Agenda 10-01-20 B1 1 �►.�+'I �1
Q�,�\�\„B E AC Ki C R A
COMMU N ffY REDEVELOPMENT AGENCY
CRAAdvisory Board Meeting
Thursday, October 1, 2020 -6:30 PM
WebEx Online Meeting
561-737-3256
ADVISORY BOARD AGENDA
AGENDA
1. Call to Order
2. Roll Call
3. Agenda Approval
A. Additions, Deletions, Corrections to the Agenda
B. Adoption of Agenda
4. Public Comment
5. Consent
A. Approval of CRAAdvisory Board Meeting Minutes- September 3, 2020
6. Assignments
A. Pending Assignments
1. Review of Commercial Properties within Boynton Beach Boulevard
Corridor within CRAArea
7. 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.
1 I,
B E AC H C R A
COMMUNITY REDEVELOPMENT AGENCY
ADVISORY BOARD ITEM 5.A.
CONSENT
SUBJECT:
Approval of CRA Advisory Board Meeting Minutes - September 3, 2020
SUMMARY:
See attached minutes.
CRAAB RECOMMENDATION:
Approve September 3, 2020 CRA Advisory Board meeting minutes.
ATTACHMENTS:
Description
D September 3, 2020 CRAAdvisory Board Minutes
MINUTES OF THE CRAADVISORY BOARD MEETING
WEBEX ONLINE MEETING
100 E. OCEAN AVENUE
BOYNTON BEACH, FLORIDA 33435
HELD ON THURSDAY, SEPTEMBER 3, 2020, AT 6:30 P.M.
PRESENT: STAFF:
Allan Hendricks, Vice Chair Michael Simon, CRA Executive Director
Thomas Devlin Bonnie Nicklien, Grant and Project Manager.
Golene Gordon Lisa Tayar, Prototype, Inc.
Sharon Grcevic
Aquannette Thomas ALSO PRESENT:
Sergeant Diehl
ABSENT: Chief Michael Gregory
Anthony Barber, Chair
Angela Cruz
1. Call to Order
The meeting was called to order by Vice Chair Hendricks at 6:34 p.m.
Ms. Nicklien read the WebX virtual meeting protocol into the record.
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
Motion was made by Mr. Devlin, seconded by Ms. Grcevic, to approve the Agenda. In a
voice vote, the motion passed unanimously (5-0).
5. Public Comment — None
6. Consent
A. Approval of CRA Advisory Board Meeting Minutes —August 6, 2020
Motion made by Mr. Devlin, seconded by Ms. Grcevic, to approve the August 6, 2020,
minutes. In a voice vote, the motion passed unanimously (5-0).
Meeting Minutes CRA Advisory Board
Boynton Beach, Florida September 3, 2020
7. Assignments
A. Pending Assignments
1. Review of Fiscal Year 2020-2021 Project Fund Budget
Mr. Simon gave an overview of the FY 2020-2021 Project Fund Worksheet and
the workshop. Board assignments were to review the allocation of funds
appropriated by the CRA Board August 11, 2020, meeting. The only change
was on the fourth line down, the NE 3rd Street Roadway Improvement Project:
the original $500,000 budget has been reconsidered. It was decided to halt
that project and consider building the road at 2nd Street (aerial shown); area
needs traffic flow around eastern block as circulation is important for future
commercial plans. The City owns five to seven acres; future plans in two to
five years to relocate public works out of the neighborhood and reuse the
property for housing. City suggests a 2nd Avenue stop to lead the community
development there.
Design of 3rd Street has been halted, with monies going back to the Proposed
Project Fund spreadsheet. As of August meeting, $500,000 was for design and
construction of the street described; Board decided to halt project and pull
$400,000 out of the $500,000, add money to the acquisition line, $180,000 to
contingency, and the $20,000 balance went to trees. The tree canopy
sustainability program approved by the City Commission is to enhance and refill
the canopy over the next four-five years. The CRA will monitor the project and
report back to the Board where the trees will be installed.
