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File #: 18-0123 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 9/5/2018 In control: Community Redevelopment Agency
On agenda: 9/11/2018 Final action:
Attachments: 1. Agenda Cover Report, 2. Exhibit A - CRA July 2018 Financial Statements
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:                      September 11, 2018






Recommended Action:


Receive and File.




Attached are the July 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 July:


1.                     West Atlantic Redevelopment-Land Acquisition (G/L #5115)- Payments totaling $759,615 were made for the following:

                     Purchase of property located at the northeast corner of W. Atlantic Avenue & NW 11th Avenue - $497,865

                     Purchase of property located at 51 NW 9th Avenue - $259,950

                     Global Environmental Services- $1,800

1.                     Downtown-DB-Master Plan- OSS Facility (CIP) (G/L #5201) - A payment in the amount of $18,570 was made to the City of Delray Beach for sod replacement for OSS Park.


2.                     Downtown-DB-Master Plan-  (TIF) - OSS Building Maintenance (G/L #5202) - A payment in the amount of $372,574 was made to the City of Delray Beach for a new HVAC system for OSS buildings.


3.                     Downtown-DB-Master Plan- South FL Transit-Oriented Development (G/L #5233) - A payment in the amount of $10,000 was made to the City of Delray Beach for planning services by the Treasure Coast Reginal Planning Council associated with the future Delray Beach Tri-Rail Coastal Link station.


4.                     Downtown-DB-Master Plan- Project Development/Implementation (CIP) (G/L #5239) - A payment in the amount of $11,669 was made to Calvin, Giordano & Associates for engineering services associated with the sewer main design at NE 3rd Street & NE 3rd Avenue.


5.                     Redevelopment Sites-Maintenance (G/L #6303)- Payments totaling $16,488 were made to the following vendors for maintenance services at CRA properties:

                     Sod Unlimited, Inc.- $10,959

                     Brad’s Roofing Company, Inc.- $3,500

                     Ray Graeve & Sons Construction, Inc.- $1,300

                     Miscellaneous Expenses- $729



6.                     Affordable/Workforce Housing- Eagle Nest Program- (G/L #6545) - A payment in the amount of $50,000 was made to the City of Delray Beach for the Eagle Nest Program in partnership with the Palm Beach County School District.


7.                     Downtown Marketing Cooperative-DBMC (G/L #7321) - A fourth quarter payment in the amount of $88,978 was made to the DBMC.


8.                     Community Resource Enhancement-A-Guide Funding- (G/L #7376) - Second quarter A-GUIDE payments totaling $321,500 were made to the following nonprofit organizations:

                     Creative City Collaborative- $68,750

                     EPOCH- $27,750

                     Old School Square-$225,000


9.                     Economic Development Initiative- Warehouse/Arts Incubator - (G/L #7440) - Payments for totaling $17,171 were made to the following:

           Arts Incubator Operation Expenses $14,498

                     Salaries & Benefits- $12,171

                     Advertising & Communication- $51

                     Program Expenses- $838

                     Building/Facility Supplies- $238


                     Telephone/Internet- $450

Arts Warehouse Maintenance Expenses $2,814

                     Roof Repair - $873

                     Sprinkler System Inspection - $1,411

                     Alarm Expenses - $530


Attachment(s): Exhibit A - July 2018 Financial Statements


CRA Attorney Review:



Finance Review:

Reviewed and prepared by Lori Hayward, CRA Finance & Operation Director.


Funding Source/Financial Impact:



Timing of Request: