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HomeMy WebLinkAboutOMNI CRA 2021-10-22 Agenda PacketCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com C R A Meeting Agenda Friday, October 22, 2021 10:00 AM (OR THEREAFTER) Miami Entertainment Complex 50 NW 14th Street Miami, FL 33136 OMNI Community Redevelopment Agency Ken Russell, Chair, District Two Joe Carollo, Vice Chair, District Three Alex Diaz de la Portilla, Board Member, District, One Manolo Reyes, Board Member, District Four Jeffrey Watson, Board Member, District Five OMNI CRA OFFICE ADDRESS: 1401 N. Miami Avenue, 2"d Floor, Miami 33136 Phone: (305) 679-6868 www.miamicra.com OMNI Community Redevelopment Agency Meeting Agenda October 22, 2021 CALL TO ORDER OMNI CRA DISCUSSION ITEM(S) 1. OMNI CRA DISCUSSION 8896 DISCUSSION REGARDING A REQUEST FOR PROPOSAL (RFP) FOR COMMUNITY REDEVELOPMENT AGENCY (CRA) PROPERTY LOCATED AT 1428 NW 1ST COURT MIAMI, FLORIDA. 2. OMNI CRA DISCUSSION 8895 DISCUSSION REGARDING REQUEST FOR PROPOSAL (RFP) FOR THE CITIZENS BANK BUILDING. 3. OMNI CRA DISCUSSION 10935 DISCUSSION REGARDING RENT ABATEMENT FOR FLORIDA FILM AND TELEVISION AT THE MIAMI ENTERTAINMENT COMPLEX (MEC). OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 8982 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND AUTHORIZING THE RATIFICATION OF THE SECOND AMENDMENT TO THE 1996 INTERLOCAL AGREEMENT, IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A", BETWEEN THE CITY OF MIAMI, MIAMI-DADE COUNTY, AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY IN ORDER TO IMPLEMENT AND FUND CERTAIN PROJECTS, AND EXTEND THE LIFE OF THE OMNI CRA TO 2047; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE SECOND AMENDMENT AND TO TAKE ALL ACTION CONSISTENT WITH THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. 2. OMNI CRA RESOLUTION 9126 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION OF GRANT FUNDS FROM OMNI CRA TIF REVENUE 2021-2022 BUDGET LINE ITEM 15 IN AN AMOUNT NOT TO EXCEED $175,000.00 TO CAMILLUS HOUSE, INC., A FLORIDA NOT FOR PROFIT CORPORATION, TO UNDERWRITE A PORTION OF COSTS ASSOCIATED WITH THE "MIAMI SHELTER OMNI Community Redevelopment Agency Page 2 Printed on 1011912021 OMNI Community Redevelopment Agency Meeting Agenda October 22, 2021 PROGRAM" ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. 3. OMNI CRA RESOLUTION 10940 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION OF GRANT FUNDS FROM OMNI CRA TIF REVENUE 2021-2022 BUDGET LINE ITEM 28 IN AN AMOUNT NOT TO EXCEED $175,000.00 TO CAMILLUS HOUSE, INC., A FLORIDA NOT FOR PROFIT CORPORATION, TO UNDERWRITE A PORTION OF COSTS ASSOCIATED WITH THE "MIAMI SHELTER PROGRAM" ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. 4. OMNI CRA RESOLUTION 8990 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, TO ALLOCATE GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $564,000.00 FOR REHABILITATION OF THE PROPERTY LOCATED AT 1445 NW 1ST PLACE, MIAMI, FLORIDA LOCATED WITHIN THE CRA'S REDEVELOPMENT AREA; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET. 5. OMNI CRA RESOLUTION 10941 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND OMNI Community Redevelopment Agency Page 3 Printed on 10/1912021 OMNI Community Redevelopment Agency Meeting Agenda October 22, 2021 PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS OF $1,300,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT OF THE PROPERTY LOCATED 123 NORTHWEST 14 STREET, MIAMI, FLORIDA WITHIN THE CRA'S REDEVELOPMENT AREA TO CAPROCK 123, LLC, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL AND SUBJECT TO THE AVAILABILITY OF FUNDS. 6. OMNI CRA RESOLUTION 8992 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT TO ALLOCATE GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $150,000.00 TO MIAMI HOMES FOR ALL, INC. TO PROVIDE HOUSING INCENTIVES AND ASSISTANCE TO PUBLIC SCHOOL EMPLOYEES RESIDING IN THE REDEVELOPMENT AREA, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2021-2022 BUDGET LINE ITEM 9; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN. 7. OMNI CRA RESOLUTION 8989 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND DAMODAR S. AIRAN, FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1520 NW 1ST COURT, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 8,800 SQUARE FEET ("PROPERTY"), AS LEGALLY DESCRIBED IN THE AGREEMENT, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00), CONTINGENT UPON THE CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE SAID OMNI Community Redevelopment Agency Page 4 Printed on 1011912021 OMNI Community Redevelopment Agency Meeting Agenda October 22, 2021 ACQUISITION; ALLOCATING FUNDS FROM THE 2021-2022 OMNI TAX INCREMENT BUDGET IN A TOTAL AMOUNT SUBJECT TO THE NOT TO EXCEED FOUR HUNDRED THOUSAND DOLLARS ($400,000.00) TO PROVIDE FOR THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. 8. OMNI CRA RESOLUTION 10942 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ISSUING A GRANT FROM 2021-2022 OMNI TAX INCREMENT BUDGET LINE ITEM 16 IN AN AMOUNT NOT TO EXCEED $300,000.00 TO THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA TO EXPAND THE DOWNTOWN ENHANCEMENT TEAM INTO THE CRA'S REDEVELOPMENT AREA FOR AN ADDITIONAL PERIOD OF ONE (1) YEAR ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. 9. OMNI CRA RESOLUTION 10943 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING AN OPEN SPACE IMPROVEMENT PROGRAM FOR THE PURPOSES OF ELIMINATING SLUM AND BLIGHT IN THE CRA'S REDEVELOPMENT AREA ("PROGRAM"); ALLOCATING ONE MILLION DOLLARS ($1,000,000.00) FOR THE PROGRAM; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, AS A GRANT TO BUSINESS ENTITIES OR AS A REIMBURSEMENT LOAN TO BUSINESS ENTITIES OR DIRECTLY TO VENDORS UPON PRESENTATION OF INVOICES AND/ OR SATISFACTORY DOCUMENTATION TO QUALIFYING BUSINESSES, SUBJECT TO THE AVAILABILITY OF FUNDS. 10. OMNI CRA RESOLUTION 10944 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING A 40-YEAR ASSESSMENT AND REHAB GRANT PROGRAM FOR THE PURPOSES OF PROPERTY IMPROVEMENT AND THE ELIMINATION OF SLUM AND BLIGHT WITHIN THE CRA'S REDEVELOPMENT AREA ("PROGRAM"); ALLOCATING FUNDING IN THE AMOUNT OF EIGHT HUNDRED THOUSAND DOLLARS ($800,000.00) FOR THE PROGRAM; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, AS A GRANT TO PROPERTY OWNERS OR AS A REIMBURSEMENT LOAN TO PROPERTY OWNERS OR DIRECTLY TO VENDORS UPON PRESENTATION OF INVOICES AND/ OR SATISFACTORY DOCUMENTATION TO QUALIFYING BUSINESSES, SUBJECT TO THE AVAILABILITY OF FUNDS. OMNI Community Redevelopment Agency Page 5 Printed on 10/1912021 OMNI Community Redevelopment Agency Meeting Agenda October 22, 2021 11. OMNI CRA RESOLUTION 10631 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, ALLOCATING GRANT FUNDS OF $15,000,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT OF PROPERTIES LOCATED AT 1441, 1445, AND 1455 NORTH MIAMI AVENUE, 25 AND 31 NORTHEAST 14TH STREET, AND 1412, 1418, 1428, AND 1432 NORTHEAST MIAMI COURT, MIAMI, FLORIDA WITHIN THE CRA'S REDEVELOPMENT AREA TO 14TH STREET DEVELOPMENT LLC, SUBJECT TO THE CRA BEING ABLE TO SUCCESSFULLY SECURE FINANCING AND SUBJECT TO THE AVAILABILITY OF FUNDS. 12. OMNI CRA RESOLUTION 10633 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE CRA TO REBATE TO 14TH STREET DEVELOPMENT LLC ("GRANTEE") THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED ONLY FROM THE DEVELOPMENT BY THE GRANTEE OF THE 14TH STREET APARTMENT PROJECT ("PROJECT") IN AN AMOUNT NOT TO EXCEED 95% OF THE AVAILABLE DEVELOPMENT TIF COLLECTED FROM THE PROJECT ANNUALLY OR $816,731.00 ANNUALLY, WHICHEVER IS LESS, PER YEAR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED $13,600,000.00, WITH PAYMENTS TO BEGIN UPON SUBSTANTIAL COMPLETION AND THE PROJECT RECEIVING A CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN FORMS ACCEPTABLE TO GENERAL COUNSEL. ADJOURNMENT OMNI Community Redevelopment Agency Page 6 Printed on 1011912021 1.1 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 File: 8896 Subject: Request for Proposal (RFP) for CRA property located at 1428 NW 1st Court Miami, FL Enclosures: 8896 1428 NW 1 st Ave —Parcel Location 8896 1428 NW 1 st Ave —Property Search Application 8896 1428 NW 1 st Ave —Street View Photo Discussion Regarding Request for Proposal (RFP) for Community Redevelopment Agency (CRA) property located at 1428 NW 1" Court Miami, Florida. Packet Pg. 7 �. City of Miami Omni Legislation C R A OMNI CRA Discussion File Number: 8896 1.1 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com Final Action Date: DISCUSSION REGARDING A REQUEST FOR PROPOSAL (RFP) FOR COMMUNITY REDEVELOPMENT AGENCY (CRA) PROPERTY LOCATED AT 1428 NW 1 ST COURT MIAMI, FLORIDA. City of Miami Page 2 of 2 File ID: 8896 (Revision: A) Printed On: 1011912021 Packet Pg. 8 q 1 �'ta, Omn If ��► C R A S a. U- P: 1428 NW. 1 st Ave. N a November 2018 Housing RFP a a Project Location w .,..� m U O — i iLI N Z CO V ro _ t U f0 Q Packet Pg.9 ;� OFFICE OF THE PROPERTY APPRAISER Detailed Report Property Information Folio: 01-3125-048-1720 Property Address: Owner 1428 NW 1 AVE Miami, FL 33136-2004 OMNI REDEVELOPMENT DISTRICT REDEVELOPMENT AGENCY 1401 N MIAMI AVE MIAMI, FL 33136 USA Mailing Address PA Primary Zone 3900 MULTI -FAMILY - 38-62 U/A Primary Land Use 8080 VACANT GOVERNMENTAL: VACANT LAND - GOVERNMENTAL Beds / Baths / Half 0/0/0 Floors 0 Living Units 0 Actual Area 0 Sq.Ft Living Area 0 Sq.Ft Adjusted Area 0 Sq.Ft Lot Size 7,860 Sq.Ft Year Built 0 Assessment Information Year 2020 2019 2018 Land Value $117,900 $94,320 $94,320 Building Value $0 $0 $0 XF Value 1 $0 $0 $0 Market Value 1 $117,900 $94,320 $94,320 Assessed Value 1 $117,900 $94,320 $94,320 Benefits Information Benefit j Type 2020 2019 2018 Municipal Exemption 1 $117,900 $50,131 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). Generated On : 4/28/2C Taxable Value Information 2020 2019 20 County Exemption Value 1 $117,900 $50,131 Taxable Value $0 $44,189 $94,3: School Board Exemption Value 1 $117,900 $50,131 ; Taxable Value $0 $44,189 $94,1 City Exemption Value 1 $117,900 $50,131 Taxable Value $0 $44,189 $94,3: Regional Exemption Value $117,900 $50,131 Taxable Value $0 $44,189 $94,1 The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Apprais( and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version Packet Pg. 10 ;� OFFICE OF THE PROPERTY APPRAISER Generated On : 4/28/2C Property Information Folio: 01-3125-048-1720 Property Address: 1428 NW 1 AVE Roll Year 2020 Land, Building and Extra -Feature Details Land Information Land Use Muni Zone PA Zone Unit Type Units Calc Val GENERAL T4-R 3900 Square Ft. 7,500.00 $112,5 GENERAL T4-R 3900 Square Ft. 360.00 $5,4 Building Information Building Number I Sub Area I Year Built I Actual Sq. Ft. I Living Sq.Ft. I Adj Sq. Ft. I Calc Val, Extra Features Description I Year Built I Unitsi Calc Val, The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Apprais( and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version Packet Pg. 1'I ;� OFFICE OF THE PROPERTY APPRAISER Generated On : 4/28/2C Property Information Folio: 01-3125-048-1720 Property Address: 1428 NW 1 AVE Roll Year 2019 Land, Building and Extra -Feature Details Land Information Land Use Muni Zone PA Zone Unit Type Units Calc Val GENERAL T4-R 3900 Square Ft. 7,500.00 $90,0 GENERAL T4-R 3900 Square Ft. 360.00 $4,3: Building Information Building Number I Sub Area I Year Built I Actual Sq. Ft. I Living Sq.Ft. I Adj Sq. Ft. I Calc Val, Extra Features Description I Year Built I Unitsi Calc Val, The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Apprais( and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version Packet Pg. 12 ;� OFFICE OF THE PROPERTY APPRAISER Generated On : 4/28/2C Property Information Folio: 01-3125-048-1720 Property Address: 1428 NW 1 AVE Miami, FL 33136-2004 Roll Year 2018 Land, Building and Extra -Feature Details Land Information Land Use Muni Zone PA Zone Unit Type Units Calc Val GENERAL T4 R 3900 Square Ft. 7,500.00 $90,0 GENERAL T4 R 3900 Square Ft. 360.00 $4,3: Building Information Building Number I Sub Area I Year Built I Actual Sq. Ft. I Living Sq.Ft. I Adj Sq. Ft. I Calc Val, Extra Features Description I Year Built I Unitsi Calc Val, The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Apprais( and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version Packet Pg. 13 ;� OFFICE OF THE PROPERTY APPRAISER Generated On : 4/28/2C Property Information Folio: 01-3125-048-1720 Property Address: 1428 NW 1 AVE Full Legal Description WADDELLS ADDN PB B-53 LOT 5 BLK 43 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 LOT SIZE 7860 SO FT M/L 74R148500 Sales Information Previous Sale Price OR Book -Page Qualification Description 06/21/2019 $393,000 31496-2566 Federal, state or local government agency 05/07/2013 $35,000 28623-3481 Trustees in bankruptcy, executors or guardians 10/22/1973 $8,500 8716-1352 Sales which are qualified The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Apprais< and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version Packet Pg. 14 iu),� 1 124 1.2 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board /7�___ From: Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 File: 8895 Subject: Request for Proposal (RFP) for the Citizens Bank Building Enclosures: Discussion regarding Request for Proposal (RFP) for the Citizens Bank Building. Packet Pg. 16 F City of Miami Omni Legislation C R A OMNI CRA Discussion File Number: 8895 1.2 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com Final Action Date: DISCUSSION REGARDING REQUEST FOR PROPOSAL (RFP) FOR THE CITIZENS BANK BUILDING. City of Miami Page 2 of 2 File ID: 8895 (Revision:) Printed On: 1011912021 Packet Pg. 17 1.3 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 File: 10935 Subject: Rent Abatement for Florida Film and Television at the Miami Entertainment Complex (MEC) Enclosures: 10935 Rent Abatement Letter Discussion regarding rent abatement for Florida Film and Television at the Miami Entertainment Complex (MEC). Packet Pg. 18 �. City of Miami Omni Legislation C R A OMNI CRA Discussion File Number: 10935 1.3 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com Final Action Date: DISCUSSION REGARDING RENT ABATEMENT FOR FLORIDA FILM AND TELEVISION AT THE MIAMI ENTERTAINMENT COMPLEX (MEC). City of Miami Page 2 of 2 File ID: 10935 (Revision:) Printed On: 1011912021 Packet Pg. 19 1.3.a LAW OFFICES OF AARON RESNICK, P.A. ATTORNEY AND COUNSELOR Telephone: 305.672.7495 100 Biscayne Boulevard Facsimile: 305.672.7496 Suite 1607 E-Facsimile: 866.606.6343 Miami, Florida 33132 Email: info@thefirmmiami.com Friday, April 26, 2019 VIA ELECTRONIC MAIL [JWalker@miamigov. com] AND HAND DELIVERY Jason Walker Executive Director Community Redevelopment Agency of the City of Miami 1401 N. Miami Ave, 2nd Floor Miami, FL 33136 RE: Notice Pursuant to March 10, 2015 Addendum to Lease Agreement of Impact of the Bridge Project and of Rent Abatement Dear Mr. Walkers, The undersigned law firm represents the interests of Florida Film & Television, Center, LLC ("FF&T"). As you know, FF&T is a party to a lease agreement (the "Lease") with the Omni Redevelopment District Community Redevelopment Agency ("CRA") for the real property located at 50 NW 14dh Street, Miami, Florida (the "Miami Entertainment Center"). A copy of the Lease is enclosed as Exhibit "A". On March 10, 2015, FF&T and the CRA executed an Addendum to the Lease (the "Addendum") to address the Florida Department of Transportation's ("FDOT") plans to build an I-395 Signature Bridge to improve the connectivity between I-95 and PortMiami (the "Bridge Project"). The Addendum is attached hereto as Exhibit `B". The potential impact of the Bridge Project on FF&T was recognized by the CRA as the plans for the Bridge Project entailed significant work in the close proximity of the Miami Entertainment Center. See Addendum at § 2. As a result of the potential impact on FF&T, the CRA specifically agreed to abate FF&T's rent, when FF&T's business or use of the Miami Entertainment Center was impacted by the Bridge Project financially or otherwise (the "Rent Abatement"). Id. To trigger the Rent Abatement, FF&T was only required to submit written notice to the CRA that the Bridge Project would affect FF&T's business or use of the Miami Entertainment Center. Id. This correspondence is FF&T's formal notice that the Bridge Project will affect FF&T's business and use of the Miami Entertainment Center beginning June 1, 2019, and as such, all rent payments as detailed in Section 3.3 of the Lease shall be abated starting on that date and continuing while the Miami Entertainment Center and FF&T are affected by the Bridge Project.2 To be clear, FDOT provided notice to FF&T that it would begin work on the Bridge Project starting on June 1, 2019 that would impact FF&T and the Miami Entertainment Center beginning June 1, 2019. See Exhibit "D". In fact, FF&T was put on notice that it must vacate and handover Parcel 117 on June 1, 2019. As a result, FF&T's tenant, New International Mix Inc. ("Viacom"), advised FF&T that it will stop production at the Miami Entertainment Center on or shortly before June 1, 2019, and will s Pursuant to § 17.1 of the Lease, notice is to go to Pieter A. Bockweg, Executive Director of the CRA. Mr. Bockweg is no longer employed by the CRA. Mr. Walker has replaced him as Executive Director. As such, this notice is directed to Mr. Walker. 2 Exhibit "C" demonstrates how close the Bridge Project is to the Miami Entertainment Center. www.thefirnnniarni.com Miami • Boca Raton • Gainesville • Jacksonville • New York City Packet Pg. 20 1.3.a no longer pay rent. Due to work contemplated by the Bridge Project, FF&T in unable to operate its business at the Miami Entertainment Center, and will be unable to generate any income. Unless you advise us otherwise, we will assume that FF&T's rent will be abated June 1, 2019 and such rent abatement will continue until the Bridge Project no longer affects FF&T's business and/or use of the Miami Entertainment Center. Should you have any questions or wish to discuss this matter further, please do not hesitate to contact the undersigned. Regards, 5� Aaron Resnick, Esq. Enclosures cc: Isiaa Jones, Chief Legal Officer [IJones@miamigov.com] Bamaby Min, Deputy City Attorney [bmin@miamigov.com] Client Packet Pg. 21 2.1 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 File: 8982 Subject: Second Amendment to Interlocal Agreement Enclosures: 8982 Exhibit A 8982 June 16, 2020 County Resolution and Backup 8982 June 16, 2020 Supplement to County Item It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached resolution ratifying the interlocal agreement as adopted by the Miami Dade Board of County Commissioners ("County") thereby extending the life CRA to July 7, 2047. JUSTIFICATION: On June 16, 2020, the Miami -Dade County Commission adopted Resolution No. R-575- 20, which authorized the execution of the Second Amendment to the Interlocal Agreement, subject to the following additional requirements: (1) The CRA agreeing that its Board of Commissioners shall include a County Commissioner or a designee appointed by the Commissioner of District 3 in accordance with section 163.357, Florida Statutes, and the Miami -Dade County Commission Resolution Nos. R-1382-09 and R499-16; and (2) the CRA agreeing to include in all community benefit agreements with entities or contractors receiving grants of $1,000,000.00 or more a requirement that such entities or contractors shall comply with the Miami -Dade County Responsible Wage ordinance (collectively the "County Conditions"). This Resolution authorizes the ratification of the interlocal agreement as adopted by the County in 2020. This is necessary to extend the life of the Omni CRA to continue to provide all of the obiectives of the aaencv as outlined in the aooroved Redevelopment Plan for the mutual benefits of all parties. FUNDING: No fiscal Impact. Packet Pg. 22 0 2.1 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 8982 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND AUTHORIZING THE RATIFICATION OF THE SECOND AMENDMENT TO THE 1996 INTERLOCAL AGREEMENT, IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A", BETWEEN THE CITY OF MIAMI, MIAMI-DADE COUNTY, AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY IN ORDER TO IMPLEMENT AND FUND CERTAIN PROJECTS, AND EXTEND THE LIFE OF THE OMNI CRA TO 2047; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE SECOND AMENDMENT AND TO TAKE ALL ACTION CONSISTENT WITH THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, the Miami -Dade County Board of County Commissioners, by Ordinance No. 87-47, approved the creation of the CRA; and WHEREAS, on June 24, 1996, Miami -Dade County ("County"), formerly known as Metropolitan Dade County, and the City of Miami ("City") executed the Interlocal Cooperation Agreement regarding the creation of the CRA (1996 Interlocal Agreement"); and WHEREAS, in 2007, the County, the City, and the CRA entered into certain amendments to the 1996 Interlocal Agreement ("First Amendment") amending certain terms and provisions of the 1996 Interlocal Agreement; and WHEREAS, the CRA adopted Resolution No. CRA-R-19-0004 approving and adopting the Assessment of Need Report as required by County; and WHEREAS, the CRA has prepared an updated 2019 Amended Redevelopment Plan outlining projects to be completed throughout the current life and proposed extension of life of the CRA to 2047; and WHEREAS, on June 13, 2019, the CRA adopted Resolution No. CRA-R-19-0013, which authorized the execution of the Second Amendment to the Interlocal Agreement, which is attached hereto and incorporated herein as Exhibit "A," between the CRA, the City, and the County, thereby amending and replacing the 1996 Interlocal Agreement, and extending the life of the CRA to 2047; and WHEREAS, on June 16, 2020, the Miami -Dade County Commission adopted Resolution No. R-575-20, which authorized the execution of the Second Amendment to the Interlocal Agreement, subject to the following additional requirements: (1) The CRA agreeing that its Board of Commissioners shall include a County Commissioner or a designee appointed by the Commissioner of District 3 in accordance with section 163.357, Florida Statutes, and the Miami - City of Miami Page 2 of 3 File ID: 8982 (Revision:) Printed On: 1011912021 Packet Pg. 23 2.1 Dade County Commission Resolution Nos. R-1382-09 and R-499-16; and (2) the CRA agreeing to include in all community benefit agreements with entities or contractors receiving grants of $1,000,000.00 or more a requirement that such entities or contractors shall comply with the Miami -Dade County Responsible Wage ordinance (collectively the "County Conditions"). WHEREAS, in conformance with the Miami -Dade County Commission's Resolution No. R-575-20, the Board of Commissioners wishes to authorize the Executive Director to negotiate and execute the Second Amendment to the Interlocal Agreement, substantially in the form attached hereto as Exhibit 'A," with the County Conditions, and take all other actions consistent with this Resolution, including the execution of any and all other documents necessary, all in a form acceptable to the Chief Legal Officer. NOW, THEREFORE, BE IT RESOLVED, BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Executive Director is authorized to execute the ratification of the Second Amendment to the Interlocal Agreement in substantially the form attached hereto as Exhibit "A," with the additional County Conditions, between the CRA, the City, and the County to implement and fund certain projects of benefit to all parties and extend the life of the CRA. Section 3. The Executive Director is further authorized to negotiate and execute any and all other necessary documents, all in a form acceptable to the Chief Legal Officer, and consistent with the intent of this Resolution, for the purposes stated herein. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: DAVID TOLCES, OUTSIDE COUNSEL City of Miami Page 3 of 3 File ID: 8982 (Revision:) Printed On: 1011912021 Packet Pg. 24 2.1.a SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF MIAMI, MIAMI-DADE COUNTY, AND OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY THIS SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT (the "2020 Interlocal Agreement") is made and entered into this day of 92020, by and among Miami -Dade County, a political subdivision of the State of Florida (the "County"), the City of Miami, Florida, a municipal corporation of the State of Florida (the "City") and the Omni Redevelopment District Community Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.357, Florida Statutes (the "OmnCRA"). RECITALS WHEREAS, pursuant to County Resolution No. R-280-96, adopted by the Board of County Commissioners of Miami -Dade County (the "County Commission") on March 19, 1996, the County Commission approved the terms and execution of an Interlocal Agreement by and among the County, the City and the Omni CRA (the "Interlocal"), which Interlocal was dated June 24, 1996, and contained provisions for the Omni CRA to make certain payments to the County for the purpose of paying debt service on the Performing Arts Center Construction Bonds; and WHEREAS, on December 18, 2007, pursuant to County Resolution No. R-1372-07, the County, the City, the Southeast Overtown/Park West Community Redevelopment Agency, ("SEOPW CRA"), and the Omni CRA entered into that certain Interlocal Agreement, dated December 31, 2007, to provide funding for major city-wide projects for the benefit of all named parties (the "2007 Interlocal Agreement"); and WHEREAS, the Omni CRA and the City adopted Resolution No. CRA-R-19-0004 and Resolution No. R-19-0180, respectively, which approved an Assessment of Need (the "AON") report, in accordance with County Resolution Nos. R-611-15 and R-499-16, which is supported by data and analysis to substantiate the ongoing necessity for the extension of life of the Omni Redevelopment Area through the date July 7, 2047; and WHEREAS, the Omni CRA and the City adopted Resolution CRA-R-20-0003 and R-20- 0131, respectively, which approved an amendment to the Redevelopment Plan for the Omni Area (the "2020 Redevelopment Plan") and this 2020 Interlocal Agreement; and WHEREAS, the Omni CRA and the City sought the County Commission's support and approval of their request to accept the AON, extend the life of the Omni CRA through July 7, 2047, the 2020 Redevelopment Plan and the 2020 Interlocal Agreement; and WHEREAS, on , 2020, the County Commission adopted County Resolution No. R- , which accepted the AON, authorized the extension of life of the Omni CRA through July 7, 2047, and approved 2020 Redevelopment Plan and this 2020 Interlocal Agreement; and [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) 1 Packet Pg. 25 2.1.a WHEREAS, this 2020 Interlocal Agreement replaces and supersedes the 2007 Interlocal Agreement, NOW, THEREFORE, the County, the City and the Omni CRA agrees as follows: 1. Recitals. The Recitals set forth above are true and correct and adopted as part of this 2020 Interlocal Agreement. 2. Defined Terms. Defined terms utilized in this 2020 Interlocal Agreement but not defined herein shall have the meaning ascribed to said terms in the Interlocal Agreement. 3. Extension of Life of Omni CRA. The life of the Omni CRA is hereby extended through July 7, 2047. 4. Redevelopment Plan. All references in the Interlocal Agreement to the Redevelopment Plan shall be deemed references to the adopted 2020 Redevelopment Plan. 5. Streetcar Protect. The City, County, and the Omni CRA hereby mutually release each party from any obligations under the 2007 Interlocal Agreement pertaining to the Streetcar Project and any funding activities for the Streetcar Project have been stricken. 6. Priority Protects. The County, the City and the Omni CRA acknowledge and agree that, subject to compliance with all applicable laws, including Part III, Chapter 163, Florida Statutes, the projects identified in the 2020 Redevelopment Plan, other projects in the Redevelopment Area, along with the list of priority projects below shall be partially funded by the Omni CRA utilizing Tax Increment Funds ("TIF") Revenues (the "Incentive Agreement Proiects"): a. The Omni CRA shall provide funding to Miami -Dade County for the Performing Arts Center Construction Bonds Debt Service at an aggregate total amount equal to One Million Four Hundred Thirty Thousand and 00/100 Dollars ($1,430,000.00) per year through September 30, 2027 by March 31 of each year. b. The Omni CRA shall provide funding to the City of Miami for the Port Tunnel Debt Service at an amount not to exceed Four Million Two Hundred Thirty -Four Thousand and 00/100 Dollars ($4,234,000.00) per year through September 30, 2030. c. The Omni CRA shall provide funding to Miami Dade County in an amount equal to thirty five percent (35%) of the Omni CRA annual TIF Revenue, or Twenty -Five Million and 00/100 Dollars ($25,000.00.00), whichever is less, per year through September 30, 2027 by March 31 of each year. Such amount shall be calculated in accordance with Exhibit A to the First Amendment to the Interlocal Cooperation Agreement dated June 24, 1996 by and among the parties hereto. Once the funds are returned to the County pursuant to this subsection (6)c, the County's use of the funds shall not be [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) 2 Packet Pg. 26 2.1.a subject to this Agreement or any restrictions or requirements of Chapter 163, Part III, Florida Statutes. d. Commencing October 1, 2027, the Omni CRA shall provide funding to Miami -Dade County in an amount equal to thirty five percent (35%) of the Omni CRA annual TIF Revenue, or Twenty -Five Million and 00/100 Dollars ($25,000,000.00), whichever is less, per year through September 30, 2047 by March 31 of each year. Such amount shall be calculated in accordance with Exhibit A to the First Amendment to the Interlocal Cooperation Agreement dated June 24, 1996 by and among the parties hereto. Once the funds are returned to the County pursuant to this subsection (6)d, the County's use of the funds shall not be subject to this Agreement or any restrictions or requirements of Chapter 163, Part III, Florida Statutes. e. Funding to Miami -Dade County for The Beach Corridor rapid transit route of the Strategic Miami Area Rapid Transit ("SMART") Plan. The Omni CRA shall provide the County with funding in an amount not to exceed Fifty Million and 00/100 Dollars ($50,000,000.00) for capital improvements for that portion of the Beach Corridor route that falls within the boundaries of the Omni Redevelopment Area. f. Maurice Ferre Park formerly Museum Park. The Omni CRA shall provide funding to the City of Miami in a total amount of Twenty Eight Million and 00/100 Dollars ($28,000,000.00) in capital improvement costs for the Maurice Ferre Park based on a Capital Improvement Plan that is approved by the City of Miami Commission. g. Providing funds in an amount not to exceed funding of $1,000,000.00 annually for ongoing operations and maintenance to commence upon completion of the I 395 Underdeck Green Space to be constructed in conjunction with the Florida Department of Transportation I-395/SR 836/I- 95 Design -Build Project (I-395 Project) located below the I-395 viaduct, subject to the I-395 Project meeting all standards related to construction, operations, and maintenance. h. Provide funds for community benefits package and assist in the redevelopment of School Board -owned properties within the Omni CRA boundaries. i. The Omni CRA will commit to funding at least $250 Million in the development and rehabilitation of workforce- and affordable housing and mixed -income housing and homeownership projects within the Redevelopment Area throughout the life of the Omni CRA. [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) 3 Packet Pg. 27 2.1.a Land acquisition and development activities consistent with the character and scale of development identified in the Omni CRA Redevelopment Plan, as it may be amended from time to time. k. Development and growth of local, small business enterprises within the Redevelopment Area through grants or low -interest loans to, among other things, improve the physical plant of local businesses, finance the acquisition of machinery and equipment, and provide limited guarantees against losses to increase access to credit from local financial institutions. 7. Omni Redevelopment Area. The County, City and Omni CRA acknowledge and agree that the redevelopment area (the "Redevelopment Area") consists of (i) that area depicted on the map attached hereto as Exhibit "A." The County, City and Omni CRA agree to process all necessary legislation and documents to provide for the extension of life of the Omni CRA. 8. Administrative Fee. The Omni CRA shall pay the County a 1.5% Administrative Fee chargeable to Omni CRA for the life of the Omni CRA to cover County costs associated with administering the Interlocal, programs funded through the Interlocal, and related matters. 9. CRA Indebtedness. The Omni CRA, only with the approval of the County Commission and City Commission, may issue bonds and/or incur other indebtedness required to finance, as necessary and appropriate, its contribution to the Omni CRA Projects, provided however, in no event shall any bonds issued and/or indebtedness incurred mature later than July 7, 2047. Prior to the issuance of any bonds and/or indebtedness by the Omni CRA, the County shall have the right to review all related documents and agreements and shall approve such bond issuance or indebtedness, pursuant to the provisions of the Interlocal Agreement as amended by this Amendment and applicable law, including Section 163.358(3), Florida Statutes. 10. CAP ON ADMINISTRATIVE EXPENSES. The Omni CRA agrees that administrative expenses of the Omni CRA shall not exceed 20% of its overall fiscal budget. 11. Procurement Requirements. The Omni CRA confirms to the County and the City that Omni CRA has adopted procurement procedures to be utilized by the Omni CRA for procurement. 12. Community Benefits. A. The Omni CRA agrees that all agreements with entities or contractors receiving grants of $1,000,000.00 or more from the Omni CRA for new or rehabilitated commercial and residential developments entered into after the Effective Date within the Redevelopment Area shall, to the extent allowed by applicable law, include the following provisions: (i). Require hiring from the labor workforce for such project from residents of the Redevelopment Area that are unemployed or under employed, to extent feasible. [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) 2 Packet Pg. 28 2.1.a (ii). Require compliance with the wage requirements of Section 2-8.9 of the Code of Miami -Dade County, Florida (the "Code") or pay higher wages and benefits, to the extent feasible. B. The Omni CRA agrees to include in all community benefit agreements with entities or contractor receiving grants of $1,000,000.00 or more executed after the Effective Date to require such entities or contractors to comply with the following Miami -Dade County ordinances contained in the Code, as same may be amended, as if expressly applicable to such entities: (i). Small Business Enterprises (Section 2-8.1.1.1.1 of the Code) (ii). Community Business Enterprises (Section 2-10.4.01 of the Code) (iii). Community Small Business Enterprises (Section 10-33.02 of the Code) (iv). Conflict of Interest and Code of Ethics Ordinance (Section 2-11.1 of the Code) (v). Living Wage Ordinance (Section 2-8.9 of the Code) (vi). Responsible Wage Ordinance (Section 2-11.16 of the Code). 13. Miami -Dade County or Other Taxing Authority Representation. Pursuant to section 163.357(1)(d), Florida Statutes, one member of the Board or their designee may be appointed to serve on the Omni CRA's Board of Commissioners and said County Commissioner or designee shall be vested with the same rights, duties and obligations as any other Omni CRA commissioner. Said membership on the CRA's Board of Commissioners shall be considered an additional duty of office as prescribed by section 163.357(1)(d) of the Florida Statutes. Such appointment by the Board shall be immediate and will become part of the Omni CRA's board of commissioners without further action from the Omni CRA required. 14. Inspector General Review. The County shall have the right to retain, at its sole cost, the services of an independent private sector inspector general whenever the County deems it appropriate to do so, in accordance with Miami -Dade County Administrative Order No. 3-20. Upon written notice from the County, the Omni CRA shall make available to the independent private sector inspector general retained by the County all requested records and documentation for inspection and reproduction. Additionally, the Omni CRA shall submit to the County's Inspector General's review in accordance with Section 2-1076 of the Code of Miami -Dade County, Florida. The County's Inspector General shall be empowered to review past, present and proposed Omni CRA's contracts, transactions, accounts, records, agreements and programs at a minimum annually audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process, including but not limited to, project design, specifications, proposal submittals, activities of the Omni CRA and its officers, agents and employees, lobbyists, staff and elected officials to ensure compliance with contract specifications and to detect any fraud and/or corruption. 15. Recovery of Grant Funds. The Omni CRA shall include in all contracts and grant agreements executed from and after the Effective Date a "claw back" provision that will require the Omni CRA to "claw back" or rescind and recover funding from any entity or contractor to which it provides funding which does not substantially comply with the provisions of its agreement with Omni CRA by demanding repayment of such funds, in writing, including recovery of [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) 5 Packet Pg. 29 2.1.a penalties or liquidated damages, to the extent allowed by law, as well as attorney's fees and interest, and pursuing collection or legal action, to the fullest extent allowable by law, if feasible. 16. Safeguards for Resident Displacement. In the event the Omni CRA funds a redevelopment project authorized by the 2020 Redevelopment Plan that may displace persons (including individuals, families, business concerns, nonprofit organizations and others) located in the Redevelopment Area, the Omni CRA shall prepare plans for and assist in the relocation of such persons, including making any relocation payments under the Act and applicable laws and regulations. Further, the Omni CRA shall make or provide for at least a "one -for -one" replacement of each affordable housing unit demolished pursuant to a redevelopment project to ensure that such demolished unit is replaced by a new comparable, affordable housing unit, provided, however, this requirement shall not apply to substandard affordable housing that has been declared unsafe by a governmental entity and subsequently demolished. The Omni CRA shall ensure that individuals and families who are displaced from affordable housing units have a right of first refusal to return to comparably priced affordable housing units located within the Redevelopment Area. 17. Affordable and Mixed Income. The County acknowledge and agrees that the Omni CRA 2020 Redevelopment Plan includes a housing component that serves an income mix of extremely low, very low, low, moderate, and workforce housing up to 140 percent (140%) of the Area Median Income (AMI), as defined by the U.S. Department of Housing and Urban Development and the County acknowledges that the 2020 Redevelopment Plan gives priority to rehabilitation, conservation or redevelopment of housing for extremely low, very low, low or moderate income persons. 18. Annual Budget. The Omni CRA agrees to include in its annual fiscal budget a description of expenditures made by the Omni CRA for affordable housing projects during the previous fiscal year and a statement of anticipated expenditures for affordable housing project in upcoming fiscal years, if applicable. 19. Ethics Training. The Omni CRA agrees that all members of the Board of Commissioners of the Omni CRA, staff of the Omni CRA, members of advisor boards of the Omni CRA and staff such advisor boards shall be required to complete a minimum of four (4) hours of ethics training to be conducted by the Miami -Dade County Commission on Ethics and Public Trust in accordance with County Resolution No. R-499-16 and section 163.367, Florida Statutes. 20. Conflicts. In the event of any conflicts between the Interlocal Agreement, and the terms of this Amendment, this Amendment shall control. 21. Ratification. Except as modified by this Amendment, the Interlocal Agreement is ratified and reaffirmed. 22. Effective Date. The effective date of this Amendment shall be the date this Amendment is last executed by the County, the City and the Omni CRA (the "Effective Date") 23. Time of the Essence. Time is of the essence in the performance of this Amendment. [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) R Packet Pg. 30 2.1.a 24. Third -Party Beneficiaries. There are no third -party beneficiaries to this Amendment. The parties expressly acknowledge that that it is not their intent to create or confer any obligations on or upon any third -party by this Amendment. None of the parties intend to directly or indirectly benefit a third person by this Amendment, and no third party shall be entitled to assert a claim against any of the parties based upon this Amendment. Nothing herein shall be construed by any agency or political subdivision of the State of Florida to confer upon any third party or parties the right to sue on any matter arising out of this 2020 Interlocal Agreement. 25. Severability. If one or more provisions of this Amendment shall be held contrary to any provision of law or be held invalid, then such provision or provisions shall be null and void and shall be separate from, and have no effect on, the remaining provisions which shall continue to be legal and valid. 26. Counterparts. This Amendment may be signed in counterparts. "Signatures Appear Below IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names by their duly authorized officers and their seals to be affixed hereto, and all as of the day and year first above written. City of Miami, a municipal corporation of the State of Florida an Arthur Noriega, City Manager ATTEST: 0 Todd B. Hannon, City Clerk Omni Community Redevelopment Agency, a public body corporate and politic [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) Miami -Dade County, a political subdivision of the State of Florida Carlos A. Gimenez, Mayor HARVEY RUVIN, Clerk 0 Deputy Clerk 7 Packet Pg. 31 2.1.a By: APPROVED AS TO FORM AND LEGAL Jason Walker, Executive Director SUFFICIENCY FOR MIAMI-DADE COUNTY; ATTEST: By: By: Todd B. Hannon, Clerk of the Board Terrence A. Smith Assistant County Attorney Date: [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) Packet Pg. 32 2.1a [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) APPROVED AS TO FORM AND CORRECTNESS FOR CITY OF MIAMI: t Victoria Mendez, City Attorney Date: APPROVED AS TO FORM AND CORRECTNESS FOR OMNI CRA: D Date: David N. Tolces, Omni CRA Special Counsel E Packet Pg. 33 2.1.a Exhibit "A" 2010 Omni Redevelopment Area Legal Description THE STUDY AREA IS PHYSICALLY DEFINED AS BEGINNING AT THE EASTERN SHORELINE AND NORTH SIDE OF NE 20TH STREET; THEN SOUTH ALONG THE EASTERN SHORELINE TO THE NORTHSIDE OF MACARTHUR CAUSEWAY RIGHT-OF- WAY; THEN EAST ALONG THE NORTHSIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY TO THE EASTERN SHORELINE OF WATSON ISLAND; THEN SOUTH ALONG THE EASTERN SHORELINE OF WATSON ISLAND TO THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY; THEN WEST ALONG THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORELINE TO 20 FEET SOUTH OF THE FEC SLIP; THEN WEST ALONG THE 20 FEET SOUTH OF THE FEC SLIP TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE SOUTHERN EDGE OF THE I-395 ROW; THEN FOLLOWING THE SOUTHERN EDGE OF THE I-395 ROW TO THE WEST SIDE OF NW 1 ST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW I ST PLACE TO THE SOUTH SIDE OF NW 14TH STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 14TH STREET TO THE WEST SIDE OF NW 1ST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW 1ST PLACE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22m STREET TO THE EAST SIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE SOUTH [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) In 10 Packet Pg. 34 2.1.a SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE WEST SIDE OF NW 5TH AVENUE; THEN NORTH ON THE WEST SIDE OF NW 5TH AVENUE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE WEST SIDE OF NW 6TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 6TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EAST ALONG THE NORTH SIDE OF NW 23RD STREET TO THE WEST SIDE OF NW 5TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 5TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EAST ALONG THE NORTH SIDE OF NW 23RD STREET TO THE EAST SIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE NORTH SIDE OF NW 22ND STREET; THEN EAST ALONG THE NORTH SIDE OF NW 22ND STREET TO THE EAST SIDE OF NORTH MIAMI AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NORTH MIAMI AVENUE TO THE NORTH SIDE OF NE 20TH STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20TH STREET TO THE FEC ROW; THEN SOUTH ALONG THE FEC ROW TO THE NORTH SIDE OF NE 20TH STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20TH STREET TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE NORTH SIDE OF NE 20THTERRACE; THEN EAST ALONG THE NORTH SIDE OF NE 20TuTERRACE TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORE LINE TO THE NORTH SIDE OF NE 20TH STREET. [00310478.13416-0000000)(Draft Interlocal- Provisions to be negotiated and Finalized) II Packet Pg. 35 OFFICIAL FILE COPY CLERK OF THE BOARD OF COL'NTY COIbLMISSIO`dERS 1diA-D�1DE COUSTY, FLORIDA 2.1.b MEMORANDUM TO: Honorable Chairwoman Audrey M. Edmonson and Members, Board of County Commissioners FROM: Abigail Price -Williams County Attorney Resolution No. R-575-20 Amended Agenda Item No. 5(H) DATE: June 16, 2020 SUBJECT: Resolution approving, after a public hearing, an amendment to the Omni Redevelopment District Community Redevelopment Plan in accordance with section 163.3( Florida Statutes; accepting assessment of need study; approving the extension of the life of the Omni Community Redevelopment Agency and th Omni Redevelopment District Community Redevelopment Agency and the Omni Community Redevelopment ar until July 7, 2047; and approvi of and authorizing the County Mayor to execute the Second Amendment to the Interlocal Cooperation Agreement by an( among Miami -Dade County, tl City of Miami and the Omni Redevelopment District Community Redevelopment Agency, subject to certain conditions, and to exercise all provisions contained therein n( reserved by the Board The accompanying resolution was prepared and placed on the agenda at the request of Prime Sponsor Chairwoman Audrey M. Edmonson and Co -Sponsor Senator Javier D. Souto. Abigail Price-Willia County Attorney APW/cp Packet Pg. 36 2.1.b MEMORANDUM (Revised) TO: Honorable Chairwoman Audrey M. Edmonson fland Members, Board of County Commissioners Ye -*is Attorney Please note any items checked. DATE: June 16, 2020 Amended SUBJECT: Agenda Item No. 5(H) "3-Day Rule" for committees applicable if raised 6 weeps required between First reading and public hearing 4 weeks notification to municipal officials required prior to public hearing Decreases revenues or increases expenditures without balancing budget Budget required Statement of fiscal impact required Statement of social equity required Ordinance creating a new board requires detailed County Mayor's report for public hearing No committee review Applicable legislation requires more than a majority vote (i.e., 2f3's present , 213 membership , 315,s , unanimous , CDMP 7 vote requirement per 2-116,1(3)(h) or (4)(c) , CDMP 213 vote requirement per 2-116.1(3)(h) or (4)(c) , or CDMP 9 vote requirement per 2-116.1(4)(c)(2) ___) to approve Current information regarding funding source, index code and available balance, and available capacity (if debt is contemplated) required 2 Packet Pg. 37 Amended 2.1.b Approved Maw Veto Override R-575-20 RESOLUTION NO. Agenda Item No. 5(H) 6-16-20 RESOLUTION APPROVING, AFTER A PUBLIC HEARING, AN AMENDMENT TO THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT PLAN IN ACCORDANCE WITH SECTION 163.361, FLORIDA STATUTES; ACCEPTING ASSESSMENT OF NEED STUDY; APPROVING THE EXTENSION OF THE LIFE OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AND THE OMNI COMMUNITY REDEVELOPMENT AREA UNTIL JULY 7, 2047; AND APPROVING OF AND AUTHORIZING THE COUNTY MAYOR OR THE COUNTY MAYOR'S DESIGNEE TO EXECUTE THE SECOND AMENDMENT TO THE 1NTERLOCAL COOPERATION AGREEMENT BY AND AMONG MIAMI-DADE COUNTY, THE CITY OF MIAMI AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, SUBJECT TO CERTAIN CONDITIONS, AND TO EXERCISE ALL PROVISIONS CONTAINED THEREIN NOT RESERVED BY THE BOARD WHEREAS, the Florida Legislature enacted the Community Redevelopment Act 1969, which is presently codified in the Florida Statutes as part III of Chapter 163, sections 163.330 through 163.450 (the "Act"); and WHEREAS, on July 7, 1987, this Board adopted Resolution No. R-825-87, which approved a finding of necessity study, established the need for a community redevelopment agency known as the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"), established the boundaries of the Omni CRA Redevelopment Area ("Area"), and declared such area to be slum or blighted; and 3 Packet Pg. 38 2.fi.b Amended Agenda Item No. 5(H) Page No. 2 WHEREAS, on July 7, 1987, this Board also enacted Ordinance No. 87-47, which approved the Omni CRA Redevelopment Plan (the "Plan") and created a funding mechanism for implementing the activities set forth in the Plan (the "Trust Fund"); and WHEREAS, Miami -Dade County (the "County"), the City of Miami (the "City") and the Omni CRA entered into an Interlocal Cooperation Agreement ("Interlocal"), dated June 24, 1996, which was subsequently amended by that certain First Amendment to the Interlocal, dated December 31, 2007; and WHEREAS, pursuant to the Interlocal the County, as a home rule county, delegated certain of its powers to the City and the Omni CRA; and WHEREAS, on December 31, 2007, the County, the City, the Southeast Overtown Park West Community Redevelopment Agency ("SEOPW CRA"), and the Omni CRA entered into another Interlocal Agreement by and among the City, the County, the SEOPW CRA, and the Omni CRA to provide funding for major projects for the benefit of all parties; and WHEREAS, on January 21, 2010, this Board adopted Resolution No. R-07-10, which approved an amendment to the Plan for the Area and extended the Omni CRA's life until March 31, 2030; and WHEREAS, the Omni CRA and the wish to extend the life of the Omni CRA and the Area until July 7, 2047, which would give the Omni CRA 15 additional years to complete its redevelopment activities to address the pervasive slum and blight conditions plaguing the Area as well as to create much needed affordable housing as required by the Act and the Plan; and 4 Packet Pg. 39 Amended Agenda Item No. 5(H) Page No. 3 WHEREAS, in furtherance of seeking this extension, the Omni CRA is required to prepare an Assessment of Need Study ("Study") in accordance with this Board's Resolution Nos. R-611- 15 and R-499-16, before this Board will consider extending the life of the Omni CRA and amending the Plan and the Interlocal to accomplish same; and WHEREAS, on February 19, 2019, the Board of Commissioners of the Omni CRA ("CRA Board") adopted Resolution No. CRA-R-19-0004, which is attached hereto as Attachment "A" and incorporated herein by reference; and WHEREAS, Resolution No. CRA-R-19-0004 approved the Study, which is attached hereto as Attachment "B" and incorporated herein by reference, to, in part, substantiate the need for an extension of the life of the Omni CRA and the Area until July 7, 2047; and WHEREAS, on May 9, 2019, the City of Miami Board of Commissioners ("City Commission") adopted Resolution No. 19-0180, which is attached hereto as Attachment "C" and incorporated herein by reference, approving the Study; and WHEREAS, on June 13, 2019, the CRA Board adopted Resolution No. CRA-R-19-0012, which is attached hereto as Attachment "D" and incorporated herein by reference, approving an amendment to the Plan, which was prepared by PMG Associates, Inc.; and WHEREAS, the proposed amendment to the Plan included an expansion of the Omni CRA boundaries to include the West Grove area; and WHEREAS, on June 13, 2019, the CRA Board also adopted Resolution No. CRA-R- 19- 00 13, which is attached hereto as Attachment "E" and incorporated herein by reference, approving the execution of the second amendment to the Interlocal; and 5 Packet Pg. 40 2.1.b Amended Agenda Item No. 5(H) Page No. 4 WHEREAS, on June 13, 2019, the City Commission adopted Resolution No. R-19-0237, which is attached hereto as Attachment ' F" and incorporated herein by reference, approving the amendment to the Plan and the submission by the Omni CRA of same to the County for this Board's approval; and WHEREAS, on June 13, 2019, the City Commission adopted Resolution No. R-19-0238, which is attached hereto as Attachment "G" and incorporated herein by reference, approving the Second Amendment, authorizing the City Manager to execute same, and authorizing the Omni CRA to transmit the Second Amendment to the County for approval by this Board; and WHEREAS, on April, 9, 2020, the CRA Board adopted Resolution No. CRA-R-20-0003, which is attached hereto as Attachment "H" and incorporated herein by reference, directing the City Manager to cease all negotiations with the County and the City regarding the expansion of the Area to include the West Grove area, and further directing the City Manager to remove all references to the West Grove area expansion from the proposed amendment to the Plan and the second amendment to the Interlocal; and WHEREAS, on April, 23, 2020, the City Commission adopted Resolution No. R-20-0131, which is attached hereto as Attachment "I" and incorporated herein by reference, also approving the removal of the West Grove area from the Plan, and directing the City Manager to forward a copy of any and all required documents to this Board for its approval; and WHEREAS, the proposed amendment to the Plan ("Amended Plan") and the second amendment to the Interlocal ("Second Amendment") of which the Omni CRA and the City seek approval from this Board are attached hereto as Attachments "J" and "K", respectively, and are incorporated herein by reference; and 6 Packet Pg. 41 Amended Agenda Item No. 5(H) Page No. 5 WHEREAS, the Second Amendment proposes to (i) fund the Performing Arts Center Construction Bonds Debt Service, (ii) fund the Port Tunnel Debt Service, (iii) provide funding to the County to fund museums and cultural attractions within the Area, (iv) provide funding to the County for the Beach Corridor rapid transit route of the Strategic Miami Area Rapid Transit Plan, (v) provide funding to the City for Maurice Ferre Park, (vi) provide funding for the Underdeck Green Space, (vii) provide community benefits packages and assist in the redevelopment of Miami -Dade School Board properties within the Area, and (viii) providing loans and grants to small businesses within the Area; and WHEREAS, the Second Amendment further requires that (i) the Omni CRA shall provide a refund to the County of 35 percent of the Omni CRA's revenue through the life of the Omni CRA and the Area (ii) the Omni CRA shall pay the County one and a half percent administrative fees for the life of the Omni CRA and the Area to cover the County's costs associated with administering the Interlocal, programs funded through the Interlocal, and related matters; and (iii) the County shall approve all debt issuance; and WHEREAS, this Board finds that it is the best interest of the County and its residents to approve the Amended Plan, approve an extension of the life of the Omni CRA and the Area until July 7, 2047, and authorize the execution of the Second Amendment, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that: Section 1. The foregoing recitations are incorporated in the body of this resolution by reference. Packet Pg. 42 2.1.b Amended Agenda Item No. 5(H) Page No. 6 Section 2. This Board accepts the Assessment of Need study, attached hereto as Attachment "B" and incorporated herein by reference. Section 3. In accordance with section 163.361, Florida Statutes, this Board approves, after a public hearing, the Amendment to the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") and the Omni Redevelopment District Community Redevelopment Area Community Redevelopment Plan, in substantially the form attached hereto as Attachment "J" attached hereto and incorporated herein by reference, subject to the conditions set forth in section 4 of this resolution. This Board further approves the extension of the life of the Omni CRA and the Omni CRA Redevelopment Area until July 7, 2047. Section 4. This Board approves the terms of and authorizes the County Mayor or the County Mayor's designee to execute the Second Amendment to the Interlocal Cooperation Agreement by and among Miami -Dade County, the City of Miami ("City") and the Omni CRA, in substantially the form attached hereto as Attachment "K" and incorporated herein by reference, only after the approval of salve by the City and the Omni CRA, and subject to: (1) the Omni CRA agreeing that its board of commissioners shall include a County Commissioner or a designee appointed by the Commissioner of District 3 in accordance with section 163.357, Florida Statutes, and this Board's Resolution Nos. R-1382-09 and R-499-16; and (2) the Omni CRA agreeing to including in all community benefit agreements with entities or contractor receiving grants of $1,000,000.00 or more a requirement that such entities or contractors shall comply with the Miami - Dade County's Responsible Wage ordinance. This Board further authorizes the County Mayor or the County Mayor's designee to exercise all provisions contained therein not reserved by this Board. 8 Packet Pg. 43 2.1.b Amended Agenda Item No. 5(H) Page No. 7 Section 5. This Board directs the County Mayor or the County Mayor's designee to use the funds that are to be refunded to the County by the Omni CRA, in accordance with the Second Amendment to the Interlocal Agreement, to fund cultural facilities and programs in the Omni area. Section 6. If any one or more provisions of this resolution should be contrary to law or invalid or ineffective for any reason, such provision shall be deemed severable from, and shall not affect the validity of, the remaining provisions of this resolution. The Prime Sponsor of the foregoing resolution is Chairwoman Audrey M. Edmonson and the Co -Sponsor is Senator Javier D. Souto. It was offered by Commissioner Audrey M. Edmonson, who moved its adoption. The motion was seconded by Commissioner Rebeca Sosa and upon being put to a vote, the vote was as follows: Audrey M. Edmonson, Chairwoman aye Rebeca Sosa, Vice Chairwoman aye Esteban L. Bovo, Jr. aye Daniella Levine Cava aye Jose "Pepe" Diaz aye Sally A. Heyman aye Eileen Higgins aye Barbara J. Jordan absent Joe A. Martinez nay Jean Monestime aye Dennis C. Moss aye Sen. Javier D. Souto aye Xavier L. Suarez aye 9 Packet Pg. 44 2.1.b Amended Agenda Item No. 5(H) Page No. 8 The Chairperson thereupon declared this resolution duly passed and adopted this 16t" day of June, 2020. This resolution shall become effective upon the earlier of (1) 10 days after the date of its adoption unless vetoed by the County Mayor, and if vetoed, shall become effective only upon an override by this Board, or (2) approval by the County Mayor of this resolution and the filing of this approval with the Clerk of the Board. Z GOUNFY �" Approved by County Attorney as to form and legal sufficiency. Terrence A. Smith MIAMI-DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS HARVEY RUVIN, CLERK Melissa Adames By: Deputy Clerk 10 Packet Pg. 45 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO rnllcl�; off ATTACHMENT A Miami Feb ADOPTED ry\ F L 1g Zp19 S: Op pM * INCRAP RRAT1E0 * OMNI CRA Resolution L CRA-R-19-0004 Q R� A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ASSESSMENT OF NEED STUDY PREPARED BY PMG ASSOCIATES, INC., ATTACHED AND INCORPORATED AS EXHIBIT "A" ("STUDY"), FOR THE EXTENSION OF LIFE OF THE CRA; FINDING THAT THE STUDY AREA CONSTITUTES A SLUM OR BLIGHTED AREA AS DEFINED IN SECTION 163, FLORIDA STATUTES; FINDING THAT THERE IS A SHORTAGE OF HOUSING AFFORDABLE TO RESIDENTS OF LOW OR MODERATE INCOME, INCLUDING THE ELDERLY; AND FINDING THAT THE REBUILDING, REHABILITATION, CONSERVATION, AND REDEVELOPMENT OF THE STUDY AREA IS NECESSARY AND IS IN THE BEST INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS, AND WELFARE OF THE RESIDENTS OF THE CITY OF MIAMI ("CITY") AND MIAMI-DADE COUNTY ("COUNTY"); FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE STUDY TO THE CITY AND THE COUNTY FOR FURTHER LEGISLATIVE ACTION Information Department: OMNI Community Sponsors: Redevelopment Agency Category: Other Attachments Agenda Summary and Legislation 5128 Exhibit A 2018-11-14 5128 Exhibit A Body/Legislation WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Omni CRA Redevelopment Plan ("Plan"); and WHEREAS, pursuant to Section 163.356, Florida Statutes, the City of Miami ("City") and Miami -Dade County ("County") created the CRA; and WHEREAS, on October 23, 1986, the Miami City Commission adopted Resolution No. 86-868 approving the Plan; and WHEREAS, on July 7, 1987, the Board of County Commissioners adopted Resolution No. R-825-87 approving the Plan; and WHEREAS, on December 31, 2007, the City, the County, the CRA, and Southeast Overtown/Parkwest Community Redevelopment Agency entered into an Interlocal Agreement to provide for, among other things, the expansion of the CRNs Redevelopment Area and the extension of the CRA's life to 2030; and WHEREAS, Section 163.355, Florida Statutes, requires a finding of necessity by a county or municipality, supported by data and analysis, which makes a legislative finding that conditions in the area meet the criteria of a slum area or a blighted area as defined by Section 163.340, Florida Statutes; and WHEREAS, the Board of County Commissioners adopted Resolution No. R-611-15 establishing guidelines regarding the CRA's potential extension of its life; and WHEREAS, the Assessment of Need Study prepared by PMG Associates, Inc., attached and incorporated as Exhibit "A" ("Study"), found that the CIRA's Redevelopment Area has one or more slum or OA miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPosition=&ID=5128&CssClass=&Print=Yes Packet Pg. 46 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 2.1.b blighted areas, or one or more areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, as required by Section 163.355(1), Florida Statutes; and WHEREAS, the Study also found the rehabilitation, conservation, or redevelopment, or a combination thereof, of the Redevelopment Area, including the development of housing which residents of low or moderate income, including the elderly, can afford, is necessary in the interest of the public health, safety, morals, or welfare of the residents of the CRA's Redevelopment Area as required by Section 163.355(2), Florida Statutes; and WHEREAS, the Study further supports the finding that within the CRA's Redevelopment Area, there are (1) deteriorated structures, (2) taxable values lagging behind other properties throughout the City, (3) unsanitary or unsafe conditions, (4) deterioration of sites or other improvements, (5) higher incidences of crime (6) higher proportionate amount of fire and emergency medical service calls to the area, (7) a greater number of violations of the Florida Building Code, and (8) diversity of ownership or defective/unusual conditions of title and faulty lot layouts; and WHEREAS, the Board of Commissioners of the CRA wishes to accept and approve the Study and direct the Executive Director to transmit a copy of the same to the City and the County to make legislative findings that the conditions in the CRA's Redevelopment Area meet the criteria described in Section 163.340(7 or (8), Florida Statutes; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Board of Commissioners of the CRA accepts and approves the Study, attached and incorporated as Exhibit "A," demonstrating the need to extend the life of the CRA. Section 3. The Board of Commissioners of the CRA finds that there continue to be existing slum or blighted conditions in the CRA's Redevelopment Area as defined in Section 163.340, Florida Statutes, and found in the Study, attached and incorporated as Exhibit "A." Section 4. The Board of Commissioners of the CRA finds one or more slum or blighted areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, exists in the CRA's Redevelopment Area. Section 5. The Board of Commissioners of the CRA finds that the rehabilitation and development of housing affordable to residents of low or moderate income, including the elderly, continues to be necessary an( in the interest of the public health, safety, morals, and welfare of the residents of the City and the County. Section 6. The Board of Commissioners of the CRA finds that the Study, attached and incorporated as Exhibit "A," supports the findings that within the CRA's Redevelopment Area, there are (1) deteriorated structures, (2) taxable values lagging behind other properties throughout the City, (3) unsanitary or unsafe conditions, (4) deterioration of sites or other improvements, (5) higher incidences of crime, (6) higher proportionate amount of fire and emergency medical service calls to the area, (7) a greater number of violation; of the Florida Building Code, and (8) diversity of ownership or defective/unusual conditions of title and faulty lot layouts. Section 7. The Board of Commissioners of the CRA finds that it is necessary and in the interest of the public health, safety, morals, and welfare of the residents of the City and the County to extend the life of the CRA. Section 8. The Executive Director is directed to transmit a copy of said Study, attached and incorporated as Exhibit "A," to the City and the County to make legislative findings that the conditions in the CRA Redevelopment Area continue meet the criteria described in Section 163.340(7) or (8), Florida Statutes. Section 9. This Resolution shall become effective immediately upon its adoption. Meeting History OMNI Feb 19, 2019 5:00 PM Community Regular Meeting Redevelopment Agency miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositio n=&ID=5128&CssClass=&Print=Yes Packet Pg. 47 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: RE.6 is the -- approving the Assessment of Need Study that has been carried out. There are representatives here, if you have any questions about that. But basically, it is saying that there is still an ongoing need in the Omni Community Redevelopment Agency to continue our work, with an extension. Board Member Reyes: This is for an extension of life of the Omni? Chair Russell: Correct. Board Member Reyes: For the CRA (Community Redevelopment Agency)? Chair Russell: Correct. c O a) a) Board Member Reyes: And if -- my -- Chair Russell: It doesn't approve it; it simply accepts the finding of -- the Assessment of Need Study; accepts the work that the group has done -- the contracted group has done to assess the area; that the need still exists. O Board Member Reyes: I have not read that assessment. I would like to be more informed, because you know that the -- my opinior L c on extending CRAs, you see, I think that CRAs -- the purpose of CRAs is just promote development, and once the development occur 0 -- eliminate blight, and once blight has been eliminated and development has taken place, they should sunset, and -- }' c O Chair Russell: Agreed. E c Board Member Reyes: -- then -- because if they keep on going, then what you're doing -- what we are doing -- not this -- I'm no O talking about this or anything, and neither one in particular -- but what you're doing is, all the additional funds stay within the area Q and other areas that need also some funds, they are being deprived of additional funds that are needed for their streets, for thei extra police officers, et cetera, et cetera. U Chair Russell: Yes. N Board Member Reyes: You see. That's why I want to make -- be very sure that it is worth it to extend the life of the CRA. allo w ao Chair Russell: Absolutely. And so, we need to be careful about it. The life, as it stands, has another 13 years left on it? v a Jason Walker (Executive Director/Omni Community Redevelopment Agency): Yes, sir. 3 v M m Chair Russell: Approximately. M Board Member Reyes: Chairman, 229 -- 2000 -- I mean -- G Mr. Walker: 2030. O Board Member Reyes: 2030, as it is today? N CD W Mr. Walker: Yes, sir. c O O Chair Russell: Right. V O N O Board Member Reyes: But I don't see the need that we take -- make a decision of extending it beyond that without knowing wha N we're going to do, so. co Mr. Walker: And that's -- m Chair Russell: So the -- if I could. So the current assessment -- the current life span of the CRA and the funds available to it to do 00 the job it should do are completely restricted by the agreements that it made in the global agreement and before. 