Agenda 01-26-261.Call to Order
2.Invocation
3.Pledge of Allegiance
4.Roll Call
5.Agenda Approval
6.Informational Items and Disclosures by Board Members and CRA Staff:
7.Public Comments
Community Redevelopment Agency Board Meeting
Monday, January 26, 2026 - 5:00 PM
City Hall Chambers, 100 E. Ocean Avenue and Online Meeting
561-737-3256
AGENDA
Special CRA Meeting
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
The public comment section of the meeting is for public comment on ALL items on the
agenda or items that are not on the agenda. Each speaker will be given a total of three (3)
minutes to comment on all items on the agenda; however, the Board retains the right to
increase or decrease the three-minute limit prior to the start of public comment. Each
public speaker shall be given the same number of minutes unless it becomes necessary
to terminate a speaker ’s comments in order to maintain orderly conduct and proper
decorum in the public meeting. 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, speakers present at the meeting will go to the podium to make their comments and
speakers participating virtually will unmute their device at the time requested. Speakers
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8.Old Business
A.Discussion and Consideration of the Third Amendment to the Tax Increment
Revenue Funding Agreement between the Boynton Beach Community
Redevelopment Agency (BBCRA) and BB1 Development, LLC for the for the Ocean
One Project located at 114-222 N. Federal Highway
9.Adjournment
may be asked to state their name address for the record. Any person may provide written
comment(s) to the Board prior to the Board meeting.
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
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.
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•Attachment I - Letter to Chris Brown - Third Amendment to TIF
•Attachment II - Exhibit 1 - Draft Third Amendment to Funding Agreement - Removing
Whereas Provision to Add 31 Spaces
COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING OF: January 26,
2026
OLD BUSINESS
AGENDA ITEM 8.A
SUBJECT:
Discussion and Consideration of the Third Amendment to the Tax Increment Revenue
Funding Agreement between the Boynton Beach Community Redevelopment Agency
(BBCRA) and BB1 Development, LLC for the for the Ocean One Project located at 114-222 N.
Federal Highway
SUMMARY:
On June 6, 2024, the CRA and BB1 Development, LLC (“BB1”) entered into a Tax Increment
Revenue Funding Agreement. The Agreement required BB1 revise its already-approved site
plan to add an additional 31 parking spaces. In addition to the additional 31 spaces, the
Agreement also requires BB1 to provide 90 public parking spaces within the parking garage
structure, among other requirements. BB1 submitted a revised site plan with and additional 32
spaces; however, after review with the City of Boynton Beach it has been determined that the
parking garage will only support an additional 18 spaces.
In order to secure its funding and show compliance with the TIRFA, BB1 is requesting to
amend the TIRFA to remove the requirement to add the 31 spaces to the site plan. The
requirement to include 90 dedicated public parking spaces will not be impacted by proposed
amendment.
The item before the Board is a proposed contract amendment to remove such term (see
Attachments I-IV).
FISCAL IMPACT:
To be determined by the CRA Board.
CRA PLAN/PROJECT/PROGRAM:
2016 Boynton Beach Community Redevelopment Plan District
CRA BOARD OPTIONS:
To be determined based on Board direction.
ATTACHMENTS:
Description
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•Attachment III - Exhibit 2 - Draft Third Amendment to Funding Agreement -
Removing Parking Spaces from 31 to 18
•Attachment IV - Exhibit 3 - June 6, 2024 TIRFA
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Via Electronic Mail
January 23, 2026
Chris Brown
Boynton Beach CRA – Executive Director
100 E. Ocean Avenue, 4th Floor
Boynton Beach, FL 33435
RE: Ocean One – Third Amendment To The Tax Increment Revenue Funding
Agreement
Dear Chris,
Thank you and Kathryn for meeting with Rob Vecsler and me today to discuss the whereas
provision within the TIRFA related to revising my client’s site plan to add 31 parking spaces
within the overall garage (Whereas Provision). As you now know, my client is intending to
close on funding on Tuesday, and the attorney for the equity partner has questioned whether
the site plan was revised and whether we are now in compliance with the TIRFA dated June
6, 2024. As you are also aware, during the permitting process, and shortly following the June
meeting, my client did revise the plan adding 32 parking spaces throughout the multiple
floors of the parking garage. Unfortunately, after multiple reviews, the City’s plan reviewer
required us to eliminate 14 spaces reducing the 32 (31 referenced in the Whereas Provision)
to 18 additional spaces above the approved total number of parking spaces. The approved
site plan requires 653 parking spaces. The revised site plan submitted in accordance with
the Whereas Provision included 685 and the latest revised per the city’s request is 671
parking spaces. The latest plan exceeds the number of spaces required in the approved site
plan and there is no impact to the 90 public parking spaces required to be constructed on
the second floor. We are respectfully requesting that the CRA approve the deletion of the
Whereas Provision as provided in Exhibit 1.
