Minutes of the Community Redevelopment Agency Board Meeting Held on Tuesday, January 14, 2025, at 6:00 pm Or Soon Thereafter as the Special Joint Meeting of the Community Redevelopment Board and the City of Boynton Beach Commission City Hall Chambers, 100 E. Ocean Avenue and Online Present: Chair Ty Penserga Vice Chair Aimee Kelley Board Member Woodrow Hay Board Member Thomas Turkin Board Member Angela Cruz 1. Call to Order Tim Tack, Acting Executive Director Katheryn Rossmell!, Board Counsel Tammy Stanzione, Deputy City Clerk Chair Penserga called the meeting to order at 7:49 P.M. 2. Invocation The Invocation was given by Board Member Hay. 3. Pledge of Allegiance Vice Chair Kelley led the Pledge of Allegiance to the Flag. 4. Roll Call Ms. Tammy Stanzione, Deputy City Clerk, called the roll. A quorum was present. 5. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda Chair Penserga asked the Board which items they wanted to hear from Section 16, CRA Projects inF Progress. Board Member requested to hear Item 16A. Chair Penserga noted that Item 15B would be removed. He also requested a future discussion on a pay raise for Acting Executive Director Tim Tack, acknowledging his year of service and dedication in maintaining operations. There was consensus. Motion: Board Member Cruz moved to approve the Agenda as amended. Board Member Hay seconded the motion. The motion passed unanimously. 6. Legal There was none. Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 7. Informational Items and Disclosures by Board Members and CRA Staff: A. Disclosure of Conflicts, Contacts, and Relationships for Items Presented to the CRA Board Member Cruz disclosed that the applicant for Item 15C reached out, but no Vice Chair Kelley disclosed that she had a conversation and meeting with the representatives for Item 15C. Mayor Penserga disclosed the same. Board Member Hay disclosed that he spoke with the representative for Item 15C. Board on Agenda meeting has been set. 8. Information Only A. Quarterly Progress Report from BB QOZ, LLC for the 115 N. Federal Highway Mixed-Use Project (aka The Pierce) - October 2024 - December 2024 B. Quarterly Progress Report #7 from Pulte Home Company, LLC for the Cottage District Infill Housing Redevelopment Project - October 2024- - December 2024 9. Announcements and Awards There was none. 10. Public Comments Chair Penserga opened public comment. Mark Karageorge noted the long history and high costs associated with the Cottage District project, spanning five executive directors. He expressed hope that progress would be visible in 2025. He also commended Tim Tack for his work, highlighting his recent FRA certification and dedication to managing both roles. He praised the CRA team but acknowledged external challenges affecting leadership recruitment. No virtual comment. Chair Penserga closed public comment. Board Member Hay asked if the fence around the Cottage District would be raised as work progresses. Acting Executive Director Tack explained that the current silt fence is required by the to prevent soil runoff. He noted that any additional screening would need to be discussed with Pulte and agreed to coordinate with them to explore that possibility. 11. Consent Agenda A. CRA Financial Report Period Ending December 31, 2024 B. Approval of a 90-day Extension to the Commercial Property Improvement Grant Program with Jken Boutique LLC located in Ocean Palm Plaza at 1600 N. Federal C. Approval of the Commercial Rent Reimbursement Grant Program in the Amount of Highway, Unit 9 Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 $24,000 to EGVVLLC d/bla Paloma Mexican Restaurant located in 500 Ocean at 510 D. Approval of Extension of Contract between the CRA and Sadler Builders, Inc. E. Ocean Avenue, Unit 105 Motion: Board Member Cruz moved to approve the Consent Agenda. Board Member Hay seconded the motion. The motion passed unanimously. 12. Pulled Consent Agenda Items There were none. 13. CRA Advisory Board A. 2025 CRA. Advisory Board Meeting Dates Acting Executive Director Tack confirmed these dates were decided and voted on by the Board. B. Pending Assignments - New Assignments from the CRA Board Assigned at the C. Reports on Pending Assignments - New Assignments from the CRA Board Assigned at the February 13, 2024 CRA Monthly Board Meeting - 2016 CRA Plan Revision February 13, 2024 CRA Monthly Board Meeting Recommendations Acting Executive Director Tack stated that the CRA Advisory Board had diligently reviewed the CRA plan, district by district. They will present their findings and provided input on what they Dr. Naomi Cobb, CRAB Chair, read the CRA mission and introduced the Board members. Mr. Courtland McQuire, CRAB Vice Chair, presented the following: 2016 Community