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Agenda 06-03-21B N `ii%%%/j%% muq`Illl�m� 7uouuuuuuuuuuulll�� �IIIIIIIIIIIIII�III�IIIIIIIIIIIIIIIIIIII �IIIIIIIIIIIIIIIIII % uuuuuuouoou�� COMK�JIIPSHlrlll' :xl,,,wllllr�ilIrAG1IIP411"°"Y CRAAdvisory Board Meeting Thursday, June 3, 2021 - 6:30 PM Commission Chambers 100 E. Ocean Avenue 561-737-3256 XII' II S III'' IIIIIIIIJII' III' IIIIIIIIIIII 116111' AGENDA 1. Call to Order 2. Roll Call 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 4. Information Only 5. Public Comment 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes - May 6, 2021 7. Assignments A. Pending Assignments 1. Review of Commercial Properties within the CRAArea ""'I""' II111 11111111 5/6/Zl) 8. Future Agenda Items 9. Adjournment Notice THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITHA DISABILITYAN EQUAL OPPORTUNITY TO PARTICIPATE INAND ENJOY THE BENEFITS OF A SERVICE, PROGRAM OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256, AT LEAST 48 HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRNS WEBSITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDAAFTER IT IS PUBLISHED ON THE CRNS WEBSITE CAN BE OBTAINED FROM THE CRA OFFICE. B N `ii%%%/j%% �� muq�`Illl��m� �j��uouuuuuuuuuuull�l�� �IIIIIIIIIIIIII�III�IIIIIIIIIIIIIIIIIIII �IIIIIIIIIIIIIIIIII % uuuuuuouoou�� COMW�JIIPSHlrlll` :xl,,,wllllr�ilIrAG1IIP411"°"Y ADVISORY BOARD ITEM 6.A. CONSENT SUBJECT: Approval of CRA Advisory Board Meeting Minutes - May 6, 2021 SUMMARY: See attached minutes. CRAAB RECOMMENDATION: Approve May 6, 2021 CRA Advisory Board meeting minutes. ATTACHMENTS: Description May 6, 2021 CRA Advisory Board Meeting Minutes MINUTES OF THE CRA ADVISORY BOARD MEETING WEBEX ONLINE MEETING 100 E. OCEAN AVENUE BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, MAY 6, 2021 AT 6:30 PM PRESENT: Naomi Cobb (arr. 6:52) Angela Cruz (absent) Sharon Grcevic Joe Josemond Yonnne Skovron Golene Gordon STAFF: Michael Simon, CRA Executive Director Bonnie Nicklien, CRA Grants & Project Manager Vanessa Mutchnik, Prototype, Inc. Ms. Nicklien gave the introductory statement for participating in this WebEx Online Meeting. 1. Call to Order — The meeting was called to order Michael Simon, at 6:33 PM. 2. Roll Call - Roll was called, and it was determined a quorum was present. Mr. Simon stated that the CRA Advisory Board had new members. He requested for Board members to introduce themselves. Ms. Grcevic stated that she was in real estate and has been a resident of Boynton Beach for 23 years. Ms. Gordon stated she was in real estate and this is her 2nd term serving on the Board. Ms. Skovron stated she was in real estate and was excited to join the Board. Mr. Josemond stated that he works for the City of Boynton Beach and was very happy to join the Board and understand the inter -workings of this Board. Mr. Simon introduced Aimee Kelley (not present). He stated she was just appointed to the Board on Tuesday and will be an active member starting in June. Mr. Simon stated that the Board currently does not have a chair. He requested to know if the Board wished to appoint a chair at tonight's meeting or wait until they have a full Board in June. Meeting Minutes CRA Advisory Board Boynton Beach, Florida May 6, 2021 Motion was made by Ms. Gordon, seconded by Ms. Grcevic, to wait to appoint a chair until the June meeting. In a voice vote, the motion passed unanimously (4-0). Mr. Simon stated that he would serve as the chair for tonight's meeting. 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda — None B. Adoption of Agenda Motion was made by Ms. Gordon, seconded by Ms. Grcevic, to adopt the agenda. In a voice vote, the motion passed unanimously (4-0). 