0) Board Member Reyes: Yes. I know. O E Chair Russell: We do not have the funds to move forward and fulfill our redevelopment plan. So the blight that you see out there nov cannot be addressed over this next 13 years, unless we are able to do extend and do a financing plan that can then bring in thos( funds. Q Board Member Reyes: I -- sir -- Chair Russell: He's right here. Board Member Reyes: -- with all due respect, I (UNINTELLIGIBLE) Little Havana has more blight than this -- 12 Packet Pg. 48 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: You -- Board Member Reyes: -- and they need -- Chair Russell: -- are correct. You are correct. Board Member Reyes: You see? And they need funds from the CRA. Why don't we wait, and let's analyze this further. I won't vote or this. Chair Russell: So -- a� E Board Member Reyes: Table this. I won't vote on it. I talked to you about it -- d L Chair Russell: Yes, sir. Q c.� Board Member Reyes: -- and my position has been from day one -- O L Mr. Walker: Yes, sir. O Board Member Reyes: -- that I am totally against extending the life of the CRA. We have until 2000 -- I mean, 2029, right? E Mr. Walker: Yes, sir. 2030. c Board Member Reyes: And the -- I'm not convinced with the arguments that are being presented that we need it in order to develol E the lots by the school buildings -- Q Chair Russell: Yeah. c 0 a) Board Member Reyes: -- or by the school administration buildings. And if we're going to do a major redevelopment there that is .. going to be almost -- oh, yeah, you know how I am. I'm a straight shooter. I'm concerned that if we make a major low-income cN redevelopment there and build eight -- I mean, how many apartments? A thousand apartments, 2,000 apartments, we are creatinc 00 the same type of projects that failed in Chicago, failed in the Bronx, and failed in all those places, and I want to make sure that wf don't do that. Chair Russell: No, absolutely not. Board Member Reyes: Okay. Chair Russell: And the redevelopment plan would be done in a responsible way. I spoke with County Commissioners as well, who ar( interested in the Little Havana concept; that there are other areas of need that are not getting City attention, nor County attention that could be worthy of CRA, and I am absolutely -- Board Member Reyes: Sir -- Chair Russell: -- open to it. I am absolutely open to it. Board Member Reyes: -- the CRA -- many people say that, "No. We're to build a CRA." A CRA in Flagami won't work, because we don't have the potential of building the buildings that you have built here, and the tax base have increased substantially. Chair Russell: Yeah. Board Member Reyes: You see? We don't have the potential. Why the CRA Overtown/Parkwest Redevelopment Project and the CRA was created? Because we -- if we have -- would have done it only with Overtown, it would -- nothing would have happened, bu being -- I mean, Over -- Parkwest had the potential of development and the demand to create -- N w rn 00 Chair Russell: Correct. That's it. c Board Member Reyes: -- the type of buildings and the type of development. The Omni was the same way. E s Chair Russell: Yeah. Q Board Member Reyes: So saying that we're going to have a CRA in Little Havana or in Flagami or (UNINTELLIGIBLE) -- Chair Russell: I misunderstood. I thought that's what you were asking. Board Member Reyes: No, no, I'm not asking for that, because that wouldn't do anything to it -- Chair Russell: Understood. 13 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositiPacket Pg. 49 onn=&ID=5128&CssClass=&Print=Yes 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Reyes: -- because there is not the potential for development there, as there was a potential here. You create a CRA where there is potential for development, so the tax base -- I mean, that the increment of that -- of those development arP reinvested in order to create more development in that area -- Chair Russell: Yeah. Board Member Reyes: -- that will increase the tax base; and that tax base, once they -- I mean, sunset, that tax base -- tha additional tax base that was created, it is used in the whole City, you see? That's -- Chair Russell: Understood. So this is a philosophy on CRAs in general, and I assume you feel the same way about the Overtown/Parkwest CRA, which is --? Because our timing issue is we're trying to work in tandem with the Overtown/Parkwest CRA it ari E their extension as well. a) a) L Board Member Reyes: But their extension, it is -- it's sort of different. Overtown has a different reality than what we have here. Q Chair Russell: What's the difference? is 0 O L Board Member Reyes: The difference is that we have more blight, we have more poverty, we have more need for -- O Chair Russell: In Overtown? C Board Member Reyes: In Overtown. E C Chair Russell: There are 10 empty lots -- a) E Q Board Member Reyes: That's why they need that -- there is development in Parkwest, because that development -- you see, most o the -- O U a) Chair Russell: Yeah. N Board Member Reyes: -- funds that comes to Overtown comes from Parkwest. N 00 0) ao Chair Russell: Yes. e. Board Member Reyes: You see? Chair Russell: Yes. And I -- Board Member Reyes: And Omni, all the funds that you get, it is from the development that has occurred around this area. You see? Chair Russell: Okay. I'd like you to give me a shot to convince you. I'd like you to give me a shot. Board Member Reyes: Sir, we have to sit down -- Chair Russell: This is the moment. This is our moment. Board Member Reyes: No, no, no. This is (UNINTELLIGIBLE). Chair Russell: We are quite -- I would just like to make the case to you Board Member Reyes: Oh, make the case. Chair Russell: -- of why we do have the need here in a very similar way to what Overtown has, because what we have -- the samE engine that -- all the development that's happening in Overtown/Parkwest with World Center, et cetera, is creating an engine tha can help the rest of the district, and they've done that throughout. In our CRA, it has the engine; it never spent it where it wa supposed to. We never spent -- there are 10 blocks of blighted residential poverty, people who need our help, and we don't have the muscle to do it. We don't have the budget to do it. We don't have the funds. Since -- in the last three years, we've turned around and Jason has literally found money to make money and start affordable housing projects, but we are a drop in the bucket from wha we need to do for this community. We have failed it as a CRA. We have a chance to redeem ourselves, and I need your help. I can' do it without you in this moment. And we're trying to go in tandem with the Overtown/Parkwest CRA, which has the exact samE situation that we do. Many, many good projects are depending on an extension, or the School Board property cannot be developed or the Biscayne Park property cannot be developed properly. There's so much blighted area in here. Just the FDOT (Florid< Department of Transportation) underdeck that we want to make a connection between Overtown and the water, we want to be a bi< help in that. There's an item on here where we will be helping -- Board Member Reyes: Is that the thing that --? Chair Russell: It is. It is. 14 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes Packet Pg. 50 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Reyes: You see, I do understand what you're saying, but -- I mean, unfortunately, unfortunately, the funds of this CPA has been used as a piggybank -- Chair Russell: Yep. Board Member Reyes: -- as a piggybank that -- then you use it for a tunnel, you use it for whatever, and now that -- you are in thi: predicament -- Chair Russell: Yes. Board Member Reyes: -- but that has hurt the rest of the other -- Chair Russell: We have a chance to fix that now. Board Member Reyes: No, you don't have a chance to fix that, because if you extend this after 2029, that means that until nex century, not a neighborhood in the City of Miami is going to receive the proceeds from here. Mr. Walker: Commissioner -- Mr. Chairman? Chair Russell: Yes. Mr. Walker: Commissioner Reyes and I had a long discussion about this item, and I think you started out by saying that thi; assessment of need is only the acceptance of the study. This is not the official extension. We have to come back to you with twe other documents; one is the interlocal and one is the redevelopment plan. Board Member Reyes: Yes. I understand. Mr. Walker: That creates -- So the concerns that you raise, sir, are valid concerns, and all of that -- all of those concerns, especially the giveback to the City -- because for the 15 extension years that we're requesting, we don't have to take 100 percent back; we car give 50 percent back to the City, 50 percent back to the County, but all of those details are worked out in the interlocal agreement which triggers maybe the 15-year extension, but this document only accepts the report. Board Member Reyes: I think that -- you see, I won't tacitly agree on the extension by accepting the report, you see, because by me accepting the report tacitly, what I'm doing is, I'm saying, "Yes, I'm in favor of the extension." You see? Mr. Walker: Yes, sir. Board Member Reyes: And I said it day one that I was in a Commission meeting -- you and I had an argument about this my firs Commission meeting, you see. And I want everybody to know that I was the economist for the Overtown/Parkwest Redevelopmen Project, you see. The first CRA that was created was the Overtown Redevelopment, and I was the economist of that; I know what I'n talking about, you see. I know what I'm talking about. And I want everybody to know where I come from. It is not that I am agains the CRA. I know what I'm talking about, and I know the purpose of creating a CRA, you see. We cannot create a CRA in perpetuity for that particular neighborhood. We can't. Chair Russell: But -- Board Member Reyes: We can't, because that is not the purpose of the CRA. Chair Russell: So -- Board Member Reyes: It is not the purpose. What I want to do -- There is no rush for this, sir; we have until 2029, and we have many days ahead that we can talk. Chair Russell: We -- Board Member Reyes: I wouldn't vote in favor of this. Chair Russell: I understand. I -- Mr. Walker: Commissioner? Chair Russell: -- would like to say a couple of things. One, we can do a lot of good right now with this extension. Even though the extension starts then, the future TIF (Tax Increment Fund) we can now borrow against that to do really good for a community tha needs it right now. We have a plan. We have a redevelopment plan. Everything we're trying to do depends on it. I can hear tha you're not against CRAB in general, because if you're in favor of the Overtown/Parkwest extension, I need to understand the specific difference with this CRA that you have an issue with. Board Member Reyes: It's very easy, sir. Very easy. This CRA was created to promote development in the Omni area, which was -- most of the development that has created here is (UNINTELLIGIBLE) in, and they have provided the City with additional revenue -- 15 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes Packet Pg. 5I 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: What has? Board Member Reyes: -- which is tax -- of all of this development that has -- Chair Russell: The waterfront. Board Member Reyes: The waterfront Chair Russell: Right. Board Member Reyes: -- that have been created. Fine, it was created. And most of the blighted areas have been eliminated, and think we have to -- still have time to eliminate it. Now, that was created. It has fulfilled its purpose, you see. And since it has fulfiller its purpose, and it has been mismanaged -- not by you, not by you. I'm not blaming you guys. It has been managed [sic], bu unfortunately, it has been mismanaged, and unfortunately, because of that, you see, now it doesn't -- I mean, when it -- they sunset, because this has been extended before. Chair Russell: Understood. Board Member Reyes: You see? It was extended, and then now we want another extension, and when are the rest of thr p neighborhoods in the City of Miami will be able to obtain some benefit from all the benefits that have been created here? Never. YOL see? E Chair Russell: All right. Commissioner Gort, did you want to --? Board Member Gort: Yes. First of all, I'd like to say, a lot of the increase of funding that have come through the Omni CPA has beer CD Q for the work that we've done in the past, because let me tell you, nobody wanted to live in Buena Vista, nobody wanted to build it Buena Vista, nobody wanted to go into Biscayne Boulevard. Thanks for the job that was done by former CRA -- sorry about that - you can see the fundings that coming in today. Now, the one thing that I'd like to see, because when you (UNINTELLIGIBLE) right of m your target, you're talking about create -- clear slum and blight as a goal, right? The second paragraph says, "Create employmen N opportunities." That's what I'd like to see, a plan where you have mixed use. We created, through East Little Havana CD( -- (Community Development Corporation), where I was president at the time, an apartment building on Southwest 1st Avenue and 9tf � Street, a block away from Miami Avenue and two blocks away from Brickell; 170 units, 102 affordable housing, because we have ta> 0) credit, and 70 rental. The 70 -- what do you call them? Normal rent. `0 a Mr. Walker: Market. 3 v ro Board Member Gort: Market rate, which means you mix the community, because whenever you create a lot of affordable housing m what happens to those small business in the area? The buying power does not exist there; they cannot maintain the existin( r- business. This is where we have to combine the whole thing. Yes, I think affordable housing is very important, but we can use mixer M housing, too -- p 3 Board Member Reyes: Yep. p rn Q) Board Member Gort: -- which is very important also. W Board Member Reyes: And another thing, sir -- c C V Board Member Gort: And going back to -- the first CPA was created because the City fund it. O N O Board Member Reyes: Yeah. N cG Board Member Gort: That's why, later on, they had to pay back the City, because the City is the one that funded most everything. c 3 Chair Russell: Would you be in favor of this item, accepting the finding of necessity, the --? N W T Board Member Gort: I would have to look at it, but I would like to see a plan, really -- 00 c Board Member Reyes: Yeah. E Board Member Gort: -- where I can see the benefit, if employment is going to be created, because what happens right now, ever) s time you have someone that wants to come with a great project for an area that is abandoned, it's non-existent, people comr "No, Q against it; no. We want affordable housing. We don't want this." Where there's opportunity to create jobs, educate people, wr need to do that. Board Member Reyes: Yep. Board Member Gort: What good is it if you give him a home, but you don't give him a job? Chair Russell: Understood. 16 Packet Pg. 52 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Gort: They're going to live for the rest of their life in affordable housing? Chair Russell: Understood. So, Commissioner Gort, would you be open to making a motion on this item specifically, hearing fron what that plan is, so that we can pass this item and be in conjunction with the Overtown CRA in our timeline? Board Member Gort: I don't have any problem in voting for it. I have not looked at it, and I'll be frank with you; I haven't had ar opportunity to look at it, but I would make sure it can be amended, because I'd like to see more of not only affordable housing; I'( like to see what kind of employment we're going to create, what kind of mixed use we're going to have, because we don't want t( create ghettos. We want to give people an opportunity to really come up. +, c a� Chair Russell: Thank you. So that -- is that a motion on RE.6, please? E a) a) Board Member Gort: Yeah, I'll move it. L Q Chair Russell: Thank you. Seconded by the Chair. Open for discussion. O Board Member Reyes: Besides -- and let me tell you something, you can use also some of the funds that we're going to receive foi L a) affordable housing to create additional housing here, okay? You're going to receive -- if it is divided, you're going to receive over $1: million, you see, and -- but I don't see the -- I will not vote for an extension, because I think that there are other needs I know tha O has been created. Most of the revenues that have been produced, they are being earmarked to pay the bonds, and -- for the wa) that was -- that the money was used before, you see. And most of those funds are being -- I mean, they cannot be used. y E Board Member Gort: Well, wait a minute. You're saying this study, it's giving the opportunity to do a bond issue based on what is going to come up? CD E Q Chair Russell: I'm sorry; I couldn't understand. c O Board Member Gort: Before you can do a bond issue, that has to be approved by the County and by the City. m N Chair Russell: This is completely separate of the bond. N 00 w Board Member Gort: This is just a study? a.�. a Chair Russell: It's just a study and (UNINTELLIGIBLE). Y v ro Board Member Gort: And can be amended? m Chair Russell: Yes, it can, and it needs County approval, which they can -- M c O Board Member Gort: Okay. 0 Chair Russell: -- disagree. And then beyond that, an actual MOU (Memorandum of Understanding) would need to be put together, ar CD interlocal, of how everything is decided that we have planned. Everything could change. This is simply accepting the need -- stud) that says, "We still have blight. We still have poverty. This is not mission accomplished; we have more work to do." That's all it says. c Board Member Gort: But I find we have a lot of property owners that would like to maintain and stay there. O V Board Member Reyes: Yep. 0 c N Chair Russell: Yes. ca m Board Member Gort: Are we helping those people to keep their homes? Because one of the biggest problems we have, we have ar elder citizens. One of the things that's happening in some of our neighborhood, the kids are moving back in, the young people ar( moving back in. Their parents are no longer there; they take over the houses, but they were -- that's what keeps the neighborhood! w going, ownership. rn 00 Chair Russell: Two of -- E Board Member Gort: If you don't have ownership -- Board Member Reyes: That's right. Q Chair Russell: So two of our biggest investments to date have to do with affordability for those who live here now; not abou attracting new folks that are coming. But the ground -breaking we had last -- two weeks ago is 45 units that we will phas( development in it. Everybody who lives there now can move within the development while we redevelop; then they move back intc their apartment, brand-new, same rent; they get to stay there. Now, as for ownership, which is very, very important, this -- one o the items on here, the purchase of land, we could absolutely do that for ownership, because not enough of our bond or CRA plan have (UNINTELLIGIBLE) be ownership. We're always talking rent, rent, rent, but really -- 17 miamifl.igm2.com/Citizens/Detail_LegiFile.aspx?MeetingID=2344&MediaPositi n=&ID=5128&CssClass=&Print=Yes Packet Pg. 53 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Reyes: No, and -- Chair Russell: -- giving people equity is the greatest gift we can do, and that's not, "Here's a fish for the day"; that's, "Here's your investment for your life." Board Member Reyes: Mr. Chair? Chair Russell: Yes, sir. Board Member Reyes: I have been talking about homeownership -- a� E Chair Russell: You're absolutely right. y L Board Member Reyes: -- since the first day that I had been -- I've been to Overtown/Parkwest Redevelopment CRA, and I've talker Q about ownership. I'm a firm believer in ownership, firm believer in ownership. O Chair Russell: Let's do more of it. Let's do it together. y c Board Member Reyes: That's right, but I don't want you -- I don't want this CRA to be in perpetuity. That's what he's trying to do. O Mr. Walker: No, no, no, no. 0) E Board Member Reyes: No, no. Yes, sir. Yes, sir. And let me tell you something. E Chair Russell: (UNINTELLIGIBLE). Q C Board Member Reyes: Listen to me. Right now, with the folks that you are pertaining, you are promoting certain development, right? v a) Chair Russell: What do you mean? N N 00 Board Member Reyes: You said that you value -- developing how many units? 0) Chair Russell: Well, the one project that we ground -broke two weeks ago is 45 -- 44 units. Q- 3 Y V Mr. Walker: 44. m Board Member Reyes: 44 units. Chair Russell: 44 units. C 0 Board Member Reyes: Where the money came from? N Mr. Walker: We went out last year and got a loan for $25 million, which is the maxed capacity that we have until 2030. Board Member Reyes: And when are you going to be paying those -- how long before you pay that money? c p V Mr. Walker: Over the next 13 years. N 0 N Board Member Reyes: And after you meet all your needs, how much money you'll have left? Mr. Walker: It's probably -- we give grant money out to businesses like this to come into the neighborhood and open up. Probably i c million or two a year to do -- Board Member Reyes: Million or two a year. 00 rn 0 Mr. Walker: -- grant business. I want to point out one thing that shouldn't go unnoticed. Two years ago, three years ago, the Count) c Mayor sent out a memo to the County Commissioners, endorsing -- frankly, suggesting that the Overtown CRA and the Omni CRA bE t extended. In that memo, there's a number. The number that the tax will be generated from the additional 15 years was $780 millior in new tax money, but what we've done, and what we've failed to mention to you now, which will be, Commissioner Gort, a part o our redevelopment plan, is that we've been working with government property owners in the area, which include the School Boarc Q that has 10 acres; the City of Miami that has 7 acres. That's 17 acres right now of untaxed property. So that means that the City'! not getting that money, the County's not getting that money. Board Member Reyes: I do under -- Mr. Walker: If this is extended just for -- and we did the analysis, a financial analysis by Lambert, the same people that did thf soccer stadium on Melreese. They said -- we did it before the Melreese, but -- 18 Packet Pg. 54 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Reyes: The same people that did the (UNINTELLIGIBLE). Board Member Gort: (UNINTELLIGIBLE). Mr. Walker: The financial -- Board Member Reyes: Well, say no more. That is a (UNINTELLIGIBLE). Mr. Walker: No. C Board Member Gort: No. E a) d Board Member Reyes: No. That's a (UNINTELLIGIBLE); say no more. L Q Chair Russell: All right. O Mr. Walker: No. Listen, listen, listen, we did it before. We did this study three years ago. L +; c Board Member Reyes: Oh, man. 0 c Mr. Walker: We did this study three years ago, before the -- before that was hired -- before they were hired for that project. Th< E point is that on that 17 acres of current untaxed land, you would realize a $500 million taxable value for construction on that land SO. CD E Board Member Reyes: But, sir, let me interrupt you. You think that -- if the School System, they want to sell those lots they have Q they could sell it tomorrow. c O Mr. Walker: The Chairman -- aa) Board Member Reyes: They could sell it tomorrow, you see. Mr. Walker: -- met with the Superintendent. Board Member Reyes: I used to work at the School System. I used to be in charge of all the revenues that they received in the Budget Department. They could sell it tomorrow. There is -- hasn't been a will of -- from the School System to sell those properties They are not developed; not because the CRA has not been part of the development process. They have not been developed becaus( the School System has not tried to sell it and develop it, you see. Chair Russell: Correct. I Board Member Reyes: So don't tell me that it won't be developed -- Chair Russell: No. Board Member Reyes: -- unless you have the money to do it. Chair Russell: Right. No. They -- the worst thing they could do is just sell them off to development. I believe our best opportunit), with such an assemblage is to serve the community with education opportunities, housing opportunities, mixed -use opportunities That would not happen if the School Board just simply sold those properties; they will go market rate, high -end luxury developmen that will not service this Omni community for what -- the needs that it has. It will displace more people. Board Member Reyes: From what I heard, sir, what they wanted to do is a major, major low-income development in that area. I wan to develop -- I mean, I want to foster development of low-income housing, but not to the extent that you are creating a project. Chair Russell: Oh, no. Board Member Reyes: If we don't learn from our past mistakes, we're going to -- we're -- I mean, we're condemned to repeat them I lived in Chicago, I lived in New York, and I know what happened in Chicago. Chair Russell: Agreed. Board Member Reyes: And I am -- I will be totally opposed to a development like that, and that's what I heard. And if you're going tc extend this CPA to provide -- make a development over there, which, by the way, you don't have the commitment from the Schoo System to buy there -- to sell it there. Chair Russell: We have a memo of understanding (UNINTELLIGIBLE). Board Member Reyes: The memo of understanding, but you don't have a commitment. 19 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPositionn=&ID=5128&CssClass=&Print=Yes Packet Pg. 55 5/13/2020 CRA-R-19-0004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: (UNINTELLIGIBLE). Board Member Reyes: I mean -- Chair Russell: Absolutely, yeah. Board Member Reyes: -- you don't -- you do? Chair Russell: We have an agreement. +, c Board Member Reyes: Well, that is -- how much are you going to pay for it? a� E a) d Chair Russell: No, we're not buying it from the School Board. L Q Board Member Reyes: Oh. O Chair Russell: We are helping the School Board, through our ability as a CRA, to incentivize the right type of development; hold thei L a) feet to the fire to do what the School Board needs and what we believe the community needs. O Board Member Reyes: And you know what the school needs -- the School Board needs? I mean, I haven't seen that. I haven't seer anything like that. I mean, I haven't talked to people in the School System to ask about their plans, and things like that. 0) E Chair Russell: Yeah. C E Board Member Reyes: You see, I need more information; and my position, it won't waiver. Q Chair Russell: Well, I appreciate that. And I hope, as you get more information that you will see this CRA as important as the othe C v CRA. So with that in mind, we have a motion from Commissioner Gort, second from the Chair. We'll close discussion. All in favor o a) the item, say "aye." N Board Member Gort: Aye. N 00 0) ao Chair Russell: Aye. e. 3 Y Chair Russell: Any opposed? M m Board Member Reyes: Yes. M Chair Russell: Motion passes. Thank you. It is a fruitful discussion, but I do hope to win you over. o RESULT: ADOPTED [2 TO 1] G MOVER: Wifredo (Willy) Gort, Board Member, District One N SECONDER: Ken Russell, Chair, District Two AYES: Ken Russell, Wifredo (Willy) Gort NAYS: Manolo Reyes C ABSENT: Keon Hardemon, Joe Carollo V Select Language • Powered by C - Translate miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2344&MediaPosi�O n=&ID=5128&CssClass=&Print=Yes Packet Pg. 56 ATTACHMENT B 2.1.b City of Miami OMNI CRA Assessment of Need For Extension of Time Frame for the District INN Si■■ =iNE.' SEMI __1N INN r ■�� ro L PMG Associates, Inc. 3080 NW 2 Court Deerfield Beach, Florida 33442 (954) 427-5010 21 Packet Pg. 57 2.1.b SECTION 1 INTRODUCTION 1.1 HISTORY AND PURPOSE This document represents the analysis of the Assessment of Need for the extension of the time frame for the OMNI Community Redevelopment Area (CRA) in the City of Miami. This assessment is based on Miami -Dade County Board of County Commissioners Resolution #R- 611-15 which requires an assessment that demonstrates that slum and blight still exist within the designated Community Development Agency. This report is part of a formal request to extend timeframe of the OMNI CRA for an additional 15 years. The Finding of Necessity (FON) for the original OMNI CRA was completed in 1987 and the district has received several updates and expansions over the years. EXHIBIT 1-1— OMNI CRA BOUNDARY MAP Source: Miami -Dade County The provisions of R-611-15 are not specifically a requirement of a Finding of Necessity FON) as expressed by Florida Statutes 163, Part III section 163.340 (7)(8). This section of the statutes defines the requirements to declare an area as exhibiting the conditions of slum and blight. The provisions of R-611-15 mirror the requirements of the State Statutes as referring to slum and blight. This resolution identifies the requirements of the Assessment of Need identical to those of section 163.340 (7)(8). 1IPage 22 Packet Pg. 58 2.1.b This analysis will be conducted in the same manner as the FON for a CRA area. The OMNI CRA has made significant improvements over the years and will use the extension of time to further the progress in the CRA area. SUCCESSES OF THE OMNI CRA Dorsey Library Built in 1941, Dorsey Memorial Library was the first City -built library in Miami, and one of the only libraries to allow black patrons to sit and read. Although it had various uses for many years, it has sat empty since the 1980s due to a funding shortfall. Although it has been declared an historic structure, it has not been preserved or protected, and it has not fulfilled its mission as a free and public library. In 2016 the Omni CRA pledged S850k to leverage the City's commitment to rehabilitate this historic structure, and has met with the community to determine character of use, and the nature of what a 21't century library serving the neighborhood from an historic building would entail. Citizen's Bank Building Omni CRA is under contract to purchase the historic Citizen's Bank building on 14th Street and Miami Avenue, to rehab and turn into an active and lively retail, dining or cultural venue. With paired Corinthian columns and arched entrances, this Neoclassical building is sited on a major intersection in the Omni CRA. The prominent Citizens Bank represents a fashionable architectural trend in 1920s South Florida of classically -inspired building designs. Constructed during the Land Boom years, this building is a reminder of a time when local architects were seeking to create a visual identity for the young city. The Miami Entertainment Complex ( MEC ) The recently completed Miami Entertainment Complex (MEC) features two fully operational sound stages of 15,000 square feet each with a 50-foot roof as well as about 15,000 square feet of offices, editing suites and even a school for when kids need to be on set. The MEC is now called VIACOM INTERNATIONAL STUDIOS, after its Operating Film and Television production firm. Viacom shoots much of its Latin American television at these studios and employs hundreds of workers when they are filming a show. They have also brought the community of local filmmakers and media creatives in for tours of the facility and technical workshops. 2 1 P a g e 23 Packet Pg. 59 2.1.b A review of the projects identified in the 2010 Redevelopment Plan update follows: Completed Projects • Baywalk o Woman's Club o Museum Park • Streets o NE 2nd Ave. o NE/NW 14th Street o NE 17th Street o NE 17th Terrace o Bayshore Drive o NE 2nd Ave 0 • Port Miami Tunnel (paying Debt Service) • Neighborhood Greenspace o Land Acquisition o Fire Station #2 Park o PAC North o PAC South o Margaret Pace Park o Museum Park ■ Environmental remediation ■ Construction of Park • Historic Preservation On -Going Projects • Zoning Strategies o Zoning Amendments o Workforce Housing Incentives o Parking Reductions • Historic Preservation o Miami City Cemetery o S&S Restaurant o Fire Station No. 2 Citizens Bank Completed Projects • Baywalk o Woman's Club o Museum Park 3 1 P a g e 24 Packet Pg. 60 2.1.b • Streets o NE 2nd Ave. o NE/NW 14th Street o NE 17th Street o NE 17th Terrace o Bayshore Drive o NE 2nd Ave 0 • Port Miami Tunnel (paying Debt Service) • Neighborhood Greenspace o Land Acquisition o Fire Station #2 Park o PAC North o PAC South o Margaret Pace Park o Museum Park ■ Environmental remediation ■ Construction of Park • Historic Preservation Planned Projects • Miami Herald Properties o Infrastructure & Streetscapes • School Board Properties o New School Facilities o Workforce and Affordable Housing Development o Arsht Center Parking o Entertainment District Expansion • Design Guidelines o Media Entertainment District Noise Abatement Guidelines o PAC Area Guidelines o Biscayne Boulevard Design Guidelines o NE 2nd Ave Design Guidelines • 2 Way Streets o N. Miami Ave. o NE 17th Street o Trinity Cathedral o Miami Woman's Club o Dorsey Library 4 1 P a g e 25 Packet Pg. 61 2.1.b • Streetscapes o Improved Sidewalks o Lighting o Landscaping o Street Furniture • 171h Street FEC crossing • Water and Sewer Upgrades • Infrastructure CHARACTERISTICS OF THE DISTRICT The population of the OMNI CRA area is estimated at 8,509 in 2018. There are 4,416 dwelling units in the area. The entire City of Miami maintains a population of 467,872 within 205,175 dwelling units. Other facilities in the study area include: Parks • Museum Park • Omni Park • Dorsey Park • Biscayne Park • Margaret Pace Park Schools • Phyllis Wheatley Elementary Important Facilities • Philip and Patricia Frost Museum of Science • Perez Art Museum • Knight Concert Hall • Adrienne Arsht Center for the Performing Arts • Art Miami • Dorsey Memorial Library • City of Miami Cemetery 5 1 P a g e 26 Packet Pg. 62 1.2 METHODOLOGY The Assessment of Need as defined in R-611-15 will follow the provisions of State Statutes concerning the determination of slum and blight. Consistent with State Law, process examines the character of the area and measures statistics and other documentation to determine if the conditions of slum and blight have been met, as described in Florida Statutes 163. Part III section 163.340 (7)(8). This analysis will examine each of the criteria and determine if the OMNI CRA area meets these conditions. The analysis of the conditions that exist in the OMNI CRA area was conducted using data available from documented sources throughout the community. Agencies within the City of Miami and Miami -Dade County were contacted and data was supplied to examine the characteristics of the community. Additional research was conducted through field observations and photographic evidence to underscore the findings. Each of the criteria as established by State Law will be discussed separately and the data sources used for the analysis will be described in each section. 1.3 LEGAL REQUIREMENTS The requirements of the determination of slum and blight are established in Section 163.340 of the Florida Statutes and are described as follows: Slum Determination 163.340 (7) "Slum area" is defined as an area having physical or economic conditions conducive to disease, infant mortality, juvenile delinquency, poverty, or crime because there is a predominance of buildings or improvements, whether residential or nonresidential, which are impaired by reason of dilapidation, deterioration, age, or obsolescence, and exhibiting one or more of the following factors: (a) Inadequate provision for ventilation, light, air, sanitation, or open spaces; (b) High density of population, compared to the population density of adjacent areas within the county or municipality; and overcrowding, as indicated by government -maintained statistics or other studies and the requirements of the Florida Building Code; or (c) The existence of conditions that endanger life or property by fire or other causes. Blight Determination 163.340 (8) "Blighted Area" is defined as an area in which there are a substantial number of deteriorated, or deteriorating structures, in which conditions, as indicated by government -maintained statistics or other studies, are leading to economic distress or endanger life or property, and in which two or more of the following factors are present: 61Page 27 Packet Pg. 63 2.1.b (a) Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities; (b) Aggregate assessed values of real property in the area for ad valorem tax purposes have failed to show any appreciable increase over the 5 years prior to the finding of such conditions; (c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; (d) Unsanitary or unsafe conditions; (e) Deterioration of site or other improvements; (f) Inadequate and outdated building density patterns; (g) Falling lease rates per square foot of office, commercial, or industrial space compared to the remainder of the county or municipality; (h) Tax or special assessment delinquency exceeding the fair value of the land; (i) Residential and commercial vacancy rates higher in the area than in the remainder of the county or municipality; 0) Incidence of crime in the area higher than in the remainder of the county or municipality; (k) Fire and emergency medical service calls to the area proportionately higher than in the remainder of the county or municipality; (1) A greater number of violations of the Florida Building Code in the area than the number of violations recorded in the remainder of the county or municipality; (m) Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area; or (n) Governmentally owned property with adverse environmental conditions caused by a public or private entity. 71Page 28 Packet Pg. 64 2.1.b SECTION 2 SLUM CONDITIONS 2.1 ANALYSIS OF SLUM CONDITIONS The conditions that define "Slum" as outlined in Florida State Statues 163.340(7) in the potential CRA area are found in the following factors. In order for an area to qualify as having slum conditions, the area must have at least one of three factors. (a) Inadequate provision for ventilation, light, air, sanitation, or open spaces; The conditions of inadequate housing can be categorized through the determination of "Unsafe Structures" as determined by the Florida Building Code. Data collected from the City of Miami reveals that the OMNI CRA area has 11 "Unsafe Structures" designated within its borders. These citations cover the full range of conditions including inadequate ventilation, substandard housing and improper maintenance of the buildings. These 11 structures represent 1.38% of all structures in the district. City-wide, Miami has 1,328 cases of Unsafe Structures which represents .65% of the total number of structures in the City. The listing of Unsafe Structures is provided in Table 2-1 TABLE 2-1 LISTING OF UNSAFE STRUCTURES BY ADDRESS 124 NW 14 Street 1400 Biscayne Boulevard 1425 NE 2 Avenue 2115 N Miami Avenue 2127 N Miami Avenue 2141 N Miami Avenue 555 NE 15 Street 1440 NW 1 Avenue 1558 NW 1 Avenue 1614 NW 1 Court 270 NW 23 Street 8 1 P a g e 29 Packet Pg. 65 2.1.b Examples of Unsafe Structures Exhibit 2-1, 1558 NW 1 Avenue Exhibit 2-3, 1425 NE 2 Avenue Exhibit 2-5, 1440 NW 1 Avenue Exhibit 2-2,124 NW 14 Street Exhibit 2-4, 2141 N. Miami Avenue Exhibit 2-6, 1614 NW 1 Court (b) High density of population, compared to the population density of adjacent areas within the county or municipality; and overcrowding, as indicated by government - maintained statistics or other studies and the requirements of the Florida Building Code. Density patterns can be measured by the amount of developed acres of land or by the amount of population per square mile. The City of Miami covers approximately 35.87 square miles within its boundaries. Based on a population of 467,872, the density of persons per acre in the City of Miami is 20.38. For the OMNI CRA area, the population of 8,509 lives within approximately 503 acres for a density of 16.92 persons per acre. 91Page 30 Packet Pg. 66 2.1.b (c) The existence of conditions that endanger life or property by fire or other causes. A review of the data from the City of Miami Fire Rescue Department reveals that in 2017, the Omni CRA area had a total of 2,117 calls for fire and emergency service. Based on the population of 8,509, this equates to 274.06 calls per one thousand population. For the entire service area of the City of Miami Fire Rescue during the same time, the population of 467,872 generated 100,583 calls for fire service, which is 214.98 calls per one thousand population. 2.2 RESULTS OF ANALYSIS The OMNI CRA area meets criteria (a) and (c) of section 163.340(7) of the State Statutes. 101Page 31 Packet Pg. 67 2.1.b SECTION 3 BLIGHT CONDITIONS 3.1 ANALYSIS OF BLIGHT CONDITIONS The requirements under State Statutes 163.340(8) for designation as "Blighted" note that the area must have a substantial number of deteriorated, or deteriorating structures, in which conditions, as indicated by government -maintained statistics or other studies, are leading to economic distress or endanger life or property. One method of illustrating "Blight" is through photographic evidence. Field observations were used to examine the area and photographs were taken of the conditions. Exhibits 3-1 through 3- 20 are a representative sample of the conditions in the area. Deteriorated Residential Exhibit 3-1 Deteriorated Mixed Use Exhibit 3-2 Exhibit 3-3 11 I Page 32 Packet Pg. 68 2.1.b Deteriorated Commercial Exhibit 3-4 Exhibit 3-6 Exhibit 3-5 121Page 33 Packet Pg. 69 2.1.b Deteriorated Fences Exhibit 3-7 Exhibit 3-9 Deteriorated Drainage Exhibit 3-11 Exhibit 3-8 Exhibit 3-10 13 1 34 Packet Pg. 70 2.1.b Deteriorated Roadways Exhibit 3-13 Exhibit 3-14 Exhit 3-15 3.2 Blight Criteria Analysis (Must meet 2 of the 14 items) Each of the 14 criteria will be examined in this section. (a) Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities; For economic purposes, the street layout should enable customers to reach businesses easily and for trade among business to be conducted directly and efficiently. The most significant roadway is Dixie Highway which bisects the district. The diagonal nature of the road separates the commercial properties from the east and the west side of the Highway. 141Page 35 Packet Pg. 71 2.1.b EXHIBIT 3-16 TYPICAL GRID PATTERN IN DISTRICT Source: Google Maps Public Transit is provided through thirteen Miami -Dade Transit System fixed routes that serve the area. In addition, the MetoMover system runs through the district with three stations located within the boundaries (b) Aggregate assessed values of real property in the area for ad valorem tax purposes have failed to show any appreciable increase over the 5 years prior to the finding of such conditions; Data from the Miami -Dade County Property Appraiser's Office was obtained to examine the change in Taxable Value for the properties located in the OMNI CRA area and compare them to the entire City's experience. TABLE 3-1 CHANGE IN TAXABLE VALUES - POTENTIAL CRA AREA AND CITY OF MIAMI Source: Miami -Dade County, City of Miami 151Page 36 Packet Pg. 72 2.1.b (c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; Most of the streets in the district are in a grid pattern that form square or rectangular blocks. The exception is US 1 which runs diagonally through the area generating odd shaped parcels. However, this situation is not extremely prevalent and does not pose a significant problem.. (d) Unsanitary or unsafe conditions; The City of Miami Building Code Division has determined that 11 buildings in the potential area are "Unsafe Structures" and have cited these properties for the condition of the buildings. Table 2-1 lists the properties designated as Unsafe Structures. (e) Deterioration of site or other improvements; Listed in Table 3-2 are the necessary improvements to the infrastructure within the potential area boundaries. These improvements total approximately $12.6 million. TABLE 3-2 INFRASTRUCTURE IMPROVEMENT NEEDS (estimates) Item Install Sidewalk LF Road 17052.9 Quantity 9474 Unit SY Cost 75 $ 710,537 Install Curb and Gutter 16454.6 16454.6 LF 35 $ 575,911 Replace Driveway Turnouts 11796 SY 75 $ 884,665 Asphalt Overlay 39675.2 88167.1 SY 50 $ 4,408,353 Drainage Structures 24 EA 5000 $ 120,000 Drainage Pipe 3500 4000 LF 150 $ 600,000 Road Rebuild 4200 9333.3 SY 100 $ 933,333 Side Street Parking 4600 10222.2 SY 75 $ 766,667 Striping 45000 90000 LF 5 $ 450,000 Street Lights 14 EA 15000 $ 210,000 Design and Contingency 30% $ 2,897,840 TOTAL IMPROVEMENTS $ 12,557,307 Source: Florida Technical Consultants 161Page 37 Packet Pg. 73 2.1.b (f) Inadequate and outdated building density patterns; Density patterns can be measured by the amount of developed acres of land or by the amount of population per square mile. The City of Miami covers approximately 35.87 square miles within its boundaries. Based on a population of 467,872, the density of persons per acre in the City of Miami is 20.38. For the OMNI CRA, the population of 8,509 lives within approximately 503 acres for a density of 16.92 persons per acre. (g) Falling lease rates per square foot of office, commercial, or industrial space compared to the remainder of the county or municipality; Lease rates have not been declining and are generally on a par with other similar areas of the City of Miami. Three data sources were used to determine the lease rates and the real estate activity in the area. These sources are: • Trulia.com • MLS • Loop.net Additionally, the information was verified through field investigation. (h) Tax or special assessment delinquency exceeding the fair value of the land; The Miami -Dade Tax Collectors Office is the source of the Tax Delinquency figures for all of Miami -Dade County including the potential area. Data representing the tax delinquencies for the past year were acquired and analyzed for this study. One of the questions regarding the designation of blight is if the area has property with tax delinquencies that exceed the fair value of the properties within the boundary. The analysis indicates that there are only a few delinquent tax files in the area. (i) Residential and commercial vacancy rates higher in the area than in the remainder of the county or municipality; Overall, there are relatively few vacancies in the potential area and these rates are not more extensive than through the remainder of Miami -Dade County. Three data sources were used to determine the vacancy rates and the Real Estate activity in the area. These sources are: • Trulia.com • MLS • Loop.net Additionally, the information was verified through field investigation. 171Page 38 Packet Pg. 74 2.1.b 0) Incidence of crime in the area higher than in the remainder of the county or municipality; Crime data was obtained from the City of Miami Police Department who maintains statistics for municipal boundary. Data from Part 1 and Part 2 crimes that encompass the OMNI CRA area as well as the entire City were obtained to determine the incidence of crime. For the past year, the total number of Emergency and Priority calls for the potential CRA area was derived from the posted statistics. To better compare these numbers, they were divided by the population to arrive at a per capital figure of calls per one thousand population. Table 3-3 provides the analysis. TABLE 3-3 POLICE CALLS PER CAPITA Source: City of Miami Police Department (k) Fire and emergency medical service calls to the area proportionately higher than in the remainder of the county or municipality; A review of the data from the City of Miami Fire Rescue Department reveals that in 2017, the OMNI CRA area had a total of 2,117 calls for fire and emergency service. Based on the population of 8,509, this equates to 274.06 calls per one thousand population. For the entire service area of the City of Miami Fire Rescue during the same time, the population of 467,872 generated 100,583 calls for fire service, which is 214.98 calls per one thousand population. (1) A greater number of violations of the Florida Building Code in the area than the number of violations recorded in the remainder of the county or municipality; The City of Miami Code Enforcement Division is responsible for overseeing the monitoring and enforcement of the Building Codes and other regulations regarding the use of property. Data for the past year was obtained and reviewed to assess the number of Code violations within the OMNI CRA boundary and the total for the City of Miami. Table 3-4 lists the figures and analysis for the Code violations in the area. TABLE 3-4 CODE VIOLATION Area Violations Parcels Percentage of Parcels City of Miami Source: City of Miami Code Enforcement 181Page 39 Packet Pg. 75 2.1.b (m) Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area, Currently there are 26 Vacant Parcels in the OMNI CRA area. Most of these properties are designated for Single Family Residential use. The ownership of these parcels is diverse and does not provide an apparent opportunity to assemble properties. (n) Governmentally owned property with adverse environmental conditions caused by a public or private entity, The entire area is within the City of Miami Brownfield area as defined by Miami -Dade County However, there are no specific sites described as environmental hazards in the area. 3.3 RESULTS OF ANALYSIS The OMNI CRA area meets the following criteria of section 163.340(8) of the State Statutes. • Deteriorated Structures • Section b, Taxable Value lagging behind the City results • Section d, Unsanitary or unsafe conditions • Section e, Deterioration of site or other improvements • Section j, Incidence of crime in the area higher • Section k, Fire and emergency medical service calls to the area proportionately higher • Section 1, A greater number of violations of the Florida Building Code • Section in, Diversity of ownership or defective/unusual conditions of title 191Page 40 Packet Pg. 76 2.1.b SECTION 4 SUMMARY AND RECOMMENDATIONS 4.1 SUMMARY Sections 2 and 3 of this report identify the criteria for designation as "slum" and "blight" based on Florida Statutes. Each of the criteria was examined individually to assess the conditions and determine if the requirements under State law has been satisfied. Tables 5-1 and 5-2 the criteria for slum and blight found in the potential area. TABLE 4-1 SLUM CRITERIA TABLE 4-2 BLIGHT CRITERIA Criteria Description Finding Deteriorated Strictures Meets criteria (a) Predominance of defective or inadequate street layout Does not meet criteria (b) Assessed values of real property in the area have failed to Meets criteria show any appreciable increase (c) Faulty lot layout Does not meet criteria (d) Unsanitary or unsafe conditions Meets criteria (e) Deterioration of site or other improvements Meets criteria (f) Inadequate and outdated building density patterns Does not meet criteria (g) Falling lease rates per square foot of office, commercial, or Does not meet criteria industrial space (h) Tax or special assessment delinquency exceeding the fair Does not meet criteria value of the land (i) Residential and commercial vacancy rates higher in the area Does not meet criteria than in the remainder of the City ') Incidence of crime in the area higher Meets criteria (k) Fire and emergency medical service calls to the area Meets criteria proportionately higher (1) A greater number of violations of the Florida Building Code Meets criteria (m) Diversity of ownership or defective/unusual conditions of Meets criteria title (n) Governmentally owned property with adverse environmental Does not meet criteria conditions 201Page 41 Packet Pg. 77 2.1.b This summary notes that the potential area meets two of the three of the "Slum" criteria and 7 of the 14 specific "Blight" criteria. In addition, the potential area has a substantial number of deteriorated structures as evidenced by Exhibits 2-1 through 2-6, and 3-1 through 3-15. 4.2 RECOMMENDATIONS The OMNI CRA area meets the criteria established under Resolution R-611-15 that the area continues to meet the standards of slum and blight under Chapter 163.340 (7))8) of the Florida Statutes". The area meets two of the three of the criteria to be designated as slum (one is required), and seven of the criteria to be designated as "blight' (only two are required). The area also meets the "blight' requirement of existence of deteriorated structures. 