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Agenda 03-20-25
1.Call to Order 2.Invocation 3.Pledge of Allegiance 4.Roll Call 5.Agenda Approval 6.Legal A.House Bill 991 7.Informational Items and Disclosures by Board Members and CRA Staff: 8.Information Only A.Semi-Annual Progress Report for the Development Agreement with Wells Landing Apartments, LLC d/b/a Heart of Boynton Shops (September 2024 - February 2025) B.Annual Progress Report for the TIRFA Agreement with Wells Landing Apartments, LLC d/b/a Heart of Boynton Village Apartments and Shops 9.Announcements and Awards A.Boynton Beach Spring Market Announcement B.Announcement of Government Finance Professionals Week Community Redevelopment Agency Board Meeting Thursday, March 20, 2025 - 6:00 PM City Hall Chambers, 100 E. Ocean Avenue and Online Meeting 561-737-3256 AGENDA REVISED 03/18/2025 A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda A. Disclosure of Conflicts, Contacts, and Relationships for Items Presented to the CRA Board on Agenda 1 10.Public Comments 11.Consent Agenda A.CRA Financial Report Period Ending February 28, 2025 B.Approval of the Commercial Property Improvement Grant Program in the Amount of $30,750 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 C.Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $21,000 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 D.Approval of the Commercial Property Improvement Grant Program in the Amount of $26,900 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in the Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106 E.Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $11,550 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106 F.Approval of the Commercial Property Improvement Grant Program in the Amount of $28,125 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103 G.Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $11,307.48 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103 H.Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $21,000 to The M Salon & Spa LLC d/b/a Nails & Co. located in 500 Ocean at 510 E. Ocean Avenue, Unit 104 I.Approval of Fiscal Year 2024-2025 Budget Amendment for Unreserved Fund Balance J.Approval of 500 Ocean Performance Audit for Year Ending December 31, 2024, for Compliance with the Direct Incentive Funding Agreement K.Approval of the Second Addendum to the Purchase and Sale Agreement for 225 NE 9th Avenue for an Extension of Time 12.Pulled Consent Agenda Items The public comment section of the meeting is for public comment on items on the consent agenda or items that are not on the agenda. For items on the agenda, the public will be given an opportunity to comment at the time each item is considered. Each speaker will be given a total of three (3) minutes to comment; however the Board retains the right to reduce the number of minutes prior to the start of public comment. Persons making public comment may not assign or donate their public comment time to another individual to allow that other individual additional time to comment; however, any persons requiring assistance will be accommodated as required by the Americans with Disabilities Act. Prior to addressing the Board, please go to the podium or unmute your device when prompted, and state your name and address for the record. 2 13.CRA Advisory Board A.Pending Assignments - Assignments from the CRA Board Assigned at the February 13, 2024 and the January 14, 2025 CRA Monthly Board Meetings B.Reports on Pending Assignments 14.Old Business A.Discussion and Consideration of the Preliminary Design for the MLK Entry Feature Park on the CRA-Owned Property Located at 1101 N. Federal Highway - REVISED 03/18/2025 B.Discussion and Consideration of Lease Amendment between Boynton Beach CRA and Cafe Barista, Inc. d/b/a Hurricane Alley C.Continued Discussion and Consideration of Tax Increment Financing Request from Time Equities Inc. for Phase I and Phase II of the Town Square Project located at 120 SE 1st Avenue and 100 E. Boynton Beach Boulevard - REVISED 03/18/2025 15.New Business A.Discussion and Consideration of the Purchase of 135 NE 3rd Avenue B.Discussion and Consideration of an Auditor Selection Committee for an RFP for Auditing Services C.Discussion and Consideration of the CRA Owned Property Located at 211 E. Ocean Avenue 16.CRA Projects in Progress A.MLK Jr. Boulevard Corridor Mixed-Use Project Update (d/b/a Heart of Boynton Shops) B.CRA Economic & Business Development Grant Program Update C.Social Media & Print Marketing Update 17.Future Agenda Items A.Continued Discussion and Consideration of the Second Amendment to the Purchase and Development Agreement between the CRA and BB QOZ, LLC for the 115 N. Federal Highway Mixed Use Project (The Pierce) 18.Adjournment NOTICE IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE CRA BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, HE/SHE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. (F.S. 286.0105) THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256, AT LEAST 48 HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRA'S 3 WEB SITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRA'S WEB SITE CAN BE OBTAINED FROM THE CRA OFFICE. 4 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 LEGAL AGENDA ITEM 6.A SUBJECT: House Bill 991 SUMMARY: House Bill 991 was filed February 24, 2025. Most recently, on March 11, 2025, it was added to the State Affairs Committee agenda for consideration. The bill, if enacted, would have a significant impact on the operations of this agency. Specifically, the bill provides that “[a] community redevelopment agency may not initiate any new projects or issue any new debt on or after October 1, 2025.” If adopted, this language would severely limit the ability of the BBCRA to continue operating as it has in the past and would prohibit the creation of new initiatives moving forward. The bill also contains proposed changes that likely would not affect the BBCRA. For example, the bill provides that no new CRAs could be created after July 1, 2025, and all CRAs would terminate on September 30, 2045. Because the BBCRA is set to sunset in 2044, these changes are unlikely to have a noticeable effect on the BBCRA. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Direct legal counsel to monitor the legislation and update the Board and Board members of any new developments. 2. Direct legal counsel to engage in legislative process. 3. Other actions to be determined by the Board. 5 •Attachment I - MLK Jr Blvd Project Site Plan - North •Attachment II - MLK Jr Blvd Project Site Plan - South COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 INFORMATION ONLY AGENDA ITEM 8.A SUBJECT: Semi-Annual Progress Report for the Development Agreement with Wells Landing Apartments, LLC d/b/a Heart of Boynton Shops (September 2024 - February 2025) SUMMARY: As a result of the issuance of a Request for Proposals (RFP) and Developer Qualifications (RFQ), the CRA Board selected Centennial Management Corporation (CMC) as the developer at their January 8, 2019 Board meeting, for the mixed-use redevelopment (n.k.a. Wells Landing Apartments, LLC d/b/a Heart of Boynton Village Apartments and Heart of Boynton Shops) on the CRA owned properties located within the E. Martin Luther King Jr. Boulevard Corridor. The mixed-use development will provide 124 affordable multi-family rental units as well as 8,250 square feet of leasable neighborhood serving commercial space (see Attachments I-III). Under the terms of the Commercial Development Agreement (see Attachment IV) that was executed on February 1, 2022, CMC was required to submit a semi-annual progress report every six month starting from the effective date until project completion (see Attachment V). Representative from CMC have been invited to attend the March 20, 2025 Board meeting. FISCAL IMPACT: Fiscal Year 2021-2022 Budget; Project Fund Line Item 02-58200-406 - Local Government Match Contribution $625,750 and Commercial/Retail Component $2,300,815 (commercial component); TIRFA $1,630,280 and $433,008.45 Second Development Agreement for the Residential Component. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach CRA Community Redevelopment Plan CRA BOARD OPTIONS: No action required unless otherwise determined by the Board. ATTACHMENTS: Description 6 •Attachment III - MLK Jr. Blvd. Mixed Use Development Project Renderings •Attachment IV - MLK Jr Commercial Development Agreement •Attachment V - Commercial Development Report 7 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 1' = 20'-0"0 10'20'40'A-1 ARCHITECTURAL SITE PLAN ARCHITECTURAL SITE PLAN AS-101 NOT TO SCALEA-3 KEY PLAN AS-101 1 NORTH PARCEL SOUTH PARCEL CL CL 1/16" = 1'-0"0 8'16'32'A-2 TURNING RADIUS DETAIL EAST MARTIN LUTHER KING JR. BLVD. NE 11th AVENUE 7 8 11 COMMERCIAL 4,294 SF 6 COMMERCIAL 4,236 SF 9 8 10 10 COVERED BIKES RACKS SEE DETAIL D4/AS-102 3 3 FH 5 5 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 E.V.CHARGING STATIONS (5) FFE 16.5 FFE 16.5 15.04 14.75 14.33 14.19 BENCHS NOT TO SCALED1PRE-CAST SITE WALL DETAIL PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE WALL COLUMN FOOTING COLUMN FOOTING BOLARD SEE DETAIL A1/AS-102 1 DART COMMENTS 09-10-2020 1 1 2 1 1 2 1 1 2 1 1- SITE PLAN SHALL MEET CPTD DESIGN STANDARDS 2- BUILDING TO BE FULLY SPRINKLERED NOTES: 3- ALL PORTION OF BLDG AREA WITH 450 OF F.D. ACCESS PER NFPA 1-18.2.3.2.2 STREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c) OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILED AS SUCH IN PERMIT PLAN 1 OUTDOOR SEATING AREA 846 SF OUTDOOR SEATING AREA 846 SF PUBLIC EVENT PLAZA 2,090 SF TRASH AREA2 2 2 2 2 2 2 DART COMMENTS 09-21-2020 NORTH 2 2 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 2 EAST MARTIN LUTHER KING JR. BLVD.WELLS LANDINGNORTHBUILDING2% SLOPE FFE 16.5 FFE 15.0 1/8" = 1'-0"0 4'8'16'D2 STREET - PLAZA SECTION A A A 1 3 DART COMMENTS 10-08-2020 3 3 3 3 8 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 38-9" ROOF TOP 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 38-9" ROOF TOP 38-9" ROOF TOP 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 ELEVATION PLAN A-201 3/32" = 1'-0"0 8'16'24'A-1 SOUTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-2 NORTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-3 WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-4 EAST ELEVATION 3/32" = 1'-0"0 8'16'24'A-5 CENTRAL - PLAZA WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-6 CENTRAL - PLAZA EAST ELEVATION ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT 1 DART COMMENTS 09-10-2020 1 1 1 1 11 1111 2 DART COMMENTS 09-21-2020 NORTH 2 3 DART COMMENTS 10-08-2020 3 3 3 3 9 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 COLOR ELEVATION PLANS A-202 NOT TO SCALEA-1 SOUTH ELEVATION NOT TO SCALEA-2 NORTH ELEVATION NOT TO SCALEA-3 WEST ELEVATION NOT TO SCALEA-4 EAST ELEVATION 1 DART COMMENTS 09-10-2020 1 01 02 03 04 05 06 07 A-5 MATERIAL & COLOR LEGENDS A-6 MATERIAL NOTES STANDING SEAM METAL ROOF. ON THE ROCKS (SW7671) BY SHERWIN WILLIAMS OR SIMILAR 1.ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS OR RAIN WATER LEADERS WILL BE CONCEALED IN ARCHITECTURAL ELEMENTS. 2.ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BE PAINTED TO MATCH BUILDING COLORS CONCRETE PANEL SCORED STUCCO & STUCCO: SPARE WHITE (SW6203) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: TOPIARY TINT (SW6449) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: BLUEBELL (SW6793) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: PINEAPPLE CREAM (SW1668) BY SHERWIN WILLIAMS OR SIMILAR PAINT: GREEK VILLA (SW7551) BY SHERWIN WILLIAMS OR SIMILAR 2 DART COMMENTS 09-21-2020 NORTH 2 01 01 01 01 01 01 01 01 01 01 01 01 01 0202 02 02 02 02 0202 03 03 03 03 03 03 03 03 0303 03 0303 03 03 03 03 04040404 04 04 04 04 04 0404 04 0505 05 05 0505 05 05 0606 06 06 0606 06 07 0707 07 07 07 07 07 07 07 0707 2 2 2 03 03 10 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 FIRST AND SECOND FLOOR PLAN A-101 1/8" = 1'-0"0 4'8'16'A-1 FIRST FLOOR PLAN 1/8" = 1'-0"0 4'8'16'A-2 SECOND FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" OPEN COVERED PLAZA COMMERCIAL #1 COMMERCIAL #2 COMMERCIAL #3 COMMERCIAL #4 COMMERCIAL #5 COMMERCIAL #6 COMMERCIAL #7 COMMERCIAL #8 LOBBY COMMON TRASH ROOM 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 333 3 3 3 3 DART COMMENTS 10-08-2020 11 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 THIRD FLOOR PLAN A-102 1/8" = 1'-0"0 4'8'16'A-1 THIRD FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 12 EAST MARTIN LUTHER KING JR. BLVD. NE 9th AVENUE NE 11th AVENUE 14 13 ZONE DISTRICT: C-2 Gross Land: 55,183 (s.f.) Net Land: 1.27 acres Water Bodies: 0 LANDSCAPE LEGEND - COMMERCIAL (NORTH) REQ.PROV. TOTAL NUMBER OF TREES (ALL PALMS IN 3:1 RATIO) 292 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery. STREET TREES (South - East MLK Blvd.): 300 l.f. (1 tree / 20 l.f.)15 TOTAL NUMBER OF SHRUBS, GROUNDCOVERS 60 1,363 63 15 PERIMETER BUFFER Requirements: North (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: West (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: East (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. 15 98 (295 L.F.) 15 (295 L.F.) 15 96 (287 L.F.) 15 (287 L.F.) * IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT * ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL 103 117 15 98 (295 L.F.) 15 (295 L.F.) 133 155% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE 219 DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL SHRUBS AND GROUNDCOVERS DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL TREES LANDSCAPE LIST - NORTH PARCEL ST. AUGUSTINE GRASS Stenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAs Required 12 14' HT. X 6' SPR. 4" DBH. F.G. 10 31 3 F.G., "CHARACTER" SPECIMENGUMBO LIMBO *Bursera simaruba 14' HT. X 6' SPR. 4" DBH. 14' HT. X 6' SPR. 4" DBH.*Coccoloba diversiflora PIGEON PLUM F.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH. F.G. 27CV 172DE 635FM 347IT 154JV 167MC 435PM Codieaum variegatum 'Mammey' RED - YELLOW CROTON 3 GAL. 18" HT. X 18" SPR. / 18" O.C. 3 GAL. 18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound' GOLD MOUND DURANTA Ficus microcarpa 'Green Island' GREEN ISLAND FICUS 3 GAL. 15" HT. X 15" SPR. / 18" O.C. DWARF IXORA Ixora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C. 3 GAL. * DENOTES NATIVE SPECIES 24" HT. X 24" SPR. / 24" O.C.Jasmine volubile WAX JASMINE 3 GAL. 3 GAL. 24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillaris PINK MUHLY GRASS 7 GAL. 36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllus PODOCARPUS [BUTTERFLY ATTRACTIVE] LIVE OAK "HIGH RISE" *Quercus virginiana 'High Rise' 6 5 F.G., TOPIARY 12'-14' O.A. HT.Elaeocarpus decipiens JAPANESE BLUEBERRY 32AC 15HP Asclepias curassavica MILKWEED 3 GAL. 24" HT. X 24" SPR. / 24" O.C. [BUTTERFLY ATTRACTIVE] [BUTTERFLY ATTRACTIVE] 24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact' DWARF FIREBUSH 3 GAL. Ptychosperma elegans 'single'20' O.A. HT., SINGLE F.G.SINGLE ALEXANDER PALMS 14CG2 *Clusia guttifera SMALL LEAF CLUSIA 7 GAL. 36" HT. X 24" SPR. / 24" O.C. NORTHSHEET INDEX: L-1 INDEX L-2 LANDSCAPE PLAN L-3 LANDSCAPE DETAILS Scale: 1" = 40'-0" KEY PLAN Drawing: Index Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-1 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLINDEX09.24.20201) DART Comments / Site Plan LDC Seal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACTL-2 SEE SOUTH PARCEL LANDSCAPE PLANS FOR LANDSCAPE IN THIS AREA IRRIGATION NOTE: 100% IRRIGATION COVERAGE WILL BE PROVIDED AT TIME OF PERMITTING SABAL PALMS (IF APPLICABLE) ARE TO BE INSTALLED WITH FRONDS CUT AT 10-2, NOT HURRICANE CUT ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL TREES AND PALMS SHALL BE FLORIDA GRADE 1 AT TIME OF PLANTING. ANY PRUNING SHALL BE DETERMINED BY THE LANDSCAPE ARCHITECT AND/OR AN ARBORIST FIRE DEPARTMENT ACCESS ROADS SHALL HAVE AN UNOBSTRUCTED VERTICAL CLEARANCE OF NOT LESS THAN 14' NFPA IF APPLICABLE, SAFETY CAPS SHALL BE INSTALLED ON ALL #5 REBAR USED FOR TREE BRACING 1 1 1 13 EAST MARTIN LUTHER KING JR. BLVD.20'-0" O.C.,TYP.LAWN NE 11th AVENUE LAWNLAWNDOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW COMMERCIAL COMMERCIAL 13 LAWNLAWNDOUBLE ROW DOUBLE ROW LAWN2'-0" PARKING OVERHANG, TYP. 20'-0" O.C., TYP.20'-0" O.C.,TYP.2'-0" PARKING OVERHANG, TYP.20'-0" O.C.,TYP.LAWN FM 53 IT 32 CV 3 FM 55 FM 53 IT 75 CV 3 MC 10 HP 15 FM 55 CG2 14 FM 50 IT 50 CV 3 MC 10 FM 30 IT 8 CV 3 MC 5 IT 62 CV 3 MC 12 FM 72 FM 40 IT 60 CV 3 MC 20 FM 50 IT 20 CV 3 MC 7 20'-0" O.C., TYP. DE 27 FM 25 EXISTING TREE TO REMAIN, TYP. (SEE NORTH PARCEL DISPOSITION PLANS FOR DETAILS)15'-0"15'-0"15'-0"15'-0" SIGHT-TRIANGLE, TYP. (ANY LANDSCAPE WITHIN SHALL BE MAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0" MC 8 IT 40 PM 24 SEE "LARGE TREE PLANTING DETAIL" ON SHEET L-3 FOR BRACING DETAILS LAWN FM 67 CV 3 DE 80 MC 20 JV 62 PM 252 FM 60 CV 3 DE 65 MC 15 JV 92 PM 159 DOUBLE ROWDOUBLE ROW FM 25 MC 60 5 BEDS 5 BEDS AC 32 SEE "LARGE TREE PLANTING LAWN NORTH Scale: 1" = 20'-0" LANDSCAPE PLAN Drawing: Landscape Plan Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-2 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLLANDSCAPE PLANSeal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACT SEE SOUTH PARCEL LANDSCAPE PLANS 09.24.20201) DART Comments / Site Plan LDC 1 14 Know what'sR15 74-2018No.DescriptionDateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENTƑ WILLIAM J. GALLO FL AR0008440Ƒ BRIAN P. HERBERT FL AR0015474MARTIN LUTHERKINGCOMMUNITYNORTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANNORTHEPH-101N1' = 20'-0"010'20'40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription4WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount10SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.555.01.02.555.00SpillIlluminanceFc0.040.30.0N.A.N.A.16 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 334351' = 20'-0"010' 20'40'ARCHITECTURALSITE PLANSOUTH PARCELAS-101NE 9th AVENUEENENOT TO SCALESOUTH WESTUTESWWBUILDINGBINNNLOADINGTRASH CHUTEAS-101 1SOUTH PARCELSSSOUTH EASTSOH ESSBUILDINGILDGA-101 1A-103 1LOADINGTRASH CHUTE6910393668810TRASHASASROOMMMMOMOMOOMRMOMMROOMOMMROOROOOOOOOOMROOMROOMTRASHHHSHSHSHHHSSHSHSHSSSSSSSROOMROOOROOROOOOASINGLEAFITNEESS710710998888810COMMONCCCCCCCCCCCCCCCCCCCCCCCCCNNNNNNNNNNNOO1091- SITE PLAN SHALL MEET CPTDDESIGN STANDARDS2- BUILDING TO BE FULLY SPRINKLERED3- DEVELOPER TO EXPLORE CROSSACCES EASEMENT W/ CVS SITENOTES:Note # 3FHFHFHFH1/16" = 1'-0"0 8' 16' 32'E.V..VCHARGINGCHGINSTATIONS (5)TATNS BENCHSNCNOT TO SCALE11116'-0" PRECAST'-0RECTCONCRETE WALLCOCRWTECAS6'-0" PRE6'PRTSALLTEWACONCRETCCE WLS-101A3/ASEE DETAIL ADEAL AS-ASCLCCCLCCPRE CASTCONCRETE CAPPRE CASTCONCRETECAPPRE CASTCONCRETE CAPPRE CASTCONCRETEWALLCOLUMNFOOTINGCOLUMNFOOTING15.0414.7514.3314.19114.12FFE 16.5FFE 16.5FFE 16.5E 16.5FFEFFE 16.50ECHARGINGCRGGGGSTATIONSSIO1BOLARDOOOSEE DETAIL A1/AS-102SEE DETAIL A1/AS 102SEE DETAIL A1/AS 102BOLARDSEE DETAIL A1/AS-10210DDCOVEREDDDDDKKSBIKES RACKKK02AAS-10SEE DETAIL D4/AAA2AACOVEREDOEDBIKES RACKSBIKRASEE DETAIL D4/AS-102E DAIL/A024- ALL PORTION OF BLDG AREA WITH 450OF F.D. ACCESS PER NFPA 1-18.2.3.2.2LESS THAN 150'-0"IRRIGATION TO BEIRRIGATION TO BEPROVIDED TO PLANTERSIRRIGATION TO BEPROVIDED TO PLANTERSSTREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c)OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILEDAS SUCH IN PERMIT PLAN101000SHADED SEATING548 S.F.LINEAR PLAZALNEAARPLAAZAAAAZLAPRAENLAZAALPAREANLIAAZLAPRAENLAZAALPAREANLI2,021 S.F.,01,2101022 021 S F20221SF21022SFSF S.FSF S.F.F02,2,2,02021 S1 S.F.FOPEN PLAY AREA3,500 S.F.MOUNTABLE CURBPUBLIC PLAZA443 S.F.1DART COMMENTS 09-10-20202DART COMMENTS 09-21-202032322222220'-0" FIRE LINE SOUTH2FFFFFFFFFFFFFFFFFFFF222223NEIGHBORHOOD COMMERCIAL (1)IGORODOMRCL (1OONEIGHBORHHOOD COMMERCIAL (2)NGHBHHOD CMMCIA2)RRRESIDENTIALIDIADUPLEX R-2DUX 3DART COMMENTS 10-08-2020333333317 11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH WEST BLDG.A-2033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH22218 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH WEST BLDG.A-2041DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORS3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'2DART COMMENTS 09-21-2020SOUTH201020304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARCONCRETE PANELSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR2220101010101010101010101010101010101010101010101010101020303030303030303030303030303030303030303030303030303030303030304040404040404040404050505050505050505050505060606060606060607070707070707070719 12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH EAST BLDG.A-2013/32" = 1'-0"08'16'24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH220 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH EAST BLDG.A-2021DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORSNOT TO SCALENOT TO SCALENOT TO SCALENOT TO SCALE2DART COMMENTS 09-21-2020SOUTH2010304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR222010101010101010101010101010101010101010101010101010101010101010303030303030303030303030303030303030303030303030303030303030404040404040404040404040505050505050505050505060606060606060606060606070707070707070707070707070707070721 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST AND SECONDFLOOR PLANSOUTH EAST BLDG.A-1013/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT222TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITTTTTTYPE "C"COMMONNNNTRASHROOM2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTTTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT22TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTYPE "C"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITTTTTYPE "D"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITBBTYPE "B"2 BEDROOMS UNITTTTTTTYPE "E"2DART COMMENTS 09-21-2020SOUTH2PORCHPORCHPORCHPORCHPORCH2222222 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH EAST BLDG.A-1023/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "B"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "E"2DART COMMENTS 09-21-2020SOUTH223 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST & SECONDFLOOR PLANSOUTH WEST BLDG.A-1033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"COMMONTRASHROOMCOMMON1 BEDROOM UNITTYPE "F"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"2DART COMMENTS 09-21-2020SOUTH22224 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH WEST BLDG.A-1043/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2DART COMMENTS 09-21-2020SOUTH2225 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUENE 11th AVENUE1413ZONE DISTRICT: C-2Gross Land: 117,428 (s.f.) Net Land: 2.70 acres Water Bodies: 0LANDSCAPE LEGEND - RESIDENTIAL (SOUTH)REQ.PROV.TOTAL NUMBER OF TREES (SMALL PALMS IN 3:1 RATIO)180 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery.21TOTAL NUMBER OF SHRUBS, GROUNDCOVERS752,32310621PERIMETER BUFFER Requirements: West (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.PERIMETER BUFFER Requirements: East (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.1278(235 L.F.)12(235 L.F.)* IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT* ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL10015102(305 L.F.)15(305 L.F.)108STREET TREES (North - East MLK Blvd.): 418 l.f. (1 tree / 20 l.f.)2727STREET TREES (South - NE 9th Ave.): 542 l.f. (1 tree / 20 l.f.)95% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE485DESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALSHRUBS AND GROUNDCOVERSDESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALTREESLANDSCAPE LIST - SOUTH PARCELST. AUGUSTINE GRASSStenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAsRequired3014' HT. X 6' SPR. 4" DBH.F.G. 11194F.G., "CHARACTER" SPECIMENGUMBO LIMBO*Bursera simaruba14' HT. X 6' SPR. 4" DBH.14' HT. X 6' SPR. 4" DBH.*Coccoloba diversifloraPIGEON PLUMF.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH.F.G.20Aechmea blanchettiana36" HT. X 24" SPR. ABBRIGHT YELLOW BROMELIAD10" POT 9CV73DE1200FM210IT72JV153MC112PV155SVCodieaum variegatum 'Mammey' RED - YELLOW CROTON3 GAL.18" HT. X 18" SPR. / 18" O.C.3 GAL.18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound'GOLD MOUND DURANTAFicus microcarpa 'Green Island'GREEN ISLAND FICUS3 GAL.15" HT. X 15" SPR. / 18" O.C. DWARF IXORAIxora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C.3 GAL.* DENOTES NATIVE SPECIES24" HT. X 24" SPR. / 24" O.C.Jasmine volubileWAX JASMINE3 GAL.3 GAL.24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillarisPINK MUHLY GRASSSchefflera arboricola 'Trinette'VARIEGATED SCHEFFLERA3 GAL.18" HT. X 18" SPR. / 18" O.C. 64113113610' HT. X 4' SPR. 2" DBH.*Conocarpus erectus 'sericeus'SILVER BUTTONWOODF.G. 8' HT. X 8' SPR., MULTI TRUNKLigustrum japonicumJAPANESE PRIVETF.G.F.G., MATCHED HTS.ROYAL PALM*Roystonea elata24' O.A. HT. MIN.10' HT. X 5' SPR. 2" DBH.F.G.2CA427CG174CG2207CI9HA455PM7 GAL.36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllusPODOCARPUS173SA[BUTTERFLY ATTRACTIVE]7 GAL.3' O.A. HT.PURPLE CRINUM LILYCrinum augustum 'Queen Emma'*Clusia guttiferaSMALL LEAF CLUSIA3 GAL.24" HT. X 24" SPR. / 24" O.C. *Clusia guttiferaSMALL LEAF CLUSIA7 GAL.36" HT. X 24" SPR. / 24" O.C. *Chrysobalanus icaco 'Red Tip'RED TIP COCOPLUM3 GAL.18" HT. X 18" SPR. / 18" O.C. Hibiscus 'Anderson Crepe'ANDERSON CREPE HIBISCUS15 GAL.6' HT. O.A., STANDARD PITTOSPORUM VARIEGATAPittosporum tobira 'Variegata'3 GAL.18" HT. X 18" SPR. / 18" O.C. GREEN SCHEFFLERASchefflera arboricola24" HT. X 24" SPR. / 24" O.C.3 GAL.Ptychosperma elegans 'single'20' O.A. HT., SINGLEF.G.SINGLE ALEXANDER PALMS5LIVE OAK "HIGH RISE"*Quercus virginiana 'High Rise'*Eugenia foetidaSPANISH STOPPER12' HT. X 4' SPR., MULTI TRUNKF.G.Jacaranda mimosifoliaJACARANDA TREE14' HT. X 6' SPR. 4" DBH.F.G. Fillicium decipiens JAPANESE FERN TREE 47AC25HP404PLAsclepias curassavicaMILKWEED3 GAL.24" HT. X 24" SPR. / 24" O.C.[BUTTERFLY ATTRACTIVE][BUTTERFLY ATTRACTIVE]24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact'DWARF FIREBUSH3 GAL.[BUTTERFLY ATTRACTIVE]DWARF PENTASPentas lanceolata "New Look White"1 GAL.12" HT. X 12" SPR. / 12" O.C. 2F.G., STAGGERED.DOUBLE MONTGOMERY PALMVeitchia montgomeryana 'double'20' O.A. HT. MIN., DOUBLENORTHSHEET INDEX:L-1 INDEXL-2 LANDSCAPE PLANL-3 LANDSCAPE DETAILSScale: 1" = 40'-0"KEY PLANDrawing: IndexDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL INDEX 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTL-2SEE NORTH PARCELLANDSCAPE PLANSFOR LANDSCAPE INTHIS AREAIRRIGATION NOTE: 100% IRRIGATIONCOVERAGE WILL BE PROVIDED ATTIME OF PERMITTINGSABAL PALMS (IF APPLICABLE) ARETO BE INSTALLED WITH FRONDSCUT AT 10-2, NOT HURRICANE CUTALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL TREES AND PALMS SHALL BEFLORIDA GRADE 1 AT TIME OFPLANTING. ANY PRUNING SHALL BEDETERMINED BY THE LANDSCAPEARCHITECT AND/OR AN ARBORISTFIRE DEPARTMENT ACCESS ROADSSHALL HAVE AN UNOBSTRUCTEDVERTICAL CLEARANCE OF NOTLESS THAN 14' NFPAIF APPLICABLE, SAFETY CAPS SHALLBE INSTALLED ON ALL #5 REBAR USEDFOR TREE BRACING11 26 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUELAWNLAWNLAWN 4-STORYBUILDINGLAWN 20'-0" O.C.,TYP.5 BEDS14LAWN LAWN LAWN LAWNLAWNLAWNLAWN20'-0" O.C., TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.FM25CG18HA2JV15PM136DE43DE30JV15HA2CG18FM15CG12PV12PV12FM50SV25CA1MC8CV3IT20FM47FM47IT20MC8CV3AC22PL90PL37PL75PM60PM93PL75SA82FM60IT55MC10CV3IT20FM45SA45AC25PL110PL17HP20CI40SV100CI68EXISTING TREE TO REMAIN, TYP.(SEE SOUTH PARCEL DISPOSITIONPLANS FOR DETAILS)20'-0" O.C.,TYP.15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)LANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)2'-0" PARKINGOVERHANG, TYP.MC70FM25SV17AB2PM1662'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.20'-0" O.C.,TYP.SA20FM125HA3IT95SA26FLEXIPAVE,TYP.PASSIVERECREATIONAREALAWN20'-0"EMERGENCYFIRE ACCESS4-STORYBUILDING15 BEDS LAWNBENCH, TYP.LAWNBENCH, TYP.LAWN, TYP.FM75CG19FM25FM18CG7FM42PV12CG30CG210FM65FM25CG19CI22PV12CI52FM83CG30CG7FM6PV20FM12CI10CG12FM6CG24MC7AB2PV20FM6PV12CI5CG5FM6CG24MC7AB2FM6CG6CG21FM6AB2MC10FM6CG21FM6AB2MC10FM6FM12CI10CG6CG5FM81'-0"4'-0"4'-0"SEE "LARGE TREE PLANTINGDETAIL" ON SHEET L-3 FORBRACING DETAILSFM408 BEDSCG2164FM53FM85AB2JV15HA2FM38CG27PV4CG39JV7CA1LAWN MC23JV20AB4CG33HP5FM22FM13SV13FM5CG12PV4CG5FM6PV4CG27FM25AB2AB2FM25FM30NORTHScale: 1" = 20'-0"LANDSCAPE PLANDrawing: Landscape PlanDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL LANDSCAPE PLAN 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTSEE NORTH PARCEL LANDSCAPE PLANS 127 74-2018No. Description DateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLOFL AR0008440□ BRIAN P. HERBERTFL AR0015474MARTIN LUTHERKINGCOMMUNITYSOUTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANSOUTHEPH-101S1' = 30'-0"0 10' 20' 40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription8WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount5SBD1800.900Cree Lighting OSQ-A-NM-5ME-B-30K-UL-XX, 2@180°9SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.966.11.02.966.10SpillIlluminanceFc0.060.30.0N.A.N.A.28 Know what'sR29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 •Attachment I - MLK Jr Blvd Project Site Plan - North COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 INFORMATION ONLY AGENDA ITEM 8.B SUBJECT: Annual Progress Report for the TIRFA Agreement with Wells Landing Apartments, LLC d/b/a Heart of Boynton Village Apartments and Shops SUMMARY: As a result of the issuance of a Request for Proposals (RFP) and Developer Qualifications (RFQ), the CRA Board selected Centennial Management Corporation (CMC) as the developer at their January 8, 2019 Board meeting, for the mixed-use redevelopment project (n.k.a. Wells Landing Apartments, LLC d/b/a Heart of Boynton Village Apartments and Shops) on the CRA owned properties located within the E. Martin Luther King Jr. Boulevard Corridor. The mixed-use development will provide 124 affordable multi-family rental units as well as 8,250 square feet of leasable neighborhood serving commercial space (see Attachments I-III). Under the terms of the Tax Increment Revenue Finance Agreement that was executed on February 8, 2022 (see Attachment IV), CMC is required to submit an annual performance report no later than April 1, 2025 (see Attachment V). Since the project is still under construction, the reporting on the leasing and Pledged Increment Revenue obligations will not occur until the project's next quarterly report or the next TIRFA annual reporting period. Representatives from CMC have been invited to attend the March 20, 2025 Board meeting. FISCAL IMPACT: Fiscal Year 2021-2022 Budget; Project Fund Line Item 02-58200-406 - Local Government Match Contribution $625,750 and Commercial/Retail Component $2,300,815 (commercial component); TIRFA $1,630,280 and $433,008.45 Second Development Agreement for the Residential Component CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach CRA Community Redevelopment Plan CRA BOARD OPTIONS: No action is required at this time unless otherwise determined by the CRA Board. ATTACHMENTS: Description 74 •Attachment II - MLK Jr Blvd Project Site Plan - South •Attachment III - MLK Jr. Blvd. Mixed Use Development Project Renderings •Attachment IV - TIRFA Agreement •Attachment V - Annual Performance Report 75 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 1' = 20'-0"0 10'20'40'A-1 ARCHITECTURAL SITE PLAN ARCHITECTURAL SITE PLAN AS-101 NOT TO SCALEA-3 KEY PLAN AS-101 1 NORTH PARCEL SOUTH PARCEL CL CL 1/16" = 1'-0"0 8'16'32'A-2 TURNING RADIUS DETAIL EAST MARTIN LUTHER KING JR. BLVD. NE 11th AVENUE 7 8 11 COMMERCIAL 4,294 SF 6 COMMERCIAL 4,236 SF 9 8 10 10 COVERED BIKES RACKS SEE DETAIL D4/AS-102 3 3 FH 5 5 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 E.V.CHARGING STATIONS (5) FFE 16.5 FFE 16.5 15.04 14.75 14.33 14.19 BENCHS NOT TO SCALED1PRE-CAST SITE WALL DETAIL PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE WALL COLUMN FOOTING COLUMN FOOTING BOLARD SEE DETAIL A1/AS-102 1 DART COMMENTS 09-10-2020 1 1 2 1 1 2 1 1 2 1 1- SITE PLAN SHALL MEET CPTD DESIGN STANDARDS 2- BUILDING TO BE FULLY SPRINKLERED NOTES: 3- ALL PORTION OF BLDG AREA WITH 450 OF F.D. ACCESS PER NFPA 1-18.2.3.2.2 STREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c) OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILED AS SUCH IN PERMIT PLAN 1 OUTDOOR SEATING AREA 846 SF OUTDOOR SEATING AREA 846 SF PUBLIC EVENT PLAZA 2,090 SF TRASH AREA2 2 2 2 2 2 2 DART COMMENTS 09-21-2020 NORTH 2 2 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 2 EAST MARTIN LUTHER KING JR. BLVD.WELLS LANDINGNORTHBUILDING2% SLOPE FFE 16.5 FFE 15.0 1/8" = 1'-0"0 4'8'16'D2 STREET - PLAZA SECTION A A A 1 3 DART COMMENTS 10-08-2020 3 3 3 3 76 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 38-9" ROOF TOP 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 38-9" ROOF TOP 38-9" ROOF TOP 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 ELEVATION PLAN A-201 3/32" = 1'-0"0 8'16'24'A-1 SOUTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-2 NORTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-3 WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-4 EAST ELEVATION 3/32" = 1'-0"0 8'16'24'A-5 CENTRAL - PLAZA WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-6 CENTRAL - PLAZA EAST ELEVATION ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT 1 DART COMMENTS 09-10-2020 1 1 1 1 11 1111 2 DART COMMENTS 09-21-2020 NORTH 2 3 DART COMMENTS 10-08-2020 3 3 3 3 77 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 COLOR ELEVATION PLANS A-202 NOT TO SCALEA-1 SOUTH ELEVATION NOT TO SCALEA-2 NORTH ELEVATION NOT TO SCALEA-3 WEST ELEVATION NOT TO SCALEA-4 EAST ELEVATION 1 DART COMMENTS 09-10-2020 1 01 02 03 04 05 06 07 A-5 MATERIAL & COLOR LEGENDS A-6 MATERIAL NOTES STANDING SEAM METAL ROOF. ON THE ROCKS (SW7671) BY SHERWIN WILLIAMS OR SIMILAR 1.ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS OR RAIN WATER LEADERS WILL BE CONCEALED IN ARCHITECTURAL ELEMENTS. 2.ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BE PAINTED TO MATCH BUILDING COLORS CONCRETE PANEL SCORED STUCCO & STUCCO: SPARE WHITE (SW6203) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: TOPIARY TINT (SW6449) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: BLUEBELL (SW6793) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: PINEAPPLE CREAM (SW1668) BY SHERWIN WILLIAMS OR SIMILAR PAINT: GREEK VILLA (SW7551) BY SHERWIN WILLIAMS OR SIMILAR 2 DART COMMENTS 09-21-2020 NORTH 2 01 01 01 01 01 01 01 01 01 01 01 01 01 0202 02 02 02 02 0202 03 03 03 03 03 03 03 03 0303 03 0303 03 03 03 03 04040404 04 04 04 04 04 0404 04 0505 05 05 0505 05 05 0606 06 06 0606 06 07 0707 07 07 07 07 07 07 07 0707 2 2 2 03 03 78 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 FIRST AND SECOND FLOOR PLAN A-101 1/8" = 1'-0"0 4'8'16'A-1 FIRST FLOOR PLAN 1/8" = 1'-0"0 4'8'16'A-2 SECOND FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" OPEN COVERED PLAZA COMMERCIAL #1 COMMERCIAL #2 COMMERCIAL #3 COMMERCIAL #4 COMMERCIAL #5 COMMERCIAL #6 COMMERCIAL #7 COMMERCIAL #8 LOBBY COMMON TRASH ROOM 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 333 3 3 3 3 DART COMMENTS 10-08-2020 79 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 THIRD FLOOR PLAN A-102 1/8" = 1'-0"0 4'8'16'A-1 THIRD FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 80 EAST MARTIN LUTHER KING JR. BLVD. NE 9th AVENUE NE 11th AVENUE 14 13 ZONE DISTRICT: C-2 Gross Land: 55,183 (s.f.) Net Land: 1.27 acres Water Bodies: 0 LANDSCAPE LEGEND - COMMERCIAL (NORTH) REQ.PROV. TOTAL NUMBER OF TREES (ALL PALMS IN 3:1 RATIO) 292 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery. STREET TREES (South - East MLK Blvd.): 300 l.f. (1 tree / 20 l.f.)15 TOTAL NUMBER OF SHRUBS, GROUNDCOVERS 60 1,363 63 15 PERIMETER BUFFER Requirements: North (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: West (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: East (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. 15 98 (295 L.F.) 15 (295 L.F.) 15 96 (287 L.F.) 15 (287 L.F.) * IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT * ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL 103 117 15 98 (295 L.F.) 15 (295 L.F.) 133 155% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE 219 DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL SHRUBS AND GROUNDCOVERS DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL TREES LANDSCAPE LIST - NORTH PARCEL ST. AUGUSTINE GRASS Stenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAs Required 12 14' HT. X 6' SPR. 4" DBH. F.G. 10 31 3 F.G., "CHARACTER" SPECIMENGUMBO LIMBO *Bursera simaruba 14' HT. X 6' SPR. 4" DBH. 14' HT. X 6' SPR. 4" DBH.*Coccoloba diversiflora PIGEON PLUM F.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH. F.G. 27CV 172DE 635FM 347IT 154JV 167MC 435PM Codieaum variegatum 'Mammey' RED - YELLOW CROTON 3 GAL. 18" HT. X 18" SPR. / 18" O.C. 3 GAL. 18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound' GOLD MOUND DURANTA Ficus microcarpa 'Green Island' GREEN ISLAND FICUS 3 GAL. 15" HT. X 15" SPR. / 18" O.C. DWARF IXORA Ixora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C. 3 GAL. * DENOTES NATIVE SPECIES 24" HT. X 24" SPR. / 24" O.C.Jasmine volubile WAX JASMINE 3 GAL. 3 GAL. 24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillaris PINK MUHLY GRASS 7 GAL. 36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllus PODOCARPUS [BUTTERFLY ATTRACTIVE] LIVE OAK "HIGH RISE" *Quercus virginiana 'High Rise' 6 5 F.G., TOPIARY 12'-14' O.A. HT.Elaeocarpus decipiens JAPANESE BLUEBERRY 32AC 15HP Asclepias curassavica MILKWEED 3 GAL. 24" HT. X 24" SPR. / 24" O.C. [BUTTERFLY ATTRACTIVE] [BUTTERFLY ATTRACTIVE] 24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact' DWARF FIREBUSH 3 GAL. Ptychosperma elegans 'single'20' O.A. HT., SINGLE F.G.SINGLE ALEXANDER PALMS 14CG2 *Clusia guttifera SMALL LEAF CLUSIA 7 GAL. 36" HT. X 24" SPR. / 24" O.C. NORTHSHEET INDEX: L-1 INDEX L-2 LANDSCAPE PLAN L-3 LANDSCAPE DETAILS Scale: 1" = 40'-0" KEY PLAN Drawing: Index Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-1 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLINDEX09.24.20201) DART Comments / Site Plan LDC Seal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACTL-2 SEE SOUTH PARCEL LANDSCAPE PLANS FOR LANDSCAPE IN THIS AREA IRRIGATION NOTE: 100% IRRIGATION COVERAGE WILL BE PROVIDED AT TIME OF PERMITTING SABAL PALMS (IF APPLICABLE) ARE TO BE INSTALLED WITH FRONDS CUT AT 10-2, NOT HURRICANE CUT ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL TREES AND PALMS SHALL BE FLORIDA GRADE 1 AT TIME OF PLANTING. ANY PRUNING SHALL BE DETERMINED BY THE LANDSCAPE ARCHITECT AND/OR AN ARBORIST FIRE DEPARTMENT ACCESS ROADS SHALL HAVE AN UNOBSTRUCTED VERTICAL CLEARANCE OF NOT LESS THAN 14' NFPA IF APPLICABLE, SAFETY CAPS SHALL BE INSTALLED ON ALL #5 REBAR USED FOR TREE BRACING 1 1 1 81 EAST MARTIN LUTHER KING JR. BLVD.20'-0" O.C.,TYP.LAWN NE 11th AVENUE LAWNLAWNDOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW COMMERCIAL COMMERCIAL 13 LAWNLAWNDOUBLE ROW DOUBLE ROW LAWN2'-0" PARKING OVERHANG, TYP. 20'-0" O.C., TYP.20'-0" O.C.,TYP.2'-0" PARKING OVERHANG, TYP.20'-0" O.C.,TYP.LAWN FM 53 IT 32 CV 3 FM 55 FM 53 IT 75 CV 3 MC 10 HP 15 FM 55 CG2 14 FM 50 IT 50 CV 3 MC 10 FM 30 IT 8 CV 3 MC 5 IT 62 CV 3 MC 12 FM 72 FM 40 IT 60 CV 3 MC 20 FM 50 IT 20 CV 3 MC 7 20'-0" O.C., TYP. DE 27 FM 25 EXISTING TREE TO REMAIN, TYP. (SEE NORTH PARCEL DISPOSITION PLANS FOR DETAILS)15'-0"15'-0"15'-0"15'-0" SIGHT-TRIANGLE, TYP. (ANY LANDSCAPE WITHIN SHALL BE MAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0" MC 8 IT 40 PM 24 SEE "LARGE TREE PLANTING DETAIL" ON SHEET L-3 FOR BRACING DETAILS LAWN FM 67 CV 3 DE 80 MC 20 JV 62 PM 252 FM 60 CV 3 DE 65 MC 15 JV 92 PM 159 DOUBLE ROWDOUBLE ROW FM 25 MC 60 5 BEDS 5 BEDS AC 32 SEE "LARGE TREE PLANTING LAWN NORTH Scale: 1" = 20'-0" LANDSCAPE PLAN Drawing: Landscape Plan Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-2 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLLANDSCAPE PLANSeal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACT SEE SOUTH PARCEL LANDSCAPE PLANS 09.24.20201) DART Comments / Site Plan LDC 1 82 Know what'sR83 74-2018No.DescriptionDateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENTƑ WILLIAM J. GALLO FL AR0008440Ƒ BRIAN P. HERBERT FL AR0015474MARTIN LUTHERKINGCOMMUNITYNORTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANNORTHEPH-101N1' = 20'-0"010'20'40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription4WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount10SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.555.01.02.555.00SpillIlluminanceFc0.040.30.0N.A.N.A.84 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 334351' = 20'-0"010' 20'40'ARCHITECTURALSITE PLANSOUTH PARCELAS-101NE 9th AVENUEENENOT TO SCALESOUTH WESTUTESWWBUILDINGBINNNLOADINGTRASH CHUTEAS-101 1SOUTH PARCELSSSOUTH EASTSOH ESSBUILDINGILDGA-101 1A-103 1LOADINGTRASH CHUTE6910393668810TRASHASASROOMMMMOMOMOOMRMOMMROOMOMMROOROOOOOOOOMROOMROOMTRASHHHSHSHSHHHSSHSHSHSSSSSSSROOMROOOROOROOOOASINGLEAFITNEESS710710998888810COMMONCCCCCCCCCCCCCCCCCCCCCCCCCNNNNNNNNNNNOO1091- SITE PLAN SHALL MEET CPTDDESIGN STANDARDS2- BUILDING TO BE FULLY SPRINKLERED3- DEVELOPER TO EXPLORE CROSSACCES EASEMENT W/ CVS SITENOTES:Note # 3FHFHFHFH1/16" = 1'-0"0 8' 16' 32'E.V..VCHARGINGCHGINSTATIONS (5)TATNS BENCHSNCNOT TO SCALE11116'-0" PRECAST'-0RECTCONCRETE WALLCOCRWTECAS6'-0" PRE6'PRTSALLTEWACONCRETCCE WLS-101A3/ASEE DETAIL ADEAL AS-ASCLCCCLCCPRE CASTCONCRETE CAPPRE CASTCONCRETECAPPRE CASTCONCRETE CAPPRE CASTCONCRETEWALLCOLUMNFOOTINGCOLUMNFOOTING15.0414.7514.3314.19114.12FFE 16.5FFE 16.5FFE 16.5E 16.5FFEFFE 16.50ECHARGINGCRGGGGSTATIONSSIO1BOLARDOOOSEE DETAIL A1/AS-102SEE DETAIL A1/AS 102SEE DETAIL A1/AS 102BOLARDSEE DETAIL A1/AS-10210DDCOVEREDDDDDKKSBIKES RACKKK02AAS-10SEE DETAIL D4/AAA2AACOVEREDOEDBIKES RACKSBIKRASEE DETAIL D4/AS-102E DAIL/A024- ALL PORTION OF BLDG AREA WITH 450OF F.D. ACCESS PER NFPA 1-18.2.3.2.2LESS THAN 150'-0"IRRIGATION TO BEIRRIGATION TO BEPROVIDED TO PLANTERSIRRIGATION TO BEPROVIDED TO PLANTERSSTREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c)OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILEDAS SUCH IN PERMIT PLAN101000SHADED SEATING548 S.F.LINEAR PLAZALNEAARPLAAZAAAAZLAPRAENLAZAALPAREANLIAAZLAPRAENLAZAALPAREANLI2,021 S.F.,01,2101022 021 S F20221SF21022SFSF S.FSF S.F.F02,2,2,02021 S1 S.F.FOPEN PLAY AREA3,500 S.F.MOUNTABLE CURBPUBLIC PLAZA443 S.F.1DART COMMENTS 09-10-20202DART COMMENTS 09-21-202032322222220'-0" FIRE LINE SOUTH2FFFFFFFFFFFFFFFFFFFF222223NEIGHBORHOOD COMMERCIAL (1)IGORODOMRCL (1OONEIGHBORHHOOD COMMERCIAL (2)NGHBHHOD CMMCIA2)RRRESIDENTIALIDIADUPLEX R-2DUX 3DART COMMENTS 10-08-2020333333385 11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH WEST BLDG.A-2033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH22286 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH WEST BLDG.A-2041DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORS3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'2DART COMMENTS 09-21-2020SOUTH201020304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARCONCRETE PANELSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR2220101010101010101010101010101010101010101010101010101020303030303030303030303030303030303030303030303030303030303030304040404040404040404050505050505050505050505060606060606060607070707070707070787 12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH EAST BLDG.A-2013/32" = 1'-0"08'16'24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH288 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH EAST BLDG.A-2021DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORSNOT TO SCALENOT TO SCALENOT TO SCALENOT TO SCALE2DART COMMENTS 09-21-2020SOUTH2010304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR222010101010101010101010101010101010101010101010101010101010101010303030303030303030303030303030303030303030303030303030303030404040404040404040404040505050505050505050505060606060606060606060606070707070707070707070707070707070789 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST AND SECONDFLOOR PLANSOUTH EAST BLDG.A-1013/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT222TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITTTTTTYPE "C"COMMONNNNTRASHROOM2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTTTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT22TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTYPE "C"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITTTTTYPE "D"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITBBTYPE "B"2 BEDROOMS UNITTTTTTTYPE "E"2DART COMMENTS 09-21-2020SOUTH2PORCHPORCHPORCHPORCHPORCH2222290 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH EAST BLDG.A-1023/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "B"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "E"2DART COMMENTS 09-21-2020SOUTH291 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST & SECONDFLOOR PLANSOUTH WEST BLDG.A-1033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"COMMONTRASHROOMCOMMON1 BEDROOM UNITTYPE "F"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"2DART COMMENTS 09-21-2020SOUTH22292 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH WEST BLDG.A-1043/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2DART COMMENTS 09-21-2020SOUTH2293 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUENE 11th AVENUE1413ZONE DISTRICT: C-2Gross Land: 117,428 (s.f.) Net Land: 2.70 acres Water Bodies: 0LANDSCAPE LEGEND - RESIDENTIAL (SOUTH)REQ.PROV.TOTAL NUMBER OF TREES (SMALL PALMS IN 3:1 RATIO)180 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery.21TOTAL NUMBER OF SHRUBS, GROUNDCOVERS752,32310621PERIMETER BUFFER Requirements: West (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.PERIMETER BUFFER Requirements: East (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.1278(235 L.F.)12(235 L.F.)* IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT* ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL10015102(305 L.F.)15(305 L.F.)108STREET TREES (North - East MLK Blvd.): 418 l.f. (1 tree / 20 l.f.)2727STREET TREES (South - NE 9th Ave.): 542 l.f. (1 tree / 20 l.f.)95% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE485DESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALSHRUBS AND GROUNDCOVERSDESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALTREESLANDSCAPE LIST - SOUTH PARCELST. AUGUSTINE GRASSStenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAsRequired3014' HT. X 6' SPR. 4" DBH.F.G. 11194F.G., "CHARACTER" SPECIMENGUMBO LIMBO*Bursera simaruba14' HT. X 6' SPR. 4" DBH.14' HT. X 6' SPR. 4" DBH.*Coccoloba diversifloraPIGEON PLUMF.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH.F.G.20Aechmea blanchettiana36" HT. X 24" SPR. ABBRIGHT YELLOW BROMELIAD10" POT 9CV73DE1200FM210IT72JV153MC112PV155SVCodieaum variegatum 'Mammey' RED - YELLOW CROTON3 GAL.18" HT. X 18" SPR. / 18" O.C.3 GAL.18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound'GOLD MOUND DURANTAFicus microcarpa 'Green Island'GREEN ISLAND FICUS3 GAL.15" HT. X 15" SPR. / 18" O.C. DWARF IXORAIxora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C.3 GAL.* DENOTES NATIVE SPECIES24" HT. X 24" SPR. / 24" O.C.Jasmine volubileWAX JASMINE3 GAL.3 GAL.24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillarisPINK MUHLY GRASSSchefflera arboricola 'Trinette'VARIEGATED SCHEFFLERA3 GAL.18" HT. X 18" SPR. / 18" O.C. 64113113610' HT. X 4' SPR. 2" DBH.*Conocarpus erectus 'sericeus'SILVER BUTTONWOODF.G. 8' HT. X 8' SPR., MULTI TRUNKLigustrum japonicumJAPANESE PRIVETF.G.F.G., MATCHED HTS.ROYAL PALM*Roystonea elata24' O.A. HT. MIN.10' HT. X 5' SPR. 2" DBH.F.G.2CA427CG174CG2207CI9HA455PM7 GAL.36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllusPODOCARPUS173SA[BUTTERFLY ATTRACTIVE]7 GAL.3' O.A. HT.PURPLE CRINUM LILYCrinum augustum 'Queen Emma'*Clusia guttiferaSMALL LEAF CLUSIA3 GAL.24" HT. X 24" SPR. / 24" O.C. *Clusia guttiferaSMALL LEAF CLUSIA7 GAL.36" HT. X 24" SPR. / 24" O.C. *Chrysobalanus icaco 'Red Tip'RED TIP COCOPLUM3 GAL.18" HT. X 18" SPR. / 18" O.C. Hibiscus 'Anderson Crepe'ANDERSON CREPE HIBISCUS15 GAL.6' HT. O.A., STANDARD PITTOSPORUM VARIEGATAPittosporum tobira 'Variegata'3 GAL.18" HT. X 18" SPR. / 18" O.C. GREEN SCHEFFLERASchefflera arboricola24" HT. X 24" SPR. / 24" O.C.3 GAL.Ptychosperma elegans 'single'20' O.A. HT., SINGLEF.G.SINGLE ALEXANDER PALMS5LIVE OAK "HIGH RISE"*Quercus virginiana 'High Rise'*Eugenia foetidaSPANISH STOPPER12' HT. X 4' SPR., MULTI TRUNKF.G.Jacaranda mimosifoliaJACARANDA TREE14' HT. X 6' SPR. 4" DBH.F.G. Fillicium decipiens JAPANESE FERN TREE 47AC25HP404PLAsclepias curassavicaMILKWEED3 GAL.24" HT. X 24" SPR. / 24" O.C.[BUTTERFLY ATTRACTIVE][BUTTERFLY ATTRACTIVE]24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact'DWARF FIREBUSH3 GAL.[BUTTERFLY ATTRACTIVE]DWARF PENTASPentas lanceolata "New Look White"1 GAL.12" HT. X 12" SPR. / 12" O.C. 2F.G., STAGGERED.DOUBLE MONTGOMERY PALMVeitchia montgomeryana 'double'20' O.A. HT. MIN., DOUBLENORTHSHEET INDEX:L-1 INDEXL-2 LANDSCAPE PLANL-3 LANDSCAPE DETAILSScale: 1" = 40'-0"KEY PLANDrawing: IndexDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL INDEX 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTL-2SEE NORTH PARCELLANDSCAPE PLANSFOR LANDSCAPE INTHIS AREAIRRIGATION NOTE: 100% IRRIGATIONCOVERAGE WILL BE PROVIDED ATTIME OF PERMITTINGSABAL PALMS (IF APPLICABLE) ARETO BE INSTALLED WITH FRONDSCUT AT 10-2, NOT HURRICANE CUTALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL TREES AND PALMS SHALL BEFLORIDA GRADE 1 AT TIME OFPLANTING. ANY PRUNING SHALL BEDETERMINED BY THE LANDSCAPEARCHITECT AND/OR AN ARBORISTFIRE DEPARTMENT ACCESS ROADSSHALL HAVE AN UNOBSTRUCTEDVERTICAL CLEARANCE OF NOTLESS THAN 14' NFPAIF APPLICABLE, SAFETY CAPS SHALLBE INSTALLED ON ALL #5 REBAR USEDFOR TREE BRACING11 94 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUELAWNLAWNLAWN 4-STORYBUILDINGLAWN 20'-0" O.C.,TYP.5 BEDS14LAWN LAWN LAWN LAWNLAWNLAWNLAWN20'-0" O.C., TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.FM25CG18HA2JV15PM136DE43DE30JV15HA2CG18FM15CG12PV12PV12FM50SV25CA1MC8CV3IT20FM47FM47IT20MC8CV3AC22PL90PL37PL75PM60PM93PL75SA82FM60IT55MC10CV3IT20FM45SA45AC25PL110PL17HP20CI40SV100CI68EXISTING TREE TO REMAIN, TYP.(SEE SOUTH PARCEL DISPOSITIONPLANS FOR DETAILS)20'-0" O.C.,TYP.15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)LANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)2'-0" PARKINGOVERHANG, TYP.MC70FM25SV17AB2PM1662'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.20'-0" O.C.,TYP.SA20FM125HA3IT95SA26FLEXIPAVE,TYP.PASSIVERECREATIONAREALAWN20'-0"EMERGENCYFIRE ACCESS4-STORYBUILDING15 BEDS LAWNBENCH, TYP.LAWNBENCH, TYP.LAWN, TYP.FM75CG19FM25FM18CG7FM42PV12CG30CG210FM65FM25CG19CI22PV12CI52FM83CG30CG7FM6PV20FM12CI10CG12FM6CG24MC7AB2PV20FM6PV12CI5CG5FM6CG24MC7AB2FM6CG6CG21FM6AB2MC10FM6CG21FM6AB2MC10FM6FM12CI10CG6CG5FM81'-0"4'-0"4'-0"SEE "LARGE TREE PLANTINGDETAIL" ON SHEET L-3 FORBRACING DETAILSFM408 BEDSCG2164FM53FM85AB2JV15HA2FM38CG27PV4CG39JV7CA1LAWN MC23JV20AB4CG33HP5FM22FM13SV13FM5CG12PV4CG5FM6PV4CG27FM25AB2AB2FM25FM30NORTHScale: 1" = 20'-0"LANDSCAPE PLANDrawing: Landscape PlanDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL LANDSCAPE PLAN 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTSEE NORTH PARCEL LANDSCAPE PLANS 195 74-2018No. Description DateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLOFL AR0008440□ BRIAN P. HERBERTFL AR0015474MARTIN LUTHERKINGCOMMUNITYSOUTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANSOUTHEPH-101S1' = 30'-0"0 10' 20' 40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription8WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount5SBD1800.900Cree Lighting OSQ-A-NM-5ME-B-30K-UL-XX, 2@180°9SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.966.11.02.966.10SpillIlluminanceFc0.060.30.0N.A.N.A.96 Know what'sR97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 ANNOUNCEMENTS AND AWARDS AGENDA ITEM 9.A SUBJECT: Boynton Beach Spring Market Announcement SUMMARY: On Saturday, March 29, 2025, from 4:00 p.m. to 9:00 p.m., the BBCRA will host the second annual Boynton Beach Spring Market at the Centennial Park & Amphitheater, located at 120 East Ocean Avenue. Free parking will be available at the following locations: Street parking along East Ocean Avenue City Hall parking lots located on the southeast corner of Boynton Beach Boulevard and Seacrest Boulevard Parking lots located at 115 N. Federal Highway First Baptist Boynton, 301 N. Seacrest Boulevard The free business promotional event will feature a variety of Boynton Beach restaurants, retailers, and professional service providers that will be exhibiting their goods and services to event attendees. Attendees will be encouraged to visit the colorful vendor tents to shop with the featured BBCRA area businesses. Information about BBCRA projects and initiatives will also be disseminated during the event. The family-friendly event will also feature fun games and activities, live music from the bands The Resolvers and Paul Anthony and The Reggae Souljahs, a business scavenger hunt, photo opportunities, and much more. Please see Attachment I for the branded promotional poster that will be distributed to businesses throughout the BBCRA area and at City of Boynton Beach municipal buildings. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58500-480 $65,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 142 •Attachment I - Spring Market Poster No action is required at this time from the CRA Board. ATTACHMENTS: Description 143 F R E E E V E N T S P R I N G M A R K E T S P R I N G M A R K E T B O Y N T O N B E A C H C R A .C O M 4 :0 0 P M - 9 :0 0 P M M A R C H 2 9 T H T H E R E S O L V E R S P A U L A N T H O N Y & T H E R E G G A E S O U L J A H S F E A T U R I N G 1 2 0 E . O C E A N A V E . B O Y N T O N B E A C H 144 •Attachment I - GFOA Government Finance Professional Week 2025 •Attachment II - Press Release - Spotlight on Finance Department COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 ANNOUNCEMENTS AND AWARDS AGENDA ITEM 9.B SUBJECT: Announcement of Government Finance Professionals Week SUMMARY: On March 17-21, 2025, the Florida Government Finance Officers Association (FGFOA) is sponsoring Government Finance Professionals Week (see Attachment I). It is a weeklong series of activities aimed at recognizing government finance professionals and the vital services that they provide for local government and the community in which they serve. During this week, government finance professionals throughout the state will be recognized and acknowledged for their hard work, dedication and leadership (see Attachment II). CRA BOARD OPTIONS: No a ction is required at this time by the CRA Board. ATTACHMENTS: Description 145 1 FLORIDA GOVERNMENT FINANCE OFFICERS ASSOCIATION Government Finance Professionals Week 2025 March 17-21, 2025 146 Media Contact: Timothy Tack Acting Executive Director (561) 600-9091 FOR IMMEDIATE RELEASE TackT@bbfl.us BBCRA Celebrates Government Finance Professionals Week and Honors Finance Team Boynton Beach, FL – [March 17, 2025] The week of March 17-21, 2025, marks Government Finance Professionals Week, a time to recognize the dedicated professionals who manage the financial operations of local governments and ensure fiscal responsibility. Sponsored by the Florida Government Finance Officers Association (FGFOA), this week highlights the invaluable contributions of finance professionals in sustaining and enhancing the communities they serve. “This is a wonderful opportunity to showcase the talents of many professionals who are generally not in the public eye,” said Rip Colvin, FGFOA President and Executive Director of the Justice Administrative Commission. “We offer congratulations to all of the government finance professionals throughout the State of Florida as we celebrate their accomplishments.” In celebration of this important week, the Boynton Beach Community Redevelopment Agency (BBCRA) is proud to acknowledge the hard work and expertise of its Finance Department, whose efforts ensure the agency’s financial stability and success. The BBCRA has submitted a request for the BBCRA Board to officially declare March 17-21, 2025, as Government Finance Professionals Week in the City of Boynton Beach. This declaration is set to be considered during the Board’s March 20th meeting to formally recognize the significant contributions of government finance professionals within the community. The BBCRA finance team consists of two brilliant women whose expertise in crunching numbers and balancing spreadsheets makes it all look effortless. Vicki Hill: Vicki Hill, BBCRA Finance Director, has been with the agency since December 2010, and provided exceptional leadership in her current role for 8 years, successfully managing the agency’s multi-million-dollar budget. Her responsibilities include overseeing the general fund, which supports daily operations, and the project fund, which drives redevelopment and economic initiatives such as affordable housing, business grants, property acquisitions, and business promotional incentives. Under her guidance, the BBCRA has maintained an impressive 16-year streak of clean audits, demonstrating a commitment to fiscal transparency and accountability. 147 Beyond her professional achievements, Vicki is a proud mother of two, a Veteran of the United States Navy, an active community member, and a dedicated member of Delta Sigma Theta Sorority, Incorporated. Jobara Jenkins: Jobara Jenkins, BBCRA Finance Manager, has been an invaluable team member for 8 years. A master of numbers, Jobara ensures accurate financial reporting, timely month-end closings, efficient AP and AR processing, strategic financial planning, and seamless audit oversight to support the agency’s initiatives. In addition to her professional expertise, she is a devoted dog mom and an engaged member of Zeta Phi Beta Sorority, Incorporated. The BBCRA is grateful to have such an outstanding Finance Department, whose dedication and expertise help drive the agency’s mission forward. As we celebrate Government Finance Professionals Week, we extend our heartfelt appreciation to Vicki Hill, Jobara Jenkins, and all finance professionals throughout the State of Florida who work tirelessly behind the scenes to ensure fiscal responsibility and support economic growth. About Boynton Beach Community Redevelopment Agency (BBCRA) The BBCRA is committed to serving the community by guiding redevelopment activities and stimulating economic growth within its 1,650-acre district. The organization focuses on creating a vibrant downtown core, providing affordable housing, and revitalizing neighborhoods. For more information on the BBCRA, its programs and activities, call (561) 737- 3256, or visit www.boyntonbeachcra.com. # # # 148 •Attachment I - February 2025 Financial Summary COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.A SUBJECT: CRA Financial Report Period Ending February 28, 2025 SUMMARY: CRA Financial Services staff is providing the CRA Board with the February 28, 2025 (Attachment I): Statement of Revenues, Expenditures and Changes in Fund Balance Report, and Budget Comparison Schedule - General Fund. FISCAL IMPACT: FY 2024-2025 Annual Budget CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY 2024-2025 CRA Budget CRA BOARD OPTIONS: Approve the CRA's monthly financial and budget reports for the period ending February 28, 2025. ATTACHMENTS: Description 149 General Fund Projects Fund Debt Service Fund Total Governmental Funds REVENUES Tax increment revenue 24,518,916 - - 24,518,916 Marina Rent & Fuel Sales 795,661 - - 795,661 Contributions and donations - - - - Interest and other income 141,845 2,740,241 9,814 2,891,900 Total revenues 25,456,422 2,740,241 9,814 28,206,476 EXPENDITURES General government 1,752,099 - - 1,752,099 Redevelopment projects - 4,069,504 - 4,069,504 Debt service:- Principal - - - - Interest and other charges - - - - Total expenditures 1,752,099 4,069,504 - 5,821,603 23,704,323 (1,329,263) 9,814 22,384,873 OTHER FINANCING SOURCES (USES) Funds Transfers in - 17,591,645 2,317,425 19,909,070 Funds Transfers out (19,909,070) - - (19,909,070) Total other financing sources (uses) (19,909,070) 17,591,645 2,317,425 - Net change in fund balances 3,795,253 16,262,382 2,327,239 22,384,873 Fund balances - beginning of year 4,869,740 19,070,941 230,912 24,171,593 Fund balances - end of year 8,664,993 35,333,323 2,558,151 46,556,466 Footnote: Transfers between funds include monies received from TIF and carryover from general fund balance. Excess (deficiency) of revenues over expenditures BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY Statement of Revenues, Expenditures and Changes in Fund Balances Through Year to Date - February 28, 2025 (A Component Unit of the City of Boynton Beach, Florida) The notes to the basic financial statements are an integral part of this statement. 1 150 Original Budget Final Budget Actual REVENUES Tax increment revenue 24,279,354$ 24,279,354$ 24,518,916 Marina Rent & Fuel Sales 1,300,000 1,300,000 795,661 Interest and other income - - 141,845 Other financing sources (uses) - - - Total revenues 25,579,354 25,579,354 25,456,422 EXPENDITURES General government 5,670,284 5,670,284 1,752,099 Total expenditures 5,670,284 5,670,284 1,752,099 19,909,070 19,909,070 23,704,323 OTHER FINANCING SOURCES (USES) Carryover fund balance - Transfers out (19,909,070) (19,909,070) (19,909,070) Total other financing sources (uses) (19,909,070) (19,909,070) (19,909,070) Net change in fund balances -$ -$ 3,795,253 Fund balances - beginning of year 4,869,740 Fund balances - end of year 8,664,993 Excess of revenues over expenditures BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach, Florida) Budgetary Comparison Schedule General Fund Through Year to Date - February 28, 2025 The notes to the basic financial statements are an integral part of this statement. 1 151 3/4/2025 7:44:09 AM Page 1 of 5 Detail vs Budget Report Boynton Beach CRA, FL Account Summary Date Range: 02/01/2025 - 02/28/2025 Account Name Beginning Balance Total Activity Ending BalanceFiscal Budget Budget RemainingEncumbrances % Remaining 01 - GENERAL FUND Revenue 01-41000 T.I.F. COLLECTIONS 239,562.00-24,518,916.000.00-24,518,916.00-24,279,354.000.00 0.99% 01-42115 MARINA RENTS -38,717.25-61,282.75-12,724.00-48,558.75-100,000.000.00 -38.72% 01-42116 MISCELLANEOUS RENTS FRO PROPER 111,357.51-111,357.51-23,518.75-87,838.760.000.00 0.00% 01-42117 MARINA FUEL SALES -582,917.02-617,082.98-165,481.31-451,601.67-1,200,000.000.00 -48.58% 01-42118 MARINA MISC INCOME 5,937.56-5,937.56-2,039.81-3,897.750.000.00 0.00% 01-46100 INTEREST INCOME 67,482.50-67,482.50-10,395.70-57,086.800.000.00 0.00% 01-47200 IN KIND REVENUE 60,615.85-60,615.85-10,911.17-49,704.680.000.00 0.00% 01-48100 MISCELLANEOUS INCOME 13,747.02-13,747.02-2,154.27-11,592.750.000.00 0.00% Revenue Totals:0.00 -25,579,354.00 -25,229,197.16 -227,225.01 -25,456,422.17 -122,931.83 -0.48% Expense 01-51010-200 CONTRACTUAL EXPENSE 25,327.091,515.00276.001,239.0026,842.090.00 94.36% 01-51010-216 ADVERTISING & PUBLIC NOTICES 10,000.000.000.000.0010,000.000.00 100.00% 01-51010-225 ASSOC. MEETINGS & SEMINARS 24,966.024,033.980.004,033.9829,000.000.00 86.09% 01-51010-227 DELIVERY SERVICES 361.00139.000.00139.00500.000.00 72.20% 01-51010-310 OFFICE SUPPLIES 701.2698.740.0098.74800.000.00 87.66% 01-51230-100 PERSONNEL SERVICES 434,465.62109,024.3821,029.9487,994.44543,490.000.00 79.94% 01-51230-115 CAR ALLOWANCE 8,009.691,590.31385.711,204.609,600.000.00 83.43% 01-51230-225 ASSOC. MEETINGS & SEMINARS 16,225.60274.400.00274.4016,500.000.00 98.34% 01-51230-226 MEMBERSHIP DUES 12,757.175,642.83357.335,285.5018,400.000.00 69.33% 01-51230-227 DELIVERY SERVICES 500.000.000.000.00500.000.00 100.00% 01-51230-229 CAREER DEVELOPMENT 19,500.000.000.000.0019,500.000.00 100.00% 01-51230-310 OFFICE SUPPLIES 3,101.40-601.407.50-608.902,500.000.00 124.06% 01-51230-315 POSTAGE 2,800.00200.00100.00100.003,000.000.00 93.33% 01-51230-340 CELLULAR PHONES 1,530.93469.0796.52372.552,000.000.00 76.55% 01-51230-355 SUBSCRIPTIONS 1,565.00135.000.00135.001,700.000.00 92.06% 01-51230-360 BOOKS & PUBLICATIONS 300.000.000.000.00300.000.00 100.00% 01-51230-400 EQUIPMENT COSTS 2,682.521,317.48490.00827.484,000.000.00 67.06% 01-51325-100 PERSONNEL SERVICES 158,077.69110,377.3120,650.3989,726.92268,455.000.00 58.88% 01-51325-115 CAR ALLOWANCE 2,118.481,481.52276.921,204.603,600.000.00 58.85% 01-51325-200 CONTRACTUAL EXPENSE 125.00175.000.00175.00300.000.00 41.67% 01-51325-201 BANK FEES 5,932.6067.4013.4853.926,000.000.00 98.88% 01-51325-225 ASSOC. MEETINGS & SEMINARS 8,205.621,094.380.001,094.389,300.000.00 88.23% 01-51325-226 MEMBERSHIP DUES 1,516.66183.34183.340.001,700.000.00 89.22% 01-51325-227 DELIVERY COSTS 275.2824.720.0024.72300.000.00 91.76% 01-51325-229 CAREER DEVELOPMENT 12,000.000.000.000.0012,000.000.00 100.00% 152 Detail vs Budget Report Date Range: 02/01/2025 - 02/28/2025 3/4/2025 7:44:09 AM Page 2 of 5 Account Name Beginning Balance Total Activity Ending BalanceFiscal Budget Budget RemainingEncumbrances % Remaining 01-51325-310 OFFICE SUPPLIES 1,735.58264.427.48256.942,000.000.00 86.78% 01-51325-340 CELLULAR PHONES 1,530.93469.0796.52372.552,000.000.00 76.55% 01-51325-355 SUBSCRIPTIONS 2,501.001,499.000.001,499.004,000.000.00 62.53% 01-51325-360 BOOKS & PUBLICATIONS 300.000.000.000.00300.000.00 100.00% 01-51325-365 OFFICE PRINTING COSTS 1,806.11193.890.00193.892,000.000.00 90.31% 01-51325-400 EQUIPMENT COSTS 1,970.0129.990.0029.992,000.000.00 98.50% 01-51410-213 GENERAL PROPERTY COVERAGE 207,788.13192,705.870.00192,705.87400,494.000.00 51.88% 01-51420-200 CONTRACTUAL EXPENSE 32,156.5835,843.420.0035,843.4268,000.000.00 47.29% 01-51420-201 CONTRACT LEGAL 169,269.5044,730.5011,350.0033,380.50207,000.00-7,000.00 81.77% 01-51420-202 WEBSITE HOSTING, REDESIGN & MAINT 41,760.2014,508.156,681.637,826.5254,486.89-1,781.46 76.64% 01-51420-204 CITY STAFF COSTS 37,120.002,376.000.002,376.0039,496.000.00 93.98% 01-51440-100 PERSONNEL SERVICES 133,115.6693,493.3417,497.5075,995.84226,609.000.00 58.74% 01-51440-225 ASSOC. MEETINGS & SEMINARS 4,097.591,602.41535.001,067.415,700.000.00 71.89% 01-51440-226 MEMBERSHIP DUES 1,211.34488.66103.66385.001,700.000.00 71.26% 01-51440-227 DELIVERY SERVICES 520.9279.080.0079.08600.000.00 86.82% 01-51440-229 CAREER DEVELOPMENT 15,967.4232.580.0032.5816,000.000.00 99.80% 01-51440-310 OFFICE SUPPLIES 1,661.27338.737.50331.232,000.000.00 83.06% 01-51440-340 CELLULAR PHONES 777.00423.0090.00333.001,200.000.00 64.75% 01-51440-355 SUBSCRIPTIONS 2,000.000.000.000.002,000.000.00 100.00% 01-51440-360 BOOKS & PUBLICATIONS 500.000.000.000.00500.000.00 100.00% 01-51440-365 OFFICE PRINTING COSTS 2,000.000.000.000.002,000.000.00 100.00% 01-51620-200 CONTRACTUAL EXPENSE 4,910.0389.970.0089.975,000.000.00 98.20% 01-51620-201 PROPERTY TAXES & ASSOC. DUES 108,503.8096,367.413,438.0092,929.41204,871.210.00 52.96% 01-51620-202 MARINA POLICE 50,718.8813,349.583,316.5210,033.0660,751.94-3,316.52 83.49% 01-51620-205 RENTAL OF OFFICES 24,816.005,184.000.005,184.0030,000.000.00 82.72% 01-51620-208 EQUIPMENT LEASES 10,571.311,771.96343.271,428.6912,000.00-343.27 88.09% 01-51620-209 PROPERTY MAINTENENCE COST 479,216.7558,435.509,941.7948,493.71531,327.00-6,325.25 90.19% 01-51620-210 IN KIND EXPENSE -60,615.8560,615.8510,911.1749,704.680.000.00 0.00% 01-51620-211 VEHICLE MAINTENANCE / FUEL 9,946.2353.770.0053.7710,000.000.00 99.46% 01-51620-212 HURRICANE/PROPERTY CONTINGENCY 35,000.000.000.000.0035,000.000.00 100.00% 01-51620-224 SIGNAGE 20,000.000.000.000.0020,000.000.00 100.00% 01-51620-325 ELECTRICITY COSTS 26,904.623,095.38683.632,411.7530,000.000.00 89.68% 01-51620-326 WATER CHARGES 22,856.202,143.80348.361,795.4425,000.000.00 91.42% 01-51630-200 CONTRACTUAL 150.00450.00450.000.00600.000.00 25.00% 01-51630-209 PROPERTY MAINTENENCE 91,344.2528,655.754,846.7023,809.05120,000.000.00 76.12% 01-51630-241 MARINA FUEL MANAGEMENT 144,938.26100,061.7420,012.3480,049.40245,000.000.00 59.16% 01-51630-242 MARINE FUEL STATION OVERHEAD 46,814.3413,185.664,293.638,892.0360,000.000.00 78.02% 01-51630-310 OFFICE SUPPLIES 902.62297.380.00297.381,200.000.00 75.22% 01-51630-325 ELECTRIC COSTS 11,754.424,245.58653.533,592.0516,000.000.00 73.47% 01-51630-326 WATER COSTS 6,491.353,508.65307.143,201.5110,000.000.00 64.91% 01-51630-327 GASOLINE & DEISEL FUEL PURCHAS 463,378.59363,821.41113,081.56250,739.85827,200.000.00 56.02% 01-51630-328 MARINA DIESEL SALES TAX 16,320.203,679.801,760.711,919.0920,000.000.00 81.60% 01-51650-200 CONTRACTUAL EXPENSE 1,800.000.000.000.001,800.000.00 100.00% 01-51650-210 CITY IT SUPPORT 27,185.007,815.000.007,815.0035,000.000.00 77.67% 153 Detail vs Budget Report Date Range: 02/01/2025 - 02/28/2025 3/4/2025 7:44:09 AM Page 3 of 5 Account Name Beginning Balance Total Activity Ending BalanceFiscal Budget Budget RemainingEncumbrances % Remaining 01-51650-211 COMPUTER SOFTWARE & LICENSES 6,000.000.000.000.006,000.000.00 100.00% 01-51650-212 FINANCIAL SOFTWARE MAINTENANCE 19,951.0022,109.000.0022,109.0042,060.000.00 47.43% 01-51650-330 TELEPHONE LINES 5,000.000.000.000.005,000.000.00 100.00% 01-51650-400 EQUIPMENT COSTS 7,146.065,853.940.005,853.9413,000.000.00 54.97% 01-51990-200 CONTRACTUAL EXPENSE - CONTINGENCY 100,000.000.000.000.00100,000.000.00 100.00% 01-57400-100 PERSONNEL SERVICES 105,378.0960,776.9112,357.9848,418.93166,155.000.00 63.42% 01-57400-216 ADVERTISING & PUBLIC NOTICES 38,165.0010,835.005,540.005,295.0049,000.000.00 77.89% 01-57400-218 ANNUAL REPORT & BROCHURES 4,920.0080.0080.000.005,000.000.00 98.40% 01-57400-225 ASSOC. MEETINGS & SEMINARS 11,682.36317.640.00317.6412,000.000.00 97.35% 01-57400-226 MEMBERSHIP DUES 9,191.661,508.3433.341,475.0010,700.000.00 85.90% 01-57400-227 DELIVERY SERVICES 1,500.000.000.000.001,500.000.00 100.00% 01-57400-229 CAREER DEVELOPMENT 10,500.000.000.000.0010,500.000.00 100.00% 01-57400-236 PHOTOGRAPHY / VIDEOS 20,000.000.000.000.0020,000.000.00 100.00% 01-57400-310 OFFICE SUPPLIES 1,782.94217.067.50209.562,000.000.00 89.15% 01-57400-340 CELLULAR PHONES 1,324.20675.80140.56535.242,000.000.00 66.21% 01-57400-355 SUBSCRIPTIONS 1,987.00113.00113.000.002,100.000.00 94.62% 01-57400-360 BOOKS & PUBLICATIONS 500.000.000.000.00500.000.00 100.00% 01-57400-365 OFFICE PRINTING COSTS 4,000.000.000.000.004,000.000.00 100.00% 01-57500-100 PERSONNEL SERVICES 118,739.5147,481.499,637.0137,844.48166,221.000.00 71.43% 01-57500-225 ASSOC. MEETINGS & SEMINARS 9,915.0085.000.0085.0010,000.000.00 99.15% 01-57500-226 MEMBERSHIP DUES 1,706.67893.33508.33385.002,600.000.00 65.64% 01-57500-229 CAREER DEVELOPMENT 11,895.00105.000.00105.0012,000.000.00 99.13% 01-57500-310 OFFICE SUPPLIES 1,852.98147.02-76.73223.752,000.000.00 92.65% 01-57500-340 CELLULAR PHONES 388.50211.5045.00166.50600.000.00 64.75% 01-57500-355 SUBSCRIPTIONS 500.000.000.000.00500.000.00 100.00% 01-57500-360 BOOKS & PUBLICATIONS 500.000.000.000.00500.000.00 100.00% 01-59000-151 F.I.C.A.54,258.8325,741.174,903.6620,837.5180,000.000.00 67.82% 01-59000-152 MEDICARE 18,815.316,184.691,146.815,037.8825,000.000.00 75.26% 01-59000-153 RETIREMENT PLAN 401(a)218,099.00131,901.0025,928.00105,973.00350,000.000.00 62.31% 01-59000-154 WORKERS COMP INSURANCE 15,000.000.000.000.0015,000.000.00 100.00% 01-59000-155 HEALTH INSURANCE 161,506.8138,493.195,856.8632,636.33200,000.000.00 80.75% 01-59000-156 DENTAL INSURANCE 8,351.981,648.02329.421,318.6010,000.000.00 83.52% 01-59000-157 LIFE INSURANCE 9,820.00180.0045.00135.0010,000.000.00 98.20% 01-59000-158 SHORT / LONG TERM DISABILITY 6,813.463,186.54531.092,655.4510,000.000.00 68.13% 01-59000-159 UNEMPLOYMENT CHARGES 5,000.000.000.000.005,000.000.00 100.00% 01-59000-160 VISION INSURANCE 2,794.00206.0041.20164.803,000.000.00 93.13% 01-59000-161 COMPENSATED ABSENSES 65,000.000.000.000.0065,000.000.00 100.00% 01-59800-990 TRANS OUT TO DEBT SERVICE FUND 0.002,317,425.000.002,317,425.002,317,425.000.00 0.00% 01-59999-990 INTERFUND TRANSFERS OUT 0.0017,591,645.000.0017,591,645.0017,591,645.000.00 0.00% Expense Totals:-18,766.50 25,659,129.13 21,339,376.60 321,792.80 21,661,169.40 4,016,726.23 15.65% 01 - GENERAL FUND Totals:-18,766.50 79,775.13 -3,889,820.56 94,567.79 -3,795,252.77 3,893,794.40 02 - PROJECTS FUND Revenue 154 Detail vs Budget Report Date Range: 02/01/2025 - 02/28/2025 3/4/2025 7:44:09 AM Page 4 of 5 Account Name Beginning Balance Total Activity Ending BalanceFiscal Budget Budget RemainingEncumbrances % Remaining 02-44100 FESTIVAL & EVENT INCOME 2,601.53-2,601.530.00-2,601.530.000.00 0.00% 02-46100 INTEREST INCOME 242,669.60-242,669.60-59,879.50-182,790.100.000.00 0.00% 02-47100 APPLICATION FEES 1,300.00-1,300.00-400.00-900.000.000.00 0.00% 02-48100 MISCELLANEOUS INCOME 2,493,669.52-2,493,669.52-7,478.13-2,486,191.390.000.00 0.00% 02-49100 OTHER FINANCING SOURCES -8,187,298.000.000.000.00-8,187,298.000.00 -100.00% 02-49900 TRANSFERS IN 0.00-17,591,645.000.00-17,591,645.00-17,591,645.000.00 0.00% Revenue Totals:0.00 -25,778,943.00 -20,264,128.02 -67,757.63 -20,331,885.65 -5,447,057.35 -21.13% Expense 02-58100-202 CONTINGENCY EXPENSE 200,000.000.000.000.00200,000.000.00 100.00% 02-58100-203 CONTRACTUAL EXPENSE 1,040,853.6610,296.340.0010,296.341,051,150.000.00 99.02% 02-58100-213 LEGAL FEES 187,643.5097,745.5022,412.0075,333.50285,389.000.00 65.75% 02-58200-401 PROPERTY PURCHASES 6,610,095.681,349,219.920.001,349,219.927,959,315.600.00 83.05% 02-58200-402 IMPROVEMENTS 4,227,913.005,700.00800.004,900.004,233,613.000.00 99.87% 02-58200-404 CONSTRUCTION IN PROGRESS 135,220.200.000.000.00135,220.200.00 100.00% 02-58200-405 SITE WORK AND DEMOLITION FEES 276,964.7439,207.781,920.0037,287.78316,172.520.00 87.60% 02-58200-406 INFRASTRUCTURE AND STREETSCAPE 9,201,375.401,836,359.18582.501,835,776.6811,037,152.08-582.50 83.37% 02-58400-443 DIFA-ECONOMIC DEVELOPMENT 583,524.000.000.000.00583,524.000.00 100.00% 02-58400-444 ECONOMIC DEVELOPMENT GRANTS 845,023.05241,481.7230,890.69210,591.031,176,377.1389,872.36 71.83% 02-58400-445 MARKETING INCENTIVES 217,556.831,047.17280.00767.17218,604.000.00 99.52% 02-58500-460 COMMUNITY POLICING INNOVATIONS 1,383,466.56197,754.68197,733.6920.991,383,487.55-197,733.69 100.00% 02-58500-470 COMMUNITY SUPPORT PROJECTS 551,407.34134,733.9135,984.1998,749.72650,157.06-35,984.19 84.81% 02-58500-480 COMMUNITY SPECIAL EVENTS 491,214.34155,957.6616,727.42139,230.24647,172.000.00 75.90% Expense Totals:-144,428.02 29,877,334.14 3,762,173.37 307,330.49 4,069,503.86 25,952,258.30 86.86% 02 - PROJECTS FUND Totals:-144,428.02 4,098,391.14 -16,501,954.65 239,572.86 -16,262,381.79 20,505,200.95 03 - DEBT SERVICE Revenue 03-46100 INTEREST INCOME 9,813.52-9,813.52-4,310.04-5,503.480.000.00 0.00% 03-49900 TRANSFERS IN 0.00-2,317,425.000.00-2,317,425.00-2,317,425.000.00 0.00% Revenue Totals:0.00 -2,317,425.00 -2,322,928.48 -4,310.04 -2,327,238.52 9,813.52 0.42% Expense 03-59800-814 BOND 2012 PRINCIPAL 1,487,000.000.000.000.001,487,000.000.00 100.00% 03-59800-815 BOND 2015 PRINCIPAL 705,000.000.000.000.00705,000.000.00 100.00% 03-59800-824 BOND 2012 INTEREST 77,235.000.000.000.0077,235.000.00 100.00% 03-59800-826 BOND 2015 INTEREST 47,190.000.000.000.0047,190.000.00 100.00% 03-59800-830 FINANCIAL AGENT FEES 1,000.000.000.000.001,000.000.00 100.00% Expense Totals:0.00 2,317,425.00 0.00 0.00 0.00 2,317,425.00 100.00% 03 - DEBT SERVICE Totals:0.00 0.00 -2,322,928.48 -4,310.04 -2,327,238.52 2,327,238.52 Report Total:-163,194.52 4,178,166.27 -22,714,703.69 329,830.61 -22,384,873.08 26,726,233.87 155 Detail vs Budget Report Date Range: 02/01/2025 - 02/28/2025 3/4/2025 7:44:09 AM Page 5 of 5 Fund Summary Fund Beginning Balance Total Activity Ending BalanceFiscal Budget Budget RemainingEncumbrances % Remaining -18,766.50 79,775.13 -3,889,820.56 94,567.79 -3,795,252.77 3,893,794.4001 - GENERAL FUND -144,428.02 4,098,391.14 -16,501,954.65 239,572.86 -16,262,381.79 20,505,200.9502 - PROJECTS FUND 0.00 0.00 -2,322,928.48 -4,310.04 -2,327,238.52 2,327,238.5203 - DEBT SERVICE Report Total:-163,194.52 4,178,166.27 -22,714,703.69 329,830.61 -22,384,873.08 26,726,233.87 156 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.B SUBJECT: Approval of the Commercial Property Improvement Grant Program in the Amount of $30,750 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial build-out costs associated with the construction, repair, and/or rehabilitation of commercial building improvement. The Commercial Property Improvement Grant Programs provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. The Program also provides funding assistance related to the design fees for architectural, electrical, civil, mechanical, and/or plumbing improvements for eligible property improvements. Applicants are eligible to receive 50% of the applicant's project budget up to a maximum amount of $10,000 for design fees. CRA staff has received a complete grant application from AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 , Boynton Beach, FL 33435 (see Attachments I- II). Forbes Dental is committed to providing exceptional dental care in a compassionate, comfortable and welcoming environment. Forbes Dental is dedicated to enhancing the health and beauty of every smile through personalized treatment, advanced technology and a commitment to patient education. As a medical office, the applicant falls under the terms of a Tier II business as outlined in the grant application. The applicant is seeking reimbursement for a brand new interior build-out. The total cost of eligible property improvements is approximately $376,800 (see Attachment III). The associated design fees for the improvements total $11,500 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $25,000 in reimbursable funding for the property improvements and $5,750 in design fees provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted to CRA staff for approval. FISCAL IMPACT: 157 •Attachment I - Commercial Property Improvement Grant Application •Attachment II - Location Map •Attachment III - Project Quote •Attachment IV - Design Fees FY 2024-2025 Budget Project Fund, Line Item 02-58400-444, $25,000 for Property Improvements; $5,750 for Design CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of a Commercial Property Improvement Grant Program in the Amount of $30,750 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 , Boynton Beach, FL 33435. ATTACHMENTS: Description 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 Business Information Additional Information Application Commercial Property Improvement Grant Application Status Awaiting Decision Business Name Forbes Dental Contact Legal Name Alexander Forbes Email ajfdental@gmail.com Address 701 Kanuga Dr, West Palm Beach, Florida 33401, United States Phone 904-307-5032 Website http://@Dr.AForbes Special Requests Submitted Time Feb 03, 2025 6:47 pm Tags Boynton Beach Business Address: 1315 N Federal Hwy Boynton Beach, Fl 33435 Provide a list of all principal owners listed on the corporate documents Alexander Forbes 701 Kanuga Dr, West Palm Beach, Fl 33401 (904) 307 - 5032 alec0884@gmail.com Business Mission Statement Mission Statement Our mission at AJF Dental LLC d/b/a Forbes Dental is to provide exceptional dental care in a compassionate, comfortable, and welcoming environment. We are dedicated to enhancing the health and beauty of every smile through personalized treatment, advanced technology, and a commitment to patient education. Our team strives to build lasting 2/5/25, 1:19 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500169&index=0&total=17 1/5175 relationships with each patient, ensuring their dental experience is as positive and stress-free as possible. We aim to serve our community by offering comprehensive dental services that promote lifelong oral health and well-being. History of Property The building at 1315 N Federal Highway was originally built in approximately 2007, and only the first floor was occupied and the second floor was not built out. At some point, North General Center of Medicine, a family medicine practice occupied the first floor. In 2015, the building changed ownership and the second floor was finished as a general office space. A business by the name of Service First Processing occupied the newly-finished second floor space and was focused on providing IT/financial services. In November 2023, AJF Realty LLC purchased the property with the plan to lease the first floor space to AJF Dental LLC for use as a dental office, and lease the second floor to a different tenant for general office use. AJF Dental LLC acquired design and construction plans from Desscon Engineering and contracted with Konquest Inc. for the complete gut construction and renovation of the first floor. The second floor is currently leased by Vertigo Real Estate Ventures. Are you an existing business in Boynton Beach? No Numbers of years in existence 5 Are you a new business in Boynton Beach? Yes Description of your business General Dentist. Will operate a general dentist practice providing oral health care for the local community. Type of Business Tier II Base Rent (include CAM if applicable) $6,000 Square Footage of Current Location 0 Square Footage of New Location 2105 Number of Employees & Job Descriptions Dentist • 1-2 positions. Primary responsibility will be to diagnose and treat the oral health conditions of the patients they serve. Pay can vary dramatically but generally is above 100K. Will hold normal business hours (8-5), Monday through Friday. Hygienist • 1-3 positions. Devoted to evaluating and treating gum disease under the supervision of a licensed dentist. Salary for this position ranges from $30-40 per hour. These positions will be full time. Office Manager • 1 position. Responsible for supervising and managing the operations of the dental office. This includes reviewing collections, managing materials and inventory, scheduling service and repairs, monitoring training and continuing education requirements, and personnel changes. Pay can very between $30-50 per hour. This will be a full-time position. Receptionist • 1-2 positions. Responsible for managing the front office operations of a dental practice, including greeting patients, scheduling appointments, answering phone calls, updating patient records, collecting payments, verifying insurance information, and handling administrative tasks. Pay ranges are 2/5/25, 1:19 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500169&index=0&total=17 2/5176 between $15-22 per hour. These will be full-time positions. Dental Assistant • 1-3 positions. Responsible for preparing patients and treatment rooms, assisting during dental procedures by passing instruments, taking X-rays, and providing post-treatment instructions. Pay ranges are between $17-25 per hour. These will be full-time positions. Sterilization Technician • 1 position. Provides sterilization of dental instruments and trays including sorting, cleaning, and decontaminating instruments following standard procedures and techniques. Pay ranges are between $15-20 per hour. This will be a full-time position. Laboratory Technician • 1 position. Responsible for designing and manufacturing corrective devices for and replacements of natural teeth. A dental laboratory technician communicates and collaborates with the dentist to plan, design and fabricate dental prostheses for individual patients. Pay ranges between $25-35 per hour. This will be a full-time position. Hours of Operation Monday - Friday, 8:00am - 5:00pm. Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Rent Reimbursement Grant Program Are you applying for grant assistance under any other governmental agencies? n/a Landlord Contact Information Alexander Forbes 701 Kanuga Dr, West Palm Beach, Fl 33401 (904) 307 - 5032 alec0884@gmail.com In the following sections, please upload the requested documents. If more than one file is needed in a response to an individual prompt, go to "Choose Files," select multiple files at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on corporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload a copy of the corporate documents here: File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept here: (No response submitted) Upload Palm Beach County Business Tax Reciept here: (No response submitted) Upload Credit Check Authorization Form here: File uploaded Upload Business w9 here: File uploaded Upload Grant Intake Form here: File uploaded 2/5/25, 1:19 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500169&index=0&total=17 3/5177 Prices Upload Signed "Program Rules and Regulations" here: File uploaded List of improvements seeking reimbursement for: Space is undergoing full renovation. We are making major improvements to all mechanical systems (electrical, plumbing and HVAC) as well as cosmetic improvements to walls, floors, lighting, and ceiling. Requested grant amount for design fees: $5,750 Requested grant amount for eligible property improvments: $25,000 Upload cost estimates from a licensed contractor(s) here: File uploaded If design funding is requested, upload the cost estimate(s) from a qualified licensed design professional here: File uploaded Upload a copy of design and construction plans associated with the proposed improvements here: File uploaded Upload a copy of the building permit application here: (No response submitted) Upload the "City Acknowledgement" Forms here: (No response submitted) Upload Notarized "Anti-Human Trafficking Affidavit" here: File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" notifications sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Alexander J Forbes How would you like to pay your application fee? Pay with credit card Application Fee Quantity - 1 | Total - $100.00 2/5/25, 1:19 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500169&index=0&total=17 4/5178 Pictures 2/5/25, 1:19 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500169&index=0&total=17 5/5179 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print AJF REALTY LLC LOCATION 1315 N FEDERAL HWY MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-22-08-000-0130 SUBDIVISION WILMS WAY IN BOOK/PAGE 34685/1871 SALE DATE 10/31/2023 MAILING ADDRESS 701 KANUGA DR WEST PALM BEACH FL 33401 7221 USE TYPE 1700 - OFFICE BLDG-NON MEDICAL 1 TO 3 STORIES TOTAL SQUARE FEET 4228 OWNERS PROPERTY DETAIL SALES INFORMATION v.1.4a 2/5/25, 1:38 PM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1180 181 182 183 184 185 186 187 188 Exhibit "B" Building Cost Breakdown Date:July 17, 2024 Project:AJF Dental Address:1315 N. Federal Highway, Boynton Beach Square Footage:1,899 Item Total Cost Cost per Square Foot Asbestos Testinng $1,124.00 $0.59 Demolition $17,500.00 $9.22 Concrete Cutting & Core Drilling $4,100.00 $2.16 Concrete Repair $4,600.00 $2.42 Electrical $68,000.00 $35.81 HVAC $14,990.00 $7.89 Plumbing and Medical Gas $53,200.00 $28.01 Drywall & Framing $51,311.00 $27.02 Acoustical Ceiling Tile $9,800.00 $5.16 Millwork $7,630.00 $4.02 Accessories $2,668.00 $1.40 Millwork Labor $5,154.00 $2.71 Flooring Allowance $16,857.00 $8.88 Floor Preparation Allowance $3,308.00 $1.74 Cabinetry $40,303.00 $21.22 Solid Surface Counter Tops $10,055.00 $5.29 Construction Cleaning $800.00 $0.42 Fire Extinguisher and Cabinet $300.00 $0.16 Trash Removal $2,300.00 $1.21 General Conditions & Insurance $9,420.00 $4.96 Overhead & Profit $53,380.00 $28.11 Total $376,800.00 $198.42 1420 SW 20th Street, Boca Raton, FL 33433 561-210-5366 office 561-210-5360 fax konquestinc.com 189 190 191 192 193 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.C SUBJECT: Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $21,000 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1 SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1, Boynton Beach, FL 33435 (see Attachments I-II). Forbes Dental is committed to providing exceptional dental care in a compassionate, comfortable and welcoming environment. Forbes Dental is dedicated to enhancing the health and beauty of every smile through personalized treatment, advanced technology and a commitment to patient education. As a medical office, Forbes Dental will employ approximately 15 part-time and full-time positions for dentists, dental assistances, laboratory technicians, receptionists, office manager and hygienist. Under the terms of their proposed Landlord-Tenant Lease Agreement, the base rent to be paid by the applicant is $6,000 per month (see Attachment III). Forbes Dental qualifies as a Tier II business (as specified in the grant application) and would receive reimbursement for one-half of their monthly rent amount or maximum grant amount of $1,750 per month for a 12-month period, whichever is less. If approved, Forbes Dental would be reimbursed in the amount of $1,750/month for a period of 12 months or a total grant amount of $21,000 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58400-444, $21,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan 194 •Attachment I - Commercial Rent Reimbursement Grant Application •Attachment II - Location Map •Attachment III - Lease CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $21,000 to AJF Dental LLC d/b/a Forbes Dental located at 1315 N. Federal Highway, Suite 1, Boynton Beach, FL 33435. ATTACHMENTS: Description 195 196 197 198 199 200 201 202 203 204 205 206 207 Business Information Additional Information Application Commercial Rent Reimbursement Grant Program Status Awaiting Decision Business Name Forbes Dental Contact Legal Name Alexander Forbes Email ajfdental@gmail.com Address 701 Kanuga Dr, West Palm Beach, Florida 33401, United States Phone 904-307-5032 Website http://@Dr.AForbes Special Requests Submitted Time Feb 03, 2025 6:56 pm Tags Boynton Beach Business Address: 1315 N Federal Hwy Boynton Beach, Fl 33435 Provide a list of all principal owners listed on corporate documents Alexander Forbes 701 Kanuga Dr, West Palm Beach, Fl 33401 (904) 307 - 5032 alec0884@gmail.com Business Mission Statement Mission Statement Our mission at AJF Dental LLC d/b/a Forbes Dental is to provide exceptional dental care in a compassionate, comfortable, and welcoming environment. We are dedicated to enhancing the health and beauty of every smile through personalized treatment, advanced technology, and a commitment to patient education. Our team strives to build lasting relationships with each patient, ensuring their dental experience is as positive and stress-free as possible. We aim to serve our community by offering comprehensive dental services that promote lifelong oral health and well-being. History of Property The building at 1315 N Federal 2/5/25, 1:35 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500184&index=6&total=18 1/5208 Highway was originally built in approximately 2007, and only the rst oor was occupied and the second oor was not built out. At some point, North General Center of Medicine, a family medicine practice occupied the rst oor. In 2015, the building changed ownership and the second oor was nished as a general o ce space. A business by the name of Service First Processing occupied the newly- nished second oor space and was focused on providing IT/ nancial services. In November 2023, AJF Realty LLC purchased the property with the plan to lease the rst oor space to AJF Dental LLC for use as a dental o ce, and lease the second oor to a different tenant for general o ce use. AJF Dental LLC acquired design and construction plans from Desscon Engineering and contracted with Konquest Inc. for the complete gut construction and renovation of the rst oor. The second oor is currently leased by Vertigo Real Estate Ventures. Are you an existing business in Boynton Beach? No Numbers of years in existence 5 Are you a new business in Boytnon Beach? Yes Description of your business General Dentist. To operate a general dentist o ce in Boynton Beach that provides oral health care to the surrounding community. Type of Business Tier II Base Rent (plus CAM if applicable) $6,000 Square Footage of Current Location 0 Square Footage of New Location 2105 Number of Employees & Job Descriptions Dentist • 1-2 positions. Primary responsibility will be to diagnose and treat the oral health conditions of the patients they serve. Pay can vary dramatically but generally is above 100K. Will hold normal business hours (8-5), Monday through Friday. Hygienist • 1-3 positions. Devoted to evaluating and treating gum disease under the supervision of a licensed dentist. Salary for this position ranges from $30-40 per hour. These positions will be full time. O ce Manager • 1 position. Responsible for supervising and managing the operations of the dental o ce. This includes reviewing collections, managing materials and inventory, scheduling service and repairs, monitoring training and continuing education requirements, and personnel changes. Pay can very between $30-50 per hour. This will be a full-time position. Receptionist • 1-2 positions. Responsible for managing the front o ce operations of a dental practice, including greeting patients, scheduling appointments, answering phone calls, updating patient records, collecting payments, verifying insurance information, and handling administrative tasks. Pay ranges are between $15-22 per hour. These will be full-time positions. Dental Assistant • 1-3 positions. Responsible for preparing patients and treatment rooms, assisting during dental procedures by passing instruments, taking X-rays, and providing post-treatment instructions. Pay ranges are 2/5/25, 1:35 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500184&index=6&total=18 2/5209 between $17-25 per hour. These will be full-time positions. Sterilization Technician • 1 position. Provides sterilization of dental instruments and trays including sorting, cleaning, and decontaminating instruments following standard procedures and techniques. Pay ranges are between $15-20 per hour. This will be a full-time position. Laboratory Technician • 1 position. Responsible for designing and manufacturing corrective devices for and replacements of natural teeth. A dental laboratory technician communicates and collaborates with the dentist to plan, design and fabricate dental prostheses for individual patients. Pay ranges between $25-35 per hour. This will be a full-time position. Hours of Operation Monday - Friday, 8:00am - 5:00pm. Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Property Improvement Grant Program Are you applying for grant assistance under any other governmental agencies? n/a Landlord Contact Information Alexander Forbes 701 Kanuga Dr, West Palm Beach, Fl 33401 (904) 307 - 5032 alec0884@gmail.com In the following sections, please upload the requested documents. If more than one le is needed in a response to an individual prompt, go to "Choose Files," select multiple les at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on coporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload Copy of Corporate Documents Here File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept Here (No response submitted) Upload Palm Beach County Business Tax Reciept Here (No response submitted) Upload Credit Check Authorization Form Here File uploaded Upload Business w9 here: File uploaded Upload the Grant Intake Form here: File uploaded Upload Notarized "Anti-Human Tra cking A davit" here: File uploaded Upload Signed "Program Rules & Regulations" Here 2/5/25, 1:35 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500184&index=6&total=18 3/5210 Prices File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" noti cations sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Alexander J Forbes How would you like to pay your application fee? Pay with credit card Application Fee Quantity - 1 | Total - $100.00 2/5/25, 1:35 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=500184&index=6&total=18 4/5211 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print AJF REALTY LLC LOCATION 1315 N FEDERAL HWY MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-22-08-000-0130 SUBDIVISION WILMS WAY IN BOOK/PAGE 34685/1871 SALE DATE 10/31/2023 MAILING ADDRESS 701 KANUGA DR WEST PALM BEACH FL 33401 7221 USE TYPE 1700 - OFFICE BLDG-NON MEDICAL 1 TO 3 STORIES TOTAL SQUARE FEET 4228 OWNERS PROPERTY DETAIL SALES INFORMATION v.1.4a 2/5/25, 1:38 PM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.D SUBJECT: Approval of the Commercial Property Improvement Grant Program in the Amount of $26,900 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in the Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106 SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial build-out costs associated with the construction, repair, and/or rehabilitation of commercial building improvement. The Commercial Property Improvement Grant Programs provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. The Program also provides funding assistance related to the design fees for architectural, electrical, civil, mechanical, and/or plumbing improvements for eligible property improvements. Applicants are eligible to receive 50% of the applicant's project budget up to a maximum amount of $10,000 for design fees. CRA staff has received a complete grant application from Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in the Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106 , Boynton Beach, FL 33435 (see Attachments I-II). The Law and Mediation Office of Diane Andre Esq. was founded in 2022 to offer a cost-effective and efficient alternative to litigation with the goal of leveling the playing field for all parties involved. By facilitating open communication and collaborative problem-solving, the practice enables disputing parties to reach mutually beneficial resolutions in a supportive environment. As a professional office, the applicant falls under the terms of a Tier II business as outlined in the grant application. The applicant is seeking reimbursement for a brand new interior build- out. The total cost of eligible property improvements is approximately $102,833.70 (see Attachment III). The associated design fees for the improvements total $3,800 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $25,000 in reimbursable funding for the property improvements and $1,900 in design fees provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted 229 •Attachment I - Commercial Property Improvement Grant •Attachment II - Location Map •Attachment III - Project Quote •Attachment IV - Design Fees to CRA staff for approval. FISCAL IMPACT: FY 2024-2025 Budget Project Fund, Line Item 02-58400-444, $25,000 for Property Improvements; $1,900 for Design CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of a Commercial Property Improvement Grant Program in the Amount of $26,900 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in the Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106, Boynton Beach, FL 33435. ATTACHMENTS: Description 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 Business Information Additional Information Application Commercial Property Improvement Grant Application Status Awaiting Decision Business Name Law and Mediation Office of Diane Andre Esq. Contact Legal Name Diane Andre Email diane.andre.esq@gmail.com Address 133 Kensington Way, Royal Palm Beach, Florida 33414, United States Phone 917-359-8451 Website http://N/A Special Requests Submitted Time Feb 07, 2025 3:54 pm Tags Boynton Beach Business Address: 137 NE 10th Avenue, Unit 106 Provide a list of all principal owners listed on the corporate documents Diane Andre, Esq. Business Mission Statement Founded in 2022, the mediation practice was established to offer a cost-effective and efficient alternative to litigation, with the goal of leveling the playing field for all parties involved. By facilitating open communication and collaborative problem-solving, the practice enables disputing parties to reach mutually beneficial resolutions in a supportive environment. Are you an existing business in Boynton Beach? 2/13/25, 9:32 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=504389&index=2&total=21 1/5247 No Numbers of years in existence 2 Are you a new business in Boynton Beach? Yes Description of your business Legal and mediation practice recognizing the need for comprehensive legal support, the practice is now expanding into areas such as bankruptcy, personal injury, and family law. This expansion aligns with its mission to enhance access to justice by providing clients not only with mediation services but also with legal representation. By integrating these services, the practice aims to empower clients and ensure they have the resources and support necessary to navigate complex legal challenges, further promoting equitable outcomes for all. Type of Business Tier II Base Rent (include CAM if applicable) $1,925 Square Footage of Current Location 950 Square Footage of New Location 1000 Number of Employees & Job Descriptions LIST OF JOBS TO BE CREATED AND FILLED INCLUDING JOB DESCRIPTIONS 1. Attorney - Pay Range: $80,000 - $120,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM - Occasional evening meetings with clients Specializing in mediation, facilitates negotiations between disputing parties to achieve mutually agreeable solutions. Handle matters such as divorce and child custody, providing legal advice and advocating for clients in court. Assist clients with filing under various bankruptcy chapters, offering debt relief options, and representing them in court. Personal injury practice area advocates for clients injured due to negligence, gathering evidence, negotiating settlements, and preparing legal documents for court representation. Each role is crucial in ensuring fair outcomes and protecting clients' rights. 2. Paralegal/Receptionist. - Pay Range: $40,000 - $60,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM The Receptionist/Paralegal serves as the first point of contact for clients, managing phone calls, appointments, and inquiries while providing administrative support, including filing and data entry. In addition, this role assists attorneys with legal document preparation, conducts research, drafts correspondence, and prepares for trials by organizing evidence and maintaining client communications. This combined position ensures the efficient operation of the law office and delivers high-quality service to clients. *Additional Roles That Could Be Created As Practice Grows 3. Legal Assistant - Pay Range: $35,000 - $50,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM 4. Office Manager - Pay Range: $50,000 - $75,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM 5. Intern (Law Student) - Pay Range: $15 - $25 per hour (part-time) - Weekly Schedule: Monday to Friday - 9 AM - 5 PM Hours of Operation 9-5 Are you applying for grant assitance under any other program offered by the BBCRA? 