4. Information Only — None 5. Public Comment — None 6. Consent A. Approval of CRA Advisory Board Meeting Minutes — April 1, 2021 Motion was made by Ms. Cobb, seconded by Ms. Grcevic, to approve the minutes of the April 1, 2021 Board meeting. In a voice vote, the motion passed unanimously (5-0). 7. Assignments A. Pending Assignments 1. Review of Commercial Properties within CRA Area Mr. Simon stated that the CRA Board reviewed and accepted the categorizations of the properties from the last CRAAB meeting and has created a new assignment, to look at a wider area of the CRA District, this time for commercial properties for sale. Similarly, this Boards is asked to review the property, discuss if necessary, and determine in which of these three following categories the property would fall: • Pursue now as a land banking opportunity. • Pursue at a future date. • Does not fit the CRA Mission. From the Notice Agenda (see attached), the following properties were presented - 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida May 6, 2021 • 417 NE 6t" Avenue o North of Boynton Beach Boulevard, industrial area 0 8 -minute drive to Boynton Beach Commuter Rail (Tri -County Commuter) and 23 -minute drive Palm Beach International Airport o Currently an auto body and towing company 0 1,609 SF o Listing price $529,000 • 609 N. Railroad Avenue o Industrial area in the heart of Boynton Beach 0 8 -minute drive to Boynton Beach Commuter Rail (Tri -County Commuter) and 23 -minute drive Palm Beach International Airport 0 9,627 SF 0 0.42 AC o Listing price $1,699,999 • 3377 North Federal Highway 0 1,220 SF 0 12 -minute drive to Delray Beach Commuter Rail (Tri -County Commuter) and 25 -minute drive to Palm Beach International Airport o Listing price $599,000 • 3351 North Federal Highway o Currently Wicker & Rattan Furniture 0 5,000 SF 0 12 -minute drive to Delray Beach Commuter Rail (Tri -County Commuter) and 26 -minute drive to Palm Beach International Airport o Listing price $1,499,000 Mr. Simon explained the purpose of the Board is to make recommendations to the City Commission on purchasing these properties. He stated that the City would not be buying the business. He added that it is more of an opportunity to enhance the area or buy up a property that is the last corner of the City. Ms. Skovron stated that, being new to Board and hearing about these properties for the first time, she would like to I would like to go to these properties in person and give her opinion at the next meeting. Motion was made by Ms. Cobb, seconded by Ms. Grcevic, to table discussion and ranking of assignments until the June meeting. In a voice vote, the motion passed unanimously (5-0). B. New Assignments — No new assignments 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida 8. Adjournment May 6, 2021 Motion was made by Ms. Cobb, seconded by Ms. Grcevic, to adjourn the meeting. In a voice vote, the motion passed unanimously (5-0) and the meeting was adjourned at 7:14 PM. Attachments: Presentation of Commercial Properties within CRA Area [Minutes transcribed by V. Mutchnik, Inc.] EI B N `ii%%%/j%% muq`Illl�m� �uouuuuuuuuuuulll�� �IIIIIIIIIIIIII�III�IIIIIIIIIIIIIIIIIIII �IIIIIIIIIIIIIIIIII % uuuuuuouoou�� COMW�JIIPSHlrlll` :xl,,,wllllr�ilIrAG1IIP411"°"Y ADVISORY BOARD ITEM A.1. PENDING ASSIGNMENTS SUBJECT: Review of Commercial Properties within the 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. Of the properties for sale (see Attachment 1), categorize them as one of the following options: • Pursue now as a land banking opportunity; or • Pursue at a future time to be determined by the CRA Board; or • Do not pursue because it does not fit the CRA mission Pursue Now as a Property Address Land Banking pursue at a Future Does not Fit the Opportunity Date CRA M ission 417 NE 6th Avenue 609 N. Railroad Avenue 3377 N. Federal Highway 3351 N. Federal Highway FISCAL IMPACT: To be determined. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAAB RECOMMENDATION: To be determined. ATTACHMENTS: Description D Attachment I - CoStar Property Report Property Summary Report 417 NE 6th Ave Boynton Beach, FL 33435 - Boynton Beach Submarket PARCEL SALE F:, ()ii Sde $529,000 ($328.78/SF) Cap FRatty 10.00% Sall: Type Investment or Owner User Status Active TENANTS Eastern Towing PROPERTY CONTACTS allues Cor nlpairnC Eastern Auto Body 417 NE 6th Ave Boynton Beach, FL 33435 FC,ea,x)i ded Owi neii Floering David 417 6th Ave Boynton Beach, FL 33435 (561)369-4356(p) BUILDING Lyle Ibirnairn«,y '"eau Iltuuullt VCIIt tori iies IClpkii all V Il()oii C of nsh wu« tk)i n LAND Zo irn ii irng EXPENSES Taxes LOADING V (x*s None C;uairnes None din /�iir°_%ia 0.24 AC M1 $3.72/SF (2020) Dii iive Ilins 1 tot. VCaull Spots None 6 available (Surface);Ratio of 3.73/1,000 SF 8 min drive to Boynton Beach Com- muter Rail (Tri -County Commuter) 23 min drive to Palm Beach Interna- tional Airport Very Walkable (71) Minimal Transit (0) Floering David 417 6th Ave Boynton Beach, FL 33435 (561)369-4356(p) Copyrighted report licensed to CoStar Group c 4/30/2021 CQStar„ Page 5 609 N Railroad Ave Boynton Beach, FL 33435 - Boynton Beach Submarket PARCEL POWER & UTILITIES 3p ttullutues Heating - Electric, Lighting - Fluores- cent, Sewer - City, Water - County FOR LEASE r nallllest li.sarc. e 3,000 SF ICMax C of ntuguuouua 3,000 SF # of Slpwarc :s 1 Vwaa alrnt 9,267 SF 0/o II eased 0% VR,e in t $15.00 t:i vkVG e Type Double Net %iir°-%i'061 BUILDING Iylpe 2 Star Industrial Warehouse Ibi nairn« y Multi lebau' Iltuuullt 1960 VRJ[31A 9,267 SF Stoiii lit: 1 . ICpku« all o11 9,267 SF .. C;eflhiirng U Ilt 12 C of nsh mu tk)irn Masonry LAND and rc:'iies 0.42 AC Zoirfling mi EXPENSES Lazes $1.96/SF (2020) LOADING V nx*s None Dii iive Ilins 4 tot. Spots 1p eta None FEATURES • 24 Hour Access • Air Conditioning • Fenced Lot • Storage Space • Ya rd ndu.0 h Ball Avafll 3,000 SF Copyrighted report licensed to CoStar Group c 4/30/2021 CQStar„ Page 6 609 N Railroad Ave Boynton Beach, FL 33435 - Boynton Beach Submarket AVAILABLE SPACES Floor Suite Use Type SF Available Fir Contig Bldg Contig Rent Occupancy Term P 1st Industrial Direct 3,000/500ofc 3,000 3,000 $15.00/NN Vacant Negotiable We have a wauuulhouuse kuu ueint and also, a offllk« e kuu ueirnt Iltuutlh auun 3,000 vntnt SALE Bowen Realty alle $1,699,999 ($183.45/SF) Salle type Investment or Owner User Statuua` Active Last Sale muter Rail (Tri -County Commuter) uulld V u'krc e $1,000,000 ($107.91/SF) Data; Jul 2019 Salle type Investment U uinaim�Jing Down Payment of $100,000 (10%) Unknown: Branch Banking & Trust Company TENANTS All My Sons Moving & Storage PROPERTY CONTACTS urrnautn II easing C o nnlsairntn Piling Plus Inc 609 N Railroad Ave Boynton Beach, FL 33435 (954)520-5068(p) flue Owi neii Eric Newmark 4856 Bocaire Blvd Boca Raton, FL 33487 (954)520-5068(p) V i evuuuuuv flue uue Owirnuuu Drapery Castle, Inc. 1220 SW 35th Ave Boynton Beach, FL 33426 (561)752-5585(p) (561) 276-3378 (f) TRANSPORTATION Bowen Realty V'au'Ikiii ng 25 available (Surface);Ratio of 2.70/1,000 SF C o nnunnuuteii Vkaull 8 min drive to Boynton Beach Com- muter Rail (Tri -County Commuter) ,ilii lipoiii t 23 min drive to Palm Beach Interna- tional Airport Walk W,uuuu us Very Walkable (71) io airnaut W,uuu'u @ Minimal Transit (0) Salkaa C o nnl sairntn Bowen Realty K!9 12769 W Forest Hill Blvd Wellington, FL 33414 (561)429-2070(p) V k,ea;x)i ded Owirneii THE 4856 GROUP LLC 4856 Brocaire Blvd Boca Raton, FL 33487 Copyrighted report licensed to CoStar Group c 4/30/2021 CQStar„ Page 7 Property Summary Report 3377 N Federal Hwy Boynton Beach, FL 33483 - Delray Beach Submarket PARCEL din /�iir°_%ia BUILDING Type 1 Star Retail Freestanding lbi nai na Single lebau. Iltuuullt 1979 XII A 1,220 SF TRAFFIC & FRONTAGE Iypk,all o11 1,220 SF .. D(x*s None C of nsh wu« tk)i n Masonry LAND and Arc: fes 0.15 AC Zoirfling C3 EXPENSES Lazes $3.20/SF (2020) TENANTS Pawn or Cash Inc 1,605 SF Super Clean Property Rescue SALE TRAFFIC & FRONTAGE alle $599,000 ($490.98/SF) lo'a'd"d"ikrc Wflluurre 22,543 on N Federal Hwy & Chukker Rd N (2020) Salla: dype Investment or Owner User 28,624 on Federal Highway & Intra - Status Active coastal Rd SE (2020) Last Sale U o of ntage 100' on N Federal Hwy ttlld V If�kG e $437,680 ($358.75/SF) IVI M irewilh I'r MIhrI CA[l)(0) I i n u'lc Date Feb 2020 Copyrighted report licensed to CoStar Group c 4/30/2021 CQStar„ Page 3 3377 N Federal Hwy Boynton Beach, FL 33483 - Delray Beach Submarket PROPERTY CONTACTS V'uiiurnauC II easing Cornpainy AlvIMT F�)ievk)us flue Owineii Anaheim Properties, Inc. 1155 SW 25th Ave Boynton Beach, FL 33426 (561) 369-5993 (p) (561 ) 369-7106 (f) 631 Hummingbird, 1-1-C. 6023 LeLac Rd Boca Raton, FL 33496 (561) 338-5080 (p) Lesli 3377 N Fed Highway 1-1-C 9193 Delemar Ct Wellington, FL 33414 (561) 290-3987 (p) Salles Cornpainy AlvIMT F�)ievk)us flue Owineii Anaheim Properties, Inc. 1155 SW 25th Ave Boynton Beach, FL 33426 (561) 369-5993 (p) (561 ) 369-7106 (f) Peters 3377 N Fedl Highway Ll 6023 Le Lac Rd Boca Raton, FL 33496 Douglas Peters 6023 LeLac Rd Boca Raton, FL 33496 (561) 516-1355 (p) Copyrighted report licensed to CoStar Group # c T- 4/30/2021 .x Page 4 3351 N Federal Hwy -Wicker & Rattan Furniture Delray Beach, FL 33483 - Delray Beach Submarket PARCEL TENANTS All About Wicker LLC AMENITIES • Signage BUILDING Lyle Ibirnairn«,y Yeau Iltuuullt G.X tori iies IClpkii all V Il()oii Ct(x*s C of nsh wu« tk)i n LAND Zo irn ii irng EXPENSES Taxes SALE F:()ii Sde albs Type Status Copyrighted report licensed to CoStar Group %iir°-%i'061 0.50 AC CG $2.57/SF (2020) $1,499,000 ($299.80/SF) Investment or Owner User Active 12 available (Surface);Ratio of 2.40/1,000 SF 12 min drive to Delray Beach Com- muter Rail (Tri -County Commuter) 26 min drive to Palm Beach Interna- tional Airport Car-Dependent(39) Minimal Transit (0) c 4/30/2021 CQStar„ Page 1 3351 N Federal Hwy -Wicker & Rattan Furniture Delray Beach, FL 33483 - Delray Beach Submarket PROPERTY CONTACTS V'u iiuma y Ileasing CCor nlpairny V'u a vk)u.ua flue Owi neii SALE HIGHLIGHTS • 200 Ft FRONTAGE ON US1 Chris Lowry Realty Services 80 N 4th Ave Delray Beach, FL 33483 (561)523-3939(p) (561) 279-7167 (f) Gerardo & Linda S Acosta 4807 N Lee Rd Delray Beach, FL 33483 (561)638-9215(p) Gerardo & Linda S Acosta 4807 N Lee Rd Delray Beach, FL 33483 (561)638-9215(p) • GREAT VISIBILITY • GREAT PARKING • CONVENIENTLY LOCATED BETWEEN BOYNTON BEACH & DELRAY BEACH • High Traffic Count Copyrighted report licensed to CoStar Group %iir°-%i'061 Chris Lowry Realty Services 80 N 4th Ave Delray Beach, FL 33483 (561)523-3939(p) (561) 279-7167 (f) Gerardo & Linda S Acosta 4807 N Lee Rd Delray Beach, FL 33483 (561)638-9215(p) c 4/30/2021 CQStar„ Page 2