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File #: 18-0808 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 5/18/2021 In control: Community Redevelopment Agency
On agenda: 5/25/2021 Final action:
Title: CRA FINANCIAL REPORT - MARCH 2021
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FinStmt - March 2021 FY 20-21
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Renée A. Jadusingh, Esq., Executive Director 

DATE:                      May 25, 2021

 

Title

CRA FINANCIAL REPORT - MARCH 2021

 

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Recommended Action:

Recommendation

Receive and File.

 

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Background:

Attached are the March 2021 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.                     Downtown-DB-Master Plan- Transportation Services (G/L #5230) - A payment of $33,463 was made to Freebee for point-to-point transportation services.

 

2.                     Redevelopment Sites-Property Insurance (G/L #6310) - A payment in the amount of $27,323 was made to Florida Municipal Insurance Trust.

 

3.                     Corey Jones Isle Workforce Housing Development (G/L #6622) - Payments totaling $692,824 were made to the following:

                     Delray Beach Community Land Trust- $658,524

                     Pasquale Kuritzky Architecture Inc.- $34,300

 

4.                     Community Resource Enhancement- Economic Development Incentives (G/L #7415) - Payments totaling $80,662 were made to the following:

                     International Materials, LLC (Job Creation Bonus Program) - $37,500

                     KCMCL Pineapple Grove, LLC (Hyatt Place Hotel) (Development Infrastructure Assistance Program) - $43,162

 

5.                     Economic Development Initiative-International Tennis Tournament- (G/L #7470) - A payment in the amount of $905,000 was made to the City of Delray Beach.

 

Attachment(s): Exhibit A - March 2021 Financial Statements