Good evening everybody and welcome to the Boynton Beach Community Redevelopment Agency board meeting today is Tuesday, August 13th, 2024. And the time is now 6.01 p.m. Let's begin this meeting by the invocation which will be led by board member Hay followed by the pledge of legions led by vice chair Kelly. Let's all stand for the invocation and plunge. Let us pray. Heavenly Father, we thank you for this day, but this is the day that the Lord has made. Let us rejoice and be glad in it. Heavenly Father, we ask that you guide this CRE board as we seek your wisdom and clarity to make decisions for our communities growth and prosperity. Grant us the insight to serve with integrity and the courage to act with compassion. Lord Mayor Action, reflect your love and bring positive change to our great city of Boynton Beach, Florida. Bless, Lord, our efforts and unify our hearts and service. For it is in the precious name of Jesus, the Christ that we do ask at all, let which it's best. One million, and we know that, in the news book, liberty and justice for all. Thank you, everybody. As always, I want to remind all those here and all those online of our rules of civility and decorum. Speakers must first be addressed by the chair and not interrupt any other speakers. Public comments must be addressed to the board as a whole and not to any individual on the day or in the audience. Public comments can be addressed through me. Disruptive behaviors, stamping a feet, yelling are strictly prohibited, personal tax, and soul's hate speech are obviously prohibited. Should you violate these rules, you may be asked to leave these chambers. So please govern yourselves accordingly. Let's move on to roll call, may I? Chair Pancerca. Here. Vice Chair Kelly. Here. Board Member Cruz. Here. Board Member Hay. Here. Board Member Turkin. President. Chair Pancerca, you have a quorum. Thank you so much. Agenda approval, additions, deletions, corrections to the agenda. As always, I want to ask my colleagues if there's anything from Section 16, CRA projects in progress that you would like to hear from staff. Otherwise, let them know. We'll let them know that they don't need to stay for that portion. Any request from my colleagues? Board Member, hey? Yes, as always, I'd like to see him okay, update. Okay, so that would be 16F, we're gonna do 16F. Staff, I see that you highlighted that we have a video for the night market. Is that correct? I would like to see that. Yeah, let's see that, let's do that. I'd like an update on that because I wanted to talk about next year. Okay, great, anything else from my colleagues under this section? Seeing none, let's go around the days if you have any amendments to the agenda. Let's begin with Board Member Turk and any request. None, Board Member Hay? None. Okay, Vice Chair. No, thank you. Board Member Cruz. No. All right, with that, may the motion to amend the agenda. So moved. Second. So moved. Sorry. All right. We have a motion to second. All those in favor say aye. Aye. All those opposed. Motion passes unanimously. Agenda is approved. We have nothing under legal. Good evening, council. We're going to move on to 7a. Disclosures of conflicts, contacts, and relationships for items presented to the CRA board on the agenda. member crews this time if you have any disclosures of conflicts. Yes, Chair. I have a disclosure for 15A. I spoke with representatives from BB North LLC. Manny Mato as well as Miss Miskel. All right, Vice Chair. Thank you, Chair. I also spoke to representatives on 15A. Thank you. All right. For myself, I spoke to the same representatives for 15A, Board Member Hay. No disorders. Okay, and Board Member Terkin. I did speak with Manny and Bonnie regarding 15A. All right. Sounds good. Anything else from my colleagues? If you think of anything else, just let the Board know and the public as well. We're going to move on to public comments. This is a time for non-agenda items or consent agenda items. If you'd like to speak on non-agenda items or consent now is a time to approach the podium. As always it's three minutes per person after we conclude with those in person. We'll go to those online and it is not a Q&A but we are taking down notes. Seeing no one approaching the podium let me look online and I see no one online for general public comments. Is there one? She wants to speak. All right, great fun. This is the time for you there. Yes, come on up. Please approach the podium. As always, say your name for the record and let me switch to the timer so we get you your time and begin when you're ready. Hi. I'm happy to be here today and meet everybody. I've met you at other various events. You name for the record please. Linda Willemaine, I'm living Sterling Village. Okay. Okay. And I was here in support of something that was on the agenda. So that's why I was confused if this is a non-agenda item or an agenda item. My comments were about the circuit. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. I'm not a judge. We're over 55 community. Our average AVI is 75. People laugh, it's not funny. It seems very, very old, but I myself am 72, so it's nearly not that old. But anyways, when we had our community and the circuit came and helped us how to use it and the benefits of it, they had two expressed two interests. They'd like to see it go to the cemetery because a lot of our residents have members that there and they go there frequently. And the other thing was our veterans would like to see it go to the American Legion. So I had been in contact with people from the circuit and people like Dan Dugor's Secretary Candoress to kind of coach me and give me some advice on how can I really be an advocate for this program. I love this program. I'm passionate about it. I think it's the greatest thing since Pancakes and I'm just so happy that we have it. I want to see it continue and I do have some other comments but they're not questions because I've never been to a meeting before. So I apologize. I don't want to ask a question or be talking to anybody in specific but I'm just so happy to meet you and everybody to actually know who Linda Willemaine is. Like I said, I've been on the phone back and forth with various people, so they know me and they know my passion. And what I guess I came here today is, is say I would like to continue to advocate for the circuit for everyone in the CRA district. I think it's the greatest thing since Pancakes, especially for my community. We have a lot of people who are afraid to go in a uber, but they trust the circuit. They know that the employees are quarry checked and they feel confident and it's affordable. So I'd like to see the program. I don't know my three minutes are up. I don't know if that means 49 seconds over there, but I take advantage of every single second I have with you. I hope you like me. I really like, and I think point and beach is a great, great, like you said, a great community. The only thing I would like to say is if there's any way, if anybody knows of any way, I can continue to help advocate to expand maybe and answer my question if it's even possible to even get it over to the Sanitary or over to the American Legion. And then lastly to try to get it over to the tri-wheel because I think that that would be phenomenal if we could get something to get to the tri-wheel. Just to expand public transportation and support what we already have here. So I guess all I have to say is 10 seconds left. And I want to say thank you so much. It was a pleasure meeting you and I hope you remember me. I think you will, but thank you. Thank you so much, Linda. Thank you. Thank you. Just FYI, we do have an item about circuit on 14. Is that E? Nope. Which number was that C? 14 C. 14 C. So you may be interested in sticking around for that or speaking to the representatives. I don't know if they're already in the room. Oh, they're there. They're waving. All right. Okay. You beat me to it. All right. Is there anybody online? I see the other people online are there for items specific topics. Okay. Great. So public audience or public comments is now closed. We're going to move on to consent agenda. Are there any items under Cancena? My colleagues would like to pull anything else under consent? No request to pull. May I have a motion to approve Cancena agenda? We have a motion to board member Turk and I heard a second from Vice Chair Kelly. All those in favor of approving the agenda say aye. Aye. All right motion passes unanimously. We're moving on to CR8 advisory board. Let me turn to Mr. Tach if if you have any updates from the Advisory Board. Thank you, Tim. Good evening, Board. The CREB, they met on August 1st. They are continuing to discuss the CRA plan. They reviewed the cultural district and are intending on reviewing the industrial district on the next meeting in September. Great. Okay. Any other updates on this? On other discussions they've had? Or recommendations? any other updates on this on other discussions they've had or not today but however we will be bringing the budget before the Crab Board or before them at the next meeting in September to discuss. Okay all right any questions about this for Tim or my colleagues. All right head and nods I think we're done moving on to old business section 14 the very first item 14 a update on negotiations with Maple Tree Investments in response to the second RFQ for the USPS project on the CRA own project located at 401411 East Point Beach Boulevard. I see here that we have a Todd Conley and a Richard Hancock. Tim, would you like to kick off the item and then we can pass it off to one of the speakers? Absolutely. This property is airmarked for the new retail operation for the United States Post Office, which is currently located at 217 North Seacrest. On July 19th, the CRA staff received a letter from MTI offering a purchase price, a revised purchase price. For the properties to 817,000, which is 100,000 less than the original offer, the USPS has also provided a request letter to follow that up, showing that they are in agreement with that. MTI has also verbally requested that part of the terms for the purchase and development agreement that they have a fully executed lease with the USPS in place and that they can turn over the property at the time of a permit. So those two representatives are here to discuss this. If you have any questions, and this for your consideration. All right, sounds good. Before I ask them to come up, let me first find out if any of you have any questions for them. Any requests for them to come up? All right, I guess not. For the speakers online, is there anything specific you would like to add in addition to what's already been said? I just want to make sure I gave you that opportunity. I don't know if you can hear me this for a hand talk, but we'll be able to hear you. Good evening. At the post office. What happened? Go head Richard. I'm sorry. I'm sorry. I'm sorry. I'm sorry. What happened? Go ahead, Richard. This is a strange situation. I apologize. It's a little different. Yes. I have nothing to add. I'm very grateful for the board's time. I'm very grateful for the board's time. I'm available to answer any questions. Okay, I'm seeing no questions with that. I wanna thank you for your time. Tim, do you have any recommended action steps if not, we'll just continue. We would be looking at the board's direction and we can look at negotiating terms and come back with a draft purchase and development agreement for your review. That's a nice meeting. I'm seeing head nods. So you said next meeting or maybe to me. What's your expectation and timeline? Well, hopefully we can negotiate. It'll either be the next meeting if it goes quickly or the following. Depending on how quickly we can get a draft agreement and turn around. Okay. All right. Any questions before we move on? This is what we needed. Okay. Great. Now moving on to 14 bb. Okay. All right. Any questions before we move on? This is what we needed. Okay. Great. Now moving on to 14B. Presentation on extension of Boynton Harbor, Marina Fuel, Doc Hours and the cost associated with management of the extended time. I know we had Brian Smith in the audience. Brian, I'm not sure if you wanted to start or Tim, either one. I'm more than capable. Brian is our ace in the hole here. He'll be able to tell you everything you need to know. Good evening, board. Good evening. On per our agreement on January the 15th, we started our new schedule from 7 a.m. to 6 p.m. over at the Marina. Ran it for six months. I kept up with everything in a daily spreadsheet of all the extended hours, the test hours. And I also provided a report with the findings. And so if any of you want to have any questions for me about it, I think that the morning, just to sum it up, the morning hours weren't as good as the afternoon. Some of the afternoon hours towards the summer were, you know, got to be some pretty good business. But the spreadsheet and the, you know, the gallon sold say it all. So I'm happy to take any questions or discuss it with you guys. All right. Board member. Yep, turn it on. Nope, thanks Brian for doing this. And thanks Tim for amending the agenda. It would be helpful to make sure if we're doing a financial analysis to differentiate revenue from profit, right? And so, yeah, I'm sad to see the morning, but I think there's opportunity in the afternoon for sure looking at these numbers. Look at the gas too it's 374 super cheap you know and I think Tim was saying that majority of our majority of those afternoon sales transactions were in our marina there were our current tenants do we know can we differentiate who was actually purchasing that fuel after hours? So the reason I'm asking something, I'm still getting like text messages about like not being open early enough and I'm like, guys went from 8.7. What do you want us to do? Six, like we're not, you know, it's we're burning a hole in our pocket. Yeah, we were sitting out there in the mornings, a lot of these mornings. And of course, you have weather and other factors rough conditions, but a lot of mornings, we were sitting out there with no boats. And a lot of those morning boats that you do see on there are tenants. I would say in the afternoon, the majority of the boats would be the mid-sized center consoles that we see the most of. That's our bread and butter, gasoline customers, with the outboards in 35, 40 foot range probably. So like the fourth of July week, I mean we could have stayed open the Wednesday before the fourth, probably till 11 and still, I mean, it was just so busy on the waterway, but if it were to rain that day, you just can't, you really can't tell sometimes, but around the holidays, in those summer months, the afternoons appeared to be something to look at. Yeah, I would, obviously the numbers, the number and the numbers and the data don't lie. I would be in favor of looking at the summertime. Summertime is typically busier for center consoles. The weather, let me rephrase that. The weather's better for