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Minutes 11-07-17 Town Square UpdateMINUTES OF THE SPECIAL CITY COMMISSION MEETING HELD ON TUESDAY NOVEMBER 7, 2017, AT 4:00 P.M. IN COMMISSION CHAMBERS, CITY HALL, 100 E. BOYNTON BEACH BOULEVARD, BOYNTON BEACH, FLORIDA PRESENT: Steven B. Grant, Mayor Mack McCray, Commissioner Christina Romelus, Commissioner Joe Casello, Commissioner ABSENT: Justin Katz, Vice Mayor 1. OPENINGS A. Call to Order - Mayor Steven B. Grant Lori LaVerriere, City Manager James Cherof, City Attorney Judith A. Pyle, City Clerk Mayor Grant called the meeting to order at 4:01 p.m. Invocation Commissioner McCray gave the invocation. Pledge of Allegiance to the Flag led by Commissioner McCray Roll Call Judith A. Pyle, City Clerk, called the roll. A quorum was present. Agenda Approval: 1. Additions, Deletions, Corrections Mayor Grant asked if any Commissioner was interested in speaking about partitioning of the High Ridge site as part of the Town Square presentation and update. Mayor Grant stated if the City sells the property, the land value could increase the City bottom line and the City could create a revenue stream from property taxes. Motion Commissioner Casello moved to add partition of the High Ridge site. Seconded for discussion by Commissioner Romelus. Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Vote 3-1 (Commissioner McCray dissenting) 2. Adoption B. Town Square Presentation and Updates Colin Groff, Assistant City Manager, indicated the project began more than a year ago. Mr. Groff stated the development team consisted of: City of Boynton Beach, Boynton Beach Community Redevelopment Agency, E21- Real Estate Solutions / CFB Boynton Beach Town Square, LLC, Atwater/Piper Jaffray, ADG Architects, HJ High Construction, REG Architects, Straticon, Inc., Baker Barios Architects, Haskell Construction, Kimley-Horn Engineers, JKM developers/Blackrock, Finfrock Industries. Mr. Groff reviewed the purposed project schedule. He stated the Commission provided approval to initiate the project on July 18, 2016. The Draft RFQ was reviewed by the Commission on September 20, 2016. Part I Team Shortlisted on January 17, 2017. The Part II Final Team selection was April 18, 2017. The Phase I contract approval was June 12, 2017. The contract was executed June 20, 2017 for Phase I services. The historical High School renovation work began August 1, 2017. Mr. Groff stated there have been partnering Meetings conducted July 27, 2017 and September 28, 2017 to establish project goals. The Commission received updates on August 21 and September 25, 2017. There were Public Meetings / Charrettes held during July through August 2017. Mr. Groff indicated Phase I Services will be completed November 2017. Mr. Groff continued with the project timeline for the Commission approval to initiate the Town Square Project. Phase I services consisted of 30% design services for Police Station, Fire Station, City Hall, Library, parking garages and Civil infrastructure. The Guaranteed Maximum Pricing (GMP) for each public component of the project has been provided for Commission to review. The private development conceptual site planning has been reviewed by staff. The site plan and associated information will be submitted to the City for the formal review and approval process within one week of consensus to move forward with the project. Phase II contract development was underway. The Project financing package will be submitted by the Development Team on November 17, 2017. An update was presented to the public on November 1, 2017. The City Commission was meeting to discuss Phase II, the contract and financing plan on December 5, 2017. Tentative Phase II Contract approval including a (GMP) Guaranteed Maximum Price and financing plan. January 15, 2018, all contracts executed and Phase II design/ construction should be underway. March 1, 2018 construction starts on Police Station and Fire Station sites. April 1, 2018 Library staff/systems relocated to Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 temporary facilities to start construction on a new City/Hall Library complex. May 1, 2018 demolition of existing Civic Center buildings and Library for construction of the new City Hall, south garage and residential units. June 1, 2018 construction to begin on the garage and City Hall/Library begin construction along with infrastructure for south quadrant on Town Square. August 1, 2018 the Historic High School construction should be completed. The next phase would be to have furniture, fixtures, equipment installation. September 1, 2018 City civic functions and staff relocated to Historical High School and operations commence. May 1, 2019 Police Department and Fire Station 1 buildings completed. September 1, 2019 City Hall/Library completed and demolition starts for north grid construction. Mr. Groff indicated the Master Plan consist of 16.5 acreage site. The site would have full underground utilities and telecommunication infrastructure, new roadways, landscape, lighting and pedestrian access. He stated the current cost current Construction Costs: Site Work $10,574,480. Utilities $3,073,572. Demolition cost of $2,040,202. Mr. Groff showed the inside of the Old High School. The