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Agenda 01-12-21 d BEACK�,,,,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY Community Redevelopment Agency Board Meeting Tuesday, January 12, 2021 -5:30 PM GoToWebinar Online Meeting and City Hall Chambers, 100 E. Ocean Avenue 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 8. Information Only A. Public Comment Log B. Public Relations Articles Associated with the CRA 9. Public Comments 10. CRAAdvisory Board A. CRAAdvisory Board Meeting Minutes- December 3, 2020 B. Pending Assignments 1. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRAArea C. Reports on Pending Assignments 11. Consent Agenda A. CRA Financial Report Period Ending December 31, 2020 B. Approval of CRA Board Meeting Minutes- December 8, 2020 12. Pulled Consent Agenda Items 13. CRA Projects in Progress A. Marketing, Business Promotions, and Social Media Update B. Social Media Outreach Program 1st Quarterly Report (October-December 2020) C. CRA Economic& Business Development Grant Program Update 14. Public Hearing 15. Old Business A. Audited Financial Statements- FY 2019-2020, Fiscal Year Ended September 30, 2020 B. Consideration of Approval of 500 Ocean Performance Audit for Year Ending December 31, 2020 for Compliance with the Direct Incentive Funding Agreement C. Discussion and Consideration of a Purchase and Development Agreement with Boynton Beach Office Condominium, LLC for the CRA-owned Properties Located at 1102-1110 N. Federal Highway D. Update and Discussion on the Redevelopment Proposal Submitted by Boynton Beach Cottage District Development, LLC for the Cottage District Infill Housing Redevelopment Project E. Purchase and Development Agreement Status on Ocean One Boynton, LLC F. Discussion and Consideration of Terms for a RFP/RFQ for the CRA-owned Property Located at 115 N. Federal Highway G. Consideration of First Amendment to the Phase II Interlocal Agreement for Funding Portions of the Town Square Project H. Consideration of an Interlocal Agreement with the City of Boynton Beach for the Historic Woman's Club of Boynton Beach located at 1010 S. Federal Highway I. Discussion and Consideration of a Tax Deed Sale for the Vacant Lot Located at 514 NW 11th Avenue 16. New Business A. Dewey Park Light Installation B. Consideration of a 10' Dedication of CRA-owned Properties for the NE 9th Avenue Right-of-Way C. Discussion and Consideration of a Palm Beach County Land Available Sale for the Vacant Lot located at 545 NW 11th Avenue D. Discussion and Consideration of a Tax Deed Sale for the Vacant Lot Located at 104 NW 5th Avenue E. Discussion and Consideration of a Tax Deed Sale for the Property Located at 521 N. Federal Highway 17. Future Agenda Items A. MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project Update B. Discussion Regarding Prevailing Wage, Benefits and Apprenticeship Policies for CRA Procurement and Requests for Proposals C. Sara Sims Park Amphitheater Plans 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 TESTIMONYAND 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 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 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. 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 INFORMATION ONLY AGENDAITEM: 8.A. SUBJECT: Public Comment Log SUMMARY: The CRA Board is being provided the Public Comment Log for the time period since the last Board meeting (see Attachment 1-11). CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board ATTACHMENTS: Description D Attachment I - Public Comment Log D Attachment II - Kim Kelly FB Post 0 O t wt, U s� � m ' m J O ZN W o N � O � � o � � U U � Q N ` o C N D N O � Y ° y U z� o s ,� N Kim Kelly 0, Boynton Beach CRA. PLEASE LEXVE THE LIC TS ON YEAR ROUND! So many positive comments about haw it lights up downtown P 2 1 Comment Like Coniment Share Message I . Oldest v IDJennifer Giddens if s a beautiful thing, Like Reply Message e 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 INFORMATION ONLY AGENDAITEM: 8.13. SUBJECT: Public Relations Articles Associated with the CRA SUMMARY: Sun Sentinel- 12/1/2020 - Habitat for Humanity Fulfills Families' Dreams of Homeownership - https://www.sun- sentinel.com/community/gateway-gazette/fl-cn-habitat-for-humanity-homes-for-holidays- 20201201-yp7njmx4rfetpitys622m7kpw4-story.html Fox 29 WFLX- 1/4/2021 - Boynton Beach Business Owners Oppose Project, Form Coalition - https://www.wflx.com/2021/01/04/boynton-beach-business-owners-oppose-project-form- coalition/ CRA P LAN/P ROJ ECT/P ROG RAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board. 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 CRAADVISORY BOARD AGENDAITEM: 10.A. SUBJECT: CRA Advisory Board Meeting Minutes - December 3, 2020 SUMMARY: See attached minutes. CRAAB RECOMMENDATION: Approved December 3, 2020 CRAAdvisory Board meeting minutes. ATTACHMENTS: Description D December 3, 2020 CRAAdvisory Board Minutes MINUTES OF THE CRAADVISORY BOARD MEETING GoToWebinar MEETING 100 E. OCEAN AVENUE BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, DECEMBER 3, 2020, AT 5:30 P.M. PRESENT: STAFF: Anthony Barber, Chair Michael Simon, CRA Executive Director Allan Hendricks, Vice Chair Thuy Shutt, CRAAssistant Director Angela Cruz Theresa Utterback, CRA Development Mngr Thomas Devlin Bonnie Nicklien, CRA Grants & Project Mngr Golene Gordon Crysta Parkinson, Prototype, Inc. Sharon Grcevic Aquannette Thomas ALSO PRESENT: Sergeant Henry Diehl Ms. Nicklien read into the record the protocol guidelines for video conferencing for this Public Meeting before proceeding to the Agenda items. 1. Call to Order The meeting was called to order by Chair Barber at 5:30 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 Motion was made by Ms. Gordon, seconded by Mr. Devlin, to approve the Agenda as is. In a voice vote, the motion passed unanimously (7-0). 4. Information Only — None 5. Public Comment Chair Barber opened the floor for public comment. • Minister Bernard Wright, address not given, spoke regarding changing the name of Wells Landing and is seeking feedback. This was a project for the Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 people and there are legal ramifications for changing the name. Mr. Wright said he would use resources Mr. Wright has a petition with more that 200 signatures to keep the name. • Susan Oyer, 140 SE 27th Way, wanted to comment on how beautiful Ocean Avenue is with the holiday lights and that CRA is working with the City. The City should return to lighting Martin Luther King Boulevard and start lighting Seacrest. Referenced was a survey CRA did of businesses and residents in favor of lighting the Board should investigate the cost of lighting as in years past. Chair Barber closed the floor to public comment. 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes — November 5, 2020 Motion made by Mr. Hendricks, seconded by Mr. Devlin, to approve the November 5, 2020, minutes. In a voice vote, the motion passed unanimously (7-0). 7. Assignments A. Pending Assignments 1 . Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRAArea [ITEM TABLED] B. Reports on Pending Assignments [ITEM TABLED] C. New Assignments 1 . Discussion and Consideration of the Responses to the RFP/RFQ for the Cottage District Infill Housing Redevelopment Project Development Proposals Mr. Simon introduced this assignment from the CRA Board to review respondents for the Cottage District RFP/RFQ. It was released on August 11 with a deadline for responses of August 23. CRA has received five proposal from five different development teams (see attached). The intent was to solicit proposals from qualified, experienced developers financially capable to purchase/acquire the property from the CRA to create infill housing for single-family homeownership, attached or detached. The respondents (four of which are present tonight) are: • Boynton Beach Cottage District Development, LLC • Fox Ridge Capital, LLC • Azur Equities LLC and Canary Village • Pulte Home Company • Ace Development Group 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Mr. Simon gave the protocol for the presentations followed with questions from the Board and/or Public. The order of presentation is based upon date and time received. Mr. Hendricks made a disclosure that some of the people on these teams are clients or fellow consultants that he works with professionally: Bradley Miller, WGI, Urban Design, and Pulte Homes. Mr. Simon clarified that Mr. Hendricks will not be working as a landscape architect on any of these proposals. Ms. Thomas made a disclosure that Gary Smigiel is a banking client of hers. • Boynton Beach Cottage District Development, LLC Ferrell Tiller gave a PowerPoint Presentation (see attached), with highlights as follow: o This group has been doing real estate and development for more than 150 years with extensive experiences working with CRAs, most of which were in Palm Beach County and South Florida. o Core team is comprised of three firms: Mecca Farms, NRH Homes, and Chris Allen Realty. o Most of the team were born and raised in Palm Beach County and care deeply about this community. o Overview of the members of the team (see attached). Nicholas Heine shared a list of completed similar projects, going into detail on several of them, followed by an outline of why they chose Boynton Beach Cottage District and their project goals: o Option A: Site Plan includes community garden, a tot lot, mix of townhouses and single-family homes (42 units total). Exterior of property includes proposed solar powered streetlights to reduce carbon footprint of neighborhood. Mass rendering showed the flow with the existing neighborhood. o Option B: Site Plan allows for future use. Comprised of 40 units, community garden, playground, and tot lot with a linear park along Northeast 1 st Ave. o Elevations for proposed units comprised of four types: three styles of single-family homes and one style of townhome. Chris Heine, Jr., highlighted additional features buyers would want in the area: o 70% of buyers are local and coming out of rentals, 25% coming from other counties. 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 o Discussed ways in which the team drives buyers and markets, including job fairs and radio advertising. o Low barrier to entry of payments at $2,000 a month for a single- family home to less than $1,800 at the lower end. o Opening up to a large pool of buyers and giving room for equity growth. o Discussed an outline of financial capability. o BBCDD Team is confident the team will have no problem financing this project through a self-financing structure. The 15 minute limit was reached; Chair Barber sought consensus to extend the presentation for five minutes; consensus was received. Twenty minutes will now be granted for the remaining presentations. Nicholas Heine continued to touch on the financial capability of this team which continues to do project throughout Palm Beach County. Mr. Tiller added that their economic modeling plan estimates the economic output of project like this. Based on the $11 .5 million estimate, several different outcomes could occur: o Just under $1 .4 million in TIFF funding generated to the CRA in the first ten years of the project, with a total of $4.1 million over the life of the CRA until sunset in 2024. o A creation of 127 construction jobs. o Just under $20 million economic impact. o More than $1 million increased retail spending by new residents, increased purchasing power of residents in the CRA. Nichola Heine concluded noting the group are local builders, local developers, 95% local subcontractors, which makes financial sense to hire local people. They are excited to work with the CRA and appreciate the opportunity to bid. Chair Barber asked for clarification of on exclusions in the site plan; Mr. Simon pointed out two sites that were not included on the slide that are CRA properties and answered Chair Barber's question. Mr. Hendricks had several comments: • Unsure if thrilled with the concept of a house without a garage, mostly to keep the area as tidy as possible. • Unsure how the fire department will respond to a T-road. • Regarding maintenance agreements, how would this new development be kept clean, tidy, and well-kept. • The community garden is a great idea, but maybe keep it as green space. • Will the CRA be providing management for years to come? 4 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Mr. Simon deferred the question to the developer as to whether they are forming an HOA. Also, if the developer is willing to look at garages. Mr. Simon stated it is important that the Advisory Board doesn't get too nailed down in the nitty gritty of the site plan, noting things only that are liked or disliked. Mr. Tiller said the proposal is that it is an unincorporated neighborhood; past experience is that code enforcement keeps a tight rein. Also people are more receptive to an unincorporated neighborhood as there is more freedom; but the developers are flexible on this point. Chair Barber asked if the other presenters are listening to these questions; Mr. Simon said yes and Chair Barber continued by asking what efforts BBCDD makes to ensure local contractors, tradesmen, and laborers on the project. Mr. Tiller said they are open to working with the CRA to find more local subcontractors and labor, reemphasizing that it just makes financial sense to use local people. A discussion followed on the definition of "local," and the group's experiences with community job fairs for opportunities for CRA residents and identifying subcontractors within. Also asked was if BBCDD would be willing to use mailers within the local zip codes to make sure recruits definitely are local; Mr. Tiller agreed and feels it is a good idea. Ms. Oyer had several comments: • Noting that her family owns a large parcel on the west side of the block, the cottage on the corner will be 95 years old and they think it has reached the end of its lifespan; the developers should approach her or her brother about a ground lease as they do not want to sell the land. • Looking at the proposal, it is hoped the neighboring landowners will be taken into consideration. • Option A is beautiful. • Developer should think about walls or something at the end of the interior street to keep people from driving onto the Oyer property or through the fence; something besides just trees. • Elevation will cause flooding issues on the Oyer property, perhaps proper berms could keep out water. • Worry about foundation pounding. Mr. Hendricks noted that while these presentations are conceptual, but seeking clarification should the fire department require a road be put in, it could take out a unit here or there. Mr. Simon said the key elements which are part of the review of the RFP, the submission criteria can change the site plan slightly, but that is much farther down the process after developer selection. Mr. Devlin commented that hopefully the other presenters will take note of Ms. Oyer's comments so the comments won't need to be repeated after each presentation. Mr. Hendricks added that when a site gets developed the City will require they retain water on their own site as a requirement of any site plan approval; e.g., "you can't drain onto your neighbor's lots." 5 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 • Fox Ridge Capital Grant Horwitz gave a PowerPoint Presentation (see attached), with highlights as follow: o Background in Boynton Beach given; added 900 jobs to City with redevelopment of office building Fox Ridge owns in Heart of Boynton Beach. o Similar project to the one being presented in Miami with Coconut Grove CRA. o Looking to develop homesteads in low to moderate income households (80-140% of AMI). o Site plan described; 45 homes as townhouses and single-family homes. (ability to develop to maximum of 65 homes as townhouses). o Home prices range from $250,000 to $280,000 with options to increase values. o Community feel with ample green space of pocket parks and city parks. o Each unit has parking and additional freestanding parking for visitors and guests. o While not shown on all site plans, garages are an available option. o HOA to make sure there is continuity and homes are kept up to expected standards. o Balconies and porches to encourage families to congregate outside. o Workforce housing pricing that feels like market rate housing. o Sales and marketing plan to partner with local real estate brokerage firm. o Initial targets: City employees, police officers, fire fighters, teachers, and nurses. o Pre-sales would begin as soon as contractual agreement is reached. o Sale and delivery of homes to be completed within 24 months from start of infrastructure. o Built on a modular basis off site and delivered substantially complete. o Same general contractor as office building would work on this project; apprenticeship program already in place using local talent; currently working with Palm Beach State College on apprenticeship program. o Outlined CRA partnership details and plans to give back to community from a financial perspective. o Commitment from Apollo Bank to fund all construction costs; partner equity will be used to guarantee all debt as well. o Total completion time: 24 months or less. 6 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Mr. Devlin had several questions: • Clarification on parking for the townhouses. There will be available space for parking on street with an option for a garage on the first floor of these units. Also space on either side of unit will be additional space for parking. • Where their existing project is located; Mr. Horwitz said Coconut Grove, Florida Keys, and Marathon (would gladly send photos). • How have these units survived recent storms, Mr. Horwitz said the community in Marathon suffered no damage at all during last storm. A completed project in Hallandale has photos available; feels that some of these developments withstood storms better than their concrete counterparts; designed to withstand 180 mph winds and all have impact glass. • Concerned about scarce greenspace. Mr. Horwitz noted the entire south west corner is open greenspace with two pocket parks to be developed, one with a bus stop. Mr. Hendricks liked the cool vibe of the architecture and commented the modular homes are really tough, depending on the builder, and can withstand anything a CVS house can withstand as far as hurricanes and storms. Informal surveillance can be provided by people sitting on their porches. Ms. Cruz asked the cost of the HOA for these houses. Mr. Horwitz had been a COO for a large property management company in Florida and is geared toward reducing any extraneous costs; it is expected that landscaping will be part of the HOA because parks are inclusive; the projected costs should be well under$100 a month, but this has not been finalized. Residents will be able to self-regulate, but will be kept as economical as possible. Mr. Hendricks asked if thought has been given to giving the greenspace in the southwest corner to Parks and Recreation to develop. Mr. Horwitz said thought has been given to convey the land to the City for liability purposes. While HOA will maintain landscaping the park itself would be a City park as a public/private partnership to develop. Ms. Grcevic wondered if these homes were slab or crawl space. Mr. Horwitz said in any modular housing there will be a crawls space beneath, set on a stem wall to allow it to be constructed and maintained. Mr. Simon called for public comment; there being none, the presentations continued. • Azur Equities LLC and Canary Village Franck Gotsman gave a PowerPoint Presentation on Canary Village (see attached), with highlights as follow: 7 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 o Idea had come from a discussion with local community and people. Had originally submitted an unsolicited proposal to the CRA and are happy to see some of their original ideas come into the RFP. o Currently building 120 homes in Pompano Beach, other projects in Davie, Miami Gardens, and West Palm Beach. o Azur is eclectic, doing large and small projects. Emphasis of this project is that it is local: ownership, construction, workforce. o Price range is around $225,000 for single-family and townhomes. o Site plan is for 12 single-family homes, 27 townhomes, all around 1 ,500 square feet. o Large park donated to the City in the northeast corner near bus stop. o Idea is not to maximize the number of units but to make the development livable and breathable with a cottage feel. o Descriptions of bird's eye views. o Awnings (car ports), not parking garages, to keep costs low so local people can afford the homes. o Providing quality homes for an attainable price. o Key West style often surfaced in discussions with locals; hence Canary Village for the colorful pallet. o Discussed availability of larger models to buyers if requested. o Experienced local developer with a track record of community involvement and prove use of local contractors. Dwayne Randolph, General Contractor, gave his summary as a local minority builder with over 23 years' experience building multi- and single- family home communities in scattered sites throughout Palm Beach and Broward Counties. Currently building a two-story home in Boynton Beach where 80% of major-tier subcontractors are Boynton Beach businesses. This City is where he lives, works, and worships and believes in advancement opportunities. Will use this opportunity to prepare, assist, to prop up and propel the local Boynton workforce. Keturah Joseph, Executive Director of Boynton Beach CDC, gave an overview of the only non-profit affordable housing developer in Boynton Beach. Started in 1999 by a group of local residents who wanted to bring a change in the exact area being discussed now, the Heart of Boynton. For this project, intensive homebuying financial education; an educated homebuyer is a successful homebuyer. The CDC embraces this project and will do everything to make it successful. Mr. Devlin asked if the educated homebuyer is how to keep your house maintained, since the HOA maintains the exteriors. Ms. Joseph said this covers everything: financial education, get credit ready, maintain a home, keep the home, and become an educated and successful homeowner. The goal is to identify local people and start with them from scratch so by the time the houses 8 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 are ready they are ready to become homeowners (with an understanding that dues are paid to the HOA). Ms. Grcevic wonders if any lenders incentives will be given to the future buyers. Mr. Gotsman said they are not a bank, though they will facilitate by providing banks that are easy to work with for first time homeowners who might not have a lot of credit nor a lot of money. The goal is affordable housing. Ms. Joseph added that the CDC will access any assistance that available to them, for instance, down payments. This is their expertise. Mr. Hendricks asked for clarification knowing that HOA documents vary widely and one cannot assume that the exterior of the building will necessarily be maintained. Mr. Gotsman said that as a community, usually the HOA is responsible for the outside and common areas, but the only way to ensure full maintenance of the property is to maintain ownership and have a rental community. The CRA definitely wanted ownership in this location, so once the home is sold, Azur cannot constrain people to maintain them. Chair Barber opened the floor for public comment. • Susan Oyer, 140 SE 27th Way, wanted to wait to comment at the end of all the presentations. • Minister Bernard Wright, address not given, was under the impression these were rental properties and was informed this is a home ownership community, not rental. A $280,000 in the heart of Boynton Beach is not affordable for anyone in District 2 in the Heart of Boynton, which doesn't leave a ghost of a chance of getting in. This is still gentrification no matter how you look at it. As a leader in this community, no one has reached out to him. Chair Barber closed the floor to public comment. • Pulte Home Company Andrew Maxey introduced his team and then gave a PowerPoint Presentation (see attached), with highlights as follow: o Pulte manages a team of over 120 employees, locally based in Palm Beach County. o The Wapman Group has been hired to assist with land planning/ landscape architect services, local experience Seacrest Corridor. o Sophia Nelson, S.A. Nelson &Associates spearheading community outreach and local hiring effort. o Local project experience presented, especially workforce housing. o Pulte has existing vendor contract in place. o This site plan proposes 40 units, mix single-family and town homes. 9 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 o Funded 100% with company's money and do not intend to make a profit. o Proposes to pay CRA for property -- $442,000 -- in consideration for land combined with marketing fees. Aimee Carlson continued with a review of the plan: o Plan created after careful review of CRA plan and design guidelines included in the RFP. o Researched feedback from surrounding communities regarding Cottage District development. o Showed streetscape: Mix of one- and two-story units, all fee simple units, single family and townhouse. o Showed site plan: Majority of units address the street rather than being internally focused; consistent with the way neighborhoods develop over time. o Pocket park with bus shelter, off-street parking, multi-use dry detention area, large park in center. o Park and dry detention area open to the residents of the surrounding communities (eventually to be deeded to City, but maintained at HOA's costs). o No street terminating at Oyer property, buffer between to try to be respectful neighbors. o Northeast 1St Street on-street parking to provide street calming and provide additional parking for residents. o Of the 40 units, 9 will be single-family, 31 townhomes. o Architecture styles Florida Mediterranean and Florida Coastal designs to be consistent with styles identified by CRA. All homes will have 1- or 2-car garages. Mr. Maxey continued with financials. Project costs, projecting a budget of $8.4 million, 100% cash funded by Pulte as the developer. o $452.013 purchase price consideration to CRA: ■ $200,000 paid up front. ■ Back end marketing fee paid to CRA for assistance in marketing and selling individual units (3% of $252.013). o Noted additional partners to work through qualifications and other parameters. o Unique in offering lowest level sales price: 25% will be at $166,000 price point. Not just going after the top end, as reflected in the financials. o Reviewed pre-development costs and cost model. o Plan for local contractors. Two of six vendors already are within the City limits. o Ability to bring in local lenders and local trades to this project. 10 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Charisma Adams, S.A. Nelson & Associates, gave background experience with Boynton Beach's approach to community wealth building. o Developed strong data bases with local partners over past three years, including contractors, skilled and unskilled laborers. o Outreach efforts will consist of assessing local pool, then broadcasting. o Will also utilize telephone, text, door hangers, flyer distribution, fairs, digital media, and paid ads. o Plan to engage local non-profits and churches to assist with identifying buyers and capacity building of labor through training, bonding, and other available programs. o Plan to maintain regular communication with CRA, the community, and project stakeholders through meetings, site activities, and presentations. o Commitment to implement strong outreach program to create long term economic opportunities to benefit the residents and families of Boynton Beach. Mr. Devlin asked to return to the site plan and commented on the out-ward facing layout and what the houses are actually facing, is there anything to be done in the way of incentives to improve the existing properties; there is not much in the way of landscape/treescape/beautification. Discussion followed with Ms. Carlson and Mr. Simon; Ms. Grcevic added that once inside the home, the back would look out onto the greenspace in the center of the development, which is the actual living space for most families, not the front. Mr. Hendricks said this is his favorite plan, the way it engages with the neighborhood and not walled off; however, would like to see at least some small porches to facilitate this. Kudos for the amenities, greenspace, and layout. Ms. Cruz understood that the property prices start at $166,000 per unit. Mr. Maxey broke it down as follows, with average around $220,000: • 25% in $166,000 price point • 25% in $213,000 price point • 25% in $261 ,000 price point • 25% in $308,000 price point Mr. Hendricks suspects this is rightly priced for what the neighborhood is and what it will become, noting the market it hot with building and "selling like hotcakes." Ms. Gordon commented that no mention was made about HOA in this development. Ms. Carlson said there will be an HOA that will be maintaining the common areas, the park will be deeded to the City but the HOA will maintain the maintenance obligation for the park. No estimates on the cost of the HOA was available at this time, but will be kept as low as possible. 11 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Mr. Simon called for public comments, but there were none. • Ace Development Group, LLC Astrelain Josue gave a PowerPoint Presentation (see attached), with highlights as follow: o A brief history of projects along with strategic partner Emerald Construction was given, ranging from group-up multi-family, townhomes, condominiums, and retail plazas. o Vast network includes equity partners, general contractors, architects, civil engineers, along with land use attorneys working tirelessly with government agencies throughout Palm Beach County as well as the west coast of Florida. o The concept is like a blank canvas where they created a masterpiece they call Boynton Cottage Village. o The site plan shows a 73-unit residential project made up of tiny homes, one, two, and three bedroom homes. o Catering to the working class, along with families, entry-level professionals, millennials, and empty-nesters. o Detailed description of site plan including amenities. o Live/work units (aka Tiny Homes) dedicated to workforce housing; description of the concept was given. 0 25% dedicated to workforce housing. o Price ranges from $100,000 to $252,000. o Greenspace usage from the resident's vantage point along with other amenities, including pool, were described. o The project has HOA, which covers common areas and exterior of the park. o Images of floor plans were described; there will be porches. o Construction methods are modular to deliver cost-effective units. o Project financials: ■ Total development cost $16.6 million. ■ Commitment with Valley Bank and working on loan funds with other banks. ■ Equity partners range from South Florida to New York, looking to deploy capital into workforce-driven projects. o Review of development team, Emerald Construction, noting that they are dedicating 15% of local subcontractors to perform labor from Boynton Beach. Ms. Cruz asked for elaboration on property pricing. Mr. Josue said they recognize the parameter of the workforce housing program as to moderate incomes; their prices range a from a low of $100,000 up to $261 ,000. Chair Barber asked what types of incomes would be needed; Mr. Josue said looking at 100% AMI, it would be between $63,000 to $79,000 on the low end up to 12 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 $79,000 to $100,000 for the largest units. However, workforce housing would accommodate an AMI of 60-80%. Ms. Grcevic commented that part of this could be adorable, but is concerned it could go really awry with only 450 square feet, which isn't family oriented. The worry is that it could turn into AirBNB or people who are only here six months of the year, and there could be a higher HOA to maintain that. Mr. Josue said the HOAwould focus on assuring there are not short term rentals. As to the live/work units, those cater to a different type of audience, e.g., artists priced out of Delray Beach. While they typically rent, some artists do buy, and marketing is working to get artists to come in and buy; this has worked in another community. Chair Barber opened the floor for public comment. • Keturah Joseph, Boynton Beach CDC (address not given), noted that Palm Beach County for 2020, example for workforce housing is 120-140% of AMI, for a household of four, they can earn between $105,000 to $122,920 workforce income. A household of one can earn between $73,000 to $86,000. Most of the presenters tonight stressed it is workforce housing, but we are looking at the higher income range. • Susan Oyer, 140 SE 27th Way, had several questions: o How will this be evaluated? By a ranking system that goes to the commission? Evaluating some things tonight and choosing the top two or three? Mr. Simon said the CRAAB will be providing a recommendation on findings based on the proposals presented both this evening and the proposals submitted. There is not a point ranking or any type of point system. This Board is not an approval body, is it a recommendation body. Their recommendations may not even include one of the applicants, but rather an overall analysis they would like the CRA Board to consider. o Is it possible to get copies of the RFPs. No copies of the applications are available to the public at this point. o Proposal #2 and #5 have mentioned using modular homes; in the past there have been problems getting insurance for these. That may be something that needs to be considered, which may affect resale value. o Proposal #3 concern is there was not very much information given on the financing. o Concern over Proposal #5 was, while diverse, 73 units is not compatible with the neighborhood; the Commission meetings seem to be looking for compatibility and a nice transition. The density of 73 units would not be compatible. There also are bay windows, which may not be allowed under code. o Very much likes #1, #2, and #4. Chair Barber closed the floor to public comment. 13 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Chair Barber suggested this Board pursue one or two of these presentations, but perhaps the Board Members should all agree since everyone is here. Some discussion followed on the best way to accomplish this. Mr. Hendricks felt an executive summary would be nice, but since there is a transcript, the short answer is yes. Ms. Cruz suggested a chart reflecting such things as numbers of units, price ranges with those units, HOA or not, etc. Mr. Simon showed a chart already made and broken down by presenters (included in backup as an attachment). Mr. Hendricks directed the Board to page 411 of backup, Sufficiency Checklist and Staff Evaluation. General discussion followed, with Mr. Simon reminding the Board that recommendations that night would go into the Board Agenda being released the next day. The Board focused on the charts on pages 410 and 411. Mr. Simon guided the Board by stating that recommendations should be based on: • What was presented; • Qualifications of applicant; • Ability to complete the project; • Can present top two or three picks, not necessarily in order; • What was liked and why (details for what would like to be seen in end project comes later). • The CRA Board will hear the exact same presentations in the same order on Tuesday night. Mr. Hendricks suggested each Board Member rank their preferences and send to Staff and let them compile the top choices; Mr. Simon stated this is not the procedure of the RFP and must be discussed in public and this solution is not necessarily an efficient solution. Ms. Gordon stated she would like to commend all five presenters, they did an amazing job presenting their product and all have a great product to offer, thanking them for thinking of Boynton when it comes to the project. Something has to be selected, but they are all winners and have great projects. Based on the most popular styles popping in Florida and how it will look in the community, Ms. Gordon is leaning towards #1 . Ms. Grcevic stated she was leaning toward #4 and #1 as the most complimentary for the area. Of particular interest are the garages -- for storage and orderliness -- and to create a neighborhood feel. Ms. Thomas had been analyzing and looking at all the data, and concurs with Ms. Grcevic for #1 and #4 as the most family friendly aesthetics for Boynton Beach. 14 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Mr. Simon continued with guidance, noting the five criteria for RFP submission; the Board's goal is to decide who matched up best with the criteria. Ms. Nicklien added: • Who has the experience, the know-how, and the design experience to engage the citizens to accomplish the project in a timely manner? • How does it benefit the CRA, citizens, and the City overall? • Which one of these five has captured the most of these criteria? Those are the ones that should rise to the top. Mr. Devlin shared his thinking process, conceding the #1 and #4 were probably strongest in the building community; however, he felt #3 and #4 looked the best but checked off the least boxes. It makes it hard to go ahead and pick. Ms. Nicklien clarified that the most checkmarks on the chart was#4; Mr. Devlin meant to indicate Fox as the least responsive. Ms. Cruz thanked everyone for coming in and presenting. Some credit should go to Ace for seeing opportunity for others besides family units, single people who want to start with their first homes, for all people in all stages of life. That said, Ms. Cruz picked #4, Pulte Home Company LLC. Forty units is a decent number, no financing contingencies, not asking for additional tax credits, decent cost range, and an affordable HOA. Mr. Hendricks suggested going through each Board Member and get their top two preferences by name rather than number. More discussion followed, along with several attempts to draft a motion, all of which failed for lack of a second. The following are the preferences by Board Member: • Chair Barber: Boynton Beach Cottage and Pulte Homes • Mr. Devlin: Boynton Beach Cottage and Azur • Ms. Grcevic: Boynton Beach Cottage and Pulte Group • Ms. Cruz: Pulte Homes only Boynton Beach Cottage is not affordable housing; even with two incomes, that gets too close to the $300,000 range; unless they can decrease costs somehow to the consumer. • Ms. Thomas: Pulte Homes, then Azur, and third Boynton Beach Cottage • Ms. Gordon: Pulte Homes only • Mr. Hendricks: Pulte Homes and Fox Ridge Capital Chair Barber asked what was liked about Fox Ridge; Mr. Hendricks said it was the architecture and the site plan, especially the front porches as a community builder. General discussion followed; Chair Barber did note that one thing about Fox Ridge's presentation was that they did not really know Boynton Beach and were somewhat out of touch with this project. 15 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 Ms. Cruz amended her preferences as wanting Pulte Homes and added Azur equities due to their providing local employment, hiring local subcontractors, and using local minority subcontractors. Connecting with the community is important, also the prices were decent within that frame. Mr. Simon clarified that the top three are 1) Pulte Homes; 2) Boynton Beach Cottage; and 3) Azur Equities, in that order if ranking is necessary. Motion was made by Chair Barber to recommend to the CRA Board of top three, in this order, 1) Pulte Homes; 2) Boynton Beach Cottage; and 3) Azur Equities Staff with the stipulation that they consider that whatever builder chosen will build an affordable home under $240,000 and hire local subcontractors. Motion failed for lack of second. Discussion: Ms. Cruz thought perhaps a second motion should be made for the price range and other criteria. Mr. Devlin suggested not ranking them, but just submit the three. Mr. Hendricks added that the CRA Board understand the need for an affordable product and that is of the highest important. The CRA Staff wrote the RFP at the direction of the Board, so a motion is not needed to tell the CRA Board what their job is. All that is needed is the recommendations and feedback about the experience of the proposals heard. Mr. Simon explained that sales prices are less important than income ranges, along with the criteria of the RFP for low to workforce incomes, and agreed that the price does not need to be specified in the motion. Further discussion followed on low income/homeowner affordability in that community. Not every project can address all incomes at once, which was thoroughly discussed when the RFP was written. Examples and scenarios were shared by several Board Members. Motion was made by Chair Barber, seconded by Ms. Cruz, to submit to CRA Board three names, as they are, without rank as our three recommendations: Pulte Home Company; Boynton Beach Cottage District Development; and Azur. Motion failed for lack of second. In a voice vote, the motion passed unanimously (7-0). Chair Barber summarized by saying the CRA Board will be able to see who most adequately fulfilled the request and these choices made will be very clear. Mr. Devlin added that this isn't necessarily intended to be the least affordable project within the CRA, there are other ones going on. These may be a little bit more expensive than what was wanted, but admitted Azur would be a place he would want to move to. 8. CRA Board Items for CRAAdvisory Board Review and Recommendations A. Old Business -- None B. New Business -- None 16 Meeting Minutes CRA Advisory Board Boynton Beach, Florida December 3, 2020 9. Future Agenda Items -- None 10. Adjournment Upon motion duly made and seconded, in a voice vote, the motion passed unanimously (7-0) and the meeting was adjourned at 9:04 p.m. Ms. Nicklien noted that a recorded version of this meeting will be on the CRA Website at BoyntonBeachCRA.com. The CRA Board meeting is Tuesday, December 8. Attachments: PowerPoint Presentations: ■ Boynton Beach Cottage District Development, LLC ■ Fox Ridge Capital, LLC ■ Azur Equities ■ Pulte Home Company [Minutes transcribed by M. Moore, Prototype, Inc.] 17 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 PENDING ASSIGNMENTS AGENDAITEM: B.1. 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. - DF Bav,t,/rl(';anal � N Hcn NL NAI fr`,is� a� t,t,,e L^ A„. f arVn Luther Kjrl)Jr Blvd wra n`3 F” „Ftf Avr, Naim,,, «,� ; III P 01,h. 11Ao - Hal r r p i Lc. r a ,.7 �3.uid'1 Vj ti u, A `.rryti h3n sv.. L Ocea91 Ave f�. � a a a e4 i A Il .`i ro rn rr an Or cl wt '01'ITM N ,r m r " 7 h _ M ri7 ,Sry vi i r 5'k t Ocean Ridge Natural Areaa z )th X a IIV,AIv r„�Ilt ktap data @21020 G=g�-- 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 Nva *.tri rx, LY 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 p ~;rte Zoning C2 �t ilii ksf"til'�i7r;S1 �a!}f (l itt(r{�tYt EXPENSES PER SF t 3 air 1 lep {„ �i ! , ;xi ' 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 ,+ r s y �r f 433 WBBB mt . + All z .® West Boynton BeachBlvd. RA-WA) m r i s �MSknFlle +n ,:. r r trr. �, aVAr ? x,'l 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 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 CONSENT AGENDA AGENDAITEM: 11.A. SUBJECT: CRA Financial Report Period Ending December 31, 2020 SUMMARY: The following CRA monthly financial and budget reports for the period ending December 31, 2020 are presented to the CRA Board: Statement of Revenues, Expenditures and Changes in Fund Balance Report; and Budget Comparison Schedule - General Fund (Attachment 1). FISCAL IMPACT: FY2020-2021 Annual Budget CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY2020-2021 CRA Budget CRA BOARD OPTIONS: Approve the CRA's monthly financial and budget report for the period ending December 31, 2020. ATTACHMENTS: Description D Attachment I - Monthly Financial Report for Period Ending December 31, 2020 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-December 31,2020 Total Debt Service Governmental General Fund Projects Fund Fund Funds REVENUES Tax increment revenue 14,999,719 14,999,719 Marina Rent&Fuel Sales 258,287 258,287 Contributions and donations - - - Interest and other income 31,446 57,220 68 88,734 Total revenues 15,289,452 57,220 68 15,346,740 EXPENDITURES General government 818,314 - 818,314 Redevelopment projects - 2,767,423 2,767,423 Debt service: - Principal - Interest and other charges - - - Total expenditures 818,314 2,767,423 3,585,737 Excess(deficiency)of revenues over expenditures 14,471,138 (2,710,204) 68 11,761,002 OTHER FINANCING SOURCES(USES) Funds Transfers in - - Funds Transfers out Total other financing sources(uses) - - Net change in fund balances 14,471,138 (2,710,204) 68 11,761,002 Fund balances-beginning of year 3,182,928 11,040,801 116,097 14,339,826 Fund balances-end of year 17,654,066 8,330,597 116,165 26,100,828 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. 1 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Budgetary Comparison Schedule General Fund Through Year to Date -December 31, 2020 Original Budget Final Budget Actual REVENUES Tax increment revenue $ 14,852,192 $ 14,852,192 14,999,719 Marina Rent&Fuel Sales 1,000,000 1,000,000 258,287 Interest and other income - - 31,446 Other financing sources(uses) 100,000 100,000 - Total revenues 15,952,192 15,952,192 15,289,452 EXPENDITURES General government 3,883,070 3,883,070 818,314 Total expenditures 3,883,070 3,883,070 818,314 Excess of revenues over expenditures 12,069,122 12,069,122 14,471,138 OTHER FINANCING SOURCES (USES) Carryover fund balance - Transfers out (12,069,122) (12,069,122) - Total other financing sources(uses) (12,069,122) (12,069,122) - Net change in fund balances $ - $ - 14,471,138 Fund balances-beginning of year 3,182,928 Fund balances-end of year 17,654,066 The notes to the basic financial statements are an integral part of this statement. 1 > O o,R o\° o\° o\° o\° o\° o\° o\° o\° 9 o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° o\° �7 L N m o0 O M O O O O O Ln M Ln O O O to c-I o0 to O O N N m O O c-I Ln O m M O m O OO ,� m W O m O O O O O a-I N n O O O W 7 n O O O Ln N Ln O O 7 N O co m O o0 O co O I-z O M O O O O O V to M O O O 01 N l0 7 O O c i l6 7 O O W I-z O N n O c-I O N O4 O w O c-I Ln c-I m O O O to O O O M O O O O O Ln O N O O O Ln O m O O I, O }� O C/VO Il O N o1 to W M ON Lr1 Il O O O -! 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CRA BOARD OPTIONS: Approve the December 8, 2020 CRA Board Meeting Minutes ATTACHMENTS: Description D December 8, 2020 CRA Board Meeting Minutes MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD ONLINE VIA THE GOTOWEBINAR PLATFORM BOYNTON BEACH, FLORIDA ON TUESDAY, DECEMBER 8, 2020, AT 5:30 P.M. PRESENT: Steven B. Grant, Chair Mike Simon, Executive Director Ty Penserga, Vice Chair Thuy Shutt, Assistant Director Justin Katz, Board Member Tara Duhy, Board Counsel Woodrow L. Hay, Board Member Christina L. Romelus, Board Member 1. Call to Order Chair Grant called the meeting to order at 5:30 p.m. Alan Karjalainen ITS Services, read a statement explaining how the meeting would proceed and how the public could participate. 2. Invocation The Invocation was given by Susan Oyer, followed by the members reciting the Pledge of Allegiance to the Flag. 3. Roll Call A quorum was present. 4. Agenda Approval A. Additions, Deletions, Corrections to the Agenda Board Member Katz asked to move Item 15.D before Item 15.A as there are a large number of interested individuals present. There were no objections. B. Adoption of Agenda Motion Board Member Hay moved to approve the Agenda as amended. Vice Chair Penserga seconded the motion. The motion unanimously passed. 5. Legal Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Tara Duhy, CRA Legal Counsel, responded to a question posed at the last meeting regarding language in the Centennial Agreement. The Board had requested adding language prior to signing regarding additional funds. Section 19 of the agreement, which is the beginning of the funding option section, the first paragraph, last sentence was amended prior to signing, to add: "as part of its approval of the final budget, the CRA Board may, at its sole discretion, provide additional funding to purchaser to fund the addition of elements of the project, which funding purchaser shall accept and integrate into the project budget so long as the same does not affect purchaser's award of any state or federal funding." Chair Grant asked if the Board moved to provide additional funding to Centennial. Mr. Simon responded they did, but it was not an amount that was specifically identified in that discussion, but that they would come back with the cost of the items the Board wanted to include and where it would come from. Chair Grant commented the Board was dealing with the commercial aspect of the project. Attorney Duhy explained Section 20 was added and it called for a separate agreement to address those issues. Chair Grant requested Attorney Duhy apprise the Board of any legislative changes in light of the new legislature that was inaugurated. Attorney Duhy agreed. 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 Vice Chair Penserga disclosed he spoke to all parties involved in the 115 N. Federal Highway property, which was Item 15.D on the agenda. He spoke with the applicants and owners of properties in the surrounding areas including Davis Camalier and Harvey Oyer. Board Member Romelus spoke to Harvey Oyer, Davis Camalier, Bill Morrison and his team in the past. Board Member Hay spoke with Attorney Bonnie Miskel on the project. Board Member Katz spoke with a number of representatives from the various Letters of Intent (LOI) submissions for the 115 N. Federal Highway property, including Davis Camaleir, Harvey Oyer, Bill Morris and a representative from Black Onyx. Chair Grant disclosed he spoke with Tim Collins and Black Onyx, Davis Camalier and Harvey Oyer. On prior occasions, he spoke with Bradley Miller, Carl Van Amem and Bill Morris regarding their initial LOI. 7. Announcements and Awards None. 2 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Chair Grant asked if staff did anything with the Boynton Bucks program and learned it would be discussed later in the meeting. 8. Information Only A. Public Comment Log B. Public Relations Articles Associated with the CRA 9. Public Comments Susan Oyer, 140 SE 27th Way, stated the holiday lights were stunning and the City and CRA exceeded expectations. Residents wanted beautification and the Avenue looks beautiful and elegant. When she drives by in the evening, she notices scores of people strolling and taking pictures. Kim Kelly, 529 E. Ocean Avenue, thanked the Board for the promotion along Ocean Avenue, which she appreciated. She apologized for some derogatory social media posts issued by the public, but assured the Board the Ocean Avenue businesses appreciated the Board's efforts. She announced the formation of the Downtown Business Coalition for a Brighter and Better Boynton Beach. The group is comprised of about 15 Ocean Avenue businesses and was growing. They held their first meeting on December 1St and discussion centered around area development, safety, lighting, cross promotions, available marketing tools and grants, and a program by Junior Achievement to teach kids how to run a business. She contacted David Scott and John Durgan to help learn about economic development and to use City resources to create a strong businesses district. The next meeting is Monday, January 4th at Hurricane Alley, and she invited the City and CRA staff to attend and looked forward to their assistance. Board Member Hay asked about the businesses limited to Ocean Avenue and learned they encouraged City residents concerned about the downtown and surrounding businesses anywhere in the CRA District to join. Board Member Romelus asked if they will make the meetings virtual and learned they would. Board Members Romelus and Hay were interested in attending. No one else came forward. 10. CRA Advisory Board A. CRA Advisory Board Meeting Minutes - November 5, 2020 B. Pending Assignments 1. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRA Area (TABLED) 3 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Mr. Simon advised this item was tabled in light of reviewing the lengthy RFP responses for Cottage District. He thought the report would be ready in January or February. C. Reports on Pending Assignments 11. Consent Agenda A. CRA Financial Report Period Ending November 30, 2020 B. Approval of CRA Board Meeting Minutes - November 10, 2020 C. Approval of the Second Amendment to the Purchase and Development Agreement between the CRA and BZ Woods Properties, LLC aka South Florida Marine D. Approval of Commercial Rent Reimbursement Grant Program in the Amount of $21,000 for N&D Cafes, LLC d/b/a Tropical Smoothie Cafe located at 512 E. Woolbright Road E. Approval of Commercial Property Improvement Grant Program in the Amount of $50,000 for N&D Cafes, LLC d/b/a Tropical Smoothie Cafe located at 512 E. Woolbright Road F. Approval of Commercial Rent Reimbursement Grant Program in the Amount of $15,000 for Oak Mt. LLC d/b/a ApexNetwork Physical Therapy #42 located at 906 S. Federal Highway Motion Board Member Katz moved to approve the Consent Agenda. Board Member Hay seconded the motion. The motion unanimously passed. 12. Pulled Consent Agenda Items 13. CRA Projects in Progress A. CRA Economic & Business Development Grant Program Update Bonnie Nicklien, CRA Grants and Projects Manager, explained after tonight's approvals for the program, there will be a balance of $291,231 in the line item. A list of the businesses that received their Business Tax Receipt in the CRA District was included. B. Marketing, Business Promotions, and Social Media Update 4 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Rene Roberts, CRA Social Media and Communications Specialist, reviewed their social media initiatives. A list of social media posts from last month were viewed, including those highlighting some CRA businesses. The Bon Appetite Boynton Beach Campaign was launched to highlight six Boynton Beach restaurants and mixologists, which the public was invited to pick up or dine in. The prize at the end of the campaign will be valued at $150 Boynton Beach Bucks. Mercedes Coppins, Business Promotions and Events Manager, printed additional copies of the Like a Local Business Guide that was distributed to the Chamber of Commerce and will be distributed in City facilities such as City Hall and the Cultural Center. Print advertising, featuring space at the Marina and transient docking, was also published in several publications. In November, the CRA published its first blog in a five- part series featuring 17 business and artists located in the Industrial Craft District with contact information to encourage the public to shop local. They also published a blog to provide a complete overview of the Bon Appetite Boynton Beach campaign. Information was included on each of the six participating businesses, how to win one of six prizes, as well as a digital cookbook and a selection of Boynton Beach Bucks promotional vouchers for each participating restaurant. Boynton Beach Bucks is a promotional campaign in 20/21 to encourage patronage of CRA businesses. It has different tiers and different contacts. One is the Bon Appetite campaign. Social media followers enter a drawing to win promotional vouchers to each business. There are six businesses that offer $25 vouchers that can be redeemed towards a purchase. Board Member Romelus hoped business owners would capitalize on the program. Ms. Coppins reported all were excited about it. Board Member Romelus requested a short summary of the program be sent to her. Ms. Coppin agreed and offered to contact any businesses Board Member Romelus thought may be interested in the program. 14. Public Hearing 15. Old Business (Item D heard out of order) D. Discussion and Consideration of Letters of Intent to Purchase the CRA owned Property Located at 115 N. Federal Highway Mr. Simon explained on August 4 2020, the CRA received its first Letter of Intent (LOI) for the property at 115 N Federal Highway. It was presented to the Board at the August 11th meeting and a lengthy discussion ensued between the Board and the proposer which was Ocean Avenue Residences and Shops LLC regarding the project. It was decided the Board would issue a 90-day public notice of their Intent to Dispose, which was 60 days longer then legally required, and it would alert other members of the development community that the property was available and there was interest in 5 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 disposing of the property. The Public Notice period ended November 16th. Prior to the November meeting, staff had not received any other written I-Ols, but after the CRA November meeting, staff received four additional I-Ols as follows: on November 9th, the CRA received a letter from E21- Real Estate Solutions, LLC; November 16th from D&H 2 LLC; on November 18th, the CRA received a letter from Black Onyx Capital LLC; and on November 3011, received a letter from 209 N Federal LLC. The Unsolicited Letter of Intent Policy is that if, during the public notice period, a second LOI is received, the Board could determine options, consider an RFP, accept one of the I-Ols and move to negotiation, or reject all I-Ols presented during the public notice time period. Mr. Simon advised this was the policy the Board established, but they do not have to follow it. The options are since the Board received information from other parties, staff can discuss an RFP or they assist the Board in the analysis of these LOIs. Chair Grant asked if they should issue an RFQ to get the best development team rather than the best development project, so the Board will have more of a say of what is built as would the residents and businesses. Mr. Simon explained with most RFPs, unless it is a straight up construction project, staff qualifies it in a broader sense as an RFP for all vocations. The Board is notifying the development community of the Board's intent to dispose and in what they would like to see return in the form of a proposal but also asking for qualifications that would not be contained in a LOI, which staff could accommodate. Attorney Duhy explained it was up to the Board how much or how little direction to give in the RFP. It could ask for developer qualifications or describe elements of the project. The Board could request all types of information about what they want people to respond to. Board Member Katz agreed. He was not comfortable subjectively picking just one proposer. The City has not laid eyes on some of the proposals and he would not mind having City input. It is a CRA project and Planning and Development would be involved. He requested tabling the item to the January meeting so they can provide guidance to CRA staff for their expertise in crafting an RFP or RFQ. He wanted to formalize the process and offered a motion to table to January with the express plan. Attorney Duhy explained the agenda item is about what to do with the LOI. She understood the Board was rejecting the LOI and directing staff to bring back a concept to go to RFP in February. If so, there were two separate items. Board Member Katz agreed and suggested targeting the January or February meeting for staff to provide input. Chair Grant thought, because they got so many I-Ols, it would be prudent to reject them all, and give direction to CRA staff to work with City and County staff to determine what the City and County would want for this area. He thought they should get a report and then issue an RFP so their partners would know what to look for. They can contact the Downtown Business Coalition for a Better and Brighter Boynton Beach. This is a bookend to the Town Square project. He did not feel there was a rush. They will have 39 new parking spaces at the temporary Library site and he was comfortable 6 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 discussing this in 2021 to determine what to do with the parcel knowing if they decide in the spring, they will know what will happen by the end of 2021. Chair Grant requested a motion to reject all of the I-Ols. Board Member Katz agreed with Chair Grant pending further Board input. He agreed with input and collaboration with the City, but emphasized when the City gets involved, they will need to understand it is a CRA project with the Executive Director taking the lead. Vice Chair Penserga agreed. It is a strategic intersection and he had no objection delaying the item to get the best possible project. He wanted all to be mindful of the property across the street and he would support if there was a way for them to be part of the growth and build a complex of buildings. The development would be a beacon. Board Member Romelus agreed with all comments. Board Member Hay agreed, but had mixed emotions. He wanted to ensure they get it right and thought February would be a better time as there are several parties interested in the project including Ms. Kelly's group. Mr. Simon thought February would be a good meeting to have a formal discussion. Meanwhile staff will gather information, review the elements of the RFP/RFQ and not have a skeleton document to be released at the March meeting. Staff could provide an update at the January meeting. Chair Grant opened Public Comment. Ms. Oyer looked over the project and was surprised how wonderful the proposals were and thought the Board should look at combining some of the elements. They have a food desert which should be incorporated. E21- has a pathway kind of system similar to what you see in Europe, incorporating and renovating old buildings. She was blown away by the Black Onyx concept and the attraction it would bring to the City. She would combine them all. She announced those she spoke to indicated they did not want more housing, they need jobs. She advised they do not have a gift store. She thought all the projects were great. Ms. Kelly commented she has been a strong voice for the property at 115 N Federal Highway, and she was speechless. She liked where the conversation was going and announced a lot of people are interested in the property. She thought a few months delay was fine. As for the RFP/RFQ they look forward to meeting with them and she appreciated the Board not making hasty decisions. No one else came forward. 7 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Chair Grant requested a motion to reject all LOIs and direct staff to partner with the City and County to determine any government needs associated with the project at that site. Motion Board Member Hay so moved. Vice Chair Penserga seconded the motion. The motion unanimously passed. Chair Grant thanked all who submitted LOIs. It was noted there was a comment received by Phillip Lewis who wrote he would like to see more housing. A. Discussion and Consideration of the Responses to the RFP/RFQ for the Cottage District Infill Housing Redevelopment Project Development Proposals Mr. Simon provided the history of the properties. He noted this was the CRA's sixth RFP for the property and five proposals were received by the deadline. The CRA Advisory Board reviewed all the proposals. It was noted Fox Ridge Capital withdrew their proposal and they praised their competitors as they are all capable of building the project. The developers who responded most favorably to the RFP with the experience, capability and finances to complete the project were listed based on the date and time the Responses were received. Chair Grant wanted to presentations from the applicants. He noted they have the CRA Advisory Board recommendations and the Board could ask questions at the end of each presentation. Motion Board Member Hay moved to remove Fox Ridge Capital as a Respondent for the Cottage District. Vice Chair Penserga seconded the motion. The motion unanimously passed. Cottages at Seacrest - Boynton Beach Cottage District Development LLC. Farrell Tiller gave a presentation and explained they combined three firms for the project and have been working together for many years. Gary Smiegel gave an update since their presentation to the CRA Advisory Board. He reviewed prior projects in Riviera Beach. They partnered with the Oyer family to obtain property for the project, thereby squaring off the property. They are self-financing the project and feel they can develop a project all can be proud of. Nicholis Heine reviewed the project elevations. A list of projects they developed in West Palm Beach was viewed as well as remodeling projects. He noted the development is close to Downtown Boynton Beach, the beaches 8 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 and 1-95. A site plan was viewed which included a tot lot and playground. They would like to incorporate a HALO program to beautify adjacent homes in the area. They will install solar panel lights on the exterior of the property to light the area and reduce the carbon footprint. He reviewed the different housing styles and floor plans. Chris Heine, Jr., reviewed the sales information. They have the experience to put the plans together. The pricing is well under 140% of the Low to Moderate Income category. They can discuss the site plan from design through layout. They handle print marketing and use mailers to the local community. He noted 70% of buyers are coming out of rentals and out of county residents due to very low interest rates; however, the development is pointed towards Boynton residents becoming homeowners. They want the homes to be affordable and high quality. They anticipate they will sell out as they break ground. Rates can change, but they are optimistic rates will remain low. Nick Heine reviewed the proforma and announced they are self-funding. It will be built and sold within two years. Mr. Tiller spoke about the economic impact and the software they use called In- plan for Simple TIF Calculations. Based on the $11.5 million project, they expect $1.4 million in TIF generated to the CRA in 10 years and just over $4M in TIF until it sunsets in 2044. They expect 127 construction jobs to be created and an economic impact of just under $20 million during construction. Tax generation is $2.2 million and more than $1 million in new net spending. The increased households will support local CRA businesses. As local builders, they strive to hire only local subs and builders and they are committed to maximizing local Boynton subs and labor. They will use a minimum of 10% local Boynton subs and work with CRA for specific job fairs for the project. They are a very local company and have the ability to move fast. They want to listen to the local community, are happy to bid and work on the project, and hope to work with the Board. Vice Chair Penserga asked about the Riviera Cove project, which was subsequently sold to DR Horton. They worked with Riviera Beach and the CRA to get the project approved and developed, and then they sold the project. Mr. Heine explained the worked very closely with DR Horton who was building the project and then they sold to them. They will not sell this project. The overall project was good for the City. Vice Chair Penserga inquired about the status of acquiring the Oyer property to square off the site and learned they have the option to purchase. Chair Grant noted if they purchased the Oyer property, the site plan may change and the Board may request final approval. He asked if there are subsequent adjacent property owners looking to sell to expand the project site, if they would be interested in developing those properties and learned they would. Board Member Hay asked if they purchased the Oyer property and they are not selected to develop the project, if they would sell it or hold on to it. Mr. Heine did not know. He advised if they were not awarded the project, they may not have interest in the Oyer property. Fox Ridge LLC was removed from presenting as they withdrew their application. 9 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Azur Equities, LLC — Canary Village Frank Gotsman introduced Keturah Joseph, Dwayne Randolf, and Bradley Miller and explained they started with an unsolicited proposal. There would be 12 single- family homes, twenty-seven townhomes and over 1 OK square feet of public park. They just finalized an agreement with CRA in West Palm Beach on a five-acre property with 350 residents and 60K feet of retail. They are redeveloping the Town Center in Davie and four residential buildings and working with Miami Gardens redeveloping the entire 35-acre property next to city hall. They are also developing 120 townhomes with the Pompano CRA and provided a history of their building projects. The site plan they worked with was changed from a rental development to accommodate homeownership. For this project, they will try to have a Key West style. They added extra parking and a park on the property would be donated back to the City. The townhomes are 1,500 square feet with garages and patios. The street view of the homes was viewed. They would develop local partnerships and are already in the community. There will be job fairs and apprenticeships. Mr. Randolf, General Contractor at Randolf Construction Group, explained they are a local minority builder with 23 years of experience. They build multi and single-family homes on scattered sites in Palm Beach County and are currently building a two-story custom build not far from the new City Hall. Eighty percent of the subs are from Boynton Beach. Renovations are also with Boynton Beach subs. He grew up, works and worships in Boynton Beach. He would like to work with Azur and they believe in local employment and advancement, mentorship programs and they will use the opportunity to fortify the local Boynton work force. Mr. Gotsman explained they also work with community relations and with Keturah Joseph in Boynton Beach to ensure people are aware and have the opportunity to join and become homeowners. They want to involve local people and facilitate their ownerships. Ms. Joseph, Boynton Beach Faith Based CDC, explained they were founded in Boynton by local concerned citizens who wanted to improve the community. They started in 1999. They are the only affordable housing developer in Boynton Beach. She worked with the CRA and the City and they are finishing up a project by Poinciana Elementary School with Habitat for Humanity. They believe in the development and their concept of involving community residents. Their role will be to ensure Boynton Beach residents have access to those homes. They do not want gentrification. They provide intensive homebuyer education and they walk them through the down payment process. Chair Grant inquired if the firm has the financial ability to develop other parcels and learned it was a possibility. He was open to any properties that may become available while working on this project. Pulte Group 10 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Andrew Maxey, Vice President, Pulte Homes, explained they are a local builder in Palm Beach County . They employ 120 people. He introduced his team: Aimee Carlson, Director of Land Planning, Brent Baker and Patrick Gonzales. . The management team has 60 years of real estate and homebuilding experience and a local team of consultants to navigate through the project. They engaged WGI, a full-service consulting firm that handled the Sara Sims Master Plan and Seacrest Corridor Utility project. Sophie Nelson and Lisa Adams, of the Pulte Team, will handle community outreach and local hiring They handled the same for the Town Square project. Mr. Maxey explained they are mostly a market builder, but they have handled some of the County's affordable housing developments. They made a commitment to be a leader and provide needed affordable housing; Mary Place, a new workforce housing project in partnership with the West Palm Beach Housing Authority. He advised they are targeting the lowest two income categories and will build homes all under $200K. They will have their first closing on the project early next year. Pulte pays all cash for acquisition and construction, so there will be no subsidies. They were not intending to use TIF, nor will they ask any future buyers to have any additional tax burden. Their project is offering to sell units in all four income categories. There will be 10 units sold for $166K. The median new home price for new homes is about $400K. They propose to pay about $452K for the property in two payments. The first payment of$200K at time of purchase and the balance will be in the form of a marketing fee. They have a commitment to hire locally and they already have existing relationships with local contractors. Aimee Carlson explained they created a plan after reviewing the CRA Plan, the RFP and the community feedback, which consisted of detached and attached single-family homes with a mix of one and two-story, fee-simple units. The streetscape from NE 1St and the proposed site plan was viewed, which included a park open to the public and a walking path. They will form a HOA and the park will be deeded to the City. The south side has detached single-family homes fronting NE 1St and NE 4th Avenue. There will be on-street parking on 4th Street with a new sidewalk on the perimeter of the building. There are a few parcels not included in the site. Their plan provides open space or a buffer, and based on research, the surrounding community wants development to be responsive to the community and to orient the units to the existing outside world. They were inspired by the CRA plan and have two different architectural styles, which are a Florida Mediterranean style and a Florida Coastal style. All homes will be energy efficient. The floor plans are consumer driven. The project budget is $8.4 million. It is a net zero profit project for Pulte. Their total revenue from sales will equal their costs. They are able to build the homes because they have market rate projects and they are fulfilling an obligation. Pulte will pay $450K to the CRA and $252K is paid on the back end. There will be a three percent marketing fee associated with each unit, which is a fee paid to the CRA for the marketing and sales of the property. Pulte will use all the marketing tools they have, but they want to partner with the CRA to attract buyers who fit the affordable housing AMI category. They will partner with Palm Beach County Housing and Economic Sustainability to vet 11 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 qualified buyers. The costs were viewed. They are not looking for tax impact fees, tax credits or subsidies. They will sell the units equally in all four income categories. They have a focus on local hiring and already have six subcontractors that are current Pulte vendors; two of them in the CRA. There will be a large percentage of contractors based in Boynton Beach and they will reach out to local minority-owned businesses to include them in the project. Theresa Adams explained they understand the City's commitment to community through their prior work in the City over the last three years and why they will have robust community engagement and outreach programs. They have developed a strong database of local partners, contractors and skilled and unskilled laborers. Their outreach efforts will consist of local Small Business Enterprises and Women and Minority Owned Businesses and broadcasting through various marketing tools. They will engage with local non-profits and churches to identify laborers and prospective buyers via community meetings to bridge any capacity deficits. Chair Grant asked what flexibility Pulte had to change their site plans if other properties were added. Mr. Maxey explained they can make a deal and incorporate the parcels into the plan. They have the flexibility to change the project and design. ACE Dev Group, Boynton Cottage Village. There was no one present to make a presentation. Chair Grant thought the project exceeded the current zoning of the Cottage District and expressed he liked to see all the options. Board Member Romelus commented if the last project did not fit the zoning they should not be considered. Chair Grant opened the floor to the public for non-applicants to make comments. He explained they usually rank the proposals 1, 2 3, and 4, and whoever has the lowest number is awarded. Attorney Duhy suggested having each board member discuss the proposals and after each Board Member has commented, they can make a motion. Board Member Romelus asked if the RFP/RFQ required the Respondents to make a presentation before the Board and learned they were all notified it was a process they would subject themselves to. All respondents were notified to attend and provided with the link and the agenda. Board Member Hay asked if the Respondent made a presentation to the CRA Advisory Board and learned they did. Their recommendation was contained on the agenda cover. ACE Development Group was not ranked in the top three as was Foxwood by the CRA, and perhaps why ACE was not present. Lois Smith liked the first presentation but noted there was no mention of the price of the homes and they mentioned a tax would be a financial burden. She asked who would be burdened with the tax. Her next question pertained to the HALO program 12 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 where they take nearby homes and upgrade them during redevelopment. She wanted to know more about the program and how much the HOA fees Pulte mentioned were and if they were monthly fees. Barbara Ready, 3001 Via Bay, thought the RFP was not clear whether they were looking for workforce or affordable housing. Ms. Ready thought workforce housing was better as those homeowners would be better able to financially contribute to the City's tax base and it was preferable to improve the City's image and attract new businesses to the downtown. She found the Boynton Beach Cottage District proposal to be the most beneficial for that neighborhood with its green space. The original intent of the CRA for the Cottage District was to embrace historic homes and she thought the photos were beautiful and the homes were more desirable. Board Member Romelus commented it bothered her when people try to pigeon hole people into thinking that affordable housing is better than workforce housing and thought it was prejudicial thinking. Affordable versus workforce housing was all housing, the only difference is where on the financial spectrum the applicants were. Chair Grant commented affordable housing means a lot of different things and commented they are all adjectives and people create their own perception of what they mean. The idea is that all people have access to homes. Board Member Romelus explained if she was wrong in her interpretation of what Chair Grant said, she would accept it, but she wanted to put her comments on the record. Chair Grant thanked each respondent for their presentation and thanked the CRA Advisory Board for their review. He wanted to consider the Advisory Board's top three candidates. The Boynton Beach Cottage District offered quite a bit and he was not as pleased with the other proposals because they did not offer two-story townhomes that would provide a greater house and tax base, which made the homes more affordable. He liked that they worked with adjacent property owners to secure more land and he was fine with subsidizing the development to make it affordable for the workforce. He liked Azur Equities, but he was not happy with the carport versus a garage. A garage is a multi-use space and they are used for storage as well as parking. He noted they were requesting funds from the CRA and he ranked them third. As to the Pulte homes, they have something they need regarding building workforce housing in Palm Beach County. They are giving the CRA the best price point for future residents because they are allowing all income categories to move into that location. He liked the design, but one concern was their flexibility working with adjacent property owners and the HALO program. Mr. Maxey explained the association would run the property and they would keep the rates as low as possible. He did not want to commit to a number, but the goal was to keep it under $100 a month. Chair Grant asked for pricing and tax information about the Boynton Beach Cottage District and the HALO program and learned the prices in the RFP ranged in the mid to high $200Ks. They meet the 140% Area Median Income 13 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 requirement, but they are flexible. They want to work with CRA to find a price point that works. He clarified there was no tax burden on the homeowner; the comment was about TIF. They would like to partner with the CRA for regarding the HALO program to make exterior improvements to surrounding homes. Chair Grant asked if they will have a homeowner's association. Nicholas Heine responded, originally, they did not propose a HOA, but they are flexible and whatever HOA fees there are, they could incorporate them into a normal payment. He also thought the HOA would create jobs. Mr. Tiller explained they did not propose a HOA because they looked at surrounding neighborhoods and they did not have one. They wanted to treat the project like the rest of the area. If the CRA wants a HOA, they can create one. Vice Chair Penserga agreed with the CRA Advisory Board and ranked the firms first to last as Pulte, the Boynton Beach Cottage District and then Azur. He liked Pulte Homes. Pulte does not require any CRA funding assistance, money or the land to be donated and they are paying above the appraised value, which would free up CRA funds for other projects, plus Pulte has experience in affordable housing. Board Member Romelus noted Azur and Pulte both have Sophia Nelson as a partner. It was explained the firms could have multiple partners. She ranked from first to last Azur, Boynton Beach Faith Based CDC as second and Pulte third. She thought there was more community involvement with Azur and they had a fixed price point. They have inclusion of the Boynton Beach Faith Based CDC and a local general contractor. She was comfortable with the price point, but would like to see it slightly lower. For the last 20 years, the property needed to be developed. She wanted an agency to build a quality project and do it well. The CRA Advisory Board ranked the top three as Pulte, the Cottage District and third was Azur. Board Member Hay ranked the Boynton Beach Cottage District as his first choice. He liked the design, what they built in Delray Beach, that they are pursuing additional property from the Oyer's, and that they are local and use a local workforce. His second choice was Pulte and third was Azur. He was concerned about irrigation and groundwater surface runoff, but liked the solar elements of the development and that they would use at least a 10% local workforce. Board Member Katz favored townhomes as they offered more space in the same footprint. He noted whoever is accepted does not have to do exactly what they said. He asked if the Boynton Beach Cottage District could incorporate townhouses in their plan. Nicholas Heine responded they were flexible for a one-story versus a two-story home. He thought a one-story home was easier and efficient, but was flexible. Board Member Katz announced he would rank the Cottage District as long as they are willing to incorporate two-story townhomes. He ranked Pulte second and Azur third. 14 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Chair Grant thought all the developers would add benefits to the City. The main thing for his support with the Boynton Beach Cottage District was their willingness to work with property owners. They are fully self-financing, which will add a benefit. He agreed with Board Member Romelus and would like to work with TIF to improve the property as they only have one chance to build. Chair Grant explained the total ranking was the Cottage District scored 7, Pulte scored a 10 and Azur scored 13. The lowest score was the winner which was the Boynton Beach Cottage District. Chair Grant requested a motion to accept the rankings as stated subject to legal approval. Vice Chair Penserga asked about attachment 10. Mr. Simon commented in addition to the donation of the land, they requested half a million dollars and utility impact fee credits. Vice Chair Penserga asked how would they provide the funds. Mr. Simon explained the CRA Board in FY 20/21 allocated $385,325K for the Cottage District to assist with the project. The CRA would fund the project after the fact and made up for in the following year. It would come from TIF annual revenue. He also noted the CRA has no ability to offset utility impact fees. Motion Board Member Katz moved to approve. Board Member Hay seconded the motion. The motion passed 4-1 (Vice Chair Penserga dissenting.) Chair Grant requested that Mr. Simon, before the CRA negotiates a contract, to find out what the applicant was willing to change based on the Board's recommendation for two story townhomes and what they are doing with additional land from the Oyer's. Mr. Simon thought it was appropriate to provide an opportunity for the applicant to adjust their plans based on the Board's comments at the January or February meeting. Chair Grant recessed the meeting for a short break at 8:16 p.m. and reconvened the meeting at 8:22 p.m. B. Consideration of Letters of Intents for the CRA Owned Property located at 1102-1110 N. Federal Highway Thuy Shutt, Assistant CRA Director, gave a brief history of the properties as contained in the agenda item. A LOI was received from WPBR Radio who was interested in the property. A Notice of Intent to Dispose was issued, but a second LOI from BDH Consulting was received. A second adjacent parcel became available and WPBR and BDH Consulting worked together on a plan to construct a building with each firm to occupy half of the building; however, a third LOI from Fish Depot owner Tim Collins was received who was looking to relocate his restaurant to the site. A copy of their proposals were included in the agenda item. 15 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Sam Rogatinsky representing WPBR and Deris Bardales, BDH Consulting Group, were present. The CRA learned $342,100K was the new appraised price for the properties. Mr. Collins offered $500K for both properties to convert the existing building to a cafe. It will be financed by a private investor and/or long-term SBA funding with CRA Grants for the initial improvements to the building. The project timeline was not indicated in his Letter of Interest. Since the last meeting, it was suggested, since both properties were available, that they bind the lots and build a 3K square foot building with a shared wall separating the units and have parking in the back, similar to a condominium building. Mr. Rogatinsky and Mr. Bardales met and agreed they should combine the land and construct a building. It was mentioned they met with a condominium lawyer since they have to file condominium documents, and with two architects and a general contractor. The condo association will be called the Boynton Beach Office Condominium. They presented a total value offer of$200K with $105K in cash and the remainder via in-kind services. The radio station will contribute $55K plus advertise trades for $45K, and BDH was $55K and professional services in the amount of $50K. The City or CRA can use their services in any way they want. Their listening community in Palm Beach County is vast and their station could help CRA District businesses and increase foot traffic and that was their offer to the CRA. The new entity has the cash on hand to close and complete the transaction immediately. Mr. Bardales explained they are further ahead with the proposed development and have preliminary engineering plans and they are available and welcome to meet with them. The plans meet zoning and engineering requirements, and should not take too long to be permitted through the City. They are looking for a place to continue their business in Boynton Beach. Mr. Rogatinsky had mentioned he will hire eight more people, and he is planning to do the same. He wants the office because he is pursuing federal certification called a Hot Zone Area within the CRA, which is historically unused. Part of the certification says two-thirds of the employees have to be Boynton Beach residents. He announced they can close in two weeks, then submit the permit application to the City. He thought the plans should be approved in three months and then move to construction. He has been in the City for 17 years. Board Member Romelus commented she was thoroughly impressed with the two applicants working together. Tim Collins, Fish Depot owner, explained they are currently in the building across the street at 1022 N. Federal Highway. He wanted to buy the building from the landlord, but the price they wanted was too high. They have been looking at the property for seven years and has been at his location for the same. They want to incorporate a fish market and cafe in the existing building across the street with a patio on the north side of the building back with a roof cover and outdoor seating area. He noted there is a food desert and the business would be a vibrant new property with hurricane impact windows and roof. The flower shop would provide parking. An SBA lender approached them and 16 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 they have to adjust their paperwork and business plan. There are two different contractors in his family who could bring in local subs. The Fish Market would have five employees and the caf6 would have about five to seven employees. There was no timeline in his LOI because he was unsure how long it would take to go through the process. He would move at the end of his term with the landlord. He would like to keep the new location as close as possible and they would build something beautiful. They would only request grants for the indoor/outdoor improvements. He could provide an update at the end of January or at least by the February CRA meeting. Chair Grant noted the policy indicates when there are two LOI's, they are supposed to issue an RFP, but thought the small scale of the project did not warrant doing so. He noted one offer required substantial cash to purchase the building versus another offer that provides in kind services at 20% of what the other offer was. One can close in January, and the other can close in February. He thought the $500K offer was substantially more and would create more jobs. Mr. Simon requested clarification. The LOI from Mr. Collins specified an acquisition price of $500K, but the request for funding from the CRA was $250K to $300K. In the past, the Board looked at the net versus the purchase price. The estimate for $300K was the estimate to rehab the existing property. Mr. Collins was only requesting the standard grants from the CRA. The SBA Administration would provide funds for the purchase and renovation. They would lump it together and pay over a 25 to 27-year amortization period, which was fine. Board Member Katz supported the Fish Depot LOI because the business was an active use. Board Member Hay supported the two other businesses. He thought the marketing and in-kind services would really help the CRA businesses and liked the camaraderie created between the two businesses. Board Member Romelus agreed with Board Member Hay. The Fish Depot could find another location. Vice Chair Penserga agreed with Board Members Romelus and Hay and wanted to move forward with the initial applicant. Chair Grant thought more of the in-kind services offer was around $200K vs the Fish Depot $500K offer. If they sell the property at below market value, it does not help future sales. He wanted an extra $50K each for in-kind services. Board Member Romelus queried what guarantee or proforma from the Fish Depot showed they have the ability to pay $500K. Chair Grant responded both parties stated they would provide a proforma and stated they would if selected. He understood the majority of going with the initial party, but he felt Fish Depot was the best fit for the CRA. 17 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Mr. Rogatinsky explained someone can offer $500K and attempt to obtain an SBA loan, but those loans take anywhere from six months to a year. He advised when attempting to purchase a building, it is an entirely different story. They can close on Monday with cash and within two weeks, they can provide proof of funds to construct the building from either a bank or investor. Mr. Collins explained the SBA loan was just one option for him. He was working with a large investor. He wants to buy the property for $200K and could do so in a week, but he would like to keep the Fish Depot in Boynton Beach. They will only be at that location for another six months and are trying to stay at the same intersection as the business has been there since 1992. Mr. Bardales advised he spoke with Mr. Rogatinsky and they both agreed they could offer another $50K each of in-kind services from WPBR and BDH Consulting if they can close the deal. Motion Board Member Romelus moved to accept the LOI from WPBR and BDH Consulting for an additional $50K of in-kind services each for a total of $100K each and whatever amount of hard cash for the LOI. Board Member Hay seconded the motion. The motion unanimously passed. C. Purchase and Development Agreement Status on Ocean One Boynton, LLC Attorney Duhy explained at the last meeting, an update was requested how the Board would move forward regarding this property in regard to the TIF agreement, Last year, the agreement would have terminated because completion of construction was not started in the appropriate time and the termination date was extended to January 15, 2020. The developer failed to commence construction of Phase I improvements and the agreement will terminate unless the Board takes other actions on January 15, 2020. The Purchase and the Development Agreement was not amended last year. The development timeline they are in calls for construction to have commenced on January 16, 2020. That has not occurred and per the agreement, commencement of the public plaza needs to comments on January 16, 2020. If the developer does not have a permit pulled and paid for by January 17t", the developer is in default Chair Grant thought all the members had spoken with Mr. Camalier and supported working with him on a new TIF agreement for the Boardwalk property as he mentioned the cost of the parking garage hindered him from building. As they move forward for the holiday season, they should renegotiate and indicate what they would like to see. He asked if the developer was still required to build the plaza in accordance with the special warranty deed if they obtained a permit and started excavating by January 16, 2021. Attorney Duhy explained if they received a building permit and met the terms and 18 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 definition of commencement of construction in paragraph 18.2 in the Purchase and Development agreement, which read, "The City has approved purchasers site plan and purchaser agreed to diligently and continuously pursue approval of all other necessary approvals for the first building permit has been issued for the development project, purchaser agrees to commence construction of the development project within two years from the effective date of the TIF agreement." When the first building permit is issued, purchaser agrees to diligently commence to proceed to completion of construction. She thought there was some language in the Agreement they would need to a bit more than getting a permit at the last moment and sticking a shovel in the ground. She thought commencement of the construction of the Plaza should start, per the agreement, January 16, 2021. Commencement of construction of the plaza has to commence January 16, 2021. The Board extended the termination date of the TIF. The Purchase and Development Agreement was different. He suggested the CRA have a discussion with Mr. Camalier about what they feel is in the best interests of Boynton Beach. Chair Grant requested a motion for CRA staff to set up a meeting and at next meeting they discuss what they can do to work together on the Boardwalk and Ocean One properties to further development for the future. Attorney Duhy explained a motion was not necessary, but staff could be directed to contact the developer and let them know they should appear at the January 12, 2021 meeting. Board Member Romelus was unsure how productive the discussion would be five days before a breach may occur. She thought having a report submitted to the Board beforehand would be helpful. Chair Grant did not want to move forward in February with a default letter, or at the Tuesday meeting, give direction to Legal to issue a letter on January 18, 2021. He wanted to speak to the developer and reach a new consensus. He noted the TIF agreement expires on January 16th. He thought a new TIF Agreement should be discussed or what to do, because there would not be a project without that agreement. He requested direction from CRA staff to renegotiate on the 12'"otherwise there would be a default on the 18th. He thought there should be a group discussion. Board Member Romelus wanted a written status report delivered by Mr. Simon and Attorney Duhy at the T-minus 30-day mark rather than waiting until four days before the contract expires. Attorney Bonnie Miskel, representing the developer, explained they are happy to provide a report with a status update and to meet with staff to explain where they are and where they need to be so that by the 12t", they will have something to look at ahead of time. There was agreement Attorney Miskel will forward a report. Mr. Simon explained he was unsure if the Board was aware the developer was requesting an amendment to the Purchase and Development agreement and extension of the TIF. At the moment they do not have a request for those extensions, but was prepared to offer them. He thought it may be helpful if the developer indicated in writing 19 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 he is requesting the amendment or extension. Attorney Miskel explained they will provide a detailed summary of what they were requesting in their status update. D. Discussion and Consideration of Letters of Intent to Purchase the CRA owned Property Located at 115 N. Federal Highway (This item was discussed earlier in the meeting) 16. New Business A. Discussion and Consideration of a Tax Deed Sale for the Vacant Lot located at 514 NW 11th Avenue Mr. Simon explained the above property was identified by CRA staff as a potential property to acquire for affordable housing via a Tax Deed sale. The property currently has liens on it, and could be purchased for $6,112.96. The appraisal shows the property, which had a structure on it that was demolished, was valued at $27K as a vacant lot. There was confirmation from Habitat for Humanity that the lot was suitable for a home. As for the liens, he spoke with the City Manager and Adam Temple, Community Standards Director and learned a substantial amount of the liens could be reduced if the CRA purchased the property for affordable housing. The municipal lien of just under $1 OK must be paid plus the acquisition costs. When they establish the amount to bid, they have to put down 5%. The maximum bid amount decided on was $240K. He thought $40K to $50K was appropriate. Vice Chair Penserga agreed to a maximum cost of $50K. Motion Board Member Romelus moved to approve a maximum purchase price of $50K. Board Member Hay seconded the motion. The motion unanimously passed. Chair Grant thought there were lands available for sale on the Clerk and Comptroller's website. He advised he will forward the information to Mr. Simon to bring back to the next meeting. 17. Future Agenda Items Chair Grant thought there were lands available for sale on the Clerk and Comptroller's website. He advised he will forward the information to Mr. Simon to bring back to the next meeting. Chair Grant wanted a future agenda item and noted the City created its own Parking Department and they do not want private development to own parking garages because they would not be able to regulate them. He wanted the CRA Board to help create a parking authority and look at the parking at 115 to find a low user charge, such as $1.50 per 24 hours. He wanted to stop people from parking on the Florida East Coast (FEC) 20 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 property and asked for the Board's input. Board Member Romelus was okay to discuss it. Chair Grant thought, similar to the Palm Beach Parking Authority, in order for the City to generate funds, the CRA could partner with the City, through an ILA, to create a parking authority with a parking department to help generate funds to pay off a revenue bond that can be used for future mixed-use developments in the CRA that may require a parking garage. The conversation was to see if they are legally allowed to have an Interlocal Agreement with the City to have their parking department charge on their spaces. Vice Chair Penserga asked if the proposal could be used to fund multiple parking garages. Chair Grant responded it was. If they help the City generate revenue, they can obtain a revenue bond. Chair Grant thought if this was done incrementally at 115, and they charge $2, it was something the City and CRA would benefit from as they can market the location and help create valet parking. He thought it was something to add to the downtown if they have too many people coming, they would have to do something. Mr. Simon explained when the City rolled out their app, that discussion was had immediately. Board Member Romelus wanted to add a discussion creating some type of program or process to ensure, or at least create a priority for people who live in Boynton Beach, to have access to affordable housing. Chair Grant wanted to ensure there was no city or state law they would violate. Board Member Hay asked if Board Member Romelus was looking to add this to an RFP. She was unsure and thought they could explore different avenues. She wanted it to be part of the Cottage District. Board Member Hay did not want to add additional requirements after the fact. A. MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project Update B. Discussion Regarding Prevailing Wage, Benefits and Apprenticeship Policies for CRA Procurement and Requests for Proposals C. Consideration of an Interlocal Agreement between the City and CRA for Funding Portions of Veteran's Park Parking Project D. Sara Sims Park Amphitheater Plans E. Consideration of an Interlocal Agreement with the City of Boynton Beach for the Historic Woman's Club of Boynton Beach located at 1010 S. Federal Highway 18. Adjournment There was no further business before the Board. 21 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 Mr. Karjalainen explained how the public could access the video. The meeting was adjourned at 9:43 p.m. Catherine Cherry Minutes Specialist 22 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 CRA PROJECTS IN PROGRESS AGENDAITEM: 13.A. SUBJECT: Marketing, Business Promotions, and Social Media Update SUMMARY: Throughout the month of December, the BBCRA Business Promotions and Social Media team focused on producing content and creative for a combination of print, video, and other digital marketing efforts to promote and support local BBCRA area businesses. Please see Attachment I for an overview of monthly initiatives. SOCIAL MEDIA INITIATIVES The BBCRA social media platforms have continued to be utilized to promote local business offerings and provide updates about CRA projects, including a tour of a unit at the newly developed Ocean Breeze East property and building transformations at Tropical Smoothie Cafe and Pio Pio that were funded through the Commercial Property Improvement Grant program. See Attachment I I for a full listing of the Facebook posts that were published in December. BUSINESS PROMOTIONAL VIDEOS In December, staff continued to promote the Bon Appetit Boynton Beach business promotional digital marketing campaign. The campaign promoted six local restaurants in a fun and creative way through marketing videos that showcased either a chef or mixologist from each participating restaurant preparing a special menu item. The six businesses that were featured as a part of the campaign were The Butcher & The Bar, Chez Andrea Gourmet Provence, Driftwood, Sushi Jo, OK&M, and That's Amore. Each week a new post was created to showcase a specific restaurant's video. Viewers were encouraged to prepare the meal or beverage for themselves at home or order the prepared menu items from the restaurants for either take out or dine in options. The campaign also include a special Boynton Beach Bucks component, which allowed social media followers the opportunity to participate in a contest for their chance to win one of six cookbooks. Each cookbook includes an overview of each of the participating restaurants, the featured recipes, and $150 in Boynton Beach Bucks vouchers to be redeemed at the featured restaurants. PRINT MARKETING Coastal Angler Magazine — In December, a quarter-page ad featuring the dock and dine availability at Banana Boat, Two Georges Waterfront Grille, and Prime Catch was published in the Coastal Angler Magazine. The Coastal Angler Magazine is a resource for anglers, boaters, and conservationists and is the second largest free outdoor publication in the nation with 40,000 circulations per month in Palm Beach, Broward, Dade, and Monroe counties (see Attachment III, Exhibit A). Cost: $300 The Coastal Star - In December, a quarter-page ad featuring the dock and dine availability at Banana Boat, Two Georges Waterfront Grille, and Prime Catch was published in The Coastal Star newspaper. The publication serves the eastern community of Hypoluxo Island, South Palm Beach, Manalapan, Ocean Ridge, Briny Breezes, Gulf Stream, and coastal Delray Beach, which reaches out to that specific demographic each month for a total distribution of more than 17,000 copies. (see Attachment I 11, Exhibit B). Cost: $525 Neighborhood News — In December, a full-page ad showcasing the restaurants and eateries in the BBCRA area was published in the Neighborhood News. This publication reaches the western Boynton Beach communities and is mailed to 17,500 homes/clubhouses, with over 10,000 additional subscribers that read the digital edition online and on Facebook (see Attachment III, Exhibit C). Cost: $450 BUSINESS PROMOTIONAL BLOGS West Industrial Avenue is Home to Locally Owned and Operated Specialty Services This was the second of five blogs that will be published to provide a spotlight of the established businesses located on Industrial Avenue. The blog provided contact information and a brief write- up of the following businesses: Ocean Outboards, Inc., Cosmos Muffler House, Euro Auto Service, Xtreme Performance Marine, The Paving Lady, Ocean Architectural Sheet Metal Inc., AA Alpine Storage, Southern Pine Lumber, Clean Air Xperts Inc., Vincent & Sons Landscaping, and Vermeer Southeast. The blog can be viewed here. Bon Appetit Boynton Beach: Culinary Showcases Individual blogs were published for each of the businesses that were featured in the Bon Appetit Boynton Beach digital marketing campaign during the month of December. The blogs included a brief overview of each restaurant, as well as the ingredient list and recipe of the featured menu items. • The blog for The Butcher&The Bar's Boynton Sour Can be viewed here. • The blog for Chez Andrea Gourmet Provence's Spoom can be viewed here. • The blog for Driftwood's Shrimp & Grits can be viewed here. • The blog for OK&M's Scallop Po'Boy can be viewed here. • The blog for Sushi Jo's Naruto Maki can be viewed here. RIBBON CUTTING CEREMONIES Aiming to provide additional exposure and promotion for new businesses opening within the BBCRA area staff has continued to conduct virtual ribbon cutting ceremonies. The ribbon cutting ceremonies are intimate in-person events that consist of business owners and staff, City dignitaries, and BBCRA staff. The ceremonies are streamed via Facebook Live so that social media followers can safely view the festivities and share their support of the designated businesses. In December, a ribbon cutting ceremony was conducted for: Pio Pio - This new restaurant is located at 510 E. Ocean Avenue, #105. They are a Latin restaurant that specializes in Peruvian and Colombian cuisine. Their ribbon cutting ceremony took place on December 17th. The video can be viewed here. UPCOMING INITIATIVES Staff is preparing to launch the Boynton Beach Bucks reward program. This business promotional digital marketing campaign will implement a reward system that encourages and incentivizes community members to visit and patronize businesses located within the BBCRA area. The intent of the program is to provide increased exposure and sales for featured businesses.A special business promotion will be created depending on the program segment that is being promoted — Business Promotional Events, Existing Business Promotional Digital Marketing & Social Media Campaigns, and Independent Campaigns— i.e. $5 off for the first 50 QR codes scanned at Bailey's Blendz or Buy one small ice cream and get one free at Boardwalk Italian Ice & Creamery. A unique QR code, which will be used for redemption and tracking, will be generated for each Boynton Beach Bucks promotion. The application for the program was released in December. So far, staff has received 10 applications and will be arranging one-on-one meetings with business owners to discuss and determine customized campaigns that are specific to the unique needs and objectives of each business. FISCAL IMPACT: FY 2020-2021 Budget, Project Fund, Line Item 02-58400-445, Marketing $1,275; Line Item 02- 58500-480, Business Promotions & Events $900. CRA P LAN/P ROJ ECT/P ROG RAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required unless otherwise determined by the CRA Board. ATTACHMENTS: Description D Attachment I - Marketing, Business Promotions and Social Media Overview D Attachment II - December Social Media Overview D Attachment III - Print Marketing C'3 C/) z C) wp Y � � O baLU C/) a WZ � 2 am U p OZ U) Q Q Cn 0 W W � Q J � az U - O cn O ` ^' " �)rr lit t "�t„'. �s LLI O ..W� W 1 F V n l o -0 U s �ri 6,4 F F9 CL C%l tff O t LU Fu., 4T CL a y LLI -0 0 �o �o ' z zil LU 7z - a 1 w 0 4�. uj � d O U "W7 �� 28 om:3 Mi ou F6 (6 p 'U 70 70 O 7LO C4-jIle 0- 6 70 Q (6 X O 0 O m p W (6 — }' ' 70 4-j tU) U O Q 0 U E O O U O U p Z Q O W l7f (�rtr2 - �ti)��i',, Sri rr = S rltr,�, rt (,_�` • rr �k a� 4-+ :3 %— Q)NIle N a)se O4-j-+ N m 0 0 4-j 0p 0 }' O (� N L N "e0 O a-+ •— Z O O m O C6 (nO O O O N > tp 0 m U O O � pU (6 O U � � U Z (n N O D U U W O (0 m O 4 W hm O i Y m m � a 0 = V4 t 4) o o n • � n w � itt l O t tt t . %t5 J{' \s P>"f: 1 ss z Zi ANY, C*+ rn ct. tw r t�� srfi � • ��x�� yo ��J, • tll} G admit s iq rzs { 010 AT t pit .a �R n Y$ry 14 wr v ` s ": L L ri raa u! yY "W � M w 5a w urs m ye-i, 6 NX; � 8 0 � �� Q a M . me U i a-+ C6 0 O J `n m 7C) co W o C- CU C!� Z C- o O ts -jO Z o O Z O Q 00 .co U) C— U) t� - 1' l CDO W LU a ��,� . • cn mr coxa LLJ { ut I,� coifi ■ c s�3 - U) LLIZ O 2 W W - U C� t Z � , v� O W W a z z 0 U 7 N --+ N N O C- O N (n -i=+ O N > U O Q > p +� ca E O (n U p U) Neo L (n (6 j O O -a S- — U N Cow) coo) U t O } Z O Date Post Content Type of post Reach Engagement Paid Promotion 1 LIC12020 Ha is you herr vier o I nr,n14 2N 9 f:-�a Bon Appedt Dcyrloll 12X-212320 It s a bea-A,-L,dad c,�l,ab 7 1,4 a bit-2 a"Madra 7 12,`CA,'2,320 `Aa',,E live it omwn""Yd"Irl BcymZ� ol Bea rl fv,rhe 17 12 i G 1.20,20 ra are five it Oovvntown 522 1 a7r eayrlon ata Un To fight'.ilp 41 'Aisrn,i jp toda V viih a 4 1 ED 2 6 -ron"Ccn7n"Ol 11''33,2&23 Visit Chaz Ardrea 3v.=Pr. 04, 72 -w Prumofion ViL Prcrvance to try a Spouii ll!'30,'2C23 D,,,d y�OL'nCel:eOL esir 3 1 SID 113P'2&20 as want lz,hear ftem8 955 7 YOUI Tnrr=Conlage Districl. 1,1!'33.20,20 Don Appe6z,Boyrzcvi D-aact- iYO 1 81 �5 bBok!7Lnr-in a4 SPM-"--r 54 be7--r way to and a3 Hofiaa yvaeakarc:i 11,an wiflith 123 2 11 _` :2G2G 11's 5 F 4CS -ra12 is ness'-El--;t-irda y, 11 G23 IN4ewbusirasa ar'arfl 42 Sahejres Harr:J-Dirpaa 1. 48 11!27,62 023 h s#,Dlack'Fric R� 0 Tnisyeaar, 2 nE:au141 EM. rnore diz.n aver,it s 1 1 G20 7-sk-n n lloc�irsaaa Oceam 7 Cf5 BnEaza East ADsrtmentB 14 ne Ecyil,,on Besoh CRA 3 3 k�R X?Yxiish eve7ore 243 11 2-5 2 G210, Tie HofiJasaasor,is 4 3 hMro -ffood?'V,6�heap Think"'ng C lV2520,20m zc[-e-sr 4rcY iYO 2 q 7, 11 25,"2G23 I arotd.o ata f07 4 ZS -5 1V2420,2011's F 52 -53S ff M IM IN a r�s fc,-� a t o r,I L e sCi As 14 Date Post Content Type of post Reach Engagement Paid Promotion 12A 3h2020 Beach CRA 3 Ufii 11 2 121 O/2020 'Thr-mv'backThU"EdS"mSe- 5 - 4,14 INA, 1'54 h ,the&:yrntor EeaCh 1211 Y2020 'a :R lil@ k.sI,c j r HBcg,fotil - 224 Dn��, d Bc�yPA:on_wen's 21 12.1 0,P20 2 0 dicey Epac,4als are21.3 , kIA avaiiabile ai�"E&C's EaMLty 3 12/0,'W2,320 C'niristn3scastarimcm BwBilable a,�;:.q�e F-7ark,esl 2&9 3 12eCva-2020 YOU if, 3CS in at DaR Sd Sakarv� MGk�e S qi-t-'cr 1113 2 Eornao-�a c,'CIr 12iG&2,020 The rEw,9cvriDn Bearn 25:3 3 3 CRA Board Ma-sting vA, 3 12iG7.;2020 'a :R k.sI,c j r v8cc, 25 34, iu 12i&7'2,320 Visit Orrftwcod Bqwritan V1432S 221 14.2 View Promofion Beasn iouv?heir shhnp& 12iG7.;2020 BonApper.k Bowze.-i B-3zc-i- 4403 �s back!! .."Ie mr sT 5FM=or 12 12iDY2,020 HaVe VOL t,iiev Tckio 32 Rnmer-E&o� IMIA 581 yntor,Beach, 22 12110,Y2,320 :��M Ghve the gtof flignt F.his 15 Al % 2C5 Hofic'sy 3-2aEon ar Fly& 3 121&5/2,320 Tara a i k.-:30?he se2 341 4 ED Sez"'ad scaflops 1 2,,C,5.2,320 #S'nop'-ocal for the 1114 f:il-,arma.n n your Ve ar. 3 12/C4!2,,320 7G R r0sks:tor-ght s 01=s 3 �kl 'r 3 74 n i a,,,Tn a t's.-Im 12,T4,202NO -aK-:R i0o."�n=iaa C,4,00-22n 136 3C22 Breeze Ess-=,Ao irr.ms hl,s Cele-rare the start of the 1 G5 A, 2 waekend'mmorrow-A. 14 HM-ke yl:)L bear,warenrch14 11:41, 259 t�B o n Ap p e T.i t B ow r,o n Date Post Content Type of post Reach Engagement Paid Promotion 12,--2 2>0'20 Strugglirg ic"ind a'asl- I 217 mlinuie,g'A.T'Evia-y-ome 4 rsorsa-gat ic-,,,asI 2 m fish?#ShopLos-al at 2 12 -&'20 2 0 Sai VinnanlOn 225 vee•fs are Fede or, 2 rvaF-c:h.=-par4cct g�,f-.for 4 275 your s ar *Shc,DLc,,:z,, 1 L-1 1D'202'0 7,nisvsae ordy at.C,i--z 144 2 Andrea,GOU'Mat 1121ISx2320 StiIII=�,z ng for Ine I Q gift-or�OL!'07V:ile-? 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I '4visit isskis's Groomir g 4 121`1 1 2020 Laok I-CL r peat"i Holiday 4 0 seaBor,ars S"nop a= 2 Date Post Content Type of post Reach Engagement Paid Promotion Enor st ki tt r i0 rear- 74 1 your tsb je st C ale. rankirs 1;, 1 r,"a srr ue_dsy! �� sa.® 1u" �aa �e s bo,r,:1,,.Pic P 12.129,2320 7ncre s st k4 ti re z 1 4 2 tale rs1= ia the e `ear at 3 1 sr220 `,ispr Th.s° Aori for. 1 try (ff View pr•ornoion, JE OLS ire-ir,,Cyst, 1212&2020 B ,l Appedz E ryntc'n Read is s ttT'1, 349 -back!7Pr"np in at 5F=l or 1� 1 202 `'` Eroy SurdnvIML 11 or, r 1 s 8 . n=tester s,.Prhm Ca-.ch, 5 1 r�2r7nsre S sC IIN s -ie 4,.c rtes tt'�r1 293 1 `.our New ezes-= F'om sI1 ct is the �t 0 j � raara t{ k1' 1s,� 121242020 Varra 2i`tr mas E e� 0 . cs ie.sse oe si=re tne 5 12Z2,Y2,32113 G d yPOL saF S7i e10- ;i° 176 a - B c°yrtcl Beavl On Son 5 12123,2321D 7nere s st E tt ma.o 1rei t.v fps 2z2 3 n t 1' s 44"` !sit Mr MIS rn For"you 12Z=2,32113 SIM o�ng for Ine pe-fe�" � .r i' 1� � a 12/2Z2,320 It 5 355 T sr?a•mnstuar � is°@ 5 12Z2 1`202113 ` iskt S, shiE Sounresr�, 12 '1 0 1.9K rar F' 5 Vi mmo on 121i2>32 0 Bon Appetit Boyr,on a .r1 � ark 22V� 12 is back!lune in an 12Z2 V232 �ne-re _sit `' p so-a 2 your Chr:_.rvna_die o JFr= „..1 1 1 2 121i2>,3 � `� ,Strugghr,,g irk sst- 2`17 1 1 O."202113 K,rav so.-as:6 st loves 1 220 2 jM is fishT' hopLossl st i' Exhibit A — Coastal Angler Magazine h"n Two Georges Banana Boat Prime 728 Casa Loma Blvd. 739 E. Ocean Ave. 700 E. Woolbright Rd. 561-736-2717 561-732-9400 561-737-8822 'I Y ilila Exhibit B — Coastal Star h"n Two Georges Banana Boat Prime 728 Casa Loma Blvd. 739 E. Ocean Ave.. 700 E. Woolbright Rd. 561-736-2717 561-732-9400 561-737-8822 'I Y ilila Exhibit C — Neighborhood News vy ,�8, i Y - # � a u hiR bNw r# € ,s 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 CRA PROJECTS IN PROGRESS AGENDAITEM: 13.13. SUBJECT: Social Media Outreach Program 1 st Quarterly Report (October-December 2020) SUMMARY: The following is a list of the Social Media Outreach Program (SMOP) business development activities from October 1, 2020 to December 31, 2020 (see Attachment 1): • 63 Businesses are currently registered in the Social Media Outreach Program (95 have registered since program inception) • 5 New businesses added this quarter • 53 Business contacted this quarter (contacts are done in-person, via phone, and via virtual platforms) Social Media Outreach Program Elements • One-on-one social media assistance with businesses has helped businesses to promote themselves and grow their following (see Attachment I I for examples of assistance with Orci Counseling Center, The Zoo Health Club, and E&C's Beauty Salon Experience) with various social media platforms such as Google, Facebook, and I nstagram. • During the COVI D-19 Pandemic, local businesses have been adversely affected. In order to assist BBCRA District businesses with promotion via social media, the BBCRA has created specific social media campaigns to engage our audience to patronize local businesses. o Please refer to item 13.A. Marketing and Business Promotions Update for a full recap of the Bon Appetit Boynton Beach social media campaign. • The Boynton Beach Insider Blog has been re-established to aid local businesses and the BBCRA with web search engine optimization (SEO) and to build awareness to the Boynton Beach community about local businesses and CRA projects and programs. From October to December the BBCRA has published the following (see Attachment 111): • "East Ocean Avenue: Looking Ahead to the Future" published on October 16, 2020 featured City Hall, The Boynton Beach Cultural Center, Kapok Park, Boynton Beach Amphitheater, Schoolhouse Children's Museum, and Kenny's Market https://boyntonbeachinsider.wordpress.com/2020/10/16/east-ocean-avenue-looking- ahead-to-the-future/ • "West Industrial Avenue: A Thriving Manufacturing Community' was published on November 20, 2020 featured The Owen Group, Aluminum Glass Door Inc, Air-Tight LLC., Alenac Aluminum & Glass, Anzo Headquarters, Home Angels, HomeRacer LLC., Palm Beach Dyno, MOVE Fitness, RareFab, Total Power Electric, Watson Upholstery, Bob Irsay Irrigation Design Inc, HW Studio, The Furniture Farm, Blue Stone Marble & Granite, and All Makes Motorcycle Shop https://boyntonbeachinsider.wordpress.com/2020/11/20/west-industrial-avenue-a- thriving-manufacturing-community/ o "Bon Appetit Boynton Beach: A Culinary Showcase published on November 25, 2020 featured The Butcher & The Bar, Chez Andrea Gourmet Provence, Driftwood, OK&M, Sushi Jo, That's Amore https://boyntonbeachinsider.wordpress.com/2020/11/25/bon-appetit-boynton-beach-a- culinary-showcase/ • Bon Appetit Boynton Beach Recipes publish on December 3, 2020 featured The Butcher & The Bar, and Chez Andrea Gourmet Provence http s://b oynto nbe achi ns id e r.wo rd press.com/2020/12/03/bon-appetit-boynton-beach- recipes/ • "Light Up Downtown Boynton: A Socially Distanced Holiday Experience" Published on December 7, 2020 featured East Ocean Cafe, Chez Andrea, Hurricane Alley, The Butcher & The Bar, Pio Pio, Boardwalk Italian Ice & Creamery, Cafe Frankies, Bailey's Blendz, Bud's Chicken & Seafood, Sushi Jo, OK&M, Two Georges, Banana Boat, Marina Cafe, That's Amore, Jamerican Cuisine, Artsea Living, The Blossom Shoppe, Kenny's Market, Boynton Beach Florist, By Cycle, Jackie's Pet Boutique & Spa, Scheurer's Chocolates, Tropical Troy's Lighthouse Vape & Smoke Shop, Angel's Secret, Original Barber, E&C's Beauty Salon Experience, Shearology Salon, Alchemy Salon, QURE Babershop, Son Barbershop, Penn Nails & Spa, Perstist Nail Bar, Mak Lash & Beauty, The Sol Oasis, Fly& Flow Fitness, Pilates Body, and Novus Escape Room https://boyntonbeachinsider.wordpress.com/2020/12/07/lig ht-up-downtown-boynton-a- socially-distanced-holiday-lighting-experience/ • "Driftwood's Shrimp & Grits - Bon Appetit Boynton Beach" was published on December 10, 2020 https://boyntonbeachinsider.wordpress.com/2020/12/10/d riftwoods-shrimp-grits-bon- ap petit-boynton-b each/ • "OK&M's Scallop Po'Boy - Bon Appetit Boynton Beach" was published on December 16, 2020 https://boyntonbeachinsider.wordpress.com/2020/12/16/okms-scallop-poboy-bon-appetit- boynton-beach/ • "Sushi Jo's Naruto Maki - Bon Appetit Boynton Beach" Was published on December 23, 2020 https://boyntonbeachinsider.wordpress.com/2020/12/23/sushi jos-naruto-maki-bon-appetit- boynton-beach/ This quarter, the Boynton Beach CRAs Social Media has grown in numbers enabling more outreach for businesses if connection is made with the CRA's platforms. Attachment IV contains examples of the top performing posts and all posting activities during this quarter. The results indicate the effectiveness of using social media as a marketing and promotion tool as there is a steady increase in all platforms in each quarter this fiscal year. • Facebook has grown by approximately 620 followers since last quarter (from 5,934 to 6,554) • Twitter has over 14,800 impressions in the last quarter • Twitter profile visits have increased by 134.7% (460 total) • I nstag ram has reached over 4,000 users in the last quarter Upcoming Activities Include: • Assist in development and recruitment for the Boynton Beach Bucks Campaign • Develop new social media strategies to assist local businesses via the BBCRA social media channels • Assist with the BBCRA strategic marketing plan • Continue with one-on-one business assistance • Continue updates of the CRA's business listing • Collaborate with the Special Events Team for upcoming events in FY2020/2021 to assist in recruiting businesses, creating the Social Media Kit, and assistance with social media during the event • Coordinate with BBCRA Grants and Project Manager to promote the SMOP Program to prospective grant recipients • Continue in-person business visits to spread awareness to businesses on BBCRA Programs • Assist in creation and development of a signage program for light industrial and manufacturing businesses within the C RA area. FISCAL IMPACT: FY2020-21 Budget, General Fund, Line Item 01-57400-100, $53,524 FY 2020-21 Budget, Business Promotions and Events, Line Item 02-58500-480, $150, Social Media Advertising CRA P LAN/P ROJ ECT/P ROG RAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action is required unless otherwise determined by the CRA Board. ATTACHMENTS: Description D Attachment I -SMOP Businesses 1st Quarter Contact D Attachment 11 -SM OP Assistance D Attachment III - Blog Posts D Attachment IV -Social Media Posts a O E '0 x x x x x x x x x x a� a� IA bb a� oC 4a 0 0 0 O O O O O O O O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 yr O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 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 6J O r- l0 l0 l0 w N Ln Ln m m m l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 Ln 't 't m tA N N N N N r-1 r-1 r-1 r-1 r-1 r-1 r-1 r-1 c-I c-I c-I c-I c-I c-I c-I c-I c-I c-I c-I J 0 J U fB C 0 U L ro L Ln Ln Ln Ln LnLnLn Ln Ln Ln Ln Ln Ln Ln Ln Ln Ln m m m m m m m m m m m m m m m M M s m Ln Ln M m m M m m m m m m m m m m m m m m m m m m } m m m m _I J J J J J J J J J J J J J J J J Ln Ln J �, m m ,� m N Ln Ln W W W W W W � W W W W W W W W W L l- Ll- LL- m Ln m W -� J -� �,� m �,� m s s s s s s s s s s s s s s _ U) s u- u- "- J m 'r s s U U U U U s U U U U U U U U U s s m v s m u m m m m U U m m m m co U m m m m m m m m m U c"o +� co s s m m a) a) a) a) a) fu a) a) a) a) a) a) a) a) a) m m .S (1) M U U u m s LL "� �'� a) w m m m m m � m m m m m m m m m ( m -� `� m m � a) a) u " Li "� U- m m c c c c c m c c c c c c c c c m W LL W m o c CO m m -C u � s c o o o o o 0 0 0 0 0 0 0 0 0 0 0 0 o s s s c U co U +� c c c c c c c c c c c c c c co v d c c O O o co c a) co u co c c > > > > > c > > > > > > > > > C >- a) O >, >, c C c a) p CO a) > > o 0 0 0 0 > o 0 0 0 0 0 0 0 0 > p m m m }, m p >, >, >, m 4- c m m p m m m m m m m m m m m m m m m m m m c c c m c Q N CO O O O > O m C Ol N Ln I� 00 0o N r I Ln r I I� O O o a) l0 m m m O p �' O o rI m 0 rI O O rI 0 0 0 0 0 0 r-1 O O C) a 4� 4- C > O ' m ' O C O O rI rI rI rI rI O rI rI rI rI rI rI rI rI r-I O a) > C 4_ a) O > m p C O + a) a) a) a) a) a) a) a) a) a) a) a) a) a) 5 CO m m N N C m �i m p m C N > > > > > > > > > > > > > > > > U) a) > c = rn m > Q Q Q Q Q > Q Q Q Q Q Q Q Q Q > > > > N U 3 Ln > > x > > Q Q Q > 3 m r I N 't3 N N N u N N N a) N N a) a) a) a) cB -p a) -p a) a) C C C C C C C C C C C C —C C C C C � tA 4 OU OU U W W Q nLuOLu w W WO O O O O O O O O O O O O O O O O O O Ln � O O O O O 0o O O O r- O O r- r- O O I- m m m I� O m , N 00 Nm n Q oa) r-1 0o O rH m m m m m m m m m m m m m m m m m L.o O O m U Q Ln Ln r1 ko ko ko r-1 ko m Ln r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 r1 m m a) � U 4 C U O C C C u fu vL s — co an a) �_ coO a) O 0 }? 4, c m U D coaci 0 0� o u N s i 06o O E o u ami U o 4� co > o a) J -a a) - w v O_ C U c a) a ELn E > N m m u -0J J Q .� Q y0, 7 a) O N Q W a) i O O O 0) O_ i = N _0 0 s U C 2 4- 0 � CoN 3i d C U O N U _� O C a) Q _vL m c� V) � a) a) 4_ W W � _ O � U U N d Ln M a) U Ln a) .L N 4- m +- >_ c E O > E W O N +-' N U s 4, f0 m N E E L a) a) 4- U X O L U s L C s s s s L a) - 5 2 O O O O N f0 s s O M L O a) Co W n D O V) f— Q Q o_ U f— f— Q Q Q Q Q m m = _ _ o_ f— f— f— Ln O f— U r-1 N m Ln 1,-o r" 0o O, O r-1 N mql. 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N N O .O o N fa 0 7 O 3 s O O O O fa fa i N i O i O N > O Co f- CO V) f- CO U CO W f- CO U n_ f- U 2 o_ Q 2 m Ln l0 I� 00 Ol O c I N m Ln l0 I� 00 Ol O c I N m m m m m m m m � Ln Ln Ln Ln Attachment II One-on-one Social Media Assistance Ord Counseling Center 1080 S Federal Hwy, Boynton Beach, FL 33435 Orci Counseling Center is one of the SMOP businesses that has been receiving 1-on- 1 assistance from the BBCRA. Orci Counseling Center opened in 2020 on Federal Highway in Boynton Beach. As a newly opened business, Orci Counseling Center had little exposure on social media. Since joining the program in Orci Counseling Center has been able to establish and grow an online following. SMOP assisted Orci Counseling Center in creating a Google listing. A Google listing allows the business to be discovered by potential clients through online search engines and helps potential clients geographically locate the business. � 7tiyl ` r t 41 3ve" 1r r JN'a Jul r {sr s,rsst+f}gT,las�r�t�grl3trll�Vl rq �{}A�))}il)1 ilk, rev S z a 3rcirCUunselr y - — _ s»ltrr„1 l�s�\sssi'1S�s1�5?is }}}1�� st�' ` ` �5 Cent�rine {{ I>A- 4 e. �e- i=r y } SI:=. D-ulkin r � ar e6�.i rrlt�n RMW Orel Counseling Center Inc. + ,' Snug H�,b.f D, S SU— Website Yu« r-�t M e r,to heaia l'i mY. , c , n ntr-,` 1 E"reac(i1',i.J a Sunshine Square E sl lt^l�I�rP�n PI asl��ek r Ila Super Market Fncr= r t5ula�l Square Address: 'I0 O S Federal Hwy Boynton Beach, FL 33435 McDonald's rs's ti tfttsr„ Hours',r Open " Closes 9PM - u Fie: I) 272- 0- frri;,rn , A business Facebook page is an additional free resource that allows businesses to connect with customers, promote themselves, and increase their search engine optimization. SMOP was able to assist Orci Counseling Center in creating a business Facebook page. A VA 41h 11 A Ord Counseling Center pAe.r.s H+e a .,er, c H,A,s Nr•s,.,i„rug. Video-, pl-,mo, RA".re lb(Like 0 Image CL ,.. a& F � CENE AL Nib p �H a fel€cin th-:s ADDITIO',JAt C0 4TA T INFO MORE 114FO AbOUI rixre at�rci Couns�l:ng�r'� I rc..•s=�strroa*a..af^crn�,„�.r c14�i7u�=a>t:an ex t,al level of care to ,ang!ern-'ecwe^” v lfle as'Jsenng tl3e res.tea'res cf thea ana weasang dirf.alpgn.,, The Zoo Health Club 538 E Woolbright Rd. #200, Boynton Beach, FL 33435 The Zoo Health Club is one of the SMOP businesses that has also been receiving 1 - on-1 assistance from the CRA. The Zoo is an established business in Boynton Beach which is now under new management, and recently underwent interior renovation. SMOP was able to assist The Zoo in transferring the existing Google listing and social media pages to their new social media manager. In the last quarter, The Zoo was able to grow their online following. SMOP assisted The Zoo in transferring the Google listing to the new management team. A Google listing allows the business to be discovered by potential clients through online search engines, and helps potential clients geographically locate the business. JOANN Fal 1 � SIS 9,Ai �^ [9x s,upf t Market i ' f 'z t � s �nrrCraaBr[rlur r t r, ,r I(AD111 ' The ZOO Heaffli Club„ The ZOO Health Club nnIE.1r1�fi D-ifl*oor_'I fG' r Websde Directions Saye Call =rmr:r 1, 62 Googie reviews r 3 ti 4 „ her Sarni MD n1 7r (l au cee Fork ,r Located in: unsiiine Square [al Ear � Guk„ Address: � '538 E of right R #200,Boynton Beach„ FL 3343 Liu C`IuL, Hones.Open dioses 11 P _ �iue�reEr, ,� tuEE15ant'r`h�unrr. Phone: ( l)736-2081 h The Zoo Fitness is receiving new reviews on Google and the platform enables the manager to interact with patrons. Alit on Baird Great place greatnew equipment.,.- Also recently up raided the facility. BIG [mprovernent on what was pretty good Very clean, professional staff rlf') L k e, Shiare Jacquel1ne Rodriguez V I wl�13 V 4 A fun family at,mosphere'Recon-ii-neiided. S[".are Response from the owner r agc,, Thank you, glad you enjoyed ill" SMOP was able to assist The Zoo Health in transferring ownership of the Facebook Business page to the new manager so they are able to share gym offerings and specials via social media. A1C; J� �vu vvmn"�>` # s „ fl-41Zoo Gym Elite - Boynton Beach Horjn,,@ Re ie s 01hows V,de,-.* k1 eve Like About H Zoe Gyrn Elite Boynton Beach r l�v2 3 2r d,rday S`o&Jng Suffers are nen,ava labla at The Zoo Healtl-Clue 40, The ZOO s-sith Club Efts in Scyyntcrr mlite nes Boyntor Bead_ :Beach�:cdda Vs a Camps ,ste fitness center Geta.Peroral Tea ir nq 5emor s fc,I 1-30,.Joan for T-year or a pal d- and"yTr, s`fferIing c3.rdlimrascular full)rnembersrip and get 3 second�sarfor�4a Off orioin;fur S2 per rnontl, See flee-tour club for detan Is. r��;�c6�°sn�es strength training e��i ��er�t. Cali cr stop by today group fitness c4,,Eses and mach more. The Health Crub t'ir> Ks8 'Woolbrig t Road u The Z00 -lesiith Club DkE in Scyy,rnt n Sc r Tor 3eacl L 33435 Beach�:ioricda is a,corn piste ftness center ,S61! and gym erin ca.rdIIoascu lar machines,strength training eclulYpri ent.... J '' nce u±:r i 21" L See Mo!'d? l 838 peope Re this incluclll'rng 2 0-your 14OLIDAY STOCKING friends 939 eo n,_ fc1low this 736-2108 1, Price Range 55 F t'[mess ti.m•rte Ir m`m: T,ai.rn r ,esu,ess ;;QCsot C,ann,p E&C's Beauty Salon Experience 510 E Ocean Ave #102, Boynton Beach, FL 33435 E&C's Beauty Salon Experience is another SMOP businesses that has been receiving 1-on-1 assistance from the CRA. To assist in the promotion of their Holiday specials, SMOP provided instruction on a free design program through Canva.com. Using the online platform, E&C's Beauty Salon was able to create the attached flyer which was distributed to their online mailing list, 500 Ocean Apartments mailing list, Casa Costa's mailing list, along with others. Using this free design program, E&C's Beauty Salon was able to save money in production while creating a quality promotional product. This flyer resulted in 5 new clients within the month of December. jo M t� � a "'77�- �r��lt Attachment III Boynton Beach Insider Blog Posts October 2020 through December 2020 October 16, 2020 East Ocean Avenue: Looking Ahead to the Future Have you seen the exciting transformation that is underway in Downtown Boynton Beach? The area along East Ocean Avenue, which was an active construction site merely months ago, continues to be redeveloped and is nearly unrecognizable. The Town Square Project has completely transformed the downtown district into a futuristic hub that is anticipated to attract a variety of new retailers and residents. Despite the redevelopment still in progress, there is already so much to see and do in Downtown Boynton Beach. This truly is one of the best cities in South Florida to work, play, and live. Keep reading to learn more about some of the exciting new elements and established staples that make up the 100 — 200 blocks of East Ocean Avenue. City Hall/Library 100 East Ocean Avenue The new four-story City Hall building, which also houses the Boynton Beach City Library is absolutely beautiful. Visitors are welcome to visit the building for socially distanced lounging on the first floor or to explore the new library, which features cutting-edge technology and spacious areas for both children and adults. The facility is designed to be a regular stop for residents and businesses who seek meeting spaces, information, and universal access to City services. The public is welcome to visit City Hall from 8am — 5pm, Monday — Friday, and the Boynton Beach City Library from 9am — 7pm, Monday — Saturday. i 7 } Ill r' 4f k r ,n AY�� {�•, i 7 � :S is ,ni, s,p%< <( -- i to i The Boynton Beach Cultural Center 125 East Ocean Ave After lying dormant for decades, the Historic Boynton Beach High School has been renovated and restored to its original glory. The 28,000-square-foot-building will now be utilized as the Boynton Beach Cultural Center. The City of Boynton Beach kept its promise to residents to preserve the original building and to maintain its unique character, while incorporating many new features to remake it into a relevant, productive, multi-use facility. A variety of Recreation and Parks functions will take place at the venue, which will also be rented for special occasions such as weddings, parties, and conventions. p�\ f�i) j} \3} s •� I 1��j s)jjjslikl�S4 `S##i,.,ii1i\i s av w f S,,,i s r Kapok Park Family Activity Center State-of-the-art equipment continues to be installed at the two playground areas of the Kapok Park Family Activity Center, which is located directly next to the Cultural Center. Many features of these playgrounds are designed to be a reminder of the city's history — its agriculture, ocean activities, and tropical environment. All of the playground equipment is designed for play by children of all abilities. Additionally, the adult exercise stations were strategically located to provide circuit training opportunities for the adults without losing visual contact with the children's playgrounds The structures were chosen, and recreational spaces have been created, to intentionally nurture social gathering where ALL children can play together. Soon laughter will fill the air as children run and play freely in the open space. On Saturday, October 17, from 9am to 11 stop by for the Grand Opening Celebration. A DJ will be providing entertainment, and free Kona Ice treats will be distributed to all attendees. 4 ,r 4 tir 4 .447 !{44t�� 444 - �� t y 4( 4 S 4 Vii+ i 4 4 { 4j4 4 h t�, Boynton Beach Amphitheater The Boynton Beach Amphitheater, which is located just east of the new City Hall building, will be surrounded by lush greenspace and will make a fantastic venue for a variety of live events. The amphitheater is currently under construction, but we anticipate the time when music and merriment will once again fill the air along East Ocean Avenue. �i The Schoolhouse Children's Museum 129 E Ocean Avenue The Schoolhouse Children's Museum brims with history and nurtures the joy of learning for thousands of young minds. This is not a place where children are told "Don't Touch!" It is a place where they can engage in free play, touch, feel, listen and engage their minds, little fingers and bodies in activities that help them to grow and learn. The Museum, constructed in 1913, is the oldest-standing schoolhouse in Boynton Beach. The innovative new playground will be the focus of joy and learning for even more young children as it takes its place in the heart of the Town Square. tt !wt f i i s, r r. i .t Kenny's Market 214 E Ocean Avenue Kenny's Market is a neighborhood staple in Downtown Boynton Beach. This quaint store provides neighborhood residents with a variety of conveniences such as- propane tank sales, snacks, drinks, daily accessories, and lottery sales. They are known locally for their excellent selections of craft beers and wine from around the world. Kenny's Market also offers daily fresh-made breakfast sandwiches and grilled lunch specials. Kenny's Market is open daily from 6am to 10pm. Check out the City of Boynton Beach website for additional information about the up and coming downtown area. �sl � � �� £`1��1��,i£t�ig15 � s}�1{s � ��r v ��s.� �� _l li£i r�t4��lssi£PD�kP£r s£s1 ,j�l+f �� `'��a � � _ �f� ��f f 141�1j1 Sar �� '� �� f1l{�{�jtt��i�\�l�l�,tE}s ilp��s}�11r� � tr o �`� ,. '" ��' p _� � ,,zk'�� X11�uit},k,££t££(iil r , � >� �fc 1� s£ a 1 1 si rt��t s sit it)t t i t � t � �� \� E11\��i�;1`\�\�t ��\1�11!\�\\\\\� � ,,"�1, � ��c�� ')�7��4�I�`1£tt1 S i\1 i t t 'rt 1 �, f � )�� lel�S� k i} i_ ��s£ y1s�£ .3t�1) s��}� �fiFi Y��}l?��t�s��24�it} 1\s,(/ 1 t -:t ?� k� Si��( q 7 l411�r 1�� S 1 1�}�� £ I It�£ �� }��_t�rpt j z ��S£i�j £r{�it fifl�(Ali �� i��t s � } ?}�i ri\ << � £i _I';s �� P�1��rkt��k�k��`��Il`r� ktuJi tit'i'�t � t - ' {.� s _� ��(�tl rr}r ��£� 1 Misr.�� s1r ,t s „ � :, r,.; � r�1at �.. ��I,_.._ �. ft S S i t ., 1r� } — � _ ��£ � � ��1 s"��)�j\ tf��ii t��? �t��2£ly�);�f(£�S1£�i��V II� � rr. ,, S 7[ � � � � d �� £��PSsiS t,rh£��1 f f�}�?i\i � �N )�SVV � n��sk�, ��1s5 {�� Site\�k tib),,},b� s �£s{s'� �i � �' > p»}��£�i __ «�h �� l�X�;i1Y`G�� t - �t E � � e��... +��a+S�4S�, t�tar� 1�, i� —_ "�'� 3$ � �'� :��Y i§.S?�.y i11�i� �i&Pmts a si ns�ti �l t - 'i�=�jh k£,�}, � m,lq ,€ �s��1tt �r F, s � Ssus n.., 1 s t ar � � assns t z � — �, r, # _ � s �I�f�Y ��I i ,phi' i `k� ; 'iii Ilii( - �i, — ,}t- h �s� �"�yt,,, s £� �, �s,`s i , , ` £rki } _ t 1 `� � k s\��#s�, I i� �t � � �� 1 1ti�k ` �1� }r r1��3�i� s � u � � � � ,—,_ �� ' November 20, 2020 West Industrial Avenue —A Thriving Manufacturing Community Did you know that Boynton Beach is home to a thriving urban manufacturing community? Tucked away just off the city's main thoroughfare of Boynton Beach Boulevard lies West Industrial Avenue, which is home to a variety of unique service providers, manufacturers, and artisans. The businesses located within this industrial district significantly contribute to the vitality and diversity of the city's thriving network of small businesses. In the first of this three-part series on the industrial district, we will introduce you to the many businesses located within the 1300 block of Industrial Avenue. Continue reading to learn more about each of these small businesses and consider supporting them for your current and future needs. The Owen Group { i I I t r 9 i� 1300 West Industrial Avenue, Unit 101 The Owen Group is a family-owned and operated commercial general contracting and design build firm that specializes in project development and planning, design build, renovations and additions, LEED AP green-building, estimating and value engineering, mold and mildew remediation, and virus, bacteria, and odor treatment. The firm offers their specialty services to medical offices, salons, spas, restaurants, and a variety of other industries. With more than 70 years of experience, their principal staff has the comprehensive knowledge to design, plan, and execute a wide array of projects. Whether you are a first-time entrepreneur or a seasoned business professional, the Owen Group prides itself on being easy to work with and welcome the opportunity to speak with you to discuss your desired design and build vision. Connect with The Owen Group today on their website: https-Howen.group/ or by calling (561) 400-4600. Aluminum & Glass Door Inc. ,t 1300 West Industrial Avenue, Unit 102 Aluminum & Glass Door, Inc. is a full-service glazing contractor that specializes in commercial hurricane impact resistant storefront systems. They provide services for both new construction and existing buildings —with no job being too big or small! The business is co-owned by brothers Brad Doyle and John Doyle, Jr. who built their business from the ground up after growing up shadowing their father-in-law who owned his local glass shop. For two decades, their reputation for providing quality products and professional workmanship has made them a leader in the glass and glazing industry in South Florida. As a trusted industry professional, they have been able to secure contracts with well-known businesses in South Florida such as. Bethesda West Medical Office Building, Palm Beach International Airport, The Hard Rock Hotel & Casino, and many more. If you are looking for a local glass company that is reliable, trustworthy, and knowledgeable contact them today for a consultation. Connect with Aluminum & Glass Door Inc. today on their website: www.agdinc.net or by calling (954) 978-1800. Air-Tight, LLC. 1300 West Industrial Avenue, Unit 103 Founded in 2003, Air-Tight, LLC, originally provided wheel bearing protection systems for recreational boat trailers. The company recently expanded their focus to include additional applications and markets for bearing cavity protection technology. Their trademarked "Super Seal System" is a specially molded material that is paired with their custom non-corrosive metal bushing to assist with allowing contaminants to pass through and pressure to leak out of the bearing compartment. This pressurized system provides an additional level of protection for trailer wheel hubs and is used in a variety of emerging industrial and commercial markets. The product has been well received by their customers, with many providing excellent testimonials which are featured on their website. If you own a recreational or commercial vessel, contact Air-Tight today to see if their exclusive product would be a good fit for you. Connect with Air-Tight, LLC, today at their website: https-Hairtighthubs.com/ or by calling (561) 509- 0455. Alenac Aluminum & Glass S - 1(( 1 t5 i�l�l`�it{,�r ��j1�r SSj� rpt 9FSI: 1300 West Industrial Avenue, Unit 104 Alenac & Associates is a family-owned business that specializes in manufacturing architectural metal products and custom railings for both residential and commercial properties. They specialize in delivering effective and innovative solutions to their customers in the construction and specialty markets. Alenac has an in-house warehouse facility that is fully equipped to do a variety of aluminum fabrications, including custom screen railings, sunshades, trellis, and pergolas. With over 30 years of experience, their team is dedicated to providing the best quality service and products to meet the needs of customers. Connect with Alenac Aluminum today at their website: https-Halenacmetals.com/ or by calling (561) 877-4109. Anzo Headquarters s- z t 4 41 1. t= r ( f t t 1300 West Industrial Avenue, Unit 105 Anzo, formally known as The Chickpea, is a Mediterranean restaurant that serves healthy, fresh, and quick meals at a reasonable price. The restaurant is a popular destination for those seeking simple and delicious Mediterranean food. Offering a mezze-style menu with influences from Middle Eastern, Greek, North African, and Indian cuisines, they offer a variety of options to build your own savory or sweet bowl or pita sandwich. Anzo's Headquarters is located on W. Industrial Ave. in Boynton Beach. You can visit their dining location at 970 N Congress Ave Suite 130, Boynton Beach, FL. Connect with Anzo today at their website: https-Hanzo.com/ or by calling (561) 366- 7753. Home Angels 1300 West Industrial Avenue Unit 107 Home Angels specializes in plumbing installation and repairs, water damage, mold remediation, and fire restoration. They understand the helplessness homeowners can feel when their property is damaged, and work quickly and diligently to restore your property. Even the Palm Beach Post stated that Home Angels, "seeks to build trust with customers in an industry that frequently leaves homeowners feeling vulnerable." Home Angels also offers a complete disinfecting service, using EPA registered hospital grade disinfectants, for commercial and residential buildings. Connect with Home Angels today: hLtps://homeangelsfl.com/or by calling (888) 660-0471 HomeRacer, LLC. `s "TV I + 0-410 1300 West Industrial Avenue, Unit 108 In 2017, HomeRacer LLC, decided to move its operation from Broward county to sunny Boynton Beach. The company, which has a second location in Las Vegas, specializes in the manufacturing of racing and flight simulators. The simulators offer"the real racing experience" by replicating a car or pilot's seat and are compatible with gaming consoles such as Xbox and PlayStation. The product is popular with children as well as race car drivers and pilots who want to practice their skills. You can learn more about authorized retailers for the simulators on their website. Contac Home Racer today: hLtp://homeracer.com/ or by calling (888) 299-2746. Palm Beach Dyno a i 1330 West Industrial Avenue, Unit 101 Palm Beach Dyno is a leader in remote Electronic Fuel Injection (EFI) Tuning and customer power packages as well as complete in-person builds. The dedicated team at this performance facility work hard to ensure your vehicle performs at its highest level. Check out their YouTube page to see their custom-built cars in action! Connect with Palm Beach Dyno today- http-//www.pbdyno.com/ or by calling (561) 571- 1173. MOVE Fitness rl - i£ i 1330 West Industrial Avenue, Unit 102 MOVE Fitness is an open-air gym and fitness center that operates out of a 2,500 square foot warehouse. Their trainers and instructors focus on movements like pushing, pulling, climbing, crawling and carrying. MOVE Fitness specializes in strength, circuit, first responder, and obstacle race course training. Contact them today to learn how you can take advantage of a free trial week! Connect MOVE Fitness with today- https-//www.facebook.com/pg/movefit or by calling (561) 413-3779. RareFab c� i` 1330 West Industrial Avenue, Unit 105 RareFab prides itself on being a full-service automotive performance facility specializing in Ford Mustang S197 & S550 Chassis. This one-stop performance shop works on all domestic vehicles and most European and Japanese makes, offering services for tuning, installations, repairs, maintenance, fabrication, prototyping, and race cars. The RareFab team guarantees their years of racing experience will give you the best available performance at an affordable price. Check out their Instagram page to see all of their performance vehicles and customized builds. Connect with RareFab today at their website: https-//www.rarefab.com/ or by calling (561) 739- 8688. Total Power Electric "infis b Rl nMl �, s alit r 4i3 ( i3 1330 West Industrial Avenue, Unit 107 Total Power Electric installs, maintains, and repairs electrical control, wiring, and lighting systems. They also inspect transformers, circuit breakers, and other electrical components. It's a bright day at Total Power Electric, let them make it a bright day for you too! Connect with Total Power Electric today on their Facebook page- https-//www.facebook.com/totalpowerelectric/ or by calling (954) 340-3850. Watson Upholstery Inc. 1370 West Industrial Avenue, Unit 104 Watson Upholstery is a family owned and operated business specializing in home furniture upholstery, reupholstering, and furniture repairs. They have been in businesses since 1990, and pride themselves in in providing quality services to their customers. They use high-quality fabrics to ensure the enjoyment of your furniture for years to come! Connect with Watson Upholstery Inc. today at their Facebook page: https://www.facebook.com/Watson-Upholstery-167157889963573/ or by calling (561) 274-0920. Bob Irsay Irrigation Design, Inc. 1370 West Industrial Avenue, Unit 106 Bob Irsay Irrigation Design, Inc., is a family-owned and operated business that has been providing full-service irrigation services throughout Palm Beach County since 1983. They are a straightforward irrigation business that provides sprinkler system installation, sprinkler repairs, and maintenance services for both residential and commercial clients. They also offer an array of low-voltage landscape lighting products to enhance the look of their customers' properties. Contact them today to learn about water-saving products that can make your sprinkler system more efficient and lower your water bill. Conned with Bob lgayIrrigation Design, Inc. today a their website- https-Hpalmbeachsprinklers.com/ or by Calling (8]) 734-997. HW Studio - ,§ �iv « - - a « - � « ~� �- • ��©y «. - \ 1370 West Industrial Avenue, Unit 108 HW Studio specializes in Custom plastic fabMCaions and Custom laser cutting and engraving. Their staff is ready to help you design and complete all o your commercial and personal projects. Their services include displays, home and office accessories, jewelry and Cal supplies, furniture, and much more. HW Studio uses high quality materials Such as Acrylic, Plexiglass, Lucite, Plastic Mirror and Vinyl to create GIo their Custom designs Connect with HW Studio today at their website: https:Hhw-studio.business.site/?hl=en or by calling (561) 574-5822. The Furniture Farm Cn t }(1J�irir ��lr. r t4i�Jtt�lrr�Sf�t tt tF'(rr l { ft P�:t }tl t 1- 7t tt WAY Irrh}Il } f ff ,N w, ( it. Yrt3 tt 0 t' r kn �f� b � � F { 1370 West Industrial Avenue, Unit 114 The Furniture Farm specializes in custom-built furniture, home decor, nursery decorations, and more! Their tagline is "Reduce. Reuse. Refinish." and all of their products are manufactured by hand in Boynton Beach. Visit their website to shop their unique designs, or order a special custom-made piece. Connect with The Furniture Farm today at their website:https-//www.thefurniturefarm.com/ or by calling (561) 603-5020. Blue Stone Marble and Granite 1370 West Industrial Avenue, Unit 118 Blue Stone Marble and Granite specializes in natural stone kitchen and bath remodels. Natural stone countertops last a lifetime, are incredible durable, and require minimal maintenance. Blue Stone Marble and Granite are experts in home renovation and committed to customer satisfaction. Call them today for an estimate on your project. Connect with Blue Stone Marble and Granite today by calling (561)-364-1010. All Makes Motorcycle Shop -- jk 1370 West Industrial Avenue, Unit 119 All Makes Motorcycle Shop diagnoses, adjusts, repairs, and overhauls motorcycles, scooters, mopeds, dirt bikes, or similar motorized vehicles. Visit their shop for top- quality service at an affordable price. Connect with All Makes Motorcycle Shop today by calling (561) 243-0229. November 25, 2020 Bon Appetit Boynton Beach: A Culinary Showcase The Boynton Beach Community Redevelopment Agency (BBCRA) is collaborating with five phenomenal chefs and one dynamic mixologist for the Bon Appetit Boynton Beach culinary showcase. Over the course of six weeks, we will feature six pre- recorded videos that will show you exactly how to prepare a variety of mouth-watering dishes and signature libations. Each Monday, between November 23rd and December 28th, a promotional video will be released on Facebook and YouTube showcasing a virtual cooking or mixology segment. We encourage you to follow along to create the dish or drink at home or to visit the featured restaurant for dine-in or take-out options. You will also have the opportunity to enter a drawing to win one of six prize packs, which are each valued at $150. Each prize will include a digital cookbook that outlines the featured recipes, as well as a selection of Boynton Beach Bucks promotional vouchers which will be redeemable at each of the following restaurants: tt�, q(� > Y } }'}k I e, } l 11 i i15 } l 1 k Au 00, ffiff - �ktv iti` t� }tttt r� f1 f 5 t�{;s,1r�1�fG,�i��) �, �.it�11' tiii c t`•,}t��t`5 � i i a Gali Prat — Bar Manager The Butcher & The Bar 510 E. Ocean Avenue, #101, Boynton Beach, FL 33435 www.butcherandbar.com (561) 903-7630 s r, =aU Chef Andrea Jourdan Chez Andrea Gourmet Provence 480 East Ocean Avenue, Boynton Beach, FL 33435 www.chezandreagourmet.com (561) 248-0612 1 ` illl illi Y +r 44 s r YANi1 t� � s� lrS t1 1 ;4 tS� t rrrt t � 411 d . hz k E �"m;'rtat r.>.vuan. a„rr r Nt Chef Jimmy Everett Driftwood 2005 South Federal Highway, Boynton Beach, FL 33435 https-Hdriftwoodboynton.bus iness.site (561) 733-4782 s, t F. t ,.t,,,. �� ifltY i � dl#1tti+}t t ' 4 tyt t} I t � k• � — � / t }I l 1�4 t t Chef Coton OK&M 640 East Ocean Avenue, #6, Boynton Beach, FL 33435 https-Horganickitchenandmerc.com/ (561) 292-3222 gg a i i t iso" t S i' ifft AJ, t Chef Jo Sushi Jo 640 East Ocean Avenue, #4, Boynton Beach, FL 33435 www.sushijo.com/beyond-fresh/boynton-beach.html (561) 737-0606 ria � ss ting i Si f= t _ Natacha Koblova — Owner That's Amore 308 North Federal Highway, Boynton Beach, FL 33435 http-//www.pizzeriathatsamore.com (561) 801-4842 We encourage you to like and follow @BoyntonBeachCRA on Facebook and YouTube, so that you can automatically receive notifications for the premiere of each of these exclusive business promotional videos. For more information, visit www.BoyntonBeachCRA.com or call (561) 600-9097. December 3, 2020 Bon Appetit Boynton Beach Recipes The Boynton Beach Community Redevelopment Agency (BBCRA) is collaborating with five phenomenal chefs and one dynamic mixologist for the Bon Appetit Boynton Beach culinary showcase. Over the course of six weeks, we will feature six pre-recorded videos that will show you exactly how to prepare a variety of mouth-watering dishes and signature libations. Each Monday, between November 23,d and December 28,11 a promotional video will be released on Facebook and YouTube showcasing a virtual cooking or mixology segment. We encourage you to follow along to create the dish or drink at home or to visit the featured restaurant for dine- in or take-out options. The Butcher & The Bar >Ei3 r� F r 'e i 0 g, + A �< 1, jF a Located at 510 #101 E. Ocean Avenue, The Butcher & The Bar features a full-service retail butcher shop, premium bar, and dining venue. The Butcher shop is a whole animal butchery featuring regionally sourced and clean meats and food. The bar emphasizes local and regional liquor, wine, and beer. The Butcher and the Bar plan to provide a "premium, not pretentious" experience with an old-school vibe and emphasis on high quality food, beverage, and service. The Butcher & The Bar Executive Chef Daniel Ramos is formerly Executive Chef of Sundy House in Delray Beach and Market 17 in Fort Lauderdale. Most recently, he served as Executive Sous Chef at Quail Ridge Country Club, before leaving to pursue his bone broth and sausage-making venture, Red Splendor. Chef Dan has an unparalleled passion for locally sourced, farm-fresh ingredients and "clean" foods. The Butcher & The Bar's Boynton Sour Ingredients- 2 parts Whipsaw Rye 1/2 part Partners Vermouth 1 part Lemon Juice 1 part Simple Syrup 1 part Aquafaba (Chickpea Water) Steps: Combine the Whipsaw Rye, Lemon Juice, Simple syrup, and Aquafaba in a shaking tin. Add ice and shake. After 10 seconds strain the content back into the tin for an additional dry shake to foam the drink up. After invigorating the drink with no ice (dry shake) strain over block ice and pour the sweet vermouth down the side of the glass using a spoon. Chez Andrea Gourmet Provence r J Located at 480 E. Ocean Avenue in a charming historic house, this restaurant is bistro- style with offerings of a contemporary approach to French Provengal fare. The menu is ideal for a true gourmet experience. Chez Andrea Gourmet Provence features head Chef Andrea Jourdan. Chef Jourdan has developed her culinary skills over the past twenty years in France, Italy, the U.S.A., and Canada. Her knowledge of Mediterranean cuisine is unsurpassed. Chef Jourdan has also authored over 100 cookbooks. Chez Andrea Gourmet Provence is a European destination for the discerning patrons. For those familiar with Andrea's culinary creativeness, her simple yet innovative and tasty recipes, it is a safe haven to enjoy high quality food. Chez Andrea's Spoom Ingredients- 4 egg whites 1 cup sugar 1 cups of your favorite sorbet Sparkling wine, champagne, 7Up, or Sprite Steps: Pour egg whites into mixer Combine egg whites with sugar Mix on high speed until the bowl is cool and egg whites are stiff Mix '/2 of your sorbet with the meringue Dollop heaping tablespoon of sorbet into champagne flute Dollop heaping tablespoon of meringue mixture into champagne flute Top with sparkling wine, champagne, 7Up, or Sprite December 7, 2020 Light Up Downtown Boynton: A Socially Distanced Holiday Experience While it may seem different this year, the holiday season is officially upon us — decorating, shopping, eating, and drinking are just a few of the things that many will enjoy throughout the coming weeks. Around this time the Boynton Beach Community Redevelopment Agency (BBCRA) and City of Boynton Beach (COBB) would normally be preparing to host our three annual holiday events — The Holiday Parade, Holiday Tree Lighting, and Holiday Boat Parade. However, as a precautionary measure to prevent the possible spread of COVID-19 all of those events, which each attract thousands of spectators, have been canceled. But don't fret there will still be plenty of holiday cheer in Boynton Beach. We invite you to visit the downtown district for Light up Downtown Boynton. Starting December 1, 2020, through January 3, 2021, East Ocean Avenue will be lit-up with festive holiday lights and decor. This whimsical display of nearly 43,000 lights is the perfect solution to safely celebrate the holiday season with friends and family. In addition to the beautifully lit trees, the up lighting throughout the downtown area will be changed to match the Hanukkah, Christmas, Kwanzaa, and New Year's holidays. Keep reading to learn more about some of the things that you can enjoy in Downtown Boynton Beach throughout the seasons. Z - ,u h{ 1 r Town Square This newly developed area of Downtown Boynton Beach will be festively lit for the holidays. Be sure to stop by to view the sparkling lights that have been added to both the branches and canopies of the two Banyan trees that are located just east of the City Hall building and the Kapok tree that is located just west of the Cultural Center. The lush greenspace at the newly developed Boynton Beach Amphitheater provides the perfect setting for an afternoon picnic or dinner under the stars. Directly across the street, the new state-of-the-art Kapok Park Family Activity Center is a great space to get outdoors and enjoy some quality time with the entire family. t I it it t, A' n. r t f I} 11 - f' S i. gy Dewey Park This park is located in the heart of the downtown business district at 100 NE 4th Street. Don't miss your chance to see the exquisite Banyan trees at this location lit up with thousands of sparkling white lights. We encourage you to bring a blanket or lawn chairs and enjoy an evening outdoors under the stars. It truly is a magical sight and totally Instagram worthy! Support our local business community by shopping and dining locally! Take a stroll through beautiful Boynton Beach and enjoy a dose of holiday cheer and merriment. While you are out and about exploring the sights of the downtown area be sure to stop in and support some of the local retailers and restaurants that contribute to the city's thriving business community. These small, family-owned businesses welcome your business and have implemented safety features to follow directives from the CDC and Florida Department of Health. �a 13 � ts� . l r�a S ��S t t4 l t\ YYII [ t-. s 1, Downtown Restaurants & Eateries The downtown area truly is becoming a culinary hub for all things yummy. There are a variety of restaurants offering American fare, French cuisine, South American eats, fresh seafood, vegetarian options, and so much more. Support our local restaurant industry by ordering dine-in, take-out, or catering services from these businesses: East Ocean Cafe 412 E. Ocean Avenue (561) 200-6006 Chez Andrea Gourmet Provence 480 E. Ocean Avenue (561) 248-0612 Hurricane Alley 529 E. Ocean Avenue (561) 364-4008 The Butcher & The Bar 510 E. Ocean Avenue #101 (561) 903-7630 Pio Pio 510 E. Ocean Avenue #105 (561) 336-4457 Guaca Go 510 E. Ocean Avenue (561) 541-3480 The Boardwalk Italian Ice & Creamery 209 N. Federal Highway (561) 600-9593 Cafe Frankie's 640 E. Ocean Avenue #11 (561) 732-3834 Bailey's Blendz 640 E. Ocean Avenue #16 (561) 806-6064 Bud's Chicken & Seafood 509 E. Boynton Beach Boulevard (561) 732-3618 Sushi Jo 640 E. Ocean Avenue #4 (561) 737-0606 Organic Kitchen & Mercantile 640 E. Ocean Avenue #6 (561) 200-4923 Two Georges 728 Casa Loma Boulevard (561) 736-2717 Banana Boat 739 E. Ocean Avenue (561) 732-9400 Marina Cafe 100 N.E. 6th Street (561) 424-4222 That's Amore 308 N. Federal Highway (561) 801-4842 Jamerican Cuisine 324 N. Federal Highway (561) 370-8946 i s i, w t i i t 1 ! — t :a. in--------------- u Downtown Retailers Whether you're looking to do a little holiday shopping or just need to pick-up everyday items. The retailers located in the downtown district welcome you to shop locally for all of your needs. Artsy Living 412 E. Ocean Avenue (561) 737-2600 The Blossom Shoppe Florist & Gifts 402 E. Ocean Avenue (561) 732-3722 Kenny's Market 214 E. Ocean Avenue (561) 734-4047 Boynton Beach Florist 640 E. Ocean Avenue #3 (561) 736-8378 By cycle 640 E. Ocean Avenue #21 (561) 600-5944 Jackie's Pet Boutique & Spa 640 E. Ocean Avenue #18 (561) 739-8663 Scheurer's Chocolates 640 E. Ocean Avenue #10 Tropical Troy's 640 E. Ocean Avenue #7 (561) 628-8292 Lighthouse Vape & Smoke Shop 640 E. Ocean Avenue #8 (561) 509-6850 Angel's Secret 640 E. Ocean Avenue #9 (561) 413-3225 y l r,, z s€ (3r sj s Downtown Beauty Services The holiday season is the perfect time of year to treat yourself. Maybe you have been wanting a new hairstyle or just want to look extra nice for the holidays. Support our local beauticians by making an appointment today or if you find yourself in the area just pop in because many of these beauty salons and spas welcome walk-ins. Original Barber 404 E. Ocean Avenue (561) 243-1039 E&C Beauty Salon Experience 510 E. Ocean Avenue (561) 292-3677 Shearology Salon 100 N.E. 6th Street#103 (561) 732-2638 Alchemy Eco Salon 640 E. Ocean Avenue #5 (561) 877-4739 QUIRE Barbershop 454 N. Federal Highway (561) 327-9500 Son Barber Shop 312 E. Boynton Beach Boulevard (561) 727-6061 Penn Nails & Spa 640 E. Ocean Avenue #17 (561) 572-2282 Perstist Nail Bar 312 E. Boynton Beach Boulevard (305) 879-3155 Mak Lash and Beauty 618 E. Ocean Avenue (561) 777-7123 \i(ll\t��S��s�Si`4f��11`��4�1�`�}�Ilt{4�r��\Ili�i}�s 144 r4S }} {ji +silts i,}7\tt t \�t t4,tf.,svUs)t4tS,#\�,��5`> E S4`'•Er�r(l{"3�£S6 ,;,5,�� ss.,g, it?J Ont z, ll1� }Pitt a, 4 S�4Ss#F t#ifi2k r si i(r ss tr t a s{z, --- t��4� ��1\,?ids�S 1 1 ry I � k 3 i )d l� t a k �((sif}Ytslt)j}s h4}�i}#t r�l iil ra tk' �� (l��slvr41)��lfi��i11r Tsar 1 Downtown Health & Recreation Looking for an out-of-the-box gift for a friend or loved one? Why not give the gift of an experience? There are a variety of recreational providers located downtown that offer services that would make an excellent present for individuals of all ages. The Sol Oasis Healing Arts Studio & Spa 408 E. Ocean Avenue (561) 336-1067 Fly & Flow Fitness 640 E. Ocean Avenue #20 (561) 543-3433 Pilates Body 100 N.E. 6th Street (561) 737-4377 Novus Escape Room 458 N. Federal Highway (561) 810-0487 Despite the holiday season looking a little different this year there are still ways to creating lasting memories with family and friends. Visit the Light up Downtown Boynton holiday display for a memorable holiday experience. Whether you decide to drive through and view the lights from your car or take a stroll down the avenue, this lighting display is sure to delight visitors of all ages. Be sure to remember our local retailers and restaurants throughout the holiday season. To stay up-to-date about the latest happenings in Boynton Beach be sure to like and follow @BoyntonBeachCRA and @BoyntonBeachCity on Facebook! December 10, 2020 Driftwood's Shrimp & Grits — Bon Appetit Boynton Beach =i ON AP Boynton each I'l 1*1I ng 31 i S t � 1 Lake Worth native Jimmy Everett has debuted his first restaurant Driftwood (located at 2005 S Federal Hwy.) after training at the Culinary Institute of America and working in New York City, Los Angeles and Hong Kong. Driftwood prides itself in sourcing local and sustainable ingredients, which results in fantastic fresh flavors that are unique to Boynton Beach. A cozy atmosphere of reclaimed wood used in their interior wall paneling, tabletops and bar pay homage to their namesake, and create a tropical-nautical feel that embodies South Florida. Stop in to visit their restaurant and see why locals can't get enough of their Southern- inspired, sustainable menu. Ingredients Cheddar Grits: 10 cups whole milk 2 cups Marsh Hen Hills grits (sold at Driftwood) 1 cup grated cheddar cheese 1 tablespoon butter Pinch of salt Shrimp- 2 tablespoons butter '/2 cup of seafood or chicken stock 1 tablespoon N'duja Salami (sold at Driftwood) '/2 Lemon (to taste) Scallions thinly sliced Steps To make the grits, add milk and grits to a pot and cook on very low heat for 2 hours Add cheddar cheese, salt, and butter to the grits For the shrimp, heat a frying pan over medium heat until hot. Sear shrimp until half cooked and remove from pan. Deglaze the pan with stock Add N'duja Salami and butter and reduce the sauce until it coats the back of the spoon Add shrimp to finish cooking Plate grits, top with shrimp and sauce, squeeze lemon over and top with scallions (to taste) December 16, 2020 OK&M's Scallop Po'Boy — Bon Appetit Boynton Beach ON APP2T_ IT (Boynton CBeac Featuring E > t I` t Chef Coton founded OK&M in Boynton Beach to share her love of quality "Clean" food and passion for supporting local business and sustainable living. Chef Coton started her culinary career catering high-end local and global corporate engagements in Las Vegas. She then worked as a private chef throughout the Palm Beaches. Now Chef Coton brings her culinary creations to life at 640 E. Ocean Avenue, Suite 6 in Boynton Beach. OK&M specializes in delicious curated creations that start with high quality and fresh ingredients that are locally sourced. They offer something for everyone including vegan, vegetarian, pescatarian, as well as grass-fed beef and bison along with a full coffee and adaptogenic tea bar and organic juices. Order-in or take a meal to-go at their beautiful Ocean Avenue location. Ingredients 1 Brioche bun 2 tbsp butter u-10 Sea Scallops Blackened Remoulade (sold at OK&M) Shaved Brussel Sprouts Shaved Red Cabbage Red Cabbage Microgreens Steps Butter & toast sliced Brioche bun Combine remoulade, shaved brussel sprouts, and shaved red cabbage to create a slaw Sear sea scallops in butter on high heat Spread remaining remoulade on brioche bun Place scallops and microgreens onto bun Serve remaining slaw with the sandwich December 23, 2020 Sushi Jo's Naruto Maki — Bon Appetit Boynton Beach z `N APP,ETIT Boynton Beach { 18i"1. What is more unusual than an American sushi chef? Born and raised in Miami, Jo Clark started working in restaurants at the age of 13. He served his sushi apprenticeship for a decade at Yama in Lake Worth, where he worked with chefs from different parts of Japan. He opened his first Sushi Jo at The Ritz-Carlton in Manalapan, and now has three locations in the area, including in Boynton Beach at 640 E Ocean Avenue Suite 4. Sushi Jo has earned a multi-year Zagat rating, and is one of Palm Beach County's premier sushi restaurants. Ingredients Cucumber Cream cheese Raw Salmon King Crab Meat Masago Dashi Vinegar Sesame Seeds Soy Sauce Steps Cut salmon, king, crab, and cream cheese into thin long strips. Thinly slice cucumber into one long sheet Layout cucumber sheet flat and begin to fill one end with cream cheese, salmon, king crab and masago Tightly roll all ingredients into one long tight burrito-like cylinder Cut into 6, 1/2 inch wide pieces Drizzle with dashi, vinegar, soy sauce, and sesame seeds Attachment IV BBCRA Social Media Top Business Promotional Posts (10/1 /20 - 12/31 /20) Post Details Perfon-nance for Your Post Boynton Beach SRA Pub�iVed b� y 8 6 9 F New Business AlerV No Pio Ocean is now open in the 5 O Ocean building, 36 located at 510 E.Ocean Avenue. Unit 105 in Boynton Beach Be sure to stop by to support this new Olocalbusiness! 28 26 2 P 1 0 I 1 0 S 3 3 0 P;-.. 3 3 0 91 1�k 4 0 87 ....... NEGATIVE FEEDBACK 04 Get More Likes,Comments and Shares 0 - 01 When,you boos.,tNs.post,yoX1 I show it to imore psop4. 969 127 Feop--Reap ed E-g amer,ta Liu Adanic 2--, 2,Zomm8,,,ts Stars- Post Details Perfomia nce.for Your Post §oynton Beach CRA "Imfember 2S J3 2,659 #Bon AppetitEqynionEeach premiers tonight al 5:OOPM! 80 SM Join Gali Prat from The 13W.'cher and The Bar and learn how to,make their farnous Boynton Sour cocktail'. Visit the Boynton Reach CRA's Facebook and YouTube,page ever; 52 14 38 Monday forthe next 6 weeks to learn new foozd and cocktail recipe's from 0 inspiring local chefs throughGut Bcp/nton Beach, a 6 2 Visit The BLAchar and The Bar to trV a Boynton Baur this vweek,s On n 5 3 of Sh,:,�rIS e'.s 12' 11 1 -4`1 YES Or"Sh-�rL 97 7 1 89, pi-cfilo m "s CD��',-,rC":,cks NEGATIVE FEEDBACK 01 01 01T p s 1101 ra':�e de,sla c 0 d..- 5-2 e -7. 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Post Details Performance for Your Post Boynton Beach CPA by Reret,^,iv1,wViPhe Pobels : Navenher 1,074 New business alert' 48 Scheurer's Hand-Mpped ChocoWes is now open In Ocean Plaza x,640 E Ocean Ave � *ShopSmaH and pick up your Holiday treats today32 0 0 1 �,,rx C,,F= F.- 7 7 0 4 4 0 5 5 0 R- 43 9 0 34 �� lrt �i?} �� `t r, ,� NEGATNE FEEDBACK 0 0; P, 0 01 e 2a e, Schpurer's Hand-Dipped Chocolates NJ ovem bR-',� it 8oyrtvi Be8W�,iDCa.112,r1 -.F,51O.-GUarl" P%eufer,s Fna,�Y oper,t,ba, ness sr aur read irc rnp,i.ed c Cc,-e sr---i,�ir beautV store in, More 1,074 91 Boost Unavadabte r,eCPte,qeaV1,ed En g a 9 er F,r f S C)o Liu-en Adan-7 3,7,5 M ethers 3 Comm&-,.s 5 Shares Video Post Shares See Mebics for Al I Videos Performance for Your Post Boynton Beach CRA,was live PubFshed.-Y Nle,--ede=CcppRr Ds----mLer 1 3,461 Peop£'-Reacheu We're live in downtown Bovnton Beach for the Holida,ysl Visit sorne of your favo rite lousin es ses on East Ocean A�venue. 2,300-3-' econc-,,'Videc Views 1173 R.e-,Kflons.Ccrn,TIenu-- & Shar--s it 101 46 55 0 �k"e On P k3s t 0 f i S h a s 2R 21 a C) 0 n PDsl ._.91 S h a r,.,, 37 10 27 On PDsl On Shares 8 a 0 5%h aa-e On Post On Slriare�, 703 Post C-16cks 77 .3 623 G ldxc"' ri f Link CIi,K n Othel Chck"'-" NEGATIVE FEEDBACK 0 Hide Ro5z 1 Hide AH Pos�s Get Mare Likes,Comrnents and Shares 0 Repor�as' 0 Unke Pa-,aa 'When you boost this post,you'll show A to ni Gre people. - n'7f py' I Rs-. _rq-- p ',-z 3,461 876 recja Reaches ErgBgernan,s vm Amber Clark,Tara Polals and 4�+others 10Conirnents 6Shares boyntonbeachcra starbucks boyntonbeachcra New Business Alert! @starbucks os now open at 1620 South Federal Hwy in the Riverwalk Plaza. -starbvcks#Boynton8each #newbusiness—Icoffee Fdowntown boynton beach DovnitownBoynton Iwarren3l @rjrnO597 Q? Rn py Liked by reneedventUres and 41 others Add a comlin-nt— boyntoribeacricra ... No?io Ocean boyntonbeachcra It's #tranfoiniationtuesday! Take a look at Pio Pio Ocean's arnazing transformation. Jill Want to learn more about how to ............. transform your business? Visit our website here: https//bit.1y,'3i-nGLieGA �redeveloprnentworks #boynton bea cheats#bcyntonbeach delraybeachexp Congrats I See Q you soon I Rep)y Liked by guacago and 48 others Catch Boynton Beach t_ o lnt£w,neachCR Nov 2 Bon App6tit Boynton 8ea& A Culinary Showcase r is =4,0c" - -- �rr �? �t � u } "l o t ME I:i OR mass= Bon App6tit Boynton Bea& A Culinary Showcase The, "B oynt' r�, Beach `womi-nunity Redevl{CIpIrfe it Agency (B Ceu) 8s cdtal':,or atm wIth five phenomenal chefsand ontf-, dynamic rnix 3locost f.,.. h C w}r� a l)ins1 le= ,, ',o" cif,P�-"�,t,s'a.t;7Ti,, dh Catch Boynton Beach @oyC"il.onl3e'ac@`tC'R Dec22 °a Take a 1I at Tropicah Smonth i Cafe, Want to learn more about how to transform your business with great funding? Visit the 88CRA wel sit here-, st 3 i` 1 Sy ti 7 g i � 1 i r t„ }try jt, y, t i m ^ l The BBCRA Facebook has grown by approximately 620 followers between October 2020 and December 2020. Teta Fuge elbwer ; 6,554 Trawl Page Followers a . The BBCRA Twitter has over 14,800 impressions between October 2020 and December 2020. Your Tweets earned 14.8Kimpressions over thus 91 day period ®sK W ,rDec I The BBCRA Twitter profile visits have increased by 134.7% (460 total profile visits) in the past month. The BBCRA Instagram reached over 4,000 users between October 2020 and December 2020. r " r f4 tai nr r w i t a BBCRA Social Media Posts (10/1 /20 - 12/31 /20) The following is a list of all BBCRA social media posts for the 1 st Quarter. The BBCRA social media posts consist of a variety of BBCRA events and projects and programs, original content with information about BBCRA businesses, and shared posts from BBCRA businesses. In general, additional paid boosts or advertisement are used to highlight a special campaign or event in order to reach a broader audience. As a result, these promotions brings a higher number engagement. An alternative to paying for the paid advertisement is to vary the content of the post by using videos, trivia, contests, etc. in addition to the still photos or images. This quarter's social media data indicates: • Paid boosts and video posts have the highest numbers of reach as expected • BBCRA development projects continue to perform extremely well without paid advertising • New business announcements have the next best performance numbers • Live videos continue to be the most engaging posts for the BBCRA audience • Businesses with social media exposure or an active presence will have consistent numbers of reach Date Post Content Type of post Reach Engagement Paid Promotion 1r'11r'2C2; m rrfn ��?rru=Ro. f1 11 254 3 trnt E hOrneflisdt 1u^E,! 1 rai9 F.Bwors have a rrivec 0.,f 2&,� 5 Dai S61 Sa.._ren,stop in lir 1 1n r r22zT �tNLi onCot it 325 5 Healt ; ticds-.t,s'WE c c 1C C-q2252=7 Octobt:r rieal'n enc 4 VO-Hrass. 1 2&3 1C&32,322 16 1 aka parresarvst,or r-• tt41 eu3] 7� eyto sEab"Btu 2 1 C C x2520 ITST Or,e year agog r $ 4191 BS.'CRA RP'sig ned t1A: 1r M'2C2O Go n jrojppars are here=. 4 2C=-J 2 aka s k st this'= co 1 1C OT2>C'20 FSH has sr a-a1lr,-Juiqe irr, _ 2 219 pu rnok,n dd ghts .Ct r' 2 1n.Ci,"2=C25 Bc seva lPsi-de BcyrlonI 19-1 % Beal nn nF 'rp t 1C C#a=2>C'23 crtrr _ 105 C 1CvC-Y2,3 20 _onig,n': FEurr sane.alit yu - 3 1C M,5(23 21-3 Do you need sorrie hvng to 248 9 it [uump-sty`?y oL'klond,ay 1C CW23z42 r ohd3- <4a Cc, rry° 1 3c;' C haS s great .a ,ety d bL ffS 2 1C&322020 � Nel.V SDecra s al, C r� 1� 24� eve new; C 'ut hem lid 5 1 a.C2 4C `.r ,ncredlala ss 12 1 C C2.r2>C'20flRk.a tcnnig hr a.,pdzza 111Ch1 2 29,3 1 `uln€4"r,-A..sr.mortn Y harT 1n C.2:2320 Pick_p a Vest at Dsrlaf/s 2-1 2 B.ie"dz! 10°01.°217'20 Check out our r~aNvB,aHar tc,see 17 299 Date Post Content Type of post Reach Engagement Paid Promotion 1r' =0 20 ' tO F 497 ne r4,N 11.h AvalLe 1Ci21fi'2020 7aka 3 1 g@ kat Sy y 483 12 new aerwice 5.,,ar! la 22 L 1c l.2,3 2= le c_ "F is to 173 armounsa,c_€e to C,--)%,qD- 95 1C 30;2,32 ApsxNL-tworlk Physical 1 134 7ner:py =-offerir-a free 1 1 1&`.Pi20 20 h's 0 4 4 i,3 31 "Y lIT,Br,-Fo,,n3luor,-Les,13y! 12 1C,1 Q-2>J'2? 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D Onder 36>1 1 dour saa_oma1 des.roan PR 11 iO5=,O j oo n u s for ss ar "Lir 0= l 1.ral•: 17" ."'_Boyr on Bea a'k u _ Be- 11 05,'2G20 tie Bcvr.rrr Bea E uR: 11 C P Adviso p,_oer-d n7eer n "u`' '. 13 .. 1I.AD 2C,20 Look ng for a°.°e„ n opnio p U 52 12 .hr For dmnner?T-y Or f.�ocd 1C � 11 Z4,2G20 Naw ousiress s.ar'E Ms3 352 2 k It 1 i, 1'2C,20 _ 13 3 1.TK 133 sr s-crm-. Tae-=_c i 1;3 aLayaos n �e rde11R"2C20 3N3 e mar,3 herep Tr•�,h�rB�T� 1 Date Post Content Type of post Reach Engagement Paid Promotion 1,323 14 11r2*2C23 i � 521014 a4 a[ tlnis vie,-k:!This year,Mole 17 1 V2,1'2 C20 it Ti 2 5 ner a-w la C.1 i,.; � 9°}" � View Promo on r Ba m. to,ury s Soycr Lour, 4,_r 11 Y2C2 E� ar.�a.. ori® sPW „.1 i 97` pre rars torignt ari, 2— 11.`22,!2C'2,3 i #SLId;3`J7L'r ra -HO i -u 48 w,= ars v .-€_rarC rg'SOL-' x 277 11 m�1°2C2 R(lark y our cak-ndou for r 14 UIQ 41:5 ApDa.,t Boynton"EaaCM 14 11 "2C2> 9Q hec.°:�.DL, DLr Ea, .bfic��q 12 c.a ing sonle of una 11 2'2 0 20 i j BocDk vc ur next adwar?.L"e 2C2 a�an.n Found At tins � 11 19,2 C20 r "a;,` i =i � car n o-a 2 9K� K-5 Hear.o Bc,� lo-,! ,moi tom- ! 1 11 a 1&'2 C,23 V S YIDLr favor e•chL-#it v 9 Ae� gar ,i-a r FRcn Z 1 F, 3C ,. Y 0,"J!7r're 9_0..ng 6 0isvid uA 11`18,2020 14avv a ir"--Ss-Iic t!Pio S 91 Pic,ODear is nc opar°ir- �i i 1 3C, 1 V 13 2C2,3 � LooLooK YCL r OEM.hi_ siN i 101 2_,3 4 11a17,2C23 7ne SRSICRA os exclsd :o a 1C, 4 3C.S 11;1'7,'2C23; s scoTuescsy�a� 'rri 1k 70 214 Hjrr_ns.A!a-�i 11 1'2020 Dor F&3eT Ito orae,yoJr 2-' T.ars_= vng pew"rc-n tar: 11 1&'2020 gAta wsrr c�,Rar rcm fr uv!Ile u o tage 0-aSviri 1 11'1512 020 t 1i3k:a sure VaL r e s �.. � 2�2 ` A handsorr Tor the Hcl dsys9 d � Date Post Content Type of post Reach Engagement Paid Promotion 1 LIC12020 Ha is you herr vier o I nr,n14 2N 9 f:-�a Bon Appedt Dcyrloll 12X-212320 It s a bea-A,-L,dad c,�l,ab 7 1,4 a bit-2 a"Madra 7 12,`CA,'2,320 `Aa',,E live it omwn""Yd"Irl BcymZ� ol Bea rl fv,rhe 17 12 i G 1.20,20 ra are five it Oovvntown 522 1 a7r eayrlon ata Un To fight'.ilp 41 'Aisrn,i jp toda V viih a 4 1 ED 2 6 -ron"Ccn7n"Ol 11''33,2&23 Visit Chaz Ardrea 3v.=Pr. 04, 72 -w Prumofion ViL Prcrvance to try a Spouii ll!'30,'2C23 D,,,d y�OL'nCel:eOL esir 3 1 SID 113P'2&20 as want lz,hear ftem8 955 7 YOUI Tnrr=Conlage Districl. 1,1!'33.20,20 Don Appe6z,Boyrzcvi D-aact- iYO 1 81 �5 bBok!7Lnr-in a4 SPM-"--r 54 be7--r way to and a3 Hofiaa yvaeakarc:i 11,an wiflith 123 2 11 _` :2G2G 11's 5 F 4CS -ra12 is ness'-El--;t-irda y, 11 G23 IN4ewbusirasa ar'arfl 42 Sahejres Harr:J-Dirpaa 1. 48 11!27,62 023 h s#,Dlack'Fric R� 0 Tnisyeaar, 2 nE:au141 EM. rnore diz.n aver,it s 1 1 G20 7-sk-n n lloc�irsaaa Oceam 7 Cf5 BnEaza East ADsrtmentB 14 ne Ecyil,,on Besoh CRA 3 3 k�R X?Yxiish eve7ore 243 11 2-5 2 G210, Tie HofiJasaasor,is 4 3 hMro -ffood?'V,6�heap Think"'ng C lV2520,20m zc[-e-sr 4rcY iYO 2 q 7, 11 25,"2G23 I arotd.o ata f07 4 ZS -5 1V2420,2011's F 52 -53S ff M IM IN a r�s fc,-� a t o r,I L e sCi As 14 Date Post Content Type of post Reach Engagement Paid Promotion 12A 3h2020 Beach CRA 3 Ufii 11 2 121 O/2020 'Thr-mv'backThU"EdS"mSe- 5 - 4,14 INA, 1'54 h ,the&:yrntor EeaCh 1211 Y2020 'a :R lil@ k.sI,c j r HBcg,fotil - 224 Dn��, d Bc�yPA:on_wen's 21 12.1 0,P20 2 0 dicey Epac,4als are21.3 , kIA avaiiabile ai�"E&C's EaMLty 3 12/0,'W2,320 C'niristn3scastarimcm BwBilable a,�;:.q�e F-7ark,esl 2&9 3 12eCva-2020 YOU if, 3CS in at DaR Sd Sakarv� MGk�e S qi-t-'cr 1113 2 Eornao-�a c,'CIr 12iG&2,020 The rEw,9cvriDn Bearn 25:3 3 3 CRA Board Ma-sting vA, 3 12iG7.;2020 'a :R k.sI,c j r v8cc, 25 34, iu 12i&7'2,320 Visit Orrftwcod Bqwritan V1432S 221 14.2 View Promofion Beasn iouv?heir shhnp& 12iG7.;2020 BonApper.k Bowze.-i B-3zc-i- 4403 �s back!! .."Ie mr sT 5FM=or 12 12iDY2,020 HaVe VOL t,iiev Tckio 32 Rnmer-E&o� IMIA 581 yntor,Beach, 22 12110,Y2,320 :��M Ghve the gtof flignt F.his 15 Al % 2C5 Hofic'sy 3-2aEon ar Fly& 3 121&5/2,320 Tara a i k.-:30?he se2 341 4 ED Sez"'ad scaflops 1 2,,C,5.2,320 #S'nop'-ocal for the 1114 f:il-,arma.n n your Ve ar. 3 12/C4!2,,320 7G R r0sks:tor-ght s 01=s 3 �kl 'r 3 74 n i a,,,Tn a t's.-Im 12,T4,202NO -aK-:R i0o."�n=iaa C,4,00-22n 136 3C22 Breeze Ess-=,Ao irr.ms hl,s Cele-rare the start of the 1 G5 A, 2 waekend'mmorrow-A. 14 HM-ke yl:)L bear,warenrch14 11:41, 259 t�B o n Ap p e T.i t B ow r,o n Date Post Content Type of post Reach Engagement Paid Promotion 12,--2 2>0'20 Strugglirg ic"ind a'asl- I 217 mlinuie,g'A.T'Evia-y-ome 4 rsorsa-gat ic-,,,asI 2 m fish?#ShopLos-al at 2 12 -&'20 2 0 Sai VinnanlOn 225 vee•fs are Fede or, 2 rvaF-c:h.=-par4cct g�,f-.for 4 275 your s ar *Shc,DLc,,:z,, 1 L-1 1D'202'0 7,nisvsae ordy at.C,i--z 144 2 Andrea,GOU'Mat 1121ISx2320 StiIII=�,z ng for Ine I Q gift-or�OL!'07V:ile-? -Wrll� 145 3 IAwR ars line aii R-3 Pie 142 41.5 Ocr=an 1 47' 1217!2320 t o-ur flil-ry fr-2ra cLasamea 3 AV a gift Too #S�nof-Loca or 5C,9 15 12,1&20 2 0 Dij you s Or-ma n1lo 05 A,, 223 Kirohen and Me,santille's 3 121&2370 t'5 Nl,-P,c •IC,flniSll YOL--,7'0�CIE,y f -- — I - u 2F 5 _nopn�ng,?:OS nop—ocai for -11to mark yo 4 12:^13 2 0 Don't fbge- , n x 1203 c a�err s- -.rroA 4 �- Jar. or tornc 1121,152,320 ffi Stop b,,Hur,,--are Alley, RED "V toniig-d"c",Rome ._,sty ,Dcd, �00 144 12,1523"70 Still ne--d a gi4t--r Oad'-"' 211 I "Snap -A and pick-jjp a 3 Visit Orgz nic Kftcher sInd59 NO 1. 27 View Promofion NA-arcan -2 touy saa 12 +20 2 0 i Alrji Bqerrmn&aa&, Is 343 is Lack!Tne in ai 5P,� Dr 15 12,'1.32720 BoymiDi BF-a.Dn Parasailirg 4 293 iB back a,:!tlE 2eymon I 12 12 2>220 If 5 a max-L CRY lovisit5 327 Two Gaorgas W.�I)R-font 5 i 1 11'2 Sae.:ai a onrirg to:cm r! I '4visit isskis's Groomir g 4 121`1 1 2020 Laok I-CL r peat"i Holiday 4 0 seaBor,ars S"nop a= 2 Date Post Content Type of post Reach Engagement Paid Promotion Enor st ki tt r i0 rear- 74 1 your tsb je st C ale. rankirs 1;, 1 r,"a srr ue_dsy! �� sa.® 1u" �aa �e s bo,r,:1,,.Pic P 12.129,2320 7ncre s st k4 ti re z 1 4 2 tale rs1= ia the e `ear at 3 1 sr220 `,ispr Th.s° Aori for. 1 try (ff View pr•ornoion, JE OLS ire-ir,,Cyst, 1212&2020 B ,l Appedz E ryntc'n Read is s ttT'1, 349 -back!7Pr"np in at 5F=l or 1� 1 202 `'` Eroy SurdnvIML 11 or, r 1 s 8 . n=tester s,.Prhm Ca-.ch, 5 1 r�2r7nsre S sC IIN s -ie 4,.c rtes tt'�r1 293 1 `.our New ezes-= F'om sI1 ct is the �t 0 j � raara t{ k1' 1s,� 121242020 Varra 2i`tr mas E e� 0 . cs ie.sse oe si=re tne 5 12Z2,Y2,32113 G d yPOL saF S7i e10- ;i° 176 a - B c°yrtcl Beavl On Son 5 12123,2321D 7nere s st E tt ma.o 1rei t.v fps 2z2 3 n t 1' s 44"` !sit Mr MIS rn For"you 12Z=2,32113 SIM o�ng for Ine pe-fe�" � .r i' 1� � a 12/2Z2,320 It 5 355 T sr?a•mnstuar � is°@ 5 12Z2 1`202113 ` iskt S, shiE Sounresr�, 12 '1 0 1.9K rar F' 5 Vi mmo on 121i2>32 0 Bon Appetit Boyr,on a .r1 � ark 22V� 12 is back!lune in an 12Z2 V232 �ne-re _sit `' p so-a 2 your Chr:_.rvna_die o JFr= „..1 1 1 2 121i2>,3 � `� ,Strugghr,,g irk sst- 2`17 1 1 O."202113 K,rav so.-as:6 st loves 1 220 2 jM is fishT' hopLossl st i' 1 1, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 CRA PROJECTS IN PROGRESS AGENDAITEM: 13.C. SUBJECT: CRA Economic & Business Development Grant Program Update SUMMARY: The CRA's reimbursable Economic Development Grants provide 50% of the project costs in matching funding for rent and commercial property improvements. The grant programs continue to further the CRA's mission to activate vacant commercial space, assist businesses, create jobs and develop a vibrant downtown. Grant guidelines and applications can be downloaded from the CRA website www.boyntonbeachcra.com. Below is a status report of the CRA's Economic Development Grant Programs and Business Development activities for FY 2020-2021: FY 2020-2021 Budget $402,113 Grants Awarded since October 1, 2020 - $110,674 Remaining Fund Balance as of 10/13/2020: $291,439 List of CRA Board approved Economic Development Program Grantees since October 1 2020: r dd"''"' rt dA- ie rty ; rtGv r date H. Longo I nsurance 500 Professional Rent Associates, Inc. dba Gulfstream $11'568 $0 Allstate Boulevard Office Reimbursement Boardwalk Italian Ice & 209 N.Federal Ice Cream Property $g,269 $9,269 Creamery, LLC Highway Shop Improvement Saikrupa 1900, LLC dba 1900 N.Federal Motel Property $3,837.41 $3,837.41 Inlet Inn Motel Highway Improvement Pending Approval December 8, 2020 Oak Mt. LLC dba 906S. Medical Rent ApexNetwork Physical Federal Office Reimbursement $155000 $0 Therapy Highway 512 E. Rent N&D Cafes, LLC dba Woolbright Restaurant Reimbursement $71,000 $0 Tropical Smoothie Cafe Road Property I mprovement No New Business Tax Receipts issued in December 2020 within the CRA boundaries: Nam ` arh Addre fi �' 'Tp . FISCAL IMPACT: FY 2020 -2021 Budget, Project Fund, Line Item 02-58400-444, $402,113 C RA P LAN/P ROJ E CT/P ROG RAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required by the CRA Board at this time. 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.A. SUBJECT: Audited Financial Statements - FY 2019-2020, Fiscal Year Ended September 30, 2020 SUMMARY: The Fiscal Year 2019-2020 financial auditor's annual report and audited financial statements were performed by the independent certified public accounting firm of Sanson, Kline, Jacomino & Tandoc LLP (SKJ&T) and are being presented to the CRA Board for their review and approval (see Attachment I & 11). The Statutory objective of the required annual audit is to assure that the financial statements of the CRA are fairly represented and in accordance with generally accepted accounting principles and governmental accounting standards as well as for compliance with applicable laws and regulations. During the annual audit, the auditors examined the Agency's financial records to obtain reasonable assurance that the financial statements are free from any material misstatements. Examples of the types of documents the auditors review and test are: general ledger transactions; bond or loan issuance or refunding; journal entries; adopted budget and budget amendments; operational, administrative, human resource and financial policies and procedures; personnel records; payroll records; Board meeting minutes; and contracts and contract compliance including real estate closings. The audit as performed by SKJ&T acknowledged the following: • No internal control deficiencies • No audit findings of noncompliance issues • No audit adjustments • Cash position remains strong at $14.2 million in all funds with sufficient fund balance for working capital and ongoing project funding For the twelfth (12th) year in a row, the Boynton Beach CRA has received a clean annual audit opinion for the financial operations of the Agency for FY 2019-2020. Richie Tandoc, a partner in Sanson, Kline, Jacomino & Tandoc, LLP (SKJ&T) will be present at the January 12, 2021 CRA Board virtual meeting to provide an annual audit report summary and answer any questions from the CRA Board if needed. FISCAL IMPACT: FY 2020-2021 Budget, General Fund, Line item 01-51420-200, $18,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Accept and approve the Fiscal Year 2019-2020 audited financial statements for the period beginning October 1, 2019 and ending September 30, 2020. ATTACHMENTS: Description D Attachment I -2020 BBCRAAudit Results D Attachment II -2020 BBCRA Financial Statements 9.30.2020 S t � S `i r rF t f l�Z 1 -: i ejrfl 4 1- , c, 1. 1 ? h 1 f , t-'=, � alp: � � - � �• e 'ss -------------- Aft t� t, 202 i �ic c� se Charge Oh Gov � n SibLo_ Sanson,Kline,Jacomino&Tanoc,LLP 5805 Blue Lagoon Drive I Suite 145 1 Miami,FL 33126 Tel:(305)269-8633 1 Fax:(305)265-0652 1 www.skjtllp.co December 9,2020 Management and Board Members Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach,Florida 33435 Dear Management and Board Members: We are pleased to present the results of our audit of the basic financial statements of the Boynton Beach Community Redevelopment Agency(the Agency)for the year ended September 30,2020. This report summarizes our audit,the scope of our engagement, and key observations and findings from our audit procedures for the year ended September 30, 2020. This report also contains the communications required by our professional standards and by Government Auditing Standards. The audit was designed to express an opinion on the Agency's 2020 basic financial statements. In accordance with professional standards, we obtained a sufficient understanding of internal control to plan the audit and to determine the nature, timing, and extent of tests to be performed. However, we were not engaged to and we did not perform an audit of internal control over financial reporting. This report is intended solely for the information and use of those charged with governance of the Agency, and is not intended to be and should not be used by anyone other than these specified parties. We appreciate this opportunity to meet with you to discuss the contents of this report, and to answer any questions that you may have about this report or any other audit-related matters. If you have any questions, please contact Richie C. Tandoc,Partner in charge of the audit,at(305) 269-8633,ext. 8016. Very truly yours, Boynton Beach Community Redevelopment Agency 2020 Audit Results ults and Required Communications Generally Accepted Auditing Standards and Government Auditing Standards require the auditor to communicate certain matters to those charged with governance that may assist in overseeing management's financial reporting and disclosure process. Below is a summary of these required communications,and our response to each,as they apply to the Agency as of and for the fiscal year ended September 30,2020. Required Communication Response Aditors'Responsibilitaes tlndcr Generally Accepted Auditing Standards(CCAS)and Government Auditing Staradaards(CAS) Our responsibility is to express opinions on the Agency's We have issued an unmodified opinion(i.e.a clean opinion) financial statements based on our audit conducted in accordance on the Agency's basic financial statements for the year ended with auditing standards generally accepted in the United States September 30,2020. and Government Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable We have also issued our report on the Agency's internal assurance about whether the financial statements are free of control over financial reporting and on compliance and other material misstatement. matters for the year ended September 30,2020. We noted no material weaknesses or material noncompliance issues. In addition,we are required to report on the Agency's internal control over financial reporting and on compliance and other Both reports were dated December 9,2020. matters. However,providing assurance on the internal control or compliance with certain provisions of laws,regulations, contracts,and agreements was not an objective of our audits, and accordingly,we do not express such opinions. inions. Significant Accounting Policies Initial selection of and changes in significant accounting The Agency's significant accounting policies are described in policies or their application and new accounting and reporting Note 1 to the financial statements. standards during the year must be reported. Accounting principles selected by management are consistent In addition,we must discuss our judgments about the quality, with those prescribed by government accounting standards, not just the acceptability,of the accounting policies as applied and the Agency's financial statements and related disclosures in the Agenc%,'s financial reporting are clearly presented in a complete manner. Accounting Esthuates The preparation of the financial statements requires the use of For fiscal year ended September 30,2020,management's accounting estimates. We are required to inform the Board of judgment was called upon to establish the useful lives of such accounting estimates and about our conclusions regarding capital assets. We have determined that such estimates are the reasonableness of those estimates. reasonable. Methods of Accounting for Significant t'nusual Transactions and for Controversial or l°;aaaa:rging Areas We are required to inform those charged with governance about We did not identify any significant unusual transactions by the methods used to account for significant unusual transactions the Agency or any significant accounting policies used by the and the effects of significant accounting policies in Agency related to controversial or emerging areas for which controversial or emerging areas for which there is a lack of there is a lack of authoritative guidance. authoritative guidance or consensus. Significant and/or 1"nadjusted Audit Adjustments We are required to inform those charged with governance about We did not identify any material audit adjustments during our i auditor adjustments arising from the audit(whether recorded or audit of the financial statements as of and for the fiscal year not)that could,in our judgment,have a significant effect, ended September 30,2020. individually or in the aggregate,on the Agency's financial statements. 1 Boynton Beach Community Redevelopment Agency 2020 Audit Results and Required Communications Required Communication Response Fraud and Illegal Acts We are required to inform those charged with governance about We are not aware of any fraud or illegal acts that occurred any and all fraud and illegal acts involving senior management during the fiscal year involving senior management,or any and any fraud and illegal acts(whether caused by management fraud or illegal acts involving any employee that would cause or other employees)that cause a material misstatement of a material misstatement of the financial statements. financial resources. Disagreements or Difficulties with Management We are required to inform those charged with governance about We did not encounter any significant disagreements or any significant disagreements or difficulties encountered with difficulties with management during the course of the audit. management. Major Issues Discussed with Management Prior to Retention We are required to inform those charged with governance about We did not discuss any major issues with management prior any major issues discussed with management prior to retaining to retaining us as your auditors. us as auditors. Independence We are required to communicate with those charged with 1. There are no relationships between us and the Agency governance,at least annually,the following: and its related entities that,in our professional judgment, may reasonably be thought to impede our independence. 1. Disclose,in writing,all relationships between us and the 2. With regards to our audit of the Agency as of September Agency and its related entities that,in our professional 30,2020,we are independent with respect to the judgment,may reasonably be thought to impede our Agency,in accordance with Rule 101 of the American independence; Institute of Certified Public Accountants'Code of 2. Confirm in writing that,in our professional judgment,we Professional Conduct,its interpretations and rulings,and are independent of the Agency in accordance with Government Auditing Standards. generally accepted auditing standards and Government 3. We have not performed any non-audit services for the Auditing Standards;and Agency during the fiscal year ended September 30, 3. Disclose an non-audit services Ivrforined for the Agency. € 2020,or thereafter. Management Letter We are required to issue a management letter responding to We have issued a management letter in accordance with the certain requirements in accordance with the Rules of the Auditor Rules of the Auditor General of the State of Florida,dated General of the State of Florida. December 9,2020. Maan,agem nt Representations We are required to communicate with those charged with We requested certain representations from management that governance about representations requested from management. are included in the management representation letter dated December 9,2020. 