fishing typically in the summertime. Last year, summer's been kind of weird with that El Nino switch. But I would be in favor of maybe looking at the summertime hours, keeping the holiday hours for extending that five to six, and then reverting back to normal for the, I mean, looking at this, I think there's like a handful of transactions in the morning. Right, so that doesn't make sense to stay open there. I would recommend not doing the mornings and sticking to our Saturday, Sunday, morning, and seven. Right, right. You know, like we've done all these years. And then I have in my notes May 15th through July 15th, as maybe stay in open until six for those two months to cover. And then maybe the week or two before Labor Day. I mean, we could extend it between Labor Day and two weeks before Memorial Day, like in May. No, yeah, I would definitely say May is a good starting point. You know, I, because again, you know, between May and September, typically, it's a little, it's a little, more people are fishing. More people are, you know, you highlighted, you know, who your typical customer is. You're meeting potatoes is the two outboards, the three outboards, the center consoles, right? The local guys. Right. The local guys are coming up. You know, they're doing more trips in the summertime. We don't have the data for August, right? So I don't, I couldn't make a decision without including August without looking at the data because you could argue that maybe, you know, trending, you're seeing a trend, right, that you're getting busy because more people are identifying that the hours are changed, right? You know, you lose about a month or two in any business when you make a change to educate your clients. You know, they've had a few already that called, you know, at seven. Thought you guys were open, but. Right. You know, there weren were anywhere to be found whenever we were actually open. Yeah. I think in the summertime, obviously, because of daylight too, you know, I, I, summertime keeping it open till six. I think you're going to cover your cost there. It's a service to the community, you know, and I mean, people are able to get there. And the, you know, the gas is cheaper than I've seen at other marinas, trying to keep it competitive. Yeah, no, it's good. I work real hard at that. Yeah, and you do drive. And sometimes you can't do it. That's right, that's right. And well, yeah, yeah, I gotta get the labor to. And you know, what I normally see is after Labor Day when September hits. Right, business in general sluffs off. Right. So if we wanted to do the whole summer, May 15th through Labor Day, just till six in the evenings. Yeah, I might consign on to that. I think that, if you think that, I think that makes sense, right, I think that makes sense with the sunlight, makes sense with how busy the season is during the year. And then after, I mean, Wednesday likes having something in November. We, yeah, so, you know, I think that's a happy median is, you know, May 15th, you know, the Labor Day. Yeah, for two weeks. September 1st. At least a week or two before Memorial Day, I mean, we started to get it and see it in the numbers. And then through Labor Day, it made, it made, it made Labor Day. Yeah, that's, that's around that. All right, sounds good. Let's hear from anyone else from my colleagues. Would like to ask any questions or comments on this item? Board Member Hay? I just, I agree with the discussion. I was thinking more or less, just keep the, I was the same, you know, 8, 5, and 2 special holidays. But I hear what you're saying, Ron, that, you know, from May to September 8th. So you there, you have more of a hands on. So I'll go along with you just state it Would be fine with me Thank you sounds good. Thank you board member anything else from my right Go ahead vice-chair no just Ryan thanks for Doing this and I think that you know, I I feel like It's always important for us to look at other ways that we can help the community. And Commissioner Trurquham brought this came up last year. And so really, we're looking to you for you know, you're the expert in both gas. So to speak and business as far as the marina goes. And so if you think that adding that extra hour during that summer time, you know, is the next experiment to take, then I support that. I think that you're the best one to kind of guide us in that direction as far as that goes. So, like you said, it was a great exercise. I think doing this six months, we learned some things, right? So, I was, I think it's important for us to have done it. And now, act on it from what we found. Yeah, and I don't feel like it was a total bust. I mean, we did, we did get customers. We didn't make, you know, it cost us a little bit to do the experiment, but I feel like it was worth it to see if there truly was a large benefit. So I support the recommendation to experiment with some more times and see what happens. So thank you. You're welcome. All right, thank you. You're welcome. All right, thank you. I take it. We'll need a formal, I'm sorry, board member Cruz. Much thank you, Brian, for bringing that up. And of course. And I support your recommendations. OK, I take it. We need a formal motion and all of that. So Brian, before we do that, I have to open it up for public we give you a motion. Is there anyone who would like to speak specifically on this item about possibly changing the hours? All right, no one in the room is there anybody online? And I see no one online with that public comment as items now closed. Who would like to make the motion? Motion to approve the recommendation. I'll approve the recommendation for changing the hours in the morning back to 8 a.m. and from May till September until 6 p.m. in the evening. It's like a beginning of May or 15th of May. You want to do beginning or the 15th. What's your recommendation 15th? 15th. Yeah and then through Labor Day weekend. Yes, yes, through Labor Day. Three Labor Day weekend. Basically, we'll stop the Tuesday after Labor Day. Yeah, whatever that falls in. Excellent. That's your motion. Yes. Is there a second? Second. All right. We've got a motion from board member Turk and a second from board member Hay. All those in favor of the motion say aye. Aye. Aye. All those opposed. passed unanimously. Thank you so much Brian real quick Brian. Yes, I'm sorry me. Oh Who what's the name of the woman that works the dogs there brown hair very charismatic? That would be Natalie Natalie's awesome. Oh, let her know you said she is She is a great representation of that fuel. I get a lot of content Compliments on her and the rest of the staff, but yes, she's a great personality. Yeah, very, very nice, very welcoming. I saw how she was greeting customers, accolades to her. She keeps us all on her toes. I'll let her know you said that. Yeah, she's sharp, that's for sure. Thank you very much. All right, thanks everyone. Thank you for your clarification. We're doing this on the next year starting up in May. Did you want to look at Labor Day this year? I think I do. Do we want to continue on to Labor Day? And then just start May. Are the hours, the hours are changed now. They're now, so we might as well keep them. Yeah, we're back to our regular scheduled hours. So we're closing at five during the week. Oh, we're back to our regular scheduled hours. So we're closing it five during the week. Oh, we're back to five now We're back. We stopped on July the 15th was our six month test, right? So okay, we're going we're on we're close to a month back to normal Got it. So I got it. We could kick it up for a couple weeks before if that's what you're asking Tim I'm just I'm totally willing to do that. I'm just, you know, into September. So I just didn't know if you wanted to hit it this time around. I just started. I think so. There's a demand. You know, there's a demand for it in the afternoon. So we can try to start two weeks out. I mean, that's coming up next week. You know what? So will it take two weeks? Is that what you're saying? that we were saying they get back and rolling because then you got to re advertise the hours again. Oh yeah. Maybe we just think a Labor Day weekend. Yeah, I don't think the advertising will have enough time to get much of that going. Yeah. So maybe we just do the holiday hours for Labor Day weekend. Because I mean that's for the week. Gosh, we're already mid-August. Right. So the week of we're getting close. the week leading into yeah let us do the holiday hours maybe for the uh for Labor Day weekend well I would so we're already open to on the weekend itself we're already open to six so I was thinking if we started on the Monday just running late okay the week before yeah so we can just do that without advertising put up a sign or something and just see what happens and And then start fresh next year. And then start fresh next year. Sounds good. Perfect. All right, anything else? If I can just clarify for the record real quick, I'm completely comfortable with the doc seeing open for those hours based on the motion that you just made, but I'll just take by consensus your approval that he doesn't have to do it for the next couple weeks. Right? Okay, that's enough head now. All right, thank you. Thank you. Thank you, Brian. Thanks, everyone. Moving on to 14C. This is the Circuit Transit Inc. First Quarterm Report for Service Data in March 23, 2024, through June 30, 2024. Do we have Elena Wartsman and Jason Bagley in the audience? All right, good evening. And we got the presentation loaded. Great. Either one. Yeah, either one. and we got the presentation loaded at great. Either one, yeah, either one. Just make sure to turn on the mics. Awesome. Sarah, oh, beautiful things. So as you all are aware, as a part of the agreement, they have to do a quarterly presentation and that's what they're doing tonight. Good evening, board. Thank you all for having us here. Could you make sure the mics are on? Hello. Okay. Okay. Okay. Where is the presentation? Oh, okay, there it is. Perfect, beautiful. Hello, my name is Alana Wirtzman. I am the Public Partnerships Manager with Circuit. And you already mentioned it. Did you? All right, good. Jason Bagley, Partner with Circuit. Thank you all for having us here. Okay, perfect. Yeah, it's been so great working with Tim, Bonnie, and their team. So just definitely want to say thank you all so much. It's been really fun so far. Good six months. Excited today to give you a little bit of an update on what's happening and just a brief overview. If you're not familiar with circuit by now hopefully you are but we you know our mission here is to help take cars off the road and we're doing that here in Boyne Beach in a very affordable way without burning an ounce of gas so we're helping get people to need to where they want to go where they need to go and all at the same time helping really drive economic impact here in the city of Boenbeach as well. And just a little bit more about circuit. We are nationally across the United States. We have a heavy presence here in South Florida. So this is just a list of our other operations. So if you're ever outside of Boenbeach, you can definitely still catch a ride. So if you're ever outside of Boyin Beach, you can definitely still catch a ride. So hopefully you have downloaded the app by now. But one thing that's missing on there for Florida is Orlando. So we're actually due to open there as well in September. And then again, just referring back to the app here. If you haven't downloaded it, you could just go to the App Store, it's Ride Circuit, and you can catch a ride. It's been amazing to work with also Linda and the team. She just had the public comments earlier, but when we did the education piece at Sterling Village, it was, I was there and it was really great because a lot of people think that like seniors don't have, you know, access to a smartphone, but everyone there did. It's more just so about like educating them and how to actually download the app. And once we were there showing them how to do it, like it was great. So about 20% of our riders here in Boyne Beach are 64 and older. And they're very open to using the app. And like Linda said, they want to take it to get to where they need and want to go. So our app is continuously making updates and improvements. We've had about 42 updates since 2019 on the app. And it's great too because we're local, right? So we live here in South Florida, Bonnie and Tim know how to reach us. So if you're ever having an issue on the app or something's happening, you reach out to us, right? And we'll hopefully be, we're usually very responsive. So that's a great thing also about working with us is that we're here. We're local and we can help you out if you ever have issues. So just again, just a brief overview about the service. We're open Monday through Sunday. We have four vehicles right now. One of those vehicles is an ADA compliant vehicle and then the service coverage area here. So sorry, this is so simple. I can't read it from here. Oh, hey, there it is. Cool. Perfect. So I just wanted to give a quick sample of our data reports that Bonnie and Tim receive monthly. And we're always happy to share these if you're interested in digging more into this data. But what we provide on the monthly basis can be seen here. So our total rides, our wait times are great. We always aim for below 10 minutes, and we're way under that. So this was in April. We moved around 1141 Paxes passengers. And then what the consensus is, when we talk to our operations team, is that they love our drivers so we have a great driver rating they're really ambassadors for the community right they live here they work here so they're really able to you know talk to the riders about where to go what restaurants are good what local shops are great so we really really love our drivers here in Boyam Beach and really helping you know as little tour guides too when you hop on a circuit. And then we also provide the breakdown of age demographics and then a couple of others that you can see up there too. And then just a continuous breakdown of the data reports here so we can really see when our peak times are. So people love the happiest of hours. So far that we've seen in Boyne Beach has been really popular between like 5 PM and 7 PM and then the early morning hours as well for commuting. And then during that mid day, around 12 o'clock when people are going out to get groceries. We recently did a survey, and there's more about that on a couple more slides. But people are loving to take the circuit to pick up their groceries. It's really helping them so they don't have to drive or worry about it and find parking. And then our busiest days here are on Fridays and Saturdays. And then on the right, you see our wait time buckets. So we love to see those high graphs there on the left hand side. So people are not waiting any more than 10 minutes, typically. So this is our heat maps. This is data from April to July. You can see where it's more condensed there in the darker areas. That's where more people are going. So we were able to look at our top pick off and top drop off definitions, locations. The beach stop has, you know, continues to be number one, but as you can see there on the right-hand side, those are been the top 10 destinations here in Boynton Beach. So how is it going with ridership? We started in, you know, April. So that led in to kind of like the off peak season here. However, in July, we actually did see an uptick. So there you see in June, we did about 752 riders. This past July, starting to increase. So we had about 874 riders for the month of July. So we're hoping to see that number increase as well as we lean off the off peak season here. And hopefully those numbers will start to increase as we get into the peak season. And then the greener rides. So those are pooled rides. No Jason, if you wanna talk about like the hourly data we pulled for Friday and Saturday. Just diving in a little bit more broke this down. This is the Friday Saturday chart. It goes into the hourly breakdown. One recommendation we had Friday and Saturday is obviously the peak days but as we get into Sunday through Thursday Where we're cutting service at 8 p.m. There might be some value to extend that to 9 p.m Those days especially as we get into season and people want to go out to dinner and be able to get a return trip So that was the one you know one of the ideas we had around what we're seeing in other markets and what might be a good fit here Just a quick overview. This is basically when we started. Again, the service launched March 23, but it was a bit of a soft launch. We've done about 4,000 rides since then. And again, July was up over 100 riders over June. So hopefully we're coming out of the slower summer months as we see everywhere. The driver rating has been really great. 