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Agenda 03-13-19 d BEACK�,,,,,,CRA OWN= COMMU REDEVELOPMENT E Y Community Redevelopment Agency Board Meeting Wednesday, March 13, 2019 -6:30 PM Intracoastal Park Clubhouse, 2240 N. Federal Highway 561-737-3256 AGENDA 1. Call to Order 2. Invocation 3. Roll Call 4. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 5. Legal 6. 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 7. Announcements and Awards A. The 5th Annual Blarney Bash on March 16, 2019 located at Dewey Park and E.Ocean Ave from 4:00 PM to 9:00 PM B. Rock the Plaza on April 13, 2019 at Ocean Plaza from 12:00 pm to 4:00 pm 8. Information Only A. Marketing and Business Development Campaign 9. Public Comments 10. CRA Projects in Progress A. CRA Economic Development Update B. Sara Sims Park Project Update C. The Ocean Breeze East Project Update D. FY 2017 -2018 Update for the Non-profit Organization Grant Agreement with the Community Caring Center of Greater Boynton Beach Inc. E. FY 2017 -2018 Update for the Nonprofit Organization Grant Agreement with Habitat for Humanity of South Palm Beach County 11. Consent Agenda A. Financial Report Period Ending February 28, 2019 B. Finance Department Purchase Orders for amounts exceeding $10,000 for the month of February 2019 C. Approval to Maintain Contract with FordHarrison, Global HR Lawyers for Human Resource Services 12. Pulled Consent Agenda Items 13. Public Hearing 14. Old Business A. Consideration of Grant Agreement with Habitat for Humanity of South Palm Beach County for the Boynton Beach CRA FY 2018-19 (Winter) Nonprofit Organization Grant Program B. Consideration of the Contract for the 2019 Pirate Fest and Mermaid Splash Management Firm, Standing Ovations, LLC C. Discussion of the Goals and Objectives of the Neighborhood Officer Program D. Consideration of Approval of Costa Center, LLC's Performance Audit for Year Ending December 31, 2018 for the Casa Costa Project for Compliance with the Direct Incentive Funding Agreement E. Consideration of Approval of Boynton Village, LLC a/k/a The Preserve's Performance Audit for Year Ending December 31, 2018 for Compliance with the Direct Incentive Funding Agreement F. Dicsussion and Consideration of the CRA's MLK Jr Blvd Project Conceptual Development Terms G. Discussion and Consideration of the CRA's Cottage District Infill Housing Project Conceptual Development Terms 15. New Business A. Discussion and Consideration of the Purchase for the Property Located at 1101 N. Federal Highway B. Consideration of Accepting the Transferred City-Owned Properties (Lots 154 and 155,Arden Park) to the CRA to Facilitate Future Redevelopment Projects within the MLK Corridor C. Consideration of Fiscal Year 2018-2019 Budget Amendment for Unassigned Fund Balance and Self-Funded Insurance Reserve 16. CRAAdvisory Board A. CRAAdvisory Board Agenda - March 7, 2019 B. CRAAdvisory Board Meeting Minutes- February 7, 2019 C. Pending Assignments D. Reports on Pending Assignments E. New Assignments 17. Future Agenda Items A. Tree Lighting Information B. Consideration of a CRA Board Retreat C. Social Media Outreach Program Report D. Discussion Regarding an Educational/Job Training Grant E. Consideration of Equitable Economic Development Grants F. Social Media Activity Report for Events in November and December G. Consideration of Purchase and Sale Agreement with the Community Caring Center Boynton Beach, Inc. (CCC), for their property located at 145 N E 4th Ave, Boynton Beach, Florida 18. 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 WITHA DISABILITYAN EQUAL OPPORTUNITY TO PARTICIPATE INAND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256,AT LEAST 48 HOURS PRIOR TO THE 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 CRNS WEB SITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRNS WEB SITE CAN BE OBTAINED FROM THE CRA OFFICE. � ' T t EACH "'1",,",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 ANNOUNCEMENTS AND AWARDS AGENDAITEM: 7.A. SUBJECT: The 5th Annual Blarney Bash on March 16, 2019 located at Dewey Park and E.Ocean Ave from 4:00 PM to 9:00 PM SUMMARY: On Saturday, March 16, 2019, the Boynton Beach CRA will host the 5th Annual Blarney Bash event in the downtown district. Event details are as follows: • The FREE event starts at 4:00 P.M. and ends at 9:00 P.M. • The event will take place along East Ocean Avenue between Federal Highway and NE 4th Street and along portions of NE 4th Street. • Free parking will be available at various locations surrounding the event. • Live music featuring bagpipers, as well as stage performances by The Flyers, The Roaring Kelly Band, and Celtic Mayhem. • A performance from the students of the Aranmore Academy of Irish Dance. • The food court will feature a variety of options, including authentic Irish cuisine, and food offerings from the Driftwood Restaurant and Boardwalk Italian Ice & Creamery. • Craft beer selections will be available on tap from local Boynton Beach breweries. • The event will feature a scavenger hunt that will place patrons in direct contact with participating CRA District businesses. • There will be multiple inflatable and interactive activities for children. • There will be a"Shamrock Costume Contest" for both children and adults. EVENT MARKETING PLAN Blarney Bash Posters & Postcards - Marketing material such as 50 posters and 1,500 6"x 9" postcards for Blarney Bash were delivered to businesses in the CRA area and the Congress Avenue corridor(see Exhibit A). Cost: $275.00 Signage — (7) 4' x 8' and (3) 4' x 4' signage for Blarney Bash went up in ten locations in Boynton Beach to let the community know about the event (see Exhibit B). Cost: $1,170.00 Gateway Gazette -As part of the ongoing marketing efforts, the CRA staff allocated funds in the budget for a full page in the Gateway Gazette formally known as the Boynton Forum serving Boynton Beach, Lantana, Hypoluxo, Atlantis, South Palm Beach, Manalapan, Ocean Ridge and Briny Breezes. The ad will be featured online at sun-sentinel.com/community/gateway- gazette. The full-page ad placement is March 13 and will display the CRA businesses participating the business development facet Lucky Gold Hunt at Blarney Bash. (see Exhibit C). Cost: $329.00 Alco Capital Theater -A Blarney Bash screen shot advertisement was aired in all eight theaters as an opening to the movie from 10 a.m. until 9 p.m. The screen shot advertisement aired on February 22 and will continue through March 15, 2019 (see Exhibit D). Cost: $300.00 Atlantic Current Magazine - A full-page ad was created for the Atlantic Current Magazine in hopes to reach a younger demographic, with 70% of their readers ages between 21-44 and 42% of which are ages between 21-34. They have roughly 28,250 readers and 10,000 magazines distributed to over 100 locations across Palm Beach and Broward Counties. Their magazine is released bi-monthly(see Exhibit E). Cost: $800.00 Billboard -The Billboard location is Gateway Blvd. & 1-95 (see Exhibit F). Cost: free New Times -The New Times campaign runs from March 7 — March 15 with a digital presence on the New Times website http://www.browardpalmbeach.com/, and email newsletter blast delivered to 15,475 emails which featured the businesses participating in the business development facet Lucky Gold Hunt at Blarney Bash (see Exhibit G). Cost: $800.00 Coastal Star- The Coastal Star newspaper serves the eastern community of Hypoluxo Island, South Palm Beach, Manalapan, Ocean Ridge, Briny Breezes, Gulf Stream and coastal Delray which reaches out to that specific demographic. The Blarney Bash quarter page ad placement in the northern addition also appeared as a bonus in the Southern addition, which cover Boca Raton and Highland Beach (see Exhibit H). Cost: $525.00 Neighborhood News -Working with Neighborhood News to reach out to the western Boynton communities, this marketing strategy will continue to promote downtown Boynton Beach. The March ad featured Blarney Bash with an editorial about the event. Neighborhood News also featured the event on their Facebook page with 857 followers and website (see Exhibit 1) Cost: $450.00 Delray Beach Newspaper-A full-page ad for Blarney Bash was featured in the March issue of the Delray Newspaper. Reaching over 15,000 direct online readers, a circulation of 12,000 papers distributed to 250 locations in Palm Beach County, and a copy mailed directly to over 2,000 homes (see Exhibit J). Cost: $795.00 103.1 WIRK Country - Blarney Bash flyers were handed out by CRA staff at the Rib Round up Country Music event on March 2 at the Coral Sky Amphitheater with an estimated attendance of 15,000. Thirty live on air commercial spots with Chelsea Eden on her morning show and a radio showcase featuring a radio station interview with Driftwood, The Boardwalk Italian Ice & Creamery and Due South, which includes a video that will be posted to the 103.1 W I RK Country Facebook page. This initiative was part of Alpha Media/103.1 W I RK Country radio station package. Cost: $3,000.00 FISCAL IMPACT: FY2017-2018 Budget, Project Fund line Item 02-58500-480 - $35,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Unless otherwise offered by the CRA Board, a motion is not required at this time. ATTACHMENTS: Description D ExhibitA- Exhibit J i i aS a � s $ 4 f f 3 1 > S , r 1, t , a 1 F tt 3 J \ i. s � 1 3 t{ _ F 1� f1 DO, 4 1� i { , r , \ t , F tit• �"�� `h � �.. �> hx - _ �€-=. 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NE ` 11 ' II ga mg I4 1" 3 r _I, ' :; 1 , t w 0 rr 1 fi U } n � � � pPP�RESENTEDD BY I OYNTO 100 NE 4th Street =BEACHCRA CntehftyntOn.Com COMMUNITY REDEVELOPMENT AGENCY {�}INTERPRETERS AVAILABLE UPON ON REQUEST Email Coppinm@66fl.us or Call 561-600-9097 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 ANNOUNCEMENTS AND AWARDS AGENDAITEM: 7.13. SUBJECT: Rock the Plaza on April 13, 2019 at Ocean Plaza from 12:00 pm to 4:00 pm SUMMARY: On Saturday, April 13, 2019 the CRA will host Rock the Plaza at the Ocean Plaza property, which is located at 640 East Ocean Avenue. The free event, which will take place from 12:00 p.m. to 4:00 p.m., and will spotlight the businesses within the shopping plaza. To maximize customer outreach, CRA staff will also provide social media assistance to interested businesses in the Plaza prior to the event to increase marketing and cross promotional opportunities with the hashtags#RockThePlaza and#HitTheBiz. The event will feature live music from Green Means Go, a rock, pop, and Top 40s band, cocktails, and special promotions from restaurants and businesses within the plaza. The next Rock the Plaza event will be held at Casa Costa. The date and time are TBD. EVENT MARKETING PLAN CRA staff is currently working on the marketing collateral for this event and they will be included on next month's Agenda. FISCAL IMPACT: FY 2018 - 2019 Budget, Project Fund, Line Item 02-58500-480, $6,000 for the event and $2,761.50 for marketing CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action is required from the CRA Board at this time. � ' T wwmBt EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 INFORMATION ONLY AGENDAITEM: 8.A. SUBJECT: Marketing and Business Development Campaign SUMMARY: Coastal Angler - The Coastal Angler Magazine is a resource for anglers, boaters and conservationists and is the second largest free outdoor publication in the nation. 40,000 issues in circulation monthly includes Palm Beach, Broward, Dade, and Monroe Counties. Last month, the CRA paid for one 1/4 page ad in February's issue of the Coastal Angler Magazine featuring the Boynton Harbor Marina using the tagline: "Take Time Out", highlighting the marina's Dine, Fish, Dive, Boat& Jet Ski Rental activities (see Exhibit A). Cost: $300.00 Social Media Ad Campaign — CRA Staff created a Social Media Video Ad Campaign to promote local businesses to the community as part of an economic development initiative to encourage growth and development in downtown Boynton Beach. The Social Media Video Ad Campaign also highlights vacant storefronts for rent to help motivate the audience and drive action to open a small business by letting them know Boynton Beach is open for business. The seven businesses who have received this CRA's assistance are: Del Sol Bakery, Rich Men Looks clothing store, Bon Zouti restaurant, Floras Beauty Supply store, Beach Tennis, and Shaunte Hair Kisses salon (see Exhibit B). Cost: $15,800 Marina Life -The Marine Life Magazine is a very popular marine industry publication that connects boaters with marinas with over 60,000 subscribers. A 1/4 page ad in the Marina Life Magazine featured Boynton Beach Take Time Out, displaying the waterfront restaurants during sunset at the Boynton Harbor Marina. This campaign consists of four different quarter page ads in the Marina Life Magazine winter, spring, summer, and fall issues. The campaign also includes newsletter promotions, banner advertising placement on the Marina Life website, social media promotion, and email alert promotions. (see Exhibit C). Cost: $2,399.88 FISCAL IMPACT: FY2018-2019 Budget, Project Fund 02-58400-445, $18,499.88 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board. ATTACHMENTS: Description D ExhibitA-C Exhibit & - Coastal Angler Magazine . g TIME OUT - - ®= — � � � » » . . «. � ■ < » � » . <: � � . : « . � § ©» - w , \ Exhibit B - Social Media Video Ad Campaign ® �.ps.//wvm c,baokcom/D�, fi.tlrc ti:.:42r'! p ----------------- Q 1 S r How People Reacted 1 r t £ t el titer --te 1 Up Next „ 11,5�}, eauty Supp y all your beauty r�i�ri{{�.S \ t �� k)l()�l� t�7),: ( - yi• L G -bk 1 d? aY �I Itvil`� s t Rock[he Plaza L Boynton Beach CRA p Follow �� Q p 5 hF tl P - r„� � --C—111 pd. mecgig ^ X Exhibit C — Marina Life Magazine S_ }!f e k � ' T wamBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 13, 2019 CRA PROJECTS IN PROGRESS AGENDAITEM: 10.A. SUBJECT: CRA Economic Development Update SUMMARY: Below is a status report of the CRA's Economic Development Grant Program and Business Development activities for FY 2018-2019: Below is a breakdown of the FY 2018 -2019 Economic Development Grant Budget: FY 2018 -2019 Economic Development Budget: $554,356 Total Grant Dollars Awarded Year-to-Date: 45,367 Remaining Fund Balance: $507,988 Economic Development Grants awarded year-to-date: Alchemy 640 E. Ocean Avenue, Unit 5 Hair Salon Rent Reimbursement Phairis Luxury 413 S. Federal Highway Bridal Hair Boutique Rent Reimbursement Property Improvement Beach Tennis 625 S. Federal Highway Retail Rent Reimbursement Novus Escape Room 458 N. Federal Highway Entertainment Rent Reimbursement New Business Tax Receipts issued in February 2019 located within the CRA District: Wanda Burgess 434 NW 12th Avenue Janitorial and House Cleaning Service Boynton Beach Parasailing 735 Casa Loma Parasailing Boulevard R Surface Solutions 516 NW 10th Avenue Auto Detailing Atlantic Towing and Recovery 905 N Railroad Avenue Wrecker/Towing Service Phairis Luxury 413 S Federal Highway Bridal Salon/Boutique Atzmon Birka LLC 1200 S Federal Highway Real estate Consultants Shiny Windows Cleaning 429 NW 6th Avenue Janitorial and House Cleaning Service Your C B D Store 1600 N Federal Highway CBD Retail AlumaProWorx 1240 W Industrial Avenue Welding Sushi Simon 1628 S Federal Highway Restaurant FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund 02-58400-444, $554,356 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required by the CRA Board at this time. � ' T ammBt EACH _"CRA: ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CRA PROJECTS IN PROGRESS AGENDAITEM: 10.13. SUBJECT: Sara Sims Park Project Update SUMMARY: The following activities are provided to the CRA Board as a Sara Sims Park Improvement Project construction update as of March 7, 2019: Site i . Rough ri Complete. Contractor is now hauling excess pad fill from the site. Pavilions: Pavilions delivered. Pads formed and structural steel added to pads. Concrete pads to be poured the week of 3/11 Pavilion installation to start 3/24. Restroom: Building permit to be issued the week of 3/11 Concrete slab to be formed starting 3/11, complete /1 Paving off-site: Install site wirelighting starting: Commencing 3/26 —4/19 Irrigation: o encing 4/22 — /1 Landscaping installation starti : 4/29 — 5/17 Items remaining is Additionali . Drainage - 100% complete. Water and Sewer installation started, to be completed /1 Construction site screening PO to be issued 2/25 (screening should arrive by 3/11 and installed by staff). Decorative fencing — informal estimate received. Progress photos are provided in Attachment I. FISCAL IMPACT: FY 2017-2018, Project Fund 02-58200-406: Construction costs, $600,000 FY 2017-2018, Project Fund 02-58100-203: Design costs, $115,600 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan, 2010 Sara Sims Park Master Plan CRA BOARD OPTIONS: No action is required by the CRA Board at this time unless otherwise determined. ATTACHMENTS: Description D Attachment I -Sara Sims Construction Photos SARA SIMS CONSTRUCTION PHOTOS —ATTACHMENT I February 8, 2019 4 'k j1i�"ars�t t 41` { n t` F{ l/ >';l Oji �" p r J t } A' 4 j 4 rs �� Pavilions delivered to site February 14, 2019 ioI y 4 View looking west from NW 9t" Ave towards future parking lot X " t s€ w r 4 �d View looking east from NW 9t" Ave towards new parking lot March 6, 2019 — WE View from NE 9t" Court ,us y� v. S C } s 1 i View looking east (future bathroom building in background beyond palm tree) MR M View looking north View looking northwest {,.7\ t ryY� (1 „14�ip rrpr` �;o- tt 121, UURV, k � rr - s Views looking at west property line (future parking and picnic pavilion) from NW 9th Avenue � ' T wwmBt EACH "'1",,",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CRA PROJECTS IN PROGRESS AGENDAITEM: 10.C. SUBJECT: The Ocean Breeze East Project Update SUMMARY: • February 26, 2019 - Formal site plan was presented to the Planning and Development Board (see Attachment 1). • March 19, 2019- Formal site plan review/approval by the City Commission. • January 22, 2019 -The Ocean Breeze East Apartment site plan went through its first formal City DART meeting to discuss Centennial Management Development Team's response to the City's 1 st set of plan review comments (see Attachment 11). • Since the sale of the property in January 2018, CRA staff has been working with the Ocean Breeze East property owner, Lewis Swezy of Centennial Management, Corp., his development team, and design professionals to prepare the Ocean Breeze East Apartments site plan for formal application to the City of Boynton Beach. • Centennial Management submitted their formal Site Plan application to the City of Boynton Beach on December 5, 2018. Department staff must provide their review comments by December 12, 2018. The site plan review process should be completed in approximately four months. Centennial Management Development Team and CRA staff will continue to work together to provide responses to the City staff's comments and/or conditions of approval. CRA BOARD OPTIONS: No action required on this item unless otherwise initiated by the CRA Board. ATTACHMENTS: Description D Attachment I -Site Plan Elevation sheets U Z P •iJ 0 LU t 3 m a z O d a A� Am e q l 0 5 c� X01 Mk i NE1st STREET U) A Y ` �9 m o IN i t & p i I t 1 A dt k a ' � ® o d 8 Dvl leg ao wI I 6 s+ a a M I seomseaee S� � '� z NEW w o ig adoenaau A I k a,omol e AA ees4sarcssiAV d I oEl F1 F F1 F1 F1 F1 Ell Ell w D o N SEACRESTBLVD � ■ ti N � _ o M z � LUM m O �w W _ ® ❑� ❑� g 0 A$ I El El � I I : II I ry mo a0 a0 ©0 LEEEE--] Ej oit oI 0 [EEE=1 IH o LU E 11f a ' ® w , s h T M � o MM 00 0 00 00 00 Y B D 00 00 oo t� oilf ® o FEI IEI EM p 0 10 0 � I A� o0 00 0 � as as a o a I, II � IIr, o _ I o0 0 � i o0 I o0 as I La' o 00 00 00 $ — w 0❑ Ef -fr= D s _ � o Io ❑� ❑� � 00 00 00 aEEII as O ©a 00 I � o o o ; o 0 I o0 I, 00 00 00 Ir, o El Ili tiT tit tit 0g o0 LU 00 00 00 w s I � z cn ■ ci N � — o V Z � — 41 mu lL �3 uJ 6+.. F O N E rg REo O U w U ¢ mr Lj � g I I I I oo I o0 x as 00 ©a oo �®Rq 00ot0 l 0 F lCj MFM a v : as as o c: s .4�U Wo oilz Mf 00 00 00 N a =Mf� did" 1 tit Ti tit � o L 1 IFFE Ej� it s� o❑ 00 00 00 loo 00 © _ 00 00 0 Fo0 00 ©o 00 a0 l 00 M FM 0 � � N �m Mt o 7 itW fli ................... U) it i,it 'it iAi tit Ph! 0D �0 CHI--I o I oo I oo ©a > D W o 00 o0 00 �w �w , ■ U N = O LO FO 3a m W m ® '-IhE,4= ❑� �; o❑ FEI El x ❑ ❑II 00 0o as ' oo o0 00 � as It as a' oo LID D Willi � o0 0o ooEj. > fEl N i w M itH i' a ' o 00 00 0 as as a � F 7' o� � 1 fi o❑ FEAL J61 '. Vit' ❑ ❑ 1 � 1 00 i till ;i lS i DD DD DD tE-JEJ .. F tit tit MIT o 1. F=7 FM n p > r w D❑ ttl it [I EEEEl tv M� it n 0�� 0�� DEJE DD €�t O 00 soo D D > as as 00 ui LU ,❑ El El Nz ,xd�mm ■ U N � ] o � z � m LU g z z g F H i N - I El IEl N 1 O ELI El E O H H i 00 00 DD w w 00 00 00 H � e ' 00 00 00 0 r H ; , ER 0 EFMl AL, La lita Mj It L o U o as as ©a w a SF0 ❑� w 00 Rj N � o � as e Full /01 a 0 o® M FM $ o a M FM o z .P w� >E Lu co o �w co o IE o �w UU w w z o ay Z Ll �gh. .�'.J3f9 f�/1 A Q m QQQQ � � a g Jaz O aA� aw aA � Loj a ❑ e Q- b ® b 4 R-M ra � � ❑ a a 4 `o 0 w 1..:1 m i i I�1 �I 0 00 o g w w w w it o o' ' f E Ell w tUri lL i S Z wa e� .n�mr �� d BEACK�,,,,,,CRA OWN= COMMU NFTY REDEVELOPMENT E Y CRA BOARD MEETING OF: March 13, 2019 CRA PROJECTS IN PROGRESS AGENDAITEM: 10.D. SUBJECT: FY 2017 - 2018 Update for the Non-profit Organization Grant Agreement with the Community Caring Center of Greater Boynton Beach Inc. SUMMARY: On June 12, 2018, the CRA Board approved a grant in the amount of $57,681 to support the Community Caring Center of Greater Boynton Beach I nc.'s (CCC) Secret Garden Cafe Culinary Incubator & Job Training Center over a period of six months. The CCC's program/project is aligned with the business development goals of the Nonprofit Organization Grant Program (NOGP)and will directly benefit the stakeholders within the CRA area (see Attachment 1). Under the terms of the agreement, the CCC is required to provide a quarterly report summarizing the deliverables of the agreement. Attachments II and III are copies of the 1st (June 12 thru September 30, 2018)and 2nd Quarter or Final (October 1 thru December 31, 2018) reports. After reviewing the documents, the CCC is in compliance with all required deliverables and is requesting the final reimbursement for the remaining $27,737.12 in funds for the period of October 1 - December 31, 2018 (see Attachment IV). FISCAL IMPACT: FY2017-2018 Budget, Project Fund 02-58500-470, $57,681 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Review and approve the CCC report and payment of $27,737.12 for the remaining $27,737.12 in funds for the period of October 1 - December 31, 2018. 2. Do not approve the remaining $27,737.12 in funds for the period of October 1 - December 31, 2018. ATTACHMENTS: Description D Attachment I -CCC FY 2017-2018 (Spring) Grant Agreement D Attachment II -CCC FY 2017-2018 NOGP (Spring) 1st Quarter Report D Attachment IV -CRA Review of CCC FY 2017-18 NOGP (Spring)2nd Quarter (Final) Report AGREEMENT TO FUND THE SECRET GARDEN CULINARY INCUBATOR AND JOB TRAINING CENTER OF COMMUNITY CARING CENTER OF GREATER,BOYNTON BEACH INC This Agreement for the funding of business incubator program services ("Agreement") is entered into by and between the: BOYNTON BEACH COMMUNITY REDEVELOPMEN-r AGENCY ("CRA"), a public agency created pursuant to Chapter 163, Pan: III, Florida Statutes, with a business address of 710 North Federal Highway, Boynton Beach, Florida 33435-, and the COMMUNITY CARING CENTER OF GREATER BOYNTON BEACH, INC., DBA THE SECRET GARDEN CAFE, A CULINARY INCUBATOR ("CCC"), a Florida Not-For-Profit Corporation, with a business address of 410 E. Boynton Beach Boulevard, Boynton Beach, FL 33435. RECITALS WHEREAS, the CRA recognizes that the future econornic health of the CRA and the City of Boynton Beach ("City") depends upon small businesses; and WHEREAS, the CRA recognizes that many of the small businesses within the CCity are facing challenges due to economic conditions; and WHEREAS, business incubators, specifically including CCC, work to nurture the development of entrepreneurial companies by providing business Support services and by allowing cornpanies to share resources in order to reduce overhead, operational, and other costs: and WHEREAS, the CRA Board anticipates that CCC will assist in creating jobs in the Boynton Beach or Redevelopment Area ("CRA Area"), enhancing the entrepreneurial climate in the CRA Area, retaining business in the CRA Area, and diversifying the local economy-, and WHEREAS, the CRA Board anticipates that businesses opened outside the CRA Area but within Boynton Beach will provide jobs to residents that live in the CRA Area, and will provide an economic enhancement to businesses within the CRA Area: WiEREAS, the CCC business incubator program meets the CRA's objective of economic development within the CRA Area per Chapter 163, Part III, Florida Statutes and with further the objectives of the 2016 Boynton Beach Community Redevelopment Man OCRA Plan"); arid 11 WHEREAS, The CRA recognizes that the CCC.'s incubator program ("Incubator Programs") is a culinary incubator program model specific to growing culinary bUsinesses that allows businesses produce their food and beverage products in a shared kitchen environment; and WHEREAS, it is likely that CCC's culinary incubator clients would have substantial costs associated with creating their own establishments, including training and one.-on-one technical assistance to new and existing small businesses; and Page 2 of 12) WHEREAS, the CRA Board approved the Fiscal Year 2017-2018 budget at the September 19., 2017 meeting, which included funding the Nonprofit Organization Grant Program ("NOGP") for the Economic/Business Development category, to support eligible nonprofit organizations with projects and programs that will create jobs and economic opportunities in the CRA District and further the CRA Plan; NO THEREFORE in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows: Section 1. LncqMqratLoLi. The foregoing recitals and all other information above are true and c;_rrecfat the time of the execution of this Agreement and are hereby incorporated herein as if fully set forth. Section 2. Effective Date. This Agreement shall be effective on the date the last party to sign ;-xTc—utes this Agreement ("Effective Date"). Section 3. Goals of the Business Incubator frohe CR& The goal of the Aram Fundleg ty_L_ K-07GP Tis to assist City re'sider�,viTd businesses, especially those located in the CRA Area, in starting or expanding small businesses in furtherance of the CRA Plan, as it may exist from time to time, This Agreement shall be interpreted to further this goal and the CRA Plan, Section 4. Eg_quintaegts A. §E2RL2j. _ CCC will run the Incubator Program to assist Boynton Beach residents and businesses who desire to start up a small business or accelerate the growth of an existing business (Incubator Program Clients). CCC Will use Its best efforts to ensure that the incubator Program will provide a nurturing learning and production environment for sniall businesses, individual entrepreneurs, and minority and women-owned businesses. CCC will assist both experienced and inexperienced business clients and provide training and counseling services on a variety of topics to help current and aspiring business owners become successful business owners. The parties agree that it is reasonable for incubator Program Clients to remain in the Incubator Program for up to five (5) years, B. k-"l i 6 it whe parties agree that entrepreneurs, start-up business, new businesses and existing businesses shall be eligible for the Incubator Program. C. Results and Deliverables. CCC will-, 1. Provide a report (Quarterly Report) to the CRA according to the schedule in Section 4.D of this Agreement. Failure to submit a Quarterly Report constitutes an event of default pursuant to this Agreement and renders CCC ineligible to receive funding pursuant to this Agreement unless or until such default is cured in accordance with Section 13K of this Agreement, The CRA will not process requests for reimbursement until the default, is cured, The Quarterly Report must contain an update on each item listed in this Paragraph 4.0 (Results and Deliverables). 2, implementation of the Outputs and Outcomes as identified in the CCC:'s NOGP Project/Program Model and Funding Evaluation Plan (attached hereto as Exhibit "A" and hereby incorporated herein} by December 2018. CCC will provide evidence to the CRA of this job creation by submitting W-2 forms, 1099 forms, or RT-6 Quarterly State of Florida Reemployment Tax forms with each Quarterly Report. Page 3 of 12 3. Conduct quarterly workshop s/trainirig, CCC will submit with each Quarterly Report copies of sign-in sheets from the workshop s/trafining s. The sign-in sheets must include the following information: a, Name, type, and description of each workshop or training, including the date, location and time of the workshop or training, b. Name, address, telephone number, and email address of participant(s), along with the business name arid type of business of participant(s) (if applicable), 4. Create a cumulative list of Incubator Program Clients ("Client List") and provide proof of residency for all clients as of June 1, 2018. Acceptable forms of proof of residency include driver's licenses, business and corporate documents, business licenses and other forms of proof the CRA deems acceptable. The Client L-ist must indicate whether each client is existing or new and if any Incubator Program Client on a previous report or Client List has dropped out of the Incubator Program. After the first Quarterly Report, CCIC" shall be required to submit proof of residency documents only for new Incubator Program Clients. 5. Provide statistics on Incubator Program Clients who have graduated from the Incubator Program ("Incubator Prograrn Graduates"), including a list of Incubator Program Graduates who have started or expanded their businesses. In the Quarterly Report., CCC must provide copies of leases for businesses of Incubator Prograrn Graduates and a description of the business that have been started or expanded as a result of the incubator Program. 6, Make active efforts to ensure that a minus urn of 25% of the Incubator Program Clients and Incubator Program Graduates reside in or intend to open independent businesses within the CRA Area, and provide written or marketing materials used to meet this goal CCC will provide an update on progress towards this goal in each Quarterly Report, 7. Obtain and provide to the CRA data on the economic impact of the Incubator Program, which shall include business data, such as tax returns, of Incubator Program Clients and Incubator Program Graduates as reported to the Internal Revenue Service, and other summary data related to economic impact In the CRA Area, & Provide financial statements for the Incubator Program. CCC will hire, at its own expense, an independent Certified Public Accountant to provide the ClA with a review of '[is most recent Financial Statement Review for the Incubator Prograrn, The review must be submitted to the CRA as soon as completed and prior to any additional funding consideration by the CRA, Failure to submit the review constitutes an event of default pursuant to this Agreement and renders CCC ineligible to receive funding pursuant to this Agreement unless or until such default is cured in accordance with section 13.K. of this Agreement Quarterly financial statements are due on the schedule outlined in Section 4.D of this Agreement, 1-his paragraph shall riot be read to require financial statements from all Incubator Prograrn Clients and Incubator Program Graduates. 9. Undertake Incubator Program marketing outreach activities to recruit participants who are new or existing small business owners. Marketing efforts will be towards persons who are residents of the City of Boynton Beach or own and operate a smali business located in the City of Boynton Beach, with an enhanced effort to reach businesses and residents in the CRA Area, Recruitment of participants for the program will be from word of mouth, direct marketing, ipubficity mailings, email, press releases, attendance at local business events, and referrals by Paae 4 of 12 the local Boynton Beach community organizations, CCC shall provide copies of marketing materials with each Quarterly Report. D. e i rid Reimbursement bequests. CCC shall provide to the CRA Quarterly I" ep its and requests for reirrrburserrrent according to the following schedule:. For the period of June 12 September 30, 2018. due to CRA by October 1, 2018 October 1 — December 31, 2018: due to CRA by January 15, 2019 Section 5. f3crmaensgtioU. The CRA shall pay CCC a total of $57,681 for CCC:'s performance of its obligations under this Agreement. CCC will be paid quarterly in an amount of $28,840.50 per quarter upon formal written request by CCC. Payment is contingent upon recelpt by the CRS? of all Results and Deliverabies listed in Section 4. -rime is of the essence, and in order to receive compensation, CCC must make requests for compensation in accordance with the schedule found in Section 4.D of this Agreement. The CRA shall pay within thirty ( ) days receipt of all required reports, reviews, and requests, Deadlines for reports rarest be strictly adhered to in order to be eligible for reimbursement by the CRA. All p yrnents shall be in the form of a CRA check made payable to CCC. No payment grade under this Agreement ent shall be conclusive evidence of the performance of this Agreement by CCC, either wholly or in part, and no payment shall be construed to be an acceptance of or to relieve CCC of any liability under this Agreement. Section 6. No Partne[ghj2. CCC agrees that nothing contained in this Agreement sh H be deemed or construed as creating a pairtnership, joint venture, or employee relationship. It is specifically understood that no employer/err-rployee or principal/agent is or shall be created nor shall exist by reason of this Agreement or CCC's performance ander this Agreement. If this Agreement is deemed to empower CCC to work on behalf of CRA, CCC shall be considered to be an independent contractor. Section 7. Termination. This Agreement will automatically terminate after the CRA has made the last payment to CCC reg�este b CCC pors� nt to the schedule in Section . of this agreement. This Agreement may be terminated earlier for any reason, or no reason, by the CRA upon thirty ( C) days written notice of termination to CCC. Section 8. Non-Discrimination. CCC agrees that no person shall, on the grounds of race, color, ancestry, disability, national origin, religion, age, familial or marital status, sex or sexual orientation, be excluded from the benefits of, or be subjected to discrirriination under, any activity carried on by CCC, its subcontractors; or agents. in the performance of this Agreement. In the event that the CRA is made ware that such discrimination has occurred in breach of this Agreement, it shall provide notice to CCC. Upon receipt of such notice, CCC shall have 15 days to provide evidence that it has cured the breach. The CRA will evaluate the evidence provided and determine, in its sole discretion, if the breach has been adequately cured, and if the CRA determines the breach has not been cured, the CRA shall have the right to immediately terminate this Agreement shall not be liable for any farther payments to CCC; pursuant to this Agreement, This Section shall not be construed so as to alter any other provisions of this Agreement concerning termination except as specifically stated in this Section. Section 9. Convicted Vendor_Li t. As provided in Sections 287.132 — 287,133, 1:1onda Statutes, by entering into this Agreement or performing any work in furtherance hereof, CCC certifies that it, and its affiliates, contractors, subcontractors or, agents who will perform hereunder, have not been placed 00111111)_,;_ Page 5 of 12 on the Convicted Vendor List maintained by the State of Florida Department of Management Services within thirty-six (36) months immediately preceding the date of this Agreement. Section 10. Indemnification. CCC shall indemnify, defend, save, and hold harmless the CRA, its elected officers, its agents, and its employees, from any and all claims, demands, suits, costs, damages, losses, liabilities, and expenses, sustained by any person whomsoever, which damage is direct, indirect or consequential, arising out of, or alleged to have arisen out of, or in consequence of the services furnished by or operations of CCC or its subcontractors, agents, officers, employees or independent contractors pursuant to the Agreement, specifically including, but not limited to, those caused by or arising out of any intentional act, omission, negligence or default of CCC and/or its subcontractors, agents, servants or employees in the provision of services under this Agreement. Nothing in this Agreement shall be deemed to affect the rights, privileges, and sovereign immunities of the CRA as set forth in Section 768.28, Florida Statutes. Section 11. Notice. Whenever either party desires to give notice to the other party as required under this Agreement, it must be given by written notice to the name(s) and address(es) specified in this Section, and must be sent by (i) hand delivery with a signed receipt; (ii) by a recognized national courier service; or (iii) by Certified United States Mail, with return receipt requested. Any party may change the person or address to whom notice must be directed by providing written notice to the other parties. Notices must be sent to: If to the CRA: Boynton Beach Community Redevelopment Agency Attn.: Michael Simon, Interim Executive Director 710 North Federal Highway Boynton Beach, Florida 33435 With copy to: Tary Duhy, Esquire Lewis, Longman &Walker, P.A. 515 North Flagler Drive, Suite 1500 West Palm Beach, Florida 33401 If to CCC: Sherry Johnson Community Caring Center of Greater Boynton Beach, Inc. P.O. Box 100 Boynton Beach, FL 33435 Every notice shall be effective on the date actually received, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. Section 12. Waiver of Claims. The CRA shall not be responsible for any property damages or personal injury sustained by CCC from any cause whatsoever related to CCC's performance under this Agreement, whether such damage or injury occurs before, during, or after the term of this Agreement. CCC hereby forever waives, discharges, and releases the CRA, its agents, and its employees, to the fullest extent the law allows, from any liability for any damage or injury sustained by CCC. This waiver, discharge, and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the law allows. 00991959-1 Page 6 of 12 Section 13. General Provisions. A. Entire Agireement, No Modification. The CRA and CCC agree that this Agreement sets forth the entire and sole Agreement between the parties concerning the subject matter expressed herein and that there are no promises or understandings other than those stated herein. one of the provisions, terms and conditions contained in the Agreement may be added to, modified, superseded, or otherwise altered, except by written instrument executed by the parties hereto. All prior and contemporaneous agreements, understandings, communications, conditions or representations, of any kind or nature, oral or written, concerning the subject matter expressed herein, are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the terms of this Agreement. B. Survival. The provisions of this Agreement regarding termination, default, and indemnification shall survive termination or expiration of this Agreement and shall remain in full force and effect. C. Severabilit . If any provision of this Agreement or application thereof to any person or situation shall, to any extent, be held invalid or unenforceable, the remainder of this Agreement, and the application of such provisions to persons or situations other than those as to which it shall have been held invalid or unenforceable shall not be affected thereby, and shall continue in full force and effect, and be enforced to the fullest extent permitted by law. D. Headings. The Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. E. Governing Law,,Jurisdiction, and Venue. The terms and provisions of this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida and the United States of America, without regard to conflict of law principles. Venue and jurisdiction shall be Palm each County, Florida, for all purposes, to which the Parties expressly agree and submit. F. Independent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, and each Party is advised to seek independent legal advice in connection with the matters referenced herein, G. VoluntaEy Waiver of Provisions. The CRA may, in its sole and absolute discretion, waive any requirement of CCC contained in this Agreement. H. No Transfer. CCC shall not subcontract, assign or otherwise transfer this Agreement to any individual, group, agency, government, nonprofit or for-profit corporation, or any other entity, without the prior, written consent of the CRA. 1. Bindinq Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and CCC (or in any representative capacity) as applicable, has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. J. Public Records. The CRA is public agency subject to Chapter 119, Florida Statutes. To the extent required by law, CCC shall comply with Florida's Public Records Law. Specifically, CCC shall: 1. Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the services referenced herein; 00991959-1 Page 7 of 12 2. Upon request from the CRA's custodian of public records, provide the CRA with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law. 3. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if CCC does not transfer the records to the CRA. 4. Upon completion of the contract, transfer, at no cost, to the CRA all public records in possession of CCC or keep and maintain public records required by the CRA to perform the service. If CCC transfers all public records to the CRA upon completion of the contract, CCC shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If CCC keeps and maintains public records upon completion of the contract, CCC shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the CRA, upon request from the CRA's custodian of public records, in a format that is compatible with the information technology systems of the CPA. IF CCC HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CCC'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway, Boynton Beach, Florida 33435; or SimonM@bbfl.us. K. Default. The failure of CCC to comply with the provisions set forth in this Agreement shall constitute a Default and Breach of this Agreement. If CCC fails to cure the default within seven (7) days' notice from the CRA, the CRA may terminate the Agreement and shall not be liable for any further payments to CCC pursuant to this Agreement-, however, the CRA may elect, in its sole discretion, to fully or partially compensate CCC for CCC's partial performance under this Agreement. L. Counterrts and Transmission. To facilitate execution, this Agreement may be executed in as many counterparts as may be convenient or required, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The executed signature page(s) from each original may be joined together and attached to one such original and it shall constitute one and the same instrument. In addition, said counterparts may be transmitted electronically (i.e., via facsimile or . df format document sent via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. M. r en ee esi to a rafts Jointly. This Agreement shall bedeemed to be drafted jointly and shall not be construed more or less favorably towards any of the parties by virtue of the fact that one party or its attorney drafted all or any part thereof. Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose of this Agreement. W_g2MR!jAnce ih L s. In its performance of this Agreement, CCC shall comply in all material respects with all applicable federal and state laws and regulations and all applicable Palm Beach County, City of Boynton Beach, and CRA ordinances and regulations. 00991959-1 Page 8 of 12 IN WITNESS WHEREOF, the parties hereto have entered this Agreement on the day and year written below. BONTO N EACH COMMUNITY REDEVELOPM N EN By: Tva) (With ss) Print Name: Steven B. Grant, Chair Prin ame: 1 Date: A112-hQ iness) Print Name: THE COMMUNITY CARING CENTER OF GREATER BOY TO EACH, INC., DBA THE SEC n(GARDEN CAFE, A CULINARY .OR INCUB�TOR ROGRAM BY: /zmit 1d . Sherry Josn,�xe, Aive Director (Witnesq(r\ Print Nan"ye- Date: (Witness) Print Name: 00991959.1 Page 9 of 12 EXHIBIT "A" 77 m a s E7-1 71 { r 'i 7, ' k A m m 02 r4 f�4 ----------- � f J �- t If ^� w ' { r-d. a n c. 00991959-1 Page 10 of 12 Funding Evaluation Man Boynton Beach Community Redevelopment Agency(CRA) Organization Community('aring('enter of Glreatef Bovilton Boach,Inc. Cibiltact Person LNajhel A�L'41e�,rrnan Project,'Program \arne,, [unding Period_6j_jq— l�1�1'18 I)ROGICN MM II VC I tv 01:Opera .]teBusiness Incub.,vtor for Culinary Vntreprcraaurs OUITU TS/Nfeasurible Indicators 4 Evaluation P"wess-Output$: %N,'bo,7w4s,When 1. 31)cubnar v micro-enterprises %vill Who:hit iibator throvior. I"NectiOw Piredor, 11.1) particiritte irt busine!:k develo[mlent Btv;hws�;CounA-,Isar-, PNCWorksficy kuAlitaton- adivities I ook:Attendance IJst<,Bwiiws^ Cthldlkll,, 2, 4 I-Ah-ClInClIeUr sho,%%LAse,&-/or LOMMUllit Rcr1r1N,.PariiLij4111 F wolh-nent&-InLome retail e%enb CerlificAtoll Form,, When;Data enterod nionthl.v,reviewed quarfeflN, Rerwted annually and more often per various funder reqtdrernentw, OU TCO ILS I Osler asurable Indicators 4 U'Valuation PnKessw-Outcomev Who, 1,001%,When e 1,Aabli�hinenl and/or exranOon of 30 Who: Incubator Piredor,II.t- Director, cubnary induArioin the CRA ares. Ct"'I'tiltants 3 1 ligher,I,aYiny job�,in the CRA area, 'I ods:Chent dalabwsc,the gat lofles%-up surveys. Ijl"CsIsCd t:C(MklllliL &AiVit%.in tile('IbN area, Whell: Reported annuaflk`and i-nore often[mar various I'livcr,ified 10C.31 OLO"CIRIV M the CRYN area, funder requiremott"'. PROGRAMAIROJUC I xClivit% #2 Providt-Certified food 11asidler's Job trai W110,Twx'sts,When Ot� Measurable Indicator% 4 F.AJUA"ll flnwess�Outpuu. I. 111 Cerfified Food Handler 5 1 rom CRA Whw job area, Chef kitchen Skills Instructor,Exectifive Director, 2- 1 Job Fair Cools:Attendance Lists,Licensing Lxam, Internship R'ec,onk,and I'artwil-.sant Fnrolhrent&- Intome Certification Uornis, Whoa:Dala entered monthly.reviewed quarterl y or I with each,gradafing cohort, Reporwd annuall.vand more often Icer variow funder requirenwilk. OUTCOM LS/ lea enable*Indicators 4 Uvaluation P",,we%4-Outcomes: Mace,TwAs,When * Inovaw-d et;onomk:aciiiity in the CRA area, WhoJt.+ Training Program Coordinatol, F'Nectitive I * 3 1 ligher palling job- in the('R.A area and/or Director,U)evelopnwnt Consultants fear jvvp It!Ii vi ng in the:CRA area, Fools:0 i en t d at all as e,C I ie I l t fo I I o l"-U r s u['Vey , Whew Reported annually and more often vaarioua funder roquirernents. L,al'mu ,,N-1,K ,n...alYTov I 'Inny,1,'Mm"I I r"IU'r V,,'sW,jn£3,.e 11 1'� 201--'OR,Aprd 0 NAO A 00991959-1 Page 11 sof 12 Na"alive aeve,sr e: I, I UcrOw KpuL If anno to thin; Fvaaleaaa m Ilan, or the Pre,jet t,`'Proyr tram 'tiodk•IF,"a,)on I%hoh it a> Inta�.eat; troll""thele to nzvalimm,Aatt, t'nomd, 1ensnelvr4,a harm@-,or Mhe r or�,asnnrntiaesn atarlce410ILI F- Our e'Lahration Iotth and method, have tne,V n Wig nal by AMI s-£4re"nk. and our development con,atHY'4 t`. and al,o in"'ol-"gate 4 ndk 3hvr, mrd PRla°«1 t F'e's, w rs'a'g43vol by arts r€it4lths, ami q'zetani of q'airwon, 1 I Nw, c npige in artkvarr ere AuatIon at tie`nw,and rcl -ortirng! qt 111, tk' TIII*tsrietbt k=°a`e.ni,o vreal hie q-srargrai n +sUt Ol"1ta=, and o,rrrSsdi renes WINSK k„ £"anlren E4e°ath ('ounnl € orm-rndnmov At do n I'rty�rant ras�anra3atr�(esia Iraairntsag�e,ulraetn€e•a.. 1 16H aaaav.tdditiO nAl LOA he errcraacd to intl,ta nate nt tSria I A alumaaynn Man!n! 1 1 to ,V, H a v a.gunribe 4pwifw item-and amount— At:haaee a i t"I'Tnrcfrat crsanti.nalEs¢nk that I>reaa acle^^; ` sa dh "mw a%oluation naq,ptst and tt x, rtuSer ini sit con annual eaMoaa�t. IN,, have Ar"'Inslinnng"Ur asn�:ntuatio n i+race"t" and irol-It'nrarntang ra ta+:ty s vwnna that "ill hetter track jenh;created, ano in Inushie— remome, and gnart"itnMOV inu"n w n+ attaiane'ak and arnairakaitnAl and irn "vim loran id-L In Inaacticcrlaar, Ike e hn Baty ad n.pdaing Our C"A alatabMC "anti I,"-Ilt e reatiaeg;a e{"sntgns wr s,<ns. d data cn UY tcSM to enr-urV s:C acck c+t74aaaaSral*..til the anet_t .aazry ao ntaaet and ouiconrev dMaa tevr eMh gbnaltra M gaaancUgnats€t anti re^dase.e eutr aaraalWS0 hanne tpt nt; e°'>.c.A aw afar trawk ng= Am ha, I*eaw Or ner a a^ry I'+ra kv, We an, tt-arely;elmg 9 S,li M Itsr v"luaahctrn nmd, for If aalnl>Iicaalnie,hX%C aattelldt=MA i".,•S @,MU etnL"iecl inn thV Irtaagects'Inr�„a,Iatra[nnadf wt:' 1 e,, ae ar h.at er itaclua.derai d!'�3(it)i_i allue<a4i.asn ins”ars.d evaluation aclivitie-. Who "viii he ruq,on,flo te>r t"mbi-immy IW eeJuMion Inroe"� and I"reparinn}, tjuarterly;annnnal ra:P0C't ' line hwubaatvra 1 tieeclo "A re.w.lb"annkl>w for tooralinnaatianp tine a°t,nlrtaatnnrn Srrt,rm., and preparing qu artc riv YvIlort-for lite Incubator aacht"tie—and On:It I r.aasnmg t_e,araiianaate"r ns nil rtoptuWhW for cortrc hmlianl;QV ec-aalea.n "m tank"- and gnrctSnwatng=, quar@a d "Tmt' Av he Berl, Vairrisng a hv°atzaN Yte uv YA n,o n. I'.,ok-iihve= Pire'e'h n` with Me sqTort enl r"giAM IWe"l+Arora e nt e)itll}'llt nr ow I rt*4'0.:gergnrxaernd ( "rrn'"HaW e M cre`MO aatraau aI rc'l.,e"a ' an..9 sewie" 'I 9rarnk cennnlnheawe ra"q,orK €. I to" "HI ea aatueadresn e.gatan the uwd ho innternal p.olorranaraeL iannlnro'.Csanent�' ho rncneritrrr data equ artedy and athlr" re=ars" w titer' an— a, arbin Cn lwtwn data I, rarvo,"eral a, quart of c'r% pht,ve: e^vanlnnnat€ inn Which o eterne raanrnrrAR Or canvas 8reaapnitls" In he taw of tne" hire- to in the ['i"Ilt apt an 9r7B q'el`6nY` IR'it rnt g7lfat, S1 r1 i.FaI I_F`�e't'li It lk([tl'6 datacaaPnri 6a t?Yt'cI. fi'gordotg q�n"'grarn e 1it"i n7"no, an, 1*,art of ourannual in"tac"t rnnr�a h age na hic trill rami al-o is7ea udt, ulnc{ahw to cot °,troteag,ne Infanta. Will s:s aluaation e#"nisei- uls ire,hara^al as ntln err;=aaani/asmot WHY)e,, 5, 4'a tH vv alaratto n d at,a//regia,he h.-arAl taah the orgaana,,atio n'x It,lard of Pt rot tanra. t It I ite NO,ntr,an thuh t RA rarcgca m- that evaluation data re°£attire to 4'10 sulpinutbe ref*meci eguotrdck, ,annd ;W the k.`mI Q dw v "tr. h 'itl khe etankas;`re*I art 4xs. ,;Inanrasel re itEn etkher ftrareSetr I`nataa rerlantotf tee dfne3 ps is.rranog I%firm" "hill @+e ,h,areek "dh I'aahnn lKactn k'ou nta' i. onnnu nntl ,"e lutsn Program. Oartan reslaataaci tet the Inc uhalto r u.v Ire" ln=n wi h int "re3efitw nand €annneh."ra, .s nv C gn,a v.aixtlu rt vns OWN 9%] Page 12 of 12 for funding Pending. We also plan to do an Agenc.V Annual Report in late 2018 her, FY2017-18 and priognim results will be published its it, 10. Who are Offal,organization stakeholders? VVill evaluation data/reports be%hared with there? Stakeholders ntclude Palm 11each County,Communitir Action Program,VNC Foundation,and tl-w city of Boynton Beach and datahvports iviii be reported asr e' uirvd, q CLW—TALL(�AT-10�N--A,N,P-W--41—VL-U)I PRIV&(;,Y; 1, the cei-tify shat ad infreination prc,". -rued in the,application,and ;fit of Oie infonnahon funiLshed ill supr'xm of the applicatioll, is given for the Pulpow of Maininp a giant under the Bovrakyn fipj(-h Community RedevOopment Agency Nonrofit Cfr profit tiesi of rav I kno%viodgeand befieE . Grant flntgrases, and it is true and complete to tile I further certif'V dlat I am aware of the faci that I can be rlenatizvd by finean(Vor for ruakillv f:Tlw Stafg?InCrIts OF Presenting fabs.Mkinnatitin- I nirther acknowiedge that I have naval arid understand the tvrm.stjd conkfihow-, set torth and described ul the Hovilton livach (.'oninlunity Redevelopniciit Agency N"onpro-fit Organization Grant Prqgrarn Rule.,and I understand that trim applicafic)u, js mast ,j gitaralitee (if 'glam and that akvard cif grane, is ;it the qoh' di'icrefion(if tile Boynton Heach Cornulunitv Redevelopinent Agenoy [k)ard, I undevtancl treat q-te puiprse of file graaf t to further the Boynton Beach Communitv RedevcArTtlient plan, -0 that the Ftoynton Bc--XV4 Community Redevelopment . gcnc,� nui,, decline my aon pplicatifor any legal reivicni, jiuluding the'rl:-asiin that )Tj-,lntjn,' tht� award .Vill not furtttvr die Commun,tv Red ipproved I rs I Man Should MY allplication N�, – I m de stand that the ClZA rniv, at its sole t1iscretion, dvwk-ensntw payments at imy time if in its s ole determination it fivis such ISSisW"— rIO f0liger m—ts (tie program crhj�.na (jr jS Jt(i t�artin Cf tilt, Boilitun Beach Couttnunitv ReOe,ejopnient Man. I hertnh% waivk>my ritzbt,;uncier the privacy,Lnd onfidimbalay ptllvimon cavi,alld give my consent It-,the Reach Community Redevelorment Agcm,v, its agents and contractor-,- to examille givtm herein, I further grant pet-nuvsiona and authorize arse harA, enrployer,+or other pubjjL or private agellt7v t, di%s lose nere-,sarv,to comploe thi--i _ppjjt.fli,,t, I give permission to tile lkivriton Beach COMmUs"OY Agency or its agents to take;-,hote�a of rjlvyj-f arld tnjiiney"to Ere w'�vd to pl-l"Wrnote the Signatures brio t+indic alt,altj,"oval qf unit commilinent to this Evaltratiou Plan and the ProjectlPrograuf Model it is baw& J- Dat6 Chant we ,Board of Directors Printed Narne/Title Printed Name Attach Brat: Proiect"Poigrant Model 4 assts a8 nqp tan.B�r ,etsa;rtptr'4 axara C;2 ta'#,d};mat tvv E§r P Sara.kr,�cty,FY aW7 201,11,April 19,2uM, 1,q 00991959-1 Commwvli-h4 Carman Cevl+er TO Box 1 DD 41D E. Boywtoh 13ca& Blvd Boyvltovl (tach, -f L 33435 i 20181161 G mo Crav t for$57,44M I Invoice#1 for Period June 12. 2D15*ira Sot 30,2018 �-. E- ._� REVISED. _ In*e,amoant of$28.1510 COVER PAGE This request includes reimbursement for the following: DATED $4,428 Salaries $2,475 Sherry Johnson-Frew,Incubator Director $2,000 Tony Miller,Job Fair $153 Fringe for T.Miller $11,750 Professional Fees $;3,250 Sherry Johnson-Frew Executive Director [� $6,000 International Enterprise Development, Entrepreneur Training Instructor $2,500 Global Business Solutions,Evaluation Consultant $1,718.61 Philadelphia Insurance,liability insurance $5,250 Rent/Mortgage/Maintenance $4,095 Rent,Boynton Beach Property Holdings,LLC $105 Pest Control, Excellent Environmental $1,050 Cleaning,Ayesha Wahid $2,852 Utilities $578.98 Florida Public Utilities:$111.90,114.67, 233.46, 118.95 $1,760.85 Florida Power&Light:$728.40,784.34(see$1,482.46 charge),$248.11 1 $587.31 AT&T: $400.93,$186.38 1136.56 Water °� $4,363.67 $611.60 Travel (see T.Miller Mileage for Job Fair) $2,000 Marketing $139.5 Fedex poster boards for Vendor Table Assignments at Registration $221.12 Lunches for Volunteers to distribute 6,000 rack cards in shopping center parking lots on weekend $50 Constant Contact Marketing Assistance I $500 Comcast"Spotlight"video $501 Comcast"Spotlight'run Video on channel s $50 Facebook Boost Job Fair on Social Media $27.40 Facebook Boost Job Fair on Social Media $339.97 Vista Print Job Fair rack cards distribution blitz with volunteers $256.72 Vista Print Job Fair Rack Cards 499 Photographer to use photos for Marketing of Job Fair r $2,584.71 $28,810 Please Remit ?lease find attached: June 12 to Sept-30 Y&L Statevnevit Petail of i wnditares related to CPA Yroiect"et NOC1P for Qtr ending Sept-30,2018 (311-311A!3 3 b Respe tfull ' omitted, xu " a Director 561-386-4261 4:08 PM Community Caring Center of Palm Beach County, Inc. 09129118 Profit & LOSS Accrual Basis June 12 through September 29,2018 Jun 12-Sep 29,18 Ordinary Income/Expense Income Contributions 10,000.00 Grants 18,000.00 In-Kind Contributions 46.00 Program Service Fees and Sales 12,751.42 Total leicbriie 40,797.42 Gross Profit 40,797.42 Expense Auto Expenses 166.05 Bank Service Charges 9.00 Cash Discounts -22.82 Contract Labor 6,394.09 Insurance 2,994.87 Interest Expense -44.03 Late Fees&Penalties 835.46 Licences and Fees 146.00 Market Purchases 1,452.15 Marketing 41.96 Meetings 90.83 Merchant Fees 483.33 Office Supplies 61.63 Payroll Expenses 8,927.31 Pest Control 105.00 Postage 28.00 Professional Fees 33,292.86 Program Expense 9,735.51 Rent 12,286.50 Repair&Maintenance 1,090.00 utilities 4,602.88 Total Expense 82,676.58 Net Ordinary Income -41,879.16 Net Income -41,879.16 EE'zVE 0 i "tib m.,n p t u 4 'wd C "n Pagel r1r.tar:I v ML; CD BOYNTON BEEACI-i (..RA C3 C) CD cl cl C) c7 C3 't (D w r- W (D C3 a C) I- P -q 't OR Ci OD pl: PC. 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N C u w ,,, c41 as cc u 41 a 41 r c LL J `n E N ao o2i c C�i u@ 4-1 4L a a a t co C ® 4 u L a ; x ,� o7S a u o6 E C c *' N p us m N C w d w E ® vi T W .. a a a L bD w C w 7 .f. ems+ u u M h }' d d W O O O.Y a a < ate-+ C O N C" M C — ref {�j .0 .0 C7 C7 V _ M 41 41 O O O cn LL d J u u w CC F- O a J u:O O _.. W ® r N M d' Ln: l0 I` Ol Q r---N --M efi t81 l0 I� m 01 CS c- N M LP! l0 Y� co cm ® r N r- Pte• P� h•• 1` h• 1� h• P`- P- CO CO OD CO co OD 06 OD a0 Ol Ql Ol 61 Q% cn Ol 0% CN m O O O tLo m CL e 0 M as in 6 E z r_ 0 an 0 LL- LLJ u uj Funding Evaluation Plan Boynton Beach Community Redevelopment Agency (CRA) ContactPersonRachel Waterman Project/Program Name Secret Garden Cafe Culinary Incubator&Job Training Center Funding Period 6/1/18= 12/1/18 PROGRAMIPROJECT Activity#1: Operate a Business Incubator for Culinary Entrepreneurs OUTPUTS/Measurable Indicators E] Evaluation Process- Outputs: Who, Tools, When -1——----------------------- 1. 30 culinary micro-enterprises will Who: Incubator Director,Executive Director,IED participate in business development Business Counselors, PNC Workshop Facilitators. activities Tools:Attendance Lists,Business Licenses,Coaching Reports, Participant Enrollment& Income 2. 4Entrepreneurshowcases&/or,-ommunity Certification Forms. retail events When: Data entered monthly, reviewed quarterly. Reported annually and more often per various funder requirements. OUTCOMES/Measurable Indicators El Evaluation Process-Outcomes: Who,Tools,When - 28 culinary micro businesses are participating in Who: Incubator Director,Executive Director, Culinary business activities. Development Consultants - 13 are from Boynton,7 of which are in the CRA Tools: Client database,client follow-up surveys. District When:Reported annually and more often per various - 2 new jobs- I with Infusions Ca&and I with funder requirements. Island Hoppers - 2 showcase events 10/22 Entrepreneur Showcase 101 Pirate Fest 3 students are from CRA District PROGRAM/PROJECT Activity#2: Provide Certified Food Handler's Job Training OUTPUTS/Measurable Indicators El Evaluation Process-Outputs: Who, Tools, When ..................................._---- 1. 10 Certified Food Handlers,5 from CRA Who: Job Training Program Coordinator, area. Chef/Kitchen Skills Instructor,Executive Director. 2. 1 Job Fair RECEIVED Tools: Attendance Lists, Licensing Exam, Internship Records, and Participant Enrollment& Income Certification Forms. When:Data entered monthly,reviewed quarterly or Y with each gradating cohort.Reported annually and more often per various funder requirements. OUTCOMES/Measurable Indicators Ll Evaluation Process-Outcomes: Who,Tools,When Evaluation Plan,Community Caring Center ofGreatcrBoynton Beach,FY2017-2018,April 19,2018,Page 1 o173 ❑ 5 Food Handler Certificates have been issued, 4 Who: Job Training Program Coordinator,Executive resident in the CRA District Director,Development Consultants ❑ 2 have been hired by 1 with Publix, 1 with Port Tools: Client database, Client follow-up surveys. authority which was a hirer paying position both When: Reported annually and more often per are from the CRA, 1 with the Port Authority various funder requirements. with a higher paying position ❑ Held 1 Job Fair held at Benvenutos on Aug 7— 35 vendors,close to 200 attended,we know of 9 hires,4 are working at Troy's BBQ in CRA area. Several are still in various stages of review See attached narrative. ECEIVED � s Evaluation Plan,Community Caring Center of Greater Boynton Beach,FY 2017-2018,April 19,2018,Page 2 of 3 t Q ,Community Caring Center Incubator Narrative Quarter Report ending Sept 30,2018 The Secret Garden is currently working with 28 entrepreneurs that are in various stages of business development. From last years Roster,we have removed 4 businesses: 1—A Taste of Something Special.This was heart breaking as we had just hired Sheretta King as the Incubator Assistant Director. Her husband took a position with a school in Atlanta,where her mom and dad reside,and she was excited to move back to Atlanta to be close to her family,especially with small children growing up. It left us with a much needed position now vacant. However, it was wonderful to celebrate her departure knowing how happy they were about this decision.Sheretta was remarkable and extremely skilled as a culinary manager.She will be taking a position with a Burgerl'i franchisee. 2-Biscotti Firenze,Inc. has been with us since 2007. He has retired. 3—Miss'?"International decided to leave after only being with us for a few months. Her product was a remix and packaging of African seasonings. I believe she has relocated out of the USA. 4—A Bite 2 Eat,Tony&Toni King tried to market from the Sailfish Cafe and decided that what they wanted was a food truck.They were never able to make the transition, but still hold the dream. Toni King was offered a position as a consultant for Secret Garden once the Sailfish closed,but due to health concerns and the need for full time employment prevented her from joining the staff.This was a local CRA district business.They are welcomed to return. We have retained 14 businesses:24 Karat Catering,A Perfect Package,Adina's Cakery,Catering on the Move,Go French,Grandma's Manufacturing, Infusions Cafe,Keisha Cakes, LaMontagne Des Saveurs, LLC, Magick In Your Kitchen, Pitbull BBQ Sauce,The Bakery Babes,Sassy Palate,and the Country Gourmet. Additional info attached for your files There are 2 that are really looking to move into their own Retail Space with in the CRA District:Grandma's Manufacturing and Infusions Cafe. - Infusion's Cafe,one of two restaurateurs,currently has moved from friends offering to work for tips to actually hiring her first employee her sales have almost doubled from last years, $21,000 at 9 mo's she is at$31,000 and with the seasons start should be at$40,000 by the end of the year.She has added one night a month dinners and is doing more catering orders. Hired 1 employee - Grandma's Manufacturing as you know has been given a grant to buildout her new retail space in the CRA district and anticipated hiring at least 9 by the end of the year.Currently, new administration immigration requirements may have that on hold.They are fighting with an attorney the requirements that her and her husband return to Germany and begin the application process over.We're not sure of how this is going to play out. - Pitbull has move to a processing plant to increase market sales - 24 Karat sold to another individual who has renewed her license with us last month. 1Pae ( (11""�`, WCommunity Caring Center Incubator Narrative Quarter Report ending Sept 30,2018 We have added 4 New Businesses: Love, KatieKakes,LLC,Gyros AI Pastor&More, LLC,Vellco, Inc dba island Hoppers,Who's Cooking Gourmet Catering Co. - Love,KatieKakes is a returning 2013 incubator client.She was friends with Susan Levine, Hour Cocina and moved when Susan opened her business.She has returned after being married and having a baby.She is a gluten-free baker operating for now in the green market. - Gyros Al Pastor&More,LLC,Chris Wright is from Miami and is operating in the Yellow Green Market in Fort Lauderdale. He has an original recipe for his Gyros meat that he prepared at the Secret Garden.We want to expand his catering options be beginning the fall to have Phillip operate a portion of the Deli as a Mediterranean Deli and begin to introduce his gyros products. - Vellco,Inc dba Island Hoppers, Damion has purchased two amazing food trucks.The first he is ready to get on the road. He has hired a chef,Surendra Maharaj,and his application is in the state for approval. He is a CRA Resident and plans to get 2 food trucks on the road. Hired 1 employee Surendra Mahaaj,a copy of his food managers license,menu and pie of food truck attached - Who's Cooking Gourmet Catering Co. is at the very beginning of implementing their business,they have a food manager's license and is currently applying for their SS4, LLC,and insurance obtained.They plan on doing breakfast and lunch Culinary Business Development and Food Prep Classes Entrepreneurial Classes-Four(4)of the nine(9)food prep students from last years Food Prep Classes have begun to take the entrepreneurial class to learn about starting their own business. Both Haitian students,Magalie and Josephine,are from the CRA District and look to open their own bakery. Food Prep/EntpreCupcake Heaven Brenda Williams CRA District Food Resident Prep/Entpre Josephine Dachaute CRA District Food Resident Prep/Entpre Maga ie Pierre Food Prep/EntpreLo's Sweet Potato Pies Lolita Craig Jackson 2 ' Pae d �v Community Caring Center Incubator Narrative Quarter Report ending Sept 30,2018 Six(6) New Students have enrolled in the Entrepreneurial.Classes this summer. Entrep Houston One Spice Curtis Houston Entrep Natural Dog Treats Nancy&Michael Cannon CRA District Entrep Jamika Hart Resident Entrep Sweet D's Debbi Lapenta Entrep Terranova Gourmet Foods Fabiana Terranova Entrep • LWR Catering Malissa Hill We expect to get Houston One Spice up and running this year.We are working on business plans at the moment and looking forward to helping them get up and running at some point in 2019.Graduation is planned on October 22,2018 at our Annual Meeting With the 28 Entrepreneurs we are working with,13 are from Boynton Beach and 7 of those are within the CRA District. Food Prep Class There were 8 student that registers for class,6 attended,4 of which are CRA District Residents. Yurmily Lopez is a CRA District Resident.She has completed her classes and passed her test, attended job fair and has been hired by Publix; Phillip completed his test,attended the job fair and is working at the Port Authority in Riviera and volunteers on Monday to cook with Chef Steve Jones,a perfect package to do Chronic Meals for CCC. Yvette BeLue attended Job Fair,completed her testing, is still looking for a job in the food industry but has been hired at CCC to do in-take she is good computer skills Regina Umpierrez was referred by Women's Circle and is a CRA resident Since the grant issued on June 12,we have 2 new hires: Infusion's Cafe and Island Hoppers Job Fair-August 7,CCC held a Culinary Job Fair. It included 37 Recruitment Vendors.We had thought to originally have them register with EmployFlorida as suggested by Career source.That process proved to 3l Page Community Caring Center Incubator Narrative Quarter Report ending Sept 30,2018 be lengthy and difficult and we thought that we would lose some interest in attending if they could not accomplish that task.So,we just-opened it to sign in at the registration bootie.it is difficult to track the number of hires for a lot of reasons, recruiters submit to a HR who schedules interview and it could be a lengthy process before hiring,the contract for the company may not be able to obtain information, calling all attendees to-difficult with-hand-writing,-etc.As we have gone back-to each-recruiter to follow up we have only been able to obtain minimal information as follows: 37 Recruiters(2 where a no show) 200 plus attendees Publix hired 1 person Troy's BBQ hired 4 people KeKe's Restaurant hired 2 people,l was a no show Dunkin Donuts hired 3 PGS National,Bethesda and Boca Regional all had several"Qualified individuals,as of yet still processing applicants. Back up documentation included 4l Page 0sCity of Boynton Beach 3 Development Services 100 E Boynton Blvd Boynton Beach,FL 33425-0190 **SINGLE-PIECE 1 SGL 104718BB22-A-1 184 1 SP 0.470 111-11,511111111181111111111'1111-1118-111111 Jill II1111111,well,!! THE SECRET GARDEN CAFE COMMUNITY CARING CENT OF BB 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33435-3858 Dear Boynton Beach Business and Property Owners: We appreciate your continued participation in supporting economic growth and viability of our City by maintaining your Certificate of Use and Occupancy&Local.Business Tax. In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance, the document(s)below must be posted in a conspicuous place at your business or property. Should assistance be needed please contact the Development Services Department at(561)742-6350 or visit our Website at www.boynton-beach.org. w.boynton-beach.org. 40 DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS ►r i of Boynton Beach Certificate of Use/BusinessTax Receippt Expires on September 3 , 2019. A Business Control Number: 0023991 Business Name: The Secret Garden Cafe Date issued: 08/22/18 Business Location: 410 E Boynton Beach Blvd A Any changes in name,address,suite, ownership,etc. will require a new application. COMTR er efasettieat[on CV& cfawl."Ication Adslltiorral_lrre{sr--mratfQn: 19-00027388 445110 GROCERY STORESIMARKETS �.." 01 u, ry City of Boynton Beach 100 E Boynton Blvd • Boynton Beach, FL 33425-0190 y City of Boynton Beach Development Services 100 E Boynton Blvd Boynton Beach,FL 33425-0190 es •a *;SINGLE-PIECE 1 SGL 10971$BB22-A-1 191 1 SP 0.470 't"1'tt�'lit'Iltlilil'tltlltt'i�ltttll.itili:tllt.Ilttlll"11111* THE SECRET GARDEN CAFE COMMUNITY CARING CENT OF BB 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 334353858 Dear Boynton Beach Business and Property Owners: We appreciate your continued participation in supporting economic growth and viability of our City by maintaining your Certificate of Use and Occupancy&Local.Business Tax. In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance, the documents)below must be posted in a conspicuous place at your business or property. Should assistance be needed please contact the Development Services Department at(561)742-6350 or visit our website at www.boynton-beach.org. + DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS 44 --- City of BoyntonCertificate - / � i x Receipt Expires on September 30, 2019 Business Control Number: 0023991 Business Name: The Secret Garden Cafe Date Issued: 08/22/18 Business Location: 410 E Boynton.Beach Blvd A Any changes in name,address,suite, ownership, etc. will require a new application. COi��=N�umrber catfon-Code_ Class�aatioR_. Adrtttlanat lrtcxm�tion 19-00031363 722320 CATERER RECEIVED Cr` �t 1Boynton 100 E Boynton Blvd a Boynton Beach, FL 33425-0190 City of Boynton Beach Development Services I 100 E Boynton Blvd Boynton Beach,FL 33425-0190 r **SINGLE-PIECE 1 SGL 10971881322-A-1 190 1 SP 0.470 !�'pfiyr'llulinrrlurinullrilnl'111!'I'I'I'll�l'®i�llrelrl. THE SECRET GARDEN CAFE COMMUNITY CARING CENT OF BB 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33435-3858 Dear Boynton Beach Business and Property Owners: We appreciate your continued participation in supporting economic growth and viability of our City by maintaining your Certificate of Use and Occupancy&Local Business Tax. In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance, the.document(s)below must be posted in a conspicuous place at your business or property. Should assistance be needed please contact the Development Services Department at(561)742-6350 or visit our website at www.boynton-beach.org. e d+ DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS it t c i_i t I i Tax'Receipt l Expires_ on September 3 , 201 0 Business Control Number: 0023991 Business Name: The Secret Garden Cafe Date Issued: 08/2211.8 Business Location: 410 E Boynton Beach Blvd A Any changes in name, address,suite, ownership,etc.will require a new application. C31�Nutr�l�r .. ` ' ��re"Lo�la �iae` rcation . •' mal•# .min 19-00031362 722110 RESTAURANT 102 SEATS t d Boynton 100 E Boynton Blvd * Boynton Beach, FL,33425-0190 8/22/2018 Cccgbb job fair 08.07.18 From:BJ DeGolyer<bjaynelQmemm> To:Sherry Johnson<sherryoa@aoI.cOm> Subject:Ctxgbb job fair 08.07.18 Date:Tue,Aug 21,2018 3:03 pm Cccgbb job fair 08.07.18 Costco$250.27 Gas 25.07 Plates 12.99 forks 10.79 Cheese- 10.89 22.00 Napkins 8.49 Veg platter 9.99 x 4$30.00 Pin wheels 29.00x 3 90.00 chic&Swiss Hummus-6.39 13.00 chips 4.99- 10.00 Mini napkins-8.49 Crackers 7.29 Strawberry 3.99 16. - Kind Regards, BarbaraJayne DeGolyer Sassy Palate, LLC 561.274.7499 kitchen 561.212.9444 mobile info -.com jal .co R, 'C ,w Ott Ct� 4 hffp://mad.acd.com/webmil-sWen-us/Pdn*Aewage 1/1 Ic L d d s ow :c m s.. c �, v m m m ® m V —t Y ® r S �. W m r p o m r ® ® O w m w u u 6 y m m m u 116.0 C w m r1 ®,,,. m — G,.,.,.,.,. '..tee(...�..._...,,,..'. O. 1 C O M C M s e� C & C � b N w ®, o C. 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O J y J m u w s E ® J ut m a c m w C e � ®x aC oc o p Cl� c E ® C Y w Mm .., O w Y ® 3 3 m N a a + 0: c a in F sa S x 3I3 x' 2' n djjd LL IG c c -0 0 u N nw O z z z z z ao 0 0 0 0 Go Do 00 Q 0 CD 14 to m Ln w cn - w Go -Ir m 00 to N Ln n Ln EIn 8 E EES' ———---------- OC C M A) LD c o c IaA D -a • 0 00 00 Amuat Resate Certiffeate for Salm Tax R.10/17 THS CEFMFICATE BiP-WES ON DECEMBER 31, 18 and Location Atidrass Cartificate Number GYROS AL PASTOR&MORE LLC 60-W17578565-0 410 E BOYNTON BEACH BLVD 8O`YfqTON BE&CH FL"33436,1958 By Wending the cemkm or the cmuftM number to a saftv deaW to make eiigbte purchases of twome property or services exempt from sales tax and dsmbonwy sales sturtax.the person or business namned abaft carlifift that the UUMMe property or servmm purchasecl or rented will be resoidor for one or mom o(the . ° Resift as UnWft pumaW f • as commmam real p omw • *m as a w a"+Ua9 • kmporakin ilap part of - Resale or des. • ife-mrW as tray h rem pmpeny. that is Celrlg wwwourst"motor$09 tri manutacturn+g, Rorids law Provides for crknbW and civil Penalties for frauduleat use of a Florida Annual Resale Cermeate. �L16:28 t Certfficate of Regist-r ion Rmill bsued Purstant to C&Vtor 212,Rodda StaUesRod FLMDA -60-801757 5654 -07IM18- Numbw 6legistration Effective Date This certifies,that GYROS AL PASTOR&MORE LLC 410 E BOYNTON BEACH BLVD BOYNTONSEACfiFL 334351-3858 has met the sates and use tax Mgis'tmW requirements for the business location stated above and is authari to collect and remit tax as reqwed by Florida law. This certificate is non-trarnhwabis. <i.CE.IV E „r STATE OF FLORIDA a_ x_ DEPARTMENT USI ESS AND PROFESSIONAL REGULATION DIVISION OF HOTELS AND RESTAURANTS 850-487-1395 <4 _ 2601 BLAIR STONE ROAD TALLAHASSEE FL 32399-1011 GYROS AL PASTOR AND MORE LLC GYROS AL PASTOR YGFM#471 RECEIVED 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33435 ,`\ ^ rl t„ ," t ( z t ongratulations! With this license you become one of the nearly ne million Floridians licensed by the Department of Business and rofessional Regulation. Our professionals and businesses range STATE OF FLORIDA om architects to yacht brokers,from boxers to barbeque _ DEPARTMENT OF BUSINESS AND :staurants,and they keep Florida's economy strong. PROFESSIONAL REGULATION very day we work to improve the way we do business in order TEM6038068 ISSUED: 08/20/2018 t serve you better. For information about our services,please rg onto . yfloridalicense.com. There you can find more TEMPORARY EVENT VENDOR(2016) iformation about our divisions and the regulations that impact GYROS AL PASTOR AND MORE LLC ,u,subscribe to department newsletters and learn more about GYROS AL PASTOR YGFM#471 se Departments initiatives. 'ur mission at the Department is:License Efficiently, Regulate airly.We constantly strive to serve you better so that you can rrve your customers. Thank you for doing business in Florida, IS LICENSED under the provisions of Ch.509 FS. nd congratulations on your new license! Expiration date:AUG 10,2019 1-1808200000577 DETACH HERE RICK SC=_GOVERLVDR_., _ _ JONATHAN_ZACHEM,_SECRETARY__ STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF HOTELS AND RESTAURANTS he TEMPORARY EVENT VENDOR (2016)(ANNUAL) lamed-below IS LICENSED Inder the provisions of Chapter 509 FS. Xpiration date: AUG 103 2019 NON- TRANSFERABLE. GYROS AL PASTOR AND MORE LLC GYROS AL PASTOR YGFM#471 410 E BOYNTON BEACH. LVO: , BOYNTON BEACH FL 33435 ISSUED: 08/20/2018 DISPLAY AS REQUIRED BY-LAW` SEQ# L1808200000577 Insurance_provided bv the Company des, FEDERATED NATIONAL INSURANCE COMPANY COMMERCIAL LIABILITY POLICY POLICY DECLARATIONS POLICY NUMBER: HM-000001 4595-02 Named Insured and Mailing Address-, Producer Name and Address: KEISHA GAINES ENCARNACION INS&FINANCIAL SERV KEISHA CAKES 1301 W BOYNTON BEACH BLVD STE 8 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33426 BOYNTON BEACH, FL 33435 (561)336-3433 (561)336-3436 (954)263-5025 Producer Code: 25102 Insured is: Corporation Partnership -Individual Association Business of Insured: CAKE BAKER&DECORATOR Policy Period: This policy is in force from 09/2812018 to 09/28/2019 at 12:01:00A.M. at your mailing address shown above. These Declarations,together with the Common Policy Conditions, and the General Liability Coverage Part (which consists of coverages forms and endorsements, if any, issued to form a part of it)complete the policy. LIMITS OF INSURANCE General Aggregate Limit(Other Than Products-Completed Operations)................................ $2,000,000 Products-Completed Operations Aggregate Limit.................................................................... $2,000,000 Personal&Advertising Injury Liability Limit.............................................................................. $1,000,000 Each Occurrence Limit............................................................................................................ $1,000,000 Fire Damage Limit(Any One Fire) ........................................................................................... $100,000 Medical Expense Limit(Any One Person)................................................................................ $5,000 Total Provisional Policy Premium............................................................................................. $550-00 Fees and Inspection Costs(if applicable)MGA Fee................................................................ $25.00 Florida Insurance Guaranty Association 2006 Regular Assessment....................................... N/A Florida Insurance Guaranty Association 2006 Emergency Assessment ................................ N/A Florida Insurance Guaranty Association Fee 2007 Regular Assessment ............................... N/A Florida Insurance Guaranty Association Fee 2012 Regular Assessment ............................... N/A Florida Hurricane Catastrophe Fund Fee................................................................................. TotalPayable Now........................................ .......................................................................... $575.00 The policy is subject to audit Forms and en miqWL Mel L 03 Q&Nis (solic ors &at time of ue: FNICGL4(01131FN 1071 11). 03 00(0196).CAR,36(03 05).CG 21 37(10 01),CG 29 39(90 93),CG 2142(12 04).GG 2144(07 98), CG2146(07981CG2147(1207),CG2167(1204),CG2186(1204), CG2196(0305).CG2294(1001),IL0017(1198),ILD021(0908).FNIC OOQ1(0509),FNIC 29(1009LFNIC 59(05 09).FNIC 6(05 09).FNIC 71 s(05 09),FNIC 84s(05 09),FNIC 901(04 031 FNIC 952(05 091 FNIC 964(05 09).FNIC 974(05 09),FNIC 975(05 091 FNIC 981(05 09),FNIC 982 (05 09).FNIC 990(02 12),FNIC 991(0109).FNIC 992(0109),FNIC 993(0109).CG 2132(05 09).FNIC 994(1013);CG 21 16(07 98);CG 2173(01 15);FNIC 998(0514);CG 20 10 (07 04Y Countersigned by at Florida 018 Authorized Representative ............................ ...................................................................................................... ................. FNIC 1071 (04 03) Insured's Copy FEDERATED NATIONAL INSURANCE C P Y � Named !neared:MCEISHA GAINES I �1 PQucY: HM-0000014595-02 �I Commercial Liability Declarations Schedule (Continued) r= II �� r Hazards Wu Premium Premium �I� Classification Code Basis Rate Deposit I --TM — - — . �.� ... BAKERIES—PREMd 3 I 10100 s 250004.696� 303 1� If #BAKERIES—PROD — 10900 25000 0.453 197' u ADDITIONAL INSURED 44446 1 50 50 s I 1410 E BOYNTON BEACH BLVD LOCATION#1 BOYNTON BEACH FL,33435 y _ � a ► r I i _ j t � F I � 'MINIMUM PREMIUM POUCY^PREMIUM WCLUDES CLAMS FREE DISCOUMT, RENEWALUMC'OUNF, TBD=To be determined at Audit (c)cost (c)per$1,000 (e)each (e)per each f (p)payroll (p).per$1,000 rr ,�,�.r�� (r)receipients (r)per$1,000 i sib v��,.��, � E (s)sales (s)per$1,000 (u)units (u)per each ..........................................a__. ............... ... .. ...... .............................................. ..................FNIC 1002(04 03) 'r VMI- k f} -, 91� Nt a tiao t 'Wwrn III Mtn. 1 � •iut�i�ilii�il a�dnll��tll�tiUl �,,w r�d.S�}2�✓5 �, , RECEIVED yr f _ a 4 u" MAN ,,,, Electronic Articles of Organization L18000163482 FILED 8:00 AM For July 05, 2018 Florida Limited Liability Company sec. Of state msimmons Article I The name of the Limited Liability Company is: GYROS AL PASTOR&MORE, LLC Article II The street address of the principal office of the Limited Liability Company is: 410 E BOYNTON BEACH BOULEVARD BOYNTON BEACH, FL. 33435 The mailing address of the Limited Liability Company is: 1040 SW 6TH STREET #3 MIAMI, FL. 33130 Article III The name and Florida street address of the registered agent is: CHRISTOPHER WRIGHT 1040 SW 6TH STREET #3 MIAMI, FL. 33130 Having been named as registered agent and to accept service of process for the above stated limited liability company at the place designated in this certificate, I hereby accept the appointment as registered agent and agree to act in this capacity. I further agree to comply with the provisions of all statutes relating to the proper and complete performance of my duties, and I am familiar with and accept the obligations of my position as registered agent. Registered Agent Signature: CHRISTOPHER WRIGHT Article IV L18000163482 FILED The name and address of person(s) authorized to manage LLC: July 05 Y00 2018M Title: AMBR SGC. Of State CHRISTOPHER WRIGHT msimmons 1040 SW 6TH STREET #3 MIAMI, FL. 33130 Signature of member or an authorized representative Electronic Signature: CHRISTOPHER WRIGHT I am the member or authorized representative submitting these Articles of Organization and affirm that the facts stated herein are true. I am aware that false information submitted in a document to the Department of State constitutes a third degree felony as provided for in s.817.155, F.S. I understand the requirement to file an annual report between January 1 st and May 1 st in the calendar year following formation of the LLC and every year thereafter to maintain "active" status. 3 '1., t 1'.F 2018 Florida Annual Resale Certificate for Sales Tax ®R-13 R.10/17 no. THIS CERTIFICATE EXPIRES ON DECEMBER 31,2018 0 FLORIDA Business Name and Location Address Certificate Number THE COUNTRY GOURMET 60-8016016939-3 SHIRLEY A.SANDERS 410 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33435-3858 By extending this certificate or the certificate number to a selling dealer to make eligible purchases of taxable property or services exempt from sales tax and discretionary sales surtax,the person or business named above certifies that the taxable property or services purchased or rented will be resold or re-rented for one or more of the following purposes: ! • Rede as tangible personal property. • Re-rental as commercial real property. • Incorporation as a material,ingredient,or • Re-rental as tangible personal property. • Incorporation into tangible personal property being component part of tangible personal property • Resale of services. repaired. that is being produced for sale by manufacturing, • Re-rental as transient rental property. compounding,or processing. Florida law provides for criminal and civil penalties for fraudulent use of a Florida Annual Resale Certificate. RICK SCOTT;-GOVERNOR JONATHAN ZACHEM,SECRETARY STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF HOTELS AND RESTAURANTS ' CAT6013926 The CATERER(2013) Named below IS LICENSED ` Under the provisions of Chapter 509 FS.. M Expiration date: DEC 1, 2018 NON- TRANSFERABLE. 21 LM■ SANDERS SHIRLEY A THE COUNTRY GOURMET`` 410 E BOYNTON BCH BLVD` ■ BOYNTON BEACH FL 33435 • • ISSUED: 11/12/2017 DISPLAYAS REQUIRED BY LAW SEQ# L1711120000692 Li 75 LL. L ' LLI c ID LU o m V LL. (D 0 f3e LU n 0 ;F L, 0 LL- 0 E yC) .5 C%4 LLJ cr 0 CO-) 0 < r z 'r <>< V- Ll. LLo- < cr) 0 z LO LLJ Cfl n W < .2 t It- r_ 0 2 it 0 0 ol .2 .2 u Z 4A U. Q-0 ^Ao E -0 o 2 ce LL. u Ct- ui 3: LU 0 D vi -0 31� C') N" k&l �2 vo/ SCHEDULE I C Profit or Loss From Business OMS No.1545-0074 (Formi 1040) (Sale Proprietorship) ——----_ _ No-Go to wvAvJrs.gov/Schedu1eC for instructions and the latest information. 16� 0 1 Department of the Treasury Attachment Internal Revenue Service(99) ►Attach to Form 1040,1 G40NR,or 1041;partnerships generally must file Form 1065. Sequence No.09 Name of proprietor Social security number(SSN) SHIRLEY A SANDERS A Principal business or profession,including product or service(see instructions) B Enter code from instructions THE COUNTRY GOURMET 9 1 9 19 ? 9 9 19 ........... C Business name.If no separate business name,leave blank. D Employer 10 number(EIN)(see instr.) THE COUNTRY GOURMET 711 5 16 1110 1,215 Business address(including suite or room no.) 0- 410 E BOYNTON BEACH BLVD -- ---------------------------------------------------------------------------------------------------------- City,town or post office,state,and ZIP code BOYNTON BEACH, FL 33435 F Accounting method: (1) 0 Cash (2) ID Accrual (3) E]Other(specify) It►- ------ -- ------- ----------------------------------------------- * Did you"materially participate"in the operation of this business during 2017?if"No,"see instructions for limit on losses . g Yes E)No * It you started or acquired this business during 2017,check here . . . . . . . . . . . . . . . . . 11 I Did you make any payments in 2017 that would require you to file Form(s)1099?(see instructions) . . . . . . El Yes NO J If"Yes,"did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . E]Yes n No ................ I Gross receipts or sales.See instructions for line 1 and check the box if this income was rekorted to you on Form W-2 and the"Statutory employee"box on that form was checked . . . . . . ►El 1 11,141. 2 Returns and allowances . . . . . . . . . . . . . . . . . . .I . . . . .❑. 2 3 Subtract line 2 from line 1 . . . . 3 11,141v 4 Cost of goods sold(from line 42) . . . . . . . . . . . . . 4 7, 694. 5 Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . 5 3,447. ...............—............ 6 Other income,including federal end state gasoline or fuel tax credit or refund(see instructions) . . . . 6 7 Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . 3,447. CEBUE) _ _ �peuSes_Enter expenses for business use of your home only on line 30. ..... 8 Advertising 8 IS Office expense(see instructions) 18 9 Car and truck expenses(see 19 Pension and profit-sharing plans 19 ............ instructions). . . . . 9 20 Rent or lease(see instructions): 10 Commissions and fees 10 a Vehicles,machinery,and equipment 20a 11 Contract labor(see instructions) 11 b Other business property . . . 20b 872. 12 Depletion . . . . . 12 1 21 Repairs and maintenance . . . 21 13 Depreciation and section 179 22 Supplies(not included in Part III) . 22 .............. expense deduction, (not included in Part 111) (see 23 Taxes and licenses . . . . . 23 1,093. instructions). . . . . 121 963. 24 Travel,meals,and entertainment: 14 Employee benefit programs a Travel. . . . . . . . . 24a (other than on line 19). 14 b Deductible meals and 15 Insurance(other than health) l 15 299. f entertainment(see instructions) 24b T_ 16 Interest: 25 Utilities . . . . . . . . 25 a Mortgage(paid to banks,etc.) 16a 26 Wages(less employment credits). 26 ...... b Other 16b 27a Other expenses(from line 48) 27a 17 Legal and professional services 17 b Reserved for future use l.. i 27b 28 Total expenses before expenses for business use of home.Add lines 8 through 27a. . . . . . . ► 1 28 3,407. 29 Tentative profit or(loss).Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . 29 40. 30 Expenses for business use of your home. Do not report these expenses elsewhere.,Attach Form 8829 unless using the simplified method(see instructions). Simplified method filers only:enter the total square footage of.(a)your home: and(b)the part of your home used for business: Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 . . . . . . . . 30 31 Net profit or(loss)- Subtract line 30 from line 29. a If a profit,enter on both Form 1040,line 12(or Form 1MNR,line 13)and on Schedule SE,line 2. (if you checked the box on line 1.see instructions).Estates and trusts,enter on Form 1041,line 3 31 40. * If a loss,you must go to line 32. jj 32 If you have a loss,check the box that describes your investment in this activity(see instructions). • If you checked 32a.enter the loss on both Form IM,line 12,(or Form 1040HR,line 13)and 32a All investment is at risk. -see the line 31 instructions).Estates and on Schedule SE,line 2.(if you checked the box on line 1, 326E] Some investment is not "' ...... trusts,enter on Form 1041,line 3. i,,% ,, `.. at risk. * If you checked 32b,you must attach Form 6198.Your loss may be limited. For Paperwork Reduction Act Notice,see the separate instructions. SAA REV 11115117 PRO Schedule C(Form 1040)2017 o�i C)11 t— zi r T 6- 9+ m COM W �. en Ui S* Ly w M:3 =3 A x co CDC r d m per` m co LL O Q By 4 w- z a 54 Oulu 0) fin MR 0 -Je'en ED o CL is Dfa U IL 00 Q 00 W < 0 Co Or 0 ca {. r wIrlC rr Q7 0 C G -J UJf- R E cm o Ln UZI h— a o .., ED ° v d 75 x Ul UUw d y. >-p- f:. IDE WUJ( Zus W 0a 'S Flu r W x weQQ a ZZ� us U m n <CD CO 0C, � fug: City of Boynton Beach Development Services 100 E Boynton Blvd Boynton Beach.FL 3342"190 s*SINGLE-PIECE 3 SGL 10424381107-A-3 9I b SP 0.470 11111111lllllerrlir�nllrhlrrlrprill�ipr,lllrrlrlll�lllrlld'�t ADINA S CAKERY LLC 9858 GLADES RD#133 BOCA RATON FL 33434-3983 Dear Boynton Beach Business and PropertyOwners: We appreciate your continued participation-in supporting economic growth and viabi ty of our City by-maintaining your Certificate of Use and Occupancy&Local Business Tax. In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance,the document(s)below must be posted in a conspicuous place at your business or property. Should assistance be needed please contact the Development Services Department at(561)742-6350 or visit our website at .boynton-beach.org. 4 DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS 4 ----------------------- ----------------------------------------------------------------------------------------------------------- City r---_------.--_-.--------------------------.,--________---- __-.._--_---_-_._____ i y oy ton Beach CertificateUse/Business Tax cei .. Expires on September 30, 2019 Business Control Number: 0025750 Business Name: Adina`s Cakery LIc DateIssued: 08/07118 Business Location., 400 E Boynton Beach Blvd L Any changes in name,address,suite; ownership, etc. will require a new application. 18-00029594 311811 BAKERY OCEAN AVE GREEN MARKET( cs ( 4 3,oil H City of Boynton Beach 100 E Boynton Blvd • Boynton Beach, FL 33425-0190 City of Boynton Beach Development Services 100E Boynton 8tvd Boynton Beach,FL 5-0190 ...SINGLE-PIECE I SGL 1042439607-A-1 aa 1 SP B.470 ADINNS CAKERY LLC 9858 GLADES RD#133 BOCA RATON FL 33434-3983 Dear Boynton Beach Business and Property Owners: -We appreC4ate your-continued,-participation in supporting economic growth and viability of our City by,maintaining your Certificate of Use and Occupancy&Local Business Tax. In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance,the document(s)below must be posted in a conspicuous place at your business or property. Should assistance be needed please contact the Development Services Department at(561)742-6350 or visit our website at www.boynton-beach.org. 41 DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS ------------------------------------------------------------------------------------------------- ................................. City of Boynton Beach Certificate of Use/Business Tax Receipt PT Expires on September 30, 2019 Business Control Number: 0025750 Business Name: Adina7s Cakery Lle Date Issued: 08107118 Business Location: 400 E Boynton Beach Blvd Any changes in name,address, suite,ownership,etc. will require a new application. 19-00020983 CU2 CERT OF USE&OCC COMM City of Boynton Beach 100E Boynton Blvd Boynton Beach, FL 33425-0190 WIN C C N e Z IL SI LL log O p 4tO� lrf W ao LL s a O a m i fz Ali m a o O m .a g s Q O c �n A Aft JOB 0 a O 91 Ui cr W V o 4 : 0 p G a c '2 Z m m � c 3 r t � i O UL z C s+ m fl � n X S e ^' W A u u `\ LL a m w Q O w v !n W Cl W 3 �I STA OF FLORIDA . .........._ _ DIVISION L S PROFESSIONALDEPARTMENT OF BUSINESS AND REGULATION wwwmyfloridaficense.00m Food Service Inspection This inspection report mustpublic upon request per Florida law. Met Inspection Standards duringi i hereinANY VIOLATIONS noted t be corrected by the inspectionNEXT UNANNOUNCED . Inspection ate: Jan 19,201 12:06-Jan 19,2015 12:43 License Expiration: December 1,201 License u ber: 6013966Rank:CATR Inspection Reason: Routine-Food Owner Name: RKSK,INCusine Name: BAKERY BABES Location Address: 410E BOYNTON BEACH BLVD License Type: Catering BOYNTON BEACH FL 33435 Telephone umber: 561352.5595 Number of Units: 0 Reinspectlon on orAfter: PUBLICFOODBORNE ILLNESS RISK FACTORS AND 01A Food obtained from approved source IN 07 Unwrapped or PHrrCS food not rem rued I - 016 Food safe and unadulterated;sound condition IN 05A Separating w animal foods from:each other,RTE foods and NIO unwashed produce 01C Sellsto tags;commingling NIA 08B Food protection during preparation,storage and display 01 O Parasite destruction for raw/undercooked fish NiA 09 Bare hand contact with RTE food;A11ternative Operating NIO Procedure(AQP) 02A Consumer advisory on raw/undercooked oysters NIA 11 Employee health knowledge;ill/symptomatic employee NIO present 02B Consumer advisory on raw/undercooked animal foods NIA 12A Hands clean and washed properly;use of hand antiseptic if NIO use ofAOP 02C Date marking ready-to-eat(RTE)potentially hazardous I time/ IN 12S Employee eating,drinking,tasting food,smoking NIO temperature control for safety foods 03A Reoeiving and holding PH/TCS foods cold IN 22 Food-contact surfaces clean and sanitized I 03B Receiving and holding PHITCS foods hot NIO 31A Han ash sin (s)installed,accessible,not used for other 1 purposes 03C Cooking raw animal foods and plant foods;non-continuous N10 31B Handwashing supplies and handwash sign provided I cooking-of raw animal foods 03D Cooling PHrrCS foods;proper cooling methods NIO 41 Chemicalsitoxic substances OUT 03E Reheating PHITCS foods for hot holding WO 53A Food manager tion;know ge/active managerial IN control(exoept employee heaEth) 03F Time as a Public Health Control NIA 53B State approved food handier training;employee duty specific I train 03Q Reduced oxygen packaging(ROP)and other Special NIA Processes PRACTICESGOOD RETAIL 02D Food items properly labeled;original container 35A No presence or breeding of inse /r en pests;no live animals 04 Facilities to maintain PHITCS foods at the proper temperature 35B Outer openings protected from in pests,rodent proof 5 Food and food equipment thermometer's provided and 36 Floors,walls,ceilings and attached uiprent properly accurate constructed and clean;rooms and equipment properly vented 06 PHITCS foods properly thawed 35 Lighting provided as required;fixtures shielded or bulbs protected 10 In use food dispensing utensils properly stored 40 Employee personal belongings 13 Olean clothes;hair restraints;Jewelry;paintedfaffificial 42 Cleaning and maintenance equipment fingernails - 14 Food ntact and nonfood n surfaces designed, 43 Complete paration from living/sleeping area/private constructed,maintained,installed,located premise;kitchen restricted-no unauthorized personnel 16 Dishwashingfacilities;chemical test it(s);gauges 45 Fire extinguishing equipment(F fl 1. ash 2.Rinse 3.Sanitize PURPOSESONLY) January 19,2015 at 12:43.36 PM EST Location:BAKERY BABES Food Service Inspection Report License#CATReO13966 DBPR Form HR -015-Rule 61 C-1.002,.FAC 1 bF3 Inspector Begurn Khatoon Software v n6.31 ' f '! ,,.-, f �`'o Page: ---_..FS.STATEOF FLORIDA DIVISION OF HO7rELS AND RESTAURANTS DEPARTMEN'r OF BUSINESS AND PROFESSIONAL REGULATION vvvm�myfloridalicensexom 21 Wiping cloths;clean and soiled linens;laundry facilities 46 Exits not blocked or locked(FOR REPORTING PURPOSES ONLY) 23 Non-food contact surfaces clean 47 Electrical wiring/outlets in good repair(FOR REPORTING PURPOSES ONLY) 24 Storage/handling of clean equipment,utensils;air drying 48- Gas appliances;boiler certificate current/posted-(FOR REPORTING PURPOSES ONLY) 25 Single-service and single-use items 49 Flammable/combustible materials(FOR REPORTING PURPOSES ONLY) 27 Water source safe,hot(100F)and cold under pressure 50 Current license,property displayed 28 Sewage and waste water disposed property 51 Other conditions sanitary and safe operation 29 Plumbing installed and maintained;mop sink;water filters; 52 Misrepresentation;misbranding backflow prevention 32 Bathrooms 54 Florida Clean Indoor Air Act Compliance ,33 Garbage and refuse;premises maintained 55 Automatic Gratuity Notice Items marked IN are in compliance.Items marked OUT are-violations.Specificdetails of the-violations arerlisted an subsequent pages.Items marked-N/A are Not Applicable.Items marked as N/0 are Not Observed and were not being conducted at the time of inspection. FOOD TEMPERATURES Bar Area Buffet Line Cook Line Front Counter Front Line Kitchen Prep Area Reach In Cooler Butter, cream cheese, milk, yogurt all at 42*43) Reach In Freezer Steam Tables in Mairie StorageArear it Station Walk In Cooler Walk In Freezer OTHER ITEMS Certified Food Manager and Date Certified, Tharilyn Dorsey 4/15 Manager Certified By: National Restaurant Association Educational Foundation-ServSaleEV r".': , Employees Trained By: Florida Restaurant and Lodging Association Sewage: MunicipalifUtility Water Source: Municipal Boiler: No Boiler On Site Boiler Jurisdiction and Expiration: I-',,OYN'TON Sanill1rhorDetoils: Sink not set up. InSpeCtor Comments: Operator not prep food at time of inspection. A link to the Florida Department of Agriculture's Food Recovery Resource Guide is located at http:llwww.myfloridalicense.comfdbprihrtformsthr-publications.htmI This report has been provided electronically as requested by the person in charge at the time of inspection. January 19,2018 at 12:43:35 PM EST Location:BAKERY BASES Food Service Inspection Report License*CATR60139W DBPR Form HR 5022-015-Rule 61G-1.002,FAG Inspector Begurn 10vatoon Software Version 6.31 Page: 2 of 3 STATE OF FLORIDA DIVISION OF HOTELS AND RESTAURANTS DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION www.m.yfloridalicense.com VIOLATIONS 41-17-4 Observed:Spray bottle containing toxic substance not labeled.....blue liquid spray bottle at dishwashing area.Pic labeled it at time of inspection."Corrected On-Site" Priority,Intermediate Cl� V It Signature of Recipient Inspector Signature Philip Herman Begum Khatoon PIC Inspector 5617528598 850487-1395 Jan 19,201812:38 Jan 19,2018 12:38 January 19,2018 at 12:43:36 PM EST Location:BAKERY BABES Food Service Inspection Report License k.CATR6013966 DBPR Form HR 5022-015-Rule 6IC-1.002,FAC Inspector Begum Khatoon Software Version 6.31 Page: 3 of 3 :. City of Boynton Ew=h Development Senices 1.00.E Boynton Blvd- Boynton BeaGh,FL 33425-0190 'r **AUTO**ALL FOR AAHC 334 & AADC 103817BA31-A-1 1565 1 AD 0-400 '�li�lil,tl,l,!!®1111t`n,®�#•tt�l�t!llhltt'illtl®fir®=rtl!ltrl!! PrMULL BBQ OF SOUTH FLORIDA 2510 S CORAL TRACE CIR DELRAY BEACH FL 6-3612 r Clear Boynton Beach Business and Property Owners: W,a appreciate,,your confinued.-participation in supporting economic growth and viability of our City by maintaining your Cerfificate of Use and Occupancy&Local Business Tax_ In accordance with Chapter 13 of the City of Boynton Beach Municipal Ordinance,the document(s) below must be posted in a conspicuous place at your business or property. Should assistance lye needed- please contact the Development Services Department at(561)742-6350 or visit our website at www.boynton-beach.org. + DETACH THE DOCUMENT BELOW AND POST CONSPICUOUSLY AT YOUR PLACE OF BUSINESS +l+ -------------------___________r___________________________________e_________..______________________________________________________ C"ertificate of Use/Business Tax Receipt Expires t r 30, 2018 Business Conlrol,Plumber, 0033613 Busfnesis Mame: Pitbull Bbq Of SouthFlorida Date Issued: 08/29/17 Business Lo on: 410 E Boynton Beach Blvd Any changes in name,address,suite,ownership, etc, will require a new application. -COUSTP, " Ger` Ciassfri bh'Cbft— ` tassff ca n itional irifior a„'. 9'8-00048199 311999 MANUFAC,FOOD PREPARATION t Vt fty of Boynton Beach '� 100 E Boynton Blvd Boynton Beach, FL 33425-0190 w ANNE- M. G A t4 N 0 N P.O.Box 3353,West Palm Beach,FL 334023953 **L TED AT" CONSTITUTIONAL rax COLLECTOR www.pbdax.com Tet:(561)355-2264 4p1/�0 East Y�NpTONrE3Er�yAyrryCy��rH�t BLVD SCP°Ee[lig f�1rR$PQC�r trnrtRErf BOYNT®N BEACH, FL�7O`7'Y5 SErvl ng you. TYPE�Bl&SINESS OWNM _COMMAMONfi fiC$:EiPTSWA7E PAID AMT PAID B1LLR 31-0 1 PWD PRODUM MANUFACTUREJi PM3LQ.L WO OF SOUTH FLORIDA LLG 379TI4 U1&32M—MUM 533 00--— 840193357 This document is valid only when rec€ipted by the Tax Collector's office. STATEOFFLOFUDA PALM BEACH COUNTY 2017/2018 LOCAL BUSINESS TAX RECEIPT PtTBULL BBQ LIBTR Number: 2018104372 PITBULL BBQ OF SOUTH FLORIDA LLC EXPIRES:r T 30,201-8 2510 S CORAL TRACE CiR DELRAY BEACH,FL 33445 This receipt grants the privilege of engaging in or managing any business profession or occupation within its jurisdiction and MUST be conspicuously displayed at the place of business and in such a manner as to be open to the view of the public. 1= z ` a 4 as Florida department of Agriculture-and Consumer Services Division of Food Safety 3125 lConrier Boulevard,626 Tallahassee,FL 32349-1650 (850)245-6620 ADAM tt.PUTIOM October 02,2017 COMMISSIONER Food Entity Number: 379728 Business Mailing Address: '[IN i'11fi111111[silo 1'li"Ills 111•,=11iii'i111111II11't.1Ii1r1=1 PIT13ULL BBQ OF SOUTH FLORIDA 2510 S CORAL TRACE CIR DELRAY BEACH,FL 33446-3612 Location Address: PITBULL BBQ OF SOUTH FLORIDA MOBILE 410 E BOYNTON BEACH BLVD. BOYNTON BEACH,FL--33A NOTICE:This permit is issued to the above entity and is valid at the above location only_If-the fee for this permit-was paid by a check for which payment has been refused fur any reason,this permit is invalid and the Department will take action against your business imposing.fines and penalties as authorized by Florida Law.The Department is authorized to enforce Chapter 500,Florida Statutes,by prominently posting a CLOSED FOR BUSINESS sign on the premises.Violation of this section is a misdemeanor of the second degree, punishable by up to 60 days in jail. IMPORTANT All food establishments are REQUIRED to have a Certified Food Manager(CFPM),except those that sell or hold only prepackaged,unopened,non-potentially-hazardous foods, Limited Poultry and Egg Farm Operations, and for wholesale seafood processors with an approved HACCP plan.At least one CFPM must be present during operations,except when less than four employees are handling.foods. A CFPM must pass an exam,given by an approved provider.Optional training and/or study guides are offered by test providers. One may also prepare for the test by studying the FDA Food Code(copy may be purchased from U.S. Printing Office, 1-800-533-6847).Food safety training is not required for all employees,but is encouraged for any who perform food preparation activities. AdditionalL information regarding permitting requirements,food protection manager requirements,changes in ownership,changes in services and other questions can be obtained by calling the Division of Food Safety at(850).245-5520 or e-mailing us at foodinsp@FreshFromFlorida.com or visiting our web site at http://www.FreshFromRorida.com. Cut Here -.-- ----------------------------------------------------------------------------I-------------------------------------------.------ State of Florida } Department of Agriculture and Consumer Services Division of Food Safety (850)245-5520 2017 Ford Entity Number -379728 POST PERMIT Expiration Date December 31,2097 CONSPICUOUSLY Annual Food Permit Fee amount Paid $12t_0o GOOD FOR ONE LOCATION permit Number : 1668276 Package : 18-4542543 This 2543This permit is issued under authority of Section 500.12,Florida Statutes,to: Food Entity Type, FLEA MARKET KIOSK PIT ULL BBQ OF SOUTH FLORIDA MOBILE 2017 410 E BOYNTON-BEACH BLVD. BOYNTON BEACH, FL 33435 04-1-2 ADAMH MIT ANI 1,MMISSIONER Owner: PITBULL B OF SOUTH-FLORIDA P ° i 2510 S CORAL TRACE CIR DELRAY BEACH,FL 3 -3512 Food Permits are required of any business or person in the business of manufacture 4 ► `° ",`''' m �h preparing,or selling food at wholesale or retail.This food permit may be sus upon notice for violations of Chspter 500,Florida Statutes or Department rules_You are responsible for renewing-this Food Permit before January 1st-each year_For renewal information please contact the Department at(850)245-5520_ FDACS-14903 Rev.O7M3 Florida Department of Agriculture and Consumer Services- Division ervicesDivision of Food Safety- 3125 Conner SWIevaro,C-26 Tallahassee.FL 32399-1650 (850)245-5520 ADAM H_PLffft ► October 02,2017 COU NDSSIONER Food Entity Number: 379734 Business Mailing Address s�re�tlli�Ii�slrl'If llt'lE"iII'�1�"•}Il��'ii�ll�ll'f1®�'�llelri- PITBULL BBQ OF SOUTH-FLORIDA 2510 S CORAL TRACE CIR DELRAY BEACH;FL 33445-31312 Location Ad . PITBULL-880 OF SOUTH FLORIDA 410 E BOYNTON-BEACH-BLVD BOYNTON BEACH,FL 33435 NOTICE:This-permit is issued-to the above entity and is valid at the above location only: If the fee for this permit was paid-by a check for which payment hasbeen refused for any reason,this permit is invalid and the Department will take action against your business imposing fines and penalties as authorized by Florida Law_The Department is authorized to enforce Chapter 500,Florida Statutes,by prominently posting a CLOSED FOR BUSINESS sign on the premises.Violation of this section is a misdemeanor of the second degree, punishable by up to 60 days in jail. IMPORTANT:All food establishments are REQUIRED to have a Certified Food Manager(CFPM),except those that sell or hold-only prepackaged,unopened;non-potentially hazardous-foods; Limited Poultry and Egg Farm Operations, and for wholesale seafood processors with an approved HACCP plan.At least one CFPM must be present during operations,except when less than four employees are handling foods. A CFPM must pass an exam,given by an approved provider.Optional training andfor study guides are offered by test providers. One may also prepare for the test by studying the FDA Food Code(copy may be purchased from U.S.Printing Office, 1-800-533-6847).Food safety training is-not required for all employees,but is encouraged for any who perform food preparation activities. Additional information regarding permitting requirements,food protection manager requirements,changes in ownership,changes in services and other questions can be obtained by calling the Division of Foci Safety at(850)245-5520 or e-mailingus at foodinsp§7FreshFromFlorida.com or visiting our web site at httpJ/www FreshFromFlorida.com. --- Cut Here ----------------------------------- -------------------------------- State of Florida Department of Agriculture and Consumer Services Division of Food Safety (850)245-5520 2017 FaoitESiti y 1-4umbwr 37W3e, POST PERMIT Expiration Date : December 31,2017 CONSPICUOUSLY Annual Food Permit Fee Amount Paid- : $304.00 GOOD FOR ONE LOCATION Permit Number- : 1668282 Package 18-4542536 This permit is issued under authority M Section 500.12,Florida Statutes,to: Food Entity Type: OTHER PERISHABLE-PROCESSING PITBULL BBQ OF SOUTH FLORIDA 2017 410 E BOYNTON BEACH BLVD BOYNTON BEACH,€L 33436 . Owner: PITBULL BBQ OF SOUTH FLORIDA ADAM H.PUTNAM;COMMISSIONER 2510 S-CORAL TRACE CIR DELRAY BEACH;FL 3612 Food Permits are required of any business or person in the business of manufacturing,processing.packing,holding, preparing,or selling food at wholesale or retail.This food-permit may be suspended upon notice for violations of Chapter 500,Florida Statutes or Department rules.You are responsible for renewing this Food-Permit before January 1st each year.For renewal information please contact the Department at(850)245-5520. FOACS-14903 Rev 07113 Gffya[-BayMn 100 E B%MWB Mid Bapdan Beach,FL 320SM90 .SINGLE-PIECE b Sdi 9MAIS-I b In b SP [44bu IM'ddgMMgdln-,Pfl-PdP-miO4lil-ulPoI PCIBULL 080 OF SOLITH FLORIDA 25,03 v R 2 T [n 13 QflhQ,OVof in a COMOMM-Phwe at erd Services Departrnect at( 1)742 or ------------------- -------------__-----------�:-_-------------------------SAT -------- ®_�._. qq ----_-------------- City of Boynton Beach Certificate of Use/Buriness Tax Receipt Expires on September 30, 2018 ' 0WW3 MA Bbq Of SoulkRorkla sudiven Nam: 75M BUMMM . 410 E B&fl*m Beach BW USE$o City of Boynton Beach 100 E BOYftn Btud '` o Boynton Bir.FL 33425-M90 U'Ll CL Ln cc DO u E Y V _r_ E ci 6 im w E 0 "1 Q c m E 0 0 1 a off, E 10 u E a) Q Yi tv ID ME: bo E 4 0 6 w u Q r- CL m CL 0 4- U m i6 u E E (ja (D (a w — 0 E -;; o E 0 E E Cs E w loro m co M 00 0 t E CL 0 0 to 0 3: 0 0 r E u 0 m U' u C4 Ln Ln m Ln m co to of In co -e N -1 co to a% co Ln "I E cn Ch Zr4 t op T n Z �tb 14 fn a Ln w a rl 0 Q r,%b I;t 4D cv TLq h N14 � rl e q 0 to W to LD lD W (D W tD Ln Ln th Ln Ln Ln Ln Ln Ln Ln LO to 0M 10 10 m CV) co 10 Aa- v Vet - P1 m CV) fn LL. 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U- Iii LL ELLCL li u 4- obi s In 4- ca S- 0 L. 0 co r ca +- O 0 00 tj 0 dx 4- 0 0 0 0 ca ca ca An G- co ca -a o 0 0 va 4- 0 -0 CA 0% 4- = — > ca wQv � 4- 12 cm Z 4- ir -1 Z z to 0% Tn 00 -E 0 8 V- 'D ,- I,- (A) oo 'D :ft r- > '4D 4 t- o% ca 0 — _ 0 > 0 00 0 o% ca qr qc �o co C-i (n 4c U- In 93 Ax CO 'A 4- 0 F7 33 D LL An CL > 0 0 C4- ul 0 0 X: CL 0 u CL Qj W Ce to U) x :m 3: V w > to 0 Z to V CL C c0 CL 0 Iq v Iwo 0 LL 0 4u w ul = O' C 41 C >o 'A .0 a a u to E u c w I to w In w 06 t N u z 0In o 0 CL CL CL OL CL CX OL CL -0 W ui LLI LU LU LU LU LLI W LLI co co 00 co co co co GO Do Up 0 �4 -f -4 -4 -1 �l 0 < < < < < < oc oc W- at cc cc w V V U u u u U u ul u a aa C a I 0) 0) :2 cc < < cc cz W- fo N L L U LL � �r�u _ t , x rn ce c, Q f 7 n N Ol Ln M m '^ hN d, M N M M Lo �M M th M S s m 0 ®_ A m S 16 t f } H .m. d 3 M O 4 Z � � a Q �n vy IS > o� v� .d s c v � t m OD L y d �JCl CL O. d d � Q L W W Go co cc cc U U - d .q Q LY V ----------- zi Tw S�w I MIMER z .a z w � � I 1 m f ti ( 45 a 10/1/2015 Detail by Entity Name Detail by Entity Name Foreign Profit Corporation VELLCO,INC. Filing Information Document Number F17000001385 FEVEIN Number 32-0417081 Date Filed 03/24/2017 State DE Status ACTIVE Principal_Address 625 Casa loma BLVD Unit 904 Boynton Beach, FL 33435 Changed:03/12/2018 ai'ng Address 1827 POWERS FERRY RD. BLDG 20,STE.250 ATLANTA, GA 30339 Registered Agent Name_&Address GOPAUL,CALVIN 625 Casa Loma BLVD Unit 904 Boynton Beach,FL 33435 Address Changed:03/12/2018 Office r]D �rt rD ai NONE Annual Reports Report Year Filed Date 2018 03/12/2018 Document Images „u Q7/16/?Q18--Off/Dir Resignation View image in PDF format 03/12/2018—ANNUAL REPORT View image in PDF format Q3/24/2017—Foreign Profit View image in PDF format http://search.sunbiz.org/inquiry/CorporabonSearchtSearchResultDetail?inquirytype=EnftyName&directionType=lnifal&searchNameOrder-VELLCO%... 212 Entrees - Curry Chicken Boneless chicken cooked in homestyle curry - Goat Curry Goat meat cooked in a spicy curry - Shrimp Curry Shrimp cooked in Indian style curry - Island Spice Salmon Grilled Salmon Fillet - Island Spice Burger Spicy ground beef patties - Jerk Chicken Chicken grilled in our flavorful jerk rub ......... Sides Caribbean Fried Rice,White Rice, Plantains,Mixed vegetables, Fries ST II z 8 tgtf • o _ ` �i �iw f - u , aI I. is 'FI i z t � r i u � t �m+tit( 4}i�ia r� AM IMF- },rri i i� i} - ,j (� r �"E �t„a� h}� � u f�a� 4 z '77 �� i� ,r i sir, r t 1 i 1 tr� II t� 5.2.2. REGULATORY To be determined. Regulatory compliance costs include all costs associated with the permitting, licensing and environmental inspections necessary prior to the start of business.The various required licenses might include a business license,food handler certification,health certification,and fire certification. 5.2.3.EMPLOYEES Island Hoppers will employ two cooks per truck with supervising cook's pay of$13/hour and assistant cook's pay of$10/hour. Island Hoppers will serve two meals a day, lunches and dinners, provide meals at big sports events and festivals,and cater to corporate events.The hours will vary depending on venues and market demand.The assumption is the employees will need to work 8 hours(driving,setting up, preparing meals,serving customers, cleaning up)5-7 days per week. Average salary expenses for the company is estimated at$9,000 per month for four employees('or" $4,500 per truck). 6 r= fe 5.2.4.PROJECTED EXPENSES Other projected expenses include initial supply purchases(packages,napkins, plastic cutlery,soda cups, oil,etc.)and one-time purchases(uniforms)for start-up,the cost of fuel for two trucks and food and beverage supplies for daily operations. Estimated food and beverage costs-$1,500 a week for food and supplies($6,000 per month per truck) Fuel cost assumed to be$120 per week per truck($500 per month) Overnight parking-$200/month. The facilities have the kitchen and a certified space to dump used "gray"water. Additional expenses might occur from paying to gain access to certain popular events(some venues charge up to 10%of sales at the event). Island Hoppers will use Square for credit card processing. It includes a one-time cost of$1,000 to purchase hardware and 2.75%of every credit card transaction processed. Marketing and Promotion costs also include print material(business cards,flyers, menus)and online presence(domain name,website hosting)and should not exceed$350 per year. 5.3.PRODUCT Island Hoppers' menu offers a variety of Caribbean foods such as jerk chicken,curry chicken, bean stew, rice,peas,red beans, prepared home-style. i i 5.3.1.Sample Menu Hors d'oeuvres - Jerk Chicken Skewers Morsels of chicken breast grilled with spicy jerk rub on a skewer 7 a� 0 y" a z c E � S V m " o Z t u -$ ''' V m LpLCD y C V__..- x -tCC W Q} O p ti- N p'.LJ 0 � 3 d cis to N w E .2 M Im O m Y N .x.. V- dampQ a LU CF) (D Mir m AON%L O Q c 12 m N O L ML M _0 a o z U N •V a Z 'P .mn 'O� o Z IV E w a ppp- Sam $'< �i (D c � z Co N V � LU LL. E t A N v Goa 0 a LAJ ° o N � N W H:v o ~ a L s r a 4A %of U) .i 3 0) 0 AN usi 0 ui rt1 m 0 e MEN Sig, mliiji t, 1 CITY OF DELRAY BEACH 100 NIN 1r Avenue INESSvey Beach ' rte( 243-713 Extt621I 7-AX z Fax:(561)213-7221EWAL NOME NOTICE OF BUSINESS TAX DUE Busiwss TAX No:17 8: f::Oi __ Octoberl.2017 to Sentemtw30,2018 PIN: S 7 Tax ting Bus• Name& ion: CAE NGNW AVE LWR CATERING RAYCH FL 33444 307 NW 1#TH AVE DELRAY BEACH FL 33444 Classification: IDE OMUPATION PI NE L T UE 1 1. $ le to City of Delray Beach and mail your chei tc with the bottom portion of this notice._ Failure to Pay Your business tax on or befbre the dam of business or September 30 will cause the tax as ind below: penalties to he applied to PAYMENT AND PENALTYULE DATE P TY EFFECTIVE: Od 7 Noy Dec i Jan 1 .P Tr: 10x asx 20% 25% AMOUNT DUE:. $199.-36.' - $208.43 $217.49 $226.55 OwnwsNA etG. You must We a at"Cffy of 1101rdy Beach BoWness Tax#10celPt kation must be filed an orbefore Septamber3o to TO RENEW YOUR BUSINESS TAX_COPIFS OF rx-jr]1atFhrrc i tsTr-n rtm nwr wri-ng-w wevl=F:vr"p=n no ri.aewr;cn %W V- i/ IF Department of State I certify from the records of tins office that LWR CATERING is a Fictitious Name registered with the Department of StaW on Nov ember 2 , 2016 The Re&ftafiOn Number of this Fictitious Name is Cal 127 6_ I further certify that- Fictitious Name Registration is active. I fiulher certify that this office began filing Fictitious Name Registrations 1, 1991, Pursuant to Section 865.09,�Florida Statutes. Ghwu under my band �Grew Sed of FhwW at T ' the TweUtY WhIth daY OfNdvmber.2016 e of Shw � z y ID 52e-116-G1u To Mdwnfiadc this cfffificate�visit the follawiog sites itis f r • i ; i ( 1 i ! • i ! !: 1 ♦ 't 1 t ;1 - { t ♦ # tr. t - • /# is f # # 1 :fr: rs # . t- • ,, Lt a r = YxTA liv i �,��`s� its •sud��g�{�? -H�S� .'Ne 4, h3f ENDORSEMENTS: CLASS:E-Any notrcommerrial vehicle vMh a GVWR less than.26.00i lbs.or any RV REPLACEMENT LICENSE REQUIRED WITHIN 10 DAYS OF ADDRESS OR NAME CHANGE. The State of Florida remiss al pf0party rights herein. Terry L Rhodes 'I Executive Director Clayton Boyd Walden D redbor of Motorist S. cas P79170310et22 N Rev Date 06-01-14 Y � www.flhsmvgov 01OM7$"216321 v d s � t \ � h f c ter �, ` r:ll x. ,. ' G,UR SOCIAL SECURITY CARD side contains important ADULTS:Sign this card in ink immediately. CHILDREN:Do not sign until age 18 or your first job, whichever is earlier. low tate signature line. Keep your card In a safe place to prevent loss or theft. DO NOT CARRY THIS CARD WITH YOU. Do not laminate. ® i k x _ -THIS NUMER H;r.$E£A,f'£STA�''ISHED POR f AIN n � . t j 1 - IGNATUR I _ A& _ c ,,_"G r t oul £ 'V _ Fab1p f kk"bale) 565.-4106523 trgourm aiE.co a RaWn-FL ....... ......... Eggq us on facebook' 4n a m err anav�cgourmetfood Les-ranajagour�rtletr .Youtube-tr'c ourmeifoa i "s a rtt',... z A, x �m of r �i 4,ryryryryq4 �; ..rte rte tr ' IrA V p U 51T i k 1 ` :0 Lki :� +M* �Y to ot V� t { Ar � s .M Workshop Schedule r i s: CAP— 18 DATE: Activities are on-going done none CLASS /stuaentsr W sr �f Mondays 630 P —8:30 PM 1. Income° erificat on Secret Garden 2. Buisn Plan Deja [Executive Summary, Financial Costing, Pricing, Purveyor id ti'scation comparisons of 3 menu items) 3.Miarketing Strategy identification May 21 Introductions and Need Income Verification Handouts—bring copies IED,P C, J,Sherry Assessments of documents that can just be handed in to Explanation of Income CAP at the following class,NOT Originals Certification&Documentation Required Overview of Program Dates to Remember:June 22,July 23&August 7 ..... ...... May 28 Business Plan Development Income Certifications- One-on-One they POC'CAP,IED, Executive Summary&Branding can meet with CAP as class is going on June 4 Organizational Types&Insurance PNCC l�1 June 11 Financial Responsibilities& PNC Record Keeping .. _.._�_... w.-. June 18 PNC Credit&Banking Services June 22 VIP Reception—will need servers 5:30 PM at Secret Garden June 25 Time Management—1 hr 2nd hr—review plans for the 22nd and PNC,IED,BJ,Sherry complete missing items and schedule appointments for Busn Plan&Marketing Plan July 2-thru 6 Week for on-on-one for executive IED summary,menu costing,marketing strategy July 9 Branding/Customer Service IED �.® . July 16 Branding/Customer Service IED _.....m . July 24 Tuesday Graduation—6:30 Ex Summary,Financial Menu Costing, IE i PNC,BJ Combined Graduation Marketing Strategy,Certificat M""v� _ _.._.. ...'._..... Graduation ! August 7 Job Fair—Benvenuto 2 PM to 6 Tony,iED,BJ W.... _ PM _.. _... A Secret Garden,A Culinary Business Deveiopment Center,413 E.Boynton Beach Blud.,Boynton Beach.F1.334,.35 Entrepreneurial Program Coordinator,Dr.Lynn Allisen,IED,at 561-326-7572 s Executive Dia ector,,Sherry Johnson_.CCC,at 551-386-4261 \ v4vv4viit��,� • r � - i, �S s� Ss' int i i �'U ,-a s'sSsr. `•_ u F G' i\ r 1, t�tJ�s +e j: mw 9' 01 ftH Y/u.- un: ... xm.Y` rk�F COIL) { em, J7 tr i X4"0, nom. a r LJ-1 s s, F �`uFury y yy, fifi, �4v v a1YttU'Si1UdUVd66d4 �may m n u Ga «Y ff - �wi,S,rvpp•� m r r ��,rafi. F ¢(O, �1 n° J 0 11 w a "7 an ru\e m,�qa\�}M11� wnn w 4 \V,awx �4 rte, "{ e,„ �WA4 Wy'V. 1 NRT' i� �lU\U\Wtiex&?711\ iao��«• mra;UA,ann, ,�5r \\��,ri'� W Aaw\:aR�aa 'u'rzr' C0„ i�a.AiWt91N1 U�r c1 p ° U;m1J� 9. n+esVf' w t S ti� n D nv� 1 f ` �r n r S fs*�f\ta�tavn, �N4S4aYYs;Yii. 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Credit Reporting for a Small Business.........................................................................................5 Pre-Test..................................................................................................................................................................................6 CreditReporting......................................................................................................................................... ...........7 ............... CreditReport Impact...........................................................................................................................................................7 BusinessCredit Reports.......................................................................................................................................................7 Discussion Point#1:Business Credit Reports....................................................................................................................8 ThreeKey Business Reporting Agencies............................................................................................................................8 Consumer Reporting Agency...............................................................................................................................................9 Discussion Point#2: Consumer Reporting Agency............................................................................................................9 ReportingConsumer Credit Manages Risk.....................................................................................................................10 Additional Services of Agencies.........................................................................................................................................11 Fair Credit Reporting Act..................................................................................................................................................11 DiscussionPoint#3:Fair Credit Reporting Act...............................................................................................................12 Fair Credit Billing Act........................................................................................................................................................12 Handling Personal Information:Risks&Responsibilities.............................................................................................13 PersonalCredit Impact on Business..................................................................................................................................13 Discussion Point#4:Personal Guarantor.........................................................................................................................15 Five Key Points to Remember............................................................................................................................................16 Post-Test..............................................................................................................................................................................17 ForFurther Information....................................................................................................................................................18 Evaluation Form.................................................................................................................................................................19 Money Smart for Small Business Page 2 of 19 Credit Reporting Participant Guide DISCLAIMER These training materials are intended as general guidance only and may or may not apply to a particular situation based on the circumstances.The materials do not create any legal rights or impose any legally binding requirements or obligations on the Federal Deposit Insurance Corporation(FDIC)and U.S. Small Business Administration(SBA). The FDIC and SBA make no claims or guarantees regarding the accuracy or timeliness of this information and material. The content of this training material is not designed or intended to provide authoritative financial, accounting, investment,legal or other professional advice which may be reasonably relied on by its readers. If expert assistance in any of these areas is required,the services of a qualified professional should be sought. Reference to any specific commercial product, process, or service by trade name, trademark, manufacture, or otherwise does not constitute an endorsement, a recommendation, or a preference by the FDIC and SBA or the United States government. Manny Smart for Small Business Page 3 of 19 Credit Reporting Participant Guide c o rn e Welcome to the Credit Reporting for a Small Business training.By taking this training,you are taking an important step toward building a better business.This guide accompanies the Credit Reporting for a Small Business PowerPoint Presentation. Objectives After completing this training,you will be able to: • Explain the concept of credit reporting and the impact of credit reports on the operation or growth of a small business. • Identify the credit reports and other reporting systems cormnonly used to assess the risk of extending credit to a small business. • Explain how credit reports work. • Identify the benefits a small business derives from a positive record of managing its debts and obligations. • Identify risks to a business from credit-related scams or frauds and take steps to avoid or mitigate harm caused by them. • Identify the common business practices and products,tools,and services that are available for a small business to help in proper credit reporting. • Identify strategies for building or improving business credit. • Explain how the personal finances of a business owner impact the ability of a business to get credit. Money Smart for Small Business Page 4 of 19 Credit Reporting Participant Guide ........... What Dc,, You Know? Credit Reporting for a Small Business Instructor: ........ Date: This form will allow you and your instructor to see what you know about credit reporting,both before and after the training.Please read each statement below.Circle the number that shows how much you agree with each statement. Before Training After Training 0 0 El LD —IM 0 0 0 (n F1—i canexplainthe concept of credit reporting and the impact of credit reports on the operation or 1 2 3 4 1 2 3 4 growth of a small business. 2. 1 can identify the credit reports and other reporting systems commonly used to assess the risk of 1 2 3 4 1 2 3 4 extending credit to a small business. 3. 1 can explain how credit reports work. 1 1 2 3 4 1 2 3 4 4. 1 can identify the benefits a small business derives from a positive record of managing its 1 2 3 4 1 2 3 4 debts and obligations. 5. 1 can identify risks to a business from credit- related scams or frauds and take steps to avoid or 1 2 3 4 1 2 3 4 mitigate harm caused by them. 6. 1 can identify the common practices or products, tools,or services which are available for a small 1 2 3 4 1 2 3 4 business to help in proper credit reporting. 7. 1 can identify strategies for building or improving 1 2 3 4 1 2 business credit. 8. 1 can explain how the personal finances of a business owner impact the ability of a business to 1 2 3 4 12 3 4 get credit. ................. Money Smart or Small Businass Page 5 of 19 Credit Reporting Participant Guido Pre-Test Test your knowledge of credit reporting before you go through the training. 1. Which of the items listed below will not appear on a credit report?Select all that apply. a. Unpaid lawsuits b. Employment c. Tax liens d. Credit rating score e. Former alias 2. List the three key business reporting agencies: 1. 2. 3. 3. The Fair Credit Reporting Act sets forth legal requirements for your business in all aspects of the credit reporting process,from furnishing credit information to an agency to using credit reports ordered from an agency. a. True b. False 4. The Fair Credit Billing Act may require you to promptly process returns you accept from customers who had paid you using their credit card. a. True b. False 5. Obtaining information on a consumer under false pretenses may cause you to be: a. Fined b. Imprisoned for up to two years c. Both a.and b. Money Smart for Small Ru-iness Page 6 of 19 Credit Reporting Participant Guido Credit Reporting A small business credit report contains information provided by banks,lenders,investors,landlords,other businesses,and government agencies.A business credit report may include items such as an analysis of credit worthiness,insurance underwriting,employment,certain licenses,continued credit terms,and business needs.Credit reporting agencies collect information on bank accounts,payment histories,judgments,collections,tax liens,and unpaid lawsuits.Credit reporting agencies identify the business using its tax ID number,previous addresses,and former names. z,..,, Credit reports may be used by,or involve,a small business owner in any of three ways: • As a borrower seeking credit,creditors or suppliers reviews your credit history to determine whether they will grant you credit and on what terms. LL • As a report user,you request the credit report of a potential customer or vendor.You may use the report to set credit terms for a customer seeking to make a purchase.You can also use the reports to help assess and manage the risk of a vendor or supplier not fulfilling their contractual obligations. • As a reporter of information,your business submits credit information related to accounts owed to your business.When a customer pays their debts in a timely manner,you provide this information to the credit reporting agencies. Business Credit Reports As you are getting started in your business,you can use your personal credit for the business.However,establishing credit with a credit reporting service,in the name of the business,is very important.Business credit reports compare the stability of a business to similar businesses participating in the credit reporting service.Businesses involved in extending credit use these reports to determine terms of financing. Suppliers and shipping companies review the credit history of your business when deciding whether to grant a line of credit.Firms participating in a business credit reporting service are more visible in the marketplace.Being listed with the business reporting service helps consumers find your company through intemet searches that link the firm's name to the name or key words in the firm's credit report. To start the process of building a credit file for your business,obtain a tax identification(ID)number from the Internal Revenue Service(IRS).Next,obtain a unique identification number for your firm,called a Data Universal Numbering System(DUNS)number,through www.dnb..col.Once you have obtained the DUNS number,become a subscriber of a reporting service by submitting financial statements and registration information on your business to one of the three major national credit reporting agencies.To ensure the most favorable credit rating,include the strongest or most well- established opened trade line-of-credit accounts in your registration information.The reporting agency will contact the creditors you list for the most current information. Money Smart 4or Small Business Page 7 of 19 Credit Reporting Participant Guido Discussion� Point #1 - Business Credit Reports The purpose of this question is to discuss the benefits and challenges with business credit reports. Have business credit reports helped your business? What have been some of the challenges of business credit reports? A business credit report includes information such as: • Commercial credit risk score • Potential for business failure indicators • Credit filings in existence for secured property • Business ownership information • Other businesses owned by the same organization • Public records of security interest filings(which provides notice to other creditors that property cannot be used as collateral for another loan) Each reporting agency usually provides a free business credit report and for a fee may provide additional information such as: • Agency summary of financial and nonfinancial accounts • Public records of any secretary of state business registration • Scores from another reporting agency • Payment trend and payment index comparisons to the industry norm over a 12-month period BusinessThree Key The three major national business reporting agencies are:Dun and Bradstreet,Experian 1" Business,and Equifax Business.Each of these agencies has extensive information on their web pRb sites regarding their services.You can check with a sales consultant about pricing on additional Decide with Confidence services. �004 B e,*e EqUIFAX Money Smart for Small Sus n ss Page 8 of 19 Credit Reporting Participant Gui(la Consumer Reporting Agency A consumer reporting agency is any person or business that assembles or evaluates credit information on consumers,for fees or dues,and furnishes these reports to third parties.For consumers,there are three major credit reporting agencies: Experian,Equifax,and TransUnion. r As a small business,if you have a permissible purpose to obtain a credit report on a consumer,you can access the information gathered through these three key reporting agencies either directly from them or indirectly through one of the many other consumer reporting agencies.You can find these additional agencies by searching the Internet.If you obtain a credit report,use it solely for the purpose intended,such as to make a decision whether to extend credit to a customer.Do not pass the credit report on to a third party; doing so can result in your firm being considered a consumer reporting agency causing additional legal responsibilities. Knowing the legal standards and regulations you must follow when requesting and using a credit report or reporting to a consumer reporting agency is important. If your business has a reporting relationship or the ability to pull credit reports, be sure to train all of your staff and any others who have access to credit reports on how to comply with legal and industry expectations and minimize risks. Discussion Point a a - Consumer Reporting Agency The purpose of this question is to discuss why businesses would provide information to a consumer reporting agency. 