Regarding the contingency funds, typically $100,000 is held for hurricane
damage/ cleanup and/or an unexpected program; $280,000 is okay, there is no
restriction how much can be in the fund; money within the project fund itself
can be moved around without need of budget amendment. Otherwise, the rest
of the budget numbers are the same as last month's meeting.
Vice Chair Hendricks did not disagree with taking out the money for 3rd Street
and the assemblage of lots looks good; however, wanted to know if $5007000
was to do the actual road. Mr. Simon said $84,000 was for design with
approximately $400,000 for roadway and utility improvements. Some
discussion followed on not getting to far ahead with 2nd Street development;
what smaller blocks might accomplish from an urban design standpoint; and
other influences from developers.
Ms. Gordon agreed with the goals presented; however, he had questions about
lack of funds in the residential grant program, can funds be added, and why
nothing was allocated. Mr. Simon said $75,000 is available in this year's budget
that has not yet been requested by an outside entity. The residential grant
program is not as attractive as the commercial grants; homebuyer's assistance
program is run by the City. The CRA felt the program was cumbersome for the
amount of return and the funds could be better allocated elsewhere. Over the
2
Meeting Minutes CRA Advisory Board
Boynton Beach, Florida September 3, 2020
last three years, $250,000 was spent, some was put to good use, and Habitat
for Humanity is working on last year's grant.
Motion made by Ms. Gordon, seconded by Mr. Devlin, to approve Assignment 7.A.1 as
submitted. In a voice vote, the motion passed unanimously (5-0).
2. Review of Commercial Properties with Boynton Beach Boulevard
Corridor within CRA Area.
Mr. Simon stated this item is built upon the last meeting and is more defined
by input at the Board meeting by Mr. Simon and Mr. Devlin. The Board looked
at major corridors: East Boynton Beach Boulevard, Federal, portions of
Gateway, Ocean Avenue, and part of Woolbright, settling on East Boynton
Beach Boulevard properties along that corridor. Mr. Devlin challenged the
exercise of the advantages of acquiring certain properties if there is no funding;
the Board's response was that there is limited funding in the acquisition line;
however, there are other area of the budget (e.g., contingency) where it's
conceivable. The exercise the Board may assign would be to theoretically
create a situation where a property is so important that the Board may consider
tapping into other resources; or if there currently are none, the process and
knowledge of the area(s) is already established for years ahead. Mr. Devlin
explained the Board's thinking on considering advantageous properties to
acquire in the future.
Vice Chair Hendricks commended this planning exercise and was glad the
scope was narrowed. This is a critical corridor and a gateway to the City.
Roadway improvements and potential development is enormous with the new
Town Square and the Marina District. Consideration can also be given to other
main corridors and how other cities handled such challenges. The subway
headquarters is done, it is attractive and requires little more improvement; open
spaces are an opportunity for redevelopment. Mr. Simon noted that NE 2nd is
a lower priority than fronting on Boynton Beach Boulevard. Discussion ensued
on exercises to visualize what the corridor could be, to provide a visual
reference; this visualization already exists for Boynton Beach Boulevard, but
can used as an example for future exercises. Discussion continued on the
subway headquarters, sidewalks, the 2023 roadway plan, bike paths, and
more.
Mr. Simon recapped that funding has been set aside; bidding has gone out for
design firm; and the FDOT process. The 1-95 / Boynton Beach Boulevard
exchange project will be done all at once. There will be a two-lane exist east
from northbound (images will be sent); basically, it will be what was done to
Woolbright. No time frame has been given; but probably will be 16-18 months
start to finish. Regarding landscaping, the CRA is picking up the bill for the
project and the City will take over maintenance of the installation. As to the
power lines, there are designs showing how it could be done; but it is more
3
Meeting Minutes CRA Advisory Board
Boynton Beach, Florida September 3, 2020
expensive than funds available. Underground lines will be addressed when
new development comes in for key blocks with allocation of funds in the future.