4.94 out of 5. The driver rating has been really great, 4.9405. The fares, there's not really any pushback on that. Creating local jobs and the monthly economic impact. NGHG emissions avoided. It was always a big metric we like to look at. And again, as a lot of mentioned, survey that we recently did last month, some comments here and we, I don't know if you all share this document or I won't read through, but some really positive feedback and we know that people are loving the service. There's a lot of ideas of where they'd like us to connect to that we currently don't. One of those that keeps coming up is Tri-Rail. I know this was all focused on CRA. There is some grant opportunities. I know there's FDOT, and I think I shared one with you today as well, Tim. It's an EPA and Inflation Reduction Act grant that could be really interesting. It's around disadvantaged communities. So we might be able to connect and expand further out at vehicles and be able to cover more of the city. So we're always happy to help out with those grant applications. That's a big one. I actually spoke to the EPA this morning to get some clarification, but it seems like it could be a great fit. Just some of the events that we've been involved with, obviously you'd love to be part of these. You guys have done a phenomenal job with the marketing of the service, the branding, the videos. I share those with a part of these. You guys have done a phenomenal job with the marketing of the service, the branding, the videos. I share those with a lot of other cities and they're all very impressed and want to try and raise that bar. But you guys have done a fantastic job with that. So happy to be partners with you. And yeah, happy to answer any questions. All right, thank you, Elena. Thank you, Elena. Thank you, Jason. Let's turn to my colleagues for questions or comments. Anybody? Anything? Board Member Hay? Yeah, you're glad that they're doing a great job. I really appreciate it. But how does the initial start-up compare with other cities, our size? Is that, are we about where you expect? We are, yeah, I think, again, starting in the slower months, you know, what we really want to see is as we get into October and November December of where can we go from here. We started out slow and it's a bit of a ramp up process, but I think once we get to the end of the year, we'll have a much better indication, but I think you're pretty much on par. We started Lake Worth Beach about the same time. We started Boca Raton last end of June, and it's the summer, summer in Palm Beach County and summer in South Florida. It's a little bit slower, but things are starting to pick up now, and I think once the snowbirds come, we'll see a huge uptake. I want to thank you guys for having representation at our last community meeting last month. That was good information. There's a chart that you showed that was somewhat disappointing. The show in the graphics somewhere your heavy riders are, and I was looking at district two area. It's not it's light keep going keep going the heat maps Yeah, up there this one. I noticed I've been top there. There's it's not Quite that many riders as I would have expected. I will suggest that you come back to the community meeting because, you know, Lexus mystery repeated over and over and over again to spread the word out. And maybe you have some hand files that we could pass out to the churches and go over the app again, you know, and anything else that you can think of that will help us to increase ridership in that district. And we also, definitely, work. Hello. Okay. Definitely. We're happy to come out there. No bonding was with me last time too, and Tim, hand out whatever, and we also, we have a great newsletter database as well. So if there's any type of events that are happening in that district, we can add it, we can do a dedicated email blast to our boy and beach riders to let them know, like, hey, this event is going on here, take a circuit, so we can take you there. So anything of that sort, it's like we're happy to add it to any of our marketing materials and promote that, so we can help drive ridership to. And if you could have something that would communicate that as a handout or something that you can leave with the people after you give them the information and hand them something in their hands, I think that would help too. OK. OK? give them the information and hand them something in their hands. I think that would help too. Okay. Okay. Definitely. But other than that, thank you guys. Oh, great. Thank you. Thank you. Anything else? Vice Chair. Thank you, Chair. Thank you guys. Kind of to piggyback on, Mr. Hayov as on my paper to ask how we can do more community setup because I think what we find is especially like what happened in sterling village where you have people who can really utilize this service and the same in most of, you know, in other parts of District 2, they can really utilize this service, but maybe just aren't sure about how to download the app and if their phone actually has that capability or so I love that you went to sterling village and helped get them set up and I think that that something going to the community meetings but not just going to the community meetings to be present but maybe setting up some sort of community like set up for circuit maybe trying to do more of that as a and I think it's great to be involved and to be really, that's awesome that you're attending the meetings in District 2 and in the community and being present. That's super important. But I think also, I think they'll go away with a flyer, but then do they know what to do with it? Yeah. And so I think that if we can piggyback on that and maybe separate from, you know piggyback on that and maybe Separate from you know talk about maybe separate from the community meeting is really just like a set up a lunch and learn but like I know right or Some they were you know, yep in the community and in the middle of it Like the community meeting is set up and and maybe it's before it's after, but just so you're not just waving your hand and saying, oh, we're circuit, we're here. We're here to set you up. Let's set you up. If you're not comfortable going for, let's go take it for a ride real quick. I'll show you how to use the app. And if you need a, you know, I'll show up and I'll open it on their phone or help them and go for a ride and show them just where it can go because sometimes they just Residents are just afraid or they don't understand or they don't know and kind of like being a timid about Uber To just show them that it is a safe and a fun ride and you go with multiple people I think that you know I think that might make people a little bit more comfortable with doing it, especially for some citizens that have always been in control of the wheel. That's what I'm thinking. Yeah. That education piece is super valuable, so great feedback and thank you. We'll definitely work on that for sure. Absolutely. And then I thank you for talking about the grants. I think that that's super important. I cannot thank you enough for not just coming into the community and bringing cars in and saying, here's a service. But you're going above and beyond by, you know, you know there needs to be expansion. We talked about it when we started up knowing we want this to expand. We want this to succeed. And I feel like it really truly is a partnership that you want to see it succeed and you want to see it grow by really letting us know, hey, there's grants available. Hey, I've already made contact and this is how we think it can work. And so I just want to thank you for doing that and really you know I feel like setting our community up for success when it comes to circuit so in our partnership so I'm excited about it I think that you know as more people use it and try it and blast it on social media I see it you know at least a couple times a week where residents are posting on various either they're We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. We've been working on this for a few days. I know, look forward to seeing it grow and expand and just thank you for everything. Thank you. All right. Thank you, anything else? Well, thank you so much, both of you. Now, go ahead, go ahead. Thank you guys for coming in and you made a lot of great points, Vice Chair, about the voter education, about the grants, you know, grants or something that we need. We always need funding. And I heard a member of the public coming in earlier talking about potentially expanding it to the tri-rail and the American Legion, you know, unfortunately, that's not a CRA conversation. It's more of a city conversation, so we would have that on another meeting. But thank you guys. Thank you for looking for grants. Thank you for the voter education. And if you're open to coming to other parts of the city that you know might not be within the CRA area But they can park within the CRA area and utilize the services We would definitely appreciate that as well Thank you All right. Yeah. Oh, all right. There's more all right board member turkan and then we'll go to board member a No, thank you guys. Thank you Linda. Yeah, I think the big thing here is the CRA is bound to what they can spend, you know, and, you know, well, we'll get to that conversation when we get to the budget, but I love the fact for the grant funding opportunity, you know, especially to prevent any conversations we need to have in the city, right? So another note to piggyback with what Commissioner Hay had mentioned board member Hay, I'm sorry, was maybe like doing some targeting mailing or focus on that heat map, you know what I mean. I think a lot of times you, you need to not just email, you need to get face-to-face, that community meetings, email,, then maybe a mailer, target market, I think is huge, especially if we're seeing a gap there. So I think once we have more of a downtown too, I think this will be even more effective, right? And more utilized. So we're launching, we're piloting this, making sure it's a good fit for the community. And I think of the grow as the downtown grows. And then surely show it through benefits. So thank you guys for showing up. Thank you for providing all the data, love the data. It tells the story. So very grateful for that. Thank you Remember hey, yeah question for staff Tim I know we are restricted by Statue 163 or whatever that is to stay within the CRA district But there's what what penalty and and is it worth looking at us spreading our arms maybe charging more if we were to look outside and Make available This service or are we just? You know way out of our lane Or remember hey if you don't mind. I'll steal that answer from Tim So you are really confined by the statutes in the way that your funds could be administered. However, this program was set up as a pilot program with the understanding that it may one day become a city program. In the right circumstances and if the demand was there. So this arrangement is set up to be translatable to the city at the appropriate time. After the pilot program is done, that said in the meantime if the city is interested in expanding services, we can amend the interlocal agreement to allow for different expansions so long as the city pays for that entire effort and really that that effort doesn't outstrip the CRAs effort, so because we are the main conduit. So it's a temporary program, but it is what is set up with the intent that if it is successful it can be expanded through the city. Okay, Catherine. I think I knew the answer already. Thank you. All right. Tim, did you have anything to add for clarification? I know this item is coming back up next month. Yes. For renewal. I wasn't sure if there was anything else to say outside of that. So our option to extend it for another six month period we're going to bring back to you in September. Alright. The other thing that we may want to evaluate is that we're not we're not fully expanding the Sierra district the way that we are. We have the potential to expand north along the federal highway go across the the canal up into the oyer and and we also have the ability to expand down to Walmart, which is within the Sierra District. So there's other opportunities. I don't know if the demand is there. I don't know if the data is reflecting that, but that's something we should probably evaluate in the future. And I just wanted to make sure that you are aware of that. So that's another possibility. However, we would have to look at possibly expanding the amount of vehicles that we have in service to accommodate that. Well, I would recommend that we direct staff to explore those options. Since you're bringing this back up up anyways next month, we'll bring it up next month once you have some more information. Okay. Any objections to that? Not seeing any objections. Are we done? Well, thank you so much both of you. We appreciate everything you're doing. Thank you. All right. Thank you. The next item on the agenda is 14D. It's continued discussion and consideration of fiscal year 2425 project fund budget. Tim? Vicki Hill will be presenting this item. Good evening, board chair, board members. I