TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: October 9, 2018
Title
CRA FINANCIAL REPORT - AUGUST 2018
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Recommended Action:
Recommendation
Receive and File.
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Background:
Attached are the August 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 August:
1. Reimbursement- City (G/L #4700) - A reimbursement in the amount of $30,726 was received from the City of Delray Beach for the Economic Development positions.
2. West Atlantic Redevelopment-Land Acquisition (G/L #5115) - Payments totaling $1,413,499 were made as follows:
· Purchase of 98 NW 5th Avenue- $1,406,149
· Anderson & Carr, Inc - Addendum to market value appraisal reports for SW 600-700-800 Blocks - $500
· Parrish & Edwards, Inc - Market Value Appraisal for 24 & 28 NW 7th Avenue - $1,500
· Callaway & Price, Inc - Market Value Appraisal for 602 NW 1st Street - $500
· The BG Group, LLC - Market Value Appraisal for 15 NW 11th Avenue- $3,450
· Allied Appraisal Services, Inc. - Market value appraisal report for NW 7th Avenue- $1,400
3. Redevelopment Sites-Maintenance (G/L #6303) - Payments totaling $12,450 were made to the following vendors for maintenance services at CRA properties:
· Sod Unlimited, Inc. - $9,854
· Raymond Graeve & Sons Construction, Inc. - $2,385
· Miscellaneous - $211
4. Affordable/Workforce Housing Program-A-Guide Funding-DBCLT- (G/L #6535) - A third quarter A-GUIDE payment in the amount of $48,675 was made to DBCLT.
5. Community Improvements & Economic Development- Site Assistance Grants (G/L #7306) - Grants totaling $71,674 were made to the following:
· Ceasar Catering - $12,840
· Deelray Oasis Business Park, LLC. - $50,000
· Law Offices of Herman Stevens - $8,834
6. City Contractual Services- Planning, IT, and Parkin...
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