Discussion ensued on how this can be accomplished in sections of
developments.
Mr. Simon led additional discussion on how the Board Members can approach
this assignment, to pick a block to explore and accept that there may be some
duplication of efforts. Consideration for assignments in dividing up the four
sections of the corridor were discussed along with possible criteria. This does
not need to be completed by the next meeting; this is an evolving assignment,
a "living document" of sorts.
Mr. Devlin inquired about approaching the Latin American market to redevelop
and make nicer along Boynton Beach Boulevard. Mr. Simon commented on
the purpose of the CRA's strategic planning goals and listed the ways some of
these properties have been tackled in recent years; as the Board moves
forward there may be an opportunity to discuss further and perhaps provide
consultations along with incentivization and commercial grant programs.
B. Reports on Pending Assignments
Chief Gregory noted that overall crime is going down citywide; though there
is some violence and drugs in the Heart of Boynton area. Mr. Devlin asked
about the protest walks; Chief Gregory said they went well and were peaceful;
there was open communication while helping to facilitate 1St Amendment
rights.
8. Future Agenda Items- None
CRA Board meeting is September 8, 2020.
9. Adjournment
Upon motion duly made and seconded, in a voice vote, the motion passed unanimously
(5-0) and the meeting was adjourned at 7:42 p.m.
Attachments: Proposed Fiscal Year 2020-2021 Project Fund Budget
[Minutes transcribed by M. Moore, Prototype, Inc.]
4
1 I,
B E AC H C R A
COMMUNITY REDEVELOPMENT AGENCY
ADVISORY BOARD ITEM A.1.
PENDING ASSIGNMENTS
SUBJECT:
Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRA Area
SUMMARY:
At their July 14, 2020 meeting, the CRA Board assigned the CRAAB with the task of identifying
available properties located within key commercial and light industrial areas of the CRA. CRA
staff will provide the CRAAB with a list of properties found on Costar/LoopNet and the Multiple
Listing Service that are being marketed as "for sale."
The CRA Board's assignment involves the CRAAB performing research and analysis on these
properties. The goal of the assignment is to have the CRAAB provide a priority list of properties
or recommendations on whether or not to pursue possible acquisition based on available funding.
All land assemblages for future redevelopment shall be in furtherance of the 2016 Boynton
Beach Community Redevelopment Plan.
At the August 11, 2020 Board Meeting, the CRA Board provided further direction for CRAAB to
focus on the Boynton Beach Boulevard corridor for the assignment to coincide with the future
Boynton Beach Boulevard roadway improvements and other redevelopment activities. CRA staff
has provided the results of available property searches from CoStar/LoopNet as Attachment I.
FISCAL IMPACT:
To be determined.
CRA P LAN/P ROJ ECT/P ROG RAM:
2016 Community Redevelopment Plan
CRAAB RECOMMENDATION:
To be determined.
CRA BOARD OPTIONS:
To be determined.
ATTACHMENTS:
Description
D Attachment I -Commercial Properties For Sale on E. Boynton Beach Blvd.
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300 NE 2nd St Building Type:Land Space Avail:0 SF
Status: Existing Max Contig:0 SF
Boynton Beach,FL 33424 Building Size: Smallest Space:_
Land Area: 1.03 AC Rent/SFNr:For Sale Only
Palm Beach County Stories:_ % Leased:0%
Boynton/Lantana Submarket
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency-686423.