2 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Basic Financial Statements September 30, 2020 (With Independent Auditor's Report Thereon) BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) For the Year Ended September 30,2020 Table of Contents Page FINANCIAL SECTION: Independent Auditor's Report 1 Management's Discussion and Analysis(Required Supplementary Information) 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position 9 Statement of Activities 10 Fund Financial Statements: Balance Sheet—Governmental Funds 11 Reconciliation of the Balance Sheet—Governmental Funds to the Statement of Net Position 12 Statement of Revenues,Expenditures and Changes in Fund Balances— Governmental Funds 13 Reconciliation of Revenues,Expenditures and Changes in Fund Balances— Governmental Funds to the Statement of Activities 14 Notes to the Basic Financial Statements 15 Required Supplementary Information: Budgetary Comparison Schedule(Unaudited)-General Fund 23 Notes to the Budgetary Comparison Schedule 24 COMPLIANCE SECTION: Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 25 Management Letter in Accordance with the Rules of the Auditor General of the State of Florida 27 Independent Accountant's Report on Compliance with Sections 163.387(6)and(7), Florida Statutes 29 FINANCIAL SECTION Independent Auditor's Report .... .n 411 Sanson,Hine,Jacornino&Tandoc:,ILP 5805 Tilde Lagoon Drive I Suite 2209 1 Miami,Fl_33126 Tel:(305)269-8633 I Fax:(305)265-0652 1 www.skjtllp.coni Independent Auditor's Report To the Board of Commissioners Boynton Beach Community Redevelopment Agency: Report on the Financial Statements We have audited the accompanying basic financial statements of the governmental activities and each major fund of the Boynton Beach Community Redevelopment Agency(the Agency), a component unit of the City of Boynton Beach, Florida, as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the Agency's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these 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 Responsibility Our responsibility is to express opinions on these 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 auditor's 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 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 financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the Agency as of September 30, 2020, and the respective changes in financial position thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. 1 Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information on pages 3 through 8 and 23 through 24 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 9, 2020 on our consideration of the Agency's internal control over financial reporting and 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 the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency's internal control over financial reporting. Miami,Florida December 9,2020 2 Management's Discussion and Analysis BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Management's Discussion and Analysis-Unaudited September 30,2020 The Management's Discussion and Analysis (MD&A) of the Boynton Beach Community Redevelopment Agency (the "Agency") is designed to provide an objective and easy to read analysis of the financial activities based on currently known facts, decisions, and conditions. The MD&A provides a broad overview, short-term and long-term analysis of the Agency's activities based on information presented in the financial statements. Specifically, this information is designed to assist the reader in focusing on significant financial issues,provide an overview of the Agency's financial activity and identify changes in the Agency's financial position and its ability to address the next year's challenges. Finally, the MD&A will identify any material deviations from the approved budget. The Agency is an independent agency and a component,unit of the City of Boynton Beach, Florida("City"). The Agency has presented its financial statements in accordance with the reporting model required by Governmental Accounting Standards Board Statement No. 34, Basic Financial Statements and Management's Discussion and Analysis for State and Local Governments. The information contained in this MD&A is only a component of the entire financial statement report. Readers should take time to read and evaluate all sections of the report, including the footnotes and required supplementary information provided. FINANCIAL HIGHLIGHTS For Fiscal Year 2019-2020, the Agency's tax increment revenues increased by 7.7% or $1,036,121 to approximately $14.8 million during the fiscal year. This resulted primarily from increased property values by 11%within the CRA district from residential,multi-family,condominiums and commercial properties. The Agency began the fiscal year with a net position balance of approximately$23.62 million. The Agency's total revenues for the year ended September 30, 2020 were approximately $15.49 million, while total expenses were approximately$16.02 million,decreasing net position by approximately$734 thousand. The CRA's guiding document for annual budgeting, programs and projects is the CRA Redevelopment Plan. The CRA Redevelopment Plan is organized into six separate districts, each identified according to their character, history, location, land use make-up and intended purpose; 1) the Industrial Craft District; 2) the Heart of Boynton District; 3) the Cultural District; 4) the Boynton Beach Boulevard District; 5) the Downtown District; and 6)the Federal Highway District. While the Redevelopment Plan can be revised, it will remain the planning document used by the CRA for the next twenty years. The CRA, in cooperation with the City of Boynton Beach Police Department, continues to fund the Neighborhood Officer Program(NOP)Innovative Policing Initiative in the Heart of Boynton. In 2019-2020, the partnership funded three Officers and a Civilian Community Service Officer to enhance the Unit's ability to provide a positive presence in the community. The goal of the program is to address crime holistically within the Heart of Boynton by promoting an atmosphere that emphasizes a sense of trust, caring and community investment. Public safety cultivates personal relationships between police personnel assigned to the neighborhood on foot and bike patrols. The major accomplishment of Fiscal Year 2019-2020 was the completion of the governmental and civic components of the City's Town Square Project which encompasses approximately 8 acres of the total 16 acre site. The new 55,000 square foot City Hall and Public Library building opened in June 2020 along with the historic Boynton Beach High School building converted into the City's new Cultural Center and event center. The Town Square Amphitheater and Kapok Park opened shortly after the City hall building with their open spaces are being enjoyed by the public on a daily basis. 3 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach, Florida) Management's Discussion and Analysis-Unaudited September 30,2020 In addition,the City initiated the production of a Central Energy Plant which has the capacity to service all of the public and private buildings within the Town Square Project area with chilled water to lessen the costs associated with running their large air conditioning systems. A total of$8.3 Million of CRA funding was expended over the last three fiscal year budgets for the design drawings, permitting and construction of these improvements with an additional $3.7 million expended during Fiscal Year 2019-2020. The CRA has made a commitment through an Interlocal Agreement to provide funding over the next 18 years for the cost of completing the Town Square Project. The CRA's efforts within the Heart of Boynton District continued with the Ocean Breeze East Affordable Multi-family Apartment project which when completed in the Fall of 2020 will provide the community with 124 affordable units, clubhouse, pool and tot lot. The Ocean Breeze East Affordable Multi-family Apartment project was built by Centennial Management Corp and funded through the Florida Housing Finance Corporation's 9% Low Income Housing Tax Credit Program along with a reduced land cost and funding contribution in the amount of$567,500 provided by the CRA. Economic development assistance programs targeted to existing and new businesses within the CRA district continue to be successful. A total of 19 commercial development grant awards were approved and approximately $662 thousand was disbursed during the fiscal year to businesses for facade improvements, interior renovations, and rent reimbursement subsidies. Due the financial hardship brought on by the Covid- 19 pandemic, the CRA disbursed over $1 million in forgivable loans to District businesses during the month of April through June along with $289,118 in rent payment subsidies for 6 months from March through September. These efforts where well received and appreciated by our local businesses. OVERVIEW OF THE FINANCIAL STATEMENTS The Agency's basic financial statements are comprised of the 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the basic financial statements. This report also contains required supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The government-wide financial statements provide_readers with a broad overview of the Agency's finances, in a manner similar to a private-sector business. In addition, the government-wide statements are prepared using the accrual basis of accounting. The Statement of Net position (balance sheet) presents information on the Agency's assets and liabilities,with the difference between the two reported as net position. The Statement of Activities (income statement) presents information showing how the Agency's net position changed during the most recent fiscal year. All changes in revenues are reported as soon as underlying events giving rise to the change occur regardless of the timing of related cash flows. The expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. The government-wide financial statements present functions of the Agency that are principally supported by tax increment financing (governmental activities). The governmental activities of the Agency include general government activities, public safety and redevelopment projects. Thus, the Agency has no business- type activities. The government-wide financial statements are found beginning on page 9 of this report. 4 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Management's Discussion and Analysis-Unaudited September 30,2020 Fund Financial Statements The governmental fund financial statements provide readers with an overview of each fund and its related function in a traditional format. A fund is a grouping of related accounts that maintain control over resources that are segregated for specific activities or objectives. The Agency, like other state and local governments, uses fund accounting to ensure and demonstrate legal compliance with finance-related legal requirements. The Agency utilizes three funds for the fiscal year ending September 30, 2020,the General Fund, which is a governmental fund, the Debt Service Fund, used for servicing all debt payments and the Projects Fund, from which all capital outlays financed from Bond proceeds or other sources of financing are spent. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However,unlike the government-wide financial statements,the governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. The focus of governmental funds is narrower than government-wide financial statements, and it is therefore useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By comparing and contrasting, readers may better understand the long-term impact of the Agency's near term financing decisions. The `Balance Sheet — Governmental Funds" and "Statement of Revenues, Expenditures, and Change in Fund Balance — Governmental Funds" are reconciled as shown on the "Reconciliation of the Balance Sheet—Governmental Fund to the Statement of Net position" and the "Reconciliation of the Statement of Revenues, Expenditures and Change in Fund Balance — Governmental Funds to the Statement of Activities" to facilitate the comparison between the governmental funds and governmental activities. The Agency adopts an annual appropriated budget for its General Fund. A budgetary comparison schedule provided for the General Fund demonstrates compliance with this budget. The basic governmental funds financial statements can be found beginning on page 11 of this report. The reconciliations between the governmental funds and governmental activities are found on pages 12 and 14. Notes to the Basic Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and the fund financial statements. These notes to the basic financial statements begin on page 15 of this report. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the Agency's budget to actual results for the General Fund for the current year. The required supplementary information can be found on pages 23 and 24 of this report. 5 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Management's Discussion and Analysis-Unaudited September 30,2020 GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the Agency, assets exceeded liabilities by approximately$22.9 million at the close of the most recent fiscal year. However, the largest portion of the Agency's total assets, 58%, is reflected in its capital assets. Summary of Net Position September 30, 2020 2019 Assets Current and other assets $ 14,511,763 $ 15,645,131 Capital assets 19,982,96621,791,746 Total assets 34,404,729 _ 37,436,877 Deferred outflows of resources 808,163 838,263 Liabilities Current liabilities 1,978,936 2;542,088 Long-term liabilities 10,341,493 12,106,216 Total liabilities 12,320,429 14,648,304 Net position Invested in capital assets,net of related debt 8,915,803 8,977,483 Restricted for: Capital projects 11,040,801 11,849,341 Debt service 116,097 109,356 Unrestricted 2,819,761 2,690,656 Total net position $ 22,892,462 $ 23,626,836 The Agency has restricted assets for various capital projects. Governmental Activities Governmental activities decreased the Agency's net position by approximately$734 thousand. Key elements of this decrease are detailed as follows: Summary of Changes in Net Position Year Ended September 30, 2020 2019 Revenues Program Revenues Charges for services $ 1,168,931 $ 1,304,480 General Revenues Tax increment revenues 13,932,896 12,549,087 Other revenues _389,213 540,026 Total revenues MM MM15,491,040 14,393,593 6 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Management's Discussion and Analysis-Unaudited September 30,2020 Summary of Changes in Net Position(continued) Year Ended September 30, 2020 2019 Expenses General government 3,620,707 3,615,970 Redevelopment projects 10,151,276 7,295,491 Interest on long-term debt 406,628 542,461 Loss on sale and disposal of capital assets 2,046,803 1,329,964 Total expenses 16,225,414 12,783,886 Change in net position (734,374) 1,609,707 Net position beginning of year 23,626,836 22,017, ,129 Net position end of year $ 22,892,462 $ 23,626,836 Tax increment revenues increased by approximately $1.03 Million during fiscal year 2020, the result of increased taxable values. Year-to-year expenses increased by approximately $3.44 million. This was due primarily to the increase in redevelopment projects and increase in loss on sale of capital assets. FINANCIAL ANALYSIS OF THE AGENCY'S FUNDS The focus of the Agency's governmental funds is to provide information on near-term inflows, outflows and balances of expendable resources. Such information is useful in assessing the Agency's financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. At the end of fiscal year 2020, the Agency's governmental funds reported an ending fund balance of approximately $14.34 million, of which approximately $238 thousand is nonspendable, $4.79 million is committed, $8.86 million is assigned and $446 thousand is unassigned funds. GENERAL BUDGETARY HIGHLIGHTS In fiscal year 2019-2020, actual total revenues were favorable over budgetary estimates by approximately $726 thousand, and actual total expenditures were favorable over budgetary estimates by $418 thousand. Refer to page 24 for budgetary comparison schedule. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets During the year end September 30, 2020, the Agency spent approximately $369 thousand in capital assets. This includes approximately $368 thousand for properties acquired in the CRA district targeted for Plan for MLK Corridor, Cottage District and Community Caring Center. The CRA transferred 15 properties to the Centennial Management Corp with book value of approximately $1.92 million, 2 properties to the City of Boynton Beach with a book value of approximately $69 thousand, Leasehold Improvement transfers to the 710 Boynton Partners with approximate values of$122.5 thousand, and furniture and fixtures write-off and disposal of approximately$48 thousand. 7 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Management's Discussion and Analysis-Unaudited September 30,2020 Long-Term Debt At the end of fiscal year 2020,the Agency has total bond debt outstanding of approximately $11.98 million. Of this amount, approximately $8.83 million represents the 2012 refunding Revenue Bonds and $3.14 million represents the 2015 Revenue Bonds. ECONOMIC FACTORS AFFECTING NEXT YEAR'S BUDGET Assessed property valuations within the community redevelopment district increased approximately 7.7% versus prior year resulting in an increase in tax increment revenues of $1.05 Million, net of estimated adjustments for tax roll certifications. The Agency's Board approved the 2020-2021 budget including utilization of tax increment revenues for a number of projects including key acquisition funding,funding for the Town Square project, infrastructure improvements, community police program, Heart of Boynton initiatives and the continuation of business and economic incentive programs. REQUEST FOR INFORMATION This financial report is designed to provide a general overview of the Agency's finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to Vicki Hill,Finance Director at 100 E Ocean Avenue,4h Floor,Boynton Beach,Florida 33435. 8 Basic Financial Statements BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Net Position September 30,2020 Governmental Activities ASSETS Cash and cash equivalents $ 14,267,706 Accounts receivables 6,089 Prepaids 237,967 Capital assets,net of accumulated depreciation: Land 14,645,135 Furniture and equipment 94,609 Renovations 706,035 Leasehold improvements 302 Construction in progress 41,708 Building 3,471,863 Land improvements 925,509 Vehicle 7,805 Total assets 34,404,728 DEFERRED OUTFLOW OF RESOURCES Deferred amount on refunding 808,163 LIABILITIES Accounts payable and accrued expenses 154,837 Deposits payable 17,099 Long-term liabilities: Due within one year 1,807,000 Due in more than one year Bonds and loans payable 10,169,000 Compensated absences 172,493 Total liabilities 12,320,429 NET POSITION Net Investment in capital assets 8,915,803 Restricted for: Capital projects 11,040,801 Debt service 116,097 Note receivable - Unrestricted 2,819,761 Total net position $ 22,892,462 The notes to the basic financial statements are an integral part of this statement. 9 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Activities For the Year Ended September 30,2020 Program Revenues Net(Expense) Revenue and Changes in Net Ex senses Charges For Services Assets Functions/Programs Governmental Activities: General government $ 3,620,707 $ 1,168,931 $ (2,451,776) Redevelopment projects 10,151,276 - (10,151,276) Interest on long-term debt 406,628 - (406,628) Total $ 14,178,611 $ 1,168,931 $ 13,009,680) General Revenues: Tax increment revenue $ 13,932,896 Loss on sale and disposal of capital assets (2,046,803) Interest and other income 389,213 Total general revenues 12,275,306 Change in net position (734,374) Net position-beginning of year 23,626,836 Net position-end of year $ 22,892,462 The notes to the basic financial statements are an integral part of this statement. 10 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Balance Sheet Governmental Funds September 30,2020 Total Debt Service Governmental General Fund Projects Fund Fund Funds ASSETS Cash and cash equivalents $ 3,070,013 $ 11,081,596 $ 116,097 $ 14,267,706 Accounts receivables 6,089 - - 6,089 Prepaids 203,995 33,972 - 237,967 Total assets $ 3,280,097 $ 11,115,568 $ 116,097 $ 14,511,762 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued expenses $ 80,070 $ 74,767 $ - $ 154,837 Deposits payable 17,099 - - 17,099 Total liabilities 97,169 74,767 - 171,936 Fund Balances: Nonspendable 203,995 33,973 - 237,968 Commited 967,233 3,709,640 116,097 4,792,970 Assigned 1,566,139 7,297,188 - 8,863,327 Unassigned 445,561 - - 445,561 Total fund balances 3,182,928 11,040,801 116,097 14,339,826 Total liabilities and fund balances $ 3,280,097 $ 11,115,568 $ 116,097 $ 14,511,762 The notes to the basic financial statements are an integral part of this statement. 11 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Reconciliation of the Balance Sheet-Governmental Funds to the Statement of Net Position For the Year Ended September 30,2020 Fund balance-governmental funds $ 14,339,826 Amounts reported for governmental activities in the statement of net asset are different because: Capital assets used in governmental activities are not reported in the governmental funds. Capital assets-net of accumulated depreciation 19,892,966 Deferred outflow of resources-reported as deferred amount on refunding 808,163 Long-term liabilities are not reported in the governmental funds. Compensated absences (172,493) Bonds and notes payable (11,976,000) Net position of governmental activities $ 22,892,462 The notes to the basic financial statements are an integral part of this statement. 12 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Revenues,Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended September 30,2020 Total Debt Service Governmental General Fund Projects Fund Fund Funds REVENUES Tax increment revenue $ 13,932,896 $ $ - $ 13,932,896 Charges for services 1,168,931 - 1,168,931 Interest and other income 225,982 157,815 5,416 389,213_ Total revenues 15,327,809 157,815 5,416 15,491,040 EXPENDITURES General government 3,357,826 - - 3,357,826 Redevelopment projects - 10,151,278 - 10,151,278 Debt service: Principal - - 1,762,000 1,762,000 Interest and other charges - - 376,527 376,527 Capital outlay - 368,626 - 368,626 Total expenditures 3357,826 10,519904 2,138527 16,016.257 Excess(deficiency)of revenues over(under) expenditures 11,969,983 (10,362,089) (2;133,111) 1:525217) OTHER FINANCING SOURCES(USES) Transfers in - 9,553,549 2,139,852 11,693,401 Transfers out (11,693,401) - - (1.1_,693,401) Total other financing sources(uses) (11,693,401) 9,553,549 2,139,852 Net change in fund balances 276,582 (808,540) 6,741 (525,217) Fund balances-beginning of year 2,906,346 11,849,341 109,356 14,865,043 Fund balances-end of year $ 3.182.928 $ 11,040,801 $ 116,097 14,339,826 The notes to the basic financial statements are an integral part of this statement. 13 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Reconciliation of the Statements of Revenues,Expenditures and Changes in Fund Balances-Governmental Funds to the Statement of Activities For the Year Ended September 30,2020 Net changes in fund balances-total governmental funds $ (525,217) Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlay expenditures.However,in the statement of activities,the cost of those assets is depreciated over their estimated useful lives. Expenditures for capital assets 368,627 Less current year depreciation expense (220,604) Disposal of capital assets (2,046,803) For governmental funds,the issuance of long-tern debt provides current financial resources and the repayment of long-term debt consumes current financial resources.Neither transaction,however,has any effect on net assets.Also,governmental funds report the effect of premiums,discounts, and similar items when debt is first issued,whereas these amounts are deferred and amortized in the statement of activities. Principal payments on long-term debt 1,762,000 Amortization on deferred amount on refunding (30,100) Some expenses reported in the statement of activities do not require the use of current financial resource and,therefore,are not reported as expenditures in governmental funds. Net change in long-term compensated absences. (42,277) Change in net position of governmental activities $ 734,374} The notes to the basic financial statements are an integral part of this statement. 14 Notes to the Basic Financial Statements BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of the Boynton Beach Community Redevelopment Agency (the "Agency") significant accounting policies is presented to assist the reader in interpreting the basic financial statements. The policies are considered essential and should be read in conjunction with the basic financial statements. The accounting policies of the Agency conform to U.S. generally accepted accounting principles applicable to governmental units. This report,the accounting systems and classification of accounts conform to standards of the Governmental Accounting Standards Board(GASB), which is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The following is a summary of the more significant policies. A. Organization and reporting entity The Agency is a component unit established by the City of Boynton Beach, Florida (the "City") under the authority granted by Florida Statutes 163, Section III. The purpose of the Agency is to promote and guide physical and economic redevelopment in the City and part of Palm Beach County, Florida (the "District"). The Agency is a legally separate entity established by Ordinance number 83-41 of the City on December 20, 1983. The Agency has adopted GASB Statement No. 61, The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34, for the purpose of evaluating whether it has any component units. Based on the criteria therein,the Agency has determined that there are no component units that meet criteria for inclusion in the Agency's financial statements. The Agency is governed by a board comprised of elected officials. The City is considered to be financially accountable for the Agency and in accordance with GASB Statement No. 61, and therefore the Agency is considered to be a blended component unit in the City's comprehensive annual financial report. B. Reporting model The Agency's basic financial statements consist of government-wide statements, including a statement of net position and a statement of activities, and fund financial statements which provide a more detailed level of financial information. Government-wide financial statements The statement of net position and the statement of activities report information on all of the activities of the Agency. Governmental activities are reported separately from business-type activities which rely on fees charged to external parties as their primary revenues. The Agency has no business-type activities. The statement of net position reports the Agency's financial position as of the end of the fiscal year. In this statement, the Agency's net position is reported in three categories: net investment in capital assets; restricted net position; and unrestricted net position. The statement of activities presents a comparison between direct expenses and program revenues for each function of the Agency. Direct expenses are those that are clearly identifiable with a specific function. Program revenues include charges for services that are directly related to a given function and grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Tax increment revenue and other items not meeting the definition of program revenue are reported instead as general revenue. 15 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) B. Reporting model(Continued) Fund financial statements For the fiscal year ending September 30, 2020, the Agency reports three major funds, the General Fund, the Debt Service Fund, and the Projects Fund. The General Fund is classified as a governmental fund and accounts for all financial resources controlled by the Agency. The Debt Service Fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term obligation debt. The Projects Fund accounts for financial resources to be used for redevelopment programs and the acquisition or construction of capital projects. The governmental fund statement includes reconciliations with brief explanations to better identify the relationship between the government-wide statements and the statements for the governmental fund. C. Measurement focus and basis of accounting The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred,regardless of the timing of related cash flows. The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose,the Agency considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when the related fund liability is incurred. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments,are recorded only when payment is due. D. Cash, cash equivalents and investments Cash and cash equivalents are defined as short-term highly liquid investments that are both readily convertible to known amounts of cash and have an original maturity of three months or less from the date of purchase. Cash and cash equivalents consist of petty cash and deposits with financial institutions qualified as public depositories under Florida law. All deposits are insured by federal depository insurance and/or collateralized with securities held in Florida's multiple financial institution collateral pool as required by Chapter 280,Florida Statutes. Investments made locally consist of amounts placed in obligations of United States Government Agencies and Instrumentalities, and are reported at fair value. The Agency is authorized to invest in direct obligations of the United States of America or any agency thereof, interest bearing time or demand deposits with any qualified depository institution, commercial paper, bankers' acceptances, state and/or local government taxable debt, mutual funds, repurchase agreements and the State Treasurer's investment pool, which has the characteristics of a money market fund. E. Capital assets Capital assets are defined by the Agency as assets with an initial, individual cost of$5,000 or more and an estimated useful life of more than one year. These assets are recorded at historical cost. Donated capital assets are recorded at acquisition value at the date of donation. Capital assets are depreciated using the straight-line method over the assets' estimated useful lives of all reported capital assets, except land and land improvements. The estimated useful life of furniture, fixtures and equipment is four to ten years. 16 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) F. Fund equity/net position Fund equity GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, establishes criteria for classifying fund balances into specifically defined classifications and clarifies definitions for governmental fund types. Fund balances for governmental funds are reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent,as follows: ■ Nonspendable fund balance - amounts that cannot be spent because they are either (a) not in spendable form or(b)legally or contractually required to be maintained intact. ■ Restricted fund balance - amounts that are restricted to specific purposes when constraints placed on the use of resources are either by (a) externally imposed by creditors (such as debt covenants), grantors, contributors, or laws or regulations of other governments; or (b) imposed by law through constitutional provisions or enabling legislations. ■ Committed fund balance - amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government's highest level of decision-making authority. ■ Assigned fund balance - amounts that are constrained by the government's intent to be used for specific purposes,but are neither restricted nor committed. ■ Unassigned fund balance - amounts that have not been assigned to other funds and that have not been restricted,committed, or assigned to specific purpose within the general fund. When both restricted and unrestricted amounts are available for use, it is the Agency's practice to use restricted resources first. Additionally, the Agency would first use committed, then assigned, and lastly unassigned amounts of unrestricted fund balance. Net position The government-wide financial statements utilize a net position presentation. Net position can be categorized as net investment in capital assets, restricted, or unrestricted. The first category represents capital assets, less accumulated depreciation and net of any outstanding debt associated with the acquisition of capital assets. Restricted net position represents amounts that are restricted by requirement of debt indenture or enabling legislation. Unrestricted net position represents the net position component of the Agency which is not restricted for any project or purpose. When both restricted and unrestricted resources are available for use, it is the Agency's policy to use unrestricted resources first,and then restricted resources as they are needed. G. Bond premiums,discounts and issuance costs In the government-wide financial statements, bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements,governmental fund types recognize bond premiums and discounts,as well as bond issuance costs during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts are reported as other financing uses. Issuance costs are reported as debt service expenditures in the fund financial statements and redevelopment projects expense in the government-wide financial statements. 17 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) H. Deferred outflows of resources The statement of financial position reports a separate section for deferred outflows of resources representing a consumption of net position that applies to a future period and is not recognized as an outflow of resources in the current period. The Agency has only one item that qualifies for reporting in this category,the deferred charge on refunding reported in the government-wide statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the life of refunded debt. I. Revenue sources Tax increment revenues are the primary source of revenue for the Agency. Tax increment revenues are collected from two governmental entities that levy property taxes within the legally defined redevelopment area of the Agency,which is the City of Boynton Beach,Florida-and Palm Beach County,Florida. J. Compensated absences It is the Agency's policy to permit employees to accumulate earned but unused vacation and sick pay. Employees may, depending on their level of service and policy of the Agency, be paid for various amounts of their total accrued leave by the end of each fiscal year, upon termination or retirement. The Agency accrues a liability for leave hours that meet the criteria for payment at the eligible employees' current rates of pay. K. Use of Estimates 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 amounts reported in the financial statements and accompanying notes. Although these estimates are based on management's knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results. L. Reclassifications Certain prior year amounts have been reclassified to conform to the current year's presentation. 2. CASH,CASH EQUIVALENTS AND INVESTMENTS All of the Agency's bank deposits are insured by the Federal Deposit Insurance Corporation or collateralized in accordance with Florida Security for Public Deposits Act (the "Act"). Under the Act, every qualified public depository shall deposit with the Treasurer eligible collateral having a market value equal to 50% of the average daily balance for each month that all public deposits are in excess of any applicable deposit insurance. If the public deposits exceed the total amount of the regulatory capital accounts of a bank or the regulatory net worth of a savings association,the required collateral shall have a market value equal to 125% of the deposits. The Agency's investment policy is designed to ensure the prudent management of funds, and the availability of operating and capital funds when required, while earning a competitive return within the policy framework. The primary objectives, in order of priority, of investment activity shall be safety, interest rate risk,liquidity and yield. As of September 30,2020,the Agency does not have any investments. 18 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 3. CAPITAL ASSETS Capital assets activity for the year ended September 30,2020,is as follows: Balance at Additions/ Deletions/ Balance at 9/30/2019 Transfers Transfers 9/30/2020 Capital assets,not being depreciated: Land $ 16,304,445 $ 368,627 $ (2,027,938) $ 14,645,135 Construction in progress 41,708 - - 41,708 Total capital assets,not being depreciated 16,346,153 14,501 (2,027,938) 16,346,153 Capital assets,being depreciated: Building 3,831,116 - - 3,831,116 Renovations 1,090,247 - - 1,090,247 Land improvements 1,121,310 - - 1,121,310 Leasehold improvements 147,145 - (122,469) 147,145 Furniture and equipment 257,707 - (48,920) 257,707 Vehicle 15,850 - - 15,850 Total capital assets,being depreciated 6,463 375 _ 368,627 (2,199,327) 6,291,986 _.._... . _ _ _.. Less accumulated depreciation for: Building (259,383) (99,870) - (359,253) Renovations (348.846) (16,924) - (384,212) Land improvements (140,158) (35,366) - (195,801 Leasehold improvements (123,603) (9,572) 108,801 (24,374)) Furniture and equipment (140,977) (55,643) 43,723 (114,177) Vehicle (4,815) (3,,230) - (g p4 Total accumulated depreciation (1,017,782) (220.604) 152,124 (1,085,862) Total capital assets,being depreciated,net 5,445,593 (220,604) (18,865) 5,206,124 Total capital assets,net of _. accumulated depreciation $ 21,791,746 $ 148,023 $ (2,046,803) $ 19,892,966 Depreciation expense of$220,604 was charged to general government for fiscal year 2020. 4. LONG-TERM LIABILITIES At September 30,2020,bonds and loans payable consist of the following: BONDS: 2012 Tax Increment Refunding Revenue Bonds dated October 18,2012,due in annual principal installments of$143,000 to$1,530,000 through October 1, 2026,bearing an interest rate of 2.56%. $ 8,836,000 2015 Tax Increment Refunding Revenue Bonds,dated March 26,2015 due in annual principal installments of$360,000 to$725,000 through October 1,2026, bearing an interest rate of 3.3%. 3,140 000 11,976,000 19 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 4. LONG-TERM LIABILITIES(Continued) The annual requirements to amortize bonds and loans payable outstanding as of September 30, 2020, are as follows: 2012 Tax Increment 2015 Tax Increment Fiscal Refundine,Revenue Bonds Refunding,Revenue Bonds Totals Year(s) Principal Interest Principal Interest Principal Interest 2021 1,397,000 226,202 410,000 103,620 1,807,000 329,822 2022 1,439,000 190,438 420,000 90,090 1,859,000 280,528 2023 1,471,000 153,600 435,000 76,230 1,906,000 229,830 2024 1,512,000 115,942 445,000 61,875 1,957,000 177,817 2025-2026 3,017,000 116,403 x xN m 1,430,000 71,115 4,447,000 187,518 $ 8,836,000 $ 802,585 $ 3,140,000 $ 402,930 $ 11,976,000 $ 1,205,515 The changes in long-term liabilities for the year ended September 30,2020 are summarized as follows: Balance at Balance at Due within 9/30/19 Additions Deletions 9/30/20 oneyea_ Bonds payable $ 13,738,000 $ - $(1,762,000) $ 11,976,000 $ 1,807,000 Compensated absences 130,216 42,277 - 172,493 - Total long-tern liabilities $ 13,868,216 $ 42,277 $(1,762,000) $ 12,148,493 $ 1,807,000 Prior v ears' defeasance of debt In fiscal years 2015 and 2013,the Agency defeased certain increment revenue bonds,placing the proceeds of new refunding bonds in an irrevocable trust to provide for all future debt service on the refunded portions of the increment revenue bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the Agency's financial statements. The refundings resulted in a difference between the reacquisition price and the net carrying amount of the old debt, which is being charged to operations through 2026 using the effective-interest method. As of September 30, 2020, there are no outstanding balances on either of the defeased bonds. 5. FUND BALANCES At September 30,2020,the Agency reported the following governmental fund balances: ■ Nonspendable fund balance-These amounts cannot be spent because they are either(a)not in spendable form or(b) legally or contractually required to be maintained intact. ■ Committed fund balance - these amounts can only be used for specific purposes pursuant to constraints imposed by the Board of the Agency. The items cannot be removed unless the Board removes it in the same manner it was implemented. ■ Assigned fund balance - these amounts are approved and constrained by the Agency's intent to be used for specific purposes,but are neither restricted nor committed. ■ Unassigned fund balance - These amounts have not been assigned to other funds and have not been restricted, committed,or assigned for a specific purpose. 20 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 5. FUND BALANCES(Continued) Below is a table of fund balance categories and classifications,by fund,at September 30,2020: Debt General Projects Service Fund Fund _ _ Fund Nonspendable $ 203,995 $ 33,973 $ - Committed 967,233 3,709,640 116,097 Assigned 1,566,139 7,297,188 - Unassigned 445,561 - - Total $3,182,928 $ 11,040,801 $ 116,097 6. INTERFUND TRANSFERS During the fiscal year ended September 30,2020,the General Fund transferred$9,553,549 and$2,139,852 to the Projects Fund and Debt Service Fund,respectively. The transfers made to the Projects Fund were to fund the costs of ongoing redevelopment projects. The transfers made to the Debt Service Fund were to fund the annual debt service expenditures on the bonds and loans payable. 7. HOMEBUYER ASSISTANCE PROGRAM The Agency established the Homebuyer Assistance Program to assist local residents with the purchase of a home by providing a subsidy in an amount not to exceed$50,000 per homeowner. The subsidy is secured by a mortgage, which is required to be paid back only under certain circumstances outlined in the mortgage agreement. The mortgage is forgiven if the homeowner remains in the home during the full term outlined in the agreement. The amount of mortgages receivable outstanding at September 30, 2020 total $1,394,672. Given the nature of these loans, collection is uncertain, and therefore an allowance for uncollectible mortgages has been established at 100%of the value of the mortgages receivable outstanding. Consequently, these mortgages are not recognized on the financial statements. 8. RISK MANAGEMENT The Agency is exposed to various risks of loss related to torts,theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Agency purchases commercial insurance for the risks of loss to which it is exposed. Policy limits and deductibles are reviewed by management and established at amounts to provide reasonable protection from significant financial loss. Settlements did not exceed insurance coverage in the past three fiscal years. 9. COMMITMENTS AND CONTINGENCIES A. Economic development programs The Agency established Economic Development Programs in an effort to promote the redevelopment of and retain existing businesses located in the CRA area as well as attract new businesses to Boynton Beach. These programs for commercial businesses include Facade Programs, Rent Subsidy, Interior Build-Out and Signage. During fiscal year 2020, the Agency closed and disbursed $662,538 in Economic Development Grants. 21 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Basic Financial Statements September 30,2020 9. COMMITMENTS AND CONTINGENCIES(Continued) B. Lease commitments The Agency leased a building under a ten-year commercial lease agreement. The lease was terminated as of September 30, 2020. Under the terms of the lease, the Agency was responsible for interior renovations totaling $88,000. The landlord credited the Agency a total of$2,027.78. Rental costs for the year ended September 30,2020 totaled$76,989.36. 10. RETIREMENT CONTRIBUTIONS The Agency participates in a 401(a)defined contribution retirement plan and a 457(b)deferred compensation plan(the"Plans"). The Plans are qualified under Sections 401(1),403 (a)and 501(a)of the Internal Revenue Code. The Plans are administered by independent trustees. All employees who meet the requirements are qualified to participate. Employees make voluntary contributions to the 457(b) plan. The Agency's required contribution is 25% of the total salaries of qualified participants. Employer contributions to both plans in fiscal year 2020 totaled$211,063. 11. RELATED PARTY TRANSACTIONS The Agency is a blended component unit of the City of Boynton Beach, Florida. For the year ended September 30, 2020, the Agency's tax increment revenues include $8,693,727 received from the City. In addition, the Agency reimbursed the City for services performed on behalf of the Agency such as recording, information technology services, Clean & Safe program, landscape and maintenance services, festival expenses, human resource and payroll services, facility rental and permitting fees paid during the year. Payments to the City for these services during the year ended September 30,2020 totaled$5,809,740. 12. NEW PRONOUNCEMENTS ISSUED GASB Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Placements became effective for the fiscal year ending September 30, 2020. However, management of the Agency determined that this pronouncement did not have an effect on the Agency's financial reporting. 13. SUBSEQUENT EVENTS In March 2020,the World Health Organization declared the outbreak of a novel coronavirus ("COVID-19") as a pandemic. There is significant uncertainty around the breadth and duration of business disruptions related to COVID-19, and as such, the Agency is unable to determine if it will have a material impact to its operations for the next fiscal year. Management believes the Agency is taking appropriate actions to mitigate the negative impact.However,the full impact of COVID-19 on next fiscal year's operations is unknown and cannot be reasonably estimated,as these events are still developing. The Agency evaluated subsequent events through December 9, 2020, the date the financial statements were available to be issued. 22 Required Supplementary Information BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Budgetary Comparison Schedule(Unaudited) General Fund For the Year Ended September 30,2020 Variance with Original Final Budget- Budget Final Budget Actual Positive (Negative)_ REVENUES Tax increment revenue $ 13,816,071 $ 13,816,071 $ 13,932,896 $ 116,825 Charges for services 1,100,000 1,100,000 1,168,931 68,931 Interest and other income 50,000 935,936 225,982 (709,954) Total revenues 14,966,071 15,852,007 15,327,809 (524,198) EXPENDITURES General government 4,157,606 4,157,606 3,357,826 799,780 Total expenditures 4,157,606 4,1572606 3,357,826 799,780 Excess of revenues over expenditures 10,808.465 11,694.401 11,969,983 275,582 OTHER FINANCING SOURCES(USES) Transfers out 110,808,465) (11.694.401) (11,693,401) {1,000) Total other financing sources(uses) ____410'808-465) (11.694„401) (11,693,401) (1,000) Net change in fund balances $ - $ 276,582 $ 274,582 Fund balances-beginning of year 2,906,346 Fund balances-end of year $ 3,182,928 The notes to the Budgetary Comparison Schedule are an integral part of this schedule. 23 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Notes to the Budgetary Comparison Schedule September 30,2020 1. BUDGETARY INFORMATION The Agency is required to establish a budgetary system and an approved annual budget for the General Fund, Debt Service Fund and Project Fund. The Agency's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. In accordance with generally accepted accounting principles,budgetary comparison information is disclosed only for the General Fund. The budget is adopted on the modified accrual basis of accounting, consistent with generally accepted accounting principles, with the exception of compensated absences. Compensated absences are budgeted only to the extent expected to be paid,rather than on the modified accrual basis. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. 24 Compliance Section Sa'Ul>>€.�v �t G;.t°S°�,r`S'�B?,n,'?.s Sanson,dine,Jacomino&Tandoc,LLP 5805 Blue Lagoon Drive I Suite 220 1 Miami,FL 33726 Tel:(305)269-8633 1 Fax:(305)265-0652 1 www.skjtllp.com Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards To the Board of Commissioners Boynton Beach Community Redevelopment Agency: We have audited, in accordance with the 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, the financial statements of the governmental activities and each major fund of the Boynton Beach Community Redevelopment Agency (the Agency), a component unit of the City of Boynton Beach, Florida, as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the Agency's basic financial statements,and have issued our report thereon dated December 9,2020. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Agency's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Agency's internal control. Accordingly, we do not express an opinion on the effectiveness of the Agency's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies,in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness,yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Agency's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, 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 or other matters that are required to be reported under Government Auditing Standards. 25 Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Miami,Florida December 9,2020 26 :4f2'flft Vii`°LSCS t°a_4 � tiSa. L433w4'T'fi 'P"„, Sanson,Kline,jacoino&Tandoc,LLP 5805 Blue Lagoon Drive(Suite 220 1 Miami,FL 33126 Tel:(305)269-8633 1 Fax:(305)265-0652 1 www.skjtllp.com Management Letter in Accordance with the Rules of the Auditor General of the State of Florida To the Board of Commissioners Boynton Beach Community Redevelopment Agency: Report on the Financial Statements We have audited the financial statements of the Boynton Beach Community Redevelopment Agency (the Agency), a component unit of the City of Boynton Beach, Florida, as of and for the fiscal year ended September 30,2020, and have issued our report dated December 9,2020. Auditor's Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government`Auditing Standards, issued by the Comptroller General of the United States;and Chapter 10.550,Rules of the Florida Auditor General. Other.Report We have issued our Independent Auditors' Reports on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards. Disclosures in that reports, which is dated December 9, 2020, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)l., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual financial audit report. Official Title and Legal Authority Section 10.554(l)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. Such disclosures are made in note 1(A)to the Agency's financial statements. Financial Condition Section 10.554(1)(i)5.a., Rules of the Auditor General, requires that we report the results of our determination as to whether or not the Agency has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the Agency did not meet any of the conditions described in Section 218.503(1), Florida Statutes. 27 Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures as of September 30, 2020. It is management's responsibility to monitor the Agency's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Other Matters Section 10.554(1)(i)2.,Rules of the Auditor General,requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit,we did not have any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Florida Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, and the Board of Directors and management of the Agency, and is not intended to be and should not be used by anyone other than these specified parties. Miami,Florida December 9, 2020 28 Sanson Kline,Jacotnino Esc Tandoc,LLP 5805 Blue Lagoon Drive I Suite 220 I Miami,Fl_33126 Tel:(305)269-8633 1 Fax.(305)265-06.52 I w-N&-w.slijtlip.com Independent Accountant's Report on Compliance with Sections 163.387(6)and(7),Florida Statutes To the Board of Commissioners Boynton Beach Community Redevelopment Agency: We have examined the Boynton Beach Community Redevelopment Agency (the Agency), a Component Unit of the City of Boynton Beach, Florida compliance with Sections 163.387(6) and (7), Florida Statutes regarding the redevelopment trust fund during the year ended September 30, 2020. Management is responsible for the Agency's compliance with those requirements. Our responsibility is to express an opinion on the Agency's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Agency's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Agency's compliance with specified requirements. In our opinion,the Agency complied,in all material respects, with the aforementioned requirements for the year ended September 30,2020. This report is intended solely for the information and use of the Florida Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives,the Florida Auditor General, and the Board of Directors and management of the Agency,and is not intended to be and should not be used by anyone other than these specified parties. Miami, Florida December 9, 2020 29 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.13. SUBJECT: Consideration of Approval of 500 Ocean Performance Audit for Year Ending December 31, 2020 for Compliance with the Direct Incentive Funding Agreement SUMMARY: The CRA entered into a Direct Incentive Funding Agreement (DIFA) with LeCesse Development Corp d/b/a Skye at Boynton Beach LLC on May 27, 2015, to provide financial assistance to the redevelopment project known as 500 Ocean in the form of Tax Increment Revenue reimbursement on their annually paid property taxes (see Attachment 1). The CRA's DIFA funding incentive was intended to provide the developer 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 reimbursement payments over a period of ten consecutive years as follows: Years 1-4: 75%, Years 5-7: 50%, and Years 8-10: 25%. As required under the terms of the DIFA, on November 25, 2020, LeCesee Development Corp submitted a Performance Audit and proof of Property tax payment for the year ending December 31, 2020. Based on City of Boynton Beach Building Department's and CRA staffs review, the Performance Audit is in compliance with the terms of the DIFA, the Developer is required to perform (Attachment 11). Calculating the amount of Tax Increment Revenue generated from the 500 Ocean project and the amount reimbursed to the Developer is as follows (see Attachment 111): Property Tax Value After Redevelopment $48,213,380 Property Tax Value Prior to Redevelopment $- 3.921.916 Property Tax Increment Value $44,291,464 Property Tax Collected on Increment Value $ 580,847 DI FA Reimbursement Percentage of 75% x .75 DI FA Reimbursement Amount to Developer $ 435,635 If approved by the Board, the C RA will be issuing D I FA payment number two (2) in the amount of $435,635, for FY 2020-2021. FISCAL IMPACT: FY 2020 -2021 Budget, Project Fund, Line Item 02-58400-443, $435,635 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Downtown District CRA BOARD OPTIONS: Approve the Performance Audit as submitted and authorize release of DIFA payment number two (2) in the amount of$435,635 to Skye at Boynton Beach LLC. ATTACHMENTS: Description D Attachment I -Direct Incentive Funding Agreement D Attachment II - Requirements for DIFA D Attachement III -2020 Incentive Calculation 500 Ocean DIRECT INCENTIVE FUNDING AGREEMENT This is an agreement (hereinafter "Agreemenf') entered into as of the day of 2015,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 710 North Federal Highway,Boynton Beach,Florida 33435. and SKYE AT BOYNTON BEACH, LLC,, a Florida limited liability company, with a business address of 1201 Ponce de Leon Blvd. Coral Gables, Florida 33134 (hereinafter collectively referred to as the"Developer"). RECITALS: WHEREAS, the CRA has determined that entering into public/private partnerships for the purpose of eliminating slum and blight, encouraging economic development, creating affordable housing and other goals within the adopted CRA plan is beneficial to the public; and WHEREAS,this Agreement pertains to Direct Incentive funding for the 500 Ocean Project, City File No. NWSP 14-002, (hereinafter the"Project") located on property described on Exhibit "A" within the CRA boundaries(hereinafter the"Property"); and WHEREAS, the CRA has determined that the Project is advancing the goals of the CRA plan by meeting the ICC 700-2012 National Green Building Standard Silver and by adding 6,600 sq. ft. of office space; and WHEREAS, at the October 14, 2014 meeting, the CRA Board of Directors (hereinafter "CRA Board"), by appropriate action, made the Project eligible for a percentage of the Tax Increment revenue pursuant to this Direct Incentive Funding Agreement(hereinafter"Agreement");and WHEREAS, this Direct Incentive Funding Agreement is not intended to be a "Development Agreement"within the meaning of Florida Statutes, Section 163.3221; and WHEREAS, the CRA Board approved this Agreement to its form at its November 12, 2014 meeting; 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 and incorporated herein. Section 2. Definitions. As used in this Agreement, the following terms shall have the following meanings: 004180214 Page 1 of 17 "Agreement" means this Direct Incentive Funding Agreement and all Exhibits and attachments hereto, as any of the same may hereafter be amended from time to time. "Base Value" means the assessed value of the Property as determined by the Palm Beach County Property Appraiser prior to construction of the improvements as reflected in Exhibit"B"attached hereto. "Certificate of Occupancy" means the certificate issued by the City pursuant to the City of Boynton Beach Building and Zoning Code indicating that a building or structure complies with applicable City of Boynton Beach Building and Zoning Code requirements and that the same may be used for the purposes stated therein. "Certification"means National Green Building Certification issued by the National Association of Home Builders Research Center to developments that meet the criteria of the ICC 700-2012 National Green Building Standard. "City"means the City of Boynton Beach,Florida. "Commence Construction" or "Commencement of Construction" means the issuance by the City of the permit required for the commencement of vertical construction and the actual commencement of such vertical construction pursuant to and in accordance with such permit. "Construction Loan Documents" means the documents evidencing financing of the construction of the Project. "Direct Incentive Funding" means 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 terms of this Agreement. "Designer's Report" means a report to be submitted to the CRA by Developer outlining all of the elements of the Project to be constructed to obtain the Silver Rating National Green Building Standard as more fully described in Exhibit"C." "Developer" means SKYE AT BOYNTON BEACH, LLC, as described in the attached Exhibit"G". "Electric Vehicle or EV Charging Station" means an electric recharging point, charging point and the EVSE (Electric Vehicle Supply Equipment), that supplies electric energy for the recharging of electric vehicles or plug-in hybrid electric-gasoline vehicles. "Silver Rating National Green Building Standard"the standard of the National Association of Home Builders' (NAHB) Green Building Program based upon American National Standard Institute approved ICC 700-2012 National Green Building Standard. The Standard defines green building for single- and multifamily homes, residential remodeling projects, and site development projects while still allowing for the flexibility required for regionally-appropriate best green practices. To comply with the Standard, a builder or remodeler must incorporate a minimum number of features in the following areas: lot and site development; energy, water, and resource efficiency; indoor environmental quality; and home owner education. The Silver Rating requires 349 Performance Points, 00418021-4 Page 2 of 17 "Office Space" means the 6,600 sq. ft. of office space to be constructed as part of the Project as depicted on the site approved site plan City File No.NWSP 14-002, which is attached hereto as Exhibit 46E" "Pledged Project Increment Revenues" means the variable disbursement of revenue to the Developer that equate to a percentage of the Project Increment Revenues as set forth in Section 6 of this Agreement. The example of the Pledged Project Increment Revenues calculated over the term of the Agreement is shown in Exhibit"W'. "Project" means that certain land development project currently referred to as 500 Ocean, City File No.NWSP 14-002, attached hereto as Exhibit"E" located on property fin-ther described on Exhibit "A"within the CRA boundaries. "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. ,,Property"means the real property described on Exhibit"A." "Redevelopment Area"means those areas within the limits of the City which have been declared blighted and established by the City 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 increment revenues attributable to development within the Redevelopment Area. "Retail Space"means the approximately 13,300 sq. ft. of retail space to be constructed as part of the Project. "Site Plan"means the site plan for the Project approved by the City of Boynton Beach on July 1, 2014,a copy of which is attached hereto as Exhibit"E." "Systems Audit" means a review performed by an independent auditor approved by the CRA and paid for by Developer of the Project according to the 2012 ICC-700 National Green Building checklist including original inspections and certification of the residential units to confirm ongoing compliance with the standards, subsequent blower door testing to confirm compliance with original testing. (Exhibit-F-) "Substantial Completion" or "Substantially Complete" means the completion of 90% of the Project's units,as evidenced by issuance of certificates of occupancy for such units. "Successor or Assignee" means a subsequent owner of the Project, as approved of by the CRA pursuant to this agreement,other than the original Developer, SKYE AT BOYNTON BEACH,LLC. "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. "Unit"means a single residential dwelling within the Project. 00418021-4 Page 3 of 17 "Unit Type" means Al, Bl, Cl, C2, C3, and D1 designation based on the unit floor plan approved in the Site Plan. Section 3. Effective Date. This Agreement shall be effective as of the date of the execution of the Construction Loan Documents for the Project as evidenced by the submission by Developer of copies of same to the CRA. Section 4. Developer's Pblilations—Construction of the P Ct. 44®1 As part of the Project, Developer agrees to construct the units for the Project as described in the Site Plan and to obtain the Silver Rating National Green Building Standard. 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 that the Developer shall not have the right to reduce the number of residential units, reduce the energy efficiency of the units, eliminate the EV Charging Stations 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 from the City of Boynton Beach. 4.2 As part of the Project, Developer agrees to construct the 6,600 sq. ft. of office space as reflected in City File NWSP 14-002,attached hereto as Exhibit"E." 44®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 all of its affiliates, contractors, sub-contractors and/or agents who perform any work on the Project, 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. Certification Requirements. The Project has been modeled to attain the Silver Rating National Green Building Standard. As a condition precedent to its receipt of any funds pursuant to this Agreement, the Developer shall provide evidence that the all units, once constructed have received a Silver Rating National Green Building Standard using third party verification. The Developer shall provide third party verification that the constructed units comply with the standards for the Silver Rating National Green Building Standard for the duration of Direct Incentive Funding Agreement. Implementation of this Certification requirement shall be as follows: 5.1 -Certification and 0copant Education. 5.1.1 Silver Ptating Standard. Developer shall conform to the Designer's Report attached hereto as Exhibit "C" outlining components of the Project necessary for compliance to receive a Silver Rating ICC-700 National Green Building 2012 Standard. This will require a level of Silver for each section inclusive of 75 "Additional Points"available under the program. Certification that this standard has been met will be accomplished at the Developer's expense through the National Association of Home Builders Resource Center as overseer of the program. 5.1.2 Initial Certification. The Developer will provide evidence of Certification meeting the Silver Rating National Green Building Standard based on two inspections for each apartment including a pre-drywall and final inspection. A detailed checklist will be created and all the components and practices will be listed to show individual unit compliance with the Silver Rating National Green Building Standard. The checklists and reports shall be submitted to the City's Development Services Department within fifteen(15)days of completion of the inspection of the Project. 004180214 Page 4 of 17 5.1.3 Occupant Manuals and Training. The Developer shall produce and distribute to all of the Projects occupants a manual identifying the green attributes of each unit and the overall Project. This manual shall also include any manufacturer's information or product data for equipment, fixtures, and appliances. Through the manual, occupants will be familiarized with the green building practices implemented and the impact of occupants' activities on costs of operating the building. The manuals include a narrative detailing the importance of constructing a green building,including a list of green building attributes included in the building; the green building program certificate (copy of the National Green Building Standard that is sometimes referred to as the 'NGBS") with measures achieved and the warranty, operation, &maintenance instructions for all equipment, fixtures, appliances, & finishes as per requirements of Chapter 10 of the Designers Report of NGBS. Training will also be provided to the building management company regarding all equipment operation and control systems at the cost of the Developer. 5.1.4 Installation and Maintenance of Electric Vehicle Charging Stations. The Developer shall install at the Project the following three Electric Vehicle Charging Stations: one in the commercial parking area and two in the residential parking area. Proof of installation of the EV Stations shall be submitted to the City's Development Department upon completion of the Project. Developer or its assigns shall be responsible for the electrical expense and maintenance of the EV charging stations throughout the term of this Agreement. 5® 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 lease of any Units provided for in this Agreement. Should such discrimination occur, the CRA will provide notice to the Developer of a breach of this condition and thereafter, Developer has 15 days to demand arbitration as to the claim of discrimination. The parties will then mutually agree to an arbitrator and if they cannot agree, the auspices of the American Arbitration Association will govern. This arbitration is independent of any other actions being taken by other 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. If Developer does not demand arbitration within fifteen(15) 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®3 Systems Auditing. Prior to receiving any annual allotment of any Direct Incentive Funding pursuant to this Agreement, Developer shall provide written evidence, at its sole cost and expense, that is satisfactory to the CRA in its sole discretion, of continued compliance in all material respects by the Developer to the terms of this Agreement and with all agreed upon Silver Rating National Green Building Standards set forth in this Agreement. On an annual basis, the Developer will perforin a systems audit on at least thirty-four(34) Units each year for the next ten (10) years as evidence that the Units continue to meet the Silver Rating National Green Building Standard and to ensure that the EV Charging stations are constructed and in working order. This systems auditing process is based on the schedule attached and contained within Exhibit 'IF". The Developer shall provide the Systems Audit Report to the City's Development Services Department on an annual basis, beginning April 30th in the year in which funding begins pursuant Section 6.2 and no later than April 30th of each year thereafter for duration of this Agreement indicating the units' compliance with the Silver Rating of the National Green Building Standard. 5.3.1 This systems audit shall be conducted by an independent auditor, selected and paid for by the Developer with the approval of the CRA. 004190214 Page 5 of 17 5.3.2 The examinations and opinions included in the systems audit required wider this Section must be conducted in accordance with the definition of systems auditing contained in Section 2 of this Agreement. 5-3-3 The Developer shall provide the Systems Audit Report to the City's Development Services Department on an annual basis,beginning April 30th in the year in which funding begins pursuant Section 6.2 and no later than April 30th of each year thereafter for duration of this Agreement indicating the units' compliance with the Silver Rating of the National Green Building Standard. Each annual performance audit must be submitted to the City's Development Services Department no later than the last day of April for the preceding year. The City shall either accept the audit as sufficient or make the determination that the audit and/or documentation for the audit are deficient, and shall so notify the CRA in writing, within twenty (20) days of receipt of Systems Audit Report. In the event of notification of deficiencies by the City to the CRA, the CRA shall notify the Developer of such deficiencies and distribution of Direct Incentive funding shall be suspended until resolution of the deficiencies. If deficiencies are not resolved to the CRA's satisfaction and a sufficient Systems Audit Report is not submitted to the CRA within 90 days of receipt of notice by the CRA that the submitted Systems Audit Report is deficient, the Developer shall be in breach of this Agreement and the CRA may pursue all remedies available to it under this Agreement and at law and in equity. 5.3.4 Disbursement of Direct Incentive Funding shall occur upon (1) the CRA's acceptance of a properly documented and sufficient Systems Audit Report by the CRA Board demonstrating compliance with the provisions of this Agreement, (2) final certification of tax assessments within the CRA District by the Palm. Beach County Property Appraiser for the preceding year, and (3) documents evidencing payment by the Developer of all ad valorem taxes for the preceding year. 5®4 Inspection, Upon providing Developer ten (10) business days prior written notice at any time during normal business hours and as often as the CRA deems necessary the Developer shall make available to the CRA for examination, all of its records pertaining to the Systems Audits of the units at Developer's office with respect to all matters covered by this Agreement. The CRA reserves the right to require copies of such records and/or to conduct an inspection of the Developer's records regarding this Agreement at any time for any period covered by this Agreement,all at the CRA's cost and expense. Any delay in the production of documents requested by the CRA shall toll the CRA's time for review of a request for distribution of funds. 55®5 Non-Compliance. In any year in which the Systems Audit Report discloses that Developer is in non-compliance in any material respect with the requirements of the Silver Rating National Green Building Standard, the Developer may be deemed in default of this Agreement and after the exhaustion of all opportunities to Cure the Default available to Developer as set forth in Section 8, the CRA will be entitled to all appropriate remedies at law and equity, including but not limited to the remedies set forth in Section 8 below and the CRA, may cease making any further the Direct Incentive Funding to the Developer. Exceeding the agreed upon requirements of the Gold Rating National Green Building Standard 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 Gold Rating National Green Building Standard hereunder. Section 6. Direct Incentive Funding. 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 creating and maintaining the energy efficiency improvements, including the improvements necessary to attain the Silver Rating National Green Building Standard and of constructing the 6,600 sq. ft. of office space within the Project. W41802 L4 Page 6 of 17 bb®1 Direct Incentive Fun Formula and Term. The CRA hereby agrees to provide Direct Incentive Funding, that is, to pledge and assign to Developer pursuant to the terms of this Agreement 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 terms of this Agreement. No Direct Incentive Funding payments shall be made if the Developer is in default under the terms of this agreement and Developer has failed to sufficiently cure the default as provided herein. The amount of the Direct Incentive Funding is based on the following formula: Project Increment Revenue times the agreed upon percentage factor paid to Developer each year for a ten year period. The CRA has agreed to pay the Developer the following annual percentage factors: Years One—Four: Seventy-Five Percent of the Pledged Project Increment Revenues Years Five—Seven: Fifty Percent of the Pledged Project Increment Revenues Years Eight—Ten: Twenty-Five Percent of the Pledged Project Increment Revenues bb®2 Commencement and Conditions of Funding. The ten (10) year to for the payment of Direct Incentive Funding to Developer by the CRA shall commence on the last day of year that the following conditions are met: A. The 6,600 square feet of Class A Office Space is at a minimum shell complete and all phases of the Project have received either a Certificate of Completion or Certificate of Use from the City of Boynton Beach, B. All phases including the residential, office and retail portions of the Project have been placed on the Tax Roll, C. The CRA has received Project Increment Revenues from all phases of the Project; D. The Systems Audit Report is received and found to be sufficient by the City and CRA. and E. Developer is in compliance with the terms of this Agreement F. Proof of installation and ongoing efficiency of the three (3) EV charging stations 6.3 Disbursement of Funds. Subject to the CRA finding that the conditions in Section 6.2 have been meet and determining that the Developer is not in breach of the terms of this Agreement, the CRA shall begin annual disbursement of the Direct Incentive Funding upon(1)the CRA Board's acceptance of a sufficient annual Systems Audit Report, (2) final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year, and (3) documents evidencing payment by the Developer of ad valorem taxes for the preceding year. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event the Developer is in default of this Agreement. 6.4 No Prior le 2e of Pledged Project JIncrement Revenues. The CRA wan-ants and represents that the Pledged Project Increment Revenues are not the subject of any prior pledge by the OMIBD214 Page 7 of 17 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. ® Suboirdination. Any pledge of Pledged Project Increment Revenue 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. Restrictive Covenant. Upon completion of the Project and prior to the issuance of final Certificates of Occupancy by the City, the Developer shall prepare a Restrictive Covenant Agreement meeting the requirements outlined in this Agreement. The Restrictive Covenants shall be approved by the CRA which approval shall not be unreasonably withheld or delayed or conditioned. The Restrictive Covenant Agreement shall be recorded and shall contain restrictive covenants including, at least,the following terms: 7.1 Restrictive Covenants. The restrictive covenants governing Certification shall include the following: 7.1.1 All Units shall be certified to achieve the Silver Rating National Green Building Standard and no restrictions shall be adopted which prohibit or limit the ability to achieve or maintain said standard. The Restrictive Covenants shall also provide that three EV Charging Stations shall also be placed on site and maintained as reflected on Exhibit"E"; 7.1.2 Reference to the Occupant Manuals and availability of Training regarding the green attributes of each unit and the Project as required above in Section 5; 7.1.3 The Restrictive Covenants shall terminate at such time as this Agreement terminates as provided herein, including but not limited to Sections 4 and 8; 7.1.4 The Restrictive Covenants shall reference the required annual Systems Audit set forth in Section 5 above and provide the CRA the right to access the units during normal business hours after providing reasonable notice to be audited for the duration of this Agreement. Section S. Limitation on the Assignment of Project Ownership. Assigmnent of the Project ownership to any other entity or personnel, including those listed on the Florida Department of State Division of Corporations Annual Report filed April 24, 2014 as evidenced in Exhibit prior to the issuance of the Certificate of Occupancy for the entirety of the Project shall make this Agreement null and void. In this event,the CRA shall not be liable for payment of any of the Direct Incentive Funding under the terms of this Agreement. Notwithstanding the foregoing, assignment of ownership pursuant to the exercise of foreclosure by Developers mortgagee shall be permitted. Section 9. Events of Default,Remedies and Termination. 9®1 Default, Upon the occurrence of any one or more of the following events, the CRA may, at its sole discretion,terminate this Agreement and any and all Direct Incentive Funding under this Agreement upon occurrence of any one or more of the following events of default. The CRA may, at its sole 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 following shall constitute events of default: OD418021-4 Page 8 of 17 2.1.1 Any inaccurate, incomplete, false or misleading statements made by Developer or its agents or representatives to the CRA with regard to the negotiation, drafting and representations in this Agreement or any associated Direct Incentive Program Applications or documents; 9.1.2 Prior to the issuance of the Certificate of Occupancy for the entire Project, if SKYE AT BOYNTON EACH, LLC, the Developer, is vacated, abandoned, or closed or otherwise ceases to exist except for a permitted assignment or transfer of such limited liability entity;. 9.1.3 Any breach by or failure of the Developer to observe or perform any of the terms, covenants, conditions,obligations, or provisions of this Agreement in any material respect and the Developer's failure to cure the same for a period exceeding thirty (90) days after receipt of written notice from the CRA of the breach of failure to perform. If the CRA determines that the nature of Developer's default is such that more than ninety (90) days are reasonably required for its cure, then Developer shall not be deemed to be in default if Developer commenced such cure within said 90-day period and thereafter diligently pursues such cure to completion; 9.1.4 The making by Developer of any general assignment, or general arrangement for the benefit of creditors; 9.1.5 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 banluuptcy unless, in the case of a petition filed against the Developer, the same is not dismissed within one hundred twenty(120)days; 9.1.6 Appointment of a trustee or receiver to take possession of substantially all of Developer's assets,where possession is not restored to Developer within one hundred twenty(120) days; 9.1.7 The attachment, execution or other judicial seizure of substantially all of Developer's assets where such seizure is not discharged within one hundred twenty(120)days; 9.1.8 Should the Site Plan, building or any other necessary permit expire at any time, and should Developer fail to apply for a renewal or extension within sixty (60) days of the expiration of the permit or Site Plan, then this Agreement shall terminate and be of no further force and effect. 9.1.9 Should the Developer modify the Site Plan in a material manner, as determined by the CRA, with regard to the Silver Rating National Green Building Standard elements of the project and/or the square footage of office space without approval from the CRA then this Agreement shall terminate and be of no further force and effect. 99®2 Remedies. Upon the occurrence of any one or more of the foregoing events of default as set forth in Section 9.1, CRA shall at its option, give notice in writing to the Developer to cure its breach or failure of performance if such failure may be cured. Developer shall not be entitled to any Direct Incentive Funding disbursements until the default is cured, The CRA retains the sole discretion as to whether to disperse any Direct Incentive Funding withheld as a result of the Developer's breach or failure to perform until Developer cures the same pursuant to this Agreement. Upon the failure of Developer to cure within (90) days or such longer reasonable period determined by the CRA if Developer is diligently pursing a cure,the CRA may exercise any one or more of the following remedies: W418021-4 Page 9 of 17 9.2.1 Terminate this Agreement upon not less than fifteen (15) days notice by certified letter to the Developer at the address specified in Section 9.5 of this Agreement, such notice to take effect when delivered to the Developer. 9.2.2 Commence a legal action for the judicial enforcement of this Agreement. 9.2.3 Temporarily or permanently withhold the disbursement of any Direct Incentive Funding disbursement or any portion of a disbursement and discontinue any ftuther disbursements. 9.2.4 Take any other remedial actions available at law and in equity, 9®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,to be paid by the non-prevailing party. 99®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. 9.5 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. 99®6 Remedies Under Banliruptcy 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. 00418021-4 Page 10 of 17 9.7 Termination. The obligations of Developer and GRA shall terminate upon the earlier of(i) expiration of the Direct Incentive Funding 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 complete the Project before July 30, 2017, unless extended as provided by written agreement of the parties. Section 10. General Conditions. 10.1 CRA's Maintenance of Records and Annual Account Fundi Commencing with the Effective Date, the CRA shall maintain and administer separate financial records which reflect the 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 Project Increment Revenues collected by the CRA attributable to the Project and the annual Direct Incentive Funding payments owing and paid to Developer under this Agreement. 10.2 Successors and Assigns. The CRA and Developer each binds itself and its partners, successors, executors, administrators and assigns to the other party and to the partners, 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 transferred 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 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 the Developer. Notwithstanding anything to the contrary contained in this section, 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. Such assignment shall not relieve the Developer of any of its obligations or duties as set forth herein. After the issuance of the Certificate of Occupancy, Developer may assign this Agreement to an affiliate of Developer without the consent of but with at least 10 day notice to CRA. 10.3 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. 10.4 Indemnifikation and Hold Harmless. The Developer agrees to protect, defend, reimburse, inder;;ify 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. 004190214 Page 11 of 17 10.5 Notices and other Communications. Whenever it is provided herein that notice, demand, request, consent, approval or other communication shall or may be given to, orserved 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 9.5 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 Developer: Tom Hayden SKYE AT BOYNTON BEACH,LLC 650 S.Northlake Boulevard Suite 450 Altamonte Springs,FL 32701 With a copy to: Gerald Biondo Mural Wald Biondo&Moreno,P.A. 1200 Ponce de Leon Blvd. Coral Gables,FL 33134 If to CRA: Vivian Brooks,Executive Director Boynton Beach Community Redevelopment Agency 710 N.Federal Highway Boynton Beach,Florida 33435 With a copy to: Tara Duby Lewis,Longman&Walker,P.A. 515 N.Flagler Drive,#1500 West Palm Beach,FL 33401 LO.511 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. 10.5.2 Every Notice shall be effective on the date actually received, as indicated on the receipt therefore,or on the to delivery thereof is refused by the intended recipient. 10.6 Time is of the Essence. The parties acknowledge that time is of the essence in the performance of the provisions in this Agreement. 10.7 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 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. 10.8 Exhibits. Each Exhibit referred to in this Agreement forms an essential part of this Agreement. Any Exhibit not physically attached shall be treated asp of this Agreement and are incorporated herein by reference. 00418021-4 Page 12 of 17 10.9 Sever abffl_q, If any provision of this Agreement or application thereof to any person or situations 1,to any extent,be held invalid or unenforceable,the remainder of this Agreement, and the application of such provisions to persons or situations other thm those as to which itshall 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. 10.10 Priority of Igte — Xpretation. In the event of any conflict between the termsand conditions of this Agreement and the Direct Incentive Program, the terms and conditions of this Agreement shall prevail. 10.11 Headin2s. Headings herein are for convenience of reference only and shall not be considered in any interpretation of this Agreement. 10.12 Insurance. All parties hereto understand and agree that the CRA does not intend to purchase property insurance in connection with this Project. 10.13 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. Section 11. REErding. 1.1.1 This Agreement may be recorded in the Public Records of Palm Beach County, Florida. 11.2 Any obligation so created by this Agreement shall be effective as a lien only upon the recording of such lien and shall be subordinate to any mortgage applicable to such property. Notwithstanding the foregoing, nothing herein contained shall be construed as creating an obligation hereunder upon any mortgagee or holder of other security interest including deed of trust prior to said Mortgagee or holder acquiring title by foreclosure or otherwise, This agreement and the rights and obligations hereunder, including without limiting the generality of the foregoing, the Restrictive Covenant, are subordinate in all respects to any first mortgage lien now or hereafter placed on the Property. 11.3 Nothing contained in this Amendment shall be deemed to be a right in favor of, or a duty to, the general public or any tenant occupant, invite,trespass or person or entity of any other status or classification for any reason, use or purpose whatsoever, whether public or private, it being the intention of the parties hereto that nothing in this Agreement, expressed or implied, shall confer upon any person or entity any such right or duty. Rights granted to,or duty in favor of, a third party beneficiary are neither intended nor granted. 11.4 CRA Specifically grants to Developer the right to obtain a mortgage for the development, construction and ownership of the Project. CRA understands, acknowledges and agrees that this Agreement, including but not limited to the Restrictive Covenant Agreement contemplated by Section 7, and each and every other obligation, term and condition of this Agreement is subordinate to such mortgage, its modifications and amendments, changes or replacements, and for all purposes, such mortgage shall be, and treated as, prior in right and time to this Agreement. CRA shall, if requested, W18021-4 Page 13 of 17 execute such additional documents in recordable form as may be necessary or convenient to evidence this promise and provision. Section 12. Public Records The Boynton Beach Community Redevelopment Agency is public agency subject to Chapter 119, Florida Statutes. To the extent the Developer generates or maintains documents considered public records pursuant to Florida Statutes as a result of this agreement, Developer shall comply with Florida's Public Records Law. Specifically, the Developer shall: Keep and maintain public records that ordinarily and necessarily would be required by the CRA in order to perform the service; Provide the public with access to such public records by providing the same to the CRA upon request on the same terms and conditions that the CRA would provide the records and at a cost that does not exceed that provided in chapter 119, Fla. Stat., or as otherwise provided by law; Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law; and Meet all requirements for retaining public records and transfer to the CRA, at no cost, all public records in possession of the Developer upon termination of the Agreement and destroy any duplicate public records that are exempt or confidential and exempt. All records stored electronically must be provided to the CRA in a format that is compatible with the information technology systems of the agency. The failure of Developer to comply with the provisions set forth in this agreement/contract shall constitute a default and breach of this Agreement. If Developer fails to cure the default within seven(7)days' notice from the CRA,the CRA may terminate the Agreement. Section 13. Total or Partial Destruction. 13.1 If the Project shall be damaged by fire, the elements, unavoidable accident or other casualty, so that compliance in any material respects by the Developer with the agreed upon Silver Rating National Green Building Standards as set forth in this Agreement is impossible, interrupted or frustrated, or if as a result of such damage by fire, the elements, unavoidable accident or other casualty, the obligations, terms and conditions of this Agreement cannot be carried out by the Developer, the Agreement shall nonetheless remain in fall force and effect so long as the Developer commences within thirty (30) days of the event the obtaining of building permits for the restoration and repairs and once issued diligently pursues such repair and/or restoration until completion.If Developer has not commenced repairs and restoration within ninety(90) days, the CRA may terminate this Agreement. It is understood, acknowledged and agreed that in the event of damage that exceed the normal and customary insurance deductible of the Developer that Developer must apply for and then receive insurance proceeds in order to commence restoration and repair. So long as the Developer timely applies for and is diligently pursuing the receipt of such insurance proceeds, Developer shall have complied with the preceding requirement provided such repairs and restoration are completed within six(6)months of the dates of the event. In the event of a natural disaster, Act of God or similar major catastrophe the parties acknowledge, understand and agree that performance as to repair or restoration may not be possible within the time frames stated 00418021-4 Page 14 of 17 above and the Developer shall be given such time as is reasonable to commence repairs and restoration and to complete same. During the period that the Project is being repaired and restored, the CRA shall have no obligation to disburse Direct Incentive Funding to Developer. If repairs and restoration have not been completed within one(1) year of the event of natural disaster, Act or God or major catastrophe, the CRA may terminate this Agreement. 13.2 This Section 11 shall be paramount to all other provisions of this Agreement, including but not limited to Section 4 and Section 8. [SIGNATURES ON FOLLOWING PAGES] W419021.4 Page 15 of 17 IN WrrNESS OF THE FOREGOING, e parties have set their hands and seals the day and year first above written. WITNESSES SKYE AT BOYNTON BEACH,LLC a Florida limited ompany By: PA-/ am 1,01M Print Name: A° . Title: rit a e: STATE OF FLORIDA } SS: COUNTYf BEFORE E, an officer duly authorized by law to admi=,L d a acknowledgments, personally appeared v � �,� _ as jt6_ of SKYE AT BOYNTON BEACH, LLC, and acknoArledged under oath that he/she has executed the foregoing Agreement as the proper official of SKYE AT BOYNTON BEACH, LLC, for the use and purposes mentioned her ` dhat the ins ent is the act and deed of S A EAC LLC. He/sheis"pe sr o ly oan'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 o _ 2015. YAM \�®1rt1111tt11ur1tr®Nfr®i Olga9 My Commission Expir N blic, t o Flori tLarge _ `• 8ond •`(ci= Nagy ® 4 TENTIONALLY LEFT [CITY SIGNATURE ON FOLLOWING PAGE] 00416621-4 Page 16 of 17 WITNESSES BOYNTON BEACH COMMUNITY REDVELOPME GECY By: ezl-j 6n�� Print Name:ILV51�4_10 Print Name- ,o&,�,&., STA TE OF FLORIDA E N11,'A tay6loC, SS: COUNTY OF PALM BEACH h BEFORE ME ffic tho ed by law tosdnj t oaths and take acknowledgments, personally appeared 2 of BOYNTON BEACH COMMUNI?Y_ REDEVLOPMIVT AGENCY, and acknowledged der oath that he/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOP M =Y, for the use and purposes mentioned herein and that the instrument is the --h-c-Fai-n-a- RJ�ReU 0 BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she is person O:to me or hasp C as identification. SS OF FORE OING, have set my hand and oficial seal at in the State and County aforesaid on this�rUdday of 015. A Ada c My Commission Expires: M-JiNy PouOb 'wState of lora at Large W418021-4 Page 17 of 17 I ifr s 1 r I l L -- r i kz r c r` PAR r W �. a _ )� ry 4' _ Ln $ 1, rr a`s ll r, W 4 f�t?. t r =k i _ r A r r i II; r w EXHIBM 0086 13ABE VALUE ft- yl CFA fv-lftvbn . . u; a LoMon Address 1013 PWOI ConW Number 08-4345-2603-007-Ni 0 Subdholon Kwom Tom OF i Official ReCCWdS Z4660 fte 927 Sale Doe 11 OF WYNTM ALL OF BLK 7 612 IN PRIP23, KNWMN RLV ISL OF WX 12 IN P815Pi8&PT OF ABNDSE 2ND A M"M PO NOR 2S1199 SHAWNEE MMON KS 66225 5999 sdo DM FAM OR ftkntp D. ,_•f JUL-2011 $5,WD 24660/0927 OF TITLE CAPSMME REM LLC D6G2004 $550,900 18074/0853 WARRANff Din BMMTON Hf>iF URES I LLC DEC-1994 $100 06 /Ml 7 CERT OF Tnu DECAM $100 09553/0915 CEffr OF inTLE OCT-1 ON $100 084.97/0154 CERTOFTnU 13 No n . 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N `0 m o no 0try % a m to - cm Ci 44 ds � cs� to 3g o = D o C6 c i M- Ln d M GO an m N 3� :s m C! uq 69 GO.D. f W m m a� o p o a o c`v N o o D rO d' A to W to ' co cm O V O d ® Gp to LL d h m LL W C d C CV h � GCI �< 69 E9 69 op 21 { Q. N ., O o m c at r c c m am (L) E G+ aEi 'o Um � M CL - w 8 _ o o ami °CL 0c' � U H a _ �a m LL ma's m a' aosm 0 a � m ® m ® Q LL LD -- Ua Ua �p�p LL ro PA- ami C7 U 1- a Q ;. . Ot low 4{ i Qui, 11,' w��:� TF, P P , 1 l c ' gj� 31 gA .. l ,u PI /+ 7 i `;i� �• 4 �s�, 4 "a � rt- f a � T df�I�I �� l� '. .aa K^ar ''mss r , rt -0 , , mw r 1 - T a% 12 iRrT f, �n TZZ, LA w 4 " r , a ,lT i� D33� Y i It ?8 C s. i Cfil Is Y EXHISIT OP SW Oom Green Building Moniharing Plan The fallowing n building measures will be monitored annually in common areas and residential unfu In accardance wkh the unit sampling plan. ✓ Function ofEVcharOngstations ✓ Verffy that IffWan rystern Is functioning (nozzles and spray heads, ✓ Verify that fthling motion sensors am ftnationing Residential Unit Nonss ✓ Visual Inspection of building enwelope. The following are caulked, d,weather stripped, r Joints, to W1ndawm6 doors,skylghtsam csulkK fliashed,sealed appropriately Openings n window and door assernblle%iambs,ftmes Verify shower houls and fa is remain Inmalled as des ) ✓ Check carbon monoAle alaffm ✓ Check that MERV 8 filters are still being used ✓ Dryer exhaust connection Is mintalned ✓ Kitchen exhaust hood functions properly +rHot water heating pipe Insulation ✓ Leave behind an educational brochure detailing: green building u and energyo ti ftmwsW control set points baneft of turning lights Gmw BuIlding Mamurs Verfkation Plmn Each residential unit will be vadfied in acwrdance with thq verfttlon plan outlined in the table below. I"ift", ad P*r Floor Witr Floomwm Al M Uwdtc. 1 13 3 0 33 34 DI UnHaVedfled r Floor a 13 0 21 34 EDJ"II rfg*d r Dor 3 33 0 1 34 01 URPIW V*dM?ad Per F r 34 1 U"Ift Orlin T Rwr 2 34 En Unth Variffod 0 34 34 Z4 Its verme r Floor 34 34 —0 Year Moorm omit I'm Mevors"ad For to 4 14 Detail by Document Number http://search.sunbiz.org/inquiry/CorporationSearch/SearchResultDetai Exhibit "G" c � cartact U's E-Piling seForms � . ,a Detail by Document Dumber Florida imited LIgtRtLg2MgM SKYE AT BOYNTON BEACH, LLC Filing Document Number L15000045440 FEI/ElN Number NONE Date Filed 03/1212015 Effective 03/1212015 state L Status IV 650 S. NORTHLAKE BLVD ALTAMONTE SPRINGS, L 32701 Mailing 660 S. NORTHILAKE LV ALTAMONTE SPRINGS, 1 Registered LECESSE DEVELOPMENTCORP. 650 S. NORTHLAKE BLVD. SUITE ALTAMONTE SPRINGS, 1 Authorized f Name &Address Title SALVADOR 650 S. NORTHLAKE BLVD., SUITE ALTAMONTE SPRINGS, l= 1 Title MORGAN, ROBERT 1080 PITTSFORDVICTOR ROAD PITTSFORD, NY1 3 Coovrkrht®and State of Florida,Department of State 1 of 3 4/13/2015 5:08 PM Detafl by Document Number http://search.sunbiz.org/Inquity/CorporationSearch/SearchResultDetai FIEBER, JIM 47 ELM STREET NEW CANAAN, CT 06840 Title VP FLYNN, JOHN 650 S NORTHLAKE BLVD., SUITE 450 ALTAMONTE SPRINGS, FL 32701 Title VP KAALI-NAGY, DAMIEN 21 SOUTH AVENUE NEW CANAAN, CT 06840 AUBMIL&g2ELs No Annual Reports Flied Document Im9ges 03/12/2015— Flori1 ite Lig Ili r View image in PDF to at 2 of 3 4113/2015 5:08 PM Electronic Articles of Organization L15000045440 For FILED 8:00 AM March 12 2015 Florida Limited Liability Company Sec. Of State sybung Article I The name of the Limited Liability Company is: SKYE AT BOYNTON BEACH, LLC Article 11 The street address of the principal office of the Limited Liability Company is: 650 S. NORTHLAKE BLVD ALTAMONTE SPRINGS, FL. US 32701 The mailmg address of the Linuted Liability Company is: 650 S. NORTHLAKE BLVD ALTAMONTE SPRINGS, FL. US 32701 Article III The name and Florida street address of the registered agent is: LECESSE DEVELOPMENT CORP. 650 S. NKE BLVD. SUITE 650 ALTAMONTE SPRINGS, FL. 32701 Having been named asretistered agent and to accept service of process for the above stated limited bability company at the p ace designated in this certificate, I hereby accept the�appointment as registered agent and a e to act in this caFacity. I further agree to comply with the provisions of all s r tatutes j e relating to e proper and comp ete performance of my duties, and I am familiar wilh and accept the obligations of my position as registered agent. Registered Agent SignaWre: SALVADOR LECCESE Article IV L15000045440 The name and address of person(s) authorized to manage LLC: FILED 8:00 AM March 12 2015 Title: PRES Sec. Of Stite SALVADOR LECCESE iyoung 650 S. NORTHLAKE BLVD., SUITE 450 ALTAMONTE SPRINGS, FL. 32701 US Title: VP ROBERT MORGAN 1080 PITTSFORD VICTOR ROAD PITTSFORD, NY. 14534 US Title: VP JIM FIEBER 47 ELM STREET NEW CANAAN, CT. 06840 US Title: VP JOHN FLYNN 650 S NORTHLAKE BLVD., SUITE 450 ALTAMONTE SPRINGS, FL. 32701 US Title: VP DAMIEN -ISTAGY 21 SOUTH AVENUE NEW CANAAN, CT. 06840 US Article V The effective date for this Lumted Liability Company shall be: 03112/2015 Signature of member or an authorized representative Electronic Signature: GERALD J. BIONDO, ESQ. I am the member or authorized representative submitting these Articles of Or anization and affirm that the facts stated hemin are true. I am aware 1hat false information submitted in a gocument to the Department of State constitutes a fifird degree felony as provided for in s.817.155, F.S. I understand the requirement to filean annual reT and ery year ort between January 1 st and May I st in the calendar year following formation of the LLC ev creafter to maintain"active" status. LeCeSSe DEVELOPMENT CORP 1l/2G/2OZO Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 71ON. Federal Highway Boynton Beach, PL93435 RE: 500 Ocean Direct Incentive Funding Agreement Dear Michael, Pursuant to section 6.3 of the Direct Incentive Funding Agreement for 500 Ocean, please see the below listed certification documents contained within this document: � Compliance letter from John Kuntzrnan * Certification letter from RumBrOOk Consulting � Acopy ofthe 20JOBuilding Systems Audit Report � 2020 tangible personal property and peal estate property tax bills and check Copies * 2QZOtax receipts numbers (located etbottom ofdocument) � 2O2Otax proof that funds cleared account Should you have any questions or need any additional information please let me know. Best Regards, [e||um King Asset Manager ca||urnking@|ecesse.comn 407-645'5575 65OlNorth|ake8|vd,Suite 450Altamonte Springs, FL327O1mPhome:407.645.5575Fax:407.643.US53mvvww.|ecesse.com The ® i DEPARTMENTDEVELOPMENT BUILDING DIVISON 100 E.Boynton Beach Boulevard P.O. Box 310 Boynton Beach,Florida 33425-0310 Le 561-742-6350 FAX: 561-7426357 www.boyriton-beach.org November 25, 2020 Michael Simon Executive Director Boynton Beach CRA 100 East Ocean Ave Boynton Beach, Florida 33435 Ref: 500 Ocean Project Re: Systems Audit 2020 Dear Mr. Simon: I have received the audit report and letter of certification prepared by SustainaBase. Dated 11/05/2020 for the above referenced project. Based on the information contained within the report and the findings provided the project is in compliance with section 5 . 3 of the filed March, 12 , 2015 Direct Incentive Funding (DIF) Agreement . If you have any questions or concerns please contact me in the Building Division at 561 . 742 . 6376 , Sincerely, �f John Kuntzman, CBO, PX, BN, CFM, Interim Building Official /Flood Plain Manager Cc: Michael Rumpf, Director of Development S:\Development\BUILDING\Kuntzman, John\Correspondance\Seabourne Cove Systems Audit_040616.doc SUsrahaBase' Ri-nn,Brook" Date: 11/5/2020 Re: 500 Ocean Systems Audit Report and D|FAConnp|iance At n: ]ohnKuntznnan Development/ Building Official Mr. Kuntznnan, The Direct Incentive Funding Agreement (D|FA) for the 5OOOcean project in Boynton Beach requires annual systems audit reports be performed in accordance with Section 5.3 and Exhibit F. SustainaBase (formerly RunBrook) performed the systems audit reports in 2018, 2019, and 2020 and found the property to be in compliance with Exhibit F (500 Ocean Green Building Monitoring Plan). Please feel free tocontact meifyou have any questions. Sincerely, yWattZirke|bach, President ofSustainaBase(Formerly RunBrook LLC) Class | RESNET Energy Rater LEED for Homes AP LEED for Homes Green Rater NGBS Green Verifier FGBC Certifying Agent Cc Callum King(LeCesseDevelopment) Chad Hochu|i (LeCesseDevelopment) rea|estate.sustainabasezonn matt@sustainabasezonn 3l3Datura Street,Suite 3OO West Palm Beach, FL 33401 Office: 561-676-3375 Building Systems Audit Report (Calendar Year 2020) 500 Ocean, Boynton Beach, Florida 101 S Federal Hwy, Boynton Beach, FIL 33435 City of Boynton Beach, Community Redevelopment Agency t Home Innovation NGBS s �I r , GREEN CERTIFIED Prepared y: �rr SustainaBase (Formerly SustainaBase) 313 Datura Street, Suite 200 &-Eta inaBase West Palm Beach, FL 33401 realestate.sustainabase.com previOUSly E p°{ ".,Lenr matt@sustainabase.com (561) 676-3375 2020 Building Systems Audit Report—500 Ocean Project Background The Boynton Beach Community Redevelopment Agency (CRA) entered into a Direct Incentive Funding Agreement (DIFA) with Morgan Boynton Beach, LLC for the 500 Ocean Project, a seven story, 341-unit, multifamily apartment building located at 101 South Federal Highway in Boynton Beach, Florida. Pursuant to the DIFA, the 500 Ocean project was required to secure a Silver level green building certification from the National Green Building Standard (NGBS).The project is required to perform annual building systems audits on at least 34 residential units for the next ten years to monitor green building measures/features in residential and common areas. See Attachment A for a copy of the systems audit checklists. SustainaBase, LLC, performed the audits and performed the tests described in this report. Purpose This building systems audit report documents field observations and building performance tests conducted at the 500 Ocean property on September 24, 2020. Field observations were recording using the systems audit checklist(Attachment A)to verify that green building measures/features were installed and functioning appropriately in both common and residential areas. Examples of checklist items include verifying that: electric vehicle charging stations are functioning, the building envelope was well sealed, shower heads and faucets maintain low flow, and appropriate HVAC filters were used. Examples of performance tests include completion of a blower door test to measure unit air leakage, a key factor in energy efficiency, and occupancy comfort. Methods SustainaBase, LLC, utilized qualified RESNET Home Energy Rating professionals to perform the site inspections and perform blower door tests. SustainaBase's Energy Raters visited each unit and filled out the building systems audit checklist. SustainaBase's Energy Raters also performed the blower door test. This was done by installed a blower door canvas to the front door and depressurizing the unit using a blower door fan and manometer to reach a pressure differential of-50 pascals (unit WRT the corridor). The corresponding flow rate measured in CFM was then recorded along with the blower door fan ring used for each unit. Using test data along with unit volume, the number of air changes per hour at 50 pascals of pressure was calculated (ACH50).The ACH50 measurement indicates the number of times the total air volume in the unit changes in one hour under a pressure differential of 50 pascals. Low values for ACH50 indicate a tight envelope with little to no leakage to the outdoors and adjacent spaces. High values for ACH50 indicate a loose envelope exhibiting leakage to the outdoors and adjacent spaces. Page I 1 LeCesse Development&Cambridge Management Green Building Consulting by SustainaBase(Formerly SustainaBase) 2020 Building Systems Audit Report—500 Ocean Project Building SysteMS Aud The table below provides a list of the unit types and unit numbers audited in 2019 included in this Building Systems Audit Report. Audits were performed on September 24,2019. 500 Ocean Annual Systems Audit Matrix 2018 2019 2020 1 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5 6 7 8 9 10 ID Unit# Unit# Unit#` Unit# Unit# Unit# Unit# Unit# Unit# Unit# 1 112 125 113 2 114 133 149 3 116 238 156 4 118 258 218 5 120 322 230 6 121 336 240 7 122 345 255 8 126 357 311 9 127 368 331 10 128 369 376 11 1134 375 1 420 12 136 414 450 13 211 429 511 14 213 431 523 15 214 432 576 16 216 440 620 17 1219 442 158 18 220 468 221 19 222 475 317 20 228 518 335 21 239 521 356 22 244 533 374 23 1447 537 1 378 24 448 544 412 25 449 562 413 26 451 575 430 27 452 615 471 28 453 630 512 29 455 640 514 30 1456 644 1 517 31 457 610 519 32 458 562 541 33 459 316 572 34 460 550 619 35 - - 659 Page 12 LeCesse Development&Cambridge Management Green Building Consulting by SustainaBase(Formerly SustainaBase) 2020 Building Systems Audit Report—500 Ocean Project Results Building measures/features located in common areas audited included the electric charging stations, irrigation systems, and timers. All systems audited were functioning and no significant deficiencies were note.The following photographs were taken as documentation. =f sr � 4 � r Sj Electric charging station in functioning order, protected by parking barricade,signage in place � z fV i i y 1A 1A r S M w �, ` % Irrigation heads in functioning order, native plants well maintained Page 3 LeCesse Development&Cambridge Management Green Building Consulting by SustainaBase(Formerly SustainaBase) 2020 Building Systems Audit Report—500 Ocean Project Results a Residential Units Building measures/features located in residential units audited included sealing of the residential envelope including windows, doors, sliding glass doors, and shared walls. Other building measures/features audited in residential units included showerheads, carbon monoxide alarms, filters (ensuring that they are MERV 8), and dryer exhaust connections. Blower door tests were also performed in each unit.All systems audited were functioning and no significant deficiencies were note.The following photographs were taken as documentation. W", �{ �tr Dryer exhaust fans attached and MERV 8 filters maintained C��F ��tttt{Sft�S t � I'�ti tS t k. Low flow showerheads remain in place ti�S t "�� stny �tta 1A t 0 "'i�hliii Page 4 LeCesse Development&Cambridge Management Green Building Consulting by SustainaBase(Formerly SustainaBase) 2020 Building Systems Audit Report—500 Ocean Project i� rz i Envelope sealing measures to limit air infiltration {;{!t c t� sr� s 1 Blower Door Unit Set Up Page 5 LeCesse Development&Cambridge Management Green Building Consulting by SustainaBase(Formerly SustainaBase) ATTACHMENT A: INDIVIDUAL SYSTEM AUDIT REPORTS 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: i Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway,Boynton Beach, FL Date of Audit/Test: i Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave c.`. ",r =Mg, / � .F,r. ,",t., ✓� ,✓/� �. r /�� mr", .,:., --£,`ice �� Unit Volume Unit S. F CA (C M779 r / ACH50=CFM50 x 60/House Volume = j Auditor Name: Frank Costagliola Auditor Company: Sustai. Base inspections, Inc Auditor Signature: -- wwwsustainabase.com matt@sustainabase.com 561-676-3375 i 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: I q I Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: d Vgo, II A Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as'designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave "10 0,11 M 'AMI/ MAE, ON m "0 AWN Unit Volume LI I i Unit S. F 06 it v wM _6PNO L( (3 R? I'M INS ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustainsp Inspqctions, Inc Auditor Signature: www,sustainabase.com =s —matt@sustainabase.com 561-676-3375 Sustainat3ase 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: I Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: zx a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained INA Re-circulating hoods over microwave Unit S. F Unit Volume J54� zs� -711177- MR, 345 6 ACH50=CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustai946ase Inspections, Inc Auditor Signature: Per Kuntzmai nment 11/19/2020). Rater verified compliance in field for all items, but forgot to enter CFM 50 See above for correction where CFM 50 = 345 www.sustainabase.com matt@sustainabase.com 561-676-3375 &jsMinciBa 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office:Boynton Beach CRA Street: 101 S. Federal Highway,Boynton Beach,FL Date of Audit/Test: q1d'11' )z Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations V Per Kuntzman review comment 11/19/2020). Rater verified compliance b) Windows, doors, skylights / in field ora items, but torgot to till_0_UT_fff1_s portion of the form. This response representE this correction. c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) V Check carbon monoxide alarms V Check that MERV 8 filters are still being used V Dryer exhaust connection is maintained V Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave "51 X ON MR` W �US Unit Volume Rn, PI'll.................. ........... ........ Up So 471 W41"M N ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: SustaigoBase Inspections, Inc Auditor Signature: www.sustainabase.com ***Bl matt(@sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 'Q I ce Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, Fl. Date of Audit/Test: Id q lolo Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations V/ b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads; and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms U/ Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained Re-circulating MR 10 IN R I'M 'MM 7F7 Unit Volume Ll Unit S. F 0(' WA, MIAMI Sol ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustairla ase Inspections, Inc Auditor Signature: www.sustainabase.com ed matt@su,stainabase.com 561-676-3375 &sbinaBas 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: gL4 \ Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: OWN M� N Ng Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Cht-ck carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave W Unit S. F Unit Volume 19 logo""" WE MY ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: SustaigiBase Ipspections, Inc Auditor Signature: U www.sustainabase.com —matt@-sustainab—a-se.com 561-676-3375 &BMirklBase-' 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 0 Permit Office: Boynton Beach CRA 'J6 Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit Test: q ')q� MR Mir WME, P111 Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Z Unit S. F ob� Unit Volume SO 340 ACH50= CFM50 x 60/ House Volume Auditor Name: Frank Costagliola Auditor Company: Sustain ase Inspections, Inc Auditor Signature: www.sustainabase.com matt@susta*inabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: M f9uo AN �.. ............... MEN Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms V/0 Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave WMINIM` IN I I E 061 , RR Unit S. FUnit Volume 'M kog/p 15100", la 10A ACH50= CFM50 x 60 House Volume 143 Auditor Name: Frank Costagliola Auditor Company: SustaipaBase,Inspections, Inc Auditor Signature: www,sustainabase.com A041L matt@sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: a E 91 04 p P10 Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) L/ Check carbon monoxide alarms J ,00,0000,e Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit S. F 7 1 ( Unit Volume is "� ft .. ';; �* a`tit,y<;�' ray„ J 1�:3 ,�� ' y'' (. ,, a ;, E � f � 11 ACH50= CFM50 x 60/ House Volume = Auditor Name: Frank Costagliola Auditor Company: SustainaB a Inspections, Inc Auditor Signature: www.sustainabase.com �f matt sustainabase.com aistaii3Ba It! 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 1015. Federal Highway, Boynton Beach,FL Date of Audit/Test: ON M i MW V&al inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms r Checkt hecc k t that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. F -7 M ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Name: e Auditor Company: Sustai :B:a:s:ej1nspections, Inc Auditor Signature: www.sustainabase.com, matt@susta*inabase.com AV& 561-676-3375 &JSMirklBaZiv 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: Cl i •' .. ...� ,�< ......: .•..•...�;,: ��:.�`a....,.�i x.. ,'tea: �.. .�"", ; o„..;. �.` �'`..a� :v}.. Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Chp-ck carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Mal �� \ Via; n�+ � •"/r Unit Volume � ® ��r ' - r/,.,. s i ._.•« �, sig :�- 377 r i ACH50= CFM50 x 60/ House Volume = Auditor Name: Frank Costagliola Auditor Company: Susta ipp Base Inspections, Inc i Auditor Signature: www.sustainabase.com matt sustainabase.com SLstainal3ase- 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Ai Permit Office: Boynton Beach CRA 1 Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: R 1 Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave I" MINE' IM •' ,n 4,& ffi// `,7.- �"'0i`:� ,� iii,: ...u I ,&�.�\ ¢'€'„`. v'. Unit S. F I Unit Volume Y Q9 \\ � y ACH50= CFM50 x 60/ House Volume = LI Auditor Name: Frank Costagliola Auditor Company: SustaVpBase Inspections, Inc Auditor Signature: www.sustainabase.com =u= matt Dsustainabase.corn &x0haBaz5t! 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: i Permit Office: Boynton Beach CRA Street: 101 S.Federal Highway, Boynton Beach,FL Date of Audit/Test: q + Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit S. F Volumet ACH50= CFM50 x 60/ House Volume Auditor Name: Frank Costagliola Auditor Company: Sustaina ase Ins, ections, Inc Auditor Signature: www.sustainabase.com matt sustainabase.com 561-676-3375 ^ ~~~~~~ O~~~~~°". ~~~~..~~...g ~~y,~~~~...,~ Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: J!:�61 Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FIL Date of Audit/Test: o I'M PX MUM Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights L/ c) Openings between window and doors, jambs, frames verify that showerheads and faucets remain installed Per Kuntzman review comment as designed (no-changing heads) 11/19/2020). Rater verified compliance Check carbon monoxide alarms in field but forgot to check the box verifying that showerheads and facuets remained the same. This has been corrected. Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Aww Unit S. F L-1 LA Unit Volume Auditor Name: Frank Costagliola Auditor Company: Sustainapase Inspections, Inc Auditor Signature: ow matt@sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: / / z, Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. Fck i caIffiVaNdW ACH50= CFM50 x 60/House Volume = Auditor Name: Frank Costagliola Auditor Company: SustainaBase Inspections, Inc Auditor Signature: www.sustainabase.com matt sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: ? Permit Office: Boynton Beach CRA 3 Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test- Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit S. F Unit Volume ACH50= CFM50 x 60 House Volume LA L Auditor Name: Frank Costagliola Auditor Company: SustainaB a Inspections, Inc Auditor Signature: www.sustiDCinabase.com matt )sustainabase..com NI 561-676-3375 00c; 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: 1000 -0/0"A 10 11W iw� Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NIA Re-circulating hoods over microwave ggt Unit S. F 0a Unit Volume lam NO ol I M-44' "! IM ___w 2c)% � 44 ACH50= CFM50 x 60/ House Volume Auditor Name: Frank Costagliola Auditor Company: SustainaBasq VsPections, Inc Auditor Signature: www.sustainabase.com matt @susta �inabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 4 1� Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave "m T, Unit Volume Unit S. F 7Y "Em, ON DIME 3 Ll ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustains ase Inspections, Inc Auditor Signature: www,sustainabase,com matt @sustainabase.com 'q4 MWOON 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test- 01.1v Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave q Unit Volume Unit S. F ACH50 CFM50 x 60 House Volume = 4 Auditor Name: Frank Costagliola Auditor Company: Sustai Base I spections, Inc Auditor Signature: www.sustain.abase.com jz matt sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Pr6ject Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: LA U _o Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: /j Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave MOW Unit S. F L4 Unit Volume E ACH50=CFM50 x 60 House Volume = Ll G( Auditor Name: Frank Costagliola Auditor Company: SustainaBbse Inspections, Inc Auditor Signature: www.sustainabase.com matt@sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 'I 3o Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach,FL Date of Audit/Test: -- f 'I I , )q 110*W Vi4ual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave 'M NO Unit Volume Unit S. F ACH50= CFM50 x 60 House Volume = -7 Auditor Name: Frank Costagliola Auditor Company: SustainaBa InspectA*ons, Inc Auditor Signature: U www.sustainabase.com Aoft A"k TV matsustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: LA Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit Test: 'f Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. F v ACH50= CFM50 x 60/ House Volume = ` I Auditor Name: Frank Costagliola Auditor Company: Sustain ase Ins ctions, Inc. Auditor Signature: www.sustainabase.com matt@sustainabase.com &BminaBa0%;; 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: qlj q /jo A1" A l " Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. F 11114� ACH50= CFM50 x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustain ii ase Inspections, Inc Auditor Signature: www.sustainabase.com TIM matt s_ustalnabase.com 561-676-3375 mow 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: J Y M-10 Ixss•' ��€�E�fr f€ � � \�\`\\.` a ;,a '''�z� Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave ME io 0 / Unit S. F Unit Volume l y ssu NMI\ ACH50= CFM50 x 60/ House Volume = �� Auditor Name: Frank Costagliola Auditor Company: Sustains se Inspections, Inc Auditor Signature: www,sustainabase,com h ^10% matt-@-sustainabase.com 1:!3JBa`14>mbomms 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: �i Permit Office: Boynton Beach CRA r Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: /a 4, r,. N2,101,01111"O NO- Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit S. F Unit Volume 791Y ACH50= CFM50 x 60/ House Volume = /1- Auditor Name: Frank Costagliola Auditor Company: SustainaB s Inspections, Inc Auditor Signature: wwwsustainabase.com Aoft Tel matt@sustainabase.com 561-676-3375 j 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 1 Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: Q � j Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations • Per Kuntzman review comment V 11/19/2020). Rater verified compliance b) Windows, doors, skylights / portion of the form. This response represents V this correction. c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms V Check that MERV 8 filters are still being used V Dryer exhaust connection is maintained V Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave 0 �1 Unit Volume' Unit S. F ACH50= CFM50 x 60/ House Volume = Auditor Name: Frank Costagliola Auditor Company: Sustai Base Inspections, Inc Auditor Signature: www.sustainabase.com _matt@sustainabase.com &BmirjaBa 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: 1 Permit Office: Boynton Beach CRA Street: 101 S. Federal`Highway, Boynton Beach, FL Date of Audit/Test: .,"1/„ Visual inspection of envelope.The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave r „ Unit Volume C>gq Unit S. F it C?� +- at /,-, P fir„ ACH50= CFM50 x 60/ House Volume Auditor Name: Frank Costagliola Auditor Company: Sustain ase Inspections, Inc Auditor Signature: www.susta nnabase.com matt sustainabase.com ase- 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: �5� � Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: AD 1111111 If t I&M-111 Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs,frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit S. F Unit Volume S_ 4S4 gggja" "MI'll,1101"IN 7 It'll ....... 7, -f Rux, III ACH50= CFM50 x 60 House Volume = L Auditor Name: Frank Costagliola Auditor Company: SustainaBaye Inspections, Inc Auditor Signature: www.sustainabase.com att@sustainabase.com 561-676-3375 &BMir7aBa%qYU 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach,LLC Lot/Unit: L\ Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway,Boynton Beach, Fl. Date of Audit/Test: 'xuw'zzq I w"�' " Meg "'11 I I alwME BM NEW Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations v 41 Per Kuntzman review comment 11/19/2020). Rater verified compliance b) Windows, doors, skylights in Tie ld Tor all items, but forgot to fill out this V portion of the form. This response represer is this correction. c) Openings between window and doors, jambs, frames V Verify that showerheads and faucets remain installed as designed (no-changing heads) V Check carbon monoxide alarms V Check that MERV 8 filters are still being used V Dryer exhaust connection is maintained V_ Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave ............'MM 1 16 1 Unit S. F Unit Volume 6 / aC A oft CL ACH50=CFMSO x 60 House Volume Auditor Name: Frank Costagliola Auditor Company: Sustain q se Ins ections, Inc Auditor Signature: www.sustainabase.com T" matt2sustainabase.com 10% 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: S--� `), Permit Office: Boynton Beach CRA Street: 101 S. Federal Highway, Boynton Beach, FL Date of Audit/Test: J Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave y. tip \Y I y 4 , c E Unit Volume Unit S. F j 01 ACH50= CFM50 x 60/ House Volume= Auditor Name: Frank Costagliola Auditor Company: Sustain ase In ections, Inc Auditor Signature: ° www.susta nnabase.com matt sustainabase.com 561-676-3375 i 500 Ocean Building Systems Audit Form Pr6ject Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 1015. Federal Highway, Boynton Beach, Fl. Date of Audit/Test: Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave .......... Unit S. F Unit Volume 13 ACH50= CFM50 x 60 House Volume = Ll Auditor Name: Frank Costagliola Avditor Company: Sustain a ase Inspections, Inc Auditor Signature: www,sustainabase.com TV —matt@sustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA Street: 1015. Federal Highway, Boynton Beach,FL Date of Audit/Test: 6 ldq Ou Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. F ACH50= CFM50 x 60/ House Volume= Auditor Name: Frank Costagliola Auditor Company: Sustain se Ins ections, Inc Auditor Signature: WWW.sustainabase.com TM matt Dsustainabase.com 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: r'.' ' Permit Office: Boynton Beach CRA Street: 1015. Federal Highway, Boynton Beach, FL Date of Audit/Test: V NO "Mo Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, jambs, frames Verify that showerheads and faucets remain installed as designed (no-changing heads) Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave Unit Volume Unit S. F ACH50= CFM50 x 60 House Volume Auditor Name: Frank Co tagliola Auditor Company: Sustai ase Inspections, Inc Auditor Signature: www.sustai.n,abase.co matt@sustainabase.com &BMirwoBast:""' 561-676-3375 500 Ocean Building Systems Audit Form Project Name: 500 Ocean Builder Name: Morgan Boynton Beach, LLC Lot/Unit: Permit Office: Boynton Beach CRA 5q Street: 101 S. Federal Highway, Boynton Beach,FL Date of Audit/Test: q d Visual inspection of envelope. The following are caulked, gasketed, weather stripped, or sealed: a) Joints, seams, penetrations b) Windows, doors, skylights c) Openings between window and doors, • jambs, frames Veri y_t_hatshowerheacls and faucets-remain installed as designed (no-changing heads) z Check carbon monoxide alarms Check that MERV 8 filters are still being used Dryer exhaust connection is maintained L11-1o" Kitchen exhaust connection is maintained NA Re-circulating hoods over microwave cam Unit S. F Unit Volume js ell, '20 ACH50= CFM150 x 60/House Volume Auditor Name: Frank C tagliola Auditor Company: Susta' Base Inspections, Inc Auditor Signature: www,sustainabase.com matt@sustainabase.com "14 &BMirkiBaou 561-676-3375 Skye at Boynton Beach LLC PO BOX 3353 4261 TAXPB-TAX COLLECTOR PBC WEST PALM BEACH,FL 33402-3353 SunTrust Bank Print As:TAX COLLECTOR PBC 379 OP 7014 Cate:1.11(]8!2020 =n=°) Yw s Jt '!-„ 3 5`..r,._� �"� � _ ,�_�:: 3 1 r_ii <.•k ti)k ) t i- f` Uk�,a,.,�( #IC��.".�z�iris s .�,�s�str�h�t,.F ,rrX1X��;t#airFxflT�G��i�4��t��xi��1R =Xtaia�hnfu�#r��tn2zr�r9it=,�„ ,� ,� 1110112020 507352826-2020 .ACCT 217380 311,361.87S16,361.87 .,<,, �n �.,„„ k r,a.- •.a w .�r. )F s. e,t,,. t .t.,,--_. _. S i ,, � _:7 . ____ .. sr., .S -.ta. F� _� Skyeat Boynton Beach LLC SunTrust Bane 4261 Operating Account Date: 11/08/2020 650 S. Northlake Blvd., Ste. 456 Altamonte Springs, FL 32761-6175 (407) 645-5575 Pay Sixteen Thousand Three Hundred Sixty One Dollars and 87 Cents Memo:ACCT 217380 to the TAX COLLECTOR PBC 011'erot PES BOX 3353 WEST PALM BEACH, FL 33402-3353 PZ Sf N3tPs 11500 , 26 VI I:06 1000 1044: L000 L9 ? L9 ?0 0oI Skye at Baynton Beach LLC PO BOX 3353 4261 TAXPB-TAX COLLECTOR PBC WEST PALM BEACH, FL 33402-3353 SunTrust Bank Print As:TAX COLLECTOR PBC 379 C/0 7014 Cate;1100812020 c#WmVa, ra�,. fir, a.fi.,rP ;n4ac=I, 1041' 11101/2020 507352826.2020ACCT 217380 56361187 „s s `t ..,--. ,rt ) ..� P S .�4 ,,.� Page 1 of 1 C., E-i F- "D N "01ys NOT ME --,J I 4 1 t t ...i I iA C7 A i N .71 ell ED kji ...... fD so. M. o R 03 m U) a 30 m m - a m z G) po 0 m > z33 m cr sxt mm USma K:� K a c-8L =, E .A 01 gym m ag 8 go . z gv, 9 c6 f R --. -.-.2 C W M m z M:E "m n ..a; 3: af m 0-1 9.::j cn o 2` c�Lg om. z- o =fig N • a%, N go la "RCoQ gi ID Nf NINJi A En,L.i-- U, j'A N Ahc C f F E c"Ll 1 S.Er -)i H i A,FD C)T N E C., NEGOT 1ABLE - NCI I DTLAJ31.J:- NOT N 0 C. N �Au L�.— - I ED NM jLE NO 1 E FP SECURI-f-Y r-P S',ECA-il-3i T i PA P i m BE 1 D LE i1A 1— ;% i: "D—A— 1 COUNTY OF PALM EACH: NOTICE OF TANGIBLE PERSONAL PROPERTY TAXES ACCOUNT NUMBER YEAR BILL NUMBER CIVIC ASSESSMENT LOCATION RETURN FILED 217380 2020 507352826 98 101 S FEDERAL May 12, 2020 ASSESSED VALUE EXEMPTION VALUE 821,516 25,000 500 OCEAN LUXURY APARTMENT HOMES ASSESSED PENALTY TAXABLEVALUE A: SKYE AT BOYNTON BEACH LLC 796,516 650 NORTHLAKE BLVD STE 450 ALTAMONTE SPRINGS FL 32701-6175 VIII 11p�rllil'll'III'III'Illl�sl 11111 1111111111111 all 11 ANNEM. GANNON CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County www.pbctax.com 2020 TANGIBLE PERSONAL PROPERTY TAX BILL READ REVERSE SIDE BEFORE CALLING AD VALOREM TAXES READ REVERSE SIDE BEFORE CALLING TAXING AUTHORITY TELEPHONE MILLAGE TAX AMOUNT COUNTY 561-355-3996 4.7815 3,808.54 COUNTY DEBT 561-355-3996 0.0309 24.61 CITY OF BOYNTON BEACH 561-742-6310 7,9000 6,292.48 CHILDRENS SERVICES COUNCIL 561-740-7000 0.6497 517.50 F.I.N.D. 561-627-3386 0.0320 26.49 PBC HEALTH CARE DISTRICT 561659-1270 0.7261 578.35 SCHOOL LOCAL 561-434-8837 3.2480 2,587.08 SCHOOL STATE 561-434-8837 3.7620 2,996.49 SFWMD EVERGLADES CONST PROJECT 561-686-8800 0.0380 30.27 SO FLA WATER MANAGEMENT DIST. 561-686-8800 0.1103 87.86 SO FLA WATER MGMT-OKEE BASIN 561-686-8800 0.1192 94.94 TOTAL AD VALOREM 17,043,61 AMOUNT DUE WHEN RECEIVED BY N0V 30,2020 DEC 31,2020 JAN 31,2021 FEB 28,2021 MAR 31,2021 $ 1 IAXES ARE DELINQUENT $16,361-87 $16,532.29 S16,702.74 $16,87117 $17,043.61 APRIL 1,2021 4% 3% 2% 10/0 NO DISCOUNT 1ETA6H HERE **SEE REVERSE SIDE FOR INSTRUCTIONS AND INFORMATION" DETACH HERE COUNTY OF PALM BEACH: NOTICE OF TANGIBLE PERSONAL PROPERTY TAXES ACCOUNTNUMBER YEAR BILLNUMBER 217380 2020 507352826 500 OCEAN LUXURY APARTMENT HOMES SKYS NAOROHYLNATKEN BBVACSHEC 0 2020507352826001704361,4 ALTAMONTE SPRINGS FL 32701 LOCATION P.O.BOX 3353 MAKE PAYMENT TO: 101 S FEDERAL WEST PALM BEACH,FL 33402-3353 TAX COLLECTOR,PALM BEACH COUNTY AMOUNT DUE WHEN RECEIVED BY NOV 30,2020 DEC 31,2020 JAN 31,2021 FEB 28,2021 MAR 31,2021 $16,361,87 $16,532.29 $16,702.74 $16,873.17 517,043.61 AXES ARE DELINQ UENT 4% 3% 2% 1% NO DISCOUNT APRIL 1, 021 L TPP BILL 8/11/2020 2020 TANGIBLE PERSONAL PROPERTY TAX BILL _j (KEEP THIS PORTION FOR YOUR RECORDS) =4. � ' ,..eANNE M. GANNON ' J CONSTITUTIONAL TAX COLLECTOR Serving.Palm Beach County IMPORTANT INSTRUCTIONS awing you. www.pbctax.com 2020 TANGIBLE PERSONAL PROPERTY TAX BILL This Dill includes AD VALOREM TAXES for the current tax year. Discounts are shown on the front of this twill. QUESTIONS TANGIBLE PE ONAL PROPERTY TAX PAYMENT Constitutional Tax Collector • Payment must be made in full and in U.S.funds. Prepares and mails TAX BILLS. For • Payment must be received in our office by the due date printed on the front of this bill. answers to most questions,visit • Payrrient is subject to verification and receipt of funds.A fee is applied for dishonored funds. www,pbctax.com or call 561-355-2264, • For the latest requirements when visiting our office in-person,visit www.pbctax.com. Note: If this property was sold,please notify PAYMENT OPTIONS us at www.pbctax.cor°nitpppropertysold • ECHECK(Online Only) 24/7 at www.pbctax.com. eGheck is FREE (email transaction and complete a Tangible Personal Property notice serves as confirmation), Tax Contact Form. • CREDIT/DERITCARD A 2.4%Convenience Fee Will Apply($2.00 minimum). Convenience fees are collected by the credit/debit card vendor and not retained by Our office(email transaction notice serves as online receipt). Property Appraiser • RANK ONLINE BILL PAY Use your bank's bill payservice.Include the 6-digit Account dumber Prepares the AD VALOREM TAX ROLL. on the payment.Mail delivery and bank processing times vary.Please allow arnple time For questions about assessed value, (confirmation from your bill pay service serves as receipt)• exemptions,taxable value, assessed • DROP OFF BOX At any service center froraa 5:15 AM to S:OO PM, Monday-Friday owner's name, address and legaldescription, call 561-355-23J6. (canceled check serves as receipt). • MAIL,Detach the stub below and return with payment. DO NOT TAPE, FOLD, STAPLE, PAPER CLIP OR WRITE ON PAYMENT STUB.Write your 6-digit Property Control Taxing Authorities Number ora your payment. Use the enclosed return envelope with the Tax Collector Set the AD VALOREM MILLAGE RATES. address showing in the return envelope window(canceled check serves as receipt). See telephone numbers listed on front • WIRETRANSFER Visit our website at www,pbctax.com/wires for instructions. of bill for questions about assessment DELIINLg,IIJENT TAS INFORMATION amounts and services provided. FLORIDA STATUTE 197.413:Tax Warrantswill be issued on all unpaid personal propertytaxes.Property ay be seizedand sold to pay the delinquent taxes. Levying Authorities • TANGIBLE PERSONAL PROPERTY TAXES are delinquent APRIL 1. Determine the NON=AD VALOREM • Interest accrues up to 1.5% per month (1.8%annually). ASSESSMENTS. • Interest and associated costs for delinquent taxes are determined by the date payment is received. Postmark date is not proof of payment. • Collections are by Revenue Recovery Solutions Inc.This outside collector does not receive'tax dollars for payment.The company charges a 20%collection fee to the total gross taxes due. (DETACH !-HERE) STOP PAYMENT PROCESSING DELAYS DO NOT TAPE, FOLD, STAPLE, PAPER - INCLUDE THIS STUB WITH PAYMENT Make payment to. Tax Collector, Palm Beach County Please include the C-digit Account Number on your payment. Place this stub and your payment in the enclosed return envelope. The Constitutional Tax Collector's address must show in the return envelope window. TPP BILL 8/11/2020 SunView Treasury Manager Image Viewer Page 1 of 1 Image Details Zoom Front Image Zoom Back Image Zoom Both Images Print Date Sequence Number Account Number Amount Serial Number 11/19/2020 77110748 1000197197014 $16,361.87 4261 Front Image Skye at Boynton Beach LLCSunTrust Bank 4261 - Operating Accountr : .. Date:"1110812020 650 S.Northlake Blvd.,Ste 450 Altamonte Springs,FL 32701-6175 �, ✓ (407)645-5575 ar ° Sixteen Thousand Three Hundred Sixty One Dollars and 87 Cents r a Memo:ACCT 217380 Pay TAX COLLECTOR PBC ord rot PO BOX 3353 WEST PALM BEACH,FL 33402-3353 ii'004 2E 1n' i1000104M 100019?1970 Lon' Back Image �a0 v � g onAo g z o A om0 pZ0 �N NNS O = m 0 I � m _ NDS II £ 2 A(r/i Z b 0 8 A i m 0 o , 1 i https://www 1-sunview.suntrust.com/s 1 gcb/bank/common/image/user/retrievelmage?seq... 11/23/2020 Bill Detail Page 1 of I ANNE M. GANNON Anne M.Gannon Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County ServingfJalm Beach County P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Collection Cart Items Total Collection Cart 0 $mo Property Account Property Control Number Property Type Status 217380 Personal Property Active Mailing Address: Property Address: 500 OCEAN LUXURY APARTMENT HOMES 101 S FEDERAL 650 S NORTHLAKE BLVD STE BOYNTON BEACH FL 33435 ALTAMONTE SPRINGS , FL 32701 Owner of Record Deed Number: 500 OCEAN LUXURY APARTMENT HOMES 0 Tax Authority 0898-CITY OF BOYNTON BEACH Assessment Information Ad Valorem Gross Tax Credit Net Tax Savings CITY OF BOYNTON BEACH $6,292.48 $0.00 $6,292.48 $0.00 COUNTY $3,833.15 $0.00 $3,833.15 $0.00 SO FLA WATER MANAGEMENT DIST. $213.07 $0.00 $213.07 $0.00 SCHOOL $5,583.57 $0.00 $5,583.57 $0.00 CHILDRENS SERVICES COUNCIL $517.50 $0.00 $517.50 $0.00 F.I.N.D. $25.49 $0.00 $25.49 $0.00 PBC HEALTH CARE DISTRICT $578.35 $0.00 $578.35 $0.00 Sub Total $17,043.61 $0.00 $17,043.61 $0.00 Total Tax $17,043.61 $0.00 $17,043.61 $0.00 ............... .......................... Installment Information Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due Total Duea Payment History Bill Bill Receipt Amount Last Paid Paid By Year Number Number Paid 2020 507352826�B21.171334 $16,361.87,11/12/20201500 OCEAN LUXURY APARTMENT HOMES https://pbctax.manatron.com/Tabs/TangibleTax/AccountDetail/billdetail.aspx?p=217380... 11/23/2020 Skye at Boynton Beach LLC PO BOX 3353 4262 TAXPB-TAX COLLECTOR PBC 'WEST PALM BEACH,FL 33402-3353 SunTrust Bank Print As:TAX COLLECTOR PBC e.1 /0 2014 Date;.1110812420 ,t.,r•611W4?IcBn. .tt ar„n a ,;. §, F k4f ,. 0r«_ri.1r,. a., ttY .3 v, .r.< srx u, a 13tttKi c;',Yttrf ' 17�. t1`.f.a3 @lllkfti{�T 3P60�t1,3 11101/2020 101353608-2020 410-43-45-2,.,1 YR 2020 $1,153,062.42 $1.153.062.42 IIINVt�!� �5',,�.��'�,'� Skye at Boynton each LLC SunTrust Bank< 4262 Operating Account Date; 11/08/2020 650'S, Northlake Blvd., Ste.450 Altamonte Springs, FL 32701-6175 (407) 645-5575 Pay One Million One Hundred Fifty Three Thousand Sixty Two Dollars and 42 Dents Memo:08-4345-28-03-007-0010/YR 2020 acne TAX COLLECTOR PBC Order of Ptd BOX 3303 WEST PALM BEACH„ l=l_ 33402-3353 r � 000L. 26 2v 1:061000 104i: 1000 L 9 7 1970 LL. Skye at Boynton Beach LLC PO BOX 3353 4262 TAXPB-TAX COLLECTOR PBC WEST PALM BEACH,FL 33402-3353 SunTrust Bank Print As:TAX COLLECTOR PBC 1 7014 tatee::1 111008,+2020 w ':w fi�� „ . tt ,�, N #r7�t�. ,�� tt„ .- ,. t. �t.F*Yft'P ., /1101/2020 101353608-2020 08-43-45-2,,,1YR 2020 $1,153,062A2 $1,153,062.42 a ,h r.ttth e vr., 4, �1{tr t,\t Ott R =:1 t t t� -r➢ n t._..--iiar s l- 4 llr -:t h to xr(�tt in 'i P PY s•' '3R`� 'sQ; c` n-.. Page 1 of 1 ;% L�,L U I 1A o L iAE LE I LA, V D4 .3t j IIED, —T, % K SEC" U RI E I,A 0"IF N E G E(,`,�, 1-It EIDI-E- L E-- N 01 Pl!0 V, U�H H N Tl N' L IIV CU.UIAI Tv F D -Fv X m 0 Qz cn - z 0 0 m Z 'n 09 m m In m cn Z? ca cn m w P 'a a en 2LR�q 9. � —�.0 0.el. m r, 05 0 Zm cc ^ M- EL F7M—a! :a',w a, ma 4 m m lu m ID' o C31 T I A FEE N r f N"If" N E G KJ L—_ T U A N E Ij i TV If X c"H-r U R,1 Y C'24 d, EDC' C' p A 11, 71M .- R! N CDT INT,E(711, �D 0 1 A B F-E I C.,-17 1 E G' i L-U 3 N DTIABLE N C) 1' 1 A Bi- E N C) N C)T' NO", N FP SE"!✓R-1-Y o q • J: G 0 AE3r. I ' Eli K" E CD 1 A B NE I -COHALLL 1 r -Y-V i-, EC F-` ',Fi F'Y C Q r RIP E 1\j�j L NOIF NE-GC'.";`-$f COUNTY OF PALM EACH: NOTICE OF AD VALOREM TAXES AND NON-AIS VALOREM ASSESSMENTS PROPERTY CONTROL NO. YEAR BILL NO.. CMC APPLIED EXEMPTION(S) LEGAL DESCRIPTION 08-43-45-28-03-007-0010 2020 101353608 98 TOWN OF BOYNTON ALL OF BLK 7 &12 IN P131 P23,ALL OF TOWN OF BOYNTON REV PL OF BLK 12 IN 10 11 PEI Ets S flif PA 1 R V.M :j 0 k Lhk INIA 0 1 111 PB15P18&PT OF ABND SE 2ND AVE,OCEAN AVE&SE 4TH ST R/WS LYG ADJTO R3,�� T s SKYE AT BOYNTON BEACH LLC ANNE M G AIV N O N 650 NORTHLAKE BLVD ALTAMONTE SPRINGS FL 32701-6176 CONSTITUTIONAL TAX COLLECTOR '" Serving Pahn Beads County I�IIIII,I,I�III'IIl�lll�l"I,,,� II IIIIIIIIII�ICI�'I,llll,l,Jill www.pbctax.com 2020 REAL ESTATE PROPERTY TAX BILL READ REVERSESIDE BEFORECALLING AD VALOREM ;TAXES READ REVERSE SIDE BEFORE CALLING TAXING AUTHORITY TELEPHONE ASSESSED EXEMPTION TAXABLE MILLAGE TAX AMOUNT COUNTY 561-355-3996 52,135,296 52,135,296 4.7815 249,284.92 COUNTY DEBT 561-355-3996 52,135,296 52,135,296 0.0309 1,610.98 CITY OF BOYNTON LEACH 561-742-6310 52,135,296 52,135,296 7.9000 411,868.84 CHILDRENS SERVICES COUNCIL 561-740-7000 52.135,296 52,135,296 0.6497 33,872.30 F.I.N.D. 561-627-3386 52,135,296 52,135,296 0.0320 1,668.33 PBC HEALTH CARE DISTRICT 561-659-1270 52,135,296 52,135,296 0.7261 37,855.44 SCHOOL LOCAL 561-434-8837 53,163,636 53,163,636 3.2480 172,675.49 SCHOOL STATE 561-434-8837 53,163,536 53,163,636 3.7620 200,001.60 SFWMD EVERGLADES CONST PROJECT 561-686-8800 52,1;5,296 52,135,296 0.0380 1,981.14 SO FLA WATER MANAGEMENT DIST, _561-686-8800 52;135;296 52,135-;296 0.1103 5,750.52 SO FLA WATER MGMT-OKEE BASIN 561-686-8800 52,135,296 52,135,296 0.1192 6,214.53 TOTAL AD VALOREM 1,122,784.49 READ REVERSESIDE BEFORE CALLING NON-AD VALOREM ASSESSMENTS READ REVERSE SIDE BEFORE CALLING LEVYING AUTHORITY TELEPHONE RATE AMOUNT BOYNTON BEACH FIRE RESCUE ASSESSMENT 561-742-6310 45,540.00 45,540.00 SOLID WASTE AUTHORITY OF PBC 561-640-4000 32,782.60 32,782.60 / '"I\ r TOTAL NUN-AD VALOREM 78,322.60 TOTAL AD VALOREM AND NON-AD VALOREM COMBINED 1,201,106.69 AMOUNT DUE WHEN RECEIVED BY NOV 310,2020 DEC 31,2420 JAN 31,2021 FEB 28,2021 MAR 31,2021 (h;4.,153,062.42 51,165,073.49 $1,177,084.56 $1,189,095.62 $1,201,106.69 TAXEAPRILDELINQUENT,201 - _ - APRIL�.,2021. 3% 2% 1% NO DISCOUNT H HERE **SEE REVERSE SIDE FOR INSTRUCTIONS AND INFORMATION" DETACH HERE COUNTY 4F PALM E C NOTICE OF AD VALOREM TAXES ANIS CN-AC VALOREM ASSESSMENTS PROPERTY CONTROL NO. YEAR BILL NO. 08-43-45-28-03-007-0010 2020 101353608 SKYE AT BOYNTON BEACH LLC 650 NORTHLAKE BLVD S ALTAMONTE SPRINGS FL 32701-6176 20201013536081201106698 LEGAL DESCRIPTION MAKE PAYMENT TO: TOWN OF BOYNTON ALL OF BLK 7&12 IN P.O.BOX 3353 TAX COLLECTOR,PALM BEACH COUNTY PBIP23,ALL OF TOWN OF BOYNTON REV PL WEST PALM BEACH EL 33402=3353 OF BLK 12 IN PB15P18&PT OF ABND SE 2ND AVE,OCEAN AVE&SE 4TH ST RAMS LYG AMOUNT DUE WHEN RECEIVED BY NOV 30,2020 DEC 31,2020 JAN 33,2021 FEB 28,2021 MAR 31,2023 TAXES ARE DELINQUENT $1,153,062.42 $1,165,073.49 51,177,084.56 $1,189,095.62 $1,201,106.69 APRIL 1,2021. 4% 3% 2% 11'o NO DISCOUNT RE PT Bill 8/1.1/2020 2€20 REAL ESTATE PROPERTY TAX BILL (KEEP THIS PORTION PCXR YOUR RECORDS) �� bg � ANNE M. GANNON CONSTITUTIONAL TAX COLLECTOR Serving Pa hn Bevel Counhj I M PORTANTI INSTRUCTIONS Servingyou. www.pbctax.cwn 2020 REAL ESTATE PROPERTY TAX BILL This bill includes AD VALOREM TAXES and NON-AD VALOREM ASSESSMENTS for the current tax year. Discount amounts are shown on the front of this bill. QUESTIONS Constitutional Tex Collector REAL ESTATE PROPERTY TAX PAYMENT Prepares and mails TAX BILLS. For • Payment must be made in full and in U.S.funds. answers to most questions, visit • Payment must be received in our office by the due date printed on the front of this bill, www.pbetax.com or call 561-355.2264, • Payment is subject to verification and receipt of funds.A fee is applied for dishonored funds. Note:1f this property was sold, please pase • For the latest requirements when visiting our office in-person, visit www.pbctax.com. notify us at www.pbctox.corn/profaeeC}fsofd PAYMENT OPTIONS and complete a Property Tax Contact Forrn. • ECHECK(Online Only)24/7 at www.pbctax.com, eCheck is FREE (email transaction notice serves as confirmation). • CREDIT/DEBIT CARD A 2.4%Convenience Fee Will Apply($2.00 minimum).).Convenience Property Appraiser fees are collected by the credit/debit card vendor and not retained by our office(email Prepares the AD VALOREM TAX ROLL. transaction notice serves as online receipt). For questions about assessed value, • BANK ONLINE BILL PAY Use your bank's bill pay service. Enter the 17-digit Property Control exemptions,taxable value, assessed Number(no dashes)as account number.Mail delivery and bank processing times vary. owner's name,address and legal Please allow ample time(confirmation frorn your bill pay service serves as receipt). description, call 561-355-2866. • DROP OFF BOX At any service center from 8:15 AM to 5:00 PM, Monday- Friday (canceled check serves as receipt). • MAIL Detach the stub below and return with payment. DO NOT TAPE„ FOLD, STAPLE, Taxing Authorities PAPER CLIP OR WRITE ON PAYMENT STUB.Write your 17-digit Property Control Set the AL VALOREM MILEAGE RATES. Number on your payment. Use the enclosed return envelope with the Tax Collector See telephone numbers listed can front address showing in the return envelope window(canceled check serves as receipt). of bill for questions about assessment • WIRETRANSFER Visit our website at www.pbctax.conl/wires for instructions. amounts and services provided. DELINQUENT TAX INFORMATION FLORIDA STATUTE 197.402 and 197.432:Tax Certificates will be sold on all unpaid property taxes Levying Authorities BO days after the date of delinquency. Determine the NON-AD VALOREM • AD VALOREM TAXES and NON-AD VALOREM ASSESSMENTS are delinquent APRIL 1. ASSESSMENTS.See telephone • The minimum charge of 3%will be collected. Interest accrues up to 1.5%per month numbers listed on front of bill for (18%annually), questions about assessment amounts • Interest and associated costs for delinquent taxes are determined by the date payment is and services provided. received. Postmark date is not proof of payment. ® Payment AFTER THE DATE OF DELINQUENCY must be paid by certified funds or the payment will be returned.Certified funds include funds drawn on a U.S. bank in cash, bank draft,wire transfer, money order or cashier's check. (DETACH HERE) STOP PAYMENT PROCESSING DELAYS FOLD,DO NOT TAPE, LIP OR WRITE ON THISPAYMENTT INCLUDE THIS STUB WITH PAYMENT Make payment to: Tax Collector, Palm Beach County Please Include the 5.7-digit Property Control Number on your payment. Place this stub and your payment in the enclosed return envelope. The Constitutional Tax Collector's address must show in the return envelope window, RE EST[all 8/11/2020 SunView Treasury Manager Image Viewer Page 1 of 1 Image Details Zoom Front Image Zoom Back Image Zoom Both Images Print Date Sequence Number Account Number Amount Serial Number 11/19/2020 77110874 1000197197014 $1,153,062.42 4262 Front Image Skye at Boynton Beach LLC SunTrust Bank 4262 Operating Account - ° 6 I , 1 Date:11108/2020 650 S.Northlake Blvd.,Ste.450 Altamonte Springs,FL 32701-6175 (407)645-5575 Pav„1 One Million One Hundred Fifty Three Thousand Sixty Two Dollars and 42 Cents q? .✓ era ;a r t� Memo:0843-4528-03-007-00101 VR 2020 P»v TAX COLLECTOR PBC ora ob ro+'PO BOX 3353 � . i'- WEST PALM BEACH,FL 33402-33531 n•001.26 20 1:06 L000 L04r:1000 19419701t.11•_ Back Image 10 10 -- moo°x m O ( oDA�m i P. m F y a on00 o00 `C -y`e c a m m ° v. .rte mom N N� m N G m tlbF o zD .� MG) 2 01 3 8 o 4 Iii https://www 1-sunview.suntrust.com/s 1 gcb/bank/common/image/user/retrievelmage?seq... 11/23/2020 Bill Detail Page I of 2 ANNE M. GANNON Anne M.Gannon Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County ServingfJalm Beach County P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Collection Cart Items Total Collection Cart 0 $mo Tax Account Property Control Number Property Type Status 08-43-45-28-03-007-0010 Real Property Active Mailing Address: Property Address: SKYE AT BOYNTON BEACH LLC 101 S FEDERAL HWY 650 NORTHLAKE BLVD S BOYNTON BEACH FL 33435 ALTAMONTE SPRINGS FL 32701-6176 Geo CD: Deed Number: 0 Legal Description TOWN OF BOYNTON ALL OF BLK 7 & 12 IN PB1P23, ALL OF TOWN OF BOYNTON REV PL OF BLK 12 IN PB15P18 &PT OF ABND SE 2ND AVE, OCEAN AVE &SE 4TH ST R/WS LYG AD3 TO Tax &Assessment Ad Valorem Gross Tax Credit Net Tax Savings! CITY OF BOYNTON BEACH $411,868.84 $0.00 $411,868.84 $0.00 COUNTY $250,895.90 $0.00 $250,895.90 $0.00 SO FLA WATER MANAGEMENT DIST. $13,946.19 $0.00 $13,946.19 $0.00 SCHOOL $372,677.09 $0.00 $372,677.09 $0.00 CHILDRENS SERVICES COUNCIL $33,872.30 $0.00 $33,872.30 $0.00 F.I.N.D. $1,668.33 $0.00 $1,668.33 $0.00 PBC HEALTH CARE DISTRICT $37,855.44 $0.00 $37,855.44 $0.00 Sub Total, $1,122,784.091$0.00, $1,122,784.091 $0.00'� Non Ad Valorem Gross Tax Credit Net Tax Savings; SOLID WASTE AUTHORITY OF PBC $32,782.60 $0.00 $32,782.60 $0.00 BOYNTON BEACH FIRE RESCUE ASSESSMENT $45,540.00 $0.00 $45,540.00 $0.00 Sub Total $78,322.60 $0.00 $78,322.60 $0.00� Total Tax $1,201,106.69 $0.00 $1,201,106.69 $0.00 Tax Installment Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due INST 1 :101353608 3/31/2021 2020 $0.00 $0.00: $0.00 $0.00: $0.00 Total Duea $0.00 $0.00: $0.00 $0.00: $0.00 Notice to Tax Payer 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. 2020-001234), 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. https://pbctax.manatron.com/Tabs/PropertyTax/AccountDetail/BillDetail.aspx?p=O8-43-4... 11/23/2020 Bill Detail Page 2 of 2 ** 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 ClientAdvocate@pbctax.com for additional details. Tax Payment Bill Year Bill Number Receipt Number Amount PaidLast Paid Paid By 2020 101353608 jB21.171327 $1,153,062.42 11/12/2020 ISKYE AT BOYNTON BEACH LLC https://pbctax.manatron.com/Tabs/PropertyTax/AccountDetail/BillDetail.aspx?p=08-43-4... 11/23/2020 L X Q� O Q X N w co ch 0 °o U is4m LO fC CD 0O cC O N O p m LO L6 d Ch U CL � fLC .� i O co CD Q G d V CD CL I a Q o d c0 p U CD CDoCD O L- a LO CD Q NC i r O U- V N L- 04 CD + d M_et LO d >' N m X N L Y_ O L O 7 0 7 M C E co O Ch O d CD co Q U U >- oo V `O N C m 00 C CO O It LO Mol N M C CO CO O c0 I%- W N co � N N m LO M 0 't (n O if lx U O N M r CflCD 'r- +' wMIt N N rm r N MON LO � r Q C I Cl) N co D a) IL 04 O � i co O o L U. 60).tLeo � co E V Q O U O O Q O +J Q .Q Q� N OLU Q t� WL :3 -0 O Q Q — — — O LL CD 0 04 0 co pU Q d � m X m co ._ .- m co + 7 N N O r-- Z G1 O U C� = o 0 � Q m o Z 70 M co Q LO N O J H N 0 :3 m >'Q o o U 0 _ O V co 75 N d _ > o Q °� 0 li — o � a N E O � U m c o > o > U /' O O W O LL c`o N U N d d d O O Co m . p o LU p > a L �0 0 E O O >+ V co N M a) Z LL O d LO Lc) U � a) O S 0) LLE p Z O V d II = co L co (j) (o _ ca V 3 a) N Q X CL Z � E oLn nm O � a) :3CM 'a N = v U UL .o w d d O R = d > _ :3C N a) O O N � U R Q v = CmU m w= p' Qo T O LL 'V 3 V - O U- V +�+ +�+ H O D U Q 4= � .. U1 c4 O L — O F L — = O O O C N M N M Q; > N a H U U � a H 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.C. SUBJECT: Discussion and Consideration of a Purchase and Development Agreement with Boynton Beach Office Condominium, LLC for the CRA-owned Properties Located at 1102-1110 N. Federal Highway SUMMARY: The CRA purchased 1110 N. Federal Highway for$170,000 in March 2017 (see Attachment 1). At the time of the CRA's acquisition and appraisal, there was an existing structure that added value to the commercial appraisal. An appraisal for the property was completed on July 10, 2020 with a determined market value of$158,000 (see Attachment 11). At its meeting on November 10, 2020, the CRA Board accepted ownership of the adjacent property located at 1102 N. Federal Highway as a transfer from the City of Boynton Beach enabling the two nonconforming properties to be developed as one parcel (see Attachment 111). The CRA received the following Letters of Intent to purchase and develop the properties for the uses specified below and were considered by the CRA Board at their December 8, 2020 Board Meeting (see Attachments I V- and V 1): • Boynton Beach Office Condominium, LLC (BBOC) - Joint proposal from Palm Beach Radio Group (PBRG, for a local radio station), and BDH Consulting Group (for a professional engineering and surveyor's office) • Fish Depot Market (Tim Collins)- Proposal for a retail seafood market and cafe The CRA Board selected the Boynton Beach Office Condo's proposal in furtherance of the CRA Plan and directed staff to negotiate and bring back a Purchase and Development Agreement for approval at the January 12, 2021 CRA Board meeting. Since the December 8th CRA Board meeting, CRA staff and legal counsel and the BBOC team have diligently worked on the attached Purchase and Development Agreement for the 1102-1110 N. Federal Highway properties (see Attachment VI 1). The Agreement consists of the following terms: • Purchase Price and Payment of $105,000 cash to be paid in full at closing, $95,000 in advertising credit from PBRG, $100,000 in professional surveying and engineering services from BDH Consulting Group, LLC (Paragraph 2, Page 1); • Specific requirements for closing based on a mutually acceptable development timeline for the project (Paragraphs 5, 6, and 21, Pages 2 and 9); • Economic Development Grant incentives and funding through the CRA's Commercial Property Improvement Grant- up to $50,000 for the project (Paragraph 20, Page 9); • Protection of the public interests through a Reverter Clause (Paragraph 22.2 and Exhibit B, Page 10) and First Right of Refusal if the property is not developed or operated as intended (Paragraphs 22.2 and 22.3, Page 10); and, • Other obligations and milestones to perform for both parties. Approval of the Agreement would allow BBOC to move forward with their City's development approval processes in order to close on the property. CRA staff understands that time is of the essence since WBPR Radio will need to move out of their current location within 12 months and will provide guidance and assistance as needed through the City's land development and permitting processes. FISCAL IMPACT: To be determined by the CRA Board. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan, Federal Highway District CRA BOARD OPTIONS: 1. Approve the Purchase and Development Agreement with Boynton Beach Office Condo "as presented" for the CRA-owned properties located at 1102-1110 N. Federal Highway, Boynton Beach. 2. Approve the Purchase and Development Agreement with Boynton Beach Office Condo "with any revisions" for the CRA-owned properties located at 1102-1110 N. Federal Highway, Boynton Beach. 3. Do not approve the Purchase and Development Agreement with Boynton Beach Office Condo for the CRA-owned properties located at 1102-1110 N. Federal Highway, Boynton Beach. ATTACHMENTS: Description D Attachment I - Location Map of 1102-1110 N. Federal Highway D Attachment II -July 2020 Appraisal D Attachment III - 1102 N. Federal Highway Land Transfer to the CRA(Resolution R20-122) D Attachment IV - Boynton Beach Office Condo Combined Proposals D Attachment V - November 6, 2020 Fish Depot Letter of Intent and Plans D Attachment VI -Agenda Item 15.13 from December 8, 2020 CRA Board Meeting Attachment VII - Purchase and Development Agreement with Boynton Beach Office Condo for the 1102-1110 N. Federal Highway Properties 1110 N. Fed. Hwy. _C RA Pro ?e rty u � f Au rt tri 4 S z 1 h f � i v a { 4 n gust 24,2020 1"576 0 0.00475 OD095 0,019 M-1 0 0.0075 OD15 0.03 km APPRAISAL REPORT VACANT LAND 1110 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 July 10, 2020 Vance Real Estate Service sf, July 10, 2020 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 - i i RE: Vacant Land, 1110 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 July 10, 2020. 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 2020-2021). This report is for exclusive use of the client for possible sale 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 FIFTY-EIGHT THOUSAND DOLLARS $158,000 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT WITH SIXTY-SEVEN(67) 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 in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h 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 P otograp s o Subject t e Property 5 1-3-5 Mile Location Map 8 1-3-5 Mile Demographic Statistics 9 Summary of Important Facts and Conclusions 11 DESCRIPTIONS ANALYSES & CONCLUSIONS 12 I entity of Client and Intended User 13 Intended Use 13 Identification of Real Estate Appraised 13 Ownership 13 Property Address 13 Legal Description 13 Real Estate Tax Analysis 14 Market Area Description 15 Zoning 20 Site 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 24 Highest and Best Use 24 SALES COMPARISON APPROACH-LAND VALUATION 27 Land Sales es map 28 Land Sales documentation 39 Land Sales Comparison & Adjustment Chart 41 Valuation by the Sales Comparison Approach 42 FINAL VALUE OPINION 46 Certification and Limiting Conditions 47 ADDENDA 49 Foo zone determination 50 Acquiring deed for the appraised property 51 "C-3" & "C-4" zoning information 53 USPAP Standards Rule 2-2a 56 Qualifications of the Appraisers 59 INTRODUCTION r r Ii y3 ti1`l�r� Y i s�s�3 ,tyl r Np Y rIN,!r j t �} a LO k 111 Y i i 4 i t` lrrr IFS r �I t aS f`t�}) IJk yfp'�V � i ti i 4 � r NORTH FEDERAL HIGHWAY, LOOKING SOUTH r � y t rt � qp er t� y m N I N X 1 ' NORTH FEDERAL HIGHWAY, LOOKING NORTH 6 *�I '40� tall), F y H Sgt: ,• O QI t � i s„ S s' c PPI : 5!P)riag0 Worthy G ki�ed611 olf a;s Shm 1 tt n ru r Kinos PbinAP �l I 1-3-5 Mile Radii from the Valued Real Property 1110 N. Federal Highway Boynton Beach, Florida 33435 8 • Gesn" 1110 N. Federal Highway, Boynton Beach, Florida 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 13,714 68,475 157,685 2010 Population 13,889 77,108 175,363 2020 Population 16,131 86,332 194,062 2025 Population 17,778 92,444 205,996 2000-2010 Annual Rate 0.13% 1.19% 1.07% 2010-2020 Annual Rate 1.47% 1.11% 0.99% 2020-2025 Annual Rate 1.96% 1.38% 1.20% 2020 Male Population 49.1% 47.8% 47.6% 2020 Female Population 50.9% 52.2% 52.4% 2020 Median Age 41.0 44.8 47.4 In the identified area, the current year population is 194,062. In 2010, the Census count in the area was 175,363. The rate of change since 2010 was 0.99% annually.The five-year projection for the population in the area is 205,996 representing a change of 1.20% annually from 2020 to 2025. Currently, the population is 47.6% male and 52.4%female. Median Age The median age in this area is 41.0, compared to U.S. median age of 38.5. Race and!Ethnicity 2020 White Alone 44.1% 59.7% 64.1% 2020 Black Alone 48.5% 31.5% 26.7% 2020 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2020 Asian Alone 1.1% 2.0% 2.3% 2020 Pacific Islander Alone 0.0% 0.0% 0.0% 2020 Other Race 3.3% 3.7% 4.0% 2020 Two or More Races 2.6% 2.8% 2.7% 2020 Hispanic Origin (Any Race) 14.8% 18.1% 18.5% Persons of Hispanic origin represent 18.5% of the population in the identified area compared to 18.8% 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 66.3 in the identified area, compared to 65.1 for the U.S. as a whole. Households 2020 Wealth Index 80 90 107 2000 Households 5,155 29,982 69,087 2010 Households 5,263 33,236 75,718 2020 Total Households 6,239 37,167 83,375 2025 Total Households 6,923 39,775 88,359 2000-2010 Annual Rate 0.21% 1.04% 0.92% 2010-2020 Annual Rate 1.67% 1.10% 0.94% 2020-2025 Annual Rate 2.10% 1.37% 1.17% 2020 Average Household Size 2.58 2.29 2.30 The household count in this area has changed from 75,718 in 2010 to 83,375 in the current year, a change of 0.94% annually. The five-year projection of households is 88,359, a change of 1.17% annually from the current year total. Average household size is currently 2.30, compared to 2.29 in the year 2010.The number of families in the current year is 47,844 in the specified area. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. 3uly 11, 2020 9 • Gesn" 1110 N. Federal Highway, Boynton Beach, Florida 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Mortgage';Income 2020 Percent of Income for Mortgage 19.8% 17.6% 18.7% Median Household Income 2020 Median Household Income $48,947 $54,653 $57,241 2025 Median Household Income $53,656 $58,542 $62,208 2020-2025 Annual Rate 1.85% 1.38% 1.68% Average Household Income 2020 Average Household Income $73,852 $77,895 $83,186 2025 Average Household Income $82,404 $85,828 $92,194 2020-2025 Annual Rate 2.22% 1.96% 2.08% Per Capita Income 2020 Per Capita Income $29,352 $33,756 $35,765 2025 Per Capita Income $32,906 $37,154 $39,560 2020-2025 Annual Rate 2.31% 1.94% 2.04% Households by Income Current median household income is$57,241 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $62,208 in five years, compared to $67,325 for all U.S. households Current average household income is$83,186 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $92,194 in five years, compared to $99,510 for all U.S. households Current per capita income is $35,765 in the area, compared to the U.S. per capita income of$34,136. The per capita income is projected to be $39,560 in five years, compared to $37,691 for all U.S. households Housing 2020 Housing Affordability Index 117 128 121 2000 Total Housing Units 6,207 36,122 82,365 2000 Owner Occupied Housing Units 3,402 21,640 52,470 2000 Renter Occupied Housing Units 1,753 8,342 16,616 2000 Vacant Housing Units 1,052 6,140 13,279 2010 Total Housing Units 7,027 42,450 94,178 2010 Owner Occupied Housing Units 3,174 21,476 53,318 2010 Renter Occupied Housing Units 2,089 11,760 22,400 2010 Vacant Housing Units 1,764 9,214 18,460 2020 Total Housing Units 8,173 46,064 101,248 2020 Owner Occupied Housing Units 3,620 22,981 56,669 2020 Renter Occupied Housing Units 2,619 14,185 26,706 2020 Vacant Housing Units 1,934 8,897 17,873 2025 Total Housing Units 8,983 48,964 106,631 2025 Owner Occupied Housing Units 3,850 23,977 58,864 2025 Renter Occupied Housing Units 3,073 15,798 29,494 2025 Vacant Housing Units 2,060 9,189 18,272 Currently, 56.0% of the 101,248 housing units in the area are owner occupied; 26.4%, renter occupied; and 17.7% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 94,178 housing units in the area - 56.6% owner occupied, 23.8% renter occupied, and 19.6% vacant. The annual rate of change in housing units since 2010 is 3.27%. Median home value in the area is$256,466, compared to a median home value of$235,127 for the U.S. In five years, median value is projected to change by 2.35% annually to$287,996. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. 3uly 11, 2020 10 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Vacant land 1110 North Federal Highway Boynton Beach, FL 33435 OWNERSHIP: Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 LAND AREA: Approximate width is 66 feet; maximum depth is approximately 95 feet. Lot size is approximately 6,033 square feet. Note: dimension and size are from public records. No sketch of survey is available for review. BUILDING IMPROVEMENTS: None ZONING: "C-4", General Commercial District in the city of Boynton Beach LAND USE: General Commercial CRA FUTURE PLAN: Mixed Use - Low Density APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant HIGHEST AND BEST USE: Small commercial building or assemble with adjacent land for a larger mixed use project of office, retail and residential uses VALUE BY THE SALES COMPARISON APPROACH: 6,033 square feet x $26.17 per square foot of land= ONE HUNDRED FIFTY-EIGHT THOUSAND DOLLARS 158 000 VALUATION DATE: July 10, 2020 Exposure Time: 12 months prior to selling at the appraised value Marketing Time: 12 months immediately following the effective date of appraisal during which time the subject property could sell 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 2020 - 2021) 2-2(a)(i) State the identity of the client; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the identity of any other intended users by name or type; None 2-2(a)(iii) State the intended use of the appraisal; The intended use of the appraisal is for possible sale of the appraised property. 2-2(a)(iv) Contain information, documentation, and/or exhibits sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Ownership: Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 Property Address: 1110 North Federal Highway Boynton Beach, FL 33435 Legal Description: Parts of Lots 20, 21 and 22, Block 2, LAKE ADDITION OF BOYNTON BEACH, Plat Book 11, page 71, Palm Beach County, FL (Complete legal description in the acquiring deed in the Addenda.) 13 APPRAISAL REPORT (continued) Census Tract No. 61 Real Estate Tax: Parcel Control Number: 08 43 45 2132 0020211 Land Value: $85,683 Improvement Value: -0- Total Value: $85,683 Assessed Value: $85,683 Ad Valorem Tax: $ -0- Boynton Beach Community Redevelopment Agency (BB CRA) purchased the appraised property in 2017. The following tax year, the property was exempt from taxation because it is owned by a governmental agency. Therefore, no real estate tax is paid by the property owner. After purchase, the BB CRA had the building on the site demolished and removed. Hence, the county property appraiser eliminated the allocated portion of the county's value to the improvement, leaving the allocated portion for land which is $85,683. When a property is exempt from taxation, the market value assigned to it by the county appraiser may not be current or accurate. The appraised value of the property in this report is $158,000, greater than the market value ascribed by the county property appraiser. The appraised value is based on current sales of similar properties. Flood Zone: Zone "Y', according to Map Number 12099C0791F. Zone "X" is not in a Special Flood Hazard Area. 14 APPRAISAL REPORT (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. Those few which were constructed in the early 1920s that are still in use have had repairs and replacements over the decades changing their historical significance. 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. 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 town 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. There are three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Boca Raton, Palm Beach County, and Aventura and the Port of Miami, Miami-Dade County will be the next depots. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. 15 APPRAISAL REPORT (continued) The subject market area is comprised of the Boynton Beach CRA districts of Federal Highway, North and South, and the Downtown district inbetween. One district blends into the next, extending north-south through the city. Federal Highway is the main north-south artery through the municipality. It is also known as US Highway 1 and is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Heavily trafficked Federal Highway is a catalyst to redevelopment of the market area, with over 2,300 residential dwelling units in five projects either built or planned. Highway beautification projects enhanced the aesthetics of the market area. Individual 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 continue to facilitate revitalization of the subject market area. Primary east-west artery in the subject market area is Boynton Beach Boulevard, with Ocean Avenue to the south as a secondary thoroughfare. Boynton Beach Boulevard is the principal east-west artery in city, having interchanges with Interstate 95 and Florida's Turnpike. Boynton Beach Boulevard commences in the east at US Highway 1, just to the east of the FEC Railroad. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. 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 and the Atlantic Ocean. 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. To the northwest of the Downtown District and 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. 16 APPRAISAL REPORT (continued) 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 2019 in the one-mile radius is $48,947, for three miles it is $54,653, and $57,241 for the five mile circle. Median household income for Palm Beach County is $54,400. In the one-mile circle, population is 16,131. In three miles, population increases to 86,332; at five miles, it is 194,062. However, about one-third of the three and five mile circles are over the Atlantic Ocean and waterways. Annual growth rate is anticipated to be 1.20% to 1.96% in the three circles, during the next five years as the economy and job market recovers in South Florida and new multi-family residential complexes are constructed. 56% of the housing units are owner occupied, with 26% rented. This percentage of renters is high for Palm Beach County because there are numerous multi-family dwellings in this vicinity. Vacancy is reported to be 18%; however, this amount is elevated due to the undercount of the other two categories as some residents are seasonal and not counted. Median home value in the five-mile area is $256,466 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$235,127 in the United States. Economic Trends In South Florida, as in the rest of the United States, real estate prices climbed from 2003-2006. In 2007-2008, concerns were expressed about an unsustainable upward price trend in the market. Then, the economic collapse came in fall of 2008 along with the crash in real estate prices. In 2009, there were very few sales of any type of real estate. By 2010, it appeared that the worst was over. Cash buyers started making purchases. From 2013 to present, sales activity and prices recuperated. The upswing in prices is due in part to scarcity of developable land, especially in the eastern part of the county. Properties in primary locations are back to pre-crash prices; other properties are approaching that level. 17 APPRAISAL REPORT (continued) The life cycle stage of the market area is revitalization, a period of renewal, modernization and increasing demand. Revitalization in the CRA is taking place along US Highway 1, in the part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, consisting of 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, 15,757 square feet of commercial space, plaza, 644-space parking garage, et cetera. At 623 S Federal Highway, The Club of Boynton Beach is a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession halted those plans. At 2923 S Federal Highway, Daniel Heart Center is replacing an old strip store center by renovating the buildings. In addition to completed and approved projects, a large redevelopment site is under contract to be purchase located on the east side of Federal Highway at SE 1 Avenue, Boynton Beach. The 2.85 acres of land is an assemblage of 10 properties with numerous owners. Issues would have to be addressed such as demolition of existing buildings, unity of title, right-of-way abandonment, density of dwelling units, et cetera. The confidential contract price could change due to contingencies based on these and other issues. However, this assemblage is an example of the revitalization of the subject market area. Town Square, a major redevelopment project to the west of Federal Highway is under construction 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 were 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 18 APPRAISAL REPORT (continued) 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. In the Heart of Boynton CRA district, Ocean Breeze East is under construction at 700 North Seacrest Boulevard. The development is an affordable apartment project containing 123 units, retail space, clubhouse and swimming pool. The project came about by the Boynton Beach Community Redevelopment Agency selling the land and the Florida Housing Finance Corporation and TD Bank providing the financing. Also in the Heart of Boynton CRA district will be apartments and retail buildings on Martin Luther King, Jr. Boulevard east of Seacrest Boulevard. Land will be forthcoming from the Boynton Beach CRA and financing from the State of Florida will be similar for the developer of this project. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city. The CRA envisions the Federal Highway and Downtown Districts to have a future land use of mixed uses with various densities. The transformation of the area is in progress. Development of real estate takes time and the right market conditions which have been positive. Upward price trend for property in the subject market area will resume when the economy stabilizes and there are visible signs that projects are moving forward. Land Use: General Commercial Proposed Land Use: Mixed Use, low intensity CRA District: Federal Highway North 19 APPRAISAL REPORT (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 6,033 square feet, appearing to meet the size standard in the "C-4" district. Site Description: The shape of the site is a quadrangle. Approximate dimensions and size are from public records. North boundary on adjacent property: 86 feet East boundary on adjacent property: 65 feet South boundary on adjacent property: 95 feet West boundary on N Federal Highway: 66 feet Total: 6,033 square feet Utilities: All utilities are available to the site. Access: The site is accessible via North Federal Highway. North Federal Highway is a four-laned road with a raised, landscaped median, sidewalks, street lights and storm drains. Easements: Easement are unknown; however, utility easements are typically around the perimeter of the site. Improvements: There are no structural improvements on the site. 20 APPRAISAL REPORT (continued) Environmental Assessment: There is no Phase I Environmental Site Assessment to review. 2-2(a)(v) 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)(vi) 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 10, 2020. 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 terms of sale(e.g.,cash,cash equivalent,or other terms); 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 as follows. 21 APPRAISAL REPORT (continued) 1. buyer and seller are tvpically 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. Jenniwl 518 So.2d 895 (Fla. 1987)] 2-2(a)(vii) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: July 10, 2020 B) Date of the Report: July 10, 2020 2-2(a)(viii) 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 appraisers inspected 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 appraisers' plant. 22 APPRAISAL REPORT (continued) 2-2(a)(ix) Summarize the extent of any significant real property appraisal assistance; The two signatory appraisers are the only people involved in the appraisal process. 2-2(a)(x)(I) Summarize the appraisal methods and techniques employed; (2) State the reasons for excluding any of the valuation approaches; (3) Summarize the results of analyzing the subject sales, options and listings; (4) State the value opinion and conclusion (5) Summarize the information analyzed and the reasoning that supports the analyses, opinions, and conclusions For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. The information analyzed and the appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Cost Approach is not used because no structures were considered in the valuation. The Income Approach is not employed in this appraisal because most sites like the subject are purchased and not leased. Exclusion of these approaches to value still produces a creditable report. The value opinion and conclusion is stated at the end of the Sales Comparison Approach—Land Valuation. 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 of sale, options or listings of the subject 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. Boynton Beach Community Redevelopment Agency acquired the appraised property from The Alpine Seven Company on March 15, 2017 for $170,000. The property was improved with a store when purchased. Subsequent to the sale, the BB CRA demolished and removed the improvement. 2-2(a)(xi) State the use of the real estate existing as of the effective date and use of the real estate 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)(xii) When an opinion of highest and best use was developed by the appraiser, state that opinion and 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 approximately 6,033 square feet. It has an interior location in the block, one lot north of 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. Physical constraint to develop the site is its size which governs the number of potential improvements 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. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT 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 appears to meets the size standards for the "C-4" district as a stand-alone site or it could be assembled with adjacent land for a larger development. City officials make the determination as to the legally permissible use of the land. 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. Financially feasible use for the subject is either for a small stand-alone commercial property or to assemble it with other properties in the subject block for redevelopment of a mixed use 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 taking place. 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 lots in the subject block to construct 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. 25 APPRAISAL REPORT (continued) 2-2(a)(xiii) 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)(xiv) Include a signed certification in accordance with Standards Rule 2-I See signed certification in report. 26 SALES COMPARISON APPROACH LAND VALUATION i t �I LAND SALE LOCATION MAP WIW g I I r icy rk .� 7s ` LAIfESIQE H.3R,@QufL, C �. � u II z bI� `C9ITESMA T'6L�L7.-� . � Sv 114i v I� 'w i'f I� &n INPa f f{ C � Im I� z EAST RIQGE CIRS r —F 19TH.AVE NE NE 20TH LN j j 18TH AVE NE im' h [OAK I�tt oAK ST 11�I rLA50 _ m (h MANATEE BAY QR ISLANd❑R C]r` in 15TH PL r' Z©a }} A Nw YZTH aVE Ell I I xs i Ali I� II { �LNW 9iHiA x NE;4TH AVEC f� .. J7, z _Nw 8TH AVE 1 iy� z 1� r� z ..I; _ NE 7TH AVE--i I Iz 't NESTHAVE z .sd"1'i II II. r „I: s 'I- t� Ip tx f7 NE 4TH AVE�y s z 51 .� r rn" �eii Icn Ni w 1ST STS,-. _ 7 � NEl`3RQ�VE qt _moi iI IIF h —Y��4 I; EI@QYNTON BEACH-BL D- plt ,Iii L i II INE 1sT rr w.00EAN A'�dE E f]CEAN�AfE� a_Fn OCEAN FIVE o I sI �' 7 i"f' Ilr�' ISE YST AVE ' �l ( I� HUDSON AVE [ Boynton Bach Yid 'm 4j _w, — �n yrs SALE �. cn cn I� gy BfH AVE—��.. ��_ i _.I ll z Inl `n- i si SALi 2 _. :.A $,E STH—;AVE ,m;i � Jl I SEI p1- HARBOUR:dRiN It 544 1UTHrAVE SE Y SALE '. j y HAOUR ASBURY:uVAY Y r > SW — RB "�' 11TH JAV E �s I ,r= SE12TH AV,E 5LN 12TH'AVE 1[ _ I� NORTON'S WAY �" WAY z sv 1-STH AVE =I SALE 4 1 i 544 Y4.TH AVE li __�{ 1 '.ipr'��❑ ' Lh�WV QO LBRIC,HT R�� f th, tI SALE 5 1 x m I NORTH BLVD SOUTH EL_VQii L �� r I SE15T,CII �I 1 js �aRL AVE w 7 n �iQ�r F- SEI123RD � rnn, S.25TH AVE Ij~�i CORAL Rd sti,ii L'R LITTLE CLUB Rd '4 � r''= �Ir ]C ij ft Data use subject to license. 0 DeLorme.DeLorme Street Atlas IUSAO 2G 9. 0 800 1580 2400 3200 4000 www.delorme.com MN(6.9°W) Data Zoom 13-4 28 VACANT LAND SALES SALE NO. 1 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. 29 s LA D SALE 1 415, 421 & 425 SOUTHEAST 5 AVENUE BOYNTON BEACH, FL 30 VACANT LAND SALES SALE NO. 2 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. 31 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 2 601 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 32 VACANT LAND SALES SALE NO. 3 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. 33 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 3 1111 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 34 VACANT LAND SALES SALE NO. 4 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. 35 �4 y a p ' LAND SALE 4 1320 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 36 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lengthy legal description. (see deed) RECORDED O. R. Book 30928,Page 1197 GRANTOR Stanley Gundlach et al GRANTEE Boynton TRC LLC DATE OF SALE September 30, 2019 LOCATION 525 Southeast 18 Avenue Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, low intensity CRA District Federal Highway District—South SALE PRICE $325,000 LAND SIZE 15,612 square feet UNITS OF COMPARISON $20.82 per square foot of land PARCEL CONTROL NO. 08 43 45 33 000 1310 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Walter Dinardo for grantor COMMENTS Vacant parcel on a side street adjacent to a community shopping center. 37 CFN 20190362401 OR BK 30928 PG 1197 RECORDED 10/03/2019 08:54:50 Palm Beach County, Florida AMT 325,000.00 DEED DOC 2,275.00 Sharon R. Bock CLERK&COMPTROLLER Pgs 1197-1198; (2Pgs) Prime and return to: Ryap Clea Title& Escrow ILC 814 W n2 Road#2B Lantana 462 561-600-0 File Number: CAAP219 r\ [`,pace Above'1 "err R,_xording Data) Warranty Deed This Warranty � ade this 30th day of September, 2019 between Stanley J. Gundlach, a married man whose post office address is 1. P k lane East, Hypoluxo, Floria 33462 and Walter L. Dinardo, a married man whose post office address is 5810 C c Drive, Lake Worth, Florida 33463, grantor, and Boynton TRC, I..I.C, a Florida limited liability company whose p st o ice address is 4768 Nolina Lane, Boynton Beach,FL 33436,grantee; (Whenever used herein the ten-ns "g and "grantee" include an the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assi orporations,trusts and trustees) Witnesseth, that said grantor, f �i consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to for in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained., and sold to grantee, and grantee's heirs and assigns forever, the following described land, situate, lying and being in Palma 18each Florida to-wit: The North 125 feet off the Soutthh feet of the Last one-halt'(E 1/2) of the Northeast quarter (NF 1/4) of Section 33, Township 45 S(paat , Range 43 East, lying West of the Dixie Highway, (U.S. Highway No. 1). LESS AND EXCEPT the following xcluded from that certain deed dated July 11, 1952 recorded in .Deed Boole 987,Page 467, ublic Records of Palm Beach County, Florida,to wit: Beginning at the intersection of the North sne of said Tract with the West line of Dixie Highway(U.S. Highway No. 1); then run West along the North line of said Tract for a distance of 256.54'; then rags dace South a distance of 125' to the South line of said tract; then due East along said South line to the West line of Dixie Highway; then Northerly along said West line to the point of beginning. ALSO LESS AND EXCEPT any portion of the subject lased located West of the.Eastern boundary of the lands described in that certain deed recorded in official Records Book 2315, Page 387, Public Records of Palm Beach County,Florida, Parcel Identification Number: 08-43-45-33-00-000-1310 Grantor's, Stanley J. Gundtach and Walter L. Dinardo, warrant that at the time of this conveyance, the subject property is not the Grantor's homestead within the meaning set forth in the constitution of the state of Florida, nor is it contiguous to Or a pan: of homestead property. Grantor's residence and homestead address is: 129 .Park Lane East, Hypoluxo, Florida 33462 and 5810 Cadillac Drive, Lake Worth, Florida 33463,respectively. Together with all the tenements,hereditaments and appurtenances thereto belonging or in anywise appertaining. To Have and to Hold,the same in fee simpie ft)rcvcr. 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 soil.and convey said land;that the grantor hereby fully warrants the title to said 38 DoubleTirnea CFN 20190362401 BOOK 30928 PAGE 1198 2OF2 ]and an ill defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encu except taxes accruing subsequent to December 31,2018. In wit thereof,grantor has hereunto set grantor's hand and seal the day and year first above written. Signed, seal�and livered in our presence: Wi i,ie s Name: SaLStanley J. Gun ss Name:; Witness Name: l e . Dmardo Witaess Name: . State of Florida Its-- County of Palm Beach The foregoing instrument was acknowledgedme this 2D�day of September, 2019 by Stanley J. Gundlach, who [_) is personally known or[X]has produced a dri �license as identification. [Notary Seal) _SSP.eus c; AMIE STEN?ERC NerTary Pu is MY GQPv�M!SSIOiV r GG 2US898 t F � := EYP[RES:june 8,2x22 Print Name: Bonded Thru Noiary Public Urnderm;ers g My Commission Expires: State of Florida County of Palm Beach The foregoing instrument was acknowledged before me this ay of September, 201.9 by Walter L. Dinardo, who [] is personally known or[X]has produced a driver's license as identification. [Notary Seal] Nowt blic _ PI d ame: Zas.r.Ue••. JAMIESTEiN$ERG SAY CON�M1S510fV#GG 2Q9898 EXPIRES:June 8,LQ22 My Commission Expires: i E?r+;°• 6ondr-d Tbru Notary Pub?ia Underwriters 39 tt I i Ott � d i 1 t i LAND SALE 5 525 SE 18 AVENUE BOYNTON BEACH, FL 40 a = U y d Vf O N M N M N M N N N NtA LL N VI Q • -a Ln O O N 00 O a N O N M l0 O Q U Ln cM-I l�0 `a a r^ M �D M Q jn c-I i/? i/? i/? r w c m o u- m u- ti ti +• O � O : o � O M m in a in a +� a in a ri ° 0 W W W W M C a -------------------------------------------------------------- v in O O LI) LI) N O O N r-4 VI O" N 07 O cl _ kpO M M y d In M N c m ko E Q � c imn V) iko mn 'v Q o oo m n O rn rn n LnLn it M 00 +0 Ln ON + 07 + o6 Ln O cl N rlj m ccN Ln O O 00 O OD = 7 m m m m C = U U U u U U (j N _ M r� O l0 N M I LL.I N ON = kc U7 MO -i QUI c-I N In N In F N N N c-I N c-I Q 00 r� n n Q1 O JI N O W Q N F O O O O O \ z Q Q 0000 in c\-� c\-� O N O to O CW ti n � rn rn > \ G O O O O O O N N N N D WW_j u O a O a O a O a O a O Q Q OC cti O Ln `ti O O N c\-� N N m DD IAI 0- cl M N 00 O lD N 00 > lDrl M In M i..� -L/) r.4 c-I N i/? N V) i/? ON z V) i� V) i/? r-4 i/? O N > N N N M' N N m Q v_ m 3 a 3 a y 'v 3 a = `o = `o `o = `o :3 `o =ao `o SLL LL = LL LL LL = LL G = _ 0 W 1A U ji uj m i U i U i U QM Ln 00 U y i U J JI to m N m M N m m ui m �� W m Q N O LL O LL O LL O O u1 LL O y� r vi r of r V1 r r z r 14 N a rj 1A a O a z C m Im m `4 m M m m 14m Q 14 14 J 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 a vacant site at 1110 North Federal Highway, Boynton Beach, FL. Land size is 6,033 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 or close to Federal Highway which are either vacant or will soon will be. Of the properties reviewed, the five which are more similar to the subject are cited in this report. Details of the transactions 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 $20.82 to $28.30 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 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. (Continued) 42 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. 1 were in cash, which is the most common form of payment for vacant land. The grantor of Sale 1 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. 1 is at the top end of the range, suggesting the financing have an effect on the amount paid. However, there are old improvements on the site that have to be demolished and removed before redevelopment of the site. The demolition and removal will be an expense to the buyer, off-setting any monetary advantage gained by the financing. Hence, no adjustment is made for this element of comparison to the sales. 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. Sales 1, 2, and 4 were purchased by Exsorro One, Inc. Sale 2 consists of two adjacent parcels which were purchased at one time. Motivation of this grantee appears to be similar to others who have made purchases in the area over the years which is to assemble sites large enough for development of mixed use, higher density projects. (Continued) 43 LAND VALUATION (Continued) Conditions of sale of these 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 condition of sale. Motivation of the grantees of Land Sales 3 and 5 seem to be to purchase the land for stand-alone projects, though also in a market area which is in a period of renewal and modernization. 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. There is an upward trend in real estate prices in the subject market area due to the revitalization supported by the Boynton Beach Community Redevelopment Agency and to scarcity of developable parcels. The upward trend exceeds the annual inflation rate of 2%per year. Each of the land sales is adjusted upward 3% annually for market conditions to the effective date of appraisal. The amounts of the adjustments are shown on the chart. Adjustments for transactional elements of comparison were considered; now, property elements of comparison are addressed. 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, etcetera. 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) 44 LAND VALUATION (Continued) All of the sales are located fronting or near Federal Highway in Boynton Beach; all are in the Boynton Beach Community Redevelopment Area along with the appraised site. Sales 1, 2, and 3 are in the CRA Downtown District. Nos. 4 and 5 are in the CRA Federal Highway South district. The parcel concerned is in the CRA Federal Highway North district. Significance of being in a CRA district is that they are eligible for programs and support from the Boynton Beach Community Redevelopment Agency. Zoning for the land concerned is "C-4", General Commercial, with a minimum lot size of 5,000 square feet. Land Sales 1, 2, 3 and 5 are zoned "C-3", where the lot size is a minimum of 15,000 square feet. Land Sale 4 is in the "C-1" district, with a minimum lot size of 9,000 square feet. The square foot size of all of the sites meets the minimum standard for their districts. The subject"C-4" district permits more uses than the other two. Land Sale 1 is located one block west of Federal Highway and two blocks south of Ocean Avenue where revitalization is evident with new projects of 500 Ocean and Town Square. For Sale 1, proximity to the redevelopment off-sets no Federal Highway frontage. Land Sales 2, 3 and 4 border Federal Highway. Land Sale 5 is on SE 18 Avenue, a local road. It was previously improved with a residence that has been demolished and removed. Although adjacent to a shopping center,the site is not part of it. The parcel is not visible from Federal Highway. Location of No. 5 is inferior to the other land sales and subject. It is adjusted upward a nominal 10%to recognize this difference. 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 6,033 square feet; smallest in the data set,yet of sufficient size to meet the "C-4" zoning standard. The 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. There are minor differences among the physical characteristics of the land sales and the parcel concerned; however,they are not significant enough to warrant quantitative adjustments. (Continued) 45 LAND VALUATION (Continued) Use For sites to be comparable, they should have similar uses. Use for the subject and sales could be smaller commercial buildings; although, larger mixed use projects, possible by assemblage of properties, would adhere to the CRA redevelopment plan. No adjustment is called for this element of comparison. FINAL VALUE OPINION Following is a summary of the adjusted square foot unit prices for the five sales: Land Sale Adjusted Sale Price/ Square Foot 1 $30.42 2 $25.95 3 $23.97 4 $27.02 5 $23.47 The range of unit prices is from $23.47 to $30.42 per square foot of land. Since each of the land sales has already been adjusted to the land appraised, equal weight is placed on each sale for the final value opinion. Considering the characteristics of the land under appraisement and the foregoing discussion,the unit value for the subject is $26.17 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for land in 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 July 10, 2020 is: $26.17/sq.ft. of land x 6,033 square feet = 158 000 ONE HUNDRED FIFTY-EIGHT THOUSAND 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 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 II 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 8, 2020. 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 10,2020 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 July_ 10,2020 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. I. 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 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,unless excepted. 4. Legal descriptions and property dimensions have been f m-iished 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 cant'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 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 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 perform 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 10,2020 � GGl'oallolwm— Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 July 10,2020 48 ADDENDA c: FEMA Flood Map Report The pin displayedon the map is an approxa mate point selected hytha user i and Coes not �i rr represent an authontative property a rvm r ITS. location. .SPECIAL FLOOD HARD ARS Without Base Flood f; Elevatmn(B PE)Zone A.V,A.199 " � ��fsz�uilu t�1Trh �r t c VgthBFEorDepth Zone AE,.,AD,AH,VE,. nt AR Regulatory Floodway OTHER AREAS OF FLOOD i HAZARD, 0.2%Annual Charzee i o `�a Flood Hazard,Areas of 50 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 Siegel,Esq. Siegel Si & Wright 1600 th ie Hwy Suite 300 Boca R L 33432 561-620- a File Numbe : pine Seven Will Call No.. �o [Space Above This Line For Recording Data]_ arranty Deed O This Warranty Deems made this 15th day of March, 2017 between The Alpine Seven Company, Inc., a dissolved Florida corporation whost office address is PO Box 700, Boynton Beach, FL 33425-0700, grantor, and Boynton Beach Community Redev went Agency, a public agency whose post office address is 710 N. Federal Highway, Boynton Beach, FL 33435,grte (Whenever used herein the terns "grant) "grantee" include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assigns rations,trusts and trustees) ,.,��Q Witnesseth, that said grantor, for sideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to sat r r in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained, and sold to the antee, and grantee's heirs and assigns forever, the following described land, situate,lying and being in Palm Beach Co I rida to-wit: The North 66 feet as measured t ri 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 r� 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: 08-43-45-21-32-002-0211 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. 51 DoubleTime® CFN 20170094923 BOOK 28957 PAGE 1338 2OF2 In Wit s Whereof, grantor has hereunto set grantor's hand and seal the day and year first above written. Signe eat nd delivered in our presence: O 1 The Alpine Seven Company, Inc., a Florida for profit !j 011 corporation Witness Name: Mardy Powell,Wresident g r Witness Name: (Corporate Seal) �n State of Florida //S p County of Palm Beach The toregoing instrument was AcicnowI efore me this 15th day of March,2017 by Mardy Powell of The Alpine Seven Company, inc., a Florida for profit carpo t on behalf of the corporation. He [ is ennalh ]crown to me or [X]has produced a driver's license as identification. ( [Notary Seal] ta.'ry Public h Printed Name: Spehker B Siegel, Esq. MY COMMISSION#FF 956663 My Commission Expires: May 15,2020 :e EXPIRES:May 15,2020 : yFyR sanded Thtu No4ary Public UndarwMere Warranty Deed-Page 2 52 DoubleTime® 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.D. 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 feet2 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 53 Maximum structure height: 45 feee 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z Where rear yard access is available from a public street or alley,rear yard maybe 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 commercial uses allowed within the C-3 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. s 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 II, 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. 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.D. 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: 13 54 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 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z 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. s 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. 55 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting In reporting the results ofa 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 substantive content ofa 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 a 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 RULE 2-2 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. An appraiser may use any other label in addition to, but not in place of, the labels set forth in this Standards Rule for the type of report produced. The use of additional labels such as analysis, consultation, evaluation, study, or valuation does not exempt an appraiser from adherence to USPAP. The report content and level of information requirements in this Standards Rule are minimal for each type of report.An appraiser must supplement a report form, when necessary, to insure that any intended user of the appraisal is not misled and that the report complies with the applicable content requirements. (a) The content of an appraisal report must be appropriate for the intended use or the appraisal and, at a minimum: (i) state the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client's request but is retained in the appraiser's workfile; (ii) state the identity ofany other intended users by name or type; (iii) state the intended use of the appraisal; (iv) contain information, documents, and/or exhibits sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (v) state the real property interest appraised; (vi) state the type and definition of value and cite the source of the definition; (vii) state the effective date of the appraisal and the date of the report; (viii)summarize the scope of work used to develop the appraisal; ()x) summarize the extent of any significant real property appraisal assistance; 56 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting (x) provide sufficient information to indicate that the appraiser complied with the requirements of STANDARD I by: (1) summarizing the appraisal methods and techniques employed; (2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed; (3) summarizing the results of analyzing the subject sales, options, and listings in accordance with Standards Rule 1-5; (4) stating the value opinion(s) and conclusions(s); and (S) summarizing the information analyzed and the reasoning that supports the analyses opinions, and conclusions, including reconciliation of the data and approaches; (xi) state the use of th real estate existing as of the effective date and the use of the real estate reflected in the appraisal; (xii) when an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; (xiii) clearly and conspicuously: • state all extraordinary assumptions and hypothetical conditions, and • state that their use might have affected the assignment results, and (xiv)include a signed certification in accordance with Standards Rule 2-1. STANDARDS R ULE 1-5 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; b) analyze all sales of the subject property that occurred within the three(3) years prior to the effective date of the appraisal. 57 475.611 Florida Statutes: Definitions.- (1) As used in this part, the term: (a) "Appraisal"or"Appraisal Services" means the services provided by certified and 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 95,11(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. 58 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 perform 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 perform 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. 59 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) 60 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(200 1) 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) 61 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 Book"Unifonn 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) SEMINAR(AI) - 3 Hours "Airport Appraisals) (01/25/2019) SEMINAR(AI) - 4 Hours"Understanding an Investigation by a State Appraiser Regulatory Board or Agency(5/17/2019) SEMINAR(AI) - The 50%FEMA Appraisal Rule(8/23/2019) COURSE (BR) - 14 Hours Required Education(8 hrs.Specialty Education;3 hrs.Core Law,3 hrs.Business Ethics(9.3.2019) SEMINAR(AI) - Artificial Intelligence,AVMs,and Blockchain:Implications for Valuation. (1/24/2020) 62 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 24,2001. 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 63 I of 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:vanceval(a,att.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 perform 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 C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)PROFESSIONAL DEVELOPMENT PROGRAM REGISTRIES Valuation of Sustainable Buildings: Cormnercial Valuation of Sustainable Buildings: Residential E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. F)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, 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 Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 64 2 of G)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 Farm 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 Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney Hl EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: 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) -Powerhnes/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) 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) 3 of4 H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) -Mediation&Alternate Dispute Resolution Seminar(200 1) 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 Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Workfile(2013) 66 4 of H)EDUCATIONAL BACKGROUND(Continued) 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) SEMINAR(Al) -Technology Tips for Real Estate Appraisers(2018) SEMINAR(Al) -Residential&Comnnercial Valuation of Solar&passed exam(2018) SEMINAR(Al) -Airport Appraisals(2019) SEMINAR(Al) -Practical Applications in Appraising Green Commercial Properties&passed exam(2019) D 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 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) 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 67 A 1 RESOLUTION NO. R20-122 2 3 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 4 FLORIDA, APPROVING AND AUTHORIZING THE 5 MAYOR TO SIGN A QUIT CLAIM DEED 6 TRANSFERRING THE CITY OF BOYNTON BEACH 7 PROPERTY LOCATED AT 1102 NORTH FEDERAL 8 HIGHWAY,BOYNTON BEACH,FL TO THE BOYNTON 9 BEACH COMMUNITY REDEVELOPMENT AGENCY 10 (CRA); AND PROVIDING AN EFFECTIVE DATE. 11 12 WHEREAS, on October 1, 2019,the City Commission authorized the City Attorney 13 to file a foreclosure lawsuit for the Property located at 1102 N. Federal Highway, Boynton 14 Beach, FL 33435, a non-homesteaded and vacant commercial property, which had accrued 15 more than $800,000.00 worth of code and lot mowing liens; and 16 WHEREAS, on August 19, 2020, the City Commission approved a Settlement 17 Agreement between the City of Boynton Beach and the Property Owner Eckols '76 LTD and 18 Eckols '86 LTD., which included a Deed in Lieu of Foreclosure; and 19 WHEREAS, this Property is located within the Community Redevelopment Agency 20 (CRA), immediately adjacent to another CRA-owned property and the transfer of this property 21 to the CRA will further promote the goals and objectives of the City; and 22 WHEREAS,the City Commission, upon recommendation of staff,deems it in the best 23 interest of the Citizens and residents of the City of Boynton Beach to approve and authorize 24 the Mayor to sign a Quit-Claim Deed transferring the City-owned property located at 1 102 25 North Federal Highway to the Boynton Beach Community Redevelopment Agency. 26 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 27 THE CITY OF BOYNTON BEACH, FLORIDA,THAT: 28 Section 1. The foregoing"WHEREAS"clauses are true and correct and hereby 29 ratified and confirmed by the City Commission. SACATFSOTeal EstateyT'ransferring 1 102 N Federal Hwy To CRA-Reso.Docx I Section 2. The City Commission of the City of Boynton Beach hereby approves 2 and authorizes the Mayor to sign a Quit-Claim Deed transferring the City-owned property at 3 1102 North Federal Highway to the Boynton Beach Community Redevelopment Agency. A 4 copy of the Quit-Claim Deed is attached hereto as Exhibit"A". 5 Section 3. That this Resolution will become effective immediately upon passage. 6 PASSED AND ADOPTED this_-q- day of November, 2020. 7 CITY OF BOYNTON BEACH, FLORIDA 8 YES NO 9 10 11 Mayor— Steven B. Grant 12 13 Vice Mayor—Ty Penserga 14 15 Commissioner—Justin Katz 16 17 Commissioner— Woodrow L. Hay 18 19 Commissioner—Christina L. Romelus 20 21 22 VOTE 23 24 25 ATTEST: 26 27 28 x� '94, 29 C stal Gibson, MMC 30 City Clerk 31 32 33 34 (Corporate Seal) 35 11 n � C 0 A f S 01Reaf EstaW\Tidierring 1 102 N Federal Hwy To CRA-Reso-Docx This Instrument was Prepared by: Heather Needelman,Esquire GOREN,CHEROF,DOODY&EZROL,P.A. 3099 E.Commercial Boulevard,Suite 200 Fort Lauderdale,Florida 33308 PIN:08-4345-21-32-002-0201 QUIT CLAIM DEED THIS QUIT CLAIM DEED made this "day of r,2020 between the City of Boynton Beach, a Florida municipal corporation,whose post office address 100 E. Ocean Avenue, Boynton Beach, Florida 33435, (hereinafter referred to as "Grantor") and Boynton Beach Community Redevelopment Agency, a Florida public body corporate and politic created pursuant to Section 163.356 F.S whose post office address is 100 E Ocean Ave 4th floor, Boynton Beach, FL 33435 (hereinafter referred to as "Grantee"). "Grantor" and "Grantee"are used for singular or plural, as context requires. WITNESSETH: That Grantor,for and in consideration of the sum of Ten Dollars(S 10.00)in hand paid by Grantee,receipt whereof is hereby acknowledged,has granted,bargained and quit-claimed to said Grantee and Grantee's successors and/or assigns forever the following described real property situate,lying and being in PALM BEACH County,Florida,to wit: That part of Lots 20, 21 and 22, Block 2,LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Palm Beach County, Florida, recorded in Plat Book 11, Page 71, of the Public Records of Palm Beach County, Florida, described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20,a distance of 122.5 feet to a point;thence Northerly at right angles to the South line of said Lot 20, a distance of 131.7 feet, more or less to a point in the North line ofLot 22,Block 2,LAKEADDITION;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, subject to existing right-of-way of U.S.Highway#1, (State Road #5), less the North sixty-six (66)feet thereof as measured at right angles to the North line of the above-described parcel; TOGETHER with all improvements thereon and fixtures therein. (00407634.1 306-9905434) c To Have and to Hold the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title interest, lien, equity and claim whatsoever of Grantor, either in law or equity, for the use,benefit and profit of said Grantee forever. IN WITNESS WHEREOF, Grantor hereunto sets Grantor's hand and seal the day and year first above written. Signed, sealed, and delivered CITY OF BOYNTON BEACH, a Florida in the presence of municipal corporation Witness By: Steven B. Grant H AY1 A ELIAS Title: Mayor (Print Name) Witness (Print Name) STATE OF FLORIDA COUNTY OF PALM BEACH The foregoing instrument was gknowledged before me by means of_online notarization or physical presence this day of November,2920 by Steven B. Grant,as Mayor of the City of Boynton Beach, on behalf of the City,who is personally known to me or has produced a Florida Driver's License as identification. 7 NOTARY PUBLIC a• LYNN M.S"WN r, s MY GOM1aAtS51 0N#GG 150313 a Qt. E(p{RES.November 17PUW Un, (00407634.1 306-99054341 2 of 2 Simon, Michael From: Sam Rogatinsky <samr@rogatinskylaw.com> Sent: Saturday, August 22, 2020 1:29 AM To: Simon, Michael Cc: Ben Rogatinsky; Shutt, Thuy; Nicklien, Bonnie; Utterback, Theresa;Tara Duhy (tduhy@llw-law.com); Kathryn Rossmell Subject: Re: Second LOI submitted on August 19, 2020 Attachments: Boynton Beach CRA Contract.pdf Dear Mr. Simon, The Boynton Beach CRA's goal is to develop properties within the CRA and create a vibrant downtown core. The objective is to attract quality long-term businesses that provide a benefit to the residents of Boynton Beach At this point we are completely confused about this process. My client's written offer was formally accepted by the board during a CRA board meeting and then reduced to writing in the attached purchase and sale agreement drafted by CRA counsel. The initial offer was made based on discussions with the CRA prior to submitting the offer. Based on new circumstances at this time my client will increase the offer to the following: A. $35,000 cash and $70,000 advertising trade over 10 years based on the agreed upon terms of the attached agreement. Easement in accordance with CRA goals. OR B. $55,000 cash and $45,000 advertising trade based on the terms of the attached agreement over 10 years. Easement in accordance with CRA goals. My client will close upon city approval of site plan as agreed. We have been working with the city planning department and the site plan is almost completed. My client has the funds to close and build and can provide proof of funds upon request. There is no financing contingency that will slow the process. Sincerely, Samuel Rogatinsky, Esq. Managing Attorney i Ra p, R r !:k v� r 3113 Stirling Road, Suite 103 Fort Lauderdale, FL 33312 Phone: 954-404-6140 Fax: 954-925-1640 www.rogatinskylaw.com E-Service: mailto:rogatinskyfirm@gmail.com ****PRIVILEGE AND CONFIDENTIALITY NOTICE:This e-mail and any attachments are intended to be confidential.They are legally privileged under the Electronic Communications Privacy Act, 18 U..S.C. 2510-2521,and may be further protected by the attorney client and work product privileges. It is intended only for the use of the person or persons named above. If you are not the intended recipient,you are hereby notified that any review,dissemination,distribution of duplication of this communication is strictly prohibited. If you are not the intended recipient,please contact the sender by reply email or the above phone number and destroy all copies of the original message. ***** On Aug 21, 2020, at 11:50 AM, Simon, Michael <SimonM@bbfl.us>wrote: Good morning Sam and Ben: As a follow up to my email below, CRA staff will be working with the CRA Board's legal counsel for the next several days to produce the best course of action to present for the Board's consideration at their September 811 meeting. At the present time, no further action is needed from either LOI proposer nor will any formal action be taken by CRA staff or the Board regarding the same until the September 811 meeting. CRA staff will reach out to you next week after our consultation with the Board's legal counsel has concluded. Thank you. Michael Simon, FIT-ISA, CP3 , LRES Executive Director Boynton Beach Community Redevelopment Agency 100 F, Ocean Ave, Boynton Beach, Florida 3:3435 561-600-90911 561--737-3258 irnor7M@bbfl,us http://www.boyntonbeachcra.com 2 1 7 d> , "�Il if y'a{a R 9� {f 'RA =B ACH COMMUNRY REDEVELOPMENTGC America's Gateway to the Gulfstream Please be advised that Florida has a broad public records lava and all correspondence to me via email may be subject to (disclosure,l rider Florida records lava, email addresses are public records, Therefore, your e-mail communication n and you address may be subject to public(disclosure, From: Simon, Michael Sent: Friday, August 21, 2020 10:45 AM To: Sam Rogatinsky<samr@rogatinsl<ylaw.com>; Ben Rogatinsky<benr@sal<pase.fm> Cc: Shutt,Thuy; Nicklien, Bonnie<Nicl<lienB@bbfl.us>; Utterback,Theresa <Utterbacl<T@bbfl.us>;Tara Duhy(tduhy@llw-law.com) <tduhy@llw-law.com>; Kathryn Rossmell <I<rossmell@llw-law.com> Subject: Second LOI submitted on August 19, 2020 Good morning Sam and Ben: As you requested, please find the attached copy of the Letter of Interest (LOI) submitted on August 19, 2020, for the property located at 1110 N. Federal Highway. This second LOI will be provided to the CRA Board as part of their September 8t1meeting agenda. No action can be taken or discussion occur as a full Board prior to the meeting on September 8th. All of the Public Notice conditions and requirements have been met and the handling of the item is under the full and sole discretion of the CRA Board. If you have any questions or need any additional information, please do not hesitate to contact me directly. 3 Z 4i July 6, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. Boynton Beach, FL 33435 Dear Mr. Simon, Thank you for the opportunity to express our interest in the property (approximately .13 acres located at 1110 North Federal Highway in Boynton Beach. WPBR 1340 AM and 96.1 FM is a Haitian/Creole format radio station that has been in operation since 1955. Originally WPBR was located in Lake Worth, Florida close to its radio tower. As technology changed the radio station office and studio was subsequently moved to a leased location at 2755 S. Federal Highway in Boynton Beach. This facility is about 1200 square feet and within that space there are two broadcast studios, a production room and a business office. Throughout the years the Haitian influence has been prevalent in the programming of WPBR. Almost 13 years ago, the format was changed to a 24 hour, 7 day a week Haitian format, The programming consists of Palm Beach community news, sports, politics, music and specialty shows hosted by local community leaders and religious leaders. What sets WPBR apart from most other stations is its commitment to the Palm Beach and North Broward Haitian community. Our station does not broker time and therefore we can maintain quality shows tailored directly to the Haitian community. While other stations have compromised formats, WPBR has maintained a consistent Creole format not bowing to paid programming. Some of the shows that have been on WPBR for almost a decade include the morning show with our host Marc Jean Jaques called Bonjour Matings Bonjour Soliel. Also. Auto Route Expressway between 1 and 3 followed by Afternoon Drive and 509 Info, Precission Sports and Hallan and Friends. All of the shows and hosts at WPBR are immersed in the Palm Beach county Haitian community and by cooperating with local political leaders, government officials, community pastors and Haitian musicians, our station remains at the top of the ratings among the Palm Beach Haitian community. Between its three signals, 1340 AM, 96,1 FM, and 95,1 FM, WPBR reaches the Haitian community in Deerfield Beach, Boca Raton, Delray, Boynton Beach, Lantana, Lake Worth, West Palm Beach and Riviera Beach. After almost 10 years at the same Boynton Beach location, our lease is going to end in about 18 months and it is our desire to build a more permanent location. When we learned about the piece of land that was owned by the Boynton Beach Community Redevelopment Association we immediately recognized this as an opportunity to make Boynton Beach our forever home. As consideration for the property, WPBR offers$25,000.00 cash and one hour each week for a period of five (5)years to be used by the City of Boynton Beach for community news or other information that the city needs to disseminate to its residents. The current value of each hour on WPBR is$250. This hour can be split over the week to remind residents of city activities and city news. At the rate $250 per hour, 2755 South Federal Highway, Suite 15 Boynton Beach Florida 33435 .......... the value of the time offered is$1,000 per month for 60 months for a total of$60,000. Add those two together and we are offering a total of$85,000 for the property. Funding for this CRA project shall be a capital investment from the principal of WPBR and a construction loan to build it. WPBR has met with a licensed Florida contractor, John Maharaj of Galfacee Construction and has j attached a time line to this letter of interest for the CRA to review. Should our letter of interest be approved it is our intention to move this process as quickly as possible because in addition to the construction we need to build sound proof rooms, buy the appropriate radio station equipment, and wire the building to accommodate a radio station. WPBR has met with our consulting engineer, R-Com, Inc. who is engaged in the design, building and maintenance of commercial radio stations. Richard Rieke who is the owner has estimated that the cost of equipment for building the two broadcast studios and one production studio will be approximately $125,000.00. This amount can go up or down by 10%depending on the cost of equipment at the time of purchase. WPBR has met with our consulting architect, Nader Goubran who estimates the cost of site plan, architecture and engineering to be approximately$15,000.00 This number can go up or down depending on the cooperation, feedback and instructions from the Boynton Beach building department. Please accept this as our formal letter of interest in building a one story, 1200 square foot building that will house the broadcast studios of WPBR. We look forward to making Boynton Beach our permanent home at 1110 North Federal Highway. Sincere , Ben Rog ti sky t y ti(t irr t Ss `v 3 k . t 6TO �r ,r,� -- r a � Pc { - r r r. r� k t J d R-Corn., Inc. Radio Broadcast Engineering Services 6331 Pine Drive Lantana, Florida 33462 561-632-1200 July 6, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, Florida 33435 Dear Mr.Simon, I own and operate R-Com, Inc.which is engaged in Design, Building and the Maintenance of Commercial Radio Broadcasting facilities in and around Palm Beach County. R-Com, Inc. has been in business for over 40 years and during that time, I have personally completed numerous build-out projects for most of the Radio stations in the area. I have been responsible for at least 3 studio creations for various owners of WPBR,the latest of which for Palm Beach Radio Group, owned by Samuel Rogatinsky. I have been the consulting Broadcast Engineer for WPBR for almost 10 years and during that time, i have maintained and built their studios not only in Boynton Beach, but Orlando and Tampa as well. Mr. Rogatinsky asked me to estimate the cost of building two new studios and a production room at a new location in Boynton Beach.Since the new location would be built from the ground up, specialized construction needs(Sound Proofing,Visibility, internal interconnect wiring, etc.),would be installed during construction. Once the physical plant is finished, most if not all of the necessary equipment will be new and installed according to plans. Based on today's costs for radio station equipment,sound proofing, specialized materials and proper wiring, I estimate that the cost will be approximately$125,000.This cost is based on my experience in this industry of over 50 years as a radio engineer. Should you have any questions feel free to reach out to me at your convenience. Richard Rieke Broadcast Engineer Date: Monday, July 06, 2020 PROJECT PROPOSAL To: Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, Florida 33435 Project: WPBR 1340 AM Project Location: 1110 N Federal Highway, Boynton Beach, FL., 33435 Proposal Submitted by. John )Maharaj Gal>fa Cee Company 121 Waterview Way, Royal Palm Beach, FL. 33411 License # CGC-057551 Contact: John Maharaj Email J altaCea. orn Cell: 561-718-9509 PPL LEED A agn i{ 4 S, Galfa Dear Mr. Simon, I am a licensed general contractor in the state of Florida since 1994 and over the years l have developed a niche in building broadcasting; studios for radio stations. Our company is a full service construction company and we have been hired by Samuel Ro atinsky of WPBR to provide a time line to build a 1200 square foot office building with required parking and landscape as required by the city of Boynton Beach. WPBR is on a tight schedule because they will need to leave their current space once their lease is over in about 17 months. Although the cost of construction is still being reviewed f would like to provide a time line for the construction of this new project. Assuming that all zoning and building department approvals are in place our 26 week time line would be as follows; 1. Preconstruction meetings, critical path schedule and lot prep. 2 weeks 2. All underground utilities including onsite storm water retention both above/below ground and pad prep. 4 weeks All subgrade paving requirements, include all curbs/landscape islands and first lift of asphalt. 2 weeks. 4, Shell Construction for building. 8 weeks. . Interior and exterior finishes. 4weeks. b. Landscaping and building utility connections. 2 weeks. 7. Final paving, striping and signage. 1 week. 8. finial Inspections and client walk through. l week. 9. Corrections and adjustments as needed. 1 week. I O.Punch-out and client move in. l week. 1( Thank you and please feel free to reach out to me if you have questions. Kind Regards, 1 John Maharaj President Galfa Cee Company 3 DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F BDH Consulting r u Consulting Engineers•Planners•Surveyors (561)452-2348 too FAX(561)327-2654 C ti http://www.bdhcg.com t deris@bdhcg.com i ' August 18, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, FL 33334 Re: Letter of intent to purchase and develop commercial property Located at 1110 N Federal Highway, Boynton Beach, FL 33435 Dear Mr. Simon: We recently observed that a "Notice of Intent to Dispose of Real Property(Section 163.380, FS.)"sign had been placed at the property located at 1110 N Federal Highway, Boynton Beach FL 33435. Not long ago we contacted the Boynton Beach CRA regarding this same property and expressed interest to purchase it, we met with Ms. Bonnie Nicklien at the CRA. The CRA told us that this property was not for sale because the CRA vision for the property was to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development to occupy the combined properties. We thank you for the opportunity to respectfully contact you pursuant to Florida Statutes, Section 163.380 to convey our continued interest to purchase the property located at 1110 N Federal Highway, Boynton Beach, FL 33435 (Parcel No. 08434521320020211). BDH Consulting Group (BDH)is a professional engineering, surveying&mapping, and planning firm based within the Boynton Beach CRA area. We are certified as professional consultant business under the Consultant Competitive Negotiation Act (CCNA) for engineering and surveying & mapping services in Palm Beach County. BDH is also certified as small minority owned business with Palm Beach County, Florida Department of Transportation, South Florida Water Management District, and the State of Florida. As such, through the years we have served our City of Boynton Beach, Boynton Beach CRA area, Palm Beach County and State of Florida community providing professional engineering and surveying & mapping services. BDH was founded on the year 2012 and has been operating as a home-based business within the CRA area since then. We are a fully registered business with the City of Boynton Beach, Palm Beach County and State of Florida. Through the years, our business client base throughout the State of Florida has continuously been increasing, with a great number of clients being repeat customers. As a result, we need to expand our operations to meet client demand. To expand our business operations and hire more employees, we would like to purchase the Boynton Beach CRA property located at 1110 N Federal Highway, Boynton Beach, FL 33435 to develop the property to be BDH's forever home and professional services business office Headquarter. We are in the process of discussing site layout alternatives with the Boynton Beach Planning & Zoning Department for the property. Our current proposed site layout is already good enough for us to proceed to contact Planning & Zoning to schedule a pre-application meeting for the Boynton Beach plan review team to review our preliminary site development layout proposal. Please see attached 'Exhibit A which shows our latest site development proposal. I am myself a City of Boynton Beach resident since the year 2003, and BDH has been a City of Boynton Beach CRA business since it was founded on the year 2012. Part our personal community involvement includes having been a community member on the 2019 City of Boynton Beach Flood Mitigation Plan Task Force and our children's school PTA programs. In addition, DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F whenever there is a hurricane projected to make landfall in Boynton Beach, we contact the City of Boynton Beach engineering department and make ourselves available to assist our community on hurricane emergency activities immediately after the hurricane, if needed. As we can demonstrate, we have been and plan to be fully committed to our Boynton Beach community. As such, we are currently working on getting BDH certified as a HUBZone Certified business with the United States federal government small business administration. HUBZone is a United States Small Business Administration program for small companies that operate and employ people in Historically Under-Utilized Business Zones (HUBzone). The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least 3%of federal contract dollars to HUBZone-certified companies each year. We estimate that on the next two years we will be able to work on two to five federal projects which will require us to hire employees that reside within the HUBZone area which is included within the Boynton Beach CRA area to accomplish the work. To qualify for this HUBZone certification, the business office needs to be within a Historically Underutilized Business Zone . The Boynton Beach CRA property we would like to purchase meets this criterion since it is located within the HUBZone Area. Please see rExhibit B which shows the property's location within the HUBZone Area. BDH is an equal opportunity employer. One of the HUBZone program requirements is to have at least 35 percent of our employees living within the HUBZone area. Currently 75% of our staff are Boynton Beach residents and we plan to actively look to hire more personal from our CRA area that coincides with the HUBZone area. In addition, we have and continue to be committed to assisting our local City of Boynton Beach private and residential sector clients to work together with the Boynton Beach CRA to participate on programs to improve their existing affordable housing and small business infrastructure improvements to create a vibrant downtown core and revitalized neighborhoods within the CRA area. We estimate the project schedule for permitting and construction to take approximately 14 months from the time we purchase the property. Initial project planning and set up time to take 2 months; The site survey, design and permitting for the proposed development to take approximately 6 months, which we would perform in house at BDH. Following issuance of all permits, we estimate construction of the proposed site to take up to 6 months, which would be performed by contractors we have worked with in the past and team up with on projects on a regular basis. Please see Exhibit C which shows the proposed development estimated timeline. We plan to fund the development of our proposed project through a construction loan with a bank. We are currently in talks with Florida First Capital Finance Corporation FFCFC to apply and process an SBA 504 Loan. An SBA 504 Loan is a program which includes financing for purchasing commercial real estate vacant land and constructing a building. We do not foresee any problems with getting approved for the loan. BDH is respectfully offering to purchase the property located at 1100 N Federal Highway Boynton Beach Florida for which we offer the following purchase term options: Purchase option No. 1: We offer to pay $30,000.00 cash and $70,000.00 of professional civil engineering and surveying and mapping services (including hydrographic surveying) to be used for a period of (10) years by the Boynton Beach CRA for affordable housing, small business infrastructure improvements, and any other community redevelopment projects to support our Boynton Beach Community. However, with this option we will have to check to see if providing our professional services to the Boynton Beach CRA under this purchase option is acceptable per the CCNA Florida Statutes. Purchase option No. We offer to pay$50,000.00 cash and develop the property, and provide easements, in such a manner that it will continue to meet the CRA's vision to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and the adjacent property located at 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F to Occupy the three combined properties. We offer to include as part of our permitting process to develop the property we would like to purchase, a boundary survey and professional civil engineering services to prepare a conceptual site layout for a future development for the three combined properties. Purchase option No. 3: We offer to pay $50,000.00 cash and develop the purchased property, and provide easements, in such a manner that it will continue to meet the CRA's vision to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and the adjacent property located at 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development to occupy the three combined properties. As part of this option to purchase the property, the Boynton Beach CRA could place a second mortgage on the property for the $40,000.00, said second mortgage to be self-depreciating at 10% per year for a total of 10 years. At the end of 10 years, the Boynton Beach CRA second mortgage will self-depreciate to $0 and the land and BIDH will be free from the second mortgage. Please review the above referenced purchase options. We are willing to negotiate to reach an agreement which will amend any of the above referenced purchase options to make them meet the Boynton Beach CRA and BIDH vision for the property and area in order to make the proposed development a success. It is very important for BIDH to purchase this property for the following reasons: • To qualify for the HUBZone Business Certification • Pursue United States Federal projects. We have clients waiting for us to get certified for teaming opportunities for Federal Projects. • Hire employees that reside within the CRA area located within the HUBZone area. This is a HUBZone certification requirement, a must. • Bring federal work to our Boynton Beach CRA area to support our local workforce and in this manner contribute to revitalize our CRA neighborhoods. • To expand operations to meet client demand and to pursue more private and public sector engineering and surveying work throughout the State of Florida. We are currently maxed out our home-based business and need to open an office to hire local employees to work on projects we are invited to participate, but at the moment are unable to commit to because we need a dedicated office for our future employees to come to work to. Should you have any questions regarding this matter, please feel free to call me. Very truly yours, E DocuSigned by: &arj V&S 8/19/2020 266D9OE44A16468... Deris H. Bardales, P.E., P.S.M. President � r E ii; N Q tt s 1;t��liIl�tl ifs - isS s4 7 34 V1��ftift`c3}111�3{��+Sj7�il�+��Sj} `t3 z Q . z E CL yJfi 1�{i \lit, 3 D I/ �> Cf It LL \. v 11 LLI . 0 0 LU 00m LL Q w w m v ch m w ILL0 p Q 0 a� w rn �n U O �Srf IS �� CN <D cc CL % No cc cc "Q ca CL CL CD CO ,fli 0i LL LLI 0 (1) co 00 LL LLI co co LO LLI LL I- CL 0 LLI .2) U) 0 M N o CL ,p y ca �. J O O Q O C = O f - �� Cl) Et LL w 0 o00 - °0° 1 tt LL w mLL 1' LLI I- CL - _ O w f ' C t 1 cc cu cu ca CL t t + t s nt t t S�ttltt tvt r tJt �Y - - c 1 4''� t{rl�itr i Iti CD 0- {! Q o CD (D t , cn LL 0 0 w lmlvmmm0 0 co00s LL LLI LLI co `( �s mLO LL LLI Q o i ltt F w C U) O 0 LO N Q O J O 0- 2 O E 0- 0 O CD 3 cn LLw 0 w 0 0 co 00 Q = : LLU o - Q w m �� a m Gf LO w LLI- (1) 0 I- CL O - a� w rn �n U O DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F Ed ibit B. Hubone Qualification HUBZone Qualification Report View on iHUBZone a 1100 N Federal Hwy, Boynton Beach, FL 33435, USA Census Tract k r Designation Details Census Tract Tract ID: 12099006100 County: Palm-Beach County State: u FL DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F Exhibit C. Estimated Project Timeline (BC! GxrOR, PAVING & CONSTRUCTION LLC Civil Fngineering&Site Contractors 24 lomrs 8201 Peters Road Suite 1000 in tt ene.p Seer,viee Plantation, FL 33324 August 18, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, FL 33334 Re: BDH's Office Development Estimated Permitting and Construction Schedule 1110 N Federal Highway, Boynton Beach, FL 33435 Projected Schedule for BDH Consulting Group Good afternoon Mr. Simon, We would like to introduce GATOR PAVING AND CONSTRUCTION LLC, a Full Service Paving and General Contracting Company. We have been working in the industry for 38 years and can handle all Site Work and General Contracting Services for the above referenced project. BDH Consulting Group, requested us to create a permitting and construction schedule for their proposed office building which includes an ADA compliant parking lot, drainage, landscaping and irrigation with a proposed 1200 square feet building. - Permitting process 3-6 months - Construction period 4-6 months If you have any questions, please do not hesitate to contact me (954) 319-9808. Best Regards, Ron Elam (Owner) Gator Paving and Construction, LLC IrOT V, TON BE 561-375-8363 November 2nd, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4th Floor Boynton Beach, FL 33435 Letter of Intent:To Purchase and Develop the City and CRA owned Properties located at 1102& 1110 North Federal Highway, Boynton Beach, Florida Dear Mr. Simon, The Fish Depot recently inquired about the two properties located at 1102 & 1110 N. Federal prior to 1102 as showing the City's ownership. We have been in discussions to purchase the existing building we are in with our landlord since September. During our internal business meetings, it was suggested that we look at alternative locations that may be more affordable and will better fit our long-term objectives. We did not have to look too far,just out the window. Our ideal Location has been standing next door empty for a Decade or more! It was only during our search to locate the owner of 1102 N. Federal that we discovered that the City of Boynton had already taken possession of it. We have since been in the process of creating what is possible without the risk of losing our current customer base by leaving our current location and quite possibly leaving the City of Boynton Beach altogether. 1022 has been the home to The Fish Depot for well over 10 years. We have been operating the business since 2013.The location has been a Fish Market for close to 30 years. Should you choose our Proposal,you will find that we intend to create a beautiful and vibrant new location for The Fish Depot Seafood Market and add a cafe with amazing food &atmosphere.This will be the Cornerstone of the Martin Luther King Blvd. intersection for decades. It will also be our Flagship location which will define the next 10, 20 and more Fish Depot locations across the state. We are currently working with a large private investor creating this structure. We also have had the conversations and ability to secure the long-term funding required to purchase and develop the property through the SBA. IrOT V, TON BE 561-375-8363 It is no secret that this stretch of Federal Highway in Boynton Beach is not only plighted, but it is also considered a Food Desert.There are no new, vibrant and exciting places to go get something to eat in our area. We will be the start of creating an amazing revitalization of the North Federal Corridor! This project will also clear the way for another amazing new opportunity to be constructed on the 1022 N. Federal Highway property further expanding the exciting revitalization of corridor. What that will possibly be? I have no idea, but I look forward to the day when both corners on the east side on Federal Highway at Martin Luther King Blvd. are bustling with vibrant new businesses! We do intend to utilize the current CBS structure in our design plans and create a parking lot on the 1110 property to ensure adequate parking for the venture.The CBS building is sound.The Terrazzo floors show no settling cracks.The current roof is shot and will be replaced. We will also be installing an attractive arched metal roof over the entire building and current cement pad located on the north side of the building. The cement pad will become an outdoor seating area which is desired in the new norm post Covid-19.This roof will serve multiple purposes. 1. It will provide cover for the equipment located on the roof as required by city code. 2. It will provide shade. Not only for the patios seating area, but for the building itself as an added layer of insulation. 3. Its design will also provide wind protection in the eventual occurrence of tropical weather. We also intend to replace all current glass, install hurricane rated doors and windows and even add additional windows for natural light. The offer we are making to the City of Boynton is to buy both parcels combined for$500,000. We will be investing an additional estimated$250,000 to$350,000 in Improvements to the properties between our investor, SBA financing and the various CRA Grants available to the project. Either way the two properties will be substantially increasing the Taxable Value, realized increased property tax revenue and Creating a New Future of the North Federal Corridor in Boynton Beach, Florida. Sincerely, Tim Collins The Fish Depot IrOT V, TON BE 561-375-8363 1022 N. Federal Highway Boynton Beach, FL 33435 (954)415-4825 ti i a tt, p t� k kv f1i i ttnti�{7. r t;it t1} (t i Itt}ttf 7� i tJ��t�� . . s t t •t = S t(� Lkt t � �iS` 71,nd;t'ittl�is�'ht d S i ttd a rtt `z L�tY d� t^'1`� ci 1� ,G� f ,F„_ r i,,,S r44 SFt d tt trt il>a ea; ts� t at a +t t t...... t;t t t S j( l zT S m r fi �r it+s Sl �� sus e u Sl� t)s t t +} t i,,,.)� }pi S %�,.��U l�,.f S,1.L Jf� vr�'•`��.t�5 {�� }r S�lir;,it .,i?'! l� i, ��'{( t �€ 1� }.,t.-_� , 4�3+La- , �I ,}„,�,--..r -.,. `t-�. x rk t s,l ,,r s S � �z7 ��s s.�ot�, k,..�4}�5. t } c s'�?i± r sr��„ �� !s,,� � s� t, ,-R s s ��„ �'t S,.,a�rrF ti?�i��S�r�k f'��s}� iiS;,.��•s `SVt,�,,��1�s?��tl,as�,}�, y `�'\s.. {� �ArStl{�,Jsi} 1`s �+,. n{t �,,: ,tFt((�=�afl��3 `k)➢kS�, �1f7fi�ir,S�tt��;�t'it,;�if�t ry t�it,t e,,,. 4?�,+ .rifi"�til�i��l�ul;4't�r��;t' r r,��l�§ tin`t,� F � �7U ra~1l i„1� ��3��-1 fl� t tA.,}��j st t�{a {�f t \ 'tsh) �i�s�•<�`x�,7,,�i'-tht, r�1}sM•,;�� 5� S xGi��tt�+r�ti�it S��:�ilg�S„t�t 1�{s rFc tt� �;�'s 1,, F.f�"tiSt�t�t J�{�S�. �hct�t )�� Fta,��.0 �t�l� �w. Ft��'�t lS;�{i'j it��}1,�.t's..1S') )r �4 t, err rs r i s s}.f�r'vrtl �t\�(h } i�irr r�y`21s t n r r � r rr r�t r t t I P - is1 � Sd� r , t� t+� rf '1 a: qI t it a r 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: December 8, 2020 OLD BUSINESS AGENDAITEM: 15.13. SUBJECT: Consideration of Letters of Intents for the CRA Owned Property located at 1102-1110 N. Federal Highway SUMMARY: The CRA purchased 1110 N. Federal Highway for $170,000 in March 2017 (see Attachment 1). At the time of the CRA's acquisition and appraisal, there was an existing structure that added value to the commercial appraisal. After working with the City's Development Department, it was determined that renovation/reconstruction was not cost effective based on the site and building's nonconformities and the building was subsequently demolished. An appraisal for the property was completed on July 10, 2020 with a determined market value of $158,000 (see Attachment 11). At their July 14, 2020, the CRA Board reviewed a Letter of Interest (LOI) submitted by Mr. Ben Rogatinsky and Sam Rogatinsky, owners of WPBR Radio to acquire the vacant property owned by the CRA and located at 1110 N. Federal Highway. WPBR Radio is currently leasing space within the CRA District at 2755 S. Federal Highway. After discussion, the Board approved accepting the LOI from WPBR Radio to purchase the 1110 N. Federal Hwy. property under the following terms (see Attachments I II-IV): • Purchase Price - $25,000 plus $60,000 of monthly advertising space over five years • Project- 1,200 +/- square foot commercial office building, parking required elements • Project Funding - principal equity and secured construction loan • Project Timeline - approximately 14-18 months During the required Public Notice Period, a second LOI was submitted on August 18th to the CRA by the owners of BDH Consulting Group, a Boynton based company providing engineering, planning, and surveying services (see Attachment V). The terms submitted are as follows: Option 1: Purchase Price -$30,000 plus $70,000 in professional services over a ten year period Option 2:Purchase Price - $50,000 plus engineering services if future development occurs with adjacent parcels. Option 3: Purchase Price - $50,000 plus a $40,000 CRA Forgivable Second Mortgage for ten (10) years, depreciating at ten percent (10%) per year; plus engineering services if future development occurs with adjacent parcels. • Project- 1,200 +/-square foot commercial office building, parking and required elements. • Project Funding - principal equity and secured construction loan • Project Timeline -approximately 14-16 months On August 22, 2020, the CRA received a revised LOI from WPBR Radio with the following terms (see Attachment VI): Option 1: Purchase Price: $35,000 plus $70,000 in advertising over a ten year period Option 2: Purchase Price: $55,000 plus $45,000 in advertising over a ten year period At the September 8, 2020 CRA Board meeting, the Board approved to table the item to the October 13, 2020 the to allow the two proposers to work together on the redevelopment of both the 1102 and 1110 N. Federal Highway properties and to coordinate with the City's disposal of the property as a result of the Settlement Agreement between the City and the property owner of the adjacent property to the south, 1102 N. Federal Highway (see Attachment VII). Ownership of the 1102 N. Federal Highway was transferred to the City (see Attachment VIII) on September 30, 2020 and on November 4, 2020 the City transferred ownership of the 1102 N. Federal Highway to the CRA (see Attachment IX). On November 6, 2020, the CRA received a third LOI from Mr. Tim Collins, the owner of Fish Depot, a restaurant located at 1022 N. Federal Highway (see Attachment X). The following terms have been proposed: • Purchase Price - $500,000 for both the 1110 and 1102 N. Federal Highway properties • Project- Convert the existing 1,980 square foot building to a for a retail seafood market and a cafe • Project Funding - Private investor, long-term SBA funding, and CRA grants ($250,000- 350,000 additional improvements) • Project Timeline - not indicated At its meeting on November 10, 2020, the CRA Board accepted ownership of the 1102 N. Federal Highway property and authorized the public notice to dispose of the property. The disposition of property was publicly noticed on November 12, 2020. WBPR Radio and BDH Consulting Group have indicated to CRA staff that they have reached an agreement to form an entity with the financial and professional capacity to redevelop the two properties as one integrated project to accommodate both businesses in accordance with the City's land development requirements (see Attachment XI). CRA staff has had discussions with the City's Planning and Development staff and have confirmed the feasibility of the preliminary integrated site concept. Representatives of the entities will be available at the December 8, 2020 meeting to answer any questions the Board may have with respect to their development proposal. Under the CRA Board's Unsolicited Letter of Intent (LOI) to Purchase Policy, if a second unsolicited LOI is received during the Public Notice Period, the Board could determine 1) that a Request for Proposal should be issued; 2) accept one LOI and move into further negotiations; or 3) reject any and all LOls submitted to the CRA(see Attachment XII). FISCAL IMPACT: To be determined by the CRA Board. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan, Federal Highway District CRA BOARD OPTIONS: To be determined by the Board by the CRA Board. ATTACHMENTS: Description D Attachment I - Map of 1102-1110 N. Federal Highway D Attachment II -July 2020 Appraisal D Attachment III -July 14, 2020 WPBR Radio Letter of Intent D Attachment IV -July 14, 2020 WPBR Construction & Cost Estimate D Attachment V -August 18, 2020 BDH Consulting Group, Letter of Intent D Attachment VI -August 22, 2020 Revised WPBR Radio Letter of Intent D Attachment VII - Excerpt of September 8, 2020 CRA Board Meeting M inutes D Attachment VIII - Executed Eckols Settlement Agreement and Deed to the City of Boynton Beach D Attachment IX - 1102 N. Federal Highway Land Transfer to the CRA(Resolution R20-122) D Attachment X - November 6, 2020 Fish Depot Letter of Intent and Plans D Attachment XI - December 4, 2020 WPRB and BDH Consulting Group Progress Report D Attachment XII -CRA 2017 Letter of Interest Policy 1110 N. Fed. Hwy. _C RA Pro ?e rty rt tri i 4 t z 1 SS{ fr h f � i v a { r I , G06 va 4 Au n gust 24,2020 1"576 0 0.00475 OD095 0,019 M-1 0 0.0075 OD15 0.03 km APPRAISAL REPORT VACANT LAND 1110 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 July 10, 2020 Vance Real Estate Service sf, July 10, 2020 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 - i i RE: Vacant Land, 1110 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 July 10, 2020. 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 2020-2021). This report is for exclusive use of the client for possible sale 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 FIFTY-EIGHT THOUSAND DOLLARS $158,000 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT WITH SIXTY-SEVEN(67) 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 in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h 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 P otograp s o Subject t e Property 5 1-3-5 Mile Location Map 8 1-3-5 Mile Demographic Statistics 9 Summary of Important Facts and Conclusions 11 DESCRIPTIONS ANALYSES & CONCLUSIONS 12 I entity of Client and Intended User 13 Intended Use 13 Identification of Real Estate Appraised 13 Ownership 13 Property Address 13 Legal Description 13 Real Estate Tax Analysis 14 Market Area Description 15 Zoning 20 Site 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 24 Highest and Best Use 24 SALES COMPARISON APPROACH-LAND VALUATION 27 Land Sales es map 28 Land Sales documentation 39 Land Sales Comparison & Adjustment Chart 41 Valuation by the Sales Comparison Approach 42 FINAL VALUE OPINION 46 Certification and Limiting Conditions 47 ADDENDA 49 Foo zone determination 50 Acquiring deed for the appraised property 51 "C-3" & "C-4" zoning information 53 USPAP Standards Rule 2-2a 56 Qualifications of the Appraisers 59 INTRODUCTION r r Ii y3 ti1`l�r� Y i s�s�3 ,tyl r Np Y rIN,!r j t �} a LO k 111 Y i i 4 i t` lrrr IFS r �I t aS f`t�}) IJk yfp'�V � i ti i 4 � r NORTH FEDERAL HIGHWAY, LOOKING SOUTH r � y t rt � qp er t� y m N I N X 1 ' NORTH FEDERAL HIGHWAY, LOOKING NORTH 6 *�I '40� tall), F y H Sgt: ,• O QI t � i s„ S s' c PPI : 5!P)riag0 Worthy G ki�ed611 olf a;s Shm 1 tt n ru r Kinos PbinAP �l I 1-3-5 Mile Radii from the Valued Real Property 1110 N. Federal Highway Boynton Beach, Florida 33435 8 • Gesn" 1110 N. Federal Highway, Boynton Beach, Florida 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 13,714 68,475 157,685 2010 Population 13,889 77,108 175,363 2020 Population 16,131 86,332 194,062 2025 Population 17,778 92,444 205,996 2000-2010 Annual Rate 0.13% 1.19% 1.07% 2010-2020 Annual Rate 1.47% 1.11% 0.99% 2020-2025 Annual Rate 1.96% 1.38% 1.20% 2020 Male Population 49.1% 47.8% 47.6% 2020 Female Population 50.9% 52.2% 52.4% 2020 Median Age 41.0 44.8 47.4 In the identified area, the current year population is 194,062. In 2010, the Census count in the area was 175,363. The rate of change since 2010 was 0.99% annually.The five-year projection for the population in the area is 205,996 representing a change of 1.20% annually from 2020 to 2025. Currently, the population is 47.6% male and 52.4%female. Median Age The median age in this area is 41.0, compared to U.S. median age of 38.5. Race and!Ethnicity 2020 White Alone 44.1% 59.7% 64.1% 2020 Black Alone 48.5% 31.5% 26.7% 2020 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2020 Asian Alone 1.1% 2.0% 2.3% 2020 Pacific Islander Alone 0.0% 0.0% 0.0% 2020 Other Race 3.3% 3.7% 4.0% 2020 Two or More Races 2.6% 2.8% 2.7% 2020 Hispanic Origin (Any Race) 14.8% 18.1% 18.5% Persons of Hispanic origin represent 18.5% of the population in the identified area compared to 18.8% 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 66.3 in the identified area, compared to 65.1 for the U.S. as a whole. Households 2020 Wealth Index 80 90 107 2000 Households 5,155 29,982 69,087 2010 Households 5,263 33,236 75,718 2020 Total Households 6,239 37,167 83,375 2025 Total Households 6,923 39,775 88,359 2000-2010 Annual Rate 0.21% 1.04% 0.92% 2010-2020 Annual Rate 1.67% 1.10% 0.94% 2020-2025 Annual Rate 2.10% 1.37% 1.17% 2020 Average Household Size 2.58 2.29 2.30 The household count in this area has changed from 75,718 in 2010 to 83,375 in the current year, a change of 0.94% annually. The five-year projection of households is 88,359, a change of 1.17% annually from the current year total. Average household size is currently 2.30, compared to 2.29 in the year 2010.The number of families in the current year is 47,844 in the specified area. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. 3uly 11, 2020 9 • Gesn" 1110 N. Federal Highway, Boynton Beach, Florida 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Mortgage';Income 2020 Percent of Income for Mortgage 19.8% 17.6% 18.7% Median Household Income 2020 Median Household Income $48,947 $54,653 $57,241 2025 Median Household Income $53,656 $58,542 $62,208 2020-2025 Annual Rate 1.85% 1.38% 1.68% Average Household Income 2020 Average Household Income $73,852 $77,895 $83,186 2025 Average Household Income $82,404 $85,828 $92,194 2020-2025 Annual Rate 2.22% 1.96% 2.08% Per Capita Income 2020 Per Capita Income $29,352 $33,756 $35,765 2025 Per Capita Income $32,906 $37,154 $39,560 2020-2025 Annual Rate 2.31% 1.94% 2.04% Households by Income Current median household income is$57,241 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $62,208 in five years, compared to $67,325 for all U.S. households Current average household income is$83,186 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $92,194 in five years, compared to $99,510 for all U.S. households Current per capita income is $35,765 in the area, compared to the U.S. per capita income of$34,136. The per capita income is projected to be $39,560 in five years, compared to $37,691 for all U.S. households Housing 2020 Housing Affordability Index 117 128 121 2000 Total Housing Units 6,207 36,122 82,365 2000 Owner Occupied Housing Units 3,402 21,640 52,470 2000 Renter Occupied Housing Units 1,753 8,342 16,616 2000 Vacant Housing Units 1,052 6,140 13,279 2010 Total Housing Units 7,027 42,450 94,178 2010 Owner Occupied Housing Units 3,174 21,476 53,318 2010 Renter Occupied Housing Units 2,089 11,760 22,400 2010 Vacant Housing Units 1,764 9,214 18,460 2020 Total Housing Units 8,173 46,064 101,248 2020 Owner Occupied Housing Units 3,620 22,981 56,669 2020 Renter Occupied Housing Units 2,619 14,185 26,706 2020 Vacant Housing Units 1,934 8,897 17,873 2025 Total Housing Units 8,983 48,964 106,631 2025 Owner Occupied Housing Units 3,850 23,977 58,864 2025 Renter Occupied Housing Units 3,073 15,798 29,494 2025 Vacant Housing Units 2,060 9,189 18,272 Currently, 56.0% of the 101,248 housing units in the area are owner occupied; 26.4%, renter occupied; and 17.7% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 94,178 housing units in the area - 56.6% owner occupied, 23.8% renter occupied, and 19.6% vacant. The annual rate of change in housing units since 2010 is 3.27%. Median home value in the area is$256,466, compared to a median home value of$235,127 for the U.S. In five years, median value is projected to change by 2.35% annually to$287,996. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. 3uly 11, 2020 10 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Vacant land 1110 North Federal Highway Boynton Beach, FL 33435 OWNERSHIP: Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 LAND AREA: Approximate width is 66 feet; maximum depth is approximately 95 feet. Lot size is approximately 6,033 square feet. Note: dimension and size are from public records. No sketch of survey is available for review. BUILDING IMPROVEMENTS: None ZONING: "C-4", General Commercial District in the city of Boynton Beach LAND USE: General Commercial CRA FUTURE PLAN: Mixed Use - Low Density APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant HIGHEST AND BEST USE: Small commercial building or assemble with adjacent land for a larger mixed use project of office, retail and residential uses VALUE BY THE SALES COMPARISON APPROACH: 6,033 square feet x $26.17 per square foot of land= ONE HUNDRED FIFTY-EIGHT THOUSAND DOLLARS 158 000 VALUATION DATE: July 10, 2020 Exposure Time: 12 months prior to selling at the appraised value Marketing Time: 12 months immediately following the effective date of appraisal during which time the subject property could sell 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 2020 - 2021) 2-2(a)(i) State the identity of the client; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the identity of any other intended users by name or type; None 2-2(a)(iii) State the intended use of the appraisal; The intended use of the appraisal is for possible sale of the appraised property. 2-2(a)(iv) Contain information, documentation, and/or exhibits sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Ownership: Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 Property Address: 1110 North Federal Highway Boynton Beach, FL 33435 Legal Description: Parts of Lots 20, 21 and 22, Block 2, LAKE ADDITION OF BOYNTON BEACH, Plat Book 11, page 71, Palm Beach County, FL (Complete legal description in the acquiring deed in the Addenda.) 13 APPRAISAL REPORT (continued) Census Tract No. 61 Real Estate Tax: Parcel Control Number: 08 43 45 2132 0020211 Land Value: $85,683 Improvement Value: -0- Total Value: $85,683 Assessed Value: $85,683 Ad Valorem Tax: $ -0- Boynton Beach Community Redevelopment Agency (BB CRA) purchased the appraised property in 2017. The following tax year, the property was exempt from taxation because it is owned by a governmental agency. Therefore, no real estate tax is paid by the property owner. After purchase, the BB CRA had the building on the site demolished and removed. Hence, the county property appraiser eliminated the allocated portion of the county's value to the improvement, leaving the allocated portion for land which is $85,683. When a property is exempt from taxation, the market value assigned to it by the county appraiser may not be current or accurate. The appraised value of the property in this report is $158,000, greater than the market value ascribed by the county property appraiser. The appraised value is based on current sales of similar properties. Flood Zone: Zone "Y', according to Map Number 12099C0791F. Zone "X" is not in a Special Flood Hazard Area. 14 APPRAISAL REPORT (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. Those few which were constructed in the early 1920s that are still in use have had repairs and replacements over the decades changing their historical significance. 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. 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 town 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. There are three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Boca Raton, Palm Beach County, and Aventura and the Port of Miami, Miami-Dade County will be the next depots. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. 15 APPRAISAL REPORT (continued) The subject market area is comprised of the Boynton Beach CRA districts of Federal Highway, North and South, and the Downtown district inbetween. One district blends into the next, extending north-south through the city. Federal Highway is the main north-south artery through the municipality. It is also known as US Highway 1 and is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Heavily trafficked Federal Highway is a catalyst to redevelopment of the market area, with over 2,300 residential dwelling units in five projects either built or planned. Highway beautification projects enhanced the aesthetics of the market area. Individual 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 continue to facilitate revitalization of the subject market area. Primary east-west artery in the subject market area is Boynton Beach Boulevard, with Ocean Avenue to the south as a secondary thoroughfare. Boynton Beach Boulevard is the principal east-west artery in city, having interchanges with Interstate 95 and Florida's Turnpike. Boynton Beach Boulevard commences in the east at US Highway 1, just to the east of the FEC Railroad. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. 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 and the Atlantic Ocean. 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. To the northwest of the Downtown District and 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. 16 APPRAISAL REPORT (continued) 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 2019 in the one-mile radius is $48,947, for three miles it is $54,653, and $57,241 for the five mile circle. Median household income for Palm Beach County is $54,400. In the one-mile circle, population is 16,131. In three miles, population increases to 86,332; at five miles, it is 194,062. However, about one-third of the three and five mile circles are over the Atlantic Ocean and waterways. Annual growth rate is anticipated to be 1.20% to 1.96% in the three circles, during the next five years as the economy and job market recovers in South Florida and new multi-family residential complexes are constructed. 56% of the housing units are owner occupied, with 26% rented. This percentage of renters is high for Palm Beach County because there are numerous multi-family dwellings in this vicinity. Vacancy is reported to be 18%; however, this amount is elevated due to the undercount of the other two categories as some residents are seasonal and not counted. Median home value in the five-mile area is $256,466 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$235,127 in the United States. Economic Trends In South Florida, as in the rest of the United States, real estate prices climbed from 2003-2006. In 2007-2008, concerns were expressed about an unsustainable upward price trend in the market. Then, the economic collapse came in fall of 2008 along with the crash in real estate prices. In 2009, there were very few sales of any type of real estate. By 2010, it appeared that the worst was over. Cash buyers started making purchases. From 2013 to present, sales activity and prices recuperated. The upswing in prices is due in part to scarcity of developable land, especially in the eastern part of the county. Properties in primary locations are back to pre-crash prices; other properties are approaching that level. 17 APPRAISAL REPORT (continued) The life cycle stage of the market area is revitalization, a period of renewal, modernization and increasing demand. Revitalization in the CRA is taking place along US Highway 1, in the part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, consisting of 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, 15,757 square feet of commercial space, plaza, 644-space parking garage, et cetera. At 623 S Federal Highway, The Club of Boynton Beach is a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession halted those plans. At 2923 S Federal Highway, Daniel Heart Center is replacing an old strip store center by renovating the buildings. In addition to completed and approved projects, a large redevelopment site is under contract to be purchase located on the east side of Federal Highway at SE 1 Avenue, Boynton Beach. The 2.85 acres of land is an assemblage of 10 properties with numerous owners. Issues would have to be addressed such as demolition of existing buildings, unity of title, right-of-way abandonment, density of dwelling units, et cetera. The confidential contract price could change due to contingencies based on these and other issues. However, this assemblage is an example of the revitalization of the subject market area. Town Square, a major redevelopment project to the west of Federal Highway is under construction 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 were 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 18 APPRAISAL REPORT (continued) 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. In the Heart of Boynton CRA district, Ocean Breeze East is under construction at 700 North Seacrest Boulevard. The development is an affordable apartment project containing 123 units, retail space, clubhouse and swimming pool. The project came about by the Boynton Beach Community Redevelopment Agency selling the land and the Florida Housing Finance Corporation and TD Bank providing the financing. Also in the Heart of Boynton CRA district will be apartments and retail buildings on Martin Luther King, Jr. Boulevard east of Seacrest Boulevard. Land will be forthcoming from the Boynton Beach CRA and financing from the State of Florida will be similar for the developer of this project. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city. The CRA envisions the Federal Highway and Downtown Districts to have a future land use of mixed uses with various densities. The transformation of the area is in progress. Development of real estate takes time and the right market conditions which have been positive. Upward price trend for property in the subject market area will resume when the economy stabilizes and there are visible signs that projects are moving forward. Land Use: General Commercial Proposed Land Use: Mixed Use, low intensity CRA District: Federal Highway North 19 APPRAISAL REPORT (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 6,033 square feet, appearing to meet the size standard in the "C-4" district. Site Description: The shape of the site is a quadrangle. Approximate dimensions and size are from public records. North boundary on adjacent property: 86 feet East boundary on adjacent property: 65 feet South boundary on adjacent property: 95 feet West boundary on N Federal Highway: 66 feet Total: 6,033 square feet Utilities: All utilities are available to the site. Access: The site is accessible via North Federal Highway. North Federal Highway is a four-laned road with a raised, landscaped median, sidewalks, street lights and storm drains. Easements: Easement are unknown; however, utility easements are typically around the perimeter of the site. Improvements: There are no structural improvements on the site. 20 APPRAISAL REPORT (continued) Environmental Assessment: There is no Phase I Environmental Site Assessment to review. 2-2(a)(v) 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)(vi) 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 10, 2020. 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 terms of sale(e.g.,cash,cash equivalent,or other terms); 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 as follows. 21 APPRAISAL REPORT (continued) 1. buyer and seller are tvpically 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. Jenniwl 518 So.2d 895 (Fla. 1987)] 2-2(a)(vii) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: July 10, 2020 B) Date of the Report: July 10, 2020 2-2(a)(viii) 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 appraisers inspected 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 appraisers' plant. 22 APPRAISAL REPORT (continued) 2-2(a)(ix) Summarize the extent of any significant real property appraisal assistance; The two signatory appraisers are the only people involved in the appraisal process. 2-2(a)(x)(I) Summarize the appraisal methods and techniques employed; (2) State the reasons for excluding any of the valuation approaches; (3) Summarize the results of analyzing the subject sales, options and listings; (4) State the value opinion and conclusion (5) Summarize the information analyzed and the reasoning that supports the analyses, opinions, and conclusions For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. The information analyzed and the appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Cost Approach is not used because no structures were considered in the valuation. The Income Approach is not employed in this appraisal because most sites like the subject are purchased and not leased. Exclusion of these approaches to value still produces a creditable report. The value opinion and conclusion is stated at the end of the Sales Comparison Approach—Land Valuation. 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 of sale, options or listings of the subject 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. Boynton Beach Community Redevelopment Agency acquired the appraised property from The Alpine Seven Company on March 15, 2017 for $170,000. The property was improved with a store when purchased. Subsequent to the sale, the BB CRA demolished and removed the improvement. 2-2(a)(xi) State the use of the real estate existing as of the effective date and use of the real estate 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)(xii) When an opinion of highest and best use was developed by the appraiser, state that opinion and 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 approximately 6,033 square feet. It has an interior location in the block, one lot north of 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. Physical constraint to develop the site is its size which governs the number of potential improvements 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. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT 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 appears to meets the size standards for the "C-4" district as a stand-alone site or it could be assembled with adjacent land for a larger development. City officials make the determination as to the legally permissible use of the land. 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. Financially feasible use for the subject is either for a small stand-alone commercial property or to assemble it with other properties in the subject block for redevelopment of a mixed use 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 taking place. 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 lots in the subject block to construct 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. 25 APPRAISAL REPORT (continued) 2-2(a)(xiii) 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)(xiv) Include a signed certification in accordance with Standards Rule 2-I See signed certification in report. 26 SALES COMPARISON APPROACH LAND VALUATION i t �I LAND SALE LOCATION MAP WIW g I I r icy rk .� 7s ` LAIfESIQE H.3R,@QufL, C �. � u II z bI� `C9ITESMA T'6L�L7.-� . � Sv 114i v I� 'w i'f I� &n INPa f f{ C � Im I� z EAST RIQGE CIRS r —F 19TH.AVE NE NE 20TH LN j j 18TH AVE NE im' h [OAK I�tt oAK ST 11�I rLA50 _ m (h MANATEE BAY QR ISLANd❑R C]r` in 15TH PL r' Z©a }} A Nw YZTH aVE Ell I I xs i Ali I� II { �LNW 9iHiA x NE;4TH AVEC f� .. J7, z _Nw 8TH AVE 1 iy� z 1� r� z ..I; _ NE 7TH AVE--i I Iz 't NESTHAVE z .sd"1'i II II. r „I: s 'I- t� Ip tx f7 NE 4TH AVE�y s z 51 .� r rn" �eii Icn Ni w 1ST STS,-. _ 7 � NEl`3RQ�VE qt _moi iI IIF h —Y��4 I; EI@QYNTON BEACH-BL D- plt ,Iii L i II INE 1sT rr w.00EAN A'�dE E f]CEAN�AfE� a_Fn OCEAN FIVE o I sI �' 7 i"f' Ilr�' ISE YST AVE ' �l ( I� HUDSON AVE [ Boynton Bach Yid 'm 4j _w, — �n yrs SALE �. cn cn I� gy BfH AVE—��.. ��_ i _.I ll z Inl `n- i si SALi 2 _. :.A $,E STH—;AVE ,m;i � Jl I SEI p1- HARBOUR:dRiN It 544 1UTHrAVE SE Y SALE '. j y HAOUR ASBURY:uVAY Y r > SW — RB "�' 11TH JAV E �s I ,r= SE12TH AV,E 5LN 12TH'AVE 1[ _ I� NORTON'S WAY �" WAY z sv 1-STH AVE =I SALE 4 1 i 544 Y4.TH AVE li __�{ 1 '.ipr'��❑ ' Lh�WV QO LBRIC,HT R�� f th, tI SALE 5 1 x m I NORTH BLVD SOUTH EL_VQii L �� r I SE15T,CII �I 1 js �aRL AVE w 7 n �iQ�r F- SEI123RD � rnn, S.25TH AVE Ij~�i CORAL Rd sti,ii L'R LITTLE CLUB Rd '4 � r''= �Ir ]C ij ft Data use subject to license. 0 DeLorme.DeLorme Street Atlas IUSAO 2G 9. 0 800 1580 2400 3200 4000 www.delorme.com MN(6.9°W) Data Zoom 13-4 28 VACANT LAND SALES SALE NO. 1 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. 29 s LA D SALE 1 415, 421 & 425 SOUTHEAST 5 AVENUE BOYNTON BEACH, FL 30 VACANT LAND SALES SALE NO. 2 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. 31 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 2 601 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 32 VACANT LAND SALES SALE NO. 3 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. 33 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 3 1111 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 34 VACANT LAND SALES SALE NO. 4 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. 35 �4 y a p ' LAND SALE 4 1320 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 36 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lengthy legal description. (see deed) RECORDED O. R. Book 30928,Page 1197 GRANTOR Stanley Gundlach et al GRANTEE Boynton TRC LLC DATE OF SALE September 30, 2019 LOCATION 525 Southeast 18 Avenue Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, low intensity CRA District Federal Highway District—South SALE PRICE $325,000 LAND SIZE 15,612 square feet UNITS OF COMPARISON $20.82 per square foot of land PARCEL CONTROL NO. 08 43 45 33 000 1310 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Walter Dinardo for grantor COMMENTS Vacant parcel on a side street adjacent to a community shopping center. 37 CFN 20190362401 OR BK 30928 PG 1197 RECORDED 10/03/2019 08:54:50 Palm Beach County, Florida AMT 325,000.00 DEED DOC 2,275.00 Sharon R. Bock CLERK&COMPTROLLER Pgs 1197-1198; (2Pgs) Prime and return to: Ryap Clea Title& Escrow ILC 814 W n2 Road#2B Lantana 462 561-600-0 File Number: CAAP219 r\ [`,pace Above'1 "err R,_xording Data) Warranty Deed This Warranty � ade this 30th day of September, 2019 between Stanley J. Gundlach, a married man whose post office address is 1. P k lane East, Hypoluxo, Floria 33462 and Walter L. Dinardo, a married man whose post office address is 5810 C c Drive, Lake Worth, Florida 33463, grantor, and Boynton TRC, I..I.C, a Florida limited liability company whose p st o ice address is 4768 Nolina Lane, Boynton Beach,FL 33436,grantee; (Whenever used herein the ten-ns "g and "grantee" include an the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assi orporations,trusts and trustees) Witnesseth, that said grantor, f �i consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to for in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained., and sold to grantee, and grantee's heirs and assigns forever, the following described land, situate, lying and being in Palma 18each Florida to-wit: The North 125 feet off the Soutthh feet of the Last one-halt'(E 1/2) of the Northeast quarter (NF 1/4) of Section 33, Township 45 S(paat , Range 43 East, lying West of the Dixie Highway, (U.S. Highway No. 1). LESS AND EXCEPT the following xcluded from that certain deed dated July 11, 1952 recorded in .Deed Boole 987,Page 467, ublic Records of Palm Beach County, Florida,to wit: Beginning at the intersection of the North sne of said Tract with the West line of Dixie Highway(U.S. Highway No. 1); then run West along the North line of said Tract for a distance of 256.54'; then rags dace South a distance of 125' to the South line of said tract; then due East along said South line to the West line of Dixie Highway; then Northerly along said West line to the point of beginning. ALSO LESS AND EXCEPT any portion of the subject lased located West of the.Eastern boundary of the lands described in that certain deed recorded in official Records Book 2315, Page 387, Public Records of Palm Beach County,Florida, Parcel Identification Number: 08-43-45-33-00-000-1310 Grantor's, Stanley J. Gundtach and Walter L. Dinardo, warrant that at the time of this conveyance, the subject property is not the Grantor's homestead within the meaning set forth in the constitution of the state of Florida, nor is it contiguous to Or a pan: of homestead property. Grantor's residence and homestead address is: 129 .Park Lane East, Hypoluxo, Florida 33462 and 5810 Cadillac Drive, Lake Worth, Florida 33463,respectively. Together with all the tenements,hereditaments and appurtenances thereto belonging or in anywise appertaining. To Have and to Hold,the same in fee simpie ft)rcvcr. 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 soil.and convey said land;that the grantor hereby fully warrants the title to said 38 DoubleTirnea CFN 20190362401 BOOK 30928 PAGE 1198 2OF2 ]and an ill defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encu except taxes accruing subsequent to December 31,2018. In wit thereof,grantor has hereunto set grantor's hand and seal the day and year first above written. Signed, seal�and livered in our presence: Wi i,ie s Name: SaLStanley J. Gun ss Name:; Witness Name: l e . Dmardo Witaess Name: . State of Florida Its-- County of Palm Beach The foregoing instrument was acknowledgedme this 2D�day of September, 2019 by Stanley J. Gundlach, who [_) is personally known or[X]has produced a dri �license as identification. [Notary Seal) _SSP.eus c; AMIE STEN?ERC NerTary Pu is MY GQPv�M!SSIOiV r GG 2US898 t F � := EYP[RES:june 8,2x22 Print Name: Bonded Thru Noiary Public Urnderm;ers g My Commission Expires: State of Florida County of Palm Beach The foregoing instrument was acknowledged before me this ay of September, 201.9 by Walter L. Dinardo, who [] is personally known or[X]has produced a driver's license as identification. [Notary Seal] Nowt blic _ PI d ame: Zas.r.Ue••. JAMIESTEiN$ERG SAY CON�M1S510fV#GG 2Q9898 EXPIRES:June 8,LQ22 My Commission Expires: i E?r+;°• 6ondr-d Tbru Notary Pub?ia Underwriters 39 tt I i Ott � d i 1 t i LAND SALE 5 525 SE 18 AVENUE BOYNTON BEACH, FL 40 a = U y d Vf O N M N M N M N N N NtA LL N VI Q • -a Ln O O N 00 O a N O N M l0 O Q U Ln cM-I l�0 `a a r^ M �D M Q jn c-I i/? i/? i/? r w c m o u- m u- ti ti +• O � O : o � O M m in a in a +� a in a ri ° 0 W W W W M C a -------------------------------------------------------------- v in O O LI) LI) N O O N r-4 VI O" N 07 O cl _ kpO M M y d In M N c m ko E Q � c imn V) iko mn 'v Q o oo m n O rn rn n LnLn it M 00 +0 Ln ON + 07 + o6 Ln O cl N rlj m ccN Ln O O 00 O OD = 7 m m m m C = U U U u U U (j N _ M r� O l0 N M I LL.I N ON = kc U7 MO -i QUI c-I N In N In F N N N c-I N c-I Q 00 r� n n Q1 O JI N O W Q N F O O O O O \ z Q Q 0000 in c\-� c\-� O N O to O CW ti n � rn rn > \ G O O O O O O N N N N D WW_j u O a O a O a O a O a O Q Q OC cti O Ln `ti O O N c\-� N N m DD IAI 0- cl M N 00 O lD N 00 > lDrl M In M i..� -L/) r.4 c-I N i/? N V) i/? ON z V) i� V) i/? r-4 i/? O N > N N N M' N N m Q v_ m 3 a 3 a y 'v 3 a = `o = `o `o = `o :3 `o =ao `o SLL LL = LL LL LL = LL G = _ 0 W 1A U ji uj m i U i U i U QM Ln 00 U y i U J JI to m N m M N m m ui m �� W m Q N O LL O LL O LL O O u1 LL O y� r vi r of r V1 r r z r 14 N a rj 1A a O a z C m Im m `4 m M m m 14m Q 14 14 J 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 a vacant site at 1110 North Federal Highway, Boynton Beach, FL. Land size is 6,033 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 or close to Federal Highway which are either vacant or will soon will be. Of the properties reviewed, the five which are more similar to the subject are cited in this report. Details of the transactions 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 $20.82 to $28.30 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 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. (Continued) 42 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. 1 were in cash, which is the most common form of payment for vacant land. The grantor of Sale 1 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. 1 is at the top end of the range, suggesting the financing have an effect on the amount paid. However, there are old improvements on the site that have to be demolished and removed before redevelopment of the site. The demolition and removal will be an expense to the buyer, off-setting any monetary advantage gained by the financing. Hence, no adjustment is made for this element of comparison to the sales. 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. Sales 1, 2, and 4 were purchased by Exsorro One, Inc. Sale 2 consists of two adjacent parcels which were purchased at one time. Motivation of this grantee appears to be similar to others who have made purchases in the area over the years which is to assemble sites large enough for development of mixed use, higher density projects. (Continued) 43 LAND VALUATION (Continued) Conditions of sale of these 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 condition of sale. Motivation of the grantees of Land Sales 3 and 5 seem to be to purchase the land for stand-alone projects, though also in a market area which is in a period of renewal and modernization. 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. There is an upward trend in real estate prices in the subject market area due to the revitalization supported by the Boynton Beach Community Redevelopment Agency and to scarcity of developable parcels. The upward trend exceeds the annual inflation rate of 2%per year. Each of the land sales is adjusted upward 3% annually for market conditions to the effective date of appraisal. The amounts of the adjustments are shown on the chart. Adjustments for transactional elements of comparison were considered; now, property elements of comparison are addressed. 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, etcetera. 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) 44 LAND VALUATION (Continued) All of the sales are located fronting or near Federal Highway in Boynton Beach; all are in the Boynton Beach Community Redevelopment Area along with the appraised site. Sales 1, 2, and 3 are in the CRA Downtown District. Nos. 4 and 5 are in the CRA Federal Highway South district. The parcel concerned is in the CRA Federal Highway North district. Significance of being in a CRA district is that they are eligible for programs and support from the Boynton Beach Community Redevelopment Agency. Zoning for the land concerned is "C-4", General Commercial, with a minimum lot size of 5,000 square feet. Land Sales 1, 2, 3 and 5 are zoned "C-3", where the lot size is a minimum of 15,000 square feet. Land Sale 4 is in the "C-1" district, with a minimum lot size of 9,000 square feet. The square foot size of all of the sites meets the minimum standard for their districts. The subject"C-4" district permits more uses than the other two. Land Sale 1 is located one block west of Federal Highway and two blocks south of Ocean Avenue where revitalization is evident with new projects of 500 Ocean and Town Square. For Sale 1, proximity to the redevelopment off-sets no Federal Highway frontage. Land Sales 2, 3 and 4 border Federal Highway. Land Sale 5 is on SE 18 Avenue, a local road. It was previously improved with a residence that has been demolished and removed. Although adjacent to a shopping center,the site is not part of it. The parcel is not visible from Federal Highway. Location of No. 5 is inferior to the other land sales and subject. It is adjusted upward a nominal 10%to recognize this difference. 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 6,033 square feet; smallest in the data set,yet of sufficient size to meet the "C-4" zoning standard. The 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. There are minor differences among the physical characteristics of the land sales and the parcel concerned; however,they are not significant enough to warrant quantitative adjustments. (Continued) 45 LAND VALUATION (Continued) Use For sites to be comparable, they should have similar uses. Use for the subject and sales could be smaller commercial buildings; although, larger mixed use projects, possible by assemblage of properties, would adhere to the CRA redevelopment plan. No adjustment is called for this element of comparison. FINAL VALUE OPINION Following is a summary of the adjusted square foot unit prices for the five sales: Land Sale Adjusted Sale Price/ Square Foot 1 $30.42 2 $25.95 3 $23.97 4 $27.02 5 $23.47 The range of unit prices is from $23.47 to $30.42 per square foot of land. Since each of the land sales has already been adjusted to the land appraised, equal weight is placed on each sale for the final value opinion. Considering the characteristics of the land under appraisement and the foregoing discussion,the unit value for the subject is $26.17 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for land in 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 July 10, 2020 is: $26.17/sq.ft. of land x 6,033 square feet = 158 000 ONE HUNDRED FIFTY-EIGHT THOUSAND 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 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 II 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 8, 2020. 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 10,2020 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 July_ 10,2020 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. I. 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 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,unless excepted. 4. Legal descriptions and property dimensions have been f m-iished 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 cant'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 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 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 perform 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 10,2020 � GGl'oallolwm— Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 July 10,2020 48 ADDENDA c: FEMA Flood Map Report The pin displayedon the map is an approxa mate point selected hytha user i and Coes not �i rr represent an authontative property a rvm r ITS. location. .SPECIAL FLOOD HARD ARS Without Base Flood f; Elevatmn(B PE)Zone A.V,A.199 " � ��fsz�uilu t�1Trh �r t c VgthBFEorDepth Zone AE,.,AD,AH,VE,. nt AR Regulatory Floodway OTHER AREAS OF FLOOD i HAZARD, 0.2%Annual Charzee i o `�a Flood Hazard,Areas of 50 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 Siegel,Esq. Siegel Si & Wright 1600 th ie Hwy Suite 300 Boca R L 33432 561-620- a File Numbe : pine Seven Will Call No.. �o [Space Above This Line For Recording Data]_ arranty Deed O This Warranty Deems made this 15th day of March, 2017 between The Alpine Seven Company, Inc., a dissolved Florida corporation whost office address is PO Box 700, Boynton Beach, FL 33425-0700, grantor, and Boynton Beach Community Redev went Agency, a public agency whose post office address is 710 N. Federal Highway, Boynton Beach, FL 33435,grte (Whenever used herein the terns "grant) "grantee" include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assigns rations,trusts and trustees) ,.,��Q Witnesseth, that said grantor, for sideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to sat r r in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained, and sold to the antee, and grantee's heirs and assigns forever, the following described land, situate,lying and being in Palm Beach Co I rida to-wit: The North 66 feet as measured t ri 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 r� 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: 08-43-45-21-32-002-0211 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. 51 DoubleTime® CFN 20170094923 BOOK 28957 PAGE 1338 2OF2 In Wit s Whereof, grantor has hereunto set grantor's hand and seal the day and year first above written. Signe eat nd delivered in our presence: O 1 The Alpine Seven Company, Inc., a Florida for profit !j 011 corporation Witness Name: Mardy Powell,Wresident g r Witness Name: (Corporate Seal) �n State of Florida //S p County of Palm Beach The toregoing instrument was AcicnowI efore me this 15th day of March,2017 by Mardy Powell of The Alpine Seven Company, inc., a Florida for profit carpo t on behalf of the corporation. He [ is ennalh ]crown to me or [X]has produced a driver's license as identification. ( [Notary Seal] ta.'ry Public h Printed Name: Spehker B Siegel, Esq. MY COMMISSION#FF 956663 My Commission Expires: May 15,2020 :e EXPIRES:May 15,2020 : yFyR sanded Thtu No4ary Public UndarwMere Warranty Deed-Page 2 52 DoubleTime® 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.D. 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 feet2 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 53 Maximum structure height: 45 feee 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z Where rear yard access is available from a public street or alley,rear yard maybe 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 commercial uses allowed within the C-3 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. s 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 II, 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. 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.D. 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: 13 54 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 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z 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. s 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. 55 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting In reporting the results ofa 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 substantive content ofa 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 a 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 RULE 2-2 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. An appraiser may use any other label in addition to, but not in place of, the labels set forth in this Standards Rule for the type of report produced. The use of additional labels such as analysis, consultation, evaluation, study, or valuation does not exempt an appraiser from adherence to USPAP. The report content and level of information requirements in this Standards Rule are minimal for each type of report.An appraiser must supplement a report form, when necessary, to insure that any intended user of the appraisal is not misled and that the report complies with the applicable content requirements. (a) The content of an appraisal report must be appropriate for the intended use or the appraisal and, at a minimum: (i) state the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client's request but is retained in the appraiser's workfile; (ii) state the identity ofany other intended users by name or type; (iii) state the intended use of the appraisal; (iv) contain information, documents, and/or exhibits sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (v) state the real property interest appraised; (vi) state the type and definition of value and cite the source of the definition; (vii) state the effective date of the appraisal and the date of the report; (viii)summarize the scope of work used to develop the appraisal; ()x) summarize the extent of any significant real property appraisal assistance; 56 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting (x) provide sufficient information to indicate that the appraiser complied with the requirements of STANDARD I by: (1) summarizing the appraisal methods and techniques employed; (2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed; (3) summarizing the results of analyzing the subject sales, options, and listings in accordance with Standards Rule 1-5; (4) stating the value opinion(s) and conclusions(s); and (S) summarizing the information analyzed and the reasoning that supports the analyses opinions, and conclusions, including reconciliation of the data and approaches; (xi) state the use of th real estate existing as of the effective date and the use of the real estate reflected in the appraisal; (xii) when an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; (xiii) clearly and conspicuously: • state all extraordinary assumptions and hypothetical conditions, and • state that their use might have affected the assignment results, and (xiv)include a signed certification in accordance with Standards Rule 2-1. STANDARDS R ULE 1-5 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; b) analyze all sales of the subject property that occurred within the three(3) years prior to the effective date of the appraisal. 57 475.611 Florida Statutes: Definitions.- (1) As used in this part, the term: (a) "Appraisal"or"Appraisal Services" means the services provided by certified and 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 95,11(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. 58 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 perform 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 perform 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. 59 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) 60 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(200 1) 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) 61 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 Book"Unifonn 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) SEMINAR(AI) - 3 Hours "Airport Appraisals) (01/25/2019) SEMINAR(AI) - 4 Hours"Understanding an Investigation by a State Appraiser Regulatory Board or Agency(5/17/2019) SEMINAR(AI) - The 50%FEMA Appraisal Rule(8/23/2019) COURSE (BR) - 14 Hours Required Education(8 hrs.Specialty Education;3 hrs.Core Law,3 hrs.Business Ethics(9.3.2019) SEMINAR(AI) - Artificial Intelligence,AVMs,and Blockchain:Implications for Valuation. (1/24/2020) 62 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 24,2001. 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 63 I of 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:vanceval(a,att.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 perform 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 C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)PROFESSIONAL DEVELOPMENT PROGRAM REGISTRIES Valuation of Sustainable Buildings: Cormnercial Valuation of Sustainable Buildings: Residential E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. F)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, 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 Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 64 2 of G)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 Farm 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 Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney Hl EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: 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) -Powerhnes/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) 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) 3 of4 H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) -Mediation&Alternate Dispute Resolution Seminar(200 1) 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 Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Workfile(2013) 66 4 of H)EDUCATIONAL BACKGROUND(Continued) 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) SEMINAR(Al) -Technology Tips for Real Estate Appraisers(2018) SEMINAR(Al) -Residential&Comnnercial Valuation of Solar&passed exam(2018) SEMINAR(Al) -Airport Appraisals(2019) SEMINAR(Al) -Practical Applications in Appraising Green Commercial Properties&passed exam(2019) D 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 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) 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 67 Z 4i July 6, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Hwy. Boynton Beach, FL 33435 Dear Mr. Simon, Thank you for the opportunity to express our interest in the property (approximately .13 acres located at 1110 North Federal Highway in Boynton Beach. WPBR 1340 AM and 96.1 FM is a Haitian/Creole format radio station that has been in operation since 1955. Originally WPBR was located in Lake Worth, Florida close to its radio tower. As technology changed the radio station office and studio was subsequently moved to a leased location at 2755 S. Federal Highway in Boynton Beach. This facility is about 1200 square feet and within that space there are two broadcast studios, a production room and a business office. Throughout the years the Haitian influence has been prevalent in the programming of WPBR. Almost 13 years ago, the format was changed to a 24 hour, 7 day a week Haitian format, The programming consists of Palm Beach community news, sports, politics, music and specialty shows hosted by local community leaders and religious leaders. What sets WPBR apart from most other stations is its commitment to the Palm Beach and North Broward Haitian community. Our station does not broker time and therefore we can maintain quality shows tailored directly to the Haitian community. While other stations have compromised formats, WPBR has maintained a consistent Creole format not bowing to paid programming. Some of the shows that have been on WPBR for almost a decade include the morning show with our host Marc Jean Jaques called Bonjour Matings Bonjour Soliel. Also. Auto Route Expressway between 1 and 3 followed by Afternoon Drive and 509 Info, Precission Sports and Hallan and Friends. All of the shows and hosts at WPBR are immersed in the Palm Beach county Haitian community and by cooperating with local political leaders, government officials, community pastors and Haitian musicians, our station remains at the top of the ratings among the Palm Beach Haitian community. Between its three signals, 1340 AM, 96,1 FM, and 95,1 FM, WPBR reaches the Haitian community in Deerfield Beach, Boca Raton, Delray, Boynton Beach, Lantana, Lake Worth, West Palm Beach and Riviera Beach. After almost 10 years at the same Boynton Beach location, our lease is going to end in about 18 months and it is our desire to build a more permanent location. When we learned about the piece of land that was owned by the Boynton Beach Community Redevelopment Association we immediately recognized this as an opportunity to make Boynton Beach our forever home. As consideration for the property, WPBR offers$25,000.00 cash and one hour each week for a period of five (5)years to be used by the City of Boynton Beach for community news or other information that the city needs to disseminate to its residents. The current value of each hour on WPBR is$250. This hour can be split over the week to remind residents of city activities and city news. At the rate $250 per hour, 2755 South Federal Highway, Suite 15 Boynton Beach Florida 33435 .......... the value of the time offered is$1,000 per month for 60 months for a total of$60,000. Add those two together and we are offering a total of$85,000 for the property. Funding for this CRA project shall be a capital investment from the principal of WPBR and a construction loan to build it. WPBR has met with a licensed Florida contractor, John Maharaj of Galfacee Construction and has j attached a time line to this letter of interest for the CRA to review. Should our letter of interest be approved it is our intention to move this process as quickly as possible because in addition to the construction we need to build sound proof rooms, buy the appropriate radio station equipment, and wire the building to accommodate a radio station. WPBR has met with our consulting engineer, R-Com, Inc. who is engaged in the design, building and maintenance of commercial radio stations. Richard Rieke who is the owner has estimated that the cost of equipment for building the two broadcast studios and one production studio will be approximately $125,000.00. This amount can go up or down by 10%depending on the cost of equipment at the time of purchase. WPBR has met with our consulting architect, Nader Goubran who estimates the cost of site plan, architecture and engineering to be approximately$15,000.00 This number can go up or down depending on the cooperation, feedback and instructions from the Boynton Beach building department. Please accept this as our formal letter of interest in building a one story, 1200 square foot building that will house the broadcast studios of WPBR. We look forward to making Boynton Beach our permanent home at 1110 North Federal Highway. Sincere , Ben Rog ti sky t y ti(t irr t Ss `v 3 k . t 6TO �r ,r,� -- r a � Pc { - r r r. r� k t J d R-Corn., Inc. Radio Broadcast Engineering Services 6331 Pine Drive Lantana, Florida 33462 561-632-1200 July 6, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, Florida 33435 Dear Mr.Simon, I own and operate R-Com, Inc.which is engaged in Design, Building and the Maintenance of Commercial Radio Broadcasting facilities in and around Palm Beach County. R-Com, Inc. has been in business for over 40 years and during that time, I have personally completed numerous build-out projects for most of the Radio stations in the area. I have been responsible for at least 3 studio creations for various owners of WPBR,the latest of which for Palm Beach Radio Group, owned by Samuel Rogatinsky. I have been the consulting Broadcast Engineer for WPBR for almost 10 years and during that time, i have maintained and built their studios not only in Boynton Beach, but Orlando and Tampa as well. Mr. Rogatinsky asked me to estimate the cost of building two new studios and a production room at a new location in Boynton Beach.Since the new location would be built from the ground up, specialized construction needs(Sound Proofing,Visibility, internal interconnect wiring, etc.),would be installed during construction. Once the physical plant is finished, most if not all of the necessary equipment will be new and installed according to plans. Based on today's costs for radio station equipment,sound proofing, specialized materials and proper wiring, I estimate that the cost will be approximately$125,000.This cost is based on my experience in this industry of over 50 years as a radio engineer. Should you have any questions feel free to reach out to me at your convenience. Richard Rieke Broadcast Engineer Date: Monday, July 06, 2020 PROJECT PROPOSAL To: Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, Florida 33435 Project: WPBR 1340 AM Project Location: 1110 N Federal Highway, Boynton Beach, FL., 33435 Proposal Submitted by. John )Maharaj Gal>fa Cee Company 121 Waterview Way, Royal Palm Beach, FL. 33411 License # CGC-057551 Contact: John Maharaj Email J altaCea. orn Cell: 561-718-9509 PPL LEED A agn i{ 4 S, Galfa Dear Mr. Simon, I am a licensed general contractor in the state of Florida since 1994 and over the years l have developed a niche in building broadcasting; studios for radio stations. Our company is a full service construction company and we have been hired by Samuel Ro atinsky of WPBR to provide a time line to build a 1200 square foot office building with required parking and landscape as required by the city of Boynton Beach. WPBR is on a tight schedule because they will need to leave their current space once their lease is over in about 17 months. Although the cost of construction is still being reviewed f would like to provide a time line for the construction of this new project. Assuming that all zoning and building department approvals are in place our 26 week time line would be as follows; 1. Preconstruction meetings, critical path schedule and lot prep. 2 weeks 2. All underground utilities including onsite storm water retention both above/below ground and pad prep. 4 weeks All subgrade paving requirements, include all curbs/landscape islands and first lift of asphalt. 2 weeks. 4, Shell Construction for building. 8 weeks. . Interior and exterior finishes. 4weeks. b. Landscaping and building utility connections. 2 weeks. 7. Final paving, striping and signage. 1 week. 8. finial Inspections and client walk through. l week. 9. Corrections and adjustments as needed. 1 week. I O.Punch-out and client move in. l week. 1( Thank you and please feel free to reach out to me if you have questions. Kind Regards, 1 John Maharaj President Galfa Cee Company 3 DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F BDH Consulting r u Consulting Engineers•Planners•Surveyors (561)452-2348 too FAX(561)327-2654 C ti http://www.bdhcg.com t deris@bdhcg.com i ' August 18, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, FL 33334 Re: Letter of intent to purchase and develop commercial property Located at 1110 N Federal Highway, Boynton Beach, FL 33435 Dear Mr. Simon: We recently observed that a "Notice of Intent to Dispose of Real Property(Section 163.380, FS.)"sign had been placed at the property located at 1110 N Federal Highway, Boynton Beach FL 33435. Not long ago we contacted the Boynton Beach CRA regarding this same property and expressed interest to purchase it, we met with Ms. Bonnie Nicklien at the CRA. The CRA told us that this property was not for sale because the CRA vision for the property was to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development to occupy the combined properties. We thank you for the opportunity to respectfully contact you pursuant to Florida Statutes, Section 163.380 to convey our continued interest to purchase the property located at 1110 N Federal Highway, Boynton Beach, FL 33435 (Parcel No. 08434521320020211). BDH Consulting Group (BDH)is a professional engineering, surveying&mapping, and planning firm based within the Boynton Beach CRA area. We are certified as professional consultant business under the Consultant Competitive Negotiation Act (CCNA) for engineering and surveying & mapping services in Palm Beach County. BDH is also certified as small minority owned business with Palm Beach County, Florida Department of Transportation, South Florida Water Management District, and the State of Florida. As such, through the years we have served our City of Boynton Beach, Boynton Beach CRA area, Palm Beach County and State of Florida community providing professional engineering and surveying & mapping services. BDH was founded on the year 2012 and has been operating as a home-based business within the CRA area since then. We are a fully registered business with the City of Boynton Beach, Palm Beach County and State of Florida. Through the years, our business client base throughout the State of Florida has continuously been increasing, with a great number of clients being repeat customers. As a result, we need to expand our operations to meet client demand. To expand our business operations and hire more employees, we would like to purchase the Boynton Beach CRA property located at 1110 N Federal Highway, Boynton Beach, FL 33435 to develop the property to be BDH's forever home and professional services business office Headquarter. We are in the process of discussing site layout alternatives with the Boynton Beach Planning & Zoning Department for the property. Our current proposed site layout is already good enough for us to proceed to contact Planning & Zoning to schedule a pre-application meeting for the Boynton Beach plan review team to review our preliminary site development layout proposal. Please see attached 'Exhibit A which shows our latest site development proposal. I am myself a City of Boynton Beach resident since the year 2003, and BDH has been a City of Boynton Beach CRA business since it was founded on the year 2012. Part our personal community involvement includes having been a community member on the 2019 City of Boynton Beach Flood Mitigation Plan Task Force and our children's school PTA programs. In addition, DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F whenever there is a hurricane projected to make landfall in Boynton Beach, we contact the City of Boynton Beach engineering department and make ourselves available to assist our community on hurricane emergency activities immediately after the hurricane, if needed. As we can demonstrate, we have been and plan to be fully committed to our Boynton Beach community. As such, we are currently working on getting BDH certified as a HUBZone Certified business with the United States federal government small business administration. HUBZone is a United States Small Business Administration program for small companies that operate and employ people in Historically Under-Utilized Business Zones (HUBzone). The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least 3%of federal contract dollars to HUBZone-certified companies each year. We estimate that on the next two years we will be able to work on two to five federal projects which will require us to hire employees that reside within the HUBZone area which is included within the Boynton Beach CRA area to accomplish the work. To qualify for this HUBZone certification, the business office needs to be within a Historically Underutilized Business Zone . The Boynton Beach CRA property we would like to purchase meets this criterion since it is located within the HUBZone Area. Please see rExhibit B which shows the property's location within the HUBZone Area. BDH is an equal opportunity employer. One of the HUBZone program requirements is to have at least 35 percent of our employees living within the HUBZone area. Currently 75% of our staff are Boynton Beach residents and we plan to actively look to hire more personal from our CRA area that coincides with the HUBZone area. In addition, we have and continue to be committed to assisting our local City of Boynton Beach private and residential sector clients to work together with the Boynton Beach CRA to participate on programs to improve their existing affordable housing and small business infrastructure improvements to create a vibrant downtown core and revitalized neighborhoods within the CRA area. We estimate the project schedule for permitting and construction to take approximately 14 months from the time we purchase the property. Initial project planning and set up time to take 2 months; The site survey, design and permitting for the proposed development to take approximately 6 months, which we would perform in house at BDH. Following issuance of all permits, we estimate construction of the proposed site to take up to 6 months, which would be performed by contractors we have worked with in the past and team up with on projects on a regular basis. Please see Exhibit C which shows the proposed development estimated timeline. We plan to fund the development of our proposed project through a construction loan with a bank. We are currently in talks with Florida First Capital Finance Corporation FFCFC to apply and process an SBA 504 Loan. An SBA 504 Loan is a program which includes financing for purchasing commercial real estate vacant land and constructing a building. We do not foresee any problems with getting approved for the loan. BDH is respectfully offering to purchase the property located at 1100 N Federal Highway Boynton Beach Florida for which we offer the following purchase term options: Purchase option No. 1: We offer to pay $30,000.00 cash and $70,000.00 of professional civil engineering and surveying and mapping services (including hydrographic surveying) to be used for a period of (10) years by the Boynton Beach CRA for affordable housing, small business infrastructure improvements, and any other community redevelopment projects to support our Boynton Beach Community. However, with this option we will have to check to see if providing our professional services to the Boynton Beach CRA under this purchase option is acceptable per the CCNA Florida Statutes. Purchase option No. We offer to pay$50,000.00 cash and develop the property, and provide easements, in such a manner that it will continue to meet the CRA's vision to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and the adjacent property located at 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F to Occupy the three combined properties. We offer to include as part of our permitting process to develop the property we would like to purchase, a boundary survey and professional civil engineering services to prepare a conceptual site layout for a future development for the three combined properties. Purchase option No. 3: We offer to pay $50,000.00 cash and develop the purchased property, and provide easements, in such a manner that it will continue to meet the CRA's vision to purchase/acquire the adjacent corner building located at 1102 N Federal Highway, Boynton Beach, FL 33435 and the adjacent property located at 611 NE 10th Ave, Boynton Beach, FL 33435 for a proposed larger development to occupy the three combined properties. As part of this option to purchase the property, the Boynton Beach CRA could place a second mortgage on the property for the $40,000.00, said second mortgage to be self-depreciating at 10% per year for a total of 10 years. At the end of 10 years, the Boynton Beach CRA second mortgage will self-depreciate to $0 and the land and BIDH will be free from the second mortgage. Please review the above referenced purchase options. We are willing to negotiate to reach an agreement which will amend any of the above referenced purchase options to make them meet the Boynton Beach CRA and BIDH vision for the property and area in order to make the proposed development a success. It is very important for BIDH to purchase this property for the following reasons: • To qualify for the HUBZone Business Certification • Pursue United States Federal projects. We have clients waiting for us to get certified for teaming opportunities for Federal Projects. • Hire employees that reside within the CRA area located within the HUBZone area. This is a HUBZone certification requirement, a must. • Bring federal work to our Boynton Beach CRA area to support our local workforce and in this manner contribute to revitalize our CRA neighborhoods. • To expand operations to meet client demand and to pursue more private and public sector engineering and surveying work throughout the State of Florida. We are currently maxed out our home-based business and need to open an office to hire local employees to work on projects we are invited to participate, but at the moment are unable to commit to because we need a dedicated office for our future employees to come to work to. Should you have any questions regarding this matter, please feel free to call me. Very truly yours, E DocuSigned by: &arj V&S 8/19/2020 266D9OE44A16468... Deris H. Bardales, P.E., P.S.M. President � r E ii; N Q tt s 1;t��liIl�tl ifs - isS s4 7 34 V1��ftift`c3}111�3{��+Sj7�il�+��Sj} `t3 z Q . z E CL yJfi 1�{i \lit, 3 D I/ �> Cf It LL \. v 11 LLI . 0 0 LU 00m LL Q w w m v ch m w ILL0 p Q 0 a� w rn �n U O �Srf IS �� CN <D cc CL % No cc cc "Q ca CL CL CD CO ,fli 0i LL LLI 0 (1) co 00 LL LLI co co LO LLI LL I- CL 0 LLI .2) U) 0 M N o CL ,p y ca �. J O O Q O C = O f - �� Cl) Et LL w 0 o00 - °0° 1 tt LL w mLL 1' LLI I- CL - _ O w f ' C t 1 cc cu cu ca CL t t + t s nt t t S�ttltt tvt r tJt �Y - - c 1 4''� t{rl�itr i Iti CD 0- {! Q o CD (D t , cn LL 0 0 w lmlvmmm0 0 co00s LL LLI LLI co `( �s mLO LL LLI Q o i ltt F w C U) O 0 LO N Q O J O 0- 2 O E 0- 0 O CD 3 cn LLw 0 w 0 0 co 00 Q = : LLU o - Q w m �� a m Gf LO w LLI- (1) 0 I- CL O - a� w rn �n U O DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F Ed ibit B. Hubone Qualification HUBZone Qualification Report View on iHUBZone a 1100 N Federal Hwy, Boynton Beach, FL 33435, USA Census Tract k r Designation Details Census Tract Tract ID: 12099006100 County: Palm-Beach County State: u FL DocuSign Envelope ID: 17037FE5-1 B73-4BEE-AF70-1 CA813301DE04F Exhibit C. Estimated Project Timeline (BC! GxrOR, PAVING & CONSTRUCTION LLC Civil Fngineering&Site Contractors 24 lomrs 8201 Peters Road Suite 1000 in tt ene.p Seer,viee Plantation, FL 33324 August 18, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway, Boynton Beach, FL 33334 Re: BDH's Office Development Estimated Permitting and Construction Schedule 1110 N Federal Highway, Boynton Beach, FL 33435 Projected Schedule for BDH Consulting Group Good afternoon Mr. Simon, We would like to introduce GATOR PAVING AND CONSTRUCTION LLC, a Full Service Paving and General Contracting Company. We have been working in the industry for 38 years and can handle all Site Work and General Contracting Services for the above referenced project. BDH Consulting Group, requested us to create a permitting and construction schedule for their proposed office building which includes an ADA compliant parking lot, drainage, landscaping and irrigation with a proposed 1200 square feet building. - Permitting process 3-6 months - Construction period 4-6 months If you have any questions, please do not hesitate to contact me (954) 319-9808. Best Regards, Ron Elam (Owner) Gator Paving and Construction, LLC Simon, Michael From: Sam Rogatinsky <samr@rogatinskylaw.com> Sent: Saturday, August 22, 2020 1:29 AM To: Simon, Michael Cc: Ben Rogatinsky; Shutt, Thuy; Nicklien, Bonnie; Utterback, Theresa;Tara Duhy (tduhy@llw-law.com); Kathryn Rossmell Subject: Re: Second LOI submitted on August 19, 2020 Attachments: Boynton Beach CRA Contract.pdf Dear Mr. Simon, The Boynton Beach CRA's goal is to develop properties within the CRA and create a vibrant downtown core. The objective is to attract quality long-term businesses that provide a benefit to the residents of Boynton Beach At this point we are completely confused about this process. My client's written offer was formally accepted by the board during a CRA board meeting and then reduced to writing in the attached purchase and sale agreement drafted by CRA counsel. The initial offer was made based on discussions with the CRA prior to submitting the offer. Based on new circumstances at this time my client will increase the offer to the following: A. $35,000 cash and $70,000 advertising trade over 10 years based on the agreed upon terms of the attached agreement. Easement in accordance with CRA goals. OR B. $55,000 cash and $45,000 advertising trade based on the terms of the attached agreement over 10 years. Easement in accordance with CRA goals. My client will close upon city approval of site plan as agreed. We have been working with the city planning department and the site plan is almost completed. My client has the funds to close and build and can provide proof of funds upon request. There is no financing contingency that will slow the process. Sincerely, Samuel Rogatinsky, Esq. Managing Attorney i Ra p, R r !:k v� r 3113 Stirling Road, Suite 103 Fort Lauderdale, FL 33312 Phone: 954-404-6140 Fax: 954-925-1640 www.rogatinskylaw.com E-Service: mailto:rogatinskyfirm@gmail.com ****PRIVILEGE AND CONFIDENTIALITY NOTICE:This e-mail and any attachments are intended to be confidential.They are legally privileged under the Electronic Communications Privacy Act, 18 U..S.C. 2510-2521,and may be further protected by the attorney client and work product privileges. It is intended only for the use of the person or persons named above. If you are not the intended recipient,you are hereby notified that any review,dissemination,distribution of duplication of this communication is strictly prohibited. If you are not the intended recipient,please contact the sender by reply email or the above phone number and destroy all copies of the original message. ***** On Aug 21, 2020, at 11:50 AM, Simon, Michael <SimonM@bbfl.us>wrote: Good morning Sam and Ben: As a follow up to my email below, CRA staff will be working with the CRA Board's legal counsel for the next several days to produce the best course of action to present for the Board's consideration at their September 811 meeting. At the present time, no further action is needed from either LOI proposer nor will any formal action be taken by CRA staff or the Board regarding the same until the September 811 meeting. CRA staff will reach out to you next week after our consultation with the Board's legal counsel has concluded. Thank you. Michael Simon, FIT-ISA, CP3 , LRES Executive Director Boynton Beach Community Redevelopment Agency 100 F, Ocean Ave, Boynton Beach, Florida 3:3435 561-600-90911 561--737-3258 irnor7M@bbfl,us http://www.boyntonbeachcra.com 2 1 7 d> , "�Il if y'a{a R 9� {f 'RA =B ACH COMMUNRY REDEVELOPMENTGC America's Gateway to the Gulfstream Please be advised that Florida has a broad public records lava and all correspondence to me via email may be subject to (disclosure,l rider Florida records lava, email addresses are public records, Therefore, your e-mail communication n and you address may be subject to public(disclosure, From: Simon, Michael Sent: Friday, August 21, 2020 10:45 AM To: Sam Rogatinsky<samr@rogatinsl<ylaw.com>; Ben Rogatinsky<benr@sal<pase.fm> Cc: Shutt,Thuy; Nicklien, Bonnie<Nicl<lienB@bbfl.us>; Utterback,Theresa <Utterbacl<T@bbfl.us>;Tara Duhy(tduhy@llw-law.com) <tduhy@llw-law.com>; Kathryn Rossmell <I<rossmell@llw-law.com> Subject: Second LOI submitted on August 19, 2020 Good morning Sam and Ben: As you requested, please find the attached copy of the Letter of Interest (LOI) submitted on August 19, 2020, for the property located at 1110 N. Federal Highway. This second LOI will be provided to the CRA Board as part of their September 8t1meeting agenda. No action can be taken or discussion occur as a full Board prior to the meeting on September 8th. All of the Public Notice conditions and requirements have been met and the handling of the item is under the full and sole discretion of the CRA Board. If you have any questions or need any additional information, please do not hesitate to contact me directly. 3 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida September 8, 2020 E. Consideration of Request for the Commercial Property Improvement Grant Program in the Amount of$350 for Marketing Innovations Enterprises, Inc. for the Property Located at 810 N. Federal Highway Chair Grant presented the item. The applicant worked hard and completed all repairs, bringing the property into compliance. Motion Board Member Hay moved to approve. Board Member Romelus seconded the motion. The motion unanimously passed. F. Consideration of Letters of Intent for the CRA Owned Property located''at 1110 N. Federal Highway Mr. Simon explained this item was before the Board by Ben and Sam Rogatinsky, WPBR Radio, located on South Federal Highway, who submitted a LOI to acquire the property owned by the CRA to build a new office for the radio station. They offered a purchase price of $25K plus $60K in worth of advertising over the course of five years. The Board accepted the terms of the LOI and directed staff to post the notice to the public of the selling. During the 30-day notice period, the CRA received a second Letter of Intent on August 18th, by BDH Consulting Group also a CRA business for a location for their engineering planning services. Their options were on the cover. On August 22"d, the CRA got a revised LOI from WPBR changing their first terms from $25K and $60K of advertising to $35K plus $70K in advertising as written. Or $55K in acquisition costs and $45K in advertising. BDH offered $30K and $70K in professional services over a 10-year period. Option two was $50K plus $40K if future development occurred with adjacent parcels, or $50K plus a $40K CRA Forgivable Second Mortgage for ten years depreciating at 10% per year, plus engineering services if future development occurs with adjacent parcels. Both entities are building the same size structure. Chair Grant thought based on the recent City Commission meeting that the property to the south on the corner is part of the City. He asked if the Board wanted to make a decision now because they could expand the parcel to a larger size and if the Board wanted one 2K square foot building or two, 1 K square foot buildings. He wanted to wait and see if and when the City obtains the property to the south. Board Member Hay, commented the businesses are Boynton based and he supported, if they have the opportunity to see about the building next to it because 1,200 square feet is not big. The two businesses are ideal for the properties. He wanted to wait and see for have the opportunity to have two more buildings in the City. Chair Grant noted the downside is if they wait too long, they may have to find another location. 15 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida September 8, 2020 Vice Chair Penserga wanted staff's input. Mr. Simon believed there was a way a building could be constructed with a reciprocal easement. The two buildings would abut together, but have individual ownership. If the Board was leaning to development of both lots, with these two entities, he thought 30 days to work with the entities would be appropriate. Chair Grant opened public comment. Deris Bardales commented he would like the other business to be their neighbor. Mr. Bardales explained he was a CRA resident for 17 years and President of BDH Consulting Group since 2012. They expressed interest in the property a year prior to submitting the LOI. They would like the property to expand business and hire more local employees. They are in process of becoming a HUBZone certified business with the Small Business Administration, which is a federal program for small companies that operate and employ people in historic or underutilized business zones. Samuel Rogatinsky requested confirmation City could take the corner piece and when they will know if the City moves forward with a foreclosure on it. Chair Grant hoped to have the answer by the next CRA meeting. Mr. Rogatinsky was amenable to wait for the answer. The City moved forward with a foreclosure and outstanding lien. The City Attorney would have to provide information. Chair Grant wanted to work with both parties to situate them both there. Mr. Simon thought, other than how the two buildings could be aligned, the timing of the second lot they do not own, trails to the lot they do own. He thought the two parties should meet before the next meeting in order for it to work. There is only one way to build on the lot. They should do something jointly, it would have to be done all together. Chair Grant wanted option two on both LOI and have the CRA Board to work with the City to move forward with those two lots and each business will determine which business will be on the north lot and the south lot. He hoped by the next meeting, they can have a Purchase and Sale agreement to be on both locations. Attorney Duhy suggested the Board direct staff to negotiate with both bidders on whether an alternate arrangement other than what was proposed can be arranged and table the item until next month and give an update. She noted because the CRA does not own the foreclosed property, they cannot issue a NOI to dispose, which would add more time to the process which was not necessary for the existing building. The motion was to table the item and direct staff to discuss alternate options and bring it back next month. Mr. Simon asked if the Board could decide which option they would like discussed while tabled, as they would choose a purchase option. Chair Grant liked option two for both. Board Member Romelus wanted both parties to converse with each other. Mr. Rogatinsky commented if the foreclosure takes longer, this will stall. Chair Grant explained it was already agreed the City would accept the property 16 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida September 8, 2020 in Lieu of pursuing foreclosure. Board Member Hay asked Mr. Rogatinsky about his time constraints and learned he has a year and four months left on his current lease. Chair Grant asked for a motion to table to next meeting and staff to discuss with the applicants and the City disposal of the properties. Motion Board Members Romelus and Hay so moved simultaneously. Vice Chair Penserga seconded the motion. The motion unanimously passed. G. Consideration of a Waiver to Provide a Flex Space for a New Neighborhood Officer Program Office and Community Space in the Ocean Breeze East Project Mr. Simon explained this item is consideration of the NOP office. The CRA Board entered into an agreement with Centennial Management that space would be provided for the NOP office. When the agreement was negotiated, there was a different police chief and they did not have an RFP and successful RFP response for the MILK Jr. Boulevard Corridor as they do now. The new Chief, sent a letter suggesting the Board allow a waiver of the condition to provide the space at Ocean Breeze East, and if so, the MLK Jr. Corridor would absorb the space into the 8,500 feet of commercial. Centennial would not have to provide an office. Chief Gregory explained an NOP Office would be more effective on MILK Jr. Boulevard. They wanted to make it more accessible to the community and integrate better into the development. Chair Grant asked what Centennial planned to do with the space. He noted they would then only have 6K square feet of retail. Mr. Simon explained the amount of space for the NOP is an issue between the CRA and the NOP. Space in the new location could be negotiated to a space that works for both parties. This item would eliminate Centennial from the obligation to provide space. Mr. Simon explained there was no urgency to waive it except the CRA is trying to design the interior space at the Ocean Breeze East location. If they believe the other location was better, they can stop and negotiate with Centennial at a later date. Chair Grant wanted to discuss it at a later date, and see what Centennial would like to do with the location. They stated it is a residential property so commercial was not available. He thought it may limit the City if they may want another function. He asked if the City/CRA could explore all or a portion of the space for another use or what Centennial would use the space for and how they feel about moving into a new location on MILK Jr Boulevard. Vice Chair Penserga agreed. It could make for a larger community room, but he wanted to hear from Centennial. Motion 17 IN THE CIRCUIT COURT OF THE FIFTEENTH JUDICIAL CIRCUIT IN AND FOR PALM BEACH COUNTY,FLORIDA CITY OF BOYNTON BEACH, CASE NO: 2019CAO15751 Plaintiff, VS. ECKOLS '76,LTD and ECKOLS '86, LTD, and UNKNOWN TENANTS in possession, Defendants. DEED IN LIEU OF FORECLOSURE SETTLEMENT AGREEMENT AND RELEASE This Deed in Lieu of Foreclosure Settlement Agreement and Release ("Settlement Agreement") is entered into between the Plaintiff, CITY OF BOYNTON BEACH, a municipal corporation ("CITY"), and the Defendants, ECKOLS '76, LTD, a Florida Limited Partnership and ECKOLS '96,LTD, a Florida Limited Partnership(hereinafter, collectively "ECKOLS"). WHEREAS, CITY filed suit against ECKOLS in the Circuit Court of the 15th Judicial Circuit of Florida, Case No. 2019CA015751, alleging violations of various sections of CITY'S coda of Ordinances and for foreclosure of Municipal Code Liens and for other relief("Action") I on real property Ylegally described as follows; , i That part of lots 20, 21, and 22, Block 2, Lake Addition, a Subdivision of the City of CITY Beach, according to the plat thereof as recorded in Plat Book 11 Page 71, of the Public Records of Palm Beach County,Florida PCN#08-43-45-21-32-002-0201 (hereinafter, "Subject Property.") WHEREAS, CITY contends ECKOLS violated various sections of CITY'S code of i Ordinances beginning in 2007, that the Subject Property was not in compliance with CITY's i code of Ordinances, and continues to be in violation of CITY's code of Ordinances; (00397477.4 30699054341 I f WHEREAS, as a result of the violations of CITY"s code of Ordinances, liens were assessed against ECKOLS,and three liens were imposed on the Subject Property; WHEREAS, on April 15, 2016 an Order Imposing Penalties/Lien in Case No: 15-2598 was Recorded in Official Records Book 28231, Page 449, in the Public Records of Palm Beach County, Florida, and said lien has been accruing in the amount of $100.00 per day, and as of August 18, 2020, a lien in the amount of$166,234.12 is owed for the period from February 5, 2016,through August 18, 2020; WHEREAS, on March 7, 2008, an Order Imposing Penalties/Lien in Case No: 07-2084, was Recorded Official Records Book 22491, Page 101, in the Public Records of Palm Beach County, Florida, said lien has been accruing in the amount of$150.00 per day, and as of August 18, 2020, a lien in the amount of$689,884.12 is owed for the period from January 19, 2008, through August 18,2020; WHEREAS, on April 26, 2019, pursuant to resolution no, 18-166, a lien was assessed against the Subject Property for expenses incurred by CITY for lot mowing, vegetation removal, and structures boarded up, and said resolution was recorded in Official Records Book 30569, Page 966, of the Public Records of Palm Beach County; Florida, and as of August 18, 2020, a lien in the amount of$584.73 is owed for the period from April 26, 2019, through August 18, 2020; WHEREAS, on October 1, 2019 the City Commission voted to direct and authorize the CITY Attorney's Office to foreclose CITY's liens relating to the Subject Property; WHEREAS, on July 18, 2018, the Special Magistrate entered an order authorizing foreclosure on the two(2) code enforcement liens; j i i WHEREAS, certain disputes and disagreements exist between CITY and ECKOLS j (00397477.4 306.9905434 Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151 Judicial Circuit/Case No.2019CAO15751 Page 2 of 23 (collectively, the"Parties"); WHEREAS, ECKOLS has requested that CITY accept a deed in Iieu of foreclosure and in lieu of CITY continuing with the foreclosure action, and CITY has agreed to do so provided ECKOLS enters into and complies with the terms of this Settlement Agreement; WHEREAS, the Parties to this Settlement Agreement desire to amicably satisfy and resolve the claims, demands, rights and causes of action either party may have against the other party,either asserted in the Action or not asserted in the Action; WHEREAS, CITY and ECKOLS consent to the jurisdiction of this Court over them, their agents, successors and assigns for the purposes of personal jurisdiction and enforcement of this Settlement Agreement; WHEREAS, the Parties have reached an agreement to resolve the Action between them without further litigation; WHEREAS,ECKOLS has filed all tax returns as required by law and there currently are no notices, demands, or pending actions or proceedings regarding unpaid taxes owed by ECKOLS; WHEREAS, ECKOLS represents there are no agreements or other matters which currently affect the property other than accrued fines owed to CITY and liens imposed by CITY; WHEREAS, there are no parties in possession of the Property (or any portions of the Property)other than ECKOLS; WHEREAS, ECKOLS represents it has legal and equitable title to the Property, and there are no options, options to purchase, lease options, rights of first refusal, or rights of any party in the Property other than ECKOLS; WHEREAS, there are no other material facts affecting the Property that have not been {093974n.4 306.9905434{ Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151 Judicial Circuit/Case No.2019CAOI5751 Page 3 of 23 disclosed to CITY except as follows:NONE. WHEREAS, CITY represents there are no other charges, fees, fines, or liens on the Subject Property or against ECKOLS which are not referenced in this agreement and CITY acknowledges that any and all such charges, fees, fines, or liens owed to CITY or imposed by CITY are being resolved by this agreement. NOW THEREFORE, in consideration of the mutual promises, premises and covenants set forth in this Settlement Agreement, and for other good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged, and upon the terms and subject to the conditions and representations contained herein, the Parties agree and covenant as follows: Section 1: Incorporation of Recitals. The Parties expressly incorporate the recitals of this Settlement Agreement as a part hereof, reliance on the representations by CITY being a material portion of this Settlement Agreement such that CITY would not have entered into this Settlement Agreement in the absence of the representation set forth in the Recitals. Section 2: Transfer of the Property.Upon execution of this Settlement Agreement and subject to the representations, warranties and covenants contained in this Settlement Agreement, ECKOLS agrees to convey and CITY agrees to accept the conveyance of the Property in consideration for CITY's covenant not to sue ECKOLS for a deficiency judgment on the Liens or for any fines associated with code violations on the subject property. ECKOLS will execute and deliver to CITY or its nominee or assignee the following documents which will be duly executed, witnessed and acknowledged where required: (a) A Warranty Deed in the form attached hereto as Exhibit "B" (the "Deed") conveying title to the Property; i (b) A Bill of Sale and Assignment in the form attached hereto as Exhibit "C" (the j "Bill of Sale") conveying all interest of the ECKOLS in all personal property that is j (00397477.4 306-9905494) I Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151'Judicial Circuit/Case No.2019CAOI5751 Page 4 of 23 part of, located on or utilized or existing in connection with the Property and all other tangible and intangible personal properly located on or used in connection with the Property(the"Personal Property"); and (c) A partnership affidavit in the form attached hereto as Exhibit "C" (the "Partnership Affidavit"); (d)and such other documents and instruments as the CITY may reasonably request in connection with the conveyance of all Property to the CITY. Section 3: Absolute Conveyance. ECKOLS and CITY acknowledge and agree that the conveyance of the Property to the CITY pursuant to the terms of this Agreement is an absolute transfer, an assignment and conveyance of all of the ECKOLS's right, title and interest in and to the Property in fact as well as in form; that the Deed, Bill of Sale and other conveyance documents are not intended as a mortgage, trust conveyance, deed of trust or security interest of any kind; that the consideration for such conveyance is exactly as recited herein and that as of the Effective Date ECKOLS will have no fiu-kher interest (including rights of redemption, options,claims, equity or otherwise) in or to the Property or any proceeds and profits that may be derived therefrom of any kind whatsoever. Section. 4: Attornev's Fees and Costs. Each party shall be responsible for its own attorney's fees and costs incurred; however, in the event it becomes necessary to enforce the terms of this Agreement, the prevailing party to the enforcement action shall be entitled to recover its reasonable attorneys' fees and costs incurred in any trial court or appellate proceedings, Section 5: Broker's Fees. ECKOLS is not a party to, nor does ECKOLS have any knowledge of, any agreement providing for any fees, commissions or other payments upon sale or transfer of the Property, whether pursuant hereto or otherwise, or upon the extension or renewal of any Lease or under any other circumstances. (00397477.4 306.99054341 Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 1511'Judicial Circuit/Case No.2019CA015751 Page 5 of 23 Section_6:_Condition_of the Pro taert . Except as is otherwise expressly provided in this Agreement,ECKOLS hereby specifically disclaims any warranty (oral or written)concerning: (i) the nature and condition of the Subject Property and the suitability thereof for any and all activities and uses that CITY elects to conduct thereon; (ii) the manner, construction, condition and state of repair or lack of repair of any improvements; (iii)the compliance of the Land and the Improvements or their operation with any laws, rules, ordinances or regulations of any government or other body; and (iv) any other matter whatsoever except as expressly set forth in this Agreement. EXCEPT AS IS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT, THE CONVEYANCE OF THE PROPERTY AS PROVIDED FOR HEREIN IS MADE ON A STRICTLY "AS IS" "WHERE IS" BASIS AS OF THE CLOSING DATE, AND ECKOLS MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY LIMITED TO, ANY WARRANTY OF QUANTITY, QUALITY, CONDITION, HABITABILITY, MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, ANY IMPROVEMENTS LOCATED THEREON OR ANY SOIL CONDITIONS RELATED THERETO,EXCEPT AS EXPRESSLY SET FORTH IN THE DEED SIGNED BY ECKOLS AND DELIVERED TO CITY. Section 7: Effective Date and Closin _Documents. For purposes of this Agreement, the tenn "Effective Date" shall mean the date upon which this Agreement, the Deed and all other related documents are delivered to CITY or its nominee or assignee, which shall be on or before October 2, 2020. On the Effective Date, ECKOLS shall deliver to CITY, at the offices of Goren, Cherof, Doody & Ezrol, P.A. at 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale, Florida 33308 (the"Closing Documents"): (a)The Deed in the form attached as Exhibit"B"; (b)The Bill of Sale in the form attached as Exhibit"C"; (c)The Partnership Affidavit in the form attached as Exhibit"D"; and (d) Such other documentation as CITY may reasonably request. (00397477.4 306.9905494) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15`x'Judicial Circuit/Case No. 2019CAO15751 Page 6 of 23 Section 8: Conditions. (a) CITY's obligations under this Agreement shall be conditioned upon: (1) The continued accuracy of all representations and warranties of the ECKOLS set forth herein; and (2) The performance by the ECKOLS of all obligations required to be performed on or before the Effective Date (b) Covenants Prior to Effective Date. From the date hereof to the Effective Date: (1)ECKOLS shall not enter into any leases without the prior written consent of the CITY. ECICOLS shall not enter into any agreements or contracts or modify or extend any existing agreements or contracts with respect to or affecting the Property. (2) CITY shall have the right to enter upon and inspect the Property. (3) ECKOLS shall keep the Property free and clear of all claims, liens, and other encumbrances whatsoever,except Permitted Exceptions. (4) Each party shall take such steps as the other may reasonably require to further the intent of this Agreement. Section 9: Risk of Loss. Risk of loss of the Property shall remain with the ECKOLS until the passage of title on the Effective Date. Section 10: Cooperation. ECKOLS shall execute and deliver, and shall cause to be executed and delivered by their affiliates, and shall do, or cause their affiliates to do, such other acts and things as may be reasonably requested by CITY to cagy out the intent of this Agreement. Section 11: General Representations and Warranties..ECKOLS hereby represents and warrants to the CITY that as of the date hereof and as of the Effective Date: (a) Enforceability. This Agreement and each instrument or agreement contemplated hereby and executed and delivered by ECKOLS in connection herewith are, and upon execution and delivery by ECKOLS, the Deed,and all other documents and instruments executed and delivered in connection with the Deed will be,the legal, valid and binding obligations of the ECKOLS, enforceable against ECKOLS in accordance with their respective terms. (00397477.4 306-9905434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151 Judicial Circuit/Case No.2019CA015751 Page 7 of 23 (b) Effect of Transfer. The transactions contemplated by this Agreement are not made with the intent to, nor will they, hinder, defraud or delay creditors of ECKOLS, nor will they leave ECKOLS with insufficient assets with which to operate its continuing businesses, (c) Taxes. ECKOLS does not owe any sales taxes with respect to Leases of the Property. Section 12: Release b , CITY. (a) CITY hereby expressly acknowledges receipt of the mutual covenants, promises, agreements and valuable consideration set out in this Settlement Agreement. (b) Upon transfer of the Property and compliance with all representations, warranties, terms and conditions of this Settlement Agreement, CITY forever discharges ECKOLS, and any of his past, present, and future attorneys, agents, servants, representatives, employees, affiliates, partners, predecessors, successors in interest and insurers (hereinafter collectively referred to as "Releasees"), of and from any and all causes of actions, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, past, present, or future, from any and all claims and potential claims arising out of and/or relating to the Action, and any municipal code enforcement liens, fines, assessments or charges associated with the Subject Property, and for any deficiency arising therefiom. CITY acknowledges that it is its intention that this Release shall be effective as a full accord and satisfaction of, and as a bar to, each and every claim released hereunder. This release on the part of CITY shall be automatically revoked should ECKOLS fail to comply with the terms of this Settlement Agreement, compliance with the terms of this Settlement Agreement by ECKOLS being the consideration for the,release by ECKOLS. Section 13: Release by ECK_OLS, (a) ECKOLS hereby expressly acknowledges receipt of the mutual covenants, promises, agreements and valuable consideration set out in this Settlement Agreement. (b) Except for the obligations contained herein and in consideration of the mutual covenants, promises, agreements and valuable consideration set out in this Settlement Agreement, ECKOLS completely releases and forever discharges 400397477A 306.9505434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15`b Judicial Circuit/Case No.2019CAO 15751 Page 8 of 23 CITY, and any of its past, present, and future attorneys, agents, servants, representatives, employees, affiliates, partners, predecessors, successors in interest and insurers (hereinafter collectively referred to as "Releasees"), of and from any and all causes of actions, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, past, present, or future, known or unknown, whether or not damages have accrued or are ascertainable, in law or in equity, which ECKOLS had, now has, or may have in the Riture against Releasees,upon or by reason of any matter related to the Action. This release on the part of ECKOLS shall be a fully binding and complete settlement between ECKOLS and Releasees and its respective assigns and successors. Section 14: Bankruptcy Matters: Adequate Protection: Waivers. ECKOLS agrees that, ECKOLS has no equity in the collateral, that the ECKOLS has no prospects to reorganize, that ECKOLS has received valuable consideration in the form of release of liens related to the subject property after the execution of the warranty deed, and that any bankruptcy would be for the sole purpose of hindering and delaying the CITY's exercise of remedies, and that in the event of any bankruptcy or other insolvency action by or against the ECKOLS, the CITY will receive adequate protection only by immediate surrender of the Property to the CITY for liquidation and sale. Thus, in the event of the filing of any voluntary or involuntary petition in bankruptcy by or against the ECKOLS (a) the ECKOLS shall neither oppose nor request any other party to oppose i a lifting of the automatic stay provided by Section 362 of the Bankruptcy Code as to the security for the Property or the remedies of CITY under this Settlement Agreement and the ECKOLS j agrees to consent to any requested relief from the automatic stay provided by Section 362 of the ' I Bankruptcy Code sought by CITY as to all or any part of the Property,ty, whether now existing or hereinafter acquired or arising; (b) the ECKOLS shall not seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to Section 105 of the Bankruptcy Code or any I other provision of the Bankruptcy Code to stay, interdict, condition, reduce or inhibit the ability (00397477.4 906.99054341 Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151h Judicial Circuit/Case No. 2019CA015751 Page 9 of 23 i I i of CITY to enforce any rights it has by virtue of this Agreement, its liens, or any other rights CITY has, whether now or hereafter acquired against the ECKOLS or the Property; (c) the ECKOLS shall not challenge or attempt to challenge, or have any standing to challenge or attempt to challenge, for its own benefit, any transfer of any or all of the Property for the release of liens as a fraudulent conveyance under any federal, state or other law, (d) the ECKOLS shall not oppose the appointment of a trustee, examiner or receiver, and to the extent permitted by law will stipulate that any "custodian" (as defined in the Bankruptcy Code) which is in custody, control or possession of the Property, is excused from complying with Section 543 of the Bankruptcy Code Section 15: Survival. Unless otherwise set forth herein, the provisions of this Agreement shall survive the conveyance of the Property and delivery of the Deed. Section 16: No Liabili CITY shall not assume or be liable for any payables, debts, liabilities or obligations whatsoever of the ECKOLS except as may be expressly assumed in writing by the CITY and ECKOLS. ECKOLS shall indemnify the CITY and their successors and assigns against any such debts, liabilities or obligations (including attorneys' fees and costs incurred in connection therewith, including fees and, costs of appeal) which may be asserted against any such indemnified party as a result of this Agreement or of the transactions contemplated herein. This Section shall not survive in the event the CITY assigns any or all of its rights under this Agreement to a third-party other than the Boynton Beach Community i Redevelopment Agency. Section 17: Beneficiaries.Nothing herein or in any other part of this Agreement shall be i deemed to grant any rights to any third parties other than successors and assignees of the parties. This Agreement shall benefit and bind the ECKOLS and the CITY and their respective heirs, (OD397477.4 30"054341 '........ Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 150'Judicial Circuit/Case No.2019CAO 15751 Page 10 of 23 representatives, successors and assigns. The CITY may assign all or any of its rights hereunder to the Boynton Beach Redevelopment Agency, who shall be entitled to take title to the Property and otherwise exercise the CITY's rights hereunder. Section 18: Foreclosure. At the option of the CITY, the ECKOLS shall consent to and raise no objections or defenses to a foreclosure of the Property by the CITY rather than the conveyance described herein if necessary to conclude the settlement contemplated by the terms of this Agreement. Section 19: Joint and Several Obligations. Tile representations, warranties and covenants of the ECKOLS herein are joint and several. Section 20: Negation of Partnership. The relationship between the ECKOLS and the CITY is that of ECKOLS and creditor. Nothing contained in this Agreement will be deemed to create a partnership or joint venture between the CITY and the ECKOLS, or between the CITY and any other party, or to cause the CITY to be liable or responsible in any way for the actions, liabilities, debts or obligations of the ECKOLS or any other party.2 Section 21: Radon Gas. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained fiom your county public health unit. Section 22: Governing Law. This Settlement Agreement shall be interpreted, construed, and enforced pursuant to and in accordance with the laws of the State of Florida. Resolution of any dispute arising out of this Settlement Agreement shall be by a court having jurisdiction in Palm Beach County,Florida. (00397477A 3Wa9054341 Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Count of the 151 Judicial Circuit/Case No.2019CAOI5751 Page 11 of 23 Section 23: Miscellaneous_Provisions. (a) The Parties further acknowledge and represent that they: (i) have been given an opportunity to retain, and have retained, attorneys of their choice in connection with the execution of this Settlement Agreement; (ii) are filly satisfied with the professional services rendered by their respective attorneys; and (iii) have relied on the advice of their respective attorneys and their own informed judgment in executing this Settlement Agreement. (b) The Parties agree that the provisions of this Settlement Agreement shall inure to the benefit of and shall be binding upon the heirs, executors, administrators, successors and assigns of each of the Parties. Except as otherwise expressly provided herein, the Parties agree that this Settlement Agreement shall not and does not create any rights in any third persons. (c) The individuals executing this Settlement Agreement expressly represent and warrant that they are fiilly authorized to execute such documents, and have not granted to any third parties as of the date of the execution of this Settlement Agreement any of the rights bargained for in this Agreement. (d) Each of the individuals signing this Settlement Agreement hereby expressly warrants that he or she is in full command of his or her physical and mental facilities, and is sui juris in all respects. (e) The Parties further acknowledge and represent that they have reviewed and fully understand this Settlement Agreement, and that they have entered into this Settlement Agreement freely and voluntarily. (f) The Parties agree that this Settlement Agreement may be executed in two or more counterparts, each of which when so executed shall be deemed an original, but all of which counterparts together shall constitute one and the same instrument, and that facsimile signatures may be used in place of original signatures. (g) The Parties agree that if any provision of this Settlement Agreement or the application thereof to any party or circumstance shall to any extent be held invalid or unenforceable, the remainder of this Settlement Agreement, or the application of such provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby and each provision of this Settlement Agreement other than such invalid or unenforceable provision shall be valid and enforceable. (h) The Parties further agree that the section and paragraph headings in this Settlement Agreement are for convenience and reference only, and shall not be deemed to alter or affect the provisions thereof, {00397477.4 50&9905434} Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15"Judicial Circuit/Case No, 2019CAO 15751 Page 12 of 23 (i) Where necessary or appropriate to the meaning thereof, the singular and the plural shall be interchangeable and the words of any gender shall include all genders. (j) The Parties agree to the entry of the Agreed Final Judgment by the Circuit Court approving this Settlement Agreement and retaining jurisdiction to enforce its terms. (k) Time is of the essence with regard to this Settlement Agreement and all of its parts. (1) The Parties hereto state that they are not known by any other names or use any aliases except as disclosed herein. Section 24: Entire Agreement. The Parties agree and acknowledge that: (a) This Settlement Agreement constitutes a total and complete integration of the entire understanding and agreement between the Parties hereto; (b) here are no representations, warranties, understandings or agreernents between the Parties other than those specifically set forth in writing in this Settlement Agreement; - (c) In entering into this Settlement Agreement, none of the Parties has relied on any representation, warranty, understanding, agreement, promise or condition not specifically set forth in writing in this Settlement Agreement; (d) Except as expressly provided in this Settlement Agreement, all prior and/or contemporaneous discussions, negotiations, agreements and writings have been and are terminated and superseded by this Settlement Agreement; and (e) No changes and or additions to this Settlement Agreement shall be valid, enforceable or recognized unless made in a writing and signed by all of the Parties. Section 25: Release of Liens. Upon the execution of the closing documents, the City shall record releases of all code enforcement liens recorded by the City relating to the Subject j Property. Section 26: Waiver of Jure Trial. ECKOLS and CITY hereby knowingly, voluntarily and intentionally waive the right either may have to a trial by jury in respect to any lawsuit or f I litigation relating to, based hereon, or arising out of, under or in connection with this agreement, 1003974nA W6.9M434) Deed in Lieu of Foreclosure Settlement Agreement and Release fn The Circuit Court of the 151 Judicial Circuit/Case No,2019CA015751 Page 13 of 23 and any agreement contemplated to be executed in conjunction therewith, or in the course of conduct,course of dealing, statements (whether verbal or written) or actions of either party. [Remainder of this page intentionally left blank] [Signattrre pages to folloia,] (00397477.4 306.8905434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15'x'Judicial Circuit 1 Case No.2019CAO 15751 Page 14 of 23 ECKOLS '7b, LTD 4 BY: Signature Y Printed Name STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means ofFiA physical presence or 0 online notarization, this ;%' day of `..-'%''fir'': ° f, 2020, by !' , ;,f; a n their capacity as I , of ECKOLS '76,LTD, a State of .wrn }'i i < c; corporation;on behalf of the corporation. NOTAR*PUBLIC Personally Known OR JORDAN BRILL �� ,.•' o{r��kv�, Produced Identification *WCOMMMION#60096521 EXPIRES:Apd110,2021 ` 1 = E .11 .7 90Rd0d TWu Sud9ol NoWrV SeMCes t, I Type of Identification Produced i i I 100397477.4 90&9905434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151 Judicial Circuit/Case No.2019CA015751 j Page 15 of 23 ECKOLS '86,LTD By; Signature Printed Name STATE OF FLORIDA i COUNTY OF `'tet';,''.;.-\ The foregoing instrument was acknowledged before me by means of 1 physical presence or online notarization, this day of 4-�,)111114(J— 2020, by AJ^i r.;1 in their capacity as of ECKOLS '86,LTD, a State of corporation, on behalf of the corporation. aePn�;�f;�fri3'-..,'..;n`lf�'l'7� NOTARY PUBLIC Personally Known OR Produced Identification JORDAN eRILL ' MYCOMM1861mc0 00552 I EXPWO:April 10,2021 etwool"$onto Type of Identification Produced (00397477.4 90""54341 Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151 Judicial Circuit/Case No.2019CAO 15751 Page 16 of 23 CITY OF BOYNTON BEACH 14 By: Ig ature 1 Printed Name STATE OF FLO A COUNTY OF_#Lj4 161914a The foregoing instrument was acknowledged before me by means of EZfphysical presence or 0 online notarization, this day of 66rQ40e 2020, by 1V950/0 1615in their capacity ase17-Vof the CITY OF BOYNTON BEACH, a State of Florida municipal corporation,on behalf of the City. CRYS?AI.t).GIESON WCOWASSM#GG 326964 EWIRES:Apr#22,2023 BwvW Vu NaWyPdWUed.�wrl" N ARY PUBLIC Personally Known OR Produced Identification Type of Identification Produced 100397477A 3069905434} Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15"Judicial Circuit/Case Na 2019CAO 15751 Page 17 of 23 EXHIBIT"A" LEGAL DESCRIPTION That part of lots 20, 21, and 22, Block 2, Lake Addition, a Subdivision of the City of Boynton Beach, according to the plat thereof as recorded in Plat Book 11 Page 71, of the Public Records of Palm Beach County, Florida PCN#08-43-45-21-32-002-0201 i i (00397477.4 906-905434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 151h Judicial Circuit/Case No.2019CA015751 Page 18 of 23 EXHIBIT "B" WARRANTY DEED i i i i J00397477.4 306.9905434] Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15"Judicial Circuit/Case No.2019CAO15751 Page 19 of 23 E This Instrument was Prepared By and Return to: James A.Cherof,Esquire GOREN,CHEROF,DOODY&EZROL,P.A. 3099 East Commercial Boulevard,Suite 200 Fort Lauderdale,Florida 33308 Folio No.08-43-45-21-32-002-0201 WARRANTY DEED THIS INDENTURE, made this 30''�day of5 dare -X 1. 2020 2020 and between Eckols 176, Ltd., a Florida limited partnership and Eckols '86, Ltd., a Florida limited partnership as undivided tenants in common,hereinafter collectively referred to as "Grantor"and City of Boynton Beach,a Florida municipal corporation,whose post office address 100 E. Ocean Avenue, Boynton Beach,Florida 33435,hereinafter referred to as"Grantee." WITNESSETH: That said Grantor,for and in consideration of the sum of TEN($10.00)DOLLARS,and other good and valuable considerations to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the Grantee, and Grantee' successors and assigns forever, the following described land,situate, lying and being in PALM BEACH County, Florida, to wit: That part of Lots 20, 21 and 22, Block 2, LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in andfor Pahn Beach County, Florida, recorded in Plat Book 11, Page 71, of the Public Records of Palm Beach Comity, Florida, described as folloivs, BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20, a distance of 122.5 feet to a.point; thence Northerly at right angles to the South lure of said Lot 20, a distance of 131.7 feet, more or less to a point in the North lure 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 Soutlnvesterly along the West line of Lots 22, 21 and 20 to the point of beginning, subject to existing right-of-way of U.S Highway #I, (State Road #S), less the North sixty-six (66)feet thereof as measured at right angles to the North lure of the above-described parcel; TOGETHER with all improvements thereon and fixtures therein. PCN#008-43-45-21-32-002-0201 SUBJECT TO: Takes for current year and subsequent years, zoning and/or easements, restrictions and other matters appearing on the plat of the subdivision. This deed is an absolute conveyance of the title for $10.00 and other good and valuable consideration, including cancellation of the debt or release of personal liability, as applicable, and is not intended as an additional security for that certain Order Imposing Penalties/Lien recorded in Official Records Book 28231, Page 449, that certain Order Imposing Penalties/Lien recorded in Official Records Book 22491, Page 101 and that certain resolution no. 18-166 assessing a lien I D0395395.1306.99M34) I I in Official Records Book 30569, Page 966, all of the Public Records of Patin Beach County, Florida. And the Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. IN WITNESS NVUEREOF, Grantor has hereunto set Grantor's hands the day and year first above written. Signed,sealed and delivered Eckols'76,Ltd.,a Florida limited partnership in our presence: I y E By:Norman Olson,General Partner 2400 N.W.Boca Raton Blvd. (Print or Type Name) Boca Raton,FL 33431 (Print or Type Name) Signed,sealed and delivered Eckols'86,Ltd.,a Florida limited partnership in our presence: ;' �;_: , _...�,_-.. ,r�.-�..ti,�.-�G ..�.sem•.-. n-1 By:Norman Olson,General Partner 2400 N.W. Boca Raton Blvd. (Print or Type Name);:..-_� •' Boca Raton,FL 33431 .j 4-5 4 (Print or Type Marne) STATE OF FLORIDA COUNTY OF The foregoing instrument wap acknowledged before me by means of physical presence or _ online notarization this 1 fkday of-Vet,4 ,r-2020 by Norman Olson, as General Partner of Eelcols '76,Ltd.,a Florida limited partnership,on behalf of the partnership,who ✓ is personally known to me or_has produced a Florida driver's license as identific ion. NOTARY PUBLIC (00395395.1306-9905434) AJAB.AfARKOWICZ 2 1� {; Commission#00294255 Expires January 23,2023 ,,.° ftaidThiaTroy Filn[Mono d00485470it i { i STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means of physical presence or online notarization this � day of.. ! r; 2020 by Norman Olson, as General Partner of Eckols '86,Ltd.,a Florida limited partnership,on behalf of the partnership,who is personally known to me or has produced a Florida driver's license as identification, j NOTARY PUBLIC =MARKMCZCZ07.9426623,2823lnlneurance80a3a5�T019 i i i i Ii i i I i r f 3 I B i 100395395.1306-"05434) 3 t I f EXHIBIT "C" BILL OF SALE i i 400397477.4 3069905434) Deed in Lieu of Foreclosure Settlement Agreement and Release i In The Circuit Court of the 15'Judicial Circuit/Case No.2019CAO 15751 Page 20 of 23 i BILL OF SALE KNOW ALL MEN BY THESE PRESENTS, that Eckols '76, Ltd., a Florida limited partnership and Eckols '86, Ltd., a Florida limited partnership, collectively party of the first part, for and in consideration of the sum of TEN ($10.00) DOLLARS, in lawful money(and other good and valuable considerations) to it paid by City of Boynton Beach, a Florida municipal corporation, party of the second part, the receipt and sufficiency of which are hereby acknowledged, has granted, bargained, sold, transferred, set over and delivered,and by these presents do grant, bargain, sell, transfer, set over and deliver unto the party of the second part, its successors and assigns, all those certain goods described as follows: The structure/dwelling located at 1102 North Federal Highway,Boynton Beach, Florida also known as a portion of lots 20, 21, and 22, Block 2, Lake Addition, a Subdivision of the City of Boynton Beach, according to the plat thereof as recorded in Plat Book 11 Page 71, of the Public Records of Palm Beach County,Florida TO HAVE AND TO HOLD the same unto the party of the second part,its successors and assigns forever. And the party of the first part, for themselves, their successors and assigns, hereby covenants to and with the party of the second part, its successors and assigns, that they are the lawful owners of the said goods; that said goods are free from all liens and encumbrances; that it has good right to sell the same as aforesaid; and that it will warrant and defend the same against the lawful claims and demands of all persons whomsoever. IN WITNESS WHEREOF, the party of the first part has caused its corporate name to be hereunto subscribed and its corporate seal to be affixed by its officer hereunto duly authorized,this .3ti, day of 5 ,n 2020. Signed,sealed and delivered Eckols '76,Ltd.,a Florida limited partnership in our presence: i By:Norman Olson,General Partner to c7 p ,—e- S 2400 N.W. Boca Raton Blvd. (Print or.,Type Name); Boca Raton,FL 33431 I /fit �fir..... ? ?i'` �Ca i 11n (Print or Type Naine) 1 G 1 A Signed,sealed and delivered Eckols'86,Ltd.,a Florida limited partnership in our presence; r .. ............ By;Norman Olson,General Partner Zoo, 'fir" 2400 N.W. Boca Raton Blvd. (Print or.Type Name) Boca Raton, FL 33431 ., d{%.... L'C (Print or Type Name) STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means of s/ physical presence or_ online notarization this YQ44 day of. 2020 by Norman Olson, as General Partner of Ecicols'76,Ltd.,a Florida limited paz ne�,on behalf of the partnership,who t�is personally known to me or has produced a Florida driver's license as identifcat r 5 NOTARY PUBLIC STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means of__L/physical presence or_ online notarization this.{day of w r 2020 by Norman Olson, as General Partner of Eckols 186,Ltd.,a Florida limited pay tnership,on behalf of the partnership,who is personally known to I-no or_has produced a Florida driver's license as identification. NOTARY PUBLIC r far.y AJA$.MARKOWICZ Cflmmledon#00 204265 Expkesds Vsry23, 23 B�EedTHuSay�e�Ineurenc�8"5.101A i i 1 2 e t EXHIBIT"D" PARTNERSHIP AFFIDAVIT FOT ECKOLS 76' LTD i I i (COMMA 306-9905439) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 15'1 Judicial Circuit/Case No.2019CAO15751 Page 21 of 23 t This Instrument was Prepared By and Return to: James A.Cherof,Esquire GOREN,CHEROF,DOODY&EZROL,P.A. 3099 East Commercial Boulevard,Suite 200 Fort Lauderdale,Florida 33308 PARTNERSHIP AFFIDAVIT BEFORE ME, the undersigned authority, personally appeared Norman D. Olson, ("Affiant")who being by me first duly sworn,depose and say on oath as follows: 1. That Affiant is the sole surviving general partner("General Partner")of Eckols '76, Ltd.,a Florida limited partnership. 2. That Eckols '76,Ltd.,a Florida limited partnership(the"Partnership") is currently in existence tinder a valid partnership agreement. 3. The Partnership is a co-owner in fee simple, along with Eckols '86, Ltd., a Florida limited partnership, of that certain real property located at 1102 N. Federal Highway, Boynton Beach,Florida(the"Property")and more particularly described as follows: See Exhibit A 4. The Partnership has not been dissolved and has been in full force and effect during the entire time the Partnership has held title to the Property. 5. That the General Partner has consented to the conveyance of the Property as part of a deed in lieu of foreclosure action, and has also consented and authorized Norman D. Olson to execute the deed or any other conveyance documents. The deed to the City of Boynton Beach, a Florida municipal corporation is in the ordinary course of business and is not a sale of all or substantially all of the assets. In the alternative, consents have been obtained from all necessary partners. 6. That neither the Partnership nor the General Partner has been a debtor in a bankruptcy proceeding during the existence of the Partnership. 7. That the Partnership further agrees to indemnify and hold GOREN, CHEROF, DOODY & EZROL, P.A. harmless of and from any loss or damage, including court costs and attorneys fees, arising from reliance on the statements made herein or any other matters which adversely affect the title to the above described property. FURTHER AFFIANTS SAYETH NAUGHT. Norman D.Olson i I I STATE OF FLORJDA COUNTY OF 7a I Ilk C1 C It The foregoing instrument was acknowledged before me by means of 1/ physical presence or online notarization, on this 12:!"day of� , 2020 by Norman D. Olson, who L/ is personally known to me or who—has produced'a Florida Driver's License,as identification. jam®... ...,,�.._......� - NOTARY PUBLIC A,IAE.MANOWICZ CommlBdon m 294265 1� "S BpWeGIMy Qop Falx tnw�noe ogp,1E5Tb19' I I i EXHIBIT A LEGAL DESCRIPTION j i i That part of Lots 20, 21 and 22,Block.2,LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Palm Beach County, Florida, recorded in Plat Book 11,Page 71, of the Public Records of Palm Beach County, Florida, described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20, a distance of 122.5 feet to a point,- thence oint;thence Northerly at right angles to 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 Southtivesterly along the West line of Lots 22, 21 and 20 to the point of beginning, subject to existing right-of-way of U.S. Highway #1, (State Road 45), less the North sixty-six (66)feet thereof as measured at right angles to the North line of the above-described parcel; TOGETHER with all improvements thereon and fixtures therein. PCN#08-43-45-21-32-002-0201 i i 3 I FMIIBIT "E" PARTNERSMP AFFIDAVIT FOT ECICOLS 86' LTD i i r i ' , {00997477.4 9069905434] Deed in Lieu of Foreclosure Settlement Agreement and Release j In The Circuit Court of the 15'1'Judicial Circuit/Case No,2019CA015751 Page 22 of 23 This Insh•ument was Prepared By and Return to: James A.Cherof,Esquire GOREN,CHEROF,DOODY&EZROL,P.A. 3099 East Commercial Boulevard,Suite 200 Fort Lauderdale,Florida 33308 PARTNERSHIP AFFIDAVIT BEFORE ME, the undersigned authority, personally appeared Norman D. Olson, ("Affiant")who being by me first duly sworn,deposes and says on oath as follows: 1. That Affiant along with Eckols, Inc.,a Florida corporation are the general partners of Eckols '86,Ltd.,a Florida limited partnership(collectively the"General Partners"), 2. That Eckols '86,Ltd., a Florida limited partnership(the"Partnership") is currently in existence under a valid partnership agreement. 3. The Partnership is a co-owner in fee simple, along with Eckols '76, Ltd., a Florida limited partnership, of that certain real property located at 1102 N. Federal Highway, Boynton Beach,Florida(the"Property")and more particularly described as follows: See Exhibit A 4. The Partnership has not been dissolved and has been in full force and effect during the entire time the Partnership has held title to the Property. 5. That the General Partners have consented to the conveyance of the Property as part of a deed in lieu of foreclosure action,and have also consented and authorized Norman D. Olson to execute the deed or any other conveyance documents. The deed to the City of Boynton Beach, a Florida municipal corporation is in the ordinary course of business and is not a sale of all or substantially all of the assets. In the alternative, consents have been obtained from all necessary partners. 6. That neither the Partnership nor any of the General Partners have been debtors in a bankruptcy proceeding during the existence of the Partnership. 7. That the Partnership further agrees to indemnify and hold GOREN, CHEROF, DOODY & EZROL, P.A. harmless of and from any loss or damage, including court costs and attorneys fees, arising from reliance on the statements made herein or any other matters which adversely affect the title to the above described property. FURTHER AFFIANTS SAYETH NAUGHT. .... >,`" Norman D.Olson Eckols,Inc.,a Florida corpora '9n i. ' Ile— 'C4, Norman D.Olson,President A STATE OF FLORA COUNTY OF 1�� _ t F'U c bl. The foregoing instrument was acknowledged before me by means of V physical presence or _ online notarization, on this,�day of.Seo 2020 by Norman D. Olson, individually and as President of Eckols, Inc., a Florida corpot tion, on behalf of the corporation, who t/is personally known to me or who has produced a Florida Driver's License,as identification. . TARY PUBLIC " AJA B.MAPXOWICZ Conanmbn 0 003204255 •, ExphsimWHY ,2023 , 6prde0llwT�FeNIn��ranoeA00�66f0{4 I I I I I 1 f I e 9 EXHIBIT A LEGAL DESCRIPTION That part of Lots 20, 21 and 22, Block 2, LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Palm Beach County, Florida, recorded in Plat Book 11,Page 71, of the Public Records of Paha Beach County, Florida, described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20, a distance of 122.5 feet to a point, thence Northerly at right angles to 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 boundcny 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, subject to existing right-of-way of U.S Higinvay #1, (State Road#5), less the North sixty-six (66)feet thereof as measured at right angles to the North line of the above-described parcel; TOGETHER with all improvements thereon and fixtures therein. PCN#08-43-45-21-32-002-0201 3 EXHIBIT "F" ERRORS AND OMISSSIONS STATEMENT t I (00947477.4 306.9805434) Deed in Lieu of Foreclosure Settlement Agreement and Release In The Circuit Court of the 155i Judicial Circuit/Case No.2019CA0I5751 f Page 23 of 23 j r GOREN CHEROF DOODY& EZROLP.A. ATTORNEYS AT LAW ERRORS AND OMISSIONS/COMPLIANCE STATEMENT SELLER: Eckols'76,Ltd.,a Florida limited partnership and Eckols '86,Ltd.,a Florida limited partnership PURCHASER: City of Boynton Beach,a Florida municipal corporation PROPERTY: 1102 N. Federal Highway,Boynton Beach, Florida In order to induce the Purchaser to accept a deed in lieu of foreclosure regarding the above- referenced Property and in consideration thereof, the undersigned Seller hereby states: i The undersigned, in consideration of the Purchaser accepting a deed in lieu of foreclosure on the aforementioned Properly,agrees,if requested by Purchaser or its legal counsel on behalf of the Purchaser, to fully cooperate in adjusting for clerical errors and/or omissions, any and all closing documentation deemed necessary or desirable, in the reasonable discretion of Purchaser. Seller also agrees that it shall also provide a corrective deed in lieu of foreclosure and/or other documentation necessary if at a later date it is discovered that there is an error in the title or legal description of the Property. i The undersigned Seller agrees to comply with all above noted requests by the above-referenced Purchaser within 30 days from date of mailing of said requests. Seller agrees to assume all costs including, by way of illustration and not limitation, actual expenses, legal fees and marketing losses for failing to comply with correction requests in the above noted time period. # The undersigned Seller does hereby agree and covenant as aforesaid in order to assure that the closing documentation executed this date will conform and be acceptable in the market place in the instance of transfer, sale or conveyance by Purchaser of its interest in and to said closing documentation. SELLER: i Eckols '76,Ltd.,a Florida limited par rrrership I By:Norman Olson,General Partner And Eckols'86,Ltd.,a Florida limited partnership _fir s �,ef,,.,.�t.v—��'. '"-��_.c:--•yti,.�, � By:Norman Olson,General Partner I {00399308.130699054341 3099 E.Commercial Blvd,Suite 200,Fort Lauderdale,FI 33308 T 954-771-4500:561-276-9400 F 954-771-4923 www.GorenCharof.com i CFN 20200384683 OR BK 31823 PG 608 RECORDED 10/15/2020 13:50:55 Palm Beach County, Florida AMT 868,958.48 DEED DOC 6,083.00 Sharon R. Bock This Instrument was Prepared By and Return to: CLERK&COMPTROLLER James A. Cherof,Esquire Pgs 0608-0610; (3Pgs) GOREN,CHEROF,DOODY&EZROL,P.A. 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale,Florida 33308 Polio No.08-43-45-21-32-002-0201 WARRANTY DEED THIS INDENTURE, made this -3c i" day of 2020 and between Eckols '76, Ltd., a Florida limited partnership and Eckols '86, Ltd., +a Florida limited partnership as undivided tenants in common, hereinafter collectively referred to as "Grantor" and City of Boynton Beach,a Florida municipal corporation,whose post office address 100 E. Ocean Avenue, Boynton Beach, Florida 33435,hereinafter referred to as "Grantee." WITNESSETH: That said Grantor,for and in consideration of the sum of TEN ($10.00) DOLLARS,and other good and valuable considerations to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the Grantee, and Grantee' successors and assigns forever, the following described land, situate, lying and being in PALM BEACH County, Florida, to wit: That part of Lots 20, 21 and 22, Block 2, LAKE ADDITION, a subdivision of the City of Boylston Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Pahn Beach County, Florida, recorded in Plat Book 11, Page 71, of the Public Records of Pahn Beach County, Florida, described as follows.- BEGINNING ollows.BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, real easterly along the south line of said Lot 20, a distance of 122.5 feet to a point,- thence oint,thence Northerly at right angles to 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 l Lots 22, 21 and 20 to the point of beginning, subject t0 existing 1"Igl1t-of--tivay of 1 U.S. Highway #1, (State Road 95), less the North sixty-six (66)feet thereof as pleasured at right angles to the North line of the above-described parcel; TOGETHER with all improvements thereon andfixtures therein. PCN# 008-43-45-21-32-002-0201 SUBJECT TO: Taxes for current year and subsequent years, zoning and/or easements, 1, restrictions and other matters appearing on the plat of the subdivision. 1 This deed is an absolute conveyance of the title for $10.00 and other good and valuable consideration, including cancellation of the debt or release of personal liability, as applicable, and is not intended as an additional security for that certain Order Imposing Penalties/Lien recorded in Official Records Book 28231, Page 449, that certain Order Imposing Penalties/Lien recorded in Official Records Book 22491, Page 101 and that certain resolution no. 18-166 assessing a lien {00395395.1 306.94054341 CFN 20200384683 BOOK 31823 PAGE 609 2OF3 in Official Records Book 30569, Page 966, all of the Public Records of Palm Beach County, Florida. And the Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. IN WITNESS WHEREOF, Grantor has hereunto set Grantor's hands the day and year first above written. Signed, sealed and delivered Eckols '76,Ltd., a Florida limited partnership in our presence: By:Norman Olson,General Partner 2400 N.W. Boca Raton Blvd. (Print or Type Name), Boca Raton, FL 33431 (Print or Type Name) ! Signed,sealed and delivered Eckols '86, Ltd.,a Florida limited partnership in our presence: f, a By:Norman Olson,General Partner -( 0 �J r'&' � 2400 N.W. Boca Raton Blvd. (Print or Type Name) Boca Raton, FL 33431 (Print or Type Name) STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means of physical presence or _ online notarization this -,Lday of. t�; 2020 by Norman Olson, as General Partner of Eckols '76,Ltd., a Florida limited Partnership, on behalf of the partnership, who is personally known to me or has produced a Florida driver's license as identific4 ion. �y . > NOTARY PUBLIC {00395395.1306-9905434] ; tih3�,:`,''• AJAB,MARKOWICZ 2 v r tR1, .�Commission#GG 294255 �';it°`rf onled Thru Ny fin In urr :nce$00485-70% CFN 20200384683 BOOK 31823 PAGE 610 30F3 STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me by means of t/ physical presence or online notarization this, day of.. 2020 by Norman Olson, as General Partner of Eckols '86,Ltd., a Florida limited partnership, on behalf of the partnership, who i/is personally known to 1ne or_has produced a Florida driver's license as identification, ' NOTARY PUBLIC AJAO,MARKOWECZ Commission#GG 294265 Expires January 23,2023 Bonded TNu Troy Feln Insurance 800.3857019 i i 3 100395395.1306-9505434) 3 � A 1 RESOLUTION NO. R20-122 2 3 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 4 FLORIDA, APPROVING AND AUTHORIZING THE 5 MAYOR TO SIGN A QUIT CLAIM DEED 6 TRANSFERRING THE CITY OF BOYNTON BEACH 7 PROPERTY LOCATED AT 1102 NORTH FEDERAL 8 HIGHWAY,BOYNTON BEACH,FL TO THE BOYNTON 9 BEACH COMMUNITY REDEVELOPMENT AGENCY 10 (CRA); AND PROVIDING AN EFFECTIVE DATE. 11 12 WHEREAS, on October 1, 2019,the City Commission authorized the City Attorney 13 to file a foreclosure lawsuit for the Property located at 1102 N. Federal Highway, Boynton 14 Beach, FL 33435, a non-homesteaded and vacant commercial property, which had accrued 15 more than $800,000.00 worth of code and lot mowing liens; and 16 WHEREAS, on August 19, 2020, the City Commission approved a Settlement 17 Agreement between the City of Boynton Beach and the Property Owner Eckols '76 LTD and 18 Eckols '86 LTD., which included a Deed in Lieu of Foreclosure; and 19 WHEREAS, this Property is located within the Community Redevelopment Agency 20 (CRA), immediately adjacent to another CRA-owned property and the transfer of this property 21 to the CRA will further promote the goals and objectives of the City; and 22 WHEREAS,the City Commission, upon recommendation of staff,deems it in the best 23 interest of the Citizens and residents of the City of Boynton Beach to approve and authorize 24 the Mayor to sign a Quit-Claim Deed transferring the City-owned property located at 1 102 25 North Federal Highway to the Boynton Beach Community Redevelopment Agency. 26 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 27 THE CITY OF BOYNTON BEACH, FLORIDA,THAT: 28 Section 1. The foregoing"WHEREAS"clauses are true and correct and hereby 29 ratified and confirmed by the City Commission. SACATFSOTeal EstateyT'ransferring 1 102 N Federal Hwy To CRA-Reso.Docx I Section 2. The City Commission of the City of Boynton Beach hereby approves 2 and authorizes the Mayor to sign a Quit-Claim Deed transferring the City-owned property at 3 1102 North Federal Highway to the Boynton Beach Community Redevelopment Agency. A 4 copy of the Quit-Claim Deed is attached hereto as Exhibit"A". 5 Section 3. That this Resolution will become effective immediately upon passage. 6 PASSED AND ADOPTED this_-q- day of November, 2020. 7 CITY OF BOYNTON BEACH, FLORIDA 8 YES NO 9 10 11 Mayor— Steven B. Grant 12 13 Vice Mayor—Ty Penserga 14 15 Commissioner—Justin Katz 16 17 Commissioner— Woodrow L. Hay 18 19 Commissioner—Christina L. Romelus 20 21 22 VOTE 23 24 25 ATTEST: 26 27 28 x� '94, 29 C stal Gibson, MMC 30 City Clerk 31 32 33 34 (Corporate Seal) 35 11 n � C 0 A f S 01Reaf EstaW\Tidierring 1 102 N Federal Hwy To CRA-Reso-Docx This Instrument was Prepared by: Heather Needelman,Esquire GOREN,CHEROF,DOODY&EZROL,P.A. 3099 E.Commercial Boulevard,Suite 200 Fort Lauderdale,Florida 33308 PIN:08-4345-21-32-002-0201 QUIT CLAIM DEED THIS QUIT CLAIM DEED made this "day of r,2020 between the City of Boynton Beach, a Florida municipal corporation,whose post office address 100 E. Ocean Avenue, Boynton Beach, Florida 33435, (hereinafter referred to as "Grantor") and Boynton Beach Community Redevelopment Agency, a Florida public body corporate and politic created pursuant to Section 163.356 F.S whose post office address is 100 E Ocean Ave 4th floor, Boynton Beach, FL 33435 (hereinafter referred to as "Grantee"). "Grantor" and "Grantee"are used for singular or plural, as context requires. WITNESSETH: That Grantor,for and in consideration of the sum of Ten Dollars(S 10.00)in hand paid by Grantee,receipt whereof is hereby acknowledged,has granted,bargained and quit-claimed to said Grantee and Grantee's successors and/or assigns forever the following described real property situate,lying and being in PALM BEACH County,Florida,to wit: That part of Lots 20, 21 and 22, Block 2,LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Palm Beach County, Florida, recorded in Plat Book 11, Page 71, of the Public Records of Palm Beach County, Florida, described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20,a distance of 122.5 feet to a point;thence Northerly at right angles to the South line of said Lot 20, a distance of 131.7 feet, more or less to a point in the North line ofLot 22,Block 2,LAKEADDITION;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, subject to existing right-of-way of U.S.Highway#1, (State Road #5), less the North sixty-six (66)feet thereof as measured at right angles to the North line of the above-described parcel; TOGETHER with all improvements thereon and fixtures therein. (00407634.1 306-9905434) c To Have and to Hold the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title interest, lien, equity and claim whatsoever of Grantor, either in law or equity, for the use,benefit and profit of said Grantee forever. IN WITNESS WHEREOF, Grantor hereunto sets Grantor's hand and seal the day and year first above written. Signed, sealed, and delivered CITY OF BOYNTON BEACH, a Florida in the presence of municipal corporation Witness By: Steven B. Grant H AY1 A ELIAS Title: Mayor (Print Name) Witness (Print Name) STATE OF FLORIDA COUNTY OF PALM BEACH The foregoing instrument was gknowledged before me by means of_online notarization or physical presence this day of November,2920 by Steven B. Grant,as Mayor of the City of Boynton Beach, on behalf of the City,who is personally known to me or has produced a Florida Driver's License as identification. 7 NOTARY PUBLIC a• LYNN M.S"WN r, s MY GOM1aAtS51 0N#GG 150313 a Qt. E(p{RES.November 17PUW Un, (00407634.1 306-99054341 2 of 2 IrOT V, TON BE 561-375-8363 November 2nd, 2020 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4th Floor Boynton Beach, FL 33435 Letter of Intent:To Purchase and Develop the City and CRA owned Properties located at 1102& 1110 North Federal Highway, Boynton Beach, Florida Dear Mr. Simon, The Fish Depot recently inquired about the two properties located at 1102 & 1110 N. Federal prior to 1102 as showing the City's ownership. We have been in discussions to purchase the existing building we are in with our landlord since September. During our internal business meetings, it was suggested that we look at alternative locations that may be more affordable and will better fit our long-term objectives. We did not have to look too far,just out the window. Our ideal Location has been standing next door empty for a Decade or more! It was only during our search to locate the owner of 1102 N. Federal that we discovered that the City of Boynton had already taken possession of it. We have since been in the process of creating what is possible without the risk of losing our current customer base by leaving our current location and quite possibly leaving the City of Boynton Beach altogether. 1022 has been the home to The Fish Depot for well over 10 years. We have been operating the business since 2013.The location has been a Fish Market for close to 30 years. Should you choose our Proposal,you will find that we intend to create a beautiful and vibrant new location for The Fish Depot Seafood Market and add a cafe with amazing food &atmosphere.This will be the Cornerstone of the Martin Luther King Blvd. intersection for decades. It will also be our Flagship location which will define the next 10, 20 and more Fish Depot locations across the state. We are currently working with a large private investor creating this structure. We also have had the conversations and ability to secure the long-term funding required to purchase and develop the property through the SBA. IrOT V, TON BE 561-375-8363 It is no secret that this stretch of Federal Highway in Boynton Beach is not only plighted, but it is also considered a Food Desert.There are no new, vibrant and exciting places to go get something to eat in our area. We will be the start of creating an amazing revitalization of the North Federal Corridor! This project will also clear the way for another amazing new opportunity to be constructed on the 1022 N. Federal Highway property further expanding the exciting revitalization of corridor. What that will possibly be? I have no idea, but I look forward to the day when both corners on the east side on Federal Highway at Martin Luther King Blvd. are bustling with vibrant new businesses! We do intend to utilize the current CBS structure in our design plans and create a parking lot on the 1110 property to ensure adequate parking for the venture.The CBS building is sound.The Terrazzo floors show no settling cracks.The current roof is shot and will be replaced. We will also be installing an attractive arched metal roof over the entire building and current cement pad located on the north side of the building. The cement pad will become an outdoor seating area which is desired in the new norm post Covid-19.This roof will serve multiple purposes. 1. It will provide cover for the equipment located on the roof as required by city code. 2. It will provide shade. Not only for the patios seating area, but for the building itself as an added layer of insulation. 3. Its design will also provide wind protection in the eventual occurrence of tropical weather. We also intend to replace all current glass, install hurricane rated doors and windows and even add additional windows for natural light. The offer we are making to the City of Boynton is to buy both parcels combined for$500,000. We will be investing an additional estimated$250,000 to$350,000 in Improvements to the properties between our investor, SBA financing and the various CRA Grants available to the project. Either way the two properties will be substantially increasing the Taxable Value, realized increased property tax revenue and Creating a New Future of the North Federal Corridor in Boynton Beach, Florida. Sincerely, Tim Collins The Fish Depot IrOT V, TON BE 561-375-8363 1022 N. Federal Highway Boynton Beach, FL 33435 (954)415-4825 ti i a tt, p t� k kv f1i i ttnti�{7. r t;it t1} (t i Itt}ttf 7� i tJ��t�� . . s t t •t = S t(� Lkt t � �iS` 71,nd;t'ittl�is�'ht d S i ttd a rtt `z L�tY d� t^'1`� ci 1� ,G� f ,F„_ r i,,,S r44 SFt d tt trt il>a ea; ts� t at a +t t t...... t;t t t S j( l zT S m r fi �r it+s Sl �� sus e u Sl� t)s t t +} t i,,,.)� }pi S %�,.��U l�,.f S,1.L Jf� vr�'•`��.t�5 {�� }r S�lir;,it .,i?'! l� i, ��'{( t �€ 1� }.,t.-_� , 4�3+La- , �I ,}„,�,--..r -.,. `t-�. x rk t s,l ,,r s S � �z7 ��s s.�ot�, k,..�4}�5. t } c s'�?i± r sr��„ �� !s,,� � s� t, ,-R s s ��„ �'t S,.,a�rrF ti?�i��S�r�k f'��s}� iiS;,.��•s `SVt,�,,��1�s?��tl,as�,}�, y `�'\s.. {� �ArStl{�,Jsi} 1`s �+,. n{t �,,: ,tFt((�=�afl��3 `k)➢kS�, �1f7fi�ir,S�tt��;�t'it,;�if�t ry t�it,t e,,,. 4?�,+ .rifi"�til�i��l�ul;4't�r��;t' r r,��l�§ tin`t,� F � �7U ra~1l i„1� ��3��-1 fl� t tA.,}��j st t�{a {�f t \ 'tsh) �i�s�•<�`x�,7,,�i'-tht, r�1}sM•,;�� 5� S xGi��tt�+r�ti�it S��:�ilg�S„t�t 1�{s rFc tt� �;�'s 1,, F.f�"tiSt�t�t J�{�S�. �hct�t )�� Fta,��.0 �t�l� �w. Ft��'�t lS;�{i'j it��}1,�.t's..1S') )r �4 t, err rs r i s s}.f�r'vrtl �t\�(h } i�irr r�y`21s t n r r � r rr r�t r t t I P - is1 � Sd� r , t� t+� rf '1 a: qI t it a r From: Sam Roaatinsky To: Simon,Michael;Shutt,Thuy; Deris Bardales Cc: Samuel Roaatinsky Subject: progress report for December 8th Board Meeting Date: Friday,December 4,2020 3:06:03 PM Attachments: imaae002.ona Dear CRA Board, Thank you for the opportunity to provide you with a progress update relating to the design and development of an office condominium to be built on the property located at 1102 and 1110 N. Federal Highway. Deris Bardales and I appreciate the time and effort that has been expended by the CRA staff and the board members. As previously discussed the new modern building will serve as an office and broadcast studio for both WPBR 1340 AM, 96.1 FM and 95.1 FM as well as the professional offices of BDH Consulting Group, Engineers, Surveyors and Planners. As you are aware, both of our respective companies have been active businesses in the city of Boynton Beach and both companies have agreed to jointly develop the property owned by the city and the CRA. Since our last meeting, the principals of both companies have met on the property and via zoom meetings to discuss the building that will be built on the property. After consulting with the CRA staff and outside legal and design professionals, we determined that it would be prudent to combine both lots and build one building that will accommodate both businesses and be divided equally between both parties. Further, since the building will share a common wall the building will be established under the laws of Florida condominium. By establishing the building as a condominium the common areas and landscaping will be maintained by the condominium association which shall be comprised of both parties. Both Mr. Bardales and I have been actively interviewing professionals to move this project forward as soon as we receive the final decision from the board. We have met with a condominium lawyer who will draft the condominium documents and file with the state. We have met with two architects and a qualified general contractor who has completed two buildings in Palm Beach county for me in the past two years. Finally, we have decided on a name for the condominium association and it will be called Boynton Beach Office Condominium, LLC. We are ready to move forward and look forward to building and completing this project within the next 12 months. Sincerely, Samuel Rogatinsky, Esq. Managing Attorney 3113 Stirling Road,Suite 103 Fort Lauderdale, FL 33312 Phone:954-404-6140 Fax:954-925-1640 www.roEatinskylaw.com E-Service:.mailto:roEatinskvfirm@Email.com gmail.com ****PRIVILEGE AND CONFIDENTIALITY NOTICE:This e-mail and any attachments are intended to be confidential. They are legally privileged under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521,and may be further protected by the attorney client and work product privileges. It is intended only for the use of the person or persons named above. If you are not the intended recipient,you are hereby notified that any review, dissemination,distribution of duplication of this communication is strictly prohibited. If you are not the intended recipient, please contact the sender by reply email or the above phone number and destroy all copies of the original message. ***** " 'BE CRA COMMUNITY REDEVELOPMENT AGENCY Boynton Beach Community Redevelopment Agency Policy for Processing Letters of Intent to Purchase Property The Boynton Beach CRA ("CRA") will use the process outlined in this Policy for Processing Letters of Intent to Purchase Property ("Policy ") to address any Letters of Intent to Purchase Property that the CRA receives that are not the result of a formal request for such letters. The Policy is designed to ensure a fair process for property disposal, furthers the goals and objectives of the 2016 Boynton Beach Community Redevelopment Pla n, and acts in the best interest of the CRA. Letter of Intent Policy: When the CRA receives a Letter of Intent to purchase a property owned by the CRA, the CRA staff will add an item to the agenda of the next regularly scheduled CRA Board meeting to discuss the Letter of Intent. However, if the Letter of Intent is received by the CRA less than 5 days before the next regularly scheduled CRA Board meeting, the CRA staff will add the Letter of Intent item to the agenda of the next available regularly scheduled CRA Board meeting. The CRA staff will include the Letter of Intent and all supporting documents as backup to the Letter of Intent agenda item. If the CRA receives two (2) unsolicited Letters of Intent for the same CRA owned property during the Public Notice of Disposal period, CRA staff will notify the CRA Board in writing and automatically begin planning for the Request for Proposal process and bring the Request for Proposal document to the Board at the next available meeting for their review and approval. At the regularly scheduled CRA Board meeting, the CRA Board may consider one of the following options upon receipt of a Letter of Intent to purchase a CRA-owned property: Option I - The CRA Board may accept the Letter of Intent and direct the CRA staff and legal counsel to negotiate the terms and conditions of a Purchase and Development to be presented at a future meeting and direct the CRA staff to issue a thirty (30) day Public Notice to Dispose. If during the Public Notice period, the CRA receives one or more additional Letters of Intent to purchase the same property, the CRA Board will direct the CRA staff and legal counsel to develop a request for proposal document to be presented to the CRA Board for their consideration at the next available meeting. The CRA will then follow its regular procedures for issuing requests for proposals, evaluating responses, and selecting the successful proposal(s); Option II - The CRA Board may determine that it is in the best interest of the CRA to solicit additional offers to purchase the property, the CRA Board will direct the CRA staff and legal counsel to develop a request for proposal document to be presented to the CRA Board for their consideration at the next available meeting. The CRA will then follow its regular procedures for issuing requests for proposals, evaluating responses, and selecting the successful proposal(s); or, Option III - The CRA Board may determine that it is in the best interest of the CRA to reject the terms and conditions of the Letter of Intent and elect not to proceed with any further action. 