am Vicki Hill, your CRE Finance Director. We're just going to go and do an overview of our tax increment revenue. We're going to be getting about 24.2 this year. We're expecting about 1.3 from the marina. We're going to tack out our debt service, which is 2.3. Our operating expenses are budgeted about 18%, which is 4.3, and then we're going to use the 1.3 going back to the marina. We have for tax increment revenue that we have to pay out for the Diffas Our last year for the preserve is $37,131 We are in our sixth year for 500 ocean and that's around 400, 2000. And then we have Wells Landing that should be coming up. I believe they should have their CO maybe in August. They have their COs for all buildings. Okay, so it will be on the tax roll for August. So we had to put that on there. They have a 15 year agreement and That's 109,000 and then we have the 3.554 town square So the remaining that will be budgeted for the project fund is 13.4 million So here we go. This is the good stuff. Right there at the top for our master interlocal agreements that we have with the city. We are going to put in 1.3 million, 1.35. And that's gonna be for a JC Park design, Penns Park design, and permit, Senior Center design, MLK streak scape, Harvey Oyer Park, Centennial Park design, and Cottage District Road Improvements design. So that's what we have there. We still have our engineer project manager that was there last year. We're rolling that over this year. Join infrastructure projects. We're going to roll over 165,000 for that. Our future grocery store for district two, we are rolling 561 and we're going to add 838, which is going to be 1.4 million. For the local match for stormwater, we're rolling 250,000. The MLK entry feature, we're rolling 200,000 for Boynton Beach Boulevard Street Escape Improvement Project. We are adding 250,000. For the Women's Club we are rolling 100,000 and adding 110,000 to make it 210. We have the Marina ERM, the ERM monitoring wills and we are rolling 278,000 for that. The Marina C wall, we have 500.3 that we had and we're adding another 614 thousand property acquisition the the rollover we're not sure as yet we still have some agenda items to. Yeah, but we have put in there 5.7 million property maintenance. We are rolling to 99 and adding $450 to make that even 300,000. Your neighborhood police officers program is budgeted for $858,000. We just needed to, we're going to roll 200 and we're just adding $658 for that. Economic development grants, well we're aiming for $600,000. I'm not really sure of the roll over yet. We're still the to be determined here. So I've put in 300,000, so we're going to roll probably around 300. So the commercial exterior improvements, we have taken that out and moved that to the MLK feature and the Women's Club. Business development and promotions. I'm adding 434,000. Business promotional marketing were just rolling 165,000 so we're not adding anything for that. Site work demo. I'm adding 50,000 to that because I'm rolling about 185. And professional development services are rolling 280,000. Please keep in mind what we're rolling, it may change because we're still working. Right here, I put in 226,838. You may change that. I'm not sure. But I figured after the audit in January, if we needed to add to that, we could do it at that time. If you needed to, more money. For our legal services, I'm going to roll about $50,000 and add $210,000 so we can still have our legal counsel. Thank you so much. CRA plan, we're gonna roll the $300,000 that we have not used as shit. I guess we're not our executive director, our new executive director. And then our contingency is, we're rolling 200,000. That is about that. Is there any changes or anything you have any questions on? Vicki, thank you so much. You and Jabara and the whole team, thank you for doing all the work that you do. Let me turn to my colleagues if they have any questions or input. Do we have them? Go ahead, board member. Remind me again, pick about the marina of Sioux Hall going from 500,000 to 2.75 million. Tim, please. All right, so we were currently, we have been awarded a predisaster mitigation grant and as a part of that we have to demonstrate that we can fully fund the project. So that's why you see the substantial bump increase. So that makes sure that we cover the part that they don't essentially what it is and we can still pay for the whole thing. So that's why you see the large dramatic increase. The original 500,000 was supposed to be the design and then we would be adding with this the actual construction portion. Okay, all right, gotcha. Good, good. All right, any other questions or input, feedback, anything? All right, I guess that's it. Thank you so much, Vicki. Yeah, keep in mind, next month will be the final. Yes. So there might be some changes. Yes. And I appreciate you guys. Thank you. I appreciate you. Okay, so we're moving on to 14E. Discussion and consideration of the waiver of deadlines of the interlocal agreement between the city and CRA for the CRA district streetscape slash lighting improvements. Tim? Yeah. The back in 2021 the board approved an interlocal agreement with the CRA and the city for the streetscape lighting improvements and amount not to exceed $445,561. the city has requested a waiver of the deadline or excuse me, a waiver of the deadline to the I like, waiving the time period in which the city may request reimbursement, which is outlined in the proposed I. In the waiver, excuse me. Basically we are looking at about $60,000 that the city may be looking to ultimately reimburse. What happens with this agreement it will terminate at the end of the fiscal year. So anything that is not completed that the city would like to pursue as part of the project would be added to the master ILA and amended was in our budget. So all we're looking for is a waiver of those milestones so that we can reimburse the city the amount that they have spent. All right board members questions for Tim or comments anything? Okay all right before we make a formal motion, let's go and open this item for public comment. If you would like to speak specifically about 14E, now is the time to do so and approach to podium. Seeing no one approaching the podium, let me look on the list online. I see no one online for this item. Public comment on this item is now closed. If you would like to make a motion, somebody go ahead and do it too. Motion to approve the waiver of the deadline to the interlocal agreement for the CRA district streetscape lighting improvements, waiving the time period in which the city may request reimbursement as outlined in paragraph 4 of the ILA and authorize the board chair to execute subject to final legal review. Okay. All right. We have a motion from Board Vice Chair Kelly and a second from Board Member Hay. All those in favor of the motion say aye. Aye. All those who oppose. Motion passes unanimously. All right. Thank you. I like the pace that we're moving. This is, yes. Let's keep knocking things out. All right. We're moving on. Don't jinx us. Chair. Go on. They'll speak too soon. I can see mainly writing them in the minutes right now. Don't speak too soon. 14F discussion and consideration of the third amendment to the Interlocal Agreement between the city and CRA for the historic women's Club of Boyne Beach located at 1010 South Federal Highway. All right, so we are looking for your approval for the third amendment to the ILA. Back in 2021, we entered into an ILA with the city to transfer ownership and funding of certain improvements, operations and maintenance for the historic women's club. The first amendment extended the termination date to September 30th, which is at the end of our fiscal year here. The second amendment waived the time requirements the city may have to request reimbursements and accordance with that agreement. And this third amendment that we're looking at is going to increase the reimbursement funding from a total of 750,000 to a million. And extending the termination date to next fiscal end of next fiscal year. This 250,000 was already budgeted with the previous fiscal year. It was originally slated for electrical improvements, but then it was amended to include the midlock crosswalk signalized intersection that they're putting out to bid this year. That's what's before your discussion and consideration. Okay. Anything for my colleagues? No questions, no comments. Let's go to public audience on this item if you'd like to speak specifically for 14F. Now's the time to approach the podium. Seeing no one approaching the podium, is there anybody online? I see no one for 14F with that public audience in this item is now closed I will open the floor now for a motion if somebody would like to make that motion Motion to approve the third amendment to the ILA with the city for the historic women's Club Point Beach and allow the chair to execute the third amendment All right, we have a motion from vice. I'm sorry. Yes vice chair Kelly We've made a second over here on my left with board member. Dirk and all those in favor of the motion say aye. Aye. All those opposed? Motion passes unanimously. Let's keep going 14G. Discussion and consideration of the Economic Development Grant Program Guidelines and applications for the fiscal year 2425. All right. So staff is bringing this back for your board discussion. We have no substantial changes other than that the staff is looking to provide additional clarification on the political offices, campaign headquarters, or other businesses focused on politics as being considered an ineligible use for the grant program. So we're bringing that for your determination if that's what you would like to do, as well as we're looking at incorporating a portal in which we can do online applications to get away from some of the paper. Okay, board members, questions for Tim, comments, concerns, anything like that. Okay, hearing none, one second, let me pull it up. Let's go to public audience. This is 14 F. I'm sorry, G, 14 G. Please approach the podium if you'd like to speak on this item. Seeing no one and there is no one online. Public comment on this item is now closed. I'll entertain a motion. Motion to approve the FY, is that where we are? Yes. Yes. Fiscal year 2425 commercial grant reimbursement grant program. Is that right? Yeah, application and you were looking. So, and fiscal year 2425 commercial property improvement grant program application is presented. And pending any final review from CRI legal counsel. All right, we have a motion from Vice Chair. We have a second from Board Member Hay. All those in favor of the motion say aye. Aye. Aye. All those opposed? Motion passes unanimously. We're now moving on to 14 H. H was previously tabled, so I'll first need a motion to remove from the table. Motion removed from the table. All right, we have a motion to remove from the table from board member Turk and I heard a second from board member A. All those in favor, removing this item from the table say aye. Aye. All right, motion passed us unanimously. Continued consideration of candidates for selection of new executive director Tim. Let's kick it off and council, would you like to do it? Yes, I'll say just for pleasantries. I'm going to handle this item and because this has come back to you several times, I won't go through the entire history. What I will say is as of May 14th, the advertising for this position closed. Nine candidates had responded once has since withdrawn, which leaves you all with eight candidates. So at this point, it is your discretion as to how you'd like to proceed. You can nominate candidates for staff to schedule for interviews. You may determine that you would like to keep looking. You can re-advertise, employ a headhunter, interview. What's before you? It's really your discretion as to how you'd like to proceed at this point. All right, just one point of clarification in case you do the math there was an error on here it's two candidates which are okay. Okay, so what is the pleasure of the board in terms of the search process? Are we interested in continuing the search and getting additional applicants? Are we interested in selecting individuals for interviews? What is the pleasure of the board member, board member, hey, your thoughts? My thoughts, we had three candidates, one through, that was one that I did not particularly think was ready for us so that it was down it down to one feel uncomfortable with just one choice. So I say re-appetize Okay, I heard that I agree with that board member hey chair. All right the general direction is to re-advertiske anybody else I agree with board member hey, okay, maybe seek some additional clarification of course I was gonna get you that in a moment, but that's go ahead. I just want to get from everybody first. What is that? Like, why is it okay? Council go ahead. Would you prefer staff to advertise in the same manner? Would you prefer for them to employ something different? Would you prefer for them to employ a headhunter? Is it just seeking your general direction on how you'd like for staff to proceed. Yeah, thank you for that council. I've had this conversation with Tim and the general feeling is, without a right for me to share. The general feeling is sometimes the head hunter can be very useful. Sometimes it doesn't produce the results that you think it may. So I'm personally very conflicted if we should do that or not. I definitely agree with everyone that we need to go and get more applicants, whether it's a head hunter, and it's kind of a toss up for me. But I want to hear from you and see what you think. And Tim, let me just get some information for the board. If we were to not go with a head hunter, for example, what would you do differently from the staff point of view to advertise a little bit more aggressively, a little bit more on target to get that upper cross candidate. What might you do differently? I don't know at this point that we have a lot of additional resources that we can utilize because we've exhausted that through previous advertisement periods, but we can definitely explore that and bring it back to you. There's no reason that we can open the advertisement, get it out there, get it on the street, and then if you chose, we could get, we could solicit, get proposals for a search firm and then bring that back and run that concurrently. But at this point, there's not a lot, we could do some research and bring you back options. Sounds good. All right. Vice Chair. Thank you, Chair. That's kind of what I was going to ask was if we could do a hybrid kind of a hybrid if that was an option to because we did advertise it, got a couple, but nothing really jumped out. And so if we could do a hybrid, I think that might be a good option as well. So those are my thoughts on that. And I didn't know Catherine question for you. I know that the, or I've heard, I understand that the city has a contract with some staffing. Is that something, is there availability for the CERA to utilize services that they already may have a contract with. So without knowing the details of that, I can generally tell you that we may be able to piggyback off it or do it for some form of an our local agreement. I just with that information, I'm fairly certain that there is a way to do it. I'd have to look at what they have to tell you how to do it, but I think that we could certainly bring that back to you. Okay. I think that might be a good option too, because if we already, if the city is already paying for something, maybe we can piggyback and utilize that as opposed to starting fresh. But. Okay. All right. And just for clarity, say, by share, by ever heard you mean simultaneous. Is that what you meant? Right, like Tim had proposed where we get it out right now. Get it out there, but then in the meantime, look at maybe some other options to kind of get more push. Okay, other thoughts from my colleagues? Anyone else? I can go with that, I think that's fair, okay? All right? I'm good. Yeah. All right, sounds good. Because it's formal action, public comment, if you would like to speak on this item, now's a time to approach the podium. All right, seeing no one approaching the podium, is there anybody online? Nope, there's no one online on this item with that public comment on this item is now closed. And do we need a formal motion council just for clarity sake or was this sufficient for consensus? No, I think that this is, you have sufficient consensus here and then you're not eliminating any of the candidates at this juncture. All right, great. We are moving on to section 15, new business. 