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Agenda 11-05-20C RA Advisory Board M eeting T hursday, November 5, 2020 - 6:30 P M WebEx Online M eeting 561-737-3256 AD V IS O RY B O ARD AG E ND A AG E ND A 1.Call to Order 2.Roll Call 3.Age nda Approval A.Additions, Deletions, Corrections to the Agenda B.Adoption of Agenda 4.Information Only 5.Public Comme nt 6.Consent A.Approval of C R A Advisory Board Meeting Minutes - October 1, 2020 B.Consideration of 2021 C R A Advisory Board Meeting Dates 7.Assignments A.Pending Assignments 1.Review of Commercial Properties within Boynton Beach Boulevard Corridor within C R A Area 8.Adjournme nt Notice THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM OR ACTIVITY CONDUCTED BY THE 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 CRA'S WEBSITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRA'S WEBSITE CAN BE OBTAINED FROM THE CRA OFFICE. A D VI SORY B OA R D I T EM 6.A. C O NS E NT S UB J E C T: Approval of C R A Advisory B oard Meeting Minutes - October 1, 2020 S UM M ARY: See attached minutes. C RAAB RE C O M M E ND AT I O N: Approve October 1, 2020 C R A Advisory B oard meeting minutes. AT TAC HM E NT S : Description October 1, 2020 C RA Advisory Board M inutes MINUTES OF THE CRA ADVISORY BOARD MEETING WEBEX ONLINE MEETING 100 E. OCEAN AVENUE BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, OCTOBER 1, 2020, AT 6:30 P.M. PRESENT: STAFF: Anthony Barber, Chair Michael Simon, CRA Executive Director Allan Hendricks, Vice Chair Theresa Utterback, CRA Dvlpmt Specialist Thomas Devlin Lisa Tayar, Prototype, Inc. Golene Gordon Sharon Grcevic ALSO PRESENT: Sergeant Diehl ABSENT: Angela Cruz Aquannette Thomas 1. Call to Orde r The meeting was called to order by Chair Barber at 6:33 p.m. Mr. Simon 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 Vice Chair Hendricks, seconded by Ms. Grcevic, to approve the Agenda. In a voice vote, the motion passed unanimously (5-0). 4. Public Comment – None 5. Conse nt A. Approval of CRA Advisory Board Meeting Minutes – September 3, 2020 Motion made by Vice Chair Hendricks, seconded by Ms. Grcevic, to approve the September 3, 2020, minutes. In a voice vote, the motion passed unanimously (5-0). Meeting Minutes CRA Advisory Board Boynton Beach, Florida October 1, 2020 2 6. Assignme nts A. Pending Assignments 1. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRA Area Chair Barber reviewed the assignment to the Board Members to determine viable properties for purchase and redevelopment. Vice Chair Hendricks said the scope was narrowed to just Boynton Beach Boulevard, both sides of the street between 95 and Federal. Then the Board divided it up into four sections to find whatever information could be gathered. Seacrest was the dividing line. Mr. Devlin reported that he drove through [assigned area inaudible} and videoed buildings, land, and what was available in order to become familiar with the area. Of note were two vacant pieces and that Franks will be reopening. Ms. Gordon suggested several properties to look at:  1320 S Federal (vacant land)  3230 Federal (potential property)  800 NE 7th Street  300 NE 2nd Street Ms. Grcevic reported on 217 NE 3rd; that she had spoken to Mario at Bruno ’s Auto Body who has owned that strip on the southwest corner with multiple businesses for many years; Mario is thinking about getting out in a few years and would be willing to discuss this property further sometime down the road. Vice Chair Hendricks reported on the south side of Boynton Beach between Seacrest and Federal and found some interesting activity with people taking parcels and assembling them. KMG Holdings; all of the parcels on Northwest 1st Avenue are residential except for Boynton Boundless, which is commercial. The zoning for the area along Boynton Beach Boulevard is C2, which is Community Business. The Subway Regional Corporate building is in good shape; the daycare center is in good shape. The CRA just spent some money creating Health Hearts (the two residential buildings that got connected as a veterinary service). An aerial graphic was shown to demonstrate (highlighted in pink) the places that don’t need to have much done. Continuing, Vice Chair Hendricks said the boundaries around the parcels that have been assembled were informative, the CRA is already actively involved with the area at Seacrest and Boynton. The two parcels that need the most attention are the two in red (see attached). (In full disclosure, Vice Chair Hendricks knows one of the owners at the check-cashing place.) Mr. Simon’s question was inaudible, but the reply was that Mr. King is on the Sunbiz as one of the directors and the short answer to the question is yes. These are usually wise investors with reasons why they purchase property on Boynton Beach Meeting Minutes CRA Advisory Board Boynton Beach, Florida October 1, 2020 3 Boulevard, such as an eye to future development. The parcel near the hotel was put