211Page 42 Packet Pg. 78 5/21/2020 R-19-0180 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING T oF.. ATTACHMENT C Miami Ma '4DO1'7ED FL ti * INCRAP 6RATE0 * Resolution R-19-0180 R A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ASSESSMENT OF NEED/FINDING OF NECESSITY ("AON") PREPARED BY PMG ASSOCIATES, INC., ATTACHED AND INCORPORATED AS EXHIBIT '-A," FOR THE EXTENSION OF LIFE OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (-OMNI CRA"); FINDING THAT THE STUDY AREA CONSTITUTE! A SLUM OR BLIGHTED AREA AS DEFINED IN SECTION 163, FLORIDA STATUTES; FINDING THAT THERE IS A SHORTAGE OF HOUSING AFFORDABLE TO RESIDENTS OF LOW OR MODERATE INCOME, INCLUDING THE ELDERLY; FINDING THAT THE REBUILDING, REHABILITATION, CONSERVATION, AND REDEVELOPMENT OF THE STUDY AREA IS NECESSARY AND IS IN THE BEST INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS, AND WELFARE OF THE RESIDENTS OF THE CITY OF MIAMI AND MIAMI-DADE COUNTY AND THAT THE LIFE OF THE OMNI CRA SHOULD BE EXTENDED AS PROVIDED HEREIN; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR OF THE OMNI CRA TO TRANSMIT A COPY OF THE AON TO THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR LEGISLATIVE ACTION. Information Department: Commissioners and Mayor Sponsors: Vice Chair, District Two Ken Russell Category: Elected Official Item Attachments Agenda Summary and Legislation 5836 Exhibit A Body/Legislation WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Omni CRA Redevelopment Plan; and WHEREAS, pursuant to Section 163.356, Florida Statutes, the City of Miami ("City") and the Miami - Dade County ("County") created the Omni CRA; and WHEREAS, pursuant to Resolution No. 86-868 adopted on October 23, 1986, the City Commission approved the Omni CRA's Redevelopment Plan; and WHEREAS, pursuant to Resolution No. R-825-87 adopted on July 7, 1987, the Miami -Dade County Board of County Commissioners ("County Commission") approved the Omni CRA's Redevelopment Plan; and WHEREAS, on December 31, 2007, the City, the County, the Omni CRA, and the Southeast Overtown Park West Community Redevelopment Agency ("SEOPW CRA") entered into an Interlocal Agreement providing for, among other things, the expansion of the Omni CRA's Redevelopment Area and the extension of its life to 2030; and WHEREAS, Section 163.355, Florida Statutes, requires a Finding of Necessity by a county or municipality, supported by data and analysis, which makes a legislative finding that conditions in the area meet the criteria of a slum area or a blighted area as defined,by Section 163.340(7) or (8), Florida St miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2245&MediaPosi`tiionn=&ID=5836&CssClass=&Print=Yes I Packet Pg. 79 5/21/2020 R-19-0180 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING T WHEREAS, pursuant to Section 163.355(1), Florida Statutes, one or more slum or blighted areas or one or more areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, exist in the Omni CRA's Redevelopment Area; and WHEREAS, pursuant to Section 163.355(2), Florida Statutes, the rehabilitation, conservation, redevelopment, or a combination thereof of such area or areas, including, if appropriate, the development of housing which residents of low or moderate income, including the elderly, can afford is necessary in the interes of the public health, safety, morals, or welfare of the residents of the Omni CRA Redevelopment Area; and WHEREAS, pursuant to Resolution No. R-611-15 adopted on June 30, 2015, the County Commission established guidelines identifying the data and analysis required for the Omni CRA requesting an extension of its life and that of the Omni CRA Redevelopment Area to provide an Assessment of Need Study; and WHEREAS, PMG Associates, Inc. and the Omni CRA prepared an Assessment of Need Report/Findinc of Necessity, attached and incorporated as Exhibit "A" ("AON"), in accordance with Section 163.355, Florida Statutes, and County Commission Resolution No. R-611-15; and WHEREAS, pursuant to Omni CRA Resolution No. CRA-R-19-0004 adopted on February 19, 2019, the Board of Commissioners of the Omni CRA approved the AON; and WHEREAS, the AON supports the findings that within the Omni CRA Redevelopment Area, there are (1) deteriorated structures, (2) taxable value lagging behind the City's, (3) unsanitary or unsafe conditions, (4) deterioration of site or other improvements, (5) incidence of crime in the area higher than the City, (6) fire and emergency medical service calls to the area proportionately higher than the City, (7) a greater number of violations of the Florida Building Code, and (8) diversity of ownership or defective/unusual conditions of title and faulty lot layout; and WHEREAS, the City Commission wishes to accept and approve the AON, attached and incorporated a Exhibit 'A" and authorizes the Executive Director of the Omni CRA to transmit a copy of the same to the County to make a legislative finding that the conditions in the Omni CRA Redevelopment Area meet the criteria described in Section 163.340(7) or (8), Florida Statutes; NOW, THEREFORE, BE IT RESOLVED BY COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The City Commission accepts and approves the AON, attached and incorporated as Exhibit "A," for the extension of life of the Omni CRA. Section 3. The City Commission finds that there are still existing slum or blighted conditions in the Omni Redevelopment Area as defined in Section 163.340, Florida Statutes. Section 4. The City Commission finds one or more slum or blighted areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly in the Omni Redevelopment Area. Section 5. The City Commission finds that the rehabilitation and development of housing affordable to residents of low or moderate income, including the elderly, is necessary and in the interest of the public health, safety, morals, and welfare of the residents of the City and the County. Section 6. The City Commission finds that the AON, attached and incorporated as Exhibit "A," supportE the findings that within the Omni CRA Redevelopment Area, there are (1) deteriorated structures, (2) taxable value lagging behind the City's, (3) unsanitary or unsafe conditions, (4) deterioration of site or other improvements, (5) incidence of crime in the area higher than the City, (6) fire and emergency medical service calls to the area proportionately higher than the City, (7) a greater number of violations of the Florida Building Code, and (8) diversity of ownership or defective/unusual conditions of title and faulty lot layout. Section 7. The City Commission finds that it is necessary and in the interest of the public health, safety, morals, and welfare of the residents of the City and the County to extend the life of the Omni CRA. miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2245&MediaPosi44 n =&I D=5836&CssClass=&Pri nt=Yes Packet Pg. 80 5/21/2020 R-19-0180 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING T Section 8. The Executive Director of the Omni CRA is authorized to transmit a copy of this Resolution and said AON, attached and incorporated as Exhibit "A," to the County Commission to make a legislative finding that the conditions in the Omni CRA Redevelopment Area meet the criteria described in Section 163.340(7) or (8), Florida Statutes. Section 9. This Resolution shall become effective immediately upon its adoption and signature of the Mayor., :' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Meeting History May 9, 2019 9:00 AM City Regular Meeting Commission RESULT: ADOPTED [3 TO 2] MOVER: Keon Hardemon, Commissioner, District Five SECONDER: Wifredo (Willy) Gort, Commissioner, District One AYES: Ken Russell, Wifredo (Willy) Gort, Keon Hardemon NAYS: Joe Carollo, Manolo Reyes Select Language • Powered byGoogle Translate ti miamifl.igm2.com/Citizens/Detail_Legi File. aspx?Meeti ng I D=2245&Med iaPosition =&I D=5836&CssClass=&Pri nt=Yes Packet Pg. 8I 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO p PEATTACHMENT D Miami D yTH ATIONo�ZC9(S)FL gun 13019�0A.M *"`°"` °"°I'`° * OMNI CRA Resolution o R 1 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENTS, ACCEPTING THE AMENDED 2019 OMNI REDEVELOPMENT PLAN, ATTACHED AND INCORPORATED AS EXHIBIT "A" ("AMENDED 2019 PLAN"), PREPARED BY PMG ASSOCIATES, INC.; FURTHER AUTHORIZING THE EXTENSION OF LIFE OF THE CRA TO 2047; AUTHORIZING THE NON-CONTIGUOUS EXPANSION OF THE BOUNDARIES OF THE CRA TO INCLUDE THE WEST GROVE AREA; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT THE AMENDED 2019 PLAN AND THE CRA'S RECOMMENDATION FOR APPROVAL TO THE MIAMI CITY COMMISSION AND THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR FURTHER APPROPRIATE ACTION. Information Department: OMNI Community Sponsors: Redevelopment Agency Category: Other Attachments Agenda Summary and Legislation 5957 Exhibit -SUB 5957 Exhibit 2019-05-30 5957 Submittal -Chair Russell -Letters of Support 5957 Submittal -Chair Russell-CRA Maps 5957 Submittal-Renita Ross Samuel -Dixon -Draft Petition Body/Legislation WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the Redevelopment Area it accordance with its approved Redevelopment Plan; and WHEREAS, on December 31, 2007, the City of Miami ("City"), Miami -Dade County ("County"), the Southeast Overtown/Park West Community Redevelopment Agency, and the CRA entered into an Interlocal Agreement, which provided, among other things, for the expansion of the boundaries of the Redevelopment Area and the extension of the CRA's life ("Interlocal Agreement"); and WHEREAS, the CRA had previously engaged PMG Associates, Inc. ("PMG") to prepare an Assessmen of Need Report ("AON") and provide an update to the 1986 Omni Redevelopment Plan that was amended in 2010; and WHEREAS, the Board of Commissioners of the CRA adopted Resolution No. CRA-R-19-0004 on February 19, 2019 approving the AON as required by the County pursuant to Resolution No. R-611-15; and WHEREAS, both the CRA and the City have previously adopted the Finding of Necessity Report ("FON") finding the West Gove Area to be slum and blighted and that (1) one or more slum or blighted areas or one or more areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, exist in the West Grove Area; and (2) the rehabilitation, conservation, redevelopment, or a combination thereof of the West Grove Area, including, if appropriate, the development of housing which miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi4G n =&I D=5957&CssClass=&Print=Yes Packet Pg. 82 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO residents of low or moderate income, including the elderly, can afford, is necessary in the interest of the u I health, safety, morals, or welfare of the residents of the West Grove Area, the City, and the County; and WHEREAS, the CRA has also prepared an updated 2019 Amended Redevelopment Plan, attached anc incorporated as Exhibit "A" ("Amended 2019 Plan"), outlining projects to be completed throughout the current life and proposed extension of life of the CRA to 2047; and WHEREAS, the Amended 2019 Plan, attached and incorporated as Exhibit "A," was created by PMG in cooperation with the CRA and input of stakeholders of the Redevelopment Area; and E WHEREAS, the Board of Commissioners of the CRA wishes to authorize the non-contiguous expansion L of the boundaries of the Redevelopment Area to include the West Grove Area; and Q WHEREAS, the Amended 2019 Plan, attached and incorporated as Exhibit "A," addresses the c requirements of Section 163.362, Florida Statutes, including but not limited to general design standards, zoning C and planning changes, land uses, demolition and removal of structures, improvements, redevelopment, rehabilitation, and identification of funding through possible public and/or public/private partnerships; and c WHEREAS, the Board of Commissioners of the CRA has reviewed the Amended 2019 Plan, attached a and incorporated as Exhibit "A," and pursuant to Section 163.361, Florida Statutes, adopts and approves the E Amended 2019 Plan; and WHEREAS, the Board of Commissioners of the CRA further directs the Executive Director to transmit the Amended 2019 Plan, attached and incorporated as Exhibit "A," and the CRA's recommendation for approval to the City and the County for appropriate action; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Board of Commissioners of the CRA accepts the Amended 2019 Plan, attached and incorporated as Exhibit "A," prepared by PMG. Section 3. The Board of Commissioners of the CRA authorizes the extension of life of the CRA to 2047. Section 4. The Board of Commissioners of the CRA authorizes the non-contiguous expansion of the boundaries of the Redevelopment Area to include the West Grove Area. Section 5. The Executive Director is directed to transmit the Amended 2019 Plan, attached and incorporated as Exhibit "A," and the CRA's recommendation for approval to the City and the County for appropriate action. Section 6. This Resolution shall become effective immediately upon its adoption. Meeting History 0TUrR 1 Jun 13, 2019 9:00 AM Community Regular Meeting Redevelopment Agency Note for the Record: For additional minutes referencing Item RE.1, please see "Public Comment On Agenda Items." Board Member Reyes: Mr. Chairman? Chair Russell: Yes. Commissioner Reyes. miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi47=&ID=5957&CssClass=&Print=Yes Packet Pg. 83 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Reyes: I know you were expecting me. I know you were expecting. I must congratulate you. You did a wonderful speech; very emotional, appealed to the emotion; still, some guilty -- some guilt in the people's -- in the voters' mind that we don't care if we don't vote in favor. And also, you mentioned that this and -- that there was a resolution that was unanimously passed b) this board, and that is not totally correct. When that motion, which is RE.3, 2916, when it was presented, I was opposed by the sam( reasons that I am going to express in a little while. And what we voted for -- my vote was for a study, because I presented -- it said "Note for the record: A motion was made by Commissioner Reyes, seconded by Commissioner Carollo, and was passed unanimously directing the City Manager to begin an in-house analysis to determine which areas within City will qualify for inclusion within the expansion of the Omni CRA boundaries; further, directing the finance to be presented to the City Commission within 30 days of the review" -- "for review." I have a memorandum, an interoffice memorandum from the City Manager in which it concludes that b) looking at all the census tract, 80 percent of the City of Miami apply -- I mean, qualifies for an expansion based on slum and blight +, or need, or more on income -- see? -- on income; 87 percent. And says, "Therefore, in theory, if the West Grove area is dividing line between what will be, and will not be eligible for inclusion in CRA, a point that could be debated, then 87 percent of the entire Citi, E could be designated eligible." So I wanted to clarify that point, because you made it as if we made a decision, and then we will -- i d we don't vote your way, we are going to be going against our own decision. It wasn't so, I mean. So it was not totally factual, wha L you were saying. Now, you know how I feel about CRAB. And if -- I have said it many times; I was part of the first CRA that wa! Q established in the City of Miami, and probably say that that CRA still in place, because it's needed, because the reason for a CRA is tc promote development; it is not to perpetrate itself, and provide a piggy bank for the district Commission to redirect the funds t< C other places. It is made to be born and sunset once the -- what was expected from it is fulfilled. The Omni CRA at this moment, it r L very, very rich. It has been misused before, but extending it to another area, in the first place, I don't see -- I don't think yet that i +; will be approved either by the State or by the County. So I think that it's wrong to raise hopes that -- the people that are hoping tc 5 receive immediately -- when the CRA is extended, you're going to receive some funds. That's not the case; it is not. It is very, verb O popular and populace [sic] to say that, but that's not the case. That is not the case. I want to make sure that everybody understan( that the extension of the life of a CRA has to go through a process. That process is first the City Commission, and then the Count) y have to accept it, and the State has to accept it, also. You see? I want you to understand that. Also, when we are -- we are usin< E slum and blight very loose. A parking lot -- a surface parking, it is not slum and blight; it's a parking lot, like they wanted us tc believe that exist in -- next to the school system. An empty lot that is very well kept, it is not slum and blight. See? Now, if we are going to extend the CRA to West Coconut Grove, because it is under development pressure, there is no other area in the City o E E Miami that is more under development pressure than Little Haiti. We have right now three -- at least three SAPs (Special Area Plans that they are going to displace, and they are going to -- I mean, development, it is tremendous, tremendous, and it's going to affec c all the character of that region. Also, I want everybody to understand what is happening here. The CRA, what it does, takes all the 0 tax increment that has been generated by additional development and keeps it for further investment in infrastructure, and makine m the area more attractive for development; that boundary that has been placed around it, so they keep reinvesting in the same place .. What happens? Those additional taxes remains within those boundaries. And those additional taxes, they will not do what every othe c-4 part of the City does; that they distribute the taxes according to the needs of the other neighborhoods. You see? Everything remain: 00 there. Now, that doesn't give the Commissioner or anybody else the right to take those additional taxes and direct it within their district, and try to develop or invest in their district -- his or her district at the expense of the other areas that they also needs it a See? I think that we shouldn't set that precedent here, because if another CRA comes in, and the Commissioner says, "Well, it's m) Y own piggy bank." It's not to be used as a piggy bank. Nobody owns that. That's people's money. Now, I do understand, and I do v understand that the West Grove is in need of help in assistant, development, and all of that, but I'm going to read some statistic: m that is going to prove that there are other areas, that they need those funds, also, but that's why I am against extending the life o the CRA, because I think that the role of a city is for affluent areas to help the less affluent areas; building better roads, better police protection, and increasing the quality of life of the rest of the population. The West Grove, according to -- and I'm going to show the 0 - I'll present this -- the census tract. It has a population of 2,907 people. The median income is 55.47; the poverty rate is 34.7 0 unemployment rate, 22.40. But then we have another area that has been totally neglected also that needs a lot -- no (UNINTELLIGIBLE) -- needs more help and needs a lot of help that is called -- (UNINTELLIGIBLE) many people tend to forget that it called Liberty City, Liberty City. And listen to this. Liberty City, it has an unemployment rate of 30 percent; it has a poverty rate o rn CD 64.30 percent; and the median income is $18,000 -- see? -- with a population of 4,101. Then we have other areas as Auburndale w which was picked randomly, which is -- for those of you is in the middle of Little Havana, it is on Flagler, between 27th and 37th. An( that Auburndale, it has an -- unemployment rate is 21 percent; a poverty rate of 36 percent more than Coconut Grove, and medium c income of 47,000 -- see? -- a population of 6,868. Allapattah, which is another of our neighbors -- neighborhoods, Allapattah. YOL 0 see? It has an unemployment rate of 18.70 percent; a poverty rate of 39.80, close to 40 percent; a medium income of 47,000, an( V population of 5,413. And Little Havana, Little Havana -- see? -- which is another of our neighborhoods that needs assistant [sic] an( N needs help, and we be deprived from the funds of the CRA that is going to be kept there and to be used at the will of the 0 Commissioner or the board. You see? That is my opposition to it. If we go to Little Havana, with a population of 6,435, there is < N medium income of 32.01, and a poverty rate of 53.50 percent. You see? That is very telling. You see, what I'm trying to say is this: I you believe that by extending the life of the CRA and extending it to Coconut Grove that your quality of life is going to improve m tremendously and you're going to receive cash, that's not the case. I don't know if it is legal to transfer funds from one CRA that i. established to one that you want -- I mean, you want to increase the boundaries of the CRA. I don't know if it is legal. The last tim< n that I read, it says that if you want to extend the boundary of the CRA, you have to start the process all over. And if the process i<. N 00 going to be started all over in that area, which is the Omni area, it won't qualify now for a CRA, because there is no blight and slurr rn there; just a little tiny bit that should be included into the Overtown CRA. I know, sir, that you are laughing, because I know what yoi 00 want. You want this piggy bank to be yours and you do as you please, and you do -- I mean, you use this pulpit in order to appeal tc c the motions [sic] and make us feel guilty. I'm talking facts. I'm talking facts. The money that is -- that's -- remains in that area of th< 4) E Omni area, those funds are funds that they are not used in other areas of need. And the purpose of a CRA, it is to foster and promot( development, and the development at the -- in the Omni area at this moment, it is market driven. You can do or you can sa) whatever you want, but those are the facts. And these areas has as much right as -- to have some of those funds as Coconut Grove as Liberty City -- see? -- Little Havana; all of them should be taken care of. And that's why I cannot support this. I cannot suppor Q the extension of the CRA. I cannot support it, because I think that goes against the principle of the CRA. I think it is going to bf misused. And I believe that other people that live in a high -poverty areas, where the level of poverty, it is substantially higher, tha they deserve, too, a little share of the wealth. Chair Russell: Thank you, Commissioner Reyes. I absolutely agree with you on the need in other parts of the City, and it is very true and I look forward to working with you on how we address that. And I apologize for my smile. I was simply just hearing the facts an( recognizing that the facts are wrong. Noncontiguous expansions of CRAB are well-precedented and documented and legal within the State of Florida, and the Redevelopment Plans of those CRP„sQcreate separate chapters on how those budge miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosittiionn=&ID=5957&CssClass=&Print=Yes I Packet Pg. 84 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 2.1.b transferred, created. Pompano CRA: multiple CR -- one CRA, noncontiguous expansion; Key West CRA, one CRA, Wont expansion. Board Member Reyes: I said (UNINTELLIGIBLE). Chair Russell: The West Palm Beach CRA -- Please, let me finish. Board Member Reyes: Long time ago. Chair Russell: West Palm Beach CRA, separate areas, because under one body, under one body of management and one budget, yoi can address separate areas. You don't want it contiguous where it includes parts that don't deserve to be in that CRA, because ther some of the misuse can start to happen. And finally, this one is in Tampa, where you can see they've recognized and pinpointec y where the need is, and they have a noncontiguous expansion of the CRA. And the other fact that is incorrect is that there is no L remaining blight and slum in the Omni area of this current CRA that requires extension. This CRA did not do its job for decades. Unti Q this new board was formed that we are on now, that Omni CRA did not produce one unit of affordable housing in all of its time. I must have its extension to do the job that it did not do before. And if you drive through there, despite the wealth on the east side there are many, many blocks of complete blight, of slum; single-family and duplex homeownership that need help. There are histori O properties that need help. And so, this Omni is certainly is one to (UNINTELLIGIBLE), and that would be my argument. I only brinc y your attention to the Miami Herald Editorial Board's call to action this past week. The need is there, but the resources are not. HUL (Department of Housing and Urban Development) has failed us. CDBG (Community Development Block Grant) has failed us. ThE 0 Sadowski Fund has failed us. What will cities do to step up and do what they can? This is us getting out of our comfort zone ant taking action on affordable housing. And so, that's why I believe this is the right thing to do. Further discussion, gentlemen? E Board Member Carollo: Chairman? CD Chair Russell: Yes. Commissioner Carollo. Q Board Member Carollo: How many years does the present CRA have? U Chair Russell: If you could speak up, Commissioner Carollo, the Executive Director will address your question. a) N Board Member Carollo: Okay. How many more years do we have before the CRA time frame expires, since we hav( N N (UNINTELLIGIBLE)? Is it'29 or--? ao Mr. Walker: 2030. CL 3 Y V Board Member Carollo: 2030. m Mr. Walker: Yes, sir. M C Board Member Carollo: So we have about 11 more years. Mr. Walker: We have about 11 more years, but the capacity for borrowing has been maxed out with the Miami Tunnel and with the 0 U) Performing Arts Center, and some of the -- we're doing the last -- CD W Board Member Carollo: Don't forget Maurice Ferre Park, the little $2 million a year that you seem to forget. O Mr. Walker: Yeah. We addressed that in the plan. V 0 N Board Member Carollo: The -- well, you mentioned that you owe it, but you don't mention how you're going to pay it. N co Mr. Walker: If the extension is granted today until 2047, that opens up the capacity to borrow money to pay for it. m c Board Member Carollo: Commissioner, are you in favor of that? N W Chair Russell: Yes, sir. The current Redevelopment Plan, as drafted before -- not the current -- the draft Redevelopment Plan set: a) aside $10 million specifically for Maurice Ferre Park; am I correct, Mr. Executive Director? a; C Mr. Walker: Correct, sir. E s Board Member Gort: $10 million, yes. Q Mr. Walker: It's $10 million. Board Member Carollo: That's what you owe, but there's a total of 30 million altogether in the deal that was done between the County, the CRA, and the City. 2 million a year -- Mr. Walker: And that was on -- that was based on a $68 million park being built. Packet Pg. 85 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi4� n =&I D=5957&CssClass=&Pri nt=Yes 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Carollo: Yeah. Chair Russell: So -- and just so I could address that, Commissioner Carollo. You're absolutely correct. The board of the CRA chose t( redirect those funds toward affordable housing, with the $100 million obligation as a policy decision, which has not been taken up b) this board at the City, and this document today and our actions today could actually settle that disagreement. That would put $1( million toward that park, which I believe is sufficient to really address that park, and then the remainder would go toward affordabl( housing. Board Member Carollo: Well, first of all -- and I'm trying to work with you. I don't want to give you a hard time. Chair Russell: Thank you. Board Member Carollo: I really don't. So that's why you see me asking questions very low, even though my other colleague, yo( know, gave a pretty strong argument for another point of view. But as you said, it was a 60 million not -- which was 30 years, per million per year, correct? Mr. Walker: The initial deal was -- the City of Miami would build a $68 million park by 2012. And after that $68 million park was buil in 2012, the CRA would then contribute $2 million a year after that for the capital improvement of that park. Board Member Carollo: Right. For how -- Chair Russell: 15 years, though -- Board Member Carollo: -- many years? Chair Russell: -- for 30 million. Mr. Walker: For the end of the CRA at 2030, so it would be -- it wouldn't -- the park -- Board Member Carollo: It would have been for 15 years. Mr. Walker: -- was not completed in 2012. The park was CO'd (Certificate of Occupancy), I would say, in 2015. So it would have beer from 2015 to 2030, which would be $2 million a year; $30 million. Board Member Carollo: $30 million, okay. So we're talking about the same thing, 30 million. How many years are you in arrears righ now? Mr. Walker: We're at four years -- well, we sent over 2 million three years ago -- or two years ago. Board Member Carollo: Well, the problem with 2 million, for the most part, it's been parked in the City's coffers. It doesn't get sen over there. Mr. Walker: Yeah. The agreement is to transfer it to the City. Board Member Carollo: And then the City wants to hold onto it, for whatever reason. But what I'm looking to do is -- you hear( Maurice Ferre himself, the last time he addressed us, say that he was in favor of filling in that slip so that that park cannot onl) become bigger, another 10 acres, but that you could actually then make it into a workable park with the museums; it would connec to Parcel "B", to Bayside, to the Arena, to Bayfront Park; and then, with the amendment that we passed recently, underneath th( bridge; we're connected to the Omni, and then it could be all connected through the Miami River, but that slip right now is preventin( all that to happen, and it's preventing that whole park to being opened up, just like it did for years; that's why Bicentennial Parl failed when we created it here years ago. And on top of that, it's going to give us about nine and a half more acres; then you got tw( little inlets on the side that will give us another half -acre, so we're gaining 10 acres of prime waterfront property that will be fo parkland and parkland only that we need, so we could make that into a grand park. So that's one of the reasons that I'm pushing fo those dollars, so that all of us could leave that for this generation of Miamians, and frankly, greater Miami, because Maurice Ferr( Park, together with Bayfront Park, these are the prime regional parks that we have not just for Miamians and downtown Miami, bu for greater Miami, all of Miami -Dade County, and this is a legacy that we could live for future generations. Sir. Mr. Walker: Yes, sir. And I'm glad you brought that point up. We listened to you. We were watching that meeting in our office, an( one of the things that we added in the redevelopment -- this draft Redevelopment Plan, if you see on Page 72 of the Redevelopmen Plan, there's actually a full paragraph on the FEC (Florida East Coast) slip, and it says that, "This area south of Maurice Ferre Park which was once a deep -water slip, is currently underutilized. The CRA should work with the City to determine the slip's future, an( should participate in any costs associated with filling in the slip or activating the area;' and it goes on. So that -- funds -- we put tha in there so that future funds can be dedicated, if need be, for that purpose. Board Member Carollo: And my question is -- I heard the Chairman say and you, that you put $10 million, but right now I thinl what's owed is maybe 6 to 8. I don't have the exact amount before me, and my memory's not as good as it used to be. I'm not a! young as I used to be. But the -- and Gort's laughing here -- are you anticipating to be able then to pay off the monies that are du( us and then $2 million a year so that, if need be, we could borrow money to do whatever we need to do to finish that park base( upon the monies that we will get? miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi50n =&I D=5957&CssClass=&Pri nt=Yes Packet Pg. 86 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Mr. Walker: Correct. And the $10 million, we hope to just get rid of that off the top, and that would not be included in any -- we're not anticipating that. That's a part of the FEC -- Board Member Carollo: Okay. And then the other, you will be paying on a yearly basis (UNINTELLIGIBLE) 2 million? Mr. Walker: No. We -- our anticipation with the Redevelopment Plan is to pay the 10 million upfront, I believe, after this plan i passed. Board Member Carollo: The 10 million, yeah, but -- Mr. Walker: Yes. Board Member Carollo: -- the whole deal was for 30, and all that we've gotten ever is 2 million transferred -- Mr. Walker: Well, that's -- Board Member Carollo: -- and only a fraction of that has been sent over. Mr. Walker: -- 2 million, plus the 15 million in environmental remediation that was done prior to that. So actually, the CPA has almos spent $30 million in the park. Board Member Carollo: Are you -- you know, you're going to have to forgive me; I didn't take my smart pill today. Your mom, asl her, she'll tell you what that is. So you're going to have to outline that for me in writing to really get me to fully understand this Look, I know that at the end, if we approve this, it depends on others to also approve it. So that's out of our hands, whether they do or whether they don't, if this is approved. I know that in my district, in portions of it, like Commissioner Reyes pointed out in Little Havana, the needs are huge. And that's an area that's been ignored for so long. I'd like to take you, Commissioner, so you could see how some of our parks are. Jose Marti Park -- that for Cuban -Americans, that's like having a park named after George Washington Martin Luther King; great American patriots -- that park is deplorable; grass dying all over the place, tiles in the main outdoor facility all broken, the walls unpainted and stuff coming out of them. I mean, deplorable conditions. I come here in Coconut Grove, and I se( parks that -- I mean, they're storybook parks. Why do we have parks like that in one side of the tracks, then the other side, where you basically have people now that are new immigrants --? -- the Cuban population is not as large as it used to be. You basically have the elderly Cubans, new Cuban arrivals, but then you have a huge -- which is a majority of the population -- Central Americar population; a lot of them are not here with legal papers; they don't understand our language and much other, so they can't defenc themselves, like other parts of our City. And now you have a newly -- emigration of Venezuelans that are coming into that area o Little Havana, fleeing tyranny. And just because those people can't defend themselves, we should not give them parks or service like that, and these are the problems that I have. Look, I don't want to take from one area that's in need just to give to another. So, yok know, we're throwing a piece of meat, and we're all going to be fighting over it. I don't think that's right. But we also have to look a other areas that are in vital need. From the numbers that I was hearing from Commissioner Reyes, that -- I don't doubt Liberty Cit) is the area that is most need; Little Havana is second, and not all that far behind Liberty City. So we have to find a way to help thes( other areas also in the City of Miami. But what I really need so that I could feel a lot better in sticking my neck out on this one, need for you to lay out for me in writing the financial part of what -- how you're going to resolve the agreement that's still in force because you would require not just the CRA, but the City of Miami and the County, most of all, to open it up again and change it otherwise, it's a binding agreement. I want to see -- I heard 10 million, but we also know that there's another 30 million. Then heard a lot of talk that got me confused. So I want it in writing, because I'm somewhat good still at math. I could add two plus twc and get four. When I don't get four is when I have problems. And I'm not seeing the four after the two plus two here. So I want tc see that in writing for me to be able to go forward with this. I'm not asking for much. Chair Russell: I understand. No, the -- Board Member Carollo: You could bring it back if you like. I just need to see what we're really getting out of here for that expansion. Chair Russell: And I'll clarify it for you. The two that's already been given, the 10 that will be -- come from this -- Board Member Carollo: Yeah. Chair Russell: -- will leave a $17 million shortfall from the $30 million obligation that you're speaking about, so it's a $17 millior difference. Board Member Carollo: No, no, no, no. Board Member Reyes: No, no, no. Chair Russell: Am I wrong? Board Member Carollo: 2 plus 10 is 12; it's 18; $18 million shortfall. You lost a million there. Chair Russell: I was trying. No, you're right; bad math. Board Member Carollo: I (UNINTELLIGIBLE). `ti miamifl.igm2.com/Citizens/Detail_Legi File. aspx?Meeti ng I D=2380&Med iaPosition =&I D=5957&CssClass=&Pri nt=Yes Packet Pg. 87 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: I apologize. But yes, that's the difference. And this is an offered compromise, because we don't believe more than 10 million is probably needed from the CRA to make Ferre Park what it needs to be. What the Executive Director was saying, that if the City decides to move forward with action FEC slip, that would be above and beyond the 10 million that's being promised for Ferr( Park. Board Member Reyes: May I make another comment, please? Chair Russell: Yes, Commissioner Reyes. Board Member Reyes: You see, I was referring myself to the need for -- from other areas. And I said, infrastructure, streets, and -- got my map here. This map. This is all the streets of the City of Miami. And if you look at the streets of the City of Miami, this arez over here has Flagami. You see those orange streets [sic]? They are in dire need of resurfacing; full of holes; but, you see, Coconu Grove, they don't have it. You see? Omni doesn't have it; they're all green. You see? What I'm saying is that we need those funds tc spread the wealth. Let's help the other areas that they are in need. Liberty City. Look at Liberty City. You see? That is what I'nr referring when we don't have enough funds to provide with a better quality of life to our residents in areas that they are low income because all these -- the areas that I referred to are low income, and we are using the CRA as a piggy bank that it could be used an( the funds directed to projects and all of that. I am -- Chair Russell: Thank you. Board Member Reyes: -- totally opposed to that. Chair Russell: Thank you. Board Member Reyes: I think that we have to think about the City of Miami as a whole. Chair Russell: Thank you. Commissioners, I'd like to take a break for a moment; we have to recognize several State legislators whc have come today to address us. They had a time certain of 10:30 a.m. to give us an update on their efforts in the State on behalf o the City of Miami, and I certainly want to thank them for their efforts with regard to CRAs. They've helped CRAs survive and becomf better and -- rather than be abolished. Mr. Clerk, what do we need to do to hear from these representatives in terms of the tape an( the record? Todd B. Hannon (Clerk of the Board): We need to recess the Omni CRA and go back to the regular City Commission meeting. Chair Russell: Is the will of this Commission all right for that? Board Member Carollo: There's a motion. Chair Russell: All right. I will -- no motion necessary, but we'll recess this meeting for the moment. We'll open -- Mr. Hannon: Give me two minutes. Chair Russell: -- the City meeting just to take up the -- Later... Chair Russell: Thank you very much. Later... Chair Russell: Which leaves us with Items 1 and 2, the extension and expansion of the Omni CRA. We've heard from the public, anc we've had somewhat of discussion from half the dais. I'd like to feel where our body is, and then take action, so we can move forward. Thank you. Vice Chair Hardemon: One thing I will say, Mr. Chairman, is that Commissioner Reyes brings forth an interesting argument in the co sense that he said that about 85 percent or so of the City would qualify for a CRA; and certainly, that's not the intent of this body, tc 0) create a CRA for 80 -- if you created a CRA for 85 percent, essentially you've created another (UNINTELLIGIBLE) -- Let me just keel a ; it to myself. But I will say that that wouldn't be the intention. There are certainly other areas in the City of Miami that need significan improvement; you know, investment in housing, investment in streets and infrastructure. Part of the reason, for instance, on 7th E Avenue that we don't have enough restaurant space is because of the infrastructure. And who's coming first? I mean, is a smal business owner going to come first? Probably not, because he can't afford to make the sort of investment in the infrastructure an( M start a new business, and construct a building, and, and, and. And so, when I think about areas like the Grove, I don't think about ar Q area that's necessarily in need of a significant investment from the private sector for commercial spaces or restaurant spaces, e cetera. The people that live in the Grove have easy access to the Grove area, where there's a significant amount of restaurants that love to travel to that is unlike places in Overtown, for instance, which makes me think about why we did the whole bond passage. Yoc know, part of the bond passage was about investing dollars in real estate; especially affordable housing, economic development, in al of our districts, where it made sense, because that immediately gave us some funds, capital that we can invest in those spaces because we realize that creating a CRA in all these areas was not the most opportunistic thing to do, or feasible. And so, here we are talking about an expansion into an area where the property values are significant, where there is high ownership of properties. It" - not like a high rental area that the people who live there, who are, for instance, the people that we're trying to assist -- I always think about the people -- when we say we're trying to assist nple from a community, I think about the peopl miamifl.igm2.com/Citizens/Detail_LegiFile.aspx?MeetingID=2380&MediaPosition=&ID=5957&CssClass=&Print=Yes I Packet Pg. 88 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 2.1.b there, so either who own property or rent property in the area. And so, the question is, how does a CRA become bene resident who's been there for -- their family's been there for a hundred years, like some of the individuals that are here? What can a CRA offer them? Well, we know that CRAs can renovate properties that are in dire need of renovation, but so can the bond issuance We know that the CRAs can help create new affordable housing, especially if they own land. I don't think we own any land -- the Cit, owns any land there. So it -- we're kind of bootstrapped with this, but I will tell you, though, I admire the effort. I think that a lot o the people who live in the Grove as well -- especially the property owners there -- are or have access to people that are savvy enough to take equity out of their properties to make renovations as well. I mean, the -- even just the value of the land is significan{ in the Grove area. You know, I've been a fighter for CRAB for -- since -- well, since the time I've come in, and we've been persecute( for that. And I'm happy now to have a Chairman in the Omni that believes in pushing the envelope; you know, doing what he car within the State Statute to make it something that these areas can benefit from. When I think about areas like -- as was describe( earlier -- Little Haiti and Liberty City, there -- I mean, in Little Havana. I mean, (UNINTELLIGIBLE) -- I mean, there's significant need C When you actually go to these homes, knock on the doors, walk down the streets, you realize the needs that are in these areas. An( 0) so, it makes -- you know, these are hard decisions when it comes to, "Do you expand the boundaries of a CRA to include areas in on( y way, and others where you do not?" And it is true that the Overtown CRA was expanded, but it wasn't quite expanded in the same L way. (UNINTELLIGIBLE) the new area that it was added, of course, as a tax burden to Overtown, which means that that it actually - Q it doesn't add any more benefit necessarily to the space. It's not giving us an increase in TIF revenue that is significant, as if we wer( _ adding -- for instance, if we were adding a more revenue -producing area. But I will say that, even still, adding -- the one thing abou expanding the boundaries of a CRA is that it will collect tax revenue, and the board is going to decide where that money is going t( C be spent, and that's the part that brings me a bit more comfort in understanding that -- you know, I hear residents saying, "Well y what's the plan? What's the plan?" And I remember when we were passing the bond issuance, and the first thing I used to say was c "Well, the first plan is to get the money, and then the second plan is to get the money." And what that means for an area like this is 0 that first you have to secure the expansion of the boundaries. And once you're able to say, "Okay. Well, these are the dollars that ar( going to be used to help revigorate [sic] the extended boundaries of the CRA;' then you have to decide again, "Okay. What portion o � those dollars or new dollars, or whatever dollars you already have, are you going to use to bring a spark to that space? And wha E does that spark mean?" And I think those are all discussions that are going to have to be had right here on this dais in the Omni CR/ -0 meetings. And I think those are very important discussions to have, because as we know it, not one red cent is going to be spen y unless we all come -- well, unless there's an agreement from the majority of the board members sitting here that this is how th( E money should be spent in these areas. And so, I'm sure that there will be an influx of ideas on how to spend the money. I don't thinl Q we're going to outpace private -- the private sector, though, so if you're -- if the goal is to outpace the private sector and who': buying and selling properties and how they make their renovations, I don't think that Government is equipped to outpace them. It': 0 just not set up that way. But it certainly would -- this -- if we are to expand it, it will create the funding necessary to assist existin( m homeowners, to assist existing businesses, or even -- you have some churches that may own lots of property and may want to treat( N some affordable housing. They could -- and so they could encroach on some of their property to create housing options for those it .. the community. That certainly is something that can be done in many different ways through the CRA; also through the bon( 00 issuance, but the bond issuance may be a little bit slower, because it's implemented in phases. So because of the nature of what th( 00 ask is and what we're trying to do, and understanding that this immediate action does not guarantee the funding being spent < v certain type of way, I'm willing to support the expansion of the boundaries to include the West Grove area, but I -- you know, I'm jus CL like everyone else in the sense that we're a bit skeptical in the sense of how -- where we're going with things. But then also, just tha v sense of feeling I think that the other Commissioners feel, which is, why not my space? Why not this space? Why not that space? An( m I mean, that was your argument, Commissioner Reyes, when you made -- regarding parks in your area a few meetings ago, so - and, you know, you wanted some money for it, and I understand that. I understand when someone says, "Hey, man, I have a really r- big need here;' and I think that we as colleagues have to do whatever we can to kind of assist in that need. But I would tell you - M and just because I -- I'm speaking in truth, right? -- that the Grove is a funny area. I mean, it has homeownership. It has some nic( r_ housing. It has some housing that's not so nice. The people who were there are proud people. Many of them don't sell their property many of them do. All have the right to choose one way or the other. And part of the discussion that we have here as a Commission i; -- that really alarms me, I think that all the Commissioners speak to is how far does the Government go in infringing upon their righ N to renovate their existing properties, setbacks, et cetera? And these are discussions that we've already had. And I think, you know that's -- that discussion is more alarming and shocking and worthy of more due consideration than necessarily this. And so, yo( know, I'm willing to do this, because I realize that there may be some opportunities that may -- that become available. And if ther( are, we take advantage of them. If there are not, then we do not. The one thing I will say is that these CRAs will come to an end, an( C hopefully, we will have made an impact in them. And I just don't think that we're going to make an impact in an area like that that i< V -- that outpaces the private sector, because if I could get some people to move into -- if I can get market rate people to move int( c Overtown, that would be something special, because it's something that the area needs. So that's all I have to say. o Chair Russell: Thank you, Commissioner Hardemon. At the moment, the motion that's happening -- a movement that's coming int( the West Grove is mostly on the northern and eastern side; the devastation, the displacement, and the land banking is happenin( throughout, but the market hasn't felt comfortable to go be -- much beyond McDonald Avenue, where the CVS is. So they're makin( a long play to just grab the land now, demolish the homes now, and people are getting, you know, under -valued offers for their property. And so, because of their own financial situations, they take those. It's not necessarily that they're having a successfu payday, cash out lottery ticket. We're not in that situation yet in the Grove. And as you can see if you drive down Grand Avenue, i looks like Sarajevo. I mean, just bombed out buildings getting knocked down. Many of the people that weren't here today were her( in the first round a year and a half ago to speak on behalf of this effort, and they're not here today, because they've been evicted and they've gone into the County housing system, and they've been scattered with the winds, they've been split from their families they have to commute now to their job and to get their kids to school. There is an urgency here, and I know those faces that we'r( missing today, and I know where they are now. So I'm dedicated to this. This was -- The very first thing that I said to anyone tha asked me from the press when I became a Commissioner, on the very first interview, that I wanted to reform CRAs, and I wanted t( bring one to Coconut Grove, and I believe there is a need, and I believe we have a chance. So I thank you, hopefully, for you support here today. Vice Chair Hardemon: And Mr. Chairman, if I can, before you -- just something really quick. Chair Russell: Yeah. `timiamifl.igm2.com/Citizens/Detail_Legi File. aspx?Meeti ng I D=2380&Med iaPosition =&I D=5957&CssClass=&Pri nt=Yes Packet Pg. 89 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Vice Chair Hardemon: The -- and that's the part as well. It's like a lot of the people that we discuss when we talk about being moved out of areas, many of them are renters. And, you know, when you sign a lease, you sign a lease for a year. And in these areas -- I mean, I have family in Liberty City that they've signed low-cost rents, and they've done it for 22 years. And there's a -- and these ar( not people who are necessarily -- they're not poor people. They have pension that's going to be coming to them. They have jobs They just made the -- I -- what I think, in the circumstances and the facts pertaining to them, a poor decision when it came to their housing. And so, if we're talking about creating affordability in rental, you know, rental units with, for instance, the churches, then think that's something that we should talk about, because then you can actually touch the people who were moved out and brin( them back, if that's the goal. But certainly, you know, once a property is sold, and it's up to that homeowner now if they want to ren it or if they want to actually live there. Chair Russell: Thank you. Commissioner Reyes. Board Member Reyes: Commissioner Hardemon, I think you hit it right on the head -- the nail right on the head when you said, or 7th Avenue, we don't have that many businesses. You see? I remember back in the -- when it was -- the Commission seat wa! citywide. I -- one of the many campaigns -- and I had many -- for City of Miami Commission, I opened up a headquarters on 7t[ Avenue and 53rd Street -- no, 55th Street, just by (UNINTELLIGIBLE), just by (UNINTELLIGIBLE). I opened up a headquarter there and I walked all Liberty City. I did walk, and I knock on all the doors. And one thing that really bothered me that if a lady wanted t( buy a nice dress, you have to go, at that time, to the Omni; that was the next shopping center, or go downtown Miami, because a the time, they had store there. And I always said, "Why?" Why don't we have a movie theater? Why? And that was my concern. Why' Because we have not developed the infrastructure. And what I want to see is that those funds that are now generated -- that are being generated by the development in the Omni area, as well as Biscayne Boulevard, that we use that -- those funds to improve th( infrastructure in 7th Avenue; improve the infrastructure in Northwest 17th Avenue or in Little Havana or the streets of Flagami. See' What you said, "Well, it's going to be generating." If we are going to carve only out what is called the "Black Grove;' and that's goinc to be the extension, they're not going to produce any additional money. But it's going to be a transfer, a total transfer, of the revenues or the additional -- or the TIF money from the Omni area directly to that, and that's what I am opposed. See? Chair Russell: That's not the plan. Board Member Reyes: It's not the plan? Well, the only way that you will do that is if you say, "Not a single penny from the Omni i! going to go there." And if that is the case, you won't have any money there. You see? I mean, that is what it is going to be, and think it is wrong. I think that it's wrong. I really want to help the Grove. I want to help Liberty City and also Little Havana an( Flagami and Allapattah, but I think that we will have -- we have to use those funds in a way that -- where they are most needed. think they are more needed in areas that they have a higher poverty level. You see? Not that we are going to turn our back there See? And when you talk -- that the market pressure builders -- there's no place in Miami that is more pressured by developers thar Little Haiti, than Little Haiti -- Chair Russell: Thank you. Board Member Reyes: -- with all those huge developments that they're going to come there. So that's why I cannot Chair Russell: I understand. And -- Board Member Gort: Mr. Chairman? Chair Russell: -- I would just like to address -- just a moment, please -- this -- There's a misconception that this is only being create( as a vehicle to transfer funds from the Omni area down to the Grove. That is absolutely incorrect. The Grove section of this CRA wil be able to stand on its own two feet. It cannot on day one, and if left to its own devices as a separate CRA, it would not generate th( TIF in time to address the needs that we have. But the goal is not to bring down the funds of the Omni CRA and drain that account Anything that transfers down to kick start this area will go back, and I believe will go back tenfold, because as Douglas Road, Gran( Avenue, and US 1 develop, and the Bird Road area develops, there will be significant TIF developed within the Grove area to mak( sure the books are balanced. Commissioner Gort. Board Member Gort: I'm sorry. You guys weren't here when I spoke, but I'm going to try to be brief, because we've been at this for < long time. But I think you have to recall, I was the first elected citywide in 1993. Before I was elected, I was able to create a lot o affordable housing in Little Havana and Allapattah through non -for -profits; I was able to do -- maintain ownership. And the one thin( we talked about -- we have to remember -- you remember it, because you were a part of the first CRA that was done in Overtown - it could not stand by itself. Board Member Reyes: No. Board Member Gort: We had to expand it, and utilize the west side, because that's where the building where they're creating that. S( t what's important is the Omni CRA, the first original funds was allocated according to where the people wanted at that time. Th( v people wanted to see the tunnel. The people wanted to see the park. The people -- and we can see the improvement, because yo( guys know the neighborhoods, what Biscayne Boulevard used to look like; what Biscayne Boulevard looks today; how many building! Q has been built there that producing the funds to help other locations. So that's the reason why -- And going back to -- I was part o the -- back in the '80s, as was stated here before, I was part of the Gibson Foundation. And the Gibson Foundation, through the heir of all of us in creating a good team, was able to create a facility that's got education, that's got health, and it's got affordable housing, and this is the things that we need to do. We are working -- the whole City, we all know all the problems that we had, an( we're trying -- the main thing we have to maintain is homeownership and create jobs and train people, because let me -- the industry changes constantly, because a new (UNINTELLIGIBLE) that come out, people has to be trained for the changes that are taking place in the industry. A lot of individuals are not qualified for -- that's why I put a lot of my money in education; not only college education, miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi54 n =&I D=5957&CssClass=&Pri nt=Yes Packet Pg. 90 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 2.1.b but trade school. A lot of trade schools that make a lot more money than Bachelor. So that's the reason I'm going Lo (UNINTELLIGIBLE) first. I think I'm going to vote for it, because I think it could be the right thing to do. Board Member Reyes: The only thing, if I can answer -- Chair Russell: Commissioner Reyes. Board Member Reyes: -- what I want to correct is that the CRA -- the Omni CRA was developed just like the Overtown/Park Wes Redevelopment was created. We included Park West, because Park West was the vehicle that -- I mean was -- where the - development was most logical that there was going to happen, and use that tax increment fund in -- with Overtown, which was the most needed place at the time, the most needed place for the development; we use it. But what we're doing here is -- and the Omn 0 CRA was created to promote -- I mean, to provide the infrastructure for development in that area. Yes, sir. They had been used it d many, many ways. I know you -- take Northeast 2nd Avenue, it's totally different than it was before. Yes, it has accomplished it: L goal; accomplished its goal. Now it is not fair to just say, "Okay. I'm the Commissioner of this CRA. Now I'm going to expand it tc whatever I want, so I am going to use the tax increment funds in another part of my district;' and that makes me very -- Q ia c.� Chair Russell: Thank you. Let's focus -- O L Board Member Reyes: --very, very -- O Chair Russell: -- because we have repeated this point -- Board Member Reyes: No. We have -- E C Chair Russell: -- quite often. CD E Q Board Member Reyes: -- to spread the wealth. No. c O Chair Russell: Thank you. All right. So let's bring this to a close. Is there a motion on Items 1 and 2 of the Omni CRA? U a) Board Member Carollo: Purpose of discussion, is there a second? Second. N w Chair Russell: There's been a motion by Commissioner Carollo; second by Commissioner Gort. a 3 Barnaby Min (Deputy City Attorney): Just a reminder, Commissioner, I believe RE.1 is to be as amended with the Redevelopment Plar v for additional funding to the Bayside Foundation. m Board Member Gort: Yeah. I requested -- r_ M Chair Russell: Yes. We have a few -- probably a few amendments will -- c O 3 Board Member Gort: -- (UNINTELLIGIBLE). N 0 Chair Russell: -- come into play, so. W c Board Member Carollo: Whoa, whoa, whoa, whoa, whoa. What funding would -- where's the funding going? V Mr. Walker: On Item Number 1 -- O N O Chair Russell: It was an ask of Commissioner Gort. He'll explain it. N Board Member Carollo: Okay. 3 Mr. Walker: -- for a small business grant program, Section 4-47. This is on Item Number one. The CRA shall make an annua N contribution of $250,000 to the Miami Bayside Foundation for an ongoing small business (UNINTELLIGIBLE). rn 00 Board Member Carollo: What foundation is that? s Mr. Walker: Miami Bayside. c� Board Member Carollo: Bayside. Okay. Q Mr. Walker: Grant program for use as assistant to businesses within the Omni CRA boundaries. And the other amendment we wouk like to do is in Item Number 2, on Section 7," Maurice Ferre Park. Instead of the $10 million that's there, the Omni CRA shall provid( funding to the City of Miami in a total amount not to exceed $28 million at that location. Board Member Carollo: Not to exceed? Okay. But will provide funding, $28 million -- Mr. Walker: For Maurice Ferre Park. 55 Packet Pg. 9I miamifl.igm2.com/Citizens/Detail_Legi File. aspx?Meeti ng I D=2380&Med iaPosition =&I D=5957&CssClass=&Pri nt=Yes 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Board Member Carollo: Yeah. Minimum, 28 million. Board Member Reyes: You know, this is a pinata. What's -- Board Member Carollo: But not -- Board Member Reyes: That's what it is. Board Member Carollo: That's what it is. a� d Board Member Gort: Yeah. d L Board Member Reyes: (UNINTELLIGIBLE) pinata, you know. Q Board Member Carollo: That's what it is. Minimum -- well, the -- I was just trying to put back the candle that was always there in m) O pinata that's really countywide. The -- so if we could rephrase that to say, "minimum 28 million"; that will not exceed that amount. C a) Chair Russell: How about we do it this way, and this would be my suggestion, to basically honor the original obligation that was there c 0 We've already paid two. The total was -- it was an exact total of 28 million. +r c Board Member Carollo: I like that better. E E Chair Russell: In that way, it's finite. E Q Board Member Carollo: And this would make it a lot easier for me to vote on budgets from here on, because -- c O Chair Russell: It has been an issue. v a) N Board Member Carollo: -- you know, I think you knew my position; that we were not meeting the requirement of State laws. I know ,, that there was a difference of opinion, and I'm not bringing this up to be argumental [sic] with you at all. 00 00 Chair Russell: Understood. a Board Member Carollo: But that gives me a relief. The rest is up to the State, it's up to the County, if they want to go along with it. 3 U m Chair Russell: Thank you. M Board Member Carollo: That I can't do anything about. r- Chair Russell: Commissioner Gort. O N CD Board Member Carollo: Now, having said that -- Chair Russell: Sorry. O Board Member Carollo: -- Commissioner Reyes put a lot of things on the record that are right on target, and, you know, I think tha c we should not forget his words here today, because I was impressed of the presentation he made. He brought many things that ar< c accurate. And let me say this further to my colleagues: Just like we're going out now and helping one area that's depressed in tha N West Grove, not an area that is depressed as Liberty City or Little Havana, or even Wynwood. I want to be upfront. I'm going to be ca bringing to this Commission a plan that I'm not going to be asking for money to not bring back to the Commission; in other words just to spend. I'm going to be asking to have this Commission do a pilot program that we could all participate in that will begin it c Little Havana. I'm going to be asking for money that will be returned within a very short period after; two, two and a half years a M best; that if you see that it works, like I am sure that it's going to, we could extend that everywhere within the City. So I'm lettin< N you guys know that I'm coming up with something that I'm going to be asking for funds -- borrowing, borrowing; that you're going tc rn get it back, so that this is the way that other areas that don't have a CPA can get a benefit without the City's general fund suffering. 00 Chair Russell: I look forward to it. Thank you. E Board Member Carollo: Okay? s Chair Russell: Thank you. Q Board Member Carollo: So that's for another discussion. Chair Russell: Commissioner Gort. Board Member Gort: Let me clarify. What I requested from Miami Bayside, I support them because they give a lot of scholarship. There's a lot of people that been able to get an education. So it's not only for small businesses, to help small business; for `timiamifl.igm2.com/Citizens/Detail_Legi Packet Pg. 92 File. aspx?MeetingID=2380&MediaPositionn=&ID=5957&CssClass=&Print=Yes 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO scholarship for college or trade school. All right? Let's make sure. Board Member Carollo: Yeah. Board Member Gort: All right? Okay. Board Member Carollo: Can you do me a favor, since I think you could be more helpful than I in this? Can you speak to Pam to see i she'll give Bayfront Park one of those scholarships for the New Year Eve's celebration; that they've cut back on it, and they benefi from it the most. Board Member Gort: Well, I think the Bayside -- not the Foundation, but the property owners can do it. Board Member Carollo: Well, I think you know what I'm talking about. So if, you know, you could be our master to that. Chair Russell: Thank you. There's been a motion and a few amendments. I believe the City Attorney had one other amendment wit[ regard to the ability for the Manager to negotiate beyond this point. Mr. Min: That would be for the City Commission item. I don't know -- Chair Russell: From the City Commission item. It doesn't need to be changed here. Board Member Reyes: How about a suggestion? Chair Russell: All right. Board Member Reyes: How about a suggestion? How about that those areas that they don't have a CRA, when we are dividing the revenues from the bonds or from the general fund, that we have additional funding or a percentage more than what it is given to us' Because, you see, I'm not part of this pinata. Board Member Carollo: Well -- Board Member Reyes: My district is not part of this pinata, and I wouldn't be part of it. Board Member Gort: Excuse me. Chair Russell: All right. Board Member Gort: Excuse me. Commissioner, this pinata is for the benefit of the people in the -- Board Member Reyes: Sir, but I'm looking -- Board Member Gort: -- (UNINTELLIGIBLE). Board Member Reyes: -- my -- excuse me, Mr. -- Board Member Gort: I understand. Board Member Reyes: -- Commissioner Gort. Chair Russell: All right. Let's bring it back. Board Member Reyes: This pinata -- Chair Russell: Just a moment, please, please. Board Member Reyes: -- what I'm saying is that I want this to be fair; that everybody be fair, and I don't think that it's fair right now Board Member Gort: I understand, and -- Board Member Reyes: Okay. Board Member Gort: -- I think that -- I don't have any problem with that either, so. Chair Russell: Thank you. Board Member Carollo: Well -- miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi57=&ID=5957&CssClass=&Print=Yes Packet Pg. 93 5/13/2020 CRA-R-19-0012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Chair Russell: Commissioner Reyes, that would be a different item at a different time. We're here now to vote on this item. We have a motion and a second and amendments. I'd like to bring it to a close. Is there any further discussion? Hearing none, all in favor of the item, as amended, say "aye." Board Member Carollo: Aye. Chair Russell: Aye. Any opposed? Board Member Reyes: "No." Chair Russell: Motion passes, 4-1, and that is for Items 1 and 2. We're closing the CRA meeting, gentlemen. RESULT: ADOPTED WITH MODIFICATION(S) [4 TO 11 MOVER: Joe Carollo, Board Member, District Three SECONDER: Wifredo (Willy) Gort, Board Member, District One AYES: Ken Russell, Keon Hardemon, Wifredo (Willy) Gort, Joe Carollo NAYS: Manolo Reyes Select Language • Powered by Goc g " Translate miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPosi58 n =&I D=5957&CssClass=&Pri nt=Yes Packet Pg. 94 5/13/2020 CRA-R-19-0013 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO ADOPTED w��vY 0F�'fv ATTACHMENT E Miami MODIFICAT WITH FL �u„ ION &q 1,3, 2p19 9. �O ��� INCRRP ABATER * OMNI CRA Resolution 18 9R � o R 1 CRA-R-19-0013 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (-CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN INTERLOCAL AGREEMENT, IN SUBSTANTIALLY THE ATTACHEC FORM, BETWEEN THE CRA, THE CITY OF MIAMI, AND MIAMI-DADE COUNTY; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, ALL IN A FORM ACCEPTABLE TO THE CHIEF LEGAL OFFICER, FOR THE PURPOSES STATED HEREIN. Information Department: OMNI Community Sponsors: Redevelopment Agency Category: Other Attachments Agenda Summary and Legislation 5958 Exhibit -SUB 5958 Interlocal Agreement 2019-05-30 5958 Submittal -Chair Russell -Letters of Support 5958 Submittal -Chair Russell-CRA Maps 5958 Submittal-Renita Ross Samuel -Dixon -Draft Petition Body/Legislation WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, the Miami -Dade County Board of County Commissioners, by Ordinance No. 87-47, approved the creation of the CRA; and WHEREAS, on June 24, 1996, Miami -Dade County ("County"), formerly known as Metropolitan Dade County, and the City of Miami ("City") executed the Interlocal Cooperation Agreement regarding the creation of the CRA ("1996 Interlocal Agreement'); and WHEREAS, in 2007, the County, the City, and the CRA entered into certain amendments to the 1996 Interlocal Agreement ("First Amendment') amending certain terms and provisions of the 1996 Interlocal Agreement; and WHEREAS, the CRA adopted Resolution No. CRA-R-19-0004 approving and adopting the Assessment of Need Report as required by County, finding that slum and blighted conditions are still in existence in the Redevelopment Area; and WHEREAS, both the CRA and the City have previously adopted the Finding of Necessity ("FON") finding the West Gove Area to be slum and blighted; and WHEREAS, the Board of Commissioners of the CRA wishes to authorize the non-contiguous expansion of the boundaries of the Redevelopment Area to include the West Grove Area; and WHEREAS, the CRA has prepared an update 96019 Amended Redevelopment Plan outlinin ro'ects miamifl.igm2.com/Citizens/Detail_Legi File. aspx?Meeti ng I D=2380&Med iaPosition =&I D=5958&CssClass=&Pri nt=Yes Packet Pg. 95 5/13/2020 CRA-R-19-0013 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO to be completed throughout the current life and proposed extension of life of the CRA to 2047; and WHEREAS, this Resolution authorizes the execution of a 2019 Interlocal Agreement, attached and incorporated as Exhibit "A," between the CRA, the City, and the County, thereby amending and replacing the 1996 Interlocal Agreement, expanding the boundaries of the Redevelopment Area to include the West Grove, and extending the life of the CRA to 2047; and WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to negotiate and execute the 2019 Interlocal Agreement and all other documents necessary, all in a form acceptable to the Chiei Legal Officer; NOW, THEREFORE, BE IT RESOLVED, BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Executive Director is authorized to negotiate and execute the 2019 Interlocal Agreement substantially the attached form, between the CRA, the City, and the County to implement and fund certain projects of benefit to all parties, expand the boundaries of the Redevelopment Area to include the West Grove Area, and extend the life of the CRA. Section 3. The Executive Director is further authorized to negotiate and execute any and all other necessary documents, all in a form acceptable to the Chief Legal Officer, for the purposes stated herein. Section 4. This Resolution shall become effective immediately upon its adoption. Meeting History OMNI Jun 13, 2019 9:00 AM Community Regular Meeting Redevelopment Agency Note for the Record: For minutes referencing Item RE.2, please see "Public Comment On Agenda Items" and Item PEA RESULT: ADOPTED WITH MODIFICATION(S) [4 TO 11 MOVER: Joe Carollo, Board Member, District Three SECONDER: Wifredo (Willy) Gort, Board Member, District One AYES: Ken Russell, Keon Hardemon, Wifredo (Willy) Gort, Joe Carollo NAYS: Manolo Reyes Select Language v Powered byGoc,gfe Translate ti miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2380&MediaPositionn=&ID=5958&CssClass=&Print=Yes Packet Pg. 96 5/13/2020 R-19-0237 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING THE AMENDED 20 ATTACHMENT F Miami CIAD�PC�D WFL ION 13 Z019 9. 9 p ��� INCORP 09aTE0 * Resolution 18 9R � < o R l ° R-19-0237 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING THE AMENDED 2019 OMNI REDEVELOPMENT PLAN, ATTACHED AND INCORPORATED ("2019 REDEVELOPMENT PLAN"), AS PREPARED BY PMG ASSOCIATES, INC.; FURTHER AUTHORIZING THE EXTENSION OF LIFE OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") TO 2047; AUTHORIZING THE NON- CONTIGUOUS EXPANSION OF THE BOUNDARIES OF THE OMNI CRA TO INCLUDE THE WEST GROVE; FURTHER FINDING THAT THE REBUILDING, REHABILITATION, CONSERVATION, AND REDEVELOPMENT OF THE OMNI REDEVELOPMENT AREA INCLUDIN( THE EXPANDED WEST GROVE AREA IS NECESSARY AND IN THE BEST INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS, AND WELFARE OF THE RESIDENTS OF THE CITY OF MIAMI AND MIAMI-DADE COUNTY; FURTHER AGREEING THAT THE OMNI AND THE WEST GROVE REDEVELOPMENT AREAS CONSTITUTE A SLUM OR BLIGHTED AREA AS DEFINED IP SECTION 163, FLORIDA STATUTES; AUTHORIZING THE OMNI CRA EXECUTIVE DIRECTOR TO TRANSMIT THE 2019 REDEVELOPMENT PLAN, THE OMNI CRA'S RECOMMENDATION FOR APPROVAL, AND THIS RESOLUTION TO THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR REVIEW, APPROVAL, AND ACCEPTANCE. Information Department: Commissioners and Mayor Sponsors: Vice Chair, District Two Ken Russell, Mayor Francis X. Suarez Category: Elected Official Item Attachments Agenda Summary and Legislation 6019 Exhibit SUB Body/Legislation WHEREAS, pursuant to Part III, Chapter 163, Florida Statues, there was created by action of Miami - Dade County ("County") and the City of Miami ("City") the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"); and WHEREAS, the Omni CRA is responsible for carrying out community redevelopment activities and projects within the Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, on December 31, 2007, the City, the County, the Southeast Overtown/Park West Community Redevelopment Agency, and the Omni CRA entered into an Interlocal Agreement, which provided, among other things, for the expansion of the boundaries of the Redevelopment Area and the extension of the Omni CRKs life ("Interlocal Agreement"); and WHEREAS, the Omni CRA had previously engaged PMG Associates, Inc. ("PMG") to prepare an Assessment of Need Report ("AON") and provide an update to the 1986 Omni Redevelopment Plan that was previously amended in 2010; and WHEREAS, the Omni CRA adopted Resolution No. CRA-R-19-0004 on February 19, 2019 approving the AON as required by the County pursuant to Resolution No. R-611-15; and Gmiamifl.igm2.com/Citizens/Detail_Legi File. aspx?ID=6019&highlightTerms=Omni�CRA 2047&Print=Yes Packet Pg. 97 5/13/2020 R-19-0237 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING THE AMENDED 20 WHEREAS, both the Omni CRA and the City have previously approved and adopted the Finding of Necessity Report ("FON") finding the West Gove Area to be slum and blighted and that (1) one or more slum o blighted areas or one or more areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, exist in the West Grove Area; and (2) the rehabilitation, conservation, redevelopment, or a combination thereof of the West Grove Area, including, if appropriate, the development of housing which residents of low or moderate income, including the elderly, can afford, is necessary in the interest of the public health, safety, morals, or welfare of the residents of the West Grove Area, the City, and the County; and WHEREAS, the Omni CRA has also prepared an updated 2019 Amended Redevelopment Plan, attached and incorporated as Exhibit "A" ('2019 Redevelopment Plan"), outlining projects to be completed throughout the current life and proposed extension of life of the Omni CRA to 2047; and WHEREAS, the City Commission wishes to authorize the non-contiguous expansion of the boundaries of the Redevelopment Area to include the West Grove Area; and WHEREAS, the 2019 Redevelopment Plan, attached and incorporated, was created by PMG in cooperation with the Omni CRA and input of stakeholders of the Redevelopment Area; and WHEREAS, the 2019 Redevelopment Plan, attached and incorporated as Exhibit "A," addresses the requirements of Section 163.362, Florida Statutes, including but not limited to general design standards, zoning and planning changes, land uses, demolition and removal of structures, improvements, redevelopment, rehabilitation, and identification of funding through possible public and/or public/private partnerships; and WHEREAS, the City Commission has reviewed the 2019 Redevelopment Plan, attached and incorporated as Exhibit "A," and pursuant to Section 163.361, Florida Statutes, adopts and approves the 2019 Redevelopment Plan; and WHEREAS, the City Commission further authorizes the Omni CRA Executive Director to transmit the 2019 Redevelopment Plan, attached and incorporated as Exhibit "A," the CRA's recommendation for approval, and this Resolution to the County for appropriate action; NOW, THEREFORE, BE IT RESOLVED BY COMMISSION OF THE CITY OF MIAMI FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The City Commission accepts the 2019 Redevelopment Plan, attached and incorporated as Exhibit 'A" authorizing the extension of life of the Omni CRA to 2047. Section 4. The City Commission further authorizes, _ the non-contiguous expansion of the boundaries of the Redevelopment Area to include the West Grove Area. Section 5. The Omni CRA Executive Director is authorized to transmit the 2019 Redevelopment Plan, attached and incorporated as Exhibit "A," the Omni CRA's recommendation for approval, and this Resolution to the County for appropriate action. Section 6. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. e miamifl.igm2.com/Citizens/Detail_LegiFile.aspx?ID=6019&highlightTerms=Omni RA 2047&Print=Yes Packet Pg. 98 5/13/2020 R-19-0237 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING THE AMENDED 20 Meeting History Jun 13, 2019 9:00 AM City Regular Meeting Commission RESULT: ADOPTED WITH MODIFICATION(S) [4 TO 1] MOVER: Joe Carollo, Commissioner, District Three SECONDER: Ken Russell, Commissioner, District Two AYES: Ken Russell, Wifredo (Willy) Gort, Joe Carollo, Keon Hardemon NAYS: Manolo Reyes Select Language v Powered by'Google Translate 63 miamifl.igm2.com/Citizens/Detail_Legi File. aspx?ID=6019&highlightTerms=Ornni RA 2047&Print=Yes Packet Pg. 99 5/13/2020 R-19-0238 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND AUTHORIZING ATTACHMENT G Miami CIAD �PCED ZTHFL 13 ATION(S) F Z01g g' 00 AM INCORP 09aTE0 * Resolution 18 9R � < o R l ° R-19-0238 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SECOND AMENDMENT TO THE 1996 INTERLOCAL AGREEMENT, IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A" ("2019 INTERLOCAL AGREEMENT"), BETWEEN THE CITY OF MIAMI ("'CITY-), MIAMI- DADE COUNTY (""COUNTY-), AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (-OMNI CRA") IN ORDER TO EXPAND THE BOUNDARIES OF THE REDEVELOPMENT AREA TO INCLUDE THE WEST GROVE, IMPLEMENT AND FUND CERTAIN PROJECTS, AND EXTEND THE LIFE OF THE OMNI CRA TO 2047; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, IN ORDER TO ACCOMPLISH THE INTENT AS STATED HEREIN; FURTHER AUTHORIZING THE OMNI CRA EXECUTIVE DIRECTOR TO TRANSMIT THE 2019 INTERLOCAL AGREEMENT TO THE COUNT) FOR REVIEW, CONSIDERATION, AND APPROVAL. Information Department: Commissioners and Mayor Sponsors: Vice Chair, District Two Ken Russell, Mayor Francis X. Suarez Category: Elected Official Item Attachments Agenda Summary and Legislation 6016 Exhibit SUB Financial Impact N/A Body/Legislation WHEREAS, the Miami -Dade County Board of County Commissioners, by Ordinance No. 87-47, approved the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") and tax increment financing for the Omni Redevelopment Area; and WHEREAS, on June 24, 1996, Miami -Dade County ("County"), formerly known as Metropolitan Dade County, and the City of Miami ("City") executed the Interlocal Cooperation Agreement ("1996 Interlocal Agreement"); and WHEREAS, in 2007, the County, the City, and the Omni CRA entered into certain Amendments to the 1996 Interlocal Agreement ("First Amendment") amending certain terms and provisions of the 1996 Interlocal Agreement; and WHEREAS, as of December 31, 2007, the County, the City, the Southeast Overtown Park West Community Redevelopment Agency ("SEOPW CRA"), and the Omni CRA entered into another Interlocal Agreement between the City, the County, the SEOPW CRA, and the Omni CRA to provide funding for major projects for the benefit of all parties ('2007 Interlocal Agreement'); and G miamifl.igm2.com/Citizens/Detail_Legi File. aspx?ID=6016&highlightTerms=OmnCRA 2047&Print=Yes Packet Pg. 100 5/13/2020 R-19-0238 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND AUTHORIZING 2.1.b WHEREAS, in furtherance of seeking the extension of the life of the Omni CRA to 2047, the Om I is required to prepare an Assessment of Need Study ("AON"), amend its current Redevelopment Plan, and amend the 1996 Interlocal Agreement with its two (2) taxing authorities, the City and the County; and WHEREAS, the Omni CRA generated an AON to substantiate the extension of the life of the Omni CRA until 2047; and WHEREAS, the Board of Commissioners of the Omni CRA adopted the Amended Redevelopment Plan prepared by PMG Associates, Inc. ("PMG") on June 13, 2019; and c a� E WHEREAS, on February 19, 2019, the Board of Commissioners of the Omni CRA adopted Resolution No. CRA-R-19-0004 approving the AON as required by the County pursuant to Resolution No. R-611-15; and Q WHEREAS, on June 13, 2019, the Board of Commissioners of the Omni CRA adopted Resolution No. c CRA-R-19-0012 approving the Amended Redevelopment Plan; and 7- WHEREAS, on June 13, 2019, the Board of Commissioners of the Omni CRA adopted Resolution No. c CRA-R-19-0013 accepting and adopting the execution of the amendment to the 1996 Interlocal Agreement between the City, the County, and the Omni CRA; and E WHEREAS, the City Commission wishes to accept and adopt the Second Amendment to the 1996 r- Interlocal Agreement ("Second Amendment") between the City, County, and the Omni CRA; and E WHEREAS, both the Omni CRA and the City have previously approved and adopted the Finding of c Necessity Report ("FON") finding the West Gove Area to be slum and blighted and that (1) one or more slum or ou blighted areas or one or more areas in which there is a shortage of housing affordable to residents of low or v) moderate income, including the elderly, exist in the West Grove Area; and (2) the rehabilitation, conservation, N redevelopment, or a combination thereof of the West Grove Area, including, if appropriate, the development of o housing which residents of low or moderate income, including the elderly, can afford, is necessary in the pc- interest of the public health, safety, morals, or welfare of the residents of the West Grove Area, the City, and the C County; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF CITY OF MIAMI, FLORIDA: M m M Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Second Amendment to the 1996 Interlocal Agreement, in substantially the form attache( as Exhibit "A," is approved. Section 3. The City Manager is authorized to execute the Second Amendment to the 1996 Interlocal Agreement between the City, the County, and Omni CRA, in substantially the form attached as Exhibit "A." Section 4. The City Manager is further authorized' to negotiate and execute any and all documents necessary, all in a form acceptable to the City Attorney, in order to accomplish the intent as stated herein. Section 5. The City Commission further authorizes' the Omni CRA Executive Director to transmit the Second Amendment to the Board of County Commissioners for their further review, consideration, and approva and to the County Mayor and Clerk of the County Commission. Section 6. This Resolution shall become effective immediately upon its adoption. [1] The herein authorization is further subject to compliance withal I requirements that maybe imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. [2] If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Meeting History G miamifl.igm2.com/Citizens/Detail_Legi File. aspx?ID=6016&highlightTerms=OmnCRA 2047&Print=Yes Packet Pg. 101 5/13/2020 R-19-0238 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND AUTHORIZING Jun 13, 2019 9:00 AM City Regular Meeting Commission RESULT: ADOPTED WITH MODIFICATION(S) [4 TO 11 MOVER: Joe Carollo, Commissioner, District Three SECONDER: Ken Russell, Commissioner, District Two AYES: Ken Russell, Wifredo (Willy) Gort, Joe Carollo, Keon Hardemon NAYS: Manolo Reyes Select Language • Powered byGoogle Translate G miamifl.igm2.com/Citizens/Detail_Legi File. aspx?ID=6016&highl ightTerms=Omni RA 2047&Print=Yes Packet Pg. 102 5/13/2020 CRA-R-20-0003 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 01P4. ATTACHMENT H Miami a ADOPTED �w fy FL Pr 9 ZOz p g: OO ANj * INCO18 CAAT1E0 * OMNI CRA Resolution L CRA-R-20-0003 Q R� A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (-CRA"), WITH ATTACHMENTS, DIRECTING THE EXECUTIVE DIRECTOR TO CEASE ALL NEGOTIATIONS WITH MIAMI-DADE COUNTY AND/OR THE CITY OF MIAMI (COLLECTIVELY, -PARTIES") CONCERNING THE EXPANSION OF THE CRA INTO THE AREA KNOWN AS WEST GROVE; AUTHORIZING THE EXECUTIVE DIRECTOR TO CONTINUE NEGOTIATING WITH THE PARTIES ABOUT ALL OTHER POTENTIAL AMENDMENTS TO THE INTERLOCAL AGREEMENT AND ALL OTHER AGREEMENTS INCLUDING BUT NOT LIMITED TO EXTENDING THE LIFE OF THE CRA (COLLECTIVELY, "AGREEMENTS"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO AMEND THE CRA'S REDEVELOPMENT PLAN ("PLAN") CREATED BY PMG ASSOCIATES, INC. AND ANY AND ALL OTHER NECESSARY DOCUMENTS WITHOUT THE WEST GROVE PORTION; FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT THE UPDATED AGREEMENTS AND PLAN FOR APPROVAL TO THE MIAMI CITY COMMISSION AND MIAMI- DADE COUNTY COMMISSION FOR APPROPRIATE ACTION. Information Department: OMNI Community Sponsors: Redevelopment Agency Category: Other Attachments Agenda Summary and Legislation 7370 Exhibit A 7370 Exhibit B Body/Legislation WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the Redevelopment Area it accordance with its approved Redevelopment Plan; and WHEREAS, on December 31, 2007, the City of Miami ("City"), Miami -Dade County ("County"), the Southeast Overtown/Park West Community Redevelopment Agency, and the CRA entered into an Interlocal Agreement, which provided, among other things, for the expansion of the boundaries of the Omni Redevelopment Area and the extension of the CRA's life ("Interlocal Agreement"); and WHEREAS, the CRA had previously engaged PMG Associates, Inc. ("PMG") to prepare an Assessmen of Need Report ("AON") and provide an update to the 1986 Omni Redevelopment Plan that was amended in 2010; and WHEREAS, the CRA adopted Resolution No. CRA-R-19-0004 on February 19, 2019 approving the AON as required by Miami -Dade County ("County") pursuant to County Resolution No. R-611-15 for a modification of the CRNs boundaries; and WHEREAS, as a result, an Amended Redevelopment Plan ("Plan") has been drafted for consideration of the Board of Commissioners of the CRA ("Board") pursuant to the requirements of Chapter 163, Florida Statutes; and WHEREAS, the Plan addresses the requirements of Section 163.362, Florida Statutes, including but no limited to general design standards, zoning and planning changes, land uses, demolition and removal of iaPosition Packet Pg. 103 5/13/2020 CRA-R-20-0003 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO 2.1.b structures, improvements, redevelopment, rehabilitation, and identification of funding through possible pu I and/or public -private partnerships; and WHEREAS, the Board has reviewed the Plan and pursuant to Section 163.361, Florida Statutes, which governs the modification of community redevelopment plans, approves the Plan except for the previous proposed expansion of the CRA into the area known as the West Grove; and WHEREAS, the Board directs the Executive Director to cease all negotiations and attempts to expand the CRA into the West Grove; and WHEREAS, the Board directs the Executive Director to modify all appropriate documents including but not limited to the Plan and any proposed modification to the Interlocal Agreement consistent with the purposes stated herein, specifically by removing any reference of a proposed expansion into the West Grove; and WHEREAS, the Board of Commissioners of the CRA authorizes the Executive Director to continue negotiating with the City and the County concerning the extension of life of the CRA; and WHEREAS, the Board of Commissioners of the CRA further directs the Executive Director to transmit the Plan and proposed modification to the Interlocal Agreement without the West Grove portions for approval tc the Miami City Commission and the Board of County Commissioners for appropriate action; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Board approves an amendment to the Plan prepared by PMG by removing any proposed expansion into the West Grove. Section 3. The Executive Director is directed to cease all negotiations regarding the expansion of the CRA into the West Grove. Section 4. The Executive Director is directed to modify and update any and all relevant documents including but not limited to the Plan and the proposed modifications to the Interlocal Agreement by removing any reference of a proposed expansion into the West Grove. Section 5. The Executive Director is further directed to transmit the Plan and the proposed modification to the Interlocal Agreement without the West Grove portions for approval to the Miami City Commission and Board of County Commissioners for appropriate action. Section 6. The Executive Director is authorized to negotiate with all relevant parties for the extension of life of the CRA. Section 7. The Executive Director is further directed to transmit a copy of this Resolution and any other relevant documents to the Miami City Commission and the Board of County Commissioners. Section 8. This Resolution shall become effective immediately upon its adoption. Meeting History OMNI Draf- Apr 9, 2020 9:00 AM Community Regular Meeting Redevelopment Agency RESULT: ADOPTED [UNANIMOUS] MOVER: Ken Russell, Board Member, District Two SECONDER: Joe Carollo, Vice Chair, District Three AYES: Alex Diaz de la Portilla, Joe Carollo, Ken Russell, Keon Hardemon ABSENT: Manolo Reyes ti miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2646&MediaPositionn=&ID=7370&CssClass=&Print=Yes Packet Pg. 104 5/13/2020 CRA-R-20-0003 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT CO Select Language v Powered byG0091c Translate ti miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2646&MediaPositionn=&ID=7370&CssClass=&Print=Yes Packet Pg. 105 5/15/2020 R-20-0131 A RESOLUTION OF THE MIAMI CITY COMMISSION RATIFYING, ACCEPTING, AND SUPPORTING THE ACTIO ATTACHMENT I Miami L�pOPTED HCATWIT FLLOZO gO 0 �S� qM INC9NP 99aTE9 18 99 * Resolution � t o R 'I-,o R-20-0131 A RESOLUTION OF THE MIAMI CITY COMMISSION RATIFYING, ACCEPTING, AND SUPPORTING THE ACTIONS TAKEN BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") IN RESOLUTION NO. CRA-R-20-0003 ADOPTED ON APRIL 9, 2020 FOR THE REMOVAL OF THE NON-CONTIGUOUS EXPANSION OF THE OMNI CRA INTO THE AREA KNOWN AS THE WEST GROVE AND ALL OTHER FINDINGS; AUTHORIZING THE CITY MANAGER TO TAKE ANY ANC ALL ACTIONS NECESSARY CONSISTENT WITH RESOLUTION NO. CRA-R-20-0003 AS IT RELATES TO THE REMOVAL OF THE NON-CONTIGUOUS EXPANSION OF THE OMNI CRA INTO THE WEST GROVE; CLARIFYING THAT THIS RESOLUTION AND ITS FINDINGS, DIRECTIVES, AND ACTIONS SHALL SUPERSEDE ANY AND ALL OTHER FINDINGS, DIRECTIVES, AND ACTIONS IN PRIOR CITY OF MIAMI ("CITY") RESOLUTIONS THAT ARE INCONSISTENT WITH THIS RESOLUTION; FURTHER CLARIFYING THAT ANY AND ALL PRIOR RESOLUTIONS THAT ARE NOT INCONSISTENT WITH THIS RESOLUTION SHALL REMAIN UNAFFECTED; FURTHER DIRECTING THE CITY MANAGER TO TAKE ANY AND ALL NECESSARY ACTIONS TO ADVANCE THE PROCESS OF CREATING A COMMUNITY REDEVELOPMENT AGENCY WITHIN THE WEST GROVE (-WEST GROVE CRA") PURSUANT TO REQUIREMENTS OF THE COMMUNITY REDEVELOPMENT ACT OF 1969 AS IS NECESSARY AND IN THE BEST INTEREST OF THE PUBLIC'S HEALTH, SAFETY, MORALS, AND WELFARE OF THE RESIDENTS OF THE CITY AND MIAMI-DADE COUNTY; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING BUT NOT LIMITED TO A REDEVELOPMENT PLAN FOR THE WEST GROVE CRA, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSES; FURTHER DIRECTING THE CITY MANAGER TO SUBMIT ANY AND ALL NECESSARY DOCUMENTS, INCLUDING BUT NOT LIMITED TO A COPY OF THIS RESOLUTION TO THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR REVIEW, APPROVAL, AND ACCEPTANCE. Information Department: Commissioners and Mayor Sponsors: Vice Chair, District Two Ken Russell Category: Elected Official Item Attachments Agenda Summary and Legislation 7382 Exhibit A Body/Legislation WHEREAS, pursuant to Part III, Chapter 163, Florida Statues, there was created by action of Miami - Dade County ("County") and the City of Miami ("City") the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"); and WHEREAS, on June 24, 1996, the County, formerly known as Metropolitan Dade County, and the City executed an Interlocal Cooperation Agreement ("1996 Interlocal Agreement"); and miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2396&MediaPosi�O n =&I D=7382&CssClass=&Print=Yes Packet Pg. 106 5/15/2020 R-20-0131 A RESOLUTION OF THE MIAMI CITY COMMISSION RATIFYING, ACCEPTING, AND SUPPORTING THE ACTIO WHEREAS, as of December 31, 2007, the County, the City, the Southeast Overtown Park West Community Redevelopment Agency ("SEOPW CRA"), and the Omni CRA entered into an alternative Interlocal Agreement between the City, the County, the SEOPW CRA, and the Omni CRA to provide funding for major projects for the benefit of all parties ("2007 Interlocal Agreement"); and WHEREAS, in furtherance of seeking an additional extension of the life of the Omni CRA, the Omni CRA is required to prepare an Assessment of Need Study ("AON"), to amend its current Redevelopment Plan, and to amend the 1996 Interlocal Agreement with its two (2) taxing authorities, the City and the County; and WHEREAS, on February 19, 2019, the Board of Commissioners of the Omni CRA adopted Resolution c a� E No. CRA-R-19-0004 approving the AON to substantiate the extension of the life of the Omni CRA until 2047 as L required by the County pursuant to Resolution No. R-611-15; and a WHEREAS, on June 13, 2019, the Board of Commissioners of the Omni CRA adopted Resolution No. c CRA-R-19-0012 approving the Amended Redevelopment Plan prepared by PMG Associates, Inc. ("PMG"); anc WHEREAS, on June 13, 2019, the Board of Commissioners of the Omni CRA adopted Resolution No. c o CRA-R-19-0013 accepting and adopting the execution of a second amendment to the 1996 Interlocal Agreement between the City, the County, and the Omni CRA; and WHEREAS, on June 13, 2019, the City Commission adopted Resolution No. R-19-0237 accepting and M a authorizing, among other things, the Amended Redevelopment Plan and the extension of the life of the Omni a CRA to 2047; and WHEREAS, on June 13, 2019, the City Commission adopted Resolution No. R-19-0237 approving and c 0 authorizing the City Manager to execute the Second Amendment to the 1996 Interlocal Agreement ("Second U) Amendment") between the City, the County, and the Omni CRA; and N WHEREAS, on April 9, 2020, the Board of Commissioners of the Omni CRA adopted Resolution No. w 00 CRA-R-20-0003 amending the Amended Redevelopment Plan to remove the non-contiguous expansion of the 0- Omni CRA into the area known as West Grove and directing the Executive Director to modify and update any U and all documents to reflect the removal of the non-contiguous expansion of the Omni CRA into the West m Grove; and M WHEREAS, the West Grove is a historically Bahamian, approximately sixty-five (65) block, half -square- o mile section of Coconut Grove within the City having an eclectic and rich history known for its culture, architecture, arts, and festivals; and WHEREAS, the West Grove, however, has been plagued by economic blight and a lack of affordable a� housing, which has resulted in the displacement of many longtime residents; and WHEREAS, on August 14, 2017, the City entered into an Expert Consultant Agreement with PMG to 0 c generate a Finding of Necessity Report ("Report"), attached and incorporated as Exhibit "A", pursuant to the N requirements of Chapter 163, Florida Statutes, to create a Community Redevelopment Area in the West Grove; and a� c WHEREAS, the Report concluded that the West Grove boundaries as provided and incorporated in the 4 Report met two (2) of three (3) criteria for slum designation and eight (8) of fourteen (14) criteria for blight 00 designation as defined in Chapter 163, Florida Statutes; and o WHEREAS, on January 11, 2018, the City Commission accepted, approved, and adopted Resolution a No. 18-0010, which included the Report and finding the West Grove to be slum and blighted and that (1) one or s more slum or blighted areas or one or more areas in which there is a shortage of housing affordable to residents of low or moderate income, including the elderly, exist in the West Grove and (2) the rehabilitation, a conservation, redevelopment, or a combination thereof for the West Grove, including, if appropriate, the development of housing which residents of low or moderate income, including elderly, can afford, is necessary, and is in the interest of the public's health, safety, morals, or welfare of the residents of the West Grove, in the City, and the County; and miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2396&MediaPosi�1=&ID=7382&CssClass=&Print=Yes Packet Pg. 107 5/15/2020 R-20-0131 A RESOLUTION OF THE MIAMI CITY COMMISSION RATIFYING, ACCEPTING, AND SUPPORTING THE ACTIO WHEREAS, a finding of necessity is required prior to the exercise of any authority under the provisions of Chapter 163, Florida Statutes; and WHEREAS, the City wishes to exercise the powers and duties conferred upon municipalities by the Community Redevelopment Act of 1969, as amended, in order to eradicate existing slum and blighted conditions in the West Grove area by creating the West Grove Community Redevelopment Agency ("West Grove CRA"); and WHEREAS, the City Commission wishes to ratify, accept, and support the adoption of Resolution No CRA-R-20-0003 by the Board of Commissioners of the Omni CRA and the removal of the non-contiguous expansion of the Omni CRA into the West Grove from the Amended Redevelopment Plan; and WHEREAS, the City Commission directs the City Manager to take any and all necessary steps to advance the process of creating the West Grove CRA pursuant to the requirements of Chapter 163, Florida Statutes, and the Code of Miami -Dade County, Florida; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The City Commission hereby ratifies, accepts, and supports the removal of the non- contiguous expansion of the Omni CRA into the West Grove and all other findings and actions taken in Resolution No. CRA-R-20-0003. Section 3. The City Manager is authorized[l] to take any and all actions necessary and consistent with this Resolution as it relates to the removal of the non-contiguous expansion of the Omni CRA into the West Grove. Section 4. The City Commission hereby accepts and approves the Report prepared by PMG, attached and incorporated as Exhibit "A", and finds a necessity exists for the rehabilitation, conservation, or redevelopment of slum and blight in the West Grove area within the City. Section 5. The City Manager is directed to take any and all necessary steps to advance the process of creating the West Grove CRA pursuant to Chapter 163, Florida Statutes, and the Code of Miami -Dade County, Florida. Section 6. This Resolution and its findings, directives, and actions shall supersede any and all other findings, directives, and actions in prior City Resolutions that are inconsistent with this Resolution. All other findings, directives, and actions in prior City Resolutions that are not inconsistent with this Resolution shall remain unaffected. Section 7. The City Manager is directed to forward a copy of any and all required documents, including but not limited to this Resolution to the Miami -Dade County Board of County Commissioners for review, approval, and acceptance. Section 8. This Resolution shall become effective immediately upon its adoption.. r, I The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. I'll I If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Meeting History Apr 23, 2020 9:00 AM City City Commission Meeting' Draf Commission RESULT: ADOPTED WITH MODIFICATION(S) [UNANIMOUS] miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2396&MediaPosi�?=&ID=7382&CssClass=&Print=Yes Packet Pg. 108 5/ 15/2020 R-20-0131 A RESOLUTION OF THE MIAMI CITY COMMISSION RATIFYING, ACCEPTING, AND SUPPORTING THE ACTIO MOVER: SECONDER: AYES: Joe Carollo, Commissioner, District Three Manolo Reyes, Commissioner, District Four Keon Hardemon, Ken Russell, Alex Diaz de la Portilla, Joe Carollo, Manolo Reyes Select Language v Powered byGocg'�7 Translate miamifl.igm2.com/Citizens/Detail_Legi File. aspx?MeetingID=2396&MediaPosi73=&ID=7382&CssClass=&Print=Yes Packet Pg. 109 DRAFT Prepared by PMG Associates, Inc. wl 01, 1-4 EF m IV ton VPW, 111F r �• Omni COMMUNITY REDEVELOPMENT AGENCY OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 2019 UPDATE OF REDEVELOPMENT PLAN 2.1.b N co O Co Q 3 Y V m m C C O _7 O N G1 C 7 O V O N O N O d C 7 N O O co C E s M Q 75 1Packet Pg. 111 2.1.b TABLE OF CONTENTS Introduction 1 History of Omni CRA 2 Public Involvement 3 Existing Conditions 4 Strategic Plan 5 Implementation Plan 6 Exit Strategy 7 Neighborhood Impact Statement 8 Conclusion of Redevelopment Plan APPENDICES Map & Description of 2010 Boundaries iv 1-1 2-9 3-10 4-20 5-49 6-59 7-61 8-65 Appendix A 76 Packet Pg. 112 2.1.b ntroduction Mission The Omni CRA's mandate is governed by Florida Statutes, Chapter 163, Part III. The Omni CRA's goal is to revitalize the Omni CRA Redevelopment Area, through the targeted and leveraged investment of the Tax Increment collected there, and to aid in successful development projects of both the public and private sector, alleviating conditions contributing to Slum and Blight and encouraging the creation of housing attainable to all. The Omni CRA is committed to the preservation and enhancement of property values and neighborhood amenities, stimulating the creation of new economic opportunities for residents, preserving history and culture, and improving the quality of life of those who reside, visit, work, or spend time in the neighborhoods of the Omni CRA. Vision The vision for the Omni CRA's Redevelopment Area is a set of 24-hour walkable neighborhoods with wide active sidewalks and pedestrian -friendly streets that function as a platform for creative productivity and vibrant living. The Omni neighborhood as a central connection between arts, culture, history, business, media and entertainment. The CRA envisions a connected and collaborative neighborhood where everyone can afford to live, work, and make an impact in improving the quality of their city. Exhibit 1-0 — 2010 Omni CRA Boundary Map Legal Description See Exhibit A Source: Omni CRA iv 77 Packet Pg. 113 2.1.b This Redevelopment Plan The Omni CRA has made significant improvements over the years and will use the extension of time to further the progress in the CRA area. The Omni Redevelopment Area Community Redevelopment Agency (the Omni CRA) was originally formed in 1987. The Finding of Necessity (FON) for the original Omni CRA was completed in 1987 and the district has received several updates and expansions over the years. Assessment of Need The CRA and the City of Miami have requested an extension of time for Omni based on Miami -Dade County Board of County Commissioners Resolution #R-611-15 which requires an assessment that demonstrates that slum and blight still exist within the designated Community Development Agency. The analysis of the Assessment of Need (AON) for the extension of the time frame for the Omni (CRA) in the City of Miami has been prepared and is part of a formal request to extend timeframe of the Omni CRA for an additional 15 years until the year 2047. Extension of Life The Omni Redevelopment Area Community Redevelopment Agency is requesting an extension of time in which to complete the redevelopment activities contemplated for the Omni Area. In 2018, the CRA prepared an Assessment of Need (AON) that showed there is a continued need for redevelopment activities to take place to address the pervasive slum and blight conditions plaguing the Omni Area as well as to create badly needed housing affordability. If granted, the CRA would have an additional fifteen years (15) years through year 2047 to complete the redevelopment activities. 78 Packet Pg. 114 2.1.b Chapter 1 History of Omni CRA Omni Neighborhoods The 2010 Omni Redevelopment Area is comprised of six distinct areas or neighborhoods (See Exhibit 1-2) that represent a different nature to the community. The neighborhoods are Omni, Northeast Overtown, South Wynwood, South Edgewater, and small portions of Park West and Watson Island. Exhibit 1-2 - Omni CRA Neighborhoods History of the Neighborhoods Omni Source: Omni CRA What is today known as the Omni Neighborhood or the Arts & Entertainment District —just north of the Central Business District of downtown Miami, extending from Biscayne Boulevard to the FEC tracks, and I- 395 to 17t" Street —first rose as a mercantile district serving the booming Miami downtown in the 1920s and 1930s. Large and small retailers built stores in the mercantile district there but many eventually failed due to a dwindling customer base and competition with suburban malls. Large-scale urban renewal created the Omni Mall and 1-395 which both further deteriorated the neighborhood. The Omni CRA chose to spend their initial revenue on several catalytic projects in this neighborhood: Margaret Pace Park, the Adrienne Arsht Center for the Performing Arts (PAC), and the Miami Entertainment Center (MEC). The Omni neighborhood sits at a crossroads of Miami and has a unique opportunity to develop in ways that no other neighborhood in Miami will. The height and density allowed here will almost definitely deliver 1-1 79 Packet Pg. 115 2.1.b thousands of new units of development in towers, and the CRA is poised to create opportunities for true mixed -income neighborhood, supporting residents from all walks of life. South Edgewater Edgewater began as a low -density residential neighborhood north of downtown along Biscayne Bay, which faced the same problems as the Omni area in the post-war era and it went largely undeveloped for many decades. The proximity to Miami Beach and the permissive densities of the zoning code have allowed the area to be built up over time with many luxury condominium developments lining the waterfront. The CRA invested in a catalytic project —the Adrienne Arsht Center for the Performing arts which is a regional destination to this day. Improvements to Margaret Pace Park, and later environmental remediation and infrastructure for Maurice Ferre Park and the creation of the Port Tunnel have further improved the quality of life in the area. Development in the South Edgewater neighborhood has seen a great boom, however most building has been restricted to mainly high -end market rate condominiums, and residents are concerned over access and amenities. The southern portion of Edgewater is within the Omni CRA's boundaries. Northeast Overtown Overtown was one of only a few areas in the segregated City of Miami where black residents were allowed to live or operate businesses. Because Overtown had to serve all the needs for its residents, it developed with a variety of different building types, along with a dense mixed -use land use. Overtown suffered from overcrowding and many problems related to poverty, but it was also successful and was known as the "Harlem of the South." After the passage of the 1964 Civil Rights Act, and the discriminatory urban renewal projects to create 1-95 and 1-395 through Overtown, the population began to diminish. A number of housing programs from HUD to various local CDCs have aspired to improve living conditions but it continues to face many problems. Today the historic black community of Overtown faces enormous pressure from speculative buying, demolition, and neglected properties as values in Wynwood, Edgewater and Downtown continue to increase. The northeastern portion of Overtown is within the Omni CRA's boundaries. The CRA's programs in residential rehabs, job creation, historic preservation, housing affordability, and home ownership will preserve and enhance the culture of Overtown, enabling residents to stay and enjoy a heightened quality of life. South Wynwood The warehouse portion of Wynwood was a fashion manufacturing and wholesale district for central Miami. Its large boxy warehouses, truck traffic, and treeless streets left it mostly neglected except for a few art galleries. In the early 2000s with the advent of Art Basel and Wynwood rapidly became an art destination and a worldwide name. Retail prices have skyrocketed pushing out small businesses, galleries, artists, and long-time residents of the neighborhood as new retail opens up. South Wynwood has been slower to develop than the rest of the arts district, due to a number of industrial and institutional uses, but property values continue to increase and affordable rents for businesses and housing are an ongoing concern. 1-2 80 Packet Pg. 116 2.1.b Past Successes of the OMNI CRA Catalytic Projects Photo 1 Port Miami Tunnel Adrienne Arsht Center for the Performing Arts The Adrienne Arsht Center for the Performing Arts of Miami -Dade County (PAC) has become one of the world's leading performing arts organizations and venues. Since opening in 2006, the Arsht Center, a 501C3 non-profit organization, has emerged as a leader in presenting innovative programming that mirrors South Florida's diversity as well as a catalyst for billions of dollars in new development in the downtown area. The Arsht Center presents nearly 400 events each year as well as free programming for the community and an arts education program that serves nearly 60,000 children each year. The Miami Entertainment Complex (MEC) Photo 3 Viacom Studios (MEC) Port Miami Tunnel The Port Miami Tunnel is a multi - agency public private partnership opened to the public in 2014. has removed a number of large and damaging trucks from the streets of the Omni CRA and downtown Miami, preventing conflicts between pedestrians and up to 16,000 vehicles that use the tunnel each day. Photo 2 Adrienne Arsht Center The Miami Entertainment Complex (MEC), completed in 2016, features two fully operational sound stages of 15,000 square feet each with a 50-foot roof as well as about 15,000 square feet of offices, editing suites and even a school for when kids need to be on set. The MEC is now called Viacom International Studios, after its Operating Film and Television production firm. Viacom shoots much of its Latin American television at these studios and employs hundreds of workers when they are filming a show. They have also brought the community of local filmmakers and media creatives in for tours of the facility and technical workshops. 1-3 81 Packet Pg. 117 2.1.b Historic Preservation The 2010 Plan identifies buildings within the district that are designated as historic and states that Historic Preservation is important to the community heritage and neighborhood experience. The CRA has helped preserve many of these wonderful structures and endeavors to continue the preservation of both historic buildings and the culture that they represent and embody. Miami Woman's Club The Miami Woman's club is undergoing a complete restoration and, will soon host a variety of restaurants and civic uses. Firehouse No. 2 J �I Omni CRA has renovated the historic City of Miami Firehouse No. 2, which had fallen into total disrepair, has now been restored and is being used as the offices of the CRA. —� Dorsey Library Built in 1941, Dorsey Memorial Library was the first City -built library ' in Miami, and one of the only libraries to allow black patrons to sit and read. Although it had various uses for many years, it has sat empty since the 1980s due to a funding shortfall. Although it had been declared an historic structure, it had not been preserved or protected, and it had not fulfilled its potential as a free and public library. In 2016 the Omni CRA pledged $850,000 to leverage the City's commitment to rehabilitate this historic structure and has met with the community to determine character of use, and the nature of what a 21" century library serving the neighborhood from an historic building would entail. Citizen's Bank Building The Omni CRA has purchased the historic Citizen's Bank building on 14th Street and Miami Avenue, to renovate, restore and activate as an anchoring retail, dining or cultural venue, with offices above. With paired Corinthian columns and arched entrances, this Neoclassical building is sited on a major intersection of what promises to be a lively neighborhood center. The prominent Citizens Bank represents a fashionable architectural trend in 1920s South Florida of classically inspired building designs. Constructed during the Land Boom years, this building is a reminder of a time when local architects were seeking to create a visual identity for a new retail district serving locals and visitors alike. Miami City Cemetery The Miami City Cemetery is a small oasis of calm in an urbanizing neighborhood. The trees and quiet street should be maintained and enhanced. The CRA has recently completed a tree inventory and maintenance recommendations for this special park. Vera Building Newly designated in 2019, the Vera Building was one of the first "workforce housing" buildings built in the City of Miami during the boom years of the 1920s. The CRA hopes to fully restore the fagade and windows, and to attract a tenant to operate the building as part of the fledgling Miami Avenue Entertainment District. 1-4 82 Packet Pg. 118 2.1.b Other Projects identified in the 2010 Omni CRA Redevelopment Plan The 2010 Redevelopment Plan included chapters on existing conditions, market analysis summary, redevelopment plan overview (outlining the vision, objectives and changes since the 1986 plan), list of projects and strategies, capital improvements costs and priorities, the financing plan, neighborhood impact and plan management. Projects identified in Chapter 5 of the 2010 Plan are as follows: • Miami Herald Properties, including the following elements: o Existing Printing Press o Public Plaza/14t" Street connection to Baywalk o Mixed -use Development o Vacant Parcel Development o Shrine Building o Performing Arts Center 0 14t" Street Media/Entertainment District • City of Miami and Miami -Dade County School Board Property, including the following elements: o Biscayne Park o School Board Vacant Properties / Unimproved Surface Parking o School Board Skills Center o School Board Property Opportunities. The Plan identifies redevelopment opportunities for the School Board properties including: ■ Performing Arts Center Parking ■ Public/Private Development ■ Media/Entertainment District parking and mixed -use development ■ Workforce and Affordable Housing o The Plan also includes the possible preparation of a Special Market Study to Determine Demand for a convention center • Proposed Zoning Changes o Atlas changes for specific areas o Development of inclusionary zoning for housing providing: ■ Mandatory workforce requirement ■ Bonus height ■ Bonus FAR ■ Density allowance ■ Remove bonus to pay into Affordable Housing Trust Fund ■ Development of design guidelines for areas of special interest • Development of additional neighborhood greenspace to accommodate new residential development including: o Baywalk o Neighborhood Parks o Greenspaces associated with new development and enhancements to existing greenspaces • Streetscapes are identified as important components of the public realm and the Plan includes: o Streetscape improvements to "Primary Streets" including: ■ Biscayne Boulevard ■ 14t" Street 1-5 83 Packet Pg. 119 2.1.b ■ N. Miami Street ■ NE 2nd Avenue ■ Bayshore Drive o Streetscape improvements to "Secondary Streets" which are side streets and residential areas • The 2010 Plan includes the following transportation and infrastructure projects: o Port of Miami Tunnel — complete but paying debt service o Street Reconstruction — NE 2nd Ave; 14t" Str; NE 17t" St; NE 17t" Terr o Bayshore Drive Extension 0 17t" Street / FEC Crossing 0 2-Way Conversions — N Miami Ave; NE Vt Ave; NE 2nd Ave; NE 17t" Street o Water & Sewer upgrades Chapter 6 of the 2010 Plan, "Capital Improvement Costs & Priorities" summarizes the projected capital improvement costs using order -of -magnitude estimates to provide the CRA a guide for development of CRA implementation strategies. Chapter 7 of the Plan "Financing Plan" acknowledges that full funding is not available to undertake all of the projects at the same time, that there is a need to engage the private sector, identify other sources of funding, and establishes principles on which the public financing strategy will be based to minimize public investment toward completion of the projects. The City of Miami Omni CRA Assessment of Need (AON) for Extension of Time Frame for the District provides the justification for the extension of time to complete redevelopment within the CRA district. The AON lists projects that have been completed, on -going projects and planned projects. On -Going and Planned Projects Based on review of the AON and the Annual Reports, following is the list and description of on -going and planned projects that have yet to be completed and are in Section 5, Projects and Strategies, of the 2010 CRA Plan. • Miami Herald Properties —the 2010 plan statesthatthese properties are keytothe redevelopment of the Omni CRA. The CRA plan includes several alternative concept plans and includes development / preservation / redevelopment of the following and including the potential for 200,000+ square feet of retail, 200,000+ square feet of office, 3900 units and PAC parking. • City of Miami and Miami -Dade County School Board Property — the 2010 plan says that there are numerous opportunities for public/private partnerships for redevelopment of School Board and City properties including new housing with mixed -income, new educational facilities, and new parking for the PAC and the Media/ Entertainment district. The plan says that potential development includes 100,000+ square feet of retail, 75,000+ square feet of office, 800 units and PAC parking. • Proposed Zoning Changes —the 2010 plan proposes a number of zoning changes that are important to stimulate redevelopment within the CRA district. Those changes generally include "atlas changes", the creation of a new special district (SD-6.2), development of inclusionary zoning for housing, and development of design guidelines. • Neighborhood Greenspace —The 2010 plan states that because of the anticipated development of new residential units, it is imperative that additional greenspace be developed. The AON includes 1-6 84 Packet Pg. 120 2.1.b Land Acquisition and other projects have been completed but does not specify what lands have been acquired. Streetscapes —the 2010 plan identifies streetscapes as one of the most important components of the public realm and that they have a direct impact on the type and quality of redevelopment and economic potential. The AON identifies streetscapes as Planned projects and states that they should include improved sidewalks, lighting, landscaping and street furniture, although they do not specify which streets. The 2010 plan includes a streetscape "pilot project" at the PAC, and both Primary and Secondary streets that need streetscaping, and the description appears to be similar to the "complete" streets approach to streetscaping. Historic Preservation —the 2010 plan states that historic buildings should be restored and that they embody the heritage of the community and enhance neighborhoods. It identifies eight (8) properties that have a historic designation, that they are in significant disrepair, and surround development should recognize the scale and character of these properties and take measures to ensure that they remain community assets. Based on review of the Annual Reports several historic preservation projects are completed, several underway and a few yet to begin. • Transportation and infrastructure — this section of the plan identifies several projects that are necessary to improve the redevelopment district. The AON notes several projects having been completed including the tunnel although the CRA is paying debt service on the tunnel. Projects which are either on -going or planned include: o Port of Miami Tunnel — complete but paying debt service 0 17t" Street / FEC Crossing 0 2-Way Conversions — N Miami Ave; NE Vt Ave; NE 2nd Ave; NE 17t" Street o Water & Sewer upgrades Strategies In addition to physical projects, the 2010 plan identifies "Social Needs Strategies" which are provided as a framework for improvements to the delivery of human services and groups them into three general categories. • Improve Human Services Delivery • Improve Employment Opportunities and upward Job Mobility • Foster Small Business Development 1-7 85 Packet Pg. 121 2.1.b Conclusion From 2013 to 2017, the CRAfocused its resources on several historic preservation projects, North Bays hore Streetscape, NE 141" Street Infrastructure and Streetscape, payment of debt service for the Performing Arts Center, Community Policing, greenspace improvements to the Margaret Pace Park, Maurice A. Ferre Park, the Miami Entertainment Complex, the Port Tunnel, land acquisition, and streetlight/landscape maintenance. Section 7 of the 2010 Plan, Financing Plan, acknowledges that the total cost of improvements far exceeds the anticipated revenues of the CRA, and states that investment of the private sector and other grant/public sources are necessary to undertake the projects identified in the plan. Consequently, not all projects have been completed. The matrix illustrates that as projects are completed in 2015, other projects commenced in 2016 including Omni Park Greenspace, Dorsey Library Citizens Bank and Woman's Club historic preservation, business and residential rehabilitation programs, housing, School Board Property, business incentive grants, and the 1-395 project. Based on the information in the 2010 CRA Plan, the AON and the Annual Reports from 2013 to 2017, because the total cost of all projects in the 2010 CRA Plan requires a variety of public and private funding sources, implementation of projects must be phased over time. With the projects shown in the matrix above as being completed the other on -going and planned projects can be phased -in as funding becomes available. 1-8 86 Packet Pg. 122 2.1.b Chapter 2 Public Involvement This update of the Omni Area Community Redevelopment Plan is the continuation of efforts from prior plans adopted in 2006 and updated in 2009 and 2010. In 2005 a public participation process was conducted that included numerous individual meeting Omni -area stakeholders and various neighborhood advisory committees, as well as a steering committee comprised of CRA Board member and City Commissioner, neighborhood business and property owners, representatives of the Performing Arts Center Trust and the Florida Department of Transportation. The 2009 update included public hearings for adoption of the Finding of Necessity to expand the boundary of the CRA districts, and the adoption hearings. This plan update included an Assessment of Need for an extension of timeframe for the redevelopment district, as well as input from area stakeholders in a public involvement meeting. The meetings and stakeholder conversations reviewed history of the CRA, past accomplishments, current projects, and to obtain input from stakeholders on what other projects should be included in the plan. Input from the meeting included comments addressing current projects, identification of priorities and the addition of some new projects and were as follows: Transit connections are important. These systems should consider premium and innovative transportation. Affordable housing is a priority for the area. The style and focus of housing should be considered including housing for artists and makers. The 1-395 improvement project is a priority and ensuring that lush landscapes are installed as part of the project. Construction of infrastructure to support new development is important, including the construction of sidewalks and pedestrian amenities. The traffic on NE 2"d Avenue is an issue, and that the street should be able to accommodate all modes of transportation. The CRA should invest in small parks. With minimal investment in benches, trash receptacles, maintenance, and good design these parklets could become community assets There should be a focus on park improvements including those that would be pedestrian friendly and add activities. 2-9 87 Packet Pg. 123 2.1.b Chapter 3 Existing Conditions Existing Infrastructure Conditions Infrastructure within the Omni CRA was evaluated to determine existing conditions and where deficiencies in government -owned facilities exist. This includes: roadways, sidewalks, curbs, lighting, water, sewer, and stormwater drainage. The following is a summary of these findings. It should be noted that these are deficiencies of the existing facilities and not any indication of future needs for such. This updated redevelopment plan includes strategies and implementation funding to remedy these deficiencies as well as for upgrading facilities to better serve future needs and the anticipated increases in population and use. Streets/Roadways Asphalt deficiencies may include significant cracks, potholes, depressions, and/or overall wear. A majority of streets west of NE 2nd Avenue and NE 2nd Avenue itself exhibit these deficiencies, while east of NE 2nd Avenue deficiencies are not quite as evident, however, several streets including NE 2nd Court, NE 4tn Avenue, NE 181" Street and segments of North Bayshore Drive have such issues. The only area where roadway is currently not found is an area where it appears a segment of NE 171" existed between NE Miami Place and NE 2nd Avenue though this area is currently private property. No such deficiencies were noted along US 1, the CRA area south of 1-395 or on that portion of the CRA located on Watson Island. In total, there are approximately 4,000 linear feet of roadway that require asphalt with 4,200 linear feet that require rebuilding. A number of roadways appear to be designed for a higher speed traffic than is generally appropriate in a pedestrian -oriented downtown setting, including wider and more roadway lanes than necessary, larger curb returns than necessary, one-way movement where unnecessary, conflicting and dangerous intersections, and this should be addressed in future road improvement projects. 3-10 88 Packet Pg. 124 2.1.b Sidewalks Exhibit 3-1 Sidewalk Deficiencies Locations of deficient sidewalks, those that are cracked, lifting, missing, or otherwise broken can be found on Exhibit 3-1. Sidewalks with deficiencies can be found throughout the CRA however, only a few segments are of any significant size. Those sections found in the following locations are of some note: NW 22nd Street between NW 5t" and NW 3rd Avenues, NE 19t" Terrace between NE Miami Court and NE 2nd Avenue, North Miami Avenue between NE 17t" Terrace and NE 191" Street, NW 1s' Place between NW 141" and NW 15t" Streets, and a significant area lacking sidewalks along surface roadways within the CRA area on Watson Island. There were no sidewalk deficiencies located in the area of the CRA south of 1-395. The infrastructure review noted approximately 17,000 linear feet of sidewalk that needs to be installed or replaced. 0 �n Legend Roadway Conditions Deficient Curbs D.fic.ti Gw4 O oAN aom� Omni Boundary Curbs The majority of curbing needs are in areas located west of NE 2nd Avenue. Larger areas of need can be found along NW 22nd Avenue between NW 5" and NW 3rd Avenues, NE 191" Terrace between NE Miami Court and NE 2nd Avenue, North Miami Avenue between NE17th Terrace and NE 19t" Street and as with sidewalks, there is a lack of curbing on the surface streets that are within the CRA area on Watson Island. There is no need for any curbs in the area of the CRA south of 1-395. Exhibit 3-2 Curb Deficiencies Approximately 16,500 linear feet of curbing needs to be installed/replaced. This curbing will require gutters along that linear footage as well. The installation of curbing where it does not exist will also necessitate the installation of drainage structures since stormwater will no longer drain into swales or other pervious locations. Up to 24 drainage structures along with approximately 3,500 linear feet of drainage pipe would be required to mitigate stormwater issues with this new curb and gutter installation. 3-11 Packet Pg. 125 Lighting n [ � UP" .--�� 0— Exhibit 3-3 Lighting Deficiencies Street lights were also reviewed as part of this investigation. Exhibit 4-4 shows areas that are deficient in lighting due to insufficient quantities of lights. Most of the CRA area was found to have sufficient lighting. However, several areas were found to be deficient. Roadway segments in need of lighting include: NW 22nd Avenue between NW 5th and NW 2nd Avenues, approximately 300 feet of NW 22nd Lane west of NE 2nd Ave., about 50 feet of NW 22nd Terrace west of 2nd Avenue, the portions of both NW 15th and 16th Streets from NE 1st Avenue to the FEC railroad tracks, and NE 1s' Avenue between 13th and 141h Streets. The streets underneath the viaduct of 1-395 are also underlit, and better lighting should be included with the 1-395 redesign project. No lighting deficiencies were noted east of NE 2nd Avenue nor within those areas of the CRA located south of 1-395 or on Watson Island. The lighting deficiencies within these areas could be remedied with the installation of 14 new street lights. Such lights would need to include sufficient electrical transmission lines to power the lights. Stormwater Drainage The current need for drainage is unknown without a full drainage study being performed. However, as more development occurs on what is now vacant land and as more urban -style curb and gutter is installed along roadways in the CRA, the need for drainage systems will increase exponentially. 3-12 90 Packet Pg. 126 2.1.b Future Land Use City of Miami Since adoption of 2010 Redevelopment Plan, some changes to the Future Land Use Map have been made although areas east of NE 2nd Avenue remain primarily Restricted Commercial and those areas west of NE 2nd Avenue remain primarily General Commercial. The Miami Comprehensive Neighborhood Plan (MCNP) designates the Omni neighborhood primarily as a specially designated "High Density Multifamily Residential Area" allowing up to 500 units per acre in residential density. The Future Land Use Element states the following about the land use designations present in the Omni CRA area: �Ia �a 5 to _ moms m m ,emu m �QI ■� O�tlaa�.a. �a.,.=•.omm.,,. ,_]eeni.w.�. 2020 Future Land Use Omni Boundary Exhibit 3-4 - Future Land use Recreation —the primary intent is to conserve open space and green spaces of a park while allowing access and uses which will not interfere with the preservation of any significant environmental features which exist in the park. Institutional — allows for federal, state and local government activities, major public health or private health, recreational, cultural, religious or educational activities, and major transportation facilities and public utilities. Medium Density Multifamily Residential — allows residential structures to a maximum density of 65 units per acre. Restricted Commercial — allows multifamily residential density, general office, clinics and laboratories, auditoriums, libraries, convention facilities, places of worship, and primary and secondary schools. General Commercial — allows all activities in the Restricted Commercial category as well as wholesaling and distribution activities that generally serve the needs of other businesses. Central Business District — allows all activities in the Restricted Commercial and Institutional designations, as well as residential facilities. Light Industrial — is intended to allow mixed -use development to facilitate the ability of developing a mixed occupancy within a unit in which more than one type of use is provided under live/work or work/live zoning districts. Industrial — intended to allow manufacturing, assembly and storage activities generally including uses which generate noise, smoke, fumes, illumination, traffic and other impacts if not properly controlled. It should be noted that the City's Future Land Use designations will define the limitations on the type, size, height, number, and proposed use of buildings. Any of these items that are not regulated by the Future Land Use shall be governed by the City's zoning designations and codes. 3-13 91 Packet Pg. 127 2.1.b Existing Zoning Exhibit 3-5 Existing zoning The Omni Area Community Redevelopment Plan adopted in 2006 and updated in 2009 stated that at the time, the existing zoning districts in the Omni area are largely defined by higher densities and restricted commercial east of NE 2nd Avenue and lower densities and a wider array of commercial uses on the west. The 2009 plan proposed a number of zoning changes which were to be accomplished in the second phase of work. At the time, the zoning districts included R-3 multifamily medium density, C-1 Restricted Commercial, C-2 Liberal Commercial, CBD Central Business District, G/I Government Institutional, Industrial, SD-6 Central Commercial Residential, SD-6.1 Central Commercial Residential, and PR Parks/Recreation. The Miami 21 zoning regulations have been adopted which take a form -based approach to zoning and development regulations. Current zoning designations within the Omni Redevelopment Area are as follows: T3-0 (Overtown Residential)— this is a Duplex Suburban residential zone allowing up to eighteen (18) dwelling units per acre, but only 2 units per parcel. T4-R— a General Urban residential zone allowing up to thirty-six (36) dwelling units per acre. T5-0 (Generally within Wynwood NRD)— is the Urban Center Zone allowing up to sixty-five (65) units per acre along with some commercial uses. T6-8— Urban Core Transect, which includes the highest density and greatest variety of uses with a by -right building height of 8 stories and a bonus density to allow up to 12 stories. T6-36B-0 (Generally, east of NE 2nd Avenue) — Urban Core Transect, which includes the highest density and greatest variety of uses with a by -right building height of 36 stories and a bonus density to allow up to 60 stories. T6-24A-0 and T6-2413-0 (Areas west of NE 2nd Avenue) — Urban Core Transect, allows a variety of uses but is limited by -right to 24 stories with a bonus density of up to 48 stories. D-1 and D-2 (Along FEC Tracks and NW 14t" Street) —Work Place Districts, these districts implement the Light Industrial and Industrial land use designation. D-1 allows residential density up to 36 units per acre along with lodging uses, office, commercial, civic, civil support, educational and industrial uses. D-2 allows office, commercial, civic, civil support, educational and industrial uses. CS / Cl — these are both Civic Use districts, with CS intended for civic spaces and including docks and open-air retail; Cl is intended for civic institutional uses including docks, open-air retail, adult day care, community support facilities, and other similar uses. Districts that include residential uses as depicted in this map are those that contain the approximately 6,000 dwelling units within the CRA. It should be noted that Limitations on the type, size, height, number, and proposed use of buildings not regulated by the City's land use will be guided by the limitations on these zoning categories. 