2/13/25, 9:32 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=504389&index=2&total=21 2/5248 Commercial Business Marketing Grant Program (only available to eligible business currently open) Are you applying for grant assistance under any other governmental agencies? N/A Landlord Contact Information Wells Landing Apartments, LLC d/b/a The Heart of Boynton Shops 137 NE 10th Avenue, Ste. 106, Boynton Beach, FL 33435 In the following sections, please upload the requested documents. If more than one file is needed in a response to an individual prompt, go to "Choose Files," select multiple files at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on corporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload a copy of the corporate documents here: File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept here: (No response submitted) Upload Palm Beach County Business Tax Reciept here: (No response submitted) Upload Credit Check Authorization Form here: File uploaded Upload Business w9 here: File uploaded Upload Grant Intake Form here: File uploaded Upload Signed "Program Rules and Regulations" here: File uploaded List of improvements seeking reimbursement for: Buildout modifications, partitioning, flooring, and ceiling systems to create functional work areas, along with architectural updates, including but not limited to interior design enhancements, and accessibility upgrades. Mechanical improvements, including but not limited to, HVAC, fire suppression, and plumbing (water supply, drainage, and fixture installations). Electrical improvements, including but not limited to, wiring, energy-efficient lighting, and security systems, as well as backup power solutions. Requested grant amount for design fees: $1900 Requested grant amount for eligible property improvments: 2/13/25, 9:32 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=504389&index=2&total=21 3/5249 Prices $25,000 Upload cost estimates from a licensed contractor(s) here: File uploaded If design funding is requested, upload the cost estimate(s) from a qualified licensed design professional here: File uploaded Upload a copy of design and construction plans associated with the proposed improvements here: File uploaded Upload a copy of the building permit application here: (No response submitted) Upload the "City Acknowledgement" Forms here: (No response submitted) Upload Notarized "Anti-Human Trafficking Affidavit" here: File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" notifications sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Diane Andre How would you like to pay your application fee? Drop off a check to the BBCRA Office Application Fee Quantity - 1 | Total - $0.00 2/13/25, 9:32 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=504389&index=2&total=21 4/5250 Pictures 2/13/25, 9:32 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=504389&index=2&total=21 5/5251 1/23/24, 9:36 AM PAPA Maps https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434528480060000 1/1 View Property Record Owners WELLS LANDING APARTMENTS LLC Property Detail Location 137 E MARTIN LUTHER KING JR BLVD Municipality BOYNTON BEACH Parcel No.08434521240000010 Subdivision MEEKS ADD TO BOYNTON IN Book 31005 Page 1515 Sale Date NOV-2019 Mailing Address 7735 NW 146TH ST STE 306 HIALEAH FL 33016 1583 Use Type 1000 - VACANT COMMERCIAL Total Square Feet 0 Sales Information Sales Date Price NOV-2019 10 DEC-2009 105455 MAY-2004 10 APR-2004 0 FEB-1983 100 Appraisals Tax Year 2023 Improvement Value $18,786 Land Value $609,989 Total Market Value $628,775 All values are as of January 1st each year Assessed/Taxable values Tax Year 2023 Assessed Value $467,182 Exemption Amount $0 Taxable Value $467,182 Taxes Tax Year 2023 Ad Valorem $10,505 Non Ad Valorem $0 Total tax $10,505 Search by Owner, Address or Parcel 252 Final Proposal RS Construction of Dade, Inc.Date 1/21/2025 CGC 040308 7735 NW 146th Street, Suite 306 Miami Lakes, FL 33016 305-821-0330 Proposal For: WORK TO UNIT 106 The Law Office of Diane Andre 137 E Martin Luther Jr. Blvd - Unit 106 Boynton Beach , Florida 33125 All Labor & Materials for the Interior Built - Out for Unit #106 according to plans by ARCHITEX (FINAL PLANS ) Drywall & Drywall Finish - 60 lf. ADDITIONAL FT & Backing $13,250.00 Acoustical Ceiling $2,850.00 Insulation $2,500.00 Doors & Hardware - Additional doors $6,376.00 Painting- Additional Walls & Doors& Trim $2,750.00 Cabinets & Tops - Allowance $3,383.00 Flooring Tile - ALLOWANCE $4,470.00 HVAC - Mechanical & Ventilation $13,130.00 Plumbing & Plumbing Fixtures $7,871.00 Fire Sprinklers $4,400.00 Fire Alarm $2,100.00 Electrical - Value Engineeing $22,350.00 Light Fixtures - 2 lights $3,400.00 Specilaties - Handicap Requirements In Bathrooms $775.00 Rough & Final Cleaning $600.00 SubTotal $90,205.00 GC FEE - 14 %$12,628.70 TOTAL CONSTRUCTION COST $102,833.70 This proposal includes all fees, materials, labor, over head & profit until we received the final permit set . Scope of Work Schedule of Value 253 To:Email: Phone: Address: Project Name: Project address: Fee Description: Total this invoice:$2,800.00 ARCHITEK DESIGN STUDIO, LLC. | 172 CATANIA WAY | ROYAL PALM BEACH, FLORIDA 33411 | O: 561.798.9809 | M 561.917.1128 Invoice Number: Date: Project #: DIANE ANDRE.ESQ @THE HEART OF BOYNTON DIANE ANDRE ,ESQ - Remaining Balance: PERMIT PLANS 137 NE 10th AVENUE, UNIT 106 FINAL PLANS FOR PERMITTING . . . . . . . . THANK YOU FOR YOUR BUSINESS! . . . . . . . . Previous Payments:1,000.00 Previous Billing:1,000.00 Total this invoice:$2,800.00 2,800.00Current Fee Billing: 2,800.00 0.00 Project Description: BOYNTON BEACH, FLORIDA 33435 INVOICE FOR PROFESSIONAL SERVICES RENDERED Architectural, Mechanical, Plumbing, and Electrical Permit Plans Total Earned:3,800.00 Subtotal: 24.0223 11/26/2024 2024.0135 - - DIANA ANDRE,ESQ diana.andre.esq@gmail.com - Total Fixed Fee:$3,800.00 Percent Complete:100% INVOICE 2024.0224_24.0135_Diane Andre ESQ_Invoice_FINAL.xlsx 254 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.E SUBJECT: Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $11,550 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106 SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106, Boynton Beach, FL 33435 (see Attachments I-II). The Law and Mediation Office of Diane Andre Esq. was founded in 2022 to offer a cost-effective and efficient alternative to litigation with the goal of leveling the playing field for all parties involved. By facilitating open communication and collaborative problem-solving, the practice enables disputing parties to reach mutually beneficial resolutions in a supportive environment. As a professional office, Law and Mediation Office of Diane Andre Esq. will employ approximately four part-time and full-time positions for an attorney, legal assistant, paralegal and office manager with hopes to provide opportunities for internships. Under the terms of their proposed Landlord-Tenant Lease Agreement, the base rent to be paid by the applicant is $1,925 per month (see Attachment III). Law and Mediation Office of Diane Andre Esq. qualifies as a Tier II business (as specified in the grant application) and would receive reimbursement for one-half of their monthly rent amount or maximum grant amount of $1,750 per month for a 12-month period, whichever is less. If approved, Law and Mediation Office of Diane Andre Esq. would be reimbursed in the amount of $962.50/month for a period of 12 months or a total grant amount of $11,550 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58400-444, $11,550 255 •Attachment I - Commercial Rent Reimbursement Grant Application •Attachment II - Location Map •Attachment III - Lease CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $11,550 to Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 106, Boynton Beach, FL 33435. ATTACHMENTS: Description 256 257 258 259 260 261 262 263 264 265 266 267 268 Business Information Additional Information Application Commercial Rent Reimbursement Grant Program Status Awaiting Decision Business Name Law and Mediation O ce of Diane Andre Esq. Contact Legal Name Diane Andre Email diane.andre.esq@gmail.com Address 133 Kensington Way, Royal Palm Beach, Florida 33414, United States Phone 917-359-8451 Website http://N/A Special Requests Submitted Time Feb 09, 2025 1:36 pm Tags Boynton Beach Business Address: 137 NE 10th Avenue, Suite 106 Boynton Beach, FL 33435 Provide a list of all principal owners listed on corporate documents Diane Andre (917) 359-8451 diane.andre.esq@gmail.com Business Mission Statement Founded in 2022, our mediation practice provides a cost-effective, e cient alternative to litigation, fostering open communication and collaborative problem-solving to help disputing parties reach mutually bene cial resolutions. As we expand into legal services like bankruptcy, personal injury, and family law, our mission remains to enhance access to justice by offering both mediation and legal representation, empowering clients to navigate complex challenges and promoting equitable outcomes for all. 2/13/25, 9:34 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505465&index=6&total=21 1/4269 Are you an existing business in Boynton Beach? No Numbers of years in existence 2 Are you a new business in Boytnon Beach? Yes Description of your business Founded in 2022, the mediation practice was established to offer a cost-effective and e cient alternative to litigation, with the goal of leveling the playing eld for all parties involved. By facilitating open communication and collaborative problem-solving, the practice enabled disputing parties to reach mutually bene cial resolutions in a supportive environment. Over the years, it built a reputation for skilled mediators who adeptly handled con icts across various domains, including family disputes, contract disagreements, and workplace issues. Recognizing the growing need for comprehensive legal support, the practice is now expanding into areas such as bankruptcy, personal injury, and family law. This expansion aligns with its mission to enhance access to justice by providing clients not only with mediation services but also with legal representation. By integrating these services, the practice aims to empower clients and ensure they have the resources and support necessary to navigate complex legal challenges, further promoting equitable outcomes for all. Type of Business Tier II Base Rent (plus CAM if applicable) $1,925 Square Footage of Current Location (No response submitted) Square Footage of New Location 1000 sq. ft. Number of Employees & Job Descriptions 1. Attorney - Pay Range: $80,000 - $120,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM - Occasional evening meetings with clients Specializing in mediation, facilitates negotiations between disputing parties to achieve mutually agreeable solutions. Handle matters such as divorce and child custody, providing legal advice and advocating for clients in court. Assist clients with ling under various bankruptcy chapters, offering debt relief options, and representing them in court. Personal injury practice area advocates for clients injured due to negligence, gathering evidence, negotiating settlements, and preparing legal documents for court representation. Each role is crucial in ensuring fair outcomes and protecting clients' rights. 2. Paralegal/Receptionist. - Pay Range: $40,000 - $60,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM The Receptionist/Paralegal serves as the rst point of contact for clients, managing phone calls, appointments, and inquiries while providing administrative support, including ling and data entry. In addition, this role assists attorneys with legal document preparation, conducts research, drafts correspondence, and prepares for trials by organizing evidence and maintaining client communications. This combined position ensures the e cient operation of the law o ce and delivers high-quality service to clients. *Additional Roles That Could Be Created As Practice Grows 3. Legal Assistant - Pay Range: $35,000 - $50,000 per year - 2/13/25, 9:34 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505465&index=6&total=21 2/4270 Weekly Schedule: Monday to Friday - 9 AM - 5 PM 4. O ce Manager - Pay Range: $50,000 - $75,000 per year - Weekly Schedule: Monday to Friday - 9 AM - 5 PM 5. Intern (Law Student) - Pay Range: $15 - $25 per hour (part-time) - Weekly Schedule: Monday to Friday - 9 AM - 5 PM Hours of Operation Weekly Schedule: Monday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Property Improvement Grant Program Are you applying for grant assistance under any other governmental agencies? N/A Landlord Contact Information Wells Landing Apartments LLC d/b/a The Heart of Boynton Shops In the following sections, please upload the requested documents. If more than one le is needed in a response to an individual prompt, go to "Choose Files," select multiple les at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on coporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload Copy of Corporate Documents Here File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept Here (No response submitted) Upload Palm Beach County Business Tax Reciept Here (No response submitted) Upload Credit Check Authorization Form Here File uploaded Upload Business w9 here: File uploaded Upload the Grant Intake Form here: File uploaded Upload Notarized "Anti-Human Tra cking A davit" here: File uploaded Upload Signed "Program Rules & Regulations" Here File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" noti cations sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Diane Andre 2/13/25, 9:34 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505465&index=6&total=21 3/4271 Prices How would you like to pay your application fee? Mail a check to the BBCRA O ce Application Fee Quantity - 1 | Total - $100.00 2/13/25, 9:34 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505465&index=6&total=21 4/4272 1/23/24, 9:36 AM PAPA Maps https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434528480060000 1/1 View Property Record Owners WELLS LANDING APARTMENTS LLC Property Detail Location 137 E MARTIN LUTHER KING JR BLVD Municipality BOYNTON BEACH Parcel No.08434521240000010 Subdivision MEEKS ADD TO BOYNTON IN Book 31005 Page 1515 Sale Date NOV-2019 Mailing Address 7735 NW 146TH ST STE 306 HIALEAH FL 33016 1583 Use Type 1000 - VACANT COMMERCIAL Total Square Feet 0 Sales Information Sales Date Price NOV-2019 10 DEC-2009 105455 MAY-2004 10 APR-2004 0 FEB-1983 100 Appraisals Tax Year 2023 Improvement Value $18,786 Land Value $609,989 Total Market Value $628,775 All values are as of January 1st each year Assessed/Taxable values Tax Year 2023 Assessed Value $467,182 Exemption Amount $0 Taxable Value $467,182 Taxes Tax Year 2023 Ad Valorem $10,505 Non Ad Valorem $0 Total tax $10,505 Search by Owner, Address or Parcel 273 274 275 276 277 278 279 280 281 282 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.F SUBJECT: Approval of the Commercial Property Improvement Grant Program in the Amount of $28,125 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103 SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial build-out costs associated with the construction, repair, and/or rehabilitation of commercial building improvement. The Commercial Property Improvement Grant Programs provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. The Program also provides funding assistance related to the design fees for architectural, electrical, civil, mechanical, and/or plumbing improvements for eligible property improvements. Applicants are eligible to receive 50% of the applicant's project budget up to a maximum amount of $10,000 for design fees. CRA staff has received a complete grant application from JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103, Boynton Beach, FL 33435 (see Attachments I-II). JB Dental Care is committed to improving access to essential dental care for underserved communities. Their mission is to provide high-quality, affordable dental services focused on preventative care and hygiene education. They aim to reduce oral health disparities by offering accessible treatments and promoting lifelong oral health through prevention and education. By ensuring that all individuals, regardless of their financial background, have access to the care they need, JB Dental Care seeks to enhance the overall health and well-being of the community. As a medical office, the applicant falls under the terms of a Tier II business as outlined in the grant application. The applicant is seeking reimbursement for an interior build-out. The total cost of eligible property improvements is approximately $141,021.42 (see Attachment III). The associated design fees for the improvements total $6,250 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $25,000 in reimbursable funding for the property improvements and $3,125 in design fees provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted 283 •Attachment I - Commercial Property Improvement Grant Application •Attachment II - Location Map •Attachment III - Project Quote •Attachment IV - Design Fees to CRA staff for approval. FISCAL IMPACT: FY 2024-2025 Budget Project Fund, Line Item 02-58400-444, $25,000 for Property Improvements; $3,125 for Design CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of a Commercial Property Improvement Grant Program in the Amount of $28,125 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103 , Boynton Beach, FL 33435. ATTACHMENTS: Description 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 Business Information Additional Information Application Commercial Property Improvement Grant Application Status Awaiting Decision Business Name JB DENTAL CARE LLC Contact Legal Name Mike Vilaire Jean-Baptiste Email mikevjb@gmail.com Address 955 Sansburys Way, West Palm Beach, Florida 33411, United States Phone 917-613-0987 Website http://n/a Special Requests Submitted Time Feb 09, 2025 12:37 pm Tags Boynton Beach Business Address: 137 NE 10th Avenue, Unit 103 Provide a list of all principal owners listed on the corporate documents Mike Jean-Baptiste mikevjb@gmail.com (917) 613-0987 Business Mission Statement JB DENTAL CARE LLC is committed to improving access to essential dental care for underserved communities. Our mission is to provide high-quality, affordable dental services focused on preventive care and hygiene education. We aim to reduce oral health disparities by offering accessible treatments and promoting lifelong oral health through prevention and 2/12/25, 12:34 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505437&index=1&total=21 1/5301 education. By ensuring that all individuals, regardless of their financial background, have access to the care they need, we seek to enhance the overall health and well-being of our community. Are you an existing business in Boynton Beach? No Numbers of years in existence <1 Are you a new business in Boynton Beach? Yes Description of your business JB Dental Care is a family owned, patient-centered dental practice focused on providing high- quality, affordable dental care to individuals and families within our community. We specialize in preventive care, dental hygiene, and a wide range of essential dental services, including routine exams, cleanings, fillings, and education on oral health. Our goal is to make dental care accessible to everyone, particularly those in underserved communities, by offering flexible payment options and working with various insurance plans. We are committed to creating a welcoming and inclusive environment where patients feel comfortable, informed, and empowered to take control of their oral health. Through ongoing education and preventive treatments, we aim to improve the long-term health and well-being of our patients, while fostering trust and building lasting relationships within the community. Type of Business Tier II Base Rent (include CAM if applicable) 1,884.57 Square Footage of Current Location (No response submitted) Square Footage of New Location 979 sq. ft. Number of Employees & Job Descriptions Total Number of Jobs to Be Created: 6 • 2 Dentists • 1 Dental Hygienist • 1 Dental Assistant • 1 Front Desk Receptionist • 1 Office Manager ____________________________________________________________________________________ 1. Dentists (2 positions) o Job Description: Responsible for diagnosing and treating dental conditions, performing procedures such as cleanings, fillings, extractions, and other dental treatments. o Pay Range: $100,000 - $150,000 per year (depending on experience and location) o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 2. Dental Hygienist (1 position) o Job Description: Performs cleanings, preventive care, and patient education on oral hygiene. o Pay Range: $25 - $40 per hour (depending on experience) o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 3. Dental Assistant (1 position) o Job Description: Assists dentists during procedures, prepares patients, sterilizes instruments, manages patient flow. o Pay Range: $18 - $25 per hour o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 4. Front Desk Receptionist (1 position) o Job Description: Manages patient appointments, verifies insurance, checks patients in and out, handles patient inquiries, manages 2/12/25, 12:34 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505437&index=1&total=21 2/5302 office schedules. o Pay Range: $16 - $22 per hour o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 5. Office Manager (1 position) o Job Description: Oversees daily office operations, manages finances, ensures smooth workflow, handles patient concerns, manages staff schedules. o Pay Range: $40,000 - $55,000 per year o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week Hours of Operation Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Rent Reimbursement Grant Program Are you applying for grant assistance under any other governmental agencies? N/A Landlord Contact Information Wells Landing Apartments d/b/a The Heart of Boynton Shops In the following sections, please upload the requested documents. If more than one file is needed in a response to an individual prompt, go to "Choose Files," select multiple files at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on corporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload a copy of the corporate documents here: File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept here: (No response submitted) Upload Palm Beach County Business Tax Reciept here: (No response submitted) Upload Credit Check Authorization Form here: File uploaded Upload Business w9 here: File uploaded Upload Grant Intake Form here: File uploaded Upload Signed "Program Rules and Regulations" here: File uploaded List of improvements seeking reimbursement for: 2/12/25, 12:34 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505437&index=1&total=21 3/5303 Prices Buildout, partitioning, flooring, and ceiling systems to create functional work areas, along with architectural updates, including but not limited to interior design enhancements, and accessibility upgrades. Mechanical improvements, including but not limited to, HVAC, fire suppression, and plumbing (water supply, drainage, and fixture installations). Electrical improvements, including but not limited to, wiring, energy-efficient lighting, and security systems, as well as backup power solutions. Requested grant amount for design fees: $3125.00 Requested grant amount for eligible property improvments: 50% match based on Tier II Upload cost estimates from a licensed contractor(s) here: File uploaded If design funding is requested, upload the cost estimate(s) from a qualified licensed design professional here: File uploaded Upload a copy of design and construction plans associated with the proposed improvements here: File uploaded Upload a copy of the building permit application here: (No response submitted) Upload the "City Acknowledgement" Forms here: File uploaded Upload Notarized "Anti-Human Trafficking Affidavit" here: File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" notifications sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Mike Jean-Baptiste How would you like to pay your application fee? Pay with credit card Application Fee Quantity - 1 | Total - $100.00 2/12/25, 12:34 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505437&index=1&total=21 4/5304 Pictures 2/12/25, 12:34 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505437&index=1&total=21 5/5305 1/23/24, 9:36 AM PAPA Maps https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434528480060000 1/1 View Property Record Owners WELLS LANDING APARTMENTS LLC Property Detail Location 137 E MARTIN LUTHER KING JR BLVD Municipality BOYNTON BEACH Parcel No.08434521240000010 Subdivision MEEKS ADD TO BOYNTON IN Book 31005 Page 1515 Sale Date NOV-2019 Mailing Address 7735 NW 146TH ST STE 306 HIALEAH FL 33016 1583 Use Type 1000 - VACANT COMMERCIAL Total Square Feet 0 Sales Information Sales Date Price NOV-2019 10 DEC-2009 105455 MAY-2004 10 APR-2004 0 FEB-1983 100 Appraisals Tax Year 2023 Improvement Value $18,786 Land Value $609,989 Total Market Value $628,775 All values are as of January 1st each year Assessed/Taxable values Tax Year 2023 Assessed Value $467,182 Exemption Amount $0 Taxable Value $467,182 Taxes Tax Year 2023 Ad Valorem $10,505 Non Ad Valorem $0 Total tax $10,505 Search by Owner, Address or Parcel 306 RS Construction of Dade, Inc.2/11/2025 CGC 040308 7735 NW 146th Street, Suite 306 Miami Lakes, FL 33016 305-821-0330 Proposal For: WORK TO UNIT 103 JB DENTAL CARE 137 N.E. 10TH AVE - Unit 103 Boynton Beach , Florida 33125 Scope of Work All Labor & Materials for the Interior Built - Out for Unit #103 according to plans by Architek Design Studio per permit set Schedule of Value Drywall & Drywall Finish $ 14,500.00 ACOUSTICAL TILE $ 2,475.00 Insulation $ 2,435.00 Doors & Hardware $ 7,800.00 Cabinets & Quartz Tops - Allowance $ 6,483.00 Painting $ 2,650.00 Flooring Tile - using tile per our bid $ 10,080.00 HVAC - Mechanical & Ventilation - $ 21,350.00 Plumbing & Plumbing Fixtures $ 20,506.00 Fire Sprinklers $ 3,224.00 Electrical $ 24,750.00 Light Fixtures $ 3,350.00 Fire Alarm $ 2,625.00 Specilaties - Handicap Requirements In Bathrooms $ 725.00 Rough & Final Cleaning $ 750.00 SubTotal $ 123,703.00 GC FEE - 14 % $ 17,318.42 TOTAL CONSTRUCTION COST $ 141,021.42 This proposal includes all fees, materials, labor, over head & profit until we received the final permit set for final pricing. Permit feee not Included Not Included In Bid : NO Gas , No Low Voltage ,No Audio & Communication System Preliminary Proposal 307 - An Agreem ent for Professional Services - Construction Documents- Date: Client: Project #: Project Name / Address: o5.2O.2O24 Dr. Mike Jean Baptiste 25.o56 Dr. Mike Jean Baptiste The Heart of Boynton I r37 NE loth Avenue, Unit to3 | Boynton Beach, FL 3J435 PRo.lEcr Scope Dr. Mike, we are pleased to present this proposal to you for Tenant lmprovements for your ne\,v Dental Practice Offices at The Heart of Boynton Beach, Unit ro3 of +f-t,ooo sq. ft. to produce Construction Documents for permitting and construction. Layout will be based off the sketch provided by the equipment vendor and be modified as required to meet all applicable codes. THe Folr-owrNc wrLL BE INcLUDED lN THts Pnoposnl: EI The Surveying and Documenting of existing conditions for a real-time AutoCAD Record Drawing to begin space planning phase. @ Space planning up to 5 different designs using online zoom collaboration if needed for client input and floor plan reviev,., and approval. @ Provide a digital copy of the Architectural floor plan, the lighting la;16r.r1, po\,ver and data plan layout for client's reviel and approval to finalize the Architectural and fu1EP permit plans. Eq Signed and Sealed Architectural, Mechanical, Electrical and Plumbing Engineering plans, including energy calculations as required by code. @ Fire Protection: Fire Sprinkler and Fire Alarm drawings, if required, are to be provided by contractor and or others. Architek Design Studio will aid by providing required AutoCAD bacl<grounds for engineer's use. AncHrre cruRAL PHRsrs lmcluoro: @ Surveying and Documentation Phase @ Schematic Design Phase @ Construction Document (Permit Drarving) Phase @ Permittirrg i Bidding Phase @ Construction Phase Nor INcLUDED As PART oF THE FEE: @ No lnterior design of furnishing or finishes Specifications. Areas will be annotated with finish materials, Final Finish Specifications to be coordinated by client and Contractor. Architek Design Studio can produce finislred plans if Corporate Standards are pi'ovided in a timely manner at no additional cost, if we need to select finishes, lve can prorride a proposal for interior design services. @ No Color or 3D renderings (additional cost at ownericlient 's request) @ No Exterior renovation or civil engineering or landscape plans are included. PLRNS: We will provide digitally signed & sealed plans for submission to the city as required for permitting, hard copies upon request. Pernritting submission of plans with the local iurisdiction is not included and will be handled by the client. We wiil respond to any Contractor or Building Department comments in a timely manner to keep the permit process going. Tornl Fee: Our Fee for the Services sh.rll be a total of 56,250.O0, including basic reimbursable expenses. An lnitial Payment in the amount of $t,875.OO will be billed Lrpon acceptance of this agreement to initiate services. An invoice will be sent upon completion or monthly basecl on the progress of the project and will be due within t4 days. ARcHtTEK DEst6N SruDto, LLC. lr72 CATANTA Wrv lRovnL PALM BEACH, FLoRTDA ll4ll lO:561.798.98o9 M 551.917.1128 308 AssunnpnoNs: Some assumptions made in the preparation of this proposal are as follows Ceneral Contractor irill be experienced irr construction specified, skilled and knorvledgeable in hislhertrade properly licensed and insured. Established standard specifications will be utilized. Alloui approximately :-3 vveeks for drarving completion. Standard Structural, Mechanical, Electrical and Plumbing Engineering for the renovation is included. Cas service design is not inciuded. Changes to plans after approvals are additional serrrices at standard hourly rates. Correction of existing code violations is not included in this proposal. Site Plan approval i city meetings regarcJing tlre use of tlre space is not included, it's assumed that the space is approved for tlre use nrithout any 76nin* submissions or other city nreetings or submissions. Civil Engineering, Landscape Design or irrigation plans are not included. lnterior desiqn of furnishing orfinishes are not included. (Additional cost at ovvnerfclient's request) Color or 3D renderings are not included. (Additional cost at ownericlient's request) Mechanical Energy Calculations and energy usage forms are included if needed. ). t. 4. 5. 6. 7. fl. 9. 10, 11. 1). Sincerety, Steven Vitek, Principal. Architek Design Studio, LLC. %1 %v AC€EPTANCE: terms and conditions are accepted. l\/V&q-n- Printed: Mark Borg, Architect Architek Design Studio, LLC. f 'zz Date: DrrnrLED DEscRrprroN oF PHASED WoRK TNCLUDED: SURVEYING AN D DOCUMENTATION PHASE: The Architect will measure the existing building. The entire leased area will be measured to create record drawings prior to the start of the schematic design phase. These will include interior floor plans only, documenting existing HVAC, Plumbing, Electrical outlet locations and lighting in leased areas only. We will photograph and document the existing space. We will measure and document to the best of our abilities. As with most renovation and remodels there are always unforeseen site issues that are not fully known until the walls and items are demolished. SCHEMATIC DESIGN PHASE: Architect will produce up to 5 schematic designs based on conversations and or online collaboration meetings with the owner/client or representative, which will include plans for all areas within the scope of work described above. Once the floor plan is approved, we will begin the lighting, power, and data layouts for review through the space process described above. The drawings will be issued in a digital format for the Ownericlient's review and approval. Upon the written approval of the design by all above parties, we will begin the construction document phase. coNSTRUCTTON DOCUMENT (PERMTT DRAWTNGS) PHASE Upon the approval of the design by the Owner/client, Architek Design Studio and our consultants and structural engineer (if included), will prepare construction drawings within to business days that will allow the design to be bid for construction, and subsequently built. PERMITTING / BIDDING PHASE We will provide the Owner/client with all digitally signed and sealed documents needed to submit the plans through the Authority having Jurisdiction's Digital permitting process. We will review and provide corrections to any comments within the scope of our work. All agency fees involved will be the responsibility of the Owner/client. CONSTRUCTION PHASE We will provide the Owner/client and General contractor digital copies of all plans and will respond to any questions or comments within the scope of our work in a timely manner, we prefer written Requests for lnformation in an email format to have a record copy of any question and be able to respond to all parties that may be affected by the response. All questions should be addressed to Architek Design Studio representative in charge. ARcHr-rEK DESTcN SruDro, LLC. I r7z CATANTA Wnv I Rover- PALM BEACH, FLoRTDA l34il I O:56r.798.98o9 M 55r.917.1r28 309 tr tr tr E! E Eil Orne R Coruornorus: The Architect shall have access to the site and building at all reasonable hours and shall be permitted to photograph the proiect during construction and upon completion for his records and future use. Unless otherwise provided in this agreement, the Architects and the Architects' consultants shall have no responsibility for the discovery, presence, handling' removal, or dispoial of or exposure-of persons to hazardous materials in any form at the proiect site or other toxic substances. All hazardous/toxic substances will be removed from the pi"oject site or otherwise remedied according to applicable Laws and regulations by the Owner prior to commencement of this proiect's construction. bn iare occasions, unforeseen conditions may arise during the project, which may not be discovered during the initial survey and verification phase by the Architek Design Studio's team. However, if th6se conditions necdssitate extensive design services beyond what is initially contemplated, the Design Team will request additional services from the Owner and receive approval in writing prior to commencement of these services. Aciuisition of existing facility or site information, surveys, geotechnical reports, traffic studies, environmental analysis, private development or improvement standards, deeds, or lease restrictions, etc., are not included. Specialty Engineering such as piling designs, materials testing and analysis, acoustic studies, etc. are not included. Siecialty Co-ritractoi!hop drawing-prepJration such as struciural trusses, tilt wall panels, pre-cast concrete, fire alarm, fire sprinkler, security systems, phone systems, millwork cabinetry, storage systems or glazing systems are not included. No artwork design, interior finish specifications, appliance, equipment, or f urniture design is included. Excessive changes or value engineering. Permit expediting services or Permit submission to the authority having iurisdiction is included. Permit lnspections are not included. Payments not received within 3o days will be subiect to u % per month, reservation of lien rights and may lead to pause in project progress. tr wtr E E[ CLIENT OBLIGATIONS, REPRESENTATIONS, AND WARRANTIES. ln furtherance of the execution of this Agreement, the Client promises to satisfy the following obligations: A. Client shall provide Architect true & aicurate copies of all piototypical standird specifications for Architect to utilize in performing the Service set forth herein. B. Client understands and agrees not to delay the Architect's performance of the Services set forth herein, including but not limited to Client failing to timely approve, or request revisions to, any plans, drawings, or blueprints, nor will Client make unreasonable, unwarranted,,or duplicito_us.requests to review or afirove blueprints, plans, drawings, or otherwise iny preparations prepared by Architect in furtherance of the performa_nce of.the Services under this ngreement. tb avoid delay, Client;hall submit written aiprbval and atceirtance io Architect of the Services performed within five (5) days from Architect's date of request of such approval. C. Client warrants that the Prbject Site is pre-approved, if required by the city, county, or any other government agency or authority, for the use and performance of Architect's Services. Client understinds Jnd agrees that Architect shall not be responsible to, and will not, conduct any planning or zoning submissions or other city meetings or submissions. D. Client understandi and agrees that Client, landlord, or otherwise the owner of the Proiect Site shall provide Architect unlimited access to the Proiect Site, including but not limited io any leased spaces, roofs, and electrical rooms, whether or not attached to the.Proiect Site. The Architect shall have access to the erofect Site and building at al[ reasona6le hours and shalt be permitted to photograph the Project Site during all phases, including but not limited to pre- construction, during construction, and upon completion for Architect's records and future use. TERM AND TERMINAT]ON. A. Term. This Agreement shall become effective on the next business day following the latest dated signature herein once this Agreement is fully executed by the Parties. B. Termination of the Agreement. Either party may terminate this Agreement, with or without cause, upon written notice to the other party. Termination shall be effective immediately upon receipt of such termination notice. C. Compensation Owed to Architeci Upon Termination. ln the event of termination of this Agreement, Architect shall be entitled to compensation as follows: i. All payments due and owing uniler this Agreement at the time of receipt of termination notice for all work performed through the date of termination; and ii. Reih6ursement for any non-cancellable lervices and/or commitments entered by Architect, in connection with the Services being terminated, for which Architect has not otherwise been compensated, in accordance with the terms of this Agreement. D.Termination for Cause by Architect. Inihe event of termination of this Agreement by Architect for cause, which includes Client's non-payment' such non- payment shall be treated as a material breach of this Agreement. Architect ihall be entitled to compensation as prescribed above, including but not limited to lnterest accrued, as described above. MISCELLANEOUS. A. No Employment Relationship. The relationship between the Parties is that of independent contractors. Nothing contained in this Agreemen_t shall be construed as credtin! any agency, partnership, joint venture or other form of joint enterprise, employment, or fiduciary relationship between the Parties, and neither Party shall have authority to contract for or bind the other Party in any manner whatsoever. B. Notice(s). All notices, re(uests, consents and other communicjtions hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hani (with written confirmation of receipt); (b) when received by the addressee if sent by a nalionally recognized overnight courier (receipt requested); (c) oir the dite sent by e-mail if sent during normil 6uliness hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third-day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to ther6spectivePartieiattheaddressesbeloworatsuchotheriddressforaPartyasshail bespecifiedinanoticegiveninaccordancewiththisSection (B). lf to: lf to: Architek Design Studio, LLC Attn: Steve Vitek 172 Catania Way Royal Palm Beach, Florida 334tt Dr. Mike Jean Baptiste Copies to: steve@architekdesignstudio.com; mark@architekdesignstudio.com; and to Counsel for Mark Borg: ADecker@FloridaEntrepreneurLaw.com c/o Diane Andre <diane.andre.esq@gmail.com> C. Entire Agreement. This Agreement constitutes the sole and entire agreement of the Parties to this Agreement with respect to the subiect matter contained herein and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respectto such subiect matter. D. Assignment. i,,leither Party may assign, transfer or delegate any or all of its;ights or obligations under this Agreement without prior written approval of the othe-r Party. This Agreement isior th-e sole benefit of the Parties hereto and their respecdve successors and nothing herein, express -or implied' is intended to or shall confer upo-n any other person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement. E. Headings.TheheadingsinthisAgreementareforreferenceonlyandshallnotaffecttheinterpretationofthisAgreement. F. Modific-'ation & Waivdi. This Agriement may only be amended, modified, or supplemented by an agreement in writing signed by each Party hereto. No waiver by any Party of any of the prov"isions hereof shali be effective unless explicitly set forth in writing and signed by the Party so waiving. Except as otherwise set f6rtn in tfrii ngreement, nb failure to exercise, or delay in exercising, any rights, remedy, power, or privilege. arising from this Agreement shall oPerate orbe construed as a-waiver thereof; nor shall any single or pirtial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. C. lndemnification. Client shall indemnify, defend, and hold Architect, and its representatives shareholders, officers, directors, employees, contractors representatives, agents, servants, successors and assigns, harmless from and against any and all los_ses, costs, expenses, liabilities, damages, iniuries, outside atiorneys'fees, co-urt costs and other amounts arising out of or resulting from (i) Client's breach of this Agreement; (iii) the failure of any representation or ARcHTTEK DEsrcN STUDro, LLC. I 172 CAIANIA WAY I Ro'/AL PAL,v1 BEAcH, FLoR,DA Jl4lt I O:56r.798.9809 M 561.917.1128 310 warranty of Client contained in this Agreement to be accurate; (iv) any misrepresentation of any kind related to the Proiect Site and its development; and (v) any natural disasters or other unforeseen events effecting the condition of the Proiect Site at any time before, during, or after the scope of this Agreement. lf Architect sustains any injury, loss, or damage as a result of such a claim, or in defense against any such claim brought by Client, the amount thereof, including costs, expenses, and reasonable attorneys' fees, together with interest thereon as provided by law, shall be paid by Client or shall be reimbursed by Client to the Architect. The Architect shall hold harmless and indemnify the Client against inlury, loss or damage arising as the direct result of the sole negligence, malfeasance, and breach of the Architect in performing under this Agreement. The Architect's liability under this contract is limited to the base fee herein. H. LTMTTATION OF LrABrLrrY. NOTWTTHSTANDING ANYTHTN6 ELSE tN TH|S ACREEMENT OR ELSEWHERE TO THE CONTRARY, EXCEPT FOR (A) THE pARTtES' BREACH OF ITS OBLIGATIONS HEREUNDER, (B) ANY BREACHES OF CONFTDENTTAL|TY, OR (C) ANY CROSS NECLT6ENCE OR WILLFUL MISCONDUCT, tN NO EVENT SHALL ARCHTTECT'S A6GRECATE LTABTLTTY TO CLTENT rN CONNECTTON W|TH, ARtStNC OUT OF, OR RELATED TO THtS AGREEMENT EXCEED THE TOTAL AMOUNTS OF A6REED UPON COMPENSATION FOR SERVICES PAID FOR AT THE TIME OF ANY SUCH CLAIM. CLIENT ALSO UNDERSTANDS AND ACREES THAT IT SHALL BE LIABLE TO ARCHITECT FOR NE6LICENCE OR RECKLESSNESS OF MISAPPROPRIATION OR DISCLOSURE OF CONFIDENTIAL INFORMATION, AS PRESCRTBED rN SECTTON (O) HERETN. not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is in valid, illegal, or unenforceable, the Parties hereto shall negotiate in good faith to modify this Agreement so as to affect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. J. Choiceof Law&Venue.ThisAgreementshall begovernedbyandconstruedinaccordancewiththeinternal lawsoftheStateof Florida.Anylegal suit,action or proceeding arising out of or related to this Agreement or the Services provided hereunder shall be instituted exclusively in the courts of the State of Florida located in Palm Beach County and each Party irrevocably submits to the exclusive jurisdictions of such court in any such suit, action or proceeding. Service of process, summons, notice or other document by mail to such Party' s address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. K. Dispute Resolution; Arbitration. ln the event of a dispute brought by either party, the parties shall attend a legally binding arbitration to be held in Palm Beach different'rnethods-of clispute). The parties shall agree upon an arbitrator. lf the parties do not agree on an arbitrator, each party shall select an arbitrator and the two selected arbitrators shall select a third neutral arbitrator to preside over the arbitration. The parties shall split that arbitration fees equally. The prevailing party to the arbitration shall be entitled to recover reasonable attorneys'fees. The arbitration shall be legally binding and sublect to and held in accordance with the American Arbitration Association (AAA). L. Jury Waiver & Prevailing Party Fees. Each Party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby. lf any action, suit, or other legal or administrative proceeding is instituted or commenced by either Party hereto against the other Party arising out of or related to this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys' fees and court costs from the non-prevailing Party, including fees & cost for prelitigation, litigation, appellate & post-iudgment collection. M. Exclusivity. During the duration of this Agreement, Client shall not solicit, employ, hire, or contract with any other architectural company for services similar to or the same as the Services provided by Architect under this Agreement without the prior written consent of the Architect. N. Counterpart & e-Signature(s). This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by e-mail shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. O. Non-Disclosure. During the Term of this Agreement and thereafter, Client agrees to keep in the strictest confidence, to refrain from disclosing or divulging to any person, firm, or corporation, and to refrain from using directly or indirectly, for his/her benefit or the benefit of others, any information which is or ought to be treated as Confidential lnformation. Client agrees that it will not at any time, whether during or after its engagement with Architect, disclose to any person or entity any Confidential lnformation, or permit any person or entity to examine or make copies of any documents which contain or are derived from Confidential lnformation, whether prepared by Client or otherwise coming into Client's possession or control, without the prior written permission of Architect. Client may disclose Confidential lnformation once it becomes part of the public domain or is published to the general public by Architect. The restrictions set forth in this Section may be assigned without the knowledge or consent of Client, and they may be enforced by any assignee of, or successor to, the rights set forth in this Agreement. Any violation of this provision by Client shall be treated as a material breach of this Agreement and a violation of Florida's Uniform Trade Secrets Act. Client understands and acknowledges that Client's violation of non-disclosure and confidentiality provisions of this Agreement shall cause monetary damages to Architect which may not be easy to quantify and will cause Architect to lose profits. As such, should Client breach this Agreement, Architect may pursue all legal remedies along with injunctive relief, lost profits, incidental damages, consequential damages, and attorney's fees and costs incurred in pursuing such relief against Client. Client understands and agrees that no third party shall use or rely upon this Agreement, or associated drawings, plans, blueprints, and/or specifications, without the written consent of Architect. P. Non-Disparagement. The Parties agree that they will not communicate to any person or persons any information or opinion which could be construed as a negative comment about the other or about any of Architect's owners, officers, directors, managers, employees, contractors, agents, or representatives, or which may have the effect of placing Architect in a negative or unflattering light. A breach of this non-disparagement provision will be deemed a material breach of this Agreement entitling Architect to all remedies available at law and in equity as against Client, including, but not limited to an injunction and damages. AncHtre r DEstctrt Stuoro, wrLL Nor pERFoRM AootrroruAL SERVtcE wlrHour AurHoRlzATtoN: ADDITIONAL SERVICES TO BE CONSIDERED OUTSIDE OF THE ARCHITECTURAL 5ERVICEs. The hourly rate for any of these services is $75,oo or to be negotiated in a new contract. We would like to note the following specific items, which are not considered to fall under the scope of basic Architectural Service and proposed fees: REIMBURSABLE ARCHITECTURAL COSTSo ln addition to the fees quoted above, normal, and customary reimbursable expenses will be billed to the Owner at the actual cost x 1.15 (+i5%). Reimbursable expenses include, but are not limited to, all blueprinting and reproduction, photographs, express mail, messenger service, model and drawing supplies. This applies to all actual third-party reasonable and customary expenses. All in-house plotting will be billed at eight dollars per z4 x J6 sheet. The owners will have an account directly with the blueprinting company so all printing needed for this lob will be billed and paid by the owner directly, which will save you money and the cost of administration fees.r Civil, irrigation and Landscape design services and drawings.. Any service relating to budgeting and cost estimating. While we always attempt to design within your budget, we are not contractors or cost estimators. For definitive budget and pricing, the services of a qualified contractor, cost estimator or construction manager should be retained early in the schematic design phase. . Any revisions during the Contract Document or Administration phase in the drawings or specifications inconsistent with the approval of instructions previously given by the Owner, including revisions due to changes in the Owner's program, scope of work, level of construction and finish quality, or due to the Ownerrs budgetary concerns, will be performed only upon the Owner's written request and will be billed hourly per the attached fee schedule. . Any sub-grade or underground conditions involving toxic waste or any chemical conditions. . Obtaining a survey updated within 6o days of permit issue date, and associated cost; obtaining soil boring, soil testing and reports and associated costs; and any testing as may be required by any governmental agency having iurisdiction.. Coordination and/or review of outside consultant's work not included in the Scope of Services. AF,cBrrEK DEsTGN SruDro, LLC. I r72 CAIANTA Wnv I Rover PAL,r'1 BEAcH, FLoiilDA 314il | O: i61.798.98o9 M 56r.917.1r28 311 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.G SUBJECT: Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $11,307.48 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103 SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103, Boynton Beach, FL 33435 (see Attachments I-II). JB Dental Care is committed to improving access to essential dental care for underserved communities. Their mission is to provide high-quality, affordable dental services focused on preventative care and hygiene education. They aim to reduce oral health disparities by offering accessible treatments and promoting lifelong oral health through prevention and education. By ensuring that all individuals, regardless of their financial background, have access to the care they need, JB Dental Care seeks to enhance the overall health and well-being of the community. As a medical office, JB Dental Care will employ approximately six part-time and full-time positions for dentists, hygienists, office manager and dental assistants. Under the terms of their proposed Landlord-Tenant Lease Agreement, the base rent to be paid by the applicant is $1,884.57 per month (see Attachment III). JB Dental Care LLC qualifies as a Tier II business (as specified in the grant application) and would receive reimbursement for one-half of their monthly rent amount or maximum grant amount of $1,750 per month for a 12- month period, whichever is less. If approved, JB Dental Care LLC would be reimbursed in the amount of $942.29/month for a period of 12 months or a total grant amount of $11,307.48 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58400-444, $11,307.48 312 •Attachment I - Commercial Rent Reimbursement Grant Application •Attachment II - Location Map •Attachment III - Lease CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $11,307.48 to JB Dental Care LLC located in Heart of Boynton Shops at 137 NE 10th Avenue, Unit 103, Boynton Beach, FL 33435. ATTACHMENTS: Description 313 314 315 316 317 318 319 320 321 322 323 324 325 Business Information Additional Information Application Commercial Rent Reimbursement Grant Program Status Awaiting Decision Business Name JB DENTAL CARE LLC Contact Legal Name Mike Vilaire Jean-Baptiste Email mikevjb@gmail.com Address 955 Sansburys Way, West Palm Beach, Florida 33411, United States Phone 917-613-0987 Website http://n/a Special Requests Submitted Time Feb 09, 2025 12:48 pm Tags Boynton Beach Business Address: 137 NE 10th Avenue, Unit 103 Provide a list of all principal owners listed on corporate documents Mike Jean-Baptiste (917) 613-0987 mikevjb@gmail.com Business Mission Statement JB DENTAL CARE LLC is committed to improving access to essential dental care for underserved communities. Our mission is to provide high-quality, affordable dental services focused on preventive care and hygiene education. We aim to reduce oral health disparities by offering accessible treatments and promoting lifelong oral health through prevention and education. By ensuring that all individuals, regardless of their nancial background, have access to the care they need, we seek to enhance the overall health and well-being of our community. 2/12/25, 2:09 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505444&index=5&total=21 1/4326 Are you an existing business in Boynton Beach? No Numbers of years in existence <1 Are you a new business in Boytnon Beach? Yes Description of your business JB Dental Care is a family owned and operated patient-centered dental practice focused on providing high-quality, affordable dental care to individuals and families within our community. We specialize in preventive care, dental hygiene, and a wide range of essential dental services, including routine exams, cleanings, llings, and education on oral health. Our goal is to make dental care accessible to everyone, particularly those in underserved communities, by offering exible payment options and working with various insurance plans. We are committed to creating a welcoming and inclusive environment where patients feel comfortable, informed, and empowered to take control of their oral health. Through ongoing education and preventive treatments, we aim to improve the long-term health and well-being of our patients, while fostering trust and building lasting relationships within the community. Type of Business Tier II Base Rent (plus CAM if applicable) $1,884.57 Square Footage of Current Location (No response submitted) Square Footage of New Location 979 Number of Employees & Job Descriptions Total Number of Jobs to Be Created: 6 • 2 Dentists • 1 Dental Hygienist • 1 Dental Assistant • 1 Front Desk Receptionist • 1 O ce Manager ________________________________________________________________________________________________ Hours of Operation 1. Dentists (2 positions) o Job Description: Responsible for diagnosing and treating dental conditions, performing procedures such as cleanings, llings, extractions, and other dental treatments. o Pay Range: $100,000 - $150,000 per year (depending on experience and location) o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 2. Dental Hygienist (1 position) o Job Description: Performs cleanings, preventive care, and patient education on oral hygiene. o Pay Range: $25 - $40 per hour (depending on experience) o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 3. Dental Assistant (1 position) o Job Description: Assists dentists during procedures, prepares patients, sterilizes instruments, manages patient ow. o Pay Range: $18 - $25 per hour o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 4. Front Desk Receptionist (1 position) o Job Description: Manages patient appointments, veri es insurance, checks patients in and out, handles patient inquiries, manages o ce schedules. o Pay Range: $16 - $22 per hour o Weekly Schedule: Monday: 9:00 AM – 7:00 PM 2/12/25, 2:09 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505444&index=5&total=21 2/4327 (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week 5. O ce Manager (1 position) o Job Description: Oversees daily o ce operations, manages nances, ensures smooth work ow, handles patient concerns, manages staff schedules. o Pay Range: $40,000 - $55,000 per year o Weekly Schedule: Monday: 9:00 AM – 7:00 PM (extended hours) Tuesday – Friday: 9:00 AM – 5:00 PM Total: 40 hours/week Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Property Improvement Grant Program Are you applying for grant assistance under any other governmental agencies? N/A Landlord Contact Information Wells Landing Apartments LLC d/b/a The Heart of Boynton Shops In the following sections, please upload the requested documents. If more than one le is needed in a response to an individual prompt, go to "Choose Files," select multiple les at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on coporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload Copy of Corporate Documents Here File uploaded Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept Here (No response submitted) Upload Palm Beach County Business Tax Reciept Here (No response submitted) Upload Credit Check Authorization Form Here File uploaded Upload Business w9 here: File uploaded Upload the Grant Intake Form here: File uploaded Upload Notarized "Anti-Human Tra cking A davit" here: File uploaded Upload Signed "Program Rules & Regulations" Here File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" noti cations sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. Mike Jean-Baptiste 2/12/25, 2:09 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505444&index=5&total=21 3/4328 Prices How would you like to pay your application fee? Drop of a check to the BBCRA O ce Application Fee Quantity - 1 | Total - $100.00 2/12/25, 2:09 PM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=505444&index=5&total=21 4/4329 1/23/24, 9:36 AM PAPA Maps https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434528480060000 1/1 View Property Record Owners WELLS LANDING APARTMENTS LLC Property Detail Location 137 E MARTIN LUTHER KING JR BLVD Municipality BOYNTON BEACH Parcel No.08434521240000010 Subdivision MEEKS ADD TO BOYNTON IN Book 31005 Page 1515 Sale Date NOV-2019 Mailing Address 7735 NW 146TH ST STE 306 HIALEAH FL 33016 1583 Use Type 1000 - VACANT COMMERCIAL Total Square Feet 0 Sales Information Sales Date Price NOV-2019 10 DEC-2009 105455 MAY-2004 10 APR-2004 0 FEB-1983 100 Appraisals Tax Year 2023 Improvement Value $18,786 Land Value $609,989 Total Market Value $628,775 All values are as of January 1st each year Assessed/Taxable values Tax Year 2023 Assessed Value $467,182 Exemption Amount $0 Taxable Value $467,182 Taxes Tax Year 2023 Ad Valorem $10,505 Non Ad Valorem $0 Total tax $10,505 Search by Owner, Address or Parcel 330 BUSINESS LEASE This AGREEMENT of Lease (this "Lease?'), is entered into this Zt day of 2024 betrveen Wells Landing Apartments LLC d/bla TheIleart of Boynton Shops (hereinafter called the "Lessor" or the "Landlord"), and JB Dental Care LLC (hereinafter called the "Lessee" or "Tenant"). MTNESSETH, that the said.Lessor does this day Lease unto said Lessee and said Lessee does hereby hire and take as Tenant approximately: Square feet of Commercial Space: 979 squa-r'e feet Location: I37 NE lOth Avenue Suire 103 Boynton Beach, FL33435 Accepted Use: Used and occupied by the Lessee as a "Dentist office" and for no other purposes or uses whatsoever. Lease Term: Five (5) years subject and conditioned on the provisions of this lease. The Lease should begin July 1,2024 and end June 30, 2A29.Due to the construction ofthe retail space, dates may need to be adjusted. Tenant agrees and understands that the move-in date is only an approximate date. The Premises are available to Tenant as of the date of issuance of tlrc residential TCO Total rent is payable as follows: Total Rent EACH of the five (5) years is: July 1, 2024 - June 30,2079:Annual Base Rent: $21,538.00 Monthly. Base Rent: One Thousand Seven Hundred Ninety-Four dollars and 83 Cents (s1,794.83) Monthly Sales Tax: One Hundred Tn'enty-Five Dollars and .64 Cents ($125.64) Monthly CAM Fee: Eighty-Nine Dollars and 74 cents (S89.74) Monthly Total: Trvo Thousand Ten Dollars and 21 cents ($2,010.21). In no case shall the total rent described above, plus any additional rent described herein, exceed an amount equal to twenty-two dollars ($22.00) per square foot. This restriction shall remain in effect for the first 5 yeais, fotlowing which such amount may be raised by three percent (3o/o) per year or by the annual percentage increase in the Consumer Price Index for All Urban Conzumers published by ttre U. S. Bureau of Labor Statistics, whichever is lolver, for the next five (5) years. Acceptance of Premises: Tenant accepts premises in "As Is" & 'oWllere Is" condition. Tenant shall be responsible for all expenses associated with the direct operation of the Prernises, including but not limited to, electric, water, cleaning, and all utility expenses. Tenant shall be fully responsible for obtaining a Certificate of Occupancy, Certificate of Use, and Business Tax Receipt from City of Boynton Beach and Palm Beach County, as applicable within One lfundred and Twenfy (120) days of issuance of a Temporary Certilicate of Occupancy for the residential portion of the building, Tenant is responsible tbr complying with all applicabl€ laws, codes, rules and regulations, including but not limited to county/statelfederal fire regulations. Tenant's failure to comply with the requirements of this paragraph shall be considered a breach of this Lease. Tenant is also responsible for any fees acquired due to the violations. 10t621870-l 331 Schedule: 1. By no later than June 15, 20242 Tenant shall hire a licensed architect and provide schematic floor plans depicting proposed interior improvements including (as applicable) all parfitions, baths with toilet and sink location, kitchen with plumbing and appliance locations. 2. Within 30 days of receipt of approval by Landlord of schematic floor plan: Provide complete construction plans ready for permitting. 3. Within no more than One Hundred and Trventl (120) days of issuance of a Temporary Certificate of Occupancy for the residential portion of the building: Tenant shalt obtain a Certificate of Occupancy, Certificate of Use; and Business Tax Receipt from City of Boynton Beach and Palm Beach County, as applicable, at wltich time rent shall start to accrue. Construction Assistance: Tenant shall receive financial assistance from the Boynton Beach CRA and/or the Landlord subject to the terms and conditions of separate agreement(s). Rules and Regulations governing the use of the property including common areas: In addition to the terms set forth herein, Tenant understands and agtees to comply with certain rules that will be set forth by Landlord to assure safety, sanitation, code compliance, uniformrf and cooperation including matters such as: Parking, signage, trash removal, storage of personal propertv, loitering Tenant Responsibilities: Tenant shall be responsible for all improvements and alterations to interior. Tenant shall obtain all necessary permits and licenses to conduct work. Tenant aglees to pay for the all of the design and construction of build-out including but not limited to electrical, mechanical, plumbing, structural, building, fire and all other trades as applicable to current building codes. Tenant fu1her agrees to hold Landlord harmless for all build-out improvements including any fees/fines reqr.rired for final approvals. Tenant shatl deposit rvith Landlord a Security Deposit equivalent to Two (2) months rent in the amount set forth belorv (base rent and CAM) upon signing this lease. In addition. Tenant shall pay the first month's r:ent payment of $2r010.21 upon move-in. Rent payments shall commence at the latest within One Hundred and Twenfy (120) days of issuance of a Temporary Certificate of Occupancy for the residential portion of the building, SECURITY. Tenant shall deposit rvith the Landlord the sum of $3,769.15 (concurently with the execution of this Lease), which sum shall be retained by Landlord as secu'ity for the payment by Tenant of the rents herein agreed to be paid by Tenant and for the faithfui perfotmance by Tenant of the terms and covenants of this Lease. It is agreed that Landlord, at Landlord's option, may at any tirne apply said sum or any part thereof toward the payment of the rents and all other sums payable by Tenant under this Lease, and tbwards the performance of each and every of Tenatrt's covenants under this Lease, but such covenarts and Tenant's liability under this Lease shall thereby be discharged only pro tanto; that Tenant shall remain liable fbr any amounts that such sum shall be insufficient to pay; that Landlord may exhaust any or all rights and remedies against Tenant befbre resorting to said sum, but nothing herein contained shall require or be deemed to require Landlord so to do; that, in the event this deposit shall not be rrtilized for any iuch purposes, then such deposit shall be retumed by Landlord to Tenant within ten (10) days next after the expiration of the term of this Lease. Landlord shall not be required to pay Tenant any interest on said security deposit. The Landlord can take from the deposit to pay the violations and the tenant is responsible to reimburse the security deposit within 30 days. Rent shall be due and payable the first of each month. An additional rent late charge of ten (10%) 20r6?1870-l 332 percent shall be assessed for each montb's rent that is five (5) days past due. All payment to be made to the Lessor on the first day of each and every month in advance without demand at the office of the lessor at7735 NW 146 Street Suite #306 Illiami Lakes, FL 330f 6 or at such other place and to such other person, as the Lessor may from tinre to time designate in writing. Ihe following expr€ss stipulations and conditions are rnade a part of this Lease and are hereby agreed to by the Lessee: 1. ASSIGNMENT. Tenant shall not assign, transfer, sublease, mortgage, pledge or othenvise encumber the demised premises or any part thereof without the express, rwitten consent of Landlord first obtained; provided, however, that Landlord's consent Shall not be unreasonably withheld. In the event of any assignment, transfer or sublease by Tenant, Tenant shall remain liable fbr the full performance ofeach and every covenant and condition hereunder- Landlord's approval ofany subtenant or assignee is conditioned upon there being no additional compliance required with all laws, rules and regulalions of any governmental authority required of either the Landlord or the Tenant and such approval shall create no responsibility or liability on the part of the Landlord for any non-compliance with laws, rules and regulations of any govemmental authority^ 2. TFNANT COMPLI-ANCE. Tenant, at Tenant's sole expense, shalt comply rvith all laws, rules, orders, ordinances, directions, regulations and requirements of federal, state county and municipal authorities now in force or which may hereafter be in force, which shall impose any duty upon the Landlord or Tenant with respect to tlre use, occupation or alteration of'the premises, and the Tenant shall use all reasonable efforls to fully comply with the Americans with Disability Act. Tenant agrees to pay tenant's pro-rata share of Landlord's capital expenclitures required under any governmental law, rule or regulation that lvas not applicable to the building at the time it rvas originaliy constructed. Landlord, to its best knowledge, is crurently cornplaint with all goveming codes and regulations. 3. FIRE. tn the event the premises shall be deshoyed or so diinaged or injured by fire or other casualfy during the life of this Lease, w'hereby the same shall be rendered untenantable, then the Lessor shall have the right to render said prernises tenantabl€ by repairs within ninety (90) days therefrom. If said premises are not rendered tenantable r.vithin said time, it shall be optional r.vith either parl-v hereto to cancel this Lease, and in the event ofsuch cancellation the rent shall be paid only to the date ofsuch fire or casualty. The cancellation lrerein mentioned shall be evidenced in writing. Tenant shall rrot be liable for rent during the time the premises are rendered untenantable. 4. PROMPT PAYMENT. The prompt payment of the rent for said premises upon the dates named, and the faithfui obser.rance of the conditions printed upon this Lease are the conditions upon which the Lease is made and accepted and any failure on the part of the Lessee to comply with the terms of said Lease shall, at the option of the Lessor, work a forfeirure of this Lease and all of the rights of the Lessee hereunder; and the Lessor shall have the right to enter said premises and remove all persons therefrom forcibly or othenvise and the Lessee hereby expressly waives any and all notices required by law to terminate its tenaney and also waives any and all legal proceedings to recover possession of said premises or damages. Landlord may exercise this option if rent is fifteen (15) days past due. 5. ABANDONMENT. tn the event the Lessee abandons the premises, the Lessor may, at his option, enter the leased premises, by force or otherwise, *'ithout being liable in any way. For the purpose of this section, both parties agree that the premises shall have been deemed abandoned and vacated if: (1) the rent is delinquent, (2) the Lessee has not entered the premises for five, consecutive working days, excluding rveekends and holidays, and (3) the Lessee has not notified the Lessor, in writing of its intention to be away from the premises for vacation or other purpose. Delinquent shall be defined as ten ( l0) days past due. 6. RIGHT OF ENTRY. The Lessor or any of his agents, shall have the right to enter said premises during all reasonable hours with reasonable notice, to examine the same to make such repairs, additions or alterations as may be deemed necessary for the safefl, comfort or preservation thereof or ,,rr,,:":said building or to exhibit said premiset utor'o put or keep upon the doors or windows thereof a 333 notice 'FOR RElqT" at any time within thirry (30) days before the expiration of this Lease. The right of entry shall like-wise exist for the purpose of removing placards, signs, fixtures, alterations, or additions, which do not conform to this Lease or to the rules and regulations of the building. 7. AI-,TERATIONS. Lessee shall make no structurai changes, alterations or mechanical improvements whatsoever without first having obtained the written consent of the Lessor which shall not be unreasonably withheld. Any structural improvements and additions to the premises which Lessee might make must comply with such municipal building and zoning code as would be applicable and shall be paid for in cash at time of making thereof, so as not to subject the premises to mechanics lien. If l-andlord so elects, Tenant at its cost shall restore the premises to the condition designated by Landlord in its election, before the last day of the term of this Lease or within thirly{30) days alter notice of election is given, whichever is earlier. Landlord's approval of any plans, specifications or rvork drawings shall create no responsibility or liability or: the part of the Landlord fol their completeness, design sufficiency or compliance with ail laws, rules and regulations of governrnental agencies or authorities, 8. INTERIOR. Tenant agrees to keep the interior of said premises, all windows, screens, awnings, doors, including the overhead truck loading doors, interior r,valls, pipes, eiectrical fans, machinery, plumbing, electric wiring, and other fixtures and intedor appurtenances, in good and substantial repair and clean condition at Tenant's own expense--fire, windstonn, or other act of God, alone excepted. All glass, both interior and exterior, is at the sole risk of Tenant and Tenant agrees to replace at-l'enant's ow'n exp€nse; any glass broken duringthe terms of this lease. It is hereby understood and agreed that in the eveut that there is an air conditioning unit (or units) in the demised premises, the Tenant shall rnaintain and repair the same during the term of this lease and shall retum said unit (or units) to the Landiord"at the termination of this lease in good working order, reasonable wear and tear excepted. Tenant shali enter into a maintenance contract with a licensed rnechanical contractor for the maintenance of said ail conditioning units, and shall provide Landlord with a bopy of said maintenance agreement within thirry (30) days of executiorr of this lease. 9. CHATTEI,S. The Lessee hereby pledges and assigrrs to the Lessor all the furniture, fixtures, goods, and chattels of said Lease, whish shall or maybe brought or put on said premises as security fsr the payment of rent lrerein reserved and the Lessee agrees that the said lien may be enforced by distressed foreclosure or othenvise at the election of tl're said Lessor and Lessee agrees to pay collection costs. Except the equipment listed in the attached list and/or undel lease and owned by third parties. 10. INSLIRANCE. The Lessee shall, during the term of this Lease, procure at its expense and keep in force the following insurance: L Bodily injury and properry darnage comprehensive public liabiliry" insurance with respect to the leased premises for a combined single loss of not less than $1,000,000.00, 2. Fire and exlended coverage insurance covering its fixtures and equipment located on the leased premises in an amonnt not less than ninety (90%) percent of their actual cash value. 3. Workers cornpensation insurance in accordance with statutory law and employer's liability insurance r,vith a limit of not less than $100,000.00 per employee and $500,000.00 per occurrence. 4. The replacement of any plate glass damaged or broken from any cause lvhatsoever in and about the Lease premises shall be the Tenant's responsibility. Tenant shall, during the entire term hereof, keep in full force and affect a policy of plate glass insurance, covering all plate glass of the Leased Premises, in amounts satisfactory to Landlord. The policy shali name Landlord and any person, firm, or corporation designated by Landlord and Tenant as insured. 01621870.r ^- 334 5. Said insurance shall designate Lessor as additional insured and shall contain a clause that the insurer will not cancel or change the insurance without providing Lessor with at least 30 days' prior written notice. Proof of said insurance coverage and payment of premium shall be supplied to Lessor on demand. 11. HEIRS AND ASSIGNS. This Lease shall bind the Lessor and its,assigns or successors and the heirs, assigns, administrators, legal representatives, executors or succebsors as the case may be of the Lessee. 12. NOTICE. It is understood and agreed between the parties hereto that wriften notice by email, certified mail return receipt requested, mailed or delivered to the premjses leased hereunder shall constitute sufficient notice to the Lessee and written noticerby email, certified mail return receipt requested, mailed or delivered to the office of the Lessor shall constihrte suffrcient notice to the Lessor, to comply with the tems of this Lease. 13. WAIVER. The rights of the Lessor under this Lease shall be cumulative and failure on the part of the Lessor to exercise promptly any rights given hereunder shall not operate to forf'eit any of the said rigirts. 14. SIGNS. lt is understood and agreed that any signs or advertising to be used, including awnings, in connection w'ith the premises leased hereunder shall be frrst submitted to the Lessor for approval before installation of same. Tenant shali have the right to-install its store sign on the Premises, at its soie cost and expense, in accordance rvith the code arid sign criteria established by the City of Boynton Beach. 15, CHARGES FOR SERVICE, lt is understood and agreed betlveen the parties hereto that any charges assessed upon the Tenant by Landlord for services, utiiities or for the work done on the prernises by order ofthe Tenant, or otherwise accluing under flris Lease, shall be considered as rent due and shall be included in any lien for rent. It is further understood that the Tenant shall, upon demand, pay as additional rent its pro rata share(s) of any sprinkler standby, storm water utility standby. water and/or selver charges billable to the Landlord for the building(s) of rvhich the demised premises are a part. Landlord represents tlrat, at present, there are no pending cltarges. 16. PROPERTY TAXES & INSURANCE. The Lessee shall pay as additional rent its proportionate share (100%) of any increases above the 2A22bvy in the real properrytaxes assessed against the demised premises. Similarll', the Lessee shall pay as additional rent its proportionate share (100%) of any increase in the amount of fire and hazard insurance premiums incurred by the Lessor above those paid for 2022. None are expected at this tirne. 17. BANKRUPTCY.If the Lessee shall become insolvent or if bankruptcy proceedings shall be instiarted by or against the Lessee, before the end of this Lease, the Lessor is hereby irrevocably authot'ized to forthwith cancel this Lease, as for a default. 18. SUBORDINATTON. Subject to the provisions of Paragraph 33 below, this Lease shall be subordinate to any ground lease, mortgage, deed of trust, or any other lrypothecation or securify oow or hereafter placed upon the property and to any and all advances made on the security thereof and to all renewals, modifications, consolidations. replacements and extensions thereof. Notwithstanding such subordination, Tenant's right to quiet possession of the leased premises shall not be disturbed if Tenant is not in default and so long as Tenant shall pay the rent and observe and perform all of tire provisions of this Lease. unless this l.ease is otherwise terminated pursuant to its terms. ln the event of a fbreclosure of any such mortgage or the termination of this Lease, Tenant will, upon request of any person or party succeeding to the interest of Landlord as a result of sucb foreclosure or termination, automatically become the Tenant of such successor in interest without change in the tenns or other provisions of this Lease. Upon request by Landlord's morlgages or such successor in 5cl6xl870-r 335 interest, Tenant shall execute and deliver, on terms and conditions reasonably acceptable to the parties, an instrument or instruments confirming the attornment herein provided for. Tenant agrees to execute and acknowledge any documents required to effectuate an attomment, subordination, or to make this Lease prior to the lien of any mortgage, deed of trust or ground lease, as the case may be. Tenant's failure to execute such documents within ten (10) days after written demand shall constitute a material default by Tenant hereunder or, at Landlord's option, Landlord shall have the right to execute such documents on behalf of Tenant as Tenant's attorney-in-fact. Tenant does hereby make, constitute and irrevocably appoint Landlord as Tenant's attomey-in-fact and in Tenant's name, place and stead, to execute such documents in accordance with this Section, said appointment to be a power during the term of this Lease conpled with an interest and irrevocable. 19. SURRENDER PREMISES, Lessee hereby accepts the premises in the condition they are in at the beginning of the Lease and agrees to maintain said premises in the same condition, order, and repair as they are at the commencement of said term and to retum said premises in broom-swept clean and tenantable condition. Tenant shall not be permitted any holdover status upon termination or cancellation of this Lease. 20. \\,?TER DAMAGE. It is expressly agreed and understood by and betrveen the parties to this Lease that all personal properfy placed or moved in the premises above described sirall be at the risk of the Lessee. The Lessor ihall not be liable for any damage or injury by water, which may be sustained by the said Tenant or other person or for any oflrer damage or injury resulting from the carelessness, negligence, or improper conduct on the part ofany other tenant or agents or employees or by reason ofthe breakage, leakage, obstruction ofthe rvater, sew'er or soil pipes in or about the said building, 21. RETURN OF PREMISES. At the tennination of this Lease, the premises shall be resiored to their original condition (subject to improvements and additions remaining at Lessor's option as described above) and rctumed to the Lessor in broom-ciean condition. 22. lJTlLlTlES. The Tenant will be responsible for making arrangements rvith the utiliry company and the phone company for any electrioify or phone service and this Lease rvill begin on the date indicated, rvhether or not the Tenant has been able to successfully arrange for such services. 23. PARKING. Motor vehicles shall be parked in the area directly in front of the leased bay and not in front of the neighboring bays. Tenant appoints Landlord as its attomey-in-fact to remove all vehicles which are irnproperly parked. Disabled, abandoned or improperly registered vehicles shall not be permitted to remain on the parking area for a period longer than 48 hours. Tenant to have the use of all the parking spaces in front of leased premises. 24. TMSFI REMOVED. Tenant shall provide for suitable containerc fbr the collection of trash and other waste. Tenant shall secure the removal of the trash and lvaste at regular and peliodic intervals so as to prevent the accumulation of trash in such a lnanner as to become a nuisance or health hazard. ln the event the Tenant permits trash or waste to accurnulate in an unsightly fashion. Landlord shall be authorized to remove same at Tenant's expense. 25. NO OUTSIDE STORAGE. Tenant shall confine all of its activities to the interior poftion of the dernised premises and shall not conduct activities or store materials in the areas adjacent to the demised premises. The parking area slrall be used for parking by employees or visitors only. Tenant shall keep the parking area outside its premises free of anv rvaste, trash, or any other debris. No materials, equipment or any items related to the Tenant's business may be stored outside the premises overnight, with the exception of commercial trash containers. No pallets, cardboard boxes or any other material shall be stored outside at any time. No chemicals, flammable items, toxic substances. petroleum products or other contaminants shall be allowed in the property at any time. 26. A,BAI.{DONED PROPERTY. lt is understood and agreed that any merchandise, fixtures, fumiture or equipment left in the premises when Tenant vacates shall be deemed to have been abandoned by Tenant and by such abandonment Tenant autornatically relinquishes any right of interest therein. 01623870"1 6 336 Landlord is authorized to sell, dispose of or destroy same. 27. ESTOPPEL CERTIFICATE. Tenant, upon request of Landlord or any holders of a mortgage against the l'ee, shall from time to time deliver or cause to be delivered to Landlord or such rnortgagee, within ten (10) days from date of demand, a certificate duly executed and acknowledged in form for recording, without charge, certif,ing, if tme, that this Lease is valid and existing and in fuIl force, effect that Landlord is not in defautt under any of the terms of this Lease and such other matters as, may be required by'Landlord or such moftgagee. Tenant further agrees to pay to Landlord, as additional rent, an amount equal to 1130 of one montl's rent at the monthly rental then obtaining, for each day, if any, in excess often (10) days after-such demand thatTenant shall fail to deliver such a oertificate as provided for in this olause. 28. I{AZARDOUS SUBSTANCES - GENERAL. Tlie ter- "Hazardous Substances," as used in this Lease shall mean pollutants, contaminants, toxic or hazardous wastes, or any other: substances the use andlor the rernoval of w'hich is lequired or the use of which is restricted, prohibited or penalized by any "Environmental Ldw," which tem shall mean any federal, state or local law, ordinance or other statute of a govermnental or quasigovemmental authority relating to pollution or protection of the environment. Lessee lrereby aglees that (i) no activity wili be conducted on the premises that will produce any Hazardous Substance, except for such activities that are part of the ordinary course of Lessee's business activities (the "Permitted Activities-1') provided said Permitted Activities are conducted in accordance with all Environmental Laws and have been approved in advance in writing by Lessor; Lessee shall be responsible for obtaining any required pennits and paying any fees and providing any testing required by any governrnental agency; (ii) the premises will not be used in any manner for the storage of any Hazardous Substances except for the temporary storage of such materials that are used irr the ordinary course of Lessee's business (the "Permitted Materials") provided such Permitted Materials are properly stored in a manner and location rneeting all Environmental Laws and approved in advance in writing by Lessor; Lessee shall be responsible for obtaining any required pernrits and paying any fees and providing any testing required by any govemrnental agency; (iii) no portion of the premises will be used as a landfill or a dump; (il') Lessee will not install any underground tanks ofany type; (v) Lessee lvill not allow any surface or subsurface conditions to exist or corre into existence that constitute, or with the passage of time may constitute a public or private nuisance; (vi) Lessee will not permit any Hazardous Substances to be brought into the premises, exaept for the Permitted Materials described below, and if so brought or found located thereon, the same shall be immediately removed, with proper disposal, and all required cleanup procedures shall be diligently undertaken pul'suant to all Environmental [.,aws, l,essor or Lessor's reprcsentative shall have the right but not the obligation to ent€r the prenrises for the purpose of inspecting the storage, use and disposal of Perrnitted Materials to ensure compliance with all Environmental Larvs. Should it be determined, in Lessor's sole opinion, that said Permifted Materials are being improperly stored, used, or disposed of then Lessee shall irnmediately talie such corrective action as requested by Lessor. Should Lessee fail to take such corrective action within 24 hours, Lessor shall have the right to perform such rvork and Lessee shall promptly reimburse Lessor for aqv and all costs associated rvith said work. If at any time during or after the term of the Lease, the premises is found to be so contaminated or subject to said conditions, Lessee shall diligently institute proper and thorough cleanup procedures at Lessee's sole cost, and Lessee agrees to indemni! and hold Lessor harmless {rom all clairns, demand, actions, liabilities, costs, expenses, damages and obligations of any nature arising fi'om or as a result of the use of the premises by Lessee. The foregoing indemnification and the responsibilities of Lessee shall survive the termination or expiratiorr of this Lease. 29. LANDLORD'S LIABILITY. The iiability of the l,andlord (ivhich, for the purposes of this Lease, shall include the Owner of the building if other than the Landlord) to the Tenant for any default by I-andlord under the terms of this Lease is limited to the interest of the Landlord in the building, and the Tenant agrees to look sotely to the Landlords intelest in the building for the recovery of any judgment. 70162J8?0-t 337 30. 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 overtime. 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 from your county public health unit. 31. ATTORNEY'S FEES, If either party' becomes a parly to any litigation conceming this Lease, the premises, or the building or other improvements in -rvhich the premises are located, by reason of any act or omission of the other parly or its authorized representatives, and not by any act or omission of the parfy- or its authorized representatives, the pafly that causes the other parly to become involved in the litigation shall be liable to that party for reasonable atforneys' fees and all costs and expense incuned by it in connection with said litigation including available appeals thereof. 32. WAIVER OF TRIAL BY JURY. Tenant and Landlord hereby knowingly, voluntarily, and intentionally waive the right either may have to a lrial by jury in respect to any litigation based thereon, or alieing ,out of, under or in connection r,vith this instrument and 'any agreement contemplated to be exgcuted in conjunction herewith or any course of conduct, course of dealing, statements (whether verbal or written), or actions of either party. This provision is a material inducement for the Landlord leasing the premises to the Tenant. 33. CONDEMNATION. If any portion of the leased premises or the project are taken under the power of eminent domain, ol sold under the threat of the exercise of said power (all of which are herein called "condemnation'), this Lease shall terminate as to the part so taken as of the date the condemning authority takes title ol possession, whichever ftr'st occurs; provided that if so much of the premises or project are taken by such condemnation as would substantially and adversely afflect the operation and profitability of Tenant's business conducted from the premises, and said taking lasts for ninety (90) days or more, Tenant shall have the option, to be exercised only in rvriting within thifty (30) days after Landlord shali berve given Tenant written notice of such taking (or in the abserrce of such notice, within thirty (30) days after the condemning authority shall have taken possession), to terminate this Lease as of the date the condemning authority takes such possession. If a taking lasts for less than ninety (90) days, Tenantrs rent shall be abated during said period but Tenant shall not have the right to terminate this Lease. If Tenant does not terminate this Lease in accordance with the foregoing, this Lease shall remain in full folce and effect as to the portion of the premises remaining, except that the rent shall be reduced to the proportion that the usable floor area ofthe leased premises taken bears to the total usable floor area of the project, Landlord shall have the option in its sole discretion to terminate this Lease as of the taking of possession by the condemrring authorify. by giving written notice to Tenant of such election within thiffy (30) days after receipt of notice of a taking by condemaation of any part of the premises or the projecl Any award for the taking of all or any part of the premises or the project under the power of eminent domain or any payment made under threat of the exercise of such power shall be the propegy of Landiord, whether such award shall be made as compensation for diminution in value of the leasehoid or for the taking of the fee, as severance damages, or as damages for tenant improvernents; provided, however, that Tenant shall be entitled to any separate award for loss of or damage to Tenant's trade fixtures and rentovable personal property and any award available for the relocation of Tenant's business. ln the event that this Lease is not terminated by reason of such condemnation, and subject to the requilements of any lender that has made a loan to Landlord encumbering the project, Landlord shall to the extent of severance damages received by Landlord in connection with strch condemnation, repail any damage to the project caused by such condemnation except to the extent that Tenant has been reimbursed therefore by the condemning authority. Tenant shall pay any amount in excess of such severance damages required to complete such repair. Except as set forth in this Section, Landlord shall have no liability to f'enant for intemrption of Tenant's business upon the premises, diminution of Tenant's ability to use the premises, or other injury or damage sustained by Tenant as a result of such condemnation. 84rc23470-t 338 IN WITNESS WHEREOF, the parties hereto have executed this instmment for the purpose herein expressed, the day and year above written. Signed, sealed and delivered in the presence of: Witness as to Landlord:Landlord: Wells Landi LLC dlbla The Heart of Boynton Lewis Swezy, Manager of By f),^--4 /:"*By, f)ate:Date: i ?.{ Witness as to Tenant:JB Dental Care LLC By -2 Date:-2^ GUARANTY IN CONSIDERATION of the letting of the prenrises herein mentioned to the rvithin named Lessee and the sum of $1.00 paid to the undersigned by the herein named Lessor, the rrndersigned does hereby covenant and agree. to and with the l,essor and the l.essor's legal representatives and assigns, that if def'ault shall at any time be made by the Lessee in the payment of any rent or the performance of any of the terrns, covenants or agr€ements contained in the within Lease on the Lessee's part to be paid and performed, the undersigned will well and truly pay the said rent, or any arrears thereof that rnay be due to the Lessor. as rvell as any damages that may arise in consequence of such non-performance without requiring notice of any default from the Lessor and the undersigned agrees that this Guaranty shall not be affected by reason of the assertion by Lessor against Lessee ofany rights or rernedies reserved to Lessor in said Lease or be reason of sumlnary or other proceedings against L,essee or by reason of any extension or indulgences granted to Lessee. The undersigned waives trial by jury in any action or proceeding brought by either Lessor or the undersigned against the other on any matters relating to said Lease or this Guaranry. Witness as to Guarantor Guarantor Name: By: Date: T By: 01621870- I 9 Date: 339 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.H SUBJECT: Approval of the Commercial Rent Reimbursement Grant Program in the Amount of $21,000 to The M Salon & Spa LLC d/b/a Nails & Co. located in 500 Ocean at 510 E. Ocean Avenue, Unit 104 SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from The M Salon & Spa LLC d/b/a Nails & Co. located in 500 Ocean at 510 E. Ocean Avenue, Unit 104, Boynton Beach, FL 33435 (see Attachments I-II). Nails & Co. aims to bring a luxury experience like no other salon in the area and will provide flawless manicures and relaxing pedicures. Nails & Co. will redefine nail care and pampering with unmatched quality and elegance. As a nail salon, Nails & Co. employs approximately 8 part-time and full-time positions for nail technicians, facial specialists and managers. Under the terms of their proposed Landlord-Tenant Lease Agreement, the base rent to be paid by the applicant is $3,828.97 per month (see Attachment III). Nails & Co. qualifies as a Tier II business (as specified in the grant application) and would receive reimbursement for one-half of their monthly rent amount or maximum grant amount of $1,750 per month for a 12-month period, whichever is less. If approved, Nails & Co. would be reimbursed in the amount of $1,750/month for a period of 12 months or a total grant amount of $21,000 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58400-444, $21,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan 340 •Attachment I - Commercial Rent Reimbursement Grant Application •Attachment II - Location Map •Attachment III - Lease CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $21,000 to The M Salon & Spa LLC d/b/a Nails & Co. located in 500 Ocean at 510 E. Ocean Avenue, Unit 104, Boynton Beach, FL 33435. ATTACHMENTS: Description 341 342 343 344 345 346 347 348 349 350 351 352 353 Business Information Additional Information Application Commercial Rent Reimbursement Grant Program Status Awaiting Decision Business Name Nails & Co. Contact Legal Name Hoang Tram Contact Preferred Name Michael Email michaeltrammm@gmail.com Address 510 E Ocean Ave unit 104, Boynton Beach, FL 33435, USA Phone 954-397-6850 Website http://nails-company.co Special Requests Submitted Time Feb 05, 2025 1:19 pm Tags Boynton Beach Business Address: 510 e ocean ave unit 104 Boynton Beach, fl 33435 Provide a list of all principal owners listed on corporate documents hoang tram 9543976850 michaeltrammm@gmail.com Lynn lu 9543976913 lulinh50@gmail.com Business Mission Statement Nails & Co. would aim to bring a luxury experience like no other salon in the area. From flawless manicures to relaxing pedicures, we're here to redefine nail care and pampering with unmatched quality and elegance. 2/6/25, 9:53 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=502205&index=7&total=18 1/3354 Are you an existing business in Boynton Beach? Yes Numbers of years in existence 0 Are you a new business in Boytnon Beach? Yes Description of your business we are a new nail salon in Boynton Beach that provides manicures, pedicures, waxing, facials and eyelash extensions. Type of Business Tier II Base Rent (plus CAM if applicable) 5,238 Square Footage of Current Location 2000 Square Footage of New Location (No response submitted) Number of Employees & Job Descriptions Michael- manager: $1200/w 7 days a week Meghan- receptionist: $700/w 6 days a week Lynn- nail tech: $1200/w 7 days a week olga- facial specialist: $1000/w 5 days a week Tabby- nail tech: $1100/w 6 days a week LAURA- NAIL TECH: $1000/W 6 days a week Loan- nail tech: $1200/w 7 days a week Karol- nail tech: $1100/w 6 days a week Hours of Operation Monday to Saturday- 9:30am-7pm sunday 12pm-6pm Are you applying for grant assitance under any other program offered by the BBCRA? Commercial Business Marketing Grant Program (only available to eligible business currently open) Are you applying for grant assistance under any other governmental agencies? no Landlord Contact Information stella 6782670999 In the following sections, please upload the requested documents. If more than one file is needed in a response to an individual prompt, go to "Choose Files," select multiple files at the same time in order for them to upload. I understand Upload resumes for each principal/owner listed on coporate documents here: File uploaded Upload a copy of the lease here: File uploaded Upload Copy of Corporate Documents Here File uploaded 2/6/25, 9:53 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=502205&index=7&total=18 2/3355 Prices Upload two years of corporate tax returns here: File uploaded Upload City of Boynton Beach Business Tax Reciept Here (No response submitted) Upload Palm Beach County Business Tax Reciept Here (No response submitted) Upload Credit Check Authorization Form Here File uploaded Upload Business w9 here: File uploaded Upload the Grant Intake Form here: File uploaded Upload Notarized "Anti-Human Trafficking Affidavit" here: File uploaded Upload Signed "Program Rules & Regulations" Here File uploaded I understand that submission of an application is not a guarantee of grant funding or Board approval. Any "approval" notifications sent through Eventeny are purely administrative. Final approval will occur at the next available Board Meeting. HOANG TRAM How would you like to pay your application fee? Pay with credit card Application Fee Quantity - 1 | Total - $100.00 2/6/25, 9:53 AM Artist, Vendor & Exhibitor Submission - BBCRA Economic Development Grant Programs - Eventeny https://www.eventeny.com/dashboard/events/event/vendors/list/view/?id=12701&vend_id=502205&index=7&total=18 3/3356 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print AVANTI RESIDENTIAL 500 OCEAN TIC II LLC AVANTI RESIDENTIAL 500 OCEAN TIC III LLC AVANTI RESIDENTIAL 500 OCEAN TIC I LLC LOCATION 101 S FEDERAL HWY MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-28-03-007-0010 SUBDIVISION BOYNTON TOWN OF BOOK/PAGE 32626/379 SALE DATE 06/02/2021 MAILING ADDRESS 1700 BROADWAY STE 620 DENVER CO 80290 1702 USE TYPE 0300 - MULTIFAMILY 10 UNITS OR MORE TOTAL SQUARE FEET OWNERS PROPERTY DETAIL v.1.4b 2/6/25, 9:57 AM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1357 358 359 360 361 1 ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT This ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT (this “Assignment”) is made as of January 3, 2025 (the “Effective Date”), by and between TRULE ENTERPRISES, LLC, a Florida limited liability company, d/b/a OXYGENIX NAIL LOUNGE, and VIENLE, LLC, a Florida limited liability company (together, jointly and severally, “Assignor”); and HOANG TRAM, an individual (“Assignee”). RECITALS A. Assignor is the Tenant under that certain Lease Agreement dated April 10, 2017 (as amended, the “Lease”) and is the lessee of Unit 104 containing approximately 1,701 rentable square feet (the “Premises”) in the mixed-use building commonly identified as “500 Ocean” located at 500 Ocean Drive, Boynton Beach, Florida, 33435; B. Effective as of June 23, 2021, AVANTI RESIDENTIAL – 500 OCEAN TIC I, LLC, a Delaware limited liability company, AVANTI RESIDENTIAL – 500 OCEAN TIC II, LLC, a Delaware limited liability company, and AVANTI RESIDENTIAL – 500 OCEAN TIC III, LLC, a Delaware limited liability company (collectively, “Landlord”) became, by assignment, the Landlord under the Lease; and C. Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, all of Assignor's rights and obligations under the Lease as of the Effective Date, as more particularly described below. AGREEMENT NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Effective Date. Except as otherwise stated in this Assignment, the agreements contained herein shall be effective upon the Effective Date. 2. Defined Terms. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to such terms in the Lease. 3. Assignment of Lease. As of the Effective Date, Assignor hereby assigns and transfers to Assignee, all of Assignor's right, title, and interest in, to, and under the Lease, subject to all of the terms and conditions set forth in the Lease. 362 2 4. Assumption of Lease. Assignee hereby accepts the foregoing assignment and expressly assumes and agrees fully and punctually to pay, perform, and observe all of the terms, covenants, conditions, and obligations of the Lease required to be paid, performed, and observed on the part of the Tenant under the Lease, from and after the Effective Date. 5. Landlord Consent. Notwithstanding anything contained herein to the contrary, this Assignment shall be conditioned upon and shall not be of any force or effect unless and until (a) Lynn Lu, an individual, has executed a separate document personally guaranteeing Tenant’s performance under the Lease and (b) Landlord has executed Landlord's Consent to Assignment and Assumption of Lease attached hereto and made a part hereof. 6. Notices. Effective upon the Effective Date, all notices provided to Assignee shall be addressed as shown below: HOANG TRAM _________________________ _________________________ _________________________ Email: ___________________ 7. Multiple Counterparts. This Assignment may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all the parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Electronic signatures, .pdf copies of signatures, and photocopies of signatures shall be treated as original signatures for all purposes under this Assignment. 8. Governing Law. This Assignment shall be governed by and construed in accordance with the laws of the State of Florida. Any disputes arising out of this Assignment shall be resolved in a court of competent jurisdiction located in the county in which the Premises is located. [Signatures on Following Page(s)] 363 364 365 4 LANDLORD’S CONSENT TO ASSIGNMENT AND ASSUMPTION OF LEASE (Unit 104 - TRULE ENTERPRISES, LLC, a Florida limited liability company, d/b/a OXYGENIX NAIL LOUNGE, and VIENLE, LLC a Florida limited liability company (together, jointly and severally, “Assignor”); and HOANG TRAM, an individual (“Assignee”)) After Landlord's review of all necessary and requested documentation from Assignor and Assignee, and in consideration of Assignee agreeing to assume, be bound by and keep, perform and fulfill all of the terms, covenants, conditions, and obligations of the Tenant required to be kept and performed under the Lease from and after the Effective Date, including without limitation timely making all payments due and/or to become due or payable on behalf of the Tenant under the Lease from and after the Effective Date, Landlord is willing to, and hereby does, consent to this Assignment. Landlord makes no representations or warranties, express or implied, concerning the status of the Lease or the condition of the Premises, all of which are accepted by Assignee “as is, where is, with all faults,” and in full satisfaction of all of Landlord's obligations that are or were to be performed and or satisfied prior to the Effective Date. This Assignment shall not (i) release Assignor of any obligation under Lease, whether prior to or after the Effective Date or (ii) be deemed a waiver of Landlord's right to approve or disapprove of any further or additional assignment of the Lease or subletting of the Premises. LANDLORD: AVANTI RESIDENTIAL – 500 OCEAN TIC I, LLC, a Delaware limited liability company By: ______________________________________ Douglas A. Andrews, Manager AVANTI RESIDENTIAL – 500 OCEAN TIC II, LLC, a Delaware limited liability company By: ______________________________________ Douglas A. Andrews, Manager AVANTI RESIDENTIAL – 500 OCEAN TIC III, LLC, a Delaware limited liability company By: ______________________________________ Douglas A. Andrews, Manager 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.I SUBJECT: Approval of Fiscal Year 2024-2025 Budget Amendment for Unreserved Fund Balance SUMMARY: As a result of the 2023-2024 fiscal year accounting close out and confirmation through the annual audit process, the CRA has recognized an unassigned balance of $2,118,706. These unassigned funds are an accumulation of remaining unused funds from each line item in the previous year's budget and available to the CRA Board for reallocation into the current Fiscal Year 2024-2025 Budget's Project Fund (see Attachment I). The CRA Board's reallocation of the funding from the General Fund into the Project Fund is accomplished through a Budget Amendment and is detailed in Resolution 25-01, Exhibit "A" (see Attachment II). Per direction from the CRA Board on February 11, 2025, the unassigned funds will be allocated as follows: Economic Development Grant Programs - $400,000 Future Grocery Store in District 2 - $600,000 Adaptive Reuse for Historic Properties - $300,000 Property Acquisitions - $818,706 FISCAL IMPACT: FY 2024-2025 Budget, reallocate $2,118,706 from General Fund to Project Fund as follows: Line item 02-58400-444 - Economic Development Grant Programs - $400,000 Line item 02-58200-406 - Future Grocery Store in District 2 - $600,000 Line item 02-58200-406 - Adaptive Reuse for Historic Properties - $300,000 Line item 02-58200-401 - Property Acquisition - $818,706 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approve the Budget Amendment Resolution No. 25-01 for the reallocation of unassigned fund balance in the amount of $2,118,706 from the General Fund to the Project Fund as follows: Line item 02-58400-444 - Economic Development Grant Programs $400,000 Line item 02-58200-406 - Future Grocery Store in District 2 - $600,000 427 •Attachment I - Unassigned Fund Balance •Attachment II - Budget Amendment I - Resolution 25-01 Line item 02-58200-406 - Adaptive Reuse for Historic Properties - $300,000 Line item 02-58200-401 - Property Acquisition $818,706 ATTACHMENTS: Description 428 429 RESOLUTION NO. 25-01 A RESOLUTION OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, TO AMEND THE FISCAL YEAR 2024-2025 BUDGET TO REALLOCATE GENERAL FUND UNASSIGNED FUND BALANCE FROM THE FY 2023-2024 AUDIT AND INCREASE THE TOTAL APPROPRIATIONS TO THE PROJECT FUND; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Boynton Beach Community Redevelopment Agency Board (hereafter “CRA”) has adopted the fiscal 2023-2024 budget and does allow program changes as necessary; and WHEREAS, it is the objective to maintain accuracy of the budget document to reflect policy determinations of the Board as to the proper and legally defensible appropriation of funds authorized by the Community Redevelopment Plan; and WHEREAS, the CRA Board approved Resolution No. R24-02 on September 10, 2024, approving the Fiscal Year 2024-2025 budget; and WHEREAS, the CRA Board approved Resolution No. 25-01 on March 20, 2025 amending the Fiscal Year 2024-2025 budget; and WHEREAS, the audit after the year end September 30, 2024 contained a General Fund unassigned fund balance in the amount of approximately $2,118,706; and WHEREAS, the CRA Board approved Consideration of funding for Economic Development - $400,000, Future Grocery Store in District 2 - $600,000, Adaptive Reuse for Historic Properties - $300,000 and Property Acquisitions - $818,706 approving $2,118,706 from FY 2024-2025, General Fund unassigned and reallocating to Project Fund; and WHEREAS, the Director of Finance, based on the Board’s policy determination and approval, has identified the line item appropriations that require budget adjustments hereinafter reflected. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY THAT: SECTION 1. The foregoing “WHEREAS” clauses are hereby ratified and confirmed as being true and correct and are hereby incorporated herein. 430 SECTION 2. A copy of the FY 2024-2025 Budget Amendment No. 1 and line item adjustments attached hereto as Exhibit “A.” SECTION 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 4. If any clauses, sections, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 5. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED BY THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD, THIS 20 DAY OF MARCH 2025. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: ________________________________ Rebecca Shelton, Chair Approved as to form: _____________________________ CRA Attorney 431 APPROVAL FUND DEPARTMENT DESCRIPTION G/L ACCT. BUDGET APPROPRIATION INCREASE / (DECREASE) AMENDED BUDGET APPROPRIATION Purpose (1) Reallocate General Fund Unassigned Balance from 9/30/24 - Increase Project Fund and Line Item in FY24-25 CRA Board 2/11/2025 1. General Fund unassigned fund balance year ending 9/30/2024 Budget Amendment #1 General Other Financing Sources - Revenues Unassigned Fund Balance from FY23-24 Audit ($2,118,706)01-49100 -$ (2,118,706)$ (2,118,706)$ Resolution No. 25-01 General Transfer to Project Fund - Expenses Transfers Out 01-59999-990 17,591,645$ 2,118,706$ 19,710,351$ 2. Transfer funds as follows: Other Financing Sources - Revenues Unassigned Fund Balance from FY 23-24 ($2,118,706)02-49900 (17,591,645)$ (2,118,706)$ (19,710,351)$ Project Economic Development Economic Development Grant Programs 02-58400-444 600,000$ 400,000$ 1,000,000$ Future Grocery Store in District 2 Infrastructure & Streetscape 02-58200-406 1,400,000$ 600,000$ 2,000,000$ Adaptive Reuse for Historic Properties Infrastructure & Streetscape 02-58200-406 -$ 300,000$ 300,000$ Capital Outlay Property Acquisition 02-58200-401 7,281,639$ 818,706$ 8,100,345$ BUDGET AMENDMENTS & ADJUSTMENTS TO FY 2024-2025 GENERAL AND PROJECT FUND NOTE: Recorded on Financial Statements T:\FINANCE\BUDGET AMENDMENTS - TRACKING\FY 2024-2025 - Budget Amendment #1 - 2.11.2025.xlsx 432 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.J SUBJECT: Approval of 500 Ocean Performance Audit for Year Ending December 31, 2024, 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 I). 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%. In June 2021, an Estoppel Certificate was made to Avanti Residential - 500 Ocean TIC I LLC in connection with Avanti’s acquisition of the property from Seller, LeCesse Development Corp d/b/a Skye at Boynton Beach, LLC (see Attachment II). As required under the terms of the DIFA, on February 24, 2025, Avanti Residential-500 Ocean TIC I LLC submitted a Performance Audit and proof of property tax payment for the year ending December 31, 2024. Based on the City of Boynton Beach Building Department and CRA staff's review, the Performance Audit is in compliance with the terms of the DIFA (Attachments III). The amount of Tax Increment Revenue generated from the 500 Ocean project and the amount reimbursed to the Developer will be $402,118. The amount remaining with the CRA totals $402,118 (see Attachment IV). If approved by the Board, the CRA will be issuing DIFA payment number six (6) in the amount of $402,118 for FY 2024-2025. FISCAL IMPACT: FY 2024 - 2025 Budget, Project Fund, Line Item 02-58400-443, $402,118 433 •Attachment I - Direct Incentive Funding Agreement •Attachment II - Estoppel Certificate •Attachment III - 500 Ocean System Audit 2024 and Taxes •Attachment IV - 2024 Incentive Calculation 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 six (6) in the amount of $402,118 to Avanti Residential-500 Ocean TIC I LLC. ATTACHMENTS: Description 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 ESTOPPEL CERTIFICATE Re: Direct Incentive Funding Agreement (the "DIF A") entered into as of May 27, 2015 by and between the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes (the "Agency") and Skye at Boynton Beach, LLC, a Florida limited liability company (the "Developer and/or Seller"), affecting a portion of the real property described in Exhibit A attached to and made part of the DIF A, located in Palm Beach County, Colorado (the "Property"). This Estoppel Certificate ("Certificate") is made to (a) Avanti Residential, LLC, a Delaware limited liability company (together with its successors and assigns, collectively, "Purchaser") in connection with Purchaser's acquisition of the Property from Seller, (b) Purchaser's lender, Berkley Point Capital LLC d/6/a Newmark Knight Frank, a Delaware limited liability company (together with their successors and assigns, collectively, "Lender") in connection with Lender's anticipated term loan to Tenant, as such term is defined below, which loan is to be secured by the Property or a leasehold interest in the Property, (c) Federal Home Loan Mortgage Corporation (together with its successors and assigns, "Freddie Mac"), and ( d) Chicago Title Insurance Company ("Title Insurance Companv" and together with Purchaser, Lender, and Freddie Mac, collectively the "RelvingParties"). All capitalized terms which are not defined herein shall be ascribed the definitions set forth in the DIF A. Now, therefore, knowing that Purchaser will rely upon the accuracy of the information contained herein and to induce the Title Company to issue an Owner's Title Insurance Policy to Tenant, as defined below, and to induce the Lender to issue a loan to the Tenant, the Agency represents, warrants and certifies as follows: A.The Agency hereby certifies to the Relying Parties that: (1)The DIF A is in full force and effect and has not been amended, assigned, modified or supplemented by any other agreement except as set forth on Schedule 1. (2)There is no existing default under, or violation of any covenant, term, condition, provision, restriction, standard, limitation, rule, regulation or guideline in the DIF A by Developer, nor are there any conditions or facts which, after giving requisite notice, or the passage of time, or both, would result in such a default or violation or afford Agency with the right or ability to terminate the DIF A. No notice of default has been issued by the Agency. (3)The Project was completed in accordance with the DIF A prior to June 30, 2018. Developer has received a Certificate of Occupancy for the entire Project and Developer has satisfied the conditions of funding in accordance with Section 6.2 of the DIFA. Accordingly, the ten (10) year term for the payment of the Direct Incentive Funding to Developer by the CRA commenced by the CRA Board on February 11, 2020 and will expire in 2030. (4)Developer has provided the Systems Audit Report to the City's Development Services Department on annual basis, including the Systems Audit Report due on or before April 30, 2021 (the "2021 Systems Audit Report"), and the 2021 Systems Audit Report is acceptable to the City. (5)The Direct Incentive Funding paid to Developer for the 2019 calendar year was $392,811 and for the 2020 calendar year was $435,635.31. The Direct Incentive Funding to be paid to Developer for the 2021 calendar year will be projected after the Palm Beach County Property Report is received on June 30, 2021 and is expected to be paid to Developer after approval by the CRA Board in 2022. 4836-5629-1306.4 475 4836-5629-I 306.4 (6)Since a Certificate of Occupancy has been issued for the entire Project, the Agencyacknowledges that Developer (or any successor or assign of Developer) may freely transfer or assign its rights, interests or obligations in the Property, the Project or the DIF A, to any third party without the consent of the Agency in accordance with Section 8 of the DIF A. Agency acknowledges that the DIF A will be assigned to Purchaser, and its successors and assigns, in connection with Purchaser's acquisition of the Property from Developer. The Agency further acknowledges that the Property will be transferred from Purchaser to an entity formed by or affiliated with Safehold Inc., a Maryland corporation ("Landlord") and leased to tenants in common, formed by and affiliated with the Purchaser (the "Tenant") pursuant to a Ground Lease Agreement dated on or about the date hereof (the "Ground Lease") and that such transfer may result in a further assignment of developer's rights in the DIFA to the Tenant. The transfers of the Property and the assignments of the DIF A described in this Section 6 do not require the consent of the Agency. The Agency further acknowledges that the Tenant will collaterally assign the DIFA to Lender, and its successors and assigns, and that the exercise of Lender's right to foreclose on any mortgages, deeds of trust, security agreements or collateral assignments (including, but not limited to, the Tenant's rights under the DIF A) in favor of Lender, and or the right of Lender to sell or take possession of the leasehold estate under the Ground Lease, won't require the consent of the Agency. (7)The Agency is the entity (or lawful successor to such entity) identified in the DIFA ashaving the authority to make certifications contained herein with respect to the compliance by the parties to theDIFA. (8)Agency agrees to provide Lender with notices under the DIF A in accordance with Section10.5 of the DIFA. Lender's address for notices is: Berkeley Point Capital LLC, d/b/a Newmark Knight Frank Attention: Director, Loan Servicing 8 Springhouse Innovation Park, Suite 200 Lower Gwynedd, Pennsylvania 19002 (9)Notwithstanding Section 6.5 of the DIF A, CRA has not issued any Tax IncrementRevenue Bonds, nor pledged any tax increment revenue, in connection with the DIF A or the Property. [Signature appears on the following page] 476 Dated tltis L day ow 42u, , 2021. 4836-5629-1306.4 AGENCY: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: L/4�� )� Name: �· "�,c�#t�,,:,�,:,,/�· _._..l�-?'7�-:-_a �•-v�· --- Title: /:k;..L C'.'.-v,1,<-;)1rco/':r 477 Schedule 1 Amendments to the DIFA First Amendment to Direct Incentive Funding Agreement made and entered into February 16, 2017 by the Agency and the Developer recorded on March 1, 2017 in Officials Records Book 28920, page 643. Second Amendment to Direct Incentive Funding Agreement made and entered into December 12, 2017 by the Agency and the Developer recorded on July 6, 2018 in Officials Records Book 229973, page 1991. Third Amendment to Direct Incentive Funding Agreement made and entered into February 2020 by the Agency and the Developer. 4836-5629-1306.4 478 479 The City of Boynton Beach DEVELOPMENT DEPARTMENT BUILDING DIVISON 100 E. Boynton Beach Boulevard P.O. Box 310 Boynton Beach, Florida 33425-0310 TEL: 561-742-6350 FAX: 561-7426357 www.boynton-beach.org February 21,2025 Timothy Tack Interim Executive Director Boynton Beach CRA 100 East Ocean Ave Boynton Beach, Florida 33435 Ref: 500 Ocean Project Re: Systems Audit 2025 Dear Mr. Tack: I have received the audit report and letter of certification prepared by RunBrook. Dated 02/17/2025 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, John Kuntzman, CBO, PX, BN, CFM, Building Official /Flood Plain Manager Cc: Amanda Radigan, Director, Planning & Development S:\Development\BUILDING\Kuntzman, John\Correspondance\Seabourne Cove Systems Audit_040616.doc 480 www.RunBrook.com ddenis@runbrook.com 313 Datura Street, Suite 300 West Palm Beach, FL 33401 Office: 1-833-RUNBROOK Date: 0Ϯ/ϭ7/2025 Re: 500 Ocean Systems Audit Report and DIFA Compliance Attn: John Kuntzman Development / Building Official Mr. Kuntzman, The Direct Incentive Funding Agreement (DIFA) for the 500 Ocean project in Boynton Beach requires annual systems audit reports be performed in accordance with Section 5.3 and Exhibit F. RunBrook, Inc. (formerly SustainaBase) has performed the systems audit reports in 2018, 2019, 2020͕ 2021, 2022, 2023, and 2024 and found the property to be in compliance with Exhibit F (500 Ocean Green Building Monitoring Plan). Please feel free to contact me if you have any questions. Sincerely, Daniel J. Denis, President at RunBrook LEED AP (BD+C) & Green Rater RESNET HERS Rater ENERGY STAR Verifier FGBC Certifying Agent NGBS Green Verifier Cc:Robert Urbanksi (Avanti Residential) 481 500 Ocean, Boynton Beach, Florida 101 S Federal Hwy, Boynton Beach, FL 33435 City of Boynton Beach, Community Redevelopment Agency Prepared by: RunBrook 313 Datura Street, Suite 200 West Palm Beach, FL 33401 www.RunBrook.com ddenis@RunBrook.com 1-833-RUNBROOK Building Systems Audit Report (Calendar Year 2024) 482 2024 Building Systems Audit Report – 500 Ocean Project Page | 1 Avanti Residential Green Building Consulting by RunBrook 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. RunBrook, Inc. 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 February 12, 2025. 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 RunBrook, Inc. utilized qualified RESNET Home Energy Rating professionals to perform the site inspections and perform blower door tests. RunBrook’s Energy Raters visited each unit and filled out the building systems audit checklist. RunBrook’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. 483 2024 Building Systems Audit Report – 500 Ocean Project Page | 2 Avanti Residential Green Building Consulting by RunBrook Building Systems Audit Summary The table below provides a list of the unit types and unit numbers audited in 20Ϯ4 included in this Building Systems Audit Report. Audits were performed on February 12, 2025 484 2024 Building Systems Audit Report – 500 Ocean Project Page | 3 Avanti Residential Green Building Consulting by RunBrook Results Summary Common Areas 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. Electric charging station in functioning order, protected by parking barricade, signage in place Irrigation heads in functioning order, native plants well maintained 485 2024 Building Systems Audit Report – 500 Ocean Project Page | 4 Avanti Residental Green Building Consulting by RunBrook Results Summary 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. Dryer exhaust fans attached and MERV 8 filters maintained Low flow showerheads remain in place 486 2024 Building Systems Audit Report – 500 Ocean Project Page | 5 Avanti Residential Green Building Consulting by RunBrook Envelope sealing measures to limit air infiltration Blower Door Unit Set Up 487 488 489 490 491 492 493 494 495 496 As of: July 16, 2024 FY 2023-2024 Value of the Project prior to Redevelopment 3,921,916$ 08-43-45-28-03-007-0010 2018 Value of the Project after Redevelopment 72,748,269$ Source: Property Appraiser Database As of: 7/16/2024 - 2% increase from 2023 Project Increment 68,826,353$ TIF Revenue = (95% of Project Increment X (City Millage + County Millage) City Millage Rate*0.0078 City City TIF Contribution = 95% of Project Increment X City Millage 510,003$ County Millage Rate*0.0045 County County Contribution = 95% of Project Increment X County Millage 294,233$ TIF Revenue created by Project 804,236$ Award Factor 50% Years 1-4 @ 75% - Years 5-7 @ 50% - Years 8-10 @ 25% Total Incentive Award 402,118$ ◄ To Be Paid to Developer (Year 6 of 10) Total Remaining with CRA 402,118$ NOTES: (3) Conditions in Secion 6.2 have been met no later than April 30th of the year following the corresponding ad valorem tax year (1) the CRA Board's acceptane of a sufficient annual Systems Audit Report (2) final certification of tax assessments within the CRA District by the PBC Property Appraiser for the preceding year (3) documents evidencing payment by the Developer of ad valorem taxes for the preceding year The developer incentive award calculations are based on (1) annual assessed value of property, and (2) City and County millage rates that are adjusted annually and finalized by October 1st of each year. Disbursement of Funds (Section 6.3 of Incentive Agreement, page 7): AVANTI RESIDENTIAL (500 OCEAN) INCENTIVE CALCULATION WORKSHEET FY 2024-2025 (Tax Year = 2024) Year 6 of 10 *Millage Rates are set annually by the City and County as part of their respective budget processes. Incentive Award = Award Factor X TIF Revenue created by Project T:\DEVELOPMENT\500 Ocean-101 S Fed Hwy\DIFA 2014 LeCesse\DIFA Disbursements\FY 2024-2025 - YR 6 DIFA\TIF Calculation 500 Ocean.xlsx 497 •Attachment I - Purchase and Sale Agreement-225 NE 9th Ave-Fully Executed •Attachment II - Location Map COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CONSENT AGENDA AGENDA ITEM 11.K SUBJECT: Approval of the Second Addendum to the Purchase and Sale Agreement for 225 NE 9th Avenue for an Extension of Time SUMMARY: On November 21, 2024, the CRA Board approved and executed a Purchase and Sale Agreement for a vacant lot located at 225 NE 9th Avenue in the amount of $300,000 (see Attachment I & II). On February 11, 2025, the CRA Board approved an extension of the closing date to before or on April 1, 2025 (see Attachment III). The Seller applied and received a reduction in the code liens on February 19, 2025, and is awaiting the official copy of the code lien reduction. CRA staff and the Seller are requesting another extension of time to close on or before July 1, 2025, in order to have all the necessary documents regarding the lien reduction (see Attachment IV). As a reminder, the property is adjacent to multiple CRA lots which will be used as part of a City/CRA project to extend NE 2nd Street from E. Martin Luther King, Jr. Blvd. (south) to NE 9th Avenue (see Attachment III). The property would help facilitate drainage issues in the area as part of the NE 2nd Street expansion and the Martin Luther King, Jr. Blvd. Streetscape Project. CRA legal has approved the Second Addendum to the Purchase and Sale Agreement for the Board's approval and execution (see Attachment V). FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58200-401 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District CRA BOARD OPTIONS: Approval of the Second Addendum to the Purchase and Sale Agreement for 225 NE 9th Avenue for an Extension of Time. ATTACHMENTS: Description 498 •Attachment III - First Addendum to Purchase and Sale Agreement-Fully Executed •Attachment IV - 3.11.25 Email Agreement to Extend Closing Date-225 NE 9th Ave •Attachment V - Second Addendum to Purchase and Sale Agreement 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 1 Utterback, Theresa Subject:FW: Code Lien Reduction-225 NE 9th Avenue From: Craig Goldberg <flbkr@hotmail.com> Sent: Tuesday, March 11, 2025 5:18 PM To: Utterback, Theresa <UtterbackT@bbfl.us> Subject: Re: Code Lien Reduction-225 NE 9th Avenue Hi Theresa, I've been trying to get an official copy of the code enforcement lien from the City since last week so I can forward it to the Title Co. Spoke to Tanya again today, said she would definitely send today but it's after 5 and I still ZjQcmQRYFpfptBannerStart This Message Is From an External Sender This message came from outside your organization. ZjQcmQRYFpfptBannerEnd Hi Theresa, I've been trying to get an official copy of the code enforcement lien from the City since last week so I can forward it to the Title Co. Spoke to Tanya again today, said she would definitely send today but it's after 5 and I still don't have it. Once received, we can definitely close prior to the end of the month but like I said, I'm still waiting. If we need another extension just in case, that's ok with me. Anything else please let me know. Thanks, Craig From: Utterback, Theresa <UtterbackT@bbfl.us> Sent: Tuesday, March 11, 2025 1:30 PM To: dana@ratitle.net <dana@ratitle.net>; 'Ken Dodge' <kdodge@llw-law.com>; 'Craig Goldberg' <flbkr@hotmail.com> Cc: Tack, Timothy <TackT@bbfl.us>; Hill, Vicki <HillV@bbfl.us>; Curfman, Vicki <CurfmanV@bbfl.us> Subject: RE: Code Lien Reduction-225 NE 9th Avenue Hello Dana & Craig, I would like to place a request for an extension of the closing to on or before July 1, 2025 before the CRA Board at the next meeting which is March 20th. Please send me an email confirmation that you agree. We can always close sooner. I do not want to be out of contract and our next Board meeting is April 8th, 2025. Your immediate response is greatly appreciated as the agenda will be published on the 13 th. 517 2 Thank you, Theresa Theresa Utterback Development Services Manager Boynton Beach Community Redevelopment Agency 100 E. Ocean Ave. | Boynton Beach , Florida 33435 561-600-9094 | 561-737-3258 UtterbackT@bbfl.us | https://www.boyntonbeachcra.com America's Gateway to the Gulfstream Please be advised that Florida has a broad public records law, and all correspondence to me via email may be subject to discl osure. Under Florida law, email addresses are public records. Therefore, your email communication and your email address may be subject to public disclosure 518 01197326-1 DoubleTime® Second Addendum to Purchase and Sale Agreement Re: Seller(s): Southwest Jefferson, Inc. Buyer(s): Boynton Beach Community Redevelopment Agency Property: 225 NE 9th Avenue, Boynton Beach, FL 33435 The parties hereby agree to amend said contract as follows: 1. Paragraph 5 of the Purchase and Sale Agreement is hereby amended to extend the Closing Date to on or before July 1, 2025. Addendum supersedes contract: The provisions of this addendum are made a part of the subject contract and shall supersede, govern and control all contract provisions in conflict therewith. A facsimile ("fax") copy of the Contract or this addendum and any signatures hereon shall be c onsidered for all purposes as originals. This contract and/or addendum may be executed in several counterparts, each of which shall be construed as an original, but all of which shall constitute one instrument. References herein to "Seller" and "Buyer" shall include singular or plural as context so requires or permits. (Seller) Southwest Jefferson, Inc. Print name: ______________________________ Title: ____________________________________ Date: ____________________________________ (Buyer) Boynton Beach Community Redevelopment Agency _________________________________________ By: BBCRA Chair Date: ____________________________________ 519 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CRA ADVISORY BOARD AGENDA ITEM 13.A SUBJECT: Pending Assignments - Assignments from the CRA Board Assigned at the February 13, 2024 and the January 14, 2025 CRA Monthly Board Meetings SUMMARY: On February 13, 2024, the CRA Board approved the following tasks be assigned to the CRA Advisory Board (CRAB): 1. Initiate the steps to revise the 2016 CRA Plan, A. With the first step to review the existing CRA plan, and B. With the end goal to incorporate both the grocery store and public parking as part of that plan. 2. Look for ways that are above and beyond the normal City functions to beautify the area within the CRA district (cannot be in replacement of a normal City function and needs to be above and beyond). 3. Investigate means to get a grocery store in the CRA Heart of Boynton area. 4. Identify potential locations for a Public Parking Garage preferably along Ocean Avenue. 5. Look for available properties for potential acquisition with a focus on commercial properties along the Federal Highway area (ex. vacant properties for commercial use). The CRAB Board finalized their presentation on the 2016 CRA Plan Revision Recommendations together at their January meeting and presented their findings at the January 14, 2025 CRA Board Meeting. At the March 6, 2025 Meeting, the CRAB Board discussed the following two (2) properties: 1. 400 NE 2nd Street (see Attachments I and II) 2. 0 NW 10th Avenue (see Attachments III and IV) While the CRA Board was discussing the CRAB Board's presentation at the January 10, 2025 Meeting, the CRA Board approved the following tasks be assigned to the CRA Advisory Board (CRAB): 1. Investigate specifics including locations for the splash pad in the Cultural District. 2. Continue discussion and research ideas/names for renaming streets. 520 •Attachment I - 400 NE 2nd Street - Crexi.com •Attachment II - 400 NE 2nd Street - PAPA Map •Attachment III - 0 NW 10th Avenue - Zillow •Attachment IV - 0 NW 10th Avenue - PAPA Map 3. Research and investigate opportunities to honor the two (2) Heisman Trophy winners that are from Boynton Beach. Examples include statutes/monuments and street renaming. 4. Recommendations for changing or inclusion of possible historic district or ways to incorporate historic preservation within our CRA Plan. The CRAB Board will discuss the assignments at their meeting on April 3, 2025. FISCAL IMPACT: To be determined. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAB RECOMMENDATION: Property Address Pursue Now as a Land Banking Opportunity Pursue at a Future Date Does Not Fit the CRA Mission 400 NE 2nd Street X 0 NW 10th Avenue X CRA BOARD OPTIONS: To be determined by the CRA Board. ATTACHMENTS: Description 521 w.crexi- Themmeral Estaxchang Details Property Type Multifamily Subtype Apartment Building, Duplex/Triplex/Quadruplex Square Footage 2,750 Year Built 1975 Stories 1 This exceptional duplex in the heart of Boynton Beach o ers an incredible investment opportunity with immediate rental income! Featuring two well-maintained 2 bed, 2 bath units, this property boasts over 2,500 square feet of total living space and sits on a large, fenced lot with no HOA restrictions. Both units are already rented to solid tenants, ensuring a steady cash ow from day one. The interiors have been recently updated with modern kitchens and a shared laundry area with new washer and dryer. Located just minutes from the beach, major highways, top restaurants, and vibrant entertainment, this property combines prime location with strong rental income. Whether you’re looking to expand your portfolio or your rst investment, this duplex is a rare nd with endless possibilities. Powered by Miami Association Of Realtors Learn More Valuation Calculator Address 400 NE 2nd St, Boynton Beach, FL 33435 Show on Map Date Added Feb 13, 2025 Days on Market 14 days Time Since Last Update 10 days Explore more in-depth Comp & Record details for this property. INTELLIGENCE Marketing Description Valuation Calculator Purchase Price * $725,000 Net Operating Income * Enter an Amount Down Payment $725,000 100% Listing Contacts Sophia Allen License: 3340592 Phone Number: Sign Up or Log In to see phone number View my pro le SA Active Asking Price:$725,000 Learn more Opportunity Zone COPPS C W ADD TOCOPPS C W ADD TO BOYNTONBOYNTON MULTIFAMILY View Flyer Submit LOI Request Info Street View Gallery 86 Map View Explore For Sale (/properties)Mu… Subscribe to Intelligence for full access Analyze property details including ownership and nancial history. Share advanced property insights with your clients and teams. Subscribe Now Property Due Diligence 2/27/25, 2:29 PM 400 NE 2nd St, Boynton Beach, FL 33435 | Crexi.com https://www.crexi.com/properties/1792377/florida-copps-c-w-add-to-boynton 1/4522 Loan Amount $0.00 Annual Debt Service $-- $-- Annual Cash Flow $-- $-- Valuation Metrics Login or Sign up to see Valuation Metrics Sign up for Crexi to see valuation metrics for this property DSCR Cap Rate ROI Interest Rate * 0% - 100% Term (years)* Enter a Value Similar PropertiesSee More (/properties/FL/Boynton_Beach/Multifamily) $1,279,900 1853 Service RdNorth Palm B… Multifamily • 5 Units 1853 Service Rd North Palm Beach, FL 33408 EXHIBIT REALTY LLC $575,000 Forest Park Multifamily 141 SE 13th Ave Boynton Beach, FL 33435 SHLIMBAUM REALTY … View Flyer View Flyer Location Insights Listing Contacts Sophia Allen License: 3340592 Phone Number: Sign Up or Log In to see phone number View my pro le SA Active Asking Price:$725,000 Learn more Opportunity Zone COPPS C W ADD TOCOPPS C W ADD TO BOYNTONBOYNTON MULTIFAMILY View Flyer Submit LOI Request Info Street View Gallery 86 Map View For Sale (/properties)Mu…Property Due Diligence 2/27/25, 2:29 PM 400 NE 2nd St, Boynton Beach, FL 33435 | Crexi.com https://www.crexi.com/properties/1792377/florida-copps-c-w-add-to-boynton 2/4523 *All information is deemed reliable but not guaranteed. 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Listing Contacts Sophia Allen License: 3340592 Phone Number: Sign Up or Log In to see phone number View my pro le SA Active Asking Price:$725,000 Learn more Opportunity Zone COPPS C W ADD TOCOPPS C W ADD TO BOYNTONBOYNTON MULTIFAMILY View Flyer Submit LOI Request Info Street View Gallery 86 Map View For Sale (/properties)Mu…Property Due Diligence 2/27/25, 2:29 PM 400 NE 2nd St, Boynton Beach, FL 33435 | Crexi.com https://www.crexi.com/properties/1792377/florida-copps-c-w-add-to-boynton 3/4524 © 2025 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591 Do not sell or share my personal information (https://crexi.bigidprivacy.cloud/consumer/#/o2TCsG9LJ7) Tax Notices (https://www.crexi.com/tax- notices) Licensing (https://www.crexi.com/licensing) Terms & Conditions (https://www.crexi.com/tos) Privacy Policy (https://www.crexi.com/privacy) Listing Contacts Sophia Allen License: 3340592 Phone Number: Sign Up or Log In to see phone number View my pro le SA Active Asking Price:$725,000 Learn more Opportunity Zone COPPS C W ADD TOCOPPS C W ADD TO BOYNTONBOYNTON MULTIFAMILY View Flyer Submit LOI Request Info Street View Gallery 86 Map View For Sale (/properties)Multifamily (/properties/Multifamily)…Property Due Diligence 2/27/25, 2:29 PM 400 NE 2nd St, Boynton Beach, FL 33435 | Crexi.com https://www.crexi.com/properties/1792377/florida-copps-c-w-add-to-boynton 4/4525 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print NASTASIO ANTHONY LOCATION 400 NE 2ND ST MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-21-05-000-0250 SUBDIVISION COPPS C W ADD TO BOYNTON IN BOOK/PAGE 34708/1069 SALE DATE 11/30/2023 MAILING ADDRESS 610 W LAS OLAS BLVD APT 1019 FORT LAUDERDALE FL 33312 7129 USE TYPE OWNERS PROPERTY DETAIL v.1.4a 2/27/25, 3:11 PM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1526 Boynton Beach FL Real Estate & Homes For Sale 1,711 results Sort: Homes for You 3656 Whispering Cypress Lane, Boynton Beach, FL 33435 SUPERIORFLORIDAREALTY.COM INC $750,000 3 bds | 3 ba | 2,094 sqft - Coming soon 121 SE 30th Avenue, Boynton Beach, FL 33435 KELLER WILLIAMS REALTY SERVICES $664,000 3 bds | 2 ba | 1,415 sqft - House for sale 400 NE 2nd St, Boynton Beach, FL 33435 THE REAL ESTATE PROFESSIONALS OF SOUTH FLORIDA, LL $725,000 4 bds | 4 ba | 2,503 sqft - Multi-family home for sale 2 hours ago 17 minutes ago New washer and dryer For Sale Price Beds & Baths Home Type More Save search Boynton Beach, FL Sign In Lot/land See all 3 photos $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 views |8 saves Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Overview Facts & features Market value Payment calculator NeighborhoodBack to search Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/1/16527 7045 Falls Road E, Boynton Beach, FL 33437 UNITED REALTY GROUP, INC $649,000 3 bds | 3 ba | 2,506 sqft - House for sale 21 Stratford Drive #D, Boynton Beach, FL 33436 COLDWELL BANKER REALTY $139,000 2 bds | 2 ba | 1,671 sqft - Condo for sale 418 N Seacrest Boulevard, Boynton Beach, FL 33435 APPLY REALTY LLC $99,900 4,360 sqft lot - Lot / Land for sale $69,500 4 hours ago Updated kitchen 97 days on Zillow Enclosed lanai Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/2/16528 4404 Knight Rd LOT 460, Boynton Beach, FL 33436 TULIP MH SALES 2 bds | 2 ba | 1,100 sqft - Home for sale 306 S Circle Drive S #103, Boynton Beach, FL 33435 THE JARVIS GROUP INC $105,000 2 bds | 2 ba | 1,122 sqft - Condo for sale 896 Sundeck Way #896, Boynton Beach, FL 33436 HOMETOWN AMERICA COMMUNITIES $90,000 2 bds | 2 ba | 1,512 sqft - Home for sale Price cut: $30,000 (2/19) Price cut: $20,000 (2/12) Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/3/16529 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/4/16530 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/5/16531 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/6/16532 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/7/16533 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/8/16534 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/9/16535 Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/10/16536 For Sale:Florida •Palm Beach County •Boynton Beach Find a Home You'll Love to get email alerts when listings hit the market. 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Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 1 2 3 4 5 6 7 Save this search Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/11/16537 Search by Bedroom Size 1 Bedroom Homes for Sale in Boynton Beach FL 2 Bedroom Homes for Sale in Boynton Beach FL 3 Bedroom Homes for Sale in Boynton Beach FL 4 Bedroom Homes for Sale in Boynton Beach FL 5 Bedroom Homes for Sale in Boynton Beach FL Homes by Price Homes for Sale Under 100K in Boynton Beach FL Homes for Sale Under 10K in Boynton Beach FL Homes for Sale Under 150K in Boynton Beach FL Homes for Sale Under 200K in Boynton Beach FL Homes for Sale Under 20K in Boynton Beach FL Homes for Sale Under 250K in Boynton Beach FL Homes for Sale Under 300K in Boynton Beach FL Homes for Sale Under 400K in Boynton Beach FL Homes for Sale Under 50K in Boynton Beach FL Choose Homes by Amenity Boynton Beach Luxury Homes for Sale Boynton Beach Waterfront Homes for Sale Select Property Type Boynton Beach Single Family Homes for Sale Boynton Beach Condos for Sale Boynton Beach Bank Owned Homes for Sale Boynton Beach Short Sales Homes for Sale Boynton Beach Townhomes for Sale Boynton Beach Duplexes & Triplexes for Sale Boynton Beach Land for Sale Popular Searches in Boynton Beach FL Newest Boynton Beach Real Estate Listings Homes for Sale in Boynton Beach FL with 3D Home Virtual Tours Homes for Sale in Boynton Beach FL with Air Conditioning Homes for Sale in Boynton Beach FL with Garage Homes for Sale in Boynton Beach FL with Pool Single Story Homes for Sale in Boynton Beach FL Boynton Beach Housing Market Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/12/16538 Palm Beach County FL Zip Codes Explore Nearby & Average Home Values Nearby Boynton Beach City Homes Boca Raton Homes for Sale $574,779 Lake Worth Beach Homes for Sale $443,754 Boynton Beach Homes for Sale $421,499 Delray Beach Homes for Sale $359,440 Greenacres Homes for Sale $295,924 Palm Springs Homes for Sale $279,343 Highland Beach Homes for Sale $897,230 Royal Palm Estates Homes for Sale $395,372 Lake Belvedere Estates Homes for Sale $458,614 Lake Clarke Shores Homes for Sale $627,112 Hypoluxo Homes for Sale $335,453 Ocean Ridge Homes for Sale $1,465,125 South Palm Beach Homes for Sale $391,492 Golf Homes for Sale $2,856,513 Gulf Stream Homes for Sale $2,589,662 Manalapan Homes for Sale $4,024,925 Glen Ridge Homes for Sale - 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Follow us: © 2006-2025 Zillow Lot/land $120,000 0 NW 10th Avenue,Boynton Beach, FL 33435 -- beds -- baths 6,242 Square Feet Unimproved Land Built in ----6,242 sqft lot $-- Zestimate®$--/sqft $-- HOA What's special 6 days on Zillow |137 |8 Zillow last checked: 3 hours ago Listing updated: February 20, 2025 at 06:59pm Listed by:Joel Sanchez 561-596-1929,Fidelity Realty Advisors Inc Source: BeachesMLS,MLS#: RX-11064506 Originating MLS: Beaches MLS Save Share Hide More 2/27/25, 3:14 PM 0 NW 10th Avenue, Boynton Beach, FL 33435 | MLS #RX-11064506 | Zillow https://www.zillow.com/homedetails/0-NW-10th-Ave-Boynton-Beach-FL-33435/447575501_zpid/16/16542 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print JONES ESTELLA LOCATION NW 10TH AVE MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-21-14-000-2150 SUBDIVISION CHERRY HILLS BOOK/PAGE 09185/0515 SALE DATE 02/01/1995 MAILING ADDRESS 1015 NW 3RD ST BOYNTON BEACH FL 33435 3011 USE TYPE OWNERS PROPERTY DETAIL v.1.4a 2/27/25, 3:17 PM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1543 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 OLD BUSINESS AGENDA ITEM 14.A SUBJECT: Discussion and Consideration of the Preliminary Design for the MLK Entry Feature Park on the CRA-Owned Property Located at 1101 N. Federal Highway - REVISED 03/18/2025 SUMMARY: The property at 1101 N. Federal Highway, Boynton Beach, FL is located at the NW corner of E. Martin Luther King, Jr. Boulevard and N. Federal Highway (see Attachments I-III). The property is within the Federal Highway District and serves as the eastern entry to the Heart of Boynton District on the Martin Luther King Jr. Boulevard Corridor. At the March 21, 2024 meeting, the CRA Board directed staff to hire a consultant to work on conceptual plans for the project (see Attachment IV). On August 8, 2024, the CRA entered into a consultant agreement with AW Architects Inc. to provide consulting architectural services including design, construction documents, bidding assistance (if needed), permitting and construction administration services for an Entry Feature Park. On November 21, 2024, AW Architects presented three conceptual ideas at the CRA's Board meeting (see Attachment V). At the conclusion of the presentation, the Board directed staff to work on soliciting public's input on the three concepts. At the February 11, 2025 meeting, the Board supported the community's overwhelming support of Version 1: "I Dream" (see Attachment VI) and directed staff to work with the consultant towards a preliminary design with the additional elements included: public art installations, doggie waste bags stations, low maintenance landscaping, decorative signage, inclusion of power for holiday lighting installations, and larger native shade trees. Attachment VII is the final preliminary design. Staff is seeking the Board's approval of the preliminary design in order to move forward with construction documents, preliminary construction cost estimates and a preliminary development schedule. Further updates on the project will be provided to the Board as "CRA Projects in Progress" on a monthly basis unless otherwise directed. FISCAL IMPACT: FY 2023-2024 Project Fund 02-58100-203 Professional Services/Architectural Design Assistance; $48,800 544 •Attachment I - Location Map •Attachment II - Pictures of Vacant Lot •Attachment III - Pictures of the Mural •Attachment IV - March 21, 2024 Board Meeting Minutes •Attachment V - AW Architects MLK Entry Feature Presentation •Attachment VI - "I Dream" •Attachment VII - Final Preliminary Design CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District CRA BOARD OPTIONS: To be determined by the CRA Board. ATTACHMENTS: Description 545 546 547 548 549 550 551 552 553 Meeting Minutes CRA Board Meeting Boynton Beach, FL March 21 , 2024 Chair Penserga opened Public Comments. Mark Karageorge stated that Ms. Oliva is qualified and she knew what the job paid when she applied. He commented that he has a problem with overpaying the Board approved a budget stick to it. He noted that Joan is making a step up, Boynton Beach has more TIF money then Lake Worth will ever have. Chair Penserga closed Public Comments. Motion: Board member Kelley moved to approve selecting Joan Oliva as the primary candidate and to direct the Chair and legal counsel to enter into negotiations and bring back an Executive Director Employment Agreement for review at the next available CRA Board meeting for approval. Board Member Hay seconded the motion. The motion passed unanimously. 15. New Business A. Discussion and Consideration of a Gateway Entrance Feature on the CRA owned property located at 1101 N. Federal Highway Mr. Tack gave an overview of a Gateway Entrance Feature on the CRA owned property located at 1101 N. Federal Highway. Board Member Hay inquired if the Unity Board has finalized the mural that will go on the wall. Mr. Tack replied that the final decision will go before the City Commission either April 2nd or April 16th, he did not know the exact date. Board Member Hay commented that it would make sense to put the mural depicting MLK on MLK Boulevard. Mr. Tack stated that the City Commission will be making the decision on what mural is going to go where. Ms. Rossmell commented that the Board is getting into City business and she prefers that the Board does not discuss the City side of the decision-making process. 10 554 Meeting Minutes CRA Board Meeting Boynton Beach, FL March 21, 2024 Board Member Kelley stated that is a great opportunity to activate that corner and that she supports staff in wanting direction on what to do on that corner. She noted that she did like the idea of a seating area and that there is a location in the City there is a painted art bench which is art and functional. Mr. Tack stated that he not familiar with this bench and asked where is it located. Board Member Kelley replied that the bench is located at Congress and Boynton Beach Boulevard. Mr. Tack stated he take a look at the bench and see if it can be incorporated. He commented that he did not extenuate that in addition to the lighting there will be power so the area can be decorated during the holiday festivities. Chair Penserga noted that he fully supports this and direct staff to hire who they need to put together a conceptual plan and then decide on what should be done. Board Member Hay commented that he concurs with Chair Penserga. He noted that benches have been removed from areas in the City because it presented a problem. B. Discussion and Consideration of Purchase of 1022 North Federal Highway Mr. Tack provided an overview of the Purchase of 1022 North Federal Highway. Board Member Kelley noted that it was a great opportunity and that she supports the purchase. Board Member Hay commented that he agreed with Board Member Kelley. He stated that he is looking down the road to make this intersection equal to or even great then the intersection at Ocean and Federal. Chair Penserga opened Public Comments. Mark Karageorge stated the owner has been trying to sell the property for over a year and a half. He commented that the Board should pay appraised value and nothing more. He noted that it is a great acquisition it makes sense and the Board has control was it is acquired. No one came forward. Chair Penserga closed Public Comments. 11 555 ARCHITECTURE PLANNING INTERIOR DESIGN MLK ENTRY FEATURE 1101 N. FEDERAL HWY, BOYNTON BEACH, FL 556 EXISTING CONDITIONS - SW CORNER 557 EXISTING CONDITIONS - AERIAL TOP NE 10TH AVEN FEDERAL HWY 558 VERSION 1 THE "I DREAM" MLK ENTRY FEATURE The "I Dream" MLK Entry Feature invites pedestrians/residents of the community to share in the inspiration of Martin Luther King Jr .'s dream of coming together. The entry feature will revitalize the intersection of N. Federal Hwy. and E. MLK Jr. Blvd., bringing people of all ages and color into the dream. The featured artwork can be viewed as pedestrians walk through the entry feature which has garden areas and stone pebble seating sprinkled throughout. At the center and apex of the path is the “EYE,” which offers optimal viewing of the art wall. The “EYE” is a reference to MLK Jr.'s "I Have a Dream" quote, and the seating within the "EYE" are inscribed with the words "Dream," "Love," "Hope," "Unify," and "Believe." The stage area at the feature wall can be used for future events/ performances. There is also a wall that buffers the impact of passing trains, adding a sense of security for those that are occupying the entry feature. In the center of the "EYE,” an inscription on the ground reads, “Be the peace you wish to see in the world.” The objective of this entry feature is to inspire the community through self-realization of inner beauty. 559 V1 - TOP VIEW 560 BLOCK A LOT 2 (OCCUPIED) ONE STORY CBS BLDG.97°37'30"N FEDERAL HWY/ DIXIE HWYU.S. HIGHWAY N0. 1 (A/K/A STATE ROAD 5)100' R/W(ROAD PLAT BOOK 2, PAGE 235 AND ROAD PLATBOOK 3, PAGE 11)NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1102.86' (M&P)44.39' (M&P)92.36' (M&P)33.89' (M&P)44.39' (M&P)33.2'R-O-W 25.0' 25.0' 50'F.E.C. R.R. R-0-W ROAD PLAT BOOK 2 , P A G E 2 , A N D R O A D P L AT BOOK 3, PAGE 1 1 25.0' 17' 17' 17'ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) RAILROAD CROSSING ARM. NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB AND GUTTER TYPE "F" CURB AND GUTTER EPUNKNOW MANHOLE ROBERT E WELLS MEMORIAL AVE. SIGN BARRIED FIBER OPTIC CABLE WARNING POST FIBER OPTIC CABLE HAND HOLE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN OHW H/C DETECTABLE WARNING H/C WARNING PBC TRAFFIC HANDHOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE STORM MANHOLE WF CB BRIKCS PAVERS (TYP.) EP EP H/C DETECTABLE WARNING WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKSEP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 FD N/D LB 995325 ON CONCRETE S/W (ENTIRE S/W LENGTH NOT SHOWN) (SITE B.M.)(LOT 1REMAINDER NOT INCLUDED)BLDG. WALL LINE SCALE: 1/16" = 1'-0"1 PROPOSED SITE PLAN NORTH 561 V1 - SE CORNER 562 V1 - SW CORNER 563 V1 - NIGHT VIEW 564 565 VERSION 2 THE ARC OF JUSTICE ENTRY FEATURE This entry feature is a tribute to Dr. Martin Luther King Jr. centered around his famous quote, “The arc of the moral universe is long, but it bends toward justice.” At the entry feature’s heart is a con- crete arc inscribed with this phrase, leading visitors to a mural of Dr. King. The mural, which also serves as a performance space, is the focal point of the project. Visitors follow a pathway designed to reflect MLK’s fight against segregation. The pavers begin with a single dominant style and gradually blend different colors and patterns as one approaches the mural, symbolizing the journey from segregation to unity. Benches throughout the site feature metal plates with Dr. King’s most iconic quotes, arranged chronologically, guiding visitors through his life’s work and showing along with the pavers the effect his work had in the fight for unity. This entry feature serves as a place of reflection, community, and celebration of Dr. King’s enduring legacy of justice and equality. 566 V2 - TOP VIEW 567 BLOCK A LOT 1 BLOCK A LOT 2 (OCCUPIED)97°37'30"8 2°2 2'3 0"' NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1102.86' (M&P)33.89' (M&P)44.39' (M&P)ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB ANDGUTTER EPUNKNOW MANHOLE ROBERT E WELLS MEMORIAL AVE. SIGN FIBER OPTIC CABLEHAND HOLE GUY WIRE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN H/C DETECTABLE WARNING H/C DETECTABLE WARNING OHW (TYP.) PBC TRAFFIC HANDHOLES PBC TRAFFIC HAND HOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE WATER METER STORM MANHOLE WF CBL=17.25', R=12.00, D=082°22'30" (M&P) BRIKCS PAVERS (TYP.) EP EP H/C DETECTABLE WARNING 33.15'R-O-W 25' 25' 50'F.E.C. R.R. R-0-W ROAD PLAT BOOK 2, PAGE 2, AND ROAD PLAT BOOK 3, PAGE 11 WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKS25' EP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 FD N/D LB 995325 ON CONCRETE S/W(ENTIRE S/W LENGTH NOT SHOWN)(SITE B.M.) (IMPROVEMENTS NOTSHOWN SOUTH OF THE EDGE OF PAVEMENT)(LOT 1REMAINDER NOT INCLUDED)17' 17' 17' BLDG. WALL LINE 10.0 4 NORTH SCALE: 1/16" = 1'-0"1 ARCHITECTURAL SITE PLAN Copy 1 568 V2 - SE CORNER 569 V2 - SW CORNER 570 V2 - NIGHT VIEW 571 572 573 VERSION 3 UNITY ENTRY FEATURE This entry feature embodies Dr. Martin Luther King Jr.’s message of unity. It has three main features: 1.A seating area for reflection where visitors can enjoy the mural. 2.A space for community events like music and speeches. 3.A pedestal for displaying art. These features create a welcoming entryway that connects the community. The pathways naturally lead to the mural, and the three features. A natural buffer serves as a border between the train and the entry feature as well as a butterfly garden of Florida native and drought-resistant flowers. Visi- tors will also find quotes from King’s “I Have A Dream” speech and his address at Spelman College throughout the site. Overall, the entry feature project fosters a warm and unifying atmosphere. 574 V3 - TOP VIEW 575 BLOCK A LOT 1 BLOCK A LOT 2 (OCCUPIED)97°37'30"8 2 ° 2 2 ' 3 0 " ' NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1102.86' (M&P)33.89' (M&P)44.39' (M&P)ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB AND GUTTER EP ROBERT E WELLS MEMORIAL AVE. SIGN FIBER OPTIC CABLE HAND HOLE GUY WIRE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN H/C DETECTABLE WARNING H/C DETECTABLE WARNING OHW (TYP.) PBC TRAFFIC HANDHOLES PBC TRAFFIC HAND HOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE WATER METER WF CB BRIKCS PAVERS (TYP.) EP EP H/C DETECTABLE WARNING 33.15'R-O-W 25' 25' 50'F.E.C. R.R. R-0- W ROAD PLAT BOOK 2 , P A G E 2, AND ROAD PLAT B O O K 3 , PAGE 11 WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKS25' EP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 (LOT 1REMAINDER NOT INCLUDED)17' 17' 17' BLDG. WALL LINE 10.04 NORTH - - SCALE: 1/16" = 1'-0"1 ARCHITECTURAL SITE PLAN 576 V3 - SE CORNER 577 V3 - SW CORNER 578 V3 - NIGHT VIEW 579 580 581 VERSION 1EXISTING VERSION 2 VERSION 3 582 583 584 585 586 BLOCK A LOT 1 BLOCK A LOT 2 (OCCUPIED) ONE STORY CBS BLDG. 8 2 ° 2 2 ' 3 0 " '97°37'30"8 2 ° 2 2 ' 3 0 "N FEDERAL HWY/ DIXIE HWYU.S. HIGHWAY N0. 1 (A/K/A STATE ROAD 5)100' R/W(ROAD PLAT BOOK 2, PAGE 235 AND ROAD PLATBOOK 3, PAGE 11)NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1(IMPROVEMENTS NOT SHOWN SOUTH OF THE EDGE OF PAVEMENT) 102.86' (M&P)44.39' (M&P)92.36' (M&P)33.89' (M&P)44.39' (M&P)33.15'R-O-W 25' 25' 50'F.E.C. R.R. R-0- W ROAD PLAT BOOK 2 , P A G E 2 , A N D R O A D P L A T B O O K 3 , P A G E 11 25' 17' 17' 17'ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) RAILROAD CROSSING ARM. NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB AND GUTTER TYPE "F" CURB AND GUTTER EPUNKNOW MANHOLE ROBERT E WELLS MEMORIAL AVE. SIGN BARRIED FIBER OPTIC CABLE WARNING POST FIBER OPTIC CABLE HAND HOLE GUY WIRE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN OHW H/C DETECTABLE WARNING H/C DETECTABLE WARNING OHW (TYP.) PBC TRAFFIC HANDHOLES PBC TRAFFIC HAND HOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE WATER METER STORM MANHOLE WF CBL=17.25', R=12.00, D=082°22'30" (M&P) EP EP H/C DETECTABLE WARNING WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKSEP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 FD N/D LB 995325 ON CONCRETE S/W (ENTIRE S/W LENGTH NOT SHOWN) (SITE B.M.)(LOT 1REMAINDER NOT INCLUDED)BLDG. WALL LINE BRIKCS PAVERS (TYP.)2021 AW ARCHITECTS, INCORPORATED ALL RIGHTS RESERVED. NO PART OF THESE IDEAS, PLANS OR DESIGNS MAY BE REPRODUCED, COPIED OR UTILIZED GRAPHICALLY IN ANY FORM WHATSOVER WITHOUT THE EXPRESSED WRITTEN CONSENT OF AW ARCHITECTS INCORPORATED AND ITS BOARD OF DIRECTORS.PROJECT NO: DESIGNED BY: DRAWN BY: CHECKED BY:©REVISIONS: SUBMITTALS: FLORIDA LICENSURE: AA26002219 JAMES R. WILLIAMS - AR0017581 DB 24118 DB DB / JW SD SET:08/04/2024 3/18/2025 1:11:38 PMS:\AWProjects\24000\24118\24118_Revit\24118_Model\24118_Current\24118_ProjectContent\24118_Duane\24118_1101N. Federal Hwy1.rvtSD1 PROPOSED SITE PLAN. DD SET 02.14.2024MLK GATEWAY ENTRANCE1101 N. FEDERAL HWY.BOYNTON BEACH, FL 33472SCALE: 1/8" = 1'-0"1 PROPOSED ARCHITECTURAL SITE PLAN NORTH 587 BLOCK A LOT 1 BLOCK A LOT 2 (OCCUPIED) ONE STORY CBS BLDG. 8 2 ° 2 2 ' 3 0 " '97°37'30"8 2 ° 2 2 ' 3 0 "N FEDERAL HWY/ DIXIE HWYU.S. HIGHWAY N0. 1 (A/K/A STATE ROAD 5)100' R/W(ROAD PLAT BOOK 2, PAGE 235 AND ROAD PLATBOOK 3, PAGE 11)NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1(IMPROVEMENTS NOT SHOWN SOUTH OF THE EDGE OF PAVEMENT) 102.86' (M&P)44.39' (M&P)92.36' (M&P)33.89' (M&P)44.39' (M&P)33.15'R-O-W 25' 25' 50'F.E.C. R.R. R-0- W ROAD PLAT BOOK 2 , P A G E 2 , A N D R O A D P L A T B O O K 3 , P A G E 1 1 25' 17' 17' 17'ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) RAILROAD CROSSING ARM. NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB AND GUTTER TYPE "F" CURB AND GUTTER EPUNKNOW MANHOLE ROBERT E WELLS MEMORIAL AVE. SIGN BARRIED FIBER OPTIC CABLE WARNING POST FIBER OPTIC CABLE HAND HOLE GUY WIRE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN OHW H/C DETECTABLE WARNING H/C DETECTABLE WARNING OHW (TYP.) PBC TRAFFIC HANDHOLES PBC TRAFFIC HAND HOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE WATER METER STORM MANHOLE WF CBL=17.25', R=12.00, D=082°22'30" (M&P) EP EP H/C DETECTABLE WARNING WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKSEP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 FD N/D LB 995325 ON CONCRETE S/W (ENTIRE S/W LENGTH NOT SHOWN) (SITE B.M.)(LOT 1REMAINDER NOT INCLUDED)BLDG. WALL LINE BRIKCS PAVERS (TYP.) BLOCK A LOT 1 BLOCK A LOT 2 (OCCUPIED) ONE STORY CBS BLDG. 8 2 ° 2 2 ' 3 0 " '97°37'30"8 2 ° 2 2 ' 3 0 "N FEDERAL HWY/ DIXIE HWYU.S. HIGHWAY N0. 1 (A/K/A STATE ROAD 5)100' R/W(ROAD PLAT BOOK 2, PAGE 235 AND ROAD PLATBOOK 3, PAGE 11)NE 10TH AVE (ASPHALT PAVEMENT) (MARTIN LUTHER KING JR BLVD.) 66' R/W (ASPHALT PAVEMENT)E LINE LOT 1(IMPROVEMENTS NOT SHOWN SOUTH OF THE EDGE OF PAVEMENT) 102.86' (M&P)44.39' (M&P)92.36' (M&P)33.89' (M&P)44.39' (M&P)33.15'R-O-W 25' 25' 50'F.E.C. R.R. R-0- W ROAD PLAT BOOK 2 , P A G E 2 , A N D R O A D P L A T B O O K 3 , P A G E 1 1 25' 17' 17' 17'ELECTRIC ENERGY CONCRETE LIGHT POLE (TYP.) RAILROAD CROSSING ARM. NO TRESPASSING SIGN. CONC SLAB UNMARKED METAL POLE TYPE "F" CURB AND GUTTER TYPE "F" CURB AND GUTTER EPUNKNOW MANHOLE ROBERT E WELLS MEMORIAL AVE. SIGN BARRIED FIBER OPTIC CABLE WARNING POST FIBER OPTIC CABLE HAND HOLE GUY WIRE ELECTRIC ENERGY WOOD POLE (TYP.) NO TRAIN HORN SIGN OHW H/C DETECTABLE WARNING H/C DETECTABLE WARNING OHW (TYP.) PBC TRAFFIC HANDHOLES PBC TRAFFIC HAND HOLES CROSSWALK SIGNAL LIGHT AND CONTROL FIRE HYDRANT GUY WIRE WATER METER STORM MANHOLE WF CBL=17.25', R=12.00, D=082°22'30" (M&P) EP EP H/C DETECTABLE WARNING WEST LINE OF LAKE ADDITION TO BOYNTON PLAT (P.B. 11, PG. 71)TRAIN TRACKSTRAIN TRACKSEP RECORD EAST 1/4 CORNER OF SECTION 21, TOWNSHIP 45, RANGE 43 (NOT FOUND) EAST LINE OF SECTION 21, TOWNSHIPT 45, RANGE 43 FD N/D LB 995325 ON CONCRETE S/W (ENTIRE S/W LENGTH NOT SHOWN) (SITE B.M.)(LOT 1REMAINDER NOT INCLUDED)BLDG. WALL LINE BRIKCS PAVERS (TYP.) NORTH SEATING AREA SEATING AREA DOGIPOT STATION LIGHT LIGHT LIGHT LIGHT LIGHT LIGHT LIGHT DOGIPOT STATION TRASH CAN TRASH CAN LIGHT LIGHT LIGHT LIGHT LIGHT LIGHT LIGHT NEW DISPLAY WALL MEMORIAL DISPLAY WALL EMERG. COMM. BOX BUFFER ZONELIGHT LIGHT NORTH STONE PAVERS STONE PAVERS DREAM CIRCLE MEMORIAL STONE PAVERS STAGE STONE PAVERS NEW DISPLAY WALL CONC. CONC.ENTRABCE32' - 5 5/8"MONUMENT BUTTERFLY GARDEN GARDEN GARDEN GARDEN GARDEN 8' - 0 3/4"1 0 ' - 0 " . 7 ' - 5 "44' - 7 1/8"8" +/- 102' - 10 1/4" LARGER TREE LARGER TREE RETENSION ZONE RETENSION ZONE EMERG. COMM. BOX 35' - 4 3/4"34' - 8 3/4"SD2 3 BUFFER ZONE12' - 0".ENTRANCE 13' - 7 1/8"1' - 0"2' - 0"10 1/2"1' - 10 1/2"2021 AW ARCHITECTS, INCORPORATED ALL RIGHTS RESERVED. NO PART OF THESE IDEAS, PLANS OR DESIGNS MAY BE REPRODUCED, COPIED OR UTILIZED GRAPHICALLY IN ANY FORM WHATSOVER WITHOUT THE EXPRESSED WRITTEN CONSENT OF AW ARCHITECTS INCORPORATED AND ITS BOARD OF DIRECTORS.PROJECT NO: DESIGNED BY: DRAWN BY: CHECKED BY:©REVISIONS: SUBMITTALS: FLORIDA LICENSURE: AA26002219 JAMES R. WILLIAMS - AR0017581 DB 24118 DB DB / JW SD SET:08/04/2024 3/18/2025 1:11:39 PMS:\AWProjects\24000\24118\24118_Revit\24118_Model\24118_Current\24118_ProjectContent\24118_Duane\24118_1101N. Federal Hwy1.rvtSD2 PROPOSED PLAN DD SET 02.14.2024MLK GATEWAY ENTRANCE1101 N. FEDERAL HWY.BOYNTON BEACH, FL 33472SCALE: 3/16" = 1'-0"1 PROPOSED PLAN SCALE: 3/16" = 1'-0"2 PROPOSED LAYOUT PLAQUES TO BE SECURED INTO CONCRETE CURB AT MEMORIAL STAGE. SCALE:5DOGIPOT PET STATION N.T.S. SCALE:6MEMORIAL PLAQUE N.T.S. SCALE:4FP&L SITE LIGHTING N.T.S. SCALE:3PEBBLE SEATING - GALET I N.T.S. MSA MESA LED MSA-SA4A-740-U-T3-GM (#1003-L) - FOREST GREEN (1003-BLK-L) - BLACK SCALE:0PERMEABLE CONCRETE 588 2021 AW ARCHITECTS, INCORPORATED ALL RIGHTS RESERVED. NO PART OF THESE IDEAS, PLANS OR DESIGNS MAY BE REPRODUCED, COPIED OR UTILIZED GRAPHICALLY IN ANY FORM WHATSOVER WITHOUT THE EXPRESSED WRITTEN CONSENT OF AW ARCHITECTS INCORPORATED AND ITS BOARD OF DIRECTORS.PROJECT NO: DESIGNED BY: DRAWN BY: CHECKED BY:©REVISIONS: SUBMITTALS: FLORIDA LICENSURE: AA26002219 JAMES R. WILLIAMS - AR0017581 DB 24118 DB DB / JW SD SET:08/04/2024 3/18/2025 1:11:40 PMS:\AWProjects\24000\24118\24118_Revit\24118_Model\24118_Current\24118_ProjectContent\24118_Duane\24118_1101N. Federal Hwy1.rvtSD3 SITE DETAILS DD SET 02.14.2024MLK GATEWAY ENTRANCE1101 N. FEDERAL HWY.BOYNTON BEACH, FL 33472SCALE: 12" = 1'-0"1NIGHT VISION IMAGE SCALE:12RED TIP COCOPLUM N.T.S. SCALE:13HAMELIA PATENS - FIREBUSH N.T.S.SCALE:9ILEX CASSINE WINTER N.T.S. SCALE:8HORIZONTAL COCOPLUM N.T.S. SCALE:14GLOSSY SHOWER TREE N.T.S.SCALE:10SABAL PALMETTO - CABBAGE PALM N.T.S.SCALE:6SHORTLEAF WILD COFFEE SCALE:4 ASCLEPIAS INCARNATA - MILKWEED N.T.S.SCALE:2 'RUBY RED' RED PENTAS N.T.S. SCALE:7CLAUSIA GUTTIFERANANA - DWAFT CLUSIA N.T.S.SCALE:5 DIANELLA TASMANICA-BLUEBERRY FLAX LILY N.T.S.SCALE:3 FAKAHATCHEE GRASS N.T.S.SCALE:15CONOCARPUS ERECTUS SERICEUS N.T.S.SCALE:11QUERCUS VIRGINIANA - LIVE OAK N.T.S. 589 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 OLD BUSINESS AGENDA ITEM 14.B SUBJECT: Discussion and Consideration of Lease Amendment between Boynton Beach CRA and Cafe Barista, Inc. d/b/a Hurricane Alley SUMMARY: The CRA purchased the properties located at 511, 515 & 529 East Ocean Avenue (see Attachment I) on December 16, 2021. At the time of the closing Café Barista, Inc. (d/b/a Hurricane Alley) was a tenant with an active lease which was assigned to the CRA (see Attachment II). Hurricane Alley also has an agreement with BB QOZ, LLC's (a/k/a Affiliated Development, LLC) as part of the mixed-use redevelopment project known as The Pierce (see Attachment III). Hurricane Alley's new location includes 3,000+/- square foot of restaurant space with 1,500+/- square foot mezzanine space within The Pierce project. The CRA Board and BB QOZ, LLC have approved all of Hurricane Alley's request for extensions to the lease awaiting the commencement of construction of the project. The new location for Hurricane Alley (The Pierce) was on hold due to pending litigation which affected the project's overall timeline. The litigation has been resolved and the project is currently in the permitting process. The most recent lease extension expired on March 1, 2025 (see Attachment IV). Kim Kelly, owner of Hurricane Alley, has requested a one-year lease extension to March 1, 2026, under the same terms and conditions of the current lease. BB QOZ, LLC was provided with the request for an extension and has approved the request (see Attachment V). Due to the condition of the building and costs associated with ongoing maintenance, the CRA Board may elect to increase the rent. As a standard practice, a typical annual commercial rent increase would be between 3-5%. The monthly base rent $6,477.19 and potential increases would calculate as follows: 3% = $6,781.51 per month ($194.32 increase) 4% = $6,736.28 per month ($259.09 increase) 5% = $6,801.05 per month ($323.86 increase) Attached is a draft lease extension based on Hurricane Alley's request and the increase of the 590 •Attachment I - Location Map •Attachment II - Assignment and Assumption of Leases •Attachment III - Hurricane Alley Lease Agreement with BB QOZ, LLC (a/k/a Affiliated Development, LLC) •Attachment IV - 2024 Lease Amendment •Attachment V - 2025 Hurricane Alley's Request for Lease Extension & BBQOZ's approval •Attachment - Lease Amendment 2025 sales tax (see Attachment VI). Any additional extensions shall be subject to CRA Board approval. This will allow Hurricane Alley to remain operating until the land is transferred to BB QOZ, LLC for the development of The Pierce at which time Hurricane Alley's lease will be assigned BB QOZ, LLC. FISCAL IMPACT: To be determined by the Board. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach CRA Redevelopment Plan CRA BOARD OPTIONS: To be determined by the CRA Board. ATTACHMENTS: Description 591 592 593 ASSIGNMENT AND ASSUMPTION OF LEASES THIS ASSIGNMENT AND ASSUMPTION OF LEASES (hereinal "Assignment")is made and entered into as of the /kS' 2021,by and between 500 OCEAN PROPERTIES,LLC,a Florida limited liability company (hereinafter referred to as "Assignor"),and BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY,a public agency created pursuant to Chapter 163,Part III,of Florida Statutes (hereinafter referred to as "Assignee"),who agree as follows: pr referred to as the day of December, Assignment and Assumption.For good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,Assignor does hereby assign all of Assignor's right,title and Interest as Landlord in,to and under those certain Lease Agreements (together with any and all amendments,modifications and renewals thereto)attached hereto as Exhibit "A"and made a part hereof (hereinafter referred to as the "Lease"),pertaining to the real property described therein (hereinafter referred to as the "Premises"),together with all security deposits,if any,referred to in the Leases.Assignee hereby accepts the foregoing assignment and assumes and agrees to perform the obligations of the Landlord under the Leases to be performed on and following the date hereof. 1. 2.Warranties.Representations and Covenants.Assignor hereby warrants, represents and covenants as follows as to the Leases: The Leases are in full force and effect and have not been modified or amended.(a) Assignor knows of no claims of default by the Tenant under the Leases.(b) Assignor has full power and authority to assign the Leases and the Leases have not been previously assigned or pledged as collateral in connection with any financing of the property. (c) Assignor is unaware of any condition which with the passage of time,the giving of notice,or both,would constitute a default by either Assignor or the Tenant under the Leases. (d) Indemnification.Assignor does hereby agree to defend,indemnify and hold harmless Assignee from any liability,damages,causes of action,expenses and reasonable attorneys'fees incurred by Assignee by reason of the failure of Assignor to have performed and discharged all obligations and liabilities of the Landlord to be performed pursuant to the Leases prior to the date of this Assignment.Assignee does hereby agree to defend,indemnify and hold harmless Assignor from any liability,damages,causes of action,expenses and reasonable attorneys'fees incurred by Assignor by reason of the failure of Assignee to have 3. 01514220-1 594 Assignment and Assumption of Lease Page 2 of 3 performed and discharged all obligations and liabilities of the Landlord to be performed pursuant to the Leases from and after the date of this Assignment. 4.Attorneys'Fees.In the event of any litigation between the parties arising under this Assignment,the prevailing party in such litigation shall be entitled to recover from the non-prevailing party its reasonable attorneys'fees and other legal expenses. 5.Successors and Assigns.This Assignment shall bind and benefit the parties hereto and their respective successors and assigns. 6.Notice to Tenant.Notice of this Assignment may be given by either Assignor or Assignee to the Tenant under the Leases. ASSIGNEE:ASSIGNOR: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY 500 OCEAN PROPERTIES,LLC zjq -g"" YER,III,Managing Member/Steven B.Grant,ChairHARVEYE.O Date:Date: 01384220-1 595 Assignment and Assumption of Lease Page 2 of 3 performed and discharged all obligations and liabilities of the Landlord to be performed pursuant to the Leases from and after the date of this Assignment. Attorneys'Fees.In the event of any litigation between the parties arising under this Assignment,the prevailing party in such litigation shall be entitled to recover from the non-prevailing party its reasonable attorneys'fees and other legal expenses. 4. 5.Successors and Assigns.This Assignment shall bind and benefit the parties hereto and their respective successors and assigns. 6.Notice to Tenant.Notice of this Assignment may be given by either Assignor or Assignee to the Tenant under the Leases. ASSIGNOR:ASSIGNEE: 500 OCEAN PROPERTIES,LLC BOYNTON BEACH COMMUNITY REpEVELO NCY HARVEY E.OYER,HI,Managing Member Steven B.Grant,Chair Date:Date: D 1 584220-1 M 596 Assignment and Assumption of Lease Page 3 of 3 Exhibit "A" Lease Agreements See Attached Leases: Scott Rudderow Freddy Brinley Oyer,Macoviak and Associates Cafe Barista,Inc. Kala Marketing Group Florida Technical Consultants,LLC 01 584220-i 597 SCOTT RUDDEROW APT.#3 598 RENEWAL RESIDENTIAL LEASE AGREEMENT THIS RESIDENTIAL LEASE AGREEMENT ("Lease"!is made effective as of the 15th day of November 2017,between 500 OCEAN PROPERTIES.LLC,a Florida limited liability company,whose mailing address is 511 East Ocean Avenue,Boynton Beach,Florida 33435 ("LANDLORD")and SCOTT RUDDEROW ("TENANT'),whose address shall be the address of the "Property"described below. WITNESSETH: That LANDLORD,tor and in consideration of the covenants,agreements and conditions herein contained,on the part of TENANT to be kept and performed,does hereby lease to TENANT,and TENANT does hereby lease from LANDLORD,the one bedroom. one bathroom apartment located at 517 1/2 East Ocean Avenue,Apartment No.3,Boynton Beach,Florida 33435 ("Property"). The terms and conditions of this Lease are as follows; TERM.The term of this Lease shall be for one (1)year, commencing on November 15,2017,and unless earlier terminated in accordance with the terms of this Lease,expiring at 12:00 midnight on November 14,2018. 1. 2.RENT. (a)TENANT agrees to pay to LANDLORD in lawful money of the United States each month during the Term of this Lease,the sum of Seven Hundred and No/100 Dollars ($700.00)("Rent").Rent shall be paid at LANDLORD'S address stated above,or at such other place as LANDLORD may specify in writing. (b)In addition to any other rights of LANDLORD hereunder,in the event TENANT shall fail to pay rent or other sums due hereunder on its due date.TENANT shall pay to LANDLORD a late fee in the amount of Twenty and No/100 Dollars for each calendar day that the rent is late beyond the due date.The late fee is not a penalty,but liquidated damages to delfay administrative and related expenses due to such late payment. SECURITY DEPOSIT.Upon execution hereof,TENANT shall pay to LANDLORD:(i)the sum of Seven Hundred and No/100 Dollars ($700.00)as prepaid first month's rent:and (ii)the sum of Seven Hundred and No/100 Dollars ($700.00)as prepaid last month's rente:and (iii)the sume of Seven Hundred and No/100 ($700.00) representing the Security Deposit.This is a total of Two Thousand One Hundred and No/1 00 Dollars ($2 1 00.00) 3. 4.OCCUPANCY AND USE OF THE PREMISES. (a)TENANT shall occupy the Property as a residential apartment for TENANT only.TENANT shall not change,alter or install locks without the prior written consent of LANDLORD. 599 TENANT shall not allow any pets or animals greater than ten (10) pounds 011 the Property without LANDLORD'S prior written consent (which shall be given or denied in LANDLORD'S sole and absolute discretion).If LANDLORD,in its sole and absolute discretion,allows TENANT to have an animal in excess of ten (1 0)pounds on the Property,TENANT shall pay to LANDLORD an additional security deposit of Five Hundred and No/100 Dollars ($500.00)to protect LANDLORD from costs and expenses associated with damage to the Property caused by the animal or cleaning costs resulting from animal being on the Property ("Animal Security Deposit").In addition,TENANT shall obtain a liability insurance policy covering risks associated with owning the animal, with limits of no less than $100,000 per incident,naming LANDLORD as an additional named insured,and requiring thirty (10)days advance written notification to I .ANDI .ORD prior to any modification,termination,or expiration of the liability insurance policy.If LANDLORD determines that TENANT did permit pets or animals on the Property in violation of the foregoing restriction,or if TENANT'S pet has caused damage to.or the need to clean,the Property,such breach shall be considered a material breach entitling LANDLORD to all remedies provided for herein,including but not limited to retention of the Animal Security Deposit and immediate eviction.TENANT hereby acknowledges and agrees that TENANT shall be solely and personally responsible for all loss,costs, damages,or injury caused by TENANT'S pets and shall indemnify LANDLORD and all third parties who suffer loss,cost,injury,or damage as a result of TENANT'S pets being located on the Property, (b) No smoking shall be permitted within the apartment,in the hallways,or common areas at anytime with no exceptions,TENANT acknowledges that each apartment contains a gas stove/oven and that smoking within the apartment,hallways,or common areas by TENANT poses a hazard to all persons in (c) the buildiug. (d)TENANT shall abide by and comply with all reasonable rules and regulations now or hereafter promulgated by LANDLORD and all ordinances and laws of all governmental entities,whether federal,state or local,having jurisdiction in the matter. TENANT shall neither permit not commit,whether with or without knowledge or consent, any immoral,improper or unlawful practice or act in or upon the Property.TENANT agrees not to make,nor permit to be made,any disturbance,noise or annoyance of any kind which is detrimental to the Property.TENANT shall not,in any manner,alter,damage or deface the Property. Provided that TENANT abides by all terms,obligations,and covenants of this Lease,TENANT shall enjoy quiet and peaceful possession of the Property during the Term. (e) UTILITIES.5. (a)During the Term,LANDLORD shall pay the cost of water and sewer service,garbage service,gas service,and quarterly pest control.During the Term, TENANT agrees to pay all utility charges for electricity,telephone,television/internet,and 600 any other utilities or services used at the Property,including all installation and activation fees and any deposits required by such utility providers. (b)Except in the instance of LANDLORD'S negligence,LANDLORD shall not be liable to TENANT in the event any utility services are interrupted or become unavailable,for any reason whatsoever,and such interruption or unavailability shall not constitute actual or constructive eviction,nor be deemed an interference with TENANT'S occupancy ofthe Property,nor shall Rent he abated during any such period of interruption or unavailability. MAINTENANCE AND REPAIRS:HURRICANE PROTECTION:6. SURRENDER OF PROPERTY:AND INSURANCE. (a)TENANT shall,at its sole expense,keep and maintain the Property in good,clean and sanitary condition and repair during the Term of this Lease.Except for repairs due to TENANT'S misuse,waste,or neglect or that of TEN ANT's family members, agents or visitors,the LANDLORD will be responsible for the repair and replacement of the roof,air conditioning system,and appliances. (b)TENANT shall not drain,nor permit the drainage of,grease into the toilets or sinks. (c)In the event of a hurricane watch or hurricane warning,TENANT shall use reasonable efforts to secure the Property against damage. (d)LANDLORD shall engage a professional pest control contractor to provide calendar quarterly pest control service. (e)TENANT shall,at the end of the Lease term,surrender and deliver to LANDLORD the Property,without demand,"broom clean"and in the same condition as it existed on the commencement date hereof,reasonable wear and tear excepted. During the Term,TENANT shall provide,at TENANT'S expense, any insurance that TENANT desires to insure TENANT'S personal property located at the Property.Under no circumstance shall LANDLORD be responsible or liable for TENANT'S personal property located at the Property. (f) NO ADDITIONS OR ALTERATIONS.7. TENANT shall not make any additions,changes or alterations in and upon the Property (including,without limitation,painting of portions of the Property) of any nature whatsoever without the prior written consent of LANDLORD,which consent may be given or withheld in LANDLORD'S sole discretion.LANDLORD may remove or change,at TENANT'S cost and expense,any addition,change or alteration made by TENANT without LANDLORD'S consent,the charge for which shall be paid by TENANT upon demand.TENANT shall not permit or install nails,screws or adhesive hangers except standard picture hooks;and no nails,screws or hangers may be placed in walls, woodwork or any part of the Property. (a) 601 (b)No personal property,appliances or fixtures shall be removed by TENANT without the prior written consent of LANDLORD.LANDLORD'S interest in the Property shall not be subject to mechanics'or other liens for improvements made by TENANT nor for services,labor or materials performed at TENANT'S request. (c)If any lien is filed against the Property for improvements or work claimed to have been done or for materials claimed to have been furnished to TENANT, the lien shall be discharged by TENANT within ten (10)days thereafter,at TENANT'S expense,and TENANT shall indemnify LANDLORD for any loss,cost,or expense incurred by LANDLORD as a result of TENANT'S violation of this provision.The foregoing indemnification shall survive termination or expiration of this Lease. DESTRUCTION BY CASUALTY.In the event the Property or any8. portion thereof may be rendered untenantable by reason of fire,explosion or any other casualty,LANDLORD,at LANDLORD'S option,may either repair the Property to make the same tenantable within sixty (60)days thereafter,or terminate this Lease.In such event,LANDLORD shall give TENANT ten (1 0)days"notice in writing of LANDLORD'S intention to repair or terminate this Lease.If LANDLORD elects to repair the damaged Property.LANDLORD shall proceed with due diligence and TENANTS Rent for that period of time during which the Property is or remains untenantable shall be abated or apportioned. PROPERTY LOSS.DAMAGE AND INDEMNIFICATION.9. The taking of possession of the Property by TENANT shall be conclusive evidence that the Property is in all respects in good and satisfactory condition and acceptable to TENANT.LANDLORD shall not be liable to TENANT,TENANT'S family members,agents,licensees or invitees,for damage to persons or property caused by any individual or entity.LANDLORD shall not be liable for any patent or latent defects in the Property. (a) LANDLORD shall not be liable for the presence of bugs,vermin or insects in the Property.TENANT hereby releases LANDLORD from any and all claims for loss,damage or injury of any nature whatsoever to person or property,including (without limitation)damage caused by theft,vandalism,water,smoke,fire or other causes, or resulting in any way from or in any fashion arising from or connected with the occupancy or use of the Property. (b) TENANT further agrees to hold LANDLORD harmless and to indemnify LANDLORD from and against any and all claims,liabilities,actions,causes of action,damages,costs and expenses whatsoever which may arise out of,result from or be attributable to TENANT'S use or occupancy of the Property,or any act or omission thereon (whether by TENANT.TENANT'S family members,agents,employees,licensees or invitees),which indemnification shall include attorneys'fees at trial and appellate levels. The foregoing indemnification shall survive termination or expiration of this Lease. (c) 602 (d)LANDLORD'S insurance does not cover loss or damage to any of TENANT'S personal property or possessions.If TENANT desires insurance coverage for any of TENANT'S personal property or possessions,TENANT shall obtain and pay for any such insurance coverage. ASSIGNMENT OR SUBLEASING.TENANT shall neither sublet10. the Property or any part thereof nor assign (voluntarily or by operation of law)this Lease or any interest therein,nor mortgage nor encumber the Property or this Lease. RIGHT OF ENTRY.LANDLORD shall have the right by or11. through itself or its agents or employees,to enter the Property at all reasonable hours. LANDLORD'S entry'into the Property shall be for the purpose examining it and to,in LANDLORD'S sole discretion,make such repairs and alterations as LANDLORD may deem necessary to insure the orderly and proper maintenance of same.In addition. LANDLORD specifically reserves the right to enter upon the Property at reasonable times after first having informed TENANT of LANDLORD'S intention to do so,for the purpose of showing the Property to prospective:(i)tenants;(ii)purchasers:or (iii)mortgagees. 12.DEFAULT. If TENANT shall fail to pay any installment of Rent or other sums on the due date or if TENANT should fail to keep and perform each and every'one of the terms and conditions of this Lease,then and in any of such events,TENANT will be in default hereunder.If TENANT should become in default hereunder,LANDLORD will have any and all of the rights and remedies which the law of Florida confers upon a landlord against a tenant in default,including,without limitation,the right to:(i)terminate this Lease and sue for unpaid Rent;and/or (ii)accelerate the entire unpaid balance of the Rent for the Term of this Lease and sue for the collection of such Rent;and/or (iii)take possession of the Property (and any and all of TENANT'S personal property therein)and, at LANDLORD'S option,rent the Property for the account of TENANT.In the event that LANDLORD takes possession of the Property,it may remove TENANT'S personal property and store same at the expense of TENANT,without being liable for damages therefor.In the event that LANDLORD takes possession of the Property and relets same for the account of TENANT,LANDLORD shall receive the Rent and other proceeds thereof and apply same first to payment of expenses which LANDLORD may have incurred in connection with taking possession and reletting (including,without limitation, the cost of brokerage,repair,alteration and all other sums)and apply any remaining Rent or proceedings to payment of Rent and other sums due hereunder and TENANT shall remain liable for any deficiency.If at the time of any default by TENANT there remains any unrefunded balance of the Security,then LANDLORD may retain the Security without the fact of such retention of the Security altering or limiting the right to immediate possession of the Property by LANDLORD or any other rights of LANDLORD in law or in equity.In the event TENANT shall fail to vacate the Property as and when required hereunder.TENANT shall be deemed a tenant at sufferance and.in addition to any other rights and remedies accorded to LANDLORD,TENANT shall be charged,for each day during its occupancy,an amount equal to 250%of the rental amount which was due hereunder immediately prior to such holdover occupancy. (o) 603 If,by reason of a default hereunder,a party employs an attorney to enforce or otherwise protect its rights hereunder and such party prevails in litigation resulting from the default,the non-prevailing party will owe and will pay the prevailing party's reasonable attorneys'fees (including fees at trial and appellate levels) and costs and expenses. (b) APPLIANCES AND AIR CONDITIONING.All fixtures and appliances at the Property are supplied by LANDLORD for the Term of this Lease and are owned by LANDLORD. 13. SUBORDINATION.This Lease is subject and subordinate to all ground or underlying leases,encumbrances,mortgages and other matters which may now or hereafter affect or become a lien upon the Property (or any portion thereof)and to any renewals,modifications,amendments,replacements or extensions thereof.TENANT shall execute any and all instruments as LANDLORD may request in order to effectuate or confirm the foregoing subordination and TENANT hereby irrevocably appoints LANDLORD as TENANT'S attorney-in-fact to execute any and all such instruments. 14. CUMULATIVE REMEDIES:LAWS:NOTICES:INVALIDITY: WAIVER:SURRENDER:ENTIRE AGREEMENT:SUCCESSORS AND ASSIGNS. 15. All rights and remedies herein created for the benefit of LANDLORD are cumulative and resort to any one remedy shall not be construed to be an election of remedies on the part of LANDLORD or to exclude or prevent LANDLORD'S resort to any other remedy in this Lease.This Lease shall be construed in accordance with Florida law.All notices shall be hand-delivered or mailed by certified mail,return receipt requested,to LANDLORD at the uddress for payment of Rent and to TENANT (after the date of commencement of the Term of this Lease)at the property address.Notices to TENANT mailed in accordance with the terms hereof shall be deemed given when mailed;however,notices to LANDLORD shall be deemed received only upon actual receipt.Notices to TENANT may be effectuated by personally serving same on TENANT,any member of TENANTS family or any agent of TENANT found at or upon the Property.If any part or provision of this Lease is deemed by a court of competent jurisdiction to be invalid or unenforceable,such invalidity or unenforceability shall not affect the remaining provisions,all of which shall remain in full force and effect.No act or thing done by LANDLORD shall be deemed an acceptance of a surrender of the Property or this Lease,and no agreement to accept the Property and surrender the Lease shall be valid unless in writing signed by LANDLORD.Delivery of keys to LANDLORD or its agent shall not operate as a termination of this Lease or a surrender of the Property.The failure of LANDLORD to insist upon the strict performance of any provision of this Lease shall not constitute a waiver of any subsequent act or failure of performance.Receipt of Rent by LANDLORD with knowledge of breach of any provision of this Lease shall not be deemed a waiver of such breach.No provision of this Lease shall be deemed to have been waived by LANDLORD unless such waiver shall be in writing signed by LANDLORD and no payment of Kent of a lesser amount than that due,nor any endorsement or statement on a check,shall be deemed an accord and satisfaction and LANDLORD may accept such check or payment without prejudice to its right to recover any unpaid rent or other sums,or to pursue any remedy provided in this Lease.This Lease contains the entire agreement between the parties with respect to the 604 IN WITNESS WHEREOF,the parties hereto have executed this Lease on the date and year first above written. LANDLORD:WITNESSES: 500 Ocean Properties,LLC c&oA o CWMn x ^Of°<QaA) By:Christian Macovialc,its Managing Member TENANT: "SrorV jrV\* Scott Ktirlrlerow (%0Phone Email [I .CQoi ^AMAidTXA 1^UcU»Coa>Emergency Contact (Jb 0 to I -So& 605 subject matter and supersedes any prior or oral agreements or understandings.All promises,covenants and agreements set forth in this Lease shall be binding upon and inure to the benefit of the parties hereto,and (to the extent permitted)their respective heirs, personal representatives,successors and assigns. 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 requirements have been found in buildings in Florida.Additional information regarding radon and radon testing may be obtained from your county public health unit. 16. [SIGNATURES CONTAINED ON FOLLOWING PAGES] 606 Renewal lease Agreement June 24,2021 500 Ocean Properties,LLC and Scott Rudderow ("tenant")agree to renew lease on said premises know as 517 34 E Ocean Ave Apt #3,Boynton Beach,EL 33435,original lease dated 15th day of November 2018. For good consideration 500 Ocean Properties,LLC and Scott Rudderow ("tenant")agrees to extend the said lease for a period of six-months,starting date of 15th day of July 2021 and terminating on the 14th day of January 2022.The parties agree that no further right of renewal or extension shall exist beyond the termination date indicated above unless both parties agree to another lease extension agreement. Rent will increase to $745.00 (seven hundred forty five). All other lease terms shall remain unchanged and continue during the lease extension period as is set forth herin. This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. La. Wa/fansnt a V^i 1 --21LandlordDate. 0/1V1 a Date.Tenant — 607 FREDDY BRINLEY APT.#5 608 RENEWAL RESIDENTIAL LEASE AGREEMENT THIS RESIDENTIAL LEASE AGREEMENT ("Lease")is made effective as of the 6th day of January 2019,between 500 OCEAN PROPERTIES,LLC,a Florida limited liability company,whose mailing address is 511 East Ocean Avenue,Boynton Beach, Florida 33435 ("LANDLORD")and FREDDIE BRINLEY ("TENANT"),whose address shall be the address of the "Property"described below. WITNESSETH; That LANDLORD,for and in consideration of the covenants,agreements and conditions herein contained,on the part of TENANT to be kept and performed,does hereby lease to TENANT,and TENANT does hereby lease from LANDLORD,the onebedroom, one bathroom apartment located at 5 1 7 1/2 East Ocean Avenue,Apartment NopJpoynton . Beach,Florida 33435 ("Property"). The terms and conditions of this Lease are as follows: The term of this Lease shall be for one (1)year, commencing on January 6,201 9,and unless earlier terminated in accordance with the terms of this Lease,expiring at 12:00 midnight on January 2,2020 RENT. - TERM.1. 2. 7., (a)TENANT agrees to pay to LANDLORD in lawful money of the United States each month during the Term of this Lease,the sum of Nine Hundred Fifty and No/100 Dollars ($950.00)("Rent").Rent shall be paid at LANDLORD'S address stated above,or at such other place as LANDLORD may specify in writing. (b)In addition to any other rights of LANDLORD hereunder,in the event TENANT shall fail to pay rent or other sums due hereunder on its due date,TENANT shall pay to LANDLORD a late fee in the amount of Twenty and No/100 Dollars for each calendar day that the rent is late beyond the due date.The late fee is not a penalty,but . liquidated damages to defray administrative and related expenses due to such late payment. SECURITY DEPOSIT.Upon execution hereof,TENANT shall pay to LANDLORD:(i)the sum of Nine Hundred Fifty and No/100 Dollars ($950.00)as prepaid first month's rent:and (ii)the sum of Nine Hundred Fifty and No/100 Dollars ($950.00)as prepaid last month's rent:and (iii)the sum of Nine Hundred Fifty and No/100 ($950.00)representing the Security Deposit.This is a total of Two Thousand Eight Hundred Fifty and No/100 Dollars ($2850.00) OCCUPANCY AND USE OF THE PREMISES. 3. 4. (a)TENANT shall occupy the Property as a residential apartment for TENANT only.TENANT shall not change,alter or install locks without the prior written consent of LANDLORD. 609 TENANT shall not allow any pets or animals greater than ten (10) pounds on the Property without LANDLORD'S prior written consent (which shall be given or denied in LANDLORD'S sole and absolute discretion).If LANDLORD,in its sole and absolute discretion,allows TENANT to have an animal in excess of ten (10)pounds on the Property,TENANT shall pay to LANDLORD an additional security deposit of Five Hundred and No/100 Dollars ($500.00)to protect LANDLORD from costs and expenses associated with damage to the Property caused by the animal or cleaning costs resulting from animal being on the Property ("Animal Security Deposit").In addition,TENANT shall obtain a liability insurance policy covering risks associated with owning the animal, with limits of no less than $100,000 per incident,naming LANDLORD as an additional named insured,and requiring thirty (30)days advance written notification to LANDLORD prior to any modification,termination,or expiration of the liability insurance policy.If LANDLORD determines that TENANT did permit pets or animals on the Property in violation of the foregoing restriction,or if TENANT'S pet has caused damage to,or the need to clean,the Property,such breach shall be considered a material breach entitling LANDLORD to all remedies provided for herein,including but not limited to retention of the Animal Security Deposit and immediate eviction.TENANT hereby acknowledges and agrees that TENANT shall be solely and personally responsible for all loss,costs, damages,or injury caused by TENANT'S pets and shall indemnify LANDLORD and all third parties who suffer loss,cost,injury,or damage as a result of TENANT'S pets being located on the Property. (b) No smoking shall be permitted within the apartment in the hallways,or common areas at anytime with no exceptions.TENANT acknowledges that each apartment contains a gas stove/oven and that smoking within the apartment hallways,or common areas bv TENANT poses a hazard to all persons In (c) the building. (d)TENANT shall abide by and comply with all reasonable rules and regulations now or hereafter promulgated by LANDLORD and all ordinances and laws of all governmental entities,whether federal,state or local,having jurisdiction in the matter. TENANT shall neither permit not commit,whether with or without knowledge or consent, any immoral,improper or unlawful practice or act in or upon the Property.TENANT agrees not to make,nor permit to be made,any disturbance,noise or annoyance of any kind which is detrimental to the Property.TENANT shall not,in any manner,alter,damage or deface the Property. Provided that TENANT abides by all terms,obligations,and covenants of this Lease,TENANT shall enjoy quiet and peaceful possession of the Property during the Term. (e) 5.UTILITIES. (a)During the Term,LANDLORD shall pay the cost of water and sewer service,garbage service,gas service,and quarterly pest control.During the Term, TENANT agrees to pay all utility charges for electricity,telephone,television/internet,and 610 any other utilities or services used at the Property,including all installation and activation fees and any deposits required by such utility providers. (b)Except in the instance of LANDLORD'S negligence,LANDLORD shall not be liable to TENANT in the event any utility services are interrupted or become unavailable,for any reason whatsoever,and such interruption or unavailability shall not constitute actual or constructive eviction,nor be deemed an interference with TENANT'S occupancy of the Property,nor shall Rent be abated during any such period of interruption or unavailability. MAINTENANCE AND REPAIRS:HURRICANE PROTECTION: SURRENDER OF PROPERTY:AND INSURANCE. 6. (a)TENANT shall,at its sole expense,keep and maintain the Property in good,clean and sanitary condition and repair during the Term of this Lease.Except for repairs due to TENANT'S misuse,waste,or neglect or that of TENANT'S family members, agents or visitors,the LANDLORD will be responsible for the repair and replacement of the roof,air conditioning system,and appliances. (b)TENANT shall not drain,nor permit the drainage of,grease into the toilets or sinks. (c)In the event of a hurricane watch or hurricane warning,TENANT shall use reasonable efforts to secure the Property against damage. (d)LANDLORD shall engage a professional pest control contractor to provide calendar quarterly pest control service. (e)TENANT shall,at the end of the Lease term,surrender and deliver to LANDLORD the Property,without demand,"broom clean"and in the same condition as it existed on the commencement date hereof,reasonable wear and tear excepted. (f)During the Term,TENANT shall provide,at TENANT'S expense, any insurance that TENANT desires to insure TENANT'S personal property located at the Property.Under no circumstance shall LANDLORD be responsible or liable for TENANT'S personal property located at the Property. NO ADDITIONS OR ALTERATIONS. (a)TENANT shall not make any additions,changes or alterations in and upon the Property (including,without limitation,painting of portions of the Property) of any nature whatsoever without the prior written consent of LANDLORD,which consent may be given or withheld in LANDLORD'S sole discretion.LANDLORD may remove or change,at TENANT'S cost and expense,any addition,change or alteration made by TENANT without LANDLORD'S consent,the charge for which shall be paid by TENANT upon demand.TENANT shall not permit or install nails,screws or adhesive hangers except standard picture hooks;and no nails,screws or hangers may be placed in walls, woodwork or any part of the Property. 7. 611 (b)No personal property,appliances or fixtures shall be removed by TENANT without the prior written consent of LANDLORD.LANDLORD'S interest in the Property shall not be subject to mechanics'or other liens for improvements made by TENANT nor for services,labor or materials performed at TENANT'S request. (c)If any lien is filed against the Property for improvements or work claimed to have been done or for materials claimed to have been furnished to TENANT, the lien shall be discharged by TENANT within ten (10)days thereafter,at TENANT'S expense,and TENANT shall indemnify LANDLORD for any loss,cost,or expense incurred by LANDLORD as a result of TENANT'S violation of this provision.The foregoing indemnification shall survive termination or expiration of this Lease. DESTRUCTION BY CASUALTY.In the event the Property or any8. portion thereof may be rendered untenantable by reason of fire,explosion or any other casualty,LANDLORD,at LANDLORD'S option,may either repair the Property to make the same tenantable within sixty (60)days thereafter,or terminate this Lease.In such event,LANDLORD shall give TENANT ten (10)days'notice in writing of LANDLORD'S intention to repair or terminate this Lease.If LANDLORD elects to repair the damaged Property,LANDLORD shall proceed with due diligence and TENANT'S Rent for that period of time during which the Property is or remains untenantable shall be abated or apportioned. PROPERTY LOSS.DAMAGE AND INDEMNIFICATION.9. The taking of possession of the Property by TENANT shall be conclusive evidence that the Property is in all respects in good and satisfactory condition and acceptable to TENANT.LANDLORD shall not be liable to TENANT,TENANT'S family members,agents,licensees or invitees,for damage to persons or property caused by any individual or entity.LANDLORD shall not be liable for any patent or latent defects in the Property. (a) LANDLORD shall not be liable for the presence of bugs,vermin or insects in the Property.TENANT hereby releases LANDLORD from any and all claims for loss,damage or injury of any nature whatsoever to person or property,including (without limitation)damage caused by theft,vandalism,water,smoke,fire or other causes, or resulting in any way from or in any fashion arising from or connected with the occupancy or use of the Property. (b) TENANT further agrees to hold LANDLORD harmless and to(c) indemnify LANDLORD from and against any and all claims,liabilities,actions,causes of action,damages,costs and expenses whatsoever which may arise out of,result from or be attributable to TENANTS use or occupancy of the Property,or any act or omission thereon (whether by TENANT,TENANT'S family members,agents,employees,licensees or invitees),which indemnification shall include attorneys'fees at trial and appellate levels. The foregoing indemnification shall survive termination or expiration of this Lease. 612 (d)LANDLORD'S insurance does not cover loss or damage to any of TENANT'S personal property or possessions.If TENANT desires insurance coverage for any of TENANT'S personal property or possessions,TENANT shall obtain and pay for any such insurance coverage. ASSIGNMENT OR SUBLEASING.TENANT shall neither sublet the Property or any part thereof nor assign (voluntarily or by operation of law)this Lease or any interest therein,nor mortgage nor encumber the Property or this Lease. 10. RIGHT OF ENTRY.LANDLORD shall have the right by or11. through itself or its agents or employees,to enter the Property at all reasonable hours. LANDLORD'S entry into the Property shall be for the purpose examining it and to,in LANDLORD'S sole discretion,make such repairs and alterations as LANDLORD may deem necessary to insure the orderly and proper maintenance of same.In addition, LANDLORD specifically reserves the right to enter upon the Property at reasonable times after first having informed TENANT of LANDLORD'S intention to do so,for the purpose of showing the Property to prospective:(i)tenants;(ii)purchasers;or (iii)mortgagees. 12.DEFAULT. If TENANT shall fail to pay any installment of Rent or other sums on the due date or if TENANT should fail to keep and perform each and every one of the terms and conditions of this Lease,then and in any of such events,TENANT will be in default hereunder.If TENANT should become in default hereunder,LANDLORD will have any and all of the rights and remedies which the law of Florida confers upon a landlord against a tenant in default,including,without limitation,the right to:(i)terminate this Lease and sue for unpaid Rent;and/or (ii)accelerate the entire unpaid balance of the Rent for the Term of this Lease and sue for the collection of such Rent;and/or (iii)take possession of the Property (and any and all of TENANT'S personal property therein)and, at LANDLORD'S option,rent the Property for the account of TENANT.In the event that LANDLORD takes possession of the Property,it may remove TENANTS personal property and store same at the expense of TENANT,without being liable for damages therefor.In the event that LANDLORD takes possession of the Property and relets same for the account of TENANT,LANDLORD shall receive the Rent and other proceeds thereof and apply same first to payment of expenses which LANDLORD may have incurred in connection with taking possession and reletting (including,without limitation, the cost of brokerage,repair,alteration and all other sums)and apply any remaining Rent or proceedings to payment of Rent and other sums due hereunder and TENANT shall remain liable for any deficiency.If at the time of any default by TENANT there remains any unrefiinded balance of the Security,then LANDLORD may retain the Security without the fact of such retention of the Security altering or limiting the right to immediate possession of the Property by LANDLORD or any other rights of LANDLORD in law or in equity.In the event TENANT shall fail to vacate the Property as and when required hereunder,TENANT shall be deemed a tenant at sufferance and,in addition to any other rights and remedies accorded to LANDLORD,TENANT shall be charged,for each day during its occupancy,an amount equal to 250%of the rental amount which was due hereunder immediately prior to such holdover occupancy. (a) 613 If,by reason of a default hereunder,a party employs an attorney to enforce or otherwise protect its rights hereunder and such party prevails in litigation resulting from the default,the non-prevailing party will owe and will pay the prevailing party's reasonable attorneys'fees (including fees at trial and appellate levels) and costs and expenses. (b) APPLIANCES AND AIR CONDITIONING.All fixtures and appliances at the Property are supplied by LANDLORD for the Term of this Lease and are owned by LANDLORD. 13. SUBORDINATION.This Lease is subject and subordinate to all ground or underlying leases,encumbrances,mortgages and other matters which may now or hereafter affect or become a lien upon the Property (or any portion thereof)and to any renewals,modifications,amendments,replacements or extensions thereof.TENANT shall execute any and all instruments as LANDLORD may request in order to effectuate or confirm the foregoing subordination and TENANT hereby irrevocably appoints LANDLORD as TENANT'S attomey-in-fact to execute any and all such instruments. CUMULATIVE REMEDIES:LAWS:NOTICES:INVALIDITY: WAIVER:SURRENDER:ENTIRE AGREEMENT:SUCCESSORS AND ASSIGNS. AH rights and remedies herein created for the benefit of LANDLORD are cumulative and resort to any one remedy shall not be construed to be an election of remedies on the part of LANDLORD or to exclude or prevent LANDLORD'S resort to any other remedy in this Lease.This Lease shall be construed in accordance with Florida law.All notices shall be hand-delivered or mailed by certified mail,return receipt requested,to LANDLORD at the address for payment of Rent and to TENANT (after the date of commencement of the Term of this Lease)at the property address.Notices to TENANT mailed in accordance with the terms hereof shall be deemed given when mailed;however,notices to LANDLORD shall be deemed received only upon actual receipt.Notices to TENANT may be effectuated by personally serving same on TENANT,any member of TENANT'S family or any agent of TENANT found at or upon the Property.If any part or provision of this Lease is deemed by a court of competent jurisdiction to be invalid or unenforceable,such invalidity or unenforceability shall not affect the remaining provisions,all of which shall remain in full force and effect.No act or thing done by LANDLORD shall be deemed an acceptance of a surrender of the Property or this Lease,and no agreement to accept the Property and surrender the Lease shall be valid unless in writing signed by LANDLORD.Delivery of keys to LANDLORD or its agent shall not operate as a termination of this Lease or a surrender of the Property.The failure of LANDLORD to insist upon the strict performance of any provision of this Lease shall not constitute a waiver of any subsequent act or failure of performance.Receipt of Rent by LANDLORD with knowledge of breach of any provision of this Lease shall not be deemed a waiver of such breach.No provision of this Lease shall be deemed to have been waived by LANDLORD unless such waiver shall be in writing signed by LANDLORD and no payment of Rent of a lesser amount than that due,nor any endorsement or statement on a check,shall be deemed an accord and satisfaction and LANDLORD may accept such check or payment without prejudice to its right to recover any unpaid rent or other sums,or to pursue any remedy provided in this Lease.This Lease contains the entire agreement between the parties with respect to the 14. 15. 614 subject matter and supersedes any prior or oral agreements or understandings, promises,covenants and agreements set forth in this Lease shall be binding upon and inure to the benefit of the parties hereto,and (to the extent permitted)their respective heirs, personal representatives,successors and assigns. 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 requirements have been found in buildings in Florida.Additional information regarding radon and radon testing may be obtained from your county public health unit. PARKING.There is parking located behind the building but due to the limited spots,parking is also available on public parking lot and side street parking. Landlord does not guarantee parking directly behind building. All 16. 17. [SIGNATURES CONTAINED ON FOLLOWING PAGES] 615 IN WITNESS WHEREOF,the parties hereto have executed this Lease on the date and year first above written. WITNESSES:LANDLORD: 500 Ocean Properties,LLC <SSa=i By:Christian Macoviak,its Managing Member TENANT: Freddie Briniey a Phone 561-699-7147 Email s U k oca. Emergency Contact ~%8 C>-3 (olCr 616 Lease Extension Agreement June 24,2021 500 Ocean Properties,LLC and Freddie Brinley("tenant")agree to extend lease on said premises know as 517 Yi E Ocean Ave Apt #5,Boynton Beach,FL 33435,original lease dated 6th day of January 2019. For good consideration 500 Ocean Properties,LLC and Freddie Brinley ("tenant")agree to extend the said lease for a period of six-months,starting date of 6th day of July 2021 and terminating on the 5th day of January 2022.The parties agree that no further right of renewal or extension shall exist beyond the termination date indicated above unless both parties agree to another lease extension agreement. During the lease extension period,Freddie Brinley ("tenant")agrees to pay rent in the amount of $1030.00 (one thousand thiry)per month.Payment is to be received by the 6th of each month. All other lease terms shall remain unchanged and continue during the lease extension period as is set forth herin.Per Section 4(c)of the original lease,there is no smoking permittted within the apartment,in the hallways,or common areas at anytime with no exceptions.I will issue an immediate lease termination if this occures.Stairs are part of common area.