fest&Mermaid Splash Mermaid Splash Street Banners Development Treasure Hunt OnlineMarketing and Treasue CRA BOARD ; OF: 1 Marketing & Business Development Campaign s Y: 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 March featured the Boynton Harbor Marina which showcased the commercial businesses in the Marina. Catch Boynton BIog - 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 March featured the grand opening of Twisted Fish a local business as part of the business development marketing efforts. The March blog also showcased the Boynton Harbor Marina Open Space Project and the 2'd Annual Boynton Beach Blarney Bash. 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 March full page ad featured Blarney Bash with an editorial about the event. The Neighborhood News also featured an editorial Music on the Rocks promoting Boynton's free concert series. (Exhibit C, D & E) Boynton Harbor Marina Marketing Campaign -- This campaign continues with a 6 month advertising campaign in the Coastal Angler Magazine featuring the marina as a place to create' family memories. Coastal Angler Magazine is a resource for anglers, boaters and conservationists and is the second largest free outdoor publication in the nation. This campaign "Catch a Memory Your Family Will Always Remember" will be the theme campaign to market the marina as "family friendly." This campaign will welcome and encourage the local families and visitors to visit the marina. The Coastal Angler also featured an editorial about the history of Boynton Harbor Marina and the many amenities. (Exhibit F & G) Banners- Wayfinding banners assist the public in differentiating unique areas that mark a district and to add color to the City's streetscape. The Downtown Boynton Beach banners were installed along Boynton Beach Blvd. between Federal Highway and Seacrest Blvd. The banners include the name of the district that facilitates identification of the area, decorative artwork of bright colors of a sailfish which is found in the City's logo. (Exhibit H) Pineapple Newspaper- This month the CRA ran a full page ad in The Pineapple Newspaper to showcase the Boynton Harbor Marina commercial businesses. This ad enhances the community identity of the downtown district which promotes the Marina as a family friendly destination. This full page color ad reached over 15,000 direct online readers and a circulation of 20,000 papers distributed to 250 locations in Palm Beach County. (Exhibit 1) Schoolhouse Children's Museum event postcards -The CRA staff collaborated with the Schoolhouse Children's Museum with efforts to support the Museum's event Princesses and Super Heroes. Staff designed, printed and distributed 1000 postcards to the local businesses in Boynton Beach. The CRA understands that building a relationship with the Schoolhouse Children's Museum will help promote downtown Boynton Beach as a destination by highlighting their initiatives that will attract visitors to the downtown corridor. (Exhibit J) 101 Kill! I � III! I II I i 1!�1111` iiil:ii F -W -U471 .. CRA PLAN, PROGRAM OR PROJECT: All CFA Programs and Project IMIT INMOMAL KEMURE CRUGE COMM EGI,L%OAChAftm4WmwsMCn*m ml4n -wm.Imbw&mft� iq, "r, , Exhibit B CAMMISOYNTON CATC14BOYNTON Miltom 10 111 I Boynton Beach Blarney Bash ween Ist 51 rael, and d at the Oceon Avgnm Live %mic fcaturi" Fire 111ockwork Knotwork end wiM,w,sach wtwe Wnt- ,etpsts, v oerd&A tkource 11mbinq,ont slidt rnd a m-rha4cv'he. eve -it scar is na goes an Until W -W :)m al * We'nue �an"Ze� Free' pai,kjtv is nopma IOWA March i81h APHI 15" May 200, June 171h tv W Kick back after a long day at work with an outdoor concert and a cocktail at Music on the Rocks FREE CONCERT SERIES in Boynton Beach. The VWII@*UMft starts at 5 pm and 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 whole family for a fun night out. Food Trucks , beverages and cocktails will be available. The Ocean Aventm Amphitheatre is Located at 129 E. Ocean Ave. in Boynton Beach. Free parking is available, www.CatchBoynton.com. mn.mgum 13 0 Rn Rt Exhibit I Schoolhouse Childrain's Ica Face Painting "Got your Royal Name' Crafts 'Super Obstacle Course* Music Meet Princesses and Super - and real local heroes - firefighters and policemen. Join CMT Touring Company and Puncess Fiona at the Amphitheater as they perform songs Got your tickets todayl For information Advance tickets at the Museum and Ilaktitts: Members $3, Non-members $5 h At the door Members $3, Non-members �4 Thr' 4fq /Schoolhousemuseum 129 E. Ocean Avenue, Boynton FISCAL IMPACT: N/A Information A P PROGRAM i/ R PROJECT: IIIIIIII� 11111111 111 1 111 �1!11 NNI 1w, I IIII 11 1pi�Iii 11111111 1 1 11 1111 � I Oil I SUMMARY: On March 16,2016, an Advisory Board Member emailed the CRA with questions regarding CRA Finance and Marketing. Email, responses and documentatior. attached. FISCAL IMPACT: N/A information Only o0mit W.', Harris, Susan From: Paula Melley <PMelley@OasisAdvantage.com> Sent: Wednesday, March 1.6; 2016 12:00 PM To: Utterback, Theresa; Harris, Susan Cc: Brooks, Vivian; Simon, Michael Subject: CRA budget questions Theresa, Susan, Good morning. At our last advisory board meeting, it was discussed and affirmed that I should send my questions to CRA staff to address directly regarding the budget. The questions are based upon the budget binder that was given to each CRA advisory board member. The intent of these questions is to be as clearly informed as to where we are now as a city and as a CRA in tenns of money in and money out and the management of same. Thank you in advance for your assistance with these questions and I sincerely appreciati and support all that you do for the city. OM Um. 1.) Where are the monies housed for the CRA? 2.) is the money earmng interest? 3.) at type of account(s) is /are it/they? 4.) how many accounts are there ? 5.) what %age of multi-year projects actually come to fruition? 6.) what are the terms of the bond re ding? 7.) is bond refunding similar to to refinancing? 8.) can you confirm the years that the tax increment revenue bars were set for Boynton's CRA district, as I believe there were two? 9.) how do the taxing authorities transfer this Tax Increment revenue to the CRA coffers? Wire? Check? When is the transfer made ie what month? 10.) what is the maturity date on the debt service for the CRA? 11.) who has the management contract for the marina? 12.) what are the terms of the contract? 13.) how can CRA advisory board members get a copy of the contract? 14.) why are unemployment pay -outs up 35%? 15.) what is the turnover rate for the CRA for employees? 16.) have the last several pleb terminated? 17.) is there an addendum to the marina contract to reflect the increase in management costs? 18.) the retirement costs rising nearly 10%. Does this reflect 01k match? Deferred compensation? What does this number represent? 19.) how long before an employee for the CRA is 100% vested? 20.) if there is 401 k match - what is the max match? 21.) when is the healthcare up for renewal? 59.) where is the storage facility? 60.) gas and diesel charges. Why going up so much. 1.) where is the general fund contingency fund housed? Is it a separate account? What purpose is the contingency fund used for. 62.) what key parcels is the CRA looking to purchase 63.) where did the $175k earmarked for demolishing the old high school get rolled into? We had those fimds ... Where are those fimds now. 64.) how can Walmart brownfield funds get repurposed for a different project? 65.) need to explain the rollovers. 66.) need to explain the professional expenses and how they are accounted for. 67.) also rent expense. Had r# for 2014-2015 now a new line for $1 lk what are we Renting for this amount that we weren't before. 68.) what is the criteria for the marketing incentive plan and what exactly is it Paula Melley Oasis Outsourcing 1001 Yarnato Road Suite 407 Boca Raton, FL 33431 Tel: 561-869-2800 x 6-4231 Cell: 561-757-0245 Fax: 855-971-3618 www. DasisAdvantage.com III, '101 DI N 11i :• 1 1 x 1 ^ q 1jMEW# i JWT: Consideration of Resolution No. 12-05 Authorizing the CRA Board to Enter Inft a Rate Lock AgreementBank and an Escrow Structuring Engagement Lefter with Public Financial Management, Inc. (PFM) for the Refunding of 2004 and a portion of 2DO5 BtiTidso SUMMARY: As discussedat the CRA BudgetMeeting on August Group)was undertaken by the Financial Advisor tD the CRA and City (Jay Glover, The PFM indicating the potential for interest rate savings on the CRA's Series 2004 Bond and the Series 2005A Bond, thereby reducing the CRA's debt service payments. Interest rates fbr the portion of " bonds potential ! flare,; An RFP was issued by the Financial Advisor giving the option for refunding of the 2004 Bond alone (totalfto exceed ! or •...;_ Series Bond fortotalloan not to exceed $16.3 million. Based on the evaluation of the Proposals and further discussion with the respondents, PNC Bank was chosen as the most responsive to the needs of the CRA. Key terms: Structuredas abankloan '•. the CRA (2) City Guaranty to remain Inplace Refunding of 10' and Series 2005Afor total# not f exceed $16.3 million Loan vvill mature In 2026 (same as current maturity) Interest- of If the CRA Board approves the Rate LockAgreement Savingsthe loan documents, the CRA could recognize: (6) Net Present Value of , The Rate Lock Agreement is the first step in the process of the bond refunding. The Es crow Structuring Engagement Letter will allow the CRA to engage PFM to serve as Investment Advisor in connmftWn Wth istructuring the escrow securities required by tho bond refunding. The ibiloWng schedule has been provided by Jay Glover, Financial Advisor and Mark Raymond, Bond Counsel. • September 11, 2012 — CRA Board approval of rate lock agreement • September 12, 2012 — City of Boynton Beach notice to taxing authorities about issuance of debt. As explained by Bond Counsel, under the CRA statutes, the C cannot incur the debt (including the refunding debt) without city approval, and the by cannot approvedebt until a notice. taxing authorities disclosing the proposed debt issuance has been sent at least 15 days befbre the approval. • October 2, 2012 — City Commission approval of financing documents • October 9, 2012 — CRA Board approval of financing documents • October _ • not closed, prevailing interest rates. Please o e that the attachedhas been revised, and the Rate Lock Letter a well as the Escrow Structuring rpt Letter has been reviewed n attached to the revised Resolution. RECOMNMNDATIONS: Approve Resolution No. 12-05 authorizing the CRA to enter into a Rate Lock Agreement with PNC Bank and authori7ing an Escrow Structuring Engagement Lefter with Public Financial Management (PFM). Susan Harris Finance Director IF I �� I � ,■ I � y iMOT1,,M, raz i. BE IT RESOLVED BY THE BOARD OF COMWSSIONERS OF THE ]BOYNTON BEACH COMAUNITY REDEVELOPMENT AGENCY (the "Agency)- Atached hereto i k B. SECIION General (i"The members of the Board of Commissionersand Ai the z 1 f� - i`A ' and fl.417 SEMON 4. Effective Date. This Resolution shall beoome effective immediately upon its passage. ' �• F all 31,101,16" W RATE LOCK AGREEMENT Board 4' Commissioners Boynton Beach Community Redevelopment Agency September #2012 Pagea+_ r date1::: anyTreasury obligation shall be determined by reference to Federal Re Statistical Release H.15 (519) 'Seleded Interest Rates" published as of such date. In the therer# noTreasuryobligation +. 1 maturity equal to the maturityI l. 4 t. then the yield shall i "". A +s 1 # �! ii linear between ! 'l. l. 1II f 1# I j '! i #� ! - �1 4 f i !! 4 k" %.-! F! .e 4I f o 4 1; 41 L! : +; .4 ` ` - 4 G ; i' ''. S j i „. 1 -�z 4 i ! 4.# i, {' 4",! ! e'1 _.:n: ► ''i#�1 t 4 4 1 l # 4 1 ►„ " i 1i 4 a# W !! is n of such calculations shall be the Breakage Fee. The Bank . S + ` ' that the obligations of 1 ' Borrower hereunder ., ! ; be payable ■ .! 1! 11 1Y4, !1 ,wft !Y .4'- tir# ! 4 . ! "'► " s I • 1 :+ i :4: 1 ! ".. 4i R # 1 4 :. :# � h 3� +�# -. 1 t I !, �# 1 :i !� 3 �.' li f i 4 1 ' +1 ► *^. 4 # I _# � � � '. 4 :! # ■ it n 4 1 # ':, # �{,. 4 . - il! ! � � �� !I S i, 4 it � s i .. M t ... i 1 -:' 4 I # �i 1 - 1 : I ! _'. ! s . # ► f 4 1 , !. 1 +r! <! �. 4.' i k i 44 I1I ► # S ! ;r # I I : ! l li " !agreements(written or oral)relating thereto. To accept this letter, please sign the enclosed copy where indicated below and return it t the Bank no later than the Bank's close of business on September 12, 2012. If this letter is accepted bysaid date, this without! 4 + tw" obligation of the Bt very trdy yours, PNC BANY, NATIONAL ASSOCIATION Title- Dr ViCe 10 September 7, 2012 Page 3 ACCEPTANCE The Borrower hereby agrees to the above provisions, inteading to be legally bound hereby. The Borrower understands that the above provisions may obligate the Borrower to make 'Rz4f,-sffi-wt, in advance of such event w is fully informed of and is capable of evaluating, and has evaluated, the potential financial Id benefits and the appropriateness in ,i. - (I ' htindvual circunistances, of this letter. The Borrower is entering into this letter in reliance only upon its own judgment and is not relying upon any representations, warranty� views or advice of the Bank. .... .... .. A! 1110,111, 1 MIJ-01 OTAI, U ZT, # , VA QJ DIC IMMUNIAMIXII '111YO B3r............. . . . . . Name: Title: Amsust 2 , 2012 SeptImber 9 2012 }1 'i 1 tali �� :•. iii I:. t. 100 IL Boynton BcaM Boulevard ri i' H Florida 33435 30o south ofmp Avenue Suite 1170 Orlando, Florida 32801 73^♦"` i n I 1 !flM71 0.7-7, Qualified Bank Lwn for the Boynton Ban&CommunityWil,: o ! 1Agency ��r� '' :r the opportunityIto assist completioni transaction. "4 i I A �1. 'NTA =io:.�M F i' A 3.7Ai Ik' ,.li i�� f !i +-i t :. ` .w ► 1 _A �t� t I 1 •I :':: 4 .II k'1 1 1 �.• i '., IF: 3 11 i 1 i � it questionsor need any additionalk I please donot heskate,1cuntaame at407-245- 3237 a S16,300,000 Non -Bank Quallified bank Loan Summary of Terms and Conditions . Amount: Subject to credit appmval mid documentation, PNC proiMses. to provide up to $16,300.000 Tax Exempt;o` 'r` i Quallifled Bank Loan dependent u} .i tho Term,i aN6rI N., the Agency. MM" R $16,300A00 Non-Vank Quailfled Bank Loan Summitry Catered Rate: Option Tax-ExamptNon-Bank Qualified Fixed Indicative of Option ;! 1 ymr Put I Amortization 1011/26 Tax -Exempt ! I a1Qualified Fixed .-i i A Indicative ! .; L. a: of August 27,2012 Option #, i f l r I 1a 1 -^ 1Fixed Indicativeof Seplentima 4,2012 2.56% ' f 5 1 X n =t M i I i i ri i all f W, 971 7q 04 I 1 41 Re"Yment: Interest shall be payable sami-annually on April 1. and October I of esch year April 1, 2DI 3. Interest will be accrued and payable 1 f f ,,, [. countbasis. f f payments ill begin an October i r :. and l c41 c + i t to the schedules as provided 1 ,_r the Agency's Request for Pmposal. Prepayment: PrapsymentF 13! 1the guidelinesofthe Book'sStandard Make Whole provisions. Tax CAmsiderations: If for any rewon an event of taxability sMI occur, the interest Tate charged on the outstanding principal balance of the Bonds shall, offixdve as of and after the date of the occurrence of such avent of taxability, be ituavesed a% calculated and recalculated of dw taxable --i ? ./} Covenentst Afrumative and negative covenants as defined in the Bond Resolution inclui 1 an Additional coverage of MAD; . Expenses: All expertses inwnvd by the Bank shall be paid by the Borrower. These include, but are not limited ta, fees and expertses of legul counsel (inside and outside) and any other expenses in connection with documeaft closiaLmonitoring or 1 ', the 14anand dell be payabla at closing or othenviseon demand. i 1 Payment1 Borrower of wqxmses described above shall not be contingent upon the closing of the Loan. Lagal few will be ftw die account of Agency ft adocumentation 1 thetransaction started, regardless of whether transecticm cimes..4 i 1' Akerman . 1 1"suchother partyIiacceptable i both 0 WS MIMM-173-M $16,390,000 Non-Book Qualified Bank laosa. Summary of Terras and Conditions �ind the Borrower) will serve as bank counsel and few would be $6,300. Representations And Warranties., TI* Borrowier "I make reprosentations and warranties standard for this *W of transaction, in form and substance saffActory to the Wnk. Conditions Piveedent.* Including, but not limited to, the foUving all of which &hall be ir form and substance satisfactory to the Bank: 1) All docuutentetion relating to the Loan in form and substarim, satisliktory to the Bunk. 2) Covenants as set fcwth in the Ag=y'a Bond Resolution. 3) Satisilictory review of otber affeentenb relating to the 1,0811. 4) Evidence that Loan is on parity with all Yar senior Aseney debt obligations. 5) Evidence that Bormwer is authorized to enter into this transaction. 6) No material adverse change in the conon, financial or otherwise, operutions, properties, assets or prospects of the Borrower. 7) No material threatened or pending litigation against t6e- borrower or addonal material contingent obligations of the Borrower. 8) Delivery of opinions of counsel. 9) Payment of all legal *es. I'Oeumentation: Resolution and odwr loan documents in form and substance satisfitaory to dw Banks must be executed and delivered containing representations, ivarrsnties6 covenants. indeamities, conditions to Im'' 9 io TV Sap 6, 2012 1.-34 pm Prepm-ed b1,;1 11 Financial Managanant,1 . (Finan=7.00.2EIcyritonBeach.1-012) PagaO . .... . ..... Boynton Beach Cortmanity Rodavelopmout Agency Tax increment Pifuruling Revenim Bonds, Series 2012 Preliminary Numbets (Subject to Cbange) $784,000 of DSRF will remain in plane to cova unwXwded 2004 Bonds $1,058X0 of DSRF relessed into 1110 GSMOW Meovity Bond Component Date Amount Rate Yield Price Bond Component: 1010M2013 140,000 2.560% 2.56CPA 100-000 l"V2014 115,000 1560% 2.560% 100.000 10/01/2015 905,000 2.56D% 2 100.000 10/01/2016 930,000 2.560% 2.560% 100.000 1 ffO 1,2017 1.270,000 2.560% 2.5600A 1D0.000 101O1/2018 1,300,000 2-560% 2.560% 1 DO.000 10101 19 1,335,000 2-S60% 1560% 100.0DO 10/0112020 1,365,000 2560PA 7-560% 1 00.0DO 10/01/2021 1,400,ODD 236MA 2.560% 100.000 I WO 1/2022 1,440,ODD 1560% 2.560% 100.000 1010MM3 1,470,ODD 2.560PA 2.560% 100.000 10/01/2024 1,510,000 IM4% 2.560% 100.000 10'01/2025 1,490,000 15M 2-560% 100.000 10/01/2026 1,530.000 2,sm 2.560% 100.000 16,200,000 Dated to ]GAM012 Delivey Dote IW1812012 First Coupon 0"112013 Par Amount 16,200,000.00 OrigirW Is Disommt PMduction 16,200.000.00 100.000000010 Undcrwriter's Discount Purchase Price IVOO.000.00 100.OWM% Accrued Intexest 17 R T _WT W EXHIBIT B ESCIROVII'STRUCTURING ENGAGEMENT S R The PFM Group Fi-'% Wma-v~1 U -it PARTTWI�- � ,t!7M7 710 North Federal Hj&MY Boynton Beach, FL 33435 MM. OrieKsysbne Am 717-232-= Suke 300 717-232-7837 Six K FMr4 A Mwket Shofift 7114334M Akwrmft Fax HwAshag, PA 17101 —w—AwAftmm The puapose of this letter is to confirm our agreement dMt PFM Asset Management C-PPAUM) wil serve as Investment Advisor to the Boynton Beach Commmity R geo Agency (the "Issueo in connecdm va stMCtu*9 the escrow (the 'TscroviO related to Issuejes Tax Inc=ent Revenne Bond, Series 2012 (d3c "Bonds"). As Investment Advisor, we will antlyze and model altmative Escrow structures, coordi=a it�al and final subscriptions for United StRtes Treasury Secutities, State and Local Series C'SLG&j with the Bureau of the Public Debt, Special Investments Bnnch, and prepare 0 n; the Issuer. cash flow and yield calculations as required by bond couns4 the vetifimtion agent, and N BY executim d3is engagement lerter, you hereby authorize PFMAM personnel to subsetibr; r 6 ot SLGS on behilf of the Isom until the completion date of this engagement, This engs%=ent shall commence onthe citte hereof and is expected to be completed On ardund October 18, 2012- nh,cngW==t shol be deeMed to be completed on the da,t�-1. fAM a 44 k,&OJ am I UAO) %0iOKKOJVM PMAM is an mvestment advisor, ri;ptered under the Investment Advisers Act of 1941. I - , 10 or inA,,2,► �1 in position in secaddes subject to purchase or sale in connection with the issuance of the Bonds. We confirm that we have no ha=est in the issuanze of the Bonds or the purchase or sale of Escmw ecurities except as desctibed in this letter agreement. We note that our affiliate, Public Financial 4ment Inc. served as flumcial advisor to the bimer in con.nection with the issuatwe of the pFMAM wanuts &jt it his delivered to the Ism=, pdor to the execution of this letter -jj-,ement_ P" s! rin AD Part (brocl�urc .7j.f,if&,Tirrent Securides and Exchano Commis on Fo V, 2A you way te=ainate di�is agreement in the event of any matedd breach knme&tdy upon mnitten 1otice to PFhMX Tim lumment Remuc BwA Sadw 2D12 Es=w Sftchning Eogagmaunt IoUt Sqmnnber 7,2012 Page 2 17=19 Wf it I "111 1 ij�J: I M 11401 Vm. mm. � M M 11-1-R&A-aa IORTTIOJFI�,Alffi- 1� "I Mde Dow 21 Hokler and ! -de of w !M • • '" 18. 2012s ' a MeWft Dub of W ...1 y` x F a Maclor of IN r` Refunded BwWs (MW C or Rmluffon No. 124)7) and oppoint U.S. Bank Nallionel AssochWonva Agmt. } E E .e i SHMON 11. Amds and Amounts. ,Wnot b_ mured by any ti. KI qp A ., lift"'T"q LEM A WM A a y A nIMaTmnqcy By,y -------------------------------- CCIhair m FORM OF GUARANTY B. EnforeamenL IU Guu=ty may be en&roW by &e Hokkx of ffie Bond, which is a i hamof its CRY mmmma 0 FoRm oF SERIES 201213OND Sow RRMPPf(, '-,+' 4' RM 2013 $143,000. F 4 „iK 117,000."1'', r' 000 �t�Y 16 927,000. u 01,265,000. t ; ] 1,300,000. 2019 9 ik 2020 - 6 r t,S 2021 1,397�000. 7' l;k,, XNr �t 1,439,000. 2023 1,47 I,OMOO. 2024 1,512,000 T }00 2026 1,530,000 I„ JMI 010,11431,14 M, 91 FORM OF ESCROW DEPOSIT AGREEMENT t- � WITNESSETM- VflMZRRAS, i s' '1 ( �} t7I ,t i ,j_ �. `P;s� tt2 � =,y i' ,� •y Boads =1 -'{wn,; ,,, r - tdepositedyor onbehuff of the Agency with the Eamw Agrat hcr&mda. Ill 411,911, x'• eatabfidW withthe E=ow Agcnt a apackirfund dedpoWdr e "Bsmw UVoshto beheld k the watotr of6a Esmw,r 3tSsrtfmm othm $17,196,609.13, fa deposit im theEmow Deposit Trad Fmd. 11w Auids deposhadhs } �_al 4,\ '� - p r r r i '} , y � ,� + r r i (4 of l r i MIT �, t,r 71OWMI NMI, 11411 3 Sectbn3.01LIsbMyafEm=wAgmt TheEs=wAgotsbaflnotbehticiacomeefion ffl � sUt' t_ t .,kfnotb,`Nible for the ; i,fr ofthe calUationo m to themiffkkncy of Smri ,y„topay theRjefimdM t ry long as the Ewmw ge&appfim aUmunco to make r� hd not any ;smuds T Im- 31� . . . . . . . . . ......... -47�44 " 11 11 �, 4 � 7Y M, 44 I NIYTI):`tfg '110 n 111 11 Illlll 1111 SvcUea4L0& EmutbubyCauntaparb. 1 J& Agmement maybein wvwd 4 of h AAH s If to ft Agmr. ?10 wort], Fedeml wvhway Boynton Bewh, FL 33435 &M K,,04-UNI3 J7,,,1414013 27q= I, F` MlIDV- SLOS calffi=0 IM -01.2019 M91,2013 263,7" &150% &ISW,, SLAIS NOW 041OL-2014 hkw Debt OW4 M, i, Oct IS. 2012- 269,142 O.IN% 0.190% SLOS N069 MIDL2014 sws catmalto WL2013 04AM42013 19,348 0.110% OLIlOsA SLOS cowmak IQMI,2013 101014013 191M 0.150% (1,150% sws NOW 04,014014 MI.PM13 19,Xs OLIN% 0.180% SLGS Nbft 10101-2014 04MIM13 30 3-93 DIM 022M 923,249 &M K,,04-UNI3 J7,,,1414013 27q= I, F` MlIDV- SLOS calffi=0 IM -01.2019 M91,2013 263,7" &150% &ISW,, SLAIS NOW 041OL-2014 KIM= 269,142 O.IN% 0.190% SLOS N069 MIDL2014 OMIM13 __j2,Offa76 02"% 02M 1 Q,7 SW 12,2012 11 17 SLOB 7-P OVA -2013 OME-ITT13 .�tlp% M 11-fA W IM aws ccdzguw 10.'01.2013 8. 6kI06 0.150% 0.150% nas NOW 0410b2014 0901=15 2MA CZWSA� DSRI�-= Oct 1% 2012: alm (LigolA SLOS Naft IQMD2014 SLGS Cadflam OVOU2013 04/61=13 2,W 0.110-A (Ul GLGS c_fir mift 10101=3 1 OIOV'2013 V03 O.ISO% t $LOS NM OdL,'01*014 04MV2013 2,M O.lw% 0.18 SLOS Note 10101,2014 OiL'Uljr2Ol3 2,500222M0% . .. 0 UAW Noft 04,1112DIS 04MV2013 2JI 1 0,22MMM 0 sms weft IWDI W15 04MI-#2013 l2Zo"7 0.300% 0-3 134,M SLOB catificate OVA -2013 OME-ITT13 .�tlp% M 11-fA W IM aws ccdzguw 10.'01.2013 IWD2013 6kI06 0.150% 0.150% nas NOW 0410b2014 0901=15 6kigs alm (LigolA SLOS Naft IQMD2014 0001=3 60,246 0220% M220% sws NoW 04,012015 041DI-ZD13 60,313 020% 0.26M mm NOW IWOWOIS OWI 2013 2~8 &3W% 0.309% 3,241,9D7 . . .............................. . . ...... . .. . ...... 11"INUMV-1 ZURT2013 3TOA18.73 370,418,75 IM2013 370A19,75 370,418.75 04'01.PA14 37%41&75 370,418.75 IMIM14 37%418.75 12,8t s"JWO.00 15.035.41 V5 04'OL2015 67,5WM 67.SWAD IQ'01.2015 67,500-00 3PUMOO 3jW.5W.00 V- w''WiNfe"ZoAll a V, III lai� 122 10,11 1 "'ll Affio=t matm* (Qgtcjberil luter" Rate gmk* 780,000 2015 4.000 103261: _§ sislow 2016 4.250 103561 AMB 1,165,000 2017 51000 103561 AN6 IX5.000 2018 5.000 103561 API I,M,000 2019 5.OW 103561 A99 1,350,OW 2020 4.OW 103561 AP -7 6,045,000 2024 5.000 103561 AVS iiiiiiiiiiiiiiiiliiii 111111,1111111111:,4 p� "I TWIMM"11277% aft Pulp Ljtrmwctwc � !Rate '* $i,4fi%oDo 2025 4.500%103561 1,535,000 , 103561 % « 2 d. ¢ z 2»<« 1 « ,<52»: m f . ..»«� <»+� : REDEMMONNOnCE mz!Lt y[::: 1 }Ijz fcammn, 01"77"', T W "'A i3q* 777. =7 wr';Mll Bill Ull Q U.S. BANK NAMNAL ASSOCLATION CUSIP n=bm are iti aolely for Ae convenie= of &e own=, mid no representatim is made as to &a coffectnm ofthe CUSIP it Micated in tWu R*dwvd011 mabzky hAemt Amquml (Octobed) RM C�9&* $ 780,000 2015 4.000 103561 ALO 815,000 2016 4.230 103561 AIM 1,165,000 2017 5.000 103561 AN6 17225,000 2019 5.000 103561 API 1,285,OW 2019 5.000 103561 AQi 1.350.000 2020 4.000 103561 AM 6,04:5,000 2024 5.000 103561 AV8 01"77"', T W "'A i3q* 777. =7 wr';Mll Bill Ull Q U.S. BANK NAMNAL ASSOCLATION CUSIP n=bm are iti aolely for Ae convenie= of &e own=, mid no representatim is made as to &a coffectnm ofthe CUSIP it Micated in tWu R*dwvd011 REDEMMON NOTICE OM'l �111 119, 4W Elf", Mail )&Ulrity intomt Amount (omewtober I Rate Q!!e $1,465,000 2025 4.50W@ 103561 AY2 1,535,000 2026 4.500 103561 AZ9 ............... .. .. ....... 111! 111011 �lff lilt III, III, I =mvica"clf , , ORMMAW -.�: it r i r • ► Authorize -ment Revenue Bond - ! the principal amount of $5,005,000 to refinance the CRKs Tax Increment Revenue Bond Series 2005B'' B b Approve the ibrmand terms of the 1 Bond r BB&T (ExhibitResolution No. i Award the sale of the --s 2015 Bond• r Appoint a Paying Agent and Registraribr the Seriesi Bond as - Office of the Finance Dinwbr of Approve an EscrowDeposit to provide for the refunding and redemption of the refunded Bond (Exhibit C of Resolution No. 15-01) and appoint U.S. Bank National Association as Escrow Agent. IT apprOV80 Dy Me UFf A :•.'r Ine r rTo sr a• i r i rr - • _ • (� • :•• rr the r'RI. FISCAL IWACT: interest rate of 3.3% remits in cash low savings of $1.78 million over the life of the loan,present of $624,720, r i r; * t - • S: - _ t w it FRW���t� Sff—TION 1. Definns. Terms used herein and not otherwise defined herein shall have December 6, 2004 (as supplemented by Resolution No. 05-13 adopted by the Board of Commissioners an Dmcniber 112005. col I MIT 110 15 AM "GuaranW'means the Gummy AgreementI, dated of even date with the Series 2015 Bond, IIiri INA "Refimded Bonds" means the all of the Agencys Tax Inuetnent Revenue Bonds, Series 2005B maturing on and after October 1, 2015. VT A SECITON 2. Authoritv for This Resolution. This Resolution is adopted pursuant to thIs provisions of the Act. A Uzi ........ .... NW(AAWN lIBM shaU from time to time be the Holders. SECTION 16. Severabof Invalid Provisions. If any one or more of the covenants, 'T 0'vq' a, rm 0 97iT _r jg!fT)L-n x, t" 't il'10 i! MW� 1, IMI It - N'S agreements or provisions hereof or of the Series 2015 Bond issued hereunder. ;y W. Yktw� V2 �'Cx IT -"T�V 1" Resolution or affect its mewin& construction or eff6a. SECTION 19. Effective Date. This Resolution shall become effective immediately upon its passage. I'll, ��� 111111111111 111 11 , "IN i k I 1 13y._ Agency Attomey By_ Chair In FORM OF GUARANTY Guaranty Agreement The City of Boynton Beach, Florida (the "City") makes this Guaranty Agreement (thl "Guaranty"), dated March 26, 2015, as follows: III I I I I lorrip I I j KU IKITWJVIII;'L _U W0111 I: # fW: 11 1 rufula NAU is Florida. 3. Dermitions. Terms used herein and not otherwise defined herein have the meanings ascribed thereto in Resolution No. 04-04 (the "Resolution"), adopted December 6, 2004, by the Boynton Beach Community Redevelopment Agency (the "Agency"), as amended and supplemented, particularly by Resolution No.adopted by the Agency on March 10, 2015. 4. Termimatlen. This Guaranty may not be amended or terminated by the City for so long as the Bond is Outstanding. 5. FInailcial and Other Infonnaflon. The City agrees to furnish the Agency with such All. 7. Lhalted. Obligation. Notwitlistanding any other provision ofNs Guaranty, the City is not and . . . . . . . . . . I B-1 . IT R FT, kN t 1: 70,711 277- 21; E U PU IT * 7=1 is imfifficient to a1v rmuikI o be made ;.'y, This Guarmty may be enforced by the Holder of the Bond, which is a beneficiary of the provisions hereof I k -y of March, 2015. 0 Its City Manager Pq �`,#:�*l'+.1 •�i:a11!112=0 rt:t.; 1 kk;.i1' Y1 ff rn,"r :la r 4e11' r "v 1`rk 1 4 I i€^ i w■;• ■ identified r ► 1 r 1 -! rr 5'Ik 1 - r }.' r A #;-r rv' i'- a - :,, in y k t f 3 k the bmis oia 3QQ ► i ri urs w r 'k i'r sww.: rl .w 1 been paid or provided for. The principal hereof&hallbe repaid 1 installments, k onOctobertheyears and 1thc. amounts w! r k the following table: Year Principal 1 ► $360,000.00 2017 360,000.00 2018 370,000.00 2019 380,000.00 2020 395,000.00 2021 410,000.00 2022 420,000.00 2023 435,000.00 2024 445,000.00 2025 705,000.00 2026 All remainingprincipal w,. 11*11t 441! a' .1'rt�. i i ,"Mi fll4i4IF- ki i1 !1 ww1tI", t r i k*s11' > rrF r i"a �1 bytheAgency andthe `-r Holder. rt�i 4 t. A, L4 tffI VA, I I#r - i.. 1 u iq4f I 10 11i 4 tr 'm i a I LMIr a 41" l a M$ 1111 aM r 4 # 1 r 1Y k I or October I that is on or afk:r April 1, 202 1. The prepayment &hall include the principal being or nenaltv. Prenavments7 F t ! r shall ! ' nan-tig;,t-tsdue i ' i in the 1'.. - 4 A 4... 1 ' 1 A � ;.:+.. 4 a t. 7 ! t t .: f ... , _ - f ,:. 7 " - :■ 4 ! ' 4 E [$16111 !! 1 1 w KV i4Mis tkili1111i• 7 3 7 ++. -" f 7 i 1 t f 1 ! 7 1# # 4 1 7 !.' of i � ■ ! a # s.t ' l ' t. ! � � R t 1': � if ! %_R � �1 r - � i 1 ' ! A = ;t .; iti 7 4 l S i 1 1 7A NJ `11141.14kIIIt # 7l I *I I fm400roxf # . .till M41': ! i t :- t - ' 4ill t tlily it :1.7 .tl # - t i f .i :r l': 4 4 l . ! . *r3:1 . r 7 ,,7 4' lit 7 tf •;::7 �7 " { # sit it # i 1 4 1 i t *R : ! i ,..t t tl 1 1 have happened '+ 11 have been performed, fregular and due form and time +r# +.t by 4 does not 7:constitutional1 statutorylimitations or provisions. t t4�tl .t. l# !" t • tai Iii' R! Fi ;I 4 i Z ` f t ! 1 vii; ol 11,11 V, 1i i Its # ' 1 :7 ! 1 - ` "..1 ; t,. ISIwrrNESS WHEREOF, R 7 1 7',1 Beach 7 U II 1 ±<M 7! ti ," 1 t has day 4March, 2015. ;. I#�����.'��!'� ka��;r 1�f ; t� � ° • �M�►� , ;� �. ;fir Authorized i ( t '_ ESCROW DE SIT AGREEMENT R F �' a 1 ' �. '"' # ' • ":Iii ;i i : T# # F �i i'� # �# # �` �� I.�► #' # #G #. xis r �l. =01 WITNESSETH: WHEREAS, the Agency , h determined M' advance-refimd its Taxi ii - I Revenue Bonds, Series 2005B (the "Refunded Bonds"); and the has determined t # provide for the payment ii eI # all of the F' FF. ioi#. pursuant ti this Agreement; THEREFORE, i consideration of the foregoing t i id the mutual 4 1 . herein i .' i right,All title, and interest of the Agency F and # $6,379,335.00 G+i ! ` (d. or onbehalf of the Agency with the Escrow Agent hereunder. y e r ■ .! xa .: A ■ 1�, propertywhich by the l ;r. provisions of thisAgreement required to besubject #r #i '.. '�i: .. F'r + �' #' i., # 4 � f• 1 i.�..� 1 �# � F �`a i #� F � i,., To HAVE F TO HOLD, all and the same, forever,upon the terms and trusts herein set forth, for the equal and proportionate beand 1 1 6- # iasherein deZvi M f the r F i .,! 1 `- 1 F � - :?i/ wAI I. ; 1 ;.li { # is R - i # � ' # ,i • t i i F- # II :# f F!.. ` � T !'./' * I' i' I '1F:� F 1 # I1 tI i i• it # :1 F F # i covenantsandconditionshereinaftr fix1h. Section 1.01. Deffnitions. In addition to words and terms elsewhere defined in this A 0Cw!1 "Escrow Deposit Fund" means the fund so designated and established under Section 2.01 of this Agreement. "RefundedftykgAgent" meansU.S. BankNational Association, or suchotherpaying agent for i Bonds as may be serving from time to time. Section 1.02. Uses of Phrases. Words of the masculine gender WWI be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, words importing the singular number shall include the plural number and vicer.--kws?,. 1 r 2.01. Creation of Escrvw Deposit Fund. There is hmby created and established 111GATI, �w -We GIMILMY 01 1417 �,T;Fow Xguni RepwRe NO apart from oker hm-M—oT Agency or Ut 1-3-scrow Agent, Section 2.02. Deposit to Escrow Deposit ftnd. Concurrently with the execution of this Agreement the Agency has deposited or caused t#' deposited with the Escrow Agent and the Escrow Agent acknowledges receipt of immediately avwlable moneys m the amount of $6,379,335.00, for deposit in the Escrow Deposit Fund. Section 2.03. Application of Escrow Deposit Fund. The Escrow Agent shall apply the moneys deposited in the Escrow Deposit Fund in accordance with the provisions hereof Ihe ( �,'l ��a, ap'liA v, t+,y Mz, j f4 x Section 2.04. ]Irrevocable Deposit. Except as expressly provided herein, the deposit of the moneys hold in the Escrow Deposit Fund hereunder until applied in accordance with this Agreement. 'QW11=11,1all 1=1 RIMINI � �211111q 0 1-0—MMUMTH - =71 =1 U — M�i Mr � MM. WNW The Agency agrees to pay the reasonable expenses incurred by the Escrow Agent in connection with such redemption from lawfully available fimds of the Agency. Any expeme or list timnRAMEMILMA x 11 LqVtLVLj1:ff J r", ilk sn W VAU "wrl; w6V4 which compensation shall be paid at such times and in such amounts shown on Exhibit D. In no V, aMM, I.^ woi I I 4� r MT -71 1 0 -.Til, I I J'j I jjjjL�j tf I s , k 11 I fl� 5 40 A 1 a -F-j payment of the Refunded Bonds as the same shall become due and payable. ARTICLE III CONCERNING THE ESCROW AGENT K" Section 3.02. Permitted Acts. The Escrow Agent and its affiliates may become the owner (if &H*2qh&.—L2V tzwx�. WbU,-W-- Fd as if it were not the Escrow Agent. Section 3.03. Resignation or Removal of Escrow Agent. The Escrow Agent may not resign or be removed. to ;,will such confimistions, to the extent permitted by law. The Escrow Agent shall humish a statement of security transactions on its regular monthly reports. This language eliminates ffie need to send the need for a separate letter from the parties waiving this requirement. ARTICLE 1V NHSCELLANEOUS SectionAmendments to this Agreement. This Agreement is made fi)r the benefit M, 11019111!10piipi�i F 1101 1;'' ;=� - I -M-ML 9i notice to., such owners, enter into such agreements suppleme;tal to t -his Agreement as shall not adversely affect the rights of such owners and as shall not be inconsistent with the terms and provisions of this Agreement, for any one or more of the following purposes: be granted to, or conferred upon, such owners or the Escrow Agent; and '."i 1i complies with the conditions and provisions of this Section. Sectiot,.. y.yone or more of the covenants or agreements provided in iiaj:'4:;-A " fir "VT m g I T remaining provisions of t1is Agreement. Section 4.03. Agreement Binding. All the covenants, promises and agreements in this "W'W', W` AWW" W"WA!",69' 7 OPL —.t4w' owners of the Reftmded Bonds, whether so expressed or not. Section 4.04. Termination. This Agreement shall 11 A• upon and when all transfers Section4.05. GoverningLaw. This Agreement shall be governed by the applicable lawE *f the State of Florida, without regard to conflict of law principles. Section 4.06. Execution by Counterparts. This Agreement may be executed in sever -al counterparts, each of which shall be regarded for all purposes as an original, and all of which, together, shall constitute and be but one and the same instrument. Section 4.07. Notices. Any notice, demand, direction, request or other instrument V 14111,11164W 161", It, I it If to the Agency: Boynton Beach Community Redevelopment Agency 7 10 North Federal Highway Boynton Beach, FL 33435 If to the Escrow Agent: U.S. Bank National Association Corporate Trust Services 200 South BiscayneBlvd.; Suite 1870 Miami, FL 33131 l , , 111111�1111111 � ffn� ;I to, Im, M EM MAIT'", v.. I �14 , � Assist ant'Vice 11reS4dent I R "' 1� � " � . �1� " Mar 3, 201 1:03 pm Prepared by Fub ak FJ.mimcdul Inc. 7. 1Q Boynton Beach.CRA-2015,2015) Pe l E 350,411.00 00 1 1'KOI I( FCOYNTON BEACH COMMUNrffREDEVELOPMENT TAX INCREMENT SERIES 10 maturity interest Amowt JQqobcrlj Rate gmiff* $ 350,000 2015 l 103561 $5,690,000 2026 5.650% 103561 BBI # _ r7 4'r r• t# s 1 :,: �r .'=i i i I r i' i# r! r 1� i r i I t` ' i r :: t r:, �Y i •iri i! !� r` i 1 is t# 1ir *�' !1 1' #1a t r:l1.+ 1 <1i 1 #_lE, � i'+- redemption. In accordance1 Section r Resolution i F i' which the Refunded Bonds were issued, the Refunded Bonds are deemed pai(L i-4 `# . i '` it i i 1 i 1 l i i i i `: r ♦ i; r MO,'.1.I Matwity Interest mountmi AQgoberl, Rate gm* $5,690,000 2026 5.650% 103561 1 ' \ ♦� '.1` A 1 A 1 # 1 AA 'r i li ! "` , ,` A 41I A rt\i i Af 111041M, C[ W11001110 i1 ,"'1 AA i, :A i !: l,1"A I:.,.A fA `1MV ♦1', #1 ! -t r1 M' G.i11 i i) jr+ at a irA Mil A 4 r :A r equal# �' i 1 r 1 1+ ': Il # 1thereof. :.i -. 1 ! =r. r t. thea :ri' elll f # 1 I .r A \iM MI M 1 :IA 9 r M rM,1 17 i i"It; I r1 A ` # : ` A :ri # t :l i. I r :.# - of # Corporate Paul,I 11 Fillmore Avenue East ' 55107 1-800-934-6802 Under the JobsGrowthTaxReliefReconciliation of 2003, withholding w+ apply if 1lrl AI A IIA Ii..A i\467A - I '! # \i- AIIi! �U.■} r 11. l !" CUSIP numbers included solely fortheconvenience otheowners, and no representation made #the correctnessA the 'IP numbers indicated A thk ESCROW AGENT FEES AND EXPENSES In consideration of the services rendered by the Escrow AgentcrAgreement, ec - Agency ret agreesr ■,: the Escrow Agent an one-time fee of 00 to be paid on the t hereof, fo!i rt thet and s1 from 1'EscrowDepositFund, all services 4tbe incurred Escrow Agentinconnection f iplus :; promptly i.asincurred, reimbursementfor ordinary expemmm including postage :1d publication ! t R "ordinary out-of-pocket expenses"I expenses of holding k11 disbursing t1 # Deposit Trust Fund as provided herein includes, but is not limited to, publication costs, postage and legal fees as incurred, The Agency shallalso promptly reimbursethe Escrow Agentfor r extraordinary !-t incurred ! r connection r: t The term "extraordinary expenses" includes expenses arising out !assertion of any r r: party) any l :. 1the Escrow Deposit Trust :rr or my challenge to the validityhereof,tclu! rg reasonable afforneys'fm, costs and texpensese and (b)expenses(other than ! r '; expenses) not occasioned bE-Escrow Holder's misconductor negligence. The fam and expenses payable by the Agmcyt!` paragraphs (i) or (ii) shanot be paid from r: +' ltt the Escrow Deposit rr but shall be paid by !Agencyfrom legally available funds o, the er RESPONSE TO QUESTION 12 wl ��� i �� �� � 4� � � � r �� „� Boynton Harbor Martne B. ManMw shall Manager i M sem Ownees Ifflemsts at all *me. BECTON TWO. WMAGEMM AND OPEPATION SERVICES i Ott InlUals MMMEEM opfion ffi to Qwm or Ownees nominee, or MafmUer upon not kes then thirty 1301 W wOm nofics, and (d) require 1 auMclent e pertainingR SECTION THREE. ACCOUNTS AND RECORDS I aching kn those km4an, on are to be bom by Mari Indpids but rtcA be InMeW Int Monday through Sunday y lrnnWjlff1sly folbwing the repoffing Week. SECTION FOUR. OWPOSMON OF FUNDS FFbOM FUEL DOCKMWNA OPERATIONS SECTION WE. MANAGER NOT TO PLEDGE OWNEWS CREW Manager shal not pledge the wedft of Owner nor sWl Manager In the name of, Eyerythlrq; done by Manager in the pmper pufafrmce Df ft oblig,%U" wW &I pwmftd exwe" IncumW by. �ft under thts agmmmrk shaff befor ard ca b9mif of Oymef and for Owner's eowunt. Manager shaD be reimbumed for any WvWexMnws upw pnmrftftn of a maW and approval of the som by Owner, SECTION SEVEH. FKSURANCE Nofte Owner and the insumnce canier within 24houm aftor Manager mcalm no** of any suO lose, damage or WdW. 2. '° ight bar Ownerftm obb9ning WW KoIeWon aftrded Iby any pdkV, Omer may haW or which might prejudice Owrw In Ile debw b a dalm beeW on such km, damep or in)ury-. 3. Agms that Ownw shal have the e=hAhm flght,at b optbn, ID lwnduct ft defsrm lo any dalm. demwW or wft within Imb preserbed by the policy or poldes of lnwwce, and .4Has not acted neg%w0y and iny HaNty moub from such negl9mm. Inklais WMME� Wbrkees ompenestion In the ehfttowy emourt. 2, Comprehenshm geneml liability of at least $1,000,000.00, combkwd single Umt Manager mwt oWn Owner's permWon to waive any of ft above "u1mmwft. HOW amounts my be mquMW If ft work to be pedonned is suftlently hawndous. Manapr shall obtain and keep on file a oartificate of Insurance, wh1ch shom that ft aubca*aftr Is so insumd. Owrw dW1 be named as an adcffional insured on On cergfkate. SECTION EIGHT. TERM OF AGREEMENT 'The oVnW ftw (3) year term shell commenoe on Ow date lad signed by a party hereto and and on Se*mber 30, 2015. At the termineft of the o-Vrml form, zz�� E_ Dww nwy, Wrininate th1B egrewmt wfthout nadoe, should Manager not MWt al regulatwy guidelines wW "Wremente for tie ftmp and dk"nsing of W or allow any ha2ardaue oondidon to exkA reprding the 9"9 and dkWshig of fuel. SECTION NINL COUPENSATUM OF MANAGER Manager shall be paW an annual managwnwt fee of $168,,DW00 1($ 13.16&". Maroger dall be paid 1112 a( the annu.0 managment fte per mcnih due on ff* Omt day of tt* nwrdh falkwAng the month or wMcq and past due an the WomM day of the month. BECTIONTEN. INDESWICATION lmmilk1� any claims agabg Manager on account of any allefied emu ofludgment ffia& in gaW policiesfab in dstmkft the opwating m SECMN ELEM. SALE OF RJEL OCCAQUARINA SECTION ! W NOTICES Subod to at Wet 30 daW prior written nafte to and approval by Owner, or to which It *Wb ft majorky of Ift asssfL No other ae&fqnnwt of this ngmamnt or m i under m mem SECTION FOURTEEN. COMPETFTIVE DIDDLNG All contmcle ko mpoks, capbl Lmprmments, goods arid satvkm exmd!rq) $1,000.00 shal be awarded an ft bashi of compefifin bk1ding, sokjWd In the fdkAWng manner A. A mkftum of thme wn-ftn bids shall be obtWned lbr each mx:h pumbam. B. EwA bid will besoMed in a fim prawnbed by Ownw, so that tmffom*y vAl exW in the bid quotm. D. Owner "I be five to accW or road smy and al bk* E. MamVer may reqLmd that Owner mahm ffie compalffim blddN nibs on a csow,by-mm beals. SEMiN FiFTEEN. ROW. ACC0UMnNG Upon kminaffon of this agrownent fbr any maw, ManaW shaIR promptly d0fer to Owner the folowingwith ramped to the fim doddhmdna: A. Afhal ewounft, reftcHng the balanoe iof incom and expenm of fim fuel dockftiwfna, as of Me deft af tminabon or wfthdmwal, to be Mated *thin thW 1301 days after such WaNnedon or withdmwal; B, Any baknoe of monfee of Owner or tanant secudly depmb, or baffi, haki by Manspr wfth �respect to Vie 11A dooWmadna. to be delvered hmWfaWy upon termlinemn or wWWrmwal; C. AN recoft, oontects, boomgs, Wasft, remmvMn booia. fecoot for deposks, umald bft and other papers or documwft which partahi to to faW dockhriadna, to be d9fMvW kmie&My uponsuch terminoon or wftmwsg; MW D. A icompleft Iniventory of the met& of Owner, inckift, but not 11mkd to, pemonal property, equipirant Inventory and wnsumbles. SEMON SWEEN. INDEMNIFICATION BY MMIAGER m mzm�� A. If the doinage, kMky, wst, dalm or expense is aftrbutablis to (1) B. f W cost, claim or aqwres is atblindable to any r roman or cause, the cost of hxkm1ftvftn WWII be reimbursed by Owner fa Manaor by Manager of the cod and shag to the wMat possible be charged against ft SECTION SEVENTEEN. ENFORCEA131LITY If any pwvhOon of thb agrwnent or 2* appfication of any pmvisbn to any pemon r drwntances is heW Invalid or uronkmeable. the remainder of ft SECTION EIGHTEEN. WAIVER OF PRGVk3K= None of ft condWore or pmvblom of this agmeffient shall be hold tD hwe been empfoyvm, but only by an instunieft in wdft, signed by an ~ of Manager. SECMN NINETEEN. ENTIRE AGREMNT to the "act maffw of the agreemwd, notwfthaftnding any oral skffiwmft to dm counWmeft, each of vwhlch shel be downed an original. but aTJ of which tage4her "I consgute one and ft same InWumnt. This agmement cannot be changed or termituded orailly, NA only by wdfinq sIgned k)y the paTty mgminet wh(mnsuit, atm, nge or twmineflon is anewted. SECTM 7WEMY. 13URDENS AND BENEFITS This agroenvwd OM11 be bMing Upon and &hWI inure to the benefd of -die isvecWe bP1 rOMMIRUNS. suemsm and assigift of Manapt, Owrier and any fujure Owner or Wmee of the W docWmarins, SECTION TWEKff-0NFL OOVERNINa LAW TMO 419FOOMM Shifil be Interpreted Umfer and govemed by the lam of to steft of Florida. SECTION TWENTY-TWO. HEADINGS, M heaftp am bweftd only for wrwnbrme and ease of mbreme and am not to be comidared In ffm owstnxbon or InterpreMon of any prafton of fift agmeffont. SECMN TWENTY-THREE. REPRESENTA71ON MenW repmwts and aaaffwft ftt R Is ftft quaMed and kansed, to ft exftnt mquked by law, tD nienage rml estate and fUgW dock4urkin wW peffbim all obRgslone mumed by Mansgw under this sgrwrant. Manager agmes to comply Wfth ON BUCh laws now or aftrwards in efbat. 