floor could not be saved; boards were placed on the floor. The demolition work consisted of 28,000 square feet. Mr. Groff continued to the next item, Town Square/City Center. Commissioner Casello inquired about the art fee for $100,000 would be incorporated into the entire project. He asked why each building has certain dollar amount assigned to it. Mr. Groff replied the City was carrying the art fee for each individual component. He responded yes, it would be combined when we get to that level. He wanted to make sure these fees were accounted for. The fee was for the art and the permitting. Mr. Groff stated he wanted to make sure the City knows how much each component was costing. Mr. Groff informed the Commission of changes from the last update. He noted there were some construction issues that were found. He stated the City could save substantial money on the construction of the building by going to a tilt wall construction. Also, indicated if the chamber was moved to the outside wall, the City could see a cost savings there as well. He said the original design had the chambers inside the building. If the chamber was moved outside it would cut a lot of cost of the steel. That was substantial saving. Mr. Groff indicated if the rounded wall was squared it would make the building stronger. He said the second floor was the same. Commissioner McCray asked if staff was consulted in the design. He indicated the staff would be utilizing the space. Mr. Groff explained he did space programming. The team met with all departments that will be in City Hall, individually as well as a whole. The team walked through all of staff's needs. Staff has input regarding the square footage and design ideal were addressed. A Librarian from the firm worked directly with the City Library staff to ensure the functionality the Library needed 3 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 would be incorporated into the allocated space. He indicated all of the users had input. Commissioner McCray asked if this was the Library consultant used for the prior Library. Mr. Groff replied this was a different consultant. Mr. Groff indicated the next topic was the parking garage. The south parking garage was located just south of the new City Hall. The City would place some public restrooms in the garage. This would be finished, air-conditioned rest rooms. The rest of the garage was for public/ private parking. All of the private parking was being paid for by the developer. Mr. Groff stated if the City owns the parking garage it will control the parking. He explained the garage has 7 parking decks and 827 parking spaces; it includes public/private and residential parking. Current construction cost was about $14M. The large LED screen would be about $1.8M to install. He stated he believes some sponsors could be brought in to pay for the screen, outside of the project. Commissioner Casello asked in what direction the screen faces. Mr. Groff responded the screen would face the park. He indicated there are trees that needed to be moved, but he informed the Commission this cost was already budgeted. The trees would be moved to a better area of the park. Commissioner Casello asked if the City was charging for parking. Mr. Groff responded currently the City would not charge for parking. He stated as the parking areas become more popular, staff could make the decision to charge. He indicated the fee for parking was not built into the budget. Mayor Grant asked if the garage would have certain time when parking was not allowed. He did not want the garage used for storage. Mr. Groff stated the City would need to hire a Parking Management Company. The company would make sure that there is no overnight parking. Commissioner McCray asked about the large LED screens on the garage, would there be speakers. Mr. Groff replied there are plans to add sound and high speed Wi-Fi, with speakers throughout the park. Mr. Groff continued the Fire Station 1 was being relocated to NE 1st street; it has a two story building with three apparatus bays. He indicated this building was over budget. The cost for this building was $4.9M. The original budgeted cost was $3.9M. Commissioner Casello indicated he worked in fire stations for more than 30 years. He asked if this was something new in Florida fire stations. He indicated the building looked space age. Mr. Groff agreed the fire station needed some work. He also acknowledged it does not match the Town Square design. Commissioner McCray asked for the present square footage of Fire Station 1. Mr. Groff stated he did have the answer. lI Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Mr. Groff indicated the Police Department on the High Ridge site was purchased as a safety complex. The site was 5.4 acres. He indicated an acre of the site had a storm water pond as well as a berm required by the Quantum Park Overlay district. There was about 4.5 acres available for the Police Station. He also stated the Police Department site needed to use a little of the Fire Department property to make it work. The team looked into using only 2 acres of the High Ridge site. He informed the security was an issue; a 10 to 12 feet masonry wall would be needed to separate the different