1 What are some of the reasons a business owner may have for reporting consumer credit information to a consumer reporting agency? Morley smart for Small Business Page 0 of 1 g Credit Reporting Participant Guida Reporting Consumer Credit Manages Risk Reporting your transactional history with a consumer to a credit agency gives other creditors notice of debts owed to your business.It allows other firms to know a consumer's total existing debt.Dividing monthly debt by the income for the month is referred to as the debt-to-income ratio.Many issuers of credit expect around 45 percent as an acceptable amount of debt-to-income,depending on other monthly expenses. Consumers who are credit conscious are more likely to pay on your accounts,if they know that you will report their payment history to credit agencies.Overall debt recovery increases with account reporting. Collection agencies require accurate records to collect unpaid bills.By reporting late payments,you begin the notification process.Current reporting also helps to locate debtors by providing updated addresses. Consumers who review their reports will uncover fraud or identity theft attempts when an account is issued by a creditor that the consumer never opened.The consumer can then contact the repositories to put an alert on any reports already issued or block reports from being issued without the consumer's consent.As a business owner,if you obtain a report with an alert,be sure to contact the applicant—perhaps using the last known address on the credit report—to validate the person's identity and be certain you are not dealing with a case of identity theft. Reporting to Credit Agencies A business can report consumer information directly to one of the three major credit agencies or through a third party. Representatives of the credit agency will guide you through the credit reporting process.However,before participating in credit reporting,consider the requirements and costs in relation to your business needs.Decide which type of service to use and whether to establish a direct relationship with one of the three main repositories.The credit agency should also offer training to help your business comply with laws and regulations relating to the reporting of information. All agencies and businesses must follow state and federal laws with regard to reporting credit.Many of these third party agencies have guidelines or templates to aid your business in complying with these laws.Compare agencies by checking their fees and asking for all requirements. Requirements to Report Directly Small businesses are required to have a retail location to work directly with one of the three credit agencies.For example, landlords or home-based businesses are generally excluded from directly using the three main credit agencies because of this need for a secured retail location.The three credit agencies have specific requirements about a facility using their services.To ensure data and reports are protected and information is not compromised,a retail location is required to undergo an inspection to check for the following: • Legitimate business location with secure locks • Separate office rooms with secured filing systems • Secure computers • Security procedures Money Smart for Small Business Page 10 of 19 Credit Reporting Participant Guid. Reporting through a Local or Regional Agency If your business does not meet the qualifications to report directly to one of the three main credit agencies,the business can potentially do so through a local or regional agency.Local or regional agencies serve as a"gateway"for a small business to report and obtain information from the three main agencies or repositories. These local agencies may also act as a collection agency.Collection agency specialized services can vary widely from medical to rent recovery.Many landlords and home-based businesses use the services of a collection agency. flay dditional Services of Agencies Credit reporting service packages can be tailored to your business needs.Check with a representative about your possible need for employment background checks,creditor information,marketing opportunities,and business risks.Agencies should have procedures to ensure compliance with relevant laws and regulations.Ask about these procedures.Also ask about their training programs. One service,credit collection,helps businesses take legal action on past due accounts and also helps to recover debt.In some cases,a credit collection service will buy debt from your business at less than the owed amount. The requirements and fees vary for different collection services.All collection services require their business customers to keep accurate records,but some collection services require software purchases,charge per account,and receive a percentage fee on collections.Collection services also have different late payment policies.Review agency web sites and contact their help desk or support if you have any questions about their collection services. Pulling a credit report or reporting credit requires following the law.Providing guidance in this area is part of what an agency will provide.An agency should be knowledgeable and up-to-date.Agency models for reporting and obtaining credit are set up to conform to regulations such as those formed by the Fair Credit Reporting Act and the Fair Credit Billing Act.These agencies take some of the burden off you,the business owner. Fair Credit Reporting Act The Fair Credit Reporting Act(FCRA)governs the collection,assembly,and use of consumer report information. The Act sets forth legal requirements for your business in all aspects of the credit reporting process,from furnishing credit information to an agency to how to use credit reports ordered from an agency.For example,the law limits when you can request a credit report on a consumer. It governs how you may use credit scores. Consumers(you or your customers)have protections under the FORA. If you make a decision adverse to a consumer based on a credit report,you must provide the consumer a notice that lists the name of the credit reporting agency that provided the report you relied upon when making your decision. In that circumstance,consumers may obtain a free copy of their own report from the credit reporting agency. Violations of this act expose your business to significant and costly legal damages,plus potential damage to the reputation of the business.Take time to understand the requirements of the FCRA and seek legal counsel as necessary.You can learn more atww.fta�ov/os/statutes/fcradoc.l df or elsewhere on the Federal Trade Commission web site.In addition to Roney smart for Sma i Business Page 11 of 19 Credit Reporting Participant Guide .....__.—................ � — —. complying with the FCRA,be knowledgeable of state laws that apply to your business. Responsible agencies may help guide your business in these areas,so be sure to do some research before signing up with an agency. PointDiscussion m Fair The purpose of this question is to discuss how the Fair Credit Reporting Act impacts your business. HH does-the �_ Fair Credit Reporting Act impact your business? Fair Credit Billing Act The Fair Credit Billing Act(FCBA)regulates billing practices for open-end credit(such as credit cards). This law protects consumers from unfair practices and provides a mechanism for addressing billing errors in credit accounts.Even if your business is not billing for credit card services,you may be billing for other services or providing credit and reporting credit-related information. Or,you may be working with a creditor to provide financing to customers for purchases of your products. If you are engaged in activities covered by the Fair Credit Billing Act,certain requirements are imposed on you by law. For example,if a consumer disputes a bill or requests proof of purchase as part of their inquiry regarding an error,you cannot take any action to collect the disputed amount during your investigation of the consumer's complaint. And,you must respond to the consumer within a timeframe specified in the law. Also,many of your customers use credit or debit cards to make purchases.If you accept debit or credit cards,go over details with your merchant services provider on how to handle credits or returns properly.Understanding the FCBA ensures you will be compliant with the laws that affect your credit card sales. For example,if you accept a return from a customer who made the purchase with a credit card,the FCBA requires you to promptly issue a credit for the return to the customer's credit card. Other laws Know what state or local laws may apply to your consumer billing activities. For example,some jurisdictions may require that you provide a receipt to your customers that lists certain information on the receipt. And,if you are collecting on debts owed to you,or hiring debt collectors,take time to understand the federal and state laws that may apply and any restrictions you may face in how you collect on money owed to you. Money Smart fcr smao Business Page 12 of 19 Credit Reporting Participant Guide Handling Personal Information: Risks & Responsibi lities Understanding the laws and risks associated with handling personal information is important. Employees should be trained on the proper procedures to ensure compliance.Negligence for noncompliance can result in fines that include liability for sums equal to damages sustained plus attorney fees,in addition to negative publicity for your firm.Obtaining f information on a consumer under false pretenses may lead to a fine or imprisonment for a to two ears or , p p y both.Agencies providing information to a person not " authorized to obtain the personal information may receive a similar penalty.Handle private consumerfr information as though it were your own to help protect f� I against identity theft and fraud. o- Investigate disputes of inaccurate reporting of information to credit bureaus by acknowledging your receipt of the complaint and discontinuing any reporting on the disputed account.Notify the consumer of your findings within 90 days of receiving their notice.Also,follow the laws of your state. Personal Credit Impact on Business To make a decision on your business loan application,lenders will likely ask for your permission to review your personal credit reports and contact your bank to verify your handling of checking accounts and existing loans. Your Personal Credit Before you apply for credit,it is a good idea to order and review your personal credit report through www.annualereditrer),ort.com,to ensure your credit report does not contain inaccurate information. If there are errors on your report,provide copies of all documentation to support your claim when you file the dispute. Send copies of the documentation directly to the creditor that provided the inaccurate information as well as the credit bureau. Once the error resolution process is completed,request an updated credit report from all three major national credit reporting bureaus to verify that the changes were made. You may be able to file disputes online.When mailing a response to a dispute request a tracking number.This tracking provides a timeline of when to expect a response.A creditor is required to respond within 30 days of receiving the notice of the dispute. Improve Your Personal Credit Scores For most major scoring models,whether you repay loans as agreed(on time)is generally the most significant factor influencing your score.That is why it is important to pay your bills on time.Another key component of your credit score Money Smart for Small Business Page 13 of 19 Credit Reporting Participant Guid:- is how much you currently owe on each account compared to its original loan amount or credit limit.Additional factors include how long you have had your current loans and credit cards,the types of credit accounts you have,and how many recent"credit inquiries"you have(these are requests by lenders for your credit report or score in response to your applications for new credit). Contrary to common misconceptions,your credit score will not be lowered when you order your own credit report. In addition to ensuring that your credit reports are accurate,consider the following to improve your scores: • Pay your loans and other bills on time.Even if you fell into trouble in the past,you can rebuild your credit history by beginning to make payments as agreed.Paying your debts on time will have a positive effect on your credit score and can improve your access to credit. • Minimize how much you owe in relation to your credit limit to show that you are not overextending on debt.Do not automatically close accounts that have been paid in full and have not been used for a while,because that can lower your available credit and make the ratio of credit used to credit available worse.The exception is an account that continues to be assessed monthly fees even with a zero balance. • Think carefully before applying for new credit,as credit inquiries can lower your score. Personal Guarantor Advantages Under certain circumstances,you may be required to personally guarantee a loan to the business.Lenders may require you to be the personal guarantor if your business is registered as a limited liability company,if the loan is part of a program provided through the Small Business Administration(SBA),or your ownership is greater than 20 percent. SBA Loan Program With an SBA loan,the SBA does not actually originate the loan.You work directly with your bank.The SBA assumes some of the risk involved in the making of the loan to help the bank provide lending that would otherwise not be available. Obtaining the loan may be important to the business,but naturally as a guarantor,you are personally liable to repay the loan even if the business does not perform well.These risks should be carefully reviewed before signing the loan agreement. Consider seeking advice from an accountant and attorney before borrowing money for your business. Personal Guarantor Disadvantages Being a personal guarantor means that you are liable for the loan if your business is not able to make the payments.You will be required to make the payments from your personal funds.You may also be asked to pledge personal assets as collateral to secure a loan. If your home is collateral for the loan to the business,failure to pay the loan could result in foreclosure and loss of your home. If you do not qualify on your own for a loan,a lender may require another creditworthy individual to sign as a guarantor. Federal rules limit when a creditor may specifically seek an applicant's spouse as a cosigner or guarantor.These rules vary depending on the circumstances,such as whether any property securing the loan is held jointly or whether you are in a state that allows community property. Moncy Smart for Small Business Page 14 of 19 Credit Reporting Participant Cuida If you believe a bank has violated rules when requesting a signature from a spouse on a loan agreement and you are not able to resolve the situation after talking with the lender,contact the lender's federal regulator for assistance.To learn more about how to contact your bank's federal regulator,call the FDIC Consumer Assistance Line at: 1-877-ASK FDIC or visit www.fdic.Jov/consumer. Discussion Point #4-. Personal Guarantor The purpose of this question is to discuss to challenges of being a personal guarantor. What are the challenges of being a personal ,guarantor? ._.......�---.............. The New Small Business Owner As a new business owner,your personal credit is your foundation to build the business.Having the :< best credit possible may save significant time,money,and help launch your business.The advice of Benjamin Franklin in 1748 to a young tradesman is appropriate today:"Remember that credit is r money." P � t � Morey Smart for Small Business Page 15 of 19 Credit Reporting Participant GuWa ,FrAve Key Points to Remember 1. As a small business owner,your personal credit and handling of checking accounts and loans affects your ability to borrow for the business and your terms with vendors.Know what is on your personal credit report by ordering a free credit report through www.annualcreditreport.com(the only authorized source to receive your free credit report)and dispute any inaccurate information. Be sure to pay all bills on time and avoid overdrawing your personal checking account to help build a record of handling your personal accounts well and according to the terms you agreed to. 2. You can establish a credit history for your small business.To do so,start by applying for a tax ID number.Then, contact a business reporting agency.Potential creditors will review the credit history of the business.Build a positive record by paying all bills and other obligations on time. 3. The three key business reporting agencies are:Dun and Bradstreet,Experian Business,and Equifax Business. These agencies can provide a copy of your business credit report and provide other business support services. 4. If your business grants credit to customers,consider providing timely information to the credit agencies on how customers repay their debts.This action may help incentivize customers to pay on time.Consumers may also grant your business permission to pull their credit reports to help your business decide whether to extend credit to them.To do either,you work through a consumer reporting agency.There are many agencies,so shop around. 5. Be aware of and follow all laws relating to how you request,collect,retain,and report information on consumers, as well as the laws relating to how you handle billing disputes and collecting money owed to you to avoid costly fines or legal judgments. Handle information carefully. If you are reporting to a credit bureau or obtaining reports,be sure the agency you are using is reputable and can provide training to you and your employees. Homey Smart for Small 6usir. ss Page 16 of 19 Credit Reporting Participant Guide Post-Test Now that you've gone through the training,see what you've learned. 1. Which of the items listed below will not appear on a credit report?Select all that apply. a. Unpaid lawsuits b. Employment c. Tax liens d. Credit rating score e. Former alias 2. List the three key business reporting agencies: 1. 2. 3. 3. The Fair Credit Reporting Act sets forth legal requirements for your business in all aspects of the credit reporting process,from furnishing credit information to an agency to using credit reports ordered from an agency. c. True d. False 4. The Fair Credit Billing Act may require you to promptly process returns you accept from customers who had paid you using their credit card. c. True d. False 5. Obtaining information on a consumer under false pretenses may cause you to be: a. Fined b. Imprisoned for up to two years c. Both a.and b. M.oner Smart for Small Rusirisss Page 17 of 19 Credit Reporting Participant Cede For Further Information Federal Deposit Insurance Corporation(FDIC) www.fdic.Q,ov The FDIC preserves and promotes public confidence in the U.S.financial system by insuring deposits in banks and thrift institutions for a least$250,000;by identifying,monitoring,and addressing risks to the deposit insurance funds: and by limiting the effect on the economy and the financial system when a bank or thrift institution fails. The FDIC encourages bank lending to creditworthy small businesses.The FDIC also encourages small business owner that may have an inquiry or concern about the availability of credit to contact the FDIC Small Business Hotline at 1-855-FDIC-BIZ or www.fdic.gov/siiiallbusiness. Another FDIC web site is www.fdic.gov/buying/goods,which provides resources to assist small business owners to conduct business with the FDIC. U.S.Small Business Administration(SBA) ww,,v.sba.+goy(Find Tools and Learning Center sections) SBA Answer Desk: 1-800-827-5722 The SBA web site provides resources,answers to frequently asked questions,and other significant information for small business owners. U.S.Financial Literacy and Education Commission w,,w.mymoney.gov 1-888-My-Money(696-6639) MyMoney.gov is the one-stop federal government web site which provides financial education resources from more than 20 federal agencies. Morley Srnad for$Mail Business Page 18 of 19 Credit Reporting Participant Guidcw Evaluation Form Your feedback is important.Please fill out this evaluation of the Credit Reporting for Small Business training. Training Rating 1. Overall,I felt the module was(check one): []Excellent []Very Good []Good M L l Fair o d L]Poor c Please indicate the degree to which you agree by circling a number. _.._. _ ._ _ _... Ui7 2. I achieved the training objectives. 1 2 3 4 5 113. The instructions were clear and easy to follow. 1 2 3 4 5 _ 4. The PowerPoint slides were clear. 1 2 3 4 5 5. The PowerPoint slides enhanced my learning. 1 2 3 4 5 6. The time allocation was correct for this module. 1 2 3 4 5 7. The instructor was knowledgeable and well-prepared. 1 2 3 4 5 8. The participants had ample opportunity to exchange experiences and ideas. 1 2 3 4 5 Please indicate the degree of knowledge/skill by circling a number. None Advanced' 9�M knowledge/skill level of the subject matter before taking the training. 1 2 3 i 5 10. My knowledge/skill level of the subject matter upon completion of the training. 1 2 3 4 5 Instructor Rating 11. Instructor Name: w Please use the response scale to rate your instructor by circling a number. 0 O a) o K 12. Made the subject understandable. 1 2 3 4 5 CL 13.Encouraged questions. 1 2 3' 4 5 14.Provided technical knowledge. 2 3 4 5 15. What was the most useful part of the training? 16. 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Dates to Remember:June 22,July 23&August 7 _ ------------- May 29 Review of Chapter 3 Income Verifications- One-on-One CAP,[ED,BJ Chapters 1&2 Quiz they can meet with CAP as class is going on 'Wow Food Is Contaminated" "Food Some Illnesses" June 5 Review of Chapter I&2 Knife skills-Vegetables IED,RJ Chapter 4,Quiz Slice Dice Chop "Safe Methods of Preparing, Cooking&Serving Food" June 12 Review of Chapter 4 Knife skills-Vegetables IED,BJ Chapter 5,Quiz Slice Dice Chop "Receiving&Staring Food' Intro to Internship Opportunities 20 hrs required for graduation .......................... June 19 Review of Chapter 5,Quiz Use of Equipment: IED,BJ,Sherry Chapter 6 Food Processor,Emersion Blenders, "Cleaning&Sanitizing" Vitamix ......................... June 22 VIP Reception-will need servers IED,BJ,Sherry,PNC 5:30 PM at Secret Garden June 26 Review of Chapter 6,Quiz Knife Skills:Herbs&Garnish IED,BJ Chapter 7 "Controlling Pests" July 2-thru 6 Week for on-on-one for executive IED,BJ summary,menu costing,marketing strategy July 10 Review all chapters& Use of Equipment:Oven Reg vs convection IED,13.1,Sherry Resume Development Gas vs Elec,Ventilation,Induction Cooking Interview Skills July 17 TEST-I hr Carrot Cake-for Graduation Plans IED, BJ Interview Skills .......... July 24 Tuesday Graduation-6:30 Presentation of Resumes, Food Handler's IED,PNC,BJ,Sherry Combined Graduation Certification,&Certifiiae of rad,palion August 7 Job Fair-Benvenuto 2 PM to 6 Tony,IED,13.1,She" PM -------—-__-........... ............. "v[,,I Secret Garden,A Culinary Business Development Center,410 E.Boynton Keach�146.-,'Boyntc'in Beach,FL 33435 Culinary Food Prep Program Coordinator,BarbaraJayne DeGoyler.Sassy Palate L,LC,',at 561-212-9444 Executive Director,Sherry Johnson,CCC,at 561-386-4261 ——--------- PHILLIP SEAGER 2030 North Seacrest Blvd Boynton Beach FL-561-3063-0476 phillipseager02ftmall.com- ----------- Culinary School Graduate with a willingness to learn and grow as a Prep or Line Cook. I have many years of experience working around commercial kitchens with various different concepts. F"ERJENCE SEPTEMBER 2017—PRESENT CREW SUPERVISOR,TRISOURSE Supervised various work crews at Palm Beach County Convention Center,also worked in the Banquet Department at the West Palm Beach Airport Hilton and currently directing passengers at the Part of Palm Beach for Bahama Paradise Cruise Line JANUARY 1984—S T 1984 PANTRY AND PREP COOK, CHUCK MUER RESTAURANT IN PALM BEACH Prepared dishes from the cold line at a fast paced,high volume upscale restaurant in Palm each. Also did Prep Work when needed EDUCATION 2003 CE TIFF CULINARIA N, SHE IDA TECH Graduated with a 3.9 GPA.Studied Commercial Baking as well as learned how to operate all the kitchen equipment on the Hot Food Line. 2005 AS HOSPITALITY ADMINISTRATION, BROWARD COLLEGE Utilized my credits that transferred from Culinary Arts School to attain my Associate of Science Degree sialls * Exceptional Food Handling and Sanitation Skills a Able to read recipes and/or product * Ability to communicate with co-workers and directions and operate a variety of kitchen other departments with professionalism and utensils and elements for cooking,serving respect.Mature judgment and behaviorr, and storing a Ability to use a computer 0 Detail oriented and great multi-Masker si t2.•,, 17 j 3 y k ,39,. `at i��, f•,o�t LU zs a rti r.. , 21, �of s s' x d 9�- (t.'. d, s LL fiv "t � y f k t Pr fil !. r o' y tu75T in v -� Ln a y .po ®Vfcr. _ A 4 t > dO . j O Q L wool vy AR �y t— M u in cc qn Ln Uj Ot b OC PK4 C: clx ci Ic ang >+ ' Qcmtli Qj 0.2 4- R i AAON v 1— Y - •� ea �'': ..3��- rti3 _ O �� .W 3 5 sem' �Y' ppyy UL tn i yk 4 > a u _ aIV IM co 0 V fb s d �, < C: 0 IL S ::Toz `€s $ v y tn v Q' in Lwm cc CL ® C} u �- 17t 0 0 .d N .: u An i s m u LU U d �, cfr44 4- roe a to ul Ci ic IL 01 u IL p d3 o in '0 JAN CL ® ujIA- .. ¢ G en�paC^s it'.7!�'r.Ns.` 1<ffi ^.•C,^9"`� .uem'+a>.m:. 0 m a z Z LU a 04 C/ O 5r� F- z V . rn C6p v ACICk u O ; Ipo zzz z cd it Cf) 4:4 P m cs ! o ® 45 a 0 LU cd ©liOf v' C6} O C3 y atJ.lO 'QOM lo'=000 cd Ron @ � v P ©®o0 ®:0 Q It cd o®a®® o 050 CL. a aaQo go cl V a io-: �� z 2 v omo0 RIM cd Cf) ©0000)V00o�o xo © ooso�0000 � ® © oa0a ,, 0, 0,0 ��*,@* *a3&a ® @ f ►-00- COMPLETE BOTN ® 0 i ® ct�DVoQ�0®CJS-oo ®15- 000€ 0° 0 ® -®aotQaoSIDES OF THIS FORM o ®t�flCO® flQ� 4 1480 Q �7 �C7flfl Q'(DQV7oQU0-Q fla(J Q ® ® ® Q)*mQQ C3 iQ PHOTOCOPIES aTHIS FORM ARE NOT ACCEPTED 3 1 > : ! \ y «910 F \\\\ im \w' ^^ { .� . . # -A . � • 29YS22S2C�. . .. . . � a 3e R'a ag CI V7'—^o a Its U A kn cd A z y GO R �i �33 6 Q) lz a co Cf) m a 'aryy�Ad e P®1 "•Siler MIA using c Proishal Regulation AFE TAFF A PLWAH ENF, OME �t s'J ;;: r E 1 X FLORIDA RESTAURANT �Y 4 ti s t��° ...,, ...� . �....0 .0 . Covvivrir Wi-q Carivlo Ceviter TO "Pox 100 410 E. Doyvltotibeach 131W Poywtovl BeacVi, f L 33435 2D151161 6 vno Gravrh for$57,1x81 IwVoice#2 for}period October 1,2D1E5 thri4'Pec 31,2D1Sept-30,2015 Ivi the avmoamt of$27,737.12 r This request includes reimbursement for the following: $ 306.71 Alarm ADP ACH pymt $1,892.48 Salaries ADP pymt $1,730.77 Tony Miller $__161.71 Payroll Taxes T. Miller I $1,892.48 �I $11,750 Professional Fees $3,750 Sherry Johnson-Frew Executive Director checks attached,contract provided with Inv#1 58,000 International Enterprise Development, Entrepreneur Training Instructor 3 ADPymt and 1 check $11,750 $400 Licenses C DBPR-$312 ACH pymt DBPR-$196 ACH pymt j $125 Printing Office Depot$55.52,$39.58,$40.65 totaling$135.75 Reimbursed to Erika Fagan C#6804 for$423.61 Request for budget shift of$4,068.45 from Insurance to Rent $2,977.94 Philadelphia Insurance,liability insurance $2_,.977.94 $425.42 Ascendant Insurance for 7 months $2,977.94 7 months of ACH auto pymts $7,903.S1 Rent/Mortgage/Maintenance $4,258.28 Rent,Boynton Beach Property Holdings, LLC check#6784 $4,258.28 Rent,Boynton Beach Property Holdings. LLC check#6778 $8,516.56 less marketing over pymt of$96.69 from Inv#1&budget shift of $4,068.45 from Insurance $2,072.86 Utilities $2,072.86 Florida Power&Light:$802.39 $796.85&$473.62 of$888.09 ACHpmt j $308.62 Travel-Travel Tony Miller Reimbursements Check#6747 for$169.12&Check#6753 for$139.50 $27,737.12 $27,737.12 Please Remit Balance of Contract please find at1-ached: Jinvie 12 to Vec 31 p&,L.Statevnce Detail of irxpe4ditrnres related to CRA'Project Vud9&t JAN 15 2019 NOr(P for Qtr ehdivi9 Vee 31,2DIE5 Boynton Respectfully Submitted, Executive Director 561-386-4261 G O OD m 0 CL v \ cic e aW in Ol N et O O to m c ca d tC F� 00 O O to C c O ri W et et m atgfpara, •L L 1 Ca C � 9 v N M V4 a h O N O O c •O 00 C N h P O CD CD 0 e-t'.. M N O tD O O O '' O .t m o o rl� o N tn' T i d tri o N o to o Ln 0o Y 00 > Om0 N 00 M I O w 7 N Q m 14,M u Q O O O Oto O l0 00 Ln O CO r-I. to tT tD O as O (n H O cF M to NO N 0) CUD A6 O. 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O o •- �0' U a, f7D m' Oto n I c c c Quj 3 41 u v) co u w 4v ca " u! CL. w Ci y:. Q1. CL Ln B i c (/1 u c a� 00 W Y ul: (% VI Y c' 47 Ip cj6, C: bo E s 3 z a�S aci u vi c a p o L w m m Ln o Wp �, m �, c w ai 40 cC .„ E 0 al a � Zy L L L J lei ,. N c E C O 00 I— s a C) a1 47 's_ 00' r- c y_ U U Cc j f6 — Cl w I @' w cu c Ql, c O_ c — aI W i C V O O O C! ++ a OU N +L+ as, O O O fn LL. O — J U U w cc. I— O o U O O x^ o N m et fn fo "' fo n m of o N m u1 m n fa c, o N m an fo n o0 O o Co 0 0 0 0 0 ~ P, h t� n cq m fX1 c0 r%1 O fb t>a faQ ao rn of al ai fn fT Cl c7l al til .-I .--1 ,..I -4 a-1 .-I rf p Kathleen M Shafer Certified Public Accountant 1850 Forest Hill Blvd., Suite 204 West Palm Beach,FL 33406 TEL. 561-963-1003 FAX 877-811-0643 Member of Florida Institute of Certified Public Accountants February 19, 2019 Community Caring Center of Palm Beach County, Inc. 145 N.E. 4'h Avenue Boynton Beach, FL 33435-0339 Dear Sherry: Please allow this letter to serve as confirmation that I have reviewed the attached schedule of expenses related to the Secret Garden Cafe Culinary Incubator&Job Training Program, as funded by the Boynton Beach—CRA for the period June 12, 2018 through December 31, 2018. Since 1 , athleen M Shafer Certified Public Accountant Community Caring Center of Palm Beach County, Inc. Boynton Beach - CRA (Incubator Program) June 12 through December 31, 2018 Expense Alarm 306.71 Auto Expenses 920.22 Sank Service Charges 0,04 Contract Labor 1,050.00 Insurance 4,696.55 Late Fees&Penalties 0.00 Licences and Fees 400.00 Market Purchases 0.00 Marketing 0.00 Meetings 0.00 Merchant Fees 0.00 Office Supplies 135.79 Payroll Expenses 7,452.72 Pest Control 105.00 Postage 0.00 Printing&Reproduction 0.00 Professional Fees 23,500.00 Program Expense 2,096.69 Rent 11,999.01 Repair&Maintenance 0.00 Utilities 5,000.00 Total Expense 57,662.69 w s v a$ 0 R z" Gm O E . g a Im «01 8 r mm mm mm Im mm o t� IN alo loIN o mo lo NNN No I ol mo c m v v .a � o - y w m a , m m n ' 'm is v v` mm m m o m m _ m _ > r � � E q � 'm -� z > _ IV N � r N O � N _ 7 LL Q M U Q i d Tap ++ > N 3 E o i C E u o _ « lw zm m mk Q. c o o i i`o° u _ y G. mlo m e N _ 'z -E r O o C 4 E _ o r :m V +�+ m n C7 f6 ,S xm d i V (� Nn nU' nU' l7 l7 Z Z Z Z uoi;eaa:)gof/aaiH a;ea do-;ae;S a M m m a a a a a a snjejS 3 3 � s zo 3 E Z; 2E E vmi O i°n O ! ! ! ! ! ! ! _ _ RE RL RL RE RE RE RE � k 2 ! ! \ !i / � \ � © , oN, lo E lo k \ o ! � : - - / • u s m - " « ` / ; 0 ! ! a ! 41m 2 ; EA EA EA « d CL ® \ ] w ! ) L § ! EA CL ) 41 r j ; 2 ) � E v ! 62 \ } { ) § 2 ! ! ! ! ! RE { 10 ! ! \} \ 10 ml } } ( \ \ � � }\ \ / � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CRA PROJECTS IN PROGRESS AGENDAITEM: 10.E. SUBJECT: FY 2017 - 2018 Update for the Nonprofit Organization Grant Agreement with Habitat for Humanity of South Palm Beach County SUMMARY: On June 12, 2018, the CRA Board approved a grant in the amount of $40,000 to support the Habitat for Humanity International's (d/b/a Habitat for Humanity of South Palm Beach County's) (HFHSPBC) The Door to Sustainability Project. The HFHSPBC's project is aligned with the goals of the Nonprofit Organization Grant Program (NOGP) by providing the following over a period of 12 months: 1. Build Four new single-family units (one 2-unit villas at 123 and 127 NE 12th Avenue and one 2- unit villa at 1118-A and 1118-B NE 2nd Street); 2. Maintain six existing affordable housing units within the CRA area; 3. Conduct home ownership and homebuilding/home maintenance education workshops, and leveraging volunteers and public/private/nonprofit donations (see Attachment 1). Under the terms of the agreement, HFHSPBC is required to provide a quarterly report summarizing the deliverables of the agreement. Attachment I I is a copy of the report for the period of June 12 - September 30, 2018 and October 1 - December 31, 2018. After reviewing the documents, the HFHSPBC is in compliance with all required deliverables (Attachment III - CRA Verification of HFHSPBC 1st and 2nd Quarterly Reports). FISCAL IMPACT: FY2017-2018 Budget, Project Fund 02-58500-470, $40,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action is required by the CRA Board at this time unless otherwise determined. ATTACHMENTS: Description D Attachment I - HFHSPBC FY 2017-2018 NOGP (Spring) Executed Grant Agreement D Attachment II - HFHSPBC FY 2017-2018 NOGP (Spring) 1st and 2nd Quarterly Reports D Attachment III -CRA Review of HFHSPBC FY 2017-18 NOGP (Spring) 1st and 2nd Quarter Reports AGREEMENT TO FUND THE DOOR TO SUSTAINABILITY PROJ CT OF HABITAT FOR HUMANITY INTERNATIONAL ( / /a HABITAT FOR HUMANITYF SOUTH PAL EACH COUNTY} This Agreement for the funding of the construction and maintenance of affordable housing units ("Agreement") is entered into by and between the: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ("CRA"), a public agency created pursuant to Chapter 163, Part III, Florida Statutes, with a business address of 710 North Federal Highway, Boynton Beach, Florida 33435; and the HABITAT FOR HUMANITY INTERNATIONAL (d/b/a HABITAT FOR HUMANITY OF SOUTH PALM BEACH COUNTY) ("HFHSPBC"), a Florida Not-For-Profit Corporation, with a business address of 181 SE 5th Avenue Delray Beach, FL 33483. RECITAL WHEREAS, the CRA recognizes that increasing and maintaining affordable housing opportunities within the Boynton Beach Community Redevelopment Area ("CRA Area") is essential to effectuating the 2016 Boynton Beach Community Redevelopment Plan ("CRA Plan"); and WHEREAS, the CRA Board finds that the services and programs provided by the HFHSPBC further the goals and objectives of the CRA as contained in the CRA Plan, and are in the best interest of the CRA; and WHEREAS, the CRA will provide funding to the HFHSPBC, pursuant to the terms and conditions of this Agreement, in order to assist the HFHSPBC with activities that address the goals and objectives contained in the CRA Plan, and the needs and priorities defined by the CRA in the CRA's Nonprofit Organization Grant Program (NOGP); and WHEREAS, HFHSPBC applied for and was awarded a grant under the NOGP in accordance with the procedures specified in the NOGP; and WHEREAS, the CRA finds that this Agreement serves a municipal and public purpose, is in furtherance of the CRA Plan, and conforms with the requirements of Florida law; and WHEREAS, The Door to Sustainability Project meet the CRA's objective of providing new and maintaining existing affordable housing within the CRA Area per Chapter 163, Part III, Florida Statutes and with further the objectives of the CRA Plan; and WHEREAS, the CRA Board approved the Fiscal Year 2017-2018 budget at the September 19, 2017 meeting, which included funding the Nonprofit Organization Grant Program (NOGP), and on March 8, 2018, the CRA Board authorized funding within the NOGP budget line item for the Affordable and Workforce Housing category of the NOGP to support eligible nonprofit organizations with projects and programs that will create and/or maintain affordable and workforce housing opportunities in the CRA Area and further the CRA Plan; 00993742-1 Page 2oflQ NOW THEREFORE in consideration of the mutual pronniaeS, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree osfollows: Section . . The foregoing recitals and all other information above are true and correct at the time of the execution of this Agreement and are hereby incorporated herein as if fully set forth. Section . Effective Date. This Agreement shall be effective on the date the last party to sign executes this Agreement /''Effechve [}ate^\. Section 3. Goals of the HFHSPBC The Door to Sustainabilitv Proiect Funded by the CRA. The g08| of the NOGP is to provide City reSidSnk;, especially those located in the CRA Area, with affordable and workforce housing opportunities in furtherance of the CRA Plan, as it may exist from time to time. HFHSPBC will assist with this effort through the construction of new affordable housing unite and maintenance of existing affordable housing units. This Agreement shall be interpreted to further these goals and the CRA Plan. Section 4. Reguirements A. Scope of Work. HFHSPBC will construct four (4) new affordable housing unite (located at 123 fk 127 NE 12th Avenue, Boynton Beach, FL 33435and Villas A & B at NE 11[h Avenue and NE 2nd Stneet, Boynton Beach, FL 33435), complete six (8) Neighborhood Revitalization projects in the Heart of Boynton Beach /identified in the CRA Plan), and conduct life oki||o and/or homeownership and maintenance workshop or training within the t8mn of this Agreement. Co||ootive|y, these will be referred to as The Door to Sustainability Project (the "Project"). B. The parties agree that existing and prospective residents within the City of Boynton Beach shall beeligible for all aspects ofthe Project. C. Results and Deliverables. HFHGPBC vvi||: 1. Provide a report (Quarterly Report) to the CRA according to the schedule in Section 4.[} of this Agreement. Failure to submit a Quarterly Report constitutes an event ofdefault pursuant tothis Agreement and nandona HFHSPBC ineligible to receive funding pursuant to this Agreement unless or until such default is cured in accordance with Section 13.K of this Agreement. The CRA will not process requests for reimbursement until the default is cured. The Quarterly Report must contain on update on each item listed in this Paragraph 4.0 (Results and Deliverables). 2. Implement the Outputs and Outcomes as identified in the HFHSPBC'o NOGP Project/Program Model and Funding Evaluation Plan (attached hereto as Exhibit "A" and hereby incorporated herein) by June 30. 2019. With each Quarterly Report. HFHSPBC will provide evidence to the CRA ofthe delivery of new affordable housing units or improved properties by submitting at nnininnum, copies of all issued building perrnits, copies of all closed building pernnits, and before and after photographs of each of the improvements for which HFH8PBC seeks reimbursement. For each project or undertakinQ that is required by law orordinance ho obtain a Certification of Occupancy ora Certificate of Completion in order to be occupied, each Quarterly Report must also contain copies of all Certifications of Occupancy and/or a Certificates of Completion. The CRA will not make final payment to HFH8PBC for reimbursement ofexpenditures related to the construction of new affordable housing units unless or until copies of Certificates of Occupancy Page Jofl8 and/or a Certificates of Completion have been provided to the CRA for each new unit. Copies of the Certifications of Occupancy and/or a Certifications of Completion must be submitted nolater than July 1. 2019 in order for HFHSPBC to narnoin eligible for reimbursement of those expenses. 3. Conduct quarterly life Sk||(s and/or home ownership and rnoinhen8nm* workshops/training. HFHSPBCvvi|| submit with each Quarterly Report copies of sign-in sheets from the workshops ortrainings. The sign-in sheets must include the following information: o. Nanne, h/pe, and description of each workshop or training, including the date. location and time ofeach workshop ortraining. b, Name, address, telephone number, email address ofpartioipant(s). 4. Create a ournu|edve list ("Client List") of Project participants and beneficiaries (^o|ienis'') and provide proof of residency for all clients as of June 1, 2018. Acceptable forms of proof of residency include driver's |ioensns, utilities bi||, and other f0nne of proof the CRA doennm acceptable. The Client List must indicate whether each client is existing or new and if any Project client on a previous report or Client List has dropped out ofThe Door to Sustainability Project. After the first Quarterly Report. HFHSPBC shall be required to submit proof of residency documents only for new Project dienta. 5. Mahe active efforts to ensure that the Project clients reside in or intend to live within the CFA Area, and provide written or marketing materials used to meet this goal. HFH8PBC will provide anupdate onprogress towards this goal ineach Quarterly Report. 6. Obtain and provide to the CRA data on the residents of the Project, which shall include but not limited to residents' nonoe, oddroeo, phone number, ernei| addreoa, household income, household size. occupation, 8g8, gender, and r8Cg of Project di8ntS, and other summary data related t0affordable housing impact in the CRA area. 7. Provide financial statements for the Project. HFHSPBC will hins, at its own expense, an independent Certified Public Accountant to provide the CRA with o review of the most recent Financial Statement Review for the Project. The review must be Submitted to the CRA as soon as completed and prior to any additional funding consideration by the CFA. Failure to submit the review constitutes an event of default pursuant to this Agreement and renders HFH8PBC ineligible to receive funding pursuant to this Agreement unless or until such default in cured in accordance with section 13.K. ofthis Agreement. Quarterly financial statements are due unthe schedule outlined in Section 4.D of this Agreement. This paragraph shall not be n*ed to require financial statements from all Project clients. 8. Undertake Project marketing outreach activities to recruit participants who are new orexisting residents. Marketing efforts will be towards persons who are existing or prospective residents of the City of Boynton B8ach, with an enhanced effort to reach existing or prospective residents in the CRA Area. Recruitment of participants for the Project will be from word of mouth' direct rnorkeVng, publicity noai|ingo, onnai|, press releases, attendance atlocal business and housing 8vente, and referrals by the |000| Boynton Beach community organizations. HFH8PBC 0h@|| provide copies 0fmarketing materials with each Quarterly Report. D. Reportinq and Reimbursement Requests. HFHSPBC shall provide to the CFA Quarterly Reports and requests for reimbursement according to the following schedule: Page 4of |0 For the period of June 12— September 3O. 2O18: due hoCRA byOctober 1. 2018 October 1 — December 31. 2018: due toCRA byJanuary 15. 2O19 January 1 — March 31. 2019: due toCRA byApril 1. 2D19 April 1 — June 3D. 2O1Q: due toCRA byJuly 1. 201S Section . Compensation. The CRA shall pay HFHSPBC atotal of $4O.0OOfor HFH8PBC'm performance of its obligations under this Agreement. HFHGPBC will be paid quarterly in an amount of $1O.00Oper quarter upon formal written request byHFHSPBC. Payment iecontingent upon receipt by the CRA of all Results and Deliverables listed in Section 4. Time is of the eesenne, and in order to receive cornpensation. HFH8PBC must make requests for compensation in accordance with the schedule found in Section 4.[} of this Agreement. The CF0\ shall pay within thirty (30) days receipt of all required reports, revievv8, and requests. Deadlines for reports must be strictly adhered to in order to beeligible for reimbursement bythe CRA. All payments ehe|| be in the form of CRA check made payable to HFHSPBC. No payment mod* under this Agreement shall be conclusive evidence of the performance of this Agreement by HFH8PBC, either wholly or in p8rt, and no payment shall be construed to be an acceptance oforto relieve HFH8PBCofany liability under this Agreement. Section . No Partnership. HFHSPBC agrees that nothing contained inthis Agreement shall be deemed orconstrued aScreating apartnership, jointventure, oremployee relationship. |tiSspecifically understood that no employer/employee or principal/agent is or shall be created nor shall exist by reason of this Agreement or HFHGPBC'a performance under this Agreement. If this Agreement is deemed to empower HFH8PBC to work on behalf nfthe CRA. HFH8PBC shall be considered to be on independent contractor. Section 7. Termination. This Agreement will automatically terminate after the CRA has made the leaf payment to HFHSPBC as requested by HFHSPBC pursuant to the schedule in Section 4.O of this Agreement. This Agreement may be terminated earlier for any reeeon, or no reason, by the CRA upon thirty (30) days written notice of termination to HFHSPBC. Section . . HFHSPBC| agrees that no person nho||, on the grounds ofrace, Co|or, anoestry, disability, national Origin. religion, @Qe, familial or marital cta1um, sex or sexual orientation, be excluded from the benefits of, or be subjected to discrimination under any activity carried on by HFH8PBC, its subcontractors, or agents, in the performance of this AonSernenL In the event that the CRA is made @vv@pe that such discrimination has occurred in breach of this Aoreennen(, it shall provide notice to HFHSPBC. Upon receipt of such notiom. HFHSPBC ehe|| have 15 days to provide evidence that it has cured the breech. The CRA will evaluate the evidence provided and deterrnine, in its sole discretion, ifthe breach has been adequately cured, and if the CRA determines the breach has not been cured. the CRA shall have the right to immediately terminate this Agreement shall not be liable for any further payments to HFH8PBC pursuant tQthis Agreement. This Section shall not he construed so as to alter any other provisions of this Agreement concerning termination except as specifically stated in this Section. Section . Convicted Vendor List. As provided in Sections 287.132 - 287.133. Florida Statutes, by entering into this Agreement orperforming any work in furtherance heoenf. HFHSPBC certifies that it, and its affi|ieteo, oontraotora, subcontractors oragents who will perform henaunder, have not been placed on the Convicted Vendor List maintained by the State of Florida Department of Management Services within thirty-six (38) months immediately preceding the date of this Agreement. Page 5ofl0 Section 10. Indemnification. HFH8PBC shall indemnify, defend, save, and hold harmless the CRA, its elected officers, its Ggents, and its ennp|Oyeen, from any and all dairDe. dennande. SuitS, oOmtS. damages, |oseaa. |iabi|iUea, and expenses, sustained by any person whomsoever, which damage is direct, indirect orconsequential, arising out of, or alleged to have arisen out of, or in consequence of the services furnished bvoroperations of HFHSPBC or its eubonntr8utona, uQents, offioerS, employees or independent contractors pursuant to the Agreement, specifically including, but not limited to, those caused byorarising out 0fany intentional aC1, omission, negligence Ordefault ofHFH8PBC and/or its subcontractors, agents, servants or employees in the provision of services under this Agreement. Nothing in this Agreement shall be deemed to affect the ri0hte, privi|eges, and sovereign immunities of the CRA as set forth in Section 708.28, Florida Statutes. Section . Notice. Whenever either party desires to give notice to the other party as required under this Agreement, it must be given by written notice to the n8rna/s\ and address(es) specified in this Seotion, and must be sent by (|) hand delivery with a signed receipt; (i|) by a recognized national courier service; or (iii) by Certified United States Mui|, with return receipt requested. Any party may change the person or address to whom notice must he directed by providing written notice to the other parties. Notices must be sent to: |ftothe CRA: Boynton Beach Community Redevelopment Agency Attn.: Michael Simon, Interim Executive Director 710North Federal Highway Boynton Beaoh, Florida 33435 With copy to: Tary [)uhy. Esquire Lewis, Longman 8Walker, P.A. 515 North F|Gg|erDrive. Suite 1500 West Palm Beaoh, Florida 33401 |ftoHFHSPBC: Randy Nobles Habitat for Humanity International (d/b/a HFHSPBC) 181SE5th Avenue Delray Beach, FL33483 Every notice shall be effective on the date actually reoeived, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. Section 12. Waiver of Claims. The CRA shall not be responsible for any property damages or personal injury sustained by HFH8PBC from any cause whatsoever related to HFHSPBC'g performance under this Aoneennent, whether such damage orinjury occurs befona, durinQ, orafter the term of this Agreement. HFHSPBC hereby forever waives, disohar0em, and ng|e3Sea the CRA, its agoOtS, and its emp|oyeea, to the fullest extent the |evv e||owo, from any liability for any dernoAa or injury sustained by HFHSPBC. This waiver, discharge, and release specifically include negligence bythe CRA, its agents, orits employees, tmthe fullest extent the law allows. Section . General Provisions. A. The CRA and HFH8PBC agree that this Agreement sets forth the entire and eQ|e /\ong8nlent between the parties concerning the subject matter expressed herein and that there are no promises or understandings other than those stated herein. None of the provisions, terms and conditions contained in the Agreement may be added to, modified, superseded,or Page 6nf|8 otherwise altened, except by written instrument executed by the parties hereto. All prior and contemporaneous agneenlenta, understandinge, oonnnnunicatione, conditions or representations, of any kind or netume, oral or written, concerning the subject matter expressed henain, are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the barnns of this Agreement, B. Survival. The provisions of this Agreement regarding terrnin5dion, defeult, and indemnification shall survive termination or expiration of this Agreement and shall remain in full force and effect. C. Severability. If any provision of this Agreement or application thereof to any person or situation she||, to any extent, be held invalid or unenforceable, the remainder of this Aureennent, and the application of such provisions to persons or situations other than those as to which it shall have been held invalid or unenforceable Sh2{| not be affected thereby. and Sh8U continue in full force and 8ffe[J' and be enforced tothe fullest extent permitted by law. D. Headings., The Headings herein are for convenience of reference only and Sh3|1 not be considered inany interpretation ofthis Agreement. E. The terms and provisions of this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida and the United States of Annerioa, without regard to conflict of |8vv principles. Venue and jurisdiction shall be Palm Beach County, Florida, for all purposes, to which the Parties expressly agree and submit. F. Inde endent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, and each Party is advised to seek independent legal advice in connection with the matters referenced herein, G. Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion, waive any requirement ofHFHSPBC contained inthis Agreement. H. No Transfer. HFHSPBC shall not suboontract, assign orotherwise transfer this Agreement to any individual, group, agenoy, gnvornnoent, non-profit or for-profit Corporedon, or any other entity, without the prior, written consent ofthe CRA. |. Binding Authority. Each party hereby represents and warrants tothe other that each person executing this Agreement on behalf ofthe CRA and HFHGPBC /or in any representative capacity) as app|inab|e, has full right and lawful authority tnexecute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. J. Public Records. The CRA is o public agency subject to Chapter 119, Florida Statutes. To the extent required by law, HFH8P8C shall comply with Florida's Public Records Law. Specifically, HFHSPBC shall: 1� Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the services referenced herein;, 2. Upon request from the CRA's custodian of public rouords, provide the CRA with G copy of the requested records nrallow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Gtatut*a, or aaotherwise provided bylaw. 3. Ensure that public records that are exempt orconfidential and exempt from public records Page 7of |K die[JOSuna requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if HFHGPBC does not transfer the records tOthe CRA. 4. Upon completion Of the contract, transfer, at no coat' to the CRA all public records in possession ofHFHSPBC or keep and maintain public records required by the CRA to perform the service. |fHFH8PBC transfers all public records tOthe CRA upon completion of the contract, HFHSPBC shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If HFH8PBC keeps and maintains public records upon completion of the contract, HFHSPBC nhe|| meet all applicable requirements for retaining public records. All records 3tOnod electronically must be provided to the CRA, upon request from the CRA's custodian of public neoonda, in a format that is compatible with the information technology systems of the CRA. IF HFHSPBC HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO HFHSPBC'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THUS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561)737-3256^ 710 North Federal Highway, Boynton Beach, Florida 33435; or ~ K. Default. The failure Of HFH8PBC to comply with the provisions met forth in this Agreement shall constitute a Default and Breach of this Agreement. K HFHSPBC fails to Cure the default within seven (7) days' notice from the CRA, the CFA may terminate the Agreement and shall not be liable for any further payments to HFH8PBC pursuant tothis Agreement; however, the CRA may elect, in its sole discretion, to fully or partially compensate HFH8pBC for HFH8PBC's partial performance under this Agreement. L. Counterparts and Transmission. To facilitate execution, this Agreement may beexecuted inoa many counterparts as may be convenient or required, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The executed signature page(s) fronn each original may bajoined together and attached hoone such original and itshall constitute one and the same instrument. In additi8n, said counterparts may be transmitted electronically /i.e., via fooninni|e or pdfforrnai document sent vie electronic rnoi|>, which transmitted document shall be deemed on original document for all purposes hereunder. M. Lkgreement Deemed to be Drafted 42LMIX. This Agreement shall be deemed to be drafted jointly and shall not be construed more or ieaa favorably towards any of the parties by virtue of the tsc1 that one party or its attorney drafted all or any part thereof. Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose ofthis Agreement. N. Compliance with Laws. In its performance of this Aoreennent. HFH8PBC shall comply in all material respects with all applicable federal and state laws and nagu|aUOno and all applicable Palm Beach County, City ofBoynton Beach, and CRA ordinances and regulations. Page 8 of 18 IN WITNESS WHEREOF, the parties hereto have entered this Agreement on the day and year written below. BOYNTON BEACH COMMUNITY REDEVELOP EN A t By: (WhName: Print Name: Steven B. Grant, Chair PriDate: Pri HABITAT FOR HUMANITY INTERNATIONAL (d/b/a HABITAT FOR HUMANITY OF SOUTH PALM BEACH COUNTY Ra ytobles, President & CEO Print Name: Date: e h?51')-01 (Witne Print Name: p 00993742-1 Page 9 of 18 EXHIBIT "A" Y T E 2 0 6 1,— .7 ic -0 m x t -E G cm E t P 8 St 'C V E 5 E m E —iL JU LJ M it bb "W —E. too 5kw q, > 0 5 x 2 75 s r riF PE E• i q, P fu e4 Ew E ft E E k ri It C p ci ci> E c It, M E s E 21 ct M. 00993742-1 Page 10 of 18 � c E -c- 3 .6, z E 2 E x uti �E E r 7 77 r6 -k x A u r'l rl rl rl < Z U, 14 rl �14 4t E =rl .2 E m Z' z CL Z K, E m E I't 0093742-1 Page 11 of 18 w Z z -.S pt tkl t YP C "Tl t 1, 1 -f- = K— , CL E m qz c C tn C W, .......... Cl. F Sm, J tn r, r F F A' M ti 't n u r; tc X CL IE L: 0 m f1c A C_ 00993742-1 Page 12 of 18 g -g mm "C � 'S .;E- LA lb t, t. E 5 2 � 747 L! k p— L Thb rL > 2 00-93742-1 Page 13 of 18 Funding Evaluation Plan Boynton Beach OWMFAtitm - The Boyntm Bewh CRA is a public agency and is governed by ffie Morida Public under Fkaida te Statutes,Chapter 119.Any domments provided by the As)may be subject upon recelpt of a public recor& providedexemptlaus by Floxida Law. "MMION OF AN APPLICATION IS NOT A GUkRANTEE OF FUNDING It is the t applicant to READ aspects of the Grant Program's Rula#Requirementg and.AppR NOTICE TO TIMM PARIM:Ilie grant application program does not meate any rights for any pardes,including parties that perfortned work on the prcqea Nor dwn issuance Of a grant result in any b' of the CRA to any third party.The CRA is not required to_. t entitiest have wnftacWd with the applicant have been paid In JEWL or that such entities have paid any subcontractors in fia Applicm6 warranty that all bMs related to the Profect for which the applicant is direekly responsible is suffident asurance for the CRA to award grant le py cuprogmm o piel below1 n the PrvAy 9 Activity 01 Build kwo vMw In the Heart sustainabilityHFMPSC-The Dow to 127 NE 120Ave and Me A&B at NK 11*Ave and NE 2ad Strft4) OMPUTS 1 Measrtmble Indicators Evaluation Process-outpute, Who,T Is. VOW rWW hom"Wal be creaw WhD:HM%TC City of Boynton Beach 1b. Fwu new bx payers will be auted Toole:Tax Rolm Property Appraiser Website, By June ,2019 OMMMES/Measurable ' h s-Gattomem Whu,T0014%Iwn I m DecremmA need for aftiarlaMe hwAalng Mot.HRWBC,city of"ton Beactt, lb Reduted P lata,alum oonditions and blightproperty Appraiser Welosite, 3 e. lr=wmed Fropexty valuess, I& llighw hu base for dty t "By June 30,2019 wrottaut3 ow,MM nult DAC,PW I of 6 00493742-1 Page 14 of 18 �. 2 el b Neighborhood Revitalintion pwjocts it dw HMSMC- of OL177UTS! E _Mt T 2a.Six hamm or caumunity&qseW wlH be repairgdSty of -aim pmperdes bmmght up to mde In order to ToaW Tax Wes,Prop"Appraiser W"br 7c. br to home r 19 r When.By June r 0MCOME S{Mewumble 2& Innewe In ode decent hwal" Who,HMWSC,City of B"n Beach .Older nekeiwhoo&at reubwed with homes Tools.[Tools.rebalte, repairedWMnS been 2r-hvmawd property v key%vis*of Boynton Seacih F with Door with our&muw SusUhwbMty pwtwesit f Amedes and Coniftica Bank Menurable IndkMon T ,When 1' OC,pffltwr Fandum Pkwcial 1 f AmerkA CAmerica Bank PNC E T GivaEffedP Wisem B Ime 30,2019 Pwidenbe krowiedgge .t Redden" of their of Arnerick Com C oommunity and fW 3c.tromeW ewrw7Wc activity. 3b,Diveroffied kwA eccawmy 2019 p �J v'ty#�laid @ani h w3 h topics ae The HTHSYBC Sustainability with tt Eve s®Outputo %%%Tools,Man Who:H s ll ) 001)93742-1 Page 15 of 18 Took Han"MAMbMarwe workdwp A GNeWlectDatadbase -Wheh aj , 7 OUTCOWS 1 MeasunbleTools, .... ) 4h of dwir l rwe In . the ,s By June 30, economic4c.kmvwe;d activity tre the CRA Arm 4b.Diversified kxzI acmvmy in the CRA d 'RO is a Activ*#5.-Cocapitte am neighborhood degoup HFIWBC-The Door to OUTNITS 1 MeamnabIle Indicahmo,j' bught Took V will be OUTCOhM/NeourobleIndicatonTool%When (c 19USMr,Parknw Families i Sb.Increased pwperty valuesd -By June 30,2M9 FSc.Slum cmd1tiow d bH&will key arm of FFI— PROGRAMIPROJKT: t and Wilive volunteersbughusum,fmft conViste build days,repair Suabdmbility projects or neighborhoi5d,cimnup aOuvada Who,T0014 When" 6L M VQIWIWW Will to In HAMWP buU4 rww homes or repak iwdsft homes or OWnizittiom, , community T . t Tools 5 cmApardw WM pwWpate in Tsom BuRd days (MW media,WMMWdty emerds, ) of dc,5 wpM=fi=wID participate in repair pm**s Whew By Ime 30,2019 om*9nift to the well-bek%of it community 6d. will PMfidpate In a nslObwhood tO of thdr 00993742-1 Page 16 of 18 OUTCUMM 1 Meaurable hAtaton, 4 Evaluation8 tlu T,,I,, v. , 6a.HMSM will fund raise$10ADO for future Who.HFHSPBC Bsa C c prokt-ts through Team Build ties. tPy 6b.The ty_will become more aware of "peals:GivEffed Database,Reanxitownt'f the needfor ado,decent affcTdablehousing asevents,website) they Participate in Habitat Older rwAghborhooda are restored when older ;By June 30,2019 homes have been repaired 6d.Increased propertyvalurA neighboffiood .Sturn and blight will be removed frum areas of Baynban Beach N f. Describe tnput,if any,tor e1 it is from outade ,s , ,climis,or other . for the affiliate asa our staff We . t fmn ys ereceive t p° vohmtem whrprove our processes, _ t education caxxkiduxr� d to to iii parts of our program as necessary,We benefit from the experience of Habitat Intesmfional,and vate and oorporate rs,and community partners to put oux plmq into actim Does the orpnizatim aVV in o if so, desalbe briefly HYMSP8C reports mmthly to our board an the aff1haWs acconqAishmaYao bouw construction,repaus,fundraning,mortVgea,farnflks mved,v Tem Bttilds, ty event& We also report to MAW for Humanityquarterly on the same , To salisfy the needs of nux Amders and dw communIty at hap that supporW our work we provide annual reporta of r progress agamat the goals we have set We routinely measure parb=fimdy and vAmbaer satisketim through survey lsm Outcomes of the surveys an used to make alterations in=program 2 WUl any additiorad cost be incurred to implentent this Bir 1 o If f and amourwhL Ourcutrent budget includes the cost of our database and its opmadon to deliverables.We also am currently budgeted far an outside consulting sourre as needed to desip and complete more . o if appDrable,have additional costs been mdudedin the project/program budge? be mpormible for coordinating the evabantion process and preparh% yt 00993742-I Page 17 of 18 . dut tetournau,Director,Grants& tip 5. How will evaluationr t? HFHSMC will utilize ev"five to Measure our progress tom t l � yet lNe changesmikke needed . Will evaluation dAtalleports be shared with organization staM Yes 7, VVIII D rs? yes 8, 11w Boynton Oea6 CRA requireo that evabisdon data relative to CRA suppwi be reported quarterly and t tht end of the year. Wilt the dahVreports be shared with oil=funden? MISMC rouftdy sham outrawses resuIts of our prqocts with our board, the fimder* our d the public. Analyzing eukxvus ensures that the primary goals of am "projects an met and we use what we have loomed to expand our capecity to utake a positive Inqmd in our service am, 9. Wi wi ? Chu organizational otak"dem Include our staff,baa4 voluntma6 corporate the comraunity-at large. HFHSPBC sham family oukvnwk conmunity project and partnership outoamn with the al public via social opportunities tnediL We further gum fivaugh reporting tools am ofunders and ty partners,Ckff goW in to keep safe,dwent,affordablet the foreftvmt unta we live In a world whexe everyone has a decemt place to Him S the undenaped a sy,cutify that all informationpresented to this applicaidm and&H of the hdormadon hxmished in support of the application,is given for the purposeof obtaining a grant under the Boynton Community Redevelopamyt Ageney Nonprofit Organization Qwt Prognan,and it L% true and c=plewto the best of my latowledge and bellef. I further certffy thatI am aware,cif the fact that I can be peru&zed t for ntaldn$ falae stabmwmts or presenting false kdarmadem I hudw acknowledge thatI have read sord understaxw the terms and cmiditions act forth and described in the Boynton Beach Community Redeveloptnprd Agency t Crganization Grant PWV=RukS and kafuhrments, I understand Owt d-ds application is not a guarantee of grant assistance,mid that award of Vants is at the sole ducretim of the Community Redevelopment Agency Board. I understand that the purpose of the gnmt is to finther the Boynton Bea& Ccuuminity Redevelopment PlarL and that the 'Boynton Beach Corrununity Redevelopamt Agoncy may decline my applioation Inchwing the reasonthat granting the award will not fardw the Conununity Redevelopment?WL Should 00493742-1 Page 18 of 18 y applicatkat be approved,l undemland thAt the CRA may,atits sole d ate subsidy paymertts at if le d it it _ Impr meets the program CdWila Or is no longer in fintherance of the Boynton Beach Community Redevelopment Plan. T hereby waive my rights under the privacy and confidentiality provialort act,and gtvemy consent to the Boynton Beach o t Agency, its Agents and contractors to examine any confidential infimmmflon given herein,l further grant d audiorize any bank,enTloyers otiter public or private agency todisclose Information_ pry to complete"applicati I give permission to the Boynton Beadi Cmunuxdtyl tt Agency or its agents tax take p6otcs of myseli and businem to be used to pwmate SirahwolOW"Cafg dMoval#&a commitowd to this FVdudhOn Plan fixd the P?Vjed1Pwgnm Modd an Which it# a 4 - l five a toBandy N-Qblffl -- Pitnted NameMk Printed Name Model 00993742-I Through the generosity of the Boynton Beach CRA grant Habitat for Humanity of South Palm Beach County (HFHSPBC) has been able to extend the reach of our mission in the Heart of Boynton. We are focusing on three key activities: New Home Construction, Home Repair Projects on existing homes and Education (Financial and Home Maintenance)for all homeowners and residents. 1. New Construction—HFHSPBC has begun construction on a villa located at 1118 NE 2"d Street that will become new homes for two families in early 2019. Attached is the construction invoice and payment($24,150) for the block work for these two new homes. Prior to construction we have completed design, permitting, and lot preparation. We will be working with volunteers and homeowners alike over the next four to six months to complete these homes for the St Germain and Guifarro families. 2. Home Repair projects—While new construction is the core of Habitat's mission, home repair that continues to lift the whole neighborhood where we work expands our mission and befits the neighborhood as a whole. Restoring pride in a neighborhood and protecting property values happen when we work with families to repair their homes, protect their safety and keep them healthy. The first project was completed at 210 NW 7th Avenue. Utilizing volunteers, HFHSPBC powerwashed, primed and painted this home. Many of our projects allow seniors to stay in their homes as they age as in the case of the Gass/Hoggins project completed in August 2018 at 513 NW 9th Avenue. These projects are completed using HFHSPBC staff, outsourced contractors and volunteer groups. 3. Education—Habitat knows that for homeowners to be successful they must grow in their understanding of finance and home repairs. They need to protect the asset that has the ability to increase their family sustainability for generations to come. As a part of this grant we are partnering with Lowes on HomeWorks Workshops that teach residents about home maintenance. These workshops are open to all HFHSPBC home owners, repair project families and local residents. The first workshop was held July 13, 2018 and focused on hurricane preparedness. Below are the scheduled workshop as a part of the partnership with Lowes: • November 15 —Basic INTERIOR Home Maintenance Tips • January 24, 2019: BASIC EXTERIOR HOME MAINTENANCE • April 11, 2019: TBD The second part of the education is financial literacy. We will partner with local banks, insurance agencies and other resources as needed to teach vital concepts. Again the workshops will be open to all of our partner families (both new construction and repair) as well as the community overall. Below are the scheduled workshops as a part of our financial literacy program: • October 24- Understanding YOUR Homeowner's Insurance POLICY • December 13- Budgeting and Saving (How to manage debt and savings) • March 7, 2019-Investing in a retirement account outside of your employer • May 9, 2019-When to claim social security HFHSPBC is very excited to have opened our homeownership application process this past summer for the first time in several years. Our pipeline of families working towards their home has been assigned to lots that we will be starting over the next six to nine months so we must start to work with the next group of families. We began advertising about opening the program in June 2018 through our website and other community partners. We also notified 1000+families who had inquired about our program since the last time applications were accepted. We started accepting reservations for the 250 spots open for the workshops about applying for our program on Monday, August 20m and filled all of the spots by 3:00 pm that afternoon. So far we have had 70 of these families (the majority are current residents of Boynton Beach) complete the initial qualification packet to apply for the program and if accepted begin their j ourney to home ownership for the next seven lots we will assign. The numbers of families showing interest and applying for the program shows how great the need for affordable housing is in Boynton Beach and the surrounding area of South Palm Beach County. We are excited to continue our work in Boynton Beach through this grant and other financial resources of events like our upcoming CEO Build. For the first quarter of this grant we are submitting the hard costs on the villas of$24,150 for the block work. Attached are the invoices and payment records. We have also attached some photos of some of the other work done through this grant period. HFHSPBC families ready to break ground on their new villas at 1118 NE 2nd Street! Also pictured are staff members Ceci Rivas-Gonzalez—Homeowner Services Director and Craig Ulmer—Volunteer En a ement Coordinator. ttt It � 1 d Wt s � 7 � i��Ct�t�tSar�a°"}k" v=ii" ��3ii e�`'�htt�t.r a��} "�- a �'�� n �l�i}��{ `° ,• f 'r mac•a��,�. _,r.�?;: Ate; t W,tw �., >�. .�.� d;t °e,•. '' - ., vr s .1,.P e t�°=¢�. Some key staff members and volunteers at the groundbreaking at the villas at 1118 NE 2"d Street. t F y � , 4{� i ';,;`• �{ __ r��i�_F�li jt,s„', ��— tSS. S i\t1\"`��o )� is{ �, } l4�'}1 t } -�� S ts��s`',�` ��r„ (j l i��}� s1 �� 1t'�''l�l 'ir,� _�l�i�e s� () SJ�Y� B it s }} U '3 �( >t E' f 1t t it h'tS' ri S tti la t } }i �A The block work completed at the villas at 1118 NE 2"d Street. t r � i i The block work completed at the villas at 1118 NE 2"d Street. ' � a The block work completed at the villas at 1118 NE 2"d Street. 5 The block work completed at the villas at 1118 NE 2"d Street. r t, ' r� , �„r Volunteers and staff paint on NR proj ect#19-10 at 210 NW 7m Avenue. - t s F � £ E r n h � Y - r � � s � f Volunteers, staff and the family at NR proj ect#19-10 at 210 NW 7th Avenue }} t � S�J{S�Aiplls tt t s iti 1 s� s't t <flz £ F � ' 11 s s, s New driveway at the Gass/Hoggins home at 513 NW 9th Avenue makes it much easier to get her wheel chair out of the home and into the car. NR Project#19-3 included hurricane windows and a window AC unit as well. S 'i Lowe's artners for a HomeWorks Workshop on July 13, 2018. Xt �I] Malwn wwk h HomeWorks Workshop h Y a G 1! FLORIDA COMMUNITY BANK m Y I Y }� 1 }JJ rr 2 ij �� jtt}�ia 6t tt r � 1) Ut._ �c�grs✓� crrvtr+✓ r<ar+1-�N� Lowe's artners for a HomeWorks Workshop on July 13, 2018. Ottt t 1t� `t i4+ Z t t 1 t £ i I i M1'i �rSq 11 t � a!wi Lowe's partners fora HomeWorks Worksho on Jul 137� , 2018 "Q �' rte' a y (( )) t i V k t , t ¢+ 3, s s � f� 7t a€ � tii� aawe�, SjStta �t akA E-7 t s ' st rh rr y �` Lowe's artners for a HomeWorks Workshop on July 13, 2018. s SIS; i �}{i st'41 r rf l� tt as S''-p I sv iSs}}t hysfr�}iui�y t s3 I{(tit {ai r �, f i(r �r� v � t a �, t s ♦jf,, � ' S � '{ ) s s)t tisiiv�{tib'{v'`s�}t't��t��t '� r � t it li .s is r ry � - tl1� t i(i S y�t3it vru�r It{�� s QA"A`*�4W�hx r t': S if 13,��i h b - t1 �qF ii Qs i �ssT s 1 1 1, % ads py, �tr_s1{pv}V iJI �� t� d t r is WAX 1 it t , („ t, Also, r(s i t ”w t Shutt, Thuy From: Shutt, Thuy Sent: Tuesday, November 20, 2018 11:21 AM To: 'Madonna Letourneau' Cc: mabdalla@hfhboca.org'; Pam Bonina; Randy Nobles; Simon, Michael; Hill,Vicki;Jenkins, Jobara Subject: RE: HFHSPBC FY 2017-18 4th Qtr Reimbursement Request Sufficiency Review Attachments: CRA 11-8-18 inspection photos_All.pdf; 10-13-18_NOGP HFHSPBC FY17-184th Qtr Reim bursement_Sufficiency Ltr_outstanding items.pdf Good morning, Madonna, Since I have not heard from you in a while so I thought I would reach out to you to see when you will be submitting the outstanding items from the sufficiency letter. Please send the highlighted items 4, 6, and 7 in the attached sufficiency letter, I am copying Para and Mohamed in case you are no longer on this project, I did not get your construction photos so I am using what I have taken during my Field visit(see attached). I would really like to finish this since the next reporting period will be here before you know it. Please let me know if you have any questions. Thank you. From: Madonna Letourneau <mletourneau@hfhboca.org> Sent:Thursday,October 25, 2018 9:55 PM To:Shutt,Thuy<ShuttT@bbfl.us> Subject: Re: HFHSPBC FY 2017-18 4th Qtr Reimbursement Request Sufficiency Review Please see attached documents. Madonna Letourneau Director - Grants & Administration Habitat for Humanity of South Palm Beach County 181 SE 5th Avenue I Delray Beach, FL 33483 office: 561.819„80`70 e t. 1 I : 551.819.01'73 it is i r t,%c r° i,,altii can be put into action. On Fri, Oct 12, 2018 at 9:21 AM Shutt, Thuy< ittr� blm? >wrote: Randy/Madonna, 1 � 710 N Federal Highway Boynton Beach,FL 33435 BOYNTON ,I Ph: 561-737-3256 Fax: 561-737-3258 swww.chtchboyntAn.com CRA October 13,2018 Mr.Randy Nobles, President& CEO Habitat for Humanity International(d/b/a HFHSPBC) 181 SE 5th Avenue,Delray Beach, FL 33483 RE: HFHSPBC NOGP Reimbursement Request for Period of June 12,2018—September 30,2018 Dear Mr.Nobles: The CRA has reviewed the emailed documents submitted by HFHSPBC on October 1, 2018 and October 9,2018. The following information is requested in order for staff to complete our review in accordance with the June 12,2018 Agreement to Fund the Door to Sustainability Project. 1. Copies of the applicable building permit(s) or applicable certificate of completion or equivalent for the new or improved affordable housing units to reimbursed for this reporting period (1118 NE 2nd Street, 210 NW 7a'Avenue, and 513 NW 9"' Avenue) (see Paragraphs C.2). . Sign-in sheet(s)for the July 13,2018 HomeWorks Workshop. Sign-in sheet(s)must include p the required items in Paragraph C.3. 3. A Client List in accordance with Paragraph CA. is 4 Provide written or marketing materials used to document active efforts to ensure that the Project clients reside in or intend to live within the CRA Area(see Paragraphs C.5 and C.8). 5. Provide data on the residents of the Project in accordance with Paragraph C.6 for properties 0. to be reimbursed for this reporting period. }AV Provide the financial statements in accordance with Paragraph 7. �° Pr^vide status of projects with respect to the preliminary Implementation Action Plan/Titne 4 a�� Line on pages 13-15 of the HFHSPBC NOGP Application. Describe any unanticipated delays or setbacks that have occurred that prevented HFHSPBC from achieving the proposed milestones. For instance, Item"d"of timeline indicated 1118 NE 2nd Street villas will be Dried In in September but paragraph 1 of report and photographs did not show that this structure was that far along. Please submit the information above as soon as possible so that staff's review may be finalized and. reimbursement may be processed. I may be reached at(561)600-9098 or S 'Li1ttTrf-:i b .us- sincerely, ,64 „ 4444 ...�........ Tiiuy T. �hutt Assistant Director cc: Michael Simon,Executive Director Vicki Hill,Finance Director Madonna Letourneau,Director—Grants&Administration(via email) file CRA INSPECTION PHOTOS OF HFHSPBC NOGP FY 2017-18 -4T" QTR REIMBURSEMENT ti � � 1tir�t - �, # r� 1118 NE 2nd Street Duplex (West Elevation) 'R , r I t � 1118 NE 2nd Street Duplex (North Elevation) I YS v t - A � t is{t�+t.isJt ,st+vS71y,� I W 513 NW 9th Avenue (Completed Repairs) 210 NW 7th Avenue (Completed Repairs) CITY OF BOYNTON BEACH BUILDING DIVISION Building Permit WARNING TO OWNER: ANY PAYMENTS MADE_ BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART 1, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON 'THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT. THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF ` PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL.AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8109118 GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT DISTRICTS.STATE AGENCIES OR FEDERAL AGENCIES." It is the responsibility of permit holder of each phase of work to procure inspections as required and to verify approvals prior to proceeding to next phase.No inspections will be performed unless permit card Is displayed and approved pians are readily available. A Permit is considered NULL and VOID if an approved inspection is not received within six(6)months from the issuance of this permit or after the last approved inspection.105.4 BBAAFBC PERMIT TYPE: DUPLEX ADDITIONAL DESCRIPTION: NEW CONSTRUCTION OF DUPLEX CNA EA 3BR12SAIl CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 08-43-45-21-22-004-0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections: Iwy DAM Iranr: DATE BUILDING PERMIT 1741.INSULATION NEW CONSTRUCTION OF DUPLEX 1760 DRYWALL SCREW .._ Structure-000-000 1850 FINAL SURVEYIELEV CERT Permit-00 1450 SHEATHINGISTRAp/TRUSS Pin-2141966 1899 BUILD FINAL 1010 FOOTER 1020 FOUNDATION 1025 FORM BOARD SURVEY 1030 SLAB FORM 1100 BEAMICOLUMN 1110 FILL CELL 1300 FRAMING EXT 14W TRUSS 11430 ROOF SHEATHING l 1475 WINDOWIDOOR BUCKS / t 1500 LATWSTUCCO ; 1700 FRAMING INT INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an inspection or see results: permits.boynton-beach.org 1561-742-6355 CITY OF BOY TON BEACH BUILDING DIVISION Building e WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT" ARE CONSIDERED ;MPROPER PAYMENTS UNDER CHAPTER 713, PART 1, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE .1013 SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT, THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8/09/18 GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT DISTRICTS,STATE AGENCIES OR FEDERAL AGENCIES' It is the responsibility of permit holder of each phase of work to procure inspections as required and to verify approvals prior to proceeding to next phase.No inspections will be performed unless permit card is displayed and approved plans are readily available. A Pennil is considered NULL and VOID it an approved inspection is not received within six(6)months from the issuance of this permit or after the last approved inspection 105.4 BBAAFBC PERMIT TYPE: DUPLEX ADDITIONAL DESCRIPTION: NEW CONSTRUCTION OF DUPLEX(VIII-Ai EA 38_R/2BA/1CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: OR43-45-21-22-0040104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC „ a OWNER; List of Required Inspections: :Asp INIT. DATE PLUMBING PERMIT NEW DUPLEX Structure-000.000 Permit-00 Pin-2141992 4100 PLUMB ROUGH/UNDERGROUND I 4200 SEWER I, 4400 PLUMB ROUGHITOP-OUT 4999 PLUMB FINAL �I 4 qq 1 i .............. INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY Page 1 of I Schedule an inspection or see results: permits.boynton-beach.org 1561-742-6355 • . 4a CITY OF BOY TON" 1E C' ''BU"ILDING DIVISION Permit19 Bulldtng WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART i, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT, THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8I09I1 S GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT --- DISTRICTS.STATE AGENCIES OR FEDERAL AGENCIES." It is the responsibility of permit holder of each phase of work to procure inspections ab l equi►ed and to verify approvals prior to proceeding to next phase.No inspections will be performed unless permit card is disptayru and approved mans.arc.eadily available. A Permit is considered NULL and VOID if an approved inspection is not received within six(6)months from the issuance of this permit or after the last approved Inspection.105.4 BBAAFBC PERMIT TYPE: DUPLEX XD&I1"IONAL DESCRIPTION: NEW CONSTRUCTION OF DUPLEX tVIILAi EA 3BR/2BA/1CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 08-43-45-21-22-004-0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections. MR. DATE INIT, DATE PAVING(NOT ASPHALT) CONCRETE DRIVEWAY P/P Structure-000-000 Permit-00 Pin-2175420 104U DRIVEWAY I'ORM 1999 BUILD FINAI s / / { pNp l r { f gi A i INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY mPage 1 of 1 Schedule an inspection or see results: permits.boynton-beach.org 561-742-6355 CITY OF BOY TON BEACH BUILDING DIVISION Bufldihq Parmit WARNING TO OWNER: ANY PAYMENTS MADE BY 'rHE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONS DERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART I, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT, THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF i PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR - --® PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8/09/18 GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT DISTRICTS.STATE AGENCIES OR FEDERAL AGENCIES." It is the responsibility of permit holder of each phase of work to procure inspections as required and to verify approvals prior to proceeding to next phase.No inspections will be performed urless permit card is displayed and approved plans are readily available. A Pemvt is considered NULL and VOID if an approved inspection is not revived wrtm:1 s*(g)moths from the issuance of this permit or after the last approved Inspection.105.4 BBAAFBC PERMIT TYPE: DUPLEX _ „MDDITIANAL mu"t;RiPTION: NEW CONSTRUCTION OF DUPLEX t'VII!Ai EA 3BR/2BA/1CG PROJECT ADDRESS- 1118 NE 2ND ST _ PCN: 08-43.45-21-22-004-0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections; Imt CATS WT. DATE ROOF PERMIT NEW DUPLEX Structure-000-000 Permit-00 Pin-2142006 1470 ROOF IN PROGRESS 1460 ROOF TIN JAWMETAL 1490 ROOF FINAL a m a 7., _, ._.... I I, � I G �. ._ INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an inspection or see results. perFnits.boynton-beach.o 561-742-6355 CITY OF BOYNTON BEACH BUILDING DIVISION Building e i WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART I, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE . OB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING. CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 1800000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8109!18 g GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT l DISTRICTS.STATE AGENCIES OR FEDERAL AGENCIES" ! It is the responsibility of permit holder of each phase of work to procure inspections as required and to verily approvals prior to proceeding to next phase.No Inspections will be performed unless permit caro is displayed and approved plans are readily available. A Permit is considered NULL and VOID d an approved inspection is not received within six(8)months from the issuance of this permit or after the last approved inspection. 105.4 BBAAFBC PERMIT TYPE:DUPLEX ADDITIONAL DESCRIPTION: NEW CONSTRUCTION OF DUPLEX jVIILAI EA 3SR/2BANCG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 08-4345-21-22-0040104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections: INR rre DATE LOW VOLTAGE PERMIT NEW DUPLEX Structure-000-000 Permit-00 Pin-2144152 3400 ELEC ROUGH 3999 ELEC FINAL 1 I ki } `X F I INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an inspection or see results: permits.boynton-beach.org 561-742-6355 CITY OF BOYNTON BEACH BUILDING DIVISION Building Permit WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART I, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO TH!S ; PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HCML UR PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY ' BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: $jOg/�$ GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEIvIwr j DISTRICTS,STATE AGENCIES OR FEDERAL AGENCIES" It Is the responsibility of permit holder of each phase of work to procure Inspections as required and to verify approvals prior to proceeding to next phase.No inspections will be performed unless permit cans is displayed and approved plans are readily available. A Permit Is considered NULL and VOID if an approved inspection is not received within six(6)months from the issuance of this permit or after the last approved inspection 105 4 BBAAFBC PERMIT TYPE: DUPLEX ADDITIONAL DESCRIPTION: NEW CONSTRUCTION OF DUPLEX iVIILAI EA 3BR/2BA/1 CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 08-4345-21-22-004.0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections: r DATE ner: oAtg MECHANICAL PERMIT._,,. NEW DUPLEX C Structure-000-000 =' Permit-00 Pin-2141084 6200 MECH ROUGH 6999 MECH FINAL ....,. �. ' r , I i INSPECTION REQUEST t;Y 3:00 PAS FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an inspection or see results: parmits.boynton-beach.org 1561-742-6355 CITY OF BOYNTON BEACH BUILDING DIVISION u'ilding Permit WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART I, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. "NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT. THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 'I$-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL.AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8109J18 GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEMENT DISTRICTS.STATE AGENCIES OR FEDERAL AGENCIES." It is the responsibility of permit holder of each phase of work to procure inspections as required and to verify approvals prior to proceeding to next phase.No inspections will be performed unless permit card is displayed and approved plans are readily available. A Permit is considered NULL and VOID if an approved inspection is not received within six(6)months from the Issuance of this permit or after the last approved inspection.105.4 BBAAFBC PERMIT TYPE: DUPLEX ADDITIONAL DESCRIPTION- NEW CONSTRUCTION OF DUPLEX iVIILAI EA 3BR12BA11 CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 08.43-45-21-22-004-0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PHC,_ ._-_ OWNER: List of Required Inspections: Irwrr. DATE IADP DATE ELECTRICAL PERMIT _�.. TEMP ELECTRIC POLE Structure-000-000 Permit-01 Pin.2144160 34UU EI FC ROUGH 3999 FI,I.0 FINAL f r� INSPECTION REQUEST BY 3.00 PM FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an inspection or see results: perllnits.boynton-beach.org 1561-742-6355 CITY OF BOYNTON BEACHBUILDING DIVISION Building Permit WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART 1, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOU PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION. IF YOU INTEND TO OBTAIN FINANCING, CONSULT WITH YOUR LENDER OR AN ATTORNEY BEFORE COMMENCING WORK OR RECORDING YOUR NOTICE OF COMMENCEMENT. 'NOTICE: IN ADDITION TO THE REQUIREMENTS OF THIS PERMIT, THERE MAY BE ADDITIONAL RESTRICTIONS APPLICABLE TO THIS n PROPERTY THAT MAY BE FOUND IN THE PUBLIC RECORDS OF PERMIT NO.: 18-00000782 THIS COUNTY SUCH AS THE REQUIREMENT FOR HOME OR PROPERTY OWNERS ASSOCIATION APPROVAL,AND THERE MAY BE ADDITIONAL PERMITS REQUIRED FROM OTHER ISSUED DATE: 8!09/18 GOVERNMENTAL ENTITIES SUCH AS WATER MANAGEI0EN7 DISTRICTS,STATE AGENCIES OR FEDERAL AGENCIES" It is the responsibility o1 permit hoIdpe.rr�of each phase of.N~ wo►K in prat:urn mSpecUons us reyurccxi end to verity approvals prior to proceeding to next phase.No inspections will be performed unless permit card Is displayed*wo approved plarm aro na3dily available. A Permit is considered NULL and VOID d an approved mspectiun is not rec;Ived witnsn six(6)months from the issuance of this permit or after the last approved inspection.105.4 BBAAFBC PERMIT TYPE: DUPLEX ADDITIONAL DESCRIPTION:NEW CONSTRUCTION OF DUPLEX IVIILAi EA 3BR/2BA11CG PROJECT ADDRESS: 1118 NE 2ND ST PCN: 084345-21-22-004-0104 CONTRACTOR:HABITAT FOR HUMANITY OF S PBC OWNER: List of Required Inspections: OCT. DTE Irrr. DATE ELECTRICAL PERMIT NEW DUPLEX Structure-000-000 Permit-00 Pin-2141876 3100 ELEC FOOTER BOND 3100 EARLY UNDERGROUND ROUGH 32 ._ ... . POWER 3400 L•LEC ROUGH _y :ill Ft kC F INAL INSPECTION REQUEST BY 3:00 PM FOR NEXT BUSINESS DAY Page 1 of 1 Schedule an Inspection or see results: permits.boynton-beach.org 561-742-6355 Shutt, Thu From: Pam Bonina <pbonina@hfhboca.org> Sent: Friday,January 4, 2019 2:46 PM To: Shutt,Thuy Subject: Response to HFHSPBC NOGP Reimbursement Attachments: BB CRA 2018 Expenses.pdf, BB CRA marketing.pdf Follow Up Flag: Follow up Flag Status: Flagged Thuy—I apologize for the delayed response—I am headed your way shortly to drop off the Grant Application and realized that I had not responded to the outstanding items from your letter to Randy Nobles requiring responses to Question 4, 6 and 7. Attached please find the marketing materials in response to question 4 Additionally, please find attached the expenditure report in response to question 6 In response to question 7 related to unanticipated setbacks—1118 NE 2"d Villas were delayed due to the incorrect Trusses being delivered.They had to be returned and the Trusses reordered. As of December the roof was fully in progress with the roof sheeting installed and the Villa was dried in before the end of December. Please let me know if there are any other outstanding questions from the report June 12—September 30, 2018. 1 have noted that the next report will be due on January 15th. See you shortly. Pari: Bonina Director—Granbs, & Administration Habitat for Humanity of South Palm Beach County 181 SE 5th Avenue I Delray Beach, FL 33483 office: 561.819.6070 ext 210 1 fax: 561.819.0173 1 cell: 561-703-5645 hab itatsouth Palmc . r IL A two orily hearts can build a home i Q t i t�, Un IZ I E k III r� e� to ® P. ci° MR _ MR _ _CL m4scummammeo 0 WON W19 ,229 NNW — . : a ®� co co 01 0 .� . ._ — 13 CL 06 a a ®_ . • — ce , 0- E 000000 - M- 0000 _ m ,_ oo - _ it L ® _ m ._ — — _ c _ ° ® ° ® ° 1 ® 6 ® ° ° a a ° ® ° e e s ® 1 ® ® e ® m E in ® , Qr- WWL: L:U m cm E Is r. B a - ® c c a m a m IL IL e_ 93 90 cc .» R Lu .5 rz LU C14 fA a W Z N r V r a c n • p i " M M M UJUJUJUJOOov MMR N NI R t? R r Clow " ' ' M cd cmi r-i ci cli Wi Rd Ri M sr Q, UJ UJ • N r: w in M M OtDMRRd' NeDMUJUJO UfrRO O V 14 to W N O r N 0' r r M R ) i C cr cr cr r r r r rCQ a a 0 rrrrrr wr g M rrrr r rrrrrr wr ° �° WUJUJUJtpUJ� Ui Y° CR 10 r )� I E I NUJ q R UJOddd . N UJ rN �CUir � WrW • OW N UJ a 0 ' W We N IN RR R RR cm w NUJ v v , m4 RUJRM r r rUJrr r UJ R r' O Q tt rN r I{ i I 0. 0. 0.049. ®0 °00. 0, 4 O. O. C. C6 C. C. C. n.• C. C. C. 0. 0. °In OC L CL ci • .0 gn 4f O r v i v W iii " i C 000 � � � � ® O .+�.�r ®_ .� .- O O O 0 C 0 N v ti U)rrv— 0 O O O C M Z.r O ® C O O r ' O v v low LU 0 . — I.- F 4► •— w +"" 7 0 0 0 0 0 0 0 i w ` � 'C I- 'i � t/ifgCn tli � y W FFW d M M M M UJ r r r O r v- r rrr r r r r r r r U)gq co go 0 U J U J W RM O J to N cm IN C11 m C* cq Ea E e 2i E 10. i �J t7 V C O U0IN vv v V O z we =0 cmL) `12 La CCS CD C ° f ` O O C G C V i V °` N V C C 0 9a� y' O 0LU LUCJ O F OCLJe 1! se Q O C C O v 7a w 0 0 C CFF O V 0 0 O y - '- ' °p F 0 d o O G 8 C CCc C C O J J O J C) •p O 0 0 .® 0 •- 00. [L O C v O C3U JJF cot� FcAU. (/1ccJJ Q G N Ru O Go W Go co go Go CIO W O o W w Go O co O d w co O co Go go w Go W 00r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r O 0 0 r N NIN N N d R rrr r M r R r M r R O r UJ o r N M r r r N r r M r r N M r ry O N r M r Ex O r R O N d 0 J r r O r r O r r r w 0 F F F r N r � v Thank You Party preneurs, start-ups, and low-income residents.The Center is a fully-licensed kt Buddha S ra commercial kitchen and restaunt which offers affordable training in culi nary preparation.This program provides Faces real work experience, certification, and job placement opportunities,and assists , entrepreneurs with their production/ distribution, regulatory compliance re- ' quirements,in addition to their business and marketing plans.The Secret Garden Al Cafe and Job Training Center is a compre- �� apensive culinary business development „t program and the only of its kind in Palm ' Beach County since 2008. s Habitat for Humanity International /�t6orneyAndrew D.Odzaand Attorney was awarded $40,000 for The Door to �' an D.Siegel,Co-Founders and Man- aging Partners at the Personal Injury Law Sustainability Project which consists of the construction of four new a Firm, Demand the Limits LLC, hosted a ffordable housing units,repair and maintenance of s 1 a for friends and clients.Demand the �,,� party litDsix existing affordable homes,facilitation ,� Limits Personal Injury Law Firm is locat- of a neighborhood clean-up project,and ed at 505 NE 3rd St,Suite 3,Delray Beach, �� reducational. These projects/programs FI 33483. For more information call An- support the CRNs mission to eliminate drew at 215-620-2784 and Alan at 561- slum and blighted conditions andcreate/ 674=2205,www.demandthelimits.com. maintain affordable housing. +, For more information on the CRXs NOGP visit www.catchboynton.com. :} Boynton Roach f CR Awards G ra t p I� ■ , 4k€§,iC "',Rs#k ,�;».a 1,1,' r„ `�¢ The m -, Caller is Funding to 'IwoLocal Nonprofit PERMANENT MAKEUP ori a y & SKS CARE Organizations mAe Gallery is redefining what it is And AglngFecWs I to be a 21st Century Art Gallery,AND Advanced tnt Mdmp he CRA Board voted to approve grant is moving right next door to do so. agree ments with the Community Car- We're not moving far,but big changes .Wwdng&BrWT1ndqS ing Center and Habitat for Humanity of are coming. 168 NE 2nd Avenue,Delray .P8019,z D $ South Palm Beach County the Nonprofit Beach. Organization Grant Program(NOGP).The pro was developed to assist non- profit organizations with Economic/Busi- ness Development or Affordable Housing BwdQqWLkmdVhwd program and projects within the Boyn- at Aft Garagein 7431 W ticAve.,Ste.3 ton Beach CRA Redevelopment Ana that Delray Beach W to r wAvywould create jobs and provide economic ty camuftwim Wayl opportunities, or provide affordable) its Garage connects our comu- workforce housing in furtherance of the I Inity to the world through the Arts. xa Plan. This drives all of our decision making. CMs Redevelopment The Community Caring Center of The programs at Arts Garage bring local, Greater Boynton Beach,Inc.was award- emerging artists and established global ed$57,681 for their Secret Garden Cafes performers into our South Florida multi- Culinary Incubator and Job Training. The target audience are culinary entre- P, 8 1 JULY 2018 1 WWW.ATLAWTICAVEMAGAZINE.COM x...... ........... 0 0 0 M = 9 3 1 M I 0 cr mo c CL CL CL 0 M > z CL 0 c CL R c m In 0 CD to a CL Ct CD :0 03 (0 CD m R > v o 0 'M 0 0 E x r- CL 0 Lo X(1) SNC LA. EX 5: a =! 3::E CD CD 2 -T r 0 — CD 0 o I Cr CD 0. = M, 0 we = — 2 ;:;= 2 3 G) o-, 3 G) w 0 T M — 900 m a w C) C CD 0 ch 0 -9 cr CL c Ol =r ME 0 CD L2 5m,.1 ca 0 CD m 005 40 OC, 30 o C) .......... .......... m 3: 8 i?a x tr M EA = =r to M .2 'a 0 (D 0 O:e OL =r 0 =r = :CzfW X =r trn ...... fb ID 05 fD (D M f (D SL to w 0 tr of (D -9?r 0 to C Sm. A r+ 04 ol IR CD W (,D CD CL CL ch 0 I r0 fD 16-3Of iD cr NC 3 m ) ) // ! )\ \\\ \ \\ Y. \\\ \\\\ \\\\\\ ) ) ) ) i ) jjjjjjj)j \\\\\\\\\\\\\\\ } § \ \\\ \\\ \\\ \\\ \\\ 7—lrw § z ))} )ak }\ [/ §§ ) )\ � k\{} } \ o\ k\�\\ {) { { _ _ \ /} } \ \ Floridau�� Invoice it 404 SE 23rd Ave Suite B' Date Boynton Beach,FL 33435 9/18/2018 1558A Phone# 561-215-1223 southfloridashell@live.bom CGC 41514480 Bill To Habitat for Humanity �. 1118 NE 2nd St " r' Boynton Beach f Terms: ... t r r � i Shell complete: Slab, block walls and bond beam complete. 48,300.00 Cost to move slab 4", No charge- Habitat for Humanity of South Palm Beach County,Inc. 1419 South Florida Shell 9/27/2018 Date Type Reference Original Amt. Balance Due Discount: Payment 9/18/2018 Bill 1558A 48,300.00 48,300.00 24,150.00 Check Amount 24,150.00 i WF MerchanUNRI Ca 1118 A&B(Villas) NE 2nd St 24,150.00 REORDER 91522-U.S.PATENT NO.9MM.5975 B.W411e3'G7"M.5BM",6D=W To re-order checks please call 1-877-586-6377 www.LaserPrinterCheeks.com order#176984 LTha�nkyou for your business Total - y'r 1 ��il S� i " Habitat _.R { 1 C 4C (ry for fi March 5, 2019 Ms.Thuy Shutt Assistant Director Boynton Beach CRA 710 North Federal Highway Boynton Beach, FL 33435 Dear Thuy: Attached please find recent updates to support Habitat for Humanity of South Palm Beach County's activities in the Boynton Beach CRA District. Construction of the Villa's located at 1118 NE 2nd Avenue continues to move along nicely. 1. Attached please find photos of the tile installation that took place recently. Villa B(South Villa) had tile installed February 151h and Villa A(North Villa) had tile installed March 4th. (Photos attached) 2. The homeowners for the Villa's also came to the Habitat office located in Delray to select the exterior color for their homes. It was a wonderful opportunity for both families to meet and to collaborate with one another. 3. Work continues on the interior of both Villa's as cabinets are being installed this week. In addition to the activities stated above we were pleased to note that we are expecting to have the signed permits by 3/6/19 for the second set of Villa's on NE 12th Avenue. Construction had been delayed due to permitting issues and then last week when we arrived to pick up the permits,the plans had been lost and had to be resubmitted. The pad is being prepared and we hope to being pouring the foundation in the next week to 10 days. Should you require any additional details or documentation, please do not hesitate to let me know. Thank you for your continued partnership. F Pamela Bonina Director—Grants&Administration Visit Our Restores At: 1900 North Federal Highway, Delray Beach, Florida 3.3453 561-455-4441 f2r EQUAL HOUSING 272 :youth I)Lxie Highway, Boca Raton, Florida33432 - 561-362-7284 LENDF-R Homeowner Information for 1118 NE 2nd Right Unit of the Villa Homeowner: Rosibel and Juan Guifarro Current Address: 4574 Happy Landing Street West Palm Beach, FL 33415 Household Size: 4 Income Range: $42,000-$53,700 Left Unit of the Villa Homeowner: Caline St Germain and Spenchel Fatal Current Address: 4673 Pine Grove Drive Delray Beach, FL 33445 Household Size: 3 Income Range: $32,250-$37,660 CONSTRUCTION PROGRESS—1118 NE 2ND AVENUE—THE VILLA'S A& B—December 2018 0 Interior Framing—December 2018 77, jpl a , t r — s ( � P H" - �t1 i rAt lI2,01N, i� t :F, a4, ��,f,�, `s �` �« ,� z. ,.: �..,, „ � � I ii a i- __ �._ ` i � I� � i � (m �� r� � � S { ;' h a i�{j }�S $��', �� Y 34 {\l4 ��5��1`11 (( _ Si f� H F !�i� � �I � I� (((( I � F� �, `. =�c , r�r �� `�k J�,,, i. � �Fj'� t'c E� i (('�`� a fi+ �,tr Interior Plumbing—December 2018 Tom«= 4 Jti} t f I t ° d 1 � 1 t�& THE VILLA'S A& B— 1118 NE 2"d AVENUE—TILE INSTALLATION r, kh lir. THE VILLA'S A& B— 1118 NE 2"d AVENUE—TILE INSTALLATION r 1}, )�t r t "»S THE VILLA'S A& B— 1118 NE 2"d AVENUE—TILE INSTALLATION 1,t I �ti e tl�if �Y`t�f. � 1 I �� THE VILLA'S A& B- BATHROOM TILE INSTALLATION-1118 NE 2ND AVENUE k +`: j ,S Boynton Beach—NE 12"Villa's—pad in preparation 3.5.2019 h Pl, s � � ?("�t {�m�� p��" �l? �:_i S{�n c >!t�`,t��§ -�rif¢� „� I�„ueni��t{b`•,t s !ttFl��?• ��,. kaY 4�fdt�;¢ft��F�,SS titt�r��\tlty(v �i`ti��4��+1 ,!a� 4S{1 v 7 t s .,..,�, ��": t ``-I " �4�'; �,+� �;�, t �?�li ��t�,•'�v f�+�,; w ��t"' �""' ",�.� ��f,�ti�3�i ��'N ,n , R i a t � I r • , t;J� }11sr a.�,_.:,4 V �,>4i<. ,>,.��r?t��J1St�)).,: �` S,k („t ,rr r.: J#r i��,( s?(r,,t}y„.. - �� i�, .atry:, } v,,. •\, W i +` ,. v4 Ir, tt}sri}f��is 1}i\14J 7{ f4flr i„Ii }r\ r�1 s � S 5 dtA( ISI �c,+��ri ?U;4{t �r , ,- ! !SlJ 4 it i 7 � I I "FF ep•M '%"v a �,� f13+. 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EF- .-0 8w 0-w x0 :? 0xxWa0m `o `o mm Wmm EEE555 wa) u, 00o 0yoo _ 3 EEy caQOHH�c c E0 0 E0 o o �=o o coo m m o o 0 O c Q o m o m m '� Co 7 7 _n.Q O O O O O O O L to c_- ai---U` maaJHHr2UU—cC�—Ja'a cofl)Vl `2r2mmmM��mHLLYm2mm 7 t0 O �Tf�tl�7NNNC00 tf�N(AO�O)O(A 01 nn CN N @mn O N N Vl Vl Z fAN W tTO O MO 0000 N E E NCO c N tO� Nco (6y 7+7. it Ix W O�w�rrOZZ0000a'�'R�'��'O N�TvLCO- N Gl CMr) N 3rOM C d 0 0 0) r Z Z U U Z Z Z r r c)) 00 O CA O Z Z Z Z Z Z Z N a'aL( 5>r 2>cq r r r W>M M C O c rL 4) x0. a° W U) Q Cap ap ao ao ap oo co ao ao ao m au ao ap ap ap ao ao op ap ap m ao ao ao ap ap ro ap aD ao ap ao ao ap ao ao ao ao ro ao ap ao }Y} •2,. 3 X 0 0 0 O O co O O O O O O O O O O O O O O co O O O O O O O O O O O O O O O O O M 0 0 0 0 N 7 10 W N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 'p m Y •'Ih V•00 tOt0CrJNtn N a Q q V O O N N M O N N M M O N r O r O O M O r 0 0 0 0 r 0 O r o O O M 0 0=OO N OO N O -O--O-O O-O N O O O O N N O O O N N O r r O r r O r N r c Qa r r rr r rrrrr r rrrrrrrrrrrrrrrrrrrrrrrr Z f6 as Z a Zca r C�mmm mmmmmmm mama mmm m mm mmmm mm mm mmmm mmmmmmm mm mm J Q m I.- (L r R si ` V PO'#: 94271061 INVOICE 77325 SUPTOIAL: 5,368.00 - INSTALLED SUS SALE -- [ LoWE"S�,j SALES : S09988NN 1605899 TRgNS#: 85615316 11-30-18 147142 PERMIT FEE N LONE'S HONE CENTERS, LLC PERNIT FEE 1500 CORPORATE DRIVE WIRED DELIVERY] BOYNTON BEACH, FL 33426 (561) 733-1397 PQ N: 94271862 INSTALLED SOS SALE - INVOICE 77326 SUBTOTAL: 525.05 SALES#: S09986HO 1603833 TRANS#: 85615516 11-30-18 59841 NINDON LABOR WINDOW LABOR INVOICE 77323 SUBTOTAL: 4,550.00 [DIRECT DELIVERY] INVOICE 77324 SUBTOTAL: 148.00 INVOICE 77325 SUBTOTAL: 5,368.00 PO #: 94271860 INVOICE 77326 SUBTOTAL: 525.05 INVOICE 77323 SUBTOTAL: 4.650.00 SUBTOTAL: 10,691.05 TOTAL TAX: 0.00 BALANCE DUE: 10,691.05 CHECK: 10,691.05 INSTALLED L - SALESN: 50998OHN 1603633 TRANS#: 85615316 11-30-18 STORE, 1111 TERNINAL: 23 11/30118 17:02:27 # OF ITEMS PURCHASED: 314407 DQL10406-AR 120.00 EXCLUDES FEES. SERVICES AND SPECIAL ORDER ITEMS 1-4-8 TREATED APPEARANCEE 30 0 4.00 OWE'S DELIVERY SERVICES [PELIVERY] FOR SCHEDULE CHANGES: 16709 120180 26.00 PLEASE CONTACT YOUR STORE 24 HOURS STUCCO FINISH 80-LD UNTE IN ADVANCE OF YOUR DELIVERY 2 0 14.00 [DELIVERY] FOR DELIVERY INFORMATION, CONTACT INVOICE 77324 SUBTOTAL: 148.00 NUMBER AT THE TOP OF YOUR RECEIPT. THANK YOU FOR SHOPPIND LONE'S. SEE REVERSE SIDE FOR RETURN POLICY. INSTALLED SIDS SALE _ STORE NA BER: DAVID TERRITO SALES#: S09986NO 1603833 TRAMS1: 85615316 11-30-16 LOE'S PRICE MATCH OUNANTEE 033753 EAST SIDE 1,477.00 FOR NOR E DETAILS, VISIT LOVESSOM/PRICENATCH UT ALUM IMP HR 74 X 63 CL 2 0 [OELNERY] * YOl1R OPINIONS COUNT! 833753 EAST SIDE 11410.00 AWISTER FORA 00 TO BE OT ALUM INP SLR 111 X 30 # ONE OF FIVE VOUIERS WM NONT ,Y! 2 0 705.00 * iREBISTRESE EN EL SORTED NENSUAL [DELIVERY] * PARA SR ONO DE LOS CINCO BANADORES DE USS3001 833753 OR`S 1,026.00 NT ALUM IMP SH CLO 36.5 X * REOISTER BY CONPLETIND A QUEST SATISFACTION SURVEY 3 11 342.00 * WITHIN K AT: .1 .c / r [DELIVERY] Y 0 U R I D # 23666 1111 334 833753 BATH 235.00 UT ALUN INP SH MIST 36.5 * NO PURCHASE NECESSARY TO ENTER OR YIN. EPELIUERY] UOIU WHERE PROHIBITED. MUST BE 10 OR OLDER TO ENTER. # 833753 KITCHEN 277.00 * OFFICIAL RULES I WINNERS AT: uue.louep.coeismer * NT ALUN IMP SH 36.5 X 38 x*•t**t*****rr***s* ******a**** **** ************* a* [DELIVERY] STORE: 1111 IERNINAL: 23 11130110 17: :27 833753 FRT DR 478.00 WT ALUN IMP HR XO 74 X,38 [DELIVERY] 033753 FBI OR SD 465.00 V" Ron 1, Inc. 7 ' . Roofing Contra Fac 581 T -MI . � 100SW 1011 St De1W Beach ' _ a Res-rwfI .R 85445 Repair& Maintenance 6 , AqpistO,20111 u� z 308 NW 12thAve.n B FL (561)699-1208 ' Harrhqon Residence M8 NW 121hAve. Boynton Be"FL Thank you far cantacting Ron Bell Roofing. I annecide yaw consideration. I m sending our propowNcontrad along wi&tMs letter. Plan review It call or email me if you have my q on or cI you to by our view pleL I specified s self self. a distwind on your hurricane policy premim as a usecondary viaer barrier". If you hwe my questions.please will me. I look Ibrwwd to hearing fwm you sow. RON sea RM i 4 Workmanship and materials guaranteed against roof leaks fora period of five( yean from completion of work on fully paid accounts.Warranty covers repair of roof leak only and not consequential damages. 30% of Contract Price due upon signing t, S5,100 6% of Contract Price plus mmad bill due upon dry-in; $5,100 410.% Remaining'IM due upon completion of wort , t n here or m p ing w a ph a ojwaric) (P60=w&mJvwft a ms&wd wift haurafeeof2%gffha m � .... Y7 � �►nnrl Gantln .neve ,r Decayed or damaged decking,if any,will be replaced at up to a maximum of dim(3) sheets of plywood decking i (3 0)linear feet of dimensional lumber.Any additional required replacement will be added to the contract total at the following rate: $3.00 per squam foot for plywood and r linear foot for dimensional lumber. tory fascia board,rough sawn cedar fascia or wood siding replacement will incur additional charges, Add$2.00/ft.to caulk and prime new fascia. accountAn is considered unpaid if we have not re=ived payment 15 days after the date.of the invoice. In that event,the account will be subject to a late charge of$50.00. In the event an account remains unpaid 30 days after e date.of the invoice,1.5%S charge per month will be added to the unpaid it be=es necessary to institute an action at law or inequity to enforce any obligation hereunder,then Ron ROM,Inc.shall be entitled to recover attorney's fees and court posts. Ron B*U,Inc.is not responsible for removal or reinstallation of gutters,downspouts,scmen enclosures,solar units, C,satellite or electrical equipment or any prindag or painting.Owner agrees to allow convenient access to building for men,materials and equipment and to hold harmless,Ron BeU,Inc.,material suppliers and delivery en for damage to driveway due to commercial trucks and equipment,except when damage is caused by drivers lack of caution,consideration or negligence. of CMIMCL- The preceding prices,specifications and conditions are satisfactoryare hereby accepted.RonBeg,Inc. is authorized to accomplish the work as specMed.Payments will be made as previously described above. This agmement contains a complete statement of all arrangements the,between parties,superseding all previous agreements whether expressed,written,or implied.Do not sign unless all amas are covered. Acceptance:(Owner orAgent) Acceptance,(Ron Bell,Inc.) Signature 1 c ' a �-- r n, gi �/� Pm� rmtNae �� ff.� A ;. Punt: 1 Date 2019 e 2418 iesered, 3 Boynton Beach - 10/24/2018 Understanding Your Homeowner's Insurance Policy _r 6 0 I Financial it in the Heart of Boynton Beach Mercantiol-,i Bank ATe�tCRA ltastSida West Side—SaasiideRenaimnce 1 •` 0 e WIMtk try' 0�ar � }f s l w \ S(SI (\\ tow t� 'd�S�lu } ti t �M ry r i I 1 t4L CL 0Ws Lim 0 er LM 7� 0� I» (SP, �z PIS tz SO a a Q AW tv = 0 x 0 E ls� ca 0 ZE 0 CL _41 a 0 0 CL a CL z 2 E a 2 E .2 16 LL Z some :;Vft s r gj CID `t U.J �r CL LD � C H ¢ U J U Qct ' d d �_ - " 7 eo O1 OD ai m; CD LA Ln d Cm f O W m c � 3 t @ o u �, �.. o m t o I oom 4) C 3c o ,w co (U cu E SAPO 1Ay - = a cu cr- mom 41 _ ! >- 41 V-1 s a 3 _c a w Z " COD Lnro CICL w g. >- O O c w Nu L E M Y L. 0 N e ® 3 ® —'' o ��* 3 '° ° m ' o u ro O N U O 46 C ++ ® ..._...._: ® 11 Q o ci O lD O iµ41* m a ro ®E F- BOYNTONr BEACH VILLAS-TEAM WORK St � t ie _ 4 z t' £ll,� S ' £ j t Bank of America—10/6/18 'sONt„ 4 rt14s I(st ;ty„4 Sis1 � ' t S6'tst`I 1i sSA i s� tf kSd s - t? `! ;`s ...3— N k��l��s I ,xt s n I Daszkal Bolton—11/15/2018 Boynton Beach Villas — Team Work s U I BlueGreen Vacations 11/29/2018 u,.e n, �r rE_i r Gravity&Oxygen Fitness working on the Villas 11/15/2018 BOYNTON BEACH VILLAS—TEAM WORK—Alzheimer's Association 12/13/18 111 s� i } i �+r} idi' �d$E +yl{11t }yiut�,`s�}j� $4ilya 1}t}t= i`': 1 y`~4t; �Y}9? }1,{} t}t'y,S�§y11!t fi?y,iz #i'M P W� {'tan �` c?l},,„ �r- ?s�{l— S :}`,n�i)f ,n��'t y I=' 1�}r7)`ii'}, "}.»�E{ i tyt 1?.;1/th (it Sti li t\ Z , t PMx iut,c"'., } i i' i i til }}'}ai fi` ,?t4 r4tfi y t��},1ts!li�iii i m iA�>awi r 3 itis, l it t l- � 710 N Federal Highway Boynton Beach, FL 33435 BOYNT ''ONPh: 561-737-3256 Fax: 561-737-3258 BEACH ',CRA www.catchboynton.com October 13, 2018 Mr. Randy Nobles, President& CEO Habitat for Humanity International (d/b/a HFHSPBC) 181 SE 5th Avenue , Delray Beach, FL 33483 RE: HFHSPBC NOGP Reimbursement Request for Period of June 12,2018—September 30,2018 Dear Mr. Nobles: The CRA has reviewed the emailed documents submitted by HFHSPBC on October 1, 2018 and October 9, 2018. The following information is requested in order for staff to complete our review in accordance with the June 12, 2018 Agreement to Fund the Door to Sustainability Project. 1. Copies of the applicable building permit(s) or applicable certificate of completion or equivalent for the new or improved affordable housing units to reimbursed for this reporting period (1118 NE 2nd Street, 210 NW 7th Avenue, and 513 NW 91h Avenue) (see Paragraphs C.2). 2. Sign-in sheet(s) for the July 13, 2018 HomeWorks Workshop. Sign-in sheet(s) must include the required items in Paragraph C.3. 3. A Client List in accordance with Paragraph C.4. 4. Provide written or marketing materials used to document active efforts to ensure that the Project clients reside in or intend to live within the CRA Area(see Paragraphs C.5 and C.8). 5. Provide data on the residents of the Project in accordance with Paragraph C.6 for properties to be reimbursed for this reporting period. 6. Provide the financial statements in accordance with Paragraph 7. 7. Provide status of projects with respect to the preliminary Implementation Action Plan/Time Line on pages 13-15 of the HFHSPBC NOGP Application. Describe any unanticipated delays or setbacks that have occurred that prevented HFHSPBC from achieving the proposed milestones. For instance, Item "d" of timeline indicated 1118 NE 2nd Street villas will be Dried In in September but paragraph 1 of report and photographs did not show that this structure was that far along. Please submit the information above as soon as possible so that staff's review may be finalized and reimbursement may be processed. I may be reached at (561) 600-9098 or uttT'&bbfl. s. , ince ely, T Uy T.76utt Assistant Director cc: Michael Simon,Executive Director Vicki Hill,Finance Director Madonna Letourneau,Director—Grants&Administration(via email) file CRA 11-8-18 INSPECTION PHOTOS OF HFHSPBC NOGP FY 2017-18 -4T" QTR REIMBURSEMENT 1118 NE 2nd Street Duplex (West Elevation) =r 1118 NE 2nd Street Duplex (North Elevation) 1 X114 � i )i r y, 513 NW 91h Avenue (Completed Repairs) 210 NW 7th Avenue (Completed Repairs) Fe611,7319 9.19 39 P vt ES"f X File Edit Commands Help . ., Bonds Property Inforenation Application Information mm = ConEvactnrescraw Address. 1116 NE r Application desc. CONS1 ION OF DUPLU �.j Fees BOYNTON BEACH, Ft. 33435 Application status• APPROVED Location 1D: 13764 I Status Cate, 8109/201E i Global balance&J Dwner wane: Application 'types DUPLEX a pa nrlisysP,; PCN, 038-43-4S:-21-22_. -CIS Application date: 2f22/2t738 ®fliscellanaeuainto Lc,t Weber; Tenant nape/number! 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'.Cry 'Ca1 4. 44 ' `p (C9 H 13' w 4TJ I— r�-I HLLJ .9 W LN m J 7t r 0 r-i ILLuIn ai M U) 4 ME E—= 0— ; I 0 W c i au ' 'L na + B_ E •r f LO CU LL ID 6_ .- r 3 P412 21- fi G7 GF7 3 o J ii J N Cri r +� y r f-^ 1 l lel f s O r r! r-! f bTd r r� 9 rl 1 'y-1 CL x'4 '"4 r1 1CA ,o w r r.�,,, �.0 � . . ,Gs+. CL r..� ._ ... i m f :3m m CD 0 CD E 2 c� 4 � —(a CU � 42 g �' 0 CD .� a Imit) 4mU g k o 0 c0ia trg �2 m cia as C m r . v i, � .. ' � ' T wwmBt EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CONSENT AGENDA AGENDAITEM: 11.A. SUBJECT: Financial Report Period Ending February 28, 2019 SUMMARY: Attached is the monthly budget report for February 2019 representing the Agency's revenues and expenses (Attachment 1); Statement of Revenues, Expenditures and Changes in Fund Balance Report (Attachment 11); and Budget Comparison Schedule - General Fund (Attachment III). CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY2018-2019 CRA Budget ATTACHMENTS: Description D Attachment I - Monthly Financial Report for Period Ending February 28, 2019 D Attachment II -Statement of Revenues, Expenditures and Changes in Fund Balance Report D Attachment III - Budget Comparison Schedule I ,� c7 0 m c c H 00 0 c� c� o o �n o 0 0 0 II o ww H O o 0 0 m LO M m M o N LO M o o II o 0�0 m LO LOo �o �o II a o in Ln Ln M M o in 0 ca o m o - 7 II o M o 1� M 1� o 0 0 o N II w 11 CG W iO m LO n LO 61 ,� in LO m C0 O N O N ,� O O O M � II O m o o r� 0 ,� II c� LO c�o LO m o o LO (o,n m m ,� o ,� �n m Ln m o o LnLO II W II II z u N u N � u u 00 00v o II o 000 oo �O o �0 000 ooc� ca oO 00 0 o II o 000 000 ori o00 000 II w a cC oO 00 0o II o 000 �oo ,� oLO 000000 II FC W II o LO0� II O o o H h II H H H m II m W II II 0 m - iO m (n iO M - - 0 o C0 iO m 0 0 o II N woO opo M oM C� C� c01� om o O0 M0o m II N H w a w o o o II o o o o m o o m II m H m 0 ca c� ,� � m �n � II � � � � � � � m � � � moo H O Li l rl N rl C O 1 0 m 01 rl o m n N o m N f� O II II '� 61 H 61 iOo o m � m rl �"1 C0 C0 rl rl cg N rl LO rl m In N N ,� �o II � � � � c� LO � c� �o o II � � N FC II II W c� m II N � o II N U H O � o m m Lo Ln M o o m o m o 0 o acv C o 1 C� C� o C O� C , c o o II x w El o � 0 � ,� � II � � mo ,� c� Ln Ln � o m m m0 0 MII LO 0 ry' cG �l H ,� o LOiO c� II � � � � � � � m �o � ,� c� II o wcna' xH C Cml 0i1 C , " mwa H > II II . . . . . . . . . . . . . . . . . cG cG 0 'z N xw U O Q Ga FC II II II II � W II II v O x o O 0 0 0 0 o II o 0 m 0 0 o O 0 0 0 �O 0 � II o w mo � II o moo o �o - 0O oM 0 mLn � �oII cn ca Hgoo o � mLn ooLO oLO oo � Q CW7 - 0 H o N N N In o m 0 m m W W 'Z, Ca N o N II o'1 N 6l l0 N N o L� o �O m l0 N II W � � N rl m II II H N L� m II II � H H II H II cC II II II II �00 00 o 00 0 OOLO 0 0m1 MLOm II o a m 0 o m 0 0 0 00 0 M iO 0 m z w u H C7 - 0 o m o m 0 m m iO C7 Ca - o o c0 II m LO N N o o �0 m �o c0 II H x � II O In o,� ,� N ,� � ,� ,� m cC 0. 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Q CW7 - 0 Ln m w zCa m � o� c� m m w CC 0 0 0 Ln v Ln Ln o o o zw 0 0 0 o Ln M c7 Ca m m m m m m CC a O H N N ry ry H H W H H W W U U CC CC H z z w w z H H H H w CC CC z z c� w E 0 0 0 0 H w o 0 0 o H w w H cn N N N N U U cn U a z H Q Q Q Q a w 0 0 0 0 2 C C � w a 0 0 0 0 w w x w H w H z 'z - LO o H H H o W U FC U U W W 61 U] H H H Q Q 2 Ca � 00 000 'z o HCC w w CC o0 000 a H a N 0. W 'Z, cn W M M M M M FC Cu FC W co H CO 6l 6l 6l 6l 6l H H Q CCLOLO LOLOLO O C O 0 1 H F( U H I I I I I H W H 0. Ca CG 0. m m In In In x m mw w 'a w o0 000 H CD q q a q 0 a U U H z o II o w w H II O C7 z o II o ca H o II FC cC ca o II � w II cG w �n II m w - u z N u N � u ca o IIII o w II a cC o II o El wx O El U I I z u w u w o IIII Ca H II w a w o II m H El Q o u FC ,� i al II m w II c�i H x O O o II m a c� o II o x w u w x H m w a H > II - rx x a o H zHw zc� II z w II ax O W cn Q H IIII w � x N IIII u w u c4 I I �n II o H IIII cH7 Q m IIII cC m - II O c� II W CC H H Q z w cn a w x � W H H cn c4 x � H w z H � H H o cC H o� co O El w O z z a o H m w z W w w i w w H x w N o w o H ca o H cC BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Revenues,Expenditures and Changes in Fund Balances Through Year to Date-February 22,2019 Total Debt Service Governmental General Fund Projects Fund Fund Funds REVENUES Tax increment revenue $ 12,558,411 $ $ $ 12,558,411 Marina Rent&Fuel Sales 468,076 468,076 Contributions and donations - - Interest and other income 136,723 113,356 3,378 253,458 Total revenues 13,163,211 113,356 3,378 13,279,945 EXPENDITURES General government 1,322,617 - - 1,322,617 Redevelopment projects - 925,587 925,587 Debt service: - principal - Interest and other charges - - - Total expenditures 1,322,617 925,587 - 2,248,204 Excess(deficiency)of revenues over expenditures 11,840,593 (812,231) 3,378 11,031,741 OTHER FINANCING SOURCES(USES) Funds Transfers in - 7,462,303 2,136,465 9,598,768 Funds Transfers out (9,598,768) - - (9,598,768) Total other financing sources(uses) (9,598,768) 7,462,303 2,136,465 - Net change in fund balances 2,241,825 6,650,072 2,139,843 11,031,741 Fund balances-beginning of year 2,402,302 11,105,679 91,183 13,599,164 Fund balances-end of year $ 4,644,127 $ 17,755,751 $ 2,231,026 $ 24,630,905 Footnote: Transfers between funds include monies received from TIF and carryover from general fund balance. The notes to the basic financial statements are an integral part of this statement. I BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach, Florida) Budgetary Comparison Schedule General Fund Through Year to Date - February 22, 2019 Original Budget Final Budget Actual REVENUES Tax increment revenue $ 12,421,686 $ 12,421,686 $ 12,558,411 Marina Rent&Fuel Sales $ 1,000,000 1,000,000 468,076 Interest and other income $ - - 136,723 Total revenues 13,421,686 13,421,686 13,163,211 EXPENDITURES General government 3,822,918 3,822,918 1,322,617 Total expenditures 3,822,918 3,822,918 1,322,617 Excess of revenues over expenditures 9,598,768 9,598,768 11,840,593 OTHER FINANCING SOURCES(USES) Carryover fund balance - Transfers out (9,598,768) (9,598,768) (9,598,768) Total other financing sources(uses) (9,598,768) (9,598,768) (9,598,768) Net change in fund balances $ - $ - 2,241,825 Fund balances-beginning of year 2,402,302 Fund balances-end of year $ 4,644,127 The notes to the basic financial statements are an integral part of this statement. 1 � ' T t EACH "'1",,"",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CONSENT AGENDA AGENDAITEM: 11.13. SUBJECT: Finance Department Purchase Orders for amounts exceeding $10,000 for the month of February 2019 SUMMARY: There were no new Purchase Orders generated that exceed the amount of $10,000 or more for month of February 2019 by the Boynton Beach Community Redevelopment Agency (BBCRA) for administrative and project related expenses. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY2018-2019 CRA Budget CRA BOARD OPTIONS: No approval needed � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CONSENT AGENDA AGENDAITEM: 11.C. SUBJECT: Approval to Maintain Contract with FordHarrison, Global HR Lawyers for Human Resource Services SUMMARY: At their March 13, 2018 meeting, the C RA Board approved the contract to engage the law firm of FordHarrison, Global HR Lawyers, Inc. to provide the Agency with legal services related to specialized human resource issues not currently being provided under the I nterlocal Agreement (I LA)with the City of Boynton Beach. Under the terms of the contract (see Attachment 1), FordHarrison would only register costs or fees when an issue needing their services arises, no monthly retainer is required. The cost for use of FordHarrison's legal services is on an "as needed only basis," fees therefore are only charged when or if needed. On February 13, 2019 CRA legal counsel received a letter from FordHarrison informing us that attorney Bari Goldstein has moved from FordHarrison to Ward Damon (see Attachment 11). Florida Bar rules require that when an attorney moves, the firm must notify clients that worked with that attorney so clients are aware they can choose to stay with the moving attorney, stay with the firm or retain entirely new counsel. The letter requests the CRA fill out a form notifying FordHarrison how the CRA would like to proceed. CRA staff and legal counsel recommends maintaining the contract with Ford Harrison as Christine Hanley is the primary contact for CRA matters and not Ms. Goldstein. FISCAL IMPACT: FY 2018-2019, General Fund 01-51420-201, $100,000 CRA BOARD OPTIONS: Approve to maintain the contract with Ford Harrison, Global HR Lawyers for qualified legal human resource services. ATTACHMENTS: Description D Attachment I - Executed FordHarrison Contract D Attachment II - Letter from FordHarrison lus Laboris LISA Global HR Lawyers 1450 Centrepark Boulevard I Suite 325 West Palm Beach, Florida 33401 FordHarrison Tel 561-345-7500 1 Fax 561-345-7501 Writer's Direct Dial CHRISTINE D HANLEY 561-345-7502 chanley@fordharrison corn February 23, 2018 BY E-MAIL ONLY PRIVILEGED & CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION Boynton Beach Community Redevelopment Agency c/o Lewis Longman & Walker 515 North Flagler Drive, Suite 1500 West Palm Beach, FL 33401 Dear Agency Board: Re: Engagement of Ford & Harrison LLP (General Employment Matters) We are pleased to have the opportunity to represent Boynton Beach Community Redevelopment Agency regarding such employment and labor relations matters as may from time to time arise. Under your guidance, we will do our utmost to provide your company with the highest level of professional legal services and counseling. This letter sets forth and confirms the terms under which we have been retained to represent Boynton Beach Community Redevelopment Agency (hereinafter"BBCRA" or"you"). Our Representation The attorneys in our firm limit their practices to specific employment-related areas such as the defense of employers in employment litigation, benefits, business immigration, and labor law. All of our attorneys are well versed in their areas of practice, although some have greater experience in particular areas. Generally, we assign matter responsibilities and tasks based on the degree of experience and expertise required for a particular component of your defense. As a result, various attorneys may participate in representing your interests. We may also utilize our www-for-dharrison.com wwwluslaboris,com Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION paralegals and other support staff as needed. In doing so, we strive to assign your work to the most effective and economical level in the legal team. Of course, the scope of our representation may expand from the work described above as agreed by you in writing or to the extent of the work actually rendered and billed. Our Fees Rates I will have overall responsibility for the firm's representation of BBCRA. My hourly rate is $585; other attorney rates in the West Palm Beach office range from $500 to $585; our paralegals are billed at $290 per hour. However, we are pleased to offer you a special discounted non-profit hourly rate. The attorneys will bill at a reduced rate of$285 per hour, and paralegals will bill at a rate of$110 per hour. We typically review and adjust attorney and paralegal rates effective at the beginning of each year. Invoices Prompt Payment and Resolution of Issues - We will send you a monthly invoice for our services and expenses and you agree to pay our invoice within 30 days of its date. We strive to make our invoices simple and clear so that you may use them, along with our other communications with you, to keep apprised of the progress of your matter. However, we encourage you to contact us immediately if you have any questions, concerns, or objections relating to your invoice. After 60 days from the date we transmit your invoice to you, all billings not previously objected to in writing shall be deemed accepted by you and any objections not raised will be deemed waived. Expenses - We will furnish itemized statements to include all necessary and reasonable expenses incurred and disbursements made by us in the performance of such services, including expenses for any courier and express services, copying, printing, travel, court costs, court reporter fees and other expenses. Unlike many firms, we do not bill for long distance telephone expense or computerized research services. In addition to our legal services, we bill our clients for all costs advanced and expenses incurred on their behalf. We will advance and pay invoices or statements for all minor or incidental costs, such as depositions, printing, etc., under $500. Any invoices or statements that are in excess of this amount will normally be sent directly to you for payment. We expect that all statements will be timely paid. 2 of 7 www,fordliarrison.com I www,iuslaboris.com Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION E-Discovery-If necessary for the handling of this matter, we will also charge for time spent processing and loading data into any software database we may utilize to manage, review, and access evidence, for the electronic storage of any such evidence, and for the services of our litigation support personnel. Generally, you should assume we will utilize these services for any litigation matter. I will be happy to provide you with information regarding our fees for these services upon your request. Attorney Fee Awards -- In some matters, it is possible the Court, an Agency, or an arbitrator may order the opposing party to pay all or a portion of your attorney fees and costs. In such a matter, if those fees are paid to us, we will credit the amount against any outstanding balances you may owe us. You will remain responsible for any remaining balance owed. If you are ordered to pay the attorney fees and/or costs incurred by the opposing party, you will be required to pay those fees separate and apart from, and in addition to, any amounts due us. Zealous Representation, but No Guarantees The American Bar Association's Model Rules of Professional Conduct and most state bar associations require us, as advocates on your behalf, to represent your interests zealously. We take our obligations seriously and will always strive to protect your interests to the best of our abilities. However, neither we nor any other law firm can guarantee the success of any given venture or the outcome of any legal dispute. Although we will do our best to provide you with our opinion, when requested, about the possible outcome of any matter in which we represent you, our opinion can never equate to a guarantee of success. Likewise, we cannot guarantee in advance what your total fees may be in this litigation. During the course of this litigation, we may be required to comment on the projected costs and fees involved or you may ask us to submit one or more budgets to you. Although we make every effort to be accurate, you agree that these projections and budgets,as well as any other comments we may make in this context, are not guarantees. Your Obligations to Us In addition to your duty to pay our invoices timely, we expect that you will assist us and cooperate with us to the greatest extent possible in the course of our 3 of 7 wwwfordharrisonxorn ( wwwAuslaboris.corn Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION representation. You agree to respond fully to any inquiries we make and to provide us necessary written materials, documents or any and all other information we require during your representation. You understand and acknowledge that failure to provide us with this information in a timely fashion could prejudice your case, increase your attorneys' fees and costs, expose you to possible court sanctions and ultimately interfere with our ability to represent you effectively. Termination of Representation We will always strive to earn and retain your business. In so doing, we will make every effort to provide you with the best client service possible. As a result, we cannot foresee any circumstances that would lead us to terminate our attorney- client relationship, except our successful completion of this representation. Nevertheless, you have the right to terminate our relationship at any time and for any reason. Likewise, we retain the right to discontinue work on pending matters or terminate our attorney-client relationship at any time for any reason, subject to our giving you reasonable notice to obtain alternative counsel. In particular, we reserve the right to stop working on any or all pending matters or to terminate our attorney- client relationship when an invoice remains due and unpaid 60 days after it has been sent, at any time we feel our relationship with you puts us in violation of the applicable Rules of Professional Conduct, or at any time termination is required or permitted by law. Under these circumstances, you agree not to contest our withdrawal from any court or administrative proceeding. Your Property You own all files and/or documents retained at our firm that related to your representation, except for our internal and/or administrative documents, such as attorney and paralegal time sheets. You may access these materials at any reasonable time, and upon termination of our relationship, you may withdraw these materials at any time with prior written notice to us. We reserve the right to make a copy of any files and/or documents you wish to remove at your expense. We will usually destroy all files 10 years after the cessation of representation in a matter unless you request their return. 4 of 7 wwwfordharflson,com I www,iuslabori ,corn Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION Disputes Generally, we try to operate on the principle that "the client is always right." In the event a dispute arises between us, you may be assured that we will make every reasonable effort to resolve it to your satisfaction. For this reason, we encourage you to bring any concerns you may have regarding our representation, including,but not limited to the quality of our work, the adequacy of our representation or the fees we charge to our attention promptly. Nevertheless, we recognize that a dispute may arise that is not subject to an amicable resolution despite the good faith efforts by all involved. Final and Binding Arbitration - You and we agree that all disputes regarding our legal services provided pursuant to this agreement or otherwise will be submitted exclusively to final and binding arbitration as described below. In addition, you and we agree that such disputes regarding our legal services that may be advanced properly through the appropriate Bar association's mandatory dispute resolution procedures may first proceed through those procedures, though if waived or when exhausted, these disputes shall also be subject to final and binding arbitration as described below. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures and in accordance with the Expedited Procedures in those Rules (or pursuant to JAMS' Streamlined Arbitration Rules and Procedures for matters with less than $250,000.00 in dispute). Judgment on the Award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. No Jury Trial - For the most part, arbitration is faster and less expensive that civil litigation; however,there is no right to a jury trial, and the arbitrator's legal and factual determinations are generally not subject to appellate review. Arbitrator Selection Process — It is further agreed and understood that initial resort to the courts by either party shall not be considered a waiver of that party's right to compel binding arbitration under this provision. When the amount in controversy is $100,000 or greater, each side will select an arbitrator. Those arbitrators shall then select a retired judge or justice as a neutral arbitrator. The three arbitrators shall decide all disputed matters and render an award. When the amount 5 of 7 www.fordharrison,corn I wwwiuslabods,corn Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION in controversy is less than$100,000, a single neutral arbitrator who shall be a retired judge or justice shall decide the matter. Arbitration Procedure - Any arbitration arising out of or related to this Agreement shall be conducted in accordance with the expedited procedures set forth in the JAMS Comprehensive Arbitration Rules and Procedures as those Rules exist on the effective date of this Agreement, including Rules 16.1 and 16.2 of those Rules. Venue - Any legal action or arbitral proceeding hereunder shall be commenced where the firm performed the majority of the legal services that are subject to the dispute or where payment of fees and costs for those services is due. Applicable Law - Arbitration shall be in accordance with the law of the state in which the proceedings are commenced. Attorneys' Fees and Costs - Each side shall bear its own attorney fees and costs incurred as the result of any arbitral or civil litigation arising from a dispute under this agreement. Right to Independent Counsel--- You have the right to discuss this agreement, including the pros and cons of arbitration with us or with independent counsel or with any other advisor you may have. We encourage you to ask any questions you may have prior to signing this agreement. Acknowledgment Please sign and date this agreement and return it to us, keeping a signed copy for your records. We appreciate the confidence you have in our firm and we look forward to working with you. cerely, RISTINE D. HANL, Y CDH/rmg 6 of 7 wwwfordharrison-coo I wwwjuslabods.corn Boynton Beach Community Redevelopment Agency BY E-MAIL ONLY February 23,2018 PRIVILEGED&CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION )MROID, ACCEPTEffD AGREED TO THIS 13 DAY OF 20 Boynton Beach Community Redevelopment Agency Member of the Board 7 of 7 wwwfordharrison,com I www.Juslaboris,corn leis Laboris USA Global HR Lawyers 14150 Centrepark Boulevard I Suite 325 'West Palm Beach, Florida 33401 FordHarrison Tel 561-345-7,5500 1 Fax,561-345-7501 'Nnter's Direct Contact: DAVID M GOBEO 561-345-7512 dgobeo@fofdharnson,corTi CHRISTINE D.HANLEY 561-345-7502 February 13, 2019 chane ey@fordharrison.corn VIA E-MAIL Tara Duhy, Esq. Boynton Beach Community Redevelopment Agency c/o Lewis, Longman &Walker, P.A. 515 North Flagler Dr., Suite 1500 West Palm Beach, FL 33401 Dear Ms. Duhy: Re: Boynton Beach Community Redevelopment Agency On February 8,2019, Bari L. Goldstein left FordHarrison to join the law firm of Ward Damon in West Palm Beach. As you worked with Ms. Goldstein from time to time, we are required by the Rules Regulating the Florida Bar to inform you that you may choose to have Ms. Goldstein represent you on a forward basis, or you may have our firm, FordHarrison, continue to represent you, or you may choose to retain an entirely new lawyer. If you wish to have Ms. Goldstein or a new lawyer represent you, arrangements to secure your outstanding account with us must be made before the file may be released to Ms. Goldstein or a new lawyer. Please consider your options and advise us, as quickly as possible, of your decision. Please indicate your choice below and return a signed and dated copy to me at dgobeo@fordharrison.com. Please retain an additional copy of this designation letter for your records. In every case, we wish to ensure that your interests continue to be properly represented. Sincerely, FORDHARRISON LLP qDavid M. Gobeo Stine D. Hanley www.fordharrison.com I www.iuslaboris.com Tara Duhy, Esq. Boynton Beach Community Redevelopment Agency February 13, 2019 Instructions: "I I wish my file to stay with FordHarrison. 1 I wish my file and trust account balance to be transferred to Bari L. Goldstein. Please send my files, including all electronic data, to Bari L. Goldstein at Ward Damon, 4420 Beacon Circle, West Palm Beach, FL 33407; 561-842-3000. " I [or my EPLI carrier] will retain new counsel and have them contact FordHarrison. Printed Name Signature ON BEHALF OF Boynton Beach Community Redevelopment Agency Date ................._._._ ......... ._._. ___ .......... 2 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 OLD BUSINESS AGENDAITEM: 14.A. SUBJECT: Consideration of Grant Agreement with Habitat for Humanity of South Palm Beach County for the Boynton Beach CRA FY2018-19 (Winter) Nonprofit Organization Grant Program SUMMARY: On February 12, 2019, the CRA Board approved a grant in the amount of $75,000 to support the Habitat for Humanity of South Palm Beach County's (HFHSPBC) Increasing the Quality of Life Program. The grant funds will be used to to build three single-family dwelling units (one Villa with two attached units located at 123 and 127 NE 12th Avenue and one detached single-family home located at 110 NW 6th Avenue), complete three neighborhood revitalizing projects (including home renovations and critical repairs), conducting home ownership and home building/home maintenance education workshops, and leveraging volunteers and public/private/nonprofit donations. The HFHSPBC's program/project is aligned with the affordable and workforce housing goals of the Nonprofit Organization Grant Program (NOGP) by contributing to the City's affordable housing stock and providing a direct benefit the stakeholders within the CRA area since the units are located within the CRA area. The attached draft agreement specifies the Scope of Work, Results, Deliverables, and the Reporting and Reimbursement schedule for the program/project to ensure the successful implementation of the Increasing the Quality of Life Program and consistency with the NOGP requirements in furtherance of the CRA Plan (see Attachment 1). FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund 02-58500-470, $75,000. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAAB RECOMMENDATION: At their February 7, 2019 meeting, the CRAAB recommended approval of the application and funding request as submitted by the Habitat for Humanity of South Palm Beach County (HFHSPBC) in the amount not to exceed $75,000 over a funding period of twelve months under the Nonprofit Organization Grant Program (NOGP). CRA BOARD OPTIONS: 1. Approve the Habitat for Humanity of South Palm Beach County's (HFHSPBC) Grant Agreement for the Boynton Beach CRA Nonprofit Organization Grant Program (NOGP) in the amount not to exceed $75,000 over a period of twelve months. 2. Do not approve the Habitat for Humanity of South Palm Beach County's (HFHSPBC) Grant Agreement for the Boynton Beach CRA Nonprofit Organization Grant Program (NOGP) in the amount not to exceed $75,000 over a period of twelve months. 3. The Board may approve modifications to the Habitat for Humanity of South Palm Beach County's (HFHSPBC) Grant Agreement based upon review and discussion. ATTACHMENTS: Description D Attachment I - HFHSPBC FY 2018 -2019 NOGP (Winter) Grant Agreement AGREEMENT TO FUND THE INCREASING THE QUALITY OF LIFE PROGRAM OF HABITAT FOR HUMANITY INTERNATIONAL d/b/a HABITAT FOR HUMANITY OF SOUTH PALM BEACH COUNTY This Agreement for the funding of the construction and maintenance of affordable housing units ("Agreement") is entered into by and between the: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ("CRA"), a public agency created pursuant to Chapter 163, Part III, Florida Statutes, with a business address of 710 North Federal Highway, Boynton Beach, Florida 33435; and the HABITAT FOR HUMANITY INTERNATIONAL (d/b/a HABITAT FOR HUMANITY OF SOUTH PALM BEACH COUNTY) ("HFHSPBC"), a Florida Not-For-Profit Corporation, with a business address of 181 SE 5th Avenue Delray Beach, FL 33483. RECITALS WHEREAS, the CRA recognizes that increasing and maintaining affordable housing opportunities within the Boynton Beach Community Redevelopment Area ("CRA Area") is essential to effectuating the 2016 Boynton Beach Community Redevelopment Plan ("CRA Plan"); and WHEREAS, the CRA Board finds that the services and programs provided by the HFHSPBC further the goals and objectives of the CRA as contained in the CRA Plan, and are in the best interest of the CRA; and WHEREAS, the CRA will provide funding to the HFHSPBC, pursuant to the terms and conditions of this Agreement, in order to assist the HFHSPBC with activities that address the goals and objectives contained in the CRA Plan, and the needs and priorities defined by the CRA in the CRA's Nonprofit Organization Grant Program (NOGP); and WHEREAS, HFHSPBC applied for and was awarded a grant under the NOGP in accordance with the procedures specified in the NOGP; and WHEREAS, the CRA finds that this Agreement serves a municipal and public purpose, is in furtherance of the CRA Plan, and conforms with the requirements of Florida law; and WHEREAS, The Increasing the Quality of Life Program meets the CRA's objective of providing new and maintaining existing affordable housing within the CRA Area per Chapter 163, Part III, Florida Statutes and will further the objectives of the CRA Plan; and WHEREAS, the CRA Board approved the Fiscal Year 2018-2019 budget at the September 11, 2018 meeting, which included funding the Nonprofit Organization Grant Program (NOGP), and on February 12, 2019, the CRA Board authorized funding within the NOGP budget line item for the Affordable and Workforce Housing category of the NOGP to support eligible nonprofit organizations with projects and programs that will create and/or maintain affordable and workforce housing opportunities in the CRA Area and further the CRA Plan; 01105638-1 Page 2 of 18 NOW THEREFORE in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows: Section 1. Incorporation. The foregoing recitals and all other information above are true and correct at the time of the execution of this Agreement and are hereby incorporated herein as if fully set forth. Section 2. _Effective Date. This Agreement shall be effective on the date the last party to sign executes this Agreement ("Effective Date"). Section 3. Goals of the HFHSPBC The Increasi ig the Quality of Life Pro ram Funded by the CRA. A goal of the NOGP, in furtherance of the CRA Plan as it may exist from time to time, is to provide affordable and workforce housing opportunities in the CRA Area. HFHSPBC will assist with this effort through the construction of new affordable housing units and maintenance of existing affordable housing units in the CRA Area. This Agreement shall be interpreted to further these goals and the CRA Plan. Section 4. Requirements A. Scope_of Work. HFHSPBC will construct three (3) new affordable housing units (located at 123 & 127 NE 12th Avenue, Boynton Beach, FL 33435 and 110 NW 6th Avenue, Boynton Beach, FL 33435), complete three (3) Neighborhood Revitalization projects in the Heart of Boynton Beach, and conduct life skills and/or homeownership and maintenance workshop or training within the term of this Agreement. Collectively, these will be referred to as Increasing the Quality of Life Program or the "Project". B. Eligibility. The parties agree that existing and prospective residents within the City of Boynton Beach shall be eligible for all aspects of the Project. C. Results and Deliverables. HFHSPBC will: 1. Provide a report ("Quarterly Report") to the CRA according to the schedule in Section 4.D of this Agreement. Failure to submit a Quarterly Report constitutes an event of default pursuant to this Agreement and renders HFHSPBC ineligible to receive funding pursuant to this Agreement unless or until such default is cured in accordance with Section 13.K of this Agreement. The CRA will not process requests for reimbursement until the default is cured. The Quarterly Report must contain an update on each item listed in this Paragraph 4.0 (Results and Deliverables). 2. Implement the Outputs and Outcomes as identified in the HFHSPBC's NOGP Project/Program Model and Funding Evaluation Plan (attached hereto as Exhibit "A" and hereby incorporated herein) by March 31, 2020. With each Quarterly Report, HFHSPBC will provide evidence to the CRA of the delivery of new affordable housing units or improved properties by submitting at minimum, copies of all issued building permits, copies of all closed building permits, and before and after photographs of each of the improvements for which HFHSPBC seeks reimbursement. For each project or undertaking that is required by law or ordinance to obtain a Certification of Occupancy or a Certificate of Completion in order to be occupied, each Quarterly Report must also contain copies of all Certifications of Occupancy and/or a Certificates of Completion. The CRA will not make final payment to HFHSPBC for reimbursement of expenditures related to the construction of new affordable housing units unless or until copies of Certificates of Occupancy 01105638-1 Page 3 of 18 and/or a Certificates of Completion have been provided to the CRA for each new unit. Copies of the Certifications of Occupancy and/or a Certifications of Completion must be submitted no later than April 15, 2020 in order for HFHSPBC to remain eligible for reimbursement of those expenses. 3. Conduct quarterly life skills and/or home ownership and maintenance workshops/training. HFHSPBC will submit with each Quarterly Report copies of sign-in sheets from the workshops or trainings. The sign-in sheets must include the following information: a. Name, type, and description of each workshop or training, including the date, location and time of each workshop or training. b. Name, address, and telephone number of participant(s). 4. Create a cumulative list ("Client List") of Project participants and beneficiaries ("clients") and provide proof of residency for all clients as of March 1, 2019. Acceptable forms of proof of residency include driver's licenses, utilities bill, and other forms of proof the CRA deems acceptable. The Client List must indicate whether each client is existing or new and if any Project client on a previous report or Client List has dropped out of The Increasing the Quality of Life Program. After the first Quarterly Report, HFHSPBC shall be required to submit proof of residency documents only for new Project clients. 5. Make active efforts to ensure that the Project clients reside in or intend to live within the CRA Area, and provide written or marketing materials used to meet this goal. HFHSPBC will provide an update on progress towards this goal in each Quarterly Report. 6. Obtain and provide to the CRA data on the residents of the Project, which shall include but not limited to residents' name, address, phone number, household income range, household size, occupation, age, gender, and race of Project clients, and other summary data related to affordable housing impact in the CRA area. 7. Provide financial statements for the Project. HFHSPBC will hire, at its own expense, an independent Certified Public Accountant to provide the CRA with a review of the most recent Financial Statement Review for the Project. The review must be submitted to the CRA as soon as completed and prior to any additional funding consideration by the CRA. Failure to submit the review constitutes an event of default pursuant to this Agreement and renders HFHSPBC ineligible to receive funding pursuant to this Agreement unless or until such default is cured in accordance with section 13.K. of this Agreement. Quarterly financial statements are due on the schedule outlined in Section 4.D of this Agreement. This paragraph shall not be read to require financial statements from all Project clients. 8. Undertake Project marketing outreach activities to recruit participants who are new or existing residents. Marketing efforts will be towards persons who are existing or prospective residents of the City of Boynton Beach, with an enhanced effort to reach existing or prospective residents in the CRA Area. Recruitment of participants for the Project will be from word of mouth, direct marketing, publicity mailings, email, press releases, attendance at local business and housing events, and referrals by the local Boynton Beach community organizations. HFHSPBC shall provide copies of marketing materials with each Quarterly Report. D. Reporting and Reimbursement Requests. HFHSPBC shall provide to the CRA Quarterly Reports and requests for reimbursement according to the following schedule: 01105638-1 Page 4of18 For the period of March 14—June 30, 2019: due to CRA by July 1, 2019 July 1 —September 30, 2019: due to CRA by October 1, 2019 October 1 — December 31, 2019: due to CRA by January 6, 2020 January 1 — March 31, 2020: due to CRA by April 15, 2020 Section 5. Compensation. The CRA shall pay HFHSPBC a total of $75,000 for HFHSPBC's performance of its obligations under this Agreement. HFHSPBC will be paid quarterly in an amount of $18,750 per quarter upon formal written request by HFHSPBC. Payment is contingent upon receipt by the CRA of all Results and Deliverables listed in Section 4. Time is of the essence, and in order to receive compensation, HFHSPBC must make requests for compensation in accordance with the schedule found in Section 4.D of this Agreement. The CRA shall pay within thirty (30) days receipt of all required reports, reviews, and requests, including those evidencing compliance with this Agreement. Deadlines for reports must be strictly adhered to in order to be eligible for reimbursement by the CRA. All payments shall be in the form of a CRA check made payable to HFHSPBC. No payment made under this Agreement shall be conclusive evidence of the performance of this Agreement by HFHSPBC, either wholly or in part, and no payment shall be construed to be an acceptance of or to relieve HFHSPBC of any liability under this Agreement. Section 6. No Partnership. HFHSPBC agrees that nothing contained in this Agreement shall be deemed or construed as creating a partnership,joint venture, or employee relationship. It is specifically understood that no employer/employee or principal/agent is or shall be created nor shall exist by reason of this Agreement or HFHSPBC's performance under this Agreement. If this Agreement is deemed to empower HFHSPBC to work on behalf of the CRA, HFHSPBC shall be considered to be an independent contractor. Section 7. Termination. This Agreement will automatically terminate after the CRA has made the last payment to HFHSPBC as requested by HFHSPBC pursuant to the schedule in Section 4.D of this Agreement. This Agreement may be terminated earlier for any reason, or no reason, by the CRA upon thirty(30)days written notice of termination to HFHSPBC. Section B. Non-Discrimination. HFHSPBC agrees that no person shall, on the grounds of race, color, ancestry, disability, national origin, religion, age, familial or marital status, sex or sexual orientation, be excluded from the benefits of, or be subjected to discrimination under any activity carried on by HFHSPBC, its subcontractors, or agents, in the performance of this Agreement. In the event that the CRA is made aware that such discrimination has occurred in breach of this Agreement, it shall provide notice to HFHSPBC. Upon receipt of such notice, HFHSPBC shall have 15 days to provide evidence that it has cured the breach. The CRA will evaluate the evidence provided and determine, in its sole discretion, if the breach has been adequately cured, and if the CRA determines the breach has not been cured, the CRA shall have the right to immediately terminate this Agreement shall not be liable for any further payments to HFHSPBC pursuant to this Agreement. This Section shall not be construed so as to alter any other provisions of this Agreement concerning termination except as specifically stated in this Section. Section 9. Convicted Vendor List. As provided in Sections 287.132 — 287.133, Florida Statutes, by entering into this Agreement or performing any work in furtherance hereof, HFHSPBC certifies that it, and its affiliates, contractors, subcontractors or agents who will perform hereunder, have not been placed on the Convicted Vendor List maintained by the State of Florida Department of Management Services within thirty-six (36) months immediately preceding the date of this Agreement. 01105638-1 Page 5 of 18 Section 10. Indemnification. HFHSPBC shall indemnify, defend, save, and hold harmless the CRA, its elected officers, its agents, and its employees, from any and all claims, demands, suits, costs, damages, losses, liabilities, and expenses, sustained by any person whomsoever, which damage is direct, indirect or consequential, arising out of, or alleged to have arisen out of, or in consequence of the services furnished by or operations of HFHSPBC or its subcontractors, agents, officers, employees or independent contractors pursuant to the Agreement, specifically including, but not limited to, those caused by or arising out of any intentional act, omission, negligence or default of HFHSPBC and/or its subcontractors, agents, servants or employees in the provision of services under this Agreement. Nothing in this Agreement shall be deemed to affect the rights, privileges, and sovereign immunities of the CRA as set forth in Section 768.28, Florida Statutes. Section 11. Notice. Whenever either party desires to give notice to the other party as required under this Agreement, it must be given by written notice to the name(s) and address(es) specified in this Section, and must be sent by (i) hand delivery with a signed receipt; (ii) by a recognized national courier service; or (iii) by Certified United States Mail, with return receipt requested. Any party may change the person or address to whom notice must be directed by providing written notice to the other parties. Notices must be sent to: If to the CRA: Boynton Beach Community Redevelopment Agency Attn.: Michael Simon, Executive Director 710 North Federal Highway Boynton Beach, Florida 33435 With copy to: Tary Duhy, Esquire Lewis, Longman &Walker, P.A. 515 North Flagler Drive, Suite 1500 West Palm Beach, Florida 33401 If to HFHSPBC: Randy Nobles Habitat for Humanity International (d/b/a HFHSPBC) 181 SE 5th Avenue Delray Beach, FL 33483 Every notice shall be effective on the date actually received, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. Section 12. Waiver of Claims. The CRA shall not be responsible for any property damages or personal injury sustained by HFHSPBC from any cause whatsoever related to HFHSPBC's or CRA's performance under this Agreement, whether such damage or injury occurs before, during, or after the term of this Agreement. HFHSPBC hereby forever waives, discharges, and releases the CRA, its agents, and its employees, to the fullest extent the law allows, from any liability for any damage or injury sustained by HFHSPBC. This waiver, discharge, and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the law allows. Section 13. General Provisions. A. Entire Agreements No Modification. The CRA and HFHSPBC agree that this Agreement sets forth the entire and sole Agreement between the parties concerning the subject matter expressed herein and that there are no promises or understandings other than those stated herein. None of the provisions, terms and conditions contained in the Agreement may be added to, modified, superseded,or 01105638-1 Page 6of18 otherwise altered, except by written instrument executed by the parties hereto. All prior and contemporaneous agreements, understandings, communications, conditions or representations, of any kind or nature, oral or written, concerning the subject matter expressed herein, are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the terms of this Agreement. B. Survival. The provisions of this Agreement regarding termination, default, and indemnification shall survive termination or expiration of this Agreement and shall remain in full force and effect. C. Severability. If any provision of this Agreement or application thereof to any person or situation shall, to any extent, be held invalid or unenforceable, the remainder of this Agreement, and the application of such provisions to persons or situations other than those as to which it shall have been held invalid or unenforceable shall not be affected thereby, and shall continue in full force and effect, and be enforced to the fullest extent permitted by law. D. Headings. The Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. E. Governing Law., Jurisdiction, and Venue. The terms and provisions of this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida and the United States of America, without regard to conflict of law principles. Venue and jurisdiction shall be Palm Beach County; Florida, for all purposes, to which the Parties expressly agree and submit. F. Independent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, and each Party is advised to seek independent legal advice in connection with the matters referenced herein. G. Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion, waive any requirement of HFHSPBC contained in this Agreement. In order to be effective, such waiver must be in writing, and no waiver shall be deemed a continuing waiver unless specifically so stated. H. No Transfer. HFHSPBC shall not subcontract, assign or otherwise transfer this Agreement or any part thereof to any individual, group, agency, government, non-profit or for-profit corporation, or any other entity, without the prior, written consent of the CRA. I. Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and HFHSPBC (or in any representative capacity) as applicable, has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. J. Public Records. The CRA is a public agency subject to Chapter 119, Florida Statutes. To the extent required by law, HFHSPBC shall comply with Florida's Public Records Law. Specifically, HFHSPBC shall: 1. Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the services referenced herein; 2. Upon request from the CRA's custodian of public records, provide the CRA with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law. 01105638-1 Page 7of18 3. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if HFHSPBC does not transfer the records to the CRA. 4. Upon completion of the contract, transfer, at no cost, to the CRA all public records in possession of HFHSPBC or keep and maintain public records required by the CRA to perform-the service. If HFHSP C transfers all public records to the CRA upon completion of the contract, HFHSP C shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If HFHSP C keeps and maintains public records upon completion of the contract, HFHSP C shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the CRA, upon request from the C 's custodian of public records, in format that is compatible with the information technology systems of the CPA. IF HFHSPBC HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO HFHSPBC'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway, ida 33435; or SimonMOftfl.us. K. Default. The failure of HFHSPBC to comply with any or all of the provisions set forth in this Agreement shall constitute a Default and Breach of this Agreement. If HFHSPBC fails to cure the default within seven (7) days' notice from the CRA, the CRA may terminate the Agreement and shall not be liable for any further payments to HFHSP C pursuant to this Agreement; however, the CRA may elect, in its sole discretion, to fully or partially compensate HFHSP C for HFHSP C's partial performance under this Agreement. L. Counterparts and Transmission. To facilitate execution, this Agreement may be executed in as many counterparts as may be convenient or required, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The executed signature page(s) from each original may be joined together and attached to one such original and it shall constitute one and the same instrument. In addition, said counterparts may be transmitted electronically (i.e., via facsimile or . df format document sent via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. M. 6greement Deemedbe Drafted Jil . This Agreement shall be deemed to be drafted jointly and shall not be construed more or less favorably towards any of the parties by virtue of the fact that one party or its attorney drafted all or any part thereof. Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose of this Agreement. N. Compliance i . In its performance of this Agreement, HFHSP C shall comply in all material respects with all applicable federal and state laws and regulations and all applicable Palm Beach County, City of Boynton Beach, and CRA ordinances and regulations. 01105638-1 Page 8 of 18 IN WITNESS WHEREOF, the parties hereto have entered this Agreement on the day and year written below. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: (Witness) Print Name: Steven B. Grant, Chair Print Name: Date: (Witness) Print Name: HABITAT FOR HUMANITY INTERNATIONAL d/b/a HABITAT FOR HUMANITY OF SPOUT PALM H COUNTY) R dy N s, President & CEO (Witness) Print Name: Date: (Witness) f Print Name: 01105638-1 Page 9 of 18 EXHIBIT "A" As G 9 og rL, 7piE, ,ug ir v p E a 1:6 r- 6 C'j :M, vWK V r4 Z 6 E m TO c — w a ML IN L 8 — c - :s &� u lka- u E T Sm w A C. tic m It so wo O-C Jlz M A .20 t T - q M r! C- r g "— n ;a $0 a 5 E �u It 01105638-1 Page 10 of 18 ......................... ........... ........... F* tri rb IS, rl '23 IL 12 T 7 Q. sm. FIN fia a Al Ab 'raWE IV EL 8 AD m z C6 ta At IRL Go m L 76 IL V R7 gr .......a............................. ............. ...... Q t: 48 2 LL X 'A M t Z M� In i.- IL Page 11 of 18 ME el It f s RE LZ m i I I 1 r ie. N � ��• sir � � �" &:a � � �� 5 _ _ . ..... 72 8 w -. I & d C $ it , Page 12 of 18 n z IMF J, �. ,a,. '® ' ® `f-I a .� rl 4 Alc ua Page 13 of 18 Funding Evaluation Plan Boynton Beach Community Redevelopment Agency(CRA) Organization Habitat of Humanity of South Palm Beach Countv Contact Person Pamela Boning Project/Program Name Increasing the_Quality of Life Funding Period March 1 2019—Feb 28,2020 The Boynton Beach CRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by the Applicant(s) may be subject to production by the CRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES:The grant application program does not create any rights for any parties, including parties that performed work on the project. Nor shall issuance of a grant result in any obligation on the part of the CRA to any third party. The CRA is not required to verify that entities that have contracted with the applicant have been paid in full, or that such entities have paid any subcontractors in full. Applicant's warranty that all bills related to the Project for which the applicant is directly responsible is sufficient assurance for the CRA to award grant funding. Copy-and-paste table below to address each Key Activity included in the ProjectlProgram Model for the Program/Project PROGRAM/PROJECT: Activity#1 Build three homes in the Heart of Boynton Beach. The HFHSPBC—Increasing the Villas,123 and 127 NE 121hAvenue and one home at 110 NW 6w Quality of Life Ave. OUTPUTS/Measurable Indicators 4 Evaluation Process-Outputs: Who,Tools,When la. Three new homes will be created Who:HFHSPBC,City of Boynton Beach lb, Three new taxpayers will be created Tools:Tax Roles,Property Appraiser Website, When:By February 28,2020 OUTCOMES/Measurable Indicators 4 Evaluation Process-Outcomes: Who,Tools,When la. Decreased need for affordable housing Who:HFHSPBC,City of Boynton Beach, 1b. Reduced empty lots,slum conditions and blight Tools:Tax Roles,Property Appraiser Website, lc. Increased property values for the neighborhood Before and After Pictures,Homeowner Surveys, 1d. Higher tax base for the city of Boynton Beach When:By February 28,2020 Evaluation Plan,HFHSPBC,FY2019,1-4-2019,Page 1 of 6 Page 14 of 18 PROGRAM/PROJECT: Activity#2 Complete 3 Neighborhood Revitalization/Critical Repair HFHSPBC—Increasing the projects in the Heart of Boynton Beach Quality of Life OUTPUTS/Measurable Indicators 4 Evaluation Process-Outputs: Who,Tools,When 2a.Three homes or community assets will be repaired Who:HFHSPBC,City of Boynton Beach 2b.Three properties brought up to code in order to Tools:Tax Roles,Property Appraiser Website, remove any liens or fines. Before and After Pictures,Homeowner Surveys, 2c.Three homes can reinstate home owner insurance When:By February 28,2020 OUTCOMES/Measurable Indicators Evaluation Process-Outcomes: Who,Tools,When 2a. Increase in safe decent housing Who:HFHSPBC,City of Boynton Beach 2b.Older neighborhoods are restored with homes Tools:Tax Roles,Property Appraiser Website, having been repaired Before and After Pictures,Homeowner Surveys, 2c.Increased property values for the neighborhood. When:By February 2$,2020 2d.Slum conditions and blight will be removed from key areas of Boynton Beach ........—_. .... _. PROGRAM/PROJECT: Activity#3:Hold education workshops with financial topics like debt, HFHSPBC—Increasing the budgets,home equity borrowing to protect your asset with our financial Quality of Life partners like Bank of America and Comerica Bank ---- ----—— — _- OUTPUTS/Measurable Indicators Evaluation Process-Outputs: Who,Tools,When 3a.Ten families will be educated on financial matters Who:HFHSPBC,Partner Families,Financial such as debt management and budgeting Partners(Bank of America,Comerica Bank,PNC Bank), Tools:Education Curriculum,GiveEffect Database When:By February 28,2020 OUTCOMES/Measurable Indicators 3 Evaluation Process-Outcomes: Who,Tools,When 3a.Residents'knowledge is increased. Who:HFHSPBC,Partner Families,Financial 3b.Residents gain increased understanding of their Partners(Bank of America,Comerica Bank,PNC community and its challenges and their role Bank) 3c.Increased economic activity in the CRA Area Tools:Homeowner Surveys 3b.Diversified local economy in the CRA When:February 28,2020 PROGRAM/PROJECT: Activity#4:Hold home maintenance workshops with topics like The HFHSPBC—Increasing the ABC's of home repair,hurricane preparedness,and home weatherization Quality of Life with our retail partners Lowes and Home Depot OUTPUTS/Measurable Indicators _... _. � Evaluation Process-Outputs: Who,Tools,When Evaluation Plan,HFHSPBC,FY2019,1-4-2019,Page 2 of 6 Page 15 of 18 Who:HFHSPBC,Partner Families,Retail Partners 4a.Ten families will be educated on home repair (Home Depot&Lowes) Tools:Home Maintenance Workshop Materials, GiveEffect Database When:By February 28,2020 OUTCOMES/Measurable Indicators 3 Evaluation Process-Outcomes: Who,Tools,When 4a.Residents'knowledge and ability to care for their Who:HFHSPBC,Partner Families,Retail Partners homes is increased. (Home Depot&Lowes) 4b.Residents gain increased understanding of their Tools:Home Owner Surveys role in the community and the community s When:By February 2$,2020 challenges. 4c.Increased economic activity in the CRA Area 4b.Diversified local economy in the CRA PROGRAM/PROJECT: Activity#5:Complete one neighborhood cleanup HFHSPBC–Increasing the Quality of Life OUTPUTS/Measurable Indicators 4 Evaluation Process-Outputs: Who,Tools,When Who:HFHSPBC,Partner Families, 5a.One neighborhood's slum conditions and blight Tools:Volunteers,GiveEffect Database,surveys will be reduced. When:By February 28,2020 .. . .. ,,....., _-- ..... a, OUTCOMES/Measurable Indicators 4 Evaluation Process-Outcomes: Who,Tools,When 5a.Older neighborhoods are restored when homes Who: HFHSPBC,Partner Families have been repaired Tools:Volunteers,GiveEffect Database,surveys 5b.Increased property values for the neighborhood When:By February 28,2020 5c.Slum conditions and blight will be removed from key areas of Boynton Beach PROGRAM/PROJECT: Activity#6:Recruit and utilize volunteers from area businesses,faith HFHSPBC-The Door to based and civic organizations and schools to complete build days,repair Sustainability projects or neighborhood cleanup ......._ — OUTPUTS/Measurable Indicators 4 Evaluation Process-Outputs: Who,Tools,When 6a.500 volunteers will participate in Habitat events to Who:HFHSPBC,Businesses,Faith Based&Civic build new homes or repair existing homes or Organizations,Schools,Community Groups, community assets Tools:GivEffect Database,Recruitment Tools 6b.5 companies will participate in Team Build days (social media,community events,website) contributing to the well-being of their community 6c. 5 organizations will participate in repair projects contributing to the well-being of their community When:By February 2$,2020 6d.2 organizations will participate in a neighborhood cleanup contributing to the well-being of their community Evaluation Plan,HFHSPBC,FY2019,1-1-2019,Page 3 of 6 Page 16 of 18 -- ---- . OUTCOMES/Measurable Indicators + Evaluation Process-Outcomes: Who,Tools,When 6a.HFHSPBC will fund raise$10,000 for future Who:HFHSPBC,Businesses,Faith Based&Civic projects through Team Build activities. Organizations,Schools,Community Groups, 6b.The community will become more aware of Tools:GivEffect Database,Recruitment Tools the need for safe,decent,affordable housing as (social media,community events,website) they participate in Habitat events 6c.Older neighborhoods are restored when older When:By February 28,2020 homes have been repaired 6d.Increased property values for the neighborhood 6e.Slum and blight will be removed from areas of Boynton Beach Narrative response: 1. Describe input,if any,to this Evaluation Plan,or the Project/Program Model(s)on which it is based, from outside consultants,staff,Board,funders,clients,or other organization stakeholders. HFHSPBC works on the goals for the affiliate as a team involving our staff and board. We use input from surveys we receive from our partner families and volunteers to improve our processes, our education curriculum,and to review and make changes to all parts of our program as necessary.We benefit from the experience of Habitat International, and partner with our foundation, private and corporate funders,and community partners to put our plans into action. Does the organization engage in other evaluation activities and reporting? If so, describe briefly. HFHSPBC reports monthly to our board on the affiliate's accomplishments against our annual goals for home construction,repairs,fundraising,mortgages,families served,volunteers engaged(groups, Team Builds, community events. We also report to Habitat for Humanity International quarterly on the same accomplishments. To satisfy the needs of our funders and the community at large that supports our work, we provide annual reports of our progress against the goals we have set. We routinely measure partner family and volunteer satisfaction through survey tools. Outcomes of the surveys are used to make alterations in our programs. 2. Will any additional cost be incurred to implement this Evaluation Plan? _Yes X No If yes, describe specific items and amounts. Our current budget includes the cost of our database and its operation to track and measure several deliverables. We also are currently budgeted for an outside consulting source as needed to design and complete more comprehensive evaluation tools. 3. If applicable,have additional costs been included in the project/program budget? Evaluation Plan,HFHSPBC,FY2019,1-4-2019,Page 4 of 6 Page 17 of 18 4. Who will be responsible for coordinating the evaluation process and preparing quarterly/annual reports? Pamela Bonina:Director,Grants&Administration 5. How will evaluation data be used for internal performance improvement? HFHSPBC will utilize evaluative data measure our progress toward goals we have set for this project including the outcomes that involve our participant families.We will then utilize the outcomes data to make needed changes to improve our program and our relationships with our several partners. 6. Will evaluation data/reports be shared with organization staff? Yes 7. Will evaluation data/reports be shared with the organization's Board of Directors? Yes 8. The Boynton Beach CRA requires that evaluation data relative to CRA support be reported quarterly and at the end of the year. Will the data/reports be shared with other funders? HFHSPBC routinely shares outcomes results of our projects with our board, the funders, our community partners, and the public. Analyzing outcomes ensures that the primary goals of the projects are met,and we use what we have learned to expand our capacity to make a positive impact in our service area. 9. Who are other organization stakeholders? Will evaluation data/reports be shared with them? Our organizational stakeholders include our staff,board,volunteers,corporate partners,funders and the community-at-large. HFHSPBC shares family outcomes, community project and partnership outcomes with the general public via social media, PR opportunities through print and electronic media.We further share through reporting tools our official outcomes with our staff,board, funders and community partners. Our goal is to keep safe, decent, affordable housing at the forefront until we live in a world where everyone has a decent place to live. CERTIFICATION AND WAIVER OF PRIVACY: I, the undersigned applicants), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Nonprofit Organization Grant Program, and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Nonprofit Organization Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance,and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I understand that the Evaluation Plan,HFHSPBC,FY2019,114-2019,Page 5 of 6 Page 18 of 18 purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved,I understand that the CRA may,at its sole discretion, discontinue subsidy payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer in furtherance of the Boynton Beach Community Redevelopment Plan. I hereby waive my rights under the privacy and confidentiality provision act,and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein.I further grant permission,and authorize any bank,employers or other public or private agency to disclose information deemed necessary to complete this application. I give permission to the Boynton Beach Community Redevelopment Agency or its agents to take photos of myself and business to be used to promote the program. Signatures below indicate approval of and commitment to this Evaluation Plan and the Project/Program Model on which it is based. 41"'hainx. "h1�tutive Signature Datet,Bot d of Directors Date Randy Nobles _ Scott,Sullivan Printed Name/Title Printed Name Attachment: Project/Program Model Evaluation Plan,TUB SPBC,PY2019,1-4-2019,Page 6 of 6 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 OLD BUSINESS AGENDAITEM: 14.13. SUBJECT: Consideration of the Contract for the 2019 Pirate Fest and Mermaid Splash Management Firm, Standing Ovations, LLC SUMMARY: For the past two years, the CRA has contracted with Standing Ovations, LLC, a professional event management firm, to assist staff with the planning and execution of the agency's Haunted Pirate Fest and Mermaid Splash event. While under contract with the CRA, Standing Ovations LLC has continuously displayed exemplary professionalism in every facet outlined within their scope of work, completed each task as directed, and exceeded expectations in every aspect of the contract. Staff would like to recommend renewal of the Standing Ovations, LLC agreement in the amount of $41,500, which is $1,000 less than the 2018 agreement. The agreement (Attachment 1) has been reviewed and approved by CRA legal counsel. The company will provide a variety of professional services, including but not limited to: • Coordination of event and on-site staff and vendor logistics • Assistance with maintenance of event production schedule • Vendor Relations and Management • Volunteer Relations and Management • Operations Management • On-site LaborAssistance and Management FISCAL IMPACT: FY2018-2019 Budget, Project Fund Line Item 02-58500-480, $41,500 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Approve the renewal Contract Agreement with Standing Ovations, LLC in the amount of $41,500 to provide additional Event Mangement Services for the 2019 Haunted Pirate Fest and Mermaid Splash event. 2. Do not approve the Contract Agreement with Standing Ovations, LLC in the amount of $41,500 to provide additional Event Mangement Services for the 2019 Haunted Pirate Fest and Mermaid Splash event. 3. The Board may approve modifications to the Standing Ovations, LLC Contract Agreement based upon review and discussion. ATTACHMENTS: Description D Attachment I -Standing Ovations Agreement BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY CONTRACTOR RENEWAL AND AMENDMENT AGREEMENT The Contractor Agreement dated March, 2018 attached hereto as Exhibit A (hereinafter "Agreement") is hereby renewed and amended through this Contractor Renewal and Amendment Agreement ("Renewal Agreement") made by and between Standing Ovations, LLC (hereinafter the "Contractor") and the Boynton Beach Community Redevelopment Agency, located at 710 N. Federal Highway, Boynton Beach, Florida 33435 (hereinafter the "CRA") (collectively the"Parties"). WHEREAS, the CRA is in need of Contractor Services for The 2019 8th Annual Boynton Beach Haunted Pirate Fest& Mermaid Splash,which will take place at the time and location described below, (hereinafter"Event"); and WHEREAS, the Event will be held for a proper municipal purpose and is in the interest of the public and in furtherance of the CRA Plan; and WHEREAS, the Contractor has the knowledge, ability, and equipment to provide Contractor services at the Event; and WHEREAS,the Parties previously entered into the Agreement; and WHEREAS, the Agreement provides that the CRA may renew the Agreement, and the Parties desire to do so; and WHEREAS,the Event will be in a different location than specified in the Agreement; NOW THEREFORE, in consideration of the mutual covenants and promises set forth herein,the sufficiency of which both Parties acknowledge,the Parties agree as follows: 1. Incorporation. The recitals above and all other information above are hereby incorporated herein as if fully set forth. H. Renewal of Agreement. The Agreement is hereby renewed to govern the Parties for the 2019 8th Annual Boynton Beach Haunted Pirate Fest and Mermaid Splash, as permitted by Paragraph 34(b) of the Agreement. The renewal is subject to the amendments to the Agreement contained in this Renewal Agreement. III. Event. The Parties agree that as of the effective date of the Renewal Agreement, any reference in the Agreement to the "Event" is understood to be the 2019 8th Annual Boynton Beach Haunted Pirate Fest&Mermaid Splash. IV. Alteration of Terms. The terms of the Agreement remain in full force and effect, except for those terms amended by this Renewal Agreement. Amendments to the Agreement are shown as follows: additions are shown in underlined format; deletions are shown in strikethrough format. Specifically,the paragraphs and subparagraphs from the Agreement identified below shall be amended as follows: 01102124-1 3) d. Contractor shall work within the budgetary constraints of the event set by the CRA Board for the fiscal year 284-82019/2020 or as provided by the Program Coordinator. in. No later than4uae 30-2^, 04-v July 1, 2019, Contractor shall provide to the CRA for approval: i. An updated site plan for the Event; ii. Outlined suggestions to enhance the volunteer program; iii. Outlined suggestions to enhance the CRA's existing sponsorship packet; iv. Permit request for the City of Boynton Beach; v. Quotes for core equipment rentals, such as stages,tents,barricades, audio, radios, golf carts, ATM's, trolley's, port-o-lets, generators, and light towers; and vi. Preliminary database of participants and key contacts. n. No Later than September "'�5-23, 2019, Contractor shall provide to the CRA for approval: i. Proof of all required insurance from service providers; ii. A production schedule inclusive of load-in, load-out, event operations, run of show, and breakdown of event; iii. A signage plan; iv. Copies of proposed contracts with service providers sufficient to demonstrate to the CRA that Contractor is able to ensure adequate staffing, appropriate scheduling, and other logistical needs are met during the Event; and v. Proof that Contractor has obtained all necessary event permits from all entities, including an umbrella permit for the Event from the City of Boynton Beach, and is sufficiently managing all vendor permit needs. 4)Approximate length of Contractor Services. From March 241-8-2019 to December 15,22019 5)Dates and Times of the Event. Dates: Between the hours of- October fOctober 26,2018 2019 11 A.M. and 9 P.M. October 27,241-9-2019 11 A.M. and 6 P.M. Location. 42.9-East Ocean Avenue, Beynten Beaeh, FL 3 , between Seaer-est Beale -NE 3rd Street and Federal Highway in Boynton Beach.FL. 01102124-1 6) Compensation. The CRA shall pay the Contractor for the performance of the Contractor Services as follows: a. The CRA shall pay the Contractor a total of $4241,500 (hereinafter, "Compensation") for the performance of the Contractor Services, as described herein,which sum shall be paid as follows: First Payment shall be $10,000, payable at the time of execution of the Renewal Agreement,provided that the Contractor has provided the CRA with the tax forms required by this Agreement. Second Payment shall be $5,625, payable on May 18, 2 IS--2019, provided Contactor is performing under this Agreement. Third Payment shall be $5,625, payable on July 18, 2418-2019, provided Contactor has submitted the contract deliverables due June 3Q, 20 8-July 1. 2019 and is performing under this Agreement. Fourth Payment shall be $5,625, payable on August 18, 2018-2019, provided Contactor is performing under this Agreement. Fifth Payment shall be $5,625, payable on September 2424, 241-8-2019 provided Contractor has submitted contract deliverables due September 2823, 294$2019 and is performing under this Agreement. Final Payment shall be $489,000, payable upon completion of the Contractor Services provided that the Contractor has submitted all paperwork required by the CRA and described in this Agreement, and has performed as otherwise required by this Agreement. 34) b. Prior to the termination of this Agreement, the CRA may, at its option,renew this Agreement for the 2019 8th Annual Boynton Beach Haunted Pirate Fest and Mermaid Splash (2019 Event) by providing written notice of renewal to Contractor. Contingent on the success of the Event, Contractor will be eligible for a three percent (3%) rate increase upon renewal for the 2#t9 2020 Event. If the CRA renews this Agreement, only the dates (including the fiscal year referenced in subparagraph 3(b)), times of the Event, and amount of compensation in this Agreement may be altered, unless other alterations or amendments are aigeed uj29n by the Parties. Allam alterations must be accomplished through written agreement of the Parties. Only those terms specified in such written agreement will considered altered by the renewal. If the pParties fail to agree to such altered terms within 60 days of the written notice of renewal by the CRA, the renewal will be considered void and the Agreement will be considered terminated. 01102124-1 V. Effective Date of Renewal Agreement. This Renewal Agreement will become effective at the date and time that the last parry signs this Renewal Agreement. The Agreement, as amended by and including this Renewal Agreement,will automatically terminate after the performance of the Contractor Services and payment by the CRA, or on January 1, 2020, whichever occurs first. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the tiny and year Writtcti elow. f , f B y�. Date: Authorized,Re esentative for Contractor. Print Name: -`' i ----------- Witness • Date: Witness By: Date: Authorized Representative for CRA Print Name: Witness: Date: Witness Name: 01102124-1 CERTIFICATION OF NON-SCRUTINIZED COMPANY 9*DmiL�-1vnD .�L,� �Contractor,hereby certifies that it is not on the Scrutinized Companies that Boycott Israel List created pursuant to Section 215.4725,Florida Statutes, and is not engaged in a boycott of Israel. If the CRA determines that this certification is falsified or contains false statements, or that Contractor is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the execution of the Agreement,the CRA may terminate the Agreement. STANDING OVATIONS;LLC. B�° w Stewart Au jl e Title: Date:. STATE OFL �C(C�, COUNTY OF_ Pa-I SWORN TO and subscribed before me this day of _AACL41� w 20 by S-- Wmm V1� Such person (Notary Public must check applicable box): [ ) is personally known to me [ ] produced their current driver license [ ] produced__... as identification. (NOTARY PUBLIC SEAL) Notary Public (Printed,Typed or Stamped Name of Notary Public) y Mercedes Coppin NOTARY PUBLIC ' STATE OF FLORIDA '-' Comm GG116242 INCE . Expires 6/19/2021 01101961-1 � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 OLD BUSINESS AGENDAITEM: 14.C. SUBJECT: Discussion of the Goals and Objectives of the Neighborhood Officer Program SUMMARY: The partnership between the CRA and the Boynton Beach Police Department for the operation and funding of the Neighborhood Officer Program (NOP) is entering its fourth year. The NOP has been successful in building community relationships, identifying and interacting with key stakeholders, providing information and outreach to the neighborhoods within the CRA District, and creating greater trust between the community and the Police Department. At their August 12, 2018 meeting, the CRA Board discussed their commitment to the Program and wanted staff to review the NOP's current goals and objectives for Fiscal Year 2018-2019 (Attachment 1) with newly hired Chief Gregory and Police Personnel responsible for the management and implementation of the program. Chief Gregory will be attending the CRA Board meeting to present his six month assessment of the NOP and his recommendations for the future of the program. FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund, Line Item 02-58500-46, $370,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan, Goals and Principles and Implementation Guide (Pages 33 and 131) CRA BOARD OPTIONS: 1. Approve the goals and objectives as presented for the 2018-2019 Neighborhood Officer Program. 2. Modify and approve the goals and objectives for the 2018-2019 Neighborhood Officer Program. ATTACHMENTS: Description D Attachment I -2018-2019 NOP Program Goals & Objectives D Attachment II - FY 2018-2019 NOP Budget t t@t}1F t ` ts /mw*% pft tj RA wmmmt5EA(�H Itis, BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY NEIGHBORHOOD OFFICER POLICING PROGRAM 2018-2019 r,m 1 Community Oriented Policing Defined Community policing definitions typically focus on three components that characterize many programs: some level of community involvement and consultation; decentralization, often increasing discretion to line-level officers; and problem solving. Because community policing is focused on close collaboration with the community and addressing community problems, it has often been seen as an effective way to increase citizen satisfaction and enhance the legitimacy of the police and the evidence is supportive in this regard. A major goal of this proposed neighborhood officer program is to cultivate high levels of mutual trust, understanding and respect between police and the residents of the neighborhoods they patrol. In order to achieve this, it is necessary that these community partners develop relationships which transcend the confines of ordinary community policing activities and instead focuses upon building sustainable problem solving partnerships. Additionally, the building of problem solving partnerships and substantive relationships with invested members of the community will lead to a greater understanding of some of the challenges members of the public face and help the police department garner unique insights which might aid in addressing these challenges. This program helps effectively integrate police personnel into the fabric of our community. Reducing crime and disorder and improving the quality of life within historically plighted neighborhoods requires the development of these types of productive and meaningful relationships between citizens and representatives of their local government. As the most visible and accessible municipal agency, police personnel are uniquely postured to serve as a catalyst to an array of city services, community resources and organizations which can aid those in need as they work to better their circumstances and work in concert with other community partners to confront the challenges they identify within the community. Boynton Beach Community Redevelopment "Neighborhood Officer Policing Program" The Boynton Beach Police Department shall make all necessary efforts to achieve the following Program Goals: • Hold monthly meetings within the Heart of Boynton. • Increase CSI — SmartWater® deployment in the Heart of Boynton by 20%. • Partner with the Boynton Beach Parks and Recreation Department to exercise, play, and mentor children that reside in the Heart of Boynton dubbed Sweat with a Cop and grow participation in the program by 50% in FY18/19. • Achieve an 80% success rate in 80% of the goals set within FY18/19. 2 The Boynton Beach Police Department shall implement the following activities in order to achieve the goals of the Neighborhood Officer Policing Program • Police personnel assigned to this Program will be assigned within the Heart of Boynton community with a specific geographical emphasis on the east and west portions of Martin Luther King, Jr. Blvd. • Assist with public education and crime prevention within the Heart of Boynton. • Identify neighborhood specific problems and help with the coordination of other City services to resolve the issues. • Deploy the mobile Automated License Plate Reader (ALPR) as an intelligence gathering platform which will be managed by the Police Department for investigative purposes and to promote traffic safety. • On a quarterly basis, the Police Department shall provide the CRA with crime statistics for the Heart of Boynton, non-law enforcement sensitive ALPR data, area along with a GIS map identifying where crimes are occurring in the area. • Police personnel assigned to this unit shall patrol: (a) on foot, (b) on bicycle, or (c) on Segway vehicles, or(d) on golf carts. As a general rule, marked patrol vehicles should not be used unless operationally necessary and approved by command personnel. • Police personnel assigned to this function shall work a minimum of 40 hours a week. Thirty of these hours should be spent in the community, building relationships, collecting information and providing resources and information to residents and business owners who seek to promote positive change within their neighborhood. Specific emphasis should be given to those actions which will contribute to the attainment of the goals established with community partners. • The schedule for these Police personnel shall not be set, established or publically posted. Their presence should be anticipated at anytime by those who may be disrupted by their integration into the neighborhood. • Police personnel assigned to this function will be furnished with either cell phones or, at minimum, voicemail accounts, which will be used to correspond with police personnel directly. CRA staff shall be provided with a list of these phone numbers and protocol for telephone contact or dissemination of information by the CRA to the Officers assigned to the Program. • CRA staff shall be informed of the Neighborhood Officers hours on a regular basis. • The CRA shall be provided with an organizational chart of the Officers assigned to the Program listing rank, badge numbers and years of service. • The CRA shall be provided a quarterly written report outlining the following: o Hours worked by the Program Officer o Name, rank and badge number of Program officers who have worked the Program during the reporting period. o Activities undertaken to achieve the goals of the Program o Crime statistics for the reporting period. • At the end of the third year of the Program, the Police Department shall provide a written report summarizing the goals achieved along with a crime statistics report and associated 3 map. Included in the report shall be recommendations for Program changes for the next fiscal year. • Funding for the Neighbor Officer Policing Program shall be at the discretion of the CRA Board and appropriated annually. • Funding for fourth year of the Program, October 1, 2018 — September 30, 2019 shall be paid in accordance to Exhibit A. • While the CRA will provide funding to support this program, operational and supervisory control remains with the Police Department. 4 Actual Category Notes Quantity Cost per Unit Subtotal' 948 Sergeant Salary&Incentive(Diehl) 1 $ 92,763 $ 92,763 Salary,Education Incentive Sergeant Benefits-Pension 1 $ 44,443 $ 44,443 Pension Sergeant Benefits 1 $ 15,625 $ 15,625 Healthcare,Dental,Vision,Fica Officer Salary&Incentive(Paramore) 1 $ 62,781 $ 62,781 Salary,Education Incentive Officer Benefits-Pension 1 $ 30,078 $ 30,078 Pension Officer Benefits 1 $ 13,330 $ 13,330 Healthcare,Dental,Vision,Fica Officer Salary&Incentive(NEW) 1 $ 54,304 $ 54,304 Salary,Education Incentive Officer Benefits-Pension 1 $ 26,017 $ 26,017 Pension Officer Benefits 1 $ 12,680 $ 12,680 Healthcare,Dental,Vision,Fica $ 352,021 Personnel Costs Total ¢ ^9 Radio and Related Equipment 1 $ 2,000 $ 2,000 Bike Rack 1 $ 250 $ 250 Misc.Equipment-As Needed $ 2,500 $ 2,500 $ 4,750 Equipment Costs Total Cell Phones Service Plan 3 $ 675 $ 2,025 Office and Miscellaneous Supplies 1 $ 2,000 $ 2,000 Paper,Pens etc.(includes printer/copier) Office Cleaning 1 $ 1,500 5,525 Office Expenses Total Communication and Program Marketing $ 7,704 Total for FY 18-19 $ 370,000 NOTE:All amounts provided by Police Department with exception of Contingency and ILA amount for FY 2017-2018 Revised by CRA to include promotional/marketing materials and additional equipment. � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 13, 2019 OLD BUSINESS AGENDAITEM: 14.D. SUBJECT: Consideration of Approval of Costa Center, LLC's Performance Audit for Year Ending December 31, 2018 for the Casa Costa Project for Compliance with the Direct Incentive Funding Agreement SUMMARY: The CRA entered into a Direct Incentive Funding Agreement (DIFA) ("Agreement") with Boynton Waterways Investment Associates on April 25, 2005 to provide financial assistance to the redevelopment project known as The Promenade (Attachment 1). The CRA's DIFA funding incentive was intended to provide the developer/owner with additional funding to assist with the costs associated with carrying the commercial space created within the development. Under the agreement, the DIFA funding term specifies a total of ten (10) annual payments over a period of ten consecutive years to receive funds. In December 2012, Boynton Waterways Investment Associates sold the project and the assignment of the DIFA to PRH Boynton Beach, LLC, including all rights, privileges and obligations required to be performed in order to be eligible to receive funding (see Attachment 11). At the October 10, 2016 CRA Board meeting, the Board approved a request to have the Casa Costa rights and obligations under the DIFA assigned to Costa Center, LLC, the new owner of the commercial units located within the Casa Costa development (See Attachment III). As of September 30, 2018, the previous 8 (eight) payments made under the DIFA Agreement total $3,452,454 and breakdown as follows: • Boynton Waterways Investment Associates (2 payments) - FY 2010 -2011 - $537,596; • PRH Boynton Beach, LLC (4 payments) - FY 2012- 2016- $1,829,912 • Costa Center, LLC (2 payments) = FY 2016- 2018- $1,084,946 As required under the terms of the Agreement, on January 31, 2019, Costa Center, LLC submitted a Performance Audit for the year ending December 31, 2018. Based on staffs review, the Performance Audit is in compliance with the terms of the Agreement requiring 10% of the retail space or 1,930 square feet out of total retail square footage of 19,300, be offered at one-half of the average rental rate or$12.50 per square foot (see Attachment IV). If approved by the Board, the CRA will be issuing payment number nine (9)for FY 2018-2019, in the amount of$527,306 (see Attachment V). FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund, Line Item 02-58400-443, $527,306 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Downtown District CRA BOARD OPTIONS: Approve the Performance Audit and authorize the DIFA payment of$527,306 to Costa Center, LLC ATTACHMENTS: Description D Attachment I - Executed Agreement and Amendments D Attachment II - March 13, 2013 Agenda Item & Minutes D Attachment III -October 10, 2016 Agenda Cover and M inutes D Attachment IV - Performance Audit D Attachment V -2018 Incentive Calculation DIRECT INCENTIVE FUNDING AGREEMENT This is an agreement (hereinafter "Agreement") entered into as of the (bi "day of i , 2005,by and between: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes, (hereinafter referred to as "CRA"),with a business address of 639 East Ocean Avenue, Suite 107, Boynton Beach, Florida 33435. And BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC., a Florida limited liability company, (hereinafter referred to as the "Developer" or "Boynton Waterways"), with a business address of 155 South Miami Avenue, Penthouse 2A, Miami, Florida 33310, and/or assigns,provided such are affiliates of the Developer. RECITALS: WHEREAS, as part of its strategy to "encourage large-scale projects, which define new markets, quality, innovation and character in the CRA area"the CRA has adopted a Direct Incentive Program dated March 22, 2004 (revised) (hereinafter the"Direct Incentive Program"); and WHEREAS, Developer submitted an application to the CRA for Direct Incentive funding for that certain project proposed at the northeast corner of Federal Highway and Boynton Beach Boulevard within the CRA boundaries to be known as Promenade (hereinafter the"Project"); and WHEREAS, at the October 12, 2004 meeting of the CRA Board, the CRA Board of Directors (hereinafter "CRA Board") approved said application with a project score of 98 points (making the Project eligible for 98% of the maximum incentive permissible under the Direct Incentive Program), subject to approval of a mutually acceptable contract(i.e., this Agreement); and WHEREAS, this Agreement is not intended to be a "Development Agreement" within the meaning of Florida Statutes, Section 163.3221; and WHEREAS, at its NVWa -k-1.t2005 meeting, the CRA Board approved this Agreement. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed herein between the parties as follows: Section 1. Recitals. The foregoing recitals are true and correct at the time of the execution of this Agreement and are incorporated herein. Section 2. Definitions, As used in this Agreement, the following terms shall have the following meanings: "Affiliate" means a company or corporation that the Developer, or members of Developer, maintains any ownership interest in. "Affordable Access — Residential" means the residential sales provided for in the Application and committed to by the Developer to qualify for the affordable access incentive of the CRA's Direct Incentive Program. "Affordable Access — Commercial" means the commercial leases provided for in the Application and committed to by the Developer to quality for the affordable access incentive of the CRA's Direct Incentive Program. "Agreement" means this Direct Inventive Funding Agreement and all exhibits and attachments thereto, as any of the same may hereafter be amended from time to time. "Application" means the Direct Incentive Program Application submitted by Boynton Waterways dated June 24, 2004, which is attached as Exhibit "A", the information, representations, and commitments of which as contained therein are adopted and incorporated within and as part of this Agreement. "City"means the City of Boynton Beach, Florida. "Commence" or "Commencement" as such terms relate to the commencement of construction of the Project as required hereunder, means the application by the Developer to the City for the permit required for the commencement of vertical construction or the commencement of such vertical construction pursuant to and in accordance with such permit. "Developer"means Boynton Waterways Investment Associates, LLC. and any assignee or transferee of Boynton Waterways that is permitted under this Agreement, from and after the date of such permitted assignment or transfer. "Pledged Project Increment Revenues" means 49% of the Project Increment Revenues received by the CRA. "Project" means the Promenade Project as described above in the second "Whereas"clause, and as further described in the Application defined above and in the site plan defined below. "Project Increment Revenues" means the amount deposited in the Redevelopment Trust Fund for the Redevelopment Area pursuant to Florida Statutes, Section 163.387, which is attributable to the Project, using $119,816.00 as the 2004 base year amount in calculating such increment revenues, so that increment revenues for the Project are equal to all amounts over the base year amount. "Property"means the real property described on Exhibit`B", attached hereto. 2 "Public Areas" means all areas that have unrestricted public access for the life of the Project, as shown on the Delineation of Public Areas attached as Exhibit "C", attached hereto , but shall not include public utilities which shall be dedicated to the public. "Public Parking"means the free on-site parking consisting of 111 parking spaces, including parking for the disabled required for the Project under applicable state and federal law, as committed and set forth in the Application. "Redevelopment Area" means those areas within the limits of the City which have been declared blighted in accordance with the provisions of Florida Statutes, Chapter 163, Part M. "Redevelopment Trust Fund" means the trust fund established pursuant to Section 163.387, Florida Statutes for the deposit of incremental revenues attributable to the Redevelopment Area. ,,Site Plan" means the site plan for the Project approved by the City of Boynton Beach City Commission by motion and vote on July 20, 2004, a copy of which is attached hereto as Exhibit «D „ "Substantial Completion" or "Substantially Complete" means the completion of 90% of the Project's residential condominium units and 90% of the square footage of the Project's commercial space, as evidenced by issuance of a certificate of occupancy for such residential condominium units and commercial space. "Tax Collector"means the duly elected tax collector for Palm Beach County,Florida. "Tax Roll" means the real property ad valorem assessment roll maintained by the Property Appraiser for the purpose of the levy and collection of ad valorem taxes. Section 3. Effective Date. This Agreement shall be effective on the date that the last party to sign executes this Agreement(hereinafter"Effective Date'). Section 4. Developer's Obligations—Construction Developer agrees to construct the Project as described in the Application and the Site Plan and to maintain the Public Parking and other Public Areas as set out therein. The Site Plan may be modified from time to time by Developer in accordance with and pursuant to the Code of Ordinances of the City of Boynton Beach; provided, however, that the Developer shall not have the right to substantially reduce the number of residential units, the amount of commercial square footage, the size of the Public Areas, the number of Public Parking Spaces or to make any other change which would substantially reduce the taxable value of the Project without the prior approval of the CRA. "Substantially" as used in this Section means any change that would require a major Site Plan Modification. 111 Commencement of Construction. Developer shall apply for a building permit with the City no later than twelve (12) months from the date of original approval of the Site Plan by the City Commission, i.e., no later than twelve (12) months from July 20, 3 2404. The Developer shall have the right to extend the Commencement Date by up to twelve (12) months on a showing by the Developer to the CRA that the Developer has diligently pursued either applying for a building permit, or construction start, that any delay is beyond the control of the Developer and that the Developer continues to hold a valid and current building permit for the project issued by the City. Developer's rights to receive the benefits of this Agreement are further subject to the following provisions: 4.1.1. Should the Site Plan or building permit expire at any time , this Agreement shall terminate and be of no further force and effect. 4.1.2. Should the Developer obtain a Site Plan modification approval from the City, whether from the City Commission or administratively, the Developer must nonetheless obtain the approval of the CRA Board for any such modification in order for this Agreement to remain in effect. Whether to grant any such modification shall be entirely within the discretion of the CRA Board which may consider factors which go beyond the land development issues and requirements considered by the City in its approval process. 4_2 Non-Discrimination. The Developer agrees that no person shall on the grounds of race, color, disability, national origin, religion, age, familial status, sex or sexual orientation be excluded from the benefits of, or be subjected to discrimination under, any activity carried on by the Developer, its contractors, sub-contractors, or agents, in the performance of this Agreement. Should such discrimination occur, the CRA will provide notice to the Developer that it claims there has been a breach of this condition and thereafter, Developer shall have 15 business days to demand arbitration as to the claim of discrimination. The parties will then mutually agree in writing to an arbitrator and if they cannot agree, the rules of the American Arbitration Association will govern. The arbitration will be governed by the rules of the American Arbitration Association regardless of whether an arbitrator is agreed upon by the parties. This arbitration shall be independent of any other actions being taken by other governmental agencies. However, a finding by any other agency or court that such discrimination has occurred may be relied upon by the CRA as conclusive proof of a breach of this provision, provided such finding is final and not appealable. If Developer does not demand arbitration within 15 business days, or if arbitration is conducted and it is determined by the arbitrator that discrimination occurred, the CRA shall have the right to terminate this Agreement and pursue any and all other lawful remedies. The cost of such arbitration shall be borne by the non-prevailing party. Such non-prevailing party shall be determined by the arbitrator. 4_3 Convicted Vendor List. As provided in F.S. 287.132-133, by entering into this Agreement or performing any work in furtherance hereof, Developer certifies that it, and its affiliates, contractors, sub-contractors or agents who will perform hereunder, have not been placed on the Convicted Vendor List maintained by the State of Florida Department of Management Services within thirty-six (36)months immediately preceding the Effective Date. Section 5. Affordable Access Requirements. As a condition precedent to its receipt of any funds pursuant to this Agreement, the Developer and its successors or assigns, shall implement 4 and maintain an affordable access component to the Project as provided for in the CRA's Direct Incentive Program and as set forth in Section 2G of the Developer's Direct Incentive Program Application. Implementation and maintenance of the Affordable Access Program shall be as follows: 5_1. Affordable Access—Residential. L.Q. Based on the total Project residential condominium count of 318 condominium units as set forth in the Application, Developer agrees to set aside a minimum of sixteen (16) units designated as Affordable Access — Residential condominium units, each with a maximum purchase price of$266,866.00. Should an amendment to the Site Plan be approved which modifies the number of residential condominium units to be developed in the Project, the number of Affordable Access— Residential condominium units will be revised accordingly based on the criteria and requirements set forth in the Direct Incentive Program. 5.1.2. The Affordable Access —Residential condominium units shall be held for sale to individuals or families with household income ranging from a "Low Income of Eighty(80%) Percent Median Income to One Hundred Twenty(120%) Per Cent Median Income" for Palm Beach County, Florida, as defined by the United States Department of Housing and Urban Development (HUD) for the year 2004. Unit pricing for the Affordable Access — Residential units shall be priced so that buyers are able to qualify for the unit purchases based on qualifying income percentage for home ownership being defined as thirty-two (32%) percent of gross monthly income. Affordable access - residential condominium units shall be held for affordable purchase for one hundred eighty (180) days after such units are released and advertised for eligibility. 5.1.3. Qualified buyers of Affordable Access - Residential condominium units must certify that their intent is to utilize the unit as their primary full time residence pursuant to the Affordable Access-Residential requirement. The Affordable Access-Residential requirement shall be recorded in a deed restriction to be in effect for 10 years from the date of closing of title to each unit. 5.1.4. Qualified purchasers of units pursuant to the Affordable Access- Residential requirement must agree to retain ownership of the unit as their primary full time residence for a minimum of ten (10) years or, upon the sale of any such unit prior to the expiration of ten (10) years, must pay any profit above the original purchase price minus a three (3%) percent annual inflation factor back to the CRA. All buyers within the 10-year period must qualify to purchase affordable units as required in section 5.1.2 herein. The Affordable Access - Residential requirement shall be recorded in a deed restriction to be in effect for 10 years from the date of closing of title to each unit. 5.1.5. The re-sale limitations and requirements set forth in 5.1.4 above shall be included in the deeds of sale, or other mutually acceptable documents, to be 5 executed by the Developer as seller(or its successors or assigns) and the purchaser at the time of closing on the initial sale of the Affordable Access — Residential units, shall constitute a covenant running with the unit, and shall be recorded in the Public Records of Palm Beach County, Florida. 5_2. Affordable Access — Commercial. As a pre-condition to receiving funding under the Direct Incentive Program, Developer agrees to implement and maintain an Affordable Access — Commercial element pursuant to the policies set forth in the Direct Incentive Program and in Section 2G of the Developers Direct Incentive Program Application. Should the Developer modify its Site Plan to alter the commercial square footage in the Project from that which has been approved, the retail space offered to local tenants as set forth in the Direct Incentive Program Application will be modified accordingly pursuant to the provisions of the Direct Incentive Program. Any other modification to the terms or provisions of the Affordable Access— Commercial requirements set forth in this Agreement shall require the consent of the CRA and shall, in any event, meet the criteria set forth in the Direct Incentive Program. 5_3. Non-Discrimination. The Developer, its successors and assigns, agree that no person shall on the grounds of race, color, disability, national origin, religion, age, familial status, sex, or sexual orientation be subjected to discrimination in the purchase of any Affordable Access — Residential units or the lease of any Affordable Access - Commercial spaces provided for in this Agreement. Should such discrimination occur, the CRA will provide notice to the Developer that it claims there has been a breach of this condition and thereafter, Developer shall have 15 business days to demand arbitration as to the claim of discrimination. The parties will then mutually agree in writing to an arbitrator and if they cannot agree, the auspices of the American Arbitration Association will govern. This arbitration shall be independent of any other actions being taken by other governmental agencies. However, a finding by any other agency or court that such discrimination has occurred may be relied upon by the CRA as conclusive proof of a breach of this provision, provided such finding is final and not appealable. If Developer does not demand arbitration within 15 business days, or if arbitration is conducted and it is determined by the arbitrator that discrimination occurred, the CRA shall have the right to terminate this Agreement and pursue any and all other lawful remedies. The cost of such arbitration shall be borne by the non- prevailing party. Such non-prevailing party shall be determined by the arbitrator. 5_4. Performance Audit. Prior to receiving any annual allotment of incentive grant funds, Developer shall provide written audited verification, at its sole cost and expense, satisfactory to the CRA in its sole discretion, of compliance in all material respects by the Developer with all agreed upon Affordable Access performance standards set forth in this Agreement. 5.4.1. This performance audit shall be conducted by an independent Certified Public Accountant(CPA), selected and paid for by the Developer with the reasonable approval of the CRA. 6 L-4.2. With respect to the Affordable Access —Residential component of the Program, the CPA must examine the qualifying income data for every purchaser identified as a qualifying purchaser pursuant to the Affordable Access -Residential requirements and must certify, in writing, the eligibility of all such qualifying Purchasers under the Program. The written opinion must include verification of the number of condominium units which are owned by qualified purchasers. 5.4.3. With respect to the Affordable Access — Commercial element of the Direct Incentive Program, the CPA must certify, in a written opinion, the amount of commercially leased square footage that qualifies pursuant to the Affordable Access— Commercial requirements of this Agreement. 5.4.4. The examinations and opinions required under this Section must be conducted in accordance withgenerally accepted accounting standards established by the American Institute of Certified Public Accountants. 5.4.5. The audits required pursuant to this Section may be performed in conjunction with other auditing services. 5.4.6. Each annual performance audit must be submitted to the CRA no later than the last day of February for the preceding year. The CRA shall accept the audit or, should it make the determination that there are deficiencies with the audit and/or documentation for the audit, shall so notify the Developer in writing. 5.4.7. Disbursement of Direct Incentive Program Funds may only occur upon the CRA's acceptance of a properly documented and supported audit. 5_5. Inspection. Upon ten (10) business days prior written notice and at any time during normal business hours and as often as the CRA deems necessary, there shall be made available by the Developer to the CRA for examination, all of its records with respect to all matters covered by this Section. The CRA reserves the right to require copies of such records and/or to conduct an inspection of the Developer's records regarding performance measures at any time for any period covered by this Section of the Agreement, all at the CRA's cost and expense. 5_6. Non-Compliance. In any year in which the performance audit discloses that Developer is in non-compliance in any material respect with the Affordable Access requirements of this section, the Developer may be deemed in default and the CRA will be entitled to the remedies set forth in Section 8 below; provided, however, that at the option of the CRA the Direct Incentive Funding the Developer would otherwise be entitled to for the year in question may be reduced as follows: 5.6.1. The funds the Developer would otherwise be entitled to may be reduced by an amount corresponding to the percentage of non-compliance with the Affordable Access-Residential requirements of this Agreement plus the percentage of 7 non-compliance with the Affordable Access-Commercial requirements of this Agreement. 5.6.2. Exceeding the agreed upon requirements of either of the Affordable Access components in any given subject year shall not entitle the Developer to additional funding under this Agreement or to a credit or set-off against any reduction in funds due to failure to meet the other Affordable Access requirements hereunder. Section 6. Direct Incentive FundinE. The direct incentive funding provided for under this Agreement is granted to the Developer for the purpose of offsetting, in part, the Developer's cost of constructing the public area and all other public improvements and/or programs within the Project. 6.1. Direct Incentive Funding Formula and Term. The CRA hereby agrees to direct fund, that is, to pledge and assign to Developer for a period of ten (10) consecutive years, as provided herein, an annual amount which equals the Pledged Project Increment Revenues less any amounts deducted pursuant to the terms of Section 5 above due to the failure of the Developer to comply with the Affordable Access Requirements of this Agreement. 6_2. Commencement and Conditions of Funding. The ten(10) year term for the receipt of incentive funding shall commence in the year that the following conditions are met: A. The Project is Substantially Complete; B. The completed improvements of the Project have been placed on the Tax Roll; C. The CRA has determined that the Project complies with the commitments set forth in the Application (Exhibit "A"), as those commitments may have been subsequently amended with the consent of the CRA, and that the Project otherwise complies with all of the terms and provisions of this Agreement; and D. The CRA has received Project Increment Revenues from such improvements. 6_3. Disbursement of Funds. Except as otherwise provided herein, The Pledged Project Increment Revenues shall be unconditionally disbursed to the Developer by April 1 of the year following the corresponding ad valorem tax year or within thirty (30) days after the CRA's acceptance of the annual audit provided for in Section 5.4 above, whichever date is later. 8 6_4. No Pledge of Pledged Pro iect Increment Revenues. The CRA warrants and represents that the Pledged Project Increment Revenues are not the subject of any prior pledge by the CRA and agrees that such revenues shall not be assigned, pledged, hypothecated or secured by the CRA for the period covered by term of this Agreement. 6_5. Subordination. Any Pledged Project Increment Revenue of the CRA pursuant to this Agreement is subordinate to the pledge of the tax increment revenue given to secure the CRA's Tax Increment Revenue Bonds pursuant to Resolution No. 04-04, adopted December 6, 2004, as amended and supplemented. Section 7. Associations. Upon completion of the improvements of the Project and prior to the issuance of final certificates of occupancy by the City, the Developer shall create one or more property and/or condominium associations to provide for the ongoing management of the Project and the maintenance of the common elements and the Public Areas. The Declaration or Declarations of Covenants for such association(s) shall be approved by the CRA, which approval shall not be unreasonably withheld or delayed or conditioned. Such documents, which shall be recorded, shall contain restrictive covenants regarding the Public Parking and other Public Areas, which shall include, at least, the following terms: 7_1. Public Parking Restrictive Covenants. The restrictive covenants governing Public Parking shall include the following: 7.1.1. There shall exist 111 "first come-first served" free parking spaces open to the general public as shown on the Site Plan for the commercial component of the Project. At such time as Developer has finalized its plans for the parking facilities, the Developer shall provide the CRA with a drawing showing the location of the Public Parking spaces, which drawing shall be attached to and incorporated into this Agreement as Exhibit"D". 7.1.2. Signage for parking shall meet the requirements of the City Code and shall be located prominently on the exterior and interior of the parking facility to identify the Public Parking. 7.1.3. The Public Parking shall be free to the public during the term of this Agreement, and after term the Developer shall have the right to charge such fees as will allow the Developer to recover all its direct operating expenses for the parking spaces, as well as reasonable amounts for a reserve for replacement and/or capital repairs and for depreciation. 7.1.4. The Developer shall have the right to control public access or otherwise secure the garage between the hours of 12:30 a.m. and 6:30 a.m. daily and shall have the right to adopt reasonable rules and regulations for the operation and security of the garage. 7.1.5. The Public Parking restrictive covenants shall be included within the Property Owners Association Declaration of Covenants and shall remain in effect for 9 the life of the Property Owners Association notwithstanding any foreclosure of the project by any lender owning a mortgage encumbering the Property. 7.1.6. The Public Parking restrictive covenant shall be recorded in the Public Records of Palm Beach County, Florida and shall be superior to all after-imposed liens and encumbrances, including, without limitation, any mortgages on the Property, except any liens and/or encumbrances that are given priority as a matter of law, and shall be recorded in the Public Records of Palm Beach County, Florida. 7.1.7. In the event that prior to commencing funding by the CRA under this Agreement, this Agreement is terminated for any reason, this restrictive covenant shall be deemed terminated, which shall be evidenced by recordation of an affidavit of the Developer in the Public Records that such termination has taken place. CRA agrees to execute such documents or instruments as may be reasonably necessary or desirable to effect such termination of record. 7_2. Other Public Area Restrictive Covenants. The restrictive covenants governing the other Public Areas shall contain the following: 7.2.1. The pedestrian walkways, performance square, park improvements and plazas (the "Public Amenities") as shown on Exhibits "C" and "D" shall be accessible to the general public as provided herein. 7.2.2. The Developer shall have the right to control public access or otherwise secure the Public Areas between the hours of 12:30 a.m. and 6:30 a.m. daily, and shall have the right to adopt reasonable rules and regulations for the operation and security of such areas. 7.2.3. The Public Areas restrictive covenant shall be included within the Property Owner's Association Declaration of Covenants and shall remain in effect for the life of the Property Owner's Association but in no event for less than the30-year term of the Project notwithstanding any foreclosure of the project by any lender owning a mortgage encumbering the Property. 7.2.4. The Public Areas restrictive covenant shall be recorded in the Public Records of Palm Beach County, Florida and shall be superior to all after-imposed liens and encumbrances, including,without limitation, any mortgages on the property, except any liens and/or encumbrances that are given priority as a matter of law, and shall be recorded in the Public Records of Palm Beach County, Florida. 7.2.5. In the event that prior to commencing funding by the CRA under this Agreement, this Agreement is terminated for any reason, then this restrictive covenant shall be deemed terminated,which shall be evidenced by recordation of an affidavit of the Developer in the Public Records that such termination has taken 10 s place. CRA agrees to execute such documents or instruments as may be reasonably necessary or desirable to effect such termination of record. Section 8. Events of Default.Remedies and Termination. 8_1. Default. Upon the occurrence of any one or more of the following events, all obligations of the CRA to disburse further funds under this Agreement shall terminate at the option of the CRA. Notwithstanding the preceding sentence, CRA may at its option continue to make payments or portions of payments after the occurrence of one or more of such events without waiving the right to exercise such remedies and without incurring liability for further payment. The CRA may at its option terminate this Agreement and any and all funding under this Agreement upon occurrence of any one or more of the following: 8.1.1. Any representation by the Developer in or in connection with this Agreement or the Direct Incentive Program Application is inaccurate or incomplete or false in any material respect. 8.1.2. The vacating, abandoning,or closing of the Developer's business. 8.1.3. The failure of the Developer to observe or perform any of the terms, covenants, conditions, obligations, or provisions of this Agreement in any material respect to be observed or performed by the Developer or such failure continues for a period of thirty (30) days after written notice thereof from the CRA to the Developer provided, however, that if the nature of Developer's default is such that more than thirty (30) days are reasonably required for its cure, then Developer shall not be deemed to be in default if Developer commenced such cure within said 30-day period and thereafter diligently pursues such cure to completion. 8.1.4. The making by Developer of any general assignment, or general arrangement for the benefit of creditors; 8.1.5. The filing by or against Developer of a petition to have the Developer adjudged bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy unless, in the case of a petition filed against the Developer, the same is dismissed within sixty(60)days; 8.1.6. Appointment of a trustee or receiver to take possession of substantially all of Developer's assets, where possession is not restored to Developer within sixty (60) days; or 8.1.7 The attachment, execution or other judicial seizure of substantially all of Developer's assets where such seizure is not discharged within thirty(30)days. 8_2. Remedies. Upon the occurrence of any one or more of the foregoing events, CRA may, at its option, give notice in writing to the Developer to cure its failure of 11 performance if such failure may be cured. Upon the failure of Developer to cure, CRA may exercise any one or more of the following remedies: 8.2.1. Terminate this Agreement upon not less than fifteen (15) days notice, by certified letter to the Developer at the address specified in Section 9.4 of this Agreement, such notice to take effect when delivered to the Developer. 8.2.2. Commence a legal action for the judicial enforcement of this Agreement and for any and all damages occasioned by the Developer's breach of this Agreement including, but not limited to, repayment of funds disbursed to the Developer as a result of fraud or material misrepresentation. 8.2.3. Withhold the disbursement of any payment or any portion of a payment. 8.2.4. Take any other remedial actions that may otherwise be available under law. 8_3. Attorney's Fees and Costs. In any judicial action arising from this Agreement the prevailing party shall be entitled to an award of its reasonable attorney's fees and costs, at both the trial and appellate levels, from the non-prevailing party. 1.4. Law and Remedy. This Agreement shall be governed by the laws of the State of Florida Venue of any and all legal actions arising from this Agreement shall be 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 shall be cumulative and shall be in addition to every other 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. 8_5. Strict Performance. No failure by either party to insist upon strict performance of any covenant, agreement, term or condition of this Agreement or to exercise any right or remedy available to such party by reason of the other party's Default and no payment or acceptance of full or partial payments of amounts due under this Agreement during the continuance(or with CRA's knowledge of the occurrence)of any Default or Event of Default, shall constitute a waiver of any such Default or Event of Default or of such covenant, agreement, term, or condition or of any other covenant, agreement, term, or condition. No waiver of any Default shall affect or alter this Agreement, but each and every covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other then existing or subsequent Default. Payment by either party of any amounts due under this Agreement shall be without prejudice to and shall not constitute a waiver of any rights against the other party provided for under this Agreement or at law or in equity. One party's compliance with any request or demand made by the other party shall not be deemed a waiver of such other party's right to contest the validity of such request or demand. All the terms, provisions, and conditions of this Agreement and the restrictive covenants shall inure to the benefit of and be enforceable by the parties hereto and 12 their respective successors and assigns. The 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 for one of the parties, it being recognized that both parties have contributed substantially and materially to the preparation of the Agreement and the restrictive covenants. 8_6. Remedies Under Bankruptcy and Insolvency Codes. If an order for relief is entered or if any stay of proceeding or other act becomes effective against Developer or in any proceeding which is commenced by or against Developer under the present or any future federal bankruptcy code or in a proceeding which is commenced by or against Developer, seeking a reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any other present or future applicable federal, state or other bankruptcy or insolvency statute or law, CRA shall be entitled to invoke any and all rights and remedies available to it under such bankruptcy or insolvency code, statute or law or this Agreement. 8_7. Termination. The obligations of Developer and CRA shall terminate upon the earlier of (i) expiration of the Project Increment Revenues payments to Developer as provided in Section 6 above as a result of the expiration of the agreed upon payment periods; or (ii) failure by the Developer to commence construction of the Project on or before Construction Commencement date set forth in Section 4 above, unless extended as provided therein. Section 9. General Conditions. 9_1. CRA's Maintenance of Records and Annual Account Fundin . Commencing with the Effective Date, the CRA shall maintain and administer separate financial records which reflect terms of this Agreement. Such records shall clearly document for the benefit of the CRA and the Developer, the Base Year amount and the annual revenue collected by the CRA attributable to the Project and the annual amounts owing and paid under this Agreement. 9_2. Successors and Assigns. The CRA and Developer each binds itself and its successors, executors, administrators and assigns to the other party and to the successors, executors, administrators and assigns of such other party, in respect to all covenants of this Agreement. Prior to Substantial Completion of the Project, this Agreement may not be assigned by the Developer without the prior written consent of the CRA. After Substantial Completion this Agreement may be assigned by the Developer; provided, however, that any assignee thereto shall specifically assume all of the obligations of the Developer under this Agreement. Nothing herein shall be construed as creating any personal liability on the part of any officer or agent of the CRA, nor shall it be construed as giving any rights or benefits hereunder to anyone other than the CRA and the Developer. In the event that the CRA determines that the Developer pis in violation of this paragraph, the CRA shall have the right to terminate this Agreement and to seek repayment of the funds paid by the CRA to the Developer. 13 Notwithstanding anything to the contrary contained in this Section 9.2: (a) Prior to the issuance of the Certificate of Occupancy, Developer may assign this Agreement to an affiliate of Developer with the consent of CRA, such consent not to be unreasonably withheld, delayed or conditioned. Such assignment shall relieve the Developer of its obligations and/or duties as set forth herein only if the assignee shall assume such duties and/or obligations; (b) After the issuance of the Certificate of Occupancy, Developer may assign this Agreement without the consent of but with at least 10 days written notice to CRA. Such assignment shall relieve Developer of its obligations and/or duties as set forth herein only if the assignee shall assume such duties and/or obligations; (c) At any time during the term hereof, Developer or its assignee may pledge the expected proceeds pursuant to this Agreement to an institutional lender as collateral for a loan or other obligation without the consent of, but with at least 10 days written notice to, the CRA, so long as such .pledge does not interfere with or affect the CRA's rights under this Agreement. In the alternative, Developer or its assignee may pledge the expected proceeds pursuant to this Agreement to a non-institutional lender as collateral for a loan or other obligation subject to the consent of the CRA, such consent not to be unreasonably withheld. In either event, such pledge to an institutional or non-institutional lender shall be subject to the conditions that it (1) shall not relieve Developer or its assignee (if this Agreement has in fact been assigned) of its obligations hereunder; (2) shall not interfere with or affect the CRA's right under this Agreement; and (3) shall be subject to all terms and conditions of this Agreement. 9_3. No Brokers. CRA and Developer each represents to the other that it has not dealt with any broker, finder, or like entity in connection with this Agreement or the transactions contemplated hereby, and each party shall indemnify the other against any claim for brokerage commissions, fees, or other compensation by any person alleging to have acted for or dealt with the indemnifying party in connection with this Agreement or the transactions contemplated hereby. 9_4 Indemnilieation and Hold Harmless. The Developer agrees to protect, defend, reimburse, indemnify and hold the CRA, its agents, employees and elected officers and each of them, free and harmless at all times from and against any and all claims, liability, expenses, losses, costs, fines and damages, including attorney's fees, and causes of every kind and character (sometimes collectively "Liability") against and from the CRA which arise out of this Agreement, except to the extent that any of the Liability results from the negligence or willful misconduct of the CRA. The Developer recognizes the broad nature of this indemnification and hold harmless clause, and voluntarily makes this covenant and expressly acknowledges the receipt of good and valuable consideration provided by the CRA in support of this clause in accordance with the laws of the State of Florida. This paragraph shall survive the termination of the Agreement. 14 9_5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized mortgagee), or whenever either of the parties desires to give or serve upon the other any notice, demand, request, consent, approval or other communication with respect hereto or to the Project, each such notice, demand, request, consent, approval or other communication (referred to in this Section 9.4 as a "Notice") shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or(iii)a recognized national courier service, addressed as follows: 15 If to Developer: Boynton Waterways Investment Associates,LLC c/o Panther Real Estate Partners 155 South Miami Avenue,Penthouse 2A Miami, Florida 33130 Attention: Jeff Krinsky With Copies to: Marc Seltzer,Esquire 155 South Miami Avenue Penthouse 2A Miami, Florida 33130 If to CRA: Boynton Beach Community Redevelopment Agency 693 East Ocean Avenue, Suite 107 Boynton Beach, Florida 33435 With a copy to: Kenneth G. Spillias,Esq. Lewis,Longman & Walker, P.A. 1700 Palm Beach Lakes Boulevard, Suite 1000 West Palm Beach, Florida 33401 9.5.1. Any Notice may be given in a manner provided in this Agreement on either party's behalf by its attorneys designated by such party by Notice hereunder. 9.5.2. Every Notice shall be effective on the date actually received, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. 9_6. Time is of the essence. The parties acknowledge that time is of the essence in the performance of the provisions in this Agreement. 9_7. Entire Aereement. The CRA and Developer agree that this Agreement sets forth the entire agreement between the parties and that there are no promises or understandings other than those stated herein. None of the provisions, terms and conditions contained in this Agreement may be added to, modified, superseded, or otherwise altered, except by written instrument executed by the parties hereto. 9_8. Exhibits. Each Exhibit referred to in this Agreement forms an essential part of this Agreement. Any exhibits not physically attached shall be treated as part of this Agreement and are incorporated herein by reference. 16 9_9. Severability. If any provision of this Agreement or application thereof to any person or situation shall, to any extent,be held invalid or unenforceable, the remainder of this Agreement, and the application of such provisions to persons or situations other than those as to which it shall have been held invalid or unenforceable shall not be affected thereby, and shall continue in full force and effect, and be enforced to the fullest extent permitted by law. 9.10. Priority of Interpretation. In the event of any conflict between the terms and conditions of this Agreement and the Direct Incentive Program, the terms and conditions of this Agreement shall prevail. 9.11. Headines. Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. 9.12. Insurance. All parties hereto understand and agree that the CRA does not intend to purchase property insurance in connection with this Project. 9.13. Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and the Developer (or in any representative capacity) as applicable, has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. 9.14. Recording. This Agreement may be recorded in the Public Records of Palm Beach County, Florida. IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC.,a Florida limited liability company By: Its Managing Member, Panther Boynton, LLC, a Florida limited liability company tw&5`19 VQ By: Its Manger (With s) (Witness) 4Daniirlin 17 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: r ' Name (Witness) C" �_ 2 ( SSG LL Jcx-tZ. (Witness) STATE OF FLORIDA SS: COUNTY OF MIAMI DADE BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared C)rLajrj as Manager of PANTHER BOYNTON, LLC Managing Member of BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC., and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC., for the use and purposes mentioned herein and that the instrument is the act an f BOYNTON WATERWAYS INVESTMENTS ASSOCIATES, LLC. He/she 's personally known to me or has produced as identification. IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this J day of_ Xi j , 2005. 3 My Commission Expires: Notary Public, State ofrida at Large [DAV'ID YOBLICK -` Notary P i),laState of Florida ; r .,mis Spires Jun 9,2006 Cp;: mtRr un 0 DD 092403 ral Notary A . 18 STATE OF FLORIDA : SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared,}¢ „n f�<<�,,�� jt as _ , �� of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she igersonally known Jto me or has produced as identification. IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this 2-6 day of t ` 2005. �UXln My Commission Expires: Notary Public, State of Florida at Large I:\Client Documents\Boynton Beach CRA\2419-006\130CUMENTSTinal Direct Incentive Funding Agreement 4-1-05.doc ;r 'y, Susan VIS y • MY COnvy lon t)oYt M e, ExPW"Augug 1.2007 19 } { /t \i`\\ 17�1 z i ~ ` o _ \ � ` c O «(}2` > \$ f � = ee \ _ } � {� }� 12 Fe&K100 ® US Airbill FedEx , Trackin Ex� Namb.' 8525 2731 0708 I Frain PW."..ndX—hnd. ,' ' ;sti Senders FedEx 4a ExM=Package Service v Date 8/1Z05 Account Number 1768-2109-4 ® FedEx Prioritying•Oyemight E]FedEx Standard Oo,one® vernight ❑F Nen buraten rnanNwbrfiarn . Ea Senders de Name Ken Spillias, Esq. Phone(561 ) 640--0220 ❑ FedEx2Day FedExFxpressSaver C S.raM biai,ea-.deN thirdwoness my O �--- F.d&Envelope nH rmt eve7eMe MYimutnch rg.:One-wund r.[a --J ComparlyLEWIS LDIVGMAN °e WALKER U Express FreigM Service g ❑ Nave W FeclExw.. y»e�htii ❑Fed I.Ds,k>It ❑ Fe Address 1700 PALM BEACH LADES BLVD W o o.a Twe r.u:an�« — — G cc cM WEST PALM BEACH 5 Packaging LU-0 state FL ZIP 33401--c01 ® FedExLAJ ❑ Fed Ex Pak FedEx Fe a 2 Your Internal Billing PAdereace Envelope' mckdw Fed6 Sm.a P.k Bax � Tu Fed,tang.NK.nd FedEx Sturdy Pak Fit 2'haa brsMA.ppe„on aro 2419^006 Boy Beach CRA s SPeciai Handl; n1. V 3 TO -r__• Include hdE.edaresa is Section: V Recipients ❑ AS tItONL�YtioerrY ❑ HOLD at FedE eekdoon C Name Lisa Bright 1 561) 737. 3256 ,o.y ° me� ❑Avt g Phone NOT Available far Froglnto ael.n ZlP coda FedEx Fyet 0—0* FadF CLcor" F.* 41 --Don*A 0a�e boa must bg che�cked�. t--- 0 c Company Boynton Beach CRA ® No ❑ Yes yV p.r etecMd ❑ Yes ❑ Dry lca Z�O Recipiem's Sa�Decl.ra p, Drk..s.uN,eas_ Sbgpera oedar.00n na Address 639 E_ n Danbe—.000dcre�k.*gctymel«are be hiboai.Fk&0&.R% ❑ Cargo W .not derv.to P.D.box or PO LP codes Ceara A�TF�T17lA 7 Payment eairb: oeptmnarrspi�tran, 1---rrrhr FNrx Aat Na a a.re c.N N.wbw. ---� ' Sender ❑Recipient El Third party [:] Credit Card Address S�'e 103 Axc No.h s.c bra ,will be tiled y Tor.pu..t°wck.g.b.heW.t.rpeciflc fadEx bc.don,print FedEx.ddres.Here. F.*.A—N. G.&Cord Ne C— - RniTIlf nn RaaGh state FT nP 4 TowPwb@n T43WW0 0 TOW Dsckjedvawrat— $ .ro torr fiebi ily is united In$100 wim you decWe a higher value.See back for demis. f t f • r3 � 8 Sign to Authorize Delivery Wehout a Signature 81'using this Ake you agree to the service c0nd bons on the back of ttus Airbill .. and in our current Service Guide,including tarns that Whit out liability. — Questions?visit our Web site at fedexcom BY WOONiiiiiQ You de n,*a us m hold h t mi es hi any without obtaining a signature 0311415551 aM WOO hold us ha mle.s tome ryreeuh ng claims. or call 1.�0.6ofedEx 1.800.463.3339, MS-P-DaH„t93•Pett nsens•®tssatap Fatx.PwNtEo w use Exhibit "A" Direct Incentive Application FIRST AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT FIRST AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT (hereinafter "Amendment") is dated as of this 24'h day of April, 2008, by and between the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes (hereinafter "CRA"), with a business address of 915 South Federal Highway, Boynton Beach, Florida 33435; and BOYNTON WATERWAYS INVESTMENTS ASSOCIATES, LLC, a Florida limited liability company (hereinafter referred to as the "Developer" or "Boynton Waterways"), with a business address of 155 South Miami Avenue, Penthouse 2A, Miami, Florida 33310. RECITALS WHEREAS, CRA and Developer entered into that certain Direct Incentive Funding Agreement with an effective date of April 25, 2005 (the "Agreement") concerning direct incentive funding for the project known as the Promenade, and WHEREAS, CRA and Developer originally modified certain terms of the Agreement in a First Amendment to Direct Incentive Agreement effective January 9, 2007, on the terms set forth herein as shown in underline and strike-through format, and WHEREAS, the original Amendment was misplaced; and WHEREAS, CRA and Developer desire to execute this Amendment to replace the misplaced Amendment; NOW THEREFORE, for and in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed herein between the parties as follows: Section I. Recitals. The foregoing recitals are true and correct at the time of the execution of this Amendment and are incorporated herein. Section 2. Commencement of Construction. Section 4.1 of the Agreement is hereby amended to provide as follows: Developer shall apply for a building permit with the City no later than twelve 180 days inenths from the date of the expiration of the extension previously granted by the CRA Board (July 20 2006 . Thus the new date for Develo er to apply for a building permit with the City and pay for all necessary building permit application fees shall be January 16 2007. efigiiial approval of the +e Diail 'k y the City COmmission, i.e., no later than twelve (12) inenths ftem Y* 20, 2004. The Develepef shall haNe the r-i& to extend the Gammeneement, Date by iip to twelve (1-2) months en a showing by Developer-to the CRA that the Develeper-has diligently pursi either applying fer a building permit, of eei%tt:uetion start, that any delay is beyond control of the_e-,=elou building permit for the pfejeet issued by the GAy. Developer's rights to receive the benefits of this Agreement are further subject to the following provisions: (sections 4.1.1 and 4.1.2 remain the same). - 1 - Section 3. Affordable Access Units. Sections 5.1.1., 5.1.2., 5.1.3., 5.1.4., and 5.1.5., of the Agreement are hereby deleted in their entirety. New Section 5.1 shall hereby read as follows: 5.1 Affordable Access - Residential. Pursuant to mutual agreement reached by Developer and CRA at the CRA Board meeting.,of November 14, 2006, Developer shall not be required to provide Affordable Access - Residential units, Accordingly, Developer's right under the Agreement to receive 49 percent of the Project Increment Revenues received by the CRA shall be reduced to 47.5 percent as set forth within the revised definition of"Pledged Project Increment Revenues." Section 4. Pledged Prosect Increment Revenues. The definition of "Pledged Project Increment Revenues" is hereby amended to provide as follows: "Pledged Project Increment Revenues" means 49 47.5% of the Project Increment Revenues received by the CRA. Section 5. Ratification of Agreernent. The Agreement is hereby ratified by Purchaser and Seller, and, except as amended herein, shall continue in full force and effect in accordance with its original provisions. This Amendment is pail of the Agreement; provided however that in the event that there are any inconsistencies between the terms and provisions of this Amendment and the remaining portions of the Agreement, the terms and provisions of this Amendment shall govern, control and prevail. Section 6. Entire Agreement. The Agreement as amended by this Amendment embodies the complete agreement between the par-ties with respect to the subject matter hereof, This Amendment may not be amended, supplemented or modified in whole or in part except by an instrument in writing singed by the parties. IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above. BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC., a Florida limited liability company By: Its Managing Member, Panther Boynton, LLC a Florida limited liability company s a iager Witness Print Nam lin W% ,ss Date: Print Name - 2 - BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Wit 12 Jerry ylor iairperson ll Date: '' d' Pr* VName Wit ss Print Name STATE OF FLORIDA mi , SS: COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared gj;e...( 1 as of BOYNTON WATERWAYS INVESTMENT ASSOCIATES50 LLC., and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC., for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON �tomc)r AYS INVESTMENTS ASSOCIATES, LLC H e 1rsona ly knowhas produced. as identifica, io IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this ay of 5207 My Commission Expires: Notary Pu' c, State of Florida at Large ttttt,t,j,,, JENSYANN MILLS v ° m� Notary pubk C-Stale of FWds D WM Apr commission 0 pQ 542 . ,. Bonded By National Notary IJ9 tl14t STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to ad inister oaths and take ac owledgments, personally appeared s ro r as Cr 4 r xL.4 Q of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY He/ e is personally known to me or has produced as I entifica#ion. IN WITNESS OF THE FOREGOING, I havg..Aet my hand and official seal at in the State and County aforesaid on this of , 2005 My Commission Expires: Notary Public, State of Florida at Large IAClient Documents\Boynton Beach CRAQ419-0061MiscIREVISED FIRST AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMEN'r.doc SUSAN E.14ARRIS Nota P -StMe o1 Fkd(s (28W*dThm*N*WWNoWyAqm. Ezp 0Ct11,2011 Cot s10n M DID 728926 - 4 - SECOND AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT THIS SECOND AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT (hereinafter "Second Amendment") is entered into as of this r- 1-11�'day April, 2008 by and between the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes (hereinafter"CRA") with a business address of 915 South Federal Highway, Boynton Beach, Florida 33435; and BOYNTON WATERWAYS INVESTEMENT ASSOCIATES, LLC, a Florida limited liability company (hereinafter referred to as the "Developer") or "Boynton Waterways", with a business address of 155 South Miami Avenue,Penthouse 2A,Miami, Florida 33310. RECITALS WHEREAS, CRA and Developer entered into that certain Direct Incentive Funding Agreement, with an effective date of April 25,2005, as modified by that certain First Amendment to Direct Incentive Funding Agreement dated January 9th, 2007 (collectively, the "Agreement") concerning direct incentive funding for the project known as the Promenade; and WHEREAS, CRA and Developer desire to modify certain terms of the Agreement on the terms set forth herein. NOW THEREFORE, for and in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed herein between the parties as follows: Section 1. Recitals. The foregoing recitals are true and correct at the time of the execution of this Second Amendment and are incorporated herein. Section 2. Pledged Project Increment Revenue. Effective May 1, 2008, the Pledged Project Increment Revenue, as defined in the Agreement, due to the Developer in the first year of the ten (10)year term as set forth in Section 6 of the Agreement shall be reduced by an amount equal to the difference between the amount of rent paid by Boynton Waterways pursuant to that cert in I _n ,!Jease agreement between CRA (as "Landlord") and Boynton Waterways (as "Tenant") da -yl- —j1 2008 (the "Sales Trailer Lease") Subtracted from the actual amount of: (i) real estate taxes on the leased property; plus (ii) the insurance premiums paid by the CRA on the leased property from the Effective Date of the Sales Trailer Lease, that is April 1, 2008 until the Sales Trailer Lease is terminated. CRA shall file a reduction in the assessed value of the leased property and/or adjustment to the real estate tax valuation for the leased property for calendar year 2009 and for each year thereafter until the Sales Trailer Lease is terminated. CRA shall purchase only so much insurance as is commercially reasonable under the circumstances, giving due consideration to any insurance purchased by Tenant. No part of any general or umbrella policy of CRA shall be allocated to the leased property. Insurance shall be for areas of coverage that are commercially reasonable under the circumstances. The Landlord acknowledges that Landlord shall not insure the improvement of the sales trailer itself, this being the responsibility of the Tenant to obtain such coverage as Tenant believes is reasonable. Section 3. Ratification of.Agreement. The Agreement is hereby ratified by CRA and Developer, and except as amended herein, shall continue in full force and effect in accordance with its original provisions. This Amendment is part of the Agreement; provided however that in the event that there are any inconsistencies between the terms and provisions of this Amendment and the remaining portions of the Agreement, the terms and provisions of this Amendment shall govern, control and prevail. Section 4. Entire Agi-eement. The Agreement as amended by this Second Amendment embodies the complete agreement between the parties with respect to the subject matter hereof. This Second Amendment may not be amended, supplemented or modified in whole in part except by an instrument in writing signed by the parties. Section 5. No Default. CRA acknowledges and agrees that there are no defaults or breaches of the Agreement on the pail of Developer and that as of the date hereof, no circumstances or state of facts exist which for any reason would give CRA the right to pursue any claims or any other recourse or remedy against Developer provided under the Agreement either at law or equity. As of the date hereof, CRA agrees, acknowledges and understands that Developer has performed all of its obligations under the Agreement, including but not limited to compliance with Section 4.1 as to application for building permits. Section 6. Amendment Paramount. In the event that any conflict between the terms of the Second Amendment and the terms of the Agreement exist, the terms of the Second Amendment shall control. Except as amended and modified herein, the remaining terms and provisions of the Agreement shall remain in full force and effect and are affirmed as originally set forth therein. IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of the date first written above. BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC. a Florida Iftnited liability company C" By: PANTHER BOYNTON,LLC, a Witness: Florid limited liability company,as Print name: 1in ''fiber Jo ma gin Witness > Dafin, eqer Z- Print name: Date: BOYNTON BEACH COMMUNITY REDEVE LOPME NT AGENCY Witne Print name:me. &L' By: , Chairperson Witness, Date: Print name: 14rh STATE OF FLORIDA NI&JIq'i— SS: COUNTY OF PALM-BEACH : BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared t i e- j 6t I 1"k, - as MeV44i,- of BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC,for the use and purposes mentioned herein and that the instrument is the act and deed of WATERWAYS INVESTMENT ASSOCIATES, LLC. thepersonally nowri to me has produced IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on thidA%, day of )LA14 2008. 0 4e6� r � AA Notary Pdbllc, State of Florida at Large My commission expires: JERRYANN MILLS Nolary pubk-State of F Expires Apr 19,2010 commission 0 DD 54260 Bonded By National Notary Assn, STATE OF FLORIDA SS: COUNTY OF PALM BEACH : BEFORE ME, an officer duly authorized b law to administer oaths and take ackii,.owledgements, personally appeared ;je� ;- (sy— as-C of BOYNTON BEACH COMMUNIYY RhDEIELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH REDEVELOPMENT AGENCY He/she is personally known to me or has produced as identific-a—tion—, --- IN WITNESS OF THE FOREGOING, I have set my hand and official seal at in the State and County aforesaid on this day of , 2008. Notary Public, State of Florida at Large My cornmission expires: OEMSUSAN E.HARRIS Notary Public- Stale of Florida U& v Icy Commission Expires Oct 17.2011 D 725926 Commission 0 D Bw&-dTWough National Notary Assn. THIRD AMENDMENT DIRECT INCENTIVE FUNDING AGREEMENT BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, (hereinafter "CRA") and BOYNTON WATERWAYS INVESTMENT ASSOCIATES, LLC (hereinafter "DEVELOPER"), enter into this Third Amendment of their Direct Incentive Agreement ("DIFA") as follows; WHEREAS, on April 25, 2005, the CRA and Developer entered into a DIFA (twice amendment) which provides for the payment of project incentive revenues by the CRA to the DEVELOPER, and WHEREAS, the Direct Incentive Funding Agreement (hereinafter ("DIFA") required DEVELOPER to provide, by recorded restrict covenants, public parking and public access; and WHEREAS, the DIFA Agreement and public parking and public access of the CRA contemplated the continuous operation of the property as a condominium for term of the DIFA Agreement; and WHEREAS, the required restrictive covenants were contained the Declaration of the Promenade Condominium recorded on April 24, 2010 commencing at Page 1695, Book 23811 of the public records of Palm Beach County, Florida; and WHEREAS, the parties intend by this Amendment to provide for termination of the DIFA and the payment obligations of the CRA in the event of the germination or conversion of the Promenade Condominium.. 1 NOW THEREFORE, the parties agree as follows:. I. The WHEREAS clause are true and correct. 2. Section 8.7 of the DIFA is amended to read as follows: 8.7. Termination. The obligations of DEVELOPER and the CRA shall terminate upon the earlier of (i) expiration of the project increment revenue payments to DEVELOPER as provided in Section 6 above as a result of the expiration of the agreed upon payment period; or (ii) failure by the DEVELOPER to commence construction of the project on or before Construction Commencement date set forth in Section 4 above, unless extended as provided therein; or (iii) at the option of the CRA following the termination of the Promenade Condominium. A copy of this Amendment of the Direct Incentive Funding Agreement shall be recorded in the Public Records of Palm Beach County, Florida. BOYNTO BEACH COMMiJNI VF,LOPMENT AGENCY By: PrintrP1e: 3- T' n 9 Witncsse 4 `r =` ] DEVELOP o- nn Awl By: t YPromw4t. AM,14 14344 Printe• i4, gbte Title: ' tit Mc Witnesses: � t D r�,-50(1, � v HA20071070473 MCR& ird Ad m to Direct Incentive Funding Agreemyent.doc "UMJ BOYNTO RA dp'I,�I�!dir�pio�� B EAC — CRA BOARD MEETING OF: March 13,2013 o Ii i I X I NewpudnessI iLegali tExecutive Director's Consideration of Performance Audit and DIFA Payment Release to PRH Boynton Beach, LLC for e Property known as Casa Costa, formerly e CRA entered into a Direct Incentive Funding Agreement (°iA t") with Boynton Waterways Investment Associates °1 25, 2005 for the propertye (Attachmetit I - original agremnent and three subsequent is attached). Two payments have bem made under the Agreement. August 1, 2011 $128,359 and$409,237 on April 23,2012. The property was purchased by PRH Boynton Beach, LLC. Attachment 2 is the Certificate of Title dated December 13, 2012. On February 28, 2013, the CRA received the required Performance Audit (Attachment 3) as required in Section 5.4 of the Agreement, from PRH Boynton, LLC, The Performance Audit is in compliance with theAgreement. Section 6.3 'Disbursement ofF &'states payment will be released "...after the C 's acceptance of the r in Section 5.4...." The payment due of $399,345 (Attachment ) is budgeted its FY 2012-2013 and is the third payment of a total of ten consecutive payments(Section 6.1 of the ). FISCAL IMPACT: 5.00—Proj t -5 CRA PLAN., PROGRAM OR PROJECT: Federal Highway Corridor Commmity Redevelopment RECOMMENDATIONS/OPTIONS: Accept the Audit and approve the DIFA payment of$399.345.00 to PRH BoyntonBeach, LLC. Vivian Brooks Executive Director ATTACHMENT CERTIFICATE OF TITLE 1111111111111111111110 rp CFN 20120515751 i OR BK 25679 PO 1132 RECORM 12/27/2D12 M2402 I JUDICIALPalo Beach County, Florida , IN AND FOR PALM COUNTY,1Jff 2,131,8W.W BEACH FLORIDA Dou stoup 14,9M.so t y NO.50-2012-CA-8 129 DIVISION. AE WE FARGO BANK,W tMA NATIONAL ASS e7N% + � :. 1 r T 71ATE!*, �-. limited liability { rltCONDOMINIUM :?r ASSOCIATION,IN lofida not for profit corpomtion. CD' -, Deferidan ts. f s I' SHARON R. BOCK, C)Vf theabove-entitled Court, do hereby certify ! executed and filedCertificate oftis tion n� r the i a ' i s t to ve fil int e time allowed for filing objections, The ro in Patimy, Florida described iii the attached Exhibittogether with all existing or subsequently erecled or affixed buildings, improvements, i t sold to PRH BoyntonLori limited ility company, whose addwss is Investments, , 31 i e Mimni,Florida 33131. Witness y hand and seal of this Courto ,2012. r % BOCK L / Clerk f CiSHARON rcuit Court • 1 r `COURBy: T ` M Deputy ClerkL Copiesu i All panics listed on t I2S IS3t;l} LIST SERVICE C. Mauro,Esquire 222 'cw Avenue )22 'too X0 West P each,fi 561/653- 561/659-63 l - lf r '&7Ci =�gakcrnwmxom n1m#kroesen@Acrman.com Peter P. f 1 it � %Bank ": squ 50 North Laura Street ie Suite 3 Jacksonville,FL 3 'i !: 1 lai. .co t Afterney Y V . Allen .Levhw, �i 3111 Stirling Fort Lauderdale, FL 33312 Email: vi c - Promenade Won each Condominium Associatt c/o CT Corponfion Systems 1200 South PineIsland Plantatiori. tissaiszs;i f r EXHIBff A REAL PROPERTY LEGAL DESCRIPTION *I of land being a portion of Lots 24 and 25 of DEWEY'S SUBDIVISION, it of Peach,recorded in Plat Book 1,page 37,public recoxds of Palm Bach County,Florida. W sai eing more particularly described as follows- Comm at ffic Southeast comer of Lot 25. of teabove mentioned plat DEWEYS SUBDI N; then ce with a bearing of North 0 1*08'50" West along the East line of Lot 25,a I feet 4 '' _ej distance o 4 1 feet to the North right of way line of Boynton Beach Boulevard and the Point of Beginnin ce with a bearing of North 8 9*5(Y 17" West along the North right of way line 0 d f Bo ton oulevard, said line lying 45.00 feet North of the South line of Lot 25, a yn n distance of 291. et to a point; thence with a beadnS of North 0015745" West along the East right of way fine ral Highway,a distance of 596.97 feet to a point on the North line of Lot 24, thence with a of South 99046'04" Fast along the North line of Lot 24, a distance of 281.5 8 feet to a poi e with a bearing of South 01'08'50"East along a line 9.00 feet West of the Ent line of W 9.03 feet to a point-, thence South 89"46'04 East, a distance of 9.00 feet to a pabit on the f Lot 24:thence with a bearing of South 01'08'50" East along the East line of Lots 24 and 2 fitance of 499.62 feet tic Point of Begimdng. AND A parcel of land being a portion 24 of DEWEY'S SUBDIVISION, CITY OF BOYNTON BEACH,according to the plat th as recorded in Plat Book 1, page 37 of the public records of Palm each County,Florida,sai el being described as follows: Begin at the Northeast comer of Lot nee on an assumed bearing of South 0 1 0013150" East along the East line of said Lot 24. a e of 98.03 feet. thence North 99*46'04" West. a distance of 8.00 feet to a point on a fin to 8.00 feet West of and parallel vAth said East line of Lot 24, thence No 01009'50" West along said parallel line, a distance of 98.03 feet to a point on the Notth line of said Ixt 24; thence South 89*46'04" East along the NoM line a distance of 9.00 fed tat Point of Beginning. NOW KNOWN AS: All off plat of Promenade Place,according tote plot thereof, as recorded in It Book 112, pages 83 and 84, as amended by Surveyor's Affidavit recorded March 3, 2010 in Official Records Book 23722,page 475 of the public records of Palm Beach County,Florida. THE ABOVE IS NOW FURTHER KNOWN AS: All of the Promenade Condominium, a Condominium, according to the Declaration of Condominium thereof, recorded in Official Records Book 23911, page 1695, oft public records of Palm Beach County,Florida. 