7b8 PMUM tD thIs 39MOMSM hays 619n8d the aPMWWnt ft Of the dates indicated below. 7bb agreement may be 819nO In courvWpaft wfth each oanoMqmd or�glnals. OVMEP.- MANAGER: BOYNTON SFACH commiNITY WAYPOINT MANE, INC. REDEVELOPMENr AGENCY k SY tt - 1.� � t = s _ � � F �j �� .. .a - - - -= � - =_ — � --= - � ADDENDUM NO. I BOYNTON HARBOR MARINA Ibis Addendum to the Fuel Dock and Slips �&=getncnt Swvices Agreement C'Addendum") is made by and between Waypoint Manne, Inc., CUanager") a 7cworpomtion 9 _ 4 TIR"ill P7 the WVOWAW49- its Agency ("Ownee), a municipal corpornfion located at 410 N. Feda-al Highway, Boynton Bmcb, Florida 33425 (collectively the "Partiet?). WHEREAS, Owner owns a fiml dock and marina at 735 Casa Loma Boulevard, Boynton Beach, Florida (the "Fuel Dock and Marin6"); and T I I IT-MvrMUMni 41 111 0 "A' 1W, pwol(I 14VA it; ;1 0 " A t, , �11 i 'A 042 C i MT704 rt A WHEREAS, the 2012 Agreement provides ffiat the parties may clod to renew the 2012 Contract for two additional three (3) year terms; and WHEREAS, the Parties wish to rmew the 2012 Agreement =der substwtially the same terms but with the revised language fimnd in this Addendum; MUTUTM, Mlzaflq. 17*1_4jai 1741:171 151 �� () Incorporation. The Tocitals above and all other information above are hereby ila"Iporfili herein as if ffilly set forth. 2) Superseding Agreement This Addendum shall whcdy supersede the term in the 2012 Agreement, and shall control. 0M521&2 Page 1 of 15 R� ljj�� ��111111 I Jill 11 111! J11 177, ve .77-77""M 77, CELF-777-17% IN PTSLIJ ]tZ.V-*77TWM Ir Wwc assumed by NbaW undw %is Addcndum. Managm agrm to cmply with all such laws tiow or aflaww& in effmt 4) Mmapment and Operation Servkes. Managm duill pmTxm the following sm-vices in connechon withthe surte! mon, administimfion, and musgement of the FueJ Dock and Mmum (-I�mnent and Operadon SlmmcW) m aw"timce with the tmrt: s and cmilifitions set-&,tA, in 6+%4,ddeadum: M65BIO-2 Page 2 of 15 gencral manager. The replacement of any general manager will be nibject to t6i review and approval of Owner. C Prkes. The establishment of all prices, price schedules, rates and rate schedules shall be subject to Ownees prior written approval. Incomc Manager shall use (filigent efforts to collect all income of any type and nature Much may become due fivm time to time for goods and services directly or in&ectly related to sales, leascs, rentals, or otherwise connected to the Fuel Dock and Marina. 11iis income includes, but is not limited to, monies collected for the payment for slip rentals, utilities for slip rentals, Mel, and convenience itcmsManager shall collect and identify any income due to Owner and deposit such income daily into the Operating Account as specified. below. Manager shall not write off any mcome due wiftnt the pnor wntten approval of Owner. In the event that Mana&w determines it is necessary to retain legal counsel or a collection fim to collect any incomes, the Manager shall be requk-ed to obtain Owner's approval in vaiting for the selection and retention of such counsel or firm. All expenIm incun-ed in retaining such counsel or firm shall be submitted to Owner for approval prior to payment. WW81&2 Page 3 of 15 Maina, and not in the =me of Ovmcr. Irk, I'll OEM 7IRT MRt I DOM= Pap 4 of 15 10.1 #. ,#+N 's 103 1 AVIIIIIIIII pt� in full compliance with federal, shft and local laws, ordinanom, regulabons and onler% including fair housing laws. UOMIA-2 Page 5 of 15 P. Open Dally. Manam understands that it is responsible for Managemmt and Operation Services wen days a week fi)r the term of this agreanent, except fbr in emergency situations, hwTicanes, etc. 5) Accounts Rnd Re0ords. Acwunflng and internal ,:.1 +' system shall be administered as follows: y'! 1 equal to the value of 1, f m of x 1 int from 1 ManagWs employees oraffiliates arisingi1 the purchasegoods or serviom fbr the Fuel Dock and Marina; and 5 Disposition 1 Funds fromFuelDock S,MarineOperations. Fundsa ed .!� �k $ managementand 'Ad '�F i < i1 i i D Marina or from Owner 'A" Xcome it `-.+l Manager's possession shall be received,hand kC and disposed of as follows: A. Owner's Accounts. AN fimds received by Manager resulting ftom the management and opmdon of the Fuel Dockand Marina,includingany M,z Page 7 of 1 T'his paragraph shall not he consftued so as to require to Owner to be responsfibltin for payment of Management Costs, which shall include, but not be limited to, expenses related to Managers employees, Managers vehicles, Managees insurance, Manager's overhead, or other costs associated with Manager's n1orp1rate drairs. C. Payment to Owner. Owner shall have full contml of the Operating Account and all funds from the operations of the Fuel Dock and Marina. Owner may disburse funds to itself as it deems appropriate. c W563918-2 Page 8 of 15 i. Notifies Owner and the insumce carrier wn 24 hours after Manager receives notice of any such loss, damage or injury; Takes no action (such as admission of liability) that might reduce or prevent Owner from obtaining imy protection afforded by any policy Owner may hold or which might prejudice Owner in its deftine to a claim based on such loss, damage or injury; di. Agrees fluit Owner shall have the exclusive right at its option, to conduct the dafmse to any claim, dentand or suit within limits prescribed by the policy or policies of insurance; and iv. Has not acted neglqpntly or wrongfiffly m oonnerton with the loss, damage, or injury. QM69124 Page 9 of 15 D. Additional Insurance: Manager shall be responsible for any insurance Manager deems appropdate for msudng the convemence item and any equipment Manager places in the Fuel Dock and Marina. Manager shall carry such other insurance as reasonably required by Owner E. Contractor Insurance: Manager shall require all conftwtors or subcontractors. that perform work conneaW to the Fuel Dock and Marina to havc ins�e coverage at the contractor's of subcontractces expense, in the following S mounts: RA, H. Comprehensive general liability of at lead $1,000,000.00, combined single limit. B. Upon termination of this Addendwn, all sums due to either party WWI become immediately due and payable. C. In addition to other termination rights provided in dzis Addendum, Us Addendum shjU tmmmift automatically and immediately upon sale of the Fuel Dock and Marina by Owner or upon. tu-mination of Ownees fight to sell facl at the Fuel Dock and Marina. Owner agrees to give Manager prior notice of any We of the Fuel Dock and Marina, or any portion thereof M65118-2 Page 10 of Is 15) NoficeL Any notice, statement or demand required or pemiitted by this Addendum to shall he in writing, and shall be sent by ra&tered or certified mail to: A. For Owner. Boynton Beach Community Redevelopment Agency c/o 710 North Federal 11ighway Boynton Beach, FL 33435, 1111111;11111�11111 !IIIIII 1111111111111111pill p 1111111111!111 11111111 w"'I T Any such notice, statemmt or demand shall be deemed delivered as of the date of delivery identified on the registered or certified mail receipt. 16) Assignability. Subject to at least 3 0 days' prior wriffm notice to and approval by Owm, Manager may assign its respective rights� interests and obligations under this Addendum to any 4' 4` o any amporation with which it merges or is consolidatK or to an%j DOWIN-2 Page 12 of 15 00"164 Page 13 of 15 C. Ensum that public records that are exempt or diat are confidentud and exempt from public record requireiments are not disclosed except as authorized by law; and 28) Compflwee with Laws. In the perforaiwice of the Mmagment and Operation Servic= Under this Addendwn, ffie Manager sball comply in all matmmd respods with all applicable ftdcral Ond state laws andrcgulatim and all applicable Palm Beach Comty, City of Boynton Bea* and Owner ordinances and regWations, including ethics and applicable pro=ciii t rquirem1",- „" M r',( nt atkm shall survive the expmton or tommation of this Agreement and remain In full form and effect. WITIMSS INM�, the Parties hereto have caused this Addend= to be exwuted on tire day and year written below. By Authorized Rqwesentalive, for Manager BY', Date: ® Representafive for Owner NMU" Page 15 of 15 A2RMtUJM NO. IN olf-Itf*,114AMM, d41,�'tu-,!:tw,),�.w '11414"UNJI'Actl MVTAMMM,U� I :., - olli. 1, 1 7,0; I amm1" Pop I of is Fuel Dock and Madm Owner may RW MOO= MaDRSM, manap any eadUvy facilities or savic= under fim tam and wnditions of . m an efficient and m w Manger roprem* and wwwu 69 it is My qwMed mA Hcms4 to the =tot raqWrcd comply now or aftemards in d%ot hof the lex Pago 3 of 15 tamalgla Page 4 of 15 P. t in vxpomlbic t of 15 I Mmutga in the n=e of or an behalf of Ownet bmrow any money or execuW any Owner. i amil"'' Is i. Notifies receives actice of any such " ; H. T" no action (mich = admizoion of haWity) tW n4& reduce or policy Owner may hold or wWch miSM iejudke Owner in its defum to at dmim M , have the exchmve nght, at its option, W wnduct Wt Wt limits v. Hm not aded nc~y 09 vraqpffilly in tion with ffic loss, I,� D. Ad&tlonrA a ar MkMW l === no rawrably ruldred by Ower E. 4 minimum amuunft '31f S N 13. Upon twinfi"on, f Us A&&w&m% aft bum due to ddw pwty OW bewme. b=odiviftly due mW play le - C. lu addition to other tilinminationAddendum w ddly upon ale of the Fuel Dock =4 n f my mW of the Fuel Dock and w a na, or my 2 Page 10 of 15 7 Boynton BevA FL 3 343 5, or t tummwinwrift B. For Mamsar.- t or danuA sh&U be deemed dchverWo identified on the mglacird or certified maU reedpL c , any suboidiary, to any omwation with which it mwps or is conw1ulg&L or to any 0MYNIM Page 12 of 15 i t may exist fimn Uwe to tftne� for the Na Addendum for any reawn, h&uuW I AMWdy 4divw to Owner the fbHowing with rwped to the FW Dock and m m B. Any balm= of mOMOS Of Owl= Or teumt awmity d g hfinagw with roqxd to the FEW Dock amd MarivA to be delivemd to owner a bodbW Imm. mavabon book% MzIPft ft depoft, UumftcedbIA *a =amder of the Addend= wiV oontmue to be bWing upon the pwdcs. 21) No Dhwrimimadom MmW l not duadrshuft *Ling any pmm gn the basis of rac% 22) Wakvw of Previdoa& Owner may, in provision, or raquiremwt of the MawMw eontairW i t aMMI" Pap 13 oft MmuW WWI not be deamad to haVe waived any of the ccnftone� proviidws or sly rtqukMMt IMS Of 00 SWO of expmdy This A"mdwn shaU be ed to be &aftod m jParties ftwnd d l y inawordmce with the pwpow of ° 26) 1n&Vmd=t Advice. ne Pa&m dedwe that the tam of this Addend= have boen road and am My underdood. 1U Pardes undmvtand *9 ii each Pwty is adyivmlto seek indepmuka legal advice in cowwWan wft &a matten reftmW subjed to Mow 119, FWda ft=m- bj*mW rewrds that mdmwfly and nemanly would be B. Provide the pubHo with aums to m& pchlic conditions t tlxt dm not Florida INWID fmm clic rewrd Teqd=cnts we ant aw Opwdlian Semen Dmdm Bodi, and Owner m' proau=eatreqWrunwb. . � inmamov, and Ion Df fib . IN WTrNM8 WHEMF, &@ Pufles haxft have, caused this Addmium lo be examted on the &y and wflfim . T � IA 810-2 Date:J-O/-/ K/ I -r— . Boynton - ,: General Fund Overview * Increase • ' the Project Fund for redevelopment projectz Expenses FY 14-15 FY 15-16 From Expenses FY 14-15 FY 15-16 PriorRevenue 10% e Operating expenses increase of 10% (below revenue increase of 12%) -Debt- 1 -Transfers• 111 i1# Project.+ $3,854,480 $ 5,034� Boynton - ,: General Fund Overview * Increase • ' the Project Fund for redevelopment projectz Expenses FY 14-15 FY 15-16 Prior Year Expenses $2,943,667 $ 3,242,953 10% e Operating expenses increase of 10% (below revenue increase of 12%) -Debt- 1 -Transfers• Project.+ $3,854,480 $ 5,034� $9,100,000 $10,419,593 15% Department expenses up 7% (healthcare costs up 20%,3% merit pool) Insurance & Reemployment/Leave Payouts up 35% MarinaTotal Managementcontract_ .: Contingency budgeted at 11% of total General Fund Debt p 1. due to bond refunding for Series 2015 • Total savings of $4.4 million over life of bonds between the two refundings 2012 CES - 01-51410 FkT401. 5 il-otes: Increases due to carrier estimates, addition of new Marina building, parking structures, vvindstorm coverage increases, Flo-fda reeTrQloX-ff eirt nUX-ff etts a -td leame n&v ig EVEMEM" $ 18,975 17% $ 27,500 125% $ 46.475 35% Property, General Liablity, Crime, Inland Marina, Public Official & $ 80,000 $ 80,000 $ 80,000 $ 90,000 Management Liability, Auto, Excess Liability Storage Tank Pollution Policy (2 yrs.) $ - $ - $ - $ 6,000 Citizens Windstorm Policy $ 12,000 $ 12,000 $ 13,000 $ 14,000 Construction Policies $ 10,000 $ 10,000 $ 10,000 $ 10,000 Policy Contingencies $ 7,500 $ 7,500 $ 7,500 OTHERINSURANCES $ 22,000 $ 22,000 $ 29,500 $ 49,500 59000-153 Retirement Plan Fees $ 1,000 $ 1,000 $ 1,000 $ 11000 59000-154 Workers Comp Insurance $ 3,500 $ 3,500 $ 3,500 $ 3,5130 59000-159 Reemployment Payments $ 2,500 $ 2,500 $ 10,000 $ 10,000 59000-161 Leave Payouts $ 15,000 $ 15,000 $ 15,000 $ 35,000 il-otes: Increases due to carrier estimates, addition of new Marina building, parking structures, vvindstorm coverage increases, Flo-fda reeTrQloX-ff eirt nUX-ff etts a -td leame n&v ig EVEMEM" $ 18,975 17% $ 27,500 125% $ 46.475 35% El LEWIS, LONGMAN & WALKER, P.A. A r T 0 R N E Y S A 1 1. A W Robert T. Reardon Boynton Beach CRA 639 H. Ocean Avenue, Ste. 103 Boynton Beach, FL 33435 Re: Resolution No. RI)6-059" �' N 01-3 Encl�sed for your files please find a copy of Resolution No. R06-059 of the city Commission approving the Interlocal Agreement brtween the City and the CRA to wwitm*e r,?.& T , " -r;&Ili If you have any questions regardine this matter,, I:%rJiwt DucurnentABOynton Bewb CRAX2419-a0D%C0rARe2rd0n Ur 2.doc BRADENTON 1001 Third Avenue West Suite 670 Bradenton, Florida 34205 P 0 941-7411-4040 - (1941-708-4024 JACKSONVILLE 9428 Bayrneadows Road Suite 625 Jacksonville, Florida 32256 P 1904-737-2020 0 f j 'M.737-3221 TALLAHASSEE P.O. BOX 10788 (32302) 125 South Gadsden Street, Suite 300 Tallahassee, Florida 32301 P 1850-222-5702 - f 1' BSO -224-9242 NESMOMI"M WEST PALM BEACH 1700 Palm Beach Lakes Blvd. Suite 1000 West Pain Beach, Florida 33401 P 1561-640-0820 ® f F 5611-6412-13202 4 6 7 9 10 11 12 13 14 I5 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 AgreementRESOLUTION NO. R06- 0 R9 WHEREAS, the Interlocal perm -o ynton Beach Community WHEREAS, the City Commission of the City of Boynton Beach, -upon Boynton Beach Community Redevelopment Agency permitting the CRA to utilize the City's Section 1. Each Whereas clause set forth above is true and correct and Section 2. The City Commission of the City of Boynton d . does hereby approve the Agreement between the City of Boynton Beach and the Boynton Beach Community .pBoynton Beach Conimunity 1 2 3 4 5 6 7 8 Redevelopment Agency to utilize the City's benefit plans for employees, a copy of said Agreement is ad hereto as Exhibit "A". Section 3. That this Resolution all become effective immediately upon passage. PASSED AND ADOPTED this 6W day of Fe . w Mro - OMMISSIOner Mwiff"IfIrMUM This is an Interlocal Agreement, made and entered into this 14th day of FebruLgy.,_ 2�006 by and between: F., U -T#1 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III, Florida Statutes, hereinafter referred to as "die CRA" or "CIZA.1p WITNESSETH: WHEREAS, this Agreement is entered into pursuant to §163.01, Florida Statutes, alst. known as the "Florida Interlocal Cooperation Act of 1969"; and WHEREAS, the CRA is a public agency created pursuant to Ordinance No. 90-21 dated August 7,19 90, as subsequently aniended; and WHEREAS, City is providing the CRA with the ability to utilize existing City agreements with providers of health and other insurance, thereby allowing CRA employees to ft-articipate in health and other insurance plans under the same coverage's and programs offered to City employees; and WHEREAS, City has entered into a health insurance plan with Blue Cross/Blue Shield of Florida, MetLife dental, vision care, and life plans for the 2005/06 fiscal year (the "Plan" individually or the "Plans" collectively); and WHEREAS, CRA is desirous of participating in the City's Plans for the benefit of CRA's employees; and WHEREAS, City has no objection to CRA or its employees benefiting from the Plans negotiated by City with private providers ("Plan Providers"); and NUEREAS, the Plan Providers of coverage's under the Plan have agreed to ffimish services to the CRA for the benefit of CRA employees at the same rates, beneflts, incremental costs, and terms and conditions contracted for with City; 0M. 15FROFFilil 111 1 # i coverage's1.1 The Purpose of this lnterlocal Agreement is to permit the CRA to utilize the Plans for afforded toemployeesof # negotiated agreements PlanProviders, # benefitof 'employees. parties desire formulate such relationship in this InterlocalAgreement. of parties is that all plan administration responsibilities, premiums, and any other costs and expenses associated with the providing of coverage under thePlans to CRA employees shall be the responsibility of the CRA. It is also the intent of `- apportioned costs for 1 for the City's assistance be incurred by and be the responsibilityof - CRA. ' '��UWWIIIURIIIV to) 5P 2.1. Subject to any separate agreement(s) being required by the Plan Provider(s) of the CRA may offer enrollmentto CRA employeesPlans for2005/06 fiscal year under the terms andconditions of this Agrtement-and subect1 renewal as !# !' [MGMARMO i it Q, 11 to enter into a written agreement with the Plan Provider to, in essence, piggyiack the City's agreement with the Plan Provider. However,i* 1 ! that, exceptnegotiated between the CRA and any Plan Provider, any such reement between the CRA and the Plan Provider ! ,d#terms isconditions�i.A -i r: Provider. - Plansi Plan Providers ar i ! - set forth!copy of which is attached hereto and made a part of this Agreement. Based on the City's independent negotiations for services and coverage with Plan Providers, Exhibit "A" to this Agreement may be amended by the City on an annual basis without the necessity of CRA or City Commission approval. CRA shall administer! icanwilationof CRA employees Plans, and shall remit to the Plan providers on a monthly basis in accordance with the City's agreements with any Plan Provider, the CRAS share of contribution required for such premiums and coverage's resulting from CRA employees' enrollment in the Plan. The CRA shall be fully responsible for and remitting all required sums from its employees. CRAS use of Plan collecting Provider agreementsshall in no way bind the City. understood and agreed that City shall not a responsible for r expenses, premiums, or contract requirements of CRA in connection with the CRAS use of City's Plan Providers, and that CRA shall hold harmless and indemnify City, to the extent permitted by law, for any costs or expenses whatsoever attributable to the CRA'S providing of and making available such insurance coverage to and for CRA employees. CRA shall reimburse City for additional costs,#' in addition i i those specifically provided fbr in this 2.4 Should CRA desire to have City provide any services in connection with provision of insurance benefits to CRA employees, a separate agreement or amendment to Agreement shall be required and mutually agreed upon by the parties. I 2.5 City will provide reasonable assistance through its Human Resources departmental staff to CRA to answer questions regarding Plans and r ....... - r ontacting Plan Providers with CRA matters concerning the Plan(s). 2,6 CRA expressly understands and agrees that, subject to any separately negotiated provisions between the CRA and any Plan Provider as provided for in Section 2.1 above, Plan premiums, costs, benefits, and coverage's may be changed by the City or City's Plan Provider throughout the term of this Agreement. 2.7 Except as specifically provided in sections 2.8 and 2.9 of this Agreement, CRA shall make all required payments directly to Plan Providers, which will bill and invoice CRA separately from City, in accordance with the agreement between the CRA and the Plan Provider. CRA shall have separate account numbers, separate accounts, and separate invoices with Plan Providers. w. I I , - wa trj I 1 114 I.Oil) I IS I t4 It) ft�xo t I I 2.9 Should City purchase stop -loss coverage from any Plan Provider, CRA agrees to pay its share of the premium for such stop -loss coverage, apportioned based on the number of CRA employees and the additional pooling charges assessed by Plan Provider(s). Unless otherwise directed in wrng by City, CRA pa City directly for this incremental cost in advance on an annual basis. CRA shall pay City pooling charges in accordance with Exhibit "B". a copy of which is attached hereto and made a part of this Agreement. 2.10 On a monthly basis, in advance, CRA shall pay the City an administrative charge equal to Ten ($10.00) for each CRA employee enrolled it Plan of the City. Ibis administrative charge shall cover a portion of the costs incurred to the City in assisting the District and their employees with issues related to insurance and Plan coverage's. 3.1 This Agreement shall be deemed to have commenced on March 1, 2006, and sh continue in full force and effect until terminated by either party in accordance witb Article below. MW 4.1 City is a state agency as defined in Chapter 768.28, Florida Statutes, and CRA is a public agency created pursuant to Chapter 163, Florida Statutes. To the extent permitted by law, each party agrees to be fully responsible for acts, omissions, and negligence of their agents, officers, or employees. Nothing herein is intended to serve as a waiver of sovereign immunity as consent by a state agency or political subdivision of the State of Florida to be sued bythird partiesout of gor other contract. regard4.2 Both parties acknowledge that this an Interlocal Agreement created pursuant to Section 163,01, Florida Statutes, and that each party shall retain all legislative authority with to its respectivegoverning body. All of privileges and immunities fromliability; exemptions from laws, ordinances, and rules; pensions and relief, disability, workers' compensation,and other benefits which applyto the activity of officers, agents or #r 4 of any public - when # respective functions within the territorialf respectivetheir -applyr the same degree and extent to the performance functions and duties of those officers, agents, or employees extra -territorially under the provisions of !Agreement. F1,114VI* 5.1 This Agreement may be terminated by either party by notice of tennination in accordance 6 herein at least sixty ! 1 days prior expiration r of of or Plan, i .ed that such termination does notimpact its contractual relationships with Plan Providers. City may tenninate the Agreement immediately upon notice from any Plan Pmvider that CRA is not complying with plan administration procedures or is not paying premiums to a Plan Provider in a timely manner, and such default or breach by ! !. agreement f'xovider. 6.1 Any and all notices given or required under this Agreement shall be "'n may be delivered in person or by United States mail, postage prepaid, first class t 7dr-Mifile return receipt requested, addressed as follows: TO CITY: City r- • r� IfQynton Beach, # #T i copy to: City Attorney ii. 4 i# TO A.. Lisa Bright ►a� #ENVi ` Attorney i Lewis, Longmani Walker, P.A. 1700 Palm Beach Lakes Blvd.., Suite 1000 West Palm Beach, FL 33401 7.1 ASSIGNMENT; Neither party M 1 assign this Agreement without the express mutual consent of the other party. 7.2 DISPUTES: party's performance [ the party # the other party # # 5. nce with Article ! advising of disputed matter. In the event that the disputed # resolved to the satisfaction of the CRA and the City, the dispute shall be submitted to a mediator mutually agreed to by the parties before any litigation is brought. 7.3 WAIVER: 1eitherparty rty # i- # .. # ## # d4 # # A�#t be .. construed of �shall # # * or 7.4 SEVERA131LITY: If any terms or provisions of g - or the application thereof to any person or circumstance, shall to any extent be held invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision, to any person or circumstance other than those as to which it is held invalid or unenforceable, shall be deemed valid and enforceable to the extent permitted by law, 7.5 ENTIRE AGREEMENT: It is understood # agreed that this Agreement matters contained herein and the parties agree that them are no commitments, agreements understandings concerning the subject matter of this Agreement that are not contained in th document. Accordingly, it is agreed that no deviation from the terms hereof shall be predicat upon any prior representations or agreements, whether oral or written. I 7.6 TA-PEPENDENT CONTRACTOR: City is an independent contractor under this Agreement. Any services provided by City pursuant to this Agreement shall be subject to the supervision of City. In providing such services, neither City nor its agents shall act as officers, employees, or agents of the CRA. This Agreement shall not constitute or make the parties a partnership or joint venture. It is understood and agreed that employees of the CRA are not entitled to any benefits offered bi! the Ci tyi. to Plan Providers pursuant to this Agreement. Any benefits to CRA employees are conveyed by (he CRA and at the cost, expense, and liability of CRA. 7.7 MODIFICATION: It is further agreed that no modifications, amendments or alterations in the terms or conditions contained herein shall be effective unless contained in a written document executed with the same formality and of equal dignity herewith.. 7.8 CHOICE OF LAW; WAIVER OF JURY TRIAL: Any controversies or legal problems arising out of this transaction and any action involving the enforcement or interpretation of any rights hereunder shall be submitted to the furisdiction of the Fifteenth Judicial Circuit of Palm Beach County, Florida, the venue situs, and shall be governed by the laws of the State of Florida. In the event any causes of action arising out of this Agreement are pre-empted by federal law, any such controversies shall be submitted to the jurisdiction of the United States District Coud for the Southern District of Florida. To encourage prompt and equitable resolution of any litigation that may arise hereunder, each party hereby waives any rights it may have to a trial byj-ury of any such litigation. 7.9 DRAFTING: This Agreement has been negotiated and drafted by all parties hereto and shall not be more strictly construed against any party because of such party's preparation of this Agreement. I filw-N 41MOti I 1108 1 IV, 10fify] p Ft) JLq—AM foil 1 $[4,2 Forl= 111 iii,immillli Ir"")f -41 IN WITNESS WHEREOF, the parties have heretoset their hands and seals this day of I R %I wL, .9 2006. By: Pname: nt nan ®n Chairman 7E004wa VkeA%"%L-t,-a Print name: Secretary Attest: *i rainito, City Clerk et Prti Mft�� OM KurtA Br sner, Avy Ma=agger�— well-childBlueCareP for -,�rou �sL.� is an HMO godu ct off ered �#rj Health 0 4,t*oW1irWWj_- zubsidiary of Blue Cross and Blue Shield of Florida. The features of BlueGarO are -- 0 A full range of benefits for hospital, physician and other medical services 0 Preventive care, such as routine physical exams, care, immunizationsand health care screenings I Predictable costs through pre -determined co -payments for health benefits as long as care and referrals are coordinated through a Primary Care Physician Our BlueChoicO PPO (Preferred Provider Organization) plan offers the freedom to choose any doctor and hospital for care. However, members receive maximum benefits and are free from claims filing and balance billing when they choose Rhysicians and providers who participate in the PPO network. Our BlueOptlons$" PPO health insurance policy offers members the freedom to choose any doctor and hospital for care. However, they can maximize their benefits, and free themselves from claims filing and balance billing, by choosing physicians and providers who participate in our NetworkBluesL* provider network. Additionally, members are protected from balance billing when they receive covered services from an Out -of -Network provider who participates in our TraditionalProgram Netw# '... Dental Group Dental needsDental care is a part of healthy living, and for this reason a dental benefit plan is a highly appreciated employee benefit. Yet, many employers do not offer a dental benefit plan as part of their overall benefits programs. This can add a financial burden for employees. Fortunately, MetL!fe has the knowledge and innovation to offer a range of affordable dental benefit plans to fit the of r Vision\ In-NetworkVislonCere Plan offers employees and their dependents a benefit that covers all routine eye care, including eye exams and eyeglasses (lenses and frames) or contacts. The plan features: and /' benefits. Exam Plus, if you prefer youget • plus i for ! place of ! Life & LTD Jefferson Pilot provides life insurance and accidental death coverage to all employees and their • \" !' :,Program Terms The medical, dental and vision care programs are all annual programs with a contract renewal date of October 1'; however the programs are administered on a calendar year basis. The I& and AD&D are on a 3 year contract. UM EXHIBIT 1 Note: The above pooling charge calculation for CRA is based 1r oduring last the rnonth of #experiencepon which The City's 10/1/2005 renewal accountedbased. The actual annual expense charge will be prorated to the date of coverage and October #ir. Should average enrollmentbless than that shown - eo The City will reimburse CRA the amount of pooling expenseoverpaid, # l' poolingthe enrollment be less than that shown above, then CRA will pay The City the additional -incurred.(actual annualenrollment1 pooling,1�_ Pooling Rate and Annual Type Monthly Pooling Coverags Enrollment Total.maxerase EO 14 $ 15.96 $2,681.28 32.71 785.04 EC 0 30.16 0.00 EF 4 37.91 $1,819.68 TOTAL 20 $440.50 $5,3286.00 Note: The above pooling charge calculation for CRA is based 1r oduring last the rnonth of #experiencepon which The City's 10/1/2005 renewal accountedbased. The actual annual expense charge will be prorated to the date of coverage and October #ir. Should average enrollmentbless than that shown - eo The City will reimburse CRA the amount of pooling expenseoverpaid, # l' poolingthe enrollment be less than that shown above, then CRA will pay The City the additional -incurred.(actual annualenrollment1 pooling,1�_ i s i i[*WJLWi111 The Project iconsists♦ ongoing and nowprojectssummarized.. detailed - budget document. Rollover• oI: • Additional ► FY 2016-2016 (part of Transfers In) Funding• Direct Incentive - _, • Proposed Projects - new in FY 2016-2016 Professional aenses, Special Events, Marketing, Community+ ..tor Prr 2,578,060 1,642,122 % Change From r Prior Year % Transfers In from i! Total l The Project iconsists♦ ongoing and nowprojectssummarized.. detailed - budget document. Rollover• oI: • Additional ► FY 2016-2016 (part of Transfers In) Funding• Direct Incentive - _, • Proposed Projects - new in FY 2016-2016 Professional aenses, Special Events, Marketing, Community+ ..tor Prr 1,240,000 900,000 111 $ 7,612,1 s2 a Y 2,578,060 1,642,122 1,240,000 900,000 111 $ 7,612,1 s2 a Y • • +l ng/Rol loverProjects Marina Open Space Propertyr Economic• • Boynton Beach Blvd. Design r . a i Renovation211 SquareTown Project UpdatesCRA Plan Total Ongoing/Rollover Boynton Beach CRA Project Fund Overview FundingDirect Incentive ("DIFA") Ppyments represent contractual obligations for $ 1,240,0 major• - .. • ,Costa,- . a uCove, Cornerstone/The Preserve i 1. Model Block (in collaboration 2. Community i i 2. Cottage District 3. District $ 900,000 Professional & Other -Design.-- • Surveys,Appraisals, �Ir Ir Legal,Demolition,Contingency .• Special Events r iir Community,Planning, . .. f .. Ii ProjectBusiness Incubator irl rt Total Project • - FY 2015-2016 ay Total FY15-16 FY 15-16 $ FY 14-15 Proposed Rollover $ .. • Amount.; 200 ,000 834,030 I ,122 613,024 +314,083 400 ,000 250,000 1087410 r1r 80,000 200,000 I .i ' Ir FundingDirect Incentive ("DIFA") Ppyments represent contractual obligations for $ 1,240,0 major• - .. • ,Costa,- . a uCove, Cornerstone/The Preserve i 1. Model Block (in collaboration 2. Community i i 2. Cottage District 3. District $ 900,000 Professional & Other -Design.-- • Surveys,Appraisals, �Ir Ir Legal,Demolition,Contingency .• Special Events r iir Community,Planning, . .. f .. Ii ProjectBusiness Incubator irl rt Total Project • - FY 2015-2016 ay Total FY15-16 74,152 $ 927,107 650,000 300 ,410 $ 251,713 200 ,000 200 ,000 :r I FundingDirect Incentive ("DIFA") Ppyments represent contractual obligations for $ 1,240,0 major• - .. • ,Costa,- . a uCove, Cornerstone/The Preserve i 1. Model Block (in collaboration 2. Community i i 2. Cottage District 3. District $ 900,000 Professional & Other -Design.-- • Surveys,Appraisals, �Ir Ir Legal,Demolition,Contingency .• Special Events r iir Community,Planning, . .. f .. Ii ProjectBusiness Incubator irl rt Total Project • - FY 2015-2016 ay a U- O ,' BEACh 7i a K11WITC Rollovers (Fundedin.. - .,; (As of 8126/16) 4Source: Incode and Budget Trackina Worksheets M Niodel Block I tI 1 1 X 1 1 1000, ,Community i f 1 1 ... tt t f t Cottage District �. I Illi ,DistrictProgram !TMP _. $ 111 '410,000 t ttt Business Incubator Project All $ .., J$ ___�,00�0� 000 50000 •• ..o al 1', 5,000 �1 50,000 Total4 ! 1 1 4' • Project r . F1100971TOMI, ,. �.,� • . :' ... ,; A ! I I Wt HIM +�t Ott Economic Development Grants I tI 1 1 X 1 .,. t ttt f Marketing Programs lll;.�Zmeioa Pronects & Proarams Special E= _: !TMP _. $ 410,000 '410,000 1 Business Incubator Project All $ .., J$ ___�,00�0� 000 50000 •• ..o al 1', 5,000 �1 50,000 Total4 ! 1 1 4' • Project Rollover . . FY 2014-2015 ! 1 Rolicygr Allocated to: Marina Open Space Promect Wayfinding Sign for Art District $ 25,000 Marina Phase 11 - Harbormaster • 30,000 t FEC Corridor Landscape Project $ 93,775 • e 20,985 tt f •tal Reallocations $ 192,260 Marina Open Space Rollover 641,770 Total $ 834,030 ►,1 �om the CRA Chair Jerry Taylor -palm nteed to 'i 91ilig", 7 PAUFTWOM J1 _k 4 TFX i er I -s and tourists, Avenue is a priority of the CRA and to help with that the CRA is in the sidewalks to light up the trees. The lights change color charitable events. CRA Financial Summary The Community Redevelopment Agency is funded through tax increment revenues. Properties located in the CRA 11,000"Na "M c&cvclsLxlllCllLaFeais7ransTerrea to the CRA for reclevelov AW ic; "Wes -i taxable and nontaxable b.;..;. �IE TF, 71110, 1 t ELI; AIR i no Me tne issuance of The Agency's tax 'increment fund revenues increased by 18.5% or $1.3 million to I approximatel4 J8.3 million W - le- 70SUM-ITUM-resm n 151, ami y lxllwll-��K AVIVtZA"; AWrO .7, — e T n condominiums and commercial properties, and (2) the completion and inclusion On the tax rolls of the Seabourn Cove Phase 11 rental properties bringing 146 'green" rental units to the district. The Boynton Beach CRA:s may request a copy by calling 561-737-3256. Mnancialsas of September 30, 2015 ASSETS& LIABILITIES Total Assets $35,705,473 Total Liabilities $20,539,905 collaborating on a housing development project in the Heart of Tax Increment Revenue $8,317,868 86.0% NNW es the American Dream of homeownership and will improve an Interest Revenue $43,597 0.5% ?ighborhood. Other Revenue $1.256,824 13.5% Total Revenues $9,618,289 100% :e development in the pipeline that Promises to help with the g a full-service downtown. Stay tuned for more good news! 99Xe1.w MW General Government $2,726,307 37% Capital Outlay & Redevelopment Projects $3,020,031 40% Debt Service -Annual $1,696,859 23% Total Expenditures $7,443,197 100% BOARD MEMBER BOARD MEMBER WAY Debt Servke - Annuvi, BOARD MEMBER # ♦ • • lover Marina OpenSpace Property . + Economic Development Boynton BeachBlvd. Parking Lot Construction 211 Renovation UpdatesTown Square Project CRA Plan Totalit -.Projects Cornerstone/TheDirect Incentive Fundina ("DIFAII) Payments represent contractual obligations for $ 1,240,000 major redevelopment projects: Casa Costa, Seabourn Cove, Walmart, 1. Model Block (in collaboration with City of Boynton Beach) $ 550!000 2. Community li i Innovations 2. Cottage District 3. District Appraisals,$ 900,000 Professional & Other Expenses - Design. Engineering, Surveys, ii ill: Legal, Site Work & Demolition, - Marketin• •.rams 142,000 Special Events $ 410,000 Community,r Economic= ••- & Workshopsiilis Business Incubator Promect50,000 652,000 Total '. • a Fund - FY 2015-2016 i,,.1,6 FY 15-16 927,107 FY 14-15 650,000 Proposed 300,410 Rollover + 251,713 Additional 200 ,000 Amount 200 ,000 Fundi .: 116,800 834,030 ,: 740,122 613,024 $ 314,083 400,000 $ 21 i 1 F 108,410 ii1 80,000 200,000 r 116,800 i , i Cornerstone/TheDirect Incentive Fundina ("DIFAII) Payments represent contractual obligations for $ 1,240,000 major redevelopment projects: Casa Costa, Seabourn Cove, Walmart, 1. Model Block (in collaboration with City of Boynton Beach) $ 550!000 2. Community li i Innovations 2. Cottage District 3. District Appraisals,$ 900,000 Professional & Other Expenses - Design. Engineering, Surveys, ii ill: Legal, Site Work & Demolition, - Marketin• •.rams 142,000 Special Events $ 410,000 Community,r Economic= ••- & Workshopsiilis Business Incubator Promect50,000 652,000 Total '. • a Fund - FY 2015-2016 i,,.1,6 $ 927,107 650,000 300,410 $ 251,713 200 ,000 200 ,000 116,800 i Cornerstone/TheDirect Incentive Fundina ("DIFAII) Payments represent contractual obligations for $ 1,240,000 major redevelopment projects: Casa Costa, Seabourn Cove, Walmart, 1. Model Block (in collaboration with City of Boynton Beach) $ 550!000 2. Community li i Innovations 2. Cottage District 3. District Appraisals,$ 900,000 Professional & Other Expenses - Design. Engineering, Surveys, ii ill: Legal, Site Work & Demolition, - Marketin• •.rams 142,000 Special Events $ 410,000 Community,r Economic= ••- & Workshopsiilis Business Incubator Promect50,000 652,000 Total '. • a Fund - FY 2015-2016 i,,.1,6 hat have the costsbeen for 1 ' past �oprofessional ai h'expenses 1esign, legah et al. Design & En• AppraisalsSurveys & Legal Site Work & Demolition Contingency Project Fund +: $150,000 $ 75,000 40,000 $100,000 50,000 100 $150,000 $150,000 $100,000 $100,000 11 F1i $200,000 $100,000 $ 75,00075,000 j17 m r! I HH -N- ON � EJ AOTIE'. Adminlstmtive Costs As a % of Genwal Fund 10% INNER ■ AOTIE'. Adminlstmtive Costs As a % of Genwal Fund 10% 402 IMPROVEMENTS $ 215,850 $ 340350 j 322:776 889.168 (262,028) -77% 404 CONSTRUCTION IN PROGRESS S 1,512,921 $1.327:921 $ 263 453 3 Z=5*6 $ 697,9" 53% 405 SITE WORK & DEMOLITION FEES $ 100,000 $ 100,000 $ 100000 S 10G.000 $ 256,393 406 INFRASTRUCTURE & STREETSCAPE $ 889,168 $ 11,0 ! $ "7,645 il)iiiW I S 34.497 5% Total T 07,963 ITL 'Z7W go 11, 350,874 4! XM.972 517-674 15% Board mto 10/13/15 - Marina Phase 11 - Harbormastar Building S 3D.000 Reallocated fromn FEC Corridor Landscape $ 93,775 Funding Sour 4011- -HASFS $ 790.024 $ 790,024 $ in.alio $ 837.285 3 If i 402 IMPROVEMENTS $ 215,850 $ 340,850 $ 322,776 $ 78,822 South Federal Highmmy S 165,850 $ 290,830 $ 290,85jo. 404 CONSTRUCTION IN PROGRESS $ 1.512,921 S 11.327.921 9 2;nAga Building & SlteHa) $ 376,304 $ 1191,304 $ 161,304 S 4--afffi-a --tffian pace Construction -&- Southern Drive Lane Repair and Resurface $ 700.000 $ 71o.1.11 -s -----s . F A W. !115 SITE WORK & DEMOLITION $ 100,000 $ 100,000 S 100,000 $ 416 INFRASTRUCTURE & STREETSCAPE- $ 889.168 S -115,503 S 487,645 $ Town 8 $ 500,000 Norm Federal mwpFffC-C-or-rrd0-r Landscape $ 132.775 $ 132,775 $ 39,000 model 151GER Ocean Avenue Lighting Project $ 256,393 $ 41%393 $ 416,393 $ Aotos: Increases due to property purchasea. Marina Open Space and Model Block, (BLIFtallover Ritallocatlogs fwm FY 2014- AmRunt of Rolk= Allocated to: Marl[M Open Space Prolect Approved at CRA Wayfiriffing Sign for Art District S 25,000 Board mto 10/13/15 - Marina Phase 11 - Harbormastar Building S 3D.000 Reallocated fromn FEC Corridor Landscape $ 93,775 Property Purchases Dewey Park $ 2.9B5 0 Walmart Grownfield $ 22,500 Sub -Total If -192,260 Marina Open Space Rollover FYi4-15 5 641,T70 Total 27 23�= 111 FLU Reduced frau $927,107 per CRA Smird mt9 10113/15 for $11A00 Rem EqL & $79,822 for N. Federal Signage landscaping Question 35. The Boynton Beach Community Redevelopment Agency launched a branding campaign and a tagline Catch Yburseff'in Boynton Beach balancing the City's fishing tradition with its new colorful friendly outlook to change the perception bowntown Boynton Beach. 00 IN-10MON! R Usitigg UTO;�UINVW W047305mil IM 41any TnEkue ass Is in I ne LIN mrh—ichjia�sc - I)cu Of the CRA's revitalization efforts. The campaign began with a focus on the Boynton Harbor Marina, the City's natural "gemlocated in the heart of the downtown district and identified as the eastern anchor of the City's downtown core and the only South county public marina. The "Catch A" theme was based on the City's historic element of being the first fishing village in Palm Beach County. gro broader vision of delivering anc mica ing value for the purpose of attracting new residents, visitors and businesses to downtown Boynton Beach. The perception of Downtown Boynton Beach was the main objective in this marketing/branding campaign. Revitalization efforts must work together with marketing efforts to build a community's image. The CRA received more inquiries from new businesses, reduction in leasable space and the businesses have responded favorably to the campaign. The perception is changing in our special events with a 100% turn around with more family oriented attendance. The City's rebirth is underway with a positive sense of Community. The campaign has promotional value that can be leveraged throughout the year such as: ThLVideo ad campaign Movies in the Park ricept of communication offers a positive impact by promoting the business located in the CRA district in a 2 minute video. The goal of this marketing eflort is to inforrn, entertain and promote downtown as a destination, increasing the number of visits to the area and creating a positive economic impact. The campaign filins 40 businesses a vm, * New Catch Boynton website The visual elements of the website capture the essence of the lifestyle of Downtown I.Loynton Beach with a colorful splash of water to represent the Boynton Harbor Marmiam CRA staff worked closely with Dg Communications to create this customized site to effectively promote Downtown Boynton Beach and the Boynton Harbor Marina on one central location to maximize viewership. This social media tool is user friendly allowin staff to manage and maintain their da bomocntmA The wesite ffers a clean dem design, easy to navigod ate fimetinality ana coontent rich site experience keeping residents, visitors and stakeholders informed of what's go' on in downtown Boynton Beach. Monthly double page spread ad in local newspaper and bi-monthlyfull page ad in Pineapple Newspaper A double page spread ad runs every month in the Boynton Forum showcasing the local businesses or special events to generate public awareness * Street Banner Project throughout the CRA District Street banners are designed to raise the visibility for travelers along the major streets, to mark a destination, and to add color to the City's streetscape. During the fiscal year, the CRA installed banners in various districts throughout the CRA to delineate a district or to celebrate a particular event. The banners include the name of the district to help identify and market the area along with decorative artwork that supports a messagm'V V 6. 