Community Redevelopment Agency

1. CALL TO ORDER A. Roll Call 2. PUBLIC PARTICIPATION 3. CONSENT AGENDA 3.A Consider the adoption of the Community Redevelopment Agency meeting minutes from held on Tuesday, October 28, 2025. 4. OLD BUSINESS 5. NEW BUSINESS 5.A Resolution No. CRA 01-26: Consider the adoption of a Resolution, which if adopted, would approve the Amended CRA Budget and re-appropriate CRA Funds for Specific CRA Capital Projects for Fiscal Year 2025 - 2026 5.B Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Small-Scale Commercial Facade / Property Improvement 50-50 Matching Grant in the Amount of $19,625 to Cynthia Olsen, Owner, Food Solutions Holdings LLC Located at 109 N. Causeway, New Smyrna Beach Community Redevelopment Agency Tuesday, January 27, 2026 at 5:10 PM City Commission Chambers 214 Sams Avenue, New Smyrna Beach, Florida 32168 The City of New Smyrna Beach January 27, 2026 1

5.C Consider the approval of an extension for Ronin Sushi Bar NSB LLC Large- Scale Commercial Facade / Property Improvement Grant at 115 Live Oak Street 5.D Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Large-Scale Facade / Property Improvement 50-50 Matching Grant in the Amount of $59,333.49 to Pardeep Lodia, President Deep Petroleum, Inc. located at 620 N. Dixie Freeway, New Smyrna Beach. 5.E Consider the approval of a Historic Home Preservation Facade / Property Improvement 50-50 Matching Reimbursement Grant Program in the Amount of $50,000 per Grant. 5.F Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Large-Scale Commercial Façade/Property Improvement 50-50 Matching Grant in the amount of $100,000 to Dr. Abigail Adams, Owner of Grande Key Properties, LLC, located at 105 North Orange Street, New Smyrna Beach. 5.G Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Large-Scale Commercial Façade/Property Improvement 50-50 Matching Grant in the amount of $88,050 to Dr. Abigail Adams, Owner of Grande Key Properties, LLC, located at 115 North Orange Street, New Smyrna Beach. 5.H Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Large-Scale Commercial Façade/Property Improvement 50-50 Matching Grant in the amount of $70,650 to Dr. Abigail Adams, Owner of GKP Julia, LLC located at 310 Julia Street, New Smyrna Beach. 5.I Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach Adaptive Reuse Opportunity 50-50 Matching Grant in the amount of $250,000 to Bernard Huckestein, owner of NSB Magnolia LLC located at 300 Magnolia Street, New Smyrna Beach for the construction of the Yardery of New Smyrna Beach (YNSB). 6. REPORTS AND COMMUNICATIONS The City of New Smyrna Beach January 27, 2026 2

7. ADJOURNMENT Pursuant to Florida Statutes 286.0105, if an individual decides to appeal any decision made by the board, agency or commission of the City of New Smyrna Beach with respect to any matter considered at this meeting, a record of the proceedings will be required and the individual will need to ensure that a verbatim transcript of the proceedings is made, which record includes the testimony and evidence upon which the appeal is based. Such person must provide a method for recording the proceedings. In accordance with the Americans with Disabilities Act, persons needing assistance to participate in any of these proceedings should contact the City Clerk’s office in person or by mail at 210 Sams Avenue, New Smyrna Beach, Florida 32168, (386) 410-2630, prior to the meeting. The City of New Smyrna Beach January 27, 2026 3

THE CITY OF NEW SMYRNA BEACH - CITY CLERK'S OFFICE CONSIDER THE ADOPTION OF THE COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES FROM HELD ON TUESDAY, OCTOBER 28, 2025. January 27, 2026 Background: The CRA held a meeting on Tuesday, October 28, 2025. The meeting minutes are attached for the board's review and adoption consideration. Fiscal Analysis: N/A Strategic Plan Item: No Staff Report Created By: Sharon Taylor-Harding Attachments: Community Revedelopment Agency Meeting Minutes - October 28,, 2025.pdf 4

1 | P a g e Community Redevelopment Agency Tuesday, October 28, 2025. at 6:10 PM MINUTES 1. CALL TO ORDER Having been duly advertised as required by law, the regular meeting of the Community Redevelopment Agency of the City of New Smyrna Beach, Florida, was held on Tuesday, October 28, 2025, at the City Commission Chambers, 214 Sams Avenue, New Smyrna Beach, Florida 32168. Chair Fred E. Cleveland opened the meeting at 6:10 PM. Present: Chair Fred E. Cleveland, Vice Chair Lisa Martin, Member Valli Perrine, Member Jason McGuirk, and Member Brian Ashley 2. PUBLIC PARTICIPATION Karen Francis, 261 Minorca Beach Way, provided a definition of the Community Redevelopment Agency. 3. CONSENT AGENDA 3.A Consider the adoption of the Community Redevelopment Agency meeting minutes from held on Tuesday, September 9, 2025. Motion: Member McGuirk moved to adopt the Community Redevelopment Agency meeting minutes held on Tuesday, September 9, 2025. Member Ashley seconded the motion. The motion passed by unanimous vote. 4. OLD BUSINESS 5

