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File #: 18-0012 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 6/1/2018 In control: Community Redevelopment Agency
On agenda: 6/11/2018 Final action:
Attachments: 1. Agenda Cover Report, 2. Financial Statement-March
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: June 11, 2018


Recommended Action:
Receive and File.

Attached are the March 2018 Financial Statements [1] Statement of Net Assets and [2] Statement of Activities with Budget vs. Actual (YTD).

Below are highlights of significant activities that occurred during the month of March:

1. Reimbursement- City (G/L #4700) - A reimbursement in the amount of $28,732 was received from the City of Delray Beach for the Economic Development positions.

2. West Atlantic Redevelopment-Land Acquisition (G/L #5115) - Payments totaling $28,100 were made to the following Vendors:
· $24,750 - Frederico, Inc.- Demolition of the structures located at 26 & 36 SW 6th Avenue.
· $1,950 - Global Environmental Services - Environmental Assessments for 51 NW 9th Avenue and 15 NW 11th Avenue.
· $1,400 - Allied Appraisal Services, Inc. - Market value appraisal report for 98 NW 5th Avenue.

3. West Atlantic Redevelopment-Project Develop/Implementation (G/L #5120)- A payment in the amount of $10,522 was made to Redevelopment Management Associates, consultant for the proposed RFQ/P for SW 600-900 Blocks on West Atlantic Avenue. In addition, in-kind construction services of $2,466 were provided by Hatcher Construction & Development, Inc. for improvements to the leased space at 710-714 West Atlantic Avenue, which resulted in a credit to the monthly rent payment per the lease agreement between the CRA and Hatcher Construction & Development, Inc.

4. Downtown-DB-Master Plan- S FL Transit (G/L #5233) - A payment in the amount of $20,000 was made to the City of Delray Beach for the Transit Oriented Development planning services.

5. SW Neighborhood Plan-SW 3rd Ct, SW 4th St, 6th St, 7th Ave- Reconst. (CIP) (G/L #5351) A payment in the amount of $48,988 was made to the City of Delr...

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