3-14 92 Packet Pg. 128 2.1.b Government Owned Land There are a number of government - owned parcels within the Omni CRA. These parcels may be owned by the City of Miami, Omni CRA, Miami -Dade School Board, Miami - Dade County, or the Florida Department of Transportation. These parcels maybe be utilized for open space, transportation facilities, office facilities, parking, cultural or recreational facilities, cemeteries, or other such uses and may be the sites of additional such uses and/or future open space or residential facilities Legend Govemmard Parcels o�,P_ Exhibit 3-6 Government owned land within the Omni CRA district boundaries Other Items of Note The maps provided as exhibit in this section are also designed to depict the street layout, public spaces, and open space within the CRA. 3-15 93 Packet Pg. 129 2.1.b Demographics The current population (2018) of the Omni CRA area is 9,541 based on data from Environics Analytics (a nationally recognized source of demographic and market data. This population is housed in 5,916 dwelling units. Other key elements of the demographic and housing data are: • Percent Black = 33.16% • Percent Hispanic = 36.60% • Percent Renter Occupied = 72.58% • Median Value Owner Occupied Units = $445,351 • Residents with Bachelor's Degree or Higher = 44.12% • Median Household Income = $68,797 Percent Families Below Poverty Level = 14.80% Tables illustrating the demographic and Housing data are found on the next three pages. 3-16 94 Packet Pg. 130 2.1.b Table 3-1- Demographics and Housing 2010 Population by Single Race Classification White Alone 5,397 56.55 BlacklAfricanAmerican Alone 3,164 33.16 American IndianlAlaskan Native Alone 32 0.34 Asian Alone 224 2.35 Native HawaiianlPaciflc IslanderAlone 6 0.05 Some Other RaceAlone 438 4.59 Two or More Races 200 2.93 2010 Population by Ethnicity HispaniclLatino 3,492 36.60 Not HispaniclLatino 6,050 63.40 2010 HispaniciLatino Population by Single -Classification Race White Alone 2,738 20.69 BlackJAfricanAmerican Alone 216 2.25 American IndianlAlaskan Native Alone 17 0.18 Asian Alone 5 0.05 Native HawaiianlPaciflc IslanderAlone 5 0.05 Some Other RaceAlone 390 4.09 Two or More Races 122 1.28 2010 Population by Sex Male 4,928 51.65 Female 4,613 48.34 Male to Female Ratio -- 1.07 17 95 Packet Pg. 131 2.1.b Table 3-1 (continued)- Demographics and Housing Married Couple Family, own children 343 15.95 Married Couple Family, no own children 063 40.12 Male Householder, own children 94 4.37 Male Householder, no own children 170 7.90 Female Householder, own children 372 17.29 Female Householder, no own children 309 14.37 2019 Est. Households by Household Size 1-Person Household 2,830 47.84 2-Person Household 1.876 31.71 3-Person Household 637 10.77 4-Person Household 316 5.34 5-Person Household 136 2.30 6-Person Household 76 1.20 7-or-more-person 45 0.76 2019 Est.Average Household Size 1.90 2019 Est. Households by Number of Vehicles No Vehicles 949 16.04 1 Vehicle 3.339 56.44 2 Vehicles 1,363 23.04 3 Vehicles 243 4.11 4 Vehicles 15 0.25 5 or more Vehicles 8 0.14 2019 Est.Average Number of Vehicles 1.16 2019 Est. Occupied Housing Units by Tenure Housing Units, Owner -Occupied 1,622 27.42 Housing Units, Renter -Occupied 4.294 72.50 2019 Owner Occ. HUs: Avg. Length of Residence 2019 Owner Occ. HUs:Avg. Length of Residence 10.81 2019 Renter Occ. HUs: Avg. Length of Residence 2019 Renter Occ. HUs:Avg. Length of Residence -- 5.12 2019 Est. Owner -Occupied Housing Units by Value Value Less Than $20,000 6 0.37 Value $20,000- $39.999 13 0.80 Value $40.000- $59.999 8 0.49 Value $60.000- $79.999 12 0.74 Value $80,000- $99.999 5 0.31 Value $100,000 - $149,999 29 1.79 Value $150,000 - $1 99,999 85 5.24 Value $200,000 - $299,999 250 15.41 Value $300,000 - $399,999 280 17.76 Value $400,000 - $499.999 237 14.61 Value $500,000 - $749,999 383 23.61 Value $750,000 - $999,999 184 11.34 Value $1.000.000 - $1 .499,999 40 2.47 Value $1,500,000 - $1.999.999 57 3.51 Value $2,000,000 or more 27 1.67 2019 Est. Median All Owner -Occupied Housing Value 446.350.00 18 96 Packet Pg. 132 2.1.b Table 3-1 (continued) - Demographics and Housing 2019 Est. Pop Age 25+ by Edu. Attainment Less than 9th Grade 783 8.40 Some High School, No Diploma 865 9.28 High School Graduate (orGED) 1,541 16.53 Some College, No Degree 1,323 14.20 Associate's Degree 604 6.40 Bachelor's Degree 2,520 27.04 Master's Degree 977 10.48 Professional Degree 563 6.04 Doctorate Degree 144 1.54 2019 Est. Pop Age 25+ by Edu. Attain., Hisp.11-at. High School Diploma 604 14.51 High School Graduate 738 17.72 Some College orAssociate's Degree 986 23.68 Bachelor's Degree or Higher 1,837 44.12 2019 Est. Households by HH Income Income K $15,000 836 14.13 Income $15,000 - $24.999 462 7.81 Income $25,000 - $34,999 538 9.09 Income $35,000 - $49,999 439 7.42 Income $50,000 - $74,999 895 15.13 Income $75,000 - $99,999 642 10.85 Income $100,000- $124.999 649 10.97 Income $125,000- $149.999 469 7.93 Income $150,000- $199,999 329 5.56 Income $200,000- $249,999 219 3.70 Income $250,000- $499,999 273 4.62 Income $500,000+ 165 2.79 2019 Est.Average Household Income 100.028.84 2019 Est. Median Household Income 68.797.13 2019 Median HH Inc. by Single -Class. Race or Eth. White Alone 84.244.25 Black orAfricanAmerican Alone 25.370.19 American Indian and Alaskan Native Alone 75.000.00 Asian Alone 130,792.90 Native Hawaiian and Other Pacific IslanderAlone 200,000.33 Some Other Race Alone 44,107.26 Two or More Races 81,125.84 Hispanic or Latino 74,214.21 Not Hispanic or Latino 63.715.12 2019 Est. Families by Poverty Status 2019 Families at orAbove Poverty 1,837 85.40 2019 Families at orAbove Poverlywith children 495 23.01 2019 Families Below Poverty 314 14.60 2019 Families Below Poverty with children 195 9.07 19 97 Packet Pg. 133 2.1.b Chapter 4 Strategic Plan Purpose This section is designed to identify the major strategies, key and catalyst projects and programs that are recommended to be implemented by the Omni Community Redevelopment Agency (CRA). It includes projects outlined in the adopted 2009 Omni CRA Community Redevelopment Plan Update (CRP) (which by this reference is hereby made an appendix to this document) in conformance with the original 1986 Plan. It will also address some new projects and programs that are necessary to further the mission of the CRA and assist in the elimination of slum and/or blighting conditions outlined in the May 2009 Finding of Necessity Report for the expansion of the Miami CRA to include the Omni CRA Redevelopment Area and the 2018 City of Miami Omni CRA Assessment of Need For Extension of Time Frame for the District. While key components of the CRA's future work plan are outlined, this section is not intended to be an exhaustive list of the projects and programs to be undertaken. This section has been created with several specific projects/programs that should be undertaken and all of the mentioned projects/programs should be considered illustrative of the types of activities the Omni CRA should undertake under this Plan. In implementing these projects and programs, the CRA should continue to keep in mind that regular review of conditions of the neighborhood and needs of its residents and property owners is vital in creating effective and cost-efficient projects and programs. Administration This section will include an authorization of CRA administration activities over the lifetime of the CRA. Administering a CRA is often about networking and interacting with residents, business owners, property owners, investors, and developers. The CRA moves forward with its mission due to the interpersonal relationships and trust that develops between the private sector and the CRA, and the residents and the CRA. Advocacy for private projects and for better services are often the mainstay of the CRA Executive Director and the CRA staff. This sometimes conflicts with the role of the local government, which is why it is critical that the CRA staff remain independent and not report through the City bureaucracy but through the Chair of the CRA to the CRA Board and that the CRA maintain its independence. The Omni CRA currently has such a structure and this Plan update shall continue to authorize the CRA be staffed as the Board sees appropriate and shall authorize the incurring and payment of expenditures normal and customary for such an agency and for the activities it undertakes in accordance with this Plan. The CRA shall continue to have all of the authority to operate the CRA as may be granted under §163, Part III, Fla. Stat. and any interlocal agreements with the City of Miami and/or the Miami -Dade Board of County Commissioners. This shall include the right of the CRA to engage staff and outside professionals necessary to plan, construct, carry -out, and/or maintain projects and programs contemplated by this redevelopment plan. The CRA shall retain the rights to enter into agreements, purchase goods and services required to conduct allowable redevelopment activities. This may also include the right to purchase and hold land where necessary for a contemplated activity. As mentioned, networking is critically important to the administration of the CRA. Interaction with other key individuals in other relevant organizations assists is making people aware of the opportunities in the CRA. The Omni CRA benefits from relationships with developers that build mixed -use and commercial facilities of the type desired by the CRA, local historical organizations when promoting the history of the 4-20 98 Packet Pg. 134 2.1.b Omni area, realtors with ties to the developers and retail site locators, and with key people in the tourism, hotel and restaurant industries. There are numerous organizations both statewide and locally that the CRA should maintain membership/relationships with or consider joining and/or being involved. These organizations include, but are not limited to: 1. Urban Land Institute 2. Miami Association of Realtors 3. Builders Association of South Florida 4. National Association of Office and Industrial Parks 5. Visit Florida (The Florida Tourism Marketing Corporation) 6. Greater Miami and the Beaches Convention and Visitors Bureau 7. Florida Restaurant and Lodging Association 8. Greater Miami and the Beaches Hotel Association 9. Dade Historic Trust 10. Catalyst Miami 11. Miami Homes for All 12. The Metropolitan Center at FIU 13. Local Universities and Colleges Involvement with these groups and any other similar groups will promote the CRA and its vision, as well as provide direct contact with individuals and companies that may be attracted to investment opportunities in the Omni CRA. The CRA does not need to get involved in or join every organization identified, however, CRA staff and Board members should attempt to take an active role and participate in membership activities and events hosted by relevant organizations. 4-21 99 Packet Pg. 135 Redevelopment Strategies The remaining subsections shall provide a general description of on -going and planned projects that they CRA may undertake or in which the CRA may have some involvement during the course of its existence. It is important to note that this is an illustrative list of potential projects and is not an exhaustive list of projects that will be undertaken. The CRA is often required to react to ever changing conditions. This plan therefore, provides the CRA flexibility to adjust to market and political considerations as they occur without impeding its ability to continue moving the redevelopment program forward by providing such flexibility while complying with the provisions of §163, Part III, Fla. Stat. This plan is not intended to be a major redirection of the CRA's work plan, and thus many of the activities described below can also be found in "Section 5, Projects and Strategies", of the 2010 CRA Omni CRA Redevelopment Plan. Due to this, 2010 Redevelopment Plan has been included an appendix to this document to be used as a guiding document; where text in this plan body conflicts with that in the appendix containing the 2010 Redevelopment Plan, direction provided by this document, and not the appendix, shall take precedence. The following will start with some strategies that will affect multiple projects (i.e. community benefit strategy), a presentation of specific projects, and will conclude with strategies of a more general nature (i.e. job creation, business assistance, affordable housing). This order of presentation is not to indicate any order of priority or preference. Prioritization of projects/strategies is indicated through policy of the CRA Board and through its annual budget. Implementation of a Community Benefits Strategy In any project assisted by the CRA, with the exception of projects in which the CRA is undertaking on its own or working with a partner to provide workforce, low, or very -low income housing, the CRA should seek to obtain a package of community benefits from the project owner or developer. Community benefits would include assurances that the existing CRA residents/businesses will benefit from the new project through such items (but not limited to) housing and employment opportunities or other social service activities. To be more specific, such benefits could include but not be limited to: 1) The inclusion of an appropriate amount of below -market rate units. These units may be provided at rates for workforce housing (less than 140% AMI) or for low income residents (less than 80% AMI). This would ensure the neighborhood will retain its affordability, reduce the potential for existing residents to be displaced, and afford area workers an opportunity to live near where they work. The target workforce for these types of units are often teachers, clerical workers, entry level professionals, and other service workers. This could also include other housing options for students with limited incomes. 2) The CRA should also strive to ensure these projects maintain appropriate urban design standards that are consistent with the vision for the Omni CRA Redevelopment Area as a complete and active, pedestrian -friendly, urban neighborhood. To this end, the CRA should be a part of the review of any project and encourage components such as, but not limited to, the following when appropriate: Architectural components and placement of these components in a manner that enhances building/development functionality and appearance. b. Activated ground floor uses (including the street side of structured parking) c. Structured parking that includes parking for the general public d. Public plazas or other gathering spaces included within the project 4-22 100 Packet Pg. 136 e. Pedestrian -friendly streetscapes that include: i. Wide sidewalks to allow for pedestrian use and room for activation such as for a sidewalk cafe. ii. Shade trees iii. Benches iv. Trash receptacles v. Pedestrian level -lighting on appropriately designed light poles 3) Each project should provide other benefits that may include: a. A percentage of construction jobs earmarked for employees of the Omni CRA Redevelopment Area (possibly expanded to include Overtown or other adjacent neighborhoods or zip codes) b. Shared parking with availability for public parking c. Availability of housing units to district residents (especially below market rate units) d. Availability of small retail space at below market rents for local "mom and pop" retail businesses owned by district residents e. General commitments of support of the community which may include but not be limited to: i. Joining or otherwise supporting local non-profit agencies providing services within the Omni CRA Redevelopment Area ii. Encouraging employees, residents, businesses to volunteer for local causes iii. Providing forjob fairs, internships, or other on-the-job training where appropriate. Public Improvements in Conjunction with Private Projects Improvements in the public space and in areas of private property that can be utilized by the general public (parking, plazas, sidewalks, etc) should be encouraged as community benefits to be provided by the developer/owner of any project. When such projects are not undertaken by the private developer or they serve a larger neighborhood, and whether projects are undertaken with CRA assistance or without, there may be a need for the CRA to invest in infrastructure around a project, or in limited instances within the project. The CRA should consider and possibly invest in improvements to publicly -owned facilities should they be reasonable and if they are improvements to appearance, functionality or an overall increase in quality -of -life for those residing, visiting, or doing business in the area. These improvements may include, but not be limited to: 1. Housing Affordability 2. Streetscapes - which may include one or more of the following: a. Wide sidewalks b. Traffic calming features C. Trees d. Additional decorative or thematic street lighting 4-23 101 Packet Pg. 137 2.1.b e. Bike lanes f. Street furniture— benches, trash receptacles, etc. g. Bus shelters and benches h. Ride share and mass transit drop-off/pull-outs i. Wayfinding signage (both pedestrian and vehicular level) j. Pedestrian -level street lighting k. Other such elements within the public space 3. Public gathering spaces a. Public plazas b. Neighborhood greenspaces C. Pocket parks 4. Other Infrastructure improvements and upgrades a. Water and Sewer b. Undergrounding or relocation of overhead utilities C. Provision of public wi-fi d. Electric car charging stations e. Public Parking (structured or on -street) f. Public Restrooms facilities g. Informational kiosks 5. Other such improvements or upgrades that may enhance the area and/or provide for a better quality of life for residents, visitors and area business customers. New Development Projects There are a significant number of projects planned for the Omni CRA area. The following is a discussion of the major projects Miami -Dade School Board Properties The Miami -Dade School Board owns several sizeable parcels within the Omni CRA area. These include (but are not limited to) the School Board's Administration Building with an adjacent parking structure and surface parking lot, the buildings currently housing iPrep Academy and WLRN, School Board Parcel 7 to the south of the WLRN building, and a few blocks from these key sites, Phillis Wheatley Elementary School. The City of Miami, Omni CRA and Miami -Dade School Board have all recognized these properties are located in the middle of the Omni CRA Redevelopment Area and are prime for redevelopment and thus have begun to explore a potential partnership for this purpose. The CRA should continue to work with the City and School Board to seek desirable development of these underutilized sites. 4-24 102 Packet Pg. 138 2.1.b Exhibit 4-1 —school board properties The proximity of these properties to downtown, 1-95, 1-395, 1-195, the waterfront and cultural amenities, as well as having two nearby Metromover stations, including one in the center of the area makes them a key target for development. Given the area's zoning which allows for residential and mixed -use products, with bonus units available if affordable housing is included in the project, their potential is even further enhanced. With the CRA's guidance, these properties could anchor new residential projects already being built in the area with mixed -use projects with affordable housing and strong retail, service and restaurant options that do not currently exist. Businesses that locate in this area would provide for residents and visitors to the area's entertainment/cultural facilities, but would also assist in attracting new office uses to the area. In order to utilize these properties, the CRA will need to work with the City and School Board to relocate the uses the School Board has in its current buildings. It would be beneficial for the CRA to endeavor to have some of these facilities that bring workers and students to the area relocate within the CRA. These workers and students can help bring energy and provide a necessary customer base for pioneer businesses locating to new development. Of particular note, in designing redevelopment of the Phillis Wheatley Elementary School site, the CRA should seek to maximize the provision of affordable housing for incomes of teachers and other School Board employees. While providing for new development and a more efficient use of the School Board Properties, the public entities involved all have a more community -oriented mission than profit. Therefore this 4-25 103 Packet Pg. 139 2.1.b partnership can and should focus on creating strong community benefits through any development. With this in mind there are several key aspects of development that the CRA should endeavor to have included in the projects subject to the partnership. These aspects could include, but not be limited to: • The CRA may have need to support projects in or around the School Board properties through investment in the public realm. While developers may participate with public improvements related to their projects, it is not always the case. Additionally, infrastructure in the area may need upgrading or an increase in capacity to safely and efficiently handle an increase in use. • The CRA should consider and possibly invest in improvements to publicly -owned facilities should they be reasonably regarding as improvements to appearance, functionality or an overall increase in quality -of -life for those residing, visiting, or doing business in the area. These improvements any include, but not be limited those outlined previously in the subsection on Public Improvements in Conjunction with Public Projects. • If the CRA is not engaged as a partner one or more projects on the School Board sites, the CRA should work closely with the City to have review authority, or at minimum review consultation, on any projects proposed for the sites. This program has the greatest potential to change the Omni CRA area since the construction/opening of the Adrienne Arsht Center and therefore should be a high priority for the CRA. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Foster a close working relationship with the City and School Board to redevelop School Board property in the Omni CRA to the greater benefit of the public. b) Develop new projects on School Board properties, in conjunction with the City and School Board, promoting the envisioned urban character of these sites and the overall CRA area. c) Seek community benefit concessions from any selected developer(s). d) Implement any necessary public improvements in accordance with the subsection on Public Improvements in Conjunction with Private Projects. e) Relocation of the School Board administrative offices and WLRN to another site within the Omni CRA if possible. f) Increase job opportunities for residents of the CRA and possibly for those of adjacent neighborhoods. g) Provide a mixed -income of housing on these sites including below -market rates for affordability to workforce and lower income families and individuals as well as a student population. h) Enhance street -level activity through ground floor retail uses and pedestrian -friendly streetscape amenities. i) Relocation and support for the iPrep School if and when it is affected by redevelopment of its existing site. The CRA should seek to maximize the availability of housing on this site for teachers and for local area students (generally college or emancipated students) on the Phillis Wheatley Elementary School site. 4-26 104 Packet Pg. 140 2.1.b PHASES OF DEVELOPMENT: a) School Board Parcel 7 — The CRA may participate with the School Board in the development of the School Board's parcel between NE 1s' Court and NE 2nd Avenue south of NE 14t" Street. The School Board is seeking to partner with the adjacent property owner on development of these sites. b) Continue on -going discussions with the School Board and City of Miami, the Miami Parking Authority, and other stakeholders to partner with one another and private developers to develop the School Board -owned Properties c) Partner with the City and neighboring landowners to enhance educational opportunities on City Owned land. d) Partner with the County and the School Board to increase housing opportunities within improved Phillis Wheatley school site. Exhibit 4-1 -Existing School Board Property Site 4-27 105 Packet Pg. 141 2.1.b The following are conceptual depictions of how the School Board property could develop. Exhibit 4-2 Prospective site development School Board Administrative Property 4-28 106 Packet Pg. 142 2.1.b Exhibit 4-7 — School Board Parcel 7 Conceptual Plan 107 4-29 Packet Pg. 143 2.1.b 1-395 "Underdeck" The Florida Department of Transportation has committed to creating a park on land it currently owns adjacent to and under 1-395, much of which is currently vacant or used for parking. This park will utilize this land on which the roadway bridge will be constructed. The park will both be adjacent to the bridge and under it. The CRA should work closely with the City and FDOT, and any selected Operator to ensure any open space that is built is both attractive and functional. The park will be an active link from Omni to the Downtown district and thus clear useable pathways need to exist; the Baywalk may have to connect southward through this park for lack of any other way to cross the 1-395 right-of-way. In addition, the open space needs to be designed in a way that will ensure it can be maintained. Hidden spaces under the bridge may be attractive to the homeless, unwanted graffiti artists, criminals, and other persons who will negatively add to the park and its surroundings. In addition, the right mix of plant materials needs to be installed as the bridge's shadow will cause varying amounts of sunlight at different locations within the park based on the location of the sun over the course of daylight hours. There may be elements of the park the CRA wants to include or the overall design may be over the budget for the project. In this case, the CRA can participate in the costs to ensure a design that is desired by the community. Exhibit 4-9 - 1-395 span proposal 4-30 108 Packet Pg. 144 2.1.b Housing Affordability While projects/programs in this section are not presented in any order of importance, it should be noted that housing affordability is one of the key programs for the CRA to undertake. A key tenant of community building is that the most complete communities, those that provide the best environment for their residents, are those that contain people of mixed incomes. When residents in all phases of life, and those with varying types of employment from entry level professionals to food servers, to teachers, to doctors, and to CEO's of Fortune 500 companies can all live in one area, the community thrives. In today's housing market however, it is particularly difficult to maintain and expand workforce housing (units for households earning up to 120% of AMI) and lower income housing (units for households earning below 80% of AMI). The City of Miami has set an aggressive target of developing 12,000 new or preserved affordable units by 2024. While the Omni CRA may not have sufficient funding by that time to create a significant portion of those units, in later years as the CRA's increment revenue expands, it should be able to make a major impact in providing for such units. While thousands of new housing units have been developed with the City of Miami and thousands more are slated for development within the Omni CRA Redevelopment Area alone, most have been built as market rate or high -end luxury units. It is unlikely that any significant number of single family homes will be built in the district at any time in the future due to the cost of land and the cost of construction. Most new units and just about all the units that will be potentially built in Omni will be in multi -family buildings and many will be rental units. Additionally, very few units built in modern, multi -family buildings contain more than two bedrooms which make them unfriendly for families. Historically, housing in Omni was not high -end luxury except for buildings along the water that provided views of Biscayne Bay. However, with increasing desire to live in Miami and with the congestion that one now experiences in Brickell and Downtown, and with the opening of the Performing Arts Center, investments being made in Maurice A. Ferre Park, easy vehicular access to the interstate highways, and access to mass transit via Metromover stations, more and more people are seeing the benefits of living in Omni. Developers have noticed this as well as the high allowable density in much of the area surrounding the Adrienne Arsht Center. Several new high-rise projects are currently under construction and others are being proposed. In fact, this redevelopment plan strongly encourages such high density residential to be built on the Miami Herald Properties and the School Board Properties. Given these conditions, the CRA needs to find ways to ensure housing remains affordable for all income levels within the district, but particularly for those households meeting workforce or lower income guidelines. It is also important to make sure that housing is available for families. Two major regulatory methods can be employed to provide affordable housing. Inclusionary zoning and density bonuses. Inclusionary housing is where the City mandates that each new housing project provides a certain percentage of units for households making below a pre -established income level. While this ensures a certain number of units, such a program could have the effect of increasing costs to renters/buyers to the other residents of the project as they would have to make up for revenue that would be lost by providing the lower -cost units rather than selling or renting them at market rates. Additionally, such programs are much more successful when the housing market is booming and costs exceed revenues by a greater percentage. Should the CRA wish to pursue such a regulation, it should be monitored to see if it remains cost-effective to the housing provider to continue to develop. The City already employs a Bonus Density program through its zoning code. In certain zoning districts, developers can obtain the right to build more units on a property if a percentage of units on the property 4-31 109 Packet Pg. 145 2.1.b are maintained as affordable for lower income residents. It is through this program that the CRA is hoping to provide a significant number of units for workforce and lower income households within the School Board Properties. There are also several programmatic methods the CRA can employ to increase the supply of affordable housing. All of the following methods will have the effect of lowering housing costs and can be implemented by the CRA: To Assist For -Profit Housing Providers in the CRA could: 1) Acquire land and sell or give it to a developer at below market cost. 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided. 4) Undertake projects in the public realm that might otherwise be the responsibility of the developer (i.e. streetscapes, sidewalks, roadway improvements) 5) Grant funds to assist in rehabilitation of an existing housing project. 6) Provide a liaison person knowledgeable in the development approval and building permit processes in the City to shepherding the project through development approvals in an efficient manner. To Assist or partner with non-profit housing providers the CRA could: 1) Do any of the activities it could do for a for -profit developer. 2) Provide a cash grant to the non-profit to provide the affordable housing 3) Acquire and own housing units that it would then either lease to the non-profit a minimal cost or in which the CRA could hire the non-profit to manage on its behalf. 4) Acquire and own land which it would lease to a non-profit to build upon for a minimal cost. 5) Create a Community Land Trust that would own the land upon which any such for -sale housing would be built. With such an entity, the land trust would continue to own the land that would then not be subject to property taxes. The building on the land would remain taxable however. To Assist Workforce or Lower Income Buyers the CRA could: 1) Provide down payment assistance. 2) Subsidize or guarantee interest on a mortgage. 3) Provide rehabilitation funds so a buyer could afford to purchase a unit with repair or upgrading needs. To Assist Workforce or Lower Income Renters the CRA could: 1) Provide rent subsidies for rental housing 2) Provide a grant or loan for first/last month's rent and security deposit. Other programs the CRA may wish to undertake is one to ensure that those of limited means can afford to stay in a home they already own. This could be in the form of: 4-3 2 110 Packet Pg. 146 2.1.b 1) Continuation of the CRA's Partnership with Miami -Dade Rehabilitation Assistance to help in repairing housing units for owners with limited income. 2) Creation of a CRA program to provide assistance to repair, maintain, and upgrade homes to maintain the livability of the housing unit. 3) Assistance for emergency repairs (i.e. roof, or plumbing emergencies) 4) Assistance for compliance with City code upon receipt of a notice/citation from the City. 5) Assistance to install energy efficiency upgrades that would reduce monthly and annual bills related to living in the home. In addition to these methods, the CRA should seek additional ways to reduce the cost of providing affordable housing. The CRA could find unique and creative ways to reduce cost of providing housing that may be applicable for all such projects or there may be specific costs associated with an individual project that the CRA could pay for, undertake, or otherwise find a way to reduce with the understanding that savings would be passed along to the resident and not added to the return on investment. The CRA should also look at other programs it might be able to develop to assist target income residents reduce costs to stay in and maintain their homes. Any such program that would provide reduced cost maintenance or service provision would help these residents and simultaneously, maintain the stock of affordable units in the district. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Increase the supply of affordable homes for lower income and workforce households as a percentage of all units within the CRA. b) Support the City's Bonus Density program for projects containing affordable units for target households. c) Devise and implement programs to assist housing providers in creating affordable units for target households. d) Consider the creation of a Community Land Trust to own land upon which affordable units exist. e) Partner with non-profit organizations to provide affordable units within the district. f) Create and implement programs to assist target income households purchase or rent within their means. g) Create and implement programs to assist target income households rehabilitate, and/or maintain units they currently own. h) Seek new and creative ways to reduce the cost of providing affordable housing. ON -GOING PROJECTS: a) Acquisition and repair subsidy for rehabilitation of 16 Corners project b) Repair subsidy for rehabilitation of Bullard Apartments c) Land acquisition and rent subsidies for new projects in Overtown d) Mortgage subsides for available TIF e) Land acquisition and mortgage subsidy for f) Continued partnership with Rebuilding Together to undertake home rehabilitation 4-33 111 Packet Pg. 147 2.1.b Adrienne Arsht Center for the Performing Arts The Adrienne Arsht Center for the Performing Arts have been important in establishing the Omni CRA as a destination. As the Miami Herald area and School Board properties area develop, it will be important to support these uses/users and to maintain certain components to these facilities and to enhance the area to ensure they remain a featured destination. Parking is a key component to these facilities. Existing parking lots in the area are either privately owned or property of the Florida Department of Transportation (FDOT). The development potential for these sites is high (and encouraged by this Plan) and thus they will not exist in perpetuity. Some part of the FDOT property will be utilized for 1-395 widening. A project that is scheduled to be completed in the Fall of 2023. In addition to use for the 1-395 widening, a large portion of the remaining FDOT land is anticipated to become a public park. The CRA should seek opportunities to add additional public parking in the area. This can be in the form of CRA or City purchased and/or constructed parking (either structured or on -street) or by working with adjacent land owners/developers to provide for public parking in their property or within their developments. Efforts should also be taken to ensure that streets and sidewalks leading from public parking, drop-off/pick- up sites, or mass transit facilities are safe with sufficient sidewalk size, condition, and visibility and crosswalks are safely designed for the level of pedestrian use and vehicular traffic. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Increase public parking opportunities both on public and private land for these patrons of the Adrienne Arsht Center for the Performing Arts. b) Enhance safety along key pedestrian routes from parking areas and retail/restaurant areas within the Omni CRA Redevelopment Area to the Adrienne Arsht Performing Arts Center and Knight Concert Hall. ON -GOING PROJECTS: a) Locating and providing parking for the Adrienne Arsht Center for the Performing Arts. Annual funding of a portion of the Adrienne Arsht Center's debt and the CRA's annual funding of cultural facilities within the CRA (which includes funding to this facility as well as others in the CRA). 4-34 112 Packet Pg. 148 Infrastructure While there is existing infrastructure within the Omni CRA Redevelopment Area, there will be a need overtime to increase capacity, modernize, and relocate utilities. The CRA should continuously review conditions of various forms of infrastructure within the district and coordinate with the responsible entities for each. This will allow the CRA to understand infrastructure issues within the area including any noted deficiencies, work programs, and timelines for upgrading or modernization. The CRA should participate or undertake infrastructure projects where such involvement will promote desired development quicker or more efficiently than would otherwise be undertaken by regularly responsible entities. Roads and Streetscapes One of the most important components of redevelopment is upgrades to area aesthetics and functionality. The appearance of an area, and the condition of roads, sidewalks, and other amenities within the public rights -of -way are key to quality of life. Increased quality of life drives area desirability and thus increases private sector investment. Roads and streetscapes are key to the public sector investment in the Omni CRA Redevelopment Area. Several key projects have been undertaken to date including projects on 14t" Street, Bayshore Drive, and NE 2nd Avenue. Projects similar to these should be undertaken throughout the CRA. These projects should be designed to make more efficient use of the rights -of -way, add components that cater more to pedestrians and bicycles than cars, and provide for activation of sidewalks. A package of improvements that would implement a "complete streets" design within the Omni CRA Redevelopment Area should be considered for any roadway/streetscape improvement project. In addition to enhanced streetscapes, it is imperative to keep roadways and sidewalks maintained in a clean and safe condition. Exhibit 3-1 was developed from information gathered in the preparation of the Assessment of Need prepared in 2018 as part of the Omni CRA's request for an extension of time. This map shows areas deficient in one or more of the elements of a standard roadway. These deficiencies do not include any enhancements but instead identify facilities with baseline issues such as potholes, raised sidewalks, broken curbing, and broken or missing lighting. While this map is not intended to limit work to be done to these areas, it is indicative of issues within the CRA district. As these facilities also have a limited lifespan, the CRA should regularly monitor them and work with the City, County, or State to repair them, or work with these entities to rehabilitate or rebuild them. Efforts should also be made through roadway projects to enhance circulation through the district in order to keep vehicles moving and ensure the safest, most efficient, and quickest routes to any destination within the district. To this end, the CRA should continuously review street design to ensure that bicycles, pedestrians and vehicles do not negatively interact in any area, that on -street parking is safe and does not impede traffic, that traffic calming methods and devices are utilized to reduce accident points. In addition, the CRA should also consider the continued change of one-way streets in the district to two-way streets where such a change would enhance circulation and improve visibility for businesses along any such street. 4-35 113 Packet Pg. 149 2.1.b Roads/Sidewalks Roads and sidewalks should be upgraded and modernized to provide a minimum standard which includes, but is not limited to: 1) Smooth, stable ride on a road surface with no major potholes, cracking, depressions, or standing water for extended periods. 2) Sidewalks that are not lifting, buckled, or cracked and which meet all requirements of the Americans with Disabilities Act. 3) Where appropriate, Curbs that are not cracked, lifting, or of insufficient height to convey stormwater efficiently or prevent vehicles from encroaching on swales. Lighting that is sufficient to illuminate the entire roadway and sidewalk area so as to provide visibility and safety to users of the roadway/sidewalk. Streetscapes Streetscape projects should be undertaken throughout the district in order to give a sense of neighborhood and safety as well as to enhance overall aesthetics. On streets with commercial, mixed -use, and/or high density residential uses or future uses and where the street is activated or to be activated, streetscapes should be designed to enhance the area, allow for use of sidewalks for restaurant/cafe seating or other appropriate use, and to establish an area wide theme. Streetscapes should include one or more "complete street" elements such as, but not limited to: 1) Trees 2) Bicycle lanes within street corridors 3) *Furniture — benches, trash receptacles, planters, etc. 4) Bus shelters and benches 5) *Ride share and mass transit drop-off/pull-outs 6) *Wayfinding signage (both pedestrian and vehicular level) 7) *Informational kiosks 8) Pedestrian -level street lighting 9) *Decorative street lighting 10) Wide, pedestrian -friendly sidewalks 11) Crosswalks differentiated through the use of alternative materials (i.e. stamped asphalt/concrete, colored concrete, brick pavers) Other such elements within the public space *Lower density residential or industrial areas not on major corridors nor intended for dense urban - styled development do not need to include these elements. Transitions between different areas of the CRA such as between the Media/Entertainment district and the Bayfront can be accomplished through subtle changes in overall streetscape elements. These changes can be in the form of species of tree, style changes in street furniture, or style or height of street lights. 4-36 114 Packet Pg. 150 2.1.b The CRA should prioritize projects by Streets and/or street segments where investment has the highest potential to increase private sector investment, activate the street into a lively business destination, or provide safe avenues of travel from one area of the district to destination uses within the district. This isn't to say priority projects will be undertaken first. The CRA will have to weight a project's priority with budgetary constraints and efficiencies when it is possible to collaborate on a project with another entity that may have a need to install utilities in that right- of-way or may be undertaken a widening or upgrading project themselves as the owner of the roadway/right-of-way. Expanding another entities project to include CRA desired work (at the CRA's expense) is often a cost-effective method and also may prevent roads and sidewalks from being closed and under construction for each individual project. Water and Sewer The Miami -Dade Water and Sewer Department (WASD) serves the Omni area with water and sewer utilities. The entire of the Omni area has water and sewer availability through WASD and the provision of such services are not anticipated to impede any redevelopment projects in the CRA. This is not to say that there will not be a need to modernize and harden facilities to ensure continued service. Water and sewer services have been provided throughout the County for quite some time and it is not unusual to find water and wastewater lines that exceed 50 years of age which is generally considered to be the average lifespan of such lines. Lift stations and pump stations can also become problematic over time leading to unreliability in service. This unreliability comes from both aging and, as has been experienced more recently, a heightened threat of the loss of power due to natural disasters. Many utilities have begun to expand the number of such facilities with automatic generators to ensure continued service through such events. While provision of these services is generally paid for by user fees and outside grants, the CRA should work with WASD to modernize these utilities during any major streetscape or roadway rehabilitation in which the roadway surface is disturbed. This will ensure that newly reconstructed roadways are not disturbed by water or wastewater main breaks and that residents and businesses are not inconvenienced by such occurrences. The CRA should also work with WASD to increase capacity, if a future need is established, when replacing water and wastewater facilities during a road/streetscape project and assist in hardening lift and pump stations. The CRA may have to fund such projects that may be outside the normal and/or anticipated timeline for WASD. In all such cases, the CRA should seek to lend funds to WASD until such time as the project would have otherwise be undertaken. This can be in the form of cash, in -kind services (where installation is part of a larger CRA or City project), or the CRA can structure a program with WASD that allows it credits for work done. In the instance of a credit program, WASD could provide credits to the CRA equal to the value, or some portion thereof, of work undertaken. The CRA could then either sell these credits or grant them to developers to offset the cost of water/wastewater connection and/or impact fees. However, if such a repayment is not appropriate for an individual project, the CRA may have to provide for the cost to ensure quality facilities within the district. 4-37 115 Packet Pg. 151 2.1.b Stormwater Drainage Many parts of the Omni CRA Redevelopment Area, as they exist today, were constructed at a time when development was much less dense. Historically, stormwater was not a significant issue as there was an abundance of undeveloped land onto which water could flow and percolate into the ground. Additionally, few, if any environmental regulations were in place that required any storage and/or filtration of stormwater. In addition, the South Florida region is now dealing with sea level rise that will reduce capacity of existing stormwater facilities (due to higher groundwater levels) while requiring more capacity. The CRA should work with the City of Miami to keep close watch on areas of concern and ensure that existing stormwater facilities continue to operate as designed. The CRA should be ready to participate in programs to expand stormwater drainage systems where capacity is not being maintained and where anticipated need requires increased capacity. While this is generally the responsibility of the City's Stormwater Utility, it is critical that the CRA key a watchful eye on this infrastructure as having flooding issues can lead to a decrease in investment in the area. This is an area that has seen increased level of funding and thus the CRA/City should monitor State and Federal notices for potential grant opportunities. Other Overhead Utilities Electric, telephone and cable utilities are generally provided via overhead transmission lines through the Omni CRA Redevelopment Area. The CRA should make effort to ensure that with new projects such utilities are placed underground. This is both for aesthetic and storm hardening reasons. Such projects can be costly, however, utilities such as Florida Power and Light have recently enacted policies in which they utility will bear a larger portion of the overall cost of undergrounding their lines. This shift was due to findings that neighborhoods with underground electric were less likely to experience power outages from hurricanes over the last few years and where power outages existed, they affected fewer customers. The CRA should consider such projects throughout the district and should evaluate the potential costs and benefits to undergrounding of these utilities when undertaking any roadway or streetscaping construction project. 4-38 116 Packet Pg. 152 2.1.b Transportation Network and Strategic Miami Area Rapid Transit (SMART) Plan There are other key gaps in the 5 transportation network that the CRA �AAeronA wph Satlae ®iO M° should consider completing such as a "ww„„ „•,• ,, ° ° ° roadwaycrossingof the FEC railroad r tracks at NW 17t" Street. In addition, if assistance is needed in implementing or upgrading mass a g transit opportunities outlined in theE- n ,..A Strategic Miami Area Rapid Transit " - _ ace-• � � v��Ah U U U (SMART) Plan the CRA should Mr M . �-="w °=a_ °� °"' consider and possible participate in its implementation (of particular.` importance to the area would be the Exhibit 4-1 Beach Corridor Proposed Alignments potential funding of a portion of the Beach Corridor connecting the Omni CRA Redevelopment Area to the barrier island, and north to Wynwood and Midtown). Mass transit will be a vital transportation link in Omni as the population grows and the area transforms into a more densely population urban environment. Movement of people with such facilities will limit congestion on the roadway network and reduce commuting times. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Ensure that all streets and sidewalks are free of deficiencies that impair their appearance and function. b) Construct pedestrian -friendly streetscapes throughout the CRA. c) Construct streetscapes in commercial, mixed -use, and high -density residential areas that encourage activation. d) Work closely with Miami -Dade Water and Sewer Department to ensure modernization of water and wastewater facilities within the CRA. e) Work with Miami -Dade Water and Sewer Department to ensure sufficient water and wastewater capacity continues to exist for anticipated projects within the CRA. f) Work with the City of Miami Stormwater Utility to ensure sufficient capacity is available to convey and store stormwater throughout the CRA for both existing and future needs. g) Evaluate the potential to underground utilities where they currently exist overhead and undertake such projects when found to be cost beneficial h) Evaluate the potential for all infrastructure when undertaking roadway reconstruction or streetscapes, such as undergrounding utilities and upgrading and increasing capacity of existing underground facilities. i) Plan and construct a crossing of the FEC railroad tracks at NW 17t" Street. If appropriate, assist in the implementation of the SMART plan to reduce pressure on the transportation network and better serve those that live in Omni with a focus on the Beach Corridor line from the Omni area to the barrier island. 4-39 117 Packet Pg. 153 2.1.b ON -GOING PROJECTS: a) Roadway Conversions from one to two-way streets a. N. Miami Avenue b. NE 1" Avenue c. NE 2nd Avenue d. NE 171" Street b) Street Lighting upgrades — CRA-wide c) Water and wastewater replacement and upgrades Continued payment of CRA share of Port Tunnel debt service Parks and Greenspace The 2010 redevelopment plan states that because of the anticipated development of new residential units, it is imperative that additional greenspace be developed. As the potential for thousands of new residential units still exists in the Omni CRA Redevelopment Area, this is still true and will continue to be so into the future. Existing parks will need to be upgraded and new parks constructed to provide for the demand for outdoor open space for recreation, relaxation, and special events. Baywalk One of the most utilized public spaces in the CRA is the Baywalk. Running along the edge of the bay, this space is utilized by residents as a place to stroll, run and bike. The Baywalk is envisioned to run the entire length of the City's bayfront. Currently, the Baywalk does not extend through the Miami Herald Properties site and does not link with portions of the Baywalk south of 1-395 in Maurice A. Ferre Park. The CRA should work with the owners of the properties which the Baywalk does not traverse to ensure this segment is constructed. If development plans in this area turn out to be far into the future, the CRA should consider an agreement that would allow a basic, but safe, pathway through the property until construction commences. The CRA should also partner with any other property owners to ensure expansion of any limited areas of the facility. The CRA should investigate ways for the Baywalk to cross under 1-395 to connect with portions on the south side of the highway. It is critical that this link be established as the Baywalk will then become a true alternative transportation facility and will be utilized by pedestrians, bicyclists, and others to travel to and from downtown. The Baywalk facilities should also be properly maintained to ensure its continued use and expanded when the addition of new features may make it a more desirable amenity for casual users. Maurice A. Ferre Park The City and CRA have been working for a number of years to implement a long range master plan for this park. The 2010 plan recommends continued funding by the CRA to implement the park plan and to provide annual support for capital program. The CRA should continue to follow this 4-40 118 Packet Pg. 154 2.1.b recommendation through its annual grant for cultural amenities in the CRA. This grant, currently at 35% of the CRA's annual increment revenue, makes funds available to the Adrienne Arsht Center, the museums at Maurice A. Ferre Park, and other such cultural facilities. While this park does have two museum buildings constructed on its 40+ acres, about half of the property is still open space that is very needed in the area. Other Area Parks and Greenspaces The CRA should look to fund upgrades to and encourage additional programing in other existing parks and green spaces in the district where such improvements will enhance the ability of residents and visitors to enjoy the outdoors and/or to undertake recreational activities. New equipment, upgraded landscaping, parking facilities, waterfountains, new and expanded walkways and upgraded or new athletic fields (where feasible) are an example of the types of upgrades that may be beneficial to these parks. Street Tree Improvements The CRA has produced an inventory of available tree planting spaces in the Omni neighborhood and some surrounding areas. Trees are a large economic benefit and planting trees in the neighborhoods improves quality of life, health, and economic vitality. The FEC Railway Deep Water Slip (FEC Slip) Exhibit 4-2 Available Street Tree Locations This area south of Maurice A. Ferre Park, which was once a deep -water slip, is currently underutilized. The CRA should work with the City to determine the slip's future and should participate in costs associated with filling in the slip and/or activating the area. The site should be considered for an expansion of Maurice A. Ferre Park though all opportunities for this area should be explored. Whateverthe final course, the CRA should be involved in activating this site and should continue to be involved in the discussions of what it should ultimately become. New Parks and Greenspaces The need for open space will exceed the supply in existing parks and greenspaces therefore, the CRA should look for other opportunities to acquire land for small parks and open spaces. The addition of pocket parks consisting of a small portion of land with limited furniture and landscaping can be placed between large buildings or within an existing right-of-way to provide a green space for residents of the areas of Omni that are anticipated to contain large, multi -story, mixed -use and residential projects. The CRA should also look at the possibility of acquiring strategically located parcels large enough for uses such as basketball/tennis courts, playground equipment, picnic areas, 4-41 119 Packet Pg. 155 2.1.b KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Provide a continuous Baywalk through the Omni CRA area from Edgewater to Downtown b) Work with FDOT to ensure a high -quality, functional design and construction for the 1-395 "Underdeck" green space. c) Work with the City to determine the future of the FEC Slip and participate in activating this site. d) Upgrade and encourage more activation of existing parks within the CRA e) Upgrade and ensure maintenance of existing greenspaces within the CRA. f) Utilize existing City -owned land or acquire land to construct both new pocket parks and a larger more active park(s) Utilize small publicly owned spaces as greenspaces with limited benches and landscaping. ON -GOING PROJECTS: a) Baywalk construction and improvement where needed b) Improvements to Margaret Pace Park c) Improvements to Dorsey Park d) Improvements to Biscayne Park e) Land acquisition for new park(s) Miami Herald Properties Area Collectively these properties, comprise a key area with potential for a catalyst project(s). This area, which includes the highly visible waterfront property that once housed the Miami Herald's facilities and offices, should be developed into a signature mixed -use destination. This would provide a critical private sector anchor to attract people to the waterfront/performing arts center area and connect this area to the 14tn Street Media/Entertainment District. The owner at the time of the authoring of this Plan, Genting Group's Resorts World Miami has suggested the use of the site for a hotel/resort with residential and retail, but there no current movement towards development. If Genting or another company with international credentials were to develop the site as envisioned, it would help market the District, promote additional supporting development, and attract spending and employment to the area. Much like the School Board properties, the parcels in this area are prime for development. However, the properties in this area are almost exclusively in private hands with the exception of the Arsht Center, Knight Concert Hall, Omni Bus Terminal and several lots adjacent to 1-395 which FDOT will utilize in the highway's widening project or which will become a park around and under the highway. The CRA will have to rely on City zoning regulations to ensure development that is compatible with the Omni CRA's vision. While the CRA cannot require a developer to exceed regulatory requirements, it should work with them to encourage the provision of community benefits as outlined previously and should at minimum seek the following benefits for the public: 1) Affordable housing 2) Target percentage of local hires 3) Commitments of support for local community groups and initiatives 4-42 120 Packet Pg. 156 2.1.b 4) Parking open to the public (particularly to support the Arsht and Knight venues) 5) Baywalk connection The Baywalk provides public access to the bay and is a vital pedestrian and recreational component of the waterfront in the Omni CRA Redevelopment Area. It is important that the CRA work with the owners of bay front properties in this area to ensure access for and construction of the Baywalk across these properties. This will allow for a flow across this section with the ability to continue through the district and link with that portion south of 1-395. Incentives such as reimbursements for all or some costs related to the desired benefit(s), the undertaking of a project in the public realm that would have otherwise been the responsibility of the developer, or some other mutually agreed upon method, can be utilized to encourage the afore mentioned benefits The CRA should monitor any development plans that are proposed and should work with any future developers in this area to ensure their projects seamlessly transition from the site across the Arsht Center and Knight Concert Hall and into the remainder of the district. It should also encourage any developer to provide affordable housing, local job opportunities, and other benefits to the community The CRA should look for opportunities to enhance the area that may present themselves and are beneficial to the community. Like the School Board properties, the CRA may need to invest in the public realm. If streets in this area remain public and improvements are not made a part of any development agreements/orders, the CRA should consider and possibly undertake improvements on publicly owned property such as those outlined in the previous subsection Public Improvements in Conjunction with Private Projects. The Agency should also seek to maintain the Miami -Dade Transit bus terminal in its current location or near to the current location to ensure transportation choice for all residents, employees, and visitors to the area. Maintenance of the terminal will also mitigate traffic and parking in the area as it transforms to a denser, urban destination. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Increase communication with private property owners/developers to convey the CRA vision and to assist in identifying potential issues as early in the development process as possible. b) Attract internationally recognized owner/developer to build a mixed -use product at the Miami Herald properties. c) Encourage the development of affordable housing within private projects d) Encourage developers and business owners to employ residents of the Omni area. e) Encourage developers/business owners to provide other community benefits to the Omni CRA Redevelopment Area f) Enhance the public realm surrounding private development in the area. g) Increase public parking within private developments in the area. h) Retain the Omni Bus Terminal within the immediate area. Provide for public access to the bay by continuation of the Baywalk through any new waterfront development 4-43 121 Packet Pg. 157 2.1.b Historic Preservation While the CRA is poised as a strong advocate for redevelopment of the Omni area through new projects and the modernization of existing properties, this should not be done at the expense of history. Too often older buildings are believed to be obsolete and are left to deteriorate or are demolished in the pursuit of the future. While Miami is a relatively young city, it has historic properties that should be preserved to connect us to the past and allow us to reminisce. There are currently nine historic properties within the Omni CRA; six properties that are listed on the National Register of Historic Places, two that are eligible but are not listed due to owner concerns at the time of nomination and two properties that have been declared historic by the City of Miami. These properties are: 1) The Miami Cemetery 2) Miami Fire Station #2 3) S & S Diner 4) Trinity Episcopal Church 5) The Miami Woman's Club 6) Sears Tower 7) Shrine Shops (eligible for National Register but not listed) 8) Dorsey Memorial Library (locally designated) 9) Citizen Bank Building (eligible for National Register) 10) Vera Building (locally designated) The CRA has been instrumental in preserving several of these structures with unique architectural characteristics that provide an important look back into Miami's past. The CRA should continue to advocate for and fund historic preservation projects and work to inform residents and visitors of these properties important link to Miami's past. Additionally, the CRA should work to identify any other structures/properties which may become eligible for historic designation in the future due to their age, architectural style, or other connection to Miami's past. The CRA should also endeavor to ensure that new construction/development in the area of these properties respects the unique character and the scale of these buildings and does not detract from their importance as community assets. KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Continue to advocate for and participate in the preservation of historic structures/properties in the CRA. b) Communicate the importance of historic properties and their link to Miami's past. c) Ensure through advocacy that new development/construction does not detract from historic properties. d) Identify any additional properties/structures that may become eligible for historic designation ON -GOING PROJECTS: a) Preservation and rehabilitation of historic Citizen Bank Building. b) Potential improvements to the Miami Cemetery 4-44 122 Packet Pg. 158 Economic Development/Small Business Programs One of the most important activities the CRA can undertake is to assist in the attraction of businesses and jobs to the district. In the redevelopment area, it will be critical for new restaurants, retail stores, and other service providers to be attracted to locate to the area. People want to move to or visit an area with a good business environment and in which they can buy desired items, find providers of personal services, and find good food and drink, unfortunately, these types of businesses are often the last entities to locate in a growing area as they require the consumer be in place so that they can have sufficient income to survive. Additionally, creating jobs gives established residents employment choices that may provide them increased income or reduced commutes to work. Creatingjobs also gives new or potentially new residents the opportunity to live and work a short distance apart. The CRA can and should assist in business attraction and job creation. As mentioned, businesses need customers to survive. Given the growing nature of the redevelopment area, there is an increasing need for businesses to meet the growing demand, however, because of the area has not established itself as a solid consumer base, businesses are reluctant to be "pioneers" in the area. Even more restricting, the lack of consumer demand history makes financial institutions reluctant to lend to such entities. It can be difficult to find those pioneer businesses willing to take such a risk and for existing businesses to continue to operate in such an environment. To assist in these efforts, the CRA should continue to implement its business assistance programs and should look for opportunities to create new, effective programs designed to attract and retain businesses. The CRA has an excellent track record with its Business Incentive Grant Program which assists qualified business or property owners with building and property improvements that are directly related to opening of a new business, improving an existing business, remedying code violations, providing ADA access and eliminating blighting neighborhood conditions in the targeted areas of the Omni CRA. This program provides matching funds to make these improvements and can cause certain fees of the City to be waived. In addition, this program the CRA could look at additional creative methods to assist new and existing businesses. The following programs could be developed and implemented over time: 1) Creation of a designated CRA liaison who is available to assist businesses in the area when issues arise with governmental agencies such as City Code Compliance, Building or Zoning Departments, Police Department, or the Health Department. Additionally, the liaison could assist in resolving issues related to the public realm such as sidewalk or roadway issues, drainage problems, parking issues, or area safety concerns. 2) Relocation assistance — A program could be created to assist businesses that move into the Omni CRA from outside of the City (so as not to negatively impact other areas of the City) in paying for such relocation expenses. Such expenses could include some fixed amount or percentage of total cost for the moving of equipment and/or stock, the cost of re -printing business materials or advertising a new location. 3) The CRA could undertake or create a business group to undertake area shared marketing. Such an effort could place advertisements touting the district and multiple businesses within it. This would provide for more cost-effective marketing and would promote the district which would benefit all businesses in the district. This effort could also work with entities such as the Adrienne Arsht Center and area museums to run cross promotions. If successful, such an effort could grow into a business improvement district or a merchant association that could take over efforts as the business community grows. 4-45 123 Packet Pg. 159 2.1.b 4) A program to guarantee interest on a business loans could be developed. Such a program would guarantee a minimum percentage interest return on a loan to a new business or existing business for equipment or property improvements. This would reduce the cost of borrowing to the business and offer only minimal risk to the CRA as it would only be guaranteeing a percentage of interest payment on the loan. 5) Small business grants can be made available in small increments to assist more locally owned "mom and pop" type businesses with simple activities that might otherwise difficult for them to undertake such as expanding advertisement, creating a more effective social media and web -based presence, or to attend a business training seminar. 6) A retail advisor could be periodically be made available to businesses for consultation. Such individuals or firms visit business locations and make recommendations as to how better to display products for sale, or to create a welcoming storefront or interior environment. Such consultations can be made over a short visit to the business (an hour or so). 7) The CRA could provide customer service training for the employees of any business in the district that interact directly with customers. This could be the front desk person at an insurance office, retail sales clerks, or wait staff at a restaurant. Such training could assist business owners in providing better service 8) The Omni CRA should provide an ongoing annual contribution of $250,000 to The Miami Bayside Foundation for a Small Business Loan and/or Grant program for use to assist businesses within the CRA boundaries, and for the creation of a Scholarship Fund helping students of the district attend university, college, and technical college. The CRA should continue to seek new and innovative methods and programs to attract businesses to the district, assist them in increasing and maintaining their customer base, and to have the facilities and tools available to them to help them survive and thrive Job Creation Another aspect of economic development for the CRA is the creation of jobs within its boundaries. Some of this goes hand -in -hand with business assistance efforts. As long as there are businesses that are thriving, there will be new jobs created. The attraction of jobs serves several purposes. It provides additional customers for existing businesses and it can provide jobs and therefore income to residents of Omni which would allow them to not only continue to reside in the district, but could provide them jobs close to home which would reduce commuting. The CRA would most likely want to incentivize the creation of higher wage jobs, those paying more than an average wage for the area. The exception to this might be to subsidize the creation of lower wage, limited -time training positions, to assist district residents transitioning off public assistance, or to encourage businesses to expand their hours by hiring additional help. The CRA could develop a job creation incentive program that would grant funds for the creation of jobs at desired income levels. Such a program could reimburse a business a fixed amount or a percentage of salary for a period of time for each job created and filled for a year. The reimbursement could be at amounts that increase based on the job's salary. The benefit to such a design is that it incentivizes higher wages and does not have a cost if the job is not created or filled. This type of assistance could help in attracting better paying jobs to the area to complement lower wage service jobs. Again, the CRA should continue to seek other creative incentives to create and attract newjobs to the area. Any program that would offset the cost to a business of newly created jobs could incentivize a business to do so. 4-46 124 Packet Pg. 160 2.1.b KEYACTIVITIES FOR THE CRA TO UNDERTAKE: a) Increase the number of businesses within the CRA b) Assist new and existing businesses find ways to survive and thrive c) Incentivize the creation of businesses within the CRA. d) Incentivize job creation to create a larger consumer base. e) Incentive job creation to create employment opportunities for Omni residents. ON -GOING PROJECTS: a) Implementation of the Business Assistance program grants b) Assistance to the El Doris "Morgan's" jazz/speakeasy Quality of Life Projects/Programs By virtue of being an area declared to contain slum and/or blight, one can assume the district has a number of quality of life issues. In the Omni Redevelopment Area, these issues range from appearance of its streets and parks, homelessness, crime, limited opportunities and support for the area's lower income residents. To this end, the CRA must identify and address such quality of life issues that continue to exacerbate blighting conditions in the area. These issues tend to all affect the way people, both residents and visitor, interact with and react to the area. Some quality of life concerns have already been addressed in other parts of this section, therefore, many of those addressed here do not lay within the purview of any single topic area nor do they necessarily have any other relationship to one another. To identify quality of life issues, the CRA should consider undertaking a on ongoing survey of residents to determine issues of greatest concern. More established means of determining issues of concern will assist the CRA in prioritizing these issues and find ways to address them. The CRA area experiences a higher level of calls for police than the remainder of the City. The CRA should work with the Police Department to address the nature of these calls and determine if there is some type of crime or topic of such calls that can be addressed by the CRA or other entity. Additionally, the CRA should continue its efforts to provide for community policing innovations and level of police involvement in Omni that exceeds the level for the remainder of the City. Involvement by the Police in district will help reduce crime and give residents and visitors a greater sense of security even if no such concern is warranted. Community policing assists not only in preventing and solving crime, but in enhancing the relationships between police and the community. Another issue of concern within the CRA is homelessness. Not only is homelessness an issue for those who experience it, but for the CRA the negative connotation of having a visible homeless population can reduce investment in the area and sour the experience of visitors, reducing the chance they will return. To address this, the CRA has and should continue to work with the Miami -Dade Homeless Trust and to fund initiatives to reduce homelessness in within its boundaries and to provide for shelter and other needs for those that are homeless and live on the streets within the redevelopment area. Besides eliminating the effects on the district, to undertake such programs is also the socially beneficial and correct thing to do. A program that both enhances the Neighborhoods and employs the homeless is the Purple Shirts Program. The CRA funds a program to pay the wages of workers and a manager from the Chapman Partnership Homeless Assistance Center. This group then assists in picking up litter, pressure washing graffiti and sidewalks, landscaping, and keeping up the public and green spaces in the Redevelopment area. This program should be retained and expanded due to its success. 4-47 125 Packet Pg. 161 2.1.b The need for social services within the district is also of high concern. Services provided by agencies such as mental health, financial assistance, and career training could reduce the high level of calls for police and for calls for fire and emergency medical services. However, a concern has been raised that social service delivery in the district is inefficient and uncoordinated. The CRA could provide a central location within its boundaries in which social service agencies could interact with the public in order to facilitate a more efficient and effective delivery of services. The CRA could schedule the various agencies to be on -site to meet with residents of area to answer questions address needs and concerns and could be responsible for informing the public of this availability. This would also foster a closer relationship between the CRA and the various providers. As the CRA seeks to revitalize the area, developing talent and opportunities for the underserved will contribute to the goal of elevating the quality of life for residents. The creation of scholarships and work study -programs could provide tuition assistance to resident students who major in fields of value to the CRA and the neighborhood. Internships with the CRA and/or business and non-profit partners would provide valuable work experience, and an immediate mechanism to give back to the community. Providing access to education to those financially incapable of securing the path to higher learning will yield the skills and opportunities that the community sorely needs. The levels of increased poverty in the CRA Redevelopment Areas and the aging infrastructure make hurricane season very hard on residents. Improvements to homes and businesses can easily be destroyed and high deductibles make recovery difficult. Power outages tend to last longer in certain CRA neighborhoods, making businesses at risk for burglaries and break-in. The Omni CRA should implement a residential disaster relief, and/or business interruption program to help small businesses and residents of the CRA. ON -GOING PROJECTS: a) Funding community policing within the CRA b) The Purple Shirts Program or other homeless assistance programs c) Grants to homeless organizations or other nonprofits d) Police innovation and enhancement program e) Land acquisition and rent or mortgage subsidies for new low-rise apartment, or single family/duplex projects in f) Land acquisition and rent or mortgage subsidies for new midrise projects g) Continued partnership with Rebuilding Together to undertake home rehabilitation h) Disaster relief for home- and business -owners 4-48 126 Packet Pg. 162 2.1.b Chapter 5 Implementation Plan Implementation Through the Financing Plan The Omni CRA has been inexistence since the October 23, 1986 by the Dade County Commission's adoption of Resolution 86-868. A redevelopment plan was adopted in that same year and the CRA began to collect increment revenue and began its work program. Unfortunately, this plan did not lead to significant program implementation or change within the CRA. Thus, the City caused a new plan to be written in 2006 which was then amended in 2009 and 2010 to reflect a 200+ acre expansion of the CRA. This plan was adopted in 2010 and a more ambitious work plan was engaged as the CRA began implementation. While excellent progress has been made, financial obligations to two major projects, the Performing Arts Center and the Port of Miami Tunnel, have limited the CRA's ability to invest in a number of projects contemplated by the most recent plan. Due to this, the CRA recently obtained access to a $25 million loan through Bank United. This loan will assist in undertaking a number of projects, however, the debt service on this loan will add to CRA's limited amount of funds available for projects and programs for the short term under several anticipated projects are completed and added to the tax rolls. A focus of the CRA in the next few years will be the Miami -Dade School Board Properties, an initiative outlined in Section 4 Redevelopment Strategies. Should this strategy be successful and other planned developments come on-line as anticipated, a significant amount of new revenue will be generated to complete implementation of other initiatives in this redevelopment plan. In fact, if everything comes together, all of the initiatives anticipated by this plan update will be financially feasible during the extended lifetime of the CRA. The following section identifies the financing program for the projects and the implementation of the overall program. Assumptions Several assumptions must be made in order to make any meaningful projections. Trends in real estate, including historical values and increasing values of multi -family residential and mixed -use projects within the City of Miami and the entire South Florida Region were reviewed. Through this review, future conditions were also anticipated. This was used to formulate projections of future growth in values. The escalation rates used in this projection assume that a certain momentum will carry forward as the Omni area develops further and the CRA implements the projects and programs outlined in this plan update. An annual increase of 4% in Taxable Value is projected over the extended life of the CRA through 2047. While some years may see larger increases in Taxable Value and some will see smaller increases, it is believed that this flat 4% increase over time is appropriate. Value growth of both the original Omni Area and the 2009 Expansion Area are assumed to grow at the same rate. It is also assumed that projects that are in the approval process or under construction at the time of the preparation of this document will be completed with assumptions made about when these projects will reach substantial completion and be added to the tax rolls. Finally, millage rates are assumed to stay constant at FY 2018 levels of 4.6669 mills for Miami -Dade County and 7.5865 for the City of Miami (a total of 12.2534 mils). 5-49 127 Packet Pg. 163 2.1.b Revenue Projections The Omni Community Redevelopment Agency has two different areas for which its increment revenue is determined. The original area of the CRA, created in 1986 utilizes a 1986 base year taxable value, while the 2009 CRA expansion area utilizes the 2009 taxable value as its base year value. As the 4% growth factor is utilized for both areas, a single base year value was established and is used for making revenue projections. These two values are added to give a total base year taxable value of $246,898,822. The objective of the CRA is to promote a wide range of community improvements and redevelopment activities. The CRA provides a mechanism for capturing the tax increment generated by the increase in taxable values over the Base Years. The plan introduces a timeframe expansion of the CRA which will extend its lifetime to the maximum 60 years allowed by law from the 1986 initial year of the CRA. This will take the CRA to FY 2046-2047. Over the remaining 27-year life (including the current year) of the CRA, this stream of funds is a substantial amount. Table 5-1 summarizes the fund flows generated by the CRA from Tax Increment Financing (TIF). 5-50 128 Packet Pg. 164 2.1.b Table 5-1 TIF Projections 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Current Taxa ble Value $1,929,903,162 $2,007,099,288 $2,087,383,260 $2,170,878,590 $2,257,713,734 $2,389,022,283 $2,S67,083,175 $2,983,766,SO2 $3,439,117,162 $3,727,181,848 $3,927,269,122 $4,135,359,887 $4,351,774,283 $4S76,845,254 $4,759,919,064 Growth4% $77,196,126 $80,283,972 $83,495,330 $86,835,144 $90,308,549 $95,560,891 $102,683,327 $119,350,660 $137,564,686 $149,087,274 $157,090,765 $165,414,395 $174,070,971 $183,073,810 $190,396,763 New Projects School Board 9.5 acres $51,000,000 $51,000,000 $51,000,000 $51,000,000 $51,000,000 $51,000,000 $51,000,000 School Board Parcel $17,000,000 $17,000,000 $17,000,000 $17,000,000 Herald Site $42,500,000 $42,500,000 Mara Wynwood $10,000,000 Bayvi em, $40,000,000 $40,000,000 Citizen's Bank $8,000,000 Canvas $65,500,000 $65,500,000 Melody $64,000,000 $54,000,000 150 NE 19th Parcel $64,000,000 $64,000,000 Phillis Wheatley $59,500,000 $59,50Q $2,007,099,288 $2,087,383,260 $2,170,878,590 $2,257,713,734 $2,389,022,283 $2,S67,083,175 $2,983,766,502 $3,439,117,162 $3,727,181,848 $3,927,269,122 $4,135,359,887 $4,351,774,283 $4,576,845,254 $4,759,919,064 $4,950,315,827 Base Year Taxable Value $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 Incremental Taxable Value $1,760,200,466 $1,840,484,438 $1,923,979,768 $2,010,814,912 $2,142,123,461 $2,320,184,353 $2,736,867,680 $3,192,218,340 $3,480,283,026 $3,680,370,300 $3,888,461,065 $4,104,875,461 $4,329,946,432 $4,513,020,242 $4,703,417,005 TIF Tax Rate 12.2534 Incremental Taxes $21,568,440 $22,552,192 $23,575,294 $24,639,319 $26,248,296 $28,4L147 $33,535,934 $39,115,528 $42,645,300 $45,097,049 $47,646,869 $53,298,681 $53,056,566 $55,299,842 $57,632,850 TIF Collected 95% $20,490,018 $21,424,582 $22,396,529 $23,407,353 $24,935,881 $27,008,640 $31,859,138 $37,159,752 $40,513,035 $42,842,197 $45,264,525 $47,783,747 $50,403,737 $52,534,850 $54,751,207 Cumulative TIF 1 $21,424,5821 $43,821,1111 $67,228,46SI $92,164,3461 $119,172,qgSl slSl,032,1231 $188,191,875 $228,704,9101 S271,547,1071 S316,811,6321 $364,SqS,3791 $414,999,1161 $467,S32,9671 $S22,285,174 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2045 2047 Current Taxable Value $4,950,315,827 $5,148,328,460 $5,354,261,598 $5,568,432,062 $5,791,169,344 $6,022,816,118 $6,263,728,763 $6,514,277,913 $6,774,849,030 $7,045,842,991 $7,327,676,711 $7,620,783,779 $7,925,615,130 $8,242,639,736 $8,572,345,325 Growth4% $198,012,633 $205,933,138 $214,170,464 $222,737,282 $231,646,774 $240,912,645 $250,549,151 $260,571,117 $270,993,961 $281,833,720 $293,107,068 $304,831,351 $317,024,605 $329,705,589 $342,893,813 New Projects School Board 9.5 Acres School Board Parcel Herald Site Mana Wynwood Bayvi e W Citizen's Bank Canvas Melody 150 NE 19th Parcel Phillis Wheatley $5,148,328,460 5,354,261,598 $5,568,432,062 $5,791,169,344 6,022,816,118 $6,263,728,763 6,514,277,913 6,774,849,030 7,045,842,991 $7,327,676,711 7,620,783,779 $7,925,615,130 $8,242,639,736 $8,572,345,325 $8,915,239,138 Base Year Taxable Value $246,898,822 246,898,822 $246,898,822 $246,898,822 246,898,822 $246,898,822 246,898,822 246,898,822 246,898,822 $246,898,822 246,898,822 $246,898,822 $246,898,822 $246,898,822 $246,898,822 Incremental Taxable Value $4,901,429,6 $5,107,362,7 $5,321,533,2 $5,544,270,5 $5,775,917,2 $6,016,829,9 $6,267,379,0 $6,527,950,2 $6,798,944,1 $7,080,777,8 $7,373,884,9 $7,678,716,3 $7,995,740,9 $8,325,446,5 $8,668,340,3 F Tax Rate 12.2534 Incremental Taxes $60,059,178 $62,582,559 $65,206,875 1$67,936,164 $70,774,625 $73,726,624 76,796,703 79,989,585 $83,310,182 $86,763,604 $90,355,162 $94,090,382 $97,975,012 $102,015,026 1$106,216,641 TIF Collected 95% $57,056,219 $59,453,431 $61,946,5321 $64,539,3561 $67,235,894 $70,040,293 $72,956,868 $75,990,106 $79,144,673 $82,425,424 $85,837,404 $89,385,863 $93,076,261 $96,914,275 $100,905,809 Cumulative TlF 1 $124,111,181 $584,043,61 $645,990,141 $710,529,501 $777,765,39 $847,805,69 $920,762,551 $996,752,66 $1,075,897, $1,1S8,322, $1,244,160, $1,333,546, $1,426,622, $1,S23,536, $1,624,442,3 N 00 4M CIO 3 Y V 0 m i 0 +r 7 0 0 rt+ i 0 (U O N O N r d i i N 00 0) CID cd G s v ca Q 5-51 129 Packet Pg. 165 2.1.b Funding Strategy Revenue projections from a steady source of funds such as a CRA tax increment can be used to finance a number of catalytic programs designed to trigger the redevelopment of the area. This is the essence of a redevelopment plan. Prior planning efforts, with community involvement, have yielded a lengthy list of program, projects, and improvements desired. The CRA revenue stream can be allocated to accomplish these projects in some order of priority. This section of the plan will present a financial model that summarizes the anticipated revenues and expenditures of the CRA. This model is intended as a planning tool, so that the programs, projects, and improvements can be matched against available funds. Later in the section, goals for major catalyst programs to be undertaken by the CRA will be outlined. The CRA funding model is presented in Table 5-2. It is essentially a budget that lists projected revenues and expenses for each of the future 26 years of the CRA. Indeed, it is prudent practice to review these projections on a periodic basis, so that the assumptions in the model can be assessed against actual experience. What follows is a brief explanation of the structure and assumptions of the model. Table 5-2 is organized to list fiscal years in adjacent columns across the top. The revenues and expenditures are listed in the leftmost column, in typical budget form, with all revenues listed first, then all expenditures. The primary source of revenue is, of course, the tax increment. As previously discussed, this begins as a modest amount, but grows quickly in successive years as long as redevelopment and general economic growth keep increasing the taxable value of the properties within the CRA. Other sources of funding, such as grants from various state and federal agencies, can and should be pursued. It is important to note that this model shows a "pay as you go" program from FY 2018 forward. This is a very conservative method of payment. The CRA could, once some of the newer projects come on-line, borrow against future revenues. A borrowing of this time could significantly increase the start time of many infrastructure projects. This would allow the projects to be completed sooner, accelerating growth even greater than the assumed 4% annual increase, however borrowing would have significant interest costs. In the future, the CRA may find that any interest rate may accelerate growth enough to easily cover the cost of borrowing, making it a preferred financing option. An accelerated implementation could lead to surplus increment revenue that could be returned to the taxing authorities contributing to the CRA and, could ultimately lead to early termination of tax increment payments to the CRA once any outstanding bonds are satisfied. 5-52 130 Packet Pg. 166 CRA Expenditures The financial projections discussed here allow the CRA to budget for anticipated expenses to achieve the goals of the community vision. Most of the bond proceeds will be directed to paying for capital improvements and land acquisition. In addition, the tax increment funds will provide a substantial cash flow for other programs and activities, as well as the administrative overhead needed to further the community's objectives. These programs and expenditures are discussed in more detail in Chapter I-4 of this report with targets and goals outlined later in this section. Identification of Catalyst Projects/Programs and Initial Goals This Plan provides for the creation of various different types of projects and programs to achieve the elimination of blight conditions within the CRA area. There are several key project/programs that have been specifically detailed in Section 4 of this report and which have been funded by the possible 26 year funding model shown in Table 5-1. The catalyst projects are those that should be pursued vigorously as they will make the greatest impact on Omni both in terms of taxable value and enhancement to the quality of life for the neighborhood's residents. The top catalyst projects /programs will be outlined below along with initial goals. This list is not presented in any particular order of importance or priority. NOTE: Goals outlined in this Section are more susceptible to market forces outside of the CRA's control (i.e. land prices, available TIF, buyer's tastes, growth in the surrounding areas). 1) The Miami -Dade School Board Properties — Work with the Miami -Dade School Board and City of Miami to develop several key parcels owned by the School Board. This project will include the relocation of School Board activities including the School Board Administrative offices, the iPrep School and the studios of WLRN public radio, and potentially a relocation or re -construction of Phillis Wheatley Elementary School. The land will be utilized to construct new residential and mixed -use projects that will include workforce housing and housing affordable for lower income households. GOALS: a) Development of all School Board Properties. b) Relocation of School Board activities within the Omni CRA. c) Formulation of a package of incentives to ensure developments with residential components include significant mixed -income housing units, where possible. d) Developments with ground floor commercial and other types of uses that activates the street. Developments that are pedestrian -friendly, reduce or eliminates the need for private automobiles due to proximity to mass transit/ride share facilities and availability of goods and services within a reasonable distance. 2) Miami Herald Properties — Work with private property owners to develop properties in this area into anchor uses including mixed -use, residential, hotel/resort and commercial. GOALS: a) Development of all available sites by 2025 b) Location of anchor facilities with internationally recognizable facilities that will attract visitors to the area. c) Continuation of the Baywalk through these properties to maintain public access to the waterfront. 5-53 131 Packet Pg. 167 d) Completion of complimentary improvements to public space/rights-of-way in the immediate area. e) Inclusion of public parking within the private development. 3) Adrienne Arsht Center for the Performing Arts Parking — The CRA needs to ensure that these facilities have nearby available parking. As the School Board Properties are developed and as the Florida Department of Transportation constructs the 1-395 widening and the "Underdeck" park, spaces for patrons of events at the Adrienne Arsht and Knight facilities will dwindle. GOALS: a) Ensure any private parking facilities built in the area include parking open to the public. b) Locate appropriate structured parking in the immediate area that can be shared with other facilities, including Miami -Dade County School Board. c) Enter into shared parking agreements with any private parking facilities in the area whose prime users utilize the facilities during hours when performances at the Adrienne Arsht and Knight facilities are not common. 4) Infrastructure — This category includes the construction/reconstruction, rehabilitation, location, or upgrading of several types if infrastructure. This includes, but is not limited to facilities for: Streetscapes, roadways, curbs, sidewalks, stormwater drainage, water, wastewater, cable, electric transmission, voice and data transmission as well as the transportation network and mass transit facilities. It recognizes that as development occurs, there will be a greater stress on these facilities, increase the need for these facilities and thus require additional capacity, and these facilities will need greater protection (hardening) to ensure they continue to function after disaster or other disruptive events. GOALS a) Undertake a full infrastructure studies to determine all needs and estimated costs related to infrastructure and prioritization by project within each type. b) Complete rehabilitation to all deficient streets, sidewalks, curbs, and lighting c) Complete rehabilitation to all deficient water/wastewater facilities d) Complete streetscape installation to enhance quality of life by providing, pedestrian -friendly amenities throughout Omni as well as shade and lighting. e) Complete a CRA-wide stormwater system that conveys/retains stormwater and prevents regular flooding due to rain events and sea -level rise. f) Underground overhead utilities to harden the CRA area against storms and other events. g) Assist, where necessary, in the implementation of the Strategic Miami Area Rapid Transit (SMART) Plan. 5-54 132 Packet Pg. 168 2.1.b 5) Parks and Greenspaces — With the significant increase is visitors and residents anticipated in the Omni area, the limited system of parks and greenspaces within the area will be insufficient to serve the population. Existing parks such as Biscayne Park and Margaret Pace Park are in need of rehabilitation and expansion where possible and Maurice A. Ferre Park is not yet fully built -out. The CRA may have to contribute to ensure a quality "Underdeck" open space that is a part of FDOT's 1-395 project. There will be a significant need for new parks and the CRA may need to acquire land and construct new facilities, particularly smaller pocket parks or limited, passive greenspaces. GOALS: a) Upgrade existing park facilities to accommodate use and additional activation for increased population b) Ensure the City in fully develops Maurice A. Ferre Park as per its master plan/vision c) Ensure the "Underdeck" open space is designed and constructed in a manner that is acceptable to the community and such that its maintenance is sustainable. d) Acquire land through donation or purchase for, and construct new parks and greenspaces throughout the CRA district. 6) Housing Affordability —The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient amount of units that are affordable to the target populations b) Work with local non-profit housing providers to build new units or rehabilitate existing units for occupancy by the target populations c) Continue and expand programs to assist individual, target population, home owners with rehabilitation/emergency repairs to their homes to ensure they can remain in the homes and that an affordable housing stock is maintained. d) Create mortgage subsidy and/or down payment assistance programs to help the target population purchase homes. 5-55 133 Packet Pg. 169 2.1.b Table 5-2- Funding Model - - ---------- - - ---------- b Increment Revenues from City mt Revenues Available - ---------- Total Operating Expenses C. Debt Service and L ing-Farm Obligation 2. MAX Miami Agreement -�® 3. PAC Interlocal Payment to County -�� ---------- (Revenues -Operating Expenses- Debt Service) Herald 2. Miami -a Properties3. ---------- ---------- Perform ling Arts Center ---------- ---------- - ---------- ------ ------ c Streetlights ®®®--®® -----� ---------- ®®®® b Social Service Delivery Improvements c Purple Shirts Program -®® -®®® IF N 00 Q 3 Y V R m C C O O y d d' C O U 0 N O N t0 d C 3 N 00 0) 00 C 4) s v ca Q 5-56 134 Packet Pg. 170 2.1.b Table 5-2 continued - - ---------- - - ---------- b Increment Reven-s from City Revenues Available 461.6crement ---------- Total Operating Expenses C. Debt Service and L in, Term IbIlisai ------- ------- ------- ----� ---------- ---------- ---------- ---------- - - - - ---------- a Public Improvements - ------ ---------- ---------- ------ ®� ®® ®®®�® ®�® ®�------ b Social Service Delivery Improvements �®•® c Purple Shirts Program ®®® IF ------ 5-57 135 Packet Pg. 171 2.1.b Table 5-2 continued SUMMARY 2038 _ MIL .. ,,, , "2 2044 2045 2046 2047 A. Revenues 1. Increment Revenuesl a. Increment Revenues from County $ 26,675,946 $ 27,786,770 $ 28,942,026 $ 30,143,493 $ 31,393,018 $ 32,692,525 $ 34,044,011 $ 35,449,557 $ 36,911,325 $38,431,564 b. Increment Revenues from City $ 43,364,346 $ 45,170,098 $ 47,048,080 $ 49,OD1,180 $ 51,032,405 $ 53,144,879 $ 55,341,352 $ 57,626,704 $ 60,002,950 $62,474,245 Total Increment Revenues Available $ 70,040,293 $ 72,956,868 $ 75,990,106 $ 79,144,673 $ 82,425,424 $ 85,837,4D4 $ 89,385,863 $ 93,076,261 $ 96,914,275 $ 100,905,809 B. Expenses 1.Administrative Expenses $ 3,032,340 $ 3,183,957 $ 3,343,155 $ 3,510,313 $ 3,685,829 $ 3,870,120 $ 4,063,626 $ 4,266,807 $ 4,480,149 $ 4,704,155 2.Contracturaland ProfessionalServices $ 2,779,645 $ 2,918,627 $ 3,064,559 $ 3,217,787 $ 3,378,676 $ 3,547,610 $ 3,724,990 $ 3,911,240 $ 4,106,802 $ 4,312,142 Total Operating Expenses $ 5,811,985 $ 6,102,585 $ 6,407,714 $ 6,728,100 $ 7,064,505 $ 7,417,730 $ 7,788,616 $ 8,178,047 $ 8,586,950 $ 9,016,297 C. Debt Service and Long Term Obligations 1. Port of Miami Tunnel Grant to City 2. MAX Miami Agreement 3. PAC Interlocal Payment to County 4.35% Global Agreement Payment $ 24,514,102 $ 25,000,000 $ 25,000,000 $ 25,ODD,000 $ 25,000,000 $ 25,000,000 $ 25,OOO,000 $ 25,ODD,000 $ 25,000,000 $ 25,000,000 5. Global Agreement Payment for M ussum Park 6. 2018 Tax Increment Revenue Notes Total Debt & Long -Term Obligations Total Non-Project/Program Expenditures $ 24,514,102 $ 25,000,000 $ 25,000,000 $ 25,000,000 $ 25,000,000 $ 25,001 $ 25,000,000 $ 25,000,000 $ 25,000,000 $ 25,000,000 Availablefor Projects/Programs $ 30,326,088 $ 31,102,585 $ 31,407,714 $ 31,728,100 $ 32,064,505 $ 32,417,730 $ 32,788,616 $ 33,178,047 $ 33,586,950 $ 34,016,297 Availablefor Projects/Programs $ - $ (Revenues -Operating Expenses -Debt Service)4 $ 39,714,205 $ 41,854,283 $ 44,582,392 $ 47,416,574 $ 50,360,919 $ 53,419,674 $ 56,597,247 $ 59,898,214 $ 63,327,325 $ 66,889,512 D. Proiect/Program Expenditures 1. School Board Properties a. Affordable Housing b. Infrastructure Improvements 2. Miami Herald Area Properties a. Public Improvements 3. Perform ling Arts Center 4.1-395"U nderdeck" Park a. Contribution/Maintenance $ 1,979,932 1 $ 2,078,928 $ 2,182,875 $ 2,292,018 $ 2,406,619 $ 2,526,950 $ 2,653,298 $ 2,785,963 $ 2,925,261 $ 3,071,524 S. Infrastructure Improvements $ a. Streetscapes $ 2,DDD,000 $ 2,450,000 $ 3,000,000 $ 3,ODD,000 $ 3,000,000 $ 3,032,996 $ 3,OOO,O00 $ 3,DDD,000 $ 3,000,000 $ 3,000,000 b.Road/Curb/Sidewalk Rehabilitation $ 1,50D,000 $ 2,000,000 $ 2,000,000 $ 2,996,749 $ 3,000,OOD $ 2,500,000 $ 3,OOO,O00 $ 3,DDD,000 $ 3,000,000 $ 3,000,002 c Streetlights $ 300,000 $ 300,000 $ 300,000 $ 300,DD0 $ 300,000 $ 300,000 $ 300,000 $ 205,193 $ 205,193 $ 205, 193 d.fwater/sewer $ 500,000 $ 500,000 $ 1,000,000 $ 1,ODD,000 $ i,DOD,OOD $ 1,000,00o $ 1,DD0.000 $ 1,DDD,000 $ 1,000,0DD $ 1,000,000 e. Stormwater Drainage $ 2,DD0,000 $ 3,000,000 $ 3,000,000 $ 3,ODD,OOD $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 3,675,909 $ 3,675,808 $ 3,675,808 e.Utility Undergrounding $ 1,5D0,000 $ 1,500,000 $ 1,500,000 $ 1,5DD,OOD $ 1,000,000 $ 292,666 e.SMARTPlan&Transportation Network Assistance $ 4,405,313 $ 3,433,079 $ 3,899,509 $ 4,493,779 $ 6,598,016 $ 9,458,251 $ 11,030,221 $ 11,149,434 $ 11,149,434 $ 11,149,434 6.Park&Greenspace Improvement/Maintenance $ 609,505 $ 639,980 $ 671,979 $ 705,578 $ 740,857 $ 777,900 $ 816,795 $ 857,634 $ 900,516 $ 945,542 7.Housing Affordability Prm rams $ 21,012,088 $ 21,887,060 $ 22,797,032 $ 23,743,402 $ 24,727,627 $ 25,751,221 $ 26,815,759 $ 27,922,878 $ 29,074,283 $ 30,271,743 8. Economic Development/BusinessAssistance a. Business lmprovement/lobCreation Grants $ 500,000 $ 500,000 $ 50D,000 $ 500,000 $ 500,000 $ 50D,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000 9. Quality of Life Improvements a. Corm-ni-i Policing/Pu b lic Safety $ 942,825 $ 989,966 $ 1,039,464 $ 1,091,437 $ 1,146,009 $ 1,203,310 $ 1,263,475 $ 1,326,649 $ 1,392,981 $ 1,462,630 b. Social Service Delivery Improvements $ 72,199 $ 75,809 $ 79,599 $ 83,579 $ 87,758 $ 92,146 $ 96,753 $ 201,591 $ 106,670 $ 112,004 it CRA Scholarship Program $ 25C,000 $ 250,000 $ 250,000 $ 250,DD0 $ 250,000 $ 250,000 $ 250,OOO $ 25C,000 $ 250,000 $ 250,000 c Purple Shirts Program $ 346,488 $ 363,812 $ 382,003 $ 401,1D3 $ 421,158 $ 442,216 $ 464,327 $ 487,543 $ 511,921 $ 537,517 it Homeless Programs $ 1,795,956 $ 1,895,649 $ 1,979,932 $ 2,079,928 $ 2,182,875 $ 2,292,018 $ 2,406,619 $ 2,526,950 $ 2,653,298 $ 2,785,963 Total Project/Program Expenditures $ 39,714,205 $ 41,854,283 $ 44,582,392 $ 47,416,574 $ 50,360,919 $ 53,419,674 $ 56,597,247 $ 58,789,643 $ 60,345,364 $ 61,967,357 Total Increment Revenue Available $ 70,D40,293 $ 72,956,868 $ 75,990,106 $ 79,144,673 $ 82,425,424 $ 85,837,404 $ 89,385,863 $ 93,D76,261 $ 96,914,275 $ 100,905,809 Total Operating Expenses $ 5,911,985 $ 6,102,585 $ 6,407,714 $ 6,729,100 $ 7,064,505 $ 7,417,730 $ 7,788,616 $ 8,178,047 $ 8,586,950 $ 9,016,297 Total Debt Service/Obligations $ 24,514,102 $ 25,000,000 $ 25,o00,O0o $ 25,ODD,000 $ 25,000,000 $ 25,o00,O0o $ 25,OOO,000 $ 25,DDD,000 $ 25,000,000 $ 25,OOgaoo Total Project/Program Expenditures $ 39,714,205 $ 41,854,283 $ 44,582,392 $ 47,416,574 $ 50,360,919 $ 53,419,674 $ 56,597,247 $ 58,789,643 $ 60,345,364 $ 61,967,357 Surplus Funds $ 0 $ (0) $ (0) $ (0) $ (0) $ 0 $ 0 $ 1,108,571 1 $ 2,981,961 1 $ 4,9220155 7a 0 i 0 i 0 rt+ c0 G M C 0 E Q 0 0 N CO M Q 3 Y V 0 m 0 i 0 +.r 0 0 C 0 (U O N O N t0 r 0 0 N CO 0) CO a..r c0 G s v ca Q 5-58 136 Packet Pg. 172 2.1.b Chapter 6 Exit Strategy When is Redevelopment Complete? One of the most difficult concepts in the implementation of a Community Redevelopment Agency is to gauge when redevelopment is completed. This is because redevelopment is never actually "complete." The Community Redevelopment Agency or any other entity can always find more projects and/or more programs to fund to make an area better. However, CRA's have finite lives and a time does need to exist when the regular stream of revenues reverts back to the City of Miami to carry out the full breath of its mission as well as to Miami -Dade County to provide the services for which it is responsible. It is the intent of this section to modifythe question of "When is redevelopment complete?" to "when has the Community Redevelopment Agency completed its assigned task?" When has the Community Redevelopment Agency Completed its Assigned Task? This Community Redevelopment Plan Update outlines the work plan for the Omni Community Redevelopment Agency. Many projects and programs are contained within this Plan. The completion of the Community Redevelopment Agency's work and the subsequent end or "sunset" of the District will either be based on the reaching of the additional 15 years (until 2047) it may be allowed to continue to operate or the completion of all anticipated projects and substantial advancement of goals and objectives of the described programs and the repayment of any and all debt. Once all of the following questions can be answered affirmatively, the Omni CRA Redevelopment Area should be closed down and the Omni Redevelopment Trust Fund should cease to exist. Have the projects outlined and/or contemplated by the Community Redevelopment Plan been substantially completed and paid for including related debt (except for on -going maintenance of the projects) as outlined in the Plan or any appropriate Five -Year Action Plan? 2. Have the programs outlined and/or contemplated by this Community Redevelopment Plan been implemented and have they substantially impacted the community and/or met their stated goals? Has all debt from the implementation of projects and programs been retired? Any review of these questions should also include whether there are other sources of funds available to the CRA, County or other agency or group to complete any outstanding projects or programs of the CRA. If these outside sources are sufficient, consideration should be given to early termination of tax increment payments and the cessation of the CRA. Five Year Plan Review as a Method of Mitigating Changes in Local Conditions and the CRA's Success. While answers in the affirmative to the questions in Subsection B (above) should trigger the completion of CRA's efforts, it recommended that the CRA not rely on the original list of projects outlined in this Plan as a final and absolute list, but instead, utilize these projects as a "living document" that will be the subject of a review and update every five years (or other times when conditions warrant). As part of the five-year update, a Review and Future Action Plan should also be prepared. The Review portion should include a progress report that indicates the success of the CRA in attaining its stated goals 6-59 137 Packet Pg. 173 given market and other outside forces (i.e. changes to land prices, interest rates, construction costs, other growth in the area, state of the retail, office and industrial sectors, etc.) influencing the CRA during that five year period. Programs and projects should be reviewed to determine their continued viability and cost effectiveness in addressing the needs of the community. Each Five -Year Action Plan should set new goals and task completion indicators which take into account changes in outside forces. Each new Action Plan should also contain revisions to the TIF projections based on actual changes to taxable values of property in the area during the previous five years and what can reasonably be expected to happen to them in the ensuing five years. The Five -Year Review and Action Plan shall also be the document utilized for the formulation and inclusion into the Plan (by the appropriate amendment procedures as outlined in F.S. Chapter 163 Part III and as required by Miami -Dade County) of new projects and programs that will address the new conditions or contemplated conditions and the basis for removal from the Plan of projects/programs that are no longer necessary, are outdated, or those no longer in the best interests of the community. If no new programs are contemplated or warranted, there shall be no need for an update of the Plan. Upon completion of the Five -Year Review and Action Plan, it is determined that the projects and programs have meet the criteria for completion of the CRA's assigned tasks or that (as outlined above) there exists other sources of funds for outstanding projects, then the review should conclude that the CRA has been successful and the Omni CRA Redevelopment Area should be dissolved. The review should analyze the potential for the CRA to complete its tasks given performance over the past five-year period (and prior five- year periods). If it is determined that the CRA will be unable to substantially affect conditions in the Omni Area, then the review should conclude that the CRA is not an effective method for redevelopment of the neighborhood and the Omni CRA Redevelopment Area should be dissolved. The five-year evaluation shall in no way however, inhibit or prevent the Omni Community Redevelopment Plan from being amended or new programs or projects from being created and implemented at any other time as long as such plan amendments or new project/programs are in conformance with any interlocal agreements, FS. Chapter 163 Part III, and Miami -Dade County regulations. Termination of Tax Increment Payments This program requires a regular review of the progress of the CRA and the completion of projects and programs. In the later years, the CRA may find that most of its contemplated projects/programs have been completed. While some tax increment would still be needed to fund a few on -going projects/programs, the majority of the tax increment may not be required. Such later -year reviews should be focused on determining if the minimal programs or projects still in need of funding are necessary to be completed by the CRA or if the City or other entity might have other potential sources of funding to complete them. Upon completion of this review, a determination could be made as to whether to continue tax increment collections at full levels, reduce the percentage of the tax increment collected, or whether the goals and objectives of the CRA have been met and it is time to sunset the District. .M 138 Packet Pg. 174 2.1.b Chapter 7 Neighborhood Impact Statement RELOCATION It is the goal and intent of the CRA to retain, improve and increase the housing stock within the Omni Redevelopment area. Therefore, the Plan Update does not propose any specific project which would result in the acquisition or demolition of existing residential structures nor the relocation of current residents of the area. Any future project supported by the CRA and its financing mechanisms which requires the involuntary displacement of any resident, shall be accompanied by a Project Relocation Plan in accordance with Chapter 163, Florida Statutes, or other applicable regulations. The Project Relocation Plan must be approved by the CRA Board in a publicly noticed CRA Board meeting prior to receiving final approvals. If any future projects were to require relocation and CRA funding were to be "partnered" with Federal funds, the Omni CRA shall make it a condition of its participation that all provisions of the Uniform Relocation Assistance Act are met. This will assure that displaced residents will have access to safe, sanitary and decent replacement housing. TRAFFIC CIRCULATION The street system within the study area consists of arterials, collectors and local roads that provide access and circulation within the Omni area. The main arterial is Biscayne Boulevard which provides north/south access. Access to and from the Omni area to other parts of the city is severely restricted by the 1-395 elevated expressway on the south limit of the study area and the Florida East Coast (FEC) railway on the west side. This Redevelopment Plan update proposes the elimination of deficiencies within the transportation network (see maps in Chapter 1-3 for overview of deficiency locations). These deficiencies include: 1. Poor street asphalt conditions 2. Broken or missing curbing 3. Poorly maintained or missing sidewalks 4. Poor or nonexistant lighting Repair of these deficiencies should enhance the transportation network for vehicles, bicycles, and pedestrians. The plan also advocates for the following continued projects: Roadway Conversions from one to two-way streets 1. N. Miami Avenue 2. NE 1st Avenue 3. NE 2nd Avenue 4. 17t" Street FEC railway crossing The purpose of these projects is all to enhance the connectivity of traffic and reduce high speeds through the area. 7-61 139 Packet Pg. 175 2.1.b This update also includes description of streetscaping to be undertaken CRA-wide. These projects are to be undertaken either as stand-alone projects or in -conjunction with large private projects to help mitigate appearances and traffic flow in the CRA. Such projects, as outlined in Chapter 1-4, include providing public amenities designed to help pedestrian accessibility and flow so as to encourage walking or bicycling rather than motor vehicle use. These items include, but are not limited to: 1. Public parking 2. On -street parking 3. Wide sidewalks 4. Bicycle lanes Traffic calming devices In addition, items are also designed to enhance the flow of motor vehicle traffic though the siting of parking and pull-outs for buses and ride -share vehicles, so traffic is not impeded. An opportunity to support the County's Strategic Miami Area Rapid Transit (SMART) Plan is also contained within the update. The SMART Plan contains a number of methods for enhancing transportation within Miami -Dade County including enhanced bus use and the user of rail. Of particular note to the Omni CRA would be enhancement of the Metromover, which travels through the CRA, and the help in creation of the SMART Plan Beach Corridor Rapid Transit line from the mainland to the barrier island. The Beach Corridor Rapid Transit Line could alleviate a significant amount of traffic on 1-395 and quickly move people from the CRA district to the employment centers on Miami Beach. ENVIRONMENTAL QUALITY Redevelopment in the Omni CRA will improve environmental quality due to existing provisions in the City's building permit process. Miami -Dade County Department of Environmental Resource Management reviews all new construction permits to ensure health standards are followed. Asbestos testing is required for existing buildings that are to undergo renovation. The County's Health Department must also approve any water and sewer changes, restaurants, hospitals, clinics, and schools. Miami -Dade Water and Sewer Department provides water and sewage services and runoff drainage for the Omni CRA district. The Department has upgraded their standards which means that most new construction and renovations within the CRA will require upgrades to the water service lines. In addition to the above, the redevelopment plan update also contemplates the implementation of stormwater systems CRA-wide. Currently such systems only exist in the area east of Biscayne Boulevard/US- 1. These systems will be required to provide a certain amount of treatment to runoff before it percolates into the soil or is released into Biscayne Bay. The inclusion of curbs and gutters along newly updated streets will ensure that runoff waters are directed into the new stormwater system as well. Significant funding is also contemplated for sewer system upgrades. This will reduce the amount of sewerage that may be leaking from pipes that currently exceed or will have exceeded their anticipated life - span at the time of replacement. 7-62 140 Packet Pg. 176 2.1.b COMMUNITY FACILITIES The redevelopment plan update contemplates expansion and maintenance of existing community facilities to a level that will continue to accommodate demand for such facilities that will come with population growth of the area. These facilities include: Parks/Public Spaces 1. Maurice A. Ferre Park 2. Margaret Pace Park 3. Dorsey Park 4. Biscayne Park 5. The Baywalk (to be expanded as well) In addition, the update contemplates the addition and maintenance of the 1-395 "Underway" Park. This will be a significant facility in the area around and under the soon -to -be expanded 1-395, and the inclusion of public plazas, pocket parks and other mini -green spaces, where appropriate, throughout the CRA district. Cultural Facilities The Adrienne Arsht Center for the Performing Arts, the Frost Museum of Science, and the Perez Art Museum of Miami are all supported through a significant contribution by the CRA to the County for cultural facilities within the CRA. There is potential for new regional cultural or artistic attractions to continue to boost the attractiveness of the area as a regional destination. Educational This redevelopment plan update also contemplates redevelopment of Phillis Wheatley Elementary School to include school facilities as well as housing forteachers and others. Relocation of the School Board's iPrep and other educational facilities are also contemplated. This relocation will allow for redevelopment of these sites as well as provide new and upgraded facilities for these educational institutions. IMPACT ON SCHOOL POPULATION While growth in the Omni CRA Redevelopment Area is expected to lead to significant population increases, it is unlikely that this will lead to an equally significant increase in school population. The majority of units contemplated by the redevelopment plan update would be in large urban -styled, multi -family buildings. These building are unlikely to contain significant numbers of units with more than 2 bedrooms. It is likely that affordable housing units for workforce and low-income residents that the CRA seeks to construct/rehabilitate will be more family oriented that the market -rate units in the district. This means additional students will be added to the area, however the percentage increase in school population is not likely to be as high as the percent increase in overall population. The CRA will continue to work with the Miami -Dade County School Board to address this issue. 7-63 141 Packet Pg. 177 2.1.b OTHER PHYSICAL AND SOCIAL QUALITIES The purpose of the redevelopment is to eliminate and prevent instances of slum and/or blighting influences on the district. Toth is end, the CRA's on -going efforts toe nh an ce and beautify the area wiI I create a positive environment for all residents. Additionally, the significant efforts to provide a mix of housing options, including efforts to ensure housing for low income and workforce residents will be to the benefits of existing residents. The CRA is also seeking to provide an expansion of area social services through the funding of opportunities for non-profit providers in the district. This effort is designed to ensure a continued social "safety net" is available for residents and to expand the number of social service agencies providing service in the district and enhance resident access to these agencies. The CRA's commitment to seeking community benefits from developers, property owners, and business owners assisted by the CRA projects, and to the extent possible those that are not assisted, will also improve the social qualities of the neighborhood. Included in the plan update is a list of examples of community benefits the CRA should seek which includes but is not limited to: 1. Job creation 2. Job training 3. Affordable housing units 4. Below market -rent commercial spaces for "mom and pop" stores 5. Support for local non-profit service providers in the area Provision of public plazas and green spaces Lastly, provisions are also included in the plan update for a number of quality -of -life items that will benefit the residents. These include such items as: 1. Funding for homeless programs 2. A college scholarship program for residents 3. A program to hire homeless residents to assist in area clean-up activities Community policing to reduce crime and provide a conduit between residents and the police department. 7-64 142 Packet Pg. 178 2.1.b Chapter 8 Conclusion of Redevelopment Plan This chapter outlines the major capabilities of the Omni CRA to rehabilitate the Redevelopment Area. 1. The CRA will engage in a workable program for utilizing appropriate private and public resources to eliminate and prevent the development or spread of slums and urban blight in the Redevelopment Area, to encourage needed community rehabilitation, to provide for the redevelopment of slum and blighted neighborhoods, to provide housing affordable to residents of low or moderate income, including the elderly, or to undertake such of the aforesaid activities or other feasible county or municipal activities as may be suitably employed to achieve the objectives of such workable program. 2. Such workable program may include provision for the prevention of the spread of blight into areas of the county or municipality which are free from blight through diligent enforcement of housing, zoning, and occupancy controls and standards; the rehabilitation or conservation of slum and blighted areas or portions thereof by a. replanning b. removing congestion c. providing parks, playgrounds, and other public improvements d. encouraging voluntary rehabilitation e. compelling the repair and rehabilitation of deteriorated or deteriorating structures f. the development of affordable housing g. the implementation of community policing innovations h. the clearance and redevelopment of slum and blighted areas or portions thereof 3. To achieve its goals the CRA is able to acquire property within a slum area or a blighted area by purchase, lease, option, gift, grant, bequest, devise, or other voluntary method of acquisition or demolish and remove buildings and improvements. 4. The CRA can acquire property in the community redevelopment area when necessary to eliminate unhealthful, unsanitary, or unsafe conditions; lessen density; eliminate obsolete or other uses detrimental to the public welfare; or otherwise to remove or prevent the spread of blight or deterioration or to provide land for needed public facilities. It is also able to dispose of any property at its fair value as provided in s. 163.380 for uses in accordance with this redevelopment plan. 5. The CRA can engage in installation, construction, or reconstruction of streets, utilities, parks, playgrounds, public areas of major hotels that are constructed in support of convention centers, including meeting rooms, banquet facilities, parking garages, lobbies, and paseos. 6. The CRA could carry out plans for a program of voluntary or compulsory repair and rehabilitation of buildings or other improvements, or acquire by purchase, lease, option, gift, grant, bequest, devise, or othervoluntary method of acquisition of real property in the community redevelopment area which is to be repaired or rehabilitated for dwelling use or related facilities, repair or rehabilitation of the structures for guidance purposes, and resale of the property. 7. The CRA can acquire and dispose of air rights in an area consisting principally of land in highways, railway or subway tracks, bridge or tunnel entrances, or other similar facilities which have a blighting influence on the surrounding area and over which air rights sites are to be developed for the elimination of such blighting influences and for the provision of housing (and related facilities 143 Packet Pg. 179 2.1.b and uses) designed specifically for, and limited to, families and individuals of low or moderate income. 8. It may construct foundations and platforms necessary for the provision of air rights sites of housing (and related facilities and uses). 9. To support public improvements the CRA may choose to provide, or to arrange or contract for, the furnishing or repair by any person or agency, public or private, of services, privileges, works, streets, roads, public utilities, or other facilities for or in connection with a community redevelopment; to install, construct, and reconstruct streets, utilities, parks, playgrounds, and other public improvements; and to agree to any conditions that it deems reasonable and appropriate which are attached to federal financial assistance and imposed pursuant to federal law relating to the determination of prevailing salaries or wages or compliance with labor standards, in the undertaking or carrying out of a community redevelopment and related activities, and to include in any contract let in connection with such redevelopment and related activities provisions to fulfill such of the conditions as it deems reasonable and appropriate. 10. To complete its mission, the CRA may enter into any building or property in any community redevelopment area in order to make inspections, surveys, appraisals, soundings, or test borings and to obtain an order for this purpose from a court of competent jurisdiction in the event entry is denied or resisted, and may acquire any personal or real property, together with any improvements thereon. To hold, improve, clear, or prepare for redevelopment any such property; to encumber or dispose of any real property. 11. The CRA may insure or provide for the insurance of any real or personal property or operations of the county or municipality against any risks or hazards, including the power to pay premiums on any such insurance, and may enter into any contracts necessary to effectuate the purposes of this part. 12. The CRA can solicit requests for proposals for redevelopment of parcels to be acquired for redevelopment purposes by a community redevelopment agency and, as a result of such requests for proposals, to advertise for the disposition of such real property to private persons pursuant to s. 163.380 prior to acquisition of such real property by the community redevelopment agency. 