00849969-I PURCHASE AND DEVELOPMENT AGREEMENT This Purchase and Development Agreement (hereinafter "Agreement") is made and entered into as of the Effective Date (hereinafter defined), by and between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III, of the Florida Statutes (hereinafter "SELLER") and BOYNTON BEACH OFFICE CONDOMINIUM, LLC, or its affiliated assignee (hereinafter "PURCHASER", and together with the SELLER, the "Parties"). In consideration of TEN DOLLARS AND 00/100 DOLLARS ($10.00) and the mutual covenants and agreements herein set forth, the receipt and sufficiency of which is hereby acknowledged the Parties hereto agree as follows: 1. PURCHASE AND SALE/PROPERTY. SELLER agrees to sell and convey to PURCHASER and PURCHASER agrees to purchase and acquire from SELLER, on the terms and conditions hereinafter set forth, the real property legally described in Exhibit "A" attached hereto (hereinafter the "Property"). The Parties intend that the purchase and sale and ensuing redevelopment of the Property will be affected in order to reduce slum and blight and to enable the construction of a multi-tenant commercial building with a maximum of 3,200 square feet and associated parking and all other required development standards according to the City of Boynton Beach (the "Project"). 2. PURCHASE PRICE AND PAYMENT. The Purchase Price for the Property shall be One Hundred Five Thousand AND 00/100 DOLLARS ($105,000.00)to be paid in full at Closing. In addition to the cash purchase amount of$105,000.000, for a period of five years, the CRA shall receive advertising credit in the amount of$95,000.00 from Palm Beach Radio Group, LLC(PBRG) and to be on the basis of the rate card attached hereto, as Exhibit"D"and professional surveying and engineering services in the amount of $100,000.00 from BDH Consulting Group, LLC to be utilized by the CRA or as assigned by the CRA to businesses or landowners for work in the CRA. Said services will be provided at the rates set forth in Exhibit E upon mutually agreeable and customary terms set forth in a work order on a project by project basis consistent with the intent of this Agreement and Seller's governing regulations.The CRA shall have discretion on how to utilize radio time and format on its own behalf or on behalf of designated CRA businesses that it chooses to assist with advertising.The designated times can be utilized as a community show or advertising spots The CRA shall also have discretion on how to utilize or allocate the professional surveying and engineering services being provided by BDH. SELLER has complied with Section 163.380, Florida Statutes, in proceeding with the sale of the Property to PURCHASER. 3. DEPOSITS. An Initial Deposit in the amount of Five Thousand AND 00/100 DOLLARS ($5,000.00) shall be deposited with Lewis, Longman & Walker, P.A. (hereinafter "Escrow Agent") within two (2) business days following execution hereof by the Parties. The Initial Deposit shall be fully refundable to PURCHASER, if prior to the expiration of the Feasibility PURCHASER's Initials: SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 2 of 20 Period (as hereinafter defined),the PURCHASER advises SELLER in writing that it does not intend to complete the purchase of the Property. 4. EFFECTIVE DATE. The date of this Agreement (the "Effective Date") shall be the date when the last one of the SELLER and PURCHASER has signed this Agreement. 5. CLOSING. The PURCHASER'S obligation to close on the purchase of the Property is contingent on the following: a. PURCHASER obtaining site plan approval from the City of Boynton Beach, Florida (the"City")to build a multi-tenant use commercial building with a maximum 3,200 square feet and associated parking and all other required development standards according to the City of Boynton Beach on the Property within the timeframe set forth in Paragraph 20(b) below. b. Seller delivering marketable title to the Property subject only to those title exceptions acceptable to the PURCHASER, all as more specifically set forth herein. 6. CLOSING DATE. The Closing shall take place thirty(30)after meeting the condition set forth in Section 5(a) at such location to which the parties may mutually agree in writing. 7. TITLE TO BE CONVEYED. At Closing,SELLER shall convey to PURCHASER, by Special Warranty Deed complying with the requirements of the Title Commitment(hereinafter defined), valid,good, marketable and insurable title in fee simple to the Property,free and clear of any and all liens, encumbrances, conditions, easements, assessments, restrictions and other conditions except only the following (collectively,the "Permitted Exceptions"): (a) general real estate taxes and special assessments for the year of Closing and subsequent years not yet due and payable; (b) covenants, conditions, easements, dedications, rights-of-way and matters of record included on the Title Commitment or shown on the Survey(defined in Section 8.3), to which PURCHASER fails to object, or which PURCHASER agrees to accept. 8. INVESTIGATION OF THE PROPERTY. For a period until twenty (20) days from the Effective Date ("Feasibility Period"), PURCHASER and PURCHASER'S agents, employees, designees, Contractors, surveyors, engineers, architects, attorneys and other consultants (collectively, "Agents"), shall have the right, at PURCHASER'S expense,to make inquiries of, and meet with members of Governmental Authorities regarding the Property and to enter upon the Property, at any time and from time to time with reasonable notice to SELLER and so long as said investigations do not result in a business interruption, to perform any and all physical tests, inspections, and investigations of the Property, including but not limited to Phase I and Phase II environmental investigations, which PURCHASER may deem necessary. During the Feasibility Period, PURCHASER may elect, in PURCHASER'S sole and absolute discretion, to terminate this Agreement. If PURCHASER elects to terminate this Agreement in accordance with this Section, PURCHASER shall: (i) leave the Property in substantially the condition existing on the Effective PURCHASER's Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 3 of 20 Date; (ii) shall repair and restore any damage caused to the Property by PURCHASER'S testing and investigation; and (iii) release to SELLER, at no cost, all reports and other work generated as a result of the PURCHASER'S testing and investigation. PURCHASER hereby agrees to indemnify and hold SELLER harmless from and against all claims, losses, expenses, demands and liabilities, including, but not limited to, reasonable attorney's fees, for nonpayment for services rendered to PURCHASER (including, without limitation, any construction liens resulting therefrom) or for damage to persons or property arising out of PURCHASER'S investigation of the Property. PURCHASER'S obligations under this Section shall survive the termination, expiration or Closing of this Agreement. 8.1 Seller's Documents. SELLER shall deliver to PURCHASER the following documents and instruments within five (5) days of the Effective Date of this Agreement: any existing title policies, appraisals, copies of any reports or studies (including environmental, engineering, surveys, soil borings and other physical reports) in SELLER'S possession or control with respect to the physical condition of the Property, copies of all permits, authorizations and approvals issued by Governmental Authorities for the Property and any correspondence which discloses claims, allegations or adverse information regarding the Property or SELLER with respect to the Property. 8.2 Title Review. Within thirty (30) days of the Effective Date, SELLER's counsel, as closing agent for the transaction contemplated herein (the "Closing Agent") shall obtain, at the SELLER'S expense, from a Title Company chosen by SELLER (hereinafter "Title Company"), a Title Commitment covering the Property and proposing to insure PURCHASER in the amount of the Purchase Price subject only to the Permitted Exceptions, together with complete and legible copies of all instruments identified as conditions or exceptions in Schedule B of the Title Commitment. PURCHASER shall examine the Title Commitment and deliver written notice to SELLER no later than twenty (20) days after receipt of the Title Commitment notifying SELLER of any objections PURCHASER has to the condition of title (hereinafter "PURCHASER'S Title Objections"). If PURCHASER fails to deliver PURCHASER'S Title Objections to SELLER within the aforesaid review period,title shall be deemed accepted subject to the conditions set forth in the Title Commitment. If PURCHASER timely delivers the PURCHASER'S Title Objections, then SELLER shall have thirty (30) days to cure and remove the PURCHASER'S Title Objections (hereinafter"Cure Period"). In the event that SELLER is unable or unwilling to cure and remove, or cause to be cured and removed, the PURCHASER'S Title Objections within the Cure Period to the satisfaction of PURCHASER,then PURCHASER, in PURCHASER'S sole and absolute discretion, shall have the option of (i) extending the Cure Period and the Closing for one additional thirty (30) day period at no cost to PURCHASER,or(ii)accepting the Title to the Property as of the time of Closing or (iii) canceling and terminating this Agreement, in which case, any Deposits shall be returned to PURCHASER and the Parties shall have no further obligations or liability hereunder, except for those expressly provided herein to survive termination of this Agreement. Prior to the Closing, PURCHASER shall have the right to cause the Title Company PURCHASER's Initials: SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 4 of 20 to issue an updated Title Commitment("Title Update")covering the Property. If any Title Update contains any conditions which did not appear in the Title Commitment, and such items render title unmarketable, PURCHASER shall have the right to object to such new or different conditions in writing prior to Closing. All rights and objections of the Parties with respect to objections arising from the Title Update shall be the same as objections to items appearing in the Title Commitment, subject to the provisions of this Section. 8.3 Survey Review. PURCHASER, at PURCHASER'S expense, may obtain a current boundary survey (the "Survey") of the Property, indicating the number of acres comprising the Property to the nearest 1/100th of an acre. If the Survey discloses encroachments on the Property or that improvements located thereon encroach on setback lines, easements, lands of others or violate any restrictions, covenants of this Agreement, or applicable governmental regulations, the same shall constitute a title defect and shall be governed by the provisions of Section 8.2 concerning title objections. 9. CONDITIONS TO CLOSING. PURCHASER shall not be obligated to close on the purchase of the Property unless each of the following conditions(collectively,the "Conditions to Closing") are either fulfilled or waived by PURCHASER in writing: 9.1 Representations and Warranties. All of the representations and warranties of SELLER contained in this Agreement shall be true and correct as of Closing. 9.2 Pending Proceedings. At Closing, there shall be no litigation or administrative agency or other governmental proceeding of any kind whatsoever involving the Property or the SELLER, pending or threatened, which has not been disclosed, prior to closing, and accepted by PURCHASER. 9.3 Compliance with Laws and Regulations. The Property shall be in compliance with all applicable federal,state and local laws,ordinances, rules, regulations,codes, requirements, licenses, permits and authorizations as of the date of Closing. 10. CLOSING DOCUMENTS. The SELLER shall prepare, or cause to be prepared, the Closing Documents set forth in this Section, except for documents prepared by the Title Company. At Closing,SELLER shall execute and deliver, or cause to be executed and delivered to PURCHASER the following documents and instruments: 10.1 Deed and Authorizing Resolutions. SELLER shall furnish a Special Warranty Deed (the "Deed") conveying to PURCHASER valid, good, marketable and insurable fee simple title to the Property free and clear of all liens, encumbrances and other conditions of title other than the Permitted Exceptions, together with such resolutions or other applicable authorizing documents evidencing approval of the transaction by the SELLER's governing body as the Closing Agent and the title Company may require. PURCHASER's Initials: C /` SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 5 of 20 10.2 Seller's Affidavits. SELLER shall furnish to PURCHASER an owner's affidavit attesting that, to the best of its knowledge, no individual or entity has any claim against the Property under the applicable construction lien law,that the SELLER will not record or enter into documents affecting the Property after the last effective date on the Title Commitment,and that there are no parties in possession of the Property other than SELLER. SELLER shall also furnish to PURCHASER a non-foreign affidavit with respect to the Property. In the event SELLER is unable to deliver its affidavits referenced above,the same shall be deemed an uncured Title Objection. 10.3 Closing Statement. A closing statement setting forth the Purchase Price, all credits, adjustments and prorations between PURCHASER and SELLER, all costs and expenses to be paid at Closing, and the net proceeds due SELLER, which SELLER shall also execute and deliver at Closing. 10.4 Corrective Documents. Documentation required to clear title to the Property of all liens, encumbrances and exceptions, if any, other than Permitted Exceptions. 10.5 Additional Documents. Such other documents as PURCHASER or the Title Company may reasonably request that SELLER execute and deliver, and any other documents required by this Agreement or reasonably necessary in order to close this transaction and effectuate the terms of this Agreement. 11. PRORATIONS CLOSING COSTS AND CLOSING PROCEDURES. 11.1 Prorations. Taxes for the Property shall be prorated through the day before Closing. Cash at Closing shall be increased or decreased as may be required by prorations to be made through the day prior to Closing. Taxes shall be prorated based upon the current year's tax with due allowance made for maximum allowable discount. If Closing occurs at a date when the current year's millage is not fixed and current year's assessment is available,taxes will be prorated based upon such assessment and prior year's millage. If current year's assessment is not available, then taxes will be prorated on prior year's tax. A tax proration based on an estimate shall, at request of either party, be readjusted upon receipt of tax bill which discloses an actual difference in the amount of the taxes estimated at Closing that exceeds $1,000.00. 11.2 Closing Costs. SELLER shall pay for documentary stamps on the deed, recording the deed and any cost associated with curing title. Purchaser shall pay all other closing expenses. Each party shall be responsible for their respective attorneys'fees. 11.3 Closing Procedure. PURCHASER shall fund the Purchase Price subject to the credits, offsets and prorations set forth herein. SELLER and PURCHASER(as applicable) shall execute and deliver to the Closing Agent the Closing Documents. The Closing Agent shall, at Closing: (i) disburse the sale proceeds to SELLER; (ii) deliver the Closing Documents and a "marked-up" Title Commitment to PURCHASER, and promptly thereafter, record the Deed and PURCHASER's Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 6 of 20 other recordable Closing Documents in the appropriate public records. 11.4 Existing Mortgages and Other Liens. At Closing, SELLER shall obtain, or cause to be obtained, satisfaction or release of record of all mortgages, liens and judgments applicable to and encumbering the Property. 12. REPRESENTATIONS COVENANTS AND WARRANTIES. SELLER hereby represents, covenants and warrants to PURCHASER, as of the Effective Date and as of the Closing Date, as follows: 12.1 Authority. The execution and delivery of this Agreement by SELLER and the consummation by SELLER of the transaction contemplated by this Agreement are within SELLER'S capacity and all requisite action has been taken to make this Agreement valid and binding on SELLER in accordance with its terms.The person executing this Agreement on behalf of SELLER has been duly authorized to act on behalf of and to bind SELLER, and this Agreement represents a valid and binding obligation of SELLER. 12.2 Title. SELLER is and will be on the Closing Date, the owner of valid, good, marketable and insurable fee simple title to the Property, free and clear of all liens, encumbrances and restrictions of any kind,except the Permitted Exceptions(and encumbrances of record which will be discharged at Closing). 12.3 Litigation. There are no actions, suits, proceedings or investigations pending or threatened against Seller or the Property affecting any portion of the Property, including but not limited to condemnation actions. 12.4 Parties in Possession. There are no parties other than SELLER in possession or with a right to possession of any portion of the Property. 12.5 Acts Affecting Property. From and after the Effective Date, SELLER will refrain from (a) performing any grading, excavation, construction, or making any other change or improvement upon or about the Property; (b) creating or incurring, or suffering to exist, any mortgage, lien, pledge, or other encumbrances in any way affecting the Property other than the Permitted Exceptions (including the mortgages, liens, pledges, and other encumbrances existing on the Effective Date) and (c) committing any waste or nuisance upon the Property. 13. DEFAULT. 13.1 PURCHASER'S Default. In the event that this transaction fails to close due to a wrongful refusal to close or default on the part of PURCHASER, SELLER shall be entitled to retain the Deposit, and neither PURCHASER nor SELLER shall have any further obligation or liabilities under this Agreement, except for those expressly provided to survive the termination of this Agreement; provided, however,that PURCHASER shall also be responsible for the removal PURCHASER's Initials: SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 7 of 20 of any liens asserted against the Property by persons claiming by,through or under PURCHASER. 13.2 SELLER'S Default. In the event that SELLER fails to fully and timely to perform any of its obligations and covenants hereunder or if SELLER is in breach of any representations herein, PURCHASER may, at its option (i) declare SELLER in default under this Agreement in which event PURCHASER may terminate this Agreement, receive back its Deposit and neither party shall have any further rights hereunder. 13.3 Notice of Default. Prior to declaring a default and exercising the remedies described herein, the non-defaulting Party shall issue a notice of default to the defaulting Party describing the event or condition of default in sufficient detail to enable a reasonable person to determine the action necessary to cure the default. The defaulting Party shall have fifteen (15) days from delivery of the notice during which to cure the default, provided, however, that as to a failure to close,the cure period shall only be three(3) business days from the delivery of notice. If the default has not been cured within the aforesaid period, the non-defaulting Party may exercise the remedies described above. 13.4 Survival. The provisions of this Section 13 shall survive the termination of this Agreement. 14. NOTICES. All notices required in this Agreement must be in writing and shall be considered delivered when received by certified mail, return receipt requested, or personal delivery to the following addresses: If to Seller: Boynton Beach Community Redevelopment Agency Michael Simon, Executive Director 100 E. Ocean Avenue,4th Floor Boynton Beach, FL 33435 With a copy to: Kenneth Dodge, Esquire Lewis, Longman &Walker, P.A. 515 North Flagler Drive,Suite 1500 West Palm Beach, Florida 33401 If to Purchaser: Boynton Beach Office Condominium, LLC 3113 Stirling Road, #103 Ft. Lauderdale, FL 33312 With a copy to: Samuel Rogatinsky Rogatinsky& Matthews, P.A. 3113 Stirling Road,#103 Ft. Lauderdale, FL 33312 PURCHASER's Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 8 of 20 15. BINDING OBLIGATION/ASSIGNMENT. The terms and conditions of this Agreement are hereby made binding on, and shall inure to the benefit of, the successors and permitted assigns of the Parties hereto. SELLER may not assign its interest in this Agreement without the prior written consent of PURCHASER,which shall not be unreasonably withheld. It is understood, however, that SELLER may assign its interest to the City of Boynton Beach without the prior written consent of PURCHASER. This Agreement may be freely assigned by PURCHASER to a wholly owned or controlled assignee of PURCHASER, and thereafter PURCHASER'S assignee shall be obligated to close the transaction contemplated herein as if such assignee were the original party to this Agreement. Any assignment by PURCHASER to an unrelated party shall be subject to the written approval of SELLER, which shall not be unreasonably withheld. 16. RISK OF LOSS. In the event the condition of the Property, or any part thereof, is materially altered by an act of God or other natural force beyond the control of SELLER, PURCHASER may elect, as its sole option, to terminate this Agreement and receive a refund of the Deposit and the parties shall have no further obligations under this agreement, or PURCHASER may accept the Property without any reduction in the value of the Property. In the event of the institution of any proceedings by any Governmental Authority which shall relate to the proposed taking of any portion of the Property by eminent domain prior to Closing, or in the event of the taking of any portion of the Property by eminent domain prior to Closing, SELLER shall promptly notify PURCHASER and PURCHASER shall thereafter have the right and option to terminate this Agreement by giving SELLER written notice of PURCHASER's election to terminate within fifteen (15) days after receipt by PURCHASER of the notice from SELLER. SELLER hereby agrees to furnish PURCHASER with written notice of a proposed condemnation within two (2) business days after SELLER's receipt of such notification. Should PURCHASER terminate this Agreement,the Deposit shall immediately be returned to PURCHASER and thereafter the Parties shall be released from their respective obligations and liabilities hereunder. Should PURCHASER elect not to terminate, the parties hereto shall proceed to Closing and SELLER shall assign all of its right,title and interest in all awards in connection with such taking to PURCHASER. 17, BROKER FEES. The Parties hereby confirm that neither of them has dealt with any broker in connection with the transaction contemplated by this Agreement. Each Party shall indemnify, defend and hold harmless the other Party from and against any and all claims, losses, damages, costs or expenses (including, without limitation, attorney's fees) of any kind or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by either Party or on its behalf with any broker or finder in connection with this Agreement. However, SELLER'S indemnification obligations shall not exceed the statutory limits provided within Section 768.28, Florida Statutes, and SELLER does not otherwise waive its sovereign immunity rights. The provisions of this Section shall survive Closing or termination of this Agreement. PURCHASER's Initials: f�` SELLER's Initials: oiaiass9-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 9 of 20 18. ENVIRONMENTAL CONDITIONS. To the best of SELLER'S knowledge, the Property and the use and operation thereof are in compliance with all applicable county and governmental laws, ordinances, regulations, licenses, permits and authorizations, including, without limitation, applicable zoning and environmental laws and regulations. 19. SELLER DESIGN APPROVAL. The PURCHASER agrees that the SELLER shall have the right to reasonably approve the design of the Project. PURCHASER has submitted plans to the SELLER, attached hereto as Exhibit C,which have been approved for submittal to the City for formal site plan approval. 20. ECONOMIC DEVELOPMENT GRANT INCENTIVES AND FUNDING. The SELLER shall provide the PURCHASER with the following Boynton Beach Community Redevelopment Agency Economic Development Grants to induce the enhancement and/or expansion of the project: a. Commercial Property Improvement Grant—Purchaser shall be reimbursed up to a maximum amount of $50,000 with a $50,000 match by PURCHASER. Said funds to be reimbursed within thirty(30)days of receiving a Certificate of Occupancy provided Purchaser has timely submitted all required construction cost documentation consistent with the eligible items set forth in the CRA's Commercial Property Improvement Grant Program. 21. DEVELOPMENT TIMELINE. The following events must be documented in writing and provided to the SELLER upon completion of each action (collectively the "Project Elements"). a. Submission of application to the City for site plan approval within one hundred twenty (120) days from the Effective Date, or within 30 days after demolition of the current structure on the property contemplated and to be done by the CRA, whichever is later. b. Achievement of site plan approval from the City within one hundred eighty (180) of submittal of a formal site plan application to the City of Boynton Beach. C. Approval of financing for the Project including the construction loan and permanent financing commitment in an amount sufficient to develop the Project on or before receiving site plan approval from the City. PURCHASER shall provide SELLER proof of financing for the Project. d. Submission of construction documents to the City for a building permit within ninety (90) days of obtaining formal site plan approval. Proof of permit application fees paid will be provided to the SELLER upon submission to the City. Upon City issuance of the building permit a copy will be provided to SELLER. e. Temporary or permanent certificate of occupancy to be provided within twenty-four(24) months following building permit issuance. PURCHASER's Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 10 of 20 f. Ribbon cutting ceremony to occur within sixty (60) days of achieving a permanent certificate of occupancy. 22. DEFAULT WITH REGARD TO PROJECT ELEMENTS. If one or more of the required Project Elements is not achieved as required in this Section and/or if the timeline outlined herein is not strictly met, and PURCHASER has not provided SELLER with a written notice explaining the reason or circumstances not under the control of PURCHASER that have prevented PURCHASER from meeting the timeline, and SELLER has not agreed in writing to the same and which approval shall not be reasonably withheld,then (a) if such events are contemplated to occur following the Closing but fail to occur as required, then the PURCHASER shall be required to reconvey the Property to the SELLER, this Agreement shall be terminated, and SELLER shall be released from any and all obligations under this Agreement and (b) if such events are contemplated to occur prior to Closing but fail to occur as required, then it shall be a default hereunder and treated as provided in Section 13, above. The parties understand and agree that in such instance SELLER shall be entitled to the Deposit in full and final satisfaction of PURCHASER's obligations hereunder. SELLER agrees to work reasonably with PURCHASER in working within the timeframes set forth above, but PURCHASER and SELLER agree that time is of the essence. 22.1 Default After Closing. Failure of the Parties to strictly comply with any of the provisions set forth in this Agreement after the Closing shall constitute a default and breach of this Agreement. If either Party fails to cure the default within (30) days of written notice from the other of its default,then this Agreement may be terminated pursuant to Section 21 above. 22.2 Reverter Clause.The Special Warranty Deed shall contain a reverter clause that shall run with the Property until the Project is completed and the PURCHASER has obtained a Certificate of Occupancy for the Project.The reverter clause shall require the Property to be re- conveyed to SELLER by quit claim deed should PURCHASER default under the terms of this Agreement. In the event the SELLER exercises its right of reverter, SELLER shall reimburse PURCHASER the Purchase Price of the property as set forth in Section 2 of this Agreement in addition to verifiable costs associated with the Closing of said property described herein.To carry out the terms of this paragraph, PURCHASER shall execute a reverter agreement in the form set forth on Exhibit "B." 22.3 Right of First Refusal. PURCHASER hereby grants SELLER a Right of First Refusal for repurchase of the Property which shall be in full force and effect for a period of five(5)years from the date PURCHASER obtains its Certificate of Occupancy.The terms and conditions of this right shall be set forth within the Special Warranty Deed as follows: a. Should the PURCHASER abandon the Property for any six(6) month period (unless said abandonment is beyond the control of Purchaser) and/or if the Property is not used for a CRA approved use (the approval of which shall not be unreasonably withheld)the SELLER shall provide 30 days written notice to PURCHASER of its right to repurchase the Property PURCHASER's Initials: 4CIP k SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 11 of 20 at fair market value (as determined by an independent third-party appraisal.) Thereafter, PURCHASER will provide a general warranty deed to the Property in form and substance acceptable to the SELLER evidencing the reconveyance of the Property to SELLER; and/or b. Should PURCHASER receive an offer to purchase the Property pursuant to a written contract or letter of intent, PURCHASER shall give SELLER notice of the offer by delivering a copy of the contract or letter of intent to SELLER("Notice") pursuant to the Notice requirements of Section 14 above within two (2) business days of receipt. Within ten (10) days of receipt of the Notice, SELLER shall either waive or exercise its right of first refusal. If SELLER elects to exercise its right of first refusal, SELLER shall, within ten (10) days after receipt of the Notice, deliver to PURCHASER an agreement to purchase the Property on the same terms as set forth in the Notice including the delivery of a deposit (if applicable), and upon receipt by the PURCHASER of the foregoing from the SELLER, PURCHASER and SELLER shall enter into a Purchase and Sale Agreement upon substantially the same terms and conditions as the Notice. If SELLER fails to exercise or waive its right of first refusal in accordance with the terms and conditions stated herein, within ten (10) days after receipt of the Notice,then SELLER's right of first refusal shall be deemed to have been waived. The terms and conditions of this Section shall survive closing. The foregoing rights of first refusal shall not be applicable to the transfers transpiring in the event that the property is declared a condominium dividing the building located on, or to be located thereon,to a multi-tenant commercial building and common elements in an association name, whose purchasers or transferees are either an LLC#1, BDH Consulting Group, LLC (and Deris Bardales remains sole and managing member) or Deris H. Bardales, or any other entity that Deris Bardales, is sole member or shareholder of, as to the north unit or northerly unit Bay#1 and its undivided share in the common elements of the condominium and an LLC#2, Palm Beach Radio Group, LLC(and Samuel Rogatinsky remains sole and managing member)or Samuel Rogatinsky or any entity that Samuel Rogatinsky is sole member or shareholder of, as to the south or southerly unit Bay #2 and its undivided share in the common elements of the condominium, or the transfer of the common elements by Boynton Beach Office Condominium LLC to the governing condominium association. 23. MISCELLANEOUS. 23.1 General. This Agreement, and any amendment hereto, may be executed in any number of counterparts,each of which shall be deemed to be an original and all of which shall, together, constitute one and the same instrument. The section and paragraph headings herein contained are for the purposes of identification only and shall not be considered in construing this Agreement. Reference to a Section shall be deemed to be a reference to the entire Section, unless otherwise specified. No modification or amendment of this Agreement shall be of any force or effect unless in writing executed by Parties. This Agreement sets forth the entire agreement between the Parties relating to the Property and all subject matter herein PURCHASER's Initials: t� f SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 12 of 20 and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the Parties. This Agreement shall be interpreted in accordance with the laws of the State of Florida. The Parties hereby agree that jurisdiction of any litigation brought arising out of this Agreement shall be in the Fifteenth Judicial Circuit in and for Palm Beach County, Florida,or,should any cause of action be limited to federal jurisdiction only,in the United States District Court for the Southern District Court of Florida. 23.2 Computation of Time. Any reference herein to time periods which are not measured in business days and which are less than six (6) days, shall exclude Saturdays, Sundays and legal holidays in the computation thereof. Any time period provided for in this Agreement which ends on a Saturday, Sunday or legal holiday shall extend to 5:00 p.m. on the next full business day. Time is of the essence in the performance of all obligations under this Agreement. Time periods commencing with the Effective Date shall not include the Effective Date in the calculation thereof. 23.3 Waiver. Neither the failure of a party to insist upon strict performance of any of the terms, provisions, covenants, agreements and conditions hereof, nor the acceptance of any item by a party with knowledge of a breach of this Agreement by the other party in the performance of their respective obligations hereunder,shall be deemed a waiver of any rights or remedies that a party may have or a waiver of any subsequent breach or default in any of such terms,provisions,covenants,agreements or conditions. This paragraph shall survive termination of this Agreement and the Closing. 23.4 Construction of Agreement. The Parties to this Agreement, through counsel, have participated freely in the negotiation and preparation hereof. Neither this Agreement nor any amendment hereto shall be more strictly construed against any of the Parties. As used in this Agreement, or any amendment hereto,the masculine shall include the feminine, the singular shall include the plural, and the plural shall include the singular, as the context may require. Provisions of this Agreement that expressly provide that they survive the Closing shall not merge into the Deed. 23.5 Severability. If any provision of this Agreement or the application thereof shall,for any reason and to any extent,be invalid or unenforceable, neither the remainder of this Agreement nor the application of the provision to other persons, entities or circumstances shall be affected thereby, but instead shall be enforced to the maximum extent permitted by law.The provisions of this Section shall apply to any amendment of this Agreement. 23.6 Handwritten Provisions. Handwritten provisions inserted in this Agreement and initialed by SELLER and PURCHASER shall control all printed provisions in conflict therewith. 23.7 Waiver of Jury Trial. As an inducement to PURCHASER agreeing to enter into this Agreement, PURCHASER and SELLER hereby waive trial by jury in any action or proceeding PURCHASER's Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 13 of 20 brought by either party against the other party pertaining to any matter whatsoever arising out of or in any way connected with this Agreement. 23.8 Attorneys Fees and Costs. Should it be necessary to bring an action to enforce any of the provisions of this Agreement, reasonable attorneys' fees and costs, including those at the appellate level, shall be awarded to the prevailing party. 23.9 Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behalf of the PURCHASER and SELLER 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. 23.10 No Recording. This Agreement shall not be recorded in the Public Records of Palm Be2ach County, Florida without the prior approval of both parties. 23.11 Survival. The covenants, warranties, representations, indemnities and undertakings of SELLER set forth in this Agreement, shall survive the Closing, the delivery and recording of the Deed and PURCHASER'S possession of the Property. 23.12 PURCHASER Attorneys' Fees and Costs. PURCHASER acknowledges and agrees that PURCHASER shall be responsible for its own attorneys' fees and all costs, if any, incurred by PURCHASER in connection with the transaction contemplated by this Agreement. 23.13 Public Records. SELLER is public agency subject to Chapter 119, Florida Statutes. The PURCHASER shall comply with Florida's Public Records Law. Specifically, the PURCHASER shall: a. Keep and maintain public records that ordinarily and necessarily would be required by the SELLER in connection with this Agreement; b. Provide the public with access to such public records on the same terms and conditions that the SELLER would provide the records and at a cost that does not exceed that provided in Chapter 119, Fla. Stat., or as otherwise provided by law; C. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law; and d. Meet all requirements for retaining and providing public records and transfer to the SELLER, at no cost, all public records in possession of the PURCHASER upon termination of the contract and destroy any duplicate public records that are exempt or confidential and exempt. All records stored electronically must be provided to the SELLER in a format that is compatible with the information technology systems of the SELLER. SELLER shall, upon request, provide guidance to PURCHASER as to the public records keeping and reporting duties that are imposed upon PURCHASER as provided above and shall PURCHASER's Initials: �� /,7, SELLER's Initials: 01418559-I PURCHASE AND DEVELOPMENT AGREEMENT Page 14 of 20 take all steps reasonably required to assist PURCHASER in not violating them. The failure of PURCHASER to comply with the provisions set forth in this Agreement shall constitute a Default and Breach of this Agreement. If PURCHASER fails to cure the default within seven (7) days' notice from the SELLER the SELLER may terminate the Agreement. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective date. PURCHASER: SELLER: BOYNTON BE OFFI NDOMI IUM, BOYNTON BEACH COMMUNITY LLC REDEVELOPMENT AGENCY Printed Name: � ytl Printed Name: Steven B. Grant Title: ay�a31`I i` m��- Title: Chair Date: I ► 1z— t Date: WIT SS: � WITNESS: Printed Name: j2filif jau(-IS`�DYl Printed Name: Approved as to form and legal sufficiency: CRA Attorney PURCHASER's Initials: SELLER's Initials: 014195x9-I PURCHASE AND DEVELOPMENT AGREEMENT Page 15 of 20 EXHIBIT"A" LEGAL DESCRIPTION 1102 N. Federal Highway: That part of Lots 20, 21 and 22, Block 2, LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof, on file in the office of the Clerk of the Circuit Court, in and for Palm Beach County, Florida, recorded in Plat Book 11, Page 71, of the Public Records of Palm Beach County, Florida, described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION, run easterly along the south line of said Lot 20, a distance of 122. 5 feet to a point; thence Northerly at right angles to 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, subject to existing right-of-way of US. Highway #1, (State Road #5), less the North sixty-six (66')feet thereof as measured at right angles to the North line of the above-described parcel;TOGETHER with all improvements thereon and fixtures therein. 1110 N. Federal Highway: The North sixty-six feet (66") as measured at right angles to the North Line of the following described parcel: That part of lots 20, 21, and 22, Block 2, LAKE ADDITION, a subdivision of the City of Boynton Beach, Florida, according to the plat thereof, on file in the office of the Clerk of the Circuit Court in and for Palm Beach County, Florida, recorded in Plat Book 11, page 71,of the Public Records of Palm Beach County, Florida, more particularly described as follows: BEGINNING at the Southwest corner of Lot 20, Block 2, LAKE ADDITION , run Easterly along the South line of said lot 20, a distance of 122.5 feet to a point; thence Northerly at right angles to 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. PURCHASER'S Initials: SELLER's Initials: 01418589-I PURCHASE AND DEVELOPMENT AGREEMENT Page 16 of 20 EXHIBIT B REVERTER AGREEMENT This REVERTER AGREEMENT is dated as of this day of 12021, by and between the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (the "SELLER") and BOYNTON BEACH OFFICE CONDOMINIUM, LLC, (the "PURCHASER"). RECITALS A. The SELLER has conveyed to the PURCHASER that certain real estate described on Exhibit "A" attached hereto (the "Property") pursuant to a Deed of even date herewith between the SELLER and PURCHASER. B. The PURCHASER has agreed to construct certain Improvements on the Property, and other requirements in accordance with the guidelines and criteria set forth on in the Purchase and Development Agreement. C. The Deed shall provide that if the PURCHASER does not construct the Improvements as set forth in this Agreement, then the Property shall revert to the SELLER. NOW THEREFORE, in consideration of the transfer of the Property to the PURCHASER and other consideration,the receipt and sufficiency of which are acknowledged, the parties agree as follows: 1. PURCHASER agrees at its sole cost and expense to complete the construction of the Improvements in accordance with the terms of the Purchase and Development Agreement attached hereto by no later than the time period set forth in Paragraph 20 of the Purchase and Development Agreement of even date herewith (the "Completion Date"). 2. In the event the Improvements are not completed by the Completion Date(unless extended pursuant to the terms of the Purchase and Development Agreement), the Property shall revert to and thereafter become fee simple real estate owned by the SELLER. Within 30 days of the written request of the SELLER,the PURCHASER will provide a general warranty deed to the Property in form and substance acceptable to the SELLER evidencing the reconveyance of the Property. 3. During the construction of the Improvements, PURCHASER will not place any additional liens or encumbrances on the Property except as consented to by the SELLER. In that regard, the SELLER agrees not to unreasonably withhold its consent to any construction loan PURCHASER's Initials: " SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 17 of 20 financed with a commercial bank or similar lender intended to fund the construction and development of the Improvements. In such an event,the SELLER will enter into a Subordination Agreement in form and satisfactory to such lender. Upon completion of the Improvements satisfactory to the SELLER, the SELLER agrees to issue a letter acknowledging the release of the reverter rights described herein. SELLER further agrees to consent to a Declaration of Condominium on the building in the event the property is divided into condomium prior to the time of the completion of the improvements and the release of the reverter provided herein. This Agreement shall be binding upon the parties hereto and shall be binding upon and inure to the benefit of their successors and assigns. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. This Agreement may only be modified or amended by a written agreement signed by authorized representatives of the parties hereto. WITNESS the following signatures as of the year and date first above written. PURCHASER: SELLER: BOYNTON B H OFF ND MINIUM, BOYNTON BEACH COMMUNITY LLC REDEVELOPMENT AGENCY Printed Name: 1S Printed Name: Steven B. Grant Title: C�w4- Title: Chairman Date: I / Z-1 Date: PURCHASER's Initials: �( o SELLER's Initials: 01418589-1 o � - _ a n- u- ( i m I X 03 I C7 = n m I- 21 ---------------- --- ---� —I _ m cn Z o cn I cn C g m �> �a M C7 cnC/) m ai U) s � UT 5- ee C uC F ;o Mai _ VVe VV6 .y -i_ �D e ue onre ar o _„�� HDH CONSULTING G0.0UP LLC a�e gill I O1IIFHCpi I.I.\IIk."CH n BDH. ('()L\l'\,FLOW- It I F. 'I.()NII).\5'1'Pt:PLIN ri(E. z k � T \'E > �fz c 7)� ,? x OR { tri.. z M = i ch vDi xrs xcv s oxs e xo onrc ev oescx or ox BOH CONSULTING GROUP LLC 110,1 .Ctl.\I)U�ti\'It�l p rAlm Rr.nal anNn,FLORIDA "a "RI—x:"1RENDERING a r� SKS ME 3 7 � ,£ i ^ZY H I} e i M C cl) cl) e� rw o.Tc ocscn yr ox BDH CONSULTING GROUP LLC x01::\rU\xtACll Ot tICL CU.\'I)U\fI.\'ILEI a notAro\ntncn w,r 6pH rust nems,cuu\r" DATE LLoxunt _- I'RUJRCIRENDERING ritt. PURCHASE AND DEVELOPMENT AGREEMENT Page 19 of 20 EXHIBIT D PALM BEACH RADIO GROUP, LLC(PBRG) RATE CARD Ruta Calrd A me Slot 30 Second Spot 60 Second Spot Mornings $40 per $60 per 6am-1 lam Spot Spot Mid-Day $30 per $50 per hent- Spot Spot Drive Time $40 per $60 per pint- pr Spot Spot Evening $AO per $60 per 7pra-12am Spot Spot Overnight $10 per $20 per 12ow6am Spot Spot • Infomercial With Host ( 10 Minutes) - $300 • Infomercial With Host (5 Minutes) - $150 PURCHASER's Initials: SELLER's Initials: 01418589-1 PURCHASE AND DEVELOPMENT AGREEMENT Page 20 of 20 EXHIBIT E BDH CONSULTING GROUP, LLC RATE SCHEDULE Current hourly rates: Labor type Rate per hour Labor type: Rate per hour Miscellaneous fees: Amount Principal (PE) $200.00 Inspector $110.00 Mileage rate $0.565/mile Senior $195.00 Administrative $75.00 Out of packet 110% Engineer(PE) Expenses Engineer(PE) $150.00 Expert $395.00 11x17 black print $1.25/each Testimony Engineer(EI) $145.00 Principal $200.00 24x36 black print $5.00/each (PSM) Engineer $140.00 Suryeor $150.00 1107 color print $4.00/each (PSM) Senior $120.00 Surveyor(SI) $145.00 8.5x11 black print $0.10/each Technician Technician $110.00 Survey Crew $145.00 8.5x11 color print $2.00/each Senior $115.00 Survey Office $120.00 2436 color print $20.00/each Inspector PURCHASER'S Initials: SELLER'S Initials: 01318589-1 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.D. SUBJECT: Update and Discussion on the Redevelopment Proposal Submitted by Boynton Beach Cottage District Development, LLC for the Cottage District I nfill Housing Redevelopment Project SUMMARY: The CRA owned vacant parcels identified as the Cottage District Project site total approximately 4.3 acres and is located in the block between N. Seacrest Boulevard and NE 1st Street and NE 4th and NE 5th Avenues (see Attachment 1). It has long been thought that the best use for the site would be owner-occupied, single family detached, workforce-affordable homes or a mix of detached homes and townhouse style attached units under fee-simple ownership. On August 11, 2020, the CRA Board approved the issuance of the Cottage District Infill Housing Redevelopment Project RFP/RFQ (see Attachment 11) for the development of owner-occupied, single family detached, workforce-affordable homes or a mix of detached homes and townhouse style attached units under fee-simple ownership. As required, the CRA obtained a property appraisal of the project site dated August 10, 2020 with a estimated market value of$1,893,000 (see Attachment III). As of the submission deadline on October 23, 2020, the CRA received five proposals from the following development entities (see Attachment IV): • Boynton Beach Cottage District Development, LLC (Attachments V-VA-B) • Fox Ridge Capital, LLC (Attachments VI-VI.A.) • Azur Equities, LLC (Attachment (Attachments VII-VII.A.) • Pulte Home Company, LLC (Attachments VIII -VIII.A-B) • Ace Development Group, LLC (Attachments IX-IX.A.) At their December 8, 2020 meeting, the CRA Board selected the Proposal submitted by Boynton Beach Cottage District, LLC (BBCD, LLC) and directed CRA staff to begin negotiations for a contract and further discuss the specifics of the proposed development. Including calls between the Executive Director and lead counsel for the BBCD, LLC, CRA development staff and team members of the BBCD, LLC, met virtually on December 17, 2020 as well as a pre-application meeting with the City's Development Review team on December 28, 2020. As a result of the City's pre-application meeting, the BBCD, LLC team was given direction to address key issues with regard to their proposed site plan layout and infrastructure elements. It is anticipated that the BBCD, LLC team will be requesting a follow up pre-application meeting with City staff prior to a presentation to the CRA Board at the February 9, 2020 meeting. During this time period, CRA staff, legal counsel and the BBCD, LCC lead counsel will be working on the details of a Purchase and Development Agreement to be presented to the CRA Board at the February or March meeting. FISCAL IMPACT: FY2020-21 Budget, Project Fund, Line Item 02-58200-406 (Cottage District Project), $385,825 CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAAB RECOMMENDATION: At their December 3rd meeting, the CRA Advisory Board is providing a recommendation to the CRA Board that of the five Proposals submitted for the Cottage District Infill Housing RFP/RFQ, the following three Proposals best met the intent and requirements of the RFP/RFQ: • Pulte Home Company, LLC • Boynton Beach Cottage District Development, LLC • Azur Equities, LLC CRA BOARD OPTIONS: There is no required action on this item unless otherwise determined by the CRA Board. ATTACHMENTS: Description D Attachment I -Cottage District Boundary Map D Attachment II -2020 Cottage District Infill Housing RFP/RFQ and Addendum#1 D Attachment III -Appraisal D Attachment IV - Developer Registration Information D Attachment V - Boynton Beach Cottage District Development, LLC Submission D Attachment V.A. - Boynton Beach Cottage District, LLC Presentation D Attachment VI - Fox Ridge Capital, LLC Submission D Attachment VI.A. - Fox Ridge Capital, LLC Presentation D Attachment VII -Azur Equities, LLC Submission D Attachment VII.A. -Azur Equities, LLC Presentation D Attachment VIII - Pulte Home Company, LLC Submission D Attachment VIII.A. - Pulte Home Company, LLC Presentation D Attachment IX -ACE Development, LLC Submission D Attachment IX.A. -ACE Development, LLC Presentation D Attachment X -Overall Comparison Spreadsheet D Attachment XI -Sufficiency Checklist and Staff Evaluation cap � r cz T l LO M i$ O Q N c� '^ N v r a O � ~ N � � O .V O N I N O Al MAL ' � V 44; � 775 V '� f� 61, 1 B Toi ,OYN =BEACH SiF RA BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY REQUEST FOR PROPOSALS AND DEVELOPER QUALIFICATIONS COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT Location: Between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1st Street Boynton Beach, Florida Issue Date: August 17, 2020 Submittal Date: October 23, 2020, no later than 3:00 p.m. (EST) �' r� 1tjf 1lF 4 f � f am r }{� � sfs 7 �r t� i ssi r et ---------------- t s 01353549-2 Page 1 of 36 The Boynton Beach Community Redevelopment Agency (BBCRA) is issuing a Request for Proposals and Developer Qualifications (RFP/RFQ) for the acquisition and redevelopment of the BBCRA-owned properties within the Heart of Boynton District. These properties, collectively known as the Cottage District Infill Housing Redevelopment Project Site, are located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1St Street,Boynton Beach,Florida(the"property"or"Project property"). The BBCRA will accept sealed proposals at its office located at 100 E. Ocean Avenue, 4th Floor, Boynton Beach, FL 33435 ON OR BEFORE October 23, 2020, no later than 3:00 p.m. Eastern Standard Time,as determined by the time stamp or clock at the BBCRA's reception area. Proposals to this RFP/RFQ(proposals) received after the date and time set forth above will NOT BE ACCEPTED FOR CONSIDERATION. All proposals will be date and time stamped by the BBCRA. Faxed or emailed Proposals will NOT BE ACCEPTED FOR CONSIDERATION. The RFP/RFQ documents, including all related attachments must be obtained from the BBCRA office or website at www.boyntonbeachcra.co (Click RFPs/RFQs/ITBs Tab on right hand side). 1. Community and Economic Setting The City of Boynton Beach (City),with a population of 72,000,is the third largest city in Palm Beach County, Florida. It is located approximately 45 miles north of Miami and 15 miles south of West Palm Beach.This puts it in the heart of southeast Florida's rapidly growing tri- county Miami-Dade/Broward/Palm Beach Metropolitan area. Boynton Beach has direct access to the Intracoastal Waterway, Interstate 95 (I-95) and the Florida Turnpike.It also has a market of more than 6 million people within a two-hour radius and ready access to three international airports, two major rail lines, as well as the Tri-Rail regional commuter rail system. The Heart of Boynton District is bounded by I-95 to the west, Federal Highway to the east, the Boynton Beach Canal (C-16) to the north and Boynton Beach Boulevard to the south. Seacrest Boulevard runs north-south through the center of the community. Over the past 14 years there has been approximately$100 million of public investment into the Heart of Boynton and Cultural Districts in furtherance of the 2016 Boynton Beach Community Redevelopment Plan ("BBCRA Plan") with respect to property acquisition, infrastructure improvements, parks, construction of new affordable housing and rehabilitation of existing homes. Some of the projects are: • The City completed the redevelopment of the Carolyn Sims Center and Denson Pool for a total of$10 million in 2006. The Center is located at NW 12th Avenue and is the center of neighborhood activities. 01353549-2 Page 2 of 36 • The City invested $1.5 million of federal stimulus dollars into the Seacrest Boulevard corridor from Boynton Beach Boulevard north to the C-16 canal to create an attractive streetscape with new lighting, landscaped medians, and public art. • The City and BBCRA are currently partnering on the Model Block Project, redeveloping a block of new single-family homes at NW 11th Avenue and N. Seacrest Boulevard. The project includes upgraded streetscapes, utilities and ten new affordable single-family home sites. Home construction began in June 2018. • The BBCRA partnered with the City to combine funding to complete a $1.3 million renovation project to improve Sara Sims Park, an eight acre park located at the SW corner of Martin Luther King Jr. Blvd. and N. Seacrest Boulevard. A master plan was developed with community input and the project was completed in October 2019. • The BBCRA, in partnership with Centennial Management Corp., is in the process of redeveloping a 4.3 acre site between N. Seacrest Boulevard and NE 1st Street and between NE 6th and 7th Avenues. The $26 million dollar project will consist of 123 multi-family affordable 1-3 bedroom rental units with residential and site amenities, including a small flex and community space. The project is currently underway and scheduled to be completed in December 2020. • The BBCRA, in partnership with Centennial Management Corp., will also be redeveloping a 3.6 acre site on E. Martin Luther King Jr. Boulevard into an affordable mixed-use project consisting of 124 residential units and 8,500 square feet of commercial space. The $30 million dollar project is fully funded and construction is scheduled to begin in the spring of 2021. • As part of the 16.5 acre mixed-use P3 Town Square Project, the BBCRA and the City partnered to fund and complete the construction of a new municipal complex consisting of a City Hall/Library building, District Energy building, Fire Station, amphitheater and public spaces, a fully inclusive playground, and the $11 million renovation of the historic High School building into a Cultural Center with a meeting and convention space for use by the public and a future hotel. The Town Square Project is located at the SE corner of E. Boynton Beach Boulevard and N. Seacrest Boulevard and will feature private development of a hotel along with residential and commercial components to complement the public facilities. The publicly owned elements were completed in July 2020. 2. Property Disposal and Project Description This RFP/RFQ is being issued for a project known as the Cottage District Infill Housing Redevelopment Project (the "Project"), and is seeking proposals for the acquisition and redevelopment of a BBCRA-owned property identified in this RFP/RFQ. The Project site is approximately 4.2 acres of vacant property located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1St Street, Boynton Beach, Florida. The Project site lies within the BBCRA Heart of Boynton District boundaries and is identified in the BBCRA Plan as a priority residential site. 01353549-2 Page 3 of 36 Additionally, the property is also located in the PBC Qualified Opportunity Zone. For more information, see httl2:-/-/mal2s.co.12alm-beach.fl.us-/cwgis/?al2l2=12bc interactive. All proposals must be in conformance with and in furtherance of the BBCRA Plan.The BBCRA Plan may be accessed on the BBCRA website: www.boyntonbeachcra.co The proposed redevelopment of this site shall be consistent with the recommendations made within the BBCRA Plan. The BBCRA Plan's goals are to leverage this publicly owned real estate asset to support the overall redevelopment of the Heart of Boynton community and surrounding area, to increase affordable home ownership opportunities for low and moderate income households within 80-140% Palm Beach County Area Medium Income (AMI), and to provide quality public enhancements that improve the economic, cultural and aesthetic quality of life for residents of the community. For more information on the annual published Palm Beach County AMI see http://discover.pbc ov.or HES/ a es Housing ortgaue- roara s.aspx. Development proposals should include traditional residential amenities, as well as those to enhance or improve existing community assets. Overriding goals for the future Project include quality design through the use of urban design principles, and the use of alternative energy sources where possible. Proposals shall incorporate a publicly accessible neighborhood pocket park to be located along the eastern portion of the site. Firms or entities responding to this RFP/RFQ ("Proposers") are encouraged to exercise creativity in defining a concept that satisfies the vision of the BBCRA Plan, use of applicable and appropriate zoning or entitlements, and sound real estate development practices. Pursuant to Section 163.380(2), Florida Statutes, offers for the acquisition of the properties for less than fair value shall require approval by the Boynton Beach CRA Board and the Boynton Beach City Commission. 3. Land Use Regulations. The Heart of Boynton District section of the BBCRA Plan provides information on the vision for future redevelopment within this area, which includes the Project site. The recommended future land use Land Use designation for the property is High Density Residential (HDR) with a corresponding Zoning designation of Multi-family Residential District(R-4) or Infill Planned Unit Development District(IPUD) which supports a maximum density of 15 units/acre (plus a 25% density bonus for the creation of workforce housing) and maximum built height of 45 feet. It is the responsibility of each Proposer to review the City of Boynton Beach Land Development Regulations and Workforce Housing Ordinance for applicable guidelines and limitations. As stated in the BBCRA Plan,the community supports construction of one and two story units with a maximum height of three stories, if located within the interior of the site. 01353549-2 Page 4 of 36 4. Palm Beach Coun1y Impact Fees. Development of the property will be subject to Palm Beach County Impact Fees. Please contact Impact Fee Coordinator for PBC, \A/ Uie Swoope at (561) 288'5025| for specific information regarding impact fees and/or credits applicable to the proposed development, or to download relevant information go to: 5. Survey and Appraisal. Aulaerial boundary and parcel map along with acopy o[the property survey inincluded with this OF9'OF0 an Attachments 'A" and "B." An appraisal of the subject properties was completed and is available in electronic form upon written request to the BBCRA. Proposers should not rely solely on the information in the appraisal when compiling proposal. The appraised value should beconsidered with all offers and requests for BBCOAincentives 6. Architectural and Design Considerations. The Project should include quality architectural design and site development standards that enhance the area and adjacent neighborhoods. Proposers should review the BBCRAPlan for Project development and design guidance. Proposals will beevaluated ontheir adherence and incorporation of architectural and design elements presented in the BBCRA Plan listed above and the design examples under Attachment"k." 7. Incentives for the Project. Under Chapter 163, Florida Statutes,the BBCRA is empowered to encourage and incentivize redevelopment within the BBCRA Redevelopment Area consistent with the BBCRA Plan.The BBCRA is committed to meeting the goals and objectives of the BBCRA Plan and will support the Project with policies and funding. To support the Project under this RFP/RFQ,the following incentives are available: • The BBCRA may provide financial incentives to enhance home ownership opportunities, such an but not limited to, infrastructure improvements, second mortgage subsidies, and/or assistance with County and State grant or funding applications. • The BBCRAmay provide support and assistance with obtaining Palm Beach County Impact Fee credits, City of Boynton Beach Utility Cap fees or any other applicable fee credits or waivers that do not involve additional BBCOA[unding. • The BBCRA may provide support and assistance in pursuing any permits or approvals that may be required to expedite the selected site development plan. • The BBCRA has allocated $38S,82S in the FY 2020-2021 Budget for the Project. 8. Proposer Registration. All entities interested in responding to this RFP/RFQ must register their name, address, telephone number, and an email address with the BBCRA by emailing Michael Simon, Executive Director, at SimonM@bbfl.us. Any information concerning addenda, changes, additions, clarifications, notices, and other topics related to this RFP/RFQ will be sent to registered proposers using the registration information provided. 9. Additional Information. After the proposals are received by the BBCRA, the BBCRA may make requests to Proposers for clarifications, assurances, or for other details including, but not limited to, financial and disclosure data relating to the proposal or proposer (including all affiliates, officers, directors, partners and employees). Any inquiries of a general nature applicable to all proposers will be directed to all proposers. Following submission of a bid, the proposer agrees to promptly deliver such further details, information and assurances, including, but not limited to, financial and disclosure data relating to the bid and/or the proposer (including the proposer's affiliates,officers,directors,partners and employees),as requested by the BBCRA. 10. Requirements for the Proposed Project All proposals must include the following: • Construction of single family fee simple, owner occupied dwelling units consisting of either detached, attached or combination of the two. • Height limitations for the units should be maintained at one, two or three story units with strong consideration given to the placement of any proposed three story units within the interior of the Project and a two story limitation along the perimeter of the proposed Project site. • Street lights installed along the entire perimeter of the Project that are complimentary to those existing along N. Seacrest Boulevard adjacent to the Project site. • On-street parking spaces where feasible. • Minimum five-foot sidewalk width along the entire perimeter of the Project. • Use of street and site trees that "exceed the minimum size and caliper requirement" of the City's Land Development Regulations to be installed as part of the proposed Project. • Creation of a neighborhood pocket park on the east portion of the site along NE 1St Street. The pocket park must be included in the Project's site plan and must include landscape,hardscape and accent lighting features.Once constructed by the successful Proposer, the pocket park will be open to the public and therefore will be deeded to 01353549-2 Page 6 of 36 the City of Boynton Beach. The successful proposer may be required to enter into a maintenance agreement with the City of Boynton Beach for the pocket park. • Plan for inclusion of workforce housing units, for households within 80-140% Palm Beach County Area Medium Income (AMI) • Housing should be constructed with maximum efficiency and sustainability in mind (Attachment F). 11.Deed Restriction and Homeowners and Property Owners Associations The BBCRA may require a deed restriction on the use of the properties as fee-simple residential development to preserve the home ownership opportunities in the neighborhood and/or require the establishment of a Homeowners or Property Owners Association. 12.Required Elements of Proposals. Proposals must contain all of the following documents and information in order to be deemed complete. Proposals not deemed complete may be rejected. a. Provide a general written statement describing the qualifications of the proposer and background information on the principals. If the selected developer is a public corporation, provide copies of its annual report or SEC filings as appropriate. b. 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. c. Provide a copy of the commercial lease agreement, if applicable, or proof of property ownership at the location the proposer is currently licensed to do business. If the Proposal is submitted by more than one entity, each entity much provide the requested information separately. d. Provide a list of key personnel that will be directly involved in proposed Project's development or management team, along with their professional qualifications and a list of similar projects on which they have actively participated. Provide no less than three and no more than ten related projects for this item. e. Provide a written list of similar projects developed by the proposer that were completed, including photographs,addresses, dates the projects were completed, and general project description. Provide no less than two and no more than ten projects for this item. If the Proposal is submitted by more than one entity, each entity must provide the information requested separately. f. 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; 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 and elevations, as well as the items listed in Paragraph 6, "Architectural and Design Considerations," and Paragraph 10, "Requirements for the Proposed Project," of this RFP/RFQ document. 01353549-2 Page 7 of 36 g. Provide a proposed project pre-development, construction development and sales pro forma. The pro forma shall include and clearly identify the funding sources and costs of the Project including those of property acquisition from the BBCRA along with any proposed funding assistance being requested of the BBCRA, if applicable. h. Within the list of funding sources, provide the dollar amount of any proposer equity and investment contributed to the proposed Project. L If the Project is proposed to use subsidies from other qualified entities, proposer must provide a list of those entities and demonstrate experience with obtaining such project-based subsidies for affordable housing by listing projects and the amount and type of subsidy utilized. j. Provide a description that will indicate how the units will be sold, strategies of outreach to the end users and community, proposed sale price ranges that are supported by the financial plan and pro forma, and the Project's proposed absorption rate. k. Provide a description of how the proposer will make attempts to utilize local qualified contractors, and sub-contractors as part of the completion of the proposed Project. Documentation of this effort will be required as part of the project monitoring. 1. Provide a strategy of how the proposer will engage the adjacent homeowners in the overall development of the Project. Engagement may consist of, but is not limited to improvements to common neighborhood elements such as contiguous public sidewalks, decorative pedestrian scale lighting, landscape design, or assistance with grant funding for architectural elements that would enhance the curb appeal and contribute to the cohesive design of the neighborhood. m. Provide proof of financial capability to complete the proposed Project. Financial capability may be demonstrated by submitting a current (audited, if available) financial statement of the proposing entity which includes a balance sheet, a three-year statement of past income, and a projected one-year income statement for the current fiscal year for the proposer (and its parent entity if proposer is a subsidiary). Tax returns may be substituted for financial statements. When possible, the proposer should also submit third party evidence of the ability to secure financing such as a preliminary financing commitment letter or letter of interest from a lending institution or other primary source of investment financing. A firm financing commitment from a lending institution or other source of investment financing may be required prior to the closing of the sale of the Project property, or as otherwise stipulated in negotiated agreements between the successful proposer and the BBCRA. Information regarding any legal or administrative actions, past or pending, that might impact the capacity of the proposer (or its principals or affiliates) to complete the Project must be disclosed. Disclosure of any bankruptcies by any of the above or related entities during the past ten years must be made with the RFP/RFQ. Financial information should be submitted in a separate, sealed envelope or package and marked 'confidential.' Financial information will be accepted only from the Proposer. n. 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 01353549-2 Page 8 of 36 Purchase and Development Agreement within 90 days of selection if selected.Any Purchase and Development Agreement ("Agreement") will contain performance- based criteria and milestone timelines for items such as, securing debt funding, formal site plan application, commencement of construction, limitations on transferability or assignability of the Agreement without prior approval from the BBCRA, termination provisions for failure to meet the criteria listed and other provisions to adequately define the rights, duties and obligations of the parties. The Agreement may also contain a reverter clause. o. Provide authorization to Perform Credit Check for each proposer or Business entity. The Authorization must be executed by the appropriate officer of proposer entity (see Attachments "G" and "H" Disclosure and Authorizations to Perform Credit Check forms). p. 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 years, providing the case number, case description, the state of jurisdiction,and disposition (or status) of each case. Proposer(s) may include any additional relevant information. If there are no legal actions to disclose, provide a written statement attesting to this fact. q. Provide a PowerPoint presentation of the proposal, consisting of no more than 1S slides. r. All other requirements contained in this RFP/RFQ including all attachments that request a proposal or information from the Proposer. s. An acknowledgement letter attesting that the proposer has read and understands all procedures and requirements of this RFP/RFQ (see Attachment"D"). 13.Submittal Requirements. a. Location and Deadline. Proposals must be received by the BBCRA at 100 E. Ocean Avenue,Boynton Beach, FL 3343S on or before October 23, 2020,no later than 3:00 p.m. Eastern Standard Time (the Deadline). Proposals received after to the date and time set forth above will NOT BE ACCEPTED FOR CONSIDERATION. Proposers may withdraw submitted proposals and resubmit at any time prior to the Deadline. b. Form and Number of Copies. Proposals must be delivered in a sealed box or envelope. Faxed and emailed proposals will not be accepted. In total, one bound original proposal document must be submitted with a title page listing the name of the RFP/RFQ and the submitting proposer along with one unbound but clipped copies of the proposal and one digital copy of the complete proposal in PDF format on a labeled CD/DVD or thumb drive. Proposals shall be clearly marked on the outside of the envelope or delivery box container as follows: 01353549-2 Page 9 of 36 Request for Proposals and Developer Qualifications Cottage District Infill Housing Redevelopment Project Issue Date:August 17, 2020 Submittal Deadline: October 23, 2020, no later than 3:00 p.m. c. Completeness.All proposals must be complete upon submittal to the BBCRA. d. Signature. The proposal, and any documents submitted with the proposal that require a signature, must be signed by an individual authorized by proposer to legally bind and represent Proposer. e. Failure to Meet Submittal Requirements. The failure to meet the Deadline, submit a proposal that complies with the form and number of copies requirements, or submit a complete proposal may result in the proposal being rejected and returned at the sole discretion of the BBCRA. f. Proposal validity.Proposals shall remain valid and binding on Proposers for 180 days after the submittal date. 14.RFP f RFQ Documents. The following planning and site documents are included in this RFP/RFQ and may be obtained from www.boyntonbeachcra.co (click RFPs/RFQs/ITBs Tab on right hand side). • Geo-technical Report • Project Site Survey • Property Appraisal • 2016 BBCRA Redevelopment Plan • 2009 The Downtown Vision and Master Plan In addition, all Proposers are encouraged to walk the Project location and will be assumed to have performed all necessary inspections on the property. 15.RFP f RFQ Proposal Evaluation and Selection Process. The BBCRA staff shall review each proposal and make a determination as to whether each proposal meets the minimum submission requirements for review, including whether the proposal is complete, and whether it fully complies with the terms and conditions outlined in this RFP/RFQ.A Proposer's failure to provide a substantially complete RFP/RFQ proposal submission may result in the submission not being evaluated. The BBCRA may request clarification of submitted information from any Proposer. The confidentiality of proprietary information from competing Proposers shall be maintained to the extent permitted by law. a. In addition to meeting the minimum requirements of this RFP/RFQ each proposal will be evaluated based on the information provided and on the following criteria, which are listed below in order of importance: 01353549-2 Page 10 of 36 L Experience in completing comparable development projects within markets similar to the project area. ii. Experience in development of affordable or workforce attached and detached single family fee simple products and/or developments. iii. Project's adherence to the goals and objectives of the RFP/RFQ and referenced BBCRA planning documents, adherence to items listed in Paragraph 6, "Architectural and Design Considerations," and Paragraph 10, "Requirements for the Proposed Project,"resident amenities, and public benefits. iv. Proposed financial terms, purchase price, development and operating pro forma. v. Proposed plan or program to use local contractors, sub-contractors and laborers in the Project. b. After the BBCRA staff reviews the proposals for completeness and evaluates the proposals based on the criteria above, the BBCRA staff will present the results of the review and evaluation process to the BBCRA Board at a public meeting. The BBCRA Board will then consider all proposals that meet the minimum submission requirements for review. c. The Proposers may be asked to present their PowerPoint slide presentation before the BBCRA at their regularly scheduled meeting in the City Commission Chambers at City Hall located at 100 E. Ocean Avenue. In addition to a presentation to the BBCRA Board, the Proposers may be asked to present their Proposals before the BBCRA Advisory Board at their regular meeting. The BBCRA Advisory Board acts as a recommendation body to the BBCRA Board. d. At the conclusion of the public presentations, a proposer may be selected by the BBCRA Board. However, the BBCRA Board is under no obligation to select a proposer regardless of their ranking, and can, at its sole discretion, opt to terminate the RFP/RFQ process or continue the process to a subsequent meeting. e. The existence of a contractual relationship between a proposer and the BBCRA is contingent upon successful negotiations between the BBCRA and a selected Proposer, and execution of an agreement by both parties. Therefore, upon selection of a successful Proposer, the BBCRA and the successful proposer will then enter into negotiations for a Purchase and Development Agreement that will contain terms substantially similar to those contained in the successful proposal and this RFP/RFQ. L Any Purchase and Development Agreement mustbe in a form approved by the BBCRA Board and BBCRA legal counsel. ii. If the BBCRA and the successful proposer are not able to agree upon a Purchase and Development Agreement satisfactory to both parties within 90 days of the selection of the successful proposer, the proposer shall have the right to terminate the negotiations. The BBCRA may terminate negotiations at any time for any reason. 01353549-2 Page 11 of 36 iii. If the BBCRA sends an agreed-upon Purchase and Development Agreement, or sends a Purchase and Development Agreement with a communication that informs the proposer that the agreement constitutes the BBCRA's final offer, and the proposer fails to return an executed copy of the provided Purchase and Development Agreement within 30 days of receipt of such agreement from the BBCRA, the negotiations are deemed terminated unless the BBCRA explicitly extends the deadline in writing. iv. The BBCRA may withdraw its offer of agreement,including a final offer,at any time prior to acceptance of such agreement. v. Upon termination of negotiations or withdrawal of the offer of agreement,the BBCRA may move forward as it deems appropriate, which may include entering into negotiations with another Proposer, re-advertising the RFP/RFQ electing to terminate the RFP/RFQ process, or any other action it deems to be in the best interest of the BBCRA. f. Any transfer of the property from the BBCRA to a proposer may be subject to approval of the City of Boynton Beach. 16.Tentative Schedule. The following tentative schedule is anticipated for actions related to this RFP/RFQ.All dates, times,and locations are subject to change.All changes will be posted to the BBCRA's website at www.boyntonbeachcra.co . Issue Date: August 17, 2020 Request for Information Deadline: October 12, 2020, 5:00 p.m. Submittal Deadline: October 23,2020,by 3:00 p.m.,BBCRA Office Presentation to the BBCRA Advisory Board*: November 5, 2020, at 6:30 p.m., City Hall Presentation to BBCRA Board*: November 10, 2020, at 5:30 p.m., City Hall Purchase &Development Agreement to BBCRA Board*: January 12, 2021, at 5:30 p.m., City Hall (*Note:Dates above subject to change—registered interested parties will be notified by email of changes, if any) 17.Contact and Questions a. Contact Information. All correspondence, questions, and requests for clarifications related to this RFP/RFQ must be directed to the person designated as the procurement officer for this RFP/RFQ: 01353549-2 Page 12 of 36 Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 E. Ocean Avenue, 4th Floor Boynton Beach, Florida 33435 Phone: (561) 600-9091 Email: Si on @bbfl.us b. Form of Contact; Answers in the Form of Addenda. All correspondence, questions, requests must be submitted in writing via email to the person identified above and may be submitted at any time but no later than 5:00 p.m., on October 12, 2020.All answers to questions, clarifications,and interpretations will be issued in the form of addenda, which become part of this RFP/RFQ. The proposer must acknowledge receipt of each addenda by completing the Addenda Acknowledgement Form and including it with the submitted Proposal (see Attachment "U). It is the responsibility of all proposers to obtain, review and respond to any and all addenda issued. Oral explanations, information, and instructions shall not be considered binding on the BBCRA. All proposers are encouraged to independently verify the accuracy of any information provided. Neither the BBCRA nor any of its agents or employees shall be responsible for the accuracy of any oral information provided to any proposer, or to any assumptions made by Proposer. Written proposals to all written questions submitted shall be maintained by the BBCRA in the RFP/RFQ file. c. Limitations on Communications; Cone of Silence; No Lobbying. proposer or persons acting on Proposer's behalf may not contact, between the release of the solicitation and the end of the 72-hour period following the BBCRA posting the notice of intended award (excluding Saturdays, Sundays, and state holidays), any employee, officer, or board member of the BBCRA concerning any aspect of this RFP/RFQ except in writing to the procurement officer or as provided in the RFP/RFP documents. Violation of this provision may be grounds for rejecting a proposal. Further, during the same time period, proposer or persons acting on Proposer's behalf may not contact any BBCRA Advisory Board Member, or any other person working on behalf of the BBCRA on any matter related to this RFP/RFQ. Communication prohibited by this RFP/RFQ or by any other state,federal,or local law or regulation, may cause an individual or firm to be disqualified immediately from participating in the proposal or selection process. Any violation of this condition may result in rejection and/or disqualification of the Proposer's proposal. For purposes of this section,persons acting on Proposer's behalf shall include,but not be limited to, the Proposer's employees, partners, attorneys, officers, 01353549-2 Page 13 of 36 directors, consultants, lobbyists, or any actual or potential subcontractor or consultant of the Proposer. This "Cone of Silence/No Lobbying" is in effect from the date of publication of the RFP/RFQ and shall terminate 1) at the time the BBCRA Board selects a Proposer, rejects all proposals, or otherwise takes action which ends the solicitation process; or 2) at the end of the 72-hour period following the BBCRA posting the notice of intended award, excluding Saturdays, Sundays, and state holidays,whichever is later. 18.Disclosure and Disclaimer. Proposer understands and acknowledges that to the extent permitted by law, the BBCRA retains all rights, at its sole and absolute discretion,to: a. Withdraw this RFP/RFQ at any time; b. Modify the schedule associated with this RFP/RFQ; c. Issue addenda to this RFP/RFQ; d. Request additional information, clarifications, or assurances from one or more Proposers or prospective Proposers; e. Reject any and all proposals; f. Refrain from awarding an agreement as a result of this RFP/RFQ; g. Verify the accuracy of any information provided; h. Accept proposals that deviate from this RFP/RFQ; L Disqualify or reject proposals that are incomplete, untimely, or unclear; j. Re-advertise this RFP/RFQ and accept new proposals; k. Obtain economic feasibility studies or third party evaluations with regard to any part of any proposal; 1. Evaluate the proposals through any process that complies with the BBCRA Procurement Policy, this RFP/RFQ and applicable Florida Statutes, m. Select the one or more successful proposals or Proposers it deems will be in the best interests of the BBCRA,regardless of which proposal appears to offer the best monetary value to the BBCRA; n. Waive any required element or condition found in this RFP/RFQ for all proposals or for a specific proposal; o. Waive any formalities associated with this RFP/RFQ; p. Negotiate agreements, abandon or withdraw from negotiations, approve agreements, and take other similar actions as a result of this RFP/RFQ. Any proposer who submits a proposal in proposal to this RFP/RFQ fully acknowledges all the provisions of this disclosure and disclaimer and agrees to be bound by the terms hereof. In the event of any differences between this disclosure and disclaimer and the balance of the RFP/RFQ, the provisions of this disclosure and disclaimer shall govern. If proposer fails to fully comply with all requirements of this RFP/RFQ proposer or proposer's proposal may be disqualified. 01353549-2 Page 14 of 36 19.Protests. The BBCRA Bid Protest Policy is available upon request. Submittal of a proposal constitutes acceptance of this policy. 20.Non-Discrimination. The selected Proposer,on behalf of itself,its successors and its assigns,agrees that no person shall, on the ground of race, color, disability,national origin, religion,age,familial status,sex, or sexual orientation, be subjected to discrimination in any way that is associated with the RFP/RFQ, the BBCRA, the proposal, any agreement resulting from this RFP/RFQ, or the Project. 21.Permits, Taxes. Licenses and Laws. The successful proposer will be required to pay for and/or obtain, at its own expense, all permits, licenses, fees, and taxes required, and to comply with all federal, state, and local laws, ordinances, rules, and regulations applicable to responding to this RFP/RFQ and carrying out the Project. 22.Sensitive and Proprietary Information. The BBCRA will maintain the confidentiality of sensitive and proprietary information to the extent permitted by law. The BBCRA will consider all other information, documentation and other materials submitted in proposal to this RFP/RFQ to be of non-confidential and or non- proprietary nature and therefore subject to public disclosure under Chapter 119 of the Florida State Statutes. 23.Public Records. The BBCRA is public agency subjectto Chapter 119,Florida Statutes.The successful proposer shall comply with Florida's Public Records Law. Specifically,the successful proposer shall: a. Keep and maintain public records that ordinarily and necessarily would be required by the BBCRA in order to perform the service; b. Provide the public with access to such public records on the same terms and conditions that the BBCRA would provide the records and at a cost that does not exceed that provided in Chapter 119, Fla. Stat., or as otherwise provided by law; c. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law; and d. Meet all requirements for retaining public records and transfer to the BBCRA, at no cost, all public records in possession of the proposer upon termination of the contract and destroy any duplicate public records that are exempt or confidential and exempt.All records stored electronically must be provided to the BBCRA in a format that is compatible with the information technology systems of the BBCRA. 01353549-2 Page 15 of 36 IF PROPOSER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO PROPOSER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS RFP/RFQ, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561) 600- 9091; 100 E.Ocean Avenue,4th Floor,Boynton Beach,Florida 33435,SimonM@bbfl.us. 24.Public Entity Crimes Statement. A person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity;may not 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; may not submit bids, proposals, or replies on leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity in excess of the threshold amount provided in s. 287.017 for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list. In order to qualify for consideration under this RFP/RFQ, proposer must complete and attach Attachment"J,"Public Entity Crimes Statement. 25.Drug Free Workplace Certification Preference shall be given to Proposer(s) with drug free work programs,under the standards described in Section 287.087, Florida Statutes.Whenever two (2) or more proposals that are equal with respect to price, quality and service are received by the BBCRA or by any political subdivision for the procurement of commodities or contractual services,a proposal received from a business that certifies that it has implemented a drug-free workplace program shall be given preference in the award process. In order to receive such preference, the proposer shall complete and submit with its proposal the attached certification,Attachment"K," Drug Free Workplace Certification. END OF MAIN DOCUMENT PROCEED TO ATTACHMENTS 01353549-2 Page 16 of 36 List of Attachments: A. Project Location Map B. Project Location Survey C. Proposer Information D. Acknowledgement Letter E. Design Examples F. Energy Efficiency Guidelines Checklist G. Disclosure and Authorization to Perform Credit Check H. Authorization to Perform Credit Check I. Authorization for Release of Information J. Public Entity Crimes Statement K. Certification of Drug Free Workplace Program L. Addenda Acknowledgement M. Certification of Non-Scrutinized Entity 01353549-2 Page 17 of 36 ATTACHMENT "A" PROJECT SITE LOCATION MAP a 41 rs M }� , } IIS 1 i i „ 01353549-2 Page 18 of 36 -(b' dd 9t 30vd'SZ'e �d)NO 33015 ANNI76 tN0018'S45101 ...9Zl tStl .... (h (-aJ8d 6S 39tld ZEd)N'II S08 DI IOIAO IOIIOHVd3H6 Y < _ f £NOOIB'B 8 4'E Z't 510130 ShOI1t30d N W W 9NIddVkV?5NlA3AHns a�Og Btl'8�� — 8LpZ1LtiEp � 'ON7`S31V700SSd8WOt1(hV Am ns DINdvN'JOdO1F AWGNn(>e d A38iS 14 3 N — _ i.LO'Zt£ .t. 3.SZ.m,s �' a rr. ` aS i " 0 o r v 3 .b6'6tr/ M..£Z.tS,40N r W ti 11 z m 89'Btrl 3.sZ lEot05 o — _ z i t x s -- ———i Z = x k e � r s H 0066 M.sZ VE LON �. U C �€ Lt 66 3.q Zul£>40S � s Hui ,Os'604 MSZ.tE,�ON s IN -14 0 3 R r y` I � r a i 1 a i r y 5 P� a . M..Ls.tE>69N, ... -- -- OaVA3l(1O91S3a�V3S 4. i e= k SF 1 S m ¢ � 5 � � 6 a fr FS p 5 o. E S E E� _ sl iF - €m m.E & k E S $ 21 iR ai Z iYLY 4 – l8 c Y o r� a, m E P 4 n i L a ATTACHMENT "C" PROPOSER(S) INFORMATION Name: Street Address: Mailing Address (if different): City, State, Zip: Telephone No. : Fax No: Email Address of Contact Person: 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. Age of Organization - In continuous business since: Leadership - List Corporate Officers, Principals, Partners or owners of your Organization with titles and addresses. If a publicly held company, list Chairman of the Board, CEO, and President: Federal Identification No.: State of Incorporation & Registration No.: If not a corporation, explain your status: 01353549-2 Page 20 of 36 ATTACHMENT "D" ACKNOWLEDGMENT LETTER PROPOSER(S) SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE ********************************************************************************** Re: Boynton Beach Community Redevelopment Agency Request for Proposal/Request for Qualifications (RFP/RFQ) dated August 17, 2020 Cottage District Infill Housing Redevelopment Project 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 August 17, 2020. On behalf of proposer identified below and 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 met and all required documents are enclosed. We further certify that all information presented in this proposal,and all of the information furnished in support of the proposal,is true and complete to the best of our knowledge and belief, and we are aware of the fact that making false statements or presenting false information that results in an Agreement may be penalized to the maximum extent allowed by law. Sincerely, Name of Proposer Print Name and Title Authorized Signature Date 01353549-2 Page 21 of 36 ATTACHMENT "E" DESIGN EXAMPLES LOCAL HISTORIC ARCHITECTURAL EXAMPLES G, t: �{Y d sib 5, �Y 1„ i a Y ti 01353549-2 Page 22 of 36 ATTACHMENT "E" (continued) SAMPLE ELEVATIONS - 7-1 at ILI 9 r, Rt „ j .. a , , 9 , z t, �'j v'" , — �F ,•a�A i 01353549-2 Page 23 of 36 ATTACHMENT "E" (continued) Alternative Carport Options and Urban Neighborhood Site Plan Concepts P' Riga K �k graphics below by Looney Ricks Kiss Architects, Inc. 1"KJNh LAT)¢6.� a ,f g� �arARe A M1 lie:er w�yta'pnn tx Cywa d'RWtuw Atln.s,rmakxi a # k i� Mr ka 41"'—" rt a a h., to6, +oae ( L�som .4 a a t a x:rx !1k ,emm— Ric Ale 1,m&'f caw r �m 4'4'�� aka h. l ' $ wA W t a JA MSg^— qr -..es r. Lip tY4➢ds 6'k W- 1.' 1 1• f ! tl 9� gym' Ur fi7>t+w,9a 3 N44"'. n F x�'Us am�r xv+.9� +� avea�.u.«kFt.^w arca as�u�Saa ca r.w. 01353549-2 Page 24 of 36 graphics below by Looney Ricks Kiss Architects, Inc. 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Crr «T rt50W r h 3 f u ko� mom A B 9 n, S ` F¢` !G r E 1 i' k 9 a a r ,iN� 5 �v am,eri�,�w,�'- �=+3•Has 4a�wFs��.p s w a+ 3 � i r� df� y 3 Ell 01353549-2 Page 28 of 36 ATTACHMENT 7" ENERGY EFFICIENCY GUIDELINES 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 ❑ Proper installation of insulation to ensure even temperatures throughout the house per FBC-Residential requirements ❑ Installation of high performance impact windows per Florida Building Code (FBC)- Residential requirements ❑ Installation of energy-efficient HVAC systems - Energy Star compliant ❑ Installation of new Energy Star compliant products including light fixtures, LED bulbs, ventilation and exhaust fans and appliances (refrigerators, dishwashers, and washer/dryer machines) Improved Indoor Environments ❑ Building envelope, duct systems and vents must be properly sealed to prevent cracks and holes ❑ Carpet, pads, and other surface materials and installation must comply with the Carpet and Rug Institute's Green Label Certification ❑ Utilization of only low Volatile Organic Carbon paints, finishes, and sealants ❑ 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 Efficiency ❑ Installation of low volume, non-spray irrigation system ❑ Incorporation of landscape practices recommended by the University of Florida's Florida Friendly Landscape Program (http://fyn.ifas.ufl.edu/) and compliance with the Landscape Regulations of the City of Boynton Beach. ❑ Installation of low flow toilets and sink faucets 01353549-2 Page 29 of 36 ATTACHMENT "G" DISCLOSURE AND AUTHORIZATION TO PERFORM CREDIT CHECK An authorization to Perform Credit Check will need to be completed by each Principal/Owner. For Principal f Owner: (Please use a separate form for each principal/owner) As Principal/Owner of Proposer, I (name) hereby affirm I have read the above disclosure, and consent to and authorize the Boynton Beach Community Redevelopment Agency's (`BBCRA") investigation into my credit worthiness. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of my 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., and I may request a copy of any information provided to the BBCRA as part of the BBCRA's investigation into my creditworthiness. I grant 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. I hereby waive any and all claims,past present or future,which I may have against the BBCRA by reason of any credit investigation made pursuant to my consent and authorization herein given to the BBCRA. Proposer Name: Principal/Owner Name: Date of Birth: Current Home Address: Previous Home Address: Email: Phone #: Signature: Date: Print Name: 01353549-2 Page 30 of 36 ATTACHMENT "H" AUTHORIZATION TO PERFORM CREDIT CHECK For Proposer (Business EntftyL. The proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("BBCRA") investigation into the creditworthiness 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. Proposer (Business) Name (D/B/A if applicable): Current Business Address: Federal Tax ID# State of Incorporation: Phone #: Fax#: Authorized Signature: Date: Print Name: Title: 01353549-2 Page 31 of 36 ATTACHMENT "I" AUTHORIZATION FOR RELEASE OF INFORMATION To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character, or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the business identified as "proposer"below. By: STATE OF FLORIDA COUNTY OF PALM BEACH THE FOREGOING INSTRUMENT was acknowledged before me this day of . 2020,by who is personally known to me or who has respectively produced as identification and did not take an oath. Notary Public: Print Name: Commission No: (Seal) My Commission Expires: Name: Home Address: Home Telephone Number: Business Telephone Number: Fax Number: Date of Birth: Professional License Number: Proposer (Business) Name: 01353549-2 Page 32 of 36 ATTACHMENT "J" 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 36 months following the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that proposer has not been placed on the convicted vendor list within the past 36 months and complies fully with the above requirements. Proposer Name Authorized Signature Print Name Title Date 01353549-2 Page 33 of 36 ATTACHMENT "K" CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM I certify that . the proposer responding to this RFP/RFQ, maintains a drug-free workplace program, and that the following conditions are met: (1) Proposer publishes a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance is prohibited in the workplace; and specifying the actions that will be taken against employees for violations of such programs. (2) Proposer informs 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) Proposer gives each employee engaged in providing the commodities or contractual services included in this RFP a copy of the statement specified in Subsection (1). (4) In the statement specified in Subsection (1), proposer notifies the employee that, as a condition of working in the commodities or contractual services covered under this RFP/RFQ he/she will abide by the terms of the statement; and will notify the employer (Proposer) 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 days after such conviction. (5) Proposer imposes a sanction on,or requires 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) Proposer makes a good faith effort to continue to maintain a drug-free workplace through implementation of this Section 287.087, Florida Statutes. As the person authorized to sign the statement, I certify that proposer complies fully with the above requirements. Authorized Signature: Date Name &Title (typed) 01353549-2 Page 34 of 36 ATTACHMENT "L" 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 Infill Housing Redevelopment Project By entering checking YES or NO in the space provided and indicating date received. No. 1 ❑ Yes ❑ No Date No. 2 ❑ Yes ❑ No Date No. 3 ❑ Yes ❑ No Date No. 4 ❑ Yes ❑ No Date No. S ❑ Yes ❑ No Date RFP/RFQ INFORMATION WAS OBTAINED FROM: ❑ BBCRA Website ❑ Newspaper Ad ❑ City Hall ❑ Other, please specify: Authorized Signature Print Name Title Date 01353549-2 Page 35 of 36 ATTACHMENT "M" CERTIFICATION OF NON-SCRUTINIZED COMPANY . as Proposer, 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 BBCRA determines that this certification is falsified or contains false statements, or that proposer is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the submittal of the Proposal or the execution of any agreement arising out of this RFP/RFQ, the BBCRA may disqualify the Proposal and/or terminate the agreement. Proposer Name By: Authorized Representative of Proposer Date: STATE OF COUNTY OF SWORN TO and subscribed before me this day of 20 , by . 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) 01353549-2 Page 36 of 36 B'C-)YRC)N ,. .WWWBEACH '�CRA C1 . L ADDENDUM NO. 1 TO REQUEST FOR PROPOSALS AND DEVELOPERS QUALIFICATIONS (RFP/RFQ) COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT October 14, 2020 TO ALL PROPOSERS AND OTHERS CONCERNED The Boynton Beach Community Redevelopment Agency (BBCRA) is issuing a Request for Proposals and Developer Qualifications (RFP/RFQ) for the acquisition and redevelopment of the BBCRA-owned properties within the Heart of Boynton District. These properties, collectively known as the Cottage District Infill Housing Redevelopment Project Site, are located between N.E. 41h and N.E. 51h Avenues and N. Seacrest Boulevard and N.E. 1St Street, Boynton Beach, Florida (the "property" or"Project property"). The intent of this RFP/RFQ Addendum is to address to address any errors or misprint, provide supplement information, or provide clarification when requested. Proposers submitting proposals for the above- referenced project shall take note of the following changes, additions, deletions clarifications, etc., to the RFP/RFQ which shall become a part of and have precedence over anything shown or described otherwise. Question #1: On pages 7-9 in Section 12. Required Elements of Proposals, there are multiple instances of"If the Proposal is submitted by more than one entity, each entity much provide the requested information separately." Does separately mean that the CRA would like each team member to include this requirement in the proposal package or does the CRA intend each team member to submit this requirement separately to the CRA under separate cover? Answer: It is the intent of Section 12 to request information from the Proposer(s)where specified. The Proposer is the entity that will be entering into a Developer's Agreement with the BBCRA, not each of the professions that contribute to the Project. An example of a two Proposer submission where this would be applicable would be if a townhouse builder and a detached single-family housing builder"teamed" up to submit one proposal under one legal entity such as, but not limited to, a joint venture, LLC, or partnership. All necessary information from each builder will need to be combined into one proposal packet. Question #2: Would the CRA please specify which forms, if any, are required to be submitted by team members other than the Proposer? Answer: See response given to Question 1 above. Question #3: 3.a. Section 12, letter q. requires the inclusion of a PowerPoint presentation in the proposal. Would the CRA please explain the purpose of this/intended audience? Answer: The PowerPoint presentation will be used during the CRAAB and BBCRA Board meetings. 3.b. If the PowerPoint presentation is intended to be used in a shortlist presentation, are we able to make changes to the presentation after the submittal date and before the presentation or supplement the presentation? Answer: No. 1 Addendum No.01 Question #4: In the included Geo-technical Report, is the stated 2000 psi the maximum soil bearing capacity, or did the CRA specify this as the limit? Answer. The BBCRA did not provide any specifications prior to the performance of the Geo- technical Report. Question #5: Will the CRA consider alternatives to on-street parking? Answer. Any and all alternatives submitted by a Proposer may be presented to the BBCRA Board for their consideration as part of the Proposal. Question #6: Due to the circumstances surrounding COVID-19, would you consider permitting the submission of electronic copies instead of hard copies? Answer: No. Question #7: Please provide a list of all registrants. Answer. The following entities/individuals have registered as of the publication date of this Addendum: • Ace Development • Centennial Management Corp • Franck Gotsman • Boynton Beach Cottage District Development, LLC • Fox Ridge Capital • Aina Development, LLC • Lavoid Johnson • KHovmanian Homes • Pulte Group • WGI, Inc. Question #8: Can the CRA share any community comments with respect to previous development proposals and/or CRA development of the site? Answer. All of the meeting minutes and meeting videos for BBCRA Board meetings can be found on the BBCRA's website: www. oyntoneachcra.com Questions #9-13: Drainage 9. Can we continue to sheet flow or pipe connect runoff to road right-of-way? 10. Can we use a pre-post reduction approach? 11. The road abutting lots, can we isolate them and do a pre-post for each? 12. Can we eliminate the 25 yr berm for these perimeter lots? 13. Is Legal Positive Outfall required? Answer: As part of a Proposer's due diligence, all of the above questions regarding drainage may be directed to the City of Boynton Beach Utilities Department. Questions #14-18: Water Distribution 2 Addendum No.01 14. Can we feed the buildings from the rear? Where does the meter need to be? 15. Is there WM along NE 5th Avenue? 16. Can we have As-builts /Atlas Sheets 17. Do we need to sprinkle the buildings? 18. Meter bank or individual meters and service runs for Townhome Lots? Answer: As part of a Proposer's due diligence, all of the above questions regarding water distribution may be directed to the City of Boynton Beach Utilities Department. Questions #19-20: Sanitary Sewer 19. Is there capacity in the gravity system(s) surrounding the property (or is a lift station needed)? 20. Can SF units be served from the rear to avoid multiple roadway open cuts and new service taps in existing mains. Answer: As part of a Proposer's due diligence, all of the above questions regarding sanitary sewer may be directed to the City of Boynton Beach Utilities Department. Questions #21-25: Roadway 21. Is a 32-ft Road Right-of-Way acceptable for the interior proposed loop road? 22. Sidewalk along NE 4th Avenue is not continuous? 23. Does it span the private lots that are remaining? 24. If the above is the case, the SWK would be on private property; how do we go about this? 25. Utility taps: what are the City's restoration requirements (limits of reconstruction and milling & resurfacing)? Answer: As part of a Proposer's due diligence, all of the above questions regarding roadways may be directed to the City of Boynton Beach Utilities & Public Works/Engineering Departments. Question #26: Site Plan 26. What are the setback requirements for the various products? Answer: As part of a Proposer's due diligence, all site specific questions regarding development regulations for the proposed product may be directed to the City of Boynton Beach Planning & Development Department. END OF ADDENDUM No. 1 3 Addendum No.01 APPRAISAL REPORT BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PROPERTY OWNERSHIP of 4.346 Acres of Land between NE 4th AVENUE & NE 5th AVENUE, east of SEACREST BLVD& NE 1St STREET BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue Boynton Beach, FL 33435 August 10, 2020 sf, Vance Real Estate Service t= r E August 10>2020 Boynton Beach Community Redevelopment Agency ,`�sf, 100 East Ocean Avenue Boynton Beach, FL 33435 i RE: 4.346 acres of land,between NE 4"'Avenue&NE 5h Avenue,between Seacrest Blvd & NE lst Street, 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 August 10, 2020. The report sets forth our value conclusion, along with data and reasoning supporting our value 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 2020-2021). This report is for exclusive use of the client for possible disposition of the appraised property. i 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 market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS 1 893 000 I (THIS LETTER MUST REMAINATTACHED TO THE REPORT WTH EIGHT-NINE(89)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 in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h 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 Photos of the Appraised Property 5 Aerial views 7 1-3-5 Mile Location Map 10 1-3-5 Mile Demographic Statistics 11 Sketch of Survey 13 Parcel Identification No. Map 14 Zoning Map & Land Use Map 15 Summary of Important Facts and Conclusions 16 DESCRIPTIONS ANALYSES & CONCLUSIONS 17 I entity of Client and Intended User 18 Intended Use 18 Identification of Real Estate Appraised 18 Ownership 18 Legal Description 18 Real Estate Tax Data 19 Market Area Description 20 Land Use & Zoning 25 Site Description 26 Real Property Interest Appraised 27 Appraisal Purpose and Definition of Market Value 27 Effective Dates of the Appraisal and Report 28 Scope of the Work 28 Summary of Information Considered 29 Property History 30 Highest and Best Use 30 SALES COMPARISON APPROACH-LAND VALUATION 33 Land Sales es Location map 34 Land Sales documentation 35 Land Sales Comparison and Adjustment Chart 62 Valuation by the Sales Comparison Approach 63 FINAL VALUE OPINION 66 Certification and Limiting Conditions 67 ADDENDA 69 Zoning information 70 USPAP Standards Rule 2-2a 78 Qualifications of the Appraisers 81 INTRODUCTION t o-x F, Yom; r T1s STREET SCENE OF NE 1ST STREET, LOOKING NORTH li I I I III � r, r „ r r£ Iri lt,ft 1 ,4s t _ r f f, r ... 4- a ` 3 "t STREET SCENE OF NE 4TH AVENUE, LOOKING WEST 5 ink — my r BOWL � 1 ._ �n ;. STREET SCENE OF NORTH SEACREST BLVD, LOOKING NORTH p � t I r � •-, �-. _ fly r t � r t STREET SCENE OF NE 5TH AVENUE, LOOKING EAST 6 1 a t e r , 5 1 , o- AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING NORTH , �a „ t ;t, , i v i; m snt, - i i t .44t't AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING WEST -- ry t u 1 G l t — AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING EAST ai— k y i S , } q; AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING SOUTH s A, 4 it n r f I M� f I (r I til I= C I � pp tr i f p 9 � t Iv s 0f �q Warth" R t ti,h Florida ii Lantana s f ( kpt t t " �- ,�' ttrri ep i�aftAy Eli,�iLeh a Kirvapa Paiir%1 �Home 0 4�,�� I. � ighinnd SaAeSh 1-3-5 MILE RADII FROM THE VALUED PROPERTIES 145 NE 4 Avenue Boynton Beach, Florida 10 • Gesn" Prepared by VANCE REAL ESTATE SERVICE 145 NE 4th St, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 11,649 65,069 155,235 2010 Population 11,943 72,927 171,739 2020 Population 14,168 82,021 189,961 2025 Population 15,795 88,008 201,763 2000-2010 Annual Rate 0.25% 1.15% 1.02% 2010-2020 Annual Rate 1.68% 1.15% 0.99% 2020-2025 Annual Rate 2.20% 1.42% 1.21% 2020 Male Population 49.3% 47.9% 47.6% 2020 Female Population 50.7% 52.1% 52.4% 2020 Median Age 43.1 44.6 47.4 In the identified area, the current year population is 189,961. In 2010, the Census count in the area was 171,739. The rate of change since 2010 was 0.99% annually.The five-year projection for the population in the area is 201,763 representing a change of 1.21% annually from 2020 to 2025. Currently, the population is 47.6% male and 52.4%female. Median Age The median age in this area is 43.1, compared to U.S. median age of 38.5. Race and!Ethnicity 2020 White Alone 48.9% 59.0% 63.8% 2020 Black Alone 43.7% 32.3% 27.1% 2020 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2020 Asian Alone 1.1% 1.9% 2.2% 2020 Pacific Islander Alone 0.0% 0.0% 0.0% 2020 Other Race 3.3% 3.7% 3.9% 2020 Two or More Races 2.6% 2.8% 2.6% 2020 Hispanic Origin (Any Race) 15.0% 17.9% 18.3% Persons of Hispanic origin represent 18.3% of the population in the identified area compared to 18.8% 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 66.3 in the identified area, compared to 65.1 for the U.S. as a whole. Households 2020 Wealth Index 85 90 106 2000 Households 4,625 28,342 67,943 2010 Households 4,789 31,354 74,199 2020 Total Households 5,772 35,282 81,636 2025 Total Households 6,455 37,852 86,562 2000-2010 Annual Rate 0.35% 1.02% 0.88% 2010-2020 Annual Rate 1.84% 1.16% 0.94% 2020-2025 Annual Rate 2.26% 1.42% 1.18% 2020 Average Household Size 2.45 2.29 2.30 The household count in this area has changed from 74,199 in 2010 to 81,636 in the current year, a change of 0.94% annually. The five-year projection of households is 86,562, a change of 1.18% annually from the current year total. Average household size is currently 2.30, compared to 2.29 in the year 2010.The number of families in the current year is 46,555 in the specified area. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. August 13, 2020 11 • Gesn" Prepared by VANCE REAL ESTATE SERVICE 145 NE 4th St, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Mortgage';Income 2020 Percent of Income for Mortgage 20.9% 17.7% 18.8% Median Household Income 2020 Median Household Income $49,510 $54,400 $56,865 2025 Median Household Income $54,399 $58,412 $61,782 2020-2025 Annual Rate 1.90% 1.43% 1.67% Average Household Income 2020 Average Household Income $76,262 $78,217 $83,010 2025 Average Household Income $84,929 $86,248 $92,023 2020-2025 Annual Rate 2.18% 1.97% 2.08% Per Capita Income 2020 Per Capita Income $31,744 $33,848 $35,802 2025 Per Capita Income $35,399 $37,298 $39,606 2020-2025 Annual Rate 2.20% 1.96% 2.04% Households by Income Current median household income is$56,865 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $61,782 in five years, compared to $67,325 for all U.S. households Current average household income is$83,010 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $92,023 in five years, compared to $99,510 for all U.S. households Current per capita income is $35,802 in the area, compared to the U.S. per capita income of$34,136. The per capita income is projected to be $39,606 in five years, compared to $37,691 for all U.S. households Housing 2020 Housing Affordability Index 111 128 120 2000 Total Housing Units 5,725 34,157 81,060 2000 Owner Occupied Housing Units 3,062 20,409 51,405 2000 Renter Occupied Housing Units 1,564 7,933 16,538 2000 Vacant Housing Units 1,099 5,815 13,117 2010 Total Housing Units 6,578 40,170 92,393 2010 Owner Occupied Housing Units 2,883 20,052 51,999 2010 Renter Occupied Housing Units 1,906 11,302 22,200 2010 Vacant Housing Units 1,789 8,816 18,194 2020 Total Housing Units 7,732 43,814 99,236 2020 Owner Occupied Housing Units 3,338 21,507 55,152 2020 Renter Occupied Housing Units 2,434 13,775 26,484 2020 Vacant Housing Units 1,960 8,532 17,600 2025 Total Housing Units 8,545 46,674 104,565 2025 Owner Occupied Housing Units 3,567 22,462 57,279 2025 Renter Occupied Housing Units 2,888 15,390 29,283 2025 Vacant Housing Units 2,090 8,822 18,003 Currently, 55.6% of the 99,236 housing units in the area are owner occupied; 26.7%, renter occupied; and 17.7% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 92,393 housing units in the area - 56.3% owner occupied, 24.0% renter occupied, and 19.7% vacant. The annual rate of change in housing units since 2010 is 3.23%. Median home value in the area is$255,403, compared to a median home value of$235,127 for the U.S. In five years, median value is projected to change by 2.36% annually to$287,048. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. August 13, 2020 12 Wn n(tl £N0018e8dSLOl �8gtlEeO08 0ry0I HS SZ'l IQA 1'9 t 'IISIOl3OS1OId s tBGI .... NWW `JNtddVIN B`JN(A3A`J(7S LOvLt/YO JJS ._ 8 aN`S31V7 OM 8WOHIAV "1 xe - Amdn8 DIHdvNc)odQ1F AWGNn(>e g - �. tf 13 — _ +<� 3N1S ts4 3N _ � 4 0 m x o r v 3 26'6tr/ M.,£Z.tS,40N r W ti 11 z m 89'Btrl 3..4Z lEot05 o — _ o i t x s e —— = K w i -- J1 •-� 66 Mx9Z LE LON R. e d I^ PF 7 LLX N. xl s;Ir �s. iioA � fr � I Lt 66 9.97H1£>40Svii S1 r W ( — 604 M.9Z.tE,�ON S v I h � m _ KALS&MON w f s 9r5 m r 6Y s 4 i w I" v r � I ` ., I " Gl -.. — -- OWA3inoaiS3N6v3s 3 - m ¢ � 5 " � � 6 > E E _ - l8 c Y m E v P 4 n i La mat ix iso r^ s A5 ; I}, O i tt , r „ 9 I� -- 4' 44 t1 ro � h - I � I 4 a uj ititv{Iss r i , � � i` ` ' t B �Aw q -03c tf,aA 5F�yta,r u�;fiSf � E - , U �S �� d �� ti^t f:uda, �y,i� �t� � pS�=t�" s��R v i�� ti S�t\� $''�rl�1 '��, - �{' ;•t,' it, t rq r t ac J � t � �� t �_ o- �� s.� �•- 4 ikj l SO ZONING MAP ppraised Property fi « ti c r i t Sc a .\itis tu' qyy! G F u« a 0 � 1 " �'.� �� ,.��}�f{{u t �� ' � � �„ � �� t�``_s�>`��, .' �� of '� - � 1, t•': 4 {tt ry FUTURE LAND USE MAP Appraised Property 15 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: 4.346 acres of vacant land between NE 4t' Avenue & NE 5t' Avenue, east of Seacrest Boulevard to NE lst Street, Boynton Beach, FL 33435 OWNERSHIP: Boynton Beach CRA 100 East Ocean Avenue, Boynton Beach, FL 33435 LAND AREA: 189,290 square feet or 4.346 acres (size from sketch of survey). The property is identified by the Palm Beach County Property Appraiser as 18 parcels and a vacated alley. The Boynton Beach CRA has assembled the parcels to function as one property and constitute the larger parcel of this appraisal. All of the land is listed as having one owner. The parcels are adjacent to each other, with no physical barriers separating them. The highest and best use for the larger parcel is for one unified use of residential. The subject of this appraisal will be referred to as one property. Therefore, the opinion of value is developed for the larger parcel. BUILDING IMPROVEMENTS: None contributing to the highest and best use of the property CURRENT ZONING: "R-2", One & Two Family Residential District FUTURE LAND USE: "MDR", Medium Density Residential APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant, except 145 NE 4 Avenue which has an old duplex on the lot that does not contribute to the highest and best use of the property. HIGHEST AND BEST USE: Low density residential use of either detached single family dwellings or townhouses or a mix, with a density of approximately 10 dwelling units per acre VALUE: ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS 1 893 000 VALUATION DATE: August 10, 2020 Exposure Time: 12 months prior to selling at the appraised value Marketing Time: 12 months immediately following the effective date of appraisal during which time the subject property could sell at the appraised value 16 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 2020 - 2021) 2-2(a)(i) State the identity of the client; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the identity of any other intended users by name or type; None 2-2(a)(iii) State the intended use of the appraisal; The intended use of the appraisal is for possible sale of the appraised property. 2-2(a)(iv) Contain information, documentation, and/or exhibits sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Ownership: Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue Boynton Beach, FL 33435 Property Appraised: 4.346 acres of vacant land between NE 4th Avenue & NE 5th Avenue, east of Seacrest Boulevard to NE 1st Street, Boynton Beach, FL 33435 Legal Description: Complete legal description on the sketch of survey, listed as the 18 parcels comprising the larger parcel which is the appraised property. Census Tract No. 61 18 APPRAISAL REPORT (continued) Real Estate Tax: Boynton Beach Community Redevelopment Agency (BB CRA) owns the appraised property, exempting it from taxation. Thus, no real estate tax is paid by the property owner. When a property is exempt from taxation, the market value assigned to it by the county appraiser may not be current or accurate. Following are real estate tax data about the 18 parcels in the appraised property. Parcel Control Number Appraised Value Assessed Value 08 43 45 2128 0010010 $21,000 $12,035 08 43 45 2128 0010020 21,000 9,664 08 43 45 2128 0010031 21,000 9,664 08 43 45 2128 0010041 21,000 9,664 08 43 45 2128 0010061 21,000 9,664 08 43 45 2128 0010071 21,000 9,664 08 43 45 2129 003 0011 21,000 16,789 08 43 45 2129 003 0013 21,000 16,789 08 43 54 2129 003 0012 21,000 11,693 08 43 45 2129 003 0020 105,000 48,718 08 43 45 2129 003 0032 21,000 9,354 08 43 45 2129 003 0033 105,000 32,210 08 43 45 2129 003 0034 35,700 27,929 08 43 45 2129 003 0041 35,700 27,929 08 43 45 2129 003 0051 21,000 9,664 08 43 45 2129 003 0081 21,000 9,664 08 43 45 2129 003 0071 23,100 11,693 08 43 45 2129 003 0014 111,760 106,404 Total $668,260 $379,837 Flood Zone: Zone "X", according to Map Numbers 12099C0787F, 789F, 791F, 793F. Zone "X" is not in a Special Flood Hazard Area. 19 APPRAISAL REPORT (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. Those few which were constructed in the early 1920s that are still in use have had repairs and replacements over the decades changing their historical significance. 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. 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 town 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. There are three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Boca Raton, Palm Beach County, and Aventura and the Port of Miami, Miami-Dade County will be the next depots. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. 20 APPRAISAL REPORT (continued) The immediate subject market area is one of the Boynton Beach CRA redevelopment districts known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the district 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. Within the HOB, is the "Cottage District", named for the architectural style of a few remaining older homes, and is the location of the appraised property. 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. To the east of the FEC Railroad is U S Highway 1, also known as Federal Highway, the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Heavily trafficked Federal Highway is a catalyst to redevelopment of the general market area, with over 2,300 residential dwelling units in five projects either built or planned. Highway beautification projects enhanced the aesthetics of the market area. Individual 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 continue to facilitate revitalization of the subject market area. 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. 21 APPRAISAL REPORT (continued) 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. Projects completed 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 Projects in progress are: • High density residential buildings and commercial buildings on Martin Luther King, Jr. Boulevard • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Construction of new single family residences on NW 11 Avenue, west of Seacrest Boulevard. • Enhancements to Sara Sims Park including landscaping, pavilions, picnic facilities, lighting and security. 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 2020 in the one-mile radius is $49,510, for three miles it is $54,400, and $56,865 for the five mile circle. Median household income for Palm Beach County is $54,400. In the one-mile circle, population is 14,168. In three miles, population increases to 82,021; at five miles, it is 189,961. However, about one-third of the three and five mile circles are over the Atlantic Ocean and waterways. Annual growth rate is anticipated to be 1.21% to 1.42% in the 3 and 5 mile circles, during the next five years as the economy and job market recovers in South Florida. Growth rate is projected to be 2.20% in the one mile circle due to the construction of several new residential projects. 22 APPRAISAL REPORT (continued) In the market area, 56% of the housing units are owner occupied, with 27% rented. This percentage of renters is high for Palm Beach County because there are numerous multi-family dwellings in this vicinity. Vacancy is reported to be 17%; however, this amount is elevated due to the undercount of the other two categories as some residents are seasonal and not counted. Median home value in the five-mile area is $255,403 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$235,127 in the United States. Economic Trends In South Florida, as in the rest of the United States, real estate prices climbed from 2003-2006. In 2007-2008, concerns were expressed about an unsustainable upward price trend in the market. Then, the economic collapse came in fall of 2008 along with the crash in real estate prices. In 2009, there were very few sales of any type of real estate. By 2010, it appeared that the worst was over. Cash buyers started making purchases. From 2013 to present, sales activity and prices recuperated. The upswing in prices is due in part to scarcity of developable land, especially in the eastern part of the county. Properties are back to pre-crash prices; even properties with secondary characteristics attract buyers. The life cycle stage of the general market area is revitalization, a period of renewal, modernization and increasing demand. Revitalization in the CRA is taking place along US Highway 1, in the part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, consisting of 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, 15,757 square feet of commercial space, plaza, 644- space parking garage, et cetera. At 623 S Federal Highway, The Club of Boynton Beach is a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession halted those plans. At 2923 S Federal Highway, Daniel Heart Center is replacing an old strip store center by renovating the buildings. 23 APPRAISAL REPORT (continued) Town Square, a major redevelopment project to the west of Federal Highway is under construction 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 were 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. In the Heart of Boynton CRA district, Ocean Breeze East is under construction at 700 North Seacrest Boulevard. The development is an affordable apartment project containing 123 units, retail space, clubhouse and swimming pool. The project came about by the Boynton Beach Community Redevelopment Agency selling the land and the Florida Housing Finance Corporation and TD Bank providing the financing. Also in the Heart of Boynton CRA district will be apartments and retail buildings on Martin Luther King, Jr. Boulevard east of Seacrest Boulevard. There will be 125 residential units, 8,530 square feet of commercial space and 218 surface parking spaces. Part of the land was transferred from the Boynton Beach CRA to Wells Landing Apartments, LLC. Wells Landing purchased four parcels from a private property owner to complete the site for the new project. Funding for the project was awarded to the property owner from the Florida Housing Finance Corporation. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city. 24 APPRAISAL REPORT (continued) 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. The transformation of the area is in progress. Development of real estate takes time and the right market conditions which have been positive. Upward price trend for property in the subject market area will resume when the economy stabilizes and there are visible signs that projects are moving forward. Land Use: "MDR", Medium Density Residential, maximum density 9.58 dwelling units per acre Zoning: "R-2", One & Two Family Residential District in the city of Boynton Beach, with the purpose to implement the medium density residential future land use map classification of the comprehensive plan. Excerpts from zoning ordinances are in the Addenda. The intent of the district is to stabilize and protect existing residential neighborhoods with density no greater than 10 dwelling units per acre, and allow limited types of non-residential uses. Minimum lot area is 4,500 square feet per unit for a duplex; minimum lot frontage is 75 feet. However, there is a provision for a site with two lots platted prior to the enacting of the current zoning regulation to be improved with a duplex. Single family dwellings shall be constructed on lots that are no less than 6,000 square feet with a width of at least 60 feet and follow the building and site regulations of the "R-1", Single Family District. 25 APPRAISAL REPORT (continued) Site Description: Size and dimensions of the appraised land are from the sketch of survey included earlier in the report prepared by Avirom & Associates, Inc., dated May 4, 2020. The shape of the site is irregular. North boundary of the site is NE 5 Avenue. East boundary of the site is NE 1 Street. South boundary of the site is NE 4 Avenue. West boundary of the site is Seacrest Boulevard. Land size is 189,290 square feet or 4.346 acres. Utilities: All utilities are available to the site. Access: The site is accessible via NE 1 Street, NE 4 Avenue and NE 5 Avenue, each being two-laned local roads. Seacrest Boulevard is on the west side of the site, with four traffic lanes, sidewalks, curbs, and landscaped median. Easements: Easements are noted on the sketch of survey. Improvements: There are no structural improvements on the site which have a contributory value to the property. An old duplex is still on 145 NE 4 Avenue, but has no value to the property. Environmental Assessment: The appraisers were not provided with a Phase I Environmental Site Assessment to review. 26 APPRAISAL REPORT (continued) 2-2(a)(v) 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)(vi) 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 August 10, 2020. 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 terms of sale(e.g.,cash,cash equivalent,or other terms);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 as follows. 1. buyer and seller are tvpically 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. 27 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 & Light Co., v. Jennin,%,Ys, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vii) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: August 10, 2020 B) Date of the Report: August 10, 2020 2-2(a)(viii) 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 appraisers inspected 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 appraisers' plant. 2-2(a)(ix) Summarize the extent of any significant real property appraisal assistance; The two signatory appraisers are the only people involved in the appraisal process. 28 APPRAISAL REPORT (continued) 2-2(a)(x)(I) Summarize the appraisal methods and techniques employed; (2) State the reasons for excluding any of the valuation approaches; (3) Summarize the results of analyzing the subject sales, options and listings; (4) State the value opinion and conclusion (5) Summarize the information analyzed and the reasoning that supports the analyses, opinions, and conclusions For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. The information analyzed and the appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Cost Approach is not used because no structures were considered in the valuation. The Income Approach is not employed in this appraisal because most sites like the subject are purchased and not leased. Exclusion of these approaches to value still produces a creditable report. The value opinion and conclusion is stated at the end of the Sales Comparison Approach—Land Valuation. 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 of sale or options of the subject property as of the effective date of the appraisal. Boynton Beach Community Redevelopment Agency (BB CRA) is offering the entire property for sale by issuing an RFP (Request for Proposal). BB CRA has issued RFPs for this property in the past, obviously without an acceptable response which culminated in a sale. 29 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. Boynton Beach Community Redevelopment Agency acquired the 17 of the 18 parcels constituting the appraised property from April, 2007 to May, 2015 for a total of $3,101,500. When purchased some of these properties were improved with residences that were later demolished. The most recent acquisition for the assemblage was 145 NE 4 Avenue for $205,000. The property was improved with a duplex which was converted to a private community help center. In addition to the price being representative for the real estate, it also included funds for other expenses the seller would incur in moving from the property. 2-2(a)(xi) State the use of the real estate existing as of the effective date and use of the real estate 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)(xii) When an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant The land appraised consists of most of a block with roads bordering the four sides. Three properties are excluded from the block, giving an irregular shape to the parcel. Land size is 189,290 square feet or 4.346 acres. The parcel is level and filled to street grade. All utilities are available to the site. Physical constraint to develop the site is its size which governs the number of potential improvements which can be placed on it. 30 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. Current Land Use designation is medium density residential, maximum density of 9.58 dwelling units per acre. Zoning is "R-2", One- family and Two-family Residential District in the City of Boynton Beach. Maximum number of dwelling units per lot in "R-2" district is two if the lot size meets current code. There is another zoning provision permitting two dwellings to be constructed if there are two lots platted prior to the current code. The entire site may have the potential of being improved with 30-34 detached units or 38-45 attached unit. A third possibility is a mix of detached and attached units for a total of about 40 units. Boynton Beach officials make the decisions as to permitted density. The Boynton Beach CRA future land use plan for the appraised land and surrounding blocks is for High Density Residential of 11 dwelling units per acre. A change in the comprehensive plan is required for the implementation of a new land use. 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 immediate subject market area has been improved with single-family residences and small multi- family dwellings for almost 100 years. Residences come to the end of their economic lives, improvements are razed and the sites are redeveloped with modern structures. There are examples of this cycle throughout the subject market area. New redevelopment projects in the subject vicinity are 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. Habitat For Humanity will be constructing single family residences on NW 11 Avenue. Further, there are the new multi-family residential projects on Martin Luther King, Jr. Boulevard and Ocean Breeze East on Seacrest Boulevard. 31 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Although, the land appraised might be able to be improved with two dwelling unit structures, there are no new duplexes being constructed in the subject market area. The existing duplexes date back to the 1950s and 1960s, with small, functionally obsolete units. Single family homeownership is encouraged to build the community with permanent residents rather than populate it with transient occupants. As mentioned, community organizations are constructing single family homes and selling them to people who will reside there. Financial assistance to the buyers is facilitating this plan. Financially feasible use of the land under appraisement is to improve it with a unified project of approximately 40 dwelling units. The most probable buyer would be a regional investor in affordable housing who is capable of qualifying for financing for the project from the Florida Housing Finance Corporation. Time for development is now while the market area is in the life cycle stage of revitalization and the Boynton Beach CRA is in support of new proj ects. Maximally Productive as Vacant In summary, the Highest and Best Use of the property appraised is for a residential project of approximately 40 dwelling units. Such uses would be physically possible, probably legally permissible, financially feasible and maximally productive. 2-2(a)(xiii) 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)(xiv) Include a signed certification in accordance with Standards Rule 2-I See signed certification in report. 32 SALES COMPARISON APPROACH LAND VALUATION ~1 LAND SALE LOCATION MAP 7q Y a 1a.ce�#'# k1s . .Nlatth Paltu Bea€h l E LyL,ti � �I 710 SALE 2 i B1 w i QjPalm Beach SALE 1 iO4 ^' j Alli �j�2.f(f3 f}2!a�h �axahatchee 3 7 a a �L 451 SALE t 3 91 � 9 iZ l o SUBJEC 411 441 SO4 �m` _�'">� __..__�-�—.SO4 ntoH SCh SALE 3 3 1 i'( 91- I �➢ ( 9 ii r s , 0 _ Data use subject to license. mi 0 DeLorme DeLorme Street Atlas USAO2049. 0 1 2 3 4 5 uww..delorme.com MN(0.9-W) Data Zoom 1a-0 34 VACANT LAND SALE SALE NO. 1 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 31079,page 1168,Palm Beach County,FL GRANTOR FOP Jim Fogelman Lodge 450 Foundation Inc. GRANTEE Meritage Homes of Florida,Inc. DATE OF SALE December 6,2019 LOCATION 6288 Belvedere Road Unincorporated Palm Beach County,FL ZONING "RS",Residential Single Family Residence Rezoned to permit townhouses,paid for by the grantee DENSITY 10.35 dwelling units per acre SALE PRICE $1,900,000 PROPERTY DESCRIPTION Land size: 286,189 square feet, 6.57 acres UNITS OF COMPARISON $6.64 per square foot PARCEL CONTROL NO. 00 42 43 27 05 005 0032, 0033, 0036 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMATION Simon Lipton,real estate broker for grantee COMMENTS Grantor used the property for a meeting hall and grounds. The existing building did not have any contributory value to the sale price. It will be demolished and removed to make way for the new project of 68 townhouses called Catalina Townhomes. 35 CFN 20190449603 OR BK 31079 PG 1168 RECORDED 12/10/2019 09:20:08 Palm Beach County, Florida AMT 1,900,000.00 DEED DOC 13,300.00 THIS INSTRUMENT SHOULD Sharon R. Bock CLERK&COMPTROLLER BE RETURNED TO: Pgs 1168-1172; (5Pgs) ge Homes of Florida . Raintree Drive, Suite 300 S It, Arizona 85260 Atcm: Florida Regional Counsel 0 TAX P LID.NO.: 00-42-43 5-005-0032 00-42-43-2 005-0033 00-42-43-2 05-0036 WARRANTY DEED 0 THIS WA TY DEED, made and executed on December , 2019, by FOP JIM FOGLEMAN LOD #50 FOUNDATION INCORPORATED, a Florida not-for-profit corporation (hereinaft erred to as the `"Grantor"), whose address is 3175 S. Congress Avenue, #304, Palm S FL 33461, to MERITAGE HOMES OF FLORIDA, INC., a Florida corporation (here' P referred to as the "Grantee"), whose address is 5337 Millenia Lakes Blvd,Suite 235,Orl 32839. Wherever used hereinerm "grantor" and "grantee" include all the parties to this instrument and the heirs, legal tatives and assigns of individuals, and the successors and assigns of corporations, partners :-ncluding joint ventures, public bodies and quasi-public bodies) (., a WITNESSETH: THAT G114H11r and in consideration of the sum of TEN AND NO1100 DOLLARS ($10.00) and ofr d and valuable consideration, the receipt and sufficiency of which are hereby acknow ge , does hereby grant, bargain, sell,alienate, remise, release,convey, and transfer unto Grantee, all of that certain land lying and being in the County of Palm Beach County, State of Florida, to-wit: See Exhibit"A"attached hereto and made a part hereof by reference (hereinafter referred to as the"Property"). TOGETHER with all buildings, structures, and improvements thereon and all of the rights, privileges, appurtenances, hereditaments, easements, reversions, and remainders pertaining to or used in connection therewith, including, without limitation, all (i) development and concurrency rights and credits, impact fee credits, prepaid fees, air rights, water, water rights, water stock, water capacity, sewer, wastewater and re-use water rights, sewage treatment capacity, other utility capacity and rights, concurrency certificates, approvals, and permits relating thereto, (ii) strips and gores, streets, alleys, easements, rights-of-way, public ways, or other rights appurtenant, adjacent, or connected thereto, and (iii) minerals, oil, gas, and other hydrocarbon substances in,under, or that may be produced therefrom. 02656378.v l 36 CFN 20190449603 BOOK 31079 PAGE 1169 2OF5 TO HAVE AND TO HOLD the same in fee simple forever. FURTHER, Grantor hereby covenants with and warrants to Grantee that Grantor is ja y seized of the Property in fee simple; that Grantor has good, right and lawful authority to 1 convey the Property, and hereby fully warrants the title to the Property and will defend th gainst the claims of all persons whomsoever, and that the Property is free and clear of all a brances except: (i) taxes for the year of this instrument and thereafter; (ii) zoning and other regrictions, conditions, or requirements now or hereafter imposed by governmental autho ' d(iii)without re-imposing same,those matters appearing on Exhibit`B"attached an hereto this reference made a part hereof. INSS WHEREOF, Grantor has caused this Warranty Deed to be duly executed as of the day first above written. Signed, sealed ancgpvered FOP JIM FOGLEMAN LODGE#50 in our presence: FOUNDATION INCORPORATED,a Florida rA: V!-c--, rporation ge: ✓ N ��& sl re Itness Title: d,res rte" D rint signature of Second witness STATE OF COUNTY OF The foregoing instrument was acknowledged before me this day of Dazau4&r 2019, by Istfs &Oep , as Kasld ea+ of FOP JIM FOGLEMAN LODGE #50 FOUNDATION INCORPORATED, a Florida not-for-profit corporation,on behalf thereof. He/She [ ] is_ rsonally known to me,or [ ] produced as identification. :7jJOM GARWK Print ame: •V64sAic W 00WASSM r Coco = Notary Public-State of Florida at Large EXPM8 Apt 11.2421 Commission No.: My Commission Expires: [Affix Notary Seal] 2 02656378.v I 37 CFN 20190449603 BOOK 31079 PAGE 1170 3OF5 EXHIBIT"A"TO DEED LEGAL DESCRIPTION OF PROPERTY XAoonTract 3 in Block 5, according to the Map of Palm Beach Farms Company Plat No. the Office of the Clerk of the Circuit Court in recorded in Plat Book 2, Page 45 nclusive, Palm Beach County,Florida, more particularly described as follows: The feet of the East 397.67 feet of the North 326.84 of Tract 3, (LESS the East 132.3 And 0 Parcel 0 For a beginning %tartthe Southeast comer of Tract 3, Block 5, according to the Map of Palm Beach Farmslat No. 3,on file in the Office of the Cleric of the Circuit Court in recorded in Plat Bo45 through 54, inclusive, Palm Beach County, Florida, and run North along the Easof said Tract 3, a distance of 484.68 feet; thence West 135.2 feet to a point of beginn ° Thence run West 132.2 feet take;thence 352.54 feet North to approximately the center line of a canal; thence along said r line South 88° East, a distance of 132.4 feet; thence South 326.94 feet to point of beginnin And 0' Parcel 3 A parcel of land in Tract 3, Block 5, according to the Map of Palm Beach Farms Company Plat No. 3,on file in the Office of the Clerk of the Circuit Court in recorded in Plat Book 2, Page 45 through 54, inclusive,Palm Beach County, Florida,more particularly described as follows: From the Southwest corner of said Tract 3, thence East along the South line of said Tract a distance of 262.00 feet, more or less, to a point on the East line of the West 5 acres of said Tract 3, said point being the Point of Beginning of the parcel herein described; thence North parallel to the West line of said Tract 3, along the East line of the West 5 acres of said Tract 3, a distance of 484.68 feet; thence East parallel to the South line of said Tract 3, a distance of 262.33 feet to a point 135.2 feet West of the East line of Tract 3; thence North parallel to the west line of said Tract, a distance of 326.45 feet to the North line of said Tract 3, thence East along the North line of said Tract 3, a distance of 135.34 feet, to the Northeast corner of said Tract; thence South along the East line of said Tract 3, a distance of 805.00 feet, to the Southeast corner of said Tract 3; thence West along the South line of said Tract, a distance of 397.53 feet, to the Point of Beginning, Less and Except road right of way recorded May 17, 1990 in Official Record Book 6456, Page 197; recorded October 20, 1992 in Official Record Book 7441,Page 123 and recorded October 20, 1992 in Official Record 7441,Page 205. 3 02656378.v I 38 Eta, r it �, � ♦�i (} � ��* Z E > 00 , 0 �li`ii, M I it r � � 5 �M'` 16 R� r t a �nY „� � i +lrt ��?ti7 ar s� �, t, r 4 Fp}} t VACANT LAND SALE SALE NO. 2 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 30980,page 1103,Palm Beach County,FL GRANTOR Samuel Dosdourian et al GRANTEE The Children's Place at Home Safe,Inc. DATE OF SALE October 23,2019 LOCATION 5108-5162 North 47 Place West Palm Beach, FL ZONING "MF-14",Multi-family, 14 dwelling units per acre DENSITY 14 dwelling units per acre SALE PRICE $1,200,000 PROPERTY DESCRIPTION Land size: 161,860 square feet, 3.72 acres UNITS OF COMPARISON $7.41 per square foot PARCEL CONTROL NO. 74 42 43 11 01 015 0040, 003, 002 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMATION John Beall, listing real estate broker COMMENTS This property was purchased to construct a group home complex for children. Changes required for that use will be paid for by the grantee. Existing structures do not have a significant contributory value to the sale price. 40 CFN 20190392622 OR BK 30980 PG 1103 RECORDED 10/25/2019 09:08:33 Palm Beach County, Florida AMT 1,200,000.00 DEED DOC 8,400.00 This instrument prepared by. Sharon R. Bock Daniel J.Shepherd,Esquire CLERK&COMPTROLLER Daniel J.Shepbierd,PA Pgs 1103-1106; (4Pgs) 38"ums Road,Suite 101 Gardens,Florida 33410 74hum 19-842-06 Paber 74-42-43-11-01-015-0040 744-42-43-11-01-015-0030 074-0243-11-01-016-0020 Consid,era $1,200,000.00 0 —]Space Above This Line For Recording Purposes] ---- ---- 0 WARRANTY DEED T1HLS WARRANTYIZ made effective the 23rd day of October, 2019, by and between Samuel S. Dosdourian and .L. Dosdourian, husband and wife, Grantor, whose post office address is 404 Kelsey Park Beach Gardens, Florida 33410, and The Children's Place At Home Safe, Inc., a Floridafit corporation, Grantee, whose post office address is 2840 6th -Aven4e South,Lake Worth,F 4636 RiTNESSETH: That the Gran r and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other valuable coni whereof is hereby acknowledged, hereby grants, bargains,sells,aliens,remises,releases, n confirms unto the Grantee,all that certain land situate in PaAm]Beach County,Florida,to wit: See Exhibit "A" attached hereto; said lands situate, lying and being in Palm Beach. County,Florida_ SUPJECT TO restrictions,reservations,covenants,easements of record,without reimposing same, and taxes for the year 2019 and subsequent years. 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. page 1 41 CFN 20190392622 BOOK 30980 PAGE 1104 2OF4 tANDI the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said mple;that the Grantor has good right and lawful authority to sell and convey said land;that the by fully warrants the title to said land and-will defend the same against the lawful claims of all msoever; and that said land is free o€all encumbrances, except taxes accruing subsequent to 72018. . o 7&NESS WHEREOF,the Grantor has signed and sealed these presents the day and year first above wrxit Signed in the (Print or type names es) 2.......................................... signetyne-t^arnr Samuel S. osdour7ian Danie13 (Prioaed Name-I'Mitres) O r -(si(cU%_-2°"VH-b—) V, bnri4rle- e2 (PmnedNew-Y°Wkwa) n STATE OF FLORIDA COUNTY OF PALM BEACH I hereby certify that on this day before me,an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgements, personally appeared Samuel S. Dosdourian,to me well known and that he severally acknowledged executing the same in the presence of two subscribing witnesses freely and voluntarily and that he did not take an oath and is personally known to me;or has produced as identification to me. WITNESS my hand and official seal in the County and State last aforesaid this 2 day of Sepftmbaiae2,2019. r No blic My Commission Expires: DANiEU,SHEPHERD MY COMMISStQPi t GG 078224 `z EXPIPM March 13,MI MOW Thm W V Pue6c t3ndW~ 42 CFN 20190392622 BOOK 30980 PAGE 1105 3OF4 Si in the presence of _ P type names below fines) P 'cia L.Dosdourian ( toe Nam-►°w' ? (signature-Y°Wttness (Printed Name-2d Witness) Q STATE OF NEW YORKO COUNTY OF VV R,—, I hereby certify that on tlufore me,an officer duly authorized in the State aforesaid and in the County aforesaid to take ackno �ts,personally appeared Patricia L.Dosdonrian,to me well known and that she severally a Inn 1 executing the same in the presence of two subscribing witnesses freely and voluntarily and that d not take an oath and is personally known to m� has produced—V�i 9 a hS 1 i c e1>45.2 as identification to me. WITNESS my hand and official seal in the County and State last aforesaid this�day of "timber,2wafty�019� .. r�.StBIR �,_ �b Cation Exp WN in n �+ Notary Public . aw My Commission Expires Page 3 43 CFN 20190392622 BOOK 30980 PAGE 1106 4OF4 E)CMI T"A" LEGAL DESCRIPTION pp O Parcel 1v:�, The West fj.443 of the East 265.0 feet of the North half(N 112)'of Tract 15, Subdivision of Section 11, South, Range 42 East, Palm Beach County, Florida,as.recorded in Plat Book 20, Pag lic Records of Palm Beach County, Florida; said lands situate, lying and being in Palm Bounty,Florida- Parcel 2 lorida.Parcell D The East 132.5 feet ofhalf(N 112) of Tract 15, Subdivision of Section 11,Township 43 South, Range 42 East, P ° h County, Florida, as recorded in Plat Book 20,Page 53,Public Records of Palm Beach Co rida; said lands situate,lying and being in Palm Beach County, Florida: Parcel 3 Ob The West 244 feet of the North hal&21 f Tract 16, as shown on the plat of Subdivision of Section 11, Township 43 South, RanPalm Beach County,Florida, according to the plat thereof on file in the office of the Ciircuit Court in and for Palm Beach County,in Plat Book 20, Page 53, said lands situate, lying and being in Palm Beach County, Florida_ ?age 4 44 a� lir'�„�ti� k1'r •rill` �� '� �, ��+ �� i �1� gs�Srp"PH IIILIJ r k} r}l1 .. _ 1c �s �.. m wa s yy� Ua w y s N r, i r fir; s , s i i 77 VACANT LAND SALE SALE NO. 3 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 31431,page 1454,Palm Beach County,FL GRANTOR Andrew Podray GRANTEE Barwick 40 Delray LLC DATE OF SALE May 12, 2020 LOCATION 13038-13132 Barwick Road Delray Beach,FL ZONING "RH", Residential High Density Rezoned to"PRD-6",Planned Residential Development DENSITY 6 dwelling units per acre SALE PRICE $3,250,000 PROPERTY DESCRIPTION Land size: 290,545 square feet, 6.67 acres UNITS OF COMPARISON $11.19 per square foot PARCEL CONTROL NO. 00 42 46 12 00 000 1020, 1050, 1060 CONDITIONS OF SALE Financing provided by New Wave Loans Residential LLC in the amount of$2,400,000 at the market rate of interest. Arm's length transaction. CONFIRMATION John Csapo, listing real estate broker COMMENTS This property was purchased to construct 40 single family houses. The developer is Stellar Communities. Grantee paid for the property to be annexed into the city of Delray Beach and to change the zoning. In return, the property was purchased with a contingency contract until the changes assured. Name of the new project is Banyan Court. 46 CFN 20200169898 OR BK 31431 PG 1454 RECORDED 05/16/2020 12:48:59 Palm Beach County, Florida AMT 3,250,000.00 DEED DOC 22,750.00 Sharon R. Bock This instrument,prepared by CLERK&COMPTROLLER (and after recording return to): Pgs 1454-1457; (4Pgs) *F' ority Piazza,Fres. Title Company ongress Ave. Suite 104 BoyntonRj &ch, F133426 �W- Property A ser's Parcel Identification Number(s): 00-42-46-12- -1020; 00-42-46-12-00-000-1050 and 00-42-46-12-0 -01060 0 SPECIAL WARRANTY DEED 0 ANDRE ODRAY ("Grantor"), whose mailing address 800 North Road Boynton Beach, Fl. 33 consideration of ten dollars ($10.00) and other valuable considerations received fr WICK 40 DELRAY, LLC, a Florida limited liability company, ("Grantee"), whos address is 2800 W. State Road 84, #118 Fort Lauderdale, Fl. 33312, hereby grants and eys to Grantee the real property in Palm Beach County, Florida, described on the attache 'bit A, along with any rights, privileges, hereditaments, appurtenances,and easements rela such real property. This conveyance isto the matters described on Exhibit B, but this reference will not re-impose same. t **Grantor warrants that at the time of this conveyance, the subject property is not the Grantor's homestead within the meaning set forth in the constitution of the State of Florida, nor is it contiguous to or a part of the homestead property. Grantor's residence and homestead is 800 North Road,Boynton Beach,Fl 33435** Grantor hereby covenants and warrants that the property is free of all encumbrances except as otherwise expressly provided herein,that lawful seisin of and good right to convey the property are vested in Grantor, and that Grantor hereby fully warrants the title to the property and will defend the same against the lawful claims of all persons claiming by, through or under Grantor. DATED this_L2 rday of1-04r 0. [SIGNATURES ON FOLLOWING PAGE(S)] 47 CFN 20200169898 BOOK 31431 PAGE 1455 2OF4 Sign nce of 0 (print �� ANDREW V ODRAY 0 (print n e): STATE OF FLOREDA.V COUNTY OF PALM B The foregoing ' bras acknow ged before me by means of[ ] physical or [ ] online notarization, this day in the year of 2020, by Andrew V. Podray who [ ] personally known to me or [ ] h duc d a driver's license as identification. MY COANggglpN 0 GG M207 Bo FeatY2,2024 nm,Notary Pylic u „ Now/y"s Special Warranty Deed-Page 2 48 DoublerrmeO CFN 20200169898 BOOK 31431 PAGE 1456 3OF4 0 EXHIBIT A TO SPECIAL WARRANTY DEED Property Description 0 A parcel o lying in the West One-Quarter of the Northwest One-Quarter of the Northeast One-Quarter of Section 12,To p 46 South,Range 42 East,Palm Beach County,Florida,and being more particularly described as follows. Commencing at tquarter corner of Section 12, Township 46 South, Range 42 East, Palm Beach County, Florida; thence Sou 01*14'31" East along the West line of the Northwest one quarter of the Northeast one-quarter of said Section 12,a d4&of 90.08 feet;thence South 88°53'46"East,(Departing from said West line),a distance of 40.03 feet to a point o East right-of-way line of Barwick Road, said point also being the Point of Beginning; thence South 88.53146" E parting from said East right-of-way line),a distance of 297.47 feet to a point on the East line of the West on r of the Northwest one-quarter of the Northeast one-quarter of said Section 12; thence South 01009'33"E said East line,a distance of 979.89 Feet;thence North 89'22152" West,(Departing from said East line),a distan o 5.% feet to a point on the East right-of-way line of Barwick Road; thence North 01.14'31"West along said East way line,a distance of 982.45 feet to the Point of Beginning. �v Parcel Identification Numbers: 00-42-46-12-00-000-1020 00-42-46-12-00-000-1050 00-42-46-12-00-000-1060 49 BANYAN COURTS `n B,Mo�Paltll O<na oRRaAST acawneR 4 SflCMI 12 TOAUv M IDYR4 RMa u FAST, I 1 ® an v mar SFAaL wwr sfAa Burr.qaw s®�y �16OIIFIsf fNf wpAW N _ pAYa P.UALY."lf � I �tl taw fAV c T.ow aAon Raw.■Aa,ao - i ,�lIF7. mom Raga sTw-(!61}KF-ron � __� rw.m�' ii` sv""iwo� wii .^�awr �m��" amw'vas•w TABULAR DATA i m x wws v rat s.w ear rsa-a"-w.ssc"Barn¢s w.a YIXR.AEFS aWER Ao CaSSflIT. - `% .wac snsv mw[mT a,m sas m 9^"' - � ACCEPTA1LE 6 RESERVATWRS: MEW I Al s 2 1®1R1L nOQ SIIQT sms[mun.. •®�- -_. �._ c�fi----7 n.em��.s90��o n <w nd sue •m^ ss�m .. +wn P.4_Bt s.£___ -1e-.- oo�i sM�As"'•�n w`�i v�'��wo�^�, •`Mmi'a ows.o x on s uun sass rsm �"^aa we,a amsne u mt '^' RAS�' _�� ",�..3..�'N.'L�n.e,As �- �C ._.- 2 meq. a.oESs ry®L��t� mei�ie� UIaMOf�l�lwEODyG.E1�b1�T:� •. 'sw[�wswra¢tl�w rwms� vl we m aortae � mn�v__AL IIsL___.. .fin w noo• 4 YYlal•wsmUOUr➢I qI4 tl mu.s.o..r�nms p - oN i w�® REYWVM SUR,EIVRI STAG T-. �E "w p(nwaE. m o aro amc.wt.n uta aro Boron.Swr Aaa4oum)mWff: tlw.aqui b 2!L r.a s�"tea n nasi i s`®`iam�s.. .v.r i. A[wwv v x an s mruv �'m rs¢vn nw mrt¢ww®s n vs�iOMi�0�1. r Rs rrawzs. ��ryuA�{�aw�iwEwo��iwn�_s�o�^^rai W,iu'ro nv w� �pw a�i q .a w�u �/ �'•» 1 ®n ve y�� n x srot:.w smnf v w¢wco¢wt e.o�c m�a - �"• �'R�� tl�imw.s�•it;�s�c�pfp .w.•s.a f�Si m�[S o i �snsExs u«e •sOm n�� rE r�—mica a ?A- r, v "A Bots amt a vss r� •R `"�" 2s an A+rRwu� "n.n ww.,w. 43Ti a�.a 2-r ACKNOWLEDGEMENT, �Rj.�"." �ewo.GC�idasm � �►, 1 �L R 1 50 Ms RanuRw.ars wnnen n �p� OtM P.IJIOIfr,%S OOY.OM.�+iM10 MY 06f.NG6_ .�.. BANYAN COURT ow�s_nL.�as_yK,4,� mw.Parnat a•n[.apnrnsr ac-awrn a gcna ri m w S-K w u rm,. rsm angio Rma axR: arr a miur Enos PNY E�oa,Rrr,namr 91 �� earw Rnm..rwo. ixw-(swFMa-»a *lPill, _- .- -- - NORTH - 99 i' 44 _ CM' .aawiai y �]9 - g� UtzIx LAD Lam ----------------- y �. ---J----------------=—�==1=— saw .�...... as �� . 51 rAf■csf n aad M9FFFLR 9iC. BANYAN COURT <mana arrw Aw awAAEs WEER-nrW-wA,EYaaE E1R A HTlall Q IIE IQ.EtSI OE-0WlRR Of 9E:aa,fi laall9i b 9aflal aMa.Z 11[ASf, w_^ f'�" as goo auoa Awa snc foa En or naw aoG MR nolo{dSlds-pwla-nn I.=shm B 59 11 x qmw 9 or 3 lit , mwx�f M 4i // NORTH i 1 ;�� "� auwa�aauwo 9a - � awrfK scram L-7 9( F;� a..� ` fcafo�AE.xeAAnws F ;s3 ms,�..., &eI Ems' a 52 is Cl) LO Dons n" VACANT LAND SALE SALE NO. 4 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 29777,pages 534 and 538,Palm Beach Co,FL GRANTORS The Townhomes of Pineapple Ridge at Lake Worth LLC Barbara Boutros GRANTEE BDG Banyan Court LP DATE OF SALE April 3,2018 LOCATION 1716 North 3 Ave& 1737 North 4 Avenue Lake Worth,FL ZONING "MF-20",Multi-Family 20 dwelling units per acre DENSITY 17.35 units/acre for project on the site SALE PRICE $2,449,000 PROPERTY DESCRIPTION Land size: 213,244 square feet,4.90 acres UNITS OF COMPARISON $11.48 per square foot PARCEL CONTROL NO. 38 43 44 2102 033 0010, 0020, 0040 38 43 44 2102 033 0051 CONDITIONS OF SALE Cash sale. After the purchase, grantee secured tax-exempt construction funding through the Florida Housing Finance Corporation, Valley Bank and Palm Beach County. Arm's length transaction. CONFIRMATION John Csapo, listing real estate broker COMMENTS This property will be improved with 85 multi-family units, in a project called Banyan Court, an income controlled community. The property was in ready-to-build stage of development when purchased. 54 CFN 20180139020 OR BK 29777 PG 534 RECORDED 04/12/2018 11:03:59 Palm Beach County, Florida AMT 2,100,000.00 DEED DOC 14,700.00 Sharon R. Bock CLERK&COMPTROLLER This instrument prepared by: Pgs 0534-0537; (4Pgs) Lei s,Esq. Broa el LLP 390 N e Avenue Suite 1 Orlando, 101 0 PARCEL ID*1,8-43-44-21-02-033-0010 43-44-21-02-033-0020 43-44-21-02-033-0040 of� SPECIAL WARRANTY DEED 0 THIS SPECIA Y DEED, made and executed this-Yly of April, 2018, by THE TOWNHOMES OF P PLE RIDGE AT LAKE WORTH, LLC, a Florida limited liability company, whose address North Military Trail, Suite 355,Boca Raton,Florida 33431 ("Grantor") to BDG BANYAN CO a Florida limited partnership, whose mailing address is 501 N. Magnolia Avenue, Orlando, 2801("Grantee"). WITNESSETH: THAT Grantor, for and ineration of the sum of Ten Dollars ($10.00) and other valuable �; consideration,the receipt and adequac which is hereby acknowledged, hereby grants,bargains, sells, aliens, remises, releases, conveys an s unto Grantee, certain real property located in Palm Beach County, Florida ("Property") is more particularly described on Exhibit "A" attached hereto and by this reference made a part TOGETHER with all the easements, tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining; and TO HAVE AND TO HOLD,the same in fee simple forever. FURTHER, Grantor hereby covenants with said Grantee that Grantor is lawfully seized of the Property in fee simple;that Grantor has good,right and lawful authority to sell and convey the Property, and hereby warrants the title to the Property and will defend the same against the claims of all persons claiming by, through or under Grantor, but against none other; subject however to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record set forth in Exhibit B attached hereto,but this reference shall not operate to re-impose the same,together.with taxes and assessments for 2018 and subsequent years (if any) and all applicable governmental, zoning and land use regulations. 4814-4063-36953 365CM051 d&*wmgDD 55 CFN 20180139020 BOOK 29777 PAGE 535 2OF4 IN WITNESS WHEREOF, the Grantor has caused this Special Warranty Deed to be executed the da d year first above written. WI GRANTOR: THEAWNHOWS OF PINEAPPLE RIDGE AT LAKE 0 W TH,LLC, a Flori limited liability company Y: QA Witness a .AWe'ilraug,%lanager Print Name: ��i h Witnevs Print Name: 0 STATE OF FLORIDA COUNTY OF The foregoing instrument was ac edged before me thi3 day of April, 2018, by Paul H. Weintraub the Manager of THE TO OF PINEAPPLE RIDGE AT LAKE WORTH, LLC, a Florida limited liability company, on be .d company, He isQ(is personally known to me or(� produced as identification. HOLLY CALPIN W OOMM SS10N i R'125141 EXPIRES:Jule 2,2018 j &WW Thu Notary Pudic Unde=Um ww .. Print Name My Commission expires: Serial No.: (SEAL) 48144063.3695.3 3658200051 d&b=gDD 56 CFN 20180139020 BOOK 29777 PAGE 536 3OF4 EXHIBIT"A" LEGAL DESCRIPTION OF LAND �o Parcel 2: Lot 1,Block 3 WYER'S SUBDIVISION OF THE WEST HALF OF SECTION 21, TOWNSHIP 44 SOUTH, 43 EAST, according to the plat thereof,as recorded in Plat Book 5,Page 12, Public Records RA* Beach County,Florida,LESS that portion of subject property conveyed to the City of Lake Worth eds recorded in Deed Book 395, Page 408; Deed Book 400, Page 69; Official Records Book 2201, 1027 and Official Records Book 2223, Page 1884, Public Records of Palm Beach County, Florida. kPalmh Parcel 3: Lots 2 and 3, Block 33, SUBDIVISION OF THE WEST HALF OF SECTION 21, TOWNSHIP 44 SOUTH, EAST, according to the plat thereof, as recorded in Plat Book 5, Page 12, Public Records oCounty, Florida. Parcel 4: 01) Lot 4,Block 33, SAWYER'S SUBDIVOF THE WEST HALF OF SECTION 21,TOWNSHIP 44 SOUTH, RANGE 43 EAST, accordi a plat thereof, as recorded in Plat Book 5, Page 12, Public Records of Palm Beach County, 4814-4063.3695.3 36592MS 1 ddubmn DD 57 CFM 20180139021 OR BK 29777 PG 538 RECORDED 04/12/2018 11:03:59 Palm Beach County, Florida AMT 349,000.00 DEED DOC 2,443.00 Sharon R. Bock CLERK&COMPTROLLER Pgs 0538-0541; (4Pgs) This i jenl prepared by: Lei s,Esq. Broa set LLP 390 Nge Avenue Suite l� Orlando, 8010 PARCEL ID*38-43-44-21-02-033-0051 SPECIAL WARRANTY DEED THIS SP WARRANTY DEED, made and executed this 0 day of April, 2018, by BARBARA R. BIU-UOS, a single woman, whose address is P.O. Box 2012, Jupiter, Florida 33468- 2012 ("Grantor") toG BANYAN COURT LP, a Florida limited partnership, whose mailing address is 501 N. Magn* venue, Orlando, Florida 32801("Grantee"). � D WITNESSETH: 0 THAT Grantor, for nsideration of the sum of Ten Dollars ($10.00) and other valuable consideration, the receipt and e y of which is hereby acknowledged, hereby grants, bargains, sells, aliens, rcmises, release&, eve d cenfums unto Gmatee, certain real property located in Palm Beach County, Florida ("Prope 'ch is more particularly described on Exhibit "A" attached hereto and by this reference made a hereof TOGETHER with all the ats, tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining;+an ,,r�- TO HAVE AND TO HOLD,the fee simple forever. FURTHER, Grantor hereby covenants with said Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good, right and lawful authority to sell and convey the Property, and hereby warrants the title to the Property and will defend the same against the claims of all persons claiming by, through or under Grantor, but against none other; subject however to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record set forth in Exhibit B attached hereto, but this reference shall not operate to re-impose the same, together with taxes and assessments for 2018 and subsequent years (if any) and all applicable governmental, zoning and land ase regulatiow, THIS PROPERTY DESCRIBED HEREIN IS NOT THE HOMESTEAD OF THE GRANTOR NOR CONTIGUOUS THERETO AND HAS NEVER BEEN THE HOMESTEAD OF THE GRANTOR 4826-9735.6676.6 MUMS) 58 CFN 30180139031 BOOK 29777 PAGE 539 2OF4 ITNESS WHEREOF, the Grantor has caused this Special Warranty Deed to be executed th a d�year first above written. O WITN S: GRANTOR: Vi �o Witness Print Name: j[, xvi BARBARA R.BOUTROS Witness Print Name: iP4^ o c5t r k k- 0 STATE OF FLORIDA COUNTY OF 2 2, .�eee The foregoing instrument was owledged April, 2018, by before me this �✓ day of A P BARBARA R. BOUTROS. She is personally known to me or (, produced as identificad NOTA)tY PUBLIC,S6te of Florida Print Dame My Commission expires: 20 ZO Serial No.: Gfa ayelo/ (SEAL) eerc0man=M10*=tm EVRM November 1,2020 BMW Tbm N*ry PuDMc tMdenKAm //269735-66316 363VJWSI UNASSIGNED DD 59 CFN 20160139021' BOOK 29777 PAGE 540 3OF4 0 EXHIBIT"A" LEGAL DESCRIPTION OF LAND �o Lot 5, less the 125 feet thereof, Block 33, SAWYER'S SUBDIVISION OF THE WEST' 14ALF OF SECTION ,�pWNSHIP 44 SOUTH, RANGE 43 EAST, according to the plat thereof, as recorded in Pia �ok 5, Page 12, Public Records of Palm Beach County, Florida. 0 �Q 0 4ffi69T1S-66386 36582005)UNA381GN®DD 60 V• VSE, 9 1 � t 2 r} � S '��"t` $ �`k '�`i' `t'�k)'�ti 1�1�1V1}` iS�N t i t t�QF•,a '4} '�� _. 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Ol l600 N n N V > W W O O NO co O J F- N ON Q O O \ 7 O N Ln f0 a > 00 z v W J 0 Z W N V W a' 01 C co r O W _ y J 7 J y V a cc 0: W O. c� 2V W W W > > W C O N i V z o C c Q 0 Ljj CO Q � G u N N C m m m en V 3 m W yl a0+ V Vf —y O m f0 N i Z W N Z 0 O LU co E m y O a 000 = 00 N O W i-1 (U rJ L a CO 00 O Y N lc o L c14 W w v N Z Iz'll SALES COMPARISON APPROACH LAND VALUATION Of the several methods to develop an opinion of land value, the one considered the most reliable is the Sales Comparison Approach. In this method, sales of similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. 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 the most reliable sources, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis. 4) Compare and adjust the sales to the subject using significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a value opinion by this approach. Highest and best use for the appraised land is to improve it with a medium density residential project of about 10 units per acre. Land size of the subject 189,290 square feet or 4.34 acres; zoning is "R-2", One-family or Two-family Residential District. The subject market area is in the revitalization stage of its life cycle. A search was made to find recent sales of tracts of land purchased for medium density residential use. With a scarcity of such parcels and few of them selling,the search covered central Palm Beach County. Of the sales reviewed, the four that are more similar to the subject are included in this appraisal. Details of the transactions are on the sale sheets and chart. The unit of comparison used by buyers and sellers of residentially zoned land is the Sale Price per Square Foot of Land or Sale Price per Dwelling Unit. With the sales having various densities and the density for the land concerned not yet known, the better unit of comparison to use is Sale Price per Square Foot. The range of unit prices of the land sales is from $6.64 to $11.48 per square foot, before adjustment. 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 states that there are several 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. Adjustments for transactional elements are made, then, attention is focused on the second group,property elements. This second group of property elements consists of location,physical characteristics and use. (Continued) 63 SALES COMPARISON APPROACH (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,below, or above market rent. The interest valued for the subject property is fee simple. The land sales were all conveyances of fee simple interests without leases. No adjustment is necessary 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. The reverse is also a possibility in which lower sale prices result from above market financing. Sales 1, 2 and 4 were cash transactions, the most common method of purchasing vacant land. With third-party lenders readily making loans even on vacant land, the grantee of Nos. 3 took advantage of this situation and gave a mortgage to a loan company. Land to price ratio was 74%, requiring the borrower to have equity in the land. The financing terms reportedly did not have a significant effect on the price. Therefore,no adjustment is 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. None of the land sales are transactions by lenders after foreclosures of prior mortgages on the properties. Grantees of Sales 1, 3 and 4 purchased the properties to construct new housing on them; grantee of No. 2 will build The Children's Place at Home Safe on the site. Each of the parcels was purchased for a specific project,not speculation. Conditions of sale for the transactions cited in this report appear to be typical for the market they are in,with no adjustment necessary (Continued) 64 SALES COMPARISON APPROACH (Continued) 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. There is an upward trend in land unit prices in the subject market area due to scarcity of vacant parcels and the revitalization of the vicinity supported by the Boynton Beach Community Redevelopment Agency. The upward trend exceeds the annual inflation rate of 2%per year. Each of the land sales is adjusted upward 3% annually for market conditions to the effective date of appraisal. The amounts of the adjustments are shown on the chart. Adjustments for transactional elements of comparison were considered; now, property elements of comparison are addressed. 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, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, average daily traffic flow, etc. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. The appraised property and the land sales are in central Palm Beach County, with the subject being the eastern most. Although there are some differences in the specific locations, they are not significant enough to warrant adjustment to the sales 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, depth, topography,view, access, functional utility, degree of readiness for development, et cetera. The land sales have a size range of 3.72 to 6.67 acres,with the subject at 4.34 acres. There does not appear to be a direct relationship between parcel size and price per square foot. The more significant aspect of physical characteristics affecting price is stage of development of the site. The appraised land has zoning and land use in place which might permit a project of about 40 dwellings; however,no plans have been submitted for review. (Continued) 65 SALES COMPARISON APPROACH (Continued) Land Sales 1 and 2 were at the beginning of the development process. The grantee of No. 3 made the changes to the land for the proposed project to be approved; though,the grantor essentially held the land for the buyer until the approvals were secure. Land Sale 4 was sold in about ready-to-build condition. There is a continuum of stage of development from Land Sales 1 and 2 to Land Sales 3 and 4. The range in unit prices is about 40%. The latter two are more similar to the stage of the subject than the former two. Sales 1 and 2 are inferior to the subject and the other two sales, and are adjusted upward 30% each for stage of development. Sales 3 and 4 are superior to the other two sales and the subject, and are adjusted downward 10% each for this facet of physical characteristics. The amounts of the adjustments are shown on the chart. Use For sites to be comparable, they should have similar uses. The highest and best use for the property appraised and the sales is for medium density residential projects. No further adjustments are made for this element of comparison. FINAL VALUATION The adjusted unit prices for the sales are as follows: Sale No. Adjusted Price/ SF 1 $ 8.80 2 $ 9.88 3 $10.17 4 $11.06 The range of the adjusted sale prices is from $8.80 to $11.06 per square foot. Adjustments were made to the sales for market conditions and the physical characteristic of stage of development. Since adjustments have already been made, equal weight is placed on each of the adjusted unit prices. The unit value of the appraised property is $9.98 per square foot of land. The quantity of the comparable is sufficient to observe market activity in central Palm Beach County for parcels that will be improved with new medium density residential projects. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the property 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 August 10,2020 is: 189,290 square feet x$9.98/square foot= (rounded to) ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS $1,893,000 66 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 entire property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. I have appraised one of the parcels, 145 NE 4 Avenue, Boynton Beach, FL on April 1,2017,July 12,2018 and June 18,2019. 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 II 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 August 8, 2020. 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. August 10. 2020 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 August 10,2020 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 67 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. I. 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 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,unless excepted. 4. Legal descriptions and property dimensions have been f m-iished 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 cant'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 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 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 perform 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 August 10,2020 � GGl'oallolwm— Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 August 10,2020 68 ADDENDA E. R-2 Single and Two-family Residential District. 1. General. The purpose of the R-2 zoning district is to implement the medium density residential (MeDR) future land use map (FLUM)classification of the Comprehensive Plan. The intent of this conventional district is to stabilize and protect existing residential neighborhoods with densities no greater than ten(10)dwelling units per acre, and allowing limited types of non- residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3,Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-9). Existing and/or planned single-family homes shall conform to the R-1 district requirements; however, for duplex homes, the following lot and building requirements shall be observed: BUILDING/SITE REGULATIONS R-2 District Minimum lot area(per unit): 4,500 s.f.1 Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 25 feet2 Rear: 25 feet3 Interior side: 10 feet2 Corner side: 25 feet 2,3 Minimum living area: 750 s.f. Maximum lot coverage: 40% Maximum Floor Ratio Area (FAR) 0.104 Maximum structure height: 25 feet 1 Single-family dwellings shall be constructed on lots that are no less than six thousand(6,000)square feet. 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 6.11.below). 3 On corner lots,the side setback adjacent to the street shall be not less than one-half(1/2)the front yard setback. However,where orientation of adjacent lots on both street frontages provide typical front yard setbacks,the comer lot shall provide for front yard setbacks along both streets. when two(2)front yard setbacks are provided for on a corner lot,no rear yard setback shall be required,only side yard setbacks shall be imposed. 4 A floor area ratio(FAR)up to 0.10 maybe considered for non-residential uses allowed within the R-2 district (see "Use Matrix"—Chapter 3,Article IV, Section 3),pursuant to the medium density residential land use category of the Comprehensive Plan. 5 Not to exceed two(2)stories. 70 D. R-1 Single-family Residential District. 1. General. The purpose of the R-1 zoning district is to implement the moderate density residential (MoDR) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage single-family dwellings and structures at densities no greater than seven and one-half(7.5) dwelling units per acre, and allowing limited types of non-residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-8). The following lot and setback requirements shall be observed: BUILDING/SITE REGULATIONS R-1 District Minimum lot area: a 6,000 s.f. Minimum lot frontage: 60 feet Front: 25 feet Rear: 20 feet Special rear yard setback reduction for single-story building additions:I Abutting: I-95 or railroad tracks: 50% Abutting: Intracoastal: 50% Abutting: Lakes: 50% Abutting: Golf Course: 50% Abutting: Canals wider than 150 ft 50% Abutting: Canals narrower than 150 ft 33% Abutting: Perimeter walls of community that abut other than residential: Abutting: Commercial or Industrial 50% Abutting: Public or private park: 50% Interior side: 7.5 feet Comer side: 25 feet2 Minimum living area: 1,200 s.f. Maximum lot coverage: 50% Maximum structure height: 30 feet 71 ' 3 J O a x ++ d d d d z z z z to w w z z E U •• a Q YC to YC YC o O to O N [— to O y O c� O c v �1. O o O Q. M y 00 O m � U VI o kn I LL O O O �cc 0 mo `n U •� O OO o ffQ .. Imo . . ori, "' o O N o d �m a � � r-: z to z W ch U oO o 0 O d to O t d Q rx Q z �o 1:T z z U Qo o ttn z oo r- 1:T z O O o O O DD t Q �� i z 01 01 -- z I O O a0 r. Cd Q Qz "O c. Q. $.. c� O fy (� U U Cd p �' Q s .. bD O O Q C/1 tom~" O s. _ _._ U 3 .3u � GTr140. z z z z z z z z 00 w w w w z z z z z • � � d d d d d d d d w w w w z z z z z 00 z z z z z z z z M N N N N O z z z z z z z z U O / O O O O O M O O M N r- N N Fri N kn to kn kn M kn kn 44 O O N kn O by o 0 0 0 0 0 0 0 N N O O O O O <M O O N N v A4 0 0 0 0 0 0 0 0 M N -•� N N �n �n �n �n �n M �n �n Cd �. .-. OCd O V N 4 Cdto to L" o O .. C7 U U U w r� r� U rx U ---� EJ Sec. 11. Nonconforming Regulations. A. Lots and Parcels. 1. R-1 District, R-IA District, R-2 District, and R-3 District. A detached single-family dwelling may be constructed on any parcel located in an R-1, R-1 A, R-2, or R-3 district, provided that it meets all of the following requirements: a. The parcel contains at least one (1)whole platted lot,platted prior to August 7, 2001; b. The parcel, or assemblage of platted parcels which individually meet the requirements of paragraph a. above, has a frontage of not less than fifty (50) feet, and a lot area of not less than five thousand(5,000) square feet(irregular, other than rectangle-shaped lots with less than five thousand(5,000) square feet of area may be developed if in conformance with all other lot regulations); c. All such parcels, when developed, shall comply with all provisions of the Land Development Regulations and applicable building code regulations, including without limitation sections of the building code regulations regarding the impact of construction and drainage on or to adjacent properties. -- N 2. R-2 District. Within R-2 districts, in subdivisions platted prior to the effective date of these Regulations, where the platted lots have a frontage of at least forty (40) feet but less than fifty (50)feet,the following rules shall apply: a. A detached single-family dwelling may be constructed on any such parcel,provided that the parcel contains at least one (1)whole platted lot. b. A duplex dwelling may be constructed on any parcel,provided that it meets the following requirements: (1) The parcel contains at least two (2)whole platted lots; (2) Property cannot be acquired from adjacent parcels so as to make the subject parcel conforming, without causing the adjacent parcels to become nonconforming or more nonconforming. c. For any parcel, lot, or combination of lots, where the total frontage is equal or greater than one hundred twenty (120)feet, and the total area is greater than twelve thousand(12,000) square feet, said property shall not be developed except in accordance with the minimum frontage and lot area required in the R-2 zoning district. d. Ownership of parcels shall be determined by the property tax rolls on file in the Palm Beach County Property Appraiser's Office as of the effective date of these Regulations. 3. R-I AA District. A detached single-family dwelling may be constructed on any parcel located in an R-1 AA district,without requiring a variance,provided that it meets the following requirements: a. The parcel contains at least one (1)whole platted lot. b. The parcel has a frontage of not less than sixty (60) feet,and a lot area of not less than six thousand, seven hundred fifty (6,750) square feet in area. c. It would not be possible to acquire property from adjacent parcels so as to make the subject parcel conforming,without causing the adjacent parcels or structures thereon to become nonconforming or more nonconforming. For any parcel or lot, or combination of lots under the same ownership, where the total frontage and the total area is equal to or greater than that which is required by the R-IAA district building and site regulations, said property shall not be developed except in accordance with the minimum frontage and lot area required in the particular zoning district. Not more than one (1)parcel or lot, or combination of lots under the same ownership,that is nonconforming but which meets the requirements under b. above may be developed for a single- family house. 74 ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 1 of 3 Sec. 2. Standards. A. General. 1. Rules and Methodology. a. Parking space requirements shall be computed on the basis of the principal use of a structure or lot, and using gross floor area unless stated otherwise in this article. Gross floor area, for the purposes of this subsection, shall include the floor area occupied by the principal use,plus the floor area occupied by all other enclosed spaces, including but not limited to storage rooms,maintenance and mechanical rooms, offices, lounges, restrooms, lobbies, basements, mezzanines, and hallways. b. Where several principal uses exist in one (1) structure or on one (1) lot,parking space requirements shall be computed separately for each principal use,unless stated otherwise in this article. Where parking spaces are required in this article for each of several principal uses that commonly occur together,this is done for the purpose of clarification only, and shall not limit the application of the requirement contained in this paragraph. c. A use shall be considered a principal use, for the purposes of this subsection, if it could exist separately from all other uses in the same structure or on the same lot, and would by itself generate significant parking demand. d. Where several principal uses exist in one (1)building or part of a building, and the floor area of each principal use cannot be clearly delineated,the parking space requirement for the use requiring the greatest number of parking spaces shall apply. e. Where a use is not listed below, parking space requirements shall be determined by the City Commission after review and recommendation by the Director of Planning and Zoning or designee. f. Where the number of required parking spaces as computed includes a fraction,the number of required parking spaces shall be the computed number rounded to the next highest whole number. g. Except as provided in Section 3.E. below,there shall be provided, at the time of the erection of any structure or establishment of any use, a number of off-street parking spaces in accordance with the following minimum requirements,and subject to the parking requirements of this subsection. Where a structure or use is enlarged or increased in capacity by any means, including a change in building occupancy which requires the provision of additional parking spaces, or a change in use to or which requires additional parking spaces,the minimum number of parking spaces shall be computed by applying these requirements to the entire structure or use. 2. Minimum Number of Required Off-Street Spaces for Non-Residential Uses. No fewer than four(4)parking spaces shall be provided for any non-residential use. 3. Location of Off-Street Parking Areas. a. Residential. Required parking spaces for all dwellings shall be located on the same lot as the dwelling to be served. b. Non-residential. Required parking spaces for all non-residential uses shall be owned by the owner of the building or lot to be served,and shall be located on the same lot, or not more than three hundred(300) feet distance,unless the property is located within those areas defined within the adaptive re-use section of the Code (Chapter 4, Article 5, Section 4). In those areas, required parking spaces may be leased within three hundred(300) feet of the use in which they serve, subject to Board and City Commission approval,and the property shall be posted with signage indicating to patrons the location of the leased parking. B. Table 4-17. Residential and Lodging Uses. Residential and Lodging Uses Standard Number of Required Parking Spaces 75 h4://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 2 of 3 Building area size is based upon gross floor area(in square feet)unless specifically expressed otherwise. Single-family,duplex dwelling,or mobile home: 21 Efficiency or one (1)-bedroom apartment: 1.5 1,2 Within mixed use high district: 1.332 Two (2) or more bedroom apartment: 21,2 Within mixed use high district: 1.661'2 Dormitories: 1 per unit Hotel&motel units containing one (1)-bedroom: 1.25 per unit Within mixed use high district: 1 per unit Hotel& motel suite containing two (2) or more 2 per unit bedrooms: Within mixed use high district: 1 per unit Group home(types 1 through 4): 1 per 3 beds Bed&breakfast: 13 Live/work unit: 1 per 2 units4 1 Residential driveways shall satisfy the parking space requirements for single-family detached dwelling units, duplexes, and multi-family dwelling units containing garages,provided such driveways are of sufficient size to meet the parking space requirements of this subsection. A residential driveway of sufficient size shall be provided prior to the issuance of a certificate of occupancy. For all required parking spaces not located within an enclosed garage, the first parking space shall be the minimum size required for a handicap space, exclusive of public or private rights-of-way, and all other required spaces must be dimensioned in accordance with current city standards. All driveways shall be setback at least two (2) feet from interior side and corner side property lines, and maintained and drained so as to prevent nuisance conditions or a danger to the public and/or adjacent property owners. Any expansion to an existing driveway shall require a zoning permit from the Planning and Zoning Division in accordance with the procedures specified in Chapter 2,Article II, Section S.B.; however, any driveway expansion(or similar impervious surface)that is equal to or greater than eight hundred(800) square feet shall require the approval of a land development permit in accordance with Chapter 2, Article III, Section 3. Any work, such as a driveway,proposed within the swale (right-of-way) shall require a permit from the Engineering Division in accordance with the procedures specified in Chapter 2, Article III, Section 4. 2 Guest parking shall be provided at a rate of 0.15 spaces per unit for residential developments consisting of three (3)or more dwelling units. 3 Required parking shall be calculated on the basis of one (1) space per each employee, manager, or owner and one (1)parking space for each guest unit. Newly created parking may be located only in the rear and side yard. 76 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 3 of 3 4 In addition to the required parking for the residential unit,the city requires that one (1) parking space per two (2) live/work units be provided to meet business activity needs. Parking provided to meet this requirement shall be located on the lot,built into or under the structure, or within three hundred (300) feet of the unit in which the use is located. The distance shall be a straight line measurement from a point on the boundary line of the property of the subject unit to the closest boundary line of the property on which the parking is located. Parking provided to accommodate said space, including driveways of adequate depth in front of the unit's garage, shall not serve as meeting required parking for the unit's residential use. 77 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... 1/8/2015 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting In reporting the results ofa 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 substantive content ofa 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 a 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 RULE 2-2 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. An appraiser may use any other label in addition to, but not in place of, the labels set forth in this Standards Rule for the type of report produced. The use of additional labels such as analysis, consultation, evaluation, study, or valuation does not exempt an appraiser from adherence to USPAP. The report content and level of information requirements in this Standards Rule are minimal for each type of report.An appraiser must supplement a report form, when necessary, to insure that any intended user of the appraisal is not misled and that the report complies with the applicable content requirements. (a) The content of an appraisal report must be appropriate for the intended use or the appraisal and, at a minimum: (i) state the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client's request but is retained in the appraiser's workfile; (ii) state the identity ofany other intended users by name or type; (iii) state the intended use of the appraisal; (iv) contain information, documents, and/or exhibits sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (v) state the real property interest appraised; (vi) state the type and definition of value and cite the source of the definition; (vii) state the effective date of the appraisal and the date of the report; (viii)summarize the scope of work used to develop the appraisal; ()x) summarize the extent of any significant real property appraisal assistance; 78 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting (x) provide sufficient information to indicate that the appraiser complied with the requirements of STANDARD I by: (1) summarizing the appraisal methods and techniques employed; (2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed; (3) summarizing the results of analyzing the subject sales, options, and listings in accordance with Standards Rule 1-5; (4) stating the value opinion(s) and conclusions(s); and (S) summarizing the information analyzed and the reasoning that supports the analyses opinions, and conclusions, including reconciliation of the data and approaches; (xi) state the use of th real estate existing as of the effective date and the use of the real estate reflected in the appraisal; (xii) when an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; (xiii) clearly and conspicuously: • state all extraordinary assumptions and hypothetical conditions, and • state that their use might have affected the assignment results, and (xiv)include a signed certification in accordance with Standards Rule 2-1. STANDARDS R ULE 1-5 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; b) analyze all sales of the subject property that occurred within the three(3) years prior to the effective date of the appraisal. 79 475.611 Florida Statutes: Definitions.- (1) As used in this part, the term: (a) "Appraisal"or"Appraisal Services" means the services provided by certified and 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 95,11(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. 80 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 perform 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 perform 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. 81 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) 82 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(200 1) 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) 83 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 Book"Unifonn 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) SEMINAR(AI) - 3 Hours "Airport Appraisals) (01/25/2019) SEMINAR(AI) - 4 Hours"Understanding an Investigation by a State Appraiser Regulatory Board or Agency(5/17/2019) SEMINAR(AI) - The 50%FEMA Appraisal Rule(8/23/2019) COURSE (BR) - 14 Hours Required Education(8 hrs.Specialty Education;3 hrs.Core Law,3 hrs.Business Ethics(9.3.2019) SEMINAR(AI) - Artificial Intelligence,AVMs,and Blockchain:Implications for Valuation. (1/24/2020) 84 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 24,2001. 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 85 I of 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:vanceval(a,att.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 perform 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 C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)PROFESSIONAL DEVELOPMENT PROGRAM REGISTRIES Valuation of Sustainable Buildings: Cormnercial Valuation of Sustainable Buildings: Residential E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. F)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, 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 Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 86 2 of G)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 Farm 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 Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney Hl EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: 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) -Powerhnes/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) 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) 3 of4 H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) -Mediation&Alternate Dispute Resolution Seminar(200 1) 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 Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Workfile(2013) 88 4 of H)EDUCATIONAL BACKGROUND(Continued) 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) SEMINAR(Al) -Technology Tips for Real Estate Appraisers(2018) SEMINAR(Al) -Residential&Comnnercial Valuation of Solar&passed exam(2018) SEMINAR(Al) -Airport Appraisals(2019) SEMINAR(Al) -Practical Applications in Appraising Green Commercial Properties&passed exam(2019) D 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 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) 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 89 r vi i u J U O cn � U ,{ y t ' u � U i t Q = � U , LL RP co t Ht � m O Ln uj Ln (V Ol Z n6 4 Ln " Q l0 Ol Ln r (.D Ln o Ln m m r _0 � cu O cuo co p m m cc ch 0�.0 ch i m H J � m m " LL v S W (6J LL Y 0 LL i O C i co c C LL O IC,A�. 