together is a fashion for potential, some of it has already been improved. If the block is really developed deep, some rezoning will be needed behind in the residential area, improving the commercial areas to be harmonious with nearby residential (e.g., lower-rise neighborhood commercial appropriate for that whole stretch). In closing, it was suggested that whatever is decided should have a clear format to present to the CRA Board. Mr. Simon noted that no time frame was given by CRA. Some type of information template has been created as information is gathered. Some discussion ensued as to said template and that it fits everyone ’s research. Mr. Simon can ask the CRA for more direction as to their expectations so that the information provided will be most helpful, especially if the CRA is looking for recommendations. Vice Chair Hendricks’ presentation of information was a good exemplar to start with, i.e, does the Advisory Board see/feel/notice any particular group of properties or property in the four sections assigned that the CRA should consider, what ongoing upgrades that would encourage future redevelopment in that area. Maybe it isn’t about buy another parcel, but more creating an environment, visually, security, beautification, that encourages the private sector to buy. Of note, Mr. Simon stated that the Boynton Beach CRA is becoming the likely buyer of property downtown; we do not want to be the only sales in the market, rather to encourage private sector interest. CRA is a long-term development company and doesn’t want to buy too many key parcels rather than promoting to the private sector to purchase. Returning to the assignment at hand, the Board Members discussed the best ways to convey their research to the CRA; suggestions to have a template provided so that each member could elaborate with their own suggestions including adding frontage, facelifts, parking lots, etc., to improve CRA areas. Ms. Gordon suggested the Vice Chair take charge of the presentation to the CRA Board. Vice Chair Hendricks agreed to create the spreadsheet template to gather the criteria which would aid in compiling all the information. Before next month’s meeting, Mr. Simon will work with Staff to distribute the templates, along with a list of grantees, to the Board for further discussion and finalizing the assignment presentation. 7. Adjournment Upon motion duly made and seconded, in a voice vote, the motion passed unanimously (5-0) and the meeting was adjourned at 7:37 p.m. Attachments: Vice Chair Hendrick’s Aerial Map of Seacrest area. [Minutes transcribed by M. Moore, Prototype, Inc.] A D VI SORY B OA R D I T EM 6.B. C O NS E NT S UB J E C T: Consideration of 2021 C R A A dvisory Board Meeting Dates S UM M ARY: C R A Advisory B oard meetings are held on the first T hursday of every month at 6:30 p.m. at Commission C hambers at City Hall located at 100 E. Ocean Avenue, B oynton B each, F L 33435. Due to the C O V I D -19 pandemic, the C ity has currently held meetings virtually through the WebE xonline platform. T he following is a list of the C R A A dvisory B oard meeting dates for the period J anuary - December 2021: J anuary 7 F ebruary 4 March 4 April 1 May 6 J une 3 J uly 1 August 5 September 2 October 7 November 4 December 2 T here are no known conflicts with National Holidays, National E lections or L ocal E lection dates. C RA P L AN/P RO J E C T /P RO G RAM : 2016 B oynton Beach Community Redevelopment Plan C RA B O ARD O P T IO NS: 1. Approve the 2021 C R A Board meeting dates as presented. 2. Approval of alternate dates and times after discussion by the C R A B oard. A D VI SORY B OA R D I T EM A.1. P E ND ING AS S IG NM E NT S S UB J E C T: Review of Commercial Properties within B oynton Beach Boulevard Corridor within C R A Area S UM M ARY: At their J uly 14, 2020 meeting, the C R A Board assigned the C R A A B with the task of identifying available properties located within key commercial and light industrial areas of the C R A . C R A staff will provide the C R A A B with a list of properties f ound on Costar/L oopNet and the Multiple L isting S ervice that are being marketed as "for sale." T he C R A Board's assignment involves the C R A A B performing research and analysis on these properties. T he goal of the assignment is to have the C R A A B provide a priority list of properties or recommendations on whether or not to pursue possible acquisition based on available funding. All land assemblages f or future redevelopment shall be in f urtherance of the 2016 Boynton Beach Community Redevelopment Plan. At the August 11, 2020 B oard Meeting, the C R A B oard provided f urther direction for C R A A B to focus on the B oynton Beach Boulevard corridor f or the assignment to coincide with the future Boynton Beach B oulevard roadway improvements and other redevelopment activities. CRA staff has provided the results of available property searches from CoStar/LoopNet as Attachment