15-8 says we have a presentation here, discussion and consideration of tax increment revenue requests from BB North LLC for the villages located at 405 East Ocean Avenue. Before us is Bonnie, Miss Colmani, Motto and Chris Brown. They are in the chambers and I was told that we have, can we confirm, do we have Barry here? Yes, Barry Abrison from Abrison and Associates is available online. Let me turn to Tim for us to kick it off and we'll turn to the presenters. All right, BB North, LLC, owner of 405 East Ocean Avenue. They submitted an application for TIFF, our tax increment financing for the project known as the villages. BB North purchased the property back in May of 2022 and you can correct them if I'm wrong. From the previous owner who had a tain site plan approval for a mixed use project. Bibli-North worked to make various changes to the site plan and they are currently working on their second round of permitting if that's correct as well. Third round, excuse me, correction. Sorry if I can just ask you to come to the mic if you're going to respond and you're being prompted. Thank you. As a part of that TIF application, CERY staff received an email. They're requesting a maximum TIF up to 12.5 million as a consideration of the developer proposes to construct 120 public parking spaces, restrict free use by the public, and a thousand square foot neighborhood coffee shop, and a 50% rental rate for 15 years. As Catherine mentioned, we have three representatives here to discuss the project. Also we have available Barry Abrison who did the third party financial analysis for this and at the board's direction you can decide who you would like to hear from first. Thank you Tim. I want to hear from the applicant first of course they're the applicant and then afterwards we'll go to those online to Barry. Okay? All right, come on up. I'm Mani Mato and I'm here representing BB North LLC. And first of all, I just want to thank all of you for taking the time I met with all of you. And I thank you for that. Everybody's been very helpful and staff. Tim has been great and just the staff at the city's been great. It's honestly going with one of the best cities I've dealt with. The building department's incredible and I'm just not just saying that really is and just the way that like Adam Temple has helped us out and so kind of want to start with a little background on our project. So we purchased the property a little over two years ago. And as Tim said in May of 2022, this was a project that the previous owner had been assembling the property for various years. And he received site plan approval back in 2017. So we bought it in 2022 and we felt that it was just, I mean, I came to see it and I just, I loved it. One of the first things I did was I went to the beach access, which is only 0.9 miles away from this site and I was like, you know what I just have an apartment that close to such an amazing beach. I mean, it's very rare to find and besides that Ocean Avenue While I don't I don't think it's there right now I think it has a ton of potential and kind of the way that like it ends and then you go over and you've got two Georgia's and you've got like it just's just there's a lot of potential there for something big and I know that that's what the city envisions and speaking with like Amanda and I know that that's kind of what the plan is, right? The plan is that from city hall all the way down, we have retail and it's walkable and it just creates a vibrant center, you know, kind of a Del Rey type of place. And that's what we loved about this project is, well, we see that 10, 15 years from now, that all gets built out, and you know, it's not just our project in a vacuum, it's everything together. And we also own the site across the street. So our plan is we see that as phase two, and eventually that'll get built as well. So we bought the site, we went through to make some changes to kind of update it because as I said it was approved in 2017 and we are in for permitting. We're currently actually working on resubmitting for our third round. So for example we have our fire department already approved it. That's always a big one. It's a tough hurdle. That's fully approved already. Mechanicals approved. Structural has like two comments. Electrical has a few comments. So I mean we are very, very close to having a permit. You know I think that actually the hardest thing that we've been dealing with is actually the DOT. So that's another, but everything with the city's been great. So our goal, we're trying really hard to be able to break ground by January. That's what we're really shooting for. And we think we can do it. So now obviously I'm here before you. We bought the site. I never had any intentions of asking for TIFF, which is why we essentially waited so long. We bought it back in 2022. The market of time was hot. This looked like a great property. So I think it's a great property. And our numbers looked great. We bought the think it's a great property. And our numbers looked great. We got to land at a good price. And the problem was that in that time period, we, our construction cost of literally 50% are insurance costs have skyrocketed. Rents have stayed the same. They had gone up a lot. They have kind of flat line, which is good because they're kind of getting a little out of control. So I think that's a good thing, but the insurance cost, everything has just kind of made it, you know, kind of crazy. And the amount of equity that a project requires now is substantially higher when you factor in, obviously, the higher when you factor in obviously the higher construction cost but also the fact that banks are giving you lower LTV loans. You know, so that's where we started looking into the TIF credits and started meeting with you guys. I met with Commissioner Turkin and you know talked to him about it and what he wanted to see because his district and you know, and that's where we started looking at like what, you know, what can we do, what can we offer. And so, you know, we put together, we looked at parking spaces. You know, he told me he said, what's the most you guys can do? We had a parking study done to see kind of what are garaging. We have a very big garage in my opinion and where we came up with the 120 parking spaces. In terms of, you know, on top of that, we also, so our site plan encompasses the entire block except for a partial on the corner, which I'm sorry. So let me just give you guys a little rundown here. So that's Boyning Beach Boulevard. The next photo here that's showing from the train tracks, that's Ocean Avenue. And this is kind of like our project entrance, not the retail portion, it's a project entrance for the apartment which is on third street which we have kind of like our project entrance, not the retail portion, as a project entrance for the apartments, which is on Thursday, which we have kind of just a nice pedestrian plaza. So here's a like a night shot there on Ocean Avenue and there you can see the restaurants. If you zoom in, sorry, so this shows you kind of a more close up. So that's what you would see basically on Ocean Avenue. We kind of set back the restaurant. So it kind of created you going around. And it's a big space. We probably have anywhere from two to three different spots, all with outside seating. And then so the other thing we did, here you can see the site where we're located. There. There. Just gonna go forward for us to see pictures. So the other thing we did is that so the parcel in the corner was this kind of old dilapidated building. We ended up buying that site and we knocked it down as full of violations. And we started studying what can we do there? And what we decided on is that we can create this kind of park plaza. And the plan is that originally because you had this ugly building next door, we just had a blank wall facing it. And our plan is we went in, we revised the drawings to add glass so that the restaurants can open up towards it. So you'd have not only do you have our plaza on Ocean Avenue, but now you have this this corner pocket park essentially that will have kind of spill over restaurant seating. The restaurants on a pretty day will have sliding glass doors all open up and it's going to be a fully public, you know, our plans right now where it's going to have like these big shade trees and makes like native plants and some butterfly tracking plants and just kind of create a really cool kind of neighborhood hang out that obviously helps our tenants the restaurants, but also just adds to, again, to me it's all about getting East Ocean Avenue to just create this pedestrian walkable area. So we also have along the railroad track. So along the railroad track we also have basically this linear park, which is not get it off, and it's just kind of a meandering path with landscaping. They actually connect Ocean Avenue and Boen and Beach Boulevard. So you know, someone can walk and say you could park in a garage, have dinner at the restaurant downstairs, walk down that path and go to the future Hurricane Alley. You know, and kind of just create that, that, again, that's kind of walkable downtown space. See, we also have, adding to that on Boyne Beach Boulevard, you know, Boyne Beach Boulevard, it's a little tougher to make retail work. So we did theirs, we took kind of our retail space and our plan is we had our interior designers design it so that it's open both to the public but also into the amenities of our building. And the plan there is to bring on a kind of look for a local coffee shop provider and offer subsidized rent. And our plan there is just get something that's good because it comes in a many-door building and it's something by subsidizing it that we think you know can be successful there on Boen and Beach Boulevard and you know our residents will love it and I think again it helps the area we have that kind of path connecting ocean and Boen and Beach Boulevard and you know it's just kind of creating this again walkable downtown space because I think that's where, for us in the city, that's where that future value is. Let's see. Yeah, so lastly, I mean, our big thing, like I said, we bought it thinking that we didn't need any help and unfortunately today, we do need help. But we are almost to the finish line you know like I said we are no other major project in the city as far along as we are we really are almost there and you know we need your help to have that groundbreaking. That's it. Thank you, Monty. Before we move on to Barry, are there any questions for Monty while he's here in the meantime? All right, with that, let's move on to Barry online. Can we check? Is he still here? I am here. Excellent. Good evening. Can we check is he still here? I am here excellent good evening I'm not sure if the video is good, but at least you can hear me I've been told that it freezes so I'm and up just being a little looking a little disjointed here So You know the CRA asked me to evaluate this proposal in terms of the need for the TERFA. I did a thorough review of the developer's financial estimates. I considered them all to be, you know, in a range of reasonable lists, although clearly, you know, variations within that range can have a big impact on how much subsidy a project would need, how much tax increment deal a project would need. But the one estimate that they made that did jump out a little bit, was there estimated real estate taxes, which were higher, or at least at the very high end of what we've been seeing in a very broad range of what the County Property Appracer has been assessing properties for, and it is a very broad range indeed. And so I pushed their number down to, what was basically the high end of the range, which I think is not unreasonable, especially given that their project has a higher proportion of two bedrooms, as opposed to studios and ones, compared to a lot of other projects. And that reduced the subsidy gap that they were showing. And they had asked for a total of 12.5 million of tax increment financing be awarded, which would get them based on discounting that back to today's dollars looking at an untrended, which is today's dollar evaluation of their numbers to a present value of 9.1 million as their subsidy gap. My estimates were a couple of million dollars lower in terms of the subsidy gap in today's dollars. So it was about $7.1 million of subsidy gap and the taxing from financing award over time as estimated that would achieve that gap would be a total of 9.1 million. A little confusing because there's the 9.1 million in both sets of numbers. But basically for simplicity, they were asking for 12.5 million over time of turf up the awarded. And my estimates were that their financial gap could be satisfied with 9.1 million over time of TERFA. I do think it's important to note in addition to what I said about the variability of the assumptions even within reasonable ranges for all the elements and development economic equation having an impact on the bottom line. There's also items that can be verified over time. For instance, as a simple example, they made an estimate of construction costs, which was obviously a big element in looking at the feasibility or lack of the ability on the gap that was required to be filled, their estimate of construction costs was certainly within a range of normalness. It did not jump out at all, it's unreasonable. But that is