123142755,11 Book25679/Pagel 134 Page 3 of 4 LESS AND EXCEPT THE FOLLOWING UNITS: NORTH TOWER- t 09-N Unit 501- Unit 511- Unit 615-N Unit 715-N UQ?-N Unit 502-N Unit 602-N Unit 701-N Unit 804-N W Urn -N Unit 503-N Unit 604-N Unit 704-N Unit 808-N SI' -A U -M Unit 509-N Unit 6 1 O-N Unit 709-N Unit 915�N U Unit T Unit 51 0-N Unit 614-N Unit 710-N Unit 901-N Unit 903 Unit I OD4-N Unit 1015-N Unit 11 12-N nit 1212-N UM904-No Unit 1005-N Unit 11 1- Unit 111 Unit 1213- ii 906-N Unit 1006-N Unit 1102-N Unit 1201-N Unit 1215- `t 9D7-N Unit 1009-N Unit 11 05-N Unit 1202-N Unit 1407-N Unit 909-N Unit 1009-N Unit 1106-N Unit 1203-N Unit 1409-N Unit 910-N c> nit 101M Unit 11 07-N Unit 1205-N Unit 1410-N Unit 91 I-N it 101 I-N Unit 11 09-N Unit 1206-N Unit 1412-N Unit 913-N (1%1012-N Unit I I I M Unit 1209-N Unit 1414-N Unit 1001-N P14-N Unit 1111- nit 1210-N SOUTH TOWER: Unit PHI 2-S Unit 1008-S Unit 1407-S co) Uh all of the Promenade Condornini*3 Condominium, according to the Declaration of Condominium thereof, recceded in 0 — Records Book 23811, page 1695, oft public records of Palm Beacb County,Florida.iw 1255427. I ISM Book25679/Pagel 135 Page 4 of 4 www.suabiz.org-Department of State h :l biz.or /rc ts/cordet.cxe? °on= E doa_... r- 4 I P As n LI n st R `urn o List No Events No Name History Detail by Entity Floridai i `r iii Compan PRH BOYNTON BEACH MANAGER,LLC This detail screen does not wntain Information about the 2013 Annual Report. II 'S n to deteranine if the 2013 Annual Report has been filed. Search Now Filing Information Document Number L13000029254 FEi1EIN Number NONE Date Filed 02/26/2013 State FL Status ACTIVE Principal Address 315 S.BISCAYNE BLVD. 4TH FLOOR MIAMI FL 33131 Mailing Address 315 S. BISCAYNE BLVD. 4TH FLOOR MIAMI FL 33131 CORPORATERegistered Agent Name&Address CREATIONS , INC 11380 PROSPERITY FARMS ROAD 21- PALM BEACH GARDENS FL 33410 U Manager/Member II Name&Address NONE Annual Reports AnnualNo Reports Filed Document Images of 2 315.7013 11:05 AM www.sunbiz.org-Department of State :ii iz.orgi i co .exe? tion= i d _ . jr f RPrevious on List Next on Ust Retum To List Ev No Narne History Detail by Entity Name Trademark i THE RELATED GROUP Filing Information Docurnent Number 707000000171 Date Filed 02105/2007 Expiration D 02JO512017 Last Event RENEWAL Event Dats Filed 12112/2011 Event Effective Date NONE First Used in Florida 05/2312006 First Used Anywhere 05/2312006 Status ACTIVE Mark Used In Connection With RESIDENTIAL CONDOMINIUM DEVELOPMENT,SALES AND MANAGEMENT Disclaimer For GROUP Owners Name&Address THE RELATED GROUP 315 S. BISCAYNE BOULEVARD MIAMI FL 33131 SAA-0037 0000 00000 00000 000 OOODDODOOOO OOOOOODDOW 00000000000 013000000000 0000 0000 00000000000 ODD00000000 000000000a a0 ®00000 00000000000 00000000000 000 000000 00000000004000000 00000000000 00000000000 0000 00000 Cross n No Cross Reftrence Document Images 12.!1212011—'Trademark/Renewal Mew Image in P DF ibmet View 1212101 COI ONC in POF fonnati oft 3'5i2013 11:06 AM BOYN 'CRA I Put G loomBE CF CRA BOARD MEETING OF: October 10, 2016 Business l Now BusinessI I Legal l l Information I AGENDA ITEM: XIV. G. SUBJECT: Consideration of Casa Costa Direct Incentive Funding Agreement(DIFA), Assignment Request. SUMMARY: The CRA entered into a Direct Incentive Funding Agreement (DIFA) ("Agreement") with Boynton Waterways Investment Associates on April 25, 2005 for the property known as The Promenade (Attachment I - original agreement and three subsequent amendments attached). Under this agreement, two (2) DIFA payments were made to Boynton Waterways Investment Associates totaling $537,596. The Promenade property was subsequently purchased by PRH Boynton Beach, LLC, in December of 2012 (see Attachment II - the Certificate of Title dated December 13, 2012) as well as assignment of the original DIFA agreement including all rights, privileges and obligations required to be performed in order to be eligible to receive the DIFA funding. Under this first assignment agreement, PRH Boynton Beach, LLC, four(4) DIFA payments were made to PRH Boynton Beach, LLC, totaling $1,829,912 (see Attachment III for DIFA payment breakdown). CRA staff received an email and letter from William Sklar, P.A. requesting CRA Board approval of the proposed assignment of the existing DIFA agreement from PRH Boynton Beach, LLC, to Andrew Podray and/or assigned subject to closing of the transaction between to two parties (see Attachment IV). The DIFA agreement funding term is a total of ten (10) payments or ten years to receive funds. As of the date of this meeting, six payments have been made totaling $2,367,508 and there are four (4) years remaining under the agreement. FISCAL IMPACT: None. CRA PLAN, PROGRAM OR PROJECT: CRA Redevelopment Plan, Downtown Master Plan. RECOMMENDATION:CRAAB Option Approve the request for DI FA assignment from PRH Po ntin Beach, I.J...C, to Andrew Podray and/or assigned. CRA BOARD OPTIONS/MOTION: Option 1) Approve the request for DIFA assignment from PRH Boynton Beach, LLC, to Andrew Podray and/or assigned. Option 2) Do not approve the request for DIFA assignment from PRH Boynton Beach, LLC, to Andrew Podray and/or assigned. WcRa-el gimon, rssi-s-tantDirector TAAGENDAS,CONSENT AGENDAS,MONTHLY REPORTSICompleted Agenda Item Request Forms by Meeting\CRA Board\FY 2016- 2017 Board MeetingslOct 20161Request for DIFA assignment-Casa Costa.docx Meeting Minutes CRA Board Boynton Beach, Florida October 10, 2016 Vote The motion unanimously passed. E. Consideration of moving the Nov. 8, 2016 CRA Board Meeting to Wed., Nov. 9, 2016. due to the National Election Day Schedule. Motion Vice Chair McCray moved to approve, Mr. Katz seconded the motion that unanimously passed. F. Discussion of Legal Representation of the CRA Advisory Board (CRAAB). Mr. Simon asked if legal attendance at the CRA Advisory Board meeting was desired, if it be available on an as-needed basis, or if the Board should ask the City Attorney to attend the CRA Advisory Board as it is a City Advisory Board. The City has legal representation at some of their meetings, but not all. The Planning and Development Board, Board of Adjustments and Appeals, and the Pension Board have counsel. Other Boards such as Arts Commission and Historic Preservation Board do not have counsel present. The CRA Advisory Board did not discuss the issue. Mr. Casello commented they had discussed this afternoon that the Advisory Board recommendations come to the Board who has legal counsel. He did not think another legal level was needed and did not favor counsel being present as did Vice Chair McCray. Ms. Romelus suggested providing counsel on an as-needed basis, i.e. the CRA Consolidated Plan, when the Board so desired. She agreed with Mr. Casello, but thought it may be necessary in some instances. Mr. Katz did not feel the cost would be justified on a monthly basis. Attorney Duhy clarified no motion was necessary. There was consensus unless specifically requested by the CRA Board or City Commission, that Legal Counsel is not needed at CRA Advisory Board meetings. G. Consideration of Casa Costa DIFA Assignment. Attorney Duhy explained the CRA received a request to have the Casa Costa rights and obligations under the Direct Incentive Funding Agreement (DIFA) transferred/assigned to another entity in its entirety. The current agreement requires Board approval because substantial completion, under the definitions in the DIFA, has not been completed. The only amendment she saw would be to make it explicitly clear that the assignee is taking on all of the obligations and understands it relieves the assignor of all its responsibilities and obligations pursuant to a provision in the DIFA. Mr. Katz asked if the CRA was legally obligated to transfer the DIFA and learned the assignment is within the Board's discretion, 15 Meeting Minutes CRA Board Boynton Beach, Florida October 10, 2016 and is not to be unreasonably withheld. If there is a reasonable basis within the Board's purview to deny it, they could. Mr. Katz commented the language required efforts to be made to fill the retail to qualify for the DIFA on an annual basis and there was no language that said they must. He wanted to amend the contract to say you have to take on tenants and thought it was unacceptable in certain situations to give money away when the retail units are vacant. He wanted stronger language to fill vacant retail locations. Chair Grant commented the language indicates no tenant would be unreasonably dismissed. William Sklar, Carlton Fields on behalf of the owner, PRH, advised the proposed assignee, Andrew Podray,*was present. Mr. Sklar explained this item is in conjunction with 12 commercial units, three of which are occupied and it is intended the assignee assume all the obligations. He commented he would be happy to add language to make it as clear as can be that all the obligations under the DIFA as amended will be assumed and performed by Mr. Podray. Mr. Casello commented there are 12 retail units and for the last six years, CRA made $2.3 million in DIFA payments and only three of the 12 units are occupied. Mr. Sklar explained much of it was attributable to the sale of other units, not only the commercial space. When PRH purchased the residential units, there was turnover in the Association. There have been efforts made to lease the space and the leasing broker was also present. He could not attest to what was done or not done regarding the retail space, but there were three commercial tenants put in place and he had to defer to others regarding the efforts to fill up the other units. Mr. Casello thought future DIFA agreements with other developers should not be transferred with the sale of the property. He thought each one should be undertaken on an individual basis with the new owner. He understood the CRA may be legally bound to make the transfer, but in the future, when offering millions in taxpayer money without results, the Board should renegotiate with the new buyer and did not think the DIFA should not be a selling point for the property. Chair Grant noted new development was not asking for the DIFA. Mr. Casello agreed but commented it should be done for those that ask for the DIFA. Andrew Podray, 800 N. Road, founded a company named American Housing Enterprises. It is a real estate development firm that holds many types of assets such as multi-family, office, retail, industrial site acquisition and development of empty land. Mr. Podray explained he has unique expertise in filling plazas such as Casa Costa. He provided his expertise and development background, mostly with bank foreclosurers and empty properties. He anticipates, if the Board approved transferring the DIFA to him, he anticipated 40% to 50% occupancy rate within the first 18 months to two years, and after that, a 70% to 80% occupancy rate in about three years. He would accomplish this by docking the rents. He gets good deals on the property; he pays cash and closes quickly, 16 Meeting Minutes CRA Board Boynton Beach, Florida October 10, 2016 and passes the savings onto the tenants. Chair Grant asked if Mr. Podray was aware of the grant programs for new retail tenants and advised he was apprised of them. Ms. Romelus ask if Mr. Podray was willing to put a timeline in the agreement and Mr. Podray responded to the best of his knowledge that is the timeline to lease up the property and it only benefits him to do so. He has no incentive to keep the development empty, and would start by removing the paper on the retail glass windows. Vice Chair McCray asked Mr. Podray if he was in agreement with what was being proposed as the assignee in the agreement. Mr. Podray responded he was. Chair Grant understood he was referring to 40% filled and the eight retail units within three years. Mr. Podray explained based on his experience, it would not be overly difficult and he does not benefit if the units are empty. Mr. Sklar explained this was conditioned on the sale and closing to Mr. Podray within the next 30 days. If not he would hopefully return with another buyer. Motion Vice Chair McCray moved to approve the DIFA as counsel had indicated would be drafted with stronger language which Mr. Podray had agreed too. Attorney Duhy clarified Vice Chair McCray's motion was to approve the proposed assignment of the DIFA as drafted with the amendment Attorney Duhy had suggested acknowledging the transfer of all developers obligations and rights under paragraph 9.2 of the DIFA. Mr. Katz seconded the motion that passed 4-1 (Mr. Casello dissenting.) H. Consideration of ILA between the City of Boynton Beach and the CRA for the Neighborhood Officer Policing Program. Mr. Simon explained this item is to approve the Interlocal Agreement (ILA) between the CRA and the City for the exchange and processing for the funding for the Neighborhood Officer Program. The budget was attached. The costs permitted by Statute were clearly delineated. Vice Chair McCray explained he represents District 11 and a citizen asked where the Segways were as he did not see anyone using them. He understood they were in operation for one year, but he thought they needed more visibility on the streets, reaching more young people. He did not receive a definite return, but would support the program for another year. 17 COSTA CENTER,LLC INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES Steven E. Price Certified Public Accountant To the Members Costa Center,LLC Miami, Florida.33131 We have performed the procedures enumerated below, which were agreed to by the management of Costa Center, LLC solely to assist you in the submission of your performance audit to the Boynton Beach Community Redevelopment Agency ("CRX') pursuant to the Direct Incentive Funding Agreement dated April 25, 2005, This agreed upon procedures engagement was conducted in accordance with attestation standards established by the American.Institute of Certified Public Accountants.The sufficiency of the procedures is solely the responsibility of those parties specified in the report. Consequently, we make no representation regarding the sufficiency of the procedures described.below either for the purpose for which this report has been.requested or for any other purpose. We performed the following procedures in order to determine that you are offering 10% of the retail space(1,930 square feet) of your property (total retail square foot 19,300), Casa Costa, fortnerly known as The Promenade, at 400 N. Federal Highway,Boynton Beach,FL,at one-half(1/2)of the average rental rate of non-program space. As per correspondence dated February 9, 2011 provided to us from the CRA,this rate was determined to be no higher than $12.50 per square foot based upon an analysis of comparable retail rentals in October 2010 and you have confirmed that you have no requirement to update this analysis for purposes of the Direct Incentive Funding Agreement. 1. We verified that Current Capital Realty, License number CQ1026113 is a licensed real estate broker in the State of Florida by verifying the license on mv�y.ngL2foridalLcen _m(see Exhibit A). �, — —§g - 2. We received outside verification.fro m,Current Capital Realty that confirms: a. Current Capital Realty is a Florida licensed real estate broker that has been retained as the exclusive broker for Casa Costa effective June 1,2017(see Exhibit B). b. A minimum of 1011/o of the total 19,300 commercial. square footage has been rented and or offered at the CRA's affordable access rate at the maximum rate of$12-50 per square foot which is one-half of the average market rental rate. 1 We reviewed the executed lease for unit CU-1 with Florida International Consulting Engineers Design, Inc.for approximately 2,173 square feet at the initial base rent of$12.50 per square foot and determined that this lease satisfied the CRA's affordable access rate requirement. We also reviewed the Tenant General Ledger Detail Report and confirmed that the base charges were charged in accordance with the lease. Based upon the above procedures perfonned and our findings, we hereby find that Casa Costa, formerly known as The Promenade,is offering retail space of a minimum of 1,930 square footage at the rate of$12.50 per square foot. We were not engaged to and did not conduct an examination,the objective of which would be the expression an opinion on the financial statements of Costa Center, LLC. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. lir r 1bld Beat lorida lorida January 25,2019 461 East Hillsboro Boulevard,Suite 200 Deerfield Beach,Florida 33441 Telephone(305)254-3200 www.PriceSFLCPA.com 1/23/2019 DBPR-CURRENT CAPITAL REALTY,Real Estate Corporation (EXHIBIT A) 4:59:09 PM 1,12312019 Licensee Details Licensee Information Name: CURRENT CAPITAL REALTY (Primary Name) Main Address: 4000 HOLLYWOOD BLVD SUITE 685-S HOLLYWOOD Florida 33021 County: BROWARD License Mailing: License Location: 4000 HOLLYWOOD BLVD SUITE #685-S HOLLYWOOD FL 33021 County: BROWARD License Information License Type: Real Estate Corporation Rank: RE Corp. License Number: CQ1026113 Status: Current,Active Licensure Date: 03/20/2006 Expires: 03/31/2020 Special Qualifications Qualification Effective Alternate Names View Related License Information View License CompLaint _ 2601 Blair Stone Road,Tallahassee FL 32399 Ernail: customer Contact Center Oustorner Contact Center 850 1187.1395 The State of Florida is an AA/EEO employer.Copyright 2007-2010 State of Florida.Privacy Statement Under Florida law,enraii aficiresses are pUblIC records.If you do fiat want your ernad address released in response so a public-recoi ds"reqUeSt, do not send electronic mail to this entity,instead,contact the office bv phone or by traditional rnail,if you!nave env questions,alease contact 850,487.1395,*Pursuant to Section 455.275(1),Florida Statutes,effective October 1,2012,licensees licensed under Chapter 455,F.S.must provide the Department with an email address if they have one.'fhe ernails provided may be used for offichil corninunication with the licensee. However email addresses are public record.If you do not wish to supply a personal address,please provide the Department with an email address which can be made available to the public. https://www.myfloridalicense.com/LicenseDetail.asp?SID=&id=71 D46ACB5080BB91 ECAE7091 DE46984B 1/1 m N NCL £7 Q t� O Q O A d O C d rte. 7 } of OD co CI*4 r.0 (MLOIt (6 r r 0) ~ L TCY) - CO r LO O r 0 �00 ' LO C) LO 1- LO r M 00 } tV c Ln L6 O � It 00 O d• ti N CO d• CD O r N Go o oo N cc Ln CD N N O r N d) d) � U LL 69 6969 69 619- {f} C) CD N o U a) U) W (D N cu cuW co ! 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SUBJECT: Consideration of Approval of Boynton Village, LLC a/k/a The Preserve's Performance Audit for Year Ending December 31, 2018 for Compliance with the Direct Incentive Funding Agreement SUMMARY: The CRA entered into a Direct Incentive Funding Agreement with Boynton Village, LLC in December 2006 for the construction of affordable, fee-simple for sale townhouse units as part of the Agency's home ownership program. Subsequent amendments were approved by both parties; the First Amendment dated January 2008; and the Second Amendment dated October 2010. (Attachment 1, 11 & 111) In June 2015 the developer made the first request for distribution that was denied due to non- compliance with the Agreement. The developer engaged a CPA, as required under the Agreement, and submitted a request for the 2015 tax year distribution. The first payment was made on March 14, 2016 in the amount of $45,759 after receiving CRA Board approval on March 8, 2016. On February 20, 2018 the developer submitted a request for payment with their Compliance Audit for the tax years of 2016 and 2017. The CRA agreed with the Compliance Audit's 114 "qualified renters" documentation. After consulting with Legal and the developer's CPA, the CRA Board reviewed and approved the payment on June 12, 2018 in the amount of $73,611. As of September 30, 2018, a total of seven (2) payments have been made under the DIFA Agreement totaling $119,370 (see Attachment IV). On January 29, 2019, the developer submitted a request for payment with their Compliance Audit for 2018 (Attachment V). After a detailed review, CRA staff has determined that the developer is in compliance with the terms of the agreement. If approved by the Board, the CRA will be issuing the Year 4 payment for FY 2018-2019, in the amount of$77,762 (see Attachment VI). FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund 02-58400-443, $77,762 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1) Motion to approve of the request for payment to Boynton Wage, LLC in the amount of$77,762. 2) Other options as determined by the Board. ATTACHMENTS: Description D Attachment I - Executed DIFAAgreement D Attachment II - 1 st Amendment D Attachment III -2nd Amendment Attachment IV -Year to Date DI FA Payments D Attachment V -Tax Year 2018 Compliance Audit D Attachment VI -Year 4 Incentive Calculation i DIRECT INCENTIVE FUNDING AGREEMENT /d'tLis Directincentive Funding Agreement(hereinafter"Agreement") is entered into as of the day of 2006,by and between: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes, (hereinafter referred to as "CRA"),with a business address of 915 South Federal Highway, Boynton Beach, Florida 33435. And Boynton Village, LLC, (hereinafter referred to as "Developer"), with a business address of 2121 Ponce de Leon Boulevard, PH, Coral Gables, Florida 33134, and/or assigns. RECITALS: WHEREAS, as part of its strategy to encourage homeownership by families within certain income brackets, the CRA has instituted certain programs to provide incentive funding to developers, including the Direct Incentive Program for Workforce Housing adopted on August 8, 2006, for direct assistance offered by the developer to such qualifying homebuyers; and WHEREAS, at the September 12, 2006, meeting of the CRA Board, the CRA Board approved amending its Homebuyers Assistance Program and directed staff to begin negotiations with Developer to create between 25 and 50 affordable homeownership opportunities for a project known as The Preserve (hereinafter the "Project") (subsequently, Developer agreed to set aside 50 affordable units as set forth within this Agreement); and WHEREAS, Developer is hereby submitting to the CRA a proposal to offer to qualified homebuyers such assistance for the Project; and WHEREAS, the CRA intends to provide incentive funding to the Developer for such homeownership opportunities on the basis set forth herein; and WHEREAS, this Agreement is not intended to be a "Development Agreement" within the meaning of Florida Statutes, Section 163.3221. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed herein between the parties as follows: Section 1. Recitals. The foregoing recitals are true and correct at the time of the execution of this Agreement and are incorporated herein. O ACORD003-Boynton Beach CRA-Cornerstone DIFA—I0-27-06 1 Section 2. Definitions. As used in this Agreement, the following terms shall have the following meanings: "Affiliate" of a party means any corporation, partnership, limited liability company, trust or other entity controlling, controlled by, or under common control with such party (whether directly or indirectly through one or more intermediaries). For the purpose of this definition, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies, whether through the ownership of voting interest or by contract or otherwise. "Affordable Access Unit" means the fifty (50) units committed to by Developer to qualify for the affordable access as described in this Agreement(also described as "Workforce Housing" within the CRA Guidelines). "Agreement" means this Direct Incentive Funding Agreement and all exhibits and attachments thereto, as any of the same may hereafter be amended from time to time, by mutual agreement of the parties. "Developer" means Boynton Village, LLC, and any assignee or transferee of Boynton Village, LLC, that is permitted under this Agreement, from and after the date of such permitted assignment or transfer. "City"means the City of Boynton Beach, Florida. "Pledged Project Increment Revenues" means the Project Increment Revenues received by the CRA which are pledged to the Developer as set forth within Section 6.1.C. of this Agreement. "Project" means The Preserve as described above in the second "Whereas" clause, and as further described in the Application defined above and in the site plan defined below. "Project Increment Revenues" means the amount deposited in the Redevelopment Trust Fund for the Redevelopment Area pursuant to Florida Statutes, Section 163.387, which is attributable to the Project, using $1,025,000 as the 2004 base year amount in calculating such increment revenues, so that increment revenues for the Project are equal to all amounts over the base year amount. "Property"means the real property described on Exhibit "A", attached hereto. "Redevelopment Area" means those areas within the limits of the City which have been declared blighted in accordance with the provisions of Florida Statutes, Chapter 163, Part III. "Redevelopment Trust Fund" means the trust fund established pursuant to Section 163.387, Florida Statutes for the deposit of incremental revenues attributable to the Redevelopment Area. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 2 "Site Plan means that as approved by the City of Boynton Beach City Commission by motion and vote on April 5, 2005, a copy of which is to be attached hereto as Exhibit"B". "Substantial Completion" or "Substantially Complete" means the point at which the Palm Beach County Property Appraiser has placed the improvements on the Tax Roll. "Tax Collector"means the duly elected tax collector for Palm Beach County, Florida. "Tax Roll" means the real property ad valorem assessment roll maintained by the Palm Beach County Property Appraiser for the purpose of the levy and collection of ad valorem taxes. Section 3. Effective Date. This Agreement shall be effective on the date that the last party to sign executes this Agreement(hereinafter"Effective Date"). Section 4. Developer Obligations — Construction. Developer agrees to construct or cause to be constructed the Project as described in the Site Plan in order to receive the full Direct Incentive Funding as provided for in Section 6 hereof. The Site Plan may be modified from time to time in accordance with and pursuant to the Code of Ordinances of the City of Boynton Beach; provided, however, that Developer shall not have the right to substantially reduce the number of residential units, change the exterior appearance, including landscaping, the size or scope of the amenity areas, the number of parking spaces or to make any other change which would cause the Project to differ substantially from the approved Site Plan without the prior written approval of the CRA in order to receive the full Direct Incentive Funding as provided for in Section 6 hereof. "Substantially" as used in this Section means any change that would require a major Site Plan Modification. Developer and the CRA acknowledge, agree and understand that the Project is under construction as of the date of this Agreement. 4.1. Non-Discrimination. Developer agrees that no person shall on the grounds of race, color, disability, national origin, religion, age, familial status, sex or sexual orientation be excluded from the benefits of, or be subjected to discrimination under, any activity carried on by Developer, its contractors, sub-contractors, or agents, in the performance of this Agreement. Should such discrimination occur, the CRA will provide notice to Developer that it claims there has been a breach of this condition and thereafter, Developer shall have fifteen (15) business days to demand arbitration as to the claim of discrimination. The parties will then mutually agree in writing to an arbitrator and if they cannot agree, the rules of the American Arbitration Association will govern. The arbitration will be governed by the rules of the American Arbitration Association regardless of whether an arbitrator is agreed upon by the parties. This arbitration shall be independent of any other actions being taken by other governmental agencies. However, a finding by any other agency or court that such discrimination has occurred may be relied upon by the CRA as conclusive proof of a breach of this provision, provided such finding is final and not appealable. If Developer does not demand arbitration within fifteen(15) business days, or if arbitration is conducted and it is determined by the arbitrator that discrimination j occurred, the CRA shall have the right to terminate this Agreement and pursue any and all other lawful remedies. The cost of such arbitration shall be borne by the non-prevailing party. Such non-prevailing party shall be determined by the arbitrator. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 3 i 4.2. Convicted Vendor List. As provided in F.S. 287.132-133, by entering into this Agreement or performing any work in furtherance hereof, Developer certifies that it, and its affiliates, contractors, sub-contractors or agents who will perform hereunder, have not been placed on the Convicted Vendor List maintained by the State of Florida Department of Management Services within thirty-six (36)months immediately preceding the Effective Date. Section 5. Affordable Access Requirements. As a condition precedent to its receipt of any funds pursuant to this Agreement, Developer and its successors or assigns, shall implement an affordable access component to the Project as provided for in this Agreement, the CRA's Workforce Housing Direct Incentive Program Guidelines, and as set forth below ("Affordable Access Requirements"). Implementation and maintenance of the Affordable Access Program shall be as follows: 5.1. Affordable Access—Residential. 5.1.1. Developer agrees to set aside fifty (50) units designated as Affordable Access Units. 5.1.2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and No/100 Dollars ($50,000.00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus Models (see attached Price List marked as Exhibit "C" which is attached hereto and made a part hereof)to buyers whose income does not exceed 120% of Median Household Income ("MHI") for Palm Beach County as set by the United States Housing and Urban Development ("HUD") for the year 2006. Proof of income qualification for the Affordable Access Units shall be provided to the CRA prior to any disbursement of Pledged Project Increments Revenue. Examples of acceptable forms of proof include HUD closing statements executed by the buyer and seller; copies of two years of tax returns; and/or paycheck stubs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. 5.1.3. Qualifications.for buyers of the Affordable Access Units and related re- sale requirements and restrictions shall be found in Exhibit "D" attached hereto and made a part hereof(the CRA Homebuyer Assistance Program Guidelines 2006/2007). 5.1.4. The re-sale limitations and requirements set forth herein shall be included in the deeds of sale, to be executed by Developer as seller (or its successors or assigns) and the purchaser at the time of closing on the initial sale of the Affordable Access Units; shall constitute a covenant running with the unit; and shall be recorded in the Public Records of Palm Beach County, Florida. CRA shall approve the form of the deed prior to execution. 5.2. Performance Audit. Prior to receiving the annual allotment of Pledged Project Increments Revenue, Developer shall provide written audited verification, at its sole cost and expense, of substantial completion and of compliance with the requirement to sell 50 Affordable Access Units. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 4 5.2.1. This performance audit shall be conducted by an independent Certified Public Accountant(CPA), selected and paid for by Developer with the approval of the CRA. 5.2.2. With respect to the Affordable Access Unit component of the Program,the CPA must examine the qualifying income data for every purchaser identified as a qualifying purchaser pursuant to the Affordable Access Unit requirements and must certify, in writing, the eligibility of all such qualifying Purchasers under the Program. The written opinion must include verification of the number of residential units which are owned by qualified purchasers. Developer must provide all necessary documents to conduct the audit including, but not limited to,the executed deeds and closing statements. 5.2.3. The examinations and opinions required under this Section must be conducted in accordance with generally accepted accounting standards established by the American Institute of Certified Public Accountants. 5.2.4. The audit required pursuant to this Section may be performed in conjunction with other auditing services. 5.2.5. Disbursement of the Pledged Project Increment Revenues shall only occur upon the CRA's acceptance of a properly documented and supported audit. Disbursement of Pledged Project Increments Revenue shall be conducted pursuant to the Direct Incentive Program for Workforce Housing Guidelines. An example of such funding disbursement is attached as Exhibit E. 5.2.6. It is acknowledged, understood and agreed that Developer may not be able to sell each Affordable Access Unit. In the event that not all Affordable Access Units are sold, then the funds Developer would otherwise be entitled to shall be reduced by an amount corresponding to the percentage as set forth in Section 6.1.A herein. See also Exhibit E as an example. 5.2.7. Exceeding the agreed upon requirements of the 50 Affordable Access Units shall not entitle Developer to additional funding under this Agreement or to a credit or set- off against any reduction in funds due to failure to meet the other Affordable Access Requirements in earlier years hereunder. Section 6. Direct Incentive Funding. The direct incentive funding provided for under this Agreement is granted to Developer for the purpose of offsetting, in part, Developer's cost of creating fifty(50) affordable residential units. 6.1. Direct Incentive Funding Formula and Term. The CRA hereby agrees to direct fund, that is, to pledge and assign to Developer for a period of ten (10) consecutive years, as provided herein and below, an annual amount which equals the Pledged Project Increment Revenues as set forth in subsection 6.1.C. herein less any amounts deducted pursuant to the terms of Section 5 above due to the failure of Developer to comply with the Affordable Access Requirements of this Agreement. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 5 A. The Pledged Project Increments Revenue shall be awarded pro rata based on the proportion of Affordable Access Units sold to eligible buyers. For example, if ten (10) percent of affordable access units are sold in the first year the Project Increment Revenues are available, Developer is entitled to 10% of the eligible Pledged Project Increments Revenue that year. If, the following year 100% of affordable access units are sold, Developer is entitled to 100% of the Pledged Project Increments Revenues that year and in continuing years until the ten-year period has terminated. See Exhibit E attached hereto and made a part hereof for the estimated Pledged Project Increments Revenue Calculation for this Project. B. Developer shall have the option to postpone the first Pledged Project Increments Revenue disbursement to the following year at Developer's option with written notification provided to the CRA in advance of the disbursement. C. For the first through fifth disbursements of the Pledged Project Increments Revenue, the Developer shall be entitled to 75% of the Project Increment Revenues. For the sixth through tenth disbursements, the Developer shall be entitled to 25% of the Project Increment Revenues. 6.2. Commencement and Conditions of Funding. The ten (10) year term for each Phase for the receipt of Pledged Project Increments Revenue shall commence in the year that the following conditions are met: A. The Project is Substantially Complete; B. The completed improvements of each Phase have been placed on the Tax Roll; C. The CRA has determined that Project complies with the commitments and with all of the terms and provisions of this Agreement; D. All requirements as set forth within this Agreement have been complied with by Developer; and E. The CRA has received Project Increment Revenues from such improvements. 6.3. Disbursement of Funds. Except as otherwise provided herein, the Pledged Project Increment Revenues shall be disbursed to Developer by April 1 of the year following the corresponding ad valorem tax year OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 6 6.4. No Pledge of Pledged Proiect Increment Revenues. The CRA warrants and represents that the Pledged Project Increment Revenues are not the subject of any prior pledge by the CRA and agrees that such revenues shall not be assigned, pledged, hypothecated or secured by the CRA for the period covered by term of this Agreement. 6.5. Subordination. Any Pledged Project Increment Revenue of the CRA pursuant to this Agreement is subordinate to the pledge of the tax increment revenue given to secure the CRA's Tax Increment Revenue Bonds pursuant to Resolution No. 04-04, adopted December 6, 2004, as amended and supplemented. Section 7. Events of Default,Remedies and Termination. 7.1. Default. Upon the occurrence of any one or more of the following events, all obligations of the CRA to disburse further funds under this Agreement shall terminate at the option of the CRA. Notwithstanding the preceding sentence, CRA may at its option continue to make payments or portions of payments after the occurrence of one or more of such events without waiving the right to exercise such remedies and without incurring liability for further payment. The CRA may at its option terminate this Agreement and any and all funding under this Agreement upon occurrence of any one or more of the following: 7.1.1. Any representation by Developer in or.in connection with this Agreement is inaccurate or incomplete or false in any material respect. 7.1.2. The failure of Developer or its Affiliate to observe or perform any of the terms, covenants, conditions, obligations, or provisions of this Agreement in any material respect to be observed or performed by Developer or such failure continues for a period of thirty (30) days after written notice thereof from the CRA to Developer provided, however, that if the nature of Developer's default is such that more than thirty (30) days are reasonably required for its cure,then Developer shall not be deemed to be in default if Developer commenced such cure within said 30-day period and thereafter diligently pursues such cure to completion. 7.2. Remedies. Upon the occurrence of any one or more of the foregoing events, CRA may, at its option, give notice in writing to Developer to cure its failure of performance if such failure may be cured. Upon the failure of Developer to cure, CRA may exercise any one or more of the following remedies: 7.2.1. Terminate this Agreement upon not less than fifteen (15) days notice, by certified letter to Developer at the address specified in Section 8.5 of this Agreement, such notice to take effect when delivered to Developer. 7.2.2. Commence a legal action for the judicial enforcement of this Agreement and for any and all damages occasioned by Developer breach of this Agreement including, but not limited to, repayment of funds disbursed to Developer as a result of fraud or 'material misrepresentation. j 7.2.3. Withhold the disbursement of any payment or any portion of a payment. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 7 i I 7.2.4. Take any other remedial actions that may otherwise be available under law. 7.3. Attorney's Fees and Costs. In any judicial action arising from this Agreement the prevailing party shall be entitled to an award of its reasonable attorney's fees and costs, at both the trial and appellate levels, from the non-prevailing party. However, the CRA shall not be required to exceed its limits of liability as set forth in section 768.28,Florida Statutes. 7.4. Law and Remedy. This Agreement shall be governed by the laws of the State of Florida. Venue of any and all legal actions arising from this Agreement shall be 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 shall be cumulative and shall be in addition to every other 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 filrther exercise thereof. 7.5. Strict Performance. No failure by either party to insist upon strict performance of any covenant, agreement, term or condition of this Agreement or to exercise any right or remedy available to such party by reason of the other party's Default and no payment or acceptance of full or partial payments of amounts due under this Agreement during the continuance (or with CRA's knowledge of the occurrence) of any Default or Event of Default, shall constitute a waiver of any such Default or Event of Default or of such covenant, agreement, term, or condition or of any other covenant, agreement, term, or condition. No waiver of any Default shall affect or alter this Agreement, but each and every covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other then existing or subsequent Default. Payment by either party of any amounts due under this Agreement shall be without prejudice to and shall not constitute a waiver of any rights against the other party provided for under this Agreement or at law or in equity. One party's compliance with any request or demand made by the other party shall not be deemed a waiver of such other party's right to contest the validity of such request or demand. All the terms, provisions, and conditions of this Agreement and the restrictive covenants shall inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. The 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 for one of the parties, it being recognized that both parties have contributed substantially and materially to the preparation of the Agreement and the restrictive covenants. 7.6. Remedies Under Bankruptcy and Insolvency Codes. If an order for relief is entered or if any stay of proceeding or other act becomes effective against Developer or in any proceeding which is commenced by or against Developer under the present or any future federal bankruptcy code or in a proceeding which is commenced by or against Developer, seeking a reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any other present or future applicable federal, state or other bankruptcy or insolvency statute or law, CRA shall be entitled to invoke any and all rights and remedies available to it under such bankruptcy or insolvency code, statute or law or this Agreement. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 8 i 7.7. Termination. The obligations of Developer and CRA shall terminate upon the expiration of the Project Increment Revenues payments to Developer as provided in Section 6 above as a result of the expiration of the agreed upon payment periods. Section 8. General Conditions. 8.1. CRA's Maintenance of Records and Annual Account Funding. Commencing with the Effective Date, the CRA shall maintain and administer separate financial records which reflect terms of this Agreement. Such records shall clearly document for the benefit of the CRA and Developer, the Base Year amount and the annual revenue collected by the CRA attributable to the Project and the annual amounts owing and paid under this Agreement. 8.2. Successors and Assigns. The CRA and Developer each binds itself and its successors, executors, administrators and assigns to the other party and to the successors, executors, administrators and assigns of such other party, in respect to all covenants of this Agreement. Prior to Substantial Completion of the Project, without the prior written consent of the CRA, Developer may transfer this Agreement to an Affiliate who reaffirms that Developer shall continue to be responsible for all the obligations of Developer under this Agreement in order to receive the full Pledged Project Increments Revenue as provided for in Section 6 hereof; provided, however, that prior to Substantial Completion of the Project, this Agreement may not be assigned by Developer to any third party without the prior written consent of the CRA and without the assignee's specific written assumption of all of the obligations of Developer under this Agreement. After Substantial Completion this Agreement may be assigned by Developer; provided, however, that any assignee thereto shall specifically assume all of the obligations of Developer under this Agreement. Nothing herein shall be construed as creating any personal liability on the part of any officer or agent of the CRA, nor shall it be construed as giving any rights or benefits hereunder to anyone other than the CRA and Developer. In the event that the CRA determines that Developer is in violation of this paragraph, the CRA shall have the right to terminate this Agreement and to seek repayment of the funds paid by the CRA to Developer. 8.3. No Brokers. CRA and Developer each represents to the other that it has not dealt with any broker, finder, or like entity in connection with this Agreement or the transactions contemplated hereby, and each party shall indemnify the other against any claim for brokerage commissions, fees, or other compensation by any person alleging to have acted for or dealt with the indemnifying party in connection with this Agreement or the transactions contemplated hereby. 8.4. Indemnification and Hold Harmless. Developer agrees to protect, defend, reimburse, indemnify and hold the CRA, its agents, employees and elected officers and each of them, free and harmless at all times from and against any and all claims, liability, expenses, losses, costs, fines and damages, including attorney's fees, and causes of every kind and character(sometimes collectively "Liability") against and from the CRA which arise out of this Agreement, except to the extent that any of the Liability results from the negligence or willful misconduct of the CRA. Developer recognizes the broad nature of this indemnification and hold harmless clause, and voluntarily makes this covenant and expressly acknowledges the receipt of good and valuable consideration provided by the CRA in support of this clause in accordance with the laws of the State of Florida. CRA's indemnification obligations shall not exceed the OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 9 statutory limits provided within Section 768.28 Florida Statutes, and CRA does not waive its sovereign immunity rights. This paragraph shall survive the termination of the Agreement. 8.5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized mortgagee), or whenever either of the parties desires to give or serve upon the other any notice, demand, request, consent, approval or other communication with respect hereto or to the Project, each such notice, demand, request, consent, approval or other communication (referred to in this Section 9.4 as a "Notice") shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or (iii) a recognized national courier service, addressed as follows: If to Boynton Village: Boynton Village, LLC c/o Cornerstone Group Development, LLC Attention: Leon Wolfe 2121 Ponce de Leon Boulevard, PH Coral Gables,Florida 33134 With Copies to: Michael Weiner, Esq. Weiner&Aronson, P.A. 102 North Swinton Avenue Delray Beach, Florida 33444 If to CRA: Boynton Beach Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton Beach, Florida 33435 With Copies to: Kenneth G. Spillias, Esq. Lewis, Longman& Walker, P.A. 1700 Palm Beach Lakes Boulevard, Suite 1000 West Palm Beach, Florida 33401 8.5.1. Any Notice may be given in a manner provided in this Agreement on either party's behalf by its attorneys designated by such party by Notice hereunder. 8.5.2. Every Notice shall be effective on the date actually received, as indicated on the receipt therefore, or on the date delivery thereof is refused by the intended recipient. 8.6. Time is of the essence. The parties acknowledge that time is of the essence in the performance of the provisions in this Agreement. 8.7. Entire Agreement. The CRA and Developer agree that this Agreement sets forth the entire agreement between the parties and that there are no promises or understandings other OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 10 than those stated herein. None of the provisions, terms and conditions contained in this Agreement may be added to, modified, superseded, or otherwise altered, except by written instrument executed by the parties hereto. 8.8. Exhibits. Each Exhibit referred to in this Agreement forms an essential part of this Agreement. Any exhibits not physically attached shall be treated as part of this Agreement and are incorporated herein by reference. 8.9. Severability. If any provision of this Agreement or application thereof to any person or situation shall, to any extent, be held invalid or unenforceable, the remainder of this Agreement, and the application of such provisions to persons or situations other than those as to which it shall have been held invalid or unenforceable shall not be affected thereby, and shall continue in full force and effect, and be enforced to the fullest extent permitted by law. 8.10. Priority of Interpretation. In the event of any conflict between the terms and conditions of this Agreement and the Direct Incentive Program, the terms and conditions of this Agreement shall prevail. 8.11. Headings. Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. 8.12. Insurance. All parties hereto understand and agree that the CRA does not intend to purchase property insurance in connection with this Project. 8.13. Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the CRA and Developer (or in any representative capacity) as applicable, has full right and lawful authority to execute this Agreement and to bind and obligate the party for whom or on whose behalf he or she is signing with respect to all provisions contained in this Agreement. 8.14. Recording. This Agreement may be recorded in the Public Records of Palm Beach County, Florida. SIGNATURES ON FOLLOWING PAGE OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 11 IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. WITNESSES BOYNTON,VILLAGE, LLC ��L lze� e'4 By: Print e: ANI RMAN PrPe: � Ti n ` � Date: Print name: Melissa k% eZ BOYNTON B ACH COMMUNITY REDEVEL MENT AG CY 14k- By: Print n ,-,0 o*,W - Print name: 6N94R ' Title: Chairpersorl Date: 1x jY,�O(0 ri name: OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 12 STATE OF FLORIDA SS: COUNTY OF-P�� BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared LEON J. WOLFF as of 17N 44&046'K Vt- - and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of JRZVAA1-eV- J YAXJ-4ftb;.-for the use and purposes mentioned herein and that the instrument is the act and deed of Imo- is personally known to me or has produced as identification. IN WITNESS OF THE FO RMOING, I have set hand and official seal at in the State and County aforesaid on this ay of ;�y 2006. Leyani ontan Commission#DD312446 -h4lieO.4 G. Expires:Apt.23,2W8 �M- Bonded Thru No Pyy c, State of Florida at Large Atiatic DwAiq Co.Ift My ConMlission Expires: STATE OF FLORIDA SS: COUNTY OF PALM BEACH : BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared 40,PA a r,.(*o &v rlimA oas #D of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me or has produced as identification. IN WITNESS OF THE FORF OING, I have set my hand and official seal at in the State and County aforesaid on this�day of r-u-J*a 2006. SUSAN E. HARRIS (9Notary Public,State of Florida My Comm.#OD 248894 Notary Public, State of Florida at Large Expires:September 23,2007 My Commission Expires: 9WWW0*h0W"NyWvk" qh-3/9,00? OACORD003-Boynton Beach CRA-Cornerstone DIFA-10-27-06 13 Exhibit"A" Property Description That portion of Lots 20 through 26,inclusive, lying East of the West line of Section 15, Township 45 South, Range 43 East, Boynton Beach, Florida as shown on the Plat of SAM BROWN JR.'S HVPOLUXO SUBDIVISION, as recorded in Plat Book 1, Page 81, in and for the Public Records of Palm Beach County, Florida, less however the South 332 feet, of the West 165 feet, (as measured along the West and South lines)thereof. Together with the beneficial interest in that certain Ingress and.Egress Easement contained in Warranty Deed recorded in Official Records Book 3580,page 1323. i Together with the beneficial interest in that certain Utilities Easement contained in Warranty Deed recorded in Official Records Book 3580, Page 1323, as modified by Relocation and Grant of Easement recorded in Official Records Book 6686,page 191. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 14 Exhibit"B" Site Plan r Eek pi v RI � Ml�i_ ,dR e �i 9. a y a .�,,Nu', MS"7 MMf6PP R%6t afb4ss ?>Ate IKB b WeM�!aFM1:. FyAp;�IR"RiR.Nk v.Nlmfl.:t�R(�Mai+nn'.iw4 ..> �'l+a ierAsYN 34.az amw.�4�r vs�aSK'eRw.5314.'�+'K'yw.^1��er*e43 a.??�t:eP.wta�9 acaYr��a.YM. OACORD003-Boynton Beach CRA-Cornerstone DIFA—I0-27-06 15 Exhibit"C" Price List IM PRICE LIST r1 r From$299a990 Hadl Batik I car gamgc 10 1 sed ft-a/c area CYPMS fmm$349,Wi � ,plusy De /Bed Bath 1. cagange r Hibiscus From $1279,990 3 Bath I 'fir parage 1557 -ft_Atc wva. Palm From Bed 3 Bath I car gwage, 1.601 SJ- ft,4le area 1 ccs,subjectto chatige without prior cokef i to 7n9)06 "AM.MATERMS AND&wicwjr,*,nCM AM; rArr MAV R r MY W*AJ w xr a a rra UPON AS CURRWMV DEVELOMM, R EsrAT , r ktWM t a MMS VO n*00CMENMEANDIF0 W ?tS-Vl,MJWUDA STAIV7V&TO TO^ MIMO$AA OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 16 Exhibit"D" CRA Homebuyer Assistance Program Guidelines A WeqCRA t o leas Community Roftvdap wawt plouwbMw Anktante Pftgramt ULVM boyntnn ilanob.Caumunflyant Agwy v=wmie bealth ofthe City chards Won the sufficbent,BuWy of bousing p,kwd for . wadangfiraffles, As housing prioexr4ambed by dmMe dkl#a in 2005-2006,,many _f1imilice woe fwd Ow of the howswg Market at7 of D43-yntoik Dowdi soo6iv va 04#w mmoinglaijuaivic Paa veraatatp� '"rte (fir 1p) dal to wide to l e irsixua families- Due,t npid housing dwav%*c number oflow and muoKlamw Womw flunitics wbo am afford to buy hornes has dewnwed. Irk am effort to assisumore flamilift taxa CRA has hngplismented the Homebuyer Assistance PmVwm Propm funds can be layeredMth die s SHW Omm Payrpica ARAstmw PmSttm to provFi*gpp flawvft to ftnilies.It SHIP fan&am wail ,H he used a s sole war o f PaSm : KOASIMOV as I=#ea applicants all SMW c6tain W,ad by the City of boyatim Funcft is on a e4 first-appmved basis. . Applicants must meet all of the quelificationcriteriaof the SHIP IIS Asaintante Program. RAP quaMeation wig be conductedby Ow CWs CbiumuWty Impmveratsit Dqwtnwnt or ae Community 14ous Develo;wwait OrXanizatiou f A mquest Far IIAP fim4s mug be on the s:behAf by eitheir tho Witty or C . 3. pumAlwo 0,64M New--Not to t0,462 Wft—Not to $280,42 Now Omw.Consavation Loans-the value of *C ."Iat awsixied to-, homebuyer is owlip4ed fmm the CR:A lty subsidy a a tm4 but is indtWe d iri tw PCIManpent mortgage , Etigible Properties ladude existio& i smily11ame%,mmsftwfion of new sir4e4hsnily homes,townbopm and cosidoeminiums loicated withIn,itio CRA. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 17 2 S. Use of Funds, a. Chown pwymcnt and closing bL Ft lima crttaua: f tca tnnit tyaa.taxtcatc uqs t c,ex �i Fasni#iaw with dcpcndant,adoor,childran wiU r±ecaaive Prefleremov. 3. Parmunt vvmn wv hada, City of'Boynton B -will reocive prefereoce. Applicants emplaylad in the- nl r "sectors(aducaftsvA.PrAJ aa. 15xcB is and skilled b4"Idli g tntcIav)will naceiwex Vii—. lv. Tacoma a fWanr all ad:arlat nvvmbwrs of the hatksarslaookt,.rill be,included in the a asxtx PU tetiOn of WOOS 40003thca, vW Ckty and CRA f6vmdmo adbarall not exoved 40%for mo4anac Euc%imac buys"and r low mccew b y*m of t pumbesta pricy u aal amount 4xf" fisodimS stw:>cd.ftalt dkgmmd uron the lnnoa tatrwIl CRA, AAndirng be aw. to *s the fisading app ntnanatatrat or 830.WO.00- st,etw1odbution experesest asialod to brhvgtng borne op to code may be loauded,up#v S5iC1l000d MN #'L Momlerute tnxmmc Household. $60..000 Puraltmoce P*io s 4�xr nuc S-2 .1300 Ntawl"tuin Mortgage karat 3213.77 t Claty`e yr ftx�hv .5"W:fin:laan5 ntetnt $50,000 Flunding 43arin. $21„110 I'vonent arpublic Subsidy 2 ;ply LJOW I Ffo%Wetkold S 40.200 Closing SAMO n,+a MOW40M M AAVAMMt S;i ." Gap $ 45,300 Pmoem ormabliae S u'biwid-V 4 1 T- Proycated houalwgm4ludingnuor4gaga.intoremt,tine;.'humaramoo amyl Faunanc rt�wtip r•rif" wall nat em000d 334A oraros'O Ivouvehow tMoa e or vwbabovinr-the primairy lender 'Me mumirm urs»raaaaal ra>«tie Ooml... hounduM expmwo hilus aua trblit i It 3 not,eacracx!,k.' of lie OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 18 mrntp� t ssia{lrA9i7tE�! ,Ja3rf1i1 blorttg(i (root.ina"m&hISAWmam) S1.2,82 tit S SW iaag o tin to vxammd35%) 27 UxmuPjC t1 Ijaw Inanatic $40,2100 Q s c1i mlY fWKvFxtt?v S 3, is 3thmcr Debt 3CK) "owing M Ratio 2 'Deft;it:.at:ia 1.2 Alrptircastttsa:ausat be total timem himmebayam with no p—Auum hhila withim tha psist%hrac yearvi at t1m time a f npplival*e, 'First kinvir,houto bwYer dun aliall tm dMiUrnifned by J*Wf thhrOM SMOnti"Y*WM 'IFS InCOU66 tax A[eta. 19mmtwtt be in the form"ii t gee bobindthm#" :more trSt`.CW it .ftxrm s what baits atie t`ocrms ar[:a th rd nautiguipm IsmWed t 47W of Wrymoon "s driounibranva. ReWayment of the CWA,Aindst Waits net be r sgoirad if Ow boom in me ald to an inoatris qualMad'i myvr. briocamm-qualillketiam Kr ttlAel nerwhimyow shmill be certrfied by OAP City of Mrstam Heach tC'aituunimity n„wtrt:CHvlt a atacl rt�wwuatka9,to SRA pAeircxr Ao. tt:ialis t�€i,b almmniaflisit>b++ r wits as�`t7 �:AstrlaitimR.yr irarnixi itx, tl.+t1� sa«lcaasr . 13., uamamimmina aft wits neo it imrapayumext caai•CRA,foods withintereat circumstanom aaG�tttati nt+ per'. ,. t#xzli'Iitn 11lA�i immny ate p+errxt�ittl in apait€i it:h prior xwri approval Dom 4ba,City tisk CSLA. 314. Fart ai a who mWivo CM.&, yerr;AS ' t y M&Ivaidemwo;for tbC ;tom. aFfb,Oimt n . frifist,awaidenim in]eased andair cv by tlu- recipient o cllA-funds,ntt: Rms p{ intermit m. tqthe tiffs at PWCb&M tl(tl WI bft=UUW tae And pgypbta ltr i�Y' L #that,rbOWIVO t f:�:DC iff lit memba l - at : to ihAC City mint. lAriAlrltrtrklly t*mv amutrvurunryof the c lartng dm*. 72m$A't5a6gxwd Awe`d ol7pronir to^uM# `t it showing pxcwrmm incl iI ICS nts mato-me and-siddram. Failure to vaumply will rarub.in The CItA Minds treC'C mi m' . duo and Paymbim 1,a. LVOM mdael dw Prupert wtthia am Ara I t a yews.the Waftwa nf»t PWY Flo%of*00 equity(aiwtermi ted y,�,a Xquiltma a. )to the city and . the a: of funding ftc(m each emit 4'. Diising ycom 6-241e.SO%of Cho 9{S 4uil 'dad iliming Y&SIV:zI�-",:.l-".4 orsho 040MY is doe to 1ft2e City anit CMA up47m MIC&?'r'ihs'- ,Y '.. OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 19 4 Odalual how pdca: 3 0+m City&W fixods 3 50 [7I CRA Funds S lom mwtpp S1.,55. 5 _ Il pity $50,om 20x:Fquity I " 10,0M PWIVOW,Or Equity to City IUAW Ear. I the pal to puRhm,tbe ptopmy,at The flair mndmt wmpo4l vWua within 45 dAys aE 'tom m lho pmpaty ovmm. 0. Offaing of dw,,pmgrm :.: a fuvding, Alt dodsionsare subject Dkedom OACORD003-Boynton Beach CRA-Cornerstone DIFA—10-2?-06 20 Exhibit"E" Pledged Project Increments Revenue Formula Examples #of Affordable #of Affordable Access Access Units Sold %of Eligible TIF Units Sold %of Eligible TIF 1 2% 26 52% 2 4% 27 54% 3 6% 28 56% 4 8% 29 58% 5 10% 30 60% 6 12% 31 62% 7 14% 32 64% 8 16% 33 66% 9 18% 34 68% 10 20% 35 70% 11 22% 36 72% 12 0.24 37 74% 13 26% 38 76% 14 28% 39 78% 15 30% 40 80% 16 32% 41 82% 17 34% 42 84% 18 36% 43 86% 19 38% 44 88% 20 40% 45 90% 21 42% 46 92% 22 44% 47 94% 23 46% 48 96% 24 48% 49 98% 25 50% 50 100% OXORD003-Boynton Beach CRA-Cornerstone DIFA—10-27-06 21 FIRST AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT DATED DECEMBER 19, 2006 Between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY And BOYNTON VILLAGE, LLC WHEREAS, on December 19, 2006 the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ("BBCRA") and BOYNTON VILLAGE, LLC entered into a Direct Incentive Funding Agreement (the "Agreement") relative to the Project known as the"Preserve"; WHEREAS, the Agreement provided that the Developer was to set aside fifty (50) units designed to be affordable access units; WHEREAS, the Developer has requested that the eligibility requirements for potential buyers be modified to increase the eligibility threshold from 120% of Median Household Income as set by the United States Housing and Urban Development(HUD) in the year for which the units are sold; NOW THEREFORE, in consideration of the mutual covenants set forth herein and other lawful consideration, the Agreement is amended as follows: Section 5.1.2 is amended to read as follows: 5.1.2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and No/100 Dollars ($50,000.00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus Models (see attached Price List marked as Exhibit"C"which is attached hereto and made a part hereof) to buyers whose income does not exceed 1201,'s 140% of Median Household Income ("MHI") for Palm Beach County as set by the United States Housing and Urban Development ("HUD") for the year in which the units are sold. Proof of income qualification for the Affordable Access Units shall be provided to the CRA prior to any disbursement of Pledged Project Increment Revenue. Examples of acceptable forms of proof include HUD closing statements executed by the buyer and seller; copies of two years of tax returns; and/or paycheck stubs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. Section 5.1.3 is amended to read as follows: 5.1.3. Qualifications for buyers of the Affordable Access Units and related re-sale requirements and restrictions shall be found in Exhibit "D" attached hereto and made a part hereof (the CRA Homebuyer Assistance Program Guidelines T:IDEVELOPMEYRThe Preserve-ComerstoneTreserve DII`AIDIFA Revised Amendment(2).doc 1 200612007). However, for purposes of this Agreement, Median Household_Income_for the Homebuyer Assistance Program shall not exceed 140%. Section 8.5 is amended to read as follows: 8.5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized mortgagee), or whenever either of the parties desires to give or serve upon the other any notice, demand, request, consent, approval or other communication with respect hereto or to the Project, each such notice, demand, request, consent, approval or other communication (referred to in this Section 9.4 as a"Notice") shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or (iii) a recognized national courier service, addressed as follows: If to Boynton Village: Boynton Village, LLC c/o Cornerstone Group Development, LLC Attention: Leon Wolfe 2121 Ponce de Leon Boulevard, PH Coral Gables, Florida 33134 With Copies to: Michael Weiner, Esq. Weiner &Aronson,P.A. 102 North Swinton Avenue Delray Beach, Florida 33444 If to CRA: Boynton Beach Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton Beach, Florida 33435 With Copies to: Donald J. Doody, Esq. Goren, Cherof, Doody & Ezrol 3099 E. Commercial Blvd. Suite 200 Ft. Lauderdale, FL 33308 IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. SIGNA'T'URES ON FOLLOWING PAGE 1':1DEVELQPMEN31The Preserve-Cornerstone\Preserve DIFAIDIFA Revised Amendment(2),doc 2 WITNESSES BOYNTO *ILLAGE,LLC By: .W _ _ f� r Print � e: AEON j, WOL E Print name: j Title:— Date: - Print itle:Date:Print name: r,woz N2, BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: --e� ' Print name: Print name: ., 2 r�- Title: Cl arperson Date: Print name: T:\DEVELOPMENMhe Preserve-CornerstoneTreserve D1FA\DIFA Revised Amendment(2).dcc 3 STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to adrmi t , oaths and take acknowledgments, n-,rsonally al-ed IV as Of and acknowledged under oath that lie/she has exec d the foregoi Agreement as the proper official of PkQ "-DMA V J- the use and purposes mentioned herein and that the 111 0 t6te,has instruhient is theact ad deed of He/she is personally known to me or has produced as identification. IN WITNESS OJEE 7E FOREGOING, I have iriy hand and official seal at in the State 'L�33 ur' A' day of and Coun WITNESS esa'd on this 2008. Leyani Roman Notary P c, State o Florida at Large Commission#DD312446 Expires:Apr.23,2008 Bonded Thru My Commission Expires: nding Co.Inc, STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared . j e i-�Z 7—q),,Ir as �-!k a/,-)/1'142 of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. _He/she is personally known to me or has produced as identification. IN WITNESS OF THE FOREGOING, I have se my hand and official seal at in the State and County aforesaid on this—// day ofd 2008. Notar Public, State o Ioiida at Large My Commission Expires: '0111y.fit' MYCOWSSION i DD 66211R EXPIRES;April 21,2011 T:\DEVELOPMEYRThe Preserve-CornerstoneTreserve DIFA\DIFA Revised Amendment(2).doc 4 SECOND AMENDMENT TO DIRECT INCENTIVE FUNDING AGREEMENT DATED DECEMBER 19, 2006 Between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY And BOYNTON VILLAGE, LLC WHEREAS, on December 19, 2006 the BOYNTON BEAC14 COMMUNITY REDEVELOPMENT AGENCY ("BBCRA") and BOYNTON VILLAGE, LLC entered into a Direct Incentive Funding Agreement(the "Agreement") relative to the Project known as the "Preserve"; and WHEREAS,the Agreement provided that the Developer was to set aside fifty (50) units designed to be affordable access units; and WHEREAS, on January 8, 2008 the parties entered into a First Amendment to Direct Incentive Funding Agreement which increased the eligibility threshold from 120%to 140%of Median Household Income as set by the United States Housing and Urban Development (HUD) for the year 2006; and WHEREAS, the present economy has caused significantly reduced demand for the purchase of units in the Project; and WHEREAS, the Developer has requested that the eligibility requirements for potential buyers be modified to include rental opportunities; and WHEREAS, the GRA intends to continue to provide incentive funding to the Developer for homeownership opportunities and to provide incentive funding for rental opportunities on the basis set forth herein. NOW THEREFORE, in consideration of the mutual covenants set forth herein and other lawful consideration, the Agreement is amended as follows: Section 2 is amended to insert the following paragraph after the paragraph entitled"Affordable Access Unit"and shall read as follows: "Affordable Access Mental Units" means not less than 100 units committed by the Developer (or its assigns) as affordable rental housing which shall be rented to individuals and families earning 60% or less of Median Household Income for Palm Beach County as set by the United States Housing and Urban Development("HUD"). Section 5.1.1 is amended to read as follows: 5.1.1. Developer agrees to set aside fifty (50) units designated as Affordable Access Units and at least 100 units as Affordable Access Rental Units. TADEVELOPMENTMe Preserve-CornerstoneTreserve DIFA\DIFA Second Amendment-2010(3).doc 1 Section 5.1.2 is amended to read as follows: 5.1.2. Developer agrees to reduce the price of the fifty (50) units designated as Affordable Access Units by Sixty Thousand and No/100 Dollars ($60,000.00) for the Cypress Model, Fifty Thousand and NO 00 Dollars ($50,000.00) for the Palm Model, and Forty Thousand Dollars ($40,000.00) for the Banyan and Hibiscus Models (see attached Price List marked as Exhibit "C"which is attached hereto and made a part hereof) to buyers whose income does not exceed 140% of Median Household Income ("MHI") for Palm Beach County as set by the United States Housing and Urban Development("HUD") for the year 2006. Developer also agrees to rent not less than 100 units at the rental rates outline on Exhibit G1 (as may be increased from time to time by HUD). Proof of income qualification for the Affordable Access Units and Affordable Access Rental Units shall be provided to the CRA prior to any disbursement of Pledged Project Increment Revenue. Examples of acceptable forms of proof include HUD closing statements executed by the buyer and seller; copies of two years of tax returns, and/or paycheck stubs for all adults in the buyer's family for the two weeks prior to closing including proof of family size. Section 5.2.2 is amended to read as follows: 5.2.2. With respect to the Affordable Access Unit component of the Program, the CPA must examine the qualifying income data for every purchaser identified as a qualifying purchaser pursuant to the Affordable Access Unit requirements and must certify, in writing, the eligibility of all such qualifying Purchasers under the Program. The written opinion must include verification of the number of residential units which are owned by qualified purchasers. Developer must provide all necessary documents to conduct the audit including, but not limited to, the executed deeds and closing statements. If requested, Developer shall also provide such information as may be requested regarding the Affordable Access Rental Units. Section 5.2.7 is amended to read as follows: 5.2.7. Exceeding the agreed upon requirements of the 50 Affordable Access Units or 100 Affordable Access Rental Units shall not entitle Developer to additional funding under this Agreement or to a credit or set-off against any reduction in funds due to failure to meet the other Affordable Access Requirements in earlier years hereunder. Section 6 is amended to read as follows: Section 6. Direct Incentive Funding. The direct incentive funding provided for under this Agreement is granted to Developer for the purpose of offsetting, in part, Developer's cost of creating one hundred fifty (150) affordable residential units. Section 6.1 is amended to read as follows: 6.1. Direct Incentive Funding Formula and. Term. The CRA hereby agrees to direct fund, that is, to pledge and assign to Developer for a period of ten T:IDEVELOPMENTIThe Preserve-Cornerstone`Preserve DIFAUFA second Amendment-2010(3).doe 2 (10) consecutive years, as provided herein and below, an annual amount which equals the Pledged Project Increment Revenues as set forth in subsection 6.1.C. herein less any amounts deducted pursuant to the terms of Section 5 above due to the failure of Developer to comply with the Affordable Access Requirements of this Agreement. A. The Pledged Project Increments Revenue shall be awarded pro rata based on the proportion of Affordable Access Units sold to eligible buyers and Affordable Access Rental Units rented to eligible tenants. For example, if ten (10) percent of Affordable Access Units are sold and/or rented in the first year which the Developer elects to receive the Project Increment Revenues, Developer (or its assigns) is entitled to 10% of the eligible Pledged Project Increments Revenue that year. If, the following year 100% of Affordable Access Units are sold and/or rented, Developer (or its assigns) is entitled to 100% of the Pledged Project Increments Revenues that year and in continuing years until the ten-year period has terminated. See Exhibit E attached hereto and made a part hereof for the estimated Pledged Project Increments Revenue Calculation for this Project. B. Developer shall have the option to postpone the first Pledged Project Increments Revenue disbursement to the following year at Developer's option with written notification provided to the CRA in advance of the disbursement. C. For the first through fifth disbursements of the Pledged Project Increments Revenue, the Developer shall be entitled to 75% of the Project Increment Revenues. For the sixth through tenth disbursements, the Developer shall be entitled to 25% of the Project Increment Revenues. Section 6.2 is amended to read as follows: 6.2. Commencement and Conditions of Funding. The ten (10) year term for each Phase for the receipt of Pledged Project Increments Revenue shall commence in the year that the following conditions are met: A. The Project is Substantially Complete, B. The completed improvements of each Phase have been placed on the Tax Roll; C. The CRA has determined that Project complies with the commitments and with all of the terms and provisions of T:IDEVEI_OPMENT\The Preserve-ComerstoneTreserve D[FAUFA Second Amendment-2010(3).doe 3 this Agreement; D. All requirements as set forth within this Agreement have been complied with by Developer; and E. The CRA has received Project Increment Revenues from such improvements. However, this Agreement and the initial ten (10) year term for each Phase for the Receipt of Pledged Project Increments Revenue shall be automatically extended for an period of time equal to each year that funds are not disbursed to Developer by the CRA for reasons other than the failure of Developer to comply with the Affordable Access Requirements of this Agreement. Section 8.5 is amended to read as follows: 8.5. Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, or served upon, either of the parties by the other (or any recognized mortgagee), or whenever either of the parties desires to give or serve upon the other any notice, demand, request, consent, approval or other communication with respect hereto or to the Project, each such notice, demand, request, consent, approval or other communication (referred to in this Section 9.4 as a"'Notice") shall be in writing (whether or not so indicated elsewhere in this Agreement) and shall be effective for any purpose only if given or served by (i) certified or registered United States Mail, postage prepaid, return receipt requested, (ii) personal delivery with a signed receipt or (iii) a recognized national courier service, addressed as follows: If to Boynton Village: Boynton Village, LLC c/o Cornerstone Group Development, LLC Attention: Leon Wolfe 2100 Hollywood Boulevard Hollywood, Florida 33020 With Copies to: Michael Weiner, Esq. Weiner& Lynne, P.A. 10 SE 1 st Avenue Delray Beach, Florida 33444 If to CRA: Boynton Beach Community Redevelopment Agency Lisa Bright, Executive Director 915 South Federal Highway Boynton Beach, Florida 33435 T:\DEVELOPMFNT\Thc Preserve-cornerstoneTreserve DIFAIDIFA Second Amendment-2010(3).doc 4 With. Copies to: James Cherof, Esq. Goren, Cherof, Doody& Ezrol 3099 E. Commercial Blvd. Suite 2.00 Ft. Lauderdale, FC, 33308 IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. SIGNATURES ON FOLLOWING PAGE T:IDEVEL0PMENTIThe Preserve-CornerstoneTreserve DIFAIDIFA Second Amendment-2010(3).doc 5 WIT BOYNT N VILLAGE, LLC By:_ Print name: - Print name: Title: , 4 Date: Print name, BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY B ' Print name: t 'Y Y Print n e: ` itle: Chairperson Date: ' Print T:IDEVEL0PMENT1The Preserve-CornerstoncTreserve D1FAIDIFA Second Amendment-2010(3).doc STATE OF FLORIDA 640 0 SS: COUNTY OBEFORE FA -,pean officer rson u ° duly authorized by _ to dm pas a d take acknowledgments �of � � a eared / f G >! and acknowledged under oath that 1- has exe uted the foreg ing Agreement as the proper official of for the use and purposes mentioned herein and that the instrument is the act and deed of . He/she is personallknowrL to me or has produco as identification. IN WITNESS F T/HE FOREG I ha v m hand and Official seal at in the State and County aore,9'aid on this ay of 2008. ot�R p e•4, LEYANI ROMAN ,1 my CWSSION t all783395 Ota1'y u 1C, State EXPIRES:Ap6i 28,2012 Of FlOrlda at Large QTRV,"R; Bw,9dItruBudgstNotary Soly! r My Commission Expires: STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to administer oaths and take aowiedgments, personally appeared - ;', �` as TnW -Vk Of BOYNTON BEACH 6 CO MI ITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. /she is personally known to m—�or has produced as identification. ---IN WITNESS OF THE FOREG NG, I hav set m hand and official seal at in the State and County aforesaid on this ay of o I 4Al otary Public, State of Florida at Large My Commission Expires: ACK MMY bN - of i • Comm.Exph Jon 11,2014 Comml n 0 DD 951135 '''P;+;'i• 8o Theo National NWOU Assn.. TADEVELOPMENT1The Presene-CornerstoneTreserve DIFA\DIFA Second Amendment-2010(3).doc 7 EXHIBIT "C-1" Rental Rate List' 2-Bedroom units: $924.00/month 3- Bedroom units: $1,059.00/month Rental Rates are subject to annual adjustment based upon HUD's annual release of incomes for Palm Beach County. T:IDEVELOPMENTIThe Preserve-CornerstonellTreserve DIFAIDIFA Second Amendment-2010(3).doc $ Exhibit "E" Pledged Project Increments Revenue Formula Examples #of Affordable #of Affordable Access Access Rental Units Rental Units Sold Sold and/or Rented %m of Eligible TIF and/or Rented %p of Eligible TIF 3 2%® 78 52% 6 4% 81 54% 9 6% 84 56% 12 8% 87 58% 15 10% 90 60% 18 12% 93 62% 21 14% 96 64%q 24 16% 99 66% 27 18% 102 68% 30 20% 105 70% 33 22%Q 108 72% 36 0.24 111 74% 39 26% 114 76% 42 28% 117 78% 45 30% 120 80% 48 32% 123 82%4 51 34% 126 84% 54 36% 129 86% 57 38% 132 88% 60 40% 135 90% 63 42% 138 92% 66 44% 141 94% 69 46% 144 96%v 72 48% 147 98% 75 50% 150 100% T:IDEVELOPNIENT1The Preserve-CornerstoneTreserve DIFAIDIFA Second Amendment-2010(3).doc 9 Preserve/Cornerstone - DIFF► Payments Date jPayee Amount Approximate Pymts 03/14/16 Boynton Village LLC $ 45,759 Missed Year#2 $ - 06/14/18 Boynton Village LLC $ 73,611 TOTAL PAID $ 119,370 105 units Boynton Village, LLC Compliance Audit September 30, 2018 Boynton Village, LLC TABLE OF CONTENTS Pie INDEPENDENT AUDITORS' REPORT 1-2 NOTES TO INDEPENDENT AUDITORS' REPORT 3-5 SUPPLEMENTAL SCHEDULES 7-10 FISKE Certified Public Accountants& Consultants COMPANY INDEPENDENT I T To Mr. Leon Wolfe,President Boynton Village,LLC 2100 Hollywood Boulevard Hollywood,FL 33020 Compliance We have audited the compliance of Boynton Village,LLC as of September 30, 2018,pursuant to contractual requirements with the Boynton Beach Community Redevelopment Agency under Section 5.2 of the Direct Incentive Funding Agreement, as amended (the "Agreement"). The purpose of this report is to communicate the results of the compliance audit and applicable recommendations, if any, as discussed in the accompanying notes to the independent auditors' report and Schedules A and B. Management's Responsibility Management is responsible for complying with the Agreement and program requirements with the Direct Incentive Program for Workforce Housing Guidelines (the "Program") approved by the Boynton Beach Community Redevelopment Agency; and for the accuracy and completeness of the management and financial information in conformity with the requirements provided under the Agreement,whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on Boynton Village, LLC's compliance based on our audit pursuant to Section 5.2 of the Agreement. We conducted our compliance audit in accordance with generally accepted auditing standards established by the American Institute of Certified. Public Accountants; and under the provisions set forth under the Agreement. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the compliance requirements referred to above occurred that could have a material effect on the Program. An audit includes examining, on a test basis, evidence about Boynton Village, LLC's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of Boynton Village, LLC's compliance with those requirements. 1000 S. Pine Island Road Suite 440 Plantation, Florida 33324 American Institute of Certified Public Accountants Member i° 954 236 8603 , (,ward 954 236 8600 Florida Institute of Certified Public Accountants Member E infoCfiskeco.com Kendall loll 305 670 5220 Independent Member of BDO Alliance USA vv www.fiskeco.com Mianni--Dade 786 369 8600 Boca Raton 561 910 8600 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, Boynton Village, LLC complied, in all material respects with the compliance requirements under the Agreement as of September 30, 2018. Other Matters In connection with our compliance audit, nothing came to our attention that caused us to believe that the Company failed to comply with the terms, covenants, provisions, or conditions of the Agreement, insofar as they relate to accounting matters. We were not engaged to, and did not, conduct an examination, the objective of which would be the expression of an opinion on the effectiveness of internal control. Accordingly, we do not express such an opinion.Had we performed additional procedures,other matters might have come to our attention that would have been reported to you. Report on Supplementary Information Our compliance audit was conducted for the purpose stated above. Schedules A and B are presented for purposes of additional analysis and is not a required part of the compliance audit report. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the compliance audit report. The information has been subjected to compliance procedures required under section 5.2 of the Agreement and in accordance with auditing standards generally accepted in the United States of America.In our opinion,the information presented complies with the terms,covenants,provisions, or conditions of the Agreement. Restricted Use Relating to the Other Matters The communication related to compliance with the aforementioned Program described in the Other Matters paragraph is intended solely for the information and use of the boards of directors and management of Boynton Village, LLC and Boynton Beach Community Redevelopment Agency and is not intended to be and should not be used by anyone other than these specified parties. December 27,2018 Fiske & Company Plantation,Florida Certified Public Accountants Note 1. Background Boynton Beach Community Redevelopment Agency("CRA") Under Florida law(Chapter 163,Part III),local governments are able to designate selected portions of a City as Community Redevelopment Areas where slum and blight exist. The CRA improves deteriorated areas through revitalization efforts which improves the property values within the designated CRA area and increases property tax revenues. The Boynton Beach Community Redevelopment Agency ("CRA") is responsible for developing and implementing the Community Redevelopment Plans that addresses the unique needs of the targeted area. The funding source for CRA redevelopment initiatives is tax increment financing("TIF"), a unique tool available to cities and counties for redevelopment activities. It is used to leverage public funds to stimulate redevelopment activity in the targeted area without raising taxes. The dollar value of all real property in the Community Redevelopment Area is determined as of the base year, the year the CRA is established. Taxing authorities, which contribute to the tax increment, continue to receive property tax revenues based on the base year values. Any tax revenues from increases in real property value, referred to as "increment," are deposited into the Community Redevelopment Agency Trust Fund and dedicated to the redevelopment area. Any funds received from a tax increment financing area must be used for specific redevelopment purposes within the targeted area, according to Florida Statutes. The non-exempt ad valorem tax base from the CRA is frozen the year the Community Redevelopment Plan is adopted (July 1 deadline each year). Any increase in taxes goes to the CRA. Tax revenue increases because redevelopment increases the value of the property. Without redevelopment, the tax revenue would continue to decrease as the area becomes more and more blighted. When the Plan has been implemented, the tax base for local government will have been significantly increased. Direct Incentive Financing Agreement Boynton Village, LLC (the "Company") is a limited liability company domiciled in the State of Florida in 2004, and was organized primarily for the purpose of developing, selling, and leasing real property in Boynton Beach, Florida. During 2006, the Company entered into a Direct Financing Agreement("DIFA" or the "Agreement") with the CRA. Under the DIFA, the Company applies to receive TIF funding by complying with the terms, covenants, provisions, and conditions specified under the agreement. These provisions include evaluating prospective purchasers and making determinations whether the purchasers meet the criteria as low-income buyers or renters. The Company is also required to offer reduced rental and sales prices on residential units for qualified purchasers or renters to ensure "affordability" of the units. -3- Note 2. Results of the Audit Obiectives Under Section 5.2.2 of the DIFA, the audit objectives are as follows: • "With respect to the Affordable Access Unit component of the Program, the CPA must examine the qualifying income data for every purchaser identified as a qualifying purchaser pursuant to the Affordable Access Unit requirements and must certify: • In writing, the eligibility of all such qualifying Purchasers under the Program. • The written opinion must include verification of the number of residential units which are owned by qualified purchasers. Developer must provide all necessary documents to conduct the audit including, but not limited to, the executed deeds and closing statements." Findings No findings of noncompliance were noted. Note 3. Qualified Affordable Access Units The Company sold and rented a total of 105 qualified Affordable Access Units as of September 30, 2018, respectively, which for purposes of TIF revenue due to Boynton Village LLC, represents approximately 70% of the 100 rental and 50 owner units required under the amended DIFA for the year presented. See Schedule A and discussion below for more details. Affordable Access Units Sold During the Period from December 12, 2006 ("Agreement Date") through September 30, 2015,the Company sold a total of 23 Affordable Access Units to income qualified, eligible purchasers under the agreement. The required disclosures under the DIFA were made on recorded deeds. During the periods from October 1, 2015 through September 30, 2018, the Company recorded no additional sales of Affordable Access Units to qualified purchasers. The Company is not privy to records of purchasers other than those whom contracted with them under the original purchase agreements. Other information obtained by the Company on subsequent transactions including sales, foreclosures, or otherwise transferred property that was originally sold by the Company is insufficient for reporting purposes under the DIFA. -4- Note 3. Qualified Affordable Access Units Affordable Access Units Sold(continued) In response to the 2017 Compliance Audit report dated February 9, 2018, representatives of the Boynton Beach CRA issued a response memo dated May 29,2018 which asserts that of the 23 original sales to qualified purchasers, only 5 are able to be verified by the Boynton Beach CRA. Schedule A and the determination of the above 70% reflect the 5 sold units which can be verified by the Boynton Beach CRA. Affordable Access Units Rented There are 114 total eligible renters of Affordable Access Rental Units rented by qualified renters under the Agreement at September 30, 2018, respectively. In response to the 2017 Compliance Audit report dated February 9, 2018, representatives of the Boynton Beach CRA issued a response memo dated May 29,2018 which asserts that while Boynton Village LLC rents Affordable Access Units to 114 qualified renters, exceeding the 100 agreed upon requirement for Affordable Access Rental Units 100 Affordable Access Rental Units shall not entitle Boynton Village LLC to additional funding under DIFA Second Amendment Section 5.2.7. Schedule A and the determination of the above 70%reflect 100 rented units. Note 4. Project Increment Revenues In order to determine the amount of TIF funding owed to the Company for each year according to the DIFA and Florida Statute, the amount owed to the Redevelopment Trust for the year is determined first. Per Florida Statute (Chapter 163.387 (1)(a)), 95% of City and county ad valorem property taxes assessed on project units' taxable value in excess of base year value are owed to the redevelopment fund.For each year presented,the Company is owed 75% of the amount received by the redevelopment fund per DIFA. Please see Schedule A for detailed calculations. For 2018, the Company is owed $77,762. Payment is due upon acceptance and approval by the Boynton Beach Community Redevelopment Agency. The Company is eligible to apply for such tax increment revenues created from the project annually for a term of ten years, which it anticipates participating in during those years. -5- SUPPLEMENTARY SCHEDULES -6- Boynton Village,LLC Compliance Audit Schedule A September 30,2018 Calculation of Proiect Increment Revenues Sept. 30,2018 Taxable Value Qualified Affordable Access Units Sold or Rented at September 30, 2018: Affordable Access Units - Sold to Qualified Purchasers 5 *) $ 2,137,684 Affordable Access Units -Rented to Qualified Renters 100 *) 6,840,000 Other Units: n/a *) 4,341,830 105 $ 13,319,514 Unqualified Units: 45 Total Units Sold: 150 Less: Value of the Project-Base Year 2004 (See DIFA) $ 1,025,000 Net Increase in Value A)$ 12,294,514 Percentage of Qualified Units Sold or Rented to Total Units Sold(rounded- see above) B)X 70.0% Millage Rates: City of Boynton Beach Millage Rate per 1,000 7.9000 Palm Beach County Millage Rate per 1,000 4.7815 Combined Millage Rate per 1,000 C)X 12.6815 TIF Revenue Created by Project(rounded-D=AxBxC) D)$ 109,139 Calculation of TIF Revenues due to Boynton Village Percentage of TIF Revenue due to redevelopment fund(per Florida Statute 163.187 (1) (a) E) X 95% Amount due to redevelopment fund(rounded-F =DxE) F) $ 103,682 Percentage of TIF Revenue due to developer, Boynton Village, LLC (per DIFA years 1 through 5) G)X 75% Amount due to Boynton Village, LLC (rounded-H=FxG) H)$ 77,762 *)= See attached Schedule B for detail. Please also see Note 3. See accompanying independent auditors'report -7- Boynton Village,LLC Compliance Audit Schedule B September 30,2018 Boynton Village,LLC Affordable Access Units- Sold to Qualified Purchasers: 2018 Address Building Unit Taxable Value 1990 NE 5TH ST 2 202 $ 136,000 1966 NE 5TH ST 2 206 128,000 1948 NE 5TH ST 2 209 78,000 1942 NE 5TH ST 2 210 128,000 1848 NE 6TH ST 9 904 25,000 1842 NE 6TH ST 9 905 104,684 1824 NE 6TH ST 9 908 112,000 1818 NE 6TH ST 9 909 116,000 1743 NE 6TH ST 12 1205 116,000 1747 NE 6TH ST 12 1206 112,000 1751 NE 6TH ST 12 1207 116,000 1755 NE 6TH ST 12 1208 112,000 1759 NE 6TH ST 12 1209 116,000 1763 NE 6TH ST 12 1210 112,000 1726 NE 6TH ST 13 1304 123,000 1722 NE 6TH ST 13 1305 25,000 1714 NE 6TH ST 13 1307 25,000 1826 NE 5TH ST 1405 14 1405 109,000 1802 NE 5TH ST 1408 14 1408 - 1819 NE 5TH ST 15 1503 - 1835 NE 5TH ST 15 1505 116,000 1843 NE 5TH ST 15 1506 112,000 1851 NE 5TH ST 15 1507 116,000 23 T-2,137,684 Boynton Village,LLC Affordable Access Units-Rented to Qualified Renters: 4 of Units 2018 Address Building in Bldg Taxable Value 1901 NE 5TH ST 1 14 $ 840,000 2001 NE 5TH ST 3 12 720,000 501 NE 19TH AVE 4 14 840,000 502 NE 19TH AVE 5 14 840,000 2008 NE 6TH ST 6 10 600,000 1900 NE 6TH ST 7 12 720,000 1901 NE 6TH ST 8 14 840,000 1803 NE 6TH ST 10 14 840,000 1748 NE 6TH ST 11 10 600,000 114 $ 6,840,000 See accompanying independent auditors'report -8- Boynton Village,LLC Compliance Audit Schedule B (continued) September 30,2018 Other Units: 2018 Address Taxable Value 1866 NE 6TH ST $ 56,500 1860 NE 6TH ST 56,500 1854 NE 6TH ST 56,500 1836 NE 6TH ST 56,500 1830 NE 6TH ST 56,500 1812 NE 6TH ST 56,500 1806 NE 6TH ST 56,500 1800 NE 6TH ST 56,500 1867 NE 5TH ST 109,515 1875 NE 5TH ST 96,000 1859 NE 5TH ST 101,462 1827 NE 5TH ST 112,000 1803 NE 5TH ST 109,515 1811 NE 5TH ST 96,000 1767 NE 6TH ST 117,567 1771 NE 6TH ST 90,189 1739 NE 6TH ST 112,000 1735 NE 6TH ST 116,000 1727 NE 6TH ST 117,567 1731 NE 6TH ST 96,000 1866 NE 4TH ST - 1810 NE 5TH ST 1407 108,000 1818 NE 5TH ST 1406 112,000 1834 NE 5TH ST 1404 124,000 1842 NE 5TH ST 1403 68,838 1850 NE 5TH ST 1402 132,000 1858 NE 5TH ST 1401 96,000 1702 NE 6TH ST 131,000 1706 NE 6TH ST 107,000 1710 NE 6TH ST 123,000 1718 NE 6TH ST 123,000 1730 NE 6TH ST 127,000 1734 NE 6TH ST 131,000 1738 NE 6TH ST 76,177 1918 NE 5TH ST 82,000 1924 NE 5TH ST 112,000 1930 NE 5TH ST 116,000 1936 NE 5TH ST 82,000 Continued next page See accompanying independent auditors'report -9- Boynton Village,LLC Compliance Audit Schedule B(continued) September 30,2018 Other Units (continued): 2018 Address Taxable Value 1954 NE 5TH ST $ 128,000 1960 NE 5TH ST 25,000 1972 NE 5TH ST 132,000 1978 NE 5TH ST 116,000 1984 NE 5TH ST 132,000 1996 NE 5TH ST 100,000 1703 NE 5TH ST 132,000 $ 4,341,830 See accompanying independent auditors'report -10- X y X 06 W r N C) O N r d) c`C N - � •- CL 0 O s_ O ' a IM^ cv Cl W V p ' Q : O N O O` A O `! 7 = w a s U U v O 0 o et ^ oV- titi o NNo to U O 1f) L! O N OO r O P U t0 C LO W O cli1� L6 Ce oo C 1` M > coLO O M N o 0 LO T ~ r O 1` = ti Z O r T T O r E z N cc — 11 L N a) to V) « to . K i Co C7 Q N O C m N U- C) v OD N m O rn m w0 IN Q N uIt 0d ' N LCL o U X C .,_ N F C W U 0O (Cf Z 0p) U O �� V cr C C fC } :3 = X X o d d N m mca Lf) m CL C C a1 >+ O V m U U V E C-4N -a .a) a) . a) = 0 V O a- 2- (� OL o- r- co X V N 'p L E C O c O U r e- U >+ r LO L- Z d 0a _O Eai . a i O a vpn O Co Q > O � ` i) � aCo 0 > cmammo d > o c 'o a v � V v VLO _ a) o Lf) nL $ m m j o = 8) LL ui zo o - vaVLf O v H 0 tep 3 Cp a) d 11 N C) O UOUO N CL LU � D W = Q W0 OO 5 m U) H a a) > a) > �' d U U v n �a Q (D a F- Cc � OC p� CL o cu ai m QN > Q f .O > Z H .) C1z ZH � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 OLD BUSINESS AGENDAITEM: 14.F. SUBJECT: Dicsussion and Consideration of the CRA's MLK Jr Blvd Project Conceptual Development Terms SUMMARY: On January 8, 2019, the CRA Board selected Centennial Management Corp. (CMC) as the project developer for the CRA owned properties located on E. Martin Luther King Jr. Boulevard, the subject of a RFP-RFQ issued on June 18, 2019, and directed staff to begin negotiations of a proposed Purchase and Development Agreement. In addition to providing a conceptual design layout, CMC's Proposal included several funding options for the Project, each offering varying amounts of required CRA funding, development timelines, and the income ranges of future residents to be served (see Attachments I & I I). CRA staff and the CMC development team met on January 23, 2019, to discuss the design and funding details of their proposal. The main areas of focus were on the number and type of units, the target income and eligibility of the future residents, the commercial layout, and the various financial/funding scenarios presented in their proposal. Considerable discussion took place regarding the incorporation of a property/unit ownership component. At their February 12, 2019, meeting, the CRA Board tabled the item and gave CRAAB a new assignment to perform a review of CMC's proposal, allow for public comment (see Attachment 111) and provide the CRA Board with their recommendations on the following items: • the various financing options available to CMC (Attachment IV- CRA Project Fund Summary) • the area median income categories served within the project's residential components • overall site plan components as presented These factors are important in order to provide guidance to the CMC development team as they formulate their future development pro forma and financing packages. FISCAL IMPACT: FY 2018-2019 Budget, Project Fund 02-58200-406, $1,600,000. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District and the Downtown Vision & Master Plan. CRAAB RECOMMENDATION: The CRAAB provided the following recommendations to the CRA Board: Financing Options, order of preference: 1) 9% Low Income Housing Tax Credit Funding program, one application cycle; 2) SAI L and TI RF, one application cycle; and 3)TI RF Income Eligibility: 30-80% of Area Median Household Income under the 9% Low Income Housing Tax Credit Funding program. 80-120% of Area Median Household Income, multi-family, under the SAIL funding program. 60-120% of Area Median Household Income under the TI RF funding option. Site Plan: Consideration should be given to ensure that parking calculations meet or exceed the City's Land Development Regulation requirements. Consideration should be given to install larger caliper trees where possible throughout the development and parking lots to provide additional shade. Consideration should be given to provide covered walkways or entrances where possible throughout the development and parking lots. CRA BOARD OPTIONS: 1. Review and make recommendations for the Proposed Project design layout, area median income served and financial options as submitted by Centennial Management Corp.; and, 2. Recommend that the CRA Board authorize CRA staff and legal counsel to continue negotiations with Centennial Management Corp. for a maximum 60-day period to begin preparation of a formal Purchase and Development Agreement. 3. Consider other options or actions as determined by the Board. 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SUBJECT: Discussion and Consideration of the CRA's Cottage District Infill Housing Project Conceptual Development Terms SUMMARY: At their meeting on September 11, 2018, the CRA Board ended negotiations with Sunrise City LLC, and approved entering into preliminary negotiations with Neighborhood Renaissance, Inc. (NRI) based on their Proposal submitted in response to the 2018 Cottage District RFP-RFQ (see Attachment 1). Since that time, CRA staff and the NRI development team have been working together to flush out as many detail issues as possible relating to the site plan, elevations, utilities and street improvements and the cost of construction. Both teams have been working to develop a project design and scope consistent with the RFP/RFQ as well as in the best financial interest of the CRA(see Attachment 11). Based on our staff/team meetings and courtesy site reviews with City Development staff, two conceptual site plans have been created for the CRAAB's review and discussion (see Attachments I I I.A & 111.6). Both site plans contain approximately 30-34 single family housing units, attractive design, a green space/park and streetscape elements generally consistent with the requirements of the RFP/RFQ. Staff presented the two site plan designs and the financial breakdown of funding sources and uses for Site Plan A only (see Attachments IV & V) which were presented to the CRAAB at their March 7, 2019 meeting as well as the key points of the financial breakdown below and the CRA's Project Fund Allocation Worksheet (see Attachment VI): Proposed Project Cost: $11,173,946 Developer Requested CRA Contributions Land Value: $1,120,000 Funding: $2,057,088 Developer Fee (11.5%): $1,089,704 Developer Contribution: Revolving line of credit for unit construction repaid by sale of unit The following items were discussed and public input were received and included in Attachment VII: • Conceptual Site Plan Option A or Option B • Financial I mpact to the C RA • Development terms and restrictions FISCAL IMPACT: To be determined. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan; Heart of Boynton District CRAAB RECOMMENDATION: The CRAAB provided the following recommendations to the CRA Board: Financina: Supported as presented. Home Buyer Income EligibilitX: 80-140% of Area Median Household Income. Consideration should be given ways to maintain the project's long term affordability. Site Plan: Favored Site Plan Option A with staff identified conceptual changes. Consideration should be given to ensure that parking calculations per unit meets the City's Land Development Regulation requirements. Consideration should be given to provide driveway widths to accommodate side-by-side parking or or two car garages where and if possible. CRA BOARD OPTIONS: 1. Make recommendations to Neighborhood Renaissance Inc. regarding the proposed project's design and funding options and direct CRA staff to negotiate the terms and conditions of a Purchase and Development Agreement to be presented to the Board on the next available agenda. 2. Determine that the CRA funding contribution requested by Neighborhood Renaissance Inc. cannot be met and unless an alternate funding source is found within a specified time frame, the Cottage District RFP/RFQ and further negotiations with NRI be terminated. 3. Other recommendations or options as determined by the CRA Board. ATTACHMENTS: Description D Attachment I - NRI's RFP-RFQ Proposal D Attachment II -Summary of Activities Attachment III.A. -Site Plan LayoutA D Attachment III.B. - Site Plan Layout B D Attachment IV - NRI Project Cost Breakdown D Attachment V -03.07.19 CRAAB Presentation by NRI D Attachment VI - Project Fund Allocation Worksheet D Attachment VII -03.07.19 Public Comments io- Neighborhood Renaissmce Diverse Communities — Strong Economies SUBMITTAL IN RESPONSE TO: BOYNTON v,fta f a a', la BEACH ' REQUEST FOR DEVELOPER QUALIFICATIONS AND PROPOSALS COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT ISSUE DATE: MAY 14, 2018 SUBMITTAL DEADLINE: JULY 17, 2018, NO LATER THAN 2:00 P.M. Submitted To: Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway Boynton Beach, FL 33435 Submitted : Neighborhood Renaissance, Inc. 510 24th Street, Suite A West Palm Beach, FL 33407 COPY SUBMITTAL IN RESPONSE TO: COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT REQUEST FOR PROPOSALS AND DEVELOPER QUALIFICATIONS BOYNTof-'-, N �� ?� �`w �Y ilk��l; a' 1' fA'A' Iif {t;'i2;l�j}i11�1� }x, °ivtt},ia,%) BEACH July 17, 2018 BY: Neig4borhood 'enaissance Diverse Communities — Strong Economies Carlos Toledo, Development Manager 51024 th Street, Suite A, West Palm Beach, FL 33407 561-832-6776 x107 tld rihcrhoccleiai �ear INDEX Tab Page 1. General Statement of Qualifications 3-4 2. Certificate of Good Standing 5 3. Proof of Ownership of Business Location 6 4. Project Personnel with Qualifications and List of Similar Projects 7-12 5. Similar Projects Completed by NRI 13-22 6. Project Description 23-24 7. Proposed Housing Units and Housing Unit Types 25-26 8. Development Pro forma 27-28 9. Proposed Project Based Subsidies 29 10. Description of Local Hiring and Training Program 30 11. Signed Statement of Intent to Acquire the Property 31 12.Authorization to Perform Credit Checks 32 13. Proof of Financial Capability 33 14. Marketing Plan 34-36 15.Acknowledgement Letter 37 16. PowerPoint Presentation 38 17. List of Civil and Criminal Legal Actions 39 18.All Other Requirements and Attachments 40 Page 2 of 40 1.General Statement of Qualifications Since 1992, Neighborhood Renaissance (NR) has expanded its programs, services, and real estate portfolio, while broadening its geographic reach to other communities in need of affordable housing within Palm Beach County. As of 2017, the organization's net worth rose to $13,800,000 since its formation leveraging investments of over$30 million in the last five years. Development, planning, construction and financing activities are managed by Terri Murray- Executive Director, Michael Pecar- Director of Real Estate and Carlos Toledo - Development Project Manager with a combined 90 years of experience in all aspects of commercial and residential development. Our executive team over the years has worked in many public-private partnerships. Please see Tab 4 for the respective biographies. NR's projects range from construction of 13 new homes in the Westgate-Belvedere Homes CRA to $12 million program to acquire and renovate 76 distressed dwellings throughout Palm Beach County and held for rental to income-qualified households. NR's development activities have occurred mostly in distressed neighborhoods with the goal of strengthening them with pride of home ownership and removing blight. We reinforce continued homeownership and protect investment of public investment of funds with deed restrictions on re- sale, restrictive loans and ground leases to assure the homes do not fall into the ownership of out of area investors. Highlights of Neighborhood Renaissance's development achievements are the following: • In 2018, broke ground on the construction of Mango Cove, a 36-unit apartment community in West Palm Beach at the cost of$8.2 million for families who earn less than 120%of median income with completion in mid-2019. • Construction of the Lake Worth West Village Art Lofts will be completed in September 2018. The Lofts is a unique mixed-use residential and commercial development that includes eight live/work artist townhomes and a 2,000-sq.ft. Class A commercial space at a cost of $3.2 million. In 2013, completed the construction of 13 single-family homes as part of a comprehensive long-term strategy to revive the Westgate-Belvedere Homes redevelopment area to replace homes that were destroyed by Hurricanes Wilma and Francis. From 2011 to 2013, successfully implemented a $12 million grant as a sub-grantee of Palm Beach County's Neighborhood Stabilization Program to acquire and rehab 78 single-family and multi family homes. Page 3 of 40 To date, completed and sold over 170 single-family homes to working families in the following communities: West Palm Beach, Lake Worth, Riviera Beach, Royal Palm Beach & Palm Beach Gardens at a total investment of over$21 million. Completed a "Model Block"program, that transformed the Northwood neighborhood and its business corridor through new home construction, substantial rehabilitation of historic homes, homebuyer purchase assistance, streetscape improvements and lush landscaping. This approach incorporated a two-year planning process that resulted in three new mixed-use zoning districts with new urban design standards that immediately paved the way for new commercial and residential developments. Within a span of five years Neighborhood Renaissance in partnership with the City of West Palm Beach achieved the following: a Constructed 35 new homes and rehabilitated 14 properties as well as assisted 65 families to purchase homes at a total investment of$8 million. o Administered a business district beautification, security, and small business incentive program, and developed new urban design guidelines for the Northwood Village. o Developed within the business district, the Renaissance Courtyard, the first mixed- use residential and commercial project to be built in the Northwood Village, currently owned and managed by Neighborhood Renaissance; recipient of the Federal Home Loan Bank of Atlanta EDGE award. o Provided small business training and assistance to approximately 150 low and moderate-income entrepreneurs resulting in over 115 jobs for low-income residents. o Completed streetscape improvements and landscaping for both the business corridor and the residential areas as part of the redevelopment of the neighborhood. o Received several national best practice awards in community development. This Model Block approach was replicated at a smaller scale in two other neighborhoods: Royal Poinciana in Boynton Beach and Westgate in unincorporated West Palm Beach. Formed the County's first community land trust in 2007; as of 2018, it contains nine homes. Implemented the County's first lease-purchase program through the Community Land Trust. Currently, NR owns and manages a scattered-site rental portfolio of 58 units comprised of single-family and multi-family homes. The homes are leased at below market rates to families earning less the 50% of the Area Median income and managed by NR's in-house property management team. Offered housing counseling services to over 3,500 households since 1992. Page 4 of 40 2. Certificate of Good Standing Please see a copy of the Certificate of Good Standing behind this page. Page 5 of 40 State of Florida Department of State I certify from the records of this office that NEIGHBORHOOD RENAISSANCE, INC. is a corporation organized under the laws of the State of Florida, filed on June 5, 1992, effective June 3, 1992. The document number of this corporation is N49255. I further certify that said corporation has paid all fees due this office through December 31, 2018, that its most recent annual report/uniform business report was filed on April 11, 2018, and that its status is active. I further certify that said corporation has not filed Articles of Dissolution. Given under my hand and the Great Seal of the State of Florida at Tallahassee, the Capital,this the Eleventh day of April, 2018 y_ moo n; -� Secretary of State Tracking Number: CC0860554178 To authenticate this certificate,visit the following site,enter this number,and then follow the instructions displayed. i https:Hservices.sunbiz org/Filings/CertificateOfStatus/CertificateAuthentication 3. Proof of Ownership of Business Location Neighborhood Renaissance, Inc. is the sponsor and responsible entity for this development proposal. Please see proof of business location ownership (PAPA record) behind this page. Neighborhood Renaissance, Inc. was formerly known as Northwood Business Development Corp. Page 6 of 40 Dec-30-1998 81_13pu 913-510982 bared band return to: ORB S Q?8-dc�,to- Pg I OSS DANIEL L MONAHAN Can 74,378,20 Doc SM.as �i�n��ma��r�naan�cnnaa>la�llib HARVEY,WADDELL&MONAHAN 101 North J Street Lake Worth,Florida 33460 ss1-585631' File No.: COO LOINORTHW Will Call 3 Space Above This Line For Recording Data]. Warranty Deed 0 This Warranty Deed ' 21st day of December,1998 between S.L.COSTELLO and C IE COSTELLO,his wife whose post office address is N 476 Glenbrook Drive,Atlan ,F 'da 33462 grantor,and NORTHWOOD BUSINESS DEN CORP. whose post office address is 440 24th Street,West Palm Beach, orida 33407 grantee: Q (Whenever used herein the terms 'grantor' a rantee- inrfude all the parties to this instrument and the heirs, legal representatives,and assigns of individuals,and the 7surd assigns of corporations,trusts and trustees) U WITNESSETH,that said grantor,for and in cor ' n of the sum of TEN AND N01100 DOLLARS{$10.40}and other good and valuable considerations to said cg t` r' hand paid by said grantee,the receipt whereof is hereby acknowledged,has granted,bargained,and sold W4,10"ch rantee,and grantee's heirs and assigns forever,the following described land,situate,lying and being in County,Florida to-wit: Is 4 Lots 3,4,5,and 6.Block 50,NORTHWOOD ADDITI0 n9 to the Plat thereof on file In the office of the Clerk of the Circuit Court in andtff!,#:�4h County,Florida, recorded in Plat Sock 9,page 47,Public Records of Pa' e7 ounty,Florida. Parcel Identification Number:744343-09-054!50-{1030 SUBJECT TO zoning,restrictions,prohibitions and other requ 'i posed by governmental authority;restrictions and matters appearing o or otherwise common to the subdivision and public utility easements of reew TOGETHER with all the tenements, hereditaments and appurten cetttereto belonging or in anywise appertaining. TO HAVE AND TO HOLD,the same in fee simple forever. AND the grantor hereby covenants with said grantee that the grantor is la 11 sof said land in fee simple; that the grantor has good right and lawful authority to sell and convey said nd ,the grantor hereby fully warrants the tine to said land and will defend the same against the lawful clai ons whomsoever,and that said land is free of all encumbrances,except taxes accruing subsequent to December 31, 1995. DRB 1 OSA4 Pg I QTS DOROTHY H. HILHEN, CLERK PB COI ITY, FL IN WITNESS WHEREOF.grantor has hereunto set grantor's hand and seal the day and year first above written. Signed,sealed and delivered in our presence: (Seal) w= e s -n� . _ ,„ S L. COSTE Wi s Nam L h ` _+ (Seal) W' asa a ►1 COLLIE COSTELLO tsiess TZ ?/h STATE OF Florida COUNTY OF Palm Beach � L COSTELLO The foregoing Instrument was a dged before me this j day of December, 1998 by S. L.C and CONNIE COSTELLO.his wir personally known tome or has produced a iver's License as identification. ;t14Hl1l1 � - tary Public [Notary Seal) ..S •e. Printed Name: •�'y+^0- My Commission Expires: #GC 6M208 r?o N bale /fJ)ri�litti�:11\\\ SEA r k SFA A4 Palm Beach County PropertyAppraiser; Location Address 504 24TH ST A r <c 1pdit>WEST PALM BEACH gel 11si �ate:-74-43-43-09-05-050-0030 NORTHWOOD ADD IN PB 8 PGS 47&62,PB 9 PGS 30& 47,PB 10 P 11,PB 11 PGS 18,38 t ffif i1-Records 11;1eo 10844 Page 1065 Sale D,,n': DEC-1998 s ga-1,Dic-seniption NORTHWOOD ADD LTS 3 THRU 6 INC BLK 50 ddrr Malling,at a ass NEIGHBORHOOD 510 24TH ST 4 A RENAISSANCE INC WEST PALM BEACH FL 33407 5462 1s t11 1'sf«, I 1.1' 1x',. Date 11a >fiv7��_, DEC- 10844/ WARRANTY NEIGHBORHOOD RENAISSANCE 1998 $74,400 01065 DEED INC DEC- 10844/ WARRANTY 1998 $100 01060 DEED COSTS LO S L&CONNIE r MAR 08681/ WARRANTY 1995 $29'000 00397 DEED I JAN $100,000 03375/ 1980 00823 NEIGHBORHOOD RENAISSANCE INC 2018 PART-AFFORDABLE HOUSING Nu th r 3,af tx1te 2 `"total 'quar feet 5208 Ac.,-vs 0.1860 1200- NMUDTIH-(74-WEST Use Code STORF/OFFICE/RFSIDENTiAL � tt PALM BEACH) 'Dix,1_ r 201."y 0111 2015 lad°do v r"rt t VaI=_ $500,796 $455,480 $401,452 ud, 5187,110 $178,200 $102,060 1 petal Ahark.cs Valu $687,906 $633,680 $503,512 All values are as of Jammy 1 st each year Year 200 2016 lilt`s . s sse V hiv, $595,563 $541,421 $492,201: anaMra1 $422,850 $449,913 $349,463 1 Mata, .l e $172,713 $91,508 $142,738; gkix year 20117 A,.1'V;loreu"i $3,972 $2,704 $3,314+ Nov,Ad p; ;,,vrnn $985 $962 $969, T(,,ta tax $4,957 $3,666 $4,283 9 4. Project Personnel with Qualifications and List of Similar Projects Neighborhood Renaissance, Inc. is the developer and owner of the project to build and sell the homes. However, the strengths of our supporting team including the general contractor, architect and community liaison are important elements to delivering a great community of homes to the Heart of Boynton. 11 Neighborhood Renaissance, Inc. Neighborhood Renaissance Diverse Communities—Strong Economies Terri Murray, Executive Director,joined Neighborhood Renaissance, Inc. in 1999. She is an accomplished community development professional with over 30 years of experience with mixed- income, mixed-use and affordable housing development. She designed, implemented and administered homeownership assistance, housing rehabilitation, new construction, small business assistance, workforce development, and property management programs. She worked effectively in the for-profit, non-profit and local government arenas. Ms. Murray holds a Masters in Urban Affairs in Housing and Community Development from Boston University. Michael Pecar, Real Estate Development Director,joined Neighborhood Renaissance in 2011 to oversee the construction of the Westgate in-fill home ownership project and the rehabilitation of fifty-three NSP 2 properties. Pecar is also the designated Broker for NR's realty company, Your Way Home Realty, Inc. Over the past 35 years, he has managed the development process for all property types. He has played leading roles in the areas of new project identification, acquisition, government entitlements,financial structuring, site planning, architectural design and total project management. Mr. Pecar is a recognized developer of large-scale commercial centers including Laguna Hills Mall in Laguna Hills, CA and EI Paseo de Saratoga in San Jose, CA for world-class development firms such as Simon Development Corporation,The Irvine Company, The O'Connor Group and the Pritzker family. Mr. Pecar has also served as an Investment Manager for private equity firm, New Boston Fund. He has managed development of retail projects in Asia for Trizec-Hahn. He holds a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. The following list of similar protects were developed and managed by either Ms. Murray and/or Mr. Pecar: o West Village Art Lofts, Lake Worth o Mango Cove Apartment Community o Westgate-_Belvedere DRI homes o Palm Beach County National Stabilization Program o Pleasant City and Lake Worth Infill Homeownership Page 7 of 40 Carlos Toledo, Development Manager joined Neighborhood Renaissance in 2017. He served in numerous capacities including, Deputy Director of Fordham Bedford Housing Corporation in the New York, Interim President of Carrfour Supportive Housing, Inc., Controller, Real Estate Credit Underwriter, and Vice President of property management organizations. His experience includes various aspects of affordable housing development, financing and management, which includes but is not limited to, financing through use of Low Income Housing Tax Credits,Tax-Exempt bonds, HOME, SAIL, and AHP. He has developed over 2,500 units of affordable housing and managed over 5,000 multifamily units. He has a Bachelor of Science Degree from Herbert H. Lehman College of the City University of New York. He has over thirty-two years of experience in multifamily affordable housing including new construction and re-development. He has developed the following new construction properties: o Villa Aurora, Miami, Florida —76-unit high-rise. 100% affordable rental property completed in 2009. o Shuler Manor, Miami, Florida— 100-unit high-rise. 100% affordable rental property completed in 2011. o Parkview Gardens, Miami, Florida —60-unit garden. 100% affordable rental property completed in 2012. Page 8 of 40 Stuart and Shelby Development, Inc. Built witb Inter V aasad Pride We consider our construction team, Stuart&Shelby, integral to the planning and construction of project and should be on board from the early planning stages to assure and efficient, buildable plan that can be built to within budget. Stuart and Shelby Development, Inc. is a Delray Beach based general contractor headed by Chuck Halberg who has been in the South Florida construction industry since 1980. S&S was incorporated in 2006 by Chuck, it has completed affordable single family and multi-family residential projects for the Palm Beach County Community Land Trust,Adopt a Family, Lake Worth Community Redevelopment Agency, Delray Beach Community Land Trust and Neighborhood Renaissance. S&S is experienced in federally funded projects,section 3 hiring practices and Davis-Bacon compliance. Experience Stuart & Shelby Development is a General Contractor licensed in the State of Florida and incorporated in Florida in 2006. President and owner Chuck Halberg and his staff have over 75 years of experience in residential construction in the South Florida market. Chuck Halberg has been a Florida State Certified licensed General Contractor since 1986 and personally has been involved in over 2,500 single-family homes and over 300 multi-family units. Stuart&Shelby currently employs 8 full employees, l part time employee and 1 contract worker. Stuart&Shelby's experience includes working for several non-profit and governmental organizations in urban neighborhoods including the Delray Beach Community Land Trust,the Community Land Trust of Palm Beach County, Adopt-a-Family of the Palm Beaches, Inc., the Lake Worth Community Redevelopment Agency, the Hallandale Beach Community Redevelopment Agency, and the Delray Beach Community Redevelopment Agency. Several of the projects included federal funding including NSP2 and HOME funds. Our teams experience with federally funded projects includes NSP2, HOME, CDBG, DR13, and Section 202. Key members of the Stuart and Shelby team includes: Chuck Halbert , President,_Principal Point of Contact • Delray Beach Chamber of Commerce 2013/2014 Business of the Year • Florida Licensed General Contractor since 1986 • In the construction industry since 1975 including South Florida since1980 • Construction Management/ Executive since 1980 for three top 200 National Builders • Oversaw the construction of over 2500 residential single family units,3500 apartments, and 800,000 SF of commercial space since 1975 • Personal strengths in business relations, product development,budget management quality control, customer satisfaction Dave Dedman, Director of Construction Page 9 of 40 • In the South Florida construction industry since 1989 • Florida Licensed General Contractor • Experience in both production and custom home construction • Personal strengths in land development,quality control,and team development Gary Winslow, Construction Manaper • In the South Florida construction industry since 2002 • Capable of taking a project front site development up through closing • Portfolio includes product,semi-custom and custom homes • Strengths include coordinating owners and owners rep, architect, designers and building ■ Officials, managing subcontractors and vendors,day to day scheduling and quality ■ control Page 10 of 40 architects AW Architects AW Architects is a full service firm located in Boca Raton, Florida. Founded in 1976, we provide Award winning, innovative, and strategic, planning and design solutions that make each project uniquely successful. The services our firm provides to both public and private clients include: • architectural design • planning • interior design • 3D visualization Our design excellence has given us the opportunity to work with clients worldwide. Our portfolio of projects includes: • government facilities • hospitality • resorts • country clubs • clubhouses • commercial parks • industrial centers • tenant improvements • retail centers • mixed-use centers • residential single and multi-family • student and workforce housing As members of the United States Green Building Council, we are committed to sustainable design and development. We are LEED° Accredited and currently have over 425,000 square feet of LEED® building projects under construction. Please see additional information behind this page. Page 11 of 40 .Boynton Beach Faith-based Community Development Corporation BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION POST OFFICE BOX 337•BOYNTON BEACH,FL 33425-0337 2191 NO.SEACREST BLVD.•BOYNTON BEACH,FL 33435 PHONE(561)752-0303 •FAX(561)244-5046 Boynton Beach CDC is a tax exempt, 501 (c) (3) Florida Corporation, based in Boynton Beach with a target area of the entire city, and has among its purposes to develop affordable housing opportunities in Boynton Beach and surrounding communities. Key elements of the CDC's program are to: a) Build/develop well-constructed, affordable/attainable cost housing units for individuals/families who earn between 30%- 120% of the area median income b) Provide first-time homebuyer education c) Provide credit and homebuyer counseling (pre & post-purchase) d) Provide foreclosure prevention counseling and education Boynton Beach CDC supports the Cottage District Development and desires to collaborate/partner with Northwood Renaissance on its successful implementation to ensure that there are maximum community benefits and opportunities for quality housing,job creation and capacity building. Page 12 of 40 5. Similar Projects completed bV Neighborhood Renaissance Also projects with total units including photos, add land assembly projects Anchor site and Village Square Date Complete' Location Size Under Air Date Start (or UC) Agency Mango Cove Apartments, 36 new lianuary May 2019 Sale of 19 of NR's 1561 S. Florida Mango Road, 33406 apartments, 900 52018 (NSP2&3 homes sf each I West Village Art Lofts and 8—for sale June 2017 September Lake Worth CRA, Commercial space, townhomes 2018 Palm Beach County i 110 N F Street, Lake Worth, 33460 (1,600 sf), Commercial (2,000 sf) ............_.................................................._.........................................__...._....._..............._..._._........._.._._._... _..................._._._.._---....._._._.__._.._....._._..........._.........._._........_...._........_......_..._...................._................_...._...._._.... 113 S D Street, 33460 3 BR— 1,307 sf 03/2017 08/2018 Lake Worth CRA ....................._...._............._...._.................._._......_....................._._........................................................_............._.._..._.._._._.................._._......._...._..................._........................._.._........_................_...._.._................_._._._..........._...._._.._...._........._......._ 128 S E Street, 33460 3 BR— 1,307 sf 03/2018 08/2018 Lake Worth CRA ._........._........................_................__....................................._...._._................_.__._.........._........_._............_.._....._._.__._._._... _._._......................._..._._...._._._._............_.._...._..................._..........................................................................................__............_._.............._.......___.._......._.__._.....__.................. . West Palm Beach, 527 18th Street, 33407 4 BR— 1,740 sf ;10/2017 02/2018 (UC) HCD ._._....... ........_._......................._................_................._....-.........._............._...._......................._............_............_........................._._......................_._._.._....................._...._.__._...._.........._..._....__.............._........_.__._......._...._......................._.._.__._.........._.......................... West Palm Beach, 53018............................_................_......................................._._._................._.__....._..........__......_........_._.._......_.._...._.._..___...... _..__.._._............_._....__...__._._._._._.._._._.-....................._._._..._._._...._........._......._..._...._...............__..........__....._._................ West Palm Beach, 531 181h Street, 33407 4 BR— 1,740 sf 12/2017 4/2017 HCD ................._.........................._...._................._.............................................................................._._......._............................_._._................._._........_._............................................ J West Palm Beach, 154418 1h Street, 33407 3 BR— 1,307 sf 12/2017 4/2017 HCD Acquisition and Rehab of 53 Various 08/2011 04/2013 Palm Beach County, properties containing 71 dwellings— HES NSP2&3 NSP2&3 program 13 scattered site homes, 3 and 4 bedroom October December Westgate Belvedere Westgate-Belvedere homes, 2011 2012 CRA 1,400 to 1,700 sf 2495 HIAWATHA AVE, 33409 4 BR— 1,655 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere RA _._...._....._................._................................. _ . _ .. . _..... ........._...._._......._... ...._._._._..._............_.__..__..._........__.....__.....__.....__......_._......._._......_._...._...._.._._._._..._.. ._._......_....._....C........._._..............................._...._......._._............._...._._...._.._._......._... (2487 HIAWATHA AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA 2479 HIAWATHA AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA 1 _._._.._..._.._.._....._.__...._..._...._......... _................_._.......---_---------..._._._.........................................................._........._..._................_...._........................................._......._...._....................................._......._...._._................._.........._._.._.............__.......__...._......._..._........_._.._..._._.........._..............._ _ ......f 2903 SARANAC AVE, 33409 4BR— 1,655 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA ........._..............................................................._.....................................__._........_......................._................ 3 BR— 1,449 sf Westgate Belvedere 2901 SARANAC AVE, 33409 3rd Qtr 2011 3rd Qtr 2012 CRA ........_..._........................_...._................................._.........._........................................................_...._..__._._.................................................................._.................._..._._............................................._._._....................................._.._...._._.._..._..................................................._...._..._......._._._............................._........_................._._.......... 3 BR— 1,449 sf Westgate Belvedere 2827 HIAWATHA AVE, 33409 3rd Qtr 2011 3rd Qtr 2012 CRA Page 13 of 40 Date Complete Location Size Under Air Date Start (or UC) Agency 3 BR DPLX— Westgate Belvedere 2801 SARANAC AVE-A, 334091,589 sf ,.....3rd Qtr 2011 3rd Qtr 2012 CRA ............... ........ ............ ......... ............. ..... ...... ........ ._.... ._._....... ._...... ............................... ..._................._......._ ...._._..._........_............._...._...._._............_.................... _......_._._.._._._.......__....._....................._.._.........._.._..........__.......__._........__.._..._......___............__._........................_.................._._.._...................._......._ 3 BR DPLX— Westgate Belvedere 2801 SARANAC AVE-B, 33409 1,589 sf 3rd Qtr 2011 311 Qtr 2012 CRA ......_..___...._........_...._...._.........._......................._..........................._._......_......_.._..._._....__......_.............._._......._._..._......._...._..__.................._._.........__...._.__........_....._._._....._._...._..._............._...._._..._.........._._.._....._........_......._............................................._...._._._._...._..._._.........._.._......._................_._....._...._.._... 4th Qtr 2011 Westgate Belvedere 2957 SAGINAW AVE, 33409 3 BR— 1,449 sf 311 Qtr 2012 CRA ....................._....._.................................................._......._...._._..._._........_._.__................................_...._._.._..............._..._._...._._._..................................__......._................._......................_._._._............._._....._._........_....._................................._._...._.........................._......._..............._............._................_......._.._._................._......... 4th Qtr 2011 Westgate Belvedere 2947 SAGINAW AVE, 33409 4BR— 1,655 sf 3rd Qtr 2012 CRA ...._.................._....._._........._.........................._......._..._...._............._.._..............._.._..._._._.._._..........................._....................._......._........_...._._.__._....................._....................._...._........_._._._....................................._............._.................._._.._......._._.__.......................... _...... ._._...... ..._._._......._._.._._...._................_._.._._...._._.. 4th Qtr 2011 Westgate Belvedere 2941 SAGINAW AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2012 CRA ._...................._.._._...._._._......................._._.........._..._._...._.._.__........___.............._...._......_....._.__..._._...........__._._._._.._....... __.._.._.._._._._._..__........_.._.... . . e ........................................_............................_..........................._............