Only properties with valid lat/lon display on map
Page 1
225 W Boynton Beach Blvd Building Type:Land Space Avail:46,174 SF
P,c- Status: Existing Max Contig:0 SF
Boynton Beach,FL 33435 Building Size: Smallest Space:_
Land Area: 1.06 AC Rent/SFNr:Withheld
Palm Beach County Stories:_ % Leased:0%
Boynton/Lantana Submarket
420 W Boynton Beach Blvd Building Type:Class B Office/Loft/Creative Space Avail:6,000 SF
Space Max Contig:6,000 SF
Boynton Financial Centre Status:Built 1985 Smallest Space:6,000 SF
t Building Size:6,083 SF Rent/SF/Yr:For Sale Only
= to ?•, Boynton Beach,FL 33435 Typical Floor Size:6,000 SF % Leased:1.4%
Palm Beach County Stories:2
Expenses:2019 Tax @$3.23/sf
Boynton/Lantana Submarket
433 W Boynton Beach Blvd Building Type:Land Space Avail:0 SF
Status: Existing Max Contig:0 SF
n Downtown Boynton Beach Building Size: Smallest Space:_
Blvd. Land Area:0.56 AC/0.56 AC(Net) Rent/SFNr:For Sale Only
Stories:_ oho Leased:0%
Boynton Beach,FL 33435
Palm Beach County
Boynton/Lantana Submarket
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency-686423.
Only properties with valid lat/lon display on map
Page 2
Property Summary Report
300 NE 2nd St
Boynton Beach, FL 33424- Boynton/Lantana Submarket
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LAND
Type: Commercial Land Topography: Level
Land AC: 1.03 AC
Land SF: 44,867 SF
ZONING& USAGE
Zoning: C4, R2
Proposed Use Mixed Use
Approvals: Maps
CURRENT CONDITION
Grading: Raw land
Infrastructure: No Curb/Gutter/Sidewalk, No Electricity, No Gas, No Sewer, No Streets, No Water
TRAFFIC& FRONTAGE
Traffic Volume: 19,585 on East Boynton Beach Boulevard &NE 3rd St(2020)
33,915 on E Boynton Beach Blvd& NE 3rd St(2013)
Frontage: 172'on NE 2nd St.
Made mvith TrarficMetrix"Preducr
TRANSPORTATION
Commuter Rail: 8 minute drive to Boynton Beach Commuter Rail (Tri-County Commuter)
Airport: 22 minute drive to Palm Beach International Airport
Walk Score o: Very Walkable(77)
Transit Score o: Minimal Transit(0)
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency- Page 1
F! 686423. COStar 9
Property Summary Report
225 W Boynton Beach Blvd
Boynton Beach, FL 33435- Boynton/Lantana Submarket
Image
, cit Available'
LAND
Type: Commercial Land Topography: Level
Land AC: 1.06 AC
Land SF: 46,174 SF
ZONING& USAGE
Zoning: C2 and and R1
Proposed Use: Commercial,Convenience Store, Day Care Center, Fast Food, Medical, Restaurant, Retail, Service Station,Strip Center
CURRENT CONDITION
Grading: Raw land
Infrastructure: Curb/Gutter/Sidewalk, Electricity, No Gas, Sewer, Streets,Water
TRAFFIC& FRONTAGE
Traffic Volume: 32,140 on West Boynton Beach Boulevard& NW 3rd St(2020)
30,783 on W Boynton Beach Blvd &NW 4th St(2020)
Frontage: 260'on Boynton Beach Blvd.(with 4 curb cuts)
Made vvith TrarficMe rixJ Producr
TRANSPORTATION
Commuter Rail: 7 minute drive to Boynton Beach Commuter Rail (Tri-County Commuter)
Airport: 21 minute drive to Palm Beach International Airport
Walk Score o: Very Walkable(72)
Transit Score o: Minimal Transit(0)
8/26/2020
Copyrighted report licensed to Boynton Beach
.Community Redevelopment Agency- COStaYTM Page 3
Property Summary Report
420 W Boynton Beach Blvd - Boynton Financial Centre
Boynton Beach, FL 33435- Boynton/Lantana Submarket
BUILDING
!i t,
Type: Class B Office
Tenancy: Multiple
Year Built: 1985