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O O > > O0 O U O 4 + 0- U 4-j cB m U cn '-' O pA Ln 4- cn � 4- U N C C C p Ln j � QU? cB CaA p O >U C� vii OU E -1-� ZF �p cn •O O � ° mQ? Ln O_ U -11 0 " c c -2 O pA O co > > 4-11U4-11 O U O O v m -0 cB O O +� 4-11 u ° °'; _ .0 U E N N 4-11 U Q j U O O m tib. ZF -� 4-11 L Lr) 0)0) 4A cn m w O + O 0) c _0 > UO O' "— Lr) ti- ° -0 O u -0cB v u N E E +� o 4-11 0 mLn 4-11 0 ° a) N .� o E p 4-11 Ln co O L L ;co 0i Ln c co >p a1 c0 O cB i w w O_ � L- I— +-+ U 0 4-+ a� �- U +-+ • • • • FOX PIDGE CAPITAL Proposal Boynton Beach Community Redevelopment Agency Cottage District Infill Housing Redevelopment Project Location: N. Seacrest Blvd. between N.E. 4th Avenue and N.E. 5th Avenue Boynton Beach, Florida October 23, 2020 1 October 23,2020 Via Hand-Delivery Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 100 E. Ocean Ave. Boynton Beach, Florida 33435 Dear Mr.Simon and City of Boynton Beach CRA Board Members: Developer formally submits the attached proposal for the City of Boynton Beach's consideration in support of the Cottage District Infill Housing Redevelopment Project. Our proposal is to construct up to 65 dwellings in the Heart of Boynton area of the City.The project will consist of at least 45,3-bedroom townhomes(the"Project"). The proposal is consistent the strategic plan and goals of the 2016 Boynton Beach Community Redevelopment Plan which seek to expand the supply of affordable and workforce housing within the City. Workforce housing units forming part of the Project will provide needed housing inventory to critical employees(100%-140%of Palm Beach County Area Medium Income) within the Boynton Beach market, including: (i) hospitality service workers; (ii) teachers (median annual salary: $46,000); police officers (avg. base annual salary: $53,715); (iv) firefighters (avg. annual salary: $54,9430; (iv) registered nurses (avg. annual salary: $56,925); and (v) recent college graduates (avg. starting salary: $50,004). We look forward to your favorable consideration of this request and the City and CRA's approval of the same. Sincerely, 1:17 Grant Horwitz Principal 2 Background The BBCRA owns approximately 4.2 acres of vacant property located between N.E. 4th and N.E. 5th Avenue and Seacrest and N.E. 1st Street. The Cottage District Infill Housing Redevelopment Project site lies within the BBCRA Heart of Boynton District boundaries and is identified in 2016 Boynton Beach Community Redevelopment Plan as a priority residential or mixed-use redevelopment site. Our Proposal We are excited to present our preliminary plans to redevelop the Cottage District with 45-65 new for sale work force housing townhomes designed in the Key West cottage architectural style.We hope you will agree that our proposal follows the guidelines proposed in this plan and supports the overall redevelopment of the Heart of Boynton community and surrounding area by increasing home ownership opportunities for low- and moderate-income households(80-140%AMI). In addition to these new workforce housing units,the plan will also call for ample green space on the southwest portion of the parcel (N. Seacreast Blvd. and 4th Ave)for the future development of a park as well as a secondary green space on the eastern portion of the lot that can be incorporated into a publicly accessible neighborhood pocket park. New Home Sale Market The Boynton Beach residential real estate market lacks new housing stock. As a result, comparable sales data are not readily available. Based on conversations with Boynton Beach-based real estate professionals, most new home price expectations are in the range of$250,000-$290,000 with townhomes trading on the mid-to-lower end of the spectrum.The consensus being that market rate pricing will be within the workforce housing pricing limits(80-140% AMI). Construction Costs on the Rise Mandated shutdowns due to SARS-COVID 19 have led to supply chain disruptions in the housing materials and construction supply market, which has resulted in costs increases of more than 11% in the last 3 months. The resulting uncertainty in both cost appreciation and the home sales valuations further strengthens our belief that this project should be a true partnership between the BBCRA and the Developer. CRA Partnership In order to make this project financially feasible, we are respectfully requesting land conveyance, infrastructure assistance and home sale participation with the Boynton Beach Community Redevelopment Agency.Such assistance shall be largely consistent with the redevelopment of the Model Block on Southwest 111h Street. For each residence to remain affordable for approved buyers(target sales price not to exceed 2020 work force housing pricing guidelines or $308,490), the project will require the following contributions on behalf of the developer, to the best of the Boynton Beach CRA's(BBCRA)ability: • Provide infrastructure improvements materially compliant with the requirements outlined in Section 10 of the Cottage District Infill Housing Redevelopment Project RFP.Such improvements shall include but not be limited to installation and connectivity of water, sewer and drainage lines, electric feeds from street to pads, streetlights, border fencing, sidewalks and roadways. Additionally, the BBCRA will assist in the creation of legal descriptions for the to be parceled development pads. • Support and assist with obtaining Palm Beach County/City of Boynton Beach impact fees, City of Boynton Beach Utility Cap fees, City of Boynton Beach permit fees,and/or any other applicable fee credits,waivers or mitigation. • In conjunction with the City, the BBCRA will act in partnership in pursuing any and all required permits or approvals in an expedited manner. • BBCRA will guarantee a minimum home purchase price,with BBCRA profit participation above developers cost of capital. • Requests on behalf of the potential Buyers,to the best of the BBCRA's ability: • Approve incentives to enhance home ownership opportunities,such as but not limited to,second mortgage subsidies, and/or assistance with County and State grant or funding applications. In addition to the assistance, BBCRA will use best efforts to provide all financing options to potential buyers. 3 • Assist with marketing efforts to ensure that City employees are aware of the Developer's plans. If agreeable, Developer will work with the City and the BBCRA to ensure that City and/or County employees have an exclusive window to purchase a unit on a first come basis. Timing Presales shall begin as soon as practically possible after execution of final agreement between Developer and BBCRA. We anticipate the initial model homes to be delivered within 6 months of completion of infrastructure.Subsequent home deliveries will occur based on buyer demand,anticipated to be over the following 12-24 months. Sales and Marketing We have partnered with a Boynton Beach real estate brokerage firm to facilitate the sales and marketing of these homes. 2020 Low Income(60% Moderate-1 Income Moderate-2 Income Middle Income -80%AMI) (80%- 100%AMI) (100%- 120%AMI) (120%- 140% AMI) Household $47,460-$63,280 $63,280-$79,100 $79,100-$94,920 $94,920- Range $110,740 Sales Price $166,110 $213,570 $261,030 $308,490 Minimum Buyer 2.5% 3.5% 3.5% 3.5% Contribution% Maximum $44,849 $42,714 $39,154 $30,849 Subsidy Assistance PALM BEACH COUNTY WORKFORCE HOUSING PROGRAM(WHP)2020 Purchase and Sales Price Chart Based on a review of historical home sales data in the area, our real estate partner has indicated that our town homes should sell between $260,000 and$300,000.This sales price range is broad due to the limited availability of comparable sales. We estimate that 10% of the project will be pre-sold at a price point in the 100%-120%AMI (Moderate 2 Income) tier. Upon delivery of those units, all remaining units will be sold at the 120%-140%AMI (Middle Income)tier. We project that approximately 10%of inventory will be absorbed monthly,with completed sellout in the first 12 months. Pre-sales will begin upon commencement of infrastructure work and will target municipal employees,police officers, firefighters,teachers and registered nurses. Upon completion of site preparation and infrastructure,the first homes will be delivered to the site within 90 days and will be completed and delivered to the homeowner within 180 days. As indicated in our projections,the average sales price for these townhomes must be$275,000 for the CRA to avoid offering buyer subsidies, however we are confident that on average this price threshold will be attainable. Our lending partner will ensure all potential subsidies are available to qualified buyers and the entire project will be sold out and completed within 24 months. 4 Proposed Site Plan r i FIFTH AVENUE r i s 16Y 15' 1dj 17 12 id J4 ®( 9 � "✓� Z y� - �1 18, 18 �9 2t 21 23 1A 75 2B �7 18 ��J h 7, �.CA ... W U a WY I as 43 4 4Z 41m C 4 Uj f B) CA, � 31` ',€ftrt�'��a, ,A;WHITNEY LAKE(W/CARPORT)16 UNITS BOYNTON COTTAGE DISTRICT-SITE PLAN B% /. TOWNHOUSE(GARRGE UNDERNEATH)_28 UNITS BBCRA and Developer shall work in partnership to optimize a site plan that meets the requirements of the RFP while maximizing returns to the community.The above site plan is a conceptual rendering of one of many options to be considered. 5 Townhome Design Will 11 If It t t, t Suggested townhome plans consist of a 3-bedroom,2 1/2-bathroom 1,354 square foot home.Additional models can be designed to suit BBCRA and/or market demands. - t rr Y ............. i .. - Cid C'Ji-xa .s-t{7 CD 7 I L -�x r IST FLOOR PLAN 2ND FLOOR PLAN 2,719 TOTAL SO.FT. 1,354 SQ.FT. 1,354 PER UNIT SQ.FT. 6 - �' � IR 'I!(,i��`'� ' �,li�f�{}� { rpop.arty! V`t}1r r t 4(n z , 1 Sample interiors. r , t. o,r e f 8e8 i§[i[§I , C: 3 m. Similar townhouse models recently constructed in the Keys. 7 Single Family Home Design I"ER W.DFIWM „` ® wxwwwxww ua F3i � E - 4 12-V 11V `r'Y x Eat 1474 Sq.Fd.NaffMGDAed 1475 Sq.Ft Uftder Rod While townhomes will maximize density,single-family homes may also be considered as part of the final site plan.The above 3-bedroom,2 bath home feature a covered porch,stainless steel appliances and stone counter tops. Home Specifications Interior and exterior finishes will be appropriate for this application,featuring quartz or stone counter tops,stainless steel appliances,the latest in durable wood finish vinyl planking,James Hardie cement board siding,and galvalume standing seam metal roofs. Factory-Built Construction All of our homes will be ordered from, and substantially constructed at, a factory that builds dozens of homes per month in the State of Florida. The fabricator is a leading manufacturer of high-performance structures for single- family or multi-family residences, hospitality,and commercial structures such as offices, hotels,apartments,etc. Factory-built homes are built in a controlled environment,therefore none of the materials used in the construction process have been exposed to the weather.They are built using precise and efficient construction technology. Our homes are built to the same building codes as traditional site-built construction. In fact,the homes are HVHZ rated (High Velocity Hurricane Zones, part of the Florida building code)and comply with the strict Dade County 180MPH+ hurricane codes. Plans(NOA's)are approved by the State and are delivered substantially ready for local permitting. Some standard features include: + R-19 Fiberglass insulation in the floor and walls, R-30 in the roof +A complete HVAC system including condenser, insulated duct system,and insulated boots and registers +Comfort height low flow toilets with elongated bowls + Pex water lines +Air infiltration wrap on all exterior walls +7/16"OSB sheathing applied to each exterior wall contributes to the strength and rigidity of the homes + Impact windows +30-year Architectural Shingles or Standing Seam Metal + Roof pitches from 3/12 to 12/12 with 5/12 as our standard +One-piece fiberglass tub/shower or ceramic tile surrounds and custom showers available as an option +8'standard ceiling height with optional 9'and 10'heights +Covered Porches 8 Team Grant Horwitz is the Managing Principal of Fox Ridge Capital. Mr. Horwitz has 20 years of experience in acquisition, financing,transaction structuring and asset management of commercial real estate. He has acquired and financed over $1.5 billion in real estate transactions throughout the United States. His experience includes the acquisition and repositioning of office buildings, shopping centers and multifamily properties, as well as the successful disposition of these assets. Prior to forming Fox Ridge Capital, Mr. Horwitz was a Director for Rialto Capital Management's Commercial Property Group Fund III, a $750 million discretionary investment fund. His responsibilities included identifying acquisition opportunities, overseeing both financial analysis and due diligence process, negotiation all agreements,and preparation of and implementation of asset management. Prior to Rialto, he was Chief Operating Officer of KW Property Management and Consulting,where he spearheaded operations and oversaw the expansion of the company to more than 300 properties under management and was responsible for 900 employees. Prior to KW Property Management, Mr. Horwitz was Vice President and Director of Commercial Real Estate for The Trump Group, a private equity platform focused on commercial acquisition, development and asset management. He began his real estate career as a Senior Analyst at Stiles Corporation after experience working in New York City for Morgan Stanley and Solomon Brothers. Mr. Horwitz received his MBA with concentrations in Real Estate and Finance as well as a Bachelor of Science degree in Finance from the University of Florida. Alex Stancioff is a seasoned business builder, serial entrepreneur and real estate developer and investor. He is currently developing a 40+ unit work force housing project in Miami's Coconut Grove. In 2010 Alex co-founded Mobile Promotions Network, a marketing automation platform and SugarShack Animation, a digital animation studio. In 2003,he co-founded Click Forward Marketing, LLC,a search engine technology company which he sold to Yellow Book USA where it generated over$250 million in sales within 3 years. Alex was also part of the acquisition team that built two Fortune 500 companies in Ft Lauderdale:AutoNation and Republic Services. In just over 3 years he successfully acquired over 50 companies that generated in excess of$300 million dollars of annualized revenue. Alex is a founding board member of MUSACK, a 501c3 charitable organization that donates guitars and musical instruments to underprivileged young people across the US and in Haiti, Cuba and Australia. Alex has an MBA with honors from Georgetown University. Geoff Harris,CEO of ME Land Surveying,has been in the real estate industry for more than 2 decades. Geoff led the sales and marketing team to grow First Financial Surveyors to become the largest mortgage survey business in the state of Florida in 2000. Since 2000 Geoff has owned and operated ME Land Surveying Inc., one of the largest surveying businesses in Florida. Geoff's commitment to community development began in 2003 when he successfully developed a 44-unit work force housing project in Hialeah. His expertise in complex land planning and development brings value to his projects including his current focus, a 40+ unit work force housing infill project in Miami's Coconut Grove. Born and raised in South Florida, Geoff graduated from Indiana University in 1995 with a BS in Biology. Robert Gallagher is the Founder of Gallagher/AP, and former Vice-President of Interior Design at Oppenheim Architecture+ Design. He has over twenty years of experience in the fields of architecture and Interior Design and has worked with some of the biggest names in the industry. He is a licensed Architect in the State of Florida,State of New York,and is N.C.A.R.B.certified. His work includes numerous Polo Ralph Lauren and Barneys New York stores throughout the United States. For six years, Robert led the Interior Design team at Oppenheim through numerous large-scale multi-use projects including Ten Museum Park(Miami, FL),Clinique La Prairie Vitality Center(Miami, FL), and the Marco Island Marriott Vacation Club (Marco Island, FL). Prior to joining the firm, he devoted much of his time to the Phillips Arena (Atlanta, GA), Westin Hotel Times Square (New York, NY), Golden Moon Casino (Pearl River, MS) and the Four Seasons Hotel (Caracas,Venezuela). Robert has both a Bachelor and master's degree from Tulane University — School of Architecture. He obtained an additional master's in building design at Columbia University 9 APPENDIX 1- Boynton Beach residential sales comparable sales data. Boynton Beach housing market narrative: • All new construction in this immediate area has been single family homes. Most have one or more garage. • There are some small 1,323-1,370 sq ft, no garage, homes with small 3746-3990 sq ft lots. • One closed at$257,000.The others are pending with lower asking prices of$249,900-$252,900. • Homes have relatively low days on market due to low inventory & low interest rates. Longest days on market were the higher priced homes with larger sq ft. Only one home has sold over $300k. One Sold $375,000 with 2 others pending with 1,800-2,126 sq ft. • New construction with east location makes these homes desirable. Redevelopment of commercial space is recognizable improvement labeling this as an up and coming area. The location of your proposed development is in an area that may appear to have some challenges. Meanwhile the single spec homes are selling in the same area.A planned development should offer some more assurance to the buyers that the area is being redeveloped.There will be less objection from a buyer knowing they will not be the only new home for the area. • Since we are looking at income restrictions to get the financing/grant initiatives. I would think small homes with no garage&one car garage is a good plan for the area. Redevelopment Downtown Boynton Beach New Construction(plus 2015+) Residential Listing detail 16 Properties *Linda Barratt Cervantes PA Regional Manager/Broker United Realty Group 561-313-4975 Lindabarrattpa@gmail.com MLS# Status Address Price Type List Sold Sold Date SgFt-Total Baths Garage Water Private Days Terms of Lot Subdivision Year City Price Price Living Beds -Spaces Pool On Sale SgFt Built Total Market 1 RX-10578096 Closed 511 NW $255,00(SF 259900;255,000 12130/20191 1,250 3 2 1 No No 6 FHA 5,090 CHERRY 2019 BoynU j 11th HILLS Beact Avenue j 2 RX-10597652 Closed 553 NW $262,00(SF 2599001262,000 05/05/2020 1,250 3 2 1 No No 5 FHA 5,197 CHERRY 2020 BoynU 12th I HILLS Beact Avenue 3 RX-10609429 Closed 505 NW $265,00(SF 264,9001265,000 07/14/2020 1,250 3 2 1 No No 23 Convention 5,089 CHERRY 2020 BoynU 10th HILLS Beact Avenue :i 4 RX-10617613 Closed 521 NW $262,00(SF 264,900°..262,000 07/22/2020 1,250 3 2 1 No No 25 Convention 5,090 CHERRY 2020 Boynb 11th HILLS Beact Avenue 5 RX-10614050 Closed 324 NE $257,001 SF 269,0001257,000 05/15/2020]1,323 3 2 0 No No 25 FHA 3,746 HAPPY 2019 BoynU 12thIII HOME Beact Avenue HEIGHTS i 6 RX-10585017 Contingent C 219 NE $249,90(SF 249,900'.. 1,370 3 2 0 No No 52 3,990 HAPPY 2019 BoynU 12 HOME Beact Avenue HEIGHTS j 7 RX-10619259 Contingent 215 NE $252,90(SF 252,9001 1,370 3 2 0 No No 61 3,990 HAPPY 2019 BoynU 12th HOME Beact Avenue HEIGHTS j 8 FX-10215672 Closed 140 SW $318,000SF 324899,318,000 06/08/2020 1,455 3 2 2 No No 84 Convention 6,508 Boynton 2015 BoynU 1st Heights Add Beact Avenue :j 9 RX-10662911 Active New 128 NW $289,90(SF 289,9001 1,525 3 2 1 No No 5 6,750 LANEHARTS 2020 BoynU Listing 11th Beact Avenue s 10 RX-10556829 Closed 109 NW $260,001 SF 275,0001260,000 10/15/2019 1,576 4 2 1 No No 2 Other 8,088 OCEAN 2013 BoynU 6th BREEZE Beact Avenue WEST 11 RX-10607784 Closed 112 SE $299,00(SF 299900'299,000 04/28/2020'1,650 4 2 1 No No 9 Convention 6,204 Bowers Park 2013 BoynU 2nd Beact Avenue i 12 RX-10633743 Closed 438 SW $375,00(SF 375,0001375,000 08/21/2020 1,800 4 2 1 No No 32 FHA 6,858 BELLAMY 2019 Boynb 9th HEIGHTS Beact j Avenue . BOYNTON j 13 AX-10818636 Pending 962 NW $428,40(SF 428,400'.. 1,911 3 2 2 No No 217 9,068 Monarca 2020 BoynU 9th Beact Avenue :j 14 RX-10662942 Active New 136 NW $299,90(SF 299,9001 2,005 3 2 2 No No 5 LANEHARTS 2020 BoynU Listing 11 SUBDIVISION Beacl- Avenue REPLAT NO 15 RX-10642561 Pending 142 SE $395,00(SF 395,000 2,126 3 2.1 2 No No 16 11,427 CENTRAL2016 BoynU 14th PARK ANNEX Beact Avenue j 16 AX-10790328 Pending 124 NE $285,00(SF 285,000 3 2 1 No No 51 7,502 MEEKSADD 2019 Boynb 11 TO Beact Avenue BOYNTON Inf-ion's deemed Iv be rel eble,buts not guaranteed. 2020 MLS and FBS.Prepered by L'nde 13-tt Cervantes PA,CDPE on Wednesday,October 14,2020 7'.29 PM. 10 APPENDIX 2—Financial projections The following construction budget assumes City infrastructure and site preparation work is substantially complete by September 2021. Home pre-sales would begin in early 2021. The cash flow model indicates a break even at a $275,000 purchase price, well within the AMI limits for Palm Beach County workforce housing home sales. This sales price is the threshold above which the CRA would not be required to subsidize home sales. Model assumes all land and infrastructure costs are borne by the CRA. 0 - i 0 ®" - Base Price $153,180 Transport $8,500 Set Crew/Install $9,500 Architect/PE-State Plan Approval $3,500 Site Architect& Permitting $1,250 Foundation $7,500 Finish Work and MEP Connect $16,720 Contractor Fee $7,500 Landscape $5,000 Subtotal $212,650 Program Soft Costs $25,690 Const Financing Costs $2,301 Developer Fee(16%) $35,578 TOTAL $63,569 Land & Infrastructure $2,000,000 Home Construction Costs $11,712,400 Soft Costs $1,438,644 Developer Fee $1,992,362 Const Financing Costs $128,873 Total $17,272,279 11 Appendices ATTACHMENT®ACKNOWLEDGMENT LETTER PROPOSER(S)SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE Boynton Beach Community Redevelopment Agency Request for Proposal/Request for Qualifications(RFP/RFQ)dated August 23, 2020 Cottage District Project 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 Project, dated August 23,2020. Can behalf of proposer identified below and 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 met and all required documents are enclosed, We further certify that all information presented in this proposal,and all of the information furnished in support of the proposal,is true and complete to the best of our knowledge and belief,and we are aware of the fact that making false statements or presenting false information that results in an Agreement may be penalized to the maximum extent allowed by law. Sincerely, r Name of Proposer AJ sJ l '�r�'��•• t T-1, Print Fume and Title rt��' IL Le, Authorized Signature l Z/ Date 13 ATTACHMENT-DISCLOSURE AND AUTHORIZATION TO PERFORM CREDIT CHECK An authorization to Perform Credit Check will need to be completed by each Principal/Owner. For Principal/Owner: (Please use a separate form for each principal/owner) As Principal/Owner of Proposer, Ifols ?—dr" 6?tv-a,, (name)hereby affirm I have read the above disclosure, and consent to and authorize the Boynton Beach Community Redevelopment Agency's("BBCRA") investigation into my credit worthiness.Such consent and authorization is given with respect to any and all persons who may conduct an investigation of my credit worthiness on behalf of the Bl3CRA,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.,and I may request a copy of any information provided to the BBCRA as part of the BBCRA's investigation into my credit worthiness. I grant 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, I hereby waive any and all claims, past present or future,which I may have against the BBCRA by reason of any credit investigation made pursuant to my consent and authorization herein given to the BBCRA. Proposer Name: rw�c. 1,10r, CAP i-110— - - Principal/Owner Name:A;�,? ,&� N a i-1 I VU Date of Birth: Current Home Address: Previous Home Address: Email: Phone Signatur Date: Print Name: 14 ATTACHMENT-AUTHORIZATION TO PERFORM CREDIT CHECK For Proposer(Business Entity): 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. Proposer(Business) Name(D/B/A if ap ficable): Cwc (W Current Business Address: (Jl3qLrc' TJ 71 hL M — Federal Tax I D# State of Incorporation: Phone Fax#: Authorized Signat Date: Print Name: Title.�e: L, 15 ATTACHMENT-AUTHORIZATION FOR RELEASE OF INFORMATION To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character,or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of oynton Beach any information in your possession regarding the business identified as "proposer" below. By: I , W6 ST T CO STATE OF F ORIDA I OF C -11M " THE FOREGOING INSTRUMENT was acknowledged before me thisday of who is personally known to me or who has respectively produced as identification and did not take an oath. Print Name:Commission No. G G cl 2- My Commission Expires:�0—�0-?-21 Name:Cy-rl I�L� jju�� Home Address: 1 S, Home Telephone Number: Business Telephone Number: Fax Number: <L Date of Birth: Professional License Number.Pro oser Busines Name: Notary Publi (Seal) .......... A R), -MV comn,EyOres GG 921867 OF 11111111004, 16 ATTACHMENT-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 following the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that Proposer has not been placed on the convicted vendor list within the past 36 months and complies fully with the above requirements. a� f? i M - Vu%e Propose me Authorized Signature Print Name elzi 4/cy'-A k� Title / V1 il, Date 17 ATTACHMENT-CERTIFICATION 0F DRUG FREE WORKPLACE PROGRAM |certify that, the Proposer responding tuthis RFP/RFQ'maintains a drug-free workplace program,and that the following conditions are met: (1) Proposer publishes astatement notifying employees that the unlawful mmnufactune,distribution,dispensing, possession,or use of a controlled substance is prohibited in the workplace;and specifying the actions that will be taken against employees for violations o[such programs. (2)Proposer informs employees about the dangers of drug abuse in the workplace,the company's policy of maintaining 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) Proposur gives each employee engaged in providing the commodities or contractual services included in this RFP acopy nfthe statement specified inSubsection(I). (4) |nthe statement specified in Subsection (1), Proposer notifies the employee that,as a condition of working in the commodities or contractual services covered under this RFPYRFQ� he/she will abide by the terms of the statement; and will notify the employer(Proposer)of any conviction of,or plea of guilty ornolo contemderetoany violation of Chapter 893 or any controlled substance law of the United States or any state,for a violation occurring inthe workplace nolater than five(S)days after such conviction. (5) Proposer imposes a sanction on,or requires 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) Proposer makes a good faith eff ort to continue to maintain a drug-free workplace through implementation of this Section Z87.O87' Florida Statutes. As hauthorized h certify h |iesfuOywith the above requirements. Authorized Si ate/ Name&T|t]e p,,°° ' No. 1No.2No� 3No.4No.S Naw�aNmm'�'«.�� o��~Nn ��/«��No Date ^v Date '` 1A Date ' ~ Date it Date LA 18 ATTACHMENT-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 Projite YES By entering shacking gr NO in the space provided and indicating date received, RFP/RFQ INFORMATION WAS OBTAINED FROM: BBCRA ebsi Newspaper Ad V Authorized Signature 0A,t r- Print Name Title Date City Hall Other, please specify- 19 ATTACHMENT-CERTIFICATION OF NON-SCRUTINIZED COMPANY 'Fl--A -111.L LA 0 )(" C as Proposer,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 BBCRA determines that this certification is falsified or contains false statements,or that Proposer is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the submittal of the Proposal or the execution of any agreement arising out of this RFP/RFO,the BBCRA may disqualify the Proposal and/or 4terinat he agreement, Proposer Name Authorized ReprJsentative of Proposer Date: c� I I r,,. 1 STATE OF COUNTY OF SWORN TO and subscribed before me this jEj day of ()Cj0j2jAr 20by Gmnk- kA, Ocru-)%±-z— Such person(Notary Public must check applicable box): is personally kwn to me[%�Kproduced their current driver license [] produced 7 as identification. (N PUB I AL) ota y P blit (Printed,Type or Stamped Nam of Notary Public) 3 M EA OTA69p% �Z4 1. .*MyComm.&V 10,2023 No.GG 921857 do % OF 0-00%% 1406#16000 20 L L 0 B ,A , ' October 22, 2020 Mr. Grant Horwitz Fox Ridge Capital, LLC. 2800 Ponce De Leon Blvd. Suite 1125 Coral Gables, Florida 33134 RE: Proposed construction loan for the Boynton Cottage District Infill Housing Redevelopment Project, located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1st Street, Boynton Beach, Florida. Project will be developed into 56 townhome residences. Dear Mr. Horwitz: Pursuant to our conversation, Apollo Bank (the "Bank", "Lender" or "AB") is pleased to outline herein below,the general terms and conditions under which it is prepared to consider this loan request. This is not a commitment letter, but only an expression of interest. Borrower: Fox Ridge Capital, LLC. (the"Borrower"). Maturity: Twenty (24) months with one 6-month extension option. Amount:. $6,500,000 shall be a Construction Loan (the "Construction Loan"). Purpose: Funds shall be used to finance the development of 56 townhome units in 28 duplex buildings. All 28 duplex building will be identical, and the 56 townhomes will have 1,544 gross square feet and 1,355 adjusted square feet. Interest Rate: Wall Street Journal Prime Rate plus 1..25%. Interest rate shall be floating during the term of the loan. Loan shall have a floor interest rate of 4.50%. Commitment Fee: One percent (1.01) of the loan commitment amount at origination of the loan. Commitment fee shall be due and payable at time of the execution of the commitment letter. Should Borrower exercise the extension option, Borrower will pay one-quarter of one percent(0.25%)fee of the loan commitment amount. 1 [ P �_ ge Cottage Vistrict Infill Housing Redevelopment Pr ec Terms: Interest only during construction, principal reductions upon closing ofindividual units with third party buyers. Balloon payment of principal balance plus accrued interest and fees due at maturity. Extension option is subject to a 0.2596 extension fee, loan is in compliance with all terms and conditions, and a minimum of 40 units having closed with end buyers. Collateral: 1" Mortgage and Security interest on the 28 homesites housing the 56 townhome units within Cottage District Infill Housing Redevelopment Project which is located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1s1 Street, Boynton Beach, Florida. Guarantors: Loan shall be unconditionally guaranteed by all members having e IO% or greater ownership interest iothe Borrowing entity. Prepayment Penalty: Not applicable, Conditions: Subject to: 1. Borrowerto maintain with Apollo Bankduringthe entire term of the loan all accounts including but not limited to the Project construction account plus all operating, payroll, and reserve accounts. 2. Borrower to uhuvv proof Vfequity spent to date. In the event the 8nnovver has not met the equity requirement for the Project as shown in the Exhibit"A" Project Budget under the Total Direct Project Costs. Borrower to open an Equity Disbursement account atApollo Bank to deposit all equity amounts required by the Loan but not spent to date.Said account shall be controlled by the Bank and any amounts released for construction shall be transferred to Borrower's operating account at Apollo Bank. 3. Loan shall besubject toamaximum Xoam-tu- ustof5Q.O96urannaxirnuro45.O96|oan to value of the"Upon Completion Value". Appraisal shall be engaged by the bank and reviewed bythe bank's designated review appraiser,atBorrower's expense,and shall befound acceptable tothe Bank. 4. The Construction Loan shall be [7mg of credit that will provide funds for the construction of the 56 tom/nhonne units in 28 duplex buildings under certain terms and conditions. Construction loan will not have more than 2 model units and Z speculative units. All other units under construction must be a sold unit ("So|d"). A Sold unit shall be a Unit which is under contract with a third party arm's length buyer, subject to no contingencies other than financing contingencies and minimum deposits as applicable to the type of financing obtained by the buyer such as FHA,VA, etcetera and mortgage approval by a qualified Lender which approval shall include credit, income and liquidity approval. If contract is a cash contract, minimum deposit shall be2O96. 5. Funding from the Construction Loan issubject tu Lender receiving, a\ an appraisal, which shall be engaged byLender and prepared 6vLender's approved appraiser, at Borrower's Cost; b) building permit; c) if a sold unit, copy of the contract with all amendments and proof of deposits as applicable and mortgage approval if subject to financing. 21Pagya Cottage District Infill Housing Redevelopment Pr9ject 6 Closing of the loan is subject to a Plan and Cost Review for the site and for the construction ofthe buildings, prepared bvLender's engineer and approved byBank. Borrower shall provide Lender with all contracts or proposals from its General Contractor or major subcontractors, full set of approved construction plans, soil test and environmental reports for the Plan and Cost Review. 7. Unit Releases shall beprovided at100V6of the net sales proceeds however never less than the minimum release equal to15OY6ofthe unit funding projected at$118,071. 8. Apollo Bank will order at Borrower's expense* an Environmental Phase | report by a bank's approved Environmental Engineer. Phase| report shall bereviewed and found acceptable tothe bank. 9. On a monthly basis, Borrower to provide o sales report detailing all the active contracts, date of contract, buyer marnm, model, unit sq. ft, contract amount, initial deposit,and total deposit tudate and any other information asrequested bvLender. 10. The Loan will include an Interest Reserve Line Item from which Lender, at its own discretion, will withdraw on a monthly basis to pay interest incurred for said month. 11. All zoning, and platting shall beinplace prior toclosing. 12. If a third-party General Contractor is used Borrower shall provide sufficient background information, references and bonding information for Bank's review and approval. 13. Disbursement of the loan funds shall be based on Borrower submitted monthly draw requests on AIA form(s)with applicable invoices and lien releases. Draw requests shall beonce per calendar month with eminimum of $5,OOQper request. Loan funding shall be limited to one per month and shall be subject totitle updates, satisfactory Bank's engineer inspection and Bank approval. Borrower bears the cost of the monthly inspection and title update. All change orders, if any, shall be reported b Borrower and must be approved by Bank prior to implementation. All change orders shall be paid by Borrower. Lender reserves the right to order a monthly inspection,at borrower's expense,even if a draw request has not been submitted. 14. Prior to closing Borrower shall provide Lender with evidence of Hazard, Liability, Wind, Flood (as applicable) insurance on the Property,asapplicable. Insurance policy form must be Builders Risk with limit to cover replacement coat. Liability and vvVrknnen'o compensation insurance to be provided by General Contractor as applicable. Liability insurance must be $1 million per occurrence and must include Prod ucts/[onmp|eted Operations coverage and protective liability covering all subcontractors that do not carry liability insurance. Proof of Workman's Compensation coverage of $100,000 minimum. Apollo Bank |SAOA/4TIM4 to be named asMortgagee/Loss Payee. 15. At closing, and in addition to the execution of Loan Agreement, Borrower shall furnish Bank with assignments of plans, and buildings permits and assignments of contracts with all professionals ofrecord including the General Contractor, Architect and Engineer. Borrower to provide copy of all contracts executed between Borrower and professionals nfrecord, asavailable and applicable. 16. Other terms and conditions typical of this type of transactions according to Apollo Bank's lending policy. 3 1 Pa 17. Separate communications will be issued with adetailed list ofitems needed to underwrite the loan. Borrower to provide the Bank with all necessary financial information esthe bank deems necessary toevaluate this loan request. 18. 8Vrnnvver shall pay all cost, expenses, and fees (including, without limitation, recording and bank's attorney's fees,etc.) associated with this transaction,appraisal, environmental, plan and cost and inspections fees. 19. Transaction must comply with Apollo Bank's BSA policy. 20. For all Hard costs Borrower will provide a detailed budget on AIA form. This budget will be approved by the Bank. Nochanges or reallocations tothe budget are allowed during the loan period.Any requested changes will need to be approved by the Bank and will incur a minimum re-allocation urchange fee of$250.00 per request.This fee lsper request and does not ensure approval ofthe change orreallocation. This is a non-bindingTerm Sheet clescribingthe basicterms and conditions underwhich Apollo Bank would consider entering into a credit relationship with Borrower. The preceding terms and conditions are not exhaustive, and this credit facility is subject to additional certain terms, conditions and covenants customaril y required by Apollo Bank for similar transactions. This Term Sheet is subject to further due diligence and Board of Director approval by Apollo Bank. No commitmeritto lend will be binding on Apollo Bank mn|axs set forth in writing and executed by an authorized officer ofApollo Bank, and accepted in writing by the Borrower. This Term Sheet is not assignable and has been delivered to you on a confidential basis with the expressed understanding that neither it,nor its substance,will be disclosed,except to those who maintain a confidential relationship with you, or where such disclosure is required by law. If you would like Apollo Bank to proceed with the approval based on the above-mentioned terms, please execute this term sheet within five (5) days of the date of this letter and provide a deposit in escrow of $30,000.08. This fee shall be deemed earned and retained by the Bank if the Borrower does not dose upon the bank issuing a commitment based on the above-mentioned terms. If the loan closes the fee will be applied towards the commitment fee and third-party reports costs not previously covered by Borrower. |fthe bank isunable tu provide commitment letter,this fee will be returned tothe borrower, t of any fees paid for third party ne ortsand/or Lender's attorneys. Sincerely yours, Eugene S. 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N 0 0 � co LU Q 4� 0 �a 2u w o zN O ' p 4 00 °' Z + WQ Q � Cl- LU _ 4- U � am � ® 0 �1v) V) � UJ Lo W oz ~ J '4 cn .3 OZ + u - W � LU -u F- < - J Z 0- t6 W � � m � O z � � o _, _ � F— O � M 0 w U M + V OF— u LU w z J QLL V w V, ® U ® Z � > � uc z -0 E Ly o H O (n o z O w N , � O J -i� (1) < O w . cn0� yr > ® 4� Cm3 :DQ O E w N = 2 Q) 4-J > U LU C N 0 Lo c cac Lo u :D CO As % `t! TkMIINVu 01 ' r' 1i�)li1l1i5r��r„hr� t 7 >�Q girt fa"k �i �y flr�'�y r a )�� r i'. 1 i ... �� V � 410, a t j E R) `jd � i CZ �a U ATTACHMENT"C' DISCLOSURE AND AUTHORIZATION TO PERFORM CREDIT CHECK }" s An authorization to Perform Credit Check will need to be completed by each Principal/Owner. For Principal 10mmer. (Please use a separate form for each rn iprWilowner) As Principal/Owner of Proposer, 1 Franck Gotsman (name) hereby affirm I have read the above disclosure, and consent to and authorize the Boynton Beach Community Redevelopment Agency's("BBCRA')investigation into my credit worthiness.Such consent and authorization is given with respect to any and all persons who may conduct an investigation of my 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.,and I may request a copy of any information provided to the BBCRA as part of the BBCRA's investigation into my credit worthiness. I grant 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. I herebywaive any and all claims,past present or future,which 1 may have against the BBCRA by reason of any credit investigation made pursuant to my consent and authorization herein given to the BBCRA. Proposer Name: Azur Equities Principal/Owner Name: Franck Gotsman Date of Birth: Nov 8th, 1972 Current Home Address: 19707 Turnberry Way Aventura, Florida 33180 Previous Home Address: Email: otsman@aol.comPhone#: 305-984-9535 Signature-_ Date: Oct 21st, 2020 Print Name- "ra Gotsman v „ Page 30 of 36 0 yr c d� T cz C: cz U i CZ �a , ATTACHMENT"H" r AUTHORIZATION To PERFURM CREDIT CHEC For Proposer(Business EntIW: The proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's("BBCRA")investigation into the creditworthiness 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. Proposer(Business)Name(D/B/A if applicable): 74 iE4LC Current Business Address: F757 JVE JI/ SYYe_eJL &Oo . v 0 331 KO Federal Tax ID# J/71-41 1'14_ State of Incorporation: FtokIiDr9 Phone#: ' Authorized Signature: Date: Oct 21 St 2020 Print Name: F kOt rl Title:r�i9riS . O per# 0 0 0 * Pa a 31 of 36 v ares.sem a g 0 yr c T cz C: cz U i CZ �a ATTACHMENT"I" AUTHORIZATION FOR RELEASE OF INFORMATION y��vS To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character,or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any ' formation in your possession regarding the business identified as"proposer' e By: 4r a STATE OF FLORIDA '' COUNTY OF PALM BEACH THE FOREGOING INSTRUMENT was acknowledged b ore me this 1 b'r day of 2020,by 7i-d..nCk �Sfnag W or who has respectively produced as identification and did not take an oath. r Notary Public. �saYq Kari Croft Curtis Print Name: 3- C cS �° NOTARY PUBLIC Commission No: (Seal) �? m ` STATE OF FLORIDA Com#GG914A52 My Commission Expires: 4 -QE Expires 9/912023 Name: yS Home Address: QAY — 333 Home Telephone Number: Business Telephone Number: -7(oE Fax Number: Date of Birth: °" 6`f ® Professional License Number: - a Proposer(Business)Name: -e t L— v arsau?i Page 32 of 36 0 cn c a) T cz C: cz U i CZ �a ATTACHMENT"I" AUTHORIZATION FOR RELEASE OF INFORMATION y��vS To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character,or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any ipformation in your possession regarding the business identified as"proposer" el BY: --. STATE OF FLORIDA COUNTY OF PALM BEACH THE OR GOING INSTRUMENT was ackn v edged before me this da of Ther 2020,bya12GK 5 Eao „ cY► who is personally known to me or who has respectively produced as identification and did not take an as Notary Publi F py 'S Kari Crap Curtis Print Name: d 1 17r'S A >�`'NOTARY PUBLIC Commission No. 67-44111 [Seal) f 1;STATE Of FLORIDA CammN GG911452 My Commission Expires: o�'-� Baa,® Expires 91912023 Name: OtS Home Address: Home Telephone Number: 3a304 Business Telephone Number: r 16 Fax Number: - - v`c, Date of Birth: -A —y— F. ' - 0 0 Professional License Number: - 0 a Proposer(Business)Name: '^ 0 Page 32 of 36 J r� V i CZ �a ATTACHMENT c PUBLIC 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 orservices to a public entity;submita 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 297.017,Florida Statutes,for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list. As the person authorized to sign the Statement,I certify that proposer has not been placed on the convicted vendor list within the past 36 months and complies fully with the above requirements. Azur Equities Pry r oriz Signature Franck Gotsman Print Name Managing Partner Title Oct 21 st, 2020 Date yr O 0 O d O Page uio�sssa�A Pa a 33 of36 _v 0 yr c O T cz C: cz U i CZ �a , ATTACHMENT"W' CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM I certify that Azur Equities_ the proposer responding to this RFP/RFQ maintains a drug-free workplace program,and that the following conditions are met: (1) Proposer publishes a statement notifying employees that the unlawful manufacture, distribution,dispensing, possession,or use of a controlled substance is prohibited in the workplace;and specifying the actions that will be taken against employees for violations of such programs. (2) Proposer informs 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) Proposer gives each employee engaged in providing the commodities or contractual services included in this RFP a copy of the statement specified in Subsection(1). (4) In the statement specified in Subsection (1),proposer notifies the employee that,as a condition of working in the commodities or contractual services covered under this RFP/RFQ he/she will abide by the terms of the statement; and will notify the employer (Proposer) 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 days after such conviction. (5)Proposer imposes a sanction on,or requires 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) Proposer makes a good faith effort to continue to maintain a drug-free workplace through implementation of this Section 287.087,Florida Statutes. As the person authorized to sign the statement,I certify that proposer complies fully with the above requirements. p Authorized Signature: Date OCt 21St, 2020 0 °p ped) ra k Gotsman, Managing PartnerName&Tide(ty L) Page 34 of 36 ® mP34738SE dP7 cz cz U i Cz �a ATTACHMENT"l." r 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 Infill Housing Redevelopment Project By entering checking YES or NO in the space provided and indicating date received. No.1 Yes ❑ No Date Oct 17th, 2020 No.2❑X Yes ❑ No Date Oct 17th, 2020 No.3© Yes ❑ No Date Oct 17th, 2020 No.4❑X Yes ❑ No Date Oct 17th, 2020 No.5X❑ Yes ❑ No Date Oct 17th, 2020 RFP/RFQ INFORMATION WAS OBTAINED FROM: ❑X BBCRA Website ❑ Newspaper Ad ❑ City Hall ❑ Other,please specify: A orize ignature Franck Gotsman Print Name Managing Partner Title o Oct 21 st 2020 0 Date _v ara�sa Page 35 of 36 0 yr c d� T cz C: cz U i cz �a ATTACHMENT"M" CERTIFICATION OF NON-SCRUTINIZED COMPANY y��vS AZur EguitleS . as Proposer, 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 BBCRA determines that this certification is falsified or contains false statements,or that proposer is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the submittal of the Proposal or the execution of any agreement arising out of this RFP/RFQ the BBCRA may disqualify the Proposal and/or terminate the agreement. Azur Equities Proposer Name By: Franck Gotsman Authorized Representative of Proposer Date: Oct 21 st, 2020 STATE OF -P 210'4 COUNTYOF MIAMI- ,DAC) SWORN TO and subscribed before me this AL day of _ iQ62j?gC 20 by > Gtijarr, _—. Such person(Notary Public must check applicable box): [Wis personally known to me [ ] produced their current driver license [ ] produced as identification. (NOTARY PUBLIC SEAL] Notary blict� ' Kari Croft Curtis NOTARY PUBLIC (Printed,Typed or Stamped Name of Notary Public) STATE OF FLORIDA GOMM#GG911452 Z�� CkoF? Cu a-ri SExpires 919/2023 to O 0 O L_ tZ O v �'sss�A.a Page 36 of 36 0 yr c O A cz C: cz U i City of Aventura U Community Development Department 19200 West Country Club Drive Aventura,FL 33180 305.466-8940 r Certificate FOLIO: 28-2203-087-0020 BTR NUMBER: SERV2008-0001 FEE:$35 BUSINESS NAME: AZUR EVOLUTION 1 LLC MAILING ADDRESS: 2875 NE 191 ST 600 AVENTURA, FL 33180 BUSINESS ADDRESS: 2875 NE 191 ST 600 AVENTURA, FL 33180 BUSINESS TYPE: SERVICES/LAND DEVELOPMENT USE SPECIFICS: OFFFICE USE ONLY DATE: 8/26/2020 THIS TII T ST BE POSTED ON PREMISES ca This Certificate of Use confirms that the business use at the address stated above complied with Zoning District and p parking requirements on the date of certificate issuance. The certificate only becomes applicable upon the issuance of a 0 City of Aventura Local Business Tax Receipt providing there is no change of use or business ownership and no alteration ® or addition to the building or structure. Such changes must be applied for in person at the City of Aventura Community a Development Department. 'v 0 yr c cityofaventura.co T c U i d .;9 City of Aventura U , (__� = Community Development Department V. $ 19200 West Country Club Drive Aventura,FL 33180 305466-8942 �N vows 4P 8/26/2020 AZUR EVOLUTION 1 LLC 2875 NE 191 ST 600 AVENTURAFL 33180 This is your local Business Tax Receipt for the City of Aventura. Please post in a conspicuous place at the business location to avoid penalty. Do not remit payment as this is not a bill. CITY OF AVENTURA, FLORIDA LOCAL BUSINESS TAX RECEIPT Receipt SERV2008-0001 Expires 9/30/2021 Business Name: AZUR EVOLUTION 1 LLC Location: 2875 NE 191 ST 600 AVENTURA,FL 33180 Recipient Name: AZUR EVOLUTION 1 LLC Description: SERVICES LAND DEVELOPMENT Issue Date: 8/26/2020 Fees Paid: $200 fn Restrictions: OFFICE USE ONLY 0 0 0 'v 0 yr c 0 cityofaventura.com T Cz C: Cz U i �a 10/2012020 Detail by Entity Name rg A � y t�s.�Ga„ �® _ .l pgpanment ar State 7 I?aviaicrn of Carparatrctns d mar Reeoex@s J r t9J3Y�ptity�(R�1 Detail by Entity Name Florida Limited Liability Company AZUR EVOLUTION 1,LLC FjlJr g Information Document Number L19000088999 FEIIEIN Number 84-1788216 Date Filed 04/0112019 Effective Date 03/27/2019 State FL Status ACTIVE Principal Address 2875 NE 191st St. Suite 600 Aventura,FL 33180 Changed:02/24/2020 Mailing Address: 2875 NE 191 st St. Suite 600 Aventura,FL 33180 Changed:02/24/2020 &gistered Agent Name&_Address SMOLER,BRUCE J 2611 HOLLYWOOD BOULEVARD HOLLYWOOD,FL 33020 Authorized Person(;)Detail ren Name&Address O 0 ® Title MGR d AZUR EQUITIES,LLC v 2875 NE 191 st St. p Suite 600 Aventura,FL 33180 C Title AMBR Tsearchsunbiz.org/Inquiry/CorpomtionSmmWScamhResultDcWl?inquirytype=EnUtyNume&directionType=initial&searchNameOrder—AZUREVOLLMON1 L1900.-.. 112 Cz C Cz U i �a ® "10/20/2020 Delail by Entity Name � 0 Touret,Sacha 2875 NE 191 st St. Suite 600 Aventura,FL 33180 y��vS Annual Rept, Report Year Filed Date 2020 02/2412020 ocumen I aged 7 View image'in PDF forrnat a60'6d3019--F4cvrida Limited L:•abifi4v, view image in PDF format t4 tP7 O 0 O d O CJ O fn C O l4 Tsearchsunbiz.org/InquirylCorpomtionSearchlSearchResultDemil?inquirytype=FnGtyName&dirccGonTypFinitial&seamhNnmeOrderAZUREVOLLMONi L1900,.. 212 t4 C t4 U i 101202,320 Detail by Entity Name �p t orgt r> �a,�aa7�aryl❑F$C,alg: F 17�i+n of vemaeg n 3 Awa I 1�aech bY�5t44Y,"1�1 Detail by Entity Name Florida Limited Liability Company AZUR EQUITIES,LLC Effingink-rmfifi2U Document Number L14000162367 FEIIEIN Number 47-2114634 Date Filed 10/17/2014 Effective Date 10/17/2014 State FL Status ACTIVE FrIn-GiPALAdAlm 2875 NE 191st St. Suite 600 Aventura,FL 33180 Changed:03/17/2020 Ma tIn9 Address 2875 NE 191st St. Suite 600 Aventura,FL 33180 Changed:0311712020 &gistered Agent Name&Address PATRICK VIVIES CPA,PA 4000 Hollywood Blvd Ste 285-S Hollywood,FL 33021 O Address Changed:03/1712020 0 O Authorized Pemon(6)Detali a Name&Address v Title Manager O COHEN,PASCAL :D 2875 NE 191st St. Suite 600 Aventura,FL 33180 searchsunbiz.org/Inquiry/Corpomtion5mmWSearchResuliDetaii?inquirytype=En6tyName&dimeBonType—Initial&searchNameOrder=AZUREQUITIFS L14000162..° 112 A Cz C Cz U i �a 11120111110 Detail by Entity Name � CI Annual ReRga Report Year Filed Date 2018 04/25/2018 2019 04/30/2019 2020 03/17/2020 Document Images Oai17d2020—dmNNUAL REP®RT View image in PDF format i t P View image in PDF format Odi25A20i6--ANNUAL R PORT View image in PDF format 0511012047—A NUAL RkEM View image in PDF format 0413012010—AaNNUALREEM View image%n PDF format 2ZQMWI---AMRU&LRLP—QEIZI View image in PDF fora[ '... 101171 014—Florida L°Invited LiabillBy, View image inn PDF format in tP7 O 0 O d d) _v O in C (3) se mhsuribiz.org/InquirytCorpomlionSearchiScarchResultDetW[?inquirytype=EnftyNaFne@dire ionType=lnitial&searchNameOrderAZUREQUITIESLI4000162._. 2/2 T cz C cz u i �a 1 cz y��vS PLAZA OFFICE BLgLDING LEASE By and Between TURNBERRY PLAZA,LTD., a Florida limited partnership, as Landlord, and Azur Evolution 1 LLC a Florida Limited Liability Company as Tenant cn 0 0 0 'v 0 yr c 0 \® 9§459836.1 cz cz U i TURNBERRYPLAZA AVENTURA, FLORIDA LEASE SUMMARY Effective date: Landlord: T berry Plaza,Ltd. a Florida limited partnership Tenant: Anir volution 1 LLC.,a Florida Limited Liability Company Premises: 3,388 rentable square feet located on the 6th fluor of the Building Paragraph 1.1 and more particularly described and outlined by the floor plan attached hereto as Exhibit"A" Building: Turnberry Plaza — Paragraph Ll 2875 NE 141 Street,Suite Gab Aventura,FL 33180 Rentable S oars Foota a crf tFre ll3uildin : 109$,330 rentable-- Project: feet Project: That certain real property more particularly described by the legal Para a h I.1 descri tion attached hereto as Exhibit"B" Bente Number; 600 - Tenant's Proportionate Share: 3.12%(3,3881 108,330) Paragrgh 2.1 NQ Lease Term; Sixty-Two(62)months Para a h l.2 Lease Commencement date: One Month from I..ease Execution Para a h l.2 Rent Commencement Date: Sixty(60)days from the Lease Commencement Date. Para a h Expiration?Bate: The last day of the complete calendar month that is the 62"d month Paragraph 1.2 from and after the Scheduled Rent Commencement Date Base Rental: For the first year of the Lease Term,the initial Base Rental shall Paragraph 2.1 be$2$.00 per rentable square foot based on a triple net basis,plus applicable taxes. Base Rental Escalations Commencing on the first anniversary of the Rent Commencement ® Date, and continuing on each anniversary thereafter, the Base 0 Rental shall increase b three and a half 3.5% er annum. ® Current Year Estimated Operating Expenses: Calendar Year 2014 n Paragraph 2.1(b) The lease shall be a net lease and tenant shall pay its actual pro L) rata share of all building operating expenses and real estate taxes for each given calendar year throughout the lease term. Such ® payments are to be made monthly in advance based on landlord's C: projection,with a reconciliation of overpayment or underpayment at the end of each calendar yeH of the lease term. ae�ssaac.� T cz C cz U i �7 U 1 Such expenses for 2019 are estimated to be $12.00 per rentable Square foot. [Permittted Use: General office use =lPaaraggyaph 3.1 Security Deposit: Tenant shall subunit$22,586.67 as a security deposit,which shall Paragraph 2.2 be kept by Landlord for the full duration of the Lease Term. The security deposit must be submitted with Lease prior to Landlord execution. Guarantor: N/A Paragraph 8.15 Landlord's Address for the Mailing of Payments: 2875 Nl 191"Street Paragraph 2.1(a) Suite 303 Aventura,Fl.33180 Attn:Property Mana er TenaParking: If available,Tenant shall have the right to lease three(3)reserved Paragraph 8.9 parking spaces at the prevailing Parking hate when parking structure is complete. Tenant shall also have the right to utilize up to six (6) parking spaces in the surface parking area surrounding the Building at no charge. During construction of the neighboring Hotel,parking shall be as follows: Tenant its employees and guests shall be given the right to shuttle and from offsite lot. Tenant shall receive four (4) permanent Valet Stickers at no cost and in addition tenant will receive 20 validation stickers per month to use at their discretion (Free of charge). Additional validations may be purchased at$5 dollars per sticker with management if needed. Tenant's Broker: N/A Para rah 8.2 Tenant's Address for Notices: Azur Evolution 1 LLC Paragraph 6.1 Tu berry Plaza 2875 NE 191 Street,600 Avent a, FL 33180 Landlord's Address for Notices: Turnberry Plaza Paragraph 6.1 2.875 PSE 191 Street,Suite 303 Aventura, FL 33180 cin Attn:Property Mana er 0 Improvement Allowance. See Exhibit C attached hereto 0 0 n Renewal Option: See Exhibit F attached hereto 0 v Personal Guarantee NIA 0 yr c 0 ca 2 \® 74955876.1 CZ CZ U i 1 IN WITNESS WHEREOF,the parties have hereunto set their hands and seals the day and year first above written. LANDLORD: L. WITNESSES: TURNBERRY PLAZA,LTD, a Florida limited partnership By: CJA Holding Corp. a Florida limited liability corporation,its General Partner l'ri t Name: By: ae: Date° -4 l r� TENANT: Azur Evolution I LLC., a Florida Limited Liability Company t Nattne: IVIAIA A amto. Bv- Title: - a�° -------------- N' .- N e: nate: F O 0 O _v � I 74955636.1 cz cz U i U c y��vS The undersigned, does hereby execute this joinder for the sole purpose of consenting to the terms and conditions of the escrow provision set forth in Section 2.2 of this Lease. 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B T:01 OYN N B E XC H C RA AGENCY COMMUNITY REDEVELOPMEN'r Requestfor Proposals and Developer Qualifications .............................. Y "t ................. ,a Y -0- 01 t t f� Cottage District Infill HousingDevelopment Project u I t ei r io. a I Letter of Interest. . . . . . . . . . . . . . . . . . . . Tab 1 Background and Qualifications a. Proposer Information. .. . . .. . . .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . 4 b. Certificates of Good Standing .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . 6 c. Proof of Lease Agreement/Property Ownership . .. . . .. . . .. . . . 9 Tab 2 Key Personnel d. Resumes . .. . . .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .. . . .. . . .. . .. .11 Tab 3 Past Performance e. Relevant Project Descriptions. .. . . .. . . .. . . .. . . .. . . .. . .. . . ..24 Tab 4 Proposed Project Plan f. Detailed Description of the Proposed Project . .. . . .. . . .. . . .. . 37 Tab 5 Funding and Financing g. Project Pre-Development,Construction Development,and Sales Pro Forma . . . .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .. . . .. .49 h. Proposer Equity and Investment . . .. . . .. . . .. . . .. . . .. . .. . . .. 51 i.Anticipated Project Subsidies. .. . . .. . . .. . . .. . . .. . . .. . .. . . .. . 51 Tab 6 Community Utilization, Outreach, and Engagement j.Sales and Strategies. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .. . . .. . ..52 k. Local Contractor Utilization .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .54 I. Community Engagement.. . . .. . . .. . . .. . . .. . . .. . .. . . .. . . .. . .55 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 1 Tab 7 Financial Capability and Stability m. Proposer's Financial Capability. .. . . .. . . .. . . .. . . .. . . .. . .. . . 57 n.Statement of Intent to Purchase. .. . . .. . . .. . . .. . . .. . . .. . .. . .58 o.Credit Check Authorization. .. . . .. . . .. . . .. . . .. . . .. . .. . . .. . . . 61 p. Civil and Criminal Legal Actions. .. . . .. . . .. . . .. . . .. . . .. . .. . .65 Tab 8 PowerPoint Presentation q. Presentation Slides . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .. . . .. . .. . 67 Tab 9 Additional Information and Forms r. Executed Forms . .. . . .. . . .. . . .. . .. . . .. . . .. . . .. . . .. . . .. . .. . . 74 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 2 October 23, 2020 Michael Simon � Executive Director Directors! spuittei , Boynton Beach Community Redevelopment Agency 100 E, Ocean Avenue,4th Floor Boynton Beach, Florida 33435 RE: Baynton Beach CRA Cottage District Infill Housing Redevelopment Project Dear Mr. Simon and the Selection Committee; We understand over the past 14 years, the City of Boynton Beach has invested over$100 million dollars into the Heart of Boynton and Cultural Districts,most recently under the direction of the 2016 Boynton Beach Community Redevelopment Plan (BBCRA Plan), These projects focus on neighborhood activities, attractive streetscapes, affordable homes for residents, and innovative commercial sites. Understanding the vision - preserving the character, history; and architecture of the neighborhood, ingesting in housing and commercial areas, and enhancing access for pedestrians and vehicles-for the Heart of Boynton and the Cottage District is crucial to furthering the goals of the BBCRA Plan, Our team offers the Boynton Beach CRA unique experience and benefits, such as: ■ In 2020, Pulte broke ground on Merry Place, a partnership with the West Palm Beach Housing Authority, where Pulte is constructing an all workforce housing community, the first of its kind for any market-rate homebuilder in Palm Beach County, ■ Pulte is proposing for this project to fund the acquisition, development,and construction of all 40 residential units with no financing contingencies, CRA subsidies, or any other tax credit source. In addition,through a combination of the land purchase and a 3% marketing fee, Pulte estimates a total payment of$452,013 to the CRA over the life of the project, ■ Currently within the City of Boynton Beach, Pulte has vendor contracts in place with 6 subcontractors, 2 of which are within the boundary of the CRA,These trades include plumbing, carpet and tile,engineering, and dry wall, among others, ■ Team member WGI prepared the conceptual design for Sara Sims park and subsequently is well versed in the vision for the Heart of Baynton district, • Team member S.A. Nelson &Associates has extensive experience in South Florida and was involved in the Boynton Beach Town Square project- hailed by the CRA as the catalyst project for redevelopment of two other districts within the CRA. We appreciate the opportunity to submit this package and we look forward to working with the Boynton Beach GRA to enact the vision set forth for the Heart of Boynton and the Cottage District, Sincerely, Brent Baker President, Southeast Division Baynton Beach CRA 1 Cottage District Infill Housing Redevelopment Project 1 3 Tab I Background and Qualifications .................. .................. .................. .e. fee -0- -0- 0 01 Ikvu Ite G ro ui� �url�l.n. Background li is i f r ® r ® ® f Operating Entity: Pulte Home Company, LLC • Parent Company: Pulte Group, Inc. Ownership/organization structure: Publicly traded company • • Number of years of relevant experience: Over 50 years developing in ® Palm Beach County • ® ® ® Since our founding in 1950, Pulte Group has delivered almost 750,000 homes • •" throughout the United States. What began as a single home built by the • •• hands and entrepreneurial spirit of our founder Bill Pulte, is today the nation's • • • - • • . • - third largest homebuilder with operations in over 40 major cities. Marketing under some of the industry's best known brands; Pulte, Centex, Del Webb, ® DiVosta,American West, and John Wieland Homes and Neighborhoods, we ® ® can meet the needs of first-time, move-up, and active-adult homebuyers. ® ® The proposed CRA project will be constructed under the Pulte Home Company, LLC brand and entity. ® • • • Pulte's Southeast Florida headquarters is based locally in Palm Beach . •• County where it employs over 120 people.The Southeast Florida division will • • -• close over 750 homes in 2020 and invest over$25 million in new land assets, ® • ® ® • all of which are paid for in cash, with no financing. Pulte Group operates against a stated objective of delivering high returns on invested capital and equity over the housing cycle. Research indicates that • •• high ROTC and ROE are key drivers to creating long-term shareholder value • ® ® in the homebuilding industry. This focus has helped the company raise key • ' ' • operating and financial metrics to be among the industry leaders. Upon selection, we are prepared to provide the most recent year end annual report. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 4 Backqround and Qualifications rat ITr MITIPT11i M111 As a multidisciplinary consulting firm with a history dating back to 1972, WGI has 18 offices in six states,serving an active client base in over 30 states.Today, VV WGIO WGI is one of the most successful and fastest growing consulting firms in the nation. It is also recognized as one of the nation's top 25 "Best Firms to Work For." The firm is comprised of nearly 600 experienced professionals with a strong reputation for innovative and implementable high quality land planning, landscape architecture, structural engineering, land development/municipal engineering, subsurface utility engineering,traffic and transportation planning and engineering, MEP engineering, environmental sciences, surveying and mapping, architecture, parking planning and design, and creative services. WGI and its professionals have a long history of providing services for a variety of projects and take great pride in their work with an understanding that what we do makes our communities better - better places to live, work, and play. WGI has one of the largest landscape architecture and planning teams in the state, with over 25 in-house landscape architects and planners. We have serviced clients in a variety of market sectors including hospitality,commercial, residential, institutional, private land development, among others. S.A. Nelson & Associates along with its principal has 20+ years of experience in public involvement, marketing, public relations, business development ASSOCIATES strategies, and events management. S.A. Nelson & Associates specializes in developing and implementing strategic marketing plans, building community alliances, and public involvement. They have worked with Florida Department of Transportation, Florida Department of Environmental Protection,the Florida Consortium of Urban League Affiliates, South Florida Water Management District, AECOM, the Cities of West Palm Beach, Pahokee, Delray Beach, Riviera Beach, Fort Lauderdale, Overtown, and Lake Worth, as well as on major county projects such as the Palm Beach Outlets and the Palm Beach County Convention Center Hotel, Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 5 Backqround and Qualifications State of Florida Department of State I certify from the records of this office that PULTE HOME COMPANY,LLC is a Michigan limited liability company authorized to transact business in the State of Florida, qualified on January 3,2017. The document number of this limited liability company is M17000000044. I further certify that said limited liability company has paid all fees due this office through December 31, 2020,that its most recent annual report was filed on June 2, 2020, and that its status is active. I further certify that said limited liability company has not filed a Certificate of Withdrawal. Given under my hand and the Great Seal of the State of Florida at Tallahassee,the Capital,this the Fourteenth day of October, 2020 01 Tracking Number:3492284091CU To authenticate this certificate,visit the following site,enter this number,and then follow the instructions displayed. https:Hservices.sunbiz.org/Filings/Cet-tificateOfStatus/Cet-tificateAuthentication Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 6 Backqround and Qualifications State of Florida Department of State I certify from the records of this office that WGI, INC. is a corporation organized under the laws of the State of Florida, filed on July 12, 1991. The document number of this corporation is 566593. I further certify that said corporation has paid all fees due this office through December 31, 2020,that its most recent annual report/uniform business report was filed on January 6,2020, 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 Thirty-first day of January, 2020 Secretaq of State w� Tracking Number:2829658951CU To authenticate this certificate,visit the following site,enter this number,and then follow the instructions displayed. https:Hservices.sunbiz.org/Filings/CertificateOfStatus/CertificateAuthentication Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 7 N � Backqround and Qualifications State of Florida Department ofState I certify from the records of this office that S A NELSON AND ASSOCIATES LLC is a limited liability company organized under the laws of the State of Florida,filed on July 20, 2016, effective July 20,2016. The document number of this limited liability company is L16000136257. I further certify that said limited liability company has paid all fees due this office through December 31,2020, that its most recent annual report was filed on June 7, 2020, and that its status is active. Given under my hand and the Great Seal of the State of Florida at Tallahassee,the Capital,this the Fourteenth day of'June,2020 Secretary of State Tracking Number:7317846988CU To authenticate this cet-tificate,visit the following site,enter this number,and then follow the instructions displayed. ----------------------------------------------------------------------------------------------------------------------------------------------------- BovntonBeaohCRA|CottaoeDistrict|nfiUHounngRedevelopmen Project | 8 Backqround and Qualifications EN "Il : i CJTTYOF PALM BEACH G,er�RDE . 13USINESS TAX RE tlPT' f C123U ki 10500 N MILITARY TRI., PALM BCH GARDENS,FL 33410 2020 /2021 EXPIRES SEPTEMBER 30,2023 2020/2021 DBA: PULTE HOME 6011M �Y° LLC Address: 4400 PGA BLVI3,706 PALL BEACH GARDENS,FL33410 h�'..,�,V! Activo: OFFICE DIVISION SUPPORT FOR NATio.aL HOME 13UILDER PULTE GROUP CGontractor:ConstrucUpairi lEle issued to: 91PULTE 140ME COMPANY,,LLC, ` 4400 PGA,BLVD 7001 ! ~ PALM BEACH GARDENS,FL 33410 F Yentl Cortez MUST BE POSTED CONSPICUOUSLY USLY AT YOUR,PLACE OF BUS04ESS GERTMEG BUSINESS TAX,OFPIQ- Per City Code Seo,66-44 ANNE l j, ( ANNON P.O.Box 3353 West Psalm Beach,FL 334D2-335:3 "LGCATE 0 AT** CONS0TivtlTtt�NA FAX COLLECTOR w,.vw.f)bc x.0ocn TO:{567)355-22EA 20 35 VISTA PKWY'STE 1401 „I,, "�a rwiar,�a}'bra rni��smfr aluraltif, WEST PALM BEACH, FL 33411 ServIng you, TVPF Or BUSINt SS C7'NNER CER11F1CA1.16i4R FrE.CEIPT aei9T TE PAID AMT PAID BILL SikOu ti F:NL;sraEt t�EUSauESS - N1GI iFXG,;. Wit. 520 x521 7•.OFvt 1400 $3&90 +drs-I A'tt r _.. This documenl is valid only when rempatccl by the Tax:Collector's Offlce. STATE OF FLORIDA IDA PALM BEACH COUNTY 202012021 LOCAL BUSINESS TAX RECEIPT LSTR Nunn r: 201247213 W I IN3C EXPIRES: SEPTEMBER 30, 021 �. WCIINC -€ 2035 VISTA PKWY STE 100 n regrantse privilegeof engaging in or WEST PALM BEACH FL 33411-7716 maagng any busi ness profession or occupation l' rlt�rl-111,IIIc®11rltill 11rlpill,illi'll11111C'III111111Iltlr11 ,within itsJurlsdlction and MUST be oons0cuously displayed at the piace of business and In such a manner as Io be open to Ilia view of the public, Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 9 N � Backqround and Qualifications P 1 1 AR" T 717"al : I 101612020 Anne M.Gannon 0ONSMUTIONAL TAX COLLECTOR SewIng Pahl Beacil County 0 Servingyou. Vvest Palm aaact.FL 33402-3363 Checkout Viow 2020123398 Business Tax AcLive Mailing Address: Location Address: NELSON SOPHIA A 5883 CARIBBEAN BLVD 5883 CARIBBEAN BLVD WEST PALM BEACH FL 33407 WEST PALM BEACH , FL 33407 Business Name: SA NELSON AND ASSOCIATES Tax Year� 2021 Trade Name: SA NELSON AND A550CIATES License Nurnher: 2020123398 Phoine Number: 1-1c. Status,. Pend�ng Renewal New Business: 06/01/2017 Certiftate: Number of Units: 1 NAICS: 54-0030 Bill Number, Due Date Bill Ypar Tax Penalty/Fee Int(Irest Total Due B40184111 9/30/2020 2021 $0.00 MOO $0,00 $0,00 Bik Year Bill Nurriber Receipt Number Arnount Paid Last Paid Paid By 2021 B40184111 621.2022 $33.00 9/30/2020 Sophia Nelson https://pbct,ax.manatron,com/Taba/Bus:tnessTax)AcwuntDetailfraxDetaii.a,spx'?p=202012339,9&a=2826266&D=B40184111&y�2021&t=22301548 IM Boynton Beach CRA|Cottage District Infill Housing Redevelopment Project | 10 Tab 2 Key Personnel ............... .................. .................. see 0 fee -0- -0- 0O3 01 IIP u I t e r o u i tPulte("I'll I i"Al f IN CHARGE Brent serves as President of Pulte's Southeast Florida Division which is locally run in Palm ". Beach County with a team of 125 people. He has been with Pulte since 2002 when he joined the Company in the Palm Beach Gardens based Divosta Operations. During his 18-year career, Brent has overseen over 60 unique project acquisitions, several of which included affordable housing projects.Brent has both an Undergraduate and Master's Degree from the University of North Carolina at Chapel Hill and resides locally. �� x RELEVANT EXPERIENCE Preston Square,Palm Springs,Florida.Preston Square is a 160-unit value townhome community t in the Village of Palm Springs,with an average sales price of$275,000 which is 31%below the median new home sale price.The Pulte team successfully navigated entitlements in under a year with full Brent community and staff support, Baker Build to Honor Program,Florida and Texas.Pulte's BuRto Honor Program was established in 2013 to saythank you to the nation's veterans.In living to the promise to"make lives better;'Pulte's program provides mortgage-free homes to wounded veterans across the country.Over 50 Homes have been EDUCATION: donated through Pulte's Built to Honor program,with several of them constructed locally in Florida Master of Business Administration The program was named the 2020 Hearthstone Award Winner. -University of North Carolina at Chapel Hill,2003 Bachelor of Science,Business Charleston Court (Abacoa), Jupiter, Florida. Charleston Court was a 192-unit Victorian-Style Administration-University of Townhome community constructed in the heart of the highly acclaimed mixed-use community of North Carolina at Chapel Hill,1998 Abacoa,under Pulte Group's NVosta Homes brand throughout the early 2000's.Pulte was the biggest YEARS OF EXPERIENCE builder in all of the Abacoa master plan area.Thirty-two of the 192 units within Charleston Court were TOTAL:18 WITH PULTE:IB deed restricted at a workforce rate.Appreciation was capped at 3%for 5 years and after 4 years,the owners could sell at a market rate,which proved to be a successful program. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 11 LAND*Pu Ite ACQUISITION Andrew leads the Land Acquisition team in Southeast Florida,covering the Gold Coast and Treasure Coast counties, with an emphasis on Palm Beach County. His primary responsibility is to source �<< new acquisitions and manage complex entitlements through local, state,and federal government processes.Andrew has extensive experience working on RFPs and Public-Private-Partnerships for Pulte and as a private consultant.He has a Planning/Landscape Architecture educational background and worked for a locally-based consulting firm prior to joining Pulte in 2015.Andrew received his LEED AP designation in 2009 from the Green Building Certificate Institute. RELEVANT EXPERIENCE` Preston Square,Palm Springs,Florida.Preston Square is a 160-unit value townhome community in the Village of Palm Springs,with an average sales price of$275,000 which is 31%below the median Andrew new home sale price.The Pulte team successfully navigated entitlements in under a year with full Maxey,, LEED AP BD+C community and staff support. Merry Place,West Palm Beach,Florida.Merry Place is an affordable housing partnership with the EDUCATION: West Palm Beach Housing Authority where Pulte is constructing 36 townhome units.This community Bachelor of Landscape Architecture, represents the first all-workforce community in Palm Beach County proposed by a market-rate -University ofGeorgia,2011 homebuilder. CERTIFICATIONS: LEED AP BD+C Ocean Cove,Stuart, Florida. Ocean Cove is an infill townhome community located in the City of YEARS OF EXPERIENCE Stuart (Martin County). Pulte closed on the property in September 2020 after gaining unanimous zoning approvals from the City.The zoning approvals were gained following extensive community TOTAL:9 WITH PULTE:5 outreach with the neighboring associations. Due to the infill nature of the site,several cross-access easements were negotiated between the parties and utility relocations were required.The proposed product in this community is a 20'TH,with square footages ranging between 1,600 SF and 1,800 SF The price point in this community will be very affordable,with pricing starting in the high$200's. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 12 LAND DEVELOPMENT *Pu Ite Patrick heads the Land Development team for the local division from Vero Beach through Palm J! Beach and Broward Counties. Over the last 73 years focusing on both residential and golf course civil engineering design and project management, Patrick developed significant experience completing many complicated developments in the market. Patrick's educational background r ; includes a Bachelor's of Civil Engineering with High Honors from the Georgia Institute of Technology and a Master's of Business Administration from University of Florida and is a registered Professional rt Engineer in the State of Florida. RELEVANT EXPERIENCE hS,S� Cassia Estates, Lauderdale Lakes CRA, Florida. Cassia Estates is a partnership with the Lauderdale Lakes CRA,where Pulte purchased 20 acres of land from the CBA in January 2020.After Patrick over a decade of the CRA looking for partners to develop the site, Pulte in the course of 3 months Gonzalez, PE negotiated a contract and closed on the land,The proposed product offering is 84 single family homes with square footages ranging between 1,600 and 2,800 SF Preston Square,Palm Springs,Florida.Preston Square is a 160-unit value townhome community REGISTRATIONS: Profess1ional Engineer;Florida, in the Village of Palm Springs,with an average sales price of$275,000 which is 31%below the median #7389 2011 new home sale price.The Pulte team successfully navigated entitlements in under a year with full EDUCATION: community and staff support. Master of Business Administration - University of Florida,2016 Merry Place,West Palm Beach,Florida.Merry Place is an affordable housing partnership with the Bachelor of Civil and Environmental West Palm Beach Housing Authority where Pulte is constructing 36 townhome units.This community Engineering-Georgia Institute of represents the first all-workforce community in Palm Beach County proposed by a market-rate Technology,2007 homeb0der. YEARS OF EXPERIENCE TOTAL:14 WITH PULTE:6 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 13 LAND*Pu Ite PLANNING AND ENTITLEMENT Aimee oversees land planning and entitlements for the division's new communities.Aimee has over P 9 20 years of land planning, entitlement and real estate development experience,in both residential fi and commercial development, spanning both the public and private sectors.Aimee has extensive experience managing large-scale, complex entitlements and community outreach.Aimee obtained a BA from Florida State University,completed graduate coursework for a MA in Urban Planning at the University of Florida and has been a member of the American Institute of Certified Planners since 2000, RELEVANT EXPERIENCE Sunterra, West Palm Beach, Florida. During her tenure with a former employer, Aimee led the entitlements for this 31-acre, 124 single family unit site in West Palm Beach, Florida. Sunterra was designed to meet the growing need for affordable housing as home prices started escalating given its Aimee strategic location close to employment centers and transportation corridors, Carlson, AICP Cassia Estates, Lauderdale Lakes CRA, Florida. Cassia Estates is a partnership with the EDUCATION: Lauderdale Lakes CRA,where Pulte purchased 20 acres of land from the CRA in January 2020.After Master of Arts„Urban and Regional over a decade of the CRA looking for partners to develop the site, Pulte in the course of 3 months Planning(ABT)'-University of negotiated a contract and closed on the land.The proposed product offering is 84 single family homes Florida,1995 with square footages ranging between 1,600 and 2,800 SF Bachelor of Arts,History-Florida State University,1993 Ocean Cove,Stuart, Florida. Ocean Cove is an infill townhome community located in the City of REGISTRATIONS: Stuart (Martin County). Pulte closed on the property in September 2020 after gaining unanimous American Institute of Certified zoning approvals from the City. The zoning approvals were gained following extensive community Planners:Florida outreach with the neighboring associations. Due to the infill nature of the site,several cross-access AFFILIATIONS: easements were negotiated between the parties and utility relocations were required.The proposed American Institute of Certified product in this community is a 20'TH,with square footages ranging between 1,600 SF and 1,800 SF Planners The price point in this community will be very affordable,with pricing starting in the high$200's. Palm Beach County Planning Congress Commercial Real Estate Women, Palm Beach Treasure Coast Chapter Leadership Palm Beach County (Class of 2021) American Planning Association American Planning Association, Florida Chapter YEARS OF EXPERIENCE TOTAL:25 WITH PULTE:1 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 14 @WGI. PLANNING Jennifer has more than 25 years of experience in planning and landscape architecture and 20+years � �°L � of management experience for planning and design projects.In her role as a planner,she utilizes j her design background in landscape architecture to provide a balanced perspective for achieving purposeful change in the physical environment, Her professional planning experience includes Developments of Regional Impact, annexations, comprehensive plan amendments, rezonings, conditional uses, variances, master plans, site plans, conceptual designs, and corridor studies. Jennifer is experienced in both public and private sector planning, but her expertise is with the private sector, representing clients and projects within various market sectors from due diligence `, . and conceptual design through the entitlement process, as well as permitting and assistance in �; construction management, Jennifer RELEVANT EXPERIENCE Vail, AICP Haverhill Commons at Haverhill Road and Okeechobee Boulevard, Palm Beach County, REGISTRATIONS: FL, CMS1R Development Group, LLC, QA/QC Manager. WGI provided site planning and environmental services for this 270-unit, multifamily community in Unincorporated Palm Beach American Institute of Certified County(PBC).The development request required the processing of a small-scale future land use atlas Planners:Florida#023668,2009 amendment,rezoning,development order abandonment,conditional use request,waivers,variance, EDUCATION: and a right-of-way abandonment.The property is an important infill site and is located within a County Bachelor of Science,Landscape designated redevelopment area.The project provides much needed Work Force Housing priced units Architecture-Ohio State for the area,along with an emphasis on pedestrian, bicycle,and mass transit mobility options.The University,1994 site's location,coupled with the nature of the surrounding uses and need for diversification of housing AFFILIATIONS: options in the area,make the density and Work Force units ideal at this location, American Institute of Certified Mizner Trail Boca Del Mar PUD, Palm Beach County, FL, Mizner IG, LLC, Project Manager. Planners Jennifer was the overall project manager, in addition to providing planning services, including American Planning Association public outreach and client representation with the development team members and government American Planning Association agencies.WGI provided planning,civil engineering,structural engineering,surveying,and landscape Florida Chapter architectural services for 128.89 acres located within the Boca Del Mar PUD at the northwest corner American Society of Landscape of SW 18th Street and Military Trail,The proposed development,to re-designate the golf course as Architects residential, adds 252-single family and multifamily units located within seven pods in addition to a Leadership Palm Beach County recreational pod. Palm Beach County Planning Tuscan Gardens of Delray Beach (formerly Providence Living), Palm Beach County, Congress FL,Tuscan Gardens of Delray Beach Development Company,LLC, Project Manager.Jennifer YEARS OF EXPERIENCE was responsible for overseeing the project including representing the project before the governmental TOTAL:26 WITH WGI:26 agencies.WGI provided planning services for the Tuscan Gardens Senior Living facility,including the processing of a site plan amendment through the Palm Beach County Zoning approval process. WGI was recommended based on our prior experience with the property owner and ability to successfully navigate through the Palm Beach County public hearing approval process on a timely schedule.WGI completed the process more than 30 days in advance of the original project completion date,even with neighborhood opposition and negotiations with neighbors and PBC staff regarding project conditions of approval, The Groves Master Plan, Broward and Hendry Counties,FL,Seminole Tribe of Florida,Planner. The Seminole Tribe of Florida is developing approximately 890 acres on the Big Cypress Reservation,The master planning project consists of conceptual layout and includes a mixture of 11/2-acre home sites and single-family rental homes.The conceptual design and environmental assessment include master planning of lot layouts for density calculations,Phase I ESA,wetland delineation,master traffic study and roadway layouts,master utility layout,master drainage layout,NEPA preparation and processing, and development scheduling. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 15 @WGI. ENVIRONMENTAL Rick is responsible for upland and wetland determination, wetland delineation/permitting, maintenance and monitoring, due diligence for environmental assessment, tree mitigation, preservation,and relocation,regulatory compliance,and permitting.His responsibilities include GPS r work, littoral and wetland plantings design, tabular tree lists, listed species surveys,preservation management plans,and preparation of permits and reports for clients and government agencies. x RELEVANT EXPERIENCE Charleston Commons Phase II Vegetation Permitting,Palm Beach County,FL,Len nar Homes, LLC,Phase Manager.Rick assembled all exhibits forthe tree alteration permit and coordinated with the City reviewer to quickly issue the permit.WGI prepared a tree alteration permit application and submitted to the City of West Palm Beach for the Charleston Commons,Phase II project.A mitigation Richmond "Rick�� plan was developed that highlighted what trees would be preserved in place,relocated and replaced Harman, Jr.,, CEP, PWS onsite as coordinated with the City. Flagler Station Development Application Process, Palm Beach County, FL, HTG Banyan, LLC,Phase Manager.Rick prepared the tree inventory and the tree removal permit application.WGI provided planning, landscape architecture,environmental,traffic, and civil engineering services for EDUCATION: 0.76 acres located at 951 Banyan Boulevard,The development application consists of approximately Bachelor of Science,Biology-Wake 80 multi-family units. Forest University,2002 Haverhill Commons at Haverhill Road and Okeechobee Boulevard, Palm Beach County, CERTIFICATIONS: FL, CMS1R Development Group, LLC, Phase Manager. WGI provided site planning and Certified Environmental environmental services for this 270-unit, multifamily community in Unincorporated Palm Beach Professional County(PBC).The development request required the processing of a small-scale future land use atlas FDEP Stormwater Management amendment,rezoning,development order abandonment,conditional use request,waivers,variance, Inspector and a right-of-way abandonment.The property is an important infill site and is located within a County FWC Authorized Gopher Tortoise designated redevelopment area.The project provides much needed Work Force Housing priced units Agent for the area,along with an emphasis on pedestrian, bicycle and mass transit mobility options.The ISA Certified Arborist site's location,coupled with the nature of the surrounding uses and need for diversification of housing Professional Wetland Scientist options in the area,make the density and Work Force units ideal at this location, AFFILIATIONS: Heron Estates Senior Living, Palm Beach County, FL, HTG Heron Estates Family, LLC, Florida Association of Phase Manager.WGI was able to provide multi-discipline services, including planning, landscape Environmental Professionals architecture, environmental, engineering, traffic engineering and construction services, in order International Society of to design the Heron Lakes Senior Center, located in Riviera Beach, Florida, The project consists of Arboriculture approximately 101 units with community gardens and a lake. Society of Wetland Scientists Mizner Trail Property at Boca Del Mar - Final Approvals, Palm Beach County, FL, Mizner YEARS OF EXPERIENCE Trail Golf Club,Ltd,Phase Manager.Rick assisted in the onsite inventories and permitting aspects TOTAL:17 WITH WGI:17 of the project. WGI was selected by the property owner, Mizner Trail Golf Club LTD,to prepare and represent the Final Site Plans,Master Plan,Landscape Plans and Environmental Permitting efforts for the completion of the Zoning approvals for the Mizner Trail project approved by the Palm Beach County Board of County Commissioners(BCC) in June of 2014.The LDS division of WGI had previously assisted the property owner in obtaining the BCC approvals,and although several Home Builders had interests in developing the project,the property owner has decided to obtain the development approvals themselves.The project has extensive limitations under the BCC approval which will require multiple rounds of review by the PBC Development Review Officers(DRO), Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 16 @WGI. TRAFFIC Dan has extensive experience in multimodal transportation planning, transportation design, and traffic operations analysis. He provides multimodal conceptual design, operations analysis, and alternative evaluation.Leveraging his background in detailed design,Dan works with local agencies j to provide feasible solutions to transportation issues that work from an operations and design perspective and meet the needs of the community.He has significant experience with travel demand t forecasting,and his design experience includes the design of traffic control signals and roadway and pathway lighting.He is experienced in traffic signal timing and optimization,site access,circulation studies traffic control planning during construction,and evaluation of transportation improvement r\1�17� phasing, RELEVANT EXPERIENCE Daniel Apple Campus Transportation Planning,Traffic Engineering, and Design, TX, Supervisor, Hennessey, PE, PTOE Principal/Project Manager. Dan and his team completed the transportation planning and traffic engineering analysis for more than 3 million square feet of new office spaces for the new Apple REGISTRATIONS: Campus in north Austin. The project team evaluated nearly 20 external intersections and access Professional Engineer:Florida driveway locations for the project,internal intersection control throughout the Project site,access and #86275,2019 circulation for vehicles, pedestrians,and bicyclists,and impacts on the surrounding transit system. EDUCATION: The team provided recommendations for access and improvements in this congested section of Master of Science,Transportation Austin, and also planned for future buildout. After receiving approval from the City of Austin,Travis Engineering-University of County,Williamson County, and TxDOT,the team supported the development with design plans for California,Berkeley,2008 a new traffic signal and a modification to an existing traffic signal,design of new lanes for access Bachelor of Science,Civil to and from the project, planning for an intercampus shuttle/circulator,traffic control plans for the Engineering-Ohio State construction of the access locations and signal modification, and a concept plan for a shared-use University,2007 pedestrian/bicycle path between campuses, CERTIFICATIONS: The Grove at Shoal Creek, Austin, TX, Project Manager. Dan and his team completed the Professional Traffic Operations transportation planning and traffic engineering analysis for this mixed-use development that would Engineer add 1,100 residential units,600 senior care units,225,000 square feet of office space,and more than 140,000squarefeetofretail,restaurant,andservicespace,Detailedtripgenerationesti mates accounted YEARS OF EXPERIENCE for internalization due to the mixed-uses and existing mode splits in the Rosedale neighborhood.Dan TOTAL:12 WITH WGI:4 utilized state-of-the-practice tools for trip generation, including a model developed by the EPA that specifically studied characteristics of 239 multi-use sites.This helped reduce overestimation of vehicle trips,which can lead to improvements that could discourage development of otherwise desirable projects or inappropriately large intersections not properly sized to communities.Dan also created the first Transportation Demand Management(TDM)plan for a private development in the City of Austin,with aims to further reduce vehicle trip generation.This comprehensive plan included multimodal measures that best suited the context of the site and its users.It included measures incorporated into the site design and those that could be implemented by property manager/tenants/ employers. It also evaluated features and measures offered by the applicant to determine potential further trip generation reductions. Mission Rock Mixed-use Development and Pier 70 Mixed-use Development, San Francisco, CA, Project Manager. Mixed-use development projects along the eastern waterfront of San Francisco,which each added between than 1,000 to 3,000 residential units and 1.5 to 2.8 million square feet of commercial and office space.Both projects had flexible development plans and required detailed analysis that would allow project sponsors to respond to the future real estate market.Detailed trip generation estimates accounted for internalization due to the mix of uses and changing mode splits in the Mission Bay neighborhood. The team evaluated more than 35 intersections for each project; evaluated internal intersection control;access/circulation for vehicles,pedestrians,and bicyclists; impacts on surrounding transit; transportation demand management(TDM)strategies;freeway impacts;and parking supply. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 17 @WGI. SITE PLANNING Doug's responsibilities lie within the Planning Division where he develops both site plans and master `i plans for commercial,residential,institutional,and recreational projects from the conceptual stage through project construction.Doug works with a variety of municipal and county governments,as ;k well as consultants,to obtain zoning and site plan approvals.He is also responsible for meeting with local government agencies,providing project representation at public hearings,and meeting with neighborhood organizations. RELEVANT EXPERIENCE Heron Estates Senior Living,Palm Beach County,FL,HTG Heron Estates Family,LLC,Project Manager. Doug was the project manager for the planning and representation services on this 101- unit affordable housing project for seniors with community gardens and a central lake feature with Douglas walking trails. WGI was able to provide multi-discipline services, including planning, landscape Murray, PLA architecture, environmental, engineering,traffic engineering, and construction services in order to design the Heron Lakes Senior Center,located in Riviera Beach,Florida, REGISTRATIONS: Mizner Trail Property at Boca Del Mar, Palm Beach County, FL, Mizner Trail Golf Club, Professional Landscape Architect: Ltd, Phase Manager. Doug was the project manager for the site planning, master planning, and Florida#LA6667151,2013 representation of the project. WGI was selected by the property owner, Mizner Trail Golf Club LTD, EDUCATION: to prepare and represent the Site Plans, Master Plan, Landscape Plans, as well as Environmental Bachelor of Architecture,Landscape Permitting efforts. Following years of failed negotiations with the neighboring communities, WGI Architecture-West Virginia was chosen by the owner/developer to negotiate an acceptable design for the proposed golf course University,2003 conversion for the development of 252-residential units and a Type I,6-bed,Congregate Living Facility (CLF). YEARS OF EXPERIENCE Haverhill Commons at Haverhill Road and Okeechobee Boulevard, Palm Beach County, TOTAL:17 WITH WGI:17 FL, CMS1R Development Group, LLC, Phase Manager. WGI provided site planning and environmental services for this 270-unit, multifamily community in Unincorporated Palm Beach County(PBC).The development request required the processing of a small scale future land use atlas amendment,rezoning,development order abandonment,conditional use request,waivers,variance,and a right-of-way abandonment.The property is an important infill site and is located within a County designated redevelopment area.The project provides much needed Work Force Housing priced units for the area,along with an emphasis on pedestrian,bicycle and mass transit mobility options.Doug was the phase manager for the planning and representation services. Oceanside Townhomes Planned Unit Development,Palm Beach County, FL,Oceanside Townhomes, Phase Manager.WGI assisted Oceanside Townhomes,LLC with their proposal to develop eighttownhome units along the northside of Sweetwater Lane in the City of Boca Raton on an undeveloped parcel just off AIA.Following an initial PA Review submittal,the team processed PUD and SPA submittals before finally moving the project through CAB review.The services included preparation of master plans,site plans,regulating plans,landscape plans,and associated applications and documentation.Doug was the phase manager for the planning,landscape,and representation services. Deerfield Crossing(aka Sandpiper Pointe),Broward County,FL,Toll Brothers,Inc.,Project Manager.Doug was responsible for providing planning services which included the preparation of a conceptual site plan,preparation of the site plan for submittal,preparation of responses to LUPA and rezoning applications,and providing representation at council meetings/hearings.WGI completed planning and landscape architecture services for the property,which is located on the west side of Military Trail,between Hillsboro Boulevard and SW 10th Street.The development is a residential community comprised of 200 townhouse units.The 22.78-acre property is a portion of the former Century Village Golf Course.The residual portion(575 acres)of the abandoned golf course will be dedicated to the community as a park. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 18 @WGI. PLANNING Kristen is a seniorproject manager specializing in urban planning,community outreach,development services,public speaking, and leadership. Her planning experience includes development review, ,t transportation, writing and revising comprehensive plans, Community Redevelopment Area plans, tF and land development regulations. She is a relationship builder with an eye for projects from all angles based on her experience in municipal planning and private sector consulting. Kristen has consistent success implementing planning processes that align with projected trends to promote sustainable growth and redevelopment RELEVANT EXPERIENCE cP" Merrick Square School Board Property, City of Pembroke Pines, D.R. Horton, Inc., Project Manager,Phase Manager.Client proposed to build 211 fee-simple townhomes on 24.4 acres located Kristen at the SE corner of SW 172nd Avenue and Pines Boulevard,In order to implement this plan,a land use Nowicki, AICP plan amendment,rezoning,and site plan approval had to be processed through the City of Pembroke Pines and Broward County. REGISTRATIONS: Community Redevelopment Area Expansion and Time Extension,South Miami, FL,Senior American Institute of Certified Planner.*The team was contracted to extend the timeline of the CRA and expand its boundaries per Planners:#023382,2007 the requirements of Florida Statutes and Miami-Dade County. Kristen conducted a site inventory of EDUCATION: the current CRA and proposed expansion area,facilitated community outreach,and prepared multiple Master of Arts,Urban and Regional reports including a Site Inventory,Finding of Necessity,Assessment of Need,CRA Justification Report, Planning-University of Florida, and an update to the Community Redevelopment Plan, 2007 Community Redevelopment Area,Osceola Park Neighborhood Plan Update, City of Delray Bachelor of Science,Environmental Beach,FL,Senior Planner.*Kristen provided her technical knowledge for the Delray Beach Osceola Science-University of Florida, Park Community Redevelopment Area Neighborhood Plan update.The goal of this project was to 1998 determine if the current redevelopment strategies and development standards were still applicable, AFFILIATIONS and to propose new neighborhood improvement actions and redevelopment projects. Deliverables APA Broward Section(Chair) included a Site Inventory and Analysis and an update to the Osceola Park Redevelopment Plan, American Planning Association Development Review Services,Town of Cutler Bay,FL,Senior Planner.*Supporting the Town's American Planning Association Planning and Zoning Division, Kristen reviewed applications for new commercial and residential Florida Chapter,Executive development, redevelopment, and variance requests. Reviews included preparation of application Committee Member comments based on the Land Development Code, coordination with engineering, traffic, and YEARS OF EXPERIENCE landscape disciplines,and presentations to Town Council, TOTAL:19 WITH WGI:>1 Major Thoroughfare Design Guidelines,City of Lake Worth,FL,Senior Planner.*In coordination *PRIOR TO WGI with the urban design team, Kristen assisted in the preparation of a Site Inventory and Analysis Report,researched City policies and regulations,and provided QA/QC on the award-winning Design Guidelines document. General Planning Services,Village of North Palm Beach, FL,Senior Planner.* Providing both in-house and remote Planning Division assistance to the Village on a temporary basis while the Department was short staffed,Kristen prepared staff reports for Planning Commission and Village Council,responded to resident and business owner inquiries,and reviewed business tax receipts and building permit applications. Land Development Regulations Update,Town of Cutler Bay,FL,Senior Planner.*Supporting the Town's Planning and Zoning Division,Kristen led a team to revise architecture and form standards in the Land Development Code. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 19 @WGI. CIVIL ENGINEERING Adam is the Director of Private Land Development for Civil Engineering with nearly two decades of experience. While actively pursuing private land development projects, his responsibilities also include project management,oversightof design and plans preparation,permitting,and construction y({ ' administration to ensure that final design product meets industry criteria and client needs. His l experience includes all aspects of the land development projects from large-scale commercial shopping centers to residential subdivisions in a variety of jurisdictions, 7=, RELEVANT EXPERIENCE Heron Estates Senior Living, Palm Beach County, FL, HTG Heron Estates Family, LLC, Phase „ Manager.WGI was able to provide multi-discipline services including planning' landscape Adam architecture, environmental, engineering, traffic engineering and construction services, in order to design the Heron Lakes Senior Center, located in Riviera Beach, Florida. The project consists of Schildmeier, PE, LEED approximately 101 units with community gardens and a lake. AP Mizner Trail Boca Del Mar PUD, Palm Beach County, FL, Mizner IG, LLC, Phase Manager. Adam was the engineering services phase manager.He prepared and submitted permit applications; REGISTRATIONS: designed improvements for Pods 1-7, designed turn lanes; and prepared an analysis of the existing Professional Engineer;Florida wastewater collection system;as well as other civil engineering services.In addition,Adam provided #69218,2009 bidding phase services and coordinated the CLOMR processing. WGI provided a scope of services Professional Engineer;Indiana for 128.89 acres located within the Boca Del Mar PUD at the northwest corner of SW 18th Street and #PE11700529,2017 Military Trail. The proposed development is to re-designate the golf course as residential and add Professional Engineer;Texas 255-single family and multifamily units located within seven pods. #127871,2017 Golden Road Multi-Family Residential (aka NWC 10th & Boutwell), Palm Beach County, EDUCATION: FL,Lake Worth Investment,LLC.Phase Manager.WGI provided multi-disciplinary services such Bachelor of Science,Civil as planning, landscape architecture,traffic engineering,and environmental in order to design a 165 Engineering-Purdue University, multi-family development located on a 6.11-acre site in the City of Lake Worth.Part of the project was to 2004 determine the best suitable site design that would address the unusual characteristics of the property. CERTIFICATIONS Ranchette Lake,Palm Beach County,FL,Kennedy Homes,LLC,Project Manager.Adam provided FDEP Stormwater Management engineering design for the site and managed the permitting process thru Palm Beach County.WGI Inspector was retained by Kennedy Homes to design this zero-lot-line residential project in unincorporated Palm LEED AP Beach County.Services will include planning,landscape architecture,and environmental review.This AFFILIATIONS: is the third adjacent property that WGI has been involved with along this corridor for three separate clients.All projects involved WGI being involved through the process from concept to completion. Florida Engineering Society,State Director of the Treasure Coast Villa Tara (aka Hedrick Property), Palm Beach County, FL, Lennar Homes, LLC, Phase Chapter Manager. Adam was responsible for completing the civil engineering due diligence. planning and National Society of Professional site design services were provided for this 10-acre residential property located in Palm Beach County Engineers Planning.The project planned for 33 single family residential units and was successfully approved in May of 2014. WGI was also contracted to perform construction administration, inspection, and YEARS EXPERIENCE certification services. TOTAL:166 WITH WGI:6 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 20 @WGI. LANDSCAPE ARCHITECTURE Kirsten is a project manager with 10 years of international and national experience in project } management with a range of work that includes private and public recreational, residential and community design work. With a multidisciplinary background in industrial and graphic design,she has developed a unique skill set that makes her an asset to teams with her collaborative design "1 approach. She specializes in 3D modeling,photorealistic and hand renderings to help deliver her concepts.Her well rounded skill set compliments her management capabilities when coordinating r with clients and consultants.Kirsten's attention to detail ensures thorough implementation through construction documents and construction administration. RELEVANT EXPERIENCE Flagler Station Development Application Process,Palm Beach County,FL,HTG Banyan,LLC, Kirsten Landscape Architect. WGI provided planning, landscape architecture, environmental,traffic, and Siegel, PLA civil engineering services for 0.76 acres located at 951 Banyan Boulevard,The development application consists of approximately 80 multi-family units.Kirsten served as the Landscape Architect of Becord and guided the project through conceptual development on through construction documents and REGISTRATIONS: construction administration.The conceptual design was developed for the multi-family building to Professional Landscape Architect: blend seamlessly with Kirsten's design of a linear park on the adjacent parcel being developed in Florida#LA6667375,2018 conjunction with the City of West Palm Beach's CBA and HTG,Inc. EDUCATION: Village of Palm Springs Park Connector Pathway, Palm Beach County, FL,Village of Palm Master of Arts,Landscape Springs,Project Manager.WGI was hired to provide landscape architecture,survey,and electrical Architecture-Florida International design services for a five-phase project that created a master plan to connect all the Village of Palm University,2009 Springs existing parks. Kirsten was the project manager leading all disciplines through design and Bachelor of Arts,Industrial Design- construction documentation.The project implemented trailhead signage that provides the mileage in Rochester Institute of Technology, between all of the parks to encourage outdoor activity.The first phase of the project enhanced and 1999 provided connectivity to the Village Center and sports fields along Alemeda Drive. AFFILIATIONS: Banyan Boulevard Phase II,Design and Contract Document Services,Australian Avenue to American Society of Landscape Flagler Drive,Palm Beach County,FL,City of West Palm Beach,Landscape Architect.Kirsten Architects was the landscape and hardscape designer for the project.Banyan Boulevard functions as a gateway YEARS OF EXPERIENCE into downtown West Palm Beachfor many government employees and residents.The corridor provides TOTAL:11 WITH WGI:6 access to the waterfront and a connection to the heart of the downtown entertainment district.The goal of this corridor redevelopment was to create a vibrantstreet and a downtown gateway,prioritizing pedestrians and cyclists,and designed with alternative mobility infrastructure,as well as safe accommodation of automobiles. Cinquez Park Design-Build, Palm Beach County, FL,Town of Jupiter, Landscape Architect. Cinquez Park is a 13-acre community park located at the intersection of Indiantown Boad and Center Street in the Town of Jupiter,Florida,The Park's development was split into two phases. Phase I included an open space park with on-street parking,site lighting,a small restroom/storage building,sidewalks,gazebos,a lake,and a dog park.Phase II of Cinquez Park included a playground area,additional sidewalks,an additional gazebo,and construction of a treehouse in the large Banyan tree located on the property.WGI's scope of work included civil engineering,survey,environmental,with landscape architecture services provided by Kirsten. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 21 WNELSON & ASSOCIATES COMMUNITY # Ms,Nelson has more than 20 years of experience in public involvement,public relations,business development strategies, and events management, Ms. Nelson specializes in developing and ��„ implementing strategic marketing plans,building community alliances,and public involvement,Ms. Nelson has worked for the Florida Departments of Transportation and Environmental Protection, The Florida Consortium of Urban League Affiliates, South Florida Water Management District,AACEOM, The Cities of West Palm Beach,Pahokee,Delray Beach,Riviera Beach,Ft,Lauderdale,Overtown,and Lake Worth,as well as major County projects such as the Palm Beach Outlets and the Palm Beach County Convention Center Hotel, RELEVANT EXPERIENCE Boynton Beach Town Square, Boynton Beach, FL, Public Involvement Lead. For this Sophia A, unique public-private-partnership, Sophia is team lead on both public involvement activities Nelson and the Boynton Beach Building Wealth program, designed to encourage local hiring. The entire downtown is being recreated. Allegro Boca, Boca Raton, FL, Community Outreach. This project requires community EDUCATION: involvement and acceptance for a new senior living facility. Sophia provided quality control PhD Candidate(ABD),Public on all SAN activities. Administration and Policy- Walden University,2017 Master of Science,Criminal Justice- Riviera Beach Housing Authority,Riviera Beach,FL,S/M/WBE,Community Outreach University of Alabama,2000 and Labor Force Tracking.Sophia is currently responsible for managing the local preference Bachelor of Science,Pre-law and and local hiring initiative and coordination of community outreach events such as local force Sociology-Bethune Cookman J ob fairs and prime/subcontractor outreach meetings. University,1992 AFFILIATIONS Palm Beach Convention Center Hotel, West Palm Beach, FL, S/M/WBE, Community AMPS Entrepreneurship and Outreach and Labor Force Tracking. Sophia was responsible for managing the local Leadership Institute preference and hiring initiative and coordination of community outreach events such as labor Leadership Palm beach County force job fairs,prime/subcontractor outreach meetings,and prime and subcontractor website Leadership Florida creation for hiring and work-related tracking. Delta Sigma Theta YEARS OF EXPERIENCE Palm Beach Outlet Mall Development,West Palm Beach,FL,Public Relations,Event TOTAL:20 Management and S/M/WBE and Community Outreach. Sophia was responsible for managing the local preference and local hiring initiative,coordination of community outreach events,media placement,promotions,and public relations activities. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 22 (D WNELSON & ASSOCIATES COMMUNITY # Charisma Adams offers extensive experience in construction administration,project management, marketing and communications,public involvement, government relations, and event production, Mrs.Adams specializes in stakeholder management and development activation strategy focused on building bridges between community benefit and private interests, RELEVANT EXPERIENCE Boynton Beach Town Square, Boynton Beach, FL, Public Outreach. Outreach that engages and maintains relationships with the community and stakeholders through community meetings,site activities,vendor fairs,flyers,website,direct email, newsletters, and presentations. Implement a construction local contractor, vendor, supplier, and subcontractor outreach program that links contractors, local vendors/suppliers/ Charisma subcontractors, and business development support programs to create economic Adams opportunities. Anchor Site, West Palm Beach, FL, Community Outreach. Manages multiple teams, EDUCATION: partners,and programs to organize an ecosystem of economic development that connects Business Administration-University residents,businesses,job seekers,vendors,and subcontractors,and informs stakeholders of Florida,1999 and decision-makers. Outreach that engages and maintains relationships with the community and stakeholders through community meetings, site activities, vendor fairs, YEARS OF EXPERIENCE flyers,website,direct email,newsletters,and presentations. TOTAL:10 Atla West, West Palm Beach, FL, Project Manager. Charisma's responsibilities for this project include community outreach, public meetings, public relations, and event management. Healthier Neighbors, West Palm Beach, FL, Project Manager. Event planning and management services for a grant funded targeted event, including concept design, budgeting,marketing and public relations,program development,vendor management and contract negotiation. Christ Fellowship Church, Palm beach County, FL, Project Manager. Construction administration services for all new construction including concept design,budgeting,team relations,program development,vendor management and contract negotiation. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 23 Tab 3 Past Performance .................. .................. .................. .e. fee -0- -0- 0 01 I rw& F u t er o u d�url�l Pa,+f'S �� .n. o Cat r tfti' �'{tr )))nfrnP7ji�ti ti�sy� t irnl' V„tsr:`�` Ilk 111) �-a •�� ddb ti� ` � t s��' `\ : r{;� �= I s. j t jr t, f PRESTON SQUARE Palm Springs, Florida Li �l ,�� if'll ■ Preston Square is a 160-unit value townhome community in the COMPLETED Village of Palm Springs, in an infill location on the east side of 2020 Congress, south of Forest Hill. ■ The team successfully navigated entitlements in under a year with full community and staff support. ■ Pulte closed homes with sales prices ranging between $245,000 and $315,000, bringing affordable housing to a severely undersupplied market. ■ The average sales price of$275,000 is 31% below the median new home sale price of$396,100 in Palm Beach County for Townhomes / Attached Product and 47% below the median new home sale price of $522,350 for Single Family / Detached Product (Zonda Market Report, 2020). Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 24 ii�CSI f iliti f +i it _rY 1i tti t w ,t, ox 1, to � d Ft ' a - c,KN;".L+u di�fiS�1.mts�PCe�A.-:;5.,,. s\,:. .s�A4 vha,Y,n ^"^t.2,w"�,�a ;�'„ »4�«;�-�`^`•s`'"—�—, �e-,�, CHARLESTON COURT (ABACOA) Jupiter, Florida tultell"'1'1101 i ' ■ Charleston Court was a 192-unit Victorian-Style Townhome COMPLETED community constructed in the heart of the highly acclaimed mixed- 2020 use community of Abacoa, under Pulte Group's DiVosta Homes brand throughout the early 2000's. ■ Pulte was the biggest builder in all of the Abacoa master plan area. ■ 32 of the 192 units within Charleston Court were deed restricted at a workforce rate. Appreciation was capped at 3%for 5 years and after 4 years,the owners could sell at a market rate, which proved to be a successful program. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 25 -w•� �,n sRerp AVE.ur,ak�Itrt6 r(a AT) I � 31915 ��.w� . 1 c., 7C `.p � U � ® re a� 60 `7 ncr 'R@LI c e 7 "-,(/�°�,•/ / Adyyav-� s cn z,5 eu�.� �� n�{}o I i3 i S �� 1� o ;n� F_ GI —t` sm',a_a West Palm Beach, Florida tultel�,1'1101 Cli i i ' COMPLETED ■ Merry Place is an affordable housing partnership with the West Resign:2020 Palm Beach Housing Authority where Pulte is constructing 36 Construction:2022 townhome units, ■ This community represents the first all-workforce community in Palm Beach County proposed by a market-rate homebuilder, ■ Pulte's agreement with the Housing Authority is to deliver turnkey design and construction of the units with a full appliance package included, ■ The sales prices of the homes will be under$200,000 and meet the requirements of the 2 lowest categories within the AMI ranges (between $142,590 and $183,330), Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 26 Y l4ht 7 ? r�((f x s VNK CASSIA ESATES Lauderdale Lakes, Florida tultell"'1'1101 C1,101"i ' ■ Cassia Estates is a partnership with the Lauderdale Lakes CRA, COMPLETED where Pulte purchased 20 acres of land from the CRA in January Design:2020 2020. Construction: Est.:2022 ■ After over a decade of the CRA looking for partners to develop the site, Pulte in the course of 3 months negotiated a contract and closed on the land. ■ The proposed product offering is 84 single family homes with square footages ranging between 1,600 and 2,800 SF. ■ Models are anticipated to start in December 2020 with first sales in early 2021. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 27 -•�' � f� � 1 R>t ��9� GN!"YA8£1t I 19,`� 4�i�"�` �r fid)}�iYst�� 4��4 - �� h` �. t` s t t ��•Rm f jF Yl t k4$ f - W ` ev aiF, OCEAN COVE Stuart, Florida tultelI"'1'1101 i'1"i ' ■ Ocean Cove is an infill townhome community located in the City of COMPLETED Stuart (Martin County). Design:2020 ■ Pulte closed on the property in September 2020 after gaining Construction: Est.:2023 unanimous zoning approvals from the City. ■ The zoning approvals were gained following extensive community outreach with the neighboring associations. In immediate proximity to the site there are 3 separate condo associations, and Pulte was able to negotiate agreements with all 3. ■ Due to the infill nature of the site, several cross-access easements were negotiated between the parties and utility relocations were required. Pulte is very experienced with navigating the complexities of infill developments and Ocean Cove is a prime example of this. ■ The proposed product in this community is a 20'TH, with square footages ranging between 1,600 SF and 1,800 SF. ■ The price point in this community will be very affordable, with pricing starting in the high $200's. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 28 IN I W + FORES t NATURE r tt tt? t E a t •. � rs t 4 � Palm Beach County, Florida" �, �jt�� ° @WGI. WGInc.com WGI provided planning, landscape architecture, traffic engineering, and COMPLETED representation services for Pulte Group at the Boca Lago Country Club to Design; November 2015 convert a portion of an inactive golf course to residential use.WGI processed Construction; Ongoing a Development Order Amendment to reconfigure the master plan and add 130 multi-family units. Under this application, the 36-hole golf course was reduced to a 27-hole executive course and a portion of the former golf course was converted to residential use for the Boca Flores development. Boca Flores is a 55+ active adult community featuring walking trails, a clubhouse, pool, and access to Boca Lago County Club golf and tennis amenities.The design also features a 2.32-acre conservation area, one of over twenty preservation areas which were maintained throughout the larger community. In addition, 24 acres of the former golf course were set aside to create a passive park adjacent to Boca Flores. Designed by WGI for the enjoyment of all club residents,this park retrofits two holes of the abandoned golf course into a community amenity with trails, native vegetation, and sitting areas.The golf club is committed to environmentally friendly maintenance practices and has been a member of the Audubon Cooperative Sanctuary Program since 1993. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 29 7 t t sa �o ., CHARLESTON COMMONS West Palm Beach, Florida @WGI. WGInc.com Charleston Commons is a multi-family residential development prepared for COMPLETED Lennar Homes. The 18.5-acre site is located at the intersection of Haverhill Design; November 2013 Road and Earnest Street within the City of West Palm Beach. Our scope of Construction;April 2017 work was to prepare and represent the project in a Major Planned Development Amendment with the City of West Palm Beach. This amendment included 239 fee-simple townhouse units along with a community cabana and pool. As part of this scope of work, WGI prepared the site plan documentation, landscape plans, tree alteration permitting and provided all of the public hearing representation. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 30 f dd I m„ e „ r �I } r; I �t N t o Rm, Y FLAGLER STATION West Palm Beach, Florida @WGI. Nncxom This full-service project consisted of land planning, landscape architecture, COMPLETED civil engineering,environmental,and traffic engineering services forthe design Design; November 2013 and approval of a mixed-use, affordable housing development in the City of Construction;April 2017 West Palm Beach. Seen as the gateway to both the downtown and Historic Northwest neighborhood, this 0.74-acre site not only proved challenging in terms of its location and site constraints, but required additional coordination between the project team,the City,and the CRA to design a site that activated the public realm, incorporated pedestrian-oriented design, and referenced the historical architectural vernacular of the area. In addition, the project included the design of a linear park along the north side of the project on public right-of-way.This linear park builds upon the City's Flails-to-Trails program and improves the pedestrian network in and around the site. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 31 4 ; 4 t�53: i� `�s - Tyr i4 lj4t ltti � ,�tt t hs tt,t k } ,t'y iit 1141��i i _ �'stv t34s1 !� � „} fi�� t lli�1�\1@� �trG '��.4t� �", Nf�°• s „�',w�,w••�, ...4�" :,r,'�- t} _!�� } .?�,i ts�`' :.4,t� t,' �'fi. ,�r fid'•:. �',�;, HAVERHILL COMMONS Palm Beach County, Florida @WGI. Inc. WGI provided site planning and environmental services for this 270-unit, COMPLETED multi-family community. The development request required the processing Design:January 2019 of a small-scale future land use amendment, rezoning, development order Construction: Ongoing abandonment, conditional use request, waivers, variance, and right-of-way abandonment. The property is an important infill site, promoting a goal which is highly encouraged by Palm Beach County by providing 25% of units at Work Force Housing pricing. The surrounding area is comprised of a mix of uses, including residential, institutional, and commercial. The site's location, coupled with the nature of the surrounding uses and need for diversification of housing options in the area, make the density and workforce units ideal at this location. The site is the Countywide Community Revitalization Team area which is characterized by an urbanized fabric and a mix of uses that discourages vehicle dependency. This project prioritizes non-vehicular modes of transportation by providing strong pedestrian connectivity to features internal to the site and to the external pedestrian network. Paired with the site's close proximity to a wide array of uses within a half-mile, such as a temple, daycare, and retail shopping centers,the site is uniquely situated to have the same parking demand as developments located in more dense, urban areas. By making non-vehicular modes of transportation convenient to the residents, Haverhill Commons can further reduce the demand for parking and encourage alternative transportation modes. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 32 IBM- ,r U HERON ESTATES sS S � � r T Palm Beach County, Florida @WGI. Inc. The Heron Estates development is the first affordable housing community to COMPLETED be built in Riviera Beach, Florida in the past 40 years.The project began with Phase 1 -Heron Senior a vacant 15-acre site which was formerly a public housing complex called Design; May 2019 Ivey Green.The complex was demolished in 2008 and remained vacant until Construction;January 2020 the groundbreaking of phase one in 2019. WGI provided planning, site planning, engineering, landscape architecture, and permitting services to Housing Trust Group and the Riviera Beach Housing Authority for a public-private partnership project. The affordable residential community in Riviera Beach consists of two phases; Phase one; 101-unit,three-story senior center with amenities and a pool. Phase two; 79 townhouse-style workforce housing community, with a clubhouse, pool, playground, multi- recreational court, and a dog park. Both phases of the community are located around a lake feature with walking trails. The senior center provides one and two-bedroom rental apartments to seniors (55+) earning at or below 60% of the area median income. Construction of phase two will begin in the summer of 2020. Funding for the project is a financing mix provided by Florida Housing Finance Corporation, Palm Beach County Housing Finance Authority, U.S. Department of Housing and Urban Development (HUD), and private funding. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 33 `r � I � ti i i t , t , i IY r „ � - yy „txv �4`� `"" >>,�n xir ,��v. r .�` to o-� o ��tt�kWfr ;a �8 KINDRED COVE Unincorporated Palm Beach County, Florida @WGI. WGInc.com WGI was retained to provide due diligence,planning,site design,civil,survey, COMPLETED environmental, and landscape architecture services for this 9.24-acre, 33- Design; December 2017 unit single family development located at the southeast corner of Jog Road Construction;June 2019 and 62nd Drive in unincorporated Palm Beach County. The WGI Planning team prepared the Rezoning, Class A Conditional Use, Zoning Approvals, and Site Plan applications and successfully received approval for the site in May of 2015. Representation at public hearings and public outreach were also provided throughout the project approval process. An Environmental Assessment, Landscape Plans, and Irrigation Plans were provided for the project. The site plan took into account the existing upland vegetation on site by maximizing the amount of preservation and mitigation that can be planted on-site. These areas were also used to buffer adjacent uses from the development. Civil and Survey Divisions designed, permitted and platted the property. Stormwater design includes onsite drainage that will need to comply with the restrictive SFWMD C51 storage criteria and discharges to LWDD L4 Canal south of the site. One lift station serves the property and is designed to Palm Beach County Water Utilities Department Design standards. WGI was also contracted to perform construction administration, inspection and certification services. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 34 i � �i1� }tli� Ntx}t ra � �• .i !!� i �j<!}4S t;lll ti!i 'ts�' w t u iF� {t � 111}i�„ti� r �KV,4Ni SARA SIMS PARK Boynton Beach, Florida @WGI. Inc. WGI prepared the conceptual design for master plan improvements to one COMPLETED of the City's historic parks; Sara Sims Park in downtown Boynton Beach. Design;January 2018 Sara Sims Park was a 12-acre, blighted park in one of the City's poorest neighborhoods, named in honor of a well-known community activist from the early 1900's, The park included a number of passive and active recreational activities, including walking trails, basketball courts, and a children's playground, all of which had fallen into disrepair. The park is also part of the City's Cemetery Heritage Trail, The design for the master plan improvements included developing various walking trails and trailheads, updated modern restrooms, signage improvements, and also incorporated public art elements. Additional improvements incorporated landscape and irrigation improvements, as well as various park elements including pavilions, security fencing, and parking upgrades. As part of the master plan improvements, WGI also developed a contemplation area within the historic African American Cemetery inside the Park. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 35 a � C` "t s m y 4 , S Gh Avem�e �� 1 4 t YAt r I I 9 ' rdhriKhlm d c SEACREST CORRIDOR UTILITY IMPROVEMENTS DESIGN-BUILD @WGI. Inc. Boynton Beach, Florida COMPLETED WGI was selected by the City of Boynton Beach to design and oversee Design: September 2018 construction a substantial infrastructure improvement project. The Construction:July 2019 neighborhood improvements included 60,000 linear feet of water main replacement, moving rear yard services and meters to front yards, 5,000 linear feet of stormwater system upgrades,pavement reconstruction and overlay,roadside swales,driveway aprons, and sidewalks over a 50-block residential neighborhood covering 252 acres. A critical sanitary sewer force main connection was also designed and installed that provided connectivity of the City's sanitary sewer system across the FEC Railroad and Intracoastal Waterway to the barrier island. Installation of the 6-inch to 10-inch diameter water and force main utilized a combination of open cut, horizontal directional drill,jack and bore and pipe bursting construction methods. Additional services provided by WGI included survey, subsurface utility engineering, landscape architecture, environmental permitting and public outreach activities. WGI planners created outreach brochures, hosted neighborhood meetings, managed a website, and monitored a trilingual hotline to answer the questions and concerns of residents and ensure an effective process. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 36 Tab 4 Proposed Project Plan .................. .................. .................. see fee -0- -0- 0 01 IkPu Ite G ro u i Proposed r ec f ® r r ® r r Project Description Pulte recognizes that redevelopment of the Cottage District, within the Heart of Boynton District, is a priority for the Boynton Beach CRA and we are very excited to share our proposal with the CRA. Our proposal is uniquely designed to complement and add value to the existing neighborhood and its residents as well as further the goals and principles contained within the 2016 Boynton Beach CRA Redevelopment Plan ("BBCRA Plan"). Among the goals that the Pulte proposal furthers from the plan are; ■ Protect and enhance existing single-family neighborhoods ■ Create a comfortable, walkable and safe pedestrian-scale environment connecting residents and visitors to the commercial, social/cultural and recreational amenities within each District ■ Develop policies and strategies for providing adequate public parking within each District to support commercial and residential redevelopment ■ Encourage and assist existing development and redevelopment projects that provide employment and economic opportunities ■ Encourage the implementation of streetscape enhancements within the Districts ■ Encourage the development of new affordable housing (with no subsidies from the CRA or any other public funding/tax source) Pulte's plan consists of 9 single family detached and 31 single family attached (townhome) units for a total of 40 new single family units within the Heart of Boynton. Drawing from the architectural styles of the surrounding neighborhood and the BBCRA, we are proposing two styles - Florida Mediterranean and Florida Coastal. Both styles complementthe existing homes,reflectthe historic character of the proposed Shepard FunkAddition Historic Cottage District along NE 3rd Avenue and Boynton's coastal history. Our plan provides new homeownership opportunities and has been carefully designed to enhance and protect the surrounding neighborhood. We've included a small neighborhood park along NE 1st Street with landscape, hardscape, shade structure and lighting features,as well as a dual use passive recreation/dry detention area,a network of sidewalks and pathways around and throughout the site which connect to the existing neighborhood and provide access for the community at- large. While the small park will be deeded to the City of Boynton Beach to ensure perpetual community access, the Pulte HOA may retain responsibility for park maintenance. We've also included additional parking, both on- street parking on NE 1st Street (six spaces in the right-of-way), as well as off-street - six at the townhomes and nine at the new park.The on-street parking, along with new decorative streetlights and the perimeter sidewalks provide traffic calming and a pedestrian environment to the site. The BBCRA Plan identifies the vision for the Heart of Boynton District as"becoming a model neighborhood, with its unique character and history preserved. The vision includes enriching the original vernacular architecture of the neighborhood, investing in housing and commercial uses, and connecting both through the pedestrian and vehicular networks."The vision further addressed via three recommendations; Streetscape, Land Use, and Urban Design. Pulte's plan responds to and enhances the each of the BBCRA recommendations for the Heart of Boynton District as explained below. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 37 Proposed r jec Big Streetscape The BBCRA Plan outlines a variety of streetscape enhancements for Seacrest Boulevard including "bus shelters and the creation of a Pedestrian Zone adjacent to rights-of-way that inviting, safe and includes a minimum 8' wide clear sidewalk, decorative light poles are both vehicular and pedestrian scales, and installation of canopy trees that provide immediate sharing at time of construction". Pulte's plan includes a 5'sidewalk, retaining the existing decorative streetlights and installing larger canopy trees along the portion of the site adjacent to Seacrest Boulevard,We are also continuing the pedestrian enhancements through an interconnecting network of sidewalks and pathways throughout the site. Decorative streetlights will be provided along the perimeter and interior of the site. Off-street parking is provided long NE 1st Street, which provides for traffic calming as recommended by the BBCRA and the community. Additional off-street parking is provided adjacent to the pocket park and within the site itself. Lastly, we have incorporated a bus shelter for school children in the pocket park along NE 1st Street. We will work with the CRA and the Palm Beach County School District to ensure the bus shelter meets their standards and is utilized as a neighborhood school bus stop. Land Use The existing future land designation for the site is Medium Density Residential and the BBCRA Plan notes that High Density Residential would also be appropriate. Pulte's plan maintains the existing Medium Density Residential as a means of protecting the surrounding neighborhood.We have done so because while we understand the surrounding community desires new housing opportunities, they want the new opportunities to be consistent with and integrated into the existing fabric. We have opted to propose fee simple single-family opportunities instead of rental opportunities.The current zoning designation is R-2, One and Two-Family, which allows for the proposed density, however we will rezone to PUD. Urban Design The BBCRA Plan identifies three architectural styles in the Heart of Boynton District. The three architectural styles are Mission, Frame Vernacular and Mediterranean.The BBCRA Plan recommends "that when building in this District, new development shall utilize one of these styles". The BBCRA Plan also notes that the Cottage District should be developed with single-family for- sale homes in the style of the surrounding historic cottages. The surrounding cottages are primarily frame vernacular. Pulte's plan proposes two architectural styles in keeping with the recommendations of the BBCRA Plan, We are proposing the Florida Mediterranean which is consistent with the BBCRA Plan's Mediterranean Revival Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 38 Proposed r ec style and includes one and two-story structures, stucco finishes, gable and hip roofs with shingle tiles, window and door surrounds, decorative horizontal banding and graceful arches. Select plans also include columns and corbels.We are also proposing a Frame Vernacular style - Florida Coastal -which draws from Boynton Beach's coastal identity and is consistent with the styles identified by the BBCRA. This style features stucco finishes, board and batten detailing, gable and hip roofs with shingles, rafters and decorative banding. In order to provide further consistency within Pulte's plan, the single-family units will be offered in both architectural styles while the townhomes will be in the Florida Mediterranean. The architectural styles are also in keeping with the design guidelines contained in the City's Land Development Regulations,Further,the RFP provides a varietyof sample elevations including Mediterranean,Coastal,Craftsman and Caribbean. Both of our architectural styles, Florida Mediterranean and Florida Coastal, are consistent with the sample elevations contained in the RFP, The 2009 The Downtown Vision and Master Plan ("2009 DMP") notes that while the area does not have a "signature look or style,the creation of a City's identity... establishing urban design guidelines that will promote the vernacular architecture". The 2009 DMP points to architectural structures that can be used as a "basis for future design guidelines" such as the Women's Club and Old School House. The 2009 DMP further notes that the neighborhoods are predominantly a continuous network of streets in a grid pattern. The 2009 DMP also notes that land uses and densities should "ensure a logical and clear transition linking the downtown core to surrounding areas". Pulte's plan has taken each of the above recommendations into consideration.Specifically,our architectural style mirrors the Mediterranean Revival of the Women's Club and the Old School House. We retain and complement the existing grid pattern of the neighborhood and our proposed density of 9.2 units per acre serves as a clear transition between the 2009 DMP and BBCRA Plan recommendations for higher densities in the urban core and the surrounding area as well as a transition to the higher densities proposed for the MILK District. The RFP provides Urban Neighborhood Site Plan Concepts including site planning elements for lots, special condition lots and garage design and sitting. Pulte's plan meets the site planning concepts including an urban streetscape with consistent and minimum setbacks and shade trees and other landscaping to define the front yards and street edges and provide for traffic calming. Along the perimeter of the site, each home is sited towards and relates to the street. This pattern continues with the three interior townhome buildings which relate to the interior access drive. The sidewalks and driveways are of the same consistent material, AC units are screened, and garages are set back from the front of the homes on two of the three single family detached plans. Care has been taken to ensure the homes surrounding the pocket park respond to both the park and the street.With respect to garage siting,the driveways are limited to 9' in width, whenever possible, and the garage is secondary due to being recessed, whenever possible. Description of Housing Units and Housing Types Proposed In an effort to better serve the needs of the surrounding community and residents, Pulte is proposing a mix of housing types including both single family detached and single family attached (townhome); a total of 9 single family and 31 townhome units are proposed across a total of five plans.Specifically, we are proposing three single family detached plans; the Brookwood,the Cedar, and the Highgate as well as two single family attached plans; the Navarre and the Grayton. The single family detached homes are one-story, 3 or 4 bedrooms, 2 baths, and 2 car garages. The single family attached (townhomes) are two story buildings (4, 5, and 7 unit configurations), 3 bedrooms, 2.5 baths, and 1 or 2 car Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 39 Proposed r jec garages, The mean roof height of the single family detached homes is 13'9". The mean roof height of the single family attached homes (townhome) is 263" and second floor wall planes are recessed. Additionally, the front facades are articulated to ensure the massing is consistent with the existing homes. The living area of the single family homes range from 1,447 to 1,850 square feet; while the living area of the townhomes are 1,636 square feet. Pulte's floorplans are consumer driven and the result of extensive consumer research and feedback to create the best in livability. Our plans have flexible, updated floorplans to make the buyers life easier and more enjoyable. The chart below details the total square footage, living area square footage (under air), number of bedrooms, number of bathrooms and garage for each plan as well as the proposed number of each plan. A A . A A A A A A A Single Brookwood 2,028 1,447 3 2 13'9" 2 car 2 Family Cedar 2,267 1,662 3 2 13'9" 2 car 4 Detached (1-Story) Highgate 2,399 1,850 4 2 13'9" 2 car 3 Single Navarre 18' 1,874 1,636 3 2.5 25'3" 1 car 19 Family (interior units) Attached (2-Story Grayton 20' 2,084 1,637 3 2.5 25'3" 2 car 12 Townhome) (end units) Total Units Proposed 40 Density 9,2 du/ac All plans include our signature Build Quality Experience which includes communication with the buyer every step of the way. Pulte Construction Standards meet or exceed those of the industry.We include many energy-efficient and smart home features that help reduce the home's energy consumption such as radiant barrier roof decking to reduce heat absorption and improve HVAC efficiency, high-efficiency HVAC systems, programmable thermostats, energy-star qualified appliances, low-emissivity windows and compact fluorescent and LED lighting, Pulte homes are built with sustainability in mind. We partner with industry leaders who strive for the same excellence as we do including Lenox, Moen, Mohawk, Shaw,Sherwin-Williams and Whirlpool. Please refer to page 41 for additional building specifications. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 40 With respect tothe minimum energy efficiency guidelines contained inAttachment F"Energy Efficiency Guidelines Checklist"ofthe Cottage District RFP, Pulte certifies that mnemeet and exceed all elements. Pulte Homes Building Specifications Architectural and Design features Interior • Monolithic slab and CMU (concrete b|nok) exterior m Knockdown drywall finish on ceilings and vva||n walls with bond beams m White flat paint on all ceilings and vva||n, white nemi • Prefabricated engineered wood truss system for gloss on all doors and trims floors and walls m R-30 ceiling innu|atinn, R4.1foil nnexterior masonry • Stucco textured finish exterior vva||n and overhangs vva||n • Tamkn Heritage architectural shingles (or m Colonist, molded, hollow core 2 panel interior doors equivalent) m Whirlpool Energy star rated kitchen appliances • C|npayRaised Panel Garage Doors (or equivalent) including refrigerator, dishwasher, microwave, range, • PGT Impact windows second floor washer, and dryer • Hurricane shutters for first floor vvindnvvn m Decorative 2 1/4' casing on all swing doors and 3 1/4" • Decorative stucco banding per plan baseboards inall rooms • Decorator selected exterior paint schemes including m Lever door hardware on all interior doors wall, accent,trim,front door and garage door m ITS 17"tile flooring inkitchen, dining, and bathrooms differentiation (or equivalent) • Decorative pavers for driveways and walk to home m Moen chrome bath fixtures • Exterior gutters per plan m Shaw carpet in bedrooms and gathering room • Exterior hose connection inrear m Wood window sills • Exterior GF| receptacles (one inrear, one infront) m Generous bedroom and linen closets and kitchen • Coach lights nngarages pantry closets per plan • Lenox 15 SEER air conditioning system with m Ventilated "free glide"vinyl coated metal o|nnet programmable digital thermostat shelving • Fully irrigated lot with oversized trees, shrubs and m Minimum 50-gallon electric water heater sod per plan m Minimum 150 amp electric service m [)eonrarocker light switches throughout home with standard receptacles Proposed r jec Public Benefits As outlined above, the Pulte plan provides many public benefits to the community at-large and the Boynton Beach CRA. Each benefit is summarized below. ■ Affordable Housing. One of the tantamount benefits is the provision of 40 new affordable homes, consistent with the Palm Beach County Workforce Housing program, with no CRA assistance or reliance on any other public/tax funding source. Units will be sold to households at 80 to 140% area median income (AMI), with the majority sold to households at the 80 to 120%AMI. ■ Preservation and Enhancement of Existing Single Family Community.The Pulte plan is designed to be integrated within the existing community and proposes two architectural styles which are complementary to the surrounding neighborhood and consistent with the Heart of Boynton recommendations contained in the BBCRA Plan. ■ Walkable Pedestrian Scale Environment.The Pulte plan provides pedestrian enhancements through an interconnecting network of sidewalks and pathways throughout the site. ■ Enhancement of Streetscape.The Pulte plan provides on-street parking, decorative streetlights, larger than code street trees and a perimeter sidewalk all of which are designed to enhance the streetscape and provide traffic calming. ■ Public Park.The Pulte plan provides a neighborhood park along NE 1st Street that features landscaping, hardscaping, a shade structure, lighting feature and connects to the dual use passive recreation/dry retention area,thereby expanding the recreational opportunities.This park will be deeded to the City of Boynton Beach but may be maintained by the Pulte HOA. ■ Bus Shelter.The Pulte plan provides for a bus shelter along NE 1st Street. Pulte will work with the CRA and the Palm Beach County School District to ensure the shelter is utilized. ■ Efficient and Sustainable Homes. Pulte's construction practices maximize efficiency and sustainability which helps with ongoing affordability. ■ Increase City of Boynton Beach Tax Base. Increase the City's tax base by$8,400,440 based projected sales prices. ■ No CRA Funding. Pulte's plan does not require any CRA funding freeing up $385,825 allocated for the Cottage District for other CRA projects and priorities. ■ Community Engagement. Utilize our existing local vendor base including vendors located within the CRA boundaries and identify and recruit new vendors to ensure that that local businesses and residents benefit from this development initiative Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 42 N r{} nm � 02 40, wwm tr�� t dx Yrkt �J w a t - x ° 'gr;�Yr e{fir;671 `G tm�rrt61V 5. — a r fiam w 9 5 IT �r 4 }fi ��x} �lT WIN ,A IJl �`�{}j � d F O. O. 01 _ �a Q Do O w = m z � � C� m� 01 O O s 1 _ ti 0 U Q 0 W m O J Q<a O - C] d �x C----] ZLu Oo W7 Q=" Q x O N IID j I 0 — Q Z O ao W y Q o LL W N C3 -- U OPT.ODK' LL r t wm c v ti C9 u � I � w li > I J N I I II II O v a w Q x ^IiCli � U I m - z Q .. w = ym OI N I Q� of w _* H1V9 S INMMO w zU ------ OPTODK X'' w' Zy Q- w;, O � 1 O U LL c in N Im i jo. 41 Num � d � r , Q o OPi.ODK �'❑°❑° m o d- " N M 77 ---- w aN - d _0u�x �o - O- z oD O� : m N O4 - U4 n z Q 07, 00= C!7 i i i i m ti L------------ — O a O Z K U Oi � ' Z i Q i Is � v w m Y � c w � o Q o m QD o'i w o iVq S INMO �q w o zM Ox o o O o0 D w_ L------------ m O _ OPT.ODK Q Z4 Q }+ I J x D o w o O � O LL Or co K s D�}{i{Fs2trs 1, i- 1 s41)) )� i � fir t y�-P, lr ( 36 r 41 ylA �I�� . � �� IN t I IP 1 �� ! �'IIIIIIIIIII II SII c � d a _ c3 c o 0 , o U Q 5 d C] O III ' m O ty{}�r1viJ , t trrrr i ��lY iy rr J r — O 75 75 lw LU En r g"Ir )7,t V 1 r � I� N. �1 _ j\ 1 CL rf s LL in +� c5 CV) e o o N NO u 00 ¢ 00 ON 0 co x p LL cn 0 c _ N wo s m U to , o — m E � W O O o L i m z CIA 00'x' x - - to W - C7 b Oxo - x O O m M N LL in nq N- 0 vO O ON O N LL N x 1 AI O OO x i 00 W_ ® i U N 4__ Oxy o o w t oF" d Ln o0 00 Q Q Q x O O 'a O m M Tab 5 Funding and Financing .................. .................. .................. see fee -0- -0- 0 01 IkPu Ite G r o u {di Ul Funding Financing r ® r ® r ® r Pro Forma The underwriting criteria on this proforma represents a breakeven scenario.The sales price (revenue) minus the total land purchase price, pre-development / sitework costs, and construction development (house) costs are equal to a project gross profit of approximately 0% (-$222/unit or -$8,880). The total estimated purchase price for the property is $452,013, which include the proceeds for the land paid at closing and an estimate for a 3% marketing fee to be paid to the 1313CRA. Total Purchase Price (Purchase Price,Paid atClosing+BBCRA Marketi11 ng Fee) 452`013 Lot Type/Plan Name WFH Category Living Scl Ft Sales Price/Revenue Total Project Costs Gross Profit,$ Gross Profit,% Per Unit Per Unit Per Unit Per Unit- WFH I Low nitWFHILow All/Project Weighted Average WFH 2 Moderate-1 1,646 $ 210,011 $ 210,233 $ (222) 0% 4.346 AC WFH 3 Moderate-2 WFH 4 Middle Townhome/Weighted Average WFH ILow 1,636 $ 190,605 $ 206,466 $ (15,860) -s% WFH 2 Moderate-1 Single Family/Weighted Average WFH 3 Moderate-2WFH4 Middle 1,677 $ 276,850 $ 223,208 $ 53,642 19% WFH 1 Low 1,636 $ 166,110 $ 202,771 $ (36,661) -22% Interior Townhome/Navarre WFH 2 Moderate-1 1,636 $ 213,570 $ 204,195 $ 9,375 4% WFH 1 Low 1,637 $ 166,110 $ 210,416 $ (44,306) -27% Exterior Townhome/Grayton WFH 2 Moderate-1 1,637 $ 213,570 $ 211,840 $ 1,730 1% Single-Family/Brookwood WFH 3 Moderate-2 1,447 $ 261,030 $ 217,720 $ 43,310 17% WFH 4 Middle 1,447 $ 308,490 $ 219,144 $ 89,346 29% WFH 3 Moderate-2 1,662 $ 261,030 $ 222,440 $ 38,590 15% Single-Family/Cedar WFH 4 Middle 1,662 $ 308,490 $ 223,863 $ 84,627 27% WFH 3 Moderate-2 1,850 $ 261,030 $ 226,468 $ 34,562 13% Single-Family/Highgate WFH 4 Middle 1,850 $ 308,490 $ 227,892 $ 80,598 26% Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 49 Funding Financing Lot Costs The total purchase price based is equal to the purchase price paid at closing, plus the BBCRA marketing fee equal to 3% of the sale price paid at each eligible unit closing. ■ Total Purchase Price = $452,013 ($11,300/unit) • Purchase Price Paid at Closing = $200,000 ($5,000/unit) • BBCRA Marketing Fee (3%of Unit Sales Price) = $252,013 ($6,300/unit) ■ Pre-Development / Sitework Costs= $1,495,574 ($37,389/unit) The Pre-Development costs are separated into three main cost buckets; 1. Engineering/Pre-Acquisition 2, Hard Costs 3, Soft Costs,The Pre-Development / Sitework costs table is shown below. Pre-Development Costs DESCRIPTION BUDGET Detail per Tabs PER LOT 10002-Land - Undeveloped $ - $ 10104-Closing& Acquisition $ 10.30 $ 0.26 10106-Interest Escalator $ - $ - 10108-Broker Fees $ - $ 10202-Legal Fees $ 12,811.75 $ 320.29 10204-Prepaid Ta $ - $ - 10220-Im act/Proffers Fees 1 $ $ 10230-CDD reimbursement $ $ - 10232-Munici al Fees $ 13,093.90 $ 327.35 10302-Preliminary Engineering/ $ - $ - Engineering/ 10316-Final Engineering/Design $ 133,773.42 $ 3,344.34 Preacq Costs 10320-Soil & Environmental Test $ 18,058.31 $ 451.46 10400-Demolition $ - $ - 10416-Earth Balancing a/c Ret $ 138,004.33 $ 3,450.11 10428-Sediment/Erosion Control $ 14,660.76 $ 366.52 10438-Sanitary Sewer/Septic S $ 143,633.75 $ 3,590.84 10442-Storm Sewer System $ 70,892.50 $ 1,772.31 10444-Water System $ 77,611.25 $ 1,940.28 10458-Paving 1 $ 166,846.94 $ 4,171.17 10466-Sidewalks $ 14,541.38 $ 363.53 10468-Electric Distribution $ 41,063.14 $ 1,026.58 10494-Offsites $ - $ - 10496-Reimbursements $ $ 10498-Environmental Issues $ $ - 10500-Irrigation Systems $ 73,400.38 $ 1,835.01 10502-Landscaping $ 154,064.06 $ 3,851.60 10508-Expected Repairs & Maint $ 4,185.65 $ 104.64 10510-Unexpected Costs $ 167,972.00 $ 4,199.30 10602-Amenities/Perimeter Improvements $ - $ - Hard Costs 10606-Walls, Fencing, Gates, Entries $ 112,975.95 $ 2,824.40 10702-Letters of Credit/Bonds $ 178.75 $ 4.47 10704-HOA Costs $ 49,007.25 $ 1,225.18 10708-Real Estate Taxes $ 44,608.50 $ 1,115.21 10710-Burden/Absor tion $ 21,927.00 $ 548.18 Soft Costs 10712-Land Warranty Reserve $ 22,252.75 $ 556.32 TOTALS NIC ALLOCATION1 $ 1,495,574.01 $ 37,389.35 Current Bud Totals w/o Land 1 $ 1,495,574.01 $ 37,389.35 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 50 Funding Financing House Costs The construction development(house) costs includes the base house cost, water/sewer fee, permit fee, impact fee, public art fee, and closing costs. ■ Base House Costs = $5,215,453 ($130,386/unit) ■ Water/Sewer Fee = $141,464 ($3,536/unit) ■ Permit Fee = $248,560 ($6,214/unit) ■ Impact Fee = $404,086 ($10,102/unit) ■ Public Art Fee = $52,154 ($1,303/unit) ■ Closing Costs = $400,000 ($10,000/unit) r ® rTal ® f Total Project Costs and Funding Sources Below is a breakdown of the total project costs, which total $8,409,305. House Costs Total Project Costs 7P.rch.sePnce(RaWLand) Marketing Fee Pre Development/Sitework Base Direct Costs/Fees Closing Costs 200,000 $ 252,013 $ 1,495,574 $ 6,061,718 $ 400,000 $ 8,409,305 ■ Total Project Costs of$8,409,305 are 100% cash funded by the proposer (Pulte), see also Section G. ■ Per Securities and Exchange Commission filings PULTEGROUP, INC., our Total Shareholder's Equity is $5,458,180,000 (Link Below). • https://www.sec.gov/ix?doc=/Archives/edgar/data/822416/000082241620000007/a201910-k.htm • Relevant portions of this data are also found in Section M, of this proposal, f r f r Pulte will not require any tax credits, CRA subsidies, or any other financial incentives to fund the acquisition and development of the project. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 51 Tab 6 Community Utilization, Outreach, and Engagement .................. .................. .................. see fee -0- -0- 0 01 IkPu Ite G ro u i Community iliz i Outreach, and Engagement The majority of the homes will be sold to households earning between 60% and less than 120% of Area Median Income (AMI) with a few homes sold to households earning between 120% and 140% AMI. We are proposing the use of all four income categories in the Palm Beach County Work Force Housing ("WFH") Program; Low, Moderate 1, Moderate 2 and Middle. As of July 2020, per Palm Beach County,this equates to household incomes of$47,460 to$94,920 for the majority of the units which is consistent with the median income of the surrounding area.The specific household incomes for each category is as follows; Low Income ($47,460 to $63,280), Moderate 1 Income ($63,280 to $$79,100), Moderate 2 Income ($79,100 to $94,920) and Middle Income ($94,290 to $110,740). Our plans include a mix of single family detached and single family attached (townhome) prices ranging from $166,110 to $308,490 and averaging $210,011. According to MetroStudy, since 2018, only 14 new homes have been delivered at these price points within the Boynton Beach city limits. The average sales price of the 14 homes was $237,714. The vast majority of these homes have been delivered throughout public-private partnerships and have required public and taxpayer financial investments. In contrast, the Pulte plan requires no CRA or other tax dollar incentives and the average sales price will be lower ($210,011) allowing more households to qualify.Therefore, Pulte's plan will represent a 300% increase in the number of new affordable fee simple homes at no cost to the CRA. Brookwood Moderate 2 1,447 1 2.5% $213,570 Single l`V1'Pdd1e 1,447 1 2.5% $261,030 Family Cedar Moderate 2 1,662 3 7.5% $261030 Detached Middl0 1,662 1 2.5% $308,490 Hi h ate Moderate 2 1,850 2 5% $261030 g g Middle 1,850 1 2.5% $308,490 Single Navarre Low 1,636 9 22,5% $166,110 g Interior �Joderate l 1,636 10 25% $213,570 Family Grayton Low 1,637 6 15% $166,110 Attached Exterior Moderate l 1,637 6 15% $213,570 *Average sales price is based on number of units in each WFH category. Average $210,011 Pulte utilizes a variety of marketing approaches including print media, website and social media. In addition to our standard marketing tools, Pulte will work with the Palm Beach County Office of Housing and Economic Sustainability (PBC HES)to identify prospective buyers. In order to qualify via the PBC HES, buyers must attend a workforce housing orientation program which educates potential buyers on homeownership. Buyers may seek assistance from the County for closing costs, down payment assistance and other items. Pulte will work through its partner S.A. Nelson (refer to Tab 1 for bio) to engage the local community and identify prospective buyers. We will also work with the local non-profits such as Boynton Strong, the Heart of Boynton and Boynton CDC to identify prospective buyers. Pulte will work with the CRA, if desired, as well and will pay the CRA a marketing fee of 3% for each closed referral. Buyers will be able to visit a model either on or off site as well as view the plans via a website which will feature interactive floorplans allowing a buyer to place furniture to further envision living in one of the plans. Our website Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 52 Community iliz ion, Outreach, and Engagement and model will provide information on the County's WFH program. Rather than waiting for sales to start, we plan to build the homes on a speculative basis to ensure easy move-ins for buyers and continued progress on home construction. Our anticipated timeline from RFP award to final home completion is approximately three years. Project Schedule RFP Selection Procress October 2020 Our anticipated timeline is as follows. ■ Pulte will begin work upon the award of the RFP by the November 2020 CRA. ■ Upon finalizing the Purchase and Sale Agreement, Pulte will complete due diligence includingtitle work, November 2020 a survey, and geotechnical services (to meet Pulte standards). During this due diligence period, Pulte will also work with the CRA and the surroundingq/5g1 January 2021- neighborhood to refine the proposed site plan and will March 202t conduct an outreach meeting with the community. �f ■ Pulte will pursue the rezoning and site plan approvals ' ., April 2021- needed along with the engineering, site work and December 2021 platting approvals from the City of Boynton Beach and other regulatory agencies. ■ At the same time, Pulte will prepare the construction January y 022 _ plans for the proposed homes. May 2022 gi ■ Upon receipt of the site work permit and other i : November 2021_ conditions to close, Pulte will close on the land and 1 May 2022 begin site work including grading, onsite infrastructure, �� perimeter landscaping, and the new park. Once pads are ready, Pulte will begin home construction. June 2022- We anticipate starting one single family attached August 2022 (townhome) building and one single family detached building each month. Construction of the single family a7� it 5i i�7�i ss ;➢tits 1y\qt�7Vt�ii��!i attached buildings will take approximately six months lt�'�`'f�'s��,�frr�} t, May 2022 from start to certificate of occupancy while the single ,,j,,<<s',,,`r��`}', family detached units will take approximately five m� months from start to certificate of occupancy. �„ , ... , June 2022- "j= < ■ Pulte will begin marketing the homes in advance of November 2022 Kik home construction via online tools and will open its on- site sales office once the first units are complete. October 2022- (!)1 December 2023 February 2023 ®� Homes Sales Completion-TBD Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 53 Community iliz ion, Outreach, and Engagement The Pulte team realizes the benefits that come with using local contractors on a project, from knowledge of the locale to long standing relationships in the community. We also believe it is important to give back to the communities we work in, whether that is through injecting income into the local workforce or creating beautiful and relaxing spaces for that workforce to come home to. Below are the vendors who are currently located in the municipality of Boynton Beach and who are contracted by Pulte today. Notably, two of these vendors are located inside of the CRA limits. We intend for them to be a part of our team on this project, and we want to expand our vendor team who are located in the municipality of Boynton Beach as much as possible; • Advanced Drywall Installation • Builder's Specialty Contractors AL • Heritage Carpet and Tile • Ridgeway Plumbing (in CRA limits) • Specialty Engineering Consultants • The Guttersmith (in CRA limits) Team member S.A.Nelson&Associates hasfoundthat referralsfrom currentemployer partners and organizational advocates often expedite the process and lead to quicker relationship development. Their Client Services Team accesses subcontractor/vendor data from Boynton Beach, Palm Beach County,and the School District to identify local registered vendors.The Team will engage project site contractor and employer partners. Potential employer partner engagement must come from all levels of the organization, including city and contractor procurement managers. Steady communication is a key step in building a fruitful partnership. Once this relationship is established, S.A. Nelson & Associates has been able to detect, evaluate, and develop viable solutions to the organization's engagement needs. S.A. Nelson & Associates has direct knowledge of this process in Boynton Beach through the 2017 Town Square project. They led the local preference and local hiring initiative and coordination of community outreach events (labor force job fairs, and prime/subcontractor outreach)for the Boynton Beach Building Wealth program. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 54 Community iliz ion, Outreach, and Engagement i Engagement Strategy Pulte s plan includes three comprehensiveaim& pillars of community engagement; 1) community outreach during the rezoning and site planning iii FORT [_AN�DERDALE process, 2) community outreach during ROGRESSO-FLAG the bidding and construction phase and 3) Lth ' �'TORIC � G�.P � T � community outreach during the sales phase. Our pillars will ensure that local residents participate in the community planning, local residents and businesses participate in the development project F-INAmNOCIAL SUMMIT and residents have an opportunity to purchase a BUSINESS 6 REMENTIAL new home. PANELISTS&LENDERS DISCUSS THE POSSIBILITIES UNLEASHED IN THE NOR7'HWESI PROGRESSO FLAGLER COMMUNITY REDEVELOPMENT AREA. Rezoning and Site Planning Phase FREE AND OPENTO THE PUBLIC As noted in our development timeline, Pulte is JUNE 9 11 0 - � 1 ! I committed to communityoutreach and being o�fl W4TH T,- FORT g � _�� 1°09 NW 4TH 5T• FtJRT LAUDERDALE,FL 33311 a good neighbor, Building on the community 1 r+� Tornr► I outreach we began duringthe RFP response JUNE IU E � � �° 1 I' co�Mersc�cewreR phase, we will seek regular input as we finalize t°33 SISTRUNK BLVD.(NW 6TH ST.)• FORT LAUDERDALE,FL 33311 RSVP T FORTL, ERDALECRA. OM/SUMMiT the site plan and navigate the rezoning and site OR CALL(954)828-6130 plan approvals. Example of outreach event marketing collateral We plan to conduct a community outreach meeting during our initial due diligence to receive input on the site plan and refine the planned neighborhood benefits including our perimeter sidewalks, decorative pedestrian scale lighting, landscape design and on-street parking all of which contribute to traffic calming and a pedestrian focused environment on the abutting streets. Our neighborhood park, passive recreation and interconnected network of pathways and sidewalks is based on the BBCRA Plan goals. We will seek neighborhood input on the park and recreational elements as well. Pulte's plan has been carefully crafted to enhance and contribute to the surrounding neighborhood. By engaging with the community early and often, we will ensure residents have ample opportunities to provide input and shape this exciting redevelopment project. Bidding and Construction Phase Pulte's existing vendor base includes local Boynton Beach vendors including plumbing, carpet, engineering and drywall subcontractors. Working with S.A. Nelson, we will seek to broaden this vendor base as we commence bidding. In doing so,we will seek to ensure that local residents and companies benefit from the Cottage District development through job creation,workforce development and supportfor local and minority-owned businesses. We will work to identify potential trade partners via community organizations and subcontractor/vendor data from Boynton Beach, Palm Beach County and the School District, Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 55 Community iliz ion, Outreach, and Engagement i Sales Phase During the sales phase, we will work with S.A. Nelson and local non-profit community organizations such as Boynton Strong, the Heart of Boynton, and Boynton CDC and well as the CRA to identify prospective buyers. We will also work with the PBC HES to help identify and educate local residents on the path to home ownership. It is our hope that local residents will purchase a new home and become stakeholders in the future of their neighborhood. In summary, building on our initial efforts, we plan a robust community outreach and engagement program during the entire lifecycle of the project. We've highlighted some of the initial community organizations and businesses we plan to work with. Finally,as outlined above,we will continue community engagement throughout the timeline and add new vendors and partners. Heart of Boynton kk Boynton Strong Boynton CDC Pathways to Prosperity 1; 1 Ridgeway Plumbing kk The Guttersmith Builders Specialty Contractors Heritage Carpet and Tile Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 56 Tab 7 Financial Capability and Stability .................. .................. .................. see fee -0- -0- 0 01 IkPu Ite G ro u i Financial Stability and Capability 7 r ® f f f r f Proof of Pulte Group's financial capability is included in this submittal package in a separate sealed envelope for confidentiality. Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 57 Financial Stability and Capability E_'PulteGroup COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT-LITTER OF INTENT October 20,2020 T Boynton Beach CRA Subject: COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT - LETTER OF INTENT This letter serves as a Letter of Intent(Ltll) for Pulte Group to enter into contract negotiations to acquire- 4.346 acres of land,located in the City of Boynton Beach in Palm Beach County, FL,shown on the next page.The parcels have a future land use and zoning of Medium Density Residential (M DR) 17 D.U./Acre and R2 Duplex, 10 du/ac. Ouroompany has the ca ital :o complete,this tian action and we mill not include any 3rd party lending.=rovals or BBCRA financial incentives as part of our offer to Durchase. We look forward to hearing from you and assure you we are prepared to act quickly to arrive at a mutually acceptable contract. Respectfully, Pulte Horne Company,laic Andrew Maxey VP of Land Acquisition Southeast Florida Division Cc: Brent Baker,Southeast Florida Pulte Group, Division President Cc Eliot Goldstein,Southeast Florida.Pulte Group,Land Acquisition Manager Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 58 Financial Stability and Capability 7 Alk. .AEEL J[PulteGroup COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT—LETTER OF INTENT 1. Property Description. Tice property consists of±4.346 acres of land located in the City of Boynton Beach in Palm Beach County,FL,shown below.The parcels have a future land use and zoning of Medium Density Residential (MEDR) 11 D.U,/Acre and R2 Duplex, 10 du/ac. 2. Workforce Housing.It is Pulte's intent to construct and market the residential units at a workforce rate, as defined by the Palm Beach County Workforce Housing Program, which will be subject to maximum sales prices,as defined by AMP.The units sold at this rate will be subject to a deed restriction which runs with the property. 3. No Subsidies.Pulte will not require any tax credits,CRA subsidies,or any other financial incentives to fund the acquisition and development of the project 4. Price Determination:The purchase price paid at closing is$200,000,based on a proposed density of 40 total home sites consisting of 9 single-family homes and 31 townhomes. 5. Marketing Fee:$252,013($6,300/unit),estimated value,commonly referred to as the "BBC RA Marketing Fee",equal to 3%of the sale price.This fee will be paid at each home closing where the BBCRA has referred a qualified buyer who meets the AM]criteria of the Palm Beach County Workforce Housing Program, 6. PSA:Both parties agree to work together to execute a mutually acceptable Purchase and Sale Agreement(PSA)within(90)ninety days after the parties execute a mutually acceptable LOI 7. Deposits. First Deposit:$10,000 deposit is due within seven(7)business days after the parties execute a mutually acceptable LOO,and is non-refundable to Pulte.The First Deposit is to be creditable against the total Purchase Price at Closing. 4400 PGA Blvd.,Sul te 700 Palm Beach Gardens,FL 33410 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 59 Financial Stability and Capability 7 N %ReGrOLIP COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT-LETTER OF INTENT 8. Second Deposit:Upon the end of the Inspection Period,Buyer will deliver,within five (5)business days,an additional Deposit to Escrow Agent in the amount of$40,000, bringing the Total Deposit to$50,000.The Second Deposit is to be creditable against the total Purchase Price at Closing and will be non-refundable,subject to the Conditions to Close. 9. Inspection Period, Pulte will require 60 days from the signing of the contract in which to investigate the property at Buyer's expense. Pulte shall have the right to buy(1)45- day extension by paying$5,000 in cash directly to the seller. The payment will be non- refundable and applicable to the purchase price. 10.Closing Schedule- Pulte shall close on the property 30 days after the Conditions to Close are fulfilled. 11.Conditions to Close. a) Final site plan approval(non-appealable form)for a minimum 40 units b) SFWMD ERP Permit c) Sitework and utility permits from the City of Boynton Beach 12.Exclusivity.Upon execution of this LOI,Seller agrees not to enter into any agreement with any other buyers. 13.Closing Costs and Proration. Each party will pay its cost of document preparation and attorney's fees. Seller is to pay for documentary stamps in connection with the conveyance of the property. All real estate and personal property taxes,leases,and other related costs shall be prorated as of the date of the closing. 14.Broker. Both parties acknowledge that there are no broker commissions associated with this transaction. 15,Authorized Signature.Sellers`authorized representative shall provide documentation to Buyer for proof of their authorization to execute documents. This letter is not intended to create legal commitments binding upon either Pulte or the Seller. Said parties shall become legally bound only if and when they execute a mutually acceptable contract. If the foregoing is acceptable, please indicate your approval by signing this letter in the space provided below and return one signed copy to Pulte at the address shown on this letterhead. Upon receipt of the acceptance, Pulte will commence preparation of a mutually acceptable written contract. Sincerely, IP111695-1 A :W Nam �j>r� Marne; /-A . _ /0 Date: I Ozofta-o 4400 PGA Blvd,,Surto 700 Palm Beach Gardens,FL33410 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 60 Financial Stability and Capability 7 ■ ATTACHMENT"G" DISCLOSURE AND AUTHORIZATION TO PERFORM CREDIT CHECK ■ ATTACHMENT"H"AUTHORIZATION TO PERFORM CREDIT CHECK ■ ATTACHMENT"1"AUTHORIZATION FOR RELEASE OF INFORMATION Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 61 ATTACHMENT"G" HIIFC M CREDITC EC An authorization to Pei-form Credit Check will need to be completed by each Principal/towner. Far pLinCipill JOwner; Pleas. t frtn for each rind al own r As Principal/Owner of Proposer, l _ [name] hereby affirm 1 have read the above disclosure, and consent to and authorize the Boynton Beach Community Redevelopment Agency's "BBCRA") investigation into my credit.worthiness.Such consent and authorization is given with respect to any and all persons who may conduct all investigation of my credit worthiness on behalf of the B3C'RA, 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 FS.,and l may request a copy of any information provided to the BBCRA as part of the BBCRA"s investigation into my credit worthiness. I grant 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.. I hereby waive any and all claims,past present or future,which I may have against the BBCRA. by reason of any credit investigation made Pursuant to my consent and authorization herein given to the BBCRA. Proposer Name:. Principal/Owner Name: Date of Birth: Current Horne Address: Previous Home Address.-- Email: ddress;Email: Phone#ft Signature; Date Print Name: :,yd,,:, Page 30 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 62 ATTACHMENT"H" AUTHORIZATION TO PERFORM CREDIT CHECK For Proposer(Business E-n-t-i-ty_J-,, The proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's{"BBCRA")investigation into the creditworthiness 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 Fis, 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, FL)L* ttMe 4VU-C— Proposer(Business)Name(D/B/A if applicable): A4P6-fAY Current Business Address: 440D PC*A S;O PX-AA FederalTax lD# State of Incorporation: j 1VD TD Phone#: r?Vt- —ti-l00 F ax#: t - t r-wIPA Authorized Signature: Date: 10 A Print Name- .ATitle: 1 rVO A) ,11 MIJ," Page 31 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 63 ATTACHMENT"I" AUTHORIZATION FOR RELEASE OF INFORMATION To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character,or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the business identified as"proposer"below. BV: A14brWA MIVV'- STATE OF FLORIDA COUNTY OF PALM BEACH THE FOREGOING INSTRUMENT was acknowledged before me this---- day of wlioi�Cef.ian--al-fy—known to. e or who has respectively produced as identification and did not take a�n-6AIi—.——1-1--t-fill " ) Notary Public:(. )2 ( ,i .,- U Notary PUbNC State of Print Name: VL-:c �-Cixr j be r N** EK ar Commission No: G 6,7 1 '8�15 1 -7 (Seal) Andrea Lambe;l MY COMMPS310n GG 104517 MyCornmission Expires: (D- L2L;1 �,2 EWras OZ2W2022 Name: MmOt'o I-1 u me Address: \tjnK�. 4-4-CD 1?e1,4 gk�soqp- W Home Telephone Number: 90(-117 A I-D Business Telephone Number: Fax Number: Date of Birth: Professional License Number: Proposer(Business) Name: ,135354,. Page 32 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 64 Financial Stability and Capability 7 r PULTE How ComPANY, LLC 4400 PGA BLVD., SUITE 700 PALM BEACH GARDENs, FL 3341: October 16,2020 To: Boynton Beach Community Redevelopment Agency Re: Cottage District Infill Housing Redevelopment Project, Requirement 12p To Whom It May Concern: This letter is being submitted in connection with the above-referred RFP and Requirement "p" under Section 12 of the RFP"Required Elements of Proposal,"which requests a list of all civil and criminal legal actions in which each proposer entity is currently a named party or was a named party in the past four years. The credit report for Pulte Home Company,LLC,shows some claims against Pulte Home Company,LLC and its predecessor in interest Pulte Home Corporation. By way of explanation, Pulte Home Company, LLC, is a subsidiary of PulteGroup, Inc. The predecessor in interest of Pulte Home Company, LLC is Pulte Home Corporation, which converted into Pulte Home Company, LLC on December 31, 2016 in its home state of Michigan. Pulte Home Company, LLC has been properly authorized to do business in the state of Florida. PulteGroup, Inc., is a publicly-held holding company traded on the New York Stock Exchange (p.3 of 2019 Annual Report). It is one of the largest homebuilders in the United States (p. 3 of 2019 Annual Report).PulteGroup,Inc.,was organized in 1956 and homebuilding is its core business(p.3 of 2019 Annual Report).Over its history,the company has delivered nearly 725,000 homes(p.3 of 2019 of Annual Report). As of December 31, 2019, Pulte Group, Inc., had homebuilding operations in approximately 863 active communities (p. 4 of 2019 Annual Report). As of December 31, 2019, PulteGroup, Inc., conducted operations in 42 markets located throughout 23 states. (p. 3 of 2019 Annual Report). Due to the fact that Pulte Home Company,LLC,is part of a national company with markets in many states in the U.S.,it would be virtually impossible to obtain details as to each and every contract,agreement and claim, and proof of satisfaction or payment agreements for each and every pending lien,judgment or suit that may appear in its credit report.The existence of pending liens and suits at any given time is incidental to the ordinary course of business for any national company. Moreover, the existence of pending liens or suits does not necessarily indicate company liability. As noted in the company's Annual Report, PulteGroup, Inc., and its subsidiaries are "involved in various legal and governmental proceedings incidental to our continuing business operations,many involving claims related to certain construction defects.The consequences of these matters are not presently determinable but, in our opinion, after consulting with legal counsel and taking into account insurance and reserves,the ultimate liability is not expected to have a material adverse impact on our results of operations,financial position,or cash flows...."(p.15 of 2019 Annual Report). Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 65 Financial Stability and Capability 7 r 'PL,rl te, PALM ErEACH G-ARDENS, FL 334UD P'UNT'E HOaftf CoMPANY, LLC 00 PGA L t It , S 1 Tr ;its The financial results of Pulte Home Company, LLC, is reflected in PulteGreau , Inc.'s, 2019 Annual Report, which has been submitted with this application. As nestedin PulteGrou , Inc.'s, Annual Repo{-, as of December 31 2019,the company had unrestricted cash and equivalents of$1.1 billion. (p.33 of Annual Report). Also, as noted in PuiteGrraup, Inc.'s,Annual Report, Pulte borne Company, LLC, is part of a long- established—over 64 year old—family of entities with revenues in the rrailiiQras of dollars. The reason for requesting company financial information in connection with construction licensing, is to reflect the entity's financial responsibility and stability. As noted above and in the attached docuroentatron, Pulte Home Company, LLC, is a long-established, financially responsible and stable company that is willing and able to meet its obligations. We h6eve that we have made a grind faith effort to respond to the best of our abilities to the requirements regarding disclosure of legal auctions involving Pulte home Company, LLC, Accordingly, we e respectfully request that Section 12p of the RFP be deemed sufficient based on this letter, sinc fe1y', Scott I.e=lements Vice President and Area General Counsel Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 66 Tab 8 PowerPoint Presentation .................. .................. .................. see 0 fee -0- -0- 0 01 co u t e r o u i PowerPoint Presentation NWft Add r u It el k;ottage Dis, I Infill Housing Development Pr 'ect Oil -0 - - -----------:,»:... �. � ... 0 ....................... The Pulte Group The Pulte Home Company team has over 60 years of experience developing in Palm Beach County. Andrew Maxey, Patrick Aimee Brent Baker LEED AP BD+C Gonzalez, PE Carlson, AICD Division VP Land VP Land Director of President Acquisition Acquisition Land Planning 18 Years of 9 Years of 14 Years of 25 Years of Experience Experience Experience Experience Boynton Beach CRA Wage Distretinfill Housing Redn't1opffmnlProjed Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 67 PowerPoint Presentation Pulte has a 60-year history in Palm Beach County and is one of the biggest homebuilders in the market, on pace to close 750 new homes in Palm Beach County in 2020. Pulte is constructing an all workforce housing community,Merry Place, the first of its kind for any market-rate homebuilder in Palm Beach County. Pulte is proposing to fund the acquisition, development, and construction of all 40 residential units with no financing contingencies,CRA subsidies,or any I , other tax credit source. Ul Pulte estimates a total payment of$452,013 to the CRA over the life of the project through a combination of the land purchase and a 3% marketing fee. Pulte has existing vendor contracts in place with 6 subcontractors in Boynton Beach,two of which are within the boundary of the CRA. Our goal is to create more relationships with local vendors through community engagement efforts. BoynionBeach GAA Cottage DIstricl Infill Housing Badeiridopmnt Project IN 10 iilllliili��lillll Si 0 , The Pulte plan for the Cottage District includes: Combination of detached and attached single Planned trees exceed minimum size and caliper family,fee simple homes requirements One-and two-story units Included pocket park on the east side of the site All home prices ccmplywith Palm Beach County's workforce Use of existing streetlights and new housing plan installation of complementary design All homes complywith the energy efficiency guidelines On-and off-street parking outlined in Attachment F Five-foot-wide sidewalk around perimeter,as Architectural designs are consistertwith the BBCRA:s well as around the park Mediterranean Revival and Frame Vernacular style outlined in the BBCRAPIan Boynton Beach GRA Cottage Disirctinfill Housing RedmlopinenlProject Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 68 PowerPoint rese i v Single Family Brookwood 2 1N irii�t - lv ' Detached Cedar 4 t° Highgate Nhate 3 Navarre 1 A' - - ' •' Single Family 19 Attached (interior units) j2-Story Gra on 20' �i Townhom12 e) r (end unrts) � Total Units Proposed 40 Density 92dufac [ a'�1 s — ) the V p 9 �t4 8nynton Beach CRA Cottage Qislrict lnfh Housing Redevelopment project a Florida Mediterranean Consistent with the BBCRA Plan's Mediterranean 2{,� � Revival style BN't 111 tai itkiyi'Y, includes one and two-story structures,stucco finishes, gable and hip roofs with shingle tiles, window and door surrounds,decorative horizontal �'ituzH (^ banding and graceful arches Select plans also include columns and corbels z Florida Coastal Draws from Boynton Beach's coastal identity and is N� consistent with the styles identified by the BBCRA Features stucco finishes, board and batten detailing, gable and hip roofs with shingles,rafters and decorative banding •` �� i ' Single family units will be offered in both architectural styles while the townhomes will be in the Florida Mediterranean Boynton Beach CRA Cottage gislnctlntillHousing RedevelapmenlFrojed Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 69 PowerPoint rese i . . . . . PATIO t y°:IPP CAR FI'd'x9'.19r gWNER9'SUPTE ATHERIHG ROOM trs.le'•x r. �. :• a iT'. ',�� ------------ Ell —_ll.., KRCHEN _ (,,. WI r�' ATH �'•i SingleBw L Family 2,02€3 1,447 [Detached sq ft sq,ft 3 2 13`9„ 2 car z BEDROOM 2 F1 61'�s IVd` (1-Story) FOYER 2 CAR GARAGE Option of Covered Lanai PORCH BEDROOM 3 Boynton Beach CRAC(nage Blsldct Infill Housing Redevelopmnt ProgeM a i OWNER'SSUITE i CAFE is$a!a-VP 11'8'M 13'T r i . 4 Y R 7HER ERINO RS7C7M.. Single uH BEDROOM Family 2,267 1,662 Detached sq ft sq ft 3 2 13,9" 2 car (1-Story) '` __._. 2CAR GARAGE FOYER :BATH2 i Option of Covered Lanai ExtensionI"�z BEDROOM 3 Boynton beach CRA Go7Cage Blslrot IrdiR Housing Rodevolopmont Prajoc[ Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 70 PowerPoint rese i LANA! a otrs OWNER"$1191 GArHE Ljrl Rvoh# CAFE -------------- - . . . - � o `•�R= � is _ � J KITCHEN LAUN. Single :. Family 2,399 1,850a�°a , Detached sq ft sq ft 2 13"9" 2 car 3 BEDROOM � t:rtcRb' '- ( ttr.rat•s (1-Story) Option of Covered Lanai Extension FOYER ,.BniN z ��GEBEDROOM 3 _ -1-- Boynton Beach CAA Cottage Bistrld Infig Housing Redevelopment project a -W,Wo i ^i Gra ton O1siC Tct}dM a.a � KasiG 01EE7 F C GA.=MNG ROOM 12°-2x14-2" (Exterior Univ 15-13°xT2"-T° 9SU[['4� r" �x11"s wlc — tivrc x&rKa N t 4 . BA2 BEDROOM 2 Navarre Rt>AM (interior Univ w 2CAR GARAGR 8'•1e"x 13=2" .. '• CARACe DRDOM 29,9'4" tfE _ e Single Family Navarre 18' 11,874 sq ft 1 1,636 sq ft 3 2.5 25`3" 1 car 19 Attached Grayton 20' 12,084 sq ft 1 1,637 sq ft 3 2.5 25`3" 2 car 12 Boynton'Beach CRA cottage Bistrct infill Housing Redevelopment Project Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 71 PowerPoint rese i Total Project Casts of$8,409,305 are 100% cash funded by the proposer(Pulte). Total Project Costs Purchase Price(Raw Lands Marketing Fee Pre Development JSitework Base Direct Costs J Fees GlosingCosts $ 200,000 $ 252,013 $ 1,495,574 $ 6,061,718 $ 400,000 $ 8,409,305 The total purchase price based is equal to the purchase price paid at closing,plus the BBCRA marketing fee equal to 3%of the sale price paid at each eligible unit closing. Total Purchase Price=$452,013 ($11,300/unit) Purchase Price Paid at Closing=$200,000($5,0001unit) BBCRA Marketing Fee(3%of Unit Sales Price)=$252,013($6,3001unit) Pre-Development 1 Siteork Costs= $1,495,574 ($37,389/unit) DoMoti Beach CHACottage District Infill Housing Redeveloponentproject The Pre-Development costs are separated into Pre-Development Casts three main cost bucket's: a�fl�La�tl=undcelaP rte' x,51 a �'", xcitrs,fl„ oto--cla iia �u�a'r_<n 9 19.31' 9 flze 1 1,Engineering/Pre-Acquisition 9198In,erea E 1�� tfl199-9r Rrw Fee 2.Hard Costs 9202-LgaIF 28,1: 2a 23 eTa 3.Soft Costs 1Ma-ImPac2ffas Fees, 5 192K-C co-,eimburse_t 5 192x2 N1unic I= F 5 1 a.s M s 027 as The construction development(house)casts 9292P�im 5 r, �y /� g water/sewer �p / ytt/ E1gir-�i1gF 1931 L-F nalE %LSI 5 '133 T/342 S 3,34434: includes the base house cost, VYater/se YNer fee, Pra3 C 19328-Sail& entalT t 18058.31 S 4514?- +fin n 19488-PsnalR o-n n 5 permit fee, impact fee, public art fee, and 194'.=-Earth�'la -9 '..R k 9 138094.33 IS 3.48011 1948-Sediment Eros an Canbo-1 $ 14'..50.?5 5 3^.P 52 closi,nleP+gyy..g in,ryentp. 104 8-9an'nar}S IS".Sy S 14a 89a78 5 3.59084 ng costs. tfl442-Sto'rts H e;Sy.s tem 5 70 832 5 1;772 31 Base House Costs=$5,215,453($130,3861unit) fl'8 Pa g i'stem S 1Cza4_.94 9 1.171.17 194335iden•L 9. 14 E41.M 9 a 2 51 Water/Sewer Fee=$141,464($3,5361unit) 104M-El—,Cetubuli.. 9 41W 14 5 1,02e513 ,aria-offaltg 5 5 Permit Fee=$248,560($6,2141unit) aa9�Reims, 5 = 5 1049'&-Eheiraranental 5s ues 5 Impact Fee=$404,086($10,102funit) QQQM ati�s-,,tea 9Y 734QQ. 9 x3bQ, 1980e:-Lantls ra PlnB S 184084.98 S 3.551 89'... Public Art Fee=$52,154($1,3031unit) ��&-Expects R-4,&Maine 5 4,,85.E5 S 104e4 10519-u'nex"edCests 187'.972x95 Closing Costs—$400,000($10,0001unit) Ra,dCs ,031— al, FPM.Gatea°E. 5 2975 5 2:82440 10792-LH.of Credlte9and, 9 178.E 5 4 S7 10704-40AC 6 5 45007251 5 1,225.18 19799-Reel Estate Taxes Is 449 5 1,11521 40710-EvtleNh!x«pem 5 21,92'r 88 3 548 18 Stlt Casis 1-12-Lantl.JYartant R:es erv£ 5 222522`•• S 5.x£32'.. TOTALS NYC ALLOCATIONS 1,495574015 'r,389 a5: N'Ratl TataS'x%a Land 8 '1,-055,57481 5 27,38935'' Boynton Beach CRA Cottage Distinct Infill Housing RudevelopwittProject Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 72 PowerPoint rese i S.A. Nelson &Associates led the local preference and focal hiring initiative and coordination of community outreach events(labor force job fairs, and prime/subcontractor outreach)for the Boynton Beach Building Wealth program. Pulte has existing contracts with 6 vendors located in Boynton Beach–2 of those within CRA bounds. The Pulte team plans to utilize S.A. Nelson's experience to expand our local vendor team for this project and future _ projects. i Boynton Beach CAA Cottage DIAHct Infill HouRng Redevelol Project 0 � 4 We plan to employ a robust community outreach and engagement program during the entire lifecycle of the project. We will continue community engagement throughoutthe timeline and add new vendors and _ Heart of Boynton 1 ` partners. Boynton Strong Pulte's plan includes three comprehensi"re pillars i Boynton CDC. of community engagement: w Pathways to Prosperity . ... .l ... �' _ 1)community outreach during the rezoning and site __ _. _--- _ planning process itdge ay Piurnting --- The _ _ The Guttersmith , 2)community outreach during the bidding and — -_ — -- -- -- construction phase Builders Specialty Contractors 3)community outreach during the sales phase. l leritage Cai pret and Tile The initial communityi organizations and businesses we plan to work with RoyntonBeacti CattageBistriHousing Redeve4aprrasntPraJee[ Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 73 Tab 9 Additional Information and Forms .................. .................. .................. see 0 fee -0- -0- 0O3 01 11vu Ite G ro ui� i I The below executed forms are found on the following pages. ■ ATTACHMENT"C" PROPOSER(S) INFORMATION ■ ATTACHMENT"D"ACKNOWLEDGMENT LETTER ■ ATTACHMENT"F" ENERGY EFFICIENCY GUIDELINES CHECKLIST ■ ATTACHMENT"J" PUBLIC ENTITY CRIMES STATEMENT ■ ATTACHMENT"K" CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM ■ ATTACHMENT"L"ADDENDA ACKNOWLEDGMENT ■ ATTACHMENT"M" CERTIFICATION OF NON-SCRUTINIZED COMPANY Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 74 ATTACHMENT"C" PROP05ER(S)INFQRMATION Name: P 0 L-Tt- roll, Street Address. 4140D ?C*A SWO, -SQI-X� -700) Mailing.Address(if different): City,state,zip: -PAI,'' 4 i= AVDf-,3--,4 FL, 3?,440 Telephone No.-S(01-Z0(9-1+10 : Fax No: Email Address of Contact Person: I . 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. Age of Organization-In continuous business since: 191,E 0 PO) Leadership-List Corporate Officers,Principals,Partners or owners of your Organization with titles and addresses, If a publicly held company,list Chairman of the Board,CEO,and President: Federal Identification No..,— State of Incorporation &Registration No.: FO&COO, AQWk-C(;-0 -M cx) RA)9tzikz kil) FIAMPA If not a corporation,explain your statu st Page 20 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 75 ATTACHMENT"D" ACKNOWLEDGMENT LETTER PROPOSER(S)SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE Re: Boynton Beach Community Redevelopment Agency Request for Proposal/Request for Qualifications(RFP/RFQ)dated August 17,2020 Cottage District Infill Housing Redevelopment Project 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 August 17,2020.On behalf of proposer identified below and 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 1313CRA'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 met and all required documents are enclosed. We further certify that all information presented in this proposal,and all of the information furnished in support of the proposal,is true and complete to the best of our knowledge and belief, and we are aware of the fact that making false statements or presenting false information that results in an Agreement may be penalized to the maximum extent allowed by law, Sincerely, R)L'TE Hi6m It COMAfzy L'L Name of Proposer Jkopg�fwAAAXE- ce (W,!�rpjf—44p �"tASn ION Y, t Print Name and Title 15ZZZ Authorized Signature Date Page 21 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 76 ATTACHMENT"F" ENERGY EFFICIENCY GUIDELINES 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 Proper installation of insulation to ensure even temperatures throughout the house per _/FBC-Residential requirements M Installation of high performance impact windows per Florida Building Code (FBC)- _ Residential requirements V/Installation of energy-efficient HVAC systems - Energy Star compliant V Installation of new Energy Star compliant products including light fixtures, LED bulbs, ventilation and exhaust fans and appliances (refrigerators, dishwashers, and washer/dryer machines) Improved Indoor Environments M/Building envelope, duct systems and vents must be properly sealed to prevent cracks and holes V/Carpet, pads, and other surface materials and installation must comply with the Carpet -/and Rug Institute's Green Label Certification M Utilization of only low Volatile Organic Carbon paints, finishes, and sealants M Utilization of proper water vapor barrier and other applicable sealing methods to _ eliminate any possibility of mold V/Installation of programmable thermostats in all units Inccreased Water Efficiency M Installation of low volume, non-spray irrigation system Incorporation of landscape practices recommended by the University of Florida's Florida Friendly Landscape Program (http://fyn.ifas.ufl.eduZ) and compliance with the Landscape Regulations of the City of Boynton Beach. V/Installation of low flow toilets and sink faucets 01353549-2 Page 29 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 77 ATTACUMENT")- 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 em:4 in excess of the threshold amount provided in Section 287,017,Florida Statutes,for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that proposer has not been placed on the convicted vendor list within the past 36 months and complies fully with the above requirements, comw Let-(, Proposer Name Authorized Signature 8��w MAxe-Y Print Marne 'jj cf- 1 rL?OD Title I Date "IN535-1',2 Page 33 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 78 ATTACHMENT"IV' CERITFI[CATION OF DRUG FREE WORKPLACE PROGRAM I certify that pU j WAPY , the proposer responding to this RFP/RFQ, maintains a drug-free workplace program,and that the following conditions are met: (1) Proposer publishes a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance is prohibited in the workplace;and specifying the actions that will be taken against employees for violations of such programs. (2) Proposer informs 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) Proposer gives each employee engaged in providing the commodities or contractual services included in this RFP a copy of the statement specified in Subsection (1). (4) In the statement specified in Subsection (1), proposer notifies the employee that, as a condition of working in the commodities or contractual services covered under this RFP/RFQ, lie/she will abide by the terms of the statement; and will notify the employer (Proposer) of any conviction of, or plea of guilty or nolo contendere to any violation of Chapter B93 or any controlled substance law of the United States or any state,for a violation occurring in the workplace no later than five days after such conviction, (5)Proposer imposes a sanction on,or requires 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) Proposer makes a good faith effort to continue to maintain a drug-free workplace through implementation of this Section 287,087,Florida Statutes. As the person authorized to sign the statement, I certify that proposer complies fully with the above requirements. Authorized Signature., Date—OUZO Name&Title(typed) A v-v---o fAAWr.....V 10E P(?POe/,3T-LAW3 ACO O&MWAJ '"MS-2 Page 34 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 79 ATTACHMENT"V AD12ENDAACKNQWl. j !GEMENT Receipt is hereby acknowledged of the following addenda to the The Boynton Beach Community Redevelopment Agency Request for Proposals and Developer Qualifications Cottage District Infill Housing Redevelopment Project By entering checking AYES or NO in the space provided and indicating date received. No.1 Yes No Date 10/14/2020 No..2 Yes to Bane No,3 Q Yes 0 No bate No.4 0 Yes El No Date No.5 E] Yes No bate RFP/ Q INFORMATION WAS OBTAINED FROM: ® BBCRA Welasite ® Newspaper Ad L' City Hall F] Other,please specify: Authorized Signature Print Name Title Date 01153549.