22 �pSpecial Events ecial Events are marketed with printed collateral and digital display such as: poster, postcards, signage, highway billboards and digital ads. 0 Social Media Connecting withthe community through social media byusing platfDrms such as: Facebook, Instagram, Flickr, Word Press Blog site, Twitter and You Tube: increases tlic F-QQ alrd # i # #i # i# Acminik, a destination for cultural and entertainment activities. Marina Marketing Campaign- "Catch a Memory Your Family wil/Always Remember" Printed collateral and digital display such as: poster, postcards, signage, highway billboards and digital ads Coastal Angler Florida Cruising Directory Dozier's Waterway Guide Pineapple Newspaper fall page ad Boynton Forum double page ad Hotel Touch Screens & Maps Press Releases for special events, development projects and emerging businesses * Awards - Florida Festival & Events AssociatioT The Boynton Beach Community Redevelopment Agency received four SUNsational awards on August 6, 2015 at the 2 1 st Annual Florida Festival & Events Association convention and tradeshow held in Orland 7vwL&xj PVWIA)37IkIU3 the creativity, innovation and excellence of FFEA members from across the state of Florida. Nominations were acco2ted m'I rn'ne cigggi, giludijOr -0 oil WNW, n NO a OR W�rll ON " MIM �079 MMYrIT i-,rcr 1-7 7 1 es y la o S, printing companies, website designers, photographers, promotional marketing professionals and social media experts. a I" Place - Promotional Item - Boynton Beach Haunted Pirate Fest & Mermaid Splash Business Development Treasure Hunt and Treasure box Place - PR/Media Campaign - Boynton Beach Haunted Pirate Fest & Mermaid Splash online Marketing a 2nd Place - Radio ad - Boynton Beach Haunted Pirate Fest & Mermaid Splash 0 Yd Place - Outdoor Advertisement Boynton Beach Haunted Pirate Fest & Mermaid Splash street banners * Tourism - "Be Our Guest" Catch a Reservation Concierges VIP Tour The Tour showcased the local restaurants with a trolley ride throughout the district stopping at Hurricane Alley and FSB Menswear for a presentation of food and shopping. The next stop featured Cat Frankie's and The Fancy Flamingo promoting the diversity in Boynton Beach. The tour ended with a final stop at the Boynton Harbor Marina to highlight the Marina merchants with a walk down the docks and a rn OR 19.11 NI If ("W. in Boynton Beach is part of the overall strategic plan of the Hotel Concierges VIP Tour. Communication is an important part of the plan in order to shift the perception of downtown Boynton Beach. I As part of the CRA's increased marketing c5orts for Downtown Boynton Beach the City and CRA became Signature Partners of Discover the Palm. Beaches and have been working very closely with Discover the Pahn Beaches staff to highlight Boynton's many opportunities to tourists. President and CEO of Discover the Pahn Beaches, jorge Pesquera attended the Concierges event and spoke to the attendees about the happenings in the tourist industry for Pahn Beach County. included introducing programs Re the Hotel Concierges VIP Tour which recognizes tourism as an important driver of sustainable economic growth and job creation. Due to the success of attention to downtown businesses. Ouestio,r 68- Irar)VIkett-Tror The goal of the CRA is to encourage new businesses within the CRA and to assist with the expansion of existing businesses. To help with this goal, the CRA offers four incentive programs for small businesses and commercial property owners and is marketed through brochures and social media. Commercial Construction Project incentive program - Grant funding for projects valued between $1 and $249,999 will be reimbursed 2.3% of the project's construction value and projects valued between $250,000 and $400,000 will be will be reimbursed 3.3% of the project's construction value not to exceed $66,000 to help offset the cost of the City's permit fees. Commercial Facade Program - Grant fimding up to $25,000 to improve ths building exterior and site. * Commercial Interior Build -Out Assistance Program - Grant funding from $25,000 to $45,000 to help build out interior spaces. A larger amount of funding is earmarked for full-servicc restaurants. * Commercial Rent Reimbursement Program - Grant funding from $10,800 to $15,000 to help offset the rent for the critical first year of business. A larger amount of funding is earmarked fbr full-service restaurants. The CRA's Economic Development programs continue to be successful. A total of 21 gr Ant awards were made in 2015, T , CMmRIwW&wr -w g Z�rjt A; .evq —gi WJ1,-W44n=&TJ i - 1 1 the fiscal year with private funds in the amount of $1, 111,500 were invested in the CRA district by the business owners. 4. How did you HEAR ABOUT the Boynton each PirateFest/Mermaia 5plash e (Please select ALL THAT APPLY, EN TOUCH "CONTINUE") R,11�,� !iLd3W ndents: }21.0 I= NMI add up to more than 9 14 Restaurants/ Bars i • i The i Marina/ tin Activities Community Events/Festivals i _... __ ...�__ _.e_r.. _ i 0% 10 30% 0 50 70 i$ w 3� 71'A FZ1 T F 5 no w FA 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 61500 CONFERENCES, MEETINGS, 225 WORKSHOPS 8,750 $ 8,750 $ 5,000 $ -- 10,750 4i $ 250-- 2. Florida Redevelopment Assoc. (FRA) $ 7,000 $ 7,000 $ 5,000 $ 7,000 Sminess Development Board Lannija nf riti [Kill 2,000 ;��7 DELIVERY SERVICES $ 400 $ 400 $ 400 $ 400 200 NTRACTUALEXPENSES $ Soo $ 500 $ 500 $ 750 340 J -6= 00/1 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 0o $ 0 0/1 225 CONFERENCES, MEETINGS $ 8,750 $ 8,750 $ 5,000 $ 10,750 $ 2,000 230/i 227 DELIVERY SERVICES $ 400 $ 400 $ 400 $ 400 310 OFFICE SUPPLIES $ 500 $ 500 $ 750 $ 750 $ 250 50 G/c 340 CELLULAR PHONES $ 1,200 $ 1,200 $ 600 $ I,* $ - 00/0 Total $24,850 f-2-4,850 $20,750 - $ --21,106 '$2,250 9% 200 CONTRACTUALEXPENSES $ 7,500 $ 7,500 k:...$ $ 7,500 Minutes & City Staff Costs 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 61500 CONFERENCES, MEETINGS, 225 WORKSHOPS 8,750 $ 8,750 $ 5,000 $ -- 10,750 4i $ 250-- 2. Florida Redevelopment Assoc. (FRA) $ 7,000 $ 7,000 $ 5,000 $ 7,000 Sminess Development Board Lannija nf riti [Kill 2,000 ;��7 DELIVERY SERVICES $ 400 $ 400 $ 400 $ 400 310 OFFICE SUPPLIES $ Soo $ 500 $ 500 $ 750 340 CELLULAR PHONES $ 1,200 $ 1,200 $ 600 $ 1,200 Notes: Increase due to addition of FL Leaoue of Citfi w 225 COWF REN�W-EETINGS 8 irr5 9,320 S 3,00:i� 9,320 S 3,000 S 3,00D 3 '0'0 228 MEMBERSHIP DUES $ 5285 S 5a85 $ 9,320 S 6,285 S 7,800 5 $ SI2115 a M or 2Z? DELIVERY SERVICES S 750 S 75D S 750 750 $ 750 229 CAREER DEVELOPMENT3,200 Vision S WA S $ SAM S 10,900 0 goo 310 OFFICE SUPPLIES $ 2,51310 5 2,500 5 2,5W 0 6 3.000 315 340 P03TAGE CELLULAR PHONES S 2,5M S 2,500 $ 2,500 $ 2,50D 355 SUBSCRIPTIS ON S 1,980 $ 1,980 5 1,980 S 2,160 16 360 BOOKS & PUBLICATIONS $ 111 605 S 500 $ 605 Soo $ ODS S 030 400 EQUIPMENT COSTS t I - . $ 5W $ Goo 0% (1.520) -16% 0% 0% 7,7DO 241% 500 20% - 0% 191) 9% 25 4% 0% 0% W41-5 21% 51 IFY15-164brmerlysplitbetween 0 3%UUU departments) an-stilts'AM6 Dental --168 $ 08 21, 2,40 Vision S WA S am 5 S 1 A40 I -We & Long Term Disability $ $ 115 $ 1.078 115 $ its S is@ Retirement Benants; (457(b) & 401(a) plans) 3 $ 36,372 5 1.078 36,372 $ S 1,124 $ 37,522 8 1,4" 3% Merit FICATaxes Pool + Incremental Taxes # Retirement $ 13,913 $ 13,913 $ 1,4, 446S 44,522 17,141 $ 6.965 $ 6.965 S . SAM Ila TO ALLOWANCE $ 3,OW $ 3.000 $ S,000S 3,000 225 CONFERENCESIMEEnNGSrbVORKSHOPS $ San $ SAN $ 9,320 $ 7,80 Regional - Local Meetings & min am 1AW 1 50 11.50D 1,50 National Carfferance $ 2,5W 5 2,15W S 2,5W $ 2,500 State Conference FL League Of Cities (shared with City) $ 2,000 $ 2fi00 $ 2,000 $ 2.000 Mileage $ 2,000 S 2,000 $ 2,000 $ - $ 1,320 $ 1,320 $ 1,321; $ iADD 226 MEMBERSHIP DUES $ SAS S Sales 5,2W $ Im American Planning Association (APA) $ Florida Redevelolarmnt Association (FRA) 910 6 1,000 S 010 810 S 910 American IftstilutO OF Planners (MCP) 1,000 1,000S 1,000 Business Development Board (BD15) S 5W 5 500 ffi Soo S 500 Realtors Commercial Alliance S 1,000 $ 1,000 1,000 S 1,000 NAIOP Commercial ROW Estate Association $ 350 5 625 3 350 625 8 S 350 S 350 Chamber of Commerce 41 625 S 625 400 $ 400 S 400 S 400 227 DELIVERY SERVICES - --- - 750 S 750 S 750 229 CAREER DEVELOPMENT $ 3.200 $ Saga $ 9AM a J0,900 American Planning oc. ont. Prof. d.1, 4' 1'*Uu $ ZINO $ 3.000 Florida RedeVelopment Association (FRA) S 1,700 $ 1,700 S 3,900 S 6,100 Florida Festivals & Events $ $ S S 1,800 310 OFFICE SUPPLIES S -2.5W S 2,W0 $ 2,6110 $ 3,0W 315 POSTAGE $ 2,500 $ z, $ 2500 $ 2,5W 340 CELLULAR PHONES S 1 1.9811S 1AW S 2,100 355 SUBSCRIPTJONS 605 605 $ 605 $ sm Florld;Trand 5 250 250 V- 2-5-0 South Florida Businege, Journal S 130 130 $ 130 $ Downtown idea Exchange $ 225 6 225 S 225 $ 130 250 360 BOOKS & PUBLICATIONS S 5W $ 500 S W S Soo 400 ----------------------------------- a &; EQUIPMENT COSTS 6 2,000 S 2,400 $ 2,000 $ PnCrMSO due to 100% Of cost of Markefing/EvenWftslness Devi, Assistant & related ccmts plus benefit increases. FOffnedy salary and 8"OdaW costs split between departments. 0% (1.520) -16% 0% 0% 7,7DO 241% 500 20% - 0% 191) 9% 25 4% 0% 0% W41-5 21% 51 =1 ARME Increases due to poWble merit increases, Incremental taxes and Danedt Cost increases, FRA conference GFOA conference, and equipment costs rT related. Flfl2nce Specialist S 70,560 i 70 Benefits Health $ 21,166 S 21,16g $ 21.168 11. 21.600 Dental Vision 6 864 $ 364 5 864 960 Life & Long Tenn Disabift $ S 115 $ 998 S 11S $ Ogg $ 115 S 998 3 120 1,044 Retiremerpt Benefits (457 & 401(a) plans) $ 33467 $ 33A67 S 34,229 S 34,225 FICA TOX08 3% Mont Pool + Incremental Taxes + Retirement 6 6 12dW 5 12)M S 113,176 S 13,176 6,333 $ 6,333 $ - $ 6,367 CONTRACTUAL EXPENSES-riodda DapL of 200 Economic Opportunjil, $ 200 j 206 $ 200 $ 250 201 BANK FEES 8 1 S 1,000 $ 1,000 $ i'Doe 226 _. CONFERENCES, MEETINGS, WORKSHOPS $ 5,150 $ %M S 7, ,920 $ 10,5ora00 _ LQ; . I Meetings & Seminars 0 000 AD Mileage Financial Systems Conference (INCODE) $ S 900 $ 900 $ 720 $ 900 Florida Redevelopment Assodation (FRA) $ 3.000 5 . $ 3,000 $ 3,5oo $ 4A00 Budget Meeting $ 750 $ - $ 750 S 1,700 S 1,000 S 3,000 1,000 220 MEMBERSHIP DUES FE r3overnmen $ 22a 9 "n $ 820 $ 620 nance Governmant FEMnCs Officers Assoc. (GPOA) S320 4 380 6 620 300 300 SocidY for Human RGWUrCe Management S S $ 320 $ 320 200 $ 200 S 280 $ 200 227 DELIVERY SERVICES 500 6 500 229 CAREER DEVELOPMENT $ 3,000 S 3,000 5 2M0 I Rmn Finance Cardlication PrOgrams(Comisuing 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ 2,680 6 2,15110 340 CELLULAR PHONES $ 780 $ 780 111 1,440 $ 1,440 355 SUBSCRIPTIONS - Financial Reporting Agencies $ 1.100 $ 1,100 $ 1.200 $ 1,300 360 BOOKS & PUBLICATIONS $ 700 $ 700 S 700 $ 700 365 OFFICE PRINTING COSTS -Check SbDcktloggs $ 300 $ agg S 380 $ 300 400 EQUIPMENT COSTS S . $ $ III Im ARME Increases due to poWble merit increases, Incremental taxes and Danedt Cost increases, FRA conference GFOA conference, and equipment costs rT related. General Fund P I DEPARTMENT--- 01-51440 FY2014-MI5 ------ 9UMMAR -1, S MANY- Oro nal Budget Amen 9 Budget mr Estimate 1, ... n9a norDecr) - 160 PER I i ERVICES 136,538 136,538 37,193 a I mil t� Amou t % 225 CONFERENCES, MEETINGS 2,920 $ 2,820 $ 4 320 111 4,512 3% 226$ MEMBERSHIP DUES $ 1,800 $ 1,800 $ :000 $ S 2,000 71% 300 2Z7 229 DELIVERY SERVICES $ 300 $ 300 $ 300 $ 17% 0% 310 CAREER DEVELOPMENT OFFICE SUPPLIES S 4,200 $ 4,200 $ 4,200 4�3", $ - 100 2% 340 CELLULAR PHONES $ $ 1,500 900 $ $ 1,500 $ 1,500,4 1100, � $ ' 0% 353 SUBSCRIPTIONS $ goo $ gooBoo C $ 0% 350 BOOKS a PUBLICATIONS $ 300 $ $ 300 $ 1,560 NO," $ 1,700 100% 365 OFFICE PRINTING COSTS $ 3,500 $ 3,500 S $ 300 3,500 309'. $ - 0% Total 5 5, 7 3 $ 0% 6% OEL $137,193 141,0508.1'-AW.t�tD..t., 1' o P-ER 8 SERVICES IC E 95,000 95,000 valiz) a 93,325Be-leHe.1th ta 583 $ 10,583 $ 10,800D..l $ $ 480Vision Life & Long Term Disability $ $ 58 559 $ 58 $ as S so Retirement 86nefits (467 & 401(s) Plans) $ 19,000 $ $ 559 19,000 $ $ 559 $ IS'Ns $ 582 19,665 3% Merit FICA Taxes Pool t. Incremental Taxes * Retirement $ 7,268 $ 7,266 $ 7,571 $ 7,571 $ 3,638 $ 3,638 $ . $ 3,567 225 _ CONFERENCES, MEETINGS, WORKSHOPS S 2,820 $ 2,820 $ 4J20 $ RegonaT1--L3ealNIaeUnl;s&tjemInar5 $1,500 $ p p0 Mileage Economic Development Conftrences $ 1-32D $ 1,320 $ 1,320 $ 1,320 $ 1,000 $ I'm 226 MEMBERSHIP DUES $ Assoc.--- �ac. $ "Go 1,000 S $ "Boo -1,600 $ $ 1.900 $ -1.000$ 2.100 Realtors Association Of Palm Beaches $ Son 1.100 $ 800 $ goo $ 1,000 227 DELIVERY SERVICES $ 300 $ 300 $ 300 s 300 229 CAREER DEVELOPMENT $ 4,200 S 4,200 $ 4,200 $ 41300 Redeve4opment: Conflnum-g-2-5cation Florida Redevelopment Association (FRA) $ 2,500- $ - ,5j0--j-2.5o0 S 1.700 $ 1,700 $ 1,700 $ 1,800 310 OFFICESUPPLIES $ 1-500 $ 1,500 S 1,500 $ 1,500 340 CELLULAR PHONES $ 000 $ 900 S goo S goo 355 SUBSCRIPTIONS - LoopMet $ $ - - s 1,560 $ 1,700 350 BOOKS a PUBLICATIONS $ 300 $ 300 $ 300 $ 300 365 OFFICE PRINTING COSTS S 3,500 $ 3,500 $ 3,500 $ 3,500 AA i. Increase due to possible rnerft increase, Incremental taxe iR MARKETING & BUSINESS DEVELOPMENT 01-1574M i �L Iki IYI 171 '3 1I �I. • :. ! I :I h: I I I I I. i r•`. 11'3 11: Ill 1• . 11t Ila 1ti1 ,i i4 11 it 1 , 11 ;I- =9XJiqNz'3T- .1 Y' :1 IIII 111. 1: 1 1� 7 - - �- • - 111 IIA 117 i r r-• I I: 11{. 1 1 lYl I1f 11 I1: 11' .lis I 1' If II if 1l 1 1k 1y 1 -r • 1 1 l 1 1 f� 1 1 A. : i l A. '1l ill.. - . •. - . r� -.,. r Ili:. III. 111: :fll` r _ - • ; 1 e. I r 11e t11. 11:... Tj 1..... ,I t • h i k I I t 111. I1 i 1:1 I 5! I �41 AiAAL r AUI 111 _: 1m1 11 ;Fill' LJLQA�l. ,F General Fund I!i,, I1iI$147,000 V -K • ! 1I:i147,000 r 1 �:. 18,500 {f $ 18,500 00 18,5Marina Audit & Tax Compliance $ 15,00015,000 200 CONTRACTURAL -1-47,000 $ 147,000 117,000 $ 1 1,1 0% 201 LEGAL SERVICES $ 100,000 100,000 100 ,01)0 20,000 it 1fi:r I', 204 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 15,000 1151000 0% Financial Services $ 30,000 30,000 30,00030,000 ,F I!i,, I1iI$147,000 1I:i147,000 �:. 18,500 {f $ 18,500 00 18,5Marina Audit & Tax Compliance $ 15,00015,000 10,00016,000 Bond , _ ' ,liance & Bond Continuing $ 20,000 20,000 5,000 $ 20,000 Disclosure . Financial Services $ 30,000 30,000 30,00030,000 '`- Hosting & Related 15,00015,000 15,000 IIF: Website D- 15,000 iI 1 15,00015,000 Personnel 1 1 f 4. 20,000 20,000 it30,000 Economic Development - 3,500 $ 3,500 $ 3,500I! Record Retention/Document 10,000 10,000 201 LEGALSERVICES $100,000 fN 1!1 $100,000 Ii 100 ,000 204 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 15,000 $ 15,000 City HR/Payroll/Benefits ILA $ 14,500 $ 14,500 $ 14,500 $ 14,500 ,F J 2 3 4 5 6 7 8 9 10 11 i 2; 131 14 151. 16 17 18 19 20 U 2 3 1,141Q= SyATEw!JJfCAL BOYNTON BEACH AND THE BOYNTON BEACH COMMVNITY REDEVELOPMENT AGENCY TO PROVIDE HUMAN RESOURCES RELATED SERVICES TO THE CRA; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Interlocal Agreement permits the Boynton Beach Community Redevelopment Agency (CRA) to utilize the City's Human Resource services including participation in the annual enrollment for medical and related insurance policies, participating mg Commission of the City of Boynton Beach to approve the Inlerlocal Agreement between the City of Boynton Beach and Boynton Beach Community Redevelopment Agency permitting the CRA to utilize the City's Human Resources Department for Human Resource related services and payroll services. Section I Each Whereas clause set forth above is true and correct and Mffnm- S kCA%RES01Agrcvment6R98o - ILA with CRA (HR 5erylves)(2010) doc I 1 2 3 4 I V 12 13 14 15 6 7 18 19 5section 2. Ile City Commission of the City of Boynton Beach, Florida does hereby approve the Agreement between the City of Boynton Beach and the Boynton Beach Community Redevelopment Agency permitting the Boynton each Community Redevelopment Agency to utilize the City's Human Resources department for Human Resource related services and payroll services, a copy of said Agreement is attached hereto as Section 3. That this Resolution shall become effective immediately upon pas PASSED AND ADOPTED this _L7 day of August, 2010, 1 — William Oclove Commissioner — 111TERLOCAL AGREEMENT BETWEEN THE C11 THI.S AGREEMENT is made and entered into this — 4-44ay of W'.F � 2010, by and between the.BOYNTON BEACH CONfMbNTTY EMPOPMENT AGENCY ("CRA") and the CITY OF BOYNTON BEACH ("CITY") (collectively referred to as "the parties"). WITNESSETH WHEREAS, the CRA is a public Agency created pursuant to Florida Statutes Chgpter 163 Part III and has as ts trivosi the lievili -ne 1�WrTmillm �=]Iujpf 1 1 fop$-$ 14 WHEREAS, the parties hereto desire to enter into an Interlocal Agreement in order for the CITY to provide Human Resource Services to the CRA. NOW THEREFORE, in consideration of the mutual covenants and promises herein contained the parties hereby agree as follows - I - Term. The term of this Agreement shall be on a fiscal year basli; commencing on October 1, 2010 and ending on September 30, 2011, with autoinatif� renewals each year unless othemise terminated in writing by the pwlies at least 30 days before the termination date. 2, amme � (a) Benefits: (1) Utilize the existing City benefit plans and access to the Benefits Administrator for questions. ,"2) CRA share of benefit consultant, Willis of FL (1) Human Resources Administration including internal consulting and access to staff for personnel relatet questions by e-mail, phone, or scheduled appointment for A ay to 1ay H.R. related questions; (2) Recruitment including posting vacancies on the City's web site, advertising, applicant tracking, clerical testing, screening, of applicants, participation in the iDterview process, assistance with scoring candidates, background checks, scheduling pre-employment physicals (cost charged by vendor for advertising, background check and physicals to be paid by (3) New Hire orientation including assistance with payroll related paperwork, acknowledgement of receipt of policies, Workers Compensation presentation, a benefits overview and assistance with the completion of enrollment paperwork (4) Benefits including participation in City's health plans, the annual open enrollment, wellness initiative programs, attendance ' at City's wellness fairs, Commit2bFit presentations etc. (5) Organizational development/training, access to City -based training programs for CRA staff (a $50 fee per class will be charged, which is also charged to the departments for City employees who attend the classes); (6) Document imaging, records management of employee personnel files and responding to personnel related records requests, employment verifications; (7) Position control maintenance. 131l!1111XMM!:= (1) Initial Setup in H T E for CRA: (Setup pay codes, tables, accrual rates, direct deposit info, bank info, etc.) (2) Monthly Costs -processing payroll for 9 employees: (IRS tax payments, quarterly 941 RepoM Yearly W-2 processing) This assumes that the City will not need to have any programmi done to the existing payroll system, if so there may be addition, charge. This also assumes that all CRA employees are on direct depo and will receive their direct deposit paystubs by "online paystub service as the City is in transition phase to have employees receive their dire teposit form online versus paper copy, 3 V- 1=121IL UMNIZZIULtHEIGNEWilwans IMW�� Services outlined in 42(a): $ 1,965.60 Services in #2(b) (including personnel file management): • a) Setup/Prep of Personnel Files (one time charge) $ 2-50,00 • b) Monthly charge $500/month x 12= $6,000,00 !!'ayrall services outlined in #2(c) (payroll & leave managernent): * a) Setup of records (one time charge) $ 280.00 * b) Monthly charge $140 Estimated Total: 510,175.60 1912 City of Boynton Beach City Hall 100 E Boynton Beach Blvd. Boynton Beach, FL 33425 (561) 742-6275 5, Applicability of Sunshine Law. The parties hereto agree that the condu 'I of the affairs of the Human Resources Department shall be in accordance with Chapt 28601 1, Florida Statutes, governing the Sunshine Law and that the records of the lium, Resources Department shall be deemed Public Records pursuant to Chapter 119, Flori Statutes, and administered accordingly. 6. Governing Law. 'fhis Agreement shall be governed by and construed accordance with the laws of the State of Florida. i 7. Severability. If any provision of this Agreement or application thereof any person or situation shall to any extent be held invalid or unenforceable, the remaind I of this Agreement, and the application of such provisions to persons or situations oth than those as to which it shall have been held invalid or unenforceable shall not affected thereby, and shall continue in full force and effect, and be enforced to the fWle extent permitted by law. N E:tDatak979tems\901217�932®CRA_Human—Resources ILA.12010)(080310)KBdoc 8. Entire Agreement. This Agreement constitutes the entire understandi R f the parties and any previous agreements, whether wTitten or oral, are here superseded by this Agreement. This Agreement may be modified in accordance wi Paragraph I I below. I 9odification of Agreement. This Agreement may be modifiedup mutual consent of the parties only in writing. I 10. Binding Authorily. Each person signing this Agreement on behalf either party in idually warrants that he or she has full legal power to execute Agreement on behalf of the party for whom he or she is signing, and to bind and oblig such party with respect to all proons contained in this Agreement. 11. Disputes. In the event of any dispute arising among the parties with respect to the interpretation of the respective rights or- obligations provided for by this Agreement, the same shall be resolved by mediation with such mediation to be conducted behveen the City Attorney and the CRA Aftomey. If mediation is unsuccessK any and all legal actions necessary to enforce this Agreement will be conducted in Palm Beach County, Florida, No remedy herein conferred upon any party is intended to be exclusive of any other remedy, and each and every such remedy given hereunder or now or hereafter existing at law or in equity or by statute or otherwise. No single or partial exercise by any party of any right, power or remedy hereunder shall preclude any other or further exercise thereof. 12, Interpretation. This Agreement shall not be construed more strictly against one party than against the other merely by virtue of the fact that it may have been prepared by counsel of on of the parties. 13. Notices. Any and all notices required or permitted to be delivered pursuant to the terms of this Agreement shall be effective upon receipt, but in any event no later than three (3) business days after posting by U.S. Mail, certified or registered, postage prepaid or one (1) business day after deliver to an expedited courier service such as Federal Express to the addresses listed below. Any of the parties described herein may change their address by giving notice to all other parties set forth in this subsection, If the CITY., City of Boynton Beach 100 East Boynton Beach Boulev Boynton Beach, Florida 33425 Attn.,, Kurt Bressner, City Manag] With Copy to, James A, Chcrof, City Attorney 3099 East Commercial Boulevard Suite 200 Fort Lauderdale, Florida 33308 2 If the CRA: Boynton Beach Community Redevelopment Agen 915 S. Federal Highway Boynton Beach, Florida 33435 Attn.: Lisa A. Bright, Executive Director With Copy to: James A. Cherof, Board Attornn al 3099 East Commercial Boulcv Suite 200 Fort Lauderdale, FL 33308 14, Effective Date. This Agreement shall become effective on the date last signed by the parties. 0 Attested by - right, ExecutW'ttirector Date: / 1-7—ID CITY OF BOYNT rBEACH By: mayor Date: Attested by: R-U-ii-B"rens ner, City Manager P;kDmgk!)7%lteme�9Okl2l7k9321CRA Humeto Resources ILA (2010)(0803; 0)KBA3c 2. In the event the portion of the Prenum are taken so that LESSEE is ab to continue to opetate its business, but the opmflon of mwh business is reduced by rnema= swh Udm& then lhe Hem Rem aball be reduced proportionately by the sw2e percentage as squm footap of the Pmnises which have been taken by governmenW autbori4 bo= to totW equam footage of the Promises prior to such taking. I M-111"aw-11". WIN, b. For this pwt, the tenn "MuftdallY all of the Pfemiws" sW be deemed tD mean SUCh Portion of the PztzWw4, as when so desboy%A Would leave rw=mg a balaace of the Premim which due to the arnount of ama desftoyed or the location of the pad so destroyed in relsbOH to the put left undamaged would not allow the LESSEE to contmue, its busums Operatiow. Fes' ;. � }' `�� :1T "�, ;�1-'.,.� � � � a. The covenants, conditions and agreements conidned in flus Lease shaM bind and in= to the b=& of LESSOR and LESSEE and their respeefive heirs, s=essors, admitds�irs, relmsentativrs and permitted assigns. b.. This Lease wd the. performance. thereof sWI be governed, interpreted, construed and r%qftted by tk laws of the State of Florida. C. The ri� of the LESSOR under the tenns of this Lease sWl be cumulative, and failure on the pad of LESSOR to exmin p=gey any rights given under ffic tems of tbis Lease shaU ricA opmte to forfeit any of said nglits ncT shall the same be, demed a wwva of such tights. e- Ibis Lem shaU not be rworded in do Public Recor& Vus Lem is a pubhc rewd of the Bopiton Beach Community Redewippmem Ag=cy In the event LESSOR rcnft ffie propexty following termination by LESSEE, the LESSEE's obligafim to pay redwed rent shall end. 37, ALRY-ITEUL -WAIVEEL TFIE PAR11ES HERB -BY WAIVE «»© RIGHTTO A TRLkL BY JURY IN ANY ALMON BASED UPON OR ARISING OUT F./ R IN CONJUNCTION WrM TMS LEASE }©?«y Exe««»=\? 559pemnhbeupu,0Eens nd ppcbe udes tax. b. 1he Renewal Tem shall be on the same temis, covenants and conditions pmvided for In this Lease. except there shall be no privilege to extend the term of this Lease for any period of Um after the expunhon of the Renewal Term. The Base Rent for the Renewal Term shaU be Increased by 5% percent per annum. a. At 1=9 one hundmd aiglq (180) days i to the expimfion of the Pnor e tam, LESSEE shall no* LESSOR mi VMiting of its cleafion to exercise th to extmd 1he tem of dus Leaw d renewat tm7n; b. Upon the i - of the nofice of wwroise of this extension opfio4 the gIVmg Lem sW be deemed to be rcamed and the tmn thereof renewed for the period and upon the te= provided above withott the exemWon of Anther kme or instr�, IN WrrNESS WHEREOF, the parties have Qemm+set their hands aTid sealsth » and year fiat e vaitten. L70-0 mer. 22#f; IMIN orm *4222#2 $ :I 20 lk II it ±?#2«d:+± ??22 DW}?« *+ m +t ? m « *« =��M LES ««-wolk. LESSEE sbaR provide to LESSOR's GenaW ContrueW sealed an.bilachual plaw ready azo nitdng a§ m» the fDllovdng renovatiow to be completed at LESSEE's expmm: 11111q��Iqi q ;111 1� 1111111111 111!! 1111111111111111111111q�' 1111111 !11111 Meeting Minutes Community Redevelopment Agency Board i fly �rmh, FIL September 14,2010 Chair Rodriguez K - • public comment.He requestedconsidering RFP for promotional entedainnient services be added to New Business Item 1. A motion to amend the agenda was needed. Motion Mr. Orlove moved to approve. Mr. Holzman seconded the motion. The motion passed. •i E. Review R Approval • of - for 710N.d• • - • • House)—Tabled !' - This item was heard out of order by prior motion of the Board. Arthur D'Almolda. 105 E. Palmetto Park Road, Boca Raton, prepared a revised proposal which he distributed to the Board. A copy of the proposal is on file with - City Clerk's Office. Mr. D'Almeida gave a very lengthy review of each page of the proposal, The new proposal was a 10 -year lease with an option to cancel after six years with a penalty that was agreed on. b.. R per •• Common - and Maintenancer- R be $5.76 per R r♦ and the lease included an annual rent increase of 4%. The security deposit would Y. one f would build out the exteriorand interior. RedevelopmentAgencyl R • t.. $88,000.That amount to $73,000, which would be refunded to the Community Redevelopment Agency over the last three years of the lease. The lease would allow the Board to sublet partofthe space, D'Almelda compared lease to - offloelocationspreviously ! - rl He also indicated he owned other buildings in the area and he was interested in redeveloping them as well. The redevelopment would make a statement and establish a presence. His costs were as fight as they could be. The building would be an WrAror. U Meeting Minufts Community Redevelopment Agency Board Boynton Beach, FL September 14, 2010 but he offered it publicly to the Board- He explained he has an interest in other buildings in the area, Photographs of his plans to improve the buildings reflecting a caWlike common area were included in the proposal. Some of the buildings on-site would be extensively improved. Vice Chair Ross inquired if ft numbers were reviewed by legal and staff. Ms. Bright was asked for her thoughts on the proposal if information was missing. Ms. Bright thought # ! Attorney Cherof and Mr. D'Almeida he had indicated they would work on some items. The only questions th. # Board should consider was modelthe 3,500 square -foot of space was based on an HR plan that was a growth r she was notgrowth a#- second Rem _d to a pure cost effectivenessstandpoint.! -! while staffs officecurrent per ! foot,i 300 foot. This would double their rent. Other than that she thought A was a great deal and it was a great redevelopment project. They did budget for it. When asked if they would consider subleasing, Ms. Bright thought the front of the building could be used for a fledglingaftgallery. reviewedMs. Harris the Agency's -storagecosts.!! records be stored in a separate location from the office. She noted the storage facility was secure. , Chair Rodriguezrt' -# he thought the new locationopportunity to space.showcase the new Community Redevelopment Agency offiee and they were serious about redevelopment on the north and of Federal Highway. It also provided an opportunity for an art gallery, or business incubator in the additional .r a pure business r- opportunity to take a reviewedblighted and slummed area and redevelop it, Mr. Holzman agreed. Mr. D'Almeida announced his builder felt they could do the build -out within 90'. days after the permit, Mr. D'Almeida felt six -months was a better timeline. He emphasized the improvements were government -issue improvements, not fancy improvements. The project was a remodel. It was noted this was the first time staff theproposal. thoughtstaff shouldreit viewi> initially, it looked good, The only items changed from the original proposal were the d annual increase down to 4%. The CAM charges were reduced because the taxes went down to $5.7: per o# He would# the build -out ! 110They would reduce penalties at cancellation0E0 in years seven, i proportionately. . reduce Attorney rt ! sub paragraph --a; 45 days beforecancellation. Mr- D'Almeida commented he met with his banker and had m Beach,Meeting Minutes Community Redevelopment Agency Board ;.r financing in place but he had a provision that he had a 45 -day window to withdraw from the lease subject to obtaining the loan and it was based only on obtaining the financing. Mr. Orlove commented that was one of the reasons why he had requested the item be tabled. He also disclosed publicly that he met wtth the D'Almelda's to go over Mr. Orlove moved to approve the lease for 710 N. Federal Highway. Mr. Holzman seconded the motion. Mr. Ray thought it was only fair to have staff review the lease. He supported W -- lease but was uncomfortable making an on -the -spot decision. It was noted thz Board was discussing this for two meetings now. The Board was prepared at the last meeting to vote on the matter. He had doubts because of the cost and the way it was put together.Rodriguez attorney. Executive Director with the contract. Attorney• suggested they add an approvalbottom of the signaturesignature document for the Executive Director and an approval line for legal. The last person to sign would be the Chair. In this manner, all parties would signify via . the document. it was noted the matter was tabled at the lost meeting. 111110don Mr. Holzman moved to remove the lease agreement from the table. Mr. Hay seconded motion. Chair Rodriguez opened the floor to public comment. Brian Edwards, 629 NE 9th Avenue, commented twice. He expressed it was a great deal, and a great deal fbr the district, but not for the office. He felt very strongly the Magnusun House should remain as the first choice for the office. He thought they should fine individuals for allowing their properties to deteriorate to such poor condition and he suggested that topic be considered on a future agenda, He guaranteed if they checked the minutes, the conversation for the Magnusun House was the same as for the Holiday House. He compared the situation to owning a house for $800,000, they would not be looking for another house for'$700,000 that you would not own at the end of six to ten years. He thought there was much discussion during the budget about salaries and saving money, but now it was okay to spend the money when K Meeting Minutes Community Redevelopment Agency Board .BoyMon Beach, FIL September 14, 2010 they had a home already. It was tax dollars. He thought the Board had an obligation to determine how to develop the district; not to do it for everyone. He explained the reason the p6ces increased when the DAlmeida's researched the rents listed for the estabilshment the Community Redevelopment Agency had researched as potential locations for their office, was because they read about it in the paper. He thought some consideration should be given to that. He assertedthe staff#,.• 1havel..move right now. There being no further comments, the public comment was closed. There was a vote on the motion. The motion passed, 4-1 (Mr Hey dissenfing.) Chair Rodriguez clarified the Magnusun House conversation indicated an investment of $850,000 and another $800,000 to restore it for offices. X1. Legal, A. Establish Schedule for Transition of Current Board Members and AttorneyRecords B. Discussion and Action on Submitting the CRA to Jurisdiction of the Palm Beach County Ethics Commission and Authorizing Agreements R Effectuate that Intent Attorney Cherof explained there was no backup to this item. It was a continuation of a discussion held by the City Commission about entering into an agreement to tum over jurisdiction of ethics COMP12ints and review to the County Commission on Ethics. If that was moved forward on the City Comrrission Agenda and approval of an agreement was made, then the Community, Redevelopment Agency would need to decide if they wanted to join that agreement. If they wished to do so, the agreement between the City and County would be amended to include the Community Redevelopment Agency. It would be a tri -partied agreement with identical terms. The Board could approve it contingent on the City approving The agreement could beamended before goes tt - City Commission to show ft inclusion of the Community Redevelopment Agency as a signatory. A motion was required. Motion Mr. Hay so moved to enter the Community Redevelopment Agencys portion of it with the County and the City. Vice Chair Ross seconded the motion that unanimously passed. m CAPITAL OUTLAY lept. 58200 pi♦ # 41 Mir, M., I ir J1 M� RA $ 125,000 $ 125,000 $ 34,150 $ 2,315,190 $ 2,398,275 $ 1,788,559 $ 25,000 $ 200,000 $ 25,000 $ 213.195 S 285.195 S 226.802 U $ 25,000 $ 25,000 $ $ 25,000 J $ $ - $ - $ $ 25,000+$ $ 100,000 $ 100,000 $ 34,150 $ 290,850 $ [9[7#Iq94*tAi EA Marina - Phase 2 8; $1,600,000 $1,600,000 100% $ 215,850 173% $ (1,070,354) -45% (100,000) -50% $ 430,308 151% $ 25,000 $ 25,000 $ $ 25,000 J $ $ - $ - $ $ 25,000+$ $ 100,000 $ 100,000 $ 34,150 $ 290,850 $ [9[7#Iq94*tAi EA Marina - Phase 2 8; $1,600,000 $1,600,000 $1,223,696 $ 191,304 $ Marina - Open Space Construction & Southern Drive Lane Repair and 700,000 211 E. Ocean - Renovation Grant $ 186,795 $ 186,795 $ - $ 200,000 Dewey Park Stage & Light Enhancement $ - $ - $ - $ 25,000 Parking & Street Enhancement - NE 4th $ 528,395 $ 611,480 $ 564,863 $ 211,617 405 1 SnE WORK & DEMOUHON (b) $ 25,000 $ 200,000 $ 25,000 $ 1009000-1 406 1 1RUCTURE& STREETSC.4PE $ 213,195 $ 285,195 $ 228,802 $ 7'15-,503 Ocean Breeze West Housing Subsidy $ 6Q0_00$ 132,000 $ 132,000 $ TO $ 61,050 $ 61,050 $ 61,050 $ 166,335 $ North Federal Highway/FEC Corridor $ - $ - $ - $ 132,775 $ Landscape $ 92,145 $ 92,145 $ 35,752 $ 416,393 $ Tree Lighting PEoject - Ocean Avenue(c) (a) A portion of the total rollover of $1,047,024 from FY13-14 reallocated to other projects as follows: 1. North Federal Highway/FEC Corridor Landscape - $25,000 2. Parking - NE 4th Street - $90,000 3. Woman's Club Historic Grant Match - $2E,000 (b) Old High School demolition of $175,000 In FY13-14 reallocated to Town Square Project and $325,000 additional from FYI 4- 15 for a total or $500,000. (c) Line Item Reallocations - R15-02 - Budget Amendment #1 D reale Increase $185,000 - from Marina Phase 11 $125,000 - to Entry Signage north & south Federal $333,665 - from Town Square $160,000 - to Ocean Avenue Lighting Project $100,000 - from Cornerstone DIFA $506,950 - to Economic Development Grants IKE 25,000 $ - $ 25,000 65,850 $ 100,000 iced by $185,00" - I Amendment #11, 02 from: 375 3 191,304 $ - $ 700,000 186,795 $ 13,205 - $ 26,000 136,617 S 75,000 $ 100,000 W"'- et Amendment #1, 175,000 $ 325,000 50,000 $ 82,775 56,393 $, 200,000 -- -Y �PAVU,Uuu - Amendment #1, from $256,393 NIULEJ�� W2- 66-NTINGENCY 203 PROFESSIONAL SERVICES 207 RENT EXPENSE 213 LEGAL SERVICES $ 25,000 33% $ 255,600 50% 11,000 100% $ 75,000 $ 75,000 0% $ 291,600 40% $ \ 225,210 $803,000 Notes - Increase due primarily to addition of Cottage District Design/Engineeflng and increase in Surveys/Appraisals n design services for new projects and addition of funds to Boynton Beach Boulevard design project. Approved -at CRA Board Meeting 10/1312015 for Police base of operations on MLK Blvd. Reallocated from Property Purchases W 202 CONTINGENCY $ 75,000 $ 75,000 $ 75,000 $ loo,000 Rollover FY15-16 203 PROFESSIONAL SERVICES $511,610 $511,610 $286,400 $ 767,21(L Surveys & Appraisals $ 50,000 $ 50,000 $ 5000 $ -L Architectural Design Assistance -an $ 75,000 $ 75,000 $ 75,000 $ 150,0()F Al Updates - Federal Highway -1 Corridor & Downtown Master Plan $160,000 $160,000 $ 43,200 $ 116,800W Cottage District $ - $ - $ - $ MUM Boynton Beach Blvd. - Design $226,610 $226,610 $118,200 $ 300,410 $ 108,410 $192,000 207 RENT EXPENSE - Police Base on MLK $$ $ - $ 11,000 213 LEGAL SERVICES $150,000 $150,000 $125,000 $ 150,000 $ \ 225,210 $803,000 Notes - Increase due primarily to addition of Cottage District Design/Engineeflng and increase in Surveys/Appraisals n design services for new projects and addition of funds to Boynton Beach Boulevard design project. Approved -at CRA Board Meeting 10/1312015 for Police base of operations on MLK Blvd. Reallocated from Property Purchases W Ilk mLoN N wyB E Hr - RA I I �onsent Agenda IX I Old Business I I Now Business I I Legal I I Informatio�n:(=)nly SUBJECT.- Consideration for Lease between the CRA and DJV Development for 404 E. Martin Luther King, Jr- Blvd. Unft A in the amount of $12,000 for a Three Year Term. SUMMARY: At the September 8, 2015 ORA Board meeting, the Board approved entering into a lease with DJV Development for commercial space at 404 E. MarUn Luther King, Jr. Blvd. Unk C for use for the Community Policing Program. At the time the CRA was looking at the building, Unit A was not available because the owner was in lease negotiations wfth a potential tenant (Sao Aflachnant 1). However, when staff conducted a walk-through wfth the leasing agent for the property, staff was informed that the lease negotiations had ended on Unit A. Unit A is better suited fbr the Community Policing Program due to its existing layout and office styled improvements. As a previous restaurant, Unit C wifl need substantial work to make it usable for the Policing Program (See Attachment 2) and no bnger being recommended. The owner was asking $1,200 a month for Unit A but accepted the CRNs oft -r of $1,000 per month wilth a bass rent escalation of $100 per month upon each annual renewal of the lease, i.e. $1,000 per month in year 1; $1, 100 per month in year 2; and $1,200 per month in year 3 (See Attachment 3). Under the proposed lease Water, sewer and mal estate taxes are included in the monthly mnt. The lease has been reviewed by legal. FISCAL IMPACT: Year 1 of $12,000 budgeted in FY 15-16 line ftm 02-58200-401. C RA PLAN, PROGRAM OR PROJECT: Heart of Boynton Beach Community Redevelopment Plan Update RECOMMENDATIONS: Approve the execution of the lease for 404 E. MLK Blvd. Unit A between DJV Development and the CRA f6r a term of three years. — � l/I,;d rooks Executive Director wir Met2fln9MOckber 201MLease MLKA ATrACHMENT I ATTACHMENT 2 ROBERT B. BANTING, PRINIDuN'T PAUL H. SNO-KIN, READ Op SALITS Apprallsers oReattors 521 SOUTH OLIVE AVRNUF WEST PALM MACH, FLORIDA 33401-5907 wwwaWerwwarr.com Telephone (56)) 833-1661 Fax (561) 813-0Z4 -Augmt 7, l5 aza&# SAWOO S&W 191K7 Sharon Orcevic, Realtor Boynton Beach Realty Cdm-kL*1## I —PlItILIC 2203 Avenue X Brooklyn, NY 11235 W Mai, M7aLm 77 U MT 1177 4 7 Lesson DJV Development, LLC Lessee. Professional Use and/or assigns Property: 404 East Martin Luther King Boulevard, Unit #404, Boynton Beach, Fl. Unit size is approximately 1,000 Square feet. Lease Jlr'ke. $1,DO0/Month, plus Florida sales tax. Lease Term: Five (5) year base term with one (1) 5 years options to renew. Base rent escalations am 3% per yew. DqWsk Monies. Lessee shall pay First month rent Last rnonth rent and Security Deposit at Execution of Lease. Rent Commencement: Rent commencement date "I begin on November 1, 2015. The tenant shall receive one (1) inonth fi= rent/October 2015, 'ParkhIg. Street parking available, possibly some on-site in future. Access. Lessee shall be provided fall access to the Property, at their own risk during the Free Rent Period for the purpose of conducting all and necessary improvements to space. However, access shall be done during nonnal business hours, with reasonable notice. Intended Use: Lessee is leasing the subject property for future use as a Profession use. sknage., Signage is the sole responsibility of the Tenant and subject to owner's approval. City regulalions do apply. AMMMOM & CAM), AMC. 7 Boynton Beach Re )I Auggust 27i I 015 Page 2 of 3 Property Con"on: The Property is being leased in "AS -IS, WHERE -IS" condition, Brokers: Both parties agree that the only brokers involved in this transaction am Anderson & Carr, Inc. and Boynton Beach Realty who are acting as a Transaction Brokm and will be compensated by Landlord in a separatr document. The compensation is #%! the base rent fbr the initial term, 7YM0 Of Accepronw: The offer contained in this Lefter of Intent shall expire and be of no further force and effect should Landlord fail to accept by executing a copy of this Letter of Intent and returning it to Lessees representative, Paul Snitkin of Anderson & Carr, Inc., by the close of business at 5:00 p.m. EST, on S"mber 3, 2015. This letter constitutes a non-binding Letter of IntenL It sets forth our preliminary understanding of certain of the gdj1!jqaj terras a%&ill rdWr 0 6 ON =11 i the creation of any binding agreement or legal obligation between Lessor and Lessee. Excent as set forth in the ffillot-kru 13...5ET!