r RBA 6,083 SF
4t ,
Floors 2
Typical Floor: 6,000 SF
f Construction Reinforced Concrete
LAND
Land Area: 0.34 AC
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Zoning C2
�t ilii ksf"til'�i7r;S1 �a!}f (l itt(r{�tYt
EXPENSES PER SF
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4rtY4 ter. t st �4 t .? k ' Taxes' $3.23 2019)
PARCEL
08-43-45-28-11-000-0030
AMENITIES
24 Hour Access, Controlled Access, Natural Light, Partitioned Offices, Plug& Play, Signage
LEASING
Available Spaces: No Spaces Currently Available
TRANSPORTATION
Parking: Surface Spaces @$0.00/mo;24 free Covered Spaces are available; Ratio of 3.95/1,000 SF
Commuter Rail 7 minute drive to Boynton Beach Commuter Rail (Tri-County Commuter)
Airport: 22 minute drive to Palm Beach International Airport
Walk Score o: Somewhat Walkable(65)
Transit Score o: Minimal Transit(0)
KEY TENANTS
Subway-South Florida 1,200 SF Gmr Payment Service 300 SF
PROPERTY CONTACTS
True Owner: 420 West Boynton Bch Blvd Llc Recorded Owner: 420 West Boynton Bch Blvd Llc
Pr'oper'ty Manager:Subway of South Florida
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency- Page 4
F! 686423. COStar g
Property Summary Report
420 W Boynton Beach Blvd - Boynton Financial Centre
Boynton Beach, FL 33435- Boynton/Lantana Submarket
MARKET CONDITIONS
Vacancy Rates r Current YOY Gross Asking Rents Per SF Current Yoyi
Current Building 98.6% 98.6% Submarket 1-3 Star $29.95 4.8%
Submarket 1-3 Star 9.5% o.9% Market Overall $35.21 4.5%
Market Overall 10.4% 1.2%
Submarket Leasing Activity Current YOY Submarket Sales Activity Current Yoyi
12 Mo. Leased SF 141,351 0.5% 12 Mo. Sales Volume(Mil.) $8.1 -59.7%
Months On Market 9.0 1.0 mo 12 Mo. Price Per SF $274 9.o%
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency- Page 5
F! 686423. COStar- g
Property Summary Report
433 W Boynton Beach Blvd - Downtown Boynton Beach Blvd.
Boynton Beach, FL 33435- Boynton/Lantana Submarket
f,u= - + ,„
NW 3rd Avenueo-
�;y NW 3rd Street
NW 4th Street ,+
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LAND
Type: Commercial Land Topography: Level
Land AC: 0.56 AC
Land SF: 24,394 SF
Dimensions: Irregular
PARCEL
08-43-45-21-15-000-0830
ZONING& USAGE
Zoning: C2-Office/Retail
Proposed Use. Hold for Investment
CURRENT CONDITION
Improvements: Vacant land
Grading: Raw land
Infrastructure: Curb/Gutter/Sidewalk, Electricity,Gas, Sewer, Streets,Water
TRAFFIC& FRONTAGE
Traffic Volume: 29,966 on W Boynton Beach Blvd &NW 4th St(2018)
32,820 on W Boynton Beach Blvd &I-95(2013)
Frontage: 218'on W Boynton Beach Blvd
113'on NW 4th St
Made mvith TrarficMetrix"Preducr
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency- e 6
�'' 686423. Costar+" Page
Property Summary Report
433 W Boynton Beach Blvd - Downtown Boynton Beach Blvd.
Boynton Beach, FL 33435- Boynton/Lantana Submarket
TRANSPORTATION
Commuter Rail: 7 minute drive to Boynton Beach Commuter Rail (Tri-County Commuter)
Airport: 21 minute drive to Palm Beach International Airport
Walk Score o: Somewhat Walkable(65)
Transit Score o: Minimal Transit(0)
PROPERTY CONTACTS
True Owner: HASNER REALTY CORPORATION
Recorded Owner: Boynton East Llc
Prior True Owner: Castle Florida Building Corp
8/26/2020
Copyrighted report licensed to Boynton Beach Community Redevelopment Agency- Page 7
F! 686423. COStar 9