something that can be looked back at later in time at the point that they actually get a construction contract or even better at the point that construction is completed and you actually see the cost that's been incurred. And you know, it is not unreasonable in a project like this to look at perhaps having some kind of an adjuster on look back or a true up, so to speak, for an easily verifiable number like that. So their actual construction costs are less or at least significantly less than their estimate, which I don't have any particular reason to believe will be the case. We could look back at it and say, well, I'm sort of lower that you estimated on a today's dollar basis. And therefore, you didn't need as much of a tax increment financing agreement award to make the numbers work. So there could be an adjustment for something like that. There could be adjustments that are more ambitious looking at the financing environment in terms of over the next four months, if Mr. Mato is correct that he can get this thing started in four months. Maybe interest rates won't go down very much over that time. Maybe they will go down a little bit, but maybe not a lot. But if over the extended period that they're quite reasonably asking for a window here to perform, rates go down significantly, that could certainly have an impact on the need for an award. So while in today's, based on, is developed economics, their numbers as a just by me for mutual state taxes indicating a need for 9.1 million is reasonable. And if you like the project, and feel you're getting enough public benefit from it, by all means, that would be a reasonable thing to do. There is the possibility if you wanna go the extra step of trying to negotiate some adjusters in there, not to unduly hamstring the project, create edX for financing sources. If you ask the developer, any developer will tell you, I just want it simple, I want it straight, I want to know exactly what I'm getting, my financing sources, my equity wants to know that, but of course they'll tell you that, that's what they'd prefer. But within reasonable constraints, you can do some adjusters, you can negotiate a deal that maybe recaptures some of that turf award. If it proves to be not needed truly you think the project's a good one, at the numbers that I've put in my report, I think it's reasonable. I think it's up to you whether you want to go and act your step to try to negotiate some deal structuring in here, which does add some additional effort on your part. Some monitoring maybe makes the developer's life a little less rosy than they would like it to be but might ultimately be worthwhile or perhaps not depending on how things work in. Any questions on that? I'm happy to answer. All right board members if you have any questions for Barry now would be a good time to do so Okay seeing none Well, let's continue. Thank you so much Barry. We might need you in a few minutes if anyone else comes up with any questions in the next few minutes So stay on the line, please All right Would you like to begin? Yeah, sure I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. and I think if, like the question I want to ask, let me make this statement, as it sits right now, I couldn't approve this, the 12.5 million is way too high. We have the analysis that shows 9.1. So my worry is the same worry I've had, you know, prior with other projects is, you know, if you were, you know, you've dumped in so much money into this as it is, right? What's your worst case scenario if you don't get this tip? If the board decided, hey, we're not going to move forward. Yeah. You know, are you going to be forced to sell the project, take a loss? You know, because for me, my biggest concern is, you know, through live local, you can get the max density and that's going to create more of an impact. Right. Those are the same concern I had with the Hyperion Project, what I don't want is to get is allow, you know, perfect to be the enemy of good. And, you know, I appreciate the public parking. I think there's an opportunity there as far as driving revenue, right? To meter that parking, that I'm understanding that would be for the city's complete, and the city would have the complete autonomy over that. Is that correct? Yeah, so the only things that I would ask for there would be some kind of and I'm very flexible with how we do it. Something obviously to cover like our expenses related to it in terms of the maintenance costs and stuff. And you know that the city keep reasonable rates obviously because I don't think for anybody we want to have some astronomical parking like we're in Miami Beach. Right. But yeah, but our intent is we're not trying to make money off that. Okay. And then in reference to the statement I made about, you know, if you can't say the board decides. Yeah. You know, you don't get awarded a dollar. So I'll tell you what what happens with this project is So obviously if I without the money I can't start and You know, well, we try to sit on it for a little while see if the things turn around in the meantime I don't know we may or sell it Another problem with this is the site plan approval will actually expire It's an old site plan. We've got I don't remember exactly how much time we have on it, but it's not gonna last forever. And when those approvals expire, probably the easiest track for someone is, like you said, live local, fast track, and go quickly. But, so yeah, so I mean, with, with, if I can't get the project going, know the options are to be ended probably selling the property You know would probably sit on it for a little while see what happens and then you know go to plan B Yeah, okay, thanks for being transparent with that Because I you know broadstones a project, you know, it was not something that this board had decided on I think You know what are their equity partners pulled out and now we have a demo lot with nothing going on. Townscar we got over this. We've been doing this two and a half years and nothing's been built, right? And I think it's time to start activating that downtown. It's time to start activating it. And I tell you, don't want to have extreme density, the opportunity for you to have extreme density, the opportunity for you to, not default, but have to sell the project or the property. And then for someone to come through live local. As the project sits, I'm not the biggest fan of the density as you know, but I do appreciate the parking. I think the huge, the thing I love about this project is the open space format that's similar to Park Tavern and Delray Beach, right? I think that's awesome. You open it up, you know, right there, you're gonna give people a reason to walk over, you know, despite majority of projects not being out of the ground yet. When do you think you could commence construction? So our goal is, January is what we're shooting for. I feel pretty confident we can make that happen. Okay. We are. Like I said, we're very far right now. It's really just little issues with the DOT. You know, they drag their feet a lot, but everything with city staff is good. We actually just resubmitted our plans to engineering, and I personally spoke to Adam Temple today who told me that they were already reviewing it. So I mean, it's, you know, we are right there. It's kind of like, you know, projects always at the end, you have a lot of little things coming that you're trying to resolve, but we are very close. And like I said, to me, that's one selling point that we have. And I know that you guys have backed with TIFF. A lot of projects, and as in my opinion, as a CRA should, right? Because you want to get projects going and off the ground and build up that area. But we bought this property with site plan approval, and it's still taking us to get from there to being halfway through our permits has taken us two and a half years almost. Development projects take a long time. People don't realize how long they take and how much you have to go through. And usually you come ask for TIFF kind of together with your SitePlan approval, right after you get site plan approval. After that, you still have to get the architect to get to do drawings. The architect's been taking a year to make those drawings. They'll tell you six months, they take a year. Then you've got to submit for permitting. Then change has happened. There's value engineering. So we've already done all that. And we really are at the finish line and we just need the financials to work and we're ready to go. Thanks, Manny. Yeah, I mean I don't have any more questions or comments besides the 12.5. I can't swallow that. I can go with the recommendation that Barry had made of the 9.1. And we're allowed staff to negotiate those terms, depending on what the board decides. But I'll tell you again what I don't want is this to fail and then we got another empty lot and downtown Boyd and Beach. So, you know, I suppose downtown Boyd and Beach, right? Well, downtown, it's going to come, right? You can't look at each project in a vacuum. It's all the projects together, and even though we all compete with each other, which for you guys good, because that lowers rents, but that's what you need, right? That's what you need our project, you need Hyperion, you need Affiliated, you need the Town square over here and that's what's gonna really make this Walkable and just a great place to be Yeah, I know I have any other questions. All right. Thank you anyone else on my colleagues here Any questions or comments from money or Barry board member hey go ahead just a few questions questions. Stan you have what first of all is is BB North and BB South same the LSE? Different companies but that's so I mentioned we own the South Parcel that would be BB South LSE. And there's action on BB South coming soon to the theater near you. Hopefully. Okay. And you'll be back before us, probably. You have 39 parking spaces now and you need like 81. So, yeah. So I'll give you the breakdown. So we have 39 parking spaces above the code requirement And then we also have 55 commercial spaces and 51 guest spaces We had a parking consultant as I said I when I had met with Tom originally Tom said you know give us as many spaces as you can. And so I went back, we hired a parking consultant, John Donaldson, who did a report that we sent to Mr. Abramson actually during this process. And he came up with, and I don't have the exact number off the top of my head, but something along this having 150 extra spaces above what we would use based off, you know, the standard, I'm not a traffic engineer, but based on their studies. So, and that's where, you know, we felt very comfortable with the 120 spaces. You know, one thing I will say when you bring up the parking is that our parking, we have 668 total parking spaces. You know, I can tell you that I studied other projects in the area and we have a lot more spaces relative to units, even to bedrooms than the other, for various reasons having to do with the code being able to take advantage of some different parking methodologies and stuff and our project not having done that when it got approved. But we, you know, in my opinion, we do have a lot of surplus spaces. Well, that 120. Yes. That's going to be co sharing So so our original thought process had been that those 120 spaces would be essentially Shared together with our commercial and guest parking everything else would be for the residential Dedicated ones would be gated off and you would have all those other spaces which would be shared. That's correct What's that breakdown again? So it would be, so we would have, so we have, let's say you take out the residential component. You'd have, we have 51 guest spaces, 55 commercial spaces, and 39 extra spaces. So that comes out to, I don't know, the top of my head, but more than 120. And then so basically, we kind of envision that and what we would have originally done anyways is that all kind of becomes like a shared parking. With the resident spaces gated off. Basically like the second floor that'd be a gate and you'd have residential only spaces from there up. I do have a problem swallowing the 12.2. I'm listening to what's reasonable. That was stated to us. It's 9.1. And I think I can't move forward with the club.5 at this point over time. I like for staff to do some more talking and see what we can come up with something that's a little bit more reasonable because that, the gap, 12.5. And that tells me you need that to do this project. So I looked at the numbers, obviously we received the report, obviously prior to this meeting so we knew that the 9.1 was recommended. We looked at the numbers. I mean, it's 9.1 is definitely lower than we had expected. But, you know, I think we can definitely bring our number as it stands right now down somewhat. And, you know, I'm definitely open to, you know, the number that you guys think would work. and it's something that I can look at as we're negotiating with staff and see if it's something that we can make work. I have a number in my head but I'll share that with staff. I certainly agree with Board Member Turk and as far as we need to move forward with that quarter. And I hope and I pray that this is the spring board to that whole area being done. So really got thingos, crawls, tolls and everything else that we can work something out. But I'm not there yet. Understood. All right, thank you. Board Member Haye, you did say you're not there yet. So on that note, let me just remind everybody that we don't have a formal agreement in front of us. So this is just the first presentation. It's going to have to come back to the board anyways, right? So vice chair, let's go to you next. Thank you, Chair. Thank you. I guess my, so I'm kind of on the same wavelength. My, I have looked at all the different presentations and I guess I'm kind of needing some clarity and I understand you don't have approval yet to allocate or to reduce your parking numbers to or have you gotten that from staff? Have they accepted your parking study and allowed for those spots to be, those extra spots to be public? I mean, I could ask, I don't know if Bonnie can maybe clarify that, I'm not sure how that artworks. Good evening, Bonnie, Ms. Goldhaire on behalf of the applicant. So the parking study we did in an effort to make ourselves comfortable that we could give up those spaces and allow them to be public and it would not harm the project, not the residential component or the non-residential component. Staff did not review it and we didn't go through the process that we could have gone through at the city level if we wanted to go back and amend the site plan. We could go back, we could exercise a section of code that allows you to submit your own parking study to demonstrate that the rates that have been provided are not equal to what the demand is when you introduce a shared use concept. We didn't do that, but we are comfortable that if we had done that, that we could have reduced our parking requirement, which would have allowed