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Board approves additional funding to complete BNR Enterprise mixed-use building
Summary
The Northwest Progressive Flagler Heights advisory board approved a staff recommendation to increase project funding for BNR Enterprise by approximately $100,000 to cover unexpected construction costs, after a presentation from contractor manager Corey Ritchie and a roll-call vote.
Corey Ritchie, contractor manager for the TRA, told the Northwest Progressive Flagler Heights advisory board that an additional $100,000 is required to finish the BNR Enterprise mixed-use building, which includes a ground-floor event space and apartments above.
Ritchie said the board had previously approved an increase but that unforeseen conditions and design changes have driven costs higher. "An additional 100,000 is required to finalize the building," he said, and described added line items including about $15,000 for additional engineering and design, $35,000 to relocate electrical service from overhead to underground, and $25,000 for waterproofing windows as required by the building department. Ritchie said rough-ins for mechanical, electrical and plumbing are already in place and that completing the listed items would allow the project to be finished.
The presentation also addressed owner contributions and funding sources. Ritchie said the owner had already contributed about $369,000 to the project and had repaid an additional $100,000 to HCD. He added that "if he would've used HED funds, then this would've been a Davis Bacon project, which would've made the project a lot, a lot more expensive," a point used to explain why certain federal funding sources were not used.
A board member asked for the size of the event space; Ritchie answered it is approximately 4,000 square feet. During discussion members asked whether the additional money would be structured as a forgivable loan; Ritchie said that had not been done previously and did not confirm forgivable status for this request.
After discussion, a motion "to set the recommendation as proposed" (to increase the funding as recommended) was put to a roll-call vote. The transcript records named votes as follows: Miss Burrows — Yes; Mister Calhoun — Yes; Mister Edwards — Yes; Mister Cohen — Yes; Mister Quayle — Yes; Mister Stafford — No. The board then recorded additional affirmative responses before closing the vote. Based on the recorded roll call, the board approved the funding increase to allow completion of the project. The clerk and chair closed the item and the meeting moved to adjournment.
The board did not specify in the meeting record whether the added funds will be structured as a forgivable loan or a different repayment mechanism; that detail was discussed but not resolved during the session. The project timeline was described as roughly four to five months to completion, according to Ritchie.
Next steps: the board set the staff recommendation in motion and proceeded toward adjournment; no additional votes were announced in the transcript and staff will document final contract and funding terms outside the meeting record.