_.........._....._._......................... 4th Qtr 2011 Westgate Belvedere 2935 SAGINAW AVE, 33409 4BR— 1,655 sf 3rd Qtr 2012 CRA ..... _............_......._........_._..__.......__._................_..............._._..__...._....._....._._._...._......._._..._....__._..._.._........................._...................................._.........................................._................_......_............._.._..........................._......._............._.._..._._...................................................._._...._._...................._._.......... 4th Qtr 2011 lWestgate Belvedere 2929 SAGINAW AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2012 ;CRA Northwood Model Block: Phasel, 2 :34— substantial 2004 2008 West Palm Beach, 600 blocks of: 32, 33 &34th Sts. rehab and new f Housing and Phase 3: 26th, 38th, 48th & 51St. Sts. construction 3 Community and 4 bedroom Development 'homes Page 14 of 40 Art Lofts of West Village, northeast corner of Lucerne Avenue and N. F Street, Lake Worth .-� Ott } „5 staff 5s " f s The Art Lofts of West Village is a community of 8 newly constructed townhomes that will join a thriving community of 12 townhomes previously sold to artists in 2012. Each townhome includes a studio space and garage on the ground floor, living space on the second and 2 bedrooms and 2 baths on the third.They contain 1,600 sf under air and 2,000 sf gross and will be certified to meet the National Green Building Standards. They will be fee simple townhomes with a property owner's association (not a condo). Prices of the townhomes range from $245,000 to $255,000. A 2,000-sq. ft. commercial building will be located on the corner. A tree shaded park for the residents' exclusive use is located in the backyard. Sales closings will be in September 2018 upon completion of construction. The project is assisted by the Lake Worth Community Redevelopment Agency (CRA) by donation of the land and a $700,000 NSP2 grant. NR applied and was awarded $532,000 of HOME purchase assistance from Palm Beach County. Four (4)townhomes will be sold to households earning less than 80% of AMI and four (4) will be sold to households earning less than 120%of AMI. An integral part of the area's revitalization includes 2,000 square feet of commercial space also part of the project on the corner that will be leased to new businesses and draw customers into the West Village. NR secured a NeighborWorks grant of$500,000 to make the tenants' rent affordable. Page 15 of 40 r t s� t, Y r t� is Living level—Open kitchen,family room and den i ` Studio level-street level with storefront and%bath Page 16 of 40 Mango Cove Apartments, 1561 S, Florida Mango Road Mango Cove, currently under construction, is a 36-unit apartment community situated on 8 acres. Designed in the "Old Coastal Florida" style, the two apartment buildings are three-stories with central breezeways overlooking a private lake. Planned with family living in mind, the homes feature open concept kitchens, large great rooms, in-unit laundry, 2 bedrooms and 2 bathrooms in 925 square feet. On-site amenities will include expansive lake views with walking paths, a recreational area with a tot- lot, play court and picnic area, lush landscaping and ample parking for residents and guests. The energy efficient homes will be within the financial reach of low and moderate-income families with rents well below market rents. Mango Cove will be owned and operated by Neighborhood Renaissance and will be income restricted for at least 30-years by a Land Use Restrictive Agreement enforced by Palm Beach County (PBC). IFi w li , g y I � I I' I l 1�1,�si� NNN f _ a ly �s �Family oriented apartment community homes with 2 bedrooms&2 baths Open kitchen with great room Laundry in each unit MANGOO Playground,picnic&barbeque areas «� f �" APARTMENTS Lakefront views&walkingpaths at r,r Breaking ground in 2017 De.eloped and Man2ged by o' Renaissance , rte Neighborhood UNI � �` %too. Renaissance '' c rev i �11`•`rt, � �, =,PYjx44fletlaPeet 6„xrr ,5c+w3gl �. Wem Cwnunities-SmmgEconomies - aR1 Page 17 of 40 Pleasant City HOME CHDO and Lake Worth NSP2 single family homes Neighborhood Renaissance recently completed the construction and sale of six single-family homes in the Pleasant City neighborhood of West Palm Beach and Lake Worth. Two more homes are being planned for the adjacent Coleman Park neighborhood and an additional home is under construction in Pleasant City with completion in August of 2018. The Pleasant City homes were made affordable to households earning less than or equal to 80% of the Area Median Income (AMI) through funds provided by the City's HOME CHDO program. The Lake Worth homes were affordable to households earning less than 120% of the AMI through donation of land and fundraising from local corporations. iib Tt IN I f -- r 5 � . II t- ,r li"" I 1 IT 4 -.- i t i,f I I l Page 18 of 40 Palm Beach County NSP 2— Residential Redevelopment Pro ram Neighborhood Renaissance recently completed the acquisition and substantial rehabilitation of seventy (70) scattered-site single-family and multi-family dwelling units located within Palm Beach County's Urban Redevelopment Area through a $12 million NSP 2 grant award as a sub-recipient of Palm Beach County's Department of Economic Sustainability. The average cost to rehab was$77,000 per unit. The total project cost is projected to be just over$12.7 million. The homes are leased to very-low and moderate-income eligible families. The homes were remodeled to increase energy efficiency and reduce long-term maintenance. Features include impact windows and doors, roof replacement with life-time materials, ceramic tile floors throughout, SEER 16 HVAC systems with new R-8 ducting, increased attic insulation to R-30, energy star appliances, ceiling fans and CFL lighting. Florida-friendly landscaping and new irrigation systems were included at each property. Neighborhood Renaissance owns and manages the properties. Tenant services include home maintenance training, financial literacy training and homebuyer education. 9-unit complex at 4509 Mathis Street, 33463 Wynnewood before and after 5 ii�lhl�t t t q h t r d? (( n �� S �f�{ 44-r= r kik a3. ,,u Mathis Street Tot Lot Wynnewood after Page 19 of 40 Westgate Housin _Replacement Housing Infill Project Through a $2,056,361 State of Florida 2005 Disaster Recovery Initiative Program Grant from Palm Beach County, Neighborhood Renaissance completed the development and construction of thirteen (13) single-family homes in the Westgate CRA for a total project cost of$3,253,495 in 2013. As developer, we completed the land acquisition, creation of subdivided lots, architectural and engineering plans, bid and constructed the homes. The Grant was leveraged with an $850,000 interim loan from Florida Community Loan Fund.The homes have been sold to households earning at or below 80%of the area median income addressing the need for affordable homeownership in the Westgate CRA. This investment will help to increase the tax base, create jobs, prevent crime by reducing the number of vacant properties, and improve the quality life in the area. The housing mix is comprised as follows: • 4 - 4BR/2.5BA single-family homes priced from $95,000—$110,000 • 7 - 3BR/2BA single-family homes priced from $100,000—$105,000 • 2 - 3BR/2.5BA townhomes priced at $85,000 These new homes have been certified to meet the standards of the Florida Green Building Coalition. Development design includes: • Eco-Friendly architectural design to minimize energy use by the homeowner • Use of renewable and easily accessible building materials minimizing the overall environmental impact of the development • Drought resistant landscaping with grouping of plants with similar water needs and strategic placement to facilitate cooling of the home • Preservation or donation of existing vegetation and top soil at the development sites when possible • Installation of low-flow water fixtures and alternative flooring, i.e. minimal use of carpeting • Inclusion of Energy Star and other high energy efficient appliances V1K'A'ttr„ Completed homes on Saginaw Avenue I,,iit4 ,U1,; tS Page 20 of 40 Boynton Beach Model Block NR received an UrbanLift grant from Wells Fargo that was administered by NeighborWorks. The City contributed additional CDBG funding.The total project budget was$289,982. Due to the use of CDBG funds, the project was subject to Davis-Bacon wages. The project included engineering and design, streetscape improvements, sidewalks, landscaping with irrigation, a bus shelter and private property facade enhancements in the Poinciana Gardens neighborhood located at Seacrest Avenue and MLK Boulevard. W N , r. The goal was to enhance the street environment to be more conducive to pedestrian activity and prepare for construction of 13 new homes within the block. To date, six new homes have been built by others and are owner-occupied. t, Jii,• I lt}t}tr.,„tf �.i�\\� rt i\\,.,11 J1�1 ,iS,� t F t 1,�r.�, \1 ll� )il}Ift ilr,ly,} ,,f\\o`�i�{, i 1..4\� �l>��,�,,, N_ �n la 44 � 11f9 -kE i � ,li Page 21 of 40 Northwood Model Block Initiative Infill Housing and Neighborhood Improvements Our Model Block program, completed in 3 phases, resulted in the construction of 34 single-family homes,the rehabilitation of 14 properties, 30 homeowners and comprehensive neighborhood improvements for an investment of over$8 million in the Northwood community. In addition, our Community Land Trust (CLT) program has helped 9 low-income families to become homeowners. As part of these projects, we provided individualized housing counseling for all of the homebuyers. For Model Block 1, we purchased 9 existing homes on 34th Street, West Palm Beach in need of substantial rehabilitation. Each household received initial housing counseling to determine their homeownership readiness. For those households not able to become homeowners, we provided relocation assistance that included: the identification of comparably sized affordable rental properties, setting appointments with potential landlords to look at available homes, and moving assistance. All the families that we assisted obtained new rental housing within the neighborhood that was of a higher quality and with a lower rent payment or the same than that was assumed by our agency from their previous absentee landlord. Phase 2 &3 of the Model Block, resulted in the substantial rehab of 4 existing homes and the new construction of 21 homes. All of the Homes were sold to 80% low-income homebuyers through CHDO/HOME assistance. 4 Renovated Model Block 1 home at 631 341 St.,WPB with comprehensive street improvements and landscaping 62132"d Street—Model Block Phase 2 Page 22 of 40 6. Project Description Our proposed project is uniquely designed to complement and add value to the neighborhood and its residents. The addition of 39 quality new residences will add variety to the living choices of working families within the Heart of Boynton.The location of the project is excellent being within short walking distance of the new Town Square and revitalized Ocean Avenue that will provide dining, entertainment, social, educational and job options. The mix of homes will include 21 detached single-family homes and 18 townhomes. The single-family homes will consist of one story, 3-bedrooms, 2 baths and a garage. The townhomes will be 2-story buildings and will have 3 bedrooms, 2 % baths and a garage. The townhomes will consist of five buildings with 2 dwelling units apiece and two 4-unit buildings. The living area of the homes range from 1,200 to 1,600 square feet. Based on the roughly 4.2+ acres,this equates to approximately 9 units per acre. The neighborhood plan is laid out with internal streets and a village green for use by the residents. All the homes have generous porches facing the street to encourage interaction with neighbors, very much like the original beach towns of old Florida. The homes will be sold to households earning less than 120%of the Area Median Income (AMI). In 2018, a household of 2 would be eligible with an income up to $73,921. Our plans include a mix of single-family and townhomes prices in the $260,000's. According to the Metrostudy report, no new homes were produced in 2016 with a sales price under$300,000. This indicates that the project will attract strong demand for these affordably priced homes. Neighborhood Renaissance's mission and goals include making home ownership projects attainable to low and moderate income households. During the development process we will seek and apply for further funding to assist households earning less than 80% of the AMI (Household of 2 with income up to $49,281) purchase a new home in the Heart of Boynton. NR will assure that the homes remain occupied by homeowners through deed restrictions for a minimum of 15 years and the HOA Declarations and Restrictions. The homes will incorporate Florida Green Building Coalition (FGBC) standards which address the sustainability and efficiency of home ownership including energy and water use and Florida friendly landscaping. The location is walkable to entertainment, dining, shopping, schools and recreation and should appeal to baby boomers and millennials. We anticipate that a homeowner's association (HOA) will be formed to maintain common area improvements such as the village green and the internal driveways. Consideration will also be made to have the HOA maintain the landscaping and provide irrigation in the front yards.The objective is to keep the properties well maintained at a very small cost to the homeowners. Included in our plan is a public neighborhood park on .2 acres (approximately 90 feet by 90 feet) offering landscaped open-space filled with trees,walking paths and benches. If possible, a bus shelter will be installed at the corner of NE 4th Avenue and Seacrest by the proposer. The perimeter of the property where it interfaces with the neighborhood will provide an attractive visual and pedestrian environment with street trees, 6 foot-wide sidewalks and street lighting along NE 4th and NE 5th Avenues and NE 11t Street. Page 23 of 40 Summary of Benefits to the Cite and nei hborhood: • Increase in real estate tax basis by$ 10 million based on projected sales prices. • Economic development by bringing jobs during construction with local hiring goals. • Attract 39 new households within the Heart of Boynton TOD. • Redevelop blighted vacant lots with new energy efficient residences. • Beautify the streetscape with new landscaping lighting, sidewalks and curbs. • Create a public pocket park for area residents. Schedule Our work plan will begin upon award of the lots from the CRA. • Upon finalizing the Purchase and Development Agreement, NR will complete due diligence activities including title work, survey, zoning, alley closure/abandonment and site plan approval and prepare construction plans for the first lots to begin construction. Environmental Study has been provided by the CRA and recommends no further study. (60 days). • After receipt of all land use, zoning, site plan and platting approvals and completion of the construction plans, we will apply for sitework permits and building permits for each new home. • Upon receipt of a sitework permit, we will begin constructing the land and infrastructure improvements so we can begin the home building construction.This includes the perimeter streetscape and interior access roads including utilities serving the interior lots. • We plan to start construction of at least 2 homes immediately that would serve as model homes and sales center. We anticipate that a minimum of 2 purchase contracts will be executed per month. The homes will start construction every month thereafter depending upon signing sales contracts. Construction of each home will take approximately five (5) months from permit issuance to certificate of occupancy. Please see Tab 18 for the timeline of the project schedule. Attached are the following items: • Proposed Site Plan • Proposed Home Floor Plans • Proposed Home Elevations • Proposed Schedule We will adhere to the design guidelines of the RFP, the CRA Redevelopment Plan and the Urban Design Guidelines. Page 24 of 40 w�s E w V w V K �c v Z N'✓ odfoo d 'J.S ISL 'IN CA 94 r. I e y IW L,¢EUj Cy�,1 a ,711 ill J S< v )t e 5 �p =f— BKmTT19 %AAY�k4 999 _ 1 t _ y� V✓ Clf1� 1 �J 35 a z u OEhFw IMZ q�ZZZ C c7 w a H - - - FF y ti i z E 2® 2 2ir U iU. tl A � � u r t v �e3 t t " Mi E I ti � tt i r"t3i +1��4r I11 x f, 6 a i C U < 44 ........... 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X34,. V � U < iI7 W Q `c5 G N G .I I - � I N b, L-------------------------------- ;r rr S1ir } srt fi ��-' it x� $titUflsi l r '001 I M nn IN, MMNNN�l will ,\N , \01 all 01, 00 . ® ® . ® . . ® . . . � m • Q m a v zN "'' lwx u> m a 8d �i a 8 d ,a 41 c > ~ u q 0 0 0 0 0 0 0 0 0 0 xm o •� � +S � N N .i W CO W N N N � M1 41 p C N R'f •i sJ' � CP H e-Y n[ PH M G. 8CS 6A C QP 4 V w 4A kA Cb GL En dS. u�m L Q C 6B 49 o • � a �- N d d � d d a � o o a •� b tti � N N N � W W N N N N n TY F to .y M d' V O Ol N N N N M qa � ti 41 u� ti T y C 41 41 tL3 � Lo o c m o a Cottage District Infill Housing Redevelopment Project Timeline Timeline Activity Start Completion Respond to RFP May-2os8 JUI-2os8 Presentation Aug-2os8 Sep-2os8 Award Sep-2os8 Sep-2os8 Zoning/Land Use Approvals Sep-2os8 Apr-2019 Architectural Plans Sep-2os8 Apr-2019 Permitting Feb-2019 Sep-2019 GC Bidding May-2019 Jun-2019 Closing Aug-2os8 Sep-2019 Construction Oct-2019 Sep-2021 Sales Start Oct-2019 May-2021 Sales Completion May-2021 Nov-2021 4 7. Proposed Housing Units and Housing_PnK_Types As noted above, we are proposing 39 homeownership units. All of the homes will be for households earning at or below 120%of the Area Median Income. All homes include one car garage and front porch. Below is a proposed unit mix: #of Units Unit Size (sq.ft. under air) Unit Type 18 "A"— 1,595 sq. ft.Townhome 3 Bedroom/2 Bath 7 "B"— 1,493 sq. ft. Single Family 3 Bedroom/2 Bath 7 "C"— 1,454 sq. ft. Single Family 3 Bedroom/2 Bath 7 "D" — 1,375 sq. ft. Single Family 3 Bedroom/2 Bath Minimum construction standards for each home Every home will be certified to Florida Green Building Coalition standards by an independent 3rd party consultant. Inspiring Architecture„and Design Features ➢ Monolithic Slab and CBS exterior walls with bond beams ➢ Prefabricated engineered wood truss system for floors and walls ➢ GAF Timberline Lifetime HD dimensional shingles (or equal) ➢ Gutters and downspouts per plan ➢ Stucco textured finish on exterior walls and overhangs ➢ Decorative stucco per plan ➢ Designer exterior paint schemes-fascia/ band white,walls one color, entry door and garage door one color ➢ Concrete patios, driveways and entry walks will be a broom swept finish ➢ Hurricane impact rated windows and French glass doors (where applicable) ➢ Hurricane impact rated metal embossed garage door with opener ➢ Hurricane impact rated fiberglass two panel entry door ➢ Exterior hose connection (minimum two per home) ➢ Exterior GFI receptacle (minimum two per home) ➢ Coach light on one side of garage door and motion sensor double flood lights on 3 other corners of home ➢ Minimum 16 SEER air conditioning system with digital thermostat(Carrier or equal) ➢ Fully irrigated lot with landscape and sod Custom Interior ➢ Smooth drywall finish on ceilings and walls except bathroom ceilings and walls are orange peel) ➢ White flat paint on all ceilings &walls,white semi glass on all doors and trim. ➢ Stucco finish on garage masonry walls will be light texture ➢ R-30 ceiling insulation, R4.2 foil on exterior masonry walls ➢ Hollow core 6 panel or 2 panel interior doors ➢ Energy Star rated kitchen appliances including refrigerator, dishwasher, range and microwave ➢ Decorative 2-1/4"casing on all swing doors and 4-1/4" baseboards in all rooms except bathrooms. ➢ Lever door hardware on all interior doors (brushed chrome finish) ➢ Mohawk Pazzini or Heathland (or equal) 18" tile flooring on main core of house Page 25 of 40 ➢ Mohawk carpet in the bedrooms ➢ Carrera white/gray marble window sills ➢ Abundant bedroom and linen closets and kitchen pantry closets per plans. ➢ Ventilated "free glide" vinyl coated metal closet shelving ➢ Minimum 50 gallon electric water heater ➢ Minimum 150 amp electric service ➢ "Decora" rocker light switches through-out home with standard receptacle ➢ Smoke/carbon detectors per code ➢ RG6&Cat 6 data/cable in all bedrooms and family room or living room ➢ 1 phone CAT 6 at kitchen or master bedroom ➢ 52" white ceiling fans with light kit in all bedrooms Deluxe energy rated lighting fixture package for bathrooms, foyer, dining room, hallway and walk in closets Page 26 of 40 8. Qevelo„ Ment Pro forma This project as proposed represents an $11,653,000 investment in the neighborhood which includes home construction, on and offsite infrastructure and soft costs. The estimated assessor market value is approximately$10,000,000 based upon the aggregate sales price of all 39 homes priced to be affordable to 120%AMI households. There is a shortfall of approximately$1,403,000 as the project costs exceed the sales proceeds. Assistance from the City and the CRA is requested to facilitate the development. Uses: Total Project Cost $11,652,924 Sources: Sale of homes $10,249,864 City and CRA assistance: Utility Capacity Fee Waived $ 152,100 Infrastructure Improvement Assistance CRA $ 1,250,960 Total Sources $11,652,924 In addition to donation of the land, we will be requesting direct assistance from the CRA and/or the Boynton Beach Utilities for reimbursement of infrastructure improvement costs and capacity fees. Mainly attributed to the public infrastructure required to be installed, a desire for high density of homes and limited sales prices to end users, the development will require substantial public assistance. The infrastructure improvements are high for an urban infill project since 3 of the street frontages require sidewalks, curbs, street lighting and upgraded street trees including properties that are not being redeveloped. Also, to attain the higher densities and take advantage of the depth of this block, internal streets and home sites are being created.The cost of the internal streets and extending utilities to them adds significantly to the shortfall. However, the master plan for the area encourages higher densities with an urban design. We estimate that an additional 14 homes are created by the efficient use of the land Offsite improvements: These include sidewalks, curbs, street lighting and upgraded street trees along the 1,600 linear foot perimeter of the site except along Seacrest Blvd. Our pricing is based upon construction costs for the recently completed Davis Land West community of 24 homes completed by Stuart and Shelby. Adjusted for inflation, these improvements total $630,000, or$393 per linear foot. Imact_Fee Credit Assumption: Based on the Phase I Environmental Site Assessment, there at one time may have been 16-18 homes constructed on the site. We inquired how much credit may exist from the PBC Impact Fee Department but did not receive a response. We assume that there will be enough credits equal to 16 homes that are planned. Home Construction: Construction costs of the new homes was developed by Stuart &Shelby based upon recent experience with the 24 home Davis Landing West projects. Page 27 of 40 Determination of Sales Price Affordability The generally accepted standard of housing affordability is that households should not expend more than 35% of their income on housing with includes principal, interest, insurance and property taxes.This suggests a median sales price for a home in the proposed development of approximately$260,000 with some models higher or lower. Recent sales of similar, newer homes with % mile of the site are averaging$175 per square foot under air. The buyer of this home would need an income of$68,000 (see affordability calculation below) to purchase the home with FHA insured financing at current rates of 5.0%. This suggests that no 1 person households can afford a home and that a few 2 person households would be able to afford to purchase. We will be targeting households earning<= 120%AMI. 2018 Maximum Income Limits Household Size 120%AN 1 $64,680 2 $73,920 ........ . 3 $83,160 4 $92,280 5 $99,720 Effective 3/30/2018 by HUD(HOME)and subject to change Affordability Calculation Sales price=$260,000,3.5%down payment=$9,100, mortgage loan =$251,700. Household Income=$67,760 per year/$5,647 per month, Total monthly housing payments @ 35%=$1,976 Principal and interest @ 5.0%= $1,351 plus property taxes and insurance =$625 PITI =$1,976 A review of the 2018 Maximum Income Limits chart above shows that no "one-person" households and very few 2 person households can afford a $260,000 purchase price indicating the need for some purchase assistance for some buyers. Over the last 18 months NR has sold 19 homes of which only 7 could be sold for$260,000 or more even if the home appraised for a higher price. From recent experience, we believe that $260,000 is the best target sales price if the homes are to be marketed to household under 120%AMI. Page 28 of 40 Cottage District Infill Housing Redevelopment Project Sources and Uses Neighborhood Renaissance,Inc. Cottage District Infill Housing Redevelopment Project Total Development Costs Per Unit USES Land Purchase includinkclosingcosts $ - $ Actual Construction Costs Off-site Work(utilities,paving,streetscape) $ 630,285 $ 16,161 On-site Work(utilities,paving) 812,500 20,833 Park 75,000 1,923 Construction of Homes 6,486,040 166,309 Contingency 10.00% 800,383 20,523 A1.3 Total Actual Construction Cost $ 8,804,208 225,749 Financial Cost Construction Loan Interest 5.50% $ 154,000 $ 3,949 Construction Loan Orig.Fee 1.00% 35,000 897 Total Financial Cost $ 189,000 $ 4,846 General Development Cost Accounting Fees $ 5,000 $ 128 Appraisal Costs 12,675 325 Architect's Fee-Design 176,100 4,515 Architect's Fee-Supervision 35,300 905 Builder's Risk Insurance-homes 33,150 850 Building Permits 1.20% 96,046 2,463 Civil Engineer 35,000 897 Environmental Testing and Report - _ BB Impact parks,storm 595'' 23,205 595 Impact Fees(PBC only) 325,648 8,350 Impact Fee Credit(estimated 16 homes) (136,749) (3,506) Land Closing Costs 7,500 192 Legal Fees 20,000 513 Marketing and Advertising 50,000 1,282 Siteplan,zoning,platting 75,000 1,923 Property Taxes-during construction/holding period 21,257 545 Soil Test Report 10,000 256 Survey 12,000 308 Title Insurance on conveyance 5,000 128 Utility Connection and capacity Fees 3,900 152,100 3,900 Closing Costs(home sales) 1.50% 153,748 3,942 Commissions to third party agents 3.00% 307,496 7,885 Other soft cost contingency 10.0% 95,824 2,457 Total General Development Cost $ 1,515,300 $ 38,854 Developer's Fee 11.5% $ 1,144,416 $ 29,344 Total USES $ 11,652,924 $ 298,793 SOURCES Sales Proceeds-see schedule below $ 10,249,864 $ 262,817 Utility Capacity waiver 152,100 3,900 Infrastructure Improvement Assistance From CRA 1,250,960 32,076 Total SOURCES $ 11,652,924 $ 298,793 NET SOURCES AND USES TO DATE $ 0 Net Proceeds less closing costs and Sales Units Sq Feet Sale Price PU Sales GROSS commissions Per Square Foot Model _ _ .�. , "A"-3 bedroom 2 bath-TH 18 28,710 $ 261,580 $ 4,708,440 $ 4,483,857 $ 164.00 "B"-3 bedroom 2 bath-SFH 7 10,451 265,754 1,860,278 1,778,525 178.00 "C"-3 bedroom 2 bath-SFH 7 10,178 264,628 1,852,396 1,772,779 182.00 "D"-3 bedroom 2 bath-SFH 7 9,625 261,250 1,828,750 1,753,459 190.00 Gross Sales 58,964 $ 10,249,864 $ 9,788,620 L O O r-I 00 Ln �t c6 Ln lfl Ln n N LD f6 L Ol I� ci w Ol p cu Ln N O O C 00 �— r-I r-I r-I r-I Ln O C) CD I:T 00 O r- 00 00 00 Ln N Ln r-I N Lr) Lf) I, LO N 00 U e-1 r-I Lf1 ri ''.....N 1.0 .......1.0 w Lo 10 ............ d N N N N N N 0) f0 I�r V 00 N O q:t w 10 W f, 00 a) I- Ln r-I r-I c-I c-I ci ci I? OJ U L U Ln Ln m lzzr Ln I;t Q O1 01 01 Ln I, 10 \ Ln Ln Zl- m 0) N Co r I e-I e-i r I ri 00 N � � Ln a 2 cX_ N G +, D U 00 f, Il pl, rn 0 O O ri Z Ln ate.-' N N N N N f0 CO Ln O -Fa O m co m m m o U m C) 0 L d 1r 41 E 0 a Q m U 0 ' Q U � O C J N > N a1 U -0 C: N (O En vii N NN C Q E C Ln Ln 4- ccH N N N Un O U O l]0 cu � 10 t - O N U Z 9. Proposed Prgitq Based subsicries Neighborhood Renaissance will pursue funding sources, both federal and private such as banks and corporations, to assist affordability to lower income households earning less than 80%of AMI. NR has a successful track record obtaining these funds for most of our projects. The City of Boynton Beach is a recipient of State and Federal resources such as Community Development Block Grant funds ("CDBG"), HOME funds and State Housing Initiatives Partnership funding ("SHIP"). If any funding is available from the City from the aforementioned sources, we will endeavor to apply for such sources to assist with down payments or to facilitate the affordability of the homes to end users through soft second mortgages. Neighborhood Renaissance has obtained subsidies for many of its rental and homeownership developments. Below is a list of some projects that have received affordable housing subsidies: • Mango Cove: o Community Foundation for Palm Beach and Martin County- $133,000 pre- development grant o Wells Fargo Priority Markets Program - $100,000 pre-development grant o TD Charitable Foundation -$100,000 • Art Lofts o HOME purchase assistance: Art Lofts of West Village - $700k NSP2 Grant from Lake Worth CRA; $532,000 of HOME purchase assistance from Palm Beach County. The HOME funds are used to make 4 of the 8 townhomes affordable to households earning less than 80% of AMI. o NeighborWorks Project Reinvest Grant - $500,000 used to make rents affordable to new tenants of a retail building in Lake Worth's West Village • Palm Beach County NSP2 Residential Redevelopment Program - $12 Million of NSP2 funding from Palm Beach County. • Westgate CRA Replacement Housing Infill Project- $2,056,361 State of Florida 2005 Disaster Recovery Initiative Program Grant from Palm Beach County. • Boynton Beach MLK Boulevard Model Block grant in the amount of$229,000 from NeighborWorks UrbanLift and the City's CDBG funds. The funds were used for streetscape improvements such as sidewalks, landscaping and irrigation along the MLK corridor west of Seacrest Blvd. The project also included landscaping and signage on Seacrest including fagade upgrades on two properties. Page 29 of 40 10. [Description of Local Hiring and Training Program See Community Benefit Program description behind this page. Page 30 of 40 Neighborhood Renaissance Diverse Communities—Strong Economies LOCAL HIRING AND TRAINING PROGRAM-COMMUNITY BENEFIT PROGRAM Neighborhood Renaissance, Inc.will collaborate with the Boynton Beach Faith Based Community Development Corporation to implement the Community Benefit Program compiled by the CDC in the attached document. Further, Neighborhood Renaissance, Inc. commits to the utilizing the attached program on the proposed project. NEIGHBORHOOD RENAISSANCE,INC. 3, By: , Print Name: Terri Murray .P Title: Executive Director Date: July 17, 2018 510 24th Street,Suite A* West Palm Beach, FL 33407 * 561.832.6776 * Fax: 561.832.0483 www.neighborhoodrenaissance.org small businesses interested and qualified to do business with the project. Construction Jobs: The developer/builder shall make every effort to ■ Give priority to local contractors and sub-contractors whose principal place of business is in the City of Boynton Beach ■ Enter into contract with contractors that will agree to hire City residents ■ Prior incarceration shall not disqualify an applicant, however drug testing will be a requirement ■ Unskilled applicants will be hired as "helpers to one of the local contractors that are hired within the trade (e.g.plumber, electrician, landscaper, laborer, etc.) ■ Contractors and sub-contractors will be required to submit quarterly payroll records to verify local hires(i.e.names and addresses of local hires,how many hours worked and their rate of pay) ■ The developer, contractors and sub-contractors will pay or cause to pay "Living Wages" for all new hires of City residents. The developer, contractors and sub- contractors shall provide a report that documents employee wages every six months the CDC Goals for the Construction: ■ Ensure qualified City residents are hired and trained to develop construction related skill sets. ■ Provide residents with resources and skills required to be successful in the construction industry ■ Ensure program success and create a model to build on for future developments ■ The CDC will ensure developers/builders of future projects will have job applicants from the City that have been screened and trained in the construction industry and ready to work. Home Ownership Goals: ■ The CDC will identify, educate and counsel prospective homebuyers. ■ Conduct homebuyer education and financial literacy classes, to include credit counseling to prospective buyers, ensuring they are "mortgage ready" and connecting them to down payment assistance programs. ■ Assist with disseminating information in the community regarding home buying opportunities. ■ Verify household income of members and complete income certifications to ensure federal/state program compliance. ■ Create a pipeline of"mortgage ready"buyers seeking homeownership opportunities ® Facilitate the mortgage application and approval process of perspective homebuyers. Provide guidance and support when needed to buyers desirous of homeownership. ■ Facilitate the sale of homes as they become available and ready for sale ■ Source subsidy financing, conduct research on available public funding and complete applications, as well as advocate for same. BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION POST OFFICE BOX 337•BOYNTON BEACH,FL 33425-0337 2191 NO.SEACREST BLVD.•BOYNTON BEACH,FL 33435 PHONE(561)752-0303 •FAX(561)244-5046 COMMUNITY BENEFIT PROGRAM Boynton Beach CDC is a tax exempt, 501 (c) (3) Florida Corporation, based in Boynton Beach with a target area of the entire city, and has among its purposes to develop affordable housing opportunities in Boynton Beach and surrounding communities. Key elements of the CDC's program are to: a) Build/develop well-constructed, affordable/attainable cost housing units for individuals/families who earn between 30%- 120%of the area median income b) Provide first-time homebuyer education c) Provide credit and homebuyer counseling(pre &post-purchase) d) Provide foreclosure prevention counseling and education Boynton Beach CDC supports the Cottage District Development and desires to collaborate/partner with Northwood Renaissance on its successful implementation to ensure that there are maximum community benefits and opportunities for quality housing,job creation and capacity building.The goal of this Community Benefit program is to ensure priority on achieving local participation with respect to business contracting, employment and workforce development. If the project is awarded,along with construction of a portion of the homes that will be built, Boynton CDC will perform the following functions: 1. Serve as community liaison for information and education. 2. Assist with producing a job fair for local residents, contractors and sub-contractors within the City prior to the start of the project to screen for potential job applicants. 3. Ensure business contracting opportunities for local businesses during site improvement and construction 4. Develop program to provide sub-contractor"Bonding"assistance opportunities if needed 5. Monitor/ensure compliance with prioritization to local residents and businesses. 6. Perform targeted marketing and outreach to City residents informing them of employment opportunities to ensure all City residents are informed about available job opportunities. 7. Coordinate a targeted grassroots outreach activities with community groups to deliver job opportunity flyers to public housing units and other low-income communities.Flyers will also be posted in public spaces, including City Hall, City Recreation Centers, the Public Library, churches and other social services agencies as well as social media. 8. Develop target list of residents and eligible/licensed local contractors and small businesses to allow them to participate in the every phase of construction of the project. 9. Work with the developer/builder to develop and execute outreach strategies to residents and I 11. Signed Statement of Intent to Acquire the Property Please see the signed statement of intent to acquire the property behind this page. Page 31 of 40 eigMorhood {u Renaissance Diverse Communities—Strong Economies STATEMENT OF INTENT TO ACQUIRE REAL ESTATE Neighborhood Renaissance, Inc. ("NRI") is submitting a proposal to the Boynton Beach Community Redevelopment Agency ("BBCRA" or "CRA") in response to the CRA's Cottage District Infill Housing Redevelopment Project RFP/RFQ. Pursuant to the requirements of the RFP/RFQ,NRI provides this Statement of Intent to acquire the property from the CRA. The property contains approximately 4.2 acres as described in the RFP/RFQ. NRI proposes that the CRA donate the property to NRI so that the proposed homeownership project can be maintained as affordable to homeowners at the Area Median Income (120%) proposed in the RFP/RFQ. NRI agrees to enter into a Purchase and Development Agreement ("PDA") with the CRA within ninety (90) days after selection as the developer of the Cottage District project subject to any approved extensions. NEIGHBORHOOD RENAISSANCE,INC. By: ...M.M. . -� Print Name: Terri Murray Title: Executive Director !,1.1 r Date: July 16, 2018 51024 1h Street Suite A* West Palm Beach FL - 33407 * 561.832.6776 * Fax: 561.832.0483 www.neighborhoodrenaissance.org 12. Authorization to Perform Credit Checks Please see the appropriate attachments behind this page. Page 32 of 40 ATTACHMENT"F" AUTHORIZATION TO PERFORM CREDIT CHECK For Business: The Proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("BBCRA") investigation into the credit worthiness of the Proposer. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the Proposer's credit worthiness on behalf of the BBCRA, including independent contractors and credit agencies retained by the BBCRA for such purpose. Any information provided to the BBCRA is a public record subject to the provisions of Ch. 119 F.S. Proposer grants such consent and authorization to the BBCRA for the period commencing as of the date of this authorization and terminating at the time a Proposal is selected by the BBCRA Board. This Proposer hereby waives any and all claims,past present or future,which the Proposer may have against the BBCRA by reason of any credit investigation made pursuant to Proposer's consent and authorization herein given to the BBCRA. An authorization to Perform Credit Check will need to be completed by each Principal/Owner and by the Business. Business Name (D/B/A if applicable): Neil hborhood Renaissance,Inc. Current Business Address: 510 24th Street, Suite A BoN,nton Beach, FL 33407 Federal Tax ID# 65-0352279 State of Incorporation:- Florida Phone#l: 561-832-6776 Fax#: 561-832-0483 Signature. _ �e'�,�, w Date: Title: Executive Director 00980203-1LLW,05.14.18_RFP/Q_BBCRA Page 21 of 36 13. Proof of Financial Ca abilit Please see the requested financial information behind this page. Page 33 of 40 FLORIDA �l�"ysk9 Nr.+1S'Y E Xa 1 URZ,e s ! a "# E ,R € f,, t y LOAN FUNDN July 17, 2018 Ms. Terri Murray Executive Director Neighborhood Renaissance 510-A 24th Street West Palm Beach, FL 33407 Re: Acquisition and construction loan for a 39 home development known as Cottage District Infill Housing Redevelopment Project in Boynton Beach, Dear Ms. Murray: Thank-you for considering Florida Community Loan Fund ("FCLF") as an acquisition and construction lender for the development of a 39 home project known as Cottage District Infill Housing Redevelopment Project, an affordable for-sale housing project in Boynton Beach, Palm Beach County, Florida. Receipt of a formal loan application would be subject to full underwriting of the Project, Borrower, Developer and Guarantors by FCLF and, if approved, would likely offer terms in the following ranges: Borrower: Neighborhood Renaissance or affiliated entity. Purpose: To fund infrastructure improvements and the construction of 39 homes (including single family and townhomes) for sale to low and moderate income homebuyers in Boynton Beach, FL. Loan Amount: $3,500,000. Interest Rate: 4.75% fixed. Loan Term: 2 years plus one optional six month extension, interest only payable monthly, from a to-be agreed upon interest reserve. Fees: Application fee - $300. Loan origination fee — 0.50% of the Loan Amount. Customary closing and FCLF legal fees. Collateral: First mortgage lien on the Project, superior to any and all liens and restrictions. Loan to Value: No more than 85% of the "as-completed' value of the land and improvements that can be constructed with the Loan Amount. Main Office:551 N.I' aa5nohn Ave.Suite 100 E Orlando, FL 32801 1364 407,24&0846 a f:407146,0856 0: ,ov"vJc1f.org Orlando a Jacksonville E Scarcasoto 0 Tcarna.r-N Fort Lrauder,:4ele NEIGHBORHOOD RENAISSANCE, INC. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2017 I I i i i FRIEDMAN, FELDMESSER & KARPELES, P.A. CERTIFIED PUBLIC ACCOUNTANTS TABLE OF CONTENTS PAGE NO. INDEPENDENT AUDITORS' REPORT........................................................ 1 CONSOLIDATED STATEMENT OF FINANCIAL POSITION........................ 2 — 3 CONSOLIDATED STATEMENT OF ACTIVITIES.......................................... 4— 5 CONSOLIDATED STATEMENT OF FUNCTIONAL EXPENSES.................. 6 CONSOLIDATED STATEMENTS OF CASH FLOWS .................................. 7 — 8 NOTES TO FINANCIAL STATEMENTS....................................................... 9- 17 d INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS....:..... 18 SCHEDULE OF FINDINGS AND RECOMMENDATIONS............................. 19 1 Kenneth R. Friedinan, CPA 1V4ark S. Feldmesser, CPA oil Richard L. Karpcics, (-11A, MEINFriedman, Feldmesser. & Karpetes, CPA, LLC www,ff-kcpa.corn INDEPENDENT AUDITORS' REPORT Board of Directors Neighborhood Renaissance, Inc. and Subsidiary West Palm Beach, Florida We have audited the accompanying consolidated statement of financial position of Neighborhood Renaissance, Inc. and Subsidiary (the Organization) as of September 30, 2017, and the related consolidated statements of activities and cash flows for the year then ended, and the notes to the consolidated financial statements. These financial statements are the responsibility of Neighborhood Renaissance, Inc. and Subsidiary's management. Managlment!s Responsib!fty for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, Auditor's-Responsiblifty Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion.An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Neighborhood Renaissance, Inc. and Subsidiary as of September 30, 2017, and the changes in is net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. 641 University Boullevard, Suite 210,Jupiter, I'L 33458 (5 1) 622-9990 fax. (561) 622-2523 Other Retorting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated April 18, 2018, on our consideration of Neighborhood Renaissance, Inc. and Subsidiary's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Supplementary Information Our audit was made for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The accompanying supplementary information listed on the table of contents is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and, in our opinion, is fairly stated in all material respects in relation to the consolidated financial statements taken as a whole. Friedman, Feldmesser& Karpeles, CPA, LLC Jupiter, FL April 18, 2018 I i i j NEIGHBORHOOD RENAISSANCE, INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEPTEMBER 30,2017 ASSETS Cash in bank-operating $ 721,867 Cash in bank-HOME/Coleman Park 122,017 Cash in bank-security deposits 60,595 Cash in bank-NSP2 reserve for repairs 737,798 Accounts receivable 2,472 Reimbursements receivable 1,757,451 Prepaid expenses 130,897 Property and equipment-net 9,931,197 Property under development 2,839,286 Land 720,000 Deposits 4,611 TOTAL ASSETS $ 17,028,191 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable $ 359,332 Security deposits payable 60,417 Accrued and other liabilities 6,160 Notes and mortgages payable 3,133,731 TOTAL LIABILITIES 3,559,640 NET ASSETS Unrestricted 13,468,551 TOTAL LIABILITIES AND NET ASSETS $ 17,028,191 i I I See accountants'audit report and accompanying footnotes 2 NEIGHBORHOOD RENAISSANCE,INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF FINANCIAL POSITION SEPTEMBER 30,2017 ASSETS Neighborhood Your Way Renaissance, Inc Home_Realtly,lnc. EliminationsTotals Cash in bank-operating $ 718,289 $ 3,578 $ - $ 721,867 Cash in bank-HOME/Coleman Park 122,017 - - 122,017 Cash in bank-security deposits 60,595 - - 60,595 Cash in bank-NSP2 reserve for repairs 737,798 - - 737,798 Accounts Receivable 153,118 - (150,646) 2,472 Reimbursements receivable 1,757,451 - - 1,757,451 Prepaid expenses 130,897 - 130,897 Property and equipment-net 9,931,197 - - 9,931,197 Property under development 2,839,286 - - 2,839,286 Land 720,000 - - 720,000 Deposits 4,611 4,611 TOTAL ASSETS $ 17,175,259 $ 3,578 $(150,646) $17,028,191 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable $ 359,332 $ 150,646 $(150,646) $ 359,332 Security deposits payable 60,417 - - 60,417 Accrued and other liabilities 6,160 6,160 Notes and mortgages payable 3,133,731 3,133,731 TOTAL LIABILITIES 3,559,640 150,646 (150 646p 3,559,640 NET ASSETS Unrestricted 13 615,619 (147,068) - 13,468,551 TOTAL LIABILITIES AND NET ASSETS $ 17,175,259 $ 3,578 ($150,646; 17,028,191 i See accountants'audit report and accompanying footnotes I 3 I i NEIGHBORHOOD RENAISSANCE, INC. AND SUBSIDIARY (a Nom-Profit Corporation) CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30,2017 REVENUES AND OTHER SUPPORT i Public Support Grants $ 480,096 Contributions 74,869 Revenues Rental income-commercial 61,462 Rental income-residential 728,919 Gain on sale of property 341,477 Commission Income 22,0.87 Interest Income 4,416 Developer.Fee income 176,684 Program services and other revenues 184,475 Total Public Support and Revenues 2,074,485 EXPENSES Program services General and Administrative Expenses 116,804 Economic Development Programs 381,718 Housing and Community Development 1,118,112 Subtotal 1,616,634 i Increase in Net Assets 457,851 i Net Assets - October:1, 2016 13,010,700 Net Assets - September 30, 2017 $ 13,468,551 See accountants' audit report and accompanying footnotes I 4 NEIGHBORHOOD RENAISSANCE,INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30,2017 Neighborhood Your Way Renaissance:Inc Home Realty Inc Eliminations Total i REVENUES AND OTHER SUPPORT Public Support Grants $ .480,096 $ - $ 480,096 Contributions 74,869 _ 74,869 Revenues Rental income-commercial 61,462 - 61,462 Rental income-residential 728,919 728,919 Gain on sale of property 341,477 341,477 Commission Income - 22,087 _ 22,087 Interest Income 4,416 - 4,416 Reimbursed expenses 116,330 (116;330)' Developer Fee income 176,684 176,684 Program services and other revenues 184,475 184,475 Total Public Support and Revenues 2,168,728 22,087 (116,330 _ 2,074,485 EXPENSES, Programservices General and Administrative Expenses 97,475 135,659 (116,330) 116,804 Economic Development Programs 381,718 - 381,718 Housing and Community Development 1,118,112 1,118 112 Total Expenses _ 1597,305 135,659 (116,330] 1,616,634 Increasel(Decrease) in Net Assets 571,423 (113,572) 457,851 I Net Assets-October 1,2016- 13,044,196 t33 496} 13,010.700 — 700 Net Assets-September 30,2017 $ 13,615,619f$147,068) „._ $13,468,551 i I I I i I See accountants'audit report and accompanying footnotes 5 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY (a Non-Profit Corporation) STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30,20.17 Program Services Economic Housing and Total General and Development Community Program Administrative Programs Development .Services Salaries & Benefits $ 38,163 $ 76,326 $ 267,140 $ 381,628 Payroll taxes 2 545 .5,089 _ .17,811 25,446 Total salaries, benefits and taxes 40,708 81,415 284,951 407,074 Rental expenses - 186,769 435,794 622,563 Professional fees 2,629 5,258 18,403 26,291 Office expense . 1,280 2,559 8,958 12,796 Advertising & Marketing 321 642 2,248 3,212 Telephone 136 273 955 1,364 Occupancy 3,743 7,486 26,201 37,430 Equipment rental 80 160 561 801 Licenses and fees 329 659 2,305 3,293 Travel, conferences and seminars 530 1,060 3,711 5,302 Insurance 806 1,611 5,640 8,057 Interest expense 764 1,528 5,347 7,639 Total operating Expenses 51,327 289,421 795,074 1,135,822 Depreciation 46,148 92,296 323,037 461,482 Total Expenses $ 97,475 $ 381,718 $ 1,118,1.12 $ 1,597,304 i i i I - j See accountants'audit report and accompanying footnotes. 6 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED SEPTEMBER 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets. $ 457,851 Adjustments to reconcile change in net assets { to net cash flow provided by operations: Depreciation 461,482 (Increase)/decrease in assets Reimbursement receivable (1,757,451) Accounts receivable 3,372 Prepaid insurance (501) Deposits 3,562 Increase/(decrease)in liabilities Accounts payable and accrued expenses 280,433 Security deposits payable (21,549) i TOTAL ADJUSTMENTS (1,030,652) NET CASH (USED) BY OPERATING ACTIVITIES572,801 CASH FLOWS FROM INVESTING ACTIVITIES Change in property and equipment 1,221,026 Change in property under development-net ___L506,774) NET CASH PROVIDED BY INVESTING ACTIVITIES 714,252 CASH FLOWS FROM FINANCING ACTIVITIES Change in notes and mortgages payable-net 292,067 NET CASH (USED) BY FINANCING ACTIVITIES 292,067 NET INCREASE IN CASH 433,518 CASH, BEGINNING 1,208,.759 i i CASH, ENDING 1,642,277 See accountants'audit report and accompanying footnotes 7 e i NEIGHBORHOOD RENAISSANCE,INC.&SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED SEPTEMBER 30,2017 i I Neighborhood Your Way Renaissance Home Realty Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets _$ 571,423 $ 113,572;1 $ 457,851 i Adjustments to reconcile change in net assets to net cash flow provided by operations: Depreciation 461,482 - 461,482 i I (Increase)/decrease in assets _ Accounts receivable 3,372 3,372 Reimbursements receivable (1,757,451) (1,757,451) Prepaid insurance (501) (501) Deposits 3,562 - 3,562 Increasel(decrease)in liabilities _ Accounts payable and accrued expenses 165,719 114,714 280,4.33 Deferred grant revenue _ Security deposits payable (211549+ (21,549) TOTAL ADJ U STM E NTS (1,145,366) 114,714 ,•__._ (1 030,652) NET CASH PROVIDED BY OPERATING ACTIVITIES (573,943) 1,142 - (572,801) CASH FLOWS FROM INVESTING ACTIVITIES Change in property and equipment 1,221,026 - - 1,221,026 Change in property under development-net (506,7741 -_...0 ..M - Wm(506,774) NET CASH(USED)BY INVESTING ACTIVITIES 714,252 714,252 CASH FLOWS FROM FINANCING ACTIVITIES Change in notes and mortgages payable-net 292,067 - - 292,067 NET CASH PROVIDED BY FINANCING ACTIVITIES 292,067 292;067 NET INCREASE/(DECREASE)IN CASH 432,376 1,142 433,518 CASH, BEGINNING 1,206,323 _ " 2,436 1,208,759 CASH, ENDING $ 1,638,699 $ 3,578 $0 1,642,277 I See accountants'audit report and accompanying footnotes 8 NEIGHBORHOOD RENAISSANCE,:INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 1 --ORGANIZATION Nature of the Or anization's Activity Neighborhood Renaissance, Inc. was formerly known as Northwood Renaissance, Inc. The name was changed in November. 2006 in order to more appropriately reflect the expansion of the Organization's activities to projects throughout all of Palm Beach County and not just to the area previously served by the Organization known as the Northwood neighborhood. The Organization is organized to promote commercial and residential investment, development and revitalization within Palm Beach County and to improve the quality of life for low and moderate-income residents. To achieve its objectives, the Organization expends grants and contributions received from -various entities. Principles of consolidation The accompanying financial statements present the financial position and activities of operations of Neighborhood Renaissance, Inc. and its recently formed wholly-owned subsidiary, Your Way Horne Realty, Inc., collectively referred to herein as the Organization. Significant intercompany transactions and balances have been eliminated in consolidation. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash_and Cash Equivalents For purposes of reporting cash flows, the Organization considers all money market funds with an original maturity of three months or less to be cash equivalents. Included are amounts earmarked by the Organization for repairs and improvements on NSP2 and Pleasant City properties, as required in the grant agreements. Property and Equipment Property and equipment purchased by the Organization are stated at cost. Donated property and equipment are stated at fair market value at the date of the donation. Interest and related holding costs for projects under construction and renovation are capitalized. Donations are reported as unrestricted support unless the donor has restricted the donated asset to a specific purpose. Assets donated with explicit restrictions regarding their use and contributions of cash that must be used to acquire property and equipment are reported as restricted support. Absent of donor stipulations regarding how long those donated or acquired assets are placed in service as instructed by the donor reclassifying temporarily restricted net assets to unrestricted net assets at that time. Those assets donated with donor stipulations regarding permanent restrictions for a certain use are included as permanently restricted. i i Major additions which materially increase the value of the property are capitalized and depreciated over I the life of the asset. Maintenance and repairs are charged to expense as incurred. Depreciation expense has been computed using the straight-line method over useful lives ranging from 5 to 40 years. The Organization follows the practice of capitalizing all expenditures for land, buildings and equipment in excess of$250. Property and equipment includes the cost of homes, as adjusted for impairment losses, acquired and rehabilitated as part of the Urban Infill Project, Neighborhood Stabilization Programs and HOME (See 9 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Footnote 3) which are being rented to eligible households. These homes are being depreciated over their estimated useful lives. Financial Statement Presentation Under FASB 117, "Financial Statement of Not-For-Profit Organizations", the Organization is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets. In addition, the Organization is required to present a statement of cash flows. Contributions Contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted .support depending on the existence and/or nature of any donor restrictions. In addition, the Organization recognizes only those contributed services which are provided by individuals possessing "specialized skills". Promises to Give Unconditional promises to give are recognized as revenues or gains in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received. Conditional promises to give are recognized when the conditions on which they depend are substantially met. Restricted and Unrestricted Revenue Supnort Support that is restricted by the donor is reported as an increase in unrestricted net assets if the restriction expires in the reporting period in which the support is recognized. All other donor-restricted support is reported as an increase in temporarily or permanently restricted net assets, depending on the nature of the restriction. When a restriction expires(that is, when a stipulated time restriction ends or purpose restriction is accomplished), temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Statement of Activities as net assets released from restrictions. Unrestricted support increases unrestricted net assets. Grant Revenue Recognition i The Organization receives various grants from federal, state and local agencies as well as from private institutions for program and supporting service expenses. These grants are on a cost reimbursement basis or fee for service, including recoverable overhead. The Organization generally must abide by certain terms and conditions as set forth in the grant agreements and any unexpended grant funds must generally be returned to the donor. Revenue from grants is deemed earned and recognized in the Statement of Activities when all terms and conditions are met. Prior to that, unearned grant funds are classified as deferred revenue on the Statement of Financial Position. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of 10 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL,STATEMENTS SEPTEMBER 30, 2017 NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) the financial statements and the reported amounts of revenues, support and expenses during the period. Actual results could differ from those estimates. Property Under Development Costs that clearly relate to.land and building development projects are capitalized. Acquisition and other direct costs and interest related to the acquisition and development of projects are capitalized. Donated property is stated at fair market value at the date of the donation. Costs are allocated to the specific project units by the specific identification method whenever possible. Otherwise, acquisition costs are allocated based on .their relative fair value before development, and development costs are allocated based on their relative sales value. Accounting for Impairment Losses The Organization records losses on long-lived assets when indicators of impairment are present. In this connection, certain of the Property held for rental were written down to appraised value. Income Taxes The Organization is a not-for-profit organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and classified by the Internal Revenue Service (IRS) as other than a private foundation. The Organization elected to file Form 990, Return of Organization Exempt from Income Tax for its tax year ending in 2017. The Organization follows the reporting and disclosure guidance for uncertainty in income taxes as defined in FASB ASC 740. The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statement when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of September 30, 2017, 2016 and 2015, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Generally, the Internal Revenue Service may review the returns for the past three years. Functional Exp gnses Then costs of providing the various programs and other activities have been detailed in the statement of functional expenses and summarized on a functional basis in the statement of activities. Salaries and other expenses, which are associated with specific programs, based on management's estimates. The Organization's functional areas are as follows: Economic Development Programs - Includes expenses for promotion of redevelopment districts, new business recruitment, commercial development and the implementation of economic development projects in the Northwood/Pleasant City CRA district as well as other redevelopment areas in Palm Beach County. Housing and Community Development - Includes expenses for neighborhood revitalization activities such as the neighborhood stabilization activities including NSP 1 and NSP2 programs, the development and preservation of affordable housing opportunities, homebuyer education and training and the redevelopment of vacant and underutilized mixed-use commercial properties. General and Administration — Includes expenses for the board of directors and organizational capacity development activities, grant writing, general fund raising, and day- to-day operations. 11 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 3— PROPERTY AND EQUIPMENT The following summarizes property and equipment at September 30, 2017: Equipment $ 43,931 Furniture and fixtures 8.,752 Property held for rental 11,173,039 Building - 504-510 658,685 $ 11,884,407 Less accumulated depreciation (1,953,210) $ 9,931,197_ During the fiscal year ended September 30, 1999, a duplex at 504-510 24th Street ("the Duplex") was donated to the Organization. The Duplex was recorded as $7,500 for land and $68,173 for building. The Organization renovated this building under its neighborhood revitalization program and occupied a portion of the property in September 2003. The rest of the property has been improved for tenant inhabitance. Property held for rental consists of the cost of single and multi-family homes and apartments acquired and re-developed as part of the Urban Infill Project, Neighborhood Stabilization Programs (NSP-1 and NSP-2), HOME Program and various donated properties which are being rented to eligible households. Rental properties acquired through these programs are deed restricted for occupancy by low and moderate income households. The original cost of property held for rental is comprised of $11,558,393 for the cost to purchase and rehabilitate the residence and $426,000 for the cost of the land, less a .$811,354 reduction for impairment loss through fiscal year ended September 30, 2017. The Northwood Urban Infill Redevelopment Project ("Urban Infill Project") originally consisted of fourteen such properties. Four of the properties were purchased by the Organization and the other ten properties were vacant lots donated to the Organization by the City of West Palm Beach which were each recorded at an appraised value of$80,000 at date of donation. As of September 30, 2017, all fourteen properties have been sold, nine of which the Organization has retained the land rights on and is leasing the land back to the purchasers of the houses in long-term ground leases. in April 2010, the Organization entered into an agreement with Palm Beach County to facilitate the use of grant funds available pursuant to the Neighborhood Stabilization Program (NSP-1) of the Housing and Economic Recovery Act of 2008 for the acquisition and rehabilitation of single family homes for rental to income eligible families. As of September 30, 2017, three such homes have been purchased and redeveloped using grant funds totaling $510,568 and all three homes have been rented to an income eligible household. I 12 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 3— PROPERTY& EQUIPMENT (CONTINUED) In October 2010, the Organization entered into an agreement with Palm Beach County for the use and benefit of its HOME Investment Partnership Programs to facilitate the use of grant funds available pursuant to the Cranston-Gonzalez National Affordable Housing Act of 1990. Under this agreement, as amended in October 2011, the Organization would receive grant funds not to exceed $397,049 through December 31, 2012 to use for the acquisition and rehabilitation of at least two (2) single family homes for sale or rental to income eligible families. The grant would also reimburse the Organization for operating expenses up to a maximum of $17,831. A second amendment executed in December 2012 increased the maximum grant funds available to $529,399 and extended the grant period through September 15, 2013. As of September 30, 2017, both properties had been acquired and rehabilitated by the Organization, one of which has been sold and one of which has been rented to eligible households. In May 2011, the Organization entered into an agreement with Palm Beach County to facilitate the use of grant funds available pursuant to the Neighborhood Stabilization Program (NSP-2) of the American Recovery and Reinvestment Act of 2009 and Housing and Economic Recovery Act of 2008. Under this agreement, the Organization would receive grant funds not to exceed $9,500,000 through November 15, 2012 to use for the acquisition and rehabilitation of at least fifty (50) single family homes to be sold, rented or lease-purchased to income eligible families. The acquired properties must be located in selected zip codes, must be bank-owned properties acquired out of foreclosure, must be vacant and the purchase price for any one property must not exceed $225,000. The grant agreement was amended on January 31,- 2013 to.increase the maximum funding award to $12,226,117. As of September 30, 2017, fifty'-three (53) such properties have been purchased and rehabilitated using grant funds totaling $12,226,117. Ten (10) of the homes have been sold and forty- three (43) of the properties have been rented to income eligible households. In addition, the Organization acquired and redeveloped two additional bank-owned properties. The properties were acquired by way of donation and were rehabilitated at a total cost of $138,100. One of the properties was sold in 2016. The remaining unsold property has been rented to an income eligible household. NOTE 4- PROPERTY UNDER DEVELOPMENT In April 2016, the Organization acquired property on Florida Mango Road in West Palm Beach, Florida. The property was acquired for approximately $1,175,000 substantially with financing from the Florida Community Loan Fund and a seller-financed second mortgage. The property will be developed as an apartment building (Mango Cove Apartments)with 36 units for rent to income eligible families. I The Organization executed a loan agreement in February 2017 with Palm Beach County(PBC) to sell up to 20 Neighborhood Stabilization Program (NSP-2) single-family homes for the purpose of funding the development of the Mango Cove Apartments. The agreement stipulates that as each NSP-2 home previously funded by PBC is sold, sale proceeds are remitted to PBC as program income and made available to the Mango Cove project at a 0% interest loan. In this connection, as of September 30, 2017, a total of $1,369,161 was due from PBC for the Mango Cove project and included in the Reimbursements' Receivable balance in the Consolidated Statement of Financial Position. Upon successful completion and operation of the multi-family rental complex for eligible households the loan will be forgiven on March 31 2048. At September 30, 2017, the Organization submitted for a building permitted. Project completion is anticipated prior to April 2019. 13 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 4- PROPERTY UNDER DEVELOPMENT (CONT'D) In August 2015, as amended,.in December. 2015 and June 2017, the Organization entered into a development agreement with Lake Worth Community Redevelopment Agency (LWCRA) to develop for the purpose of selling to qualified buyers specific property in Lake Worth, Florida pursuant .to the LWCRA's Neighborhood Stabilization Program (NSP-2). Under the terms of the agreement, the CRA has conveyed the subject property to the Organization, upon which the Organization will develop eight (8) residential live/work units for income eligible buyers, and 2000 square feet of commercial space, garage, parking areas and associated amenities as per site plan. The units will be marketed for sale solely to income eligible "Artists" (as defined in the agreement). The affordability period must remain in place for a minimum of fifteen (15) years. The agreement also provides for date specific benchmarks that the Organization must comply with. The LWCRA has the right to reacquire the property if the Organization. defaults on any part of the agreement. As part of the agreement, the LWCRA agreed to provide the Organization with a loan of up to Seven Hundred Thousand Dollars ($700,000) toward Development Costs (as defined), up to Twenty-Five Thousand Dollars ($25,000) toward the initial maintenance reserve and up to Twelve Thousand Dollars ($12,000) to assist the Artists with the unit purchase. The CRA agrees to execute a partial release of the loan obligation each time an individual unit is sold to a qualified purchaser, provided the Organization remains in full compliance with the agreement. As.of September 30, 2017, the Organization has drawn $464,976 against the CRA loan for architect and design fees, building permits, construction loan closing costs. In addition, as of September 30, 2017, $142,626 was receivable from the LWCRA for eligible construction expenses incurred. The organization anticipates closing on the sale of units beginning in August 2018. In September 2017, the organization entered into a 0% interest HOME loan agreement with PBC in the amount of$532,187 to assist four(4) of the Lake Worth "Artist" residential live/work units to be affordable to low-income buyers earning less than 80% of the area median income adjusted for family size. The loan is due the sooner of September 30, 2019 or upon the sale of each assisted unit. Eligible buyers may receive up to $133,047 of the loan as purchase assistance. The HOME assisted units will be deed restricted for a period of thirty (30) years. As of September 30, 2017, $245,664 was receivable from PBC for eligible development expenses. In addition to the above, through September 30, 2017, the Organization acquired two (2) distressed properties which have been rehabilitated for sale to income eligible families. The properties were purchased outright. As of September 30, 2017, one (1) of the homes was sold to an income eligible purchaser, and the remaining property was in the process of being rehabilitated. NOTE 5- GRANTS The following is a summary of grant revenues earned by grantor agency for the year ended September 30, 2017. i Bank United $ 9,500 NeighborWorks 50,000 Pleasant City-WPB 320,596 I TD Bank 100,000 { i Total Grant Revenues $ 480,096 14 - �,M I NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 5—GRANTS (CONT'D) The NeighborWorks grant revenue is part a $500,000 grant agreement entered into in May 2017 with NeighborWorks America in order to support community stabilization. and revitalization. The total grant award of$500,000 is payable'at defined intervals through November 19, 2018 as work progresses. The grants listed above were received to pay the salaries and other costs related to community development, affordable housing and neighborhood stabilization. The Organization must comply with certain covenants and stipulations as defined in the grant agreements, including certain deed restrictions on the acquired properties as defined in the grant agreements. NOTE 6— UNINSURED CASH BALANCES The Organization maintains one non-interest bearing checking account at one local financial institution and three non-interest bearing accounts at another financial institution. Interest bearing and non-interest bearing accounts at the same financial institution are insured up to $250,000 by the Federal Deposit Insurance Corporation ("FDIC'). At September 30, 2017, the Organization had uninsured deposits of $193,701, and $8,200 respectively at two of the financial institutions. The Board of Directors is in the process of reviewing alternative banking alternatives to bring all accounts taken as a whole below the. FDIC $250,000 limitation. As of the audit date, the Organization has not experienced any loss due to the uninsured balances. s i i (NOTES TO FINANCIAL STATEMENTS CONTINUED ON PAGE 16) I I I 15 NEIGHBORHOOD RENAISSANCE, INC.& SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 7- NOTES AND MORTGAGES PAYABLE Promissory Note Payable to PNC Bank with monthly principal and interest payments of$1,496.68 through December 15, 2023. The note bears interest at 3%per annum and is secured by the 504-514 24 Street'Property. $ 102,053 Promissory Note Payable to PNC Bank with monthly principal and interest of $863.88 through December 15, 2023. The note bears interest at 6.50% through January 15, 2014, after which the interest note becomes prime plus 3.75%. The note is secured by the 504-510 24 Street property. 52,442 Line of credit through Florida Community Loan Fund in the amount of $975,000 which matures on April 6,2019. The line bears interest at 5.25% and the amount of credit available on 9/30/2016 is$461,293. The line can be withdrawn at the financial institution's option in the event of default in complying with the terms of the note or default of the development agreement.The loan is secured by certain NSP2 properties. 347,665 The Organization had a revolving line of credit with the Florida Community Loan Fund (FCLF) providing for maximum borrowings of$750,000. The funds were to be used to acquire and renovate foreclosed properties. In. August 2014, FCLF converted the balance to a term loan in the amount of $668,670. The loan bears interest at 5.75%and is payable in monthly principal and interest payments of$3,902 though maturity on August 1, 2024. The loan is secured by NSP2 properties. 638,956 Recoverable Grant with LISC is to be used in development of the 504-510 24 Street property. The grant funds were to'be repaid no later than October 1,2004. The Organization has requested a continuance. 8,000 Loan from Florida Community Loan Fund in the amount of$25,000 at an interest rate of 5.50% with a maturity date of August 10, 2021, with monthly payments of principal and interest of $142. The loan is secured by property located at 6080 Forest Hill Blvd. 24,563 i 16 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 7 - NOTES AND MORTGAGES PAYABLE (CONTINUED) Loan payable to the Florida Community Loan Fund in the amount of $1,040,000 with interest only payments through maturity on 4/19/19, at which time the entire indebtedness is clue. Interest rate is 5% fixed rate, simple interest. The loan is secured by property located on Florida Mango Road. 1,040,000 The Organization has a line of credit through Floirda Community Loan Fund (FCLF) providing for maximum borrowings of $1,666,000. The funds are to be used to construct the Art Loft of West Village. The line matures June 2019 at an interest rate of 5%. 357,458 Loan payable to the West Palm Beach Community Redevelopment Agency. The funds were designated to be used in connection with the development of the Village Centre project. The loan was modified effective September 2014 and now calls for monthly principal and interest payments of $ 255 through December 1, 2020. The loan bears interest at 4.2% per annum. 9,168 Note payable to Florida Community Loan Fund with monthly principal and interest payments of$1,858 through April 1, .2022, at which time the unpaid balance becomes due. The note bears interest at 5.75% per annum and is secured by mortgages on 504-510 24th Street property. 88,450 Loan payable to the Lake Worth Community Redevelopment Agency in connection with the development of the property located at 110 North F Street, Lake Worth (West Village Project). The loan provides for maximum borrowing of up to $700,000 and is secured by a second mortgage on the subject property. As units are sold to qualified buyers and all terms of the agreement are met, the CRA will issue a partial release of lien and loan balance forgiveness. 464,976 $3,133,731 17 I Kenneth R. Friedman, CPA Mark S. Feldinesser, CPA Richard L. Karpeles, C13A INNERFriedman, Feldmesser & Karpeles, CPA, 1.1-C www.ffkcpa.cwa INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Directors Neighborhood Renaissance, Inc.&Subsidiary (a non-profit corporation) West Palm Beach, Florida We have audited the financial statements of Neighborhood Renaissance, Inc. (a non-profit corporation) and Subsidiary (the "Organization") as of September 30, 2017, and have issued our report thereon dated April 18, 2018. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, issued by the Comptroller General of the United Compliance As part of obtaining reasonable assurance whether Neighborhood Renaissance, Inc.'s financial statements are free of material misstatements, we performed tests of compliance with certain provisions of laws, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reportin In planning and performing our audit, we considered Neighborhood Renaissance, Inc.'s internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that a material misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over the financial reporting and its operation that we consider to be material weaknesses. This report is intended for the information of the Board of Directors, management and applicable City, State, and Federal agencies and is not intended to be and should not be used by anyone other than these specified parties. April 18, 2018 18 641 L)niversity Boiulevard, Suite 210,JUpiter, FL 33458 (561) 622-9990 fax: (561) 622--2523 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY SCHEDULE OF FINDINGS AND RECOMMENDATIONS SEPTEMBER 30, 2017 Current Findings—None noted 19 r; GRAPHYC arint-DO NOT PROCESS I As Filed Data- DLN:93493094002148 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form �-__W..... e Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 2016 Department ofthe Trenxin ►Do not enter social security numbers on this form as it may be made public ---- - -___--- Internal Re�enueSer,ice ►Information about Form 990 and Its instructions is at www IRS uowform990 P A For the 2016 calendar yearx or tax year bes innin 10-01-2016 ,,and endin 09-30-2017 B Check if applicable C Name of organization D Employer identification number ❑Address change NEIGHBORHOOD RENAISSANCE INC 65-0352279 11Name change , ❑Initial return Doing business as Final L1leturn/terminated -..-�. w E Telephone number Number and street(or P O box if mad is not delivered to street address) Room/suite ❑Amended return 510-24 STREET (561)832 6776 ❑Application pending ..,,...., .._..,......�._ __.�.. .............. ,.,,... . .,,� .__.._.. City or town,state or p-ovince,country,and ZIP or foreign postal code WEST PALM BEACH,FL 33407 G Gross receipts S 2,437,302 F Name and address of principal officer Ha CARL A FLICK ( ) Is this a group return for 221 34TH STREET subordinates? ❑Yes ©No WEST PALM BEACH,FL 33466 H(b) Are all subordinates ................ _.. _.._._ included? ❑Yes ❑No I Tax-exempt status R 501(c)(3) ❑ 501(c)( )A(insert no ❑ 4947(a)(1)or ❑ 527 If"No,' attach a list (see instructions) I Website:► N/A H(c) Group exemption number► _, _..........___-- K Fc-m of organization 9Corporation El Trust El Association ❑ Other► L Year of formation 1992 M State of legal domiale FL Summar} _ - 1 Briefly describe the organization's mission or most significant activities COMMUNITY DEVELOPMENT ;C �..,.,.._...,� _,w... -�...�.. .. p , 2 Check this box► if the organization discontinued its operations or disposed of more than 25%of its net assets Ll 3 Number of voting members of the governing body(Part VI, line la) 3 10 'd 4 Number of independent voting members of the governing body(Part VI,line lb) 4 10 a 5 Total number of mdividuals employed in calendar year 2016(Part V,line 2a) . 5 6 6 Total number of volunteers(estimate if necessary) . . 6 7 Q 7a Total unrelated business revenue from Part VIII,column(C),line 12 .. 7a 0 b Net unrelated business taxable income from Form 990-T,line 34 7b Prior Year Current Year ... — a 8 Contributions and grants(Part VIII,line lh) 231,079 554,965 a9 Program service revenue(Part VIII,line 2g) . 2270521 477,489 ars', 10 Investment income(Part VIII,column(A),lines 3,4,and 7d) 128,5281 345,893 11 Other revenue(Part VIII,column(A),Imes 5,6d,8c,9c, 10c,and lie) 306,235 167,818 12 Total revenue-add lines 8 through 11(must equal Part VIII,column(A),line 12) 892,894 1,546,165 __ 13 Grants and similar amounts aid Part IX,column(A),Imes 1-3 - - 14 Benefits paid to or for members(Part IX,column(A),line 4) . 0 15 Salaries,other compensation,employee benefits(Part IX,column(A),Imes 5-10) 403,450 407,074 °2 16a Professional fundraising fees(Part IX,column(A),line Ile) . p a; .......... Qu b Total fundraising expenses(Part IX,column(D),line 25)10-0 17 Other expenses(Part IX,column(A),lines Ila-lid, Ilf-24e) 507,240 567,667 . 18 Total expenses Add lines 13-17(must equal Part IX,column(A),line 25) 910,690 974,741 ..... 19 Revenue less expenses Subtract line 18 from line 12 I -17,796 571,424 ..... Beginning of Current Year End of Year dm 20 Total assets(Part X,line 16) . .. 16,019,388 17 175,260 21 Total liabilities(Part X,line 26) . .M.M ... 3,007,782 3,559,641 Zu' 22 Net assets or fund balances Subtract line 21 from line 20 13,011,606 13,615,619 Signature Block Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowled'e .. _.....,,,...,,,_„�, ,....„_ 2018-01-29 Signature of officer Sign Date ._w ._..�.-...,., Here .,:ARL FLICK PRESIDENT Type or punt name and title ...._.� .....�.._.. .._ n,�.. ,.._..._._._. .. Print/Type preparer's name Preparers signature Date 7 PTIN RICHARD L KARPELES RICHARD L KARPELES 2018-04-04 i Check ❑ if Paid i self-em�lo-ed Preparer Frm's name ► FRIEDMAN FELDMESSER AND KARPELES CPA LLC Firm's EIN► Use Only Firm's address 11-641 UNIVERSITY BLVD STE 210 Phone no (561)622-9990 JUPITER,FL 33458 May the IRS discuss this return with the preparer shown above?(see instructions) . . . . . . . . . , ®Yes El No _ _ For Paperwork Reduction Act Notice,see the separate instructions. Cat No 11282Y Form 990(2016) N ' � ❑ O m O Z N Z551 1 O CL ❑ a 0� of c } xx o ❑ a)— O LL ru Ln ❑ v1 O I W L� 7 Y N N VI N L E s Y • N O » M O N U C u N c o O d v > v ru v v - N u r m E° ttr o o o1� c o m CL v v >. W c a+�. °� 3 ro 0 c -C w L • C L C L y uu y O w bw r0 > + O N O O p L OO V m iL Y CA . U Y 6 u 01 Li m 0 m +d V O N N O c C C C c _ O O_ cm 7 7 O c U N O C .0 fp i U �' A .Q O rco C w U O V N L O w O L n ® c D_ N c0 ra ULo o a� E v th rn O O ^ Q v a v u E o cn c 4l c m m e a U ° u E o o �a c7i 'j N c u- N L v ro a O > N N c L Ll O E c L S — 41 N N ul O m u vOi c V w eR tH u tnE _ E >., U c E N a c VI c O fLp N Ul O O c C C N In L C 0 i to 0) a OL 2 - In C C O Ul Ol N n O x x C X L 01 O, L 1 UI 01 �' W W d O U j,.N 16 W OU D_.^V_. W N Q d c W O C N v C) D y W -3O) c O N N O O Ln y m U o -0L � L N U N N N ++ Ul O Z C O L c L N c C L .v C t N W O O +� O Y C O U Vl N fA w �cE E u E u o u c - E fC v ' w ,- rn aNi rn aNi s 4 w � UNl W L LL L O = Ol 1L.1 O O L O N N Ln N O O N O O T W N N vi - c ni _0 d C Q r CL OO U1 O ai wr i } i^ O Q o o o s x 4-J m °n' to axi �n w E �� v v V Form 990 (2016) Page 3 Checklist of Required Schedules Yes No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?If"Yes,"complete Yes Schedule A IV . 1 2 Is the organization requ,red to complete Schedule 8, Schedule of Contributors (see instructions)? 2 No 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates No for public office?If"Yes,"complete Schedule C, Part I . 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If"Yes,"complete Schedule C, Part II . 4 No 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-197 If"Yes,"complete Schedule C, Part III . 5 No 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If"Yes,"complete Schedule D, Part I . 6 No 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?If"Yes,"complete Schedule D, Part 11 . 7 No 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If"Yes,"complete Schedule D, Part III . 8 No 9 Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt negotiation services?If"Yes,"complete Schedule D, Part IV . 9 No 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, 10 No permanent endowments, or quasi-endowments?If"Yes,"complete Schedule D, Part V . . 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If"Yes,"complete Schedule D, Part VI ) . 11a Yes Did the organization report an amount for investments—other securities in Part X, line 12 that is 5%or more of its total assets reported in Part X, line 16?If"Yes,"complete Schedule D, Part VII . lib No c Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 167 If"Yes,"complete Schedule D, Part VIII . 11c No d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16?If"Yes,"complete Schedule D, Part IX IN . 11d Yes e Did the organization report an amount for other liabilities in Part X, line 257 If"Yes,"complete Schedule D, PartX tj 11e Yes f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses llf No the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?If"Yes,"complete Schedule D, Part X 12a Did the organization obtain separate, independent audited financial statements for the tax year? If"Yes,"complete Schedule D, Parts XI and XII 12� . 12.FYes T_ b Was the organization included in consolidated, independent audited financial statements for the tax year? 12b No If"Yes,"and if the organization answered "No"to line 12a, then completing Schedule D, Parts XI and XII is optional 13 Is the organization a school described in section 170(b)(1)(A)(11)7If"Yes,"complete Schedule E 13 No 14a Did the organization maintain an office, employees, or agents outside of the United States? 14a No b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?If"Yes,"complete Schedule F, Parts I and IV . 14b No 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization?If"Yes,"complete Schedule F, Parts II and IV 15 No 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals?If"Yes,"complete Schedule F, Parts III and IV . 16 No 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, 17 No column (A), lines 6 and Ile?If"Yes,"complete Schedule G, Part I(see instructions) f Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines is and 8a?If"Yes,"complete Schedule G, Part 11 . 18 No 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a7 If"Yes," complete Schedule G, Part III . 19 No Form 990 (2016) Form 990 (2016) Page 4 Checklist of Required Schedules (continued) No 20a Did the organization operate one or more hospital facilities?If"Yes,"complete Schedule H . . . . 20a No If"Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? 20b 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic 21 No government an Part IX, column (A), line 12 If"Yes,"complete Schedule 1, Parts I and II . . . . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, 22 column (A), line 2?If"Yes,"complete Schedule 1, Parts I and III . . . . . . . . No 23 Did the organization answer"Yes"to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?If"Yes," 23 No complete Schedule I . . . . . . . . . . . . . . . . . . . . . . 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?If"Yes,"answer lines 24b through 24d and complete Schedule K If"No,"go to line 25a . . . . . . . . . . . . . . . 24a No b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . . . . . . . . . . . . 24c d Did the organization act as an "on behalf of issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3),501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year?If"Yes," complete Schedule L, Part I . . . . . . . . . . . . 25a No b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990- 2? 25b No If"Yes,.'complete Schedule L, Part I . . . . . . . . . . . . . . . . . . . 26 Did the organization report any amount an Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 26 No If"Yes,"complete Schedule L, Part II . . . . . . . . . . . . . . . 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 3511/b controlled entity or family member 27 No of any of these persons)If"Yes,"complete Schedule L, Part III . . . . . . . . . 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee?If"Yes,"complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . . . . 28a No b A family member of a current or former officer, director, trustee, or key employee?If"Yes,"complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . 28b No c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director,trustee, or direct or indirect owner?If"Yes,"complete Schedule L, Part IV 28c No 29 Did the organization receive more than $25,000 in non-cash contributions?If"Yes,"complete Schedule M 29 No 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?If"Yes,"complete Schedule M . . . . . . . . . . . . 30 No 31 Did the organization liquidate, terminate, or dissolve and cease operations?If"Yes,"complete Schedule N. Part 1 31 No 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If"Yes,"complete Schedule N, Part II . . . . . . . . . . . 32 No 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-37 IF"Yes,"complete Schedule R, Part I . . . . . . . . 33 No 34 Was the organization related to any tax-exempt or taxable entity?If"Yes,"complete Schedule R, Part 11, 111, or IV, and Part V, line I . . . . . . . . . . . . . . . . . . . . . . . . . 34 No 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a No b If'Yes'to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)?If"Yes,"complete Schedule R, Part V, linNo 2 . . . 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization?If"Yes,"complete Schedule R, Part V, line 2 . . . . . . . . . . . . . 36 Did the organization conduct more than 5%of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?If"Yes,"complete Schedule R, Part VI _37 No 38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines Ilb and 19? Note. All Form 990 filers are required to complete Schedule 0 . . . . . . . . . . . . 38 Yes ............ t Form 990 (2016) Form 990(2016) Page 5 Statements Regarding Other YRS Filings and Tax Compliance Check if Schedule O contains a response or note to any line in this Part V . . . . , . . . . ❑ Yes No is Enter the number reported in Box 3 of Form 1096 Enter-0-if not applicable la 0 b Enter the number of Forms W-2G included in line la Enter-0-if not applicable lb 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling)winnings to prize winners? . lc Yes 2a Enter the number of employees reported on Form W-3,Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return . 2a 6 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b Yes Note.If the sum of lines la and 2a is greater than 250,you may be required to a-file(see instructions) 3a Did the organization have unrelated business gross income of 51,000 or more during the year? 3a No b If"Yes,"has it filed a Form 990-T for this year?If"No"to hne 3b,provide an explanation in Schedule 0 . 311P 4a At any time during the calendar year,did the organization have an interest in,or a signature or other authority over, a financial account in a foreign country(such as a bank account,securities account,or other financial account)? . . 4a �,. NO b If"Yes,"enter the name of the foreign country 0-- See See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts(FGAR) 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b v No c If"Yes,"to line 5a or 5b,did the organization file Form 8886-T? . Sc ....... 6a Does the organization have annual gross receipts that are normally greater than$100,000,and did the organization 6a No solicit any contributions that were not tax deductible as charitable contributions? b If"Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of$75 made partly as a contribution and partly for goods and services 7a No provided to the payor? . . b If"Yes," did the organization notify the donor of the value of the goods or services provided? . 7b c Did the organization sell,exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? . 7c No d If"Yes," indicate the number of Forms 8282 filed during the year . . 7d e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? 7e No f Did the organization,during the year, pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required.. . 7g h If the organization received a contribution of cars, boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 71h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . g N° 9a Did the sponsoring organization make any taxable distributions under section 4966? . 9a No b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b No 10 Section 501(c)(7)organizations. Enter a Initiation fees and capital contributions included on Part VIII, line 12 . 102 b Gross receipts,included on Form 990, Part VIII, line 12,for public use of club facilities 10b 11 Section 501(c)(12) organizations. Enter a Gross income from members or shareholders . lla b Gross income From other sources(Do not net amounts due or paid to other sources against amounts due or received from them ) . lib 12a Section 4947(a)(1)non-exempt charitable trusts.Is the organization filing Form 990 in lieu of Form 10417 12a b IF"Yes,"enter the amount of tax-exempt interest received or accrued during the year 12b 13 Section 501(c)(29)qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state?Note.See the instructions for additional information the organization must report on Schedule 0 13a b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans . 13b c Enter the amount of reserves on hand . 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? 14a No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 14b Form 990(20 6) Form 990 (2016) Page 6 Governance, Management,and DisclosureFor each "Yes"response to Innes 2 through 7b below, and for a "No"response to lines 8a, 8b, or lob below, describe the circumstances, processes, or changes in Schedule O See instructions Check if Schedule 0 contains a response or note to any line in this Part VI Q Section A. Governing Bod)r and Management Yes No 'la Enter the number of voting members of the governing body at the end of the tax year la 10 If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O b Enter the number of voting members included in line 1a, above, who are independent lb 10 2 Did any officer, director,trustee,or key employee have a family relationship or a business relationship with any other officer,director,trustee,or key employee? . 2 No 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision 3 No of officers, directors or trustees,or key employees to a management company or other person? 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 4 No 5 Did the organization become aware during the year of a significant diversion of the organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 m No 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? . 7a Yes b Are any governance decs€ons of the organization reserved to (or subject to approval by) members, stockholders, or 7b No persons other than the governing body? 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following a The governing body? . 8a Yes b Each committee with authority to act on behalf of the governing body? . 8b Yes 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address?If"Yes,"provide the names and addresses in Schedule O . 9 No Section B. Policies ±'This Section B requests information about policies not required by the Internal Revenue Code.) Yes No Oa Did the organization have local chapters, branches, or affiliates? . 10a No b If"Yes,"did the organizat cn have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? 10b 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? . 11a Yes b Describe in Schedule O the process, if any, used by the organization to review this Form 990 . 12a Did the organization have a written conflict of interest policy?If"No,"go to line 13 . 12a Yes b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? . 12b Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy?If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? 14 Yes 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director,or top management official . 15a Yes b Other officers or key employees of the organization . 15b Yes If"Yes"to line 15a or 15b,describe the process in Schedule O(see instructions) 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? . Sha Yes b If"Yes,"did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? i66 Yes Section C.Disclosure 17 List the States with which a copy of this Form 990 is required to be filed► FL 3 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T(501(c)(3)s only) available for public inspection Indicate how you made these available Check all that apply ❑ Own website ❑ Another's website W Upon request ❑ Other(explain in Schedule O) 19 Describe in Schedule O whether(and if so, how) the organization made its governing documents,conflict of interest policy, and financial statements available to the public during the tax year 20 State the name, address, and telephone number of the person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH,FL 33407(561) 832-6776 Form 990 (2016) Form 990(2016) _ Page 7 Compensation of Officers, Directors,Trustees, Key Employees,Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response or note to any line in this Part VII . ❑ Section A. Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees la Complete this table for all persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year • List all of the organization's current officers,directors,trustees(whether individuals or organizations), regardless of amount of compensation Enter-0-in columns(D), (E),and (F)if no compensation was paid •List all of the organization's current key employees, if any See instructions for definition of"key employee" •List the organization's five current highest compensated employees(other than an officer,director, trustee or key employee) who received reportable compensation(Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC)of more than $100,000 from the organization and any related organizations •List all of the organization's former officers, key employees, or highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations • List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations List persons in the following order individual trustees or directors, institutional trustees, officers, key employees, highest compensated employees, and former such persons ❑ Check this box if neither the organization nor any related organization compensated any current officer,director, or trustee (A) (B) (C) (D) (E) (F) Name and Title Average Position (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an officer and a from the from related compensation any hours director/trustee) organization organizations from the for related - — W-2 1099- T Z" ( / (W- 2/1099- organization and organizations i E ;r 2 Z T MISC) MISC) related below dotted m v a c, organizations line) — i C. G� D 4• 'I• '7 d• T (1)JULIE HYATT 2 001 ...................................................................... VICE PRESIDENT (2)TIM COPPAGE 2 00 —" ............................................................................ ................ x 0 p 0 DIRECTOR (3)DIANE MCNEIL 2 00 ...................................................................... x o a DIRECTOR o (4)LOVE-17A HARMON ....................... ................. x 0 DIRECTOR ____ 2 00 (5)JEAN BAYOL ................ x 0, 0 0 DIRECTOR (6)CARL A FLICK 2 00 ...................................................................... PRESIDENT (7)BETTE ANNE STARKEY 2 00 .................I.................................................... x 0' SECRETARY (8)JOEY EICHNER 2 00 ...................................................................... TREASURER (9)ROMIN CURRIER 2 00 ... . .......................................................... x 0 0 0 DIRECTO.... ....R (10)TERRI MURRAY 40 00 ................. X 95,388..... 0 0 EXECUTIVE DIRECTOR (11)ANNETTE WHITEHEAD 2 00 ... .. ............... x 0 0 0 DIRECTOR ........ ......... s Form 990 (2016) Form 990 (2016) Page 8 Section A Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees (continued) (A) (B) (C) (D) (E) (F) Name and Title Average Position (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an officer and a from the from related compensation any hours director/trustee) organization (W- organizations(W- from the for related m_ 2/1D99-MISC) 2/1099-MISC) organization and m organizations 1 a ?,L related below dotted `—i ` T= organizations line) TI 1c, •� ..I T T L Ib Sub-Total -. , . . ► c Total from continuation sheets to Part VII, Section A . .. ► d Total (add lines ib and ic) . ► 95,388 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization ► _ _ ... Yes No 3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line la?If"Yes,"complete Schedule J for such individual . 3 No 4 For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,0007 If"Yes,"complete Schedule J for such individual . 4 No 5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?lf"Yes,"complete Schedule J for such person . 5 No Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization Report compensation for the calendar year ending with or within the organization's tax year (A) (B) (C) Name and business address Description of services Compensation I .Ital number of independent contractors (including but not limited to those listed above) who received more than $100,000 of .,mpensation from the organization ► Form 990 (2016) Form 990(2016) .,._.-..-..i .......e. .� Page 9 "� Statement of Revenue Check if Schedule O contains a response or note to any line In this Part VIII ❑ ..e.. („...... (A) (D) � Total revenue Related or Unrelated Revenue exempt business excluded from function revenue tax under sections revenue 512-514 is Federated campaigns la b Membership dues lb v o - t7 E c Fundraising events 1c I d Related organizations Id Government grants(contributions) a ie f All other contributions,gifts,grants, O and similar amounts not included if 554,965 r above ._.................._.... g Noncash contributions Included in lines la-if$ o = U to h Total.Add lines la-if ► 554,965 a Business Code I .y 2a PROGRAM SERVICE FEES 531390 184,4,75 u.. b DEVELOPER FEE INCOME _ 5313901 176,684 M._._...... ._......-.. _.— .> c y e f All other program service revenue 116,330 ..._.� O 477,489 - 9Total.Add lines 2a-2f . ► 3 Investment Income(including dividends,irterest,and other similar amounts) . ► 4.416 4 Income from Investment of tax-exempt bond proceeds ► 5 Royalties . ► (Q Real I (IQ Personal 6a Gross rents 790,381 _.. b Less rental expenses 622,563 C Rental income orL _' 167,818 (loss) d Net rental Income or(loss) . ► 167,818 167,818 d (Q Securities (u)Other 17a Gross amount ” from sales of 610 051 assets other E than inventory b Less cost or other basis and 268,574 sales expenses _-- C Gain or(loss) i 341,477 d Net gain or(loss) M. ► 341,4771 341,477 8a Gross income from fundraising events y (not including$ of 3 contributions reported on Ilne ic) See Part IV,line 18 a cc b Less direct expenses . b c Net Income or(loss)from fundraising events ► « 9a Gross income from gaming activities O See Part IV,line 19 a b Less direct expenses . b c Net Income or(loss)from gaming activities ► 10aGross sales al Inventory,less F returns and allowances . al b Less cost of goods sold b( C Net income or(loss)from sales of Inventory ► Miscellaneous Revenue Business Code - F I b...� , d All other reven'u— eTotal.Add lines 11a-11d ► 12 Total revenue.See Instructions 1,546,165 991,20a Form 990(2016) Form 990(2016) Page 10 __ .........�...... _ ... -.._....... a __. Statement of Functional Expenses Section 501(c)(3) and 501(c)(4)organizations must complete all columns All other organizations must complete column (A) Check if Schedule O contains a response or note to any line in this Part IX ❑ Do not include amounts reported on lines 6b, (A) (e) (C) (�) Program service Management and 7b,8b,9b,and 10b of Part VIII. Total expenses Fundraisinex enses expenses general expenses 9 p 1 Grants and other assistance to domestic organizations and domestic governments See Part IV, line 21 2 Grants and other assistance to domestic individuals See Part'. IV, line 22 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals See Part IV, line 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers, directors,trustees, and 95,388 85,850 9,538 0 key employees . . 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages 262,398 236,158 26,240 0 8 Pension plan accruals and contributions(include section 401 (k)and 403(b) employer contributions) ------- 9 Other employee benefits 23,842 21,456 2,384 0 10 Payroll taxes . 25,446 22,901 2,545 0 11 Fees for services(non-employees) M a Management b Legal . c Accounting . d Lobbying . . e Professional fundraising services See Part IV, line 17 f Investment management fees . . g Other(If line 11g amount exceeds 10%of line 25, column (A) amount, list line 11g expenses on Schedule O) 12 Advertising and promotion . 13 Office expenses . 14 Information technology . _....- 15 Royalties 16 Occupancy . 37,430 33,748 3,682 0 17 Travel . 5,302 4,772 5301 0 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings 20 Interest 7,639 6,875 764 0 21 Payments to affiliates . I 22 Depreciation, depletion,and amortization 461,482 415,334 46,148 0 23 Insurance . 8,057 7,252 805 0 24 Other expenses Itemize expenses not covered above(List miscellaneous expenses in line 24e If line 24e amount exceeds 10%of line 25, column (A) amount, list line 24e expenses on Schedule O) a ADVERTISING&MARKETING 3,212 2,891 321 0 b FEES 3,293 2,964 329 0 c EQUIPMENT RENTAL 801 721 80 0 ._.. .. _a d OFFICE EXPENSES 12,796 11,517 1,279 0 ................ e All other expenses 27,655 24,890 2,765 0 25 Total functional expenses.Add lines 1 through 24e 974,7411 877,331 97,410 0 26 Joint costs.Complete this line only if the organization reported n column (B)joint costs from a combined educational campaign and fundraising solicitation Check here Is ❑ if following SOP 98-2 (ASC 958-720) Form 990 (2016) Form 990 (2016) Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part IX ❑ (A) (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1,208,756 1 1,638,699 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable, net . 3 4 Accounts receivable, net . 5,844 4 153,118 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part 5 II of Schedule L 6 Loans and other receivables from other disqualified persons(as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) 6 voluntary employees' beneficiary organizations (see instructions)Complete v Part II of Schedule L 7 Notes and loans receivable, net . 7 8 Inventories for sale or use . g 9 Prepaid expenses and deferred charges 130,399 9 130,897 10a Land, buildings, and equipment cost or other basis Complete Part VI of Schedule D 10a 12,599,918 b Less accumulated depreciation 10b ' 1,948,721 12,333,704 10c 10,651,197 it Investments—publicly traded securities . 11 12 Investments—other securities See Part IV, line it 12 _ 13 Investments—program-related See Part IV, line 11 13 14 Intangible assets . 14 15 Other assets See Part IV, line 11 . 2,340,685 15 4,601,349 ! j_6 Total assets.Add lines 1 through 15 (must equal line 34) . 16,019,388 16 17,175,260 17 Accounts payable and accrued expenses 84,150 17 365,492 18 Grants payable . 18 19 Deferred revenue . 19 20 Tax-exempt bond liabilities 20 21 Escrow or custodial account liability Complete Part IV of Schedule D 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified M M persons Complete Part II of Schedule L 22 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 2,841,666 r2_5 3,133,731 25 Other liabilities(including federal income tax, payables to related third parties, 81,966 — 60,418 and other liabilities not included on lines 17-24) Complete Part X of Schedule D 26 Total Iiabilities.Add lines 17 through 25 3,007,782 26 3,559,641 f Organizations that follow SFAS 117 (ASC 958), check here ► 0 and _ - Ucomplete lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets 13,011,606 27 13,615,619 C0 28 Temporarily restricted net assets 28 �. 29 Permanently restricted net assets 29 Organizations that do not follow SFAS 117 (ASC 958), a O check here h 1:1and complete lines 30 through 34. J 30 Capital stock or trust principal, or current funds . 30 �._ ..........ro. ^� 31 Paid-in or capital surplus, or land, building or equipment fund 31 12 Retained earnings, endowment, accumulated income, or other funds 32 33 Total net assets or fund balances 13,011,606, 33 13,615,619 Z _ 34 Total liabilities and net assets/fund balances16,019,388 34 17,175,260 ...�. .� .-...� ...-. w �m.u. - � _-. - Form 990 (2016) I ❑ t,p � N O co ON 3 I� d tD N lD ❑ O -4 Oi tO ,-I ,--I fy Lrj Z Z O Q% 07 a) y } ?a) E E.O LL • N � _ U � � ru C p -0 p1 41 L In � m In a) N CQ- = ++ C 41 a O v N Q1 C C C i in- rp C L (U L r6 t O _ v rn M 41 - N O N p U a a) Q7 fu V �+ ' M O C — N v O fU i a C N C La)C i i C a) to 0fu LA 41-p = 41 t - n O W 7 ru +' a >, ru :3 U V N fu x N a V a) R (1) Q ' t" ❑ 441 Ma) (A a) raf) C Q41 0 a) a D � O C a O C fu a-O 44-1 ocN U) C Z O fu C: ru 0 ru T a� V al 41 N i i V Q >- a) C a VI fu i - _ � L rU u a) ai al �'' O a �-+ ca ate. 3 fu C M f''I - tin d V 'f7 ate-+ OU 1 -0 E O � cn M 7 (n Q U C L - V L - O C N C O U) a ❑ L O O MO O N O a fD 41 L M to fcCCaU • - XfU tO Ol C- ❑ L J ❑ C + c LA eU +p� O ' O p fu acn N a9 -0 C V -(DQ N .yLfu aaCau � 4, N c _0 � J a Eoa E v -o o w mtn p ai o mfu o M U +� a) m v � ru +, u ten. 4 a-+ N N CU1 �7 O a) N a ) > 0 'n 41 L f0 C iu a L L = a f V L a c w o o ru o f p 1 Mp wQZa�.fll ryCCLU aQ HQN6 —'aac� jL p v C a -`0u al ++ Offu t 4Cr LNa NfLOQ A 41 41 _0acpL t-0a al rU0 U>fCNO d O u R a L- x a M C E Ln o ,,a m CTI Z) p -0 a O O m O O U cc ULn 4- Q 41 41N tn (UQ 6 41 v s m ) a O o o -6N E a 4-1 u p N m to 41 to i O � O U � 0N �> aO 41 41 M O41 OV) c -0 (n ) U cN o 1 u E � �LU - aC o Z3 c:❑ M � U U ' O C O aOd rov ru Q 0 ' � p CA ° p ru L o C Dv c ru 0 N Oo Ccu vi NO aau � a Ls6 id _0 a) y, N — C _ru — � � to fD C � — C � L N O fU L C C M a ++ W N aNj a ju Ena) .� ',..._N t 7 U O N U) O O N L L U ru fu V 7 E a C C n C F (n O C R O O f0 W O to fu O U m x ,U E .... 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W � ° LL o U efile GRAPHIC rint - DO NOT PROCESS I As Filed Data - DLN: 93493094002148 SCHEDULE AOMB No 1545-0047 Public Charity Status and Public Support �- 0 :n 990 or Complete if the organization is a section 501(c)(3)organization or a section 99VEZ) 4947(a)(1) nonexempt charitable trust. 201-6 0, Attach to Form 990 or Form 990-EZ. Information about Schedule A (Form 990 or 990-EZ) and its instructions is at • ° ' ° Deparhneut of the Trea�un _,. www.irs.govi form99o. Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC ...._._ .�,.._mm_-_ n ............... 65-0352279 Reason for Public CharityStatus All orlianizatios must complete this art.) See instructions. The organization is not a private foundation because it is (For lines 1 through 12, check only one box ) 1 ❑ A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i). 2 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E(Form 990 or 990-EZ)) 3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 F] A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state 5 ❑ An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170 (b)(1)(A)(iv). (Complete Part II ) 6 ❑ A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 © An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II ) 8 ❑ A community trust described in section 170(b)(1)(A)(vi) (Complete Part II } 9 ❑ An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture See instructions Enter the name, city, and state of the college or university 10 F� An organization that normally receives (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/30/0 of its support from gross investment income and unrelated business taxable income (less section 511 tax)from businesses acquired by the organization after June 30, 1975 See section 509(a)(2). (Complete Part III ) 1� ❑ An organization organized and operated exclusively to test for public safety See section 509(a)(4). 12 ❑ An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3).Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g a ❑ Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b ❑ Type II.A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c ❑ Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions) You must complete Part IV,Sections A, D, and E. d ❑ Type III non-functionally integrated.A supporting organization operated in connection with its supported organization(s) that is not functionally integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement(see instructions) You must complete Part IV, Sections A and D, and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type I, Type II,Type III functionally integrated, or Type III non-functionally integrated supporting organization f Enter the number of supported organizations 9 Provide the followrn^ information about the supported organizations) (i)Name of supported organization (ii)EIN (iii)Type of (iv) (v) (Vi) organization Is the organization listed in Amount of Amount of other (described on lines your governing document7 monetary support support (see 1- 10 above (see (see instructions) instructions) instructions)) Yes No . .�, Tota l For Paperwork Reduction Act Notice, see the Instructions for Cat No 11285F Schedule A (Form 990 or 990-EZ) 2016 Form 990 or 990-EZ. Tule A (Form 990 or 990-EZ) 2016 Page 2 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to tlualify under the tests listed below, g lease complete Part II_I.) Section A. Public Support Calendar year (a)2012 (b)2013 (c)2014 (d)2015 a 2016 f Tc (or fiscal year beginning in)► ( ) O tal 1 Gifts, grants, contributions, and — �� """ ._ membership fees received (Do not 5,266,896 689,691 460,659 296,085 550,193 7,263,524 include any "unusual grant") 2 Tax revenues levied for the — organization's benefit and either paid to or expended on its behalf 3 The value of services or facilities furnished by a governmental unit to the organization without charge 4 Total.Add lines 1 through 3 5,266,896 689,691 460,659 296,085 550,193 7,263,524 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 6 Public support. Subtract line 5 from — line 4 7,263,524 Section B. Total Support Calendar year (a)2012 (b)2013 (c)2014 (d)20152016 a (f )Total fiscal year beginning in)110 ( ) ( )Total v� -U 7 Amounts from line 4 5,266,896' 689,691 460,659 296,085 550,193 7,263,524 8 Gross income from interest, dividends, payments received on 1,635,230 905,011 945,258 977,919 794,797' 5,258,215 securities loans, rents, royalties and ,ncome from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets(Explain in Part VI ) 11 Total support. Add lines 7 through 12,521,739 10 12 Gross receipts from related activities, etc (see instructions) E12 f 13 First five years. If the Form 990 is for the organization's first, second,third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ❑ Section C. Computation of Public Support Percentage 14 Public support percentage for 2016 (line 6, column (f)divided by line 11, column (f)) 14 58 010/0 15 Public support percentage for 2015 Schedule A, Part II, line 14 15 76 160 16a 33 1/3%support test-2016. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and stop here.The organization qualifies as a publicly supported organization P. ❑J h 33 1/3%support test-2015. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box and stop here.The organization qualifies as a publicly supported organization P,. ❑ 17a 100/o-facts-and-circumstances test-2016. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 101/o or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ❑ b 10%-facts-and-circumstances test-2015. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ❑ 18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see ®( istructians ❑ Schedule A (Form 990 or 990-EZ) 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 3 • • Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.) -11�miction A. Public Support Calenlyear beginning (a)2012 (b)2013 (c)2014 (d)2015 a 2016 r year (or fiscal year beginning in)► ( ) (f)Total 1 Gifts, grants, contributions, and membership fees received (Do not include any "unusual grants ") 7� 2 Gross receipts from admissions, merchandise sold or services performed,or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 513 _ 4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge 6 Total.Add lines 1 through 5 7a Amounts included on lines 1, 2, and 3 received from disqualified persons b Amounts included on lines 2 and 3 l received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year c Add lines 7a and 7b 8 Public support. (Subtract line 7c from line 6 ) o 'tion B. Total Support Calendar year (a)2012 (b)2013 (c)2014 (d)2015 (e)2016 (fTotal (or fiscal year beginning in)01 ( ) 9 Amounts from line 6 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources b Unrelated business taxable income (less section 511 taxes)from businesses acquired after June 30, 1975 c Add lines 10a and 10b 11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 13 Total support. (Add lines 9, 10c, 11, and 12 ) 1 14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ❑ Section C. Computation of Public Support Percentage 15 Public support percentage for 2016 (line 8, column (f) divided by line 13, column (f)) 15 0 0/0 16 Public support percentage from 2015 Schedule A, Part III, line 15 16 Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2016 (line 10c, column (f) divided by line 13, column (f)) 17 0 0/0 18 Investment income percentage from 2015 Schedule A, Part III, line 17 18 1 '131/3%support tests-2016. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not .nore than 33 1/3%, check this box and stop here.The organization qualifies as a publicly supported organization ll► ❑ b 33 1/3%support tests-2015.If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here.The organization qualifies as a publicly supported organization ► ❑ 20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ► ❑ _ _— .� �. ..a.a. Schedule A (Form 990 or 990-EZ) 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 4 ff�Vsupporting Organizations (Complete only if you checked a box on line 12 of Part I If you checked 12a of Part I, complete Sections A and B If you checked 12b of Part I, complete Sections A and C If you checked 12c of Part I, complete Sections A, D, and E If you checked 12d of Part I, complete Sections A and D, and com fete Part V } Section A. All Supporting Organizations Yes No 1 Are all of the organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated If designated by class or purpose, describe the designation If historic and continuing relationship, explain 1 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509 (a)(1) or (2)?If"Yes,"explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1)or(2) - 2 3a Did the organization have a supported organization described in section 501(c)(4), (5), or(6)?If"Yes,"answer(b) and(c) below - 3a b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or(6) and satisfied the public support tests under section 509(a)(2)?If"Yes,"describe in Part VI when and how the organization made the determination - C Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? 3b If"Yes,"explain in Part VI what controls the organization put to place to ensure such use 3c 4a Was any supported organization not organized in the United States ("foreign supported organization")?If"Yes"and if you checked 12a or 12b in Part I, answer(b)and(c)below 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization?If"Yes,"describe in Part VI how the organization had such control and discretion despite being controlled or " supervised by or in connection with its supported organizations 4b c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1) or(2)?If"Yes,"explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B)purposes 4c Did the organization add, substitute, or remove any supported organizations during the tax year?If"Yes,"answer(b)and c (c)below(if applicable) Also,provide detail in Part VI, including(r) the names and EIN numbers of the supported organizations added, substituted, or removed, (n)the reasons for each such action, (III) the authority under the organization's organizing document authorizing such action, and(iv)how the action was accomplished(such as by 5a amendment to the organizing document) b Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only. Was the substitution the result of an event beyond the organization's control? 5c 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities)to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or(iii) other supporting organizations that also support or benefit one or more of the filing organization's supported organizations?If"Yes,"provide detail in Part V1. 6 7 Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor(defined in section 4958(c)(3)(C)), a family member of a substantia! contributor, or a 35% controlled entity with regard to a substantial contributor?If"Yes,"complete Part I of Schedule L(Form 990 or 990-EZ) 7 8 Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 77 If"Yes," complete Part I of Schedule L (Form 990 or 990-EZ) —- — 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or(2))?If"Yes," provide detail in Part VI. 9a b Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest?If"Yes,"provide detail In Part VI. 9b C Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest?If"Yes,"provide detail in Part VL 9c 10a Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)?If"Yes," answer line 10b below - 10a 9 Y 9 Y Did the organization have an excess business holdings the tax ear? Use Schedule C, Form 4720, to determine whether' the organization had excess business holdings) 10b Schedule A(Form 990 or 990-EZI 2016 Schedule A(Form 990 or 990-EZ) 2016 Page 5 !' Supporting Organizations (continued) Yes No 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b) and (c) below,the governing body of a supported organization? o A family member of a person described in (a) above? lib ....n. c A 35% controlled entity of a person described in(a)or(b)above?If"Yes"to a, b, or c, provide detail in Part VI 11c Section B. Type I Supporting Organizations Yes No 1 Did the directors,trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year?If"No,"describe in Part VI how the supported organization(s)effectively operated,supervised, or controlled the organization's activities If the organization had more than one supported organization,describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization?If"Yes,"explain in Part VI how providing such benefit carried out the purposes of the supported organization(s)that operated, supervised or controlled the supporting organization --- -_2 2 Section C.Type IISugj)�orting Organizations w ...�w....... _ . Yes No each of the organization's supported organization(s)?If"No,"describe in Part VI how control or management of the _.... 1 Were a majority of the organization's directors or trustees duringthe tax year also a majority of the directors or trustees of supporting organization was vested in the same persons that controlled or managed the supported organfzatron(s) 1 ..... Section D.All Type III Supporting Organizations Yes No Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization's tax year, (i)a written notice describing the type and amount of support provided during the prior tax year, (u) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 2 Were any of the organization's officers, directors, or trustees either(i) appointed or elected by the supported organization (s) or(ii) serving on the governing body of a supported organization?If"No,"explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s) 2 3 By reason of the relationship described in (2), did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year?If"Yes,"describe in Part VI the role the organization's supported organizations played in this regard -- -3 �............ _...v..��..._. Section E. Type III Functionally-Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year(see instructions) a The organization satisfied the Activities Test Complete line 2 below b The organization is the parent of each of its supported organizations Complete line 3 below c F-1 The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a) and (b) below. I Yes No a Did substantially all of the organization's activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive?If"Yes,"then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities 2a b Did the activities described in (a) constitute activities that, but for the organization's involvement, one or more of the organization's supported organization(s) would have been engaged in?If"Yes,"explain in Part VI the reasons for the organization's positron that its supported organization(s) would have engaged in these activities but for the organization's involvement 2b - 3 Parent of Supported Organizations Answer (a)and (b) below. a Did the organization have the power to regularly appoint or elect a majority of the officers,directors, or trustees of each of 3a the supported organizations?Provide details in Part VI. b Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations?If"Yes,"describe in Part VI. the role played by the organization in this regard 3b Schedule A(Form 990 or 990-EZ) 2016 i Jule A (Form 990 or 990-EZ) 2016 Page 6 Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 See instructions.All other Type III non-functionally integrated sur� organizations must complete Sections A through E r.. Section A - Adjusted Net Income (A)Prior Year (B)Current Year (optional) 1 Net short-term capital gain l 2 Recoveries of prior-year distributions 2 3 Other gross income (see instructions) 3 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 6 Portion of operating expenses paid or incurred for production or collection of gross 6 income or for management, conservation, or maintenance of property held for production of income (see instructions) 7 Other expenses (see instructions) I 7 8 Adjusted Net Income(subtract lines 5, 6 and 7 from line 4) 8 Section B - Minimum Asset Amount (A)Prior Year (B)Current Year (optional) 1 Aggregate fair market value of all non-exempt-use assets(see instructions for short tax year or assets held for part of year) 1 a Average monthly value of securities la Average monthly cash balances 1b Fair market value of other non-exempt-use assets is d Total (add lines la, lb, and lc) Id e Discount claimed for blockage or other factors (explain in detail in Part VI) 2 Acquisition indebtedness applicable to non-exempt use assets 2 3 Subtract line 2 from line ld 3 4 Cash deemed held for exempt use Enter 1-1/21/o of line 3 (for greater amount, see instructions) 4 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 - rm 6 Multiply line 5 by 035 6 7 Recoveries of prior-year distributions 7 8 Minimum Asset Amount(add line 7 to line 6) 8 Section C - Distributable Amount Current Year 1 Adjusted net income for prior year(from Section A, line 8, Column A) 1 2 Enter 85% of line 1 2 3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3 4 Enter greater of line 2 or line 3 4 _ 5 Income tax imposed in prior year 5� 6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency 6 temporary reduction (see instructions) 7 M Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) I Schedule A !Form 990 or 990-E7] 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 7 Type 111 Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section D - Distributions Current Year imounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2016 from Section C, line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (;) (") Underdistributions Distributable instructions) Excess Distributions pre-2016 Amount for 2016 1 Distributable amount for 2016 from Section C, line 6 2 Underdistributions, if any, for years prior to 2016 (reasonable cause required--see instructions) 3 Excess distributions carryover, if any, to 2016 a — _b .rom 2013. . . . From 2014. . . .. e From 2015. . f Total of lines 3a through a � g Applied to underdistributions o`prior years i h Applied to 2016 distributable amount i Carryover from 2011 not applied (see instructions) j Remainder Subtract lines 3g, 3h, and I from 3f 4 Distributions for 2016 from Section D, line 7 - a Applied to underdistributions of prior years b Applied to 2016 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2016, if any Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) 6 Remaining underdistnbutions for 2016 Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) 7 Excess distributions carryover to 2017. Add lines 3j and 4c 8 Breakdown of line 7 b Excess from 2013. . . . . . . r Excess from 2014 . .... ..__. . ..... .�,e.. . ..... _.,,, _xcess from 2015 . . . . . . e Excess from 2016. . . . . . . Schedule A (Form 990 or 990-EZ) (2016) C co � U r a SL) Q O -C C: +, .,_, u O U > ' Z, a) � d U U) 4-J G il) � u0- s E i i oU D i s 0 0 G Q i N 70 > lfl u O %.m L- ru ru fu u acral O M — r, V -C� LLJ + � lnN C: L O C) �� N ,� N V) 0N > H C a-J -0 LU L-- C c Ofu m t�/1 tL O E Ln as h Ln u M 0 U c ro> U ~ tea`. a M Ln N N i Cl) V) , a) a ri c a) LL rn7 = Ln r c _0 m N O O aJ 0 Z kD En(c]) u m � rn � mE 'rio a, � — tn o ra cn vL E > C: -I- c - - 0 ' 20 c 4-1 N C C V _ O ,-� ra 4j A Q- fY1 LL j QJ70 Q1 C a3 H O_ o E 4, a co m0 0 wc L- W dJ U i O C ra O LL Q N D N U U'1 efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493094002148 _......... SCHEDULED OMB No 1545-0047 (Form 990) Supplemental Financial Statements ►Complete if the organization answered "Yes,"on Form 990, 20 -4116 Part IV, line 6, 7, 8,9, 10, Ila, Slb, llc, lld, lie, ilf, 12a,or 12b. Department of the Trea,un ON-Attach to Form 990. ® ® sternal Revenue 5erntce Information about Schedule D (Form 990) and its instructions is at wwwJrs.gov1tbrm990. ® - Name of the organization E 11 mployer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds (b)Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from (during year) 4 Aggregate value at end of year 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subject to the organization's exclusive legal control? ❑ ❑ No Yes 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ❑ Yes ❑ No Conservation Easements Complete if the organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s)of conservation easements held by the organization (check all that apply) ❑ Preservation of land for public use(e g , recreation or education) ❑ Preservation of an historically important land area ❑ Protection of natural habitat ❑ Preservation of a certified historic structure ❑ Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Year a Total number of conservation easements 2a b Total acreage restricted by conservation easements 2b c Number of conservation easements on a certified historic structure included in (a) 2c — d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic 2d structure listed in the National Register - - —•- 3 Number of conservation easements modified,transferred, released, extinguished, or terminated by the organization during the tax year 0- 4 4 Number of states where property subject to conservation easement is located ► 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ❑ Yes ❑ No 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)7 ❑ Yes ❑ No 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the orcanlzatlon answered "Yes" on Form 990, Part IV, line 8. la If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education,or research in furtherance of public service, provide the following amounts relating to these items (i)Revenue included on Form 990, Part VIII, line 1 IN. $ (ii)Assets included in Form 990, Part X ► $ 2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items a Revenue included on Form 990, Part VIII, line 1 I. $ b Assets included in Form 990, Part X ► $ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5228' Schedule D(Form 990) 2016 Schedule D (Form 990) 2016 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued,) 3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply) ❑ Public exhibition d ❑ Loan or exchange programs ❑ Scholarly research e ❑ Other C ❑ Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII 5 During the year, did the organization solicit or receive donations of art, historical treasures or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? El Yes ❑ No ®..._ _ ...... ... .www Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. la Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X7 ❑ Yes ❑ No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount c Beginning balance lc d Additions during the year Id e Distributions during the year 1e f Ending balance 1f 2a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ❑ Yes ❑ No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . ❑ IMUEEndowment Funds. Complete If the organization answered "Yes" on Form 990, Part IV, line 10. (a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back 1- Beginning of year balance . . =ontnbutions mm c Net investment earnings, gains, and losses d Grants or scholarships e Other expenditures for facilities and programs . . f Administrative expenses g End of year balance . . 