us to even have that many more access spaces than what we have provided. That, however, does not preclude you or the board to say we like 90, we like 110, we like 100, we like 100, what whatever that number may be, because the city code doesn't prohibit us from metering the spaces and putting a public parking P next to them. So you can do that, and we could also have gone back to the city to officially change what the required number is. All the city cares is that those parking spaces are built. And so when they go to COA, the number that we show on our plan is in fact constructed. Does that make sense? Did I answer your question? Yes. Bonnie, while you're up there. And so there's going to be my concern with, I guess, combining the guest parking with the commercial and the public parking is, I mean, is there a plan to meter those guest spots where somebody, a resident, their guest is going to come and have to pay parking just like a public parking. So if they are public and the revenue is CRA revenue, then those spaces would be metered if the numbers 120, 120 spaces would be metered. So yes, that would be the case. If the numbers 90, it would be 90 and you could set aside whatever you wanted. So really that would be up to the CRA and that would be something that we would negotiate with your attorney. Well, I'm asking sorry to interrupt you, but I'm asking in a more, I'm not in this business. I'm not in the development, you know, apartment building, guest parking business. Is that the norm that guest parking would be charged and kind of combined as public parking? Because my thought would be if I rent and I have guests come, I mean, how many people have guests come in park? And so maybe that's the norm turning into the norm now for downtowns. And so I'm asking in a more like, please educate me. Is it appropriate? I understand. Right, because I mean, if I was renting, I would expect that if I had a guest coming, that that wouldn't be expected. But maybe that's, so that's why I'm looking for some guidance too, is understreet educine. So there today, 15 years ago, the answer would be absolutely not. And in certain high-end luxury buildings, the answer would be absolutely not. But in traditional buildings, and you're seeing them built in Delray, you're seeing them built in Delray, you're seeing them built in in Boqueray tone now that are mid-level apartment buildings. You are absolutely seeing a pay for a fee. And in some instances, the, you know, the in a condo association as an example, they can do a validation where it can be reimbursed and that's something that is planned in the budget every year. So there are lots of ways you can handle it, but it is more of that is that we have a total of, I added up all those, we have a total of 145. So there is 25, let's say, they're not extra, but 25 extra spaces that, so for example, and you see this more in garden style than like a mid-rise because like Bonnie said, I think once you're getting into the more mid-rise territory, then you don't have the guest parking or they just have that kind of allocated but like in garden style and I mean it's something I'd be open to do they'll do you know most of them are gated and so they'll actually give you someone wants to spend the night they give you like a night pass and so one thing if we've got 25 extra spaces you know we could could have those spaces for guests that are staying for a long period of time. And the office could provide them with a pass to parks, spend the night at, you know, I'd free. And, you know, that would be, so basically that's half of those spaces, essentially. So that's something we could explore as well. Yeah, I mean, I just, I'm not gonna try and tell you how to do your job or anyone who's gonna manage and how to do your job or anyone who's going to manage and how to do their job. I just, that was, you know, would be a concern or a thought of mine if I was a renter. And not that it is the same, but because of other buildings that have had parking issues with commercial and guests and I just I want to make sure that kind of everyone is happy and taking care of and and to make sure that you're not giving up something for this that really you need and so because I don't want to be in a situation where then people are like And so because I don't want to be in a situation where then people are like, oh, this stinks, I don't have a guest parking spot and my guest has to pay the same amount. And they're just coming, you know, so, but I'm not gonna tell you how to do your job. I just, those are my concerns. If you're giving up these parking spots that really would be designated as guest parking spots, how on business end do you handle guest parking spots? If you were going to charge anyway, then fine, you're going to charge anyway. If you weren't going to charge, and they were your designated guest spots, then that's something I would like to know, because so for this particular project, without this proposal, what was your intention with those guest spots, where they're always gonna be a charge parking or not? So, you know, apartment buildings, a big part of our revenue is parking. And so we take the, like without doing this public parking, things obviously like we said, we need that tiff commitment to get this project going but without that what we normally do is we actually take all those excess spaces and we charge a lot of times you know you pay a hundred dollars a month for a lot of those spaces so essentially we and by we I mean kind of all developers we milk parking as much as much as we can and so you know to, it's less about that we would have, not have sufficient guest parking spaces and more that we do leave some money on the table, but in exchange for that, we are obviously getting, that commitment now that is for us is crucial to getting this project going. That makes sense. Yes. I could add something. When we prepared our package that we had submitted, we summarized the values of you know what we were creating and it wasn't 120 at that point it was a lower number so we would have given ourselves a little wiggle room there so that we could exclude the guest parking because that may make some sense in the market right now or it may not but but it gives us flexibility to decide that but but we looked at the public benefits and the cost of those public benefits and so if in fact the board decides that well that number is just too high and we just can't go there that That was making an assumption that we were going to add a significant number of the public parking spaces to the equation. If the board says, you know what, take the guest out, we can do that. And we can figure something else out. And maybe we make a contribution, we work with staff to complete a contribution that the building can absorb some fees So that any revenue that might be lost will figure that out and that's something I think that Tim and the team can do If you took if you took the the guests Parking out of the equation it would be not just over 90 spaces essentially Okay And then I saw I don't know if it was another one of my questions had to do with parking revenue. And you know, one of the things that happened previously was, you know, how could we, we know we want this project to, we want to, we want a partnership, we want to make sure this goes off. But how can we recoup some of that on the back end? And one of the things that had happened previously was that the CRA would recoup parking revenue from those public parking spots. And I thought it was a Mr. Abramson's report and not in your presentation. So I just wanted some clarity on what you were willing to do as far as the parking revenue. I understand that there's a cost for maintenance. And so if the cost of maintenance and repairs and all of that comes out first, and then the CRA could recoup parking revenue on those or those shared parking revenue to kind of offset some of those, offset some of that tipping kind of, you know, it's kind of like we understand, you need this upfront, we understand you might need this for finance, but then on the back end, where can we, where can we truly become a partner? Because, you know. And I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. I think that's a great question. might be mistaken, you can correct me, I'm getting older. That one way we could do this is the CRA could lease the public parking spaces back from us and the only cost to the CRA would be the maintenance, sweeping, cleaning, restriping where necessary if they need to fix anything. It would be those types of costs. Which then, because I think that Mr. Motto already committed to, that he's not looking for generating revenue from those parking spaces, and he's perfectly comfortable with the Sierra getting the full benefit of that revenue. Again, less maintenance, and we'd share in that cost. The other thing that you've done before, I think, at your staff suggestion, which I think is something that they'd be willing to do, is when the term ends and the tip is up, or the period is up, that revenue and the metering could continue beyond the same period that the tip would be allocated. That's something that we can work out with your staff as well, which is a creative way of you seeing this even going beyond potentially the CRA's life. So that's another option. Yeah, I mean, I'm not a fan of the leasing end of it just because I feel like then that puts the burden on the CRA where I would rather the building manage the parking and manage a lot. They know. I'd rather manage it too. Right. They know their commercial. They know who's being used. I don't, I mean, I personally, that's my personal opinion. I don't want to take over having to maintain and lease those because I don't, as the CRA word, remember, I don't want our staff to have to manage that and be responsible for the upkeep of maintenance of that. No, and that's a very sensible point and I should have clarified. The lease would just summarize the terms they would maintain the obligation and the burden and the responsibility to maintain and keep them in a safe and reasonable manner. You know, maybe something along. And I think, again, while we work out this agreement, I'm very open to it. You guys want, but maybe even something like where we get paid, leasing fee per space, we take care of them, but it'll be a number that doesn't exceed a certain amount or the income or something. So that you know that you're never on the hook for paying all these fees, and they're not making any money but we're also covered so that we're taking you know. Right and I think that's something I mean that's something that I know staff and legal are very well versed in handling so I'm going to defer to them on that but thank you for working with us. I think I'm on the same playing field as everyone. I do like the public park aspect of it and I spoke about some, you know, kind of wishless and things that I would like to see happen in that and obviously that can we can talk later on about that about having it more be a true public space because I think that that's something that most downtowns lack is having that true like green space and although I like the tables and the benches and all of that I'd rather see more green space because we really that will become a precious space that it's green and it's retained and it's there. So I see value in that and I appreciate that you've put that in and you've been willing to forego building something because there's enough square footage there to build something to allow for that green space. And I think that that is important. And I don't want that to get lost in it. And it's. Yeah, I was saying that we are right now. Like what I put up is just conceptual is done by the landscape architect. So that's very flexible right now. Yeah, no, and I appreciate that. I thought I had one more point but it's fine we can move on for now because I think at this point I'm kind of comfortable with having staff work with you and hopefully we can come to an agreement on moving forward. So thank you. Thank you Vice Chair let's turn to board member crews. I think a lot's been said already and I agree with my colleagues I think it's important for staff to work on a final product and come back to us but I do want to emphasize something that I read in the report'm going to see the city of the city. I'm going to see the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of the city of Anyway, this is a key corridor to our downtown and it's important to make it more walkable. I do appreciate you guys working on the additional parking spaces, but just know that in my mind I count anything above and beyond code, which would be the spaces that are stated on there as we discussed earlier in our conversation. And I do see you guys are spending $3 million in public spaces improvement, which is really great. And something that Vice Chair stated earlier, you guys are going to be focusing on a walkable area and a public park, which you don't have to do. And we definitely appreciate you being a partner to the city. So we'll allow staff to work on a final product and then get back to us. Thank you. Yeah, and I think on what you said too, I mean, you guys, like we said, we own the parcel across the street, which means the better we make this project for the community, the more value that project has. So it's, you know, work in this for a while because it's, we're playing a role from this one to that one. That's. And last thing there was a point I like to listen to other members are saying and one point that was really important was the guest parking because I can tell you like if I'm renting at a community and I want my sister to visit me you know my nephew is whatever like I don't want them to necessarily pay for parking if we can avoid it so I do appreciate you guys working on the maximizing the public spaces, but we don't want to look at the opportunity of like which spaces were allowed to meet her by code and maybe we'll have more conversations about that. Thank you. All right, let me turn back to Vice-Shir. I remembered my one point and it's not on you, but we really aren't seeing for these tiff dollars affordable housing components in our downtown. And I think that it is so important that we have a mixed platform in our downtown. And so I know that you bought this site plan intact and but that's something I know really needs to that's something that is is a negative in this request is that it doesn't incorporate any affordable housing in our downtown and I think that's so important so just I know that you have prospects of something else so I'm gonna leave my comments to that, but I think, you know, I needed, I need that on the record that it is so important for future development that affordable housing is remembered and thought of and so, but Manny, we can talk about that off the record too. I'm just further that conversation of downtown. Thank you. All right. With that, let me just say Vice Chair, I concur with the comments you