2 | P a g e 5. NEW BUSINESS 5.A Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) large-scale commercial facade/property improvement 50-50 matching grant in the amount of $61,698 to Bob Colvin, President of International Brew, INC. dba Merks Bar & Grille located at 193 North Causeway, New Smyrna Beach. Motion: Member Perrine moved to approve the Community Redevelopment Agency of the City of New Smyrna Beach (CRA) large-scale commercial facade/property improvement 50- 50 matching grant in the amount of $61,698 to Bob Colvin, President of International Brew, INC. dba Merks Bar & Grille located at 193 North Causeway, New Smyrna Beach. Member McGuirk seconded the motion. The motion passed by 4-1 majority vote with Vice Chair Martin voting no. 5.B Consider the approval of a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Historic Commercial Preservation and/or not- for-profit grant (50-50 Matching) application in the amount of $20,598 for the New Smyrna Beach Garden Club to enhance the landscaping and create additional learning opportunities at their building located at 2000 Turnbull Bay Road. Motion: Vice Chair Martin moved to approve a Community Redevelopment Agency of the City of New Smyrna Beach (CRA) Historic Commercial Preservation and/or not-for-profit grant (50-50 Matching) application in the amount of $20,598 for the New Smyrna Beach Garden Club to enhance the landscaping and create additional learning opportunities at their building located at 2000 Turnbull Bay Road. Member McGuirk seconded the motion. The motion passed by unanimous vote. 5.C Consider an extension for Delegal LTD Inc. for the large-scale commercial facade/property improvement grand at 1311 North Dixie Freeway. Motion: Member McGuirk moved to approve an extension for Delegal LTD Inc. for the large-scale commercial facade/property improvement grand at 1311 North Dixie Freeway. Vice Chair Martin seconded the motion. The motion passed by unanimous vote. 6. REPORTS AND COMMUNICATIONS 6

3 | P a g e 7. ADJOURNMENT As there was no further business to discuss, Chair Cleveland adjourned the meeting at 6:45 pm. 7

THE CITY OF NEW SMYRNA BEACH - CRA/ECONOMIC DEVELOPMENT RESOLUTION NO. CRA 01-26: CONSIDER THE ADOPTION OF A RESOLUTION, WHICH IF ADOPTED, WOULD APPROVE THE AMENDED CRA BUDGET AND RE-APPROPRIATE CRA FUNDS FOR SPECIFIC CRA CAPITAL PROJECTS FOR FISCAL YEAR 2025 - 2026 January 27, 2026 Background: On September 9, 2025, the CRA Board approved Resolution No. CRA 02-25, Fiscal Year 2025 - 2026 CRA Budget in the amount of $10,209,070. Findings: TIF revenues are based on early estimates provided by the Volusia County Property Tax Appraiser's Office in May for budgeting. In November, the property valuations are finalized. The final valuations do oftentimes vary from the estimates and the balance forward and interest earned are also finalized from the previous fiscal year. The original approved budget included: Proposed Revenues: County TIF $1,138,230 City TIF $1,735,796 Earnings & Interest $111,000 Balance Forward $7,224,043 Total Revenues: $10,209,070 Motion to approve Resolution CRA 01-26, the amended FY 2025 - 2026 CRA Budget. Fiscal Analysis: The Final Current Year Taxable Value in the CRA $592,529,286 (May's Estimate was $584,634,903). This increase in taxable value resulted in an increase in TIF from both Volusia County and City. The Finance Department closed out the 2024 - 2025 fiscal year and provided the corrected amount of CRA Trust Funds to Carry Forward to this current fiscal year and re- allocate to the Redevelopment Assistance, Grants in Aids and Capital Projects. New Amended Budget Revenues Include: County TIF: $1,156,914 City TIF: $1,772,037 8

Balance Forward: $8,176,786 Interest Earnings: $ 111,000 Total Revenues: $11,216,737 Amended Expenditures Include: Development & Assistance Grants: $3,310,522 (including Facade Grants that from last year awaiting completion) (moving $34,000 from Small Scale Commercial Facade / Property Improvement Grants to Capital Projects for the Babe James Splash Pad Upgrades) Other Grants & Aides: $610,000 Capital Projects: $7,296,215 (Including capital project approved last year currently underway) (adding the $34,000 Babe James Splash Pad Upgrades and adding $1,007,667 for the Design for a Seawall Replacement Project at Riverside Park) Total Expenditures: $11,216,737 Strategic Plan Item: No Staff Report Created By: Samantha Bergeron - CRA / Economic Development Director Attachments: Res CRA 01-26 Adopting Amended FY2025-2026 Budget.pdf 9

