Consideration of the Revision to "Exhibit A" to the Interlocal Agreement between the Boynton Beach CRA and the City of Boynton Beach for Funding Construction and Professional Services.

On November 7, 2023, the CRA and City entered into an Interlocal Agreement (ILA) to provide CRA funding for design activities, materials and equipment, and installation costs associated with the physical improvements for specific projects as outlined in the CRA's Project Fund (see Attachment I - City Resolution R23-161). The ILA details the responsibilities of the City and CRA, the procedures for reimbursement funding to the City, and the reporting requirements by the City to ensure compliance with the Plan and Florida Statutes.

As an overview, the City will be responsible for overseeing the projects, coordinating with the contractor(s) and other entities as necessary for the completion of the projects. Additionally, the City will also be responsible for the maintenance of the improvements as a result of the project, along with contracting with other entities as necessary to comply with applicable codes.

Per Paragraph 4 of the ILA, Exhibit "A" may be updated at any time by the mutual consent of both parties and shall be updated at least annually in a form mutually consented by to by both parties.

2016 Boynton Beach Community Redevelopment Plan

1. Approve the Revised Exhibit "A" to the Interlocal Agreement between the Boynton Beach CRA and the City of Boynton Beach for funding construction and professional services .
2. Do not approve the Revised Exhibit "A" to the Interlocal Agreement between the Boynton Beach CRA and the City of Boynton Beach for funding construction and professional services .
3. Provide alternative direction based on CRA Board discussion.