^y^Initial Per Section 4(a)of the original lease,Tenant shall occupy the Property as a residential apartment for Tenant Onlv.y^Initial You are the only named tenant.Anyone over the age of 18,if residing in the apartment we will need a written request to review to add to lease. This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. Landlord riu,n -Date Date ~J"^"ZCKZ(Tenant 617 OYER,MACOVIAK AND ASSOCIATES 511 &513 E.Ocean Avenue 618 COMMERCIAL LEASE AGREEMENT THIS COMMERCIAL LEASE AGREEMENT ("Lease")is made effective as of the 15th day of October 2019,between 500 OCEAN PROPERTIES,LLC,a Florida limited liability company,whose mailing address is 51 1 East Ocean Avenue,Boynton Beach,Florida 33435 ("LANDLORDS and HARVEY E.OYER JR.,INC.d/b/a OYER,MACOVIAK AND ASSOCIATES ("TENANT"),whose address is 511 East Ocean Avenue,Boynton Beach, Florida 33435. WITNESSETH: That LANDLORD,for and in consideration of the covenants,agreements and conditions herein contained,mi the part of TENANT to be kept and performed,does hereby lease to TENANT,mid TENANT does hereby lease from LANDLORD,the ground floor Office space located at 5 11 and 513 East Ocean Avenue,Boynton Beach,Florida 33435 ("Property"). This Lease replaces any and all prior lease agreements between LANDLORD and TENANT relating to the Property. The tarns and conditions of this Lease are as follows: TERM.The torn of this Lease shall be for three (3)years,commencing on October 15,2019,and unless earlier terminated in accordance with the terms of this Lease, expiring at 12:00 midnight on October 14,2022. RENT. (a)TENANT agrees to pay to LANDLORD,in lawful money of the United States,each month during the Term of this Lease the sum of$4,400 per month plus all applicable sales taxes ("Rent").Rent shall increase three percent (3%)each year of the Term commencing on the first anniversary.Rent shall be due on the 15lh day of each month and shall be paid at LANDLORD'S address stated above,or at such other place as LANDLORD may specify in writing. 1. 2. (b)In addition to any other rights of LANDLORD hereunder,in the event TENANT shall foil to pay rent or other sums due hereunder within five (5)days of its due date, LANDLORD may,at LANDLORD'S option,impose a late charge of 5%of such payment and such charge shall be deemed additional rent hereunder.The late charge is not a penalty,but liquidated damages to defray administrative and related expenses due to such late payment 3.SECURITY DEPOSIT.Due to the long term of the tenancy by TENANT, no security deposit shall be required. OCCUPANCY AND USE OF THE PREMISES. (a)TENANT shall Occupy the Property as a commercial insurance office for 4. TENANT only. WPBDOCS 10129834 2 619 (b)TENANT shall abide by and comply with all reasonable rules and regulations now or hereafter promulgated by LANDLORD and all ordinances and laws of all governmental entities,whether federal,state or local,having jurisdiction in the matter. TENANT shall neither permit not commit,whether with or without knowledge or consent,any immoral,improper or unlawful practice or act in or upon the Property.TENANT agrees not to make,nor permit to be made,any disturbance,noise or annoyance of any kind wliieli is detrimental to the Property.TENANT shall not,in any manner,alter,damage or deface the Property. (c)TENANT shall at all times during the Term maintain an active occupational license/business tax receipt with the City of Boynton Beach and any other applicable governmental entities. Cd)Provided that TENANT abides by all terms,obligations,and covenants of this Lease,TENANT shall enjoy quiet and peaceful possession of the Property during die Term. UTILITIES. (a)During die Term,TENANT shall pay die cost of electric service, television/internet,quarterly pest control,and any other utilities provided to or used at die Property,inducting all installation and activation fees and airy deposits required by such utility providers.LANDLORD shall pay the cost of garbage,water,and sewer services. (b)Except in the instance of LANDLORD'S negligence,LANDLORD shall not be liable to TENANT in the event any utility sendees are interrupted or become unavailable, for any reason whatsoever,and such interruption or unavailability shall not constitute actual or constructive eviction,nor be deemed an interference with TENANT'S occupancy of the Property, nor shall Rent be abated during any such period of interruption or unavailability. 5. MAINTENANCE AND REPAIRS:HURRICANE PROTECTION:6. SURRENDER OF PROPERTY:AND INSURANCE. (a)TENANT shall,at its sole expense,keep and maintain die Property in good,clean and sanitary condition and repair during die Term of this Lease.TENANT shall be responsible for die maintenance ami repair of the building and die HVAC system during die Tom.However,LANDLORD shall be responsible for the replacement of the roof,building struoture,and HVAC system should replacement be necessary. (b)TENANT shall not drain,nor permit the drainage of grease into the toilets or sinks. (c)In the event of a hurricane watch or hurricane warning,TENANT shall use reasonable efforts to secure the Property against damage. (d)TENANT shall engage a professional pest control contractor to provide calendar quarteriy pest control service. WPBDOCS 101298342 620 (e)TENANT shall,at die end of the Lease term,surrender wd deliver to LANDLORD the Property,without demand,"broom clean"and in the same condition as it existed on die commencement date hereof,reasonable wear and tear excepted. (f)During the Term,TENANT shall provide,at TENANTS expense, insurance adequate to insure all of TENANT'S personal property,fixtures,operations,and business interruption for its operations at the Property.TENANT shall also pay for and keep in foil force and effect during the Term,commercial general liability insurance in an amount of not less than SI million per occurrence mid $2 million in the aggregate,naming LANDLORD as an additional named insured.Under no circumstance shall LANDLORD be responsible or liable for TENANTS personal property,fixtures,or operations located at the Property. NO ADDITIONS OR ALTERATIONS. (a)TENANT shall not make any additions,changes or alterations in and upon the Property (other than painting)without the prior written consent of LANDLORD,which consent may be given or withheld in LANDLORD'S reasonable discretion.LANDLORD may remove or change,at TENANTS cost and expense,any addition,change or alteration made by TENANT without LANDLORD'S consent,the charge for which shall be paid by TENANT upon demand. 7. (b)LANDLORD'S interest in the Property shall not be subject to mechanics' or other liens for improvements made by TENANT nor for services,labor or materials performed at TENANTS request. (c)If any lien is filed against the Property for improvements or work claimed to have been done or for materials elaimed to have been furnished to TENANT,the lien shall be discharged by TENANT within ten (10)days thereafter,at TENANT'S expense,and TENANT shall indemnify LANDLORD for any loss,cost,or expense incurred by LANDLORD as a result of TENANT'S violation of this provision.The foregoing indemnification shall survive termination or expiration of this Lease. DESTRUCTION BY CASUALTY.In the event the Property or any portion thereof may be rendered untenantable by reason of fire,explosion or any other casualty, LANDLORD,at LANDLORD'S option,may either repair the Property to make the same tenantahle within sixty (60)days thereafter,or terminate this Lease.In such event,LANDLORD shall give TENANT ten (10)days'notice in writing of LANDLORD'S intention to repair or terminate this Lease.If LANDLORD elects to repair the damaged Property,LANDLORD shall proceed with due diligence and TENANTs Rent for that period of time during which the Property is or remains untenantable shall be abated or apportioned. PROPERTY LOSS.DAMAGE AND INDEMNIFICATION. The taking of possession of the Property by TENANT shall be conclusive evidence that the Property is in all respects in good and satisfoctoiy condition and acceptable to TENANT.LANDLORD shall not be liable to TENANT,TENANTs family members,agents,licensees or invitees,for damage to persons or property caused by any s. 9. (a) WPBDOCS I0I29S34 2 621 individual or entity.LANDLORD shall not be liable for any patent or latent defects in die Property. (b)LANDLORD shall not be liable for the presence of bugs,vermin or insects in the Property.TENANT hereby releases LANDLORD from any and all claims for loss, damage or injury of any nature whatsoever to person or property,including (without limitation) damage caused by theft,vandalism,water,smoke,fire or other causes,or resulting in any way from or in any fashion arising from or connected with the occupancy or use of the Property. (c)TENANT further agrees to hold LANDLORD harmless and to indemnify LANDLORD from and against any and all claims,liabilities,actions,causes of action,damages, costs and expenses whatsoever which may arise out of,result from or be attributable to TENANTS use or occupancy of the Property,or any act or omission thereon (whether by TENANT,TENANTS family members,agents,employees,licensees or invitees),which Indemnification shall include attorneys'fees at trial and appellate levels.The foregoing indemnification shall survive termination or expiration of this Lease. (d)LANDLORD'S insurance does not cover loss or damage to any of TENANTS personal property or possessions.If TENANT desires insurance coverage for any of TENANTS personal property or possessions,TENANT shall obtain and pay for any such insurance coverage. ASSIGNMENT OR SUBLEASING.TENANT shall neither sublet the Property or any part thereof nor assign (voluntarily or by operation of law)this Lease or any interest therein,nor mortgage nor encumber the Property or this Lease. RIGHT OF ENTRY.LANDLORD shall have the right by or through itself or its agents or employees,to enter the Property at all reasonable hours.LANDLORD'S entry into the Property shall be for the purpose examining it and to,in LANDLORD'S sole discretion,make such repairs ami alterations as LANDLORD may deem necessary to insure the orderly and proper maintenance of same.In addition,LANDLORD specifically reserves foe right to enter upon tire Property at reasonable times after first having informed TENANT of LANDLORD'S intention to do so,for the purpose of showing foe Property to prospective:(i) tenants;(11)purchasers;or (lit)mortgagees. DEFAULT. 10. 11. 12. If TENANT shall foil to pay any installment of Rent or other sums on the due date or if TENANT should fail to keep and perform each and every one of foe terms and conditions of this Lease,then and in any of such events,TENANT will be in default hereunder.If TENANT should become in default hereunder,LANDLORD will have any and all of foe rights and remedies which the law of Florida confers upon a landlord against a tenant in default,including,without limitation,the right to:(i)terminate this Lease and sue for unpaid Rent;and/or (ii)accelerate foe entire unpaid balance of the Rent for foe Term of this Lease and sue for the collection of such Rent;and/or (iii)take possession of foe Property (and any and all of TENANTS personal properly therein)and,at LANDLORD'S optical,rent the Property for the account of TENANT.In foe event that LANDLORD takes possession of foe Property,it may (a) WPBDOCS 101298342 622 remove TENANTS personal property and store same at the expense of TENANT,without being liable for damages therefor.In the event that LANDLORD takes possession of the Property and relets same for the account of TENANT,LANDLORD shall receive die Rent and other proceeds thereof and apply same first to payment of expenses which LANDLORD may have incurred in connection with taking possession and reletting (including,without limitation,die cost of brokerage,repair,alteration and all other sums)and apply any remaining Rent or proceeds to payment of Rent and other sums due hereunder and TENANT shall remain liable for any deficiency.If at the time of any default by TENANT there remains any unrefunded balance of the Security,then LANDLORD may retain the Security without the fact of such retention of the Security altering or limiting the right to immediate possession of the Property by LANDLORD or any other rights of LANDLORD in law or in equity.In the event TENANT shall fail to vacate the Property as and when required hereunder,TENANT shall be deemed a tenant at sufferance and,in addition to any other rights and remedies accorded to LANDLORD,TENANT shall be charged,for each day during its occupancy,an amount equal to 250%of the rental amount which was due hereunder immediately prim*to such holdover occupancy. If by reason of a default hereunder,a party employs an attorney to enforce or otherwise protect its rights hereunder and such party prevails in litigation resulting from foe default,the non-prevailing party mil owe and will pay the prevailing party's reasonable attorneys'fees (including foes at trial and appellate levels)and costs and expenses. APPLIANCES AND AIR CONDITIONING.All fixtures and appliances at the Property are supplied by LANDLORD for the Term of this Lease. SUBORDINATION.This Lease is subject and subordinate to all ground or underlying leases,encumbrances,mortgages and other matters which may now or hereafter affect or become a lien upon foe Property (or any portion thereof)and to any renewals, modifications,amendments,replacements or extensions thereof.TENANT shall execute any and all instruments as LANDLORD may request in order to effectuate or confirm the foregoing subordination and TENANT hereby irrevocably appoints LANDLORD as TENANTS attorney- in-fact to execute any and all such instruments. CUMULATIVE REMEDIES.LAWS:NOTICES:INVALIDITY; WAIVER:SURRENDER:ENTIRE AGREEMENT:SUCCESSORS AND ASSIGNS.Ail rights and remedies herein created for foe benefit of LANDLORD are cumulative and resort to any one remedy shall not be construed to be on election of remedies on the part of LANDLORD or to exclude or prevent LANDLORD'S resort to any other remedy in this Lease.This Lease shall be construed in accordance with Florida law.All notices shall be hand-delivered or mailed by certified mail,return receipt requested,to LANDLORD at the address for payment of Rent and to TENANT (after the date of commencement of the Term of this Lease)at the property address.Notices to TENANT mailed in accordance with the terms hereof shall be deemed given when mailed;however,notices to LANDLORD shall be deemed received only upon actual receipt Notices to TENANT may be effectuated by personally serving same on TENANT,any member of TENANTS family or any agent of TENANT found at or upon the Property.If any part or provision of this Lease is deemed by a court of competent jurisdiction to be invalid or unenforceable,such invalidity or unenforceability shall not affect foe remaining provisions,all of which shall remain in foil force arid effect.No act or thing done by LANDLORD shall be (b) 13. 14, 15. WPBDOCS 101298342 623 deemed an acceptance of a surrender of the Property or this Lease,and no agreement to accept the Property and surrender die Lease shall be valid unless in writing signed by LANDLORD. Delivery of keys to LANDLORD or its agent shall not operate as a termination of this Lease or a surrender of the Property,The failure of LANDLORD to insist upon the strict performance of any provision of this Lease shall not constitute a waiver of any subsequent act or failure of performance.Receipt of Rent by LANDLORD with knowledge of breach of any provision of this Lease shall not be deemed a waiver of such breach.No provision of this Lease shall be deemed to have been waived by LANDLORD unless such waive-shall be in writing signed by LANDLORD and no payment of Rent of a lesser amount than that due,nor any endorsement or statement on a check,shall be deemed an accord and satisfaction and LANDLORD may accept such check or payment without prejudice to its right to recover any unpaid rait or other sums,or to pursue any remedy provided in this Lease.This Lease contains the entire agreement between the parties with respect to the subject matter and supersedes any prior or oral agreements or understandings.All promises,covenants and agreements set forth in this Lease shall be binding upon and inure to the benefit of the parties hereto,and (to the extent permitted)their respective heirs,personal representatives,successors and assigns. 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 ova-time.Levels of radon that exceed federal and state requirements have been found in buildings in Florida.Additional information regarding radon and radon testing may be, obtained from your county public health unit. 16 [SIGNATURES CONTAINED ON FOLLOWING PAGES] WPBDOCS 101298342 624 IN WITNESS WHEREOF,the parties hereto have executed this Lease on the date and year first above written. WITNESSES:LANDLORD: 500 Ocean Properties,LLC,a Florida limited liability company By:1 tarvcy I 1.Oyer III,lis Managing Member mmr TENANT: HARVEY E OYER JR.,INC.,a Florida corporation,d/h/a OYER,MACOV1AK AND ASSOCIATES Robert Macoviak,its President WPBDOCS 10129834 2 625 CAFE BARISTA,INC.d/b/a HURRICANE ALLEY 527,529,531 &OFFICE 4 (533 E.OCEAN) 626 BUSINESS LEASE THIS LEASE executed this day of /3 2007.by and between Harvey/bver of 5 1 Seacrest Blvd..Bovnton Beach.FL 33425 .hereinafter called Lessor,and Cafe Barista.Inc.d/b/a Hurricane Alley and Hurricane Alley Eve of Storm.Inc.of 527-531 E.Ocean Avenue.Bovnton Beach.FL 33435 .hereinafter called Lessee, WITNESSETH,THAT:Lessor,in consideration of the covenants and agreements herein contained on the part of the Lessee to be kept and performed,does hereby lease,demise,and let to the Lessee under the Lessor the premises located at 527.529.53 1 E.Ocean Avenue.Bovnton Beach.FL 33435 (see attached Legal Description "Exhibit A")to be occupied as a restaurant and ice cream parlor for a period of 60 months commencing on the 1st day of September .2007 and ending midnight on the 31st day of August agreed aggregate rental of One Hundred Sixty-eight Thousand and NO/1 00 ($1 68.000.001 Dollars +applicable Florida sales tax in lawful money installments of $3.000.00 plus applicable Florida sales tax,due and payable in cash,cashier's check,or money order to Lessor or their assigns on each and every monthly anniversary of the commencement date during the term of this Lease (Except:Lessor agrees to waive all regular rent for the rest of the calendar year of 2007)to be paid at 5 12 S.Seacrest Blvd..Bovnton Beach.FL 33425 .or at such other place as the Lessor may designate in writing.First monthly payment to begin January 1",2008.Lessee shall still be bound by all other terms and conditions of this lease from the date of commencement which is September 1 ,2007. In addition to the rental installment,Lessee agrees to pay Lessor as additional rent within Ave (S)days of rendition of Lessor's bill to Lessee,such costs,fees,and expenses paid or incurred by Lessor for:1)repairs made by Lessor caused by Lessee's misuse;2)fees and expenses,including court costs and reasonable attorney's fees arising in connection with the enforcement of the terms ofthis Lease;and 3)such other expenditures advanced for the account of Lessee by Lessor required to be paid by Lessee under this Lease. This Lease is made upon the following expressed terms and covenants,all and every one of which are material and which the parties covenant and agree to keep and perform: 2012 at an 1)SECURITY DEPOSIT AND AGREEMENT :Lessee shall deposit with Lessor upon the execution of this Lease the sum of $25.00 as security for the prompt payment of the rent and for the full and faithful performance by Lessee of the terms and covenants of this Lease,to be returned to Lessee,without interest,after Lessee has vacated the premises and upon the full performance of the provisions of this Lease.Lessee shall not use the security as rent. If Lessee should fail to perform any obligation imposed by this Lease or by law,or by the condo association, Lessor shall have the right to apply the security deposit against the costs,expenses and damages suffered by Lessor including unpaid rent installments and reasonable attorney's fees.The security deposit shall not be considered liquidated damages. 2)TAXES:Real estate taxes on the premises shall be paid by Lessee.Personal property taxes on personal property of Lessee,if any,shall be paid by Lessee not later than 30 days from when the tax bill first comes out beginning 2007.Since the space being leased by Lessee constitutes approximately 'A of the entire building the parties shall split equally the over all gross tax for the entire building. 3)INSURANCE:Personal property insurance covering Lessee's personal property shall be paid by Lessee. Public liability insurance shall be paid by Lessee (Coverages should be at least as follows:Fire Liability, $100,000.00;Liquor Liability,$1 ,000,000.00;and General Liability,$1,000,000.00/$2,000,000.00).Lessor shall be added to the insurance policy as an additional insured,which policy shall include a waiver of subrogation rights by Lessee's insurance carrier.Lessor may at any time perform such acts as may be required of Lessee hereunder, or advance premiums required to be paid by Lessee,the same thereupon becoming additional rent and immediately due. 4)MAINTENANCE:Maintenance of all plumbing,lighting and appliances,including,but not limited to refrigerator,air conditioning and heating equipment shall be made by and paid by Lessee.Lessee acknowledges that all such appliances have been turned over to Lessee in good working order and that all said appliances shall be returned back to landlord in good working order and that Lessee agrees to maintain the appliances in said condition throughout the term of the lease.Lessee shall forthwith have repair done in a workman like manner at its expense, all damage to the demised premises,or any portion thereof,resulting from the act or negligence of Lessee,its family, servants orguests and only such types of repairs.If Lessee fails to make such repairs,Lessor may,but shall not be obligated to do so,make such repairs,and Lessee shall reimburse Lessor for the cost thereof,without demand,as an additional payment of rent under this Lease.Lessee agrees and acknowledges that it will not install any additional locks on any doors nor will Lessee change any existing locks without first obtaining the Lessor's express Page 1 of 4 627 written permission and providing the Lessor a duplicate key.Lessee shall further make reasonable provisions for and shall pay the cost of extermination services,and shall keep all plumbing and appliances clean,sanitary and in good repdir at its expense. 5)IMPROVEMENTS :Any improvements and repairs made to the premises by the Lessee shall meet all city and state code requirements.All costs of improvements or repairs shall be paid by Lessee. 6)UTILITIES:Telephone bills shall be paid by Lessee.Electric bills and cable television shall be paid by Lessee.Lessee is responsible for making arrangements with the utility companies in Lessee's name,including required deposits,for all utility services to be paid for by Lessee.Lessee will be responsible for sewer,water and garbage and all occupational licenses. 7)COMPLIANCE:The Lessee shall promptly execute and comply with all statutes,ordinances,rules,orders, regulations and requirements of the Federal,State and City Government for the correction,prevention,and abatement of nuisances or other purposes in,upon or connected with said premises during said term.Further, Lessee agrees to comply with all building rules and regulations. Except as specified in any notices to landlord pursuant to section 1 8 of this lease, the Lessee has examined and knows the condition of the premises and acknowledges that they are received in good order and repair;that they are tenantable,and that upon the termination of this Lease in any way,Lessee covenants to yield the premises to Lessor in as good condition as when entered upon by Lessee,ordinary wear and tear expected.Lessee shall remove all trash and debris from the premises and shall leave them in broom clean condition. All appliances shall be cleaned by Lessee and returned to Lessor in good operating condition. 8)PREMISES CONDITION: 9)PETS:Lessee covenants to refrain from keeping any pets upon the premises. 1 0)RIGHT OF ENTRY :Lessor,or its agents shall have the right to enter the premises,upon reasonable notice, at all reasonable hours for the purpose of examining or exhibiting the same;to make any repairs,alterations,or changes on the premises which Lessor may deem fit to make,or to place any sign therein or thereon for sale or rent and to show the same to prospective purchasers or tenants.Lessee shall not inhibit sales efforts of Lessor. However,sale of the property will not terminate this lease during its term. 1 1 )WASTE PROHIBITED:Lessee shall not commit,nor suffer to be committed,any waste upon the premises, the appliances or furnishings,if any;not cause any nuisance or breach of the peace,nor commit or permit to be committed any other act or deed which may disturb the quiet enjoyment of any other person or person's property in the neighborhood. 1 2)ASSIGNMENT AND SUBLETTING:Lessee may not assign this Lease or sublet the premises or any part thereof without the prior written consent of the Lessor.In the event such consent is given,Lessee agrees to pay the Lessor reasonable attorney's fees for the preparation and execution of such documents deemed necessary by the Lessor to be executed in connection with the assignment or subletting. 1 3)LESSOR LIABILITY:Lessee will indemnify and hold Lessor exempt and harmless from any liability,Joss, cost,or obligation on account of any damage or injury to any person,or to the property of any person,arising in any manner from the use or occupation of the premises by the Lessee,its family,employees,servants,and guests and Lessee shall provide thereon insurance for same. 14)OPTIONS UPON DEFAULT:If Lessee shall violate any term or covenant under this Lease,in addition to the relief allowed under Florida Statute,Chapter 83,the Lessor may re-take possession of the premises for the account of Lessee and re-let the same as agent of the Lessee;and the Lessee hereby irrevocably appoints Lessor its lawful attorney-in-fact for this purpose.Lessee shall,in such event,remain liable to Lessor for any deficiency,loss, costs,or damages sustained or incurred during the remainder of the term. 15)ATTORNEY'S FEES AND COSTS:Lessee agrees to pay all costs,fees,expenses,and a reasonable attorney's fees in the event of eviction,enforcement of any term or covenant of this Lease,or for the collection of any unpaid rent,whether suit be brought or not;and the security may serve as a source of such payment. 16)ESTOPPEL STATEMENT:Lessee agrees to execute and deliver to Lessor,within five (5)days of written request,a statement setting forth a)that the Lease is in full force and effect without modification;b)that Lessee has no claim,set-off,or defense to the Lease;c)the amount of the security deposit;and d)the dale through which rent has been paid.Failure to execute and deliver such statement within the time required shall be construed as Lessee's Page 2 of 4 628 representation that the Lease is in good standing without modification and that the Lessee has no claim,set-off,or defense to the Lease. 17)HOLDING OVER-DOUBLE RENT:If Lessee holds over and continues in possession of the premises,or any part thereof,after the expiration of the Lease without Lessor's permission Lessor may recover double the amount of the rent due for each day Lessee holds over and refuses to surrender possession.Such daily rent shall be computed by dividing the rent for the last month of the Lease by fifteen. 18)AS IS:Lessee has inspected the premises and is familiar and satisfied with its present condition.The taking of possession of the premises by Lessee shall be conclusive evidence that the premises were in good and satisfactory condition at the time such possession was taken. .- 19)FURNISHED PREMISES:The premises are rented unfurnished. 20)SUBORDINATION:This Lease is expressly made subject to and subordinate to all mortgages now upon or hereafter placed upon the premises by Lessor.Lessee irrevocably appoints Lessor its attorney-in-fact to execute such instruments as might be deemed expedient by Lessor to evidence implementation of this paragraph. 21)ASSIGNMENT:The Lessee shall not assign,mortgage,or encumber this Lease,nor sublet or permit the leased property or any part thereof to be used by others without the prior written approval of the condominium association. 22)NON-DISTURBANCE:The Lessee agrees not to use the demised premises,or any part thereof,or permit the same to be used for any illegal,immoral or improper purposes;not to make,or permit to be made,any disturbance,noise or annoyance whatsoever detrimental to the premises or the comfort and peace of the inhabitants of the vicinity of the demised premises. 23)INSPECTIONS:Lessee acknowledges that the Lessor shall have the right to make inspection of the premises at any reasonable hour. 24)NOTICES:Any notice required to be given shall be made by Certified Mail,Return Receipt Requested, mailed to the last known address of the party to be notified. 25)PERSONS BOUND:This Lease shall be biding upon and inure to the benefit of the parties and their respective heirs,personal representatives,successors,and permitted assigns. 26)FLORIDA LAV/-.All parties agree that this Lease shall be construed for all purposes under the Jaws of the State of Florida. 27)TIME:Time is of the essence in this Lease. 28)COMPLETE AGREEMENT:This Lease constitutes the complete agreement and understanding between Lessor and Lessee,and no future agreement,understanding,or modification of this Lease shall be valid,binding, or enforceable against either party unless reduced to writing signed by Lessor and Lessee. 29)RECEIPT OF FUNDS:Lessor acknowledges that it has,or its agent has received the sum of £3.220,00 subject to check clearance,applied as follows:Security Deposit:$25.00 :First Month's Rent:$3.0Q0.00 + £195.00 State Sales Tax:Last Month's Rent:£-0-. 30)SPECIAL PROVISIONS:There shall be a 10%late fee for any rent payment more than 5 days overdue. The lessees shall have the option to renew for an additional five (5)years at the original rate.There shall be a CPI adjustment to the rent which shall be limited both upward and downward by 5%for the five renewal years.Lessee shall have right of 1st refusal if Lessor should decide to sell property.Specifically,Lessor shall give Lessee five (5)days notice before placing property on market and Lessee shall have four (4)days thereafter to accept terms being offered. i 31)HURRICANE SHUDDERS:Lessee shall be responsible for boarding up the windows and doors on the premises covered in this lease. Page 3 of 4 629 : IN WITNESS WHEREOF,the Lessor and Lessee have hereunto set their hands the day and year first above written. .Signed,sealed and delivered in the presence of: WITNESS (17- LESSOR:.HARVEY^YE ft7/. WITNESS /D ILLl\ £1 WITNI^ _SL VfdA>/ LES:KELLY, CAFfi BARISTA,INC. esident of /a HURRICANE ALLEY 'ITNESS 1 -T^*\/E'k "7 /v-»<--L -Lt LESSEE:KIM KELLY,lYesidcnt of HURRICANE ALLEY EYE OF STORM,INC. WITNESS pottle\tLs WITNESS Prepared by:MARTIN LAVAGE &HILEMAN,P.A.,1200 S.FEDERAL HIGHWAY,SUITE #201 BOYNTON BEACH,FL 33435 -PHONE:561-736-2888 FAX:561-736-9612 Page 4 of 4 630 LEASE AMENDMENT THIS LEASE AMENDMENT ("Amendment")is entered into effective as of the 1st day of January 2011 ("Effective Date")between HARVEY E.OYER in,AS PERSONAL REPRESENTATIVE OF THE ESTATE OF HARVEY E.OYER,JR.("Lessor"),having an address of 51 1 East Ocean Avenue,Boynton Beach,Florida 33435,and CAFE BARISTA,INC., a Florida corporation,d/b/a Hurricane Alley Raw Bar &Restaurant ("Lessee"),whose address is 529 East Ocean Avenue,Boynton Beach,Florida 33435. RECITALS: WHEREAS,Harvey E.Oyer,Jr.,as lessor,and Lessee entered into that certain Business Lease ("Lease"),dated October 2,2007,for ground floor retail space located at 527,529,and 531 East Ocean Avenue,Boynton Beach,Florida to be used exclusively as a restaurant ("Leased Premises"):and WHEREAS,Harvey E.Oyer,Jr.died on December 18,2010 and Lessor,by operation of law,became landlord of the Leased Premises;and WHEREAS,Lessor and Lessee mutually desire to amend the Lease in accordance with the terms and conditions contained herein. NOW,THEREFORE,in consideration of the above recitals,the mutual promises and covenants contained herein,and other good and valuable consideration,the receipt and sufficiency of which both parties hereto acknowledge,Lessor and Lessee hereby agree as follows: AGREEMENT: RECITALS.The above Recitals are true and correct and are incorporated herein1. by this reference. ALTERATION TO THE LEASED PREMISES.Lessor and Lessee agree that2. Lessee shall be permitted to cut an opening in the east wall of the 529 East Ocean Avenue portion of the Leased Premises in order to connect it to the 531 East Ocean Avenue portion of the Leased Premises ("Doorway Connection").The Doorway Connection shall be constructed in such a manner so as to:(a)comply with all laws,statutes,ordinances,and building construction codes;(b)maintain or enhance the load-bearing qualities of the existing wall;(c) utilize construction materials and finishes that are compatible with the existing,original construction materials in the Leased Premises;and (d)be no larger than the existing doorway opening connecting the 529 East Ocean Avenue portion of the Leased Premises to the 527 East Ocean Avenue portion of the Leased Premises.Lessee shall be responsible for all costs associated with the construction of the Doorway Connection,including but not limited to all materials,labor,permits,inspections,fines,and penalties.At no time shall Lessee be permitted to encumber the Lease,the Leased Premises or any portion thereof.Lessee shall not permit any 631 notices of commencement,notices to owner,or liens of any kind or nature whatsoever to be recorded or to attach to the Leased Premises or the property to which the Leased Premises is a part.Lessee shall pay all liens of contractors,subcontractors,mechanics,laborers,materialmen and all other like character,and shall indemnify Lessor against all expenses,costs and charges, including bond premiums for release of liens and attorney's fees,disbursements,and costs reasonably incurred,at all trial and appellate levels,in the defense of any suit in discharging the Leased Premises or any part of it from any liens,judgments,or encumbrances caused or suffered by Lessee or any party acting by,through,or under Lessee or in any other way arising from or related to the Doorway Connection.With respect to the Doorway Connection,Lessee shall indemnify Lessor against all losses,costs,damages,and expenses of any kind or nature whatsoever,including court costs and attorneys fees,resulting from personal injury,death, damage to the Leased Premises,damage to the building in which the Leased Premises is situated, or any breach of the terms of the Lease or this Amendment ALCOHOLIC BEVERAGE LICENSE.Lessee hereby warrants and represents to Lessor that Lessee currently possesses all licenses necessary to serve beer and wine at the Leased Premises.Lessee desires to obtain all licenses and approvals necessary to serve all forms of alcoholic beverages at the Leased Premises (collectively,the "Alcohol License"!and Lessor is agreeable to allow Lessee to do so but only upon the terms and conditions contained in this Amendment Lessee shall be responsible for all costs and expenses associated with obtaining and maintaining the Alcohol License.Lessee shall at all times operate the Leased Premises and use the Alcohol License in conformance with all laws,statutes,and ordinances.Lessee agrees that the current hours of operation at the Leased Premises (Sunday to Thursday 1 1 am to 1 1 pm and Friday and Saturday 1 1 am to 12 am)shall not be increased or extended.Lessee agrees that at no time will it offer solo drink specials that are not associated with a food and drink pairing special.Lessee agrees that it will not have or promote alcoholic drink specials (e.g."jello shots")or nights (e.g."Ladies Night").Lessee agrees that it shall not advertise,promote or otherwise hold itself out to the community as a bar or nightclub.Lessee acknowledges and agrees that the conditions contained in this Amendment and the duties and obligations imposed upon Lessee herein are a material inducement to Lessor to agree to the Alcohol License and that the breach by Lessee of any of the conditions contained in this Amendment shall be a material breach of the Lease and shall entitle Lessor to all remedies at law and in equity.In consideration of Lessor permitting Lessee to obtain and maintain the Alcohol License at the Leased Premises during the term of the Lease,Lessee shall pay to Lessor an additional One Thousand and No/100 Dollars ($1,000.00)of Rent per month during the term of the Lease.Such additional rent shall become due and payable beginning on the first day of the first full month after Lessee obtains the Alcohol License.Such additional rent shall be added to and paid to Lessor in the same manner as the Rent under the Lease. 3. RENT.At Lessee's request,Lessor hereby authorizes and permits Lessee to divide the monthly Rent payments (including any additional rent,sales taxes,real estate taxes, and garbage fee reimbursements that Lessee owes to Lessor)so that one half of the monthly Rent shall be paid by Lessee to Lessor on the 1st day of each month during the term and the remaining one half of the Rent shall be paid by Lessee to Lessor on the 1 5th day of each month. 4. 632 RESTAURANT SIGNAGE.Lessor hereby authorizes Lessee,at Lessee's sole cost and expense,to install the restaurant signage depicted on Exhibit "A"attached hereto to the south facade of the second story of the building in which the Leased Premises is located ("Restaurant Signage").The Restaurant Signage shall be constructed in such a manner so as to: (a)comply with all laws,statutes,ordinances,and building construction codes;(b)be non invasive or minimally invasive to the building wall;(c)utilize construction materials and finishes that are compatible with the existing,original construction materials of the building;and (d)be no larger than as depicted on Exhibit "A"attached hereto.Lessee shall,at Lessee's sole cost and expense,be permitted to add up to two (2)light fixtures to illuminate the Restaurant Signage at night,provided that:(a)the lights do not shine into any of the upstairs windows;and (b)Lessee shall pay all electric charges and maintenance costs associated with the operation of the lights. Lessee shall be responsible for all costs associated with the construction of the Restaurant Signage,including but not limited to all materials,labor,permits,inspections,fines,and penalties.At no time shall Lessee be permitted to encumber the Lease,the Leased Premises or any portion thereof.Lessee shall not permit any notices of commencement,notices to owner,or liens of any kind or nature whatsoever to be recorded or to attach to the Leased Premises or the property to which die Leased Premises is a part.Lessee shall pay all liens of contractors, subcontractors,mechanics,laborers,materialmen and all other like character,and shall indemnify Lessor against all expenses,costs and charges,including bond premiums for release of liens and attorney's fees,disbursements,and costs reasonably incurred,at all trial and appellate levels,in the defense of any suit in discharging the Leased Premises or any part of it from any liens,judgments,or encumbrances caused or suffered by Lessee or any party acting by, through,or under Lessee or in any other way arising from or related to the Restaurant Signage. With respect to the Restaurant Signage,Lessee shall indemnify Lessor against all losses,costs, damages,and expenses of any kind or nature whatsoever,including court costs and attorneys fees,resulting from personal injury,death,damage to the Leased Premises,damage to the building in which the Leased Premises is situated,or any breach of the terms of the Lease or this Amendment. 5. EXTENSION OF TERM.Lessee desires to extend the term of the Lease for an additional five (5)years after the currently scheduled expiration of the existing term of the Lease on August 31,2012.Lessor and Lessee hereby agree that the Lease term is hereby extended an additional five (5)years and shall expire on August 31,2017.The Rent shall remain the same as it is as of the effective date of this Amendment up to and including August 31,2012,that is $3,000 per month,plus additional rent of $1,000 per month for the Alcohol License (if in use by the Lessee),plus applicable sales taxes on the rent and additional rent,plus one-half the annual real estate taxes on the building in which the Leased Premises is located,and one-half of the garbage dumpster service.Beginning September 1,2012 and continuing until August 31,2014, the Rent shall be $4,100 per month,plus additional rent of $1,000 per month for the Alcohol License (if in use by the Lessee),plus applicable sales taxes on the rent and additional rent,and one-half of the garbage dumpster service.During this two year period,Lessee shall not pay Lessor one-half of the real estate taxes for the building in which the Leased Premises is located. Beginning September 1,2014 and continuing until August 31,2017,the Rent shall be $4,500 per month,plus additional rent of $1 ,000 per month for the Alcohol License (if in use by the Lessee), plus applicable sales taxes on the rent and additional rent,and one-half of the garbage dumpster 6. 633 service.During this three year period,Lessee shall not pay Lessor one-half of the real estate taxes for the building in which the Leased Premises is located. INSURANCE.Commencing upon the execution of this Amendment mid at all times during the term of the Lease,including all extensions of the Lease term,Lessee shall pay for and maintain:(a)replacement cost personal property insurance covering all of Lessee's persona]property located on the Leased Premises;(b)public liability insurance in amounts no less than $100,000.00 for property damage,$1,000,000.00 for liquor liability,and $1,000,000.00/$2,000,000.00 general liability on an occurrence basis;and (c)worker's compensation insurance as required by statute.Lessor shall be added to all insurance policies as an additional insured,which policy shall include a waiver of subrogation rights by Lessee's insurance carrier.Lessor may at any time perform such acts as may be required of Lessee hereunder,or advance premiums required to be paid by Lessee,the same thereupon becoming additional rent and immediately due. SECURITY.Lessee has requested that Lessor not require a security deposit or a general personal guaranty of the Lease by Kim Kelly due to the long-term tenancy of Lessee at the Leased Premises.Lessor hereby agrees to this request by Lessee.Lessor and Lessee do, however,hereby agree that upon execution of this Amendment,Lessee shall execute a UCC-1 Financing Statement ("UCC"),to be recorded with the Florida Secretary of State,that provides Lessor a security interest in all personal property and fixtures located on the Leased Premises during the term of this Lease.Such personal property and fixtures shall serve as Lessor's security for Lessee's full and faithful performance of the terms and conditions of the Lease,as amended from time to time.In addition to the UCC,Kim Kelly hereby personally guarantees the clean-up and restoration of the Leased Premises to broom clean condition upon the expiration or earlier termination of the Lease,including but not limited to the removal of all signage and the restoration of the any damage,holes,or marks to the building in which the Leased Premises is located.This limited personal guaranty by Kim Kelly shall be a continuing personal obligation that shall be legally enforceable against Kim Kelly by Lessor in accordance with die terms of this Amendment. 7. 8. 9.OTHER LEASE PROVISIONS.Unless specifically amended by this Amendment,all other terms and conditions of the Lease remain unchanged and in full force and effect. [Signature page follows] 634 IN WITNESS WHEREOF,the Lessor and Lessee have executed this Amendment effective as of the day and year first above written. Signed,sealed and delivered in the presence of:LESSOR: HARVEY E.OYER III,AS PERSONAL REPRESENTATIVE OF THE ESTATE OF HARVEY ;r,jr. Print Name:ML iy: er III, Representative &y E.naliMStl Print Name:_£.0 LESSEE: 1 CAFE BARISTA,INC.,a Florida corporation,d/b/a Hurricane Alley Raw Bar Print Name: Print Name: LIMITED PERSONAL GUARANTY: l^ifvx k-e~(Ii L Print Name: # .,Im Kelly,indrni xsonally Print Name: 635 LEASE AMENDMENT THIS LEASE AMENDMENT ("Amendment")is entered into effective as of the day of July 201 1 ("Effective Date"!between HARVEY E.OYER III,AS PERSONAL REPRESENTATIVE OF THE ESTATE OF HARVEY E.OYER,JR.("Lessor"),having an address of 5 1 1 East Ocean Avenue,Boynton Beach,Florida 33435,and CAFE B ARISTA,INC., a Florida corporation,d/b/a Hurricane Alley Raw Bar &Restaurant ("Lessee"),whose address is 529 East Ocean Avenue,Boynton Beach,Florida 33435. RECITALS: WHEREAS,Harvey E.Oyer,Jr.,as lessor,and Lessee entered into that certain Business Lease ("Lease"),dated October 2,2007,for ground floor retail space located at 527,529,and 531 East Ocean Avenue,Boynton Beach,Florida to be used exclusively as a restaurant ("Leased Premises"):and WHEREAS,Harvey E.Oyer,Jr.died on December 18,2010 and Lessor,by operation of law,became landlord of the Leased Premises;and WHEREAS,Lessor and Lessee entered into that certain Lease Amendment dated effective January 1,2011;and WHEREAS,Lessor and Lessee mutually desire to further amend the Lease in accordance with the terms and conditions contained herein. NOW,THEREFORE,in consideration of the above recitals,the mutual promises and covenants contained herein,and other good and valuable consideration,the receipt and sufficiency of which both parties hereto acknowledge,Lessor and Lessee hereby agree as follows: AGREEMENT: RECITALS.The above Recitals are true and correct and are incorporated herein1. by this reference. 2.OTHER LEASE PROVISIONS.Unless specifically amended by this Amendment,all other terms and conditions of the Lease remain unchanged and in full force and effect. 3.LICENSE FOR USE OF SIDEWALK.Lessee has requested the use of a portion of the sidewalk owned by Lessor and located adjacent to a premises currently leased by Lessor to Fashion Shoppe Boutique,Inc.("FSB").Lessee desires to utilize that portion of the sidewalk located in front of FSB's store,as more particularly depicted on Exhibit "A"attached hereto ("License Area"),for the sole purpose of outdoor seating incident to Lessee's operation of Hurricane Alley as a restaurant.Lessor hereby grants to Lessee a license to utilize the License 636 Area for the sole purpose of outdoor seating incident to Lessee's operation of Hurricane Alley as a restaurant,but only upon the terms and conditions contained in this Amendment Lessee shall mark the sidewalk in an inconspicuous manner that allows Lessee's employees to place Lessee's tables and chairs in the same spots each day.Lessee shall ensure that all tables and chairs located in the License Area stay in their designated spots,as depicted on Exhibit "A",at all times.At no time shall any tables or chairs be placed in front of FSB's entrance or west of FSB's entrance.Lessee shall be prohibited from connecting tables or placing large parties in the License Area.Lessee shall place and maintain at all times two planters into the locations depicted on Exhibit "A"to direct pedestrian traffic.Lessee shall at all times have a copy of Exhibit "A"in the restaurant so that Lessee's staff is aware of correct placement of the tables and chairs in the License Area.Lessee shall ensure that no dogs,dog water bowls,chairs,strollers, or any other animal or object be permitted in front of FSB's windows,entrance,merchandise, mannequins,or display area.Lessee shall ensure that its staff clean up after each table turnover in a timely manner,never allowing plates,food,or trash to remain on the tables in the License Area.Lessee shall ensure that no trash is allowed on the sidewalk of the License Area at any time.Lessee shall be responsible for the cleaning (including regular pressure cleaning)and maintenance of the License Area.The table closest to FSB's store shall be designated as the "FSB Men's Store Table"and be made available to FSB's owners,staff,employees,and guests when it is available and,if occupied,FSB's owners,staff,employees,and guests shall be next in line for said table.Lessee shall make best efforts to have its employees attach to each of Lessee's customer's receipts a $5 gift card for FSB's store located adjacent to the Leased Premises.FSB shall provide Lessee with the $5 gift cards. [Signature page follows] 637 fy hi bti $ :( •f li FSB Area I ' i k <wf:;vI t le/J To^re a '_<a^CN?c><7 » „1 <3 f=4j/. _ |1 il ——I*My n apT-f,©® £'F 0 " \!W f._ CrAizuCTo r i !<f1—J ufci n ?©©©©?i ^ ®4® ;r*rwn»i«i CI t4®!i4l!i !i 9 —Q -©0 <[vj <l j> cr ;v,v -\L~ ! a-/ 4'-<7- unras.<* 1 *ptkirl s.(.Oi6" *eC1(i'&e nr~t e© t -dlE®l 4nr-fj,j>.?., ~**v/^V v Wk. <©; *©6£QU.Lm, 1 f C©®Hi f aE3i T~PB®V 1 f ©liiof -I 'Jn.c J IS 1 KIO ^=r3 i ©•1 xUS>"1 0®e * *D |P\V TT Lfu „jl ^ ^lllv^'+jli :l£M ft I ^^ ! DPIBj i 3 m«i r />A *i*>J i ? t I cafvatm,•—T--T -=»---f—^"~ii n rr^~ ."tiLiK-jti <«i»ie."•7 7s^!sil "M 't' v «r»e<w>«c EvrXHraM TSKrf f!H.ei3>A._ 638 IN WITNESS WHEREOF,the Lessor and Lessee have executed this Amendment effective as of the day and year first above written. Signed,sealed and delivered in the presence of:LESSOR: HARVEY E.OYE TA YER4II, .TWEOF YER,JR. II.AS PERSONAL E OF THE ESTATE OFREP] -4 &By: T~ frint Name:.L-uVeyT.Oy HI,P< Representative ix. CW^qa \ s.vPrintName: LESSEE: CAFE B ARISTA,INC.,a Florida corporation,d/b/a Hurricane Alley Raw Bar &Restaurant A li 7 H'Y kw ,/r Kilti K elly,PresidentPrintNtjfne:, Print Name:rf/l^rch B,s l,*u. y ACKNOWLEDGED AND AGREED TO: Print Name:1/&lori'a 37 < FASHION SHOPPE BOUTIQUE,INC.,a Florida corporationCiOiytbclj f n An Z p^gident /John MarquezTP i. 639 640 641 642 643 644 645 646 647 LEASE AMENDMENT THIS LEASE AMENDMENT ("Amendment")is entered into effective as of the 1"day of September 2017 ("Effective Date")between 500 OCEAN PROPERTIES, LLC,a Florida limited liability company ("Lessor"!,having an address of 511 East Ocean Avenue,Boynton Beach,Florida 33435,and CAF£BARISTA,INC.,a Florida corporation,d/b/a Hurricane Alley Raw Bar &Restaurant ("Lessee"!,whose address is 529 East Ocean Avenue,Boynton Beach,Florida 33435. RECITALS: WHEREAS,Harvey E.Oyer,Jr.,as lessor,and Lessee entered into that certain Business Lease ("Lease"!,dated October 2,2007,for ground floor retail space located at 527,529,and 531 East Ocean Avenue,Boynton Beach,Florida to be used exclusively as a restaurant ("Leased Premises"!:and WHEREAS,Harvey E.Oyer,Jr.died on December 18,2010 and Lessor became the owner and landlord of toe Leased Premises;and WHEREAS,Lessor and Lessee entered into that certain Lease Amendment dated effective January 1,201 1 which,among other changes,granted Lessee toe right to make specific alterations to toe Leased Premises,obtain an alcoholic beverage license,install signage,and extend toe term of toe Lease;and WHEREAS,Lessor and Lessee entered into that certain Lease Amendment dated July 201 1 which granted Lessee a license for use of a portion of toe sidewalk;and WHEREAS,Lessor and Lessee entered into that certain Lease Amendment dated September I,2014 which added 533 East Ocean Avenue,Office 4 to toe Leased Premises;and WHEREAS,Lessor and Lessee mutually desire to further amend the Lease in accordance with toe terms and conditions contained herein. NOW,THEREFORE,in consideration of toe above recitals,toe mutual promises and covenants contained herein,and other good and valuable consideration,toe receipt and sufficiency of which both parties hereto acknowledge,Lessor and Lessee hereby agree as follows: AnRF.lT.MF.NT; The above Recitals are true and correct and areRECITALS, incorporated herein by this reference. 1. 648 2.OTHER LEASE PROVISIONS.Unless specifically amended by this Amendment,all other terms and conditions of die Lease,as previously amended,remain unchanged and in full force and effect EXTENSION OF TERM AND RENT.Lessor and Lessee mutually desire to extend the term of the Lease for an additional five (S)years after the expiration of the existing term of die Lease on August 31,2017.Lessor and Lessee hereby agree that the Lease term is hereby extended an additional five (5)years and shall expire on August 31, 2022.For the first three (3)years of die extended term of die Lease,the Rent (defined below)shall remain the same as it is on the Effective Date hereof.For year four (4)of the extended term of die Lease,the Rent shall increase 5%.For year five (S)of the extended term of the Lease,the Rent shall increase an additional 5%.The Rent shall be $5,875 per month,which includes $4,500 of base rent for die restaurant,$1,000 for die Alcohol License,and $375 for the upstairs Office 4.Lessee shall pay die Rent,phis all applicable sales taxes,to Lessor each month,without demand,at Lessor's office.At Lessee's request,Lessor hereby authorizes and permits Lessee to divide die monthly Rent payments so that one-half of the monthly Rent shall be paid by Lessee to Lessor on the 1" day of each month during die extended term hereof and the remaining one-half of die Rent shall be paid by Lessee to Lessor on the 15*day of each month during die extended term hereof,hi addition to die Rent,Lessee shall pay to Lessor one-half of the property taxes and assessments for the building within thirty (30)days after Lessor provides Lessee with a copy of die annual property tax bill,usually early November of each year. In addition to the Rent,Lessee shall also pay to Lessor each month one-third of the garbage and recycling dumpster fees and taxes. 3. RIGHT OF FIRST REFUSAL.Prior to or upon the expiration of the extended term of die Lease provided for herein,Lessee shall have a right of first refusal to match the terms and conditions of any lease for die Leased Premises that Lessor obtains from a third parly potential lessee.After presentation by Lessor to Lessee of the terms and conditions of any third party potential lease,Lessee shall have ten (10)days in which notify Lessor of its intention to exercise die right of first refusal and match die same terms and conditions.Should Lessee foil to agree to match die same terms and conditions within said ten (10)period,Lessee's right of first refusal shall be waived and Lessor may proceed to lease the Leased Premises to the third party.Should Lessee exercise its right of first refusal within said ten (1 0)days,Lessor and Lessee shall enter into a new or amended lease agreement for die Leased Premises on such tarns and conditions contained in the right of first refusal notice. 4. [Signature page follows] 649 IN WITNESS WHEREOF,the Lessor and Lessee have executed this Amendment effective as of the day and year first above written. Signed,sealed and delivered LESSOR:in the presence ofi 500 Ocean Properties,LLC,a Florida limited liability company By:KwiTlfl.h) Print Name:n /~g>v 'R Its:Managing Member LL ^^r Print Name:U_TvC \\P \\-\(\\1C-1 ; LESSEE: CAFfe BARISTA,INC.,a Florida corporation,d/b/a Hurricane Alley Raw Bar &Restaurant KinVberlyB.Kelly,PresidentK„>-fa h VfPrintName: m PrintNa Q 650 KALA MARKETING GROUP OFFICE #1 651 OFFICE SPACE LEASE AGREEMENT THIS COMMERICAL LEASE AGREEMENT ("Leased is made effective as of the 1st day of September 2014,between 500 OCEAN PROPERTIES,LLC,a Florida limited liability company,whose mailing address is 511 East Ocean Avenue,Boynton Beach,Florida 33435 ("LANDLORD"!and KALA MARKETING GROUP ("TENANT'!. WITNESSETH: That LANDLORD,for and in consideration of the covenants,agreements and conditions herein contained,on the part of TENANT to be kept and performed,does hereby lease to TENANT,and TENANT does hereby lease from LANDLORD,Office 1 located at 533 East Ocean Avenue,Boynton Beach,Florida 33435 ("Property"!. The terms and conditions of this Lease are as follows: TERM.The term of this Lease shall be for one (1)year,commencing on September 1 ,201 4 and ending on August 3 1 ,201 5. 1. 2.RENT. TENANT agrees to pay to LANDLORD in lawful money of the United States the sum of Three Thousand and No/100 Dollars ($3,000.00)on or prior to the commencement date,which sum represents the first six (6)months of rent at the rate of Five Hundred and No/100 Dollars ($500.00)per month ("Rent").TENANT agrees to pay to LANDLORD in lawful money of the United States the sum of Three Thousand and No/100 Dollars ($3,000.00)on or prior to March 1,2015,which sum represents the second six (6)months of Rent at the rate of Five Hundred and No/100 Dollars ($500.00) per month.Rent shall be paid at LANDLORD'S address stated above,or at such other place as LANDLORD may specify in writing.LANDLORD agrees that,in the event that LANDLORD and TENANT mutually agree to renew this Lease for an additional year, that the Rent shall not increase by more than five percent (5%)per annum. Upon the execution hereof,TENANT shall pay to LANDLORD: (i)the sum of Three Thousand and No/100 Dollars ($3,000.00)as prepaid rent for the first six (6)months of the Term;and (ii)the sum of Five Hundred and No/100 Dollars ($500.00)representing the Security Deposit (defined below). In addition to any other rights of LANDLORD hereunder,in the event TENANT shall fail to pay rent or other sums due hereunder on its due date, TENANT shall pay to LANDLORD a late fee in the amount of Thirty and No/100 Dollars ($30.00)for each calendar day that the Rent is late beyond the due date.The late fee is not a penalty,but liquidated damages to defray administrative and related expenses due to such late payment. (a) (b) (c) WPBDOCS 8540135 2 652 3.SECURITY DEPOSIT.TENANT hereby deposits with LANDLORD the sum of Five Hundred and No/100 Dollars ($500.00)as a security deposit (the "Security Deposit"),the receipt of which is hereby acknowledged,which sums shall be held by LANDLORD upon the following terms and conditions: (a)As security for the performance by TENANT of all of the terms, conditions and covenants of this Lease;and As security for the return by TENANT to LANDLORD of the Property in accordance with the terms of this Lease.The Security Deposit shall not be construed as,or applied,in payment of any rental herein reserved to be paid;and In the event of default of any kind by TENANT,then and in such event,LANDLORD shall be deemed authorized,at LANDLORD'S option,to retain the Security Deposit as liquidated,stipulated and agreed upon damages;provided,however, that in no event shall LANDLORD be deprived of any other remedy,whether at law or equity or reserved by the terms of this Lease,regardless of retention by LANDLORD of the Security Deposit;and (b) (c) Upon expiration of the Term of this Lease,and in the event that there has been no default of any kind whatsoever on the part of TENANT,the Security Deposit shall be returned to TENANT or LANDLORD shall give TENANT written notice of LANDLORD'S intention to impose a claim against the Security Deposit on account of loss or damage to the Property,reasonable wear and tear excepted.There shall be no interest paid on the Security Deposit and LANDLORD may commingle the Security Deposit with other of LANDLORD'S funds. (d) 4.INSURANCE: TENANT shall obtain general liability insurance covering the activities of TENANT and TENANT'S employees,agents,contractors,guests, customers,and invitees while on the Property in an amount of no less than ONE (a) MILLION AND NO/100 DOLLARS ($1,000,000.00)each occurrence.LANDLORD shall be listed as additional insured and a certificate of insurance shall be provided to LANDLORD within three (3)days after the commencement of this Lease.TENANT shall require its insurance company to provide at least thirty (30)days prior written notice to LANDLORD before canceling or altering the liability insurance policy. (b)TENANT shall obtain insurance covering TENANT'S personal property and inventory located at the Property.Under no circumstance shall LANDLORD be responsible or liable for TENANT'S personal property or inventory located at the Property. 5.OCCUPANCY AND USE OF THE PREMISES. TENANT shall occupy the Property for office purposes only. TENANT shall not change,alter or install locks without the prior written consent of (a) LANDLORD. WPBDOCS 8540135 2 653 (b)TENANT shall not allow any pets or animals on the Property without LANDLORD'S prior written consent (which shall be given or denied in LANDLORD'S sole and absolute discretion). (c)No smoking shall be permitted within the office,in the hallways,or common areas of the Property at anytime with no exceptions. (d)TENANT shall abide by and comply with all reasonable rules and regulations now or hereafter promulgated by LANDLORD and all ordinances and laws of all governmental entities,whether federal,state or local,having jurisdiction in the matter. TENANT shall neither permit not commit,whether with or without knowledge or consent,any immoral,improper or unlawful practice or act in or upon the Property. TENANT agrees not to make,nor permit to be made,any disturbance,noise or annoyance of any kind which is detrimental to the Property.TENANT shall not,in any manner,alter,damage or deface the Property. Provided that TENANT abides by all terms,obligations,and covenants of this Lease,TENANT shall enjoy quiet and peaceful possession of the Property during the Term. (e) 6.UTILITIES. During the Term,LANDLORD shall pay the cost of water and sewer service,electricity,garbage service,and quarterly pest control.During the Term, TENANT agrees to pay all utility charges for telephone,television/internet,and any other utilities or services used at the Property,including all installation and activation fees and any deposits required by such utility providers. Except in the instance of LANDLORD'S negligence, LANDLORD shall not be liable to TENANT in the event any utility services are interrupted or become unavailable,for any reason whatsoever,and such interruption or unavailability shall not constitute actual or constructive eviction,nor be deemed an interference with TENANT'S occupancy of the Property,nor shall Rent be abated during any such period of interruption or unavailability. (a) (b) MAINTENANCE AND REPAIRS:HURRICANE PROTECTION:7. SURRENDER OF PROPERTY. TENANT shall,at its sole expense,keep and maintain the Property in good,clean and sanitary condition and repair during the Term of this Lease.Except for repairs due to TENANT'S misuse,waste,or neglect or that of TENANT'S family members,agents or visitors,the LANDLORD will be responsible for the repair and replacement of the roof,air conditioning system,and appliances. TENANT shall not drain,nor permit the drainage of,grease into (a) (b) the toilets or sinks. WPBDOCS 8540135 2 654 (c)In the event of a hurricane watch or hurricane warning,TENANT shall use reasonable efforts to secure the Property against damage. (d)LANDLORD shall engage a professional pest control contractor to provide calendar quarterly pest control service. (e)TENANT shall,at the end of the Lease term,surrender and deliver to LANDLORD the Property,without demand,"broom clean"and in the same condition as it existed on the commencement date hereof,reasonable wear and tear excepted. 8.NO ADDITIONS OR ALTERATIONS. TENANT shall not make any additions,changes or alterations in and upon the Property (including,without limitation,painting of portions of the Property) of any nature whatsoever without the prior written consent of LANDLORD,which consent may be given or withheld in LANDLORD'S sole discretion.LANDLORD may remove or change,at TENANT'S cost and expense,any addition,change or alteration made by TENANT without LANDLORD'S consent,the charge for which shall be paid by TENANT upon demand.TENANT shall not permit or install nails,screws or adhesive hangers except standard picture hooks;and no nails,screws or hangers may be placed in walls,woodwork or any part of the Property. (a) (b)No personal property,appliances or fixtures shall be removed by TENANT without the prior written consent of LANDLORD.LANDLORD'S interest in the Property shall not be subject to mechanics'or other liens for improvements made by TENANT nor for services,labor or materials performed at TENANT'S request. (c)If any lien is filed against the Property for improvements or work claimed to have been done or for materials claimed to have been furnished to TENANT, the lien shall be discharged by TENANT within ten (10)days thereafter,at TENANT'S expense,and TENANT shall indemnify LANDLORD for any loss,cost,or expense incurred by LANDLORD as a result of TENANT'S violation of this provision.The foregoing indemnification shall survive termination or expiration of this Lease. 9.DESTRUCTION BY CASUALTY.In the event the Property or any portion thereof may be rendered untenantable by reason of fire,explosion or any other casualty,LANDLORD,at LANDLORD'S option,may either repair the Property to make the same tenantable within sixty (60)days thereafter,or terminate this Lease.In such event,LANDLORD shall give TENANT ten (10)days'notice in writing of LANDLORD'S intention to repair or terminate this Lease.If LANDLORD elects to repair the damaged Property,LANDLORD shall proceed with due diligence and TENANT'S Rent for that period of time during which the Property is or remains untenantable shall be abated or apportioned. 10.PROPERTY LOSS.DAMAGE AND INDEMNIFICATION (a)The taking of possession of the Property by TENANT shall be conclusive evidence that the Property is in all respects in good and satisfactory condition WPBDOCS 8540135 2 655 and acceptable to TENANT.LANDLORD shall not be liable to TENANT,TENANT'S family members,agents,licensees or invitees,for damage to persons or property caused by any individual or entity.LANDLORD shall not be liable for any patent or latent defects in the Property. (b)LANDLORD shall not be liable for the presence of bugs,vermin or insects in the Property.TENANT hereby releases LANDLORD from any and all claims for loss,damage or injury of any nature whatsoever to person or property, including (without limitation)damage caused by theft,vandalism,water,smoke,fire or other causes,or resulting in any way from or in any fashion arising from or connected with the occupancy or use of the Property. TENANT further agrees to hold LANDLORD harmless and to indemnify LANDLORD from and against any and all claims,liabilities,actions,causes of action,damages,costs and expenses whatsoever which may arise out of,result from or be attributable to TENANT'S use or occupancy of the Property,or any act or omission thereon (whether by TENANT,TENANT'S family members,agents,employees, licensees or invitees),which indemnification shall include attorneys'fees at trial and appellate levels.The foregoing indemnification shall survive termination or expiration of this Lease. (c) (d)LANDLORD'S insurance does not cover loss or damage to any of TENANT'S personal property or possessions.If TENANT desires insurance coverage for any of TENANT'S personal property or possessions,TENANT shall obtain and pay for any such insurance coverage. 11.ASSIGNMENT OR SUBLEASING.TENANT shall neither sublet the Property or any part thereof nor assign (voluntarily or by operation of law)this Lease or any interest therein,nor mortgage nor encumber the Property or this Lease. 12.RIGHT OF ENTRY.LANDLORD shall have the right by or through itself or its agents or employees,to enter the Property at all reasonable hours. LANDLORD'S entry into the Property shall be for the purpose examining it and to,in LANDLORD'S sole discretion,make such repairs and alterations as LANDLORD may deem necessary to insure the orderly and proper maintenance of same.In addition, LANDLORD specifically reserves the right to enter upon the Property at reasonable times after first having informed TENANT of LANDLORD'S intention to do so,for the purpose of showing the Property to prospective:(i)tenants;(ii)purchasers;or (iii) mortgagees. 13.DEFAULT. (a)If TENANT shall fail to pay any installment of Rent or other sums on the due date or if TENANT should fail to keep and perform each and every one of the terms and conditions of this Lease,then and in any of such events,TENANT will be in default hereunder.If TENANT should become in default hereunder,LANDLORD will have any and all of the rights and remedies which the law of Florida confers upon a WPBDOCS 8S40I35 2 656 landlord against a tenant in default,including,without limitation,the right to:(i) terminate this Lease and sue for unpaid Rent;and/or (ii)accelerate the entire unpaid balance of the Rent for the Term of this Lease and sue for the collection of such Rent; and/or (iii)take possession of the Property (and any and all of TENANTS personal property therein)and,at LANDLORD'S option,rent the Property for the account of TENANT.In the event that LANDLORD takes possession of the Property,it may remove TENANT'S personal property and store same at the expense of TENANT, without being liable for damages therefor.In the event that LANDLORD takes possession of the Property and relets same for the account of TENANT,LANDLORD shall receive the Rent and other proceeds thereof and apply same first to payment of expenses which LANDLORD may have incurred in connection with taking possession and reletting (including,without limitation,the cost of brokerage,repair,alteration and all other sums)and apply any remaining Rent or proceedings to payment of Rent and other sums due hereunder and TENANT shall remain liable for any deficiency.If at the time of any default by TENANT there remains any unrefunded balance of the Security, then LANDLORD may retain the Security without the fact of such retention of the Security altering or limiting the right to immediate possession of the Property by LANDLORD or any other rights of LANDLORD in law or in equity.In the event TENANT shall fail to vacate the Property as and when required hereunder,TENANT shall be deemed a tenant at sufferance and,in addition to any other rights and remedies accorded to LANDLORD,TENANT shall be charged,for each day during its occupancy, an amount equal to 250%of the rental amount which was due hereunder immediately prior to such holdover occupancy. If,by reason of a default hereunder,a party employs an attorney to enforce or otherwise protect its rights hereunder and such party prevails in litigation resulting from the default,the non-prevailing party will owe and will pay the prevailing party's reasonable attorneys'fees (including fees at trial and appellate levels)and costs and expenses. (b) 14.APPLIANCES AND AIR CONDITIONING.All fixtures and appliances at the Property are supplied by LANDLORD for the Term of this Lease and are owned by LANDLORD. SUBORDINATION.This Lease is subject and subordinate to all ground or underlying leases,encumbrances,mortgages and other matters which may now or hereafter affect or become a lien upon the Property (or any portion thereof)and to any renewals,modifications,amendments,replacements or extensions thereof.TENANT shall execute any and all instruments as LANDLORD may request in order to effectuate or confirm the foregoing subordination and TENANT hereby irrevocably appoints LANDLORD as TENANT'S attorney-in-fact to execute any and all such instruments. 15. 16.CUMULATIVE REMEDIES:LAWS:NOTICES:INVALIDITY: WAIVER:SURRENDER:ENTIRE AGREEMENT:SUCCESSORS AND ASSIGNS. All rights and remedies herein created for the benefit of LANDLORD are cumulative and resort to any one remedy shall not be construed to be an election of remedies on the part of LANDLORD or to exclude or prevent LANDLORD'S resort to any other remedy in WPBDOCS 8540135 2 657 this Lease.This Lease shall be construed in accordance with Florida law.All notices shall be hand-delivered or mailed by certified mail,return receipt requested,to LANDLORD at the address for payment of Rent and to TENANT (after the date of commencement of the Term of this Lease)at the property address.Notices to TENANT mailed in accordance with the terms hereof shall be deemed given when mailed; however,notices to LANDLORD shall be deemed received only upon actual receipt. Notices to TENANT may be effectuated by personally serving same on TENANT,any member of TENANT'S family or any agent of TENANT found at or upon the Property. If any part or provision of this Lease is deemed by a court of competent jurisdiction to be invalid or unenforceable,such invalidity or unenforceability shall not affect the remaining provisions,all of which shall remain in full force and effect.No act or thing done by LANDLORD shall be deemed an acceptance of a surrender of the Property or this Lease,and no agreement to accept the Property and surrender the Lease shall be valid unless in writing signed by LANDLORD.Delivery of keys to LANDLORD or its agent shall not operate as a termination of this Lease or a surrender of the Property.The failure of LANDLORD to insist upon the strict performance of any provision of this Lease shall not constitute a waiver of any subsequent act or failure of performance.Receipt of Rent by LANDLORD with knowledge of breach of any provision of this Lease shall not be deemed a waiver of such breach.No provision of this Lease shall be deemed to have been waived by LANDLORD unless such waiver shall be in writing signed by LANDLORD and no payment of Rent of a lesser amount than that due,nor any endorsement or statement on a check,shall be deemed an accord and satisfaction and LANDLORD may accept such check or payment without prejudice to its right to recover any unpaid rent or other sums,or to pursue any remedy provided in this Lease.This Lease contains the entire agreement between the parties with respect to the subject matter and supersedes any prior or oral agreements or understandings.All promises,covenants and agreements set forth in this Lease shall be binding upon and inure to the benefit of the parties hereto,and (to the extent permitted)their respective heirs,personal representatives,successors and assigns. 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 requirements have been found in buildings in Florida.Additional information regarding radon and radon testing may be obtained from your county public health unit. 17. [SIGNATURES CONTAINED ON FOLLOWING PAGES] WPBDOCS 8540135 2 658 IN WITNESS WHEREOF,the parties hereto have executed this Lease on the date and year first above written. WITNESSES:LANDLORD: 500 Ocean Properties,LLC,a Florida limited liability company By:Christian Macoviak,its Managing Member TENANT:WITNESSES: Kala Marketing Group Its: WPBDOCS 8540135 2 659 1/24/2013.^1:11 AM PAGE 1/002 Fax Server *850-617-6381 4 U 3323;cIS nwrs nwrswrs a a c ?rtha O 2 arc o y 2 arc o y yigfcFrr^Si c 3 a a 9?partmpnt of &talpy y o I certify from the records of this office that KALA MARKETING GROUP,LLC, tg is a limited liability company organized under the laws of the State of Florida,filed on January 23,2013,effective January 23,2013, The document number of this company is L13000011929 . I further certify that said company has paid all fees due this office through December 31,2013,and its status is active. a 3 a m e x a ia 31S ft n :c 3 rs rs ye Q n Authentication Code:813A00001778-012413-L13000011929-1/1 3 n y X ass n y3rs au rs y £3rrs 3 35A S 3SS n rs ys 3 % n Given under my hand and the Great Seal of the State of Florida, at Tallahassee,the Capital,this the Twenty-fourth day of January,2013 3 mx m FSS sO SBMB 5® I\o ft mgagl3 3&en Betjner &emtarp of Ibtate 3 a 23 rs n rs rs rs rs rsrs ffifi A 660 » State of Delaware Secretary of State Division of Corporations Delivered 12:27 OS 01/23/2013 FILED 12:23 PM 01/23/2013 SRV 130079746 -3278327 FILE Certificate of Formation of Simple Group,LLC The name of this Delaware limited liability company is: Simple Group,LLC 1. 2.The name and address of the registered agent of the Company is: Corporate Creations Network Inc. 3411 Silverside Road Rodney Building #104 Wilmington DE 19810 3.The Company will be a manager-managed company. 4.The profits and losses of the Company shall be allocated to the members in proportion to their percentage interest in the Company,unless otherwise provided in the Company's limited liability company agreement.Unless otherwise provided in the Company's limited liability company agreement,there shall not be any distribution of profits unless each separate distribution is approved by the affirmative vote of members who own more than 50%of the voting interest in the Company.The voting members shall have complete discretion on when and if to approve any distribution of profits,unless otherwise provided in the Company's limited liability company agreement. No member shall have the right to assign the member's interest in the Company without the written agreement of all the members,unless otherwise provided in the Company's limited liability company agreement.Unless otherwise provided in the Company's limited liability company agreement,if all the members do not approve the assignment,the assignee shall have no right to become a member,to participate in the management of the Company or to exercise any other tights or powers of a member.The assignee shall merely be entitled to receive the share of profits and other distributions and the allocation of income,gain,loss deduction,credit or similar item to which the assignor was entitled,to the extent assigned. 5. The undersigned authorized person has executed this Certificate of Formation on January 23,2013. to A>"V AUTHORIZED PERSON: JESSICA MORALES,SPECIAL SECRETARY 661 ? 4 DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE CINCINNATI OH 45999-0023 m irs Date of this notice:01-24-2013 Employer Identification Number: 46-1853144 Form:SS-4 Number of this notice:CP 575 G KALA MARKETING GROUP LLC REINALDO SCHIAVINATO SOLE MBR 301 NE 51ST ST STE 1240 BOCA RATON,FL 33431 For assistance you may call us at: 1-800-829-4933 IF YOU WRITE,ATTACH THE STUB AT THE END OF THIS NOTICE. WE ASSIGNED YOU AN EMPLOYER IDENTIFICATION NUMBER Thank you for applying for an Employer Identification Number (EIN).We assigned you EIN 46-1853144.This EIN will identify you,your business accounts,tax returns,and documents,even if you have no employees.Please keep this notice in your permanent records . When filing tax documents,payments,and related correspondence,it is very important that you use your EIN and complete name and address exactly as shown above.Any variation may cause a delay in processing,result in incorrect information in your account,or even cause you to be assigned more than one EIN.If the information is not correct as shown above,please make the correction using the attached tear off stub and return it to us. A limited liability company (LLC)may file Form 8832,Entity Classification Election, and elect to be classified as an association taxable as a corporation.If the LLC is eligible to be treated as a corporation that meets certain tests and it will be electing S corporation status,it must timely file Form 2553,Election by a Small Business Corporation.The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications,including those referenced in this notice, visit our Web site at www.irs.gov.If you do not have access to the Internet,call 1-800-829-3676 (TTY/TDD 1-800-829-4059)or visit your local IRS office. IMPORTANT REMINDERS: *Keep a copy of this notice in your permanent records.This notice is issued only one time and the IRS will not be able to generate a duplicate copy for you.You may give a copy of this document to anyone asking for proof of your EIN. *Use this EIN and your name exactly as they appear at the top of this notice on all your federal tax forms. *Refer to this EIN on your tax-related correspondence and documents. If you have questions about your EIN,you can call us at the phone number or write to us at the address shown at the top of this notice.If you write,please tear off the stub at the bottom of this notice and send it along with your letter.If you do not need to write us,do not complete and return the stub. Your name control associated with this EIN is KALA.You will need to provide this information,along with your EIN,if you file your returns electronically. Thank you for your cooperation. 662 "y n -.:••":'-?;*:r&.*^W%WWW:,WW--'l\5 W ''*F'!T} KALA MARKETING GROUP.LLC CHASE©':e^iaaero '301 YAMATO RD STE 1240 !•>.".:•}."."::*«SbSs£$W '- ^RArON^FL 33431 ry;; '"" '' oc •8/29/2014 :•-;v :.; -'.'**"** WjJOTHE 500 OCEAN PROPERTIES.UC 11^Thoigand Five Hundred and 00/100 500 OCEAN PROPERTIES,U.C ; 511 E Ocean Ave Boy/rtpn fteacHi F=L?3435 •':v - •••.••I. **3(500.00 ,<v. •% 5 I*-. v. \C\> osit &e&:c?S*eA«J .;•-??MEMO IflO 3 3 39 SO"" n'QO I 30 2<i*•:EE.70BI.13 HI * 663 Lease Extension Agreement August 30,2020 500 Ocean Properties,LLC (LANDLORD)and individually (collectively "TENANT")agree to extend lease on said premises know as 533 E Ocean Ave #5,Boynton Beach,FL 33435,original lease dated 1st day of September 2014. For good consideration 500 Ocean Properties,LLC and Kala Marketing Group and Reinaldo Schiavinato ("tenant")agree to extend the said lease for a period of one year,starting date of 1st day of September 2020 and terminating on the 30th day of August 2021.The parties agree that no further right of renewal or extension shall exist beyond the termination date indicated above unless both parties agree to another lease extension agreement. During the lease extension period,Kala Marketing Group and Reinaldo Schiavinato,("tenant") agrees to pay rent in the amount of $1000.00 (One Thousand)per month. This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. ik Date g \?>\PJUnSravLandlord.LA 8/31/2020 Tenant Date Witness,Date. 664 Lease Extension Agreement August 12,2021 500 Ocean Properties,LLC (LANDLORD)and Kala Marketing Group and Reinaldo Schiavinato individually (collectively TENANT")agree to extend lease on said premises know as 533 E Ocean Ave #5,Boynton Beach,FL 33435,original lease dated 1st day of September 2014. For good consideration 500 Ocean Properties,LLC and Kala Marketing Group and Reinaldo Schiavinato ("tenant")agree to extend the said lease for a period of one year,starting date of 1st day of September 2021 and terminating on the 30th day of August 2022.The parties agree that no further right of renewal or extension shall exist beyond the termination date indicated above unless both parties agree to another lease extension agreement. During the lease extension period,Kala Marketing Group and Reinaldo Schiavinato,("tenant") agrees to pay rent in the amount of $1030.00 (Ono Thousand)per month. (_Ont-*TbcufidfKi"tV>irHj ar\d t^ioo) This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. VWot ft h>Date fel24l2ALandlord 8/22/21TenantDate Witness Date 665 FLORIDA TECHNICAL CONSULTANTS,LLC OFFICES #2  666 OFFICE SPACE LEASE AGREEMENT THIS COMMERICAL LEASE AGREEMENT ("Lease")is made effective as of the 1 5th day of October 201 7,between 500 OCEAN PROPERTIES,LLC,a Florida limited liability company,whose mailing address is 511 East Ocean Avenue,Boynton Beach, Florida 33435 ("LANDLORD")and Florida Technical Consultants,LLC,a Florida limited liability companv("TENANT").whose address shall be the address of the "Property" described below. WITNESSETH: That LANDLORD,for and in consideration of the covenants,agreements and conditions herein contained,on the part of TENANT to be kept and performed,does hereby lease to TENANT,and TENANT does hereby lease from LANDLORD,Office 2 located at 533 East Ocean Avenue,Boynton Beach,Florida 33435 ("Property"). The terms and conditions of this Lease are as follows: TERM.The term of this Lease shall be for one (1)year, commencing on October 15,2017 and ending on October 14,2018 1. 2.RENT. (a)TENANT agrees to pay to LANDLORD in lawful money of the United States each month during the Term of this Lease,the sum of Five Hundred Fifty and No/100 Dollars ($550.00)("Rent").Rent shall be paid at LANDLORD'S address stated above,or at such other place as LANDLORD may specify in writing. (b)Upon the execution hereof,TENANT shall pay to LANDLORD:(i) the sum of Five Hundred Fifty and No/100 Dollars ($550.00)as prepaid first month's rent; (ii)the sum of Five Hundred Fifty and No/100 Dollars ($550.00)as prepaid last month's rent;and (iii)the sum of Five Hundred Fifty and No/100 Dollars ($550.00)representing the Security Deposit (defined below).The total sum to LANDLORD is $1650.00. (c)In addition to any other rights of LANDLORD hereunder,in the event TENANT shall fail to pay rent or other sums due hereunder on its due date,TENANT shall pay to LANDLORD a late fee in the amount of Thirty and No/100 Dollars ($30.00) for each calendar day that the Rent is late beyond the due date.The late fee is not a penalty, but liquidated damages to defray administrative and related expenses due to such late payment. TENANT hereby deposits withSECURITYDEPOSIT. LANDLORD the sum of Five Fifty Hundred and No/100 Dollars ($550.00)as a security 3. deposit (the "Security Deposit"),the receipt of which is hereby acknowledged,which sums shall be held by LANDLORD upon the following terms and conditions: 667 As security for the performance by TENANT of all of the(a) terms,conditions and covenants of this Lease;and As security for the return by TENANT to LANDLORD of(b) the Property in accordance with the terms of this Lease.The Security Deposit shall not be construed as,or applied,in payment of any rental herein reserved to be paid;and In the event of default of any kind by TENANT,then and in such event,LANDLORD shall be deemed authorized,at LANDLORD'S option,to retain the Security Deposit as liquidated,stipulated and agreed upon damages;provided, however,that in no event shall LANDLORD be deprived of any other remedy,whether at law or equity or reserved by the terms of this Lease,regardless of retention by LANDLORD of the Security Deposit;and (c) Upon expiration of the Term of this Lease,and in the event that there has been no default of any kind whatsoever on the part of TENANT,the Security Deposit shall be returned to TENANT or LANDLORD shall give TENANT written notice of LANDLORD'S intention to impose a claim against the Security Deposit on account of loss or damage to the Property,reasonable wear and tear excepted.There shall be no interest paid on the Security Deposit and LANDLORD may commingle the Security Deposit with other of LANDLORD'S funds. (d) INSURANCE:4. TENANT shall obtain general liability insurance covering the activities of TENANT and TENANT'S employees,agents,contractors,guests,customers, (a) and invitees while on the Property in an amount of no less than ONE MILLION AND NO/lOO DOLLARS ($1,000,000.00)each occurance.LANDLORD shall be listed as additional insured and a certificate of insurance shall be provided to LANDLORD within three (3)days after the commencement of this Lease.TENANT shall require its insurance company to provide at least thirty (30)days prior written notice to LANDLORD before canceling or altering the liability insurance policy. TENANT shall obtain insurance covering TENANT'S personal property and inventory located at the Property.Under no circumstance shall LANDLORD be responsible or liable for TENANT'S personal property or inventory (b) located at the Property. OCCUPANCY AND USE OF THE PREMISES.5. TENANT shall occupy the Property for office purposes only. TENANT shall not change,alter or install locks without the prior written consent of (a) LANDLORD. TENANT shall not allow any pets or animals on the Property without LANDLORD'S prior written consent (which shall be given or denied in LANDLORD'S sole and absolute discretion). (b) 668 (c)No smoking shall be permitted within the office,in the hallways, or common areas at anytime with no exceptions. (d)TENANT shall abide by and comply with all reasonable rules and regulations now or hereafter promulgated by LANDLORD and all ordinances and laws of all governmental entities,whether federal,state or local,having jurisdiction in the matter. TENANT shall neither permit not commit,whether with or without knowledge or consent, any immoral,improper or unlawful practice or act in or upon the Property.TENANT agrees not to make,nor permit to be made,any disturbance,noise or annoyance of any kind which is detrimental to the Property.TENANT shall not,in any manner,alter,damage or deface the Property. Provided that TENANT abides by all terms,obligations,and covenants of this Lease,TENANT shall enjoy quiet and peaceful possession of the Property during the Term. (e) 6.UTILITIES. (a)During the Term,LANDLORD shall pay the cost of water and sewer service,garbage service,electricity,and quarterly pest control.During the Term, TENANT agrees to pay all utility charges for telephone,television/internet,and any other utilities or services used at the Property,including all installation and activation fees and any deposits required by such utility providers. (b)Except in the instance of LANDLORD'S negligence,LANDLORD shall not be liable to TENANT in the event any utility services are interrupted or become unavailable,for any reason whatsoever,and such interruption or unavailability shall not constitute actual or constructive eviction,nor be deemed an interference with TENANT'S occupancy of the Property,nor shall Rent be abated during any such period of interruption or unavailability. MAINTENANCE AND REPAIRS:HURRICANE PROTECTION: SURRENDER OF PROPERTY:AND INSURANCE. 7. (a)TENANT shall,at its sole expense,keep and maintain the Property in good,clean and sanitary condition and repair during the Term of this Lease.Except for repairs due to TENANT'S misuse,waste,or neglect or that of TENANT'S family members, agents or visitors,the LANDLORD will be responsible for the repair and replacement of the roof,air conditioning system,and appliances. (b)TENANT shall not drain,nor permit the drainage of,grease into the toilets or sinks. (c)In the event of a hurricane watch or hurricane warning,TENANT shall use reasonable efforts to secure the Property against damage. (d)LANDLORD shall engage a professional pest control contractor to provide calendar quarterly pest control service. 669 (e)TENANT shall,at the end of the Lease term,surrender and deliver to LANDLORD the Property,without demand,"broom clean"and in the same condition as it existed on the commencement date hereof,reasonable wear and tear excepted. NO ADDITIONS OR ALTERATIONS.8. TENANT shall not make any additions,changes or alterations in and upon the Property (including,without limitation,painting of portions of the Property) of any nature whatsoever without the prior written consent of LANDLORD,which consent may be given or withheld in LANDLORD'S sole discretion.LANDLORD may remove or change,at TENANT'S cost and expense,any addition,change or alteration made by (a) TENANT without LANDLORD'S consent,the charge for which shall be paid by TENANT upon demand.TENANT shall not permit or install nails,screws or adhesive hangers except standard picture hooks;and no nails,screws or hangers may be placed in walls, woodwork or any part of the Property. (b)No personal property,appliances or fixtures shall be removed by TENANT without the prior written consent of LANDLORD.LANDLORD'S interest in the Property shall not be subject to mechanics'or other liens for improvements made by TENANT nor for services,labor or materials performed at TENANT'S request. (c)If any lien is filed against the Property for improvements or work claimed to have been done or for materials claimed to have been furnished to TENANT, the lien shall be discharged by TENANT within ten (10)days thereafter,at TENANT'S expense,and TENANT shall indemnify LANDLORD for any loss,cost,or expense incurred by LANDLORD as a result of TENANT'S violation of this provision.The foregoing indemnification shall survive termination or expiration of this Lease. DESTRUCTION BY CASUALTY.In the event the Property or any9. portion thereof may be rendered untenantable by reason of fire,explosion or any other casualty,LANDLORD,at LANDLORD'S option,may either repair the Property to make the same tenantable within sixty (60)days thereafter,or terminate this Lease.In such event,LANDLORD shall give TENANT ten (10)days'notice in writing of LANDLORD'S intention to repair or terminate this Lease.If LANDLORD elects to repair the damaged Property,LANDLORD shall proceed with due diligence and TENANT'S Rent for that period of time during which the Property is or remains untenantable shall be abated or apportioned. PROPERTY LOSS.DAMAGE AND INDEMNIFICATION.10. The taking of possession of the Property by TENANT shall be conclusive evidence that the Property is in all respects in good and satisfactory condition (a) and acceptable to TENANT.LANDLORD shall not be liable to TENANT,TENANT'S family members,agents,licensees or invitees,for damage to persons or property caused by any individual or entity.LANDLORD shall not be liable for any patent or latent defects in the Property. 670 LANDLORD shall not be liable for the presence of bugs,vermin or insects in the Property.TENANT hereby releases LANDLORD from any and all claims for loss,damage or injury of any nature whatsoever to person or property,including (without limitation)damage caused by theft,vandalism,water,smoke,fire or other causes, or resulting in any way from or in any fashion arising from or connected with the occupancy or use of the Property. (b) TENANT further agrees to hold LANDLORD harmless and to(c) indemnify LANDLORD from and against any and all claims,liabilities,actions,causes of action,damages,costs and expenses whatsoever which may arise out of,result from or be attributable to TENANTs use or occupancy of the Property,or any act or omission thereon (whether by TENANT,TENANT'S family members,agents,employees,licensees or invitees),which indemnification shall include attorneys'fees at trial and appellate levels. The foregoing indemnification shall survive termination or expiration of this Lease. (d)LANDLORD'S insurance does not cover loss or damage to any of TENANT'S personal property or possessions.If TENANT desires insurance coverage for any of TENANT'S personal property or possessions,TENANT shall obtain and pay for any such insurance coverage. ASSIGNMENT OR SUBLEASING.TENANT shall neither sublet11. the Property or any part thereof nor assign (voluntarily or by operation of law)this Lease or any interest therein,nor mortgage nor encumber the Property or this Lease. RIGHT OF ENTRY.LANDLORD shall have the right by or12. through itself or its agents or employees,to enter the Property at all reasonable hours. LANDLORD'S entry into the Property shall be for the purpose examining it and to,in LANDLORD'S sole discretion,make such repairs and alterations as LANDLORD may deem necessary to insure the orderly and proper maintenance of same.In addition, LANDLORD specifically reserves the right to enter upon the Property at reasonable times after first having informed TENANT of LANDLORD'S intention to do so,for the purpose of showing the Property to prospective:(i)tenants;(ii)purchasers;or (iii)mortgagees. 13.DEFAULT. If TENANT shall fail to pay any installment of Rent or other sums on the due date or if TENANT should fail to keep and perform each and every one of the terms and conditions of this Lease,then and in any of such events,TENANT will be in default hereunder.If TENANT should become in default hereunder,LANDLORD will have any and all of the rights and remedies which the law of Florida confers upon a landlord against a tenant in default,including,without limitation,the right to:(i)terminate this Lease and sue for unpaid Rent;and/or (ii)accelerate the entire unpaid balance of the Rent for the Term of this Lease and sue for the collection of such Rent;and/or (iii)take possession of the Property (and any and all of TENANT'S personal property therein)and, at LANDLORD'S option,rent the Property for the account of TENANT.In the event that LANDLORD takes possession of the Property,it may remove TENANT'S personal property and store same at the expense of TENANT,without being liable for damages (a) 671 therefor.In the event that LANDLORD takes possession of the Property and relets same for the account of TENANT,LANDLORD shall receive the Rent and other proceeds thereof and apply same first to payment of expenses which LANDLORD may have incurred in connection with taking possession and reletting (including,without limitation, the cost of brokerage,repair,alteration and all other sums)and apply any remaining Rent or proceedings to payment of Rent and other sums due hereunder and TENANT shall remain liable for any deficiency.If at the time of any default by TENANT there remains any unrefunded balance of the Security,then LANDLORD may retain the Security without the fact of such retention of the Security altering or limiting the right to immediate possession of the Property by LANDLORD or any other rights of LANDLORD in law or in equity.In the event TENANT shall fail to vacate the Property as and when required hereunder,TENANT shall be deemed a tenant at sufferance and,in addition to any other rights and remedies accorded to LANDLORD,TENANT shall be charged,for each day during its occupancy,an amount equal to 250%of the rental amount which was due hereunder immediately prior to such holdover occupancy. If,by reason of a default hereunder,a party employs an attorney to enforce or otherwise protect its rights hereunder and such party prevails in litigation resulting from the default,the non-prevailing party will owe and will pay the prevailing party's reasonable attorneys'fees (including fees at trial and appellate levels) and costs and expenses. (b) APPLIANCES AND AIR CONDITIONING.All fixtures and14. appliances at the Property are supplied by LANDLORD for the Term of this Lease and are owned by LANDLORD. SUBORDINATION.This Lease is subject and subordinate to all ground or underlying leases,encumbrances,mortgages and other matters which may now or hereafter affect or become a lien upon the Property (or any portion thereof)and to any renewals,modifications,amendments,replacements or extensions thereof.TENANT shall execute any and all instruments as LANDLORD may request in order to effectuate or confirm the foregoing subordination and TENANT hereby irrevocably appoints LANDLORD as TENANTS attorney-in-fact to execute any and all such instruments. 15. CUMULATIVE REMEDIES:LAWS:NOTICES:INVALIDITY: WAIVER:SURRENDER:ENTIRE AGREEMENT:SUCCESSORS AND ASSIGNS. 16. All rights and remedies herein created for the benefit of LANDLORD are cumulative and resort to any one remedy shall not be construed to be an election of remedies on the part of LANDLORD or to exclude or prevent LANDLORD'S resort to any other remedy in this Lease.This Lease shall be construed in accordance with Florida law.All notices shall be hand-delivered or mailed by certified mail,return receipt requested,to LANDLORD at the address for payment of Rent and to TENANT (after the date of commencement of the Term of this Lease)at the property address.Notices to TENANT mailed in accordance with the terms hereof shall be deemed given when mailed;however,notices to LANDLORD shall be deemed received only upon actual receipt.Notices to TENANT may be effectuated by personally serving same on TENANT,any member of TENANTS family or any agent of TENANT found at or upon the Property.If any part or provision of this Lease is deemed 672 by a court of competent jurisdiction to be invalid or unenforceable,such invalidity or unenforceability shall not affect the remaining provisions,all of which shall remain in full force and effect.No act or thing done by LANDLORD shall be deemed an acceptance of a surrender of the Property or this Lease,and no agreement to accept the Property and surrender the Lease shall be valid unless in writing signed by LANDLORD.Delivery of keys to LANDLORD or its agent shall not operate as a termination of this Lease or a surrender of the Property.The failure of LANDLORD to insist upon the strict performance of any provision of this Lease shall not constitute a waiver of any subsequent act or failure of performance.Receipt of Rent by LANDLORD with knowledge of breach of any provision of this Lease shall not be deemed a waiver of such breach.No provision of this Lease shall be deemed to have been waived by LANDLORD unless such waiver shall be in writing signed by LANDLORD and no payment of Rent of a lesser amount than that due,nor any endorsement or statement on a check,shall be deemed an accord and satisfaction and LANDLORD may accept such check or payment without prejudice to its right to recover any unpaid rent or other sums,or to pursue any remedy provided in this Lease.This Lease contains the entire agreement between the parties with respect to the subject matter and supersedes any prior or oral agreements or understandings.All promises,covenants and agreements set forth in this Lease shall be binding upon and inure to the benefit of the parties hereto,and (to the extent permitted)their respective heirs, personal representatives,successors and assigns. 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 requirements have been found in buildings in Florida.Additional information regarding radon and radon testing may be obtained from your county public health unit. 17. [SIGNATURES CONTAINED ON FOLLOWING PAGES] 673 IN WITNESS WHEREOF,the parties hereto have executed this Lease on the date and year first above written. LANDLORD:WITNESSES: 500 Ocean Properties,LLC Min-Armj.aV~~>k By:Christian Macoviak,its Managing Member TENANT: C tP By:Ja^nea Barton,Its President 2# n,Individually as Personal all of the terms and conditions James B Guarantor of this Lease 3" iw ^^ Bwil g ,Com, /^)<?€Ccrr*Ca$+. , 3oS"-?3 674 >-••v »Q^"mwm«>?-{/-?-WmhJL-»= 1186 FLORIDA TECHNICAL CONSULTANTS LLC 10327 TRIVERO TER BOYNTON BEACH.FL 33437-3775 63-751/631 10546 3162297885 arts 2d ft $/('oSO DATE 5oo ocm ouc vmys<$>5&H PAY TO THE ORDER OF_i DOLLARS 0 §3£ Wells Fargo Bank,NAWELLS FARGO Florr«M welhFargotam Las{.&CQ<rJyisr1FORQf.$\~(NP 7 1 Jii'OOOOOD 1 iS&n'i:D63107 513»:3 IE.E SR7B8 5ii" g5>rftljE±r±^C3'_>;^;g3»Lj_3i/iL!ijipi£i^a?3wgier^y>i * James Barton P.E. Presidenl 401 W.Allanlic Ave.,Suite 09 Delray Beach,FL 33444 Phone 954-914-8488 jhanoti@fltechine.com www.fltechinc.com C1VI1.ENGINEERING -CHS -INTEGRATION -TRAINING aOMX TtCHMCK.C0XSU.TMT5 @esri Rwtwrf Nfftwofk ArcO IS Online Ktomt 675 Lease Extension Agreement September 28,2020 500 Ocean Properties,LLC,a Florida limited liability company whose mailing address is 511 E Ocean Avenue,Boynton Beach,FL 33435 ("LANDLORD")and Florida Technical Consultants,LLC, a Florida limited liability company ("TENANT")agree to extend lease on said premises know as 533 E Ocean Ave #2 and #3,Boynton Beach,FL 33435,original lease dated 15th day of October 2017. For good consideration 500 Ocean Properties,LLC and Florida Technical Consultants,LLC ( "tenant")agree to extend the said lease for a period of one year,starting date of 15th day of October 2020 and terminating on the 14th day of October 2021.The parties agree that no further right of renewal or extension shall exist beyond the termination date indicated above unless both parties agree to another lease extension agreement. During the lease extension period,Florida Technical Consultants,LLC,("tenant")agrees to pay rent in the amount of $1300.00 (One thousand four seventy five)per month. This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. •^rut- Landlord Date iptQ'20 sePr so 2ozoTenantDate Witness Date 676 Lease Extension Agreement September 21,2021 500 Ocean Properties,LLC,a Florida limited liability company whose mailing address is 511 E Ocean Avenue,Boynton Beach,FL 33435 ("LANDLORD")and Florida Technical Consultants,LLC, a Florida limited liability company ("TENANT")agree to extend lease on said premises know as 533 E Ocean Ave #2 and #3,Boynton Beach,FL 33435,original lease dated 15th day of October 2017. For good consideration 500 Ocean Properties,LLC and Florida Technical Consultants,LLC ( "tenant")agree to extend the said lease for a period of one year,starting date of 15th day of October 2021 and terminating on the 14th in their sole and absolute discretion,to ter days written Notice to the other Party. /of October 2022.The Parties reserve the right, /ate this lease for any reason upon providing 90 xjJ Initial (Tenant)/U /—Initial(Landlord) r— During the lease extension period,Florida Technical Consultants,LLC,("tenant")agrees to pay rent in the amount of $1340.00 (One thousand three hundred forty)per month. This agreement shall be binding upon and shall insure the benefit of the parties,their successors,assigns,personal agents and managing members. fib.rfarff.tji.Urt/OfiiAh ID 1 i 12-1LandlordDate CCT I iTenantDate ;o|i J»iQv—Witness L Date 677 678 679 680 681 682 683 684 1 Utterback, Theresa From:Jeffrey Burns <jburns@affiliateddevelopment.com> Sent:Monday, February 24, 2025 9:33 AM To:Utterback, Theresa Cc:Tack, Timothy; Kemissa Colin; Nick Rojo Jr; Curfman, Vicki; Lance Aker Subject:Re: Hurricane Alley/renewal lease Attachments:Lease Amendment 2025.pdf This is approved. Jeff Burns Founder & CEO Affiliated Development 613 NW 3rd Ave. , Ste 104 Fort Lauderdale, FL 33311 Office: 954. 953. 6733 Mobile: 954. 798. 