N w¢01#wO£Dw RESOLUTION NO. CRA 01-26 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF NEW SMYRNA BEACH ADOPTING A REVISED BUDGET AND REAPPROPRIATING THE CRA FUND BALANCE TO SPECIFIC AND AMENDED CRA CAPITAL PROJECTS FOR FISCAL YEAR 2025-2026; PROVIDING FOR CONFLICTING RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, The Community Redevelopment Agency of the City of New Smyrna Beach (CRA) was created pursuant to Chapter 163, Part III, Florida Statutes (the “Community Redevelopment Act”) establishing the conditions and procedures for the establishment of community redevelopment areas and agencies; and WHEREAS, the Community Redevelopment Agency of the City of New Smyrna Beach is a dependent special district under Chapter 189, Florida Statues (2006), known as the Uniform Special District Accountability Act (the “Special District Act”); and WHEREAS, the Special District Act requires all special districts, including dependent special districts, such as the Community Redevelopment Agency of the City of New Smyma Beach, to adopt a budget for each fiscal year by resolution and any amendments or revisions; and WHEREAS, Florida Statute 163.387 (7) (d) requires any money remaining in the Community Redevelopment Agency (CRA) trust fund at the end of each fiscal year to be re- appropriated pursuant to the next annual budget adopted by the Community Redevelopment Agency; and WHEREAS, the Community Redevelopment Agency of the City of New Smyrna Beach has proposed the re—appropriation of the remaining funds in the fiscal year 2024—2025 CRA Fund Balance to specific and amended CRA Capital Projects for the fiscal year 2025—2026 budget. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENTAGENCY OF THE CITY OF NEW SMYRNA BEACH, FLORIDA AS FOLLOWS: SECTION l. Autlmrity. The Community Redevelopment Agency of the City of New Smyma Beach has the authority to adopt this Resolution pursuant to the Special District Act. SECTION 2. Adoption 0f Budget. The governing body of the Community Redevelopment Agency ofthe City of New Smyrna Beach does hereby approve and adopt a revised Budget for the Community Redevelopment Agency of the City ofNew Smyma Beach for Fiscal Year 2025- 2026 and the re—appropriation of the remaining funds to specific and amended CRA Capital Page 1 of 2 RES CRA 01-26 FY2025-2026 Adopt Revised Budget & Re-Appropriation Janaury 27, 2026 10

43 2026 and the re-appropriation of the remaining funds to specific and amended CRA Capital 44 Projects for Fiscal Year 2025—2026. A copy of the budget is attached hereto and incorporated 45 herein as Exhibit “A”. 46 47 SECTION 3. Severability Ifany section, subsection, sentence, clause, phrase or portion of this 48 Resolution is for any reason held invalid or unconstitutional by any court of competent 49 jurisdiction, such portion shall be deemed a separate, distinct and independent provision and 50 such holding shall not affect the validity of the remaining potion hereto. 51 52 SECTION 4. Confh'cting Resolutions. That all resolutions or parts thereof that are in conflict 53 with this resolution are hereby rescinded or repealed. 54 55 56 60 61 62 SECTION 5. Effective Date. This resolution shall take effect immediately upon its final adoption. APPROVED AS TO FORM AND CORRECTNESS: CARRIE AVALLONE City Attorney DATE: .20 20,2 Page 2 of 2 RES CRA 01-26 FY2025-2026 Adopt Revised Budget & Re—Appropriation Janaury 27, 2026 11

Community Redevelopment Agency of the City of New Smyrna Beach Amended Budget FY 2025 -2026 vi? L M NEW SMYRNA BEACH Current Year Taxable Value Less Base Year Tax Value Equals Increment Value EXHIBIT A Amended Budget Fiscal Year October 1, 2025 - September 30, 2026 Time: 2015 -ZO35 2002 Acres Board: City Commission Registered Agent: Samantha Bergeron, CRA/ Economic Development Director URL: https://www.cityofnsb.com/1286/Community-Redevelopment $592,529,286 $190,264,372 $402,264,914 GL Line Code Revenues: Description Amount Notes: l253(l0[)().3l9101 County TIF (Millage 3.2007) 95% of 95% $1,156,914 12530000310102 City TIF (Millage 4.637) X 95% $1,772,037 i? 12530000361 1111 Interest Earnings $111,000 12530000389101 Appropriated Fund Equity $8,176,786 (aka Balance Forward) Total Revenues $11,216,737 Expenses: Re-Development Assistance & Incentives Line Cude n Description Amount Comprehensive Plan Goals, Objectives and Policies 12555201583006.26LSF Large-Scale Commercial Facade / Property Improvement Grant Program $600,000 Program will assist eligible businesses / commercial property owners located within the CRA District with exterior commercial facade improvements (up to $100,000 per applicant), (Approximately 6 Projects) (CRA Plan pages 20, 21 & 77 Goal 4 Commercial / Industrial Development) 12555201583006.25LSF The Magnolia Carl Hodges $96,238 rollover from last year approved August 26, 2025 1255520158300625LSF Amanda Prokop - NSB Chiropractic $100,000 rollover from last year approved July 22, 2025 12555201583006.25LSF Victoria Marsh - 114 Live Oak St. $98,284 rollover from last year approved July 22, 2025 12555201 583006.25LSF DeLegal TTD (Park Center ll) $100,000 Rollover from last year 12555201583006.25LSF Ronin Sushi Bar $100,000 Rollover from last year 12555201583006.26SCF Small Scaie Commercial Facade/ Property Improvement Grant Program $166,000 Program will assist eligible businesses / commercial property owners located in the CRA District with exterior commercial facade improvements (up to $20,000 per applicant). (Approximately 10 projects) (CRA Plan pages 20, 21 & 77 Goal 4 Commercial / Industrial Development) 12555201 583006.26ARG Adaptive Reuse Opportunity Grant Program $1,000,000 Program will assist business / commercial property owners located CRA District with Adaptive Reuse Based Commercial Facade / Property Improvements. Awards up to $250,000 per eligible applicant, (Approximately 4 projects) (CRA Plan page 20) 12