-rnfliho c-A-urtnHal i -r t�rk sf 1016411114 IMIT7,11=1 TWO[ 4ait, 1RUIELITILW MAIJA 1111111VAILOT1 any outy to connnue neggoations to reach a writteir, definitive Lease or to negotiate in good faith. Either pmty may discontinue negotiations at any time for any reason. Should the terms of this Letter of Intent be acceptable, please have the approprim authorized indMdud](s) indicate acceptance by initiating each page, and affixing their signature below, at which point the Lessor shall proceed with the drafting of the Lease. ACKNOWLEDGED AND ACCEPTED (Lessor, DJV DevelopmeA Date: David Thause ACKNOWLEDGED AND ACCEPTED (Lessee, Professional Use. TBA): :+ TBA, Director Date COMMERCIAL LEASE, AGREEMENT THIS LEASE AGREEMENT is made and entered into on October 1, 2015, by and between DJV Development, LLC, whose address is 2203 -Avenue X Brooklyn, NY 117-35, (hrrcinafter referred to as "Landlord"), and Boynton Beach Community Redevelopment Agency, whose address isX710 North Federal I lighway, Boynton Beach, FL 33435, (hereinafter referred to as "Tenant"). ARTICLE I - GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be Performed and observed by the Tenant, does hereby lease to the r renant and the Tenant does hereby lease and take from the Landlord the property described as 404 E. Martin Luther v . Unit A (the "Le–a—sed —Premises"), together with, as pan of the parcel, all improvements located thereon. Section 1. Total Term of Lease. The term of this Lease shall begin on the. conimcneement date, October 1, 2015 as defined in Section 2 of this Article 11, and shall terminate on September 30, 2018, with one three year option to renew. Base rent escalations of $100.00 per month each anniversary year. Water and sewer are included in rental rate. One month free rent October 2015, Section 2. Comi-nenccjncnt Date, The "Commencement Date" shall be October 1, 2015, ARTICLE, III - EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension, The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from tirne to firne direct by notice to the Tenant, rent at the following rates and times: Section 1. Annual Rent. AnnUal rent for the term of the Lease shall be Twelve Thousand Dollars ($12,000.00). Section 2. Payment of Yeni-161 Rent. The annual rent sh&_2t installments of one -twelfth (1/12th) of the total yearly rent, which shall be #,; Thousana 00/100 ($1,000.00), on the first day of each and every calendar month during the term hereof, and prorate for the fractional ponion of any month, except that on the first day of the calendar month immediately following the Commencemwit Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. OZNWA11.7 page I of 19 Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. I Dig 1141gawl orgair-3 PIPE IM111M W 0 4 PFAU Wd; I'm IN' its) I I m I The Tenant has deposited with the Landlord the sum of One Thousand Dollars ($1,000.00) as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carr ied out all of its terms. In the event of a bona fide sale of the property of which the [eased premises are a part, the Landlord shall have the right to transfer the security to the 9 urchaser to be held under the terms of this I=e. and tke MR11001191IMMW Section 1. Personal Property Taxes. The Tenant shall be liable for all taxes levied afrAinst any leasehold interest of the Tenant or personal property and trade, fixtures owned or placed by the Tenant in the Leased Premises. Section 2. Florida State Sales Tax. The prevailing Florida State Sales Tax shall be applicable to the annual lease arriount and payable by the Tenant. U Mary ana cxtraordinary, attributable to or against the Leased Premises not later than twenty-one (21) days after the is on which the same becarne initially due. The Tenant may take the benefit of any law allowing assessments to be paid in' installments and in such event the Tenant shall only be liable for SUch installment,, of assessments due during the term hereof, Section 1. Improvements by TENANT. Tenant may have prepared plans and specifications for the construction of Exhibit "B" and incorporated herein by reference. Tenant shall obtain all certificates, permits, licenses and other authorizations of governmental bodies or authoritics which are necessary to perinit the construction of full force and effect at TertanVs cost. Tenant shall negotiate, let and supervise all contracts for the furnishing of services, labor, and materials for the construction of the improvements on the dernised premises at its cost. All such contracts shall require the contracting party to guarantee performance and all workmanship and 17ALWk1�1 S f 7 Tenant shall cause all contracts to be fully and completely performed in a good and workmanlike inanner, all to the effect that the improvements shall be fully and compbetely constructed and installeR in occordance with good engineering and construction practice. Page 2 of 19 During the course of construction, 'renant shall, at its cost, keep in &I force and effect a policy of builder's risk and liability insurance in a sum equal, from time to time, to three times the amount expended for construction of the improvements. All risk of loss or damage to the improvements during tha course of construction shall be on Tenant with the proceeds from insurance thereon payable to Landlord. Upon completion of construction, Tenant shall, at its cost, obtain an occupancy permit and a other permits or licenses necessary for the occupancy of the improvements and the operation of the sarne as set out herein and shall keep the same in force, Nothing herein shall alter the intent of the parties that Tenant shall be fully and completely responsible for all aspects pertaining to the construction or the improvements of the demiscd prernises and for the payment of all costs associated therewith, Landlord shall be under no duty to investigate or verify Tcnant's compliance with the provision herein. Moreover, neither Tenant nor any third party may construe the permission granted Tenant hereunder to create any responsibility on the part of the Landlord to pay for any improvements, alterations or repairs occasioned by the Tenant. The Tenant shall keep the property free and clear of all liens and, should the Tenant fail to do so, or to have any liens removed from the property within fourteen (14) days of notification to do so by the Landlord , in addition to all other rernedies available to the Landlord , the Tenant shall indemnify and hold the Landlord harmless for all costs and expenses, including attorney's fees, occasioned by the Landlord in having said lien removed from the property; and, such costs and expenses shall be billed to the, Tenant monthly and shall be payable by the Tenant with that month's regular monthly rental as additional reimbursable expenses to the Landlord by the Tenant, Section 2. 1 Itititics. Landlord shall pay for all water, sanitation, and sewer, Tenant shall pay for all electricity, light, beat, *as, power, fuel, janitorial, and other services incident to Tenant's use of the Leased Premises, whether or not the cost thereof be a charge or imposition against the Leased Premises. contrary, ana except for maintenance or replacement necessitated as the result of the act or ornission of sub lessees, licensees or contractors, the Landlord shall be required to repair only defects, deficiencies', deviations or thilums of materials or workmanship in the building. The Landlord shall keep the Leased Premises free of such defects, deficiencies, deviations or failures during the term of this Lease and any extension thereof, Section 2. TENANTS Repairs. The Tenant shall repair and maintain the Leased Premises in good order and condition, except For reasonable wear and tear, the repairs required of Landlord pursuant hereto, and maintenance or replacement necessitated as the rusult of the act orornisftm_ or negligence of tfw -Landlord. its employees, agents, or contractors. Section 3. Requirements of the Law. The Tenant agrees that if any federal, state or municipal government or any department or division thereof shall condemn the Leased Premises or any part (hereof as not in conformity with the laws and regulations relating to the construction thereof as of the commencement date with respcct to conditions latent or otherwise which existed on the GV"9449-2 /71 Page 3 of 19 Commencement Date, or, with respect to items which are the Landlord's duty to repair pijrsuant to Section I and 3 of this Artie] M department or division thereof, has ordered or required, or shall hereafter order or require, any alterations or repairs thereof or installations and repairs as may be necessary to comply with such laws, orders or requirements (the vaiidity of which the Tenant shall be entitled to contest); and if by reason of such laws, orders or the work done by the Landlord in connection therewith, the Tenant is deprived of the use of the Leased Premises, the rent shall be abated or adjusted, as the case may bc, in proportion to that time during which, and to that portion of the Leased Promises of which, the Tenant shali be deprived as a result thereof, and the Landlord shall be obligated to make such repairs, alterations or modifications at Landlord's expense. Page 4 of 9 Section 1. TENANTSs Covenants. Tenant covenants and agrees as follows: a. To procure any licenses and permits required for any use made of the Leased Premises by Tenant, andupon the ex�iration or termination of this Le se to rg&-rove its siodi ?trl a. • ' 01" 6 - tv Y10JU 1p peacW01; to EWUFord AleLcased itemises in good order, repair and condon in all resp ects; excepting only darnage by fire and casualty covered by Tenant's insurancz coverage, structural repairs (unless Tenant is obligated to make such repairs hereunder) and reasonable wear and tear; b, To permit Landlord and its agents to examine the Leased Premises at reasonable times and to show the Leased Premises to prospective purchasers of the Building and to provide Landlord, if nF t already available, with a set of keys ror the purpose of said examination, provided that Landlord shall not thereby unreasonably interfere with the conduct of TenanVs business; c. To permit Landlord to enter the Leased Premises to inspect such repairs, improvements, alterations or additions thereto as may be required under the provisions of this Lease. If, as a result of such repairs, improvements, alterations, or additions, Tenant is deprived of the use of the Leased Premises, the rent shall be abated or adjusted, as the ca.W may be, in proportion to that time during which, and to that portion of the Leased Promises of which, Tenant shall be deprived as a result thereof Section 1. Indemnify and Public Liabifity. The Tenant shall save Landlord harmless and indemnify Landlord from all injury, loss, claims or darnage to any person or property while on the Leased Premises, unless caused by the willful arts or omissions or gross negligence of Landlord, its employees, agents, licensees or contractors. Tenant shall maintain, with respect to the Leased Premises, public liabty insurance with limits of not less than one million dollars for injury or death frorn one accident and $250,000.00 property damage insurance, insuring Landlord and Tenant against inji�ry to persons or dal -nage to property on or about the Leased Premises. A copy of the policy or a certificate of insurance shall be deliverod to Landlord on or before the commencement date and no Such policy shall be, cancellable without ten (10) days prior written notice to Landlord. Section 1. Use. The Leased Premises may be occupied and used by Tenant for any law purpose in betterment of the community. I I'Men lit IFTM Mamm, lie 0 INODREC, or who shall use the property for any other ust,. ARTICLE X11 - SIGNAGE Page 5 of 19 Section f Signs, Tenant shali have the right, at its sole risk and expense and in cOnforMity with applicable Jaws and ordinances, to erect and thereafter, to repair or replace, if it shall so elect signs On any Portion of the Leased Premises, providing that Tenant shall rernovc Yny such signs upon termination of this lease, and repair all damage. occasioned thereby to the Leased Premises, Section 2. Interior Signs. Tenant shall have the right, at its sole risk and expense and in conformity with apF*licable laws and ordinances, to erect, maintain, place and install its usual and customary signs fixtures in the interior of the Leased Premises. Section I . Insurance Proceeds. In the event of any damage to or destruction of the Leased Premises, Tenant shall adjust the loss and settle all Claims with the insurance companies issuing such policies. The parties hereto do irrevocably assign the proceeds from such insurance policies for the purposes hereinafter stated to any institutional first mortgagee or to Landlord and Tenant jointly, if no institutional first mortgagee then holds an interest in the Uased Premises. All proceeds of said insurance shall be paid into a trust fund Linder the control of any institutional first mortgagee, or of Landlord and Tenant if no institutional first mortgagee then holds an interest in the Leased Premises, for repair, restoration, rebuilding or replacement, or any combination thereof, of the Leased Premises or of the improvements in the Leased Prerniscs. In case of such damage or destruction, Landlord shall be entitled to make withdrawals from such trust ftind, from time to time, upon presentation of - a. bills ror labor and materials rxpended in repair, restoration, rebuilding or replacement, or any combination thereof; b. Landlord's sworn statemcnt That such labor and materials for which payment is being made have been furnished or delivered on site; and c. the certiricate of a supervising architect (selected by Landlord and Tenant and approved by an institutional first mortgagee, if any, whose fees will be paid out of said insurance proceeds) certifying that the work being paid for has been completed in accordance, with the Plans and Specifications Previously approved by Landlord, Tenant and any institutional first mortgagee in a rjrst class, good and workmanlike manner and in accordance with all pertinent governmental requirements. Any insurance proceeds ill excess of such proceeds as shall be necessary for such repair, restoration, rebuilding, replacement or any combination thereof shall be the sole property of Landlord subject to any rights therein of Landlord's mortgagee, and if the proceeds necessary for such repair, restoration. o T or replacement, or any combination theref shall be inadequate to pay the cost thereof, Tenant shall suffer the dcficiency, Section 2. Subrogation, Landlord and Tenant hereby release each other, to the extent of thz� insurance coverage provided hereunder, from any and all liability or responsibility (to the other Or anyone claiming through or under the other by way of subrogation or otherwise) for any loss to or damage of property covered by the fire and extended coverage insurance policies insuring rw�u<�-J A Page 6 of 19 the Leased Premises and any of Tenant's property, even if such loss or damage shall have been caused by the fauh or negligence of the other party. Section 3. Contribution, Tenant s ' hall reimburse Landlord for all insurance premiums connected with or applicable to the Leased Premises for whatever insurance policy the Landlord, at its sole anF exclusive option, shoidd select. Section 1. Abatement or Adjustment of Rent. If the whole or any part of the Leased Premises shall be damaged or destroyed by fire or other casualty after the execution of this Lease and before the termination hereof, then in every case the re -rt y person to e any reduction of sums or p ceeds payable under any rent insurance policy. Section 2. Repairs and Restoration. Landlord agrees that in the event of the damage or destruction of the Leased Premises, Landlord ror(hwith shall proceed to repair, restore, replace or rebuild the Leased Premises (excluding Tenant's leasehold improvements), to substantially the condition in which the same were immediately prior to such damage or destruction. The Landlord thereafter shall diligently prosecute said work to completion without delay or interruption except for events beyond the reasonable control of Landlord. Notwithstanding the foregoing, ifLandlord does not either obtai-F, R_ buil sonding ninety (90) days written notice thereof to Landlord, or, iti the alternative, Tenant may, during said ninety (90) day period, apply for the same and Landlord shall cooperate with Tenant in Tenant's application. Notwithstanding the foregoing, if such damage or destruction shall occur during the last year of the term of this L"se, or during any renewal term, and shall amount to twenty-five (25%) percent or more of the replacement cost, (exrjusive of the land and foundations), this Lease, except as hereinafter provided in Section 3 of Article XV, may be terminated at the election of either Landlord orTeriant, provided that notice of such election shall be sent by (lie party so electing to the other within thirty (30) days after the occurrence of such dainage or fn. Upon termination, as aforesaid, by either party hereto, this Lease and the term thereof Shall cease and come to an end, any unearned rent or other charges paid in advance by Tenant shall be reffinded to Teriant, and the parties shall be reloased hereunder, each to the F ther, from all liability and ob.11gations hereunder thereafter arising. Section I - Total Taking, If, after the execution of this Lease and prior to the expiration of the term hereof, the whole of the Leased Premises shall be taken under power of eminent domain by any public, or private authority, or conveyed by Landlord to said authority in lieu Of such taking, then this Lease and the to hereof shall cease and terminate as of the datc, when possession of A z jr iW%449`2 /�' Page 7 of 19 the Leased Premises shall be taken by the taking authority and any unearned rent or other charges, if any, paid in advance, shall be refunded to Tenant. Section 2, Partial Taking. If. after the execution of this Lease and prior to the expiration of the term hereof, any public or private authority shall, under the power of eminent domain. take, or Landlord shall convey to said authority in lieu of such taking, property which results in a reduction by fifteen (11 55/o) percent or more of the area in the Leased Premises, or of a portion of the Leased Premises that substantially interrupts or substantially obstructs the conducting of R usiness on the Leased Premises; then Tenant may, at its election, terminate this Lease by giving Landlord notice of the exercise of Tenant's election within thirty (30) days after Tenant shall receive notice of such taking. Iii the event of termination by Tenant under the provisions of Section I of this Article XV, this Lease and the term hereof shall cease and ten-ninate as of the date when possession shall be taken by the appropriate authority of that portion of the Entire Property that results in one of the above (alkings, and any unearned rent or other charges, if any, paid in advance by Tenant shall be refunded to Tenant. Section 3. Restoration. In the event of a taking in rcspect of which Tenant shall not have the righ-, to elect to terminate this Lease or, having such right, shall not elect to terminate this Lease, this Lease and the term thereof shall continue in full force and effect and Landlord , at Landlord's sole cost and expense, forthwith shall restore the remaining portions of the Leased Premises, including any and all improvements made theretofore to an architectural whole in substantially the same condition that the some were in prior to such taking, A just proportion of the rent reserved herein and any other charges payable by Tenant hereunder, according to the nature and extent of the in until the completion of such restoration and thereafter the, rent and any other charges shall be reduced in proportion to the square footage of the Leased Premises remaining after such taking. Section 4. The Award. All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whcther such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, tile i'ee ill the Leased Premises, or otherwise. The Tenant hereR y assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal or fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tellant. • M ff EM I TFOIFMM *1 ARTICLE XVI - DEFAULT page a Of 19 Tenant shall on three or more, occasions be in default in the Payment of rent or other chaxgrs herein required to be paid by Tenant (default herein being defined as payment received by Landlord ten or more da sub'se uent to the b. Tenant has caused a lien to be fiW against the Landlord's property and said ljej, is not removed within thirty (30) days of recordation thereof, or c. Tenant shall default in the observance or performance of any of the covenants and agreements required to be perl'ormed and observed by Tenant hereunder for a period of thirty (30) days after notice to Tenant in writing of such defRUlt (or if such default shall reasonably take more than thirty (30) days to cure, Tonant shall 'lot have commenced the same witbin the thirty (30) days and diligently prosecuted the saline to completion); or d- Sixty (60) days have elapsed after the commencement of any proceeding by or against Tena whether by the filing of a petition or otherwise, seeking any reorganization, arrangeni ase 0 utu GOmPOsitiOn, readjustment. liquidation, dissolution or similar relief under the pr nt r f u Federal Bankruptcy Act or any other present or futwe applicable federal, state or other statute law, whereby such proceeding shall not have been dismissed (provided, however, that the, no dismissal of any such proceeding shall not be a default hereunder so long as all of Tenant covenants and obligations hereunder are being performed by or on behalf of Tenant); th Landlord shall be entitled to its election (unless Tenant shall cure such default prior to suc election), to exercise concurrently or successively, any one or more of the following rights: 1. Terminate this Lease by giving Tenant notice of termination, in which event this Lease sha expire and terminate on the date specified in such notice of termination, with the same force an effect as though the date so specified were the date, herein originally fixed as the termination d of the term DI'this Lease. and all rights of Tenant under this Lease and in and to tile Premise shall expire, and terminate, and Tenant shall remain liable for all obligations under thi 9 o Leas 1, arising up to the date ol'such termination, and Tenant shall surrender the Premises tLandlo • on the date specified ill SLIch notice; or ii. Terminate this Lease as provided herein and recover from Tenant ail damages Landlord may incur by reason of Tenant's default, including, without limitation, a suill which, at the date o of such terminutin, represents the then value of the excess, if any, of (a) the Minimum Rent, Percentage Rent, Taxes and all other sunas which would have been payable hereunder by Tenant for the period commencing with the day following the date of such termination and ending with the date herein before set for the expiration of the fi'll term hereby granted, over (b) the aggregate reasonable rentid value of the Premises for the same period, all of which excess sum shall be deemed immediately due and payable, or Without terminating this Lease, declare immediately due and payable all Minimum Rent, Taxes, and other rents and EMOLInts due and coming due under this Lease for the entire remaining term hereof, together with all other amounts previously due, at once; provided, however, that such payment shall not be deemed a penalty or liquidated damages but shall merely constitute payment in advance of rent for the remainder of said term, Upon making such payment, Tenant shall be entitled to receive rrom Landlord all rents received by Landlord from other assignees, tenants, and subtenailLs oil account of said Premises during the term of this OMS4492 A Page 9 of 19 Lease, provided that the monies towhich tenant shaltTtj",I�- w. the entire amount actually paid by Tenant to Landlord pursuant to the preceding sentence less all costs, expenses and tatorney's fees of Landlord incurred in connection with the reletting of the Premises; or v. Without liability to Tenant or any other paTly and without constituting a constructive or actual cviction, suspend or discontinLIC furnishing or rendering to Tenant any property, material, labor, Utilities or other service, whether Landlord is obligated w furnish or render the: sarne, so long as Tenant is in default under this Lease, or vi. Allow the Premises to remain unoccupied and collect rent from Tenantqs it comes due; or vii. Foreclose tjlv security interest described herein, including the immediate taking of possessi ofall property on or in the Premises; or e.. Landlord's pursuit of any remedy of remedies, including without limitation, any one Or more of the remedies stated herein shall not (1) constitute an election of remedies or preclude pursuit of any other remedy or remedies provided in this Lease or any other remedy or remedies provided by law or in equity, separately or concurrently or in any combination, or (2) sever as Page 10 of 19 the basis for any claim Or cOnst=tive eviction, or allow Tenant to withhold any payments under this Lease, Section 2. LANDLORD'S Self Help. If in the performance or observance of any agreement or condition in this Lease contained on its part to be performed or observed and shall not cure Such default within thirty (30) days after notice from Landlord specifying the default (or if such default shall reasonably take more than thirty (30) days to cure, shall diligently prosecuted the same to completion), Landlord May, at its option, without waiving any claim for damages for breach of agreement, at any time thereafter cure such default for the account of T.M-t.yR 1. —offfmFeV& M, "la I =17 incurred by Landlord in so doing shall be deemed paid or incurred for the account of Tenant and Tenant agrees to reimburse Landlord therefore and save Landlord han-niess therefi-om. Provided, however, that Landlord may cure any stich default as aforesaid prior to the expiration of said waiting period, without notice to Tenant if any emergency situation exists, or after notice to Tenant, if the curing of such default prior to the expiration of said waiting period is reasonably necessary to protect the Leased Premises or Landlord's interes ' t therein, or to prevent injury or damage to persons or property. If Tenant shall fail to reirnburse Landlord upon demand for ally amount paid for the account of Tenant hereunder, said arnount shall be added to and become due as a Part Of the next payment of rent due and shal I for a] I purposes be deemed and treated as rent hereunder. Section 3. TENANT'S Self Help. If Landlord shall default in the performance or observance of any agreement or condition in this Lease contained on its part to be performed or observed, and if Landlord shal I not cure such default within thirty (30) dthe ys after otice fro Ten t ci ying M n m an sp de f; erault (or, if such default shall reasonably take more than thirty (30) days to cure, and Landlord shall not have collimencod the same within the thirty (30) days and diligently prosecuted the sarne to completion), Tenant may, at its option, without waiving any claim for damages for breach of agreement, at ally time thereafter cure such default for the oull acc t f Landlord and any amount paid or any contrRctual liability incurred by Tenant in so doing 0 or the account of Landlord and Landlord shall reimburse Tenant deemed paid or incurred f shall be therefor and save Tenant harmless therefrom. Provided, however, that Tenant may cure any such default as aforesaid prior to the expiration of said waitingriod, without notice to d ord if . or after notice to Landlord, if the curing of such default prior to an emergency situation exists Pe Lan I the expiration of said waiting period is reasonably necessary to protect the Leased Premises or Tenant's interest thercill or to prevent injury or damage to persons or property. If Landlord shall fail to reirnbUrSe Tenant upon demand for any amount paid or liabty incurred for the account of Landlord hereunder, said amount or liability may be deducted by Tenant from the next or any succeeding payments of rent due hereunder; provided, however, that should said amount or the liability therefor be disputed by Landlord, Landlord may contest its liability or the amount thereof, through arbitration or through a declaratury judgment action and Landlord shall bear the cost of the riling fees therefore. Should Tenant be required to enforce the provisions of this 1-tase and prevail in any action in furtherance thereof it shall be entitled to the reimbursement of zlI costs.. expenses and attorney's fees associated with'said action. ARTICLE XVII - TITLE Section I. Subordination. Tenam shall, upon the request of Landlord in writing, subordinate this Lease to the fiell of any present or fluture institutional mortgage upon the Leased Premises irrespective of the time of execution or the time of recording or any such mortgage. Provided, Page 11 OrI9 DcTio ga•e a a e e however, that as a, condition to such subordination, the holder of any s h I rt g h 11 ntr first into a written agreement with Tenant in form suitable for recording to the effect that: a. in the event Of foreclosure of other action taken Linder the mortgage by the holder thereof, tk!k Lease and the rights of Tenant hereunder shall not be disturbed but shall continue in full force and effect so )Dng as Tenant shall not be in default hereunder, and b. such holder shall permit insurance proceeds and condemnation proceeds to be used for any restoration and repair required by the provisions of Articles X111, XIV or XV, rcspectively, Tenant agrees that if the mortgagee or angmt-erson claim tie interest of Landlord in this Lease, Tcnant will recognize said rnoilgagee or person as its Landlord under thc terms ofthis Lease, provided that said mortgagee or person for the period during which said mortgagee or person rcsPectivelY shall bc in possession of the Leased Premises and thereafter their respective successors in interest shall assunle all of the obligations of Landlord hereunder. The word "mortgage", as used herein includes mortgages, deeds of trust or other shmilar instruments, and modifications, and extensions thereoL The term "institutional mortgage" as used in this Article XVII means a mortgage securing a loan frorn a bank (commercial or savings) or trust company, insurance company or pension trust or any other lender institutional in nature and constituting a lien upon the Leased Premises, report covering the Leased Premises showing the condition Of title as of the date of su certifi&a1c, provided, however, that Landlord's obligation hereunder shall be limited to tj u furnishing of only one such title report, 6� Section 4. Licenses, It shall be tile Tenant's responsibility to obtain any ancl all necessary licens and the Landlord shall bear no responsibility therefor; the Tenalit shall promptly notify Land) 01. of the fact that it has obtained the necessary licenses in order to prevent anvl-m;-7-r mivakrl - - cornmencing construcGo—n—of the Leased Premises. "I ARTICLE XVIII - EXTENSIONS/WAIVERS/DISPUTES -Section 1. Extension Period. Any extension hereof shall be subject to the provisions of Arlicle 11' iiereof M Section 2. Holding Over. In the event that Tenant or anyone claiming under Tenant shall continue occupancy of the Leased Premises after the expiration of the term of this Lease or any renewal Or extension thereof without any agreement in writing between Landlord and Tenant with respect thereto, such occupancy shall not be deemed to extend or renew the term of the Lease, but such occupancy shall continue as a tenancy at will, from month to month, upon the covenants, provisions and conditions herein contained. The rental shall be the rental in effect during the term ol'this Lease as extended or renewedWrorated an.,*qTgMAMM-g occupancy. Section 3. Waivers. Failure Of either party to complain of any act or ornission on the part of the other party, 110 matter how long the same may continue, shall not be deemed to be a waiver by said party of any of its rights hereunder, No waiver by either party at any time, express or implied, of any breach of anw-aca vision of this Lear go M; 1" 1 ggi other provision of this Lease or a consent to any subsequent breach of the same or any other provision. If ally action by either party shall require the consent or approval of the other party, the other party's consent to or approval of such action on any one occasion shall not be deemed a consent to or approval of said action on any subsequent occasion or a consent to or approval of any other action on the same or any subsequent occasion. Any and al I rights and remedies which either party may have under this Lease or by operation of law, either at law or in equity, upon any breach, shall be distinct, separate and Cumulative and shall not be deemed inconsistent with each other, and no one of them, whether exercised by said party or not, shall be deemed to be an exclusion of any other; and any two or more or all of such rights and remedies may be exercised at tile same time. Section 4. Dispute-,. It is agreed that, if At any time At dispute shall arise as to any amount or sum of money to be paid by one party to the other under the provisions hereof, the party against whom the obligation to pay the money is asserted shall have the right to make payment "under protest" and such payment shall not be regarded as a voluntary payment and there. shall survive the right on the part of the said party to institute suit for the recovery of such sum. If it shall be adjudged that there was no legal obligation oil the part of said party to pay such sum or any part thereof, said party shall be entitled to recover such surn or so much thereof as it was not legally required to pay under the provisions of this Lease. Nat any time, a dispute shall arise between the parties hereto as to any work to be performed by either of them under the provisions hereof, the party against whom the obligation to peribrm the work is asserted may perform such work and pi,MF4-10-2 page 13 of"] 9 PagC 14 GF 19 Page 15 of 17 Nothing contained herein shall be deemed or construed by the parties hereto nor by any third party as creating the relationship of principal and agcnt or of partnership or of a joint venture between the parties hereto, it being understood and agreed that neither any provision contained herein, nor any acts of die parties hereto, shall be deemed to create any relationship between the parties hereto other than the relationship of Landlord and Tenant. Section 6. Brokerage. No party has acted as, by or through a broker in the effectuation of this Agreement, except as set out hereinafter. Scetion 7. Entire Agreement. This instrument contains the entire and only agreement between th% parties, and no oral statements or representations or prior written matter not contained in this instrument shall have any force and effect, This Lease shall not be modified in any way except by a writing executed by both parties. Section S. Governing Law. All matters pertaining to this agreement (including its interpretation, application, validity, performance and breach) in whatever jurisdiction action may be brought, shall be governed by, construed and enforced in accordance with the laws of the State of Florida. The parties herein waive trial by jury and agrec to submit to the personal jurisdiction and venue of a court of subject matter jurisdiction located in Palm Beach County, State of Florida. In the event that litigation results 11R)m or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevang party's reasonable attorney's fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the i revailin P. I art mu be entitled I A, wi ladi. iN JUMIM17571 ii nizu Friure, Man 71-tv jlltr NTOM]uunt to flle-axe-me- Section 9. Contractual Procedures. Unless specifically disallowed by law, should litigation arise heteunder, service of process therefor may be obtained through certified mail, return receipt requested; the parties hereto waiving any and all tights they may have to object to the method by which service was perfected. Section 10. Extraordinary rennedics. To the extent cognizable at law, the parties hereto, in th.�: event of breach and in addition to any and all other remedies available thereto, may obtain injunctive relief, regardlQss of whether the injured party can demonstrate that no adequate rernedy exists at law. Section 11. Reliance on Financia[ Statemeni. Teriant shall furnish concurrently with the execution of this lease, a financial sLaterricrit ofTenant prepared by an accountant. Tenant, both in corporatc capacity, if applicable, and individually, hereby represents and warrants that all the infon-nation contained therein is complete, true, and correct. Tenant understands that Landlord is relying upon the accuracy of the information contained therein. Should there be found to exist any inaccuracy within the financial statement which adversely affects Tenant's financial standing, or should Tenanfs financial circurnstances materially change, Landlord may demand, as additional Security, an amount equal to an additional two (2) months' rent, which additional smuriti-A shall be sub'ect to all terms and comiTksy"it4uA third party acceptable to Landlord, elect to tenninate this Lease, or hold Tenant personally and individually liable hereunder. /--� Page 16 of 19 IN WITNESS WHEREOF, LhQ parties hereto have executed this Lease the day and year first above written or have caused this Lease to be executed by their respective offlicers thereunto duly authorized, ME== DJV DEVELOPMENT, LLC 10 NIDLORD" Jqcicl� MA�frlj- !,k" " 1, C "S BOYNTON BEACH W ill lkjym- 6&1XqMUU-j 4&k'4)mj"6 awag MOM �1� Jerry Taylor, Chair Witness Page 17 of 19 The following described real propetty, together with all improvements thereon: which has a street address as follows? Page 18 of 19 ' ` , I 7' Irl SPECIRCATIONS 60558449..2 Page 19 MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY WORKSHOP HELD ON WEDNESDAY, MARCH 2, 2016, AT 6:00 P.M. IN CITY COMMISSION CHAMBERS, 100 E. BOYNTON BEACH BOULEVARD BOYNTON BEACH, FLORIDA 33435 PRESENT Joe Casello, Vice Chair Michael M. Fitzpatrick Call to Order Vivian Brooks, Executive Director Mike Rumpf, Planning and Zoning Director Hanna Matras, Senior Planner Vivian Brooks, Executive Director, Community Redevelopment Agency (CRA) opened the workshop at 6:00 p.m. and introduced the following:, Mike Simon, Assistant Director, CRA; Mike Rumpf, Planning and Zoning Director, City of Boynton Beach; Amanda Parker, Planner 11, City of Boynton Beach; Hanna Matras, Senior Planner, City of Boynton Beach; Anthea Gianniotes, Treasure Coast Regional Planning Council (TCRPC) City and CRA consultant; and Dana Little, with the TCRPC. The purpose of the workshop was to talk about the CRA Plan Consolidation Project. Ms. Brooks referenced a book containing all of the CRA plans and explained the CRA District encompassed 1,650 acres. The CRA plans dictate what can and cannot occur as to the form of development. Some areas had overlap and some areas did not have any planning. The purpose was to consolidate the plan and provide clarity to developers, residents, buyers and investors. They want to look at areas that did not yet have a plan and determine what kind of development is wanted so all would know what the vision was for these areas of the City. Ms. Gianniotes reviewed a PowerPoint and a map of the City. The CRA District was outlined which ran along the north and south City limits along the Federal Highway Corridor, to the Intracoastal, to the Heart of Boynton (HOB) and crossed 1-95 to the Industrial District. She surveyed the attendees by asking what best described the attendees' link to the City and learned 58% either live or live and work in Boynton Beach. The CRA met the Finding of Necessity in 1981 which determined the CRA could help attract redevelopment and improve infrastructure by leveraging public funds. As the tax base increased, a portion of the funds that would go to the County are redirected to the CRA District and overseen by a separate board. The funding is allocated based on the plans and Ms. Brooks and Mr. Simon oversee that effort. Meeting Minutes CRA Workshop Boynton Beach, Florida March 2, 2016 Official plans included the HOB, the Federal Highway Corridor Community Redevelopment Plan, the Ocean District Community Redevelopment Plan, and the Downtown Vision and Master Plan. Ms. Gianniotes noted there are some areas with overlap and some areas had no plans. The purpose of the workshop was to consolidate and update the plans. The HOB was included in the CRA District in 1988. A plan for that area was adopted in 2001 and was updated two years ago through public meetings. Seven neighborhoods were identified in the HOB area. In 2014, a plan was implemented to target six major projects. Some of these projects were the Model Block, MILK Boulevard east of Seacrest, establishing a neighborhood commercial area and the expansion of Sara Sims. The HOB is a residential area having a neighborhood scale infill effort. The Federal Highway Corridor Community Plan was instituted in 1983 to create a unique identity for the downtown that was pedestrian friendly, marine focused, oriented to the water, targeting mixed-use development with a hotel and convention space. In 1988, the district was expanded all the way to the north and south City boundaries. The last update was in 2006. The update clarified the entire community strip was not one type of development so it was divided into five different planning areas with recommendations for each segment. It advised a form -based approach to development be implemented with a lesser focus on density. Six projects that were specifically wanted included a convention style hotel in area three by Boynton Beach Boulevard, entry features when entering or exiting the City, public parking in the downtown, addressing issues with outdoor storage and improving pedestrian crossings in major areas of development. The Ocean District Community Redevelopment Plan focused between Seacrest to just west of Federal Highway that mainly had public uses on Ocean Avenue. The Plan was adopted in 2004 to sculpt an area on Boynton Beach Boulevard into a pedestrian friendly area with a plaza and tree -lined streets. There were two plans for the area: one which maintained the Old High School and the other did not. The Plan was revisited 10 years later for the Boynton Beach Town Square. The Downtown Vision and Master Plan was more comprehensive and it included the HOB and the Industrial District. The plan was the first to raise the issue if a Transit Oriented District (TOD) was appropriate next to the Florida East Coast Railroad and it favored a cultural campus studied in the Town Square and Ocean District Redevelopment Plan. It was the first Plan to envision Ocean Avenue as a cultural area. It also identified neighborhood centers would be attractive along MILK Boulevard and HOB, and Federal Highway should be more of a greenway moving forward. The CRA cannot move forward on anything that is not identified as important in the redevelopment plans. In the HOB, Seacrest Boulevard was improved with sidewalks, streetscapes and a median. There was a public investment of $29.1 million from the CRA and $14.5 million 2 Meeting Minutes CRA Workshop Boynton Beach, Florida March 2, 2016 from the City. Galaxy Elementary was improved through land swapping and improved facilities. A series of art installations occurred over time and significant and varied infill housing took place. The Sims Center had a new building, the Carolyn Sims Center, constructed making it a first class amenity. The beginning and ending boundaries of the City had signage The Marina on Federal Highway was improved by the CRA and a current effort would expand public access by the Promenade and open space areas in accordance with plan priorities. Parking improvements in the downtown core were made. Part of the effort is to attract private investment and establish a tax base to maintain the City. Over the last 15 years, 3,500 housing units were constructed in the CRA District and over 140,000 square feet of commercial, either retail or office, was added including Casa Costa, 500 Ocean and Marina Village which were higher density projects. The City Planning and CRA staff conducted a conditions analysis to determine current needs and looked at socio-economic trends, future land uses and zoning, evaluating current building conditions and the condition of infrastructure. A demographic analysis was done and the plans are online. Key findings showed 60% of homes in the CRA District were built prior to 1971, the median value of the homes in all categories were low, so despite all the new investment in the area, almost half of the taxable values of new townhomes was less than $100,000 warranting further study. Built inventory included cultural resources such as historical buildings and how the buildings are being used. The CRA District has a significant number of parks and the analysis identified the park locations, what type of park it was and its condition. It was noted the Barton Memorial Park picnic equipment was good, but