I. F I S C AL I M PAC T: To be determined. C RA P L AN/P RO J E C T /P RO G RAM : 2016 Community Redevelopment P lan C RAAB RE C O M M E ND AT I O N: To be determined. C RA B O ARD O P T IO NS: To be determined. AT TAC HM E NT S : Description Attachment I - Commercial P roperties F or Sale on E . Boynton Beach Blvd. Land Building Size: 1.03 AC Stories: Existing - Space Avail: % Leased: Rent/SF/Yr: 0 SF For Sale Only 0% Status: Land Area: Building Type:300 NE 2nd St Boynton Beach, FL 33424 Palm Beach County Boynton/Lantana Submarket 1 Max Contig: Smallest Space: 0 SF - Only properties with valid lat/lon display on map Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423.8/26/2020 Page 1 Land Building Size: 1.06 AC Stories: Existing - Space Avail: % Leased: Rent/SF/Yr: 46,174 SF Withheld 0% Status: Land Area: Building Type:225 W Boynton Beach Blvd Boynton Beach, FL 33435 Palm Beach County Boynton/Lantana Submarket 2 Max Contig: Smallest Space: 0 SF - Class B Office/Loft/Creative Space 6,083 SFBuilding Size: 6,000 SF Stories: Built 1985 2 Space Avail: % Leased: Rent/SF/Yr: 6,000 SF For Sale Only 1.4% Status: Typical Floor Size: Building Type:420 W Boynton Beach Blvd Boynton Financial Centre Boynton Beach, FL 33435 Palm Beach County Boynton/Lantana Submarket 3 Max Contig: Smallest Space: 6,000 SF 6,000 SF Expenses:2019 Tax @ $3.23/sf Land Building Size: 0.56 AC / 0.56 AC (Net) Stories: Existing - Space Avail: % Leased: Rent/SF/Yr: 0 SF For Sale Only 0% Status: Land Area: Building Type:433 W Boynton Beach Blvd Downtown Boynton Beach Blvd. Boynton Beach, FL 33435 Palm Beach County Boynton/Lantana Submarket 4 Max Contig: Smallest Space: 0 SF - Only properties with valid lat/lon display on map Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423.8/26/2020 Page 2 Page 1 8/26/2020 300 NE 2nd St Boynton Beach, FL 33424 - Boynton/Lantana Submarket Property Summary Report LAND Type:Commercial Land Land AC:1.03 AC Land SF:44,867 SF Topography:Level 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 Made with TrafficMetrix® Products 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. 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 ®:Very Walkable (77) Transit Score ®:Minimal Transit (0) Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423. Page 3 8/26/2020 225 W Boynton Beach Blvd Boynton Beach, FL 33435 - Boynton/Lantana Submarket Property Summary Report LAND Type:Commercial Land Land AC:1.06 AC Land SF:46,174 SF Topography:Level ZONING & USAGE Zoning:C2 and and R1A 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 Made with TrafficMetrix® Products 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) 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 ®:Very Walkable (72) Transit Score ®:Minimal Transit (0) Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423. Page 4 8/26/2020 420 W Boynton Beach Blvd - Boynton Financial Centre Boynton Beach, FL 33435 - Boynton/Lantana Submarket Property Summary Report BUILDING Type:Class B Office Tenancy:Multiple Year Built:1985 RBA:6,083 SF Floors:2 Typical Floor:6,000 SF Construction:Reinforced Concrete LAND Land Area:0.34 AC Zoning:C2 EXPENSES PER SF 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 ®:Somewhat Walkable (65) Transit Score ®: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 Property Manager:Subway of South Florida Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423. Page 5 8/26/2020 420 W Boynton Beach Blvd - Boynton Financial Centre Boynton Beach, FL 33435 - Boynton/Lantana Submarket Property Summary Report MARKET CONDITIONS Vacancy Rates Current YOY Current Building 98.6%98.6% Submarket 1-3 Star 9.5%0.9% Market Overall 10.4%1.2% Gross Asking Rents Per SF Current YOY Submarket 1-3 Star $29.95 4.8% Market Overall $35.21 4.5% Submarket Leasing Activity Current YOY 12 Mo. Leased SF 141,351 0.5% Months On Market 9.0 1.0 mo Submarket Sales Activity Current YOY 12 Mo. Sales Volume (Mil.)$8.1 -59.7% 12 Mo. Price Per SF $274 9.0% Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423. Page 6 8/26/2020 433 W Boynton Beach Blvd - Downtown Boynton Beach Blvd. Boynton Beach, FL 33435 - Boynton/Lantana Submarket Property Summary Report LAND Type:Commercial Land Land AC:0.56 AC Land SF:24,394 SF Dimensions:Irregular Topography:Level 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 Made with TrafficMetrix® Products 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 Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423. Page 7 8/26/2020 433 W Boynton Beach Blvd - Downtown Boynton Beach Blvd. Boynton Beach, FL 33435 - Boynton/Lantana Submarket Property Summary Report 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 ®:Somewhat Walkable (65) Transit Score ®:Minimal Transit (0) PROPERTY CONTACTS True Owner:HASNER REALTY CORPORATION Recorded Owner:Boynton East Llc Prior True Owner:Castle Florida Building Corp Copyrighted report licensed to Boynton Beach Community Redevelopment Agency - 686423.