uses. Also, the building would need to go up 3 or 4 stories. Mr. Groff indicated the big ticket item would be the need to build a parking garage. Mr. Groff informed the Commission the cost for the parking garage could be between $16,000 to $20,000 per parking space. The cost would be somewhere between $12M to $20M. He indicated this would be to squeeze the Police Department on 2.5 acres. Commissioner Casello asked how much the parking garage that is currently being built. Mr. Groff replied the original garage would hold 300 cars and it would be built at a cost of $6M. Commissioner Casello asked why are we are building a 200 car garage for $12M. Mr. Groff explained this was not just for the garage, it was the building as well. When you go multiple stories the building cost increases. Commissioner Casello asked how much to build the garage here in Town Square. Mr. Groff stated the cost was $14M. to build. Commissioner Casello asked why it is the same price. Mr. Groff indicated it would be additional for the building. It would be for 800 cars. It would be an additional $5 to $6M. It would be additional for the accessory for the building. He stated that this was a very rough number. Commissioner Casello stated this was the problem. He indicated he was on board with the project, but the City does not know the cost of the building. He said the City was designing a building, but do not know how the City was going to pay for it. Mr. Groff indicated that the original budget was $20M; the City was about $1.6M over budget. He stated they are close to the original budget amount. He indicated that he could be off about 20%. Commissioner Romelus asked where the parking garage would be built. She asked if it would be under the police department or a separate building. Mr. Groff stated that it would be a separate structure. He said that 2.5 acres was not enough space to build a Police Station. He stated this site was not great for any type of business, because of the access. He continued to say, anything can be built. But it would cost a great deal of money. Commission Casello asked why so many parties are interested in this parcel. Mr. Groff indicated the last unofficial offer was $2.5M. He said this was a little less than $500,000 per acre. 9 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Commissioner Casello asked if Mr. Groff would say the High Ridge property was the most valuable acreage that the City of Boynton Beach owns. Mr. Groff replied he was not sure of the value. Mr. Groff noted there was value to the sale of land and the potential use of land. The Commission has spoken about the High Ridge site several times. The estimated taxes could possibly be between $20,000 to 30,000 per year. There are no other properties available at this time for the Police Department. He stated that could change in the future. Mr. Groff stated it may be the most valuable piece of property the City owns, but it is difficult to get to. He explained there are other issues regarding the property. Commissioner Casello asked if the Police Department would share some of those same issues. Mr. Groff stated the difference would be the police department is not a peak hour user. He continued to agree, there are some concerns. Commissioner Casello asked when the property was purchased. Mr. Groff replied the property was purchased 2004 for $4.5M. Commissioner Casello stated the property was purchased 13 years ago. Commissioner McCray indicated the reason why the relocation of the Police Department was because of the cramped quarters now; he was not in favor of placing the police department in another cramped area. He wanted to be diligent and fair. Mayor Grant indicated he was concerned with the feasibility of the site. He noted the present City Hall /Police station/ Fire station were on 3.7 acre which was a lot less, he stated there was a garage as well. It costed about $5M to $10M to build. Mr. Groff said it was about $20,000 per space. Mayor Grant stated it was about 100 spaces is about $2M. The Mayor indicated the City was able to use the CRA parking lot. He said he was not in favor of partitioning the parcel on High Ridge Road. Commissioner Casello stated the property was purchased in 2004 for $4.5M. Commissioner Casello noted no one wants to talk about change. He was in favor of partitioning the High Ridge site. He continued to state this was the most valuable property the City owns. Commissioner Casello noted there have been inquiries about buying the property. He believes that the money the City would get from selling the land plus the potential ad valorem tax was worth the reconsideration. Mr. Groff indicated this was a policy decision. He said whatever the Commission decides, staff would proceed as directed. Commissioner Casello contended the direction was hand -fed to the Commission. N Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Mayor Grant asked for a Motion to partition the land on High Ridge Road. Motion Commissioner Casello made Motion to partition the High Ridge Road land. Motion failed without a second. Mr. Groff stated the next project was a Centralized Energy Plant for all of the cooling needs of the downtown district. This would be set up as a utility. The City would charge