the condition of Kids Kingdom, which is heavily used, was declining. Utility improvements were to determine where sidewalks end and where to establish links to other areas. Other efforts included evaluation of the State's TOD policies, and when commuter rail, which is currently on Tri -Rail, expands to the FEC rail lines. There are opportunities to maximize on service, which will bring a premium return on investment if implemented correctly. The State was aware of this and issued a guidebook for municipalities. Boynton Beach is better prepared than most other cities and had already put policies in place. Boynton Beach Boulevard was the main entrance to the City and Ms. Gianniotes reviewed the various districts. The first step to take is to define single districts that are not guided by more than one plan. There would be a Downtown District, Cultural District. Boynton Beach Boulevard, the HOB, the Industrial/Craft District, and Federal Highway north and south changed from four plans to six districts. The least amount of focus was in the Industrial/Craft District. There is a potential need to protect the district as there is not a lot of industrial space for local industry. Staff needs to know how to make the area thrive and make it attractive for industry and other 3 Meeting Minutes CRA Workshop Boynton Beach, Florida March 2, 2016 businesses. There is an emerging art scene there and a visual of Industrial Way was viewed which showed people parking on unimproved shoulders and there was nowhere to walk when Art Walks are held. The north end of Industrial Way has drainage, but other areas had less infrastructure and it transitioned directly to a residential neighborhood. Ms. Gianniotes surveyed the 43 attendees on the following questions: Is this type of transition between industrial and residential uses appropriate for this portion of the Industrial/Craft district: 78% said yes, 16% said no and 6% were not sure. Do you support the CRA taking a role for drainage, parking and sidewalks in the Industrial Craft District: 85% said yes, 6% said no and 9% were not sure. Regarding the emerging arts scene, do you support the CRA encouraging art uses in the Industrial/Craft District: 74% said yes, 12% said no and 14% were not sure. Boynton Beach Boulevard is the entry into the City from the Industrial District and there had not been much discussion regarding the western section of Boynton Beach Boulevard. Images of Boynton Beach Boulevard driving east into the City were viewed. If the area had one-story retail lining the street with improved landscaping and lighting, the question was posed if this was the proper direction for the western portion of Boynton Beach Boulevard (west of Seacrest looking east) and is the scale and type of redevelopment appropriate: 70% said yes, 17% said no and 13% were not sure. The area on the south side of Boynton Beach Boulevard, by NW First Street moves quickly to residential homes. The question was, how, as the district develops, do they improve the street, keeping in mind commercial business would be there. Visuals of the street showing a wall on the commercial side were viewed. Attendees were surveyed if the visuals were a desirable transition between commercial and residential uses : 78% said yes, 17% said no, and 6% were not sure. The area towards Seacrest by KFC on Boynton Beach Boulevard was viewed as to improving the streetscape on Boynton Beach Boulevard and the question posed if this type of streetscape was desirable for this portion of Boynton Beach Boulevard. It was noted this would involve the Department of Transportation: 80% said yes, 11 % said no, and 9% were not sure. The Town Square initiative was not a formal update, but it illustrated characteristics of both the Ocean District and the Downtown Master Plan which had buildings and trees lining the streets, establishing a pedestrian -friendly environment . Is the scale and type of redevelopment appropriate for this portion of Boynton Beach Boulevard starting with Seacrest and City Hall going towards the water: 55% said yes, 29% said no, and 16% were not sure. 12 Meeting Minutes CRA Workshop Boynton Beach, Florida March 2, 2016 In the HOB, there was one area on MILK looking east from Seacrest where the intersection is to be commercial, but the Downtown Master Plan and the HOB Plan discussed transitioning to multi -family along the street. Visuals of what the road could look like were viewed with two to three-story homes. The homes would be 45 feet in height. The question was asked if the scale and type of infill was appropriate: 72% said yes, 25% said no, and 3% were not sure. The Cultural District had much focus over the years as it linked to the Downtown and Town Square areas. Visuals of Ocean Avenue looking west were viewed outside of the cultural campus showing three and four-story buildings lining the street. Ms. Gianniotes asked if the scale and type of infill was appropriate: 24% said yes, 68% said no, and 8% were not sure. The Downtown area was the most historic part of the City and would have the most intense development, where the Transit Oriented Development was contemplated. The CRA would focus growth away from single-family neighborhoods and toward mixed-use districts and 4t" Street. There was concern that as development faces Federal Highway, it would back onto 4t" Street and there be design guidelines to ensure there is some type of buffer. When asked whether ensuring a superior environment on 4t" Street and Pence Park was important: 61 % said yes, 19% said no, and 18% were not sure. Federal Highway was the City's historic commercial corridor. There was significant redevelopment occurring since 2000 and over time, there had been fewer opportunities for development. Development will gravitate towards existing commercial properties which are becoming outdated and an analysis of where potential redevelopment would occur to ensure compatibility was needed. Ms. Gianniotes explained this was the first time the districts were presented to the public and the feedback will provide direction for the CRA and City. There will be a developer's forum in the future and they will have another public workshop to review and refine the information. In order for the document to become final, the CRA Advisory Board, CRA Board and the City Commission will have to adopt the document. A comment was made that some of the visuals in the presentation had a Key West feel, but other portions of other corridors were not in the same style. Ms. Brooks explained the visuals were a mock up to layover the street and it is only to show scale and not style. It was hoped that a style would continue throughout. Ms. Brooks explained they tried to institute an acceptable color palette for developers to use and adopt architectural styles, but they were unsuccessful incorporating it into the Code. Mike Wilson, 1224 Isle Court, commented while the CRA provided examples of streetscapes, attendees may have voted based on the style. He asked if there was anything going forward that could be discussed regarding a potential Guy Harvey project. Ms. Brooks explained the plans always included having a hotel in the 5 Meeting Minutes CRA Workshop Boynton Beach, Florida March 2, 2016 downtown. Staff reached out to developers and will continue to reach out, hoping for a response. Harry Woodworth, 685 NE 15th Place, appreciated the workshop, but noted they did not discuss height. He commented at a City Commission meeting he was told a developer could show up with what they want, but thought if they keep approving what they show up with regardless of height, the rules were not being followed. The City had a referendum for a height limit of four stories. He tried to reinstitute a referendum and was advised State law prohibits the referendum. Mr. Woodworth went on record that lower height is better, and thought greater heights might be appropriate for the central core, but not other areas. Audrey Gerger, 331 NW 1St Avenue, requested clarification about the Town Square as it related to the Old High School. She commented when the study was done, there was consideration of the existing amenities being replaced or not and an earlier study considered the same thing. She learned City Hall would be rebuilt in the campus. Barbara Ready, 329 SW 13th Avenue, was concerned about too much density. Those who live east of 95 in the Forest Park area have a concern about parking and parallel parking on Seacrest as her community likes green space. She sat on the Downtown Development Master Plan Steering Committee and was also concerned they were voting on the HOB, MLK and TOD District. There were no representatives from those areas present. She thought the CRA should ask the people who live in that neighborhood to vote. Latonya Johnson, 1820 New Palm Way, was impressed with the work and noted there were existing buildings on Federal Highway that were in terrible condition. She asked if the CRA helped. Ms. Brooks explained the CRA has grants for interior and exterior improvements, rent subsidies and permit fees. They let people know each year the funds are available and they fund the programs heavily. It requires a match, but while many people have availed themselves, others were not interested. Some buildings will either be torn down or rebuilt. Laura Williams, 1890 NE 2nd Court, thought something should be done in the HOB as the area is in bad shape. Most people in the HOB do not own anything and she thought the City should invest and clean up the area. Ms. Brooks agreed. No one else coming forward, Ms. Brooks thanked all for participating and concluded the workshop at 7:02 p.m. Catherine Cherry Minutes Specialist 030416 9 T011q mmmBEACH i '�CRA I Consent Agenda I X I Old BusinessIINew BusinessI ILegal I I Information ITEM:AGENDA XIII.A. SUBJECT: Update on Housing Trust Groups Revitalization Financing Application to Florida Housing Finance for MLK South Site SUMMARY: On October 14, 2015, the CRA entered into a Purchase anq Development Agreement (See Attached Agreement) with The Housing Group for the purchase and redevelopment of CRA - owned property on the south east side of Martin Luther King, Jr. Boulevard (See Attached Maps). The purchase price is $2,000,000. The appraised value of the CRA property is $575,000 (See Attached Appraisal). Housing Trust contracted with the adjacent private property owners to create a whole developable parcel. Housing Trust applied for 9% low-income housing tax credits from Florida Housing Trust Corporation. The Low Income Housing Tax Credit (LIHTC) program is designed to help developers create affordable housing throughout the nation. The program allocates tax credits that are then sold to institutional investors to raise the revenue to construct the development. The LIHTC program is a competitive process that requires a minimum score in order to submit. Then the projects are issued a lottery number. Only the projects with the best lottery numbers are eligible to receive tax credits. Tax credits cannot be used to pay for land. The MLK South project application scored high but did not receive a low enough lottery number thus disqualifying it from receiving tax credits. Due to the high cost of acquiring the adjacent private parcels, alternative financing scenarios would leave a substantial funding gap even if the CRA contributed its land for free. The CRA Boardcan opt to take the following actions: 1. Hold onto its land and attempt to acquire the adjacent parcels for eventual future development . Issue a Request for Qualifications and Proposals in June 2016 in preparation for the next round of tax credit applications. IMPACT:FISCAL None CRA PLAN, PROGRAM OR PROJECT: Heart yt unity Redevelopment Plan Update RECOMMENDATIONS: Direct staff to bring a Request for Qualifications and Proposals in June 2016 for the C 's property located on Martin Luther King, Jr. South. Vivian Brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 20115- 2016 Board Meetings\April 20161MLK South Update.docx I 111111�1�pl�Illlllll Fill III; iiiIIIIIIIil'iIllilIl!II I II'i I I I1!1'1IIII�l�:lIIIli I I I�I II I I I I I I , I 1! 1111 1 W to &nor. Scygon Bepah C=Mwky Rod1mgAupsaft Apm7 E=M&e Dhwkw. "viaa L %ocla 710 M. r4 t; 1*&uy Boymon Bcwh, Pkd& 33435 If to Pmh=w, uOusmire ra-UST (Raup. 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Aft 11 11.1 rill w e.Il 11! r I 1 1 1 M I R e 4!4/1, b;ll.k � 1 !� $Ill+.� 4� i 111"1 1 �'. 1 ,1 1 - 11 i'mll �{ !i f ♦��I ;i {)IIS 1 .e/ IM ..-1 f Y.IIi ' "+1 M +'i Mil{f.yll /11.74 II 117717M -Ii Ftlll1,If. I ,.S•♦ 1 11,01W 0 R At I ig., U.11 M%, I* I mv.Ttlo J 1.1 11714 ii LLY-7,21ty-791M �Rll ;,M-11-11 MI'm I lipillillilipliplill RUIT-ZR, /A/z /,I'S PAUW2 M"dam 66MOR-3 FX4LwdAWAffVdD6uc9WM" um ., is ;cid �� 1 i i• Yui ,::,i Rsg. COMM 2Bb IL Malb, 9ft k. :, e: ,tom M ON" +W 1 Ym: 4:- . Coo" Ra 206 L MW& UAW SW 'i t , tX a 4: 4ie! ffi'i al 1 GUM ' ar= S i Of IAI i 21 & 2. RAMMUMMUO 117 ME Mt, ul. t DR - Cuft Cbb As I' 1 v i Yi1 I , 1 kDa 4. hri.5 Cbb Eb& 141 NE ' ..Z. q' r r i Bk4b PS Cm* Ckb AM i�TA4s�A�' ®Ii ,r v '�' �°� ��, 4f �fr �£ �A, E ,d ���,����}�� f z, (�s I��� ���'! ,. �a A`.�,.i �i 0i. . . . . . . . IMMTt' :t '114,4tillo" , ;, 2. Section 2, "huVhM higg and_ "I be amended to replace the amount of 'Two Million Dollars ($2,000,000.00)" with ft amount -rwo Million Four Hundred Fifty Thousand Dollars ($2,450,000.00)", in &je 2zd end 79h line in MWh Section. 3. Seeflon. 4, "hffM&—OJ&L"' " be ddeW in its enfirdy and rephoW with the PhMW Me effictiVe daft of this Agreement NMI be December 9, 2015 (&e Mffective DoWT'. 4. Section 6, UKMC Pamt Lft X& Shall be amendmMs replace the date -November 5, 2015-1 in the Ph line ft date 'Tk*znber 17. 2015". 5. Section 7, -AQ2MfiW' shall be amended to replace the date -AUy 31, 2016- in the I" line with the is "June 30,20W. 6. Section 10.2, &Wl be amended to replace the words wrifle Commitot our'in dw 80and 0 line with the word "Allocatiod". 7. In dw event of any conflict between the tmms Ed provisions of this Amendment and the terms and provisions of the Agreernent, the term and provisions of this Amendment shall control. Any ceptalmed tam not defined in dus Amendment shall have t+ t, meaning as ad forth m t1e Agrmn:rtt JOE • 1.+,M It, 1 h{ i ' 1 [fl 11 ., !' ryt ='1 1 ,1C' •.�{, w a .,.; ;f .; 1 i � r 0 � r ■ Finkelstein r TEN INDIVIDUAL LOTS AS PART i ASSEMBLAGE LOCATED ON AND NORTHEAST 1 " AVENUE BOYNTONFLORIDA BROOKS,FOR VIVIAN EXECUTIVE DIRECTOR BOYNTON BEACH COMMUNITY AGENCY BY ROBERT B. BANTING, MAI,S CERT GEN RZ4 D ANDERSONGARY K. ORR CERT GEN RZ2335 WITH & CAIM INC. SOUTH521 WEST PALM BEACH, FLORIDA 33401 DATE OF INSPECTION: FEBRUARY 1,21 DATE OF REPORT: FEBRUARY 27,2015 DATE OF VALUE: FEBRUARY 16,2015 I .: 2150066.000 CLIENT REFERENCE. MARTIN LUTHER KING JR. BLVD.PARCELS 3, 6, 7, 8,12, ,15,16,17, Appraisers * Reiftors>>D>>>>>)>>)>>>>>)>)>N>>))>>DDD>>*>)>>)>>>>>>>>>>>N>>>>>>>>)>>>>>>>>> 521 South Olive Avenue West Palm Beach, Florida 33401-5907 www.andersoncarnwm Telephone (561) 833-1661 Fax (561) 833-0234 February 27, 2015 Vivian Brooks, Executive Director 710 North Federal Highway Boynton Beach, FL 33435 Dear Ms. Brooks: Pursuant to your request, we have personally appraised the real property being 10 individual lots as part of an assemblage for redevelopment. The subject property is located along East Martin Luther King Jr. Boulevard and Northeast 9th Avenue, Boynton Beach, FL, 33435. The purpose of this narrative appraisal is to estimate the market value of the fee simple estate of the subject property, as if part of a larger assemblage, as of February 16, 2015. The intended use of the report is to assist the client and intended user in establishing a selling price. This report has been prepared for no other purpose and for use by no other person or entity than for use by the client for the purpose stated herein. Any other use of this appraisal is considered a misuse and thus the appraisers will not be held responsible for any outcome associated with use by another entity or for another purpose. The subject property consists of 10 individual vacant lots. Three of the lots are adjoining and seven are adjoining but these two larger tracts are non-contiguous. At the clients request we are assuming the lots are part of an assemblage with several adjoining parcels forming a larger tract for redevelopment. The subject property is located in a key area of the CRA's Heart of Boynton redevelopment plan. Over the past 10 years or so the general area has experienced significant strides in neighborhood revitalization. The subject immediate area of North Seacrest Boulevard and Martin Luther King Jr. Boulevard is planned for near future mixed-use redevelopment. Just west of the subject a new Family Dollar is planned and the subject along with adjoining properties is planned for residential development. We have utilized the sales comparison approach to value, the most common method used for valuing properties such as the subject property. Vivian Brooks Page 2 February 27. 2015 -14-0-11a : � 11�111111111111 '% L 50" -ATNCT 11 1 '-L• -sly, 2mi r 'If rfC=IJ1.UF RMA7 defined in the report), as if assembled with adjoining properties, subject to the definitions, certificatio and limiting conditions set forth in the attached teport, as of February 16, 2015 was: MARKETVALUE: $575,000 The following presents our analysis and conclusions in a narrative appraisal report. This letter must remain attached to the report, which contains 59 pages plus related exhibits, in order for the value opinion set forth to be considered valid. Your attention is directed to the Assumptions and Urniting Conditions contained within this report. Respectfully submitted, :: . ......... ... ......... W4� Robert B. Banting, MAI, SRA Cert Gen RZ4 Gary K. Orr Cert Gen RZ2335 Martin Luther King Jr. Blvd. Land Parcels 3, 6, 7, 8, 12, 13, 15, 16, 17, & 20 A&C Job No.: 2150066.000 BOYN RA BEACC - ■ SUBJECT: Update on Related Urban Development Revitalization Financing Application to Florida Housing Finance for Ocean Breeze East Site SUMMARY: On October 5, 2015, the CRA entered into a Purchase and Development Agreement (See Attached Agreement) with RUDG, LLC for the purchase and redevelopment of a 4.5 +1- acre CRA -owned property known as Ocean Breeze East (See Attached Map). The purchase price is $2,000,000. The appraised value of the CRA property is $1,530,000 (See Attached Appraisal). RUDG applied for 9% low-income housing tax credits from Florida Housing Trust Corporation. The Low Income Housing Tax Credit (LIHTC) program is designed to help developers create affordable housing throughout the nation. The program allocates tax credits that are then sold to institutional investors to raise the revenue to construct the development. The LIHTC program is a competitive process that requires a minimum score in order to submit. Then the projects are issued a lottery number. Only the projects with the best lottery numbers are eligible to receive tax credits. Tax credits cannot be used to pay for land. The Ocean Breeze East project application scored high but did not receive a low enough lottery number thus disqualifying it from receiving tax credits. Alternative sources of financing the project still leave a substantial funding gap that would have been filled by tax credit equity. The CRA Board can opt to take the following actions: 1. Hold onto its land and wait for the area around the site to improve so that tax credits would not be needed to develop on the site (estimated at 3-8 years depending on the economy). 2. Issue a Request for Qualifications and Proposals in June 2016 in preparation for the next round of tax credit applications. d 6-W-1101111 ��[• nT PLAN,CRA ■,-•JECT: Heart of Boynton Community Redevelopment Plan Update RECOMMENDATIONS: Direct staff to bring a Request for Qualifications and Proposals in June 0,101-6 for the CRA's property known as Ocean Breeze East. i Vivian Brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board Meetings\April 20161ocean Breeze East.docx �' x� � fc M tf , # Numb Y :,q�♦ M�� +'� �E aj j� # r � l � i , :d,.t Y�l,` CIA f;a. . N n� * i i ,w , t ► .;�, i i; r M=►,c ,w ^t-, k ;M, �. y;Mv 7 , ll+:rtis'If r H f i F # # y, 11' 111 1111111!, 1111!,1111,11111 1&111111113:1111 111; I , F Lots 3 through 12 inclusive, in Block 1, Lots 1 and 2, in Block 1, LESS all that portion of Lots 1 and 2 lying West of the East right-of-way line for "Seacrest Boulevard" as shown on Road Plat Book 5, at Page 182 and less a 20 foot return curve area for road right-of-way, PALM BEACH COUNTRY CLUB ESTATES, according to the Plat thereof, as recorded in Plat Book 11, at Page 43, of the Public Records of Palm Beach County, Florida. f M! The South Half (51/2) of the East Half (E1/2) of Lot 2 of Subdivision of the West Half (W1/2) of the Southeast Quarter (SE1/4) of Section 21, Township 45 South, Range 43 East, LESS the South 125 feet thereof; Less parcels conveyed to the City of Boynton Beach by Official Records Book 852, Page 642 and LESS the right-of-way for "Seacrest Boulevard" as shown on Road Plat Book 5, at Page 182, according to the Plat thereof, as recorded in Plat Book 1, at Page 4, Public Records of Palm Beach County, Florida. 94461755 Y5 30364-1035 08544647-1 Page 15 of 15 F11�L41a'���Y11�:i1�I I f� Lots 3 through 12 inclusive, in Block 1, Lots 1 and 2, in Block 1, LESS all that portion of Lots 1 and 2 lying West of the East right-of-way line for "Seacrest Boulevard" as shown on Road Plat Book 5, at Page 182 and less a 20 foot return curve area for road right-of-way, PALM BEACH COUNTRY CLUB ESTATES, according to the Plat thereof, as recorded in Plat Book 11, at Page 43, of the Public Records of Palm Beach County, Florida. E�1 The South Half (S 112) of the East Half (E1/2) of Lot 2 of Subdivision of the West Half (WI/2) of the Southeast Quarter (SE1/4) of Section 21, Township 45 South, Range 43 East, LESS the South 125 feet thereof; Less parcels conveyed to the City of Boynton Beach by Official Records Book 852, Page 642 and LESS the right-of-way for "Seacrest Boulevard" as shown on Road Plat Book 5, at Page 182, according to the Plat thereof, as recorded in Plat Book 1, at Page 4, Public Records of Palm Beach County, Florida. #4461755 r5 30364-1035 00544647.1 MT AMENDMENT TO FRIURCHASE AND DEVELOPMENT AGREEMENY 46 This First Amendment to Purchase and Development Agreement (hereinafter Amendment") is made and entered into as of December 3, 2015, by and between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chanter 163, ga. A. RUDG, LLC (the ginal Purchaser") and Seller entered into that certain Purchase and Develooment Agreement A -W B. Original Purchaser assigned its right, title and interest in and to i to Purchaser pursuant to Assignment of Contract dated as of October 14. 2015. C. Purchaser and Seller desire to amend certain terms and conditions of the Contract, as more particularly described below. �K[111011215 I ii � 1101!� itill 11 0 iq�11@1111qiiji 1111111q� � I H731 ugg] IVA- 1-11 twN1141;j 81#144go) @J4jq44G •• MR I , Section 5(b) of the Contract is hereby modified to include State Apartment IncentA Loan ("SAIL") fands in addition to the LIHTC being applied for by Purchaser, so that Secti 5(b) of the Contract is hereby modified in its entirety to read as follows: I 2. Section 6 of the Contract is hereby modified to include the SAIL funds in the description of the applicable application period, so that Section 6 of the Contract is hereby modified in its entirety to read as follows: 6. NINE PERCENT (9%) TAX CREDIT AND SAIL APPLICATION PERIOD. Prior to the last date of the applicable Florida Housinp R submits an application for LIHTC's and SAIL funds that includes this Agreement, which is estimated to be not later than December 17, 2015 (the "Tax Credit Application Period"), the PURCHASER shall apply for an allocation of LIHTC's and SAIL funds from Florida Housing (the "Allocation"). 3. The first sentence of Section 7 of the Contract is hereby modified to read as follows: `IV JIM7 on Z, b -nM Credit Allocation Period"). 4. Section 8 of the Contract is hereby modified in its entirety, to read as follows: 8. CLOSING DATE. The Closingshall take place on the sooner to occur of (i) August 31, 2016, if Purchaser obtains an Allocation or (ii) if Purchaser fails to obtain an Allocation but nonetheless waives all conditions precedent regarding the Allocation and desires to proceed to Closing, then on the date which is ninety (90) days follwAring the expiration of the Tax Credit Allocation Period. 5. Terms which are capitalized but not defined herein shall have the meanings given to such terms in the Contract. Except as expressly set forth in this Amendment, the Contract is unmodified and remains in full force and effect, and is hereby ratified and confirmed by Purchaser and Seller. This Amendment may be executed in any number of counterparts, any one and all of which shall cojghnjC�; �-- 6 JA OW 1% A 13��M N IN WrrNESS WHEREOF, the Parties have executed this Amendment as of the dde ftr-wft fb-0, aTlvm. IL4A!IA,J:Jvi#) UNKMA.91N By. Flint C: T rh.;" itle- Chair A"roved as to form and legal sufficiency - CRA Attomey :f.'Ij 1:1,41 WA i1mutyl a .1714 =*Ip Iry It I RI 11-loyd kq I tol4 • APRIL 30, 2015 10 mol MIA BMW 9 .,.. May 7, 2015 Ms. Vivian Brooks ResidentialE: Appraisal of Real Property Multifamily • East - 00 N. Seacrest Florida (Appraiser - , I DTZ TW A 4 R As you requested, we made the necessary investigation and analysis to form an opinion of value for the above referenced real property. This report is an appraisal of the property. To assist Boynton Beach CRA in making business decisions regarding this property, this appraisal provides an estimate of market value for the fee simple interest in the subject real property in its "as is" condition. This report is written in APPRAISAL REPORT format, and supporting documentation concerning the data, reasoning, and analyses is retained in the appraisal file. This appraisal assignment and report have been prepared in accordance with requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) developed by the Appraisal Standards Board of the Appraisal Foundation, with the appraisal requirements of Title XI of the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), with the Interagency Appraisal and Evaluation Guidelines of 2010, with the Appraisal Institute's Code of Professional Ethics and Standards of Professional Appraisal Practice, and with requirements of the State of Florida for state -certified general real estate appraisers. The subject consists of two contiguous parcels located at the southeast corner of N. Seacrest Boulevard and NE 7th Avenue, north of Boynton Beach Boulevard within the City Limits of Boynton Beach, Palm Beach County, Florida. The subject parcels are rectangular -shaped vacant parcels with a total of 191,382 square feet (SF) or 4.39 acres. The northern portion of the site is subdivided into 12 lots and the southern portion of the site has not been subdivided. The owner has plans to file a request to have the current zoned density of 10.8 unit per acre increased to 40.0 units per acre, after which the owner plans to sell the property to a developer. The site is zoned for single- and multiple -family development. 561-998-9326, FAX 561-241-4759 Ms. Vivian Brooks May 7, 2015 The subject's zoning district currently permits the development of 10.8 dwelling units (DU) per acre, or 47 units. The client requested we provide an estimate of market value as if the subject's zoning permitted 40.0 DU per acre. We have appraised the subject property under the hyr)otheticai condition that the subject can be developed with 40.0 DU per acre, or a total of 176 units. According to the City of Boynton Beach Utilities Department, the water and sewer capacity appear to be adequate for 40.0 DU per acre but the adequacy would depend on the type of development to be determined by a potential developer. We make the extraordinary_ assumption the water and sewer capacity are adequate to support the development of 40.0 DU per acre. After careful and thorough investigation and analysis, we estimate market value for the fee simple interest in the subject real property in its "as is" condition, subject to assumptions and contingent and limiting conditions as well as any extraordinary assumptions and hypothetical conditions, as explained in this report, as of April 30, 2015, is: ONE MILLION FIVE HUNDRED THIRTY THOUSAND DOLLARS ($1,530,000) Aucamp Dellenback & Whitney has performed services concerning this property during the past three years. We appraised this property in April 2014. Thank you for this opportunity to assist in meeting your appraisal needs. Respectfully submitted, Douglas- -� -NArK��� I. TJ I WT File#15-0589 r^ I .BOARD MEETING OF: t Aprili •,, Consent Agenda I X I Old Business I I New Business I I Legal Information Only Other AGENDA ITEM: XIII. C. SUBJECT: CRA Project Update: Boynton Harbor Marina, Marina Open Space Project SUMMARY: In March 2006, the CRA purchased the marina slips and adjacent upland property from DSS Properties for the purpose of preserving the public's access to the waterfront as well as the preservation of the existing marine businesses occupying the marina slips. In April 2010, the CRA completed the Boynton Harbor Marina Slip Reconstruction project consisting of a maintenance dredge of the marina basin, construction of a new fixed frame dock system, pilings and utilities. The Marina Open Space Project is the final phase of the Marina Redevelopment Plan and on August 13, 2015, CRA staff issued a Request for Proposal (RFP) for the demolition of the CRA owned vacant two story marina building located at 700 Casa Loma Boulevard. At the September 8, 2015 CRA Board meeting, The BG Group, LLC., was selected by the Board as the general contracting firm for the demolition project which was completed on November 17, 2015, as the initial phase of the Marina Open Space Project (see Attachment 1). As part of the geotechnical analysis into the conditions surrounding the subsidence of the marina slip drive isle, it was necessary to have the existing condition of the storm water drainage system (exfiltration trench) and subsurface soil evaluated or exposed. The exfiltration trench was vacuumed to remove soils and water then video scanned by Shenandoah Construction, Inc. on December 16, 2015. Fortunately, the video did not reveal any large or unusual breaks in the drainage piping that might be explained as the single cause of the roadway settlement. Rosso Site Development, Inc. performed the exploratory roadway trenching on January 17, 2016 which provided the CRA's project design engineers from VHB, Inc. and the geotechnical engineers from RACE, Inc. with informational data as to the existing conditions behind the seawall as well as the subsurface areas around the storm water inlets and marina boardwalk. VHB's engineers will use this research data to assist them with the enhanced design of the vertical support systems for the new boardwalk and new seat wall as well as the roadway renovation project. Construction plan revisions were submitted to the City on April 6, 2016. It is anticipated that an Invitation to Bid for the Marina Open Space project would be released in late April 2016 and the project's construction phase would begin in July 2016. FISCAL IMPACT: $24,950 to The BG Group, LLC, $5,000 to Shenandoah Construction, Inc. and $4,490 to Rosso Site Development Inc. from FY 2015-2016 Budget Line Item #02-58200- 404. CRA PLAN, PROGRAM OR PROJECT: Boynton Beach Community Redevelopment Plan, Downtown Vision and Master Plan, Boynton Harbor Marina Redevelopment Plan ECOM E DATIO WOPTIO S: NIA Michael Simon, Assistant Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161CRA Project Update - Marina Open Space.docx i N. m Km W A a as 11, All r Slip Reconstruction Project - Before • • � • Harbor Dock 1 After cost ;0 %ori M nsent Agenda I X I Old Business Now Business Legal Information Only F-ITC1 :11 \,M1— lJ mm"I SUBJECT: Status Update on the Cottage District Redevelopment Project SUMMARY: The CRA has assembled the majority of a block within the Heart of Boynton between N.E. 4th Avenue and N.E. 51h Avenue. The reason for the assembly is the plat layout of the block does not allow for development of the internal parcel of land and the majority of the structures on the block were in very poor condition (See Attached Map). The CRA has acquired 16 separate parcels dating from 2007 to May 2015 for a total of $3,116,500 (See Attached Property List). The majority of the funding for the purchases came revenue from Bond Two. The Cottage District project is outlined in the Updated Heart of Boynton Community Redevelopment Pian (See Attached Pages from the HOB Plan). The purpose of a cottage district form of development is to create new 'pocket neighborhood' communities under innovative land use strategies as 'models' for new single family housing choice, that foster sustainability and environmental stewardship without sacrificing good design. High-quality homes and sensitive site design can result in special and cherished communities. An example of cottage district development form is attached. Currently, the CRA attorney is making sure that the survey and title for its property is correct and clear so that a Request for Developer Qualifications and Proposals can be issued in the late summer for the redevelopment of the CRA property. The CRA will be seeking proposals from qualified developers with creative ideas of how best to optimize the property to attract medium income buyers. Proposals will be judged on creatively using the CRA's land (plat layout), the ability to obtain as many of the three non - owner occupied properties remaining on the block, home design and public improvements such as sidewalks, lighting and landscaping. FISCAL IMPACT: The CRA has budgeted $100,000 in FY 15-16 for this project. The funds will be used for a master survey and soil samples in preparation for a Request for Qualifications and Proposals. PROJECT:CRA PLAN, PROGRAM OR Heart of Boynton Community Redevelopment Plan TAAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by MeetinglCRA Board\FY 2015 - 2016 Board Meetings\Apol 20161Cottage District.docx ry I PLAN UPDATE lma ==. ARE= WWORM City of Boynton Beach April 2014 q AEART OF BOYNTON 2013 MASTER PLAN 1. Model Block 3. Ocean Bree7e Fast Mixed Use Development 5. Sam Sims Park Expansion 2. MLK Commercial Center 4. Cottage District Infill Development 6. (kcan Breeze West Residential Development : . : \\ /\\ W - &T C?A HOB MAJOR PROJECTS LOCATION It I � V, u 01 H 0 1 N 10 - 201; %1 A qi, 1 1 K PI A4 nl 4a" 0 "60 k"Z 01 4 I Mreml Mail A Is I 4. COTTAGE DISTRICT INFILL DEVELOPMENT Ilne proposed' Cottage District is projected for the block between NE 4"h and 5'' Avenues. The CRA purchased a large portion of this block to correct platting deficiencies and to improve the quality of the housing stock. The CRA would propose infill housing and a centrally located park available to residents of the development. The architectural style should be consistent with surrounding historic structures. The CRA plans to recommend that a RFP for a developer be issued in the spring of 2014. III AR ill 6411 'N 4", 2hl i'; 4A': ; i R ' I ;, N "W"", 111 0 7 Er Agenda Information Only I AGENDA ITEM: XIII.E. SUBJECT: Status Update on the Model Block Project SUMMARY: The Model Block Project is a joint effort between the City and the CRA to redevelop the block located between Martin Luther King, Jr. Blvd. and N.W. 1 Vh Avenue. The Model Block Project is included in the Heart of Boynton CRA Plan (See Attached Section of Plan). The goal of the project is to stabilize the block and increase the homeownership rate in the Heart of Boynton. The block has been renamed Poinciana Gardens. Improvements include a new bus shelter, new streetscape elements, the construction of two single-family for -sale homes with four more in the pipeline, the extension of N.W. 11t" through to N.W. 1" Street to alleviate traffic backups from Poinciana Elementary. Eventually, the City and CRA hope to construct a total of 14 new homes on the block depending on the ability to obtain additional vacant lots (See Aerial with Property Ownership). FISCAL I PACT: The CRA has budgeted $550,000 from FY 15116 budget for this project. PROJECT:CRA PLAN, PROGRAM OR Heart of Boynton Community Redevelopment Plan Update Update only. 2ViVianL.4Broks Executive Director T:%AGENDAS, CONSENT AGENDAS, MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2015 - 2016 Board Meetings\April 20161Model Block.docx iffits.1lulf fluilli[S-1 A � � R 1� FA =9111,11 .1 11 , 111JRV�'I MARA 1. HOB MODEL BLOCK STREETSCAPE CRA PROPERTIES 1-1204 NW O-School Ooatd Propetty to be transferred to City 2-Weeks lot to be transferred to Habitat 3-137 W MLK Fitzpatrick lot to be transferred to Habitat 4-Sack portion of White Rose douse, LLC to be transferred to City 5-117 W MI-K Carrington 6-246 NW I:V Ave - Hargrove CITY PROPERTIES PRIVATE PROPERTIES 1-131 NW 11a'AVe Bishop Evans 2-128 NW IP Ave.-Willie Collins Est- 3-132 W MLK-Jenkins 4-129 W ZVI T" VT SIMM \ .� �� � � � � \ \<� \ e A I OWN r Agenda I X I Old Business I I New Business I I Legal I I Information SUBJECT: Consideration of Approval of Major Site Plan Modification— 480 E.Ocean Avenue SUMMARY: 480 E. Ocean was previously owned by the CRA until it closed on April 4, 2016 pursuant to the terms of the Purchase & Development Agreement. The CRA purchased the 1930's vernacular style home as part of the 1 st Street Public Parking project. The CRA made the decision to preserve the home due to its history and generally sound condition. The CRA moved it to a City -owned property at the corner of Ocean Avenue and SE 40' Street and converted it to a restaurant. The CRA retained the services of a restaurant broker to find a lessor or purchaser for the property. The CRA Board selected Ocean Avenue Pride, LLC to purchase the site for $335,000 which was the appraised value of the land and building. The purchaser plans on leasing the restaurant to Lisa Mercado, the owner of The Living Room on Congress Avenue after modifications are made to the building. The purchaser has submitted a major site plan modification to the City to enclose the patio area of the building. This will add 525 sq. feet to the building bringing the total sq. footage of the restaurant to 1,463 (See Attached Site Plans). He also plans on adding a hood to the kitchen to allow for on-site food preparation. The approvals are expected to be received by the end of June 2016. The project is expected to take six months to construct once the approvals for the major site plan and building permit have been received from the City. FISCAL I PACT: The CRA will have an additional $318,985 (net after closing expenses and broker commission) for reallocation to projects. Staff will bring forward a proposed budget amendment for the unassigned general fund balance remaining after the annual audit at the May meeting for the Board's consideration for reallocation to projects. The funds realized from the sale of 480 E. Ocean will be included in the budget amendment. PROJECT:cRA PL.AN, PROGRAM OR Downtown Vision and Master Plan 7a. : Approve the site plan modification as presented for 480 . Ocean Vivian L. ro s Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS1Completed Agenda Item Request Forms by Meeting\CRA BoarffY 2015 - 2016 Board MeatingMApril 2016\480 E. 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OLL :l W- 224,.00,'-7 20.00! 9 C,4 INV COO Ha Combined Properties: 88 Surface Parking Spaces w 00 Z'2 I �.Q S29 LQ ........12 q 2E N-.E.1S`rAVE NLJE 132W 40'RIGHT OF WAY IMPROVED NOTES: 1. LEGAL DESCRIPTION PROVIDE BY CLIENT 2. NO SEARCH OF THE PUBLIC RECORD FOR THE PURPOSE OF ABSTRACTING TITLE WAS PERFORMED BY THIS OFFICE 3. NO SUBSURFACE IMPROVEMENTS WERE LOCATED AS PART OF THIS SURVEY 'A All d PKJDISK I Consent .;. I X I Old Business SUMMARY: On September 29, 2015, the CRA Board entered into a Purchase and Development Agreement with the Local Development Corporation for the CRA -owned property located at 211 E. Ocean - - for the purchase price of 1 1 1 (See Attached Purchased & Development Agreement and First Amendment). The property was appraised at the time of disposal for the amount of 11! According N the First Amendmentto the Agreement,the Purchaser was to submit their•• • r Major♦• to the City by 1 r The applicationsubmitted to City on the • ! • The purchaser is proposing s keep the historic- intact but • s e as necessary. They plan on s • a 1,400 sq. ft. addition t• the rear that will include- • •: a kitchen. Additionally, they plan on adding a front porch as was original to the house and a large side porch and a rear bocce court. Two fire pits will be on site, one in the front along Ocean Avenue and - in the rear. Please see attached the site plan forthe •. •'s consideration for.•• • FISCAL IMPACT: Upon closing, the CRA will receive10 •mary closing costg GRA PLAN, PROGRAM OR PROJECT: Downtown Vision'and Master Plan RECOMMENDATIONS: Approve the proposed site plan for 211 E. Ocean Avenue. WM,NAV1'AA .-• T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORT81Completed Agenda Item Request Forms by Meeting\CRA BoarMFY 2015 - 2016 Board Meetings\Apol 20161211 E. Ocean Site Plan Approval.docx I*=71W =77 731(7371114776 saw In consideration of h e mutual covenants and ag . R"I R n herem set forth, the Parties It-oreto agree as follows: 1. EURCHASE AND gALEMMATY. SELLER ag= to sell and convey to PURCHASER : aR and PURCHASER P ..a agrees to purchaseandacquirefrom ' ' on the terms w s and 1 #+f ♦ # ! i ! 9. hereinafter e 7 w "Y.. the Propertywhich consists ! one parcel located Palm Beach od ;t: Rw r' having an address of 211 E. Ocean Avenue,Boynton Beach and more particulariy descnibed as Mows: f �x t + ' 1i it R. .: i- i ", ' ti I ., :�, ♦. i : . Ri w k � #' u , }a; ;. r. ' ,..."+ � R .l u11 : �; �,, . ,. - 1 .! ♦ ; } : : :.} :r f' } -" +. � ., kl ` (. i'. ! • ie4 i : f 4 R = :' � :^ 11 ' it i � # d. party or the Agreement shWI become null and void. . 1`:.,' :9! :. - i.'1',' ♦1 i=1 .Ili l w �li . 1 . s 1 'r A' � .+.. '" 1 Ri1 R *' 4 � 1 '.. ♦ ♦ # ♦ f 1 :7 w ♦ } � ;11 � } � +► � ♦ �..� =1 ♦' �r ' ; I : 1 ' " R . 1 � ri ;� - 1 ♦ tea' .♦ i� � � 1` ♦ - �.. � 1 ' .R . .R Tj _ R1 ^ R "R fi, i, -. 2,} 1 'rfi +'.� } ! ♦" R � +il ♦ 1 ?�� 6. TITLE TO BE CONVEYED. At Closwg, SELLER shall convey to PURCHASM /yWanwty Deed complyingwith 1erequirementsof theTitleCommitment (hereinafter defined), valid, good, maricetable and insurablesimple ♦i the ProperM R ' eandclear•R any : i f 1. .* ' :hens,encumbrances,conditions,easements, assessments, restrictions and other otR `R 1except only 1` following (collectively, the'Termitted R w R R'generalandspecAal assessmentsfor '1 :year♦,;: Closing i MR 111 ,_1 - r i► k R !. 'r# ,.� � li'.. ♦ .,,. ►:i 1 ! .. requirements, licenselifts :1.► authorizations as of date of .► 9. CIDSM D-0-CUIENrS. The SELLER shall prepare, or cause to be prepared, the '► et Documents o' 1 in thisSection, except for documents prepared by the Company. At Closing, SELLER shall execute and deliver, or cause to be executed and delivered to PURCHMER the following documents and instruments: 9.1 Dced� A Warrainty Deed (the "Deedill") conveying to PURCHASER valid, good, "#1: - and 1 a ' fee simpleto the Property ,# - - and ► of all liens,, encumbrances and other conditions of title other than the Permitted Exceptions. 7i PURCHASER an owneri affidavit &tte0m#ftt!Aathe best 1. i 4 ' r► ''w P �; 1 f ► ► a ►. t !,' ; ' theProperty under !,Construction�lien law,and them am no parties in posscasion of the Property other than SELLER. SELLER "I also furnish to PURCHASER a non -foreign affidavit with respect to the Property. In ffie event SELLER is unable to deliver its affidavits referenced above, the same shall be deerned an uncured Title Objection. a S4!Mgnt- A closing statement setting forth the Purchase Price, credits,all .! 1 betweenPURCHASER ' ainR SELLER, eWnses to be paid at Main& and the net proceeds due SELLER, wbich SELLER shall also execute and deliver Closing. Property9.4 Conwitiva Do-C_menW. Documentation required to clear title, to the 1: encumbrances and exceptions,any, a' I:IfPermitted Exceptions, 9 .c 1, t ipmi Pmae—ats.Such other ► ►timii=' t . a PURCHASER { ki 7' o , the Title Company may reasionably request that SELLER execute and deliver, and any other 4►` #1,►<; required by Agreement or reasonablynecessary in order to close thistransaction zmZ effectuate the term of this Agreement. 