I have attached a redline of the requested revision to the TIRFA:
1. Exhibit 1- our request removing the Whereas Provision
2. Exhibit 2- correcting the 31 to 18 parking spaces.
3. Exhibit 3- the TIRFA dated June 6, 2024.
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Please let me know if you have any questions.
Sincerely,
Bonnie Miskel, Esq.
Miskel Backman, LLP
cc:
Kathryn Rossmell, Esq.
Timothy Tack
Vicki Hill
Theresa Utterback
Bonnie Kicklien
Jobara Jenkins
Mercedes Coppin
Renee Rosario
Gabriela Ferreira
Vicki Curfman
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THIRD AMENDMENT TO THE
TAX INCREMENT REVENUE FUNDING AGREEMENT
This Second Amendment to the Tax Increment Revenue Funding Agreement (hereinafter
“Second Amendment”) entered into as of the ___ day of ___________ , 2026, by and between:
BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency
created pursuant to Chapter 163, Part III of the Florida Statutes, (hereinafter referred to as “CRA”),
with a business address of 100 E. Ocean Avenue, Fourth Floor, Boynton Beach, Florida 33435,
and
BB1 DEVELOPMENT, LLC, a Delaware limited liability company, with a business
address of 888 Biscayne Boulevard, Suite 101, Miami, Florida 33132 (hereinafter referred to as
the “Developer”).
RECITALS
WHEREAS, Developer owns the property located at 114 and 222 North Federal
Highway, Boynton Beach, Florida (“Property”) and intends to construct within the Property a
new mixed-use development comprised of approximately 371 multi-family units with related
amenities and approximately 25,000 square feet of commercial space (hereinafter referred to as
the “Project”); and
WHEREAS, the Property is located within the Boynton Beach Community
Redevelopment Area (“CRA Area”); and
WHEREAS, the Developer and the CRA entered into the Tax Increment Revenue
Funding Agreement approved by the CRA on May 7, 2024,(“Original Agreement”) and
subsequently amended such agreement in December, 2025 and January 26, 2025 (as amended,
the “Agreement”); and
WHEREAS, the Developer requested an amendment to the TIRFA whereas provision
within the original agreement to delete the requirements to revise the approved site plan to add 31
parking spaces in addition to the amount approved in the Site Plan as of the Effective Date; and
WHEREAS, the CRA has determined that the minor modification of the Agreement is
reasonable and furthers the Boynton Beach Community Redevelopment Plan.
NOW THEREFORE, in consideration of the mutual covenants and promises set forth
herein, the sufficiency of which both Parties hereby acknowledge, the Parties agree as follows:
Section 1. Incorporation. The recitals above and all other information above are hereby
incorporated herein as if fully set forth.
7
Section 2. Amendment. The Developer and the CRA mutually agree to amend the Agreement as
follows, with deletions shown as stricken through and additions shown with underlines:
WHEREAS, Developer will revise the Site Plan (defined below) to provide an additional
31 parking spaces in addition to the amount approved in the Site Plan as of the Effective Date; and
Section 3. Remaining Terms Unchanged. Except as amended herein, all other provisions
of the Agreement shall remain unchanged and in full force and effect.
(Signatures on the following pages
8
IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the
day and year first above written.
WITNESSES: BB1 DEVELOPMENT, LLC, a Delaware
limited liability company
(signature of witness)
By:
(printed name of witness) Print Name:
Title:
(address of witness)
(signature of witness)
(printed name of witness)
(address of witness)
STATE OF __________________
COUNTY OF ________________
BEFORE ME, an officer duly authorized by law to administer oaths and take
acknowledgments, appeared before me by ⃝ physical presence or ⃝ online notarization this ___
day of __________________, 2026, by ___________________________________________, as
____________________________________ of BB1 DEVELOPMENT, LLC, a Delaware limited
liability company, who is ⃝ personally known to me or ⃝ produced __________________ as
identification.
(SEAL)
Notary Public, State of _____________________
__________________________________________
My Commission Expires: Name of Notary Typed, Printed or Stamped
WITNESSES: BOYNTON BEACH COMMUNITY
REDEVELOPMENT AGENCY
(signature of witness)
By:
(printed name of witness) Print Name:
Title:
(address of witness)
9
(signature of witness)
(printed name of witness)
(address of witness)
STATE OF FLORIDA
COUNTY OF PALM BEACH
BEFORE ME, an officer duly authorized by law to administer oaths and take
acknowledgments, appeared before me by ⃝ physical presence or ⃝ online notarization this ____
day of ________________, 2026, by ___________________________, as __________________
of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, who is ⃝ personally
known to me or ⃝ produced __________________ as identification.