6030 JBurns@ AffiliatedDevelopment. com www. AffiliatedDevelopment. com On Feb 24, 2025, ZjQcmQRYFpfptBannerStart This Message Is From an External Sender This message came from outside your organization. ZjQcmQRYFpfptBannerEnd This is approved. Jeff Burns Founder & CEO Affiliated Development 613 NW 3rd Ave., Ste 104 Fort Lauderdale, FL 33311 Office: 954.953.6733 Mobile: 954.798.6030 JBurns@AffiliatedDevelopment.com www.AffiliatedDevelopment.com On Feb 24, 2025, at 9:02 AM, Utterback, Theresa <UtterbackT@bbfl.us> wrote: Good Morning Mr. Burns: Kim Kelly has requested a one year extension of her lease. As you know, you must approve the extension, in writing, so that it may be presented to the CRA Board. I have attached a draft lease (our standard form that has been agreed to in the past) for your review and approval. This will be presented to the CRA Board at their next meeting, March 20, 2025. Thank you, Theresa Theresa Utterback 685 2 Development Services Manager Boynton Beach Community Redevelopment Agency 100 E. Ocean Ave.| Boynton Beach, Florida 33435 561-600-9094 | 561-737-3258 UtterbackT@bbfl.us | https://www.boyntonbeachcra.com To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. 686 3 America's Gateway to the Gulfstream Please be advised that Florida has a broad public records law, and all correspondence to me via email may be subject to disclosure. Under Florida law, email addresses are public records. Therefore, your email communication and your email address may be subject to public disclosure From: Kim Kelly <harleycabo@gmail.com> Sent: Sunday, February 23, 2025 8:54 AM To: Utterback, Theresa <UtterbackT@bbfl.us> Subject: renewal lease Good Day, This is an official request to extend my lease for another calendar year beginning March 1 2025 to March 1 2026 for Hurricane Alley located at 529 East Ocean Ave at the current rate of $7297. 71 and same conditions. as the previous lease. ZjQcmQRYFpfptBannerStart This Message Is From an External Sender This message came from outside your organization. ZjQcmQRYFpfptBannerEnd Good Day, This is an official request to extend my lease for another calendar year beginning March 1 2025 to March 1 2026 for Hurricane Alley located at 529 East Ocean Ave at the current rate of $7297.71 and same conditions.as the previous lease. We have been a reliable and long standing tenant since Feb 1996. I feel no increase is warranted as by not providing a long term lease , The CRA has made my business unsellable in case something may happen to me. We look forward to the move. We also need to save every penny as we possibly may be out of work for the transition. We have 50 employees and I want to be able to provide some type of severance pay while they are out of work. Respectfully Kim Kelly Owner Hurricane Alley 687 01792421-3 Page 1 of 3 LEASE AMENDMENT THIS LEASE AMENDMENT ("Amendment") is entered into this ___ day of __________________, 2025, ("Effective Date") between BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ("LESSOR"), having an address of 100 E Ocean Avenue, 4th Floor, Boynton Beach, Florida 33435, and CAFE BARISTA, INC., a Florida corporation, d/b/a Hurricane Alley Raw Bar & Restaurant ("LESSEE"), whose address is 529 East Ocean Avenue, Boynton Beach, Florida 33435. RECITALS: WHEREAS, Harvey E. Oyer, Jr. and LESSEE entered into that certain Business Lease ("Lease"), dated October 2, 2007, for ground floor retail space located at 527, 529, and 531 East Ocean Avenue, Boynton Beach, Florida to be used exclusively as a restaurant ("Leased Premises"); and WHEREAS, Harvey E. Oyer, Jr. died on December 18, 2010 and 500 Ocean Properties became the owner and landlord of the Leased Premises; and WHEREAS, the Lease was amended by a Lease Amendment dated January 1, 2011, which, among other changes, granted LESSEE the right to make specific alterations to the Leased Premises, obtain an alcoholic beverage license, install signage, and extend the term of the Lease; and WHEREAS, by Lease Amendment dated July 2011, LESSEE was granted a license for use of a portion of the sidewalk; and WHEREAS, by Lease Amendment dated September 1, 2014, 533 East Ocean Avenue, Office 4 was added to the Leased Premises; and WHEREAS, the Lease was amended on September 1, 2017, to extend the term of the Lease to August 31, 2022; and WHEREAS, LESSOR acquired the Leased Premises on or around December 16, 2021; WHEREAS, the Lease was amended on August 31, 2022, to extend the term of the Lease to August 31, 2023; and WHEREAS, the Lease was amended on June 15, 2023, to extend the term of the Lease to February 29, 2024; and WHEREAS, the Lease was amended on January 21, 2024, to extend the term of the Lease to March 1, 2025; and WHEREAS, LESSOR and LESSEE mutually desire to further amend the Lease in accordance with the terms and conditions contained herein. NOW, THEREFORE, in consideration of the above recitals, the mutual promises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which both parties hereto acknowledge, LESSOR and LESSEE hereby agree as follows: 688 01792421-3 Page 2 of 3 AGREEMENT: 1. RECITALS. The above Recitals are true and correct and are incorporated herein by this reference. 2. OTHER LEASE PROVISIONS. Unless specifically amended by this Amendment, all other terms and conditions of the Lease, as previously amended, remain unchanged and in full force and effect. 3. EXTENSION OF TERM. LESSOR and LESSEE hereby agree that the Lease term is hereby extended for one (1) year and shall expire on March 1, 2026. LESSEE shall have the right to request further extensions upon providing not less than sixty (60) days written notice to LESSOR. The extension may be approved or denied at the discretion of the Boynton Beach Community Redevelopment Agency Board. 4. RENT. Monthly rent payments shall be Seven Thousand Seventy-One and 01/100 Dollars ($7,071.01) inclusive of sales tax at the current rate and trash pick-up. LESSOR shall be responsible for real property taxes. 5. RIGHT OF TERMINATION. Either party reserves the right, upon the showing of just cause and providing sixty (60) days written notice to the other, to terminate this Lease and any amendment and extension thereof. LESSEE understands and agrees that LESSOR’s sale or development of the Leased Premises is just cause for the purposes of this right of termination. Notwithstanding the foregoing, upon the sale of the Leased Premises, the new owner(s) of the Leased Premises may terminate this Lease and any extension hereof for any reason upon 30 days’ notice. IN WITNESS WHEREOF, the LESSOR and LESSEE have executed this Amendment effective as of the day and year first above written. Signed, sealed and delivered in the presence of: LESSOR: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ______________________________________ By:______________________________________ Print Name: ____________________________ BBCRA Chair ______________________________________ Print Name: ____________________________ 689 01792421-3 Page 3 of 3 LESSEE: CAFÉ BARISTA, INC., a Florida corporation, d/b/a Hurricane Alley Raw Bar & Restaurant ______________________________________ By:______________________________________ Print Name: ____________________________ Kimberly B. Kelly, President ______________________________________ Print Name: ____________________________ 690 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 OLD BUSINESS AGENDA ITEM 14.C SUBJECT: Continued Discussion and Consideration of Tax Increment Financing Request from Time Equities Inc. for Phase I and Phase II of the Town Square Project located at 120 SE 1st Avenue and 100 E. Boynton Beach Boulevard - REVISED 03/18/2025 SUMMARY: On J anuary 14, 2025, Time Equities, Inc. (TEI) presented the CRA Board with a request for Tax Increment Financing (TIF) for the development of two parcels of land (the North Parcel and the South Parcel), which are part of the approved Town Square Project (see Attachments I - III). BACKGROUND: The Town Square Project is the subject of an existing Development Agreement with the City of Boynton Beach. Under its existing approvals, the Project will have a total of 898 residential, market rate, rental units; 23,500 square feet of retail space; and two parking garages (1,000+ parking spaces in each garage) with 473 public parking spaces within the garages. The South Parcel will be developed as Phase I (see Attachment IV) of the Project and the North Parcel will be developed as Phase II (see Attachment V). In lieu of providing workforce housing, TEI will make a payment to the City of Boynton Beach Workforce Housing Fund in the approximate amount of $2,250,000.00 per Phase. In support of the Project, TEI has requested 95% of the tax increment revenue generated by the Project (i.e., 95% TIF) up to a maximum of $35.2MM. The request is divided between the two Phases as follows: Phase I (South Parcel located at 120 SE 1st Avenue) $20.0MM Phase II (North Parcel located at 100 E. Boynton Beach Boulevard) $15.2MM As support for TEI’s request for TIF, TEI provided a Fiscal Impact and Financial GAP Analysis for the project prepared by Fishkind Litigation Services on June 28, 2024 (see Attachment VI). The CRA hired Abramson & Associates, Inc. as a third-party financial analyst to review and analyze Time Equities' request for TIF and Fishkind’s financial GAP analysis. On December 20, 2024, Abramson & Associates provided a detailed Memorandum regarding the evaluation of the TIF funding request (see Attachment VII). The Abramson evaluation focused on the Project’s need for TIF and the financial impact to the 691 •Attachment I - Location Map •Attachment II - TIF Request Letter •Attachment III - Time Equities Presentation •Attachment IV - Site Plan-South Parcel-Phase I •Attachment V - Site Plan-North Parcel-Phase II •Attachment VI - 6.28.24 Fishkind Economic Fiscal Impact, & Gap Analysis •Attachment VII - 12.20.24 Abramson Evaluation of TIF Request •Attachment VIII - 01-14-2025 CRA Board Meeting Minutes •Attachment IX - Time Equities TIRFA Term Sheet CRA of awarding the requested TIF as proposed. The evaluation includes general comments evaluating the public benefits proposed by TEI and finds the request generally within a range of reasonableness. However, the report also noted: Relatively small variations in assumptions and/or improvements in the development market over the time prior to construction financing could significantly reduce or, possibly, eliminate the need for subsidy. While this applies to Phase 1, which would be required to start construction within one and a half years, it is a particular concern relative to Phase 2, which, likely, would not start construction until significantly later. Accordingly, the CRA may wish to consider granting a TIF award only for Phase 1 and having the developer return for an evaluation of need at such time as the construction start and development economics of Phase 2 come into clearer focus, so as to lessen the chance of providing TIF funding not actually required for feasibility." The evaluation recommended that the CRA explore structuring opportunities that may reduce the TIF award should construction and/or other development costs come in lower than preliminary estimates or other development market conditions improve prior to the start of construction. In February, the Board heard a preliminary presentation from TEI concerning the developer ’s proposal and directed CRA staff and TEI to commence negotiations for a proposed agreement. CRA staff and legal have worked with TEI to propose the terms presented in the term sheet, and seek Board direction on the proposed terms and agreement structure (see Attachment IX). FISCAL IMPACT: To be determined by the CRA Board. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: To be determined based on Board direction. ATTACHMENTS: Description 692 693 1 August 20, 2024 Chair Ty Penserga Vice Chair Thomas Turkin Board Member Woodrow Hay Board Member Angela Cruz Board Member Aimee Kelley Boynton Beach Community Redevelopment Agency (“BBCRA”) Timothy Tack, Acting Executive Director 100 E. Ocean Ave Boynton Beach, FL 33435 Re: TIF Incentive Application: Boynton Beach Town Square Residential/Mixed Use Project (South & North Parcels) Dear BBCRA Chair, Vice Chair, Board Members and Acting Executive Director, We, Time Equities, Inc. (“TEI”), are the owners of the two multifamily/mixed-use development sites within the Town Square master plan neighborhood (the “Project”). Site Plans for both parcels are currently approved, allowing for a total of 898 residential units, 23,500 square feet of retail stores and two parking garages with over 1,000 spaces in each. The total cost of the Project is approximately $500,000,000 – built in two phases – making it among the largest developments ever planned in Boynton Beach. The southern parcel (“Phase 1”) will be built first, followed by the northern parcel (“Phase 2”). Upon completion, the Project will be transformative for Boynton Beach. It will fulfill the city’s long-time vision for Town Square, making it a “center of gravity” for the community – acting as a catalyst for surrounding development and investment. The Project will replace empty lots with high-value, mixed-use buildings with thousands of residents, as well as nearly 50,000 square feet of new public sidewalks, landscaping, lighting, 473 public garage parking spaces, and over 20 new retail stores/businesses (see Exhibit A, Project Renderings). The Project is a public-private arrangement, subject to a developer agreement and site plans which require the delivery of substantial public benefits. *** We are writing today to update you on our progress, to advise you of the challenges we are facing in the market today – and to discuss a potential solution. Over the last 18 months TEI has made significant progress with predevelopment eƯorts for Phase 1. We have invested heavily to purchase the land as well as to develop our plans, costs, and income projections. We have also already engaged with various potential construction lenders and investors on the Project, and have conducted several site tours, some of which have included Boynton City staƯ members. 694 2 We can report we have strong potential interest from our financial partners for the Project. That said, as detailed herein, the economic returns available from the Project are not yet suƯicient to allow us to close on financing. The good news is that the projected financial return shortfall seems solvable, with an acceptable TIF award from the BBCRA. As you are aware, the real estate development financing markets are extremely diƯicult today. As a result, multifamily construction “starts” have plunged over the last 18-24 months (see Exhibit B, Headlines). Interest rates, construction costs, and operating costs have all increased dramatically, which made projects uneconomic and unfinanceable. As a result of these various negative market conditions – as well as our good-faith desire to move forward with the project - we are hereby oƯicially requesting a two-phase TIF award, as detailed below. *** TEI calculates the Project’s ‘fiscal gap’ – and therefore the requested two-phase TIF award – to be $35.2MM; $20.0MM for the South Parcel and $15.2MM for the North Parcel (Exhibit C, TEI Proposed TIF Structure & Cashflow Projection). Projections show that the TIF awards for both Phases would be exhausted within 10 years, after which the BBCRA would capture 100% of the ~$6.6MM/year in incremental real estate taxes generated by the Project (in addition to all of the other short term and long term public benefits and positive economic impacts generated). We acknowledge that this TIF award request is larger than those previously granted by the BBCRA. That said, we want to emphasize that our request is proportionate and appropriate given the overall size of the Project, its two phases, its incremental real estate taxes, and its substantial public benefits (Exhibit D, TEI TIF Structure Comparison w/Hyperion TIF). As shown herein, the direct public benefits available from the Project are worth many times the value of the requested TIF. TEI’s TIF proposal contemplates a 95% annual rebate of incremental real estate taxes generated by each Project Phase. The calculations show that a 95% rebate works out to approximately $2MM/year per phase. TEI would agree to make the TIF awards contingent upon meeting specific construction start dates for each Phase of the Project – dates that are substantially tighter than the timeframe indicated in the current TEI Developer Agreement (Exhibit E, TEI TIF Timeline Summary). In general, as the BBCRA is aware, TIF awards only rebate a portion of the incremental real estate taxes actually paid by certain new properties that are completed on time – and only up to a maximum dollar limit. TIF awards do not cost the BBCRA or the city any money. This structure oƯers both important protections for the BBCRA as well as a powerful incentive for private developers to execute timely. *** To support our request, TEI engaged Fishkind Litigation Services (“Fishkind”) to provide their independent analysis as to whether a ‘fiscal gap’ exists for the Project – and if so, to calculate the amount of the gap. As reflected in the attached report, Fishkind has determined that the projects do, in fact, face fiscal gaps: $58.4MM in total; $34MM for the South Parcel and $24MM for the North Parcel. Obviously Fishkind’s calculations reflect a far higher TIF award recommendation than the award that TEI is requesting. Per the Fishkind chart below, their analysis shows that without TIF awards the projects essentially generate 0% return on investment. That said, with their recommended TIF awards of $58.4MM, both Phases can achieve the market ‘required’ minimum return on investment of 7.8%. 695 3 *** The Project oƯers substantial direct public benefits, both shorter-term and longer-term. It also provides substantial long-term indirect economic impacts (Exhibit F, Public Benefits and Economic Impact). Shorter-term public benefits from the Project include the delivery of 473 public garage parking spaces (cost of $26MM), a $4.5MM payment to the City Workforce Housing fund, ~$13,8.0MM in impact/other fees, $3.0MM in streetscape/infrastructure improvements, and a $5MM settlement payment that was already made to the city in 2023 (at TEI land purchase). The total of these short-term benefits is more than $52MM, which is $17MM more than the entire requested TIF award value. In addition, the Project will directly generate two significant long-term, on-going cashflow streams for the city. The first is ~$6.4MM/year in average post-TIF incremental real estate tax revenue. The second is ~$2.0MM/year in average revenue available from the metered parking spaces that TEI is leasing to the city for $0/year for 100 years (city receives 100% of the revenue from these spaces). Over the next 40 years, between the incremental real estate taxes (~$150MM) and parking revenue (~$65MM), the Project may directly generate as much as ~$215MM for the CRA and the city. Among various important uses, these new real estate tax revenues could be used by the BBCRA and City to help oƯset the Town Square public bond payments that are due over the coming decades. Finally, the Project will have an enormous indirect economic impact on the local community, both during construction and in perpetuity upon completion. These indirect economic impacts come from the hundreds of millions of dollars spent locally during the construction phase as well as local spending after construction by the thousands of new tenants living at the project. This spending leads to the creation of over 400 permanent new jobs and businesses locally. Fishkind calculates that over 40 years, the total indirect economic impact from the Project will be more than $3.0 billion. *** In closing, we very much appreciate your consideration of this matter, and we hope to meet with you to discuss the details of our proposal. We want to reiterate that while the markets are diƯicult, we feel a great sense of commitment and optimism about the Town Square project. Our shared goal with Boynton Beach is to realize this transformational project, and we are ready to do our part. Sincerely, Francis Greenburger Francis Greenburger Chairman, Time Equities, Inc. Without TIF With TIF Without TIF With TIF Ret. On Investment -2.20%7.80% 0.80% 7.80% Phase 2 Fishkind Fiscal Gap Analysis - Boynton Town Square Apts; Phase 1 696 4 EXHIBIT A – PROJECT RENDERINGS, BEFORE & AFTER Town Square Current/Before Development Town Square After Development 697 5 698 6 699 7 EXHIBIT B – ECONOMIC, MARKET HEADLINES 700 8 EXHIBIT C – TEI TIF Proposal/Cash Flow TIF Proposal Analysis by Phase Phase 1 Phase 2 Total Total Units 465 433 898 Total Retail SF 6,000 17,500 23,500 Const. Complete/ 1st Stabilized 2030 2033 RE Taxes $/Unit/Yr. 7,742$ 8,430$ 8,073$ 1st Stab. Yr. Gross RE Tax Bill 3,600,000 3,650,000 7,250,000 Land Tax/Pre Construction 350,000 350,000 700,000 Incremental RE Tax 3,250,000 3,300,000 6,550,000 City & County Portion @ 66% 2,145,000 2,178,000 4,323,000 Minus: 5% (107,250) (108,900) (216,150) TIF Rebate to TEI @ 95% 2,037,750 2,069,100 4,106,850 Total TIF Amt/Max 19,877,494 15,382,276 35,259,770 Implied TIF Duration 9.75 7.43 8.59 Tot. City Sps. Metered Sps. TEI Boynton Town Square TIF Analysis - Annual Cash Flow Ph. 1 Garage 224 171 Ph. 2 Garage 249 192 Total 473 363 Avg. Rev/Space/Day: 15.00$ TEI Project BB NET CF # Yr. CRA City Total Incr. Tax @ 66% 5% Withheld TIF Rebate @ 95% RE Tax to CRA Cash & Fees Pot. Parking Rev Total City Revs. Revs - Bond PMTS 1 2024 3,550,000 4,500,000 8,050,000 - - - - 5,000,000 - 5,000,000 (3,050,000) 2 2025 3,550,000 4,500,000 8,050,000 - - - - - - - (8,050,000) 3 2026 3,550,000 4,500,000 8,050,000 - - - - 9,567,358 - 9,567,358 1,517,358 4 2027 3,550,000 4,500,000 8,050,000 - - - - - - - (8,050,000) 5 2028 3,550,000 4,500,000 8,050,000 - - - - - - - (8,050,000) 6 2029 3,550,000 4,500,000 8,050,000 - - - - - - - (8,050,000) 7 2030 3,550,000 4,500,000 8,050,000 2,145,000 (107,250) (2,037,750) - 8,740,717 936,225 9,676,942 1,626,942 8 2031 3,550,000 4,500,000 8,050,000 2,187,900 (109,395) (2,078,505) - - 936,225 936,225 (7,113,775) 9 2032 3,550,000 4,500,000 8,050,000 2,231,658 (111,583) (2,120,075) - - 936,225 936,225 (7,113,775) 10 2033 3,550,000 4,500,000 8,050,000 4,454,291 (222,715) (4,231,577) - - 1,987,425 1,987,425 (6,062,575) 11 2034 3,550,000 4,500,000 8,050,000 4,543,377 (227,169) (4,316,208) - - 1,987,425 1,987,425 (6,062,575) 12 2035 3,550,000 4,500,000 8,050,000 4,634,245 (231,712) (4,402,532) - - 1,987,425 1,987,425 (6,062,575) 13 2036 3,550,000 4,500,000 8,050,000 4,726,929 (236,346) (4,490,583) - - 1,987,425 1,987,425 (6,062,575) 14 2037 3,550,000 4,500,000 8,050,000 4,821,468 (241,073) (4,580,395) - - 1,987,425 1,987,425 (6,062,575) 15 2038 3,550,000 4,500,000 8,050,000 4,917,897 (245,895) (4,672,002) - - 1,987,425 1,987,425 (6,062,575) 16 2039 3,550,000 4,500,000 8,050,000 5,016,255 (250,813) (2,330,143) 2,435,300 - 1,987,425 4,422,725 (3,627,275) 17 2040 3,550,000 4,500,000 8,050,000 5,116,580 (255,829) - 4,860,751 - 1,987,425 6,848,176 (1,201,824) 18 2041 3,550,000 4,500,000 8,050,000 5,218,912 (260,946) - 4,957,966 - 1,987,425 6,945,391 (1,104,609) 19 2042 3,550,000 4,500,000 8,050,000 5,323,290 (266,165) - 5,057,126 - 1,987,425 7,044,551 (1,005,449) 20 2043 3,550,000 4,500,000 8,050,000 5,429,756 (271,488) - 5,158,268 - 1,987,425 7,145,693 (904,307) 21 2044 3,550,000 4,500,000 8,050,000 5,538,351 (276,918) - 5,261,434 - 1,987,425 7,248,859 (801,141) 22 2045 3,550,000 4,500,000 8,050,000 5,649,118 (282,456) - 5,366,662 - 1,987,425 7,354,087 (695,913) 23 2046 - - - 5,762,101 (288,105) - 5,473,996 - 1,987,425 7,461,421 7,461,421 24 2047 - - - 5,877,343 (293,867) - 5,583,475 - 1,987,425 7,570,900 7,570,900 25 2048 - - - 5,994,889 (299,744) - 5,695,145 - 1,987,425 7,682,570 7,682,570 26 2049 - - - 6,114,787 (305,739) - 5,809,048 - 1,987,425 7,796,473 7,796,473 27 2050 - - - 6,237,083 (311,854) - 5,925,229 - 1,987,425 7,912,654 7,912,654 28 2051 - - - 6,361,825 (318,091) - 6,043,733 - 1,987,425 8,031,158 8,031,158 29 2052 - - - 6,489,061 (324,453) - 6,164,608 - 1,987,425 8,152,033 8,152,033 30 2053 - - - 6,618,842 (330,942) - 6,287,900 - 1,987,425 8,275,325 8,275,325 31 2054 - - - 6,751,219 (337,561) - 6,413,658 - 1,987,425 8,401,083 8,401,083 32 2055 - - - 6,886,244 (344,312) - 6,541,931 - 1,987,425 8,529,356 8,529,356 33 2056 - - - 7,023,968 (351,198) - 6,672,770 - 1,987,425 8,660,195 8,660,195 34 2057 - - - 7,164,448 (358,222) - 6,806,225 - 1,987,425 8,793,650 8,793,650 35 2058 - - - 7,307,737 (365,387) - 6,942,350 - 1,987,425 8,929,775 8,929,775 36 2059 - - - 7,453,892 (372,695) - 7,081,197 - 1,987,425 9,068,622 9,068,622 37 2060 - - - 7,602,969 (380,148) - 7,222,821 - 1,987,425 9,210,246 9,210,246 38 2061 - - - 7,755,029 (387,751) - 7,367,277 - 1,987,425 9,354,702 9,354,702 39 2062 - - - 7,910,129 (395,506) - 7,514,623 - 1,987,425 9,502,048 9,502,048 40 2063 - - - 8,068,332 (403,417) - 7,664,915 - 1,987,425 9,652,340 9,652,340 - Total - 40 Yrs. 78,100,000 99,000,000 177,100,000 195,334,926 (35,259,770) 150,308,410 23,308,075 64,418,850 238,035,335 60,935,335 Tot. Thru 2045 78,100,000 99,000,000 177,100,000 71,955,029 (35,259,770) 33,097,508 23,308,075 28,645,200 85,050,783 (92,049,217) TEI/Town Square Combined TIF RE Tax Cashflow Town Square Bond Pmts Phase 1 + Phase 2 TEI Project: Additional Value 701 9 EXHIBIT C – CONTINUED - TEI TIF Proposal/Cash Flow RE Tax Growth Rate 2% Yr. Inc. RE Tax PBC & BB @ 66% TIF Rebate @ 95% Inc. RE Tax PBC & BB @ 66% TIF Rebate @ 95% Inc. RE Tax PBC & BB @ 66% TIF Rebate @ 95% 2024 - - - - - - - - - 2025 - - - - - - - - - 2026 - - - - - - - - - 2027 - - - - - - - - - 2028 - - - - - - - - - 2029 - - - - - - - - - 2030 3,250,000 2,145,000 2,037,750 - - - 3,250,000 2,145,000 2,037,750 2031 3,315,000 2,187,900 2,078,505 - - - 3,315,000 2,187,900 2,078,505 2032 3,381,300 2,231,658 2,120,075 - - - 3,381,300 2,231,658 2,120,075 2033 3,448,926 2,276,291 2,162,477 3,300,000 2,178,000 2,069,100 6,748,926 4,454,291 4,231,577 2034 3,517,905 2,321,817 2,205,726 3,366,000 2,221,560 2,110,482 6,883,905 4,543,377 4,316,208 2035 3,588,263 2,368,253 2,249,841 3,433,320 2,265,991 2,152,692 7,021,583 4,634,245 4,402,532 2036 3,660,028 2,415,618 2,294,837 3,501,986 2,311,311 2,195,745 7,162,014 4,726,929 4,490,583 2037 3,733,228 2,463,931 2,340,734 3,572,026 2,357,537 2,239,660 7,305,255 4,821,468 4,580,395 2038 3,807,893 2,513,209 2,387,549 3,643,467 2,404,688 2,284,454 7,451,360 4,917,897 4,672,002 2039 3,884,051 2,563,474 - 3,716,336 2,452,782 2,330,143 7,600,387 5,016,255 2,330,143 2040 3,961,732 2,614,743 - 3,790,663 2,501,837 - 7,752,395 5,116,580 - 2041 4,040,967 2,667,038 - 3,866,476 2,551,874 - 7,907,442 5,218,912 - 2042 4,121,786 2,720,379 - 3,943,805 2,602,912 - 8,065,591 5,323,290 - 2043 4,204,222 2,774,786 - 4,022,682 2,654,970 - 8,226,903 5,429,756 - 2044 4,288,306 2,830,282 - 4,103,135 2,708,069 - 8,391,441 5,538,351 - 2045 4,374,072 2,886,888 - 4,185,198 2,762,231 - 8,559,270 5,649,118 - 2046 4,461,554 2,944,625 - 4,268,902 2,817,475 - 8,730,455 5,762,101 - 2047 4,550,785 3,003,518 - 4,354,280 2,873,825 - 8,905,065 5,877,343 - 2048 4,641,800 3,063,588 - 4,441,366 2,931,301 - 9,083,166 5,994,889 - 2049 4,734,636 3,124,860 - 4,530,193 2,989,927 - 9,264,829 6,114,787 - 2050 4,829,329 3,187,357 - 4,620,797 3,049,726 - 9,450,126 6,237,083 - 2051 4,925,916 3,251,104 - 4,713,213 3,110,720 - 9,639,128 6,361,825 - 2052 5,024,434 3,316,126 - 4,807,477 3,172,935 - 9,831,911 6,489,061 - 2053 5,124,923 3,382,449 - 4,903,626 3,236,393 - 10,028,549 6,618,842 - 2054 5,227,421 3,450,098 - 5,001,699 3,301,121 - 10,229,120 6,751,219 - 2055 5,331,969 3,519,100 - 5,101,733 3,367,144 - 10,433,702 6,886,244 - 2056 5,438,609 3,589,482 - 5,203,768 3,434,487 - 10,642,376 7,023,968 - 2057 5,547,381 3,661,271 - 5,307,843 3,503,176 - 10,855,224 7,164,448 - 2058 5,658,329 3,734,497 - 5,414,000 3,573,240 - 11,072,328 7,307,737 - 2059 5,771,495 3,809,187 - 5,522,280 3,644,705 - 11,293,775 7,453,892 - 2060 5,886,925 3,885,371 - 5,632,725 3,717,599 - 11,519,651 7,602,969 - 2061 6,004,664 3,963,078 - 5,745,380 3,791,951 - 11,750,044 7,755,029 - 2062 6,124,757 4,042,340 - 5,860,287 3,867,790 - 11,985,044 7,910,129 - 2063 6,247,252 4,123,186 - 5,977,493 3,945,146 - 12,224,745 8,068,332 - Total 156,109,855 103,032,504 19,877,494 139,852,155 92,302,422 15,382,276 295,962,010 195,334,926 35,259,770 Avg. 4,591,466 3,284,353 2,186,243 4,113,299 3,171,273 1,922,784 8,704,765 6,485,663 3,205,434 TIF Years: 9 TIF Years: 7 TIF Years: 10 TotalPhase 1 Phase 2 702 10 EXHIBIT D –TEI TIF STRUCTURE COMPARISON W/HYPERION TIF Structure Comparison TEI Hyperion Total Units 898 371 Total Retail SF 23,500 25,000 Total TIF Rebate Amt 35,259,770$ 9,000,000$ Total TIF Rebate/Unit 39,265$ 24,259$ Annual TIF Rebate % 95% 95% Project Specific Contri. to BB: Parking Spaces Contibuted 435$ 90$ Parking Cost/Space 59,770$ 55,556$ Parking Value Contributed 26,000,000$ 5,000,000$ WFH PMT 4,484,720$ - Additional Impact, Other Fees 13,826,355$ 5,712,225 Streetscape Improvements 3,000,000$ 1,500,000 Settlement to City at Land Closing 5,000,000$ - Total Proj Spec Contribution 52,311,075$ 12,212,225 Value/Unit 58,253$ 32,917$ Net Value to BB: Cost / (Benefit) (18,988)$ (8,658)$ Public Parking Spaces Provided 435 90 Metered Spaces 363 90 City Share of Parking Rev. 100% 20% Avg. Post-TIF Ann. Incr. RE Tax 6,485,663$ 1,700,000$ Avg. Post-TIF Ann. Incr. RE Tax/Unit 7,222$ 4,582$ TIF Contin. Construc. Start Dates Yes Yes 703 11 EXHIBIT E – TEI TIF TIMELINE SUMMARY Estimated Project Timeline, TIF Sum. Phase 1 Phase 2 Constr. Start Date Per Dev Agmt 5/1/2030 none Constr. Start Date Required Under TIF 7/1/2026 1/1/2032 Constr. Complete 7/1/2028 1/1/2034 Stabilized Date 1/1/2030 7/1/2035 TIF Duration 9.75 Years 7.43 Years TIF Start 1/1/2030 1/1/2035 TIF End 10/1/2039 6/1/2042 704 12 EXHIBIT F – PUBLIC BENEFITS & ECONOMIC IMPACT Short Term Public Benefits from Project Total Parking Value Contributed 26,000,000 WFH PMT 4,484,720 Additional Impact, Other Fees 13,826,355 Streetscape Improvements 3,000,000 Settlement to City at Land Closing 5,000,000 Total Short Term Public Benefits 52,311,075 Long Term Public Benefits from Proj. 2045 2063 Net Incre. RE Tax (PCB + BB Share) 33,097,508 150,308,410 Poten. Parking Revs. 28,645,200 64,418,850 Total Revs to City (2024-2045) 61,742,708 214,727,260 Direct & Indirect Eco. Impact from Project 2063 Direct: Total Short Term Public Benefits 52,311,075$ Direct: Total Net Incremental RE Tax 150,308,410$ Direct: Total Potential Parking Revenues 64,418,850$ Indirect: Spending, Job Creation -Construc. Per. 228,000,000$ Indirect: Spending, Job Creation - Post Constr. 3,218,432,000$ Gross Economic Impact 3,713,470,335$ Local Economic Impact - During Construction Phase Construction Period Years 6.00 Total Hard Const. Cost Spent 300,000,000 Labor Portion 50% 150,000,000 Materials Portion 50% 150,000,000 Local Labor Portion 75% 112,500,000 Local Materials Portion 25% 37,500,000 Total Local Spending 150,000,000 Total Local Jobs Created/Supported 426 Ann. New Spending/Yr. Generated 38,000,000 Spending over Construction Period 6.00 228,000,000 Local Economic Impact - Post Construction, Permanent Total Units 898 Avg Rent Per Mo., Per Year 3,200$ 38,400$ Gross Income/Unit 30% 128,000$ Total Gross Income 114,944,000$ Local Consumption/Spending/Yr. 70% 80,460,800$ Local Spending Over 40 years 40 3,218,432,000$ Permanent Jobs Supported 340 705 Units WFH REQ 800 SF or < 800 SF - 1,399 SF 1,400 SF+ Total Res Retail SF < 39,999 SF Highturn Over Rest. North Parcel 61 170 213 50 433 8,454 8,454 South Parcel 61 165 278 22 465 3,408 3,408 Total 122 335 491 72 898 11,862 Allocation % 37.3% 54.7% 8.0% 100% Project Data Construction Cost Total 300,000,000 Units 898 Avg Unit NSF 973 Total NSF 873,466 North Parcel South Parcel Total PB County Impact Fees 3,721,849 3,837,023 7,558,872 BB Stormwater 407,012 382,727 789,738 Water & Sewer Cap Fees 867,052 904,222 1,771,274 Meter Connection Fee 3,560 3,560 7,120 Public Art Fee 1%500,000 500,000 1,000,000 BB Site Plan Approval Fees 5,150 4,400 9,550 BB Master Plan Fees 3,000 3,000 BB Building Permit Review Fees 395,000 395,000 790,000 BB Construction Permit Fee*377,875 377,875 755,750 BB Police Impact Fee 169,745 174,925 344,670 BB Fire and Life Safey 454,500 454,500 909,000 BB Fire Assesment 110,830 110,480 221,310 BB Parks 621,788 667,740 1,289,528 BB Dept of Busineess and Professional Regulation Surcharge15,458 15,458 30,915 BB Building Code Admin and Inspectors Fund Surcharge 23,186 23,186 46,373 BB WFH Payment in Lieu 2,242,360 2,242,360 4,484,720 BB Green Building Program Fee^75,000 75,000 150,000 Civil/Agency Fees FDOT 1,500 1,500 3,000 SFWMD 5,000 5,000 10,000 FDEP 1,000 1,000 2,000 Sub Total/Agencies 7,500 7,500 15,000 Grand Total Fees 10,000,865 10,175,955 20,171,821 *BUILDING PERMIT REVIEW FEE DEDUCTED FROM CONTRUCTION PERMIT FEE ^ BB GREEN BUILDING PROGRAM FEE IS NOT ASSESSED IF BUILDING IS CERTIFIED BY A RECOGNIZED CERTIFICATION PROGRAM APPROVED BY THE CITY AND COMPLIES WITH THE FLORIDA BUILDING CODE 25% BUILDING DEPT FEES DISCOUNT IF PRIVATE PROVIDER REVIEWS Boyton Beach Town Square Residential Development 706 TOWN SQUARE North/South Parcels TIF Request Boynton Beach CRA 1.14.25 707 708 709 710 Town Square Background •2022/2023 |TEI negotiations with City/JKM to take over the private portion of the Town Square PPP •May 2023 |City Commission approved Town Square Development Agreement which allowed: all litigation with City/JKM to be resolved –including a $5MM settlement payment to City land swap –creating better development parcels for both TEI and City agreements for City/public parking to be incorporated into the development plan TEI to purchase the North/South parcels TEI to improve the Public/Private components of the Master Plan establishment of the PPP terms for implementation of the development plan •May 2024 |City Commission approved Site Plans of North/South Parcels with improved layouts, architecture,increased commercial space,pedestrian amenities and incorporated public parking. •Town Square greatly influences the future of the City/CRA.These prior efforts and the TIF request is necessary for the viable development of Town Square North/South Parcels and will have direct financial benefits for the City/CRA including ~$8.5MM/year bond interest payments through 2045.711 REVISED MASTER PLAN712 South Parcel/Phs. 1 North Parcel/Phs. 2 Total Res. Units 465 433 898 Total Parking Spaces 1,005 1,049 2,054 City Parking Spaces 224 249 473 Retail SF 6,500 17,000 23,500 Site Plan Approved Yes, Spring 2024 Yes, Spring 2024 Overview South Parcel/Phs. 1 North Parcel/Phs. 2 Total Land Cost 22,000,000 22,000,000 44,000,000 Hard/Soft Cost 200,000,000 200,000,000 400,000,000 Total Dev. Cost 222,000,000 222,000,000 444,000,000 Development Cost 713 714 715 716 717 718 719 720 721 722 Bonnie Miskel – Miskel Backman LLP 723 TIF Award is Key to Unlocking Town Square •At a cost of $~450MM, the Town Square Residential project is set to be the largest, most expensive, most impactful development in the history of Boynton Beach. •Without TIF to fund the Fiscal Gap, the project is not economically viable and cannot move forward. •Fiscal Gap is confirmed by independent economists engaged by both the developer and the City. 724 725 726 Town Square “Fiscal Gap”– TWO PHASES •Southern Parcel/Master Plan Phase 2: •Fiscal Gap AMT: $20,000,000 •Approx Term: 10 years •Proposed Start Date for TIF:July 1, 2026 •Currently Required Start Date: None •Northern Parcel/Master Plan Phase 3: •Fiscal Gap AMT: $15,000,000 •Approx Term: 8 years •Proposed Start Date for TIF:July 1, 2032 •Currently Required Start Date: None 727 South Parcel/Phs. 1 North Parcel/Phs. 2 Total Total TIF Request (TEI)20,000,000 15,000,000 35,000,000 TIF Rebate/Yr.2,000,000 2,000,000 4,000,000 Est. TIF Yrs.10 8 TIF AMT/Fishkind 33,800,000 24,600,000 58,400,000 Fiscal Gap/TIF Request South Parcel/Phs. 1 North Parcel/Phs. 2 Req'd. Per Dev. Agmt None None Dates w.TIF 7/1/2026 7/1/2032 Construction Start Dates 728 729 730 Year Inc. RE Tax*Parking Rev.Fees Total CRA City Total 1 2024 -$ -$ 5,000,000$ 5,000,000$ 3,550,000$ 4,500,000$ 8,050,000$ 2 2025 -$ -$ -$ -$ 3,550,000$ 4,500,000$ 8,050,000$ 3 2026 -$ -$ 9,567,358$ 9,567,358$ 3,550,000$ 4,500,000$ 8,050,000$ 4 2027 -$ -$ -$ -$ 3,550,000$ 4,500,000$ 8,050,000$ 5 2028 -$ -$ -$ -$ 3,550,000$ 4,500,000$ 8,050,000$ 6 2029 -$ -$ -$ -$ 3,550,000$ 4,500,000$ 8,050,000$ 7 2030 -$ 337,001$ 8,740,717$ 9,077,718$ 3,550,000$ 4,500,000$ 8,050,000$ 8 2031 -$ 347,111$ -$ 347,111$ 3,550,000$ 4,500,000$ 8,050,000$ 9 2032 -$ 357,524$ -$ 357,524$ 3,550,000$ 4,500,000$ 8,050,000$ 10 2033 -$ 781,724$ -$ 781,724$ 3,550,000$ 4,500,000$ 8,050,000$ 11 2034 -$ 805,176$ -$ 805,176$ 3,550,000$ 4,500,000$ 8,050,000$ 12 2035 -$ 829,331$ -$ 829,331$ 3,550,000$ 4,500,000$ 8,050,000$ 13 2036 -$ 854,211$ -$ 854,211$ 3,550,000$ 4,500,000$ 8,050,000$ 14 2037 -$ 879,837$ -$ 879,837$ 3,550,000$ 4,500,000$ 8,050,000$ 15 2038 -$ 906,232$ -$ 906,232$ 3,550,000$ 4,500,000$ 8,050,000$ 16 2039 2,435,300$ 933,419$ -$ 3,368,719$ 3,550,000$ 4,500,000$ 8,050,000$ 17 2040 4,860,751$ 961,422$ -$ 5,822,173$ 3,550,000$ 4,500,000$ 8,050,000$ 18 2041 4,957,966$ 990,264$ -$ 5,948,231$ 3,550,000$ 4,500,000$ 8,050,000$ 19 2042 5,057,126$ 1,019,972$ -$ 6,077,098$ 3,550,000$ 4,500,000$ 8,050,000$ 20 2043 5,158,268$ 1,050,571$ -$ 6,208,840$ 3,550,000$ 4,500,000$ 8,050,000$ 21 2044 5,261,434$ 1,082,089$ -$ 6,343,522$ 3,550,000$ 4,500,000$ 8,050,000$ 22 2045 5,366,662$ 1,114,551$ -$ 6,481,214$ 3,550,000$ 4,500,000$ 8,050,000$ 23 2046 5,473,996$ 1,147,988$ -$ 6,621,983$ -$ -$ -$ 24 2047 5,583,475$ 1,182,427$ -$ 6,765,903$ -$ -$ -$ 25 2048 5,695,145$ 1,217,900$ -$ 6,913,045$ -$ -$ -$ 26 2049 5,809,048$ 1,254,437$ -$ 7,063,485$ -$ -$ -$ 27 2050 5,925,229$ 1,292,070$ -$ 7,217,299$ -$ -$ -$ 28 2051 6,043,733$ 1,330,832$ -$ 7,374,566$ -$ -$ -$ 29 2052 6,164,608$ 1,370,757$ -$ 7,535,366$ -$ -$ -$ 30 2053 6,287,900$ 1,411,880$ -$ 7,699,780$ -$ -$ -$ 31 2054 6,413,658$ 1,454,237$ -$ 7,867,895$ -$ -$ -$ 32 2055 6,541,931$ 1,497,864$ -$ 8,039,795$ -$ -$ -$ 33 2056 6,672,770$ 1,542,800$ -$ 8,215,570$ -$ -$ -$ 34 2057 6,806,225$ 1,589,084$ -$ 8,395,309$ -$ -$ -$ 35 2058 6,942,350$ 1,636,756$ -$ 8,579,106$ -$ -$ -$ 36 2059 7,081,197$ 1,685,859$ -$ 8,767,056$ -$ -$ -$ 37 2060 7,222,821$ 1,736,435$ -$ 8,959,255$ -$ -$ -$ 38 2061 7,367,277$ 1,788,528$ -$ 9,155,805$ -$ -$ -$ 39 2062 7,514,623$ 1,842,183$ -$ 9,356,806$ -$ -$ -$ 40 2063 7,664,915$ 1,897,449$ -$ 9,562,364$ -$ -$ -$ Total 150,308,410$ 40,129,921$ 23,308,075$ 213,746,406$ 78,100,000$ 99,000,000$ 177,100,000$ Town Square Public Bond PMTSESTIMATED Town Square Development - Public REVENUES * Various assumptions, including that BBCRA is extended after 2045. If BBCRA does not get extended, total incremental RE Tax revenue to CRA might be $50MM less. $177MM in Bond PMTS thru 2024 ~$200MM+ Revenues thru 2062 731 Two -Phase TIF •Town Square is ONE project, not two separate projects – having TIF now for both Phases allows TEI to attract the most efficient financing and investor partners needed to execute the full vision. •Second Phase TIF request is 25% less than First Phase, to account for (aspirational) market rent growth. 732 Public Benefits Per Site Plans/Dev Agmt •TEI to deliver 479 parking spaces to City upon completion of both phases, at a value of over $25MM. •The garage spaces are leased to BB for 100 years at $0.0/year rent. BB has 100% revenue share (after paying prorata OpEx). •TEI to pay ~$4.5MM to WFH fund, largest payment ever, may allow for the development and/or improvement of hundreds of units. 733 Public Benefits Per Site Plans/Dev Agmt •Project also includes: • ~23,000 SF of new retail stores. •~$3,000,000 in streetscape improvements, •~$14,000,000 in fees – including permits fees, impact fees, art in public places fee, etc. •$180,000 for new public restrooms at Town Square 734 735 736 Thank you 737 Additional/Backup Slides, Only if Needed – Not part of main presentation 738 Detailed Site Plans/Master Plan 739 740 741 742 North Parcel – Town Square – Site Plan 743 North Parcel – Town Square – Site Plan 744 South Parcel – Town Square – Site Plan 745 South Parcel – Town Square – Site Plan 746 TEI/BB Development Agmt 747 748 749 750 Original Town Square Residential Plan 751 752 753 754 130 E. Boynton Beach Blvd. & 120 SE 1st Ave. Boynton Beach, FL BOYNTON TOWN SQUARE 755 BOYNTON TOWN SQUARE Garage Elevations East Elevation (Facing NE 1st Street) West Elevation (Facing Seacrest Blvd.) South Elevation (Facing Schoolhouse & Parks) 756 130 E. Boynton Beach Blvd. & 120 SE 1st Ave. Boynton Beach, FL 757 130 E. Boynton Beach Blvd. & 120 SE 1st Ave. Boynton Beach, FL Rez. Southern Block 758 130 E. Boynton Beach Blvd. & 120 SE 1st Ave. Boynton Beach, FL 759 Fishkind Fiscal Gap 760 No TIF With TIF No TIF With TIF No TIF With TIF TIF Amount -$ 33,840,000$ -$ 24,600,000$ -$ 58,440,000$ Present Value of TIF -$ 22,839,185$ -$ 15,610,338$ -$ 38,449,524$ Phase I South Building Phase II North Building Phase I + Phase II 761 Cost Basis Category No TIF With TIF No TIF With TIF Land 22,580,243$ 22,580,243$ 21,419,757$ 21,419,757$ Plus:Development Cost 208,156,600 208,156,600 199,385,602 199,385,602 Total Cost 230,736,843$ 230,736,843$ 220,805,359$ 220,805,359$ Phase I South Building Phase II North Building Category No TIF With TIF Land 44,000,000$ 44,000,000$ Plus:Development Cost 407,542,202 407,542,202 Total Cost 451,542,202$ 451,542,202$ Phase I + Phase II 762 Stabilized NOI forecast by Fishkind 2032 Revenues Stabilization Gross Potential Income $19,539,104 Vacancy 781,564 Revenue 18,757,540 Retail Revenue (Net 254,068 Total Revenue $19,011,608 Expenses Marketing $178,751 Operating Expenses 2,144,627 Administrative Expens 392,460 Management Fees 332,703 Property Insurance 930,000 RE Taxes 2,859,750 Total Expenses $6,838,291 NOI $12,173,317 2035 Revenues Stabilization Gross Potential Income $18,548,625 Vacancy 741,945 Total Apartment Revenue 17,806,680 Retail Revenue (Net of Vacancy)642,504 Total Revenue $18,449,184 Expenses Marketing $166,450 Operating Expenses 1,997,040 Administrative Expenses 365,452 Management Fees 322,861 Property Insurance 866,000 RE Taxes 2,662,950 Total Expenses $6,380,752 NOI $12,068,432 Phase 1 Phase 2 763 Overall Regional Rate of Return 764 Stabilized Value and Present Value Stabilized No TIF With TIF No TIF With TIF Stabilized NOI 12,173,317$ 12,173,317$ 12,068,432$ 12,068,432$ Divide by:Capitalization Rate 5.000%5.000%4.985%4.985% Stabilized Value 243,466,334$ 243,466,334$ 242,094,918$ 242,094,918$ Present Value Stabilized 225,016,026$ 225,016,026$ 222,613,960$ 222,613,960$ Phase I South Building Phase II North Building Purchase Investment Stable / Sale Present Value Stabilized Calculation 2024 2025 2026 2027 2028 2029 2030 -$22,580,243 -$208,156,600 $243,466,334 NPV @ 7.8%-$5,720,817 Cost $230,736,843 Present Value Stabilized $225,016,026 Phase 1 765 Stabilized Value and Present Value Stabilized No TIF With TIF No TIF With TIF Stabilized NOI 12,173,317$ 12,173,317$ 12,068,432$ 12,068,432$ Divide by:Capitalization Rate 5.000%5.000%4.985%4.985% Stabilized Value 243,466,334$ 243,466,334$ 242,094,918$ 242,094,918$ Present Value Stabilized 225,016,026$ 225,016,026$ 222,613,960$ 222,613,960$ Phase I South Building Phase II North Building Phase 2 Purchase Investment Stable / Sale Present Value Stabilized Calculation 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 -$21,419,757 -$199,385,602 $242,094,918 NPV @ 7.8%$1,808,601 Cost $220,805,359 Present Value Stabilized $222,613,960 766 GAP Analysis: Return on Cost without TIF No TIF With TIF No TIF With TIF TIF Amount -$ 33,840,000$ -$ 24,600,000$ Present Value of TIF -$ 22,839,185$ -$ 15,610,338$ Present Value Stabilized 225,016,026 225,016,026 222,613,960 222,613,960 Plus:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 Plus:Present Value of TIF - 22,839,185 - 15,610,338 Profit (5,720,817)$ 17,118,368$ 1,808,601$ 17,418,939$ Divide by:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 Return on Cost -2.5%7.4%0.8%7.9% RealtyRate-OAR Region Overall Regional Rate of R 7.8%7.8%7.8%7.8% Variance to OAR -10.28%-0.38%-6.98%0.09% Phase I South Building Phase II North Building Less: 767 GAP Analysis: Return on Cost WITH TIF No TIF With TIF No TIF With TIF TIF Amount -$ 33,840,000$ -$ 24,600,000$ Present Value of TIF -$ 22,839,185$ -$ 15,610,338$ Present Value Stabilized 225,016,026 225,016,026 222,613,960 222,613,960 Plus:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 Plus:Present Value of TIF - 22,839,185 - 15,610,338 Profit (5,720,817)$ 17,118,368$ 1,808,601$ 17,418,939$ Divide by:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 Return on Cost -2.5%7.4%0.8%7.9% RealtyRate-OAR Region Overall Regional Rate of R 7.8%7.8%7.8%7.8% Variance to OAR -10.28%-0.38%-6.98%0.09% Phase I South Building Phase II North Building Less: 768 GAP Analysis: Return on Cost WITH TIF Combined No TIF With TIF No TIF With TIF No TIF With TIF TIF Amount -$ 33,840,000$ -$ 24,600,000$ -$ 58,440,000$ Present Value of TIF -$ 22,839,185$ -$ 15,610,338$ -$ 38,449,524$ Present Value Stabilized 225,016,026 225,016,026 222,613,960 222,613,960 447,629,985 447,629,985 Plus:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 451,542,202 451,542,202 Plus:Present Value of TIF - 22,839,185 - 15,610,338 - 38,449,524 Profit (5,720,817)$ 17,118,368$ 1,808,601$ 17,418,939$ (3,912,217)$ 34,537,307$ Divide by:Total Cost 230,736,843 230,736,843 220,805,359 220,805,359 451,542,202 451,542,202 Return on Cost -2.5%7.4%0.8%7.9%-0.9%7.6% RealtyRate-OAR Region Overall Regional Rate of Re 7.8%7.8%7.8%7.8%7.8%7.8% Variance to OAR -10.28%-0.38%-6.98%0.09%-8.67%-0.15% Phase I South Building Phase II North Building Phase I + Phase II Less: 769 VITREOUS CHINALAVATORYPINOIRK-2035-8 14 M 14 M 14 M14 M 14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M 14 M 14 M 14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 MPHONE BOOTHSLIBRARYLIBRARYAir HockeyFoosballShuffle BoardZERO GRAVITYMASSAGE CHAIRSTVF.O.D. ScreenLH HL LHHADAADAADAADAADALH HL LHHfly/rear delt preacher curlglute ADAADAADAADAADADrinkingFountainREFRIGERATED (Beverage)PRODUCT MIX (Sundries) PRODUCT MIX (Food) PRODUCT MIX (Food)POSPRODUCT MIX(Food)SNACK CABINETSNACK CABINETREFRIGERATED (Food) oven/ micro. 36" refrig.dishw.trash36" refrig. 10' STPBK BUILD TO LINE 10' STPBK10' STPBK10' STPBKBUILD TO LINEBUILD TO LINEBUILD TO LINEPASSIVE COURT POST-TENSIONED GARAGE RETAIL #1 S.E. 1ST AVE. S.E. 2ND AVE.S.E. 1ST STREETN. SEACREST BOULEVARD9 STORY / 1,005 SP POOL COURT TRASH RM. #1 POOL EQUIPM. RM. MAINT. RM.B. TRASH STAGING LOADING #1 #2 MAIN ELEC.FPL VAULT F.D. BULK HOLDING TRASH RM. #2 LOADING #3 STORAGE LEASING MAIL ROOM 3,654 SQ. FT. 1,078 SQ. FT.1,549 SQ. FT. BOH: 5,912 SQ. FT. 977 SQ. FT. 2,109 SQ. FT. VOID RETAIL #2 3,162 SQ. FT. PET SPA PROPERTY LINE PROPERTY LINE PROPERTY LINEPROPERTY LINE1,088 SQ. FT. BIKE STORAGE 74 SP 1149 SQ. FT. TENANT STORAGE TENANT CO-WORK 2,175 SQ. FT. COVERED TERRACE OUTDOOR LOUNGES PACKAGE ROOM 1,077 SQ. FT. COURT AMENITY 14,914 SQ. FT. 948 SQ. FT. POOL EQUIPM. LOBBY W W W W W W W SS SS SS SS SS SS W W W W W W E E E E E E E SS SS SS SS SS STRM STRM STRM STRM SFM SFM SFM SFM SFM F F F F F F F STRM STRM STRM STRM STRM GAS GAS GAS DB DB DB DB DB DB A-2.2.1 SITE PLAN BUILDING II (SOUTH PARCEL)BOYNTON TOWN SQUARENORTH SITE PLAN - BUILDING II (SOUTH PARCEL)NOTE: ALL COMMON OPEN SPACE OR PEDESTRIAN AMENITY AREAS SHALL BE MAINTAINED BY THE OWNER(S) OF THE DEVELOPMENT. (CHAPTER 4, ARTICLE III, SEC 8.B.6.MAINTENANCE) *NOTE (DESCRIPTION): This development is proposing a large and vast variety of amenity program that will support and promote public health and safety. With over 18,000 sf of airconditioned amenities and nearly 30,000 sf of outdoor amenities it offers plenty of opportunities for residents to improve their physical and mental health. Some of the main amenity programs are a state-of-the-art gym, with a yoga room as well as private rooms. A spa center for massages and physical therapy which includes its own lobby/ lounge. A kids lounge, keeps children in a safe environment designed to enhance the children's experience. An art studio for residents to explore their creativity. A large game room with different game, TVs, arcade like games for all residents to enjoy. A cocktail lounge and other lounges throughout to promote social interaction within the community. A chef's kitchen and private dinning area for those residents who would like to explore their culinary dreams and can even be used for cooking classes or as an extension to the clubhouse and lounges. A large Clubroom with plenty of sectioned seating and bars. A large co-working area with conference rooms, office booths and common areas allows residents who work from home to escape the confines of their apartments while maintaining a quiet and professional space to work from. Two large pools are provided, One pool is designed as a lap pool which promotes good physical activity, open space cabanas and covered lounges opened to the pool decks are also provided and a lush and full landscape program can be found throughout. A jacuzzi area is also provided along with fire pits, seating, and a large water feature that will provides for a tranquil environment and experience to sooth the mind. All of these areas are protected and secured, other courtyards are also provided with public access along the perimeter of the buildings with retail components, these areas further encourage social and community interactions while keeping eyes of the street which improves overall safety. No buildings or structures (including overhangs and footers) shall be constructed within the right-of-way. Correct sight triangle to align with right of way Correct sight triangle to align with right of way APPROVED APPROVED APPROVED APPROVED APPROVED APPROVED APPROVED APPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVED APPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVED City Commission April 2, 2024 Project #: ___________________________CDPA,HTEX,MSPM - 2023.11.79608 770 14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M 14 M14 M 14 M 14 M14 M14 M14 M14 M14 M14 M 14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M 14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 M14 MFEATURE WALLCOMMUNAL TABLEPHONE BOOTHSCOCOON CHAIRS LOUNGE REFRIGERATED (Beverage)PRODUCT MIX (Sundries) PRODUCT MIX (Food) PRODUCT MIX (Food)POSPRODUCT MIX(Food)PRODUCT MIX(Sundries)PRODUCT MIX(Food)SNACK CABINETSNACK CABINETREFRIGERATED (Food)BARLIBRARYLIBRARYDrinkingFountainTVFEATURE WALLAir HockeyFoosballShuffle BoardTV Pool TableCocktail TableTV ZERO GRAVITYMASSAGE CHAIRSWASH BASIN WASH BASIN WASH BASIN BENCH/ LEASHSMALL DOGS SINKGATE oven/ micro. 36" refrig.dishw.trashTV TV 36" refrig. TV TV TV TV ADAADAADAADAADAF.O.D. ScreenLH HL LHHF.O.D. Screenfly/rear delt preacher curlADAADAADAADAADAADANOTE: EQUIPMENT POWER LOCATION BY FITNESS CONSULTANT fly/rear delt BUILD TO LINE 10' STPBK BUILD TO LINE10' STPBK10' STPBKBUILD TO LINE10' STPBK BUILD TO LINE POOL COURT RETAIL #1 2,069 SQ. FT. E. BOYNTON BEACH BOULEVARD N.E. 1ST AVE.N.E. 1ST STREETN. SEACREST BOULEVARD9 STORY / 1,049 SP POST-TENSIONED GARAGE TRASH RM. #1 POOL EQUIPM. RM. MAINT. RM.B. BIKE STO. TRASH STAGING LOADING #1 MAIN ELEC.FPL VAULT F.D. BULK HOLDING TRASH RM. #2 LOADING #2 STORAGE ROOM 1,076 SQ. FT. BOH: 5,704 SQ. FT. 1,147 SQ. FT. 585 SQ. FT. MAIN ENTRY PASSIVE COURT MAIN LOBBY 1,549 SQ. FT. RETAIL #3 1,796 SQ. FT.940 SQ. FT. PACKAGE MAIL ROOM CO-WORK VOID AMENITY 14,907 SQ. FT. PET SPA 51 SP PROPERTY LINE PROPERTY LINE PROPERTY LINEPROPERTY LINERETAIL #4 1,966 SQ. FT. 1,050 SQ. FT. TENANT STORAGE TENANT 1,045 SQ. FT. COVERED TERRACE OUTDOOR LOUNGES 2,316 SQ. FT. COURT COURT RETAIL #5 3,856 SQ. FT. COURTRETAIL #2 7,221 SQ. FT. COURT LEASING OFFICE LOBBY / AMEN. 1810 SQ. FT. POOL EQUIPM. SITE PLAN - BUILDING I (NORTH PARCEL) A-2.1.1 SITE PLAN BUILDING I (NORTH PARCEL)BOYNTON TOWN SQUARENORTH NOTE: ALL COMMON OPEN SPACE OR PEDESTRIAN AMENITY AREAS SHALL BE MAINTAINED BY THE OWNER(S) OF THE DEVELOPMENT. (CHAPTER 4, ARTICLE III, SEC 8.B.6.MAINTENANCE) W W W W W W SS SS SS SS SS STRM STRM STRM STRM GAS GAS GAS W W W W W E E E E E SS SS SS SS STRM STRM STRM SFM SFM SFM SFM F F F F F F DB DB DB DB DB *NOTE (DESCRIPTION): This development is proposing a large and vast variety of amenity program that will support and promote public health and safety. With over 18,000 sf of airconditioned amenities and nearly 30,000 sf of outdoor amenities it offers plenty of opportunities for residents to improve their physical and mental health. Some of the main amenity programs are a state-of-the-art gym, with a yoga room as well as private rooms. A spa center for massages and physical therapy which includes its own lobby/ lounge. A kids lounge, keeps children in a safe environment designed to enhance the children's experience. An art studio for residents to explore their creativity. A large game room with different game, TVs, arcade like games for all residents to enjoy. A cocktail lounge and other lounges throughout to promote social interaction within the community. A chef's kitchen and private dinning area for those residents who would like to explore their culinary dreams and can even be used for cooking classes or as an extension to the clubhouse and lounges. A large Clubroom with plenty of sectioned seating and bars. A large co-working area with conference rooms, office booths and common areas allows residents who work from home to escape the confines of their apartments while maintaining a quiet and professional space to work from. Two large pools are provided, One pool is designed as a lap pool which promotes good physical activity, open space cabanas and covered lounges opened to the pool decks are also provided and a lush and full landscape program can be found throughout. A jacuzzi area is also provided along with fire pits, seating, and a large water feature that will provides for a tranquil environment and experience to sooth the mind. All of these areas are protected and secured, other courtyards are also provided with public access along the perimeter of the buildings with retail components, these areas further encourage social and community interactions while keeping eyes of the street which improves overall safety. No building or structures shall be constructed within right of way or safe sight triangle. No building or structures shall be constructed within right of way or safe sight triangle. Provide written consent from each utility provider for encroachment into utility easements. No building or structures shall be constructed within right of way or safe sight triangle. No building or structures shall be constructed within right of way or safe sight triangle. Remove/revise gate so as not to encroach into right-of-way Remove/revise gate so as not to encroach into right-of-way 19'-10 1/2"APPROVED APPROVED APPROVED APPROVED APPROVED APPROVED APPROVED APPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVED APPROVEDAPPROVEDAPPROVEDAPPROVEDAPPROVED City Commission April 2, 2024 Project #: ___________________________CDPA,HTEX,MSPM,ZCVL - 2023.11.79573 80'-0"40'-1/4"44'-11"161,723.5 sf 771 ` FISCAL IMPACT AND FINANCIAL GAP ANALYSIS FOR BOYNTON BEACH TOWN SQUARE APARTMENTS June 28, 2024 Prepared for Mr. Zach Alerhand Director of Portfolio Strategy Boynton Beach Town Center Apartments V LLC 55 Fifth Avenue, 15th Floor. New York, New York 10003 Prepared by Fishkind Litigation Services, Inc. 3504 Lake Lynda Drive, Suite 107 Orlando, Florida 32817 Office: 407-382-3256 772 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 2 of 28 EXECUTIVE SUMMARY • Boynton Beach Town Center Apartments V, LLC is planning the development of Town Square Apartments. This two-building, eight-story, mixed-use development will include 898 market-rate rental apartments, 23,594 square feet of retail space, and 2,014 parking spaces. Phase I (southern parcel) will consist of 465 apartments,6,686 square feet of retail space, and a parking garage with 980 spaces. Phase II (northern parcel) will comprise 433 apartments,16,908 square feet of retail space, and a parking garage with 1,034 spaces. • The development of Town Square Apartments will impact the economy of Boynton Beach and Palm Beach county, generating 426 construction jobs and supporting 340 permanent jobs in Boynton Beach. • During the construction period, the project will support 426 jobs, measured on a full-time equivalent basis each year from 2025 to 2030. Of these, 344 will be directly supported by the construction, with the balance indirectly supported or induced by the flow of construction spending. More than $25 million in earnings will be generated yearly, with a value -added of almost $40 million annually. The Project is projected to be fully occupied and operational in 2031. At that time, the retail and residential components of the Project are estimated to be fully leased (at 96% occupancy for the apartments and 95% occupancy for the retail space). Residents' local spending and purchases in the Project’s retail space generate permanent economic impacts . The total local spending generated by the Project is $90 million annually . . • The City's budgetary net fiscal operating surplus will be $13.4 million cumulatively by 2047 and grow to $66 million by 2062. • The development of Town Square Apartments will generate $4.12 million per year on average in tax increment revenues for the Boynton Beach Community Redevelopment Agency for 15 years. • Boynton Beach Town Center Apartments V, LLC has agreed to provide (a) 473 public parking spaces at an estimated value of $29.8 million and (b) $4.5 million in contributions for workforce housing to benefit the City of Boynton Beach, which total $ 34.3 million. Upon completion, the Project will dramatically beautify the area through architecture, public sidewalks, landscaping, and lighting. The City's vision of Boynton Beach Town Square as a community center can only be fulfilled by the Developer’s contribution of 473 public parking spaces. The parking spaces will serve City Hall and Town Square by accommodating 773 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 3 of 28 the employees and the public. They will play a crucial role in encouraging the public to spend time in the downtown area and realizing the City’s vision for Town Square. • Development of Town Square Apartments will also provide the City (a) $ 1 million for Arts in Public Places, (b) over $534,000 in park impact fees, (c) $2.7 million in utility fees, and (d) building division fees of $703,000. The Developer desires to move forward with construction in Phase I in 2026 and Phase II in 2029. This schedule will enable the Project to be fully occupied and operational in 2031. As our analysis shows, any delay will negatively impact the City's budgetary net fiscal surplus and the BBCRA incremental tax revenues. These are sources of funds for the City’s Town Square bond obligation. • However, the Developer's contribution to the City and sharp increases in construction costs and interest rates are currently significantly challenging Town Square Apartments' capitalization and immediate development . • As a result, its projected rate of return now falls far below market levels. • The contribution of 95.4% of Town Square Apartments' incremental revenues to the BBCRA for fifteen years, totaling $58.44 million (present value of $38.9 million), closes the financial gap, making the Project financially viable. 774 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 4 of 28 1.0 Introduction 1.1 Assignment Boynton Beach Town Center Apartments V , LLC (“Client”) commissioned Fishkind Litigation Services, Inc. ("FLS") to (a) measure the economic and fiscal impacts of its Town Square Apartments project on Boynton Beach and (b) quantify the tax increment financing ("TIF") needed to make Town Square Apartments financially feasible ("Gap Analysis"). 1.2 Overview of the Report Our report begins with an overview of the Town Square Apartments project in Section 2. Section 3 presents the economic analysis measuring the jobs, earnings, and output supported by the construction and operation of Town Square Apartments. Section 4 turns to the fiscal impacts of Town Square Apartments on Boynton Beach's CRA and City government. FLS calculates the revenues generated by Town Square Apartments and the costs of providing public services to the Project. Finally, Section 5 quantifies the financial gap for Town Square Apartments, and the amount of TIF needed to make the Project financially feasible. 1.3 Limitations and Disclaimers Although our analysis is based on cost inputs from Boynton Beach Town Center Apartments V, LLC, consistent with our experience and third-party sources, including Costar and Realtyrates.com, FLS is solely responsible for our findings, analysis, and conclusions. Our report uses the most current data available at publication, but we must be retained to provide updates as economic conditions evolve. 2.0 Overview of Town Square Apartments 2.1 Location Town Square Apartments 9.67+/- acres are located within the 16.5+/- acres of Town Square, a private/public partnership between the City and private developers, about four blocks off Boynton Beach Boulevard east of Interstate 95. It stretches from Boynton Beach Boulevard south to Southeast Second Avenue and Seacrest Boulevard east to Northeast First Street. 775 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 5 of 28 Figure 1. Location Map for Project Phase 1 Property Outline in Yellow (sold line) & Phase 2 Property Outline In Red 2.2 Development Plan Town Square Apartments will be two eight-story buildings, a mixed-use development planned for 898 market rental apartments and 23,594 square feet of neighborhood retail space, constructed in two phases on two separate parcels. Phase I Phase II Total Apartment Units 465 433 898 Retail Square Feet 6,686 16,908 23,594 Parking Spaces 980 1,034 2,014 Construction Start 2026 2029 Construction Completion 24 months 24-months 776 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 6 of 28 Figure 1b. Project Site Plan Table 1. Development Program Summary for Town Square Apartments Source: Costar Underwriting Report for Client. As discussed below, the market determines the estimated monthly rental rates. Based on our market analysis, the estimated rents in Table 1 are competitive with recently developed apartment projects in Boynton Beach. To be successful, Town Square Apartments must be competitively priced and designed to promote a rapid rent increase for the apartments and retail space. Uses Volumes Average Unit Size Estimated Monthly Rent Uses Volumes Average Unit Size Estimated Monthly Rent Apartments Apartments Studio (1 bath)43 544 $1,958 Studio (1 bath)35 544 $1,958 1BR (1 bath)187 804 $2,791 1BR (1 bath)164 777 $2,689 2BR (2 bath)191 1109 $3,777 2BR (2 bath)177 1112 $3,793 3BR (2 bath)44 1,419 $4,826 3BR (2 bath)57 1,437 $4,886 Total Apartments 465 964 Total Apartments 433 982 Annual Annual Retail square feet 6,686 $40.00 Retail square feet 16,908 $40.00 Parking Spaces 448 Parking Spaces 498 Phase 1 Phase 2 777 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 7 of 28 3.0 Economic Impact Analysis 3.1 Overview Economic impact analysis calculates the financial effects of a change in economic activity on an area's economy, typically measured in terms of jobs, earnings, and value-added. In this application, the analysis focuses on the impacts of the construction and operations of Town Square Apartments on Boynton Beach's economy. Impacts from Town Square Apartments' construction and operational phases are measured in terms of jobs, earnings, and value-added. FLS used the IMPLAN input-output modeling system as described below. The economic impacts are estimated for Palm Beach County because that is the minor level of geography for which reliable calculations can be developed. Exhibit #1 contains a complete economic impact analysis and report. The results are summarized below. 3.2 Methodology To quantify the economic impact of the Project, FLS employed the IMPLAN input-output modeling system.1 Economists widely use IMPLAN to calculate the economic impacts of developing commercial land uses or residential apartments. IMPLAN is routinely used by the State of Florida 's Department of Economic Opportunity.2 IMPLAN is a computer software package comprising procedures for estimating local input-output models using locally specific databases. IMPLAN was initially developed by the U.S. Forest Service in cooperation with the Federal Emergency Management Agency and the U.S. Department of the Interior's Bureau of Land Management to assist in land and resource management planning. Since 1993, the IMPLAN system has been developed under exclusive rights by the Minnesota Implan Group, Inc., which licenses and distributes the software to users. Hundreds of authorized users exist in the United States, including universities, government agencies, and private companies. The Department of Food and Resource Economics at the University of Florida is a licensed user of IMPLAN along with the State of Florida and many other governments and private companies. We have used IMPLAN widely in our work. Input-output modeling was developed in the 1930s by Nobel Prize -winning economist Leontief.3 The methodology has been refined and used 1 www.IMPLAN.com 2 http://www.floridajobs.org/labor-market-information/products-and-services/economic-impact- analysis 3 Leontief, Wassily (1936), “Quantitative Input-Output Relations in the Economic System of the United States”, Review of Economics and Statistics, Volume 18, pages 105-125. 778 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 8 of 28 continuously since then.4 An input-output model is built around quantifying the interactions between industries (or sectors) within an economy. Each industrial or service activity within the economy (agriculture, mining, manufacturing, trade, services, etc.) is assigned to an economic sector, with the number of sectors determined by the level of detail desired. Then, for a one-year production period, a transactions table reflects the value of goods and services exchanged between sectors of the economy. The transactions table contains three components of the local economy: producing industries, final demand, and value-added, which capture all transactions within the economy. The transactions table shows how much each local industry purchased and sold to every other industry within the local economy. Values are expressed in dollars and track the movement of goods and services between industry sectors and between producing industries, final demand, and value-added components of the economy. Impact analysis using an input-output model estimates changes in final demand. Producing industries respond directly by selling to final consumers or indirectly by selling goods and services (intermediate inputs) to other sectors. The IMPLAN software and database quantify both the estimation of the transactions table for specific local areas and the resulting tables to estimate multipliers that capture the direct and indirect effects of changes in final demand. This analysis used IMPLAN calibrated for Palm Beach County (the minor geography available). This application calculates the change to final demand for each land use, retail and residential. The analysis is provided for each land use's construction and operating impacts once constructed and occupied. 3.3 Construction Period Impacts Boynton Beach Town Center Apartments V , LLC plans to construct Phase I in 2026 and Phase II in 2029. Each phase will take 24 months to complete. Construction costs are estimated at $ 320 million. Table 2 summarizes the economic impacts during the construction period. During the construction period, the Project will support 426 jobs measured on a full-time equivalent basis. Of these, 344 will be directly supported by the construction, with the balance indirectly supported or induced by the flow of construction spending. More than $25 million in earnings will be generated, with more than $38 million in value-added. 4 See Miller, Ronald E. and Peter D. Blair (2009), Input-Output Analysis, Cambridge University Press: NY, NY. 779 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 9 of 28 Table 2. Economic Impact Summary Construction Period of Town Square Apartments Full-Time Equivalent $ in Millions $ in Millions Category Jobs Earning Value Added Direct 344 $20 $29 Indirect 27 $2 $3 Induced 55 $3 $6. Total 426 $25 $38 Source: IMPLAN and FLS 3.4 Permanent Economic Impacts Town Square Apartments is projected to be fully occupied and operational by 2028 Phase I and 2031 Phase II. As Table 3 shows, the spending by the occupants of the 898 apartments and the sales at the 23,594 square feet of retail/commercial space will support 340 jobs, earn $18 million per year, and add $34 million in value. Table 3. Economic Impact Summary Stabilized Operations of Town Square Apartments Full-Time Equivalent $ in Millions $ in Millions Category Jobs Earning Value Added Direct 62 $2 $4 Indirect 10 $1 $1 Induced 268 $16 $30 Total 340 $18 $34 Source: IMPLAN and FLS 4.0 Fiscal Impacts 4.1 Overview In this application, fiscal impacts measure Town Square Apartments' cost and revenue effects on the budgets of Boynton Beach and its CRA ("BBCRA"). Exhibit #2 contains a complete fiscal impact analysis and report. The results are summarized below. 780 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 10 of 28 4.2 Methodology FLS calculates fiscal impacts based on (a) the latest adopted budgets for the government, (b) Florida laws governing CRAs and property taxation, and (c) demographic data on population, employment, and visitor volume. For a general-purpose government like the City, except for ad valorem revenues, operating revenues were calculated using the modified per capita method based on the City's actual for FY2022 as reported to the State of Florida, Division of Banking. FLS included the following fund types: (a) general fund, (b) special revenue fund, and (c) permanent fund. FLS excluded the following fund types: (a) debt service fund, (b) capital projects fund, (c) enterprise fund, (d) internal service fund, (e) fiduciary funds, and (f) revolving and clearing funds. The debt service fund is not involved because it relates to prior capital projects where pledged revenues are the funding source. FLS eliminates the capital project fund because development projects like Town Square Apartments are required to offset their capital impacts in the entitlements process. Finally, the enterprise fund comprises operations that are self- funding through their fees. FLS employs the modified per capita approach to precisely quantify the fiscal impacts of Town Square Apartments on the City. This approach, which excludes ad valorem revenues, methodically examines each revenue and expenditure account in the City's budget to determine its association with population, employment, or visitor volume. This method ensures a more accurate assessment of the development's financial effects on the City's budget. For example, law enforcement is provided to all residents, visitors, and employees. FLS divides Law enforcement costs by the full-time equivalent number of residents, visitors, and employees. This weighted expenditure is applied to Town Square Apartments to measure its impact on law enforcement costs. Other revenue and expenditure accounts are only related to residents. For instance, FLS determines municipal revenue sharing using a population formula. So, only residents are used to calculate the per capita revenue sharing figure to apply to Town Square Apartment's residents. 781 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 11 of 28 The BBCRA, established by City Ordinances 82-KK and 83-41, plays a significant role in the fiscal impact analysis. As an independent agency and component unit of the City, a board of elected officials governs the BBCRA. Its primary revenue source is tax increment revenues collected from the City and Palm Beach County within the legally defined redevelopment area of the BBCRA. For FY2023-24, the BBCRA will receive revenues based on the City millage rate of 7.85 and the County's general fund millage of 4.50 for a combined millage of 12.35. The development of Town Square Apartments will not necessitate any increase in BBCRA staff or operating costs. Additionally, Town Square Apartments will have a minimal impact on other non-ad valorem revenues for the BBCRA. Therefore, our analysis of the fiscal implications of Town Square Apartments on BBCRA will focus on its effects on BBCRA ad valorem revenues. 4.3 Fiscal Impacts of Town Square Apartments on the City's Budget Table 4 summarizes the fiscal impact of Town Square Apartments on the City's budget. The analysis is in constant 2024 dollars without trending for inflation. Town Square Apartments will have a taxable value of $198 million upon completion of Phase I. In 2031, a combined value of $400 million with Phase II completion. The Project is within Town Square's geographically targeted economic development area and is eligible for Tax Increment Financing ("TIF") from The Boynton Beach Community Redevelopment Agency ("CRA"). The CRA captures the increase in property taxes resulting from new development and diverts that revenue to subsidize that development. The BBCRA apportions ninety-five percent of the Project's tax increment revenues. After completing the gap financing provided by the CRA program in 2043, the Project will produce an annual fiscal surplus of $3.07 million. By 2047, the budgetary impact surplus on the City will be $3.217. Town Square Apartments will also generate almost $870,000 million per year in other revenues for the City. Still, the City will incur increased annual expenses to provide governmental services to Town Square Apartments. From 2028 to 2042, the Project will charge the City a cumulative net fiscal shortfall of $2.92 million, but from 2028 to 2062, the City will earn a cumulative net budgetary surplus of $66.3 million. 782 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 12 of 28 Table 4. Fiscal Impact of Town Square Apartments on the City of Boynton Beach Constant 2024 Dollars Source: FLS 4.4 Fiscal Impacts on the CRA's Budget Table 5 presents the fiscal impacts of the Town Square Apartments project on the BBCRA's budget. The assessed value is estimated based on the Project's development cost provided by Boynton Beach Town Center Apartments V, LLC and elaborated further below. In the initial years, the appraiser assesses commercial properties based on the cost approach. As time progresses, the appraiser transitions to the income approach. FLS projects that the residential property values will appreciate at a 1% real rate (1% more than inflation), and the retail component will escalate at a 1% real rate. This steady growth in property values is a reassuring indicator of the stability the Town Square Apartments project brings to the BBCRA's budget. The ad valorem taxes for the BBCRA revenues use the effective BBCRA millage rate, which totaled 12.35 in FY 2023-24 (the latest year for which complete information is available). This effective rate includes consideration of the 95% share of increment increases of ad valorem revenues the CRA receives and the assessment ratio the property appraiser applies to just property values to adjust from market value to assessed value. Table 4 Boynton Beach Town Square Fiscal Impact - Operating Revenue and Expenditures Year Assessed Value Ad Valorem Ad Valorem Transferred to BBCRA Total Operating Revenue Total Operating Expenditure Net Fiscal Impact Cumulative Net Fiscal Impact 2028 198,087,580 1,554,988 (1,363,801) 657,949 703,142 (45,194) (45,194) 2032 403,389,083 3,166,604 (2,894,837) 1,174,198 1,361,459 (187,261) (509,330) 2037 423,965,981 3,328,133 (3,048,289) 1,182,275 1,361,459 (179,184) (1,421,565) 2042 445,592,507 3,497,901 (3,209,569) 1,190,763 1,361,459 (170,696) (2,292,190) 2047 468,322,203 3,676,329 - 4,578,760 1,361,459 3,217,301 13,433,910 2052 492,211,342 3,863,859 - 4,766,290 1,361,459 3,404,831 30,079,274 2057 517,319,067 4,060,955 - 4,963,385 1,361,459 3,601,927 47,690,794 2062 543,707,539 4,268,104 - 5,170,535 1,361,459 3,809,076 66,317,754 783 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 13 of 28 Table 5. Fiscal Impact of Town Square Apartments on the Boynton Beach Community Redevelopment Agency's (BBCRA) Budget Source: FLS Based on genuine property appreciation, our projections indicate that the Project will contribute an average of $4.12 million annually to the BBCRA for fifteen years. This long-term commitment to the Project provides a secure and stable prospect for the BBCRA's financial stability, offering reassurance in the face of potential uncertainties. 4.5 Fiscal Capital Revenues The Project will generate fiscal capital revenues of $534,310 from Boynton Beach city parks and recreation facilities impact fee. In addition, the Developer has agreed to provide (a) 473 public parking spaces at an estimated value of $63,000/space for a total of $29.8 million and (b) $4.5 million in workforce housing contribution. The total fiscal capital revenues will be $34.3 million. Table 5 Boynton Beach CRA Boynton Beach Town Square Tax Increment Revenues Analysis Years Pre‐Project Property Tax Assessed Value Post‐Project Property Tax Assessed Value Property Tax Increment Value at Project Completion Tax Increment Revenue To CRA @95% Phase 1 Pledged Increment Revenue to Developer Phase 2 Pledged Increment Revenue to Developer NET-Tax Increment Revenue to CRA CRA Town Square Funding (City Bond Obligation) (2028-2037) Project % Contribution to CRA Town Square Funding 2028 17,129,592$ 198,087,580$ 180,957,988$ 2,012,234$ 2,000,000$ -$ 12,234$ 3,550,000$ 0.3% 2029 17,129,592$ 200,068,456$ 182,938,864$ 2,035,474$ 2,000,000 - 35,474 3,550,000 1.0% 2030 17,129,592$ 202,069,140$ 184,939,548$ 2,058,947$ 2,000,000 - 58,947 3,550,000 1.7% 2031 17,129,592$ 399,395,132$ 382,265,540$ 4,374,074$ 2,320,000 2,050,000 4,074 3,550,000 0.1% 2032 17,129,592$ 403,389,083$ 386,259,491$ 4,420,933$ 2,320,000 2,050,000 50,933 3,550,000 1.4% 2033 17,129,592$ 407,422,974$ 390,293,382$ 4,468,261$ 2,320,000 2,050,000 98,261 3,550,000 2.8% 2034 17,129,592$ 411,497,204$ 394,367,612$ 4,516,062$ 2,320,000 2,050,000 146,062 3,550,000 4.1% 2035 17,129,592$ 415,612,176$ 398,482,584$ 4,564,341$ 2,320,000 2,050,000 194,341 3,550,000 5.5% 2036 17,129,592$ 419,768,298$ 402,638,706$ 4,613,103$ 2,320,000 2,050,000 243,103 3,550,000 6.8% 2037 17,129,592$ 423,965,981$ 406,836,389$ 4,662,352$ 2,320,000 2,050,000 292,352 3,550,000 8.2% 2038 17,129,592$ 428,205,641$ 411,076,049$ 4,712,094$ 2,320,000 2,050,000 342,094 3,550,000 9.6% 2039 17,129,592$ 432,487,697$ 415,358,105$ 4,762,333$ 2,320,000 2,050,000 392,333 3,550,000 11.1% 2040 17,129,592$ 436,812,574$ 419,682,982$ 4,813,075$ 2,320,000 2,050,000 443,075 3,550,000 12.5% 2041 17,129,592$ 441,180,700$ 424,051,108$ 4,864,324$ 2,320,000 2,050,000 494,324 3,550,000 13.9% 2042 17,129,592$ 445,592,507$ 428,462,915$ 4,916,085$ 2,320,000 2,050,000 546,085 3,550,000 15.4% Total 61,793,691$ 33,840,000$ 24,600,000$ 3,353,691$ 53,250,000$ 6.3% 784 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 14 of 28 5.0 Financial Gap Analysis 5.1 Overview The financial gap analysis is not just a tool but a crucial one. It compares the economic performance of a development project with and without financial support, helping to understand the Project's potential and the role of financial support in achieving a rate of return commensurate with market rates for projects of similar characteristics and risk profiles. This analysis is critical as it justifies the necessity of financial support for this project, making its importance clear. Financial performance for rental apartment projects is measured when the project achieves stabilized operations. At that time, projects are either sold to investors or refinanced. FLS determines the value of the Project at that time via the income approach using the capitalization of income method ("Cap Rate").5 FLS calculates the Project's value by dividing its stabilized net operating income ("NOI") by the Cap Rate. Cap Rates are market-determined rates estimated from data on apartment project sales and their stabilized net operating Income (NOI). These data are readily available from various reliable sources. FLS uses Costar. Due to recent sharp increases in construction costs and interest rates, the development of Town Square Apartments is no longer financially feasible. As a result, its projected rate of return now needs to catch up to market levels. The contribution of 94.5% of the incremental revenues generated by Town Square Apartments to the BBCRA for fifteen years, totaling $58.4 million (present value of $38.9 million), closes the financial gap, enhancing the Project's economic viability. 5.2 Methodology Real estate development projects, like Town Square Apartments, use detailed and highly proprietary cash flow pro forma models for planning, analysis, decision-making, financing, and monitoring. Boynton Beach Town Center Apartments V, LLC provided FLS with a copy of its financial model, and we used it as the foundation for our analysis. FLS then developed our independent economic analysis. 5 Fishman, Jay et al. (2012), Guide to Business Valuation, Thompson-Reuters, Section 503. 785 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 15 of 28 Cost Analysis Boynton Beach Town Center Apartments V, LLC acquired the land for the Project for $44 million, resulting in land costs for Phase I and II of $22.6 million and $22.4 million, respectively. The total development cost is $452 million, with construction costing $320 million. The Project's square footage is as follows: Square Feet (SF) Phase I Phase II Total Total Gross SF 938,748 841,596 1,880,344 Garage Gross SF 333,749 344,716 678,465 Gross SF-Building 604,999 596,880 1,201,912 Leasable SF 457,089 444,823 901,912 Development cost estimates are $240 per gross square foot and $501 per leasable square foot. These estimates are consistent with other projects FLS is participating in and reasonable based on current cost estimates from RH Means. Calculations for Stabilized NOI for Town Square Apartments Apartment rental rates experienced unprecedented double-digit rent hikes in 2021 and 2022 across the U.S. and the relevant marketplace for Town Square Apartments in Boynton Beach, as shown in Figures 2 and 2a. The vigorous hikes have ended. As of the second quarter of 2024, rents grew by 0.5%, under the 5-year historical average growth of 6.6%. Rents in the Boynton Beach submarket are following the trajectory of flattened -out rental rates. Figure 2. Market Rent Per Unit By Bedroom Source: Costar 786 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 16 of 28 Figure 2a. Market Rent Per Square Foot Source: Costar Table 6. Multifamily Submarket Key Indicators Source: Costar Table 6 Current Quarter Units Vacancy Rate Asking Rent Effective Rent Absorption Units Delivered Units Under Constr Units Multi- Family Submarket - Boynton Beach, Florida KEY INDICATORS 4 & 5 Star 8,596 6.3%$2,391 $2,376 (13)0 0 3 Star 3,443 6.9%$2,063 $2,053 (18)0 384 1 & 2 Star 2,575 6.2%$1,270 $1,263 (5)0 0 Submarket 14,614 6.4%$2,217 $2,204 (36)0 384 Annual Trends 12 M onth Historical Average Forecast Average P eak When Trough When Vacancy Change (YOY)-1.1%7.4%7.8%12.6%2002 Q1 3.8%2021 Q3 Absorption Units 322 289 126 1,292 2021 Q2 (279)2016 Q1 Delivered Units 180 314 184 1,167 2018 Q3 0 2016 Q3 Demolished Units 0 5 16 49 2009 Q3 0 2024 Q1 Asking Rent Growth (YOY)0.4%3.2%3.3%26.8%2021 Q4 -2.8%2008 Q3 Effective Rent Growth (YOY)0.5%3.2%3.2%29.6%2021 Q4 -2.8%2009 Q2 Sales Volume $165M $130.2M N/A $968.9M 2021 Q4 $2.5M 2009 Q2 787 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 17 of 28 Boynton Beach is one of the more sizable submarkets in Palm Beach . It houses over 14,500 multifamily units, making it the third-largest apartment submarket. Over 50% of the existing multifamily units were built before 2000. Despite slowing from levels seen in the preceding three years, annual net absorption has remained positive. Demand has trailed supply additions since 2022, resulting in an uptick in vacancy for the submarket, now standing at 6.4%, an expansion from recent lows of 3.8% in 2021. Increased competition due to new deliveries has resulted in a moderation in annual rent growth to 0.5%, down from double-digit rent growth seen in 2021 Figure 3 highlights how apartment rents shot up in mid-2020 and then de- escalated after peaking in mid-2021. Rents stopped rising by mid-2022. As discussed below, the expectation for rental rates is to remain flat over the next few years due to additional supplies of new units and affordability constraints. Figure 3. Growth in Effective Rents per Unit Source: Costar The timing of new construction of apartments also affects rent levels. Figure 4 shows the volume of new apartments being constructed in the relevant market area for Town Square Apartments. Groundbreakings remained elevated in 2023, totaling over 380 units, after over 470 units broke ground in 2022. Units underway total 384, the bulk of which will be delivered by late 2024. This supply pressure has kept rents rising very slowly in the near term, as reflected in Figures 2, 2a, and 3. Construction volume has 788 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 18 of 28 rebounded in 2022 and 2023, with more than 600 new units completed. This new supply will restrain rental growth in the near term. Figure 4. Past and Future Deliveries of Apartment Units Source: Costar Developers strive to lease up their projects rapidly when construction is completed. Pre-leasing efforts have resulted in initial solid occupancy levels, as Figure 5 illustrates. Figure 5. Absorption, Net Deliveries & Vacancy Source: Costar 789 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 19 of 28 As discussed and shown in Table 1, FLS expects Town Square Apartments to price its rents competitively in the marketplace and foster rapid lease-up. A fast lease-up at or soon after delivery is reasonable for a new project delivered to the market, such as Town Square Apartments, assuming competitive rental pricing. As of January 2028, the Proj ect should reach stabilization within twelve months of delivery. Table 7 displays the Project's net operating income (NOI) projection for phases I & II at stabilization in 2028 and 2031, respectively. Cost and revenue figures are in 2024 dollars without adjustment for inflation or escalations. FLS calculations are based on current known data and contemporary estimates, providing the most reliable basis for estimating NOI. At stabilization, Town Square Apartments (Phase I) estimated projections assume $19.5 million in potential rent from apartment units, parking, and other ancillary sources. The vacancy assumption is at 4%. This results in an estimated effective gross rent for apartments of $18.7 million at stabilization. Retail spaces will produce $254,000 in additional income, with a total revenue of $19 million. Town Square Apartments (Phase II) estimated projections assume $18.5 million in potential rent from apartment units, parking, and other ancillary sources. The vacancy assumption is at 4%. This results in an estimated effective gross rent for apartments of $17.8 million at stabilization. Retail spaces will produce $642,500 in additional income, with a total revenue of $18.449 million. [The balance of this page was left blank intentionally.] 790 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 20 of 28 Table 7. Calculation of Net Operating Income for Town Square Apartments Phase I operating expenses, including insurance, of $3.6 million utilize an industry-standard expense ratio of 19% of total revenue. Real estate taxes of $2.86 million were estimated based on the $198 million taxable values and current millage rates. Management fees of 2% of total income are standard in the industry. Total expenses of $6.8 million represent 36% of total revenues. This overall expense ratio is consistent with industry norms. Phase II operating expenses, including insurance, of $3.4 million utilize an industry-standard expense ratio of 19% of total revenue. Real estate taxes of $2.66 million were estimated based on the $195.3 million taxable values and current millage rates. Management fees of 2% of the total income are standard in the industry. Total expenses of $6.4 million represent 36% of total revenues. This overall expense ratio is consistent with industry norms. Amount %Amount % Apartment Revenue Statistic Units 465 433 Square Feet 448,166 425,133 $/SF/Mo. Avg.3.25$ 3.25$ $/Unit/Mo. Avg.3,132.34$ 3,190.95$ Revenues Apartment Revenue 17,478,474$ 92%16,580,187$ 90% Parking Income 351,000 2%351,000 2% Other Income 1,709,630 9%1,617,438 9% Gross Potential Income 19,539,104 103%18,548,625 101% Vacancy 781,564 4%741,945 4% Total Apartment Revenue 18,757,540 99%17,806,680 97% Retail Revenue (Net of Vacancy)254,068 1%642,504 3% Total Revenue 19,011,608$ 100%18,449,184$ 100% Expenses Operating Expenses 2,715,838 14%2,528,942 14% Management Fees 332,703 2%322,861 2% Property Insurance 930,000 5%866,000 5% RE Taxes 2,859,750 15%2,662,950 14% Total Expenses 6,838,291$ 36%6,380,752$ 35% - Net Operating Income 12,173,317$ 64%12,068,432$ 65% Boynton Beach Town Square Net Operating Income Phase I South Building Phase II North Building 791 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 21 of 28 Town Square Apartments estimates stabilized NOI of $12.2 million for Phase I and $12.1 million for Phase II. These amounts are incorporated into the calculation to estimate the market value of Town Square Apartments at stabilization using the Cap Rate methodology from the income approach to value. Determining the Cap Rate As discussed above, the Cap Rate is the ratio of NOI to sales price for income-producing properties like Town Square Apartments. The marketplace determines the Cap Rates. There are many representative sales of apartment projects in the relevant market area. Figure 6 shows the Cap Rates for Palm Beach County and Boynton Beach submarket from 2018 through 2023, with projections to 2027. From 2018 to 2022, Cap Rates for apartment projects have declined and are running at about 5%. The forecast cap rate from 2024 to 2027 is 5.3% to 4.8 % in Boynton Beach. Figure 6. Market Cap Rates Source: Costar 792 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 22 of 28 Stabilized Value of Town Square Apartments FLS estimated the value of Town Square Apartments at stabilization using the income approach to value employing the Cap Rate method. FLS valued Town Square Apartments on a fair market basis as a going concern. With a projected NOI at stabilization of $12.2 million and a Cap Rate of 4.985 %, Phase I will have a value at stabilization of $244.198 million. Since the estimated stabilization is in 2028, the present value of Town Square Apartments Phase I is $225.6 million. With a projected NOI at a stabilization of $12.1 million and a Cap Rate of 4.985 %, Pha se II will have a value at a stabilization of $242.095 million. Since the estimated stabilization is in 2031, the present value of Town Square Apartments Phase II is $222.6 million. 5.3 Financial Analysis and Quantification of the Financial Gap Table 8 shows the calculations for the financial gap analysis. As noted above, Town Square Apartments: Phase I has a stabilized present value of $225.6 million. Without financial support, the loss from development is $5.136 million, a rate of return of a negative 2.3%. A negative 2.3% rate of return is far below market rates and would not justify the development of Town Square Apartments Phase I. Phase II has a stabilized present value of $222.6 million. Without financial support, the profit from development is $1.8 million, a rate of return of just 0.8 %. A 0.8 % rate of return is far below market rates and would not justify the development of Phase II of Town Square Apartments. We can determine the market rate of return from the cap rate . The profit margin, or the required market rate of return, equals the Cap Rate plus the long-term average expected growth rate in NOI.6 Over time, it is reasonable to project that Town Square Apartments would achieve an average long- term 2.8 % compound rate of increase in NOI. Therefore, the market rate of return is 7.80% (5.0 % Cap Rate + 2.8% expected growth rate of NOI). 6 Fishman, Op. Cit. 793 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 23 of 28 Table 8. Financial Gap Analysis Source: FLS To close this financial gap and to reach the market rate of return of 7.8%, Town Square Apartments: Phase I will need tax increment funding ("TIF") of $2,000,000 per year for three years and $2,320,000 for twelve years once it is stabilized and producing its full increment of tax revenue to the CRA, as discussed in Section 4. TIF support at this level represents approximately 94.5% of the incremental ad valorem tax revenue generated by Town Square Apartments Phase I for the BBCRA. Once it is stabilized and producing its full increment of tax revenue for the CRA, Phase II will need tax increment funding ("TIF") of $2,050,000 per year for twelve years, as discussed in Section 4. TIF support at this level represents approximately 94.5% of Town Square Apartments Phase II's incremental ad valorem tax revenue for the BBCRA. Table 8 Category Project without TIF Project with TIF Project without TIF Project with TIF Land 22,580,243$ 22,580,243$ 21,419,757$ 21,419,757$ Development Cost 208,156,600 208,156,600 199,385,602 199,385,602 Total Cost 230,736,843$ 230,736,843$ 220,805,359$ 220,805,359$ Stabilized NOI 12,173,317$ 12,173,317$ 12,068,432$ 12,068,432$ Capitalization Rate 4.985%4.985%4.985%4.985% - - Stabilized Value 244,198,931$ 244,198,931$ 242,094,918$ 242,094,918$ Present Value Stabilized 225,600,827$ 225,600,827$ 222,613,960$ 222,613,960$ Present Value of TIF -$ 22,839,185$ -$ 15,610,338$ Profit (5,136,016)$ 17,703,170$ 1,808,601$ 17,418,939$ - - - - Rate of Return on Investment -2.3%7.8%0.8%7.8% Return on Cost -2.2%7.7%0.8%7.9% Annual TIF Amount (0) 2,000,000 - 2,050,000 TIF Term Years Year (1-3)3 Year (1-12)12 Annual TIF Amount - 2,320,000 - - TIF Term Years Year (4-15)12 RealtyRate-OAR Region Overall Regional Rate of Return on Investment 7.8%7.8% Phase I South Building Phase II North Building 794 Economic and Fiscal Impacts and Financial Gap Analysis for Boynton Beach Town Square Apartments Page 24 of 28 6.0 Conclusions and Request for TIF Support 6.1 Summary of Results Town Square Apartments' development will substantially contribute to the economy of Boynton Beach, augment the supply of workforce housing, provide a positive fiscal impact on the City's budget, and generate $4.12 million per year in revenue to the BBCRA for fifteen years. 6.2 Request for TIF Support The Developer's contribution to the City of $22.4 million, higher development costs, and the recent jump in interest rates have compromised Town Square Apartments' financial feasibility. To close the economic gap, Boynton Beach Town Center Apartments V requests that the BBCRA contribute about 94.5% of the incremental revenue generated by Town Square Apartments, totaling $58.44 million (present value of $38.9 million), closing the financial gap and making the Project financially viable. 795 ECONOMIC IMPACT ANALYSIS BOYNTON BEACH TOWN SQUARE APARTMENTS BOYNTON BEACH, FL EXHIBIT 1 June 28, 2024 Prepared for Mr. Zach Alerhand Director of Portfolio Strategy Boynton Beach Town Center Apartments V LLC 55 Fifth Avenue, 15th Floor New York, New York 10003 Fishkind Litigation Services, Inc. 3504 Lake Lynda Drive, Suite 107 Orlando, Florida 32817 407-382-3256 www.Fishkindls.com 796 Economic Impact Analysis Boynton Beach Town Square Apartments Page 2 of 7 ______________________________________________________________________ Economic Impact Analysis Boynton Beach Town Square Apartments ______________________________________________________________________ 1.0 Introduction and Summary of Results 1.1 Background Boynton Beach Town Center Apartments V LLC. is developing 898 market-rate rental apartments and 23,594 square feet of neighborhood retail/commercial space on property in the City of Boynton Beach, Florida (“Project”). The Project will be built on -/+ 9.67 acres within the 16.5-/+ acres of Town Square, a private/public partnership between the City and private developers. Time Square stretches from Boynton Beach Boulevard south to Southeast Second Avenue and Seacrest Boulevard, east to Northeast First Street. Figure 1 shows the current site plan for the Project. The Project would be built in two phases, one on the west side and the other on the east side of Town Square. Figure 1. Project Site Plan 797 Economic Impact Analysis Boynton Beach Town Square Apartments Page 3 of 7 1.2 Assignment Boynton Beach Town Center Apartments V LLC. commissioned Fishkind Litigation Services, Inc. ("FLS") to quantify the fiscal and economic impact of the Project and to calculate the amount of tax increment financing needed to make the Project economically viable. This report focuses on the economic impacts. Economic impacts are measured in terms of employment, labor earnings, and value added during the construction phase and for the permanent operational phase of the Project. 2.0 Economic Impact Analysis 2.1 Overview Economic impact analysis calculates the economic effects of a change in economic activity on an area’s economy typically measured in terms of jobs, earnings, and value-added. In this application, the analysis focuses on the impacts on Boynton Beach’s economy from the construction and operations of the Project. Impacts from the construction phase and the operational phase of the Project are measured in terms of jobs, earnings, and value -added. FLS used the IMPLAN input-output modeling system as described below. The economic impacts are measured for Palm Beach County, because that is the smallest level of geography for which reliable calculations can be developed. 2.2 Methodology To quantify the economic impact of the Project, FLS employed the IMPLAN input- output modeling system.1 IMPLAN is widely used by economists to calculate the economic impacts of developing commercial land uses or residential apartments. IMPLAN is routinely used by the State of Florida’s Department of Economic Opportunity.2 IMPLAN is a computer software package comprising procedures for estimating local input-output models using locally specific databases. IMPLAN was originally developed by the U.S. Forest Service in cooperation with the Federal Emergency Management Agency and the U.S. Department of the Interior's Bureau of Land Management to assist in land and resource management planning. Since 1993, the IMPLAN system has been developed under exclusive rights by the Minnesota Implan Group, Inc. which licenses and distributes the software to users. Currently, there are hundreds of licensed users in the United States including universities, government agencies, and private companies. The Department of Food and Resource Economics at the University of Florida is a licensed user o f IMPLAN 1 www.IMPLAN.com 2 http://www.floridajobs.org/labor-market-information/products-and-services/economic-impact-analysis 798 Economic Impact Analysis Boynton Beach Town Square Apartments Page 4 of 7 along with the State of Florida and many other governments and private companies. We have used IMPLAN widely in our work. Input-output modeling was developed in the 1930s by Nobel Prize winning economist Leontief.3 The methodology has been refined and used continuously since then.4 An input-output model is built around quantifying the interactions between industries (or sectors) within an economy. Each industrial or service activity within the economy (agriculture, mining, manufacturing, trade, services, etc.) is assigned to an economic sector with the number of sectors determined by the level of detail desired. Then, for a one-year production period, a transactions table reflects the value of goods and services exchanged between sectors of the economy. The transactions table contains three components of the local economy: producing industries, final demand, and value added, which capture all transactions within the economy. The transactions table shows how much each local industry purchased and/or sold to every other industry within the local economy. Values are expressed in dollars and track the movement of goods and services between industry sectors and between producing industries and final demand and value-added components of the economy. Impact analysis using an input-output model is conducted by estimating the changes in final demand. Producing industries then respond directly by selling to final consumers or indirectly by selling goods and services (intermediate inputs) to other industries. The IMPLAN software and database quantify both the estimation of the transactions table for specific local areas and the resulting tables to estimate multipliers that capture the direct and indirect effects of changes in final demand. IMPLAN calibrated for the Palm Beach County (the smallest geography available) was used in this analysis. In this application the change to final demand is calculated for each of the two land uses, retail and residential. The analysis is provided for the construction of each land use and for its operating impacts once constructed and occupied. 3 Leontief, Wassily (1936), “Quantitative Input-Output Relations in the Economic System of the United States”, Review of Economics and Statistics, Volume 18, pages 105-125. 4 See Miller, Ronald E. and Peter D. Blair (2009), Input-Output Analysis, Cambridge University Press: NY, NY. 799 Economic Impact Analysis Boynton Beach Town Square Apartments Page 5 of 7 2.3 Construction Period Impacts Time Square plans to begin the construction of the Project in 2025 with completion of Phase 1 in 2027 and Phase 2 in 2030. Construction costs are estimated at $293 million. Table 1 presents the estimated composition of the construction budget identifying the portion that is estimated to be spent locally. It is this local spending component that generates local economic impacts. FLS estimates that about half the construction budget will be spent on labor and professional costs including architecture, engineering, and surveying that are directly related to the construction of the Project. Of this 75% is projected to be spent locally. The other half of the construction budget is for materials. Most of these are not locally produced. Table 1. Analysis of the Construction Budget for the Project Category Amount % Total % Local $ Local Labor & Professionals $146,705,895 50% 75% $110,029,421 Materials $146,705,895 50% 25% $36,676,474 ========= ========= ========= ========= Construction Cost $293,411,790 100% 50% $146,705,895 Table 2 summarizes the economic impacts during the 31-month construction period from the local construction spending of $146.7 million. During the construction period the project will support 426 jobs measured on a full-time equivalent basis in each year from 2025-2030. Of these, 344 will be directly supported by the construction with the balance being indirectly supported or induced by the flow of construction spending. More than $25 million in earnings will be generated each year with value-added almost than $40 million per year. Table 2. Economic Impact Summary Per Year Construction Period of The Project 2025-2030 Category Jobs Earnings $M Value Added $M Direct 344 $20 $29 Indirect 27 $2 $3 Induced 55 $3 $6 ======= ======= ======= Total 426 $25 $38 Source: IMPLAN and FLS 800 Economic Impact Analysis Boynton Beach Town Square Apartments Page 6 of 7 2.4 Permanent Economic Impacts The Project is projected to be fully occupied and operational in 2031. At that time the retail and residential components of the Project are projected to be fully leased (at 96% occupancy for the apartments and 95% occupancy for the retail space). The permanent economic impacts are generated by the local spending by residents and purchases in the Project’s retail space. Table 3 presents the calculations for these two spending streams. The average monthly rent for the apartment is $3,096. To afford this rental rate at the industry standard, that 30% of income is spent on rent, resident households must have annual earnings of $123,839. Of this typically 5% is saved and the balance is spent. FLS estimates that 75% of this annual spending will be spent locally, primarily for everyday shopping needs at grocery stores, pharmacies, and for personal care (hair and nails and medical needs). In addition, most large purchases for cars and furniture also tend to be spent locally. All told FLS estimates that 75% of resident sending will be made locally. Retail spending is projected at $700 per square foot of retail/commercial space, which could include restaurants and coffee shops. This spending level is typical for retail space in Palm Beach County. The annual total of local spending generated by the Project is $90 million. Table 3. Estimated Local Spending from Residents and Retail Spacer Category Amount Units 898 Rent/Month $3,096 Income of Residents $123,839 Retail sqft 23,594 Spend per Sqft $700 Category Amount Resident Income $111,207,161 Resident Savings $5,560,358 ======== Consumption Spending $105,646,803 Local Spending @ 70% $73,952,762 Retail Spending $16,515,800 ======== Total Annual Spending $90,468,562 801 Economic Impact Analysis Boynton Beach Town Square Apartments Page 7 of 7 As Table 4 shows, the annual spending by the occupants of the 898 apartments and the annual sales at the 23,594 square feet of retail/commercial space will support 340 jobs with $18 million per year in earnings having a value-added of $34 million per year. Table 4. Economic Impact Summary Stabilized Operations of The Project Category Jobs Earnings $M Value Added $M Direct 62 $2 $4 Indirect 10 $1 $1 Induced 268 $16 $30 ======= ======= ======= Total 340 $18 $34 Source: IMPLAN and FLS 802 1 | P a g e FISCAL IMPACT ANALYSIS BOYNTON BEACH TOWN SQUARE APARTMENTS BOYNTON BEACH, FL EXHIBIT 2 June 28, 2024 Prepared for Mr. Zach Alerhand Director of Portfolio Strategy Boynton Beach Town Center Apartments V LLC 55 Fifth Avenue, 15th Floor New York, New York 10003 Fishkind Litigation Services, Inc. 3504 Lake Lynda Drive, Suite 107 Orlando, Florida 32817 407-382-3256 www.Fishkindls.com 803 2 | P a g e ______________________________________________________________________ Fiscal Impact Analysis Boynton Beach Town Square Apartments ______________________________________________________________________ 1.0 Introduction and Summary of Results 1.1 Background Boynton Beach Town Center Apartments V LLC. plans to develop 898 market-rate rental apartments and 23,594 square feet of neighborhood retail space on property in the City of Boynton Beach, FL. The development of Boynton Beach Town Square Apartments ("Project") comprises -/+ 9.67 acres within the 16.5-/+ acres of Town Square, a private/public partnership between the City and private developers, about four blocks off Boynton Beach Boulevard, east of Interstate 95. It stretches from Boynton Beach Boulevard south to Southeast Second Avenue and Seacrest Boulevard, east to Northeast First Street. 