2 Provide the estimated percentage of the current year end balance(line lg, column (a)) held as a Board designated or quasi-endowment lo- b b Permanent endowment► c Temporarily restricted endowment► The percentages on lines 2a, 2b, and 2c should equal 1009/o 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by Yes No (i) unrelated organizations . {i)(ii) related organizations . 3a(H)[3a If"Yes" on 3a(ii), are the related organizations listed as required on Schedule R? 3b 4 Describe in Part XIII the intended uses of the organization's endowment funds EMEff Land, Buildings, and Equipment. Complete if the or-anlzation answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis (b)Cost or other basis(other) (c)Accumulated depreciation (d)Book value (investment) is Land - 720,000 720,000 uildings 11,827,235 1,897,799 9,929,436 c Leasehold improvements d Equipment 43,931F42,580 1,351 e Other 8,752 8,342 410 Total Add lines la through le(Column (d)must equal Form 990, Part X, column (B), line 10(c)) ► 10,651,197 _._.u.M. _...... _. .. Schedule D (Form 990) 2016 Schedule D(Form 990)2016 Page 3 Investments—Other Securities.Complete rf the organization answered'Yes'on Form 990, Part IV,line lib. See Form 990,Part X, line 12. (a)Description of security or category (b)Book (c)Method of valuation (including name of security) value Cost or end-of year market value (I)Financial derivatives ., (2)Closely-held equity interests (3)Other (A) ,---..__ ---- _- (E) (F) .._._ .., .. �.,.. .___ ...�.._,�.,. ... ' Total.(Column(b)must equal Form 990,Part X,col(B)lme 12) Investments—Program Related.Complete if the organization answered'Yes'on Form 990,Part IV,line 11c. Se,�F�l..m 990 Part a.Ilne 1 �.._ .... _ ... ______.� .......... ........ -_------ (a)Description of investment (b)Book value (c)Method of valuation Cost or end-of-year market value ...,... ., _. -------_I_ �.. _ (6) ._ _._..... .....,_. �. m „� e_.................._..�... _�..,„....._..,......... �. ..,,.,,.. .. �.... ,.._,.�.. ..�..w..,..—,,. (9) .. �„ ....,...._..� a �..,.._. Total.(Column(b)must equal Form 990 Part X,col(B)line 13) Other Assets Comp tete if the or_anizat;on answered'Yes'on Form 990,Part IV,line 11d See Form 990_,Part X,line 15 (a)Description _ (b)Book value (1)PROPERTY UNDER DEVELOPMENT (2)DEPOSITS __.�, _..._..... G.,m...., ..,.2,839,286.. 4,611 (3)REIMBURSEMENTS RECEIVABLE , 1,757,452 (3) W (4) .._._......,- a .� .. ...- (6) �_ _... .... _. ................. _ ..._.. ..._.... _ tea — _ -_ _ .................. 'total.(Column(fa)must equal Form 990,Part X,co,f(B)hne 15}_ , F 4,601,349 Other Liabilities.Complete;f the organization answered'Yes'on Form 990, Part IV,line 11e or 11f. See Form 990, Part X,line 25. (a)Oestri ................. tion of liability ... e Description y (b)Book valee (1)Federal income taxes SECURITY DEPOSITS 60,418 (2) (3) (4) (6) (7) M.M.M... ..... .�. u. —' — T.W.(Co!(b)mus[e l=a!R.—990,Pan X,cot(8)1—25)..- 60,4 18 2.liability for uncertain tax positions In Part XIII,provide the text ofthe footnote to the organization's financial statements that reports the organizations liability for uncertain tax positions under FIN 48(ASC 740) Check here if the text of the footnote has been provided;n Part XIII ❑ _ .,.. �„ _ ........ .,_..�.�_._.._... ............. _.,, .�. ,�• Schedule D(Form 990)2016 Ln � G o o N r6 u .. O E cl Oti o _ E 3 3 rp O a•+ i� C U. CL M N —::: >. 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W L Ch W O O 4J F m C U) C U X C W cti c 4- c M a U_ O Q O L yr O O •1•+ U m EC L O 0 U W � C H N f4 � U C p a � E � a � CL � o m O � a a� V 4 i J O O > O a_ ON m - c O c� a a� x W o 0 L U = O O m a L O c rn 7 R � � N C � � N r CL ro CL N 3 ^Ll W O ^' O W 3 � Ch 01 c 0 m c m a x Lu 0 rn N iD N C CO 0 co (Y) (N E o) 0 (D � N ~ W �p W �+ LL c ,j a) a Ez a, O fl. U) CL U) w LL O O [If 3 W m � v c dJ i c O J O0 M0 G1 LL 0- N C O iv c co Q x LU c 0 C) E cD L m 0 r w co c N r C c� co E w 4� Z fl. O CL z a LU J Q LU 3 V N � V C Q7 i C Q J U a+ � � y X d- Ch LL d N efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN:93493076002097 FormQV V O Q Return of Organization Exempt From Income Tax OMB -11545-0047 11545-0047 w Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 2015 ►Do not enter social security numbers on this form as it may he made public - - Department of the Y Y P ®®„--- Treasury ►Information about Form 990 and Its Instructions Is at www IRS�aov:form990 Internal Revenue Service A Fort he 2015 calendar year,or tax ear be innin 10-01-2015 and endin 09-30-2016 B Check if applicable C Name of organization D Employer identification number NEIGHBORHOOD RENAISSANCE INC Address change 65-0352279 Name change ---� u -- -- Doing business as r Initial return Final ----- --...,.,....._.,,..... .._. _ Room/..._..,....._. -... E Teiephone number return/terminated Number and street(or P 0 box if mail is not delivered to street address]Room/suite rAmended return 510-24 STREET (561)832-6776 F-Application Pending I City or town,state or province country,and ZIP or foreign postal code WEST PALM BEACH,FL 33407 G Gross receipts$1,898,726 F Name and address of principal officer H(a) Is this a group return for CARL A FLICK 221 34TH STREET subordinates? F Yes F4 WEST PALM BEACH.FL 33466 No - •._. H b Are all subordinates I Tax-exempt status ? Yes F_No Fs/501(c)(3} � 501(c)( ) ®(insert no) �4947(a)(1)or �527 Included __ - 111- .... ”' "'" ""' """"'"""`"`""'"" If"No,"attach a list (see instructions) 3 Website ► N/A H c Grouf exemption number► K Form of organization CF-Trust 1 Association r Other► L Year of formation 1992 M State of legal domicile FL ion Ivorporabon Summary — . ...... .... _ ... - 1 Briefly describe the organization's mission or most significant activities COMMUNITY DEVELOPMENT .,,..� _ ..._,,,..,..... V ._s.... . .. - ..w.w..-------..,...._`— -------- _..-,. Check this box►r-if the or anization discontinued Its o erations or dis osed of more than 25/ of rt W.w... > 2 g p p °° s netassets e :7 ,d 3 Number of voting members of the governing body(Part VI,line 1a) . . . . . 3 9 a, 4 Number of Independent voting members of the governing body(Part VI,line 1b) . 4 9 5 Total number of Individuals employed In calendar year 2015(Part V,line 2a) 5 6 Q6 Total number ofvolun.teers(estimate If necessary) . � 6 7 7a Total ur ated business revenue from Part VIII,column(C) line 12 7a ( 0 b Net unrelated business taxable income from Form 990 T line 34 . 7b _.... ,. _- �... ...-._ .. a Prior Year Current Year 8 Contnbjtions and grants(Part VIII,line Ih) . . . . (' 460,659 231,079 a 9 Program service revenue(Part VIII,line 2g) . 230,747 227,052 + 10 Investment Income(Part VIII,column(A),lines 3,4,and 7d) . . 123,623 128,528 •.11 Other revenue(Part VIII,column(A),Imes 5,6d,Bc,9c,1Oc,and 1le) 73,590 306,235 12 Total revenue-add Imes 8 through 11 (must equal Part VIII,column(A),line 888,619 892,894 12) 13 Grants and similar amounts paid(Part IX,column(A),lines 1-3 ) 0 14 Benefits paid to or for members (Part IX,column(A),line 4) 0 15 Salaries,other compensation,employee benefits (Part IX,column(A),lines �., 404 5-10) ,955 403 450 16a Professional fundraising fees(Part IX,column(A),line Ile) . 3 0 b Total fundraising expenses(Part IX,column(D),line 25)0,0.,. ..... 17 Other expenses(Part IX,column(A),lines lla-ild,l if-24e) . 518,931( 507,240 18 Total expenses Add Imes 13-17(must equal Part IX,column(A),line 25) 923,886 910,690 19 Revenue!ess expenses Subtract line 18 from line 12.. . 35,267 17,796 ,.,.�.. sy P � '..Beginning of Current Year End of Year b m E ........ -. ...__......... ... m� �m 20 Total assets(Part X,line 16) . 14,510,104 16,019,388 . 21 Total liabilities(Part X,line 26) . . . 1,480,702_____ 3,007,782 a .�, ._..r ZDiy 22 Net assets or fund balances Subtract line 21 from line 20 13,029,402 13,011,606 . ..�. ;_._,.,�...._' S.9nature Block Under penalties of per)ury,I declare that I have examined this return,Including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowledge 2017-01-25 Sigatn_of oficeDateSign Here CARLFLICK PRESIDENT M.M. . Type or pont name and title _____ _____. ...� Pnnt/Type preparers name Preparers signature Date self-employedPTIN RICHARD L KARPELES RICHARD L KARPELES 2017-03-17 Check if Paid ..<.- Preparer Firms name 10-FRIEDMAN FELDMESSER AND KARPELES CPA LLC Firm's EIN► Firm's address 0-641 UNIVERSITY BLVD STE 210 Phone no (561)622-9990 Use Only 3UPITER,FL 33458 May the IRS discuss this return with the prepa rer s hown above?(see instructions) . F,Yes F-No _ . . .. m For Paperwork Reduction Act Notice,seethe separate instructions. Cat No 11282Y Form99O(2015) Form 990 (2015) Page 2 Statement o-Program Service Accomplishments Check if Schedule O contains a resFonse or note to any line in this Part III . E 1 Briefly describe the organization's mission COMMUNITY DEVELOPMENT 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . F—yes F,/—No If"Yes," describe these new services on Schedule O 3 Did the organization cease conducting,or make significant changes in how it conducts,any program services? . [—Yes F/_No If"Yes," describe these changes on Schedule O 4 Describe the organization's program service accomplishments for each of its three largest program services,as measured by expenses Section 501(c)(3)and 501(c)(4)organizations are required to report the amount of grants and allocations to others, the total expenses,and revenue,if any,for each program service reported ....... 4a (Code } (Expenses$ 813,339 including grants of$ ) (Revenue$ 296,085) THE ENTITY EXPENDS FUNDS RECEIVED FROM GRANTS AND CONTRIBUTIONS TO INDMDUALS&BUSINESSES THAT CONTRIBUTE TO A COMMUNITY DEVELOPMENT OF COMMERCIAL AND RESIDENTIAL PROPERTY 4b (Code ) (Expenses$ including grants of$ ) (Revenue$ ) 4c (Code ) (Expenses$ including grants of$ ) (Revenue$ ) 4d Other program services (Describe in Schedule O ) (Expenses $ including grants of$ )(Revenue $ ) 4e Total program service expenses 0- 813,339 Form 990(2015) Form 990 (2015) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3)or 4947(a)(1) (otherthan a private foundation)? If"Yes," Yes complete Schedule A N . . . . . . . . . . . . . . . . . . . . 1 Is the organization required to complete Schedule B,Schedule of Contributors (see instructions)? 2 No 3 Did the organization engage indirect or indirect political campaign activities on behalf of or in opposition to No candidates for public office? If"Yes,"complete Schedule C, Part 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities,or have a section 501(h)election in effect during the tax year? If"Yes,"complete Schedule C,Part IT 4 No 5 Is the organization a section 501(c)(4), 501(c)(5),or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If"Yes,"complete Schedule C, Part III 5 N o 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If"Yes,"complete Schedule D, Part I 6 N o 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas,or historic structures? If"Yes,"complete Schedule D, Part If 7 No 8 Did the organization maintain collections of works of art,historical treasures,or other similar assets? If"Yes,"complete Schedule D,Part III g N o 9 Did the organization report an amount in Part X,line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling,debt management,credit repair,or debt negotiation services?If"Yes,"complete Schedule D,Part IV g No 10 Did the organization,directly or through a related organization, hold assets in temporarily restricted endowments, 10 No permanent endowments, or quasi-endowments? If"Yes,"complete Schedule D,Part V . . 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or as applicable a Did the organization report an amount for land, buildings,and equipment in Part X, line 10? If"Yes,"complete Schedule D, Part VI IN . Ila Yes b Did the organization report an amount for investments—other securities in Part X,line 12 that is 5% or more of its total assets reported in Part X, line 16? If"Yes,"complete Schedule D, Part VII lib No Did the organization report an amount for investments—program related in Part X,line 13 that is 5% or more of its total assets reported in Part X, line 16? If"Yes,"complete Schedule D, Part VIII iic No d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 167 If"Yes,"complete Schedule D,Part IX tj . lld Yes e Did the organization report an amount for other liabilities to Part X, line 25? If"Yes,"complete Schedule D, Part X 11e Yes If Did the organization's separate or consolidated financial statements for the tax year include a footnote that lif No addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If"Yes,"complete Schedule D, Part X ......................... 12a Did the organization obtain separate, independent audited financial statements for the tax year? If"Yes,"complete Schedule D, Parts XI and XII V . 12a Yes b Was the organization included in consolidated, independent audited financial statements for the tax year? 12b No If"Yes,"and if the organization answered "No"to line 12a, then completing Schedule D,Parts XI and XII rs optional 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If"Yes,"complete Schedule E 13 ' No 14a Did the organization maintain an office, employees,or agents outside of the United States? . 14a No b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,fundraising, business, investment, and program service activities outside the U nited States,or aggregate foreign investments valued at$100,000 or more? If"Yes,"complete Schedule F, Parts I and IV . 14b No 15 Did the organization report on Part IX, column (A),line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If"Yes,"complete Schedule F,Parts II and IV . 15 No 16 Did the organization report on Part IX,column (A),line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If"Yes,"complete Schedule F, Palts III and IV 16 No 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part 17 No IX,column (A), lines 6 and IIe? If"Yes,"complete Schedule G,Part (see instructions) . . 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If"Yes,"complete Schedule G,Part 11 . 18 No Did the organization report more than $15,000 of gross income from gaming activities on Part VIII,line 9a? If "Yes,"complete Schedule G,Part III . 19 No 20a Did the organization operate one or more hospital facilities? If"Yes,"complete Schedule . 20a No b If"Yes" to line 20a,did the organization attach a copy of its audited financial statements to this return? aob Form 990(2015) Form 990 (2015) Page 4 Checklist of Required Schedules (continued) Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 No domestic government on Part IX,column (A),line 1? If"Yes,"complete Schedule 1, Parts I and II . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part 22 IX,column (A), line 2? If"Yes,"complete Schedule I,Parts I and III . No 23 Did the organization answer"Yes" to Part VII,Section A, line 3,4,or 5 about compensation of the organization's current and former officers,directors,trustees,key employees,and highest compensated employees? If"Yes," 23 No complete Schedule I . . ............. 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year,that was issued after December 31, 2002? If"Yes,"answer lines 24b through 24d and complete Schedule K If"No,"go to line 25a . 24a I No b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . 24c d Did the organization act as an "on behalf of issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3),501(c)(4),and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If"Yes," complete Schedule L, Par t I . 25a N o b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year,and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? 25b No If"Yes,"complete Schedule L,Part I . . 26 Did the organization report any amount on Part X,line 5,6,or 22 for receivables from or payables to any current or former officers,directors,trustees, key employees, highest compensated employees,or disqualified persons? 26 No If"Yes,"complete Schedule L, Part II . . 27 Did the organization provide a grant or other assistance to an officer, director,trustee, key employee,substantial contributor or employee thereof,a grant selection committee member,or to a 35% controlled entity or family 27 No member of any of these persons? If"Yes,"complete Schedule L,Part III . . Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds,conditions,and exceptions) a A current or former officer,director,trustee,or key employee? If"Yes,"complete Schedule L, Part IV . . 28a No b A family member of a current or former officer,director,trustee,or key employee? If"Yes,"complete Schedule L, Part I V . 28b N o c A n entity of which a current or former officer,director,trustee,or key employee (or a family member thereof)was an officer,director,trustee, or direct or indirect owner? If"Yes,"complete Schedule L, Part IV . 28c No 29 Did the organization receive more than $25,000 in non-cash contributions? If"Yes,"complete Schedule 29 No 30 Did the organization receive contributions of art,historical treasures, or other similar assets,or qualified conservation contributions? If"Yes,"complete Schedule . . . 30 No 31 Did the organization liquidate,terminate, or dissolve and cease operations? If"Yes,"complete Schedule N,Part I . 31 No 32 Did the organization sell,exchange,dispose of, or transfer more than 25% of its net assets? If"Yes,"complete Schedule N, Part II . 32 No 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3? If"Yes,"complete Schedule R, Part1 . 33 No 34 Was the organization related to any tax-exempt or taxable entity? If"Yes,"complete Schedule R, Part 71, III, or IV, and Part V,line I . 34 N o 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a No b If'Yes'to line 35a, did the organization receive any payment from or engage in any transaction with a controlled 35b �- No entity within the meaning of section 512(b)(13)? If"Yes,"complete Schedule R, Part V,line 2 . . 36 Section 501(c)(3) organizations.Did the organization make any transfers to an exempt non-charitable related organization?If"Yes,"complete Schedule R,Part V.line 2 . 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If"Yes,"complete Schedule R,Part VI 37 No Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 b and 19? Note.All Form 990 filers are required to complete Schedule O 38 Yes Form 990(2015) Form 990 (2015) Page 5 Statements Regarding Other IR5 Filings and Tax Compliance Check if Schedule O contains a response or note to any, line in this Part V Yes No la Enter the number reported in Box 3 of Form 1096 Enter-0- if not applicable la 0 b Enter the number of Forms W-2G included in line is Enter-0- if not applicable I 1b 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming(gambling)winnings to prize winners? . is Yes 2a Enter the numberofemployees reported on Form W-3,T ra ns mitta I of Wage and Tax Statements,filed for the calendar year endirg with or within the year covered by this return . . . . . 2. 6 b If at least one is reported on line 2a,did the organization file all required federal employment tax returns? 2b Yes Note.Ifthe sum of lines la and 2a is greater than 250,you may be required to a-file (see instructions) 3a Did the organization have unrelated business gross income of$1,000 or more during the year? I 3a No b If"Yes,"has it filed a Form 990-T for this year?lf"No"to f ne 3b,provide an explanation in ScheduleO . 3b 4a At any time during the calendar year,did the organization have an interest in,or a signature or other authority over,a financial account in a foreign country(such as a bank account,securities account,or other financial account)? 4a No b If"Yes,"enter the name ofthe foreign country 0, See instructions for filing requirements for FinCEN Form 114,Report of Foreign Bank and Financial Accounts (FBA R) Sa Was the organization a party to a prohibited tax sheltertransaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? Slo No c If"Yes," to line 5a or 5b,did the organization file Form 8886-T? . . . Sc 6a Does the organization have annual gross receipts that are normally greater than$100,000,and did the 6a No organization solicit any contributions that were not tax deductible as charitable contributions? b if"Yes,"did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . . . 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of$75 made partly as a contribution and partly forgoods and 7a No services provided to the payor? . . b If"Yes,"did the organization notify the donorofthe value ofthe goods or services provided? 7b c Did the organization sell,exchange,or otherwise dispose of tangible personal property for which it was required to file Form 8282? . 7c No d If"Yes," indicate the number of Forms 8282 filed during the year 7d e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? 7e No f Did the organization,during the year,pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required? . 7g h If the organization received a contribution of cars,boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 7h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . . . . . . B No 9a Did the sponsoring organization make any taxable distributions under section 4966? 9a No b Did the sponsoring organization make a distribution to a donor,donor advisor,or related person? „ 9b N.o.. 10 Section 501(c)(7)organizations.Enter a Initiation fees and capital contributions me luded on Part VIfI,line 12 l0a b Gross receipts,included on Form 990,Part VIII,line 12,for public use of club 10b m facilities 11 Section 501(c)(12)organizations.Enter a Gross income from members or shareholders . lia b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . [1111b 12a Section 4947(a)(1)non-exempt charitable trusts.Is the organization filing Farm 990 1n lieu of Form 1041? 12a b If"Yes," enter the amount of tax-exempt interest received or accrued during the year 12b 13 Section 501(c)(29)qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state?Nate.See the instructions for additional information the organization must report on Schedule O 13a b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans 13b c Enter the amount of reserves on hand . 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? 14! No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 14b Form 990(2015) Form 990 (2015) Page 6 Governance, Management, and Disclosure For each "Yes"response to Imes 2 through 7b below, and fora 'N "re to Imes 8a, 86, or 10b below, describe the circumstances, processes, or changes rn Schedule O. See instructions. Check if Schedule O contains a response or note to anv line in this Part VI Section A. Governing. Management ._u Yes No I Enter the number of voting members of the governing body at the end of the tax i year s 9 Ifthere are material differences in voting rights among members ofthe governing body,or if the governing body delegated broad authority to an executive committee or similar committee,explain in Schedule O b Enter the number of voting members included in line la,above,who are independent lb 9 2 Did any officer,director,trustee,or key employee have a family relationship or a business relationship with any other officer,director,trustee,or key employee? . IL3 No 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers,directors or trustees,or key employees to a management company or other person? No 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? . 4 No 5 Did the organization become aware during the year of a significant diversion ofthe organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 No 7a Did the organization have members,stockholders,or other persons who had the power to elect or appoint one or more members of the governing body? . 7a Yes b A re any governance decisions of the organization reserved to(or subject to approval by)members,stockholders, 7b No or persons other than the governing body? . . 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following a The governing body? . 8a Yes b Each committee with authority to act on behalfofthe governing body? . 8b Yes 9 Is there any officer,director,trustee,or key employee listed in Part VII,Section A,who cannot be reached at the organization's mailing address?If"Yes,"provide the names and addresses in Schedule O . 9 No w Section B. Policies (This Section B requests information about policies notregurred by the Internal Revenue Code. Yes No 10a Did the organization have local chapters, branches,or affiliates? . 10a No b If"Yes," did the organization have written policies and procedures governing the activities ofsuch chapters, affiliates,and branches to ensure their operations are consistent with the organization's exempt purposes? 10b Ila Has the organization provided a complete copy ofthis Form 990 to all members of its governing body before filing the form? . Ila Yes b Describe in Schedule O the process,ifany,used by the organization to reviewthis Form 990 12a Did the organization have a written conflict of interest policy?If"No,"go toline 13 12a Yes b Were officers,directors,or trustees,and key employees required to disclose annually interests that could give rise to conflicts? . 12b Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy? If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? 14 Yes 15 Did the process for determining compensation of the following persons include a review and approval by independent persons,comparability data,and contemporaneous substantiation of the deliberation and decision? a The organization's CEO,Executive Director,or top management official 15a Yes b Other officers or key employees of the organization . 15b Yes If"Yes"to line 15a or 15b,describe the process in Schedule O (see instructions) 16a Did the organization invest in,contribute assets to,or participate in a joint venture or similar arrangement with a taxable entity during the year? . 16a Yes b If"Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law,and take steps to safeguard the organization's exempt status with respect to such arrangements? 16b Yes Section C. Disclosure „ 17 List the States with which a copy of this Form 990 is required to be filed► FL 18 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable),990,and 990-T (501(c) (3)s only)available for public inspection Indicate how you made these available Check all that apply F—ownwebsite Another's website F./Upon request F—Other(explain in Schedule O) 19 Describe in Schedule O whether(and if so, how)the organization made its governing documents,conflict of interest policy,and financial statements available to the public during the tax year 20 State the name,address,and telephone number of the person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH, FL 33407 (561)832-6776 Form 990(2015) Form 990 (2015) Page 7 Compensation of Officers, 6-fre-itors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check ifSchedu:e 0_contains a response or note to any line in this Part VII section Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees la Complete this table forall persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year a List all ofthe organization's current officers,directors,trustees (whether individuals or organizations), regardless of amount of compensation Enter-0- in columns (D),(E),and(F)if no compensation was paid •List all ofthe organization's current key employees,if any See instructions for definition of"key employee •List the organization's five current highest compensated employees (other than an officer,director,trustee or key employee) who received reportable compensation(Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC)ofmore than$100,000 from the organization and any related organizations e List all ofthe organization's former officers,key employees,or highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations e List all ofthe organization's former directors ortrustees that received,in the capacity as a former director or trustee ofthe organization,more than$10,000 of reportable compensation from the organization and any related organizations List persons in the following order individual trustees or directors,institutional trustees,officers, key employees, highest compensated employees,and former such persons Check this box if neither the organization nor any related organization compensated any current officer,director,or trustee (A) (B) (C) (D) (E) (F) Name and Title Average Position(do not check Reportable Reportablee"t TIstimated "'ti., a hours per more than one box,unless compensation compensation amount of week(list person is both an officer from the from related other any hours and a director/trustee) organization organizations compensation for relatedT. M -n (W- 2/1099- (W- 2/1099- from the 5 - _7 organizations 7 Z MISC) MISC) organization below LL and related dotted line) T1 IC organizations IV Z c-- (1)JULIE HYATT 2 00 ...................................................................... ................. X 0 0 0 VICE PRESIDENT (2)TIM COPPAGE 2 00 ...................................................................... ................. x 0 0 DIRECTOR (3)LYNN SOLOMON 2 00 mm ...................................................................... ................. X G 0 0 DIRECTOR (4)LOVETTA HARMON 2-00 ...................................................................... ................. 0 0 0 DIRECTOR --—--------——---------- (5)JEAN BAYOL 200 ...................................................................... ................. X 0 0 0 DIRECTOR (6)CARLA FLICK 200 5-I'D'E"N"T............................. ........... x 0 0 PRE ........... (7)BETTE ANNE STARKEY 2 00 ................. ...................................................................... X 0 0 SECRETARY (8)JOEY EICHNER 2 CIO mmIT ...................................................................... ................. 0 0 TREASURER (9)ROMIN CURRIER 2 00 ...................................................................... ................. x x 0 0 0 DIRECTOR (10)TERRI MURRAY 4000 ...................................................................... ................. X 93,874,' 3,874 0 0 EXECUTIVE DIRECTOR .............. Form 990(2 01 5) Form 990 (2015) Page 8 Section A. Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees(continued) (A) (B) (C) (D) (E) M Narne and Title Average Position (do not check Reportable Reportable Estimated hours per rnore than one box, unless compensation compensation amount of other week (list person is both an officer from the from related compensation any hours and a director/trustee) organization (W- organizations (W- from the for related r, -Tj 2/109 9-M ISC) 2/1099-NII SC) organization and organizations !4 CL related below Organizations dotted line) C 0 ca ID 'D 41 T r. lb Sub-Total . . . . . . . . . . . . . . . 110' c Total from continuation sheets to Part V11,Section A . . . . 0. d Total (add lines 1b and Sc) . . . . . . . . . . . 11. 93,874 2 Total number of individuals (including but not limited to those listed above)who received more than $100,000 of reportable compensation from the organization 0- Yes No 3 Did the organization list any former officer,director or trustee, key employee,or highest compensated employee on line la? If"Yes,"complete Schedule]forsuch Individual . . . . . . . . . . . . . . 3 No 4 For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If"Yes,"complete Schedule-7 forsuch Individual . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 No 5 Did any person listed on line is receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?If"Yes,"complete Schedule]forsuch person . . . . . . . . 5 No —Section B. Independent Contractors I Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization Report compensation for the calendar year ending with or within the organization's tax year (A) (B) Name and business address Description of services Compensation ........... 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 ofcompensation from the organization ► Form 990(2015) Form yeopoz5> Page y Form 990 (2015) Page 10 Statement of Functional Expenses �a Section 501fcV3? and 501(cc 4s organizations must com:,lete all columns All other organizations must complete column �A; Check if Schedule O contains a response or note to any line in this Part IX . . F Do not include amounts reported on lines 6b, (A) (B) (C) (D) 5,81b,9b,and 10b of Part VIII. Total expenses Program service Management and Fundraising expenses general expenses expenses _ .._..., _ �......... .. 1 Grants and other assistance to domestic organizations and domestic governments See Part IV,line 21 . . 2 Grants and other assistance to domestic individuals See Part IV,line 22 . . 3 Grants and other assistance to foreign organizations,foreign governments,and foreign individuals See Part IV,lines 15 and 16 . . 4 Benefits paid to or for members . . 5 Compensation ofcurrent officers,directors,trustees,and key employees 93,874'' 84,487 9,387 0 ......... _ 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1))and persons described in section 4958(c)(3)(B) . . 7 Other salaries and wages 283,198 254,878 28,320 0 8 Pension plan accruals and contributions (include section 401(k) and 403(b)employer contributions) . . 9 Other employee benefits . .... 10 Payroll taxes . 26,378 23,740 2,638 0 11 Fees for services (non-employees) a Management . . b Legal . . c Accounting . d Lobbying . . e Professional fundraising services See Part IV,line 17 f Investment management fees . . g Other(If line 11g amount exceeds 10% of line 25,column (A) amount,list line 11g expenses on Schedule 0) . . 12 Advertising and promotion 13 Office expenses . . 14 Information technology . . 15 Royalties 16 Occupancy . 43,80839,427 4,381 0 17 Travel 4,881 4,393 ' 488 0 18 Payments of travel or entertainment expenses for any federal, state,or local public officials 19 Conferences,conventions,and meetings 20 Interest . 9,826 8,843 983 0 21 Payments to affiliates . . 22 Depreciation,depletion, and amortization 392,060 352,854'' 39,206 0 23 Insurance 15,754 14,179 1,575 0 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 2S,column (A)amount,list line 24e expenses on Schedule O ) a ADVERTISING &MARKETING 607 546 61 —0 b LICENSES &FEES 2,110 1,899 211 0 c EQUIPMENT RENTAL 1,401 1,261 1401 0 d OFFICE EXPENSES 26,232 17,3271 8,905 0 e All other expenses 10,561 9,50-9 1,056 0 25 Total functional expenses.Add lines 1 through 24e 910,690 813,339 97,351 0 26 Joint costs.Complete this line only ifthe organization reported in column (B)joint costs from a combined educational campaign and fundraising solicitation Check here i F_iffollowing SOP 98-2 (ASC 958-720) Farm 990(2015) Form 990 (2015) Page 11 JOEM Balance Sheet Check if Schedule O contains a response or note to any line in this Part X (A) (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1.128,309p 1 1,208,756 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable, net . 106,099 3 4 Accounts receivable,net . 2,895 4 5,844 5 Loans and other receivables from current and former officers,directors,trustees, key employees,and highest compensated employees Complete Part II of Schedule L . . 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part +N. II of Schedule L � 6 N 7 Notes and loans receivable, net . 7 8 Inventories for sale or use . g 9 Prepaid expenses and deferred charges . , 147,245 9 130,399 10a Land,buildings,and equipment cast or other basis - Complete Part VI of Schedule D 10a 14,021,059'' b Less accumulated depreciation . lOb 1,687,355 12,923,074, 10c 12,333,704 11 Investments—publicly traded securties . 11 w_ _ .... ......................._www 12 Investments—other securities See Part IV,line 11 12 13 Investments—program-related See Part IV,line it 13 14 Intangible assets . 14 15 Other assets See Part IV,line 11 . 202,482 15 2,340,685 16 Total assets.Add lines 1 through 15 (must equal line 34) . 14,510,104 16 16,019,388 17 Accounts payable and accrued expenses 94,44217 84,150 18 Grants payable , .. 18 19 Deferred revenue 19 20 Tax-exempt bond liabilities 20 -...... .............— 21 Escrow orcustodial account liability Complete Part IV of Schedule D 21 cU 22 Loans and other payables to current and former officers,directors,trustees, C key employees, highest compensated employees,and disqualified persons Complete Part II of Schedule L . 22 cc - .�. J 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 1,279,524 24 2,841,666 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24) Complete Part X of Schedule D . 106,736 25 81,966 ...._ ..................... 26 Total Iiabilities.Add lines 17 through 25 . 1,480,702 26 3007,782 Organizations that follow SFAS 117(ASC 958),check here► I—V and complete lines 27 through 29,and lines 33 and 34. U r 27 Unrestricted net assets 13,029,402 27 13,011,606 m 28 Temporarily restricted net assets 28 29 Permanently restricted net assets 29 J _ L+ Organizations that do not follow SFAS 117(ASC 958),check here► F and O complete lines 30 through 34. 30 Capital stock or trust principal,or current funds 30 31 Paid-in or capital surplus,or land,building or equipment fund 31 32 Retained earnings,endowment,accumulated income,or other funds 32 Z 33 Total net assets or fund balances 13,029,402 33 13,011,606 34 Total liabilities and net assets/fund balances 14,510,104 34 16 019,388 Form 990(2015) N v o %D N i o "1 rn m o o L m � n v IR, 0 Z Z O 0) N0 n (01H .N_. ro Q1 H H ry ry ' f1 OD C) C ..-. m ,r ..,. O U- m N N M M O •°~ v io 3 N ro L n - -F- > > v v w L _ . = L ro N C Cl L p O C p O ' C n 'o w O w L u LO N L 0 U v a ro a ro v ro ro ro v 7 7 L v 7 Ov v - v x w O O x ro C m Q O L ro a aLi a o CL v L n v a v - :3 c L w w ro o O ro ro c ro '0 v c X . 7 X fll C ro v C �' C O N C O 0- L Y N A (0 C A ro w ro 7 u v 7 d ro �` .. i d v N v Y v 70 i v E O 7 01 ro aw d M w U L _0 V ro 7 C w ro L V, M 7 w...... V C ,0 u .2 w 0 C O w v E L Q L O - ro �O _ w U ro f1 ra w O +' w p ro V oL O i av-f C) C ` L w C i w �' v a w v N X N N .L] N ON O �-, w C N C c v 7 L A a E u E u ^ ro . _ w i d yv+ i N -0 r..+ C N • -6 y ro O 3: i i C u 7 U1 A d " v L C Ui v ro O ro O +-+ r9 (D O fo O_ m C N m w v ro u M o L ro ` - - E +� w ro u 0- � w y L ro L E v L N v C v v E L ro o o _ O -0 C o o c > c u E w 7 _ p w a' c - ay YO w ro -0 ro ro v w o- � v - C v 7 c c o v 7 ro v C L an a� c_ m_ v L v L o H o = E a ` o o ° v w v v w > w o o O v L v th, Q = v 0 @ _ p u L ro ro ro C u L ro 7 7 p >. n w U o E •i C]. E C O O C VLn E v L y D $ y y f0 C ry li C i f0 �- .0 O v 7 4- 01 E m v UJ U- O V L LL f0 N L ro C w N 01 M v U vi ro cu ou o E m >- C ro v E o o E 3 a ra > o cn V v C w w L w L '7 fL _ i _ O C d w C C v p PO w O +�+ w 0 i O L w w L O > LL, '6 C v L i ro w ro ro w O O Q O� >. ro N E = C L u ro v w Ufo CO U L CO v C L w rLo v z c ro ua o v C o v E � � U o U vc 7 C 0 o ro u a+w-' u L u - a L ro +_' 7 ro u 0. 11 ® O m y awi o W O o a roo *o-' ro o i U ro o n C ro 7 U) u w v v u �+ v v -0 c 3 E v m ® v � w o V) f^ w 0 C o o q- o _^ 0 m ro v 7 N r6 v C ro f6 .Fe 'o w ro of v w `� v w ry U C N w ro ro - O C s .y s�.f N w ro N v N f0 {� N 7 L C .f] C C L L L O L R ro - 20 Q,L In w 7 C L C ro w E v L _ L U O x 0 w O x w O U v of'O ® cn E a v M ro v C t;w a t0 w oc o LN rw° ynroi n rwa N ai o L Lo ro v u n .0 - ro n ro ro .` O x w a� c w c v v > ro u o �t v w w o v i v ro v �' E N ro ro ro �- L C Q) N w Q (n U v C v v L ^' v a w C v o c 0 p' v s L° v ow L p c 0 ' $ v w O ro i m L C ro O L N f0 O L C fq ro H U > N v N "O fU L N V a-+ 61 (ll v V L d v U O Q = fs fll 7 7 ro 'I.. C7 s4..1 v 7 w v v u w C C p 7 i v i U v ro O = Q =. N C w C w (1 L w 7 w ro w - w N w v 23 > y � > o u } � L v } N L rL -E romrE O O v v v O .C. L OJ p u u v w v ? ro = w u w C Cr v (T �- H fY z z a O Z u Q N ro .Q O N Q to N M a N m N co o+ ti w N M a u a efile GRAPHIC )rint - DO NOT PROCESS As Filed Data - DLN: 93493076002097 e �. ,REDUCE A OMB No 1545 0047 Public Charity Status and Public Support - - (Form 990 or Complete if the organization is a section 501(c)(3) organization or a section 990EZ) 4947(a)(1) nonexempt charitable trust. 2015 10, Attach to Form 990 or Form 990-EZ. r Department of the 10'Information about Schedule A (Form 990 or 990-EZ) and its instructions is at Treasury wwwd rs.a ov,l form 990. Internal Revenue Service Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Reason for Public Charity Status (All organizations must complete this part.) See Instructions. The organization is not a private foundation because it is (For lines 1 through 11,check only one box ) 1 F A church,convention of churches,or association of churches described in section 170(b)(1)(A)(i). 2 F A school described in section 170(b)(1)(A)(11).(Attach Schedule E (Form 990 or 990-EZ)) 3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii).Enter the hospital's name,city,and state 5 F— A n organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv).(Complete Part II ) 6 F— A federal,state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 FyA n organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II ) 8 r- A community trust described in section 170(b)(1)(A)(vi) (Complete Part II ) 9 F— An organization that normally receives (1) more than 331/3% of its support from contributions,membership fees,and gross receipts from activities related to Its exempt functions—subject to certain exceptions,and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax)from businesses acquired by the organization after lune 30, 1975 Seesection 509(a)(2).(Complete Part III ) 10 F— A n organization organized and operated exclusively to test for public safety See section 509(a)(4). F— An organization organized and operated exclusively for the benefit of,to perform the functions of,or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1)or section 509(a)(2) See section 509(a)(3).Check the box in lines Ila through l ld that describes the type of supporting organization and complete lines Ile, 11f,and 11g a F- Type I.A supporting organization operated,supervised,or controlled by its supported organization(s),typically by giving the supported organization(s)the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b Type II.A supporting organization supervised or controlled in connection with its supported organizaticn(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c F— Type III functionally integrated.A supporting organization operated in connection with,and functionally integrated with, its supported organization(s) (see instructions) You must complete Part IV,Sections A,D,and E. d F— Type III non-functionally integrated.A supporting organization operated in connection with its supported organization(s)that is not functionally Integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement (see Instructions) You must complete Part IV,Sections A and D,and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type I,Type II,Type III functionally integrated,or Type III non-functionally integrated supporting organization f Enter the number of supported organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . g Provide the following information about the supported organization(s) (i) (ii)EIN (iii) (iv) (v) (vi) Name of supported organization Type of Is the organization Amount of Amount of other organization listed in your governing monetary support support (see (described on lines documents (see instructions) instructions) 1- 9 above (see instructions)} Yes No .. For Paperwork Reduction Act Notice,seethe Instructions for Form 990 or 990EZ. Cat No 11285F Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ)2015 Page 2 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only If you checked the box on line 5, 7, or 8 of Part I or If the organization failed to qualify urder Part III. If the organization falls to qualify under the tests listed below, please complete Part III., —ection A. Public Support Calendar year (or fiscal year beginning in) (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total 1 Gifts, grants,contributions,and membership fees received (Do 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 not include any unusual grants ) 2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf � 3 The value of services or facilities mm furnished by a governmental unit to the organization without charge 4 Total.Add lines 1 through 3 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11,column (f) _ ............... 6 Public support.Subtract line 5 from line 4 14,803,484 Section B. Total Support Calendar year (or fiscal year beginning in)!► (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total 7 Amounts from line 4 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 S Gross income from interest, dividends,payments received on 169,6251,635,230 905,011 945,258 977,919 4,633,043 securities loans,rents, royalties and income from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 11 Total support.Add lines 7 w through 10 19,436,527 12 Gross receipts from related activities,etc (see instructions) 12 13 First five years.If the Form 990 is for the organization's first,second,third,fourth,or fifth tax year as a section 501(c)(3)organization, check this box and stol3 here . . . . . . . . . . . . . . . . . . . . . . . . . . ..... .. Computation of Public Su Section C. Com ... M .. p Support Percentage 14 Public support percentage for 2015 (line 6, column (f)divided by line 11, column (f)) 14 76 160 15 Public support percentage for 2014 Schedule A, Part II, line 1415 81 410 F----'- 16a 331/30/osupport test-2015.Ifthe organization did not check the box on line 13,and line 14 is 33 1/3% or more,check this box and stop here.The organization qualifies as a publicly supported organization F,/- b 33 1/3%support test-2014.If the organization did not check a box on line 13 or 16a,and line 15 is 33 1/3% or more,check this box and stop here.The organization qualifies as a publicly supported organization 0- F 17a 10%-fact s-and-circumst ancestest—2015.Ifthe organization did not check a box on line 13, 16a,or 16b,and line 14 is 10% or more, and if the organization meets the facts-and-circumstances test,check this box and stop here.Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization F b 100/6-facts-and-circumstances test-2014.If the organization did not check a box on line 13, 16a, 16b,or 17a,and line 15 is 10% or more,and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization pop Private foundation.Ifthe organization did not check a box on line 13, 16a, 16b, 17a,or 17b,check this box and see instructions PI F _.. Schedule A (Form 990 or 990-EZ) 2015 Schedule (Form 990 ore9o-EZ)2ozs Page 3 checkSupport Scliedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part H. If the organization fails to qualify under the tests listed ��w Reirt IL) Section A. Public Support Calendar year (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total Gifts,grants, contributions,and membership fees received (Do not include any "unusual grants 2 Gross receipts from admissions, merchandise sold or services performed,or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business Linder section 513 4 Tax revenues levied forthe organization's benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge 6 Total.Add lines I through 5 7a Amounts included on lines 1,2, and 3 received frorn disqualified persons b Amounts included an lines 2 and 3 received from other than disqualified persons that exceed the greater of$5,000 or 1% of c Add lines 7a and 7b a Public supportu (Subtract line 7c from line 6 ) L::� B. Total Support f i1scal year beginning in)0. 9 Amounts from line 6 10a Gross incorne from interest, dividends,payments received on securities loans, rents, royalties and mcorne frorn similar sources b Unrelated business taxable income (less section 511 taxes) from businesses acquired after c Add lines Ina and 10b I Net income from unrelated business activities not included in line 10b,whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part 13 Total support.(Add lines 9, 10c, 14 First five years—If the Form 990 is for the organization's first,second,third,fourth, or fifth tax year as a section 501(c)(3)organization, Section C. Computation of Public Support Percentage _i5 �ubh� support percentage for 20 15 (line 8,column (f)divided by line 13,colurrin (f)) 16 Public support percentage from 20 14 Schedule A, Part III, line 15 6 Section D. Computation of Investment Income Percentage :1177 0 .R Investment income percentage from 2014 Schedule A, Part III,line 17 18 EE 17 Investment income percentage for 2015(line I Oc,column (f)divided by line 13,column (f)) i 33 113%support tests-2015.If the organization did not check the box on line 14,and line 15 is more than 3 3 1/3%,and line 17 is not more than sz z13%,check this box and stop here.The organization q"axhesasapum/clysvpp"rtcdoroan/zatiun P,� [– b 33 1/3%support tests-2014.1fthe organization did not check a box on line 14 or line 19a,and line 16 is more than 33 1/s% and line 18 /onot more than 3a 1/3%,check this box and stop here,The organization qualifies as a publicly supported organization F 20 Private foundation.If the organization did not check a box on line 14, 1 9a,or 19b,check this box arid see instructions k~ Schedule A (Form 990 or 990-EZ)2015 Page 4 Supporting organizations (Complete only ifyou checked a box on line 11 of Part I If you checked lla of Part I,complete Sections A and B If you checked 11b of Part I,complete Sections A and C If you checked 11c of PartI,complete Sections A, D,and E If you checked 11d of Part I,comylete Sections A and D,and complete Part V i Section A. All Supporting Organizations _...., .. Yes No 1 Are all ofthe organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated If designated by class or purpose, describe the designation If historic and continuing relationship,explain i 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1)or(2)? If"Yes,"explain In Part VI how the organization determined that the supported organization was described in section 2 509(a)(1)or (2) 3a Did the organization have a supported organization described in section 501(c)(4),(5),or(6)? If"Yes,"answer(b)and(c)below 3a .w.n. b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5),or(6)and satisfied the public support tests under section 509(a)(2)? If"Yes,"describe in Part VZ when and how the organization made the determination 3b c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? 3c If"Yes,"explain In Part VI what controls the orgamzatron put I place to ensure such use 4a Was any supported organization not organized in the United States ("foreign supported organization")? If"Yes"and if you checked Ila or 11b in Part I,answer(b)and(c)below 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If"Yes,"describe In Part VI how the organization had such control and discretion despite being controlled or supervised 4b by of in connection with Its supported organizations c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1)or(2)? If"Yes,"explain In Part VI what controls the organization used to ensure that all support to the foreign supported 4c organization was used exclusively for section 170(c)(2)(8)purposes - Sa Did the organization add,substitute,or remove any supported organizations during the tax year? If"Yes,"answer(b)and(c)below (if applicable) Also,provide detail In Part VI,Including(I)the names and EIN numbers of the supported organizations added,substituted,or removed, (it)the reasons for each such action,(III)the authority under the organization's organizing document authorizing such action,and(iv)how the action was accomplished(such as by amendment to the organizing document) 5a b Type I or Type II only.Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only.Was the substitution the result of an event beyond the organization's control? 5c 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities)to anyone other than (a) its supported organizations, (b)individuals that are part of the charitable class benefited by one or more of its supported organizations, or(c)other supporting organizations that also support or benefit one or more of the filing organization's supported organizations? If"Yes,"provide detail in Part VZ. 6 7 Did the organization provide a grant, loan,compensation,or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)),a family member of a substantial contributor,or a 35-percent controlled entity with regard to a substantial contributor? If"Yes,"complete Part I of Schedule L(Form 990) 7 8 Did the organization make a loan to a disqualified person (as defined in section 49 58)not described in line 7? If"Yes,"complete Part 11 of Schedule L(Form 990) 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509 (a)(1)or(2))? If"Yes,"provide detail in Part VZ. 9a b Did one or more disqualified persons (as defined in line 9(a))hold a controlling interest in any entity in which the v supporting organization had an interest? If"Yes,"piovide detail in Part VZ. 9b c Did a disqualified person (as defined in line 9(a))have an ownership interest in,orderive any personal benefit from,assets in which the supporting organization also had an interest? If"Yes,"piovide detail in Part VZ. 9c 10a Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations,and all Type III non-functionally integrated supporting organizations)? If"Yes,"answer b below 10a b Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings) 106 1 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b)and (c) below, the governing body of a supported organization? 11a b A family member of a person described in (a)above? 11b c A 350% controlled entity of a person described in (a)or(b)above?If"Yes"toa,b,orc,provide detail In Part VI iic -- Schedule A (Form 990 or 990-EZ)2015 Schedule A (Form 990 or 990-EZ)2015 Page 5 Supporting Organizations (continued) 1 Action_B Type I Supporting Organizations m Yes No 1 Did the directors,trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year? If"No,"describe in Part VZ how the supported organization(s)effectively operated,supervised,or controlled the organization's activities If the organization had more than one supported organization,describe how the powers to appoint andlor remove directors or trustees were allocated among the supported organizations and what conditions or restrictions,if any,applied to such powers during the tax year 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised,or controlled the supporting organization? If"Yes,"explain in Part VZ how providing such benefit carried out the purposes of the supported olganization(s)that operated,supervised or controlled the supporting organization 2 - .— Section C Type II Supporting Organizations _ —Yes..__..No. 1 Were a majority of the organization's directors or trustees during the tax year also a ma]ority of the directors or trustees of each of the organization's supported organization(s)? If"No,"describe in Part VZ how control or management of the supporting organization was vested to the same persons that controlled or managed the supported organization(s) 1 Section D. All Type III Supporting Organizations Yes No 1 Did the organization provide to each of its supported organizations,by the last day of the fifth month of the organization's tax year, (1)a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification,and (3)copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 2 Were any of the organization's officers,directors,or trustees either(i)appointed or elected by the supported organization(s)or(ii)serving on the governing body of a supported organization? If"No,"explain in Part VZ how the organization maintained a close and continuous working relationship with the 2 supported organization(s) 3 By reason of the relationship described in (2),did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year? If"Yes,"describe in Part VZ the role the organization's supported organizations played in this regard 3 Section E. Type III Functionally-Integrated !up rtin Organizations _ I Check the box next to the method that the organization used to satisfy the Integral Part Test during the year(see instructions) a F— The organization satisfied the Activities Test Complete line 2 below b F— The organization is the parent of each of its supported organizations Complete line 3 below c F— The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a) and(b) below. Yes No a Did substantially all of the organization's activities during the tax year directly further the exempt purposes ofthe ...__- supported organization(s)to which the organization was responsive? If'Yes,"then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes,how the organization was responsive to those supported organizations,and how the organization determined that these activities constituted substantially all of its activities 2a b Did the activities described in (a)constitute activities that,but for the organization's involvement,one or more of the organization's supported organization(s)would have been engaged in? If"Yes,"explain in Part VZ the reasons for the organization's position that its supported organizations) would have engaged in these activities but for the organization's involvement 2b 3 Parent of Supported Organizations Answer(a) and(b) below. ................... . a Did the organization have the power to regularly appoint or elect a majority of the officers,directors,or trustees of each of the supported organizations? Provide details in Part VI 3a b Did the organization exercise a substantial degree of direction over the policies,programs and activities of each of its supported organizations?If"Yes,"describe in Part VI the role played by the organization in this regard 3b Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 6 Type %%I Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 See instructions.All other TIVDe III non-functionally ante crated suYhortmn,, on anizations must complete Sections A throu jh E ...� Section A - Adjusted Net Income (A)Prior Year (B)Current Year (optional) 1 Net short-term capital gain 1 2 Recoveries of prior-year distributions 2 3 Other gross income (see instructions) 3 _ww 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 Portion of operating expenses paid or incurred for production or collection of 6 gross income or for management,conservation,or maintenance of property held for production of income (see instructions) 6 7 Otherexpenses (see instructions) 7 w.. �...... .. . _.. .... 8 Adjusted Net Income(subtract lines 5,6 and 7 from line 4) 8 _....... .w .......... Section B - Minimum Asset Amount (A)Prior Year (B)Current Year (optional) _ .._...... 1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year) 1 a Average monthly value of securities la b Average monthly cash balances fd Fair market value of other non-exempt-use assets d Total (add lines la, lb,and 1c) Discount claimed for blockage or other factors e (explain in detail in Part VI) 2 Acquisition indebtedness applicable to non-exempt use assets 2 3 Subtract line 2 from line 1d 3 4 Cash deemed held forexempt use Enter 1-1/2% of line 3 (forgreater amount,see instructions) 4 _____............ . 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 6 Multiply line 5 by 035 6 7 Recoveries of prior-year distributions 7 8 Minimum Asset Amount (add line 7 to line 6) 8 Section C - Distributable Amount Current Year I Adjusted net income for prior year(from Section A, line 8,Column A) 1 2 Enter 85% of line 1 2 3 M inimum asset amount for prior year(from Section B,line 8,Column A) 3 4 Enter greater of line 2 or line 3 4 5 Income tax imposed in prior year 5 6 Distributable Amount.Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6 7 Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) F_ Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 7 Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section D - Distributions _ Current Year Amounts paid to supported organizations to accomplish exempt purposes A mounts paid to perform activity that directly furthers exempt purposes of supported organizations,in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2015 from Section C,line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (i) instructions) Excess Distributions Underdist ribut ions Distributable pre-2015 Amount for 2015 1 Distributable amount for 2015 from Section C, line 6 2 Underdistributions, if any,for years prior to 2015 (reasonable cause required--see instructions) 3 Excess distributions carryover, if any,to 2015 r. 8 d From 2013. . . . . . . I _. ... ..... ..... e From 2014. I f Total of lines 3a through e _ ......_.. ....,W_ _ ., g Applied to underdistributions of prior years h Applied to 2015 distributable amount i Carryover from 2010 not applied (see instructions) j Remainder Subtract lines 3g,3h,and 31 from 3f 4 Distributions for 2015 from Section D, line 7 5 a Applied to underdistributions of prior years b Applied to 2015 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions foryears priorto 2015, if any Subtract lines 3g and 4a from line 2 (if amount greater than zero,see instructions) 6 Remaining underdistributions for 2015 Subtract lines 3h and 4b from line 1 (if amount greater than zero,see instructions) 7 Excess distributions carryover to 2016.Add lines 3I and 4c 8 Breakdown of line 7 ._. ..... _w....... . ......_. a mm� Excess from 2013 ._......... d From 2014. . . . . . . _. ._...___ __.... e From 2015. . . . Schedule A (Form 990 or 990-EZ) (2015) 00 Ln a, o uj N N nj N W , cv c c Ch L L '� O (� U) M L1J d 4J c Cf C O cri C N N IL C C N (11 v +� u> U ri 4-1 Gl L � H N U) r V d ' — to ~ C L LLfB En fu C O ,-I a O V L U V C O ,-I 0) C L (D a N [u 4-J Lf) ++ d c L N N x _ u w c fa = c. (a '-I _ E � fu O L +. u N 4-- LI) N C N V) t� C > M i c U 4-' o 4-) � Q- a Q Leo . -o ro - vm a ry u cn (1) LCL V C (U >= L L " m O C 0- c i fu �u'a0 M u 1 E om a� � � CD - , c_ N (ON — > C 4-+ 4J CLL Q a) c a E CD m x o - rn lwO c + ,-i uu v C o E Q cn C= 0 � o >> CL 0 U LL N d (n a- a- t� Q - CC QP a) L ' U + Ln efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493076002097 SCHEDULE D Supplemental Financial Statements OMB No, 1545-0047 (Form 990) I►Complete if the organization answered"Yes,"on Foran 990, Part IV,line 6,7,8,9,10,Ila,llb,11c,11d,Ile,ilf,12a,or 12b. 20 15 Department of the ►Attach to Form 990. Treasury Information about Schedule D(Form 990)and its instructions is at www.irs.cov/form990. ', - u„ Internal Revenue Service Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Comialete If the oraanlzatlon answered "Yes" on Form 990, Part IVP line 6,. (a) Donor advised funds_ (b)Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from(during year) 4 Aggregate value at end of year 5 Chid the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property,subject to the organization's exclusive legal controls FYes FNo 6 Did the organization inform all grantees,donors,and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor,or for any other purpose conferring inrpernissble private benefits _...__� i ._...�. �Yes �No ®= Conservation Easements. Complete if the organization answered "Yes on Form 990, Fart IV, line 1. ..... a..........a.__. I Purpose(s)of conservation easements held by the organization(check all that apply) Preservation of land for public use(e g ,recreation or education) Preservation of an historically important land area F_ Protection of natural habitat Preservation of a certified historic structure (— Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of conservation easement on the last day of the tax year Held at the End of the Year a Total number of conservation easements 2a is Total acreage restricted by conservation easements 2b c N Limber of conservation easements on a certified historic: structure included in(a) 2c d Number of conservation easements included in(c)acquired after 8/17/06,and not on a historic structure listed in the National Register 2d 3 Number of conservation easements modified,transferred,released,extinguished,or terminated by the organization during the tax year 0� 4 Number of states where property subject to conservation easement is located lb� 5 Does the organization have a written policy regarding the periodic monitoring,inspection, handling of violations,and enforcement of the conservation easements it holds? Yes r No 6 Staff and volunteer hours devoted to monitoring,inspecting,handling of violations,and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring,inspecting,handling of violations,and enforcing conservation easements during the year ►$ 8 Does each conservation easement reported on line 2(d)above satisfy the requirements of section 170(h)(4) (B)(i)and section 17 0(h)(4)(B)(ii)? FYes F_No 9 In Part XIII,describe how the organization reports conservation easements in its revenue and expense statement,and balance sheet,and include,if applicable,the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements 03 Organizations Maintaining Collections of Art,-Historical Treasures, or Other Similar Assets. C,crrtalte if the organization answered "Yes" on Form 990, part IV, line 8. is If the organization elected,as perrriitted under SFAS 115 (ASC 958),not to report in its revenue staternent and balance sheet works of art, historical treasures,or other similar assets held for public exhibition,education,or research in furtherance of public service,provide,in Part XIII,the text of the footnote to its financial statements that describes these items is if the organization elected,as permitted under SFAS 116 (ASC: 958),to report in its revenue statement and balance sheet works of art,historical treasures,or other similar assets held for public exhibition,education,or research in furtherance of public service,provide the following amounts relating to these items (i) Revenue included on Foran 990,part VIII,line 1 $ (it)Assets included in Form 990,Part X 2 If the organization received or held works of art,historical treasures,or other similar assets for financial gain,provide the following amounts required to be reported under SFA S 115 (ASC 958)relating to these items a Revenue included on Form 990,Part VIII,line 1 s in Assets included in Form 990,Part X 10$ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5 2283 D Schedule D(Form 990)2015 Schedule D (Form 990)2015 Page 2 i Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets ® yconGnuedd 3 Using the organization's acquisition,accession,and other records,check any of the following that are a significant use of Its collection Items (check all that apply) a [_ Public exhibition d F_ Loan or exchange programs b r Scholarly research e r Other c F_ Preservation for future generations 4 Provide a description of the crganization's collections and explain how they further the organization's exempt purpose in Part XIII 5 During the year,did the organization solicit or receive donations of art, historical treasures or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? Yes No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. la Is the organization an agent,trustee,custodian or other intermediary for contributions or other assets not Included on Form 990,Part X7 F_Yes F_No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount c Beginning balance lc d Additions during the year ld e Distributions during the year ie f Ending balance if 2a Did the organization include an amount on Form 990,Part X,line 21,for escrow or custodial account liability? rYes F_No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . . ❑ Endowment Funds. Complete If the organization answered "Yes" to Form 990, Part IV, line 10. (a)Current year (b)Pnor year b(c)Two years back (d)Three years back (e)Fouryears back la Beginning ofyear balance 1, b Contributions c Net investment earnings,gains,and losses d Grants or scholarships e Other expenditures forfacilities and programs f Administrative expenses . . g End ofyear balance 2 Provide the estimated percentage of the current year end balance(line 1g,column (a))held as a Board designated or quasi-endowment 0- b b Permanent endowment► c Temporarily restricted endowment► The percentages on lines 2a,2b,and 2c should equal 100% 3a Are there endowment funds not in the possession of the organization that are held and administered for the _ organization by Yes No (i) unrelated organizations . 3a(i) (ii) related organizations . 3a(ii) b If"Yes" on 3a(ii),are the related organizations listed as required on Schedule R? 3b ' 4 Describe in Part XIII the intended uses of the organization's endowment funds Land, Buildings, and Equipment. Complete If the organization answered 'Yes' to Form 990, Part IV, line lla.See Form 990, Part X, line 10. Descnptionofproperty (a) Cost or other Accumulated (d)Bookvalue Cost or other basis (b)basis(other) (c)depreciation (investment) la Land , 736,863 736,863 b Buildings 13,231,063 1,638,019 11,593,044 c Leasehold improvements d Equipment . 44,381 40,994, 3,387 e Other . 8,752 _ 8,342 410 . . .. �. Total.Add lines la through le (Column (d)must equal Form 990,Part X,column(8),hne 10(c)) ► 12,333,704 Schedule D(Form 990) 2015 Schedule D(Form 990)2015 Page 3 Investments—Other Securities.Complete If the organization answered'Yes'on Form 990, Part IV,line llb. See Form 990. Part Xy Ilne 12. (a)Description of security or category i (b)Book value (c)Method ofvaluation (!ncuding name of security) i Cost or end-of-year market value (1)Financial derivatives .-� .. ... ma. . _._.�. (2)Closel y-held equity interests (3)O t her -.... ..... ._._._-- ,__....... ......... ....... ...a.... ,.,..... I . .m., ,�....�— .................... __.. ......,. ___............ ..,,.u.�__. .�..� ..I T�z t W.(Column(b)must equal Fomr 990,Part X,co!(8)line 12) � Investments—Program Related. Complete If the organization answered'Yes'on Form 990,Part IV,line 11c-See Form 990,. Part X, line 13. (a)Descr ation of investment (b)Book value (c)Method of valuation Cost or end-of-year market value ....,� a__.......... ....... . I _._......—..... Total.(Column(b)must equal Fomr 990,Part X,col(B)line 13) Other Assets.Com Clete if the ortanization answered'Yes'an Form 990,Part IV line Sid See For 990 Part X,lane 15 (a)Description (b)Book value (4) 10 t 2TY UNDER D-Vm1_0'PMENT 2,332,512 2;DEPOSITS; _ 8,173 ___.__.-...._ — �..,..,. .a.,,,w.�. `�__. ..... _._. ..... .. ......_ .......... Total.(Column(b)must equal Form 990,Part X col(B)line IS) ► 2,34 0,685 Other Liabilities.Complete If the organization answered Yes on Form 990,Part IV,line Ile or llf, See Form 990,Part X, line 25. 1• (a)Description ofliabilrty (b)Book value .... Federal income taxes SECURITY DEPOSITS j 81,966 DEFERRED GRANT REVENUE ............... I f Total.(Column(b)must equal Form 990,Part X,col(B)line 25) 81,966 2.Liability for uncertain tax positions In Part XIII,provide the text ofthe footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48(ASC 740) Check here ifthe text ofthe footnote has been provided in Part XIII r Schedule D(Form 990)2015 Ln 0 ru s 1Y CL G C � o L '0 O 0 LL _ L co .. L 7 M � C d ra40 41 c aJ 7 L _ O M N O u C a N d VI .Q o O a r0 Q 0 O. 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O U ` O ca Q > O N N N co � U 4-- O O (0 U 'O C C C � O a a-+ U CD N C L � � 0 L- C O w H -Q N � a) } N O CD N N a o a a) O c L 7 � ti 0) � T�! LO �.r T r ++ D1 I 01 O cv c cu o Q�{ W M T LO T M W M N T- T N T L.L Cr) J � 0 W Z U) O W ET LL W C _ O Ip L O H C _ QJ d d N G N N O L L P rUw m w O O L LL efile GRAPHIC riot- DO NOT PROCESS As Filed Data - DLN:93493095001166' Form99 Return of Organization Exempt From Income Tax k,)P,ri No 1545-0047 Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 1 Department ofthe Treasury ►Do not enter social security numbers on this form as it may be made public Internal Revenue Service P ►Information about Farm 990 and its instructions is at www.IRS.jov%form990 A For the 2014 calendar year,or tax year beginnin 10-01-2014 ,and endin 09-30-2015 _ 6 Check if applicable Name of organization D lamployms identification number NEIGHBORHOOD RENAISSANCE INC I®Add Bess change u 5-D'352279 Name change Doing business as (g mural retmu --- - •-- E Telephone number Final Number and street(or P 6 box if mail is not delivered to street address} Roarer"suite (�return/terrninated 510-24 STREET (561)832-6776 ..).r,......_. Atrrended returer ----city or town,state or provQnce,country,and ZIP or foreign postal Bode � [—Application pending P is WEST PALM BEACH,FL 33407 G Gross receipts 1,757,122 F Name and address of principal officer H a ( ) Is this a group return for CARLA FLICK subordinates? FYes I No 221 34TH STREET WEST PALM BEACH,FL 3348E H(b) Are all subordinates FYes I®No ,..m.- a Included? Lr Tax-exempt status F 501(c)(3) F 501(c) (Insert no I®4947(x)(1)or (®527 If"No,"attach a list (see Instructions) 3 Website:Iv- NIA _ w H(c) Group exemption number K Farm of organrzatron IT corporation F Trust F Association F Other 0, L Year of formation 1992 M11 State of lpas I domicile FL loan Summary 1 Briefly describe the orctamzation's mission or most significant activities COMMUNITY DEVELOPMENT ILI r 2 C heck this box f"lone organization-discontinued its operations or disposed of more than 25%of Its net assets yl 3 Number of voting members ofthe governing body(Dart VI,line 1a) . 3 10 y„ 4 Number ofindependentvoting members ofthe governing body(Part VI,line lb) . . . . 4 10 5 Total nurnber of individuals employed in calendar year 2014 (Part V,line 2a) . . . . . . 5- 6 5 Total number of volunteers(estimate if necessary) . 6 ITIT7 7a Total unrelated business revenue from Part VIII,column(C),line 12 . . . . . . 7a w 0 In Net unrelated business taxable income from Form 990-Tp line 34 . 7b ... .._.....,.. ....-..,__.... ...,._ Prior Year Current Year 8 Contributions and grants(Part VI 11,line Ih) . ..................589,69i' _.,..........m-- _.....,_._. - 4oC7,659 9 Prograrn service revenue(Part VIII,line 2g) , 255,163 230,747 10 investment Income(Part VIII,column(A),lines 3,4,and 7d) 467 123,623 11 Other revenue(Part VIII,column(A),lines 5,6d,8c,9c,10c,and Ile) 403,156 73,590 12 Total revenue—add lines 8 through 11 (must equal Part VIII,column(A),line 12) 1,248,417 888,619 13 Grants and similar amounts pa.d(Part IX,column(A),lines 1-3) 0 14 Benefits paid to orfor members(Part IX,column(A),line 4) . 0 15 Salaries,other compensation,employee benefits(Part IX,column(A),lines 404,893...,,,._ ._ 404,955 5-1D) 16a Professional fundraising fees(Part IX,column(A),line Ile) 0 ty In Total fund ralclnu expenses(Part IX,column{p),line 25} 0••• 6� 17 Cather expenses(PartlX,column(A),lines Ila-I1d,Ilf-24e) , 635_3 . 518,931 18 Total expenses Add lines 13-17(must equal Part IX,column(A),line 25) 1,040,828 923,886 19 Revenue less expenses Subtract line 18 from line 12 _. 207,589 W 35,267 .. _ .... ...m. .-m_. 31 Q, Beginning of Current End of Year 4 E Year 4 .. 20 Total assets(Part X,line 1€I) . . 15,174.... ,780 14,110,1064 .._ m 21 Total liabilities(Part X,line 26) . 2,044,931 1,480,702 .. .. ......_. a 22 Net assets or fund balances Subtract line 21 from line 20 . 13,129,849 13,029,462 °= Signature Block U nder penalties of penury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowledge Sign S€gnature e f o ticor w.. Dote Here cARLFtJ PResareN Type or pont name and title -,..� ._..m .. ..m..�..,, Pant,/Type preparers namePreps Teras signature Date Check f-=cf RICHARD LKA 6(P%SN 'ELE5 --_. RICHARD LKARPELES 2615-04-04 Paid _.,......._... _........ Firm's name 10-FRIEDMAN FELDFIESSER R KARPELES CPA LIC Firm Ella N- Pre pare r Use Only Firrn's address X641€JNIVERSIFY BLVD STE 210 Phone no (561)622-9990 JUPITER,FL 33459 May the IRS discuss this return with the preparer shown above'(see instructions) FYes(�'�o .-...-.�...,..Act _..�. w. .............._... .....) For—Paperwork @2eductionPtotice,seethe:,.eparateinstruc2nons. Cat No 11282Y.... Form9C)(2D14) N � ai L z � w m F O a Z Z L L " LU 0w ffl Vl 0 p y w p - O } } L O Ip Z U- L L L E � " w c 0 O O Y u " m Q m u O , o F �n = • w � w U v O err u ' O L m Q. EE c w 0 > > • —_ 01 L m F O Q O L 7 L O J 7 W w y (O "n O > > E W w L YZ d u u m w - L w CL wCd L m O Y i U O m ;, Y 1!1 O- Q L a..i L O 0w " O O Y " C L O C C • U w 0 iZr C C L m L 0- c w 7 w > (V Q' Ot C L Q O E _ O >- ol N u t00o N j Z C C u t Y w L u F V {� O L • Y • mw C 1=i C C ea L " • m E C ® m m U Vi O C L O c a (� N O V .-i m lfl U p m w CD E C L co 0 L ,� Q w O _ " U m O_ Z O O co (hQ. U w O u p1= Q w O V O ',, C • L � w m U o m Ln CL m u E 7 w ^ w Q U c U o u V L w eL w O w L w i „�w u U L C O En N CD e O � U w - T 0H N C IA " E " c N " o c w u ar c Y c m " C '., " T U u O In �- N �-O N w m c Ln L 'n J1 d Jt c O �. w w O C w W d _ n a u NN OIo ++ y N " o a' L � x w w x x U� w " O " N m w 3 u m p m w w� w w w e L O - w w -c �n > a Z O v a w m w O c " u c u v cn w 1 X w rn z 'a rn w m w (1) N ® � O W 7 L N U w m p C Z)Ln u Cl W w 2: C O L C C N W m w Of > Y C L i O_ 0 0 Y O C In Ln D i w m c " a Z w � � w O m0' w m n p - w zQ � Q " E EW L E N L N O u C d J GD Y u U � " W O O w m w L N x Of LU U w w ❑ L LL "O +' w W O in o Z _ NL '-+ ❑ Y❑ 0 CL ai W CL Ua w wQ O❑ xr OV vOq H Form 990 (2014) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3)or4947(a)(1)(otherthan a private foundation)?If"Yes," Yes complete Schedule As . [—I- 2 Is the organization required to complete Schedule 8,Schedule of Contributors (see instructions)? . 2 No 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in apposition to No candidates for public office? If"Yes,"complete Schedule C,Part I . 3 4 Section 501(c)(3)organizations.Did the organization engage in lobbying activities,or have a section 501(h) No election in effect during the tax year?If"Yes,"complete Schedule C,Part II . . . 4 5 Is the organization a section 501(c)(4),501(c)(5),or501(c)(6)organization that receives membership dues, assess ments,orsimilaramounts as defined in Revenue Procedure 9 8-19 7 If"Yes,"complete Schedule C, Part III . 5 N o 6 Did the organization maintain any donor advised funds or any simi[arfurids or accounts forwhich donors have the right to provide advice on the distribution or investment ofamounts in such funds or accounts?If"Yes,"complete Schedule D,Part I . 6 N o 7 Did the organization receive or hold a conservation easement,including easements to preserve open space, the environment,historic land areas,or historic structures?If"Yes,"complete Schedule D,Part II . 7 No 8 Did the organization maintain collections ofworks of art,historical treasures,or other similar assets?If"Yes," complete Schedule D,Part III . 8 No 9 Did the organization report an amount in Part X,line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X,or provide credit counseling,debt management,credit repair,or debt negotiation services?If"Yes,"complete Schedule D,Part IV . 9 No 10 Did the organization,directly or through a related organization,hold assets in temporarily restricted endowments, 10 No permanent endowments,or quasi-endowments?If"Yes,"complete Schedule D,Part V . . 11 Ifthe organization's answer to any ofthe following questions is "Yes,"then complete Schedule D,Parts VI,VII, VIII,IX,or as applicable a Did the organization report an amount for land,buildings,and equipment in Part X,line 10? If"Yes,"complete Schedule D,Part VI.19� . Ila Yes b Did the organization report an amount for investments—other securities in Part X,line 12 that is 5% or more of its total assets reported in Part X,line 167 If"Yes,"complete Schedule D,Part VII . Ilb No .Did the organization report an amount for investments—program related in Part X,line 13 that is 5% or more of its total assets reported in Part X,line 167 If"Yes,"complete Schedule D,Part VIII . . . Slc No d Did the organization report an amount for other assets in Part X,line 15 that is 5% or more of its total assets reported in Part X,line 167 If"Yes,"complete Schedule D,PartlXQffl . . . . . . . . lld Yes e Did the organization report an amount for other liabilities in Part X,line 257 If"Yes,"complete Schedule D,Part Au Ile Yes If Did the organization's separate or consolidated financial statements for the tax year include a footnote that llf No addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)7 If"Yes,"complete Schedule D,Part X . . . . 12a Did the organization obtain separate,independent audited financial statements for the tax year? If'Yes,"complete Schedule D,Parts XI and XII 191 . 12a Yes b Was the organization included in consolidated,independent audited financial statements for the tax year?If g2b No "Yes,"and if the organization answered'Wo"to line 12a,then completing Schedule D,Parts XI and XII is optional 13 Is the organization a school described in section 170(b)(1)(A)(11)?If"Yes,"complete Schedule E 13 No 14a Did the organization maintain an office,employees,or agents outside of the U nited States? . 14a No b Did the organization have aggregate revenues or expenses of more than$10,000 from grantmaking,fundraising, business,investment,and program service activities outside the United States,or aggregate foreign investments valued at$100,000 or more? If"Yes,"complete Schedule F Parts I and IV . 14b No 15 Did the organization report on Part IX,column(A),line 3,more than$5,000 of grants or other assistance to or for any foreign organization?If"Yes,"complete Schedule F,Parts II and IV 15 No 16 Did the organization report on Part IX,column(A),line 3,more than$5,000 of aggregate grants or other assistance to or for foreign individuals?If"Yes,"complete Schedule F,Parts III and IV . 16 No 17 Did the organization report a total of more than$15,000 of expenses for professional fundraising services on Parti 17 No IX,column (A),lines 6 and lle?If"Yes,"complete Schedule G,Partl(see instructions) . . 18 Did the organization report more than$15,000 total offundraising event gross income and contributions on Part VIII,lines lc and Sa?If"Yes,"complete Schedule G,Part 11 . 18 No 19 Did the organization report more than$15,000 of gross income from gaming activities on Part VIII,line 9a?If 19 No "Yes,"complete Schedule G,Part III . . 20� Did the organization operate one or more hospital facilities?If"Yes,"complete Schedule H . 20a No If"Yes"to line 20a,did the organization attach a copy of its audited financial statements to this return? 20b Form 990(2014) Fu... 990 (2014) Page 4 Checklist of Required Schedules (continued) 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 No domestic government on Part IX,column (A),line 17 If"Yes,"complete Schedule 1,Parts 1 and 11 22 Did the organization report more than$5,000 of grants or other assistance to or for domestic individuals on Part 22 ry IX,column (A),line 2?If"Yes,"complete Schedule 1,Parts I and III . No 23 Did the organization answer"Yes"to Part VII,Section A,line 3,4,or 5 about compensation ofthe organization's current and former officers,directors,trustees,key employees,and highest compensated employees?If"Yes," 23 No complete Schedule J . . 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than$100,000 as ofthe last day ofthe year,that was issued after December 31,20021)If"Yes,"answer lines 24b through 24d and complete Schedule K.If"No,"go to line 25a . 24a No b Did the organization invest any proceeds oftax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrowaccount otherthan a refunding escrow at any time during the year to defease any tax-exempt bonds? . 24c d Did the organization act as an"on behalf of issuer for bonds outstanding at any time during the year? . 24d 25a Section 501(c)(3),501(c)(4),and 501(c)(29)organizations.Did the organization engage in an excess benefit transaction with a disqualified person during the year?If"Yes,"complete Schedule L,Part . 25a No b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year,and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?If 25b No "Yes,"complete Schedule L,Part I . . 26 Did the organization report any amount on Part X,line 5,6,or 22 for receivables from or payables to any current or former officers,directors,trustees,key employees,highest compensated employees,or disqualified persons? 26 No If"Yes,"complete Schedule L,Part II . . 27 Did the organization provide a grant or other assistance to an officer,director,trustee,key employee,substantial contributor or employee thereof,a grant selection committee member,or to a 35% controlled entity or family 27 No member of any of these persons?If"Yes,"complete Schedule L,Part III . . Was the organization a party to a business transaction with one ofthe following parties (see Schedule L,Part IV instructions for applicable filing thresholds,conditions,and exceptions) a A current or former officer,director,trustee,or key employee?If"Yes,"complete Schedule L,Part IV . 28a No b A family member of a current or former officer,director,trustee,or key employee?If"Yes," complete Schedule L,Part IV . 28b N o c An entity ofwhich a current or former officer,director,trustee,or key employee (ora family member thereof)was an officer,director,trustee,or direct or indirect owner?If"Yes,"complete Schedule L,Part IV . 28c No 29 Did the organization receive more than$25,000 in non-cash contributions?If"Yes,"complete Schedule M 29 No 30 Did the organization receive contributions of art,historical treasures,or other similar assets,or qualified conservation contributions? If"Yes,"complete Schedule M . 30 No 31 Did the organization liquidate,terminate,or dissolve and cease operations?If"Yes,"complete Schedule N, Part I . 31 No 32 Did the organization sell,exchange,dispose of,or transfer more than 25% of its net assets?If"Yes,"complete Schedule N,Part II . 32 N o 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3?If"Yes,"complete Schedule R,PartI . 33 No 34 Was the organization related to any tax-exempt or taxable entity? If"Yes,"complete Schedule R,Part ll,III,or IV, and Part V,line 1 . :34TN o 35a Did the organization have a controlled entity within the meaning of sec tion 512(b)(13)? 3N o b If'Yes'to Ie 35a,did the organization receive any payment from or engage in any transaction with a controlled W entity within the meaning of section 512(b)(13)?If"Yes,"complete Schedule R,Part V.line . 35b No 36 Section 501(c)(3)organizations.Did the organization make any transfers to an exempt non-charitable related organization?If"Yes,"complete Schedule R,Part V,line . 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?If"Yes,"complete Schedule R,Part V7 37 No 38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI,lines l lb and 19? Note.All Form 990 filers are required to complete Schedule O 38 Yes Form 990(2014) Form 990 (2014) Page 5 Statements Regarding ()they IRS Filings and Tax Compliance Check if Schedule O contains a resgonse or note to ank line in this Part V . . .F Yes No la Enterthe number reported in Box 3 of Form 1096 Enter-0- if not applicable la 0 b Enterthe number of Forms W-2G included in line la Enter-0- if not applicable Sb 0 Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling)winnings to prize winners? . is Yes 2a Enterthe number of employees reported on Form W-3,Transmittal of Wage and Tax Statements,filed for the calendar year ending with orwithin the yearcovered by this return . L2,1] 6 b If at least one is reported on line 2a,did the organization file all required federal employment tax returns? Note.If the sum of lines la and 2a is greaterthan 250,you may be required to a-file (see instructions) 2b Yes 3a Didthe organization have unrelated business gross income of$1,000 ormore during the year? . 3a No b If"Yes,"has rt filed a Form 990-T forthis year?If"No"to line 3b,provide an explanation in Schedule O . 3b 4a At any time during the calendar year,did the organization have an interest in,or a signature or other authority over,a financial account in a foreign country(such as a bank account,securities account,or other financial account)? . 4a No b If"Yes," enter the name of the foreign country lw See instructions for filing requirements for FinCEN Form 114,Report of Foreign Bank and Financial Accounts (FBA R) Sa Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was oris a party to a prohibited tax shelter transaction? 5b No c If"Yes," to line 5a or 5b,did the organization file Form 8886-T? . . . Sc 6a Does the organization have annual grass receipts that are normally greater than$100,000,and did the 6a No organization solicit any contributions that were not tax deductible as charitable contributions? b If"Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . . . . . 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of$75 made partly as a contribution and partly for goods and 7a No services provided to the payor? . . . . . . b If"Yes," did the organization notify the donor ofthe value ofthe goods or services provided? 7b c Did the organization sell,exchange,or otherwise dispose of tangible personal property for which it was required to file Form 8282? . L. 7c No d If"Yes," indicate the number of Forms 8 28 2 filed during the year . 7d I e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? . . . . . . . . . 7e No f Did the organization,during the year,pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required? . 7g h If the organization received a contribution of cars,boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 7h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . g No 9a Did the sponsoring organization make any taxable distributions under section 496672 . 9a No b Did the sponsoring organization make a distribution to a donor,donor advisor,or related person? 9b No 10 Section 501(c)(7)organizations.Enter a Initiation fees and capital contributions included on Part VIII,line 1210a b Gross receipts,included on Form 990,Part VIII,line 12,for public use of club lob facilities 11 Section 501(c)(12)organizations.Enter a Gross income from members or shareholders . Ila b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . [llb 12a Section 4947(x)(1)non-exempt charitable trusts.Is the organization filing Form 990 in lieu of Form 1041? 12a b If"Yes," enter the amount of tax-exempt interest received or accrued during the 12b year 13 Section 501(c)(29)qualified nonprofit health insurance issuers. Is the organization licensed to issue qualified health plans in more than one state? 13a Note.See the instructions for additional information the organization must report on Schedule O b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans . N13c c Enterthe amount of reserves on hand 14a Did the organization receive any payments for indoor tanning services during the tax year? 14. No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 Form 990(2014) Form 990 (2014) Page 6 ° Governance, Management, and Disclosure For each "Yes"response to lines 2 through A below, and for a "No"response to lines Ba, 8b, or 1O below, describe the circumstances, processes, or changes in Schedule O. See instructions. Check if Schedule O contains a response or note to any line in this Part VI . r ction A Governing Body and Management Yes _.. No la Enter the number of voting members ofthe governing body at the end of the tax is 10 year . . . . . . . . . . . . . . . . . . . . Ifthere are material differences in voting rights among members ofthe governing body,or ifthe governing body delegated broad authority to an executive committee or similar committee,explain in Schedule O b Enter the number of voting members included in line la,above,who are independent . lb 10 2 Did any officer,director,trustee,or key employee have a family relationship ora business relationship with any other officer,director,trustee,or key employee? . 2 No 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers,directors or trustees,or key employees to a management company or other person? 3 No 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? . 4 No 5 Did the organization become aware during the year ofa significant diversion ofthe organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 No 7a Did the organization have members,stockholders,or other persons who had the powerto elect orappoint one or more members ofthe governing body? . 7a Yes b Are any governance decisions ofthe organization reserved to (or subject to approval by)members,stockholders, 7b No or persons other than the governing body? . . 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following a The governing body? . Sa Yes b Each committee with authority to act on behalfofthe governing body? . 8b Yes 9 Is there any officer,director,trustee,or key employee listed in PartVII,Section A,who cannot be reached at the organization's mailing address?If"Yes,"provide the names and addresses in Schedule . 9 No Section B. Policies ;This Section B requests information about policies not required b the Internal Revenue Code.i Yes No Did the organization have local chapters,branches,or affiliates? 10a No b If"Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates,and branches to ensure their operations are consistent with the organization's exempt purposes? lob Ila Has the organization provided a complete copy ofthis Form 990 to all members of its governing body before filing the form? . Ila Yes b Describe in Schedule O the process,if any,used by the organization to reviewthis Farm 990 . 12a Did the organization have a written conflict of interest policy?If%Vo,"go to line 13 . 12a Yes b Were officers,directors,or trustees,and key employees required to disclose annually interests that could give rise to conflicts? . 126 Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy?If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? . 14 Yes 15 Did the process for determining compensation ofthe following persons include a review and approval by independent persons,comparability data,and contemporaneous substantiation ofthe deliberation and decision? a The organization's CEO,Executive Director,or top management official . 15a Yes b Other officers or key employees ofthe organization . 15b Yes If"Yes" to line 15a or 15b,describe the process in Schedule O (see instructions) 16a Did the organization invest in,contribute assets to,or participate in a Joint venture or similar arrangement with a taxable entity during the year? . 16a Yes b If"Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law,and take steps to safeguard the organization's exempt status with respect to such arrangements? . 16b Yes Section C. Disclosure 17 List the States with which a copy of this Form 990 is required to be filedIN-FL 18 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable),990,and 990-T (501(c) (3)s only)available for public inspection Indicate howyou made these available Check all that apply F Own website r Another's website r U pon request r Other(explain in Schedule O) Describe in Schedule O whether(and ifso,how)the organization made its governing documents,conflict of interest policy,and financial statements available to the public during the tax year 20 State the name,address,and telephone number ofthe person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH,FL 33407 (561)832-6776 Form 990(20i4) Form 990 (20;.4) Page 7 Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response ornote to any line in this PartVII . . . r section A. Officers Directors Trustees Key Employees and Hi hest Cam ensated Em to ees la Complete this table forall persons required to be listed Report compensation forthe calendar year ending with orwithin the organization's tax year i List all ofthe organization's current officers,directors,trustees (whether individuals or organizations),regardless of amount of compensation Enter-0- in columns (D),(E),and (F)if no compensation was paid 4�List all ofthe organization's current key employees,if any See instructions for definition of"key employee " 4 List the organization's five current highest compensated employees (other than an officer,director,trustee or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC)of more than$100,000 from the organization and any related organizations *List all ofthe organization's formerofficers,key employees,orhighest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations 6 List all ofthe organization's former directors or trustees that received,in the capacity as a former director or trustee ofthe organization,more than$10,000 of reportable compensation from the organization and any related organizations List persons in the following order individual trustees or directors, institutional trustees,officers, key employees, highest compensated employees, and former such persons r Check this box if neither the organization nor any related organization compensated any current officer,director,or trustee (A) (B) (C) (D) (E) (F) Name and Title Average Position (do not check Reportable Reportable Estimated hours per more than one box,unless compensation compensation amount of week (list person is both an officer from the from related other any hours and a director/trustee) organization organizations compensation for related G — m= :-n W- 2 1099- ( / (W- 2/1099- from the organizations =(5 g MISC) MISC) organization belows m_ 0 0 ti' and related dotted line) organizations 'D co D M a & v c (1) ULIE HYATT 200 ........................................................................ ....................... X 0 0 0 VICE PRESIDENT (2)SANDRA CORRIGAN 2 00 ........................................................................ X 0 0 0 DIRECTOR (3) LYNN SOLOMON 2 00 ......... ........ ......... ......... ................ �.. X 0 0 0 DIRECTOR (4) LOVETTA HARM0N 200 - DIRECTOR (5)JEAN BAYOL 2 00 ........................................................................ ....................... X 0 0 0 DIRECTOR (6) CARL A FLICK 200 ................................................................. ..... °...................... X 0 0 0 PRESIDENT (7) BETTE ANNE STARKEY 2 00 ........................................................................ .......... X 0 0 0 SECRETARY (8)JOEY EICHNER 2 00 _ — ........................................................................ ....................... X 0 0....... 0 TREASURER (9) ROMIN CURRIER 2 00 ........................................................................ ....................... x X 0 0 0 DIRECTOR (10)TERRI MURRAY 40 00 ................................................................. ..... ... X 86,520 0 0 EXECUTIVE DIRECTOR Form 990(2014) Form 990 (2014) Page 8 Section A. Officers, Directors,Trustees, Key Employees,and Highest Compensated Employees(continued) (A) (g) (C) (D) _ (E) (F) Name and Title Average Position(do not check Reportable Reportable Estimated hours per more than one box,unless compensation compensation amount of other week(list person is both an officer from the from related compensation any hours and a director/trustee) organization(W- organizations (W- from the for related _ >7 = -n 2/1099-MISC) 2/1099-MISC) organization and organizations cL o related belowa 5 m o m 3 organizations dotted line) c = '9 fD O Q O 0 M s, m lb Sub-Total M' c Total from continuation sheets to Part VII Section A w d Total(add lines lb and lc) . M 86,520 2 Total number of individuals (including but not limited to those listed above)who received more than $100,000 of reportable compensation from the organization■ Yes No 3 Did the organization list any former officer,director or trustee,key employee,or highest compensated employee +— on line 1a?If"Yes,"complete Schedule7forsuchindividual . 3 No 4 For any individual listed on line 1a,is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,0007 If"Yes,"complete ScheduleJforsuch individual . 4 No 5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the organizationP If"Yes,"complete Schedule]forsuch person . 5 No Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than$100,000 of compensation from the organization Report compensation for the calendar year ending with or within the organization's tax year (A) (B) (c) Name and business address Description of services Compensation Rm otal number of independent contractors (including but not limited to those listed above)who received more than 4100,000 ofcompensation from the organization lb- Form 990(2014) Form 990 (2014) Page 9 �_ Statementof Revenue Check If Schedule 0 contains a response ornote toany line In this Part VIII (— (A) (6) (c) (®) Total revenue Related or Unrelated Revenue exempt business excluded from function revenue tax under revenue sections 512-514 is Federated campaigns la = 3 b Membership dues . lb (3' r c Fundraising events . . lc d Related organizations . id a Government grants(contributions) le vi I O f All other contributions,gifts,grants,and 1f 460,659 similar amounts not included above — r g Noncash contributions included in lines d la-1f$ C � (? h Total.Add lines la-lf . . . . . . . 460,659 1p- Business Code 2a PROGRAM SERVICE FEES I 531390 230,747 a b 4 C Ci d e E .�,®.�........ f All other program service revenue d .......... g Total.Add lines 2a-2f . . . ■ 230,747 L. �. 3 Investment income(Including dividends,Interest, and other similar amounts) . _ _ 1► 3,165.. 4 Income from investment of tax-exempt bond proceeds ► g 5 Royalties . M' (i)Real (n)Personal 6a Gross rents 942,093 b Less rental 868,503 expenses C Rental Income 73,590 or(loss) ....,...,...(o d Net rental income or(loss) .. 73,590 73,590 (i)Securities (n)Other 7a Gross amount r from sales of 120,458 assets other than Inventory s b Less cost or other basis and sales expenses C Gain or(loss) 120,458 d Net gain or(loss) M. 120,458 120,458 Sa Gross Income from fundraising I CD events(not including i 3 ofcontributions reported on line lc) See Part IV,line 18 a j Sb Less direct expenses . b' c Net income or(loss)from fundraising events f 9a Gross income from gaming activities See Part IV,line 19 . . a b Less direct expenses . b c Net income or(loss)from gaming activities M. 10a Gross sales of inventory,less returns and allowances a b Less cost of goods sold . b c Net income or(loss)from sales of inventory Do. Miscellaneous Revenue Business Code Ila --- c d All other revenue e Total.Add lines Sla-lld . ■ 12 Total revenue.See Instructions ■ 888,619'. 427,9601 _ Form 990(2014) Form 990 (2014) Page 10 Statement of Functional Expenses Section 501(c)(3)and 501(c)(4)organizations must complete all columns All other organizations must complete column(A) Check if Schedule O contains a resrjonse or note to any line in this Part IX . , L,-,got include amounts reported on lines 6b, (A) (B (D) 7b,8b,9b,and lOb of Part VI%%. Total expenses Program service Management and Fundraising gener expenses al expenses expenses .... 1 Grants and other assistance to domestic organizations and domestic governments See Part IV,line 21 . . 2 Grants and other assistance to domestic individuals See Part IV,line 22 . . 3 Grants and other assistance to foreign organizations,foreign governments,and foreign individuals See Part IV,lines 15 and 16 . . 4 Benefits pard to or for members . 5 Compensation of current officers,directors,trustees,and key employees 86,520 77,868 8,652 0 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1))and persons described in section 4958(c)(3)(B) . . - 7 Other salaries and wages 291,411 262,270 29,141 0 8 Pension plan accruals and contributions (include section 401(k) and 403(b)employer contributions) 9 Other employee benefits . . 10 Payroll taxes 27,024 24,322 2,702 0 11 Fees for services (non-employees) a Management . . b Legal . . c Accounting d Lobbying . . ___.. e Professional fundraising services See Part IV,line 17 Investment management fees . g Other(If line 11g amount exceeds 10% of line 25,column (A) _ amount,list line 11g expenses on Schedule O) 12 Advertising and promotion . . 13 Office expenses . . 14 Information technology . 15 Royalties . . 16 Occupancy . 38,090 34,261 3,809 0 17 Travel 7,943 7,149 794 0 18 Payments of travel or entertainment expenses for any federal, state,or local public officials . . 19 Conferences,conventions,and meetings . . 20 Interest . 10,0899,080 1,009, 0 21 Payments to affiliates . 22 Depreciation,depletion,and amortization 401,287 361,158 40,129 0 23 Insurance . 12,266 11,039 1,227 0 24 Other expenses Itemize expenses not covered above(List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 25,column (A)amount,list line 24e expenses on Schedule O ) a ADVERTISING&MARKETING 889 800 89 0 b LICENSES&FEES 1,841 1,657 184 0 ..... .... c EQUIPMENT RENTAL 384 346 38 0 d OFFICE EXPENSES 24,847 ' 22,362 2,485 0 e All other expenses 21,295 3,417 17,878 0 25 Total functional expenses.Add lines 1 through 24e 923,886 815,749 108,137 0 21 Joint costs.Complete this line only if the organization _ reported in column (B)joint costs from a combined educational campaign and fundraising solicitation Check here ►- r iffollowing SOP 98-2 (ASC 958-720) Form 990(2014) Farm 990 (2014) Page 11 Balance Sheet Check if Schedule O contains a response or note to any line in this Part X _. (A) — (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1,122,058 1 1,128,309 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable,net . 3 106,099 4 Accounts receivable,net . 14,164 4 2,895 5 Loans and other receivables from current and former officers,directors,trustees,key employees,and highest compensated employees Complete Part II of Schedule L . . 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)),persons described in section 4958(c)(3)(B),and contributing employers and sponsoring organizations ofsection 501(c)(9)voluntary employees' beneficiary organizations (see instructions)Complete Part II of Schedule L r qi 6 v6 7 Notes and loans receivable,net . . . . . . . . . 7 Q 8 Inventories for sale or use . 8 9 Prepaid expenses and deferred charges . 126,877 9 147,245 10a Land,buildings,and equipment cost or other basis Complete Part VI of Schedule D 10a 14,313,554 b Less accumulated depreciation . 10b 1,390,480 13,326,127 10c 12,923,074 11 Investments—publicly traded securities . . . 11 12 Investments—other securities See Part IV,line 11 . 12 13 Investments—program-related See Part IV,line 11 . 13 14 Intangible assets . 14 15 Other assets See Part IV,line 11 . . 585,554 15 202,482 16 Total assets.Add lines 1 through 15 (must equal line 34) , . 15,174,780, 16 14,510,104 17 Accounts payable and accrued expenses . 87,586 17 94,442 18 Grants payable . . . . . . . . . . . . . . . . . 18 19 Deferred revenue . 19 20 Tax-exempt bond liabilities 20 ,f 21 Escrow or custodial account liability Complete Part IV of Schedule D 21 22 Loans and other payables to current and former officers,directors,trustees, key employees,highest compensated employees,and disqualified persons Complete Part II of Schedule L . 22 -� 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 1,450951 24 1,279,524 25 Other liabilities (including federal income tax,payables to related third parties, and other liabilities not included on lines 17-24) Complete Part X of Schedule D . 506,394 25 106,736 26 Total liabilities.Add lines 17 through 25 . 2,044,931 26 1,480,702 r Organizations that follow SFAS 117(ASC 958),check here► F and complete lines 27 through 29,and lines 33 and 34. C 27 Unrestricted net assets 13,129,849' 27 M 13,029,402 C3 28 Temporarily restricted net assets 28 IM ti 29 Permanently restricted net assets 29 iy Organizations that do not follow SFAS 117(ASC 958),check here I► r and complete lines 30 through 34. 4 30 Capital stock or trust principal,or current funds 30 31 Paid-in or capital surplus,or land,building or equipment fund 31 32 Retained earnings,endowment,accumulated income,or other funds 32 `@ 33 Total net assets or fund balances 13,129,849 33 1 13,029,402 34 Total liabilities and net assets/fund balances 15,174,780 34 14,510,104 Form 990(2014) T4 L .4 as �D v m a v N O O N O r-I v 1 ® O ri of co M Ln O) In m l— z z p m co NN M N l0 N M M 0 U) __.U1 ((71 it N } N al aJ } } } E „.....w __ _.. O LL N N N {q m = a) O Y rl N O o L Y m L C aJ N — L Q O1 Y aJaj V) N L m C +L' +' L _ O • C L m > M1 Q Ly O O C O y X L L m O al m 4 u • N O. i N aJ N C al =3 to 7 _ 7 VI • c aJ = E m � y • — _ 70 O -0 7 -0 U X m C o1 u y y N U m L m y 1/1 aJ ' Q • . 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C Or O U L N f70 L !n C m 7 7 Vl D. _ = E T aJ U a L U N L y N L m +.' n 01 C N N ++ N E E o o aJ v L v� o m c y o +' m — (n m L t N � 7 '�- C m N LL u-. aJ (Ij C a1 N fa L Oi M U Vl L o o N E `° v L o o E 3 L �' E 3 ' m = > o y cn v m T m O a) tn _ C m m Q N U C C a1 m o ro U) y O y am-I N y i _� C of L Q O = }! �--i .X-. — 01 C +' C U Vl C +' a.m.. m VI O amr m O O m y aJ = 7 C }� m m a1 N V m In U1 U L In aJ L UJ m c —ul a v C c on E — a = — o y C L J m Z o m y o ao o y o LJ N m E o m c o aJ — s 3 7 =C,: c 0 m a y m w m u a y U m U u U U, o ® Q 0 m3 ut o y(U w w O o L ° o L o c v a V =o 0 C m U) u En N (U u �w aJ — aJ = 3 -o = 3 ui ,� w 3 m ® Q aJ N O 7 yNa 0 7 w � v O O O y m c- 4, m N dJ _ m y N — - C m — •W -0 to m N m (n !n aJ N — — U1 N N m In m y m aJ 7 L C C C .fl m L Q m m O C y L n 7 a=i c fa Ln E c u -0 u +oa x u w o x -0 Ln o f u ALJ w of� •V E E O. 7 O1 N Q 7 C 7 V L_ O N .fl N NOC v m O m C N a) •` V `—' x •O VI C w N m = m N C m U m O �' m U L O ® .Y j N N m i aJ m W O U E N m m N m Y - a) C N w Q y Y v V m = v m N (V = � = w C aJ m = O a m � m m in m o aJ = Yy L a1 — �'' m fn W O m y m L C m O L aJ L O L = L y — m O — 7 o U aa) x m w aj _0 E aJ s aJ .. LL U o' aJ d u o n m u o a ', ai rn v m 7 m 7 U Ul C L -.'o In C y N a L UI = _... 7 O y Ln m N Y VI u aJ N �- O aJ Q N aJ m m v m m aJ L v m = o L aJ LJ m N L v UI N } '� L aJ m a1 } 7 p y y > y y C O -C y U L } �r O O aJ al al O C L a-' aJ O U Y U al ut L aJ } L �- �y-- N C H Z Z D Q O z u Q UJ m � m In Q to L o . w N M 6(1 l® I, CO Of � .m N '� V M O erile GRAPHYC rint- DO NOT PROCESS As Filed Data - DLN: 93493095001166 SCHEDULE A Public Charity Status and Public Support M3 No 15 (Form 990 or 990F1) Complete if the organization is a section 501(c)(3)organization or a section 4947(a)(1) nonexempt charitable trust. 1 45-0047 Department of the 1101,Attach to Form 990 or Form 990-EZ. ® ' 4 Treasury t►Information about Schedule A (Forth 990 or 990-EZ)and its instructions is at Internal Revenue Service www.irs.cjov/form990. Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Reason for Public Charity StatusAll organizations must complete thispart.) See Instructions. - .. The organization Is not a private foundation because Itis (For lines 1 through 11,check only one box ) 1 (— A church,convention of churches,or association of churches described in section 170(b)(1)(A)(i). 2 F_ A school described in section 170(b)(1)(A)(ii).(Attach Schedule E ) 3 F_ A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 F A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii).Enter the hospital's name,city,and state _ 5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv).(Complete Part II ) 6 (— A federal,state,or local government or governmental unit described in section 170(b)(1)(A)(v). 7 r An organization that normally receives a substantial part of Its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi).(Complete Part II ) 8 r A community trust described in section 170(b)(1)(A)(vi) (Complete Part II ) 9 (— An organization that normally receives (1)more than 331/3% of its support from contributions,membership fees,and gross receipts from activities related to its exempt functions—subject to certain exceptions,and (2)no more than 331/3% of Its support from gross Investment income and unrelated business taxable Income (less section 511 tax)from businesses acquired by the organization after June 30,1975 See section 509(a)(2).(Complete Part III ) fir F_ An organization organized and operated exclusively to test for public safety See section 509(a)(4). } F_ An organization organized and operated exclusively forthe benefit of,to perform the functions of,or to carry out the purposes of one or more publicly supported organizations described In section 509(a)(1)or section 509(a)(2) See section 509(a)(3).Check the box In lines Ila through 11d that describes the type of supporting organization and complete lines Ile,11f,and 1I a r Type I.A supporting organization operated,supervised,or controlled by Its supported organization(s),typically by giving the supported organization(s)the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b r Type II.A supporting organization supervised or controlled in connection with Its supported organization(s),by having control or management of the supporting organization vested In the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c r Type III functionally integrated.A supporting organization operated in connection with,and functionally Integrated with,Its supported organization(s)(see Instructions) You must complete Part IV,Sections A,D,and E. d F_ Type III non-functionally integrated.A supporting organization operated In connection with Its supported organization(s)that Is not functionally Integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement (see Instructions) You must complete Part IV,Sections A and D,and Part V. e r Check this box If the organization received a written determination from the IRS that it Is a Type I,Type II,Type III functionally Integrated,or Type III non-functionally Integrated supporting organization f Enter the number of supported organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Provide the following Information about the supported organization(s) — r Name of supported ( ) g (v)Amount of (vi)Amount of (-) pported (ii)EIN (iii)Type of ry Is the organization organization organization listed In yourgoverning monetary support other support(see (described on lines document? (see Instructions) Instructions) 1-9 above or IRC section(see Instructions)) Yes No _ Total ... ...._ .........,. _....., For Paperwork Reduction Act Notice,see the Instructions for Form 990 or 990EZ. Cat No 11285F ScheduleA(Form 990or 990-EZ)2014 S' jule A (Form 990 or 990-EZ)2014 Page 2 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization faded to qualify under Part III. If the organization falls to_qualify under the tests listed below, Please complete Part III Section A. Public Support Calendar year(or fiscal year beginning in)P, (a) 2010 (b)2011 (c) 2012 (d)2013 (e) 2014 (f)Total 1 Gifts,grants,contributions,and membership fees received (Do not 2,127,514 8,090,153 5,266,896 689,691 460,659 16,634,913 include any "unusual grants ") 2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 3 The value of services or facilities furnished by a governmental unit to the organization without charge 4 Total.Add lines 1 through 3 2,127,514 8,090,153 5,266,896 689,691 460,659 16,634,913 5 The portion oftotal contributions by each person (otherthan a governmental unit or publicly supported organization)included on line 1 that exceeds 2% ofthe amount shown on line 11,column (f) _ _ .I 6 Public support.Subtract line 5 from 16,634,913 line 4 Section B. Total Support Calendar year(or fiscal year 3....... beginning in)10* (a)2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f)Total 7 Amounts from line 4 2,127,514 8,090,153.. 5,266,896 689,691 460,659 16,634,913 _._._.._._.— M.M.M.. ,.....:... 8 Gross income from interest, - � dividends,payments received on .ecurltles loans,rents,royalties 144,046 169,625 1,635,230' 905,011 945,258 3,799,170 and income from similar sources 9 Net income from unrelated business activities,whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) it Total support Add lines 7 through 10 20,434,083 12 Gross receipts from related activities,etc (see instructions) 12 13 First five years.Ifthe Form 990 is forthe organization's first,second,third,fourth,or fifth tax year as a section 501(c)(3) organization,check this box and stop here . .►F Section C. Computation of Public Su ort Percents e 14 Public support percentage for 2014 (line 6,column(f)divided by line 11,column (f)) 14 81 410 15 Public support percentage for 2013 Schedule A,Part II,line 14 E15:1--SE-05--0 16a 33 1/3%support test-2014.If the organization did not check the box on line 13,and line 14 is 33 1/3% or more,check this box and stop here.The organization qualifies as a publicly supported organization 0-F b 33 1/3%support test-2013.If the organization did not check a box on line 13 or 16a,and line 15 is 33 1/3% or more,check this box and stop here.The organization qualifies as a publicly supported organization pr 17a 100/6-facts-and-circumstances test-2014.Ifthe organization did not check a box on line 13,16a,or 16b,and line 14 is 10% or more,and ifthe organization meets the "facts-and-circumstances" test,check this box and stop here.Explain in Part VI howthe organization meets the"facts-and-circumstances"test The organization qualifies as a publicly supported organization �r b 10%-facts-and-circumstances test—2013.Ifthe organization did not check a box on line 13,16a,161b,or 17a,and line 15 is 10% or more,and if the organization meets the "facts-and-circumstances"test,check this box and stop here. Explain in Part VI how the organization meets the"facts-and-circumstances"test The organization qualifies as a publicly supported organization 18 Private foundation.If the organization did not check a box on line 13, 16a,16b,17a,or 17b,check this box and see instructions ►F Schedule A(Fors 990 or 990-EZ)2014 Schedule A (Form 990 or 990-EZ)2014 Page 3 Support Schedule for Organizations Described in Section 509(a)(2) (Complete only If you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organrzation falls to qualify under the tests listed below,. please comtflete Part II.),- ction A. Public Support ndar year(or fiscal year beginning (a)2010 (b) 2011 (c)2012 (d)2013 (e)2014 (f)Total in)► 1 Gifts,grants,contributions,and membership fees received (Do not include any"unusual grants ") 2 Gross receipts from admissions, _ merchandise sold or services performed,orfacilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 513 4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 5 The value ofservices or facilities _- furnished by a governmental unit to the organization without charge 6 Total.Add lines 1 through 5 7a Amounts included on lines 1,2, and 3 received from disqualified persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greaterof$5,000 or 1% ofthe amount on line 13 for the year c Add lines 7a and 7b ..__. g Public support(Subtract line 7c from line 6 0 ction B. Total Support adar year(or fiscal year beginning (a)2010 (b) 2011 (c) 2012 (d)2013 (e) 2014 Total in)Ili, (f) 9 Amounts from line 6 10a Gross income from interest, dividends,payments received on securities loans,rents,royalties and income from similar sources b Unrelated business taxable income(less section 511 taxes) from businesses acquired after June 30, 1975 c Add lines 10a and lob 11 Net income from unrelated business activities not included in line 10b,whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 13 Total support.(Add lines 9, 1Oc, 11,and 12 ) 14 First five years.If the Form 990 is for the organization's first,second,third,fourth,or fifth tax year as a section 501(c)(3)organization, check this box and stop here �r Section C. Computation of Public Support percentage _. ........ 15 Public support percentage for 2014 (line 8,column (f)divided by line 13,column(f)) 15 0 O/C 16 Public support percentage from 2013 Schedule A,Part III,line 15 16 Section D Computation of Investment Income Percentage 17 Investment income percentage for 2014(line 10c,column (f)divided by line 13,column(f)) '.. 18 0 %IS Investment income percentage from 2013 Schedule A,Part III,line 17 1' 33 1/3%support tests-2014.If the organization did not check the box on line 14,and line 15 is more than 33 1/3%,and line 17 is not more than 33 1/3%,check this box and stop here.The organization qualifies as a publicly supported organization ►r 331/30/osupport tests-2013.If the organization did not check a box on line 14 or line 19a,and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%,check this box and stop here.The organization qualifies as a publicly supported organization 11-F 20 Private foundation.If the organization did not check a box on line 14,19a,or 19b,check this box and see instructions ►(— Schedule A(Form 990 or 990-EZ)2014 Schedule A (Form 990 or 990-EZ)2014 Page 4 Supporting Organizations (Complete only if you checked a box on line 11 of Part I If you checked lla of PartI,complete Sections A and B If you checked 11b of Part I,complete Sections A and C If you checked llc of Part I,complete Sections A,D,and E If you checked ild of Part I complete Sections A and D,and com)lete Part V Section A All Sulaporting Organizations _.. Yes No 1 Are all ofthe organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated.If designated by class or purpose, describe the designation.If historic and continuing relationship,explain. 1 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1)or(2)?If"Yes,"explain in Part V%how theorganization determined that thesupported organization was described in section 509(a)(1)or(2). 2 3a Did the organization have a supported organization described m section 501(c)(4),(5),or(6)?If"Yes,"answer (b)and(c)below. 3a b Did the organization confirm that each supported organization qualified under section 501(c)(4),(5),or(6)and satisfied the public support tests under section 509(a)(2)?If"Yes,"describe in Part V%when and how the organization made the determination. 3b c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If"Yes,"explain in Part VI what controls the organization put in place to ensure such use. 3c 4a Was any supported organization not organized in the United States ("foreign supported organization")?If"Yes" and if you choked 11a or 11b in PartI,answer(b)and(c)below. 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If"Yes,"describe in Part VI how the organization had such control and discretion despite 413 being controlled orsupervised by orin connection with its supported organizations. c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1)or(2))If"Yes,"explain in Part VI what controls theorgamzation used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(8)purposes. 5a Did the organization add,substitute,or remove any supported organizations during the tax year?If"Yes,"answer (b)and(c)below(if applicable).Also,provide detail in Part VI,including 0)the names and EIN numbers of the supported organizations added,substituted,or removed,(ii)the reasons for each such action,(iii)the authority under the organization's organizing document authorizing such action,and(iv)how the action was accomplished(such as by amendment to the organizing document). 5a Type I or Type II only.Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only.Was the substitution the result of an event beyond the organization's control? Sc 6 Did the organization provide support(whether in the form of grants or the provision ofservices orfacilities)to anyone otherthan (a)its supported organizations, (b)individuals that are part ofthe charitable class benefited by one or more of its supported organizations, or(c)othersupporting organizations that also support or benefit one or more ofthe filing organization's supported organizations?If"Yes,"provide detail in Part V1. 6 7 Did the organization provide a grant,loan,compensation,or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)),a family member ofa substantial contributor,ora 35-percent controlled entity with regard to a substantial contributor?If"Yes,"complete Part I ofScheduleL(Form 990). 7 8 Did the organization make a loan to a disqualified person (as defined in section 4958)not described in line 7?If "Yes,"complete Part II of Schedule L(Form 990). 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509 (a)(1)or(2))? If"Yes,"prowdedetail in Part V1. 9a b Did one or more disqualified persons (as defined in line 9(a))hold a controlling interest in any entity in which the supporting organization had an interest?If"Yes,"provide detail in Part VI. 913 c Did a disqualified person (as defined in line 9(a))have an ownership interest in,or derive any personal benefit from,assets in which the supporting organization also had an interest? If"Yes,"provide detail in Part V1. 9c 10a Was the organization subject to the excess business holdings rules of IRC 4 94 3 because of IRC 4943(f) (regarding certain Type II supporting organizations,and all Type III non-functionally integrated supporting organizations)?If"Yes,"answerb below. 10a b Did the organization have any excess business holdings in the tax year? (Use Schedule C,Form 4720,todetermine whether the organization had excess business holdings). 10b 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b)and (c)below, the governing body ofa supported organization? lla A family member of a person described in (a)above? 1113 A 35% controlled entity ofa person described in(a)or(b)above?If"Yes"toa,b,arc,providedetail in Part VI. 11c Schedule A(Form 990 or 990-EZ) 2014 Scf edule A (Form 990 or 990-EZ)2014 Page 5 "y SupportingOrganizations (continued) Section B. Type % Suorten Organizations Yes No 1 Did the directors,trustees,or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organzation's directors or trustees at all times during the tax year?If "No,"describe in Part VI how the supported organization(s)effectively operated,supervised,or controlled the organization's activities.If the organization had more than one supported organization,describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions,if any,applied to such powers during the tax year. 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s)', that operated,supervised,or controlled the supporting organization? If"Yes,"explain in Part V%how providing such benefit carried out the purposes of the supported organization(s)that operated,supervised or controlled the supporting organization. 2 Section C. Type I%Supporting Ore�anizations Yes No 1 Were a majority ofthe organization's directors ortrustees during the tax year also a majority ofthe directors or trustees of each ofthe organization's supported organization(s)?If"No,"describe in PartVl how control or management of the supporting organization was vestedin the same persons that controlled or managed the supported organization(s). E Section D. All Type %I% Supporting Organizations Yes No 1 Did the organization provide to each of its supported organizations,by the last day ofthe fifth month ofthe organization's tax year,(1)a written notice describing the type and amount of support provided during the prior tax year,(2)a copy of the Form 990 that was most recently filed as of the date of notification,and (3)copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 - Were any of the organization's officers,directors,or trustees either(i)appointed or elected by the supported organization(s)or(ii)serving on the governing body of supported organization?If"No,"explain in Part VI how the organization maintained a dose and continuous working relationship with the supported organization(s). 2 3 By reason ofthe relationship described in (2),did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use ofthe organization's income or assets at all times during the tax year?If"Yes,"describe in PartVd therole the organization's supported organizations played in this regard. 3 Section E. Type II% Functional) -Inte rated 5u ortin Or anizations _ 1 Check the box next to the method that the organization used to satisfy the Integral PartTest during the year(see instructions) a r The organization satisfied the Activities Test Complete line 2 below b The organization is the parent of each of its supported organizations Complete line 3 below c The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a)and(b) below. Yes No a Did substantially all ofthe organization's activities during the tax year directly further the exempt purposes ofthe supported organization(s)to which the organization was responsive?If"Yes,"then in Part V1 identify those supported organizations and explain how these activities directly furthered their exempt purposes,how the organization was responsive to those supported organizations,and how the organization determined that these activities constituted substantially all of its activities. 2a b Did the activities described in (a)constitute activities that,but for the organization's involvement,one or more of the organization's supported organization(s)would have been engaged in?If"Yes,"explain in Part VI the reasons for the organization's position that its supported organization(s)would have engaged in these activities but for the organization's involvement. 2b 3 Parent of Su:icorted O rcjanizations Answer(a)and(b)below. a Did the organization have the power to regularly appoint or elect a majority ofthe officers,directors,or trustees o each of the supported organizations? Providedetails in Part V1. 3a b Did the organization exercise a substantial degree of direction over the policies,programs and activities of each of its supported organizations?If"Yes,"describe in Part VI the role played by the organization in this regard. 3b Schedule A(Form 990 or 990-EZ)2014 WRr m ` N a L N [ `m 0 r. 0 ' O C C C C a) y O d O 7 01 a J d 7 o m u � O C_ v 1 ? Q N ( � f d C o w d H N M C N b U w o r N W E Q R >L L v L o L a m C 7 Q .y N M 'e� IO t0 N co a m � � � N M a' Ill ID N ap E c i +`� c,.. w .' ........ _ ..... _ ,...., �, T Q >U',, pC w L O T N V O m J a),... a) a mCL E c ;? m 1 u ° a = rn M a E $ c m E i a) c o vmi� m J +� c m ® QJ M v v E a) w o U co m v a c 0- E E w a L x n ° m c w w � E o _ = m c L N_ C N dd d i x _ U a O C Cu O a C m O ' Ii ^ c a'' m O O H C it C E m a/ c O U al N y H r 0 OV L U 10 O N y J w C J C V U) m 1 cp ® m m c m N Q o �^ m E -C d w ym ; E ° c IC •'_ �' C O O O u E N dJ C 0 m ° a1 a) L ^ ® ° 111 1 a/ m o v _ c d — +' x m m w C ~ u v c — H m V m v o 2 c '" a c L m v m n ® m L i O- C m O 1� U) O c V V C U a) O. m i o U c J" Z L m v E d Q v v 2 c v m v E m" m d Lo 0,1 y, m 0 C o E E c c m E i = m x o 0 m m u m x m J co a m N 3 '� c - �' W N_ L,, O 0 a) i al 0 U m J > > N d L O m C O. m C M L C O m C N ++ OI m a) m O- C C C v C J L y0 -0 -0 C = L O E , I +°' Q. o L J C C I C O' U) i m N- x 0 L al i-' m •--1 i i+ a1 M T S Q y 0 C m i 3 _ ? M a) E o w __ Y ° > c ° m w m E x o ° c J m O C M O_ c a) L OI W ,. m L w a a) O � N i+ U V O °1 Z p — m O E OI C O C .m-. O rr m T T N ri -° ++ T Q L a) J U Q V O Jo U +. O m Ue S L E O L aL-. m m N -0 N L c O L O. y p'J E 01 O M a)_ Q V 0 N 1 L E C U — C U1 01 ~ y C I a/ ° C y c O. a) C O m �` C O O > C m O N C m ® O. C _ 0 m y `- }°- Q �' m N o o E o m 2 C ,° ° E E Y v mU o c aEi m d = a Q 1 E o ami d v a s E C u C ° m m o `a n o O a u a o m ° t N u > > v == U c o x = J LO L 7 ® L C U C C i N y r v ` E O 7 N L J N d > G C _0 Lf) E Ll Y C Y m L w id m O W — N O m �0 N ; V Of++ a) m — y V H^ Q -0 m 0 — V '_ ® y co J OI m 7 U U c U u y a m i d rn m > > O VI u J m E d J m .N m E ;a ,� v a m o y v y -0 v o f v (A a E Q Q IL F > a V) U m Z K E u s w , L c U1 Z a 0 a Q a m L O Q y c u t'jI v U a J 4, L7 a W W r ® L L d L �......... rl N M It ur 10 h co .a m U 'O 91 N M d' In 10 N m ri N M a In 0 N u 1 T U) h dule A (Form 990 or 990-EZ)2014 Page 7 �_ction D - Distributions Current Year 1 WAmounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations,in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2014 from Section C,line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (i) Underdistrtr ibutions Distributable instructions) Excess Distributions pre-2014 Amount for 2014 - 1 Distributable amount for 2014 from Section C,line 6 2 U nderdistributions,if any,for years prior to 2014 (reasonable cause required--see instructions) 3 Excess distributions carryover,if any,to 2014 _.._........... .... _ ..... a From 2009. . . . . . . prom 2010. . . ............. ........ .... .