just made. If that could occur with most of the comments that have been made tonight, it sounds like there's a lot of terms that still need to be worked out. So I'm very much comfortable with directing our staff to continue discussions and to negotiate the best terms possible and to bring that back at the next available meeting or whenever you guys are comfortable with a draft agreement. Okay, with that, are there any objections to directing staff to do just that? Hearing no objections, all right. Council and staff, do you have sufficient clarity to move forward? All right, we've got head nods. Thank you so much, Manny. Thank you so much, Bonnie. Thank you very much for your time. Thank you. And to Barry online, thank you so much for staying on the call. And your work. Thank you. Thank you. All right, we're moving on to section 15B, discussion and consideration of the purchase of 321 East Martin Luther King Jr. Boulevard. Three Sider-Back will be presenting this item for the board tonight. All right. Come on up to Risa. Opening board, three Sider-Back, Development Services Manager. The address is 321 East MLK Boulevard. It's on the north side of the corridor. The property is one second tree. So could we have someone there we go pull it up great so we can follow along Thank you. There you go Sorry, my site's not the best so This property has been brought to you before. In the past, it went off the market for a while. It came back on. So we looked at it again. Had it appraised. Property appraised at 360. We approached the property owner. She confirmed that the family confirmed a selling price of 370, which includes the CRA paying closing costs. So it's a little bit above appraised value, about 3%. Closing costs, I guess, to make anywhere from 1 to 1.5% of the closing, about 3,700 max to 5, if something unusual comes up, but that's usually around the closing cost. So it's up for your discussion. All right. Thank you so much, Teresa. Who would like to go first? Board Member, go ahead. Teresa, how much is the closing cost, you know? It all depends, but it usually runs about 3,000, 3,700 to 5,000 at the most. I'm not guessing high. Okay. And what percent? I can probably guess, but the percentage that she's asking 370 Over what was the praise 360 360 it's only about 3% 3% yeah Good and I don't like the idea of paying close and cost So why don't my recommendation be there all for Because of where that property located. 375 and she paid the closing costs. Not us. You're stood. I support that board member for me not about the money, the cost of the closing costs. It's about setting a precedent. I don't want to pay for everyone's closing costs, right? Right. So I'm right there with you. OK. Let's go around, by sure. No, I agree. I think that that, I think that it's a reasonable selling price when we up it a little bit to include closing costs. So I think that that's where I would rather see it. And again, it's just first setting precedent. The price is not out of our range and where we want to be, so I'm comfortable with that. All right, thank you. Board member Cruz. I agree with you, remember, hey. All right. So I've got this right, 375, and she pays her own closing costs. Okay. All right. Excellent. So I've got this right, 375, and she pays her own closing costs. Okay. Perfect. I will let her know. We'll come back next with the purchase and development agreement. Yes, let's do public comment on this item. Yes, thank you. If you would like to speak on this item now is the time to approach the podium. Seeing no one approaching the podium is there anybody online? There is no one online, like literally no one online. Everyone left. Everyone left. With that public comment on this item is now closed. I'll entertain a motion. I don't know who would like to make the motion, but somebody just go. Motion to approve. Could you read the motion exactly? Motion to approve the purchase of the property located at 321 East Martin Luther King, Junior Boulevard for an amount in terms as determined by the CRI board and bring the purchase and sale agreement back to the board for approval and signature contingent on legal review. And be specific, 375 and they pay the close of cost Q 75 no closing costs Second all right. We have a motion from board member crews and the second from board member a all in favor of the motion say aye I apologize. I'm sorry and I didn't notice that it's on the agenda before I apologize if I may Approving the purchase I think maybe we're authorizing staff to move forward and bring it back. But I don't want you to pre-prope the purchase before the contract is before you. So I apologize that I didn't notice that phrasing before this moment. Okay. Sorry. What is the amendment that you'd like to make? Direction to staff to create the agreement as directed this evening and bring it back for your approval. Okay. Would you like to make that motion? So move. Okay. All right, we got a motion to second. All those in favor of the new motion say aye. Aye. Aye. Anyone opposed? Motion passed, yes, you can see. Thank you. Thank you, board. Let's keep going, please. Let's make it out before 8.30. 15C, I think we'll finish. Yeah, we will. Yeah. 15th C discussion and consideration of attendance at the South Florida Business Journal 2024 Structures Award on September 19th, 2024 TMs. This is during the days, that correct? It is between the hours of 430 and 730 PM. Oh. So on July 19th, we received an email notification that the heart of Boyton Village, apartments and shops is selected as one of the 2024 structure award finalists for the mixed use project by the South Florida business journal. The winners will be announced and honored at the cocktail reception awards program at Gulfstream Park in Holland, the El Beach on September 19th. And we are looking for someone to attend. Anyone here want to come in 19? September 19th at 4.30 PM down in Holland Hill. One day before my birthday. I, it, Commissioner Hay. Oh, all the more reason for you to go. Three days, three days after her birthday. Yeah, it's, it's the same week as IDC, right? I think you're right. It's within that time frame. I'm not going to that so I can go to that. Okay. Vice Chair, would you like to go? I mean both of you like to go? Just so you're aware there will be an additional expense for additional seats we have one a one person you go yeah it only I think my understanding it is that one person's allowed to go well we we have one free ticket. Free ticket. That won't cost us anything. It's my understanding that there will be limited individual tickets available for purchase two weeks prior to the event at $325 a head. And we also have the potential if we have more than that. We could look at spending anywhere between five to eight, from 9,000 for a table for eight. So it's a little bit on the pricey side. spending anywhere between five to eight from nine thousand for a table for eight. So it's a little bit on the pricey side. IDC. Isn't it when you're gone anyway for member? But aren't you going to IDC? And where is it this year? Denver. No. Oh, you're not going to. Okay. So with that, are we all comfortable with the members? We can look at acquiring a. And it's out of three 20. Why share? With that, are we all comfortable with the question? We have two members. We can look at acquiring an additional fee for $320. Vice Chair. All right. I'm happy to have somebody come with me, but that's fine. I can. $25, sorry guys. Okay. Are we done? Are we good? Where am I hearing here? Vice Chair. I'm not that you're hearing. Vice Chair. All right, thank you. Thank you. Let's move on 15D. Consideration of registration and trial of expenses to attend the Florida Redevelopment Association 2024 annual conference of October 2225th and Tampa, Florida. All right, so the dates are October 22nd through the 25th. We are looking at who would like to attend, do recommend. We do have a budgeted for all five members to attend if you'd like to do so. Also, for our policy, we could open this up to the crowd members if it is your direction to do so. We said that one year I think. Yes. So we just want to make sure that you have the information available. You can click on the link and as always it it behooves you to go ahead and register as early as possible to guarantee that you can actually be on site at the same place with your your accommodations. All right sounds good. What are your thoughts folks on having two craft board members attend? Yes. No. How about you going? You'll be going, okay. What about I can't make a decision now, but I'm more than happy if I can't go to give that up to a CRAB board member. Okay. All right. Sounds good. Anything any other thoughts? I am planning on attending at least a portion of it for sure. Okay, remember Chris? They're just considering attending portion of it. Okay, I fully intend to go. It's one of the best conferences I've been to. Extremely useful. And I have no problem with how Crab members joining. But if you may not go and somebody else may not go, then there go And is a budget for staff as well because I know it's important for them to yeah, they normally go Yeah, we have a budget for staff. We're good there if you're not consideration. Okay. We usually split it up a little bit Some people go so we don't have a completely empty office. All right. Thank you. Thank you so much 16b we have a video apparently. 16B. Boyne Beach Night Market recap. Gabby is going to present this item. Hello. Hi, good evening board. Gabby, for Arab Marketing and Business Promotions Coordinator. On July 27th, we hosted the fourth annual Boyne Beach Night Market and the Street Business Promotional Activation feature a variety of food, retail Beach Night Market, and the three business promotional activation feature a variety of food, retail, artisan, and professional service providers who exuded their goods and services. And the event attendees were encouraged to enjoy the festivities, stroll the avenue with a green space, and to shop with the participating vendors. In addition to two vendors, the family friendly event also featured fun games and activities and live music from the bands making faces and spread it up. The event also features performances by Sunshine Circus Arts, Fred Astaire Dance Studios and Kuryo Taukwondo. In total, 85 business submitted a vendor application including 19 BBCRA businesses. And we have a quick video for you. and their application, including 19 BBCRA businesses. And we have a quick video for you. and and and Excellent. Are we pumping this out? Yeah. Where are we putting this? On all of our social media. All right, go ahead, vice chair. This event was amazing. It was so well attended. And I think that I had several friends that went. And they just had no complaints. It was a well-attended event. I think we really have honed in on the perfect time to do it. I think we have captured that calendar date and people expect it and are excited about it. So it was a lot of fun. I couldn't get my kid to leave. She just had an absolute blast. And I did, one of the things I had a question about, and I meant to ask it during the budget, but I'll ask it now. I know that it looks like we're slated to do two nights, next year. Yes, so I'm sorry. We conduct a survey and asked everybody, all the vendors, the Siri vendors, the point-in-beach vendors, and if they were interested in doing today's, because it's a lot of work and it's gone in just a few hours. So yeah, and we had a positive feedback. Okay. Yeah, I mean, as well attended as it was to be spread out over two nights, I can't, I mean, unless it's bad weather, I cannot imagine it not being a success. So I'm excited to see what two days ends up like next year. I know it's a little experiment. We'll see if it's if it is as successful as it is on one night, but it was it was a great event and you guys really notched out of the park and it was a lot of fun. So thank you Great job Now I'm just gonna say that it really shows What a great job you guys are doing but also the people and Boynton Beach are hungry for activity And they were out and numbers and they were having a great time. So much, I didn't find a real good truck that had a good Italian sausage. But really the guys were having, everybody was having a great time. The costume people, the lady with the long legs, and I mean it was just beautiful. Everybody had a great time and I was glad to see the number of PD officers that were talking with people and the animator and it was well organized and just keep up to good works, okay? Job well done. Thank you. All right, any other comments before we move on? Thank you again. All right, thank you. Let's move on. The next item is 16-F. It is the MLK Boulevard corridor. It makes you's project update. Yay! Well, as mentioned before, all three buildings have been c-out. They're working on closing up their site plan or their site work. I don't really have many photos because I don't have access to the buildings anymore. And there's not much you haven't already seen as far as the site is concerned. So this is the West Building Kitchen. This is a common kitchen for all the residents. If you can go to the next slide. This is the West Building Club Room. I believe there's a TV and some furniture that's going to end up in there. The Wells Building Leasing Office. You're going to have their office space located in there and available for them. The West Building Conference Room for the residents to use. And the lobby. So you can see that they're pretty darn close to being done. Just missing some of the furnishings. Oh, and I forgot the mail room. Which maybe is not the most impressive. But, and the next one is the fitness room. So they are currently working. We are currently working with Centennial on the commercial space and working through training where I think we're six out of eight that are permitted and we're working on getting construction contracts so that they can get underway with the buildouts. What kind of percentage are we looking at in terms of occupancy of the units? They're fully at least up. I don't know if they're all moved in, but they're fully at least up. And I don't think they'll have any issue about these in these up. You guys are really to be commended because I heard of another city that has similar unit. And they have challenges filled them up and yet we're here have people almost standing in line. Right so I don't know. You really have to give Centennial credit because the product that they turned out for affordable housing. I think that's there. As far as the commercial Bonnie's been working with the proposed tenants and getting them through the process and working hard on getting that through so I think kudos to everyone involved. Yeah. Yeah. Thank you. Thank you Thank you board member anything else No final comments for my colleagues, but that may have a motion to a chair We have a motion and a second all all those in favor of journey say aye. Aye. Have a good night everyone, and thank you so much. Great job.