customers to use the chilled water. Right now it was located on the north garage edge. That may not be the final site. He stated this would be the worst site, cost wise. Commissioner Casello asked why Mr. Groff has not spoken about fuel cells. Mr. Groff stated that the fuel cells technology has been around for a long time. Generally they are used in areas where electricity costs were high. The fuel cells produce electricity and uses natural gas. The fuel cells work very well. The power cost in Florida was always very low. It was becoming more active because of back up power. Mr. Groff explained when there are critical infrastructure outages; generators must be used, they are very expensive to run and maintain. An option would be to install a fuel cell to provide base power for these critical structures; the City would run the fuel cell all the time, creating that base power. The peak power would come from the power company for supplement. Staff has looked at different power plans. One was at the east power plant. Staff has looked at the District Water Plant as an option to provide the temporary backup. Mr. Groff stated this was a very green system. When all the facts are available, staff would bring it to the Commission. One of the ways you can use the fuel cells, was to enter into an agreement where power is purchased, the company that owns the fuel cells put the fuel cell in, then sell the power from the fuel cells. The question becomes is it a savings. FPL costs are going up, so it is becoming more attractive in Florida. The City was looking at the different options. Commissioner Casello stated he likes the idea that it was green and cost effective. Mayor Grant stated beside the fuel cells, was staff looking into solar and wind turbines. Mr. Groff replied absolutely. He noted wind in Florida is not high enough consistently. Mayor Grant said he was speaking of the circular not the propeller wind turbines. Mr. Groff stated staff was looking at solar. He indicated some of the solar items can be expensive, but the payoff would be worth it. Commissioner Casello asked if the chilled water will be for all the residents as well as the new buildings. Mr. Groff indicated that was the plan. Commissioner Casello 7 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 asked would this be the same thing the fuel cell would be doing. Mr. Groff stated that it could serve the entire complex or pieces of the complex. The City would do what would make sense financially. The key critical infrastructure needs to run. Commissioner Romelus asked if there was potential for growth for the District Energy Plant. Mr. Groff stated that yes the City is going to build the plant so the District Plant can serve other projects. Mr. Groff stated the north parking garage was not going to be built right away. The question was does the City want the private developer to build the garage. In the financial package, there are advantages to both ownership and non -ownership. He stated the bottom floor of the garage can be activated. There are some other interests in the garage. He continued to say there could be some office and retail space. The cost for this was almost all privately paid. If the City builds this it would be paid for through the private uses. The project was about $18.6M, the first floor shell for the YMCA would be $2M. If the City does not build the shell, we could do the garage for $16.6M. The City would not build the shell unless there was a contract in place. Commissioner Romelus asked if the partnership with the YMCA or whoever it ends up being, depends on whether or not the City owns the garage. Mr. Groff stated that it can work either way. He believes there were many options. Commissioner McCray indicated his concerns are with all of the development downtown; his concern was with the parking. He stated the City lost part of the parking area since the Old High School was being renovated. Mr. Groff said a traffic study was completed. Commissioner Casello stated that he believed that the south end of the project would go first. Mr. Groff replied yes. Commissioner Casello asked what the timeline for the north end was and do we have a contract. Mr. Groff indicated there was a timeline of 12 to 18 months. Commissioner Casello asked if that would be in a contract. Mr. Groff said yes. Mr. Groff introduced Keith O'Donnell of Avision Young. Mr. Keith O'Donnell of Avison Young indicated his company was asked to take a look at the current plan and how to activate the plan. The company works with governmental agencies. He noted the restaurant space and the City has a great reputation for craft beers, the City could have some artesian that could create some glasses. The City has some very interesting ideas. :, Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Commissioner McCray informed the speaker nothing has been shared with the Commission. Mr. O'Donnell said this was an opportunity to have both start up and small business expansion. He noted the City could have class room education, makers' space, you - work and an opportunity to collaborate together with other businesses. Commissioner Casello asked was this the same thing that we will have in the Old High School. Mr. O'Donnell indicated