0 PRORATIONS&LOSING COSTS A, PROMDURES. 1, .►ti •►. !f .#��`.' ►1 Lii l 1�;. #1 ..#1 iii i -. ►' M � ,►+� 1.'.' ! !.:"'� a t - 1 � .t � «. ■' ► - 411:: ' w 'r t � 1 ` i� N 1 � a f recording f deed and all geI closing expenses(settlement U'. r; overnight gackages, # # # E �►' , , Mrsing A, -MeClosing Agentshall, disburse the proceeds ! SELLER; deliver h Closing Documents anM H! ' # Title Commitnent #, PURCHASER, !, 1 # promptly thereafter, record the Deed and other recordable Closing Documents in the appropriate public 10.4 Exist'dosrs.. je and Other :+.Closing, SELLER shallobtain, or cause to be 9*9 mushaction or release of record of all 996,5LI HWV!, Wd iUdM(ZF't2 11.2 Authority. i delivery .! thisAgreernentby the y 1 # f : + #':oby R! ofthetransacdon contemplated T i ' i! f ' FV. t y this Agreement within SELLER'Scapacity4ll requisite.Rk �.- :.tY i# make thisAgreement i and binding on SELLER in accordance wiffi its terms. The person executing this ASreement on behalf of SELLER has bow duly authorized to act on bdWf of and to bind SELLER, and this Agrwrnent represents a valid and binding obligation of SELLER. 11.3 Tifle. SELLER i . and # :+„ (I ! 1 1, . ,# _- `�i' y - 1 r # i # ! 1 1 :l1 1► = ! Lila IM41174IFTJ IT, in, 12. ! # f to �# F a, .!* wx ta, #■n' ■ is r` �.: 1, 12.2 SELLER'S Default In the event that SELLER shall fitil to fully and timely perform any of its obligations or covenants hereunder or if any of SELLER'S 1—A-,n1-1!Aons # 494 Air, Agremnent by notice delivered to SELLER, in which event PURCHASER may i.n Agreement and be entitled to a return of its deposit or seek specific performance. 12.3 Notice of Defauk Prior to declaring a deI and ex=ising the rowdies described h '1_ thenon-&faultingPartyshall issue a noticeof default;1 the defaulting Party N ' ' i'� ` 1 7� .. '1:1 ` ,# <►i #. H #,' Y '!. E, i � # . * , , A -i. ` # .. �' � ! ` 1 i! : 1 #++! ' M 1 '. �I Both parties agree that if an extemion is requested, such extension shall not be unreasonably withheld. If thedefault has not beencured within "h' aforesaid period, the non -defaulting Party may wwrcise the remedies described above, 12.4 -Survival. The provisions o.iSection shall termination # of this Agreement. 13. NIOTICES. All notices n 7 Agreementt be i#writingandshallb considereddeliveredwhenreceived " i # .t mail,return receipt t 'requested, orpersonal felivery to the following addressm, if to Seller: Boyawn Beach Community Redevelopment Agency accutive Director,Brooks 7 ION. Federal Mghway Boynton Beach, Florida 33435 With rcopy to: TaraD i'q., Longman a1Wallm,+s 515 North FlWjer Drive, Suite 1501 West Palm Beach, Florida 33401 if to Buyer.LocalDevCo, 630 N. P Street Philadelphia,PA 19123 With copy 1 -# C' . Thomas Carney;Esq. CARNEY STANTON O P.L. Delray'.iFlorida 14. DINDM OBLIGATION/ASSIGNMENT. The terms and conditions of this Agreement are hereby made i" f# i U ' on, and #. #s ; mure to the benefitof,the successorsand permitted assignsof the " i S hereto. "► .s R f notassign 'wa` interestin this Agreement J'''i "1 i i : the prior writtenconsentof # >, +r` which shall not 11 r e S 1 1withheld. PURCHASER maynotassignAgreementwany otherpartyIiithePrior T - ` : �+ � � � 1� 1 4 �; ! 1 �t k . 'Y � '#! . � i 1 ! M, 1 ti +• ! ;: ' tij ':' !r ' .f! i � i 1 t i' 1: 44 7 �!' 1>A#� r!' ,! �a__11.i ■ s- 1 _ .l.,, 1 w !!- ,. ! i :;.7 i. • 4. 1 "` !'�. & 1, y : i # �. ;!: ''`# 11'x! Sectionbelow shall be reasonably adjusW by muuW :.:n 1, of the parties accommodate same.. 6 The PURCHASER hereby con:&= that it has ti `!k.; " & Co. as broker inconnectionwith 1'!transactioncontemplated bythisAgreementand shall be responsible for paying R-Akas & Co. a five percent (5%) commission on the purchase price at h closing . Property. 17. ENVIRONMENTALCQWUIONS.the best 4 ils6 the Property andthe use and .. operationmare incompliancewith allapplicable countyand 1 govermumitallaws,ordinances,regulations,permits andauthorizations, including, 18. DEVELOPMENT AND SALE OF THE PROPERTY. SELLER and of developing a full semice restaunmt. 18.1 is ►S' #val. The PURCHASER agreepthat the SELLERshall have !' right to approveof t design of thebuilding and condition of r PURCHASE AND SALE AGREEMENT. Prior 4the expiration of theFeasibility ! !: PURCHASER submit plans o the k, for remew.SELLERshallprovide comments 4 PURCHASERat itsnext regWarly scheduled Board LNi^ en approval4!' plans =d design aluill notunreasonably f 1 provided the plans and design meet the criteria set forth and described im the for Development n the Boynton Beach .h ' 1 !1 7i , i , Redevelopment 18.2 Econonii;Pm�2l�men�tGnntIn=tivesadF =diw, The SEILER, shallprovide It PURCHASER R. the following Boynton B [ Community Redevelopment Agencya-n4 DevelopmentGruds ! e 1 to induce 1 r."enhancement andtor expansion 1. the reRuturmt; MP' i ! �. 4�� MPurchaserr: be reimbursed t to mwdmurn amount 00 t by Saidfunds 4r be b 'r ! within thirtyf 3 daysofreceiving Certificate of Occupancy providing Purchaser has timely submitted requiredconstruedon cost documentationconsistent! the eligible 1setforth in the Commercial % i '. Grant . ♦ ' J ! 1'. b. Commercial Construction Acject Incentive Program — Purchaser shall bereimbursedthebuilding ! " of project 1'! AfAl A�' # 7 1 *JAI i n„t. •'. i i 1 1 .1 H# 1 t i #1 �1 4: 1 t A,... C. Interior BaAd-Out Grant - Purchaser to be reimbursed an amount i to $45,000, � be pair an a reimbursementbasis within thirty 1Property receiving a Certificateof Occupancy !"oi 1g: Purchaser has timelysubmitted all required construction cost documentation,consistent 1 the eligible forth in the CRA's InteriorBuild-out Grant Program t?f; match is required b the PURCHASER. d. 211 E. Ocean Renovation Grant — Purchaser shall be reiniburs up to $200,000 to be paid mt# # basis construction conts associated with the renovation of the Reimbursement l i . ' Ali ' process will requitrePURCHASER ra R ! SELLER h copies of the finalpaid contractor "'application ii paymentdocument"' a contractors eligible expenses, Eligfble expenses are those that are construction of the project only. Soft costs will not be reimburs Reimbursement to PMC14ASER shall occur within thirty (3 an l" i t,t!� receiving Certificate ti 7 i o ` d i l: � 1' � ; ?f ' �I has � ...' !submitted required i i �i t �. '11411; costdocumentation. �'" :t a # #1 . � - i ,r # - !! :!a t i 1 + # " e. 1 �# � : # 1i a , u : �#�� � ! - i• : ► t, 18.3 DeveloDment Timeline.In order to ensure 9W the public purpose s being i! - following eventsmustbe documented 1,writingand provided iithe SELIER upon completion ofeach.me is calculated iilthe Effective:gym SubEnissiOn Of ♦ Plan documents t4 the City of ► 1 is Beach within Forty -Five days after the expiration of the Feasibility Period or after the final approvalthe design and by i CRA as set forth in Paragraph 18.1, is later, b. Submission of Construction Permit Application to the City of Boynton '.'. # within ninetyf days of the Major approval is applicable). R �;. ! 1 � 1 I I7 f "! �! ► ' ! . 1 . �:. `J�: - ! 4, . '1 # R ii R ! 4; � R 4 1 ' _ R .: � R - * 7 1'1 +1 ; ! R Yi �. � R r r IR 'R l � M R.; ` e ► R '; :1 R l: ' i :! :rIR, provisicM,T' !: m ants ar conditions.R :gap WWI survive termination of this Agreement and the Closing. R y.,, l,.R R 'Ra= !i _!' The Parties i4 this Agreement, counsel, hS participated freely in =h-negotiationand preparation h+mNeitherthis ! 1 ' ' !WI! R .: i M 1 r : f R ' iF '.5 -Mr -1 1 t ! - TIM= ' R T! require. Provisions of this Agreement that expressly provide that they gurvive the Closing shall not merge g" R { Deed. 22.5 fgymbilit If any pmvision ot flus Agreement or the application L,' R . he_ -,T.eit .4-L thern R .,: � :. � � } •" : 'f` R 1 R. +l °� ► : ,M , '4 .i � � ti 1 1. R ', ti.�.. 4,16 w � t �.-♦ a* '� R `!. � 1.., *: ;i: a !' a' !:a 1: Ra w. + R:�' i r R1.la .+ lT:T' #� i " .^':- : . 1 �`. t�, i<. 1 i ,.. R !, - 'R � k" : • : ,R i Ri • 3 T G..,: i ! iR;, A R cKIM 1 ii ' Rv ' "r l l•;; s i ,:; R F R; R =i�f a R t ! � A � 1, ;J ,• ' a.l ' '1.:. # i " '1 � . i ` � R ii �a 1 = ` R ; 1 ;i '. IawfW au&cnty to execute Agreement SRR. to bind x n i obligate ! party fd whom Ii i F on whoseF' '. R : he or &beis signingwiffi respectprovisions contained R.thisAgreement. 22.10 &ccor in This Agreement may be recorded in the Public Records of Palm Beach County, ruslamNWO Y -XIN , MIL 22.13 Public Keelords. SELLER is public agency subject to Chapter 119, Vlorida Statutes. The PURCHASER shaLT comply with Flonda's Public Records Law. Specifically, the PURCHASER " a. Keep and maintain public records that ordinarily and necessarily would be required by the SELIER in order to perform the service; b. Provide the public with access to such public records on the same terms and corAtions that the SELLER would provide the records and at a cost that does not exceed that pmvided in chapter 119, Fla, Stat., or as otherwise provided by kw; c. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law-, and The failure of PURCHASER to comply with the provisions set forth in dis Agreement aball, constitute a Default and Breach of this Agreement. If PURCHASER fails to cure the default within seven (7) days' notice from the SELLER r• may terminate the Agreernent. T. M1111,10,16, W, 11.1W, IN VMMSS VMM0F. iffic Pardes bave examed this Agmement as of *e Effmfive LOCAL DEV CO, LW BOYMN BEACH CObgvgJbM PrIntName.- Print Nam, Jwy Taylor Ti :Tide: Chair Date: L Witnesses- +� e Y' . _... .t lr "title: Chair Exhibit "All Legal Descripidon according to the Plat thereof, recorded in Plat Book 1, Page 23, of thi Public ! ' of Palm Beach ! Florida ITIIA x. Page 14 1 16 1 `: 1 ■ FMMO S! This MPITIRTER AGIREEMENT dated IIas Ofthis day d Agency20(5 by and between the Boynton Beach Community Redevelopment andLocalDev.;1havingan address h_ "PURCHASER"). SELLERIII IiIIIIIIIIIII 11: 1 111 111111`13111;- 1 11r; A. The has conveyed to the PURCHASER that czrtaia real estatedescribed on Exhibit "A" attached hereto (the "Property") pursuant to a Deed of even date herewith between theSELLER and PURCHASER. Improvements!�' B. �PURCHASER " : arced oconstruct` certain or the in accordance with the guidelines and criteria set forth on in the Purchase and Development Ag"ement. C. Tlbz Deedshall i I r" *at PURCHASER does not t t ` ti the Improvements as forth 1. this Agreement, the Property shall revert :odie SELLER. D Furtlier, theDeed shaU provide the PURCHASER fins to keep ILA *� � :'rr n .�, ,� - w,w+ t � I '�x� � 4►` � � :,t ;" i � -:• � I lila " W1�•�,G.:, ,Ilf I! -t. the parties agree _asfollows: PURCHASER construcdon of the Improvements in accordance with 1he terms of the Purchase and Development Agreement attached hereto by no later than September 30, 2016, (the "Completion the eventtheIniprovements are not completedby the tk F.t! t Date Purchase (unlesst,��..� pursuant o the f ll-' - h: a ; kit Development Agreement),the Property shall revert to and thereafter become fee simple real estate owned by the SELLER. Within daysof -I' :, request o the SELLER, the PURCHASER provide a general - warranty d_.c to the Property in form, anlisubstancel:h t theSELLER evidencingI reconveyance otheP.op 3. During the construct= of the Improvements, PURCHASER will not place any additionalliensorencurribraniceson the -I `I except t:' the SMER.Inthat _ ,1ta t the is h. agreesnot.K unreasonably withhold consent 1::31. 1 any " construction loan fmanced with a commercial bank or similar lender intended to fund the constraction and development of the luTrovements. In suchan event,enter intoa Subordination Agreement Itformand # otosuchleader.,fit( 4 Y! } L ` I o the Improvements satisfimtoryo the SELLER, the SELLER agrees to issue a letter admowledging theI t . described hereiIs. J'. Following the completion Rt til ': 1 M- l l " t t: andissuanceofthe Certificate of Occupancy, the PURCHASERmust ensure- other tt +I CRA uses as set forth in Exhibit "Cor as approved by theremain open for business during normal business hours and for not less than 40 hours a week. Failure to do so for any nine month period shall authorize the SELLER to exercise the rave= provision wn the Dead. Should the SELLER exmvise this right by providing 30 days written notice to PURCHASER, it will am M'tUI*VUt&-K, third party appraisal. Thereafler, PURCHASER will provide a general wmranty deed to the Property in fbrm and substance acceptable to the SELLER evidencing the reconveyance of the Property to SELLER. This reverter provision shall automatically expire ten years from the Effective Date of the Agreement This Agreement shall be binding upon -the parties hereto and shall be binding upon and inure to the benefit of their successors and assigns. This Agreement shall be governed by and interpreW in accordance with the laws of the State of Florida. This Agreement may only be moded or amended by a written agreement signed by 2uthorized representatives of the parties herato. Local Dev Ca,, LLC and/or assigns; Print #d, C Title: Redevelopment Agency 1103 D&V DI R11 WO I D109 W -XM tj 01 This First Amendment to Purchase and Development Agreement {hereinafter "Amendment") is made and ontered into as of January _ 2016, by and between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III, of the Florida Statutes (hereinafter "Setter") and LOCAL DEV CO, LLC, a Florida limited liability company or its affiliated assignee (hereinafter "Purchaser", and together with the Seller, the "Parties"). Purchaser and Seller desire, to amend certain terms and conditions of the Agreement, as more particularly described below: 1. The Feasibility Period set forth in Paragraph 7 of the, above -referenced Agreement is hereby amended to March 4, 2016, All other deadlines set forth in the Agreement, including Closing Date, shall remain unchanged. Terms which are capitalized but not derined herein shall have the meanings given to such terms in the Agreement. Except as expressly set forth in this Amendment, the Agreement is unmodified and remains in full force and effect, and is hereby ratified and confirmed by Purchaser and Seller. This Amendment any be executed in any number of counterparts, any one and all of which shall constitute the agreement of the Parties and each of which shall be deemed an original. IN WM4ESS WHEREOF, the Parties have executed this Amendment as of the date first set forth above. LOCAL DEV CO, LLC /OR ASSIGNS; By; . PrintNam'e: -v L ff Title: /- Date: Witnesses: to 0=1442.1 legal sufficiency: -k - - 6 "1 !-T#X%W1V2111W1 I I R1E VELOPMENT AGENCY By; Print Name: Title: 19.1i , Gill ayj 1 ,11 1 111 ! f 11 ,f :I:f 1 1 ` 1 1 I �: '1. IJ �'�1! r1 +i 1 ' =4 11M ♦ 1 1 ]:A ■: N : 1::1I I * Lal U T 7,T1 1M11,73777,7717- 3 r , r.. f1 r 1 1" 1 I 1 it I ', ti 1 1 ♦i 7 PurcliaserandScUer1 `: o , aI 1..oerlain f1 11 `.and conditionsof theAsremnant as morepardoularly described below: I. The FeBsibift Period Set forth in Pamgr*h 7 of the sbove-m&mnced Agremant Is hereby .11'14. E4 11March 4. V. AR o.:1r deadUmset1- 1 in i:f pm11_n including 1 1" Date,shallremain unchanged. � 1. * 1 % 1 i :11 1: 'r l A I 1 I i= 1 :• f [ .� ! 1 I 1 S I I 1 1� '� t 11:;.11 1 11 NI ff l or,", Tor MIT -R -M 711 1 1 1M, 11 r -1 f11.,73 ! 77, =70 f IT A: 11 IN VAMMS 1 M■ 1■ JPartiesbave executedthis Amendmentas1 I' date fnt set forth above. F-PURNME Boynton Beach Community Redevelopment Agency CIO Ms. Vivian Brooks 710 N Federal Highway Boynton Beach, FL 33435 Appraisal of Real Property Commercial Property Oscar Magnuson Home 211 E Ocean Avenue Boynton Beach, FL 33435 (Appraiser File 15-0597.DSW) As you requested, I made the necessary investigation and analysis to form an opinion of value for the above referenced real property. This report is an appraisal of the property. To assist the Boynton Beach Community Redevelopment Agency (CRA) in making business decisions regarding this property, this appraisal provides an estimate of market value for the fee simple interest in the subject real property in its "as is" condition. This report is written in APPRAISAL REPORT format, and supporting documentation concerning the data, reasoning, and analyses is retained in the appraisal file. This appraisal assignment and report have been prepared in accordance with requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) developed by the Appraisal Standards Board of the Appraisal Foundation, with the appraisal requirements of Title XI of the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), with the Interagency Appraisal and Evaluation Guidelines of 2010, with the Appraisal Institute's Code of Professional Ethics and Standards of Professional Appraisal Practice, and with requirements of the State of Florida for state -certified general real estate appraisers. The subject property consists of 13,939 square feet (SF), or 0.32 acres, along the north side of E Ocean Avenue between Seacrest Boulevard and Federal Highway within the City Limits of Boynton Beach. The site has a multifamily zoning district and is located in the Ocean Avenue Overlay Zone, which also permits some commercial uses. In 1919, a two-story single-family residence was constructed on the site. The improvements have been somewhat updated during recent decades and currently display an average to good quality but a fair condition. The building currently contains two floors with 1,496 SF plus a rear porch (Florida Room) with 284 SF that is enclosed but not air-conditioned and is a step below the building. For purposes of this appraisal, the effective building size is considered to be 1,709 SF, which is based on 100% contribution to value for the two floors of air-conditioned space and 75% contribution to value for the rear porch. 561-998-9326, FAX 561-241-4759 BA . I '. 9 0 EEN The first floor has a lobby, two rooms, a kitchen and a half bath plus the rear porch, and the second floor has three rooms plus a full bathroom. The building is suited for office or retail use, possibly with residential use on the second floor. The property is located in a three -block area along E Ocean Avenue just west of the Boynton Beach Central Business District (CBD). Two major mixed-use projects were developed during the past decade in this CBD, and a third site was cleared in anticipation of another project but it was cancelled as a victim of the recent recession. When market activity was very active in the early 2000s before the recent recession, several redevelopment projects were being discussed and some parcels were being assembled. The CBD and nearby areas had a major correction in price levels during the recent recession. A lender foreclosed on the land for the third redevelopment project and listed it for sale at a major loss in value; it has been placed under contract, and the buyer anticipates commencing construction in upcoming months as 500 Ocean with 341 luxury residential units plus 13,300 SF of commercial space. Another site has potential for a major new project. The City of Boynton Beach is planning to offer the 16 acres of land where the current City Hall is located for a major redevelopment project with a mixture of residential and commercial uses. This subject's three -block area along E Ocean Avenue mostly has two-story residential rental and condominium buildings constructed in the 1960s and 1970s, and it also has a couple of one-story small commercial buildings, including a dated, small food store across the street from the subject property. The City is encouraging small commercial uses along this street by means of various incentives, one of which has been a CRA -budgeted amount in the subject's case. A shift to establish such commercial uses along this roadway is not evident and may not become evident until significant improvement occurs in the downtown core. The CRA had budgeted $186,795 for renovation of the subject property. The City also designated the subject building as an historic structure. The effect on value is difficult to measure because money spent on renovation and value as an historic structure may have varying degrees of contribution to property value and some of the budgeted funds may be spent on building expansion. The CRA listed the subject property for lease in November 2014. The fact that a tenant would likely need to spend a considerable amount of money for renovation of the subject building probably diminished appeal for tenant -use of the property, and the listing broker received interest from potential buyers. During the past two months, the CRA decided to accept offers from buyers for restaurant use of the property. Two bids were received from restaurant operators and the City has accepted the $255,000 offer. Reportedly, a contract is being prepared and is expected to be executed shortly. The buyer plans to spend $800,000 for repairs and renovation. While the CRA has intended the property to become a restaurant use, other probable purchasers would utilize the property for a business use or as an office or office on the first floor AUCAMP, DELLENBACK - 3 File #15-0597 i ZI ■, . , ]M .99 V A 0 APRIL 22, 2015 Ms. Vivian Brooks April 28, 2015 and residential use on the second floor. Another possible user is an investor/developer who would seek to relocate the building improvements to another site and redevelop this property, possibly in an assemblage, with the adjacent vacant parcel as part of a more intensive commercial and/or residential use. The current building improvements add value to the property under current market conditions, and the highest and best use is to use the property for a commercial use. The current building represents an under -utilization of the site and could be expanded. The building currently has some good quality architectural features, however the building's condition is rated fair. A Property Inspection Report prepared for the CRA and dated February 2007 lists numerous deficiencies in structural, cosmetic and building systems; the report does not Provide an estimate of costs report is that most of these deficiencies have not been corrected since 2007. After careful and thorough investigation and analysis, I estimate market value for the fee simple interest in the subject real property in its "as is" condition, subject to assumptions and contingent and limiting conditions as well as any extraordina mptions and hypothetical � MY'Am conditions, as explained,in this!Wk'�6s-bf A�rll 24�65, is: Aucamp Dellenback & Whitney performed appraisal services concerning this property in November 2014, August 2013 and December 2012 for the Boynton Beach Community Redevelopment Agency. Thank you for this opportunity to assist in meeting your appraisal needs. AUCAMP,l DELLENBACK & WHUNEY 4 File 915-0597 t . [ I !s ROO« { PLAN i It ! itt s a - -� anrFina 5 4 G LE ey � E E 2 aauYx es esnnaw --------------------- elAvnYpaalEaexs R ❑escx YAELLM -XRRUOATED METAL PANEL °w FIRE PfF W� 4 BAR �RTRR 9pC 5 TRItA HPRAdRDS A9EfFLR�F arewuand x9 RCS a S re x s se SYaTM aee � LEOERP G 9❑ D � 2 Y. , mm 4-T." buAa VE4GRIHM to _ _ — - --� -- , - c c sa - x F ffeR BUILDrNG LJ aux s�r°rrsa c aR eR .ary Ws i er RExelELEVATIONS -e F 0 NbYE R RIAI PR❑ €A RAE FRCRA GOLffiSLLECTgR. y�y 0 R 121= - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -_-__ ---- ---E - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -1®_-_-- A 4444-HIVITHI-H 14 41111 4 XORTH ELEVA ON ELEVATCH LEMO muus CIX..—EDM--NEL FIRF PF TRFA MWING ROOF D CE MUNN ------- FT-1 WaK RIF" A — - — - — - — - — - — - — - — - QYQERRIQSE C 1D — - — - — - — - — - 10ROUMQ LEVEL MOTE: BUTCH HMMGATED. m 20' ALLEY (.a.B. 7%29, P.f Jw _40'WE _1_ PAVING + DRAINAGE wmmjq (50' APPARENT PUBLIC R/W PER P.B.if23, P.®.G.R.) i WE a � I a a xl -- K 0 I , uj MOOI I CDm ,F lgomr LOCKnON SKETCH Waxa LAND DESCRIPTIOM L.L. 13 and 14. Moak4 BAGLtidL TOWN OF UDYKMN EEACT, eccorduag Lo Llw. Plink Wend as rec.. ed an Plct Back 1, rage 23 d Th. Peelle Aeccrdr ..... ai P.L. Be -h County, arlda. SaId lauds rilunte An the City of - n Bmh, Palm Brach 'I,911"IIlya Florida and oant-hai g 19,936 square Peel: (C.32 aeres) marc or less. 6 aP le z Luo c a � I a a xl -- K 0 I , uj MOOI I CDm ,F lgomr PAVERS SE-anON t.RPiF- �F-, La B L 0 C K 4 20' ALLEY gP.8, LIF II ed I ul al - - - - - - - - - - I I mm LOCAMON SKE7CH rtrs I'll 11 It"XIIi 1.110cl, .1fllil;lNLIl "" I'll BOYMN MGM aceeerdb.g is the 1. 1. in Flee 9-k t, Page 25 of the Pubtic H .. �d. d I J.,ida. Said I.eals ft -La in the- ty of Boyatan B�I, M. Beach County, Florida end emtahhug 13,®3R4— f..L (0.32 our") more ., Ie. I W619Rj.E,QEND =C77 -d F T -1 4>w tl. Sl Clio m WAIER-± SEWER PL=,!�N '�ASPHALT P A V E Al E N T --4 - — - — - — - — E, OCEAN AVENUE APPARENT PUBUG R/W PER P.O. 1,123� P�E.C.R.) - — - J— NOT WW6)W6Kp.-%----f i ■I "ales: • All plant material shall be Modda 91 or better; • All ebm ground nnectionical egldpmerd such as exterior utility boxes, Protons, triansfarrinva and ba pre,eanters (Evart If not cu y known or shown an the plan) shall be visually screened with rNnhum 24' 'S Green buttonwooel hedge. Hedge to be spaced 24' o.c. & Is to touch at time of planting; All planting beds are to be mulchea whit mlrJrnum 3' Payer of mint -nugget pine bark mulch, Eucalypyus or Melolouca mulch. (No cypress rrauich Is allowerIN All planted areas shall be Irrigated with an underground autornatic Irrigation system equipt vW a Hunter ET —ndhor system. All trees & palm shall racwAve IrMadon from pressure regutafing good bubblers. On site wall will be used for the Irrigation water source: Tree movers wl® cell Sunshine Steft O all Canter for pubgc uglily localknins. Ja nainhasum scheduling time of 72 hours Is required for this aarvl. The everoar Is res la far locating onowerlsorptla & other privatoly awned underground lines Ifappl w Tree Moverto sol up a temporary abierro ground Irrtgagon system with battery opeFfflad unrnor. Ownerte supply C11yater connection within 100 ft horses being �. Turf and Ian pe (bedding plants) unions designed an separate zones and time duration for water w on; • Tree spoon placed within utlllty easements shall be Intited to palm trees; + There shall be an unobstructed visibility at a Wal belareen 30' and 8" above the PRIPBrViOnt within the required sight line; Trees and palma planted near overhead paw®dines shall comply with FPL 'Plant the Right Trey in the Right Place°° guldellnes; .. Landscape shall not obstruct, view of windows, building add numbers, and wallamys; Landscape Contractor shall guarantee aA new plant material for a parte of one (1 i year, date offir d acceptance of completed work against death and unsatisfactory growth; ..f�►TTi w'.T :111'a ® Mom m 29M ME w° 9p see�=>x:Iw,A xrcva.cx ,sox sx�s M.=T a.. am,�x+ei•®a �.�? F4iG M°Nffi24"3 mQ fSpyF�S "'` C. x=-uT Tazd'ia'aa i.aaa^'.twii fJa.� .. I - d zv� s �.c:.�..�r.,.•ss.sr� a•aa>3.tsrrsyscuaa ev-t<.xsa PAMJdM 22M i X p edrRE GIXdT CN. =r sr rxap^s •fie = tx+ cera �:ik..Y 5sss:. -r e-VsmxnF. M € rBr;,�ri hY r 3W9x%�w§ga pzbr i2mIlY. CdJ_ s2 r.El:as`a Q•.3WA IJ. eieh^sb<�'r..ac;ue�. s§#, ra5.r r Mafisd'bC 1'HXTS .ash TS .-. vxi�wpuS p'6�tia' &s .. Sei. .c Y .sz�3x Fm9�.aaars (D a a:� J a�KXu3 Qt� mm9 xexue iS'0.L x qX R,a 5 [ iFL zl AW archllects PFGp Cc avYp.o 7199 spas n,ruaaaea Tm: �9 847 tat=:. x 3i4 ._®9�r11 laLi I'AYEMENT�-^''ro®_®_�_ I 1: aaundnY. shePlns mB ny®rae WitpAWAnap slag A•w Iara Sunxyaaq YapWdMa. auIIWn9 ud &I+Plan• wlnpngnd ®nit PreNtl•d Iryhw TTateiygm Aral nrlMtlpod up Iry UHvn A'W •,6� 0M lAra vntl wrnY wva•pwnlalnpd bg nM® 0.4 brourunmlM•gWr ratl le•o ranwg pbar. .-P, Lu Mfr Wrvlv>e, 3818 Jo0.11w 6651® e2a'E „�z, '?.d-.a"Cxae, X'.wnz'i.'sd� tWC AWYF�.i M.=T a.. am,�x+ei•®a �.�? F4iG M°Nffi24"3 mQ fSpyF�S "'` C. x=-uT Tazd'ia'aa i.aaa^'.twii fJa.� .. y .W xs '.piwnw'4vaviG!&.oa',a±l"spn. awxs5 =r sr rxap^s �ru�,'ra Q•.3WA IJ. eieh^sb<�'r..ac;ue�. s§#, ra5.r r Mafisd'bC 1'HXTS s's .. sq-y'et#'&r..Y.smxe"4yr..aE<',k-ri t^eba trA'-3Ik+. 'a.�a3oY#:±g� Sei. .c Y .sz�3x Fm9�.aaars r £S 9.---;€sxzr•&a fr4y tal.as Ysr Psxi� .'m v:._ 'In pilaw ru•a plaet [ iFL zl AW archllects PFGp Cc avYp.o 7199 spas n,ruaaaea Tm: �9 847 tat=:. x 3i4 ._®9�r11 laLi I'AYEMENT�-^''ro®_®_�_ I 1: aaundnY. shePlns mB ny®rae WitpAWAnap slag A•w Iara Sunxyaaq YapWdMa. auIIWn9 ud &I+Plan• wlnpngnd ®nit PreNtl•d Iryhw TTateiygm Aral nrlMtlpod up Iry UHvn A'W •,6� 0M lAra vntl wrnY wva•pwnlalnpd bg nM® 0.4 brourunmlM•gWr ratl le•o ranwg pbar. .-P, Lu Mfr Wrvlv>e, 3818 Jo0.11w 6651® IM „, mR c:at$ �wiu; - oxa arc a; Awa& exr,um wtnww% AM Y�+iMh' dq i9 waw tic rp 'a ',xturaaessne. �rxe �• e�xars.ax,uveuwe�emmr�w.rerazxaxba ex, ¢taa`gaaa.%ice "k�«ei,�or-zgaa+¢+��cauus'a,�aamcsmsww'earnwwtoawac�t mnxw IN Tree R t Barrier Detail ",qcrT aeraa.ae sAisa: Atx F.6.G. WA%�R da%{i1iEs. 6Vlsn[x� tlast AW tlmd beAiv Y° Pa #AFP mbave 9rrc6. ®o nexldea - m�aomxnoarr_uarmcwxar¢ryiy ror. w.aeu x cemre '6R%natl Oram — a�natw rc &' .xnE#,� wt+u r. �P ��roa rvnav�w�tiuc w= WaYxW �KMbufl`AMo.- scc�o-Txoa �euo�v�suer xcrtgamrr esrexi xe mr:ueEaa rw+ueaea+ca. e �p'aaw. � munrnmee v,z p,^a, '� -omure�axss®n.EMEm axcatrm.+'utser drt ix ({"-�..F�``t a �;>w ks Gpus.�Ah 4u�4s two naevaxrmsaasa.ro,s we - r�aan,s�m 4�6 Y �: Small Shrub/Groundoover Aaazrn Shr'ri�duFe Braga gg �"�'��yy • 4'A(NWndn a�IG a rt24°frwn idtAF. r Small Tree Planting and StaWng fTmes Less than IF C,r mll Height) qucAirs &anams�ae�pbe� ^cmb�8°4Y;sq.N —A :big Alae Read "tgon FL Tekjw)734-8580 Face (M-1) 734-8590 ual ;paU„y.raCi .3969 nde.Psss:r.h=m tea, �r a w r a, m1e BSSSB kS NOIFU eiwxxumer ®�^-�g1 1 arue�vrpeww.w A�aroe. �% esNp S58' pees Teunk TttcR'.T. p#v Ae n M � fa °�%'x.T. p6c dxaw,. sesk� m 0.uWj�ags�e >fi �'i6 Y2A° _ dyy'^Po,pgarym�rt mcuntlwx§:¢'sp Saw m9ee3W -..�, mCr�,#i rzrd �ssanM rsa,pv�m@sq 6a ¢r6m kwe3ig t�d�: �a°nxrcs m§ 26°u€ -n 9I A2' . Aaazrn Shr'ri�duFe Braga gg �"�'��yy • 4'A(NWndn a�IG a rt24°frwn idtAF. r Small Tree Planting and StaWng fTmes Less than IF C,r mll Height) qucAirs &anams�ae�pbe� ^cmb�8°4Y;sq.N —A :big Alae Read "tgon FL Tekjw)734-8580 Face (M-1) 734-8590 ual ;paU„y.raCi .3969 nde.Psss:r.h=m tea, �r a w r a, m1e BSSSB kS NOIFU eiwxxumer ®�^-�g1 1 arue�vrpeww.w LANDSCAPE CALCULAnONG 211 EMO— GROW SITE AREA.3%4 AC. omw Sri LANUW,-FESTATIS11CS; BUFFERS SOUTH R.O.W. BUFFER (110.23 LF LESS 27 LF OF DRIVEWAYMAUMAYS - N IFI THEEW MUMS III TREE PER W UF SH LF DMDEO BY R- I TREESTIAMS REQUIRED & PROVIDED CAL ImuNna, REQUIRED a x V- 12 CAL INCHES CAL INCHES PROVIDED: (2) ONHOCIN HOLLY & AM (2y COCONUT PALN!3 @ 6' x16'. TOTALING a CPL INCHRA FLUB GEHRUBS2KTSPADMOLFDMOME2•2F�PEQUNM PLAKM PROVIDED: (M COCOPLUMAND (Ks WEEK isAFicus, TOTALING ar minvas WESTSBtIFFER 0 WIDE PLANTING STRIPALONG PROPERTY UNE(ioA4i LF) IREgW PALMS II) TREE PER W LF (128MI LF DIVIDED BY 30l,- 5 TRESVPAUM REGLNRECI & 5 TREEWPALme HAVE BEEN Pscovmm CAL �NCNESREQULRM 5 )W 020. CAL NICHES PROVIDED:N 2.9l DAKOON HOLLY AND H) Ir CAL SAM PALMS TOTALING 00 CAL INCHES PROVIDED PLUS HE13GFlSHI9UBS 12BA41LFUMDEDBYZ-MREQUIRED SHRUBS AND MEMUBOHAVE BEEN PRGVK)ED NORTH 9 BUFFER (110MLF) TREES! EMS (1) TREE PER W LF (I I0. LIF DIVIDED BY 361-4 TREEIV PALMS REQUIRED & 4 TREM PALMS RAW BE M- PROVIDED CAL:NCHES REQUIRED W- 415, CAL INCHES CAL INCHES PROVIDED: A& MANY TED TREES & PALMS THAT DAN PHYSICALLY FIT IN TILE NORTH W BUFFER PLUS (IDEXISTIN _ G MAHSO TRE M A 11) MULTI TRUNK CRAPS WRITE THAT ARE LOCATED IN THE ACU&CENT EASEMENT THAT7CTAL 104 CAL INCH" PLUS HGOGOWSHRURS Z RT SPACED 7 QCp 110.22 LIF LESS 25 FOR ACCESS 70 THE POWER Um5 EASEMENT AM GARBAGE TRUCK TURN AROUND- GIF DIVIDED BY 2.4S PLAK73 REQUIRED & OVER 50 PLANTS HAVE BEEN PROVIDES. EAST F BUFFER 112LO LF) 7REEZV PALMS 0) TREE PER SD UP (126A LF DIVIDED BY 36 - 5 1 FEES? RALMS REQUIRED CN_, INCHES REQUIRED 5X4'• M CAL INCHES REQUIRED CAL INCHES PRONIDEM(3) ARECA PNM ADD UP TO 87 CAL INCHES PLUS(T)0 SABAL PALM TOTAL SO CAL INCHES PLUS HEDGE SHRUBS 12HAN LF DIVIDED BY V - 64 REQUIRED SHRUBS AW OVER HE SHRUBS HAVE BEEN PROVIDED LITIGATION: W CAL MANGO TREE 15 TO BE RERIOVED AND rAnGATFo 4'CAL LIVE DAK TREES PLUS (11 2R' CAL DAHOON HOLLY TREE. 23A CAL iNcNEs TO RE PLANTED ON SITE To WIGAM MR THE REMOVAL OF THE MANGO TREE SHADETREES W NATIVE TREEGAO LOWWA72F[ USEDIVIDED BY" TOTALTREES -100% KkTNE & LOWWATERUSE PROVIDIED, PALMS, 4 NATIVE PALMS L 18 LOW WATER USE PALMS DIVIDED BY 23 TOTAL PALM. 86% LOW WATER USE PROVIDER, SHRUBS 362 NATIVE A 189 LOW WATER ME DIVIDED BYGMTOTAL SHRUBS -549% NATIVE SINWIMI PROVIDED, Ha%! B—h-Y, tW�hly and Ift"I � oo —M � PMPVW & PSMM BY AVkam A—daka I'm SImw Ind "Ping. BuMno -� Sft� PI.- — �d wd� by AW AmMhaN' T SZIZM AIA 4—W Dura—n By UMM A MlInc. Am mr—ti pmpam pimft md Inm m—y pMn& -;=.Urvey ASPHALT PAVEMENT LU W LU Odv 1111arA29,20116 4016 aow 5'.10'60 TS -1 U 5 10 is 20 MB"ndaa z Smdl M AIN archhects S98'49'3YE i; ��izb.,P.m Urban C. nul P.I. jc #7 Sahel PSI BID Associates.— Sal P.I. rl 12 nut P�dm 9671 AIDS Band F— Palm ElGynt- Beach, FL 33438 76I:(561) —BSw 414 I Fax(56IJ7344610 Aseas Pal. w UpIM@wIS.UIh.NA 076 €I€--h-4andscap6..h... CE.U. PIPI 0.015 2 wace pal. R: y.I P.I. A— Palm A. ISI M pal. *aw krB- P.I. ! P-1, os . [ 4 Chdtin.s Palm 'M 1w E p U 15, MuM TmVef W. T '72uo M 15 Teaval.0. r- *03angl6Pal* 04 *P.Irn sia"I 13 I- 110.23 ------ -;=.Urvey ASPHALT PAVEMENT LU W LU Odv 1111arA29,20116 4016 aow 5'.10'60 TS -1 U 5 10 is 20 ■ = 7 n# =1M =#*MIT= SUMMARY: The Riverwalk project is located at the southeast comer of Woolbright Road and Federal Highway. The site was home to the former Winn-Dixie grocery store. Walgreens, Joann's and several local businesses are still located on the site. Permanent public access to the Intracoastal will be created with a public easement along the east side of the project. The developer will create a boardwalk with water features, landscaping and seating areas. There is a small restaurant space with an outdoor dining area planned. The plan also provides for an additional outdoor dining area on the waterfront for Prime Catch. The project is requesting a land use change from Local Retail Commercial to Mixed -Use and a zoning change from Community Commercial to Mixed -Use Low 3. This request is consistent with the adopted Updated Federal Highway Corridor Community Redevelopment Plan which allows 75' height and 40 dwelling units to the acre. However, the developer is requesting additional height for the new building stating that the site is constrained by the remaining retail buildings that house Walgreens, Joann's and Wendy's and by having to require parking for Prime Catch. The proposed site plan calls for a maximum building height of 105'which includes appurtenance such as stairwells, elevator shafts and design elements. The maximum habitable floor height is 95'. The requested addonal height would require an amendment to the code. FISCAL IMPACT: Currently the assessed value of the site is $10,377,723. Depending on if al �ow the site gets approved will determine the final assessed value and additional ad valorem tax -evenue to be generated. CRA PLAN, PROGRAM OR PROJECT: Federal Highway Corridor Community Redevelopment Plan W 0 J1 il, 117.1% 111 W k, M 0 T:AGENDAS, CONSENT AGENDAS, MONTHLY REPORTS%Completed Agenda Item Request Forms by MeetingkCRA BoarMFY 2015 - 2016 Board Meetings\Apdl 20161Riverwalk.docx R E y I. I a N 8 ISRAM REALTY GROUP FSMY ARCH[TrECTS GREENSPOON MARIDER LAW 506 S. D. Hwy. 888 South Andrews Avenue 200 East Broward Boulevard, Sufte 1800 Hallandale, FL 33009 Fort Lauderdale, FL 33316 Fort Lauderdale, FIL 33301 954.455.2822 954.764.6675 954.527.6266 RARRANCO-RLA FLYNN ENGINEERING SERVICES, PA. SIMMONS & WWTE 888 South Andrews Avenue 241 Commercial Blvd. 2581 Metrocentre Blvd. W. Suite 3 Fort Lauderdale, 33316 Lauderdale By The Sea, FL 33308 West Palm Beach, FL 33407 954.224.0432 954.522.1004 561,478.7848 coms"M -G-001 1 E4&L P . P!L MMOT RhpF f8 S,cfirgy' .9y, P 45 MMI. 1?wHM 43 EAST, F.W13 GFAW a 9$ YNE QST lME 6T "$ A9f 5ESIR4. 19 RE FEB,T Pd Q N FLtTWNt. RPoTsf 14 Pa"tl1 8v§G1 MTY. . Yr RFR%h LYWG FA£T as' 1FF $A5T T-�-HA4 I f� IFS. Y NC. I RV4 Ff.'nLH G9 RIE 'AFSIEPo.T EstwHra ag' THC 9M lIDff' 6 IDT 2 Ti mawst•$r Sa FCET TIISNemr rra FCfi �E vQM a , iWp PIIwP;F. , .�I. ' r..... - i C®iTFdA P 6" 13N6 HW k DEW IffiCPRQEFt es L PEGRIGS - ffi3¢, Rs tds m se6 CCRQE 1 . PiiL4 A15. RbRP R 5Y ra sols 1 ervQ g Cff bP5 ". 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RETAIL ALONG FEDERAL -WEST ELEVATION RETAIL ALONG FEDERAL - EAST ELEVATION 12M, BICt'CLE,-T'iCK PERSPECTIVE 4ft, BICYCLE RACK DETAIL BICYCLE RACK- SITE P�AN ITN - SITE PLAN - RETAIL ALONG FEDERAL N E v I a 1 6 N s RIVE RWALK PLATA MWOMWEPWN MAU As -1 a4 sklilf;l Fel;4:4 =ILI M#iW 9 WALGREENS @ SITE PLAN - ENTRY DRIVE WEST NpIPNNpwmle HB Ns ri AWMA SIGN GTUCWPAmnmoRAmrmGREY COMP*NMVAMILAIM ffYTRWOMM JOANN F 'PAwmTALPR R E v 18 1 0 . S lt.8Lls IZ RFVERWALK PLAZA PLAZA ENTRANCE SIGN - FRONT ELEVATION AS -105 ;k1shkoll till-1611w,li] rA&., SITE PLAN - ENTRY DRIVE EAST M = Z=, 91AdiS 161 RIVERWALK PLAZA QYEL 01 - PERSPF-C-M-E 02 LEVrzt, 0. PERSIPECTRIE al � SITE PLAN - LOBBY AREA @ LOBBY - PERSPECTIVE 01 AS, 71 06 WINDOW DISPLAY - 03 @ WINDOW DISPLAY - 02 I WINDOW DISPLAY -01 Q WINDOW DISPLAY OVERALL -v- SITE PLAN - WINDOW DISPLAYS .) R c Y . . I® N S 91A6,1R 13W4 RIVERWALK PLAZA NORTH - AERIAL PL . - OVIDRL 01, PLAZA SOUTH -AERIAL @ W - NORTH CORN12R 02 PLAZA- MIR ALL. 02 SOUTH COR NEP Ol IMEM NORTH CORNER 01 t-,-% PLAZA- SOUTH CORNER 03 • CORNER 02 11M.15 Max RIVERWALK PLAZA AS -109 WENDYS DUMPSTER ENCLOSURE - SIDE ELEVATION Ity -.- PRIME CATCH DUMPSTI PRE - SIDE ELEVATION -12= MVERWALK PLAZA I SM ENCLOSME MAU AS -110 RNFE�Wxlk', PLAZA - - --------- . .............. AS-] I I LEVEL 02 UNIT GAUNT a.. SRR N® LCRJ, jy pI lY 11+f*�i��+fes IIJ1613 tom. RIVLZWALK PLAZA I LMR MPWI -112 Lew 3 uxcrzm M6 M6.11.ck JY w F=MMLd RIVERWALK PLAZA Lea W FLOOR KM AS -114 M.MiIMMMMIM:W1 RIVERWALK PLAZA LEVEL WROOK PJ AS -1 15 LEVEL 05 UNIT COUNT mmn,. _ZZ: Il 2 k fi B Tmmv v L I6 M.MiIMMMMIM:W1 RIVERWALK PLAZA LEVEL WROOK PJ AS -1 15 xmkrl�l �01 �41, 1 RIVERWALK PLAZA F=E=-MLJ 49 B.MJ! jy RNERWALK PLAZA LEM W FLOOR RM AS -117 LEVEL 07 UNIT COUNT 3 8 w 119 2 3 2 a 2 2 2 2 2 F---------- IN 2 tt 1 v 1 2 v W 2 3 /71% Lwel 7 F=E=-MLJ 49 B.MJ! jy RNERWALK PLAZA LEM W FLOOR RM AS -117 -T ..-M 171 ilacla !tea RP,/MWALK PLAZA LM 0 FLopl ftm AS -118 LEVEL 08 UNIT COUNT . . . . . . . . . . t3 3 'A 1 2 2 3 1 12 2 3 VP IF v I 2 2 2 2 2 ms IN T- "0 v v v 2 1=1 2 2 8 MIN 2 1�4 ---IL 18 -T ..-M 171 ilacla !tea RP,/MWALK PLAZA LM 0 FLopl ftm AS -118 aaeuLmmaa� xwPxars �,cc�l weeavaemeenm unmreeeaxu�, anvsis RWEB PRM xxCR xp xP.CRJI N P amre IiDLIS 1�4 RIVERWALK PLAZA L LMRQaq PIRW AS -119 LEVEL 09 UNIT COUNT a e i PLvmcvm.e I a a a 'A° 8 8 V it E I s! 2 f f 2 2 541 I ;.. 9 1 � e 1 2 1 f 2 2 i 1 K 7' f' I 2 q TwpEAs e ! R 2 ! 2 2 P 1 2 I 6 2 e 2 ! 1 2 2 1 f ! s 'A° 9° v v 97 Y I ° 2 I 2 f 1 2 2 b B 2 f 1 2 2 b aaeuLmmaa� xwPxars �,cc�l weeavaemeenm unmreeeaxu�, anvsis RWEB PRM xxCR xp xP.CRJI N P amre IiDLIS 1�4 RIVERWALK PLAZA L LMRQaq PIRW AS -119 M6 u NLJJ.GR JT LEVEL 10 UNIT COUNT i 6 R " 9 LL �Jc�aeuRE s 2 � r 2 2 2 2 z Sa 2 f 2 I ! I $ 2 2 n ' I I 2 I c ! � 2 2 ! ENCLOME Level 10 _ M6 u NLJJ.GR JT 0 SOUTH ELEVATION __________________- Wu owl Oros owl x'F w Owl s -o - - — .: — ..... .... H EA71 .............. ------ - - F-,17FVfA-J',NL AY,% ______________________________________ ---------------------------------------------------------------- ROME /,"% SOUTH SECTION/ELEVATION -TOWER B RIVERWALK PLAZA AS -203 m mmm M� MA 1�.IR 1 -SECTION gAIR 1 - LEVEL 2 IMM R C Y I . 1 0 N 8 RIVERWALK PLATA um i-FNlAmmpvm& se=fa AS -301 C e STAIR 3 - SECTION ,�.ra I agm cam 1 1 STAIR 2- LEVEL 4 5 STAIR 2- LEVEL 3 _ i Q R E Y 1 5 1 0 N 5 11.0°,15 19W6 RIVERWALK PLAZA 9M R i 9 -EN M%O "S 8 EEi7Y.lNc nm AS -302 mFEi Cl F mf,, Im lll�l m"5.... ■.. ,lmq!Vl=llEl ♦ .: vSECTION 0 1 PJK 4 - LCYCL Z Itl JJ pJY R E 4 1 5 1 0 N S 1PA5.13 i:A06 RIVER WALK PLAZA wenxcEaRuloNJwr StM <- ENWGED MNS L S@C m AS -303 a EQUINOX - 4PNf Q QUINOX-MM � .-0 M M-11 H6 N8 I E WR 691/1. IId6.13 ISm6 RfYERWALK PLAZA ART 1; GLASS /LIGHT ART ZONE 2: KINETIC WALL ART ZONE 3. WATER / KINETIC F=E3M!=j E� CCut I1.0&IS 16W6 RIVERWALK PLAZA nxrwcalAxFwnrt AS -802 t's-% ZONE 2 - PERSPECI NE 02 tT\ ZONE 2 - PERSPECTFVE 01 ItTv @ j%NE I - PERSPECTIVE 01 rae Na civ R I , . 5. 0 N a II ffi15 15004 FdVERWALK PLAZA PMMCTNZ -OL.- AS -803 ZONE 4 - PERSPI:-tCTIVE 03 W. --- - --------- (7N ZONE 4 -PERSPECTIVE 02 17\ ZONE 4 - PERSPECTIVE 01 ZONE 3-PCR$PtCTIVE03 Was RIVERWALK PLAZA AS -804 @ERSPECTWE 02 rr•rx ' '— Q PERSPECTIVE 01 L zyp I PWAr, R PE ATri NeRSPECINS 1 PEr.TM 0 ".nom. ..—.... _ .._... .: .. A E Y 1 5 1 0 N A PERSPECTIVE 08 @ PERSPECTIVE 05 -ll 'IV ET -"w A-, ic NLA � A PERSPECTIVE 07 n.ac,s ,she RIVERWALK PLAZA P6RPECTN� -904 — --------- WOOLBRIGHT ROAD -- — — — 1 CaNcRrm CuRD nuRn cu,' I n N PAPKINFI-- CENTER LANE sTpin r ASPHALT PAVEME nil IMM -0 =won lvkv 111MMEM IS WWI � Ds? LEE; I -------WDDLBRIGHT ROOD P 'ENTER L4W STRIPE 9 -SPHAL7 r4WENT— CURS CUT 61 W, 191 F I RUM Ban. E !NEWM-M-66-39" 41 PF -------- ]a°'� 1F y0 w mpfma p 2LOI PEE E3 7 I y rrRal W W — — — — — — --- — — — — ,P FFC-aM RAW BB Ej >— wAQ CL CD < W-om Z< 00 LD N, WIM J, 'Ku 13-M V9 S N. LEGEND: < R 1# -- le IN c of Li rx tP, L i q WALGREENS P L FLMIR LL -E.46 ;R 41 ck il 'p cm 'Mas I WE EBB - 5y . I . — QWFM SCAIZ NORTH —1 1 V, --z IN t JC m Al w. ------------------ - - - - - - --------- WALGREENS FLETR E:Lz&A'� d BOYNTON "C BEACH, RA ;= Krrr Agenda I X I • ► Business I I New Business I I Legal I I Information AGENDA •' Update on the Ocean !,-'so- i SUMMARY: The former Bank of America site located at 222 N. Federal Highway is located on the east side of Federal Highway between Boynton Beach Boulevard and Ocean Avenue. The property owner recently submitted to the City a rezoning request from Central Business District to Mixed -Use High and a site plan application (See Attached Site Plan). The applicant, Davis Camalier of Ocean One, LLC is proposing to utilize the CRA's adjacent property on the corner of Boynton Beach Boulevard and Federal Highway. The CRA's property is .482 acres (See Attached Survey) and is appraised at $460,000 (See Attached Appraisal Summary). At the March 8, 2016 CRA Board meeting, the Board accepted Mr. Camalier's Letter of Intent for the CRA's property for $10.00 (See Attached LOI). The statutory Notice of Intent to Dispose of Real Property is in process and a Purchase and Development Agreement will be brought to the CRA Board in May for consideration. The proposed project is not eligible for full review by City staff at this time as the CRA does not have the legal authority to sign off on the rezoning and site plan application until the property disposal is complete. The proposed project is mixed -used on 1.98 acres. The applicant is proposing 230 residential units in an 8 story building with a parking structure. Currently, the applicant is proposing 2,675 sq. ft. of commercial. With regard to height and density, the project conforms to the adopted Federal Highway Corridor Community Redevelopment Plan that permits a land use change to Mixed -Use Core and a zoning change to Mixed -Use High. The permitted height under the zoning is 150' with density per acre of 80 plus a 25% bonus for being within the Transit Oriented Development Area for a total of 100 dwelling units per acre. The project will have to go through site plan review and a rezoning in order to develop the site as proposed. IMPACT:FISCAL To be determined by the final value of the developed project. PROJECT:CRA PLAN, PROGRAM OR Federal Highway Corridor Community Redevelopment Plan Update and Downtown Vision and Master Plan For review only. Vivian brooks Executive Director T:IAGENDAS, CONSENT AGENDAS, MONTHLY REPORTS\Compieted Agenda Item Request Forms by Meeting%CRA Board\FY 20i 5 - 2016 Board Meetings\April 20161®cean One.docx DEVELOPER 777EAST A7' VMC AVENUE, SM 100 DE WACH, n 33483 TEL (1821 441-8M ♦1�'� - =1 ml NAY MISKEL BMKMM- 14 SOUTHEAST 47H STF4W SUrrE 36 Baa Rafon, FlorWa 33432 TEL CHI) 405-9 8 FAX (581) 4m -m41 ARCMTECTURE: APCHRE= PA U..N.AACqW79 Boos NWm VMT M61F4UXEi PL D9614 Kimle-y*Horn Col=AVE #IW' 'L 119GLY DrSM45 TEL (561) M-2345 A lf,0*40;i f'-PAmc,i 21111_ C1.01 GENERAL NOTES CI.02 GENlCKa NOM C2.OD EROSION & SEDDIEWATION L"M PUN C2-01 BROOM & 9EDDIENTATION CM DETM- C3.00 Dammmm PLAN C4.00 ME PLO .0. FAVINCi OPADING AND ORMNAGE PLAN CB -01 FRWOM CROSS SECTIONS C13.00 UTIlm PLM C7.00 CONSTRUCTION DffrAlI.S C701 CONMUCTRIN DETAW C7M DDIMMUCTION DErAlla ON N BOYNTON BEACH I FEDERAL HWY PARCEL BOUNP,ARY AND TOPOGRAPHIC SURVEY NOTES i. '3. . M-11 R T FLOOD INFORWATION RIDS c -R. aEnEWE. 