^ Page 35 of 3 Boynton Beach CRA j Cottage District Infill Housing Redevelopment Project 1 8 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 80 ATTACHMENT"M" CERTIFICATION OF NON-SCRUTINIZED COMPANY cbmipw , as Proposer, hereby certifies that it is not on the Scrutinized Companies that Boycott Israel List created pursuant to Section 215.4 25, Florida Statutes, and is not engaged in a boycott of Israel. If the BBCRA determines that this certification is falsified or contains false statements,or that proposer is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the submittal of the Proposal or the execution of any agreement arising out of this RFP/RFQ, the BBCRA may disqualify the Proposal and/or terminate the agreement. NI-IC Proposer Name By: Authorized Representative of Proposer Date! 10 STATE OF CCUNTYOF SWORN TO and subscribed before me this ��'day of 20� by A'A-)C &_t moi_ . Such person (Notary Public must check applicable box): t\,Kis personally known to me produced their current driver license produced as identification. Pubuc S AAd rt ::,dfea Lamt� C my coffonisswn ", Ex (NOTARY PUBLIC SEAL) Notary Public of P#gs 02a')12022 (Printed,Typed or Stamped Nanne of Notary Public) 035314",-1 Page 36 of 36 Boynton Beach CRA Cottage District Infill Housing Redevelopment Project 81 Y �ti 1 tS�SSrt)�f� N"' ',,�,' R mm,BEACH ............................... w,w,w,w,w w,w,w,w,w w,v�,w�v..Y. �",;; .............. ••• O • O O 3 Pulte Home Company, LLC Andrew Maxey, VP Land Acquisition 4400 PGA Blvd., Suite 700 Palm Beach Gardens, FL 33410 561-206-1410 andrew.maxey@pultegroup.com a n ', �� f ; r _ r.; 1 't i t r' n a 4— ... "N......... = n g s . 1 f { 1 1 1 _ r ' ill a ................... t; 4 _..... �. ........... � i I............. ...ti.... ..,r.,..0... f L.............. 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SUBJECT: Purchase and Development Agreement Status on Ocean One Boynton, LLC SUMMARY: The Boynton Beach Community Redevelopment Agency ("BBCRA") entered into a Purchase and Development Agreement with Ocean One Boynton, LLC ("Developer") on January 16, 2018, for the BBCRA owned property located at 222 N. Federal Highway for the amount of$1,000. The closing and transfer of property ownership to the Developer occurred on February 24, 2018 (see Attachment ) . Under the terms of the Purchase and Development, Section 18.2 requires the Developer to commence construction of the public plaza on the CRA's parcel within 12 months of the expiration of the Commencement of Construction period which equates to January 16, 2021. The Ocean One Project received site plan approval from the City of Boynton Beach City Commission on April 17, 2017. If completed, the Project would consist of 231 multi-family residential rental units, parking structure and 8,600 (+/-) square feet of commercial space (see Attachment II). In addition to the sale of the property, on January 16, 2018, the BBCRA entered into a Tax Increment Revenue Funding Agreement (TIRFA) with the Developer to provide funding incentives to the Developer by sharing a percentage of future tax increment revenue generated by the completion of the Project over a period of eight (8) years (see Attachment III). Under the terms of the TIRFA, Commence Construction of the Project would occur within two (2) years of the TIRFA's Effective Date, January 16, 2018. As of the date of this meeting, Commencement of Construction has not taken place nor has the City of Boynton Beach received a permit review application. On April 15, 2019, the BBCRA received a request from the Developer's attorney, Ms. Bonnie Miskel, stating that the Project had notified the City of Boynton Beach and received an extension of the site plan approval until March 2, 2023 (see Attachment IV). At their January 6, 2020 meeting, the BBCRA Board approved a First Amendment to the TIRFA extending the termination date an additional year to a total term of three (3) years, thereby revising the termination date to January 16, 2021. The CRA received a letter from the Developer's attorney, Bonnie Miskel on January 5, 2021, notifying the Board of his desire to let the TIRFA expire on the termination date of January 16, 2021 (see Attachment V). In addition to the notification of his desire to allow the TIRFA to terminate, Ms. Miskel has indicated in her letter that the Developer is seeking a six (6) month extension from the Board on the Commencement of the park area as described in the Purchase and Development Agreement. FISCAL IMPACT: Under the terms of the TI RFA, if completed, the percentage share of the Project's Tax Increment Revenue shall be paid to the Developer as follows: Years 1 —7, Seventy-five percent (75%) of the Pledged Project Increment Revenues; and, Year 8, Fifty percent (50%) of the Pledged Project Increment Revenues. CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: To be determined by the CRA Board. ATTACHMENTS: Description D Attachment I - Purchase and Development Agreement D Attachment II - Project Description D Attachment III -Tax Increment Revenue Funding Agreement D Attachment IV -April 15, 2019 B. Miskel Letter D Attachment V -TIRFA FirstAmendment, Feb. 2020 D Attachment VI -January 5, 2020 B. M iskel Letter PURCHASE AND DEVELOPMENT AGREEMENT This Purchase and Development Agreement (hereinafter "Agreement") is made and entered into as of the Effective Date (hereinafter defined), by and between BOYNTON BEACI I COMMUNITY REDEVELOPMENT AGENCY, as public agency created pursuant to Chapter 163,Part 111.ofthe Florida Statutes(hereinafter,-SELLER")and OCEAN ONE BOYNTON,LLC (hereinafter, "PURCHASE-11"), lticonsidei-atioiiofcite mutuaf covenants and agreements herein set forth,the Parfieshereto agree as follows: 1. PURCHASE AND SALUPROPERTY. SELLER agrees to sell and convey to PURCI-IASL.R, and PURCHASER agrees to purchase and acquire from SELLER. on the terms and conditions hereinafter set forth.the Property which consists of a parcel located in Palm Beach County, Florida as more particularly described as follows(hereinafter,tile -Property"): See Attached Exhibit "A." 2. PURCHASE PRICE AND PAYMENT. The Purchase Price to be paid for the Property shall be Ten Dollars($10.00),receipt of which is hereby acknowledged.The parties agree that SELLER is conveying tile Property to PURCHASER for the construction of mixed- use development as set forth in the Site Plan attached hereto as Exhibit "B." (tile "Development Project"). SELLER has complied with Section 163,380, Florida Statutes. in proceeding with tile sale of the Property to PURCI IASER. 3. QEPQSIT $).000-00.to be paid to Closing Agent as hereinafter defined within Five(5)days of the EMective Date,which shall be nonrcrundable unless otherwise provided herein, and shall be credited against Buyer's costs at closing. 4. E17FECTIVE DATE, The Effective Date of this Agreement shall be the date when the last one of the SELLER and PURCHASER has signed the Agreement. 5CLOSING. The purchase and sale transaction contemplated herein shall close within sixty (60) days from the Effective Date of this Agreement, unless extended by other provisions ofthis Agreement or by written agreement,signed by both parties.Notwithstanding the agreement, the Closing shall occur no later than one year from the Effective Data.. 6. TITLE TO BE CONVEYED. At Closing.SELLER shall convey to PURCHASER, by Special Warranty Deed in a form substantially in accordance Nvith Exhibit"C"attached hereto, and complying with the requirements of the`title Commitment (hereinafter defined), valid,good, marketable and insurable title in fee simple to the Property, free and clear orally and all liens, encumbrances, conditions, easenwnts. assessments. restrictions and other conditions except only the Following (collectively, tile "Permitted Exceptions"): (a) general real estate taxes and special assessments For the year orClosing and subsequent years not yet due and payable: (b)covenants, conditions, casements, dedications, rights-of-way and matters of record included on the Title Commitment or shmkn on the Survey(hereinafter defined),to which PURCHASER foil$to object, PURCHASE AND Dr:;VEI,.OP,\,11-'.N'I'AGREtENI Page 2 of 77 or which PURCHASER agrees to accept. pursuant to Section 7.1 and Section 7.2 hereof. 7. INVESTIGATION,017 TFIE PROPER'ry, Within thirty(30)days of tile Effective Date (-Feasibility Period"), PURCHASER and PURCHASER'S agents, employees, designees, contractors, surveyors, engineers, architects, attorneys and other consultants (collectively. "Agems"), shall have the right. at PURCHASER'S expense, to make inquiries oCand meet with members ol'Governmental Authorities regarding the Property and to enter upon the Property, w any time and From ti-ne to time with reasonable notice to SELLER and so long as said investigations do not result in a business interruption, to perform any and all physical tests, inspections, and investigations or the Property. including but not limited to Phase I and Phase 11 investigations, which PURCHASER may deem necessary. During this Feasibility Period, PURCHASER may elect, in PURCHASER'S sole and absolute discretion, to terminate this contract, If PURCHASER elects to terminate this Agreement in accordance with this Section. PURCHASER shall: (i) leave the Property in substantially(lie condition existing on (lie Effective Date; (H) to the extent practicable,shall repair and restore any damage caused to the Property by PURCHASER'S testing and investigation. and(iii) release to SELLER(without representation or warranty),at no cost.all reports and other work generated as a result Of the PURCI,IASER-S testing and investigation (other Haan proprietary information prepared solely by Purchaser). PURCHASER hereby agrees to indemnify and hold SELLER harmless from and against all claims. losses,expenses,demands and liabilities, including, but not limited to,attorney's fees, for nonpayment for services, rendered to PURCHASER (including. without limitation, any construction liens resulting thercfrorn) or for damage to persons or property arising out of PURCHASER'S investigation of the Property. PURCHASER'S. obligations under this Section shall survive the termination,expiration or Closing7-- of this Agreement. 7.1 Scllcr*s Documents. SELLER shall deliver to PURC14ASER the following documents and instruments within Five(5)days or tile Effective Date of this Agreement:copies of' any reports or studies (including, environmental, engineering. surveys, soil borings and other physical reports) in SELLER'S possession or control with respect to the physical condition orthe Property. if any. 7.2 Title Review, Within thirty (30) days of tile Effective Date ("Title Investigation Period"), PURCHASER shall obtain, at the PURCHASER'S expense. from a Title Company chosen by PURCHASER(hercinarter"Title Company"),a Title Commitment covering the Property and proposing to insure PURCHASER in an amount to be determined subject only to tile Permitted Exceptions. together with complete and legibic copies or all instruments identified as conditions or exceptions in Schedule B of tile Title Commitment. PURCHASER shall examine the Title Commitment and deliver written notice to Sf-'-I,LFR no later thin tile end of the Title Investigation Period. notifying SELLER of any objections PURCHASER has to the condition of title (hereinarter "PURCHASER'S Title Objections"). If PURCHASER fails to deliver PURCHASEWS Title Objections to SELLER within the aforesaid review period, title shall be deemed accepted subject to the conditions set forth in the Title Commitment. IrPURCI IASER timely delivers tile PURCHASER'S Title Objections. SELLER shall have thirty (30) days to attempt to cure and remove the PURCHASER'S Title Objections(hereinafter"Cure Period"), It is understood by the parties that SELLER shall have no obligation to incur costs or initiate legal proceedings to address PURCHASEWS Title Ob cctions. In the event that SELLER is unable to j PURCI IASE AND DEVELOPi\lf,'NT,\CjRl-'[,-i,IEN-r Page 3 of 77 cure and remove,or cause to be cured and removed, the PURCI,IASER'S Title Objections within tile Cure Period to the satisfaction of'PURCIASER.then PURC HA SE R, in PU RCHASE R'S sole and absolute discretion,shall have the option or(i) cx(ending the Cure Period and the Closing for one additional thirty(30)day period-or(ii)accepting the Title to the Properly as or the time of Closing or(iii)canceling and terminating this Agreement, in which case,(lie Deposit, i r any, shall be returned to PURCHASER and the Pat-ties shall have no further obligations or liability hereunder,except fior those expressly provided herein to survive termination of'this Agreement. Prior to the Closing. PURCI IASER shall have(lie right to cause the Title Company to issue an updated Title Commitment("Title Update")covering(lie Property. lFany Title Update contains any conditions which did not appear in the Title Commitment,and such items render title unmarketable, PURCI IASER shall have the right to object to such new or different conditions in writing prior to Closing. All rights and objections of the Parties with respect to objections arising from the Title Update shall be the same as objections to items appearing in the Title Commitment, subject to the provisions of this Section. T3 Survey Review. PURCHASER.at PURCHASEWS,expense, may obtain a current boundary survey(the"Survey'')ofthe Properly,indicating the number of acres comprising tile Property to the nearest 111 00th o,f an acre. I f the Survey discloses that there are encroachments on the Property or (lint improvements located on time Properly encroach on setback lines, casements, hands of'others or violate any restrictions,covenants of this Agreement. or applicable governmental regulations. [lie same shall constitute a title defect and shall be governed by tile provisions of Section 7.2 concerning title objections. 8< CONDITIONS TO CLOSING. PURCI JASER shall not be obligated to close oil the purchase of the Property unless each of the following conditions(collectively,the"Conditions to Closing*')are either fulfilled or waived by PURCHASER in writing: 8.1 Representations and Warranties. All of the representations and warranties of SELLER contained in this Agreement shall be true and correct as ol'Closing. 8.2 Condition of Property. The Property is being sold in as-is condition. 8.3 Pendigg Proceeding At Closing. there shall be no litigation or administrative agency or other governmental proceeding of'any kind whatsoever. pending or threatened, regarding the Properly.which has not been disclosed, prior to closing,and accepted by PURCHASER. 8.4 Compliance with Laws and Regulations. The Property shall be in compliance with all applicable federal. state and local laws, ordinances. rules, regulations, codes, requirements. licenses, permits and authorizations as or the date of Closing, 9. CLOSING DOCUMENTS. The SELLER shall prepare, or cause to be prepared. the Closing Documents set Cortin in this Section, except for documents prepared by the Title Company. At Closing. SELLER shall execute and deliver,or cause to be executed and delivered PUM IASL;AND ISE M-OPIVIENT AGRFEMENT Page V77 to FURCI IASER (ic following documents and instruments: 9.1 Deed, A Special Warrant),Deed (the-Deed")conveying to PURCHASER valid, good, marketable and insurable 1ec simple title to the Property firce and clear or all liens. encumbrances and other conditions or title other than [lie Permitted Exceptions. consistent with Section 6 orthis Agreement, 9.2 Seller's Affidavits. SELLER shall furnish to PURCHASER an owner's affidavit attesting that, to the best of its knowledge, no individual or entity has any claim against the Property under the applicable construction lien lalv;and that there are no parties in possession of the Property other than SELLER. SELLER shall also Jumish to PURCHASER as non-foreign affidavit with respect to tile Property. In the event SELLER is unable to deliver its affidavits referenced above or any other document reasonably required by the Title Company,the same shall be deemed an uncured Title Objection. 9.3 Closing Statement. A closing statement setting forth the Purchase Price,.all credits, adjustments and prorations between PURCHASER and SELLER. all costs and expenses to be paid at Closing,and the net proceeds due SELLER. 9.4 Corrective Documents. Documentation required to clear title to the Property of-all liens,encumbrances and exceptions, if any. other than Permitted Exceptions, 9.5 Additional Documents. Such other documents as PURCI IASER or the Title Company may reasonably request that SELLER execute and deliver, and any other documents required by this Agreement or reasonably necessary in order to close this transaction and crFectuate the terms of this Agreement. 10, PRORATIONS, CLOSING COSTS AND CLOSING PROCEDURES. 10.1 11rorations. Taxes and assessments.if any. for the Property shall be prorated through the day before Closing. Cash at Closing shall be increased or decreased as may be required by prorat ions to be made through the day prior(o Closing. Taxes shall be prorated based upon tile current year's tax with due allowance made For Maximum allowable discount, If Closing occurs at a date when tile current year*s millage is not fixed and current year's assessment is available, taxes will be prorated based upon such assessment and prior year's millage. if current year's assessment is not available, (lien taxes will be prorated on prior year's tax. A tax proration based on an estimate shall,tit request of either party. be readjusted upon receipt of tax bill, 10.2 Closing Costs. PURCHASER shall pay for documentary stamps on tile deed, recording the deed and all general closing expenses(settlement fee. courier fees,overnight packages. e(c.). Each party shall be responsible for their own attorneys* fees. The PURCHASER shall be responsible for the payment or the survey and the title insurance searches and policies, 10.3 Closina Procedure, PURCHASER shall fund the Purchase Price subject to the credits, offsets and prorations, set Forth herein. SELLER and PURCHASER (as applicable) shall execute and deliver to the Closing Agent designated by PURCHASER, the Closing PURCHASL AND DEVELOPMENTAGREENIENT Pnge 5 of 77 Documents, Tile Closing Agent shall,at Closing,deliver the Closing Documents and a"marked- up" Title Commitment to PURCHASER, and promptly thereafter, record (fie Deed and other recordable Closing Documents in ilia appropriate public records. IOA Existing MgqgMsand Other Liens. At Closing. SELLER shall obtain. or cause to be obtained, satisfaction or release of record or all mortgages, liens and judgments applicable to and encumbering the Property. 11, REPRESENTATIONS. COVENANTS AND WARRANTIES, 11.1 Seller's Representations-and Warranties. SELLER hereby represents, covenants and warrants to PURCHASER, as of(lie Effective Date and as of the Closing Date. as Follows: 11.2 Authority. The execution and delivery of this Agreement by SELLER and the consummation by SELLER of the transaction contemplated by this Agreement are within SFIA-ER'S capacity and all requisite action has been taken to make this Agreement valid and binding oil SELLER in accordance with its terms,"rhe person eXCCLIting this Agreement on behalf of SELLER has been duly authorized to act on behalf of and to bind SELLER.and this Agreement represents a valid and binding obligation ofSEI,L[--,R, 11.3 Litle. SELLER is and will be on the Closing Date,the owner of valid,good, marketable and insurable Fee simple title to the Property. free and clear of all liens.encumbrances and restrictions oFany kind.except the Permitted Exceptions(and encumbrances orrecord which Will be discharged at Closing). 12. DEFAULT. 12.1 Purchaser's PgfhUlt, In the event that this transaction fails to close solely due to PARC!IASERs refusal to close, and such failure to close is not a result of' SELLER'S default or a title/survcy defect, subject to the provisions of Paragraph 12.3 below, SELLER may terminate this Agreement and be entitled to retain the Deposit. following which neither PURCHASER nor SEI...LER shall have any further obligations or liabilities tinder this Agreement, except for those expressly provided to survive the termination of this Agreement: provided, however,that VURCFIASER shall also be responsible for the removal orany liens asserted against the Property by persons claiming by. through or under PURCHASER, The failure of PURCI IASC-R to comply with the provisions set forth in this Agreement S11311 Constitute a Default and Breach of this Agreement. 12.2 Scllcr*s Default. In the event that SELLER shall fail to fully and timely perform any of its obligations or covenants hereunder or if any of SELLER'S representations are untrue or inaccurate. then, notwithstanding anything to the contrary contained in this Agreement. PURCHASER may. at its option: (1)declare SELLER in default under this Agreement by notice delivered to SELLER, in which event PURCHASER may (i) seek an action for specific performance; or (ii) terminate this Agreement, wherein the full deposit shall be returned to PURCHASER and neither Party shall have any further rights hereunder. CON421 PURCHAsr AND DEVE 1-0111MENT AGREUNIEN1 Page 6 of 77 12.3 Notice or Default. Prior to declaring a default and exercising the remedies described herein, the non-defaulting Party shall issue a notice of default to the defaulting Party describing the even( or condition of default in sufriciem detail to enable a reasonable person to determine the action necessary to cure the defauh. The defoulting, Party shall have fifteen (15) days From delivery or itic notice during which to cure the default. provided, however, that as to n failure to close, Elie cure period shall only be three (3) Business Days from the delivery ornotice. Both parties agree (hat if an extension is requested. such extension shall not be unreasonably withlield. Ifthe default has not been cured within the aforesaid period, ilic non-defaulting Party may exercise the remedies described in this Section 12. 12A Survival. The provisions of this Section 12 shall survive the termination of this Agreement. 13. NOTICES. All notices required in this Agreement must be in writing and shall be considered delivered when received by certified mail,return receipt requested,or personal delivery to the following addresses: If to Seller: Boynton Beach Community Redevelopment Agency Interim Executive Director.Michael Simon 710 N. F cderal 1-1 ighway Boynton Beach, Florida 33435 Willi it copy to; Tara Duliy, Esq. Lewis, Longman & Walker. P.A. .5I 5 North Flagler Drive Suite 1500 West Palm Beach, Florida 33401 If to Buyer: William Morris Ocean One Boynton, LLC 777 E. Atlantic Avenue, 4'100 Delray Beach, FL 33493 Mr. Davis Carnalier 1629 K Street N.W. Suite 1200 Washington, DC 20006 Mr. Michael Ross 9804 S. Militaryl-raii Suite El I Boynton Beach. FL 33136 PURCHASE AND DEVELOPNIFNrr AGREUrvill.NT Pag,c 7 o F 7 7 With a copy to: Gary S. Dunay, Esq, Dunay, Miskel and Backman. LLP 14 SE 4"' Street,#36 Boca Raton, FL 33432 14, BINDING OBLIQATION/ASSIGNMENT. The terms and conditions or this Agreement are hereby made binding on, and shall inure to the benefit of. the successors and permitted assigns of(lie Parties hereto. This Agreement may not be assigned, sold. or otherwise transferred to any other entity without prior, written permission by the CRA, which permission shall not be unreasonably Nvithheld. 15, RISK OF LOSS. In the event the condition ofthe Property, or any part thereof, is materially altered by an act or God or other natural force beyond the control of SELLER, PURCI-IASER may elect, as its sole option,to terminate this Agreement and tile parties shall have no further obligations tinder this agreement. or PURCHASER may accept the Property without ,any reduction in the value orthe Property. 16. BROKER FEES. The Parties hereby confirm that neither of them has dealt with any broker in connection with the transaction contemplated by this Agreement, Each Party shall indemnify.defend and hold harmless the other Party firorn and against any and all claims, losses. damages,costs orexpenscs(including,without limitation,attorney's rees)ofany kind or character arising out of or resulting front any agreement,arrangement or understanding alleged to have been made by either Party or on its behalf with any broker or finder in connection with this Agreement. I-lowcvcr, SELLER'S indemnification obligations shall not exceed tile statutory limits provided within Section 7f 8.25, Florida Statutes,and CRA does not otherwise waive its sovereign immunity rights.The provisions ol'this Section shall survive Closing or termination of this Agreement, 17. ENVIRONMENTAL CONDITIONS, To the best of SELLER'S knowledge, the Property and the use and operation thereof are in compliance with all applicable county and governmental laws.ordinances.regUla(ions. licenses,permits and authorizations,including,without limitation,applicable zoning and environmental laws and regulations. In addition.SELLER has not received any notices of any violation of environmental condition or other notices of violation of municipal ordinances, M DEVELOPMENT AND SALE OF THE PROPERTY, SELLER and PURCHASER acknowledge that the Property is being sold to PURCHASER for tile sole purpose ot'developing a mixed-use project at the northeast corner of Boynton Beach Boulevard and Federal Highway. 18,1 Seiler Design Approval. The PURCHASER and SELLER acknowledge, that the SELLER has reviewed the Site Plan and finds the Site Plan acceptable and consistent with the CRA Redevelopment Plan, 18.2 Development Tinicline, The City has approved PURCHASER's Site Plan. PURCHASER agrees to diligently and continuously pursue approval of all other necessary approvals until the first building permit tins been issued for the Development Project. PURCHASE AND DEVELOPMENT AGRIA-MENT Page 8 of 77 PURCHASERagrecs to commence construction of the Development Project within two(2)years from the Effective Date of the Tax Increment Revenue Finance Agreement attached hereto as Exhibit "D," (hereinafter"Construction Commencement Period")Once tile First building permit is issued for the Development Project, PURCI-IASER agrees to diligently and continuously pursue cornpletion of construction ofthe Development Project.subject to force majeure and other matters beyond the reasonable control of PURCHASER, IrPURCHASER fails to commence construction within the timerrame set l'brth herein, PURCHASER shall be obligated to commence construction ol'a public plaza (the -Pla7a")on the Property containing benches, walkways and landscaping in accordance with Exhibit"E," attached hereto and made a part hereof by reference no later than twelve (12)months after the expiration of the Construction Commencement Period. 'File Special Warranty Deed shall include a restriction consistent with the requirements of this Section in a form substantially in accordance with Exhibit"C"attached hereto. 183 Survival, The provisions ofthis Section 18 shall survive the termination of this Agreement. 19� MISCELLANEOUS. 19.1 General. This Agreement and any amendment hereto, may be executed it any number of counterparts,cath orwhich shall be deemed to be an original and till ofwIlich shall, together. constitute one and Elie some instrument. The section and paragraph headings herein contained are ]or the purposes of identification only and shall not be considered in construing this Agreement. Reference to a Section shall be deemed to be a reference to the entire Section, unless otherwise specified. No modification or amendment or this Agreement shall be of any force or effi!ct unless in writing executed by Parties. This Agreement sets Forth the entire agreement between the Parties relating to the Property and all subject matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between tile Parties. This Agreement shall be interpreted in accordance with the laws of tile State of Rod& The Parties hereby agree that jurisdiction of any litigation brought arising out of this Agreement shall be in (lie Fifteenth Judicial Circuit in and for Palm Beach County, Florida, or, should any cause of action be limited to redcral jurisdiction only, in the United States District Court for the Southern District Court of Florida. 19.2 Computation of Time. Any reference herein to time periods which are not measured in Business Days and which are less than six(6)days,shall exclude Saturdays,Sundays and legal holidays in the computation thereof. Any time period provided fior in this Agreement which ends on a Saturday, Sunday or legal holiday shall extend to 5:00 pm. on the next Ilull Business Day. Time is of Elie essence in the performance or all obligations under this Agreement. Time periods commencing with the Effective Date shall not include the Effective Date ill the calculation thereof, For purposes of this Agreement. Business Days shall mean Monday through Friday but shall exclude state and federal holidays. 19.3 Waiver. Neither(lie failure ora party to insist upon strict performance of any of Elie terms. provisions. covenants,agreements and conditions licreof. nor the acceptance of any item by a party with knowledge or a breach or this Agreement by the other party in the performance of their respective obligations hereunder, sliall be deemed a waiver of any riollts or PURCHASE AND DEVELOPMENT AGREEMENT Pap9ol-77 Z� remedies (lint a party may have or a waiver of any Subsequent breach or default in tiny Of such terms, provisions, covenants,agreements or conditions. This paragraph shall survive termination ofthis Agreement and the Closing. 19.4 Construction of Agreement. ']'he Parties to this Agreement, through counsel, have participated freely in[lie negotiation and preparation hereof.Neither this Agreement nor any amendment hereto shall be more strictly construed against any ol'the Parties. AS used in this Agreement or any amendment hereto, the masculine shall include the feminine, the singular shall include the plural, and the Plural shall include the singular. as the context may require. Provisions of this Agreement that expressly provide that they survive the Closing shall not nierge into the Dee& 19.5 Severability, If any part ol'this Agreement shall be declared unlawful or invalid,the remainder of the Agreement will continue to be binding upon the pailies so long as the rights and obligations of the Parties contained in this Agreement are not materially prejudiced and the intentions orthe Parties can continue to be achieved. To that end. this Agreement is declared severible.. The provisions of this Section shall apply to any amendment ol'this Agreement. 19.6 Handwritten Provisions. Handwritten provisions inserted in this Agreement and initiated by CRA and SELLER shall control all printed provisions in conflict therewith. 19.7 Waiver of Jury Trial, As an inducement to PURCHASER agreeing to enter into this Agreement, PURCHASER and SELLER hereby waive trial by jury in any action or proceeding brought by either party against the other party pertaining to any matter whatsoeverarising Z7 out of or in any way connected with this Agreement. 19.8 Attornevs Fees and Costs. Should it be necessary to being an action to enforce any of the provisions or this Agreement, reasonable attorneys' rees and costs, including those at the appellate level,shall be awarded to[lie prevailing party. 19.9 Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behall'of the CRA and SELLER has full right and lawful authority to execute this Agreement and to bind and obligate the party ror whom or on whose behalf lie or she is signing with respect to all provisions contained in this Agreement. 19.10 Recording. This Agreement may be recorded in the Public Records of Palm Beach County. Florida. 19.12 SELLER Attorneys' Fees orad Costs. SELLER acknowledges and agrees that SELLER shall be responsible for its own attorneys* secs and all costs, if any, incurred by SELLER in connection Nvith the transaction contemplated by this Agreement. 19.13 Public Records, SELLER—is public agency subject to Chapter 119, Florida Statutes.The PURCHASER shall comply with Florida's Public Records Law.Specifically, the PURCHASER shall: 4k;N 4 PURCHASE AND DEVELOPMCNT AGREGMENT Page 10 of 77 a. Keep and rn a intain public records that ordinarily and necessarily would be required by the SF-LLER in order to perform the service-, b. Provide the public with access to such public records on the same terms and conditions that the SELLER would provide the records and at a cost that does not exceed that provided in chapter 119. Fla. Stat.,or as otherwise provided by la8%; c. Ensure that public records that are exempt or that are confidential and exempt firom public record requirements are not disclosed except as authorized by law;and cl. Meet all requirements for retaining public records and transfer to[lie SELLER,at no cost,all public records in possession or the PURCHASER upon termination of the contract and destroy any duplicate public records that arc exempt or confidential and exempt, All records stored electronically Must be provided to the SELLER in a rormal that is compatible with the inrormation technology systems of(lie SE.I.I.r.R. IF PURCHASER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE PURCHASER'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, FL 33435; or BovntonBcachCRMbbbfl,us. 19,14 Right oft'irst Rerusal. a. Prior to a"Termination Event"(as del tried below)Purchaser hereby grants to Seller a right or first itfusaI to purchase the Property pursuant to the terms and conditions set lbrth in this Section 19.14("Right of First Refusal")„ (i) If Purchaser receives an orfer to purchase the Property as part of a separate and isolated transaction and not as part of an offer to purchase the Property in conjunction with any other parcel owned by Purchaser or an affiliate of Purchaser, pursuant to a written contract or letter or intent, Purchaser shall give Seller notice ol'the offler by delivering a copy of the contract or letter of intent to Seller("Notice"). (ii) Upon receipt of Notice,Sellci-slial)place the Notice on the next regularly scheduled CRA Board meeting. Within rive (5) days of the CRA Board meeting where the Notice is considered. Seller shall either waive or exercise its right of first refusal. If Seller elects to exercise its right of'first refusal.Seller shalL within ten(1 0)days alter receipt or the Notice, deliver to Purchaser an agreement to purchase the Property for ten(10)dollars and an amount equal to the cost of any improvements made to tile Property by Purchaser and upon receipt by the Purchaser of the #,, ,§, PURCHASE AND DEVELOPMENT AGRIELMENT Page I I of 77 roregoing from the Seller. Purchaser and Seller shall enter into a purchase and Sale Agreement. (iii) If Seller rails to exercise or waive its right of rirst refusal in accordance with the terms and conditions stated herein, within ten(10)days after receipt orthe Notice, (lien Seller's right of first rcrusal shall be deemed to have been waived. b. This Right or First lZerusal shall tcrminn(c upon the issuance of a certificate of occupancy, certificate of completion or other equivalent certification fior the Development project issued by (lie applicable governmental authority for improvements made to the Property (a "Termination Event"). Upon a Termination Event, this Right of First Refusal shall terminate and have no further force or effect. c. This Right of First Refusal shall only apply to an offer to purchase the Properly as a separate and isolated transaction and shall not apply to any offer received by Purchaser to purchase the Property in conjunction with any other Property owned by Purchaser or an affiliate of' Purchaser. d. Additionally.this Right of First Refusal shall not apply to: (i) a sale or transfer by nny bank. life insurance company, federal or state savings and loan association or real estate investment trust which acquires title to tile Property as a result of'owning,a mortgage upon the Properly or a portion of the Property and whether title is acquired by deed From the mortgagor or its successors in title or through foreclosure proceedings; (ii) a sale by any such institution which so acquires title; (iii) a sale or transfer of interests in the Property or to Purchaser to a partnership,joint venture or other business arrangement over which Purchaser shall retain management control or shall be a partner. member or joint venturer or other substantial interest holder; or (iv) any transfer or title to the Property or portion thereof at a duly advertised public sale with open bidding which is provided by law,such as but not limited to execute sale, foreclosure sale,j Lid ic ia I sale or(ax sale. e. The provisions of this Section 19.14 shall survive closing and delivery ofthe deed of conveyance of the Property and notice of Seller's rights hercundershall be recorded in the public records of'Palm Beach County, Florida pursuant to a Memorandum of Right of First Refusal.The Mernorandurn and[lie rights under(his paragraph shall terminate automatically and without Further action upon a Termination Event. PURCHASE AND DE"VELt1PMEN f AGM EMUNI Pao-c 12 of 77 IN WITNESS WHEREOF, the Parties have CXCCLIted this Agreement as of the Effective date. BUYER SELLER OCEAN ONE BOYNTON, LLC BOY NTON B EACI I COM M UN ITY RLDEV7E-L 'M - T AG- CY Y_' By: Print Numc: wt pa- Print Narne-, Steven B.Grant Title: 411�4_- Title: Chair Date: it Date: Witnesses: Witnesses: is e to m n rtegmsunicicncy: C PURCHASE AND DEVELOIWENT AGREEMENT Page 13 of 77 LEGAL DESCRIP'rION LOTS 1 AND 2, EXCEPT THE EAST 25-00 FEET THEREOF AND EXCEPT THE WEST 25.00 FEET THEREOF,AS SHOWN UPON THE PLAT ENTITLED"AGREEMENT PLAT ,SHOWING PROPERTY IN THE NORTHWEST QUARTER(N.W. 114)OF THE NORTHWEST QUARTER (N.W. 1/4)OF SECTION 27, TOWNSHIP 45 SOUTH,RANGE 43 EAST, IN THE TOWN OF BOYNTON BEACH, FLORIDA,WHICH PLAT IS RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN AND FOR PALM BEACH COUNTY,FLORIDA, IN PLAT BOOK 10,PAGE 2;LESS RIGHT OF WAY CONVEYED TO THE STATE OF FLORIDA,AS MORE PARTICULARLY DESCRIBED IN OFFICIAL RECORD BOOK 564, PAGE 160,PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA;SAID LANDS SITUATE LYING AND BEING IN PALM BEACH COUNTY,FLORIDA, SUBJECT TO RESTRICTIONS,RESERVATIONS,EASEMENTS AND COVENANTS OF RECORD,IF ANY, TO THE EXTENT THAT SAME ARE VALID AND ENFORCEABLE, DESCRIPTION:(TAKEN FROM SPECIAL WARRANTY DEED DATED OCTOBER 3, 1964 IN OFFICIAL RECORD BOOK 564, PAGE 180) LOTS I AND 2,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 10 AT PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA:BEING ALSO DESCRIBED AS LOTS I AND 2,FUNK BROS.ADDITION PER PLAT BOOK 2,PAGE 13;WHICH LIES WITHIN 50.00 FEET EASTERLY OF THE WEST LINE OF SECTION 27,TOWNSHIP 45 SOUTH,RANGE 43 EAST; AND THAT PART OF THE AFOREMENTIONED LOT 1 OF AGREEMENT PLAT,WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARE TANGENT TO THE NORTH LINE OF SAID LOT (BEING 15,00 FEET SOUTH OF AND PARALLEL TO THE NORTH LINE OF SAID SECTION 27),AND TANGENT TO A LINE 50.00 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 27. SUBJECT TO THE EXISTING RIGHT-OF-WAY FOR STATE ROAD 5;SAID PARTS CONTAINING 0.062 OF AN ACRE,MORE OR LESS. AND LESS AND EXCEPT ADDITIONAL ROAD RIGHT OF WAY FOR N.E.2ND AVENUE,MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 1,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF,AS RECORDED IN PLAT BOOK 10,PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA:THENCE RUN SOUTH 89 DEGREES 45'09'EAST ALONG THE NORTH LINE OF SAID LOT 1,A DISTANCE OF 37,28 FEET TO A POINT ON THE SOUTH RIGHT OF WAY UNE OF N.E. 2ND AVENUE AS NOW LAID OUT AND THE POINT OF BEGINNING;THENCE CONTINUE SOUTH 89 DEGREES 45'09- EAST ALONG SAID SOUTH RIGHT OF WAY LINE AND ALONG THE NORTH LINE OF PURCI IASE AND DEVELOPMENTAGRFEMENT Page 14 of 77 LOT 1,A DISTANCE OF 254.12 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF N.E.6TH COURT AS NOW LAID OUT;THENCE RUN SOUTH 01 DEGREES 23'W EAST,ALONG SAID WEST RIGHT OF WAY LINE,A DISTANCE OF 54.89 FEET TO A POINT OF CURVATURE,CONCAVE TO THE NORTHWEST SAID CURVE HAVING A RADIAL BEARING OF SOUTH 88 DEGREES 36, 94°WEST; THENCE RUN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 40.02 FEET TO THE POINT OF TANGENT, SAID CURVE HAVING A RADIUS OF 25-00 FEET,A CENTRAL ANGLE OF 91 DEGREES 42'50',A CHORD BEARING OF NORTH 47 DEGREES 15'21"WEST AND A CHORD DISTANCE OF 35.88 FEET:THENCE RUN SOUTH 66 DEGREES 53' 14'WEST,A DISTANCE OF 41,94 FEET TO A POINT;THENCE RUN NORTH 76 DEGREES 26'58'WEST,A DISTANCE OF 50,34 FEET; THENCE RUN NORTH 89 DEGREES 45'09' WEST, A DISTANCE OF 129.70 FEET TO A POINT OF CURVATURE CONCAVE TO THE SOUTHWEST THENCE RUN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 31.87 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF STATE ROAD NO.5(FEDERAL HIGHWAY)AS NOW LAID OUT;SAID CURVE HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 17'55',A CHORD BEARING OF SOUTH 44 DEGREES 35-53'WEST AND A CHORD DISTANCE OF 28.60 FEET,THENCE RUN NORTH 01 DEGREES 03'04'WEST ALONG SAID EAST RIGHT OF WAY LINE A DISTANCE OF 29.69 FEET TO A POINT OF CURVATURE TO THE NORTHEAST;THENCE RUN ALONG THE ARC OF SAID CURVE TO THE RIGHT A DISTANCE OF 19.12 FEET TO THE POINT OF BEGINNING, SAID CURVE HAVING A RADIUS OF 12.00 FEET,A CENTRAL ANGLE OF 91 DEGREES 17-55',A CHORD BEARING OF NORTH 44 DEGREES 36 54- EAST AND A CHORD DISTANCE OF 17,16 FEET, PURCHASE AND DEVELOPMENT AGRE�EMENT Page 15 Df 77 SCI I I B 11'*,B*' DEVELOPMENTPROJECTSITS, PLAN P(JRCJ JASE AND DEVELOPNILN- TAGREENIENT Page 16 of 77 4W-4 US JVGHWAY 16 t tip k I oil _71 Q +— i r iTi .11 .,.;1 lot NAN "Rikii 6&w- PIP Ocean One COHEN -FREEDMAN-EN SA ASSOC U R FEMUL HOWAY.BOYNTM WEACK FL Architmis, PA *w xw.a"s� u&mw Lautrmew %" sa rw PURCI IASL AND DEVELOPMEN FAGREEMENT Page 17 of 71 EXIIIBII"'C'* SPECIAL WARRANTY DEED PURCHASE AND DEVELOPMENI'AGREEMENT Page 18 of 77 RECORD& RETURN TO; Gary S. Dunay, Esq. DLmay, Miskel and Backman. LLP 14 SEW`Street,#36 Boca Raton, FL 33432 Property Control No. SPECIAL WARRANTY DEED This Indenture, made this day of Between Boynton Beach Community Development Agency, a public agency created pursuant to Chapter 163.Part fit ofthe Florida Statutes.having,a mailing address of 710 N.Federal Highway. Boynton Beach. FL 33432, Grantor and a , having a mailing address of 1629 K Street. NW Suite 1200. Washington, DC 20006 .Grantee, WI'f`Nl';SSETl 1, that the Grantor for and in consideration of the surn oCTEN DOLLARS 10,00)and other good and valuable consideration to Grantor in]land paid by Grantee,the receipt whereof is hereby acknowledged. has granted, bargained and sold to the said Grantee and Grantee's heirs, successors and assigns forever, tile Following described land, situate, lying and being in the County of Patin Beach, State or Florida(tile-Property"),to wit: SISI~ EX1IIBIT'*A"ATfACIIE'D HERETO The Property conveyed herein is subject to the following0 restriction: The Property set forth on Exhibit"A"sli all be included with the adjacent property already owned by Grantee as referenced on Exhibit-B"and together are hereinafter collectively referred to as the "Project." Grantee has received approval from the City of Boynton Beach for the site plan. attached hereto as Exhibit '°C," (hereinafter (lie "Project") and shall diligently and continuously undertake commercially reasonable efforts to obtain all necessary approvals for the Project from the City of Boynton Beach. Florida. Grantee shall commence construction for the development or tile Prcjcct 'within twenty-Four (24) months from the Effective Date of`the Tax Increment Revenue Funding Agreement attached hereto as Exhibit -D." (the "Construction ? Commencement Period"). For purposes of this Special Warranty Deed. the term "commence construction"'shall mean obtaining an official permit in hand for any of the construction activities contained herein and beginning to actually demolish.excavate or prepare tile site for development of the applicable phase of the Project in accordance with the City Code and continuing until completion of construction of tile Project or Phase ol'the Project as applicable in accordance with the Florida Building Code. PURCHASE AND DI"I'VFLOPNIFNI AGREOVILN"I' Page 19 of 77 In the event Grantee flails to commence construction for the development of[lie Project as provided for above, Grantee shall be obligated to commence construction of public plaza (the "Plaza") on the Property containing benches, walkways, landscaping, irrigation and lighting in accordance with the provisions of Exhibit "E. Notwithstanding the foregoing, ifal any time therenfiter, Grantee commences construction or the Project in accordance with the site plan approved by (lie City of Boynton Beach.. Grantee may abandon construction of. or demolish the construction of the Plaza in order to construct the Project. Once the Project has been substantially completed. this restriction shall terminate and be of no further force or effect. TOGETI IEE with all tenements.hereditaments and appurtenances thereto belonging or in anywise appertaining. TO I JAVE AND TO HOLD the same in fee simple rorever. AND the Grantor hereby covenants Nvilb said Grantee that Grantor is lawliully seized of said land in fee simple; that Grantor has good right and lawful authority to sell and convey said land;that Grantor hereby fully warrants the title to said land and will defend the same against the lawful claims oral) persons claiming by,through or under Grantor. IN WITNESS WHEREOF,the Grantor has hereunto set his hand and seal the day Lind year I irst above written. Signcd, scaled and delivered in the presence of', Boynton Beach Community Development Agency By: Witness#1 Signature Name: Title: Witness 41 Printed Name Witness#2 Signature Witness#2 Printed Name PURCI IASE AND DEVELMMEN YAGRUMENT Page 20 of 77 STATE OF FLORIDA COUNTY OF PALM BI ACI I The roregoing instrument was acknowledged before me this day of by as of Hoynlon Beach Community Development -Agency' who is personally known to me or who produced a driver's license as identification, Notary Public PURCHASE AND DEVULOPINIENT AGREEMENT Page 21 of 7r SPECIAL WARRANTY DEED EXHIBIT"A" LEGAL DESCRIPTION OF PROPERTY LOTS 1 AND 2, EXCEPT THE EAST 25.00 FEET THEREOF AND EXCEPT THE WEST 25.00 FEET THEREOF,AS SHOWN UPON THE FLAT ENTITLED"AGREEMENT PLAT',SHOWING PROPERTY IN THE NORTHWEST QUARTER (N.W. 114) OF THE NORTHWEST QUARTER (N.W. 114) OF SECTION 27, TOWNSHIP 45 SOUTH, RANGE 43 EAST, IN THE TOWN OF BOYNTON BEACH, FLORIDA,WHICH PLAT IS RECORDED IN THE OFFICE OF THE CLERIC OF THE CIRCUIT COURT IN RNLI FOR PALM BEACH COUNTY, FLORIDA, IN PLAT BOOK 10,PAGE 2; LESS RIGHT OF WAY CONVEYED TO THE STATE OF FLORIDA,AS MORE PARTICULARLY DESCRIBED IN OFFICIAL RECORD BOOK 564, PAGE 180, PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA„ SAID LANDS SITUATE LYING AND BEING IN PALM BEACH COUNTY, FLORIDA. SUBJECT TO RESTRICTIONS,RESERVATIONS, EASEMENTS AND COVENANTS OF RECORD, IF ANY, TO THE EXTENT THAT SAME ARE VALID,AND ENFORCEABLE. DESCRIPTION: (TAKEN FROM SPECIAL WARRANTY DEED DATED OCTOBER 3, 1960 IN OFFICIAL RECORD BOOK 564, PAGE 180) LOTS 1 AND 2, AGREEMENT PLAT, ACCORDING TO THE PLAT THEREOF AS RECORDED IN FLAT BOOK 10 AT PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA; BEING ALSO DESCRIBED AS LOTS 1 AND 2, FUNK.BROS.ADDITION PER PLAT BOOK 2, PAGE 13;WHICH LIES WITHIN 59.90 FEET EASTERLY OF THE WEST LINE OF SECTION 27,TOWNSHIP 45 SOUTH RANGE 43 EAST; AND THAT PART OF THE AFOREMENTIONED LOT 1 OF AGREEMENT PLAT,WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARE TANGENT TO THE NORTH LINE OF SAID LOT (BEING 15.00 FEET SOUTH OF AND PARALLEL TO THE NORTH LINE OF SAID SECTION 7), AND TANGENT TO A LINE 50.00 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 27. SUBJECT TO THE EXISTING RIGHT-OF-WAY FOR STATE ROAD 5; SAID PARTS CONTAINING 0.062 OF AN ACRE, MORE OR LESS. AND LESS AND EXCEPT ADDITIONAL ROAD RIGHT OF WAY FOR N.E. 2ND AVENUE, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 1,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF,AS RECORDED IN PLAT BOOK 10,PAGE 2 OF THE PUBLIC RECORDS OF PALMI BEACH COUNTY, FLORIDA:THENCE RUN SOUTH 89 DEGREES 45'09"EASTLONG THE NORTH LINE OF SAID LOT 1, A DISTANCE OF 37.28 FEET TO A POINT ON THE SOUTH RIGHT PURCHASE:AND DEVELOPMENT OPMENT AGR[:EA ENT Tugs 22 of 77 OF WAY LINE OF N.E. 2ND AVENUE AS NOW LAID OUT AND TIME POINT OF BEGINNING; THENCE CONTINUE SOUTH 69 DEGREES 45' 09" EAST ALONG SAID SOUTH RIGHT OF WAY LINE AND ALONG THE NORTH LIFE OF LOT 11 A DISTANCE OF 254.12 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF N.E.6TH COURT AS NOW LAID OUT,THENCE RUN SOUTH 01 DEGREES 23' 55" EAST, ALONG SAID WEST RIGHT OF WAY LINE, A DISTANCE OF K89 FEET TO A POINT OF CURVATURE, CONCAVE TO THE NORTHWEST SAID CURVE HAVING A RADIAL BEARING OF SOUTH 88 DEGREES 36' 04`WEST, THENCE RUNT ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 40.02 FEET TO THE POINT OF TANGENT, SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 42' 50", A CHORD BEARING OF NORTH 47 DEGREES 15' 21" WEST AND A CHORD DISTANCE OF 35.88 FEET; THENCE RUN SOUTH 86 DEGREES 53' 14' WEST, A DISTANCE OF 41.94 FEET TO POINT,THENCE RUN NORTH 76 DEGREES 26'58'WEST,A DISTANCE OF 50,34 FEET;THENCE RUN {NORTH 89 DEGREES 45' 09" WEST, A DISTANCE OF 129.79 FEET TO A POINT OF CURVATURE CONCAVE TO THE SOUTHWEST;THENCE RUIN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 31.87 FEET TO A POINT ON THE EAST DIGHT OF WAY LIME OF STATE ROAD NO. 5 (FEDERAL HIGHWAY)AS NOW LAID OUT;SAID CURVE HAVING A RADIUS OF 29.60 FEET, A CENTRAL ANGLE OF 91 DEGREES 17' 55%A CHORD BEARING OF SOUTH 44 DEGREES 35' 53" WEST AND A CHORD DISTANCE OF 28.60 FEET; THENCE RUN NORTH 61 DEGREES 03'04"WEST ALONG SAID EAST RIGHT OF WAY LINE A DISTANCE OF 29.69 FEET TO A POINT OF CURVATURE TO THE NORTHEAST, THENCE RUN ALONG THE ARC OF SAID CURVE TO THE RIGHT A DISTANCE OF 19.12 FEET TO THE POINT OF BEGINNING,SAID CURVE HAVING A RADIUS OF 12.00 DEET, A CENTRAL ANGLE OF 91 DEGREES 17' 55", A CHORD BEARING OF NORTH 44 DEGREES 35' 54" EAST AND A CHORD DISTANCE OF 17.16 FEET. o'+X. rA i PURCH j1S17 AND DIWFLOPMENT AGREEMENT Pap 23 of 77 SPECIAL WARRANTY DEED EXHIBIT"B" GRANTEE'S EXISTING PROPERTY Lot 4 1.DEWEY*S SUBDIVISION,according to the Plat thereof.as recorded in Plat Book 1, at Plage 37, of'the Public Records of Palm Beach County. Florida, less and except tile East 25 feet and less and except that part lying within 50 feet of the West line of Section 27,Township 45 South,Range 43 East, Palm Beach County,Florida,and Further less and except that part lying within 45 feet of the center line of'State Road 804 and also lurther less and except that part included in the external area of a 10 foot radius arc which is tangent to a line parallel to and 25 reel West of the East line or Lot 41 and to a fine parallel to and 45 lett North ol'the center line of State Road 804; said lands situate. lying and being in Palm Beach County, Florida. Lots 3 through G. inclusive, FUNK BROTHERS ADDITION. according to [lie Plat thereof, as recorded in Plat Book 2. at Page 13. of the Public Records of'Palm Beach County, Florida, less and except the East 25 reel and the West 50 1'ect thereof, for Road Rights of Way; said lands situate, lying and being in Palm Beach County, Florida. ill accordance with Agreement Plat(Plat Book 10, Page 2), PURCHASE AND DEVELOPMENTAGREEMLN1 Page 24 of 77 SPECIAL WARRANTY DEED EXHIBIT"Cj$ PROJECT SITE PLAN PURCI 1ASE AND DEVELOPMENT ACR[:liMEN f Page 25 or77 us W"Ay 1b I F Ylt p Mij I x I � off of t OF R'G 9"IA 377 I I 1 > COHEN-FREEDMAN•ENCINOSA & ASSOC I Ocean fine na 1t HOMAY. FL Arcb!W4 PA x Uft wm uuali cat PURCHASE AND DLVELOPMENT AGREEMENT Page 26 of 77 SPECIAL WARRANTY DEED EXHIBIT"D" TAX INCREMENT REVENUE FINANCE AGREEMENT PURCHASE AND DEVELOPMENTAGREMENT Page 27 of 77 TAX INCREMENT REVENUE FUNDING AGREEMENT This Tax Increment Revenue Funding Agreement (hereinafter*'Agreement") entered into as ofthe_day of .2 0 17, by and between: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part Ill of the Florida Statutes,(hereinafter referred to as -CRA"). with a business address of 7 10 North Federal Highway, Boynton Beach, Florida 33435, and OCEAN ONE BOYNTON, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail. Suite F-I I Boynton Beach, FI, 33436(hereinafter referred to as the"Developer"), RECITALS WHEREAS, Developer intends to construct the Project which will include a minimum of 231 multi-family units with related amenities and approximately 8,575 square feet of commercial space as depicted in the Site Plan attached hereto as Exhibit "A," (hereinafter referred to as the -Project"): and WHEREAS, the CRA has determined that the Project Furthers the Boynton Beach Community Redevelopment Plan-,and WHEREAS. Developer has the knowledge, ability, skill. and resources to ellectuate tile construction and development of the Project:and WHEREAS, the CRA has determined that a public-private partnership in which the CRA provides Tax Increment Revenue Funding for the Project will further the goals and objectives of the Community Redevelopment Plan; NOW THERIEFORE, in consideration of the mutual covenants and promises set lbrth herein,the sufficiency of which both Parties hereby ackno\vledge, the Panics Agree as rollows: Section 1. Incorporation. The recitals above and all other information above are hereby incorporated herein as if fully set forth. Section 2. Definitions. As used in this Agreement, the following terms shall have the following meanings, which shall apply to words in both the singular and plural forms of such words: 2.1, "Base Year" mean the base year for determining Tax Increment Revenue from the Project, PURCHASE AND DEVELO—HINT AGREEMr-Wr Page 28 of 77 2.2 "Benchmarks" shall be (fie various percentage thresholds of occupancy of (fie 8,575 commercial/retail space for any year of the Phase I Term as set lbrill in Paragraph 5.1.6. 2.3 "Certificate of Occupancy" means tile certificate issued by the City pursuant to the City of Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that tile same may be used for(tic purposes stated therein. 2.4. "City" means the City of Boynton Beach, Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in ]land for any of the construction activities contained herein and beginning to actually dernolisli. excavate or prepare the site for development of the applicable phase or (lie Project in accordance with tile City Code and continuing until completion of' construction of the [,'reject or Phase or the Project as applicable in accordance with the rJorida Building Code. 2.6 "Community Outreach Partner" means the for-profit or non-prafit group or organization selected by Developer with %vliom Developer shall coordinate on tile issues and obligations in this Agreement pertaining to employment of City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a Subcontractor or any other business entering into a contract with the Developer related to the construction of the Project or part thereof`. 2.8 "Effective Date" shall mean the date the last party to this Agreement executes this Agreement. 2.9 "Cood Faith Effort" is considered to have been made when the respective parties have used reasonable means to comply with the associated directives and/or provisions set Forth in this Agreement. 2.10 "Grey Shell" means an unfinished interior. lacking heating, ventilating, air conditioning, lighting. plumbing, ceilings. elevators, interior walls, etc. and ready for tenant improvements. 2.11 "Locally Owned Small Businesses" means any business that is wholly owned by individuals Nvho reside in the City. If a business is owned by a corporation, then the corporation most be wholly owned by individuals who reside in the City. 11'(lie business is owned by a partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wage" means the hourly rate that an individual must earn to support h i 'as or tier Irn i ly if they are tile Sole provider and are working full time(2,080 hours per year) in accordance with Palm Beach County Code Chapter 2. Article IV. Division 3 (the Palm Beach County Living Wage Ordinance).as amended, PURCHASE AND DEVrLOPNIFNT AGREE MENET Page 29 of 77 2.13 "Notionally Recognized High Performance Green Building Rating System" rneans any one of the following: the Florida GrQcn Building Coalition (FGBC) Standards, tile Green Building Initiative's (GBI) Green Globe rating system, tile United States Green Building Council (USGBC) Leadcrship in Energy and Environmental Design (LEED) Standards, or the National Association of Homebuilders(NA 1,113)National Green Building Standards(NGBS), 2.14 "Pledged Project Increment Revenue" means an amount calculated by Multiplying Tax Increment Revenue rrom the applicable phase or the Project by Agreed upon percentage factor as provided for in this Agreement. 2.15 "Property" means the property subject to this Agreernent upon which the Project Z� shall be developed as more particularly described in Exhibit"B," hereto. 2.16 "Site Platt" shall mean the approved Site Plan attached hereto as Exhibit "A." approved by(lie City of Boynton Beach, file # NWSP 16-002, Section 3. Developer's Obligations-and Covenants. 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within two (2)years orthe Fifrective Date ofthis Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as Thase I Irnprovements:": It. Developer shall construct a minimum of 231 multi-family residential units with related amenities. b, Developer shall construct a minimum of 8,575 square feet of commercial/retail space; C. Developer shall construct [larking Improvements,conceptually depicted on Exhibit"C,"hereto, consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist ofstructured parking, surface parking. valet parking, mechanical parking. shared parking or any other means as allowed under local city ordinance.Upon completion of the Public Parking. Developer and the CRA shall enter into a Parking Management Agreement to establish the maintenance responsibilities of the CRA for the Public Parking. If a Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion of construction of the Public Parking. either party may request binding arbitration to complete the terms or the Agreement. d. Construction of the multi-fiarnily residential units for the Project shall be in compliance with,qualify for and receive Florida Green Building Certification. PURCHASF AND DEVELOPIMENT AGREEMENT Pale 30 of 77 C. Prior to and during[lie construction of the Project, the Developer shall a I-lire a job placement consultant during the construction period of this Agreement; 0 1-lost a job fair; 0 Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction of Phase I of the Project: 0 Include in all contracts with Contractors requirements that the Contractors use Good Faith EHforts to hire and train City residents to participate in the construction of Phase I ofthe Project; a Provide a list of job positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in(lie construction orl'base I of the Project; a Use Good Faith Efrorts to offer permanent job positions resulting frown Phase I ofthe Project to quaJiFied City residents: a Notiry and refer jab training rind job placement opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each are able and willing to provide such training;and 0 Pay or cause to be paid new hires in all permanent positions residing%Othin the City a minimum ofthe Living Wage. Section 4. Annual 11erformance Report, Developer shall annually provide the CRA with all Annual Performance Report rear the Project indicating the status ai'Developer's compliance with the requirements of this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property taxes for the Property for the preceding year.Such report must be submitted to the CRA no later than the]as( day or April for the preceding year in a farm substantially in accordance with the torn attached hereto as Exhibit"D." Section i. Certification Requirements. 5.1 As a condition precedent to its receipt oCany P[edged Project Increment Revenue pursuant to[his Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County 11'ropeny Appraiser PURCHASE AND DEMLOPMENT AMLL-NU ' Page 31 or77 and these Parec] Control Numbers have been placed on the Palm Beach County tax rolls and assigned taxable Value prior to the Base Year for each Phase; and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence of compliance with the requirements of this Agreement as set forth below and evidencing that Developer has paid all property taxes for (lie preceding year; and S.1.3 Upon receipt of the Annual Perl'ormanec Report. 2. the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and certifying Developer's compliance with all conditions precedent for receiving Pledged Increment Revenue fetor that Phase 1, which approval shall not be unreasonably withheld - 5.1.4 The CRA [ins received Tax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year;and 5.1.5 Developer shall not be entitled to any Pledged Project Increment Revenue payments i F the Developer fins flai led to meet its obligations under this Agreement or is otherwise in dcl'ault under the terms of this Agreement and has flailed to sufficiently cure the default as provided For herein after appropriate notice of such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event the Developer is in default of this Agreement so long as,once a default is cured. Developershall continue to receive their Direct Incentive Fundin- for the Project up to the Pledged Project Increment Revenue and any time periods for performance hereunder shall be extended for the same period oftime needed to cure the default, 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy of 8,575 square feet or commercial/retai) space (the "Commercial/Retail Space") for any year of the Phase I Tenn,Developer's percentage of the Pledged Increment Revenue to be paid to Developer shall be reduced by 10%Ibr that year of Phase I Term. a. Developer Must certify that 25%of the Coin mercial/Retai I Space has been occupied by commercial/retail tenants by at least the third year orthe Phase I Term as defined herein. Once the 2S% threshold is obtained, whether it be in the First, second or third year, the threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than?5%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once the 25% threshold is achieved, Developer shall be entitled to the Pledged Increment Revenue for the year in which the 25% threshold is achieved and each year (hereafter during (lie Phase I Term unless a greater Benchmark is achieved. b. Developer must certify that 50%of the Commercial/Retail Spacc has been occupied by commerciallretaill tenants by at least the sixth year ol-the Phase I Term as defined herein. Once the 50% threshold is obtained, whether it be in any year PURCHASE AND DEVELOPMENTAGREEMENT Page 32 of 77 prior to the end of the sixth year or the Phasc I Term,Elie threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less Haan 50%,Accordingly.as long as Developerdid notdchiult underany commercial lease and continues in good faith to re-market the property for lease,once the 50% threshold is satisfied,Developer shall be entitled to[tic Pledged Increment Revenue for(lie year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved;and c. Developer must certify that 70%of the Commercial/Retail Space has been occupied by the commercial/retail tenants by at least the eighth year of the Phase I Term as defined herein. Once tile 70%threshold is obtained, whether it be in ally year prior to the end of the eighth year of thy: Phase I Term, the threshold shall be deemed satisfied forever,even ifin tile future Elie actual amount occupied thereafter is less than 70%, Accordingly, as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once satisfied, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during the Phase I Term. 5.2 Certification. 5.2,1 Dcvclol)ei-shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1 a. and 3.1.Lb. or this Agreement by providing a Certificate of Occupancy for all residential components of [lie Phase I Improvements and Certificate of Completion for all nonresidential components of the Phase I Improvements rrom the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of all Phase I improvements have been placed on the Palm Beach County tax rolls for the Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has rnet, its obligation under Section 3.).Lc or this Agreement by demonstrating, that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the public and excluded from use by multifamily and commercial units that are part of the Project. 5.2.3 Developer shall confirm in its Annual Performance Report that it has met its obligation under Section 3.1.I.d of this Agreement by providing proof of receipt of rlorida Green Building Certification. 5.2.4 Developer shall certify in its Annual Performance Report that it has met its obligation tinder Section 3.1.l.c orthis Agreement by: a. Demonstrating that it hired and utilized the services of a Job placement consultant and by reporting the job placement consultant's activities during construction of Phase I of the Project: b, Demonstrating that it held as jub I'air; and PURCHASE AND DEVELOPNICNI AGRETAIENT Page 33 of 77 C. Requiring all Contractors covered by the terms ol'this Agreement to provide annual copies of its records.reports or any other information necessary to monitor compliance with the provisions of Section 3.1,1 e of this Agreement and require all Contractors to submit annual payrolls to tile Developer that include the following information pertaining to all Locally Owned Small Business hired to work on or for Phase I ofthe Project: name, address and the number of hours worked for the period.until a Certificate of Occupancy is issued for at least 90%of the residential units of Phase I of the Project. Section 6. Pledged Project Increment Revenue. 6.1 Formula and Term. 6.1.1 The amount of' the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on the rol lowing formula: a. Developer shall receive Pledged Project Increment Revenue for Phase I Improvements for a term of eight (8) consecutive years. beginning (lie year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3, 4, and 5 of this Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the '*Phase I Term'"). The amount or Pledged Project Increment Revenue due to Developer during the Phase I Term sliall be determined pursuant to the following formula: For Years I — 7 of the Phase I Term, Developer shall receive Seventy-five percent(75%)of the Pledged Project Increment Revenues actually received by the CRA; and For Year 8 of the Please I Tenon,Developer shall receive Fi 11ty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. b, The Base Year for determining Tax Increment Revenue from the Project shall be as follows: For the Phase I Term,the year prior to commencement of construction of Phase I Improvements on the Property, 6.2 No Prior Pledge or Pledged Project Increment Revenues. 'ne 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 car the period covered by term of this Agreement. PURCUIASL AND DEVELOPNIENTAGREBIENT 11fige 34 of 77 6.3 Form of Payment. Payment of shall be in the form ora CRA check made payable to the Developer. No payment made tinder this Agreement shall be conclusive evidence or the performance of this Agreement by Developer, either wholly or in part. and no payment shall be construed to relieve Developer ofobligations tinder this Agreement or to be an acceptance of faulty or incomplete rendition oi'Developer's obligations under this Agreement. Section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this ALlrecincrit shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail, postage prepaid, return receipt requested. The use orelectronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA,such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton Beach Community Redevelopment Agcncy 710 North Federal 1-1ighway, Boynton Beach, Florida 33435 With a copy to: Tara W. Duhy. Esq. Lewis, Longman& Walker, P.A. 515 North Flagler Drive Suite 1500 West Palm Beach. Florida 33401 1 r to Developer.such notice shall be addressed to- Mr. Michael Ross Ocean One Boynton, LLC c/o Gulfstream Property Management 9804 South Military Trial Suite L-I I Boynton Beach. FL 33436 Mr. William Morris Souilicoast Advisors, LLC 777 E. Atlantic Avenue Suite 100 Delray Beach. FL 33483 F. Davis Carnalier Washington Real Estate Partners 1629 K Street N.W, PURCHASE AND DEVELOPMENTAGREEMENT Page 35 of 77 Suite 1200 Washington, DC 20006 With a copy to: Bonnie Miskel, Esq. Gary S. Dunay, r-sq. Dunay, Miskel and Backman. 1,L1' 14 SE 4"'Street Suite 36 Boca Raton, FL 33432 Section 8. Default. The failure ol'Developer to comply with tile provisions set forth in this Agreement shall constitute a deCaull and breach orthis Agreement. If Developer fails to cure tile default within thirty(30) days of notice fro the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease. Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project,or within two(2)years of the Effective Date if tile Developer has failed to commence construction of the Phase I Improvements subject to farce majeure. Either Party may elect to terminate this Agreement by providing 45 days written notice to tile other Party upon one or more of(lie following occurrences: a. The default or either Party. if such del'ault is not cured within the time prescribed by this Agreement; b. "flie Parties enter into a mutually agreed upon,written Addendum,the effect of which is to terminate this Agreement. Section 10. Miscellaneous Provisions. 10.1 Waiver. Tile CRA shall not be responsible for any property damages or personal injury sustained by Developer from any cause whatsoever related to tile development of the Project, Nybether such damage or injury occurs before, during. or after the construction of the Project or the term of this Agreement, Developer hereby forever waives.discharges.and releases the R.A.Cits agents,and its employees. to the fullest extent the law allo%Vs, from any liability ror any damage or injury sustained by Developer. This waiver,discharge,and release specirically include negligence by the CRA, its agents, or its employees, to the fullest extent the law allows. 10.2 Indemnification. Developer shall indemnify, save. and hold harmless the CRA, its agents,and its employees from any liability.claim,demand,suit,loss.cost,expense or damage which may be asserted,claimed,or recovered against or from[lie CRA,its agents.or its employees, by reason or any property damages or personal injury, including death, Sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of. or is otherwise related to tile negligent or wrongful conduct or (lie faulty equipment (including equipment PURCHASE AND DEW3LOPMENT AGREEMENT Paea 36 of 77 installation and removal)orDeveloper. 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 Slat Utes. This paragraph sha I I not be construed to req u i re De ve toper to indemnify the CRA for its own negligence, or intentional acts of[lie CRA, its agents or employees, Each party assumes the risk of personal injury and property damage attributable to the acts or omissions or that party and its officers,employees and agents. 10.3 Assignment, This Agreement may only be assigned by tile Developer to record owners of"(lie Property with the prior written consent of the CRA, which consent shall not be unreasonably withheld. provided, however, that any assignee hereto shall specifically assume all of tile obligations of the Developer under this Agreement. 10.4 Successors and Assigns. The CRA and Developer each binds itself and its partners, successors, executors, administrators and assigns to the other party and to the partners., successors.executors,administrators and assigns of such other party, in respect to all covenants of' this Agreement. Nothing herein shall be construed as creating any personal liability on [lie part of any officer or agent of(lie CRA,nor shall it be construed as giving any rights or benefits hereunder to anyone other than the CRA and the Developer. 10.5 No Discrimination. Developer shall not discriminate against aily person on the basis ofrace, color. relit ion.ancestry, national origin,age, sex. marital status, sexual orientation or disability for any reason in its hiring or contracting practices,associated with this Agreement. 10.6 No Partnership,Etc. Developer agrees nothing contained in this Agreement shall be deemed or construed as creating a partnership.joint venture, or ernployce relationship. It is specifically understood that Developer is an independent contractor and that no employer/employee or principal/agent is or shall be created nor shall exist by reason of (his Agreement or the performance under this Agreement. 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply with Florida's Public Records Law. Specifically,the Developer shall: a. Keep and maintain public records required by the CRA to perform the public services provided for in this Agreement; b. Upon request from the CRA's custodian of public records,provide(lie CRA with a copy of the requested records or allow tile records to be inspected or copied within as reasonable time at a cost that does not exceed the cost provided in this chapter or as otherwise provided by la%v. C, 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 tile contract term and following completion of the contract if Developer does not transfer the records to the CRA. PURCHASE AND DfA'EL0PMENTAGRCi:h%Nrr Page 37 oF77 d, Upon completion of the contract. transfer.at no cost, to the CRA all public records in possession of Developer or keep and maintain public records required by the CRA to perform the service, if Developer transfers all public records to the public agency upon completion of the contract, Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon compiction or the contract, Developer 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 orthe CRA, IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER'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 Boynton Beach CRA(&bbfl.us. 10.8 Entire Agreement, This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered,except in writing and then only if signed by all 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, 10.9 Counterparts and Transmission. To facilitate execution.this Agreement may be executed in as many counterparts as may be convenient or required,each orwhich 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 bejoined together and attached to one such original and it shall constitute one and tile same instrument. In addition. said counterparts may be transmitted electronically (i.e.. via facsimile or pdf format document sent via electronic mail). which transmitted document shall be deemed an original document for al I purposes hereunder. 10.10 Agreement Deemed to be Drafted Jointly. 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 or 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. 10.11 Governing Law, jurisdiction, and Venue. The terms and provisions or this Agreement shall be governed by,and construed and en rorced 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 shal I be Palm Beach County, Florida, for all purposes,to which tile Parties expressly agree and submit. 10.12 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, , $ AW-1 PURCI JASE AND DEVELOPMENT AGREEMENT Page 38 of 77 and each Party is advised to seek independent legal advice in connection with the matters rercrenced herein, 10.13 Severability. If any part of this Agreement is fiJund invalid or unenforceable by any court, such invalidity or unenforceability shall not affiect (lie other parts of the Agreement if the rights and obligations of the Parties contained herein are not materially prejudiced and if the intentions tat`the Parties can continue to be achieved. To that end. this Agreement is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion, waive any requirement of Developer contained in this Agreement. 10.15 ComplianceivithLaws. In its performance tinder this Agreement,Developer shall comply with all applicable federal and state laws and regulations and all applicable Palm Beach County,City of Boynton Beach.and CRA ordinances and regulations. 10.16 Effective Date. This Agreement will become effective upon the date and time the last party executes this Agreement. 10.17 Sur-viva]. The provisions of this Agreement regarding public records, indemnity, and waiver shall survive (lie expiration or termination of this Agreement and remain in full Force and effect. PURCHASE AND DEVELOPMENT AGREEMCNT Page 39 of 77 IN WITNESS OF THE FOREGOING,the parties have set their lends and seals tile day and year I irst above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited liability company By:__ Print Name: PrintName: Title: Print Name: STATE OFFLORA DA SS; COUNTY 01" BEFORE ME. an officer duty authorized by law to administer oaths and take acknowledgments, personally appeared as of OCEAN ONE BOVNTON, LLC, and acknowledged tinder oath that he/she has executed tile foregoing Agreement as the proper official of OCEAN ONE BOYNTON, LLC, for tile use and purposes mentioned herein and that the instrument is the act and deed of OCEAN ONE BOYNTON,LLC. I le/she is personally known to me or has produced as identification, IN WITNESS OF TI IE FOREGOING, I have set my hand and official seal at in the State and County aforesaid oil this day of . 2017. My Commission Expires: Notary PLtbl ic, State or Florida at Large ]REMAINDER OF PACE INTENTIONALLY LEFT BLANK) IC RA SIGNATURE ON FOLLOWING PACE] WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PURCHASE AND DEVELOPMENFAGRCEMENT Page 40 oF77 By: Print Name: Steven Grant.CRA Board Chair Print Name: STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared Steven Grant as Board Chair of 130YNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the roregoing 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. Fic/she is personally known to me or has produced as identification. IN WITNESS OFTI IE FOREGOING, I linve set my hand and official sea] at in the State and County aforesaid on this day of . 2017, My Commission Expires: Notary Public, State of lorida at Large PURCHASE AND DEVELOPIVIENTAGREEMENT Page 41 oF77 Exhibit "A" (Project) (see uttached) PURCHASE AND DEVELOPMENT AGREEMENT Page 42 of 77 WAM 00,04 US NWAY A T m W_ SIR A GO 64O Al-WW, ctp -- Ocean One COHEN-FREEDMAN-ENCINOSA A ASSOC, rA K FKXROL_=AY"UM"!!F4Z 11- Archlwt4 PA Maw I W_ Sim bm w"Wnei ukal t4uA,rkvwa 3MA m nd PURC14ASE AND DEV ELOPIVIENTAGREEM ENT Page 43 of 77 Exhibit "B" (Property) (see attached) PURCHASE AND DE VELOPNI ENTAGRELIvt ENT Page 44 of 77 it awn mr, fI#TC1nlI>Ina"oR .A sUIRVE I Yl N I G --M 1�AP,P".I"N 0 Tel:(%Ij 24 1-.9M Cargil;wt oiAiAJm)dzWsn NmLB1264 I=( 9241ZI U SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) OCEAN ONE - PHASE I LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTI 1,..RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, INCLUDING PORTIONS OF LOTS I THROUGH 6, "FUNK BROS, ADDITION TO TI IE TOWN OF BOYNTON", AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUHLIC RECORDS OF PAI P. BEACH COUNTY, Ff.ORIDA, AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION". AS RECORDED IN PLAT BOOK I AT PAGE 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PACE 2, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 27; THENCE NORTul 89055,38' EAST, ALONG THE NORTH i INE OF SAID SECTION 27, A DISTANCE OF 66,08 FEET; THENCE SOUTH 00'04'22" EAST, A DISTANICE OF 22.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89,55'381, EAST, A DISTANCE OF 216.56 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS Or 25.00 FEET AND A CENTRAL ANGLE OF 880 2052", A DISTANCE OF 38,55 FEET TO THE POINT Or TANGENCY; TI IENCE SOUTH 01,43'30" EAST, ALONG A LINE 15,00 FEET WEST or AND PARALLEt WITH THE EAST LINT: OF SAID LOTS 1 THROUGH 6 AND THE EAST UNE OF SAID LOT 41 A IDISTANCE OF 287.77 FEET, THENCE SOUTH 88",37'13" WEST, A DISTANCE '6F 268.22 FEET, THENCE NORTH 01'23'00" WEST, ALONG A LINE 60,00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF SAID SECTION 2/. A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE NORTHERLY AND EASTERLY ALONG THE ARC OF SAID CURVE, HAVING A RADIUS or 25.00 rFFT AND, A CENTRAI. ANGLE OF 91'18-38", A DISTANCE Or 39,B4 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF 80YNTON BEACH,PALMI BEACH COUNTY,FLORIDA, AND CONTAIN 83,950 SQUARE FEET, MORE OR LESS, NOTES 1, REPRODUCTIONS OF THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND FHL ORIGINAL RAISED SEAL OF A FLORIDA LiCLNSEL, SURVEYOR AND MAPPER, 2. NO SEARCH OF THE PUBLIC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION 3. BEARINGS SHOWN HEREON ARE DASED ON THE WEST LINE OF IHL NORTHWEST ONE- QUARTER OF SECTION 27,HAVING A BEARING OF NORTH 01'23'00" WEST,ACCORDING TO THE STATE PLANE COORDINATE SYSTEM,STATE OF FLORIDA,EAST ZONE,NORTH AMERICAN DATUM OF 1983, 1990 ADJUSTMENT CERTIFICATION IHEREBY CERTIFY THAT THE SKETCH AND DESCRIPTION SHOWN HEREON COMPLIES WITH STANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 61C17-6,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472.027,FLORIDA STATUTES.AND THAT SAID SKETCH AND DESCRIPTION IS TRUE AND CORRECT TO Tht BEST Of MY K14OVILEDGE AND BELIEF AS PREPARED UNDER MY DIRECRON. SURVEYOR AND MAPPER FLORIDA LICENSE NO,LS5111 Mme"... OcEm OK 08/26t2DR 24-No Jv TD SHCET 1 OF 2 PURCHASE AND DEVrL 0Pf'viNNT AGREEMENT Page 45 of 77 SKETCH AND LEGAL DESCRIPTION W 1 d'R ER (NOT A SURVEY) � SECTION 27;45-43 {NOT FUN1189°55'38"I: 86.D8' .._..,. p BOYNTON BEACH BOULEVAR P.Q.$. N LIME SECTION 27-45-43 r N89`55`38"E 216.56' r�yy��yy' yy�� rys� p� L•38.55° � - OOO 04'2 "e" Z..�,. :'`=.y.. _. D-88'20'52" ^p. LCAT 1 -�[� R-25.00' A/W A"6.-NMEN�T.� 60 L*39.$4' (OR13 9016,PG.975 — p D-914 18'38" LOT 2 I F FSR. I_ZEMtT _ 6 (ORB 19494,E G.1699)c: td LC37 3 AGREEM'EN'T PLAT" LOT 4 a ry (P.B. 10i PG,2) EPt "FUNIC 13T�17S. AL4C1STiDIV' LA O T 5 0 >0 LOT 6 rn S88°37"13i�W 268.22' i a" DEDIC.ATEO t E y IW W Q "AGREEMENT PLAT"" 4 s. i M 10,PG. 2) 100 LOT 41 '. "DEWEY`'S 5UBDIv 1511 1~1" (P.B. 1,P . 37) 1 w ABBREVIA fC� 18 L "CURGIN B DELTA BCEl9Ti3AL ilOLE) a sB. LICENSED BUSINESS L.S. LECUMD S11MYOR U.lI.i4. OFFICIAL IRECOgDS BOX P-0-0. POINT Of BEGINKI[G L --F.o C. P31NY OF COWTUCEWENT x P.B, PLAT BIIIlA I . LINE LOT 41 P.Ut C.R... . PALM BEAN COI#I3TY RECORDS_®".——.,.....— _ ..... . . ,....... PG. i PACE �._....�..... P.5-w- PBRO!'ESStDUALAacPPEn SUAVEYOR ULAN AtlENUE{ R Bf.TA�.,�-� Rfe RIuv-ot•wAY F@, Tk417' I 0-rntse3 14wi MEAN MEqrG IV#' A H '4CALEi __ "• _. .cac1a c i TP erA'ci 08P7SP20t7 7.OF 2... ;. 4 �ItHt v 1 PURCHASE AND D EVE LOPMENTAGRE EMENT Pagc 46,[77 Exhibit "C" (Public Parking) (see attached) � o ! f p y �$ c e - _ + Sigel ton, i 0 OIL 1 � u LL JOLtO ec! LN3-k':IUDV.1.NRU01WIC)(INV 3SVIIJ-d,l! PURCHASE AND DCVELOPMENT AGRi�laleIENT Page 48 of 77 EXHIBIT"D" ANNUAL PERFORMANCE REPORT FORM (shall be required annually) Time Period Date Prior to and during the construction of Phase I(if applicable): 1. Hired job placement consultant on 2, Hosted a job fair on 3. Noticed through the Community Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement In subcontractor's contracts to hire and train local residents 5. Provided list of job positions and descriptions to Community Outreach Partner 6. Receipt of written confirmation from the contractor and subcontractors of the requirement to use minimum living wage on Prior to and during the construction of Phase 11(if applicable): 1. Obtained approval for a 100-room hotel on 2. Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on Post construction Certification requirements Phase I certification(if applicable): 1. Provided Certificate of occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on PURCHASL AND DEVr;,].OPN-IENI'A(]Rr,[:-'Mr,.Nl' Page 49 of 77 2. Provided a Certificate of Completion for the Project's 8,575 square feet of commercial is completed as a Grey Shell on 3. Provided certificate of completion of the 50 Phase I public parking spaces on 4Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System an P URCI I ASE A ND DEVELOPM ENT AGREEMENT Page 50 of 77 SPECIAL WARRANTY DEED EXHIBIT"E" PUBLIC PLAZA PURCHASE AND DEVELOPMENT AGREEMENT 'age 51 of 77 i �f 1f s 6 t t k PURCHASE AND 1XVELOPMENTAGREEMENT Pagc 52 of 77 EXHIBIT"'D" TAX INCREMENT REVENUE FINANCE AGREEMENT PURMASE AND DEVUOMMEWAGR[ ME I' Pap 53 of 77 TAX INCREMENT IREVENUE FUNDING AGREEMENT This Tax increment Revenue Funding Agreement(hereinafter"Agreement")entered into asofthe-day of 2017, by and between: BOYNTON BEACH COMMUNITY ]REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163. Part Ill of the Florida Statutes,(hereinafter referred to as "CRA"),with a business address of 710 North Federal I I ighwiy, Boynton Beach, Florida 33435, and OCEAN ONE BOYNTON, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail, Suite E-1 1. Boynton Beach, Fl.- 33436(hereinafter referred to as the"Developer"). RECITALS WHEREAS, Developer intends to construct the Project which will include a minimum or 231 multi-lamily units with related amenities and approximately 8,575 square feet orcommercial space as depicted in the Site Plan attached hereto as Exhibit "A," (hereinafter referred to as the "Project");and WHEREAS, the CRA has determined that the Project furthers the Boynton Beach Community Redevelopment Plan;and WHEREAS, Developer has the knowledge, ability, skill, and resources to efibctuatc the construction and development orthe Project:and WHEREAS, the CRA has determined that a public-private partnership in which the CRA provides Tax Increment Revenue Funding for the Project will further the goals and objectives of the Community Redevelopment flan;: NO THEREFORE, in consideration of tile mutual covenants and promises set forth herein, (fie sufficiency of which both Parties hereby acknowledge.the Parties Agree as follows; Section 1, Incorpgration. The recitals above and all other information above are hereby incorporated herein as if fully set forth. Section 2. Definitions.. As used in this Agreement, the following; terms shall have the following meanings, which shall apply to words in both the singular and plural forms of such words: 2.1. "Base Year" mean the base year for determining Tax Increment Revenue from tile Project. PURCHASE AND DEVELOPMENT AGREEMENT Pa-C 54 of 77 2.2 "Benchmarks" shall be the various percentage thresholds of occupancy or tile 8,575 commercial/retail space for any year of the Phase I Term as set forth in Paragraph 5..1.6, 2.3 "Certificate of Occupancy" means the certifcate issued by tile City pursuant to the City of Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that the same may be used for the purposes stated [herein, 2.4. "City" means tile City of'Boynton Beach, Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in hand for any of'the construction activities contained herein and beginning to actually demolish, excavate or prepare the site for development of the applicable phase of the Project in accordance with the City Code and continuing until completion of construction of the Project or Phase of the Project as applicable in accordnnee with tile Florida Building Code. 2.6 "Cocumunity Outreach Partner" means (lie for-profit or non-profit group or organization selected by Developer with whom Developer shall coordinate on tile issues and obligations in this Agreement pertaining to employment or City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a subcontractor or any other business entering into a contract with the Developer related to the construction orthe Project or part thereof. 2.8 E ffective Da te"shall rrican the date the last party to this Agreement executes this Agreement. 2.9 "Good Faith Effort" is considered to have been made when the respective parties lave used reasonable rricans to comply with tile associated directives and/or provisions set forth in this Agreement. 2.10 "Grey Shell" means an unfinished interior, lacking heating, ventilating, air conditioning, lighting, plumbing, ceilings. elevators, interior walls, etc. and ready for tenant improvements, 2.11 "Locally Owned Small Businesses" means any business that is wholly owned by individuals who reside in the City. If a business is owned by a corporation, then tile corporation must be wholly owned by individuals who reside in the City, If the business is owned by a partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wage" means the hourly rate that an individual must earn to support his or her family if they are the sole provider and are working full time (2,080 hours per year) in accordance with Palm Beach County Code Chapter '—). Article IV. Division 3 (tile Palm Beach County Living Wage Ordinance),as amended. PUM[ASE AND DE VELOPIMENT AGREEMENT Pav 55 of 77 2.13 "Notionally Recognized High Performance Green Building Rating System" means any one of the following. the Florida Green Building Coalition (FGBC) Standards, the Green Building Initiative's (GBI) Green Globe rating system, the United States Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) Standards, or the National Association ofHomebUilders(NAHB)National Green Building Standards(NOBS). 2.14 "Pledged Project Increment Revenue" means an amount calculated by multiplying Tax Increment Revenue from the applicable phase of the Project by agreed upon percentage factor as provided for in this Agreement. 2.15 "Property" means the property subject to this Agreement upon which the Project shall be developed as more particularly described in Exhibit"B," hereto. 2.16 "Site Plant' shall mean the approved Site Plan attached hereto as Exhibit "A," approved by the City or Boynton Beach. file#NWSP 16-002, Section 3. Developer's ObligationsandCovenants, 3.1 Construction of the Project, Developer agrees to Commence Construction of the Project within two(2)years ol'the Effective Date of this Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as"Phase I Improvements:": r: Developer shall construct a minimum of 231 multi-family residential units with related amenities. 9. Developer shall construct a minimum of 8,575 square feet of commercial/retail space: h. Developer shall construct Parking Improvements,conceptually depicted on Exhibit,"C,"hereto,consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist of structured parking, surface parking, valet parking, mechanical parking. shared parking or any other means as allowed under local city ordinance, Upon completion of the Public Parking, Developer and the CRA shall enter into a Parking Management Agreement to estabi ish the maintenance responsibilities of the CR A for the Public Parking. If Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion or construction of the Public Parking. either party may request binding arbitration to complete the terms of the Agreement. i. Construction of the multi-family residential units for the Project shall be in compliance with, qualify for and receive Florida Green Building Certification. PURCHASE AND DEVELOPMENTAGREZMEN T Pap 56 of 77 j. Prior to and during the construction of(lie Pruject. the Developer shall W I lire a job placement consultant during the construction period of this Agreement: 0 I-lost a job fair; 0 Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction of Phase I of the Project. a Include in all contracts with Contractors requirements that the Contractors use Good Faith Efrorts to hire and train City residents to participate in the construction of Phase I o f the Project; o Provide a list orjob positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in the construction of Phase I of the Project. 0 Use Good Faith Efrorts to offer permanent job positions resulting from Phase I orthe PrcJect to qualified City residents: 0 Notify and refer job training and job placement opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each are able and wil I ing to provide such training;and a Pay or cause to be paid ne%v hires in all permanent positions residing within the City a minimum orthe Living Wage, Section 4, Annual Perfarmance Report. Developer shall annually provide (lie CRA with an Annual Performance Report For the Project indicating the status or Developer's compliance with the requirements of this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property(axes for the Property for the preceding year,Such report must be submitted to [lie CRA no later than the last day of April for the preceding year in a form substantially in accordance %vith the form attached hereto as Exhibit'T." Section 5. Certification.Rg9girements. 5.1 As a condition precedent to its receipt of any Pledged Project Increment Revenue pursuant to this Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County Property Appraiser PURCHASE AND DEVELOPNIENT AGREEMENT Page 57 of 77 and these Parcel Control Numbers have been placed oil the Palm Beach County tax rolls and assigned taxable value prior to tile Base Year for each Phase;and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence of compliance with the requirements or this Agreement as set Forth below and evidencing that Developer has paid all property taxes for tile preceding year; and 5.1.3 Upon receipt of the Annual Performance Report. 2, the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and certifying Developer's compliance with all conditions precedent fear receiving Pledged Increment Revenue for that Phase 1, which approval shall not be unreasonably withheld , 5,11.4 The CRA has receivedTax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year-,and 5.1.5 Developer shall not be entitled to any Pledged Project Increment Revenue payments it the Developer has failed to meet its obligations under this Agreement or is otherwise in derault under the teres of this Agreement and has failed to sulliciently cure tile default as provided for herein after appropriate notice or such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event file Developer is in default of this Agreement so long as,once a default is cured. Developer shall continue to receive their Direct Incentive Funding for the Project Lip to tile Pledged Project Increment Revenue and any time periods for perrormiince hereunder shall be extended for the same period or time needed to cure the default. 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy of' 8.575 square feet of commercial/retail space (tile "Coin mere in I/Reta i I Space")forany year ofthe Phase I Term,Developer's percentage of tile Pledged Increment Revenue to be paid to Developer shall be reduced by 10%For that year of the Phase I Term, d. Developer Must certify that?5%of the Commercial/Retail Space has been occupied by coin mercial/reta i I tenants by at least the third year of tile Phase I Term as defined herein. Once the 25%threshold is obtained, whether it be in the First, second or third year, the threshold shall be deemed satisfied forever,even ir in the future the actual amount occupied thereafter is less than 25%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once tile 25% threshold is achieved, Developer shall be entitled to the Pledged Increment Revenue ror the year in which the 25% threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved; el Developer must certify that 50%of the Commercial/Retail Space has been occupied by commercial/retai I tenants by at least the sixth year ofthe Phase I Term as dertned herein. Once the 50% threshold is obtained, whether it be in any year PURCHASE AND DEVELOMMENTAGREEMEN F Page 58 oF77 prior to the end o r(lie sixth year of the Phase I Term,11,ic threshold shall be deemed satisfied forever, even if in (lie suture the actual amount occupied thereafter is less than 50%.Accordingly.as long as Developer did not default Linder any commercial lease and continues in good Faith to re-market the property for lease,once tile 50% threshold is satisfied, Developer shall be entitled to the Pledged Increment Revenue for[lie year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved; and f. Developer must certify that 70% of the Commercia VRetail Space has been occupied by the corn merciallreta i I tenants by at least the eighth year o r tile Phase I Terni as defined herein. Once the 70%threshold is obtained,whether it be in ally year prior to the end or the eighth year of the Phase I Term, the threshold shall be deemed satisfied forever.even ifin the future the actual amount occupied thereafter is less than 70%. Accordingly, as long as Developer did not default under any commercial lease and continues in good Ibith to re-market the property for lease, once satisfied, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during the Phase I Term. 5.2 Certification. 5.2,1 Developer shall cerdry in its Arinual Performance Report that it has rnet its obligation under Section 3,1.1 a. and 3.1.I.b. of this Agreement by providing a Certificate of Occupancy for all residential components of the Phase I improvements and Certificate of Completion for all nonresidential components of tile Phase I improvements from the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of all Phase I improvements have been placed oil the Palm Beach County tax rolls for tile Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has met its obligation Linder Section 3.1.I c of this Agreement by demonstrating that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the public and excluded from use by Multifamily and commercial units that are part orthe Project, 5.2.3 Developer shall confirm in its Annual Performance Report that it has met its obligation Linder Section 3.1 I.d of'this Agreement by providing proof of receipt or Florida Green Building Certification. 5.2.4 Developer shall certify in its Annual Performance Report that it has met its obligation Linder Section 3,1.I.e ofthis Agreement by: a. Demonstrating that it hired and utilized (lie services of a job placement consultant and by reporting the job placement consultant's activities during construction of Phase I of the Project: b. Demonstrating that it held a job rair; and IWWA! PURCHASE AND DEVELOPMENT AGRrUMENT Page 59 of 77 c. Requiring all Contractors covered by the terms of this Agreement to provide annual copies of its records, reports or any other information necessary to monitor compliance with the provisions of Section 3.1.1 e of this Agreement and require all Contractors to submit annual payrolls to the Developer ileal include the fiollowing information pertaining to all Locally Owned Small Business hired to work on or for Phase I of the Project: name,address and the number of hours worked for the period.until a Certificate of Occupancy is is-sued for at least 90%orthe residential units of Phase I of the Project. Section 6. Pledged ProjectIncreineut Revenue. 6.1 Formula and Term. 6.1.1 The amount of the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on the following formula.- C. Developer shall receive Pledgcd Project Increment Revenue for Phase I Improvements for a term of eight (8) consecutive years, beginning the year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3, 4, and 5 of dais Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the '-Phase I Term"), The amount of Pledged Project Increment Revenue due to Developer during the Phase I Term shall be determined pursuant to the following formula: For Years I - 7 of the Phase I Term, Developer shall receive Seventy-five percent(75%)of the Pledged Project Increment Revenues actually received by the CRA: and For Year 8 of the Phase I Terni, Developer shall receive Fifty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. d. The Base Year for determining Tax Increment Revenue from the Project shall be as follows: For[tic Phase I Term.the year prior to commencement of construction of Phase I Improvements on the Property. 6.2 No Prior Pledge of Pledged Project 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 ol"this Agreement. PURCHASE AND DEVC-I.OPiMEi\'I'AG[tLEfvlE?N'I' Pate 60 of 77 6.3 Form of Payment. Payment ofshall be in the form of a CRA check made payable to the Developer. No payment made Linder this Agreement shall be conclusive evidence or the performance of this Agreement by Developer, either wholly or in part, and no payment shall be construed to relieve Developer of obligations Linder this Agreement orto be an acceptance of faulty or incomplete rendition of Developer's obligations under this Agreement. Section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this Agreement shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail. postage prepaid. return receipt requested. The use of electronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA, such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton Beach Community Redevelopment Agency 7I Noah Federal flighway, Boynton Beach, Florida 33435 With a copy to: Tara W, Duhy, Esq. Lewis, Longman & Walker, P.A. 515 North Flagler Drive Suite 1500 West Palm Beach, Florida 33401 ll'to Developer, such notice shall be addressed to: Mr, Michael Ross Ocean One Boynton.LLC c/o Gulfstream Property Management 9804 South Military'Frial Suite E-1 I Boynton Beach, FL 33436 Mr. William Morris Southcoast Advisors, LLC 777 E. Atlantic Avenue Suite 100 Delray Beach, I-L 33483 F. Davis Camalier Washington Real Estate Partners 1629 K Street N.W. PURCHASE AND DEVELOPMENT AGRF'E'NIENT Page 61 of 77 Suite 1200 Washington, DC 20006 With a copy to: Bonnie Miskel. Esq. Gary S. Dunay, Esq, Dunay, Miskel and Backman, LLP 14 SE 4"'Street Suite 36 Boca Raton, FL 33432 Section 8. 12gfoul . The failure of Developer to comply with the provisions set forth in this Agreement shall constitute a default and breach ofthis Agreement. IrDeveloper fails to cure the default within thirty (30)days of notice From the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease, Section J. Termination. Unless earlier terminated pursuant to the terms herein. this Agreement shall automatically ten-ninate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project,or within two(2)years ofthe Effective Date if tile Developer has railed to commence construction oll'thc Phase I Improvements subject to force majeurc. Either Party may elect to terminate this Agreement by providing 45 days written notice to the other Party upon one or more or the following occurrences: C, The default of either Party, if such del-ault is not Cured within the time prescribed by this Agreement; d. The Parties enter into mutually agreed upon,written Addendum,the cNect of which is to terminate this Agreement. Section 10. Miscellaneous Provisions, 10.1 Waiver. Tile CRA shall not be responsible for any property damages or personal injury sustained by Developer from any cause whatsoever related to the development or the Project, whether such damage or injury occurs before, during, or after the construction of(lie Project or the term of this Agreement. Developer hereby forever waives,discharges.and releases (lie CRA. its agents, and its employees,to the fullest extent the law allows, from any liability for any damage or injury sustained by Developer. This waiver,discharge,and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the IaNv allows, 10.2 Indemnification. Developer shall indemnify. save. and hold harmless the CRA. its agents,and its employees from any liability.claim,demand,suit, loss.cost,expense or damage which may be asserted,claimed,or recovered against or from the CRA,its agents,or its employees. by reason of any property damages or personal injury, including death. sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of, or is otherwise related to the negligent or wrongful conduct or the faulty equipment (including equipment PURCHASE AND DEVELOPMENTAGREEMENT Pogo 62 of 77 installation and rernoval) of Developer. Nothing in this Agreement shalt be deemed to a 1'rect the rights, privileges, and SOVCTCigr) irrallUnitieS Of the CRA as set forth in Section 76 .28, Florida Statutes, This paragraph shall not be construed to require Developer to indemnify the CRA for its own negligence, or intentional acts or(lie CRA, its agents or employees, Gael party assumes the risk of personal injury and property damage attributable to the acts or omissions of that party and its officers,employees and agents. 10.3 Assignment. This Agreement may only be assigned by tile Developer to record owners of the Property with the prior written consent of(lie CRA, %;hich consent shall not be unreasonably withlield, provided, however, that any assignee hereto shall specifically assume all of the obligations of the Developer under this Agreement, 10.4 Successors and Assigns, The CRA and Developer each binds itself and its partners, successors. executors, administrators and assigns to the other party and to the partners, successors,executors,administrators and assigns ol'such other party, in respect to all covenants of 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 tile CRA and the Developer. 10.5 No Discrimination. Developer shall not discriminate against any person on the basis of race,color. religion, ancestry, national origin. age.sex. marital status. sexual orientation or disability for any reason in its hiring or contracting practices associated with this Agreement. 10.6 No Partnership, Etc. Developer agrees nothing contained in this Agreement shall be deemed or construed as creating a partnership,joint venture, or employee relationship. It is specifically understood that Developer is oil independent contractor and that no employe r/employee or principal/agent is or shall be created nor shall exist by reason of this Agreement or the performance under this Agreement. 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply with Florida's Public Records Law. Specifically,the Developer shall: C. Keep and maintain public records required by the CRA to perform the public services provided for in this Agreement: 171 Upon request from the CRA's custodian of public records.provide the CRA with a copy of(lie 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 this chapter or as otherwise provided by law. 9. 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 tile duration of the contract term and Following completion of the contract if Developer does not transfer the records to the CRA. PURCHASE AND DEVELOPMUNT AGRUNIFNT Page 63 or 77 h. Upon completion of the contract, transfer, at no cost, to the CRA all public records in possession ol'Developer or keep and maintain public records required by the CRA to perform the service, If Developer transfers all public records to the public agency upon completion of the contract. Developer shall destroy ally duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon completion of the contract. Developer 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 orpublic records.in a format that is compatible with the information technology systems of the CRA IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER"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 Boynton BeachCRA(tcbbMus. 10.8 Entire Agreement. This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein, No terms herein may be altered,except in writing and(lien only if signed by all 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. 10.9 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 [lie 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,c., via facsimile or pdf format document sent via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. 10.10 Agreement Deemed to be Drafted Jointly. This Agreement shall be deemed to be drafted jointly and shall not be construed more or less favorably towards any or the parties by virtue of the fact that one party or its attorney draflcd all or any part thereof. Any ambiguity round to exist shall be resolved by construing the terms or this Agreement fairly and reasonably in accordance with the purpose of this Agreement, 10.11 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'l-lorida and the United States of America, without regard to conflict of law principles. Venue nand jurisdiction shall be Pagan Beach County, Florida. for all purposes,to which (lie Parties expressly agree and submit. 10.12 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, PURCHASE AND DEVELOPMENT AGREEMENT Page 64 of 77 and tach Party is advised to seek independent legal advice in connection with the matters referenced herein. 10.13 Severability. If any part of this Agreement is found invalid or unenforceable by any court, such invalidity Or Linen forceabi I ity shall no( affect the other parts of the Agreement if' the rights and obligations of the Parties contained herein are not materially prejudiced and if(lie intentions of the Parties can continue to be achieved. To that end. this Agreement is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sale and absolute discretion,waive any requirement of Developer contained in this Agreement. 10.15 Complianecwith ll-,aws. In its performance under this Agreement,Developer shall comply with all applicable federal and state laws and regulations and all applicable [pales Beach M County, City of Boynton Beach,and CRA ordinances and regulations, 10.16 Effective Date. This Agreement will become of upon the date and time the Iasi party executes this Agreement, 10.17 Survival. The provisions of this Agreement regarding public records. indemnity, and waiver shall survive the expiration or termination of this Agreement and remain in full force and effect. PURCHASE AND DCV CLOPMENTAGRLE M ENT Page 65 or 77 IN WITNESS OF THE FOREGOING, the parties have set their lands acid seals the day and year first above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited liability company By: Print Name: Print Name: Title: Print Name- STATE OF FLORIDA SS: COUNTY OF BEFORE ME, an officer duly authorized by lmy to administer oaths and take acknowledgments, personally appeared as of OCEAN ONE BOYNTON, LLC. and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of OCEAN ONE BOYNTON, LLC, for Elie use and purposes mentioned herein and that the instrument is the act and deed of OCEAN ONE BOYNTON,LLC. He/she is 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 aroresaid on this day of . 2017, My Commission Expires: Notary Public. State of Florida at Large IREMAINDER OF PAGE INTENTIONALLY LEFT BLANKI [CRA SIGNATURE ON FOLLOWING PAGE1 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PURCHASE AND DEVELOPMENT AGREEMENT Page 66 of 77 By: Print Name; Steven Grant.CRA Board Chair Print Name: STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duty authorized by IaNv to administer oaths and take acknowledgments, personally appeared Steven Grant as Board Chair of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that lie/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 BEACI I COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me 01' has produced as identification. IN WITNESS OF THE FOREGOING, I have set my hand and official seal sat in the State and County aforesaid on [his day of 2017, My Commission Expires: Notary Public,State of Florida at Large PURCHASE AND DEVELOPMENT AGREEMNT Ilage 67 oF77 EvIdbit "A" (Project) (Nee attached) PURCHASE AND DEVELOPMENT AGREEMEN'J" Page 68 oF77 FWAR ftv&4 us Namy PA I fT Tww 13 ti ED I fit- -m It 0,111 IN 1r 1" Not I a>1 I " th anOneCOHEN-FREEDMAN ENCINOSA & ASSOC M It FEDER&HOWAY.BMW=BEACR FL AmbilecK PA bBaw LEVEL PLA4 , IN,W. IAU.1 Ut-N MAW. 33014 30d LT96 Ym 11URCHASE AND DEVELOPIMENT AGREEMENT Page 69 of 77 Exhibit "B" (Property) (see attached) PURCHASE AND DEVELOPIMENTAGRECMENT Page 70 of 77 VL%M,ie 047 rjNmmlo Rw Tat(561)241-99e8 SURVEYING & MAPP Caiffl,pin olAiAluiaion No.LWAAP Fej:§61241-5192 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) OCEAN ONE - PHASE 1 LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTH,RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, INCLUDING PORTIONS OF LOTS I THROUGH 6, "FUNK BROS. ADDITION To THE TOWN OF BOYNTON-', AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUBLIC RECORDS OF PA-MF BEACH COUNTY, F1 ORIDA. AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION", AS RECORDED IN PLAT BOOK I AT PAGE 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PACE 2, AND BEING MORE PARTICULARLY DESCR;BED AS FOLLOWS1 COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 27; THENCE NORTH 89*55'38' EAST, ALONG THF NORTH LINE OF SAID SECTION 27, A DISTANCE OF 86.08 FEET; THENCE SOUTH 00'04'72" EAST, A DISTA14CE OF 22.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89"55',3$" EAST, A DISTANCE OF 216,56 FEE] TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHTi THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE, HAVING A RADUS Or 25.00 FEET AND A CENTRAL ANGLE Or 880 20'52", A DISTANCE OF 38,55 FEET TO THE POINT OF TANGENCY; 71 IE'NCE SOUTH 01,43,3011 EAST, ALONG A LINE 15.00 FEET WIEST or AND PARA110 WITH THE EAST I INE OF SAID LOTS I THROUGH 6 AND THE EAST LINE OF SAID I OT 41, A DISTANCE OF 287.77 FEET; THENCE SOUTH 88'37'13" WESI, A DISTANCE OF 268 22 FEET. THENCE NOR!H OP 23-00" WEST, ALONG A LINE 60.00 FEET EAST OF AND PARALLEL WI I'H THE WEST LINE OF SAID SECTION 27, A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RICK; THENCE NORTHERLY AND EASTERLY ALONG THE ARC OF SAID CURVE, HAVING A RADIUS or 25.00 FEET AND A CENTRAI ANGI,E OF 910 18'38", A DISTANCIF Or 39,84 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF BOYNTON BEACH,PALM BEACH COUNTY, FLORIDA, AND CONTAIN 83,950 SQUARE FEET,MORF_ OR LESS. NOTES I. TIEPRoDumoNs or THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICtNSEL SURVEYOR ANT) MAPPFR, 2. 'HCl SEARCH OF THE PUAJIC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION, 0L.BEARINGS SHOWN HEREON ARE OASED ON THE WEST LINE OF IF E NORTHWEST ONE- TER OF SECTION 27.HAVING A %,ARING OF NOR tH 02'23'00" VIE ST,ACCORDING To THE STATE PLANE COORMNATE SYSTEM.STATE OF FLORIDA,EMT ZONE,NORTH AMERICAN DATUM OF 1983, 1900 ADJUSTMENT CERTIFICATION THEREBY CERTIFY THAT THE SKETCH AND DESCRMVIDN SHOWN HEREON COMPLIES WITH 5TANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 61017-6,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472.027,FLORIDA STATUTES,AND THAT SAID SKETCH AND DESCR-PTION IS TRUE AND CORRECT TO THE 13EST OF MY KNOWLEDGE AND BELIEF AS PREPARED UNDER My DIRECrION. SURVEYOR AND MAPPER FLORIDA LICENSE NO.LS5PI ,.Taal 0# 1 vc[Ni WE 12612017 166 009 al. 4'1a isA TD mi toF 2 PURCHASE AND DEVELOPMENT A REEMEW Page 71 oF77 P.O.C. SKETCH AND LEGAL, DESCRIPTION NW CORNER (NOT A SURVEY) SECTION 27-45-43 MOT FOUND) N894 551381,E 86.08" BOYNTON BEACH BOULEVALt � �� N UNE SECTION 27-X15-43 .. . 8:25.0 N89.5 ' 16,56" L-3B.55 SOO*04.2 "E � T�- 0.1 8"20'52. ,1 22.111}' ....: .� ��- 1 LST 1 �� J .. E R-25.11 ' r .�.vDONMENT L-39.841380(ORB 29©16,PG.'975) 1.91`18' ' .,. LOT 2 " -F-WL- EAS&ENT (ORB 19094,PG. 1699) LOT 3 _ ",AGREEMENT PLAT" �: ' (P.B. 10,PG. 2) LOT 4 % 4-I;Z "FUNK BROS. AMMON W rn rn L41 Z 07 5o 0 LOT6 - caterot r G.I. W 5880 37'13"W 268.22' IW 1 10'R/W T BE DED°GATEDn 11 a 10. s �, Irn "AGREEMENT PLAT" 1P,B. 10, PG.21 4 LDT 41 VEWEVS SUBDIVISION" —� 1P.B. 1" PG, 371 °ABBREVIATIONS aDELTA IMITRAL ANGLES L.B. LICENSEO BUSINESS L.S. LICENSED SMVE VCR 0 x.11. 0,:FICIAL RECO;tUS BUOY. P31fif OF-REGINN1114 G7 r°,b. •. PLAf Am Lr�A S LINE LOT 41 F.U.c.s. f°Atm"Asir couRrt PEC C - _ _ PC. PACE .—..,. ..° ..�......E('S,R ..4.. P.S.r1.. _ PriaiESSIBNAt St1Rr±"oft i. �10EAN AVENUE(BR 13t14� r#�1� �r�rlr�IR•wtr W. 04115 FPG�Y/I k6 l Gum W fill 45" YCN.'jX }`' '. t PURCHASE� AND DEVELOPMENT AGREEMENT Page 72 of 77 Exhibit "C" (Public Parking), (see attached) ME --- — - I iia -� 1, WE N R'd tl tl 9 C) 00 PURCI IASE AND WVELOPMENTAGREENIENT Poge 74 of 77 EXHIBIT"0" ANNUAL PERFORMANCE REPORT FORM (shall be required annually) Time Period Date Prior to and during the construction of Phase I(if applicable)- 1. Hired job placement consultant on 2. Hosted a job fair on 3. Noticed through the Community Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement in subcontractor's contracts to hire and train local residents S. Provided list of job positions and descriptions to Community Outreach Partner 6Receipt of written confirmation from the contractor and subcontractors of the requirement to use minimum living enrage on Prior to and during the construction of Phase 11(if appllcable), 1. Obtained approval for a 100-room hotel on 2. Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on Post construction certification requirements Phase I certification(if applicable): 1, Provided Certificate of occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on PURCHASE AND DT; LLOPPAI"NTAGREUMENT Pagc 75 of 17 2. Provided a Certificate of Completion for the Project's 8,575 square feet of commercial is completed as a Grey Shell on 0 3Provided certificate of completion of the 50 Phase I public parking spaces on 4. Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System on 14 Ali I" PURCHASE AND DEVELOP ENTAGREEMENT Page 76 of 77 EXHIBIl"T" THE PLAZA DEVELOPMENT PLAN PURC'i ASE AND DEVELOPMENT AGREL EEe~T Page 77 or 77 re , - 9 I Ifl 7 Tto j N r ww < 4 tcZ m m - i:, fill I �01 � LL� { u Ul r l i •a� { U i Ll X A {> e _ Yp 1 FI 4` � 1 1 S4 Pt14 r 4 4 Xlp��tAIYSt,}1 t �I tt �v �7 l- Jr to �srl�tt 4 W{ to �ttri 4 �411t r i i a= 4 ts; t„ la �r. 4-4 tD� p i X"47 q . lis to, 1p4 r � e tf t, f z 4 �If pr Vl p4p ak p" p ,L z �w� P 1 fP 0 � r � ,t da r 1'�f til�";3V� ,I[ `1i A s s4a4s s ` i �r 0 If � 41 �i � �'4if}s 01 4s rhe Ail IP � ah r�J" s ke 1 4 4➢ j.....4Sy..;"r 4��! i `k� � z 4 �; �� rr 10°,i,4�` s `tt '4 , al 4111, s 4 Ell VFlsPi�.a O Ft £Av41t1 ��ns�tu! W 6 w INQ FR'A ! Tf C t tsst slu 'A 41 i �' »'—`I4"��s 'j�is{u Isc n hk it k�ia �,r® .VJ Aig aj W . ML k� e � m ter. aE R a pq � e �`" 10 REA 6 F u u a 9 � Y in1 tk n• , $ j i1 1 r �.r r�'• i i 14 1 a,ry 1 i 1 arw OCUN An" E-4 r a 5 a r r 1 ,fit-i.• E63 ; � i 1 °'" 0 - D � .. c n � TAX INCREMENT REVENUE FUNDING AGREEMENT This Tax Increment Revenue Funding Agreement(hereinafter"Agreement")entered into asofthe_Ltt_dayof lnouk44 - 20likbyandbetween: I QF4 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 or710 North Federal Highway, Boynton each. Florida 33435. and OCEAN ONE BOYNTON, LLC, a Florida limited liability company. with a business address or c/o Washington Real Estate Partners, LLC. 9804 South Military Trail. Suite E-11. Boynton Beach,FL 33436(hereinafter referred to as the 6'Dcveiopce*). liECIT*ALS WlIEREAS, Developer intends to construct the Project which will include a minimum or 231 multi-family units with related amenities and approximately 8.575 square reet or commercial space as depicted in the Site Plan attached hereto as Exhibit"A,"(hereinafter referred to as the"Prajece'):and WHEREAS.the CRA has determined that the Project rurthers the Boynton each Community Redevelopment Plan;and WHEREAS,Developer hast knowledge,ability,skill f.and resources to effectuate the construction and development of the Prcject-,and WHEREAS,the CRA has determined that a public-privatc partnership in which the CRA provides Tax Increment Revenue Funding ror the Project will further the goals and objectives or the Community Redevelopment Plan; NOW THEREFORE, in consideration of the mutual covenants and promises set north herein.the sun ciency or which both Parties hereby acknowledge.the Parties Agree as rollows: cation 1, l,neorLIoration. The recitals above and all other inrannation above are hereby incorporated herein as if fully set forth. Saction Z. efinitions. As used in this Agreement, the following terms shelf have the rollowing meanings. which shelf apply to words in both the singular and plural for or such words: 2.1. "Base Year"mean the base year for determining Tax Increment Revenue from the Project. 2.2 "Benchmarks" shall be the various percentage thresholds or occupancy or the 8.575 commercial/retail space for any year or the Phase I Term as set forth in Paragraph 5.1.6. 2.3 "Certificate of Occupancy"means the certificate issued by the City pursuant to the City or Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that the some may be used for the purposes stated therein. 2.4. "City"means the City of Boynton Beach. Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in hand lor any or the construction activities contained herein and beginning to actually demolish, excavate or prepare the site for development of the applicable phase or the Project in accordance with the City Code and continuing until completion or construction of the Project or Phase or the Project as applicable in accordance with the Florida Building Code. 2.6 "Community Outreach Partner" means the for-profit or non-prolit group or organization selected by Developer with whom Developer shall coordinate on the issues and obligations in this Agreement pertaining to employment of City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a subcontractor or any other business entering into a contract with the Developer related to the construction orthe Project or part thereof. 2.8 "Effective Date" shall mean the date the lost party to this Agreement executes this Agreement. 2.9 "Good Faith Effort" is considered to have been made when the respective parties have used reasonable means to comply with the associated directives and/or provisions set forth in this Agreement. 2.10 "Grey Shelf" means an unfinished interior. lacking heatingy, ventilating, air conditioning, lighting, plurnbing, ceilings, elevators. interior walls, etc. and ready for tenant improvements. 2.11 "Locally Owned, Small Businesses"means any business that is wholly owned by individuals who reside in the City. If business is owned by corporation,then the corporation must be wholly owned by individuals who reside in the City. ll'the business is owned by a 1) partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wages'means the hourly rate that an individual must earn to support his or her family if they are the sole provider and am working full time(2,080 hours per year) in accordance with Palm Beach County Code Chapter 2, Article IV, Division 3 (the Palm Beach County Living Wage Ordinance),as amended. 2.13 "Nationally Recognized High Performance Green Building Rating System" means any one of the following: the Florida Green Building Coalition (FC) Standards, the Green Building Initiative's (GBI) Green Globe rating system, the United States Green Building Council (USGBC) Leadership in Energy and Environmental Design (LD) Standards, or the National Association of Homebuilders(NAHB)National Green Building Standards(NGBS). 2.14 "Pledged Project Increment Revenue" means an amount calculated by multiplying Tax Increment Revenue from the applicable phase of the Project by agreed upon percentage factor as provided for in this Agreement. 2.15 "Property"means the property subject to this Agreement upon which the Project shall be developed as more particularly described in Exhibit"B,11 hereto. 2.16 "Site Plan" shall mean the approved Site Plan attached hereto as Exhibit "A," approved by the City of Boynton Beach,file#NSP 16-002. Section 3. bevels er"s Obligations and Covenants. 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within two(2)years of the Effective Date of this Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as"Phase I Improvements:": a. Developer shall construct a minimum of 231 multi-family residential units with related amenities. b. ' Developer shall construct a minimum of 8,575 square feet of commercial/retail space; C. Developer shall construct Parking Improvements,conceptually depicted on Exhibit 11C,"hereto,consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist of structured parking, surface parking, valet parking, mechanical parking, shared parking or any other means as allowed under local city ordinance.Upon completion of the Public Parking, Developer and the CRA shall enter into a Parking Management Agreement to establish the maintenance responsibilities of the CRA for the Public Parking. If a Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion of construction of the 3 Public Parking,either party may request binding arbitration to complete the terms orthe Agreement. d. Construction of the multi-11imily residential units for the Project shall be in compliance with.qualify for and receive Florida Green Building Certification. e. Prior to and during the construction of the Project,the Developer shall * 1-lire a job placement consultant during the construction period of this Agreement-. 9 I-lost a job fair: e Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction Of Phase I of the Project, o Include in all contracts with Contractors requirements that the Contractors use Good Faith Efforts to hire and train City residents to participate in the construction of Phase I of the Project;' a Provide a list of job positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in the construction of hase I of the Project; * Use Good Faith Efforts to offer pen-nanent job positions resulting from Phase I of the Project to qualified City residents, a Notify and refer job training and job placement Opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each arc able and Willing to provide such training;and e Pay or cause to be paid new hires in alt permanent positions residing within the City a minimum of the Living Wage. Section 4. Annual Performance Report. Developer shall annually provide the CRA with an Annual Performance Report for the Project indicating the status or Developers compliance with the requirements or this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property taxes for the Property for the preceding year.Such report must be submitted to the CRA no later than the lost day of April for the preceding year in a form substantially in accordance with the form attached hereto as Exhibit"D." Section 5. Certification Requirements. 4 5.1 As a condition precedent to its receipt of any Pledged Project increment Revenue pursuant to this Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into. two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County Property Appraiser and these Parcel Control Numbers have been placed on the Palm Beach County tax rolls and assigned taxable value prior to the Base Year for each Phasc;and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence or compliance with the requirements of this Agreement as set Forth below and evidencing that Developer has paid all property taxes for the preceding year: and 5.1.3 Upon receipt or the Annual Performance Report. 2. the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and cenilying Developer's compliance with all conditions precedent for receiving Pledged Increment Revenue lbr that Phase 1, which approval shall not be unreasonably withheld: 5.1.4 The CRA has received Tax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year:and 5,1.5 Developer shall not be entitled to any Pledged Prcjcct Increment Revenue payments if the Developer has failed to meet its obligations under this Agreement or is otherwise in default Linder the terms of this Agreement and has railed to sufficiently cure the default as provided for herein after appropriate notice of such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event the Developer is in default of this Agreement so long as,once a default is cured, Developer shall continue to receive their Direct Incentive Funding for the Project up to the Pledged Project Increment Revenue and any time periods for performance hereunder shall be extended for the same period of time needed to cure the default. 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy or 8.575 square feet or commerciallretail space (the "Commercial/Retail Space")for any year of the Phase I Term,Developer's percentage of the Pledged Increment Revenue to be paid to Developer shall be reduced by 10%for that year of the Phase I Term. a. Developer must certify that 25%or the Commercial/Retail Space has been occupied by commerciallretail tenants by at least the third year ol'the Phase I Term as defined herein. Once the 250 threshold is obtained, whether it be in the first. second or third year,the threshold shall be deemed satisfied forever, even if in the future the actual amount occupied thereafter is less than 25%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once the 25% threshold is achieved. 5 Developer shall be entitled to the Pledged Increment Revenue florthe year in which the 25% threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark, is achieved: b. Developer must certify that 50°1'®or the Commercial/Retail Space has been occupied by commercial/retail tenants by at least the sixth year of the Phase I Term as defined herein. Once the 50% threshold is obtained, whether it he in any year prior to the end of the sixth year of the Phase I Term.,the threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than 50°✓®.Accordingly,as long as Developerdid not default under any commercial lease and Continues in good faith to re-market the property for lease,once the 50% threshold is satisfied,Developer shall be entitled to the Pledged Increment Revenue for the year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved;and C. Developer must certify that 70%of the Commercial/Retail Space has been occupied by the commercial/retail tenants by at least the eighth year or the Phase I Term as defined herein. Once the 70%®threshold is obtained, whether it be in any year prior to the end or the.eighth year or the phase I Term.the threshold shat I be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than 70%. Accordingly, as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once satisried, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during tile Phase I Term. 5.2 Certification. 5.2.1 Developer shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1 a. and 3.L.I.b. of this Agreement by providing a Certificate of Occupancy for all residential components of the Phase I Improvements and Certificate of Completion for all nonresidential components or the Phase I Improvements from the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of-all Phase I improvements have been placed on the Palm Beach County tax tolls for the Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1.c of this Agreement by demonstrating that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the Public and excluded from use by multifamily and commercial units that are part of the Project. 5.2.3 Developer shall confirm in its Annual Performance Report that it fins met its obligation tinder Section 3.1.Ld or this Agreement by providing proof of receipt of Florida Green Building Certification. 6 5.2.4 Devclopersliall certify in its Annual Performance Report that it has met its obligation under Section 3.1.Lc of this Agreement by: a. Demonstrating that it hired and utilized the services or a job placement consultant and by reporting the job placement consultant*s activities during construction Of Phase I of the Project: b. Demonstrating that it held ajob flair;and C. Requiring all Contractors covered by the terms orthis Agreement to provide annual copies OF its records,reports or any other information necessary to monitor compliance with the provisions of Section 3.1.1 e or this Agreement and require all Contractors to Submit annual payrolls to the Developer that include the ffillowing information pertaining to all Locally Owned Small Business hired to work on or for Phase lorthe Project: name, address and the number or hours worked for the period,until a Certificate ol.'Occupancy is issued Ilor at least 90%of the residential units of Phase I of the Project. Section 6. Pledged PW ct Increment Revenue. le 6.1 Formula and Term. 6.1.1 The amount of the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on (lie following formula: a. Developer shall receive Pledged Project Increment Revenue for Phase I Improvements for a term or eight (8) consecutive years, beginning the year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3. 4, and 5 or this Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the -'Phase I Term"). The amount of Pledged Project Increment Revenue due to Developer during the Phase I Term shall be determined pursuant to the following formula: For Years I —7 of the Phase I Term. Developer shall receive Seventy-rive percent(75%)of the Pledged Project Increment Revenues actually received by the CRA., and For Year 8 orthe Phase I Term,Developer shall receive Fifty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. 7 b. 'rho Base Year Ibr cletermining,rox Increment Revenue firom the]'reject shall be as follows, For the Phase I Term,the year prior to commencement ofconstruction of phase I Improvements on the Property. 6.2 No Prior Pledge of Pledged Project Increment Revenues. The CRA warrants and represents that the Pledged Project Increment Rcvcnues 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 covercd by term of this Agreement. 6.3 Form of Payment. Paymcni ol'sitall be in the Corm ora CRA check made payable to the Developer. No payment made under this Agreement shall be conclusive evidence or tile perfisirmante of this Agreement by Developer.either wholly or in poet, and no payment shall be construed to relieve Developer of obligatiOnS Linder this Agreement or to be an acceptance of faulty or incomplete rendition or Developer's obligations under this Agreement section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this Agreement shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail., postage prepaid, return receipt requested. The use orclectronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA, such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton each Community Redevelopment Agency 71f North Federal H i ghway, Boynton Beach. Florida 33435 With a copy to: Tara W. tinny. Esq. Lewis.Longman& Walker. P.A. 515 North Flogler Drive Suite 1500 West Palm each.Florida 33401 irto Developer.such notice shall be addressed to: Mr. Michael Ross Occon One Boynton, LLC c/o GuIrstream Property Munagernent 9804 South Military Trial 8 Suite E-I I Boynton Beach, FL 33436 Mr. William Morris Soulliconst Advisors. LLC 777 E.Atlantic Avenue Suite 100 Delray Beach, FL 33493 F. Davis Camalier Washington Real Estate Partners 1629 K Street N.W. Suite 1200 Washington. DC 20006 With a copy to: Bonnie Miskel.Esq. Gary S. Dunay, Esq. Dungy.Misk-el and Backman, LLP 14 SE 41"Street Suite 36 Boca Raton,FL 33432 Section K. pe-ram The failure ot'Developer to comply with the provisions set forth in this Agreement shall constitute a default and breach orthis Agreement. If Developer fails to cure the default within thirty(30)days or notice from the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease. Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project ruj c t Revenue to Developer for the Project,or within two(2)years of the EI'llective Date irthe Developer has failed to commence construction orthe Phase I Improvements subject to force majeure. Either Party may elect to ten-ninate this Agreement by providing 45 drays written notice to the other Party upon one or more or the following occurrences: a. The deffiult of either Party. if such derault is not cured within the time prescribed by this Agreement: b. The Panics enter into a mutually agreed upon,written Addendum,the effect of which it to terminate this Agreement. Section 10. Miscellaneous Provisions. 9 10.1 Waiver, The CFA shall not be responsible for any property damages or personal injury sustained by Developer finnan any cause whatsoever related to tine development of the Project, whether such damage or injury occurs bef=ore, during. or alter the construction or tine Projector the term or this Agreement. Developer hereby forever%valves.discharges,and releases the CRA,its agents.and its employees,to the fullest extent the lav allows, from:any debility for any damage or injury sustained by Developer, Ihis vraiver,discharge,and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the law A lanw& 10.2 Indemnirication. Developer shall irmdemniry, save, and hold harmless tae CRA, its agents,and its employecs from any liability,claim,demand,stmt, loss,cost.expense or damage which may be asserted,claimed.or recovered against or from time CRA.its 4a ents,or its employees. by reason of any property damages or personal injury, including death. sustained by any person whomsoever. which damage is incidental to, occurs as a result or, arises out of, or is otherwise related to time negligent or wrongful conduct or the faulty e uipmermt (including equipment installation and removal.)of Developer. Nothing in this Agreement shall be deemed to a llect the riotlnts. privileges. and sovereign lantnU pities or time CRA as set forth in Section 768.28, Florida Statutes.This paragraph s aaalI not be construed to require Developer to indemnify tine CRA for its own negligence.or intentional acts or tile CRA.its agents or employees. Each party assumes tine risk of personal injury and property damage attr butatb e to the acts or omissions of that party and its ol'licer ,employees and aetats. 10,3 Assignment. This Agreement may only be assigned by the Developer to record owners or the Property %vide the prig written consent of the CRA, which consent shall not b unreasonably withheld, provided, however. that any assignee her to shalt specifically assume e all o the obligations or the Developer under this Agreement 10,4 Successors and Assigns, The CRA and Developer each binds itself' and its Partners, successors, executors. administrators and assigns to the other party and to the partners, successors,executors,administrators and assigns of such other party. in respect to all covenants of this Agreement.Nothing herein shall be construed as creating any personal liability on the part or any officer or agent of the CRA, nor shall it be construed as giving any rights or benefits hereunder to anyone other unarm the CRA and the Developer. 10,E No Discrimination. Developer shall not discriminate against any person on the basis or race,color. religion. ancestry. national origin,age, seg. marital status, sexual ori emttatiasrn or disability for any reason in its hiring or contracting raac:tices associated with this Agreement, 1086 No Partnership, Etc. Developer agrees nothing contained in this Agreement shall e deemed or construed as creating a partnership,joint venture, or employee relationship. It is specifically understood that Developer is are independent contractor and that no employer/employee or principal/agent is or shall be created nor shall exist by reason or this Agreement or the performance Leander this AgreemenL 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply ravish%r$lor daa`s Public Records Law. Specifically,the Developer shall; 10 a. Keep and maintain public records required by the CRA to perforin tile public services provided ror in this Agreement; b. Upon request from the CRA*s custodian of public records,provide the CRA with a copy orthe requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed tile cost provided in this chapter or as otherwise provided by low. C. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements arc not disclosed except as authori7ed by law for the duration or the contract lerm and following completion of the contract if Developer does not transfer the records to the CRA. d. Upon completion or the contract.transfer,at no cost, to the CRA all public records in possession or Developer or Leep and maintain public records required by the CRA to perrorm the service. if Developer transibrs all public records to the public agency upon completion of the contract. Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon completion of the contract. Developer shall meet all applicable requirements far retaining public records. All records stored electronically must be provided to the CRA.upon request fro rn the CRA*s custodian of public records.in a forrilat that is compatible with the information technology systems of the CRA. IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN Or, PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway,Boynton Beach, Floeida 33435;or BoyatonBeuchCRA6rJ%kn s. 10.8 Entire Agreement. This Agreement represents the entire and sole agreemcn(and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered,except in writing and alien only ii'signed by all the parties hereto. All prior and contemporaneous agreements. understandings, communications. conditions or representations. or 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 after tile terms orthis Agreement. 10.9 Counterparts and Transmission. To facilitate execution,this Agreement may be executed in as any counterparts as may be convenient or required.each orwhich shall be deemed an original, but all or which together shall constitute one and the same instrument. The executed signature page(s) 1rom each original may be joint together and attached to one such original and it shall constitute one and the same instrument. Inaddition. said counterparts may be transmitted electronically (i.e.. via racsimile or pdf lormat document seat via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. II 10.10 Agreement Deemed to be Drafted Jointly. This Agreement shall be deemed to be drafted jointly and shall not be construed more or less ravorably 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. 10.11 Governing Law, Jurisdiction, and Venue. The terms and provisions of this Agreement shall be governed by,and construed and enforced in accordance with. [lie laws or the State of Florida and the United states of America, without regard to conflict of low principles. Venue and jurisdiction shall be Palm Beach County.Florida. ibr all purposes,to which the Parties expressly agree and submit, 10.12 Independent Advice. Tile Parties declare that the terms or 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. 10.13 Severability. If any part or this Agreement is found invalid or unenforceable by any court. Such invalidity or unenforceability shall not affiect the other parts of the Agreement if the rights and obligations or the Parties contained herein are not materially prejudiced and if the intentions or the Parties can continue to be achieved. To that end. this Agreement Is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion.waive any requirement of Developer contained in this Agreement. 10.15 Compliance with Laws. In its performance under this Agreement.Developer shall comply with all applicable federal and state laws and regulations and all applicable Palm Beach County.City or Boynton Beach,and CRA ordinances and regulations. 10.16 Effective Date. This Agreement will become eff'cctive upon the date and time the last party executes this Agreement. 10.17 Survival. The provisions orthis Agreement regarding public records. indemnity. and waiver shall survive the expiration or termination or this Agreement and remain in full force and effect. IN WITNESS OF THE FOREGOING,the parties have set their hands and seals the day and year first above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited 111-1 ilit company By:, Print Name: Print arae: OJI 4a� _ .._. Title: #V s .501w.. int me: j 'AT[:Or FI.ORIDA } } COUNTY OF i SS: BEFORE, rVIE. an officer duly authorized b , law to administ•r oaths and take acknowledgments. personally appeared w� � �� as s e of OCEAN ONE BOYNTON, LLC. and acknowledged under oath that h0she has executed the foregoing Agreement as the proper official of OCEAN ONE , for the use and purposes mentioned herein and that [lie instrument is the act and deed of OCEAN ONE BOYNTON,LLC. I le/she is rso ally •notion to me or has produced as identification . IN WITNESSF 1'I lE I, l . I have set my han and official seal at in the State and County alloresaid aforesaidon this. '?_ sty of •201 My Commission Expires: f tui t •of Florida at , ge MYCOMM IO- .. :.wr. IREMAINDER OF PAGE INTENTIONALLY 1CRA SIGNATURE ON FOLLOWING PAGE1 13 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMEN GE Y xrFl � w, By: F� = � Print Namc: i,�� y /L"'Lry "A Steen Grant.CRAB oardChair rant am off, STATE OF FLORIDA ) S: COUNTY F PALM BEACI,I BEFORE , an of icer duly authorized by law to administer inister oats and take acknowledgments.,personall appeared teven Grant as Board Chair ol'BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. and acknowledged un er oath that he/she has executed the foregoing et as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT C , for tate use and purposes mentioned herein and that the instrument is (lie act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me or has produced as identification. I WITNESS F I1E FI . ! lieu } rt y e set an an official seal at i the tate and County o csai on this da of ,20 I f �yY9 My Commission Expires: ry 'c,St e of Floridaat ca—my— L-1 - c L�.. n NOTARY LIG STATEC} I G f Expires 1 1 Exhibit "All (Project) (sec attached) 15 U9 AY Hai i Rom A t Rom"" �. �1�1y t f Mal ON Jig . 29 1t 6f °I`;!11 i o ,W]AW91 ti • 3 ! E l:.1 .... 1 ® �t one m. . HEN°PREEDMAN ENCINOSA 8c tlow K HOWAY DOWM WACH FL ArchlW&PA Exhibit "B" (Property) (see attached) 17 647 T8t(601 241-"U a 0 81aa Fk>fltls 93188 IV26.1lL"G 6 MUPl6I"0' F9x,O 241-6192 SKETCH AND LEGAL DESCRIPTION (NOT A URVE'Y) OCEAN ONE - PHASE 1 LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTH.RANGE 43 EAST, PALM BEACH COUNTY,FLORIDA, INCLUDING PORTIONS OF LOTS 1 THROUGH 8, "FUNK BROS. ADDITION TO THE TOWN OF BOYNTON",AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUBi.IC RECORDS OF PAIN. BEACH COUNTY,FI ORIDA, AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION", AS RECORDED IN PLAT BOOK 1 AT PAGE. 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PAGE 2,AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 771 THENCE NORTH 890 55'38" EAST, ALONG THE NORTH LINE OF SAID SECTION 27, A DISTANCE OF 86.08 FEET; THENCF SOUTH Ona 01'22" EAST, A DISTANCE OF 22,00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89"551381, EAST, A DISTANCE OF 216.56 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 25.00 FEET AND A CENTRAL ANGLE OF 88'20'52", A DISTANCE OF 38.55 FEET TO THE POINT OF TANGENCY. THENCE SOUTH 010 431301' EAST, ALONG A LINE 15.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOTS 1 THROUGH 6 AND THE EAST LINE OF SAID LOT 41, A DISTANCE OF 287.77 FEET: THENCE SOUTH 88'37'13" WEST, A DISTANCE OF 268.22 FEET; THENCE NORTH 01.23'00" WEST, ALONG A LINE 60.00 FEET EAST OF AND. PARALLEL WIlH THE WEST LINE OF SAID SECTION 27, A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE 'NORTI IERLY AND EASTERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 25.00 FEET AND A CENTRAI ANGLE OF 910 18'38", A DISTANCE OF 35.84 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF BOYNTON BEACH,PALM BEACH COUNTY,FLORIDA,AND CONTAIN 83,950 SQUARE FEET,MORE. OR LESS, NOTES 1. REPRODUCTIONS OF THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR MD MAPPER 2. NO SEARCH OF THE PURI IC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION. 3. BEARINGS SHOWNgqIEREON ARE BASED ON THE WEST LINE OF THE NORTHWEST ONE- QUARTER ETE P ,SECTION00 1MA E4SYSE STATE OF NORTH EAST ZONE. RTHRAMERIC DATUM OF 1983.1000 ADJUSTMENT_ CERTIFICATION IHEREBY CERTIFY THAT THE SKETCH AND DESCRIPTION SHOWN HEREON COMPLES WITH STANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 81G17-8,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472027,FLORIDA STATUTES,AND THAT SAID SKETCH{ AND DESCRIPTION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF AS PREPARED UNDER MY DIRECtION. SURVEYOR AND MAPPER FLORIDA LICENSE NO.LS5111 teatant low# miw .------To _® Ottii 6�826820I7 as wt, 04 In 1009 art ,LSI( a•p IV. 70 SIIEBT 10F 2 18 P.O.C. SKETCH AND LEGAL DESCRIPTION NW CORNER- _ v ._(NOT A SURVEY) _ 1 {NOT 10Ot VO}45 43 N890 55'38"E 8fi D ' �.. _ . _ . BOYNTON BEACH BLEV P.O.B. `� N TINE sr:cTloN 27-45-43 NOW55`38'E 216.58' =25.0 L•38.55 b go. SOO*04'22°"E -y -. — _ 0.88°20'52'° U- WJW 22.00' —4 -, P LOT 1 A[ L•39.840I D-91°18'38" _ _. LOT 2 a o __ _.r_ SPL EASEMENT Cw (ORB 19094.PG.1699) !OT 3 N "AGREEMENT LOT 4 10.PG. 2) P jl�,�fn zI tO "FUNK BROS. ADDITION' ��--yLIN j Z OT 5 min �i170on r I LOT ( 0 'I i � SOSO 37'13"W 288.22' ` i N n _1101 R/W TO 8F ws r DEDICATEDo h 15' -•- p z p o I "AGREEMENT PLAT" — `� {P.s 10,PG. 2) i i c p IZ "pEWEY S®T 41 SUBDIVISION" (P.B. 1,PG. 37) iLIM i ABBREVIATIaS L ARCLENOIN a DELTA ICENtnAL ANCLEI l+B. LICENSED DI>61NES3 1 L.5. LICENSCa SRnvEyoN D.N.D. OFFICIAL RECORDS Dim P.O.H. POINT OF 8901*4HIfIO PAINT OF COIMNCEVEN1 PLAT DOOR S LINE-LOT 41 F.D.C.N. PALMOEACII COUNtT ALCORDS ®. PG. PACE .-... ®..,r —..®.. ®. P.S.R. PROFESSIONAL SURVErOA OCEAN AVENUE(SR 8t14} a uaPPrn NM RIONr•OF.WAY Pr°d ti woo O M-0.. �7� -_ JSH _.._ be i.4t� MAD, °G 1lrf _SP �i45a db&/7BP2pl;!' L 2OF 2 Exhibit"C" 19 (Public Parking) (see attached) 20 t 4 IL VAL _. .c.v.. -p _ S I 21Q can, Ei CA"COP fmvdvnwi }sy • • M • • f • I Av ix0 _. _.- e....w _P. a .. .. � .,:•y:. ® • _... EXHIBIT V' ANNUAL PERFORMANCE REPORT FOR (shalt be required annuilly) Time Period Date Prior to and during the construction of Phase I(if a plicablle . 1. Mired job placement consultant on 2. Hosted a job fair on Noticed through the CommunitV Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement in subcontractor's contracts to Dire and train local residents . Provided list of job positions and descriptions to Community Outreach Partner 5< Receipt of written confirmation from the contractor and subcontractors of the requirement to useminimum living wage on Prior to and during the construction of Phase 11 if applicable): 1. Obtained approval for a 100-room hotel on Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on -- Post construction n Certification requirements Phase I certification(if applicable) 1. Provided Certificate of Occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on 2. Provided a Certificate of Completion for 21 the Project's 8,575 square feet of commercial is completed as a Grey Shell on 3. Provided certificate of completion of the 50 Phase I public parking spaces on 4. Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System on 1-3 DUNAY Gary Dunay Dwayne Dickerson Heather Jo Allen Bonnie Miskel ELe Zachanades Lauren G.Odom Scott Backman Matthew H.Scott Zach Davis-Walker "tom LLp Hope Calhoun Christina Bilenki April 15,2019 By email City of Boynton Beach, Community Redevelopment Agency Attn: Michael Simon,Community Redevelopment Agency Director 710 N. Federal Highway Boynton Beach, Florida 33435 Re: Notice of Extension of Tax Increment Revenue Funding Agreement between Ocean One Boynton, LLC,and Boynton Beach Community Redevelopment Agency Dear Mr.Simon: I represent Ocean One Boynton, LLC,the owner("Owner")of property located at 114 N. Federal Highway, PCN: 08-43-45-27-01-000-0410, ("Property") in the City of Boynton Beach ("City"). The Owner intends to construct 231 multi-family units with related amenities and approximately 8,575 square feet of commercial space on the Property("Project"). The Project received approvals of NWSP 16-002,CDPA 17-001, and CDPA 17-002 on April 17, 2017 ("Development Order"). The Development Order was originally set to expire on October 6, 2018, if the Owner hadn't secured a building permit by that date ("DO Expiration Date"). Due to multiple state emergencies in Palm Beach County declared by the Governor,the DO Expiration Date was extended twice:first to February 9,2022,via a letter received from the City on August 27, 2018 ("First DO Extension",attached hereto as Exhibit"A"), and second to March 2, 2023,via a letter received from the City on April 1, 2019 ("Second DO Extension", attached hereto as Exhibit"B"). Due to the Second DO Extension, Owner is writing you to provide notice of the new expiration date of the Tax Increment Revenue Funding Agreement ("Agreement", attached hereto as Exhibit "C"), executed with the intention of coinciding with the Development Order. Owner entered into the Agreement with the Boynton Beach Community Redevelopment Agency ("CRA") on January 16, 2018— when the DO Expiration Date was October 6, 2018. By the terms of the Agreement, the Owner was required to commence construction of the Project within two (2) years of the Effective Date of the Agreement. The Effective Date is defined as "the date the last party to this Agreement executes this Agreement." The Effective Date coincided with the DO Expiration Date,providing a 15-month and 10-day cushion between obtaining building permits for the Project and commencing construction. Accordingly, to provide the 15-month and 10-day cushion between building permit and commencing construction 1 based on the Second DO Extension date,the Owner isrequesting that the date upon which the Agreement was toexpire should beconsistent with the site plan date ofJune 12, Z024. As we had previously requested the Project date 10 be extended in all regards, please advise if any further action |srequired toextend the Agreement expiration date. Should you have any questions related to the above objections, please do not hesitate to contact nmeat561-40S-33OOnrvia email at . Sincerely, Bonnie M|ske|, Esq. Duno& Miske/& Backman, LLP 2 4 DEVELOPMENT DEPARTMENT PLANNING AND ZONING DIVISON 100 E. Boynton Beach Boulevard F.O. Box 310 Boynton Beach, Florida 33425-0310 TEL: 561-742-6260 FAX: 561-742-62.59 www.boynton-beach.org August 27, 2018 EXTENSION APPOVAL LETTER. PURSUANT TO FL S'T'ATUTE 252,363 Ms. Bonnie Miskel Dunay Miskel Backman LLP 14 SE 4"' Street, Suite 36 Boca Ratan, PL 33432 Rc: Ocean One—NWSP 16-002 (Site Plan Time Extension— FL Statute 252.363) Dear Ms. Miskel: We are in receipt of your request for a time extension for the above-mentioned project,as outlined in the guidelines established in Florida'State Statute 252.363,authorizing time extensions to approved Development Orders when the Governor issues an Executive Order under the Emergency Management Act. Staff has reviewed your letter and Executive Orders regarding 1) The Opioid Epidemic, EO 17-1.46, 1.7-177, 17,178, 17-230, 17-285, 17-329, 18-47, 18-110 and 18-177; 2) Hurricane Maria, EO 17-259, 17-304, 18-1.7, 18-80, 18-135 and 18-214; 3) Subtropical Storm Alberto, EO 18-150 and 18-157; and 4) Lake Okeechobee Discharge, EO 18-191. Based upon our review,we find the project eligible for the requested administrative extensions.Therefore,under the guidelines of 252.363,this letter shall act as approval of 1,222 day extension from the Commission approval date of April 4,2017 for development orders(NWSP 16-002 and.CDPA 17-001 & 17-0012). Should you require any additional information, please contact me at 561-742-6260. Sincerely, Ed Breese Planning& Zoning Administrator CC: Mike Rumpf, Development Director Shane Mittendorf, Building Official ne City ofBoynton Beach • PLANNING A ZONING DIVISON 3301 Quantum Blvd Ste 101 �f Boynton Beach,Flodda 33425-0310 TEL:561-742-6260 www.boynton-beach.org • April 1, 2019 2nd EXTENSION APPROVAL LETTER PURSUANT TO FL STATUTE 252.363 Ms. Heather Jo Allen, Esq. Dunay Miskel Backman, LLP 14 SE 4a' Street, Suite 36 Boca Raton, FL 33432 Re: Ocean One—NWSP 16-002 (2nd Site Plan Time Extension—FL Statute 252.363) Dear Ms. Allen: We are in receipt of your request for a second (2nd) time extension, dated March 13, 2019, for the above-mentioned project, as outlined in the guidelines established in Florida State Statute 252.363, authorizing time extensions to approved Development Orders when the Governor issues an Executive Order under the Emergency Management Act. Staff has reviewed your letter and Executive Orders regarding 1)The Opioid Epidemic, EO 18-235, 18-279, 18-362 and 19-36; 2)Hurricane Maria, EO 18- 236 and 18-281; 3) Lake Okeechobee Discharge, EO 18-249 and 18-311; 4) Red Tide, EO 18-275 and 18-0282. Based upon our review, we find the project eligible for the requested administrative extensions. Therefore, under the guidelines of 252.363, this letter shall act as approval of a request for a 207 day extension, plus the six (6) month tolling period, for a total of 387 days, in addition to the previously approved 1,222 day extension for the project development orders (NWSP 16-002 and CDPA 17-001 & 17-002). The combination of the two (2) granted extensions provide for a new expiration date of March 2, 2023 for the Ocean One project development orders. Should you require any additional information,please contact me at 561-742-6260. Sincerely, Ed Breese Planning&Zoning Administrator CC: Mike Rumpf, Development Director Shane Kittendorf, Building Official FIRST AMENDMENT TO TAX INCREMENT REVENUE FUNDING AGREEMENT This First Amendment to Tax Increment Revenue Funding Agreement ("First Amendment") is made and entered into to be effective January 15, 2020, by and between Ocean One Boynton, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail, Suite E-11, Boynton Beach, FL 33436 (hereinafter the "Developer") and the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163,Part III of the Florida Statutes with a business address of 710 N. Federal Highway, Boynton Beach, Florida 33435 (hereinafter the "CRA") (collectively the "Parties"). WHEREAS, the CRA and Developer entered into that certain Tax Increment Revenue Funding Agreement dated January 16, 2018 (hereinafter "Agreement"), relating to development of the Project,as more fully defined and described in the Agreement; and WHEREAS, the Parties desire to amend the Agreement as hereinafter provided; 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) The recitals above and all other information above are hereby incorporated herein as if fully set forth. 2) Unless otherwise expressly defined herein, all terms used herein shall have the same meanings given to such terms in the Agreement. 3) Section 2.8 of the Agreement is hereby amended as set forth below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added, 2.8 "Effective Date" shall mean Januai-v 16. 2018. the date the !art paf�y to this Agfeem �* 4) Section 3.1 of the Agreement is hereby amended as set for below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added. Section 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within twe-(2)three.4 3 years of the Effective Date of this Agreement. Deyelo)er shall dilh-=tK, and continuously l.)ursue comt)letion, of_construction of the Pro'ect after issuance of the first building permit, subject to force maieure. 5) Subsection 3.1.1 shall remain as set forth in the Agreement. 6) Section 9 of the Agreement is hereby amended as set for below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added. 01233511-3 Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project, or within two (2) three 3 years of the Effective Date of this Agreement if the Developer has failed to commence construction of the Phase I Improvement subject to force majeure. Either Party may elect to terminate this Agreement by providing 45 days written notice to the other Party upon one or more of the following occurrences: a. The default of either Party, if such default is not cured within the time prescribed by this Agreement: b. The Parties enter into a mutually agreed upon, written Addendum, the effect of which is to terminate this Agreement. 7) Except as expressly set forth in this First Amendment, the Agreement is unmodified and remains in full force and effect, and is hereby ratified and confirmed by the Developer and the CRA. This First Amendment may be executed in any number of counterparts, and one and all of which shall constitute the agreement of the Parties and each of which shall be deemed an original. To the extent of any conflict between the Agreement and this First Amendment,this First Amendment shall control. 8) Nothing herein shall alter the terms and conditions of that separate Purchase and Development Agreement dated January 16,2018,by and between Ocean One Boynton,LLC and the Boynton Beach Community Redevelopment Agency, which Purchase and Sale Agreement references and sets deadlines based upon time frames contained in the Agreement. IN WITNESS WHEREOF,the parties hereto set their hands and seals the day and year first above written. 01233511-3 WITNESSES OCEAN ONE BOYNTON,LLC a Florida limite- liability company w _ By: _ Print Name: t s t Print Name: M MF .... � - Title patu ciol.-6 6 b— Pr it Name: 0.t q-i c t aNoble- STATE OF i 0'— COUNTY OF The foregoing instrument was acknowledged before me by means of physicaal presence or ❑ online notarization, this-Iffk day of 20020 , by �IV c l _J r as representative for the OCEAN ONE BOYNTON, LLC, who is personally known to me or who has produced as identification.; r � r oaN "C LISA E.DURAN7 ?° Notary Public-State of Florida otar Public, State of Florid Commission#GG 930056 y My comm.Expires Nov 1,2023 d yl Bonded through National NotaryAssn. Name Commission o. Commission Expiration �3 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] [CRA SIGNATURE ON FOLLOWING PAGE] 01233511-3 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOP N J By: Print Namj* ) - r Prin me r j g Title: PrintName: an STATE OF COUNTY OF The foregoing instrument was acknowledged before me by means of physical presence or 0 online notarization,this day of ,20 as representative for the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCYs personally known to me or who has produced - a iden ' kation. r I .fi N t r PU 11 OfTwrtda 9 N1 Name Commission No. Commission Expiration *wl Bonnie Nicldien NOTARY PUBLIC STATE OF FLORIDA Comm#GG108394 Expires 5/25/2021 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 01233511.3 DUNAY Gary Dungy Hope Cathoun Christina BItenki MISKEL €onnde MiskeL Dwayne Dickerson Lauren G.Odonn ScD t Backman Eta Zachariades Nicote Jaeger BACKMANL.LP Eric Coffman Matthew H.Scott Rachael.Bond Patmer January 5,2021 By email Chair,Steven B.Grant Vice Chair,Ty Penserga Board Member,Justin Katz Board Member,Woodrow Hay Board Member, Christina Romelus Community Redevelopment Agency City of Boynton Beach Re: Update on Purchase and Development Agreement and Tax Increment Revenue Funding Agreement regarding Ocean One Boynton, LLC Dear Chair Grant,Vice Chair Penserga,and Board Members: As you will recall,at your last meeting,the Board discussed the Tax Increment Revenue Funding Agreement("TIRFA") expiration currently scheduled to expire on January 16, 2021, and the status of the Purchase and Development Agreement("Agreement")between the Boynton Beach Community Redevelopment Agency("CRA") and Ocean One Boynton, LLC ("Developer"), including commencement of construction of the public plaza on the CRA's parcel. In response to your inquiry,on behalf of my client, I agreed to respond back to the Board with my client's plan related to the Agreement and TIRFA and its plan for redevelopment. As it relates to redevelopment of the subject property, my client is in negotiation with a venture partner to move forward with redevelopment. To that end, my client and the venture partner have evaluated the economics of the transaction, and even with the tax increment incentives allocated in accordance with the TIRFA, the project as currently approved is not economically feasible given the rent rates applicable to the area. As such, my client has concluded that it makes no sense to proceed under the current TIRFA and in an effort to be fully transparent is prepared to let the TIRFA expire. Rather than working with the framework of the TIRFA, my client and its venture partner are in the process of considering other alternatives in response to the current economic environment and would prefer to work out all the details and return to the Board at a later date with a plan that is economically viable and will result in the redevelopment of the subject property. As to the Agreement, my client is requesting a six month extension to the condition to the Agreement requiring the commencement of construction of the public plaza to give my client sufficient time to submit its alternative proposal. We are happy to attend your next meeting to discuss this request further. Sincerely, Bonnie Miskel, Esq. BM/rmm cc: Mike Simon, Executive Director Tara Duhy, Esq. Mr. Davis Camalier 14 S.la.4th Street,Suite 36,Boca Raton, FL 33432 Tel: 15611405-3300 Fax: i561i 409-2341 +rwwArribblavr.com 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.F. SUBJECT: Discussion and Consideration of Terms for a RFP/RFQ for the CRA-owned Property Located at 115 N. Federal Highway SUMMARY: At their December 8, 2020 meeting, the CRA Board discussed the pros and cons of entertaining one of the Letters of Intent submitted for the acquisition and redevelopment of the CRA owned property located at 115 N. Federal Highway. The CRA Board concluded that the Request for Proposals/Request for Qualification (RFP/RFQ) process would be the best way to solicit proposals while addressing the overall redevelopment goals and objectives of the Agency (see Attachment 1). The CRA Board should consider identifying key elements and desired outcomes of a future project to incorporate into the RFP/RFQ. In an attempt to assist the CRA Board with further discussions concerning the redevelopment of the CRA owned parcels as well as the Board's interest to incorporate additional parcels into a future project, staff has provided a non-CRA owned/private property information map and a map of adjacent redevelopment projects for use by the Board (see Attachments I I - IV). BACKGROUND On August 4, 2020, the CRA received a Letter of Intent (LOI) for the purchase and redevelopment of CRA owned parcels located at 115 N. Federal Highway. After purchasing the property in May 2018 for $3 Million, the CRA leased the building to the City for use as the temporary library during construction of the now completed Town Square project. At their August 11, 2020 meeting, Ocean Avenue Residences and Shoppes, LLC presented their LOI as submitted to the CRA on August 4, 2020. The CRA Board approved the issuance of a ninety (90) day Public Notice to Dispose thereby providing other interested parties, if any, sufficient time to submit competing LOI s for the acquisition and development of the parcels. The Public Notice period ended at 5:00 p.m. on November 16, 2020. The full list of Letters of Interest received to date are listed below in order of date they were received: • August 6, 2020 - Ocean Avenue Residences & Shoppes, LLC (Attachment V) • November 9, 2020 - E2L Real Estate Solutions, LLC (Attachment VI) • November 16, 2020 - B & H Fine Foods 11, LLC (Attachment VI 1) • November 18, 2020 - Blackonyx Capital, LLC (Attachment VI 11) • November 30, 2020 -209 N. Federal, LLC (Attachment IX) Attachment X provides a public comment log of comments received by staff regarding the redevelopment of the property. Under the CRA Board's Unsolicited Letter of Intent (LOI) to Purchase Policy, if a second unsolicited LOI is received during the Public Notice Period, the Board could determine 1) that a Request for Proposal should be issued; 2) accept one LOI and move into further negotiations; or 3) reject any and all LOls submitted to the CRA(see Attachment XI). FISCAL IMPACT: To be determined by the CRA Board. CRA P LAN/P ROJ ECT/PROGRAM: 2016 Community Redevelopment Plan CRA BOARD OPTIONS: As determined in the sole discretion of the CRA Board. ATTACHMENTS: Description D Attachment I -CRA Redevelopment Plan - Downtown District D Attachment II -Aerial Map - 115 N. Federal Highway D Attachment III - Private Property Map - 115 Block D Attachment IV -2020 Redevelopment Projects Map D Attachment V -08.06.20 Letter of Intent from Ocean Ave Residences & Shoppes, LLC D Attachment VI - 11.09.20 Letter of Intent from E2L Real Estate Solutions, LLC D Attachment VII - 11.16.20 Letter of Intent from B & H Fine Foods II, LLC D Attachment VIII - 11.18.20 Letter of Intent from Blackonyx Capital, LLC D Attachment IX - 11.30.20 Letter of Intent from 209 N. Federal, LLC D Attachment X - Public Comment Log Regarding 115 N. Federal Hwy D Attachment XI -CRA Unsolicited Letter of Intent to Purchase Policy tk`yn m1\)Jt' {� 2)� t1 v4 v} (s) {tA�` gl(',J�)s 'tlf�r��t� ,i�,v S( R.1t1y�i r s} �J b 1* � } fr, t' t r �F I 4 OAR BoYNTON BEACM c- 0%mmunity RedevvelOwmen-Ig- PI u---in gO s{}t£ltlf£ 7 k (S` li it r F II, try V� t WMAB 4 y ( llll 11,� M1 b''kk 1 k t } i $ l ) �F tl,, \j h; � si=„ {'s' � �'�l'`'fit, , )tii,l l t�`�i•{' '' (�� — ��` 00 tA'f(;, .. I Wy W ., �l��e{�llffz'flist�sttt (!s'1 qp +UAL k N St i it<< r ,u ,s , r isW`' sft,ly Ir 5 P � t s-.Y NO { i f— �, � s r z a a l S h M 80 nil; 0, j �4�t or>�,>0 Downtown District Introduction Planning Challenges Planning Considerations The Vision t�4 Recommendatio ns �11{ } !ill; Gas. `1�1` Introduction „ The Downtown District has been included in several planning efforts including the Federal Highway Corridor Plan, the Downtown Vision , . and Master Plan, and the original CRA plan ` adopted in 1984. It has long been the desire of the City to reinvigorate the historic center of Boynton Beach. Some progress has been made toward this goal with the development of the Casa Costa, Marina Village condominiums, ' and the soon to be completed 500 Ocean n '� mixed-use development. The CRA has invested in the redevelopment of the Boynton Harbor Marina to create a tourism w �� destination, preserve a working waterfront and o , support the boating community. The Agency planned and constructed the Boynton Beach Promenade that extends from Federal Highway . to the Intracoastal Waterway; the Promenade also connects to the City's Mangrove Walk Park ' and the Marina. Aye The Downtown District is bound to the north ?� by N.E. 7th Avenue, to the south by S.E. 12th � , It r. Avenue, to the east by Federal Highway and the Intracoastal Waterway, and to the west by the � - FEC Railway. The District connects via Federal Highway and S.E. 4th Street to the secondary development node at Woolbright and Federal Highway. Figure 40: Downtown District Location Map Downtown Boynton Beach is easily accessed via 1-95 and Boynton Beach Boulevard: the distance from 1-95 to Federal Highway is less than one mile. The City's beach at Oceanfront Park is only 1.7 miles from 1-95 or, for residents of one of the new downtown developments, a quick walk over the Ocean Avenue Bridge. The Tri-Rail Coastal Link commuter rail station is planned for the downtown at N.E. 4th Street between Ocean Avenue and Boynton Beach Boulevard. This led the City to adopt the Downtown Transit Oriented Development District, allowing for a 25% density bonus within '/2 mile of the future station. 82 P _t� e A second consideration is that the Downtown District is entirely enclosed within the Transportation Unlike Delray Beach or West Palm Beach, Boynton Concurrency Exception Area (TCEA) which, in Beach historically has only had a very small downtown addition to the residential exception area applicable area. It extended from just east of Federal Highway east of 1-95, exempts all development from the Palm to west of Federal Highway at Ocean Avenue. There Beach County traffic concurrency thus allowing have been very few commercial buildings that could denser development. be repurposed into restaurants and stores as Delray Beach has done. Consequently, the first CRA Plan The existence of both of these transportation- adopted in 1984 concentrated on the downtown oriented designations is a factor in considering where area (smaller than proposed in this plan) as a increased height and density will occur within the redevelopment priority. CRA district. The Downtown District's location in the Some of the planning challenges are: center of both the DTODD and the TCEA supports the highest density and height within this district. • Lack of developable parcels — assemblage is required f3sz4 • Property owners have unrealistic expectations '4 of the value of their property �,. • Not pedestrian friendly ` '^ �';; n • No shade trees + tE , t} • No public parking areas and little on-street parking ,} v.. • Lack of wayfinding signage ' t � • No design theme to create an identity w • Limited space on Ocean Avenue to locate retail % and restaurant usesnA, llnndn Considerations Several factors were considered in determining the land use designations for the Downtown District. First, the downtown will be the future site of the station for the planned Tri-Rail Coastal Link commuter service on ,s req" the FEC Rail line, which will serve the South Florida metropolitan region. To improve land development patterns in advance of station development, the City adopted a Downtown Transit Oriented Development District (DTOD), covering a '/2 mile radius around the station's location. The DTOD district regulations support increased intensity of development through a 25% density bonus. Figure 41: Example of District Planning Challenges 83 \ \ \ \ \ \ \ \ \ \ \ % \ t \ \ \ \ 84 Vision Downtown Boynton Beach will be where people live, work and play in an environment that provides bikeable and walkable access to the beach, restaurants, transit, parks and cultural experiences. There will be areas to gather and socialize. Entrepreneurs will open new restaurants and businesses creating financial benefits to the local economy. Attractive new buildings will provide housing for people of all ages and incomes, and accommodate new shops and restaurants. Recommendations.tions. St eetsc a n e Streetscape enhancements are recommended for the Federal Highway corridor. The space for these enhancements may be obtained through either right-of-way dedications or public easements. The enhancements should include: • Create a Complete Street design for Federal Highway including the addition of: • On-street parking • Bike lanes z4 Enhance median with mature tree canopy (at time of planting) and landscape lighting • Marking of major intersections with materials such as pavers, paint, etc. Ott. • Create a Pedestrian Zone adjacent to the right-of-ways that is inviting, safe and includes: • Addition of canopy street trees • Minimum 8'wide clear sidewalk ,''R • Minimum 8'wide active use area abutting the buildings>> • Decorative light poles at both the vehicular and pedestrian scales • Enhanced street furniture, bus shelters, bike racks and receptacles ;`` • Active uses along the first floor of development • Canopy trees that provide immediate shading at time of construction • Bus shelters with unique design for the downtown district • Underground overhead utilities • Public art in key locations • Additional pedestrian crossings where needed • A greenway along SE 4th Street and Ocean Avenue connecting Pence Park and the Marina, per the Connectivity Plan • An eco-trail connecting the pedestrian zone to Mangrove Park, per the Connectivity Plan. 85 Recommendations: L nd Use To attract new residents and businesses, the area must present a unified vision for the future. Therefore, it is recommended that the changes to the Future Land Use map be made using the new future land use/ zoning structure as shown: Table 5: Recommended Future Land Use (FLU)Classifications within the Downtown District LAND USE DENSITY CORRESPONDING ZCHIHC DENSITY MAX CAP* HEIGHT HighDensity p { }dd'rr 9p ®may ®D .{5 45' 15 ®�-T7 I'.PUI�-,.PUD {U' TLJ Residential Mixed-Use 50 MU-2 46 66` Medium MU-3 66 76` Mix Use High 80 MU-4"" 60 160" U Core 66 159 General {f�4 f34s} Commercial ria C-4 rVa 45' '= Industrial a M-1 r n/a 46 Recreation rVa Recreation n/a 46 *Properties located within the TOD may recieve a 25%density bonus G#' 1 III IN i � U- High 0 d da (Zoning W-Core) Max height 150' TOD Density Bonus Commercial uses required to front ° Federal Hwy � 50'Raise Maximum MLI- Med +40-50dudae Max eight,- 65'-75' TCDD 5onus a (height f density) I Commercial uses required to front: Federal Hwy Building frontage required on SE 411 Street: Maas 4 steries on SE 411, street 4- r Figure 42: Cultural District Example Projects 86 4 rcy I ��}! •I , � t 4 f ya'f C `•`��m ! e ani�� w •t n � ��.� att� ih i y I , r , z TV yy �, b } 4 '�e7L�41 Y ylra a�ryad Is•��I � �}})( �_ �� '�� } 1 #''.rte Far t.t�l Lt MIKA,I AlIlkac 5 1 I Figure 43: Recommended Land Use for the Downtown District 87 Recommendations:tions: Urban DnqigR In order to promote an active and walkable built environment in the Downtown District, the following recommendations apply: • Active commercial uses shall be required on the street frontage of Ocean Ave.Automobile oriented uses, such as gas stations, car washes, and drive-thrus, are prohibited. • The build-to line shall accommodate a ten foot sidewalk, mature shade trees (at install), street lights and street furniture • Buildings fronting Federal Highway, Boynton Beach Boulevard and S.E. 4th Street shall have a 60-90% window to wall ratio on the first floor. • Approximately 75% of the lot frontage must be occupied by structure and adjacent to the pedestrian zone • Buildings fronting Boynton Beach Boulevard or Federal Highway shall have a minimum height of 30' • Buildings fronting Boynton Beach Boulevard and/or Federal Highway shall be a maximum of 45' in height, any additional height permitted by the zoning districts must be stepped back proportionately s to the overall height, a minimum of 10' deep. fParking shall be located to the rear or side of the property. Only when access is not possible from the rear or side shall curb cuts be permitted on Boynton r beach Blvd or Federal Highway. � All buildings along Federal Highway must have pedestrian access from the right-of-way/sidewalks. rt The main pedestrian entry, or front door, must be fronting Federal Highway. Y. ` Where mixed use development is proposed adjacent residential areas, the residential areas shall p p p j ��- be protected through the residential compatibility standards and the use of landscape buffers and/ or walls as appropriate. - Staff will review architectural styles and make recommendations regarding Architectural Guidelines that may enhance the character of the District. This process will include public input. MW r Nk IN k Figure 44: SE 4th St. Example Mixed Use Medium Project 88 esidenbaVOrr e x �E�51d�ntidaf y ri z N 1 1 'y .. y y, r. &cycle Path parallel paferg ysy re zy IA n!r is tsJ yJ Street '* �11 OWYC112 Path Space Garage oess )1; 4�aralt6arkin On-site Parking \,( Pedestrian Zone k "deatrian Zone ParallelPatking Dicycle,Path pParallel PaMmg `II Bicycle Path Figure 45: SE 4th St. Design Diagram 89 �.Z I �g�yfig y® f Y �Il I [1 W11, � �<q��,'�l � ZRR i3 fr S , If Ni 71 i ua , Figure 46: Example of Mixed Use High Project in the Downtown District 90 w I , „ I t I� 1 f �P vfp �n �•Y :. f i t4 �� L!� wtp� I a a � a i ly k. k fi I u I ' I Y ra t -�.�..-" r� ��` A.,• OR f �ltts 47, 10 i l I;,tr x F � 1� , 7 M 4 I g`r � r � k Figure 47: Downtown District Master Plan 4 II ,t•,�, ,„ `1�� it��1�� y �l�r l(tsly�f 11i�� J�l[�r �i i�tiS} s4r j �rit��t�)�yyy t�l ley it � iy 1 s u 4 r' r r I I n�i�pp�,,IfI �1 E i I I j tr r��,, tr ss�'�`t�Yrtstr s t tt 1 a r, s \ ll n �4 lil liIk ��»21 fii�i rz X14 — _ 42 r t�r x i �k vywrs � T t psi —0' ��R 0 4) aL �� `.��'�� '•: �t'�' ��/t� �`*`r't 4 �rs_ 1 t4, �,�fi�i t .��+�i. 4V � t � use „r t it its acv � n n Paso �� ., tV,14f+{��q ��{ �i,'�tt ,�� r,• � i t�f �17t]��,�� v'` �i ��"`� s +s C0 O O 'Ff _ 0 O O H O O N O O Ln Op i R Y o o o Oo w V = O O N � Ln-C .. + m y °J m ur (L) bf U br c ei of 2 al 3 02 y m ;. 0 ;. 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J J J J J J J J do aj N LA q 0 U 'Uaj J Q C7" ) N + v Q y > e G d Q ILLLLLL I I v u � � v c E •.' (, Q u m N m h a N 4 o k m v S2 W m W o a B �4 o z LU :E IL 0 W. ui us > W Uji U- LU 0Q Z uj x LO go Im "'A PROPOSED DEVELOPMENT FCR BOYNTON REACH 115 FEDERAL EW PROPERTY November 9t", 2020 oro Banyan sib s qrrr, � � CITY OF CS T � � � s = L in Partnership withBOYNTON + "M SEALESTAT CO3 WNfff R DIFEVFLa~��`:ENTAG'ENC, LUTIONSL LLC .;, .,,. CONFIDENTIAL INFORMATION - The information contained in this [proposal] contains our trade secrets as defined in Section 812.081(1)(c), Florida Statutes.This information is proprietary and confidential and must not be disclosed or used for any reason without our prior written authorization. Such confidential trade secret information is exempt from the public records disclosure law pursuant to Section 815.045,Florida Statutes. 'F(f°j�� sib i �'10"`v�,r2o Ir$ TAS o cowy�sal i? ti t �� Letter of Interest I'llJII z tr` Development Team Schedule U Uof'l�13141, �s Neighboring Properties IS �� s tk �t i,�t �` � f 5 #(r y Master Plan , Concept Photos and Renderings Jilili, Financial Approach � � ,i Project r r iPro-forma ��`> Wh E2L , s 1 I 1SEtp � 3 Ire IYR 'T xz iia. TTJ Eil D) I INTE �E,YS;S Or rZ !W E2L +rt REAL ESTATE :. � SOLUTIONS, LLC November 9, 2020 Michael Simon Executive Director 100 E. Ocean Ave., 4th Floor Boynton Beach FL 33435 Ref: CRA and City Owned Property at 115 Federal Hwy Dear Michael and CRA Board, E2L Real Estate Solutions, LLC in conjunction with our design partners are submitting for your consideration this "Letter of Interest" and supporting information in the interest to partner in the development of your real property at 115 Federal Highway. Our experience of working with Boynton Beach over the past 4 years on the BBTS project has provided us with a deep understanding of the long-term interests of the CRA and City. We would love to continue creating the vision for Boynton Beach, working hand in hand with the Commission, CRA, City Staff, and community at large. We understand the CRA has received an unsolicited LOI for the old library site based on August 11, 2020 CRA meeting, that we attended via virtual mode. We understand that the 90-day consideration period will expire today, and we are submitting this letter in the interest to provide options to your decision- making process. Our approach in developing your property will address several factors that could positively impact the development: 1) We have met the surrounding property owners and tenants (Harvey Oyer, Davi Camalier, Valarie Hatch Pleasanton, Shafiqul Islam, Kim Kelly) in person or virtually to discuss their interests, concerns and ideas along with short- and long-term objectives. The exception was Bradley Miller who is currently working with the initial group that submitted the unsolicited LOI. Having an appreciation for their situations provides us with the opportunity to work towards common goals with the CRA and Commission to support the highest and best use of the property for generations to come. 2) Having learned from our BBTS efforts, we are prepared to provide alternate solutions to the parking needs of the existing businesses and future development projects such as the FEC train station site. We are proposing to apply the parking land-assessment approach discussed with the city, using the land zoning densities and payment approach for property development rights as derived for the long-term parking ownership that the city desires. 3) Again from experience, we are proposing to option the property needed for the Private Development while leaving the public property in place for the parking garage with final acquisition of land occurring after the project zoning approval and financing commitment confirmed along with permitting ready for issuance to start construction. The land purchase option price would be based on a negotiated value with consideration of "open book" costs to be incurred in delivering the public parking requirements which are proposed at 150 spaces (based on our design more parking can be made available should the city decide this would be needed now or in the future). 3 4 Click Here to go Back to TABLE OF CONTENTS 4) Our proposed development is uniquely designed in consideration of Post COVID-19 considerations and represents a state-of-the-art layout for accessibility, sustainability, wellness & health, urban renewal, and mobility. We have planned a true mixed use design that encompasses 220 residential units, 34,000 sq ft of retail, 130 room hotel and associated greenspaces to complement the planned and completed development throughout the Boynton Beach Town Square area along with a 686 space parking garage. 5) We have met with planning and zoning to review our design concepts which allowed us to confirm building setbacks, scale relevant to adjoining properties, green spaces, waste management, walkability, and proposed relationships to neighboring developments. We believe the Ocean 1 development scale and proposed development options to complement Banyan Oasis would greatly benefit the CRA and City of Boynton Beach's goals for the downtown area development including the possibility of integrating Davi Camalier's Ice Cream property into the project. 6) Civil considerations including utilities and storm drainage have been discussed with partner Kimley Horn who was our Civil Engineer of record for BBTS. Our understanding of traffic and mobility options for the site have also been coordinated with Baker Barrios including the widening of Hurricane Alley for a safe pedestrian friendly environment to coincide with the overall development to build from the existing restaurant and retail in the area creating a destination space on the west side of Federal Highway. 7) Lastly, we are proposing that the city work hand in hand with us in the interviewing and selection of residential partners who fit the expectations and needs for housing in the project coupled with the proposed hotel development which may also be designed to support for sale residential units. We are excited about the opportunity to continue our development efforts with the CRA and City of Boynton Beach and look forward to discussing how we could move forward with our proposed concept designs and approach to execute the development. Mark Hefferin President E2L Real Estate Solutions, LLC Copy: Kelley Hefferin-E2L Holdings, LLC 4 Clack Here to go Back to TABLE OF CONTENTS DE EL0PM1 E Nf T E A , BOYN TON' , e BEA6 �, CRA hl �P}r 4i zts�s� BOYNTON 77 B E A, C H w �C ��---yy TT I I W u � SOLUTIONS, LLC i ' Baker Barrios Ill,............. i, m e y or'n r r' f off, t t5 3l\ t f - � Expect More. Experience Bette w EM 4 Click Here to go Back to TABLE OF CONTENTS Sju , Mark Hefferin President E2L Real Estate Solutions, LLC 7 Education M tII Bachelor of Science, Civil Engineering&Architecture, Fairmont University, Fairmont,WV � � Professional Affiliations Design Build Institute of America (DBIA) International Society of pharmaceutical Engineers (ISPE) Associated Builders&Contractors, Inc. (ABC) Bio Florida including Speaker engagement on Research Facility Design and Construction Florida Certified General Contractor CGC1512871 (Active) Profile Mark has been in the Design and Construction industry for over 37 years. Having spent 28 years with a national construction firm he founded and operated operational offices in Raleigh, NC, Richmond,VA, Baltimore, MD,Washington DC, and Orlando, FL serving major client's in the Public and Private sectors.With responsibilities peaking 250 employees he oversaw the design, development and construction of over 12 Million Square Feet of complex facilities serving a variety of industries.This included Healthcare, Pharmaceuticals, Institutional Education and Research, Hospitality, Food and Beverage, Micro Electronics,Aerospace, Retail and Commercial Office buildings. Over the past 8 years he has worked in the development market sector using his extensive knowledge of design and construction and applying that to the design/build process by integrating site selections,entitlements,zoning and permitting activities.This comprehensive background provided the platform for delivery of a multitude of specialty clients including the Federal Government. NASCAR I International G Speedway Corporation (ISC) g, GRAND-AM World Headquarters Location Daytona Beach, Florida Construction Value $38.5 million Building Size � 200,000 sf Completion 2009 Assignment General Contracting The 200,000 sf eight-story, corporate office building consists of a concrete frame structure Client with a curtain wall and composite metal panel exterior.The interiors included open and International Speedway private offices with executive class offices on the upper floor which incorporated a number Corporation of select finishes including marble flooring, natural finish and lacquer finish wood wall panels, custom back-painted glass walls, and custom glass and demountable partition Architect office walls. This project achieved LEED Gold Certification. Below referenced projects Gensler/Design Collective reflect related work completed in around Seminole County during previous work Architects experience with Suitt Construction + BEK. LEED Certification EM LEED Certified — Gold 4 Click Here to ger Back to TABLE OF CONTENTS l s t lit s� a-illl r , i+ i \s\l is{( rl � iilis r;r`.l 1� tr ,•`i ,r s„.rS { it+i,l}till + t{r\l\ t t lit 1Ss , t 1 t� i r f to 1 I&1 e €�l S7 S `l1 Town Square,Boynton Beach,FL— E2L Real Estate - Solutions, LLC entered into a public-private partnership ; + „ (P3)for the proposed development of Town Square which1�'1' will include more than 700 residential units,a 120-room hotel,80,000 square feet of commercial space,theh`. renovation of a historic high school,an 110,000-squarefoot � V City Hall/library building,parking garages, park and playground areas,and associated infrastructure.The ll��i s project also includes a new 57,000 square foot Police ,',t Station,a 12,000 square foot Fire Station,a 2700 ton ``° t lei District Energy Plant to serve 13 new buildings.The scope of the services also included raising of eight city buildings over the 24 acres of property.The proposed infrastructure �''+� �.�;'•�''�' if fi{� l"'� '„1 `` includes 4,850 linear feet of new water main;2,500 linear ' feet of new gravity sewer main; a municipal lift station and a force main; reclaimed water main extensions; district energy chilled water line routing; and paving,grading, and drainage design. r The Westin Lake Mary I Orlando North Location Architect Lake Mary,Florida Milton Pate Architects Construction Value Awards $34.5 million ABC Award of Merit(Excellence in Construction) P li 1} i 1 i i S Bulding Sze 1 Commercial—$20 to$50 Million 1 91,0 00 sf Category The facility houses 20,000sf of meeting and ballroom space.A sushi bar and Completion Awarded by Associated Builders Shula's 347 Grill restaurant are also included,along with a heated outdoor 2009 and Contractors,Inc.,Central pool and hot tub.The W estin W ORKOUT®fitness facility features state-ofthe- art equipment,with weight machines,free weights and cardiovascular Assignment Florida Chapter equipment.A car rental desk and a full-service business center are also Construction Management at Risk (2010) available at the hotel. Client YRG Hotel Group,II,LLC ° t1>fr 4 Click Here to go Back to TABLE OF CONTENTS Kelley Hefferin Managing Partner/ E2L Holdings. LLC Education Associate of Science Degree, Fairmont University, Fairmont, WV t , Profile Kelley began her development career in 2016, with the co-founding of E2L Holdings, LLC, which is the parent company of E2L Real Estate Solutions LLC. She has been very active in the public-private partnership (P3) for the development of Boynton Beach Town Square (BBTS) in Boynton Beach, FL She has been instrumental in the (BBTS) capital "Naming Rights" campaign to raise funds ($7.5MM target)to ensure that businesses and individuals can leave their mark in a chosen area within Town Square.The goal is to maximize the potential of all the facilities and offer the most positive impact to the community. Every aspect of Town Square is designed to offer enjoyable, meaningful gathering areas that are also safe and secure. Visitors will find lovely walkways to stroll through, while advanced camera systems monitor public areas with sight and sound detection. For those who are deaf, hard of hearing, or have visual impairment, electronic crosswalks and digital/voice signage are incorporated throughout the Cultural Center. The Cultural Center is the newly renovated, original Boynton Beach High School built in 1927. A treasured part of Boynton Beach's rich history. A comprehensive list of donor opportunities are available for naming opportunities, including meeting rooms, classrooms, gallery spaces, courtyards and greenspaces. Previous Experience CSX/Chessie System Railroad Clerk/Operator working closely with Dispatcher, writing up orders for train Conductor and Engineer for orders on schedule and assignments. Dillard Paper Company-Accounting Young Phillips Company-Accounting t� E i j akk �' v' �r 6 �5,W'� 4 Click Here to go Back to TABLE OF CONTENTS Public Relations for BBTS, including focus on Arts, Playgrounds, Cultural Amenities — by attending public input meetings and being part of selection committee for approximately $1.8M\\M of Art with City Staff. 11"'N } rEE�Et�Y 2S 0�1t i u 1�EY Ys s.t, Y E' 9 1 t 1; f rl?IV Y } � if- ( a r X 1 E n, t v ' E U } r ' 9 4 Click Here to go Back to TABLE OF CONTENTS "'" Antonio Balestrieri Development Director E21L Real Estate Solutions, LLC { z Education 2012-2014:Masters of Business Administration(M.B.A.)-DEANS List,with Distinction Schulich School of Business-York University,Toronto,On,Canada g,, {t 2002-2006:BachelorofEngineering;Civil,Structural(B.Eng.)