1.2 Assignment Boynton Beach Town Center Apartments V LLC. ("Client") retained Fishkind Litigation Services, Inc. ("FLS") to analyze the fiscal impact (the cost and revenue effects) of the proposed change on the City of Boynton Beach. This report focuses on the budgetary impacts of the proposed change on the City. 1.3 Summary of Results The analysis is based on the projected growth of a plan for 898 market rental apartments and 23,594 square feet of neighborhood retail space absorption over two phases. Phase I Phase II Total Apartment Units 465 433 898 Retail Square Feet 6,686 16,908 23,594 Parking Garage Spaces 980 1,034 2,014 Construction Start 2026 2029 Construction Completion 24 months 24-months The Project is within Town Square's geographically targeted economic development area and is eligible for Tax Increment Financing ("TIF") from The Boynton Beach Community Redevelopment Agency ("CRA"). The CRA captures 804 3 | P a g e the increase in property taxes resulting from new development and diverts that revenue to subsidize that development. After completing the gap financing provided by the CRA program in 2043, the Project will produce an annual fiscal surplus of $3.07 million. By 2047, the budgetary impact surplus on the City will be $3.217. Table 2 shows that the operating surplus will be $13.4 million cumulatively by 2047 and grow to $66 million by 2062. By 2062, the present value at 5% interest of the net fiscal impact is estimated at $5.7 million. Table 1 Summary of Fiscal Impacts Boynton Beach Town Square $ in Thousands Net Fiscal Impacts for Selected Years Year Assessed Values Ad Valorem Ad Valorem Transferred to BBCRA Total Operating Revenue Total Operating Expenditure Net Fiscal Impact 2028 198,088$ 1,555$ (1,364)$ 658$ 703$ (45)$ 2032 403,389$ 3,167$ (2,895)$ 1,174$ 1,361$ (187)$ 2037 423,966$ 3,328$ (3,048)$ 1,182$ 1,361$ (179)$ 2042 445,593$ 3,498$ (3,210)$ 1,191$ 1,361$ (171)$ 2047 468,322$ 3,676$ -$ 4,579$ 1,361$ 3,217$ 2052 492,211$ 3,864$ -$ 4,766$ 1,361$ 3,405$ 2057 517,319$ 4,061$ -$ 4,963$ 1,361$ 3,602$ 2062 543,708$ 4,268$ -$ 5,171$ 1,361$ 3,809$ Table 2 Summary of Fiscal Impacts Boynton Beach Town Square $ in Thousands Cumulative Net Fiscal Impacts Year Cumulative Fiscal Impact Interest Rate Years Present Values 2032 (509)$ 5.0%5 (423)$ 2037 (1,422)$ 5.0%10 (786)$ 2042 (2,292)$ 5.0%15 (1,041)$ 2047 13,434$ 5.0%20 1,807$ 2052 30,079$ 5.0%25 3,679$ 2057 47,691$ 5.0%30 4,909$ 2062 66,318$ 5.0%35 5,716$ 805 4 | P a g e 2.0 Methodology 2.1 Overview The Client requested the submission of a fiscal impact report quantifying the costs and revenue impacts on the City's budget from the proposal to construct the mixed- use project consisting of 898 apartments and 23,594 square feet of retail space on the +/- 9.67 acres located in Boynton Beach, Florida. The fiscal impact study is a set of statistical data and information based on new developments in a jurisdiction. Its purpose is to legally justify to the City of Boynton Beach the ability to provide capital improvement, mill levy increases, and impact fees. The Fiscal Impact Analysis encompasses multiple methods to demonstrate that the Project will pay the total costs of all public facilities and services required to support it. The Client has requested a study to support any amendment or change to their subdivision regulations. Fiscal impact analysis connects planning and local economics by estimating the public costs and revenues from land use change. This type of analysis is required to determine the total costs of all public facilities and services needed to support the development and meet the level of service standards adopted by the City of Boynton Beach. To accomplish consistency in the analysis, FLS complies with the guide standards prepared for Sarasota County by AECOM (Architecture, Engineering, Construction, Operations, and Management) to support permitting for the Project. Our study is conducted according to AECOM's 2015 report. AECOM outlines several fiscal impact analysis methodologies, including the per capita approach.1 AECOM notes that the per capita methodology is the most used type of analysis. The per capita approach estimates the cost of providing services per unit. The unit varies depending on how the services are used and can include per person, per employee, and per visitor. Similarly, most City revenues are appropriately estimated per capita, again depending upon the revenues generated. FLS uses all these factors depending on the expenditure or revenue category involved. For example, law enforcement and public safety are provided to all residents, visitors, and employees. FLS measures residents, visitors, and employees on a full-time equivalent ("FTE") basis. However, not all expenditures or revenues are generated by residents, visitors, and employees. State revenue- sharing funds are provided through a population-based formula, so for this revenue item, FLS only uses population. FLS's per capita method application for revenues and expenditures is consistent with AECOM. 1 AECOM (2015), page 2. 806 5 | P a g e FLS uses all categories of revenue and expenditures included in the City of Boynton Beach budget (but not all fund types, as discussed below). The FY2022 actual report to the State includes 61 revenue line items and 59 expenditure categories. Not all revenues and expenditures relate to the fund types included in our analysis. As discussed above, except for ad valorem tax revenues, each revenue and expenditure category is included and analyzed using the modified per capita approach. It is impractical to discuss each category. However, FLS has included our fiscal impact analysis model in Excel with this report to provide a complete and detailed submission of our calculations. Ad valorem revenues are calculated directly based on the development program and product valuation and do not include any estimates for homestead exemptions. All other revenues are estimated via the per capita unit approach, with the unit varying as required. Capital impacts are measured by the formulae for impact fees. The City of Boynton Beach has impact fees for city parks and recreation facilities. In addition, the Project pays impact fees to Palm Beach County. 2.2 Operating Revenues Except for ad valorem revenues, discussed in more detail below, operating revenues were calculated using the modified per capita method based on the City 's actual for FY2022 as reported to the State of Florida, Division of Banking. Consistent with the AECOM parameters, FLS included the following fund types: (a) general fund, (b) special revenue fund, and (c) permanent fund. FLS excluded the following fund types: (a) debt service fund, (b) capital projects fund, (c) enterprise fund, (d) internal service fund, (e) fiduciary funds, and (f) revolving and clearing funds (See Appendix A). The debt service fund relates to prior commitments and is not directly impacted by future growth or the Project. While the Project will contribute to this fund, its impact is negligible. The Project's impact on capital funds is calculated separately, so this fund is excluded to avoid double counting. The enterprise fund is also excluded because enterprise funds are designed to be self-funding. Ad valorem taxes generated by the Project are a function of (a) the development program for the Project, (b) its projected valuation and absorption, and (c) the City's adopted millage rates for general revenue totaling 7.85 mills. Concerning timing, FLS takes a stricter and more conservative approach than AECOM. FLS recognizes a 3-year lag between the time apartment units are permitted and consuming services and the time that property is included in the tax roll and paying ad valorem taxes. 807 6 | P a g e 2.3 Operating Expenses The modified per capita approach correctly calculates operating expenses by fund type. As noted above, the per capita units are carefully tailored to the kind of expenditure. We have included impacts from residents and employees measured on an FTE basis and included FTE visitors who also consume these services. 2.5 Capital Revenues / Expenditures Boynton Beach has city parks and recreation facilities impact fees, which are required for the Project for $534,310. The Developer has agreed to provide (a) 473 public parking spaces and (b) a workforce housing contribution of $34.3 million. 3.0 Development Program The fiscal impact analysis is based exclusively on the projected development o f the Project's apartments and retail space. As per Table 3, the Project is absorbed in two phases with a property value of more than $451.5 million. The development program, absorption, is provided in detail in Table 4. Table 3 Boynton Beach Town Square Property Valuation Category Building Type Target Audience Units Average Property Value Per Unit Average Property Value Per Category Apartments Phase I- South Multi-Family 8 Stories Market Rate Rental 465 492,534$ 229,028,453$ Apartments Phase II- North Multi-Family 8 Stories Market Rate Rental 433 500,000$ 216,500,137 Total Apartments 898 445,528,590$ Category Building Type Target Audience Square Feet Average Property Value Per SF Average Property Value Per Category Retail Phase I -South Neighborhood Retail Local Market 6,686 256$ 1,708,390 Retail Phase II-North Neighborhood Retail Local Market 16,908 255$ 4,305,222 Total Retail 23,594 6,013,612 Total Boynton Beach Town Square 451,542,202$ 808 7 | P a g e 4.0 Fiscal Impact Operating Revenues and Expenses – Tables 5,6,7,8 &9 Using the methodology described in Section 2, the budgetary effects of the Project on the City's operating budget are summarized below in Table 5. The Project in 2028 produces a fiscal deficit of $45,194 net of transfers to Boynton Beach CRA when its value is included in the City's taxable value base determined by the property appraiser. Transfers to the CRA end in 2042, and starting in 2043, the City will incur a net fiscal impact surplus of $3.07 million. By 2047, the net budgetary impact will be $ 3.217 million, and the cumulative net fiscal impact will be nearly $13.4 million. Table 4 Boynton Beach Town Square Development Scenario Real Estate on Tax Roll 2026 2027 2028 2029 2030 2031 Total Apartments Phase I- South - - 465 - - - 465 Apartments Phase II- North - - - - - 433 433 Total Units - - 465 - - 433 898 Retail Phase I -South - - 6,686 - - - 6,686 Retail Phase II-North - - - - - 16,908 16,908 Total Square Feet - - 6,686 - - 16,908 23,594 Permits for Construction 2026 2027 2028 2029 2030 Total Apartments Phase I- South 465 - - - - - 465 Apartments Phase II- North - - - 433 - - 433 Total Units 465 - - 433 - - 898 Retail Phase I -South 6,686 - - - - - 6,686 Retail Phase II-North - - - 16,908 - - 16,908 Total Square Feet 6,686 - - 16,908 - - 23,594 Table 5 Boynton Beach Town Square Fiscal Impact - Operating Revenue and Expenditures Year Assessed Value Ad Valorem Ad Valorem Transferred to BBCRA Total Operating Revenue Total Operating Expenditure Net Fiscal Impact Cumulative Net Fiscal Impact 2028 198,087,580 1,554,988 (1,363,801) 657,949 703,142 (45,194) (45,194) 2032 403,389,083 3,166,604 (2,894,837) 1,174,198 1,361,459 (187,261) (509,330) 2037 423,965,981 3,328,133 (3,048,289) 1,182,275 1,361,459 (179,184) (1,421,565) 2042 445,592,507 3,497,901 (3,209,569) 1,190,763 1,361,459 (170,696) (2,292,190) 2047 468,322,203 3,676,329 - 4,578,760 1,361,459 3,217,301 13,433,910 2052 492,211,342 3,863,859 - 4,766,290 1,361,459 3,404,831 30,079,274 2057 517,319,067 4,060,955 - 4,963,385 1,361,459 3,601,927 47,690,794 2062 543,707,539 4,268,104 - 5,170,535 1,361,459 3,809,076 66,317,754 809 8 | P a g e Table 6 displays the increase in taxable value generated by the Project, which is presented from 2028 and at 5-year intervals from 2032 to 2062. The taxable value rises from almost $198 million in 2028 to more than $543.7 million by 2062. Table 7, shown below, presents the critical assumptions employed in calculating the taxable values shown previously and the factors impacting budgetary revenues and expenditures. The fiscal projects are in 2024 dollars and assume inflation at zero. . Using Census On-the-Map data indicates that 3,682 City residents also work there. Since we include all employees, FLS uses a weighted resident -employees factor of 0.7626 to avoid double counting. Non -working residents have a weighted average of 1.0 FTE. Seasonal residents are at 0.3462, reflecting seasonal demands on County services. Persons per household and total households are from Florida Population Studies. The estimate for persons per household in multifamily apartments is 2.44. . The estimated number of jobs the Project will generate is 61 for the retail and 6 for the apartments. Based on the assumption in Table 7, the job estimate uses the Institute of Transportation Engineers data . The annual growth of nonresidential property values is assumed to be one percent, and the annual growth rate of residential property values is considered one percent. Property valuations are equal to the cost of the property. Table 6 Boynton Beach Town Square Taxable Property Values 2028 2032 2037 2042 2047 2052 2057 2062 Residential Apartments Phase I- South 196,620,927 204,604,525 215,041,412 226,010,686 237,539,502 249,656,404 262,391,390 275,775,988 Apartments Phase II- North - 193,412,246 203,278,215 213,647,447 224,545,614 235,999,697 248,038,053 260,690,487 Total Taxable Value -Residential 196,620,927 398,016,772 418,319,627 439,658,132 462,085,116 485,656,101 510,429,443 536,466,474 Retail Retail Phase I -South 1,466,652 1,526,204 1,604,056 1,685,879 1,771,876 1,862,259 1,957,253 2,057,093 Retail Phase II-North - 3,846,107 4,042,297 4,248,495 4,465,211 4,692,982 4,932,371 5,183,972 Total Taxable Value -Retail 1,466,652 5,372,312 5,646,354 5,934,374 6,237,087 6,555,241 6,889,624 7,241,065 Total Taxable Value 198,087,580 403,389,083 423,965,981 445,592,507 468,322,203 492,211,342 517,319,067 543,707,539 Years 1 5 10 15 20 25 30 35 810 9 | P a g e Table 7 Boynton Beach Town Square Fiscal Impact Assumptions Real Estate Taxes Taxable values are shown in the year following Construction Completion Taxable Assessment Ratio 85% Homestead Exemption $0 Taxable Assessment Millage Gerneral Revenue 7.8500 Mills Total 7.8500 Mills Population & Employment Equivalent Full-Time Full-Time Amount Factor Equivalent Equivalent Population-Working Residents 34,386 76.26%26,221 34% Population-Non-Working Residents 47,822 100.00%47,822 62% Population- Seasonal 7,914 34.62%2,739 4% Total Population (peak season)90,122 76,783 100% Population (total)82,208 Employment (total)29,627 12.40%3,674 Persons per Household - Multifamily 2.44 Total Households 32,360 Total Housing Units 36,220 Avg Length of Stay-Seasonal (in weeks)18 Employment Assumptions Project Neighborhood Retail 61 (1 employee per 383 SF of Retail) Apartments 6 (60% employee per 100 Apartments) Property Valuation Properties Average Value Apartments Phase I- South $492,534 Per Unit Apartments Phase II- North $500,000 Per Unit Retail Phase I -South $256 Per SF Retail Phase II-North $255 Per SF Annual growth rate of Residential Property Value 1%Starting 2028 Annual growth rate of Non-Residential Property Value 1%Starting 2028 811 10 | P a g e Table 8 summarizes the results of the fiscal analysis for the City's operating budget. The summary analysis covers 2028 to 2031 and 5-year intervals from 2032 to 2062. Table 8 Boynton Beach Town Square Development Impact Summary 2028 2029 2030 2031 2032 2037 2042 2047 2052 2057 2062 Residential Units 465 465 465 898 898 898 898 898 898 898 898 Resident Households 366 366 366 706 706 706 706 706 706 706 706 Population Peak Population 702 702 702 1,356 1,356 1,356 1,356 1,356 1,356 1,356 1,356 Resident Population 605 605 605 1,168 1,168 1,168 1,168 1,168 1,168 1,168 1,168 Seasonal Population 98 98 98 188 188 188 188 188 188 188 188 Employment Retail 17 17 17 61 61 61 61 61 61 61 61 Residential 3 3 3 6 6 6 6 6 6 6 6 Total Employees 20 20 20 67 67 67 67 67 67 67 67 Full-Time Equivalent Residents 545 545 545 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 Full-Time Equivalent Employee 2 2 2 8 8 8 8 8 8 8 8 Full-Time Equivalent Visitors 2028 2029 2030 2031 2032 2037 2042 2047 2052 2057 2062 Boynton Beach Total Operating Revenues 657,949 658,726 659,511 1,172,630 1,174,198 1,182,275 1,190,763 4,578,760 4,766,290 4,963,385 5,170,535 Total Operating Expenditures 703,142 703,142 703,142 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 Net Fiscal Impact (45,194) (44,416) (43,631) (188,828) (187,261) (179,184) (170,696) 3,217,301 3,404,831 3,601,927 3,809,076 Years 1 2 3 4 5 10 15 20 25 30 35 2032 2037 2042 2047 2052 5 Years 10 Years 15 Years 20 Years 25 Years Net Present Value of Operating Impact (423,092) (785,985) (1,040,944) 1,807,116 3,678,938 Operating Impact at 5% Interest 2026 2029 Total Total Impact Fee Capital Revenue 276,675 257,635 534,310 812 11 | P a g e Fiscal Impact Detail Operating Revenue and Expenditures (Table 9) is from 2028 and at 5-year intervals from 2032 to 2062 Table 9 Boynton Beach Town Square Fiscal Impact Detail Operating Revenue and Expenses 2028 2032 2037 2042 2047 2052 2057 2062 REVENUES Ad Valorem Taxes 1,554,988 3,166,604 3,328,133 3,497,901 3,676,329 3,863,859 4,060,955 4,268,104 Ad Valorem Transferred to BBCRA (1,363,801) (2,894,837) (3,048,289) (3,209,569) Local Business Tax (Formerly Local Occupational License Tax - 321.000) 9,388 18,130 18,130 18,130 18,130 18,130 18,130 18,130 Building Permits (Building Permit Fees) 29,102 56,202 56,202 56,202 56,202 56,202 56,202 56,202 Franchise Fee -Electricity 32,204 62,191 62,191 62,191 62,191 62,191 62,191 62,191 Franchise Fee -Gas 131 254 254 254 254 254 254 254 Impact Fees Residential Culture - Culture/Recreation 647 1,249 1,249 1,249 1,249 1,249 1,249 1,249 Special Assessments Charges For Public -Charges For Public Services 31,777 61,571 61,571 61,571 61,571 61,571 61,571 61,571 Other Permits Fees And Special -Other Permits, Fees And Special Assessments 3,457 6,677 6,677 6,677 6,677 6,677 6,677 6,677 Federal Grant General -General Government 24,901 48,089 48,089 48,089 48,089 48,089 48,089 48,089 Federal Grant Water Supply -Water Supply System 900 1,739 1,739 1,739 1,739 1,739 1,739 1,739 Federal Grant Electric Supply -Electric Supply System 151 292 292 292 292 292 292 292 Federal Grant Gas Supply -Gas Supply System 3,872 7,478 7,478 7,478 7,478 7,478 7,478 7,478 Other Federal -Other Federal Grants 563 1,086 1,086 1,086 1,086 1,086 1,086 1,086 Other Financial Assistance Federal -Federal Source - - - - - - - - State Grant General -General Government 52 100 100 100 100 100 100 100 State Grant Public -Public Safety 688 1,328 1,328 1,328 1,328 1,328 1,328 1,328 State Grant Economic -Economic Environment 436 843 843 843 843 843 843 843 State Grant Culture -Culture/Recreation 220 426 426 426 426 426 426 426 State Revenue Sharing Mobile Home -Mobile Home Licenses 275 532 532 532 532 532 532 532 State Revenue Sharing Alcoholic Beverage - Alcoholic Beverage Licenses 245 474 474 474 474 474 474 474 State Revenue Sharing Local Government Half Cent Sales Tax -Local Government Half-Cent Sales Tax Program 36,594 70,906 70,906 70,906 70,906 70,906 70,906 70,906 State Revenue Sharing Other General -Other General Government 304 589 589 589 589 589 589 589 State Revenue Sharing Other Public -Other Public Safety 373 723 723 723 723 723 723 723 State Revenue Sharing -Other 9,254 17,931 17,931 17,931 17,931 17,931 17,931 17,931 Local Government Unit Grant Public -Public Safety 267 516 516 516 516 516 516 516 Local Government Unit Grant Physical -Physical Environment 447 864 864 864 864 864 864 864 Shared Revenue From Other Local -Shared Revenue From Other Local Units 1,226 2,375 2,375 2,375 2,375 2,375 2,375 2,375 Payments From Other Local Units In Lieu Of - Payments From Other Local Units In Lieu Of Taxes 850 1,648 1,648 1,648 1,648 1,648 1,648 1,648 Other General Government Charges And -Other General Government Charges And Fees 4,366 8,460 8,460 8,460 8,460 8,460 8,460 8,460 Service Charge Law Enforcement -Law Enforcement Services 5,917 11,464 11,464 11,464 11,464 11,464 11,464 11,464 Service Charge Fire -Fire Protection 18,694 36,222 36,222 36,222 36,222 36,222 36,222 36,222 Service Charge Housing For -Housing For Prisoners 19,399 37,587 37,587 37,587 37,587 37,587 37,587 37,587 Service Charge Emergency Management Service Fees -Emergency Management Service Fees/Charges 13 25 25 25 25 25 25 25 Service Charge Protective Inspection -Protective Inspection Fees 216 418 418 418 418 418 418 418 Service Charge Water -Water Utility - - - - - - - - Service Charge -Cemetery 428 829 829 829 829 829 829 829 Service Charge Other Physical Environment -Other Physical Environment Charges 62 120 120 120 120 120 120 120 Service Charge Parks And -Parks And Recreation 14,852 28,777 28,777 28,777 28,777 28,777 28,777 28,777 Fines Local Ordinance -Local Ordinance Violation 2,057 3,986 3,986 3,986 3,986 3,986 3,986 3,986 Other Judgments Fines And -Other Judgments, Fines And Forfeits - - - - - - - - -Interest 12,897 24,989 24,989 24,989 24,989 24,989 24,989 24,989 Gain Or Loss On Sale Of -Gain Or Loss On Sale Of Investments 1,614 3,116 3,116 3,116 3,116 3,116 3,116 3,116 Rents And -Rents And Royalties - - - - - - - - Disposition Of Fixed -Disposition Of Fixed Assets 4,294 8,293 8,293 8,293 8,293 8,293 8,293 8,293 Pension Fund -Pension Fund Contributions 1,405 2,714 2,714 2,714 2,714 2,714 2,714 2,714 Inter Fund Group Transfers -Inter-Fund Group Transfers In 21,215 40,970 40,970 40,970 40,970 40,970 40,970 40,970 Installment Purchases And Capital Lease - Installment Purchases And Capital Lease Proceeds 132,917 256,687 256,687 256,687 256,687 256,687 256,687 256,687 Debt -Debt Proceeds - - - - - - - - Proprietary Capital Contributions From Private - Capital Contributions From Private Source 38,092 73,562 73,562 73,562 73,562 73,562 73,562 73,562 Total Revenues 657,949 1,174,198 1,182,275 1,190,763 4,578,760 4,766,290 4,963,385 5,170,535 813 12 | P a g e Table 9 Continued Boynton Beach Town Square Fiscal Impact Detail Operating Revenue and Expenses 2,028 2,032 2,037 2,042 2,047 2,052 2,057 2,062 EXPENDITURES & NET FISCAL IMPACT Legislative 1,115 2,160 2,160 2,160 2,160 2,160 2,160 2,160 Executive 375 727 727 727 727 727 727 727 Executive 15,450 29,935 29,935 29,935 29,935 29,935 29,935 29,935 Executive 14,956 28,979 28,979 28,979 28,979 28,979 28,979 28,979 Financial And Administrative 20,257 39,251 39,251 39,251 39,251 39,251 39,251 39,251 Financial And Administrative 17,080 33,095 33,095 33,095 33,095 33,095 33,095 33,095 Financial And Administrative 8,070 15,637 15,637 15,637 15,637 15,637 15,637 15,637 Legal Counsel 10 20 20 20 20 20 20 20 Legal Counsel 664 1,286 1,286 1,286 1,286 1,286 1,286 1,286 Comprehensive Planning 2,406 4,661 4,661 4,661 4,661 4,661 4,661 4,661 Comprehensive Planning 3,264 6,324 6,324 6,324 6,324 6,324 6,324 6,324 Comprehensive Planning 668 1,294 1,294 1,294 1,294 1,294 1,294 1,294 Debt Service Payments 55 106 106 106 106 106 106 106 Other General Governmental Services 5,093 9,868 9,868 9,868 9,868 9,868 9,868 9,868 Other General Governmental Services 25,970 50,321 50,321 50,321 50,321 50,321 50,321 50,321 Other General Governmental Services 29,727 57,599 57,599 57,599 57,599 57,599 57,599 57,599 Law Enforcement 154,357 299,085 299,085 299,085 299,085 299,085 299,085 299,085 Law Enforcement 31,844 61,701 61,701 61,701 61,701 61,701 61,701 61,701 Law Enforcement 922 1,786 1,786 1,786 1,786 1,786 1,786 1,786 Fire Control 3,166 6,135 6,135 6,135 6,135 6,135 6,135 6,135 Fire Control 119,851 232,225 232,225 232,225 232,225 232,225 232,225 232,225 Fire Control 12,996 25,180 25,180 25,180 25,180 25,180 25,180 25,180 Protective Inspections 168 326 326 326 326 326 326 326 Protective Inspections 15,456 29,947 29,947 29,947 29,947 29,947 29,947 29,947 Protective Inspections 3,567 6,912 6,912 6,912 6,912 6,912 6,912 6,912 Protective Inspections 147 285 285 285 285 285 285 285 Garbage/Solid Waste Control Services 1,489 2,885 2,885 2,885 2,885 2,885 2,885 2,885 Other Physical Environment 641 1,243 1,243 1,243 1,243 1,243 1,243 1,243 Road And Street Facilities 927 1,795 1,795 1,795 1,795 1,795 1,795 1,795 Road And Street Facilities 1,869 3,622 3,622 3,622 3,622 3,622 3,622 3,622 Road And Street Facilities 4,516 8,750 8,750 8,750 8,750 8,750 8,750 8,750 Industry Development 11 22 22 22 22 22 22 22 Housing And Urban Development 2,598 5,016 5,016 5,016 5,016 5,016 5,016 5,016 Housing And Urban Development 1,959 3,784 3,784 3,784 3,784 3,784 3,784 3,784 Other Economic Environment 22 43 43 43 43 43 43 43 Other Economic Environment 3,669 7,085 7,085 7,085 7,085 7,085 7,085 7,085 Libraries 6,283 12,134 12,134 12,134 12,134 12,134 12,134 12,134 Libraries 13,109 25,400 25,400 25,400 25,400 25,400 25,400 25,400 Libraries 2,470 4,785 4,785 4,785 4,785 4,785 4,785 4,785 Parks And Recreation 504 977 977 977 977 977 977 977 Parks And Recreation 20,209 39,156 39,156 39,156 39,156 39,156 39,156 39,156 Parks And Recreation 17,502 33,912 33,912 33,912 33,912 33,912 33,912 33,912 Parks And Recreation 2,126 4,119 4,119 4,119 4,119 4,119 4,119 4,119 Other Culture/Recreation 613 1,187 1,187 1,187 1,187 1,187 1,187 1,187 Other Culture/Recreation 252 489 489 489 489 489 489 489 Interfund Group Transfers Out 169 327 327 327 327 327 327 327 Other Non-Operating Disbursements 134,571 259,882 259,882 259,882 259,882 259,882 259,882 259,882 Total Expenditures 703,142 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 1,361,459 Net Fiscal Impact (45,194) (187,261) (179,184) (170,696) 3,217,301 3,404,831 3,601,927 3,809,076 Cumulative Net Fiscal Impact (45,194) (509,330) (1,421,565) (2,292,190) 13,433,910 30,079,274 47,690,794 66,317,754 814 13 | P a g e 5.0 Fiscal Impact Capital Revenues and Capital Expenses – Tables 10 The Project will incur $534,310 for Boynton Beach city parks and recreation facilities that impact fee requirements. In addition, the Developer has agreed to provide (a) 473 public parking spaces at an estimated value of $63,045/space for a total of $29.82 million and (b) $4.484 million in workforce housing contribution. The total Developer's contribution will be $34.305 million. Table 10 Boynton Beach Town Square Fiscal Impact - Capital Revenue 2026 2027 2028 2029 2030 Total Capital Revenues City Parks and Recreation Facilities Impact fees 276,675$ -$ -$ 257,635$ -$ 534,310$ Total Capital Revenue 276,675$ -$ -$ 257,635$ -$ 534,310$ Number of Parking Space Cost /Parking Space 2026 2027 2028 2029 2030 Total Public Parking Spaces Public Parking Spaces Phase 1 South Building 224 63,045$ 14,122,114$ 14,122,114$ Public Parking Spaces Phase 2 North Building 249 63,045$ 15,698,243 15,698,243 Subtotal ..-$ -$ 14,122,114$ -$ 15,698,243$ 29,820,357$ Work Force Housing Work Force Housing Phase I South Buiding 2,242,360$ 2,242,360$ Work Force Housing Phase II North Buiding 2,242,360 2,242,360 Subtotal -$ -$ 2,242,360$ -$ 2,242,360$ 4,484,720$ Total Developer's Contribution 473 -$ -$ 30,486,588$ -$ 33,638,846$ 34,305,077$ DEVELOPER'S CONTRIBUTION 815 14 | P a g e IMPORTANT NOTICE CONCERNING "FISCAL IMPACT ANALYSIS REPORT" 1. Fiscal Impact Analysis Report ("FIAR") Certain portions of the FIAR have various sections of the analysis that contain forecasted financial performance based upon several current and projected market conditions. These conditions are subject to numerous risks and uncertainties that cannot be det ermined now. Each section of the FIAR contains forecasted data. While presented with numerical specificity, projected information of the type furnished above is based on estimates and assumptions that are inherently subject to significant economic and competitive uncertainties and contingencies, which are difficult to predict , many of which are beyond the FLS's control. Accordingly, there can be no assurance that such estimates and assumptions will be accurate, and the actual results may be significantly higher or lower than those set forth. 2. Actual Results May Differ from FIAR Due to various risks and uncertainties, actual results may differ from those projected in the FIAR. Accordingly, the FIAR is meant only to serve as a guide and is not intended to be relied upon as to the reasonableness of the underlying facts or assumptions. This FIAR does not contain and is not to be construed as legal, business, investment, or tax advice. 3. The Fishkind Litigation Services Inc. (FLS) Has No Duty to Update FIAR The FIAR is current only as of June 2024. Following the delivery of this report, FLS expectations of results may change. FLS may come to believe that the FIAR is no longer accurate. FLS shall not have any obligation to update any corrections or revisions to the FIAR contained herein, even if the FLS believes the forward-looking analysis is no longer accurate. FLS does not intend to update or otherwise revise the FIAR to reflect circumstances existing after the date when made or to reflect the occurrence of future events, even if any or all the assumptions underlying the projections are shown to be in error. FLS assumes no responsibility for the accuracy or validity of the FIAR. 816 15 | P a g e Appendix A Fund Groups and Fund Types Category Fund Group Fund Types Title Description Governmental 001 001 General Fund To account for all financial resources not accounted for and reported in another fund. 050 051-099 Permanent Funds To account for resources restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government 's programs – that is, for the benefit of the government or its citizens. 100 101-199 Special Revenue Funds To account for the proceeds of specific revenue sources restricted or committed to expenditure for purposes other than debt service or capital projects. 200 201-299 Debt Service Funds To account for financial resources that are restricted, committed, or assigned to expenditure for principal and interest. 300 301-399 Capital Projects Funds To account for financial resources that are restricted, committed, or assigned to expenditure for capital outlays. Proprietary 400 401-499 Enterprise Funds To account for operations (a) that are financed and operated like private business enterprises--where the governing body intends that the costs (expenses, including depreciation) of providing goods or services to the general public continue to be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred and net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. 817 16 | P a g e Category Fund Group Fund Types Title Description Proprietary 500 501-599 Internal Service Funds To account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit or other governmental units on a cost- cost-reimbursement basis. Fiduciary 600 601-649 Custodial Funds To account for assets held by a government in a purely custodial capacity. 650 651-699 Pension Trust Funds To account for assets of defined pension plans, defined contribution plans, other post-employment benefit plans, other employee benefit plans, or other employee benefit plans held by a government in a trustee capacity. 700 701-749 Investment Trust Funds To account for the external portion of investment pools (including individual investment accounts) reported by the sponsoring government. 750 751-799 Private Purpose Trust Funds To account for trust arrangements, including escheat property, where principal and income benefit individuals, private organizations, or other governments. Revolving & Clearing 800 801-899 Revolving Funds / Clearing Funds These accounts are set up to receive and disburse monies for other funds. They are not actual funds in the sense of being an accounting entity and would not appear separately in the financial statements. Any assets or liabilities remaining in a clearing account at the balance sheet date will be reported on the fund's financial statements serviced by the clearing fund (general, particular revenue, etc.). 818 PREPARED BY Hank Fishkind Multi-Family Submarket Report Boynton Beach Palm Beach - FL USA EXHIBIT 3 819 MULTI-FAMILY SUBMARKET REPORT Submarket Key Statistics 1 Vacancy 3 Rent 6 Construction 8 Sales 11 Sales Past 12 Months 13 Supply & Demand Trends 15 Vacancy & Rent 17 Sale Trends 19 Deliveries & Under Construction 21 Boynton Beach Multi-Family 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 820 Overview Boynton Beach Multi-Family 180 322 6.4%0.4% 12 Mo Delivered Units 12 Mo Absorption Units Vacancy Rate 12 Mo Asking Rent Growth Boynton Beach is located between Delray Beach to the South and West Palm Beach to the North and is home to the City of Boynton Beach. The submarket has a minor office presence that caters to healthcare, education, and financial services companies. Moreover, US 1 and I 95 to the east and South Military Trail to the west provide access to greater South Florida. Congress Avenue, which runs along the City's center, has a concentration of restaurants and retail stores, including the Boynton Beach Mall and Boynton Town Center. This attractive location, providing proximity to various beaches along its eastern edge, is relatively affordable for renters as the submarket has the sixth lowest asking rents out of all Palm Beach submarkets at $2,220 as of the second quarter of 2024. Boynton Beach is one of the more sizable submarkets in Palm Beach as it houses more than 14,500 multifamily units, making it the third largest apartment submarket in the market. Over 27% of existing multifamily units have been delivered since 2015, while about 50% of inventory was built before 2000. This is more or less in line with the norm for Palm Beach, with just over 27% of inventory built since 2015 and more than 50% built before 2000. Despite slowing from levels seen in the preceding three years, annual net absorption has remained positive with 320 units absorbed. Despite this, demand has trailed supply additions since 2022, resulting in an uptick in vacancy for the submarket, now standing at 6.4%, an expansion from recent lows of 3.8% in 2021. Increased competition due to new deliveries has resulted in a moderation in annual rent growth to 0.5%, down from double-digit rent growth seen in 2021. The bulk of new product in the market, which has delivered since 2015, has been composed of 4 & 5 Star units. This increased competition has resulted in higher vacancies for 3 to 5 Star product, with 4 & 5 Star vacancies reaching 6.3% and 3 Star vacancies at 6.9%in the second quarter of 2024 relative to 6.2% for 1 & 2 Star properties. The lack of existing affordable product within the 1 to 3 Star segments, combined with a lack of new supply for this portion of the market, has resulted in rent growth outperformance for 1 to 3 Star product in recent months. Sales volume peaked in 2021 but has since slowed, with annual volume totaling just $50.5 million, in line with pre- pandemic levels. One transaction drove most activity since 2023; this involved the sale of the Manor Lantana for around $138 million, or over $396k/unit. The Praedium Group acquired the 4-Star, 348-unit building from Rockpoint in June of last year. The property, which was recently delivered in 2021, traded at a premium relative to 4 & 5 Star transactions over the last two years, with an average transaction price of around $360k/unit. All other transactions in the submarket have been much smaller, trading for less than $5 million. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 2 821 Overview Boynton Beach Multi-Family KEY INDICATORS Asking RentVacancy RateUnitsCurrent Quarter Effective Rent Absorption Units Delivered Units Under Constr Units $2,3916.3%8,5964 & 5 Star $2,376 (13)0 0 $2,0636.9%3,4433 Star $2,053 (18)0 384 $1,2706.2%2,5751 & 2 Star $1,263 (5)0 0 $2,2176.4%14,614Submarket $2,204 (36)0 384 Forecast Average Historical Average12 MonthAnnual Trends Peak When Trough When 7.8%7.4%-1.1%Vacancy Change (YOY)12.6%2002 Q1 3.8%2021 Q3 126289322Absorption Units 1,292 2021 Q2 (279)2016 Q1 184314180Delivered Units 1,167 2018 Q3 0 2016 Q3 1650Demolished Units 49 2009 Q3 0 2024 Q1 3.3%3.2%0.4%Asking Rent Growth (YOY)26.8%2021 Q4 -2.8%2008 Q3 3.2%3.2%0.5%Effective Rent Growth (YOY)29.6%2021 Q4 -2.8%2009 Q2 N/A$130.2M$165MSales Volume $968.9M 2021 Q4 $2.5M 2009 Q2 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 3 822 Vacancy Boynton Beach Multi-Family Demand has slowed from elevated levels seen in 2020 and 2021, as household formation has slowed along with job gains. Net absorption in 2022 and 2023 remained at around one-third of the levels seen in the prior two years despite additions to supply. Annual absorption totals 320 units, remaining below five-year average annual absorption of 490 units. Positive, yet below-average demand has not been enough to stem a rise in vacancies, which have expanded to 6.4% in the second quarter of 2024 from lows of 3.8% in 2021. Despite this softening in the market, vacancies are expected to remain in line with current levels over the foreseeable future as positive net absorption meets more limited supply additions through 2024. Still, a rise in new inventory by year-end will put pressure on vacancies once again. The concentration of new supply in the 4 & 5 segment of the market will continue to put pressure on vacancies and rent gains here. With 384 units under construction and most expected to deliver in late 2024, the submarket is facing some supply pressure, though this is down from levels seen in 2020. Supply additions will impact 3 Star and 4 & 5 Star properties, with vacancies for these slices of the submarket standing at over 7% through the near-term forecast. More affordable product within the 1 & 2 Star segment will continue to see limited availability, with vacancies remaining below 7% through 2026. Despite a slight weakening in near-term fundamentals, Boynton Beach remains an attractive location that is relatively affordable for renters. The recent development of retail properties near Lantana in the northern area of the submarket helped drive further renter demand, specifically for the high concentration of multifamily assets built in the area over the last couple of years. The evolution of neighborhoods East of I 95, which hold the largest share of existing and newly built apartments since 2015, will remain essential for the continued performance of the submarket. ABSORPTION, NET DELIVERIES & VACANCY 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 4 823 Vacancy Boynton Beach Multi-Family OVERALL & STABILIZED VACANCY VACANCY RATE 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 5 824 Vacancy Boynton Beach Multi-Family VACANCY BY BEDROOM 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 6 825 Rent Boynton Beach Multi-Family More than a year of unprecedented double-digit rent hikes is now in the rearview mirror. Now rents are growing by 0.5% as of the second quarter of 2024, coming in under the 5-year historical average growth of 6.6%. 4 & 5 Star properties have led these unprecedented rent gains, outperforming 1 & 2 and 3 Star units in 2021 and early 2022. That said, over the last few quarters, 1 Star rent growth has pushed ahead once again, with annual gains of 2.4%. On the other hand, muted gains continue for 3 Star and 4 & 5 Star properties at -1.1% and respectively through the second quarter of 2024. Although real income gains saw a recovery starting in 2021, Palm Beach's median household income remains somewhat below the U.S. median. The fast rent hike over the last few years, outstripping U.S. average gains in 2022, combined with an increasingly limited supply of affordable product, place significant strains on the bulk of multifamily renters in the market. Palm Beach's elevated job concentration in the leisure and hospitality and trade, transportation, and utilities industries will further cement a broadening divergence between wages and rental rates. In the near-term forecast, employment growth within the recovering leisure and hospitality sector will put additional limits on rent gains, with workforce housing continuing to outperform. Furthermore, concessions have begun to increase in the general Palm Beach market as mounting deliveries are impacting 4—and 5-star apartment vacancies. A moderating economic environment, especially within the higher-income finance and information industries, will put additional strains on luxury demand and rental growth. That said, still-elevated home prices and mortgage interest rates will curtail homeownership even for higher wage earners, allowing the market to preserve a higher share of renters across all apartment quality segments. DAILY ASKING RENT PER SF 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 7 826 Rent Boynton Beach Multi-Family MARKET RENT PER UNIT & RENT GROWTH MARKET RENT PER UNIT BY BEDROOM 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 8 827 Construction Boynton Beach Multi-Family Groundbreakings remained elevated in 2023, totaling over 380 units, after over 470 units broke ground in 2022. Units underway total 384, the bulk of which are expected to be delivered by late 2024. Despite some supply pressure in the near term, Boynton Beach has seen limited construction activity relative to West Palm Beach proper and the surrounding submarket of Royal Palm Beach/Wellington. As a share of in-place inventory, construction activity makes up 2.6% of units, with all units being added composed of 3 Star and 4 & 5 Star luxury units. Over 80% of newly constructed units and units underway in the submarket since 2015 are concentrated in the Outer Boynton Beach neighborhood. Most new projects have been concentrated near major transit corridors, including I-95 and US 1. Stabilized vacancies for 4 & 5-star assets within the submarket remain tight at around 6%, while properties that have been delivered since 2020 have a higher vacancy rate of around 10%. The elevated vacancy rate for new deliveries in the submarket is driven by the high vacancy of Avion Riverwalk, which recently delivered and remains in lease-up along with soft occupancy at Manor Lantana. The largest project underway in Boynton Beach is the Elan Palm Reserve, with 384 units. Healthy job growth will aid new household formation and wage gains over the near-term forecast, resulting in steady housing demand. Furthermore, homeownership has been affected by increasing insurance premiums, elevated maintenance costs in older condo buildings, and a pandemic-driven rise in home prices, making renting more affordable. The short supply of new and existing single-family housing across South Florida, combined with high mortgage interest rates, puts additional pressure on home affordability, pushing some housing demand into the multifamily space. DELIVERIES & DEMOLITIONS 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 9 828 Construction Boynton Beach Multi-Family 308 672 384 371 All-Time Annual Avg. Units Delivered Units Past 8 Qtrs Delivered Units Next 8 Qtrs Proposed Units Next 8 Qtrs PAST 8 QUARTERS DELIVERIES, UNDER CONSTRUCTION, & PROPOSED PAST & FUTURE DELIVERIES IN UNITS 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 10 829 Construction Boynton Beach Multi-Family RECENT DELIVERIES Property Name/Address Rating Units Stories Start Complete Developer/Owner Jan 2022137 NE 10th Ave The Heart of Boynton Vil…124 4 Feb 2024 - Centennial Management Corpora…1 Jan 2022630 E Woolbright Rd Avion Riverwalk 319 10 May 2023 - Isram Realty & Management Inc.2 Jul 20223031 S Ocean The Palm Beach Resort 29 2 Dec 2022 - Copperline Partners3 Mar 2021101 S East Coast St The Bohemian 200 7 Aug 2022 Affiliated Development Affiliated Development4 UNDER CONSTRUCTION Property Name/Address Rating Units Stories Start Complete Developer/Owner Mar 20234350 Peregrine Way Elan Palm Reserve 384 3 Jul 2024 Kushner Companies Greystar Real Estate Partners1 PROPOSED Property Name/Address Rating Units Stories Start Complete Developer/Owner Jul 2024114-222 N Federal Hwy Ocean One 371 8 Jun 2026 Hyperion Development Group Inc. -1 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 11 830 Sales Boynton Beach Multi-Family Sales volume peaked in 2021 but has since slowed, with annual volume totaling just $50.5 million, in line with pre- pandemic levels. Since 2021, strong tenant demand resulting in significant rent gains has attracted outsized investor interest in Boynton Beach. Double-digit pricing gains in 2021 and further gains in 2022 have highlighted investor appetite for apartments in the area, though higher interest rates pressuring cap rates higher are now slowing pricing gains and transaction activity. One transaction drove most activity in 2023; this involved the sale of the Manor Lantana for around $138 million, or over $396k/unit. The Praedium Group acquired the 4- Star, 348-unit building from Rockpoint in June. The property, which recently delivered in 2021, traded at a premium relative to 4 & 5 Star transactions over the last two years, with an average transaction price of around $360k/unit. All other transactions in the submarket have been much smaller, trading for less than $3 million. Boynton Beach multifamily typically trades at a discount, around 20% below the Palm Beach market average as of the second quarter of 2024. Since 2020, transaction pricing growth in Boynton Beach has slightly underperformed the broader Palm Beach market, growing by around 39% versus 40% over the same time period. The average annual transaction price per unit has grown to around $250,000/unit today. Headwinds to occupancy, resulting in slower rent gains over the last few months, should result in a moderation in pricing appreciation in the near future. Due to the changing composition of the submarket's inventory, with around 60% of existing inventory now composed of 4 & 5 Star units up from around 40% back in 2010, most transaction volume has recently been concentrated in 4 & 5 Star assets. Going forward, tight financial conditions will continue to result in slower transaction activity relative to the boom in 2021 and 2022. Additionally, pricing growth will remain muted as softening fundamentals and higher cap rates continue to impact property values. SALES VOLUME & MARKET SALE PRICE PER UNIT 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 12 831 Sales Boynton Beach Multi-Family MARKET CAP RATE 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 13 832 Sales Past 12 Months Boynton Beach Multi-Family 17 $336 $10.3 14.1% Sale Comparables Avg. Price/Unit (thous.)Average Price (mil.) Average Vacancy at Sale SALE COMPARABLE LOCATIONS SALE COMPARABLES SUMMARY STATISTICS Sales Attributes Low Average Median High Sale Price $1,010,000 $10,299,025 $1,752,500 $138,000,000 Price/Unit $91,818 $335,609 $203,750 $396,551 Cap Rate 4.0%6.3%6.4%9.0% Vacancy Rate At Sale 0%14.1%7.7%100% Time Since Sale in Months 0.2 6.4 5.8 12.0 Property Attributes Low Average Median High Property Size in Units 5 29 9 348 Number of Floors 1 1 2 3 Average Unit SF 328 637 622 1,164 Year Built 1924 1959 1964 2021 Star Rating 2.2 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 14 833 Sales Past 12 Months Boynton Beach Multi-Family RECENT SIGNIFICANT SALES Sale InformationProperty Information RatingProperty Name/Address Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF 900 Water Tower Way -2021Manor Lantana1 348 16.4%6/15/2023 $138,000,000 $396,551 $575 -1974202 Lucerne Ave2 13 7.7%8/10/2023 $2,850,000 $219,230 $306 -1979400 Waterway Dr3 18 0%5/10/2024 $2,775,000 $154,166 $110 -1967901 N F St4 16 6.3%8/15/2023 $2,400,000 $150,000 $230 -19721850 Palm Trl5 8 0%12/20/2023 $2,375,000 $296,875 $373 -1965828 Lake Ave N6 7 0%2/1/2024 $2,362,500 $337,500 $349 -1947223-231 S Palmway7 9 11.1%4/15/2024 $2,330,000 $258,888 $321 -19641741 4th Ave N8 10 10.0%6/7/2024 $1,975,000 $197,500 $230 1025-1029 S K St -1965South K Street Apartments9 10 10.0%6/22/2023 $1,530,000 $153,000 $278 -19581001 S Federal Hwy10 8 12.5%2/26/2024 $1,300,000 $162,500 $295 -1924131 S Federal Hwy11 5 100%8/11/2023 $1,270,000 $254,000 $408 -1925301 S M St12 5 0%9/6/2023 $1,256,898 $251,379 $387 -1957320 NE 13th Ave13 10 10.0%12/22/2023 $1,200,000 $120,000 $283 -1974926 N L St14 8 0%12/28/2023 $1,100,000 $137,500 $215 -1926214-216 S M St15 5 0%10/2/2023 $1,050,000 $210,000 $388 -1950915 S Dixie Hwy16 11 9.1%4/12/2024 $1,010,000 $91,818 $280 -1950914 N J St17 5 0%12/19/2023 --- 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 15 834 Appendix Boynton Beach Multi-Family OVERALL SUPPLY & DEMAND AbsorptionInventory Units % of Inv Construction RatioUnitsGrowth% GrowthYear 2028 202 1.3%15,391 191 1.2%1.1 2027 160 1.1%15,189 94 0.6%1.7 2026 54 0.4%15,029 26 0.2%2.1 2025 (18)-0.1%14,975 92 0.6%- 2024 503 3.5%14,993 190 1.3%2.6 YTD 124 0.9%14,614 84 0.6%1.5 2023 319 2.3%14,490 314 2.2%1.0 2022 318 2.3%14,171 274 1.9%1.2 2021 348 2.6%13,853 937 6.8%0.4 2020 1,045 8.4%13,505 717 5.3%1.5 2019 324 2.7%12,460 174 1.4%1.9 2018 880 7.8%12,136 920 7.6%1.0 2017 340 3.1%11,256 338 3.0%1.0 2016 372 3.5%10,916 92 0.8%4.0 2015 0 0%10,544 (95)-0.9%0 2014 699 7.1%10,544 601 5.7%1.2 2013 (2)0%9,845 119 1.2%0 2012 578 6.2%9,847 596 6.1%1.0 4 & 5 STAR SUPPLY & DEMAND AbsorptionInventory Units % of Inv Construction RatioUnitsGrowth% GrowthYear 2028 221 2.5%9,069 205 2.3%1.1 2027 179 2.1%8,848 118 1.3%1.5 2026 73 0.8%8,669 4 0%18.3 2025 0 0%8,596 (24)-0.3%0 2024 0 0%8,596 (7)-0.1%0 YTD 0 0%8,596 9 0.1%0 2023 319 3.9%8,596 305 3.5%1.0 2022 200 2.5%8,277 266 3.2%0.8 2021 348 4.5%8,077 869 10.8%0.4 2020 1,033 15.4%7,729 646 8.4%1.6 2019 324 5.1%6,696 168 2.5%1.9 2018 831 15.0%6,372 917 14.4%0.9 2017 350 6.7%5,541 324 5.8%1.1 2016 372 7.7%5,191 126 2.4%3.0 2015 0 0%4,819 (36)-0.7%0 2014 714 17.4%4,819 578 12.0%1.2 2013 0 0%4,105 57 1.4%0 2012 456 12.5%4,105 426 10.4%1.1 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 16 835 Appendix Boynton Beach Multi-Family 3 STAR SUPPLY & DEMAND AbsorptionInventory Units % of Inv Construction RatioUnitsGrowth% GrowthYear 2028 0 0%3,826 2 0.1%0 2027 0 0%3,826 1 0%0 2026 0 0%3,826 49 1.3%0 2025 0 0%3,826 141 3.7%0 2024 507 15.3%3,826 215 5.6%2.4 YTD 124 3.7%3,443 84 2.4%1.5 2023 0 0%3,319 15 0.5%0 2022 95 2.9%3,319 36 1.1%2.6 2021 0 0%3,224 41 1.3%0 2020 0 0%3,224 30 0.9%0 2019 0 0%3,224 18 0.6%0 2018 49 1.5%3,224 8 0.2%6.1 2017 0 0%3,175 21 0.7%0 2016 0 0%3,175 (18)-0.6%0 2015 0 0%3,175 (50)-1.6%0 2014 0 0%3,175 23 0.7%0 2013 8 0.3%3,175 54 1.7%0.1 2012 122 4.0%3,167 134 4.2%0.9 1 & 2 STAR SUPPLY & DEMAND AbsorptionInventory Units % of Inv Construction RatioUnitsGrowth% GrowthYear 2028 (19)-0.8%2,496 (16)-0.6%1.2 2027 (19)-0.7%2,515 (25)-1.0%0.8 2026 (19)-0.7%2,534 (27)-1.1%0.7 2025 (18)-0.7%2,553 (25)-1.0%0.7 2024 (4)-0.2%2,571 (18)-0.7%0.2 YTD 0 0%2,575 (9)-0.3%0 2023 0 0%2,575 (6)-0.2%0 2022 23 0.9%2,575 (28)-1.1%- 2021 0 0%2,552 27 1.1%0 2020 12 0.5%2,552 41 1.6%0.3 2019 0 0%2,540 (12)-0.5%0 2018 0 0%2,540 (5)-0.2%0 2017 (10)-0.4%2,540 (7)-0.3%1.4 2016 0 0%2,550 (16)-0.6%0 2015 0 0%2,550 (9)-0.4%0 2014 (15)-0.6%2,550 0 0%- 2013 (10)-0.4%2,565 8 0.3%- 2012 0 0%2,575 36 1.4%0 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 17 836 Appendix Boynton Beach Multi-Family OVERALL VACANCY & RENT Market RentVacancy Per Unit Per SF % GrowthUnitsPercentPpts ChgYear Units Per SFPpts Chg Effective Rents (0.2)2028 7.9%01,209 $2,596 $2.53 3.2%$2,575 $2.51 (0.4)2027 7.9%0.31,198 $2,516 $2.45 3.4%$2,496 $2.43 (0.5)2026 7.5%0.21,134 $2,433 $2.37 3.8%$2,414 $2.35 3.020257.4%(0.7)1,105 $2,344 $2.28 4.3%$2,326 $2.27 1.220248.1%1.91,214 $2,248 $2.19 1.3%$2,230 $2.17 0.4YTD6.4%0.2939 $2,217 $2.16 0.5%$2,204 $2.15 (1.4)2023 6.2%(0.1)899 $2,220 $2.16 0%$2,207 $2.15 (25.3)2022 6.3%0.2895 $2,219 $2.16 1.4%$2,204 $2.15 23.420216.2%(4.5)852 $2,188 $2.13 26.8%$2,179 $2.12 (0.4)2020 10.7%1.71,442 $1,726 $1.68 3.4%$1,681 $1.63 1.020198.9%1.01,113 $1,669 $1.62 3.8%$1,658 $1.61 1.520187.9%(1.0)962 $1,609 $1.56 2.8%$1,570 $1.53 (0.7)2017 8.9%(0.3)1,003 $1,566 $1.52 1.3%$1,524 $1.48 (2.9)2016 9.2%2.31,001 $1,546 $1.50 2.0%$1,522 $1.48 1.120156.8%0.9722 $1,515 $1.47 4.9%$1,497 $1.46 1.520145.9%0.6627 $1,444 $1.40 3.8%$1,429 $1.39 (1.9)2013 5.4%(1.2)529 $1,391 $1.35 2.3%$1,381 $1.34 -2012 6.6%(0.6)649 $1,359 $1.32 4.2%$1,345 $1.31 4 & 5 STAR VACANCY & RENT Market RentVacancy Per Unit Per SF % GrowthUnitsPercentPpts ChgYear Units Per SFPpts Chg Effective Rents (0.2)2028 8.0%0728 $2,801 $2.66 3.1%$2,778 $2.64 (0.5)2027 8.0%0.5712 $2,717 $2.58 3.3%$2,694 $2.56 (0.6)2026 7.5%0.7651 $2,629 $2.50 3.8%$2,607 $2.48 2.720256.8%0.3582 $2,533 $2.41 4.4%$2,512 $2.39 2.320246.5%0.1558 $2,427 $2.31 1.6%$2,407 $2.29 1.6YTD6.3%(0.1)542 $2,391 $2.27 0.9%$2,376 $2.26 (0.9)2023 6.4%(0.1)551 $2,389 $2.27 -0.7%$2,373 $2.26 (29.7)2022 6.5%(1.0)538 $2,406 $2.29 0.2%$2,387 $2.27 26.320217.5%(7.1)604 $2,400 $2.28 29.9%$2,388 $2.27 0.8202014.5%3.51,124 $1,848 $1.76 3.6%$1,783 $1.69 (0.6)2019 11.0%1.9737 $1,784 $1.70 2.8%$1,769 $1.68 2.820189.1%(2.9)581 $1,735 $1.65 3.4%$1,687 $1.60 (1.6)2017 12.0%(0.3)667 $1,678 $1.59 0.6%$1,621 $1.54 (2.4)2016 12.4%4.1642 $1,668 $1.58 2.2%$1,640 $1.56 1.620158.2%0.8397 $1,631 $1.55 4.6%$1,609 $1.53 0.620147.5%2.0360 $1,559 $1.48 3.0%$1,539 $1.46 (1.2)2013 5.5%(1.4)224 $1,513 $1.44 2.4%$1,501 $1.43 -2012 6.9%(0.1)281 $1,478 $1.40 3.7%$1,460 $1.39 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 18 837 Appendix Boynton Beach Multi-Family 3 STAR VACANCY & RENT Market RentVacancy Per Unit Per SF % GrowthUnitsPercentPpts ChgYear Units Per SFPpts Chg Effective Rents (0.2)2028 7.8%(0.1)297 $2,404 $2.24 3.3%$2,387 $2.23 (0.3)2027 7.8%0300 $2,327 $2.17 3.5%$2,311 $2.16 (0.3)2026 7.9%(1.3)301 $2,249 $2.10 3.8%$2,234 $2.09 4.220259.1%(3.7)350 $2,167 $2.02 4.1%$2,152 $2.01 (1.9)2024 12.8%6.9491 $2,082 $1.94 -0.2%$2,068 $1.93 (2.9)YTD 6.9%1.0238 $2,063 $1.92 -1.1%$2,053 $1.92 (2.9)2023 5.9%(0.5)197 $2,086 $1.95 1.8%$2,078 $1.94 (17.7)2022 6.4%1.6213 $2,050 $1.91 4.6%$2,041 $1.91 19.620214.8%(1.3)154 $1,959 $1.83 22.4%$1,957 $1.83 (4.1)2020 6.1%(0.9)195 $1,601 $1.49 2.8%$1,596 $1.49 6.020197.0%(0.5)225 $1,558 $1.45 6.8%$1,554 $1.45 (1.9)2018 7.5%1.2243 $1,458 $1.36 0.8%$1,434 $1.34 1.420176.4%(0.7)202 $1,446 $1.35 2.7%$1,434 $1.34 (4.6)2016 7.0%0.6223 $1,408 $1.31 1.3%$1,388 $1.29 (0.6)2015 6.5%1.6206 $1,391 $1.30 5.8%$1,379 $1.29 4.520144.9%(0.7)155 $1,314 $1.22 6.5%$1,306 $1.22 (4.6)2013 5.6%(1.4)178 $1,234 $1.15 2.0%$1,227 $1.14 -2012 7.1%(0.6)223 $1,210 $1.13 6.6%$1,201 $1.12 1 & 2 STAR VACANCY & RENT Market RentVacancy Per Unit Per SF % GrowthUnitsPercentPpts ChgYear Units Per SFPpts Chg Effective Rents (0.2)2028 7.4%0185 $1,513 $2.27 3.4%$1,505 $2.26 (0.4)2027 7.4%0.3187 $1,464 $2.20 3.6%$1,456 $2.19 (0.5)2026 7.1%0.3181 $1,413 $2.12 4.0%$1,405 $2.11 0.520256.8%0.3173 $1,358 $2.04 4.5%$1,351 $2.03 1.520246.4%0.6166 $1,300 $1.95 4.0%$1,293 $1.94 (0.1)YTD 6.2%0.3160 $1,270 $1.89 2.4%$1,263 $1.88 (1.2)2023 5.9%0.3151 $1,251 $1.86 2.5%$1,244 $1.85 (1.4)2022 5.6%1.9145 $1,220 $1.81 3.7%$1,214 $1.80 1.720213.7%(1.1)94 $1,177 $1.74 5.0%$1,172 $1.74 1.020204.8%(1.2)122 $1,120 $1.65 3.4%$1,115 $1.64 (1.0)2019 5.9%0.5150 $1,084 $1.59 2.4%$1,078 $1.58 020185.4%0.2138 $1,058 $1.55 3.4%$1,052 $1.54 0.620175.2%(0.1)133 $1,023 $1.50 3.4%$1,017 $1.49 (1.2)2016 5.3%0.6136 $989 $1.44 2.8%$984 $1.43 0.720154.7%0.3120 $963 $1.40 4.0%$958 $1.39 0.720144.4%(0.5)112 $926 $1.35 3.3%$921 $1.34 1.520134.9%(0.7)126 $896 $1.30 2.6%$892 $1.29 -2012 5.6%(1.4)145 $874 $1.26 1.1%$865 $1.25 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 19 838 Appendix Boynton Beach Multi-Family OVERALL SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----447-$370,293 4.7% 2027 -----412-$341,516 4.9% 2026 -----380-$314,979 5.1% 2025 -----352-$291,700 5.3% 2024 -----337-$279,497 5.2% YTD $11.8M6 0.4%$186,548$1,958,750 3447.2%$284,971 5.1% 2023 $159.8M18 4.8%$343,692$11,415,493 3385.2%$280,117 5.0% 2022 $199M29 4.8%$312,376$8,651,470 3624.7%$299,759 4.5% 2021 $968.9M44 25.9%$304,127$26,915,218 3745.8%$309,833 4.1% 2020 $13.9M15 1.3%$89,461$1,155,543 2766.5%$228,931 4.9% 2019 $217.9M35 12.6%$180,049$7,780,689 2486.7%$205,557 5.2% 2018 $230.9M24 12.3%$157,938$10,995,488 2256.5%$186,081 5.5% 2017 $79M32 4.1%$206,686$3,588,818 2127.0%$176,100 5.5% 2016 $243.9M28 12.8%$180,397$11,086,226 2017.6%$166,638 5.6% 2015 $86.6M18 7.5%$112,858$5,770,800 1927.9%$159,094 5.6% 2014 $97.2M17 10.1%$91,529$6,075,250 1727.9%$142,776 5.8% 2013 $128.7M24 11.5%$118,721$6,434,679 1557.8%$128,226 6.2% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 4 & 5 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----467-$423,816 4.2% 2027 -----430-$390,346 4.4% 2026 -----396-$359,525 4.6% 2025 -----366-$332,538 4.8% 2024 -----351-$318,487 4.8% YTD -----358-$324,841 4.6% 2023 $138M2 6.5%$396,552$138,000,000 351-$318,692 4.6% 2022 $162M3 5.2%$379,274$53,983,333 3763.7%$341,661 4.1% 2021 $895.5M8 37.9%$328,995$127,932,143 3853.5%$350,035 3.8% 2020 -----290-$263,397 4.4% 2019 $190.1M4 19.1%$197,969$63,350,000 2614.5%$236,932 4.7% 2018 $206.4M5 19.1%$169,558$41,270,471 2384.7%$216,458 4.9% 2017 $60.4M1 3.4%$321,011$60,350,000 2254.6%$204,766 5.0% 2016 $133.4M2 11.6%$221,512$66,675,000 2135.3%$193,423 5.0% 2015 $35.5M1 4.4%$165,888$35,500,000 2014.8%$182,874 5.1% 2014 $32M1 8.4%$79,208$32,000,000 1796.5%$162,574 5.3% 2013 $117.1M3 20.2%$141,106$39,039,340 1604.8%$145,116 5.6% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 20 839 Appendix Boynton Beach Multi-Family 3 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----436-$353,876 4.6% 2027 -----402-$326,285 4.8% 2026 -----371-$300,881 5.1% 2025 -----344-$278,800 5.2% 2024 -----330-$267,558 5.2% YTD $2.3M1 0.3%$258,889$2,330,000 3376.4%$273,462 5.1% 2023 $1.2M1 0.2%$191,667$1,150,000 3324.8%$269,219 5.0% 2022 $11.6M6 1.9%$187,153$1,933,917 3494.2%$283,396 4.5% 2021 $24.3M6 5.1%$154,082$4,869,000 3686.6%$298,030 4.1% 2020 $4.3M3 1.3%$102,448$1,434,267 2605.4%$210,954 4.9% 2019 $10.4M10 3.0%$124,774$1,294,531 2336.7%$188,630 5.3% 2018 $5.8M4 0.9%$231,000$1,925,000 2045.8%$165,102 5.6% 2017 $2.3M2 0.8%$86,538$1,125,000 1937.0%$156,275 5.7% 2016 $99.9M4 18.5%$170,460$24,972,433 183-$148,058 5.8% 2015 $38M3 10.9%$109,827$12,666,667 1786.5%$144,660 5.7% 2014 $45.6M3 12.9%$111,280$15,208,333 1635.6%$132,044 5.9% 2013 $445K1 0.3%$55,625$445,000 14811.0%$119,909 6.2% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 1 & 2 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----366-$216,020 6.3% 2027 -----341-$201,145 6.5% 2026 -----317-$187,225 6.7% 2025 -----296-$174,544 6.9% 2024 -----283-$167,084 6.9% YTD $9.4M5 2.1%$174,491$1,884,500 2877.6%$168,981 6.7% 2023 $20.7M15 5.2%$186,188$1,722,242 2845.2%$167,542 6.6% 2022 $25.4M20 7.5%$171,826$1,816,450 3125.1%$184,201 5.9% 2021 $49.1M30 14.2%$160,385$2,044,911 3285.8%$193,172 5.4% 2020 $9.6M12 5.4%$84,635$1,062,635 2386.8%$140,594 6.3% 2019 $17.5M21 7.4%$104,509$1,026,650 2146.9%$125,977 6.8% 2018 $18.8M15 9.4%$85,354$1,444,454 1968.3%$115,853 7.0% 2017 $16.4M29 9.6%$97,345$860,737 1867.5%$109,869 7.1% 2016 $10.7M22 8.4%$64,983$666,078 1788.0%$104,839 7.2% 2015 $13.1M14 8.9%$63,101$1,187,455 1729.0%$101,161 7.1% 2014 $19.6M13 9.9%$78,948$1,631,583 1578.3%$92,638 7.4% 2013 $11.1M20 11.5%$45,246$695,659 1438.7%$84,200 7.9% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 21 840 Appendix Boynton Beach Multi-Family DELIVERIES & UNDER CONSTRUCTION Net DeliveriesInventory Bldgs Units BldgsBldgsUnitsVacancyYear Under Construction Units Deliveries Bldgs Units 2028 15,392 7.9%--221 ---201 2027 15,191 7.9%--179 ---160 2026 15,031 7.5%--73 ---55 2025 14,976 7.4%--0 ---(19) 2024 14,995 8.1%--508 ---505 YTD 14,614 6.4%320 1 124 1 3841124 2023 14,490 6.2%319 1 319 2 5081319 2022 14,171 6.3%318 3 324 2 4432318 2021 13,853 6.2%316 1 348 2 2951348 2020 13,505 10.7%315 4 1,045 2 44341,045 2019 12,460 8.9%311 1 324 4 1,0451324 2018 12,136 7.9%310 5 880 1 3245880 2017 11,256 8.9%305 1 350 5 8800340 2016 10,916 9.2%305 2 372 3 9172372 2015 10,544 6.8%303 0 0 3 71300 2014 10,544 5.9%303 3 714 0 02699 2013 9,845 5.4%301 2 16 3 7140(2) 2012 9,847 6.6%301 2 578 3 1242578 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 22 841 PREPARED BY Hank Fishkind Multi-Family Capital Markets Report Boynton Beach Palm Beach - FL USA EXHIBIT 4 842 MULTI-FAMILY CAPITAL MARKETS REPORT - SUBMARKET Capital Markets Overview 1 Market Pricing 6 Buying & Selling By Owner Type 8 Investment Trends By Buyer & Seller Origin 9 Submarket Sales Trends 10 Recent Significant Sales 11 Players 15 Sale Trends 19 Boynton Beach Multi-Family 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 843 Capital Markets Overview Boynton Beach Multi-Family $4.3B $164.8M 5.1%-1.5% Asset Value 12 Mo Sales Volume Market Cap Rate Mkt Sale Price/Unit Chg (YOY) 12 MO SALES PRICE Average Lowest Highest Market Cap Rate 6.3%4.0%9.0%5.1% Sale Price/Unit $332.2K $91.8K $396.6K $285K Sale Price $10.3M $1M $138M - Sale vs Asking Price -16.5%-40.2%-4.6%- % Leased at Sale 84.4%0%100%- 12 MO SALES VOLUME Total Lowest Highest Transactions 17 -- Sales Volume $164.8M $1M $138M Properties Sold 17 -- Transacted Units 496 5 348 Average Units 29 5 348 KEY PERFORMANCE INDICATORS SUMMARY Sales volume peaked in 2021 but has since slowed, with annual volume totaling just $50.5 million, in line with pre- pandemic levels. Since 2021, strong tenant demand resulting in significant rent gains has attracted outsized investor interest in Boynton Beach. Double-digit pricing gains in 2021 and further gains in 2022 have highlighted investor appetite for apartments in the area, though higher interest rates pressuring cap rates higher are now slowing pricing gains and transaction activity. One transaction drove most activity in 2023; this involved the sale of the Manor Lantana for around $138 million, or over $396k/unit. The Praedium Group acquired the 4- Star, 348-unit building from Rockpoint in June. The property, which recently delivered in 2021, traded at a premium relative to 4 & 5 Star transactions over the last two years, with an average transaction price of around $360k/unit. All other transactions in the submarket have been much smaller, trading for less than $3 million. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 2 844 Capital Markets Overview Boynton Beach Multi-Family Boynton Beach multifamily typically trades at a discount, around 20% below the Palm Beach market average as of the second quarter of 2024. Since 2020, transaction pricing growth in Boynton Beach has slightly underperformed the broader Palm Beach market, growing by around 39% versus 40% over the same time period. The average annual transaction price per unit has grown to around $250,000/unit today. Headwinds to occupancy, resulting in slower rent gains over the last few months, should result in a moderation in pricing appreciation in the near future. Due to the changing composition of the submarket's inventory, with around 60% of existing inventory now composed of 4 & 5 Star units up from around 40% back in 2010, most transaction volume has recently been concentrated in 4 & 5 Star assets. Going forward, tight financial conditions will continue to result in slower transaction activity relative to the boom in 2021 and 2022. Additionally, pricing growth will remain muted as softening fundamentals and higher cap rates continue to impact property values. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 3 845 Capital Markets Overview Boynton Beach Multi-Family MARKET SALE PRICE & TRANSACTION SALE PRICE PER UNIT MARKET CAP RATE & TRANSACTION CAP RATE SALES VOLUME BY TRANSACTION TYPE 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 4 846 Capital Markets Overview Boynton Beach Multi-Family CAP RATE DISTRIBUTION PAST 12 MONTHSSALE PRICE PER UNIT DISTRIBUTION PAST 12 MONTHS CAP RATE BY TRANSACTION TYPESALE PRICE PER UNIT BY TRANSACTION TYPE SOLD UNITS AS % OF TOTAL UNITSCUMULATIVE SALES VOLUME BY YEAR 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 5 847 Capital Markets Overview Boynton Beach Multi-Family ASSET VALUE BY OWNER TYPESALES VOLUME BY BUYER TYPE PAST 12 MONTHS OCCUPANCY AT SALESALE TO ASKING PRICE DIFFERENTIAL PROBABILITY OF SELLING IN MONTHSMONTHS TO SALE 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 6 848 Market Pricing Boynton Beach Multi-Family MARKET CAP RATEMARKET SALE PRICE PER UNIT MARKET CAP RATE BY STAR RATINGMARKET SALE PRICE PER UNIT BY STAR RATING MARKET CAP RATE DISTRIBUTIONMARKET SALE PRICE PER UNIT DISTRIBUTION 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 7 849 Market Pricing Boynton Beach Multi-Family 4-5 STAR MARKET CAP RATE DISTRIBUTION4-5 STAR MARKET SALE PRICE PER UNIT DISTRIBUTION 3 STAR MARKET CAP RATE DISTRIBUTION3 STAR MARKET SALE PRICE PER UNIT DISTRIBUTION 1-2 STAR MARKET CAP RATE DISTRIBUTION1-2 STAR MARKET SALE PRICE PER UNIT DISTRIBUTION 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 8 850 Buying & Selling By Owner Type Boynton Beach Multi-Family SALES VOLUME BY BUYER TYPE SALES VOLUME BY SELLER TYPE NET BUYING & SELLING BY OWNER TYPE 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 9 851 Investment Trends By Buyer & Seller Origin Boynton Beach Multi-Family ASSET VALUE BY OWNER ORIGINSALES VOLUME BY BUYER ORIGIN PAST 12 MONTHS SALES VOLUME BY OWNER ORIGIN Year Sales Volume Bought Sold Net Trans Bought Sold Net Trans Bought Sold Net Trans Total Local National Foreign YTD $11.8M $3.9M $7.8M -$4M $5.9M $3.9M $2M --- 2023 $159.8M $2.8M $9M -$6.2M $157M $150.8M $6.2M --- 2022 $199M $19M $28.5M -$9.4M $177.2M $99.5M $77.6M -$71M -$71M 2021 $968.9M $8.1M $198.6M -$190.5M $956.8M $767M $189.8M --- 2020 $13.9M $6.1M $4.7M $1.4M $7.8M $9.2M -$1.4M --- 2019 $217.9M $61.5M $7.9M $53.6M $155.8M $209.5M -$53.6M --- 2018 $230.9M $4.1M $119.8M -$115.7M $116.3M $110.2M $6.1M $109.7M -$109.7M 2017 $79M $7.8M $10.5M -$2.7M $68M $68.5M -$489K --- 2016 $243.9M $5.5M $31.2M -$25.8M $237.8M $212.6M $25.2M $69.2K $87.5K -$18.3K 2015 $86.6M $4.3M $4M $378K $81.4M $45.8M $35.6M $780K $36.8M -$36M 2014 $97.2M $11.4M $8M $3.4M $85.3M $74.1M $11.2M $510K $15.1M -$14.6M CAP RATE BY BUYER ORIGINSALE PRICE PER UNIT BY BUYER ORIGIN 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 10 852 Submarket Sales Trends Boynton Beach Multi-Family SUBMARKET SALES TRANSACTIONS PAST 12 MONTHS Submarket Name Sales Volume Transactions Transacted Units Avg Units Mkt Cap Rate Mkt Sale Price/Unit West Palm Beach $290,844,520 22 1,326 60 5.0%$305,556 Royal Palm Beach/Wellington $184,544,935 2 685 343 4.7%$300,359 Boynton Beach $164,784,398 17 496 29 5.1%$284,971 Boca Raton $147,787,600 4 313 78 4.8%$380,558 Palm Beach Gardens/Jupiter $119,711,000 5 539 108 4.7%$338,057 Greenacres $75,000,000 3 298 99 5.2%$236,425 Delray Beach $2,500,000 1 8 8 4.7%$384,017 Belle Glade $350,000 1 8 8 7.6%$60,605 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 11 853 Recent Significant Sales Boynton Beach Multi-Family 900 Water Tower Way • Manor Lantana Water Tower Commons • Lantana, FL 33462 Buyer The Praedium Group (USA) Seller Related Development, LLC (USA) +1 Sale Type Investment Sale Date Jun 2023 Sale Price $138M ($396.6K/Unit) Leased 84% Hold Period 29 Months Units 348 Year Built 2021 202 Lucerne Ave Lake Worth, FL 33460 Buyer Ajz Investment Incorporated (USA) Broker Marcus & Millichap Seller Marco & Deborah Seidman (USA) Broker Marcus & Millichap Sale Type Investment Sale Date Aug 2023 Sale Price $2.9M ($219.2K/Unit) Cap Rate 5.9% (Actual) Leased 100% Hold Period 53 Months Units 13 Year Built 1974 400 Waterway Dr Lantana, FL 33462 Buyer Omid Esmailzadegan (USA) Seller Turk Marvin B (USA) Broker Strategic Realty Services, LLC Sale Type Investment Sale Cond High Vacancy Property Sale Date May 2024 Sale Price $2.8M ($154.2K/Unit) Leased 100% Hold Period 20+ Years Units 18 Year Built 1979 901 N F St Lake Worth, FL 33460 Buyer Stephen P Bishop (USA) Seller William Feldkamp (USA) Sale Type Investment Sale Date Aug 2023 Sale Price $2.4M ($150K/Unit) Leased 100% Hold Period 120 Months Units 16 Year Built 1967 1850 Palm Trl Delray Beach, FL 33483 Buyer Joseph Battaglia (USA) Seller Barry Rubin (USA) Sale Type Investment Sale Date Dec 2023 Sale Price $2.4M ($296.9K/Unit) Leased 100% Hold Period 25 Months Units 8 Year Built 1972 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 12 854 Recent Significant Sales Boynton Beach Multi-Family 828 Lake Ave N Delray Beach, FL 33483 Buyer Joseph J Battaglia (USA) Seller Grecia Larkin (USA) +1 Sale Type Investment Sale Date Feb 2024 Sale Price $2.4M ($337.5K/Unit) Leased 94% Hold Period 57 Months Units 7 Year Built 1965 223-231 S Palmway Lake Worth, FL 33460 Buyer Nichole Garcia (USA) Broker ONE Commercial Real Estate Seller Stephen Marcuccio (USA) Broker ONE Commercial Real Estate Sale Type Investment Sale Date Apr 2024 Sale Price $2.3M ($258.9K/Unit) Cap Rate 6.4% (Actual) Leased 93% Hold Period 20+ Years Units 9 Year Built 1947 (Renov 2021) 1741 4th Ave N Lake Worth Beach, FL 33460 Broker Champagne & Parisi Real Estate Seller Travis Mack (USA) Broker RE/MAX Consultants Realty I Sale Type Investment Sale Date Jun 2024 Sale Price $2M ($197.5K/Unit) Cap Rate 6.2% (Actual) Leased 100% Hold Period 20+ Years Units 10 Year Built 1964 1025-1029 S K St • South K Street Apartments Lake Worth, FL 33460 Buyer Harris Markowitz (USA) Seller Michael Herzog (USA) Broker ONE Commercial Real Estate Sale Type Investment Sale Cond Assemblage Sale Date Jun 2023 Sale Price $1.5M ($153K/Unit) Cap Rate 6.4% (Actual) Leased 100% Hold Period 97 Months Units 10 Year Built 1965 1001 S Federal Hwy Lake Worth, FL 33460 Buyer Matthew Ryan (USA) Broker BitRealty Seller Pirkko Pedersen (USA) Broker Platinum Properties Real Estate Inc Sale Type Investment Sale Cond Deferred Maintenance Sale Date Feb 2024 Sale Price $1.3M ($162.5K/Unit) Cap Rate 9.0% (Actual) Leased 94% Hold Period 20+ Years Units 8 Year Built 1958 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 13 855 Recent Significant Sales Boynton Beach Multi-Family 131 S Federal Hwy Lake Worth, FL 33460 Buyer Matthew Ryan (USA) Seller Access USA Realty Inc (USA) Broker BitRealty Sale Type Investment Sale Date Aug 2023 Sale Price $1.3M ($254K/Unit) Leased 0% Hold Period 22 Months Units 5 Year Built 1924 301 S M St Lake Worth, FL 33460 Buyer The MCR Group (USA) Seller Wali Khan (USA) Broker Marcus & Millichap Sale Type Investment Sale Date Sep 2023 Sale Price $1.3M ($251.4K/Unit) Cap Rate 4.0% (Actual) Leased 60% Hold Period 27 Months Units 5 Year Built 1925 320 NE 13th Ave Boynton Beach, FL 33435 Buyer Zagury Scott P.A (USA) Broker Fatherson Realty, Inc. Seller Ljm Investor Group Llc (USA) Broker Fatherson Realty, Inc. Sale Type Investment Sale Date Dec 2023 Sale Price $1.2M ($120K/Unit) Leased 100% Hold Period 48 Months Units 10 Year Built 1957 (Renov 2015) 926 N L St Lake Worth, FL 33460 Buyer Alex J Cohen (USA) Broker Coldwell Banker Hometown Real Estate Seller Karin Lurtz (USA) Broker Coldwell Banker Hometown Real Estate Sale Type Investment Sale Cond Distress Sale,Deferred Maintenance,Hi… Sale Date Dec 2023 Sale Price $1.1M ($137.5K/Unit) Leased 94% Hold Period 20+ Years Units 8 Year Built 1974 214-216 S M St Lake Worth, FL 33460 Buyer Gregory T Chudecke (USA) Broker Keller Williams Realty of the Palm Bea… Seller Jack B. Turner (USA) Broker ONE Commercial Real Estate Sale Type Investment Sale Cond High Vacancy Property,Furniture, Fixtu… Sale Date Oct 2023 Sale Price $1.1M ($210K/Unit) Cap Rate 6.4% (Actual) Leased 0% Hold Period 23 Months Units 5 Year Built 1926 (Renov 2021) 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 14 856 Recent Significant Sales Boynton Beach Multi-Family 915 S Dixie Hwy Lake Worth, FL 33460 Buyer Oleg Alba (USA) Broker The Keyes Company Seller Anil Lakum (USA) Broker The Keyes Company Sale Type Investment Sale Date Apr 2024 Sale Price $1M ($91.8K/Unit) Leased 93% Hold Period 111 Months Units 11 Year Built 1950 (Renov 2016) 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 15 857 Players Boynton Beach Multi-Family TOP OWNERS Company Name Owned Units Owned Props Avg Units 12 Mo Bought 12 Mo Sold 12 Mo Net Trans Olen Properties 1,267 3 422 --- Blackstone Inc.976 3 325 --- Blackstone Real Estate Income Trust,…976 3 325 --- Northland 683 2 341 --- Advenir, Inc.616 2 308 --- Starwood Capital Group 548 1 548 --- Caisse de dépôt et placement du Qué…466 1 466 --- IMT Residential 466 1 466 --- Ivanhoé Cambridge 466 1 466 --- Heitman America Real Estate Trust 456 1 456 --- The Dermot Company 456 1 456 --- The Shidler Group 433 1 433 --- Reath.ai 433 1 433 --- PRG Real Estate Management, Inc.416 1 416 --- Aspen Square Management 404 1 404 --- The NHP Foundation 384 1 384 --- Olympus Properties 360 1 360 --- Morguard Corporation 351 2 175 --- Morguard Investments Limited 351 2 175 --- TIAA 350 1 350 --- Nuveen 350 1 350 --- The Praedium Group 348 1 348 $138,000,000 -$138,000,000 Avanti Residential 341 1 341 --- Compson Associates, Inc.338 1 338 --- Walton Street Capital, LLC 324 1 324 --- Isram Realty & Management Inc.319 1 319 --- Acumen Real Estate II LLC 288 1 288 --- Belcrest Realty Corporation 280 1 280 --- Klingbeil Capital Management 280 1 280 --- Banner Oak Capital Partners, LP 250 1 250 --- Affiliated Development 240 1 240 --- ESG Kullen 219 1 219 --- Waterton 216 1 216 --- MLG Asset Management LLC 214 1 214 --- Sunny Side In Florida LLC 201 7 28 --- Affiliated Development 200 1 200 --- Yuksel, Inc.196 2 98 --- CalPERS 188 1 188 --- GID Investment Advisors LLC 188 1 188 --- Preston Giuliano Capital Partners 127 1 127 --- Robbins Property Associates, LLC 127 1 127 --- Preston Giuliano Capital Partners 127 1 127 --- 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 16 858 Players Boynton Beach Multi-Family TOP BUYERS PAST 12 MONTHS Company Name Sales Volume Transactions Transacted Units Avg Units Cap Rate Sale Price/Unit The Praedium Group $138,000,000 1 348 348 -$396,552 Ajz Investment Incorporated $2,850,000 1 13 13 5.9%$219,231 Omid Esmailzadegan $2,775,000 1 18 18 -$154,167 Matthew Ryan $2,570,000 2 13 7 9.0%$197,692 Stephen P Bishop $2,400,000 1 16 16 -$150,000 Joseph Battaglia $2,375,000 1 8 8 -$296,875 Joseph J Battaglia $2,362,500 1 7 7 -$337,500 Nichole Garcia $2,330,000 1 9 9 6.4%$258,889 Harris Markowitz $1,530,000 1 10 10 6.4%$153,000 The MCR Group $1,256,898 1 5 5 4.0%$251,380 Zagury Scott P.A $1,200,000 1 10 10 -$120,000 Alex J Cohen $1,100,000 1 8 8 -$137,500 Gregory T Chudecke $1,050,000 1 5 5 6.4%$210,000 Oleg Alba $1,010,000 1 11 11 -$91,818 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 17 859 Players Boynton Beach Multi-Family TOP SELLERS PAST 12 MONTHS Company Name Sales Volume Transactions Transacted Units Avg Units Cap Rate Sale Price/Unit Related Development, LLC $69,000,000 1 174 174 -$396,552 Rockpoint $69,000,000 1 174 174 -$396,552 Marco & Deborah Seidman $2,850,000 1 13 13 5.9%$219,231 Turk Marvin B $2,775,000 1 18 18 -$154,167 William Feldkamp $2,400,000 1 16 16 -$150,000 Barry Rubin $2,375,000 1 8 8 -$296,875 Stephen Marcuccio $2,330,000 1 9 9 6.4%$258,889 Travis Mack $1,975,000 1 10 10 6.2%$197,500 Michael Herzog $1,530,000 1 10 10 6.4%$153,000 Pirkko Pedersen $1,300,000 1 8 8 9.0%$162,500 Access USA Realty Inc $1,270,000 1 5 5 -$254,000 Wali Khan $1,256,898 1 5 5 4.0%$251,380 Ljm Investor Group Llc $1,200,000 1 10 10 -$120,000 Grecia Larkin $1,181,250 1 3 3 -$393,750 Kenneth J Goodman $1,181,250 1 3 3 -$393,750 Karin Lurtz $1,100,000 1 8 8 -$137,500 Jack B. Turner $1,050,000 1 5 5 6.4%$210,000 Anil Lakum $1,010,000 1 11 11 -$91,818 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 18 860 Players Boynton Beach Multi-Family TOP BROKERS PAST 12 MONTHS Company Name Sales Volume Transactions Transacted Units Avg Units Cap Rate Sale Price/Unit ONE Commercial Real Estate $7,240,000 4 33 8 6.4%$219,394 Marcus & Millichap $6,956,898 3 31 10 5.2%$224,416 Keller Williams Realty $3,450,000 3 25 8 6.4%$138,000 The Keyes Company - Commercial Sales &…$3,320,000 3 30 10 9.0%$110,667 Strategic Realty Services, LLC $2,775,000 1 18 18 -$154,167 BitRealty $2,570,000 2 13 7 9.0%$197,692 Anywhere $2,200,000 2 16 8 -$137,500 Champagne & Parisi Real Estate $1,975,000 1 10 10 6.2%$197,500 RE/MAX $1,975,000 1 10 10 6.2%$197,500 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 19 861 Appendix Boynton Beach Multi-Family OVERALL SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----447-$370,293 4.7% 2027 -----412-$341,516 4.9% 2026 -----380-$314,979 5.1% 2025 -----352-$291,700 5.3% 2024 -----337-$279,497 5.2% YTD $11.8M6 0.4%$186,548$1,958,750 3447.2%$284,971 5.1% 2023 $159.8M18 4.8%$343,692$11,415,493 3385.2%$280,117 5.0% 2022 $199M29 4.8%$312,376$8,651,470 3624.7%$299,759 4.5% 2021 $968.9M44 25.9%$304,127$26,915,218 3745.8%$309,833 4.1% 2020 $13.9M15 1.3%$89,461$1,155,543 2766.5%$228,931 4.9% 2019 $217.9M35 12.6%$180,049$7,780,689 2486.7%$205,557 5.2% 2018 $230.9M24 12.3%$157,938$10,995,488 2256.5%$186,081 5.5% 2017 $79M32 4.1%$206,686$3,588,818 2127.0%$176,100 5.5% 2016 $243.9M28 12.8%$180,397$11,086,226 2017.6%$166,638 5.6% 2015 $86.6M18 7.5%$112,858$5,770,800 1927.9%$159,094 5.6% 2014 $97.2M17 10.1%$91,529$6,075,250 1727.9%$142,776 5.8% 2013 $128.7M24 11.5%$118,721$6,434,679 1557.8%$128,226 6.2% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 4 & 5 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----467-$423,816 4.2% 2027 -----430-$390,346 4.4% 2026 -----396-$359,525 4.6% 2025 -----366-$332,538 4.8% 2024 -----351-$318,487 4.8% YTD -----358-$324,841 4.6% 2023 $138M2 6.5%$396,552$138,000,000 351-$318,692 4.6% 2022 $162M3 5.2%$379,274$53,983,333 3763.7%$341,661 4.1% 2021 $895.5M8 37.9%$328,995$127,932,143 3853.5%$350,035 3.8% 2020 -----290-$263,397 4.4% 2019 $190.1M4 19.1%$197,969$63,350,000 2614.5%$236,932 4.7% 2018 $206.4M5 19.1%$169,558$41,270,471 2384.7%$216,458 4.9% 2017 $60.4M1 3.4%$321,011$60,350,000 2254.6%$204,766 5.0% 2016 $133.4M2 11.6%$221,512$66,675,000 2135.3%$193,423 5.0% 2015 $35.5M1 4.4%$165,888$35,500,000 2014.8%$182,874 5.1% 2014 $32M1 8.4%$79,208$32,000,000 1796.5%$162,574 5.3% 2013 $117.1M3 20.2%$141,106$39,039,340 1604.8%$145,116 5.6% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 20 862 Appendix Boynton Beach Multi-Family 3 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----436-$353,876 4.6% 2027 -----402-$326,285 4.8% 2026 -----371-$300,881 5.1% 2025 -----344-$278,800 5.2% 2024 -----330-$267,558 5.2% YTD $2.3M1 0.3%$258,889$2,330,000 3376.4%$273,462 5.1% 2023 $1.2M1 0.2%$191,667$1,150,000 3324.8%$269,219 5.0% 2022 $11.6M6 1.9%$187,153$1,933,917 3494.2%$283,396 4.5% 2021 $24.3M6 5.1%$154,082$4,869,000 3686.6%$298,030 4.1% 2020 $4.3M3 1.3%$102,448$1,434,267 2605.4%$210,954 4.9% 2019 $10.4M10 3.0%$124,774$1,294,531 2336.7%$188,630 5.3% 2018 $5.8M4 0.9%$231,000$1,925,000 2045.8%$165,102 5.6% 2017 $2.3M2 0.8%$86,538$1,125,000 1937.0%$156,275 5.7% 2016 $99.9M4 18.5%$170,460$24,972,433 183-$148,058 5.8% 2015 $38M3 10.9%$109,827$12,666,667 1786.5%$144,660 5.7% 2014 $45.6M3 12.9%$111,280$15,208,333 1635.6%$132,044 5.9% 2013 $445K1 0.3%$55,625$445,000 14811.0%$119,909 6.2% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 1 & 2 STAR SALES Completed Transactions (1) Turnover Avg Price/UnitDealsVolumeYear Market Pricing Trends (2) Avg Price Price IndexAvg Cap Rate Price/Unit Cap Rate 2028 -----366-$216,020 6.3% 2027 -----341-$201,145 6.5% 2026 -----317-$187,225 6.7% 2025 -----296-$174,544 6.9% 2024 -----283-$167,084 6.9% YTD $9.4M5 2.1%$174,491$1,884,500 2877.6%$168,981 6.7% 2023 $20.7M15 5.2%$186,188$1,722,242 2845.2%$167,542 6.6% 2022 $25.4M20 7.5%$171,826$1,816,450 3125.1%$184,201 5.9% 2021 $49.1M30 14.2%$160,385$2,044,911 3285.8%$193,172 5.4% 2020 $9.6M12 5.4%$84,635$1,062,635 2386.8%$140,594 6.3% 2019 $17.5M21 7.4%$104,509$1,026,650 2146.9%$125,977 6.8% 2018 $18.8M15 9.4%$85,354$1,444,454 1968.3%$115,853 7.0% 2017 $16.4M29 9.6%$97,345$860,737 1867.5%$109,869 7.1% 2016 $10.7M22 8.4%$64,983$666,078 1788.0%$104,839 7.2% 2015 $13.1M14 8.9%$63,101$1,187,455 1729.0%$101,161 7.1% 2014 $19.6M13 9.9%$78,948$1,631,583 1578.3%$92,638 7.4% 2013 $11.1M20 11.5%$45,246$695,659 1438.7%$84,200 7.9% (1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. (2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred. 6/14/2024© 2024 CoStar Group - Licensed to Fishkind Litigation Services - 1278541 Page 21 863 ABRAMSON & ASSOCIATES, Inc. Real Estate and Public-Private Development Advisory Services 113 Chestnut Street / Newton, MA 02465 / tel: (617) 965-4545 / fax: (617) 965-5431 /www.abramsonassoc.com MEMORANDUM TO: Timothy Tack, P.E., Assistant Director Boynton Beach Community Redevelopment Agency FROM: Barry Abramson SUBJECT: Evaluation of a TIF Request for Town Square Residential/Mixed-Use Project (South and North Parcels) DATE: December 20, 2024 _______________________________________________________________________ EXECUTIVE SUMMARY This memorandum summarizes our evaluation of a Tax Increment Financing (TIF) request by Time Equities, Inc. for the above-referenced proposed project. The project is to occupy the blocks to the south and north of the City’s civic complex and is subject to a March, 2023 development agreement and parking lease between the developer and the City, specifying matters such as building program, timing, and arrangements for City parking. The project comprises two distinct projects to be built in two phases with a combined total of 898 rental apartments, 23,594 square feet of retail space and 2,039 garage parking spaces. 473 spaces are to be allocated to the City – 363 for the City’s exclusive use and 110 on a non-exclusive basis for the City’s use between 7:30 AM and 6:30 PM on weekdays. The proposal calls for the first phase project, to be built on the South parcel, to start construction no later than July 1, 2026 (versus May 1, 2030 in the current development agreement)1. This phase has an estimated total development cost of $236,000,000 (in $2024 2) and includes 465 apartments, 6,686 square feet of retail space and a 1,005-space garage, of which 224 spaces are allocated to the City – 171 exclusive and 53 non-exclusive. The second phase project, to be built on the North parcel, is proposed to start construction by July 1, 2032 (versus no required start date in the current development agreement). This phase, estimated to cost $235,000,000 (in $2024), is to include 433 apartments, 16,908 square feet of retail space and a 1,034-space garage, of which 249 spaces are to be allocated to the City – 192 exclusive and 57 non-exclusive. The developer requests a two-phase TIF award to fill the gap caused by currently challenging market conditions including increases in construction costs, operating expenses and particularly interest rates. The requested award is $20,000,000 for Phase 1 and $15,200,000 for Phase 2 in the form of 95% of the total tax increment revenue, i.e. 100% of the CRA 1 The required construction completion date in both the current agreement and developer’s proposal would be 24 months following the required construction start date 2 In today’s dollars if construction were to start at report date 864 2 share, generated by each project until the total amounts for each phase are reached, anticipated to be in approximately ten years for Phase 1 and seven years for Phase 2. The proposed awards would yield a leverage on private investment ($2024) of almost 12:1 and 16:1, respectively. Based upon our evaluation, we consider the developer’s assumptions, generally, to be in a range of reasonableness and that, in the current development market, the project has a feasibility gap that would justify the requested TIF awards, subject to the qualifications discussed below and more fully later in this transmittal. It is important to note that relatively small variations in assumptions and/or improvements in the development market over the time prior to construction financing could significantly reduce or, possibly, eliminate the need for subsidy. While this applies to Phase 1, which would be required to start construction within one and a half years, it is a particular concern relative to Phase 2, which, likely, would not start construction until significantly later. Accordingly, the CRA may wish to consider granting a TIF award only for Phase 1 and having the developer return for an evaluation of need at such time as the construction start and development economics of Phase 2 come into clearer focus, so as to lessen the chance of providing TIF funding not actually required for feasibility. Whether TIF is awarded for one or both phases, the CRA may wish to explore structuring opportunities that might result in reducing the TIF award should construction and/or other development costs ultimately come in lower than preliminary estimates or other development market conditions improve prior to construction start. CRA incremental revenues from the Phase 1 project after the proposed TIF rebate are estimated at approximately $2,400,000 in 2039 and to total $15,600,000 through the CRA sunset in 2044, with a present value at January, 2025 estimated at $7,900,000. The City is estimated to receive total incremental tax revenues from the Phase 1 project of $111,000,000 over 50 years of the property’s operation (i.e. through 2078). As these revenues would be primarily back-loaded, following the CRA sunset, their present value as of January, 2025 is estimated at only $1,900,000. Should the proposed TIF award be made for Phase 2, the financial effect to the CRA would vary based on its timing. If construction were to commence three years following that of Phase 1, so the two TIF rebates would end at the same time, the financial effect to the CRA and City would be approximately the same as that estimated for Phase 1. 865 3 PUBLIC BENEFITS In addition to TIF and tax revenue, the developer asserts the project would provide the following direct public benefits: • The value of the parking spaces to be allocated to the City o The developer attributes a value based on the cost the City would incur if it were to develop them of $12,300,000 in Phase 1 and $13,700,000 in Phase 2 o We adjust the capital value at $10,400,000 for Phase 1 and $11,600,000 for Phase 2 after accounting for the lower proportionate allocated usage of the non-exclusive spaces o The developer also claims parking revenues the City would realize from these spaces (which we estimate after operating expenses at $278,000 ($2024) for Phase 1 and somewhat more for Phase 2) as a benefit though consideration of net revenues would be a double counting with capital value o It is also noted that the developer is obligated to continue to provide surface parking for the City on the North parcel until the City parking in the Phase 1 project is available o See section on public parking starting on at page 13 • Payment to the Workforce Housing Fund of $2,250,000 per phase o While this is a required compensation for the project being allowed higher density, it certainly is a benefit provided by the project • Impact and other fees totaling $13,800,000 split approximately evenly between the two phases o This includes the required public art fee of $1,000,000 front-loaded in Phase 1 o More than half of this amount is attributable to the county o Relative to the remainder, the City is the best judge of the extent, if any, they would yield a net financial benefit rather than simply offsetting actual City costs attributable to the development • Streetscape improvements of $3,000,000 split between the two phases o The CRA and City are best positioned to determine the extent to which these improvements are standard or above and beyond the normal requirements and customary contributions of a project of this nature. • Settlement payment of $5,000,000 to City which was made by the previous owner from the proceeds of its sale of the land to TEI o While this pass-through payment benefited the City, it compensation that has already realized by the City, not conditioned on the project proceeding due to a TIF award 866 4 In addition to direct impacts, the project would generate indirect impacts in the form of employment and economic activity, i.e. spending in the local and regional economy during and post-construction. An economic and fiscal impact analysis performed on behalf of the developer by Fishkind Litigation Services estimates that the two-phase project would generate 426 full-time equivalent (FTE) jobs and $38,000,000 in economic activity during construction and 340 FTE jobs and $34,000,000 of spending annually following completion. However, the report does not provide an estimate of how much of this would be spent in Boynton Beach, which is the chief concern of the CRA and City. Finally, a major public benefit of the project will be completing the City and CRA’s vision for Town Square, creating an attractive and vibrant focal point for civic life. EVALUATION OF PROJECT NEED FOR THE TIF AND FINANCIAL EFFECT TO CRA AND CITY We evaluated the developer’s pro forma, researched and reviewed publicly available market data and insights, held conversations with the developer and its advisor(s), drew upon input from the Palm Beach County Property Appraiser’s office and knowledgeable market participants, and analyzed the project’s economics based upon the above and our experience. The developer estimates that in order to finance the Phase 1 project under current market conditions, it will need an annual TIF rebate of approximately $2,000,000 annually in order to achieve a “trended” return on cost of 6.5% and for this TIF rebate to continue for ten years (for a total of $20,000,000) through the term of an initial permanent financing, with the anticipation that revenues can rise above standard inflation estimate to offset the expiration of the TIF rebate at that time. A similar set of assumptions underlies the developer’s request for a $15,200,000 TIF award for the Phase 2 project, though the approximately $2,000,000 annual TIF rebate would be provided over approximately seven years. It is noted that the developer’s TIF award requests are significantly less than the amounts estimated to be required in a June, 2024 report by Fishkind Litigation Services – $34,000,000 for Phase 1 and $24,000,000 for Phase 2. The present evaluation is based on the analysis of updated pro forma information provided by the developer, as this is the basis for the developer’s TIF proposal and includes many assumptions that have been refined in the six months since the Fishkind analysis. Trended return on cost is the net operating income of the project (prior to debt) expressed in future/inflated dollars divided by the total development cost. Note, this is different from an “untrended” return on cost in which stabilized net operating income in today’s uninflated dollars is divided by the development cost. We consider untrended return on cost to be an appropriate metric to estimate feasibility/required gap. This is a common measure of development feasibility and 867 5 profitability. It has the advantages of: being simple, avoiding the vagaries of particular debt and equity financing arrangements (while, inherently, accounting for them in a generalized market-wide way); avoiding speculation about inflation; and being a parameter for which participants in the real estate market are able to provide general market norms (which, of course, should be considered in light of the particulars of the specific location and project). We consider a 6.0% untrended return on cost to be reasonable in the current development market, assuming escalation of operating cash flow at a reasonable constant inflation rate. This return on cost is higher than what would have been required at the peak of the market a couple of years ago. Required rates of return may decrease over time if and when interest rates for development financing decrease as a result of reductions in treasury bond interest rates, though there are various factors that might not necessarily result in this being a one:one relationship. We note that long term rates, which had been gradually declining over the past year, have recently edged up slightly. A slight variation in the required return on cost would have significant implications for the required subsidy amount, as would variations in development cost or elements of net operating income. Trended return on cost, used by the developer as a threshold for feasibility/financeability, adds the vagary of inflation, but is also a valid measure, understanding that it would need to be higher than the untrended return. Accordingly, our analysis estimates both trended and untrended return on cost – the former, as it is the threshold metric proposed by the developer, and the latter, as a check. Our evaluation of the developer’s Phase 1 assumptions revealed the following major points: • Estimated development costs of $507,000 per unit are higher than we have seen on recent projects, but this is, to a significant extent, due to cost premiums including the added cost of the large number of City parking spaces being provided, the high land price, and the Work Force Housing Contribution. • The relatively high construction cost is based on an estimate by an experienced construction company, though this warrants review upon more refined cost estimation and contracting. • Revenue estimates, based primarily on apartment rents at $3.25 per square foot in $2024, are within the range of reasonableness • Real estate tax estimates were prepared by a third party consultant specializing in this area and equate to a taxable assessed value of $317,000 per unit in $2024, which is reasonable relative to valuation of comparable properties • Operating expenses, prior to taxes and direct assessments, at $9,300 per unit and 23% of effective gross income are higher than what we’ve seen estimated for other projects, but have been estimated by an experienced third party property manager and are consistent with the operating experience of a similar property in the market 868 6 owned by the developer, reflecting the generally accepted understanding that expenses have been increasing at a challenging rate. • The assumed 3% annual inflation applied to revenues and expenses in the trended analysis is considered reasonable. Based on the above, we consider the developer’s assumptions, generally, to provide a reasonable basis for assessing the property’s financial performance, while noting that relatively small variations within the range of reasonableness of these elements of the pro forma can have a dramatic impact on the amount of subsidy required. We made various adjustments to the pro forma, the primary ones being: • We accepted the developer’s revised estimate of the number of parking spaces available for rental to tenants as second spaces at 231. • We added some parking revenue attributable to evening and weekend usage of the 53 non-exclusionary spaces the private owner would control at those times at an average of $3.00 per day. • We incorporated our preliminary estimate of the City’s operating expense payment ($150,000 in $2024) which was not included in the developer’s pro forma • We incorporated the 2024 millage rates • We excluded direct assessments from the amount subject to Tax Increment Financing, reducing the TIF amount Based on the above, our analysis of Phase 1, presented on the following page, indicates a trended return on cost of 5.73% without the TIF. With the addition of the TIF rebate, equaling an estimated $1,768,000 in 2029, the trended return on cost is 6.48%. close to the developer’s 6.5% target. The corresponding untrended return on cost at 4.94% without the TIF and 5.59% with the TIF, which is $1,525,000 in $2024. Note that the untrended return is significantly lower than the 6.0% we would normally consider to be the target threshold. The developer’s expectation that it can finance the project at this rate of return is assumed to be based upon the anticipation that revenues may rise in the near- and/or long-term above the average annual 3% increase assumed in the analysis, or, perhaps, finding efficiencies in construction or other development costs, operating expenses, or financing rates which could lift the return. Our TIF analysis, presented later in this transmittal, estimates CRA incremental revenues from the Phase 1 project after the proposed TIF rebate at $2,400,000 in 2039 and to total $15,600,000 through the CRA sunset in 2044, with a present value at January, 2025 estimated at approximately $7,900,000, based on a 4% discount rate. 869 7 The City is estimated to receive total incremental tax revenues from the Phase 1 project of $111,000,000 over 50 years of the property’s operation (i.e. through 2078). As these revenues would be primarily back-loaded, following the CRA sunset, their present value as of January, 2025 is estimated at only $1,900,000. A discount rate of 4.0% was applied to revenues during the initial period prior to CRA sunset and a 6.0% discount rate was applied to revenues in following years, given greater uncertainty re. market conditions and the property at that point no longer being positioned as a newer prime property in the marketplace. Financial Feasibility/Gap Analysis Untrended $2024 Trended $2029 Development Cost 3.0%annual inflation Acquisition Cost $22,000,000 $22,000,000 Total Hard Costs $153,000,000 $153,000,000 $60,873,244 $60,873,244 Total Development Cost $235,873,244 $235,873,244 Stabilized Operating Income Apartment Rental $17,478,474 $20,262,342 Parking (2nd Space) Rental & Nonexclusive Meter Rev $335,235 $388,629 Other Residential Income $1,709,630 $1,981,930 Gross Potential Residential Revenue $19,523,339 $22,632,901 Less Vacancy ($976,167)($1,131,645) Residential Effective Gross Income $18,547,172 $21,501,256 Retail Rent (after 5% vacancy)$222,310 $257,718 Effective Gross Income $18,769,482 $21,758,973 Operating Expenses Excluding Taxes & Direct Assessmts $4,335,080 $5,025,546 Direct Assessments $90,250 $104,625 RE Tax after 4% early payment discount $2,838,660 $3,290,785 Total Tax & Operating Expenses $7,263,990 $8,420,956 Less City Payment for Share Garage Operating Expenses ($150,000)($173,891) Total Tax & Operating Expenses $7,113,990 $8,247,065 Net Operating Income $11,655,491 $13,511,909 Required Subsidy Analysis Without Subsidy With Subsidy Without Subsidy With Subsidy Net Operating Income Before TIF Rebate $11,655,491 $11,655,491 $13,511,909 $13,511,909 Plus TIF Rebate $0 $1,525,415 $0 $1,768,374 Adjusted NOI with TIF $11,655,491 $13,180,906 $13,511,909 $15,280,283 Development Cost $235,873,244 $235,873,244 $235,873,244 $235,873,244 4.94%5.59%5.73%6.48% Soft & Other Costs (Incl Predev, Dev OH&Fee, Impact & Other Fees, Owner Hard Contingency, TI, Financing Costs, Lease-Up) The estimated development cost, operating income and tax and incremental TIF revenues of Phase 2 nearly mirror that of Phase 1, as would the nature and annual amount of the developer’s proposed annual TIF rebate. Accordingly, the annual financial need estimated for Phase 1 would also apply to Phase 2, assuming a continuation of current market conditions. The developer’s request for only seven years of TIF rebate for Phase 2 reflects its expectation that rents will have risen above standard inflation by the rebate period, which would likely be approximately the same time as or later than the end of Phase 1’s ten-year TIF period. 870 8 If construction were to start in three years following Phase 1’s construction start – say mid- 2029 (which is three years before Phase 2’s outside construction start date), the TIF would expire at approximately the same time as Phase 1, resulting in financial effects to the CRA and City of comparable amounts as generated by Phase 1. If TIF Not Awarded As the CRA considers this TIF request, an obvious question is what will happen if it is not granted to both phases or only granted to Phase 1. There is a possibility that, in the coming year and half prior to the Phase 1 outside construction start date, the private development market will recover its equilibrium based on some combination of financing rates coming down somewhat, construction costs stabilizing, and rents increasing to a level that supports new development, as has been the case in past boom and bust cycles in Southeast Florida, which have shown the resiliency of the market. In that event, there would be a reasonable chance that the developer could be able to make the project work without a TIF, enabling the CRA to realize all the incremental revenue over that period. Of course, this is a hypothetical. There is no guaranty when the development market will recover. Whether or not the present value of incremental revenues to the CRA and City would be significantly higher than if the developer can proceed with the project in the near term under the proposed agreement would be a function of the level of risk ascribed to the hypothetical in terms of a discount rate, which would be a subjective determination. Relative to Phase 2, the developer contends that securing the TIF award for this phase well in advance of its likely construction start would enhance its financing efforts and increase the chance of it starting Phase 2 earlier. As a practical matter, given the large number of units to be absorbed in Phase 1, it is highly questionable whether the developer would start Phase 2 construction before completion of Phase 1, i.e. before mid-2028. It would be exceedingly speculative to predict development market conditions that far in advance. The market may still be in need of TIF subsidy of some amount, which might or might not be the amount being proposed to be locked in now, but it also may have returned to equilibrium, not requiring TIF. POSSIBLE STRUCTURING CONCEPTS If the CRA decides to award a TIF at this time for Phase 2, it might consider significantly tightening the outside construction start date, perhaps to mid-2027, to provide a real spur to full development happening sooner than it might otherwise. This date would be doable with Phase 1 construction likely starting prior to the outside date and its garage being available for City parking in advance of interior construction of residential/commercial space to accommodate the shift of City parking from the North parcel. 871 9 If the CRA decides to grant a TIF to one or both phases, it may wish to explore options for structuring the award so the amount may be reduced in the event it proves not to be fully needed – at the time the construction contract and financing are secured, upon completion of construction, and/or during operations. Developers and financing sources, understandably, would prefer surety and simplicity – a guaranteed award without any adjustments. Still, with so much money at stake, development factors subject to verifiable refinement, and a development market that may show improvement over the near term, and considered more likely than not, over the next few years the developer proposes the TIF allow for it to start construction of Phase 2, there may be opportunities to adjust the TIF without unduly hamstringing the developer’s financing efforts, as has been accomplished in other public-private deals. It would be essential to make any adjustments subject to verifiable improvements in the project’s economics so that the developer and financing sources could be assured such adjustment would not impact targeted threshold rate of return. Especially given anticipated (albeit not guaranteed) improvements in development market factors, there may be some adjustments that might not take effect if construction starts in the near term – say the six – twelve months following TIF approval, but could kick in if the project does not start till later in the proposed allowed timeframes. A few concepts that could be explored with the developer are: • Reduce TIF award by amount (or percentage thereof) if actual construction cost (with agreed upon escalation adjustment) is less than currently estimated. This can be determined upon construction contracting and, again, at completion of construction. • Reduce TIF award by amount (or percentage thereof) if actual permit fees and other exactions are less than current estimates, which have not been verified at this time. • Adjust above for costs impacted by reduction in construction and permit costs. • Reduce TIF award by some negotiated factor relative to some verifiable measure of financing rates or treasury bond yields which would impact market required rate of return on cost. • Adjust TIF award on ongoing basis by means of a participation in excess return in cash flow and capital events. 872 Town Square Phase 1 - South Parcel Year of operation:1 2 3 4 5 6 7 8 PROPOSED TIF INCENTIVE CASH FLOW Calendar Year:2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Annual Escalation Rate:0.