Community Redevelopment Agency of the City of New Smyrna Beach Amended Budget FY 2025 ~2026 12555201583006.25ARG ARO Grant - Air Specialists dba Davis Brother $250,000 Rollover from last year 12555201583006.25ARG ARO Grant - Looking Good Properties $250,000 Rolluver from iast year I2555201.583006.25ARG ARO Grant - Wayne Gonzalez $250,000 Rollover from last year 12555201583006.26llllG Historic Home Preservation Grant 5200/000 Program will assist owner-occupied homeowners with exterior improvements to their singie-family historic home in the CRA's Historic Districts. Home must be included on the Historic Registry. Awards up to $50,000 per eligible applicant, (CRA Plan pages 21, 3S & 77 Goal 5 Residential and Neighborhoods & page 81 Accessibility Goal - Housing) l25552()i.583006t26IICG Historic Preservation Commercial & Not- for-Profit Grant Program $100,000 Funds will assist non-profits within CRA District with commercial facade / property improvements. Awards up to $50,000 per eligible applicant (Approximately 2 projects) (CRA Plan page 19) Subtotal Development Assistance & Incentives — $3,310,522 Line Code“ Other Grants and Aids Rollover from last year Funding will assist Housing Authority with a Florida Housing Finance Corporation 9% low income housing tax credit program application for Phase 2 of Greenlawn Manor (CRA Plan pages 20, 21 & 77 Goal 5 Residential and12555202583006.25LOD NSB Housing Grant Phase 2 $460,000 Neighborhoods & page 81 Accessibility Goal - Housing) Resolution 40»23 Rollover from last year Funds will be used to assist with the demolition or Live Oak Housing Demolition or infrastructure costs associated with redeveloping 40 units of lost public housing in l2555202i58300625NliG Infrastructure Development Assistance $150,000 the Historic Westside Neighborhood (CRA Plan pages 20, 21 Si 77 Goal 5 Residential Funding and Neighborhoods & page 81 Accessibility Goal - Housing) Subtotal Other Grants and Aids $610,000 Line Code Capital Projects 1255203.563zoa.2smu Babe James Splash Pad Upgrade $34,000 (Goal 1 Construct / Improve Public facilities and infrastructure; goal 4 Provide and improve recreation facilities) (Page 19, 20) l2555203.563203.26ASS ATCT Septic to Sewer Project (Design) $174,513 Rollover from last year Funds will be utilized to assist with external government grants to improve public infrastructure within the CRA District and Airport (CRA Plan page 19 and 82 Sanitary Sewer, Potable Water, Solid Waste, Drainage, and Natural Groundwater Aquifer Recharge Element) l25552()3.563203.26ASS ATCT Septic to Sewer Project (Construction) $300,000 Rollover from last year Funds will be utilized to assist with external government grants to improve public infrastructure within the CRA District and Airport (CRA Plan page 19 and 82 Sanitary Sewer, Potable Water, Solid Waste, Drainage, and Natural Groundwater Aquifer Recharge Element) l2555203.563203425AIB Airport Beautification Design $45,000 Rollover from last year Funds will be used for infrastructure (high speed internet to tower) (sewer line), new signage, landscaping and additional infrastructure as needed to improve public infrastructure at the Airport (CRA Plan pages 19,78,79, 81, 82) 13

Community Redevelopment Agency of the City of New Smyrna Beach Amended Budget FY 2025 -2026 1255520356320325AIB Airport Beautification Construction $300,000 Rollover from last year Funds will be used for infrastructure (high speed internet to tower) (sewer Iine), new signage. landscaping and additional infrastructure as needed to improve public infrastructure at the Airport (CRA Plan pages 19,78,79. 81, 82) 12555203563203.26THA AVCON Hangar Infrastructure Design $100,000 Rollover from iast year Funds will be utilized to assist with external government grants to improve public infrastructure within the CRA District and Airport (CRA Plan page 19 and 82 Sanitary Sewer. Potable Water, Solid Waste, Drainage, and Natural Groundwater Aquifer Recharge Element) 1255520356320326THA AVCON Hanger Infrastructure CAS/ Construction . $1,166,010 Rollover from last year (NOTE: Project cost is $2,240,000) Funds will be utilized to assist with external government grants to improve public infrastructure within the CRA District and Airport (CRA Plan page 19 and 82 Sanitary Sewer, Potable Water, Solid Waste, Drainage, and Natural Groundwater Aquifer Recharge Element) Rollover from last year Funding will assist in the completion of eligible and approved CDBG projects that have an average allocation from HUD (Through 12555203563203126CDG Community Development Block Grant $50,000 Volusia County) of $100,000, If a CDBG project exceeds the County's allocation, CRA funding would assist with covering the additional cost. (CRA Plan pages 20, 21 & 77 Goal 5 Residential and Neighborhoods) Stormwater Management - Dredge Funding will enhance the stormwater management of the area and remove l2555203.549099125TBR Between Turnbull Bay Bridge and Railroad trussell $400,000 sediment thus allowing for better stormwater drainage (Page 19. 25 - 26) Rollover from last year Funding will provide for a conversion to LED lights for the $2,358,500 existing halogen light fixtures, creating safer, and more cost efficient sports fields. [2555203.5632031253C4 LED Light Conversion Sports Complex (Goal 1 Construct/ Improve Public facilities and infrastructure; goal 4 Provide and improve recreation facilities) (Page 19, 20) 1255520356320325PSS Pettis Park improvement Project $100,000 Rollover from last year Funds will be utilized for lighting improvements to Pettis Park (CRA Plan pages 20, 23, 35 and 82 Recreation and Open Space) Rollover from last year Funding will provide for a conversion to LED lights for the Rocco Park LED Retrofit $155,000 existing halogen light fixtures, creating safer, and more cost efficient parking lot. |2555203,563203.25RPL (Goal 1 Construct/ improve Public facilities and infrastructure; goal 4 Provide and improve recreation facilities) (Page 19, 20) [2555203,5632031253PL Skate Park Lighting $106500 Rollover from last year (Goal 1 Construct/ Improve Public facilities and infrastructure; goal 4 Provide and improve recreation facilities) (Page 19, 20 ) 12555203563203.25SCP New Playground @ Sports Complex $499,025 Rollover from last year (Goal 1 Construct / improve Public facilities and infrastructure; goal 4 Provide and improve recreation facilities) (Page 19, 20) 14