—DEANSList,withHonors McMaster University, Hamilton,On,Canada Professional Affiliations -Professional Engi neer(P.Eng.)License-Professional Engineers of Ontario(Canada) -Rea IEstate SaIesAssociate License- National Association of Realtors(USA) -Urban Land Institute(ULI):Leadership Initiative—Public Leadership and Public Private Partnerships Profile With a technical background serving as foundation for Land & Real Estate Development, Antonio has focused on overseeing development projects, origination, programing, feasibility, and project financing. In supportive roles taking projects through entire development lifespan, Antonio has been able to assist on leading bid team consortiums for solicited and unsolicited proposals to Federal Department of Transportation & Municipalities. Previously, Antonio worked on large transportation infrastructure business development, coordinating JV partners and assisting with capital stack ($250M equity;$700M non-recourse debt) syndication with international and domestic banks and other institutions, using best practices for improving bond ratings of Special Purpose Vehicles. With Public Private Partnership (P3) experience, and traditional private sector, both low and high-rise projects, Antonio has been concentrating efforts to combine both types of project delivery with project financing. Projects include turnkey master planning strategies to catalyze and secure private investment across various sectors. Currently, in final phase of completion, Antonio has been involved from financial close on managing $120M USD (mix of Bond and City's Capital Improvement Plan funds) design/build, City buildings and facilities, with varying financial commitments. He is also working on feasibility of other large mixed-use developments and assisting E2L Co-founders with company expansion and growth. Y �t+z��»1sr{ .tnk �, � Y�"`111 Town Square, Boynton Beach, FL —E2L 11� 1); t � Real Estate Solutions,LLC entered into a „ { public-private partnership(1123)forthe ,��` ;' proposed development of Town Square which will include more than 700 residential units a120-room hotel 7 7 80,000squarefeetofcommercial space, the renovation of a historic high school, an 110,000-square-foot City Hall/ library building, parking garages, park and playground areas, and associated infrastructure. The project also includes a new 57,000 square foot Police Station, a �� 12,000 square foot Fire Station,a 2700 on District Energy Plant to serve 13 new r� buildings.The scope of the services also included raising of eight citybuildings overt1 1 - the 24acres ofproperty.The proposed T infrastructure includes 4,850 linear feet of newwatermain;2,5001inearfeetofnew gravity sewer main;a municipal lift station ` s and a force main;reclaimed water main extensions;district energy chilled water line routing;and paving,grading,and drainage design. 0 4 Click Here to go Back to TABLE OF CONTENTS ,i3 TSFI��, �� TS�,1�,°�s�a ts ...• - 327 Royal Palm Location: Boca Raton, FL Construction Value: +20 Million i �� tm Building Size: 120,000 SF Completion: 2018 h Assignment: General Contracting " Client: Group P6 sr Architect: Vander Ploeg &Associates, Inc. Architects and planners O"F, Luxury, 25-unit condominium at 327 East Royal Palm Road in downtown Boca. Prices range from $1.6 million to just under$3 million. frr Special Features: 2 floors below grade Parking (Use of = Densified Soil Material (DSM)to accomplish deep foundations and constructability), rooftop amenity deck and pool with ocean views. 1-66 Expressway A ,� � ��` Location: Virginia (Outside Beltway- Route 29 to Interstate 495) Cost: Approx. $2.5 Billion USD S Length: 22.5 Miles of new Express Lanes ° Completion: 2022 " Assignment: Design, Build, Finance, Operate, Maintain . .I Client: VDOT s D.B.F.O.M. 1-66 Expressway—22.5 Mile extension to provide increased level of service and commute times. Curated Development with partners on risk mitigation and • project feasibility. Coordination of Competitive non-recourse financing and availability payment model. u Special Design Features: lifecycle analysis with robust hs, roadway pavement design to ensure highest level of service. ' 1-285/SR 400 Interchange Location: Georgia Cost: Approx. Est. $750 Million USD Length: 4.3 miles on 1-285 and 6.2 miles on SR 400 Completion: 2020 Assignment: Design, Build, Finance. Client: GDOT D.B.F. of I-285/SR400 Interchange -Bid Package �Y N Development: New Interchange with improvement of 4.3 .„ miles of I-285 and 6.2 miles of SR 400 for GDOT. Project ss goals to reduce traffic and increase safety in surrounding the 1-285/SR 400 interchange in downtown Atlanta. Special features: addition of new flyover ramps, collector- distributor lanes and other facilities to aid in arterial travel. 4 Click Here to go Back to TABLE OF CONTENTS 11 FIRM PROFILE iaar Barrio F, Baker Barrlios Architects,Inc. bft With offices in Orlando, Tampa, and Nashville, Baker Barrios Architects was IRS yaj?i _ established in 1993 with the vision of establishing a legacy based on creative excellence,innovative solutions and long-term relationships. ORryas , 1� s Our experience includes a proven track record telling the client's story through 1i placemaking,visual and creative design,production and project management and A the provision of quality control while maintaining the project's construction on budget.As well as a high level of involvement and follow-through to the project's j4'yj¢iu I completion to ensure that the Owner's objectives are met and the integrity of i design is maintained even after Owner occupancy. The strength of every firm is in its people.We realize that our firm's utilization i of technical resources and our ability to staff projects are always of priority to clients. Our staff of over 120 highly trained professionals is experienced in a variety of assignments for developers, corporations, health care providers, B religious organizations,state and local agencies,and colleges and universities.Our professional staff provides full-service planning, architecture, interior design, and landscape architecture services. OUR MISSION To shape and inspire transformation one person, one project,and one community at a ClickI time.We shape the future by transforming present spaces into tomorrow's places. To"shape" is to influence how a place is perceived and experienced physically, More P intentionally, and psychologically.These elements are represented by the Ps of placemaking:presence,purpose andpersona. � z uYvcr� L r c X11 � + �- vs - l x 4 Click Here to go Back to TABLE OF CONTENTS 11 FIRM PROFILE D1 Raker k_a rloS ARCHITECTURAL DESIGN + MANAGEMENT s Baker Barrios has developed a proven administrative and design methodology of participatory planning which involves the architectural and construction management team with all participants of the owner-user groups. Our Clients have applauded this process,affirming that this collaborative approach has resulted in the smoothest, most successful projects ever designed for their organizations. _ 1 l 4-- - What distinguishes our design and management process is that it is not a single kick-off session, but rather a series of multiple day long workshops. We involve s the Owner/Users/Stakeholders in an energetic, imaginative and visionary environment that fosters creative solutions.The atmosphere is informal, r encouraging communication, setting aside inhibitions and preconceptions,while creating enthusiasm and a shared mission. �i6rrN77 SII VISUALIZATION r We use story because rtes one of the oldest and most powerful ways that humans 0 have to communicate with and understand the world. It governs how we do or don't see meaning,value, utility,and affordances in both ideas and things. Story structure and its underlying principles will help us build better projects. It's how we get your target audience to relate to your project. We visualize information to see patterns and connections that matter to our client's story.Visualization is the art that allows us to focus on the information . . . ... that is important to the story. 'fl I Our team uses Virtual, Augmented and Linear visual tools during the process. �, Mil CCt Combined with a series of design workshops, this has been a highly effective approach to maximizing participation, communication, and decision-making throughout the design process for the owner, users and design team. Our story r telling visualization design approach is used in all our projects. «�s 9irz 61 s ' ri� ttt, i �0t Clients, construction managers and consultants have found that our three- h Y dimensional technologies and animations allow them to understand the project scope, design and building system details as it presents them with a "living and evolving'depiction of the project. i Z � 92L 13 4 Click Here to go Back to TABLE OF CONTENTS NONE TME JULIANAPARTMENTS AT CREATIVEVILLAE Orlando,Florida PROJECT COMPONENTS 409 units Rooftop Pool &Terrace Clubhouse& Fitness Center Collaboration Space Dining }" PROJECT SIZE 250,000 SF 6,000 SF retail E 14-stories 1.6 Acres r r„ SERVICES 11 Architecture t 1 ) ,w Wf i I'M J)�r{i��fNI�j_ 1 t bks 1 J t II ON 1 4 Click Here to go Back to TABLE OF CONTENTS NONE WESTSHORE BY CORTLAND Tampa,Florida PROJECT COMPONENTS 586 Units Leasing Office Clubhouse a Market Place Fitness Center t� Business Center Sky Lounge fr � Two Pool Patios PROJECT SIZE 740,815 SF 994 Parking Space ? SERVICES Architecture h u Yr"'•""� � tt"`' � tt 7rf�f �.....f tt it r rl n.. DIDi i U1 - I f ' t- ,.92L 1 4 Click Here to go Back to TABLE OF CONTENTS RADIUS Orlando,Florida - i PROJECT COMPONENTS 320 Units 6-story Parking Garage Pool Deck Ground Floor Retail i tai hts��' tit � �s ' PROJECT SIZE s 300,000 SF 13 Stories i r SERVICES � Architecture Interior Design I t S � ��€l`� ,V`~�t�� `�� {i ks r ��ilti,��1F t r �+tSl t � sr• � r t �a s k 1� I �S n � � N� ti: sy :- 4 Click Here to go Back to TABLE OF CONTENTS NORAAPARTMENTS Orlando,Florida PROJECT COMPONENTS 246 Residential Units Pool + Courtyard Features Retail + Restaurant LEED® components PROJECT SIZE 279,950 SF } 400 Car Parking Garage 2.5 Acre Site SERVICES Architecture a Interior Design Landscape Architecture -its t� F ` s w, i 1 >i � 1 1 4 Click Here to ger Back to TABLE OF CONTENTS � NONE TYT IVANHOE Orlando,Florida PROJECT COMPONENTS =-- 630 Residential Units Brownstone Festival Street Restaurants + Retail Amphitheater PROJECT SIZE 53,000 SF Retail 428,662 SF Brownstone 1,146 Apace Parking Garage SERVICES Master Planning Architecture Interior Design sll ��jI �t '11 S � �r it dill 4 '� W II ks '3 ate tt�F.t�F`zst, 4 Click Here to go Back to TABLE OF CONTENTS K1fflm1ey))) Horn An Introduction to Kimley-Horn Overview History Founded in 1967, Kimley-Horn is a full-service,employee-owned, multidisciplinary consulting firm offering abroad range of engineering, planning, landscape architecture,and environmental services to clients in both the private and public sectors. Over the years,we have grown from a small group of engineers and planners to one of the most respected consulting engineering firms in the nation—and a recognized leader inland development.Today, Kim ley-Horn has over 4,100 employees in more than 95 offices across the United States and in Puerto Rico, offering a full range of consulting services to local, regional, national,and international clients. Engineering News-Record(ENR)annually compiles and publishes the rankings of the 500 largest U.S.design firms (architectural and engineering firms), measured by gross revenues. Kimley-Horn's sound growth and stability is reflected in its steady rise on ENR's top 500 list.The firm first appeared on the list in 1981, when it ranked 421st. In 2019, Kimley-Horn ranked 21st overall and 8th among the top 100 "pure design firms."This growth has been accompanied by a steadfast commitment to providing responsive client service and pursuing continuous quality improvement. In addition, ENR named Kimley-Horn the 2015 Southeast Design Firm of the Year.The following awards provide even more insight into Kimley-Horn's culture: ®®® The firm has appeared on Fortune magazine's list of the 100 Best Companies To Work For 13 times:for six years from 2005 through 2010,and from 2014 through 2020. In 2020,we rank 16th. ®®® Ranked the#1 Civil Engineering Firm To Work For by CE News in 2004, 2006,and 2007. Kimley-Horn is the only firm to have been selected for this honor three times. ®®® Each year since 2008, Kimley-Horn has also been recognized by ENR as one of the nation's"Top Green Design Firms."More than 100 of our professionals across the firm have earned LEED accreditations. As consultants,we take pride in building real partnerships with clients.That means you get an expert Kimley-Horn team that delivers high-quality results on time and on budget,advocates for your best interests,and worksclosely with you and your entire development team throughout the site development process—from the earliest stages of due diligence and entitlements to construction bidding, inspection,and final punch lists.And because Kimley-Horn makes deliberate business- planning decisions on hiring,growth, and client selection,we remain financiallystrong, independent,and stable. Range of Services Kimley-Horn offers a broad range of engineering, planning, landscape architectural,and environmental services including: ■ Roadway and bridge design ■ Site civil engineering ■ Advanced traffic management systems o Stormwater management ■ Areawide traffic signal systems o Water/wastewater treatment 0 Parking planning and design and collection systems 0 Public involvement programs o Paving and drainage ■ Geographic Information Systems(GIS) o Utilities ■ Environmental permitting,assessment,and ■ Land development services remediation ■ Landscape architecture ' Wetland delineation,assessment,and ■ Urban design and planning mitigation ■ Predevelopment services • Construction administration/observation ■ Comprehensive planning ' Building structures ■ Permitting and approvals ' Surveying/platting ■ Transportation planning/engineering ' Aviation planning and design 92L,. 19 and f 4 Click Here to go Back to TABLE OF CONTENTS ,vnEDULE__1_/, CRA Board Meeting - LOI ...................................................................... November 10, 2020 CRA Decision to Negotiate ........................................................ December—January 2021 Agreement for Parking and Land ...................................................February— March 2021 Selection of Partners and Confirmation of Development approvals ....................................................................... April — May 2021 City/CRA staff Pre-application meetings .............................................. May—June 2021 Master Plan and Site Application Submission .................................... July —August 2021 Permit Review and Comments ...................................................... August — October 2021 Response to Comments — DART Meeting .............................. October — November 2021 P&D Meetings ........................................................................ November— December 2021 Public and City Commission Hearings ..................................... December—January 2022 Multiple Building Permit Plan preparation ...................................... January—April 2022 Multiple Building Permit application review and issuance ................... April —July 2022 Garage Phase 1 Construction .................................................... July 2022 — February 2023 Hotel/Residential Phase 2 Construction ....................... October 2022 — November 2023 Residential Phase 3 Construction ........................................... February 2023 —April 2024 Residential Phase 4 Construction ......................................... July 2023 — September 2024 Retail/Commercial Phase 5 ..............................................................................................TBD } 20 4 Click Here to go Back to TABLE OF CONTENTS APPROACH TO PHASSING OF P R 0 J E C T FO R T HI E 1-'�, B E N E 1-'�,F1 T 0 F M, fill � t � f t 10 jff fiu, ��8 a Il s MI1 : � �'u t x �e"3p��, N 0S 04 f"SIa'-ik�CSvS aRAqvi � - A All a� r N � f t_ tir�� fti t�S�p{i a r><x T r , 110�" 21 4 Click Here to go Back to"FABLE OF CONTENTS NEIGHBORING PROPERTIES," PotentialBanyan Oasis Project Site 1 Current E21- Project— Boynton Beach Town Square ` i ' Z,4 1 J 4 ff44. t f` Ocean One 1 I '.3 is c : , _ Boynton Beach Marina District The Villages at East Ocean gpl0ceyn t .. Legacy at Boynton Beach t� 4w t REAL ESTATE Ocean 500 _. 4 Click Here to go Back to TABLE OF CONTENTS oVEJZALL-,, Pf W J E.CTID E---,,VE---,,L---,,OP?MIENITI SITIE. WITIR TIRE. OPPORTIUNITlYTIO WYO fZ K WYIT 141 T14 NE I -141B o fZ$(— gag", . o r s r, - r - t� — t t E S a8 � � i�v.;yr,t N i n t v t '"tt { r�t ® • ° � ,far MOM� a.'?�rr� tr.�:S F t REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING SOUTH WEST CORNIE-l-'sR Of IIWY AND BOYNTON jEACH B jLD � d r F 4 s yr 1, s{ ui11 rs �a�f��u� Islam Pr©pert/ MOM ' {F t 24 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING NORTH EAST CORNIE-l-'sR Of EAST OCEAN AVS IUE AND NE 4Tfl SSTRE---,-',E---,-',T x h k U x r u, I N 4 Raz} �. a op t` e s rti t �__ as �" � 4�1� �• _._ �.� n FtQrid`ast tewerk ,t MO REALM 225 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING SOUTH EAST CORNIE-l-'sR Of BOYNTON BEACH BLVD AND NORTH EAST 4Tfl SSTRE---,-',E---,-',T IN 1 { vl t r 't�' � �. � - � •�r tri �- t ^��r� F r A St k� �z. t tr J r - _ �r��le„� MOM ' {F t 26 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO J C7 SITE L0 0 KING NORTH B ETWEE 1 FZEDERL IIWY AND NE 4Tfl SSTREET a '4S �t „ ,., .� a t 1� ac A� i v w F — t R. II , s Ir Shafiul 151am dyer"Family �ra��erty, t w REAL 4 Click Here to go Back to TABLE OF CONTENTS - 1 ' ' ry m {9 t @rp 4 t 5 L � tEa p d t s s Sx r A t P 1' r,. f�rdNl ar1'ia��er.'t{f� PRO JJE---,-',C,/T SITE---,-', L.OJOKING WEST ACROSS HIGHWAY `Pr©pertr�e+s 28 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS MAS, TER P L A 1 t I'll ff"ll IF t 1 - � 7 i — 4 a W a t11��11h 'rt {``' $ 111 '4,1 17 17 t orb .... rr ttT rie;H ,r 9+1 flr48r Y-" J °p =- `ai` t � � � t = t ! � } h '; Rg — I T 3 IWO 1 t r i z r Y Y a 3 �t t 7 t s ty: — . r E2L 29 REALoSTATE 4 Click Here to go Back to TABLE OF CONTENTS C'ONC'EP)T IDEASS AND RE-1-LE-1-VANIT SPACES , r FW om i 7 h � µ I 1 , I 7 i t I 111 t � IF; Ps � REAL ESTATE 30 4 Click Here to go Back to TABLE OF CONTENTS CONCE-1-TT IDEASS AND RE-1-LEVANIT SPACES {rtk a�} , it x: N - � k �yist,2 i t u' f it W-77777 ph t'� x' H:` REAL ESTATE Ys 4 Click Here to go Back to TABLE OF CONTENTS IS S 10 N t CREATE A PEDESTRIAN FRIENDLYNEIGHBORHOOD FOR THE COMMUNITY OF BOYNTON BEACH ty, come together within ��4 .F ill, � nl, atli N f public and gin spat that provide warier of experiences c�, andinteractions within the community. i' s The current situation of 2 00 has taught us that outdoor 1 ares ard recreational spaces are necessary for the t ji 41 mental and physicalea of the community.This urban , r1 development brings contemporary ideas for the design of the , future. —711-111-1-71-1 4� F= r . f - r� 171111, � rr 4{ t+trr,11 4444 _ 4 r}7Ury4 1 r�' it I",4^ It r ti})i }4(lt iti i 1 )ft�t '� §„ it iri�,hs,it tiir{4 7s,�4 Ej El f 4 S r + �5 It 4 �11 1111+i1 , I TRATE STATION t�i�t tri: t'4 t a4�(�� 1> it 1f 744 rst - t i 1. 4t lli�t 7+4Ci�„�j,vt' 117 SIt#14 4 yifl((i 1 47 ��.Y t , 1447��541 f },� 414 ip) 1 �. - 44114( 17 1� ,1, ,7i 1 lg 4 44 (13 '*-)Yz 4r ''ti�t tt t tis 44 1 rt} 4 4 1195 rt+ed rar tw 200205.00 10 29 2320 ��,�, REAL ESTATE S2, 4 Click Here to go Back to TABLE OF CONTENTS SITE INPOR#MATION r_ ra ira,rq rca i fy prc, €ay Gb z .. PARR&Rg 1 R LEVELS Parkrng Pwxvvwda�l Gr'§ti TOWER 9.[B STORY RESIDENTIAL i t T rte, j i i`). Retail+Food B BoYet& X1 1} d Lave]01 8,749 SF S�}tu Realr�ar�tlaa i Le md� .l. 4 I NMI 56 2 1ii�'lh X, 22 Total Unita 195 1 _ TOWER 2[6.5Zd2RY R@SIl3'IWR$tJRL I Retail l Veen A Beverage 01 10,913 SP err L+�edd.ucrr' i0, Total Units 4S TOWER 2.[5 STORY R£k6RT9'ALTT'd" ° }t}itl F 4 Retail l 010 �se�era,0 �>��iy, " �Eerofiol 0l BntYtfA,SF t HOTBk. Guo'L Ns r}rr ei Le aYa3 05 Total Goext Reares 430 ENG G 3 R i The community of Boynton Beach is known for being socially active and friendly.These areas provide means for people to connect with each other,interact, and create an opportunity for a variety of activities. This lively scenery offers a vibrant engaging and warm welcome to those walking through the neighborhood,making this a '"must go to"destination. r t F I i Vi I yy �t a t N�5',ti�'ra 6. 116rifederal hway 2002015M 1o. 020 ,E21 Baker Barri(. 33 4 Cliche Here to go Bache to TABLE of CONTENTS 'EXPERIENCEHURRICANE: ALLEY ECLECTIC PASTR f- s a z }i �1 f Ixu� i0S ker 13, I � r II ` ny r L1 W. f(4 r 116 rifederal hvvy 200205 00 10292020 B� ., in 8 4�t�+.,��'de gEA�ESTu1TE AN • `;'1 :,, k��x�'��#��P ��N�'h, } }f sf�is3tr Gtt�Br ,C r.r"��%z<< r _ � r„ .w: '�.�4 c c fp v =r 1 f Al v pp S 1 t11s l� ?S,iZ,(��,1£}i,}S$t't}Ir�t(.£�,'��2�� mom :• 4 t } - f, l r s ss -t f c }t�rfi;;�ar>,1V� str._ t7t i...ts a '?s tom.: u4��aV�i11��G�t��v��tt `��,,�� 3 4 Click Here to go Back to TABLE OF CONTENTS I-R I ^.."M L � �`��jt� �I�Lm 9 I��w N C f— y M1 Pr y «cu 7 4�} f i �l '� {l A{ P 1 4 S F } 7 IS S, - I I ��7 ,a a i• R uR�Y � 7�1 ( v� 7 1�u�tl�(I�J7u�lYi jYP7�l I��i'7,, �, o I s I 6 (ll, TRANj -�'`�3yy,,. ;S1Y 4n '� �o � �qN I'rr-«..IP 'y'� r � � � � ar- ft �,«w�!b � "' aa :o..,�j„« A' BIW t��7N.« •.. ka .,� .. � . N,�}g .+}�'-wN� ., P .F RASTANDMUECME7>E . 7f� Ir 01 a si I ry 1y 7`,77,9j�S} VA i�a al �i� � �; i I 1t �•., - a t }I f, �r 7 1�jf i 116rfedewel Fir 200295.00 10.29,2020 �. Baker Barrios k Rrnr�srar� 4 Click Here to go Back to TABLE OF CONTENTS 35 C �D PARKING h� ACE"__ SU LF , i r j 4 I y Parking structure as a visual e k and Physical connection to the E Green Plaza , all z yg�gg P Fh�i... +3 '?M LPA d''t Y"' y ENT G K' E DS.i MCI 'ALKA' 1LI TY THROUGHOUT THE t NEIGHBORHOOD OWS FORAN URBAN MOMENT THAT W1 LL BECME THE"MU S T GO" LOCATION TIT OF BOYNTON BEACH. It44 S$�h — t $�Alxxhood will lead111�� 1; t to s dver* art ad nim - } y I 1 � F .- 11+5rfederal hvuyt 200205 0a 102920X1 � ,� 1: �� er Barrio YY$ ftEA(ESTATE •, ,'a ..... 4 Click Here to ger Back to TABLE OF CONTENTS 36 G H ter t RRrT Y, 1\ :F�a4.a- } r•� �f n�lailtl��;�t'x � � _ xu,yil�V��,l��\�1q1 � I y, 4� r J v s. n 4 f i k j ty u .. a �`a a , Y 4 37 ,im 4 Click Here to go Baric to TABLE OF CONTENTS � 4� +REALESTATE FINANCIAL APPROACH Understanding the Purpose of the Boynton Beach CRA and aligning our services to support the goals of the CRA Board "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. Examples of conditions that can support the creation of a Community Redevelopment Area include, but are not limited to: the presence of substandard or inadequate structures, a shortage of affordable housing and inadequate infrastructure. The CRA improves deteriorated areas through revitalization efforts which improves the property values within the designated CRA area and increases property tax revenues. Our approach to the Development of (insert name selected) of the CRA property at 115 Federal Highway includes several key factors to assure the overall project success. These include taking our experience and applying that to today's economy and interest of the CRA and City of Boynton Beach. 1) Parking for the overall development including existing business is critical. The financing for the garage is proposed to through Public Financing using the low interest rates available to the CRA/City of Boynton Beach under an Enterprise Parking System as proposed for BBTS. Private property users would be accessed a parking license fee to cover the proposed long term 30-year bonds coupled with TIF financing to offset any shortfall in parking revenues. We can also offer the CFP approach used for BBTS should this be preferred for the CRA. 2) Purchasing of the private sector parcel(s) would be through land options for each component shown. Closing would be based on confirmation of all financing necessary in place (equity and debt) to construct the properties. E2L would work jointly with the CRA/City to select partners for each asset class and/or through our direct equity debt partners for the developments. 3) Since the property is in an opportunity zone we will focus on working with the existing land owners specifically with Davi Camalier to integrate key parcel(s) into the CRA site and create a true master development. Appraised and/or negotiated property values would be used to underwrite the project. CRA/City owned land would not be incumbered until transfer of property was confirmed with financing in place. 4) We have established the below estimated values based on the programming section of the private sector proposal.The anticipated Tax Incremental Financing generated would be as follows: ➢ 125 residential units-leased based $41.3 Million ➢ 95 residential units-leased based $30.9 Million ➢ 130 room hotel or 42 for sale townhomes $21.1 Million ➢ 30,000 SF of Retail/Commercial (included above) ➢ Estimated total propertyvalue at completion $93.3 Million ➢ Annual tax assessment $730,000 ➢ TIF available over 30 years $21.9 Million 8 4 Click Hereto ger Back to TABLE OF CONTENTS � k� + REALoSTATE PRO JECT PROGRAMMING AND PROFORMA CURRENT CONCEPTUAL MASTER PLAN PROGRAM (Preliminary figures, subject to change through detail design) NEW BUILDING COSTS Gross Dwellings Est. Breakdown Sqft #Units/Suites Studio 1B 2B Residential 1 115,000 125 47 56 22 Residential 2 83,000 95 45 40 10 Residential 198,000 220 92 96 32:1 Hotel 67,000 130 Retail (new) 30,000 total(sqft) 295,000 1 TOTAL COSTI $90-95Mil. (excludes parking) STRUCTURED PARKING (GARAGE) COSTS Type Count Private 536 Public 150 (Includes existing commerical) total(spaces) 686 TOTAL COST I (Parking only) (TOTAL PROJECT COST I $114-119Mil.1 OPERATIONS & ASSESMENTS OPERATIONS Annual ($) Gross Rev. $ 1,003,200 (From Garage Assesments) Operation Costs $ 415,000 (Includes Reserves) ,Gross Profits $ 588,200 (Available for Debt Service) Full Financing $ 739,307 (Annual Debt Service)" Funds Available $ (151,107) Additional funds required to service Debt from projected Annual TIF available Projected Annual TIF W (Conservative figures shown) 30 Year Projection (Excludes Increases in Ad Valorem) "fw Notes: (Based on prelimnary cost est. 93.3M) *Assesments on private and public spaces vary and subject to change and may involve subsidies "Payments made monthly,includes Interest&Principal REAL ESTATE 39 4 Click Here to go Back to TABLE OF CONTENTS WYHIY E-2L ➢ Continuing the Partnering Commitment to Boynton Beach! ➢ Continuing performance execution as established on BBTSI ➢ Continuing to support the CRA and City vision for the future! } , � , t t , � � � �� \ l ,� � fit , A 6 I"'A "o ,Ili 'u P� REAL ESTATE40 OLUTIONS. LLC 4 Click Here to go Back to TABLE OF CONTENTS B &H Fine Foods II Inc. 6063 SW 18'h St. Boca Raton, Fl 33433 Letter Of Intent 2020.November16. To; CRA of Boynton Beach Re: CRA Notice of Intent to dispose of real property at 115 Federal Hwy Boynton Beach Fl.Publication dated August 19, 2020 B&H Fine Foods II Inc. (developer) offers to acquire the CRA parcel at 115 Federal Hwy to develop a Supermarket consisting of 20.000 square feet with 120 parking spaces. The Supermarket will be built to gain the status of LEED Certified. (Green Building). The Developer will work to partner with the CRA to create a development that compliments existing neighboring businesses along with the long-term goal of a Commuter Rail Station. Term and conditions of this agreement would include a Reverter Clause to protect the CRA's interest. From the confirmation of an agreement with the CRA the developer would look to have the project completed within 18 months. Projection date would be mid 2022. The Supermarket would serve the Boynton Beach downtown and surrounding neighborhoods. Features of the Supermarket will consist of an Urban Greenhouse, (a first in Florida), offering a Farm to Table offering of produce grown on site and including produce from farmers throughout Florida. The Supermarket will offer a full array of departments that compliment the neighborhood. Another feature unique to the Supermarket will be the Commercial Kitchen. The Commercial Kitchen will be certified by the FDA. This commercial Kitchen will offer the opportunity for local entrepreneurs a place they will be able to produce and sell their local products. Currently the developer owns and operates a Supermarket in south Florida that has been serving the community for over 35years.Also, the developer manufactures and markets consumer package goods to national supermarkets. We look forward to further discussing this unique opportunity to be part of the Boynton Beach community. Yours sincerely, Barry Adkin Director B&H Fine Foods Inc. 2 R� 7,� EIE., x+ • M I"d Use Development Proposal 'i GREEN 115 ti - GREEN 115 Letter of Intent Site Plans & • Elevations The Team t _ Capital Stack & Proforma • Project • Highlights a Timeline • Letter of Intent � VA a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a REEN + 43 114 It xot #, n s w � 'd. Letter of Intent 1 - 1 i . l - 1 a I — Letter of Intent - Continued 4 l 1 \ § - 1 � = K - _ 1 _ l A - ',"��.. � = - � � �.('.�' �..= ;•y '_ ..= _ � tri,.. �'. : �.kmw - � ,� '.. _ - 1 t \ { 4 - - _ 1 t 4 - Letter of Intent - Continued + a \ t = 1' = F t \ tN \ l \ = 1_ 1 - Blackojjyx CAPITAL C YATES bakertitty ASSOCIATES ARCHITECTURE E� MOS BAINBRIDGE Building the Exceptional Miki Kievan CEO Blackonyx Capital LLC While attending business school at York university, Miki founded his first company in r the hospitality & events industry, which grew to become Canada's largest event decor company. In 2008, during the economic downturn when most people were selling off their real estate assets due to the uncertainty of the marketplace, Miki saw an opportunity and started investing heavily in commercial real estate. His acquisition strategy proved to be highly successful. Over the past decade he has acquired and developed hundreds of thousands of square feet of commercial, 4, {{_ industrial and office space in the Greater Toronto Area. His business savvy and passion for real estate continues to be the driving force behind his winning investment formula. In 2016, Miki founded Blackonyx Capital due to growing investor demand to invest alongside him in medium-to-large commercial real estate assets across North America. Miki has been actively involved in a number of philanthropic and non-profit organizations, and has received many accolades over the years for his contributions. Multi-tenant office & retail complex developed and managed by Blackonyx Capital LLC �4 n t r t ; �4 F t ' ilu i �4 t} 4 V w r 83,000 sgft on 4 a 3 acre a rce I of t f land. d. r 1 1 1 1 1 1 1 0 1111111 1111111 1111111 Multi-tenant office 11S-133 & industrial complex developed LIMESTONE and managed by Blackonyx Capital CRES9 LLC TORONTO I NN: wi � C21 I , j r I 1 Y• 111' r!( t Ilfl 1f 5N+ �N rl I Z r i I r I f � 3 � � � � � � � 21,000 sgft on a 1.05 acre parcel of 1 land. SATES Architectural Partner ilASSOCIATES ARCHITECTURE KELLY YATES - PRINCIPAL/PRESIDENT Kelly Graduated as the top ranked student from Texas Tech University, Magna Cum Laude and was the Recipient ,, t of the 1987-1988 American Institute of Architects School t; =7 Gold Medal, awarded annually to the most outstanding graduate. After moving to Florida in 1988, Kelly passed the Architectural Registration Examination in one sitting s mil and received his license in 1990. Kelly has worked for a number of prestigious firms in the South Florida community, and has been practicing on his own since 1993. A talented designer, Mr. Yates has received many awards, including Gold Coast Builders Associations Prism Awards and the Treasure Coast Builders Association Medallion Award. In addition, Mr. Yates has taught Architectural, AutoCAD and 3d Modeling classes at the Palm Beach campus of New England Technical Institute and Lincoln College. DAVID MAHONEY - SENIOR ASSOCIATE Self-motivated designer with over ten years of experience �r. in architectural design, project management, construction document production, three dimensional modeling & CADD Design with a focus on high-end custom , residential projects all over South Florida. Further � experience includes renovations, remodeling and new £4 construction for residential, medium sized commercial and medical facilities. SATES Architectural Partner ilASSOCIATES ARCHITECTURE Award Winning Architecture • Over 30 Awards for Excellence • Gold Coast Builders Association: • Gold and Silver Prism Awards for architectural design in new construction, per-construction, renovation, and commercial • Treasure Coast Builders Assoc. • Gold and Silver Medallion Awards • in new construction, and pre-construction. Since 1993, award winning Architect, Kelly D. Yates has been providing a full range of exceptional custom, residential and commercial architecture, design and consulting for private clients and prestigious area builders and developers throughout South Florida and beyond. Specializing in new construction, renovation, master planning and historic preservation/restoration. The firm has extensive experience in commercial, residential, healthcare, and hospitality. Yates Associates Architecture artfully combines one of civilizations oldest disciplines with today's ever growing state of the art technology. The professional staff at Yates Associates offers a wide range of backgrounds and training. We combined seasoned experienced with an attitude that is current and aggressive providing a diversified studio for new ideas and innovative results. 14 YATES Architectural Partner ASSOCIATES ARCHITECTURE Local Pr jects 01 The Breakers Beach Club i fan, 111,01 .. . . . ..... . I I Fill I I I 11 A:k I I x� ir'din St Lucie Dabs Putt St Lucie, Florida k St Lucie Oaks Commercial Center t 45,000 5,f,1100 Boom Hotel 15,000 s,f. Commercial Building U 1£ 4� Al, 46 Concept Concept rendering f , { R �Iry Site Pian Typical Floor Plan )AN,, r €(r � �5�)R3tjSl4 rS,sj" r�n5 ommer lal Buillrng FronT LlevaTion ��f�S4�yltn,�r,t{P21t�Yiitijt� s��1�ti�z,i�t�rti r,�,t'?\?�\a�titt` tv re, ))� sj�j � �11 � 1011 V, , LD -- LU - ' ; � 1 Hotel Front Elevation Ocean Club Condominium Ju ffer, Florida f ft sf f, % V i, ry( b Elf I Vi f Uri h 7 y, f ? U f i in - ~� ,l sl M1��Yu l Conceptual Rendering _ - 'J ' fS tt _ Svnan 4F d" � 4 I� "ark>,i aMr i Floor Plan 1®7 MC)SS Construction Partner Building tthe Exceptional Moss is a national construction management company providing innovative solutions resulting in award-winning projects across the United States. And while we have an exceptional portfolio of successful projects, it is the foundation on which each is built that truly sets us apart. We are a family business, forged on longstanding relationships and unwavering trust. We put our world-class experience and entrepreneurial spirit to work across all areas of construction management, general contracting, design-build and public-private partnerships. MC )SS Construction Partner Building the Exceptional Local Projects VIA MIZNER APARTMENTS iyitl 0 14-Story - 366 Units - 255,746 SF i �M '` * 18,707 5F Retail t ® Parking Garage:4-Story, 254,000-SF 1,777 ® Cyan e Cate JE i, 4 r { r : r r It m ti ��liw' r p -1, .7-2- THE MANOR AT FLAGLER VILLAGE Located in downtown Fort Lauderdale, this 784,000-square-foot residential project consists of two, seven-story towers with 382 residential units, a parking garage with 735 parking spaces, and almost 2 ,000 square feet of retail and restaurant space. The type of residential units vary between studios, one bedroom, two bedrooms, and three bedrooms, 1 BRIDGE Property Management Partner Whether we're working with internationally recognized financial institutions or local investors, our dedicated professionals bring detail-oriented and personal service to every client and investor relationship. We are proud to be trusted to expertly manage properties that range from 100 apartments to as many as 5,000. As we deliver a premium lifestyle experience to a growing number of people, we strive to share an improved outlook with our investors. The neighborhoods and cities that our communities call home are special places. Bainbridge is inspired to make them even better. From making a difference in local green spaces to helping those who need assistance, we encourage any community service that brightens the future and inspires others. The Bainbridge difference begins with the unique neighborhoods that our communities are fortunate to call home. Property I LocalPartner • _ t y ty �qy; f S if}}S}illiA'„Sl lc t t , ,,rt 1S S'S'S11t 1 ,f4}l>(lk01 t y>ty y z - � i Si ty s r �I 6 S `w a , 5'S �_„� . 4➢ � �;- �}�) � til}tt}S� �1�� a II 1u. }� 3 K g �. . �F' f r k VW c s%ft 11 II - t 1 Ito s <<fis Romm malmmm Om IP Omm" Newmark _I Debt - -_ _ 140MM 63 mom lamm Knight Frank Newmark Knight Frank, operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's premier commercial real estate advisory firms with a fully integrated global investment sales and lending platform. From marketing the sale of single assets and portfolios, to structuring complex debt solutions, to life of loan servicing and asset management, we provide 360-degree solutions. Taking a consultative approach, we assist clients in effectively managing their real estate operations and portfolios, and creating and executing on strategies that optimize the capital structure, increase efficiency and ultimately maximize value. Newmark Knight Frank's Multifamily Capital Markets Investment Sales team are nationwide experts, providing asset-specific customization that yields highly effective transaction strategies. By leveraging our proprietary database, each advisor has ready access to unique market intelligence to drive demand and match each client's assets to a robust group of investors from private and institutional owners to global investors. Investment sales advisors work closely with the Multifamily Capital Markets Debt & Structured Finance team on loan origination, underwriting, closing, life of loan serving and asset management. This seasoned team provides clients with innovative and comprehensive solutions by accessing a full complement of debt products including Fannie Mae, Freddie Mac, FHA, Bridge, Life Company, Bank and CMBS products. Newmark Knight Frank's Multifamily Capital Markets team is responsible for more than $37.1 Billion in multifamily transaction volume annually. 63 momm IP omm" i Newmark W"I"IMM Debt Ra'sise Partner 140MM mom lamm Knight Frank Local Projects CONSTRUCTION FINANCING T' : ` ENCLAVE AT 3230 H1 ( t" tit. South Daytona, FL Loan Amount: $28,996,000 * Term - 4 Years + 1 Year Extension • 10 -4 Years • LTC - 65% (Debt) • Status-Closed October 25, 2019 The MCF Capital Markets team was engaged to arrange the construction and preferred equity financing for the development of a 256-unit multi-housing community in South Daytona, a submarket that had not had a new development in 15+ years. The Sponsor was unsure of the structure or leverage they needed as we began the assignment but needed a loan placed that could be modified while in process. NKF received indications and/or term sheets from nearly a dozen lenders on the debt side and four quotes on the preferred equity side, giving the Sponsor optionality once the deal was placed under term sheet. Ultimately, the Sponsor chose a lower leverage option at 65% ($29 million) allowing the 23 tightest pricing and limited recourse. �ss I A3 111W 1, Local Projects 1A J, 4MV, (9 bakertitty Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion. Wright Johnson is recognized as one of the most successful providers of comprehensive consulting services for EB-5, also known as the Immigrant Investor Program. Aaron Goforth, Wright Johnson president and recognized industry expert, will join Baker Tilly as partner. Goforth is a leader in the EB-5 area having served over 600 unique EB-5 clients, conducted over 600 EB-5 economic analyses and executed over 700 EB-5 related business plans. Baker Tilly Capital is a wholly owned FINRA broker-dealer that is approved to offer EB-5 investments. The strategic addition allows Baker Tilly Capital to leverage Wright Johnson's high-quality EB-5 consulting services and makes Baker Tilly Capital a preeminent partner for EB-5 projects. bakertitty Local EBS Projects �lit�+;}ii?s,t, „r<,t,r s,�tlttir�tn llFFr �tt t�{ tSY {{j 1 4", IVORY',N4 A N—StBfLt-3 d of-sc dn.-Lixuty l y 2W-0.,A 'th. 1 h1yd 0 L I[lEA hi t L 16942 q.fl 1 1, 3BI9 I q.4 If01— !DG eo, i.,Po-eo,s -d tnW h,to9f_- rnvamz.t.r,, a W` -5 L,xt,.tiCf't oil .2ds,.Yate4Y..LOEir r'aich2/Jid-antltlebae ylesel'orihcNo.r. I'20I8 V� I I" g TAPESTRY �. -tsDIE frCOLLECTION D vsl p S.I"D L o _P ar =l.e,s<w ad,d IILl r,rt t Ism ( c t t© w v i Kis yula, SDH STUDIO i I � - H isle n HI H i I la,. r".ctiory Hotel Mrt Enit ao dHusp-dit, „ [`/�'` yy ''pps{� ''ll Iotsncr Design:SDH.,i.sds Gx -al EH5 PAR I+1 't dF eaa t t HL r- -Ilrirl4;l°. l F.c I Inarl ConsuftaI&,lw 1rC olmlia L s.fC.-a.I:9.J L - - , - E85 P§9a�sIG¢Msr.rlci tl�£B51r I.ziL�.f1�9ior�lEznter S�IAk.[%t rlLLv UNIQUE AND AUTHENTIC THE PROJECT 12112 Aventura is a vibrant mixed-use project,made up of The 10-story construction begins in 2019 and culminates in 2021,bringing together the team of professionals with the three independent components:Commercial Area,Senior longest trajectory in South Florida. 12 12 tie ng and Medical/P therofessional Offices.It is located in On the first floor of 12 r of 1212 Aventura,there will be restaurants and market-style commercial area,becoming the epicenter of Aventura,Florida USA,on a m jor high tmffic of the District,it will be surrounded by office buildings,residences and a Hotel Tapestry by Hilton,currently under orridor-Biscayne Boulevard(USI). construction,belonging to the same developer group.Development is designed by locals for locals. AVENTURA visit www.1212aventura.com to learn more. TUsra;+ µle fy1 q S � r i,r,, r;t n„ sl{ I ,,,ire,' l��lt,knu tiijl ii i Fne�T� -- tl �� A A.itI.M� [F IAP•Mpk? >� � ,. _!! i n i hw1, ,'sl •i A■ k qM '� P CM ter ttil .f osM m� �t m H„ t - i rs rn, } ' r t � a iili t ii KI" Arn ley ))) Horn Planning Partner • • Kimley-Horn's design engineers and land planners have developed master plans and designed the infrastructure for some of the largest and most successful mixed-use developments in the country. We know how to overcome the challenges of a multi-phased project. We understand how jurisdictional and municipal processes affect schedules and approval times. And we have a track record of seeing what is directly ahead, envisioning future possibilities, and responding adeptly to whatever comes along. Our professionals bring a lot to the table by: • Ensuring more accurate schedules and approval times through our understanding of local regulatory processes • Seamlessly integrating the demands of multiple project types with our expertise • Saving money and streamlining the process with our one-stop shop for land development services A Proven Mixed-Use Partner As a full-service consulting firm, our team can streamline your process and reduce your costs by providing a one-stop shop for land development, traffic planning and engineering, parking planning, landscape architecture, and environmental services. We have extensive experience incorporating components such as zoning, jurisdictional guidelines, multi-modal transportation plans, and context-sensitive design standards for mixed-use areas within a mature urban environment. KI" Arn ley ))) Horn Planning Partner Local • Clematis Street—theiconic main street in West Palm Beach, wI ri —unveiled t third final phase of its innovative streetscape transformation in earlyr • 2020. In collaborationit Dover-Kohl, Kimley-Horn led the City's r - streetscape transformation project, i included i curbless streetsi permeable r CLEMATIS STREETSCAPE parking City's it IMPROVEMENTS - suspended pavement system to provide i i i PHASES AND 3r r ' ' surrounding live ri . Connecting rlmiles of continuousr r amenity, the Kennedy Boulevard I i the longest over-water segment crownand the Riverwalk. i I - rprovided urban design and landscape r, architecture servi for this exciting project. Project Highlights � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. 5r uC # ? .g YAN A, �,G. REEN + 43 "AU-4 0.gqyy;Wi�i• e� Green Initiative Green115 will feature various green initiatives incorporated to the architecture and interior design of this state of the art mixed use urban development. Some examples of the environmentally friendly initiatives include: • solar components on the southern face of the parking structure to � '�� supplement energy consumption. i 'Q • Green Roofs or community garden on roofa,� • green wall technologies to conceal the parking garage with plantings W xil k ig and vertical gardens where possible • Pool and amenities deck open to southern exposure for sunlight and air. , , • Energy Efficient HVAC systems • Energy Efficient LED Lighting f systems • Electric car chargers • Low-E hurricane proof glass - ,� i throughout • Grey water retention and water �� collection systems for onsite / irrigation use. • In addition to glass/paper/plastic recycling we can also explore compost recycling. i 30 t s Green Initiative Ze 414 I - y�, i•`iti r; y a.. � a t l n t. 11 0 I }'� I s r { .n These green initiatives will significantly reduce the carbon footprint of both the common area amenities as well as the individual residential and commercial tenant units within this mixed use development. Co-work space on demand One of the things we learned over the past 6 months in dealing with the Covid-19 pandemic is that any of our future mixed-use developments will need to include a co-work space environment in order to accommodate professionals who can't get work done from home and also can't commute to the off ice. For that reason we allocated 2300 square feet of co-work office space. Long term, Mid term, Short term rentals: We will offer long term (1 year), mid term (1 month+) and short term rentals (1 night - hotel style) in order to accommodate work force and business professionals, seasonal snow birds and tourists alike. ��\\1 ��,5 St J,t I a ft �• ,,c,lt,r,,,} ,,r., ,:.,,'�',,;;, .c,_,,. ";�--- ,N 2},),�h.,,,a r.}'S 1 ),` �,..v<,��tj�t:. ,11 $41};5'��,„,. a,,., It rc r `,y{, iY 4:-` r q, St !7) .,�t l'7 'i`rc (�_\))�1jj l�'j�,.11 d1� i fit, J,4 1, , ,t.:•S 4 ,;� �.�� .E;tti jti��it,.•_,,.. , 1St 5S�.._`°� t'$';rf .� "�' 1�4�(�� a"�k n�,),??�J��cii�t;JS�#`r;$t'_;;l z i?triis74cl}�,_��t,�isi d��i„s{}s,i,r�`,< ,. _ _ tt ',,,`m•'�', ,s, ,;}-. $;`)�I fr cs Zs,>,.� �}ti eft(} }st{{7\r i} ��}}lt 4'{{,��tt',�i��}%f{1yt(i sf> ,}t(4 ,tl"�.,,� r ��,- V WR�7�`� ( I�gt s t`�•,7•_ _ u"ail '"� 4 1{�{{ 4��} �y�}}}�"'t��} s �is�� t r 1'i'I;,,•- -- s,r�{„r )yt4`;"y'��}}5 '� »>„'}� r-'' - Ys h u CYt `tlu"s_ � t twft2te it (�` t _ IC l��lt� t � i�t , + t ll r 1{�,• St7�7��; r INE 7) - '� `}'{�Y} S)st�2 Jtt�£t ,t�it=;r ,� _ t t,� �,, �- si� }t� • � �,, 32 Commercial/retail Over 21 ,000 sf of business space available on ground floor • The business/restaurant component on the south west corner is open to the park to engage with existing neighborhood. • Businesses face each other on the ground floor levels to engage street. • Flow of business occupancies from Federal Highway west to 4th Street. • Business space facing tracks for integration with future rail expansion. • Co-work space for tenants to work from "home" within the residential it in . . . .......I nab Ft. n ,s it { 9 t i F ,t, Amenities Green115 will feature 2 pools: (1 pool per building with amenity deck), gym, smart lockers, valet dry cleaning, lounge with refreshments, play room, future train schedule monitors, bike lockers etc... t,S, i+ ntrt�Ar ds — i �Y 1 'I � tiS . c t r t e 4 f t Site Plans & 14 Elevations 'p, �T,-Ww � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a :J1 d *'IQ 4V Davi Camalier Chevron Property CRA and City slam ul I Gas Station Owned Property slam - Proposed site Property for Green-115 P''tO Stif t{ f �4¢umtt PHASE 2 iS vu t,, "l tl f ...� es{Karr �l f iffy. GREEN 115 t l �jtlr tt fr�,t t tt! li s r ,�� r t I��f Y f t f, }r{ Isf�'�u tl ?S gd lr� it11 sf�t s I! �k f PPP +'f f, 7 �"� t I tti.s t„i{m,.s,,;slltu{f s„i l 1 s �\�lf2Rl4�4ftf{�; Jltistituj til ttt }/ D Il\ t �} f l �I �(}}t)r�ic>4t�la2t+ li{�Ilf4 it r ,1�tt1�� t l Ix�k{dpi t Sl' Yi p- AM f s � �- i 1 ( 1 } -��I! P Ace Hardware - Valeri Hatch [Dew ey Pleasanton Park Oyer Property Family LZirlway Bradley Miller a East Coast Property Property Property GREEN 15 1 YATES A OCIATES ARCHITECTURE INC- llinnij n MOMm m MAMA I l 1 > ` MM 0 14 om J M I 7 - . .. i c� z S LL z I MlI w 6_l 4 E 2 cLL ----------- El I l 1EMU L- , I ® l.� I � InIJ I r FRREVIEWRY SET 11/10/20 fes,- I 1 OVERALL SITE PLAN E SP-1 South Building 1 15 Commercial/ Retail ARCH-CTU A� E RE INC. R(SIDC)�•1L� _ 4 �� _ ��/ L'661 � "C '>`•`XCv �� t 0-W LARK 70005K 6USM255� /SPA Lti/�� II till � a m - PRELIMINARY REVIEW UII, SEi PARKI'JC.AND LL:4DING LONL 11/10/20 I E I ENLARGED SITE PLAN RESIDENTIAL BUILDING ^_^ sL 38 South Building GREEN R e sid e n tia 1 1 5 U nit s AASSOCiA`-ES ARCHITECTURE INC. JL_______JL---------IL========JL----- —IL--=-----JL=--=--=----JL=====_�� Q L u 11F-u s LLr I z r� n� IIr====== I II =====SII II IL------ ----------------- ----------- ILL - II ----- � — ---— POOL II MI IIR� I A411 IIIG� dS^= PRELIMINARY r— _ J� REVIEW 0/20 »UNI I s PI R 11O0R 9 FLOORS OVER RETAIL=I9A UNITS 10 n.00Rs FOFAL TYPICAL FLOOR PLAN- RESIDENTIAL BUILDING H 5L I 39 North Building GREEN Commercial/ 1 15 Retaell ARCHITECTURE INC. El I I PARKNr I.AIRA(J a mANCT z U w I � II II I z m 4 �ry Irt I 41LVict c�`IULIDut �} 4 lcR1..L,�J i 5,000 L l - I11'J LSS/GYMi " �I 3ISNLSS �I I III �,000 cr PRELIMINARY REVIEW 1 11/10/20 i it ------------------ __ _.__ -_- NE 151-AVFN4AF------ ENLARGED SITE PLAN-PARKING BUILDING SP-3 s 40 • GREEN 15 l2j,A� YATF5 ASSOCIATES ARCHITECTURE INC. IS LINII S PIR FI00I- -I""0 ,zivn.I°I:h.IIxx:., hn;r ce�+siiv2i IG Wu oul ter. 1R:PR.L,P UP9S llAI311,IS IJ L0O4'. 3 1 LOOKS OVER.PARK INC,; LIM I S 101'l.00KS`101 AL FLOORS 8.10) it II II II II o � < P o w w �^y r I g Ly— LL m r z I I � II II II II II I PRELIMINARY II II II II REVIEW SET �____-------_ --- -- ——— 11110/2� F T II Ii II II II °E�, II II II e-AW*' I I II II TYPICAL FLOOR PLAN 1- GARAGE STRUCTURE (FLOORS 8-10� "EFS n ° A-203 5 GREEN 15 YATES ASSOCIATES ARCHITECTURE INC. 0 ' lul p p p g p ) l u g 0 u u I I m Q u ■ ■ IN ■ ■ ■ ! x C3 LLQ T4 0 a c) I I a — PRELIMINARY REVEIEW F. a 6 1-1,OORS OVFR R[ ['AIL=408 PrARKIM.SIV IS(1 L.00RS 2-7} as 65 SUR[ACL NI AR TRA(KS . 54 SLIRI A(A l.LVI L&PAI�K ALLFL 527 TOTAL TYPICAL FLOOR PLAN — GARAGE STRUCTURE (FLOORS 2-7) A-202 5 42 GREEN 1 15 SO'UT'H BUILDING BUILDING FOOTPRINT:34,6201 S.F. GROUND FLOOR 84.1SINESS AREAS 16,070 S,F. REST ENTIA,L Of FICE SPACES 2,300 S,F. RESIDENRAC LOBBY 1 830&F, PAPKIN (VERTGCAI C:IRCl LAtIC NUIJlX IES13,1 5$1, GROUND FLOOR EXTERIOR COVERED AREAS 1 235 S.F, TOTAL: 34.620 S.F. SECOND FLOOR RESIDENTIAL APARTMENTS 22,3101 S.F, RESIDENTIAL AWNMES 2,000 S.F, VERTICAL C1r2P„U AiION(UTILITIES 1,265 s.F. POOL DECK 9,055 S.F, TOTAL.: 34,620,F. TYPICAL FLOORS(THROE-1EI} RESIDENTIAL APARTMENTS(PERFLOOR) 22,310 S-F. VERTICAL CIRCULATI NMILITIES(PER FLOOR) 1.255 S,F, TOTAL PER FLOORI : 23,665 S.F. TOTAL OVERALL: 188,520 S,F. CSRA 4D TOTAL IS UTH BUILE1ING) 257,7601 SY NORTH BUILDING BUILDING FOOTPRINT;22.165 S,F. ROUND FLOOR BUSINESS AREAS 5,000 S,F, GYWFITNESS AREA 2,160`7 S,F, PARKINi:NERTICCA,L CIRC ULATIC NI UPLITIES 14,695 S.F. GROUND FLOOR EXg RI R C aoFRED AREAS 310 S,F, TOTAL: 22.165 S.F. rYPK'AL PARMNG FLOORS{TWO-$EVENT PARKING AREAS 22,560 S.F. yERTICAL CIRcL7LATIC:INIUTIL9TlE5 915 S.I` TOTAL PER FLO 23,475 S,F'. TOTAL OVERALL: 140,850 S,F, EDITH FLOOR RESIDENTAL APARTMENTS 16,840 S.F. VERTICAL C IRC ULATIOI!�UUT1LITIES 915 S.F', POOL DECK 5A05 S.F. TOTAL: 21160 S.F, RESH)DJT0 FLOORS(NINE +TEN) 1 1 1 1 1 1 1 VECT6 15 S.F.I UI UTILITIES 9y 1 1 1 1 1 1 1 TOTAL OVEN 3 615 . , 1 1 1 1 1 1 1 GRANO TOTAL(NOPJH BUILDING) 221,685 ,F. 43 1 1 1 1 1 1 1 1 1TOTAL SQUARE FOOTAGE QBOTLI BUILDINGS) 479,445 SF, GREEN 15 SOUTH BUILDING(FLOORS 2-10) APT QUANTITY S®F. TOTAL NET APT S.F. STUDIO-A 2 700 1,400 STUDIO-B 1 800 800 1B-A 2 780 1,560 1 B-B 5 800 4,000 2B-A 1 850 850 213-13 2 860 1,720 2B-C 1 900 900 2B-D 2 930 1,860 213-E 1 950 950 2B-F 4 1,000 4,000 3B 1 1,200 1,200 TOTAL PER FLOOR(APT NET S.F.) 22 8,610 TOTAL SOUTH BUILDING(APT NET S.F.) 198 77,490 TOTAL RESIDENTIAL S.F. PER FLOOR(EXCLUDING AMENITIES) 23,565 TOTAL RESIDENTIAL S.F. SOUTH BUILDING(EXCLUDING AMENITIES) 212,085 APT QUANTITY S.F. TOTAL NET APT S.F. NORTH BUILDING(FLOORS 8-101 Studio 2 780 1,560 1B-A 2 830 1,660 1B-B 1 850 850 1B-C 2 900 1,800 2B 8 1,000 8,000 TOTAL PER FLOOR(APT NET S.F.) 15 13,870 TOTAL NORTH BUILDING(APT NET S.F.) 45 41,610 TOTAL RESIDENTIAL S.F. PER FLOOR(EXCLUDING AMENITIES) 17,755 TOTAL RESIDENTIAL S.F. NORTH BUILDING(EXCLUDING AMENITIES) 53,265 TOTAL BOTH BUILDINGS(EXCLUDING AMENITIES) 243 265,350 Area 0 Calculations GREEN Parking 1 15 LOCATION PARKING NORTH BUILDING FLOOR 1 0 FLOOR 2 68 FLOOR 3 68 FLOOR 4 68 FLOOR 5 68 FLOOR 6 68 FLOOR 7 68 FLOOR 8 0 FLOOR 9 0 FLOOR 10 0 TOTAL NORTH BUILDING PARKING 408 SURFACE LEVEL & PARALLEL PARKING 54 PARKING LOT NEAR TRAIN TRACK 65 TOTAL 527 1111111 45 1111111 1111111 1111111 Capital Stack & Proforma V111.111 � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ % , ''a ” A ", Ipig 4"n �<; GREEN 1 15 y` 25% Private Equity (GP/LP Structure) : 4, .s' Detailed Proforma to be submitted by Dec 1 , 2020 Iloilo $ Iloilo $ 1111111 7 1111111 Timeline 1-u � saa ` � mY w � 4ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a oi R*EEN + 43 #. .u' '`T2."'. fYiY+wa mry�t ` ,� 0.gqyy;Wi�i• e� *A 1, ll, fid' X14,@ yt ip bJ3,; 1�k Sa.” P " 40 rS tW ., 3k Timeline GREEN 115 LOI Submission Date Nov 18, 2020 Elevations & Detailed Proforma Dec 1 , 2020 submission CRA meeting to present proposal Dec 8, 2020 CRA confirmation and contract Jan 2021 Confirmation of Phase 2 & Phase 3 March 2021 with adjacent neighbors Team confirmation Apr 2021 City/CRA pre-application meeting May 2021 Application Submission June 2021 City application review June/July 2021 Response to comments DART Aug 2021 meeting P&D meetings Sep 2021 City commission hearing Oct/Nov 2021 Permit plan preparation Dec 2021 - Feb 2022 Permit application issuance March - May 2022 Construction June 2022 - June 2024 Pre-leasing Feb 2024 � « R� 7,� ElE., aThnk You \d 209 N Federal, LLC 9804S Military Trail Suite E2-10 Boynton Beach, FL 33436 November 30, 2020 Boynton Beach Community Redevelopment Association Attention: Mr. Michael Simon Executive Director 100 E. Ocean Ave Boynton Beach, FL 33435 Re: 115 N Federal Highway Dear Mr. Simon, I have been following the recent interest in the CRA owned 115 N Federal property. As an owner of properties in the downtown area for over 25 years, I am concerned that some of the recent proposals to develop your site are short sighted and do not allow for the downtown to be developed to its full potential. As the owner of 209 N Federal, the neighboring Ice Cream store site, I would like to offer up my proposal to you, as an adjoining property owner to work together with you, the CRA and the City to explore a public/private partnership, allowing for us to combine our sites and working on a development that would maximize the improvement of the site and its impact to the City and its residents. Alternatively, I would also be willing to purchase your property outright. I look forward to hearing from you. Sincerely, 209 N Federal, LLC By: F Davis Camalier Its: Authorized Representative 2020 CRA COMMENT LOG for 115 N. FEDERAL HWY nay,r � nQa C', 8/25/2020 Email Paul Kirchoff 9/6/2020 Email Kim Kelly 9/6/2020 Email Susan Oyer 9/8/2020 Email Paul Kirchoff 10/13/2020 Email Susan Oyer 11/4/2020 Email Brian Benninghoff 11/10/2020 Email Eleanor Essery 11/10/2020 Email James Kosluk 11/20/2020 Email Mary Chaundy dn-,iinistrati °e Assistant City Manager's Office e - Mailing address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please be advised that Florida has a broad public records law and all correspondence to nie via entail n-,Iay be subject to disclosure.Under, Florida records law, en-iail addresses are public records.Therefore, your,e-n-iail on-in-wni ation and your,e-mail address n-,iay be subject to public disclosure. From: Paul Kirchhoff<pkirch @ bell south.net> Sent:Tuesday, August 25, 2020 12:20 PM To: Romelus, Christina <RomelusCC bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Katz,Justin <KatzJrC bbfl.us>; pensergat bbl.us;grantbbfl.us; Grant, Steven <GrantSCbbfl.us> Subject: Development possibility So, let me get this straight... A developer wants to make a bet on downtown that will bring in 500 new residents, bring in millions in property taxes AND get our 3 million back that we horrifically overpaid for the church building, And you are considering scrapping the idea because Hurricane Alley needs parking? I am as big a fan of Hurricane Alley than anyone, but they have street parking and parking next to the tracks. Can't we just carve out a dozen or so spaces for them in the proposed garage and be done with it? HOW LONG will we have to wait to finally get a viable downtown? I am afraid I'll be dead and buried before I see it. I share Steven Grant's desire for a train station, but the "Coastal Link' is a decade or more away. Is there some way you could craft a plan that calls for an option on a piece of the development for that station should that rail project ever come to fruition? The downtown Master plan depicts a train station right across the street from the French restaurant. This is currently used as an FEC railroad spur. The fact that we have a very visible parcel of land in our downtown that is used for stacking railroad ties and track maintenance vehicles is outrageous. Can we perhaps use the 3 million from the sale to buy FEC out for use for parking and/or a future train station? Or use it to buy other land in Boynton that they could use for the spur? We are really not going to have a beautiful downtown unless that goes away. Count me in as strongly SUPPORTING the mixed use development at the site of the old church and parking lot. It is EXACTLY the kind of development that downtown needs. Paul Kirchhoff Downtown resident since 2005 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT BOY t i m"""" amBEACH C R,,A ity: i OPMENT A M. America's Gateway to the Gulfstream Please e advised that Florida has a goad public records law and all correspondence ence to n-ie via en-rail n-,Iay e subject to disclosure.Under, Florida records law, en-sail addresses aro public records.Therefore, your,o-n-iail on-in-wni a ion ars our,o-n-iail address n-,iay e subject o public disclosure. From: Kim Kelly<harleycabo@gmail.com> Sent: Sunday, September 6, 2020 1:36 PM To: LaVerriere, Lori <LaVerriereL@bbfl.us>; Simon, Michael <SimonM@bbfl.us>; Grant, Steven <GrantS@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz,Justin <KatzJr@bbfl.us>; Penserga,Ty<PensergaT@bbfl.us>; Romelus, Christina <RomelusC@bbfl.us> Subject: 115 N Fed Hwy Please see attached as I would like to add this to the proposal for development at 115 N Fed Hwy Boynton Beach, Florida 33435 to be considered at the Sept 8th Board Meeting Kim Kelly 529 E Ocean Ave Boynton Beach FI 33435 561 364 4008 "! 561 364 4083 office 3 �- r�i 1 ._. ..✓,{� ,t _ r {1 b�.•. , r-, . ,.;4,i.0 t,t t},',.. "l ,,,t , „, t .,.:. r,.,,, ,.r- „ ;. � \ � ., Y ) (1 J. :,t . _ , ._. � l ,�� \ .r., S t ,4,.) t i:t 1.. rc+ ,e,r i � i, ,-, i .;:,, t, i'✓.,> Y J S.: ', t •,t t,r, ,,,,. �{t� _ r ��i ,, , ,,,�,\{t c- 211(iN,s.lt,,,r, � ,, },,,r,.,, a )�r,-q., �1 v. _�� ,'r:it .�33�' I� ) ss) ,{\( }}, „�, 1�Ilt t r- .7+�' {;,i, t,. ) ,iit.}ti a,��t'i�� ), i) ss t 1�ry�� , ( �, t ➢,vtn(sti�� rJ�\ l� I t, S t ?', ( , \ U U) ,C E M o C: v o o �, a, CL c n to EE _ M 5 o `w 5 (a U N o d 1 a) 0) U E o o a? a LL U U mI mm _O cmL dQi m LL _ a ' V U) 0 O N pEO LL UE U a) mU L.L_ w- LL N W I C U a3 -0 U N C) N U cL�L a) Ya&s U ..0_)= - N a' > ti>o 0-LO yo Om -Nd ✓ S 'nCO U m N N m d N ai O Co 0 N O E O m Ea 06 E Q Y Lo a) r 7 0 O 0C N7m IL F- C', 3 OFa) a — o � � o o E mcom Q � E U U n as NcE � o o N M o U o o aO O o a b 2 A fn OLLN LO a-CA tli O N M � N M "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon, Michael Sent: Tuesday, September 08, 2020 9:39 AM To: Shutt, Thuy; Utterback,Theresa; Nicklien, Bonnie Subject: FW: 115 N Federal Hwy project Attachments: satellite parking pic--edit--marked up--152jpg For our 115 N. Fed. Hwy. Public Comment Attachment, please see the email below and attached image. Michael Sin-,ion,n, FR A-R A, CP3P, EI E3 Executive Director Boynton Beach Con'imiunit I ede °elr:pn—,ient Agency 100 E. Ocean Ave. Boynton Beach, Florida 33435 561-600-9091 a 1-333-32ata Sin-,ionM@bbfl.us http://www.boyntonbeachcra.com BOY �" ,C RA COMMUN ITY RUI)EVRI CFMWr America's Gateway to the Gulfstream Please be advised that Florida has a goad public records law and all correspondence to mie via enIail n-,Iay be subject to disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-,,ail on-imiuni ation and your,e-niail address n-,iay be subject to public disclosure. From: Susan Oyer<susanoyer@gmail.com> Sent: Sunday, September 6, 2020 5:26 PM To: Grant, Steven<GrantS@bbfl.us>; Penserga, Ty <PensergaT@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz, Justin <KatzJr@bbfl.us>; Romelus, Christina<RomelusC@bbfl.us>; LaVerriere, Lori <LaVerriereL@bbfl.us>; Simon, Michael <SimonM@bbfl.us> Cc: Kim Kelly <kimalley529@ comcast.net>; Kim Kelly <harleycabo@gmail.com> Subject: 115 N Federal Hwy project Dear Mayor,Vice Mayor, Commissioners, City Manager, and CRA Director: 1 I am writing to you all today to encourage you to NOT approve the project for the 115 N Federal Hwy/church property you received in August by Bill Morris and his partners. As a longtime resident of Boynton Beach, and taxpayer, I encourage you to listen to the people and build a project we can all be proud of, that will match the character of our city, and will incorporate its surrounding neighbors. We have an amazing city that sits closer to the Gulftstream than any other city in North America; we have insanely great fishing; we have our share of The Everglades; we have affordable shopping in our mall and designer shopping a short drive away in Palm Beach and Boca Raton; we have "location, location, location" being the midpoint between West Palm Beach and Boca Raton; we offer our residents more family-friendly and fun events than any other city in our county; we are one of the oldest cities in the county with a unique history; and so much more. People want to live in our beautiful, historic city that sits next to the water. But we need smart growth! Below you will find not only my criticism of the project that was presented, but also suggestions to improve it and make it acceptable to the residents. Much of this was covered in my facebook posting to most of you in the last week. First, 8 stories--seriously?! I and the other residents of this city have repeatedly told you we do not want buildings taller than 4 stories in our city. I understand the need for nodes, but that doesn't mean I or other residents want them or feel that they are in keeping with the character of our city. The other residents that have repeatedly stood up and fought against unsightly, out of architectural character, non-compatible buildings should not be ignored either. Countless residents speaking to this on Facebook today, Sunday 9/6. Smart development means doing what is right, and a 4 story maximum is what is right. How does 8 stories with a modern look fit into the character of this part of the city? No compatibility with other buildings sitting on the blocks. The architecture doesn't complement existing mid-century or 1920's architecture. What is the plan for incorporating the surrounding buildings into this development so it looks cohesive? Second, parking! According to the study the commission received about 4 years ago, the downtown was about 1,200 spaces UNDER parked. Harry Woodworth's motto, "don't build it if you can't park it" should be at the forefront of all your decisions. The spaces this new project proposes doesn't touch the approximately 152 we are losing. I'm attaching my parking space count from 2 Sunday's ago. Remember, Hurricane Alley has approximately 50 staff(luckily many walk or get a ride to work), Oyer Insurance has approximately 25 employees, the offices at 533 E Ocean has a dozen employees with the 4 businesses, and there are 5 apartments with tenants. The 515-517 where Fashion Shoppes used to be is currently being renovated back to its original 6 units with multiple tenants who will need parking for the employees. And all these businesses bring in customers, but none more than Hurricane Alley--easily one of the busiest restaurants in our city. Add on parking needs from Ace Hardware, Boardwalk Ice Cream, and the convenience store on Ocean and Federal during busy times. See the next point for my solution. Third, we need parking &purchased homes, we don't need more apartments. A study released in the last 2 or so years shows that Boynton Beach is over-saturated with apartments. We need homes that people can afford to buy, but realistically, this area would be best served with townhomes at full market value. I hope you saw my facebook post with the picture (attached) describing my ideas. A setback from my family's Ocean Avenue buildings; and compatible architecture with our buildings and Ace Hardware and the other peripheral buildings. My thoughts: build townhomes around the periphery of the project; in the middle, build a 4 story parking garage with amenities for the residents on top: pool, gym, sun deck, extensive plantings like City Palms buildings in WPB; residents and their guests would be able to park on the 4th floor, local businesses could park their employees on the 3rd &extra space on the 4th floor; and that would leave floors 1 & 2 of the parking garage to provide parking for the public. Parking problem solved to a large degree! On the 2 floors above the townhomes, add pocket balconies for trees on the parking garage as in the photo. Plan for living roofs 2 on the townhomes as well as roof access for their owners so they can garden/have private gardens. Access to the parking garage can be at the NW and SW corners--facing the railroad tracks. We need more density and these townhomes, plus other planned projects (that need to become smarter) will give the needed density. Yes, we need workforce/affordable housing, but not in the area where we can get top prices for luxury living spaces!!!! This idea helps with our needed urban tree canopy needs, makes downtown a unique architectural destination in our county, helps with the urban heat islands that have been created by the last 2 commissions/CRA boards with the concrete canyons being planned for US1/downtown, and would be visually stunning as "living art". Leave the alley behind my family's buildings so customers can still drive in to pick up take away orders from Kim (covid/pandemic accommodation); remember 2 of the buildings are front and back access for over 6o years now; and put in a green space buffer for the townhomes on this southern end. Fourth, we need to leave space for the impending train station that is due in the next 20 years. Yes, we need to increase the amount of housing and office buildings in the area, but not at the expense of the station. Plan! Remember, you'll be able to add parking, offices, and more luxury townhomes/condos someday on the Bank of America site and the "Villages" site. We really don't ever need more retail under residential, but the "Villages" can handle the needed 2-3 retail spaces (restaurants/convenience store) for the Tri-Coastal Link trains. No building up next to the railroad. Fifth, do not allow this developer to take our public park from us! This park belongs to the public, and should not be controlled by the developer. In any way. Let them adopt the park to pay for the cleaning/maintenance if they really want to help. We have too little greenspace in our city; the study from several years ago showed our lack of greenspace is adversely impacting our property values. We need more greenspace out of any incoming project. The park belongs to the residents-- not some random developer. Are you not learning anything from the Town Square debacle?! Keep the park in public hands. Park adoption is their option--not concerts or other loud projects that adversely impact those living adjacent. Sixth, the proposed project, at 8 stories, will involve lots of pounding the foundation. Months of pounding that adversely impacts the businesses for a couple block radius. It will damage my family's buildings, including our building that houses Hurricane Alley--it is 95 years old and the oldest commercial building in Boynton Beach. My father's insurance sign on the east side is recognized in our city's historic preservation manuals as an example of historic signage. I can't tell you how many people have told me that my father's sign is their place marker for our city--they know they are in Boynton when they see it! The pounding will damage the Oyer building(s) and those other surrounding buildings. We don't need 8 stories and the damage caused by the pounding. Imagine trying to run your business/live in that 5 or so block radius with loud pounding and ground shaking for 8+ hours a day for months: things fall off bookshelves; doors don't fit in their frames anymore; glassware is damaged; you get foundation damage; your building or house gets wall cracks; you can't sleep properly which impacts your health; your pets are scared; and so on. What about sinkholes or saltwater intrusion caused by the foundation pounding for such a tall 3 I project? 1L'L_JLDs:ZZpaLc1,..coni 11—orida neymortridtey/ iiikt,oes-iii-florida-catises-Dreveli'Lioli-alid- IV ----Z_ _b �-p- ------------ ------------------------- _(dJani.a_gt-1r _qgg_ Consider this notice that any and all damage to my family's buildings will be expected to be repaired by the city, CRA, and the developer back to the pre-construction condition--- I'm sure you are planning for this. I'm assuming there will be provisions for repair to all the local buildings and homes that will be impacted if such a tall structure is built. 500 Ocean, at its reduced height, caused damage to the Hurricane Alley building from its foundation pounding. 8 stories will cause more damage. Even my reduced height suggestion, with a setback, will cause damage. at plans are in place by the developer to mitigate damage to all the commercial buildings and homes in the area? The damage will possibly extend to Casa Costa and homes to the south west Plus 500 Ocean, Mariner Village, and all the buildings/homes/apartments to the south east. Seventh, and if not damage, definitely TONS of unhappy business owners taking a hit to their business from customers who don't want to endure the ground shaking and noise to visit these businesses. What about the economic impact--on top of/right after a hit by the pandemic? Who is compensating these businesses? Kim Kelly will take the biggest hit--she has back area dining--who wants construction dust in their food and beer? Mitigation???? Thank you, all of you, for taking the time to read this long email and for taking my insights into consideration as you move forward on this project. Susan Oyer 4 ry — f r �F 1 r� r kir �r t s a I�! r St; s t.. "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Tuesday, September 0l2O2O3:S6PM To: NicNien' Bonnie Subec FW:There's More! Hi Bonnie: The email below can be added to the public comment attachment for the 115 item. Michael Simon, FRA-RA, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 t� ��1-�UO-�U�1 | �� 561-737-3258 �= ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com BOYN BE COMMUM America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-,Iail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Tuesday, September 8, 20203:18PM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW:There's More! For your records below z dn-,iinistrati °e Assistant City Manager's Office e - Mailing address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 :�i�t:rl. lerE'�� &us oynton-beach.org/ CITY OF BOYNTON BEACH Please be advised that Florida has a goad public records law and all correspondence to nie via entail n-,Iay be subject to disclosure.Under, Florida records law, en-iail addresses are public records.Therefore, your,e-n-iail on-in-wni ation and your,e-mail address n-,iay be subject to public disclosure. From: Paul Kirchhoff<pkirch @ bell south.net> Sent:Tuesday, September 08, 2020 3:04 PM To: Grant, Steven <GrantSC bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Penserga,Ty<Penser aT bbfl.us>; Romelus, Christina <RomelusCC bbfl.us>; Katz,Justin <KatzJrC bbfl.us> Subject:There's More! I see the FEC has decided to deposit even MORE railroad ties in our downtown. IF AT ALL POSSIBLE, please include in the deal with the developers the certainty that this land can be reclaimed for city use, either by lease or sale. We now literally have a DUMP in the heart of our downtown, and it will never be truly developed unless something is done about it. If not possible (FEC may simply refuse to negotiate), this should not disqualify the deal, as the Van Arnem team are excellent developers and it is just the EXACT type of development we are looking for as a city, but please, PLEASE negotiate this because finally being rid of hideous junkyard would be a great asset to the city. Paul Kirchhoff 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon, Michael Sent: Tuesday, October 13, 2020 11:28 AM To: Nicklien, Bonnie Cc: Shutt,Thuy Subject: FW: parking downtown Attachments: satellite parking pic--edit--marked up--152jpg Hi Bonnie: Will you please keep this for next month's public comment log. Thank you. Michael Sin-,ion,n, ER A-R A, CP3P, EI E3 Executive Director Boynton Beach Con'imiunit I ede °elr:pn—,ient Agency 100 E. Ocean Ave. Boynton Beach, Florida 33435 561-600-9091 a 1-333-32ata Sin-,ionM@bbfl.us 10 http://www.boyntonbeachcra.com C 3 L9 WN BOYN BE "C'R COMMUM REDEVELOPMENTAMCY America's Gateway to the Gulfstream Please be advised that Florida has a goad public records law and all correspondence to mie via enIail n-,Iay be subject to disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-,,ail on-imiuni ation ars your,e-niail address n-,iay be subject to public disclosure. From: Susan Oyer<susanoyer@gmail.com> Sent: Tuesday, October 13, 2020 7:45 AM To: Grant, Steven<GrantS@bbfl.us>; Penserga, Ty <PensergaT@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz, Justin <KatzJr@bbfl.us>; Romelus, Christina<RomelusC@bbfl.us>; Simon, Michael <SimonM@bbfl.us>; LaVerriere, Lori <LaVerriereL@bbfl.us> Cc: Kim Kelly <harleycabo@gmail.com> Subject: parking downtown i Dear all: As more discussions happen regarding the 115 N. Federal Hwy area, you will hear more "promises" on parking. The most recent offers up 120 public spaces I believe? I'm attaching the parking count I made about a month or so ago. I've marked up the map so you can see what spaces are where. Depending on how people park along the tracks, you get about 152 spaces in this immediate area. Note we've lost 10 spaces when the city remarked the spaces--I believe I've complained about that in the past. You may want to consider the on street parking being compact cars only like so many cities around the world have done. Then you can get more parking in. Plus, it sets the right tone in our forward- thinking, sustainable city. Let's not reward people for making poor car choices when they buy gas- guzzling, environment destroying massive vehicles that they just don't actually need. Let's reward people for making the right choices for our city, our planet. https://www.youtube.com/watch?v=L113htfrgeQ As we come into the new paradigm taking hold on the planet, will we be on the right side? Will we be leading? Will we be making the right choices for this increasingly over-populated planet? Feel free to let me know if my math is off. Susan Oyer 2 ry — f r �F 1 r� r kir �r t s a I�! r St; s t.. "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT BUCHANAN PAPTNERS November 2, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 100 E. Ocean Avenue Boynton Beach, FL 33435 Dear Michael: Thank you again for meeting with us and Davi Camalier on The Boynton Beach project. We look forward to working with you on that. I am writing to you concerning the CRA property at 115 N. Federal Highway, the site across the street from our project. I realize we have not been involved in the process involving that property up to this point. But we have looked at the proposed plan under the current submission for the site, and we feel that what is proposed is not best for that particular neighborhood nor for Boynton Beach in general. We feel Boynton Beach would benefit from a more walkable, pedestrian friendly development—one that would be lower scale, involve a mix of uses and create a focal point and gathering space for residents and visitors alike. The CRA site is perfect for that type of destination project. That block on Federal Highway, where the CRA site is located, already has a number of the types of users we are talking about. We think it would be beneficial to maintain those users and add more in a well-designed, plaza-like setting that creates gathering space, public amenities and easily accessed retail and restaurants. We also believe the CRA site is the best Iocation for a hotel. Being walkable to restaurants and retail, close to the marina and the Inter-Coastal and not far from the beach, the best chance for a good quality hotel would be in a mixed-use development on the CRA site. And lastly, the potential rail stop should be incorporated into the design in a significant way. A rail stop will bring riders, and the station should be integrated into the project in a visible and highly accessible manner. 9841 Washingtonian Boulevard,Suite 300.Gaithersburg,Maryland 20878.P.301.417.0510.F:301.417.1594.www.buchanapa3viers.c0111 i 1 is t Taken all together, the CRA site provides the opportunity to anchor downtown Boynton with a mix of destination uses. With public space and pedestrian walkability this type of development will draw people downtown and provide amenities for the surrounding projects. There are plenty of sites in Boynton Beach for mid and high.-rise residential. However, from what we have seen, this CRA site is the only one where a truly transformative development can take place. W ouldFbtalou about this further, and look forward to working with you. are Brian S. BPrincipal Buchanan cc: Commissioner Christina Romelus, District II Commissioner Woodrow L. Way, District II Commissioner Justin Katz, District Vice Mayor Ty Penserga, District IV Mayor Steven B. Grant, At-Large Davis Camalier BSB/jhc 9841 Washingtonian Boulevard,Suite 300.Gaithersburg,Maryland 20878.P: 301.417.0510.F:301.417.1594.www.buchanapartners.coni #: "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:32AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: Downtown development For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 �- ��1-��-��1-�UO-�U�1 | �� = ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com �� | �� BOYN I BE COMMUNrfY REDEVELOPMMAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 20209:44AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: Downtown development FYI below z i. i } �a A Pan-iela Wo filer` dn-,iinistrati °e Assistant City Manager's Office e Mailing Address, P.O. Box 310 Boynton Beach, Florida 3425 Physical Address, 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 Wohler`E'@bbflius boynton-bear'hior / ME== 13 ml I I ' CM F HIMHF Please be advised that Florida has a broad public records law and all correspondence to n-ie via en--ail n-,Iay be subject to disclosure.Un er, Florida records law, en--ail addresses are public records.Therefore, your,e-n-iail on-in-wni ation ars your,e-n-iail address n-,iay be subject to public disclosure. From: Eleanor Essery<eleanoresseryr mail.com> Sent:Tuesday, November 10, 2020 4:34 PM To: Grant, Steven <GrantSC bbfl.us>; Penserga,Ty<Penser aT bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Katz, Justin <KatzJrC bbfl.us>; Romelus, Christina <RomelusCC bbfl.us> Subject: Downtown development I want my vote counted,I do not want to see yet another apartment complex going in the area. WE need hotel accommodations for when family visits. Tourists spend more money while on vacation than people who live here. THE CRA STATES THEY HAVE HAD NO INTEREST FROM ANYONE ON THE LOT BEHIND US EXCEPT FOR THE MIX USE APARTMENTS WHICH IS UNTRUE. A LETTER WAS WRITTEN BY A DEVELOPER JUST RECENTLY AND EMAILED TO ALL LEADERS AND THE CRA STATING THEY WOULD BE INTERESTED IN A HOTEL AND PUBLIC SPACES . THIS NEEDS TO BE ADDRESSED AND NOT SHOVED UNDER THE CARPET!! SPEAK OUT NOW AND LET YOUR VOICES BE HEARD!! THE CURRENT PROPOSAL WAS HIDDEN FROM NEARBY OWNERS AND THE COMMUNITY BY THE DEVELOPER THAT WANTS APARTMENTS SO IT COULD BE SLID THROUGH WITHOUT OPPOSITION AND I KNOW THIS IS TRUE BECAUSE HE TOLD ME!!! MORE SHADE THAN A CLOUDY DAY DURING A TROPICAL STORM!!! EMAIL YOUR LEADERS NOW THE VOTE IS AT 5:30.. We want more options not just the shady ones!!!!! 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:32AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: Condos For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 t ��1-�UO-�U�1 | �� ~� 561-737-3258. N�� SimonK4@bbfLua http://vvvvvv.bnyntonbeachcra.com �� 8 �� w �� m�� 1010111111 1kc COMM Y RMPAIMAENTAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 20209:42AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: Condos Good Morning Mike, Adn-,iinistrative Assistant City Manager's Office e - Mailin address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 F. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please e advised that Florida has a goad public records law and all correspondence to n-ie via en-rail n-,Iay e subject o disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-iail on-in-wni a ion ars your,e-n-iail address n-,iay e subject o public disclosure. From:james kosluk<iamesk002000@yahoo.com> Sent:Tuesday, November 10, 2020 5:27 PM To: Hay, Woodrow L. <HayW@bbfl.us> Subject: Please do not vote for condos Sent from Yahoo Mail for iPad 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:33AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: N(] MORE Mix Use Apartments inBoynton Beach For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 �- ��1-��-��1-�UO-�U�1 | �� = ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com �� | �� BOYN I BE COMMUNrfY REDEVELOPMMAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 202010:04AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: NOMORE Mix Use Apartments inBoynton Beach FYI below z Adn-,iinistrative Assistant City Manager's Office e - Mailin address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please e advised that Florida has a goad public records law and all correspondence to n-ie via en-rail n-,Iay e subject o disclosure.Under, Florida records law, en-,,ail addresses aro public records.Therefore, your,o-n-iail on-in-wni a ion ars your,e-n-iail address n-,iay e subject o public disclosure. -----Original Message----- From: Mary Chaundy<mchaundy@yahoo.com> Sent:Tuesday, November 10, 2020 4:12 PM To: Grant, Steven <GrantS@bbfl.us>; Penserga,Ty<PensergaT@bbfl.us>; HayW@bblf.us; Katz,Justin <KatzJr@bbfl.us>; Romelus, Christina <RomelusC@bbfl.us> Cc: Mary Chaundy<mchaundy@yahoo.com> Subject: NO MORE Mix Use Apartments in Boynton Beach Good Afternoon, Normally, I do not voice an opinion to my city leaders but today I am compelled to act.The City of Boynton Beach does not need any additional Mix Use Apartments in downtown Boynton Beach. A better use for this property off of Ocean Avenue, would be a hotel that would bring tourists into our city to enjoy all that it has to offer. I understand that another developer submitted a letter of interest to build a hotel at that location. Do not allow this letter to be hidden. STOP allowing the CRA to bury this letter so that the shady developer who wants to build the mix use apartments is awarded the bid. We do not need more apartments that will sit vacant in our city! I have been a resident of Boynton Beach for over 20 years and enjoy visiting the local shops and restaurants downtown. We need to attract more tourists to our beautiful city that will support the local businesses downtown to help them thrive. if this letter from this developer gets buried... it will only add additional support to the premise that all government officials are corrupt. Respectfully, Mary Chaundy 8290 Bermuda Sound Way Boynton Beach, FL 33436 Sent from my iPad 2 BOYNTON 'Mg"' {5,i<BEACH �CRA Boynton Beach Community Redevelopment Agency Policy for Processing Letters of Intent to Purchase Property The Boynton Beach CRA ("CRA") will use the process outlined in this Policy for Processing Letters of Intent to Purchase Property ("Policy") to address any Letters of Intent to Purchase Property that the CRA receives that are not the result of a formal request for such letters. The Policy is designed to ensure a fair process for property disposal, furthers the goals and objectives of the 2016 Boynton Beach Community Redevelopment Plan, and acts in the best interest of the CRA. Letter of Intent Policy: When the CRA receives a Letter of Intent to purchase a property owned by the CRA, the CRA staff will add an item to the agenda of the next regularly scheduled CRA Board meeting to discuss the Letter of Intent. However, if the Letter of Intent is received by the CRA less than 5 days before the next regularly scheduled CRA Board meeting, the CRA staff will add the Letter of Intent item to the agenda of the next available regularly scheduled CRA Board meeting. The CRA staff will include the Letter of Intent and all supporting documents as backup to the Letter of Intent agenda item. At the regularly scheduled CRA Board meeting,the CRA Board may consider one of the following options upon receipt of a Letter of Intent to purchase a CRA-owned property: Option I - The CRA Board may accept the Letter of Intent and direct the CRA staff and legal counsel to negotiate the terms and conditions of a Purchase and Development to be presented at a future meeting and direct the CRA staff to issue a thirty(30)day Public Notice to Dispose. If during the Public Notice period, the CRA receives one or more additional Letters of Intent to purchase the same property, the CRA Board will direct the CRA staff and legal counsel to develop a request for proposal document to be presented to the CRA Board for their consideration at the next available meeting. The CRA will then follow its regular procedures for issuing requests for proposals, evaluating responses, and selecting the successful proposal(s); Option II - The CRA Board may determine that it is in the best interest of the CRA to solicit additional offers to purchase the property, the CRA Board will direct the CRA staff and legal counsel to develop a request for proposal document to be presented to the CRA Board for their consideration at the next available meeting. The CRA will then follow its regular procedures for issuing requests for proposals, evaluating responses,and selecting the successful proposal(s); or, Option III -The CRA Board may determine that it is in the best interest of the CRA to reject the terms and conditions of the Letter of Intent and elect not to proceed with any further action. 00849969-1 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.G. SUBJECT: Consideration of First Amendment to the Phase I I I nterlocal Agreement for Funding Portions of the Town Square Project SUMMARY: As identified in the 2016 Boynton Beach Community Redevelopment Plan, the Town Square P3 Mixed Use Project is an important catalyst to the redevelopment of both the Cultural and Boynton Beach Boulevard Districts. Providing CRA funding to assist in the completion of such a large scale and significant project has been long supported by the Plan and the Board. On March 13, 2018, the CRA agreed to commit tax increment revenue funding annually for a time period intended to end in September 2044 for the costs associated with the completion of the publicly owned improvements included within the Town Square project. The CRA's annual funding amount under the Phase 2 1 nterlocal Agreement (ILA) will not exceed $3,700,000 and will be used for statutorily eligible expenses as identified in the Town Square Master Redevelopment Plan (see Attachment 1). At the completion of the public improvements identified in the Phase I I ILA, the City received a revised annual payment schedule from the funding and managing entity, the CFP Boynton Beach Town Square, LLC (CFP). As such, under the current Phase I I ILA, Exhibit "A" will need to be amended to more accurately represent the funding being contributed by the CRA. CRA staff and legal counsel have developed Phase I I I LA, First Amendment document for CRA Board approval and execution (see Attachment 11). Once approved by the CRA, the Phase II I LA, First Amendment will be presented to the City Commission for their approval and execution. BACKGROUND At their June 12, 2017 Special Meeting, the CRA Board approved an Interlocal Agreement (ILA) with the City of Boynton Beach to provide funding in the amount of $2,100,000 from their Fiscal Year 2016-2017 budget for Phase I design services and initial renovation phase of the High School and the balance of the funding reserved Phase I I of the Town Square project (see Attachment 111). At the CRA Board's Special Meeting held on December 5, 2017, the Board approved the First Addendum to the ILA to provide funding in the amount of $2,500,000 as part of the 2017-2018 Fiscal Year Budget to continue the renovation of the High School building as well as other eligible construction costs related to the Town Square project (see Attachment IV). FISCAL IMPACT: Annual allocations of tax increment revenue not to exceed $3,700,000 as approved by the CRA Board each Fiscal Year. CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan, Cultural District and Boynton Beach Boulevard District CRA BOARD OPTIONS: 1. Approve the First Amendment to the I nterlocal Agreement with the City of Boynton Beach to provide funding for eligible expenses under the Phase I I Town Square Project. 2. Do not approve the First Amendment to the I nterlocal Agreement with the City of Boynton Beach to provide funding for eligible expenses under the Phase I I Town Square Project. ATTACHMENTS: Description D Attachment I - Executed Phase II ILA D Attachment II - FirstAmendment to Phase II ILA D Attachment III - Executed Phase I ILA D Attachment IV - First Addendum and Change Order The City of Boynton Beach City Clerk's Office 100 E BOYNTON BEACH BLVD BOYNTON BEACH FL 33435 (561) 742-6060 FAX: (561) 742-6090 M" e-mail: cityclerkgbbfi.us www.boynton-beach.org March 15, 2018 Mike Simon, Executive Director Community Redevelopment Agency 710 N. Federal Highway Boynton Beach, FL 33435 Re: R18-041 1LA for Funding of Ce Iain Portions of the Town Square Project Mike: Attached for your information and files is a fully executed original of Interfocal Agreement and a copy of the Resolution mentioned above. If you have any questions, please do not hesitate to contact me. Very truly yours, CITY OF BOYNTON BEACH J,ddith A. Pyle, CMC City Clerk Attachments Us S:\CC\WP\AFTER COMMISSION\Other Transmittal Letters After Commission\2018\R18-041 ILA CRA funding for certain portions of town square project.docx America's Gateway to the Gulfstream 1 RESOLUTION NO. R18-041 2 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 3 FLORIDA, APPROVING AND AUTHORIZING THE MAYOR TO 4 SIGN AN INTERLOCAL AGREEMENT BETWEEN THE CITY OF 5 BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY 6 REDEVELOPMENT AGENCY FOR FUNDING CERTAIN 7 PORTIONS OF THE TOWN SQUARE PROJECT; AND 8 PROVIDING AN EFFECTIVE DATE. 9 WHEREAS; the City and the CRA desire to provide funding for a project known as 10 Town Square Redevelopment Project which falls within the CRA boundaries and more 11 specifically within the Cultural District and the Boynton beach Boulevard Districts; and 12 WHEREAS,the Town Square project furthers the CRA's Community Redevelopment 13 Plan to prevent and eliminate slum and blight within the Redevelopment Area; and 14 WHEREAS, the this Interlocal Agreement outlines the CRA annual funding 15 commitment for the Town Square Proeject beginning with fiscal year 2018/19 through 2043/44. 16 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 17 THE CITY OF BOYNTON BEACH,FLORIDA,THAT: 18 Section 1. Each Whereas clause set forth above is true and correct and incorporated 19 herein by this reference. 20 Section 2. The City Commission of the City of Boynton Beach,Florida does hereby 21 approve and authorize the Mayor to sign the Interlocal Agreement between the City of Boynton 22 Beach and the Boynton Beach Community Redevelopment Agency for CRA funding of 23 portions of the Town Square Project, a copy of said Interlocal Agreement is attached hereto as 24 Exhibit "A". 25 Section 3. That this Resolution shall become effective immediately upon passage. 26 PASSED AND ADOPTED this 13th day of March, 2018. 27 CITY OF BOYNTON BEACH, FLORIDA 28 29 YES NO 30 31 Mayor—Steven B. Grant .� 32 33 Vice Mayor—Justin Katz 34 35 Commissioner—Mack McCray ✓ 36 37 Commissioner—Christina L. Romelus 38 39 Commissioner—Joe Casello 40 41 VOTE 42 ATTEST: 43 44 45 46 evy h A. Pyle, CMC 47 Clerk 48 49 50 (City Seal) 51 4� INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT THIS AGREEMENT is made this day of , 2018 by and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation, ("City"), and the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, ("CRA") (individually and collectively, the "Party"or"Parties"). WITNESSETH: WHEREAS, the 2016 Boynton Beach Community Redevelopment Plan ("Plan") calls for the redevelopment of the Cultural District and the Boynton Beach Boulevard District as those Districts are described in the Plan; and WHEREAS, the City and the CRA desire to provide funding for a project known as the Town Square Redevelopment Project ("Project"), which falls within the CRA boundaries, and more specifically, in the Cultural District and the Boynton Beach Boulevard District; and WHEREAS, the City contracted with E2L, LLC for the Project under the "Town Square Project-Phase 1 Services Agreement;" and that is now completed; and WHEREAS, the City has decided to move forward with Town Square-Phase 2, which includes construction and financing of the Project; and WHEREAS, the Project furthers the CRA's Community Redevelopment Plan ("Plan") because the Project will help prevent and eliminate slum and blight within the Redevelopment Area, and will provide the opportunity to redevelop the area within the Project ("Project Area') in accordance with the Plan; and 00824643-1 WHEREAS, the CRA is limited by § 163.370(3), Florida Statutes from making certain expenditures; and WHEREAS,the Palm Beach Board of County Commissioners at their January 17, 2018 meeting, approved the City and CRA's request to permit CRA funds to be used for the Project; and WHEREAS, the CRA desires to reimburse the City for certain expenses related to the Project that are not prohibited by the Florida Statutes; and WHEREAS, the CRA Board finds that this Agreement, and the use of the CRA's funds to implement the Project to be consistent with the Plan and Florida Statutes; and WHEREAS, the CRA and the City find that this funding agreement serves a municipal and public purpose, furthers the Plan, and is in the best interest of the health, safety, and welfare of the residents and business owners within the Community Redevelopment Area; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties hereby agree as follows: 1. Recitals. The recitals set forth above are hereby incorporated herein. 2. Obligations of the CRA. a. The CRA shall provide funding to the City in an amount not too exceed $3,700,000 per fiscal year beginning with FY 2018/19 thru FY 2043/44, consistent with the terms of this Agreement, to be used for reimbursement of certain costs not prohibited by § 163.370(3), Florida Statutes. b. The CRA's obligation to provide funding to the City is contingent upon 00824643-1 i. The inclusion of the funding in the CRA's approved Budget for the given fiscal year, and ii. The CRA's receipt of sufficient Tax Increment Revenue each fiscal year to fund the Project up to $3,700,000 in any given fiscal year after all preexisting funding obligations of the CRA are met. 3. Obligations of the City. a. The City shall ensure funds provided by the CRA are not used for any purposes prohibited by § 163.370(3), Florida Statutes, or otherwise prohibited by law. b. The City shall ensure that the -Project is designed and constructed in compliance with the Plan. c. The City shall be responsible for overseeing the Project and contracting with EM, LLC and other entities as necessary to effectuate the Project, but shall coordinate with the CRA concerning compliance with the Plan. d. Upon request from the CRA, or an authorized agent of the CRA, including the Executive Director and the CRA Attorney, the City shall provide all documents reasonably requested by the CRA or CRA's agent concerning compliance with this Agreement, specifically including any documentation concerning compliance with § 163.370(3), Florida Statutes. 4. Annual Budget Request. a. As a prerequisite for receiving funding in any given year pursuant to this Agreement, no later than the last day of April every year through 00824643-i the life of this Agreement, the City shall provide the CRA with an Annual Budget Request. b. Consistent with the terms of this Agreement, the Annual Budget Request shall state the amount of funding the City is requesting the CRA include for the Project in its budget for the subsequent fiscal year. c. The Annual Budget Request shall also include a summary of the portions of the Project for which the funding is requested to ensure CRA funds are not used for any purposes prohibited by § 163.370(3),Florida Statutes, or any other law. d. The first Annual Budget Request shall be due on April 30, 2018, for funds to be include in the CRA's budget for the 2018/2019 fiscal year. e. Upon receipt of the timely submitted Annual Budget Request, the CRA shall include the funding amount requested in its proposed Budget to be considered for approval by the CRA Board. 5. Reimbursement of Funds a. The CRA shall disburse funding to the City annually for the reimbursement of direct expenses related to the Project consistent with the Plan and the terms of this Agreement. b. The amount of funding disbursed to the City shall not exceed the amount included for the Project in the CRA's approved Budget for the given fiscal year. c. The City shall provide a written request for reimbursement ("Reimbursement Request")to the CRA no later than September 1St of each year, which shall include the following information: 00824643-1 i. A summary of the status of the Project; ii. A statement and evidence that the Project is in compliance with the Plan. iii. Copies of all invoices, receipts, and any other documentation necessary to evidence the amount and purpose for each payment made by the City for the Project for which the City is seeking reimbursement that year. d. Upon receipt of a Request for Reimbursement from the City meeting the requirements of this Agreement, the CRA shall remit funding in the amount requested, consistent with this Agreement, to the City within thirty(30) days of receipt of the Request for Reimbursement. 6. Limits of CRA Obligations for the Project. The Parties agree that the CRA shall be responsible to the City for providing reimbursement for eligible expenses for the Project only, and shall not otherwise be responsible for effectuating the Project. 7. Indemnification. The City shall indemnify, save, and hold harmless the CRA, its agents, and its employees from any liability, claim, demand, suit, loss, cost, expense or damage which may be asserted, claimed,or recovered against or from the CRA, its agents, or its employees, by reason of any property damages or personal injury, including death, sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of, or is otherwise related to the negligent or wrongful conduct or the faulty equipment (including equipment installation and removal) of the Project. Nothing in this Agreement shall be deemed to affect the rights, privileges, and sovereign immunities of the CRA or the City as set forth in Section 768.28, Florida Statutes. This paragraph shall not be construed to require the City to indemnify the CRA 00924643-1 for its own negligence,or intentional acts of the CRA, its agents or employees. Each party assumes the risk of personal injury and property damage attributable to the acts or omissions of that party and its officers, employees and agents. 8. Term of the Agreement. This Agreement shall become valid and commence upon execution by the last Party to this Agreement, and shall terminate on September 30, 2044 ("Termination Date"). The CRA shall not be required to reimburse the City for any requests submitted after the Termination Date. The term of the Agreement may be extended one time for a period of one year and may only be extended upon approval by the CRA Board and upon the appropriation of CRA funds for intended purposes of this Agreement in the subsequent fiscal year's budget. Such extension is only effective upon the execution of a written amendment signed by both Parties. Nothing in this paragraph shall be construed so as to affect a Party's right to terminate this Agreement in accordance with other provisions in this Agreement. 9. Records. The City and the CRA each shall maintain their own records and documents associated with this Agreement in accordance with the requirements set forth in Chapter 119, Florida Statutes. All such records shall be adequate to justify all charges, expenses, and costs incurred in accordance with generally accepted accounting principles. Each Party shall have access to the other Party's books,records and documents as required in this Agreement for the purpose of inspection or audit during normal business hours during the term of this Agreement and at least 1 year after the termination of the Agreement. 10. Filing. The City shall file this Interlocal Agreement pursuant to the requirements of Section 163.01(11) of the Florida Statutes 00824643-1 11. Default. If either Party defaults by failing to perform or observe any of the material terms and conditions of this Agreement for a period of ten(10)calendar days after receipt of written notice of such default from the other Party, the Party giving notice of default may terminate this Agreement through written notice to the other Party, and may be entitled, but is not required, to seek specific performance of this Agreement on an expedited basis, as the performance of the material terms and conditions contained herein relate to the health, safety, and welfare of the residents of the City and Redevelopment Area. Failure of any Party to exercise its right in the event of any default by the other Party shall not constitute a waiver of such rights. No Party shall be deemed to have waived any rights related to the other Party's failure to perform unless such waiver is in writing and signed by both Parties. Such waiver shall be limited to the Terms specifically contained therein. This section shall be without prejudice to the rights of any Party to seek a legal remedy for any breach of the other Party as may be available to it in law or equity. 12. No Third Party Beneficiaries. Nothing in this Agreement shall be deemed to create any rights in any third parties that are not signatories to this Agreement. 13. Compliance with Laws. The City and the CRA shall comply with all statutes, laws, ordinances, rules, regulations and lawful orders of the United States of America, State of Florida and of any other public authority which may be applicable. 14. Entire Agreement. This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered, except in writing and then only if signed by all 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 00824643-1 terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the terms of this Agreement. 15. Severability. If any part of this Agreement is found invalid or unenforceable by any court, such invalidity or unenforceability shall not affect the other parts of the Agreement if the rights and obligations of the parties contained herein are not materially prejudiced and if the intentions of the parties can continue to be achieved. To that end,this Agreement is declared severable. 16. Governing Law and Venue. The validity, construction and effect of this Agreement shall be governed by the laws of the State of Florida. Any and all legal actions necessary to enforce the terms of this Agreement shall be conducted in the Fifteenth Judicial Circuit in and for Palm Beach County,Florida,or, if in federal court,in the United States District Court for the Southern District of Florida, to which the Parties expressly agree and submit. 17. No Discrimination. Parties shall not discriminate against any person on the basis of race, color, religion, ancestry, national origin, age, sex, marital status, sexual orientation or disability for any reason in its hiring or contracting practices associated with this Agreement. 18. Notice. Whenever either Party desires to give notice to the other, such notice must be in writing and sent by United States mail,return receipt requested, courier, evidenced by a delivery receipt, or by overnight express delivery service, evidenced by a delivery receipt, addressed to the Party for whom it is intended at the place last specified; and the place for giving of notice shall remain until it shall have been changed by written notice in compliance with the provisions of this paragraph. For the present, the Parties designate the following as the respective places for giving of notice. 00624643-1 CITY: Lori LaVerriere, City Manager City of Boynton Beach 100 E. Boynton Beach Boulevard Boynton Beach, FL 33435 CRA: :Michael Simon, Executive Director Boynton Beach CRA 710 N. Federal Highway Boynton Beach, Florida 33435 Copies To: James A. Cherof Goren, Cherof, Doody&Ezrol,P.A. 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale,Florida 33308 Tara Duhy, Esquire Lewis, Longman&Walker, P.A. 515 North Flagler Drive, Suite 1500 West Palm Beach, Florida 33401 19. No Transfer. The Parties shall not,in whole or in part, subcontract, assign, or otherwise transfer this Agreement or any rights, interests, or obligations hereunder to any individual, group, agency, government, non-profit or for-profit corporation, or other entity without first obtaining the written consent of the other Party. 20. Interpretation. This Agreement shall not be construed more strictly against one Party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the Parties. 00824643-1 IN WITNESS WHEREOF, the City and the CRA hereto have executed this Agreement as of the date set forth above. ATTEST: CITY OF BOYNTON BEACH, a Florida municipal corporation By: _ 5 .Iud + Pyle, City Clerk/ Steven B. Grant, Mayor Approved as to orm: (SEAL) Office of the City orney log m � Approved a 'to dorm: BOYNTON BEACH COMMUNITY REDEVELOP E7TANCY P By: O ice of the CRA Attorney Stev . Grant, Chair 00824643-1 EXHIBIT "A ,? Anticipated Town Square Funding Fiscal Yr CRA 2018/19 3,700,000 2019/20 3,700,000 2020/21 3,700,000 2021/22 3,550,000 2022/23 3,550,000 2023/24 3,550,000 2024/25 3,550,000 2025/26 3,550,000 2026/27 2,800,000 2027/28 2,800,000 2028/29 2,800,000 2029/30 2,800,000 2030/31 2,800,000 2031/32 2,800,000 2032/33 2,800,000 2033/34 2,800,000 2034/35 2,800,000 2035/36 2,800,000 2036/37 2,800,000 2037/38 2,800,000 2038/39 2,800,000 2039/40 2,800,000 2040/41 2,800,000 2041/42 2,800,000 2042/43 2,800,000 2043/44 2,800,000 2044/45 0- 79,250,000 00824643-1 FIRST AMENDMENT T THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING CERTAIN TIONS OF THE TOWN SQUARE PROJECT. This FIRST AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT ("First Amendment") is entered into by and between the City of Boynton Beach ("City") and the Boynton Beach Community Redevelopment Agency ("CRA") (collectively referred to as the "Parties") WHEREAS, the Parties entered into the INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT ("Agreement") on March 13, 2018; and WHEREAS, the Parties wish to make certain additions to the Agreement; NOW THEREFORE, in consideration of the promises contained herein and in the Agreement, the sufficiency of which both Parties hereby acknowledge, the Parties hereby agree as follows: 1) Incorporation. The recitals and other information above is hereby incorporated herein as if fully set forth. 2) Substitution. Section 2.a. of the Agreement is hereby deleted and replaced in full with the following: Obligations of the CRA. The CRA shall provide funding to the City in an amount not to exceed Three Million Seven Hundred Thousand and 00/100 dollars ($ 3,700,000) per fiscal year beginning with FY 2018/2019 thru 2043/2044, consistent with the terms of this Agreement, to be used for reimbursement of certain costs associated with the Town Square Project not prohibited by § 163.370(3), Florida Statutes, and as set forth in Exhibit"A" and attached hereto. 3) Revised Exhibit. Exhibit "A" to the Agreement is hereby deleted and replaced with the Exhibit"A" attached to this First Amendment. 4) General. Except as expressly set forth in this First Amendment, the Agreement is unmodified and remains in full force and effect, and is hereby ratified and confirmed by the CRA and the City. This First Amendment may be executed in any number of counterparts, any one and all of which shall constitute the agreement of the Parties and each of which shall be deemed an original. To the extent of any conflict between the 01418176-1 Agreement and this First Amendment, this First Amendment shall control. IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. ATTEST: CITY OF BOYNTON BEACH, a Florida municipal corporation By: Crystal Gibson, City Clerk Steven B. Grant, Mayor Approved as to Form: (SEAL) Office of the City Attorney Approved as to Form: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Office of the CRA Attorney Steven B. Grant, Chair 01418176-1 Amended Exhibit "A" dated January 12,2021 OZ , ? Date Periodic Rent Date Periodic Rent :""TiymentAmiwunt.... 12/122018 $ 873,952.94 12/122018 $ 90,248.75 $ 964,201.69 6/1/2019 $ 1,102,126.35 6/1/2019 S 113,811.07 $ 1,215,937.42 12/122019 $ 1,494,862.83 12/122019 $ 154,367.00 $ 1,649,229.83 6/l/2020 $ 1,458,311.14 6/l/2020 $ 150,592.49 $ 1,608,903.63 12/122020 $ 1,492,838.60 12/122020 $ 154,157.97 $ 1,646,996.57 126/2021 $ 1,459,429.27 6/122021 $ 150,707.96 $ 1,610,137.23 12/122021 $ 1,494,234.62 1212/2021 $ 154,302.13 $ 1,648,536.75 6/122022 $ 1,459,234.62 126/2022 $ 150,743.06 $ 1,609,977.68 12/122022 $ 1,493,699.09 12/122022 $ 154,246.83 $ 1,647,945.92 6/122023 $ 1,458,736.86 6/122023 $ 150,636.46 $ 1,609,373.32 1212/2023 $ 1,492,169.89 12/122023 $ 154,088.92 $ 1,646,258.81 126/2024 $ 1,460,002.82 126/2024 $ 150,767.19 $ 1,610,770.01 12/122024 $ 1,015,515.32 12/122024 $ 104,867.19 $ 1,120,382.51 6/122025 $ 1,936,289.29 6/122025 $ 199,950.91 $ 2,136,240.20 1212/2025 $ 992,329.54 1212/2025 $ 102,472.91 $ 1,094,802.45 6/122026 $ 1,959,191.59 126/2026 $ 202,315.91 $ 2,161,507.50 12/122026 $ 967,984.46 1212/2026 $ 99,958.91 $ 1,067,943.37 6/122027 $ 1,980,934.60 6/122027 $ 204,561.20 $ 2,185,495.80 12/122027 $ 1,722,685.55 12/122027 $ 177,893.12 $ 1,900,578.67 6/122028 $ 1,688,904.67 126/2028 $ 174,404.73 $ 1,863,309.40 1212/2028 $ 1,723,270.63 1212/2028 $ 177,953.54 $ 1,901,224.17 6/122029 $ 1,691,788.07 126/2029 $ 174,702.49 $ 1,866,490.56 1212/2029 $ 1,721,785.55 1212/2029 $ 177,800.18 $ 1,899,585.73 6/122030 $ 1,690,314.02 6/122030 $ 174,550.27 $ 1,864,864.29 1212/2030 $ 1,720,339.48 12/122030 $ 177,650.85 $ 1,897,990.33 6/122031 $ 1,691,496.52 6/122031 $ 174,672.38 $ 1,866,168.90 1212/2031 $ 1,720,792.20 1212/2031 $ 177,697.60 $ 1,898,489.80 6/122032 $ 1,690,828.97 6/122032 $ 174,603.45 $ 1,865,432.42 1212/2032 $ 1,721,468.64 12/122032 $ 177,767.45 $ 1,899,236.09 126/2033 $ 1,689,551.81 126/2033 $ 174,471.56 $ 1,864,023.37 1212/2033 $ 1,719,032.19 12/122033 $ 177,515.85 $ 1,896,548.04 6/1/2034 S 1,692,540.08 6/1/2034 S 174,780.15 $ 1,867,320.23 12/1!2034 S 1,720,695.57 12/122034 S 177,687.62 $ 1,898,383.19 6/122035 $ 1,692,878.55 6/122035 $ 174,815.10 $ 1,867,693.65 12/122035 $ 1,719,709.13 1212/2035 $ 177,585.76 $ 1,897,294.89 6/122036 $ 1,690,567.21 12622036 $ 174,576.42 $ 1,865,143.63 121222036 $ 1,719,364.90 122122036 $ 177,550.21 $ 1,896,915.11 6/1/2037 S 1,692,107.28 6/1/2037 S 174,735.45 $ 1,866,842.73 121222037 $ 1,719,414.45 121222037 $ 177,555.33 $ 1,896,969.78 ('1'2038 S 1,693,958.33 6/1/2038 S 174,926.60 $ 1,868,884.93 121222038 $ 1,719,692.18 122122038 $ 177,584.01 $ 1,897,276.19 62122039 $ 1,692,564.94 12622039 $ 174,782.71 $ 1,867,347.65 12/122039 $ 1,720,085.30 12/122039 S 177,624.60 $ 1,897,709.90 12622040 $ 1,688,604.56 12622040 $ 174,373.74 $ 1,862,978.30 122122040 $ 1,718,421.76 122122040 $ 177,452.82 $ 1,895,874.58 6112041 S 1,695,326.52 6/1/2041 S 175,067.89 $ 1,870,394.41 122122041 $ 1,716,671.64 122122041 $ 177,272.09 $ 1,893,943.73 6/1/2042 S 1,695,129.47 61/2042 S 175,047.54 $ 1,870,177.01 121222042 $ 1,717,944.85 12/122042 $ 177,403.57 $ 1,895,348.42 12622043 $ 1,694,498.13 62122043 $ 174,982.34 $ 1,869,480.47 122112043 $ 1,715,408.96 122122043 $ 177,141.70 $ 1,892,550.66 6/122044 1,687,406.25 1 162122044 174,250.00 $ 1,861,656.25 $ 83,587,092.19 1 1 1 $8,631,675.98 $ 92,218,768.17 Opfm BOND DEBT SERVICE City of Boynton Beach,Florida Utility System Refunding Revenue Bond,Series 2020B FINAL NUMBERS Current Refunding of Utility System Revenue Bond,Series 2018 Lender:TD Bank Annual Period Debt Debt Ending Principal Coupon Interest Service Service 11/01/2020 310,000 2.160% 114,030 424,030 424,030 05/01/2021 110,052 110,052 11/01/2021 630,000 2.1600/a 110,052 740,052 850,104 05/01/2022 103,248 103,248 11/01/2022 650,000 2.160% 103,248 753,248 856,496 05/01/2023 96,228 %,228 11/01/2023 660,000 2.160% 96,228 756,226 852,456 05/01/2024 89,100 89,100 11/01/2024 670,000 2.160% 89,100 759,100 848,200 05/01/2025 81,864 81,864 11/0I/2025 690,000 2.160% 81,864 771,864 853,728 05/01/2026 74,412 74,412 11/01/2026 705,000 2.160% 74,412 779,412 853,824 05/01/2027 66,798 66,798 11/01/2027 715,000 2.160% 66,798 781,798 848,596 05/01/2028 59,076 $9,076 11/01/2028 730,000 2.160% 59,076 789,076 848,152 05/01/2029 51,192 51,192 11/01/2029 750,000 2.160% 51,192 90I,192 852,384 05/01/2030 43,092 43,092 11/01/2030 765,000 2.16(r 43,092 808,092 851,184 05/01/2031 34,830 34,830 11/01/2031 780,000 2.16019/6 34,830 814,830 849,660 05/01/2032 26,406 26,406 11/01/2032 800,000 2.160% 26,406 826,406 852,812 05/01/2033 17,766 17,766 11/01/2033 815,000 2.160% 17,766 832,766 850,532 05/01/2034 8,964 8,964 11/01/2034 830,000 2.160% 8,964 838,964 847,928 1 0,;nn 0,; rw 1,840,086 12,340,086 12,340,086 .510 0L)J - 00+ 1143030 -00+ 002 424 ' 030 - 00 t 0 . * 0 ► Apr 13,2020 2:41 pm Prepared by PFM Financial Advisors LLC Page 7 INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT THIS AGREEMENT is made this V1 day of , 2017 by ,and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation, ("City"), and the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, ("CRA") (individually and collectively, the "Party" or"Parties"). WITNESSETH: WHEREAS, the 2016 Boynton Beach Community Redevelopment Plan ("Plan") calls for the redevelopment of the Cultural District and the Boynton Beach Boulevard District as those Districts are described in the Plan; and WHEREAS, the City and the CRA desire to provide funding for a project known as the Town Square Redevelopment Project ("Project"), which falls within the CRA boundaries, and more specifically, in the Cultural District and the Boynton Beach Boulevard District;and WHEREAS, the City has contracted with E2L, LLC for the Project under the "Town Square Project-Phase I Services Agreement;" and WHEREAS, the Project furthers the CRA's Community Redevelopment Plan ("Plan") because the Project will help prevent and eliminate slum and blight within the Redevelopment Area, and will provide the opportunity to redevelop the area within the Project("Project Area") in accordance with the Plan; and WHEREAS, the CRA is limited by § 163.370(3), Florida Statutes from making certain expenditures; and 9� :� Ind 09 -40 Alto 00824643-1 WHEREAS,the CRA desires to reimburse the City for certain expenses related to the Project that are not prohibited by the Florida Statutes; and WHEREAS,the CRA Board finds that this Agreement, and the use of the CRA's funds to implement a portion of the Project is consistent with the Community Redevelopment Plan and Florida Statutes; and WHEREAS, the CRA and the City find that this funding agreement serves a municipal and public purpose, furthers the Plan, and is in the best interest of the health, safety, and welfare of the residents and business owners within the Community Redevelopment Area; NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties hereby agree as follows: 1. Recitals. The recitals set forth above are hereby incorporated.herein. 2. Obligations of the CRA. The CRA shall provide funding to the City in the maximum amount of $2,100,000 to be used for reimbursement of certain costs not prohibited by § 163.370(3), Florida Statutes after receipt of a request meeting the requirements of this paragraph. Upon receipt of a complete,written request from the City, the CRA shall make payments to the City on a quarterly basis for the reimbursement of direct expenses related to the Project related activities consistent with the Plan: In order to be deemed complete,the written request from the City for payment must include copies of receipts and invoices indicating the amount and the purpose for the payment for which the City is seeking reimbursement. The CRA shall remit payment to the City within thirty(30) days of receipt of a complete request from the City. 3. Obligations of the City. 00824643-1 a. The City shall ensure funds provided by the CRA are not used for any purposes prohibited by § 163.370(3), Florida Statutes, or otherwise prohibited by law. b. The City shall ensure that the Project is designed and constructed in compliance with the Plan. c. On a quarterly basis, at the same time it submits any request for reimbursement, the City shall provide a written report to the CRA documenting the status of the Project and the compliance of the Project with the Plan. d. The City shall be responsible for overseeing the Project and contracting with EM, LLC and other entities as necessary to effectuate the Project, but shall coordinate with the CRA concerning compliance with the Plan. e. Upon request from the CRA or an authorized agent of the CRA, including the Executive Director and the CRA Attorney, the City shall provide all documents reasonably requested by the CRA or CRA's agent concerning compliance with this Agreement, specifically including any documentation concerning compliance with § 163.370(3), Florida Statutes. 4. The Parties agree that the CRA shall be responsible only for providing reimbursement for certain expenses for the Project, as more specifically identified in Exhibit A, and shall not otherwise be responsible for effectuating the Project. 5. The City shall indemnify, save, and hold harmless the CRA, its agents, and its employees from any liability, claim, demand, suit, loss, cost, expense or damage which may be asserted, claimed, or recovered against or from the CRA, its agents, or its 00824643-1 employees, by reason of any property damages or personal injury, including death, sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of, or is otherwise related to the negligent or wrongful conduct or the faulty equipment (including equipment installation and removal) of the Project. Nothing in this Agreement shall be deemed to affect the rights,privileges,and sovereign immunities of the CRA or the City as set forth in Section 768.28, Florida Statutes. This paragraph shall not be construed to require the City to indemnify the CRA for its own negligence,or intentional acts of the CRA, its agents or employees. Each party assumes the risk of personal injury and property damage attributable to the acts or omissions of that party and its officers, employees and agents. 6. Term of the Agreement. This Agreement shall become valid and commence upon execution by the last Party to this Agreement, and shall terminate on September 30, 2018 ("Termination Date"). The CRA shall not be required to reimburse the City for any requests submitted after the Termination Date. The term of the Agreement may be extended one time for a period of one year and may only be extended upon approval by the CRA Board and upon the appropriation of CRA"funds for intended purposes of this Agreement in the subsequent fiscal year's budget. Such extension is only effective upon the execution of,a written amendment signed by both Parties. Nothing in this paragraph shall be construed so as to affect a Party's right to terminate this Agreement in accordance with other provisions in this Agreement. 7, Records. The City and the CRA each shall maintain their own records and documents associated with this Agreement in accordance with the requirements set forth in Chapter 119, Florida Statutes. All such records shall be adequate to justify all charges, expenses, and costs incurred in accordance with generally accepted accounting principles. 00824643-1 Each Party shall have access to the other Party's books,records and documents as required in this Agreement for the purpose of inspection or audit during normal business hours during the term of this Agreement and at least 1 year after the termination of the Agreement. 8. Filing. The City shall file this Interlocal Agreement pursuant to the requirements of Section 163.01(11) of the Florida Statutes 9. Default. If either Party defaults by failing to perform or observe any of the material terms and conditions of this Agreement for a period of ten(10)calendar days after receipt of written notice of such default from the other Party, the Party giving notice of default may terminate this Agreement through written notice to the other Party, and may be entitled, but is not required, to seek specific performance of this Agreement on an expedited basis, as the performance of the material terms and conditions contained herein relate to the health, safety, and welfare of the residents of the City and Redevelopment Area. Failure of any Party to exercise its right in the event of any default by the other Party shall not constitute a waiver of such rights.No Party shall be deemed to have waived any rights related to the other Party's failure to perform unless such waiver is in writing and signed by both Parties. Such waiver shall be limited to the terms specifically contained therein. This section shall be without prejudice to the rights of any Party to seek a legal remedy for any breach of the other Party as may be available to it in law or equity. 10. No Third Party Beneficiaries. Nothing in this Agreement shall be deemed to create any rights in any third parties that are not signatories to this Agreement. 11. Compliance with Laws. The City and the CRA shall comply with all statutes, laws, ordinances, rules, regulations and lawful orders of the United States of America, State of Florida and of any other public authority which may be applicable. 00824643-1 12. Entire Agreement. This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered, except in writing and then only if signed by all 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. 13. Severability. If any part of this Agreement is found invalid or unenforceable by any court, such invalidity or unenforceability shall not affect the other parts of the Agreement if the rights and obligations of the parties contained herein are not materially prejudiced and if the intentions of the parties can continue to be achieved. To that end, this Agreement is declared severable.. 14. Governing Law and Venue. The validity, construction and effect of this Agreement shall be governed by the laws of the State of Florida. Any and all legal actions necessary to enforce the terms of this Agreement shall be conducted in the Fifteenth Judicial Circuit in and for Palm Beach County,Florida,or, if in federal court,in the United States District Court for the Southern District of Florida, to which the Parties expressly agree and submit. 15. No Discrimination. Parties shall not discriminate against any person on the basis of race, color, religion, ancestry, national origin, age, sex, marital status, sexual orientation or disability for any reason in its hiring or contracting practices associated with this Agreement. 00824643-1 16. Notice. Whenever either Party desires to give notice to the other, such notice must be in writing and sent by United States mail,return receipt requested, courier, evidenced by a delivery receipt, or by overnight express delivery service, evidenced by a delivery receipt, addressed to the Party for whom it is intended at the place last specified; and the place for giving of notice shall remain until it shall have been changed by written notice in compliance with the provisions of this paragraph. For the present, the Parties designate the following as the respective places for giving of notice. CITY: Lori LaVerriere, City Manager City of Boynton Beach 100 E. Boynton Beach Boulevard Boynton Beach, FL 33435 CRA: Michael Simon, Interim Executive Director Boynton Beach CRA 710 N. Federal Highway Boynton Beach, Florida 33435 Copies To: James A. Cherof Goren, Cherof,Doody&Ezrol,P.A. 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale,Florida 33308 Tara Duhy,Esquire Lewis, Longman & Walker,P.A. 515 North Flagler Drive, Suite 1500 West Palm Beach,Florida 33401 17. No Transfer. The Parties shall not, in whole or in part, subcontract, assign, or otherwise transfer this Agreement or any rights, interests, or obligations hereunder to any individual, group, agency, government, non-profit or for-profit corporation, or other entity without first obtaining the written consent of the other Party. 00824643-1 18. Interpretation. This Agreement shall not be construed more strictly against one Party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the Parties. IN WITNESS WHEREOF, the City and the CRA hereto have executed this Agreement as of the date set forth above. ATTEST: CITY OF BOYNTON BEACH, a Florida municipal corpor By #th Pyle, City Cle& Steven B. Grant,Mayor Approved as to Form: (SEAL) Office of the City Attorney Appro�ved a to �`orm: BOYNTON BEACH COMMUNITY / REDEVELOPMENT A NCY By: Of ice of the CRA Attorney Steven B. Grant, Chair 00824643-I FIRST ADDENDUM TO THE INTERLOCAL AGREEMENT /7 /P "� FIRST AU TO THE INTERLOCAL E ENT EEN THE CITY OF BOYNTONEAC THE BOYNTONEAC COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN TI S OF THE TOWN SQUARE PROJECT. This FIRST ADDENDUM TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT ("First Addendum") is entered into by and between the City of Boynton Beach (City) and the Boynton Beach Community Redevelopment Agency (CRA) (collectively referred to as the"Parties"). WHEREAS, the Parties entered into the INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE FUNDING OF CERTAIN PORTIONS OF THE TOWN SQUARE PROJECT (Agreement) on June 13, 2017; and WHEREAS, the Parties wish to make certain additions to the Agreement; NOW THEREFORE, in consideration of the promises contained herein and in the Agreement, the sufficiency of which both Parties hereby acknowledge: 1) Incorporation. The recitals and other information above is hereby incorporated herein as if fully set forth. 2) Addition. The Agreement is now amended to include the following: Additional Obligations of the CRA. The CRA shall provide additional funding to the City in the maximum amount of Two Million Five Hundred Thousand and 00/100 dollars ($ 2,500,000) consistent with the approved CRA Fiscal Year Budget 2017- 2018 and adopted by Resolution R17-02 to be used for reimbursement of certain costs not prohibited by § 163.370(3), Florida Statutes after receipt of a request meeting the requirements of this paragraph. Upon receipt of a complete, written request from the City, the CRA shall make payments to the City on a quarterly basis for the reimbursement of direct expenses for the Town Square Project related activities consistent with the Plan. In order to be deemed complete,the written request from the City for payment must include copies of supporting documents, including but not limited to, applicable contracts, receipts and invoices indicating the amount and the purpose for the payment for which the City is seeking reimbursement. The CRA shall remit payment to the City within thirty (30) days of receipt of a complete request from the City. 00906693.1 3) General. Except as expressly set forth in this First Addendum, the Agreement is unmodified and remains in full force and effect, and is hereby ratified and confirmed by the CRA and the City. This First Addendum may be executed in any number of counterparts, any one and all of which shall constitute the agreement of the Parties and each of which shall be deemed an original. To the extent of any conflict between the Agreement and this First Addendum,this First Addendum shall control. IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the day and year first above written. Approved as to Form: BOYNTON BEACH COMMUNITY REDE ' O T A C Byw ,a —_.. _......m Office of the CRA Attorney Steven Grant,CRA Chairman Approved as to Ford CITY OF BO TON BEAC Y t j � r B ' - �...... ...,«..e........,. ....,m,.... ............. Office of the CIT'' ttorney Steven B.Grant,Mayor 00906693-1 CHANGE ORDER CHANGE ORDER NO, OCO-0001 PROJECT: CHANGE ORDER NUMBER: OCO-0001 OWNER: ❑ BOYNTON BEACH HIGH SCHOOL PHASE 1 Date: 16-Nov-2017 ARCHITECT: f1i'Mean Avenue ❑ Boynton Beach,Ft.33435 CONTRACTOR: ❑ TO CONTRACTOR: FIELD: STRATICON OTHER: ri 451 SW Federal Hwy Stuart FL 34994 United States of America THE CONTRACT IS CHANGED AS FOLLOWS: (Include, where applicable,any undisputed amount attributable to previously executed Construction Change Directives) EXT001 External Change order:Phase 1 Extension $1500,000.00 Div.4 Window Opening Reinforcement $ 171,171.00 Div 5&6 Structural Framing $ 150,000.00 Div.6 Gym Roof T&G S 173,000.00 Div.6 Flat Roof Decking $ 26,697.82 Div.7 Roof $ 238,000.00 Div.8 Windows S 460,479-00 Div.9 Exterior Blasting $ 46,000.00 Div.9 Exertion Paint S 39,000.00 SUBTOTAL $1,304,347.82 OHP&GC's $ 195,652.17 TOTAL 1,500,000.00 The original Contract Sum was $1,500,000.00 The net change by previously authorized Change Orders $0.00 The Contract Sum prior to this Change Order was $1,500,00oxo The Contract Sum will be increased by this Change Order in the amount of $1,500,000.00 The New Contract Sum Including This Change Order $3,000,000.00 The Contract Time Will Not Be Changed The date of Substantial Completion as of the date of this Change Order therefore is NOTE:*This will fund the project up until February 28,2018.* This Change Order does not include changes in the Contract Sum,Contract Time or Guaranteed Maximum Price which have been authorized by Construction Change Directive until the cost and time have been agreed upon by both the Owner and Contractor,in which case a Change Order is executed to supersede the Construction Change Directive. NOT VALID UNTIL SIGNED BY THE ARCHITECT,CONTRACTOR AND OWNER E21-Holdings,LLC STRATICON City of Boynton Beach DEVELOPER (Firm name) CONTRACTOR (Firm name) OWNER (Firm name) 1400 W.Fairbanks Ave.,Suite 201 Winter Park, 451 SW Federal Hwy Stuart FL 34994 Un[ted States of 100 E Boynton Beach Blvd,Boynton Beach,FL Florida 32789 USA America 33425 USA ADDRESS ADDRESS ADDRESS Mark Hefferin Jeff Hardin Colin Groff jTyped Name) (Typed NaTe) (Typed Name) BY (Signature) BY BY (Signature) DATE DATE DATE 1791 Blount Road,Suite 11683 * f F- Pompano Beach, Florida 33069 A � Www Phone: 954.366.1785 ax-.9 4.532 0373 �xsyr;„ ;, M rmgm@apcsfla.coni I , CC12.1117 Straticon Construction Budget Pricing October 20,2017 800 SL Monterrey Blvd Stuart.FL 33496 Job'Site. Boynton Bead High School Window Structural Repair as per 114 East Ocean Blvd.. Approved Protocal Boynton Beach,FL ITEM window Size Quantities Unit Price Cont 1 3"6”" x 7'6" 10 $895.00 $8,950,00 2 2461' X 5'6" 8 $780.00 $6,240,00 3'6" x 5.16" 1 $880.00 $880.00 4 3'8" X 81'0" 25 $965.00 $24,125.00 5 I'V x 3'0" 10 $722.00 $7,220.00' 6 3"0" x 4'6" 12 $780.00 $9,360.00 7 2.4." x 614." 6 $775.00 $4,650.00 a 3'0" x 67' 4 $650.00 $2,600.00 9 310" x 4'6" 1 $780.00 $740.00 10 /1641 X Y'6i1 1 $890.00 $890.00 11 3'8" x 67' 3 $960.00 $2,880.00 12 2"4" x 244i4 8 $525.00 $4,200.00 13 3`6" x 7'6" 10 $895.00 $8,950.00 i4 3'6" X 5'6" 2 $760.00 $1,520.00 15 3'8" x 810f1 11 $965.00 $10,615.00 16 3'8" x 6'8" 12 $940.00 $11,280.00 17 3'8" x 4`6" 6 $770.00 $4,620.00 1a 1"6" x 3*0" 10 $620. 0 $6,200.00 19 31011 x 4'6" 14 $720.00 $10,080.00 20 2'6" x 5'0" 4 $690.00 $2,760.00 21 1'4" X 3"0" 10 $545.00 $5,450.00 22 3,$" x 344" 3 $545.00 $1,635.00 Page i of 2 IlUmstructicin seroces, uuc 1791 Blount Road,Suite#643 Pompano Beach,Florida 33069 Phones 954.366.1785 Fax:354.532.0373 rmgm{)apesfla.c tai 00 3 ,x lJj CCC41521117 ITEM Window Size Quantities Unit Price Cost 23 2'6" x 5'6" 5 $635.00 $3,175.00' 24 "$" X 3"8" 18 $545.00 59,810-00 25 2"6" X 2"0" 2 $520.00 �. $1,040.00 25 Areial Lift- per month rental 3 $1,900.00 $5,700.00 27 MOBILIZATION,GENERAL CONDITIONS,SITE 1 10% $15,561.00 PROTECTION, EQUIPMENT RENTAL A DISPOSAL TOTAL E371MATEtD COST $171,171.00 Thank you, j This is budget printing only, hard numbers will be presented upon approval. Paha 2 4"2 Estimate Bate Estimate## LL AR - - 9120!2417 752-311 TRIM INC R P.O.BOX 2535 Name/Address PALM CITY,Fl. 34991 STI2ATICON Lot NumbertProject i 1 Description Tata! 130YNTON BEACH HIGH SCHOOL 0.00 LABOR AND MATERIAL TO INSTALL. 42-2X6 KNE T&G AT AUDITORIUM CEILING AND 4 2 IX6 PINE 173,000.00 AT STAGE CEIIsINCr. LD'TS BY OnIFR. 0.00 Total $173,000.00 Signature GLEN er ROBISON CUSTOM CARPENTRY, INC. P.O.Box 798 . Paint City, Florida 34991 Phone: (561) 223-0458 - Fax: (561) 223-9618 t+5$tAP9M suaLwrrED To PHONE DAT AM NAME f La ARCHFTECT OATE OF"M -K)6 PHOK rapasSe hereby to furnish material and labor--complete in accordance with applications below,for the sum of.- Peywranl to be etrede as loll4ws: �. '... Air material is guaranteed to be as specified. All work to be completed in a workmanlike Alulfwri2er manner according to standard practices. Any alteration or deviation from spscificatrons below involving extra costa wilt be executed only upon written orders, and will bar oma an ttae extra charge over and above the estimate. All agreements contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance.. Note:This propoem May be Our workers ara hilly covered by Workman's Compansabon umcrarce, wNukawn by us#Wt 400apted within—.3n— da". We hereby submit specifications and estimates for: i� 6 r R4,2c 432 { 1+7 I .ltl.11 Burldera I.LC.� 4171 S.E.Robert Coop Rd. Estimate Stuart.Ft.34997 772-215-4692 _ . ....____ ._.... Date Estimate# 9129/2017 16-4433 Name/Acid ress Straticon Construction Boynton Bch.High School � i Prosect i Description Qty Rate f Tota[ Supply and install#2 2 x 6 tongue and groove pine on gym and i 19$,(100.44 j 19&,(70f1_oo i stage ceilings. , 4f X 7 I S j ! j I 1 G i ! i l i r i E i j Thank you for the elate opportunity.Hope to do business with you!Thank you,Ron! RUT B.ilders � Total $198,000,00 Any alteration or deviation from the above scope of work involving extra costs.will be executed only upon written order and Nwill become an extra charge to be agreed upon between the owner and contractor.(Chane Order I GOOF SYSTEMS, LLQ:` PROPOSAL September 27, 2017 Submitted To: Estimating Work Performed At: Historic Boynton Beach High School 114 East Boynton Ocean Blvd Boynton Beach, FL 33435 We hereby propose to furnish the materials and perform the labor necessary for the completion of the following: Install roofing system to meet or exceed the current governing building codes on this new construction Job. Scope of Work: Wood Flat Deck. • Mechanically fasten with P28 base sheet per engineered fastening pattern. • Solidly Map 3" Base Layer ISO and 1/4"Tapered ISO - R19 • Solidly Mop 1/2 inch retrofit board • Solidly mop a Dynabase to the retro fit board in hot asphalt, • Solidly mop a Dynaglas FR CR in hot asphalt over the Dynabase • Supply and install 24-gauge Counter Flashing and Scuppers • 2 ply wall flashings per Manuf. • Install lead at all drains • Supply and install Roof Hatch • Permaflash all penetrations per Johns Manville specifications. • A Twenty year(20) NDL.warranty will be furnished upon final payment. • Licenses, insurance, permits, hoisting, Engineering, ciumpsters, safety, labor and materials included. Excludes: Mechanical, electrical, plumbing work, Roof Ladders, drains Tear-Off of roofing material and deteriorated decking by others. Wood Deckin€t by others Scope of Work: Wood Fiat Deck at GYM. • Loose lay PP28 base sheet • Loose lay 3.3" Base Layer ISO-R19 • Mechanically Fasten Dynafast 180 HW per engineered fastening pattern. • Solidly Torch a Dynaweld Cap FR CR • Supply and install 24-gauge Counter Flashing Main Office: 1421 Oglethorpe Rd. * West Pala Beach, FL 33405 - Tel:. 561-223-209 x Fax; 561-444-2272 License#CCC 1328620 Solutions Driven and Customer Focused | ° 2ply wall flashings per Manuf. � • Supply and install 24ga Galv Kynar standard color drip edge, Fascia metal, Gutters& D,S. w Ponnaflashall penetrations per Johns Manville specifications. ° A | • Licenses, insurance, permits, hoisting, Engineering, dumpsters, safety, labor and materials included. Excludes: Mechanical, electrical, plumbing work, Roof Ladders, Soffits Tear-Off of roofing material and deteriorated docking by others. Wood Decking by others Scope of Work: Concrete Flat 0ooko 0 Tear-Off existing Roufimgdown toConcrete deck m Adhere 3.3~ Base Layer ISO-Ri8|nfoam U|ABonding adhesive � w Adhere 1/2, Soounmokinfoam 0|ABonding adhesive m Solidly Torch oDynuvvo|dBase Sheet w Solidly Torch a Oynewe|d Cap FR CR � w Supply and install 24-gauQeCounter Flashing i w 2 ply wall flashings per K4onut w Pennoflmahall penetrations per Johns Manville specifications. w A Twenty year(20) NDL warranty will be furnished upon final payment. ° Licenses, insurance, permits, hoisting, Engineering, dumpsters, safety, labor and materials � included. � Excludes: Mechanical, elentrimd, plumbing work Roof Ladders, Soffits | � Scope mfWork: Tile Roofs a Tear-Off existing clay tile and dispose to allow others to remove& replace decking G Loose lay 3O#undedaymentair Barrier 0 3.3~ Base Layer ISO- R1Qmechanically fastened 0 G/8~ Plywood mechanically fastened per engineered pattern w Install Bona| Tile Seal self-adhered under|aymont.over plywood � * Foam attach 2piece Clay Barrel cap/Pan tile—Terra Cotta Color � m Supply and install 24-gauge Kynar standard color drip edge, eave closure, & Counter Flashings * Hip/Ridge | . ~ � ° Limited Lifetime Manufacturer's warranty w Licenses, insurance, permits, hoisting, Engineering, dumpuhsne safety, labor � . '. � included. Excludes: Mechanical, electrical, plumbing work, Roof Ladders, Fascia, Soffits w Price is valid for 30 days. � 7F��X Price: ��8� �� ^ ~'�~^ ^ ~~ ~ "p~^^~~,^~~^°^�= Payment & IxerDormuoue Bond—Add 2% Main Office: 1421 Oglethorpe Rd, ° West Palm Beach, FL 31405 ° Te[� 561^223-2096 ° Fax: 561444-2272 License#CCC1328G2O Solutions Driven and CmatonwerFmouaed Qualifications * Therma Seal Roof Systems, LLC will maintain watertight conditions according to all manufacturer's and standard practices for roofing on a day-to day basis. • This proposal is based on one mobilization This proposal is based on complete access to the roof areas clear of obstructions. • Therma Seal Roof Systems, LLC will comply with all OSHA safety guidelines and regulations • All roofing will be performed in accordance with applicable NRCA guidelines, Miami- Dade Product Control Notice of acceptance and manufacturers specifications per approved drawings • Job duration is 120 calendar days from permit. Permit will be procured within 3 weeks of contract execution. Engineering and pull tests on the decks are all part of the permitting process. PAYMENT TERMS Payments are to be made as follows: Negotiable Once again, thank you for the opportunity to present this proposal for your review. If you should have any questions or if there is anything else that I can do for you please call ane at the number listed. Note: This proposal may be withdrawn by us if not accepted within thirty(30) days. Sincerely yours, Mike Fuggetta -Vice President Therma Seal Roof Systems LLC. 1421 Oglethorpe Rd. West Palm Beach, Florida 33405 Office: 561-223-2090 Cell: 772-201-4885 r-nfugfetta therrr,asealroofs.com www,thermasealroofs.com ACCEPTANCE OF PROPOSAL The above prices, specifications and conditions are satisfactory and are hereby accepted. The signer authorizes Therma Seal Roof Systems, LLC to do the work as specified. Payment will be made as outlined above. Main Office: 1421 Oglethorpe Rd. * West Palm Beach, FL 33405 , "del: 561.223-2096 . Fax: 561444-2272 License CCC1328620 Solutions Driven and Customer Focused Date: Signature: All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard roofing practices. Contractor retains the initial right to remedy any consequential damages at the sole discretion of the contractor and shall not be held liable for any damages occurring previous to the following performance of contracted work. Any alteration or deviation from the specifications involving extra costs will be executed only with written orders, and will become an extra charge over and above the estimate. All signed agreements are contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado, flood and other necessary insurances as require by law. Time is of the essence concerning this valuable contract. This project may be stopped if progress payments are not made on time. If it becomes necessary for the contractor to expend legal fees to collect monies owed, these legal fees will be the responsibility of the property owner. All warranties to be issued upon completion of contract and all monies paid in full. GENERAL REQUIREMENTS Coordination: Attention is directed to the fact that owner's occupancy of the building must continue at all times. Take every precaution to keep interference with that occupancy to a minimum. Adequate means for security and closing of all openings shall be provided. The building must remain free of hazards to occupants and their contents. Coordinate with management in scheduling sequence of the roof replacement so that air conditioning can be placed back in operation and limit the amount of down-time. MISCELLANEOUS PROVISIONS 1. Unforeseen Conditions: This proposal/contract is based on visual conditions. Should unforeseen conditions arise that could not be determined by visual inspection, additional work shall be performed on a time and material or firm bid basis, after customer or his agent have been notified of such. Ponding water and mold are considered unforeseen conditions and are therefore not covered by contract. After installation is complete, there shall be no ponding water after 48 hours per manufacturer's warranty criteria. 2. Sign & Lighting: Due care shall be exercised in working around signs and lighting of buildings. However, due to their delicate construction, contractor will not be responsible for damages to same. All signs and lighting to be removed and reinstalled are to be done at customer's expense and responsibility. 3. Flashing: Pricing for metal flashing, stucco-stop, eave drip, edge metal and gravel stop are all based on galvanized metal. Copper and aluminum will be at an additional cost to the customer unless specified in the Scope of Work. 4. Time limit. The proposal is made for immediate acceptance (void if not accepted within 30 days) and is subject to withdrawal with notice. Main Office: 1421 Oglethorpe Rd. ' West Palm Beach, FL 33405 - Tel: 561-223-2096 - Fax: 561-444-2272 License# CCC1328620 Solutions Driven and Customer Focused 5. Oral Promises: Contractor assumes no responsibility whatsoever for any oral promises. All terms and conditions must appear in writing on contract. 6. Ceilings: Contractor will not assume or accept any responsibility or liability for damaged stained ceilings, cracked or failing plaster, insulation or acoustical tile, during or after work is completed, nor for re-painting or re-finishing of damages. Contractor shall endeavor to minimize falling debris etc. where no acoustical ceiling is present. 7. Guarantee: We assume no responsibility for damage caused by acts of God, to wit: Hurricanes, Tornadoes, Wind Storms, Electrical Storms, etc. or any act beyond our control. We further assume no responsibility for damages caused by plant life, termites, mold, mildew or negligence on the part of the customer or his agent. Dote: If contract is cancelled by owner after seven days of signing, customer shall forfeit 50% of any deposit made toward the contract. 8. Due to the nature of work and use of hot asphalt, owner must assume responsibility for removing vehicles, closing windows, closing or removing awnings and any other objects that asphalt may fall or drip on and cause damage to. If tar falls or drips on the paint or stucco, Therma Seal Roof Systems, LLC will do its best to remove the asphalt, but the owner will be responsible for any touch-up or repainting. 9. Unless specifically included herein, Therma Seal Roof Systems, LLC shall not be held responsible for removing of wood or chain link fences, pipes, sprinkler systems, water or sewage disposal systems, septic tanks, conduits, telephone lines, TV antennas, awnings, gas tanks, meters, water heaters, concrete pavers or plants and trees in the area of construction. Customer agrees to protect or remove any personal property in the working area including shrubs, lawn, screens, awnings, trees or flowers and Therma Seal Roof Systems, LLC shall not be held responsible for damages to said items. 10. The contractor shall not be required to perform work without consent of any work relating to asbestos or polychlorinated biphenyl (PCB). It. Temporary Barriers: Temporary weather and dust barriers shall be erected wherever walls or roofs are opened for demolition or new construction to protect the interior from damage. They will not be removed until new construction is in place and the interior space is protected from weather or dust. We will construct temporary barriers and fall protection at all shafts, openings and other hazardous areas and will be marked according. 12. Cleaning & Protection: During the handling and installation of roof work at the project job site, we will take all measures to keep the adjoining completed area clean and protected. We will apply suitable protective covering on newly installed work where reasonably required to ensure freedom from damage or deterioration until time of substantial completion. 13. Examination of Substrate:. The installer must examine the substrate and conditions under which the installation of the roofmg work is to be performed. We will not proceed with said roofing work until unsatisfactory conditions have been corrected in a manner accepted by the local building department and roof material manufacturer. 14. Installation: We will comply with all local building department requirements, Miami- Dade County Notice of Acceptance (NOA) and the roofing material manufacturer's spec ificationslinstructans, except where more stringent. 15. Given the work is in a shopping center with operating businesses, we will give advanced notice in person or via telephone to the personnel that the owner designates each time a new area Main Office. 1421 Oglethorpe Edd. * West Balm Beach, FL 33405 - 'tel: 56'1-223.2096 - ax: 56,1-444-2272 License#CsCC 1328620 OILItions Driven and Customer Focused will be worked on so that the owner and tenants can protect said areas on the businesses as necessary from falling debris etc. 16. The staging areas shall be designated by the owner in writing or on a plan. We will close off the area with barricades and safety tape to prevent any persons or vehicles from entering said area for the entire time that the work is in progress. 17. All warranties shall be transferable if the property is sold to the new owners without charge. This shall happen each time it is sold. 18. We will endeavor to obtain the necessary permits and we will start the work within 3 business days of permit issuance and proceed diligently to complete it. Main Office: 1421 Oglethorpe Rd. ' West Palm each, FL 33405 - Tel: 56,1.223-2096 • Fax: 551-444-2.272 License It CCC 1328620 Solutions Driven and Customer Focused OFING October 11,2017 Mr. Brian Perrault Straticon Construction Company Re: Boynton Beach High School Renovation Oear Mr. Perrault Scope of Work:Tile Roofs 1) fear-off the and replace any rotten sheathing at a charge of$3.00 per sq.ft. 2) Install R-19 ISO and new plywood 3) Install 30#tin tagged to the plywood deck 4) Install Polyglass TU Plus self-adhered underlayment over 30# 5) Foam attach Barrel —Standard Color 6) Supply and install all roof related metals Flat flecks 1) Completely tear off and dispose of all flat deck material 2) Install R-19 insulation and s inch tapered ISO where called for on the drawings 3) Install a 2 ply modified roof system in hot asphalt 4) Supply and install 24-gauge roof related metals 5) Flash all walls and curbs per manufacturers specifications 6) Flash all penetrations per Johns Manville specifications. 7) 20 year manufacturers warranty 8) 2-year RSF warranty Price: $266,500.00 Sincerely Yours 4 ROOFING SYSTEMS of FLORIDA INC. Mr. Herb Frani:-- President 125 S State Road 7 Ste 164-367, Wellington, FL 33414 floor: (561)795-5566 SM 2940 NW Commerce Park Drive, Ray#4 Boynton Beach, FI 33426 1 phone: 561-292-3457 1 email:service@seabreezeroof.com Florida Certified Roofing Contractor CCC1328689-Florida certified general contractor CGC1521632 PROPOSAL PROPOSAL SUBMITTED TO: PHONE DATE James DeMichael 772-485-8644 8-17-17 STREET JOB NAME 125 E Ocean Alpe told Boynton Beach HS CITE',STATE.AND"LIP CODE. JOB LOCATION Boynton Beach, F1 33435 Sable CONTACT: CITY,STATE AND"LIP CODE JOB PHONE janTes.delTTIchael�;straticon.corn Sarne salve WE HEREBY SUBMIT SPECIFICATIONS AND ESTIMATES FOR: 1. General: a. Remove existing roof materials on sloped roof. Remove existing shingles,tiles and flat roof. b. Existing tiles to be removed and stored by others. Store tiles to be loaded on the roof by others. c. Stucco work and painting by others. 2. Gym Roof and Flat roof, a. Remove existing flat roof and haul away. b. Furnish and install one(1) layer of##75 base sheet.Tin-tagged to deck per Florida building code. c. Supply and install new 3"X 3" 26 Gauge, galvanized, prefinished white flashing eave metal. d. Furnish and install new wood nail-board at roof edge to snatch height of new insulation. e. Furnish and install new 3.1" Polyiso insulation set in hot asphalt. f. Furnish and install 1/8" tapered Polyiso insulation set in hot asphalt where necessary. g. Furnish and install one layer of/z" perlite cover board set in hot asphalt. h. Furnish and install two (2) layers of Ply IV fiberglass rolledroofing set in hot asphalt. i. Furnish and install one (1) layer of granulated cap sheet set in hot asphalt. 3. Tile Roof: a. Replace existing sheathing where necessary. Page 1 of 2 �„Z4 e P 29403 NW Commerce Park drive, Clay#4 Boynton Beach, FI 33426 phone:561-292-9457 email:service�]a sea breeze roof.com Florida Certified Roofing Contractor CCC1328689-Florida Certified General Contractor CGC1521632 b. Furnish and install new 3.1" Polyiso over entire roof area. c. Furnish and install new 5/8" plywood over new insulation. d. Furnish and install#30 felt, mechanically fastened to roof deck. e. Furnish and install new, 26 gauge, 3"U",galvanized prefinished white eave metal. f. Furnish and install new, 26 gauge galvanized valley metal. g. Furnish and install new plumbing vent flashing. h. Furnish and install asphalt primer on all new metal flanges. i. Furnish and install 90#underlayment, set in hot asphalt. j. Furnish and install galvanized metal hip and ridge tide supports. k. Furnish and install 2 piece barrel the to match existing as closely as possible. Furnish and install galvanized, prefinished eave closure per tile manufacturers recommendations. I. Install the with PolyFoam roof the adhesive. Quotation for the sure of: (Four Hundred.Seventeen Thousand Three Hundred Ninety Five) $417,395.00 Payment to be made as follows. 50°%upon commencement of tear off, 40% Dry in, 10%can Completion. All work to be completed in a workmanlike manner according to Contractor's Signature standard practices_.Any alteration or deviation from the above j cintho CGir�'reiro specifications involving extra cost will be executed upon written work i orders and will become an extra charge over and above the base price.All agreements contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance, Our workers are fully insured by workers Note:This proposal may be withdrawn if not accepted within 30 compensation insurance, days.. Acceptance of Proposal-The above prices,specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payment will be made Signature as outlined above. Please see reverse side for terms and conditions. By signing this proposal you agree to the terms and conditions. Signature Date of Acceptance: Page 2 of 2 The Glass Professionals, Inc. Estimate 3570 SE Dixie Hwy, Stuart, FL 34997 Date Estimate# PHONE: (772) 286-0459 9/25/2017 7138 FAX. (772) 286-0461 WWW.thegla5sprofessiorials.net Name/Address Ship To Straticon Construction Old Boynton Beach 1800 5E Monterey Commons Blvd, High School Suite 202 125 E Ocean Ave, Stuart, FL 34996 Boynton Beach, FL 33435 Terms Contact Person Phone Number As per contract = 772-210-0221 Description Total Furnish and install new C&I Estate Series windows 460,479.00 1. Exterior & Interior of all units to be white kynar finish 2. Units glazed with 5/16" clear laminated glass with clear LowE 366 3. Double applied muttons with 06 edge 4. All complete with screens. ***PLEASE NOTE. Lead Abatement, Permitting & preperction of all openings to be done by others. No doors are included in this quote.' ***Due to the intricate process of special ordered materials,The Glass professionals will make every attempt to keep a timely schedule,but cannot be liable for delays due to the intensive manufacturing process***The Glass Professionals Inc.can only estimate not promise date of completion"* Total $460,479.00 Signature ( Estimate - sign and return via mail,e-mail or fax ***fill final prices reflect a 2°fo discount t'or cash,check,money order or cashiers check. 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U vU v �C + cLt av sS as a .r 'v1- c�tl Y m U ttf a y Er) CL. ';" s. m o co N Ln r � P O C_J O Q) } } (�:Y, ESTIMATE VJV`ind.aw �orDo L'JT27 631-09 52 INVOICE TO DATE 09128/2017 Straticon Old Boynton Beach High School ACTIVITY CITY AMOUNT Installation of Single Window Tear out and replace with new Window and 184 463,900.00 installation Please see attached material list CGI Estate Series Kynar white finish,clear Low E 366 impact glass TOTAL $463,900.00 Livingston Glassworks Livingston Glassworks nor7GW4znuAve Ste A Palm City, FL3499O September 2g. 2D17 StraticmnConstrucUon Brian Perrault RE: Boynton Beach House School 451SVVFederal Hwy Stuart, FL 34994 Dear Straticon Construction: You recently requested pricing information from our company. Mere iaour quote: Remove and Replace old window and install new impact CGI Estate 14 @ 18 x 41 Single Hung 5 @ 26 x 56 Single Hung 58 @ 45 x 96 Single Hung 38 @ 37 x 76 Single Hung 14 @ 37 x 53 Single Hung 18 @ 37 x 39 Single Hung 20 @ 22 x 45 Single Hung 6 @ 30 x 76 Single Hung 10 @ 37 x 72 Single Hung 2 @ 37 x 57 Single Hung [G| window's will be white Kynar Finish with 1Oyear paint warranty and have clear 366 LoE laminated impact A|mos. Grids will be OG edge and double applied muttons. Total cost: labor and Material $49G'000.00 Please note: this is Budgetary proposal base on the information | was provided. Please call ifyou have any question pertaining tothis proposal, Sincerely, Brian A.P. Construction Services, LLQ i E r f 1791 Blount Road,Suite 603 Pompano Beach, Florida 3346.9 � �' � 1� ' r Phone: 954.366.1785 Fax: 954.532.0373 rr�xa I7csfa�.cr�rra �tri,' CGC#1521117 lit! 1, Construction Contract This agreement is made on the date written above our signatures between Contractor's Name: A.P.CONSTRUCTION SERVICES,LLC (Contractor) and Owner/Representative/Contractor Naze: Straticon (Owner). Date: October 19,2017 Re: Dustless Blasting Revised Contractor Contractor's Name: A.P. Construction Services LLC Address: 1791 Blount Road Address: Suite 603 City: Pompano Beach,Florida 330+69 Work Phone Number: 954.366.1785 Fax Number: 954.532.0373 Email Address: rmgm@gmaii.com Registration or Certificate Number: CGC#1521117 Contractor's Name: Richie Murray will be referred to as Contractor throughout this agreement. Own er/Reipresentat ve/Contractor Owner's Name: Straticon Contact: Brian Perrault Address: 800 SE Monterey Commons Blvd. City: Stuart State: Florida Zip: 34996 Phone Number: 772.485.8644 Cell Number: 954.873.0410 Email Address: bri an.nerz-auR straticon.com Owner Representative/Contractor dame: Straticon will be referred to as Owner throughout this agreement. Owner/Property Owner/Property will be represented by Representative's Name: Boynton Beach High School (Owner/Property) as described in this agreement. Representative's Name: (Owners) Contact: Brian Perrault Address: 114 East Ocean Blvd. City: Boynton Beach State: Florida Zip: 33435 Cell Phone Number: 954,873.0410 Fax Number: Email Address: briars»nerraultstraticon.com Owner/Property Name: Boynton Beach High School will be referred to as Owner/Jobsite Location throughout this agreement. Location: Initial Initial Page 2 of'7 Straticon October 19,2017, Dustless Blmaing Boynton Beach High School 114 East Ocean Blvd, Boynton Beach, Florida 33435 Scope ofWoek: Dustless Blasting • Install and set up all necessary site protection required for the Dustless Blasting of existing coatings • Low pressure rinse all residual coatings, dust, debris, ect... • Install and section off certain elevation of building approved by GC prior to the commencement of Dustless Blasting • Dustless Blast with 50 psi and 30/65 silica based aggregate for 29,360 sq ft of building exterior envelope • Remove and reset site protection as dictated by GC based on the logistics of other sub-contractors working on site • Low pressure rinse building after completion of blasting NOTE 1: Delaminated or fractal stucco after blasting is not the responsibility of AP Construction Services, LLC NOTE #2. If accepted AP Construction Services, LLC would be please to submit a quote for the replacement of bad stucco at a line item rate of$5.15 a sq ft to include appling Lando Bonding to replaced stucco NOTE #3: If AP Construction Services, L.C.LIs required to supply a boom the monthly fee will be $1,962.00 for a 40' Boom 29,360 sq ft x$1.29 =Cost $37,874.40 Site Protection, Mobilization and General Conditions: $ 0.00 Total Cost $37,874.40 Notes: e If any quantities should exceed the limits estimated on the proposed contracted items, they will be invoiced at the unit cost provided without any additional mobilization fees for the extended quantities. Payment Terms: A. Deposit of 20% is required at time of contract signing in the amount of$7,574.88 B. The balance of the contract will be billed as work is completed and approved on a weekly basis. Please be advised that the mobilization, site protection and general conditions, if applicable will not be credited back to future invoicing. Mobilization is an additional expense above the contracted unit cost items listed. Only the deposit on unit cost items will be credited back as the deposit credit. Waterproofing a Concrete Restoration e interior Build-Outs e Water Intrusion Inspections Initial Stuccoe STO e Slika# EIFS Repairs* Initial Page 3 of 7 Straticon October 19,2017 Dustless Blasting Description Measure , Unit Cost Quanti!y Total Cost Initial Remove & Replace Stucco 5/8 Sq_Ft $5.15 Stucco only replaced after C. O. approval from GC General Conditions: A. Inclusions: 1. Labor 2. Supervision 3. Materials 4. Insurance B. Exclusions: 1. Water and Electric 4. Permits and NOC 2. Landscaping and Irrigation repairs 5. Rental Equipment 3. Engineering and Inspection Fees 6. Disposal Container(Unless otherwise stated in contract) We look forward to working with you on this project. Please feel free to give us a call if you should Have any questions Insurances Upon execution of Contract, insurance certificates will issued naming"Owner" as additionally insured. Warras.11 This document serves as a I year unlimited warranty issued by A-P Construction Services, LLC. CGC#1521117 This warranty is inclusive the line items incorporated in this contract agreement. This warranty will be in effect for a period of I year after the full completion of the Scope of Work included in the contract documents. This warranty will cover the area outlined in the contract agreement. Individual warranties will be issued on a contract to contract basis. Waterprooling e Concrete Restoration e Interior Build-Outs e Water intrusion Inspections Stucco*STO o Sipa o EIFS Repairse Initial Initial Page 4o 7 Straticon October 19,2017, Dustless Blasting This warranty will be void if any other than contractor, representative,sub-contractor, or affiliate designates a member assigned by AP Construction Services, LLC is not present or notified within 5 days if the possible voiding of the warranty or failure to:notify prior to the commencement of any repairs. Owners Responsibilities A. Owner affirmsthatOwner has the right to enter into this agreement and has the right to contract for construction of the Project on the Job Site. Owner shall pay all taxes and assessments due on the Job Site during the period of construction and shall take all reasonable actions required to protect marketable title to the Job Site. B. Owner will ensure that Owner's Representative responds in writing and with reasonable promptness to written requests from Contractor for (1) Interpretation of the Plans or Specifications, or (2) Other information relevant to completion of the Work. Contractor is authorized to rely on written responses from Owner's Representative. C. Owner shall have sole responsibility to secure financing for the Project and shall pay all fees, charges, or other costs of such financing, including Inspection fees charged by any lender. The nonperformance of any lender shall not affect the obligation of Owner to Contractor. Owner hereby authorizes and directs any lender on the Project to furnish Contractor with full information on undisbursed loan proceeds,when requested by Contractor. D. Owner will not interfere with or permit others to interfere with, stop, hinder, or delay completion of the Work by Contractor or Subcontractors except as provided-under this agreement. Construction by Others A. Owner shall neither hire nor retain Separate Contractors, Subcontractors, employees or agents of Owner to perform Work on the Job Site while Work is being done under this agreement by Contractor. Changes in the Work A. Except as provided elsewhere in this agreement, no change to this contract (including modification, clarification, interpretation or correction of the Plans or Specifications) shall be made without mutual agreement and a written Change Order signed by Contractor and Owner identifying the change,the cost of the change, and the effect on Project schedule, if any. B. Any change in Plans, Specifications or Contract Documents necessary to conform to existing or future Laws, codes, ordinances or regulations shall be considered Extra Work- C. Changes in the Work required due to defects or inconsistencies in Plans, Specifications or other Contract Documents shall be considered Extra Work. D. The charge for Extra Work shall be the normal selling price Contractor charges for Similar changes on other jobs. E. No Claim for payment for Extra Work and no Claim for additional time to complete the Work shall be recognized under this agreement without a written Change Order or a notice of Claim. Failure by Contractor to assert the right to a written Change Order or a Claim within 30 calendar days after beginning Work on a change in the Work shall constitute waiver by Contractor of the right to additional compensation and waiver of the right to additional time to complete a change in the Work. F. No act or omission of either Contractor or Owner shall be interpreted as waiver of the Requirement for a written Change Order or notice of Claim, nor shall any Claim that Owner has been unjustly enriched support a Claim for a constructive Change Order. The provisions of this paragraph are the essence of this agreement. G. Failure of Contractor and Owner to agree on the terms of a Change Order shall be resolved under the provisions of this agreement which cover Claims and disputes. Waterproofing • Concrete Restoration • Interior Build-Outs •Water Intrusion Inspections Stucco*STO •Sika a EIFS Repairs* Initial Initial Page.5 of 7 Straticon October 19,20 17 Dustless Blasting H. Should Contractor and Owner fail to agree promptly on the terms of a Change Order, Contractor shall be paid, pending resolution of the dispute, the portion of the cost of the change not in dispute, including the costs of time and materials required to execute the change. Payments required under this paragraph shall be made as the Work progresses, concurrently withprogress payments. 1. Changes in work that exceed the quantity and/or contract cost will be billed to the owner work. If a payment plan is in place for the said contract amounts exceeded, the exceeded amount will be billed at completion and due to the Contractor within'7 business days. Contractor Claims A. If Contractor claims that any instruction,Drawing,act or omission of Owner or any representative of Owner, or any agency of government,increases costs to Contractor,requires extra time or changes the Scope of Work,Contractor shall have the Tight to assert a Claim for such costs or time. Attorney's Fees and Other Costs, A. Owner shall pay all of Contractor's reasonable expenses incurred to enforce or collect any of the Obligations including, without limitation, reasonable arbitration, paralegals', attorneys', and expert's fees and expenses, whether incurred without the commencement of a suit,in any trial,arbitration, or administrative proceeding, or in any appellate or bankruptcy proceeding. Interpretation of the Contract A. Section headings and paragraph numbers have been included in this contract to make reference easier and in no way limit, define,or enlarge the terms, scope, or conditions of this contract. B. Except as otherwise provided in this contract, Owner and Contractor intend that this contract be interpreted in accord with the.Restatement of Law, Contracts,published by the American Law Institute. Specifically: All parts of the Contract Documents should be interpreted together, and conduct of the Parties should be interpreted as a manifestation of intention, and specific provisions should be interpreted as qualifying the meaning of the general provisions. Choice of Law A. The contract shall be governed by the Law of the State of Florida. Choice of Venue A. The Parties agree that venue for any action related to performance of this contract shall be the appropriate court in the State of Florida. Entire Agreement A. The Contract Documents are the entire agreement and constitute a complete integration of all understandings between Contractor and Owner on the subject of the Project. The Contract Documents supersede all prior negotiations, representations and agreements,whether written or oral.No subsequent notation,renewal,addition,deletion,change or amendment to this contract shall have any force or effect unless in the form of a written Change Order or amendment to this contract. Severability A. If any provision of this contract is interpreted or rendered invalid and unenforceable,then the remainder of this contract shall remain in full force and effect. Cumulative Remedies A. All rights and remedies provided to Contractor by the Contract Documents are cumulative and in addition to Waterproofing • Concrete Restoration * Interior Build-Outs a Water Intrusion Inspections Stucco*STO • Sika e EIFS Repairs@ Initial initial Page 6 df 7 Straticon October:1'9,2017 Dusliess,134asling and not in limitation of rights and remedies available to Contractor at Law or in equity. Chapter 558 Notice of Claim CHAPTER ,558, FLORIDA STATUTES, CONTAINS IMPORTANT REQUIREMENTS YOU MUST FOLLOW BEFORE YOU MAY BRING ANY LEGAL ACTION FOR AN ALLEGED CONSTRUCTION DEFECT. SIXTY DAYS.BEFORE YOU BRING ANY LEGAL ACTION, YOU MUST DELIVER TO THE OTHER PARTY TO THIS CONTRACT A WRITTEN NOTICE, REFERRING TO CHAPTER 558, OF ANY CONSTRUCTION CONDITIONS YOU ALLEGE ARE DEFECTIVE AND PROVIDE SUCH PERSON THE OPPORTUNITY TO INSPECT THE ALLEGED CONSTRUCTION DEFECTS AND TO CONSIDER MAKING AN OFFER TO REPAIR OR PAY FOR THE ALLEGED CONSTRUCTION DEFECTS. YOU ARE NOT OBLIGATED TO ACCEPT ANY OFFER WHICH MAY BE MADE. THERE ARE STRICT DEADLINES AND PROCEDURES UNDER THIS FLORIDA LAW WHICH MUST BE MET AND FOLLOWED TO PROTECT YOUR INTERESTS. Notice Required by Florida Statutes Section 558.005 Owner and Contractor agree to waive provisions of Florida's Notice and Right to Cure Act,Chapter 558 Florida Statutes. Our agreement that Chapter 558 Florida Statutes does not apply to this contract relieves Owner and Contractor of the obligation to follow procedures and meet deadlines before Owner can either file suit or commence arbitration over a claimed construction defect. (Signature,Page to Follow) Waterproofing • Concrete Restoration • Interior Build-Outs s Water Intrusion:Inspections ,Stucco•STO e Sika a EIFS Repairs* Initial Initial Page 7,of 7 Straticon October 19,2017 Dustless Blasting Signatures The signatures that follow constitute confirmation by those signing that they have examined and understand the Contract Documents and agree to be bound by the terms of these documents. Contractor may not begin Work before receiving from Owner a written notice to proceed. Any Work performed by Contractor before receipt of the notice to proceed shall be done at the risk of Contractor and without obligation of Owner. This agreement is entered into as of the date written below. ACCEPTED BY: ACCEPTED BY: A.P. Construction Services, LLC Brian Perrault Richard T. Murray Approval Signature General Manager Print Name Print Name Date Date Subscribed to and affirmed before me on Subscribed to and affirmed before me on this day of 20this day of 20 by by personally known or produced identification personally known or produced identification Signature of Notary Public Signature of Notary Public Stamp Commissioned name of Notary Public Stamp Commissioned name of Notary Public Waterproofing a Concrete Restoration 9 Interior Build-Outs * Water Intrusion inspections Stucco• STO a Sika e EIFS Repairs* Initial initial A _ WPM jr 3459 Nigh Ridge Road. Boynton Beach,FL 33426 Office: 561-586-7121 Fax:561-586-796$ 10/03/17 (revised 10113{17) To: Straticon Construction Services 1425 South Andrews Avenue, Suite 200 Fort.Lauderdale, FL 33316 Attn: Brian Perrault Re: Boynton Beach High School 5680 Audubon Trace West Nest Palm Beach, FL 33412 SCOPE OF WORK EXTERIOR. PAINT SCHEDULE: Preparation: High pressure paint removal via turbo-tip pressure clean followed by manual removal of peeling and delaminating wall coating to create suitable profile and surface for subsequent coatings. 1. StuccolMasonry—Walls, Soffit, Stucco Ceilings, Columns: Prep: Patch exterior surfaces as needed using Elastomeric Patching Compound Prime: Sherwin Williams Loxon Pigmented Primer/Clear Sealer(as needed) Finish: Sherwin Williams Resilience Acrylic Exterior 2. Cast Stene Trim—Fascia, Bands Prime: Sherwin Williams Loxon Clear Sealer Finish: Sherwin Williams Resilience Acrylic Exterior Boynton Beach High School_Boynton Beach FL PRICING As specified: Preparation of exterior surfaces $ 44,815.00 Exterior finish $ 53,760.00 TERMS AND CONDITIONS • Price includes all labor and materials to do job as specified. • Price include work platform rental. • Price excludes doors, windows, caulking of doors and windows, all exterior metal, lighting fixtures, veranda along with any area or substrate not specified in the scope of work. • Field verification of represented scope of work required. • Pricing valid for ninety(90) days from date of proposal.Pricing is based upon the current costs of materials and straight-time labor rates relative to the above scope of work. These prices may be adjusted on a dollar for dollar basis to reflect any increases in materials or labor. • Touch up paint will be left on-site at end of project. • All products used will be Sherwin Williams products • All windows to be protected and covered prior to painting • PCI adheres to schedule-driven project management and as such cancellations and delays result in a disruption of our service. Client may be responsible for a deployment charge if: (1)project/project scope of work is cancelled,changed or postponed with less than 2 full business days' notice prior to the scheduled work services,(2)PCI is not given access to a ready-to-work job environment upon arrival to the site,or(3)PCI is called back to the project to correct a dissatisfaction known to Client at the time services were rendered. • Job schedules and project end dates are also adversely affected by cancellations, delays and client-side schedule management. Any change to client project/project scope of work that requires a work order may irrevocably suspend any PCI project completion commitments. ACCEPTANCE OF PROPOSAL The above prices, specifications and conditions are hereby accepted. Painting Concepts Inc. is hereby authorized to do the work as specified above. Straticon Construction Services Painting Concepts, Inc. 9 SolutionsCoastal Construction exteriorProposal for painting Laxon primer First coat Stier crete on parapets intermediate coat(2 full coats) Duration flat ° Final coats(2 full :oats) Attention: Brian straticon 7 WORK:SCOPE OF Price to apply one coat of loxon primer Followed by two coats of Sher-Crete 10 mils on parapet walls and caps. i nish coat will be 2 full coats of Duratio exteriorin compliancei Sherwin . ispecifications. Price materialsincludes labor . priceTotal with 3500 psi pressure cleaner $45,850 . painting00 Total price for , . price00 Total i ' LOGO MAR $695800.00 Payment terms are to be determined Ron Fallon 561 -701 -2707 Coastal Construction solutions K LOGOMM illstratoscon Brian Perrault<br!an.perrault@straticon.com> High school project I message Ron Fallon <rjfallon@rocketmail.com> Tue, Oct 3, 2017 at 10:59 AM Reply-To: "rjfallon@rocketmaii.com"<rjfallon@rocketmail.com> To: "brian.perrault@straticon.com" <brian.perrault@straticon.com> Here is the proposal for Bb Hs building price to pressure clean with a 0 degree turbo tip. That will take off the loose paint. I assume they would not want to vapor blast the building because the cost would be too great. If they want to strip the walls bare I do have a guy who can do it. Please let me know if you have any questions. Thanks so much, Ron Fallon 561-701-2707 Sent frorn Y rhoo Nda€l on Android Exterior Paint Proposal.doc 4679K AR C 0 N S T U c 0 114 East ocean Blvd Boynton Beach Exterior Painting Project School Building Attendant: Straticon Construction 114 Bast Ocean Blvd Boynton Beach 3070 Jog Rd,Greenacres,FL 33467 Ph.(561)337-2943— Fax(866)542-7737 L 7 i t ret CONSTRUCTION PROPOSAL & CONTRACT Date: 2911 of September, 2017 THIS CONSTRUCTION PROPOSAL AND CONTRACT is made and entered into on the day set forth above, by and between, COASTAL CONSTRUCTION SOLUTIONS, INC., (hereinafter referred to as "Contractor"), and OWNER: 114 East Ocean Blvd Boynton Beach, Florida OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, and other good and valuable consideration, agree as follows: 1. Work. CONTRACTOR shall complete all work as specified upon Exhibit "B," a copy of which is attached hereto and incorporated herein by reference. 2. Contract Documents, The contract documents, which comprise the entire agreement between OWNER and CONTRACTOR, are attached to this contract and made a part hereof, and consist of the following: a. This contract pages I through 3; b. Pricing Page, attached to this contract as Exhibit "A-" c. Scope of Work, Specifications and Provisions attached to this contract as Exhibit "B." d. CONTRACTOR's Additional Provisions, if any, attached as Exhibit "C" 3. Determination of Scope of Work. CONTRACTOR shall undertake to determine the contract pricing based upon, as to quantity and specification, known engineering standards within the community. Such standards shall require additional time, effort and calculations on the part of CONTRACTOR. OWNER acknowledges that CONTRACTOR is not providing engineering services and the use of the term "engineering standards" reflects a level of accuracy in the determination of quantity and quality of materials and services offered. 4. Contract Time. The work to be performed under this contract shall commence upon issuance of the permit. The CONTRACTOR will take all reasonable actions to pursue the permit as soon as possible. All work shall be completed within 40 working days from contract execution, Page 2 of 20 Initials Initials The CONTRACTOR will continuously and diligently pursue the work with adequate crews during the term of this contract. In the event the CONTRACTOR fails to complete the work within the stated time, the OWNER may elect the option to utilize its own or outside labor forces to complete the work, and charge the cost of such work against the CONTRACTOR. If such delays cause damages for which the OWNER becomes liable, the CONTRACTOR shall reimburse the OWNER for all such costs. It is expressly understood that the CONTRACTOR shall not be liable for a delay caused by acts of god or war such as weather delays and hurricanes, unforeseen difficulty in obtaining trade approved materials for completing the job, delays caused by building inspections, delays caused by additional work, and delays caused by the failure of residents to provide access or move vehicles from hazard zones.. 5. Contract Price. The amount to be paid to CONTRACTOR shall be based upon prices set forth in Exhibit "A," for work completed, subject to approval, as to quantity and specifications. The contract payments will be based upon completion of work authorized and approved by OWNER. 5. Progress Payments. Based upon applications for payments submitted by CONTRACTOR the OWNER shall make progress payments to CONTRACTOR. CONTRACTOR will provide the OWNER with an application for payment, detailing by location all completed work as of the date of each application for payment. The OWNER shall have five (5) days to review the application for payment, and either accept or reject the application. Upon acceptance of the application by OWNER, payment shall be made to CONTRACTOR within five (5) days of receipt of application for payment. The amount paid upon completion shall be the sum of ninety percent (90%) of the signed contract. The remaining ten percent (10%) of the sum shall be held in reserve by the OWNER as retainage. The OWNER shall pay the remaining 10%® retainage, upon completion of final inspection and acceptance by OWNER or OWNER'S authorized representative. The owner shall have five (5) days to complete inspection, and provide any punch list items for correction. Please note that this contract does NOT define payment terms. Payment terms to follow upon execution of contract. 7. Final Payment. Upon completion of the work under this contract and acceptance by OWNER, including satisfactory completion of all punch list items, and upon presentation of all final releases if requested by OWNER, CONTRACTOR shall be paid the balance of the contract price. Payments that are not received within five (5) days after approval by OWNER will be considered past due and subject to a late charge of one-and one-half percent (1.5%©) per month on the outstanding balance. Please know that any unpaid balances may warrant a lien being placed upon your property. Page 3 of 20 Initials Initials P. Warranties. Upon acceptance of work and for a period of 1 year, CONTRACTOR warrants all work performed and materials supplied under this contract to be free of defects in material and workmanship. Further, CONTRACTOR warrants that title to all work, materials and equipment covered by an application for payment will pass to OWNER either by incorporation in the repair or upon receipt of payment by CONTRACTOR, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances. 9. MISCELLANEOUS. a. Both Parties represent that they are fully authorized and empowered to enter into this Agreement, and that the performance of the obligations under this Agreement will not violate or infringe upon the rights of any third-party, or violate any agreement between the Parties and any other person, firm or organization or any law or governmental regulation. b. This Agreement, and any appendices, duplicates, or copies, constitutes the entire agreement between the Parties with respect to the subject matter of this Agreement, and supersedes all prior negotiations, agreements, representations, and understandings of any kind, whether written or oral, between the Parties, preceding the date of this Agreement. c. This Agreement may be amended only by written agreement duly executed by an authorized representative of each party. d. If any provision or provisions of this Agreement shall be held unenforceable for any reason, then such provision shall be modified to reflect the parties' intention. All remaining provisions of this Agreement shall remain in full force and effect for the duration of this Agreement. e. This Agreement shall not be assigned by either party without the express consent of the other party. f. A failure or delay in exercising any right, power or privilege with respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege. g, This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without reference to any principles of conflicts of laws, which might cause the application of the laws of another state. Any action instituted by either party arising out of this Agreement will only be brought, tried and resolved in the Circuit Court in the Fifteenth Circuit in Palm Beach County, Florida. h. In the event of any litigation arising out of this Agreement, the prevailing party shall be entitled to reasonable attorney's fees and costs through all levels of proceedings. Page 4 of 20 Initials Initials IN WITNESS WHEREOF, this Agreement has been executed by all parties hereto on the dates set forth below: COASTAL CONSTUCTION SOLUTIONS, INC. By: Authorized Agent Date OWNER: By: Signature Date EXHIBIT A Page 5 of 20 Initials Initials ItemUnit Qty Unit Price Total ...__..__....... .. . Exterior paint of School Building SF 26000 $ 2,60 $ 67,600.00 TOTAL 67,600,00 Page 6 of 20 Initials Initials NOTES: • If any damaged stucco needs to be repair the unit price will be $ 16.00 per SF. • I/We hereby agree and acknowledge that the above costs approximately represent all costs to complete improvements on the above referenced property. This document only shows the cost breakdown of the estimated remediation & restoration project and it is not in any way an accurate representation of the conditions on the job site. Owner to be informed unforeseen tasks and circumstances requiring attention may arise during the completion of the project. • All and any additional charges shall take effect by the specified unit price chart and will be verified by Property Manager as to the area of repair and if it is approved or not. No work will be done without the consent of these two parties. Any change orders will be approved by the owner and be agreed to by both parties in writing. EXHIBIT B Page 7 of 20 Initials Initials SCOPE OF WORK 1. Pressure clean exterior surfaces of the building. (Use a 0 degree turbo nozzle to remove peeling paint). 2. Apply one coat of Benjamin Moore Masonry Conditioner (066-01). Page 8 of 20 Initials Initials 3. Apply one coat of Ultra Spec Satin Exterior (n448) on all exterior stucco, bands, overhangs, parapet walls and previously painted surfaces. EXHIBIT C Page 9 of 20 Initials Initials 1. All work shall be completed in a workman-like manner and in compliance with all building codes and other applicable laws. 2. To the extent required by law all work shall be performed by individuals duly licensed and authorized by law to perform said work, 3. Contractor may at its discretion engage sub-contractors to perform work hereunder, provided Contractor shall fully pay said sub-contractor and in all instances remain responsible for the proper completion of this Contract. 4. Contractor shall furnish Owner appropriate releases or waivers of lien for all work performed or materials provided at the time the next periodic payment shall be due. 5. All change orders shall be in writing and signed both by Owner and Contractor, and shall be incorporated in, and become part of the contract. 6. Contractor warrants it is adequately insured for injury to its employees and Page 10 of 20 Initials Initials others incurring loss or injury as a result of the acts of Contractor or its employees or sub-contractors. 7. Contractor shall obtain all permits necessary for the work to be performed and the cost will be the responsibility of the owner. 8. Contractor agrees to remove all debris and leave the premises in broom- clean condition. 9. In the event Owner shall fail to pay any periodic or installment payment due hereunder, Contractor may cease work without breach pending payment or resolution of any dispute. 10.All disputes hereunder shall be resolved by binding arbitration in accordance with rules of the American Arbitration Association. 11,Contractor shall not be liable for any delay due to circumstances beyond its control including strikes, casualty, acts of god or general unavailability of materials. 12.Changes in the work specifications, including material upgrades, are subject to the contractor's written acceptance, and additional charges are payable in full at the time of the request. 13.The owner will submit all material and color selections by the date the contract is signed, including an alternate choice for each item. Except by prior agreement, all selections will be standard materials available from local sources. 14.All labor and material for work covered by this contract shall not apply if final payment is not received in accordance with the terms of this agreement. 15.Contractor is responsible for all equipment and materials delivered to the site. 16.Fire and extended coverage including all risk builder insurance will be maintained by the owner and will cover materials on site as well as completed construction. 17.Any claim for damages after an inspection has been done will be addressed by Contractor accordingly but under no circumstances will the existence of such a claim delay payment of monies otherwise due. 18.The owner appoints the association manager to inspect and approve work on the owner's behalf; inspections will be made in a timely manner upon the contractor's request. 19.This agreement is based on using existing access to the work area. Unless otherwise specified, no cost have been included for repair to access areas such as driveways, walks shrubs , trees , lawns or entries. The contractor will use normal care and procedures in moving and storing materials. 20.Owner is responsible for Electricity and Water needed on the job site. 21.City permits runner up fee of $350.00 22.Coastal Construction Solutions, Inc. reserves the right to amend this proposal based on reviewing the architectural plans and engineering specifications, once the applicable governing authorities approves them. 23.If owner acquires the services of a consulting firm without notifying Coastal at the time of contract signature any change of schedule or work has to be agreed upon by all parties and compensated by the owner to Coastal on an hourly basis. The payment agreement shall be negotiated accordingly and outside this contract. If consultant provides recommendations on labor, products, schedules, tasks or similar and causes the work to be delayed or Page 11 of 20 Initials Initials failure occurs then owner shall bear the financial responsibility to remedy such delay or failure. Consultant shall exercise his duties without interfering with Coastal work force on site and all recommendations, suggestions, advice, propositions or ideas shall be made in writing on a corporative level to Coastal. 1. Owner has three days following job completion to identify areas for rectification. These issues must be in line with the original contract and change orders and will be there and rectified by Coastal. Coastal will therefore consider the job completed and issue the final invoice accordingly. If the owner identify issues after the three day period, these will not be considered to be issues requiring rectification by Coastal and delay in payment will be subject to interest payment based on Florida law at 18% per annum and potential legal remedy. 24.Interest shall accrue on any unpaid balance two weeks after final walkthrough and certificate of completion of the job signed by owner at 1.5 percent per month or at the maximum legal rate permitted by law. If legal proceedings are required to collect an unpaid balance, all cost including actual attorney's fees shall be added to the unpaid balance. 25.The Contractor agrees to submit certificates of insurance covering liability property damage and worker's compensation coverage, which shall be kept in force during the entire course of the work. Contractor, during the term of this agreement shall obtain and maintain policies of insurance, in which the Association shall be named as an insured, in the form of coverage's as indicated. Policy of comprehensive public liability insurance, which shall include completed operations hazards, with limits not less than one million ($1,000,000) dollars for damages incurred by the person for any one occurrence, and not less than two million ($2,000,000) dollars for damages incurred or claimed for and one occurrence, and not for less than one million ($1,000,000) dollars for property damage per occurrence. Workers compensation insurance in limits required by statute. Owned or non-owned auto liability with limits set forth herein. Copies of the certificates of insurance for each of the policies listed above shall be furnished to the association board prior to the commencement of the work to be performed by contractor pursuant to this agreement. No policy of the insurance as required herein shall be replaced or canceled without 30 day prior written notice thereof to be sent to the association. 26.Unless stipulated otherwise, owner shall be responsible to provide upon request any up to date Survey's that may be required. 27.Unless stipulated otherwise any Architectural Plans, Drawings, Engineering Specifications, Seals or any other documentation that may be required to obtain necessary permits involving third party contractors and their fees may not be included in this contract and should be addressed separately. 28.Any existing code violation amendment is not cover by this proposal and will constitute another job. ACCORDING TO FLORIDA'S CONSTRUCTION LIEN LAW (SECTIONS 713.001- 713.37, FLORIDA STATUTES), THOSE WHO WORK ON YOUR PROPERTY OR PROVIDE MATERIALS AND SERVICES AND ARE NOT PAID IN FULL HAVE A Page 12 of 20 Initials Initials RIGHT TO ENFORCE THEIR CLAIM FOR PAYMENT AGAINST YOUR PROPERTY. THIS CLAIM IS KNOWN AS A CONSTRUCTION LIEN. IF YOUR CONTRACTOR OR A SUBCONTRACTOR FAILS TO PAY SUBCONTRACTORS, SUB-SUBCONTRACTORS, OR MATERIAL SUPPLIERS, THOSE PEOPLE WHO ARE OWED MONEY MAY LOOK TO YOUR PROPERTY FOR PAYMENT, EVEN IF YOU HAVE ALREADY PAID YOUR CONTRACTOR IN FULL. IF YOU FAIL TO PAY YOUR CONTRACTOR, YOUR CONTRACTOR MAY ALSO HAVE A LIEN ON YOUR PROPERTY. THIS MEANS IF A LIEN IS FILED YOUR PROPERTY COULD BE SOLD AGAINST YOUR WILL TO PAY FOR LABOR, MATERIALS, OR OTHER SERVICES THAT YOUR CONTRACTOR OR A SUBCONTRACTOR MAY HAVE FAILED TO PAY. TO PROTECT YOURSELF, YOU SHOULD STIPULATE IN THIS CONTRACT THAT BEFORE ANY PAYMENT IS MADE, YOUR CONTRACTOR IS REQUIRED TO PROVIDE YOU WITH A WRITTEN RELEASE OF LIEN FROM ANY PERSON OR COMPANY THAT HAS PROVIDED TO YOU A "NOTICE TO OWNER." FLORIDA'S CONSTRUCTION LIEN LAW IS COMPLEX, AND IT IS RECOMMENDED THAT YOU CONSULT AN ATTORNEY. 1. LICENSE INSURED 4440 PGA Boulevard, Suite 600 Palm Beach Gardens,FL 33410 Phone (561) 337-2943 Fax (866) 542-7737 We specialize in Homeowners Associations, Construction Detect Solutions, and Construction Management & Emergency Restoration. Page 13 of 20 Initials Initials Reference List • MONTEVERDE - (Two-Six story Buildings Total Units: 223) 1605 Renaissance Commons Blvd. Boynton Beach, FL 33426 Mrs. Marisa Lazeru (561)737 - 6825 • HARBOR LAKES — (37 buildings) 2813 South West 127th Way Miramar, FL 33027 Ms. Angelica Camacho (305)401-6724 • HILLSBORO LIGHT TOWERS — (Fifteen floors high-rise condominium, Total Units:78) 2639 N. Riverside Dr. Pompano Beach, FL 33062 Mrs. Michele Greene (954) 325 — 7885 • COASTAL TOWERS — (Sixteen story high-rise condominium, Total Units: 424) 400 Kings Point Dr. Sunny Isles Beach, FL 33160 Mr. William Vega (305) 945 — 6326 • LUDLUM CONDOMINIUM — (7 buildings) 7006-7128 NW 169th St. Hialeah, FL 33090 Evelyn Gonzalez (305) 904- 7654 • CENTURY VILLAGE — (Condos five plus story communities) 250 Century Blvd. Deerfield Beach, FL 33442 Mrs. Gloria Fuentes (888) 828 — 6464 • FAIRWAYS AT BOCA CLUB — (13 buildings) 17801 Boca Club Blvd. Boca Raton FL, 33487 Meredith Rubin (561) 398 — 1733 • APRIL BREEZE - (Four story condo, Total Units:56) 1333 E Hallandale Beach, FL 33009 Fernando Pingue (905) 323 - 5002 • LAKE DELRAY APARTMENTS — (Three story condo, Total Units:404) 700 Lindell Blvd. Delray Beach, FL 33444 Mr. Craig Kaltin (561) 278 — 6255 • WILSHIRE HOUSE — (Seven story condo, Total Units:25) 2909 S. Ocean Blvd. Highland Beach, FL 33487 Mr. Michael Mlayess (561) 265 — 3272 • MERRICK PRESERVE — (21 buildings) Merrick Lane Margate, FL 33063 Mr. Westley Taylor (954) 825 — 0438 Page 14 of 20 Inifiais Initials • DEAUVILLE VILLAGE — (33 buildings) 6575 South Oriole Blvd, Delray Beach, FL 33446 Mr. Michael Shegota (561) 276 — 0255 • ASSOCIATED PROPERTY MANAGEMENT OF THE PALM BEACHES, INC. (Several Condominiums) Bonnie Platti (561) 588 - 7210 Ext. 216 • BEACON HILL — (Two story townhomes Total units: 20) 8935 NW 23,11 St. Coral Springs, FL 33065 Mr. Mike Angelo (954) 227-9556 • BELFORT "0" — (Four story condo, Total units:12 9629 N Belfort Cir. Tamarac, FL 33321 Ms. Nury Vazquez (954) 718-9903 • BOCA MAR CONDOMINIUM ASSOCIATION — (Six story condo, Total units:38) 310 S Ocean Blvd, Boca Raton FL 33432 Ms, Joan P. Camisa (516) 448 — 5091 • BOCA VERDE — (Tree story condo, Total units:48) 400 NE 201h St. Boca Raton, FL 33432 Mr. Angelo Cozza (561) 789-8128 • BLUE CREST MANAGENET - (Several Condominiums) Mrs. Denise Esposito (954) 745 — 0899 • CONSOLIDATED COMMUNITY MANAGEMENT -(Several Condominiums) Ms. Nury Vazquez (954) 718 — 9903 • EMBASSY COURTS — (Two story townhomes, Total units.218) 11171 Chandler Dr. Hollywood, FL 33026 Mrs. Robin Morganstine, (964) 450 — 9400 • FAIRWAYS OF SUNRISE — (Two story townhomes, Total units:1 26 8029 NW 28th Pl, Sunrise, FL 33322 Mr. Ron D'Orio (954) 745-1171 • FIRST SERVICE (Several Condominiums) Ms. Bonny Morgan (561) 575 — 3551 • GEMINI CLUB — ( Twelve story high-rise condominium, Total units:198) 336 Golfview Rd, North Palm Beach, FL 33408 Ms. Nicole Montalvo (561) 222 — 3948 • GOLDEN RAIN TREE — (Two story townhomes, Total units:56) 2551-2659 Nw 42n' Avenue, Coconut creek, FL 33066 Mrs. Beth Falikowski (954) 980 — 2904 Page 15 of 20 Initials Initials • GRANDVIEW AT CRESTWOOD CONDOMINIUM - (Two story townhomes, Total units:290) 200 Crestwood Court Royal Palm Beach, FL 33411 Mr. Don Roberts (561) 964 -1550 • HALF MOON BAY— (Four story condo) 7070 Half Moon Cir. Hypoluxo, FL 33462 Mr. Dick Roney (561) 585 — 9221 License General Contractor License RICK SCOTT,GOVERNOR KEN LAWSON,SECRETARY STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION CONSTRUCTION INDUSTRY LICENSING BOARD CGC151,55,35 The GENERAL CONTRACTOR Named Wow IS CERTIFIED Under the provisions of Chapter 489 FS. Expiration date: AUG 31.2018 CHAVEZ, ERNESTO JOEL PP TAL CONSTRUCTIOUSb t"010 N wORTH —F'L COAS 67 WARC'H DR I LAKE ,33467 2 Wi ISSUED, 06/2812016 DISPLAY AS REQUIRED BY LAw SEQ# L1 280000578 0i i, A fd N F A N N O N P,p,Box 3353,West Palm Beads.Ft.33402-3353 `•LtcATED Ar* CONSTMITIONxE TAX COL ECTo11 wwww.pbctay-wm Tel:(561)355-2264 South SCDG RD 70 Servif(g'Palm f1rach t.11He y G 3070 Sout RES,FL.33467 Serving you. TYPE OF BUSINESS CVMER I - Ct••RTIFICATION 0 RECEIPT BICATE PNC ANT PNC I KI E 23.0051 GENERAL.CONTRACTOR I CHAVEZ F,RNESMI CGC151VAS e16.407563�0811606 42T.50 W157401 This document is validonly when receipted by the Tax Colleatoes Office. STATE OF FLORIDA PALM BEACH COUNTY 201£12017 LOCAL BUSINESS TAX RECEIPT 131.1090 COASTAL CONSTRUCTION SOLUTION INC LBT R Number:201363771 COASTAL CONSTRUCTION SOLUTION INC EXPIRES:SEPTEMBER 30,2017 3070 S JOG RD GREENACRES,FL 33467 This receipt grants the Privilege of engaging in or �.I I.