=rom 2011. . . . . . d From 2012. . . . e From 2013. . . . . . f Total of lines 3a through e g Applied to underdistributi ons of prior years h Applied to 2014 distributable amount -...., a _ ......... ..w.w..._ ., i Carryover from 2 00 9 not applied (see instructions) j Remainder Subtract lines 3g,3h,and 31 from 3f ....... 4 Distributions for 2014 from Sectio �- - _ n D line 7 a Applied to underdistnbutions of prior years b Applied to 2014 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2014,if any Subtract lines 3g and 4a from line 2 (ifamount greaterthan zero,see instructions) 6 Remaining underdistributions for 2014 Subtract lines 3h and 4b from line 1 (if amount greaterthan zero,see instructions) 7 Excess distributions carryover to 2015.Add lines 3I and 4c 8 Breakdown of line 7 .w ............ _ _-............. a From 2010. _ .. - b From 2011. . . . . . . c From 2012. d From 2013. -rom 2014. mm. Schedule A(Form 990 or 990-EZ)(20 14) .0 +moi w L 1 O L W 'a UI 0 a C O 0 o � o 0 C: ,-j cn c4� a) � c > � c E C L -C� L L !O In Q CL a� o fu V � = o c r a o E In ° (3) vc c O d � 0 >A CO +1 i �0 C +7 c OVLO a) ._ (6 N X U Un rl C I W O ~ L V L Ln — O c 4- fa c , o CL E m �) u �n v xM N N �- c U) }, U N ,-i u N Q I UI C LCL tn N O N C - 0 O V — u u ca LL > N ,-I O Q O L. (D V) a o �� ¢ C V i 'r, U') c Mfu M E >fV a i ,1 _or L Oo L M N N fo N N a - W C N 1 N V) C m - rn G) C M W OC E — m N O 1 CD a) "' Ca-' w O (O V N iA a Ln > a) Q v v L u efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493095001166 SCHEDULED OMB No 1545-0047 (Form 990) Supplemental Financial Statements ►Complete if the organization answered"Yes,"to Form 990, 2014 Part IV,line 6,7,8,9,10,Ila,lib,llc,lid,Ile,llf,12a,or 12b. ienz art e-F,,o,a, 0,Attach to Form 990. ® ; - Into ial Fac t.:.aeSam,— Information about Schedule D(Form 990)and its instructions is at www.Jrs.Sov/for-9-1 Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 ° : Organizatians Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the or(lanization answered 'Yes" to Form 990 Part IV, line 6. (a) Donor advised funds (b) Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from(during year) 4 Aggregate value at end of year 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property,subject to the organization's exclusive legal control? r—Yes F No 6 Did the organization inform all grantees,donors,and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor,or for any other purpose conferring impermissible private benefit? r—Yes r No Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7. 1 Purpose(s)of conservation easements held by the organization(check all that apply) F- Preservation of land for public use (e g ,recreation or education) F- Preservation of an historically important land area F- Protection of natural habitat r Preservation of certified historic structure F Preservation of open space 2 Complete lines 2a through 2d ifthe organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Year a Total number of conservation easements 2a b Total acreage restricted by conservation easements 2b Number of conservation easements on a certified historic structure included in(a) 2c d Number of conservation easements included in (c)acquired after 8/17/06,and not on a historic structure listed in the National Register 2d 3 Number of conservation easements modified,transferred,released,extinguished,or terminated by the organization during the tax year► 4 Number of states where property subject to conservation easement is located 0- 5 Does the organization have a written policy regarding the periodic monitoring,inspection,handling of violations,and enforcement of the conservation easements it holds? r Yes r No 6 Staff and volunteer hours devoted to monitoring,inspecting,and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring,inspecting,and enforcing conservation easements during the year 1►$ 8 Does each conservation easement reported on line 2(d)above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? F Yes r No 9 In Part XIII,describe howthe organization reports conservation easements in its revenue and expense statement,and balance sheet,and include,if applicable,the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" to Form 9902 Part IVE line 8. _.. is If the organization elected,as permitted under SFAS 116 (ASC 958),not to report in its revenue statement and balance sheet works of art,historical treasures,or other similar assets held for public exhibition,education,or research in furtherance of public service,provide,in Part XIII,the text of the footnote to its financial statements that describes these items b If the organization elected,as permitted under SFAS 116 (ASC 958),to report in its revenue statement and balance sheet works of art,historical treasures,or other similar assets held for public exhibition,education,or research in furtherance of public service,provide the following amounts relating to these items (i) Revenue included in Form 990,Part VIII,line 1 $ (ii)Assets included in Form 990,Part X M.$ If the organization received or held works of art,historical treasures,or other similar assets for financial gain,provide the following amounts required to be reported under SFAS 116 (ASC 958)relating to these items a Revenue included in Form 990,Part VIII,line 1 0-$ b Assets included in Form 990,Part X 1i $ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5 2283 D Schedule D(Form 990)2014 Schedule D (Form 990)2014 Page 2 i Or anizations Maintaining Colleetions of Art, Historical Treasures, or Other Similar Assets (continued) Using the organization's acquisition,accession,and other records,check any ofthe following that are a significant use of its collection items (check all that apply) a r Public exhibition d F Loan or exchange programs b r Scholarly research e F Other c r Preservation for future generations 4 Provide a description ofthe organization's collections and explain how they further the organization's exempt purpose in Part XIII 5 During the year,did the organization solicit or receive donations of art,historical treasures or other similar assets to be sold to raise funds rather than to be maintained as part ofthe organization's collection? F Yes F No • Escrow and Custodial Arrangements. Complete If the organization answered "Yes" to Form 990, Part IV line 9, or reirorted an amount on Form 990, Part X line 21. la Is the organization an agent,trustee,custodian or other intermediary for contributions orother assets not included on Form 990,Part X7 F Yes F_No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount C Beginning balance lc d Additions during the year Id e Distributions during the year le f Ending balance if 2a Did the organization include an amount on Form 990,Part X, line 21,for escrow or custodial account liability? r Yes r No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . r •• Endowment Funds. Complete if the or 'anizatlon answered "Yes"to Form 990„ Part IV, line 10. _ (a)Current year (b)Prior year b(c)Two years back (d)Three years back (e)Four years back la Beginning of year balance . V Contributions . . Net Investment earnings,gains,and losses d Grants or scholarships . . . . e Other expenditures for facilities and programs . . f Administrative expenses g End of year balance . . 2 Provide the estimated percentage ofthe current year end balance(line 1g,column (a))held as a Board designated or quasi-endowment I'-- b Permanent endowment► c Temporarily restricted endowment lb- The The percentages in Imes 2a,2b,and 2c should equal 100% 3a Are there endowment funds not in the possession ofthe organization that are held and administered forthe organization by Yes No (i)unrelated organizations . . . . . . . . . . . . . . . . . . . 3a(i) (ii) related organizations . 3a(u) b If"Yes" to 3a(ii),are the related organizations listed as required on Schedule R? . 3b 4 Describe in Part XIII the intended uses ofthe organization's endowment funds Land, Buildings, and Equipment. Complete If the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990 Part X, line 10. Description of property (a)Cost orother (b)Cost or other (c)Accumulated (d)Book value basis(investment) basis(other) depreciation 1a Land . 736,8631 736,863 b Buildings 13,523,558 1,344,086 12,179,472 c Leasehold improvements . . d Equipment . 44,381 38,0521 6,329 i ther . . . . . . . . . . . . . . . . . 8,7528,342 410 Total.Add lines is through l e (Column(d)must equal Form 990,Part X,column(B),line 10(c).) ► 12,923,074 . - .._.. Schedule D(Form 990)2014 Schedule D(Form 990)2014 Page 3 Investments—Other Securities.Complete if the organization answered'Yes'to Form 990, Part IV, line lib. See Form 990, Part X, line 12. (a)Description ofsecunty or category (b)Book value (c)Method of valuation (including name cf security) Cost or end-of-year market value (1)Financial derivatives (2)Closely-held equity interests __ m.... Other — ........ .___.. .. ....._._., u... ,_.. __._........... ... _.�....-- Total.(Column(b)must equal Form 990,Part X,col (B)line 12) ► � Investments—Program Related.Complete If the organization answered'Yes'to Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a)Description of investment (b)Book value (c)Method of valuation Cost or end-of-year market value Total- :> .-,:(b)must equal Form_990,Part X,col(B)line 13) Other Assets. ..e a ifthe organization answered'Yes'to Form 990 Part IV,line 11d Sze Form 990 Part X line 15 ..- --a ___.___ _ ,.._,.. . (a)Descnption g, (b)Book value (1)PROPERTY UNDERDEVELOPMENT ....... ........... ................�... ... 195,736 (2)DEPOSITS _ _.... ,,.., .. 6,746 (3)SUSTAINABILITY PROPERTY MANAGEMENT Total.(Column(b)must equal Form 990,Part X,col.(B)line 15.) ■ 202,48_2_ Other Liabilities.Complete If the organization answered'Yes'to Form 990,Part IV, line 11e or 11f.See Form 990, Part X, line 25. ......... .......... 1 (a)Description of liability (b)Book value_.. Federal income taxes DUE TO INVESTOR SECURITY DEPOSITS 86,509 DEFERRED GRANT REVENUE20,227 Total.(Column(b)must equal Form 990,Part X,col(6)line 25) F( m 106,736 2.Liability for uncertain tax positions In Part XIII,provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48(ASC 740) Check here if the text of the footnote has been provided in Part XIII Schedule D(Form 990)2014 o, CA W kD %0 v - N o co co C rn t0 i0 c0 cD cp N m N co co co M M d co co co D. N N Q [O co co 2 01 m 01 OL o " a € uc v o LL = L m .. O � C O __ _ ... ......... L N M Ln a N M Ln p t CL ..._.._. ..r ......... O C t c m CL a n x ' W y a) 3 > E FA tf 4j u ++ o c c a a� Lo o N Ar'ov v Q qq r N N ,--1 .. fc, w W N c +�+ N ' c N O ki E ',, N > m C N fo Y c i �• C — C O N a) a) �' C a M �,,, Ln = C _ L7 O d.. .. C C 0 ti X 'Lc_L d o _ rn LL c o a X w m L m m a L. m o a m r - m 3 a o ai o Q - o Lri o ° Ln Q 7 0) C lT Y L. m N Ch --D L O m - O1 in u Ch a) m M a,in Q o E o E G o c E m = N LL m `" w U) w w M o cn LL a O W a) o v = r� o v o t0 �.•O a C Y lu a O -0 Y �—' m r. N j a) Ln c c = v �+ c = a v m e ON c .�" r:: wW q. o W o Ofa ( 71 E ® - rn°E' Ln 11 Ln O aam = � Mm pC.L X x Y x N al m _ m o m N c c aNi C N c N •a c c c o LL O — " U a) m N m C O L6 O m N N m — C U �..• N C Ln C T d - C a3 a — N C C N ri fO C O C m L Oi EO O N .a p fo • d O N 4. d O C E o aci c n E E o w E Q (n c c u a -0 -5 N j a -0 m Q .0 i a u ^ s L aJ a -0 'n y o a C L u a) o al - I v p a) > > > L Y N aXi (m�p (V Y x w Ol O O C C N N Ln N N C C_ C !n C C O p = C a) Lo a) N C C Y Ln '0' C u viQ. L � U al — — to N a) — N a) V al — Ln — — C N .� m L ,�, v O C 0 cu ,n m 0 u Qd �' a w m Ln a Y n a) a) n a (n Ln a o Q: +� c m m - c c E c v x Y a) o a a) V Y E D a) x a) > L - fLo ] N i _ — N C T C L C m C Y L C a) _0 V Y O m m m +• cLY m LYa) — aC) CaC O E O -o 7 Y >N o0 Q a O O Q Q -o O w > i i N N V •O G! M 0 S1 ULA ® ri N LO � U M 0 m � A .0 V � ®• a 2 c n Ln� o � N a C E O V Q s C 0 .1 Q X W Qj Q� V C O l0 E, L 0.- _ -..-. -..... 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'-' E -0 0) o ca m o CLm (D co c > cn U) Z Cl) a, a) E E a) w O O U O O u z a, CL C oU 7 v N Z; zQ (n a) ON� LIO O J W o j0 uj mz J rn a' _ U mC14 LO G) LO CLQ L F cn O O •d C f LL O a O L W o m J J J J J J E a) = O > > > > > > 0 V E 0O LL o z z Ch 2:22 PM Neighborhood Renaissance, Inc. 07/13/18 Accrual Basis Income Statement Projection October 2017 through September 2018 Oct'17-Sep 18 Ordinary Income/Expense Income 41030• Grants 335,230.58 42000• Contributions/Sponsorships 20,246.80 44000 Board Fundraising 5,859.13 45100 Unrestricted Rent 74,917.30 45105 Pleasant City Developer Fee 24,821.08 45106 Ground Lease Rent 2,400.00 46000• NSP 1 Rent 42,614.00 46002 • Gain on Sale 68,981.24 46100 • Bank Contributions 60,000.00 46101• NSP 2-Mngm. Fee 127,635.63 46102• NSP 1- Mngm. Fee 9,912.44 46105 •CHDO-Mngm. Fee 3,086.04 46106 Unrestricted-Mngm. Fee 7,491.37 46107 Application Fee 100.00 46200 NSP 2 Rent 562,983.00 46201 CHDO Rent 13,718.00 Total Income 1,359,996.61 Gross Profit 1,359,996.61 Expense 51000• Payroll 325,716.05 51050•Temporary Labor 35,489.50 51100• Payroll Taxes 26,465.75 51110• Employee Benefits 50,042.76 52250• Fundraising 684.00 52300• Fees 948.55 53100•Train ing/Co nfs/Meetings 3,953.81 54020 Storage Rent 643.00 54050 Insurance 8,256.46 54100• Office Supplies 1,402.43 54101•Office Expense 5,155.29 54150• Postage &Shipping 634.88 54151 • Marketing/Advertising 1,489.44 54201 Subscriptions 1,407.20 54250 Professional Fees 9,609.25 55000 Telephone 1,574.02 55100• Project seed fund 6,287.88 55200• Unrestricted Rental 44,242.48 55500• Equipment 698.51 55520 • Membership Fees 510.00 60060• PBCNSPI 27,578.43 60061• PBCNSP2 399,453.42 60062 • CH DO- Home 9,091.56 60068 • N5P2 Properties 46,479.61 Page 1 of 2 2'22 PM Neighborhood Renaissance, Inc. 07/13/18 Accrual Basis Income Statement Projection October 2017 through September 2018 Oct'17-Sep 18 61700 504/510 Interest 1,452.97 65600 Payroll Expenses 5,896.65 66600 City of WPB Interest 342.06 66700 VC loan FLCLF 4,599.74 Total Expense 1,020,105.70 Net Ordinary Income 339,890.91 Other Income/Expense Other Income 46202 • Interest Income- NSP2 2,049.26 61500• Interest Income 3,582.40 Total Other Income 5,631.66 Other Expense Total Other Expense 0.00 Net Other Income 5,631.66 Net Income 345,522.57 Page 2 of 2 14. Marketing Plan Our marketing program begins upon application of building permits.The marketing program includes listing on the Multiple Listing Service of which NR's wholly owned Realtor company, Your Way Home Realty is a member. o Work with the Boynton Beach Faith based CDC to affirmatively market homes to their buyer pipeline. o Regional Multiple Listing Service o Individual posting on national listing websites such as Zillow, Trulia, Realtor.com o Presentation to local real estate offices, property signs, Neighborhood Renaissance's website and social media o A dedicated project website will be created to promote this new community its features and amenities, and, the home plans o Outreach to local housing organizations and homebuyer counseling agencies o We project executing contracts within 2 months of construction start of the homes. Target Market and Marketing of the Homes • We will be targeting households earning<= 120%AMI. 2018 Maximum Income Limits Household Size 120%AMI 1 $64,680 ...._ 2 $73,920 3 $83,160 4 $92,280 --- 5 $99,720 --- --- Effective 3/30/2018 by HUD(HOME)and subject to change We regularly participate in the following actives to fill our buyer pipeline: • Presentations about our services and available homes to potential clients at area Homebuyer Workshops, Neighborhood Associations, Child Care Center Parent Meetings, and Social Service Agency Client and Staff Meetings • Attendance at several Home Buyer Fairs held each year around the county • Distribution of property sales brochures in various community gathering places throughout our targeted neighborhoods Page 34 of 40 • Email to our contacts at bank lending institutions and countywide housing and community development departments • Email and telephone calls to our existing pipeline of clients and partners for referrals • Maintenance of detailed log of applicant inquiries and follow up communications • To additionally ensure that the availability of our homes for sale is widely known, marketing efforts are undertaken on the internet. We regularly post information about our available homes on the following websites: o Our websites include www.neighborhoodrenaissance.org and www.yourwayhomerealty.com o Multiple Listing Service of the Realtor's Association of the Palm Beaches o Trulia,Zillow and Realtor.com o We have been very successful finding qualified buyers even before construction begins by listing the homes on the Multiple Listing Service. Affirmative Fair Housing Marketing Plan Neighborhood Renaissance, Inc. (NRI) has developed and will continue to implement an Affirmative Marketing and Minority Outreach Plan for the sale and lease of our homes and in the delivery of housing and financial literacy services. The plan outlines actions to be taken to provide information and to attract eligible persons without regard to race, color, national origin, sex, familial status, disability, marital status, age, gender identity or expression, or sexual orientation. Examples of actions that are taken include the following: • Presentations at Financial Literacy and First-time Homebuyer Workshops o NR housing staff requests presentations at first-time homebuyer workshops sponsored by other nonprofit organizations throughout Palm Beach County including the Urban League of Palm Beach County and Housing Partnership. • NRI is also a member of the Palm Beach County Community Land Trust Network and participates in joint marketing activities. • Regular Material Distribution and Attendance at Meetings of Community and Neighborhood Organizations: o NRI representatives provide outreach to existing community and neighborhood groups throughout our service area to ensure that the existing residents have an opportunity to purchase/lease our homes and benefit from our services. Our efforts have included outreach to the following entities: • Boynton Beach Community Development Corporation • County Head Start Programs including Boynton Beach • Legal Aid of Palm Beach County • Florida Rural Legal Services Page 35 of 40 • Fair Housing Center of the Palm Beaches • Community Land Trust of Palm Beach County • Palm Beach County CLT Network • Housing Leadership Council of Palm Beach County • Adopt-a-Family • The Lord's Place • Delray Beach Community Land Trust • Palm Beach County School Board Requests are also made for the inclusion of postings on City and Redevelopment Agency, and County websites. In working with the Boynton Beach Faith based CDC to affirmatively market homes to their buyer pipeline, the CDC will provide the following: • The CDC will identify, educate and counsel prospective homebuyers. • Conduct homebuyer education and financial literacy classes,to include credit counseling to prospective buyers, ensuring they are "mortgage ready" and connecting them to down payment assistance programs. • Assist with disseminating information in the community regarding home buying opportunities. • Verify household income of members and complete income certifications to ensure federal/state program compliance. • Create a pipeline of"mortgage ready" buyers seeking homeownership opportunities. • Facilitate the mortgage application and approval process of perspective homebuyers. Provide guidance and support when needed to buyers desirous of homeownership. • Facilitate the sale of homes as they become available and ready for sale. • Source subsidy financing, conduct research on available public funding and complete applications, as well as advocate for same. Page 36 of 40 15. Acknowledgement Letter Please see the executed acknowledgement letter behind this page. Page 37 of 40 ATTACHMENT"D" ACKNOWLEDGMENT LETTER PROPOSERS SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE Re: Boynton Beach Community Redevelopment Agency Cottage District Infill Housing Redevelopment Project, Request for Proposal/Request for Qualifications (RFP/RFQ) dated May 14 .2018 To Whom It May Concern: The undersigned has read the Boynton Beach CRA (BBCRA) Request for Proposal/Request for Qualifications (RFP/RFQ) for the Cottage District Infill Housing Redevelopment Project dated May 14 .2018. On behalf of our proposal team,we agree to and accept the terms,specific limitations, and conditions expressed therein. We have read, rely upon, acknowledge and accept the BBCRA's disclosure and disclaimer,which is fully incorporated by reference into this letter, and certify that all of the requirements as described in the RFP/RFQ are enclosed. Sincerely, Neighborhood Renaissance,Inc. Name of Proposer Terri Murray,Executive Director Print Name and Title Authorized Signature (Must be able to legally bind the Proposer) -1 Ili 1 iJr Date 00980203-1LLW,05.14.18_W/Q_BBCRA Page 19 of 36 16. PowerPoint Presentation t Please see our PowerPoint presentation behind this page. 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IL Q N Ln L O U- a 4 1 c _(D O O C i to O Q 4- �•d C L _ to C C tao N 4r -0DO :3V j U 0 E Q U m '� C QJ N O U H = a Q rN Q a 0 0 0 vii cn 17. List of Civil and Criminal Legal Actions There are no current criminal legal actions nor have there ever been any criminal legal actions against the proposer. In addition, there are no current civil legal actions nor have there been any in the past four years. Page 39 of 40 I 18. All Other Requirements and Attachments Please see required attachments behind this page. Page 40 of 40 ATTACHMENT"C" PROPOSER(S) INFORMATION Name: Nei(-3,hborhood_Renaissance,_Inc. Street Address: 510 24th Street,Suite A Mailing Address (if different): City, State, Zip: . - ,Palm Beach,,F1_,33407, Telephone No. 561-832-6776 :Fax No: 56.1-832-0483 Email Address of Contact Person: tmurrav@neighborhoodrenaissance.or„,x Ownership Status - Is the company currently for sale or involved in any transaction to expand or to be acquired by another business entity?If yes,please explain the impact to the organization and management efforts. No. Age of Organization—In continuous business since: 26 years 1992 Leadership -List Corporate Officers, Principals, Partners or owners of your Organization with titles and addresses. If a publically held company, list Chairman of the Board, CEO, and President: See attached list of board members and officers. Federal Identification No.: 65-0352279 State of Incorporation&Registration No.: Florida- N49255 . If not a corporation, explain your status: 00990203-u_s,w,09.14.19_RFP/Q_BBCRA Page 18 of 36 ATTACHMENT"K" ENERGY EFFICIENCY CHECKLIST The respondent will ensure that,to the greatest extent possible,all construction within the proposed Cottage District development meets the following minimum standards. Through the execution of this Exhibit,the Proposer is certifying that the following elements checked below will be incorporated into their development plan. Energy-efficient Construction Techniques and Products m,' Proper installation of insulation to ensure even temperatures throughout the house per FBC- Residential requirements B/ Installation of high performance impact windows per Florida Building Code (FBC)-Residential requirements o/ Installation of energy-efficient HVAC systems-Energy Star compliant a� Installation of new Energy Star compliant products including light fixtures,LED bulbs, ventilation and exhaust fans and appliances (refrigerators,dishwashers,and washer/dryer machines) Imo_roved Indoor Environments Building envelope,duct systems and vents must be properly sealed to prevent cracks and holes ml Carpet, pads,and other surface materials and installation must comply with the Carpet and Rug Institute's Green Label Certification iV Utilization of only low Volatile Organic Carbon paints,finishes,and sealants ul Utilization of proper water vapor barrier and other applicable sealing methods to eliminate any possibility of mold Installation of programmable thermostats in all units Increased Water Efficienc P/ Installation of low volume,non-spray irrigation system Incorporation of landscape practices recommended by the University of Florida's Florida Friendly Landscape Program (http/Jfyn.ifas.ufl.edu/) and compliance with the Landscape Regulations of the City of Boynton Beach. w Installation of low flow toilets and sink faucets I, (Proposer's Signature and Printed Name) certify that the items checked above will be incorporated into the development plan. 00980203-iis.w,05.14.18_RFP/Q_BBCRA Page 31 of 36 ATTACHMENT"L" PUBLIC ENTITY CRIMES STATEMENT A person or affiliate who has been placed on the convicted vendor list following a conviction for public entity crime may not: submit a bid proposal, or reply on a contract to provide any goods or services to a public entity; submit a bid proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work;submit bids proposals,or replies on leases of real property to a public entity; be awarded or perform work as a contractor, supplier, subcontractor or consultant under a contract with any public entity; or transact business with any public entity in excess of the threshold amount provided in Section 287.017, Florida Statutes, for CATEGORY TWO for a period of thirty-six(36) months from the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that Bidder complies fully with the above requirements. Proposer's Signature Terri Murray Print Name Executive Director Title Date 00980203-1LLW,05.14.18_M/Q_BDCRA Page 32 of 36 ATTACHMENT"M" CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM I certify the firm of NeiLghborhood Renaissance,Inc. responding to this RFP/RFQ maintains a drug-free workplace program,and that the following conditions are met: (1) We publish a statement notifying employees that the unlawful manufacture, distribution, dispensing,possession,or use of a controlled substance is prohibited in the workplace;and specifying that actions will be taken against employees for violations of such programs. (2)We inform employees about the dangers of drug abuse in the workplace,the company's policy of maintaining a drug-free workplace, any available drug counseling, rehabilitation, and employee assistance programs, and the penalties that may be imposed upon employees for drug abuse violations. (3) We give each employee engaged in providing the commodities or contractual services included in this RFP/RFQ a copy of the statement specified in Subsection (1). (4) In the statement specified in Subsection (1), we notify the employee that, as a condition of working in the commodities or contractual services covered under this RFP/RFQ they will abide by the terms of the statement; and will notify the employer of any conviction of, or plea of guilty or nolo contendere to any violation of Chapter 893 or any controlled substance law of the United States or any state, for a violation occurring in the workplace no later than five (5) days after such conviction. (5) We impose a sanction on, or require the satisfactory participation in a drug abuse assistance or rehabilitation program if such is available in the employee's community, by any employee who is convicted. (6) We make a good faith effort to continue to maintain a drug-free workplace through implementation of this section. As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements. Authorized Signature: -' Date , Name&Title (typed) Terri Murray,Executive Director 00980203-1LLW,05.14.18 RFP1Q_BBCRA Page 33 of 36 ATTACHMENT"N" ADDENDA ACKNOWLEDGEMENT Receipt is hereby acknowledged of the following addenda to the The Boynton Beach Community Redevelopment Agency Request for Proposals and Developer Qualifications Cottage District Project Site By entering checking YES or NO in the space provided and indicating date received. No.1 ❑X Yes ❑ No Date Maim 24, 2018 No.2 X❑ Yes ❑ No Date_.lune 14, 2018 No.3 ® Yes ❑ No Date fuly 2, 2018 No.4 ❑ Yes ❑ No Date No. 5 ❑ Yes ❑ No Date RFP/RFQ INFORMATION WAS OBTAINED FROM: ® BBCRA Website ❑ Newspaper Ad ❑ City Hall ❑ Other,please specify: Proposer's Signature Terri Murrav Print Name Executive Director Title `�lic,l o Date 00980203-IUW,05.14.A_RFP1Q_BBCRA Page 34 of 36 ATTACHMENT"0" PROPOSAL CHECKLIST This Checklist is provided as an abbreviated reference to Paragraph I,Proposal Submission Requirements. This checklist is NOT intended to replace the requirements of Paragraph I: 1. Provide a written general statement of the qualifications of the Proposer. 2. Provide a certificate of good standing from the Secretary of State of Florida and the state in which the corporation is headquartered,if not Florida. 3. V ,Provide a copy of the commercial lease agreement,if any,or proof of property ownership at the location the Proposer is currently licensed to do business. 4. V Provide a list of personnel that will be part of the proposed project's development or management team, along with their professional qualifications and a list of similar projects on which they have actively participated. 5. Provide a written list of similar projects developed by the Proposer that were completed within the last five years, including photographs, addresses, date the projects were completed, and general project description. 6. V Provide a detailed description of the proposed project,with text and graphics.This should include but not limited to a schematic site layout plan; proposed density, intensity, and height; parking locations; typical floor plans; and elevations, as well as the items listed in Paragraph F, "Architectural and Design Considerations,"and Paragraph H,"Proposal Requirements for Project Site Plan,"of this RFP/RFQ document. 7. V Provide a breakdown of the proposed total number of housing units and housing unit types (attached or detached),including number of bedrooms and bathrooms,and square footage for each unit type. 8. V Provide both a development and operating pro forma. The development pro forma shall include and clearly identify the cost of land acquisition from the BBCRA along with any proposed funding assistance being requested of the BBCRA,if any. 9. "Vf If the project is proposed to use other project based subsidies, Proposer must demonstrate extensive experience with obtaining such project-based subsidies for affordable housing by listing projects and the amount and type of subsidy utilized. 10. V — A program description of how the Developer will make attempts to utilize local residents,qualified contractors,and sub-contractors in the development,construction,operation and management of the proposed project. 11. A signed written statement of intent to purchase the project property indicating the proposed purchase price along with a statement of willingness to execute a Purchase and Development Agreement within ninety(90) days of selection if selected. 12. V Authorization to Perform Credit Check for each Proposer entity. The Authorization must be executed by the appropriate officer of Proposer entity. See Attachments "E" and "F," Authorization forms. IF 13. _ .Proof of financial capability to complete the proposed project. 00980203-urw,05.14.18_PPP/Q_BBCRA Page 35 of 36 14. f The Proposer must submit a Marketing Plan which will indicate how the units will be sold, strategies of outreach to the end users and community,proposed recommended sale price ranges that are supported by the finance plan and proforma, and the project's proposed absorption rate. 15. An acknowledgement letter attesting that the Proposer has read and understands all procedures of this RFP/RFQ(see Attachment"D"). 16. A promotional PowerPoint presentation of the Proposal,consisting of 10 to 15 slides. 17. A list of all civil and criminal legal actions in which each Proposer entity(and its parent entity if it is a subsidiary) is currently a named party or was a named party in the past four (4) years, providing the case number, case description, the state of jurisdiction, and disposition of each case.Proposer(s) may include any additional relevant information. Ar 18. All other requirements contained in this RFP/RFQ, including all attachments that request a response or information from the Proposer. Proposer's Signature Terri Murray- Print Name Executive Director Title Date 00980203-11LW,05.14.18_RFP/CLBBCRA Page 36 of 36 ATTACHMENT II Summary of Cottage District Project Development Related Activities with Neighborhood Renaissance. Inc. • February 20, 2019: CRA staff and the NRI development team met at the CRA office to review the two site plan options, project costs, pricing and other relevant issues in preparation for the March 7, 2019 CRAAB meeting. • February 12, 2019: Presentation of conceptual development site plans and financial conditions. CRA Board assigned the CRAAB with the preliminary review and recommendation of conceptual development site plans and financial conditions. • January 2, 2019: CRA staff and City of Boynton Beach staff from the Utility, Engineering and Public Works Departments met at the CRA office to discuss the existing services impacting the proposed project. These existing conditions relate to items such as but not limited to inadequate water and storm water service lines,sewer out-flow and inconsistent right-of-way widths. All of these items will have a major affect the cost of any future project. • December 5,2018: A site plan and elevation meeting was held with the NRI development team and CRA staff at the CRA offices to discuss the project elements in more detail.As of the date of this meeting, there was still a lack of information concerning the cost breakdowns for each element of the project. CRA staff will continue to work with NRI on pertinent issues until the January 8, 2019 Board meeting. • November 29, 2018: CRA staff met with the City's Engineering, Public Works and Public Utilities Departments in order to verify existing conditions and future expectations resulting from construction of the project. These items will have an effect on project costs and are better planned for during the due diligence period rather than after the project begins. • October 12, 2018: CRA staff coordinated a site plan pre-application meeting with the NRI Development Team and City staff to discuss two "conceptual" project layout variations (see Attachment I). This meeting was very productive and generated much needed land development regulation and site plan related comments from City staff. Since the October 12th pre-application meeting, CRA staff has completed the soil percolation testing performed by Nutting Engineers and is in the process of updating the property survey with Avirom&Associates. • September 18, 2018: CRA staff met with representatives of the NRI development team to discuss their proposal, number and types of units, the construction pro-forma and financing options as well as the overall feasibility and timing of the project. 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L U ' CU- LLJ -j is ,y 0 LU uj UJ Lj tn .t �J L f0 E k E�3 u. R�uk MA �, o c i rn a� v E o E m o o � N cv -O u H Z Q � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 NEW BUSINESS AGENDAITEM: 15.A. SUBJECT: Discussion and Consideration of the Purchase for the Property Located at 1101 N. Federal Highway SUMMARY: On February 4, 2019 the owners of the property located at 1101 N. Federal Highway met with CRA to discuss the sale of the property to the CRA(see Attachment 1). An appraisal on the property was performed on February 8, 2019 and the fair market value was listed as $116,000 (see Attachment 11). The owners of the property have reviewed the appraisal and negotiated with CRA staff for a sale price of $140,000 along with paying off the outstanding liens on the property as listed below. If acquired, the CRA would also be responsible for the demolition of the building. The property lien search includes the following (see Attachment 111): • Case #16-506 - Code Compliance Lien $489,634.12 owed as of 1/4/19 with a daily running fine of $500.00. On March 1, 2016 the Building Dept. declared the building unsafe due to structural damage to the south, east and west side of the building — No permit was issued for the repairs made by the owner on the structure - The City is requiring the building to be demolished. The CRA has the advantage of working with the City to reduce this lien to administrative costs which is estimated to be approximately$2,500.00 • Case #15-2595 - Lot mowing lien as of 2/13/19 in the amount of $628.90 (with accruing interest). • Case #16-1531 - Lot mowing lien as of 2/13/19 in the amount of $1,015.48 (with accruing interest). If the CRA Board does not approve the purchase of the property, the City will proceed with their due process for demolition of the building under their authority. FISCAL IMPACT: FY 2018 - 2019 Budget, Project Fund, Line Item 02-58200-401 - $140,000 plus closing costs and liens in the approximate amount of $2,700.00. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Federal Highway District CRAAB RECOMMENDATION: The CRAAB recommended purchasing the property for the appraised value of $116,000 plus 5% ($5,800)for a total purchase price of $121,800. If acquired, the CRA would be responsible to work with the City to resolve the existing liens as outlined above. CRA BOARD OPTIONS: 1. Approve the purchase of the property located at 1101 N. Federal Highway for a total purchase price of $121,800. If acquired, the CRA would be responsible to work with the City to resolve the existing liens as presented. 2. Approve the purchase of the property located at 1101 N. Federal Highway for a total purchase price of $140,000. If acquired, the CRA would be responsible to work with the City to resolve the existing liens as presented. 3. Provide alternative contractual terms to be negotiated with the Seller. 4. Do not purchase the property. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -Appraisal D Attachment III - Lien Search iu yy`t` } k 1, t £ Qp _ fi } } _ - � tis7�f��SS��y i�� i�t it i�f �t • } � __ + �1 _ - \ �i } t.. I i - i tF i r •.rz: }.,, f`n's;.. s 6.I ' ' ' ',.-. ',,,,ttfSiU, u�,;},;��;',,',,',,',.-. J(ftl, 'r r o N d m 10 " re C ��7 r�ri i,�.i � h� �•^ Y? � i'`' "rr�w ;., }1 '�- cr ,�y � � re to r'' > ' w N s l; t k... - ei N r LLJ kN cl 12 u t + ('4I ��; APPRAISAL REPORT COMMERCIAL PROPERTY 1101 NORTH FEDERAL HIGHWAY BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 February 8, 2019 Vance Real Estate Service sf, February 8, 2019 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 - i i RE: Commercial property, 1101 North Federal Highway, Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of February 8, 2019. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2018-2019). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE HUNDRED SIXTEEN THOUSAND DOLLARS $116,000 I (THIS LETTER MUST REMAINATTACHED TO THE REPORT WITH SEVENTY-TWO(72) NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 MBA REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 4`h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 Photographs o the Subject ect Property 5 1-3-5 Mile Location Map 6 1-3-5 Mile Demographic Statistics 6 Summary of Important Facts and Conclusions 9 DESCRIPTIONS ANALYSES & CONCLUSIONS 10 I entity ot Client and Intended User 11 Intended Use 11 Identification of Real Estate Appraised 11 Ownership 11 Property Address 11 Legal Description 11 Real Estate Tax Analysis 12 Market Area Description 13 Zoning 19 Site Description 19 Improvement Description 20 Real Property Interest Appraised 21 Appraisal Purpose and Definition of Market Value 21 Effective Dates of the Appraisal and Report 22 Scope of the Work 22 Summary of Information Considered 23 Property History 23 Highest and Best Use 24 SALES COMPARISON APPROACH-LAND VALUATION 27 Land Sales es map 29 Land Sales documentation 30 Land Sales Comparison Chart 44 Valuation by the Sales Comparison Approach 45 FINAL VALUE OPINION 49 Certification and Limiting Conditions 50 ADDENDA 52 Acquiring Deeds of Appraised Property 53 Aerial View of the Appraised Property 57 "C-4" zoning information 58 USPAP Standards Rule 2-2a 61 Qualifications of the Appraisers 63 INTRODUCTION East Subject Building Elevation South Building Elevation 2 3 SljpO - West Building Elevation Lookin NE Valued Pro ert� Fns 4 n 10 P • v, ....� ., - ''�-'�t�.k ,��,;°��,�.� ,' Sh?,r t�x!LMt�i ;. t U� � ' i` �.r�=„='� �G�S - `��. ` � '� FEC RR Tracks to West of Subject MLK,Jr Blvd lookin East e t, £�,�fit �s� t;11r�7GfiS; m , 7 N.Federal Highway Looking North MLK,Jr.Blvd.looking West PHOTOS OF THE VALUED PROPERTY 1101 N.Federal Highway Boynton Beach,Florida 33435 5 ................................................ .........................11........................ ........................................................................................................................................................................................................................... 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Federal Highway Boynton Beach, Florida 33435 6 • Gesn" 1101 N Federal Hwy, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICEi Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 12,341 68,369 153,652 2010 Population 12,629 77,288 170,089 2018 Population 14,108 84,896 185,069 2023 Population 15,118 90,742 196,071 2000-2010 Annual Rate 0.23% 1.23% 1.02% 2010-2018 Annual Rate 1.35% 1.14% 1.03% 2018-2023 Annual Rate 1.39% 1.34% 1.16% 2018 Male Population 49.0% 47.9% 47.9% 2018 Female Population 51.0% 52.1% 52.1% 2018 Median Age 43.9 43.4 46.1 In the identified area, the current year population is 185,069. In 2010, the Census count in the area was 170,089. The rate of change since 2010 was 1.03% annually.The five-year projection for the population in the area is 196,071 representing a change of 1.16% annually from 2018 to 2023. Currently, the population is 47.9% male and 52.1%female. Median Age The median age in this area is 43.9, compared to U.S. median age of 38.3. Race and!Ethnicity 2018 White Alone 39.4% 59.6% 64.7% 2018 Black Alone 54.4% 31.7% 25.7% 2018 American Indian/Alaska Native Alone 0.5% 0.3% 0.5% 2018 Asian Alone 0.9% 2.0% 2.2% 2018 Pacific Islander Alone 0.0% 0.0% 0.0% 2018 Other Race 2.5% 3.6% 4.1% 2018 Two or More Races 2.2% 2.8% 2.7% 2018 Hispanic Origin (Any Race) 11.0% 17.3% 18.7% Persons of Hispanic origin represent 18.7% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 66.2 in the identified area, compared to 64.3 for the U.S. as a whole. Households 2000 Households 4,805 29,667 67,123 2010 Households 5,001 32,863 72,836 2018 Total Households 5,635 36,082 78,766 2023 Total Households 6,065 38,634 83,389 2000-2010 Annual Rate 0.40% 1.03% 0.82% 2010-2018 Annual Rate 1.46% 1.14% 0.95% 2018-2023 Annual Rate 1.48% 1.38% 1.15% 2018 Average Household Size 2.48 2.32 2.33 The household count in this area has changed from 72,836 in 2010 to 78,766 in the current year, a change of 0.95% annually. The five-year projection of households is 83,389, a change of 1.15% annually from the current year total. Average household size is currently 2.33, compared to 2.31 in the year 2010.The number of families in the current year is 45,383 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. February 09, 2019 7 • Gesn" 1101 N Federal Hwy, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2018 Median Household Income $39,849 $50,209 $52,592 2023 Median Household Income $46,486 $56,436 $59,921 2018-2023 Annual Rate 3.13% 2.37% 2.64% Average Household Income 2018 Average Household Income $63,576 $70,424 $77,262 2023 Average Household Income $75,102 $83,252 $91,238 2018-2023 Annual Rate 3.39% 3.40% 3.38% Per Capita Income 2018 Per Capita Income $25,519 $30,551 $33,245 2023 Per Capita Income $30,178 $36,049 $39,141 2018-2023 Annual Rate 3.41% 3.37% 3.32% Households by Income Current median household income is$52,592 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $59,921 in five years, compared to $65,727 for all U.S. households Current average household income is$77,262 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $91,238 in five years, compared to $96,109 for all U.S. households Current per capita income is $33,245 in the area, compared to the U.S. per capita income of$31,950. The per capita income is projected to be $39,141 in five years, compared to $36,530 for all U.S. households Housing 2000 Total Housing Units 5,984 35,468 80,252 2000 Owner Occupied Housing Units 3,205 21,293 50,053 2000 Renter Occupied Housing Units 1,600 8,374 17,071 2000 Vacant Housing Units 1,179 5,801 13,128 2010 Total Housing Units 6,688 41,744 91,479 2010 Owner Occupied Housing Units 3,071 21,069 50,277 2010 Renter Occupied Housing Units 1,930 11,794 22,559 2010 Vacant Housing Units 1,687 8,881 18,643 2018 Total Housing Units 7,326 45,013 97,152 2018 Owner Occupied Housing Units 3,194 20,939 50,088 2018 Renter Occupied Housing Units 2,441 15,143 28,678 2018 Vacant Housing Units 1,691 8,931 18,386 2023 Total Housing Units 7,815 47,665 102,308 2023 Owner Occupied Housing Units 3,568 22,769 53,999 2023 Renter Occupied Housing Units 2,497 15,865 29,390 2023 Vacant Housing Units 1,750 9,031 18,919 Currently, 51.6% of the 97,152 housing units in the area are owner occupied; 29.5%, renter occupied; and 18.9% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 91,479 housing units in the area - 55.0% owner occupied, 24.7% renter occupied, and 20.4% vacant. The annual rate of change in housing units since 2010 is 2.71%. Median home value in the area is$212,234, compared to a median home value of$218,492 for the U.S. In five years, median value is projected to change by 2.73% annually to$242,865. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. February 09, 2019 8 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Commercial property 1101 North Federal Highway Boynton Beach, FL 33435 OWNERSHIP: Wing and Karen Ho 9174 Chianti Court Boynton Beach, FL 33472-2459 LAND: 4,648 square feet or 0.1067 of an acre IMPROVEMENT: One-story commercial building formerly used as a store, containing 2,460 square feet of enclosed area, constructed in 1958. ZONING: "C-4", General Commercial in the city of Boynton Beach APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Unoccupied store HIGHEST AND BEST USE: As vacant: Small commercial building or redevelopment of the site with adjacent properties for a commercial or mixed use. As improved: Demolished and removed VALUE BY THE SALES COMPARISON APPROACH: 4,648 square feet of land x$25.00 per square foot of land= ONE HUNDRED SEVENTY-ONE THOUSAND DOLLARS 116 000 VALUATION DATE: February 8, 2019 Exposure Time: 12 months prior to selling at the appraised value 9 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2018 - 2019) 2-2(a)(i) State the identity of the client; state the identity of any intended users by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: Wing and Karen Ho 9174 Chianti Court Boynton Beach, FL 33472-2459 Property Address: 1101 North Federal Highway Boynton Beach, FL 33435 Legal Description: Part of Lot 1, Block A, LAKE ADDITION TO BOYNTON, FLORIDA Plat Book 11, page 71, Palm Beach County, FL (Complete legal description in the acquiring deed in the Addenda.) Census Tract No. 61 11 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 2132 008 0010 Land Value: $92,283 Improvement Value: 2,638 Total Value: $94,921 Assessed Value: $94,921 Ad Valorem Tax: $ 1,999 Non Ad Valorem Tax: $ 1,149 Total Tax: $ 3,148 The low improvement value is reflective of the building reaching the end of its useful life. The City of Boynton Beach will demolish and remove the unusable structure. Properties are assessed in arrears by the county property appraiser. The tax bill is issued in November and a 4% discount is given to a tax payer if the amount is paid in November. The discount diminishes until March, when the tax is due and payable. In Florida, the taxable value for non-homesteaded properties can be increased to a maximum of 10% per year, from tax year 2009 going forward, based on a constitutional amendment voted on by the electorate of the state. There are some exceptions relate to school taxing districts. However, the millage of the city can increase; thus, real estate taxes can continue to increase from year to year. 12 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. The subject market area is the Federal Highway District North in the CRA with the following general boundaries: Florida East Coast (FEC) Railroad on the west, Intracoastal Waterway on the east, Northeast 7" Avenue on south and city's northern border on the north. The Federal Highway District South extends along the same east and west boundaries, and reaches the southern end of the city. The Federal Highway corridor is about 2.5 miles long. The strong influence of heavily trafficked Federal Highway is a catalyst to redevelopment of the district with over 2,300 new residential units in five projects in the north district and three in the south, with more planned. Highway beautification projects improved the aesthetics of the market area. The immediate subject market area is the Federal Highway corridor between NE 7 Avenue on the south and NE 15 Avenue on the north. Most of the properties on the east and west side of the highway have shallow depths, inhibiting redevelopment of the sites with larger commercial projects. Assemblages of adjacent properties and rezoning to mixed use will facilitate revitalization of the subject market area. 13 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Freight trains still run through the subject market area on the FEC tracts. Higher speed, passenger Brightline train runs along the FEC tract, but does not stop in Boynton Beach. For now, there are only three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Separating the Federal Highway Districts, North and South is the Boynton Beach CRA Downtown District from NE 6 Avenue on the north to SE 12 Avenue on the south. Federal Highway is also the main north-south artery through the Downtown District. Federal Highway, also known as U S Highway 1, is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Primary east-west arteries are Boynton Beach Boulevard and Ocean Avenue. Boynton Beach Boulevard is the principal east-west artery in city, having an interchange with Interstate 95. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. Ocean Avenue, in the Cultural District of the CRA, is an upgraded streetscape of wide sidewalks covered with pavers, lighting, kinetic sculptures, and bollards. Ocean Avenue continues east of the Cultural District with a drawbridge over the Intracoastal Waterway, reaching Ocean Boulevard. Ocean Avenue extends west through Boynton Beach, with an interruption at Interstate 95. The subject market area is easily accessible by main roads and Interstate 95. 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Just to the west of the Federal Highway North District is the Heart of Boynton District where the CRA has concentrated funds and effort into revitalizing the area with new housing options and upgraded streetscapes. The CRA has purchased numerous smaller properties to assemble larger sites for redevelopment of mixed use projects. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2018 in the one-mile radius is $39,849, for three miles it is $50,209, and $52,592 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400 even though the east part of the circles includes the residents all the way to the Atlantic Ocean. In the one- mile circle, population is 14,108. In three miles, population increases to 84,896; at five miles, it is 185,069. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.16% to 1.39% in the three circles during the next five years as the economy and job market improves in South Florida and new multi- family residential complexes are constructed. 52% of the housing units are owner occupied, with 30% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. Vacancy is reported to be 18%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $212,234 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$218,492 in the United States. The current life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. However, the life cycle stage is changing to revitalization, a period of renewal, modernization and increasing demand with the assemblage of lots and construction of mixed use projects as promoted by the Boynton Beach Community Redevelopment Plan. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to have ended. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. Third party lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. Price range for multi-family dwellings are from about $70,000 to $100,000 per unit based on the same factors. Land unit prices for sites fronting Federal Highway or in close proximity are in the range of about $22.00 to $29.00 per square foot. Land unit prices in the Central Business District are higher which is reflective of more intense use permitted on the site. Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units and 15,757 square feet of commercial space. Town Square, a major redevelopment project, will take place in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which will be demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/ retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The first phase of the project is underway. Boynton Beach Community Redevelopment Agency (BB CRA) issued a Request for Proposals (RFP) and Developer Qualifications for Commercial and Residential Redevelopment for land in the Heart of Boynton District along East Martin Luther King, Jr. Boulevard and NE 9 Avenue. The RFP sections the land into west and east parts. Actual total land size is 5.33 acres. Specific property types for the projects are not specified in the RFP, but they must be consistent with the BB CRA plan for the area. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) The shift in new projects is from single family residential to higher density multi-family. Ocean Breeze East will be a new affordable housing development in the Heart of Boynton at North Seacrest Boulevard and NE 7 Avenue. The Florida Housing Finance Corporation awarded RS Development Corp. tax credits to construct 123 dwelling units on 4.4 acres of land. This developer submitted the successful proposal to the Boynton Beach CRA to purchase the property for the new project. The Boynton Beach CRA purchased properties with improvements that are reaching the end of their useful lives that are located along Federal Highway. The old improvements are demolished and removed, then the sites are sold for the construction of new projects. An example of this is the property at 711 N Federal Highway which had been owned by AmeriGas, then purchased by the CRA. The CRA sold the cleared land to the owner of the property to the north, South Florida Marine for expansion of the business. The CRA also purchased the property 1110 N Federal Highway (Land Sale 1 in this report), where the improvement will also be demolished and removed. If the CRA buys the appraised property, the old improvement will be razed too. Conclusion The redevelopment goal of the Boynton Beach CRA, along with private property owners, is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. The City and the CRA are instrumental in the renaissance of Boynton Beach. The positive price trend for property in the subject market area will continue while revitalization is taking place through the joint involvement of private investors and governmental agencies. Land Use: General Commercial Proposed Land Use: Mixed Use, low intensity CRA District: Federal Highway District - North 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Zoning: "C-4", General Commercial in the city of Boynton Beach. The intent of this district is to accommodate service and intensive commercial establishments and limited light industrial uses. Minimum lot area is 5,000 square feet. Minimum lot frontage is 50 feet; minimum lot depth is 100 feet. Copy of the zoning code is in the Addenda. The appraised site contains approximately 4,648 square feet, not meeting the current size standard in the "C-4" district. However, the lot was platted prior to the current code and would most probably be viewed as a legal, non-conforming lot. City officials make this determination. Site Description: The shape of the site appears to be a parallelogram. Approximate dimensions and size are from public records. North boundary on adjacent property: 106 feet East boundary on N Federal Highway: 44 feet South boundary NE 10 Avenue: 106 feet West boundary on Florida East Coast Railroad right-of-way: 44 feet Total: Approximately 4,648 square feet Utilities: All utilities are available to the site. Access: The site is has frontage on North Federal Highway and NE 10 Avenue. North Federal Highway is a four-laned road with a raised, landscaped median, sidewalks, street lights, storm drains, turn lanes and bicycle lanes. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) NE 10 Avenue is a two-laned local road. There is a traffic signal at the intersection of the two roads. West of Federal Highway, NE 10 Avenue is known as Martin Luther King, Jr. Boulevard. Vehicular access to the appraised land is via a driveway at the southwest corner of the site. The land concerned is adjacent to the east of the FEC Railroad tracks, with a grade level crossing at the intersection of NE 10 Avenue and the tracks. Easements: There is no survey to review; however, utility easements are typically around the perimeter of the site. Improvement Description: The improvement on the subject property is a one-story commercial building which appears to have been used as two stores. The building contains 2,460 square feet and was constructed in 1958. No interior inspection of the building was made; the premises are unoccupied. There are a chain and lock on the front door, and a sign posted by the City of Boynton Beach that no one is permitted to enter the building due to its unsafe condition. The City will demolish and remove the building, thus it is of no contributory value to the property. Environmental Assessment: No assessment was available for review. 20 APPRAISAL REPORT (continued) 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of February 8, 2019. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e.,seller and buyer); 2. the terns of sale(e.g.,cash,cash equivalent,or other terns); and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated; 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. 21 APPRAISAL REPORT (continued) * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & Llyht Co., v. denninss, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: February 8, 2019 B) Date of the Report: February 8, 2019 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the exterior of the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. Data research consisted of collecting, confirming, and reporting sales of land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including Costar Group, Corelogic, Realquest, Loopnet, Palm Beach County Property Appraiser records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. 22 APPRAISAL REPORT (continued) 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal methods used are detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Neither the Cost nor Income Approaches are applicable to appraise the small subject site, which is what constitutes the value of the property concerned. Exclusion of these approaches to value still produces a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. The appraised property was acquired by special warranty deed on August 17, 2012 for a price of $40,000 as part of a foreclosure of a mortgage which financed the purchase of for a prior owner of the property. This price was not representative of market value at the time of sale. A copy of the deed is in the Addenda. There was a quit claim deed between related parties on December 31, 2018, which was also not representative of market value. Copy of deed is in the Addenda. 23 APPRAISAL REPORT (continued) 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is an unoccupied one-story store; however, this is not the highest and best use of the property. The depreciated building has no contributory value to the property. Therefore, the use reflected in this appraisal is vacant land, ready for its highest and best use. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant The land appraised contains 4,648 square feet. It has a corner location at the signalized intersection of North Federal Highway and NE 10 Avenue. The parcel is level and filled to street grade. All utilities are available to the site. The Florida East Coast railroad tracks are adjacent to the west, with a railroad track crossing at NE 10 Avenue. Physical constraint to develop the site is its size which in-turn governs the size of the potential improvement which can be placed on it. Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting and deed restriction, none of which came to light during the property investigation. Land use designation is General Commercial. Proposed land use is mixed use, low intensity. Zoning is "C-4", General Commercial. Minimum lot size is 5,000 square feet. Permitted uses include a variety of commercial and light industrial uses. The appraised land does not meet the size standards for the current "C- 4" district. If permitted to be improved, the site would most probably be a legal non-conformity. Potentially, the subject could be assembled with the property adjacent to the north for a larger development. City officials make the determination as to conformity with zoning codes and as to the legally permissible use of the land. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. As mentioned, assemblages of smaller parcels into larger sites for mixed use development are taking place in the subject market area and in other CRA districts. Once a large site is assembled, the development process can commence with possible zoning and/or land use change to permit mixed use projects such as 500 Ocean or The Villages at East Ocean. On a smaller scale, Land Sales 2, 3 and 4 in this report are examples of less intense assemblages. Future use of the appraised land would be more similar to these instances. Financially feasible use for the subject is either for a small stand-alone commercial property or to assemble it with the property to the north for redevelopment of a larger project. The most probable buyer is a local or regional developer assembling smaller parcels to have sufficient land for a large mixed use project. Time for development is now with revitalization of the subject market area and financing available from third party lenders. Maximally Productive as Vacant In summary, the Highest and Best Use of the land in question is for a small single-occupant commercial building or for assemblage with other properties to the north to construct a larger commercial project or a mixed use project with residential units on the upper floors and commercial use on the ground level. Such uses would be physically possible, probably legally permissible with necessary changes if any, financially feasible and maximally productive. HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Highest and best use of the existing improvement is demolition and removal from the subject site. The structure is 61 years old and outmoded. The City of Boynton Beach has designated the building unsafe for occupancy. Due to the age and condition of the improvement, it is not financially feasible to cure the problems with it. 25 HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Numerous items of incurable physical deterioration and functional obsolescence render the building to have no contribution to the value of the property. Thus, demolition and removal of the building is its highest and best use which is physically possible, legally permissible, financially feasible and maximally productive. 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 26 SALES COMPARISON APPROACH LAND VALUATION c°MM Subject & Land Sale Location flap hg34!lER RD �� Al a r�PIP, i( INDUSTRIAL WAY 1 "—�i� ii �i il4. �� J-f �� r� D1 LAli(ESH 1PoE DR it q �I ' - sfiai-r� 1 g 2k'Avg I C { LAKES.IDE HARBOUR 71O 13 Y n i� Tzar - .TEYA+AY HLVD-- AST 6e'�Inl park a Ji �_ �_ ERIDDE QRS t �,� � �Y 14TH AVE NE z 3' W Il 18TH AVE NE 1ml � [AGO Tf �t Mr'aN.4TEE B.1YdR ISLAND ( �� Cz -15TH,PL Ot IN OCE€�N LET DR iii a tii z f� �9 _ � r 5JT b NW'12TH AVEFr 1 = If 1FI NW 11T H 46E - .� z II JJ � r �i. {� (�NW 9THALE if NE.,STH;AL'E tf z_ NW.8THAVOE I m� n �q _Ii 30� rF z. NE STHtAVE IAl ' Iz p, l ( NE4TH XV, s�! 3RD',AVE ;r EJI l I BDYNTO_N 8Er7CH.BLVD NE YST AVE NE 15T�`AVE J i� z E OOEAN fit,ti/E ��,. ( sei� ❑CERN AVE _f v� ( � I I� 5 1 sE 1 T AVE r 2 HUDSON AVE J 6rryntan Beach' - ; L�` _4sESROAVE} = I �` t 11i SW oR[3 e4VE �= j-y - yni �I P )� SALE AVEIlk 'Ell-, c� srHaVE �� 5T" q�' v C) 1 it SE 8 �— �I SALE 3 HARBouR DR,�� SE 9TH AVE 8 t _ �.Ot9 it C]ALE D`N `t _'SW 1QTH AVE SE 10TH COVE �� t) HARBOUR DR S` tI ASBURY�WAY �11TH AV E_f iC}: i i� - t � It n' , -,7 BEi2TH v'�.VE S'sn[12TH A'VE MORTON S WAY j [IF SW 13TH J+L+E _HIBISCUS WAYS,; z 1 t ( � r (� SW,i4TI AVE_ �3 .WII WS]0L8RIOHT RD�i E OLBRIGHT RD - �, SE Ii NORTH BLVD P8'fry u'E ❑ m hr A r ,_ 4` S UTH 6LVDt�t i �• t!` ,� Ix awl f SE i5T CIR.. N _ SE 21S�A.VE ?9 ' � �) SE� D AVE - o l^ r'{ U S�W 24TH ME Jil SE23RD AVE _,�—I �CN �L A � Data use subject to license. CDeLorme Del_orme Street Atlas USAO 2009. 0 800 1500 2400 3200 4000 WWw delorme.com MN(6.8°W) Data Zoom 13-0 29 VACANT LAND SALES SALE NO. 1 LEGAL DESCRIPTION Lengthy legal description. See exhibit. RECORDED O. R. Book 28957,Page 1337 GRANTOR The Alpine Seven Company, Inc. GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE March 15,2017 LOCATION 1110 North Federal Highway Boynton Beach,FL ZONING "C-4,"General Commercial PROPOSED LAND USE Mixed Use,low intensity CRA District Federal Highway District—North SALE PRICE $170,000 LAND SIZE 6,033 square feet UNITS OF COMPARISON $28.18 per square foot of land PARCEL CONTROL NO. 08 43 45 2132 002 0211 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Theresa Utterback for grantee COMMENTS Negotiated transaction based on the market price for the property. Existing old store on the site will be demolished and removed to make way for redevelopment of the site. 30 , ��+ +1 r t s J t i`•i t t= t I 1 Ci LL Y 1 li at 9� �41h E E .��. - ��tti��ll, � " st S i 1 4„ �l t LAND SA E 1 1110 N FEDERAL HIGHWAY BOYNTON BEACH, FL 31 CFN 20170094923 OR BK 28957 PG 1337 RECORDED 03/17/2017 16:04:34 Palm Beach County, Florida AMT 170,000.00 DEED DOC 1,190.00 Sharon R. Bock CLERK&COMPTROLLER Prepared by and return to: Pgs 1337-1338; (2Pgs) Spencer kSiegel,Esq. Siegel S' &Wright 1600 th ie Hwy Suite 300 Boca R 33432 561-620- File Num be ine Seven Will Cali No.. �o [Space Above This Line For Recording Data] Warranty Deed 0f� This Warranty Dedd made this 15th day of March, 2017 between The Alpine Seven Company, Inc., a dissolved Florida corporation who t office address is PO Box 700, Boynton Beach, FL 33425-0700, grantor, and Boynton Beach Community Redev ment Agency, a public agency whose post office address is 710 N. Federal Highway, Boynton Beach, FL 33435,grtc1- 7 b (Whenever used herein the tenns "gran 'grantee" include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assigtions,trusts and trustees) O Witnesseth, that said grantor, or I Sdt deration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to sain hand paid by said grantee,the receipt whereof is hereby acknowledged, has granted, bargained, and sold to thetee, and grantee's heirs and assigns forever, the following described land, situate,lying and being in Palm Beach C1 ride to-wit: The North 66 feet as measuri ht angles to the North line of the following described parcel:That part of Lots 20,21 and 2 ck 2, Lake Addition,a Subdivision of the City of Boynton Beach,Florida,according to the Plat t on file in Office of the Clerk of the Circuit Court in and for Palm Beach County, Florida, recor Plat Book 11, page 71, of the Public Records of Palm Beach County,Florida,more particula ibed as follows:Beginning at the Southwest corner of Lot 20, Block 2, Lake Addition, run Easter y ng the South line of said Lot 20,a distance of 122.5 feet to a point; thence Northerly at right o the South line of said Lot 20, a distance of 131.7 feet,more or less to a point in the North line of Lot 22,Block 2,Lake Addition,thence run Westerly along the North boundary line of said Lot 22, to the Northwest corner of said Lot 22; thence Southwesterly along the West line of Lots 22,21 and 20,to the Point of Beginning. Parcel Identification Number: 08-4345-21-32-002-0211 Together with all the tenements,hereditaments and appurtenances thereto belonging or in anywise appertaining_ To Have and to Hold,the same in fee simple forever. And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple;that the grantor has good right and lawful authority to sell and convey said land;that the grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances,except taxes accruing subsequent to December 31,2016. DoubleTinne® 32 CFN 20170094923 BOOK 28957 PAGE 1338 2OF2 In Wi s Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written. Signe cal d delivered in our presence: O The Alpine Seven Company, Inc.,a Florida for profit V 0 ? corporation Witness Name: Mardy Powell,President Witness Name: (Corporate Seal) State of Florida 0 County of Palm Beach The foregoing instrument was Acknowl fore me this 15th day of March,2017 by Mardy Powell of The Alpine Seven Company, Inc., a Florida for profit corpo t on behalf of the corporation. He [ 1 is_taersQnally known to me or [X}has produced a driver's license as identification. �--- [Notary Seal) blic Printed Name: Spe er B Siegel,Esq. _• _ W H IFFMW M Commission Expires: May 15,2020 EXPIRES:KW to 2020 Y P _ Y _ Warranty Deed-Page 2 DoubleTime® 33 VACANT LAND SALES SALE NO. 2 LEGAL DESCRIPTIONS Lot 10, the south 1/2 and Lot 11, Block 'A" PENCE'S SUBDIVISION NO. 1, Plat Book 1, page 33, Palm Beach County,FL Lots 14 and 15, Block 'A" PENCE'S SUBDIVISION NO. 1, Plat Book 1,page 33,Palm Beach County,FL RECORDED O. R. Book 28567,Page 956 O. R. Book 29557,Page 1905 GRANTORS Okee Boynton 2015, LLC Richard Smith et al GRANTEES Ocean Hudson,LLC Exsorro One,Inc. DATE OF SALES August 30, 2016 December 28,2017 LOCATIONS 412 Southeast 4 Street 420 Southeast 4 Street Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use,medium intensity CRA District Downtown District SALE PRICE 412 SE 4 Street: $ 240,000 420 SE 4 Street: 1,200,000 Total $1,440,000 LAND SIZE 21,510 sq ft+28,676 sq ft=50,186 sq ft UNIT OF COMPARISON $28.69 per square foot of land PARCEL CONTROL NOS. 08 43 45 28 07 0010101 and 0140 CONDITIONS OF SALE Cash sales. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Grantees are related companies. Properties are abutting. 412 is a vacant site. Existing old dwelling units on 420 will be demolished and removed to make way for redevelopment of the site. 34 r s , 1 Ij LANDS LE 2 412 & 420 SOUTHEAST 4 STREEET BOYNTON BEACH, FL 35 VACANT LAND SALES SALE NO. 3 LEGAL DESCRIPTION Lots 1, 2, 3 and 4, Block "C," PENCE'S SUBDIVISION NO. 1, Plat Book 1, page 33, Palm Beach County, FL, less the east 13 feet of Lots 1 and 4 for Federal Highway RECORDED O. R. Book 29241,Page 1523 GRANTOR Hidden Brook Corporation GRANTEE Exsorro One,Inc. DATE OF SALE July 25,2017 LOCATION 601 South Federal Highway Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $1,250,000 LAND SIZE 52,507 square feet UNITS OF COMPARISON $23.81 per square foot of land PARCEL CONTROL NO. 08 43 45 28 07 003 0010 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Vacant parcel with street frontage on three sides: South Federal Highway, SE 4 Street and SE 5 Avenue. 36 n \S \ a afvd I I 9 t t II II i �I n t E (4 ,_� - r,r�.�� ,•<e � ��..,-;� �' �sesmav��' s.kvvv ��.� t :.I srll�l ��1��1��V _?�� t LAND SALE 3 601 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 37 VACANT LAND SALES SALE NO. 4 LEGAL DESCRIPTION Lot 11, Block "B," PENCE'S SUBDIVISION NO. 1, Plat Book 1,page 33,Palm Beach County, FL, RECORDED O. R. Book 29576,Page 256 GRANTOR James Ploen GRANTEE Exsorro One,Inc. DATE OF SALE January 8,2018 LOCATION 415, 421 and 425 Southeast 5 Avenue Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $611,000 LAND SIZE 21,593 square feet UNITS OF COMPARISON $28.30 per square foot of land PARCEL CONTROL NO. 08 43 45 28 07 002 0111, 0112, 0113 CONDITIONS OF SALE Purchase money mortgage in the amount of $531,000 at the market rate of interest. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Three contiguous small parcels improved with old single family houses from 1924-1938, which will be demolished and removed to redevelop the site along with other parcels assembled by the same grantee. Road frontage on two sides: SE 4 Street and SE 5 Avenue. 38 s LA D SALE 4 415, 421 & 425 SOUTHEAST 5 AVENUE BOYNTON BEACH, FL 39 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lots 12 and 13, less the east 15 feet, PARKER ESTATE, Plat Book 10,page 37,Palm Beach County,FL RECORDED O. R. Book 29130,Page 501 GRANTOR ALTA 1111 LLC GRANTEE Indiantown Land Holdings LLC DATE OF SALE June 1,2017 LOCATION 1111 South Federal Highway Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $340,000 LAND SIZE 15,460 square feet UNITS OF COMPARISON $22.00 per square foot of land PARCEL CONTROL NO. 08 43 45 28 24 000 0120 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Lloyd Granet, attorney for grantee COMMENTS Vacant parcel with street frontage on three sides: South Federal Highway, SE 4 Street and SE 10 Avenue. 40 r y fz r r v{z{t M £StA �Sd t 1 �v Ss.i, I N -- W )4•i}.,1, l�iT `��\r;{�(!2 11t�t�l ��t��} �� -. t� \� ��1�- �ll�w I 1• �4�y �,g� - g , ( r� 117a 1 Ii 1 , t LAND SALE 5 1111 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 41 VACANT LAND SALES SALE NO. 6 LEGAL DESCRIPTION The south 100 feet of Lot 2, LEE MANOR ISLES, Plat Book 24, page 211, Palm Beach County, FL, less right-of-way for Federal Highway RECORDED O. R. Book 29355,Page 1851 GRANTOR Anand Patel et al GRANTEE Exsorro One,Inc. DATE OF SALE September 21, 2017 LOCATION 1320 South Federal Highway Boynton Beach,FL ZONING "C-1,"Office Professional PROPOSED LAND USE Mixed Use, medium intensity CRA District Federal Highway District—South SALE PRICE $565,000 LAND SIZE 22,686 square feet UNITS OF COMPARISON $24.91 per square foot of land PARCEL CONTROL NO. 08 43 45 27 05 000 0021 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Vacant parcel at the northeast corner of South Federal Highway and Riviera Drive. 42 �4 y a p ' LAND SALE 6 1320 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 43 ct E c M M M M N U U U U U U U °�° (71 Fil .U w 06 00 M 00 N U O No °° Lr) 0, It 110 Fi oc It ct C4 Lr� C4 o tf) N ~ N O O O O O O O O Lr)O � Lncli r W C/1 69 69 69 69 69 69 5f3 00 Lr) O O\O Lr) O\O \- \- O\O C/1 O O O O O O O N x = MM x x x U U w U U ct U U U ^:; � W C/1W -OP� C/1W NW NW spa o w o O o w o `n o w o w o w o Z N N C/1 C/1 Z U N Lr) N O U N 'n `O CZ SALES COMPARISON APPROACH LAND VALUATION Of the several methods to develop an opinion of land value, the one considered to be the most reliable is the Sales Comparison Approach. In this method, sales of other similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. For the opinion to be supportable, there must be an adequate number of sales of similar properties for comparison to the subject. The steps of sales comparison in Land Valuation are: 1) Locate and collect information of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with parties to the transactions, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Compare and adjust the sales to the subject using the significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a single value opinion by this approach. The appraised property is improved with a depreciated commercial building. Highest and best use for the property is to demolish and remove the building, then redevelop the land with either a small commercial building or combine it with adjacent property for a larger mixed use project. Land size is approximately 4,648 square feet; zoning is "C-4", General Commercial. The subject market area is in the revitalization stage of its life cycle. A search was made to find recent sales of properties fronting Federal Highway or close-by which are either vacant or will be vacant when the old improvements on them are demolished and removed. Of the properties reviewed, the six which are more similar to the subject are cited in this report. Details of the sales and listing are on the sale sheets and chart. The unit of comparison relevant to this valuation is Sale Price per Square Foot of Land. The range of prices is from $22.00 to $28.69 per square foot of land,before adjustments. ELEMENTS OF COMPARISON Elements of comparison are the characteristics of transactions and properties that cause variation in prices paid for real estate. The Appraisal of Real Estate continues by stating that there are basic elements of comparison that may he considered in sales comparison analysis for land valuation. The first group is termed transactional elements being: real property rights conveyed, financing terms, conditions of sale and market conditions. This second group of property elements consists of location,physical characteristics and use. Each element is hereafter addressed. (Continued) 45 LAND VALUATION (Continued) Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple(without tenants) or leased fee(subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at market rent, or below or above market rent. In the case of land,there could be a land lease on the site that would create a leased fee interest. The lease amount would require examination to see if the tenant (the leasehold interest) had a value greater than zero. If it is, then the submarket rental rate would give some of the property value to the tenant. The sales were the conveyance of fee simple interest, the same interest valued for the land in question. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. All of the land sales except No. 4 were in cash, which is the most common form of payment for vacant land. The grantor of Sale 4 accepted a purchase money mortgage from the buyer in the amount of$531,000 (87%loan to price ratio) on a short-term basis. The land unit price for No. 4 is in the range of the other sales, suggesting the financing did not have a significant effect on the amount paid. No adjustments are necessary for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. The grantee of Sale 1 is the Boynton Beach Community Redevelopment Agency, with the motivation of purchasing properties in the CRA for assemblage and/or redevelopment by other entities or in partnership with other property owners. The price the CRA paid was based on other market sales and negotiated with the seller. The motivation of the CRA is similar to other buyers in the market area where the buyers are purchasing numerous properties to assemble a site large enough for a financially feasible project. The unit price for Sale 1 is at the top of the range of the comparable sales,but still an indicator of the unit value for the parcel appraised. (Continued) 46 LAND VALUATION (Continued) Sales 2, 3, 4 and 6 were purchased by Exsorro One, Inc. or an affiliated entity, with Nos. 2, 3 and 4 in close proximity to each other. Sale 2 is an assemblage of adjacent properties. Sale 3 consists of two adjacent parcels which were purchased at one time. Motivation of the grantee of these sales appears to be similar to others who have made purchases in the area over the years which is as stated to assemble a site for development of a mixed use,higher density project. Exsorro One, Inc. also purchased Sale 6, a stand-alone property, in the southern part of the Federal Highway corridor in Boynton Beach. Land Sale 5 is two blocks north of No. 6, also an individual purchase. Conditions of sale of the transactions are emblematic of a market area in the revitalization phase of its life cycle. Old improvements reach the end of their economic lives. Some sites are too small for financially feasible redevelopment. Population is increasing with residents seeking new lifestyle accommodations. Thus, assemblages become the norm without need for adjustment for this motivation. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. Dates of sale are recent and are representative of current market conditions. There have been no other sales of sites along Federal Highway to support a quantitative upward adjustment for market conditions. No adjustment is necessary for this element of comparison. Adjustments for transactional elements of comparison were considered; now, the land sales are likened to the subject and to each other for property elements of comparison. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, traffic count, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, et cetera. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. However, there may be differences such as corner location, view, and zoning, to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. (Continued) 47 LAND VALUATION (Continued) All of the sales are located on or near Federal Highway in Boynton Beach. Sale lis across the highway from the subject property, in the Community Redevelopment Area (CRA) Federal Highway District North. Sales 2, 3, 4 and 5 are in the CRA Downtown District. No. 6 is just to the south of No. 5 in the CRA Federal Highway South district. The CRA Downtown District is closer aligned with future land use and the permitted intensity for a new project. Zoning for the land concerned is "C-4", General Commercial, as is for Sale 1. Zoning for Sales 2, 3, 4 and 5 is "C-3", Community Commercial; No. 6 is zoned"C-1", Office Professional. Currently, "C-4" allows more uses than the other two districts. However as time progresses, land use will be the more influential factor in development than zoning. In the future when there are more new projects, there may be support to make adjustments for location. For now, no adjustment will be made for this element of comparison. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes land size, shape, frontage, topography, view, access, functional utility, et cetera. Adjustments for physical characteristics are best derived from the market by paired sales comparison. Through the process of searching for comparable sales, the physical characteristics are of great import. From the universe of possible comparable sales, those that are most similar to the site appraised are presented in the report for analysis and comparison to the subject. The less the number of physical differences, the better. Land size for the subject is 4,648 square feet. The most similar property for size is No. 1 containing 6,033 square feet. Both are small for stand-alone buildings. The other sales range in size from 15,460 to 52,507 square feet. There does not appear to be a direct relationship between parcel size and price per square foot. Assemblage and redevelopment of the sites are more significant factors that influence unit price. The appraised property is has an old improvement on it, as does Nos. 1, 2 and 4. The grantees of these properties will pay for the demolition and removal of the old improvements as part of the development process for new improvements on the sites. There could be some salvage value to off-set the cost of demolition. Cost for demolition and removal of the old improvements are not adjusted for in this valuation. The land concerned is adjacent to the Florida East Coast Railroad. Being such a small site, there is little room for a buffer from the tracks for noise reduction and safety. (Continued) 48 LAND VALUATION (Continued) Use For sites to be comparable, they should have similar uses. Future uses for the subject and sales could be smaller commercial buildings, but will more probably be larger mixed use projects when they are assembled with adjacent properties. No adjustment is called for this element of comparison. FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the six sales: Land Sale Sale Price per Sguare Foot 1 $28.18 2 $28.69 3 $23.81 4 $28.30 5 $22.00 6 $24.91 Land Sale 1 is across Federal Highway from the appraised property. Land Sales 2, 3 and 4 appear to be part of an on-going assemblage just to the south of downtown Boynton Beach. Land Sales 5 and 6 are on the south end of the Federal Highway corridor in the city. The range of unit prices is from $22.00 to $28.69 per square foot of land, with the prices having been influenced by a number of factors. The site concerned has a corner location at a signalized intersection in the northern section of the Federal Highway corridor. The parcel is small and adjacent to the railroad tracks. Assemblage could only occur with the property adjacent to the north. Physical characteristics of the appraised land are off-setting between positive and negative. Considering the characteristics of the land under appraisement and the foregoing discussion, the unit value for the subject is in the mid-range of the of the unit sale prices at$25.00 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for land on or near the Federal Highway corridor in the city of Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the land under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of February 8,2019 is: $25.00/sq.ft. of land x 4,648 square feet of land= 116 000 ONE HUNDRED SIXTEEN THOUSAND DOLLARS 49 CERTIFICATION I certify that, to the best of my knowledge and belief, the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on February 4,2019. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. February 8. 2019 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 &n��e February 8,2019 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 50 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally visited the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters,nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple. 4. Legal descriptions and property dimensions have been fimrshed by others;no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers' names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Improvements,if any,are those noted and reported on the date of inspection. 9. The value or values estimated apply ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written fiinction of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conforniity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. The existence of potentially hazardous material used in the construction or maintenance of buildings,such as the presence of urea formaldehyde foam insulation,and/or existence of toxic waste,which may or may not be present on the property,has not been considered. Additionally,soil or sub-soil contamination may exist from current or prior users,or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey,Endangered Species Survey,or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use,and possibly,value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr.and Claudia Vance were responsible for the analyses,conclusions,and opinions of real estate set forth in this report. (No one else provided significant professional assistance to the report signers). 16. The Americans with Disabilities Act(ADA)became effective January 26,1992. We have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property would reveal that the property is not in compliance with one or more of the requirements of the act,which could reduce property value. 17. Prospective value estimates are based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events that might alter market conditions upon which market value has been estimated. 18. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 19. The appraiser reserves the right to amend or change this report at any time additional market information is obtained which would significantly affect the value opinion. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 February 8,2019 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 February 8,2019 51 ADDENDA CFN 20120351122 OR BK 25434 PG 0464 RECORDED 09/06/2012 11:27:53 Palm Beach County, Florida AMT 40,000.00 his instrument prepared by: Doc Stamp 280.00 �tF�nancial m C.Davell, Esquire Sharon R. Back,CLERK & COMPTROLLER MEACHAM& DAV ELL,P.A. p s 0464 - 465• (2 s) Plaza,Suite 2602 9 p9 �auderdaleFlorida 33394 0 Propi Folio#:08-43-45-21-32-008-0010 -----------0------------------------------(space above this line for recording data)------------------------------------------- SPECIAL WARRANTY DEED 0 THIS SP IAL WARRANTY DEED,made this 11Aday of August, 2012, BETWEEN HEARTWOOD 57,(&a Florida limited liability company(the"Grantor*"),having its place of business and post office maflin ress at 2100 West Cypress Creek Road, Fort Lauderdale, Florida 33309, and BENJAMIN L.HO, a t man(the"Grantee*"),having his post office mailing address at 4272 Deste Court,Suite 302,Lake �grida 33467. WITNESSETH: T rantor,for and in consideration of the sum of Ten and No/100 Dollars ($10.00)and other valuable co tions,receipt whereof is hereby acknowledged,hereby grants,bargains, sells,aliens,remise, releases,c a d confirms unto the Grantees,all that certain land situate in Palm Beach County,Florida,to-wit: Lot 1,Block A,LAK) A DIT[ON TO BOYNTON,FLORIDA,according to the Plat thereof, as ed in Plat Book 11, Page 71, of the Public Records of Palm Beach ,Florida. LESS and EXCEPT the East 17 feet of Lot 1 (when me t right angles to the East line of said lot), Block A and that part of Lock A,which is included in the external area formed by a 12 foot radius are tangent to the South line of said Lot 1, and tangent to a line 17 feet Westerly of and parallel to the East line of said Lot 1,Block A,LAKE ADDITION TO BOYNTON,FLORIDA,according to the Plat thereof,as recorded in Plat Book 11,Page 71. Together, with all tenements, hereditament and appurtenances thereto belonging or in anywise appertaining. To Have and to Hold, the same in fee simple forever, subject to taxes for the year 2012, and subsequent years; and covenants, restrictions and public utility easements of record, existing zoning and governmental regulations. And the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said land in fee simple;that the Grantor has good right and lawful authority to sell and convey said land,and hereby warrants the title to said land and will defend the same against the lawful claims of all persons claiming by, through or under the said Grantor. *"Grantor"and "Grantee"are used for singular or plural,as context requires. 53 Book25434/Page464 Page 1 of 2 IN WITNESS WHEREOF,the Grantor has caused these presents to be executed in its name,and its al to be hereunto affixed by its proper officer thereunto duly authorized, the day and year first above tten. ec, Sealed and Delivered Presence: HEARTWOOD 57, LLC, a Florida limited ° liability company ZBy: ' A— Wi ess p ame: � r s Qj AND W L.MERAN, Vice President of the Management Committee f� Witness printed n e:Fr�gNk S,gL,Af►��NC' [Seal] o MSi�A 11�CMIC man tine-so of POW MIf CMO.bpkn on 14,2016 STATE OF FLORIDA ' (Dorm COMMON i IN 161{116 1[�low 6K ss4COUNTY OF BROWARD :W The foregoing instrument wnk' anagementCommitt=ee57, dged before me this��day of August, 2012, by ANDREW L.MERAN,Vice President LLC,a Florida limited liability company, on behalf opany. He i eror has produced (type of identificat Printed Name: C' lZf FG NOTARY PUBLIC Serial No.: My Commission Expires: 1 4 '`:7 54 Book25434/Page465 Page 2 of 2 I Ig�lli��Ili DSIII��III X6111��I�I 11111 ISI 191 OR BK 30338 PG 0940 PREPARED BY: RECORDED 01/02/2019 08:19:56 Karen Yeh Ho ANT 10.110 Dog_ Stamp 0.70 6826 Fiji Circle Palm Beach Countar Florida B ton Beach, FL 33437 Sharon R. BockpCLERK h COMPTROLLER Pgs 0941? - 941; (2pss) RDING REQUESTED BY: nin Ho 2 1alachee Parkway#79B Tal ee, FL 32301 AN RECORDED MAIL TO: Wing 9174 ChCourt Boynton B FL 33472 MAIL TA TEMENTS TO: Wing Ho 9174 Chianti Cert Boynton Beach, F03472 SPACE ABOVE THIS LINE FOR RECORDER'S USE ONLY QUITCLAIM DEED KNOW ALL MEN BY SE PRESENTS THAT: THIS.QUITCLAIM DEED, a and entered into on the 31 th day.of DECEMBER , 2018, between BENJAMIN HO_(5 A SINGLE PERSON, WHOSE ADDRESS IS 2855 Apalachee Parkway #79B ("G and WING HO and KAREN HO, HUSBAND AND WIFE (FATHER and MOTHE ose address is 9174 CHIANTI COURT, BOYNTON BEACH, FL 33472 ("GRANTEE")0 For and in consideration of the sum Dollars ($10.00) and other good and valuable consideration, the receipt and sufficie which is hereby acknowledged, Grantor hereby Remises, Releases, AND FOREVER ims to GRANTEE, the property located in Palm Beach, Florida County, Florida, describ Mailing address: 1101, 1103 N. Federal Highway, Boynton Beach, FL 33435 Parcel Control Number: 08-43-45-21-32-008-0010 Legal Description: LOT 1, BLOCK A, LAKE ADDITION TO BOYNTON, FLORIDA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 11, PAGE 71, OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA. LESS AND EXCEPT THE EAST 17 FEET OF LOT 1 (WHEN MEASURED AT RIGHT ANGLES TO THE.EAST LINE OF SAID LOT), BLOCK A AND.THAT PART OF LOT 1, BLOCK A. WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARC TANGENT TO THE SOUTH LINE OF SAID LOT 1, AND TANGENT TO A LINE 17 FEET WESTERLY OF AND PARALLEL TO THE EAST LINE OF SAID LOT 1, BLOCK A. LAKE ADDITION TO BOYNTON, FLORIDA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 11, PAGE 71. Prior instrument reference: SPECIAL Warranty Deed, Volume/Book No 25434, Page 0464, Recorded 09/06/2012 11:27:53 Palm Beach County, Florida. Pgs 0464-0465 (2pgs), Quitclaim Deed.: Parcel Control Number: 08-4345-21-32-008-0010 Page I of ' 55 Book30338/Page941 CFN#20190000054 Page 2 of 2 Wxult>>Ient No. , of the Recorder of Pa!m Beach C''eanty, Flarida, recarQf%..d UVN 21112035➢1'22, :)'1 et-tU all, if any, -a.tld easements. rights chwiv, covenants, condi-icns, reservations and ir `tg s of record. Subject to taxes for ;•:11.9 and su'osequen!Cants al! o-f he Grantor"s rights, title and interest in 2.Ild to al, of';he nl;ove described pnupre.mises to the Grantee, and tothe Grantee's heirs and assigns forever ir_ fee sthat neither Granto! nor Grantor's heirs lega'. representatives or assigns shall have, claim, o�n°and any right or title to the prop;"rty, premises, or appurtenances, or any part thereof. !N WFI'NESS SOF the grantor has executed this decd on the—3 I t:h da}- of 2019. Date -- � RE�1T�4K2.��.--�}_o..-:_. Grantor o ddress: 9� � o t �.�•.sn�� T�- Ro-t'+'Taa �p'^'� ra . r' itr}l: 82j�o ��✓/D f V r-4, Ad: s: 7 7 O �1Talitor S ess ��tizo APam 4M►c'w STATE OF_ --- � CC)UI`I'L'Y OI' -------------- - -- The foregoing instrument was acl nowiedged before me this the _ 3 _ day of Ll--- -.--, 1018 by6Vijf After 14 _-._--who is personally known to me or has produced r�0t- pis identification and who did/ did not take an oath. Signature of Notes•/.Deputy C!erk.�� S Tri vV �rS'Wlii y Printed Mfm'e of Notary/Depufy Clerk STEVEN SCOTT GREBINAR Notary Public-State of Florida - Commission d GG 103704 My Commission expires: -• 6onded through National Notary Assn. Quiteiaim Deed : Parcel Control Numher: 08-43-4`-21-32-00,8-00 10 Page?. ot* 56 I � i } r 5 r I 'Iri hh JJ/ {�,Y '' '�} ` �r �,. k ��—�` a�< Cr r � �� 1��rJl rs t y{s}��"4.n'A � ✓ M as } s +� r 1 r ur i r} �� ti est it er` Q� � F�•j _ n � 0 LD Mii�UN�11 �j r 1 d ��piGieg�+er y Lr , }I .. M c "{3 > C. C-3 Community Commercial District. 1. General. a. Purpose and Intent. The purpose of the C-3 zoning district is to implement the local retail commercial (LRC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage the development or use of property for appropriate intensive retail commercial uses providing for a wide range of goods and services, located along major thoroughfares. The C-3 district allows a maximum density of eleven (11) dwelling units per acre; however, all residential developments must adhere to the R-3 district building and site regulation in accordance with Section 2.17. above. b. Prerequisite Location Standard. In reaching recommendations and decisions as to zoning land to C-3, the advisory board and City Commission shall apply the following location standards, in addition, to the standards applicable to the rezoning of land generally: (1) Centrally and accommodating multiple neighborhoods; and (2) Abutting to at least one (1) major thoroughfare. 2. Use(s) Allowed. See "Use Matrix Table 3-28"in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-16). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: BUILDING/SITE REGULATIONS C-3 District Minimum lot area: 15,000 s.f. Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 20 feet' Rear: 20 feet Abutting: Residential district(s) 30 feet Interior side: 0 feet',3 Abutting: Residential district(s) 30 feet' Corner side: 20 feet' Abutting: Residential district(s) 30 feet' Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.504 58 Maximum structure height: 45 feet5 Reduced setbacks will be applied to property located within the Urban Coinmercial District Overlay Zone, Section 8.C.below. 2 Where rear yard access is available from a public street or alley,rear yard may be decreased by one-half(1/2)the width of such street or alley,but in no case shall a rear yard be less than ten(10)feet. 3 Where rear access is not available from a public street or alley, aside yard of not less than fifteen(15)feet shall be provided on one(1)side. 4 A floor area ratio (FAR)up to 0.50 may be considered for local retail coinmercial uses allowed within the C-3 district(see "Use Matrix"—Chapter 3,Article IV. Section 3.13.),pursuant to the local retail coinmercial future land use classification of the Comprehensive Plan. 5 Not to exceed four(4)stories. 4. Review and Approval Process. a. Single-family and duplex dwellings and accessory uses thereto shall be allowed upon application to and approval by the Building Official for structures that require a building permit pursuant to Chapter 2, Article IV, Section 2. b. Community and common areas, such as recreational areas, landscape buffers and tracts, and project signage may be subject to site plan review. c. Non-residential uses shall require site plan approval in accordance with Chapter 2, Article 11, Section 2.F. prior to application for building permit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V, Minimum Off-Street Parking Requirements. 6. Exterior Storage of Merchandise and Equipment. See Chapter 3, Article V, Section 8 for the regulations pertaining to the permanent exterior storage of merchandise and equipment. D. C-4 General Commercial District. 1. General. The purpose of the C-4 zoning district is to implement the general commercial (GC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to accommodate service and intensive commercial establishments and limited light industrial uses, and to serve as a transitional area between lighter commercial areas and general industrial uses or operations. 2. Use(s) Allowed. See "Use Matrix Table 3-28"in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-17). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: 0 59 BUILDING/SITE REGULATIONS C-4 District Minimum lot area: 5,000 s.f. Minimum lot frontage: 50 feet Minimum lot depth: 100 feet Minimum yard setbacks: Front: 25 feet'2 Rear: 20 feet3 Abutting: Residential district(s) 30 feet Interior side: 15 feet'2,3 Abutting: Residential district(s) 30 feet Corner side: 15 feet'2 Abutting: Residential district(s) 30 feet Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.504 Maximum structure height: 45 feet5 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr. Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 5.C.below). 3 Where rear property line abuts a public street or alley,rear yard setback maybe reduced to ten(10)feet and no side yard shall be required, except on corner lots or where abutting single-family uses. 4 A floor area ratio (FAR)up to 0.50 may be considered for general commercial uses allowed within the C-4 district(see "Use Matrix"—Chapter 3,Article IV, Section 3.),pursuant to the general commercial future land use classification of the Comprehensive Plan. 5 Not to exceed four(4)stories;however,those parcels located within the Martin Luther King Boulevard Overlay Zone(Section 8.B.below)shall be limited to thirty(30)feet in height. 4. Review and Approval Process. Non-residential uses shall require site plan approval in accordance with Chapter 2, Article 11, Section 2.17. prior to application for building permit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V Minimum Off-Street Parking Requirements. 6. Exterior Storage of Merchandise and Equipment. See Chapter 3, Article V, Section 8 for the regulations pertaining to the permanent exterior storage of merchandise and equipment. 60 SUMMARY OF 2018—2019 USPAP(Uniform Standards of Professional Appraisal Practice) Standard Rule 2: Real Property Appraisal, Reporting In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The form, format, and style of the report are functions of the needs of intended users and appraisers. The substantive content of a report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in the manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS R ULE 2-2(a) Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used:Appraisal Report or Restricted Appraisal Report. The content of an Appraisal Report must be consistent with the Intended Use of the appraisal and, at a minimum: (i) state the identity of the client, unless the client has specifically requested otherwise; state the identity of any intended users by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: state all extraordinary assumptions and hypothetical conditions: and state that their use might have affected the assignment results; and (xii) include a signed certification in accordance with Standards Rule 2-3. 61 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser' means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 5._1.1_(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 62 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perfonm the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perfonm most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida. Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES,VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR)VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 63 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management"' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 64 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla.) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 65 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla.Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Boob'Uniform Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) SEMINAR(AI) - 4 Hours"Technology Tips for Real Estate Appraisers"(9/21/2018) 66 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2 00 1. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act'before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues" February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 67 I of 5 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vancevalgatt.net Web Site: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perforin the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/inotels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations,Marinas,Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Types of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investiment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 68 2 of 5 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; Citigroup; Space Coast Credit Union; State Fann Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Pahn Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Patin Beach,Broward County Board of County Coininissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environinental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property,1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing,1987,Passed Exam Course R-2 (SREA) - Report Writing,1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation,1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 69 3 of 5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's] (1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida.State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) - Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) - National USPAP Course(2004) SEMINAR(AI) - Inverse Condemnation(2004) SEMINAR(AI) - Loss Prevention(2005) SEMINAR(AI) - Single Family Fraud Awareness(2005) SEMINAR(AI) - Guide to the new URAR form(2005) SEMINAR(AI) - Technologies for Real Estate Appraisers(2006) SEMINAR(AI) - The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) - National USPAP Update(2006) SEMINAR(AI) - Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) - Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) - Energy Star and the Appraisal Process(2006) SEMINAR(AI) - Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) - Real Estate Fraud(2007) SEMINAR(AI) - Forecasting Revenue(2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Government Regulations(2009) SEMINAR(AI) -Property Tax Assessment (2010) SEMINAR(AI) -7 Hour National USPAP (2010) SEMINAR(AI) -Florida.Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Book"(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 70 4 of 5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(Al) -Lessons from the Old Economy Working in the New(2012) SEMINAR(Al) -Appraisal Review for General Appraisals(2012) COURSE(Al) -National USPAP Update(2012) SEMINAR(Al) -Florida Law(2012) SEMINAR(Al) -Land Valuation(2012) SEMINAR(Al) -Valuation of Warehouses(2012) SEMINAR(Al) -IRS Valuation(2012) SEMINAR(Al) -Business Practices and Ethics(2012) SEMINAR(Al) -Real Estate Forecast(2013) SEMINAR(Al) -Advanced Marketability Studies(2013) SEMINAR(Al) -Developing a Supportable Workfile(2013) SEMINAR(Al) -Florida Appraisal Law(2014) SEMINAR(Al) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(Al) -7 Hour National USPAP Update Course(2014) SEMINAR(Al) -Florida Law(2014) SEMINAR(Al) -New Real Estate Economy(2014) SEMINAR(Al) -Economic Engines of Miami-Date County(2015) SEMINAR(Al) -Economic Engines of Broward County(2015) SEMINAR(Al) -Tightening the Appraisal(2015) SEMINAR(Al) -Evaluating Commercial Construction(2015) SEMINAR(Al) -Drone Technology(2015) SEMINAR(Al) -Loss Prevention for Appraisers(2016) COURSE(Al) -7 Hour National USPAP Update(2016) SEMINAR(Al) -Florida Law(2016) SEMINAR(Al) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) SEMINAR(Al) -The Tough One,Mixed use properties(2016) SEMINAR(Al) -Business Practices&Ethics(2016) SEMINAR(Al) -Economic Engines Driving Broward County(2017) SEMINAR(Al) -Introduction to Green Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) SEMINAR(Al) -Hot Topics&Myths in Appraiser Liability(2018) COURSE(Al) -7 Hour National USPAP Update(2018) SEMINAR(Al) -Florida Law(2018) SEMINAR(Al) -Parking&Its Impact on Florida Properties(2018) SEMINAR(Al) -What's New in Residential Construction(2018) SEMINAR(Al) -Valuation Resources for Solar Photovoltaic Systems(2018) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996- 1998 Member of Region X(Florida.)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979, 1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS 71 5 of 5 D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Gnide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS .n CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 72 Lewis, Longman & Walker, PA ,R,av P rp P L o g I x`�' #2419-048 1101 N Federal u hBoynton ch, Florlda, 33435 ® Karen Ho & Wlngc Our File #: 19-413181 a 08-43-45-21-32-008-001 m PAID m PAID Taxes m PAID Taxes Owed Prior m NO Tangible Taxes- PAIDm X, Special Fees Outstanding: Y $1 ,660.87* AssessmentsCode Issues- YES X Code Enforcement NOTICE:THERE MAYBE CODE ENFORCEMENT LIE s ON THIS F'Fo'CbPERTY PLEASE REFER TO YOUR TITLE SEARCH, Permitting Permit Status: 0nFound Building Code Violations: NO Services-m r, Solidr & Storm X Public Works Water Amount Due- $57.89*m Utility Liens- NO m Completed By: David May Report Compiled : 2/20/19 Fees as of date received.Verify final amount with municipal department at time of payment.Errors and omissions coverage is based on the terms of your signed agreement with PropLogix.Without a signed agreement with PropLogix, any and all errors and omissions are not covered.This report is not a title search and does not providethe status or condition oftitle tothe subject property.PropLogix,LLC,does not search instruments recorded in official records. 9 6 6 6 9 m i i i ° i i i i Co m 0 0 0 ® 0 VRI P rp P L o g x Checks Payable To . Boynton Beach City Clerk Special Assessments It)1 of Boynton Beach 100 E Boynton Beach Boulevard PO BOX 31 Boynton Beach, Florida 33435-0310 Boynton Beach City Clerk Public Works City of Boynton Beach 100 E Boynton Beach Boulevard PO BOX 31 Form W=9 Request for Taxpayer Give For to the (Rev.August 2013) requester. Do not D Identification Number and Cercation '"I Treasury send to the IRS. Internal Revenue Service Name(as shown on your income tax return) Business name/disregarded entity name,if different from above CITY OF BOYNTON EACH Check appropriate box for federal tax classification: Exemptions(see instructions): 0 El Individuallsole proprietor ❑ C Corporation El S corporation ❑ Partnership El Trust/estate CL 0 Exempt payee code(if any) C Z�I I U E] Limited liability company.Enter the tax classification(C=C corporation,S=S corporation,P=partnership)10, Exemption from FATCA reporting o 2 code(if any) 9L Other(see instructions)Ik, va- Address(number,street,and apt.or suite no.) Requester's name and address(optional) 0 C 100E BOYNTON EACH BLVD L M 0 City,state,and ZIP code W U) BOYNTON EACH, FL 33435 List account number(s)here(optional) Enter your TIN in the appropriate box.The TIN provided must match the name given on the"Name"line social security number to avoid backup withholding.For individuals,this is your social security number(SSN).However,for a resident alien,sole proprietor,or disregarded entity,see the Part I instructions on page 3.For other entities,it is your employer identification number(EIN).If you do not have a number,see Now to get a FM -01 - TIN on page 3. Note.If the account is in more than one name,see the chart on page 4 for guidelines on whose Employer-!d.-Ufi..ti..number number to enter, JIM_ Certification Under penalties of perjury,I certify that: 1. The number shown on this form is my correct taxpayer identification number(or I am waiting for a number to be issued to me),and 2. 1 am not subject to backup withholding because:(a)I am exempt from backup withholding,or(b)I have not been notified by the Internal Revenue Service(IRS)that I am subject to backup withholding as a result of a failure to report all interest or dividends,or(c)the IRS has notified me that I am no longer subject to backup withholding,and 3. 1 am a U.S.citizen or other U.S.person(defined below),and 4.The FATCA code(s)entered on this form(if any)indicating that I am exempt from FATCA reporting is correct. Certification instructions.You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return.For real estate transactions,item 2 does not apply.For mortgage interest paid,acquisition or abandonment of secured property,cancellation of debt,contributions to an individual retirement arrangement(IRA),and generally,payments other than interest and dividends,you are not required to sign the certification,but you must provide your correct TIN.See the instructions on page 3. Sign Signature of Date Do- d1l 2-11 Here I U.S.person 0- .4�L General Instructions withholding tax on foreign partners'share of effectively connected income,and 4.Certify that FATCA code(s)entered on this form(if any)Indicating that you are Section references are to the Internal Revenue Code unless otherwise noted. exempt from the FATCA reporting,is correct. Future developments.The IRS has created a page on IRS.gov for information Note.If you are a U.S.person and a requester gives you a form other than Form about Form W-9,at www.irs.gov/w9.information about any future developments W-9 to request your TIN,you must use the requester's form if it is substantially affecting Form W-9(such as legislation enacted after we release it)will be posted similar to this Form W-9. on that page. Definition of a U.S.person.For federal tax purposes,you are considered a U.S. Purpose of or person if you are: A person who is required to file an information return with the IRS must obtain your -An individual who is a U.S.citizen or U.S.resident alien, correct taxpayer identification number(TIN)to report,for example,income paid to -A partnership,corporation,company,or association created or organized in the you,payments made to you in settlement of payment card and third party network United States or under the laws of the United States, transactions,real estate transactions,mortgage interest you paid,acquisition or -An estate(other than a foreign estate),or abandonment of secured property,cancellation of debt,or contributions you made to an IRA. -A domestic trust(as defined in Regulations section 301.7701-7). Use Form W-9 only if you are a U.S.person(including a resident alien),to Special rules for partnerships.Partnerships that conduct a trade or business in provide your correct TIN to the person requesting It(the requester)and,when the United States are generally required to pay a withholding tax under section applicable,to: 1446 on any foreign partners'share of effectively connected taxable income from such business.Further,in certain cases where a Form W-9 has not been received, 1.Certify that the TIN you are giving Is correct(or you are waiting for a number the rules under section 1446 require a partnership to presume that a partner is a to be issued), foreign person,and pay the section 1446 withholding tax.Therefore,if you are a 2.Certify that you are not subject to backup withholding,or U.S.person that is a partner in a partnership conducting a trade or business in the 3.Claim exemption from backup withholding if you are a U.S.exempt payee.If United States,provide Form W-9 to the partnership to establish your U.S.status applicable,you are also certifying that as a U.S.person,your allocable share of and avoid section 1446 withholding on your share of partnership income, any partnership income from a U.S.trade or business is not subject to the Cat.No.10231X Form W-9(Rev.8-2013) Palm Beach County Property Appraiser - 355-3230 Property Detail Location Address 1 101 N FEDERAL HWY Municipality BOYNTON BEACH Parcel Control Number 08-43-45-21-32-008-0010 Subdivision LAKE ADD TO BOYNTON Official Records Book 30338 Page 940 Sale Date DEC-2018 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A Owner Information Owners Mailing address HO KAREN 9174 CHIANTI CT HO WING & BOYNTON BEACH FL 33472 2459 Sales Information Sales Date Price OR Book/Page Sale Type Owner DEC-201 8 $10 30338/00940 QUIT CLAIM HO WING& AUG-2012 $40,000 25434/00464 WARRANTY DEED HO BENJAMIN L JUN-2012 $10 25295/01462 WARRANTY DEED HEARTWOOD 57 LLC MAR-2012 $60,100 2 505 3/01 300 CERT OF TITLE BANKATLANTIC AUG-2004 $10 17517/00088 QUIT CLAIM HITE PETER& APR-2004 $165,000 17039/00990 WARRANTY DEED HITE PETER MAR-2004 $10 17039/00989 QUIT CLAIM EXANTUS ROSE E MAR-2002 $10 13523/00248 QUIT CLAIM EXANTUS ROSE E DEC-1999 $110,000 11548/00669 WARRANTY DEED EXANTUS MATHIEU P MAR-1998 $30,000 10406/01428 QUIT CLAIM AARON BENJAMIN DEC-1983 $35,000 04133/01873 WARRANTY DEED Exemption Information No Exemption information available Property Information Number of Units 0 'Total Square Feet 2460 Acres 0.1 067 Use Code 1100-STORES Zoning C4- General Commercial (08-BOYNTON BEACH) Appraisals Tax Year 2018'; 2017 2016 Improvement Value $2,638 $2,677 $2,517' Land Value $92,283 $87,866 $83,682 Total Market Value $94,921 $90,543 $86,199' All values are as of January 1 st each year Assessed and Taxable Values Tax Year 2018 2017 2016 Assessed Value $94,921 $87,190 $79,264' Exemption Amount $0 $0 $0' Taxable Value $94,921 $87,190 $79,264' Taxes Tax Year 2018' 2017 2016 Ad Valorem $1,999 $1,884 $1,779', Non Ad Valorem $1,149 $1,161 $1,048' Total tax $3,148 $3,045 $2,827' Dorothy Jacks,CFA,AAS PALM BEACH COUNTY PROPERTY APPRAISER www.pbcgov.org/PAPA VRI P rp P L o g x Property Taxes Palm Beach County Tax r - 355-2264 No Taxes Due Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County servivq Palm Beadcounty P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Account Detail Search Results View Assessment Data MOM. Property Control Number Property Type Last Update 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Owner of Record Deed Number: HO BENJAMIN L 0 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A ----------------------- Tax Bill Information To pay online, click the ADD TO CART button in the orange Shopping Cart (upper right side of screen). A = Indicates taxes are not payable online. 0 = Indicates contact our office for additional information. Real Estate and Tangible Personal Property Taxes not paid by April 1 are delinquent. Delinquent Real Estate Taxes are not payable online. Interest and associated costs for delinquent taxes are determined by the date payment is received to the Tax Collector. A minimum charge of 3% is collected. Interest accrues up to 1.5% per month (18% annually). Bill Type Original Tax Bill = Original tax bill amount due in March. Certificate = Unpaid certificate (AMOUNT DUE) indicates a tax lien exists. Within two tax years this property may be sold at auction to collect unpaid taxes. Click on bill year for more information. Agency Certificate = Indicates a certificate was assigned to Palm Beach County. Fre quentlyAsked Questions Bill Year Bill Type Bill Number Gross Tax Penalty/Fees Interest Discount Amount Due 2018 Original Tax 101353674 $3,148.05 $0 00 $0 00 $0 00 $0 00 Bill 2018 Certificate (05/31/2018) $0 00 $000 $0 00 $000 $0 00 2018:12680 2017 Original Tax 207030745 $3,045.61 $000 $0 00 $000 $0 00 Bill 2016 Original Tax 101354690 $2,827.29 $000 $0 00 $000 $0 00 Bill 2015 Original Tax 101344981 $2,669.66 $000 $0 00 $000 $0 00 Bill 2014 Original Tax 101355810 $2,701.77 $000 $0 00 $000 $0 00 Bill 2014 €:v certificate__ (06/01/2014) t't).o t't). o t't). o t't). o tit). o 2014:14566 2013 €:v Original Tax 101356705 $2,601.21 t't), o t't). o t't), o tit). o Bill 2012 €:v Original Tax 101357792 $2,600.10 t't), o t't). o t't), o tit). o Bill 2011 €:v Original Tax 101357052 $4,644.75 t't:), o t't). o t't:), o tit). o Bill 2011 €V certificate (06/01/2011) t't).o t't). o t't). o t't). o tit). o 2011:16286 2010 €:v Original Tax 101358043 $4,810.78 t't), o t't). o t't), o tit). o Bill 2010 €:v certificate (06/01/2010) t't).o t't), o t't). o t't), o tit). o 2010:17196 2009 €:v Original Tax 305997680 $6,400.35 t't), o t't). o t't), o tit). o Bill 2008 €:v Original Tax 305985320 $7,036.45 t't), o t't). o t't), o tit). o Bill Anne M.Gannon 5( ANNE M` C A N N O N Constitutional Tax Collector CONSTITUTIONAL TAX TAX COLLECTOR Serving Palm Beach County Se,vfng P'aino Beach G'oWy P.O.Box 3353 �Rf .S r+inn you West Palm Beach,FL 33402-3353 e - e e e Checkout 'View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: 0 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $749.88 $749.88 $0.00 COUNTY $464.92 $464.92 $0.00 -SO FLA WATER MANAGEMENT DIST. $27.87 $27.87 $0.00 SCHOOL $623.82 $623.82 $0.00 CHILDRENS SERVICES COUNCIL $60.78 $60.78 $0.00 `F.I.N.D. $3.04 $3.04 $0.00 PBC HEALTHCARE DISTRICT $68.92 $68.92 $0.00 Sub Total $1,999.23 $1,999.23 $0.00 Non Ad Valorem Gross Tax Credit Net TaxSavings SOLID WASTE AUTHORITY OF PBC $484.62 $484.62 $0.00 BOYNTON BEACH FIRE RESCUE ASSESSMENT $664.20 $664.20 $0.00 Sub Total $1,148.82 $1,148.82 $0.00 Total Tax $3,148.05 $3,148.05 $0.00' Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due, INST 1 101353674 2018 $0.00, $0.00 $0.00 $0.00 $0.00 TotalDue: $0.00 $0.00 $0.00 $0.00 - Tax Certificates Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property taxes.The amount due is shown above in the"Tax Installment'section under the Total Due column. **This Icon 41 indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocate@taxcollectorpbc.com for additional details. u I ax Payment Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2018 101353674 $3,022.13' 11/30/2018 Anne M.Gannon 5( ANNE M` C A N N O N Constitutional Tax Collector CONSTITUTIONAL TAX TAX COLLECTOR Serving Palm Beach County Se,vfng P'aino Beach G'oWy P.O.Box 3353 �Rf .S r+inn you West Palm Beach,FL 33402-3353 e - e e e Checkout 'View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: Legal Description LAKE ADD TO BOYNTON LT 1 BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $688.80 $688.80 $0.00 COUNTY $427.43 $427.43 $0.00 -SO FLA WATER MANAGEMENT DIST. $27.04 $27.04 $0.00 SCHOOL $612.89 $612.89 $0.00 CHILDRENS SERVICES COUNCIL $57.46 $57.46 $0.00 `F.I.N.D. $2.79 $2.79 $0.00 PBC HEALTHCARE DISTRICT $68.08 $68.08 $0.00 Sub Total $1,884.49 $1,884.49 $0.00 Non Ad Valorem Gross Tax Credit Net TaxSavings SOLID WASTE AUTHORITY OF PBC $496.92 $496.92 $0.00 BOYNTON BEACH FIRE RESCUE ASSESSMENT $664.20 $664.20 $0.00 Sub Total $1,161.12 $1,161.12 $0.00 Total Tax $3,045.61 $3,045.61 $0.00' Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due, INST 1 207030745 2017 $0.00, $0.00 $0.00 $0.00 $0.00 INST2 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 INST3 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 INST 4 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 TotalDue: $0.00 $0.00 $0.00 $0.00 - Tax Certificates u�t o lii III " Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property taxes.The amount due is shown above in the"Tax Installment'section under the Total Due column. **This Icon A indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocateLataxcollectorpbc.com for additional details. u Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2017 207030745 $6.25 10/25/2018 2017 207030745 $2,537.39 5/31/2018 2017 207030745 $664.44 6/30/2017 Anne M.Gannon 5( ANNE M` C A N N O N Constitutional Tax Collector CONSTITUTIONAL TAX TAX COLLECTOR Serving Palm Beach County Se,vfng P'aino Beach G'oWy P.O.Box 3353 �Rf .S r+inn you West Palm Beach,FL 33402-3353 e - e e e Checkout 'View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: 0 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $626.19 $626.19 $0.00 COUNTY $389.52 $389.52 $0.00 -SO FLA WATER MANAGEMENT DIST. $26.21 $26.21 $0.00 SCHOOL $609.43 $609.43 $0.00 CHILDRENS SERVICES COUNCIL $54.16 $54.16 $0.00 `F.I.N.D. $2.54 $2.54 $0.00 PBC HEALTHCARE DISTRICT $71.28 $71.28 $0.00 Sub Total $1,779.33 $1,779.33 $0.00 Non Ad Valorem Gross Tax Credit Net TaxSavings SOLID WASTE AUTHORITY OF PBC $482.16 $482.16 $0.00 BOYNTON BEACH FIRE RESCUE ASSESSMENT $565.80 $565.80 $0.00 Sub Total $1,047.96 $1,047.96 $0.00 Total Tax $2,827.29 $2,827.29 $0.00' Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due, INST 1 101354690 2016 $0.00, $0.00 $0.00 $0.00 $0.00 TotalDue: $0.00 $0.00 $0.00 $0.00 - Tax Certificates Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property taxes.The amount due is shown above in the"Tax Installment'section under the Total Due column. **This Icon 41 indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocate@taxcollectorpbc.com for additional details. u I ax Payment Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2016 101354690 $2,742.48' 12/30/2016 VRI P rp p L o g x Tang 'Ible Taxes Palm Beach County Tax Collector — 561 -355-2264 No taxes due Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County servivq Palm Beadcounty P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Ftoohta&E� • I "I so :Checkout Vi w ------------ Account Number Property Type Last Update 172972 Personal Property Mailing Address: Property Address: MIRACLE OUTREACH MINISTRY INTERNATIONAL 1101 N FEDERAL HWY 1101 N FEDERAL HWY BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33435-3228 Owner of Record Deed Number: MIRACLE OUTREACH MINISTRY INTERNATIONAL 0 Tax Authority 0898-CITY OF BOYNTON BEACH Bill Year Gross Tax Amount Paid Discount Penalty/Fees Interest Due Date Amount Due 2013 �3 $C00 $000 $000 $000 $000 3/31/2014 $000 2012 c, $000 $000 $000 $000 $000 4/1/2013 $000 2011 $000 $000 $000 $000 $000 4/2/2012 $000 2010 a $000 $000 $000 $000 $000 3/31/2011 $000 2009 c, $000 $000 $000 $000 $000 3/31/2010 $000 2008 o $000 $000 $000 $000 $000 3/31/2009 $000 1 Total Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County servivq Palm Beadcounty P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Now M ........................... "1 111111 Checkout ::View Account Number Property Type Last Update 141179 Personal Property Mailing Address: Property Address: OUTREACH INTERNATIONAL INC 1101 N FEDERAL HWY 1101 N FEDERAL HWY FL BOYNTON BEACH , FL 33435-3228 Owner of Record Deed Number: OUTREACH INTERNATIONAL INC CONV000006788430 Tax Authority 0898-CITY OF BOYNTON BEACH ---------------------------- ------------------ No Installment Records Found Palm Beach County Special Assessments (561 ) 355-3457 71 I ISI®,aS HOME FINANCE SPECIAL ASSESSMENT MAIN PAGE NEL!SEARCH 1 LAST SEARCH ( F.AQ i Contact. Finance Special Assessment Search Owner None: as _I N'. e Situs Address: 110' PFJ FEDER ._ Account 1D: PCN: Account Status: All Acc:-u?[s ----.-. NEW Acco urrt lD PCN; Prn,ert Name O wnpr. Situ,Address S4:,auiq Request Type• No records found fcrthe criteria you have entered.Try broadening your criteria and searching again. f rt�ll6rtt"s) r ,ri�rh��urbtil'r � �yb,1�� r, r r�1trt�,. n HOME 1 FINANCE SPECIAL ASSESSMENT MAIN PAGE NEL!SEARCH 1 LAST SEARCH ( F.AQ I Contact. Finance p ci l Assessment Search Owner Name: %,-l_? , , f x ", _ E,,,& 1e D , li.,, a Situs Address: Account lo: PCNs: I iA43A5213211,rDO1n Account STatus, All ccou?[s Account-D r,-.N,, PeniAcf NanTe Owner- Smits Address Status Request TV Pe No records found for the criteria you have entered.'Pier broadening your criteria and searching again. VRI P rp P L o g x C 'Ity L 'ien Search Boynton Beach City - 742-6000 There renforcement vi1 tion(s) on this property. AdditionaHy, we havenotified f code enforcementHens on this property. There are4 assessment fees due. Rease contact BoyntonCity CIerk for more information. *This report provides unrecordedii I debt search res0s. Any recorded fr Hens contained herein rprovided for informationaI purposes oMy and may not be reHed upon in Heu of a tiflesearch. City of Boynton Beach Interest In Real Property This document serves as constructive notice of the City of Boynton Beach's interest in the real property identified below. PCN 08434521320080010 Property Address 1101 N FEDERAL HWY Search performed by Proplogix of Proplogix on Wed Feb 20 12:57:16 PST 2019 Tracking Number: 1581418 Item 1 of 5 Code Enforcement Case Number 16-00001531 Date Opened 09/22/2016 Case Type ALL-ACTIVE LOT LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. Item 2 of 5 Code Enforcement Case Number 16-00000506 Date Opened 03/03/2016 Case Type LIEN -LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. Item 3 of 5 Code Enforcement Case Number 15-00002595 Date Opened 11/17/2015 Case Type ALL-ACTIVE LOT LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.nassets.net/messaging.html ` 1 Page 2 of 2 City of Boynton Beach Interest In Real Property Item 4 of 5 Mowing and Maintenance Resolution Number R17-082 Lien Number ' 16-1531 Original Invoice $918.09 Resolution Adopted ' 09/07/2017 Amount Due on 02/25/2019 $1,025.95 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. Item 5 of 5 Mowing and Maintenance Resolution Number R16-096 Lien Number ' 15-2595 Original Invoice $528.09 Resolution Adopted ' 08/16/2016 Amount Due on 02/25/2019 $634.92 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. UTILITY 1 of 1 Utilities Customer Number 214543 Current Amount $57.89 Customer Status ACTIVE Conduit reports may not reflect outstanding balances owed to the City due to write-offs or other internal account adjustments. Please note,written off balances or other debt incurred by a property owner must be paid prior to the initiation of new utility service at a property. In order to obtain accurate account information, please contact the Utilities Department at the City of Boynton Beach via messaging. No outstanding Building Permits were found. LL: $115 his statement is furnished at the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or employees assume no re pori:>ibility or liability whatsoever ever fear the authenticity or correctness of the matters set forth herein. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation To use Messaging regarding this report,go to http://conduits.nassets.net/messaging.html 41 C O N D U I T S ME S S A G I G H IS TO RY P 0 R T THE ABILITY TO SEND NEW MESSAGES RELATED TO THIS CONDUITS REPORT WILL CLOSE ON 03/22/2019. Tracking Number 1581418 User's Reference#: _ 1 U A •= E— f=_ ;® General Message 19-413181 User. Proplogix Compose a message... Company: Proplogix Primary Property ID: 08434521320080010 liI I Property Address: 1101 N FEDERAL HWY > +do»rmnmrnmammni rmmmmN Search;performed on: 02/20/2019 12:51 PM On behalf of the City of Boynton Beach Utility billing recognized owners. There PST is currently a balance of$57.89 Account Number: 214543-12085 Owner Name: Karen Yeh Ho Please make check payable to City of Boynton Beach Items Found: Utilities Department, 3301 Quantum Blvd Suite 101, Boynton Beach, FL 33426 s uty Duplicate search: falseyj(Qvbi ,_s v'i_f essay 20 1 ebr a.y 2019" 9,0il r'.., Prepaid Search:'I true Please advise if there are any outstanding or written off balances owed for the property. � -, •-, ,f-lel,, Please email the results to DAVID.PLAY@PROPLOGIX.COM Utility raY»� v PIOP�00,x VVednesday,20 Februa�y 2019 12,59,47 PM N - A_SE R H R P Ott, OE NIFD ON,02/2022019 � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 NEW BUSINESS AGENDAITEM: 15.13. SUBJECT: Consideration of Accepting the Transferred City-Owned Properties (Lots 154 and 155, Arden Park)to the CRA to Facilitate Future Redevelopment Projects within the MLK Corridor SUMMARY: The CRA currently owns one of three vacant lots at the corner of NE 9th Avenue and NE 3rd Street, PCN #08-43-45-21-18-000-1560 (NE 9th Avenue). The CRA's lot is located immediately south and adjacent to two vacant lots owned by the City of Boynton Beach, PCN #08-43-45-21-18- 000-1540 and PNC #08-43-45-21-18-000-1550 (see Attachment 1). These three vacant lots have been identified as part of the MLK corridor and part of a future redevelopment project such as, but not limited to, the relocation of the Community Caring Center from their current location at 145 NE 4th Avenue (Attachment 11). The appraised value as of July 18, 2018 of the two City owned properties are as follows: City Lot 154 NE 3rd Street- $52,500 (see Attachment 111) City Lot 155 N E 3rd Street- $52,500 (see Attachment IV) On February 19, 2019 the City Commission approved the disposal of their lots to the CRA for the amount of$10 for each lot. FISCAL IMPACT: FY 2018 -2019, Project Fund 02-58500-470, $20 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District CRA BOARD OPTIONS: 1. Approve the transfer of the City-owned properties located at 154 & 155 NE 3rd Street to the CRA for future redevelopment projects and approve the CRA Chair to execute the closing documents subject to a City approved land transfer and review by the CRA's legal counsel. 2. Provide alternative direction to CRA staff. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -CCC Conceptual Site Plan D Attachment III -City Lot 154 Appraisal D Attachment IV -City Lot 155 Appraisal C � J � •�m � L L Q Q 0 0 Q Q 4 � � N { 0 0 Q � a U U � s r. "gg � scacc vaixo�a`xovaaxo.rNxoa ■ �,N xMH'IV2I3Q33 N LOL _ _ a a z —D H—NOZNAOH d �H dQI2I0'Id`HOdHH NO.LNAOR ■■ ,LHH2I,LS ONE HN NHINHO rJNINVO A.LINf1NNOD m z m z 0' °<al U m� W F �W 1 o �I �µ I� 1 Ti c Ulf a. z zw 1 2E 0 w z p 0 U LL 1 oZ�o a U 8 3N sae 1 133b1S @IE 3N — — APPRAISAL REPORT VACANT LAND 1004 NORTHEAST 3RD STREET (LOT 154) BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 July 18, 2018 Vance Real Estate Service sf, July 18, 2018 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 — i i RE: Vacant land, 1004 Northeast 3 Street(Lot 154), Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of July 18, 2018. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2018-2019). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS $52,500 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT R7TH SIXTY-FOUR (64) NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 "MBA"REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 4`h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 Photograph of the Subject Property 5 Aerial photos of the Subject Property 6 1-3-5 Mile Location Map 8 1-3-5 Mile Summary of Demographic Statistics 9 Summary of Important Facts and Conclusions 11 DESCRIPTIONS ANALYSES & CONCLUSIONS 12 I entity ot Client and Intended User 13 Intended Use 13 Identification of Real Estate Appraised 13 Ownership 13 Property Address and Legal Description 13 Real Estate Tax Analysis 14 Market Area Description 14 Land Use & Zoning 19 Site Description 20 Real Property Interest Appraised 21 Appraisal Purpose and Definition of Market Value 20 Effective Dates of the Appraisal and Report 22 Scope of the Work 22 Summary of Information Considered 23 Property History 24 Highest and Best Use 24 SALES COMPARISON APPROACH- LAND VALUE 28 Land Sales es Location Map 30 Land Sales Documentation 31 Land Sales Comparison Chart 41 Valuation by Sales Comparison 42 FINAL VALUE OPINION 46 Certification and Limiting Conditions 47 ADDENDA 49 Acquiring Deed 50 Copy of"C-2" Zoning Ordinance 52 USPAP Standards Rule 2-2a 54 Qualifications of the Appraisers 56 INTRODUCTION L f s� I 44, 1 t{,4 f, I� "4 4 )� �, t o 4� it .�1f 4+1y", h t A�144 tlt 1aa't MAN 0,10 »itis 2t� �Pf ry�td�hol4r � k rtst{�S}uy� i ",r�iF� {M n4S4 )f�5 i 13� LOOKING EAST AT THE SUBJECT VACANT LAND i 41'j',111(,f 1 f �� 14} �j. t N4 t�'`w 44 Unpaved NE 3 Street Looking North Unpaved NE 3 Street Looking South All L4 +? s i C � � 4 z � � 4 441 si 711(r � t rr �trtti y K � �s y 4 4itt(fi h s 4 tri �11�t,Ij}I�� ,ql Ifjt i s t {ti �I! 1l 3 t 7 ) i t to{ i I f x txt sl(�x��fltt is tt lstlt 44 tsr t94 r ) S s t- 4 yt�r1 t s 1 41 hlu s� � it�i 41141 4 4 .� ,ktf 4, NE 9 Avenue Looking East NE 9 Avenue Looking West PHOTOS OF THE APPRAISED LAND & ENVIRONS 1004 NE 3 Street, Boynton Beach, Florida 33435 5 z P i � ' r •w r 1p 6 /W^ 7-7 Mimi* s � � � � t i }y: 14n z � � W �ti� tirr t 4) n _� (1 �� 1 i "yYs ;a •'� �} 4r it f� f go a 1i 4"S i {iIL 3 a W CA W M M CA CA r H M '� 1. ✓ 1 t} s4S2h�ll � � � Fey � I� 4 4 l FLI F+I r ,f 4�f � �M Ur t t Lake t'u01 A—N W a"h .w F C,gke orifi LvkuAva it Meleleuee Ln _ 59h,4ut �t our ,eru I 3i a ant,nj fail L-"Ib S na Rsl Ila v1 pouxoRd ' �; Fsypol x�+Rd g I a if Rd � s � n 9 Ri 1, Old 9 mon Rd �-vd.---,t.WSayn .464CA- 4yRb5Fl C1 j Rd Loll � � u Run 13alf aat iv zrr,Pic"V-d ` e� Lakeld ED) W Aidanu Rum ri t t tt^�fitnt R'fk( fist R�}t�... t PRfitfi{( tnt Ytttt............ 1-3-5 MILE RADII FROM THE VALUED PROPERTY 1004 NE 3 Street Boynton Beach, Florida 33435 8 • Gesn" 1004 NE 3rd St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 12,806 69,365 156,123 2010 Population 13,125 78,255 173,509 2018 Population 14,721 85,903 188,637 2023 Population 15,781 91,738 199,776 2000-2010 Annual Rate 0.25% 1.21% 1.06% 2010-2018 Annual Rate 1.40% 1.14% 1.02% 2018-2023 Annual Rate 1.40% 1.32% 1.15% 2018 Male Population 49.0% 47.9% 47.9% 2018 Female Population 51.0% 52.1% 52.1% 2018 Median Age 43.2 43.6 46.5 In the identified area, the current year population is 188,637. In 2010, the Census count in the area was 173,509. The rate of change since 2010 was 1.02% annually.The five-year projection for the population in the area is 199,776 representing a change of 1.15% annually from 2018 to 2023. Currently, the population is 47.9% male and 52.1%female. Median Age The median age in this area is 43.2, compared to U.S. median age of 38.3. Race and!Ethnicity 2018 White Alone 39.9% 59.8% 65.1% 2018 Black Alone 53.8% 31.4% 25.5% 2018 American Indian/Alaska Native Alone 0.5% 0.3% 0.4% 2018 Asian Alone 0.9% 2.0% 2.2% 2018 Pacific Islander Alone 0.0% 0.0% 0.0% 2018 Other Race 2.6% 3.6% 4.0% 2018 Two or More Races 2.3% 2.8% 2.7% 2018 Hispanic Origin (Any Race) 11.5% 17.2% 18.3% Persons of Hispanic origin represent 18.3% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 65.7 in the identified area, compared to 64.3 for the U.S. as a whole. Households 2000 Households 4,950 30,172 68,292 2010 Households 5,150 33,357 74,509 2018 Total Households 5,820 36,589 80,526 2023 Total Households 6,265 39,132 85,225 2000-2010 Annual Rate 0.40% 1.01% 0.88% 2010-2018 Annual Rate 1.49% 1.13% 0.95% 2018-2023 Annual Rate 1.48% 1.35% 1.14% 2018 Average Household Size 2.50 2.32 2.32 The household count in this area has changed from 74,509 in 2010 to 80,526 in the current year, a change of 0.95% annually. The five-year projection of households is 85,225, a change of 1.14% annually from the current year total. Average household size is currently 2.32, compared to 2.30 in the year 2010.The number of families in the current year is 46,473 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. 3uly 14, 2018 9 • Gesn" 1004 NE 3rd St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2018 Median Household Income $40,374 $50,482 $52,899 2023 Median Household Income $47,124 $56,774 $60,348 2018-2023 Annual Rate 3.14% 2.38% 2.67% Average Household Income 2018 Average Household Income $63,934 $71,020 $77,890 2023 Average Household Income $75,604 $83,907 $91,982 2018-2023 Annual Rate 3.41% 3.39% 3.38% Per Capita Income 2018 Per Capita Income $25,648 $30,804 $33,621 2023 Per Capita Income $30,401 $36,320 $39,582 2018-2023 Annual Rate 3.46% 3.35% 3.32% Households by Income Current median household income is$52,899 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $60,348 in five years, compared to $65,727 for all U.S. households Current average household income is$77,890 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $91,982 in five years, compared to $96,109 for all U.S. households Current per capita income is $33,621 in the area, compared to the U.S. per capita income of$31,950. The per capita income is projected to be $39,582 in five years, compared to $36,530 for all U.S. households Housing 2000 Total Housing Units 6,171 36,101 81,620 2000 Owner Occupied Housing Units 3,288 21,743 51,219 2000 Renter Occupied Housing Units 1,662 8,429 17,073 2000 Vacant Housing Units 1,221 5,929 13,328 2010 Total Housing Units 6,895 42,369 93,463 2010 Owner Occupied Housing Units 3,142 21,536 51,847 2010 Renter Occupied Housing Units 2,008 11,821 22,662 2010 Vacant Housing Units 1,745 9,012 18,954 2018 Total Housing Units 7,588 45,651 99,238 2018 Owner Occupied Housing Units 3,262 21,412 51,671 2018 Renter Occupied Housing Units 2,558 15,178 28,855 2018 Vacant Housing Units 1,768 9,062 18,712 2023 Total Housing Units 8,095 48,297 104,468 2023 Owner Occupied Housing Units 3,649 23,264 55,642 2023 Renter Occupied Housing Units 2,616 15,867 29,582 2023 Vacant Housing Units 1,830 9,165 19,243 Currently, 52.1% of the 99,238 housing units in the area are owner occupied; 29.1%, renter occupied; and 18.9% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 93,463 housing units in the area - 55.5% owner occupied, 24.2% renter occupied, and 20.3% vacant. The annual rate of change in housing units since 2010 is 2.70%. Median home value in the area is$215,208, compared to a median home value of$218,492 for the U.S. In five years, median value is projected to change by 2.66% annually to$245,448. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. 3uly 14, 2018 10 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Vacant land 1004 Northeast 3rd Street (Lot 154) Boynton Beach, FL 33435 OWNERSHIP: City of Boynton Beach 100 East Boynton Beach Boulevard Boynton Beach, FL 33435 LAND AREA: 50 feet (height) x 150 feet(base) = 7,500 sq ft Note: dimension and size are from public records. No sketch of survey is available for review. BUILDING IMPROVEMENTS: None ZONING: "C-2", Neighborhood Commercial District in the city of Boynton Beach LAND USE: Medium Density Residential APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant HIGHEST AND BEST USE: Currently: Low intensity retail commercial use as permitted in the "C-2" district Future: Assemblage with adjacent lots for a mixed use project VALUE BY THE SALES COMPARISON APPROACH: 7,500 square feet x $7.00 per square foot= FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS 52 500 VALUATION DATE: July 18, 2018 Exposure Time: 12 months prior to selling at the appraised value 11 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2018 - 2019) 2-2(a)(i) State the identity of the client and any intended users, by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: City of Boynton Beach 100 East Boynton Beach Boulevard Boynton Beach, FL 33435 Property Address: 1004 Northeast 3rd Street (Lot 154) Boynton Beach, FL 33435 Legal Description: Lot 154, ARDEN PARK, ADDITION TO BOYNTON FLA, Plat Book 2, page 96, Palm Beach County, FL Census Tract No. 61 13 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 21 18 000 1540 Land Value: $46,078 Improvement Value: - 0 - Total 0 - Total Value: $46,078 Ad Valorem Tax: $ 0 Non Ad Valorem Tax: $ 0 Since the property is owned by a municipality, it is not assessed for taxation. Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. One of the districts in the CRA is the immediate subject market area known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the CRA, with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line a few blocks north of Boynton Beach Boulevard as the south boundary, at about NE 3 Avenue. 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Boynton Beach Boulevard is the principal east-west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. U S Highway 1 is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Seacrest Boulevard is a main north-south artery through the City of Boynton Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is an east-west thoroughfare through the Heart of Boynton. The immediate subject market area is easily accessible by main roads and Interstate 95. Property types in the Heart of Boynton are smaller commercial establishments along the main roads, light industrial close to the FEC Railroad, municipal facilities, single family residential, small multi-family dwellings, a few apartment buildings and places of worship. As mentioned, some structures date back to the 1920's, but most which are still usable were built in the mid-twentieth century. Municipal facilities in the immediate subject market area include parks, two elementary schools and a community center. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Recent projects implemented in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes joint venture with Habitat for Humanity • Construction of single family residences on Martin Luther King, Jr. Boulevard Future projects are: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Widening and extension of NW 11 Avenue, west of Seacrest Boulevard. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2018 in the one-mile radius is $40,374, for three miles it is $50,482, and $52,899 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400, and the east part of the circles include the residents all the way to the Atlantic Ocean. In the one-mile circle, population is 14,721. In three miles, population increases to 85,903; at five miles, it is $188,637. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.15% to 1.40% in the three circles during the next five years as the economy and job market improves in South Florida, and new multi-family residential complexes are constructed. 52% of the housing units are owner occupied, with 29% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Vacancy is reported to be 19%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $215,208, including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of $218,492 in the United States. The life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. The purpose of the Heart of Boynton Community Redevelopment Plan is to revitalize the market area with new housing options and business opportunities. There are examples of new houses along Martin Luther King, Jr. Boulevard, with more planned in the immediate vicinity. Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to be near the end. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. Third party lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. Price range for multi-family dwellings are from about $70,000 to $100,000 per unit based on the same factors. Land unit prices are from about $4.00 to $7.00 per square foot. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units and 15,757 square feet of commercial space. Town Square, a major redevelopment project, will take place in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which will be demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/ retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The first phase of the project is underway. Boynton Beach Community Redevelopment Agency (BB CRA) issued a Request for Proposals and Developer Qualifications for Commercial and Residential Redevelopment for land in the Heart of Boynton District. The land is owned by the BB CRA. At the west end of Martin Luther King (MLK), Jr. Boulevard, east of Seacrest Boulevard, there are two mixed-use development sites totaling about 3.6 acres. 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Additionally, there are 1.4 acres located at the east end of MLK, Jr. Boulevard where the appraised lot is located. Specific property types for the projects are not specified, but that they must be consistent with the BBCRA plan for the area. The redevelopment goal of the RFP and private development is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Conclusion The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. Land Use: Land use is Medium Density Residential, maximum density 9.58 dwelling units per acre. Recommended Land Use is Mixed Use Low density, 20 dwelling units per acre. Zoning: "C-2", Neighborhood Commercial District with the purpose to implement the local retail commercial future land use classification of the Comprehensive Plan. The intent of the district is to allow low- intensity commercial uses of a retail convenience that are intended to service individual residential neighborhoods. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Minimum lot area is 5,000 square feet, minimum lot frontage is 50 feet and minimum lot depth is 100 feet. Excerpt from the zoning code is in the Addenda. Lot area and dimensions of the appraised site meet the standards of the "C-2" district. Recommended future zoning district is Mixed Use One. Platting: The appraised land consists of one platted lot. Site Description: The site concerned is a parallelogram. Approximate dimensions and size are from public records. North boundary on adjacent property: 150 feet East boundary on alley: 50 feet South boundary on adjacent property: 150 feet West boundary on unpaved NE 3 Street: 50 feet Total: 7,500 square feet or 0.1722 acres Utilities: All utilities are available in the area of the appraised lot. Access: The site is accessible by NE 3 Street, connecting to NE 9 Avenue, a two-laned street. There are no sidewalks, but there are streetlights. NE 9 Avenue intersects with North Railroad Avenue on lot to the east. NE 9 Avenue extends west three blocks to intersect with Seacrest Boulevard. NE 3 Street, on the west side of the lot concerned, is not paved. However, NE 3 Street is paved south of NE 9 Avenue and extends seven blocks to Boynton Beach Boulevard. 20 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Easements: Easements are not noted on original plat. If they exist, utility easements would most probably be around the perimeter of the lot. Improvement Description: No building improvements on the site. Environmental Assessment: No assessment was available for review. 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of July 18, 2018. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e., seller and buyer); 2. the terns of sale(e.g.,cash,cash equivalent,or other terns);and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). 21 APPRAISAL REPORT (continued) Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated; 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & LiFht Co., v. denninzss, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: July 18, 2018 B) Date of the Report: July 18, 2018 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. 22 APPRAISAL REPORT (continued) The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. Data research consisted of collecting, confirming, and reporting sales of vacant land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including the multiple listing service, Palm Beach County Appraiser's records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinion, and conclusion is explained in that section. Cost Approach is not used because there are no structures on the site. The Income Approach is not employed in this appraisal because most land is typically purchased for immediate use, not for lease. Sales Comparison Approach is the best method to value vacant land. Exclusion of the Cost Approach and Income Approach still produce a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. 23 APPRAISAL REPORT (continued) b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. Lots 154 and 155, Arden Park, Addition to Boynton, FL, Plat Book 2, page 96, Palm Beach County, FL were sold from Pinkie Ann Cooper to the City of Boynton Beach, FL on October 23, 2003. Sale price for both lots was $60,000. A copy of the deed is in the Addenda. The date of sale is too far removed from the effective date of valuation to be of any significance 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is vacant land, and it is this use which is reflected in the appraisal. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant No soil or subsoil tests are available for review. However, some of the surrounding land has been improved with residential, commercial or industrial improved properties since the 1920s. The land is level and filled to street grade. Land size is 7,500 square feet; the shape is a parallelogram. All utilities are available to the vicinity of the site. The site is accessible via NE 3 Street connecting to NE 9 Street. NE 9 Street intersects with North Railroad Avenue one short block to the east of NE 3 Street. Physical constraint to develop the site is its size which governs the number of potential improvements which can be placed on it. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting restrictions and restrictive covenants. Land use designation is Medium Density Residential. Zoning is "C-2", Neighborhood Commercial District in the City of Boynton Beach. The appraised site consists of one platted lot with dimensions of 50 feet x 150 feet = 7,500 square feet which meets the standards for development in the "C-2" district. Recommended future land use and zoning are for mixed use low density when the lot is assembled with adjacent lands to meet the minimum lot size for such a project. Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. The Florida East Coast Railroad on the east side of the subject market area was the lifeline of commerce in the early part of the twentieth century. Commercial and industrial businesses were established along North Railroad Avenue on the west side of the tracts. As North Federal Highway, on the east side of the tracts, became the more prominent road, commercial properties were built on both sides of the highway. General commercial and industrial properties remain in the immediate subject market area, with a small district set aside for local retail commercial flanking the north and south sides of East Martin Luther King, Jr. Boulevard. The appraised land is in this district on the south side of the boulevard. Future projects for the Heart of Boynton include: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad. 25 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT These projects have a direct bearing on the future use of the site appraised because of its zoning district and proximity to MLK, Jr. Boulevard. As mentioned, residential redevelopment projects are taking place in the subject vicinity such as Ocean Breeze West with 21 homes, Eastview Park with market rate houses ranging from $255,000 to $300,000 constructed by D R Horton, and four new houses on West Martin Luther King, Jr. Boulevard sold from $166,000 to $195,000. The four houses are the result of the work of the Boynton Beach CRA and Boynton Beach Faith-Based Community Development Corporation. Family Dollar Store was recently constructed at the southeast corner of the intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. In light of the renewed interested in the subject market area and the governmental agencies' support, the highest and best use of the land under appraisement as an individual lot is for a small, free-standing retail commercial building. If the lots in close proximity could be assembled with the subject and the alley vacated, the land area would be greater than 47,000 square feet and of sufficient size for a significant commercial or mixed use project, with frontage on Railroad Avenue. The most probably buyer for the subject lot is a local owner-user of the small building which would be constructed on it. If the lot concerned were assembled with the surrounding properties, the most likely buyer would be a regional investor who would construct one larger retail building for a national chain or a multi-tenanted retail building. Maximally Productive as Vacant In summary, the Highest and Best Use of the single lot appraised is a small, free-standing retail commercial building. If it could be assembled with adjacent lots, the size of the retail commercial building could increase proportionately. Such uses would be physically possible, probably legally permissible, financially feasible and maximally productive 26 APPRAISAL REPORT (continued) 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 27 SALES COMPARISON APPROACH LAND VALUATION SUBJECT & LAND SALE LOCATION MAP s I NI �II � �''� -E�N C-TEWdAY BLVD N41' � Aw`. LCKESIQE HARBOUR —ST AVE kVp t � 1 � m u t E,ry 2ATH AVIE t tr L 2 fi� QST p ,i NE 20TH LN 6YNTQN&AY ( , p:—NE 17TH AVE % S �+�LRKE Sri ! i rfltr(tj 17Tff A n NE:17TH A LE-.z' F APMANATEt u t ' Ul t lily 9 I N- 16TH AVE NE MANATEE BAY DR •: i i ('�' �L\\\�� [��z� �� 'I. mA ANAT` EE gqy DR Q� =L zi N 1sTH f`, zLl 4�-1 SHORE DR ,, 14ayn Pin Canal a • i f� A}'_E 1 TS1^P 3�.� � NE 13tHSALE ly LNW 12TH AVE NWY h- (A -~A d. —0 ODER RD " F N W 10TH AVE o 1 NFARTIM LLP {ER.yCYr�C,A�E_;:t I---�.N.W 9TH AVE 4�. NE 9TH AVE •.. Lv � I T NE ST L Nai}i A,VE ,la 1 E+ ! '! M1fW 87Hp R.1 J �l i' r+�� _ AVE v~i "�-� 4LI NE�f7TH A E �I 4 l NW 7TH AVE � I_r+ NE 7TH AVE_z—' 4 �NE NE 5TH AVE j1 _NE 6TH AVE t! :� Po W STH AVE _N+E S H],=E 1 z rP I. 1'V 4TH NE 4TH AVE {_ NAL'E � �E 14TH AVE _J NE 3RD A LE o a Cz F- I.T.N BEACH BLVD D i ST AVE w NE 157AE CR 54 L©PFA BL.Ifiy P NAVE E{]CERN A1VE _• �E 6164N AVEC � I E ft Data use subject to license. ! d DeLorme.DeLorme Street Atlas DSA@ 2009_ 0 400 800 1200 1600 2000 wnv.delorme.com MN(6.7°VV) Data Zoom 14-0 30 VACANT LAND SALES SALE NO. 1 LEGAL DESCRIPTION Lot 5, ROBERT WELLS' SUBDIVISION, Plat Book 11, page 66,Palm Beach County, FL, less the north 10 feet for road RECORDED O. R. Book 29172,Page 1071,Palm Beach County Records GRANTOR Larann Land Investments, LLC GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE June 15,2017 LOCATION 340 East Martin Luther King, Jr. Boulevard Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MU-Ll",Mixed Use Low Intensity SALE PRICE $50,000 LAND SIZE 7,750 square feet(50' x 155') UNITS OF COMPARISON $6.45 per square foot FOLIO NUMBERS 08-43-45-21-04-000-0050 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Grantee, Boynton Beach CRA COMMENTS Boynton Beach CRA is acquiring properties in the area to be assembled into larger sites and readied for redeveloped. 31 4. g ag Kd g.nr�4uvd 1 1 ) Oil mmom LA D SALE 1 340 EAST MARTIN LUTHER KING, JR. BOULEVARD BOYNTON BEACH, FL 33435 32 VACANT LAND SALES SALE NO. 2 LEGAL DESCRIPTION Lot 27, Block 1 of E. Roberts Addition to Boynton, FLA, Plat Book 1,Page 123 of Palm Beach County Public Records. RECORDED O. R. Book 28358,Page 1638, Palm Beach County Records GRANTOR Larann Land Investments, LLC GRANTEE Bride of Christ Tabernacle, Inc. DATE OF SALE June 6,2016 LOCATION 199 E. Martin Luther King Blvd. (NE 10 Avenue) Boynton Beach, Florida ZONING "R-2"Residential/Duplex FUTURE LAND USE "MU-Ll",Mixed Use Low Intensity SALE PRICE $50,000 LAND SIZE 7,000 square feet(50.00' x 140') UNITS OF COMPARISON $7.14 per square foot FOLIO NUMBER 08-43-45-21-27-001-0270 CONDITIONS OF SALE Arm's length cash transaction. CONFIRMED Grantee: Mr. Claude Maxime COMMENTS Purchased by adjacent church for church parking. 33 i tfi�e y, . ME lk�r Aem w , 11 , ryry - y"� Y , ,:reran iwn®er r;ie. �r tga�d ng ar bivsl- e a{;,.u,v�.ar�er bang.nr�srvra _._: '' g -- �rwarmn i.�r�a.r i 1 , a LAND SALE 2 199 E MARTIN LUTHER KING, JR. BLVD. BOYNTON BEACH, FL 34 VACANT LAND SALES SALE NO. 3 LEGAL DESCRIPTION Lots 9 and 10, Block 1, THE MEEKS AND ANDREWS ADDITION TO BOYNTON, Plat Book 5, page 84, Palm Beach County, FL RECORDED O. R. Book 29294,Page 1058,Palm Beach County Records GRANTOR Iran Guzman, et al GRANTEE Albert Thomas, et al DATE OF SALE August 10,2017 LOCATION 309 NE 11 Avenue and 1106 NE 2 Street Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $79,000 LAND SIZE 17,629 square feet(approximately 115' x 155') UNITS OF COMPARISON $4.48 per square foot FOLIO NUMBERS 08-43-45-21-22-001-0090, 0100 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kelly Louidort for grantee COMMENTS Two adjacent lots purchased for future residential use. 35 -1 91 m. its . � !.�,i1➢Uig, ,�.�.,,4u.t o ME 12th 0.ve �ME`12tlt"Ave NE 12th P.We.,,; i,: - ll u , q � s J I w'. i � h N 4 � i I a� NE 11 fli'Ave tt r '. NE 79 fh�'A P k R lm S—h c L ND SALE 3 309 NE 11 Avenue & 1106 NE 2 Street Boynton Beach, FL 36 VACANT LAND SALES SALE NO. 4 LEGAL DESCRIPTION Lots 340-341, CHERRY HILLS, Plat Book 4, page 58, Palm Beach County, FL, RECORDED O. R. Book 29557,Page 221,Palm Beach County Records GRANTOR FR Investments Group, LLC GRANTEE PJMC LLC DATE OF SALE December 21,2017 LOCATION 515 NW 11 Avenue Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $32,500 LAND SIZE 5,000 square feet(50' x 100') UNITS OF COMPARISON $6.50 per square foot FOLIO NUMBERS 08-43-45-21-14-000-3400 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Juan Franco, grantor COMMENTS This lot and the one adjacent to the west were purchased for a total of$53,000 in August, 2016. 37 t 7Ztlt Avg �IVN 12th AV�a � NWV 72th a4V� r t 4 u s a...�� ;» " IdN 4iUt +owe h14R1 1Ytk�AV8 J rr t+lhP� 11tkt R s "�r I � Yah - LAN SALE 4 515 NORTHWEST 11 AVENUE BOYNTON BEACH, FL 38 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lot 13 and the East 38 feet of Lot 14, HILLTOP VILLAGE, Plat Book 24,page 70,Palm Beach County, FL RECORDED O. R. Book 29551,Page 1131,Palm Beach County Records GRANTOR Eddie Thomas et al GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE December 21,2017 LOCATION 230 West Martin Luther King, Jr. Boulevard Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $81,500 LAND SIZE 11,648 square feet(irregular shape) UNITS OF COMPARISON $7.00 per square foot FOLIO NUMBERS 08-43-45-21-09-000-0130 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Grantee, Boynton Beach CRA COMMENTS Boynton Beach CRA is acquiring properties in the area to be assembled into larger sites and readied for redeveloped. 39 G k k 4z - iN Wl3arRin ku1lier Kin€Jr BIYd - VY EAaRtlki L41 kiR�r#Gknp.Ns.C31wd ,wi w LAND ALE 5 230 W MARTIN LUTHER KING, JR. BLVD. BOYNTON BEACH, FL 40 LAND SALE COMPARISON CHART Land Sale Sale Size Site Price per Sales Date Price Sg.Ft. Zoning Square Foot 1 340 E MLK,Jr. Blvd. 6/15/2017 $50,000 7,750 "R-2" $6.45 Boynton Beach, Florida 2 199 E. MLK Boulevard 06/06/2016 $50,000 7,000 "R-2" $7.14 Boynton Beach, Florida 3 309 NE 11 Ave& 1106 NE 2 St 08/10/2017 $79,000 17,629 "R-2" $4.48 Boynton Beach, Florida 4 515 NW 11 Avenue 12/21/2017 $32,500 5,000 "R 2" $6.50 Boynton Beach, Florida 5 230 W MLK,Jr. Blvd. 12/21/2017 $81,500 11,648 "R 2" $7.00 Boynton Beach, Florida SUBJECT Value Date Value Unit Value 1004 NE 3 Street 07/18/2018 52 500 7,500 "C-2" 7.00 Boynton Beach, FL 41 SALES COMPARISON APPROACH - LAND VALUATION Of the several methods to develop an opinion of land value, the one considered to be the most reliable is the Sales Comparison Approach. In this method, sales of other similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. For the opinion to be supportable, there must be an adequate number of sales of similar properties for comparison to the subject. The steps of sales comparison in Land Valuation are: 1) Locate and collect information of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with parties to the transactions, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Compare and adjust the sales to the subject using the significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a single value opinion by this approach. The appraised vacant land contains 7,500 square feet. Zoning is "C-2", Neighborhood Commercial district,in the City of Boynton Beach. Land use is Medium Density Residential. As a small, stand- alone lot, its highest and best use is a small, free-standing retail commercial building. If assembled with adjacent lots, it would have greater utility and be able to be developed as part of a larger retail project. Nevertheless,in this valuation section, the value for the appraised property is developed for an individual lot. A search was made to find recent sales of sites similar to the subject in the central part of Boynton Beach. The appraisers examined many land sales in the immediate area and beyond. The five included in the report are most representative of market value for the land being valued. Details of the transactions are on the sale sheets and chart in this report. There were no recent sales of lots zoned"C-2", Neighborhood Commercial District. The land sales cited in this report are zoned "R-2", Single and Two family residential district and in the same market area as the less intense commercial district. Specific zoning of individual lots is being replaced by mixed use zoning districts, permitting residential and commercial uses on the same property. Recommended land use and zoning for the subject market area is mixed use. Considering the close proximity of the land sales and subject property, and the future of the area as mixed use, the "R-2" zoned land sales are similar enough to the appraised property to provide valid indications of value. The unit of comparison relevant to this valuation is Sale Price per Square Foot of Land. The range of unit prices is from $4.48 per square foot to $7.14 per square foot of land. (Continued) 42 LAND VALUATION (Continued) ELEMENTS OF COMPARISON Elements of comparison are the characteristics of transactions and properties that cause variation in prices paid for real estate. The Appraisal of Real Estate continues by stating that there are basic elements of comparison that may be considered in sales comparison analysis for land valuation. The first group is termed transactional elements being: real property rights conveyed, financing terms, conditions of sale and market conditions. This second group of property elements consists of location,physical characteristics and use. Each element is hereafter addressed. Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple(without tenants) or leased fee(subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at market rent, or below or above market rent. In the case of land,there could be a land lease on the site that would create a leased fee interest. The lease amount would require examination to see if the tenant (the leasehold interest) had a value greater than zero. If it is, then the submarket rental rate would give some of the property value to the tenant. The real property right conveyed in the land sales was fee simple interest, the same interest valued for the land in question. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. All of the land sales were in cash, which is the most common form of payment for vacant lots in the subject area. No adjustments are made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. (Continued) 43 LAND VALUATION (Continued) The land sales cited in this report are arm's length transactions. The Boynton Beach Community Redevelopment Agency (BB CRA) purchased Nos. 1 and 5 in negotiated sales at market prices. Grantors and grantees of Land Sales 2, 3 and 4 were private parties. The data show the BB CRA is paying the market rate for land in the vicinity. No adjustments are necessary for conditions of sale. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. Four of the sales occurred in 2017, and one in 2016. All of the land sales occurred during market conditions which are similar to those at the time of valuation. Hence, no adjustment is necessary for this element of comparison. Adjustments for transactional elements of comparison were considered; now, the land sales are likened to the subject and to each other for property elements of comparison. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, traffic count, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, et cetera. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. However, there may be differences such as corner location, view, and zoning, to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. Locations of the appraised parcel and the land sales are in central Boynton Beach,where the peak of construction took place in the mid-twentieth century. Redevelopment is occurring because old improvements are razed to make way for new residential and commercial projects, most with the financial support or incentives from governmental and social agencies. Land Sale 1 was purchased by the Boynton Beach Community Redevelopment Agency, the primary buyer of properties in the subject market area. Future plan for the subject market area is to assemble sufficient land to be of a size to be attractive to a private developer to purchase for a new residential, commercial or mixed use project. (Continued) 44 LAND VALUATION (Continued) Land Sales 1 and 2 border East MLK, Jr. Boulevard, a main neighborhood thoroughfare with an improved streetscape. Land Sales 3 and 4 are situated along neighborhood streets. No. 5 fronts West MLK, Jr. Boulevard, west of Seacrest Boulevard. Sales 1 and 2 are in a future land use district potentially permitting 20 dwelling units per acre for a mixed use project if they are part of a larger parcel containing at least 0.50 of an acre. The appraised lot could also be part of a mixed use low intensity project. Land Sales 1 and 2 carry most weight for the element of comparison of location being in closest proximity to the subject and having a similar future development potential. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes land size, shape, frontage, topography, view, access, functional utility, et cetera. Adjustments for physical characteristics are best derived from the market by paired sales comparison. Through the process of searching for comparable sales, the physical characteristics are of great import. From the universe of possible comparable sales, those that are most similar to the site appraised are presented in the report for analysis and comparison to the subject. The less the number of physical differences, the better. The land sales consist of either one lot, 1.5 lots or two lots. The range of sizes for the sales is from 5,000 to 17,629 square feet, with the standard size lot being 7,000 to 7,500 square feet. The lot concerned contains about 7,500 square feet. Land Sales 1 and 2 are closest in size to the subject and again are most emphasized for this element of comparison. Use For sites to be comparable, they should have similar uses. Current highest and best use of the subject lot as a stand-alone property is for a small commercial building. However, the future highest and best use for the land concerned along with Land Sales 1 and 2 is to be assembled with adjacent lots to have sufficient size for mixed use projects. More emphasis is placed on the unit prices of these land sales for the final value opinion of the subject. Land Sales 3, 4 and 5 could also be assembled with adjacent lots for lower density residential projects. The elements of comparison of location and use are closely related in this data set. Land Sales 1 and 2 are more similar to the subject for these elements of comparison. 45 FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the five land sales: Land Sale Sale Price per Sguare Foot 1 $6.45 2 $7.14 3 $4.48 4 $6.50 5 $7.00 The elements of comparison of location, physical characteristics and use place the unit value of the appraised land close to the unit sale prices of Land Sales 1 and 2 at$7.00 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for lots in the mid-section of the city of Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the land under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of July 18, 2018 is: $7.00/sq.ft. x 52,500 square feet= 52 500 FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS 46 CERTIFICATION I certify that, to the best of my knowledge and belief, the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of,this report. I appraised this property on August 3,2017. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on July 12, 2018. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. July 18,2018 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 July 18,2018 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 47 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally inspected the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumnbrances. 3. No responsibility is assn ned for legal matters,nor is an opinion of title rendered. Title is assn ned to be good and held in Fee Simple,unless excepted. 4. Legal descriptions and property dimensions have been furnished by others; no responsibility for their correctness is assn ned. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers'names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Where divisions are made between land, improvements, etc.,the values estimated for each apply only under the cited use or uses. 9. The value applies ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report-unless specifically stated. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. Soil or sub-soil contarnination may exist from current or prior users, or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey, Endangered Species Survey, or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use, and possibly, value of the appraised property. The appraisers are not qualified to identify these factors. We recornmend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr. and Claudia Vance are responsible for the analyses,conclusions,and opinions of real estate set forth in this report. No one else provided significant professional assistance to the signers of this report. 16. Prospective value is based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events which might alter market conditions upon which market value opinion has been developed. 17. The appraisers certify that they have the knowledge and experience required to perforn this appraisal assignment. 18. The appraisers reserve the right to amend or change this report at any time additional market information is obtained which would significantly affect the value. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 July 18,2018 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 July 18,2018 48 ADDENDA 2dOLW A ' OR 3K 16142 PSB 1815 Pair Reach County, Florida THIS INSTRUMENT WAS PREPARED BY: AMT 60,000.00 DONALD J.DOODY,ESQUIRE Doe Stamp 420.00 GOREN,CMEROF,DOODY&EZROI,PA 3099 E Cane tial Blvd, Suite 200 Fort Laudadde,FWnda 33308 WARRANTY DEED ENURE,made this 23rd day of October, 2003,by Pinkie Ann Cooper, a single woman, wh office address is 360 Avenue S,West Palm Beach, Florida 33404 (hereinafter referred to as r") and the City of Boynton Beach, a Florida municipal corporation, whose post office is 100 East Boynton Beach Boulevard, Boynton Beach, Florida 33425 (hereinafter refenred tom%=tee"). WITNESSETH: That said Gran in consideration of the sum of TEN ($10.00) DOLLARS, and other good and valuable 'ons to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged,has bargained and sold to the Grantee,and Grantee's successors and assigns forever,the folio land, situate, lying and being in Broward County, Florida, to wit: Lots 154 and 155,Plat of PARK,ADDITION TO BOYNTON, FL.,as recorded in Plat Book 2,Page 96 of the lic Records of Palm Beach County,Florida. PIN NO. 08-43-45-21-18-000-1 08-43-45-21-18-000-1550 D SUBJECT TO: Taxes for 2003 Sequent years, zoning and/or restrictions and prohibitions imposed by governmental autho ' easements and restrictions and other matters appearing on the plat and/or common to the Together with: All the tenements,heredi app„utenances thereto belonging or in anywise appertaining. To Have and To Hold,the same in fee simple f And the Grantor hereby covenants with said Grantee is lawfully seized of said land in fee simple; that she has good right and lawful authority d convey said land; that she hereby fully warrants the title to said land and will defend the the lawful claims of all persons whomsoever,and that said land is free of all enc Grantor represents and warrants that the subject prope � the homstwA of the Grantor. Book16142/Page1815 50 Page 1 of 2 IN WITNESS WHEREOF,Grantor has herem set her hand and seal the day and yearfirst above written. Signed,sealed and delivered in our presence: .I'?— i inkie Cooper �`,+a NEJE 2J or IM T' (Print or Type Nam V�, STATE OF FLORIDA ) �COUNTY OF BROWARD ) SS- The foregoing instrument acknowledged before me this 23rd day of October, 2003,by Pinkie Ann Cooper, a single wo is personally known to me or hes produced A-Q I,J�,+o Gr Crtic.�. _ i cation. C r Co- UB IC O m+oe�rt��t ra�otiwo air.Er .n P �maters My Co n Expires: Commissio Book 161421Page1816 51 Page 2 of 2 B. C-2 Neighborhood Commercial District. 1. General. The purpose of the C-2 zoning district is to implement the local retail commercial (LRC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to allow low-intensity commercial uses of a retail convenience that are intended to serve and which are in close proximity to individual residential neighborhoods. Generally, the desired locations of these commercial areas would be at the periphery of one (1) or more neighborhoods along roadway classifications that are able to support the additional traffic. 2. Use(s) Allowed. See "Use Matrix Table 3-28"in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-15). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: BUILDING/SITE REGULATIONS C-2 District Minimum lot area: 5,000 s.f. Minimum lot frontage: 50 feet Minimum lot depth: 100 feet Minimum yard setbacks: Front: 30 feet''2 Rear: 20 feet Abutting: Residential district(s) 30 feet Interior side: 15 feet''2 Abutting: Residential district(s) 30 feet' Corner side: 20 feet''2 Abutting: Residential district(s) 30 feet' Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.503 Maximum structure height: 25 feee ' Reduced setbacks will be applied to property located within the Urban Coinrnercial District Overlay Zone, Section 8.C.below. 52 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr. Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 5.C.below). 3 A floor area ratio (FAR)up to 0.50 may be considered for local retail coinmercial uses allowed within the C-2 district(see "Use Matrix"—Chapter 3,Article IV. Section 3.13.),pursuant to the local retail commercial future land use classification of the Comprehensive Plan. 4 Not to exceed two (2)stories. 4. Review and Approval Process. Pursuant to Chapter 2, Article 11, Section 2.F., site plan approval shall be required for the construction or modification of a non-residential building, structure, or improvement, including any area allocated to an accessory residential unit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V Minimum Off-Street Parking Requirements. 53 SUMMARY OF 2018—2019 USPAP(Uniform Standards of Professional Appraisal Practice) Standard Rule 2: Real Property Appraisal, Reporting In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The form, format, and style of the report are functions of the needs of intended users and appraisers. The substantive content of a report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in the manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS R ULE 2-2(a) Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used:Appraisal Report or Restricted Appraisal Report. The content of an Appraisal Report must be consistent with the Intended Use of the appraisal and, at a minimum: (i) state the identity of the client, unless the client has specifically requested otherwise; state the identity of any intended users by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: state all extraordinary assumptions and hypothetical conditions: and state that their use might have affected the assignment results; and (xii) include a signed certification in accordance with Standards Rule 2-3. 54 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser' means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 5.11(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 55 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perfonm the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perfonm most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida. Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES,VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR)VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 56 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management"' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 57 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla.) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 58 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla.Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Boob'Uniform Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) 59 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2 00 1. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act'before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues' February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 60 I of 4 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vancevalgatt.net Web Site: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perforin the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/inotels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations,Marinas,Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Types of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investiment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 61 2 of 4 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; Citigroup; Space Coast Credit Union; State Fann Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Pahn Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Patin Beach,Broward County Board of County Coininissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environinental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property,1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing,1987,Passed Exam Course R-2 (SREA) - Report Writing,1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation,1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 62 3 of 4 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's] (1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the 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Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996-1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979,1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Guide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS J) CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 64 APPRAISAL REPORT VACANT LAND 1002 NORTHEAST 3RD STREET (LOT 155) BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 July 18, 2018 Vance Real Estate Service sf, July 18, 2018 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 — i i RE: Vacant land, 1002 Northeast 3 Street(Lot 155), Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of July 18, 2018. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2018-2019). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS $52,500 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT R7TH SIXTY-FOUR (64) NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 "MBA"REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 4`h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 Photograph of the Subject Property 5 Aerial photos of the Subject Property 6 1-3-5 Mile Location Map 8 1-3-5 Mile Summary of Demographic Statistics 9 Summary of Important Facts and Conclusions 11 DESCRIPTIONS ANALYSES & CONCLUSIONS 12 I entity ot Client and Intended User 13 Intended Use 13 Identification of Real Estate Appraised 13 Ownership 13 Property Address and Legal Description 13 Real Estate Tax Analysis 14 Market Area Description 14 Land Use & Zoning 19 Site Description 20 Real Property Interest Appraised 21 Appraisal Purpose and Definition of Market Value 20 Effective Dates of the Appraisal and Report 22 Scope of the Work 22 Summary of Information Considered 23 Property History 24 Highest and Best Use 24 SALES COMPARISON APPROACH- LAND VALUE 28 Land Sales es Location Map 30 Land Sales Documentation 31 Land Sales Comparison Chart 41 Valuation by Sales Comparison 42 FINAL VALUE OPINION 46 Certification and Limiting Conditions 47 ADDENDA 49 Acquiring Deed 50 Copy of"C-2" Zoning Ordinance 52 USPAP Standards Rule 2-2a 54 Qualifications of the Appraisers 56 INTRODUCTION I' ` t LOOKING EAST AT THE SUBJECT VACANT LAND u Qi " uih,_ I s Unpaved NE 3 Street Looking North Unpaved NE 3 Street Looking South All i C z � � s 4�1 tt 711(r � t rr �tr�ti y K � 1 �}S t# ts NE 9 Avenue Looking East NE 9 Avenue Looking West PHOTOS OF THE APPRAISED LAND & ENVIRONS 1002 NE 3 Street, Boynton Beach, Florida 33435 5 I` f w a 3 { � h y "Pal p i�,� b�f� t1 f � �•. 5- 1p � 1T S Ir �r >q(r` � ,z CD W M W d ts Pit 3 f r »tWN ft' � ,�i d � `� `�'•=.fit, t it 4 y I r� � �Ykry rm, K 1 — � I r v 1E Is: `t 4 4 r 1 � r1 �e rv�t U � t 4 , �M Ur t t n� Lake t'u01 A—N W a"h .w F C,gke orifi LvkuAva it Meleleuee Ln _ 59h,4ut �t our ,eru I 3i a ant,nj fail L-"Ib S na Rsl Ila v1 pouxoRd ' �; Fsypol x�+Rd g I a if Rd � s � n 9 Ri 1, Old 9 mon Rd �-vd.---,t.WSayn .464CA- 4yRb5Fl C1 j Rd Loll � � u Run 13alf aat iv zrr,Pic"V-d ` e� Lakeld ED) W Aidanu Rum ri t t tt^�fitnt R'fk( fist R�}t�... t PRfitfi{( tnt Ytttt............ 1-3-5 MILE RADII FROM THE VALUED PROPERTY 1002 NE 3 Street Boynton Beach, Florida 33435 8 • Gesn" 1002 NE 3rd St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 12,806 69,365 156,123 2010 Population 13,125 78,255 173,509 2018 Population 14,721 85,903 188,637 2023 Population 15,781 91,738 199,776 2000-2010 Annual Rate 0.25% 1.21% 1.06% 2010-2018 Annual Rate 1.40% 1.14% 1.02% 2018-2023 Annual Rate 1.40% 1.32% 1.15% 2018 Male Population 49.0% 47.9% 47.9% 2018 Female Population 51.0% 52.1% 52.1% 2018 Median Age 43.2 43.6 46.5 In the identified area, the current year population is 188,637. In 2010, the Census count in the area was 173,509. The rate of change since 2010 was 1.02% annually.The five-year projection for the population in the area is 199,776 representing a change of 1.15% annually from 2018 to 2023. Currently, the population is 47.9% male and 52.1%female. Median Age The median age in this area is 43.2, compared to U.S. median age of 38.3. Race and!Ethnicity 2018 White Alone 39.9% 59.8% 65.1% 2018 Black Alone 53.8% 31.4% 25.5% 2018 American Indian/Alaska Native Alone 0.5% 0.3% 0.4% 2018 Asian Alone 0.9% 2.0% 2.2% 2018 Pacific Islander Alone 0.0% 0.0% 0.0% 2018 Other Race 2.6% 3.6% 4.0% 2018 Two or More Races 2.3% 2.8% 2.7% 2018 Hispanic Origin (Any Race) 11.5% 17.2% 18.3% Persons of Hispanic origin represent 18.3% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 65.7 in the identified area, compared to 64.3 for the U.S. as a whole. Households 2000 Households 4,950 30,172 68,292 2010 Households 5,150 33,357 74,509 2018 Total Households 5,820 36,589 80,526 2023 Total Households 6,265 39,132 85,225 2000-2010 Annual Rate 0.40% 1.01% 0.88% 2010-2018 Annual Rate 1.49% 1.13% 0.95% 2018-2023 Annual Rate 1.48% 1.35% 1.14% 2018 Average Household Size 2.50 2.32 2.32 The household count in this area has changed from 74,509 in 2010 to 80,526 in the current year, a change of 0.95% annually. The five-year projection of households is 85,225, a change of 1.14% annually from the current year total. Average household size is currently 2.32, compared to 2.30 in the year 2010.The number of families in the current year is 46,473 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. 3uly 14, 2018 9 • Gesn" 1002 NE 3rd St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2018 Median Household Income $40,374 $50,482 $52,899 2023 Median Household Income $47,124 $56,774 $60,348 2018-2023 Annual Rate 3.14% 2.38% 2.67% Average Household Income 2018 Average Household Income $63,934 $71,020 $77,890 2023 Average Household Income $75,604 $83,907 $91,982 2018-2023 Annual Rate 3.41% 3.39% 3.38% Per Capita Income 2018 Per Capita Income $25,648 $30,804 $33,621 2023 Per Capita Income $30,401 $36,320 $39,582 2018-2023 Annual Rate 3.46% 3.35% 3.32% Households by Income Current median household income is$52,899 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $60,348 in five years, compared to $65,727 for all U.S. households Current average household income is$77,890 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $91,982 in five years, compared to $96,109 for all U.S. households Current per capita income is $33,621 in the area, compared to the U.S. per capita income of$31,950. The per capita income is projected to be $39,582 in five years, compared to $36,530 for all U.S. households Housing 2000 Total Housing Units 6,171 36,101 81,620 2000 Owner Occupied Housing Units 3,288 21,743 51,219 2000 Renter Occupied Housing Units 1,662 8,429 17,073 2000 Vacant Housing Units 1,221 5,929 13,328 2010 Total Housing Units 6,895 42,369 93,463 2010 Owner Occupied Housing Units 3,142 21,536 51,847 2010 Renter Occupied Housing Units 2,008 11,821 22,662 2010 Vacant Housing Units 1,745 9,012 18,954 2018 Total Housing Units 7,588 45,651 99,238 2018 Owner Occupied Housing Units 3,262 21,412 51,671 2018 Renter Occupied Housing Units 2,558 15,178 28,855 2018 Vacant Housing Units 1,768 9,062 18,712 2023 Total Housing Units 8,095 48,297 104,468 2023 Owner Occupied Housing Units 3,649 23,264 55,642 2023 Renter Occupied Housing Units 2,616 15,867 29,582 2023 Vacant Housing Units 1,830 9,165 19,243 Currently, 52.1% of the 99,238 housing units in the area are owner occupied; 29.1%, renter occupied; and 18.9% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 93,463 housing units in the area - 55.5% owner occupied, 24.2% renter occupied, and 20.3% vacant. The annual rate of change in housing units since 2010 is 2.70%. Median home value in the area is$215,208, compared to a median home value of$218,492 for the U.S. In five years, median value is projected to change by 2.66% annually to$245,448. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. 3uly 14, 2018 10 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Vacant land 1002 Northeast 3rd Street (Lot 155) Boynton Beach, FL 33435 OWNERSHIP: City of Boynton Beach 100 East Boynton Beach Boulevard Boynton Beach, FL 33435 LAND AREA: 50 feet (height) x 150 feet(base) = 7,500 sq ft Note: dimension and size are from public records. No sketch of survey is available for review. BUILDING IMPROVEMENTS: None ZONING: "C-2", Neighborhood Commercial District in the city of Boynton Beach LAND USE: Local Retail Commercial APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant HIGHEST AND BEST USE: Currently: Low intensity retail commercial use as permitted in the "C-2" district Future: Assemblage with adjacent lots for a mixed use project VALUE BY THE SALES COMPARISON APPROACH: 7,500 square feet x $7.00 per square foot= FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS 52 500 VALUATION DATE: July 18, 2018 Exposure Time: 12 months prior to selling at the appraised value 11 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2018 - 2019) 2-2(a)(i) State the identity of the client and any intended users, by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: City of Boynton Beach 100 East Boynton Beach Boulevard Boynton Beach, FL 33435 Property Address: 1002 Northeast 3rd Street (Lot 155) Boynton Beach, FL 33435 Legal Description: Lot 155, ARDEN PARK, ADDITION TO BOYNTON FLA, Plat Book 2, page 96, Palm Beach County, FL Census Tract No. 61 13 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 21 18 000 1550 Land Value: $47,433 Improvement Value: - 0 - Total 0 - Total Value: $47,433 Ad Valorem Tax: $ 0 Non Ad Valorem Tax: $ 0 Since the property is owned by a municipality, it is not assessed for taxation. Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. One of the districts in the CRA is the immediate subject market area known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the CRA, with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line a few blocks north of Boynton Beach Boulevard as the south boundary, at about NE 3 Avenue. 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Boynton Beach Boulevard is the principal east-west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. U S Highway 1 is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Seacrest Boulevard is a main north-south artery through the City of Boynton Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is an east-west thoroughfare through the Heart of Boynton. The immediate subject market area is easily accessible by main roads and Interstate 95. Property types in the Heart of Boynton are smaller commercial establishments along the main roads, light industrial close to the FEC Railroad, municipal facilities, single family residential, small multi-family dwellings, a few apartment buildings and places of worship. As mentioned, some structures date back to the 1920's, but most which are still usable were built in the mid-twentieth century. Municipal facilities in the immediate subject market area include parks, two elementary schools and a community center. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Recent projects implemented in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes joint venture with Habitat for Humanity • Construction of single family residences on Martin Luther King, Jr. Boulevard Future projects are: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Widening and extension of NW 11 Avenue, west of Seacrest Boulevard. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2018 in the one-mile radius is $40,374, for three miles it is $50,482, and $52,899 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400, and the east part of the circles include the residents all the way to the Atlantic Ocean. In the one-mile circle, population is 14,721. In three miles, population increases to 85,903; at five miles, it is $188,637. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.15% to 1.40% in the three circles during the next five years as the economy and job market improves in South Florida, and new multi-family residential complexes are constructed. 52% of the housing units are owner occupied, with 29% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Vacancy is reported to be 19%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $215,208, including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of $218,492 in the United States. The life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. The purpose of the Heart of Boynton Community Redevelopment Plan is to revitalize the market area with new housing options and business opportunities. There are examples of new houses along Martin Luther King, Jr. Boulevard, with more planned in the immediate vicinity. Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to be near the end. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. Third party lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. Price range for multi-family dwellings are from about $70,000 to $100,000 per unit based on the same factors. Land unit prices are from about $4.00 to $7.00 per square foot. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units and 15,757 square feet of commercial space. Town Square, a major redevelopment project, will take place in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which will be demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/ retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The first phase of the project is underway. Boynton Beach Community Redevelopment Agency (BB CRA) issued a Request for Proposals and Developer Qualifications for Commercial and Residential Redevelopment for land in the Heart of Boynton District. The land is owned by the BB CRA. At the west end of Martin Luther King (MLK), Jr. Boulevard, east of Seacrest Boulevard, there are two mixed-use development sites totaling about 3.6 acres. 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Additionally, there are 1.4 acres located at the east end of MLK, Jr. Boulevard where the appraised lot is located. Specific property types for the projects are not specified, but that they must be consistent with the BB CRA plan for the area. The redevelopment goal of the RFP and private development is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Conclusion The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. Land Use: Local Retail Commercial Zoning: "C-2", Neighborhood Commercial District with the purpose to implement the local retail commercial future land use classification of the Comprehensive Plan. The intent of the district is to allow low- intensity commercial uses of a retail convenience that are intended to service individual residential neighborhoods. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Minimum lot area is 5,000 square feet, minimum lot frontage is 50 feet and minimum lot depth is 100 feet. Excerpt from the zoning code is in the Addenda. Lot area and dimensions of the appraised site meet the standards of the "C-2" district. Recommended future zoning district is Mixed Use One. Platting: The appraised land consists of one platted lot. Site Description: The site concerned is a parallelogram. Approximate dimensions and size are from public records. North boundary on adjacent property: 150 feet East boundary on alley: 50 feet South boundary on adjacent property: 150 feet West boundary on unpaved NE 3 Street: 50 feet Total: 7,500 square feet or 0.1722 acres Utilities: All utilities are available in the area of the appraised lot. Access: The site is accessible by NE 3 Street, connecting to NE 9 Avenue, a two-laned street. There are no sidewalks, but there are streetlights. NE 9 Avenue intersects with North Railroad Avenue on lot to the east. NE 9 Avenue extends west three blocks to intersect with Seacrest Boulevard. NE 3 Street, on the west side of the lot concerned, is not paved. However, NE 3 Street is paved south of NE 9 Avenue and extends seven blocks to Boynton Beach Boulevard. 20 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Easements: Easements are not noted on original plat. If they exist, utility easements would most probably be around the perimeter of the lot. Improvement Description: No building improvements on the site. Environmental Assessment: No assessment was available for review. 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of July 18, 2018. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e.,seller and buyer); 2. the terns of sale(e.g.,cash,cash equivalent,or other terns);and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). 21 APPRAISAL REPORT (continued) Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated; 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & LiFht Co., v. denninzss, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: July 18, 2018 B) Date of the Report: July 18, 2018 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. 22 APPRAISAL REPORT (continued) The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. Data research consisted of collecting, confirming, and reporting sales of vacant land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including the multiple listing service, Palm Beach County Appraiser's records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinion, and conclusion is explained in that section. Cost Approach is not used because there are no structures on the site. The Income Approach is not employed in this appraisal because most land is typically purchased for immediate use, not for lease. Sales Comparison Approach is the best method to value vacant land. Exclusion of the Cost Approach and Income Approach still produce a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. 23 APPRAISAL REPORT (continued) b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. Lots 154 and 155, Arden Park, Addition to Boynton, FL, Plat Book 2, page 96, Palm Beach County, FL were sold from Pinkie Ann Cooper to the City of Boynton Beach, FL on October 23, 2003. Sale price for both lots was $60,000. A copy of the deed is in the Addenda. The date of sale is too far removed from the effective date of valuation to be of any significance 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is vacant land, and it is this use which is reflected in the appraisal. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant No soil or subsoil tests are available for review. However, some of the surrounding land has been improved with residential, commercial or industrial improved properties since the 1920s. The land is level and filled to street grade. Land size is 7,500 square feet; the shape is a parallelogram. All utilities are available to the vicinity of the site. The site is accessible via NE 3 Street connecting to NE 9 Street. NE 9 Street intersects with North Railroad Avenue one short block to the east of NE 3 Street. Physical constraint to develop the site is its size which governs the number of potential improvements which can be placed on it. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting restrictions and restrictive covenants. Land use designation is Local Retail Commercial. Zoning is "C- 2", Neighborhood Commercial District in the City of Boynton Beach. The appraised site consists of one platted lot with dimensions of 50 feet x 150 feet = 7,500 square feet which meets the standards for development in the "C-2" district. Recommended future land use and zoning are for mixed use low density when the lot is assembled with adjacent lands to meet the minimum lot size for such a project. Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. The Florida East Coast Railroad on the east side of the subject market area was the lifeline of commerce in the early part of the twentieth century. Commercial and industrial businesses were established along North Railroad Avenue on the west side of the tracts. As North Federal Highway, on the east side of the tracts, became the more prominent road, commercial properties were built on both sides of the highway. General commercial and industrial properties remain in the immediate subject market area, with a small district set aside for local retail commercial flanking the north and south sides of East Martin Luther King, Jr. Boulevard. The appraised land is in this district on the south side of the boulevard. Future projects for the Heart of Boynton include: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad. 25 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT These projects have a direct bearing on the future use of the site appraised because of its zoning district and proximity to MLK, Jr. Boulevard. As mentioned, residential redevelopment projects are taking place in the subject vicinity such as Ocean Breeze West with 21 homes, Eastview Park with market rate houses ranging from $255,000 to $300,000 constructed by D R Horton, and four new houses on West Martin Luther King, Jr. Boulevard sold from $166,000 to $195,000. The four houses are the result of the work of the Boynton Beach CRA and Boynton Beach Faith-Based Community Development Corporation. Family Dollar Store was recently constructed at the southeast corner of the intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. In light of the renewed interested in the subject market area and the governmental agencies' support, the highest and best use of the land under appraisement as an individual lot is for a small, free-standing retail commercial building. If the lots in close proximity could be assembled with the subject and the alley vacated, the land area would be greater than 47,000 square feet and of sufficient size for a significant commercial or mixed use project, with frontage on Railroad Avenue. The most probably buyer for the subject lot is a local owner-user of the small building which would be constructed on it. If the lot concerned were assembled with the surrounding properties, the most likely buyer would be a regional investor who would construct one larger retail building for a national chain or a multi-tenanted retail building. Maximally Productive as Vacant In summary, the Highest and Best Use of the single lot appraised is a small, free-standing retail commercial building. If it could be assembled with adjacent lots, the size of the retail commercial building could increase proportionately. Such uses would be physically possible, probably legally permissible, financially feasible and maximally productive 26 APPRAISAL REPORT (continued) 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 27 SALES COMPARISON APPROACH LAND VALUATION SUBJECT & LAND SALE LOCATION MAP s I NI �II � �''� -E�N C-TEWdAY BLVD N41' � Aw`. LCKESIQE HARBOUR —ST AVE kVp t � 1 � m u t E,ry 2ATH AVIE t tr L 2 fi� QST p ,i NE 20TH LN 6YNTQN&AY ( , p:—NE 17TH AVE % S �+�LRKE Sri ! i rfltr(tj 17Tff A n NE:17TH A LE-.z' F APMANATEt u t ' Ul t lily 9 I N- 16TH AVE NE MANATEE BAY DR •: i i ('�' �L\\\�� [��z� �� 'I. mA ANAT` EE gqy DR Q� =L zi N 1sTH f`, zLl 4�-1 SHORE DR ,, 14ayn Pin Canal a • i f� A}'_E 1 TS1^P 3�.� � NE 13tHSALE ly LNW 12TH AVE NWY h- (A -~A d. —0 ODER RD " F N W 10TH AVE o 1 NFARTIM LLP {ER.yCYr�C,A�E_;:t I---�.N.W 9TH AVE 4�. NE 9TH AVE •.. Lv � I T NE ST L Nai}i A,VE ,la 1 E+ ! '! M1fW 87Hp R.1 J �l i' r+�� _ AVE v~i "�-� 4LI NE�f7TH A E �I 4 l NW 7TH AVE � I_r+ NE 7TH AVE_z—' 4 �NE NE 5TH AVE j1 _NE 6TH AVE t! :� Po W STH AVE _N+E S H],=E 1 z rP I. 1'V 4TH NE 4TH AVE {_ NAL'E � �E 14TH AVE _J NE 3RD A LE o a Cz F- I.T.N BEACH BLVD D i ST AVE w NE 157AE CR 54 L©PFA BL.Ifiy P NAVE E{]CERN A1VE _• �E 6164N AVEC � I E ft Data use subject to license. ! d DeLorme.DeLorme Street Atlas DSA@ 2009_ 0 400 800 1200 1600 2000 wnv.delorme.com MN(6.7°VV) Data Zoom 14-0 30 VACANT LAND SALES SALE NO. 1 LEGAL DESCRIPTION Lot 5, ROBERT WELLS' SUBDIVISION, Plat Book 11, page 66,Palm Beach County, FL, less the north 10 feet for road RECORDED O. R. Book 29172,Page 1071,Palm Beach County Records GRANTOR Larann Land Investments, LLC GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE June 15,2017 LOCATION 340 East Martin Luther King, Jr. Boulevard Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MU-Ll",Mixed Use Low Intensity SALE PRICE $50,000 LAND SIZE 7,750 square feet(50' x 155') UNITS OF COMPARISON $6.45 per square foot FOLIO NUMBERS 08-43-45-21-04-000-0050 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Grantee, Boynton Beach CRA COMMENTS Boynton Beach CRA is acquiring properties in the area to be assembled into larger sites and readied for redeveloped. 31 4. g ag Kd g.nr�4uvd 1 1 ) Oil mmom LA D SALE 1 340 EAST MARTIN LUTHER KING, JR. BOULEVARD BOYNTON BEACH, FL 33435 32 VACANT LAND SALES SALE NO. 2 LEGAL DESCRIPTION Lot 27, Block 1 of E. Roberts Addition to Boynton, FLA, Plat Book 1,Page 123 of Palm Beach County Public Records. RECORDED O. R. Book 28358,Page 1638, Palm Beach County Records GRANTOR Larann Land Investments, LLC GRANTEE Bride of Christ Tabernacle, Inc. DATE OF SALE June 6,2016 LOCATION 199 E. Martin Luther King Blvd. (NE 10 Avenue) Boynton Beach, Florida ZONING "R-2"Residential/Duplex FUTURE LAND USE "MU-Ll",Mixed Use Low Intensity SALE PRICE $50,000 LAND SIZE 7,000 square feet(50.00' x 140') UNITS OF COMPARISON $7.14 per square foot FOLIO NUMBER 08-43-45-21-27-001-0270 CONDITIONS OF SALE Arm's length cash transaction. CONFIRMED Grantee: Mr. Claude Maxime COMMENTS Purchased by adjacent church for church parking. 33 i tfi�e y, . ME lk�r Aem w , 11 , ryry - y"� Y , ,:reran iwn®er r;ie. �r tga�d ng ar bivsl- e a{;,.u,v�.ar�er bang.nr�srvra _._: '' g -- �rwarmn i.�r�a.r i 1 , a LAND SALE 2 199 E MARTIN LUTHER KING, JR. BLVD. BOYNTON BEACH, FL 34 VACANT LAND SALES SALE NO. 3 LEGAL DESCRIPTION Lots 9 and 10, Block 1, THE MEEKS AND ANDREWS ADDITION TO BOYNTON, Plat Book 5, page 84, Palm Beach County, FL RECORDED O. R. Book 29294,Page 1058,Palm Beach County Records GRANTOR Iran Guzman, et al GRANTEE Albert Thomas, et al DATE OF SALE August 10,2017 LOCATION 309 NE 11 Avenue and 1106 NE 2 Street Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $79,000 LAND SIZE 17,629 square feet(approximately 115' x 155') UNITS OF COMPARISON $4.48 per square foot FOLIO NUMBERS 08-43-45-21-22-001-0090, 0100 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kelly Louidort for grantee COMMENTS Two adjacent lots purchased for future residential use. 35 -1 91 m. its . � !.�,i1➢Uig, ,�.�.,,4u.t o ME 12th 0.ve �ME`12tlt"Ave NE 12th P.We.,,; i,: - ll u , q � s J I w'. i � h N 4 � i I a� NE 11 fli'Ave tt r '. NE 79 fh�'A P k R lm S—h c L ND SALE 3 309 NE 11 Avenue & 1106 NE 2 Street Boynton Beach, FL 36 VACANT LAND SALES SALE NO. 4 LEGAL DESCRIPTION Lots 340-341, CHERRY HILLS, Plat Book 4, page 58, Palm Beach County, FL, RECORDED O. R. Book 29557,Page 221,Palm Beach County Records GRANTOR FR Investments Group, LLC GRANTEE PJMC LLC DATE OF SALE December 21,2017 LOCATION 515 NW 11 Avenue Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $32,500 LAND SIZE 5,000 square feet(50' x 100') UNITS OF COMPARISON $6.50 per square foot FOLIO NUMBERS 08-43-45-21-14-000-3400 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Juan Franco, grantor COMMENTS This lot and the one adjacent to the west were purchased for a total of$53,000 in August, 2016. 37 t 7Ztlt Avg �IVN 12th AV�a � NWV 72th a4V� r t 4 u s a...�� ;» " IdN 4iUt +owe h14R1 1Ytk�AV8 J rr t+lhP� 11tkt R s "�r I � Yah - LAN SALE 4 515 NORTHWEST 11 AVENUE BOYNTON BEACH, FL 38 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lot 13 and the East 38 feet of Lot 14, HILLTOP VILLAGE, Plat Book 24,page 70,Palm Beach County, FL RECORDED O. R. Book 29551,Page 1131,Palm Beach County Records GRANTOR Eddie Thomas et al GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE December 21,2017 LOCATION 230 West Martin Luther King, Jr. Boulevard Boynton Beach, Florida ZONING "R-2", Single and two-family residential district FUTURE LAND USE "MDR", Medium Density Residential SALE PRICE $81,500 LAND SIZE 11,648 square feet(irregular shape) UNITS OF COMPARISON $7.00 per square foot FOLIO NUMBERS 08-43-45-21-09-000-0130 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Grantee, Boynton Beach CRA COMMENTS Boynton Beach CRA is acquiring properties in the area to be assembled into larger sites and readied for redeveloped. 39 G k k 4z - iN Wl3arRin ku1lier Kin€Jr BIYd - VY EAaRtlki L41 kiR�r#Gknp.Ns.C31wd ,wi w LAND ALE 5 230 W MARTIN LUTHER KING, JR. BLVD. BOYNTON BEACH, FL 40 LAND SALE COMPARISON CHART Land Sale Sale Size Site Price per Sales Date Price Sg.Ft. Zoning Square Foot 1 340 E MLK,Jr. Blvd. 6/15/2017 $50,000 7,750 "R-2" $6.45 Boynton Beach, Florida 2 199 E. MLK Boulevard 06/06/2016 $50,000 7,000 "R-2" $7.14 Boynton Beach, Florida 3 309 NE 11 Ave& 1106 NE 2 St 08/10/2017 $79,000 17,629 "R-2" $4.48 Boynton Beach, Florida 4 515 NW 11 Avenue 12/21/2017 $32,500 5,000 "R 2" $6.50 Boynton Beach, Florida 5 230 W MLK,Jr. Blvd. 12/21/2017 $81,500 11,648 "R 2" $7.00 Boynton Beach, Florida SUBJECT Value Date Value Unit Value 1002 NE 3 Street 07/18/2018 52 500 7,500 "C-2" 7.00 Boynton Beach, FL 41 SALES COMPARISON APPROACH - LAND VALUATION Of the several methods to develop an opinion of land value, the one considered to be the most reliable is the Sales Comparison Approach. In this method, sales of other similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. For the opinion to be supportable, there must be an adequate number of sales of similar properties for comparison to the subject. The steps of sales comparison in Land Valuation are: 1) Locate and collect information of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with parties to the transactions, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Compare and adjust the sales to the subject using the significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a single value opinion by this approach. The appraised vacant land contains 7,500 square feet. Zoning is "C-2", Neighborhood Commercial district, in the City of Boynton Beach. Land use is Local Retail Commercial. As a small, stand- alone lot, its highest and best use is a small, free-standing retail commercial building. If assembled with adjacent lots, it would have greater utility and be able to be developed as part of a larger retail project. Nevertheless,in this valuation section, the value for the appraised property is developed for an individual lot. A search was made to find recent sales of sites similar to the subject in the central part of Boynton Beach. The appraisers examined many land sales in the immediate area and beyond. The five included in the report are most representative of market value for the land being valued. Details of the transactions are on the sale sheets and chart in this report. There were no recent sales of lots zoned"C-2", Neighborhood Commercial District. The land sales cited in this report are zoned "R-2", Single and Two family residential district and in the same market area as the less intense commercial district. Specific zoning of individual lots is being replaced by mixed use zoning districts, permitting residential and commercial uses on the same property. Recommended land use and zoning for the subject market area is mixed use. Considering the close proximity of the land sales and subject property, and the future of the area as mixed use, the "R-2" zoned land sales are similar enough to the appraised property to provide valid indications of value. The unit of comparison relevant to this valuation is Sale Price per Square Foot of Land. The range of unit prices is from $4.48 per square foot to $7.14 per square foot of land. (Continued) 42 LAND VALUATION (Continued) ELEMENTS OF COMPARISON Elements of comparison are the characteristics of transactions and properties that cause variation in prices paid for real estate. The Appraisal of Real Estate continues by stating that there are basic elements of comparison that may be considered in sales comparison analysis for land valuation. The first group is termed transactional elements being: real property rights conveyed, financing terms, conditions of sale and market conditions. This second group of property elements consists of location,physical characteristics and use. Each element is hereafter addressed. Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple(without tenants) or leased fee(subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at market rent, or below or above market rent. In the case of land,there could be a land lease on the site that would create a leased fee interest. The lease amount would require examination to see if the tenant (the leasehold interest) had a value greater than zero. If it is, then the submarket rental rate would give some of the property value to the tenant. The real property right conveyed in the land sales was fee simple interest, the same interest valued for the land in question. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. All of the land sales were in cash, which is the most common form of payment for vacant lots in the subject area. No adjustments are made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. (Continued) 43 LAND VALUATION (Continued) The land sales cited in this report are arm's length transactions. The Boynton Beach Community Redevelopment Agency (BB CRA) purchased Nos. 1 and 5 in negotiated sales at market prices. Grantors and grantees of Land Sales 2, 3 and 4 were private parties. The data show the BB CRA is paying the market rate for land in the vicinity. No adjustments are necessary for conditions of sale. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. Four of the sales occurred in 2017, and one in 2016. All of the land sales occurred during market conditions which are similar to those at the time of valuation. Hence, no adjustment is necessary for this element of comparison. Adjustments for transactional elements of comparison were considered; now, the land sales are likened to the subject and to each other for property elements of comparison. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, traffic count, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, et cetera. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. However, there may be differences such as corner location, view, and zoning, to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. Locations of the appraised parcel and the land sales are in central Boynton Beach,where the peak of construction took place in the mid-twentieth century. Redevelopment is occurring because old improvements are razed to make way for new residential and commercial projects, most with the financial support or incentives from governmental and social agencies. Land Sale 1 was purchased by the Boynton Beach Community Redevelopment Agency, the primary buyer of properties in the subject market area. Future plan for the subject market area is to assemble sufficient land to be of a size to be attractive to a private developer to purchase for a new residential, commercial or mixed use project. (Continued) 44 LAND VALUATION (Continued) Land Sales 1 and 2 border East MLK, Jr. Boulevard, a main neighborhood thoroughfare with an improved streetscape. Land Sales 3 and 4 are situated along neighborhood streets. No. 5 fronts West MLK, Jr. Boulevard, west of Seacrest Boulevard. Sales 1 and 2 are in a future land use district potentially permitting 20 dwelling units per acre for a mixed use project if they are part of a larger parcel containing at least 0.50 of an acre. The appraised lot could also be part of a mixed use low intensity project. Land Sales 1 and 2 carry most weight for the element of comparison of location being in closest proximity to the subject and having a similar future development potential. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes land size, shape, frontage, topography, view, access, functional utility, et cetera. Adjustments for physical characteristics are best derived from the market by paired sales comparison. Through the process of searching for comparable sales, the physical characteristics are of great import. From the universe of possible comparable sales, those that are most similar to the site appraised are presented in the report for analysis and comparison to the subject. The less the number of physical differences, the better. The land sales consist of either one lot, 1.5 lots or two lots. The range of sizes for the sales is from 5,000 to 17,629 square feet, with the standard size lot being 7,000 to 7,500 square feet. The lot concerned contains about 7,500 square feet. Land Sales 1 and 2 are closest in size to the subject and again are most emphasized for this element of comparison. Use For sites to be comparable, they should have similar uses. Current highest and best use of the subject lot as a stand-alone property is for a small commercial building. However, the future highest and best use for the land concerned along with Land Sales 1 and 2 is to be assembled with adjacent lots to have sufficient size for mixed use projects. More emphasis is placed on the unit prices of these land sales for the final value opinion of the subject. Land Sales 3, 4 and 5 could also be assembled with adjacent lots for lower density residential projects. The elements of comparison of location and use are closely related in this data set. Land Sales 1 and 2 are more similar to the subject for these elements of comparison. 45 FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the five land sales: Land Sale Sale Price per Sguare Foot 1 $6.45 2 $7.14 3 $4.48 4 $6.50 5 $7.00 The elements of comparison of location, physical characteristics and use place the unit value of the appraised land close to the unit sale prices of Land Sales 1 and 2 at$7.00 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for lots in the mid-section of the city of Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the land under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of July 18, 2018 is: $7.00/sq.ft. x 52,500 square feet= 52 500 FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS 46 CERTIFICATION I certify that, to the best of my knowledge and belief, the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of,this report. I appraised this property on August 3,2017. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on July 12, 2018. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. July 18,2018 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 July 18,2018 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 47 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally inspected the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumnbrances. 3. No responsibility is assn ned for legal matters,nor is an opinion of title rendered. Title is assn ned to be good and held in Fee Simple,unless excepted. 4. Legal descriptions and property dimensions have been furnished by others; no responsibility for their correctness is assn ned. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers'names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Where divisions are made between land, improvements, etc.,the values estimated for each apply only under the cited use or uses. 9. The value applies ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report-unless specifically stated. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. Soil or sub-soil contarnination may exist from current or prior users, or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey, Endangered Species Survey, or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use, and possibly, value of the appraised property. The appraisers are not qualified to identify these factors. We recornmend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr. and Claudia Vance are responsible for the analyses,conclusions,and opinions of real estate set forth in this report. No one else provided significant professional assistance to the signers of this report. 16. Prospective value is based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events which might alter market conditions upon which market value opinion has been developed. 17. The appraisers certify that they have the knowledge and experience required to perforn this appraisal assignment. 18. The appraisers reserve the right to amend or change this report at any time additional market information is obtained which would significantly affect the value. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 July 18,2018 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 July 18,2018 48 ADDENDA 2dOLW A ' OR 3K 16142 PSB 1815 Pair Reach County, Florida THIS INSTRUMENT WAS PREPARED BY: AMT 60,000.00 DONALD J.DOODY,ESQUIRE Doe Stamp 420.00 GOREN,CMEROF,DOODY&EZROI,PA 3099 E Cane tial Blvd, Suite 200 Fort Laudadde,FWnda 33308 WARRANTY DEED ENURE,made this 23rd day of October, 2003,by Pinkie Ann Cooper, a single woman, wh office address is 360 Avenue S,West Palm Beach, Florida 33404 (hereinafter referred to as r") and the City of Boynton Beach, a Florida municipal corporation, whose post office is 100 East Boynton Beach Boulevard, Boynton Beach, Florida 33425 (hereinafter refenred tom%=tee"). WITNESSETH: That said Gran in consideration of the sum of TEN ($10.00) DOLLARS, and other good and valuable 'ons to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged,has bargained and sold to the Grantee,and Grantee's successors and assigns forever,the folio land, situate, lying and being in Broward County, Florida, to wit: Lots 154 and 155,Plat of PARK,ADDITION TO BOYNTON, FL.,as recorded in Plat Book 2,Page 96 of the lic Records of Palm Beach County,Florida. PIN NO. 08-43-45-21-18-000-1 08-43-45-21-18-000-1550 D SUBJECT TO: Taxes for 2003 Sequent years, zoning and/or restrictions and prohibitions imposed by governmental autho ' easements and restrictions and other matters appearing on the plat and/or common to the Together with: All the tenements,heredi app„utenances thereto belonging or in anywise appertaining. To Have and To Hold,the same in fee simple f And the Grantor hereby covenants with said Grantee is lawfully seized of said land in fee simple; that she has good right and lawful authority d convey said land; that she hereby fully warrants the title to said land and will defend the the lawful claims of all persons whomsoever,and that said land is free of all enc Grantor represents and warrants that the subject prope � the homstwA of the Grantor. Book16142/Page1815 50 Page 1 of 2 IN WITNESS WHEREOF,Grantor has herem set her hand and seal the day and yearfirst above written. Signed,sealed and delivered in our presence: .I'?— i inkie Cooper �`,+a NEJE 2J or IM T' (Print or Type Nam V�, STATE OF FLORIDA ) �COUNTY OF BROWARD ) SS- The foregoing instrument acknowledged before me this 23rd day of October, 2003,by Pinkie Ann Cooper, a single wo is personally known to me or hes produced A-Q I,J�,+o Gr Crtic.�. _ i cation. C r Co- UB IC O m+oe�rt��t ra�otiwo air.Er .n P �maters My Co n Expires: Commissio Book 161421Page1816 51 Page 2 of 2 B. C-2 Neighborhood Commercial District. 1. General. The purpose of the C-2 zoning district is to implement the local retail commercial (LRC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to allow low-intensity commercial uses of a retail convenience that are intended to serve and which are in close proximity to individual residential neighborhoods. Generally, the desired locations of these commercial areas would be at the periphery of one (1) or more neighborhoods along roadway classifications that are able to support the additional traffic. 2. Use(s) Allowed. See "Use Matrix Table 3-28"in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-15). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: BUILDING/SITE REGULATIONS C-2 District Minimum lot area: 5,000 s.f. Minimum lot frontage: 50 feet Minimum lot depth: 100 feet Minimum yard setbacks: Front: 30 feet''2 Rear: 20 feet Abutting: Residential district(s) 30 feet Interior side: 15 feet''2 Abutting: Residential district(s) 30 feet' Corner side: 20 feet''2 Abutting: Residential district(s) 30 feet' Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.503 Maximum structure height: 25 feee ' Reduced setbacks will be applied to property located within the Urban Coinrnercial District Overlay Zone, Section 8.C.below. 52 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr. Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 5.C.below). 3 A floor area ratio (FAR)up to 0.50 may be considered for local retail coinmercial uses allowed within the C-2 district(see "Use Matrix"—Chapter 3,Article IV. Section 3.13.),pursuant to the local retail commercial future land use classification of the Comprehensive Plan. 4 Not to exceed two (2)stories. 4. Review and Approval Process. Pursuant to Chapter 2, Article 11, Section 2.F., site plan approval shall be required for the construction or modification of a non-residential building, structure, or improvement, including any area allocated to an accessory residential unit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V Minimum Off-Street Parking Requirements. 53 SUMMARY OF 2018—2019 USPAP(Uniform Standards of Professional Appraisal Practice) Standard Rule 2: Real Property Appraisal, Reporting In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The form, format, and style of the report are functions of the needs of intended users and appraisers. The substantive content of a report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in the manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS R ULE 2-2(a) Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used:Appraisal Report or Restricted Appraisal Report. The content of an Appraisal Report must be consistent with the Intended Use of the appraisal and, at a minimum: (i) state the identity of the client, unless the client has specifically requested otherwise; state the identity of any intended users by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: state all extraordinary assumptions and hypothetical conditions: and state that their use might have affected the assignment results; and (xii) include a signed certification in accordance with Standards Rule 2-3. 54 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser' means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 5.11(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 55 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perfonm the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perfonm most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida. Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES,VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR)VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 56 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management"' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 57 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla.) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 58 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla.Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Boob'Uniform Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) 59 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2 00 1. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act'before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues' February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 60 I of 4 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vancevalgatt.net Web Site: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perforin the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/inotels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations,Marinas,Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Types of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investiment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 61 2 of 4 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; Citigroup; Space Coast Credit Union; State Fann Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Pahn Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Patin Beach,Broward County Board of County Coininissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environinental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property,1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing,1987,Passed Exam Course R-2 (SREA) - Report Writing,1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation,1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 62 3 of 4 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's] (1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida.State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) - Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) - National USPAP Course(2004) SEMINAR(AI) - Inverse Condemnation(2004) SEMINAR(AI) - Loss Prevention(2005) SEMINAR(AI) - Single Family Fraud Awareness(2005) SEMINAR(AI) - Guide to the new URAR form(2005) SEMINAR(AI) - Technologies for Real Estate Appraisers(2006) SEMINAR(AI) - The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) - National USPAP Update(2006) SEMINAR(AI) - Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) - Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) - Energy Star and the Appraisal Process(2006) SEMINAR(AI) - Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) - Real Estate Fraud(2007) SEMINAR(AI) - Forecasting Revenue(2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Government Regulations(2009) SEMINAR(AI) -Property Tax Assessment (2010) SEMINAR(AI) -7 Hour National USPAP (2010) SEMINAR(AI) -Florida.Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Book"(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 63 4 of 4 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(Al) -Lessons from the Old Economy Working in the New(2012) SEMINAR(Al) -Appraisal Review for General Appraisals(2012) COURSE(Al) -National USPAP Update(2012) SEMINAR(Al) -Florida Law(2012) SEMINAR(Al) -Land Valuation(2012) SEMINAR(Al) -Valuation of Warehouses(2012) SEMINAR(Al) -IRS Valuation(2012) SEMINAR(Al) -Business Practices and Ethics(2012) SEMINAR(Al) -Real Estate Forecast(2013) SEMINAR(Al) -Advanced Marketability Studies(2013) SEMINAR(Al) -Developing a Supportable Workfile(2013) SEMINAR(Al) -Florida Appraisal Law(2014) SEMINAR(Al) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(Al) -7 Hour National USPAP Update Course(2014) SEMINAR(Al) -Florida Law(2014) SEMINAR(Al) -New Real Estate Economy(2014) SEMINAR(Al) -Economic Engines of Miami-Date County(2015) SEMINAR(Al) -Economic Engines of Broward County(2015) SEMINAR(Al) -Tightening the Appraisal(2015) SEMINAR(Al) -Evaluating Commercial Construction(2015) SEMINAR(Al) -Drone Technology(2015) SEMINAR(Al) -Loss Prevention for Appraisers(2016) COURSE(Al) -7 Hour National USPAP Update(2016) SEMINAR(Al) -Florida Law(2016) SEMINAR(Al) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) SEMINAR(Al) -The Tough One,Mixed use properties(2016) SEMINAR(Al) -Business Practices&Ethics(2016) SEMINAR(Al) -Economic Engines Driving Broward County(2017) SEMINAR(Al) -Introduction to Green Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996-1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979,1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Guide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS J) CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 64 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 NEW BUSINESS AGENDAITEM: 15.C. SUBJECT: Consideration of Fiscal Year 2018-2019 Budget Amendment for Unassigned Fund Balance and Self-Funded Insurance Reserve SUMMARY: After the audit was completed for FY 2017-2018 staff completed a cash analysis for the agency's General Fund Account. It was determined that there are available funds within the General Fund - Unassigned Fund Balance in the amount of approximately$800,000 (Attachment 1). The CRA Board approved Resolution No. 14-01 on February 11, 2014 (Attachment 11) providing for the establishment and funding of a Self-Funded Insurance Reserve through the General Fund by using 20% of the unassigned fund balance each year. Based on the 20% formula, $160,000 will be allocated to Committed Fund Balance leaving a remainder of$640,000. The Board will need to approve the reallocation of these funds from the General Fund to the Project Fund through a Budget Amendment as detailed in Resolution 19-01, Exhibit "A" (Attachment 111). Staff is recommending placing the $640,000 in unassigned fund balance into the Project Fund, Future Development Project line item. FISCAL IMPACT: FY 2018-2019 Budget, reallocated from General Fund to Project Fund, Line item 02-58200- 406, $640,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Approve the Budget Amendment Resolution No. 19-01 for the reallocation of unassigned fund balance in the amount of $640,000 from the General Fund to the Project Fund, Future Redevelopment Projects line item within the Fiscal Year 2018-2019 Budget. 2. The Board may determine another line item(s)for unassigned fund balance reallocation. ATTACHMENTS: Description D Attachment I - Fund Balance Analysis D Attachment II - Resolution No. 14.01 D Attachment III - Resolution No. 19-01 BOYNTON BEACH CRA FUND BALANCE ANALYSIS - GF AND PF 2018 Fund Balance Reserved / Unreserved General Fund Capital Project Fund Fund Balance at Sept. 30, 2018 $ 2,402,302 $ 11,105,679 AP (118,161) (106,932.00) Reserved - Rent Deposits 12,534 Reserved - Prepaids 132,502 56,255 Reserved- Debt Service A/R 7,128 Reserved- Encumbrances Unreserved Fund Balance at Sept. 30, 2018 2,368,299 11,156,356 Encumbrances-FY 18/19 as of Jan 9, 2019 (213,513) (4,083,788) Surplus (Deficit) - Estimated 403,000 Working Capital 1,750,000 Projects Funds Committed and Assigned Estimated Unreserved Fund Balance at Sept. 30, 2018 $ 807,786 $ 7,072,568 RESOLUTION NO. 14-01 A RESOLUTION OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, TO ESTABLISH A SELF-FUNDED INSURANCE RESERVE FROM GENERAL FUND UNASSIGNED FUND BALANCE; AUTHORIZE THE FINANCE DIRECTOR TO ESTABLISH AND FUND SUCH RESERVE; PROVIDING FOR SEVERAB,ILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Boynton Beach Community Redevelopment Agency (hereafter "CRA") maintains property and liability insurance on all insurable properties within the CRA redevelopment district; and WHEREAS, it is the CRA policy to maintain insurance coverage at replacement value of the insured properties within the CRA redevelopment district; and WHEREAS, the insurance coverage standards, as established by the insurance industry, have changed such that coverage for certain CRA owned properties are no longer insured at full replacement value; and WHEREAS, the CRA deems it to be in their best interest to establish a Self- Funded Insurance Reserve to fund the difference in insurance coverage between the replacement value and the insured value; and WHEREAS, the CRA deems it to be in their best interest to fund the Self-Funded Insurance Reserve through a 20% allocation of General Fund Unassigned Fund Balance each year, if any, until the insurance difference is 1001/0 funded. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY THAT: SECTION 1. The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby incorporated herein. SECTION 2. The CRA Board of Commissioners authorizes its Finance Director to establish a Self-Funded Insurance Reserve from General Fund Unassigned Fund Balance as deten-nined by the annual audited financial statements of the CRA. SECTION 3. The CRA Board of Commissioners authorizes its Finance Director to allocate 20% annually of the General Fund Unassigned Fund Balance, if any, for the Self-Funded Insurance Reserve. SECTION 4. The CRA Board of Commissioners authorizes its Finance Director to make such allocation annually and fund the Reserve until such time as the Self-Funded Insurance Reserve is fully funded as determined by the Finance Director and as confirmed by the annual consultation with the CRA contracted Insurance Broker of Record. SECTION 5. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 6. If any clauses, sections, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 7. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED BY THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD, THIS 11" DAY OF FEBRUARY 2014. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Jerry ay dr hair Approved as to form: Ken Spillias CRA Attorney RESOLUTION NO. 19-01 A RESOLUTION OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, TO AMEND THE 2018-2019 BUDGET TO REALLOCATE GENERAL FUND UNASSIGNED FUND BALANCE FROM CASH ANALYSIS COMPLETED AFTER SEPTEMBER 30, 2018 AUDIT AND INCREASE THE TOTAL APPROPRIATIONS TO THE PROJECT FUND FOR FUTURE REDEVELOPMENT PROJECTS; AND ALLOCATE FUNDS FOR SELF-FUNDED INSURANCE RESERVE; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Boynton Beach Community Redevelopment Agency Board (hereafter "CRA") has adopted the fiscal 2018-2019 budget and does allow program changes as necessary; and WHEREAS, it is the objective to maintain accuracy of the budget document to reflect policy determinations of the Board as to the proper and legally defensible appropriation of funds authorized by the Community Redevelopment Plan; and WHEREAS, the CRA Board approved Resolution No. R18-02 on September 18, 2018 approving the Fiscal Year 2018-2019 budget; and WHEREAS, the CRA Board approved Resolution No. 19-01 on March 13, 2019 amending the Fiscal Year 2018-2019 budget; and WHEREAS, the cash analysis after the year end September 30, 2018 contained a General Fund unassigned fund balance in the amount of approximately $800,000; and WHEREAS, the CRA Board approved Resolution No. 14-01 on February 11, 2014 providing for the establishment and funding of a Self-Funded Insurance Reserve through the General Fund unassigned fund balance each year, and $160,000 was allocated to Committed Fund Balance leaving a remainder of $640,000 for allocation; and WHEREAS, the CRA Board approved Consideration of funding for future development projects approving $640,000 from FY 2018-2019, General Fund unassigned and reallocating to Project Fund balance Budget Line item 02-58200-406; and WHEREAS, the Director of Finance, based on the Board's policy determination and approval, has identified the line item appropriations that require budget adjustments hereinafter reflected. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY THAT: SECTION 1. The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby incorporated herein. SECTION 2. A copy of the FY 2018-2019 Budget Amendment No. 1 and line item adjustments attached hereto as Exhibit"A". SECTION 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 4. If any clauses, sections, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 5. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED BY THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD, THIS 13TH DAY OF MARCH 2019. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Steven B. Grant, Chair Approved as to form: CRA Attorney � ' T t EACH "'1",,"",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CRAADVISORY BOARD AGENDAITEM: 16.A. SUBJECT: CRAAdvisory Board Agenda- March 7, 2019 SUMMARY: See attached. CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board ATTACHMENTS: Description D March 7, 2019 CRAAB Agenda � ' T t EACH _"CRA: ITY REDEVELOPMENT AGENCY, CRAAdvisory Board Meeting Thursday, March 7, 2019 -6:30 PM Intracoastal Park Clubhouse, 2240 N. Federal Highway, Boynton Beach, FL 33435 561-737-3256 ADVISORYEN 1. Call to Order 2. Roll Call 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 4. Information Only A. Financial Report Period Ending February 28, 2019 5. Public Comment 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes- February 7, 2019 7. Assignments A. Pending Assignments B. Reports on Pending Assignments C. New Assignments 1. Dicsussion and Consideration of the CRA's MLK Jr Blvd Project Conceptual Development Terms 2. Discussion and Consideration of the CRA's Cottage District Infill Housing Project Conceptual Development Terms 3. Consideration of Equitable Economic Development Grants 8. CRA Board Items for CRAAdvisory Board Review and Recommendations A. Old Business B. New Business 1. Discussion and Consideration of the Purchase for the Property Located at 1101 N. Federal Highway 9. Future Agenda Items 10. Adjournment Notice THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITHA DISABILITYAN EQUAL OPPORTUNITY TO PARTICIPATE INAND ENJOY THE BENEFITS OF A SERVICE, PROGRAM OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256,AT LEAST 48 HOURS PRIOR TO THE 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 CRNS WEBSITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDAAFTER IT IS PUBLISHED ON THE CRNS WEBSITE CAN BE OBTAINED FROM THE CRA OFFICE. � ' T t EACH "'1",,"",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 CRAADVISORY BOARD AGENDAITEM: 16.13. SUBJECT: CRA Advisory Board Meeting Minutes - February 7, 2019 SUMMARY: See attached minutes. CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board ATTACHMENTS: Description D February 7, 2019 CRAAB Minutes MINUTES OF THE CRAADVISORY BOARD MEETING 4 INTRACOASTAL PARK CLUBHOUSE 2240 N. FEDERAL HIGHWAY k BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, FEBRUARY 7, 2019, AT 6:30 P.M. PRESENT: STAFF: Linda Cross, Chair Michael Simon, CRA Executive Director Robert Pollock, Vice Chair Thuy Shutt, CRAAssistant Director Anthony Barber Theresa Utterback, CRA Dev. Svcs. Mgr. Allen Hendricks Bonnie Nicklien, Administrative Services Rick Maharajh Lisa Tayar, Prototype, Inc. Golene Gordon Thomas Devlin 1. Call to Order The meeting was called to order at 6:33 p.m. 2. Roll Call Roll was called, and it was determined a quorum was present. 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda — None B. Adoption of Agenda Upon motion duly made and seconded, the Agenda was unanimously approved. 4. Information Only A. Financial Report Period Ending January 31, 2019 No questions. B. Neighborhood Officer Program 1St Quarter Report for FY 2018-2019 Sgt. Diehl and Officer Paramore gave a Power Point presentation on the first quarter of FT 2018-2019. Among the many events were: • Participation in: o The Farm Share program, handing out food in Greenacres along with the Cub Scouts. o At Thanksgiving 75 turkeys were distributed, o Family activities at Christmas. o Community Conversation meeting. • Heart of Boynton Association o Caretaker luncheon. o Boynton Beach Coalition of Clergy for Hurricane Michael relief. Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 o Gave help with homework/reading in Read with a Cop (also known as Sweat with a Cop). o Career Day at Galaxy Elementary. o Meet the Experts. o Teamed with Crime Prevention Unit for Trunk or Treat event. o Thanksgiving food giveaway. o Christmas Holiday Parade and Tree Lighting. o Fill the SWAT Truck with toys. o Engagement meeting: Meet the Chief. • Town Square Public Input Meetings. o Centennial for MLK Day. o Renaissance. • Shop with a Cop at Walmart and other venues (Officer Rivera returned). • Mentoring at Burk's Early Learning Center. • Team up with Boynton Strong. • Operation Secret Santa. • Cub Scout Holiday Party. • Read/Sweat with a Copy Holiday toy give-away. • Field Day at Poinciana Elementary. • Toys/Gift cards for displaced Palm Beach Gardens family. • Kids' Pajama Jam (donated 40 pajamas) at CDC. Heart of Boynton Association Awards for Sgt. Diehl and Officers Paramore and Rivera were received in appreciation of all the hard work and dedication throughout the year. Criminal statistics information is not yet completely compiled from numbers in 2017 and 2018. Sgt. Diehl could report that calls have dropped 13.7%; overall City crime decreased 25%; serious crimes are down; and overall lower crime stats. There will be a full report at the next meeting. 5. Public Comment— None 6. Consent A. Approval of CRA Advisory Board Meeting Minutes — December 6, 2018 Motion made by Ms. Gordon, seconded by Mr. Devlin, to approve the December 6, 2018, minutes. In a voice vote, the motion passed unanimously (7-0). 7. Assignments A. Pending Assignments 1 . None B. Reports on Pending Assignments 1. None C. New Assignments from November 13, 20187 CRA Board Meeting 1. Discussion Regarding an Educational/Job Training Grant 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 Ms. Shutt recapped the item, stating at the January 8 CRA Board meeting, the Board directed Staff and the CRA Advisory Board to work with legal counsel to explore the feasibility of developing an educational/job training grant. The memo (attached in Board Packet) summarizes the CRA's limited ability to fund scholarships and other educational efforts not clearly stated in the statute as such. It is the opinion that it reaches further than the mission and statutory requirements of the Redevelopment Act. The counsel does recommend seeking the Attorney General's opinion to clarify the matter. Though not binding, it would provide protection against a law suit. The statute mandates are more for brick and mortar projects and funding of such; not for the benefit of individuals or non-profits with respect to scholarship money. Mr. Devlin asked for the background for this question. Ms. Shutt stated it was concerning training, building skill sets, apprenticeships, and career development towards wealth building/economic development on a City- wide perspective. The CRA already has a non-profit program for economic development and job creation purposes, but not particularly for student development and nurturing. It is geared more toward the head- of-household job creation. Chair Cross added the CRA money is not for an individual, but for infrastructure, business, or non-profit that would provide job training to a larger group of people; the letter from the lawyer was clear. Mr. Simon noted the memo was not available the night the assignment was made. It came up during discussion re: job career events. The desire is to train people. The incubator concept can train people in business development and is more of an economic development with a statutory connection than a CRA Grant program; and if the memo is not clear, the Attorney General's opinion can be sought. Mr. Barber agreed the memo is clear; however, suggestion was made for a stipulation that CRA could not make any scholarship provisions without conditions. Several scenarios were given to illustrate this. Perhaps the best recommendation would be to not go forward with this at all. Mr. Simon added that the relationship of education and training to the mission of the City is activating more of an economic impact to the citizens. Vocational schools and college interconnectivity is a discussion which could spawn non-CRA initiatives. Mr. Hendricks stated the memo is clear enough on what CRA can and cannot do. Potentially, something could be done with the schools in the district, like a satellite office for South Tech. It is outside of CRA scope, but is something the City could do. 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 Motion made by Mr. Barber, seconded by Mr. Devlin, to recommend to the CRA Board that we do not look further into this at all, in any way, shape, form, or fashion, as it is outside the scope of what the CRA does. In a voice vote, the motion passed unanimously (7-0). 8. CRA Board Items for CRAAdvisory Board Review and Recommendations A. Old Business 1. None B. New Business 1. Consideration of Grant funding for the Boynton Beach CRA FY 2018- 2019 (Winter) Nonprofit Organization Grant Program Ms. Shutt gave the overview, that this is the second half of this year's grant. Only one applicant applied, the Habitat for Humanity of South Palm Beach County. The request/allocation is $75,000 (maximum allowed for each applicant). The Review Committee determined that the application meets or exceeds the allocated percentage and 95% of the application was aligned with the program guidelines. They have a $7 million budget, this amount is only 1%, and will be used to leverage other dollars, grants, sweat equity, whatever is needed to bring more results into the CRA area. After the approval of the grant, the applicant was asked to provide a list, identifying the allocation of the funds. The grant application identified for construction three single-family units (two of which are attached units); Ms. Shutt gave a further breakdown within the CRA district, including the rehabilitation of existing homes. As part of the process, Staff will take pictures and audit paperwork, reimbursements will be justified through receipts and documentation before a check is released, and what steps are taken for justifying that all milestones are met. Mohamed Abdalla, Senior Director, Government and Community Affairs, for Habitat for Humanity said that everything will fall within the Seacrest area of Boynton Beach. Ms. Shutt added there is a 12-month cycle for the construction. Mr. Abdalla said an attempt is made to keep the homeowners invested through their Ambassadorship Program, which helps to build strong partnerships; other volunteers include previous recipients of the Habitat program. Mr. Hendricks wondered where the lots are located. Ms. Shutt said the three lots are listed on the cover of the report and are on NE 12th Avenue and NW 6th Avenue. Also, for the existing homes that need repair, every request for reimbursement is checked to be sure it is within the CRA district. Discussion followed on the disposition of HUD properties for building or demolition. HUD is open to talking about partnering with CRA 4 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 to get those lots built out. In June, during budget planning, these lots will be considered. Mr. Abdalla and Ms. Shutt have met with Commissioners, the Mayor, and the City Manager addressing this issue and Habitat for Humanity is ready to build on the lots. The mission is to create new taxpayers while noting that empty properties bring crime, drugs, traffic, and, therefore, Habitat is on board to work closely with the City of Boynton Beach and the CRA. Mr. Hendricks added that "piano keys" are missing in the north by the canal and vacant lots are not attractive, don't help neighborhoods, and this will help bring that neighborhood back to a wholeness. Motion made by Mr. Pollock, seconded by Mr. Maharajh, to approve the grant to Habitat for Humanity. In a voice vote, the motion passed unanimously (7-0). 9. Future Agenda Items- None 10. Adjournment Upon motion duly made and seconded, the meeting was adjourned at 7:16 p.m. [Minutes transcribed by M. Moore, Prototype, Inc.] 5 � ' T ammBt EACH _"CRA: ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 FUTURE AGENDA ITEMS AGENDAITEM: 17.C. SUBJECT: Social Media Outreach Program Report SUMMARY: In April 2018, the Boynton Beach CRA hired Renee Roberts as the full-time Social Media and Communications Specialist. Renee continued to work with the businesses in the program by providing technical assistance as needed and is continually expanding the SMOP program. All of the CRA's Social Media Platforms have grown in followers and engagement since April. • 53 businesses are currently registered in the Social Media Outreach Program • 13 businesses have been added since April • 93 businesses have been visited since program inception (see Attachment 1) Implementation of new training modules for the SMOP: • Evaluation and organization of the businesses into beginners, intermediate, and advanced levels based on demonstrated experience with Social Media • Created training modules based on experience levels • Held the first group training session on July 24, 2018 (10 businesses registered) (see Attachment 11) • Assisted in connecting businesses with blog writers and social media influencers Initiation of two special social media campaigns designed to bring awareness to local businesses: • Small Business Week- Resulted in 9,665 total reach (See Attachment 111) • #BeatTheHeatBB Summer Campaign - Resulted in 24,018 total reach (See Attachment IV) Other projects since April include: • Attending and presenting at the Florida Redevelopment Association Conference • Assisting in recruiting local CRA businesses for the 7th Annual Haunted Pirate Fest and Mermaid Splash • Assisting in the management of the CRA and Pirate Fest social media during the event Upcoming Tasks: • GIS Mapping Renee with the guidance of the Assistant Director started to coordinate with the City of Boynton Beach G.I.S. Department to develop a database and map of businesses in the CRA area using the City's BTR listing. This information will be used to geographically track the businesses reached and plan future promotional events and outreach (see Attachment V). • Rock the Plaza Events Renee is collaborating with the Special Events Team to train and create a press kit and social media 101 packet for the participating businesses two weeks before the event to maximize the promotional opportunities. • Trainina Modules Renee is developing a Beginners and Advanced training modules for participating businesses. The Beginners Module will focus on new entrepreneurs and/or incubator clients from the CRA's NOGP with limited business experience while the Advanced modules will be developed based on input from the Intermediate group. FISCAL IMPACT: FY 2018-19, General Fund, line item #01-51230-100, $47,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: To be determined based on Board discussion and action. ATTACHMENTS: Description � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 13, 2019 FUTURE AGENDA ITEMS AGENDAITEM: 17.F. SUBJECT: Social Media Activity Report for Events in November and December SUMMARY: The Boynton Beach C RA utilizes its social media platforms (Facebook and I nstagram)weekly as a way to build awareness of CRA programs and activities and engage the residences, visitors, and business communities. In an effort to support place making opportunities and promote the marina and local businesses during the month of December, the CRA hosted three events: Light Up the Park, Rock the Plaza— Sunshine Square, and The Boynton Beach & Delray Holiday Boat Parade. Social media outreach activities for these events started on November 6th and continued until December 18th A total of 54 Facebook and Instagram posts were created to promote these events and participating businesses within the CRA Area. All 54 posts were posted and were able to organically reach over 38,000 people. Light up the Park on December 1, 2018 Through uniquely creative graphics and engaging videos, staff was able to effectively promote the event through the CRAs Facebook page and Instagram. 20 posts were developed for the event resulting in over 6,000 people reached organically. Top performing posts and comparable social media analytics for the 2017 Holiday Tree Lighting are provided in Exhibit A. Rock the Plaza Sunshine Square on December 8, 2018 The Rock the Plaza event is a new economic development initiative that CRA staff introduced in FY 2018-19 to replace the Music on the Rocks event series previously held in FY 2017-18 and allows the CRA to individually highlight the various commercial centers throughout the CRA area. The first Rock the Plaza event was promoted on our Facebook page and I nstagram. 16 posts were developed to promote the event, resulting in over 9,000 people reached organically. From a social media stand point, the campaign was well received by the participating businesses based on their engagement despite the inclement weather(see Exhibit B). The 47th Annual Boynton Beach and Delray Beach Holiday Boat Parade on December 14, 2018 The event was promoted on Facebook and I nstagram and 18 posts were developed to promote the event, reaching over 22,000 people organically. The social media strategy for this event has developed over the years resulting in an increase in engagement from year to year. Top performing posts and comparable social media analytics to the Holiday Boat Parade have been provided in Exhibit C. The event provided another opportunity to promote the businesses within the Boynton Harbor Marina. FISCAL IMPACT: FY 2018-2019 Budget Account#02-58500-480 CRA PLAN/PROJ ECT/PROGRAM: 2016 CRA Redevelopment Plan. CRA BOARD OPTIONS: No action is required by the CRA Board. ATTACHMENTS: Description o c - o � b a D d a ` ? u b 11,1111110 T ® - o C V 161 rt O h h Ilk uui ^ H N > ri ad oomib M e+! 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Gregory/Chief of Police Subject: Assessment of the Neighborhood Officer Program History of the Neighborhood Officer Program For some time, there were efforts by local leaders to increase the bond between law enforcement and the community. Through several community meetings and brainstorming sessions the creation of a new policing initiative was drafted. In partnership with the Boynton Beach Community Redevelopment Agency(CRA) and the Boynton Beach Police Department an innovative policing program was established in mid-2015—it was dubbed the Neighborhood Officer Program (NOP). In the 2015/16 fiscal year,the CRA budgeted funds for the conception of the Neighborhood Officer Program and after drafting the program outline and selection process—two members of the police department started on February 8, 2016. As several achievements in the community were recognized; the Neighborhood Officer Program was expanded to a total of 3 officers in fiscal year 2017/18. Scope/Purpose of the Neighborhood Officer Program Reducing crime and disorder while improving the quality of life within the CRA's neighborhoods required the development of productive and meaningful relationships — between the community members and the police department. Therefore,the scope of the Neighborhood Officer Program (NOP)included the cultivation of high levels of mutual trust, understanding and respect between the police and the residents. To achieve this, it is necessary to develop relationships which transform the confines of ordinary community policing activities and instead focuses upon building sustainably partnerships. Accomplishments of the Neighborhood Officer Program Since the inception of the Neighborhood Officer Program partnerships have been forged with community stakeholders to include the Heart of Boynton Community Association, Habitat for HumanityTM, Cub Scout—Pack#243, Boynton Beach Pathways to Prosperity,the Boynton Beach Coalition of Clergy and the Boynton Beach Community Redevelopment Agency (CRA) to name a few. Below are some of the accomplishments for the Neighborhood Officer Program in the three years since inception of the program. • "Sweat and Read with a Cop"on weekdays • Post-hurricane Irma distributed over 200 bags of ice in District II • Facilitate the back-to-school/health fair at St. John's Church • Feeding the community in partnership with Food Bank • Mentor children at both Galaxy Elementary and Poinciana Elementary schools • Mentor children in Cub Scout—Pack#243 • Facilitate the back-to-school book bag give-away • Distributing food in the community in partnership with Farm ShareTM • Facilitate the Early Child Leadership Collaborative Meetings • Participate in CRA-related events (whether in the Heart of Boynton or not); • Facilitate Habitat for HumanityTM Ribbon Cuttings, Home Dedication, etc.; • Attend Healthier Boynton Caregiver meetings • Attend meetings in the Heart of Boynton Some of the most rewarding accomplishments of the Neighborhood Officer Program is hearing and seeing a child's face lights up to see or hug Officer Rivera or when children run up to Officer Paramore wanting to toss a football or being acknowledged by the Heart of Boynton Association for the NOP's dedication to the community_ Evolution of the Neighborhood Officer Program The Boynton Beach policing philosophy is rooted in Community Oriented Policing. The Neighborhood Officer Program is a key element of the investment in that philosophy. Community Policing has (3) three principles — Community Partnerships, Organizational Transformation and Problem Solving. A natural component of Community Partnerships is dialogue, listening and the consideration of community stakeholder ideas into the local policing strategy. Feedback and ideas have been collected and there is a consensus to enhancements and expansion of the NOP's program with attention to: • Training more officers to perform as NOP officers • Expansion of crime prevention services needed by businesses in the CRA • Enhanced efforts to reduce criminal activity and quality of life nuisances Due to the collaborative partnership between the Neighborhood Officer Program and residents; a foundation has been established in the Heart of Boynton in which to expand upon. Broadening the base of the Neighborhood Officer Program is also essential to realizing similar improvements throughout the CRA and the City. The building of problem-solving partnerships and substantive relationships with invested members of the community will lead to a greater understanding in the public and help the police department garner unique insights which aid in addressing community challenges. Challenges: • The department has (3)three separate and distinct units with frontline community policing roles, however their effectiveness is limited due to their isolation in different department • divisions. Their unit missions are directed by different supervisors which also contributes to a lack of focus on organizational goals. • Some ability of the NOP's to effectively reduce crime and enhance the quality of life has been limited by its lack of integration with other patrol functional units (Crime Prevention & Community Resource Unit, Traffic Unit, etc). • Currently,much of the community recognition and unit achievements have been limited to the (3) three officers assigned to the NOP program. Community stakeholders may have developed allegiance to these few officers, while the goal is to develop trust with more officers and the Department overall. Next Steps: • The department will rename the Patrol Division's - Special Operations section to the Community Services Section. The Neighborhood Officers Program, the Community Resource Team and the Crime Prevention Unit will be reassigned to the new Community Services Section. This will facilitate the focus of each of the units on community challenges, enhance the sharing of information and the implementation of crime reduction strategies. • The addition of a Crime Prevention Officer funded by the CRA. This position with focus on business outreach, dissemination of crime trends and the sharing of crime prevention strategies throughout the CRA. • Reassign the NOP's Sergeant to supervise both the NOP's and the citywide Crime Prevention Unit. Funding will need to be divided between the CRA and the City. This will create a synergy of between missions and allow for the leveraging of strategies as well as resources that can be shared. • The addition of a Community Service Officer(civilian professional staff). This individual will assist with delayed low priority and non-violent calls for service which tie up officers in the CRA. These calls include traffic crashes, stolen/lost property, vandalism and other calls that will serve to free up the police officers time to conduct proactive outreach and implement crime reduction action plans. • Develop a community oriented policing based training curriculum. Patrol Zone officers will be individually assigned for short periods of time to be embedded with the Community Services Section for cross training. Upon completion, they will return to their zone to practice community policing strategies in their assigned area. 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