50, is" ABBREVIATIONS LEGEND BELL 5 SIMt MT �w MEN Wm �R qm �kTR),l .................... MIME 1". 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"` sssdw srs®° y w � R R waxr awsms seer w vw 'R wmr o-w. mmra`w'r wr. x rR sae NRSL ° a Bearer Nus ns� aq n' a .wY s �' mwna ® Q wT a ureuamrw _ n wssta s sw c rww a mwwnaussrxwsae.NYRSW a p Yewrm.Re..o Ws6 nae aw,YtyT Eq MEM ME m Wwva x sx xc m � `. $$ m sa aesRwMas sL drat " saver arrm ` _ " "' . °iRr rmwrc asem sL xa.areMaa we w:s a CONSTRUCTION SAFETY aL a a,wNY. Twry:Wr sa a x eL ms o° qua wiecaaxm. � r �' wn r xn ecru a r'°Ls'ae pw rwm xa` .sRaRw:w war 'p 1 iii x o.¢ rrswaar w �vs@ y °w1^w w a eeer y w a .r sawoJ. n I TRENCHSAFETYACT 6" ,s®m wy N. �'. �ywamuaadnw g va acn 1eTm s' 91e "°dax sxa. a°n c � sw mm6r rmmTnn a aw sx v n.w . sr L ss ewe LL n sartwr "v � at m swmnsa - t a .s6. saurwLra s. v " ver Yaaawr wwa :sr PnLx � "` siwsmtmrra wasrrr v au swam w . .e sw m uuma. . ++ sx saemrsr wmsw wtgaw's+ror m r vm v Maar Nmr °Q L nwrxr sY r aaoram y nr eaaweaa.N4 mswx m w craw .nmuraa as DEMOUTIO, N m sxe soar au w L + msL o-Y saw.as awtw auris v sue irw m nrx y saswwa a asm. RRU OF ST3 LITIES roe`s R maws esu° a un n yu.LL 4 � " sn v mYr rwam ....ossa a reean'`swL mxn R wrwnss L ruwrra a emfawam re sY errw as'awaeare, samm eWL a w a�n: ° __ � w w .. r. w s. a sca v .a ssan. m r A ®v m rm Nxa swam m a +Kers a rre m m s rx ro .s wsnne o- mux rs CA ..,,. Lra s6LL: sur a R rtc rwa mew swam Nm .....� era inwt 015 � r. sai� was anL ss, Y aessenauswas: w : rrwr sagas. r NY m w� asst esa 2 MLRVEY DATA r Yo-Y artscwu ewer .L e6n 4 s vayR°o w a TiwMAJNTENANMw 2 �wreK .vL � swY mreamr y'rRrm yam swrwmNr. -----� a m abw m woes Rr»s < , onssca.xa• Ka m+ wo Newwsrsas `war ea °Rw. x Ne rcxa verr�wmssrw wm . � r .Nye SEE= .wL r ar,rexo- f e vnR wwas a eT1. °' ova s BIw Yew 1 NWlm R. A wCf Ar m S . � PYTrF RLLd ItRL S 11rNa M y tb WYL wlouL. ywwRWrerW r a Yo L r R afnsmr ` OJN2(2otB x maw. .R 3 H R 'w' 7142326tl9 I 4 I I I -------------- I =�TWWI93m a azm ia� •n Pmy -� d n 4 °' < Y wA� �. ;Ups ass n'v aw w®r w r m�r aw m s ¢r sem+ ss. MW aP.-M-0.2 s aw a s axe � mat te�• �$�$ ,^secs sa® ffi 8 b 4 ms • � �sa saee� rtriti ex men � s. s ae+e mro can a u� es+eu, s v m s aan mxr ru. rer ° m k i a ne y c a eM.re s s mx r � v¢c k4 CRP A msews rwam mY 1l®� �naa ease � s EHEI arc m sr IL y � - nw it3 LL ac rr � A � ssc � ma TA@tlAY�i WLR 4 8WeY9 A WII &AiEs CF_TA q, NOMDUAILBAREINMUDMED ANDARE 7TH KFfA °'�' essPaa/aaa6 '..."=V ORM " PU ONLY. ' pa CO LOBTAW AND CONFORMNTT H THE LA STAN AND OET I LMM-F LL, g Lu o Z >� C) I z PLANS M 1.11,11"I' Am =10 =,VOM.WM U OMVD 1920) f - I I I; cm SIT-AND-AROD DETAIL hSEGUANS DETML MOTE, DETAILS ARE INCLUDED FROM THE ENTMES LISTED ABOVE AND ARE PROVIDED FOR MIFORIMATIONAL PUPi-asES ONLy. CONTRACTOR SHALL 013TAIN AND CONFORM WITH THE LATEST gtmaARDs AND Ut7AjLs. ,r K � m 111 , _ [1 u, n • w ,axe- I y Fr i'i WGOMa-GM,0.���iC"b °W A T4 —,AODU�—RI-W F—W­� 00 A� BOYNTON BEACH. BOULEVARD '19'09 �_ a ______^®______-____ _ 254.1F E'er ' S®fl2A0` � ui Y sue seas rsRPQlu�a � �5- .:, - ` wr ate• .+�+ -------------------------------------- 0- 61 .s 28.fi0° � .I :. lI$ r. .s •°, `_ _°S..p. .a.�:f r. e Ad a ' -^}Y' � .��� �'�—^-+m, r�c1y_•° %l yrt�® H.Y�'3 `�� ap. ".—a jq!"1 ! Y Saf0d .a 2&'Sg,•` •. •' . _' N'' -CH . q• r .3 Ami Rts rf .•:45 �4 S"•S3°14"Xl:, LOT YdK B46 h A J. !r®r6 E�af CRA PROPERTY �=f � AREA 20.999 SQUARE FEET, 0.482 ACRE OSS rk swy �. p 3 or. Cacofe® § o a 0 IAT 2 m RW.. w. P h !E S®UTK L111. III LET 2 (am na a, weeg uw x na cw saw rar r=a�m,w mcry N � am .m aemv,��.nyy,, f® 'MMS 10 Yw4 SYN tl e m Wm YeuS 9WY F wu Ypl . e 5� wds wu � Y V MP. w M RmAr � 9m YHPu Wp 4 IwP i YELL YbY ®s YK - ui YM n Nm1914q�61Y ieWYtl Y MMrLRv OCEAN AMEN E Y Ili Ya16Ellliv MMi Y •RMr IWWr. nC1 a >Wir4 R M QIAYI WIG fPYbnWll wn wv LIiOiN 1• t�oMM9[Wlwwl e�Ya me wig p Y®T.iW arp lr NWS � 9 i i WGOMa-GM,0.���iC"b °W A T4 —,AODU�—RI-W F—W­� 00 A� BOYNTON BEACH. BOULEVARD '19'09 �_ a ______^®______-____ _ 254.1F E'er ' S®fl2A0` � ui Y sue seas rsRPQlu�a � �5- .:, - ` wr ate• .+�+ -------------------------------------- 0- 61 .s 28.fi0° � .I :. lI$ r. .s •°, `_ _°S..p. .a.�:f r. e Ad a ' -^}Y' � .��� �'�—^-+m, r�c1y_•° %l yrt�® H.Y�'3 `�� ap. ".—a jq!"1 ! Y Saf0d .a 2&'Sg,•` •. •' . _' N'' -CH . q• r .3 Ami Rts rf .•:45 �4 S"•S3°14"Xl:, LOT YdK B46 h A J. !r®r6 E�af CRA PROPERTY �=f � AREA 20.999 SQUARE FEET, 0.482 ACRE OSS rk swy �. p 3 or. Cacofe® § o a 0 IAT 2 m RW.. w. P h !E S®UTK L111. III LET 2 . W 1 �I�o.1 i�i 1 1 '� (am na a, weeg uw x na cw saw rar r=a�m,w mcry N � am .m aemv,��.nyy,, f® 'MMS 10 Yw4 SYN tl e m Wm YeuS 9WY F wu Ypl . e 5� wds wu � Y V MP. w M RmAr � 9m YHPu Wp 4 IwP i YELL YbY ®s YK - ui YM n Nm1914q�61Y ieWYtl Y MMrLRv OCEAN AMEN E Y Ili Ya16Ellliv MMi Y •RMr IWWr. nC1 a >Wir4 R M QIAYI WIG fPYbnWll wn wv LIiOiN 1• t�oMM9[Wlwwl e�Ya me wig p Y®T.iW arp lr NWS . W 1 �I�o.1 i�i 1 1 '� CRA PROPERTY \/e \ P A , aA , 292 N\yS£ra\ grte7« ±ff� 22X2#2 £+2322+ &2 w»?d?dt2f i22f#2f -9 t?# ?# t tom@► #W -T« F-I'mol M rac@cpwpb.com 'ME4SURE COOST Dear Ms. Utterback- 1803 South 25tStreet, Suite 1 Eallaway & Price, lnr-. Fort Fierce, FL 34947 Rnal Estate Appraisers And Consultants 772.464,86071 772A61.0809 Fax www.callawayandprice.com Stuart 772.287.3330 Licensed Real Estiake Brokers Stephen G. Neill, Jr., MAI Please respond to the South Florida office Cert Gen RZ2400 s.neili@callawayandprice.com E -Mail. sds@cpwpb.com SOUTH FLORIDA investigation and analysis was to provide our opinion of the 1410 Park Lane South, Suite I January 5, 2016 Jupiter, FL 33458 of December 30, 2015. 561-686.0333 1561.686.3705 Fax Michael R. Slade, MAI, SRA, CRE This report has been prepared for our client and intended user, Cert Gen RZ1 16 Boynton Beach CRA. The intended use is to assist the client for mrs@cpwpb.com Theresa Utterback Stephen D. Shaw, MAI Development Services Specialist Cert Gen RZ1 192 Boynton each CRA sds@cpwpb.com 710 North Federal Highway Robert A. Callaway, MRICS Boynton each, Fl- 33435 Cert Gen RZ2461 Based upon the scope of the assignment, our investigation and rac@cpwpb.com 'ME4SURE COOST Dear Ms. Utterback- 1803 South 25tStreet, Suite 1 Fort Fierce, FL 34947 We have made an investigation and analysis of the .48 -acre 772.464,86071 772A61.0809 Fax vacant commercial property located at 222 North Federal Highway Stuart 772.287.3330 in the City of Boynton Beach, Palm Beach County, Florida. The Stephen G. Neill, Jr., MAI Subject Property will be further described both narratively and Cert Gen RZ2400 s.neili@callawayandprice.com legally within the following Appraisal Report. The purpose of this investigation and analysis was to provide our opinion of the CENTRAL FLORIDA Market Value of the Fee Simple Estate of the Subject Property as 2816 E. Robinson Street of December 30, 2015. Orlando, FL 32803 Phone (321)726-0970 This report has been prepared for our client and intended user, Fax (321)726-0384 Boynton Beach CRA. The intended use is to assist the client for internal decision making. The scope of work performed is specific Curtis L. Phillips, MAI Cert Gen RZ2085 to the needs of the intended user and the intended use. No other clp@cpmel.com use is intended, and the scope of work may not be appropriate for other uses. SPACE COAST 1146'hAvenue Based upon the scope of the assignment, our investigation and Suite 3 analysis of the information contained within this report, as well as Indialantir, FL 32903 Phone (321)726-0970 our general knowledge of real estate valuation procedures and Fax (321)726-0384 market conditions, it is our opinion that: Curtis L. Phillips, MAI CeTt Gen RZ2085 The Market Value of the clp@cpmel.com Fee Simple Estate of the Subject Property as of Vecember 30, 2015 was: $460,001 LETTER OF INTENT FROM OCEAN ONE Ms. Vivian Brooks Executive Director Boynton Beach CRA 710 N. Federa Re, Boynton Beach CRA Property for Ocean One Southeast corner of Boynton Beach Boulevard and Federal Highway ("Property") Gary 5Dunay Sconfe, MmkM Scott Backman Dwaype L Mckes-son Hope W, callioun Cbmtha Mlenki Member J0 AMm 1 .1 A residential unit and 2,675 square feet of retail mixed use project ("Project"). My client believes !I--. investing in urban redevelopment and is especially excited to work with the Boynton Beach CRA in ap L HIM= I I 11: 127111T qg1�1 ille 11111 WM brings new upscale housing downtown to the area with more disposable income for the surrounding businesses. ffi�fflq I 900JIM4111grM AMUMUMW — approval of the Boynton Beach CRA to sell its parcel to the adjacent owner. The parcels collectively highway and Boynton Beach Boulevard, Boynton Beach, Florida. Land costs for the assemblage have turned out to be far in excess of the market value of the land itself, I h C Q z 0 V 7 -- -? � I •r z � � I I�W 0 1 "! 3 X W&,-r•.rrZ• IIUV& M W11 - W rate of ten dollars. 14 5Z 4tn boa Retoo, Ft 3'34,*I" -i -�-: ti1,,J 1 1"J", s'54 13 40'P-721 1 %wwwArnbolp v-som I I'll mWT7nTMVP7-jz%;I �Tc and an aerial showing the location. MEE= 1,a SAL, 4th Strc-iL "4" k3 .< L x, � ""i 6 1 i 40, 3 v vv d ki OWV- t o, m 411i aA J 1 tt, co ilk �� �CR f f District Program 10th Ave (2 hours) Ave• 2ndhour) • to Bridge • • Beach• • tohours) Federalto SE 5th Avehours) Contracted• . ! Monday -- Friday (2 Man Crew, 6:30 -12:00) FON-1wrou •, Bus Runs: Tuesday & Thursday, 11/2 Hour - 24 stops Congress AMParks CRAT/CRA Projects/District Clean Program/Contracted Garbage Trash Collection Locations Vincent & Sons Landscapm'g Inc. 1829 Montague St Lake Worth, FI 33461 Office- 877-809-1714 LANDSCAPING AGREEMENT Proposal Submitted To: Date: March 31, 2016 City of Boynton Beach 100 E. Boynton Beach Blvd Boynton Beach, FI 33425-0310 Contract Bid N 020-2730-13/JMA Guidelines for schedule of services Rokeftio,bbfLus Job Site: CRA Street Maintenance Request- Per Map Provided Job De Option: Basic LOCATION Unit maint X 3 week CONTRACTOR Price Mon- wed-Fri Per Map Provided Vincent & Sons Landscap!ng week: ------------- Basic Maintenance Includes: trash and Litter pick up Monday-Wednesday- Friday, Trash bags (PROVIDED BY THE CITY) Litter in the Medians & ROW'S to the sidewalk edge in the surrounding areas, proper disposal of trash. This is a binding contracYAgreement for Vincent And Sons Landscaping, Inc., we will not be liable or responsible for any loss, repair or replacement of any of the above mentioned due to high winds, hail, lightning storms, heavy rains, vandalism, floods, heat construction, insect plagues or infestation, inadequate irrigation, tornadoes, hurricanes and Acts of God. The undersigned client states that they are the owners and/or agent of the above mentioned prop". Owner and/or agent give express permission to enter said property is free and clear from any hidden dangers or defects. All work will be completed in a manner according to standard practices. Contractor is not responsible for any underground utility damage. Thank you for your business and partnership with Vincent And Sons Landscaping, Inc ACCEPTANCE OF ProposallContract Client Vincent And Sons Landscaping, Inc. David Vincent — President PRINT NAME AND TITLE PRINT AEA TITLE SIGNATURE AND DATE SIGNATURE AND DATE 1829 Montague St Lake Worth, F133461 ATTACHMENT THIS AGREEMENT is made this _ day of 2016 by and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation, C!'' I 1 111 1 'UH plan ivality of life for area residents and to increase private investment within the CRE Im VVHEREAS, the elimination of slum and blighted conditions along major , 111111IF111111111 �� li� Pill ll 151 i I z 1 1111111' Ill! - I MOM= No the use of the CRA's funds to operate the District Clean Program is consistent with d the beneficial impact of the District Clean Program, the CRA finds that this funding 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. h 4 OM2346-1 1 1N4 71T M00110MITMI I M -M MW or$ "t-111TOIRIVRIMIM written request from the CITY for reimbursement, which request shall include necessary =4 I MMT -T � M141 3. Such garbage and material waste collection shall take place within "I .1-03194MI =M 4. The term of this Agreement shall commence upon execution by both N F I I R BOOK I' K I I , pill I r-iot be responsible to reimburse the CITY for any requests submitted after tIT Ii pill , III I 111 11 11IFTINWil �OIVM "IMMENJIMP-1 I I & V! 1111 � IMIM I I MRI V 3 1 -5. Upon the termination of this Agreement, the CRA shall no longer be = �MKMU�M: MWOM���MMEM 7. No prior or present agreements or representations with regard to any I II; 11!�111111, R111I1 I'l I �l�ll�flF 11 1 1 1 1 .. - - .. - 23=. 00642346-1 2 8. 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 9. 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. 10. This Agreement shall not be valid until signed by the Mayor and the City 0 --j-- Approved as to Form: 0. I$ Its Al awmmmty BOYNTONBEACH COMMUNITY Ln OW42346-1 3 Steven B. Grant, Chair \\E\ "432 f{\§#?«} ,;Peacre <. 13th Ave to 2nd Ave (I §#«r ( Ocean ?>=2<w°<fo Bridge (I hour) i#>«<«n twat§ Blvd ©©rasion to 195 hour 7ecleral2°° Marina Way to?( » Iv*( §#Ur /« 222Q 22f k f 7r\< d 7L off *}« C {}# #»11:11111 1 iiii _?.?§ V? »»? <.III »;2« 2;#, ` #2fv?d+22 ICP Jaycee � } < Meadows Barrier Fre.-- Uj CluAdvivoryftatmeeft Thmday,April 7,20 16 {} 6:60 pm n a # i.l h,1 +1-1111,.1 IV. Consent. y 1 al ,: 1 r; 1:f . VII. Now Business: ♦tt t 1 a� ,., r' y R B. Development «' a ea 1 One Developmat 222 N. 11' ifl C. Now ►sm1 " "1; ' SMF:. '«R h r'; '„ 1532 S. F .,. Highway RM Wilill.1,11 I'llillillillill�illillilill WMIM =-U*AMMI MLZMWT�-T �A� W i M. W. 07 Mr, -MM' MMIMV-40?1��72 T�X M ftWe Agenda Items: AWA#T�N4VKO *;;)Pk INV, 6 4, *A4 C. MINUTES OF THE CRA ADVISORY BOARD MEETING CHAMBERS AT CITY HALL BOYNTON BEACH, FLORIDA BLVD., HELD ON THURSDAY, MARCH 3, 2016, AT 6.00 P.M. Linda Cross, Robert Pollock, Vice Chair James 4 t Brian Edwards Services Paula Thomas Christina Romelus III 1. Call to Order } Vivian Brooks, # Simon,Michael • a Theresa Utterback, CRA Development specialist portion budget Board can acclimate and educate themselves on those fund,down into the particulars. The project budget and general fund budget YWAII explaining the origin and allocation of money, debt services, general fund vs, proje budget p' i e # s'�June, i r ori laud discussed. monies.Chair Cross recommended holding Ms. Malley's idea pending the discussion at the neig Board meeting. She wanted to make sure they understand the current management the # motion. Meeting Minutes CRAAdvlsory Board Boynton Beach, Florida March 3,2016 B. Adoption of the Agenda Motion made by Mr. Edwards, seconded by Ms. Romelus, to adopt the agenda. In M voice vote, the mobon passed unanimously. 0 IV. Consent: Motion made by Mr Edwards, seconded by Vice Chair Pollock, to approve the minul as presented. Hearing no opposition, the motion carried. A. Adoption of Roberes Rules of Order A. Review of 'CRA Demagraphics K Meeting minutesBoard Boynton each, Florida March3., 2016 Taxablelow on r and condodriving need behind obtaining new investments in the CRA. miniums, ! '4that it is also Important to diversity the economyand attract higher -paying f# f the downtown # they currently have too much retail on the Congress Corridor, and large stores are closing. Uvable-wage jobs are extremely important, but almost impossible to develop In the CRA at this point. Most jobs 4. $8.00 . per f Vice Chair Pollock t # confirmed # people i o live In Boyntonbetter paying jobs elsewhere. There Is the need to bring in industrialjobs and encourage tourism. Brooksf .,. f there is a need for a hotel in the Clty� and they have invested money in the Marina as a touristIf If `R up marketing with "Discover the Palm Beaches' and 'Visit Florida." She mentioned they need to improve the appearance on ! 'ral Highway coming into BoyntonDecisionsf b the CRA have to lbcus on ! the taxable of the area for the future. Edwards # ; - #' that his biggest concern is havinf affordable homesfor the individuals who live here. He also said the minority population is growing and will create increasing health care issues. VIIII. Now Business A. Overview of Adopted CRA Plans ifis. Brooks gave a PowerPoint preaeritation that provided an overview of th--p redevelopment plans - past, present, and future. The presentation highlights include: * Original CRA area — downtown core (1984) • Main goals included higher buildings, pedestrian areas, visua' attractiveness • # use regulations,parking, madna use, utilities, neighborhood impac, regulations, major• Three projects: Waterfront park f}' project(became Village) * Hotel * Marina project * Flexibility was needed and GRA expanded to 1660 acres with 20ffA Redevelopment Master Plan (1998) ! Main goals # # positive r 4 and public # F, parks, community fi 4 commercial Yr f downtown redevelopment, revitalizationof Boynton), ! transportation needs and linkages, public involvement, implementation 0 ., =: FloridaMeeting Minutes Boynton Beach, u � u m Meeting Minutes is 'y Board ,joXn in 11 ach, FILd, m Meeting Minutes CRA Advisory Board Boynton Beach, Florida March 3,2016 o Planned oomph3tion by summer of 2016 Ms. Brooks said the major goals from Plan I to the present have not changed th much. 9 Ms. Melley announced the Community Caring Center vAll be hosting its Second Annu Hunger Run and Walk on March 6, 2016. She said the CRA and City have been ve thl supportive, and she encouraged all to register for it. Ms. Romelufir, commended neighborhood police and firemen for their support. m r '11 z I �h A, lso suggested were the fbilowing.- o Interlocal agreements o Grant from Solid Wasts Authority ($62,000) to demolish the old Sims barbershop building, install grass, spruce up Public Works site (landscaping, fencing, etc.), and more Vill. Public Comments City Commissioner Joe Casello thanked the Advisory Board 1br if service. Meeting Minutes CRA Advisory o � , 1 rl 1X Future Agenda Items FinanceA. Overview of CRA 1 money come from and where does It go? X. AdJournment '�t '� � �� :r- �,� � ;.fir ��� � �- • _t a � -� � , • 111 - ,.. .. 0 F-ITICA 11PL11 "A }M 2}4\id ±>v*+2±+ » ±} 2»+f+± a!2 ¥« 1 IM,§+?= f7-11111 SUMMARY: March >: Advisory Board . . . CRA :<*.?#<¢ =»± 2 r Ioa Member me CRA #2 SV�� � , . questions regard?± »f& G v. « «> v«¥ Marketing. Email,responses and documentation attached, Susan Harris Finance D rector L*f © \ \} \} CRA AWSORY BOARD MEETING OF: April 7,2.016 JECT: Monthly Budget-Fo' SUMMARY: Monthly budget report representing the revenues and expenses fbr the month di. March 31, 2016. FISCAL IMPACT:lo ..a on Only CRA PLAN, PROGRAM ' iv. 7tR' 'a PROJECT: Plans RECOMMENDATIONS:_ Susan Hards Finance Director A in J MOVESMO�� ,.61) Tom FAVWMES Im.419_60a 2,104.22) 9,936,7241.37 0.00 402,868AS 4.63 I=aLAITM 27 100 21 We sal.92 a 098A2 'T,025 71, 19,976.17 73.71 A2"Mwx0MMTrw R 813 '813 2-t,690.77 in 213AS 0 at 133,50.14 59.62 rxmw= 202,M 202,067 u,=2.36 29,526 41) 0.00 112,ffnsl 39.19 MIRMIUMMO 122 475 m 473 0.00 =,202:62 0.00 25,199,32 20.39 VACUMIXOMM, SERVICBe 262:000 262,000 14, OW, 20 61,605-12 ff7,790.00 132,344.00 50.51 WL&VINXM = fas 120,625 6,495.52 31,794.50 1100 52,910.50 37.89 kvwxm 1,10,000 1,100,000 ad , 270.16 322,835.00 S,IM25 770,27C73 Me$ cuwbmWxcxw=m a w9cmmw so, "a so , see 11201.37 19,025.92 16,124.64 24,417,48 Al.ou CuRrmlowwr Im'suc 109,000 2.00 0.00 P-00 I.D0,000AG, 100.09 wauvs= ill 2fil ill 101 9 672 71 to 011.27 0 00 61,X07 73 so go BENC31L *9zmn 172C 41910:14 36 206.42 a 00 MMM BZRVX= 2,142,519 2,142,510 0.00 2,14R,516.00 0.00 0 Go 0.00 TOM 4 -:. in 3-25-2016 03-.25 r,4 77 --TAF= rd LV mxcxm Awarm MDOMT T&RU-M-DAM to= tommCloomam xmxw RMAMMO NVIDGET HOMT AMIMT MIAMI Ivemomm RaZAME ammaram ............................. ............. omm N=Mlmc 9*UA= 9 31s,695 0 319 593 0.00 0 604 619.06 DAG ( 295 021 002 Ms- 6#3 s - 000 100 000 0.00 48 0 a DO 51,592.00 51.59 1,000000 1,000000 0.00 27970::4"3 0:00 727,293.57 72.73 0 0 2 298-611)( 865.04) 0.00 863.04 OM --- 17 -Urt) 0 0 1,155,565 —2299.6L) --- 3-2-0-,-219-30 ------- M Aer 0.89 0 0.00 3 217 00 0.00 c 31327.902 0.00 WR —9 -----D-gd 17.90---ff 0-0 RIVEMEM NZFMM=W= KVRMT 9 0101, 2016 o1 r p x 0 xwmm. R w s f s� i, �.� z 4 i i µ y,? e 4 47. e7 R H6,3006,500 674,24 7 __ 2.32 701-3101"25 AM= MMTnW & ZAH3MR 10,750 20,750 0.00 814.03 0.00 9193S17 22.49 01-wSIGIV-227 MMTMY =M=2 400 400 20.45 0.00 23d. 55 58.64 summs e1 -s o -n s 01-51010-340 =Z=Al MVRS 202" napnzzs 730 750 OAC .00 0.00 442.0A 51.60 1 20® 1 200 0.00 101.49 0.00 1,098.27 91,51 m9 , i19.f3 - 0.00 1,230.57 90.0 27,1.00 27.100 021.42 4,096.12 9,026.71 19,476.17 71.71 in 3-25-2016 03:25 29 RQMR2W BZRM CPA alv,w= & axpxNm-mam AUMI IMUMIMM) An cr- wu= 3122, 2018 al -QMUMAL rum mamd7xxsTpmxu off COXOMIA ANZN= adcumIm 2zha-20-3als LVM lau=MCMEM muomw EMPARTHWAIL MZNMIIVM SOM12 BUIDGM xcmxviw RRIMCE Ewcummom BOA" amazaam FARSOMM mmmen 01-52230-100 M3CMZL oxvxcns 229,209 229,488 17,637.56 I.U,392.00 O.OQ 117,896.20 ". 41 01-BL230-115 CLU ALWWa= t,2=�200 3,000 230.76 I'Am.70 -9-0 0,06 Ai A -W.-30 D,465.50-Tf-n 523i TOM RRRACIMM SMMCNS n2 COKOWT SSW "MMM,25 AR=ftMDM E SUMEM 7,800 7,000 00 6,652.63 0.0 0 832.63) 10. 92� 01-51230-226 HMM=EIP DMS 5,295 5,215 310.00 4,279.00 0.9c 19.04 01-51230-227 MMXVM MMVNU 750 730 0.00 53.16 0.00 06.02 92.91 01--slao-no MRZZR =T=pjmT 10 DUO 10 SOO 2,978.30 6- - a I DO 111! 1112 11,1 PUs="=/C=MM amv OT -=o -mo amcz smums 3,OGC 3,000 278.61 1,044.51 0,00 1,955.4 65Ae O'l-S1216-31S PCOTACK 2,500 g'soo 123.00 007.09 0. Do 1,692.91 67.72 01-51230-340 CZUAMAR rncmzs 2,160 2,160 173.34 854.07 DA0 1,30.93 60.46 ol-31230-JIM iXm9CRZVZXCW sso 6" 05.00 99.00 MID E35.00 04.22 01-51230-360 IQ= & RMICAIMM Boo SooCou - ------- ---- 0.00 0-00 - 500.00 - 100.00 -- -r 4 TO%M BWPLMS 917DO 8,790 5 6-9-.9T 7-�FW 6-7 0.00 9,999.33 12 - 0 Z= COSTS 21000 2,000 0.00 0.00 0.00 2.0' 2 -Ir "." To= CAPIMM zxpmmzTmo 2, ON ------- 0'. -0.40 2,. .66 wo. UT a Awma WAt AMMTBMTZVZ 267,813 267,313 21,690.77 IM,213.66 O.aO 233'6po.14 5QA3 DODXTM MCH CAL Novo= m3pjNmmma XFXsT (GINNOUX25m) AS OF; UNWIN WAT, 2016 al. -SMEMUZ FUND WIMMUM an, cazcznn Absymm MIT 7MR-IM-D&TA WIML ramirmIRM laxnawr MMMUMWAL ZZWEMITMA 2vzmw SMUT AcTzmT WAN= ammAmam xhlaxcz JENMR219aw FMCBM AIARVXCAN TEMUM-1300"Comm ammRs 1 --ftKaff 179 ZV 1'75 267 13 552 27 14 DOD 01 0, DO 3,06 up ff"M 32�31 -Trrz Tom TAUCK= awncu ymwwAwfcQwnw= omv U -M �-200 x=mm 250 250 0.00 175.00 0.00 ?S�GD 30.00 01-U=5-201 EWE FM IACO 1,000 257.73 1,41T.9i 0.00 41792) 41,7V 02-SLS25-223 ABWO. mmmmm a gsmCMX 10sw 10,500 37.22 402.57 0.40 10,096.43 3S.2s 01 -5132E -=o HKMKPAsrp CURB an BID 0.00 150.00 0.00 670 AD 01.71 01-51225-227 DIXAMM COSTS 500- Soo 69.97 117 47 0.00 S82.93 76.51 01-5;L325-220 cwmm DZVUMM=T 5,000 0.00 -391,9S a.80 00 DOD go L- -- A, IN a -I lww TG=L sum IB, U70 263-96 oviviams OVEM-210 omet am-FL=s 21000 2,RDQ i 17. us "9.01 0.00 I'Wsoqq WAS 01-51=5-340 CZMMAR pu=m 2,440 1,440 102,56 MI. To 0.00 668.30 SOAP 01-31323-236 Woummaffs 1,200 1,300 0.013 899.3a D.00 401130 30.85 no= C. 2MEMMUM 700 700 42,39 01. vi 0.00 619.99 ".30 02-5me-ses w3mcm simum 005TS 300 300 0100 0.09 0.00 JUM0 100.00 MML unnImm CLWXUx gzpmwz7am UPIM313MM-2-onihm coan 1 300 1 Soo 0.00 0.00 0.00 LLS 100.211 Taub CWT%hL xxpmzvisw ---t WE -0.09 -0000 1,500.00 100,00 tomm rmmwm 202,067 202,067 14,162.50 00,526AP ae113'swsl Id. 19 10 .4-25-2016 02-.25 IN BOYNTOR orms EW-kl pmvmmz zxmuu)rrjmo Z&VORT ftughmxxlb} As or- mm= 31M, 2016 01 -OW40214 AM XMIUMARM A OF oncrnm ADUUMCD "Wiffily YBAR-M-DATE WMWL IRUMMOOMM SXMQn MWARUMMMRL INIUMMORTJ NUUM Human ACTMTY ZMASM IMCCIAMMM RXLRNCN RIMPLINIM MDJCCWMWE alm - 1116-223 128 9.73 120 475 0.00 102 262.89 0.00 26 142.92 20.31 TOM vWkenm/commaxam 8MV -0-00 r x092 .9 TOTAL INUUMAIKM 128,475 120,475 0.00 102,202.68 0.00 26,192.32 20.39 IM 3-23-2016 03.25 M BOYN" RIAM cma JOVE= S ERPMIVAM mapom 4mmmx=) AS CV- MIM 319T, 2516 01 -QTRENIL RUND MMMBITML MMUMB 52 01-91429-204 CITT sm" cam TWML NMEMV/cowzRam MW4 132,344.89 JOAL TOM Sv9vv&vxcHhL EZRAr=s 20,00 262,000 24,050.20 el'amn 67 760, OD 132,36CE8 50.11 52 DI -92MV4 VMRD FEARIN33KM OF mTamxv� WERIMMAIDI WINIMMI Trax-TO-CAM TMAL Immmulsomn) BMMT DUARMNICKIM 922MITMB SOOMST RMIMT AETXV= PMOMUM RKINMOZI 6Vj--6:R37-33v ;F�-- UWXCMS 101,275, 101 279 7 790 42 46,800.67 —04 0.00 —0,00 52 474.32 51, 51. TOM& 29PAMMUM rxmcza a a 7 , OCIRTACT BMW JLaWJL;. HOW2=9 & 0. Go 3,343.22 go. 01-51440-2245 NKHMMMM DUM 2, LOO 21100 30.00 0.00 2,06.00 07. DI -51440-227 =ZVIGa MMVMM 300 Soo 0.00 $4.54 0.00 245.46 Ga - 91 -51490-22P CWO= DRYMOMM" 4 Soo 4 so 000 410.00 0.00 3 $so 00 Mr.W 90. TorAL fmtcmm�cmrnam AIRW SOMMS FI--SIAAQ-310 OffnZZ MM--IZB 1,500 1,500 117.95 0.00 001,02 91-31440-340 C=uw nme "D goo 92.01 24A 44 0.00 655.96 72. 03-15J."o-ass 9wI8=rYXCW 1,700 1,700 0.60 0.0t; 0.00 1,70OX0 oi-SIA40-360 nuuM F. MBLXCLTICM 300 3DO clap 3.29 0.00 29COI Do., 03.-53A40-363 off= PPMMM OWLS a son 2 SDO 1.0.50 ------ 145.50 0.00 93-W- c"Im 9RDANWITM# - CRIMPUMMON a Man 110,695 120,693 8,495.32 51,794.50 0.00 60,910.50 57.0-9 W1 Tom auzszavw a YRONSM 474,000 474,000 24,297 94 142,903.86 34,109.89 295,906.48 62 56 m a Sao a" 74 2 039.26 72.25 75:000 UD 010, 744:15 a -DO -14,259.BS RIP ol 01 3162D-208 MNZn OF CMCNY 91 , coo 92 , and 7,120 . 42 40,679 = 0.00 42 , 520.98 46:73 01-61620-208 SOMMIONT %XASM 19,500 is , 50 0 1,441�64 0,332 94 6,240 ' 10 6 , 916.100 d as . o 01-51620-2D& PROPIRWk molmITEMI =02 225,000 235,00 0 13,333.01 77,323 2s 27,061.50 129,742.21 55 . 21 01-52620-224 ISMthdIs --lik TOMAL F=Qm=/CCFM?ACr M10 - 20 a r LO 5 411 1-5 9 0 . 0 0. 1 17,55.50 137.79 amor 22,465.95 XLGVLM 01-51620-325 ZLBMM=vr COUTS 15,000 ls,000 310.67 3,230. Be 0.00 IL761.12 70.41 DI -51020-329 VATER ClOOKOW _13 M o" 1%2V'l3r 2 00 11.680.66 77 92 143= VVI SM 0.00 23,440.03 78".1 Tom auzszavw a YRONSM 474,000 474,000 24,297 94 142,903.86 34,109.89 295,906.48 62 56 3-29-2016 03!29 TM Doxffm SUM CPA FXYrM z2pmmx7me UNDORM M4120=200) AS Or- NPA= 310T, 2016 01 -GRARRAL Sum MIUMM % CM, calazoAl, xvmmm HmrAmT TZF.R-To-ra= TOM UNSUCLIMMM MMORT ammmm Mma" ALVIQ= UNIMM mwcmaMx= ALMINCE ljmm� BMW BOO goo 0.00 454.00 0.00 M.00 23.00 01-31610-,200 PRORMTr HLUFAMUMM 23,905 23, Be$ 3, 8.0C 9,169,48 5,19D.23 8, 5.27 99.69 O1- 63045 WaLm rum buduammum 171,435 171,435 14,286.25 95,717.30 0.60 95.717,50 50 -OD 01-51920-249 309= rWM 6TAN= OV= to 360 28,360 1 490 35 9 397.70 0.00 18,962.30 —1-13,33rff 66.95 -TM TOM FUMMUNCORTURCT Smv 2-24,290 19,40 e8 6,190.25 FORMLzme 01- 0-310 cmmcx sbpplazo 1,000 1,000 0.60 212.74 OM 757.26 75.73 0191680-325 2MHCTSZ0 COSTS 9,120 91120 426.31 3,100.62 O.Du 6,019.48 66.00 01-51630-325 IRTM COTO 3,400 3,600 392.66 2,QV2,64 0.00 1,897.3.6 44 ,57 01-51630-327 GANCUM Z MM=R= SWL DO 850,000 850,000 43,55935 2W300-76 0.00 640,691.24 75.30 01-51520-328 MUL= DXZSAM ZMAS 12,600 487.13 31445.66 0. DO "' 354. 71.29 71.29 TOTAL auppmns MIT= ZZYMMINIMUMPS 875,720 _12,090 e75,720 ---T4—,BrA66 --70-,CW.M 1""arl.8 --w.w lay" WaRum 1,100,000 1,100,000 $9,270.26 322,835.00 6,190.25 170,074.75 7D.09 3-25-2025 03E25 NM BOYPNN B&NOR cm YMD CxkrAn=CLVXGM a Mm&= M, toy CMtMMI.Cmumml SOMM MOMMMINTAL XXVZPMXMMG gumv MMOST ACTIVITS mmu UNIMAMM MWAM 2mmgm TVM�� XXIMMUM 0l000 3,000 0.00 1,200.00 Mo L200.00 60.08 01-5165"10 C=r XT owpm 29.000 25,000 0.00 2, .64 16,129.64 2,04C72 7.86 01-51 1s OMMUM MorMaM A LT C= 3'sm 3,500 0.D0 5".99 a -Do 2,960.01 02.65 01-rAM-212 YnUMCM 20simm kdL== 9,500 alsoo 0.00 2910 00 DM 6 SM Do 68.74 POSIAMM/CONOACT BERV 42,000 42,000 Z 34. aupscim 0` 0-330 =zmpgmwx Lnms ------ 8 560 6&560 401.40 2,537.61 0.00 6422.39 70.36 WAL s NEED 6,550 —46I.40 —0,00 Urn 026 Q=ML jummsol2mmv 61-:b�llzo �A=� OMB 910-00 719.97 3 670.64 D-00 5�120.36 SG�Rq vcmm CAPZTAL zxpx=m%wS plose --p-LO-00 9,000 A Mi ­-77ro 6p ,9-1-9-03 MMMLX81 6 fl 59® 59,660 1,201.27 39AlB." 26,126.64 24,417.6@ 41.00 M, 100 DOD 100,000 0.00 0.00 0.00. — 100 000,00 Do 100.00 --rN D.00 fot—;�;; —ro-090 100,000 100,000 0.00 0.00 0.00 100,000.00 .100.00 m 3-25-2016 03.25 rA BOMNM MELCH CRL varimm & WOWID22um4 =Dmm f!P&vbmWw) AS Of e Wd= 314w, 2016 Ol -*KEMAL FM basim7mm 4 w carjTML Awamm WAMM.1 MAU-W-DLw zcwn Wmamm=0 wzmT 3 ..... . . . . . ......... mmmw W11=11 A=717E ZL%Mm M947,AGEMM W.%Vn Alk2um= pmmem gmmn=g . ............... nwz= as 600 so 405 A 102 «NO 37 IN is 0 ,00 30 821.22 =.77 SOAL PBROVEEM R22ffTm 01-16AVrna=nn a TO =71 0800 6,000 0.00 223.00 0.00 3,715.00 96.29 01 -574W -2U AMML RUGM a WADOMOD 5,200 5,000 0.00 11604.06 0.00 3,305.64 C7. 90 01-5740"2a AWCC. =WPnW & VXWXUR 6,273 6,275 139.26 331.73 0.00 5,943,21 94.71 01-57400-226 NoasaRmar =Ms 5,100 31 1,725.00 4, 0m00 0.00 800.00 15.68 01-57400-227 m=vzar =m=C= 4,000 4,000 0.00 0.00 0.00 4,000.00 100.09 01-37400-229 c&Fj= DavW43WWft 1,660 1,000 0.00 0®00 0.00 1,400.00 1.00.00 01-57400-235 P5DW=WffX / V=SW WML rmumm/ccump= Is000 ri000 d OR is ---------- -----W-300.00 rim 11 500.00 --- TFLm-ff 0.00 31400.00 22.51 --N-ff All; 01 -574& -sin cmcz ammmXES I'sm 1,500 117.63 551.05 0.00 848.15 56.60 01-57&00-340 CRELWAR puma 720 720 60.00 Sm. go 0.00 380.00 50.00 01-57400-3S5 gummum2 1,000 %,040 9.00 407.3.9 0.00 592A6 09.27 01-37400-2" BO= a mm7ms no 300, 0.00 0.00 0.00 300.00 im.00 01-57400-303a UMCK wmtznml com -------- 6 o On0 NU 00 --------- =- U ------- 2,137 . 0 0 - 2 30 17 0 ------ 1A.33-0 ---------- 0.00 S,X63.00 52�72 20M Scomm I'm HER a 'M N MWT 202m UZZUTM Lllplol 111,101 9,671.71 49,903.27 0.00 61,197.73 59.09 m AN 0 0%. -somm FM BrZL7&L Zymms k ce mucrim AHMED fm3mMT Tam-m-DUS TOM VNIrMamm NUML, MWARIbuluvw- mmmimus sumcm SUDGIT ACTXnTr B&tu= INLOWNERM smamm sumbuWame ywomm NXRVZM,s OL -57500-100 MWaRM ,o -IN ME 46 350 3 sot so 21,13&20 0.00 -0-co TO= NZRBCNMM szwztxs , 16,35U PDROmm/eMARM BIRV s BAKMOM 5,300 5,:pDO IW.DD s,iss.53 0.00 2, IA3.47 40.44 DI -57500-225 WOOMMMY DUZ8 $00 Soo 0.00 450.00 0.00 50.00 10.00 01-57500-220 CRIUCER DEVILONONT 1. Sao 1,000 -7,800 0.00 0.00 4100 -0-00 1 Soo co 10C.00 TothL FWAQKWw1rcm%mwT OEM 7,100 Mnrse 0--mo-310 WTIcs sumiss 1,500 1,500 117 64 7C6.05 0.00 793.95 B2.93 DI -57500-340 0MUMAR 79=5 720 72C 60.00 360.00 0.00 300-00 bo -ac 01-57MO-355 s=Bcmx2TmB 250 250 0.00 0.00 0.00 MAD 10040 01-57500-360 5*= 9 IVULXCLIICM 300 EDO -2,770 0.00 64 6.00 ---rTa-a 0100 -00.00 SDO.00 ---T,-rO3 -.9 5 100.00 _W7.157 Vom RUPPLUS GREI'M ol-37500-400 ZQUXrAM COSM 20 000 20,000 --25- 1 002 43 9 697 57 0.02 10 302.43 51.51 --st- wm*l CUXTA14 2XV=Wmms Mao r 1302.43 . ra T02RL AmcxhL IVAM 76,720 76,720 9,910.46 36,206.43 0.00 40,313.57 32.81 EZ monmm 2NAM =a RMVMM= 6 ZUMMXMYM RIVCRT IUMMnMMD) AS OF.' NOWN 3i T, 2016 m MUNCIML 01-59000-152 MDXCWM 37,916 37,912 2,01C76 in, 207 93 0.00 19,710.07 32- 01 -8000 -las puzzmamm rLm 403.(&) 0,176 222,313 0,174 223,21H 639.47 I,qmv.off 0.00 1,178,94 go -42 %= am= Ono zmguvANCS 3,wo 3, BDO 0.00 321fto.00 0.00 90,403.00 73.31 86.400 B6,400 1,891.13 6,677.12 1,491.13 38,812.72 0.00 11600.85 0.97 01-590m-lss DmRzRL =00p"m 3,640 3,040 24239 1,456.92 0.00 DAD 27,580.28 32..92 01-592"-2z,7 Lmm 3wRMLVWz PGD M WSP 21303.00 62.05 01-53060-158 SNORT / ima Ono DmsmzL 2. eas 2,335 206A7 2WI.55 D.00 660.45 0. rA3 01-59UGG-159 UAmwz0bwT CKDAME 10,800 19,00D 0.00 2,=3.77 0.00 Mo i,S22.23 53-66 01-SOM-260 vzazcw nTEMWA= 406 400 2U.00 0.00 16,0DO.00 100�00 81-59300-161 GCNPRMkTmm Answome 35 000 To2fil vxaacm= samems 35 coo 0.00 175.16 0.00 0.00 0.00 304.94 doo ad -'-; 63.51 100.00 3!eZ-;--f nz6a= 313,422 12,960.68 IL9,094.26 Q.DD 194,267.74 92.91 m -1-23-2019 Oa -M IN BDZNTM BE&= CRL xcvmm oxmwxwmm ANDOIT (MUMIZIM) AS or- HSA= 21oM, 2016 al -ammmuz Im DKOM asavxcm OVEM Imam= =6 wr To mm uwm 2Lm53-9 2 142 516 0.00 2A42,510.00 OM 0.00 0.00 TOTAL OHM WIMM300 UMS 2,142,519 --t1x2XI; -0.00 2,162, 18.0 -0.00 0 0.00 MML CUT MMCM 2,t42,&'G 2,IA2,913 0.00 2,io.320-Do 0.00 0.00 0.00 3-25-M16 03;25 somm Balm CRA RZVBM a KmrAmxzmmm RVPM vmuwxm� AN CV. MRPjM 316&II, 2016 01 -OMIML rM 2malgam UUT & or CFAZgZF4m KHMSM UMMY %0M. MWARMAMIMM nuou" CAMMMUM amm17mv MTXX= SUMIT AmmTr INETAPM zwmnduz= 790AM JUMRAMMM R CZM' um um r-umm%-zrun.mmrmm WARNSYM WT 5 10,94 In 5 034122 ID�IDO 5 ON 122 OD 0.00 1.00 0.00 --ka-M&M -15TI-e-fil '- I -FIR --tw 9.00 --ru TOML DumvIRMTO.MG UNS 21 -ffritm-0 TOZIAL WHAUMMR an 3,034,122 5,034,122 0.00 6,034, .00 0.00 0.00 0.00 am momw3muss la,10,419,593 176,291.86 0,207,369A9 127,222.26 1,905,011.27 Ia. as pxwzmm ovw(umml mGmwnm=B 0 1: ( 176,399.203 1,629,354.92 ( 127,212.201( 1,002,142.6d) 0.00 ME 3-25-2019 03:25 RM zoyz2w BRACE cm Fzyzpm a WM=XTMM BXWME cum=TZD9 AS M U*R= SLOT, 2016 02 -PVAMZS AMMU) 9—_amr or CRxMzw%L AWMIUM KMM TIMIX-ro-OLIX 209= ZRIMICUMMUam BLMQW MUDMT 3AMOST pmrzv= RUMM IMUCLIMMUM BRTJEM PjamMum Fammmm Bubo"Off WOMMMS a AVANT Zscom 0 0 0.00 20,764.51 a.ac ( 20,764.41) 0.00 MWASINEW ENOME0 0 0.00 3,726027 0.00 1 3,726.271 0.00 mmear.LAVAMD a 100.DC 801.03 Ma ( 201.031 0.00 MWOR wxmmnqa BOURCMI 7[6362,192 7,612, O.002.00 -0-02,d78,D60.00 33.97 WOMRL ANIVAMMUS 7,6,i 7,G12,182 400.00 5,067,413.91 0.00 2,544,760.09 33.43 EVISOWIMM OURROM ormwmxm XXXXNBM 1,028,22.0 1,026,2" 14,2D8.29 45,629.91 6,000.00 976. 1.09 MAO M1zu. ounm 3,701,972 3,791,072 24,306.52 356,497.23 224,750.00 3,201,724.77 84.39 mocm=c CZYMORMOM 2.D32,000 2,032,000 642,373.25 753,441.75 B7,253.75 1,X91. 4,60 38.63 RFAW=o AM PROGRAM I"— to—On ..a 512.93 407�130.7 223,3M.00 120 326.27 7.04 L— WMAL =MMITUMS 7,612,182 7,612,182 699,402AD 1,565.708. 62 541,338-73 M,505,&36.43 72.32 PXVNNMB oVBR/ (tvmxa) ZXFXMDITUMB a 0 1 699,302.99) 3,SDI,707.20 ( 541,338-I61t 2,460,368,34) 0.00 ME rA or cammaz ALIPM= KOFMT =a -20 --Mm Mm 'UTAMYAawm NAM'S kxvPnit$ xmxm NOLIG" 40TI.rdxrr XUATM fflmcmmuml.� AMANCS IMMINnn Nse2mvizm 9 Mm Excum mmm Mm lmsTXVALB a ZVAMT xWma 0 0,00 28 7" 61 0.90 a 000 3x729.27 0.00 0.00 a 0 —0-00 3,721.271 IN 801.03 0.00 ( BOIIDJ) 0.00 —010 1-801,03, --vo—O OMM 2339ACnFQ BOURMS 6 2.370,050 2,378,060 0.00 0.00 OAD 2,578,06ma lwoo 02-42WJ0ism=FBRN = 5034 122 5 034 122 0.00 5 034 122 00 0.90 0.00 OAD WOM OT9SR TZMUMM SOM=2 —M-4-fiff-XTIFITUM so MW mnvmms 2,344,75,49 32.43 Im 3-25-2016 03,28 SK sanum M&M ah, lavimm A xxviziewma AMPURV (MMTM) As or: WRAM 31", Wals 02 -VAWNW8 MAM ONZRMM sxwj2u= or URXQIZML Alone= B109THLY run -10-=19 WahL m=Lubisssw EMOM DIM9MMENMAL 13mmomomm =am* SUDGM Ac-,Xv= PRIAM mumnosm axamcm MOM= Me WqPMHE 100,000 100,000 0.00 0.00 0.00 100,000.DO LO0.00 02-SBIGO-203 CONTRACTURM LUMM 767,21D 767,210 6, m. so 18rSSM-61 0.00 740,544.32 ". 57 !A -Y 9=7 XZFMM 11,000 I:L, 000 1,000.00 3,000-00 6,000.430 2,000.00 19.18 02-39100-213 LEG" TONS ISO 000 ISO 090 '22. E.E1,771,71 23 963 23 45, L628!91 0.00 -6,000-00 126,036.77 976,561-09 64.02 94-90 I-02fil, MCK&MICMUMPOT MW 1,629,210 1,026, La 219 TMAL OPWATM xxpzntza 1,02a,23.0 1,026,21C 14,20C29 45,629.91 6,000.00 '976,581.09 94.90 m 3-23-2016 03,25 ru DOMON 9== Om RWAMM & ZIMMX74nm 3=MT CLWALMWYM; 02 -910=25 mM AS OF.- kld= 33A6", 2016 MrxnL Cmay m Vm6mm"ro 011,02211, Im 02-98fto-402 rApAov2w=4 7B,822 70,822 0.00 60,036.00 0.00 18,785.00 23.83 =-SMOD-404 OOKSTMWIM 335 MOMMIM 2,025,065 2,025,863 23,059.52 171,840.93 .2,750.00 1,631,274.07 91.3a D2-SOIDID-405 11= W= Am rja=xzcv lao'eve 100,000 250.00 4,070.30 20,000.00 75,020.70 75.92 02-sago"DO MURL62MMU= MD STMET NOUL =21TAL XmwmrTLv�" 790 000 2 7 30 000 91,972 41 165.00 4 495-00 OUD.00 00 423'30.5:7 .47 ... .................................. 308.5,2 359�,47.23 84_39 TOUL C"Zz= our"T 3,791,972 3,791,972 24,309.52 339,497,23 224,750.00 3,207,724,77 84.59 m 3-25-2016 03;25 Bld 207mm oncz mu imvw= s XOMM.-rims ERPME l AS Qff� Nhk= 31BT, 2016 02 -PA=Cr& NTW somfom CaVELONOW 5Ta illillimilliq Pill iiiiiiiiii PP!1111111 qpi� -------------- mwmcpamm ORM 650,000 1530,000 7,422.75 42,6".23 87,2B3.75 520,052.02 02--59"0-445 390032= 2NCMTIVX-n WOUL CIPXTn zzmwzmm ld2 000 342 000 379.50 —wrm-R. —7573"MAB 000 W617.48 46.35 07,253.75 J.'J.917TV-470 To= Weallmm DRVELONOWT 2,032,000 2,032,000 642,373.25 7r,3,441.75 97,253.75 1,191,3434,BG 5Ta 02 -NVDMWM rao lopimm mm VACQUAM DONUTCK Rahm CRA REVAM A RXPM=TOM RZIUM t0XRWX2W) AS GFs KUM 3182, 2015 % or oazarAM XMaw= MAL UNIUMMIPM wimp effluambammn Ma=wZr4m RuDam zmmT A=XVI M BLIAM MMMUIRM ARLAM ArAhn"m cavmm PUREMMOMS vmx=m maom 200,006 200.000 42.00 26,707.00 03,325A0 t 62.60) 0xz- 02-50500-47D OMWM= BMPMW PWMwT 250,000 250,000 0.00 0.00 50,060.06 100,000.00 66.67 92-SKM-"O OMSUARM MCXaL ZVMM M am X10®606 0 X70®02 380 431 73 5.00 29,690-27 7.21 7, TVML apdpzthL lowmxrulm 766,000 a79 2 r 3,233.00 U6.526.27 --=Od Tom lv4m=e mm VEMCPAM 760,000 760,800 0,912.93 607® LW. 73 223,335.00 129,529.27 17.04 IM 3-25-2016 03.,25 IN somrmv axwx Cah PZVRNM a zxmwxwFzs mamm (OLMTM) As cp; umm 31&V, 2016 02 -PAwmagn BMW TRUMMR OM - ABOAT TPA i err AMFMM )KEMS IXAR-70-DATZ %um UMCMEMPM BUDMI vXPRAMUMMI ERMmlym$ Ron= XXMM!F A--T=EY mtxwm 2ULubmzom EWA= NMK&33FMS 02sm rxmaxcm us= Emmmzrmm 7,612,182 7, U2,162 589,902.99 -50,709-02 541,338.7B 5,505,135.63 72.32 mmme ovW(URMW 21MMXTMB 0 C 680,302.991 3,561,707.29 ( 541,338.751t 0.00 !FTI ( 2L1 ,52.� 2; s� > .�2 2 Q6o 1,713�Sg3.11.� 2,242,518 2,142,518 8868666,86 925,69CID 0.00 1,'168923.1.1 69.09 0 6 426,699.89) 1,716,1.71.76 512 ®_®p 1 1,716®171,79) 9.00 a or a OM 349.69 0.00 248'691 ,. Z6.6 2,142,5M 7,Pta,u6 049 9,1668866..69 0.00 .660..66) 0..02- ( 2L1 ,52.� 2; s� > .�2 2 Q6o 1,713�Sg3.11.� 2,242,518 2,142,518 8868666,86 925,69CID 0.00 1,'168923.1.1 69.09 0 6 426,699.89) 1,716,1.71.76 512 ®_®p 1 1,716®171,79) 9.00 3-23-203.5 03,23 PX DMLW BMW CIA 0 amwam $ 3 Bin, 2010 03 v or 0 03-45100 Z__nI 4 0.00 50.6ffi 0.00 # .340_60! 0103 Tom MyRanum XWOM _ 0 0 0.00 343.60 0.00 d 46,68} 0.00 on= rM=xffO NOR= P 1m 2 142 310 3 142 fi3.0 DAA 2eS�2rS16,Qd 0.0c 0.00 0.00 Somme , o g,6 0.00 �,142,530.0a 0 S 0.00 r 2,132,510 2,142.313 0.00 2,142,866.40 0.00 1 0.601 0.02 - MO KCH& "IFSOMMEM vswRwamzqm 1932KD=Mw POTHIM AWRAM CPA RWnM= A WWZ=rZ=B =PORT tUWD=T=j As M wam SLW, 2016 * ON, ORTRMML AUMCM 3RTD=r WMAT ACMIln"27 ZKWJKEE= RAMA= RIGUITWAM 292,21A 292,214 264,267.06 144,267.06 0.09 147, 6.98 50.63 997,OW 921,000 0.00 0.00 0.00 427,0 .04 "0.00 9om 9 0,006 0.00 0.00 0.00 360,00sm 100.00 12.474 12,474 6,252.81 B,M.ol 0.00 4,322a9 34.45 901® 364,665 191,693.51 191,, .51 0= 192,971.49 50.17 Ism'Iss 163,165 82,582.51 22,M2.91 0.00 82, MAO 30.00 1,000 2,142,52A 0.00 0.00 0.00 1 000.00 100.Do —00-8 2,162, 519 ................ 2,168,510 426,594.09 1.715,929.11 80.08 426,694.89 0.00 na 3-25-2016 03i25 PM 80=20H ZL=u CPA xcvAgm a zmmx MPMW MxAmrm) 09 AS Or-. MMCM 3101, 2016 TmHomm WT 99 car CRZGM= AIMDMFM ummmy MUR-m-Am MOUL UMMOMMM BUDUT mmmmurnm zzmwxrms 3=95T ACMITr IUIRKM XICIDGIMM am"Ca MMML=m lo=L zKpzmnomg 2,242,518 2,I62.516 426,694.09 426®496.109 0.00 1,70,029A1. 80.08 a9vurica OVER/(Mmm) =7mmxTmm 026,694.89) 1,716,171,79 D.00 1 1,716,171,702 0.00 511 BjYP.T0,j 'R ADVISORY BOARA. CRA ADVISORY BOARD MEETING OF: April 7,2016 SUBJECT: Overview of CRA Finanand History of CRA Fundyf SUMMARY: M ¢Y: e*e vwtagym Charts. Audit lbr year ending 9/3+25 alsow� attached. «:«%dte» I®¥vw^s Budget as approved f+?4rn> CRA > »+en »§»_? CRA PLAN, d *jO W TM OR PROJECT: ll»R 6%?» / 2O M M %% # /}O % \: None Susan Ha Finance EX<>t *: BOYNTON BEACH CRA 1 111! 1 111111 3aw- ADVISORY BOARD - APRIL 7, 2016 t • From: My of Boynton Beach and Palm Beach 7 ; rr Sub -Tata! $ 8,397,667 $ 8,607,$38 $ R,289,960 16% A Tr - $ -288AS NIA me F i 1001725 1 b,m EF7KrFzl,.-- r . a"71900D NIA 0%4.7815 NIA 0% Sub -Tata! $ 8,397,667 $ 8,607,$38 $ R,289,960 16% A Tr - $ -288AS NIA me F i 1001725 1 (a) CRA expanabn Page 3 of 16 $4,0 MORIOnAM Property Values, "%'i AssesmW Increment PrOPsE_tVfduss % Change Rvanue % Change FY IWO-J= 39AM737 'T— 153,50 FY 1690-1119i(e) $ 74AT.745 90.0% S 199.5m ale% FY 1991-Im $ 77A70WO 3.0% $ 204.449 2A% FY 1992-1993 FY 1993-1994 $ 70 .614,592 -3b% $ 125,635 -20.3% FY 1994-1995 $ 71,929,663 FY IM&IM $ 73.498= 22% S 158,398 12.2% FY 1996-1997 $ 74.712.OW 1,7% $ 172.6M Q -D% FY 1997-1998 $ 75.719,530 1.3% S 189,808 9.9% FY 1998-1999 $ M410= FY IW9-2000 $ Si.M.346 4.5% S 281,389 1&9% FY2WMOOI(a) $ 317AKWOW 287.9% $ 305,840 1?.0% FY 2001 -M $ 372AN.731 172% $ 94SM5 209.2% FY 2002-2003 $ .1 ,l 1,33OA09 4D.7% FY 2003-M $ 5110MAN 25A% $ 2.5M.720 88.0% FY 2OD4-20DS $ 631,621.000 234% $ 3,871,816 64AM FY 20W-2006 $ W.149�2118 31.0% $ 6,076.347 FY 2006-2007 $--I.1V,404,i72 3U% $ 9.086.624 AQA% FY 2008-2009 $ 1,131,010.840 -11.0% $ 8,159,041 -14.3% FY2009-2010(a) $ 950�M.514 .16.0% $ 617WA70 FY20ID-2011 $ MS�M.342 -13.2% $ 5.637.827 FY 2011-2012 $ 818,47%900 -12% $ 5,75Z745 2.0% FY 2012-2013 FY 2013-2014 $ 80.694.842 13.4% $ 7,022,119 FY2014-2015 $ 1,000.248MO 12.0% $ 8,317X7 Aft FY 2015-2DJ a $ 1.107,322e374 10.7% $ 9.319.503 12.M; (a) CRA expanabn Page 3 of 16 $4,0 MORIOnAM Property Values, M my f 2015 2015a(from.. June 25,2015 2015 Preliminary Tax Roll(from Property■, August 5, 2075 CRA Board Budget Meeting September 15, 2075 City Ratifies CRA Budget September 29, 2015 2015Notice of Final Taxableto Value Adjustment Property Appraised, December B'5 Tax Increment Revenue check from County received Tax Increment Revenue check from City received 121=15 j In May or June of 2016 Tax Rolls Certified (from Property Appraiser) True Up by CRA C. City and County General Fund Administrative and Operational Expenses Av Project d All Redeivelopment Projects.and Progirame ralptlates, Community Policing 1 Wi", Service ay Debt b'n-:' 4x t' Yl " .,«l 1 , 110, Examples., Series 2012 Bond, Series 2016 Bond, Bank of Americe Loan PE&O Funded Through Bonds 10,022,149 '4T# $ 11,486,686 Properiy Acquisitions 6,393,700 Housing Assistance f f Tax Increment Revenue $ 9,319,593 Marina RenfB & Fuel r S $ 1,100,000 Total Revenues $ 10,419,593 Debt DIFA Agreements 2,142,513 1,240,000 2,142,953 $ 1,100,000 3,794,122 10,419,593 4 „ ,., „R .............. ....... Boynton Beach CRA i 1 fi r f sm,m.m.r.r,m,r.r.r.r.r.r.r.r.��.,..,m,m,m,m,n�,,,a..................................................................�.,..,....—r.r.r.r.r.r.r� DecemberNot@. Tax Inoremord revenues, oce In mid to a Nadnm reverwas Increased due to complation of Hubomastar building and resultant als i e=n*er 2015 ® Increase of51% In Trensf m to the Project Fund for redevelopment projects % Chums From Change , 10% (below revenue increase ot, 12%) FAM R*Vemm FY 74.15 FYWO PrlorYear -Tax Incrareent Revenue $6,317 5 i 18 3 1 r The budget Is balanced at the proposed mMims rates of the City and County SM034122 i&G 1 0 9 1p Total 7 MAIJIM3 12% o Total Increase verim pdw year of 129E DecemberNot@. Tax Inoremord revenues, oce In mid to a Nadnm reverwas Increased due to complation of Hubomastar building and resultant als i e=n*er 2015 ® Increase of51% In Trensf m to the Project Fund for redevelopment projects % Chums From e Total savings of UA million war We of bonds between the tea refundings (Series 2012 end Series20115) �y -operating„; , 10% (below revenue increase ot, 12%) -Debtparstingexperamincresesof -Transfers to Pr*d Fund SM034122 31% 610owfactoraforlacreass- Totalgo ,"O 15% Department expensea up 7% (healthure comb up 2o% 3% nwrit p000 marine Management contract I?Mmwo of 0% Contingency buftaW at 1% of total General fund e Total savings of UA million war We of bonds between the tea refundings (Series 2012 end Series20115) �y 1. iT .+ ai t W01000 2. Community PdIcIng Innovations $ 200,000 2. Coftp p100,000 S. District Clean Program s 4 Itfi 900,000 Design,6 6001000 LegA She Work & Dernolition, Contingency Nafting t, k t s142,000 _fteclel Events# k q. 14 ':i`.,.! 11 SRSPl6nning.-JEmondeDyn1apment MuMnas 50,000 ki0 Business Incubator Project $ € ! #i IF OWN +! _.Total Projed Fund - FY 201&2016 Page 10 of 16 Rollover Addidonal MKrlrm Open n Space .,, i ,'. ,! ,122 $ 1,5744162 Property . an 513,024 S 314,083 It r Economic Development Lr 4100.0011 260,000 0,09: Rmy7don Beach EHvd Dazign $ 103,410 rur S 30%410 Town Square Pn4act $ ,: S 551917 200,000 !:RA Plan Updates S t TCftl t l .. ; P ; s ,..ti, _ k nt—In-wilve FundIng f"DIFA") bMants represent coritractual obligations far $ 1.240,DOO major red"Mment prafects: Case Costs, Gambourn Cove, VWWmar% Uarneretanerrho Preserve Proleato 1. iT .