Redevelopment Plan; 7 CRA Districts; District Recommendations/onsiderations; Federal Highway Corridor District; Downtown District; Cultural District; Boynton Beach Boulevard District; Board Member Hay supported lighting improvements at' Veterans Park, noting it had been a long- standing concern. He favored adding red, white, and blue lights to enhance visibility and honor Vice Chair Kelley thanked the CRA Advisory Board for their dedication and thoughtful contributions. She emphasized the importance of their input in shaping the CRA plan and enhancing downtown. She appreciated their creativity and commitment, recognizing their efforts Board Member Cruz the board for their dedication and hard work in researching and understanding the CRA districts. She appreciated their efforts in learning about the marina, downtown, and federal corridor, acknowledging their commitment to serving the city and believed should be included in the next plan update. Heart of Boynton District; and Industrial District. the park. as valuable to the board and the community. contributing valuable recommendations for the CRA plan. Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 Chair Penserga praised the presentation, noting ideas like decorative lighting, CPTED, and micro-housing. He asked about mobility options. Mr. McQuire said discussions included bike and scooter programs, electric vehicles, and designated Lyft/Uber spaces downtown. Chair Penserga asked about potential locations for a splash pad. Dr. Cobb said the board considered options to create more spaces for children beyond the library and Children's Museum. Chair Penserga also supported renaming streets to honor community figures, emphasizing the Board Member Hay suggested researching ways to honor the city's two Heisman Trophywinners, emphasizing the need to market this unique achievement. He encouraged the group to explore Vice Chair Kelley suggested revisiting the CRA plan to incorporate historic preservation, considering community input and recent discussions. She proposed evaluating whether changes are needed within existing districts or if a new approach is required. Dr. Cobb emphasized the importance of community engagement, noting that board members actively participate in local Acting Executive Director Tack clarified new assignments, confirming the CRAB board would explore monument options for Heisman recipients, including potential locations and creative ideas. He also acknowledged Vice Chair Kelley's request to consider incorporating historic importance of recognizing those who shaped the city. options with the city to recognize and celebrate this distinction. events and discussions to promote city initiatives. districts or preservation efforts within the CRA plan. 14. Old Business A. Continued Discussion and Consideration of Circuit Transit Inc.'s Contract for On- Acting Executive Director Tack stated that CRA staff met with city staff in December and recommended maintaining the current structure. An amendment to the interlocal agreement will be reviewed in February, with a proposed shift to a one-year term with renewal options. Input will be sought on signing authority and whether the board should review the agreement annually. B. Continued Discussion and Consideration of MLK Jr. Boulevard Corridor Mixed Use Acting Executive Director Tack provided an update on the MLK Corridor commercial redevelopment, which includes 124 multifamily rental units and 8,250 square feet of leasable commercial space. Staff continues working with Centennial Management to guide tenants through the process, determining whether they will use Centennial's contractor or their own. A form was created to clarify the allocation of the $50,000 developer contribution among seven tenants. Staff is also addressing construction cost escalations, which may impact tenant participation, and working on distributing the CRA's contribution. Weekly meetings with Vice Chair Kelley stressed the need for regular updates tol keep tenants informed, citing concerns Demand Transportation Services Project Update (d/bla Heart of Boynton Shops) Centennial will continue until the project is finalized. Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 about miscommunication with the developer. Acting Executive Director Tack suggested inviting Centennial Management to the February meeting for an update, noting discussions on material cost escalations and the developer's responsibility for delays. Vice Chair Kelley agreed to consider additional contributions but maintained that the developer should cover cost increases. She supported bringing Centennial in, emphasizing the need for accountability and timely progress. C. Continued Discussion and Consideration of Search for the New Executive Director- TABLED 11/21/2024 Motion: Vice Chair Kelley moved to removed Item 14C from the table. Board Member Hay seconded the motion. The motion passed unanimously. 