®dI Idcl u I�II.�Id .I managing any business profession or omupet en 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. Roof License - RICK SCOTT GOVERNOR KEN L.AWSON,SECRETARY STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION � �"y° CONSTRUCTION INDUSTRY LICENSING BOARD The ROORNG'CONTRACTOR � Named below IS CERTIFIED Under the provisions of Chapter 483 FS. Expiration date: AUG 31,2018 , � 51 CHAVEZ,ERNESTO JOEL, COASTAL CON STRUCTtO SOLUTIONS INC 67 WARCHOR LAKE WORTH FL 3467 ^ (; is ISSUED. W2812016 DISPLAY AS REQUIRED BY LAW SEQ# L1606280000521 - IMMIS Initials ff ANNE M. G A N N O rid P.O.Bax 3353,West Palm Beach,FL 33402-33:53 "LOCATED AT" !1 CONSTITUTIONAL TAX COLLECTOR wafiw•pbctax.com Tela(561)355-2264 [ Ste htV roarer Beat It Countir 3070'South yrOG RQ ' Q 5ttrrin}a ycaat, GREENACRES,FL 33467 TYPE OF BUSINESS OWNER I CERTIMATIoN it RECEIPT*DATE PAID AMT PAID I SILL A 230081 R00FINOCE314TRACTOR CHAVEZERNESTOJ 1 CCC7330271 816:437570-MI4118 $27.50 1 e40171635 This document is Valid only when recefpted by the Tax Collectors office. STATE OF FLORIDA PALM BEACH COUNTY B2-1090 201612017 LOCAL BUSINESS TAX RECEIPT COASTAL CONSTRUCTION SOLUTION INC LBTR Number.201469781 COASTAL CONSTRUCTION SOLUTION INC 3070 S JOG RD EXPIRES;SEPTEMBER ,21917 GREENACRES,FL 33467 This receipt giants the privilege of engagiing in or re�r4.Ifr4 r®rr 44Iu1'.p managing any business profession or occupation within its jurisdiction and MUST be con,~piamsly dWpdayud at the puce of business and m such a manner as to be open to the view of the public. Insurance r r CERTIFICATE OF LIABILITY INSURANCE DATE O6i2D4.6 fir.✓'" p8f18,'lfliS. '. TH!S CERTIFICATE IS ISSUED AS A 4ATTER PF if1FORhlAT'k N d3NLy AMD CONFERS NO RIGHTS UP oN THE CERTWICATE HOLf)i7R-7Ni5-- CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. TH;S CERTIFICATE OF INSURANCE DOES aiOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURERS),AUTHOR)ZED REPRESENTATIVF,OR PRODUCER,AVCS THE CERTIFICATE HOLDER. iMPDRTAIST: IF the"rldiGatu holder as an A0017IONAL INSURED,Ihapptiey!"l mull nava AGDiVONAL IRSUREI]provisions or be endorsed. .. It SU13ROGATION 15 WAIVED,subject to the terms and tonr3r::tcnS of Tre policy,certain policies=nay raquite all artforsamant.A alatallaant on this cedlkate do"not corder rlgh€s to the C.erli°icale Plower iii oo: of,such enoorre,l,ant(a,l. 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If SUgPOGATIDN IS'WAIVED,subje t to the temxs Bred eondECJons of the pailcy,.taftwit.poticios may reyuim an endwsam�ant A.statement oh lh.a rarlltecaU does hct cooler llgteta to the to tY4'cate halderirt lieu of such sntiorsamarrt4s}. 1*xflt:ta€k.s MMG INSUR,'ACE AGEWY INCMARIA P LACP CK i i;;3 rPCIrAL PALM OF--AC i FIV �.e r ttVt�, 66 9 EAG M44 ._�,._.....�.__. _.�. MCi4NSURANCEPdCINSCOM AAIYCD&I - .W VR�,fAL,t fFGfFTiikG r'9VQ AL NFSTI PALM b .tCli FL ''I ttigtm¢rxa **, A �...�. .__._ attsc;nrL +fa.,4,.�i......AdS,e-..�CCIEYI�+A..U7iL:.I�,t.ICs wsv€c�ua. �v I 30170 AlIG PD fMSt3KFR C PEIN 41513 ul —_.—.tet_—"�'_.-.'.t i COVERAGES CERTIFICATE NUMBER:IE0:..160,38 REVISION NUMBER: �.. y —HIS IS TO t;E4rW?TIiA:'rrGE GFNSVRANrlG LISTED Oft.0 r z AV'SEEN ISSUrD TO IF+£INSURED NAMED ABOVE FOR T}-,E POLICY KUR nE, :L DtGA'n- r.'CITVa"TyiSlANUkNG ANY Ari:. UIREMFNT ',EIV-1 OR;,01NDiT.,_w sEANV t;QNIPAGT DR uI`HFQ DOCUMENT Aunty Qlz7pFcr to'AH.CK VHA k CE_IZi t `AfE MAY CIV SSIIEU ilk,MAY PERT iN TI,E A "URA6NcF ArrnRb"D^., THE POLi R 5 CFSCRIBCD 'FRF N I e 541QJFt;Y TO AL"_TS'EE"'rF'RR#S. c%CE.LLS aN v4 j cc5Ruj,-DNS O SUCH PGUl FS LI&OTS 8HOWN MAY H E as L.i FJEE iiCuC}�BY PAID(;LAU S, "flF$ T`rpc-3 w9AAMCE �..V y.�.,z^.��-.I,p„., �..��ar"fEY NUkiti: .._..�..�.. S,kHdiGniM1 rY'r� IX n'fy1-----, ... Lmfs LCt_NL.R.IL fIAaiiil"f C ,ck `c:.t+r.>;•.aIUAL{,E4CRAL LASIAJT< I F¢EFFt~.NAL A l..,.,_ j f"Zl .+Gt`Wcxi LMTA TIISti: - J'U#:3i (. 64ItP A613 S _ t TAV 11LMfEtf"c`E.IA#aim�_.,_.__� h,• :rU�rw ��kV 4 1 (9CXMf Y irL''5.32F 7c�Sx`.1kt il.p�l xu.c5 I%wUFD Mario's Painting Restoration Waterproofing CGC1515094 ttik t �1 � z it t 4 l i 4 z is HISTORIC BOYNTON BEACH HIGH SCHOOL 114 E OCEAN AVE. OYNTON BEACH FL 33435 PREPARED FOR. BRIAN PE LILT STRATI CON PRESENTED BY: Mario's Painting OCTOBER 11, 2017 WrT A* Mario's Painting l Restoration & Waterproofing 4533 Relmar Driye CGO 1515094 1 s Palm each, FL 33415 561-968-6834 561-968-6436 October 11 , 2017 Mr. Brian Perrault Project Executive Sfraficon 1550 Southern Blvd., Suite 250 West Palm Beach, FL 33406 brian.perrault@straticon.com 561-204-3417 RE: BOrNrON BEACH HIGH SCHOOL Dear Brian, Thank you for the opportunity to bid the project located at 114 E OCEAN AVE. BCT TO BEACH, FL 13435",w- We have t>een in, lQvsifiess sirice. 1.995 and Mario's Painting delivers the highest quality residential and commercial finishes using superior products backed by our professional and courteous service. Mario's Painting of South Florida, Inc. hereby submits the estimates to paint and/or improve the exterior of the property mentioned above on ONE (I ) TWO-STORY BUILDING -RENO VA rIONaccording to SHERWIN WILLIAMS specification We at Marios Painting will furnish the necessary labor, material, equipment and insurance to perform the work as outlined in our Scope of Work. Please let us know if there is any other information needed to assist you with your decision. Again, thank you and we look forward to working with you in the near future. Sincerely, RW42X /We,1?M6& Regional Account Manager F�rjan@gqrnariqs.. om WEST PALM 13EACH I VERO arACH f PLANTATION I FORT MYERS I SARASOTA OFFICES 4533 KELMAA ORIVE,WESTPALIA BEACH,Ft.30415 m�.qqL M.gricsxqm.. 11 i Mario's Restoration & Waterproofing4533 K lmar Drive West Palm Basra, FL 3:3415 CGCIr;15094 561-968-6831 1 561-968-6436 1. THIS AGREEMENT.- Hereinafter called "Agreement" or "Contract" is made and entered into on OCTOBER 11,2017, by and between STRATICON,LLC (hereinafter"Owner") whose address is 450 SOUTHERN BLVD, SUITE 250 WEST PALM BEACH, FL 33406, (hereinafter "Mario's Painting" or "Contractor") State License Number CGC1515094,whose address is 4533 Kelmar Drive, West Pala Beach, A 33415. 2. PAYMENT For all services performed by contractor, Owner will pay Contractor the specific price of 109,065.00 A Deposit in the amount of 10% is clue and payable prior to mobilization. For the balance of the contract price Contractor++mill submit to Owner periodic appfcations for payment of progress draws showing the percentage of completion of the various portions of the work according to a payment schedule supp4ed by Contractor and agreed by the Owner. Wither, ten (10) days cit delivery of any such draw request, Owner will-pay Contractor one hundred percent (100%) of the value of the work completed and materials suitably stored at the site during the period covered in the draw of the request. Payments not tim iy made shall accrue interest at the rate of 18% per annum unfli f0iiy paid. A. CONTRACT PRICE AND PAYMENTS AS FOLLOWS: FINANCIAL PAYMENTS ASFOLLOWS- $109,065:00 DOWN PAYMENT: 10%UPON SIGNING CONTRACT $10,906.50 SECOND PAYMENT: UPON 50%COMPLETION OF PROJECT $49,079.25 FINAL PAYMENT: UPON 100%COMPLETION Of PROJECT $49,079.25 3. SCOPE OF WORK: Mario's Painting shall be responsible to furnish all labor, materials and equipment necessary to complete the painting of ONE 0)TWO-STORY BUILDING-REOVATI N. EXTERIOR • Chemical clean areas to be painted • Pressure wash exterior surfaces utilizing turbo tip to remove surface contaminants • Scrape peeling paint surfaces • Seal exterior surfaces to be painted Caulk windows and doorframes • Paint exferior walls including; painting of previously painted medallions, monuments, archways and vestibules Breakdown: Power washing/Stripping (Prep)- $ 44,940.00 Painting-$ 57,420.00 TOTAL COST - $ 102,360.00 -INTERIOR • Pressure wash, clean & paint interior walls, ceiling & floors TOTAL COST - $ 6,705.00 EXCLUDED: • Any other areas not mentioned above. WEST PALM 9CACH 1 VEERO BEACH f PLANTATION I FORT MYE RS I SARASOTA OFFICES '. 4533 KCS mAR DR111e,WEST F AUM BEACH,FL 33415 wzyGgMar eas.com 3Lt S MIT 0 Marlo's, Painting Wig Restoration & Waterproofing 4533 Kelmar Drive W C1515094 est Palm Beach, FL 33415 CG 561-968-6834 1561-968-6436 4.STARTOATE f-0fl0MEJ.JM WORK Projected start DATE 2017 weather permitting (written by signee). Estimated cof.npletioo for this project, wi# take approxim-o4ely I&L5 weeks weather perm�ffirig, Contractor will commence work and shall use its best-efforts to complete the work in a-timely manner subject to permissible delays. However, no damages for delays in the completion of the work shall exist in favor of Owner. STRATICON., LLC BY: DATE: TITLE: MARIOPS PAINTING OF SOUTH FLORIDA, INC. BY: DATE: TITLE: WEST PALM BEACH I VERO BEACH I PLANTATICA1 I FORT MYERS I SARASOTA OFFICES 4533 KELMAR DwE,WisT PALM BEACH,FL33415 wvvw.Gofv1arir,9=rn 4 IF.4 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.H. SUBJECT: Consideration of an Interlocal Agreement with the City of Boynton Beach for the Historic Woman's Club of Boynton Beach located at 1010 S. Federal Highway SUMMARY: The CRA purchased the Historic Womans Club of Boynton Beach (HWCBB) located at 1010 S. Federal Highway (see Attachment 1) in September 2017 and have been maintaining and operating the facility. For the past three years, substantial repairs and nonstructural improvements (e.g. roof repair, interior and exterior painting, floor refinishing, electrical and a/c repairs, landscaping, etc.) were undertaken by the CRA to prevent further deterioration and enhance the marketability of the facility as an events venue. The CRA continued to operate and was able to rent the facility in between the various renovations until the onset of COVI D-19 pandemic. At the May 12, 2020 CRA Board meeting, the Board reviewed the City's Letter of Intent for the operation and management of the HWCBB. The Board decided that in order to activate the various recreational, civic and cultural uses on the property as well as the potential engagement of various non-profit uses, the ownership of the property should be transferred to the City for consistency with the CRA's statutory mandates. The Board directed staff to bring back an Interlocal Agreement (ILA)for the Board's consideration for the ownership transfer of the HWCBB to the City and the funding of brick- and-mortar improvements to the site and pedestrian connections to the Senior Center, located at 1021 S. Federal Highway (see Attachments II and III). As structured, the attached ILA (see Attachment IV) allows the City to request reimbursement funding for eligible costs for the physical maintenance and future renovations in an amount not to exceed $250,000 annually for three years, contingent on inclusion of the funding in the CRA's approved Budget for the given fiscal year in which the funds will be disbursed. The ILA also details the responsibilities of each party and timeline and documentation for funding requests and disbursements (Paragraphs 2-4 of the ILA, Pages 2-5) as well as the land transfer of the property (Paragraph 7 of the ILA, Page 5). The attached I LA has been prepared by CRA staff and legal counsel and has been forwarded to the City for review. Once the ILA is approved by the CRA Board, it may be scheduled for City Commission approval at their January 19, 2021 meeting or next available meeting agenda. FISCAL IMPACT: FY 2020-2021 Budget, Line Item #01-51620-213 (Buildings & Grounds), $185,000 and Line Item #02-58200-404 (Capital Outlay), $238,525 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan: Historic Properties and Federal Highway District, 2010 Downtown Vision and Master Plan CRA BOARD OPTIONS: 1. Approve the Interlocal Agreement with the City of Boynton Beach for the transfer of the property located at 1010 S. Federal Highway, Boynton Beach, FL to the City of Boynton Beach and the funding of certain improvements, operations, and maintenance, and authorize the Board Chair to execute on behalf of the CRA Board subject to final legal review. 2. Do not approve the I nterlocal Agreement with the City of Boynton Beach for the transfer of the property located at 1010 S. Federal Highway, Boynton Beach, FL to the City of Boynton Beach and the funding of certain improvements, operations, and maintenance. 3. Provide alternative direction to staff upon further discussion. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II - Item 14.0 of May 12, 2020 CRA Board Agenda D Attachment I I I - Excerpts from M ay 12, 2020 C RA Board M eeting M inutes D Attachment IV - Draft HWCBB Maintenance and Transfer ILA + - ,�,� r t + t `? w , — - _ .�.`�.`: r `�` }1=• Y �a}t11}ll�ne l�t�" }r�)�}}l � — �t�,r„i�\`Ss`��tft s�� .��} ��t�?�?;l��t�� )� �,,17 �a, �.:_� sm s ii ;` �, '. ��{ --.-_ ,,.. ,.; 1, �.1`\. •}�� !} r 34t,7{}S�t}'lx��l lt{ c,. „s,.lt� t{ ;_�� r�iJt �ft_�SS t'k?) -gid �C'ti1`�m ��}h,,.' - S�r - �x 's _ w 4 \ ,S � s + .f - � r 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: May 12, 2020 OLD BUSINESS AGENDAITEM: 14.C. SUBJECT: Consideration and Discussion of Terms for a RFP/RFQ and Letters of Interest for the Operation and Management of the Historic Woman's Club of Boynton Beach SUMMARY: At the request of the CRA Board Chair, this item is being brought before the Board to discuss the future management of the CRA owned Historic Woman's Club of Boynton Beach (HWCBB) located at 1010 S. Federal Highway. Currently, CRA staff is responsible for the operations, management, maintenance, renovations, marketing and rentals for the facility. City staff has reviewed the opportunity to add the Historic Woman's Club of Boynton Beach to the City's inventory of sites for arts and recreation programming. The facility has great potential for cultural and art programming along with space for historical museum opportunities. The City has provide the CRA Board with a proposal presentation to discuss their interest in utilizing the facility(see Attachment 1). If the CRA Board desires to explore other options for the operation and management of the facility, staff would like to discuss any important criteria to be included in a future Request for Proposal (RFP). The items below are just some of the issues that the Board will need to consider in order to prepare the RFP document: • Duties and responsibilities • Experience and Qualifications • Fees and costs • Income from events • Expenses of the building • Duration of an agreement CRA staff will provide guidance to the Board during their discussion. FISCAL IMPACT: FY 2019-2020 Budget allocation includes: Marketing & Business Development Line Item Account 01-57400-216 - $10,000; Buildings & Grounds Line Item 01-51620-213 - $185,000. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan: Historic Properties and Federal Highway District, 2010 Downtown Vision and Master Plan CRA BOARD OPTIONS: To be determined by Board discussion and action. ATTACHMENTS: Description D Attachment I -City of Boynton Beach Presentation Mf,"IMA I�U�SJ 1 d� ftA Jt(rf��t+i�t\�4 t 1, tou {{Ns � }riti Si �r stti��Jtt hs 1 3 s \f = f ass► � :�;�� Lul i f t,1➢titli� iy�?i t n ,� � n�t tt�4 3•r i- r: f 1 � s z tst — I 1 vgfm ffin LIM, s y tt vv 1 1��i1i'tt ` rs i, {t til �r 1 E cu 42 t -a 4-J 130 0-< 0 ai cr ZL" ro ®cu m E 40— pot 4-J o � pu >-Z< m u�W CU co CU 0 m CO m r V) tit c 4 . 0M >p ceLn Lu CL 4-J 0 Z f� o� pu uW m cu u . . a . ro un EE -E x 4-j 0 0 > ..,w Mo ZL.Li ro � pu o Q uW m Ln 'VI LU Gomm 4-J tLO ro CL m� bz EL- -C V) 4-j m < 0 ba ® .. CL ro 4- 76 � pu 0 -E C: E o Q u W 0 > 0 )) m CL a ® I E ai ..,w 4-j Z6 ® CL ro o Q 4a 4- ® u�W m LM 0 CL 4-j Ln 4-j Ln 4-j 4-4 4-4 76 u Ln u E fu C: cn m C: :L' +-, 0 C: < ..,w. 0 f i Ln 0 ro . 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'St yi• dsq��15,�1(� �>l��r�q S£fk ��4 i + ii�yf � i � — �tit� � `' �� ht t{��s?il "� xt;,� upp.Ij°pvoa uoludua uold tuawdalanapaU al!S a m s ` PUOIU s illi 3 , e IZ s)� ,. •�. a z r: {1fyLsA 2 l e V ce 5 - �, 4 PZ Lu r' 1"i", 9v. x i T rtY �#2 p ^,ter 1 ,. �. r �< Z I;, „ �i LLI it 10 r ' ° y U t �� n r 1 w bn bn 4-J De Z6 CL � zx 4 u W ® ® COm 0 zx 0 � pu >-Z,< � bw m Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida May 12, 2020 may have to get. If there is a business with only one business tax receipt that is ineligible, staff was unable to approve them. The applicant has to have a qualified Business Tax Receipt, unless the program is totally changed, to take advantage of any CRA economic development grant and because the program was already in place, it quickly was able to help business owners. There was agreement to work with Ms. Rae and coordinate with the City as she may have other eligible licenses. Chair Grant recommended taking the $500K from the Cottage District and Future Redevelopment. Vote Board Member Hay seconded the motion. It was clarified businesses already in the queue will keep their place. The motion unanimously passed. Motion Board Member Romelus moved to approve to grant funding under the Tier III category which would apply to the auto business that requested funds. Vice Chair Penserga seconded the motion. Tier III applications would come to the Board individually. B. Consideration of Approval of System Audit Reports and Payments Release to Hart Seabourn Cove, LLC for the Properties known as Seabourn Cove - Phase I & Phase II Mr. Simon reviewed this item. The applicant met all requirements and approval to reimburse the applicant was needed. Motion Board Member Hay moved to approve. Vice Chair Penserga seconded the motion. The motion unanimously passed. C. Consideration and Discussion of Terms for a RFP/RFQ and Letters of Interest for the Operation and Management of the Historic Woman's Club of Boynton Beach Mr. Simon explained this was a discussion item and a request from the City to take over the building. Assistant City Manager and Diane Valentini, Cultural Arts Center Manager, were present. Mr. Groff explained the City would like to make the building part of a campus which also included the Senior Center across the street. It would be part of a recreation campus. The Senior Center and Woman's Club would provide event parking for both facilities. It allows for a historic building to attract special events in a prime location. It could provide rental income from parties and weddings. He reviewed the benefits of City Management as contained in the meeting materials. 8 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida May 12, 2020 Ms. Valentini hoped to have monthly events including trade shows such as bridal fairs, home improvement expos, comic book swaps, and garage sales. The City would expand programming at the Senior Center for health and socialization. They would also have an artist incubator and indoor art shows. They could have a simulation where the artist could discuss create their art, display and sell their art and interact with the public, which is a growing phenomenon. The City would partner with community organizations and are contemplating the Surfing Florida Museum, which has experience in holding and managing events as well has bringing a historical aspect. It was anticipated combined activities would generate $361 K and projected expenditures were $189K, which included an event supervisor, assistant event specialist and crew. Other expenditures were also included in the meeting backup. The net operating income is $172K. An eye level image of the campus was viewed and it would take some time to build up to that level. There is not enough parking at the building. The senior center is active in the morning but not the afternoons when the Woman's Club would be active and they could use the lot for parking, or valet because there is no way to cross Federal Highway. Staff has approached the Florida Department of Transportation (FDOT) about putting in a protected pedestrian crossing. The City's consultant created a sketch which they presented to FDOT. The City has never been able to get a crossing because the area was not a "campus." By creating a campus, FDOT can consider the request differently and have tentatively advised they would approve a crosswalk. The crossing would be improved to be ADA compliant and have lighting. It would also help with traffic on US 1 as there are some issues there. The City has funds included in its Capital Improvement Plan for improvements to parking at the Senior Center. The plans are preliminary and once approval of plans is given by the CRA and City Commission they can develop a master plan. Mr. Groff explained the City and CRA would develop a three-year start-up plan and enter an Interlocal Agreement for funding assistance. The City would eventually take over the building as contained in the presentation. Chair Grant asked about a letter of intent from the City. Attorney Duhy thought transferring the building to the City with an ILA was beneficial as some of the activities that would occur there, better fit the City's recreation goals. Vice Chair Penserga asked about the crosswalk and the southwest parking lot and whether there was a plan to have a crosswalk there. Mr. Groff explained there would be improvements. Chair Grant was happy the building was on the National Register and an Addison Mizner building. He also supported ensuring organizations that have used the building in the past remain. He requested a motion to approve the ILA. Motion Board Member Hay moved to approve the ILA. Board Member Romelus seconded the motion. The motion unanimously passed. 9 INTERLOCAL AGREEMENT BETWEEN THE CITY OF BOYNTON BEACH AND THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE TRANSFER OF THE PROPERTY LOCATED AT 1010 SOUTH FEDERAL HIGHWAY, BOYNTON BEACH,FL TO THE CITY OF BOYNTON BEACH AND THE FUNDING OF CERTAIN IMPROVEMENTS, OPERATIONS,AND MAINTENANCE THERON. THIS AGREEMENT ("Agreement")is made by and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation, ("CITY"), and the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, ("CRA") (individually a "Party" and collectively, the"Parties"). WITNESSETH: WHEREAS,the 2016 Boynton Beach Community Redevelopment Plan ("Plan") calls for the redevelopment of the Community Redevelopment Area("CRA Area")as described in the Plan; and WHEREAS, the CRA owns the property within the CRA Area located at 1010 South Federal Highway, Boynton Beach, FL (the"Property") as further described in Exhibit"A," which is hereby incorporated herein; and WHEREAS, the Property contains the Historic Woman's Club of Boynton Beach building ("HWCBB"); and WHEREAS, the HWCBB is listed on the National Register of Historic Places; and WHEREAS, the Property is subject to certain restrictive covenants; and WHEREAS, the CITY desires to own the Property and use the HWCBB for proper municipal purposes, specifically, for municipal and cultural purposes and as an events venue available to rent by the general public; and WHEREAS, the use of the Property by the CITY for municipal and cultural purposes and as an events venue supports the goals of the Plan; and WHEREAS, the Property is also located adjacent to 1021 S Federal Highway, Boynton Beach, FL, (the "CITY Parcel") (a description of which is attached hereto as Exhibit"B," which is hereby incorporated herein), which is owned by the CITY; and WHEREAS, the CITY Parcel contains additional parking critical for continued historic preservation and full use of the Property by the CITY as described above; and WHEREAS, the transfer of this Property to the CITY will further promote the goals and objectives of the CITY; and 01414075-1 1 WHEREAS, the CITY will undertake the maintenance and operations of the Property in furtherance of that goal; and WHEREAS, maintenance and operation of the HWCBB requires the additional off-site parking found on the CITY Parcel; and WHEREAS, the CRA desires to provide the CITY with funding for the maintenance and operation of the Property, for a period not to exceed three (3)years from the Effective Date of this Agreement("Maintenance Period"); and WHEREAS, the CRA further desires to fund various physical improvements to the HWCBB related to ADA accessibility, historic preservation, health and safety codes, and pedestrian access between parking areas and the HWCBB; and WHEREAS, the physical improvements described above and the operations and maintenance of the HWCBB during the Maintenance Period are hereinafter referred to as the "Project;" and WHEREAS,the CRA finds the Project will enhance the CRA Area; and WHEREAS, the CRA Board finds that this Agreement, and the use of the CRA's funds for the Project, is consistent with the Plan and Chapter 163, Florida Statutes; and WHEREAS, due to the intended historic preservation of the HWCBB, and the beneficial neighborhood and redevelopment impact of the Project, the CRA and the CITY find that this Agreement serves a municipal and public purpose, and is in the best interest of the health, safety, and welfare of the CITY of Boynton Beach, and in particular the CRA Area; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereby agree as follows: 1. Recitals. The recitations set forth above are hereby incorporated herein. 2. Reimbursement Obligations of the CRA. a. The CRA shall provide funding to the CITY in an amount not to exceed Two Hundred Fifty and 00/100 Dollars ($250,000) annually (for a maximum total of$750,000) to be used for only reimbursement of certain eligible expenses. Eligible expenses are those expenses that are consistent with the requirements of Florida Statutes, consistent with the Plan, directly related to the Project, and in compliance with the requirements of this Agreement. In addition, only direct expenses for materials, labor, construction, and equipment costs associated with the Project for the physical operation and maintenance of the Property (which term includes the 01414075-1 2 HWCBB), and expenses associated with construction and installation of physical improvements related to ADA accessibility, historic preservation, health and safety codes, and pedestrian access between parking areas and the HWCBB, shall be considered eligible expenses. CITY overhead, CITY administrative costs, payment to CITY employees, and any payoffs required by applicable restrictive covenants are not eligible expenses. b. The CRA's obligation to provide funding to the City is contingent upon the inclusion of the funding in the CRA's approved Budget for the fiscal year in which the funds will be disbursed. C. The CRA reimburse the CITY for eligible expenses upon receipt of a written, complete Reimbursement Request from the CITY that meets the requirements of this Agreement as further described below. 3. Obligations of the CITY. a. The CITY shall ensure funds provided by the CRA are not used for any purposes prohibited by § 163.370(3), Florida Statutes, or otherwise prohibited by law. b. As a prerequisite for receiving funding in any given year pursuant to this Agreement, no later than the last day of April every year through the life of this Agreement, the City shall provide the CRA with an Annual Budget Request. The Annual Budget Request shall state the amount of funding the City is requesting the CRA include for the Project in its budget for the subsequent fiscal year. The first Annual Budget Request shall be due on April 30, 2021, for funds to be included in the CRA's Budget for the 2021/2022 fiscal year. Upon receipt of the timely submitted Annual Budget Request, the CRA shall include the funding amount requested in its proposed Budget to be considered for approval by the CRA Board. C. The CITY shall ensure that the Project is accomplished in compliance with the Plan and Florida Statutes. d. The CITY shall be responsible for overseeing the Project, coordinating with the contractor(s), and otherwise contracting and coordinating with all other entities as necessary to effectuate the Project, but shall coordinate with the CRA concerning compliance with the Plan. e. The CITY shall also be responsible for the maintenance of the Property, along with contracting and coordinating with all other entities as necessary to comply with the Secretary of Interior's Standards for the Treatment of Historic Properties, during the term of the Agreement and thereafter. 01414075-1 3 f. Upon request from the CRA, or an authorized agent of the CRA, including the Executive Director or designee and the CRA Attorney, the CITY shall provide all documents reasonably requested by the CRA or CRA's agent concerning compliance with this Agreement, specifically including any documentation concerning compliance with Florida Statutes or supporting any Reimbursement Request. g. The CITY shall honor all existing rental agreements between the CRA and parties for the HWCBB ("renters") as of the Effective Date, and shall assume the responsibilities and obligations of the CRA in such agreements. The CRA will provide copies of all agreements between the CRA and renters on the Effective Date. 4. Reimbursement of Funds a. The CITY shall provide a written request for reimbursement of funds ("Reimbursement Request")meeting the requirements of this Agreement to the CRA no later than 30 days after payment by the CITY of funds for which it is seeking reimbursement, and in no case less than 45 days before this Agreement terminates. In order to be deemed a complete Reimbursement Request, the Reimbursement Request shall include the following information: i. The amount of reimbursement requested; ii. A summary of the Project items for which the CITY seeks reimbursement; iii. A statement that the Project is in compliance with the Plan and Florida Statutes, and evidence supporting the statement; iv. Copies of all invoices, receipts, and any other documentation necessary to evidence the amount and purpose for each payment made by the CITY for the Project for which the CITY is seeking reimbursement; and v. For any Reimbursement Request submitted after final completion of a physical improvement, evidence of an approved final inspection, or equivalent, and a final report by the CITY detailing at minimum the type improvements, reasons for the improvements, and the associated costs. b. Upon receipt of a complete Reimbursement Request from the CITY that meets the requirements of this Agreement, the CRA shall remit funding in the amount requested, consistent with this Agreement,to the CITY within thirty(30)days of receipt of the Reimbursement Request. C. If the CITY fails to submit a Reimbursement Request within 30 days after the final completion of any physical improvement, the CITY will no longer be eligible to receive 01414075-1 4 reimbursement for that improvement. If the CITY submits a Reimbursement Request that the CRA deems incomplete, the CRA shall notify the CITY in writing. The CRA may ask for additional documentation that could reasonably be used to evaluate or support the Reimbursement Request. The CITY shall have 30 days from receipt of the notice to provide the necessary documentation to complete the Reimbursement Request. If the CITY fails to provide the documentation required by the CRA within 30 days, the CITY shall only be eligible for the portion of the Reimbursement Request, if any,that the CRA deems complete and eligible. The CRA will not reimburse the CITY for any portion of the request the CRA deems ineligible for reimbursement. 5. Limits of CRA Obligations for the Project. The Parties agree that the CRA shall only be responsible for providing reimbursement to the CITY for eligible expenses for the Project,and shall not otherwise be responsible for effectuating the Project or otherwise assisting with the HWCBB. 6. Additional Limitations on Reimbursement Funds. If any portion of the Property ceases to be used for public purposes, or of any portion of the Property is assigned for use to a private or non-profit entity for more than seven calendar days (whether or not such entity pays the CITY rent for such use), then the maintenance and operations costs for that portion of the Property shall not be deemed eligible expenses for the duration of the use by that entity or during such time as the Property is not used for public purposes. The intent of this paragraph is to prevent the use of CRA funds for improving, operating and maintaining any portion of the property for which the primary beneficiary is the entity operating that portion of the property(such as a vendor or service provider) or the customers of that entity, and this paragraph shall be construed in light of this stated intent. 7. Land Transfer. The CRA, upon recommendation of staff, deems it in the best interest of the Citizens and residents of the CITY of Boynton Beach to approve and authorize the Chair to sign a Quit-Claim Deed transferring the CRA-owned property located at 1010 South Federal Highway to the CITY. 8. Indemnification. The CITY shall indemnify, save, and hold harmless the CRA, its agents, and its employees from any liability, claim, demand, suit, loss, cost, expense or damage which may be asserted, claimed, or recovered against or from the CRA, its agents, or its employees, by reason of any property damages or personal injury, including death, sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of, or is otherwise related to the negligent or wrongful conduct of persons or the faulty equipment (including equipment installation and removal) associated with the Project. Nothing in this Agreement shall 01414075-1 5 be deemed to affect the rights, privileges, and sovereign immunities of the CRA or the CITY as set forth in Section 768.28, Florida Statutes. This paragraph shall not be construed to require the CITY to indemnify the CRA for CRA's own negligence, or intentional acts of the CRA, its agents or employees. Each party assumes the risk of personal injury and property damage attributable to the acts or omissions of that party and its officers, employees and agents. 9. Term of the Agreement. This Agreement shall become valid and commence upon the date of execution by the last Party to this Agreement ("Effective Date"), and unless earlier terminated pursuant to this Agreement, shall terminate three years from the Effective Date ("Termination Date"). In no case shall the CRA be required to reimburse the CITY for any untimely requests, or requests submitted after this Agreement is terminated. The term of the Agreement may be extended only upon the execution of a written amendment signed by the CITY Commission and the CRA Board. Nothing in this paragraph shall be construed so as to affect a Party's right to terminate this Agreement in accordance with other provisions in this Agreement. 10. Records. The CITY and the CRA each shall maintain their own records and documents associated with this Agreement in accordance with the requirements set forth in Chapter 119, Florida Statutes. All such records shall be adequate to justify all charges, expenses, and costs incurred in accordance with generally accepted accounting principles. Each Party shall have access to the other Party's books, records and documents as required in this Agreement for the purpose of inspection or audit during normal business hours during the term of this Agreement and at least 1 year after the termination of the Agreement. 11. Filing. The CITY shall file this Interlocal Agreement pursuant to the requirements of Section 163.01(11) of the Florida Statutes 12. Default. Unless otherwise provided in this Agreement, if either Party defaults by failing to perform or observe any of the material terms and conditions of this Agreement for a period of ten (10) calendar days after receipt of written notice of such default from the other Party,the Party giving notice of default may terminate this Agreement through written notice to the other Party. Failure of any Party to exercise its right in the event of any default by the other Party shall not constitute a waiver of such rights. No Parry shall be deemed to have waived any rights related to the other Party's failure to perform unless such waiver is in writing and signed by both Parties. Such waiver shall be limited to the terms specifically contained therein. This paragraph shall be 01414075-1 6 without prejudice to the rights of any Parry to seek a legal remedy for any breach of the other Parry as may be available to it in law or equity. 13. No Third-Party Beneficiaries. Nothing in this Agreement shall be deemed to create any rights in any third parties that are not signatories to this Agreement. 14. Compliance with Laws. The CITY and the CRA shall comply with all statutes, laws, ordinances, rules, regulations and lawful orders of the United States of America, State of Florida and of any other public authority which may be applicable. 15. Entire Agreement. This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered, except in writing and then only if signed by all 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. 16. Severability. If any part of this Agreement is found invalid or unenforceable by any court, such the remainder of the Agreement shall continue to be binding upon the Parties. To that end, this Agreement is declared severable. 17. Governing Law and Venue. The terms 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 laws principles. Any and all legal actions necessary to enforce the terms of this Agreement shall be conducted in the Fifteenth Judicial Circuit in and for Palm Beach County, Florida, or, if in federal court, in the United States District Court for the Southern District of Florida, to which the Parties expressly agree and submit. 18. No Discrimination. Parties shall not discriminate against any person on the basis of race, color, religion, ancestry, national origin, age, sex, marital status, sexual orientation or disability for any reason in its hiring or contracting practices associated with this Agreement. 19. Notice. Whenever either Party desires to give notice to the other, such notice must be in writing and sent by United States mail, return receipt requested, courier, evidenced by a delivery receipt, or by overnight express delivery service, evidenced by a delivery receipt, addressed to the Party for whom it is intended at the place last specified; and the place for giving of notice shall remain until it shall have been changed by written notice in compliance with the provisions of this 01414075-1 paragraph. For the present, the Parties designate the following as the respective places for giving of notice: a. CITY: Lori LaVerriere, City Manager City of Boynton Beach 100 E. Ocean Avenue Boynton Beach, FL 33435 b. CRA: Michael Simon, Executive Director Boynton Beach CRA 100 E. Ocean Avenue 4th Floor Boynton Beach, Florida 33435 c. Copies To: James A. Cherof Goren, Cherof, Doody & Ezrol, P.A. 3099 East Commercial Boulevard, Suite 200 Fort Lauderdale, Florida 33308 Tara Duhy, Esquire Lewis, Longman & Walker, P.A. 515 North Flagler Drive, Suite 1500 West Palm Beach, Florida 33401 20. No Transfer. The Parties shall not, in whole or in part, subcontract, assign, or otherwise transfer this Agreement or any rights, interests, or obligations hereunder to any individual, group, agency, government,non-profit or for-profit corporation, or other entity without first obtaining the written consent of the other Party. 21. Interpretation; Independent Advice. This Agreement shall not be construed more strictly against one Party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the Parties. 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. 22. 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 01414075-1 8 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 .pdf format document sent via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. 23. Survival. The provisions of this Agreement regarding indemnity, waiver, termination, maintenance of the Property, and records shall survive the expiration or termination of this Agreement and remain in full force and effect. 24. Time is of the Essence. The parties acknowledge that time is of the essence in the performance of the provisions in this Agreement. [Signatures on following page.] 01414075-1 9 IN WITNESS WHEREOF,the CITY and the CRA hereto have executed this Agreement as of the later of the dates set forth below. ATTEST: CITY OF BOYNTON BEACH, a Florida municipal corporation By: Crystal Gibson, CITY Clerk Steven B. Grant, Mayor Approved as to Form: Date: (SEAL) Office of the CITY Attorney Approved as to Form: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Office of the CRA Attorney Steven B. Grant, Chair Date: 01414075-1 10 EXHIBIT "A" CRA-owned Property Information (1010 South Federal Highway, Boynton Beach) Parcel ID Number: 08-43-45-28-24-000-0040 Legal Description: Lots 4, 5, 6, and 7, Parker Estates, according to the Plat thereof as recorded in Plat Book 10, Page 37, Public Records of Palm Beach County, Florida, Less the West 35 Feet thereof for Road Right of Way. Location Map r 11"qgK4� i m IN � � � �� 4 5 1 i sus a: 01414075-1 1 1 EXHIBIT `B" CITY-owned Property Information (1021 South Federal Highway, Boynton Beach) Parcel ID Number: 08-43-45-28-24-000-0140 Legal Description: PARCELI: Lots 14, 15, 16, and 17,PARKER ESTATES, a subdivision of the City of Boynton Beach, Florida, according to the Plat thereof on file in the office of the Clerk of the Circuit court in and for Palm Beach Cunty, Florida, recorded in Plat Book 10, at Page 37. PARCEL IL Lots 1 and 2, Block B,HATHAWAY PARK, a subdivision of the City of Boynton Beach,Florida, according to the Plat thereof on file in the office of the Clerk of Court in and for Palm Beach County, Florida, recorded in Plat Book 13 at Page 17. SUBJECT TO: easements,reservations,restrictions,road-right-of-way of record, if any, and taxes for the year 1998 and thereafter. Location Map t � i?v t t I t r If, i 01414075-1 12 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 OLD BUSINESS AGENDAITEM: 15.1. SUBJECT: Discussion and Consideration of a Tax Deed Sale for the Vacant Lot Located at 514 NW 11 th Avenue SUMMARY: At the CRA Board meeting on December 8, 2020 the Board approved staff to bid, in an amount not to exceed $50,000, on a residential property located at 514 NW 11 th Avenue which was for sale via the Palm Beach County Tax Collector's Tax Deed Sale system (see Attachment 1). The CRA was outbid and the property auctioned for$52,100 (see Attachment 11). However, the prevailing bidder forfeited the purchase and the property is now available again through the Palm Beach County Tax Collector's Tax Deed Sale system for$4,574.25 (see Attachment 111). If the CRA Board is interested in pursuing acquisition of this property again through the Tax Deed Sale process, CRA staff recommends setting a maximum bid purchase price of no more than $30,000. BACKGROUND The property is a vacant lot located between a rental property and a single family home on NW 11th Avenue (see Attachment IV). The property appraised for$27,000 (see Attachment V). CRA staff and legal have conducted a City lien search and a title search on the parcel (see Attachments VI and VI 1). The following City code violations/liens remain active and have increased due to accruing daily fines: • Lien case # 09-1482 - Lien payoff $149,434.12 - Cited for failure to obtain a Business Tax & Certificate of use and occupancy for the rental property. The property was demolished by the City as an unsafe structure. Community Compliance has indicated that this lien can be considered for lien reduction process. • Municipal liens must be paid in full and are not eligible for lien reduction process R12-003 - $7,310.23 -good thru 1/31/21 Active lot lien # 18-1246 - $573.99 —good thru 1/31/21 Active lot lien# 18-2967 -$701.44 — good thru 1/31/21 Active lot lien# 19-1130 - $591.52 — good thru 1/31/21 New public nuisance case #20-263, 1 nvoice $443.09 New public nuisance case #20-2643, 1 nvoice $215.00 Since the property will be acquired through the tax deed process a quiet title action will be required to obtain marketable title. If purchased, the CRA could develop the property into affordable housing. FISCAL IMPACT: FY2020-2021 Budget, Project Fund, Line Item #02-58200-401, $30,000 plus liens CRA P LAN/P ROJ ECT/PROGRAM: 2016 Community Redevelopment Plan - Heart of Boynton CRA BOARD OPTIONS: 1. Approve the purchase of the vacant property located at 514 NW 11th Avenue for a purchase price not to exceed $30,000 and the cost of the liens subject to the City of Boynton Beach and the CRA Board approval. 2. Do not approve the purchase of the vacant property located at 514 NW 11 th Avenue. 3. Other options to be determined by the Board. ATTACHMENTS: Description D Attachment I - 12.08.20 M inutes D Attachment II - Bid History D Attachment III -Tax Deed Information D Attachment IV - Location Map D Attachment V -Appraisal D Attachment VI -City Lien Search D Attachment VII -Title Search Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida December 8, 2020 he is requesting the amendment or extension. Attorney Miskel explained they will provide a detailed summary of what they were requesting in their status update. D. Discussion and Consideration of Letters of Intent to Purchase the CRA owned Property Located at 115 N. Federal Highway (This item was discussed earlier in the meeting) 16. New Business A. Discussion and Consideration of a Tax Deed Sale for the Vacant Lot located at 514 NW 11th Avenue Mr. Simon explained the above property was identified by CRA staff as a potential property to acquire for affordable housing via a Tax Deed sale. The property currently has liens on it, and could be purchased for $6,112.96. The appraisal shows the property, which had a structure on it that was demolished, was valued at $27K as a vacant lot. There was confirmation from Habitat for Humanity that the lot was suitable for a home. As for the liens, he spoke with the City Manager and Adam Temple, Community Standards Director and learned a substantial amount of the liens could be reduced if the CRA purchased the property for affordable housing. The municipal lien of just under $1 OK must be paid plus the acquisition costs. When they establish the amount to bid, they have to put down 5%. The maximum bid amount decided on was $240K. He thought $40K to $50K was appropriate. Vice Chair Penserga agreed to a maximum cost of $50K. Motion Board Member Romelus moved to approve a maximum purchase price of $50K. Board Member Hay seconded the motion. The motion unanimously passed. Chair Grant thought there were lands available for sale on the Clerk and Comptroller's website. He advised he will forward the information to Mr. Simon to bring back to the next meeting. 17. Future Agenda Items Chair Grant thought there were lands available for sale on the Clerk and Comptroller's website. He advised he will forward the information to Mr. Simon to bring back to the next meeting. Chair Grant wanted a future agenda item and noted the City created its own Parking Department and they do not want private development to own parking garages because they would not be able to regulate them. He wanted the CRA Board to help create a parking authority and look at the parking at 115 to find a low user charge, such as $1.50 per 24 hours. 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ZEVEL LLC Nw 11th AVC 1441d 71h Ave Property Detail '** .�,. ,.,,.. 514 NW 11THAVE Muii BOYNTON BEACH . .e No. 08434521 140002921 Sulkdiviriorl CHERRY HILLS Book 26371 .Page 1432 `ale Da e=.SEP 2013 i 4828 LOOP Mailing- CENTRAL DR - - ~w r faci.e.�,s HOUSTON TX 77081 2212 e.0000-VACANT 0 ( F. 7 t lit g 'e ee.. r \:n?7�vet+,et+,et+,eta,et+,et+,et+,et+,et�,et�,et? .. _, w MaCt1t1 ILEl1F5Ur FLkr3 `.Yr BIVd. ., VM Marti, Sales Information ` '! Sales i - evXj of G{ Price Date SEP-2013 4001 JUN-2012 10 FEB-2012 33900 s, ,AUG- 2004 1440001;`.; JUN-2002 12300 '- 12 Appraisals Tax Year 2020 S0. Value Land Value $30000 . ,..�..1 rf .<e— S 30 000 Value All values are as of January 1 st each year Assessed/Taxable! values Tax Year 2020 AssesseC 5141509 Value A.. .... https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434521140002921 1/1 APPRAISAL REPORT DUPLEX PROPERTY 514 NW 11 AVENUE BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 100 E. Ocean Avenue Boynton Beach, FL 33435 November 16, 2020 sf, i r E Vance Real Estate Service {3(1 U November 16, 2020 pnts,i�z �y r Boynton Beach Community Redevelopment Agency ,`�sf, 100 E. Ocean Avenue Boynton Beach, FL 33435 i RE: Duplex Lot at 514 NW 11 Avenue, 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 November 16, 2020. The report sets forth our value conclusion, along with data and reasoning supporting our value 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 2020-2021). This report is for exclusive use of the client 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 market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. TWENTY-SEVEN THOUSAND DOLLARS 27 000 (THIS LETTER MUST REMAINATTACHED TO THE REPORT KITH SIXTY-THREE(63)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 in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h 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 P otograp s o Subject t e Property 5 1-3-5 Mile Location Map 7 1-3-5 Mile Demographic Statistics 8 Summary of Important Facts and Conclusions 10 DESCRIPTIONS ANALYSES & CONCLUSIONS 11 I entity of Client and Intended User 12 Intended Use 12 Identification of Real Estate Appraised 12 Ownership 12 Property Address 12 Legal Description 12 Real Estate Tax Analysis 13 Market Area Description 13 Zoning 18 Site Description 18 Real Property Interest Appraised 18 Appraisal Purpose and Definition of Market Value 19 Effective Dates of the Appraisal and Report 19 Scope of the Work 20 Summary of Information Considered 20 Property History 21 Highest and Best Use 22 SALES COMPARISON APPROACH 23 Land Sales es map 24 Land Sales documentation 25 Land Sales Comparison & Adjustment Chart 33 Valuation by the Sales Comparison Approach 34 FINAL VALUE OPINION 37 Certification and Limiting Conditions 38 ADDENDA 40 Foo zone determination 41 Residential zoning information 42 USPAP Standards Rule 2-2a 50 Subject Acquiring Warranty Deed 53 Qualifications of the Appraisers 55-63 INTRODUCTION ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... A .... ....... "t M!", -01 PHOTO OF THE VALUED VACANT DUPLEX LOT 514 NW 11 Avenue Boynton Beach, Florida t } 4 WNW samml Av t til r' a. 4 z SUBJECT AERIAL PHOTO 514 NW 11 Avenue Boynton Beach, Florida Lakes WDrth L",kip Worth Corridor n ' ir1 ti N f Bull Valley, 5 s Q ` x s tl v e u s, Iii � itiB �a 1� V Ro�ldlb4, Hol 1-3-5 MILE RADII FROM THE SUBJECT VALUED DUPLEX LOT 514 NW 11 Avenue Boynton Beach, Florida • Gesn" 514 NW 11th Ave, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 13,223 83,331 172,826 2010 Population 14,132 93,343 195,808 2020 Population 15,113 103,701 216,299 2025 Population 16,013 110,471 229,147 2000-2010 Annual Rate 0.67% 1.14% 1.26% 2010-2020 Annual Rate 0.66% 1.03% 0.98% 2020-2025 Annual Rate 1.16% 1.27% 1.16% 2020 Male Population 48.8% 47.7% 47.8% 2020 Female Population 51.2% 52.3% 52.2% 2020 Median Age 37.4 45.1 46.7 In the identified area, the current year population is 216,299. In 2010, the Census count in the area was 195,808. The rate of change since 2010 was 0.98% annually.The five-year projection for the population in the area is 229,147 representing a change of 1.16% annually from 2020 to 2025. Currently, the population is 47.8% male and 52.2%female. Median Age The median age in this area is 37.4, compared to U.S. median age of 38.5. Race and!Ethnicity 2020 White Alone 32.4% 61.0% 64.3% 2020 Black Alone 60.0% 29.5% 25.5% 2020 American Indian/Alaska Native Alone 0.5% 0.3% 0.4% 2020 Asian Alone 1.2% 2.4% 2.5% 2020 Pacific Islander Alone 0.0% 0.0% 0.0% 2020 Other Race 3.3% 3.9% 4.3% 2020 Two or More Races 2.6% 2.9% 2.8% 2020 Hispanic Origin (Any Race) 14.4% 18.8% 19.9% Persons of Hispanic origin represent 19.9% of the population in the identified area compared to 18.8% 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 67.3 in the identified area, compared to 65.1 for the U.S. as a whole. Households 2020 Wealth Index 51 88 107 2000 Households 4,550 36,481 74,669 2010 Households 4,952 39,913 82,788 2020 Total Households 5,261 44,217 90,771 2025 Total Households 5,629 47,061 95,964 2000-2010 Annual Rate 0.85% 0.90% 1.04% 2010-2020 Annual Rate 0.59% 1.00% 0.90% 2020-2025 Annual Rate 1.36% 1.25% 1.12% 2020 Average Household Size 2.83 2.32 2.36 The household count in this area has changed from 82,788 in 2010 to 90,771 in the current year, a change of 0.90% annually. The five-year projection of households is 95,964, a change of 1.12% annually from the current year total. Average household size is currently 2.36, compared to 2.34 in the year 2010.The number of families in the current year is 53,424 in the specified area. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. November 13, 2020 • Gesn" 514 NW 11th Ave, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Mortgage';Income 2020 Percent of Income for Mortgage 19.9% 17.9% 18.7% Median Household Income 2020 Median Household Income $44,089 $54,636 $57,767 2025 Median Household Income $49,566 $58,938 $62,721 2020-2025 Annual Rate 2.37% 1.53% 1.66% Average Household Income 2020 Average Household Income $59,335 $76,972 $82,742 2025 Average Household Income $67,267 $85,187 $91,527 2020-2025 Annual Rate 2.54% 2.05% 2.04% Per Capita Income 2020 Per Capita Income $21,350 $32,960 $34,994 2025 Per Capita Income $24,277 $36,433 $38,618 2020-2025 Annual Rate 2.60% 2.02% 1.99% Households by Income Current median household income is$57,767 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $62,721 in five years, compared to $67,325 for all U.S. households Current average household income is$82,742 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $91,527 in five years, compared to $99,510 for all U.S. households Current per capita income is $34,994 in the area, compared to the U.S. per capita income of$34,136. The per capita income is projected to be $38,618 in five years, compared to $37,691 for all U.S. households Housing 2020 Housing Affordability Index 117 126 120 2000 Total Housing Units 4,937 43,490 88,516 2000 Owner Occupied Housing Units 2,916 27,281 56,634 2000 Renter Occupied Housing Units 1,634 9,200 18,035 2000 Vacant Housing Units 387 7,009 13,847 2010 Total Housing Units 5,853 50,453 101,969 2010 Owner Occupied Housing Units 2,771 27,044 58,636 2010 Renter Occupied Housing Units 2,181 12,869 24,152 2010 Vacant Housing Units 901 10,540 19,181 2020 Total Housing Units 6,185 54,371 109,143 2020 Owner Occupied Housing Units 2,944 28,778 62,504 2020 Renter Occupied Housing Units 2,317 15,440 28,266 2020 Vacant Housing Units 924 10,154 18,372 2025 Total Housing Units 6,590 57,501 114,720 2025 Owner Occupied Housing Units 3,098 29,975 64,959 2025 Renter Occupied Housing Units 2,531 17,086 31,005 2025 Vacant Housing Units 961 10,440 18,756 Currently, 57.3% of the 109,143 housing units in the area are owner occupied; 25.9%, renter occupied; and 16.8% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 101,969 housing units in the area - 57.5% owner occupied, 23.7% renter occupied, and 18.8% vacant. The annual rate of change in housing units since 2010 is 3.07%. Median home value in the area is$259,244, compared to a median home value of$235,127 for the U.S. In five years, median value is projected to change by 2.32% annually to$290,794. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. November 13, 2020 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Vacant duplex lot. ADDRESS: 514 NW 11th Avenue Boynton Beach, FL 33435 OWNERSHIP: ZEVEL, LLC Boynton Beach, Florida 33435 LAND AREA: Approximately 4,238 square feet ZONING: "R-2", Duplex in the city of Boynton Beach, Florida LAND USE: Multi-family<10 Units APPRAISAL PURPOSE: To develop an opinion of current market value INTEREST APPRAISED: Fee Simple CURRENT USE: Vacant land HIGHEST AND BEST USE: Highest and Best Use is defined as: The reasonably probable and legal use of vacant land or an improved property which is physically possible, appropriately supported, financially feasible, and that results in the highest value. 1) Physically possible — duplex use is physically possible on the site. 2) Legally permissible — duplex use is legally allowed for the property. 3) Financially feasible — duplex use would provide a positive market return. 4) Maximally productive — duplex use is the one that produces the highest return. Duplex use is the Highest and Best Use of the property both vacant and improved. "As-Is"MARKET VALUE BY THE SALES COMPARISON APPROACH: TWENTY SEVEN THOUSAND DOLLARS 27 000 VALUATION DATE: November 16, 2020 Exposure Time: 9-12 months prior to selling at the appraised value. 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 2020 - 2021) 2-2(a)(i) State the identity of the client; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the identity of any other intended users by name or type; None 2-2(a)(iii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. 2-2(a)(iv) Contain information, documentation, and/or exhibits sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Ownership: ZEVEL, LLC 4828 Loop Central Drive Houston, Texas 77081 Property Address: 514 NW 11 Avenue Boynton Beach, FL 33435 Legal Description: Cherry Hills Boynton, the East 8.34 feet of Lot 292, Lot 293 and the West 8.33 feet of Lot 294, Plat Book 4, Page 58, of the Public Records of Palm Beach County, Florida APPRAISAL REPORT Real Estate Tax: Parcel Control Number: 08434521140002921 Assessed Value: $14,509 Real Estate Taxes: $402.28 The tax was paid for 2019, with no amounts outstanding for previous years. 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 taxpayer 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, which 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. Flood Zone:Zone "X". Zone "X" is not in a Special Flood Hazard Area. The FEMA flood map is in the Addenda. 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. Those few which were constructed in the early 1920s that are still in use have had repairs and replacements over the decades changing their historical significance. 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. APPRAISAL REPORT 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 town 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. There are three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Boca Raton, Palm Beach County, and Aventura and the Port of Miami, Miami-Dade County will be the next depots. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. The immediate subject market area is 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. Federal Highway is the main north-south artery through the city. It is also known as US Highway I and is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Heavily trafficked Federal Highway is a catalyst to redevelopment of the market area, with over 2,300 residential dwelling units in five projects either built or planned. Highway beautification projects enhanced the aesthetics of the market area. Individual 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 continue to facilitate revitalization of the subject market area. Primary east-west route is Boynton Beach Boulevard, with Ocean Avenue to the south as a secondary thoroughfare. Boynton Beach Boulevard is the principal east-west artery in the city, having interchanges with Interstate 95 and Florida's Turnpike. APPRAISAL REPORT Boynton Beach Boulevard commences just to the east of US Highway 1 and travels west through Palm Beach County to its terminus at State Road 7/ US Highway 441. 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 and the Atlantic Ocean. 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. To the north of Boynton Beach Boulevard 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 2020 in the one-mile radius is $44,089; for three miles it is $54,636; and $57,767 for the five mile circle. Annual growth rate is anticipated to be 1.16%. 57.5% of the housing units are owner occupied, with 23.7% rented. Economic Trends In South Florida, as in the rest of the United States, real estate prices climbed from 2003-2006. In 2007-2008, concerns were expressed about an unsustainable upward price trend in the market. Then, the economic collapse came in fall of 2008 along with the crash in real estate prices. In 2009, there were very few sales of any type of real estate. By 2010, it appeared that the worst was over. Cash buyers started making purchases. From 2013 to present, sales activity and prices recuperated. The upswing in prices is due in part to scarcity of developable land, especially in the eastern part of the county. Properties in primary locations are back to pre-crash prices; other properties are approaching that level. The life cycle stage of the market area is revitalization, a period of renewal, modernization, and increasing demand. APPRAISAL REPORT Revitalization in the CRA is taking place along US Highway 1, in the part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, consisting of 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 rooms, and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units, 15,757 square feet of commercial space, plaza, 644-space parking garage, et cetera. At 623 S Federal Highway, The Club of Boynton Beach is a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession halted those plans. At 2923 S Federal Highway, Daniel Heart Center is replacing an old strip store center by renovating the buildings. In addition to completed and approved projects, a large redevelopment site is under contract to be purchase located on the east side of Federal Highway at SE 1 Avenue, Boynton Beach. The 2.85 acres of land is an assemblage of 10 properties with numerous owners. Issues would have to be addressed such as demolition of existing buildings, unity of title, right-of-way abandonment, density of dwelling units, et cetera. The confidential contract price could change due to contingencies based on these and other issues. However, this assemblage is an example of the revitalization of the subject market area. Town Square, a major redevelopment project to the west of Federal Highway is under construction 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 were 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. APPRAISAL REPORT In the block to the west of the Town Square, on the west side of Seacrest Boulevard, two properties will be purchased by the Boynton Beach Community Redevelopment Agency (BB CRA). 209 N Seacrest Boulevard is a two-story commercial building leased to the city and used for the Boynton Beach Utility Customer Service facility and the Police substation. Purchase price is $1,400,000 with a closing scheduled for October, 2020 when the lease has terminated. The adjacent property at 217 N Seacrest Boulevard is currently leased to the United States Postal Service, with a one- story building and large parking lot for postal vehicles. The north side of the property fronts Boynton Beach Boulevard. BB CRA will purchase the property for $1,600,000 with a closing projected for February, 2023 when the lease terminates. Purchase of these two properties is an example of the BB CRA pursuing assemblages to amass land which can be redeveloped into larger mixed use facilities as planned for the Boynton Beach Boulevard corridor. In the Heart of Boynton CRA district, Ocean Breeze East is under construction at 700 North Seacrest Boulevard. The development is an affordable apartment project containing 123 units, retail space, clubhouse and swimming pool. The project came about by the Boynton Beach Community Redevelopment Agency selling the land and the Florida Housing Finance Corporation and TD Bank providing the financing. Also in the Heart of Boynton CRA district will be apartments and retail buildings on Martin Luther King, Jr. Boulevard east of Seacrest Boulevard. Land will be forthcoming from the Boynton Beach CRA and financing from the State of Florida will be similar for the developer of this project. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city. The CRA envisions the Boynton Beach Boulevard and Downtown Districts to have a future land use of mixed uses with various densities. The transformation of the area is in progress. Development of real estate takes time and the right market conditions which have been positive. Upward price trend for property in the subject market area will resume when the economy stabilizes and there are visible signs that projects are moving forward. APPRAISAL REPORT CRA District: Heart of Boynton Zoning: "R-2" Duplex Site Description: The shape of the appraised land is rectangular. Land size is approximately 4,238 square feet. Utilities: All utilities are available to the site. Access: The land is accessible via NW 11 Avenue on the West. NW 11 Avenue is a two-lane interior street. Easements: Utility easements are typically around the perimeter of the site. 2-2(a) (v) 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)(vi) 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 November 16, 2020. APPRAISAL REPORT 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 terms of sale(e.g.,cash,cash equivalent,or other terms);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 are the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions as follows. 1. buyer and seller are tvpically 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. denniwl 518 So.2d 895 (Fla. 1987)] 2-2(a)(vii) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: November 16, 2020 B) Date of the Report: November 16, 2020 APPRAISAL REPORT 2-2(a)(viii) 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 appraisers visited the property and photographed it. An 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 vacant land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including multiple listing service, Costar, Palm Beach County Property Appraiser's records, the public records, and data from the appraisers' plant. 2-2(a)(ix) Summarize the extent of any significant real property appraisal assistance; The two signatory appraisers are the only people involved in the appraisal process. 2-2(a)(x)(1) Summarize the appraisal methods and techniques employed; (2) State the reasons for excluding any of the valuation approaches; (3) Summarize the results of analyzing the subject sales, options and listings; (4) State the value opinion and conclusion (5) Summarize the information analyzed and the reasoning that supports the analyses, opinions, and conclusions (See following data answering the 5 Items) For Sales Comparison Approach, Duplex Lot sales are compared to each other and to the property under appraisement to develop a final opinion of value. The information analyzed and appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. The final value conclusion is stated at the end of the Sales Comparison Approach. APPRAISAL REPORT The Cost Approach is not used because the subject is vacant land. The Income Approach is not employed because vacant lots in the area are not typically leased. 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; The property is not formally listed for sale. b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. There have been no sales in the past three years. The property was purchased by the current owners by Quit Claim Deed in 2013. 2-2(a)(xi) State the use of the real estate existing as of the effective date and use of the real estate reflected in the appraisal; The real estate being valued is vacant land. This is the use valued in the appraisal. 2-2(a)(xii) When an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; APPRAISAL REPORT HIGHEST AND BEST USE OF THE PROPERTY Highest and Best Use is defined as: The reasonably probable and legal use of vacant land or an improved property which is physically possible, appropriately supported,financially feasible, and that results in the highest value. 1) Physically possible — a duplex use is physically possible on the site. 2) Legally permissible — a duplex use is legally allowed for the property. 3) Financially feasible — a duplex use will provide a positive market return. 4) Maximally productive — a duplex use is the one that produces the highest return. A duplex use is the Highest and Best Use of the property both vacant and improved. 2-2(a) (xiii) 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) (xiv) Include a signed certification in accordance with Standards Rule 2-I See signed certification in report. SALES COMPARISON APPROACH INQU t� (i LAND SALE LOCATION MAP Il y � I � I 6 _ I ( 57*t A1�fill( i FI � �al�tgyl✓NEI tel) I GA TES^lAY BLVD 7 n M1" f1'E � NW 21sT AVE 77! ( Y �p47F �IAY BLED' i 1 oi) ' 2BTH AWE NES y _ -G ST p, 1 1 � I� � uil lI lT `) a NEI7THAYE, I� IE-jh9z`i �3 } t 1 NE 17TH A'vE NW „P._ 7TH RLE I j w 6 { NW 16TH i7YSTH_�T.NE F Jf a sJ F F w w lz t� ung ,ti 16TH AVE NE ( t w wi N 15TH CT Ncb E" 1 Io 7 i, zl INE S4THAVE V �nawraxa`�etmA � +�i�f>rinCr��at �Al. � ,! I I I i VE NW 13TH' z NE YBTH 1b l ert LAND SALE 2 NWZHAVE,N �� Fn �NW _ o � At, 1 NW 1[1TH�4VE _ _ INW1➢THAVE �) I MARTIN Ct1T��y�INSAVE 41 NW 9TH AVE I �y,� "I) NE 9TH AVE i�l NE 8TH AVE I� NEt8TH A'^IEI� z but alas A> - hairy a NE�7TH AVE t N W 7TH AVE I _ t p JSALEF( � T _NE 6TH AVE. OF AVE NE 5TH A"JE` W 5TH AVE — — NE 5TH A VE z� I NW;4TH AVE I Q tlr '�n 4d y,Isi5: ., � ilii u z- x �z �) NN 4TH AVE .{LNE 4TH AVE71 �) _ AVE _ is c r vFi� t 2 II� 'I Ia a'. (NE 3RDk+ ar Data use subject to license. ft 0 DeLorme.DeLorme Street Atlas USAF]2009. 0 400 800 1200 1600 29GD wvvw.delorme.com MN(6.9°W) data Zoom 14-0 LAND SALES SALE NO. 1 LEGAL DESCRIPTION Lot 6, Block 9, HAPPY HOME HEIGHTS, Plat Book 11, Page 30,Palm Beach County RECORDED O. R. Book 30096,Page 201 GRANTOR Nery F. Leon GRANTEE Blue Sky Construction Investments, LLC DATE OF SALE August 30,2018 LOCATION 324 NE 12 Avenue Boynton Beach, FL ZONING "R-2"Residential/Duplex SALE PRICE $26,000 PROPERTY DESCRIPTION 3,780 square foot vacant lot(42' x 90') UNITS OF COMPARISON $6.88 per square foot FOLIO NUMBER 08-43-45-21-20-009-0060 CONDITIONS OF SALE Arm's length cash transaction PROPERTY RIGHTS SOLD Fee Simple CONFIRMED Nery Leon, grantor HIGHEST &BEST USE Most probably a single family residence PRESENT USE Vacant land INTENDED USE Single family residence COMMENTS Buyer improved the lot with a new single family residence after purchase. The new residence and lot sold for $251,000 in May, 2020. c ' t P � � r t i t l Q #p g AERIAL PHOTO OF LAND SALE NO. 1 324 NE 12 AVENUE BOYNTON BEACH, FLORIDA LAND SALES SALE NO. 2 LEGAL DESCRIPTION Lots 344 & 345, CHERRY HILLS, Plat Book 4, Page 58, Palm Beach County RECORDED O. R. Book 30691,Page 978 GRANTOR MM Development, LLC GRANTEE Palms Asset Management, LLC DATE OF SALE June 18,2019 LOCATION 521 NW 11 Avenue Boynton Beach, FL ZONING "R-3", Multi-family residential SALE PRICE $34,000 PROPERTY DESCRIPTION 5,000 square foot vacant lot(50' x 100') UNITS OF COMPARISON $6.80 per square foot FOLIO NUMBER 08-43-45-21-14-000-3440 CONDITIONS OF SALE Arm's length cash transaction PROPERTY RIGHTS SOLD Fee Simple CONFIRMED Michael Hilghman for grantee HIGHEST &BEST USE Most probably a single family residence PRESENT USE Vacant land INTENDED USE Single family residence COMMENTS The lot purchaser constructed a new single family dwelling and sold it for $264,000 in July, 2020. z Siam w � , m � j pp t r 4 { v 4t'�� 1�;��.?k�Y��laShtXitiY1�' rrw tin a €�w rrn a Ddu ner nve d w { rll AERIAL PHOTO OF LAND SALE NO. 2 521 NW 11 AVENUE BOYNTON BEACH, FLORIDA LAND SALES SALE NO. 3 LEGAL DESCRIPTION Lot 34 of a Subdivision of Lot 3 of Laneharts Subdivision, Plat Book 10,Page 39,Palm Beach County, Florida Public Records RECORDED O. R. Book 31326,Page 449,Palm Beach County, Florida Public Records GRANTOR Gregory& Mary Jane Sullivan, h/w GRANTEE Inspire Barber& Beauty Salon, LLC DATE OF SALE March 24, 2020 LOCATION 121 NE 13 Avenue Boynton Beach, FL ZONING "R-2",Residential/Duplex SALE PRICE $44,000 PROPERTY DESCRIPTION 7,000 square foot vacant lot UNITS OF COMPARISON $6.29 per square foot FOLIO NUMBER 08-43-45-21-21-000-0340 CONDITIONS OF SALE Arm's length cash transaction PROPERTY RIGHTS SOLD Fee Simple CONFIRMED Closing agent Ennie Jackson, Fla. Land Title Insurance, LLC HIGHEST &BEST USE Most probably a single family residence PRESENT USE Vacant land INTENDED USE Single family residence COMMENTS The lot will probably be sold within a few months for single- family development. ................................................................................... .......... 14im ....... AERIAL PHOTO OF LAND SALE NO. 3 121 NE 13 Avenue Boynton Beach, Florida LAND SALES SALE NO. 4 LEGAL DESCRIPTION Lot 48, RIDGEWOOD HILLS, Plat Book 23, Page 250, Palm Beach County Public Records. RECORDED O. R. Book 31505, Page 46, Palm Beach County, Florida Public Records GRANTOR Roger Simon,n/k/a Roger Chandler Keanely, s.m GRANTEE Michele Green,m/p DATE OF SALE June 8,2020 LOCATION 414 NW 8t'Avenue Boynton Beach, FL ZONING "RIA" Single Family, 6 Du/Acre SALE PRICE $38,000 PROPERTY DESCRIPTION 6,895 square foot vacant lot UNITS OF COMPARISON $5.51 per square foot FOLIO NUMBER 08-43-45-21-16-000-0480 CONDITIONS OF SALE Arm's length cash transaction PROPERTY RIGHTS SOLD Fee Simple CONFIRMED Closing agent Ennie Jackson, Fla. Land Title Insurance, LLC HIGHEST &BEST USE Most probably a single family residence PRESENT USE Vacant land INTENDED USE Single family residence COMMENTS The lot will probably be sold within a few months for single- family development. i t{t 0, r x £ AERIAL PHOTO OF LAND SALE NO.4 414 NW 81h Avenue Boynton Beach, Florida LAND SALE COMPARISON CHART Land Sale Sale Size Site Price per Sales Date Price Sg.Ft. Zoning Square Foot 1 324 NE 12 Avenue 08/30/2018 $26,000 3,780 "R-2" $6.88 Boynton Beach, Florida 2 521 NW 11 Avenue 06/18/2019 $34,000 5,000 "R-3" $6.80 Boynton Beach,Florida 3 121 NE 13 Avenue 03/24/2020 $44,000 7,000 "R-2" $6.29 Boynton Beach, Florida 4 414 NW 8 Avenue 06/08/2020 $38,000 6,895 "RIA" $5.51 Boynton Beach, Florida SUBJECT Value Date Value Unit Value 514 NW 11 Avenue 11/16/2020 27 000 4,238 "R-2" $E.37 Boynton Beach, Florida 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 reliable sources, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis. 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 value opinion by this approach. The appraised land consists of one platted lot containing 4,238 square feet or 0.0973 of an acre. Zoning is "R-2", one and two family-residential district. Current highest and best use is for development of a single-family residence. A search was made to find recent sales of sites similar to the subject in the Heart of Boynton district and in similar areas. The four land sales in this report are most representative of market value for the land being appraised. Details of the transactions 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 unit prices is from $5.51 per square foot to $6.88 per square foot of land. 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. The second group of property elements consists of location,physical characteristics, and use. Each element is hereafter addressed. LAND VALUATION 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 is fee simple interests,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 sales price 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. The land sales cited in this report are arm's length transactions. 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 activity, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. LAND VALUATION Two sales occurred in 2020; one sale occurred in 2019; and one sale occurred in 2018. The highest unit price was the sale in 2018 suggesting that there may not be significant increases in property square foot unit values. Hence,no adjustment is necessary for this element of comparison. Adjustments for transactional elements of comparison were considered; now, the land sales are compared 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, etcetera. 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. The appraisers weight each sale equally giving consideration to current market conditions trends. 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. Physical characteristics between the subject and land sales are similar enough as to not warrant adjustments. Use For sites to be comparable,they should have similar uses. Future Highest and Best Use for the land being valued and the comparable sales is for duplex or single-family development. No adjustments are warranted for this element of comparison. FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the land sales: Land Sale Sale Price per Square Foot 1 $6.88 2 $6.80 3 $6.29 4 $5.51 The unit prices of all of the sales are in a close range. With equal weight all four comparable land sales,the indicated square foot unit value for the subject land is $6.37. 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 November 16, 2020 is: $6.37/sq.ft.x 4,238 square feet= 27 000 TWENTY-SEVEN THOUSAND DOLLARS Exposure Time prior to attainment of the valued amount is approximately 9-12 months. 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 on November 12,2020. 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. November 16,2020 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 November 16,2020 Claudia Vance,MA6 Florida State-Certified General Real Estate Appraiser No.RZ-173 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 furnished 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 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. 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 November 16,2020 &Sa l 0 a��— Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 November 16,2020 ADDENDA ~ Q ¢ S. 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St 1 w � _ ry es � ° � Co y� o Co n i�w > a 0 QCo�v j, 4 ��{{ }{t{��1 y I N cl H Q Co N 3 J r�(6 a w N Q E 0 E F 1 Z 1 m / ® Q(6 N LL 0- N J N O E O Q IIVJJ -O N Z O & qp 4 --6 Q 0 OQ 0w Q Qw LU LU IJ $o N t> z -°o m CCU °- NLU=3 =x z Q O d >, -o m `O-C d Q y of d �` o ', LL w¢ ¢ zr 0r ¢ ries w ° O:_ Q°� a) Co as QO a J p x x x w U ¢ a E m �° ° `o ax ~ E E ° m w C7 � d w'qip d 0 d= w E v E d wo E wo J a¢ 20 ~O �v� Co as 3 �_LL u�x F-LL O t i i 4-0 0 o ry ( ` LL C:) �:� r }u� )to � �` O } CO LO CD CD - - CD CD LO I I ((fJJt i } LV l z � � �,d(t " � ��- I } ��' �{S � It t t'• {i�}~;t��, )}s,- t1 l� �t 3�}}� t'�f! c }; �y}I� `: �� {�ji "1 �',( s r�``;. y�� t`� F'. 1?' CD �� ' ) {t E } t O �� 1 " ,�� i ori � x � '�' A s ) z`• i�,�, N E. R-2 Single and Two-family Residential District. 1. General. The purpose of the R-2 zoning district is to implement the medium density residential (MeDR) future land use map (FLUM)classification of the Comprehensive Plan. The intent of this conventional district is to stabilize and protect existing residential neighborhoods with densities no greater than ten(10)dwelling units per acre, and allowing limited types of non- residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3,Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-9). Existing and/or planned single-family homes shall conform to the R-1 district requirements; however, for duplex homes, the following lot and building requirements shall be observed: BUILDING/SITE REGULATIONS R-2 District Minimum lot area(per unit): 4,500 s.f.1 Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 25 feet2 Rear: 25 feet3 Interior side: 10 feet2 Corner side: 25 feet 2,3 Minimum living area: 750 s.f. Maximum lot coverage: 40% Maximum Floor Ratio Area (FAR) 0.104 Maximum structure height: 25 feet 1 Single-family dwellings shall be constructed on lots that are no less than six thousand(6,000)square feet. 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 6.11.below). 3 On corner lots,the side setback adjacent to the street shall be not less than one-half(1/2)the front yard setback. However,where orientation of adjacent lots on both street frontages provide typical front yard setbacks,the comer lot shall provide for front yard setbacks along both streets. when two(2)front yard setbacks are provided for on a corner lot,no rear yard setback shall be required,only side yard setbacks shall be imposed. 4 A floor area ratio(FAR)up to 0.10 maybe considered for non-residential uses allowed within the R-2 district (see "Use Matrix"—Chapter 3,Article IV, Section 3),pursuant to the medium density residential land use category of the Comprehensive Plan. 5 Not to exceed two(2)stories. D. R-1 Single-family Residential District. 1. General. The purpose of the R-1 zoning district is to implement the moderate density residential (MoDR) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage single-family dwellings and structures at densities no greater than seven and one-half(7.5) dwelling units per acre, and allowing limited types of non-residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-8). The following lot and setback requirements shall be observed: BUILDING/SITE REGULATIONS R-1 District Minimum lot area: a 6,000 s.f. Minimum lot frontage: 60 feet Front: 25 feet Rear: 20 feet Special rear yard setback reduction for single-story building additions:I Abutting: I-95 or railroad tracks: 50% Abutting: Intracoastal: 50% Abutting: Lakes: 50% Abutting: Golf Course: 50% Abutting: Canals wider than 150 ft 50% Abutting: Canals narrower than 150 ft 33% Abutting: Perimeter walls of community that abut other than residential: Abutting: Commercial or Industrial 50% Abutting: Public or private park: 50% Interior side: 7.5 feet Comer side: 25 feet2 Minimum living area: 1,200 s.f. Maximum lot coverage: 50% Maximum structure height: 30 feet ' 3 J O a x ++ d d d d z z z z to w w z z E U •• a Q YC to YC YC o O to O N [— to O y O c� O c v �1. O o O Q. M y 00 O m � U VI o kn I LL O W N O Q' O O O O �cc 0 mo `n U •� O OO o ffQ .. Imo . . ori, "' o O N o d �m a � � r-: z to z W ch U oO o 0 O d to O t d Q rx Q z �o 1:T z z U Qo o ttn z oo r- 1:T z O O o O O DD t Q �� i z 01 01 -- z I O O a0 r. Cd Q Qz "O c. Q. $.. c� O fy (� U U Cd p �' Q s .. bD O O Q C/1 tom~" O s. _ _._ U 3 .3u � GTr140. z z z z z z z z 00 w w w w z z z z z • � � d d d d d d d d w w w w z z z z z 00 z z z z z z z z N N N N O z z z z z z z z U O / O O O O O M O O M N r- N N Fri N kn to kn kn M kn kn 44 O O N kn O by o 0 0 0 0 0 0 0 N N O O O O O <M O O N N v A4 0 0 0 0 0 0 0 0 M N -•� N N �n �n �n �n �n M �n �n Cd �. .-. OCd O V N 4 Cdto to L" o O .. C7 U U U w r� r� U rx U ---� EJ Sec. 11. Nonconforming Regulations. A. Lots and Parcels. 1. R-1 District, R-IA District, R-2 District, and R-3 District. A detached single-family dwelling may be constructed on any parcel located in an R-1, R-1 A, R-2, or R-3 district, provided that it meets all of the following requirements: a. The parcel contains at least one (1)whole platted lot,platted prior to August 7, 2001; b. The parcel, or assemblage of platted parcels which individually meet the requirements of paragraph a. above, has a frontage of not less than fifty (50) feet, and a lot area of not less than five thousand(5,000) square feet(irregular, other than rectangle-shaped lots with less than five thousand(5,000) square feet of area may be developed if in conformance with all other lot regulations); c. All such parcels, when developed, shall comply with all provisions of the Land Development Regulations and applicable building code regulations, including without limitation sections of the building code regulations regarding the impact of construction and drainage on or to adjacent properties. -- N 2. R-2 District. Within R-2 districts, in subdivisions platted prior to the effective date of these Regulations, where the platted lots have a frontage of at least forty (40) feet but less than fifty (50)feet,the following rules shall apply: a. A detached single-family dwelling may be constructed on any such parcel,provided that the parcel contains at least one (1)whole platted lot. b. A duplex dwelling may be constructed on any parcel,provided that it meets the following requirements: (1) The parcel contains at least two (2)whole platted lots; (2) Property cannot be acquired from adjacent parcels so as to make the subject parcel conforming, without causing the adjacent parcels to become nonconforming or more nonconforming. c. For any parcel, lot, or combination of lots, where the total frontage is equal or greater than one hundred twenty (120)feet, and the total area is greater than twelve thousand(12,000) square feet, said property shall not be developed except in accordance with the minimum frontage and lot area required in the R-2 zoning district. d. Ownership of parcels shall be determined by the property tax rolls on file in the Palm Beach County Property Appraiser's Office as of the effective date of these Regulations. 3. R-I AA District. A detached single-family dwelling may be constructed on any parcel located in an R-1 AA district,without requiring a variance,provided that it meets the following requirements: a. The parcel contains at least one (1)whole platted lot. b. The parcel has a frontage of not less than sixty (60) feet,and a lot area of not less than six thousand, seven hundred fifty (6,750) square feet in area. c. It would not be possible to acquire property from adjacent parcels so as to make the subject parcel conforming,without causing the adjacent parcels or structures thereon to become nonconforming or more nonconforming. For any parcel or lot, or combination of lots under the same ownership, where the total frontage and the total area is equal to or greater than that which is required by the R-IAA district building and site regulations, said property shall not be developed except in accordance with the minimum frontage and lot area required in the particular zoning district. Not more than one (1)parcel or lot, or combination of lots under the same ownership,that is nonconforming but which meets the requirements under b. above may be developed for a single- family house. ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 1 of 3 Sec. 2. Standards. A. General. 1. Rules and Methodology. a. Parking space requirements shall be computed on the basis of the principal use of a structure or lot, and using gross floor area unless stated otherwise in this article. Gross floor area, for the purposes of this subsection, shall include the floor area occupied by the principal use,plus the floor area occupied by all other enclosed spaces, including but not limited to storage rooms,maintenance and mechanical rooms, offices, lounges, restrooms, lobbies, basements, mezzanines, and hallways. b. Where several principal uses exist in one (1) structure or on one (1) lot,parking space requirements shall be computed separately for each principal use,unless stated otherwise in this article. Where parking spaces are required in this article for each of several principal uses that commonly occur together,this is done for the purpose of clarification only, and shall not limit the application of the requirement contained in this paragraph. c. A use shall be considered a principal use, for the purposes of this subsection, if it could exist separately from all other uses in the same structure or on the same lot, and would by itself generate significant parking demand. d. Where several principal uses exist in one (1)building or part of a building, and the floor area of each principal use cannot be clearly delineated,the parking space requirement for the use requiring the greatest number of parking spaces shall apply. e. Where a use is not listed below, parking space requirements shall be determined by the City Commission after review and recommendation by the Director of Planning and Zoning or designee. f. Where the number of required parking spaces as computed includes a fraction,the number of required parking spaces shall be the computed number rounded to the next highest whole number. g. Except as provided in Section 3.E. below,there shall be provided, at the time of the erection of any structure or establishment of any use, a number of off-street parking spaces in accordance with the following minimum requirements,and subject to the parking requirements of this subsection. Where a structure or use is enlarged or increased in capacity by any means, including a change in building occupancy which requires the provision of additional parking spaces, or a change in use to or which requires additional parking spaces,the minimum number of parking spaces shall be computed by applying these requirements to the entire structure or use. 2. Minimum Number of Required Off-Street Spaces for Non-Residential Uses. No fewer than four(4)parking spaces shall be provided for any non-residential use. 3. Location of Off-Street Parking Areas. a. Residential. Required parking spaces for all dwellings shall be located on the same lot as the dwelling to be served. b. Non-residential. Required parking spaces for all non-residential uses shall be owned by the owner of the building or lot to be served,and shall be located on the same lot, or not more than three hundred(300) feet distance,unless the property is located within those areas defined within the adaptive re-use section of the Code (Chapter 4, Article 5, Section 4). In those areas, required parking spaces may be leased within three hundred(300) feet of the use in which they serve, subject to Board and City Commission approval,and the property shall be posted with signage indicating to patrons the location of the leased parking. B. Table 4-17. Residential and Lodging Uses. Residential and Lodging Uses Standard Number of Required Parking Spaces http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 2 of 3 Building area size is based upon gross floor area(in square feet)unless specifically expressed otherwise. Single-family,duplex dwelling,or mobile home: 21 Efficiency or one (1)-bedroom apartment: 1.5 1,2 Within mixed use high district: 1.332 Two (2) or more bedroom apartment: 21,2 Within mixed use high district: 1.661'2 Dormitories: 1 per unit Hotel&motel units containing one (1)-bedroom: 1.25 per unit Within mixed use high district: 1 per unit Hotel& motel suite containing two (2) or more 2 per unit bedrooms: Within mixed use high district: 1 per unit Group home(types 1 through 4): 1 per 3 beds Bed&breakfast: 13 Live/work unit: 1 per 2 units4 1 Residential driveways shall satisfy the parking space requirements for single-family detached dwelling units, duplexes, and multi-family dwelling units containing garages,provided such driveways are of sufficient size to meet the parking space requirements of this subsection. A residential driveway of sufficient size shall be provided prior to the issuance of a certificate of occupancy. For all required parking spaces not located within an enclosed garage, the first parking space shall be the minimum size required for a handicap space, exclusive of public or private rights-of-way, and all other required spaces must be dimensioned in accordance with current city standards. All driveways shall be setback at least two (2) feet from interior side and corner side property lines, and maintained and drained so as to prevent nuisance conditions or a danger to the public and/or adjacent property owners. Any expansion to an existing driveway shall require a zoning permit from the Planning and Zoning Division in accordance with the procedures specified in Chapter 2,Article II, Section S.B.; however, any driveway expansion(or similar impervious surface)that is equal to or greater than eight hundred(800) square feet shall require the approval of a land development permit in accordance with Chapter 2, Article III, Section 3. Any work, such as a driveway,proposed within the swale (right-of-way) shall require a permit from the Engineering Division in accordance with the procedures specified in Chapter 2, Article III, Section 4. 2 Guest parking shall be provided at a rate of 0.15 spaces per unit for residential developments consisting of three (3)or more dwelling units. 3 Required parking shall be calculated on the basis of one (1) space per each employee, manager, or owner and one (1)parking space for each guest unit. Newly created parking may be located only in the rear and side yard. http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 3 of 3 4 In addition to the required parking for the residential unit,the city requires that one (1) parking space per two (2) live/work units be provided to meet business activity needs. Parking provided to meet this requirement shall be located on the lot,built into or under the structure, or within three hundred (300) feet of the unit in which the use is located. The distance shall be a straight line measurement from a point on the boundary line of the property of the subject unit to the closest boundary line of the property on which the parking is located. Parking provided to accommodate said space, including driveways of adequate depth in front of the unit's garage, shall not serve as meeting required parking for the unit's residential use. http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... 1/8/2015 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting In reporting the results ofa 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 substantive content ofa 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 a 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 RULE 2-2 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. An appraiser may use any other label in addition to, but not in place of, the labels set forth in this Standards Rule for the type of report produced. The use of additional labels such as analysis, consultation, evaluation, study, or valuation does not exempt an appraiser from adherence to USPAP. The report content and level of information requirements in this Standards Rule are minimal for each type of report.An appraiser must supplement a report form, when necessary, to insure that any intended user of the appraisal is not misled and that the report complies with the applicable content requirements. (a) The content of an appraisal report must be appropriate for the intended use or the appraisal and, at a minimum: (i) state the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client's request but is retained in the appraiser's workfile; (ii) state the identity ofany other intended users by name or type; (iii) state the intended use of the appraisal; (iv) contain information, documents, and/or exhibits sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (v) state the real property interest appraised; (vi) state the type and definition of value and cite the source of the definition; (vii) state the effective date of the appraisal and the date of the report; (viii)summarize the scope of work used to develop the appraisal; ()x) summarize the extent of any significant real property appraisal assistance; SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting (x) provide sufficient information to indicate that the appraiser complied with the requirements of STANDARD I by: (1) summarizing the appraisal methods and techniques employed; (2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed; (3) summarizing the results of analyzing the subject sales, options, and listings in accordance with Standards Rule 1-5; (4) stating the value opinion(s) and conclusions(s); and (S) summarizing the information analyzed and the reasoning that supports the analyses opinions, and conclusions, including reconciliation of the data and approaches; (xi) state the use of th real estate existing as of the effective date and the use of the real estate reflected in the appraisal; (xii) when an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; (xiii) clearly and conspicuously: • state all extraordinary assumptions and hypothetical conditions, and • state that their use might have affected the assignment results, and (xiv)include a signed certification in accordance with Standards Rule 2-1. STANDARDS R ULE 1-5 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; b) analyze all sales of the subject property that occurred within the three(3) years prior to the effective date of the appraisal. 475.611 Florida Statutes: Definitions.- (1) As used in this part, the term: (a) "Appraisal"or"Appraisal Services" means the services provided by certified and 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 95,11(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. 11111111101111111111111110 C:FN 20130439576 CIR BX 26371 PG 143 RECORDED 10/07/2013 11:39:32 Pals Beach County, Florida AMT 4,001.08 Doc Stamp 28.70 Sharon R. Bock,CLERK 8 COMPTROLLER Pgs 1432 - 1433; (2pgs) if�Q �J l�QQ LJ ® QUIT CLAIM DEED 0 Prepared By: Return To: Mail Tax Bills To: JOHN SMITH RDS GROUP,LLC ZEVEL,LLC 333 WESTCHESTER AVE 22028 FORD ROAD 4828 LOOP CENTRAL DRIVE SOUTH BUILDING,STE 206 DEARBORN,MI 48127 HOUSTON,TX 77081 WHITE PLAINS,NY 10604 Q d 27th day of September, 2013 KNOW ALL MEN BY THESE PRESENTt CR CAPITAL GROUP, LLC whose address is 333 Westchester Avenue, South Building, #206,White Plains, NY 10604, (herein called GRANTOR and ZEVEL, LLC, (herein call ANTEE)whose mailing address is, 4828 Loop Central Drive, Houston,TX 77081. For he sum of Four Thousand One and 08/100 Dollars ($4,001.08)the receipt of which is here owledged, have given,granted, remised, released and forever quitclaimed, unto the Grantee,the following real estate situated in the County of Palm Beach, and State of Florida, more particularly described as follows: CHERRY HILLS BOYNTON,THE EAST 8.34 FEET OF LOT 292, LOT 293 AND THE WEST 8.33 FEET OF LOT 294,ACCORDING TO THE PLAT THEREOF,AS RECORDED IN PLAT BOOK 4, PAGE 58, OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA PROPERTY ADDRESS: 514 NW 11T"AVENUE, BOYNTON BEACH, FL 33435 Prior Deed Ref: recorded on 07/06/2012 BOOK 25311 PAGE 1784 1 Book26371/Pagel 432 Page 1 of 2 0 WITNESS' CR CAPITAL GROUP, LLC DONNAS VEY ARK RV IN P L L.KENDRICK,Member RDS GROUP, C,its Attorney-in-fact Q RECORDED 03/20/2013 LIBtR 50625 PAGE 53858 p WAYNE COUNTY,MI STATE OF MICHIGAN �f 0 COUNTY OF WAYNE Before me, a notary public inn or 'd county and state, personally appeared the above-named PAUL L. KENDRICK, Member RDS GROUP, LLC,Attorney-in-fact, for CR CAPITAL GROUP, LLC,who acknowledged that he/she/they did sign the foregoing instrument, and that the same is his/her/their free act and deed individually and such officer. In testimony whereof, I have hereunto set my hand and affixed my official seal this 27th day of September, 2013. AMAL S KASSEM "Jour j,?U'LIi•it cigar "VOTARY PUBLIC Wayne County My Comm,Expires uc:,ember23,2015 2 Book26371/Pagel433 Page 2 of 2 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 perform 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 perform 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. 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 coMleted 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) 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(200 1) 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) 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 F1a.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 ofthe 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) SEMINAR(AI) - 3 Hours "Airport Appraisals) (01/25/2019) SEMINAR(AI) 4 Hours"Understanding an Investigation by a State Appraiser Regulatory Board or Agency(5/17/2019) SEMINAR(AI) The 50%FEMA Appraisal Rule(8/23/2019) COURSE (BR) 14 Hours Required Education(8 hrs.Specialty Education;3 hrs.Core Law,3 hrs.Business Ethics(9.3.2019) SEMINAR(AI) Artificial Intelligence,AVMs,andBlockchain:Implications for Valuation. (1/24/2020) SEMINAR(AI) Solving Highest&Best Use Puzzles(6/23/2020) COURSE(AI) 7-Hour National USPAP 2020-2021 Update Course(6/30/2020) SEMINAR(AI) - Trial Components:Recipe for Success or Disaster(7/28/2020) 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 24,2001. 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 L) 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 I of 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:vanceval(a,att.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 perform 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 C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)PROFESSIONAL DEVELOPMENT PROGRAM REGISTRIES Valuation of Sustainable Buildings: Cormnercial Valuation of Sustainable Buildings: Residential E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. F)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, 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 Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 2 of G)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 Farm 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 Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney Hl EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: 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) -Powerhnes/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) 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) 3 of4 H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) -Mediation&Alternate Dispute Resolution Seminar(200 1) 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 Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Workfile(2013) 4 of H)EDUCATIONAL BACKGROUND(Continued) 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) SEMINAR(Al) -Technology Tips for Real Estate Appraisers(2018) SEMINAR(Al) -Residential&Comnnercial Valuation of Solar&passed exam(2018) SEMINAR(Al) -Airport Appraisals(2019) SEMINAR(Al) -Practical Applications in Appraising Green Commercial Properties&passed exam(2019) D 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 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) 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 Page 1 of 4 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 08434521140002921 Property Address 514 NW 11TH AVE Search performed by Bonnie Nicklien of Individuals(Florida)on Jan 6, 2021 at 09:22:46 A.M. PST Tracking Number: 1866078 Access PIN: 32996 (ITEM 1 of 11) Code Enforcement Case Number 09-00001482 Date Opened 05/14/2009 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 2 of 11) Code Enforcement Case Number 17-00000124 Date Opened 01/19/2017 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 3 of 11) Code Enforcement Case Number 18-00001246 Date Opened 05/29/2018 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.netassets.net/messaging.html ` 1 Page 2 of 4 City of Boynton Beach Interest In Real Property (ITEM 4 of 11) Code Enforcement Case Number 18-00002967 Date Opened 12/04/2018 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 5 of 11) Code Enforcement Case Number 19-00001130 Date Opened 05/31/2019 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 6 of 11) Code Enforcement Case Number 20-00000263 Date Opened 01/23/2020 Case Type PN -PUBLIC NUISANCE 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.netassets.net/messaging.html ` 1 Page 3 of 4 City of Boynton Beach Interest In Real Property (ITEM 7 of 11) Code Enforcement Case Number 20-00002643 Date Opened 10/15/2020 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 8 of 11) Mowing and Maintenance Resolution Number R12-003 Lien Number Original Invoice $4,233.41 Resolution Adopted ' 01/03/2012 Amount Due on 01/31/2021 $7,310.23 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 9 of 11) Mowing and Maintenance Resolution Number R18-166 Lien Number 18-1246 Original Invoice $488.09 Resolution Adopted 11/20/2018 Amount Due on 01131/2021 $573.99 For compliance please contact the City Clerk 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.netassets.net/messaging.html ` 1 Page 4 of 4 City of Boynton Beach Interest In Real Property (ITEM 10 of 11) Mowing and Maintenance Resolution Number R19-116 Lien Number ' 18-2967 Original Invoice $638.09 Resolution Adopted ' 11/05/2019 Amount Due on 01/31/2021 $701.44 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 11 of 11) Mowing and Maintenance Resolution Number R19-116 Lien Number ' 19-1130 Original Invoice $538.09 Resolution Adopted ' 11/05/2019 Amount Due on 01/31/2021 $591.52 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. 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. SERVICE FEE FOR THIS REPORT PAID IN FULL: $115 This staterrent is furnished at the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or employees assurTtf,:-, no responsibility or liability whatsC3f,:-,'Vf,:-,r for thf,:-,authenticity or correctness of thf,:-, mai{:f,:-,rs sf,:-,t 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.netassets.net/messaging.html 41 TITLE SEARCH REPORT Fund File Number: 970832 The information contained in this title search is being furnished by Attorneys'Title Fund Services, LLC. If this report is to be used by a title insurance agent for evaluation and determination of insurability by the agent prior to the issuance of title insurance, then the agent shall have liability for such work. Provided For. Lewis Longman&Walker, P.A. Agent's File Reference: BBCRA/Tax Deeds After an examination of this search the Agent must: A. Evaluate all instruments,plats and documents contained in the report. B. Include in the Commitment under Schedule B, any additional requirements and/or exceptions you find necessary from your analysis of the surveys,prior title evidence or other relevant information from the transaction. C. Verify the status of corporations and limited partnerships and other business entities with the appropriate governmental agency or other authority. D. Determine whether the property has legal access. E. Determine if any unpaid municipal taxes or assessments exist, which are not recorded in the Official Records Books of the county. F. Determine whether any portion of the property is submerged or artificially filled, if the property borders a body of water, and if riparian or littoral rights exist. G. The information provided herein does not include a search of federal liens and judgment liens filed with the Florida Department of State pursuant to Sec. 713.901, et seq., F.S., and Sec. 55.201, et seq., F.S., respectively, which designate the Florida Department of State as the place for filing federal liens and judgment liens against personal property. For insuring purposes: (a) Pursuant to Sec. 713.901, et seq., F.S., personal property includes, but is not limited to, mortgages, leaseholds, mortgages on leaseholds, interests in cooperative associations, vendees'interests, and options when those interests are held by a partnership, corporation, trust or decedent's estate; and (b) Pursuant to Sec. 55.201, et seq., F.S., personal property includes, but is not limited to, leaseholds, interests in cooperative associations, vendees' interests, and options regardless of the type of entity holding such interests, including individuals. (Note: Mortgages have been specifically excluded from the personal property interests in which a judgment lien may be acquired under the provisions of Sec. 55.201, et seq., F.S.) Prepared Date:November 12, 2020 Attorneys'Title Fund Services,LLC Prepared by: Patricia Credit-Jones, Examiner Phone Number: (800) 515-0155 x6414 EmailAddress: peredit.]ones@thefund.com 01394913-1 Rev. 12/10 Page 1 of 5 TITLE SEARCH REPORT Fund File Number: 970832 Effective Date of approved base title information: October 14, 2004 Effective Date of Search: October 28, 2020 at 11:00 PM Apparent Title Vested in: Zevel, LLC Description of real property to be insured/foreclosed situated in Palm Beach County, Florida. The East 8.34 feet of Lot 292, Lot 293 &the West 8.33 of Lot 294, Cherry Hills Boynton, according to the plat thereof as recorded in Plat Book 4,Page 58,Public Records of Palm Beach County, Florida. Muniments of Title, including bankruptcy,foreclosure, quiet title,probate,guardianship and incompetency proceedings, if any, recorded in the Official Records Books of the county: 1. Warranty Deed from Gilbert Sanchez to Justin Reiland,recorded October 14, 2004 in O.R. Book 17634,Page 1041,Public Records of Palm Beach County, Florida. 2. Foreclosure proceedings under Case No. 2009-CA-039814 as evidenced by Lis Pendens in O.R. Book 23576,Page 1938, Final Judgment in O.R. Book 24060,Page 1285, Certificate of Title in favor of U.S. Bank National Association, as Trustee for Homebanc Mortgage Trust 2004-2 Mortgage Backed Notes, Series 2004-2 recorded in O.R. Book 24993, Page 1575. Also see the following Books and Pages: O.R. Book 17634, Page 1042; O.R. Book 22342, Page 1291; O.R. Book 23677,Page 60. (Docket attached) 3. Special Warranty Deed from US Bank National Association, as trustee for Homebanc Mortgage Trust 2004-2 Mortgage Backed Notes, Series 2004-2 to CR Capital Group, LLC, a New York limited liability company,recorded July 6, 2012 in O.R. Book 25311,Page 1784, Public Records of Palm Beach County, Florida. 4. Quit Claim Deed from CR Capital Group, LLC to Zevel, LLC,recorded October 7, 2013 in O.R. Book 26371,Page 1432,Public Records of Palm Beach County, Florida. 5. Notice of Application for Tax Deed recorded in O.R. Book 31678.Page 271,Public Records of Palm Beach County, Florida. Mortgages,Assignments and Modifications: 1. Nothing Found Other Property Liens: 1. Tax Sale Certificate No. 2014:14452 sold for 2013. 2. Tax Sale Certificate No. 2015:13332 sold for 2014. 3. Tax Sale Certificate No. 2016:13461 sold for 2015. 01394913-1 Rev. 12/10 Page 2 of 5 TITLE SEARCH REPORT Fund File Number: 970832 4. Tax Deed Application No. 2014:13237 sold for 2017. 5. Tax Sale Certificate No. 2018:12581 sold for 2017. 6. Tax Sale Certificate No. 2020:11878 sold for 2019. 7. General or special taxes and assessments required to be paid for the year(s)2020. 8. Resolution No. R12-003 recorded in O.R. Book 25008,Page 1256,Public Records of Palm Beach County, Florida. 9. Resolution 18-166 recorded in O.R. Book 30569, Page 966, Public Records of Palm Beach County, Florida. 10. Resolution No. R19-079 recorded in O.R. Book 31078.Page 426,Public Records of Palm Beach County, Florida. 11. Resolution No. R19-116 recorded in O.R. Book 31257.Page 983,Public Records of Palm Beach County, Florida. Restrictions/Easements: 1. Rights of the lessees under unrecorded leases. 2. All matters contained on the Plat of Cherry Hills, as recorded in Plat Book 4,Page 58,Public Records of Palm Beach County, Florida. 3. Despite any language herein to the contrary, this product may not be used for the issuance of a Title Commitment or Policy without prior approval from The Fund's Underwriting Department. 4. Pursuant to the Coronavirus Aid, Relief and Economic Security Act of 2020 ("CARES Act") as extended, a moratorium on residential foreclosures for borrowers of federally backed 1-4 family mortgage loans was issued. In addition, Executive Order 20-94 issued by the Governor places a moratorium on foreclosures and has also been extended. For insuring title involving a foreclosure action in which the certificate of title or writ of possession was issued after March 18, 2020,the agent must obtain authorization from Fund Underwriting. Other Encumbrances: I. Nothing Found REAL PROPERTY TAX INFORMATION ATTACHED Proposed Insured: Boynton Beach Community Redevelopment Agency 01394913-1 Rev. 12/10 Page 3 of 5 TITLE SEARCH REPORT Fund File Number: 970832 A 20 year name search was not performed on the proposed insured It is the agent's responsibility to obtain a name search if a loan policy to be issued based on this product is other than a 100%purchase money mortgage. STANDARD EXCEPTIONS Unless satisfactory evidence is presented to the agent eliminating the need for standard exceptions, the following should be made apart of any commitment or policy. 1. General or special taxes and assessments required to be paid in the year 2020 and subsequent years. 2. Rights or claims ofparties in possession not shown by the public records. 3. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. 4. Easements or claims of easements not shown by the public records. 5. Any lien, or right to a lien,for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any owner policy issued pursuant hereto will contain under Schedule B the following exception: Any adverse ownership claim by the State of Florida by right of sovereignty to any portion of the lands insured hereunder, including submerged,filled and artificially exposed lands, and lands accreted to such lands. 7. Federal liens and judgment liens, if any,filed with the Florida Department of State pursuant to Sec. 713.901, et seq., F.S., and Sec. 55.201, et seq., F.S., respectively, which designate the Florida Department of State as the place for filing federal liens and judgment liens against personal property. For insuring purposes: (a) Pursuant to Sec. 713.901, et seq., F.S., personal property includes, but is not limited to, mortgages, leaseholds, mortgages on leaseholds, interests in cooperative associations, vendees' interests, and options when those interests are held by a partnership, corporation, trust or decedent's estate;and (b) Pursuant to Sec. 55.201, et seq., F.S., personal property includes, but is not limited to, leaseholds, interests in cooperative associations, vendees'interests, and options regardless of the type of entity holding such interests, including individuals. (Note: Mortgages have been specifically excluded from the personal property interests in which a judgment lien may be acquired under the provisions of Sec. 55.201, et seq.,F.S.) 8. Any lien provided by County Ordinance or by Chapter 159, Florida Statutes, in favor of any city, town, village or port authority,for unpaid service charges for services by any water systems, sewer systems or gas systems serving the land described herein; and any lien for waste fees in favor of any county or municipality. 01394913-1 Rev. 12/10 Page 4 of 5 TITLE SEARCH REPORT Fund File Number: 970832 The report does not cover bankruptcies or other matters filed in the Federal District Courts of Florida. In foreclosure proceedings, title should be examined between the effective date of this report and the recording of the lis pendens to assure that all necessary and proper parties are joined. Consideration should be given to joining as defendants any persons in possession, other than the record owner, and any parties, other than those named herein, known to the plaintiff or the plaintiffs attorney and having or claiming an interest in the property. Prior to issuance of any policy of title insurance underwritten by Old Republic National Title Insurance Company, the agent must obtain and evaluate a title search for the period between the effective date of this Title Search Report and the recording date(s) of the instrument(s) on which the policy is based. If this product is not used for the purpose of issuing a policy, then the maximum liability for incorrect information is$1,000. Note: The Agent is responsible for obtaining underwriting approval on any commitment prepared from this product in the amount of$1,000,000.00 or more. 01394913-1 Rev. 12/10 Page 5 of 5 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 NEW BUSINESS AGENDAITEM: 16.A. SUBJECT: Dewey Park Light Installation SUMMARY: Pursuant to the Board Chair's request, CRA staff is presenting information on what it would cost to have permanent lights installed on the Banyan trees located at Dewey Park. Holiday Lighting Designs, Inc. has provided two proposal (Attachment I & Attachment II) that outline available options for the purchase, installation, and maintenance of a permanent light installation. Purchase and Installation Costs • Option 1 -Standard LED Lights • Wrap both Banyan tree trunks and branches with 252 sets of standard LED lights. • 252 sets of LED lights at$35 each for a total of $8,820. • Equipment fee (bucket truck)at$250 per tree for a total of $500. • A 90-day warranty is available for the lights and labor maintenance; after warranty expires it is $75/hour per service call, plus the cost of any replacement parts. • Please note: "Due to the growth rate of these trees we will need to re-wrap them every six months, at an additional costs of $7.25/per set for a total of $1,827. Replacement strands are available at$35/each. • These LED lights are not intended for year round use. However, the provider stated that they have customer who use them year round. • Total amount due for installation - $9,320, plus $1,827 every six months for re- wrapping. • Option 2 - Expandable* LED Lights • Wrap both Banyan tree trunks and branches with 252 sets of standard LED lights. • 252 sets of LED lights at$43 each for a total of $10,836. • Equipment fee (bucket truck)at$250 per tree for a total of $500. • A one (1) year warranty is available for the lights and a 90-day warranty for the labor maintenance; after warranty expires it is $75/hour per service call, plus the cost of any replacement parts • These expandable* lights are designed to expand with tree growth. o These LED lights are intended for year round use. o Total amount due for installation -$11,336. FISCAL IMPACT: FY 2018 -2019 Budget, Project Fund, Line Item TBD, $5,500, plus maintenance and electrical costs CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: To be determined based on CRA Board discussion. ATTACHMENTS: Description D Attachment I -Standard Lights D Attachment II - Expandable Lights Page 1 of 2 City of Boynton Beach / Dewey Park PERM LED Design Proposal 2021 vY �i r t 1. Light the trunks &branches of(2) Banyan Trees - Heavily spiral the trunks and branches with 252 sets of LED lights total - 252 sets of LED lights @ $35.00 each $8,820.00 -Equipment fee @ $250.00 per tree $500.00 TAX EXEMPT Total Job Cost: $9,320.00 Page 2 of 2 Warranty and Maintenance Program for LED li2htin2 Holiday Lighting will warranty the lighting for a period of 90 days. This shall exclude damage caused by vandalism, landscapers, vehicles, or acts of god. We DO NOT warranty GFI outlets. **** GFI receptacles can,will and should interrupt power to decor or lighting in the presence of water or heavy moisture sometimes caused by rain,fog,dew and sprinklers. Wet decor,lighting,outlets and surrounding areas may take several hours after exposure,and in some cases days,to completely dry before receptacles can be reset and power restored. ****Holiday Lighting Designs is not responsible for GFI outlets. After the warranty expires there will be a $75.00 service call fee per hour plus the cost of any replacement parts. Due to the growth rate of these trees we will need to re-wrap them every six months, at an additional cost. Re-wrapping the tree simply means that we will carefully remove all of the lighting from the tree and re-install all of the same lights again. By doing this you relieve the pressure that is nut on the lighting wire and get the full life of the light. If any sets are not working at the time of the re-wrap, they will be billed at$35.00 each plus tax. Signature of Acceptance: Title: Date: Page 1 of 2 City of Boynton Beach / Dewey Park EXPANDABLE PERM LED Design Proposal 2021 vY �i r t 1. Light the trunks &branches of(2) Banyan Trees - Heavily spiral the trunks and branches with 252 sets of EXPANDABLE lights - 252 sets of LED lights @ $43.00 each $10,836.00 -Equipment fee @ $250.00 per tree $500.00 TAX EXEMPT Total Job Cost: $11,336.00 Page 2 of 2 Warranty and Maintenance Program for LED li2htin2 Holiday Lighting will warranty the lighting for a period of 1 year on Expandable Sets ONLY, and 90 days on labor. This shall exclude damage caused by vandalism, landscapers, vehicles, or acts of god. We DO NOT warranty GFI outlets. **** GFI receptacles can,will and should interrupt power to decor or lighting in the presence of water or heavy moisture sometimes caused by rain,fog,dew and sprinklers. Wet decor,lighting,outlets and surrounding areas may take several hours after exposure,and in some cases days,to completely dry before receptacles can be reset and power restored. ****Holiday Lighting Designs is not responsible for GFI outlets. After the warranty expires there will be a $75.00 service call fee per hour plus the cost of any replacement parts. Signature of Acceptance: Title: Date: 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 NEW BUSINESS AGENDAITEM: 16.13. SUBJECT: Consideration of a 10' Dedication of CRA-owned Properties for the NE 9th Avenue Right-of- Way SUMMARY: The CRA owns two vacant lots, Lot 156 NE 3rd Street (PCN 08434521180001540) and 1001 N. Railroad Avenue (PCN 08434521180001560) located on the north side of NE 9th Avenue, between NE 3rd Street and Railroad Avenue (see Attachment 1). As it currently exists, NE 9th Avenue is the City's standard 40' right-of-way from N. Railroad Avenue west to NE 1 st Street. However, between NE 1 st Street west to N. Seacrest Boulevard, the right-of-way widens to a 50' right-of-way(see Attachment 11). Approval of the 10' dedication will allow the City to expand NE 9th Avenue, at the eastern end, from a 40' right-of-way to a 50' right-of-way (see Attachment III). The widening will help facilitate future development by providing sufficient area for sidewalks and potential on-street parking for commercial use. CRA staff is seeking Board approval for the dedication of a 10' portion of property from each lot to the City to provide the increased width for the NE 9th Avenue right-of-way, as indicated in the attached survey and supported by the CRA Redevelopment Plan. FISCAL IMPACT: FY 2020-2021 Budget, Line Item 02-58200-406, approximately$3,500 title cost& survey CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan-Heart of Boynton District CRA BOARD OPTIONS: 1. Approve the dedication of the southern 10' portion of the two CRA-owned properties, Lot 156 NE 3rd Street (PCN 08434521180001510) and 1001 N. Railroad Avenue (PCN 08434521180001560), located on the north side of on NE 9th Avenue between NE 3rd Street and Railroad Avenue, to the City of Boynton Beach for the NE 9th Avenue right- of-way. 2. Do not approve the dedication of the southern 10' portion of the two CRA-owned properties, Lot 156 NE 3rd Street (PCN 08434521180001510) and 1001 N. Railroad Avenue (PCN 08434521180001560), located on the north side of on NE 9th Avenue between NE 3rd Street and Railroad Avenue, to the City of Boynton Beach for the NE 9th Avenue right-of-way. 3. Provide CRA Staff with alternative direction as determined by the CRA Board. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -Street Map D Attachment III -Survey 10' Dedication to NE 9th Ave ROW �4 + �F I � n r � a J �F" ua I n � LU N u 0 LLI i r R IN MEMO C� r. -- �, �I SI 1 t �t 5 , � r y , s 4is i,,us UiID, LU s� i �Y t, �Y G i v t, t�l\f,i: rs sstda„ i��2c:rs ;;�(� [1��i if�iittri tsytit}}i .� } d j� ( se iom moiieziao n m�uni�iaa A3N3VV1N3WdOl3A3a3u m*�m�wqeseirees 2c"o �,m�a,wa E�10),�]A2jns MnWWO3 HOV38 NO1NAOS HOJua33aomuanans ivmoiss3d 3f1N3/�V Hl6 3N D777NSdat�i.<� Od01(INV31f102J a��ns��ai�a �asei sae asona��a 31 -- - - -- -ate- - ---- - - -� - _��.aamwa�,wx�LL��,oa��aHma�ama�E��,��aaa�,aaoamm� - -- am pNQ ls alb om ..gN)HJ�W lgg��s b rO ¢ H I . J rc w lb � 0 3 o O O n - - E �3 NI O O za W� o, 21 EP om n �a al W m. I ED _ � o I# - o _ o ill www �_ ao� I4a¢o � j Z(n U W mJa � �R 00 O� 3 00 R o A rn 000000�""�eao�,tled.d Zo�(Pbs�d LLLtl9 d)o s31e1sF amO Aa1NnOO HPe�a wied d j0 Z se nom moieezlao n��uoi�eaa A3N3VVIN3WdOI3A3a3u ALMnWWOO HOV38 NO1NAOS HOJ mrm mrm gree >e unv3e ai3i+a33a owddvw amv omuanans ivmoiss3doad 3 f1 N3AV H16 3N s ezo-se D777NShclj�i.1,41 - 13N5 3 d0 A3A2Jf1S Od01 ONV 31f102J a 0l Y �bM7/b'j IEVOj IEV �e^d oe0a > 3 VG/&07j ail b pb �✓ Se I n z H �a — f I " p, J ,. I x(1111 x 3 O " I S xY� dY� O lzm m'y+oi i NI I<o I o zo a �- O Z� o s - Q - ¢ rn l W °` %,3l 0 r - L 0 0 — " off I Wo I I �m H d 1 -q � la ry I 3 j r " R m S x 1�9 s p Ia j) s N of a _ o m_ Ix o NE _„ fae a M 3,os - a e�Nvlraaesnv _ al (ee `a oe M tl 0 I { o ON B N _ 3 _4W £3 II o -- ..b• 1< bh' " 9ef1 d H 'S S �o 9oi - hsa r a $r of N I I I z O {�z x I I 1 •8, S I \Sn'nHSS H'1 N 1 rynH'1 y� 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 NEW BUSINESS AGENDAITEM: 16.C. SUBJECT: Discussion and Consideration of a Palm Beach County Land Available Sale for the Vacant Lot located at 545 NW 11 th Avenue SUMMARY: The vacant lot located at 545 NW 11 th Avenue is currently a Lands Available property that is available for purchase through the Palm Beach County Clerk's office (see Attachment 1). Acquiring property via Lands Available process is a different process from a Tax Deed Sale. The lot can be purchased directly from the Palm Beach County Clerk's office in the amount of $21,914.95 (see Attachment 11). An appraisal was not performed on the property due to a time restraint during the holidays. The Palm Beach County Property Appraiser valued the land in 2020 at $30,000 (see Attachment 111). CRA conducted the attached City lien search (see Attachment IV). The property has several City maintenance liens totaling approximately $14,300.00. There is also an outstanding water bill due in the amount of $2,128.95 (see Attachment V). CRA staff has ordered a title search which is not yet available. If the results of the title search reveal problematic issues as determined by legal counsel, the item will be brought back to the Board for further discussion. If purchased, the CRA could develop the property into affordable housing. FISCAL IMPACT: FY 2020-2021 Budget, Project Fund, Line Item #02-58200-401, $21,914.95 or as determined by C RA Board CRA PLAN/PROJECT/PROGRAM: 2016 Community Redevelopment Plan - Heart of Boynton CRA BOARD OPTIONS: 1. Approve the purchase of the vacant property located at 545 NW 11th Avenue from the Palm Beach County Clerk in the amount of $21,914.95, subject to the CRA's attorney review of the title search and direct staff to request reductions in the City liens. 2. Do not approve the purchase of the vacant property located at 545 NW 11 th Avenue. 3. Other options to be determined by the Board. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II - PB Clerk's Verification of Cost D Attachment III - PAPA Land Value D Attachment IV -City Lien Search D Attachment V - Utility-Outstanding Water Bill r! u , };r i e L at o i }, w K� n! s r-7 a i, 3 C rC c'a T. < IL Z L } ro t � m d Y _ d � D 71 rower 5v.vrm.'uae'z+'.u'nazew'r�+s*auwe rtet�u ,tsne�mvvn��rvau�uw,w,�.r.,s,uiur-r— xs�aruzesw.tw.aaurvs+�rwmt�nrz'��..rcuura�n,�w,rr,-srwu`-ec•'- 'n'� REQUEST FOR LANDS AVAILABLE INFORMATION CUSTOMER IS TO COMPLETE THE DATE AND 1 THROUGH 7 DATE: 12/11/2020 1. CERTIFICATE NUMBER:2006:11213 2. PROPERTY CONTROL NUMBER:08-43-45-21-14-000-3580 3. CALCULATION FOR MONTH OF:January 2021 4. CERTIFICATE HOLDER:RICHARD III LLC • 5. TAX DEED SALE DATE: 10/17/2018 ESCHEAT DATE: 10/17/2021 SHARON R. BOCK 6. APPLICATION DATE:9/29/2011 7. CONTACT NAME&NUMBER:THERESA UTTERBACK,BB CRA 561-600-9094 Clerk&Comptroller Palm Beach County FOR INTERNAL USE ONLY INTEREST ACCRUED FROM SALE DATE MONTHS @1.5% ............................................... Tax A JTotal Omitted Taxes Year Yes/No Net Tax Interest Fees TOW ---------- 2010 $ 3,790.87 2011 Paid Written off $ 2012 .1-Paid Written off $ 2013 No $ 532.64 $ 159.79 $ 6.25 $ 698.68 2014 No S 404.14 $ 263.03 $ 6.25 $ 673.42 2015 No $ 363.75 $ 109.13 $ 6.25 $ 479.13 2016 No $ 244.68 $ 159.25 S 6.25 $ 410.18 2017 No $ 262.02 $ 125.77 $ 6.25 $ 394.04 2018 No $ 286.25 $ 94.47 380.72 2019 No $ 31935 $ 47.90 $ 367.25 2020 No $ �387�.45 387.45 HOMESTEAD ON LATEST TAX ROLL:Yes No(X) IF YES,ASSESSED VALUE ON LATEST TAX ROLL:$Enter value if applicable COMPLETED BY:Ann Supreme,TAX COLLECTOR CHECKED BY: Enter name,TAX COLLECTOR Tax Deeds & Foreclosure CASHIER'S CHECK PAYABLE TO SHARON R BOCK CLERK&COMPTROLLER -F :5 1 V Department 15 � .b /7, 205 N. Dixie Hwy,, Rm. 3.2300 RECORDING FEES DOC STAMPS HOMESTEAD AMT NON-PBC-CERT CHECK AMOUNT West Palm Beach, FL 33401 CASHIER'S CHECK PAYABLE TO TAX COLLECTOR PALM BEACH COUNTY P.O. Box 484 7 7[ j 95 West Palm Beach, FL 33402 OMITTED TAX PBC CERT CHECK AMOUNT Tax Deeds Phone. 561-355-2962 Foreclosures Phone: 561-355-2986 /y, qs- Fax Number: 561-355-7060 www.mypaimbeachelerk.com PAPA Banner Location Address 545 NW 11TH AVE Municipality BOYNTON BEACH Parcel Control Nun )er 08-43-45-21-14-000-3580 Sul vision CHERRYHILLS Official Records Boob Page Sale Date Legal Description CHERRY HILLS LTS 358&359 Owners -- Mailing address HURRAY J& 545 NW 11TH AVE HURRAY WILLIE MAE BOYNTON BEACH FL 33435 3052 No Sales Information Available. No Exemption Information Available. *Total SquareNun )er of Units 0 Peet 0 Acres 0.1169 Use Code 0000-VACANT Zoning R2-R2 DUPLEX, 10 DU/AC(08- BOYNTON BEACH) Tax Year 2020 2019 2018 Improvement Value $0 $0 $0 Land Value $30,000 $21,000 $20,117'' Total Market Value $30,000 $21,000 $20,117' All values are as of January 1 st each year Tax Year 2020 2019 2018 Assessed Value $12,862 $11,693 $10,630 E xemptionA not $12,862 $11,693 $0 Taxable Value $0 $0 $10,630 Tax Year 2020 2019 2018 Ad Valorem $0 $0 $286 Non Ad Valorem $0 $0 $0''' Total tax $0 $0 $286 Page 1 of 12 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 08434521140003580 Property Address 549 NW 11TH AVE Search performed by Bonnie Nicklien of Individuals(Florida)on Jan 6, 2021 at 02:52:24 P.M. PST Tracking Number: 1866316 Access PIN: 83187 (ITEM 1 of 33) Code Enforcement Case Number 07-00001055 Date Opened 04/25/2007 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 2 of 33) Code Enforcement Case Number 09-00003024 Date Opened 09/18/2009 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 33) Code Enforcement Case Number 10-00001839 Date Opened 06/17/2010 Case Type LIEN-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.netassets.net/messaging.html ` 1 Page 2 of 12 City of Boynton Beach Interest In Real Property (ITEM 4 of 33) Code Enforcement Case Number 11-00000310 Date Opened 02/04/2011 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 5 of 33) Code Enforcement Case Number 12-00001507 Date Opened 08/09/2012 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 6 of 33) Code Enforcement Case Number 12-00002301 Date Opened 11/26/2012 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.netassets.net/messaging.html ` 1 Page 3 of 12 City of Boynton Beach Interest In Real Property (ITEM 7 of 33) Code Enforcement Case Number 13-00000937 Date Opened 05/01/2013 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 8 of 33) Code Enforcement Case Number 13-00001921 Date Opened 08/27/2013 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 9 of 33) Code Enforcement Case Number 14-00000581 Date Opened 05/14/2014 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.netassets.net/messaging.html ` 1 Page 4 of 12 City of Boynton Beach Interest In Real Property (ITEM 10 of 33) Code Enforcement Case Number 14-00002068 Date Opened 09/05/2014 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 11 of 33) Code Enforcement Case Number 15-00001930 Date Opened 08/14/2015 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. (ITEM 12 of 33) Code Enforcement Case Number 16-00000907 Date Opened 05/16/2016 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. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 5 of 12 City of Boynton Beach Interest In Real Property (ITEM 13 of 33) Code Enforcement Case Number 17-00001412 Date Opened 07/25/2017 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 14 of 33) Code Enforcement Case Number 17-00002379 Date Opened 11/22/2017 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 15 of 33) Code Enforcement Case Number 18-00001344 Date Opened 06/14/2018 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.netassets.net/messaging.html ` 1 Page 6 of 12 City of Boynton Beach Interest In Real Property (ITEM 16 of 33) Code Enforcement Case Number 18-00002103 Date Opened 09/12/2018 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 17 of 33) Code Enforcement Case Number 19-00000295 Date Opened 02/06/2019 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 16 of 33) Code Enforcement Case Number 19-00001424 Date Opened 06/25/2019 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.netassets.net/messaging.html ` 1 Page 7 of 12 City of Boynton Beach Interest In Real Property (ITEM 19 of 33) Code Enforcement Case Number 20-00001837 Date Opened 07/30/2020 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 20 of 33) Code Enforcement Case Number 20-00002987 Date Opened 12/02/2020 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 21 of 33) Mowing and Maintenance Resolution Number R12-003 Lien Number Original Invoice $3,285.91 Resolution Adopted 01/03/2012 Amount Due on 01/31/2021 $5,674.09 For compliance please contact the City Clerk 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.netassets.net/messaging.html 41 Page 8 of 12 City of Boynton Beach Interest In Real Property (ITEM 22 of 33) Mowing and Maintenance Resolution Number R12-129 Lien Number ' 12-1507 Original Invoice $498.09 Resolution Adopted ' 12/18/2012 Amount Due on 01/31/2021 $821.89 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 23 of 33) Mowing and Maintenance Resolution Number R13-060 Lien Number ' 12-2301 Original Invoice $493.08 Resolution Adopted ' 07/16/2013 Amount Due on 01/31/2021 $790.93 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 24 of 33) Mowing and Maintenance Resolution Number R14-002 Lien Number 13-937 Original Invoice $418.09 Resolution Adopted 01/07/2014 Amount Due on 01131/2021 $654.60 For compliance please contact the City Clerk 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.netassets.net/messaging.html ` 1 Page 9 of 12 City of Boynton Beach Interest In Real Property (ITEM 25 of 33) Mowing and Maintenance Resolution Number R14-051 Lien Number ' 13-1921 Original Invoice $518.09 Resolution Adopted ' 07/01/2014 Amount Due on 01/31/2021 $791.30 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 26 of 33) Mowing and Maintenance Resolution Number R15-024 Lien Number ' 14-2068 Original Invoice $468.08 Resolution Adopted ' 03/17/2015 Amount Due on 01/31/2021 $688.35 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 27 of 33) Mowing and Maintenance Resolution Number R15-024 Lien Number 14-581 Original Invoice $418.09 Resolution Adopted 03/17/2015 Amount Due on 01131/2021 $614.83 For compliance please contact the City Clerk 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.netassets.net/messaging.html ` 1 Page 10 of 12 City of Boynton Beach Interest In Real Property (ITEM 23 of 33) Mowing and Maintenance Resolution Number R16-024 Lien Number ' 15-1930 Original Invoice $443.09 Resolution Adopted ' 03/16/2016 Amount Due on 01/31/2021 $616.15 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 29 of 33) Mowing and Maintenance Resolution Number R18-035 Lien Number ' 17-1412 Original Invoice $568.09 Resolution Adopted ' 03/06/2018 Amount Due on 01/31/2021 $700.32 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 30 of 33) Mowing and Maintenance Resolution Number R18-083 Lien Number 17-2379 Original Invoice $618.09 Resolution Adopted 07/03/2018 Amount Due on 01131/2021 $745.84 For compliance please contact the City Clerk 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.netassets.net/messaging.html ` 1 Page 11 of 12 City of Boynton Beach Interest In Real Property (ITEM 31 of 33) Mowing and Maintenance Resolution Number R18-166 Lien Number ' 18-1344 Original Invoice $638.09 Resolution Adopted ' 11/20/2018 Amount Due on 01/31/2021 $750.39 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 32 of 33) Mowing and Maintenance Resolution Number R19-044 Lien Number ' 18-2103 Original Invoice $538.09 Resolution Adopted ' 04/16/2019 Amount Due on 01/31/2021 $615.46 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (ITEM 33 of 33) Mowing and Maintenance Resolution Number R19-116 Lien Number 19-295 Original Invoice $688.09 Resolution Adopted 11/05/2019 Amount Due on 01131/2021 $756.41 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. 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. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html 41 Page 12 of 12 City of Boynton Beach Interest In Real Property SERVICE FEE FOR THIS REPORT PAID IN FULL: $115 This staterrient is furnished at the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or ernployees assurne no responsibility or liability whatsoever for the authenticity or correctness of the rnatters 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.netassets.net/messaging.html 41 Tracking Number # 1866316 Location Address 545 NW 11TH AVE Municipality BOYNTON BEACH Parcel Control Number 08-43-45-21-14-000-3580 Subdivision CHERRY HILLS Official Records Book/Page / .......''.........Sale Date Legal Description CHERRY HILLS LTS 358&359 Belot are the responsible parties for tine itropertV.NA ritten off(NA')o- ner balances are still collectable: Customer ID Customer Name Customer Type Account Status Amount Due Initiation[sate Termination Date 154401 MURRAY,WILLIE Ow w 2128.95 01/01/1976 08/04/2011 On behalf of the City of Boynton Beach Utility billing (recognized owners): There is currently a Balance of: $2128.95 Willie Murray 154401-11176 $2128.95 Please make check payable to: City of Boynton Beach/Utilities Department 100 E Ocean Avenue Boynton Beach, FL 33435 NOTEa Active accounts (A) (S) ( with or without balance are subject to change upon new billing cycles and r late fees, payments etc. 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY CRA BOARD M EETING OF: January 12, 2021 NEW BUSINESS AGENDAITEM: 16.D. SUBJECT: Discussion and Consideration of a Tax Deed Sale for the Vacant Lot Located at 104 NW 5th Avenue SUMMARY: CRA staff has identified the residential property located at 104 NW 5th Avenue for sale via the Palm Beach County Tax Collector's Tax Deed Sale system. The current tax lien is $12,615.96 (see Attachment 1). The property is a vacant lot located on the corner of NW 5th Avenue and N. Seacrest Blvd., directly west of the CRA Cottage District Project (see Attachment 11). An appraisal was not performed on the property due to a time restraint during the holidays. The Palm Beach County Property Appraiser valued the land in 2020 at$28,500 (see Attachment 111). CRA staff and legal counsel have conducted a City lien search and a title search on the parcel (see Attachments IV and V). The property has the following City code violations/liens: • Lien case #10-0270 - Lien payoff $109,384.12 - Cited for failure to maintain exterior appearance and structure. Community Compliance has indicated that this lien can be considered for lien reduction process. • Lien case #19-1911 - Lien payoff $68,634.12 - Cited for failure to secure the property. The property was demolished by the City as an unsafe structure. Community Compliance has indicated that this lien can be considered for lien reduction process. • Municipal liens must be paid in full and are not eligible for lien reduction process 18-2763 (R19-079)- $1,086.20 - lot mowing lien -good thru 1/30/21 19-1011 (R19-116)- $1,141.16 - lot mowing lien -good thru 1/30/21 New public nuisance case #20-1578, 1 nvoice $443.09 - lot mowing • Utilities Water- $5,389.59 Since the property will be acquired through the tax deed process a quiet title action will be required to obtain marketable title. If purchased, the CRA could develop the property into affordable housing. FISCAL IMPACT: FY 2020-2021 Budget, Project Fund, Line Item #02-58200-401, amount to be determined by CRA Board CRA P LAN/P ROJ ECT/PROGRAM: 2016 Community Redevelopment Plan - Heart of Boynton CRA BOARD OPTIONS: 1. Approve the purchase of the vacant property located at 104 NW 5th Avenue for a not to exceed bid price as determined by the CRA Board. 2. Do not approve the purchase of the vacant property located at 104 NW 5th Avenue. 3. Other options to be determined by the Board. ATTACHMENTS: Description D Attachment I -Tax Deed Info D Attachment II - Location Map D Attachment III - PAPA Land Value D Attachment IV -City Lien Search D Attachment V -Title Search 8 1p 8 Lum Ln W LU 41 40 Q CL 0 + _ltst s 7 ra�i ittl� tv U ar )t' It a�i ci i !rw\, Mme^- F* ��au '' ail+1i Y t it� i &J.1saa�e�S,`'� �Mi� � T rsl � i m s Yzt .J�,r t , p, ; Y rE i � tt 1 ,.. �$ s '.a,,.... �a '2��sA,t,. !•- 4at as IN W' �1 v CU a �� L W It ' �f �w '�°�. 40 tti -.53�. 6 s M, CL a m c7 cs� InrZ - b r` ! ult, r rt' PAPA Banner Location Address 104 NW 5TH AVE "+Tw icipalitw BOYNTON BEACH Parcel Control Iunr 08-43-45-21-07-002-1450 Sualvision BOYNTON HILLS IN Official Records Boob 25492 Page 1737 Sale Tate SEP-2012 Leal Description BOYNTON HILLS LT 145(LESS RETURN CURVE AREA) BLKOwners -- Mailing address 104 NW 5TH AVE LAND TRUST 11891 US HIGHWAY 1 STE 100 SHENKMAN CURTIS TR NORTH PALM BEACH FL 33408 2864 Sale Price 110o1�, age OR Sale 'ype Owner DateSEP-2012 $10 25492/01737 QUIT CLAIM 104 NW 5TH AVE LAND TRUST AUG- $10 25406/01956 QUIT CLAIM ENDURANCE CAPITAL LLC 2012 FEB-2012 $5,000 25080/01293 WARRANTY' PRODIGY CAPITAL INC JUN-2011 $40,100 24555/01390 CERT OF TITLE SUNTRUST MORTGAGE INC 2006 $200,000 21075/00895 WARRANTY' SHAPIRO ANGEL 123 No Exemption Inforruation Available. ,'T'otal I urn ser of 1Jnits Sclaaaare Feet 0 Acres 0.1273 1Jse Code 0000- &ng RI -RI SINGLE FAMILY,7.5 DU/AC(08- VACANT BOYNTON BEACH) Tax Year 2020 2019 2018 Improvement Valu $96,050 $96,050 $82,834 Land Value $28,500 $19,000 $19,111 Total Market Value $124,550 $115,050 $101,945 All values are as of January 1st each year 'T'ax Year --2020 2019 2018 AssessedValue $91,032 $82,756 $75,233 E xemption Amount $0 $0 $0 'T'axable Value $91,032 $82,756 $75,233 'T'ax Year --2020 2019 2018 Ad Valorem $2,183 $2,020 $1,760 Ion Ad Valorem $293 $295 $295 Total tax $2,476 $2,315 $2,055'' Page 1 of 3 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 08434521070021450 Property Address 104 NW 5TH AVE Search performed by Bonnie Nicklien of Individuals(Florida)on Dec 30, 2020 at 08:22:20 A.M. PST Tracking Number: 1863735 Access PIN: 38940 (ITEM 1 of 7) Code Enforcement Case Number 10-00000270 Date Opened 03/10/2010 Case Type BKLN -BANK LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 2 of 7) Code Enforcement Case Number 18-00002763 Date Opened 11/13/2018 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 3 of 7) Code Enforcement Case Number 19-00001011 Date Opened 05/17/2019 Case Type PN -PUBLIC NUISANCE 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.netassets.net/messaging.html ` 1 Page 2 of 3 City of Boynton Beach Interest In Real Property (ITEM 4 of 7) Code Enforcement Case Number 19-00001911 Date Opened 07/26/2019 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 5 of 7) Code Enforcement Case Number 20-00001578 Date Opened 07/09/2020 Case Type PN -PUBLIC NUISANCE Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (ITEM 6 of 7) Mowing and Maintenance Resolution Number R19-116 Lien Number 18-2763 Original Invoice $988.09 Resolution Adopted 11/05/2019 Amount Due on 01/31/2021 $1,086.20 For compliance please contact the City Clerk 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.netassets.net/messaging.html 41 Page 3 of 3 City of Boynton Beach Interest In Real Property (ITEM 7 of 7) Mowing and Maintenance Resolution Number R19-116 Lien Number ' 19-1011 Original Invoice $1,038.09 Resolution Adopted ' 11/05/2019 Amount Due on 01/31/2021 $1,141.16 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. (UTILITY 1 of 1) Utilities Customer Number ' 262297 Current Amount I $0.00 Customer Status COLLECTION 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. SERVICE FEE FOR THIS REPORT PAID IN FULL: $115 This staterrent is furnished at:the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or employees assurne no responsibility or liability whatsoever for 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.netassets.net/messaging.html 41 104 NW 5TH AVE BOYNTON BEACH 08-43-45-21-07-002-1450, BOYNTON HILLS IN 25492 ,/ 1737' SEP-2012 BOYNTON HILLS LT 145 (LESS RETURN CURVE AREA.) IBL K B, Sales Information NI NMI NE ffil., ms 1A ISEP-2012 $10 25492/ f 01737 , QUIT CLAIM 104 NW 5TH AVE LAND TRUST .AUG-2012 810 25406 01956 , QUIT CLAIM ENDURANCE CAPITAL LLC FEB-2012 85,000 250R0 01293 WARRANTY DEED PRODIGY CAPITAL INC JUN-2011 $40,100 24555 f 01 3nO CERT OF TIITLE SUNTRUST MORTGAGE INC NOV-2006 8200,000 21075 00895 WARRANTY DEED SHAPIRO ANGEL JUN-2003 810 15421 01?97 QUIT CLAIM BARRON FRANK R IMAY-2003 81 15248/D1 779 4 QUIT CLAIM BARRON FRANK R& iMAR-1 993 $35,000 07645 f 01469 WARRANTY DEED BARRON FRANK R& 'DEC-1991 $100 07111 f01386 WARRANTY DEED OCT-1985 $100 04729`01143 REP DEED JAN-1978 823,000 02852/01662 'MAR-1976 $18,900 02521 101217 WARRANTY DEED Belo-tv are the responsible parties for the property.NA"ritten off(NA)owner balances are still collectable: 10868 104 NW 5TH AVE BB Customer ID, Customer Name Customer Type Account Status Amount Due Initiation Date Termination Date 262297 104 NW 5TH AVE LANDTRUST OW C 5389.59 08/14/2013 12/06/2019 251001 PRODIGY CAPITAL INC OW F .00 03/19/2012 08/14/2013 216,401 SHAPIRO, LEWIS OW F .0,0 11/03/20,06 03/19/2012 153225 BARRON, FRANK R OW F .0-0 0,4/0I/1993 11/03/2006 153227 STREEPER, ROBERT TN F .00 06/27/1991 04/01/1993 153229 CORNMAN, JOSEPH OW F .0,0 05/31/1978 06/27/199 On behalf of the City of Boynton Beach Utility billing (recognized owners): There is currently a Balance of:$5389.59 104 NW 5t" Ave Landtrust 262297-10868 $5389.59 Please make check payable to: City of Boynton Beach/Utilities Department 100 E Ocean Avenue Boynton Beach, FL 33435 NOM Active accounts (A) (S) (V)with or without balance are subject to change upon new billing cycles and or late fees, payments etc. TITLE SEARCH REPORT Fund File Number: 996249 The information contained in this title search is being furnished by Attorneys'Title Fund Services, LLC. If this report is to be used by a title insurance agent for evaluation and determination of insurability by the agent prior to the issuance of title insurance, then the agent shall have liability for such work. Provided For. Lewis Longman&Walker, P.A. Agent's File Reference: 2419-048 After an examination of this search the Agent must: A. Evaluate all instruments,plats and documents contained in the report. B. Include in the Commitment under Schedule B, any additional requirements and/or exceptions you find necessary from your analysis of the surveys,prior title evidence or other relevant information from the transaction. C. Verify the status of corporations and limited partnerships and other business entities with the appropriate governmental agency or other authority. D. Determine whether the property has legal access. E. Determine if any unpaid municipal taxes or assessments exist, which are not recorded in the Official Records Books of the county. F. Determine whether any portion of the property is submerged or artificially filled, if the property borders a body of water, and if riparian or littoral rights exist. G. The information provided herein does not include a search of federal liens and judgment liens filed with the Florida Department of State pursuant to Sec. 713.901, et seq., F.S., and Sec. 55.201, et seq., F.S., respectively, which designate the Florida Department of State as the place for filing federal liens and judgment liens against personal property. For insuring purposes: (a) Pursuant to Sec. 713.901, et seq., F.S., personal property includes, but is not limited to, mortgages, leaseholds, mortgages on leaseholds, interests in cooperative associations, vendees'interests, and options when those interests are held by a partnership, corporation, trust or decedent's estate; and (b) Pursuant to Sec. 55.201, et seq., F.S., personal property includes, but is not limited to, leaseholds, interests in cooperative associations, vendees' interests, and options regardless of the type of entity holding such interests, including individuals. (Note: Mortgages have been specifically excluded from the personal property interests in which a judgment lien may be acquired under the provisions of Sec. 55.201, et seq., F.S.) Prepared Date: January 4,2021 Attorneys'Title Fund Services,LLC Prepared by: Patricia Credit-Jones, Examiner Phone Number: (800) 515-0155 x6414 EmailAddress: peredit.]ones@thefund.com 01414221-1 Rev. 12/10 Page 1 of 5 TITLE SEARCH REPORT Fund File Number: 996249 Effective Date of approved base title information: November 13, 2006 Effective Date of Search: December 24, 2020 at 11:00 PM Apparent Title Vested in: Unkown Trustee of the 104 NW 5th Ave Land Trust, an Irrevocable Land Trust Description of real property to be insured/foreclosed situated in Palm Beach County, Florida. Lot 145, Block B, Boynton Hills, according to the plat thereof as recorded in Plat Book 4,Page 51,Public Records of Palm Beach County, Florida,Less that part which is included in the external area formed by a 20-foot radius arc which is tangent to the East line of said Lot 145 and tangent to the Northerly line of said Lot 145, containing 49 square feet, more or less. Muniments of Title, including bankruptcy,foreclosure, quiet title,probate,guardianship and incompetency proceedings, if any, recorded in the Official Records Books of the county: 1. Warranty Deed from Stuart R. Barron, Successor Trustee of the Frank R. Barron Revocable Living Trust U/A dated 6/13/03 to Angel Shapiro,recorded November 13, 2006 in O.R. Book 21075,Page 895,Public Records of Palm Beach County, Florida. 2. Foreclosure proceedings under Case No. 502009CA000448 as evidenced by Lis Pendens in O.R. Book 23 03 1,Page 176, Final Judgment in O.R.Book 24012,Page 150, Certificate of Title in favor of SunTrust Mortgage, Inc.recorded in O.R. Book 24555, Page 1390. Also see the following Books and Pages: O.R. Book 21075,Page 897. (Docket attached) 3. Special Warranty Deed from SunTrust Mortgage Inc., a Virginia corporation to Prodigy Capital Inc., a Florida corporation,recorded March 20, 2012 in O.R. Book 25080,Page 1293, Public Records of Palm Beach County, Florida. 4. Quit Claim Deed from Prodigy Capital Inc., a Florida corporation to Endurance Capital LLC, a Florida limited liability company,recorded August 22, 2012 in O.R. Book 25406,Page 1956,Public Records of Palm Beach County, Florida. 5. Quit Claim Deed from Endurance Capital LLC, a Florida limited liability company to 104 NW 5th Ave Land Trust, an Irrevocable Land Trust, Curtis Shenkman, as Trustee,recorded September 28, 2012 in O.R. Book 25492,Page 1737,Public Records of Palm Beach County, Florida. 6. Legal Notice Revocation of Appointment/Designation as Trustee recorded in O.R. Book 27345,Page 1583,Public Records of Palm Beach County, Florida. 7. Notice of Application for Tax Deed recorded in O.R. Book 31790.Page 406,Public Records of Palm Beach County, Florida. Mortgages,Assignments and Modifications: 1. Nothing Found 01414221-1 Rev. 12/10 Page 2 of 5 TITLE SEARCH REPORT Fund File Number: 996249 Other Property Liens: 1. Tax Deed Application No. 2017:13211 sold for 2016. 2. General or special taxes and assessments required to be paid for the year(s)2020. 3. Claim of Lien against 104 NW 5th Ave Land Trust, Shenkman Curtis Tr by City Boynton Beach as recorded in O.R.Book 28606, Page 1202,Public Records of Palm Beach County, Florida. 4. Order Imposing Penalties/Lien recorded in O.R. Book 31078, Page 414,Public Records of Palm Beach County, Florida. 5. City of Riviera Beach Special Master Final Order recorded in O.R. Book 26452,Page 261; O.R. Book 26452,Page 273,Public Records of Palm Beach County, Florida. Restrictions/Easements: I. Rights of the lessees under unrecorded leases. 2. All matters contained on the Plat of Boynton Hills, as recorded in Plat Book 4,Page 51, Public Records of Palm Beach County, Florida. 3. Deed to Trustee of the Internal Improvement Fund of the State of Florida,to John F. Patrakus, dated March 6, 1946 and recorded in Deed Book 758,Page 534,Public Records of Palm Beach County, Florida. 4. Resolution No. 19-079 recorded in O.R. Book 31078,Page 426,Public Records of Palm Beach County, Florida. 5. Resolution No. R19-116 recorded in O.R. Book 31257.Page 983,Public Records of Palm Beach County, Florida. Other Encumbrances: 1. Terms and Conditions of the unrecorded Trust,referred to in instrument recorded in O.R. Book 25492,Page 1737,Public Records of Palm Beach County, Florida, and subject to the rights,title and interest of all beneficiaries named in said trust. REAL PROPERTY TAX INFORMATION ATTACHED Proposed Insured: None 01414221-1 Rev. 12/10 Page 3 of 5 TITLE SEARCH REPORT Fund File Number: 996249 A 20 year name search was not performed on the proposed insured It is the agent's responsibility to obtain a name search if a loan policy to be issued based on this product is other than a 100%purchase money mortgage. STANDARD EXCEPTIONS Unless satisfactory evidence is presented to the agent eliminating the need for standard exceptions, the following should be made apart of any commitment or policy. 1. General or special taxes and assessments required to be paid in the year 2021 and subsequent years. 2. Rights or claims ofparties in possession not shown by the public records. 3. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. 4. Easements or claims of easements not shown by the public records. 5. Any lien, or right to a lien,for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any owner policy issued pursuant hereto will contain under Schedule B the following exception: Any adverse ownership claim by the State of Florida by right of sovereignty to any portion of the lands insured hereunder, including submerged,filled and artificially exposed lands, and lands accreted to such lands. 7. Federal liens and judgment liens, if any,filed with the Florida Department of State pursuant to Sec. 713.901, et seq., F.S., and Sec. 55.201, et seq., F.S., respectively, which designate the Florida Department of State as the place for filing federal liens and judgment liens against personal property. For insuring purposes: (a) Pursuant to Sec. 713.901, et seq., F.S., personal property includes, but is not limited to, mortgages, leaseholds, mortgages on leaseholds, interests in cooperative associations, vendees' interests, and options when those interests are held by a partnership, corporation, trust or decedent's estate;and (b) Pursuant to Sec. 55.201, et seq., F.S., personal property includes, but is not limited to, leaseholds, interests in cooperative associations, vendees'interests, and options regardless of the type of entity holding such interests, including individuals. (Note: Mortgages have been specifically excluded from the personal property interests in which a judgment lien may be acquired under the provisions of Sec. 55.201, et seq.,F.S.) 8. Any lien provided by County Ordinance or by Chapter 159, Florida Statutes, in favor of any city, town, village or port authority,for unpaid service charges for services by any water systems, sewer systems or gas systems serving the land described herein; and any lien for waste fees in favor of any county or municipality. 01414221-1 Rev. 12/10 Page 4 of 5 TITLE SEARCH REPORT Fund File Number: 996249 The report does not cover bankruptcies or other matters filed in the Federal District Courts of Florida. In foreclosure proceedings, title should be examined between the effective date of this report and the recording of the lis pendens to assure that all necessary and proper parties are joined. Consideration should be given to joining as defendants any persons in possession, other than the record owner, and any parties, other than those named herein, known to the plaintiff or the plaintiffs attorney and having or claiming an interest in the property. Prior to issuance of any policy of title insurance underwritten by Old Republic National Title Insurance Company, the agent must obtain and evaluate a title search for the period between the effective date of this Title Search Report and the recording date(s) of the instrument(s) on which the policy is based. If this product is not used for the purpose of issuing a policy, then the maximum liability for incorrect information is$1,000. Note: The Agent is responsible for obtaining underwriting approval on any commitment prepared from this product in the amount of$1,000,000.00 or more. 01414221-1 Rev. 12/10 Page 5 of 5 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT CRA BOARD M EETING OF: January 12, 2021 NEW BUSINESS AGENDAITEM: 16.E. SUBJECT: Discussion and Consideration of a Tax Deed Sale for the Property Located at 521 N. Federal Highway SUMMARY: CRA staff has identified an available property located at 521 N. Federal Highway. As indicated on the attached map, this property is located on the Federal Highway Corridor just north of Boynton Beach Boulevard within the Downtown District (see Attachment 1). A commercial building is located on the property and is approximately 1,015 square feet. An appraisal was not performed on the property due to a time restraint during the holidays. However, in 2018 this property was part of a Tax Deed Sale but was redeemed by the property owner prior to the commencement of the auction. At that time the estimated market value was $131,600 (see Attachment 11). The Palm Beach County Property Appraiser valued the property in 2020 at$177,348 (see Attachment III). CRA conducted the attached City lien search (see Attachment IV). The property has no outstanding Code Compliance Cases/Liens and/or Mowing/Maintenance Liens. A title search was not performed on the property due to a time restraint during the holidays. Therefore, it is unknown if there are any additional liens and/or title defects. The property is not viable if acquired on its own for redevelopment due to the numerous nonconformities that exists onsite. Additionally, since the property will be acquired through the tax deed process a quiet title action will be required to obtain marketable title. FISCAL IMPACT: FY 2020-2021 Budget, Project Fund, Line Item #02-58200-401 , amount to be determined by CRA Board CRA P LAN/P ROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Downtown District CRA BOARD OPTIONS: To be determined by the Board after further discussion. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -2018 Appraisal D Attachment III - PAPA Land Value D Attachment IV -City Lien Search t s Sr jM�IL'J��•">j�-_:. r° �r,,j 4i" �o a •' r � 1 '�ifiAH E6'J��Bj� c, k t sh (7 n , 7atLn V k J � n W? IDV� l} C, `r fly kol ii {—Ij t! rt r: 6. Z rt ru•,: cy 0 C) � �" w r rvy < c u. - CL #' Fk u' adl ry"I f d APPRAISAL REPORT COMMERCIAL PROPERTY 521 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 23, 2018 Vance Real Estate Service sf, February 23,2018 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 - i i RE: Commercial property, 521 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 23, 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 exclusive use of the client for possible acquisition. ! 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 THIRTY-ONE THOUSAND SIX HUNDRED DOLLARS $131,600 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT WITH SIXTY-SEVEN(67) 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 in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h 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 P otograp s o Subject t e Property 5 1-3-5 Mile Location Map 7 1-3-5 Mile Demographic Statistics 8 Summary of Important Facts and Conclusions 10 DESCRIPTIONS ANALYSES & CONCLUSIONS 11 I entity of Client and Intended User 12 Intended Use 12 Identification of Real Estate Appraised 12 Ownership 12 Property Address 12 Legal Description 12 Real Estate Tax Analysis 13 Market Area Description 14 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 Deed of Appraised Property 53 "CBD" zoning information 55 USPAP Standards Rule 2-2a 57 Qualifications of the Appraisers 59 INTRODUCTION S 1 :Y East Building Elevation on Federal Highway North Building Elevation � a n t a Y n Entrance to Rear Parking off Federal Highway South Building Elevation s Rear Parking Area Rear Exit& Garbage Enclosure PHOTOS OF THE VALUED PROPERTY&ENVIRONS 521 N.Federal Highway Boynton Beach,Florida 33435 5 r S t 4 a r i tr:u , �� ttr 11i V t��rss},''� 1� oz "1`tt t z — R,t r €' r W 3 i Ag(l € 4,. 4 � � s, � sval , ,A*Worms aid Corridor 1,r6 g s t( (� �� ke orthl L A a A v a ra M0131su€aL£o—" 1h Av � E AtL mk, I� 1 i r uz ki9�°��61� Rd i Rd Lantana otilloRd _ i � "Yp01 xoRc ,"2 i d m b a� Old Roy #aa Rd x ]oyn Rmsc: s�of;.48py). tPtY SCh 11 4' e +d 1� 431 -:rj"" g"f �rPic. da:Rd f Dell,r Beach" Kings Point% _Low Win Blvd 1d IOd�si Club 6Q Hghland Beach 1-3-5 MILE RADII FROM THE VALUED REAL ESTATE 521 N. Federal Highway Boynton Beach, Florida 33435 • Gesn" - . . . . VANCE REAL ESTATE SERVICE 521 S Federal Hwy, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 11,302 61,172 153,084 2010 Population 11,691 68,587 168,844 2017 Population 13,896 75,750 182,390 2022 Population 15,252 80,943 192,993 2000-2010 Annual Rate 0.34% 1.15% 0.98% 2010-2017 Annual Rate 2.41% 1.38% 1.07% 2017-2022 Annual Rate 1.88% 1.33% 1.14% 2017 Male Population 48.9% 47.9% 47.7% 2017 Female Population 51.1% 52.1% 52.3% 2017 Median Age 45.9 44.6 47.2 In the identified area, the current year population is 182,390. In 2010, the Census count in the area was 168,844. The rate of change since 2010 was 1.07% annually.The five-year projection for the population in the area is 192,993 representing a change of 1.14% annually from 2017 to 2022. Currently, the population is 47.7% male and 52.3%female. Median Age The median age in this area is 45.9, compared to U.S. median age of 38.2. Race and!Ethnicity 2017 White Alone 56.6% 60.2% 65.2% 2017 Black Alone 36.2% 31.9% 26.5% 2017 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2017 Asian Alone 1.4% 1.7% 2.1% 2017 Pacific Islander Alone 0.0% 0.0% 0.0% 2017 Other Race 3.1% 3.2% 3.4% 2017 Two or More Races 2.4% 2.6% 2.5% 2017 Hispanic Origin (Any Race) 14.2% 15.6% 16.0% Persons of Hispanic origin represent 16.0% of the population in the identified area compared to 18.1% 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 63.8 in the identified area, compared to 64.0 for the U.S. as a whole. Households 2000 Households 4,916 26,582 67,299 2010 Households 5,126 29,436 73,475 2017 Total Households 6,130 32,510 79,009 2022 Total Households 6,732 34,727 83,402 2000-2010 Annual Rate 0.42% 1.03% 0.88% 2010-2017 Annual Rate 2.50% 1.38% 1.01% 2017-2022 Annual Rate 1.89% 1.33% 1.09% 2017 Average Household Size 2.26 2.30 2.29 The household count in this area has changed from 73,475 in 2010 to 79,009 in the current year, a change of 1.01% annually. The five-year projection of households is 83,402, a change of 1.09% annually from the current year total. Average household size is currently 2.29, compared to 2.28 in the year 2010.The number of families in the current year is 45,120 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 2017 and 2022. Esri converted Census 2000 data into 2010 geography. February 12, 2018 8 • Gesn" VANCE REAL ESTATE SERVICE 521 S Federal Hwy, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2017 Median Household Income $44,368 $48,506 $51,341 2022 Median Household Income $49,898 $54,366 $57,512 2017-2022 Annual Rate 2.38% 2.31% 2.30% Average Household Income 2017 Average Household Income $70,965 $70,345 $75,267 2022 Average Household Income $80,343 $80,149 $85,876 2017-2022 Annual Rate 2.51% 2.64% 2.67% Per Capita Income 2017 Per Capita Income $31,426 $31,057 $32,975 2022 Per Capita Income $35,552 $35,253 $37,464 2017-2022 Annual Rate 2.50% 2.57% 2.59% Households by Income Current median household income is$51,341 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $57,512 in five years, compared to $62,316 for all U.S. households Current average household income is$75,267 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $85,876 in five years, compared to $91,585 for all U.S. households Current per capita income is $32,975 in the area, compared to the U.S. per capita income of$30,820. The per capita income is projected to be $37,464 in five years, compared to $34,828 for all U.S. households Housing 2000 Total Housing Units 6,354 32,102 80,558 2000 Owner Occupied Housing Units 3,329 19,231 50,947 2000 Renter Occupied Housing Units 1,587 7,351 16,351 2000 Vacant Housing Units 1,438 5,520 13,260 2010 Total Housing Units 7,332 37,980 91,873 2010 Owner Occupied Housing Units 3,106 18,819 51,625 2010 Renter Occupied Housing Units 2,020 10,617 21,850 2010 Vacant Housing Units 2,206 8,544 18,398 2017 Total Housing Units 8,508 41,063 97,798 2017 Owner Occupied Housing Units 3,223 18,724 51,205 2017 Renter Occupied Housing Units 2,907 13,786 27,804 2017 Vacant Housing Units 2,378 8,553 18,789 2022 Total Housing Units 9,340 43,585 103,058 2022 Owner Occupied Housing Units 3,431 19,671 53,471 2022 Renter Occupied Housing Units 3,300 15,056 29,930 2022 Vacant Housing Units 2,608 8,858 19,656 Currently, 52.4% of the 97,798 housing units in the area are owner occupied; 28.4%, renter occupied; and 19.2% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 91,873 housing units in the area - 56.2% owner occupied, 23.8% renter occupied, and 20.0% vacant. The annual rate of change in housing units since 2010 is 2.82%. Median home value in the area is$199,565, compared to a median home value of$207,344 for the U.S. In five years, median value is projected to change by 5.24% annually to$257,617. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography. February 12, 2018 9 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Commercial property 521 North Federal Highway Boynton Beach, FL 33435 OWNERSHIP: FBDC LLC 4220 W 75th Street Bradenton, FL 34209 LAND: Approximately 4,700 square feet IMPROVEMENT: One-story commercial building formerly used as a store, containing 1,015 square feet of enclosed area, constructed in 1946. ZONING: "CBD", in the city of Boynton Beach APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Store that appears to be unoccupied 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: 4,700 square feet of land x$28.00 per square foot of land= ONE HUNDRED THIRTY-ONE THOUSAND SIX HUNDRED DOLLARS 131 600 VALUATION DATE: February 23, 2018 Exposure Time: 12 months prior to selling at the appraised value 10 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: FBDC LLC 4220 W 75th Street Bradenton, FL 34209 Property Address: 521 North Federal Highway Boynton Beach, FL 33435 Legal Description: Lots 1 and 4, less the east 35 feet for Federal Highway right-of-way, Block 4, ROBERT ADDITION TO TOWN OF BOYNTON, Plat Book 1, page 51, Palm Beach County, FL Census Tract No. 61 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) Real Estate Tax: Parcel Control Number: 08 43 45 2126 004 0010 Land Value: $107,577 Improvement Value: 54,040 Total Value: $161,617 Assessed Value: $161,617 Ad Valorem Tax: $ 3,451 Non Ad Valorem Tax: $ 479 Total Tax: $ 3,930 Real estate tax for 2017 is unpaid; additionally, tax certificates are issued for non-payment of taxes from prior years. The Palm Beach County Property Appraiser (PBPA) values the existing components of the property, which are then assessed for taxation. PBPA does not value the property based on its highest and best use as do the writers of this report. The improvement has reached the end of its useful life; however, the county property appraiser's valuation does not reflect this condition. For this valuation to possibly change, the property owner would have to file a tax appeal and present evidence of the building's condition. 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. 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) 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. 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; size 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. These were constructed in the early 1920s and 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. 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. 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) 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. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. The subject market area is the Downtown District in the CRA with the following general boundaries: Florida East Coast (FEC) Railroad on the west, Federal Highway and the Intracoastal Waterway on the east, Northeast Vt Avenue to the north and Southeast 12 Avenue on the south. Federal Highway CRA North and South Districts flank the Downtown District, with one district blending into the next. All totaled, the Federal Highway corridor through the CRA in Boynton Beach is about 2.5 miles long. The strong influence of heavily trafficked Federal Highway is a catalyst to redevelopment of the corridor with over 2,300 new residential units in five projects, with more planned. Highway beautification projects improved the aesthetics of the market area. 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. Federal Highway is the main north-south artery through the Downtown District. It is also known as U S Highway 1 and 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. 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) 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. To the northwest of the Downtown District and 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 2017 in the one-mile radius is $44,368, for three miles it is $48,506 and $51,341 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400, even though the east parts of the circles include the residents all the way to the Atlantic Ocean. In the one-mile circle, population is 13,896. In three miles, population increases to 75,750; at five miles, it is 182,390. However, about one-half of the three and five mile circles are over the Atlantic Ocean and waterways. Annual growth rate is anticipated to be 1.14% to 1.88% 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. The median age in the market area is 45.9 years compared to the U. S. median age of 38.2 years. 52% of the housing units are owner occupied, with 28% 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 19%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $199,565 compared to median home value of$207,344 in the United States. 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) 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. Current residential buyers 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. 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, 15,757 square feet of commercial space, plaza, 644-space parking garage, et cetera. At 623 S Federal Highway, Club of Boynton Beach is under construction. It will be a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession spoiled those plans. 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) Town Square, a major redevelopment project, will take place on Boynton Beach Boulevard and NE 1 Street, encompassing 16.5 acres of land where the current city hall and police station stand. The new project will include two 8- story apartment buildings with 230 and 244 units, 144 unit assisted living facility, 120 room hotel, 31,800 square feet of retail/ office, a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The life cycle stage of the market area is revitalization, a period of renewal, modernization and increasing demand. Boynton Beach CRA is purchasing blighted properties in the subject market area and other properties where the owners are willing to sell. One example in the immediate subject market area is the former AmeriGas Propane storage and sales facility at 711 North Federal Highway. The old improvements were demolished, and the site was sold to the property owner to the north for another business venture. One more example is at 1110 N Federal Highway (Land Sale 1), with the old store scheduled for demolition and removal. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city of Boynton Beach. The price trend for property in the subject market area will continue to increase while the economy remains strong. Land Use: General Commercial Proposed Land Use: Mixed Use, medium intensity CRA District: Downtown District 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: "CBD", Central Business District in the city of Boynton Beach. The intent of this district is to implement the mixed use and mixed use core future land use plan classification of the Comprehensive Plan. The mixed use will be a highly visible community focal point integrating office, retail and residential uses concentrated in the historic downtown and marina district. Uses allowed in the district are intended to service the entire community, create a high volume of pedestrian traffic, provide business opportunities, et cetera. Minimum lot area is 15,000 square feet. Minimum lot frontage is 75 feet; minimum lot depth is 100 feet. Copy of the zoning code is in the Addenda. The appraised parcel contains approximately 4,700 square feet which appears to make it a non- conforming site in this district. However, officials of Boynton Beach determine non-conformities of sites and structures. Cited from the Land Development code: non-conforming lots which are vacant or proposed to be cleared and redeveloped, approval of a variance shall be required prior to the construction of any structures or establishment of any use on the lot. Site Description: The shape of the site is a rectangle. Approximate dimensions and size are from public records. North boundary on NE 5 Avenue: 47 feet East boundary on Federal Highway: 100 feet South boundary on adjacent property: 47 feet West boundary on adjacent property owned by the subject property owner: 100 feet Total: 4,700 square feet 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) Utilities: All utilities are available to the site. Access: The site borders Federal Highway on its east side, but there is no driveway on to the main road. Pedestrian traffic can reach the tract on its east side. Vehicular access is via a driveway on NE 5 Avenue at the northwest corner of the parcel. North Federal Highway is a four-laned road with a raised, landscaped median, sidewalks, street lights and storm drains. NE 5 Avenue is a two-laned local road. There is no median break in Federal Highway at NE 5 Avenue. 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 a store. The building contains 1,015 square feet and was constructed in 1946. No interior inspection of the building was made. The premises appeared to be unoccupied. Photos of the appraised property in the beginning of the report show the condition of the building which appears to be in average condition for its age. The building is constructed of concrete block with a painted stucco finish. The roof appears to be flat with a composition topping. Windows are plate glass. The design of the structure is dated. There is a paved area to the west of the building with a few marked parking spaces. 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 23, 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 terms of sale(e.g.,cash,cash equivalent,or other terms);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 tvpically 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 & LiFht Co., v. Jenniwl 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 23, 2018 B) Date of the Report: February 23, 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 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 warranty deed on March 12, 2013 for a price of$200,000. The transaction also included the property adjacent to the west, a depreciated single family residence. A copy of the deed is in the Addenda. The date of sale is too far removed from the effective date of the appraisal to be of any significance to the current opinion of value expressed in this appraisal. 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 appears to be an unoccupied one-story store; however, this is not the highest and best use of the property. The age of the subject building and the change in the life cycle stage of the market area from decline to revitalization, renders the existing use of the property of a small store to be obsolete. Therefore, the building has no contributory value to the property. 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 approximately 4,700 square feet. It has a corner location, but with no traffic signal or median break in Federal Highway. The parcel is level and filled to street grade. All utilities are available to the site. Physical constraint to develop the site is its size which governs the number of potential improvements 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, medium intensity. Zoning is "CBD", Central Business District. Minimum lot size is 15,000 square feet. Permitted uses include a commercial, residential or mixed use. The appraised land does not meet the size standards for the "CBD" district as a stand-alone site, appearing to be a non-conformity. City officials make that determination and the legal permissibility of the land. According to the zoning code, a variance must be obtained prior to improving a non- conforming site. 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. Land Sales 2, 3 4 and 6 in this report are an example of a less intense assemblage. It appears that the subject property owner may have been attempting an assemblage of the subject block in 2013 when the property was acquired. FBDC LLC purchased four sites in the block in 2013. However, public records show real estate taxes have not been paid and tax certificates were issued. Financially feasible use for the subject is either for a small stand-alone commercial property or to assemble it with other lots in the subject block for redevelopment of a mixed use 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 a strong economy where people are seeking new retail and housing choices. 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 lots in the subject block to construct 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. 25 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 72 years old and outmoded. The flat roofline and low building profile are old-fashioned. Location of loading and parking areas are difficult to access via a narrow passageway. Placement of the building on the site prevents corrections for non-conformities and inconveniences. Thus, demolition and removal of the building is its highest and best use which is physically possible, legally permissible, financially feasible and maximally productive. Examples of such demolitions have already been cited in the report. 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 SPRUCE 11 `� CDM Subject & Land Sale Location Map M ER MINER RD_ � F C 2 INDUSTPIAL WAY Ul DP, rV ti" I ,BLD Czr {- f�'ra Ilz �, t� �� Ocean Inl Park y p �tr I�( EAST RIDGEC IRS ++t 19TH AVE NE � � -oMANATEE BAY 6R ISLANQ➢R� ti v I� zi ml z o z� it ,F t.11 �En I) t rr a, l N a N �u I—�iz� -- !. NE 15TH PL ¢�s INLET IN� ori �—_ z SALE 1:, Y 3m31 N W 12TH AVE F1' I�mho z�m NE p ,rel �z zL NW ETH AVE r_-� T SUBJECT ISI �� f vr-ikn im ,� IC r= ! !r l� I _liI — P-J b �� -,y I i[n �'"-? NE STH z 'e'• �I} I_, !' = po E N4TE n r _ z �m to m f11 NE ..C 44(( 3RDAVEpy- 2i -EIBOYNTON_BEACH-BLVO_ _ _N_E ISTAVE NE IST AWE - j I �- N'( s pil z.� � x ` r�EAN AVE E QCEAN Ai1E� w�L nii._� OCEAN AVE_ y t _ I� zl p. i�L _SE IST AVE -... N 4 i[a � i '�i4•_'t 1-mo�� ty �( ..q1 SALE LE 2f+ HUDSON AVE Beach&yntnn .jFa�rj`szNAVE SE D SALE$ AVEi z _f P � ig Oil_.. Ili ia �I SE II SALE rJ SE 8 t 1,- SALE 3 sRoo HARBOUR DRJN _I 3 :ice t �) tr i K ©R QALE f 4 fah ,s,�RY WAY '�' SW 10TH IAVE SE 10TH ATVTE I� r+ HARBOUR I! Swt 11TH AVE1-! SE 12TH AVE HAVE HIBISCUS WAY-001.� i MORT iJJ N_S WAY I�SW Y_3rH AVEAL �4 ; 1 I' k m� } 7, uy II �+ ��SWjY4TH AVE. E'� r a �. ` Y I 4Y WOO IGHTL D�]1 j._6LBRIGH_RD ._t 1'NORTH BLVD SE-28r'7p R.VE i4p BLWDJII � 7 SOUTH BLVD;.i, SE IST GIR y, d 1 ') ❑ S i R yI Cam,'—A l '� �q Q ` ,� �- j ,� �S r a �I" ;Pig yy IL�=sEazNOAVE SEAWIEW_:AWE '�--ifs�.��--"�P^ �-•i �1 SW 24TH Data use subject to license. `Q DeLorme.DeLorme Street Atlas USA@ 20709. 0 800 1600 2400 3200 4000 wrvww.delorme.com MN(6-7°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 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® 31 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® 32 , ��+ +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 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 2107 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 04 000 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 bn 7t N U U U U U U U H � 00 OM CJ 00 00 M 00 N 7 00 r P� V) 69 69 69 69 69 69 7 69 V O M 00 O C� I'D 00 O N O -- V� V� 7t I'D CD CD CD CD CD CD O O O O O O O a O O � O 7t I a 7 N � M V� M W cn 69 69 69 69 69 69 rn � 00 00 AV� O 0000 V� 00 M _N -- M N N O O N N cr3 M 00 \p C1 N cn O O -- O O O O O Z OO O o `r o � O � o o N N C/) C/) O -- O -- 0 O 0 -- O -- O M 0 N 0 U N O 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 an old commercial building which has reached the end of its economic life. 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 properties for a larger mixed use project. Land size is approximately 4,700 square feet; zoning is "CBD", Central Business District. 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 which are either vacant or will be vacant when the old improvements on them are demolished and removed. Of the properties reviewed, 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 and listing is from $23.81 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 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. (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. 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, etcetera. 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 the farthest north, 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. Zoning for Land Sale 1 is "C-4", General Commercial. Zoning for Sales 2, 3, 4 and 5 is "C-3", Community Commercial; No. 6 is zoned "C-1", Office Professional. The appraised parcel is in the Downtown District,with a future land use of mixed use medium intensity. Current zoning is "CBD", Central Business District, though at the north end of that category. As development moves north and south of downtown's central core, the appraised land along with Land Sales 2, 3, 4 and 5 should be in the next wave of projects. Of course, assemblages have to be accomplished to have sufficient land area for such endeavors. The locational characteristics of the land under appraisement put its unit value in the upper end of the range of the sale unit prices. 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 4,700 square feet, smallest in the data set. 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 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. 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. (Continued) 48 LAND VALUATION (Continued) FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the six sales: Land Sale Sale Price per Square Foot 1 $28.18 2 $28.69 3 $23.81 4 $28.30 5 $22.00 6 $24.91 Land Sale 1 is in the north end of the general subject market area. 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 comer location, but no median break on Federal Highway. It is closer to the core of downtown than Land Sales 1, 5 and 6. The price trend is upward as new projects are coming to fruition as discussed. Considering the characteristics of the land under appraisement and the foregoing discussion, the unit value for the subject is in the upper end of the range of the unit sale prices at$28.00 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for land in 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 23,2018 is: $28.00/sq.ft. of land x 4,700 square feet of land= 131 600 ONE HUNDRED THIRTY-ONE THOUSAND SIX HUNDRED 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 appraised the property on March 8,2017. 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 exterior of the property that is the subject of this report on January 25,2018. 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. February 23. 2018 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 February 23,2018 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 furnished 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 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. 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 23,2018 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 February 23,2018 51 ADDENDA CFN 20130142667 OR BK 2.590.4 PG 1678 Prepared by and return to: RECORDED 03/27/2013 17:05:48 George W.Mathews,III Palm Beach County, Florida Vice President AMT 200,000.00 First P ity Title Company Doc Stamp 1,400.00 132joach, ongress Avenue Suite 104 Sharon R. Hock,CLERK 8 COMPTROLLER BoyFL 33426 Pga 1678 - 1679G (2pgs) 561a File -1103-NC Will Call 0 ParcelIdenti& No.08-43-45-21-26-004-0010 [Space Above This Line For Recording Data] Warranty Deed ( (STATUTORY FORM-SECTION 689.02,F.S.) This Indenture made this ay of March,2013 between James R.Hudson,a single man whose post office address is 3921 W. Cherry St.,Tamp 3607 of the County of Hillsborough, State of Florida, grantor*,and FBDC,LLC,a Florida Limted Liability Com l9se post office address is 4220 75th street West, Bradenton, FL 34209 of the County of Manatee,State of Flori a*, Witnesseth that said grantor, for and i - eration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to said g for in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained, and sold to the saide, and grantee's heirs and assigns forever, the following described land, situate,lying and being in Palm Beach County, 'da,to-wit: Parcel 1: Lots 1 and 4,Less the East 35 feet thereof,Block 4,ROBERT ADDITION TO TOWN OF BOYNTON,according to the plat thereof,as recorded in Plat Book 1,Page 51,of the Public Records of Palm Beach County,Florida. Parcel 2: The East 34.5 feet of Lot 2 and the East 32 feet of the North 25 feet of Lot 3, Block 4, ROBERT ADDITION TO TOWN OF BOYNTON,according to the plat thereof,as recorded in Plat Book 1,Page 51,of the Public Records of Palm Beach County,Florida. and said grantor does hereby fully warrant the title to said land,and will defend the same against lawful claims of all persons whomsoever. *"Grantor'and"Grantee"are used for singular or plural,as context requires. DoubleTim" 53 Book25904/Page1678 Page 1 of 2 Q In Wit Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written. �o Signed,sealed and red in our presence: 10, d �, (Seal) W itne Name: fu f la J es R.Hudson D Witney ame: 6-1—je S �C Q State of Florida County of Palm Beach (�v Vdbefore The foregoing instrument was acknowleme this i3th day of March, 2013 by James R. Hudson, who [_] is personally known or[X] has produced a drivei�ense as identification. [Notary Seal] Notary Pu „Y?r - GEORGE W.MATHEW Printed Name: MY COMMISSION k EE 119746 �•, x,ry E;{PIKES:December 5,2015 ` pF e Nonded Thru Notary Public Underwriters My Commission Expires: <„ Warranty Deed(Statutory Form)-Page 2 DoubleTimee 54 Book25904/Page1679 Page 2 of 2 E. CBD Central Business District. 1. General. The purpose of the CBD zoning district is to implement the mixed use (MX) and mixed use core (MX-C) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to provide a highly visible community focal point integrating office, retail, and residential uses concentrated in the historic downtown and marina district. In addition, this district is considered the predecessor to the urban mixed use zoning districts,particularly, the mixed use-high intensity district. The uses allowed in the central business district are intended to serve the entire community, create a high volume of pedestrian activity,provide business, recreation, and residential opportunities, and maximize the potential of the waterfront. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-18). 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 CBD District Minimum lot area: 15,000 s.f. Minimum lot frontage: 75 feet Minimum lot depth: 100 feet Minimum yard setbacks: Front: 0 feet Rear: 20 feet' Interior side: 0 feet Corner side: 8 feet2 Waterfront yard(from navigable water): 8 feet' Minimum living area: 750 s.f. Maximum lot coverage: 75% Parking garages: 85% Maximum Floor Area Ratio (FAR) N/A Maximum structure height: 45 feee ' Where rear property line abuts a public street or alley,rear yard setback may be reduced to eight(8)feet at first floor level,in which case,no setback shall be required at all other floor levels. 55 z Eight(8)feet is require at first floor level. No setback shall be required at all other floor levels. 3 Waterfront setbacks shall be measured from the property where the body of water is under different ownership than the subject property line;however,setbacks are measured from the mean high water line if the body of water is under the same ownership as the subject property. 4 Forty-five(45)feet,not to exceed four(4)stories. The maximum building height shall be forty-five(45)feet, except for buildings which contain a mix of uses(residential in combination with non-residential uses). In these instances,the maximum building height may be increased to one hundred(100)feet,but contingent upon conditional use approval. Mechanical equipment which exclusively serves the structure shall not be included in the calculations of height. 4. Review and Approval Process. All development and redevelopment shall require site plan approval in accordance with Chapter 2, Article 11, Section 2.17. prior to application for building permit. 5. Parking. a. General Requirements. Required off-street parking is regulated in accordance with Chapter 4, Article V, Minimum Off-Street Parking Requirements. b. Specific for CBD District. As required by Chapter 4, Article V, Section 3.E. The CBD district contains additional standards relative to location and appearance of off-street parking facilities. Refer to Chapter 4, Article 111, Section 3.C. for these additional development standards. 6. Miscellaneous. a. Building Location and Massing. See Chapter 4, Article 111, Section 3.H. for additional regulations pertaining to mixed use developments. b. Shade and Shelter. See Chapter 4, Article 111, Section 3.H. for additional regulations pertaining to mixed use developments. 56 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 rental 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 in 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. 57 475.611 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. 95.11(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. 58 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 perform 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 perform 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. 59 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) 60 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(200 1) 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) 61 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 Book"Unifonn 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) 62 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 24,2001. 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 63 I of 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: vanceval ,att.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 perform 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/motels, 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, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 64 2 of 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 Farm 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 Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental 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 Interact&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) 65 3 of4 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/RThat 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 Govemment 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 Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 66 4 of 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 67 PAPA Banner Location Address 521 N FEDERAL HWY Municipality BOYNTON BEACH Parcel Control Iunser 08-43-45-21-26-004-0010 Sualvision ROBERT ADD TO TOWN OF BOYNTON IN Official Records Boob 25904 Page 1678 Sale bate MAR 2013 Leal Description ROBERT ADDITION LTS 1 &4/LESS E 35 FT SR 5 R/W/ -- Mailing address Owners 4220 75TH ST W FBDC LLC BRADENTON FL 34209 6516 Sales bate Price OR Boot Page Sale'T'ype ChNner MAR-2013 $200,000 25904/01678 WARRANTY-DEED FBDC LLC FEB-1996 $64,600 09164/01076 WARRANTY DEED SEP-1988 $35,000 05801/01250 WARRANTY DEED No Exemption Information Available. I urn ser of IJnits 0 Square",Pcc",Total 1015 Acres 0.1069 JJse Code 1100- Zoning CBD-CBD CENTRAL BUSINESS STORES DISTRICT(08-BOYNTON BEACH) Tax Year 2020 2019 2018 Improvement Value $55,148 $54,418 $56,097 Land Value $122,200 $116,378 $112,979, Total Market Value $177,348 $170,796 $169,076' All values are as of January 1 st each year 'T'ax Year 2020 2019 2018 AsscsscdValue $177,348 $170,796 $169,076 E xemption Amount $0 $0 $0 Taxable Value $177,348 $170,796 $169,076 'T'ax Year 2020 2019 2018 Ad Valorem $3,795 $3,691 $3,561 Non Ad Valorem $467 $474 $474 Total tax $4,262 $4,165 $4,035 Page 1 of 2 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 08434521260040010 Property Address 521 N FEDERAL HWY Search performed by Bonnie Nicklien of Individuals(Florida)on Jan 7, 2021 at 06:58:30 A.M. PST Tracking Number: 1866528 Access PIN: 54216 (ITEM 1 of 3) Building Permit Application Number94-00001076 Application Date 03/16/1994 Fee Type PF-PERMIT FEES Amount Due $0.00 Application Type RM -RE-MODELING Application Status RJ -REJECTED OPEN APPLICATION For compliance please contact the Department of Development, Building Division via messaging. (ITEM 2 of 3) Building Permit Application Number 94-00001076 Application Date 03/16/1994 Fee Type PC-PLAN CHECK FEES Amount Due $0.00 Application Type RM -RE-MODELING Application Status RJ -REJECTED OPEN APPLICATION For compliance please contact the Department of Development, Building Division 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.netassets.net/messaging.html ` 1 Page 2 of 2 City of Boynton Beach Interest In Real Property (ITEM 3 of 3) Building Permit Application Number 97-00003317 Application Date 07/11/1997 Fee Type PC-PLAN CHECK FEES Amount Due -$35.00 Application Type DR-DRAINAGE Application Status RJ -REJECTED OPEN APPLICATION For compliance please contact the Department of Development, Building Division via messaging. (UTILITY 1 of 1) Utilities Customer Number ' 274021 Current Amount I $62.49 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 Code Compliance Cases and Liens were found. No outstanding Mowing and Maintenance Liens were found. SERVICE FEE FOR THIS REPORT PAID IN FULL: $115 This staterrent is furnished at the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or employees assurTtf,:-, no responsibility or liability whatsC3f,:-,'Vf,:-,r for thf,:-,authenticity or correctness of thf,:-, mai{:f,:-,rs sf,:-,t 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.netassets.net/messaging.html 41