THE CITY OF NEW SMYRNA BEACH - CRA/ECONOMIC DEVELOPMENT CONSIDER THE APPROVAL OF A COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF NEW SMYRNA BEACH (CRA) SMALL-SCALE COMMERCIAL FACADE / PROPERTY IMPROVEMENT 50-50 MATCHING GRANT IN THE AMOUNT OF $19,625 TO CYNTHIA OLSEN, OWNER, FOOD SOLUTIONS HOLDINGS LLC LOCATED AT 109 N. CAUSEWAY, NEW SMYRNA BEACH January 27, 2026 Background: Background: On April 13, 2021, the CRA Board and City Commission approved the program guidelines for the Small-Scale Commercial Facade / Property Improvement Grant Program, Large- Scale Commercial Facade / Property Improvement Grant Program and the Adaptive Reuse Opportunity Grant Program. The purpose of the program is to encourage commercial property owners to upgrade their properties by improving the external appearance of their business and to encourage businesses to invest in the growth of their business within the CRA District. The result will halt deterioration, stabilize property values, improve, and upgrade the appearance of the area, and facilitate and encourage redevelopment activity within the CRA District. For this grant request, the CRA Board is considering an award of a Small-Scale Commercial Facade / Property Improvement Grant in the amount of $19,625 to Cynthia Olsen, owner of Food Solutions Holdings LLC for parking lot repaving, parking lot restriping, curb repairs and exterior ADA improvements. The work is estimated to cost $39,250. Findings: The applicant provided all of the required documentation and meets the eligibility requirements for this grant program. three quotes: D2 Paving & Site Work LLC $46,350 Vista Construction of Florida $44,180 Parking Lot Pro's $39,250 Motion to approve the award of a small-scale grant in the amount of $19,625 to Cynthia Olsen owner of 109 N. Causeway, New Smyrna Beach Fiscal Analysis: 15

In the current fiscal year, 2025 - 2026 budget, $200,000 has been allocated for Small- Scale Commercial Facade / Property Improvement Grants. Strategic Plan Item: No Staff Report Created By: Samantha Bergeron - CRA / Economic Development Director Attachments: Small-Scale CRA Grant Application- 109 N Causeway - Cindy Olsen.pdf site plan 109 N Causeway.pdf Agreement - 109 N Causeway - Olsen.pdf 16

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COMMUNITY REDEVELOPMENT AGENCY OF CITY OF NEW SMYRNA BEACH SMALL SCALE COMMERCIAL FA<;ADE/PROPERTY IMPROVEMENT GRANT AGREEMENT This agreement is entered into this 27th day of January 2026 by and between the Community Redevelopment Agency of City of New Smyrna Beach, a Section 163.357, Fla. Stat., agency ("GRANTOR") and Cynthis Olsen, owner of Food Solutions Holdings LLC located at 109 N. Causeway, New Smyrna Beach, FL 32169 (Parcel ID 741701010061) ("GRANTEE"), a Florida Limited Liability Corporation. RECITALS WHEREAS, GRANTOR has established a Small Commercial Fa<;ade/Property Improvement Grant Program to further the Community Redevelopment Area (CRA) Master Plan and encourages revitalization of commercial and industrial properties by assisting in the cost of exterior commercial fa<;ade/property improvement projects within the Community Redevelopment Area; and WHEREAS, GRANTEE is the owner of a commercial property located at 109 N. Causewav. New Smyrna Beach. FL 32169 and has made application for a grant under the Small Scale Commercial Fa<;ade/Property Improvement Grant Program for parking lot repaving. parking lot restriping and exterior ADA improvements; and WHEREAS, GRANTOR has evaluated the application against the program criteria and finds that the proposed improvements to be made by GRANTEE satisfy the program criteria and will provide a great benefit to the CRA. NOW THEREFORE GRANTOR AND GRANTEE AGREE AS FOLLOWS: SECTION 1. IMPROVEMENTS. GRANTEE agrees to obtain a Florida licensed contractor to parking lot repaving. parking lot restriping and exterior ADA improvements of the commercial property located at 109 N. Causeway. New Smyrna Beach, FL 32169 (Parcel ID 741701010061) , as more particularly described in Exhibit A, attached hereto and incorporated herein, and in accordance with the following conditions: (a) GRANTEE agrees that it is required to obtain all necessary permits to proceed with the proposed exterior improvements and that all work must comply with the City's Land Cynthia Olsen - 109 N. Causeway - Small-Scale Comm. Fa9ade/Property Improvement Grant Agreement January 27 2026 Page 1 of 7 29