Avision Young was inviting Higher Education to connect and incubate accelerated business growth opportunities. He stated some of the projects were the FAU Teach Runway, Lynn University, and Palm Beach State College. A representative with the Superlative Group indicated his company provides evaluation and sales services. The company has done many projects in South Florida. He has put together a rough draft of possible naming rights for City Common Park and Amphitheater, Parking Garage and Digital Boards, the Historic High School Community Center, the New Park with Kids Kingdom Playground. The evaluation estimates for City Common Park and the amphitheater would be about $75,000 annual free over 10 years, parking garage and digital boards $30,000, the Historic High School Community Center estimate of $30,000. The revenue generated from Digital Board advertising (up to $100,000 per year) if naming rights to all four assets were sold, the City of Boynton Beach could reasonably expect to generate $1.7M to $3M over 10 -year terms. Mayor Grant asked if this was something like purchasing a cobblestone paver. Commissioner McCray said this would come with a cost correct. Mr. Groff replied yes. Mayor Grant asked if it would be for corporations as well. Mr. Groff replied yes. Mr. Graham White provided an update on tax credit options providing additional funds. He has identified three areas for tax credits: the High School, Parking Garage A and the Library portion of City Hall. The Potential Value of $3,000,000 - $4,000,000. Additionally, if the YMCA was located in the North Garage, the amount of new markets could be greatly increased to cover at least 20-25% of additional garage construction cost. He stated there was a potential value of $1,500,000 - $2,500,000. Mr. Groff stated staff was working with the Building Wealth Program. Mr. Groff indicated the projected cost estimate was $94,500,000. The current estimated coast was now $133,326,000. He explained there was an added cost of $12M, approximately $1,2550,000 -1.4M was for temporary Library space and collection archiving and RFID tagging. Increasing the size of the south garage by 67% to provide parking for the additional $8M, adding in a Central Energy Plant as an Enterprise Utility Fund to provide energy to the project $10M, additional 0 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 underground utilities and hardscape for additional development and larger park area, and construction costs higher than anticipated due to market demand $4.5M. He stated there are other sources that show that staff can meet the original plan. Mr. Groff indicated the Commission needed to finalize the financial plan. There needs to be some interim financing package. Commissioner Casello stated in June the budget was up $38M. The plan was presented as a neutral cost to the City. What type of effect does this have on the long term bond rating? Mr. Tim Howard, Assistant City Manager, replied it would certainly have an effect on the City, because it would be long term debt. He stated he was very cautious; he would be in a better position to discuss once he had all of the numbers. Commissioner McCray wanted to know when this would come back to the Commission. He wanted to use common sense as well. Mr. Groff stated the plan was to come back on December 5, to bring final costs. Staff would not recommend a project the City could not afford. Staff would provide a plan that meets the City needs and provide stability. When the Commission approves the project, it would be financially feasible. Commissioner McCray asked what about the Old High School. Would it have any impact on the Old High School? Mr. Groff stated there are options. He believes this can be done. Commissioner McCray said whatever was brought back, would the school house be completed. Mr. Groff stated that was correct. The Old High School will be completed. Commissioner Romelus asked what is being done to make sure the developers or the vendors are giving the City competitive pricing. Mr. Groff replied that that was part of the project. The vendors are encouraged to use local suppliers and have competitive bidding. Commissioner Romelus asked how the City can be sure that they are getting the best pricing. Mr. Groff indicated this was staff responsibility to make sure the pricing was in line with the City, are they meeting that local business. We must make sure that they are following the purchase. Commissioner Romelus stated staff has a lot on its plate. Staff needs to have the time to go through the invoices and make sure invoices and prices are competitive. Mr. Groff stated the cost included having contract employees to oversee the purchases. The contract employee job was to look at each invoice to make sure the City was not being overcharged. Commissioner Romelus indicated she wanted to have consistency with the slides. Mr. Groff agreed. 10 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 Commissioner McCray asked if Mr. Groff has ever done this type of project. Mr. Groff replied that he has, with J.A. Company as well as the City of Tallahassee. Mayor Grant stated that there was a consensus moving forward with the December 5th timeline. There was a consensus to move forward with the project. 