(SEAL)
Notary Public, State of Florida
__________________________________________
My Commission Expires: Name of Notary Typed, Printed or Stamped
10
THIRD AMENDMENT TO THE
TAX INCREMENT REVENUE FUNDING AGREEMENT
This Second Amendment to the Tax Increment Revenue Funding Agreement (hereinafter
“Second Amendment”) entered into as of the ___ day of ___________ , 2026, by and between:
BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency
created pursuant to Chapter 163, Part III of the Florida Statutes, (hereinafter referred to as “CRA”),
with a business address of 100 E. Ocean Avenue, Fourth Floor, Boynton Beach, Florida 33435,
and
BB1 DEVELOPMENT, LLC, a Delaware limited liability company, with a business
address of 888 Biscayne Boulevard, Suite 101, Miami, Florida 33132 (hereinafter referred to as
the “Developer”).
RECITALS
WHEREAS, Developer owns the property located at 114 and 222 North Federal
Highway, Boynton Beach, Florida (“Property”) and intends to construct within the Property a
new mixed-use development comprised of approximately 371 multi-family units with related
amenities and approximately 25,000 square feet of commercial space (hereinafter referred to as
the “Project”); and
WHEREAS, the Property is located within the Boynton Beach Community
Redevelopment Area (“CRA Area”); and
WHEREAS, the Developer and the CRA entered into the Tax Increment Revenue
Funding Agreement approved by the CRA on May 7, 2024,(“Original Agreement”) and
subsequently amended such agreement in December, 2025 and January 26, 2025 (as amended,
the “Agreement”); and
WHEREAS, Developer will revise the Site Plan (defined below) to provide an additional
18 parking spaces in addition to the amount approved in the Site Plan as of the Effective Date;
and
WHEREAS, the CRA has determined that the minor modification of the Agreement is
reasonable and furthers the Boynton Beach Community Redevelopment Plan.
NOW THEREFORE, in consideration of the mutual covenants and promises set forth
herein, the sufficiency of which both Parties hereby acknowledge, the Parties agree as follows:
Section 1. Incorporation. The recitals above and all other information above are hereby
incorporated herein as if fully set forth.
11
Section 2. Amendment. The Developer and the CRA mutually agree to amend the Agreement as
follows, with deletions shown as stricken through and additions shown with underlines:
WHEREAS, Developer will revise the Site Plan (defined below) to provide an additional
31 18 parking spaces in addition to the amount approved in the Site Plan as of the Effective Date;
and
Section 3. Remaining Terms Unchanged. Except as amended herein, all other provisions
of the Agreement shall remain unchanged and in full force and effect.
(Signatures on the following pages
12
IN WITNESS OF THE FOREGOING, the parties have set their hands and seals the
day and year first above written.
WITNESSES: BB1 DEVELOPMENT, LLC, a Delaware
limited liability company
(signature of witness)
By:
(printed name of witness) Print Name:
Title:
(address of witness)
(signature of witness)
(printed name of witness)
(address of witness)
STATE OF __________________
COUNTY OF ________________
BEFORE ME, an officer duly authorized by law to administer oaths and take
acknowledgments, appeared before me by ⃝ physical presence or ⃝ online notarization this ___
day of __________________, 2026, by ___________________________________________, as
____________________________________ of BB1 DEVELOPMENT, LLC, a Delaware limited
liability company, who is ⃝ personally known to me or ⃝ produced __________________ as
identification.
(SEAL)
Notary Public, State of _____________________
__________________________________________
My Commission Expires: Name of Notary Typed, Printed or Stamped
WITNESSES: BOYNTON BEACH COMMUNITY
REDEVELOPMENT AGENCY
(signature of witness)
By:
(printed name of witness) Print Name:
Title:
13
(address of witness)
(signature of witness)
(printed name of witness)
(address of witness)
STATE OF FLORIDA
COUNTY OF PALM BEACH
BEFORE ME, an officer duly authorized by law to administer oaths and take
acknowledgments, appeared before me by ⃝ physical presence or ⃝ online notarization this ____
day of ________________, 2026, by ___________________________, as __________________
of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, who is ⃝ personally
known to me or ⃝ produced __________________ as identification.
(SEAL)
Notary Public, State of Florida
__________________________________________
My Commission Expires: Name of Notary Typed, Printed or Stamped
14
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