Development Regulations, the Florida Building Code, and any other applicable City, County, State or Federal regulations. (b) GRANTEE agrees that the work involved for the proposed exterior commercial fac;:ade/property improvements must begin within thirty (30) calendar days of the date of last execution of this Agreement and that failure to begin work in that time frame may result in the proposed improvements being deemed ineligible for grant reimbursement. (c) GRANTEE agrees and understands that all work eligible for reimbursement must be completed and approved by staff on or before June 30, 2026 (d) GRANTEE agrees that the CRA/Economic Development Director may approve a maximum of two (2) grant extensions for a total of an additional 240 days. Any additional grant extensions shall require approval of the Community Redevelopment Agency Board. SECTION 2. REIMBURSEMENT. GRANTEE understands that the maximum eligible amount for the aforementioned decorative exterior fac;:ade improvement, install two 3 X 8 new exterior doors. construct handicap ramp. fabricate and install exterior awnings, remove and replace the front porch, install new electrical service. exterior stucco using wire an expansion joints and 4" band on the exterior windows and doors, instalJ new irrigations system and landscaping. exterior landscaping lighting and exterior painting including trim and doors is $100,000 and that this is a reimbursement grant. Based on the cost estimates provided by GRANTEE during the initial grant application totaling $ 39,250.00 the maximum eligible grant award to GRANTEE is $ 19,625.00 subject to the following conditions: (a) GRANTEE understands and agrees that it shall incur all project costs and may receive reimbursement from GRANTOR only after the Section 1 improvements have been completed in a professional and workman-like manner and completed in substantial conformity with the approved plans, design drawings and specifications, as detailed in Exhibit A, and consistent with the terms of this Agreement. GRANTEE agrees that the project shall be deemed complete only after final inspection and approval by the CRA/Economic Development Department and the Development Services Director or designee. Such inspection will only be performed after the GRANTEE tenders the following to GRANTOR: 1) An executed and notarized contractor statement showing the full cost of the work, as well as each separate component amount due to the contractor Cynthia Olsen - 109 N. Causeway - Small-Scale Comm. Fa9ade/Property Improvement Grant Agreement January 27, 2026 Page 2 of 7 30

and each subcontractor involved m furnishing labor, materials or equipment; and 2) Proof of payment for eligible reimbursable costs (e.g., detailed invoices and copies of processed or cancelled checks); and 3) Proof that all required local, state and federal permits were secured; and 4) Proof that all work passed the requisite inspections; and 5) Final lien waivers from all contractors and subcontractors; and 6) Photos of the finished improvements for presentations. No later than 60 days after approval, GRANTOR shall issue a check to the GRANTEE for an amount up to the maximum eligible grant award as demonstrated by the proof of payment. (b) GRANTOR reserves the right to deny any reimbursement payment should the final inspection reveal that the work performed was not completed in a professional or workman-like manner or was not completed in substantial compliance with the approved plans, design drawings and specifications, as detailed in Exhibit A, and consistent with the terms of this Agreement. GRANTOR shall notify GRANTEE of any such findings in writing and sent via certified mail to Cynthis Olsen. 1214 S. Riverside Drive. New Smyrna Beach, FL 32168 or an updated mailing address provided in writing to the CRA by the grantee. (c) GRANTEE agrees that it is within the CRA/Economic Development Director's discretion to authorize partial grant payments based upon a draw schedule to facilitate the timely completion of approved projects, but in no event will the partial payments add up to an amount more than the maximum eligible grant award. SECTION 3. INTERIM INSPECTIONS. GRANTEE agrees that the CRA/Economic Development Department shall periodically review the progress of the exterior commercial fa9ade/property improvements at 109 N. Causeway. New myrnaBeach, FL 32169 (Parcel ID 741701010061). Such inspections shall not replace any permit inspection by the city's Development Services Department. GRANTOR agrees that the CRA/Economic Development Department shall notify GRANTEE of any work which does not appear to be in conformance with the approved plans, design drawings and specifications. Such deficiencies shall be immediately remedied by the GRANTEE. GRANTEE agrees that failure to cure deficient or improper work may result in denial of any reimbursement payment request. Cynthia Olsen - 109 N. Causeway - Small-Scale Comm. Fagade/Property Improvement Grant Agreement January 27 2026 Page 3 of 7 31