15. ADJOURNMENT Mayor Grant asked for a motion to adjourn. Motion Commissioner Romelus moved to adjourn. Commissioner McCray seconded the motion. Vote The motion unanimously passed. The meeting was adjourned at 5:10 p.m. (Continued on next page) 11 Special Meeting Minutes City Commission Boynton Beach, Florida November 7, 2017 ATTEST Jud" A. Pyle, CMC City Clerk Queenester Nieves Deputy City Clerk 19 CITY B N BEA H i Mayor,even B, Grant 1V/ •7i Co missior� - Chrisfn Romelus 6. Co missioner - Joe Casello qP) T,bO%N BOYNTON BEACH 66 Bringing the Community Together 99 Commission Update Phase 1 November 7, 2017 DEVELOPMENT TEAM • City of Boynton Beach • Boynton Beach Community Redevelopment Agency • E21- Real Estate Solutions / CFB Boynton Beach Town Square, LLC • Atwater/Piper Jaffray • ADG Architects • HJ High Construction • REG Architects • Straticon, Inc. • Baker Barios Architects • Haskell Construction • Kimley Horn Engineers • JKM Developers/Blackrock • Finfrock Industries 4*) 'T.40" SOUARE BOYNTON BEACH PROJECT TIMELINE • Commission Approval to initiate project — July 18, 2016 • Draft RFQ Review by Commission — September 20, 2016 • Part I Team Shortlist — January 17, 2017 • Part II Final Team Selection —April 18, 2017 • Phase I Contract Approval — June 12, 2017 • Contract Executed June 20,2017 for Phase I Services • High School Historical renovation work started August 1, 2017. • Partnering Meetings conducted July 27, 2017 and September 28, 2017 to establish project goals and set charter. • Commission updates on August 21 and September 25, 2017 • Public Meetings / Charrettes — July through August • Phase I Services Completion — November 2017 IT.40%VN SQUARE BOYNTON BEACH PROJECT HIGHLIGHTS • Phase 130% design services for Police Station, Fire Station, City Hall, Library, Parking Garages and Civil Infrastructure is complete. • Guaranteed Maximum Pricing for each public component of the project has been provided for City review. • Private development conceptual site planning has been reviewed by staff. • The site plan and associated information will be submitted to the City for the formal review and approval process within one week of consensus to move forward with the project. • Phase II Contract development is underway • Project financing package will be submitted by the Development Team on November 17, 2017 r .TmowN SQUARE BOYNTON BEACH PROPOSED PROJECT SCHEDULE November 1, 2017 — Update to public through forum to showcase enhancements and integrated comments November 7, 2017 — City Commission meeting to discuss Phase II contract and financing plan December 5, 2017 — Tentative Phase II Contract approval including a (GMP) Guaranteed Maximum Price and financing plan January 15, 2018 — All contracts executed and Phase II design/ construction underway March 1, 2018 — Construction starts on Police Station and Fire Station sites April 1, 2018 — Library staff/systems relocated to temporary facilities to start construction on anew City/Hall Library facility 4) IT.40" SOUARE BOYNTON BEACH PROPOSED PROJECT SCHEDULE (continued) May 1, 2018 — Demolition of existing civic buildings and library for construction of City Hall, south garage and residential units June 1, 2018 — Garage and City Hall/Library begin construction along with infrastructure for south quadrant on Town Square August 1, 2018 — Historic High School construction completed and furniture, fixtures, equipment install begins Sept. 1, 2018 — City civic functions and staff relocated to Historical High School and operations commence May 1, 2019 - Police Department and Fire Station 1 buildings completed Sept. 1, 2019 - City Hall/Library competed and demolition starts for north grid construction 4) 'T.40" SOUARE BOYNTON BEACH psi cow &I 1. ��� � �sr� y �' • ,&'10 PROPOSED MASTER PLAN 4) ,T.40vm SQUARE BOYNTON BEACH Site Area: Proposed Improvements: Current Construction Costs: Cost Summary: Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit Fees Contingency Total 16.5 Acres Full underground utilities and telecommunication infrastructure, new roadways, hardscape, landscape, lighting and pedestrian access. Site Work / $10,574,480 Utilities / $3,073,572 Demolition / $2,040,202 Building Statistics and current GMP $ 10, 574, 480 $ 3,073,572 $ 2,040,202 Site Work Utilities Demolition $ 7,736,888 $ 2,618,833 $ 1,758,745 $ 1,419,411 $ - $ - $ 528,724 $ 153,679 $ 102,010 O $ 330,152 $ 99,752 $ 41,510 SOUARE $ 172,461 $ 70,366 $ 50,000 $ 386,844 $ 130,942 $ 87,937 BOYNTON BEACH $ 10, 574, 480 $ 3,073,572 $ 2,040,202 D.— wrw sw 6385 TOWN SQUARE CIVIC CENTER SQUARE BOYNTON BEACH .741 SFy JAIiII • SF �. 11= © � . Q VV, SA CAB Affr 72 SF R .. W m i Lu y �SESE < PROGRAM 1st FLOOR WITH NEW ELEVATORS To support relocation of Civic Center, the Madsen Center and Art Center O SOUARE BOYNTON BEACH Open seating Approx 600 Dining Seating Approx 350 0 •I• C A vLZ WW- m a 2C O � c9==O o p ,x. i PROGRESS ON THE HISTORICAL HIGH SCHOOL ,T.4owN SQUARE BOYNTON BEACH Building Square Footage: Building Construction: Proposed Use: Current Construction Costs: Cost Summary: 28,402 SF Masonry/stucco with wood roofing system and steel trusses in auditorium Recreation and Civic functions, Rental for private functions and potential caf6 $10,531,358 Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Total Estimate $ 7,046,559 $ 1,946,486 $ 689,292 $ 343,323 $ 105,698 $ 400,000 $ 10, 531, 358 Building Statistics and current GMP ,T.40WN SOUARE BOYNTON BEACH r flf•' ' ' iii ff � . � i _�' �- �:•: _ �rs�.