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0% Taxable Value Prior to Redevelopment Improvements - $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Land 11,425,000 $11,767,750 $12,120,783 $12,484,406 $12,858,938 $13,244,706 $13,642,047 $14,051,309 $14,472,848 $14,907,034 $15,354,245 Total $11,425,000 $11,767,750 $12,120,783 $12,484,406 $12,858,938 $13,244,706 $13,642,047 $14,051,309 $14,472,848 $14,907,034 $15,354,245 Ad Valorem Taxes Prior to Development Improvements - $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Land 220,011 $226,612 $233,410 $240,413 $247,625 $255,054 $262,705 $270,586 $278,704 $287,065 $295,677 Total 220,011 $226,612 $233,410 $240,413 $247,625 $255,054 $262,705 $270,586 $278,704 $287,065 $295,677 Estimated Assessed/Taxable Value of Completed Project $147,409,059 $151,831,330 $156,386,270 $161,077,858 $165,910,194 $170,887,500 $176,014,125 $181,294,549 $186,733,385 $192,335,387 $198,105,448 pre-construction pre-construction preconstrn/constrn construction constr/pre-stablztn % Valuation of Completed Stabilized Project (if 0%, Prior AV)0%0%0%0%0%100%100%100%100%100%100% Taxable Value of Project $11,425,000 $11,767,750 $12,120,783 $12,484,406 $12,858,938 $170,887,500 $176,014,125 $181,294,549 $186,733,385 $192,335,387 $198,105,448 Est RE Tax After Development $2,838,660 $2,923,820 $3,011,534 $3,101,880 $3,194,937 $3,290,785 $3,389,508 $3,491,193 $3,595,929 $3,703,807 $3,814,921 Project Incremental Value $0 $0 $0 $0 $0 $157,642,794 $162,372,078 $167,243,240 $172,260,537 $177,428,353 $182,751,204 City TIF Contribution @ Millage Rate =7.80 $0 $0 $0 $0 $0 $1,121,408 $1,155,050 $1,189,702 $1,225,393 $1,262,154 $1,300,019 County Contribution @ Millage Rate =4.50 $0 $0 $0 $0 $0 $646,966 $666,375 $686,366 $706,957 $728,166 $750,011 TIF Revenue Created by Project 12.30 $0 $0 $0 $0 $0 $1,768,374 $1,821,425 $1,876,068 $1,932,350 $1,990,320 $2,050,030 0.61 TIF Award @ Award Factor =100%$0 $0 $0 $0 $0 $1,768,374 $1,821,425 $1,876,068 $1,932,350 $1,990,320 $2,050,030 Cummulative of Above $0 $0 $0 $0 $1,768,374 $3,589,799 $5,465,867 $7,398,216 $9,388,537 $11,438,567 $0 $0 $0 $0 $1,768,374 $1,821,425 $1,876,068 $1,932,350 $1,990,320 $2,050,030 @ Award Factor % up to Total $ Amount 100%$20,000,000 $0 $0 $0 $0 $1,768,374 $1,821,425 $1,876,068 $1,932,350 $1,990,320 $2,050,030 NPV to TCO - 1/1/27 @ 4.0%$14,888,000 NPV to 1/1/25 @ 4.0%$13,764,000 Total Remaining with CRA $15,645,000 $0 $0 $0 $0 $0 $0 $0 $0 NPV to TCO - 1/1/27 @ 4.0%$8,531,000 NPV to 1/1/25 @ 4.0%$7,887,000 5% of City Operating Millage Retained by City *$1,782,000 $0 $0 $88,419 $91,071 $93,803 $96,617 $99,516 $102,501 NPV to TCO - 1/1/27 @ 4.0%$1,171,000 NPV to 1/1/25 @ 4.0%$1,083,000 City Tax After CRA Sunset @ City Millage *7.80 109,355,000 $0 $0 $0 $0 $0 $0 $0 $0 NPV to TCO - 1/1/27 @ 6.0%$966,000 NPV to 1/1/25 @ 6.0%$860,000 Total City Before & After CRA Sunset $111,137,000 NPV to TCO - 1/1/27 @ $2,137,000 NPV to 1/1/25 @ $1,943,000 * Not including City Operating Millage on base (pre-project) value Total Tax Millage 20.0594 Early payment discount 4% TIF Revenue = 95% of Project Increment x (City + County Millage) less 4% early payment discount Proposed Incentive Award = Award Factor x TIF Revenue created by Project 873 11 Town Square Phase 1 - South Parcel Year of operation:9 10 11 12 13 14 15 16 17 18 19 PROPOSED TIF INCENTIVE CASH FLOW Calendar Year:2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 Annual Escalation Rate:3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0%3.0% Taxable Value Prior to Redevelopment Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Land $15,814,872 $16,289,318 $16,777,998 $17,281,338 $17,799,778 $18,333,771 $18,883,784 $19,450,298 $20,033,807 $20,634,821 $21,253,865 Total $15,814,872 $16,289,318 $16,777,998 $17,281,338 $17,799,778 $18,333,771 $18,883,784 $19,450,298 $20,033,807 $20,634,821 $21,253,865 Ad Valorem Taxes Prior to Development Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Land $304,547 $313,684 $323,094 $332,787 $342,771 $353,054 $363,645 $374,555 $385,791 $397,365 $409,286 Total $304,547 $313,684 $323,094 $332,787 $342,771 $353,054 $363,645 $374,555 $385,791 $397,365 $409,286 Estimated Assessed/Taxable Value of Completed Project $204,048,612 $210,170,070 $216,475,172 $222,969,427 $229,658,510 $236,548,266 $243,644,714 $250,954,055 $258,482,677 $266,237,157 $274,224,272 % Valuation of Completed Stabilized Project (if 0%, Prior AV)100%100%100%100%100%100%100%100%100%100%100% Taxable Value of Project $204,048,612 $210,170,070 $216,475,172 $222,969,427 $229,658,510 $236,548,266 $243,644,714 $250,954,055 $258,482,677 $266,237,157 $274,224,272 Est RE Tax After Development $3,929,369 $4,047,250 $4,168,668 $4,293,728 $4,422,539 $4,555,216 $4,691,872 $4,832,628 $4,977,607 $5,126,935 $5,280,743 Project Incremental Value $188,233,740 $193,880,752 $199,697,175 $205,688,090 $211,858,733 $218,214,495 $224,760,929 $231,503,757 $238,448,870 $245,602,336 $252,970,406 $1 City TIF Contribution @ Millage Rate =7.80 $1,339,020 $1,379,190 $1,420,566 $1,463,183 $1,507,078 $1,552,291 $1,598,859 $1,646,825 $1,696,230 $1,747,117 $1,894,242 County Contribution @ Millage Rate =4.50 $772,511 $795,687 $819,557 $844,144 $869,468 $895,552 $922,419 $950,091 $978,594 $1,007,952 TIF Revenue Created by Project 12.30 $2,111,531 $2,174,877 $2,240,123 $2,307,327 $2,376,547 $2,447,843 $2,521,278 $2,596,917 $2,674,824 $2,755,069 $1,894,242 0.61 TIF Award @ Award Factor =100%$2,111,531 $2,174,877 $2,240,123 $2,307,327 $2,376,547 $2,447,843 $2,521,278 $2,596,917 $2,674,824 $2,755,069 $1,894,242 Cummulative of Above $13,550,097 $15,724,974 $17,965,097 $20,272,424 $22,648,970 $25,096,813 $27,618,091 $30,215,008 $32,889,832 $35,644,901 $37,539,143 $2,111,531 $2,174,877 $2,240,123 $2,307,327 $0 $0 $0 $0 $0 $0 $0 @ Award Factor % up to Total $ Amount 100%$20,000,000 $2,111,531 $2,174,877 $2,240,123 $2,034,903 $0 $0 $0 $0 $0 $0 $0 NPV to TCO - 1/1/27 @ 4.0%$14,888,000 0% NPV to 1/1/25 @ 4.0%$13,764,000 Total Remaining with CRA $15,645,000 $0 $0 $0 $272,424 $2,376,547 $2,447,843 $2,521,278 $2,596,917 $2,674,824 $2,755,069 NPV to TCO - 1/1/27 @ 4.0%$8,531,000 NPV to 1/1/25 @ 4.0%$7,887,000 5% of City Operating Millage Retained by City *$1,782,000 $105,577 $108,744 $112,006 $115,366 $118,827 $122,392 $126,064 $129,846 $133,741 $137,753 NPV to TCO - 1/1/27 @ 4.0%$1,171,000 NPV to 1/1/25 @ 4.0%$1,083,000 City Tax After CRA Sunset @ City Millage *7.80 109,355,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,894,242 NPV to TCO - 1/1/27 @ 6.0%$966,000 NPV to 1/1/25 @ 6.0%$860,000 Total City Before & After CRA Sunset $111,137,000 NPV to TCO - 1/1/27 @ $2,137,000 NPV to 1/1/25 @ $1,943,000 * Not including City Operating Millage on base (pre-project) value Total Tax Millage 20.0594 Early payment discount 4% TIF Revenue = 95% of Project Increment x (City + County Millage) less 4% early payment discount Proposed Incentive Award = Award Factor x TIF Revenue created by Project 874 12 PUBLIC PARKING The Phase 1 project is proposed to include 224 spaces to be allocated to the City – 171 for its exclusive use and 53 for the City’s use between 7:30 AM and 6:30 PM on weekdays. Note, the proposed number of non-exclusive use and total spaces are 12 less than specified in the lease, with that amount to be made up in the second phase, representing a proposed revision to the lease. The Phase 2 project is proposed to include 249 spaces allocated to the City – 192 on an exclusive basis and 57 for its use during the above-specified hours. Note, the non-exclusive and total proposed for Phase 1 are 12 less than the number specified in the lease, with that amount to be made up in the second phase, representing a proposed revision to the lease. The developer attributes a value to the CRA for the public spaces based on capital cost (including land, hard and soft costs) if the CRA or City were to develop a garage of $55,000 per space and applies this to the total number of exclusive and non-exclusive use City spaces for a total of $26,000,000 – $12,300,000 for the Phase 1 project and $13,700,000 for Phase 2. The above and following estimates in this section are expressed in $2024. Adjusting the attributed value of the non-exclusive spaces using the ratio (33%) specified in the lease for calculating the City’s operating expenses (see following paragraph), yields an attributed value of $10,400,000 for the Phase 1 project and $11,600,000for Phase 2 for a total of $22,000,000. As specified in the lease, the private project owner will retain ownership and responsibility for managing, operating and maintaining the spaces. The City shall be entitled to all revenue from the spaces under its control and pay a proportionate share of garage operating expenses. For purposes of the latter, the number of City spaces is defined as 100% of the exclusive spaces plus 33% of the non-exclusive spaces (33% based on the number of hours per week of City control divided by total hours per week). Operating expenses attributable to the garage are defined as including real estate taxes. The developer proposes an allocation of proportionate garage operating expenses for Phase 1 of $216,000 ($335,000 less proportionate share of the TIF rebate) and $219,000 ($343,000 less proportionate share of TIF rebate) for Phase 2. The determination of the percentage of the project’s operating costs attributable to the garage should be the subject of a detailed analysis, but, generally, the developer’s proposed allocation of operating expenses other than insurance and property taxes pass a preliminary test of reasonableness. However, the developer’s basing the allocation of the total property’s insurance and taxes attributable to the garage on its proportionate share of the overall project gross square footage (37% in Phase 1) is not considered to be reasonable. These expenses are based on factors including replacement cost and value and, clearly, a square foot of finished residential/commercial space would have a considerably higher replacement cost and value than a square foot of garage. 875 13 Prior to more detailed analysis, we consider a reasonable basis (at least a starting point) for allocating these costs would be the hard cost attributable to each of these components. The developer has suggested garage hard cost might be in the range of $25,000 - $30,000 per space. Applying the high end of this range to the effective number of City spaces and dividing this by the developer’s estimated total hard cost for the project yields a percentage of 19.7% for Phase 1. Real estate tax and TIF rebate are also adjusted based on our estimates. These adjustments result an operating cost allocation to the City for Phase 1 of $150,000 ($206,000 less proportionate share of the TIF rebate). The developer’s and adjusted estimates for Phase 1 are presented on the following page. The operating expense payment for Phase 2 would be a similar amount. A conversation with the County property appraiser did not provide clear direction as to whether or not taxable value would be assessed against the City spaces. This is a matter that likely may not be determined until after the appraiser gives the valuation of this property serious consideration upon its completion. If taxable value is not attributed to the City spaces, the above ratios and the tax portion would be less than presented above – at least to the extent that the relative share of the project’s taxes attributable to the garage would be lower. If the CRA decides to grant the TIF it would be an opportunity to amend the lease to eliminate real estate taxes from the calculation of the City’s pro rata share of garage operating costs in the event that it can be established that the County property appraiser is not considering the City spaces in its calculation of assessed taxable value. Parking revenue generated by the City spaces would offset at least some and possibly all of the pro rata operating cost obligation, potentially yielding significant net revenues. The developer has provided illustrative estimates of parking revenue that the City might realize assuming $2,500 per space per year applied only to the exclusive use spaces, which would yield annual revenues of $428,000 in Phase 1 and $480,000 in Phase 2. If this level of revenue were to be realized, and assuming the above-estimated adjusted operating expense payment, the City spaces would generate an annual net revenue after expense payment of $278,000in Phase 1 and somewhat more in Phase 2. A qualified parking consultant could estimate demand and parking revenues 876 14 City Garage OpEx Payment Phase 1 $2024 DEVELOPER ESTIMATE City Spaces Total Effective Exclusive Spaces 171 171 Non-Exclusive Spaces 33%53 17 Total 224 188 Share of total 1005 18.76%City $ /City $ / Total Effective Total Op Ex Garage %Garage $City%City $City Space City Space Marketing 178,000 0%- 18.8%- - - Salaries/Benefits 965,000 10%96,500 18.8%18,099 81 96 Utilities 610,000 20%122,000 18.8%22,881 102 121 Maintenance Contracts/Grounds 375,000 10%37,500 18.8%7,033 31 37 Repairs & Maintenance 210,000 10%21,000 18.8%3,939 18 21 Turnover/Leasing Costs 97,650 0%- 18.8%- - - Conceirge/Security 95,000 5%4,750 18.8%891 4 5 Administrative Expenses 405,000 5%20,250 18.8%3,798 17 20 Management Fee 406,071 10%40,607 18.8%7,616 34 40 Property Insurance 1,023,000 37.1%379,773 18.8%71,227 318 378 Total before RE Taxes 4,364,721 16.6%722,380 18.8%135,484 605 719 RE Taxes 2,859,750 37.1%1,061,638 18.8%199,113 889 1,056 Total before TIF Rebate 7,224,471 24.7%1,784,018 18.8%334,597 1,494 1,775 TIF Rebate 60%(1,715,850) 37.0%(634,865) 18.8%(119,070) (532) (632) Total Operating Expenses 5,508,621 20.9%1,149,153 18.8%215,526 962 1,143 City Garage OpEx Payment Phase 1 $2024 ADJUSTED ESTIMATE City Spaces Total Effective Exclusive Spaces 171 171 Non-Exclusive Spaces 33%53 17 Total 224 188 Share of total 1005 18.76%City $ /City $ / Total Effective Total Op Ex Garage %Garage $City%City $City Space City Space Marketing 178,000 0%- 18.8%- - - Salaries/Benefits 965,000 10%96,500 18.8%18,099 81 96 Utilities 610,000 20%122,000 18.8%22,881 102 121 Maintenance Contracts/Grounds 375,000 10%37,500 18.8%7,033 31 37 Repairs & Maintenance 210,000 10%21,000 18.8%3,939 18 21 Turnover/Leasing Costs 97,650 0%- 18.8%- - - Conceirge/Security 95,000 5%4,750 18.8%891 4 5 Administrative Expenses 405,000 5%20,250 18.8%3,798 17 20 Management Fee 376,430 10%37,643 18.8%7,060 32 37 Property Insurance*1,023,000 19.7%201,591 18.8%37,809 169 201 Total before RE Taxes 4,335,080 12.5%541,234 18.8%101,510 453 539 RE Taxes*2,838,660 19.7%559,383 18.8%104,914 468 557 Total before TIF Rebate 7,173,740 15.3%1,100,617 18.8%206,423 922 1,095 TIF Rebate*(1,525,415) 19.7%(300,596) 18.8%(56,378) (252) (299) Total Operating Expenses 5,648,325 14.2%800,021 18.8%150,046 670 796 * % Allocation of Project Insurance, RE Tax and TIF Rebate to Garage based on Garage hard cost @ $30,000 per space =$30,150,000 19.7% divided by total project hard cost $153,000,000 877 15 ASSUMPTIONS AND LIMITING CONDITIONS • Information provided by others for use in this analysis is believed to be reliable, but in no sense is guaranteed. All information concerning physical, market or cost data is from sources deemed reliable. No warranty or representation is made regarding the accuracy thereof, and is subject to errors, omissions, changes in price, rental, or other conditions. • The Consultant assumes no responsibility for legal matters nor for any hidden or unapparent conditions of the property, subsoils, structure or other matters which would materially affect the marketability, developability or value property. • The analysis assumes a continuation of current economic and real estate market conditions, without any substantial improvement or degradation of such economic or market conditions except as otherwise noted in the report. • Any forecasts of the effective demand for space are based upon the best available data concerning the market, but are projected under conditions of uncertainty. • Since any projected mathematical models are based on estimates and assumptions, which are inherently subject to uncertainty and variation depending upon evolving events, The Consultant does not represent them as results that will actually be achieved. • The report and analyses contained therein should not be regarded as constituting an appraisal or estimate of market value. • The analysis was undertaken to assist the client in evaluating and strategizing the potential transaction discussed in the report. It is not based on any other use, nor should it be applied for any other purpose. • Possession of this report or any copy or portion thereof does not carry with it the right of publication nor may the same be used for any other purpose by anyone without the previous written consent of the Consultant and, in any event, only in its entirety. • The Consultant shall not be responsible for any unauthorized excerpting or reference to this report. • The Consultant shall not be required to give testimony or to attend any governmental hearing regarding the subject matter of this report without agreement as to additional compensation and without sufficient notice to allow adequate preparation. 878 879 880 TERM SHEET: Time Equities Overall Project: 1. 898 residential, market rate, rental units; 2. 23,500 square feet of retail space; and 3. Two Parking Garages (1,000+ parking spaces in each garage) a. 473 public parking spaces within the garages. 4. Payment to the City of Boynton Beach Workforce Housing Fund in the approximate amount of $2,250,000.00 per Phase 5. To be developed in 2 phases: a. The South Parcel will be developed as Phase I (see Attachment IV) b. The North Parcel will be developed as Phase II (see Attachment V). TIF Request: 6. 95% tax increment revenue generated by project (100% of CRA share) 7. Up to a maximum of $35.2 Million 8. Divided into two phases: a. Phase I (South Parcel located at 120 SE 1st Avenue): $20.0 Million b. Phase II (North Parcel located at 100 E. Boynton Beach Boulevard): $15.2 Million Construction Commencement: 9. The Development Agreement with the City currently requires TEI to commence construction of the first phase in 2028, which may be extended to May 2030, in order to develop under the conditions in the Development Agreement. 10. Accelerate Phase I (South Parcel) Commencement of Construction must occur no later than September 1, 2026. 11. Phase II (North Parcel) Commencement of Construction must occur by July 1, 2032. Groundbreaking and Ribbon-Cutting Ceremonies: 12. TEI will host ceremonies upon commencement of construction and upon receipt of Certificate of Occupancy Local Jobs: 13. TEI will make good faith efforts to hire job placement consultant and host a job fair. Annual Performance Reports: 14. TEI to provide annual performance reports. Updated Fiscal Analysis Prior to Phase II: 15. Updated fiscal analysis prior to release of pledged project increment revenue for Phase II. 16. CRA selects analyst. 17. Same methodology is used. 18. Developer bears expenses. 19. If fiscal gap is the same or bigger, project funds may be released. 20. If fiscal gap is smaller, the amount of award is reduced accordingly. Board Questions: 1. Should this be considered two separate agreements, or one combined agreement? a. Impact on TIF Payments b. Impact on Enforcement 2. Board Direction on Terms Above 881 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 NEW BUSINESS AGENDA ITEM 15.A SUBJECT: Discussion and Consideration of the Purchase of 135 NE 3rd Avenue SUMMARY: 135 NE 3rd Avenue is a vacant parcel of land adjacent to a CRA owned lot on NE 1st Street. The parcel is located within the Heart of Boynton District and located to the south of the Cottage District (see Attachments I & II). It is approximately 14,374.80 square feet (0.33 acres) and zoned R2-R2 Duplex, 10 DU/AC. The future land use would be high density residential with a development potential of 15 units per acre with a maximum height of 45'. The property was appraised on March 4, 2025 (see Attachment III). Based on comparable sales in the Heart of Boynton, the property appraised at $500,000.00. The property is listed for $375,000.00 (see Attachment IV). A comparable worksheet, with key property information, has been provided as Attachment V. The comparisons include this property, past property offers and current CRA owned properties within HOB. This item is being brought before the Board for discussion on the potential purchase of the vacant lot. Due diligence would be performed as part of the purchasing process. FISCAL IMPACT: Purchase Price to be determined by the Board. FY 2024-2025 Budget, Project Fund, Line Item 02-58200-401 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District CRA BOARD OPTIONS: 1. Approve the purchase of 135 NE 3rd Avenue in an amount to be determined by the CRA Board and CRA Staff will bring a Purchase and Sale Agreement back to the Board for approval and execution. 2. Do not approve the purchase of 135 NE 3rd Avenue. 3. Provide alternative direction based on CRA Board discussion. 882 •Attachment I - 135 NE 3rd - Location Map •Attachment II - Heart of Boynton District •Attachment III - Appraisal - 135 NE 3rd Avenue, Boynton Beach, FL 33435 •Attachment IV - Listing-135 NE 3rd Avenue •Attachment V - HOB Comparables-March 2025 ATTACHMENTS: Description 883 884 105 Heart of Boynton District Introduction Planning Challenges Planning Considerations The Vision Recommendations 885 106D.District PlansIntroduction The Heart of Boynton District is a 380-acre neighborhood developed predominantly with single-family homes. The neighborhood has several parks, two public schools and numerous churches. Unfortunately, it has been the victim of disinvestment over the last 50 years. The two Census blocks of Tract 61 which encompasses this District have the median household income of $20,848, the lowest in the City. To counter the decline of the neighborhood, in 2001 the CRA and City adopted the Heart of Boynton Community Redevelopment Plan. The Plan was updated in 2014 to reflect the achievements of the original plan and add new projects to reflect the current market conditions. A number of recommendations of the original CRA Plan have been implemented, including: • The demolition of the Cherry Hill public housing project • The redevelopment of the Boynton Terrace site – Ocean Breeze West – into 21 single- family homes • Redevelopment of Wilson Park and into Carolyn Sims Community Center • Expansion of the Palmetto Greens Park • Redevelopment of Sara Sims Park – Master Plan created, property acquired • Streetscape Improvements on Seacrest Boulevard • Redevelopment of Martin Luther King, Jr. Boulevard – Property acquired and Family Dollar developed • Development of new housing – 60 new single family homes developed In partnership with nonprofits, the City and CRA. The Heart of Boynton District is bounded by the C. Stanley Weaver (C-Canal) canal to the north, I-95 to the west, N.E. 3rd Avenue to the south and the FEC rail line to the east. The area is within walking distance of the Cultural and Downtown Districts. A major arterial road—Seacrest Boulevard—runs through the neighborhood north/south. Martin Luther King, Jr. Boulevard, once lined with locally-owned businesses, runs east/west. There are two public elementary schools in the neighborhood, Poinciana and Galaxy. Both schools are STEM schools (Science, Technology, Engineering and Math). There are a number of parks and special use areas within the neighborhood, such as, Carolyn Sims Community Center, Galaxy Park and Scrub and Sara Sims Park. 886 107 Boynton Beach Blvd.FEC RailroadSeacrest Blvd.MLK, Jr. Blvd. NE 3rd Ave. NNW 3rd St.NW 6th Ave. NE 11th Ave.NE 3rd St.NE 9th Ave. Figure 57: Heart of Boynton District Location Map 887 108D.District PlansFigure 58: Example of District Planning Challenges Planning Challenges The Heart of Boynton area suffers from an aging and poorly maintained housing stock. The CRA and City, in partnership with local non-profits, continue to develop single-family homes, but there is a need for quality affordable multi-family rental housing. The problem is that—given low median household incomes—it cost more to build even modest apartments than many of the families can afford. This gap will has to be filled through some form of a subsidy. Another major deterrent to private investment is the visible blight and crime. There are still a number of small convenience stores that allow loitering and illegal activities for all to see, discouraging people to buy homes or invest in businesses within the area. The District is comprised of small parcels platted in the 1920’s – 1930’s, during Florida’s land boom. The parcels are owned by many different people making assembly of a developable site very difficult and expensive. Moreover, many owners have an unrealistic sense of the value of their property. Over the years, the neighborhood has lost most of their retailers and service providers. There is no full service grocery store and only one take- out restaurant. The majority of commercial use is represented by convenience stores. A new Family Dollar store at the corner of Martin Luther King, Jr. Boulevard and Seacrest Boulevard has been a welcome addition, but there is a need for more retail services. The neighborhood is bifurcated by a four- lane Seacrest Boulevard, which has only one signalized pedestrian crossing even though there are two elementary schools in the neighborhood. The width of the road and drive aisles encourage speeding through the neighborhood; clearly, the road is not presently designed at a neighborhood scale. Both Seacrest Boulevard and Martin Luther King, Jr. Boulevard have older, ill-maintained power poles with overhead utilities, causing a “visual blight.” 888 109 Planning Considerations Several factors were considered in determining the land use designations for the Heart of Boynton District. A future commuter rail station for the planned Tri- Rail Coastal Link service, which will serve the South Florida metropolitan region, is planned for downtown at N.E. 4th between Ocean Avenue and Boynton Beach Boulevard. To improve land development patterns in advance of station development, the City adopted a Downtown Transit Oriented Development District (DTOD), covering a ½ mile radius around the station’s location, including a portion of the Heart of Boynton. The DTOD district regulations support increased intensity of development through a 25% density bonus. A second consideration is the Transportation Concurrency Exception Area (TCEA) which, in addition to the residential exception area applicable east of I-95, exempts all development from the Palm Beach County traffic concurrency requirements thus allowing denser development. The Plan recommends increasing density within the area where the TCEA and TOD designations overlap. However, because this District is a low- scale neighborhood, no increase in height over 45’ is recommended. Historic District. There are a significant number of historic cottages located along both sides of NE 3rd Avenue and the south side of NE 4th Avenue between N. Seacrest Boulevard and NE 1st Street. In order to protect these cottages while allowing commercial redevelopment of the south side of NE 3rd Avenue, the Plan recommends that: • The historic cottages from the south side of NE 3rd Avenue be relocated to the vacant lots on the north side of NE 3rd Avenue. • On completion of the relocations, a historic district, tentatively called Shepard Funk Addition Historic Cottage District, be created within the block enclosed by N. Seacrest Boulevard, NE 1st Street, NE 3rd Avenue, and NE 4th Avenue. Figure 59: Historically significant cottages in the HOB 889 110D.District PlansVision The Heart of Boynton area will become 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. Recommendations: Streetscape Streetscape enhancements are recommended for the Seacrest Blvd and Martin Luther King Jr. Blvd. The space for these enhancements may be obtained through either right-of-way dedications or public easements. The enhancements should include: • Implement a Complete Streets program for Seacrest Boulevard and ML K Jr. Boulevard to accommodate bike lanes and bike racks, widening of sidewalks, decorative street lights, street furniture, and on-street parking. • Marking of major intersections with materials such as pavers, paint, etc. • Enhanced median landscaping • Bus shelters (will be required as part of new construction) • Additional signalized pedestrian crossings (including mid-block) along Seacrest BoulevardAddition of canopy street trees • Creation of a Pedestrian Zone adjacent to the right-of-ways that is inviting, safe and includes: • Minimum 8’ wide clear sidewalk • Decorative light poles at both the vehicular and pedestrian scales • Require installation of canopy trees that provide immediate shading at time of construction • Undergrounding of overhead utilities • Creation of a greenway to connect the greenway proposed along NW 1st Avenue, Sara Sims Park, and Wilson Park per the Connectivity Plan • Creation of an eco-trail to connect the existing scrub and linear parks per the Connectivity Plan 890 111 Figure 60: Seacrest Blvd Streetscape Area Figure 61: MLK JR. Blvd. Streetscape Area Figure 62: MLK JR. Blvd. Street Section 891 112D.District PlansRecommendations: Land Use The existing land use designations within the Heart of Boynton District are: • Low Density Residential – 5 units per acre (all of this land use designation is concentrated on the west side of Seacrest Boulevard. • Medium Density Residential – 10 units per acre (this land use designation is concentrated on the east side of Seacrest Boulevard) • High Density Residential – 11 units per acre (currently over the Ocean Breeze West development and along W. Seacrest from N.W. 8th to N.W. 9th) • Mixed-Use – 40 units per acre (this land use designation is placed on the CRA-owned Ocean Breeze East block and on CRA-owned property along MLK, Jr. Boulevard) • Local Retail Commercial, General Commercial, Industrial, Recreational, and Public & Private Governmental/Institutional Below is a table of the proposed land use and zoning designations that will apply within the Federal Highway Corridor District: Table 7: Recommended Future Land Use (FLU) Classifications within the Heart of Boynton District *Properties located within the TOD may recieve a 25% density bonus * 892 113 Boynton Beach Blvd.Seacrest Blvd.MLK Jr. Blvd.NW 3rd St.NE 3rd St.NW 6th Ave. NE 9th Ave. N LDR MUM MUL MDR HDR GC I R PBG/I Figure 63: Recommended Land Use for the Heart of Boynton District 893 114D.District PlansRecommendations: Urban Design • There are three architectural styles of historic structures in the Heart of Boynton: Mission, Frame Vernacular, and Mediterranean Revival. When building in this District, new development shall attempt to utilize one of these architectural styles. • A Historic Cottage District should be considered adjacent to the proposed Cottage District; where feasible, historically contributing cottages in the area shall be relocated in the Historic Cottage District. • Commercial buildings fronting MLK Jr., Boulevard and/or Seacrest Boulevard shall maximize the amount of glazing. • Residential buildings fronting MLK Jr., Boulevard and/or Seacrest Boulevard shall be designed to have pedestrian access from the main road and have front door facing the main road. • All buildings along MLK Jr., Boulevard and/or Seacrest Boulevard shall be set back to allow for a pedestrian zone. • Approximately 75% of the lot frontage must be occupied by structure and be adjacent to the pedestrian zone. • Buildings fronting MLK Jr., Boulevard shall be a maximum of two story and stepped back to continue to the maximum allowed height in the designated Zoning District. • Parking shall be located to the rear or side of the buildings • Curb cuts shall be permitted on Boynton Beach Blvd only when access is not possible from the rear or side. • When adjacent to commercial uses, single-family areas shall be protected through the use of landscape buffers and/or walls as appropriate. Figure 64: Heart of Boynton Projects 894 115 Sara Sims Park Expansion Working with residents of the community, the CRA and its consultant created a master plan for the expansion and improvement of Sara Sims Park. The CRA has also purchased seven properties and deeded them to the City in preparation for the eventual expansion of the park. Staff will review the feasibility of converting a portion of Sara Sims Park Master Plan, along the western boundary, from Recreational Land Use to Single Family. This process shall include a public meeting, the Parks and Recreation Board review and recommendation, and CIty Commision approval. Ocean Breeze East The CRA owns 4.5 acres of vacant land east of Seacrest Boulevard between N.E. 6th and 7th Avenues. The CRA is seeking a private development partner to build a multi-family project on the site. Cottage District The CRA owns approximately 5 acres on the block between N.E. 4th and 5th Avenue. The CRA’s goal for this site is to attract a private development partner to build single-family for-sale homes in the style of the surrounding historic cottages. MLK Commercial Leveraging CRA-owned land and economic development grants, the CRA was able to bring a Family Dollar store to the Martin Luther King, Jr. Boulevard corridor in 2015. The CRA owns additional land on the corridor and continues to work with developers to attract new and needed neighborhood retail. MLK Multi Family Utilizing CRA-owned land, the CRA is seeking to attract a private development partner to build a multi- family development along the Martin Luther King, Jr. Boulevard corridor. The development may include commercial uses. Figure 65: Sara Sims Expansion Figure 66: Ocean Breeze East Figure 67: Cottage District 895 116D.District PlansFigure 68: Example of a Commercial Project on MLK Jr. Blvd. 896 117 Figure 69: Example of Multi Family Project on MLK Jr. Blvd. 897 APPRAISAL OF REAL PROPERTY 135 NE 3rd Ave Boynton Beach, FL 33435 SHEPARD-FUNK ADD LTS 21 & 22 BLK 2 Boynton Beach CRA 710 North Federal Highway, Boynton Beach, FL 33435 Boynton Beach, FL 33435 Attention Theresa Utterback, Development Services Specialists $500,000 March 4, 2025 Ronald J. Saar Anderson & Carr, Inc. 2801 Exchange Court West Palm Beach, FL 33409 (561) 833-1661 rsaar@andersoncarr.com Form GA2V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE LOCATED AT FOR OPINION OF VALUE AS OF BY 898 Anderson & Carr, Inc. 2250110.000 N/A 0061.00 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 SHEPARD-FUNK ADD LTS 21 & 22 BLK 2 N/A N/A N/A 0 Boynton Beach CRA 710 North Federal Highway, Boynton Beach, FL 33435 Vacant Ronald J. Saar Estimate market value in fee simple 75 5 5 5 10 vacant development 225,000 650,000 350,000 0 90 60 The subject property is located in the corridor east of Interstate 95, west of Federal Highway, south of Dr. Martin Luther King Jr. Blvd.,and north of Woolbright Road. This area is comprised primarily of single family dwellings and multfamily dwellings interspersed with commercial properties along the major east-west and north-south thoroughfares. The subject area is close to all amenities and facilities found in Palm Beach County. 14,375 square feet as per PAPA 14,375 sf .33 acre R2-Duplex, 10 DU/Acre (08-Boynton Beach) Development to Residential or Commercial use. Paved Nearly Level at road grade Typical Rectangular Residential Appears adequate The subject property is in its original mostly cleared state. Utility connections to the grid are readily available for the area. No adverse easements or encroachments were noted at the time of inspection. 135 NE 3rd Ave Boynton Beach, FL 33435 N/A Price/PSF N/A Inspection 3/4/2025 N/A Boynton Beach Residential Site Size 14,375 sf .33 acre Improvements Cleared lot Book/Page N/A Improvements None N/A 137 NE 3rd Ave Boynton Beach, FL 33435 0.01 miles E $40.51 $300,000 MLS RX-10919179 DOM 96 Jan 2024 Boynton Beach Residential 6,970 sf/ .17 Acre +4.05 Cleared lot 34882/1332 Garage -4.05 N/A 0 40.51 527 NW 11th Ave Boynton Beach, FL 33435 0.71 miles NW $21.04 $165,000 MLS # FX-10413557 DOM 64 March 2024 Boynton Beach (-)+5.26 Residential 7,841 sf/.16 Acre +2.1 Cleared lot 34923/1773 None N/A 7.36 28.4 507 NW 12th Ave Boynton Beach, FL 33435 0.71 miles NW $21.61 $226,000 MLS # RX-10975811 DOM 8 July 2024 Boynton Beach (-)+5.4 Residential 10,454 sf/ .24 Acre +2.16 Uncleared lot +2.16 35172/0629 None N/A 9.72 31.33 See Comparable 4-6 page for comments. See Comparables 4-6 page for comments. The Sales Comparison Approach was given the only weight in reaching the final opinion of value contained in this report as it best reflects the interaction of buyers and sellers in the open marketplace. I have not performed any services regarding the subject property within the 3 years prior to this assignment and I have no current or prospective interest in the subject property or the parties involved. March 4, 2025 $500,000 Ronald J. Saar March 6, 2025 Cert Gen RZ4225 FL 11/30/2026 March 4, 2025 Form LAND - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE LAND APPRAISAL REPORT File No.SUBJECTBorrower Census Tract Map Reference Property Address City County State Zip Code Legal Description Sale Price $Date of Sale Loan Term yrs.Property Rights Appraised Fee Leasehold De Minimis PUD Actual Real Estate Taxes $(yr)Loan charges to be paid by seller $Other sales concessions Lender/Client Address Occupant Appraiser Instructions to Appraiser NEIGHBORHOODLocation Urban Suburban Rural Built Up Over 75%25% to 75%Under 25% Growth Rate Fully Dev.Rapid Steady Slow Property Values Increasing Stable Declining Demand/Supply Shortage In Balance Oversupply Marketing Time Under 3 Mos.4-6 Mos.Over 6 Mos. Present Land Use % One-Unit % 2-4 Unit % Apts.% Condo % Commercial % Industrial % Vacant % Change in Present Land Use Not Likely Likely (*)Taking Place (*) (*) From To Predominant Occupancy Owner Tenant % Vacant One-Unit Price Range $to $Predominant Value $ One-Unit Age Range yrs. to yrs.Predominant Age yrs. Good Avg. Fair Poor Employment Stability Convenience to Employment Convenience to Shopping Convenience to Schools Adequacy of Public Transportation Recreational Facilities Adequacy of Utilities Property Compatibility Protection from Detrimental Conditions Police and Fire Protection General Appearance of Properties Appeal to Market Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise)SITEDimensions =Corner Lot Zoning Classification Present Improvements Do Do Not Conform to Zoning Regulations Highest and Best Use Present Use Other (specify) Public Other (Describe) Elec. Gas Water San. Sewer Underground Elect. & Tel. OFF SITE IMPROVEMENTS Street Access Public Private Surface Maintenance Public Private Storm Sewer Curb/Gutter Sidewalk Street Lights Topo Size Shape View Drainage Is the property located in a FEMA Special Flood Hazard Area?Yes No Comments (favorable or unfavorable including any apparent adverse easements, encroachments, or other adverse conditions)MARKET DATA ANALYSISThe undersigned has recited the following recent sales of properties most similar and proximate to subject and has considered these in the market analysis.The description includes a dollar adjustment reflecting market reaction to those items of significant variation between the subject and comparable properties.If a significant item in the comparable property is superior to or more favorable than the subject property, a minus (–)adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is inferior to or less favorable than the subject property, a plus (+)adjustment is made thus increasing the indicated value of the subject. ITEM SUBJECT PROPERTY COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Address Proximity to Subject Sales Price $$$$ Price $$$$ Data Source(s) ITEM DESCRIPTION DESCRIPTION +( )$ Adjust.–DESCRIPTION +( )$ Adjust.–DESCRIPTION +( )$ Adjust.– Date of Sale/Time Adj. Location Site/View Sales or Financing Concessions Net Adj. (Total)+ –$+ –$+ –$ Indicated Value of Subject $$$ Comments on Market Data RECONCILIATIONComments and Conditions of Appraisal Final Reconciliation I (WE) ESTIMATE THE MARKET VALUE,AS DEFINED,OF THE SUBJECT PROPERTY AS OF TO BE $ Appraiser Date of Signature and Report Title State Certification #ST Or State License #ST Expiration Date of State Certification or License Date of Inspection (if applicable) Supervisory Appraiser (if applicable) Date of Signature Title State Certification #ST Or State License #ST Expiration Date of State Certification or License Did Did Not Inspect Property Date of Inspection 08/11 899 2250110.000 135 NE 3rd Ave Boynton Beach, FL 33435 N/A Price/PSF N/A Inspection 3/4/2025 N/A Boynton Beach Residential Site Size 14,375 sf .33 acre Improvements Cleared lot Book/Page N/A Improvements None N/A 524 NW 3rd St Boynton Beach, FL 33435 0.35 miles W $23.45 $195,000 MLS # AX-11417904 July 2024 Boynton Beach(-)+5.86 Residential 8,276 sf/ .19 Acre +2.35 Cleared Lot 35194/1179 None N/A 8.21 31.66 The four comparables selected are the best indicators of value having sold in the last 24 months. We adjusted for land size and clear vs unclear lots which require preparation for development. Comparable # 1 is improved with 1980 vintage garage which is not contributory to the value of the lot. An adjustment for clearing was given. Comparable # 3 received an upward adjustment for tree clearing. Each received a 10% adjustment for their respective conditions. All four sales received size adjustments of $10% for land differential. Comparables 2, 3 and 4 were given upward adjustments of 25% for locational differential. Our analysis indicates that land east of South Seacrest Boulevard sells at a higher price per square foot than land west of South Seacrest Boulevard. The unadjusted sales range on a per square foot basis of $21.04 to $40.51 per square foot. After adjusting for dissimilar characteristics, the adjusted per square foot range is $31.33 to $40.51 with a mean of $32.97 per square foot. We feel that a per square foot value near the mean of the adjusted values best reflect's the subject's value, which we rounded up to $35.00 per square foot, which which falls within the unadjusted and adjusted selling price per square foot range. Thus: 14,375 square feet X $35.00 per square foot = $503,125, which we rounded to $500,000. Form LAND.(AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 4 5 6 ADDITIONAL COMPARABLE SALES File No.MARKET DATA ANALYSISITEM SUBJECT PROPERTY COMPARABLE NO.COMPARABLE NO.COMPARABLE NO. Address Proximity to Subject Sales Price $$$$ Price $$$$ Data Source(s) ITEM DESCRIPTION DESCRIPTION +( )$ Adjust.–DESCRIPTION +( )$ Adjust.–DESCRIPTION +( )$ Adjust.– Date of Sale/Time Adj. Location Site/View Sales or Financing Concessions Net Adj. (Total)+ –$+ –$+ –$ Indicated Value of Subject $$$ Comments on Market Data 08/11 900 Form SUP - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 2250110.000 N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA SHEPARD-FUNK ADD LTS 21 & 22 BLK 2 Legal Description Borrower Lender/Client File No. Property Address City County State Zip Code 901 Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Subject Front looking north 135 NE 3rd Ave, Boynton Beach Subject looking south Street View Looking West Borrower Lender/Client Property Address City County State Zip Code 902 Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Subject looking NE 135 NE 3rd Ave View Looking West View looking East Borrower Lender/Client Property Address City County State Zip Code 903 Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Comparable 1 Sale Date: Sales Price: 137 NE 3rd Ave, Boynton Beach 3/7/2024 $300,000 or $40.51 psf Comparable 2 Sale Date: Sales Price: 527 NW 11th Ave, Boynton Beach 3/26/2024 $165,000 OR $21.04 psf Comparable 3 Sale Date: Sales Price: 507 NW 12th Avenue, Boynton Beach 7/25/2024 $226,000 or $21.61 psf Borrower Lender/Client Property Address City County State Zip Code 904 Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Comparable 4 Sale Date: Sales Price: 524 NW 3rd St, Boynton Beach 7/26/2024 $195,000 or $23.56 psf Blank Blank Borrower Lender/Client Property Address City County State Zip Code 905 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Plat Map N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 906 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Site Dimensions N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 907 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Lot Aerial View N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 908 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Lot Aerial View N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 909 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Lot Aerial View N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 910 Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 911 Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location & Comparable Sales Map N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 912 Form SCNLGH - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Appraiser License N/A 135 NE 3rd Ave Boynton Beach Palm Beach FL 33435 Boynton Beach CRA Borrower Lender/Client Property Address City County State Zip Code 913 Appraiser Qualifications Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 914 Form ACR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Anderson & Carr, Inc. DEFINITION OF MARKET VALUE: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, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised,and each acting in what he considers his own best interest;(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 (5) 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. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the seller pays these costs in virtually all sales transactions.Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS:The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1.The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it.The appraiser assumes that the title is good and marketable and,therefore,will not render any opinions about the title.The property is appraised on the basis of it being under responsible ownership. 2.The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3.The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor,he or she makes no guarantees, express or implied, regarding this determination. 4.The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5.The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value.These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6.The appraiser has noted in the appraisal report any adverse conditions (such as,needed repairs,depreciation, the presence of hazardous wastes, toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal.Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances,etc.)that would make the property more or less valuable,and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property.The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7.The appraiser obtained the information,estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct.The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8.The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9.The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,repairs,or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10.The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations,and references to any professional appraisal organizations or the firm with which the appraiser is associated)to anyone other than the borrower;the mortgagee or its successors and assigns;the mortgage insurer; consultants;professional appraisal organizations; any state or federally approved financial institution;or any department,agency,or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s)without having to obtain the appraiser's prior written consent.The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising,public relations, news,sales,or other media. Freddie Mac Form 439 6-93 Fannie Mae Form 1004B 6-93Page 1 of 2 915 Form ACR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 135 NE 3rd Ave, Boynton Beach, FL 33435 Ronald J. Saar March 6, 2025 Cert Gen RZ4225 FL 11/30/2026 APPRAISER'S CERTIFICATION:The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation.If a significant item in a comparable property is superior to,or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and,if a significant item in a comparable property is inferior to,or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge,that all statements and information in the appraisal report are true and correct. 3.I stated in the appraisal report only my own personal,unbiased,and professional analysis,opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base,either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race,color,religion, sex,handicap,familial status,or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party,the amount of the value estimate, the attainment of a specific result,or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal.I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal,with the exception of the departure provision of those Standards,which does not apply.I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements,on the subject site,or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report.If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s)and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks.I have not authorized anyone to make a change to any item in the report;therefore,if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION:If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: APPRAISER:SUPERVISORY APPRAISER (only if required): Signature:Signature: Name:Name: Date Signed:Date Signed: State Certification #:State Certification #: or State License #:or State License #: State:State: Expiration Date of Certification or License:Expiration Date of Certification or License: Did Did Not Inspect Property Freddie Mac Form 439 6-93 Fannie Mae Form 1004B 6-93Page 2 of 2 916 This Message Is From an Untrusted Sender You have not previously corresponded with this sender. From:Leah Wallesverd To:Utterback, Theresa Cc:Tack, Timothy Subject:Re: FW: Appraisal for 135 NE 3rd Avenue Date:Wednesday, March 12, 2025 8:10:54 PM Attachments:image001.jpg image199378.png image940222.png image529541.png image874630.png image079384.png image185954.png image356818.png Hello Theresa! After taking this appraisal into consideration my seller is willing to sell this property at $375,000. Please let me know if you have any questions. Thank you, Leah Wallesverd NRH Realty On Tue, Mar 11, 2025 at 5:10 PM Utterback, Theresa <UtterbackT@bbfl.us> wrote: Hi Leah, Per our telephone conversation, I have attached the appraisal for 135 NE 3rd Avenue. Please let me know your client’s thoughts. We can touch base tomorrow. Have a great evening. Theresa 917 This Message Is From an Untrusted Sender You have not previously corresponded with this sender. Theresa Utterback Development Services Manager Boynton Beach Community Redevelopment Agency 100 E. Ocean Ave.| Boynton Beach, Florida 33435 561-600-9094 |561-737-3258 UtterbackT@bbfl.us | https://www.boyntonbeachcra.com America's Gateway to the Gulfstream Please be advised that Florida has a broad public records law, and all correspondence to me via email may be subject to disclosure. Under Florida law, email addresses are public records. Therefore, your email communication and your email address may be subject to public disclosure From: Christine Preece <cpreece@andersoncarr.com> Sent: Tuesday, March 11, 2025 4:06 PM To: Utterback, Theresa <UtterbackT@bbfl.us>; Ron Saar <rsaar@andersoncarr.com> Subject: RE: Appraisal for 135 NE 3rd Avenue Theresa, Please see attached revised appraisal. CHRISTINE M. PREECE Administrator 2801 Exchange Court West Palm Beach, FL 33409 O: 561. 833. 1661 M: 561. 410. 8446 W: andersoncarr. com WARNING! WIRE FRAUD ADVISORY: If you have an escrow or closing ZjQcmQRYFpfptBannerStart ZjQcmQRYFpfptBannerEnd Theresa, Please see attached revised appraisal. CHRISTINE M. PREECE 918 Administrator 2801 Exchange Court West Palm Beach, FL 33409 O: 561.833.1661 M: 561.410.8446 W: andersoncarr.com WARNING! WIRE FRAUD ADVISORY: If you have an escrow or closing transaction with us and you receive an email containing wire instructions, DO NOT RESPOND TO THE EMAIL! Instead, call our office immediately, using previously known contact information and NOT information provided in the email to verify information prior to sending funds. Never reply to or call a phone number in a suspicious email. Any requests to change wire instructions will be communicated offline. 919 Street #Property Address Structure or Lot?Appraised Value Asking Price Lot Size Acres Square Feet Price per Sq. Ft. % Over Appraised Value 135 NE 3rd Avenue Vacant $500,000.00 $375,000.00 0.33 14374.8 $26.09 -25% Street #Property Address Structure or Lot?Appraised Value Contract Price Lot Size Acres Square Feet Price per Sq. Ft. % Over Appraised Value Southwest Jefferson, Inc. 225 NE 9th Avenue Vacant Lot $264,000.00 $300,000.00 0.1728 7527.168 $39.86 14% Street #Property Address Structure or Lot/Appraisal Appraised Value Sale Price Lot Size Acres Square Feet Price per Sq. Ft. % Over Appraised Value 334 NE 11th Avenue Structure (Rental)$275,000.00 $305,000.00 0.1722 7501.032 $40.66 11% 507 & 513 NE 2nd Street Structures (Rental)$720,000.00 $3,000,000.00 0.6073 26453.988 $113.40 317% Street #Property Address Structure or Lot?Date Acquired Purchase Price Lot Size Square Feet Price per Sq. Ft. Status xxx MLK Blvd.Vacant Lot October-14 $130,000.00 0.1607 7000.092 $18.57 MLK Corridor redevelopment 308 NE 10th Avenue Vacant Lot - Structure demo'd April-05 $225,000.00 0.178 7753.68 $29.02 MLK Corridor redevelopment xxx NE 10th Avenue Vacant Lot October-16 $19,000.00 0.1779 7749.324 $2.45 MLK Corridor 211 NE 9th Avenue Vacant Lot May-18 $53,000.00 0.1738 7570.728 $7.00 To be added to the properties aka MLK South for Mixed Use Development 231 NE 9th Avenue Vacant Lot - Structure demo'd April-14 0.1726 MLK Corridor redevelopment xxx NE 10th Avenue-MLK Vacant Lot-Purchased w/ 231 NE 9th Ave April-14 0.1779 MLK Corridor redevelopment xxx NE 10th Avenue-MLK Vacant Lot-Purchased w/ 231 NE 9th Ave April-14 0.1779 MLK Corridor redevelopment 235 NE 9th Avenue Vacant January-06 $249,000.00 0.1725 7514.1 $33.14 MLK Corridor redevelopment 106 NE 3rd Avenue Vacant October-18 $100,000.00 0.2626 11438.856 $8.74 Part of the Boynton Beach Blvd. District 407 NE 1st Avenue Vacant Lot - Structure demo'd November-20 $268,000.00 0.1742 7588.152 $35.32 Misc. 221 E. MLK Blvd.Vacant Lots April-21 $103,300.00 0.1608 7004.448 $14.75 MLK Corridor redevelopment XXX E. MLK Blvd.Vacant Lots May-21 $175,000.00 0.4821 21000.276 $8.33 MLK Corridor redevelopment XXX NW 11th Avenue Vacant Lot March-24 $165,000.00 0.1753 7636.068 $21.61 Misc. Cherry Hill XXX NE 10th Avenue Vacant Lot September-23 $49,000.00 0.1607 7000.092 $7.00 MLK Corridor redevelopment 507 NW 12th Avenue Vacant Lot July-24 $226,000.00 0.24 10454.4 $21.62 Misc. Cherry Hill 524 NW 3rd Street Vacant Lot July-24 $195,000.00 0.1946 8476.776 $23.00 Misc. 1017 N. Railroad Avenue Residential Structure September-24 $237,000.00 0.1356 5906.736 $40.12 Misc. General Commercial 321 E. MLK Blvd.Structure (Single Family Home)October-24 $375,000.00 0.1607 7000.092 $53.57 MLK Corridor redevelopment 419 N. Seacrest Blvd. Structure (Seed of Faith Church)January-25 $520,000.00 0.33 14374.8 $36.17 HOB-Affordable Housing 318-323 E. MLK Blvd.Duplex January-25 $450,000.00 0.16 6969.6 $64.57 MLK Corridor redevelopment TOTALS 3,596,300$ 4.0279 175,455.32 $20.50 $57,000.00 23017.104 $2.48 Jupi Iris, LLC BOYNTON BEACH CRA PROPERTY INVENTORY March 2025 SUBJECT PROPERTY FOR BOYNTON BEACH CRA PURCHASE CURRENT BBCAR PROPERTY INVENTORY PREVIOUS PROPERTY OFFERINGS TO BOYNTON BEACH CRA PROPERTY UNDER CONTRACT 920 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 NEW BUSINESS AGENDA ITEM 15.B SUBJECT: Discussion and Consideration of an Auditor Selection Committee for an RFP for Auditing Services SUMMARY: The Boynton Beach CRA is required to perform an annual Financial Audit adhering to the standards established under the Governmental Accounting Standards Board and Florida Statute Chapter 163 Part III. CRA Finance and Executive staff will issue a Request for Proposal (RFP) for Financial Audit Services on March 21, 2025, to solicit Proposals from qualified CPA firms to conduct the required annual audit of the CRA's financial statements. Under the terms of the RFP, the initial contract term sought is for three (3) years beginning with an audit of the financial statements of the CRA for the fiscal year ending September 30, 2025, and allows for one renewal option for an additional three (3) year term (see Attachment I). Audit Selection Committee The Proposals will be evaluated and ranked by an Auditor Selection Committee. The Board will award the contract to the highest ranked firm. Under Florida law, the Audit Selection Committee must be composed of at least 3 members, where at least one member must be a member of the CRA Board. The Executive Director or CRA staff are prohibited from being members of the Auditor Selection Committee (but they can advise the selection committee) (see Attachment II). Based on a review of audit selection committees from other local agencies that are similar to size and function of the CRA, Staff recommends that the CRA Board designate itself as the Auditor Selection Committee. 921 •Attachment I - RFP - Financial Auditing Service •Attachment II - F.S. 218.391 Auditor Selection Procedures Evaluation Factors Secondly, the Auditor Selection Committee is responsible for establishing factors to evaluate the Proposals. Staff recommends that the following evaluation criteria be used: MAX. POINTS CATEGORY 30 Technical - Proposer's Expertise & Experience 20 Audit Approach 10 Available local office (Palm Beach, Broward, or Miami-Dade counties) 10 CRA audit specific experience 30 Price Under Florida law, price cannot be the sole or predominant factor used to evaluate proposals. To prevent the Auditor Selection Committee from inadvertently putting more weight on the price proposal, we are requesting that the Proposer submit the price proposal in a separate envelope. The Auditor Selection Committee will first score the proposals on their technical merit (factor 1-4). The price proposal will then be evaluated by using a formula, wherein the lowest price proposal receives a score of 30. The price proposal score will then be added to the technical score to reach the final score. RFP Schedule In order for the CRA to a have contract in place for the next audit season, Staff recommends that the RFP be published in March 21, 2025, with a deadline to submit proposals on April 21, 2025. This would allow the Board to meet as the Auditor Selection Committee at the May Board meeting. At that time, the Auditor Selection Committee can recommend an award be made at the same meeting or request presentations to be made and the contract be awarded at the following Board meeting. FISCAL IMPACT: General Fund, Line Item 01-51420-200 CRA BOARD OPTIONS: 1. Motion to appoint the full CRA Board as the Auditor Selection Committee. 2. Motion to establish the Evaluation Factors for the Proposals. 3. Motion to approve the RFP for Financial Auditing Services and the RFP schedule. 4. Provide alternative direction based on CRA Board discussion. ATTACHMENTS: Description 922 01113877-1 1 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY AUDIT COMMITTEE REQUEST FOR PROPOSALS FOR FINANCIAL AUDITING SERVICES Issue Date: March 21, 2025 Issuing Entity: The Boynton Beach Community Redevelopment Agency (CRA) Contact Person: Vicki Hill, Finance Director Tel: (561) 600-9092 - Fax: (561) 737-3258 Address for Submittal: The Boynton Beach CRA 100 East Ocean Avenue, 4th Floor Boynton Beach, FL 33435 RFP Submission Due Date: Monday, April 21, 2025, at 3:00 pm (Eastern Day Light Savings Time) Term of Engagement: The term of the proposal is for three (3) years with one option for a three (3) year renewal. RFP’s will be opened in: CONFERENCE ROOM – CRA OFFICES Unless otherwise designated Proposals received after the above submission date and time will not be considered. The CRA time of receipt notification shall be conclusive as to the timeliness of filing. The CRA is not responsible for the U.S. Mail or private couriers in regard to mail being delivered by a specified time so that a proposal can be considered. The CRA reserves the right to consider proposals that have been determined by the CRA to be received late due to mishandling by the CRA after receipt of the proposal and no award has been made. The CRA reserves the right to accept or reject any proposal or any part thereof or any combination of proposals and to waive any or all formalities. 923 01113877-1 2 The following language is made a part of and is to be included in the specifications hereto attached: SCOPE OF WORK: The CRA is soliciting the services of an independent certified public accounting firm to provide external independent auditing services to the CRA for a period of three (3) years beginning with an audit of the financial statements of the CRA for the fiscal year ending September 30, 2025. The terms of the agreement shall be for a period of three (3) years to cover the fiscal years ending September 30, 2025, September 30, 2026, and September 30, 2027. The contract provided by the RFP will include one option to extend the contract for an additional period consisting of three (3) years to cover the fiscal years September 30, 2028, September 30, 2029, and September 30, 2030. These audits are to be performed in accordance with generally accepted auditing standards and the standards for financial audits set forth in the U.S. Government Accountability Office's (GAO) Government Auditing Standards (2018), as well as the following additional requirements: • In accordance with Section 218.39, Florida Statutes governing annual financial audit reports, and any other applicable Florida Statutes, • In accordance with all of the applicable financial reporting and other requirements governing Community Redevelopment Agencies created pursuant to Chapter 163 of the Florida statutes, and • In accordance with the provisions of Chapter 10.550, Rules of the Auditor General which govern the conduct of local government entity audits performed in the State of Florida, • Audits of State and Local Government Units, issued by the American Institute of Certified Public Accountants, and • Any other applicable Federal, state, local regulations or professional guidance not specifically listed above as well as any additional requirements that may be adopted by these organizations in the future. CONTACT: Vicki Hill, Finance Director Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4th Floor Boynton Beach, Florida 33435 (561) 600-9092 Email: Hillv@bbfl.us Office Hours: MONDAY – FRIDAY, 8:30 A.M. to 5:00 P.M. 924 01113877-1 3 INTRODUCTION REQUEST FOR PROPOSALS FOR THREE (3) YEAR CONTRACT FOR FINANCIAL AUDITING SERVICES Section 1 - Submittal Information A. The CRA will receive RFP responses until April 21, 2025 3:00 p.m. (local time) at the Boynton Beach Community Redevelopment Agency (CRA) to provide the CRA with a Request for Proposal related to Financial Auditing Services. B. Any responses received after the above stated time and date will not be considered. It shall be the sole responsibility of the proposer to have their response delivered to the CRA for receipt on or before the above stated time and date. It is recommended that responses be sent by an overnight air courier service or some other method that creates proof of submittal. Responses which arrive after the above stated deadline as a result of delay by the mail service shall not be considered shall not be opened and arrangements shall be made for their return at the proposer’s request and expense. The CRA reserves the right to consider submittals that have been determined by the CRA to be received late due solely to mishandling by the CRA after receipt of the response and prior to the award being made. C. Questions pertaining to this Request for Proposal should be directed to Vicki Hill (561) 600- 9092, from 8:30 a.m. to 5:00 p.m., Monday through Friday or via email at: Hillv@bbfl.us. No meetings will be scheduled with proposers to discuss the project. The issuance of a written addendum is the only official method whereby interpretation, clarification or additional information can be given. If any addendum(s) are issued to this Request for Proposal, the CRA will attempt to notify all prospective proposers who have secured same, however, it shall be the responsibility of each proposer, prior to submitting the response, to contact the CRA at (561) 600-9092, to determine if any addendum(s) were issued and to make any addendum acknowledgements as part of their response. Answers to written questions shall be maintained in the CRA file and are available to all proposers to review. D. One (1) original so designated, and a minimum of five (5) copies and (1) digital copy in PDF format or on a thumb drive of the response shall be submitted in one sealed package clearly marked on the outside RFP: “THREE YEAR CONTRACT FOR FINANCIAL AUDITING SERVICES,” and addressed to: Audit Committee, Boynton Beach CRA, 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435. E. Responses shall clearly indicate the legal name, address and telephone number of the proposer (firm, corporation, partnership or individual). Responses shall be signed above the typed or printed name and title of the signer. The signer shall have the authority to bind the proposer to the submitted response. Proposers must note their Federal I.D. number on their submittal. 925 01113877-1 4 F. All expenses for making responses to the CRA are to be borne by the proposer. G. A sample draft contract that the CRA intends to execute with the successful firm is contained in this Request for Proposal for review. The CRA reserves the right to modify the contract language prior to execution. The scope of services will closely track the scope of work detailed in Section 2 of this Request for Proposal. Section 2 - Scope of Work Background - The CRA was created under Florida Statute 163.356 in 1982 and has operated as a special district within the boundaries of the CRA in the City of Boynton Beach. The CRA serves an area of approximately 1,650 acres. On October 1, 2002, the CRA was given independent status by the City of Boynton Beach and is controlled by a CRA Board. The CRA Board also serves as Mayor and Commissioners of the City of Boynton Beach. Tax increment revenue (TIF) totaled $21,555,333 with total revenue of $24,706,466 for the fiscal year ended September 30, 2024. The CRA has a staff of nine (9) full time employees with two (2) employees in Finance. Work Objective - The CRA is soliciting the services of an independent certified public accounting firm to provide external independent auditing services to the CRA for a period of three (3) years beginning with an audit of the basic financial statements of the CRA for the fiscal year ending September 30, 2025. The contract provided by the RFP will include one option to extend the contract for an additional period consisting of three (3) years. Section 3 - General Information and Selection Criteria A. The response should be designed to portray to the CRA how the proposer’s range of services can best provide the CRA with the THREE-YEAR CONTRACT FOR FINANCIAL AUDITING SERVICES. To evaluate the capabilities of all firms, each RFP shall include, at a minimum, the following information: 1. Experience of the firm with similar projects. 2. It is essential that the project be supervised and carried out by personnel possessing training and experience appropriate to the nature of the project. The RFP shall include: a) The names and positions of each professional to be assigned to this project, including familiarity with projects of a similar nature. b) Resumes of academic training and employment in the applicable fields. c) Evidence of possession of required licenses or business permits. d) Evidence of any previous experience in projects of a similar nature (i.e., government and community redevelopment agency audit experience) - provide contact names and phone numbers along with project names and appropriate agency contacts. Indicate if the contract is still active. 3. Reference listing, including contact names and phone numbers. 926 01113877-1 5 4. A list of all lawsuits in which the firm has been named as a party in the past three (3) years. 5. A copy of the certified public accounting firm’s license under Chapter 473 of the Florida Statutes. B. Proposals submitted will be evaluated by an Audit Committee. The committee will rank all responses and the highest ranked qualified firm will be selected by the CRA Board. During the evaluation process, the Audit Committee and the CRA reserve the right, where it may serve the CRA’s best interest, to request additional information or clarification from proposers, or to allow corrections of errors or omissions. At the discretion of the CRA or the Audit Committee, firms submitting proposals may be requested to make oral presentations as part of the evaluation process. The CRA reserves the right to reject any proposal for noncompliance, and to award the Contact, at the CRA’s sole discretion, or to not make any award of the Contract. C. The following items are attached with the RFP in Appendix A and must be completed and submitted with any response to have a valid submittal. They are: 1. Proposer’s Acknowledgment 2. Non-Collusion Affidavit Form 3. Anti-Kickback Affidavit 4. Drug-Free Workplace 5. Sworn Statement on Public Entity Crimes 6. Hold Harmless and Indemnity Agreement 7. Addenda Acknowledgement Form 8. Palm Beach County Inspector General Acknowledgment 9. Certification of Non-Scrutinized Company 10. Anti-Human Trafficking Affidavit Also included in Appendix A: 11. Insurance Requirements 12. Draft Contract Form D. The final scope of services to be developed. The CRA reserves the right to include additional provisions if the inclusion is in the best interest of the CRA, as determined solely by the CRA. E. Each entity, by submission of a proposal, acknowledges that in the event of any legal action challenging the award of the project, damages, if any, shall be limited to the actual cost of the preparation of the proposal. F. Each respondent is deemed to have knowledge of all applicable federal, state and local laws, rules, ordinances and regulations of all authorities having jurisdiction over all aspects of the project. 927 01113877-1 6 SPECIFICATIONS FOR FINANCIAL AUDITING SERVICES PART I – INTRODUCTION 1-1 WORK OBJECTIVE The CRA is soliciting the services of an independent certified public accounting firm to provide external independent auditing services to the CRA for a period of three (3) years beginning with an audit of the basic financial statements of the CRA for the fiscal year ending September 30, 2025. 1-2 TERM OF AGREEMENT The terms of the agreement shall be for a period of three (3) years to cover the fiscal years ending September 30, 2025, September 30, 2026, and September 30, 2027. The contract provided by the RFP will include one option to extend the contract for an additional period consisting of three (3) years to cover the fiscal years ending September 30, 2028, September 30, 2029, and September 30, 2030. These audits are to be performed in accordance with the provisions contained in this request for proposals. This Agreement is subject to the satisfactory negotiation of terms (including a price acceptable to both the CRA and the selected firm), and the approval of the CRA Board. PART II - SCOPE OF SERVICES 2-1 SCOPE OF WORK TO BE PERFORMED The CRA expects the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with accounting principles generally accepted in the United States. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. 2-2 AUDITING STANDARDS TO BE FOLLOWED To meet the requirements of this Request for Proposal, the audit shall be performed in accordance with: ▪ Generally accepted auditing standards as set forth by the American Institute of Certified Public Accountants (AICPA). ▪ Section 218.39, Florida Statutes, and any other applicable Florida Statutes. ▪ Rules of the Auditor General for the State of Florida, Chapter 10.550 and other rules as applicable. 928 01113877-1 7 ▪ Audits of State and Local Government Units, issued by the American Institute of Certified Public Accountants. ▪ Statements on Auditing Standards (GAAS). ▪ Government Auditing Standards, issued by the Comptroller General of the United States. ▪ Any other applicable rules, Federal, state, local regulations, other requirements governing Community Redevelopment Agencies created pursuant to Chapter 163 of the Florida statutes, or professional guidance not specifically listed above as well as any additional requirements that may be adopted by these organizations in the future. 2-3 REPORTS TO BE ISSUED Following the completion of the audit of the fiscal year’s financial statements, the auditor shall issue: a. A report on the fair presentation of the basic financial statements in conformity with accounting principles generally accepted in the United States. b. A report on internal control over financial reporting based on the audit of the basic financial statements. c. A report on compliance with applicable laws and regulations, as required by Government Auditing Standards. d. A management letter required by Section 11.45(3)(a)4, Florida Statutes. e. Other required disclosures required by relevant Rules of the Auditor General. In the required report(s) on internal controls, the auditor shall communicate any reportable conditions found during the audit. A reportable condition shall be defined as a significant deficiency in the design or operation of the internal control structure, which could adversely affect the organization’s ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. Reportable conditions that are also material weaknesses shall be identified as such in the report. Non-reportable conditions and other matters discovered by the auditors shall be reported in a separate letter to management, which shall be referred to in the reports on internal controls. The report on compliance shall include all material instances of noncompliance. All nonmaterial instances of noncompliance shall be reported in a separate management letter, which shall be referred to in the report on compliance. Irregularities and Illegal Acts – auditors shall be required to make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of which they become aware to the CRA Executive Director and the CRA Finance Director. 929 01113877-1 8 Use of the audited financial statements, opinions or any of the above-named reports will not result in additional compensation unless their use requires additional certification or services on the part of the firm hired. 2-4 SPECIAL CONSIDERATIONS During the contract period the CRA may prepare one or more official statements in connection with the sale of debt securities that will contain the basic financial statements and the auditor’s report thereon. The auditor shall be required, if requested by the financial advisor and /or the underwriter, to issue a “consent and citation of expertise” as the auditor and any necessary “comfort letters.” The CRA is a component unit of the City of Boynton Beach which requires close coordination of all deadlines with the Director of Financial Services of the City of Boynton Beach. The fiscal year end for both entities is September 30. 2-5 WORKING PAPER RETENTION AND ACCESS TO WORKING PAPERS All working papers and reports must be retained, at the auditor’s expense, for a period of three (3) years after completion of any work provided herein, unless the firm is notified in writing by the CRA of the need to extend the retention period. CRA management and their representatives shall be entitled at any time during the contract period to inspect and reproduce such documents as deemed necessary. Upon request, working papers will also be made available to the following entities or their designees: City of Boynton Beach; Palm Beach County Board of Commissioners; parties designed by the federal or state governments or by the CRA as part of an audit quality review process. In addition, the firm shall respond to the reasonable inquiries of successor auditors and financial consultants to the CRA and allow successor auditors and financial consultants to the CRA to review working papers relating to matters of continuing accounting significance. As requests for copies of working papers are fulfilled, the auditors will be required to notify the CRA Finance Director of the request, as appropriate. 2-6 ADDITIONAL SERVICES If, during the contractual period, additional auditing or accounting services are needed, the proposer may be engaged to perform these services. The proposer shall, upon receipt of a written request from the CRA, perform such additional services. Such services, if offered by the proposer, may include, but not be limited to: • Management advisory services • Arbitrage calculations • Extended audit services or special audits • Assistance in the preparation of any Official Statements required by Bond Counsel All additional work will be documented by engagement memoranda to be approved by the CRA in accordance with the procurement policies of the CRA. The total amount for additional services shall be separately negotiated at the time of the engagement for a not-to-exceed amount 930 01113877-1 9 calculated in accordance with the rates of the awarded contract. In addition, the audit firm will be responsible for ensuring that any additional services provided would not impair the firm’s independence as prescribed in Amendment 3 to Government Auditing Standards. PART III - DESCRIPTION OF THE GOVERNMENT 3-1 NAME AND TELEPHONE NUMBER OF CONTACT PERSONS The auditor’s principal contact with the CRA will be Vicki Hill, Finance Director (561) 600- 9092 who will coordinate the assistance to be provided by the CRA to the auditor. 3-2 BACKGROUND INFORMATION The Boynton Beach Community Redevelopment Agency is a dependent special district established by the City of Boynton Beach, Florida in 1982 under authority granted by section 163.356, Florida Statutes. The CRA serves an area of approximately 1,650 acres. On October 1, 2002, the CRA was given independent status by the City of Boynton Beach and is controlled by a CRA Board comprised of City of Boynton Beach elected officials. Tax increment revenue (TIF) totaled $21,555,333 with total revenue of $24,706,466 for the fiscal year ended September 30, 2024. The CRA has a staff of nine (9) full time employees with two (2) employees in Finance. 3-3 BUDGETARY BASIS OF ACCOUNTING The budget of the General Fund is prepared on the modified accrual basis . As a result, the General Fund revenue, expenditures and operating transfers reported in the budget and actual statement differ from the amounts reported on the GAAP basis. 3-4 FUND STRUCTURE The CRA uses the following fund types and account groups in its financial reporting: Fund Type/Account Group Number of Individual Funds Number With Legally Adopted Annual Budgets General Fund 1 1 Debt Service Fund 1 1 Capital Projects Fund 1 1 The CRA’s budget for Fiscal Year 2024-2025 is $5.67 million (General Fund only) for operations $17.59 million and $2.3 million for Debt Service. Tax millage rates are 7.80 mills for the General Fund from the City of Boynton Beach and 4.50 mills from Palm Beach County. The CRA has a finance staff of two who will be committed to the audit and timely completion thereof. More detailed information on the CRA and its finances can be found in budget documents, the City of Boynton Beach Comprehensive Annual Financial Report, official statements, and annual financial reports. The CRA’s budget and latest financial statements can be located on the CRA’s website at: www.boyntonbeachcra.com. 931 01113877-1 10 3-5 COMPUTER SYSTEM The CRA uses Tyler Technologies INCODE municipal financial accounting software. 3-6 EMPLOYEE RETIREMENT PLAN The CRA participates in a 401(a) defined contribution retirement plan and a 457(b) deferred compensation plan. 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 CRA’s required contribution is 28.5% of the total salaries of qualified participants. Employer contributions to both plans for the period ended September 30, 2025, totaled $282,628. 3-7 AVAILABILITY OF PRIOR AUDIT REPORTS AND WORKING PAPERS Interested proposers who wish to review prior years’ CRA audited financial reports and management letters should contact Vicki Hill, Finance Director at Hillv@bbfl.us. The latest financial statements are also available online via the CRA website at: www.boyntonbeachcra.com. PART IV - PROPOSAL REQUIREMENTS 4-1 SUBMISSION OF PROPOSALS To be considered for this proposal, the following must be submitted. An original (so marked), five (5) copies and one (1) digital copy in PDF format or thumb drive are to be included with the proposal. 1. Title Page. Title page showing the request for proposal’s subject, the firm’s name, the name, address and telephone number of the contact person, and the date of the proposal. 2. Table of Contents. The table of contents of the proposal should include a clear and complete identification of the materials submitted by section and page number. 3. Transmittal Letter. A signed letter of transmittal briefly stating the proposer’s understanding of the work to be done, the commitment to perform the work within the time period required, a statement why the firm believes it to be best qualified to perform the engagement and a statement that the proposal is a firm and irrevocable offer for ninety (90) days. 4. Detailed Proposal – The detailed proposal should follow the order set forth in Part IV of this RFP. Proposals must be submitted in a sealed envelope clearly 932 01113877-1 11 marked with the name of the audit firm, “Request for Proposal, Financial Auditing Services.” 4-2 TECHNICAL PROPOSAL 1. General Requirements. The purpose of the Technical Proposal is to demonstrate the qualifications, competence and capacity of the firms seeking to undertake an independent audit of the CRA in conformity with the requirements of this request for proposals. As such, the substance of proposals will carry more weight than their form or manner of presentation. The Technical Proposal should demonstrate the qualifications of the firm and of the staff to be assigned to this engagement. It should also specify an audit approach that will meet the request for proposal requirements. The Technical Proposal should address all the points outlined in the request for proposals. The Proposal should be prepared simply and economically, providing a straightforward, concise description of the proposer’s capabilities to satisfy the requirements of the request for proposals. While additional data may be presented, the following subjects, listed below must be included. They represent the criteria against which the proposal will be evaluated. 2. Independence. The firm should provide an affirmative statement that it is independent of the CRA as defined by generally accepted auditing standards and the U.S. General Accounting Office’s Government Auditing Standards. The firm should also list and describe the firm’s professional relationships, if any, involving the CRA for the past five (5) years, together with a statement explaining why such relationships do not constitute a conflict of interest relative to performing the proposed audit. In addition, the firm shall give the CRA written notice of any professional relationships entered into during the period of this agreement. 3. License to Practice in Florida. An affirmative statement should be included that the firm and all assigned key professional staff are properly licensed to practice in Florida. 4. Firm Qualifications and Experience. The proposer should state the size of the firm, the size of the firm’s governmental audit staff, the location of the office from which the work on this engagement is to be performed and the number and nature of the professional staff to be employed in this engagement on a full-time basis and the number and nature of the staff to be so employed on a part-time basis. If the proposer is a joint venture or consortium, the qualifications of each firm comprising the joint venture or consortium should be separately identified and the firm that is to serve as the principal auditor should be noted, if applicable. The firm shall provide information on the results of any federal or state desk review or field review of its audits during the past three (3) years. The firm shall 933 01113877-1 12 also provide information on the results of any professional peer reviews during the last three (3) years. In addition, the firm shall provide information on the circumstances and status of any disciplinary action taken or pending against the firm during the past three (3) years with state regulatory bodies or professional organizations. The firm shall also describe any litigation or proceeding whereby, during the past three years, a court or any administrative agency has ruled against the firm or any staff member in any manner related to its professional activities. Similar information shall be provided for any current of pending litigation. 5. Partner, Supervisory and Staff Qualifications and Experience. Identify the principal supervisory and management staff, including engagement partners, managers, other supervisors and specialists, who would be assigned to the engagement. Indicate whether each such person is registered or licensed to practice as a certified public accountant in Florida. Provide information on the government auditing experience of each person, including information on relevant continuing professional education for the past three (3) years and membership in professional organizations relevant to the performance of this audit. Provide as much information as possible regarding the number, qualifications, experience and training, including relevant continuing professional education, of the specific staff to be assigned to this engagement. Indicate how the quality of staff over the term of the agreement will be assured. Engagement partners, managers, other supervisory staff and specialists may be changed if those personnel leave the firm, are promoted or are assigned to another office. These personnel may also be changed for other reasons with the express prior written permission of the CRA. However, in either case, the CRA retains the right to approve or reject replacements. Consultants and firm specialists mentioned in response to this request for proposal can only be changed with the express prior written permission of the CRA, which retains the right to approve or reject replacements. Other audit personnel may be changed at the discretion of the proposer provided that replacements have substantially the same or better qualifications or experience. 6. Similar Engagements with Other Government Entities and/or Community Redevelopment Agencies. For the firm’s office that will be assigned responsibility for this audit, list the most significant engagements (maximum of 5) performed in the last five (5) years that are similar to the engagement described in this request for proposal. These engagements should be ranked based on total staff hours. Indicate the scope of work, date, engagement partners, and the name and telephone number of the principal client contact. 7. Prior Engagements with The Boynton Beach CRA. List separately all engagements within the last five years, for the Boynton Beach CRA by type of 934 01113877-1 13 engagement (i.e., audit, and management advisory services, other). Indicate the scope of work, date, engagement partners, the location of the firm’s office from which the engagement was performed, and the name and telephone number of the principal client contact. 8. References From Other Government Clients. Proposers should furnish the names of similar governments, including community redevelopment agencies for which they have recently performed similar audits. Indicate the scope of work, date, engagement partners, and the name and telephone number of the principal client contact. 9. Specific Audit Approach. The proposal should set forth a work plan, including an explanation of the audit methodology to be followed, to perform the services required in this request for proposal. In developing the work plan, reference should be made to such sources of information as the CRA budget, financial and other management information. The proposed work plan shall provide for the completion and submission of a draft audit report to the CRA within 45 days from the end of field work. A final report is to be made to the CRA by December 31st of each year. 10. Price Proposal. In a separate sealed envelope, submit your signed, firm, fixed fee performance-based price proposal for providing all services, materials, etc., required for completion of services in accordance with your technical proposal. Include the cost of each audit for each of the next three years (3) a nd one additional renewal of three (3) years, i.e., six years in total. Rates for Additional Professional Services – If it should become necessary for the CRA to request the auditor to render any additional services to either supplement the services requested in this RFP or to perform additional work as a result of the specific recommendations included in any report issued on this engagement, then such additional work shall be performed only upon a written agreement between the CRA and the firm. 11. Proposal Copies. One (1) original so designated, and a minimum of five (5) copies and (1) digital copy in PDF format or thumb of the proposal should be submitted to: Audit Committee, The Boynton Beach CRA, 100 E Ocean Avenue, 4th Floor, Boynton Beach, FL 33435. 12. Addenda, Additional Information. Any addenda or answers to written questions supplied by the CRA to participating proposers become part of this Request for Proposal and the resulting contract. This Proposal form shall be signed by an authorized company representative, dated and returned with the Proposal. No negotiation decisions or actions shall be initiated or executed by the proposer as a result of any discussions with any CRA employee. Only those communications that are in writing for the CRA may be considered as a duly authorized expression. Also, the CRA will recognize only communication for proposers that are signed and in writing as duly authorized expressions on behalf of the proposer. 935 01113877-1 14 PART V - EVALUATION OF PROPOSALS 5-1 Evaluation Method and Criteria. All Proposals deemed responsive will be reviewed and evaluated by the Audit Committee in accordance with the following procedure. Proposals will be assigned a final score using the following formula: Final Score = Technical Proposal Score + Price Proposal Score Each member of the Audit Committee will receive a copy of each Technical Proposal. The Price Proposal will be provided to the Audit Committee after the Technical Proposal Score has been determined. 5-1-1 Review of Technical Proposals: The Audit Committee will consider the factors and requirements included within this Request for Proposal in determining whether the standard of responsibility has been met by a prospective proposer. MAX. POINTS CATEGORY 30 Technical – Proposer’s Expertise & Experience 20 Audit Approach 10 Available local office (Palm Beach, Broward, or Miami-Dade counties) 10 CRA audit specific experience 30 Price At the discretion of the CRA or the Audit Committee, firms submitting proposals may be requested to make oral presentations as part of the evaluation process. Such presentations will provide firms with an opportunity to answer any questions the Audit Committee may have on a firm’s proposal. Not all, or any, firms may be asked to make such oral presentations. 5-1-2 Price Proposal: Price will not be the primary factor in the selection of the Audit firm. The Price Proposal Score shall be calculated as follows: s = [1 – (b-a)] x 30 a Where: a = annual dollar cost amount of lowest Price Proposal b = annual dollar cost amount of Price Proposal to be rated s = Price Proposal score (rounded to the nearest 10th of a point) The basis for evaluation of the Price Proposals will be set at the annual dollar cost amount of the lowest priced Price Proposal, i.e. “a.” The lowest Price Proposal will receive the maximum score (30 points). All other Price Proposals will be compared to the lowest Compensation/Price Proposal, i.e., “b.” 936 01113877-1 15 5-1-3 Final Score and Ranking: After the Technical Qualifications Score is calculated, the Price Proposal scores will be calculated using the formula above. The Price Proposal score will then be added to the Technical Qualifications Score to determine the final score. The highest ranked Proposer will be the Proposer with the highest Final Score. The Audit Committee shall rank three (3) proposals to be presented to the CRA Board for final selection. If three proposals are not accepted or received, then less than three may be considered, with the Audit Committee recommending such firms as it deems to be the most highly qualified. As the best interest of the CRA may require, the right is reserved to reject any and all proposals or waive any minor irregularity of technicality in proposals received. Proposers are cautioned to make no assumptions unless their proposal has been evaluated as being responsive. 5-2 Final Selection. The CRA Board will select the highest-ranked qualified firm or must document in its public records the reason for not selecting the highest-ranked qualified firm. The firm will be selected in a timely manner. Following the CRA Board selection of an audit firm and notification of the firm selected, it is expected a contract will be executed between both parties within thirty (30) days. General Terms and Conditions CONE OF SILENCE: All prospective Applicants (Proposers) are hereby instructed not to contact any Board member of the Boynton Beach Community Redevelopment Agency , Boynton Beach City Commission, or Boynton Beach Community Redevelopment Agency staff members other than the noted contact person regarding this Request for Proposals (RFP) or their proposal at any time during the solicitation process. Any such contact shall be cause for rejection of your RFP submittal. PROPOSAL SUBMISSION AND WITHDRAWAL: RFP submittals shall be received at the Boynton Beach Community Redevelopment Agency on or before Monday, April 21, 2025, at 3:00 p.m. at the above address provided on page 1 of the RFP. Submittals sent to any other location shall not be accepted. Proposals shall not be submitted to the City of Boynton Beach. The outside of the envelope/container must be identified with the RFP title as stated above. The envelope/container must also include the Proposer’s name and return address. Receipt of the RFP submittal after the time and date specified due to failure by the Proposer to provide the above information on the outside of the envelope/container shall result in the rejection of the RFP submittal. DELAYS: The CRA, at its sole discretion, may delay the scheduled due dates indicated above if it is to the advantage of the CRA to do so. The CRA will notify Proposers of all changes in scheduled due dates by posting the notification in the form of addenda via e-mail and website. RFP submittals received at another location, other than the location noted above, or received after the specified time and date shall be returned unopened. The time and date will be scrupulously observed. The CRA shall not be responsible for late deliveries or delayed mail. The time/date stamp located on-site shall serve as the official authority to determine lateness of any RFP submittal. 937 01113877-1 16 The CRA cautions Proposers to assure actual delivery of mailed or hand -delivered RFP submittals prior to the deadline set for receiving RFP submittals. Telephone confirmation of timely receipt of the RFP submittal may be made by calling (561) 600-9092, before the 3:00 p.m. deadline. Proposers should submit one (1) original so designated, and a minimum of five (5) copies and (1) digital copy in PDF format or thumb drive of the response shall be submitted in one sealed package clearly marked on the outside RFP: “REQUEST FOR PROPOSAL, FINANCIAL AUDITING SERVICES,” and addressed to: Audit Committee, Boynton Beach CRA, 100 E. Ocean Avenue, 4th Floor, Boynton Beach, FL 33435. All supporting documentation as required in this Request for Proposal shall also be included. The Proposer may submit the RFP submittal in person or by mail. It is the responsibility of the Proposer to verify that the RFP submission is received by the CRA by the deadline date and time. Proposers may withdraw their RFP submittals by notifying the CRA in writing at any time prior to the time set for the RFP deadline. Proposers may withdraw their RFP submittals in person or through an authorized representative. Proposers and authorized representatives must disclose their identity and provide a signed receipt for the RFP submittal. RFP submittals, once opened, become the property of the CRA and will not be returned to the Proposers. No additional information may be submitted, or follow-up made, by any Proposer after the stated due date, outside of a formal presentation to the Audit Committee, if requested by the CRA, and unless requested by the CRA. At the time of opening and immediate review of the RFP submittals, the CRA reserves the right to request all required forms/attachments that may have not been submitted at the time of submittal. The respondent shall have twenty-four (24) hours to supply this information to the CRA for their RFP submittal to be considered valid. INQUIRIES / INTERPRETATIONS: All proposers shall carefully examine the RFP documents. Proposers may submit IN WRITING, questions to the CRA concerning the intent, meaning and interpretations of the RFP documents. All inquiries shall be directed to: Vicki Hill, Finance Department, via email to Hillv@bbfl.us. It is the responsibility of the Proposer to verify that the CRA has received the question(s) and to obtain all Addenda. Oral statements given before the Proposal Due Date will not be binding. ADDENDA: Should revisions to the RFP documents become necessary; the CRA shall post addenda information on the CRA website at www.boyntonbeachcra.com. All Proposers should check the CRA’s website at least forty-eight (48) hours before the date fixed to verify information regarding Addenda. Failure to do so could result in rejection of the RFP submittal as unresponsive. Proposer shall sign, date and return all addenda with their RFP submittal. It is the sole responsibility of the Proposer to ensure he/she obtains information related to Addenda. 938 01113877-1 17 SELECTION PROCESS AND AWARD: All RFP submittals will be evaluated by Audit Committee in accordance with the criteria set forth in the RFP documents. The Audit Committee may conduct interviews/presentations as part of the evaluation process. The CRA shall not be liable for any costs incurred by the Proposer in connection with such presentations. The CRA anticipates award to the highest ranked qualified firm as determined by the selection committee. The Proposer(s) understands that this RFP does not constitute an agreement or a contract with the Proposer. The Board of the CRA reserves the right to reject all RFP submittals, to waive any formalities, and to solicit and re-advertise for new RFP submittals, or to abandon the project in its entirety. OFFER OF CONTRACT: Upon selection of the successful Proposer by the CRA Board, the CRA will extend to said Proposer an offer to enter into a contract. The low monetary proposal will NOT in all cases be awarded the Contract. The terms and conditions of the Contract are subject to negotiation but shall not deviate from the required information as outlined in the RFP. Contracts will be awarded by the CRA to the best responsible proposer whose proposal represents the most advantageous proposal to the CRA. Evaluation of proposals will be made based upon the evaluation factors and standards heretofore set forth. PREPARATION COSTS: Neither the CRA nor its representatives shall be liable for any expenses incurred in connection with preparation of a response to this RFP. Proposers should prepare their RFP submittals simply and economically, providing a straightforward and concise description of the Proposer’s ability to meet the requirements of the RFP. ACCURACY OF RFP SUBMITTAL INFORMATION: Any Proposer that submits in his/her RFP submittal to the CRA any information which is determined to be substantially inaccurate, misleading, exaggerated, or incorrect, shall be disqualified from consideration. INSURANCE: Misrepresentation of any material fact, whether intentional or not, regarding the Proposer’s insurance coverage, policies or capabilities may be grounds for rejection of the RFP submittal and rescission of any ensuing contract. Copy of the insurance certificate shall be furnished to the CRA prior to final execution of the contract. LICENSES: Proposers, both corporate and individual, must be fully licensed and certified for the type of work to be performed in the State of Florida at the time of submittal of RFP. Should the Proposer not be fully licensed and certified, his/her RFP submittal shall be rejected. Any permits, licenses, or fees required shall be the responsibility of the Proposer. No separate or additional payment will be made for these costs. Adherence to all applicable code regulations, Federal, State, City, etc., are the responsibility of the Proposer. PUBLIC RECORDS: Pursuant to Section 119.071(1)(b)(2), Florida Statutes, upon recommendation of an award, or thirty (30) days after receiving the proposals, whichever is earlier, RFP submittals become “public records” and shall be subject to public disclosure with Chapter 119, Florida Statutes. Proposers must invoke any specific exemptions to disclosure provided by law in the response to the RFP and must identify the data or other materials to be protected and must state the reasons why such exclusion from public disclosure is necessary. 939 01113877-1 18 PROHIBITION AGAINST CONTINGENT FEES: The Proposer warrants that he/she has not employed or retained any company or person, other than a bona fide employee working solely for the Proposer, to solicit or secure this Agreement and that the Proposer has not paid, or agreed to pay, any person, company, corporation, individual or firm, other than a bona fide employee working solely for the Proposer, any fee, commission, percentage, gift, or other consideration contingent upon, or resulting from, award or making of this Agreement. For the breach or violation of this provision, the CRA shall have the right to terminate this Agreement at its sole discretion, without liability, and to deduct from the Agreement price, or otherwise recover, the full amount of such fee, commission, percentage, gift or consideration. ACCEPTANCE / REJECTION: The CRA Board reserves the right to accept or reject any or all RFP submittals and to make the award to those Proposers, who in the opinion of the CRA will be in the best interest of and/or the most advantageous to the CRA. The CRA also reserves the right to reject the RFP submittal of any vendor who has previously failed in the proper performance of an award or to deliver on time contracts of a similar nature or who, in the CRA’s opinion, is not in a position to perform properly under this award. The CRA reserves the right to waive any irregularities, informalities, and technicalities and may at its discretion, request a re- procurement. In the event of a Court challenge to an award by any proposer, damages, if any, resulting from a Court award shall be limited to actual proposal preparation costs incurred by the challenging proposer. In no case will the award be made until all necessary investigations have been made into the responsibility of the proposer and the CRA is satisfied that the best responsible proposer is qualified to do the work and has the necessary organization, capital and equipment to carry out the required work within the time specified. ADDITIONAL TERMS AND CONDITIONS: Unless expressly accepted by the CRA, the following conditions shall apply: No additional terms and conditions included with the RFP submittal shall be considered. Any and all such additional terms and conditions shall have no force and effect and are inapplicable to this bid if submitted either purposely through intent or design, or inadvertently appearing separately in transmittal letters, specifications, literature, price lists or warranties. It is understood and agreed that the general and/or any special conditions in these RFP Documents are the only conditions applicable to this RFP submittal and the Proposer's authorized signature on the Proposal Response Form attests to this. Exceptions to the terms and conditions will not be accepted. AFFIRMATION: By submission of an RFP submittal, Proposer affirms that his/her RFP submittal is made without prior understanding, agreement or connection with any corporation, firm, or person submitting a proposal for the same materials, supplies, equipment or services, and is in all respects fair and without collusion or fraud. Proposer agrees to abide by all conditions of this Request for Proposal and the resulting contract. REJECTION OF PROPOSER: More than one RFP submittal from an individual, firm, partnership, corporation, or association under the same or different names shall not be considered. Reasonable grounds for believing that a Proposer is involved in more than one RFP submittal will be cause for rejection of all RFP submittals in which such Proposers are believed to be involved. Any or all RFP submittals will be rejected if there is reason to believe that collusion exists between Proposers. RFP submittals in which the prices obviously are unbalanced will be subject to rejection. 