SECTION 4. ALTERATIONS. GRANTEE agrees not to alter, modify or remove the improvements made in accordance with this Agreement without the written permission of GRANTOR for a period of five years. SECTION 5. MAINTENANCE. GRANTEE agrees to maintain the improvements made in accordance with this Agreement for a period of five years. GRANTEE agrees that if it does not maintain the improvements made in accordance with this Agreement for a period of five years, it shall reimburse GRANTOR all grant monies received under this Agreement for any exterior commercial fa<;ade/property improvements that have not been maintained. GRANTEE also agrees that if within the five-year maintenance period the exterior improvements are damaged by such things as automobiles, wildlife, acts of nature, or stolen, it shall notify GRANTOR and provide documented proof of such damage. GRANTEE agrees and understands that it shall repair or replace any of the exterior improvements that are damaged or stolen within the five-year maintenance period at its sole expense. SECTION 6. FUTURE SALE. GRANTEE agrees that if the commercial property is listed for sale or lease within five years of the grant funds being awarded, GRANTEE or its authorized representative must notify the CRA in writing via certified mail within five calendar days and either provide GRANTOR with reimbursement of the maximum eligible grant award prior to sale or lease or condition the sale or lease upon the new owner or tenant entering into this Agreement for the remainder of the five-year term. SECTION 7. RELEASE AND INDEMNIFICATION. GRANTEE agrees that it releases GRANTOR from, and agrees that the GRANTOR shall not be liable for, and agrees to indemnify and hold harmless the GRANTOR and its officials, officers, employees and agents from and against, any and all losses, claims, damages, liabilities or expenses, of every conceivable kind, character and nature whatsoever arising out of, resulting from or in any way directly or indirectly connected with the Small Scale Commercial Fa9ade/Property Improvement Grant Program. GRANTEE further agrees to pay for or reimburse the GRANTOR and its officials, officers, employees and agents for any and all costs, reasonable attorneys' fees, liabilities or Cynthia Olsen - 109 N. Causeway - Small-Scale Comm. Fac;:ade/Property Improvement Grant Agreement January 27, 2026 Page 4 of 7 32

expenses incurred in connection with investigating, defending against or otherwise in connection with any such losses, claims, damages, liabilities, or causes of action directly or indirectly connected with the Small Scale Commercial Fa9ade/Property Improvement Grant Program, including those incurred on appeal. GRANTOR shall have the right to select legal counsel and to approve any settlement in connection with such losses, claims, damages, liabilities, or causes of action. SECTION 7. OTHER WORK. Nothing herein is intended to limit, restrict or prohibit GRANTEE from undertaking any other work in or about the subject premises which is umelated to the Small-Scale Commercial Fa9ade/Property Improvement Grant provided for in this Agreement. Cynthia Olsen -109 N. Causeway - Small-Scale Comm. Fa9ade/Property Improvement Grant Agreement January 27, 2026 Page 5 of 7 33

WITNESSES: Print Name: --------- Print Name:--------- COMMUNITY REDEVELOPMENT AGENCY OF CITY OF NEW SMYRNA BEACH, BY:--------------- FRED E. CLEVELAND, Mayor and Chairman ATTEST: KEVIN COWPER, City Manager STATE OF FLORIDA COUNTY OF VOLUSIA The foregoing instrument was acknowledged before me this __ day of ________ 2026, by FRED E. CLEVELAND, as the Chairman, City of New Smyrna Beach Community Redevelopment Agency and KEVIN COWPER the City Manager of the City of New Smyrna Beach. They are personally known to me. NOTARY PUBLIC Notary Seal Cynthia Olsen -109 N. Causeway - Small-Scale Comm. Fa9ade/Property Improvement Grant Agreement January 27, 2026 Page 6 of7 34

WITESSES: CYNTHIA OLSEN, MANAGER FOOD SOLUTIONS HOLDINGS, LLC 109 N. CAUS W SMYRNA BEACH, FL BY: _,_<-v+.__,,_,L---"--------'-"'�-+->-<--+lf'"'-"""--t-----'------'-'--'-''--'-""-¥-------v SIGNATURE AND TITLE Print Name: A:xb 'I k B '( uc.. e STATE OF FLORIDA I\) e-� Y•rl<. COUNTY OF VOLUSIA {:) �o�ctj4 The foregoing instrument was acknowledged before me this my of ac.,__±ober 2025, by _______________________ He is personally known to me or has produced t( o t- ,"'d'\. d) r,'v-ee, as identification. L,·�e. �lt73,a« NOTARYPUBL¢?' Notary Seal Cynthia Olsen -109 N. Causeway - Small-Scale Comm. Fac;ade/Property Improvement Grant Agreement Januray 27, 2026 Page 7 of 7 35