•'-got ��. � ��r.r i r1064,011. I�t all' - 0 0 TOWN SQUARE CITY CENTER IT.40vm SQUARE BOYNTON BEACH on TOWN SQUARE CITY CENTER 4v) ,T.40" SOUARE BOYNTON BEACH Building Square Footage: Building Construction: Proposed Use: Current Construction Costs: Cost Summary: 105,255 SF Tilt -wall, Steel Structure with masonry/glass exterior City Services, Operations, Administration and Library Services $26,980,747 Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Total Estimate 21, 069,103 2,047,000 1,349,037 853,231 608,921 1,053,455 26, 980, 747 Building Statistics and current GMP 'T.40" SQUARE BOYNTON BEACH SOUTH PARKING GARAGE With proposed LED screen for Park Events O SQUARE BOYNTON BEACH SOUTH PARKING GARAGE ,T'OWN SOUARE BOYNTON BEACH Structure Layout: Building Construction: Proposed Use: Current Construction Costs: (Large LED Screen Alt.) Cost Summary: 7 Parking Decks Pre -cast concrete 827 Parking Spaces including Public, City Staff, Residential Parking. Public restroom facility adjacent to park. $14,1659346 $ 197859258 Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Total Estimate 12,127, 905 491,654 957,699 40,238 290,308 257,542 14,165, 346 Building Statistics and current GMP hT.Ovm SOUARE BOYNTON BEACH V 01. ILI w 10 wl F IL IN is w 10 wl F IL IN is z SECOND FLOOR PLAN i FIRST FLOOR PLAN n .nr.r4r FIRE STATION #1 fp> IT.40vm SQUARE BOYNTON BEACH Building Square Footage: Building Construction: Proposed Use: Current Construction Costs: Cost Summary: 11,235 SF Masonry/stucco with steel truss roofing and apparatus bays Fire Station #1 staff and equipment and special event public safety $4,895,140 Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Total Site Work $ 3,235,700 $ 956,240 $ 251,980 $ 127,650 $ 323,570 $ 4,895,140 Building Statistics and current GMP ITMOWN SOUARE BOYNTON BEACH 7A POLICE DEPARTMENT BUILDING IT.40" SOUARE BOYNTON BEACH Aiwm loom 0.0 mx j tilF.� r iY kms`t ( j z a w L OEM S2 Q�= CL POLICE DEPARTMENT BUILDING IT.40vm SOUARE BOYNTON BEACH Building Square Footage: Building Construction: Proposed Use: Current Construction Costs: Cost Summary: 58,234 SF Tilt -wall, Steel Structure with Building masonry/glass exterior Statistics Boynton Beach Police Department and current $21,652,685 G M P Cost Category Estimate Construction $ 15,386,150 General Conditions & Design $ 2,971,836 Design -Build Fee $ 1,198,196 Performance Bonds/Insurance $ 557,888 Permit/Art Fees $ - Contingency $ 1,538,615 ITMOVM Total $ 21, 652, 685 SOUARE BOYNTON BEACH DISTRICT ENERGY PLANT ,T.40" SOUARE BOYNTON BEACH v v rrrr r r■ rrr ■ rr j I f r ■ n n � 1 LLNLti DISTRICT ENERGY PLANT 4) IT..40vm SQUARE BOYNTON BEACH Plant Size: Building Construction: Proposed Use: Current Construction Costs: Cost Summary: 2,700 ton plant Tilt -wall, Steel Structure with masonry exterior including sound attenuation panels for cooling towers Chilled water supply to all buildings $10,447,544 Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Total Estimate 7,981,783 939,725 522,377 334,573 269,997 399,089 10,447, 544 Building Statistics and current GMP SQUARE BOYNTON BEACH I , -1 0, ol o !o A W`M NORTH PARKING GARAGE ,T.40vm SOUARE BOYNTON BEACH Structure Layout: Building Construction: Proposed Use: Current Construction Costs: (1St Floor Shell Cost) Cost Summary: 7 Parking Decks Pre -cast concrete 927 Parking Spaces including Public, City Staff, Residential Parking. Public restroom facility adjacent to park. $1896509000 ($ 2,000,000) Cost Category Construction General Conditions & Design Design -Build Fee Performance Bonds/Insurance Permit/Art Fees Contingency Inflation Total Esti mate 14,658,551 1,115, 832 794,001 109,557 228,795 257,542 1,485,722 18, 650, 000 Building Statistics and current GMP O SQUARE BOYNTON BEACH 2ND FLom P --It— Nam - 610 Pe pk a D" = 320 People PLANNED LEASE SPACE • Retail •Restaurants • Higher Education • Commercial Office • Exercise ,T.0vjw SQUARE BOYNTON BEACH �['�i�FEFtis1 CITY OF BOYNTON BEACH/TOWN SQUARE REDEVELOPMENT// Lease Space LEASE SPACE OVERVIEW IT..OVM SOUARE BOYNTON BEACH Inviting Higher Education to connect and incubate and accelerate business growth opportunities. FAU Tech Runway Lynn University Palm Beach State College Startup Business Collaborators ITMOWN SOUARE BOYNTON BEACH At -a -Glance: Number of offices: 81 Florida offices: 7 Local Projects: • Kaufman & Lynn HQ • Mizner Park • FAU R&D Park • BRIC / IBM • Office Depot • ipic Sia^M�i*4dt {. 