15. New Business A. Discussion and Consideration of Executive Recruitment Firms for Executive Director Candidates TABLED 11/21/2024 Vice Chair Kelley moved to removed Item 15A from the table. Board Member Hay seconded the motion. The motion passed unanimously. Items 14C and 15A were heard together. Acting Executive Director Tack stated that staff had outlined the process for moving forward and provided a list ofi interested candidates for the board's review. He requested discussion on which Chair Penserga expressed readiness to proceed with hiring an executive searchi firm, highlighting two firms with strong track records in recruiting for city managers, redevelopment experts, and public works directors. He welcomed input from colleagues on the selection. There was Acting Executive Director Tack noted that the bottom two firms, along with Prime Head Hunting, offer fixed pricing and guarantees to redo the search at no charge if the placement is Board Member Cruz supported the recommendation fort the S. Renée Narloch & Associates firm, emphasizing its focus on local CRAS and the importance of distinguishing between economic candidates the board would like to interview. consensus to go directly to an Executive Recruitment Firm. unsuccessful. development and CRA-specific expertise. Motion: Board Member Cruz moved to select S. Renée Narloch & Associates firm. Board Member Hay There was consensus to authorize the Acting Executive Director Tack and staff to move forward seconded the motion. The motion passed unanimously. with next steps. Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 B. Discussion and Consideration of the Andrews House Located at 306 SE 1st Avenue Item 15B was, previously discussed during the special joint meeting. C. Discussion and Consideration of Tax Increment Funding Request from Time Equities Mr. Bradley Miller, Urban Design Studios, on behalf of Time Equities, presented the following: Time Equities, Inc., Bloomberg Article; Town Square Background; Revised Master Plan; Ms. Bonnie Miskel and Mr. Robert Singer continued the presentation and reviewed the following: TIF Aware Is Key to Unlocking Town Square; Newspaper Articles; Town Square "Fiscal Gap" = Two Phases; Fiscal Gap/TIF Request; Construction Start Dates; Memorandum; Revenues through 2026; Bond Payments through 2024; Two-Phase TIF; Public Benefits Per Site Plans/Development Agreement; Exhibit F - Public Benefits and Economic Impact; and Direct and Indirect Economic Impact from Project (2063). Chair Penserga asked if providing the TIF would allow the project to start sooner and generate revenue earlier. Mr. Singer explained that projections depend on assumptions about when construction would begin without the TIF, but starting sooner would significantly increase revenue. While speculative, the project has a clear fiscal gap, and the TIF would rebate funds that wouldn't exist without development. He emphasized the project's scale, its alignment with the CRA's mission, and the economic benefits it would bring. The TIF would ensure timely delivery, and once it expires, the city would receive substantial long-term Vice Chair Kelley asked why the TIF request was needed now rather than after Phase One breaks ground. Mr. Singer said securing commitments now provides certainty for the city and financial partners, ensuring Phase Two follows smoothly. Investors prefer large, predictable projects, and locking in dates prevents long-term vacancies. While adjustments could be discussed, he stressed that early commitments would keep the project on track. Vice Chair Kelley asked fort the proposed timeline. Mr. Singer stated that, ideally, construction could start by the end of the year, with a buffer allowing for July 2026. Phase Two was projected for completion by 2032, allowing time for leasing, stabilization, and refinancing. He emphasized that TIF funds are a rebate tied to project completion, not an upfront cost to the city, and urged using the tool while available. He acknowledged concerns about the funding Mr. Barry Abramson, Abramson & Associates, joined virtually, and supported the developer's request, noting that the current market conditions justify financial assistance. He acknowledged the developer's significant investment in the site and the public benefits, including parking and workforce housing. While he agreed that Phase One warrants TIF support, he questioned the need to commit funds for Phase Two now, given its uncertain timeline. He suggested waiting until the market conditions for Phase Two are cleareri in four for the Town Square Project located at 100 E. Ocean Avenue Overview and Development Costs; Aerials; and Renderings. revenue and economic growth. request and welcomed further discussions with the board. Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 to six years. He emphasized that these are separately financed projects, and that the city could retain $15 million if the market improves. He recommended structuring the TIF Vice Chair Kelley asked about typical TIF agreement start dates. Board Counsel Rossmell explained they vary by project, often tied to site plan approvals. While a 9.5-year buildout has been approved before, a 2032 start for Phase Two would be unusual, though the CRA Vice Chair Kelley asked about including a clause for reevaluating the Phase Two TIF agreement. Board Counsel Rossmell confirmed the CRA has broad flexibility ift the developer agrees. Mr. Singer expressed willingness to include a check-back provision but preferred it not to require a full reassessment. Ms. Miskel suggested a review before submitting building permits, with an updated study to verify that previous financial assumptions remain D. Discussion and Consideration of the Interlocal Agreement between the City of Boynton Beach and the Boynton Beach CRA for Providing Reimbursement for the Construction Costs of the Neighborhood Officer Policing Program Location located E. Discussion and Consideration ofthe Authorization of Acting Executive Director to Sign the Construction Contract for Unit 8 at The Heart of Boynton Shops for the agreement to allow for potential adjustments based on actual needs. has flexibility to set conditions. reasonable. within the Boynton Beach Community Redevelopment Area Neighborhood Officer Policing (NOP) Program Items 15D and 15E were heard together. Acting Executive Director Tack explained that Unit 8 was designated for the Neighborhood Officer Program (NOP) under an interlocal agreement (ILA), allowing the CRA to reimburse Centennial Management up to $100,000 for buildout costs. The updated cost is $155,875, exceeding the initial allocation. The CRA seeks approval to amend the ILA to cover the full amount, with the city contributing $31,977.36. The draft ILA and construction contract are submitted for approval, including authorization for the Acting Executive Director to sign pending legal review. Motion: Vice Chair Kelley moved to approve the Interlocal Agreement between the City of Boynton Beach and the Boynton Beach CRA for Providing Reimbursement fori the Construction Costs of the Neighborhood Officer Policing Program Location located within the Boynton Beach Community Redevelopment Area and Authorize Board Chair to execute pending final legal review. Board Member Cruz seconded the motion. The motion passed unanimously. Chair Penserga opened public comment. No one came forth to speak and no virtual comment. Chair Penserga closed public comment. Motion: Vice Chair Kelley moved to approve the Authorization of Acting Executive Director to Sign Meeting Minutes CRA Board Meeting Boynton Beach, FL January 14, 2025 the Construction Contract for Unit 8 at The Heart of Boynton Shops for the Neighborhood Officer Policing (NOP) Program pending final legal review. Board Member Cruz seconded Chair Penserga opened public comment. No one came forth to speak and no virtual the motion. The motion passed unanimously. comment. Chair Penserga closed public comment. 16. CRA Projects in Progress A. 2024 Holiday Boat Parade Recap Ms. Gabby Ferreira, Marking and Business Promotions Coordinator, reported on the 52nd annual Boynton Beach Holiday Boat Parade, held on December 13 in partnership with Hypoluxo, Manalapan, and Delray Beach. The parade began at 6:30 PM from the Ocean Avenue Bridge and featured 42 registered participants. A watch party at the marina included live music, children's activities, a vendor market, and a visit from Santa. Local businesses were showcased, and waterfront restaurants participated. The parade winners were announced on January 9, concluding a successful event. Ms. Ferreira displayed images of the winners. B. Social Media & Print Marketing Update C. CRA Economic & Business Development Grant Program Update 17. Future Agenda Items A. 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 B. Discussion and Consideration of a First Amendment to the Interlocal Agreement (ILA) between the CRA and the City of Boynton Beach regarding Contract with Circuit C. Discussion and Consideration of Approval of Circuit Transit Inc.'s Contract for On- Highway Mixed Use Project (aka The Pierce) Transit Inc. for the BBCRA Pilot Ride Share Program Demand Transportation Services 18. Adjournment There being no further business to discuss, the meeting was adjourned at 9:56 P.M. Aommactagat Tammy Starzione, CMC) Deputy City Clerk