+ ai t W01000 2. Community PdIcIng Innovations $ 200,000 2. Coftp p100,000 S. District Clean Program s 4 Itfi 900,000 Design,6 6001000 LegA She Work & Dernolition, Contingency Nafting t, k t s142,000 _fteclel Events# k q. 14 ':i`.,.! 11 SRSPl6nning.-JEmondeDyn1apment MuMnas 50,000 ki0 Business Incubator Project $ € ! #i IF OWN +! _.Total Projed Fund - FY 201&2016 Page 10 of 16 milliona Payments $2.1 r ; $2.3 million In years 2025 & 2026 T Total savings of $AL4 million over life of bonds between the two refundinge T12 f Series I, !,Z7, =".71177-unded Throuah Bonds 10,022,149 Boynton F Ext(Promeneds Walkway 11,465,686 Property Acquisitions '. +, 6,393,700 11,389,493 HousingAssistance 320,&M Economic Development 29,611,676 Total Page 11 of 1 LT Inbmt RMOR s. ®t f:'GT7[c3:5 Monthly Budget Report CRA Board & CRA Advisory Board Audit CRA Board & CRA Advisory Board City of Palm Beach County Auditor ElectronicDepartment of Financial Services Access Debt ! !; Rating Agencies BoyntonPlaced on CRA Websits Annual Report CRA Board & CRA Advisory Board U City of Beach Palm Beach Residents Businesses District Page 14 of 10 27 9. . t} . r809 Si!7s ili�A86 i84AU 90drd40 irili.S? IfeTiI.EEE 7i1Sri�r7t6 MUM �ial0'1,0i 741.8# e817 $@8:r118'd mal" r 4.00 0. 1fir1�E3-8'i iri i2.80 *@. To WAS 3"'415 it . 01957.50 r 6.60Bir SUAM BeNAS-IN r Islas." r .00noes" 8.i irI $9.73 #lir LA40,060 76 3. 196,0" 3r 8.89 180. 8r Cr air lei ®! it 5, s SODOM lr8 im,ow0.10 49S.12 oodmor 19.00.Sl 08r 90. r r !r VAS r 0. 0. !. 74r r88 O.tI7 14.70 94,720a rMASS L.8i r r93.34 29,320.20 !r 0. 0. ® 8.78 0. it r ! it 8® r ! ! 0r 0. 8r s 0. i. 0.i , ®. 0« imi, a r r -sacs m4u,a . af°`tl��Cje e "r: Vim. kw ` i&.. at.t�e�m�.;mry - .r• _-, x � R.m� -m. ��.-. .-ww:.w s....r :.-.__. r C E r i s r7r . E r 31 rr r a.aoa �.� Purpose: audits designed fz provide users offinancial reports with reliability.assurance concerning their Mat Is auditIndependence:auditors - befree from bott-, personal and exWnel Impairments that could lead reasonable third parties to question their Independence. What Information Is audited: All relevEnt documenWHon, Including but not limited to: contracts, budget, vendors, Invoices, HR l management ■ staff interviews, bankrecords, process "4 procedures, legal transactions. In addition, auditors examine Internal controls! test financial and other operational procedures. Time Frame (in office): On site fieldwork - 3 to 4 weeks split In late summer and early winter 1 6 � S.- K V-. J, FT G-1 CEWIFIrD PUM lC 4"OOM TANT& & CONSMIAga % Boynton Beach Community Redevelopment Agency 2015 Audit Rmaks and Reqnhvd Commudeations Repon to lUm Charpd VAth Gmwnmft w Vwytrmlyyo^ Buynton Beach CoMRwdtY RedrNiopmo, Agency 2815 AM* RMdft md Btqubvd Cmumshotloas jq �=777, W WGhmimmdmuumo&fiBd ophikm(La a ckwopWm) rMT7111111""i-F-,,?X SVftmbw3Q,2DJ5. UMUW Ovw &ON" NPmft md an WmPiiuw ad aim =m=furfiwYtwco&dsqftnbor3O.201S. Wonowne BMWW wadmesm is mo mw 'hum ompEmot bmm. . . . . . . . . . RoThnpuds wwo diftd DwombK 7,2015. 74 P; I "RIA, .......... . . . . . . . . . . . . 77,77-Vill T, P 7 27777, ;XWJ,,�4 ............ IM "Al T 77 Al,'74-A .......... I 7k V &{j 7 ill-�f A' A .r' �a s� R•+r. 1s., wn z�i r_ cl,at.�•.1 iii 333 Agmey I of its tilixtuil „! 1 . *4 I l;ili pmOmdond biftiandmiag 2. ♦41Y4 :Id AM wdft ffim4 irt h fpu%mjci;WjudSmwk we afthe AVM in mccumbime r TAS puzally 4. CA: suffift c=du& and OmmmoN W1 +-1 w.l �I li i1 - '� i + 1.�.} .. h Iw i•S Hyl •- .. k , BOYNTON RKACH COADIUMW REDEVELOPMENT AGENCY jA Cumpmmt Ukdt of ffic City of HMtm Bewb, Fimids) For th,Y Ended Sepbmubar 30, 2015 Table of Contemb FINANCIALSEMON. KKK 5 Zu" i T .. Independent Auditor's Report I f77 M7 I M77.r-ri f T71� rg'a,L�,7 ftpoft an am MIUM mummumb ..77,77777r;7, I, 77 r T 7 Y' ff 7 W IM717-T-1-1- —1^ I ;e. a F F,, 11 it A, F I , .7i Ktlj—,jj �-- ,_ ;7M ffr"077z,1 rte. t.,XAMat 7 a777 1 M T17 I t•"r,.r7-wr"777 W,,,FrT7W,7,7= �Aw" *14 tdftat;a " 4 A404� a I -orm-n-muco Management's .Discussion Analysis n7 774, MNANCIAL HIGEMIGH'M 0 BOyrff()N BEACH COMMNITY~ » MENT AGENCY (A CampamintUn the City of ',:m EWmd6 M.Ts) MansipmeWs Mscuselon andk - UnmdiW Svtamber 30, 2015 ■ BOYNTON BEACH COMAINrff REDEVELOPMENT AGENCY (A Compment Unit of Boynton Bewl, ManopmwWs i -t UnmUted BOYMMIN UFACE1 COMMUNM IIEDKMADPAUM AGENCY (A COmPmwt Unit of the City of Bo) GOVERNAIRNT-WIDE FINANCIAL ANALYSIS Svmmar7 of Net m on 6cpWWbw3O, 9,525,6338, ,,20'52 A 'I kt3 , L2 2644 � a20539905 . SM8,631 3.978A" 5,465,790 4fi01,905 h-6,231.888"011 = 2 ji ,9 ! 795-498 III III I illillilillill!ll III III III III 11111111111111 IN III lIilliI 11 lill III l�ill Summary d ChRfta In Not kin M 'Year Radoed.Septembier 30, 1 1,212,496 BOYNTON BEACH COMMUNM REDEVELOPAUM AGENCY fA Componw Unit of dw City of Boynton Beach, FRxida) Mav"mmt's Uscussion and AnWysis - Umudited Smrwry of Chmqra In Net Pedfien i(e*nMvA) Yar Ended &Vt=bcr.10, 2015 2014 U94,096 2,759,056 1,901,5w 1,107,852 695,516 932,305 9936 1101, 2,6&7x,l 3,647,756 13 795 4#8 10147742 5 16492839 $ 11& 95.418 FiTPTIIKTIC—,��� 7TF �,j lllkf�� VA BOY:BOYNTON BEACH CDAMMWXW « ENTAGENCY component It of dw afy of Boynton .`14m` ) §smgmerg's Dismsion and Andysis-.mdi Sqdamber 30, 2015 -- .�-- ©-------------- ------ »�a�- - REQUEST FOR MFORMATION . . _. . . ..� a� ..... .. . . ..����..�.� Basic Finandel Statements AGENCY ,(A Cvppment Unit sof the City of Boynton Beach, . " Rqp�ber 30, 2015 NETPOSMON Net t in Guvrzzmental ASSETS 5,425:5,780 0 Debt mn-vice 9,465,763 Unnoftiated Tow not Palo= 55,533 Imd 22,087,226 RznowHaw ,57 Lwachold ftmaumto 7 e 841 BuiWing 1,499,370 Land h%wavements 566 170 DWERIM OUTFIAW OF RESOURCES daTed �.. <. x'. LJABIUTIES 141,777 1.350 Due wiffin am YM , 762 Bonds and Immu FffyabIe 19.744,000 w wra mmwx� TOW sh i 20,539,, NETPOSMON Net t in 7,699,628 5,425:5,780 0 Debt mn-vice 645231 Unnoftiated Tow not Palo= x The notes to dm basic fizamial is am an intgSW pwg of tWS stalemmt, ( "t afthe City of Hoyntm Dmqb, S4ftntatofAr.fivitifa Ebmkidem m Low an We of capital assets Not (Fqwne) hdaredand 09m hwom 3591 Total Se! e 1. Revmm and CA$mp in a. pmwm For choges 1.11 Not Not * t v Covernmantul ii Ganwal end S 2,880,870 S 1.256,824(1,624,046) Retiuvelopmentprojouls 1,932,634 1,932,634) Inftmot on I W 6j16 6 aa..,aaa.ax.aa TOW 509 WO S Ebmkidem m Low an We of capital assets hdaredand 09m hwom 3591 Total Se! e 1. CA$mp in a. pmwm Not * t Ebmkidem m WMW WACK CMMUNM RW"ZWFMMT AGMCY (A CawAumt Udt of do City at B%"m BwX Flcvf&) BRIX= slag Ommmeaw Fun& LJABILrrM. MW FUND BALANCES L&WlW= Amaw% paysWe aud ammed uUmmm D*Wimpwme Tdad IILWlldm TOW DeM Savice Governomw Geser4l I%ad AM Egd Fund Fmdw $ 3.855J39 3 5^193 S MMI S 9,465,765 2,042 Z 3 520 .LqL_ _ L..Ur, l '231 L,_ 34,844 141,777 1 -50 --'433.-1-27 27,013 285" J60,412 99.049 1a, 5,111 4fR%= 1 33 7,45V,27 ==3 . . . ...... ...... . ...... The nutag to do bmin fimemishtlibmmig an an ftdegm] pad of dkis swameqt HO A333 7,45V,27 815 9 fill 3 39 The nutag to do bmin fimemishtlibmmig an an ftdegm] pad of dkis swameqt HO AMU, Fund bateam - pv&,nmmW fimdo s 9,380,211 Anwaft rqxnW ft govamrmaW wdvifia in the mulemem of nd pasidon am difFmmt bee== fff-I ROYMUN BRACH CGMrdUMIN RED"ELDFNKW AGENCY Unft uf Ow City uf Buy,*m Dawk rbi) Sb=mu OfRowurf, Empjmhmm mod Clmpo m Fmd Bdmm G3vmmmmW Pub& FMOOVeWEDW SWWRW30,201s raw Debt SwTft- cum-AWMA A'A"'mm Fund- -IN ,p lwimdx ,-Ijg"L 9,117,969 ,,, S 29425 (XI 97 16 00701 9 & 299 _ j__ 1,175,M 1,1750" 521,M4 $21,264, 13,226 jjlDCA,23 7.443, 1 6,860�49t Ilm MGM to the basic nomdal %wmgutB am Sa Inhww pwT of &b mmnmlL No 2,Mlog$3 COMM 3,m3,m ,1211 I " 28 3§1 0,974 (821OW) 4 7 L 610 jML 990- 33 !K A—MIMAMO .51.11, L.&WA 1. Ilm MGM to the basic nomdal %wmgutB am Sa Inhww pwT of &b mmnmlL No (A Componcit UWt of the aty ofBoyntm Dmh, FkwWg) Rwo=Haam of the Swestcuts of Chugas in Fund Balmom - GovenummW Funds to ft Sftftnent of Activitka �k' �:' . ,� x�,_. � � til:%•. # <' e �F;�+� ;� � �,,, #+pix r, d tkt=?r, �< �3!! It I VAO� I q4.y,„ul! 117 m ” ;u 68 1,6 1 adsa Notes to the Basic SepUmber 30, i5 p I 117cr, iff � i M ..BRACH . .! M REDEVEWPARNT AGENCY ( Companal Unk of 6m (.11y of Baptm Dawk Fl ° ) Notes to do Basic Fk=681 Stammags SUMfARY OF SFGNWWAW ACCOUNTING POIJCERS ( ) LE Component Ur& Notes to the Buic IL BOYNTON BEACH commuNrry.RWZVEWpMNT AC-EN(S (A Cwwwmtg¥!#f the City atBoymm' '.k \ NOW b'the Baia FfiB &Vt=bcr X, 2015 Cawk prkw ym amoumb hm bem rwlu sM ed to wnfmm to the cmTent yeaes praentad%& � Notes te ibe Basic Finandal Statments M=1-111 � 7 13 1 1 � 11 lllj�i l .1, ITT, 10 OVITZ, ?*M Baloom a Ddedand Bahama 9/3012014 Mdjdam —TMM*" �nwols 23,150,744 $ 358,409 $ (1,421,927) S 22,097,2M 1910234 369 9828L7. ___J!I!L 5L 42 41 ...... 1A _ 2, 978 728�391 Q,280,302 $22,50067 1,91,272 1,69.,?47 ICM,247 147,145 147,145 2'19,2 „_. 1102% 120 524 �3� 2-M 660 2L7-3OL (El . . .......... . 7 (31,902) (210,311) (57NO) (2670671) M") (22") (dCX7) (12ASS) (72,992) 147 "24 3M (171.735 7N-94)_ AL4920 5 J� -.J.-I ___"91.L6,56 2,081LT2 S&80 79-1 3 2 1,92!25 ..�26 12614 111111!1 llrl�llplllljp 111 11111111 [W # "Unit city of Bayntm Bomb, FIWWB) ftftmbw 1 4. LONG-TERM LIABLUTIRS At September 3D, 2015 2012 Tax hm=x2t Raftwhing Ramzua Bonds $143,000 to S 1,530,000 # 1� 2026, bawing an hdwxmt Me of 256.E 2013 I'hxbwrwwMRAfiwftRuMw Bond% doW Mzwh26,2015dwin 1. IN 2012 Tax e 2015 Tax Incmnant BondsFlwd Revenue ,. 201.E � 17 # 3rk,934 36Uw 153,285 2019 113MOM 320,5 141,405 2019 1 1, 1211,195 2020 l,%7,0W 261$197 116,655 =1-2025 7306,OW 763,419415 379,005 X42 . of w=d , A, Ps tic TM16 2018 1,670,WO 2019 1,711,000 424,465 2020 1,762,000 377,8!r2 ]-2 1,142,23 2026 2-" s19.I,1 211 3:. 2 a 13 IN M=-1- »{ o Bmdpmw& sps.m ftymml to rcfim" bmd w=w opM Low. imam= wet 'Nctpmecah 5a3 q3 Ouryn mw= of ft Smas 2WSR %=Is 6.MOW Lm: unm=fimd diwmmt Not ewfyn am= offt SMes 2W5 Bon& 112, Defand mm= on ramnftg "I �6' FF (A CCMPM=t Unit of the Chy Florida) 2015 4. WNG-TR3tm r " Pdff 0 . m9= S. FUND RALANCU r W ftmd belanm them mwmts am gppxwW and gong=MW by the Agar - .: Below a table of m_ u RE Debt - 27,013 -i........................ww COMMRW 160.412 2,825,016 4,633,211 unamdow y835, Totat u RE Septcmber3O,2013 ullwll, P �,� & RISK MANAGEMNT T W7 M777'r =",y VAHA DWI MT111111111111111 111!11 CT F19W ym onft EMt=bLv3Oj__ 2016 3 SkO40 2017 97,193 2018 89,974 2019 92,672 2AZO 951593 Imaufter 99,610 w BOVNMN<BRACHC2 U . y 7. mT AGKNCY . ± # Unit of tba City .7<) Notes to tho Bmicanandal Summft a m Nim -hitt i . .... mxnss�e.� b� tmt�nRY �iPiNf�in�w�m�:mu...n....�.'=mv�w xia-�c�rouxw..wm+a�+wunx am�w,.�:. ;,;,nnun... ua 3n.seat+.ni�a.N.t �wmioruuw�meaawmw t9t nP\Ct Required Supplementary Information f AGENCY (A CampmemL offlie is (k*WW Pad 2015 vadamama a Fadam OW M.. 8,10two S 6,16%0008,39 /#RC,8 $ 21-7,869 tlimom L256,824 256,824 12111 12 1 Il I 2.943^7 Z943467 Coy of ods viodWe, M 63 Coy of ods viodWe, BOYNMN REACH s ¢ AGENCY (A Compmew $ of tbz City of Boynton Benih, l NOUS to the Bvftctwy OmVarisan Schedule x i ri A ',i . o Compflance Section ftrpaft of fib Reprt 4"?- *-4 t"416 44t& � AW4"j X# Ed T, 7 T"I air: i�if si': Lr 1. le wi P' f FE um �, I Oil Ala J=_Pg J"aw 44 ta"&4 " 4 Am�o 0 P-07-77 T-71TARrim R71.01 �';424 ADVISORYTO BE former1!11111111 iiiijiiiii�illill III III! 11'"i 13ACKGROUND: The a ray site located at222 N. Federalis a► : +> on the east side of Federal Highway between Boynton Beach Boulevard and 0own Avenue. The property owner recently submitted to the City a rezoning request from Central Business District to Mixed -Use High and a sits plan application (See Attached Sits Plan). - k a a ra-: �� � r_ � - � a a► +: , f j� -= t c � a a+ .' a a t �- on the comer of Boynton Beach Boul&ard and Federal Highway. The CRKs property is A82 acres Attached and is :naa $460,000 Attached i_aAppraisal Summary). At the March 8, + CRA Board meeting, the Board accepted A:, -for the CFtXs property for $10.00 (See Attached 1_01). The statutory Notice of Intent 10 Dispose of Real �a : a a w = . a - a � x s r. � # � a • a a :: * -:. � the CRA iba an ja a=taa, :-.::} a a - a 1 a; - - • 1' f does not - legala a signoff on ! a isaltoplan applicationtil the property disposal Is complete. _a �a ri "' '. proposed a ♦ ; � Is...acres. e applicant r< <" proposing 0 residential units in an 8 storyk a ,i with a; parking <a c- Currently,:. applicantproposing + :'a ft. of commercial. With regard to height and density,o c ri confomm to the adopted Federal Highway Corridor Community Redevelopment Plan that permits a land use change to Mixed -Use Core and a zoning change to - High. The a>>aWighta- a sIs 150'wfth density per acre a.# plus a 25% bonus a being within the t=, Development Area fortotal of 100is a+ units per r = , MA # One"I- .b MITI l. ! �x1 0 �'. �i �t Mu z �i �t Mu R 0 i � X41 tmr ere[ Y tba � r v a® FUTUU UND, USE MAP %4-r-- M� ZONING. -HAP TA LOCLTION MAP M Lr I ma a is W Wa L VA LW e -as V m. mm—m rillpAll I - f - 5 I um I Lamazzom 5 I am c M -- Em pe ,Y. .� :y NlL)"i VITT 9 .Mr.hT WMIKAA s 1.1 m �+ 21 711777 7 , I DE Taw Loommc XCE72mm Vm LOD= UOUTMIA9T EY'A lEOFMMW,- M MW ==p EN .1 I \{� 2 ., I m i _y7 , : « mm 99 'CRA PROPERTY APPRAISAL 222,N. Federal Highway Y �FU M 1 WXYMA• ■ 4 1444M IN k F, it .t tii� IM3 South 2501 Street, 5u%e i FortHerc%Fl- 34947 I 77zm i m op Fax .T' 3 f ,r1. 114 7 1' 1 r, 1 fia 1 ; s, k %' Price, -�•,� ,. ,. ^++t, `,,�, +.au Vis., , r t,� a ul Emkots Apprelsers And Consuftentm www.cmlavwo"ndprlr.a.coni Licensed Real t,, 'a1 y» Brokers F-%Nw Boyntx)n Beach CRA 710 North - l" Highway Boynton • 111- �� �; _ ,�:. R!•- . • ! !:� .,. �..'t ither uses. BOAZ; or NorK may nor De appropriate LETTER OF INTENT FROM OCEAN ONE Gary �, Dub"Y O,' Ff 14'W' . No PL, W. C Un fhrWma Eftaki . 'trier ja Men Ms. Vivian Brooks Exewtive Director Boynton Beach CRA i N. Federal yrs, Boynton Beach CRA Property forOcean Southeast corner of Boynton Beach Boulevard, R Federal Highway ("Property) lit:M-71 W 11 bdnp new upscaledowntowntothe area wM moredisposablefor the surroundli businesses. coveringBach CRA small parcel, By consolidating the parcel, the CRA will and up with a unifted evel pme block. highway and Boynton Beach Boulevard, Boynton Beach, Florida. «4 !. , 4Eln Wvr: , W,tv, a36o,: L ro :ia::. t U ;Plt t j� 0Z1 1 451 zsrg G ril . arr F F-UM-NEiso TS, and an aerial showing the location. Bonnie Miskel, Esq. BWrmm E ii „�a�r,u 54,w,x, �,'-noi� . . . . . . . . 1 01! t t i fc I i Itt� 341 TO s15ADVISORY BOARD BACKGROUND: The Ftiverwalk project is located at the southeast comer of Woolibright Road -.nd Federal Highway. The site was home to the former Winn-DWe grocery store. W*reens, Joanns and seftral local businesses are stil located on Ile site. 17 'JL:"�' T all ►- 1MUMM—pr—M-2 =777— of the project. 'The developer will create: a boardwalk with water features, landscaping and seating areas. There is a small restaurant ih, with an ♦T♦ 1 diningareaplanned.The plan also provides for 1! # an outdoor garea on = Waterfront projectThe ♦use changeLocalRetall Commercial to • anda zoning a 61 0 01 LAND AMENDMENT APPLICATION I Prepared fien 'IMM Realty QuW W6 S. We Highway Haftidsle B&vh, Florida 33= W1:: r1. November 9, 20115 } RIVERWA,LK PLAZA 9.86 ACRE SM! BOYNTON `t, ACH, FLOMDA r -L R%kbathn Pb. 74W 'TABLE OF CONTENTS 1.0 OM mica« ,mea.®.ew�ew,.w.aw®o wo wr. .Awn.eavmw.w ¢�mr®... weoe® 2.0 TMFFIC GENERATION it--1111'1�44; ]CI 717 7YWi�-7'7777,111:4, The My Comrahenolve Plan albws ibr a floor area mdo (FAIR) of 0.50 for general =nmardel. Based an ft aft cmidni; of 9.86 acres, ifie ru, 7Ftivrvu rF,T 79 MW i5771TVKW4"JffI:: 1n Anis W "07" 77 1� The My Comprehensive Plan afto for a FAR af 3.0 and 40 dwelling unfts per acre. BmsW on to sNe consioUng of 9.86 acres, a ma*,num of 394 apar"ents and 1,2138,505 S.F. of reWl could be mm*ucted mW the MUL-3 calculated as folkms: t TURNING4LO PEAK HOUR The AM and PM peak hour volumes at Me prood entrances for the overall and may k.3s.ummarbod+ D To M .-r It t ♦=ta'.lt� - l �#: iii `is - � - � �� as : ��: [_ � � ` 4 � �i" ,�! _ ♦ F # : 3� * ::.:r ' 'ili M r�#+I i • ♦ .,s� i rats. +;.:-' i '17 775= 7711 777,111MMI W. id1 a PROPOSED DEVELOPMENT r! I5-' PbmVJJPATrAc Rowd [CitNSWF&M 8.K ENERM XiD=M"WMJECTSWb%lrv-109 PJvamidk PlazWLUPATmft papat Ae SIMMC)'-%,StAWHM N SIMMONS VAUTE- INSIM momm" oft =a MW 0 QW) 4M -UN XTA IBM M-Damom 1 PRO= DWROUtION 72 (2-11) f 32 (96)--j 4(11) 6 A.M. PEAK HOUR TURNM MOVEMENT (19) P.M. PEAK HOUR TURNING MOVEWff Ilyplm 15-109 . 9q � VVODLBMKTFWM BEACFJST BOULEVM I a US-l 1 M4Taw M 4M 47.40 OX0 114a WOOLMOMROM U&OMOOLLEVAM 14AM V% -a 14.7" 2 rAm W PEDERALMIUMAY SE29WAVENM WOOLOMWRW STM IN* 45 39= m 33= 1.11 "wEpftmmKwjky vrooumHrmw OCEWAVRAM SIAN 20% M 31= 4D MM ORG 'Pr*d IN sk~ WFAM W VIP VOMM b gradw Sim 1% fm %t of 1.4 of MoM Z*ftvM of 1.2 cr nmm w7d 3% ra vft Ws ftm la � w 11 wou z>\��.�\\\:\.�.\\ RIVERWALK PLAZA \\\ TA13LE OF CONTENTS 1.0 } DATA... t i ��-;' r }� ��� ,. tf` ,"rr , , t, F 'Ar l '"i+ trt , &0 SM RELMED S W r, 4 rt } h ,' 7.0 13 r t. , am"Im. I 4g lit #;Ml�.^�.t e# 49,# f ■^�!'. R :!!t i# 9 4 } Fes. ' t To #� ■' it C - '!•` #» ■. :�r a - #:�' 1, #a i .. i # *��.�..� # i f:r #. ■ # l= # 1 �a of y,#� .?I�, 4?. 3.0 TRAFFIC GENERATION =M;W-1 � �tl 74 1 ,1 0 _LLL Fit 4177rk74,77"t 577F—Att 5, ....... . . . . . ilt ................... '741 ti�W Mij i ThLi-PUAMT a i&- Daily TmMc Generaflon 5.170 tpd AX Peak Hour Traft Generation 142 pht (80 Inf62 Out) P Z .M. Peak Hour Traft Generation - 491 phi (244 ln1247 Oul) vW54T - -- AA 7i15�u"rllr, Daily Traft Generation 5, 3 14 71 A.M. Peak Hour Traffic Generation 257 pht (83 In/1 74 Oul) P.M. Peak Hour Traffic Generation 466 pht (262 IrV1 96 Out) j',j-;Tr77r,7--r17 Q W7 is -2 i MU ii jiT gic'Ail, Houmver, in orft Io be comwative, no Inlernal capture was assumed. The not Incievise in haffic genenition as a resuft of the ftnge In use Is simm in Table 7 and may be summarbmd as folbm: DAILY 456 tpd DECREASE A.M. PEAK HCXJR 115 pht INCREASE P.M. PEAK HOUR 33 pht DECREASE 1�0 4-0 RADIUS 00 DEVELOPMENT INFLUENCE LG PROJECT AMONNEIff SOMMMAULmah IOMMIG MommmmPROJECTSMIA134M Rwwwa PUMTrmft Row ILK MILZ TRAFFIC GENERATION INCREASE WMMGHT RW {!q() ) ! ! /\ y , , �. . «. � x A.M. *2W HOU.>df2„.,OVEMENT , » c P.M. f«�v HOUR TURNING MOVEMENT §ENt MD AAD.T. swommom Wwcakm R �'iJ. Fra` ► !i. k'�t a'�7 3' Y9 Dean Surveying and Mapping, Sholl Go FoW Jmdah 4201 Westgate Suite A3 West Palm Beach,Florida 3440' �(, s �.. ►In,i 5. .' om I NORTHWEST CORNER' SMON 34, TOWNSHIP 45 SOUTH, RANGE 43 EAST (SX. 1 5th AVENUE) I Nff.tb I J 3-E E 413,12, P.O.C. WEMLY R/W IMACOASTAL WATERWAY' I gillKuyaffyolm I I I Legend A h9onwo Am Left R WANta PA" , " hawd" wt--d-W* F&C. D 1PAIMbb Deb An* PAEL WNW PoM Of konniq NOTF- 7MIS 15 NOT A BOUNOW SURVEY C COPYRIGHT DEAN SURVEYING 2016 ann Surveying and Mapping, Inc. �h Wmlrq Do Shoo Go FwW apAd 31;�V 4201 Westgate Avenue. Suite A3 Weg Palm Bo=h. MorWo 33409 Facialmh (Sol)626-4558 RIVERWALK PLAZA S' et 2 of 2 M*941*111,111#!! Dean Surye'yin*;. �.and Mapping, ",ill OD FOW 4201 Wtstgote Suits A3West Palm Beoch, norida 33409a I gem i f ■k Legend A Wkxdn Am Loft R Radius .kdww Dou Mae ,NURTHWEST CORNER SEC110N . TOVMSHP 45 qWTHR RANGE a EAST OW15th AVOENU*E-) gUNE LOT 2 NORTH LINE LOT i . !! zo 167. S 4!5 3 ma www PAI. kmkvtw pwd . Begbring NME- Ms IS NOT A BWNMW ME _RIVERWALK PLAZA DEAN S2016 Sheet 2 of 2 b %m j 4 } iTC ' F R 4201 Westgate Avenue Suite A3 Palm Boo* Floddo 33409 ■' , ht t w e i. T i 1a^ ♦ r '' ♦ I +t. 't NORTHWEST CORNER SEC71ON 34, 7D"SHP 45 SOUTH, RANGE 43 EM N 19 w ,1 - NOM P.O.Q. —/ j p '32581 27& S.E. 15th AVENUE 411 1� " . N774 1@1 1.' 1 847V 30.00' SBSr4l'13*W 3539' sCq Uj Legend Dft I . THS IS NOT A BOUNDARY SURVEY @ COPYRIGHT DEAN SLM%-fiNG 2016, n d M a7Sp p irnv n 4!a wasuriqa 4201 Westgate Avenue Sub A3 ------------ ADJUSTED DISTANCES111 Palm Beach, Rodda 'M 1 ` " 1 REVISIONS DATE 1 Date 1 --1 RE.a .W �" 1 �K PLAZA " -.m g 1 ! ; ! Dean g +IIS► and Mapping, Inn q Vine Sid Go FW ,, 31, 4201 Wedgate Sufte A3 Rolm Beoch, Florldo 3309 �a an 0 -W y 2" FlM—M—N=--lliQ—l=T-M—= "--� oD A MLJlh- L-^ A I r- BORTHWEST CORNER SECT= 34, TOWNSMP 48 SOUTH, RANGE 43 EAST Lqffffl�� Legend A Wkab" Arc L" RWW imago D lmdcow ftsve PAM bacdo =T=c"Md Modw Dab kris DAD I I I I M-NOWN MR Lff 0q*nlMj NOW, TWIq IQ MAT A DArfunanw e4wft— No"HWEST CORNER SEMON , TOWNsHp 45 SOUTH, IIS m m POINT OFBEGiNNING15JE 30,79' MOVIEa E th 4 21,07' SWI 8'47 30-OD' NBV'41'13"E 35,390. IIS m m 30,79' MOVIEa 41'1 21,07' SWI 8'47 30-OD' NBV'41'13"E 35,390. 0 COPYRIGHTSR U 1 p WOOLBRIGHT NORTHWEST CORNER SECDON m TOWNSHIPH. 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Ash A2 WeM F was ssi®BeeV%wuM w� k A S-201 d I asE ------ ----- ME= 75 MEMO AS-203 ------------------------- form-------------------------- WOW 7-- ----------- ------------ ------------ rrR %AI _R WIML 2 TAII® R LE% BTAIR 1°® LEVIEL I PuSi E.`V'I�Av OWN w f n ':x,�a.f,y.Lv;;Azu�ti�� 1T ! tie'.,,, wr.vfw,•`� a 0 E r® s e e n• L-1 .. !• t !, _ 1..; ■ [ ■ 1 i 1 ■ M ■ m MVMAIXPUWA M� I "X101 I I Me IMOVII SL L3 L3 RA NVERWALK PLAEA Prepared for. - The City of Boynton Beach Community Redevelopment Agency � s, W � sADVISORY BOARD MILM-1 0111 ilk, fa a - MIM ., _ ";.1 - t Avenue t` SE 4P Sbvd and converting it o x 1 it rr � ;. f � - ;w - - r-- r•° `�-.i# • 1 Ri 4- f 7 7, 1 r 73 71 &WW" I ; preparnfion. The project is expected to take six monft to complete once the approvals for the major site plan approvalM building perynft hambeen F h = s'. from ,t i fexpected to bereceived by F and of I. 2016, w ew im Im Nk, LOT\ & a ON ^ > 7 SOL90ARY SURVEY no#=A%M--*w �\ \ \ ` &`% LDF / Nk, LOT\ & a ON ^ > 7 SOL90ARY SURVEY no#=A%M--*w . 8MT T717 UT K'" MCI ly4l V. Agm& Approved.: KIWM, 114, N L1; 1 1 111 !1 F. Tm-1 %11 a a r;74 rs'..,I'I t 7,771 :3##; 6.+'.SII .1 9# III' i :i 111 Lo i 1 � 3i= 1.+f1:; r.... t 1 it1 Y 1 1::; i 111.;1 11,t�[{I $ tl V111. Consent Agenda: i iS,ridnism M4, IX Med Consent Agenda Items: D Response i Advisory BoardMember Quesdons ' gard Ag h Finance XL Pablie Cominents:comments are limited to 3 minutes f duration) ML Public Hearing: None loll Old Business; A. Outcome 4 Housing Trust Group< and RelatedUrbanDevelopment Revik; ?t .yp Finarwang Applications;4 Florida Housing Finance for MIK South Site :.r# *=r Brame B. Stow Updateit Phase 1114Marina Redevelopment Project C. Status Update on the Cottage District Redevelopment D. Status Update 1 theModelBlockProject E. Consideration of Approval ofMaJorPlan Modification— :3^a4 +i1 r 3aV. New Business: pIIIIIIII!Iiii 'III I1!1111111 IgIlIg 11:11 AdvisoryW Exemtive Director's Report: A. CRA /1 XVL Future Agenda Item: A. Consideration of Purchase and Development Agreement between Ocean Boynton, LLC and the CRA for 222 N. Federal Highway B. Consideration of Contractfor Iffie Constructionthe i, gut Space Project at the MarinaBoynton Harbor XVIL Adjournment s•,i w. 4 3 I 1 � �i_ . M� �, 1 I Consent Agenda Old Business New Business Legal Information Only I X Other AGENDA ITEM #: XV. B. SUBJECT. New Businesses in the CRA District SUMMARY: The CRA district welcomes 7 new businesses to the area. Staff will reach out to the new businesses and introduce the grant incentive programs and marketing efforts. 1. Art -Sea Living 112 S Federal Hwy. 2. A Cremation Services of the Palm Beaches 1100 S Federal Hwy. #1 3. Bear Rabbit Studio 1100 S Federal Hwy. #7 4. Catering at Chef's Table 411 S Federal Hwy. 5. JDT Racing Inc. 1300 W Industrial Ave. 6. Mr. Nice Tux 312 E Boynton Beach Blvd. 7. The Hot Tub Loft LLC 1370 W Industrial Ave. FISCAL IMPACT: N/A QVJMRRO�� - II��I��611et���IlpQ�lllll�llffalll���l�119111��1 CFN.20060578708 OR HK 20953 PG 1812 Prepared 'by: RECORDED 10/11/2006.16-34:09 Howard J. Falcon, ltl Pah Beach Gtiunty, Florida Assistant County . Sharon R:. Book,CLERK. & COMPTROLLER salm 13cach County Attorney's Office Pgo 1812 _ 1823) { 12pg �d ) r� 1 North Olive Avenue, Suite 601 /� est Palm Beach_, Florida 33401-4791 ./ p 1%U � 3 d. Douglas " adl,M h County Pr Real Estate Management Division 32c dere Road, Building 1169 West alu each. Florida 33406.1544 Property"Number. "08-43-52-03-0000.0071 WATERFR��' PRESERVATION EASEMENT AND DECLARATION OF t RESTRICTIVE COVENANTS FOR .. ' $ PdT®N BEACH CRA MARINA ?) THIS IS A _WAT RONT PRESERVATION EASEMENT AND DECLARATION OF " .JR#FRICTIVE COVENANTS" FOR BOYNTON BEACH Cl2"_ _ ARII�I"ade granted by the R{)K Tt i� B'EFACR i4I`` `R DEUE_LOPNffi- NT AGENNCY ' ("Grantor"), a public agencye��d pursuant�o Ch�pt�r IG�3; P�III�lorida Statutes, with an address of . _ Ocean Avenue, "Suite 103, Boynton Beach," Florida 33435 in favor fALI BEACH �(3Lli�IT F political subdivision of the " State of"Florida,. with an address of Governmental` inter, 301 N• Olive Avenue, West Palm Beach,.Florid ' 33:401 "County " { )• WITN E.SSETH r. r WHEREAS, the Board has determined that the Projects will serve valid paramount public purposes; and WHEREAS, Grantor is the owner of the Property, as hereinafter defined, clading the Submerged Land, if any, as . hereinafter def ned, . and the buildings other assets and improvements located thereon in Boynton Beach, Florida, n as Boynton Beach CRA Marina; and c. O r�WHEREAS, Grantor has agreed #o grant an .easement to County and unpgi O��, crtain easements, covenants and restrictions upon the ..Boynton Beach CRA Iftna, as hereinafter set forth for the preservation -of certain existing uses and amand public use of and access thercto; and WHAS, Grantor has agreed to declare that the Property as hereinafter defined, sha held, transferred, sold, conveyed and occupied subject to the easements, c Ad� ns, covenants, restrictions and reservations, hereinafter set. forth. NOW THE�S�:. for good and valuable consideration paid to Grantor by County; the recei� `d sufficiency of which is hereby acknowledged, Grantor does hereby grant to �yr its successors and assigns, a perpetual non-exclusive easement in, on, throug&across the Property, as hereinafter defined, and for parking incident to shitse s are established_ by Gra_ ntor and located upon, the -Property; as hereinafter de ' together with. ingress and egress thereto, for use by the public subject to th s of .this Easement. Grantor further : hereby declares that the Property, asp ' after defined, shall be held, transferred, sold, conveyed and occupied subj the conditions, .covenants, ' restrictions and reservations hereinafter set forth. ARTLCLE DEFMIIONS L "County" means Palm Beach County, Florida, a political subdivision of the State of Florida. 1-2:: "Easement": shall mean, and refer .to this- document .entitled "Waterfront Preservation Easement and Declaration of Restrictive 'Covenants for Boynton Beach CRA Marina". 1.3 "Grantor" shall mean and refer to the Boynton Beach Community Redevelopment Agency, and its successors or assigns. -_ 1.4 Marinashall mean the marina; Structures), docks, boat slips and - parking located within the Property. Page -2 of 9 Book20953/Pagel813 Page 2 of 12 1.5 "Property" means the real property described on Exhibit "A" attached hereto. 1.6 "Restaurant Parcel" shall mean the property which is legally escribed on Exhibit " E" attached hereto and incorporated herein by reference and pori which a restaurant known as The Two Georges Restaurant is currently being • �p�ated. x11.7 "Structures(s)" shall mean that which is built or constructed, or any pl4 f work artificially built up or composed of parts joined together in some definity anner, the use of which requires more or less permanent location on the groan I which is attached to something hawing a permanent location on the ground. �A erm shall be construed as if followed by the words "or part thereof'! 65 ARTICLE II " RESTRICTIONS APPLICABLE TO There is. currently .a Marina with docks and twenty-four .(24) boat slips at the Property. Grantor hereby grants to County, on behalf of the general public, the right of access to and use of the Marina. Grantor reserves the right to establish all rules and terms or conditions of operation of the Marina, but when open during normal hours of operation, the Marina shall be open to the public and the public shall have access thereto. Grantor may restrict access to the Marina after normal business hours for security reasons. Nothing contained in this Easement shall prohibit Grantor from implementing reasonable security measures t® monitor and regulate (but not prohibit or unreasonably restrict) public access to the Marina during normal business hours. The Grantor presently has eight (S) boat slips available, in use as Charter/Commercial Charter boat operators, and shall continue to Snake available a minimum of eight (8) boat slips for the purpose of Charter/Commercial operagions. Charter/Commercial boat slips that are not leased within ninety (90) days of the boating season, which for the purposes hereof shall be deemed to begin October 1`: Page 3 of 9 8oOk2O953/Page1814 Page 3 of 12 of each -year, may be utilized for. other. public purposes by Grantor including leasing to private boat owners for the remainder of the boating season. Grantor 10,),, hall exercise diligent effort at the beginning of each season to ensure it continues make available the (S) Charter/Commercial boat slips presently .occupied for .ntinued charter:m comercial use. The Grantor shall make the.remainirig sixteen j boat slips available for lease to the general public, which may include boat � leased on a transient or long term basis. In the event that more boat slips are addo Oor constructed in the future, these additional boat slips shall also be avile for lease to the general public. _ Grantor shall manage - the leasing operation of the Marina and shall establis f re al rates not more than market rent. However; in the event that the Grantor Monger desires to operate the Marina the Grantor must advise. Palm Beach Como for to any changes in management control. Grantoieill maintain and operate the Marina on a continuous basis subject to the ri ht ofcantor to tern oraril close theg � _ temporarily, Marina for the purpose of maintenance anr;�gplacement of the improvements, which constitute the Marina. Any suchWptgnance and/or repair shall be commenced promptly and be diligently comp G%. ARTICLE IV v PARKING There are currently, fbQ o (42) parking spaces on the Property. Grantor shall maintain the existingn f parking s aces for the patrons o Marina �� p g p p o f the M ina and other improvements on t{iemperty and, provided the Restaurant Parcel remains. in -use as a public restaurant, for use by patrons of the Restaurant Parcel. Grantor hereby grants .to County, .on behalf -of the general. public, the right of access to and use of the parking at the Property. Such parking shall be available for public use at the :Property in suchlocations and upon such terms,. rates and conditions as maybe established by Grantor from time to time. Parking for all uses on the Property shali:be provided as -required by the City of Boynton Beach, Florida.:. It is understood and agreed that: nothing contained in the easement granted herein shall be permitted or deemed to: supersede, alter or interfere with the rights granted. to DSS Properties L.C. by that certain. Grant of Easement dated March 15, . 2006, from the Boynton Beach Community Redevelopment Agency to DSS Properties, L.C., recorded in Official Records Book 20065, Pages 1142-1152 of the Official Records of Palm Beach County, Florida. Page 4 of 9 Book20953/Page1815 Page 4 of 12 ARTIC1LE V FUTURE L)EVELOPMENT �it1 Any sucfi7tuture constructio "off°` r navatmon sltallf not exceed {th ' (3) X1ght:—antor�slta'Il iot permit any development on the ]Property to tnfr� upon or intrude into the airspace above the ' Property. No additional de.' ment .of the Property shall occur, nor shall any further improvements or alteratipas be made to the Property which materially alter the current Marina, or whicht wise impairs, restricts, eliminates or impacts the existing marina uses upon th� erty and the access of the public thereto. ARTICLE 'VI INSURANCE . Grantor k%M1 maintain insurance against loss or damage to the improvements toi "e public has access pursuant.to this Easement including, without limitation, csl#rina by fire and the risks covered by insurance of the type now known as sand extended coverage;" aaid including windstorm, in an amount at least equaa lOreplacement cost or the maximum amount available, whichever is less, subjed� eductibles as determined by Grantor. Grantor shall also maintain flood insucoverage on the Marina under the faders[ flood insurance program in an .hunt at least equal to replaceriaent cost or the maximum a- mount availab�lt hichever is less, subJect to deductibles as determined by Grantor. All itf ce proceeds derived from casualty claims shall be used by Grantor to repair o ce the damaged improvements. In the event of any casualty, Grantor shall, at Grantor's expense, regardless of whether such casualty is covered by insurance or, if so, whether the proceeds of such insurance are sufficient to pay the cost of such repairs, promptly commence to repair. any :damage to the Marina, and thereafter diligently pursue such repair to completion using materials of like kind and quality or better. ARTICILE. VII ENFORCEMENT RIGHTS In the event of a default, breach or violation of any term, condition, covenant or restriction contained in this _Easement (a "Default"), County shall be entitled to seek to enjoin the Default and seek specific performance of the terms of this Easement and shall have the right to. invoke any rights and remedies allowed at law or in equity or by statute or otherwise. Each right and remedy of County provided for in this Easement shall be cumulative and shall be in addition to every other right or remedy provided for in this Easement or now or hereafter existing at law or in equity or by statute or otherwise and the exercise or beginning of the Page 5 of 9 Book20953/Page1816 Page 5 of 12 exercise by County of any one or more of the rights or remedies provided for in this Easement or now or hereafter existing at law or in equity or by statute or otherwise shall not preclude the simultaneous or later exercise by County of any or 11 other rights or remedies provided for in this Easement or now or hereafter fisting at law or in equity or by statute or otherwise. o Pp ARTICLE VIII o PROPERTY TRANSFER RESTRICTION grantor agrees not to sell, assign, convey or otherwise transfer the Property to anr overnmental entity without the written consent of the. County. Grantor ackao 6d that said written consent may be conditioned on, among other things, re ipt of an Opinion of Bond Counsel to the effect that the proposed transaction will not result in a prohibited use of Bond proceeds under the Resolution a e November 2, 2004, referendum authorizing the issuance of-the Bonds, and ill not adversely affect the exclusion of interest on the Bonds from th bass income of the holders thereof ..for federal income tax purposes. For p of this paragraph,I all capitalized terms shall have the meanings ascribed stle terms in that certain resolution adopted by the County on February 7, 2horizing the issuance of its $50,000,000 General Obligation Bonds (Waont Access Projects), as said resolution may from time to time be amended andlimented. TICLE IX GENERAL A Ii OCEDU.RAL PROVISIONS 9.1 .Declaration Runs with the Land. The covenant, reservations, restrictions and other provisions of this Easement shall run with the land and bind the Property and shall inure to the benefit of the County and shall burden Grantor, its legal representatives, heirs, successors and assigns in perpetuity. 9.2 Severability. If any term, covenant, condition, restriction or other provision of this Easement is held to be invalid in whole or in part by any Court of competent jurisdiction, then such holding shall in no way affect the validity of the remaining provisions of this Easement all of which shall remain in full force and effect. 9.3 Number and Gender. Wherever in this Easement the context so requires the singular number shall include the plural, and the converse, and the use of any gender shall be deemed to include all genders. Page 6 of 9 Book20953/Page1817' Page 6 of 12 9.4 Title Warranty. Grantor hereby fully warrants its title to the Property and represents that it is lawfully seized of Property in fee simple and has good right and authority to grant this Easement and that the property is free and fear of any mortgage, lien or other encumbrance which may impair the �. forceability of this Easement and agrees to defend County against the claims of Qiersons whomsoever. L '9.5 Non -Discrimination. Grantor agrees that no person shall, on the 94 408 s of race, color, sex, national origin, disability, religion, ancestry, marital status, sexual orientation be excluded from the benefits of, or be subjected to any _of discrimination at the facilities required to be operated by this Easeme t- 9.6ecordinu. County shall have the right to record this Easement in the public rec,g of Palm Beach County and to re-record this Easement as and when Cou7thi y��` ` s necessary to ensure it continued enforceability. Any re- recording cement shall automatically be deemed to relate back to the original recordingA s of this Easement and to have priority over instruments recorded subseque- ,original recording date of this Easement. V 9.7 Recitals, tecitals contained herein are true and correct and incorporated herein by rPence. 9.8 Notices. All fees and elections (collectively, "notices") to be given or delivered by or toa�f hereunder shall be in writing and shall be (as elected by the party givingl'Motice) hand delivered by messenger, courier service, or national overnight �f very service (provided in each case a receipt is obtained), or alternatively shall be sent by United States Certified Mail, with Return -Receipt Requested. The effective date of any notice shall be the date of delivery of the notice if by personal delivery, courier services, .or national overnight delivery service, or if mailed, upon the date which the return receipt is signed or delivery is refused or the notice designated by the postal authorities as non -deliverable, as the case may be. The parties hereby designate the following addresses as the addresses to which notices may be delivered, and delivery to such addresses shall constitute binding notice given to such party: 9.9.1 County: Property & Real Estate Management Division Director 3200 Belvedere Road Building 1169 West Palm Beach, Florida 33406-1544 Page 7 of 9 Book20953/Page1818 Page 7 of 12 n1 o" With a copy to: CRA Attorney Kenneth G. Spillias Lewis, Longman & Walter, P.A. (� 0 Palm Beach Lakes Boulevard Suite 1000 Beach, FL 33401 to: City of Boynton Beach 915 South Federal Highway Boynton Beach, FL 33435 With a copy to: Boynton Beach Attorney's Office 915 South Federal Highway Boynton Beach, FL 33435 Any party may from time to time change the address to which notice under this Easement shall be given such party, upon three (3) days prior written notice to the other parties. 9.9 Governing Law/Venue. This Easement shall be governed by, construed and enforced in accordance with the laws of the State of Florida. Venue in any action, suit or proceeding in connection with this Easement shall be in a Page 8 of 9 Book20953/Pagel 819 Page 8 of 12 With a copy to: Palm Beach County Attorney's Office 301 North Olive Avenue Suite 601 West Palm Beach, Florida 33401 Attention: Real Estate 9.9.2 Grantor: Boynton Beach CRA 639 Ocean Avenue, Suite 103 - Boynton Beach, FL 33435 n1 o" With a copy to: CRA Attorney Kenneth G. Spillias Lewis, Longman & Walter, P.A. (� 0 Palm Beach Lakes Boulevard Suite 1000 Beach, FL 33401 to: City of Boynton Beach 915 South Federal Highway Boynton Beach, FL 33435 With a copy to: Boynton Beach Attorney's Office 915 South Federal Highway Boynton Beach, FL 33435 Any party may from time to time change the address to which notice under this Easement shall be given such party, upon three (3) days prior written notice to the other parties. 9.9 Governing Law/Venue. This Easement shall be governed by, construed and enforced in accordance with the laws of the State of Florida. Venue in any action, suit or proceeding in connection with this Easement shall be in a Page 8 of 9 Book20953/Pagel 819 Page 8 of 12 state court of competent jurisdiction in Palm Beach County, Florida. 9.10 Entire Understanding. This Easement contains the entire nderstanding and agreement of the parties with respect to the subject matter ereof. j 9.11 Amendment. No amendment shall be effective unless the same is in wnt�ii�g and signed by Grantor, its successors and assigns and County. For pu , iks of amendment, Grantor's successors and assigns shall not include owners of res -tial condominiums constructed on the Property. !1�,,��Time of Essence. Time is of the essence with respect to the performage of every provision of this Easement in which time of performance is a factor. rF PAGE INTENTIONALLY LEFT BLAND Page 9 of 9 Book20953/Pagel820 Page 9 of 12 1 Executed and delivered this A day of 9 LOrUST, 2006. 0 Signature QMitness SToRM�'-I�_ Nom Print Name ofw s Signature of VKWitnes 'ti;ij `dobe► 7 -I-V tI o Print Name of Witness L STATE OF FLORIDA ) COUNTY OF PALM BEACH) BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 1 , Part III, F.S. By: ignature geYt Iesam 11W .n Print Name Its: C�l1A��{sJ1lsA.tJ Print Title The foregoing was sworn to and ubscribed before me this ff day of AJQ0s� 2006, by erayasafor`���s 4X-) , the Boynton Beach Community Redevelopment Agency, who personally appeared before me, and he is [check one:] ✓personally known to me OR produced the following as identification: [NOTARIAL SEAL) SUSAN E. HARRIS Ncfuy public, $tate of Florida My Comm, ff DD 248894 nit ®IplemW 23, 2007 A4Ml�tr f)arjpr N&Py seMen Book20953/Pagel821 NOTARY PUBL C, STATE OF FLORIDA My Commission Expires: ?AL21O.-I Page 10 of 12 EXHIBIT "A" LEGAL DESCRIPTION reels of land lying in Section 27, Township 45 South, Range 43 East, City f Boynton Beach, Palm Beach County, Florida, said land being and lying in Plat of Casa Loma as recorded in Plat Book 11, Page 3 of the Public corps of Palm Beach County, Florida, said land being more particularly dos,11,�ed as follows: That poCr i wof the West 34 feet of Lot 4 and all of Lots 5 through 12, inclusive, loft North and West of the Concrete Seawall shown on Boundary ancation Survey prepared by Sun -Tech Engineering, Inc., Job No. 05-2925 April 18, 2005 and signed by Mark A. Higgins, PSM No. 4439. �J s Together With: �_s The submerged landsportion of the West 34 feet of Lot 4 and all of Lots 5 through 12, incl e, lying South and East of the Concrete Seawall shown on Boundary and I Qc tion Survey prepared by Sun -Tech Engineering, Inc. Job No. 05, Dated April 18, 2005 and signed by Mark A. Higgins, PSM 1140.22 Less except therefrom a portion of Lots 10, 11 and 12 described as follows: Beginning at the Southwest corner of said Lot 12; thence North 89'57'20" East, along the South line of said Lots 10, 11 and 12, a distance of 115.13 feet; thence North 0'02'40" West, a distance of 69.44 feet to a point on a line 69.44 feet North of and parallel to the South line of said Lots 10, 11 and 12; thence South 8'9'57'20" West along said parallel line, a distance of 117.46 feet to a point on the West line of said Lot 12; thence South 1'58'03" East along said West line, a distance of 69.48 feet to the point of beginning. Parcell The South one-half (S.1/2) of a 55.00 foot abandoned Right -of -Way of Casa Loma Boulevard, lying North and adjacent to the West 34 feet of Lot 4 and all of Lots 5 through 12, inclusive, as shown on the plat of Casa Loma, recorded in Plat Book 11, Page 3, Public Records of Palm Beach County, Florida. Book20953/Page1822 Page 11 of 12 EXHIBIT "B" LEGAL DESCRIPTION T �st 16 feet of lot 4 and all of lots 1 through 3, as shown on the Plat of C� oma, Recorded in Plat Book 11, Page 3, Public Records of Palm Reach Coin --Florida. o' Book20953/Page1823 Page 12 of 12 Ir 1� � r�l I � � l l it i l I I I' I' ! I�. �I bl � 11. I' I I I p 1 R FNI 1 i LINF I 1 ,jhb j 225 E. Robinson Street, Suite 300 ®� Orlando, Florida 32801 _ ® 407.839.4006 - FAX 407.839.4008 - Certificate of Authorization Number FL #3932 Boynton Harbor Marina Phase I B Marina Open Space Construction Plans Boynton Beach, Florida IOW b pa�:n9 Itis LAYOUT PLAN Datum: N.G.V.D 1929 HS -2 CHRISTOPHER J. BROWN/RLA P,eyee a,ne.. L.A. NO. 0000703 62203.08 PHIa-7 HSP - HMnM