THE CITY OF NEW SMYRNA BEACH - CRA/ECONOMIC DEVELOPMENT CONSIDER THE APPROVAL OF AN EXTENSION FOR RONIN SUSHI BAR NSB LLC LARGE- SCALE COMMERCIAL FACADE / PROPERTY IMPROVEMENT GRANT AT 115 LIVE OAK STREET January 27, 2026 Background: The CRA Board approved and awarded this grant on January 29, 2025. The CRA / Economic Development Director has granted two extensions: 180 day extension granted May 9, 2025 60 day extension granted November 3, 2025 The grant awardee has had some issues related to the required fire sprinkler system that have delayed the work of tasks that need to take place after the fire sprinkler system is completed. The owners are respectfully requesting an extension to complete the project as per the agreement. Need additional 90 days to July 1, 2026 Findings: The project has been pushing forward, since the permits were approved. The grant awardee provides regular updates as required. Motion to approve the requested 90-day extension to Ronin Sushi Bar NSB LLC to the new deadline of July 1, 2026 Motion to approve grant extension time to July 1, 2026 for Ronin Sushi Bar NSB LLC. Fiscal Analysis: The budgeted item for the approved $100,000 reimbursement was forwarded or rolled over to this current fiscal year's approved budget. Strategic Plan Item: No Staff Report Created By: Samantha Bergeron - CRA / Economic Development Director Attachments: 2025 Nov 3 Ronin Sushi Bar NSB Large Scale Grant Extension Approval Letter.pdf 2025 May 9 Ronin Sushi Bar NSB Large Scale Grant Extension Approval Letter.pdf 36

2025 Jan 29 Ronin Sushi CRA Grant Agreement signed.pdf 37

Community Redevelopment Agency of the City of New Smyrna Beach 210 Sams Avenue New Smyrna Beach, FL 32168 www.cityofnsb.com Page 1 of 1 November 3, 2025 Ms. Tran Nguyen, Manager Ronin Sushi Bar NSB, LLC 115 Live Oak Street New Smyrna Beach, FL 32168 Re: Large Scale Commercial Façade / Property Improvement CRA Grant Agreement Extension - 115 Live Oak Street, New Smyrna Beach to March 1, 2026 Dear Ms. Nguyen, This letter is to inform you that your request for an extension has been approved. You are granted an additional 60-day extension for a total of 240 days from the original deadline of July 1, 2025 to March 1, 2026. Please note that any additional grant extension beyond the 240 days will require approval of the Community Redevelopment Agency Board. We encourage you to keep us informed of your progress and reach out should you need any further assistance during this extension period. Best of luck to you with your project, and please reach out to us with any questions that you may have. Sincerely, Samantha Bergeron Samantha Bergeron, Director CRA/Economic Development (386) 424-2160 Email: sbergeron@cityofnsb.com 38

Community Redevelopment Agency of the City of New Smyrna Beach 210 Sams Avenue New Smyrna Beach, FL 32168 www.cityofnsb.com Page 1 of 1 May 9, 2025 Ms. Tran Nguyen, Manager Ronin Sushi Bar NSB, LLC 115 Live Oak Street New Smyrna Beach, FL 32168 Re: Large Scale Commercial Façade / Property Improvement CRA Grant Agreement Extension - 115 Live Oak Street, New Smyrna Beach Dear Ms. Nguyen, This letter is to inform you that your request for an extension has been approved. You are granted an extension of a total of 180 days from the original deadline of July 1, 2025 (extended to December 31, 2025). Please note that any additional grant extension beyond the 240 days will require approval of the Community Redevelopment Agency Board. We encourage you to keep us informed of your progress and reach out should you need any further assistance during this extension period. Best of luck to you with your project, and please reach out to us with any questions that you may have. Sincerely, Samantha Bergeron Samantha Bergeron, Director CRA/Economic Development (386) 424-2160 Email: sbergeron@cityofnsb.com 39

COMMUNITY REDEVELOPMENT AGENCY OF CITY OF NEW SMYRNA BEACH LARGE SCALE COMMERCIAL FACADE/PROPERTY IMPROVEMENT GRANT AGREEMENT This agreement is entered into this ‘19 day 0f Am“? a( ‘ 2025 by and between the Community Redevelopment Agency of City ofNew Smyrna Beach, a Section 163.357, Fla. Stat, agency (“GRANTOR”) and Tran M Nguyen. Manager, Ronin Sushi Bar NSB, LLC. (“GRANTEE”), a Florida Profit Corporation. RECITALS WHEREAS, GRANTOR has established a Large Commercial Facade/Property Improvement Grant Program to further the Community Redevelopment Area (CRA) Master Plan and encourages revitalization of commercial and industrial properties by assisting in the cost of exterior commercial facade/property improvement projects within the Community Redevelopment Area; and WHEREAS, GRANTEE is the president of a business located at 115 Live Oak Streeti New Sma Beachi and has made application for a grant under the Large Scale Commercial Facade/Property Improvement Grant Program for public utilities and infrastructure required for business, decorative exterior facade improvement, exterior front door, and parking lot improvements; and WH EREAS, GRANTOR has evaluated the application against the program criteria and finds that the proposed improvements to be made by GRANTEE satisfy the program criteria and will provide a great benefit to the CRA. NOW THEREFORE GRANTOR AND GRANTEE AGREE AS FOLLOWS: SECTION 1. IMPROVEMENTS. GRANTEE agrees to obtain professional design assistance and improve the decorative exterior facade, exterior doors/windows, parking lot improvements, exterior lighting, and fencing of the commercial property located at 1 15 Live Oak Street, New Smvrna Beach, as more particularly described in Exhibit A, attached hereto and incorporated herein, and in accordance with the following conditions: RONIN SUSHI BAR NSB LLC - Large Scale Commercial Facade/Property Improvement Grant Agreement January 14, 2025 Page 1 of6 40