FINANCIAL_SERVICESRECOMMENDED

Developer seeks 2-year $7M grant for The Pierce

BB QOZ, LLC has requested that the CRA revise the previously approved three-year grant payment schedule for The Pierce into a two-year, $7 million structure tied to construction completion and occupancy milestones. The CRA Executive Director recommends Board approval of the Grant Funding Incentive Agreement with payments of $4 million in Year 1 and $3 million in Year 2.

Document date · July 14, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Year 1: $4,000,000; Year 2: $3,000,000 (total $7,000,000)
Contract type
FINANCIAL_SERVICES
Contract term
Proposed two-year grant payment schedule to replace prior three-year schedule
Renewal
This proposed restated agreement would amend the June 9, 2026 grant funding terms by compressing payments into two years; further changes would require additional Board amendments.
Document type
StaffReport
Source document
Boynton Beach Community Redevelopment Agency Staff Report Consideration of Funding Request for BB QOZ, LLC for The Pierce 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Boynton Beach Community Redevelopment Agency?

Bb Qoz Llc was awarded this financial services contract by Boynton Beach Community Redevelopment Agency, as recorded on July 14, 2026. The contract value is Year 1: $4,000,000; Year 2: $3,000,000 (total $7,000,000).

How much is the Bb Qoz Llc contract with Boynton Beach Community Redevelopment Agency worth?

The Bb Qoz Llc contract with Boynton Beach Community Redevelopment Agency is valued at Year 1: $4,000,000; Year 2: $3,000,000 (total $7,000,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Boynton Beach Community Redevelopment Agency Staff Report Consideration of Funding Request for BB QOZ, LLC for The Pierce 2026-07-14 (StaffReport), dated July 14, 2026 from Boynton Beach Community Redevelopment Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bb Qoz Llc hold?

Bb Qoz Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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