940 01113877-1 19 CONFLICT OF INTEREST: All Proposers must disclose with their proposal the name of any officer, director, or Agent who is also an employee of the CRA. All Proposers must disclose the name of any CRA employee who owns, directly or indirectly, an interest of five percent (5%) or more in the Proposer's firm or any of its branches. GOVERNMENTAL RESTRICTIONS: In the event that any governmental restrictions are imposed which would necessitate alteration of the material quality, workmanship or performance of the items offered on this RFP prior to their delivery, it shall be the responsibility of the Proposer to notify the CRA at once, indicating in his/her letter the specific regulation which required an alteration, including any price adjustments occasioned thereby. The CRA reserves the right to accept such alteration or to cancel the contract at no further expense to the CRA. ADVERTISING: In submitting a proposal, Proposer agrees not to use the results as a part of any commercial advertising, without the express written approval, by the appropriate level of authority within the CRA. AWARD TERM: The Boynton Beach Community Redevelopment Agency is requesting proposals from qualified contractors to provide items and services listed at firm fixed prices on an as needed basis for an initial period of three (3) years, with one (1) renewable for three (3 ) additional years. Both the CRA and the vendor must mutually agree upon renewals in writing. Rates quoted will be for the initial term (first three years), and renewal term (additional three years) and will not be changed based on the guidelines outlined in this bid. (See section on Price Re-determination). PRICE REDETERMINATION: The Contractor may petition CRA for price redetermination within forty-five (45) days of the expiration of each term of the contract. Any price redetermination will include all items awarded. If the CRA and the Contractor cannot agree on any price redetermination, then the contract will expire. RENEWAL: The CRA Finance Director or CRA Executive Director may renew the contract, at the same terms and conditions for one (1) additional three-year period subject to vendor acceptance, satisfactory performance and determination that renewal will be in the best interest of the CRA. TAXES: The CRA is exempt from Federal Excise and State Sales Taxes on direct purchases of tangible personal property. If requested, the CRA Finance Director will provide an exemption certificate to the awarded proposal(s). Vendors/contractors doing business with the CRA shall not be exempted from paying sales tax to their suppliers for materials to fulfill contractual obligations with the CRA nor shall any Vendor/Contractor be authorized to use the CRA's Tax Exemption Number in securing such materials. DISCOUNTS: Cash discounts for prompt payment shall not be considered in determining the lowest net cost for Proposal evaluation purposes. PERMITS / LICENSES / FEES: Any permits, licenses, or fees required for these services shall be paid for and obtained by the Contractor and the responsibility of the Contractor. No separate or additional payment will be made by the CRA. 941 01113877-1 20 EEO STATEMENT: The CRA is committed to assuring equal opportunity in the award of contracts and therefore complies with all laws prohibiting discrimination on the basis of race, color, religion, national origin, age or sex. E-VERIFY: In any agreement resulting from this RFP/RFQ, the proposer will be required to warrant, for itself and its subcontractors, compliance with all federal immigration laws and regulations that relate to their employees. Proposer agrees and acknowledges that the BBCRA is a public employer that is subject to the E-Verify requirements as set forth in Section 448.095, Florida Statutes, and that the provisions of F.S. Sec. 448.095 will apply to such an agreement. 942 01113877-1 21 APPENDIX A BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY REQUEST FOR PROPOSALS FOR FINANCIAL AUDITING SERVICES Required Supplemental Forms 1. Proposer’s Acknowledgment 2. Non-Collusion Affidavit Form 3. Anti-Kickback Affidavit 4. Drug-Free Workplace 5. Sworn Statement on Public Entity Crimes 6. Hold Harmless and Indemnity Agreement 7. Addenda Acknowledgement Form 8. Palm Beach County Inspector General Acknowledgment 9. Certification of Non-Scrutinized Company 10. Anti-Human Trafficking Affidavit Other Forms 11. Insurance Requirements 12. Draft Contract Form 943 01113877-1 22 FORM #1 PROPOSER’S ACKNOWLEDGEMENT Submit Proposals To: Audit Committee The Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4th Floor Boynton Beach, Florida 33435 Telephone: (561) 600-9092 Issue Date: March 21, 2025 RFP Title: THREE YEAR CONTRACT FOR FINANCIAL AUDITING SERVICES RFP Received By: April 21, 2025, NO LATER THAN 3:00 P.M. (LOCAL TIME) RFP may not be withdrawn within ninety (90) days after such date and time. All awards made as a result of this RFP shall conform to applicable sections of the charter and codes of the CRA. Name of Vendor: Federal I.D. Number: A Corporation of the State of: Area Code: Telephone Number: Area Code: FAX Number: Mailing Address: City/State/Zip: Vendor Mailing Date: Name Typed THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 944 01113877-1 23 FORM #2 NON-COLLUSION AFFIDAVIT FORM STATE OF COUNTY OF _________________________________________, being first duly sworn deposes and says that: 1. He/She is the _____, of_______________, the Proposer that has submitted the attached Proposal; 2. He/She is fully informed respecting the preparation and contents of the attached Proposal and of all pertinent circumstances respecting such Proposal; 3. Such Proposal is genuine and is not a collusive or sham Proposal; 4. Neither the said Proposer nor any of its officers, partners, owners, agents, representatives, employees, or parties in interest, including this affidavit, have in any way, colluded, conspired, connived or agreed, directly or indirectly, with any other Proposer, firm or person to submit a collusive or sham Proposal in connection with the Contract for which the attached Proposal has been submitted; or to refrain from bidding in connection with such Contract; or have in any manner, directly or indirectly, sought by agreement or collusion,, or communication, or conference with any Proposer, firm, or person to fix the price or prices in the attached Proposal or of any other Proposer, or to fix any overhead, profit, or cost elements of the Proposal price or the Proposal price of any other Proposer, or to secure through any collusion, conspiracy, connivance, or unlawful agreement any advantage against (Recipient), or any person interested in the proposed Contract; 5. The price or prices quoted in the attached Proposal are fair and proper and are not tainted by any collusion, conspiracy, connivance, or unlawful agreement on the part of the Proposer or any other of its agents, representatives, owners, employees or parties in interest, including this affidavit. By _____________________________ Sworn and subscribed to before me this _____ day of ____________________, 20____, in the State of _____________________, County of ___________________. Personally known to me or produced identification_______________. Notary Public________________________________ My Commission Expires:___________________ THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 945 01113877-1 24 FORM #3 ANTI-KICKBACK AFFIDAVIT STATE OF FLORIDA ) : SS COUNTY OF PALM BEACH ) I, the undersigned hereby duly sworn, depose and say that no portion of the sum herein proposed will be paid to any employees of the CRA as a commission, kickback, reward of gift, directly or indirectly by me or any member of my firm or by an officer of the corporation. By: NAME - SIGNATURE Sworn and subscribed before me this day of , 20 Printed Information: NAME TITLE NOTARY PUBLIC, State of Florida at Large COMPANY “OFFICIAL NOTARY SEAL” STAMP THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 946 01113877-1 25 FORM #4 DRUG-FREE WORK PLACE FORM The undersigned Proposer in accordance with Florida Statute 287.087, hereby certifies that __________________________________ (Name of Business) does: 1. Publish a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance is prohibited in the workplace and specifying the actions that will be taken against employees for violations of such prohibition. 2. Inform employees about the dangers of drug abuse in the workplace, the business'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. Give each employee engaged in providing the commodities or contractual services that are proposed a copy of the statement specified in subsection (1). 4. In the statement specified in subsection (1), notify the employees that, as a condition of working on the commodities or contractual services that are under bid, the employee will abide by the terms of the statement and will notify the employer of any conviction of, or plea of guilty or nolo contendere to, any violation of Chapter 893 or of any controlled substance law of the United States or any state, for a violation occurring in the workplace no later than five (5) days after such conviction. 5. Impose a sanction on, or require the satisfactory participation in a drug abuse assistance or rehabilitation program if such is available in the employee's community, by any employee who is so convicted. 6. Make a good faith effort to continue to maintain a drug-free workplace through implementation of this section. As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements. _______________________________________________________ Signature _______________________________________________________ Print Name and Title THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 947 01113877-1 26 FORM #5 SWORN STATEMENT UNDER SECTION 287.133(3)(A), FLORIDA STATUTES, ON PUBLIC ENTITY CRIMES THIS FORM MUST BE SIGNED IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICER AUTHORIZED TO ADMINISTER OATHS. This sworn statement is submitted to the Boynton Beach Community Redevelopment Agency by ______________________________________________________ (Individual’s name and title) For ______________________________________________________________________________ (Name of entity submitting sworn statement) Whose business address is_________________________________________________________ And (if applicable) its Federal Employer Identification Number (FEIN) is ___________________ (if the entity has no FEIN, include the Social Security Number of the individual signing this sworn statement) 1. I understand that a “public entity crime” as defined in Section 287.133(1)(g), Florida Statutes, means a violation of any State or Federal law by a person with respect to and directly related to the transaction of business with any public entity or with an agency or political subdivision of any other state or with the United States, including, but not limited to, any bid or contract for goods or services to be provided to any public entity or an agency or political subdivision of any other state or a of the United States and involving antitrust, fraud, theft, bribery, collusion, racketeering, conspiracy, or material misrepresentation. 2. I understand that “convicted” or “conviction” as defined in Paragraph 287.133(1)(b), Florida Statutes, means a finding of guilt or a conviction of a public entity crimes, with or without an adjudication of guilt, in any Federal or State trial court of record relating to charges brought by indictment or information after July 1, 1989, as a result of a jury verdict, non-jury trial, or entry of a plea of guilty or nolo contendere. 3. I understand that an “affiliate’ as defined in Section 287.133(1)(a), Florida Statutes, means: A predecessor or successor of a person convicted of a public entity crime: or an entity under the control of any natural person who is active in the management of the entity and how has been convicted of a public entity crime. The term “affiliate” includes those 948 01113877-1 27 officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one (1) person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm’s length agreement, shall be a prima facie case that one person controls another person. A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding thirty-six (36) months shall be considered an affiliate. 4. I understand that a “person” as defined in Section 287.133(1)(e), Florida Statutes, means any natural person or entity organized under the laws of any state or of the United States with the legal power to enter into a binding contract and which bids or applies to bid on contracts for the provision of goods or services let by a public entity, or which otherwise transacts or applies to transact business with a public entity. The term “person” includes those officers, directors, executives, partners, shareholders employees, members, and agents who are active in management of an entity. 5. Based on information and belief, the statement which I have marked below is true in relation to the entity submitting this sworn statement. (You must indicate which statement applies.) __________ Neither the entity submitting this sworn statement, nor any officers, directors, executives, partners, shareholders, employees, members, or agent who is active in management of the entity, nor the affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. __________ The entity submitting this sworn statement, or one or more of the officers, directors, executives, partners, shareholders, employees, members or agents who are active in management of the entity, or an affiliate of the entity, has been charged with and convicted of a public entity crime subsequent to July 1, 1989. __________ The entity submitting this sworn statement, or one or more of the officers, directors, executives, partners, shareholders, employees, members or agents who are active in management of the entity, or an affiliate of the entity, has been charged with and convicted of a public entity crime subsequent to July 1, 1989. However, there has been a subsequent proceeding before an Administrative Law Jury of the State of Florida, Division of Administrative Hearings and the Final Order entered by the Administrative Law Jury determined that it was not in the public interest to place the entity submitting this sworn statement on the convicted vendor list. (You must attach a copy of the final order). 949 01113877-1 28 I UNDERSTAND THAT THE SUBMISSION OF THIS FORM TO THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY IS FOR THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ONLY AND, THAT THIS FORM IS VALID THROUGH DECEMBER 31 OF THE CALENDAR YEAR IN WHICH IT IS FILED. I ALSO UNDERSTAND THAT I AM REQUIRED TO INFORM THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PRIOR TO ENTERING IN TO A CONTRACT IN EXCESS OF THE THRESHOLD AMOUNT PROVIDED IN SECTION 287.017, FLORIDA STATUTES, FOR CATEGORY TWO OF ANY CHANGE IN THE INFORMATION CONTAINED IN THIS FORM. ____________________________________________________________ SIGNATURE ____________________________________________________________ DATE State of ________________________________ County of ______________________________ Personally appeared before me, the undersigned authority, _______________________________________(name of individual signing) who, after first being sworn by me, affixed his/her signature in the space provided above on the ____ day of ___________________, 20 ___. ____________________________________________________________ NOTARY PUBLIC My commission expires: THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 950 01113877-1 29 FORM #6 HOLD HARMLESS AND INDEMNITY AGREEMENT ____________________________, agrees through the signing of this document by an authorized party or agent that it shall defend, indemnify and hold harmless the Boynton Beach Community Redevelopment Agency, and its agents, employees, and public officials from and against all suits, losses, claims, demands, judgments of every name and description arising out of or incidental to the performance of this contract or work performed there under, whether or not due to or caused by the negligence of the Boynton Beach Community Redevelopment Agency, its agents, employees, and public officials excluding only the sole negligence of the Boynton Beach Community Redevelopment Agency, its agents, employees, and Public Officials. This provision shall also pertain to any claims brought against the Boynton Beach Community Redevelopment Agency, its agents, employees, and public officials by an employee of the named Proposer, any Sub-contractor, or anyone directly or indirectly employed by any of them. The Proposer’s obligation to indemnify the Boynton Beach Community Redevelopment Agency, its agents, employees and public officials under this provision shall be limited to $1,000,000 per occurrence which the parties agree bears a reasonable commercial relationship to the contract. The Proposer agrees to accept, and acknowledges as adequate remunerations, the consideration of $10, which is part of the agreed proposal price, the promises contained herein, and other good and valuable consideration, the receipt of which is hereby acknowledged, for agreement to enter into this Hold Harmless and Indemnity Agreement. ________________________________ PROPOSER _______________________________ DATE THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 951 01113877-1 30 FORM #7 ADDENDA ACKNOWLEDGMENT FORM Receipt is hereby acknowledged of the following addenda to this RFP by entering YES or NO in the space provided and indicating date received. Enter “0” if no addenda are issued by the Boynton Beach Community Redevelopment Agency. No. 1 ___________ Date____________ No. 2 ___________ Date____________ No. 3 ___________ Date____________ No. 4 ___________ Date____________ No. 5 ___________ Date____________ No. 6 ___________ Date____________ No. 7 ___________ Date____________ No. 8 ___________ Date____________ THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 952 01113877-1 31 FORM #8 PALM BEACH COUNTY INSPECTOR GENERAL ACKNOWLEDGMENT The Contractor is aware that the Inspector General of Palm Beach County has the authority to investigate and audit matters relating to the negotiation and performance of this contract, and in furtherance thereof may demand and obtain records and testimony from the Contractor and its subcontractors and lower tier subcontractors. The Contractor understands and agrees that in addition to all other remedies and consequences provided by law, the failure of the Contractor or its subcontractors or lower tier subcontractors to fully cooperate with the Inspector General when requested may be deemed by the CRA to be a material breach of this contract justifying its termination. ______________________________ CONTRACTOR NAME By (Signature)____________________________ Print Name_______________________________ Title:____________________________________ Date:____________________________________ THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 953 01113877-1 32 FORM #9 CERTIFICATION OF NON-SCRUTINIZED COMPANY _____________________________, as Auditor, hereby certifies that it is not on the Scrutinized Companies that Boycott Israel List created pursuant to Section 215.4725, Florida Statutes, and is not engaged in a boycott of Israel. If the CRA determines that this certification is falsified or contains false statements, or that Auditor is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the execution of the Agreement, the CRA may terminate the Agreement. ___________________________ Auditor Name By: ____________________________ Authorized Auditor Representative Title:_____________________ 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) 954 01113877-1 33 Form #10 ANTI-HUMAN TRAFFICKING AFFIDAVIT I ________________________________________ (insert name) as _______________________ (insert title) on behalf of _________________________________________________________ (insert entity name) under penalty of perjury hereby attest as follows: 1. I am over 18 years of age and have personal knowledge of the matters set forth in this affidavit. 2. _________________________________ (insert entity name) does not use coercion for labor or services as defined in s. 787.06(2)(a), Florida Statutes. 3. More particularly, __________________________________ (insert entity name) does not engage in any of the following actions in connection with providing labor or services: a. Using or threatening to use physical force against any person; b. Restraining, isolating or confining or threatening to restrain, isolate or confine any person without lawful authority and against her or his will; c. Using lending or other credit methods to establish a debt by any person when labor or services are pledged as a security for the debt, if the value of the labor or services as reasonably assessed is not applied toward the liquidation of the debtor the length and nature of the labor or services are not respectively limited and defined; d. Destroying, concealing, removing, confiscating, withholding, or possessing any actual or purported passport, visa, or other immigration document, or any other actual or purported government identification document, of any person; 4868-8569- 4167, v. 1 e. Causing or threatening to cause financial harm to any person; f. Enticing or luring any person by fraud or deceit; or g. Providing a controlled substance as outlined in Schedule I or Schedule II of s. 893.03, Florida Statutes to any person for the purpose of exploitation of that person. FURTHER AFFIANT SAYETH NAUGHT 955 01113877-1 34 By: Print name: Title: Date: STATE OF ) COUNTY OF ) The foregoing instrument was acknowledged before me by means of___ physical presence or ___ online notarization, this day of , 20__ on behalf of by its. He/she is personally known to me or has produced _______________________________ as identification and did ( ) did not ( ) take an oath. [Seal] NOTARY PUBLIC THIS FORM MUST BE COMPLETED AND RETURNED WITH YOUR SUBMITTAL 956 01113877-1 35 FORM #11 INSURANCE REQUIREMENTS I. General Liability The CPA Firm agrees to provide comprehensive General Liability Insurance for the benefit of the CRA with combined single limits of $1,000,000 per occurrence, for Bodily Injury and Property Damage Liability. Coverage must be afforded on a form no more restrictive than the latest edition of the Comprehensive General Liability Policy, without restrictive endorsements, as follows and shall include: Premises or Operation; Independent Contractors; Broad Form Property Damage; Broad Form Contractual Coverage applicable to this specific Agreement, including any hold harmless or indemnification agreement; and Personal Injury Coverage with Employee and Contractual Exclusions removed with minimum limits of coverage equal to those required for Bodily Injury liability and Property Damage Liability. The CRA and the City of Boynton Beach are to be included as “Additional Insured” with respect to liability arising out of services performed for the CPA by or on behalf of the CRA or acts or omissions of the CPA Firm in connection with such services. II. Professional Liability The CPA Firm agrees to provide professional liability insurance for the benefit of the CRA with combined single limits of $1,000,000 per claim and which insures against errors and omissions by the CPA Firm, its subcontractors and other professionals. III. Worker’s Compensation The CPA Firm agrees to provide Worker’s Compensation and Employer’s Liability Insurance for the benefit of the CPA Firm’s employees, if required by law. IV. Indemnification In performing its services hereunder, the CPA Firms will use that degree of care and skill ordinarily exercised, under similar circumstances, by reputable members of its profession practicing in the same or similar locality at the time the services are provided. It is agreed that the CPA Firm is not a fiduciary of the CRA. The CPA Firm and its officers, directors, employees, agents, consultants and sub contractors shall indemnify and hold harmless the CRA or anyone claiming by, through or under the CRA or third parties, for any and all claims, losses, costs or damages whatsoever arising out of, resulting from or in any way related to the services under this agreement from any cause or causes, including but not limited to, the negligence, 957 01113877-1 36 professional errors or omissions, strict liability or breach of contract or any warranty, express or implied. V. Automobile Liability The CPA FIRM agrees to provide automobile liability insurance covering all owned, hired and non-owned automobile equipment. Limits: Bodily Injury - $100,000 each person $300,000 each occurrence Property Damage - $ 50,000 each occurrence VI. Certificates of Insurance Before commencing performance of this contract, the CPA FIRM shall furnish the CRA with a duplicate Certificate of Insurance for the required insurance as specified above, which shall contain the following: A) Name of insurance carrier(s). B) Effective and expiration dates of policies. C) Thirty (30) days written notice by carrier of any cancellation or material change in any policy. D) Certificates of Insurance stating that the interests of the CRA are included as an additional named insured and specifying the Project. Such insurance shall apply despite any insurance which the CRA may carry in its own name. VII. Subcontractor Insurance The CPA FIRM is advised to require all of its subcontractors to provide the aforementioned coverage as well as any other overages that the CPA FIRM may consider necessary, and any deficiency in the overages or policy limits of any subcontractors will be the sole responsibility of the CPA FIRM. 958 01113877-1 37 FORM #12 DRAFT CONTRACT FOR FINANCIAL AUDITING SERVICES THIS AGREEMENT, entered into this ______ day of ____________, between the Boynton Beach Community Redevelopment Agency (“CRA”) hereinafter referred to as the "CRA", and NAME OF COMPANY, a Florida Corporation, authorized to do business in the State of Florida, hereinafter referred to as the "AUDITOR”. 1. SCOPE OF WORK AND AUDITING STANDARDS: (a) The AUDITOR will audit the CRA's basic financial statements in accordance with generally accepted auditing standards, Section 11.45, Florida Statutes, and Chapter 10.550 of the rules of the Auditor General. (b) The scope of the audit shall include all funds of the CRA and all audits now required by State and Federal authorities. (c) The financial and compliance audits shall be in accordance with all State and Federal laws and regulations relating to audit standards, requirements and guidelines. (d) Any other applicable rules, Federal, State, local regulations, other requirements governing Community Redevelopment Agencies created pursuant to Chapter 163 of the Florida statutes, or professional guidance not specifically listed above as well as any additional requirements that may be adopted by these organizations in the future. 2. TERM: The term of the agreement shall be for the period of three (3) years to cover the fiscal years September 30, 2025, September 30, 2026, September 30, 2027, with one three (3) year renewal option for the fiscal years September 30, 2028, September 30, 2029 and September 30, 2030, at the same terms, conditions, and prices, subject to vendor acceptance, satisfactory performance and determination that renewal will be in the best interest of the CRA. 3. TIMING OF THE WORK: (a) AUDITOR shall use reasonable efforts, subject to laws, regulations and professional standards applicable to complete the services required in accordance with dates to assure completion of the CRA’s financial statements by no later than December 31st of each calendar year. (b) CRA understands that the proper and timely completion of AUDITOR'S services hereunder require the reasonable cooperation of CRA, its agencies, and their respective officers, directors, employees, other personnel and agents. CRA agrees to provide all such reasonable cooperation requested by AUDITOR and agrees to be responsible for the performance of the management, employees, other personnel and agents of the CRA and its agencies. Failure to provide the assistance agreed to by the AUDITOR and CRA at the 959 01113877-1 38 commencement of or during audit field work shall be cause for extension of deadlines and/or additional compensation to the AUDITOR at the average hourly rate stipulated in the contract. (c) AUDITOR may make reasonable use of CRA data processing facilities to perform testing and sampling techniques in connection with the audit, with the realization that data personnel must be given consideration to effectively perform day-to-day requirements. 4. COMPENSATION: (a) Compensation for the audits, as defined in Section 1, shall be as follows: FYE 09/30/2025 Audit $0.00 FYE 09/30/2026 Audit $0.00 FYE 09/30/2027 Audit $0.00 FYE 09/30/2028 Audit $0.00 FYE 09/30/2029 Audit $0.00 FYR 09/30/2030 Audit $0.00 (b) AUDITOR will invoice the CRA for work performed under this agreement for Fiscal Year 2025 and each succeeding year on the basis of the percentage of the work completed. It is expressly understood that any incidental or out-of-pocket costs incurred by AUDITOR are covered by the total compensation and are not to be billed separately. (c) Invoices received from the AUDITOR pursuant to this agreement will be reviewed and approved by the Finance Department, indicating that services have been rendered in conformity with the agreement. 5. CHANGES IN SERVICES: CRA and AUDITOR recognize that the scope of services and compensation under this agreement are predicated upon current audit requirements imposed by laws, regulations and professional standards relating to such services. CRA and AUDITOR further recognize that the scope of services and compensation under this agreement are predicated upon expectations of reasonable cooperation with AUDITOR by CRA pursuant to this agreement, and the absence of any irregularities or extraordinary circumstances which might necessitate the extension of audit services beyond the normal scope of auditing services. Should irregularities, the absence of such reasonable cooperation, increase in the level of services required under applicable law, regulations or professional standards, or other unforeseen conditions be encountered which might necessitate the extension of auditing work beyond the scope of normal auditing procedures, AUDITOR agrees to advise CRA promptly in writing of the circumstances and to request an equitable adjustment in the maximum fee before significant additional time is incurred by AUDITOR. Any such requests for adjustments shall be in writing and shall contain a detailed explanation of why the adjustments are necessary. 960 01113877-1 39 CRA and AUDITOR agree to negotiate in good faith to determine an equitable adjustment in the maximum fee. Should CRA and AUDITOR be unable to agree upon an equitable adjustment within fourteen (14) days of AUDITOR'S written request, or such other tie period as agreed upon in writing by CRA and AUDITOR, either party may, notwithstanding any other provision in the agreement, terminate this agreement upon seven (7) days notice to the other party. CRA shall be liable for time charges actually incurred by AUDITOR except for any such additional time which has been included as a result of the circumstances necessitating adjustment. 6. ADDITIONAL SERVICES: In the event that the CRA and AUDITOR mutually agree that AUDITOR will provide additional services, the terms and total fee will be negotiated separately for each proposed project. 7. CONSULTATION WITH AUDITOR GENERAL AND COGNIZANT AGENCY: CRA expressly permits AUDITOR to consult with the Auditor General of the State of Florida and the federally designated "Cognizant Agency" on any matter pertaining to the Audit which, in the judgment of the AUDITOR, would be important to the conduct of its audit or its report on the results hereof. 8. FIELD WORK: For the first year of the engagement, planning of the audit field work should commence immediately after the execution of this agreement. AUDITOR shall use reasonable efforts, subject to laws, regulations and professional standards applicable to the services hereunder to complete the field work at such time necessary to meet the timing requirements. 9. PREPARATION OF FINANCIAL STATEMENTS: (a) The statements to be audited will be prepared by the CRA in accordance with generally accepted accounting principles. AUDITOR will submit any proposed adjusting journal entries to the Financial Director or designee for approval in a timely manner. (b) CRA understands and agrees that the underlying books and records of CRA must be properly closed to maintain the independence of the AUDITOR and allow the AUDITOR reasonable time to meet the completion dates of the audit. 10. SUPPORT PERSONNEL: Throughout the audit engagement, support personnel will be made available by CRA to provide assistance for tasks, such as identifying locations of required records and documentation and gathering needed records and supporting information, with the 961 01113877-1 40 realization that support personnel must be given consideration to effectively perform day- to-day requirements. 11. CANCELLATION OF AGREEMENT: Either CRA or AUDITOR may cancel this agreement for fiscal years subsequent to the first year of this agreement by written notice to the other party given not later than seven (7) calendar months (February 28) prior to the end of the fiscal year next subject to audit. The parties agree that such cancellation on its part shall be only for cause and after appropriate discussion with the other party. Notwithstanding the foregoing paragraph of this section, AUDITOR may resign or CRA may terminate AUDITOR as CRA's auditor and terminate this agreement at any time, for any reason, or no reason, as required in accordance with the laws, regulations and professional standards applicable to the type of services provided under this agreement. 12. EXCUSABLE DELAYS: The AUDITOR shall not be considered in default by reason of any failure in performance if such failure arises out of causes reasonably beyond the AUDITOR's control and without its fault or negligence. Such causes may include but are not limited to: acts of God; the CRA'S omissive and cornmissive failure; natural or public health emergencies; labor dispute; and severe weather conditions. 13. NON-DISCRIMINATION: The AUDITOR warrants and represents that all of its employees are treated equally during employment without regard to race, color, religion, sex, age, or national origin 14. INDEPENDENT CONSULTANT RELATIONSHIP: The AUDITOR is, and shall be, in the performance of all work services and activities under this agreement, an Independent Contractor, and not an employee, agent, or servant of the CRA. All persons engaged in any of the work or services performed pursuant to this agreement shall, at all times and in all places, be subject to the AUDITOR'S sole direction, supervision and control. The AUDITOR shall exercise control over the means and manner in which it and its employees perform the work, and in all respects, the AUDITOR's relationship and the relationship of its employees to the CRA shall be that of an Independent Contractor and not as employees or agents of the CRA. The AUDITOR does not have the power or authority to bind the CRA in any promise, agreement or representation other than specifically provided for in this agreement. 962 01113877-1 41 15. SEVERABILITY: If any term or provision of this agreement, or the application thereof to any person or circumstance shall, to any extent, be held invalid or unenforceable, the remainder of this agreement or the application of such terms or provisions, to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected, and every other term and provision of this agreement shall be deemed valid and enforceable to the extent permitted by law. 16. ENTIRETY OF CONTRACTUAL AGREEMENT: The CRA and the AUDITOR 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. 17. AMENDMENTS AND MODIFICATIONS: No amendments and/or modifications of this agreement shall be valid unless in writing and signed by each of the parties. 18. NOTICE: All notices required in this agreement shall be considered delivered when received by certified mail, return receipt requested, or personal delivery and if sent to the CRA, shall be mailed to: Tim Tack, Acting Executive Director The Boynton Beach CRA 100 E Ocean Avenue, 4th Floor Boynton Beach, FL 33435 and if sent to the AUDITOR, shall be mailed to: Firm Contact Address 19. PUBLIC RECORDS; WORKING PAPERS: The CRA is a public agency subject to Chapter 119, Florida Statutes. The Auditor shall comply with Florida’s Public Records Law. Specifically, the Auditor shall: a. Keep and maintain public records required by the CRA to perform the Auditor Services described in this Agreement. 963 01113877-1 42 b. Upon request from the CRA’s custodian of public records, provide the CRA with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law. c. Ensure that public records that are exempt or confidential and exempt from public record requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if the Auditor does not transfer the records to the CRA. d. Upon completion of the contract, transfer, at no cost, to the CRA all public records in possession of the Auditor or keep and maintain public records required by the CRA to perform the service. If the Auditor transfers all public records to the CRA upon completion of the contract, the Auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the Auditor keeps and maintains public records upon completion of the contract, the Auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the CRA, upon request from the CRA’s custodian of public records, in a format that is compatible with the information technology systems of the CRA. The Auditor also understands that CRA may disclose any document in connection with performance of this Agreement, so long as the document is not exempt or confidential and exempt from public records requirements. IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561) 600-9090; 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435; or hillv@bbfl.us. All working papers and reports must be retained, at the auditor’s expense, for a period of three (3) years after completion of any work provided herein, unless the firm is notified in writing by the CRA of the need to extend the retention period. CRA management and their representatives shall be entitled at any time during the contract period to inspect and reproduce such documents as deemed necessary. Upon request, working papers will also be made available to the following entities or their designees: City of Boynton Beach; Palm Beach County Board of Commissioners; parties designed by the federal or state governments or by the CRA as part of an audit quality review process. In addition, the firm shall respond to the reasonable inquiries of successor auditors and financial consultants to the CRA and allow successor auditors and financial consultants to the CRA to review working papers relating to matters of continuing accounting significance. As requests for copies of working papers are fulfilled, the auditors will be required to notify the CRA Finance Director of the request, as appropriate. 964 01113877-1 43 20. INDEMNIFICATION: AUDITOR shall indemnify, defend and hold harmless the CRA, its offices, agents and employees, from and against any and all claims, losses or liability, or any portion thereof, including attorneys fees and costs, arising from injury or death to persons, including injuries, sickness, disease or death to AUDITOR's own employees, or damage to property occasioned by a negligent act, omission or failure of the AUDITOR during the time period this contract is in effect. Nothing in this Agreement shall be deemed to affect the rights, privileges, and sovereign immunities of the CRA as set forth in Section 768.28, Florida Statutes nor construed to require AUDITOR to indemnify the CRA for CRA’s own negligence, or intentional acts of the CRA, its agents or employees, when such agents or employees are acting within the course and scope of their agency or employment, as applicable. 21. INSURANCE: The AUDITOR shall obtain all insurance required by the CRA as shown as Form #9 of the Request for Proposal which becomes a part of this agreement. The insurance must remain in force throughout the terms of this agreement. 22. LICENSES, REGISTRATION, AND CERTIFICATES. AUDITOR shall possess throughout the term of this agreement all licenses, registrations and certificates necessary to engage in the business of providing the services under this agreement. During the term of this agreement, AUDITOR shall notify the CRA immediately of any investigatory or disciplinary action pending before its licensing or certifying board. 23. SEVERABILITY: If any clause or provision of this Agreement is found illegal, invalid or unenforceable under present or future laws effective during the Term of this Agreement , then and only in that event, it shall be the intention of the parties that the remainder of this Agreement, and the Term covered thereby, shall not be affected. All rights, powers and privileges conferred by this Agreement upon the parties shall be cumulative but not restricted to those given by law. 24. ASSIGNABILITY: The AUDITOR shall not assign, sublet, or transfer his interest in this Agreement without the written agreement of the CRA. 25. GOVERNING LAW AND VENUE: The validity of this Agreement and of any of its terms or provisions, as well as the rights and duties of the parties hereunder, shall be governed by the laws of the State of Florida. 965 01113877-1 44 Any action involving matters or disputes arising under this Agreement shall be brought exclusively in Palm Beach County, Florida. 26. EFFECTIVE DATE: This Agreement shall be effective upon execution by both parties. 27. INCORPORATION BY REFERENCE: The documents listed below are a part of this Agreement and are hereby incorporated by reference, as though fully set forth herein. In the event of inconsistency between the documents, unless otherwise provided herein, the terms of the following documents will govern in the following order of precedence: 1. Terms and conditions as contained in this Agreement. 2. Terms and conditions contained in this RFP. 3. Contractor’s response to this RFP and any subsequent information submitted by AUDITOR during the evaluation and negotiation process. WHEREFORE, the parties have signed this agreement on the date first above written. BOYNTON BEACH COMMUNITY NAME OF AUDITOR FIRM REDEVELOPMENT AGENCY ________________________________ _______________________________ By: Tim Tack, Acting Executive Director By: ___________________, Partner Approved as to Form: ______________________ Office of the CRA Attorney 966 Select Year: 2024 Go The 2024 Florida Statutes Title XIV TAXATION AND FINANCE Chapter 218 FINANCIAL MATTERS PERTAINING TO POLITICAL SUBDIVISIONS View Entire Chapter 218.391 Auditor selection procedures.— (1) Each local governmental entity, district school board, charter school, or charter technical career center, prior to entering into a written contract pursuant to subsection (7), except as provided in subsection (8), shall use auditor selection procedures when selecting an auditor to conduct the annual financial audit required in s. 218.39. (2) The governing body of a county, municipality, special district, district school board, charter school, or charter technical career center shall establish an auditor selection committee. (a) The auditor selection committee for a county must, at a minimum, consist of each of the county officers elected pursuant to the county charter or s. 1(d), Art. VIII of the State Constitution or their respective designees and one member of the board of county commissioners or its designee. (b) The auditor selection committee for a municipality, special district, district school board, charter school, or charter technical career center must consist of at least three members. One member of the auditor selection committee must be a member of the governing body of an entity specified in this paragraph, who shall serve as the chair of the committee. (c) An employee, a chief executive officer, or a chief financial officer of the county, municipality, special district, district school board, charter school, or charter technical career center may not serve as a member of an auditor selection committee established under this subsection; however, an employee, a chief executive officer, or a chief financial officer of the county, municipality, special district, district school board, charter school, or charter technical career center may serve in an advisory capacity. (d) The primary purpose of the auditor selection committee is to assist the governing body in selecting an auditor to conduct the annual financial audit required in s. 218.39; however, the committee may serve other audit oversight purposes as determined by the entity’s governing body. The public may not be excluded from the proceedings under this section. (3) The auditor selection committee shall: (a) Establish factors to use for the evaluation of audit services to be provided by a certified public accounting firm duly licensed under chapter 473 and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy. Such factors shall include, but are not limited to, ability of personnel, experience, ability to furnish the required services, and such other factors as may be determined by the committee to be applicable to its particular requirements. (b) Publicly announce requests for proposals. Public announcements must include, at a minimum, a brief description of the audit and indicate how interested firms can apply for consideration. (c) Provide interested firms with a request for proposal. The request for proposal shall include information on how proposals are to be evaluated and such other information the committee determines is necessary for the firm to prepare a proposal. (d) Evaluate proposals provided by qualified firms. If compensation is one of the factors established pursuant to paragraph (a), it shall not be the sole or predominant factor used to evaluate proposals. (e) Rank and recommend in order of preference no fewer than three firms deemed to be the most highly qualified to perform the required services after considering the factors established pursuant to paragraph (a). If 24/02/2025, 15:28 Statutes & Constitution :View Statutes : Online Sunshine www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0200-0299/0218/Sections/0218.391.html 1/2967 fewer than three firms respond to the request for proposal, the committee shall recommend such firms as it deems to be the most highly qualified. (4) The governing body shall inquire of qualified firms as to the basis of compensation, select one of the firms recommended by the auditor selection committee, and negotiate a contract, using one of the following methods: (a) If compensation is not one of the factors established pursuant to paragraph (3)(a) and not used to evaluate firms pursuant to paragraph (3)(e), the governing body shall negotiate a contract with the firm ranked first. If the governing body is unable to negotiate a satisfactory contract with that firm, negotiations with that firm shall be formally terminated, and the governing body shall then undertake negotiations with the second-ranked firm. Failing accord with the second-ranked firm, negotiations shall then be terminated with that firm and undertaken with the third-ranked firm. Negotiations with the other ranked firms shall be undertaken in the same manner. The governing body, in negotiating with firms, may reopen formal negotiations with any one of the three top-ranked firms, but it may not negotiate with more than one firm at a time. (b) If compensation is one of the factors established pursuant to paragraph (3)(a) and used in the evaluation of proposals pursuant to paragraph (3)(d), the governing body shall select the highest-ranked qualified firm or must document in its public records the reason for not selecting the highest-ranked qualified firm. (c) The governing body may select a firm recommended by the audit committee and negotiate a contract with one of the recommended firms using an appropriate alternative negotiation method for which compensation is not the sole or predominant factor used to select the firm. (d) In negotiations with firms under this section, the governing body may allow a designee to conduct negotiations on its behalf. (5) The method used by the governing body to select a firm recommended by the audit committee and negotiate a contract with such firm must ensure that the agreed-upon compensation is reasonable to satisfy the requirements of s. 218.39 and the needs of the governing body. (6) If the governing body is unable to negotiate a satisfactory contract with any of the recommended firms, the committee shall recommend additional firms, and negotiations shall continue in accordance with this section until an agreement is reached. (7) Every procurement of audit services shall be evidenced by a written contract embodying all provisions and conditions of the procurement of such services. For purposes of this section, an engagement letter signed and executed by both parties shall constitute a written contract. The written contract shall, at a minimum, include the following: (a) A provision specifying the services to be provided and fees or other compensation for such services. (b) A provision requiring that invoices for fees or other compensation be submitted in sufficient detail to demonstrate compliance with the terms of the contract. (c) A provision specifying the contract period, including renewals, and conditions under which the contract may be terminated or renewed. (8) Written contracts entered into pursuant to subsection (7) may be renewed. Such renewals may be done without the use of the auditor selection procedures provided in this section. Renewal of a contract shall be in writing. (9) If the entity fails to select the auditor in accordance with the requirements of subsections (3)-(6), the entity must again perform the auditor selection process in accordance with this section to select an auditor to conduct audits for subsequent fiscal years. History.—s. 65, ch. 2001-266; s. 1, ch. 2005-32; s. 15, ch. 2019-15. Copyright © 1995-2025 The Florida Legislature • Privacy Statement • Contact Us 24/02/2025, 15:28 Statutes & Constitution :View Statutes : Online Sunshine www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0200-0299/0218/Sections/0218.391.html 2/2968 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 NEW BUSINESS AGENDA ITEM 15.C SUBJECT: Discussion and Consideration of the CRA Owned Property Located at 211 E. Ocean Avenue SUMMARY: At the February 11, 2025 meeting, during the Board's discussion of the Fiscal Year 2024-2025 Budget Amendment for the Unreserved Fund Balance, the Board made a motion to allocate funding for the future adaptive reuse of historic properties, especially for the future redevelopment of the CRA owned property located at 211 E. Ocean Avenue (see Attachment I). The Board directed staff to began evaluating the current condition of the property and bring it back to the Board for further discussion. BACKGROUND: The CRA acquired the property in 2007 for $850,000. In 2013, the structure, known as the Magnuson House received a local historic designation by the City Commission. The property was initially purchased in 2007 with the intent to rehab the house for the future CRA offices. The CRA worked with REG Architects Inc. to provide construction documents to convert it to an office. Between 2007 and 2011, several consultants provided construction cost estimates ranging from $646,000 to $949,267 for adaptive reuses varying from professional offices, smaller restaurant uses and larger restaurant uses (see Attachment II). There were also several failed Requests for Proposals and/or Letters of Intents with terminated Purchase and Development Agreements throughout the CRA's ownership. In January 2022, during the negotiations for a Purchase and Development Agreement, the Board voted 4-1 in favor of removing the historical designation if it allowed more flexibility for redevelopment options for the site (see Attachment III). In November 2024, CRA staff received a Limited Structural Assessment from Pennoni, a local engineering firm (see Attachment IV). Because the property is located in the Cultural District within the CRA Plan, the future land use was changed from multi-family residential to Mixed-Use Medium. An overlay for Ocean Avenue was established that requires the following: Ocean Avenue will be designed to have a streetwall (building faces) abutting the pedestrian zone 969 •Attachment I - Location Map •Attachment II - Overview of Assessments •Attachment III - January 2022 Board Meeting Minutes •Attachment IV - Limited Structural Assessment Active commercial uses shall be required on the street frontage of Ocean Avenue Structures along Ocean Avenue shall be designed to the pedestrian scale and have a maximum height of 35’, consistent for a depth of a minimum of 30’ Maximize glazing on first floors Require street canopy trees Public spaces such as plazas or greens shall be created as part of each project Staff is seeking the Board's direction on the next steps for the future redevelopment of the property. FISCAL IMPACT: FY2024-2025, Project Fund, Line Item 02-58200-406; Adaptive Reuse for Historic Properties; $300,000 CRA PLAN/PROJECT/PROGRAM: 2016 CRA Community Redevelopment Plan CRA BOARD OPTIONS: To be determined based on Board direction. ATTACHMENTS: Description 970 Reset Select Language ▼ Search by Address, Owner, or PCN Return Property Info Layers Tools & Reports Help View Property Record Print BOYNTON BEACH CRA LOCATION 211 E OCEAN AVE MUNICIPALITY BOYNTON BEACH PARCEL NO. 08-43-45-28-03-004-0130 SUBDIVISION BOYNTON TOWN OF BOOK/PAGE 30053/1135 SALE DATE 08/03/2018 MAILING ADDRESS 100 E OCEAN AVE FL 4 BOYNTON BEACH FL 33435 4515 USE TYPE 2100 - RESTAURANT TOTAL SQUARE FEET 1736 OWNERS PROPERTY DETAIL SALES INFORMATION v.1.4a 3/11/25, 3:23 PM PAPA Countywide Map https://gis.pbcgov.org/papagis/papa.html#1/1971 Relocation Date Cost Notes: Modern Movers 10/28/2018 78,000.00$ Relocate from 211 E. Ocean Avenue to Cottage District Site Consultant Date Cost Notes: Pennoni 11/5/2024 3,500.00$ Provide structural assessment of its current status Consultant Date Cost Notes: REG Architects Inc. - Work Oder 1.2 1/2/2007 55,000.00$ Provide construction documents to convert to an office use REG Architects Inc. - Work Order 1.1 7/18/2007 22,000.00$ Feasibility Study to convert into an office use Hendrick Brothers Construction 4/28/2008 22,000.00$ Pre-construction services REG Architects Inc. - Work Order 1.3 6/12/2008 29,500.00$ Conceptual Site Plan and small scall FLUA Amendment REG Architects Inc. - Work Order 1.2 Revised 6/27/2008 64,000.00$ Revised Scope of Work to include an elevator and include a 1,000 sqft 2- story addition REG Architects Inc. - Work Order 1.3 2/10/2009 5,900.00$ Hire Conkling and Lewis Construction Inc to provide schedule of values REG Architects Ins. - Adaptive Reuse 4/4/2011 6,000.00$ Feasibility Study and Conceptual Design for Restaurant Use Kaufman Lynn 4/7/2011 6,580.00$ Pre-construction services: provide line item cost budget and review overall space Consultant Date Option 1 Option 2 Option 3 Notes: REG Architects Inc. 12/6/2007 646,073.00$ 849,094.00$ -$ Add an additional $120K for an elevator REG Architects Inc. 3/19/2008 992,843.00$ -$ Revised to add 500 sqft addition REG Architects Inc. 5/18/2009 903,527.00$ -$ -$ Provided Conkling and Lewis Construction Inc. contracted by REG Architects Conkling & Lewis Construction Inc. 849,895.00$ -$ -$ Revised budget per REG contract on 5/18/2009 REG Architects Inc. 5/4/2010 349,375.00$ 805,235.00$ -$ Option 1: Existing Building with minor work for retail conversion Option 2: Existing building with minor 1-soty addition for restaurant conversion Kaufman Lynn 2/1/2010 820,180.00$ -$ -$ Budget for an office use Kaufman Lynn 2/18/2010 823,236.00$ -$ -$ REG Architects Inc. 5/17/2011 776,400.00$ 758,250.00$ 635,300.00$ Option 1: Restaurant with second floor build-out (116 seats inside) Option 2: Reduced size restaurant (88 seats inside) Option 3: Reduced size restaurant with deck (52 seats inside) Kaufman Lynn 6/7/2011 949,267.00$ 858,782.00$ 838,424.00$ No definition for each option Kaufman Lynn 6/9/2011 892,799.00$ 811,531.00$ 800,857.00$ No definition for each option DESIGN RELOCATION STRUCTURAL ASSESSMENT CONSTRUCTION COST ESTIMATES 972 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida January 10, 2022 shocked. He explained maybe he made the right or wrong decision, but all his life with his crew and team, he tells them to try to live a life you want and help people to have a better life. After hearing what he heard, he is happy. Azur is out. They have never thought about flipping a property. He implored all to be serious. Making money was not what this project was about, it was for the people and community. The development is serious and about people. He commented he was not going on trial here. He thought plenty of developers would come to the City and they did not need one more project. Their plate is full, and they only need one more project that serves the community. He wished the Board luck. He explained it will be tough for his team to withdraw, but it was the first time he was doing so. He will have a special meeting of the group with all the members. He was sorry for Mr. Gotsman and Ms. Shutt and the Board members, but this was not the way he works. When he helps people in Pompano Beach, he does not ask for anything back, just respect, and tonight had a very disrespectful approach. He thanked the Board for their support and reiterated the project is done . Attorney Duhy recommended either approving the development agreement with amendments or terminate negotiations with Azur Development and terminate the RFP . Chair Grant noted the developer terminated the agreement first and questioned if the Board still needed to make the motion and learned they did . Motion Board Member Katz moved to terminate negotiations with the developer. Vice Chair Hay seconded the motion . The motion passed 3-2 (Chair Grant and Board Member Rome/us dissenting.) E. Discussion and Consideration of a Purchase and Development Agreement with 211 E Ocean LLC for CRA-Owned Property Located at 211 E. Ocean Avenue Ms. Shutt presented the item and advised Mr. Barber is working on getting the Board the needed information. Board Member Katz asked if there was any additional information about shipping containers. Ms. Shutt responded the last meeting with Mr. Barber and staff was very positive based on the site and historical aspects. They are in favor as long as Code requirements are met. She did not think there would be any objections, which she could get in writing from the Development Department and any other items that may be detrimental to the concept. Board Member Katz commented he appreciated a real time update. He also noted there was a request to remove the historic designation and advised he felt it was not historic. Even the local designation was created primarily for the pursuit of funds for restoration and designation. In order to remove the historic designation, it would have to go to the City Commission and Board Member Katz requested they ask the City Commission to remove it. Ms. Shutt stated aesthetically it is not a big proposal to change. Board Member Romelus supported changing the designation. Currently, the outdoor dining room has to have an outdoor design and porch area and they need to restrict some of the new improvements 16 973 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida January 10, 2022 behind the building. The building would be restored, but needed to meet Code. Chair Grant did not want the Board want to remove the designation. Motion Board Member Katz moved to pursue removal of the historic designation. Board Member Romelus seconded the motion. Mike Rumpf, liaison to the Historic Resource Preservation Board, commented designation is not a stumbling block to development. Chair Grant commented if they remove the designation and sell it to someone else, they can change their mind and tear it down. Mr. Rumpf agreed. The review process has a recommendation from the Board . Vote The motion passed 4-1, (Chair Grant dissenting.) F. Discussion and Consideration of a Request from South Florida Marine to Amend the Purchase and Development Agreement Ms. Shutt presented the item. There is $50,800 to be used for job creation, amounting to 12 full-time or 24 part-time jobs or a combination thereof, Ms. Woods requested staff bring it up to the Board to draw some of the funds down. (Board Member Rome/us left the dais at 8:05p.m.) Ms. Shutt explained South Florida Marine is finding they are having a hard time hiring employees. Chair Grant would give another extension as COVID impacted businesses, but he did not think they should do so for private businesses. Mr. Woods has been on Linked In, Facebook, and South Tech trying to recruit new employees to the dealership. They are a drug-free employer and some employees do not show up. Their employees are working over-time and it is difficult. They had previously received a one-year extension to November 2022. Board Member Katz was not opposed to granting an extension if it appears the next 1 0 months would not yield any new hires. He does not support deviating from the original use to create jobs and did not feel he needed to weigh in on it. He did not support the request at this time. There are specific things in the agreement they have to maintain. (Board Member Rome/us returned to the dais at 8:11p.m.) Chair Grant noted it was a reimbursement grant so as soon as they have someone working there for what the term states, they can apply for the money based on that information being given to the CRA. Ms. Shutt did not see in the current agreement the 17 974 100 E. Ocean Avenue Boynton Beach, FL 33435 Limited Structural Assessment DRAFT Report BBCRA24001 November 5, 2024 Submitted To: Boynton Beach Community Redevelopment Agency Theresa Utterback | Development Services Manager 100 E. Ocean Ave. Boynton Beach, FL 33435 Christopher Lee, PE, FBRSE, SI Structural Division Manager FL Licensed Professional Engineer 73264 This item has been electronically signed and sealed by Christopher Lee using a Digital Signature and date. Printed copies of this document are not considered signed and sealed and the signature must be verified on any electronic copies. 975 220 Congress Park Drive, Suite 232 T 561-265-6864 www.pennoni.com Delray Beach, FL 33445 Page 1 of 2 November 5, 2024 BBCRA24001 Boynton Beach Community Redevelopment Agency Theresa Utterback | Development Services Manager 100E Ocean Ave. Boynton Beach, FL 33435 RE: STRUCTURAL CONDITION ASSESSMENT DRAFT REPORT 211 EAST OCEAN AVENUE, BOYNTON BEACH, FL 33435 Dear Mrs. Utterback: The following report summarizes limited structural condition assessment of above referenced building as performed by Pennoni Associates Inc. (Pennoni). SCOPE OF WORK The scope of work includes the observation and evaluation of the existing building structure at the address referenced above. A site visit was conducted on October 30, 2024, to identify observable and accessible structural deficiencies or conditions that may require repair. This assessment was limited to visual observations of exposed and accessible parts of the building. Observations of structural members were made from accessible areas in the roof attic and from exposed structural elements in the building's interior and exterior. Per the owner's representative reported to the Pennoni, the building has not been occupied residentially since 2007 and is currently used as storage without air conditioning. The owner's representative indicated that no structural plans are available. This report includes a discussion of the observations, analysis, conclusions, and recommendations resulting from the assessment. The following appendices are included: Appendix A: Structural Summary Table Appendix B: Structural Photographs INTRODUCTION The purpose of this report is to systematically describe the referenced structure, document observations, and, as needed, provide recommendations for repair and rehabilitation. Each section of this report— Description, Observation, Analysis, Conclusions, and Recommendations—reflects our professional opinion regarding the structure's current condition. DESCRIPTION OF STRUCTURE The referenced building is an approximately 1,700 square foot, two-story structure built in 1919. It is wood framed, with wood stud walls, wood joists supporting the second floor, and wood rafters. A crawl space of approximately 12 inches in height is present beneath the building. A single staircase is located on the east 976 BBCRA24001 211 EAST OCEAN AVENUE, BOYNTON BEACH Boynton Beach Community Redevelopment Agency November 05, 2024 Page 2 of 2 side of the building. No information has been provided by the owner's representative regarding any maintenance, renovations, or structural alterations made to the building. OBSERVATIONS, ANALYSIS & CONCLUSIONS AND RECOMMENDATIONS In general, the building’s structural condition appears to require immediate repair. Detailed summary tables of the visual assessment observations, analysis, conclusions, and recommendations are provided in Appendix A: Structural Summary Table. Note that observation item numbers are coordinated across the appendices (e.g., Item #1 in the summary table corresponds with Photos #1A, #1B, etc.) LIMITATIONS Recommendations provided in this report are narrative in nature, commensurate with the level of effort associated with a limited visual condition assessment and not intended to be used for the solicitation of bids or execution of repair work. Therefore, Pennoni cannot be held responsible for implementation of repairs based on this report alone. If requested, Pennoni can provide a proposal for services beyond the preparation of a condition assessment report, such as the design and documentation of repairs, bid phase services or construction phase services (i.e. RFI review, submittal review, oversight). The evaluation of existing structures and roofing requires that certain assumptions be made regarding the existing conditions. Some of these assumptions may not be confirmed without performing additional invasive investigation and/or altering/destroying otherwise adequate or serviceable portions of the structure. Therefore, Pennoni cannot be held responsible for any latent deficiencies which may exist in the structure, but which have not been discovered as a part of the scope of this evaluation. The opinions and recommendations in this report are based solely on the information provided by the field observations and our engineering experience. The report does not address any other portion of the structure other than those areas mentioned, nor does it provide any warranty, either expressed or implied, for any portion of the existing structure. If you have any questions or comments, please feel free to contact us. Sincerely, PENNONI ASSOCIATES INC. Christopher Lee, PE, FBRSE, SI Sam Yoosefzadeh, E.I. Structural Division Manager U:\Accounts\BBCRA\BBCRA24001 - Limited Structural Ass. 211 Ocean Avenue\DELIVERABLES\FINAL REPORT 977 Appendix A: Structural Summary Table 978 Structural Condition Assessment Summary Table T: 215-222-3000 220 Congress Park Drive, Suite 232 T: 561-265-6864 www.pennoni.com Delray Beach, FL 33445 Page 1 of 1 Priorities Legend: Immediate Short Term (less than 1 year) Medium Term (1 to 5 years) Long Term (5 to 7 years+) Maintenance Level Item No.# Photo No.# Observations Analysis and Conclusions Recommendations Overall O OA-OB The building was constructed in 1919, according to information provided by the owner's representative. An addition is observed on the north side of the building, though no information is available regarding the date of this addition. The structure is two stories tall and has two roofing levels (the main roof and the roof of the one-story addition). There is one staircase located on the east side of the main building. The building has deficiencies that require immediate attention. First 1 1A Water damage observed at the one-story ceiling. There is water damage to the ceiling and floor due to assumed roof leaks. It is recommended to address the source of the leak, replace insulation as required, and replace or repair any damaged wood members. Second 2 2A-2E Water damage observed at the 2nd floor ceiling, wall and roof sheathing. See Item #1 See Item #1 All Around the Building 3 3A-3D Deteriorating wood siding has been observed around the entire perimeter of the building. The damage appears to be widespread throughout the building, which is consistent with the age of the structure and lack of maintenance, possibly compounded by other water intrusion issues. While deteriorated siding itself may not constitute a structural failure, it can indicate broader issues with moisture control and the integrity of the building envelope. The damaged siding and any affected underlying members should be repaired to ensure the stability and safety of the building. Additionally, regular maintenance should be considered post- repair to prevent future deterioration. First 4 4A-4C Damaged wood joists and facia have been identified in the overhang area of the building's addition. The damage to the wood joists and facia is significant. Apparent roofing failure has caused most of the deterioration. See Item #1 Yard 5 5A-5B Slab failure at corner and cracking in the backyard slab-on- grade. Broken sections are observed at the corner of the slab-on-grade, potentially caused by inadequate edge thickening. Because there are no control joints in the slab, cracking is likely caused by temperature and shrinkage. It is recommended to, at a minimum, route and seal existing cracks to prevent further deterioration, and to repair the failed corner. Main Entrance 6 6A Damaged wood steps and support frames were observed at the main entrance. Deterioration and rot appears to be due to their age and continuous contact with grade as well as weather exposure. It is recommended to replace the entry steps. 979 Appendix B: Structural Photographs 980 BBCRA24001 Appendix B: Structural Photographs Page 1 of 18 Photo #OA: Building South and East Side 981 BBCRA24001 Appendix B: Structural Photographs Page 2 of 18 Photo #OB: Building North and West Side 982 BBCRA24001 Appendix B: Structural Photographs Page 3 of 18 Photo #1A: Water Damage at 1-Story Ceiling 983 BBCRA24001 Appendix B: Structural Photographs Page 4 of 18 Photo #2A: Water Intrusion in Second Floor Ceiling 984 BBCRA24001 Appendix B: Structural Photographs Page 5 of 18 Photo #2B: Water Damage at 2nd Floor Ceiling 985 BBCRA24001 Appendix B: Structural Photographs Page 6 of 18 Photo #2C: Water Damage at 2nd Floor Ceiling 986 BBCRA24001 Appendix B: Structural Photographs Page 7 of 18 Photo #2D: Water Damage at 2nd Floor Ceiling 987 BBCRA24001 Appendix B: Structural Photographs Page 8 of 18 Photo #2E: Water Damage at Roof Sheathing 988 BBCRA24001 Appendix B: Structural Photographs Page 9 of 18 Photo #3A: Deteriorated Wood Siding 989 BBCRA24001 Appendix B: Structural Photographs Page 10 of 18 Photo #3B: Deteriorated Wood Siding 990 BBCRA24001 Appendix B: Structural Photographs Page 11 of 18 Photo #3C: Deteriorated Wood Siding 991 BBCRA24001 Appendix B: Structural Photographs Page 12 of 18 . Photo #3D: Deteriorated Wood Siding 992 BBCRA24001 Appendix B: Structural Photographs Page 13 of 18 Photo #4A: Water Damaged Facia at Overhang 993 BBCRA24001 Appendix B: Structural Photographs Page 14 of 18 Photo #4B: Water Damaged Facia at Overhang 994 BBCRA24001 Appendix B: Structural Photographs Page 15 of 18 Photo #4C: Damaged Facia and Joists at Overhang 995 BBCRA24001 Appendix B: Structural Photographs Page 16 of 18 Photo #5A: Cracks in Concrete Slab-on-Grade 996 BBCRA24001 Appendix B: Structural Photographs Page 17 of 18 Photo #5B: Broken Edge and Cracks in Slab-on-Grade 997 BBCRA24001 Appendix B: Structural Photographs Page 18 of 18 Photo #6A: RDagaed Wood Steps and Framing at the Main Entrance Stairs 998 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CRA PROJECTS IN PROGRESS AGENDA ITEM 16.A SUBJECT: MLK Jr. Boulevard Corridor Mixed-Use Project Update (d/b/a Heart of Boynton Shops) SUMMARY: The MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project provides 124 affordable multi-family rental units, as well as, 8,250 square feet of leasable commercial space (Attachments I-III). Heart of Boynton Shops - Commercial Update: Unit 101/102: Lease drafted, in design phase Unit 103: Permit issued on 2/13/25; underground plumbing complete; construction contract drafted Unit 104: Permit issued on 2/7/25; underground plumbing complete; tenant selected different contractor Unit 105: Permit issued on 2/4/25; underground plumbing complete; construction contract in place Unit 106: Permit issued on 2/4/25; underground plumbing complete; construction contract drafted Unit 107: Permit issued on 2/4/25; underground plumbing complete; tenant selected different contractor Unit 108: Permit issued on 2/4/25; underground plumbing complete; construction contract in place Units 103-108 have all passed their underground plumbing inspections and the concrete floor pour is anticipated to begin the week of March 17th. CRA Staff continue to have weekly coordination meetings with CMC. FISCAL IMPACT: Fiscal Year 2021-2022 Budget; Project Fund Line Item 02-58200-406 - Local Government Match Contribution $625,750 and Commercial/Retail Component $2,025,815 (commercial component); TIRFA $1,630,280 and $433,008.45 Second Development Agreement for the Residential Component. CRA PLAN/PROJECT/PROGRAM: 999 •Attachment I - MLK Jr Blvd Project Site Plan - North •Attachment II - MLK Jr Blvd Project Site Plan - South •Attachment III - MLK Jr. Blvd. Mixed Use Development Project Renderings 2016 Boynton Beach CRA Community Redevelopment Plan CRA BOARD OPTIONS: No action is required at this time unless otherwise determined by the CRA Board. ATTACHMENTS: Description 1000 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 1' = 20'-0"0 10'20'40'A-1 ARCHITECTURAL SITE PLAN ARCHITECTURAL SITE PLAN AS-101 NOT TO SCALEA-3 KEY PLAN AS-101 1 NORTH PARCEL SOUTH PARCEL CL CL 1/16" = 1'-0"0 8'16'32'A-2 TURNING RADIUS DETAIL EAST MARTIN LUTHER KING JR. BLVD. NE 11th AVENUE 7 8 11 COMMERCIAL 4,294 SF 6 COMMERCIAL 4,236 SF 9 8 10 10 COVERED BIKES RACKS SEE DETAIL D4/AS-102 3 3 FH 5 5 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 E.V.CHARGING STATIONS (5) FFE 16.5 FFE 16.5 15.04 14.75 14.33 14.19 BENCHS NOT TO SCALED1PRE-CAST SITE WALL DETAIL PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE CAP PRE CAST CONCRETE WALL COLUMN FOOTING COLUMN FOOTING BOLARD SEE DETAIL A1/AS-102 1 DART COMMENTS 09-10-2020 1 1 2 1 1 2 1 1 2 1 1- SITE PLAN SHALL MEET CPTD DESIGN STANDARDS 2- BUILDING TO BE FULLY SPRINKLERED NOTES: 3- ALL PORTION OF BLDG AREA WITH 450 OF F.D. ACCESS PER NFPA 1-18.2.3.2.2 STREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c) OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILED AS SUCH IN PERMIT PLAN 1 OUTDOOR SEATING AREA 846 SF OUTDOOR SEATING AREA 846 SF PUBLIC EVENT PLAZA 2,090 SF TRASH AREA2 2 2 2 2 2 2 DART COMMENTS 09-21-2020 NORTH 2 2 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 6'-0" PRECAST CONCRETE WALL SEE DETAIL D1/AS-101 2 EAST MARTIN LUTHER KING JR. BLVD.WELLS LANDINGNORTHBUILDING2% SLOPE FFE 16.5 FFE 15.0 1/8" = 1'-0"0 4'8'16'D2 STREET - PLAZA SECTION A A A 1 3 DART COMMENTS 10-08-2020 3 3 3 3 1001 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 38-9" ROOF TOP 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 0-0" TOP SLAB 16-3" SECOND FLOOR 27-6" THIRD FLOOR 44-10" 38-9" ROOF TOP 38-9" ROOF TOP 38-9" ROOF TOP 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 ELEVATION PLAN A-201 3/32" = 1'-0"0 8'16'24'A-1 SOUTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-2 NORTH ELEVATION 3/32" = 1'-0"0 8'16'24'A-3 WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-4 EAST ELEVATION 3/32" = 1'-0"0 8'16'24'A-5 CENTRAL - PLAZA WEST ELEVATION 3/32" = 1'-0"0 8'16'24'A-6 CENTRAL - PLAZA EAST ELEVATION ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT ROOF TOP EQUIPMENT 1 DART COMMENTS 09-10-2020 1 1 1 1 11 1111 2 DART COMMENTS 09-21-2020 NORTH 2 3 DART COMMENTS 10-08-2020 3 3 3 3 1002 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 COLOR ELEVATION PLANS A-202 NOT TO SCALEA-1 SOUTH ELEVATION NOT TO SCALEA-2 NORTH ELEVATION NOT TO SCALEA-3 WEST ELEVATION NOT TO SCALEA-4 EAST ELEVATION 1 DART COMMENTS 09-10-2020 1 01 02 03 04 05 06 07 A-5 MATERIAL & COLOR LEGENDS A-6 MATERIAL NOTES STANDING SEAM METAL ROOF. ON THE ROCKS (SW7671) BY SHERWIN WILLIAMS OR SIMILAR 1.ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS OR RAIN WATER LEADERS WILL BE CONCEALED IN ARCHITECTURAL ELEMENTS. 2.ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BE PAINTED TO MATCH BUILDING COLORS CONCRETE PANEL SCORED STUCCO & STUCCO: SPARE WHITE (SW6203) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: TOPIARY TINT (SW6449) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: BLUEBELL (SW6793) BY SHERWIN WILLIAMS OR SIMILAR PAINT ON STUCCO: PINEAPPLE CREAM (SW1668) BY SHERWIN WILLIAMS OR SIMILAR PAINT: GREEK VILLA (SW7551) BY SHERWIN WILLIAMS OR SIMILAR 2 DART COMMENTS 09-21-2020 NORTH 2 01 01 01 01 01 01 01 01 01 01 01 01 01 0202 02 02 02 02 0202 03 03 03 03 03 03 03 03 0303 03 0303 03 03 03 03 04040404 04 04 04 04 04 0404 04 0505 05 05 0505 05 05 0606 06 06 0606 06 07 0707 07 07 07 07 07 07 07 0707 2 2 2 03 03 1003 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 FIRST AND SECOND FLOOR PLAN A-101 1/8" = 1'-0"0 4'8'16'A-1 FIRST FLOOR PLAN 1/8" = 1'-0"0 4'8'16'A-2 SECOND FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" OPEN COVERED PLAZA COMMERCIAL #1 COMMERCIAL #2 COMMERCIAL #3 COMMERCIAL #4 COMMERCIAL #5 COMMERCIAL #6 COMMERCIAL #7 COMMERCIAL #8 LOBBY COMMON TRASH ROOM 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 333 3 3 3 3 DART COMMENTS 10-08-2020 1004 74-2018 "IT IS A VIOLATION OF THE LAW FOR ANY PERSON, UNLESS ACTING UNDER THE DIRECTION OF A LICENSED ARCHITECT TO ALTER THESE PLANS AND SPECIFICATIONS." THIS DOCUMENT CONTAINS PROPERTY INFORMATION AND SHALL NOT BE USED OR REPRODUCED, OR ITS CONTENTS DISCLOSED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF GALLO HERBERT ARCHITECTSCONTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.SCALE DATE DRAWN BY CHECKED BY No.Description Date1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442PH. 954.794.0300 FX. 954.794.0301DRAWING TITLE DRAWING NUMBER OWNER PROJECT REVISIONS PROJECT NUMBER SEAL PROJECT STATUS AA26001731COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 2 3 4 5 6 E D C B A 1 2 3 4 5 6 E D C B A AS SHOWN BPHCMR 2020-06-09 DESIGN DEVELOPMENT □ WILLIAM J. GALLO FL AR0008440 □ BRIAN P. HERBERT FL AR0015474 WELLS LANDING BOYNTON BEACH, FL 33435 THIRD FLOOR PLAN A-102 1/8" = 1'-0"0 4'8'16'A-1 THIRD FLOOR PLAN 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "A" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "B" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 1 BEDROOM UNIT TYPE "C" 2 BEDROOMs UNIT TYPE "A" 2 DART COMMENTS 09-21-2020 NORTH 2 1005 EAST MARTIN LUTHER KING JR. BLVD. NE 9th AVENUE NE 11th AVENUE 14 13 ZONE DISTRICT: C-2 Gross Land: 55,183 (s.f.) Net Land: 1.27 acres Water Bodies: 0 LANDSCAPE LEGEND - COMMERCIAL (NORTH) REQ.PROV. TOTAL NUMBER OF TREES (ALL PALMS IN 3:1 RATIO) 292 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery. STREET TREES (South - East MLK Blvd.): 300 l.f. (1 tree / 20 l.f.)15 TOTAL NUMBER OF SHRUBS, GROUNDCOVERS 60 1,363 63 15 PERIMETER BUFFER Requirements: North (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: West (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. PERIMETER BUFFER Requirements: East (Single Family) (1) 14' ht. tree for every 20 l.f. (1) 36" ht. shrub for every 3 l.f. 15 98 (295 L.F.) 15 (295 L.F.) 15 96 (287 L.F.) 15 (287 L.F.) * IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT * ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL 103 117 15 98 (295 L.F.) 15 (295 L.F.) 133 155% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE 219 DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL SHRUBS AND GROUNDCOVERS DESCRIPTIONQUAN.SYMBOL PROPOSED MATERIAL TREES LANDSCAPE LIST - NORTH PARCEL ST. AUGUSTINE GRASS Stenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAs Required 12 14' HT. X 6' SPR. 4" DBH. F.G. 10 31 3 F.G., "CHARACTER" SPECIMENGUMBO LIMBO *Bursera simaruba 14' HT. X 6' SPR. 4" DBH. 14' HT. X 6' SPR. 4" DBH.*Coccoloba diversiflora PIGEON PLUM F.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH. F.G. 27CV 172DE 635FM 347IT 154JV 167MC 435PM Codieaum variegatum 'Mammey' RED - YELLOW CROTON 3 GAL. 18" HT. X 18" SPR. / 18" O.C. 3 GAL. 18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound' GOLD MOUND DURANTA Ficus microcarpa 'Green Island' GREEN ISLAND FICUS 3 GAL. 15" HT. X 15" SPR. / 18" O.C. DWARF IXORA Ixora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C. 3 GAL. * DENOTES NATIVE SPECIES 24" HT. X 24" SPR. / 24" O.C.Jasmine volubile WAX JASMINE 3 GAL. 3 GAL. 24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillaris PINK MUHLY GRASS 7 GAL. 36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllus PODOCARPUS [BUTTERFLY ATTRACTIVE] LIVE OAK "HIGH RISE" *Quercus virginiana 'High Rise' 6 5 F.G., TOPIARY 12'-14' O.A. HT.Elaeocarpus decipiens JAPANESE BLUEBERRY 32AC 15HP Asclepias curassavica MILKWEED 3 GAL. 24" HT. X 24" SPR. / 24" O.C. [BUTTERFLY ATTRACTIVE] [BUTTERFLY ATTRACTIVE] 24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact' DWARF FIREBUSH 3 GAL. Ptychosperma elegans 'single'20' O.A. HT., SINGLE F.G.SINGLE ALEXANDER PALMS 14CG2 *Clusia guttifera SMALL LEAF CLUSIA 7 GAL. 36" HT. X 24" SPR. / 24" O.C. NORTHSHEET INDEX: L-1 INDEX L-2 LANDSCAPE PLAN L-3 LANDSCAPE DETAILS Scale: 1" = 40'-0" KEY PLAN Drawing: Index Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-1 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLINDEX09.24.20201) DART Comments / Site Plan LDC Seal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACTL-2 SEE SOUTH PARCEL LANDSCAPE PLANS FOR LANDSCAPE IN THIS AREA IRRIGATION NOTE: 100% IRRIGATION COVERAGE WILL BE PROVIDED AT TIME OF PERMITTING SABAL PALMS (IF APPLICABLE) ARE TO BE INSTALLED WITH FRONDS CUT AT 10-2, NOT HURRICANE CUT ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL PALMS OVER 12' C.T. SHALL HAVE SQUARE ROOTBALLS AND 4"x4" BRACES ALL TREES AND PALMS SHALL BE FLORIDA GRADE 1 AT TIME OF PLANTING. ANY PRUNING SHALL BE DETERMINED BY THE LANDSCAPE ARCHITECT AND/OR AN ARBORIST FIRE DEPARTMENT ACCESS ROADS SHALL HAVE AN UNOBSTRUCTED VERTICAL CLEARANCE OF NOT LESS THAN 14' NFPA IF APPLICABLE, SAFETY CAPS SHALL BE INSTALLED ON ALL #5 REBAR USED FOR TREE BRACING 1 1 1 1006 EAST MARTIN LUTHER KING JR. BLVD.20'-0" O.C.,TYP.LAWN NE 11th AVENUE LAWNLAWNDOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW DOUBLE ROW COMMERCIAL COMMERCIAL 13 LAWNLAWNDOUBLE ROW DOUBLE ROW LAWN2'-0" PARKING OVERHANG, TYP. 20'-0" O.C., TYP.20'-0" O.C.,TYP.2'-0" PARKING OVERHANG, TYP.20'-0" O.C.,TYP.LAWN FM 53 IT 32 CV 3 FM 55 FM 53 IT 75 CV 3 MC 10 HP 15 FM 55 CG2 14 FM 50 IT 50 CV 3 MC 10 FM 30 IT 8 CV 3 MC 5 IT 62 CV 3 MC 12 FM 72 FM 40 IT 60 CV 3 MC 20 FM 50 IT 20 CV 3 MC 7 20'-0" O.C., TYP. DE 27 FM 25 EXISTING TREE TO REMAIN, TYP. (SEE NORTH PARCEL DISPOSITION PLANS FOR DETAILS)15'-0"15'-0"15'-0"15'-0" SIGHT-TRIANGLE, TYP. (ANY LANDSCAPE WITHIN SHALL BE MAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0" MC 8 IT 40 PM 24 SEE "LARGE TREE PLANTING DETAIL" ON SHEET L-3 FOR BRACING DETAILS LAWN FM 67 CV 3 DE 80 MC 20 JV 62 PM 252 FM 60 CV 3 DE 65 MC 15 JV 92 PM 159 DOUBLE ROWDOUBLE ROW FM 25 MC 60 5 BEDS 5 BEDS AC 32 SEE "LARGE TREE PLANTING LAWN NORTH Scale: 1" = 20'-0" LANDSCAPE PLAN Drawing: Landscape Plan Date: 06/17/2020 Scale: See Left Drawn by: LDC Sheet No.: L-2 Cad Id.: 2020-021WELLS LANDING - NORTHBOYNTON BEACH, FLLANDSCAPE PLANSeal: Lic. # LA0000889 Member: A.S.L.A.Project:Revisions:By:Date:307 south 21st avenue hollywood, floridaphone: 954.923.9681 facsimile: 954.923.9689www.witkindesign.com©2020 WITKIN HULTS + PARTNERS THE DESIGN AND DRAWINGS HEREIN ARE THE INTELLECTUAL PROPERTY OF THIS LANDSCAPE ARCHITECT AND ARE PROTECTED UNDER THE COPYRIGHT PROTECTION ACT SEE SOUTH PARCEL LANDSCAPE PLANS 09.24.20201) DART Comments / Site Plan LDC 1 1007 Know what'sR1008 74-2018No.DescriptionDateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENTƑ WILLIAM J. GALLO FL AR0008440Ƒ BRIAN P. HERBERT FL AR0015474MARTIN LUTHERKINGCOMMUNITYNORTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANNORTHEPH-101N1' = 20'-0"010'20'40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription4WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount10SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.555.01.02.555.00SpillIlluminanceFc0.040.30.0N.A.N.A.1009 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 334351' = 20'-0"010' 20'40'ARCHITECTURALSITE PLANSOUTH PARCELAS-101NE 9th AVENUEENENOT TO SCALESOUTH WESTUTESWWBUILDINGBINNNLOADINGTRASH CHUTEAS-101 1SOUTH PARCELSSSOUTH EASTSOH ESSBUILDINGILDGA-101 1A-103 1LOADINGTRASH CHUTE6910393668810TRASHASASROOMMMMOMOMOOMRMOMMROOMOMMROOROOOOOOOOMROOMROOMTRASHHHSHSHSHHHSSHSHSHSSSSSSSROOMROOOROOROOOOASINGLEAFITNEESS710710998888810COMMONCCCCCCCCCCCCCCCCCCCCCCCCCNNNNNNNNNNNOO1091- SITE PLAN SHALL MEET CPTDDESIGN STANDARDS2- BUILDING TO BE FULLY SPRINKLERED3- DEVELOPER TO EXPLORE CROSSACCES EASEMENT W/ CVS SITENOTES:Note # 3FHFHFHFH1/16" = 1'-0"0 8' 16' 32'E.V..VCHARGINGCHGINSTATIONS (5)TATNS BENCHSNCNOT TO SCALE11116'-0" PRECAST'-0RECTCONCRETE WALLCOCRWTECAS6'-0" PRE6'PRTSALLTEWACONCRETCCE WLS-101A3/ASEE DETAIL ADEAL AS-ASCLCCCLCCPRE CASTCONCRETE CAPPRE CASTCONCRETECAPPRE CASTCONCRETE CAPPRE CASTCONCRETEWALLCOLUMNFOOTINGCOLUMNFOOTING15.0414.7514.3314.19114.12FFE 16.5FFE 16.5FFE 16.5E 16.5FFEFFE 16.50ECHARGINGCRGGGGSTATIONSSIO1BOLARDOOOSEE DETAIL A1/AS-102SEE DETAIL A1/AS 102SEE DETAIL A1/AS 102BOLARDSEE DETAIL A1/AS-10210DDCOVEREDDDDDKKSBIKES RACKKK02AAS-10SEE DETAIL D4/AAA2AACOVEREDOEDBIKES RACKSBIKRASEE DETAIL D4/AS-102E DAIL/A024- ALL PORTION OF BLDG AREA WITH 450OF F.D. ACCESS PER NFPA 1-18.2.3.2.2LESS THAN 150'-0"IRRIGATION TO BEIRRIGATION TO BEPROVIDED TO PLANTERSIRRIGATION TO BEPROVIDED TO PLANTERSSTREET SPACE SHALL BE PROVIDED PER SECTION 18.2(a) THROUGH (c)OFF THE REQUIRED PROJECT IMPROVEMENTS AND SHALL BE DETAILEDAS SUCH IN PERMIT PLAN101000SHADED SEATING548 S.F.LINEAR PLAZALNEAARPLAAZAAAAZLAPRAENLAZAALPAREANLIAAZLAPRAENLAZAALPAREANLI2,021 S.F.,01,2101022 021 S F20221SF21022SFSF S.FSF S.F.F02,2,2,02021 S1 S.F.FOPEN PLAY AREA3,500 S.F.MOUNTABLE CURBPUBLIC PLAZA443 S.F.1DART COMMENTS 09-10-20202DART COMMENTS 09-21-202032322222220'-0" FIRE LINE SOUTH2FFFFFFFFFFFFFFFFFFFF222223NEIGHBORHOOD COMMERCIAL (1)IGORODOMRCL (1OONEIGHBORHHOOD COMMERCIAL (2)NGHBHHOD CMMCIA2)RRRESIDENTIALIDIADUPLEX R-2DUX 3DART COMMENTS 10-08-202033333331010 11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB11-3"SECOND FLOOR22-6"THIRD FLOOR51-1"45-4"ROOF TOP33-11"FOURTH FLOOR0'-00"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH WEST BLDG.A-2033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH2221011 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH WEST BLDG.A-2041DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORS3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"08'16'24'2DART COMMENTS 09-21-2020SOUTH201020304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARCONCRETE PANELSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR222010101010101010101010101010101010101010101010101010102030303030303030303030303030303030303030303030303030303030303030404040404040404040405050505050505050505050506060606060606060707070707070707071012 12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB12-6"SECOND FLOOR23-9"THIRD FLOOR51-1"46-7"ROOF TOP35-2"FOURTH FLOOR1'-3"TOP SLAB74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435ELEVATION PLANSOUTH EAST BLDG.A-2013/32" = 1'-0"08'16'24'3/32" = 1'-0"08' 16'24'3/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"0 8' 16' 24'ROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENTROOF TOP EQUIPMENT2DART COMMENTS 09-21-2020SOUTH21013 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435COLOR ELEVATIONPLANSSOUTH EAST BLDG.A-2021DART COMMENTS 09-10-202011. ALL ROOF DRAINS: ALL INTERNAL AND DOWNSPOUTS ORRAIN WATER LEADERS WILL BE CONCEALED INARCHITECTURAL ELEMENTS.2. ALL EQUIPMENT OTHER THAN FIRE APARATUS SHALL BEPAINTED TO MATCH BUILDING COLORSNOT TO SCALENOT TO SCALENOT TO SCALENOT TO SCALE2DART COMMENTS 09-21-2020SOUTH2010304050607STANDING SEAM METAL ROOF. ON THE ROCKS(SW7671) BY SHERWIN WILLIAMS OR SIMILARSCORED STUCCO & STUCCO: SPARE WHITE(SW6203) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: TOPIARY TINT(SW6449) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: BLUEBELL(SW6793) BY SHERWIN WILLIAMS OR SIMILARPAINT ON STUCCO: PINEAPPLE CREAM(SW1668) BY SHERWIN WILLIAMS OR SIMILARPAINT: GREEK VILLA(SW7551) BY SHERWIN WILLIAMS OR SIMILAR22201010101010101010101010101010101010101010101010101010101010101030303030303030303030303030303030303030303030303030303030303040404040404040404040404050505050505050505050506060606060606060606060607070707070707070707070707070707071014 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST AND SECONDFLOOR PLANSOUTH EAST BLDG.A-1013/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT222TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITTTTTTYPE "C"COMMONNNNTRASHROOM2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTTTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNIT2BTYPE "B"2 BEDROOMS UNIT2TYPE "C"2 BEDROOMS UNIT22TYPE "C"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTTYPE "C"2 BEDROOMS UNITTTTYPE "C"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2 BEDTYPE "B"2 BEDROOMS UNITSUNITTYPE "B"2 BEDROOMS UNIT2BEDTYPE "B"2 BEDROOMS UNIT22TYPE "B"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITTTTTYPE "D"2 BEDROOMS UNITNTYPE "B"2 BEDROOMS UNITBBTYPE "B"2 BEDROOMS UNITTTTTTTYPE "E"2DART COMMENTS 09-21-2020SOUTH2PORCHPORCHPORCHPORCHPORCH222221015 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH EAST BLDG.A-1023/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "B"1 BEDROOM UNITTYPE "D"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "E"3 BEDROOMS UNITTYPE "A"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "E"2DART COMMENTS 09-21-2020SOUTH21016 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435FIRST & SECONDFLOOR PLANSOUTH WEST BLDG.A-1033/32" = 1'-0"0 8' 16' 24'3/32" = 1'-0"08' 16'24'2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"COMMONTRASHROOMCOMMON1 BEDROOM UNITTYPE "F"2 BEDROOMS UNITTYPE "C"2 BEDROOMS UNITTYPE "C"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"2DART COMMENTS 09-21-2020SOUTH2221017 74-2018NTRACTOR(S) SHALL VERIFY EXISTING CONDITIONS AND CORRELATE DIMENSIONS PRIOR TO PROVIDING THE WORK DETAILED IN THESE DRAWINGS, AND SHALL PROMPTLY NOTIFY THE DESIGNER OF ANY DISCREPANCIES.No.Description Date 1311 W NEWPORT CENTER DRIVE DEERFIELD BEACH, FLORIDA 33442 PH. 954.794.0300 FX. 954.794.0301AA26001731 COPYRIGHT 2018 GALLO HERBERTARCHITECTS1 23456EDCBAEDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLO FL AR0008440□ BRIAN P. HERBERT FL AR0015474WELLS LANDINGBOYNTON BEACH, FL 33435THIRD & FOURTHFLOOR PLANSOUTH WEST BLDG.A-1043/32" = 1'-0"0 8' 16' 24'3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "B"2 BEDROOMS UNITTYPE "D"2 BEDROOMS UNITTYPE "D"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"3 BEDROOMS UNITTYPE "A"2DART COMMENTS 09-21-2020SOUTH221018 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUENE 11th AVENUE1413ZONE DISTRICT: C-2Gross Land: 117,428 (s.f.) Net Land: 2.70 acres Water Bodies: 0LANDSCAPE LEGEND - RESIDENTIAL (SOUTH)REQ.PROV.TOTAL NUMBER OF TREES (SMALL PALMS IN 3:1 RATIO)180 Note: All pervious areas must be landscaped with lawn, groundcover, and/or shrubbery.21TOTAL NUMBER OF SHRUBS, GROUNDCOVERS752,32310621PERIMETER BUFFER Requirements: West (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.PERIMETER BUFFER Requirements: East (Commercial)(1) 14' ht. tree for every 20 l.f.(1) 36" ht. shrub for every 3 l.f.1278(235 L.F.)12(235 L.F.)* IRRIGATION SHALL BE PROVIDED AT TIME OF PERMIT* ALL PARKING ISLANDS SHALL BE LANDSCAPED WITH GROUNDCOVER MATERIAL10015102(305 L.F.)15(305 L.F.)108STREET TREES (North - East MLK Blvd.): 418 l.f. (1 tree / 20 l.f.)2727STREET TREES (South - NE 9th Ave.): 542 l.f. (1 tree / 20 l.f.)95% OF SHRUBS SHALL BE BUTTERFLY-ATTRACTIVE485DESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALSHRUBS AND GROUNDCOVERSDESCRIPTIONQUAN.SYMBOLPROPOSED MATERIALTREESLANDSCAPE LIST - SOUTH PARCELST. AUGUSTINE GRASSStenotaphrum secundatum 'Floratam'SOLID EVEN SODLAWNAsRequired3014' HT. X 6' SPR. 4" DBH.F.G. 11194F.G., "CHARACTER" SPECIMENGUMBO LIMBO*Bursera simaruba14' HT. X 6' SPR. 4" DBH.14' HT. X 6' SPR. 4" DBH.*Coccoloba diversifloraPIGEON PLUMF.G. Tabebuia heterophylla PINK TRUMPET TREE 10' HT. X 5 SPR., 2" DBH.F.G.20Aechmea blanchettiana36" HT. X 24" SPR. ABBRIGHT YELLOW BROMELIAD10" POT 9CV73DE1200FM210IT72JV153MC112PV155SVCodieaum variegatum 'Mammey' RED - YELLOW CROTON3 GAL.18" HT. X 18" SPR. / 18" O.C.3 GAL.18" HT. X 18" SPR. / 18" O.C. Duranta erecta 'Gold Mound'GOLD MOUND DURANTAFicus microcarpa 'Green Island'GREEN ISLAND FICUS3 GAL.15" HT. X 15" SPR. / 18" O.C. DWARF IXORAIxora taiwanese 'Dwarf'18" HT. X 18" SPR. / 18" O.C.3 GAL.* DENOTES NATIVE SPECIES24" HT. X 24" SPR. / 24" O.C.Jasmine volubileWAX JASMINE3 GAL.3 GAL.24" HT. X 24" SPR. / 30" O.C. *Muhlenbergia capillarisPINK MUHLY GRASSSchefflera arboricola 'Trinette'VARIEGATED SCHEFFLERA3 GAL.18" HT. X 18" SPR. / 18" O.C. 64113113610' HT. X 4' SPR. 2" DBH.*Conocarpus erectus 'sericeus'SILVER BUTTONWOODF.G. 8' HT. X 8' SPR., MULTI TRUNKLigustrum japonicumJAPANESE PRIVETF.G.F.G., MATCHED HTS.ROYAL PALM*Roystonea elata24' O.A. HT. MIN.10' HT. X 5' SPR. 2" DBH.F.G.2CA427CG174CG2207CI9HA455PM7 GAL.36" HT. X 24" SPR. / 24" O.C. Podocarpus macrophyllusPODOCARPUS173SA[BUTTERFLY ATTRACTIVE]7 GAL.3' O.A. HT.PURPLE CRINUM LILYCrinum augustum 'Queen Emma'*Clusia guttiferaSMALL LEAF CLUSIA3 GAL.24" HT. X 24" SPR. / 24" O.C. *Clusia guttiferaSMALL LEAF CLUSIA7 GAL.36" HT. X 24" SPR. / 24" O.C. *Chrysobalanus icaco 'Red Tip'RED TIP COCOPLUM3 GAL.18" HT. X 18" SPR. / 18" O.C. Hibiscus 'Anderson Crepe'ANDERSON CREPE HIBISCUS15 GAL.6' HT. O.A., STANDARD PITTOSPORUM VARIEGATAPittosporum tobira 'Variegata'3 GAL.18" HT. X 18" SPR. / 18" O.C. GREEN SCHEFFLERASchefflera arboricola24" HT. X 24" SPR. / 24" O.C.3 GAL.Ptychosperma elegans 'single'20' O.A. HT., SINGLEF.G.SINGLE ALEXANDER PALMS5LIVE OAK "HIGH RISE"*Quercus virginiana 'High Rise'*Eugenia foetidaSPANISH STOPPER12' HT. X 4' SPR., MULTI TRUNKF.G.Jacaranda mimosifoliaJACARANDA TREE14' HT. X 6' SPR. 4" DBH.F.G. Fillicium decipiens JAPANESE FERN TREE 47AC25HP404PLAsclepias curassavicaMILKWEED3 GAL.24" HT. X 24" SPR. / 24" O.C.[BUTTERFLY ATTRACTIVE][BUTTERFLY ATTRACTIVE]24" HT. X 24" SPR. / 24" O.C.Hamelia patens 'compact'DWARF FIREBUSH3 GAL.[BUTTERFLY ATTRACTIVE]DWARF PENTASPentas lanceolata "New Look White"1 GAL.12" HT. X 12" SPR. / 12" O.C. 2F.G., STAGGERED.DOUBLE MONTGOMERY PALMVeitchia montgomeryana 'double'20' O.A. HT. MIN., DOUBLENORTHSHEET INDEX:L-1 INDEXL-2 LANDSCAPE PLANL-3 LANDSCAPE DETAILSScale: 1" = 40'-0"KEY PLANDrawing: IndexDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL INDEX 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTL-2SEE NORTH PARCELLANDSCAPE PLANSFOR LANDSCAPE INTHIS AREAIRRIGATION NOTE: 100% IRRIGATIONCOVERAGE WILL BE PROVIDED ATTIME OF PERMITTINGSABAL PALMS (IF APPLICABLE) ARETO BE INSTALLED WITH FRONDSCUT AT 10-2, NOT HURRICANE CUTALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL PALMS OVER 12' C.T. SHALLHAVE SQUARE ROOTBALLS AND4"x4" BRACESALL TREES AND PALMS SHALL BEFLORIDA GRADE 1 AT TIME OFPLANTING. ANY PRUNING SHALL BEDETERMINED BY THE LANDSCAPEARCHITECT AND/OR AN ARBORISTFIRE DEPARTMENT ACCESS ROADSSHALL HAVE AN UNOBSTRUCTEDVERTICAL CLEARANCE OF NOTLESS THAN 14' NFPAIF APPLICABLE, SAFETY CAPS SHALLBE INSTALLED ON ALL #5 REBAR USEDFOR TREE BRACING11 1019 EAST MARTIN LUTHER KING JR. BLVD.NE 9th AVENUELAWNLAWNLAWN 4-STORYBUILDINGLAWN 20'-0" O.C.,TYP.5 BEDS14LAWN LAWN LAWN LAWNLAWNLAWNLAWN20'-0" O.C., TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.FM25CG18HA2JV15PM136DE43DE30JV15HA2CG18FM15CG12PV12PV12FM50SV25CA1MC8CV3IT20FM47FM47IT20MC8CV3AC22PL90PL37PL75PM60PM93PL75SA82FM60IT55MC10CV3IT20FM45SA45AC25PL110PL17HP20CI40SV100CI68EXISTING TREE TO REMAIN, TYP.(SEE SOUTH PARCEL DISPOSITIONPLANS FOR DETAILS)20'-0" O.C.,TYP.15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)15'-0"15'-0"15'-0"15'-0"SIGHT-TRIANGLE, TYP. (ANYLANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)LANDSCAPE WITHIN SHALL BEMAINTAINED AT 18" HT. MAX.)2'-0" PARKINGOVERHANG, TYP.MC70FM25SV17AB2PM1662'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.2'-0" PARKINGOVERHANG, TYP.20'-0" O.C.,TYP.SA20FM125HA3IT95SA26FLEXIPAVE,TYP.PASSIVERECREATIONAREALAWN20'-0"EMERGENCYFIRE ACCESS4-STORYBUILDING15 BEDS LAWNBENCH, TYP.LAWNBENCH, TYP.LAWN, TYP.FM75CG19FM25FM18CG7FM42PV12CG30CG210FM65FM25CG19CI22PV12CI52FM83CG30CG7FM6PV20FM12CI10CG12FM6CG24MC7AB2PV20FM6PV12CI5CG5FM6CG24MC7AB2FM6CG6CG21FM6AB2MC10FM6CG21FM6AB2MC10FM6FM12CI10CG6CG5FM81'-0"4'-0"4'-0"SEE "LARGE TREE PLANTINGDETAIL" ON SHEET L-3 FORBRACING DETAILSFM408 BEDSCG2164FM53FM85AB2JV15HA2FM38CG27PV4CG39JV7CA1LAWN MC23JV20AB4CG33HP5FM22FM13SV13FM5CG12PV4CG5FM6PV4CG27FM25AB2AB2FM25FM30NORTHScale: 1" = 20'-0"LANDSCAPE PLANDrawing: Landscape PlanDate: 06/17/2020Scale: See LeftDrawn by: LDCSheet No.:Cad Id.: 2020-021WELLS LANDING - SOUTH BOYNTON BEACH, FL LANDSCAPE PLAN 307 south 21st avenue hollywood, florida phone: 954.923.9681 facsimile: 954.923.9689 www.witkindesign.com©2020 WITKIN HULTS + PARTNERSTHE DESIGN AND DRAWINGS HEREIN ARE THEINTELLECTUAL PROPERTY OF THISLANDSCAPE ARCHITECT AND ARE PROTECTEDUNDER THE COPYRIGHT PROTECTION ACTSEE NORTH PARCEL LANDSCAPE PLANS 11020 74-2018No. Description DateAA26001731123456EDCBA123456EDCBAAS SHOWNBPHCMR2020-06-09DESIGN DEVELOPMENT□ WILLIAM J. GALLOFL AR0008440□ BRIAN P. HERBERTFL AR0015474MARTIN LUTHERKINGCOMMUNITYSOUTHBOYNTON BEACH, FL 33435PRIOR TO SUBMITTING THE BID, THE CONTRACTOR SHALL FIELD VERIFY ALL EXISTING CONDITIONS AND INFORM THE ARCHITECT ANDTHE ENGINEER OF ANY DISCREPANCY BETWEEN THESE DOCUMENTS AND THE EXISTING CONDITIONS AND SHALL INCLUDE IN THE BID TOCORRECT THE SAME AS DIRECTED. THE ENGINEERS ARE NOT RESPONSIBLE FOR ANY ADDITIONAL COSTS RESULTING FROM VERIFIABLEEXISTING CONDITIONS DISCOVERED AFTER CONTRACT HAS BEEN AWARDED. NO CHANGES SHALL BE MADE TO THESE PLANS WITHOUTPRIOR APPROVAL FROM THE ENGINEER OF RECORD. ALL CHANGES SHALL BE SUBMITTED FOR REVIEW PRIOR TO INSTALLATION. NOT FOR BID UNTIL PERMIT HAS BEEN ISSUED.3601 NW 2ND AVEBOCA RATON, FL 33431CERTIFICATION OFAUTHORIZATIONNO. 31989elec dept.TEL:954-644-9612mech dept.TEL:561-716-7120PM:SK1DART COMMENTS2020-09-09SITE PHOTOMETRICSPLANSOUTHEPH-101S1' = 30'-0"0 10' 20' 40'Luminaire ScheduleSymbolQtyLabelArrangementLLFDescription8WSINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMF / Wall Mount5SBD1800.900Cree Lighting OSQ-A-NM-5ME-B-30K-UL-XX, 2@180°9SASINGLE0.900Cree Lighting OSQ-A-XX-4ME-B-30K-UL-XX / OSQ-BLSMFCalculation SummaryLabelCalcTypeUnitsAvgMaxMinAvg/MinMax/MinParking LotIlluminanceFc2.966.11.02.966.10SpillIlluminanceFc0.060.30.0N.A.N.A.1021 Know what'sR1022 1023 1024 1025 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CRA PROJECTS IN PROGRESS AGENDA ITEM 16.B 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 2024-2025: FY 2024-2025 Budget $600,000 Mid-year Budget Adjustment $400,000 Grants Awarded Since October 8, 2024 ($509,303.96) Remaining Fund Balance as of 3/20/25: $490,696.10 List of CRA Board approved Economic Development Program Grantees since October 8, 2024: Business Name Address Grant Grant Amount Chow Hut LLC 425 NE 4th Street Property Improvement $25,000 Design Stop LLC 1505 S. Federal Highway Rent Reimbursement $21,000 1026 Spectrum Innovations Inc.1300 W. Industrial Avenue, Unit 113 Rent Reimbursement $11,700 The Meaning Channel Group LLC 1210 S. Federal Highway, Unit 101 Rent Reimbursement $15,750 Thai Venture Group LLC d/b/a Kabuki Sushi Thai Tapas 321 E. Woolbright Road Rent Reimbursement Property Improvement $84,000 Loveli Tea LLC 306 E. Boynton Beach Boulevard Rent Reimbursement Property Improvement $56,000 EGVV LLC d/b/a Paloma Mexican Restaurant 510 E. Ocean Avenue, Unit 105 Rent Reimbursement $24,000 DSS Restaurant Management Inc. d/b/a Two Georges 728 Casa Loma Boulevard Property Improvement $59,750 Robinson BBQ Inc.132 E. Martin Luther King Jr. Boulevard Property Improvement $27,900 Bungalow at Boynton LLC d/b/a The Bungalow Bar & Grill 511 NE 4th Street Rent Reimbursement $24,000 The Meaning Channel Group LLC 1210 S. Federal Highway, Unit 101 Property Improvement $9,571.48 Pending Board Approval on March 20, 2025 AJF Dental LLC d/b/a Forbes Dental 1315 N. Federal Highway, Suite 1 Rent Reimbursement Property Improvement $51,750 JB Dental Care LLC 137 NE 10th Avenue, Unit 103 Rent Reimbursement Property Improvement $39,432.48 Diane Andre Mediation LLC d/b/a Law and Mediation Office of Diane Andre Esq. 137 NE 10th Avenue, Unit 106 Rent Reimbursement Property Improvement $38,450 The M Salon & Spa LLC d/b/a Nails & Co. 510 E. Ocean Avenue, Unit 104 Rent Reimbursement $21,000 List of new Business Tax Receipts issued in the CRA boundaries in February 2025: Business Name Address Business Use Gandhi Health & Wellness LLC 630 E. Woolbright Road, Suite B Medical Office Nails & Co. 510 E. Ocean Avenue, Unit 104 Restaurant Enrich Services LLC 309 NE 3rd Street HVAC Contractor Leroy Affordable Paint and Body 817 N. Railroad Avenue Auto Body Work 1027 FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58400-444, $1,000,000 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action is required at this time unless otherwise determined by the CRA Board. 1028 COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: March 20, 2025 CRA PROJECTS IN PROGRESS AGENDA ITEM 16.C SUBJECT: Social Media & Print Marketing Update SUMMARY: Throughout the month of February, a variety of marketing efforts were made to promote various BBCRA initiatives and projects, as well as, a variety of local businesses that operate within the BBCRA area. Social Media Marketing BBCRA Project Posts: Coastal Cruiser by Circuit Andrew's House Cottage District Business Promotional Posts : Utilized Facebook and Instagram feed and stories to promote a variety of businesses, such as: 4 Reel Services Armenia Custom Truss Nails & Co. Promotional Events Ribbon Cuttings for: Design Stop, Nails & Co., and Paloma Boynton Beach Spring Market Digital Marketing Blog Posts: Promoted the following blogs on BoyntonBeachInsider.com: Dirt is on the move for the Cottage District Project 10 Unique Valentine's Experiences in Boynton Beach The Bungalow Bar & Grill: The New Hangout Spot in Boynton Beach Savor Handcrafted Mexican Flavors at Paloma Restaurant Bloom with Love This Valentine's Day at The Blossom Shoppe Florist Redevelopment Works Newsletter : Love is in the air in Boynton Beach - Shopping Local for Valentine's Day Cottage District Project Update 1029 •Attachment I - February Social Media Overview •Attachment II - Facebook and Instagram Posts Boynton Harbor Marina Coastal Cruiser Kinetic Art Experience The Blossom Shoppe Paloma The Bungalow Print & Paid Marketing A quarter-page ad was published in the Coastal Angler to promote the Marina. A half-page ad was published in the Spring issue of Marinalife to promote the Marina. A social media post was shared to the Marinalife Instagram and Facebook to promote the Marina. See Attachment I for an overview of the social media and print marketing in February, and Attachment II for a full listing of the Facebook and Instagram posts that were shared. FISCAL IMPACT: FY 2024-2025 Budget, Project Fund, Line Item 02-58500-480 $150 FY 2024-2025 Budget, General Fund, Line Item 01-57400-216 $2,715 CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action is required at this time unless otherwise determined by the CRA Board. ATTACHMENTS: Description 1030 SOCIAL MEDIA MARKETING OVERVIEW 1031 SOCIAL MEDIA – PROJECT POSTS 1032 SOCIAL MEDIA – PROJECT POSTS 1033 SOCIAL MEDIA - BUSINESS POSTS 1034 SOCIAL MEDIA - BUSINESS POSTS 1035 SOCIAL MEDIA – PROMOTIONAL EVENTS 1036 SOCIAL MEDIA – PROMOTIONAL EVENTS 1037 PRINT MARKETING 1038 PAID SOCIAL MEDIA MARKETING 1039 Facebook & Instagram Posts 1040 Facebook & Instagram Posts 1041 Facebook & Instagram Posts 1042 Facebook & Instagram Posts 1043 Facebook & Instagram Posts 1044 Facebook & Instagram Posts 1045 Facebook & Instagram Posts 1046