40 I Avison Young IT.40vm SOUARE BOYNTON BEACH POTENTIAL NAMING RIGHTS FOR TOWN SQUARE • City Common Park and Amphitheater • Parking Garage and Digital Boards • Historic High School Community Center • New Park with Kids Kingdom Playground ,T.40" SOUARE BOYNTON BEACH CITY COMMON PARK + AMPHITHEATER $75,000 - $100,000 annual fee over 10+ years PARKING GARAGE + DIGITAL BOARDS $30,000 - $60,000 annual fee over 10+ years • Revenue generated from Digital Board advertising (up to $100,000 per year) HISTORIC HIGH SCHOOL COMMUNITY CENTER $30,000 - $60,000 annual fee over 10+ years NEW PARK WITH PLAYGROUND $20,000 - $30,000 annual fee over 10+ years If Naming Rights to all four assets were sold, the City of Boynton Beach could reasonably expect to generate $1.7 million - $3 million over 10 -year terms. NAMING RIGHTS VALUATION ESTIMATES The Superlative Group 0%" SOUARE BOYNTON BEACH IN PALM BEACH COUNTY+ FLORIDA THROUGHOUT THE COUNTRY HARRIET HIMMEL THEATRE at CityPlace: Palm Beach, FL MILLENNIUM PARK: Chicago, IL SIMILAR • Himmel Family: Donated $2 million in 2000 $5 million gift: $3 million gift: • Chase Promenade • AT&T Plaza BENCHMARKS MANDEL PUBLIC LIBRARY: West Palm Beach, FL • McCormick Tribune Plaza + Ice Rink • Boeing Galleries • The Mandel Foundation: Awarded a $5 million grant to the West • BP Pedestrian Bridge • Exelon Pavilions Palm Beach Library Foundation in 2012 • Wrigley Square RICHARD AND PAT JOHNSON HISTORY MUSEUM: Palm Beach DAVID D. LAWRENCE CONVENTION CENTER: Pittsburgh, PA County, FL • Dollar Bank: NR to the main ballroom for $3 million over 20 years • $3 million donation on a $15 million campaign • NORESCO: NR to the riverside terrace for $750k over 20 years ROBERT AND MARY MONTGOMERY BUILDING HQ for Palm Beach EISEMANN CENTER FOR THE PERFORMING ARTS: Richardson, TX County: Lake Worth, FL Countrywide (now Bank of America): NR to a theater and banquet • Montgomery Family donated the building hall for $1.25 million CITY OF MIAMI BEACH: Miami Beach, FL CENTRAL PARK PLAZA: Valparaiso, IN • Coca-Cola: Citywide pouring rights sponsorship worth $7 million • Porter Health: NR to the amphitheater for $210k per year (ongoing) over 10 years • William E. Urschel Family: NR to the pavilion for a $3 million gift SECU PLAZA at the Asheville Art Museum: Asheville, NC • State Employees' Credit Union: NR to the museum's outdoor plaza for a $1.5 million gift CITY OF CAREFREE: Carefree, AZ • Carefree Kiwanis Benefit Foundation: NR to the splash pad for $100k O over 7 years SQUARE BOYNTON BEACH Tax Credit Options providing additions funds • New market tax credits: Can be placed on the High School, Parking Garage A and the Library portion of City hall. • Potential Value of $3,000,000 - $4,000,000 • Additionally, if the YMCA could is located in the North Garage, the amount of New markets could be greatly increased to cover at least 20-25% of additional garage construction cost. • Potential Value of $1,500,000 - $2,500,000 TAX CREDITS INFRASTRUCTURE O SQUARE BOYNTON BEACH • High School Renovation Updates • Local Boynton Beach Contractors • Local Boynton Beach Vendors Utilized • Local Boynton Beach Employees Hired • White Paper and Building Wealth Program created jointly with City Staff and Development Team • Subcontractor and Vendor Web Link Established and entities are now enrolled • Potential Economic Impact being measured for success with monthly reporting for Phase II efforts. BUILDING WEALTH PROGRAM UPDATE IT.40" SOUARE BOYNTON BEACH Original Current Change from Project Component Estimate Estimate 6/20/2017 Cost City Hall 111750,000 0 (11,750,000) Library Renovations 2120000 0 (2,200,000) Summary City Hall/Library 0 26,980,747 26,980,747 Demolition 2,100,000 250405202 (59,798) Site Infrastructure 129500,000 15,688,254 311881254 Police Building 19,200,000 21,652,685 2,452,685 Fire Station #1 3,9009000 4,895,140 9951140 High School 10,100,000 10,531,358 4311358 Parking South 5,900,000 14,165,346 8,2651346 Parking North 18,000,000 18,65000 65000 District Energy 0 10,447,544 10,447,544 Development Costs 2005000 2,000,000 0 Soft Costs 2,275,000 21,27500 0 Furniture 2,000,000 3,000,000 1,000,000 Carrying Costs 1,400,000 100,000 (400,000) IT.O Contingency 1,175,000 0 (15175,000) SOUARE B OY N TO N BEACH Total 9495009000 133,3269276 389826,276 • Replacing and upgrading the existing library to provide additional land for private development which allows attainable (workforce) housing within the project / $12,000,000 • Approximately $1,250,000 - $1,400,000 for temporary library space and collection archiving and RFID tagging • Increasing the size of the south garage by 67% to provide parking for the additional residential units / $8,000,000 • Adding a Central Energy Plant operating as a enterprise utility fund to provide energy to the project / $10,000,000 • Additional underground utilities and hardscape for additional development and larger park areas / $3,500,000 • Construction costs higher than anticipated due to market demand / $4,500,000 Major Cost Changes IT.40" SOUARE BOYNTON BEACH • Continue to reduce overall project costs through workshops with staff and the development team • Finalize the financial plan to cover additional costs while maintaining financial stability for both the CRA and the City • Finalize a draft Phase II contract for the project • Finalize an interim financing plan to cover costs until permanent financing is available Staff Recommendations • City Staff is requesting consensus from the City Commission to move to contract development for submittal to the City Commission on December 5, 2017 • CRA Staff is requesting consensus from the CRA Board for continued support of the project through partial funding from the CRA Budget Next Steps 'T.40VM SQUARE BOYNTON BEACH • BOYNTON BEACH QUESTIONS?