13. If needed the CRA may invest any community redevelopment funds held in reserves or sinking funds or any such funds not required for immediate disbursement in property or securities in which savings banks may legally invest funds subject to their control and to redeem such bonds as have been issued pursuant to s. 163.385 at the redemption price established therein or to purchase such bonds at less than redemption price, all such bonds so redeemed or purchased to be canceled. :.. 144 Packet Pg. 180 2.1.b 14. In furtherance of its goals and objectives, the Omni CRA may borrow money and apply for and accept advances, loans, grants, contributions, and any other form of financial assistance from the Federal Government or the state, county, or other public body or from any sources, public or private, for the purposes of this part and to give such security as may be required and to enter into and carry out contracts or agreements in connection therewith; and to include in any contract for financial assistance with the Federal Government for or with respect to community redevelopment and related activities such conditions imposed pursuant to federal laws as the county or municipality deems reasonable and appropriate which are not inconsistent with the purposes of this part. 15. The CRA may also make or have made all surveys and plans necessary; may contract with any person, public or private, in making and carrying out such plans, and may adopt or approve, modify, and amend such plans, which plans may include, but are not limited to: a. Plans for carrying out a program of voluntary or compulsory repair and rehabilitation of buildings and improvements. b. Plans for the enforcement of state and local laws, codes, and regulations relating to the use of land and the use and occupancy of buildings and improvements and to the compulsory repair, rehabilitation, demolition, or removal of buildings and improvements. 16. The Omni CRA may obtain appraisals, title searches, surveys, studies, and other plans and work necessary to prepare for the undertaking of community redevelopment and related activities. 17. It may develop, test, and report methods and techniques, and carry out demonstrations and other activities, for the prevention and the elimination of slums and urban blight and developing and demonstrating new or improved means of providing housing for families and persons of low income. 18. The CRA should apply for, accept, and utilize grants of funds from the Federal Government for such purposes. 19. In order to prevent displacement in the district, the Omni CRA should prepare plans for and assist in the relocation of persons (including individuals, families, business concerns, nonprofit organizations, and others) displaced from a community redevelopment area and may make relocation payments to or with respect to such persons for moving expenses and losses of property for which reimbursement or compensation is not otherwise made, including the making of such payments financed by the Federal Government. am 145 Packet Pg. 181 2.1.b 20. The CRA may appropriate such funds and make such expenditures as are necessary to carry out the purposes of this part; to zone or rezone any part of the county or municipality or make exceptions from building regulations; and to enter into agreements with a housing authority, which agreements may extend over any period, notwithstanding any provision or rule of law to the contrary, respecting action to be taken by such county or municipality pursuant to any of the powers granted by this part. 21. If needed, the CRA is able to close, or recommend to be closed, vacate, plan, or replan streets, roads, sidewalks, ways, or other places and plan or replan any part of the county or municipality. 22. The CRA may organize, coordinate, and direct the administration of the provisions of this part, as they may apply to such county or municipality, in order that the objective of remedying slum and blighted areas and preventing the causes thereof within such county or municipality may be most effectively promoted and achieved and to establish such new office or offices of the county or municipality or to reorganize existing offices in order to carry out such purpose most effectively. 23. To improve neighborhood safety the CRA may develop and implement community policing innovations. 24. With the agreement of each taxing authority to such method of financing for the construction or expansion, the Omni CRA may construct or expand administrative buildings for public bodies or police and fire buildings, unless the construction or expansion is contemplated as part of a community policing innovation, where no agreement of taxing authorities would be necessary. 25. The Omni CRA should not undertake the installation, construction, reconstruction, repair, or alteration of any publicly owned capital improvements or projects if such projects or improvements were scheduled to be installed, constructed, reconstructed, repaired, or altered within 3 years of the approval of the community redevelopment plan by the governing body pursuant to a previously approved public capital improvement or project schedule or plan of the governing body which approved the community redevelopment plan unless and until such projects or improvements have been removed from such schedule or plan of the governing body and 3 years have elapsed since such removal or such projects or improvements were identified in such schedule or plan to be funded, in whole or in part, with funds on deposit within the community redevelopment trust fund. 26. Finally, the CRA should not pay for general government expenses unrelated to the carrying out of this Redevelopment Plan. am 146 Packet Pg. 182 2.1.b Appendix A 2010 Omni Redevelopment Area Legal Description THE STUDY AREA IS PHYSICALLY DEFINED AS BEGINNING AT THE EASTERN SHORELINE AND NORTH SIDE OF NE 20TH STREET; THEN SOUTH ALONG THE EASTERN SHORELINE TO THE NORTHSIDE OF MACARTHUR CAUSEWAY RIGHT-OF-WAY; THEN EAST ALONG THE NORTHSIDE OF THE MACARTHUR CAUSEWAY RIGHT- OF-WAY TOTH E EASTERN SHORELINE OF WATSON ISLAND; THEN SOUTH ALONG THE EASTERN SHORELINE OF WATSON ISLAND TO THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY; THEN WEST ALONG THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORELINE TO 20 FEET SOUTH OF THE FEC SLIP; THEN WEST ALONG THE 20 FEET SOUTH OF THE FEC SLIP TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE SOUTHERN EDGE OF THE 1-395 ROW; THEN FOLLOWING THE SOUTHERN EDGE OF THE 1-395 ROW TO THE WEST SIDE OF NW 1ST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW 1ST PLACE TO THE SOUTH SIDE OF NW 14TH STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 14TH STREET TO THE WEST SIDE OF NW 1ST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW 1ST PLACE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22NDSTREET TO THE EAST SIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE WEST SIDE OF NW 5THAVENUE; THEN NORTH ON THE WEST SIDE OF NW 5TH AVENUE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREETTO THE WEST SIDE OF NW 6TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 6TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EAST ALONG THE NORTH SIDE OF NW 23RD STREET TO THE WEST SIDE OF NW 5TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 5TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EASTALONG THE NORTH SIDE OF NW 23RD STREETTO THE EASTSIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE NORTH SIDE OF NW 22ND STREET; THEN EAST ALONG THE NORTH SIDE OF NW 22ND STREET TO THE EAST SIDE OF NORTH MIAMI AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NORTH MIAMI AVENUE TO THE NORTH SIDE OF NE 20TH STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20TH STREETTO THE FEC ROW; THEN SOUTH ALONG THE FEC ROW TO THE NORTH SIDE OF NE 20TH STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20TH STREET TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE NORTH SIDE OF NE 20THTERRACE; THEN EAST ALONG THE NORTH SIDE OF NE 20TH TERRACE TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORE LINE TO THE NORTH SIDE OF NE 20THSTREET. . • 147 Packet Pg. 183 2.1.b ATTACHMENT K SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF MIAMI, MIAMI-DARE COUNTY, AND OMIVI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY THIS SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT (the " 2020 Interlocal Agreement") is made and entered into this _ day of , 2020, by and among Miami -Dade County, a political subdivision of the State of Florida (the "County"), the City of Miami, Florida, a municipal corporation of the State of Florida (the "City") and the Omni Redevelopment District Community Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.357, Florida Statutes (the "Omni CRA"). RECITALS WHEREAS, pursuant to County Resolution No. R-280-96, adopted by the Board of County Commissioners of Miami -Dade County (the "County Commission") on March 19, 1996, the County Commission approved the terms and execution of an Interlocal Agreement by and among the County, the City and the Omni CRA (the "Interlocal"), which Interlocal was dated June 24, 1996, and contained provisions for the Omni CRA to make certain payments to the County for the purpose of paying debt service on the Performing Arts Center Construction Bonds; and WHEREAS, on December 18, 2007, pursuant to County Resolution No. R-1372-07, the County, the City, the Southeast Overtown/Park West Community Redevelopment Agency, ("SEOPW CRA"), and the Omni CRA entered into that certain Interlocal Agreement, dated December 31, 2007, to provide funding for major city-wide projects for the benefit of all named parties (the "2007 Interlocal Agreement"); and WHEREAS, the Omni CRA and the City adopted Resolution No. CRA-R-19-0004 and Resolution No. R-19-0180, respectively, which approved an Assessment of Need (the "AON") report, in accordance with County Resolution Nos. R-611-15 and R-499-16, which is supported by data and analysis to substantiate the ongoing necessity for the extension of life of the Omni Redevelopment Area through the date July 7, 2047; and WHEREAS, the Omni CRA and the City adopted Resolution CRA-R-20-0003 and R-20- 0131, respectively, which approved an amendment to the Redevelopment Plan for the Omni Area (the "2020 Redevelopment Plan") and this 2020 Interlocal Agreement; and WHEREAS, the Omni CRA and the City sought the County Commission's support and approval of their request to accept the AON, extend the life of the Omni CRA through July 7, 2047, the 2020 Redevelopment Plan and the 2020 Interlocal Agreement; and WHEREAS, on , 2020, the County Commission adopted County Resolution No. R- , which accepted the AON, authorized the extension of life of the Omni CRA through July 7, 2047, and approved 2020 Redevelopment Plan and this 2020 Interlocal Agreement; and (00370I78.7 342"OOODOO)(D)Vfi lmmrlmr-PMW;fons to be nrgorfared and Flm7lred) I 148 Packet Pg. 184 2.1.b WHEREAS, this 2020 Interlocal Agreement replaces and supersedes the 2007 Interloca) Agreement, NOW, THEREFORE, the County, the City and the Omni CRA agrees as follows: 1. Recitals. The Recitals set forth above are true and correct and adopted as part of this 2020 Interlocal Agreement. 2. Defined Terms. Defined terms utilized in this 2020 Interlocal Agreement but not defined herein shall have the meaning ascribed to said terms in the Interlocal Agreement. 3. Extension of Life of Omni CRA. The life of the Omni CRA is hereby extended through July 7, 2047. 4. Redevelopment Plan. All references in the Interlocal Agreement to the Redevelopment Plan shall be deemed references to the adopted 2020 Redevelopment Plan. 5. Streetcar Proiect. The City, County, and the Omni CRA hereby mutually release each party from any obligations under the 2007 Interlocal Agreement pertaining to the Streetcar Project and any funding activities for the Streetcar Project have been stricken. 6. Priority Projects. The County, the City and the Omni CRA acknowledge and agree that, subject to compliance with all applicable laws, including Part III, Chapter 163, Florida Statutes, the projects identified in the 2020 Redevelopment Plan, other projects in the Redevelopment Area, along with the list of priority projects below shall be partially funded by the Omni CRA utilizing Tax Increment Funds ("TIF") Revenues (the "Incentive Agreement Proiects"): a. Funding to Miami -Dade County for the Performing Arts Center Construction Bonds Debt Service at an aggregate total amount not to exceed One Million Four Hundred Thirty Thousand and 00/100 Dollars ($1,430,000.00) per year through September 30, 2027. b. Funding to the City of Miami for the Port Tunnel Debt Service at an amount not to exceed Four Million Two Hundred Thirty -Four Thousand and 00/100 Dollars ($4,234,000.00) per year through September 30, 2030. c. Funding to Miami Dade County in an amount not to exceed thirty five percent (351/o) of the Omni CRA annual TIF Revenue, or Twenty -Five Million and 00/100 Dollars ($25,000.00.00), whichever is less, per year through September 30, 2027. Once the funds are returned to the County pursuant to this subsection (6)c, the County's use of the funds shall not be subject to this Agreement or any restrictions or requirements of Chapter 163, Part III, Florida Statutes. d. Commencing October 1, 2027, funding to Miami -Dade County in an amount not to exceed thirty five percent (35%) of the Omni CRA annual 10031047&13426-0000000l(DIl.i.,r—r.P-,{.r—ma.g1.r�da dF7-Uvd) 2 149 Packet Pg. 185 2.1.b TIF Revenue, or Twenty -Five Million and 00/100 Dollars ($25,000,000.00), whichever is less, per year through September 30, 2047. Once the funds are returned to the County pursuant to this subsection (6)d, the County's use of the funds shall not be subject to this Agreement or any restrictions or requirements of Chapter 163, Part III, Florida Statutes. Funding to Miami -Dade County for The Beach Corridor rapid transit route of the Strategic Miami Area Rapid Transit ("SMART") Plan. The Omni CRA shall provide the County with funding in an amount not to exceed Fifty Million and 00/100 Dollars ($50,000,000.00) for capital improvements for that portion of the Beach Corridor route that falls within the boundaries of the Omni Redevelopment Area. f. Maurice Ferrk Park formerly Museum Park. The Omni CRA shall provide funding to the City of Miami in a total amount of Twenty Eight Million and 00/100 Dollars ($28,000,000.00) in capital improvement costs for the Maurice Ferr6 Park based on a Capital Improvement Plan that is approved by the City of Miami Commission. g. Providing funds in an amount not to exceed funding of $1,000,000.00 annually for ongoing operations and maintenance to commence upon completion of the I 395 Underdeck Green Space to be constructed in conjunction with the Florida Department of Transportation I-395/SR 836/I- 95 Design -Build Project (I-395 Project) located below the I-395 viaduct, subject to the I-395 Project meeting all standards related to construction, operations, and maintenance. h. Provide funds for community benefits package and assist in the redevelopment of School Board -owned properties within the Omni CRA boundaries. i. The Omni CRA will commit to funding at least $250 Million in the development and rehabilitation of workforce- and affordable housing and mixed -income housing and homeownership projects within the Redevelopment Area throughout the life of the Omni CRA. j. Land acquisition and development activities consistent with the character and scale of development identified in the Omni CRA Redevelopment Plan, as it may be amended from time to time. k. Development and growth of local, small business enterprises within the Redevelopment Area through grants or low -interest loans to, among other things, improve the physical plant of local businesses, finance the acquisition of machinery and equipment, and provide limited guarantees against losses to increase access to credit from local financial institutions. (00 10i78.7 Ja760000000J(Drofr lmer/oro!• Provirlonr to be rtegodwed—10mlWd) 3 150 Packet Pg. 186 2.1.b 7. Omni Redevelopment Area. The County, City and Omni CRA acknowledge and agree that the redevelopment area (the "Redevelopment Area") consists of (i) that area depicted on the map attached hereto as Exhibit "A." The County, City and Omni CRA agree to process all necessary legislation and documents to provide for the extension of life of the Omni CRA. 8. Administrative Fee. The Omni CRA shall pay the County a 1.5% Administrative Fee chargeable to Omni CRA for the life of the Omni CRA to cover County costs associated with administering the Interlocal, programs funded through the Interlocal, and related matters. 9. CRA Indebtedness. The Omni CRA, only with the approval of the County Commission and City Commission, may issue bonds and/or incur other indebtedness required to finance, as necessary and appropriate, its contribution to the Omni CRA Projects, provided however, in no event shall any bonds issued and/or indebtedness incurred mature later than July 7, 2047. Prior to the issuance of any bonds and/or indebtedness by the Omni CRA, the County shall have the right to review all related documents and agreements and shall approve such bond issuance or indebtedness, pursuant to the provisions of the Interlocal Agreement as amended by this Amendment and applicable law, including Section 163.358(3), Florida Statutes. 10. CAP ON ADMINISTRATIVE EXPENSES. The Omni CRA agrees that administrative expenses of the Omni CRA shall not exceed 20% bf its overall fiscal budget. 11. Procurement Requirements. The Omni CRA confirms to the County and the City that Omni CRA has adopted procurement procedures to be utilized by the Omni CRA for procurement. 12. Communih, Benefits. A. The Omni CRA agrees that all agreements with entities or contractors receiving grants of $1,000,000.00 or more from the Omni CRA for new or rehabilitated commercial and residential developments entered into after the Effective Date within the Redevelopment Area shall, to the extent allowed by applicable law, include the following provisions: Require hiring from the labor workforce for such project from residents of the Redevelopment Area that are unemployed or under employed, to extent feasible. (ii). Require compliance with the wage requirements of Section 2-8.9 of the Code of Miami -Dade County, Florida (the "Code") orpay higher wages and benefits, to the extent feasible. B. The Omni CRA agrees to include in all community benefit agreements with entities or contractor receiving grants of $1,000,000.00 or more executed after the Effective Date to require such entities or contractors to comply with the following Miami -Dade County ordinances contained in the Code, as same may be amended, as if expressly applicable to such entities: (00330J7d13d1e-w00000)(o,,,f,l itloW.rb�reiou to be �egormndandR dirrd) 4 151 Packet Pg. 187 2.1.b (i). Small Business Enterprises (Section 2-8.1.1.1.1 of the Code) (ii). Community Business Enterprises (Section 2-10.4.01 of the Code) (iii). Community Small Business Enterprises (Section 10-33.02 of the Code) (iv). Conflict of Interest and Code of Ethics Ordinance (Section 2-11.1 of the Code) (v). Living Wage Ordinance (Section 2-8.9 of the Code) 13. Inspector General Review. The County shall have the right to retain, at its sole cost, the services of an independent private sector inspector general whenever the County deems it appropriate to do so, in accordance with Miami -Dade County Administrative Order No. 3-20. Upon written notice from the County, the Omni CRA shall make available to the independent private sector inspector general retained by the County all requested records and documentation for inspection and reproduction. Additionally, the Omni CRA shall submit to the County's Inspector General's review in accordance with Section 2-1076 of the Code of Miami -Dade County, Florida. The County's Inspector General shall be empowered to review past, present and proposed Omni CRA's contracts, transactions, accounts, records, agreements and programs at a minimum annually audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process, including but not limited to, project design, specifications, proposal submittals, activities of the Omni CRA and its officers, agents and employees, lobbyists, staff and elected officials to ensure compliance with contract specifications and to detect any fraud and/or corruption. 14. Recovery of Grant Funds. The Omni CRA shall include in all contracts and grant agreements executed from and after the Effective Date a "claw back" provision that will require the Omni CRA to "claw back" or rescind and recover funding from any entity or contractor to which it provides funding which does not substantially comply with the provisions of its agreement with Omni CRA by demanding repayment of such funds, in writing, including recovery of penalties or liquidated damages, to the extent allowed by law, as well as attorney's fees and interest, and pursuing collection or legal action, to the fullest extent allowable by law, if feasible. 15. Safeguards for Resident Displacement. In the event the Omni CRA funds a redevelopment project authorized by the 2020 Redevelopment Plan that may displace persons (including individuals, families, business concerns, nonprofit organizations and others) located in the Redevelopment Area, the Omni CRA shall prepare plans for and assist in the relocation of such persons, including making any relocation payments under the Act and applicable laws and regulations. Further, the Omni CRA shall make or provide for at least a "one -for -one" replacement of each affordable housing unit demolished pursuant to a redevelopment project to ensure that such demolished unit is replaced by a new comparable, affordable housing unit, provided, however, this requirement shall not apply to substandard affordable housing that has been declared unsafe by a governmental entity and subsequently demolished. The Omni CRA shall ensure that individuals and families who are displaced from affordable housing units have a right of first refusal to return to comparably priced affordable housing units located within the Redevelopment Area. 16. Affordable and Mixed Income. The County acknowledge and agrees that the Omni CRA 2020 Redevelopment Plan includes a housing component that serves an income mix of extremely low, very low, low, moderate, and workforce housing up to 140 percent (140%) of the Area Median Income (AMI), as defined by the U.S. Department of Housing and Urban Development and the County acknowledges that the 2020 Redevelopment Plan gives priority to 100310M 1.442"000000)(D-lnrerlarol-Arovl,7onf robe nfgoll0rtd mnlFirwfirtdJ 5 152 Packet Pg. 188 2.1.b rehabilitation, conservation or redevelopment of housing for extremely low, very low, low or moderate income persons. 17. Annual Budget. The Omni CRA agrees to include in its annual fiscal budget a description of expenditures made by the Omni CRA for affordable housing projects during the previous fiscal year and a statement of anticipated expenditures for affordable housing project in upcoming fiscal years, if applicable. 18. Ethics Training. The Omni CRA agrees that all members of the Board of Commissioners of the Omni CRA, staff of the Omni CRA, members of advisor boards of the Omni CRA and staff such advisor boards shall be required to complete a minimum of four (4) hours of ethics training to be conducted by the Miami -Dade County Commission on Ethics and Public Trust in accordance with County Resolution No. R-499-16 and section 163.367, Florida Statutes. 19. Conflicts. In the event of any conflicts between the Interlocal Agreement, and the terms of this Amendment, this Amendment shall control. 20. Ratification. Except as modified by this Amendment, the Interlocal Agreement is ratified and reaffirmed. 21. Effective Date. The effective date of this Amendment shall be the date this Amendment is last executed by the County, the City and the Omni CRA (the "Effective Date") 22. Time of the Essence. Time is of the essence in the performance of this Amendment. 23. Third -Party Beneficiaries. There are no third -party beneficiaries to this Amendment. The parties expressly acknowledge that that it is not their intent to create or confer any obligations on or upon any third -party by this Amendment. None of the parties intend to directly or indirectly benefit a third person by this Amendment, and no third party shall be entitled to assert a claim against any of the parties based upon this Amendment. Nothing herein shall be construed by any agency or political subdivision of the State of Florida to confer upon any third party or parties the right to sue on any matter arising out of this 2020 Interlocal Agreement. 24. Severability. If one or more provisions of this Amendment shall be held contrary to any provision of law or be held invalid, then such provision or provisions shall be null and void and shall be separate from, and have no effect on, the remaining provisions which shall continue to be legal and valid. 25. Counterparts. This Amendment may be signed in counterparts. * *Signatures Appear Below" 100310478.1 J4760000000/(Dmft1n1afo 1-Amisia ,o Ee-Xw1 d..dA-i..Und) 6 153 Packet Pg. 189 2.1.b IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names by their duly authorized officers and their seals to be affixed hereto, and all as of the day and year first above written. City of Miami, a municipal co oration of the State of Flori 1 By: Arthur Xbriega, City Manager ATTEST: IIn Hannon, City Omni Community Redevelopment Agency, a public body corporate and politic By: Jason Walker, Executive Director ATTEST: By: Toe Clerk of the Board (0931047113476-0000 pOMP Intaiml-P—inont ro De negork?.dandFina1Wd) Miami -Dade County, a political subdivision of the State of Florida B1 Carlos A. Gim6nez, Mayor HARVEY RUVIN, Clerk By: Deputy Clerk APPROVED AS TO FORM AND LEGAL SUFFICIENCY FOR MIAMI-DADE COUNTY; Date: 7 Terrence A. Smith Assistant County Attorney 154 Packet Pg. 190 2.1.b APPROVED AS TO FORM AND CORRECTNESS FOR ('TY OF MIAMI: By: Jorge Piedra, City 'pecial Counsel Date: 6/9/2020 APPROVED AS TO FORM AND CORRECTNESS FOR OMNI CRA: In David N. Tolces, Omni CRA Special Counsel Date: 100310478.1 3426-0000000)(DmJt lnterloval- Provisions to be negotiated mid Finalized) 155 Packet Pg. 191 2.1.b Exhibit "A" 2010 Omni Redevelopment Area Legal Description THE STUDY AREA IS PHYSICALLY DEFINED AS BEGINNING AT THE EASTERN SHORELINE AND NORTH SIDE OF NE 20„N STREET; THEN SOUTH ALONG THE EASTERN SHORELINE TO THE NORTHSIDE OF MACARTHUR CAUSEWAY RIGHT-OF- WAY; THEN EAST ALONG THE NORTHSIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY TO THE EASTERN SHORELINE OF WATSON ISLAND; THEN SOUTH ALONG THE EASTERN SHORELINE OF WATSON ISLAND TO THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY; THEN WEST ALONG THE SOUTH SIDE OF THE MACARTHUR CAUSEWAY RIGHT-OF-WAY TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORELINE TO 20 FEET SOUTH OF THE FEC SLIP; THEN WEST ALONG THE 20 FEET SOUTH OF THE FEC SLIP TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE SOUTHERN EDGE OF THE I-395 ROW; THEN FOLLOWING THE SOUTHERN EDGE OF THE 1-395 ROW TO THE WEST SIDE OF NW 1 ST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW 1 ST PLACE TO THE SOUTH SIDE OF NW 14TH STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 14TH STREET TO THE WEST SIDE OF NW IST PLACE; THEN NORTH ALONG THE WEST SIDE OF NW I ST PLACE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE EAST SIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE SOUTH (OOJfOf78.! N16-0OP000Oj(DmJilnmrlam!• Hmi�eou to 8e negafimrcd and FhoMr d) 9 156 Packet Pg. 192 2.1.b SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE WEST SIDE OF NW 5„{AVENUE; THEN NORTH ON THE WEST SIDE OF NW 5TH AVENUE TO THE SOUTH SIDE OF NW 22ND STREET; THEN WEST ALONG THE SOUTH SIDE OF NW 22ND STREET TO THE WEST SIDE OF NW 6TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 6TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EAST ALONG THE NORTH SIDE OF NW 23RD STREET TO THE WEST SIDE OF NW 5TH AVENUE; THEN NORTH ALONG THE WEST SIDE OF NW 5TH AVENUE TO THE NORTH SIDE OF NW 23RD STREET; THEN EAST ALONG THE NORTH SIDE OF NW 23RD STREET TO THE EAST SIDE OF NW 2ND AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NW 2ND AVENUE TO THE NORTH SIDE OF NW 22ND STREET; THEN EAST ALONG THE NORTH SIDE OF NW 22ND STREET TO THE EAST SIDE OF NORTH MIAMI AVENUE; THEN SOUTH ALONG THE EAST SIDE OF NORTH MIAMI AVENUE TO THE NORTH SIDE OF NE 20TH STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20TH STREET TO THE FEC ROW; THEN SOUTH ALONG THE FEC ROW TO THE NORTH SIDE OF NE 20-, STREET; THEN EAST ALONG THE NORTH SIDE OF NE 20„1 STREET TO THE WEST SIDE OF BISCAYNE BOULEVARD; THEN NORTH ALONG THE WEST SIDE OF BISCAYNE BOULEVARD TO THE NORTH SIDE OF NE 20niTERRACE; THEN EAST ALONG THE NORTH SIDE OF NE 20niTERRACE TO THE EASTERN SHORELINE; THEN SOUTH ALONG THE EASTERN SHORE LINE TO THE NORTH SIDE OF NE 20ni STREET. (0bJl0f78.1 Ji76-0000000)(DraJllnredoml-P.odrronr ro be MolhndandRwIl d) 10 157 Packet Pg. 193 2.1.c TO: FROM: MEMORANDUM Honorable Chairwoman Audrey M. Edmonson and Members, Board of County Commissioners Abigail Price -Williams County Attorney Supplement to Agenda Item No. 5(H) DATE: June 16, 2020 SUBJECT: Supplement to the Omni Community Redevelopment Agency's Amended Redevelopment Plan and Interlocal Agreement The accompanying supplement was prepared and placed on the agenda at the request of Prime Sponsor Chairwoman Audrey M. Edmonson. APW/cp Abigail Price -Willi County Attorney Packet Pg. 194 2.1.c MIME Memorandum mm Date: June 16, 2020 To: Honorable Chairwoman Audrey M. Edmonson and Members, Board of Co mmissioners From: Carlos A. Gimenez Mayor Subject: Supplement to the Omni Commu _ty Redevelopment Agency's Amended Redevelopment Plan and Interlocal Agreement The following is supplemental information to the resolution approving the Omni Community Redevelopment Agency's (Agency) Redevelopment Plan, and Second Amendment to the Interlocal Cooperation Agreement (Second Amendment). The resolution does the following: Accepts and adopts the Omni Community Redevelopment Agency's Redevelopment Plan; and Approves the Omni Community Redevelopment Agency's Second Amendment to the Interlocal Cooperation Agreement. The approval of this item will extend the life of the Agency from March 31, 2030 until July 7, 2047, which is the maximum amount of time allowed under Chapter 163, Part III. Scone of Agenda Item This resolution adopts the Redevelopment Plan and Second Amendment, the current redevelopment area consists of approximately acres, which lie in Districts 3 and 5, which are represented by Chairwoman Audrey M. Edmonson and Commissioner Eileen Higgins. Fiscal Impact / Funding Source The Agency's revenue source is generated through the incremental growth of ad valorem revenues generated on real property beyond an established base year, Tax Increment Financing (TIF), as defined in Section 163.387 of the Act. The County and the City will be required to contribute to the trust fund until 2047. The interlocal agreement between the County, City and Agency require that the Agency refund $1.43 million (for Performing Arts Center (PAC) debt service) or 35 percent of the annual TIF, in FY 2019-20 the 35 percent represented $9.9 million. Based on the millage rates of the County and City, the current contribution into the trust fund represent approximately 38 percent from the County and 62 percent from the City. The proposed interlocal provides for the refund of 35 percent with a $25 million cap. Based on the current projections, it is estimated that the cap will not materialize until FY 2041-42. Based on the County's five year growth projection, the table below estimates the County and City revenue attributable to the area, and the County's refund. It is important to note that the Agency is responsible for the Port Tunnel debt service and the financing approved by the Board, the payments for these are approximately $4.2 million and $2.8 million respectively and both terminate in 2030. 2 Packet Pg. 195 0 Honorable Chairwoman Audrey M. Edmonson and Members, Board of County Commissioners Page 2 The Second Amendment extends the requirement that 35 percent of the TIF funding be returned to the County beyond the term of the existing debt service obligation for the PAC in 2027. This funding is intended to be utilized to pay for operational support for the PAC and/or other cultural facilities. Track Record / Monitor The interlocal agreement will be monitored by Jorge Fernandez in the Office of Management and Budget. Background On July 7, 1987, the Board adopted Resolution No. R-825-87 and Ordinance No. 87-47, which approved the Plan and established a trust fund (Trust Fund) for the Area, respectively. Additionally, Ordinance No. 87-47 designated the City Commission as the board of commissioners of the Agency. On March 19, 1996, the Board adopted Resolution No. R-280-96, which approved the terms and condition of the Interlocal, including the redevelopment powers granted to the Agency. Subsequently, on December 18, 2007, the Board adopted Resolution No. R-1372-07, which approved the Global Agreement among the County, the City, the Agency and the Southeast/Overtown Community Redevelopment Agency. Resolution No. R-1372-07 also approved the First Amendment to the Interlocal, which among other things, required the Agency to reimburse 35 percent of the Agency's revenues to the County for support of the Performing Arts Center. On January 21, 2010, the Board also adopted Resolution No. R-07-10, which approved amendments to the Agency's Finding of Necessity and Redevelopment Plan to expand the Area and extend the life of the Agency and the Area until March 31, 2030. Finally, on November 21, 2017, the Board adopted Resolution No. R-1128-17, which approved a bond issuance not to exceed $25 million for the purpose of funding workforce and affordable housing projects. Second Amendment The Board has adopted Resolution Nos. R1382-09, R-871-11, R-599-15 and R-499-16 which established guidelines for community redevelopment agencies and the interlocal agreements between such agencies and the County. The Interlocal Agreement includes all of the provisions in these resolutions with the exception of Board representation. The Second Amendment provides a listing of priority projects to be funded by the Agency as follows: • Refund to the County of $1.43 million for Performing Arts Center debt service or 35 percent of revenues; • Funding the Port Tunnel debt service; • SMART Plan funding for Beach Corridor of $50 million; • Capital improvements in Maurice Ferre Park of $28 million; • Funding of operations and maintenance of the Underdeck Green Space (under I-395/SR 836) of $1 million per year; • Provide a community benefits package to assist in the redevelopment of the School Board owned properties; • Fund $250 million in the development and rehabilitation of workforce and affordable housing, and • Fund land acquisition and provide small business programs. The Board will continue to have the power to approve all Agency indebtedness. Redevelopment Plan The Plan identifies several strategies for redevelopment. Some of the key activities the Redevelopment Plan identifies are as follows: • Housing Affordability — provide opportunities to assist for -profit housing providers or partner with non-profit housing providers to assist workforce or lower income renters; • Infrastructure — provide assistance to upgrade the infrastructure in the area to increase capacity, modernize and relocate utilities; • Roads and Streetscapes — provide funding to upgrade the area's aesthetics and functionality. 3 Packet Pg. 196 :1. Honorable Chairwoman Audrey M. Edmonson and Members, Board of County Commissioners Page 3 • Stormwater Drainage — the Agency will participate in programs to expand stormwater capacity when the need arises; • Transportation Network and SMART Plan — enhance mobility within the area and provide support to the SMART Plan with a focus on the Beach Corridor; • Parks and Greenspace — assist in the modernization and new construction of parks to include the Baywalk and Maurice A. Ferre Park; • Miami Dade School Board Properties — assist in the development of the School Board properties to ensure a desirable development on these parcels; • Performing Arts Center (PAC) — increase the public parking opportunities on both public and private land surrounding the PAC as well as enhancing pedestrian safety, and • 1-395 Underdeck — with the construction of the 1-395 project, the Florida Department of Transportation will build a park, the Agency will work with FDOT and its contractors to ensure the area is attractive and functional. Jennifer Moon Deputy Mayor 4 Packet Pg. 197 2.2 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 9126 Subject: Grant to Camillus House for the "Miami Shelter Program" 2020-2021 Enclosures: 9126 Bid Waiver Memo 9126 Notice to the Public 9126 Camillus House Shelter Program Request FY '21 It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the issuance of a grant, in an amount not to exceed One Hundred Seventy -Five Thousand ($ 175,000.00), to Camillus House, Inc. to underwrite costs associated with the "Miami Shelter Program." JUSTIFICATION: Section 4.4, C., D-1, at page 41 of the CRA Plan, Section 4.4, D., A-2, at page 42 of the CRA Plan and Section 5.5, at pages 94-95 of the Plan, respectively list maximizing conditions for residents to live in the area, the elimination of conditions which contribute to blight, and strategies to improve human services delivery as stated redevelopment objectives. Camillus House, Inc. is an entity that addresses the aforementioned issues in the Redevelopment Area and has sought funds from the OMNI CRA for the "Miami Shelter Program" (Program"). Camillus House, Inc. has a proven track record of helping the homeless population, in particular the chronic homeless as well as the homeless population in the Redevelopment Area, and the Program would further its efforts in this regard. Grant funds will be allocated from Omni CRA's 2020-2021 TIF revenue in an amount not to exceed $175,000.00 ("Funds"), to Camillus House, Inc. to underwrite a portion of the costs associated with the Program. The objectives of the Plan would be furthered by the provision of additional services to Packet Pg. 198 2.2 the homeless and the elimination of slum and blight to increase the quality of life of residents in the area in the form of the Funds provided herein. This Resolution carries out the objectives of the Omni Redevelopment Plan. FUNDING: $175,000.00 allocated from 2020- 2021 Omni Tax Increment Fund Budget Line Item 19, titled "Other Grants and Aids." City of Miami Page 2 of 4 File ID: 9126 (Revision: A) Printed On: 1011912021 Packet Pg. 199 0 2.2 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 9126 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION OF GRANT FUNDS FROM OMNI CRA TIF REVENUE 2021-2022 BUDGET LINE ITEM 15 IN AN AMOUNT NOT TO EXCEED $175,000.00 TO CAMILLUS HOUSE, INC., A FLORIDA NOT FOR PROFIT CORPORATION, TO UNDERWRITE A PORTION OF COSTS ASSOCIATED WITH THE "MIAMI SHELTER PROGRAM" ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the CRA's Redevelopment Area in accordance with the 2009 Omni CRA Redevelopment Plan ("Plan"); and WHEREAS, Section 4.4, C., D-1, at page 41 of the Plan, Section 4.4, D., A-2, at page 42 of the Plan and Section 5.5, at pages 94-95 of the Plan respectively list maximizing conditions for residents to live in the area, the elimination of conditions which contribute to blight, and strategies to improve human services delivery as stated redevelopment objectives; and WHEREAS, the ongoing issues related to homelessness, including chronic homelessness, have had a deleterious effect on the Redevelopment Area by inhibiting development and adversely impacting the quality of life of area residents; and WHEREAS, Camillus House, Inc., a Florida not for profit corporation ("Camillus"), is an entity that addresses the aforementioned issues in the Redevelopment Area and has sought funds from the CRA for the "Miami Shelter Program" ("Program"); and WHEREAS, Camillus has a proven track record of helping the homeless population, in particular the chronic homeless as well as the homeless population in the Redevelopment Area, and the Program would further Camillus' efforts in this regard; and WHEREAS, the Board of Commissioners wishes to allocate grant funds from CRA TIF Revenue 2020-2021 budget line item 15 in an amount not to exceed $175,000.00 ("Funds") to Camillus to underwrite a portion of the costs associated with the Program; and City of Miami Page 3 of 4 File ID: 9126 (Revision: A) Printed On: 1011912021 Packet Pg. 200 WHEREAS, the Board of Commissioners finds furthered by the provision of additional services to the the form of the Funds provided herein; and 2.2 that the objectives of the Plan would be homeless in the Redevelopment Area in WHEREAS, the Executive Director has made a written finding pursuant to Section 18- 85(a) of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the Board of Commissioners by Resolution No. CRA-R-16-0042, that competitive negotiation methods and procedures are not practicable or advantageous to the CRA for allocating the Funds and underwriting a portion of the costs associated with the Program and has recommended to the Board of Commissioners that the finding be adopted and that competitive bidding methods and procedures be waived; and WHEREAS, the Executive Director is requesting authority from the Board of Commissioners to negotiate and execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's finding that competitive negotiation methods and procedures are not practicable or advantageous to the CRA pursuant to Section 18- 85(a) of the City Code, as adopted by the CRA, and waiving the requirements for said procedures is ratified, approved, and confirmed. Section 3. The Executive Director is authorized to allocate the Funds from CRA 2021- 2022 TIF Revenue Budget line item 15 to Camillus House to underwrite a portion of the costs associated with the Program. Section 4. The Executive Director is authorized to execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 9126 (Revision: A) Printed On: 1011912021 Packet Pg. 201 2.2.a /v _ ..' Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and DATE: October 22, 2021 Members of the CRA Board FROM: Jason Walker, Executive Director BACKGROUND: Jason Walker Executive Director SUBJECT: Recommendations and findings to waive competitive negotiation procedures per City Code, authorizing the allocation of Grant funds to Camillus House Inc. for the "Miami Shelter Program" 2020-2021 The Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2009 CRA Redevelopment Plan ("Plan"). The CRA approved and adopted Resolution No. CRA-R-16-0040, authorizing the Executive Director to implement the findings of the Grand Jury Report for Miami -Dade County recommending that tax increment funds ("TIF") received by the CRA, be used primarily for removal of slum and blight, and assisting with affordable housing for families and individuals of low or moderate income. CAMILLUS HOUSE, INC. ("Camillus"), is the oldest (50+ years) and largest continuously operated charities in South Florida, offering humanitarian services to the indigent and homeless population. Camillus possess a unique and highly specialized expertise in assisting chronic homeless and offering mental health, as well as, substance abuse disorders treatment, through its Miami Shelter Program ("Program"). Camillus's mission critical belief that each human life is to be respected; providing all clients with dignified basic human needs such as temporary housing and shelter, food, clothes and shelter, specifically addresses deleterious effects to the CRA's redevelopment area. Camillus requested aid from the CRA in the amount of $175,000 in grant funding, towards underwriting a portion of the costs associated with the Program and furthering its efforts through the provision of additional services to the homeless. The Executive Director reviewed and vetted Camillus's request, in accordance with the objectives of the Plan. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 202 2.2.a RECOMMENDATION In light of the above mentioned, in addition to Camillus's commitment to the principles identified in the CRA's Plan for well over fifty (50) years, and in consideration of the Executive Director's pledge to allocate grant funding to Camillus, approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5th) vote is respectfully requested. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 12M Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 203 2.2.b pop Omni C R A OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. at the Miami Entertainment Complex ("MEC"), located at 50 NW 14th Street, Miami, Florida 33136, to consider the award of grant funds to Camillus House Inc., a legal entity authorized to transact business/render services in the State of Florida, for the "Miami Shelter Program" for the year 2020-2021. In accordance with the Board's 2010 Redevelopment Plan ("Plan"), the Board will consider the funding, in an amount not to exceed $175,000 to underwrite a portion of the costs associated with the "Miami Shelter Program", envisioned to reduce slum and blight. Inquiries regarding this notice may be addressed to Jason Walker, Executive Director, OMNI CRA, at (305) 679- 6868. This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, and are available as with the scheduled CRA Board meeting on Friday, October 22, 2021, at 10:00 a.m. at the Miami Entertainment Complex ("MEC"), located at 50 NW 14th Street, Miami, Florida 33136. The CRA Board requests all interested parties be present or represented at the meeting and may be heard with respect to any proposition before the CRA Board, in which the Board may take action. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to U participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than five (5) business days prior to the proceeding. TTY users may call (305) 250-5472, not later than five (5) business a as days prior to the proceeding. 0 am Ad No. 36465 Todd B. Hannon 0 z Clerk of the Board N T rn Q Packet Pg. 204 2.2.c Camillus House A Ministry of the Hospitaller Brothers of St. John of God September 18, 2020 Mr. Jason Walker Executive Director OMNI-CRA 1401 N. Miami Avenue Miami, FL 33136 RE: Letter of Request for continuation funding for the City of Miami Shelter Program FY21 Dear Mr. Walker, Camillus House hereby requests continuation funding for the City of Miami Shelter Program in the amount of $175,000 from the OMNI CRA for grant year 2010-21. Camillus House has provided the City of Miami with 75 shelter beds since 2016, to facilitate the City's commitment to serving the homeless in the community. The program operates with collaborative funding from the City of Miami, The Miami Downtown Development Authority and the OMNI CRA. Services are to be delivered in accordance with the attached scope and budget for FY2021. Please feel free to contact me at 305.374.1065 ext. 308 if you have any questions or require additional inforination. Sincerely, Hilda M. Fernandez Chief Executive Officer Page 64 Packet Pg. 205 2.2.c City of Miami Shelter Program Proposal Submitted to the OMNI CRA by Camillus House, Inc. Program Description: Camillus House has successfully managed and operated the City of Miami Funded Emergency Shelter Program since 2016. The program provides the City with 75 emergency shelter beds and associated services for street homeless referred by the City of Miami Police Department. Background In order to continue its commitment to assist homeless persons within its jurisdictional boundaries, and its desire to comply with the Pottinger Settlement Agreement, the City of Miami contracted to secure seventy-five (75) emergency shelter beds at Camillus House at it main facility, located at 1603 NW 7th Avenue, Miami. With the overturn of Pottinger, Camillus continues to work with the City and the City of Miami Police to continue the previously mandated services as a known best -practice in addressing issues of the on -street homeless. Under the City of Miami Shelter Bed Program, ten (10) beds are available for 24-hour placements, and sixty-five (65) beds are available for individuals leaving the ten 24-hour beds who request additional services (e.g. Extended Stay Beds). Clients are placed in this program by City of Miami Police officers, and are homeless individuals coming primarily from areas with the highest concentration of homelessness within the City, including the area encompassing the OMNI CRA. The program has historically been funded though a partnership with the City of Miami and its affiliates the Miami Downtown Development Authority (DDA) and the OMNI CRA. The payments in the last two years have been as follows: 1. City of Miami: $460,000 2. OMNI CRA: $175,000 3. DDA: $40,000 Commitments have already been received from the City of Miami and the DDA. Through this proposal, Camillus House is requesting continuation of the OMNI CRA contribution in the amount of $175,000. This funding is essential to ensure the continued level of bed availability for the City to provide emergency housing placements, in particular for City Police Pottinger-related placements. At present, there is limited daily bed availability in all homeless shelters, with average wait times for City of Miami Homeless Outreach placements between two -three weeks. Services Provided: Camillus House provides the following services to homeless persons referred to the program which will include, but are not limited to: a. To the extent possible, make available lower level beds (when bunks beds are present) or regular single beds to facilitate access for persons with disabilities; b. Up to three (3) meals a day; c. Basic case management, information, and/or referral to ancillary services (i.e., independent living skills preparation, etc.); d. Access to basic health, substance abuse, and/or mental health screening on a voluntary basis; Packet Pg. 206 2.2.c e. Participation in the other routine services of the Camillus House Day Center program, including but not limited to, access to: showers, clothing exchange, toilet facilities, mail room, library, computers, electrical outlets, telephones, socialization, and other recreational activities; f. Assistance to receive entitlement benefits (i.e., SSI, VA, TANF, Medicaid and other entitlements), referral to educational, recreational and vocational services as appropriate, and referral to transitional and/or advanced care housing; g. Camillus provides the following amenities to homeless persons referred to the Program: i. Space sufficient to accommodate seventy-five (75) beds; ii. Organized sleeping arrangements; iii. Personnel to provide necessary care; iv. Functioning restrooms; V. Electricity to provide light; vi. A potable water source or space to accommodate water; vii. Staff personnel adequate to maintain a safe environment at the facility; viii. Adequate supplies necessary to comply with all terms of this Agreement; ix. Appropriate medical care and supplies when necessary, and within the scope of the agency's competence, in its sole discretion; X. A dog kennel; xi. Personnel property storage; and xii. Basic personal hygiene products available at no cost, such as soap, shampoo, tooth paste, toothbrush etc. Reporting: Camillus House provides the City, DDA and can provide to the OMNI CRA with monthly reports detailing 1. Total number of persons served 2. Average monthly and Daily Bed Vacancy 3. Average length of stay 4. Length of stay by participant Budget The expenses associated with the City of Miami Shelter Program are as follows: Line Item Salaries Benefits Food Service costs General, Administrative, Insurances, Supplies Direct & Ancillary support to clients Facility Expenses Program Cost ($) 290,000 65,000 60,000 35.000 20,000 205,000 675,000 In addition to the expenses above, there are $70,000 in additional expenses associated with service delivery and administrative overheads for the program in the agency FY 2021 budget. Packet Pg. 207 2.3 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND Date: October 18, 2021 r I i' " 10940 Subject:2021-2022 Camillus House Shelter Grant Enclosures: 10940 Bid Waiver Memo 10940 Notice to the Public 10940 Camillus House Shelter Program Request FY '22 It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the issuance of a grant, in an amount not to exceed One Hundred Seventy -Five Thousand ($175,000.00), to Camillus House, Inc. to underwrite costs associated with the "Miami Shelter Program." JUSTIFICATION Section 4.4, C., D-1, at page 41 of the CRA Plan, Section 4.4, D., A-2, at page 42 of the CRA Plan and Section 5.5, at pages 94-95 of the Plan, respectively list maximizing conditions for residents to live in the area, the elimination of conditions which contribute to blight, and strategies to improve human services delivery as stated redevelopment objectives. Camillus House, Inc. is an entity that addresses the aforementioned issues in the Redevelopment Area and has sought funds from the OMNI CRA for the "Miami Shelter Program" (Program"). Camillus House, Inc. has a proven track record of helping the homeless population, in particular the chronic homeless as well as the homeless population in the Redevelopment Area, and the Program would further its efforts in this regard. Grant funds will be allocated from Omni CRA's 2021-2022 TIF revenue in an amount not to exceed $175,000.00 ("Funds"), to Camillus House, Inc. to underwrite a portion of the costs associated with the Program. The objectives of the Plan would be furthered by the provision of additional services to the homeless and the elimination of slum and blight to increase the quality of life of residents in the area in the form of the Funds provided herein. This Resolution carries out the objectives of the Omni Redevelopment Plan. Packet Pg. 208 2.3 FUNDING: $175,000.00 allocated from 2021-2022 Omni Tax Increment Fund Budget Line Item 28, titled "Camillus House Miami Shelter Program." City of Miami Page 2 of 4 File ID: 10940 (Revision:) Printed On: 1011912021 Packet Pg. 209 0 2.3 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10940 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION OF GRANT FUNDS FROM OMNI CRA TIF REVENUE 2021-2022 BUDGET LINE ITEM 28 IN AN AMOUNT NOT TO EXCEED $175,000.00 TO CAMILLUS HOUSE, INC., A FLORIDA NOT FOR PROFIT CORPORATION, TO UNDERWRITE A PORTION OF COSTS ASSOCIATED WITH THE "MIAMI SHELTER PROGRAM" ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the CRA's Redevelopment Area in accordance with the 2009 Omni CRA Redevelopment Plan ("Plan"); and WHEREAS, Section 4.4, C., D-1, at page 41 of the Plan, Section 4.4, D., A-2, at page 42 of the Plan, and Section 5.5, at pages 94-95 of the Plan respectively list maximizing conditions for residents to live in the area, the elimination of conditions which contribute to blight, and strategies to improve human services delivery as stated redevelopment objectives; and WHEREAS, the ongoing issues related to homelessness, including chronic homelessness, have had a deleterious effect on the CRA's Redevelopment Area by inhibiting development and adversely impacting the quality of life of area residents; and WHEREAS, Camillus House, Inc., a Florida not for profit corporation ("Camillus"), is an entity that addresses the aforementioned issues in the CRA's Redevelopment Area and has sought funds from the CRA for the "Miami Shelter Program" ("Program"); and WHEREAS, Camillus has a proven track record of helping the homeless population, in particular the chronic homeless as well as the homeless population in the CRA's Redevelopment Area, and the Program would further Camillus' efforts in this regard; and WHEREAS, the Board of Commissioners wishes to allocate grant funds from CRA TIF Revenue 2021-2022 budget line item 28 in an amount not to exceed $175,000.00 ("Funds") to Camillus to underwrite a portion of the costs associated with the Program; and City of Miami Page 3 of 4 File ID: 10940 (Revision:) Printed On: 1011912021 Packet Pg. 210 WHEREAS, the Board of Commissioners finds furthered by the provision of additional services to the Area in the form of the Funds provided herein; and 2.3 that the objectives of the Plan would be homeless in the CRA's Redevelopment WHEREAS, the Executive Director has made a written finding pursuant to Section 18- 85(a) of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the Board of Commissioners by Resolution No. CRA-R-16-0042, that competitive negotiation methods and procedures are not practicable or advantageous to the CRA for allocating the Funds and underwriting a portion of the costs associated with the Program and has recommended to the Board of Commissioners that the finding be adopted and that competitive bidding methods and procedures be waived; and WHEREAS, the Executive Director is requesting authority from the Board of Commissioners to negotiate and execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's finding that competitive negotiation methods and procedures are not practicable or advantageous to the CRA pursuant to Section 18-85(a) of the City Code, as adopted by the CRA, and waiving the requirements for said procedures is ratified, approved, and confirmed. Section 3. The Executive Director is authorized to allocate the Funds from CRA 2021- 2022 TIF Revenue Budget line item 28 to Camillus to underwrite a portion of the costs associated with the Program. Section 4. The Executive Director is authorized to execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 10940 (Revision:) Printed On: 1011912021 Packet Pg. 211 2.3.a /v _ ..' Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and DATE: October 22, 2021 Members of the CRA Board FROM: Jason Walker, Executive Director BACKGROUND: Jason Walker Executive Director SUBJECT: Recommendations and findings to waive competitive negotiation procedures per City Code, authorizing the allocation of Grant funds to Camillus House Inc. for the "Miami Shelter Program" 2021-2022 The Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2009 CRA Redevelopment Plan ("Plan"). The CRA approved and adopted Resolution No. CRA-R-16-0040, authorizing the Executive Director to implement the findings of the Grand Jury Report for Miami -Dade County recommending that tax increment funds ("TIF") received by the CRA, be used primarily for removal of slum and blight, and assisting with affordable housing for families and individuals of low or moderate income. CAMILLUS HOUSE, INC. ("Camillus"), is the oldest (50+ years) and largest continuously operated charities in South Florida, offering humanitarian services to the indigent and homeless population. Camillus possess a unique and highly specialized expertise in assisting chronic homeless and offering mental health, as well as, substance abuse disorders treatment, through its Miami Shelter Program ("Program"). Camillus's mission critical belief that each human life is to be respected; providing all clients with dignified basic human needs such as temporary housing and shelter, food, clothes and shelter, specifically addresses deleterious effects to the CRA's redevelopment area. Camillus requested aid from the CRA in the amount of $175,000 in grant funding, towards underwriting a portion of the costs associated with the Program and furthering its efforts through the provision of additional services to the homeless. The Executive Director reviewed and vetted Camillus's request, in accordance with the objectives of the Plan. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 212 2.3.a RECOMMENDATION In light of the above mentioned, in addition to Camillus's commitment to the principles identified in the CRA's Plan for well over fifty (50) years, and in consideration of the Executive Director's pledge to allocate grant funding to Camillus, approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5th) vote is respectfully requested. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 12M Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 213 2.3.b Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. at the Miami Entertainment Complex ("MEC"), located at 50 NW 14th Street, Miami, Florida 33136, to consider the award of grant funds to Camillus House Inc., a legal entity authorized to transact business/render services in the State of Florida, for the "Miami Shelter Program" for the year 2021-2022. In accordance with the Board's 2010 Redevelopment Plan ("Plan"), the Board will consider the funding, in an amount not to exceed $175,000 to underwrite a portion of the costs associated with the "Miami Shelter Program", envisioned to reduce slum and blight. Inquiries regarding this notice may be addressed to Jason Walker, Executive Director, OMNI CRA, at (305) 679- 6868. This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, and are available as with the scheduled CRA Board meeting on Friday, October 22, 2021, at 10:00 a.m. at the Miami Entertainment Complex ("MEC"), located at 50 NW 14th Street, Miami, Florida 33136. The CRA Board requests all interested parties be present or represented at the meeting and may be heard with respect to any proposition before the CRA Board, in which the Board may take action. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than five (5) business days prior to the proceeding. TTY users may call (305) 250-5472, not later than five (5) business days prior to the proceeding. Ad No. 36466 Todd B. Hannon Clerk of the Board c L as t a� 0 x 0 E M U N N 0 N N 0 N 0 0 0 a a) t 0 0 0 z 0 le rn 0 c as E 0 �a a Packet Pg. 214 2.3.c Camillus House October 15, 2021 Mr. Jason Walker Executive Director OMNI-CRA 1401 N. Miami Avenue Miami, FI 33136 A Ministry of the Hospitaller Brothers of St. John of God RE: Request for continuation funding for the City of Miami Shelter Program 2021-22 Dear Mr. Walker, Camillus House is submitting the enclosed proposal to request continuation funding for the City of Miami Shelter Program in the amount of $175,000. Camillus House has provided the City of Miami with 75 shelter beds since 2016, to facilitate the City's commitment to serving the homeless in the community. The program operates with collaborative funding from the City of Miami, The Miami Downtown Development Authority and the OMNI CRA. Camillus presents this proposal for your consideration and presentation to the Board of the OMNI CRA for funding for FY2022. Please feel free to contact me at 305.374.1065 ext. 308 if you have any questions or require additional information. Sincerely, Hilda M. Fernandez Chief Executive Officer HOPE IS WHERE THE HEART IS 1603 NW 7th Avenue, Miami, FL 33136 1 Tel 305.374.1065 1 camillus.org Packet Pg. 215 2.3.c City of Miami Shelter Program Proposal 2021-22 Submitted to the OMNI CRA by Camillus House, Inc. Program Description: Camillus House has successfully managed and operated the City of Miami Funded Emergency Shelter Program since 2016. The program provides the City with 75 emergency shelter beds and associated services for street homeless referred by the City of Miami Police Department. Background In order to continue its commitment to assist homeless persons within its jurisdictional boundaries, and its desire to comply with the Pottinger Settlement Agreement, the City of Miami contracted to secure seventy-five (75) emergency shelter beds at Camillus House at it main facility, located at 1603 NW 7 Avenue, Miami. Under the City of Miami Shelter Bed Program, ten (10) beds are available for 24-hour placements, and sixty-five (65) beds are available for individuals leaving the ten 24-hour beds who request additional services (e.g. Extended Stay Beds). Clients are placed in this program by City of Miami Police officers, and are homeless individuals coming primarily from areas with the highest concentration of homelessness within the City, including the area encompassing the OMNI CRA. The program has historically been funded though a partnership with the City of Miami and its affiliates the Miami Downtown Development Authority (DDA) and the OMNI CRA. The payments in the last two years have been as follows: City of Miami: $460,000 OMNI CRA: $175,000 3. DDA: $40,000 Commitments have already been received from the City of Miami and the DDA. Through this proposal, Camillus House is requesting continuation of the OMNI CRA contribution in the amount of $175,000. This funding is essential to ensure the continued level of bed availability for the City to provide emergency housing placements, in particular for City Police Pottinger-related placements. At present, there is limited daily bed availability in all homeless shelters, with average wait times for City of Miami Homeless Outreach placements between two -three weeks. Services Provided: Camillus House provides the following services to homeless persons referred to the program which will include, but are not limited to: a. To the extent possible, make available lower level beds (when bunks beds are present) or regular single beds to facilitate access for persons with disabilities; b. Up to three (3) meals a day; c. Basic case management, information, and/or referral to ancillary services (i.e., independent living skills preparation, etc.); d. Access to basic health, substance abuse, and/or mental health screening on a voluntary basis; e. Participation in the other routine services of the Camillus House Day Center program, including but not limited to, access to: showers, clothing exchange, toilet facilities, mail room, library, computers, electrical outlets, telephones, socialization, and other recreational activities; Packet Pg. 216 2.3.c f. Assistance to receive entitlement benefits (i.e., SSI, VA, TANF, Medicaid and other entitlements), referral to educational, recreational and vocational services as appropriate, and referral to transitional and/or advanced care housing; g. Camillus provides the following amenities to homeless persons referred to the Program: i. Space sufficient to accommodate seventy-five (75) beds; ii. Organized sleeping arrangements; iii. Personnel to provide necessary care; iv. Functioning restrooms; V. Electricity to provide light; vi. A potable water source or space to accommodate water; vii. Staff personnel adequate to maintain a safe environment at the facility; viii. Adequate supplies necessary to comply with all terms of this Agreement; ix. Appropriate medical care and supplies when necessary, and within the scope of the agency's competence, in its sole discretion; X. A dog kennel; xi. Personnel property storage; and xii. Basic personal hygiene products available at no cost, such as soap, shampoo, tooth paste, toothbrush etc. Reporting: Camillus House provides the City, DDA and can provide to the OMNI CRA with monthly reports detailing: 1. Total number of persons served 2. Average monthly and Daily Bed Vacancy 3. Average length of stay 4. Length of stay by participant Budget The expenses associated with the City of Miami Shelter Program are as follows: Line Item Salaries Benefits Food Service costs General, Administrative, Insurances, Supplies Direct & Ancillary su Facility Expenses to clients Program Cost ($) 290,000 65,000 60,000 35,000 20,000 205,000 675,000 In addition to the expenses above, there are $65,000 in additional expenses associated with service delivery and administrative overheads for the program in the agency FY 2022 budget. The budget for the 2021-2022 OMNI portion of the program is as follows: Packet Pg. 217 2.3.c Camillus House, Inc. City of Miami Shelter 2021-2022 budget - OMNI CRA OMNI CRA Unit Cost (July -June) FTEs Budget ($) Salaries Case Manager 36,000 1.0000 $ 36,000 Case Manager 36,000 0.7500 $ 27,000 Residential Assistant 33,000 1.0000 $ 33,000 Residential Assistant 33,000 1.0000 $ 33,000 3.7500 $ 129,000 Subtotal salaries Fringe benefits and taxes 0/0 FICA (6.2%) 6.20% $ 7,998 Unemployment Taxes (4% of first $7k) 4.00% $ 1,050 Life/Disability Expense (1.5%) 1.50% $ 1,935 Gp Health Expense ($8,321/FT employee) $649 $ 29,205 Workers Comp Expense (avg of 1.25%) 1.25% $ 1,613 Medicare (1.45%) 1.45% $ 1,871 Long -Term Care (.15%) 0.15% $ 194 403b (60%enrollment) 3.00% $ 2,135 Subtotal fringe benefits and taxes $ 46,000 35.66% Total Costs $ 175,000 Packet Pg. 218 2.4 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND Date: October 18, 2021 8990 Subject:4/5ths St. John Rehab Affordability Grant - 1446 NW 1st Place, Miami, FL Enclosures: 8990 Bid Waiver Memo 8990 Notice to the Public 8990 St. John CDC Funding Request 8990 1445 NW 1 st Place —Property Search Application 8990 County Required Rent Regulatory Agreement 8990 St. John Villages Apt II Deed The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16- 0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The St. John Community Development Corporations, INC ("St. John") company submitted a grant proposal request to the CRA. St. John Community Development Corporations, INC is a for profit entity, and possesses a unique approach to affordable housing. The principals of St. John Community Development Corporations, INC have a history of successful rehabilitation of affordable housing units in Miami -Dade County. Their proposal is for the rehabilitation of approximately 10 affordable housing units concept is an ideal project for the Omni CRA area. This proposal leverages County HOME funding to apply affordability to low and very low-income residents. JUSTIFICATION The 2010 Redevelopment Plan on page 41, Section D-2 lists the objective of the CRA to, "[a]chieve rehabilitation of the maximum number of housing units." The proposal is also consistent with Section D of the plan on page 41 Section D "Improvements to the Public Realm" "to "[e]nhance the areas' visual attractiveness to businesses and residents." The plan also highlights working with private entities on page 42 A-1 to, "Provide incentives for redevelopment of blighted properties." The Plan also lists the objective A3 to, "Promote rehabilitation and maintenance of existing viable uses and structures." The St. John Community Development Corporations, INC submitted a proposal to rehabilitate a property located at the following address at 1445 NW 1st Place, Miami, Florida within the Omni CRA and now requests grant funding for the rehabilitation of the 10 units in the amount of Five Hundred Sixty -Four Thousand Dollars $564,000.00. Packet Pg. 219 2.4 RECOMMENDATION: In light of the above -mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. FUNDING: $564,000.00 allocated from Omni Tax Increment Fund 2021-2022 Budget Line Item 9. City of Miami Page 2 of 4 File ID: 8990 (Revision: A) Printed On: 1011912021 Packet Pg. 220 0 2.4 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 8990 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, TO ALLOCATE GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $564,000.00 FOR REHABILITATION OF THE PROPERTY LOCATED AT 1445 NW 1ST PLACE, MIAMI, FLORIDA LOCATED WITHIN THE CRA'S REDEVELOPMENT AREA; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and WHEREAS, on September 13, 2016, the Board of Commissioners of the CRA ("Board") adopted Resolution No. CRA-R-16-0042 adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA; and WHEREAS, page 41, Section D-2 of the CRA's 2010 Redevelopment Plan ("Plan") lists the objective of the CRA is to "[a]chieve rehabilitation of the maximum number of housing units" and to make "Improvements to the Public Realm" by "[enhancing] the areas' visual attractiveness to businesses and residents"; and WHEREAS, page 42, Sections A-1 and A-3 of the Plan also state as goals of the CRA to "Provide incentives for redevelopment of blighted properties" and to "Promote rehabilitation and maintenance of existing viable uses and structures"; and WHEREAS, St. John Community Development Corporation, Inc., a Florida Not For Profit Corporation ("Grantee"), submitted a proposal to the CRA to rehabilitate ten (10) affordable housing units at the property located at 1445 NW 1 st Place, Miami, Florida ("Project"); and WHEREAS, the Grantee specifically requests grant funding for the Project in the not to exceed total amount of $564,000.00; and WHEREAS, the success of the Project will result in accomplishing the stated objectives and goals of the Plan; and City of Miami Page 3 of 4 File ID: 8990 (Revision: A) Printed On: 1011912021 Packet Pg. 221 2.4 WHEREAS, based on the recommendation and findings of the Executive Director, it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, and to authorize the Executive Director to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the provision of grant funds for the Project in an amount not to exceed $564,000.00, subject to the availability of funds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written findings pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the requirements for competitive sealed bidding methods as not being practicable or advantageous to the CRA are waived. Section 3. Funding for a total amount not to exceed $564,000.00 for the Project is allocated from the CRA's Fiscal Year 2020-2021 budget line item 12. Section 4. The Executive Director is authorized to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the purposes stated herein. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 8990 (Revision: A) Printed On: 1011912021 Packet Pg. 222 2.4.a O1. Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and Members of the CRA Board FROM: Jason Walker Jason Walker Executive Director DATE: October 20, 2021 SUBJECT: Recommendations and Executive Director Findings to Waive Competitive Negotiation Procedures per City Code, authorizing the allocation of Grants funds to St. John Community Development Corporation, INC for the Rehabilitation of Property located at 1445 NW 1 st Place, Miami Florida. BACKGROUND: The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The St. John Community Development Corporation, INC submitted a grant proposal request to the CRA. St. John Community Development Corporation, INC, a for profit entity, possesses a unique approach to affordable housing. Their proposal for rehabilitation of approximately 10 affordable housing units concept is an ideal project for the Omni CRA area. The 2010 Redevelopment Plan on page 41, Section D-2 lists the objective of the CRA to, "[a]chieve rehabilitation of the maximum number of housing units." The proposal is also consistent with Section D of the plan on page 41, outlining Omni CRA Redevelopment goals as being "Improvements to the Public Realm" and to "[e]nhance the areas' visual attractiveness to businesses and residents." The plan also highlights working with private entities on page 42 A-1 to, "Provide incentives for redevelopment of blighted properties." The Plan also lists the objective A-3 to, "Promote rehabilitation and maintenance of existing viable uses and structures." The St. John Community Development Corporation, INC group has submitted a proposal to rehabilitate the property 1445 NW 1st Place within the Omni CRA and now requests grant funding for rehabilitation of the units in the amount of $564,000.00 to underwrite a portion of the costs. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ z LO 0 en rn Packet Pg. 223 2.4.a RECOMMENDATION In light of the above -mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. An approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5th) vote is respectfully requested. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 224 0 Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex, located at 50 NW 14t" St. Miami, Florida 33136. The Board will consider the award of grant funds to St. Johns CDC, a legal non-profit entity authorized to transact business/render services in the State of Florida, to underwrite a portion of the costs associated with the development of affordable housing units in the Omni CRA. In accordance with the Board's 2010 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will consider the funding, in an amount of $564,000.00 to underwrite the costs associated with the housing project. This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, and are available as with the scheduled CRA Board meeting of Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex located at 50 NW 14t" St. Miami, Florida 33136. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two (2) business days prior to the proceeding. Ad No. 36468 Todd B. Hannon Clerk of the Board Packet Pg. 225 2.4.c REV. HENRY NEVIN — FOUNDER OFFICERS: BISHOP JAMES D. ADAMS CHAIRMAN OF THE BOARD WILL MILLER, Ed.D. 1ST VICE CHAIRMAN STE JOHN COMMUNITY D t V E L O P J'A E N T C 0 P 1' fl R A T 1 0 N June 1, 2020 Mr. Jason Walker, Executive Director City of Miami Omni CRA 1401 North Miami Avenue Miami FL 33136 RE: Request for Funding: $564,000 WALTER DENNIS 2ND VICE CHAIRMAN St John Village Apartments II 1445 NW 11t Place ALEXIS SNYDER SECRETARY Dear Mr. Walker: EDWINA PACE ASSISTANT SECRETARY Following up on our discussion, regarding the Omni CRA's desire to finance THEMA CAMPBELL projects within its boundaries, I'm writing to request $564,000 to fund a TREASURER financing gap for our St John Village Apartments II, an existing 10-unit low LEHONDRA SWAIN income apartment building that we're currently rehabbing. ASSISTANT TREASURER STJOHN VILLAGE APARTMENTS II, located at 1445 NW 1st Place, is an existing BOARD OF DIRECTORS: apartment complex which is undergoing a substantial rehabilitation. When NELSON ADAMS, III, M.D. completed, the deed restricted affordable housing project will contain ten (10) EDWARD BLAIR, IV apartment units with a unit mix of four (4) two -bedroom and six (6) one - BETTY B.COLLINS,sq. bedroom units. Two of the units have been set -aside for residents earning 50% COREY B. COLLIS, Esq. g MARTHA DAY AMI and eight units have been set -aside for residents earning 65%AMI. CECIL DUFFIE TROY DUFFIE JAMAAL FAIRLEY The scope of work for the rehabilitation includes new flooring, new kitchens, ERICK FERNANDEZ KERRY GRANT new bathrooms, new hurricane impact windows/ doors, central alr- ROBERTHARRIS,Esq. conditioning, interior and exterior painting, new laundry facility, garbage HOMER HUMPHREY, RPh. DONAVAN JACKSON enclosure, new roof, major plumbing and electrical repairs/upgrades and site GARFCHARIE S SCOT -ER, Esq. improvements to include an onsite drainage system. CHARLES SCOTT p g Y T'RAN STUDWELL, Ed.D. ERIC L. HAYNES Current Status: As of the date of this communication, the roof is complete and EXECUTIVE DIRECTOR many of the finish materials have been purchased and are stored in sealed St. John Community Development, Corp. containers on site and at the CDC's office parking lot. 1324 NW 3rd Ave Miami FL 6 305-372-0682 Phone 2-0682 p issuance oe master We anticipate the if the permit within the next two weeks 305-381-9574 Fax and the remobilization of construction activity at the site by July 151, 2020. www.stjohncdc.org We are attaching the following documents to assist you in considering our request: Packet Pg. 226 2.4.c • Sources & Uses of Funds • Operating Pro Forma for the initial year of operation (Note that while HOME funding allows rents affordable to up to 65% AMI for eight of the units, we're projecting 60% AMI rents less $40 per month to ensure the older rehabbed units can be competitive with newly constructed LIHTC units, including our own.) • Recorded Rent Regulatory Agreement with Miami -Dade County • Timeline (assuming master permit is approved in time to start July 15t) Our justification for the $564,000 contribution is based on the attached Sources & Uses. You will note that we are currently leveraging $812,117 in HOME funds from Miami -Dade County and about $667,000 in SJCDC equity value of the property. We look forward to your favorable consideration of our request. Please let us know if you need additional information. We are also available to conference with you to address any questions you may have. Sincerely, <5-- � ___� Eric L. l4ayis Executive Director Packet Pg. 227 Address Owner Name Folio SEARCH: 1445 nw 1st place Back to Search Results PROPERTY INFORMATION Folio: 01-3136-051-0470 Sub -Division: WADDELLS RESUB PB 1-169 Property Address 1445 NW 1 PL Owner ST JOHN COMMUNITY DEV CORP INC Mailing Address PO BOX 015344 MIAMI. FL 33101 PA Primary Zone 3900 MULTI -FAMILY - 38-62 U/A Primary Land Use 0303 MULTIFAMILY 10 UNITS PLUS: MULTIFAMILY 3 OR MORE UNITS Beds / Baths / Half 14 / 10 / 0 Floors 2 Living Units 10 Actual Area I Packet Pg. 228 2.4.d Living Area Adjusted Area 4,880 Sq.Ft Lot Size 10,600 Sq.Ft Year Built 1959 m �d Imp w Featured Online Tools Comparable Sales PA Additional Online Tools Property Search Help Report Discrepancies O ai u a t r Z at.•, View r ' 6'rLa s Ln O W - 01 O r C O R V .Q EL Q z s v O a. fr ag - ti U " 4y d I r "al Photogr' ,. li Z u� Ln r O O 01 Glossary 00 r Property Record Cards Property Taxes t Report Homestead Fraud U a Packet Pg. 229 2.4.d Special Taxing Districts and Other Non -Ad valorem Assessments Tax Estimator Value Adjustment Board ASSESSMENT INFORMATION Year Land Value Building Value Extra Feature Value Market Value Assessed Value e TAXABLE VALUE INFORMATION COUNTY Exemption Value Taxable Value SCHOOLBOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value BENEFITS INFORMATION Tax Comparison TRIM Notice 2020 2019 2018 $159,000 $127,200 $127,200 $555,000 $539,491 $251,800 s $0 $0 s $0 $714,000 $666,691 1 $379,000 s $458,590 2020 $458,590 $0 $714,000 $0 $458,590 $0 $458,590 $0 Benefit Type 2020 Non -Homestead Cap Assessment Reduction $255,410 Affordable Housing Exemption $458,590 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). $416,900 $379,000 ; c 2019 2018 1 u $416,900 $379,000 s u $0 $0 e c a a a $666,691 $379,000 s $0 $0 s S $416,900 $379,000 < 1< $416,900 $379,000 i c $0 $0 n 2019 2018 u It e $249,791 t c $416,900 $379,000 a Packet Pg. 230 2.4.d FULL LEGAL DESCRIPTION 25-36 53 41 PB 1-169 WADDELLS RE -SUB OF BLK 44 LOTS 2 & 3 & W1/2 OF ALLEY LYG E & ADJ CLOSED PER ORD 13492 LOT SIZE 10600 SO FT M/L OR 19006-3325 THRU 3328 02004 (5) SALES INFORMATION Previous Sale Price OR Book -Page Qualification Description 02/01/2000 $0 00000-00000 Sales which are disqualified as a result of examination of the deed For more information about the Department of Revenue's Sales Qualification Codes. 2020 2019 2018 LAND INFORMATION The calculated values for this property have been overridden. Please refer to the Land, Building, and XF Values in the Assessment Section, in order to C O Land Use Muni Zone PA Zone Unit Type u GENERAL T4-R 3900 - MULTI -FAMILY - 38-62 U/A Square Ft. 0-1 CL GENERAL T4-R 3900 - MULTI -FAMILY - 38-62 U/A Square Ft. a s d U) BUILDING INFORMATION The calculated values for this property have been overridden. Please refer to the Land, Building, and XF Values in the Assessment Section, in order to 0 a Building Number Sub Area Year Built Actual Sq.Ft. Living Sq.Ft. vl I O 1 1 1959 d r Z EXTRA FEATURES I The calculated values for this property have been overridden. Please refer to the Land, Building, and XF Values in the Assessment Section, in order to r o rn on Description Year Built o Paving - Asphalt 1959 r E t u a Packet Pg. 231 2.4.d ADDITIONAL INFORMATION * The information listed below is not derived from the Property Appraiser's Office records. It is provided for convenience and is derived from other government agencies. LAND USE AND RESTRICTIONS Community Development District: NONE Community Redevelopment Area: OMNI Empowerment Zone: NORTH CENTRAL Enterprise Zone: CENTRAL Urban Development: INSIDE URBAN DEVELOPMENT BOUNDARY Zoning Code: T4-R - Existing Land Use: 30 - MULTI -FAMILY, LOW -DENSITY (UNDER 25 DU/GROSS ACRE). Government Agencies and Community Services OTHER GOVERNMENTAL JURISDICTIONS Business Incentives Childrens Trust City of Miami Environmental Considerations Florida Inland Navigation District PA Bulletin Board Special Taxing District and Other Non -Ad valorem Assessment School Board South Florida Water Mgmt District Tax Collector The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. - Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.as For inquiries and suggestions email us at http://www.miamidade.gov/PAPortal/ContactForm/ContactFormMain.aspx. Version: 2.0.3 EXEMPTIONS & BENEFITS Deployed Military Packet Pg. 232 2.4.d Disability Exemptions Homestead Institutional Senior Citizens REAL ESTATE 40 Yr Building Re -Certification Appealing Your Assessment Defective Drywall Folio Numbers Mortgage Fraud TANGIBLE PERSONAL PROPERTY Appealing your Assessment Assessment Information Search Exemptions Extension Requests Filing Returns PUBLIC RECORDS More > More > More > Packet Pg. 233 2.4.d Address Blocking Change of Name Change of Address Change of Ownership & Title Declaration of Condominium ONLINE TOOLS Property Search Property Sales Tax Estimator Tax Comparison Homestead Exemption and Portability TAX ROLL ADMINISTRATION Appealing your Assessment Reports More > More > More > Packet Pg. 234 2.4.d E O i O V D- EL a t u L Cn L d Q O L a i d a r Z Ln r O O C1 Co r C d E t V R a+ r+ a Packet Pg. 235 This Instrument Was Prepared By: Legal Services of Greater Miami, Inc. 3000 Biscayne Boulevard, Ste 500 Miami, FL 33137 Record and Return to: Brenda Kuhns Neuman Miami -Dade County Attorney's Office 111 N.W. 1st Street, Suite 2810 Miami, Florida 33128 Property Address: 1445 NW 3rd Avenue Miami, FL Folio: 01-3136-051-0470 OR BK 30224 Fas 46:59-4672 (14F9s) RECORDED 09/09/2016 14:01:23 HARVEY R€JVINr CLERK OF COURT PIIANI-DADE CQUFiTY- FLORIDA MIAMI-DADE COUNTY RENTAL REGULATORY AGREEMENT WHEREAS, pursuant to Resolution No. R-165-13 and R-686-14adopted by the Miami -Dade County Board of County Commissioners, on March 5, 2013 and July 15, 2014 respectively, MIAMI- DADE COUNTY (hereinafter referred to as the "County") is authorized to loan EIGHT HUNDRED TWELVE THOUSAND ONE HUNDRED SEVENTEEN AND 00/100 DOLLARS ($812,117.00), of (hereafter referred to as the "County Loan") to ST. JOHN COMMUNITY DEVELOPMENT CORPORATION, INC., a Florida non-profit corporation, its heirs, successors and assigns (hereinafter referred to as the "Owner") for the purposes outlined and pursuant to the conditions set forth in the Promissory Note, Mortgage and Security Agreement, Assignment of Leases, Rents and Profits, the Loan Agreement, and the 2016 HOME Agreement between the County and the Owner and the Note in favor of the County executed simultaneously with this Rental Regulatory Agreement (the "Agreement") (hereinafter referred to as "Loan Documents"); and WHEREAS, in connection with receipt of the County Loan, the Owner agrees to maintain the rents at certain prescribed rates, as set forth in this Agreement; and WHEREAS, the County has funded this loan with Home Investment Partnerships ("HOME") funds, however at the County's discretion at any time, including after this Agreement is recorded, the County may use a another funding source to fund the County Loan, and in that event this Agreement shall endure in its entirety regardless of the funding source ultimately used to fund the County Loan, NOW, THEREFORE, for and in consideration of Ten dollars ($10.00), the promises and covenants contained in this Agreement and for other good and valuable consideration received and acknowledged this 'Wday of September, 2016, the Owner, whose address is 1324 NW 3rd Avenue, Miami, Florida 3313 , Its successors and assigns, and Miami -Dade County, a political subdivision of the State of Florida (the "County") having a principal address of 11 I N.W. 1 st Street, Miami, Florida 33128, through its Public Housing and Community Development Department (PHCD), or successor department, hereby agree as follows: 1 Packet Pg. 236 2.4.e PROPERTY ADDRESS: LEGAL DESCRIPTION OF PROPERTY: The real property legally described and attached hereto in Exhibit A and located in Miami -Dade County (hereinafter referred to as the "Property") Dwelling Units: 10 units (the "Units"). These are HOME -assisted residential units which shall be governed by this Agreement. Rents: Rent shall mean rent plus utilities or the utility allowance, as described in 24 C.I.R. 92.252(a), as may be amended from time to time. Maximum Rents and maximum monthly allowances for utilities and services shall be established by PHCD. Allowances for utilities and services shall be updated annually by PHCD. High HOME Rents: The lesser of: (a) fair market value for existing housing for comparable units in the area as established by United States Department of Housing and Urban Development ("HUD") under 24 C.F.R. 888.111; or (b) rent that does not exceed 30 percent of the adjusted income of a family whose annual income equals 65 percent of the median income for the area, as determined by HUD, with adjustments for number of bedrooms in the Unit. The HOME rent limits provided by HUD will include average occupancy per unit and adjusted income assumptions. Low HOME Rents: Rent which meets one of the following requirements: (a) the rent does not exceed 30 percent of annual income of a family whose income equals 50 percent of area median income, as determined by HUD, with adjustments for smaller and larger families; or (b) the rent does not exceed 30 percent of the family's adjusted income; however, if the unit receives federal or state project -based rental subsidy and the very low- income family pays a contribution toward rent not more than 30 percent of the family's adjusted income, there the maximum rent (i.e., tenant contribution plus project -based rental subsidy) is the rent allowable under the federal or state project -based rental subsidy program. In no event shall the Low HOME Rent be higher than the High HOME Rent. Utility Allowance: The County shall establish maximum monthly allowances for utilities and services (excluding telephone) and update the allowances annually. Affordable: Rent, as defined herein, which does not exceed the High HOME Rent, as defined herein. WITNESSETH: E Packet Pg. 237 2.4.e L Owner agrees with respect to the Property for the period beginning on the date of recordation of the Loan Documents, and ending on the last day of the thirtieth (30th) year after the year in which the Project is completed, that: a) All Units shall be Affordable. For projects with five (5) or more HOME -assisted units, at least 20%, or 2, of the Units must have Rents which are less than or equal to the Low HOME Rents and must be occupied by families whose annual incomes do not exceed 50% of Area Median Income, as determined by U.S. HUD. The remaining 8 of the Units must be leased to families with incomes at or below 60% AMI and must have rents which are less than or equal to the High HOME Rents. Pursuant to Section 504 of the Rehabilitation Act, Owner shall design at least 5% of the Units, or at least one Unit, whichever is greater, to meet Uniform Federal Accessibility Standards ("UFAS) or a standard that is equivalent or stricter, for persons with mobility disabilities; and 2% of the Units, or at least one (1) Unit, whichever is greater, must be accessible for persons with hearing or visual disabilities. Accordingly, the maximum initial approved rental rates for this property are indicated in Exhibit B attached hereto. b) This Agreement shall be a recorded restrictive covenant on the Property, and all buildings and other improvements constructed or to be constructed thereon (collectively, the "Project"). The subject matter of this Agreement and the covenants set forth herein touch and concern the Property. It is the intent of the parties that this Agreement and the covenants set forth herein run with the Property. This Agreement shall be binding on the Property, the Project, and all portions thereof, and upon any purchaser, grantee, transferee, owner or lessee or any portion thereof, and on the heirs, executors, administrators, devisees, successors and assigns of any purchaser, grantee, owner or lessee and on any other person or entity having any right, title or interest in the Property, the Project, or any portion thereof, for the length of time that this Agreement shall be in force. Owner hereby makes and declares these restrictive covenants which shall run with the title to said Property and be binding on the Owner and its successors in interest, if any, for the period stated in the preamble above, without regard to payment or satisfaction of any debt owed by Owner to the County or the expiration of any Contract between the Owner and the County. c) The Units shall include the following services to each unit: The above rentals will include the following services to each unit: Low-VOC paint for all interior walls (50 grams per liter or less for flat paint; 150 grams per liter or less for non -flat paint); Water Sense certified faucets and toilets and shower heads with flow of 2.2 gallons per minute or less in all bathrooms; code compliant impact windows and doors in all units; Window treatment/ covering for each window and glass door inside each unit; Termite prevention and pest control throughout the entire affordability period; Entrance door must have two peepholes, one at standing eye level and one at seated eye level, not more than 43 inches from bottom of door; Over the range Microwave and for the ADA units on the counter; Exterior lighting in open and common areas; Ceramic tiles throughout the entire unit; Air conditioning units with a 3 Packet Pg. 238 2.4.e minimum SEER rating of 14; Cable or satellite TV hook-up in each unit and if the Development offers cable or satellite TV service to the residents, the price cannot exceed the market rate for service of similar quality available to the Development's residents from a primary provider of cable or satellite TV; Full-size range, oven and Energy Star qualified refrigerator in all units; At least two full bathrooms in all 3 bedroom or larger new construction units; Double Bowl kitchen sink in all units, undermount if granite countertops are used ;Garbage Disposal in all units; ceramic tile bathroom floors and marble window sills in all units; Steel exterior entry door frames in all units. New kitchen cabinets with granite counter top(s) or comparable in all units -new or rehab, new bathroom cabinet(s, excluding medicine cabinet, in all units new or rehab) all cabinets must be wood. New plumbing fixtures in kitchen and bathroom(s) in all rehabilitation units, (minimum of new sink and facets in kitchen and minimum of new tub, sink and faucets in bathroom(s)). Each kitchen area shall have a pantry with no less than 20 cubic feet of storage space. The Development shall have the following amenities: gated community with "carded" or "touchpad" entry or security guard, or if 2 or more stories, "carded" or "touchpad" secure entry to each building. d) Owner agrees that upon any violation of the provisions of this agreement, the County, through its agent PHCD, may give written notice thereof to the Owner, by registered mail, at the address stated in this agreement, or such other address or addresses as may subsequently be designated by the Owner in writing to PHCD, and in the event Owner does not cure such default (or take measures reasonably satisfactory to PHCD to cure such default), within thirty (30) days after the date of notice, or within such further time as PHCD may determine is necessary for correction, PHCD may, without further notice, declare a default under the Mortgage and/or this Agreement, and effective upon the date of such default, PHCD may: i) Declare the whole indebtedness under the Note evidencing the Loan immediately due and payable and then proceed with foreclosure of the Mortgage; ii) Apply to any court, County, State or Federal, for any specific performance of this agreement; for an injunction against the violation of this agreement; or for such relief as may be appropriate since the injury to PHCD arising from a default remaining uncured under any of the terms of this agreement would be irreparable, and the amount of damage would be difficult to ascertain. e) Owner further agrees that it will, during the term of this Agreement: furnish each resident at the time of initial occupancy, a written notice that the rents to be charged for the purposes and services included in the rents are approved by the County pursuant to this Agreement; that they will maintain a file copy of such notice with a signed acknowledgment of receipt by each resident; and, that such notices will be made available for inspection by the County during regular business hours. 4 Packet Pg. 239 2.4.e f) Owner agrees that the Units shall meet the energy efficiency standards promulgated by the Secretary of the United States Department of Housing and Urban Development (hereafter "HUD"). g) Owner agrees that all residential tenant leases of the Units shall (a) be for an initial term of not less than one year, (b) be renewed at the end of each term except for good cause or mutual agreement of Owner and residential tenant. h) Owner agrees to operate the Dwelling Units in accordance with the federal regulations governing the HOME program, specifically 24 C.F.R. Part 92 (the "Home Regulations"). The Home Regulations include tenant protections as set forth in 24 C.F.R. 92.253, which Owner shall comply with and which are attached for reference as Exhibit "C". IL PHCD shall establish maximum monthly allowances for utilities and services (excluding telephone) and update the allowances annually. Owner agrees that it shall not charge Rent to any tenant in a Unit which exceeds the High HOME Rent, as defined herein. PHCD and Owner agree that Rents may increase as median income increases in accordance with new maximum HOME Rents published by HUD. All adjustments to Rents may be made only with the written consent of the County (and HUD if applicable), in the County's and HUD's sole and absolute discretion. Owner understands and acknowledges that it has no right or interest in a Rent amount increase, and that Rent limitations are a material part of the consideration for the County loan of HOME funds, and without such limitations the County would not have loaned the funds. Owner will provide documentation to justify a rental increase request. Within thirty (30) days of receipt of such documentation, PHCD will approve or deny, as the case may be, in its sole and absolute discretion, all or a portion of the rental increase. PHCD will provide Owner with information on updated HOME rent limits so that rents may be adjusted (not to exceed the maximum HOME rents III. Except as otherwise noted, all parties expressly acknowledge that PHCD shall perforin all actions required to be taken by Miami Dade County pursuant to Paragraphs 4, 5, 6 and 7, hereof for the purpose of monitoring and implementing all the actions required under this Agreement. In addition, thirty (30) days prior to the effective date of any rental increase, the Owner shall furnish PHCD with notification provided to tenants advising them of the increase. IV. Occupancy Reports. The Owner shall, on an annual basis, furnish PHCD with an occupancy report, which provides the following information: A) A list of all occupied apartments, indicating composition of each resident family, as of the end date of the reporting period. 5 Packet Pg. 240 2.4.e B) A list of all vacant apartments, as of the end date of the reporting period. C) The total number of vacancies that occurred during the reporting period. D) The total number of Units that were re -rented during the reporting period, stating family size and income. E) The Owner shall upon written request of PHCD allow representatives of PHCD to review and copy any and all of tenant files, including but not limited to executed leases and tenant income information. V. Inspections Pursuant to 42 U.S.C. § 12755, the Owner shall maintain the Property in compliance with all applicable federal and local housing quality standards, receipt of which is acknowledged by the Owner, including those contained in Sec. 17-1, et seq., Code of Miami -Dade Coin, pertaining to minimum housing standards (collectively, "Housing Standards"). A) PHCD shall annually inspect the Property, including all Dwelling Units and common areas, to determine if the Property is being maintained in compliance with federal Housing Quality Standards and any applicable state, municipal or Miami -Dade County Minimum Housing Codes or Housing Standards. The Owner will be furnished a copy of the results of the inspection within thirty (30) days, and will be given thirty (30) days from receipt to correct any deficiencies or violations of the property standards of the Dade County Minimum Housing Codes or Housing Standards. B) At other times, at the request of the Owner or of any tenant, PHCD may inspect any unit for violations to the property standards of any applicable federal, state, municipal or Miami -Dade County Minimum Housing Codes or Housing Standards. The tenant and the Owner will be provided with the results of the inspection and the time and method of compliance and corrective action that must be taken. C) The dwelling units shall contain at least one bedroom of appropriate size for each two persons. VI_ Lease Agreement, Selection Policy and Management Plan Prior to initial rent -up and occupancy, the Owner will submit the following documents to PHCD: A) Proposed form of resident application. B) Proposed form of occupancy agreement. C) Applicant screening and tenant selection policies. D) Maintenance and management plan which shall include the following 6 Packet Pg. 241 2.4.e infonnation: 1. A schedule for the performance of routine maintenance such as up -keep of common areas, extermination services, etc. 2. A schedule for the performance of non -routine maintenance such as painting and reconditioning of dwelling units, painting of building exteriors, etc. 3. A list of equipment to be provided in each dwelling unit. 4. A proposed schedule for replacement of dwelling equipment. 5. A list of tenant services, if any, to be provided to residents. The Owner agrees that the County has the right to refer eligible applicants for housing. The Owner shall not deny housing opportunities to eligible, qualified families, including those with Section $ Housing Choice Vouchers, unless the Owner is able to demonstrate a good cause basis for denying the housing as determined by PHCD in its sole and absolute discretion Pursuant to the Miami -Dade Board of County Commissioners' Resolution No. R-34-15, the Owner, its agents and/or representatives, shall provide written notice to the County related to the availability of rental opportunities, including, but not limited to, the number of available units, bedroom size, and rental prices of such rental units at the start of any leasing activity, and after issuance of certificate of occupancy. The Owner, its agents and/or representatives shall also provide the County with the contact information for the Owner, its, agents and/or representatives. VII. Financial Reports A) Annually, the Owner shall transmit to the County a certified annual operating statement showing project income, expenses, assets, liabilities, contracts, mortgage payments and deposits to any required reserve accounts (the "Operating Statement"). PHCD will review the Operating statement to insure conformance with all provisions contained in this Agreement. B) The Owner will create a reserve for maintenance to be funded $300 per unit per year. This reserve may be combined with reserve accounts required by any other parties making loans to Owner and will be deemed satisfied by any deposits made by Owner in accordance with loan documents $300 per unit per year. VIII. Action By or Notice to the County Unless specifically provided otherwise herein, any action to be taken by, approvals made by, or notices to or received by the County required by this Agreement shall be taken, made by, given or delivered to: Public Housing and Community Development 701 N. W. 1 Court 14"' Floor Miami, Florida 33136 Attn: Director Packet Pg. 242 2.4.e Copy to: Miami -Dade County Attorney's Office I I I N.W. 1 Street, Suite 2810 Miami, Florida 33128 Attn: Brenda Kuhns Neuman, Esq, or any of their successor agencies or departments. IX. Recourse: In the event of a default by the Owner under this Agreement, Lender shall have all remedies available to it at law and equity. X. Rights of Third Parties: Except as provided herein, all conditions of the County hereunder are imposed solely and exclusively for the benefit of the County and the United States Department of Housing and Urban Development ("HUD") and their successors and assigns, and no other person shall have standing to require satisfaction of such conditions or be entitled to assume that the County or HUD will make advances in the absence of strict compliance with any or all conditions of County or HUD and no other person shall under any circumstances, be deemed to be a beneficiary of this Agreement or the loan documents associated with this Agreement, any provisions of which may be freely waived in whole or in part by the County or HUD at any time if, in their sole discretion, they deem it desirable to do so. In particular, the County or HUD make no representations and assume no duties or obligations as to third parties concerning the quality of the construction by the Owner of the Property or the absence therefrom of defects. XI. Conflict with Other County Rental Regulatory Agreements: Where the terms, conditions and obligations set forth in this Rental Regulatory Agreement conflict with another Rental Regulatory Agreement on the Property executed between Owner and the County, the terms, conditions and obligations set forth in this Agreement shall prevail. SIGNATURES APPEAR ON FOLLOWING PAGES 11 Packet Pg. 243 2.4.e IN WITNESS WHEREOF, County and Owner have caused this Agreement to be executed on the date first above written. C�]itj►1 �1.i� By: ST. JOHN COMMUNITY DEVELOPMENT CORPORATION, INC., a Florida nor -profit corporation Dr. Nelson Adams, Chairperson STATE OF FLORIDA COUNTY OF MIAMI-DADE The foregoing Rental Re ulatory Agreement was sworn to, subscribed and acknowledged before me this Ad day of iAtbtJ , 2016, by Dr. Nelson Adams, Chairperson, on be John Community Development Corporation, Inc., a Florida non-profit corporation. He (=91� known to mei or has produced identification My commission expires: (?RZS Notary Public State of Florida at Large CHIARA 6RANMAETTER h •+: MY COVA4631ON 0 MOM EXPIRES Febmmny 12. 2019 iaor f s9e-oi ss .� I Packet Pg. 244 2.4.e ATTEST: HARVEY RUVIN, C By: DEPU Y CLERK MIAMI-DADE CO TY FLORIDA By: RUSSE/BENFORi� D 10 DEPUTY COUNTY MAYOR Packet Pg. 245 2.4.e EXHIBIT "A" Legal Description Of The Property Lot 2 and 3, Block 44, of WADDELL'S RESUBDIVISION, according to the Plat thereof as recorded in Plat Book 1 at page 169 of the Public Records of Miami -Dade County, Florida. 11 Packet Pg. 246 2.4.e EXHIBIT B Maximum Initial Approved Rental Rates* Number of Units Type Gross Rent Utility Net Rent 150%AMI 2BR/1Bath $762 $127 $635 3 60%AMI 2BR/lBath $915 $127 $788 150%AMI 1Br/1Bath $635 $92 $543 5 60% AMI 1Br/1Bath $762 $92 $670 * Notwithstanding this Maximum Initial Approved Rental Rate schedule, in no event shall any Rent exceed the High HOME Rent, as defined in this Agreement. At the discretion of the County, up to twenty percent (20%) of the rental units, per project, may be designated for Housing Choice Voucher (Section 8) subsidy, either project -based or tenant -based. The Owner shall not deny housing opportunities to eligible, qualified Housing Choice Voucher (Section 8) applicants referred by the County, unless good cause is documented by the Owner and submitted to the County. 1►h�� Mortgage Document No: Book Number: r- 3) 0 2_ L County: MIAMI-DADE State: FLORIDA 12 LOAN DOCUMENT INFORMATION TO BE PROVIDED FOLLOWING RECORDING OF u • 1 WWO, Date Recorded: 1 Page Number: Packet Pg. 247 2.4.f �:, 1900693328 This Instrument Prepared By: Rebecca N. Killer, Esq. Killer G Nebner, P.A. Post office Box 266947 Wanton, Florida 33326-6947 Property Identification Number: (See Exhibit "A" attached hereto) Grantee's Identification Numbers QUIT CLAIM DEED 0OR097293 2000 W 01 13:47 DOCSTPDEE 0.60 SURT% 0.45 HARVEY RUVIHP CLERK DADE COUHTYP FL THIS QUIT CLAIM DEED executed effective as of this 24th day of February, 2000, by Fred J. Bernhardt, Jr., as Trustee of The Constance Dundas Foundation created under the Last Will and Testament of Constance Dundas, Deceased ("Grantor"), whose address is 909 East Main Street, 800 Mutual Building, Richmond, Virginia 23219-3013 to St. John Community Development Corporation, Inc., a Florida non-profit corporation ("Grantee"), whose address is Post Office Box 015344, Miami, Florida 33101-2344. WITNESSETH, that Grantor for and in consideration of the sum of $10.00, in hand paid by Grantee, the receipt whereof is hereby acknowledged, does hereby remise, release and quit claim unto Grantee forever, all the right, title, interest, claim and demand which Grantor has in and to the following described parcels of land, situate, lying and being in the County of Miami -Dade, State of Florida and more particularly described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. To have and to hold the same together with all and singular the appurtenances thereto belonging or in anywise appertaining, and all the estate, right, title, interest, lien, equity and claim whatsoever of Grantor free from all exemptions and rights of homestead. The property conveyed hereby is not the homestead of the Grantor or any beneficiary of The Constance Dundas Foundation Created Under The Last Will and Testament of Constance Dundas, Deceased. IN WITNESS WHEREOF, Grantor has signed and sealed these presents to be effective as of the day and year first above written. Signed, sealed and delivered in the presepcexof: Sign Name V .2 Print Name „ _ j/ Sign Na Print Name STATE OF FLORIDA ) )SS COUNTY OF MIAMI-DADE) Fred J. Bernhardt, Jr., as Trustee of The Constance Dundas Foundation created Under The Last Will and Testament of Constance Dundas, Deceased 800 Mutual Building 909 East Main Street Richmond, Virginia 23219-3013 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgements, personally appeared Fred J. Bernhardt, Jr., as Trustee of The Constance Dundas Foundation created Under The Last Will and Testament of Constance Dundas, Deceased, to me known to be the person described in and who executed the foregoing J u_ E 20 2 m v m a w T Z co C y m 0 w a �a r d C s 0 y N W Ln 0 rn rn 0 z3 d d w a a C 0 0 rn rn 0 C 0 E s v M Q Packet Pg. 248 2.4.f hEc. I.IUV ' UM instrument and he acknowledged before me that he executed the same for the uses.and purposes therein specified.N& PR60108P I+ d R i v aRs Lr L ts�- st � ► D� ,-� �G�� WITNESS my han and official seal in the County and S to last aforesaid this day of February, 2000. NOTARY PUBLIC, StM for da My Commission Expires: at Large (SEAL) rvH�a��roNH�Ar�a��iA��q� Deutch q * Natuy public, Sue of ' Jr. i Djano MC--=W No. CC33 < YC—iuioaExp.07/31rAW i\1�),M6TAAY `IL Nau7 Serv!x R B 2 Packet Pg. 249 2.4.f GEC. 1902330 EXHIBIT "A" LEGAL DESCRIPTION PARCEL I: Lots 2 and 3, Block 44, of WADDELL'S RESUBDIVISION, according to the Plat thereof, as recorded in Plat Book 1, Page 169, of the Public Records of Miami -Dade County, Florida PARCEL II: Lots 7, 8 and 9, Block 21, of ALICE BALDWIN'S SUBDIVISION, according to the Plat thereof, as recorded in Plat Book "B", Page 87 and Plat Book 6, Page 43, of the Public Records of Miami -Dade County, Florida PARCEL III: Lot 14, Block 9, of SOST'S SUBDIVISION, according to the Plat thereof, as recorded in Plat Book "B", Page 27, of the Public Records of Miami -Dade County, Florida PARCEL IV: Lots 17 and 21, less the West ten (10) feet thereof, of SUBDIVISION OF LOT 1, BLOCK 17, ERICKSON'S ADDITION, according to the Plat thereof, as recorded in Plat Book "B", Page 93, of the Public Records of Miami -Dade County, Florida INFORMATION: Parcel I Folio No.: 01 3136 051 0470 Parcel II Folio No.: 01 3136 009 2060 Parcel III Folio No.: 01 3136 037 0480 R�coR�«ar rax sooK Parcel IV Folio Nos.: 01 3136 027 0160 uaaWCOLNrv. RDRnti 01 3136 027 0200 RECORD VFRWArD WVEY RUVIN c(ERK ctRcWr couar Packet Pg. 250 1 2.5 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Pro.-- Jason Walker Executive Director BACKGROUND: Date: October 19, 2021 10941 Subject: CAPROCK 123, LLC Grant Enclosures: 10941 Bid Waiver Memo 10941 Caprock123 Proposal 10941 Notice to the Public The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. Caprock 123, LLC submitted a grant proposal request to the CRA requesting the amount of $1,300,000.00 to underwrite a portion of the costs to develop a mixed -use project within the Omni CRA. Caprock 123, LLC, a for -profit entity, possesses a unique approach to this small -lot mixed -use development project consisting of ground floor commercial, office space, and 3 or more units of low- or very -low-income restricted housing. This will be the first new building on 14th Street in the Omni CRA area of Overtown since the 1-395 Expressway was constructed through the neighborhood. The principal of Caprock 123, LLC has a history of successful development of housing units in Miami -Dade County, and within the Omni CRA. But for the assistance of the CRA, this project would not be feasible. JUSTIFICATION: Chapter 4 of the 2019 Amended Omni CRA Redevelopment Plan reaffirms the importance of the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the CRA (from which it accepts projects it seeks to support to provide low, or very -low-income housing), it identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate units," specifically units for low-income residents Packet Pg. 251 2.5 (less than 80% AMI). This project is consistent with Florida Statute 163, and also the goals and objectives of the 2019 Omni CRA Redevelopment Plan. The rates will remain in effect On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with varying types of employment can live in one area. To that end, the CRA outlined the following programmatic methods it can employ to increase the supply of affordable housing: To Assist For -Profit Housing Providers in the CRA could: 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified the following goal on page 5-56 of the Redevelopment Plan: 6) Housing Affordability - The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district. GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient number of units that are affordable to the target populations. The Caprock 123, LLC proposal submitted will develop the property with the following address at 123 NW 14th Street, Miami, Florida, within the Omni CRA and now requests grant funding to underwrite a portion of the costs. RECOMMENDATION: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the execution of a Grant agreement for an amount not to exceed $1,300,000.00 with Caprock 123, LLC ("Developer") for the development of this mixed -use development project consisting of ground floor commercial, office space, and 3 or more units of income -restricted housing. FUNDING: Subject to the availability of funds and subject to the Omni CRA being able to successfully secure funding for the project. $1,300,000.00 allocated from Omni Tax Increment Fund 2021-2022 Budget Line Item 9. City of Miami Page 2 of 4 File ID: 10941 (Revision:) Printed On: 1011912021 Packet Pg. 252 0 2.5 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10941 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS OF $1,300,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT OF THE PROPERTY LOCATED 123 NORTHWEST 14 STREET, MIAMI, FLORIDA WITHIN THE CRA'S REDEVELOPMENT AREA TO CAPROCK 123, LLC, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL AND SUBJECT TO THE AVAILABILITY OF FUNDS. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, On September 13, 2016, the CRA adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement code as the process in which any and all services and goods are procured by the CRA; and WHEREAS, Caprock 123, LLC, a for -profit entity ("Grantee"), submitted a request for grant funding to develop a mixed -use project consisting of ground floor commercial, office space, and three (3) or more low- or very -low-income housing units at 123 Northwest 14 Street, Miami, Florida within the CRA's Redevelopment Area consistent with applicable zoning ("Project"); and WHEREAS, page 4-23 of the 2019 Amendment to the CRA's Redevelopment Plan reaffirms the importance of the development of affordable housing to the economic vitality of the CRA and identifies among its community benefits priority for the "inclusion of an appropriate amount of below -market rate units," specifically units for low-income residents (less than 80% AMI); and WHEREAS, page 4-33 of the Plan states that "To assist for -profit housing providers in the CRA could ... Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided" and "Grant funds to assist in rehabilitation of an existing housing project"; and WHEREAS, the Grantee requests grant funding to assist with the development of the Project in the amount of $1,300,000.00; and City of Miami Page 3 of 4 File ID: 10941 (Revision:) Printed On: 1011912021 Packet Pg. 253 2.5 WHEREAS, the success of the Project will result in accomplishing the stated objectives of the Plan; and WHEREAS, based on the recommendation and findings of the Executive Director, it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, to authorize the Executive Director to negotiate and execute all agreements, all in forms acceptable to the General Counsel, with the Grantee for the provision of grant funds to assist with the development of the Project in the amount of $1,300,000.00; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written findings pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the requirements for competitive sealed bidding methods as not being practicable or advantageous to the CRA are waived. Section 3. The Executive Director is authorized to negotiate and execute an agreement and supporting documents to provide funding, all in forms acceptable to the General Counsel, with the Grantee to assist with a portion of the costs associated with the Project in the amount of $1,300,000.00 in the form of a forgivable loan with a term of 30 years with two 10-year extensions, subject to a covenant being recorded on the Property restricting the residential rents and subject to the availability of funds. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 10941 (Revision:) Printed On: 1011912021 Packet Pg. 254 0 Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and Members of the CRA Board FROM: Jason Walker Jason Walker Executive Director DATE: October 20, 2021 SUBJECT: 4/5ths Bid Waiver to Waive Executive Director Competitive Negotiation Procedures per City Code, authorizing the allocation of Grant funds to Caprock 123, LLC for a mixed -use development project located within the Omni. BACKGROUND: The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). Caprock 123, LLC ("Developer") submitted a grant proposal request to the CRA requesting the amount of $1,300,000.00 in grant assistance to underwrite a portion of the costs to develop a mixed -use, affordable project within the Omni CRA. This proposal is a unique approach to development that will consist of ground floor commercial, office space, and 3 or more work -live units of 50% AMI housing, restricted for 30 years with two 10-year extensions, on a difficult small lot. The project is estimated to cost approximately $2.6 Million. Without the CRA's help this project would not be feasible. This will be the first new development on 14th Street in the Omni CRA portion of Overtown since the 1950s. This project also presents a unique approach and opportunity for a local government entity to collaborate on a below -market housing project. This is a way in which local government entities are able to enhance the neighborhood and add equity to fill the gap in financing to achieve housing affordability and clearance of blight in the area. RECOMMENDATION In light of the above -mentioned background information, the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the Plan and activate the area, the approval of a bid waiver is recommended. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ 0 E 0 L CD M a m rn 0 c a� E U a Packet Pg. 255 2.5.b Caprock 123, LLC Historic Overtown, Miami, Florida PROJECT PEACH 50% AMI WORK -LIVE RESIDENCES + NON-PROFIT OFFICES + LOCAL ENTREPRENEUR FOCUSED COMMERCIAL FRONTAGE Presentation to: OMNI Community Redevelopment Agency Caprock 123, LLC 123 NW 14 St, Miami, FL 33136 Contact: Laura Weinstein -Berman, AIA (aura@Iwassocinc.com I www.lwassocinc.com Packet Pg. 256 2.5.b TABLE OF CONTENTS SECTION 1 DEVELOPMENT CONCEPT 3 SECTION 2 FINANCIALS 9 SECTION 3 QUALIFICATIONS AND EXPERIENCE 17 SECTION 4 CURRENT DEVELOPMENTS & 27 COMPARABLE PROJECTS SECTION 5 ARCHITECTURE & OPERATIONS 31 SECTION 6 PRESS CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 2 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 257 SECTION 1 DEVELOPMENT CONCEPT CAPROCK 123, LLC The content oft his presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH .i 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 50%AMI Residences 3 ,tssa, Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overto Packet Pg. 258 2.5.b CANCEPT PROJECT PEACH will incorporate and complement the historic Overtown neighborhood and the 14th Street mixed -use commercial corridor in the pursuit of a high -quality infill development which brings vitality back to the streetscape. The mixed -use development will provide opportunities for local entrepreneurs, micro -businesses, and non -profits to have a central address which serves the Overtown residents as a "Village Center." Access to financial, health, and community programming will be prioritized. The upper work -live residences will target 50% AMI residents with restrictive covenants totaling 50 years of affordability and high -quality investment within one of Miami's most centrally - located neighborhoods, near to major employment centers, transit, and services. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 4 -- Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overt0 Packet Pg. 259 2.5.b LEGACY OF ENTREPRENEURSHIP IN OVERTOWN The name "PROJECT PEACH" is a reference to the once prominent, locally - owned and operated Cola -Nip Bottling Company. Though the physical structure was demolished, the entrepreneurial spirit inherent to the once -segregated Overtown neighborhood lives on in Project Peach. Cola -Nip bottled two popular flavors, "Peach Whip" and "Orange Smile" The name "Project Peach" pays homage to the legacy of community and a "Village" gathering space in the approximately four-story mixed -use new development at 123 NW 14 St. To The Independent BofUers UNITED STATES W_ W __. sro. r — Tarn r. a. SM COLA SIRUP m R. No O M1PS THE TNIRS MAMUrrrrrR.r df N N.s m .N e.N«aOWRM R W 6 rbs 9 1. .N.' T_ W 6. `COME RACK' Rr b.Ny N.. EVERY GALLON GUARANTEED u AR...rs. N.n.r rvo.bJ rr... COLA AIY Rxaq RIdR• ue YW.Ne Awu. f« P.s � r..hw �nlunuen aNr � Imi T t: � Images: (Left) Former J&S Building where the Cola -Nip Bottling Company was located in Overtown; (Center) Advertisement targeting independent bottlers, c.1950s; (Right) Bottling process PROJECT STRENGTHS • COMMUNITY INVESTMENT: As a development team, we have the ability to execute the project through our architecture, engineering, planning, municipal, and financing networks. • SUSTAINABILITY AND RESILIENCY: Our deep commitment to sustainability will include LEED standards, passive building technologies, and low -impact construction practices. A primary focus of the project will be promoting the social resiliency of Historic Overtown with the retention of targeted 50% AMI residences, non-profit office space, and cost-efficient commercial space for local entrepreneurs and micro -businesses. • CONTEXTUAL DESIGN: Our award -winning and world -class design team focuses on developing a fully -integrated project with the expressed design objectives in the City's Comprehensive Plan and the OMNI CRA Vision Plan. The project will honor the historical legacy of Overtown, while ensuring the future adaptability of the site and the NW 14 St commercial corridor. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 5 Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 260 2.5.b PROJECTED TIMELINE • Site control 09/10/2021 (completed) • Florida Community Loan Fund Term Sheet 10/08/2021 (completed) • CRA Board approval 10/22/2021 Predevelopment commence 10/25/2021 • Permitting commence Q1 2022 • Construction commence Q4 2022 • Construction completion Q2 2024 ACQUISITION SUMMARY • Site control completed 09/10/2021 • Approx 3,660 SF of vacant land along NW 14 St commercial corridor • Address: 123 NW 14 ST, Miami, FL 33136 DEVELOPMENT SUMMARY • Approx 10,800 GSF building in four-story structure; high -quality construction, LEED-certified with passive building technologies • Three work -live residences (approx 850 SF each) targeted under 50% AMI rental rates • Residences feature open floor plans, cross -ventilation to natural breezes and sunlight, private balconies, stainless steel appliances, washer and dryer in every unit, broadband internet access, dedicated workspace, high -quality finishes, parking space included • Ground floor commercial-- approx 600 RSF; potential Catalyst incubator space or cafe/computer/community hub; intended for local entrepreneurs and micro -businesses; ability of parking area to be adapted to future retail/commercial use once transit feasible • Second floor offices-- approx 2,000 RSF, large conference/meeting room, two private office/meeting spaces; pop-up work station with full views along NW 14 Street; includes kitchen, storage, bathroom with shower; Catalyst Miami to utilize • Fourth floor rooftop oasis-- approx 900 RSF; includes kitchen, storage, shaded areas for community and private events CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 6 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 261 2.5.b LOCAL DEVELOPMENT IMPACT AND COST -BENEFIT The mixed -use 50% AMI work -live residences development at PROJECT PEACH will deliver an economic impact far beyond commercial development. Together with the intangible impacts of positive investment on a currenity vacant infill lot, numerous economic and social cost -benefits will be enjoyed by the wider Overtown community. With the commitment of the OMNI CRA, Knight Foundation, and FCLF support, a sense of place, high -quality affordable residences, an activated and walkable commercial corridor, increased property values, and community pride will be solidified. 36+ 45 $120k Resident, Commerical, and Local Construction Jobs Total Municipal Impact Office People Impact O $2.6M $1.08M $3.2M Total Development Impact Projected Rental Savings Total Development Value (30 years from Market to 50% AMI) ECONOMIC BENEFI • PUBLIC BENEFITS The Developer intends to ensure all three residences are under 50% AMI for the 30-year convenant, with a potential two 10-year 50% AMI residences extensions.. The investment from the OMNI CRA of approx $1.3M ($765k for the residences) will result in an approx $1.08M savings to residents as compared to market rate rents over a 30-year timeline, resulting in a net benefit of approx $315k or a 41% ROL Permit, Impact, Utility Given our experience with commercial development, we anticipate approximately $120,000+ in fees for the City of Miami Connection Fees, Etc. and Miami -Dade County during the construction of this project. We have a commitment to hire locally and utilize local materials Local Employment wherever possible. Utilizing the National Association of Home Builders model for economic impact on residential development, the project will generate 45 local construction jobs. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 7 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 262 2.5.b LEVERAGING KNIGHT FOUNDATION FUNDING The Junior loan is being funded through the Florida Community Loan Fund's Overtown Affordable Housing Demonstration Pilot Inititative. OMNI CRA COMMITMENT SUMMARY • Total Investment: $1.3M • $765k for three target 50% AMI work -live residences • 30-year covenant, plus two 10-year extensions • Projected return of approx $1.08M on investment in saved rental over 30-year period as compared to projected market rents • $535k for commercial investment to support local entrepreneurs and/ or incubator space at ground level and second floor non-profit offices • Leverages projected $1M Knight Foundation / FCLF Affordable Housing Demonstration Pilot Initiative OMNI CRA DRAW SCHEDULE Total Investment: $1.3M Four tranches of $325k each, based on successful milestones: • Tranche #1: Schematic Design, Design Development, and Construction Document phases, released upon signing Developer agreement • Tranche #2: Permit and Bidding phases, released upon permit submittal to the City of Miami and Miami -Dade County • Tranche #3: Construction phase, released upon permit approval • Tranche #4: 50% Construction complete, released upon threshold inspection approval • Note: 10% retainage held until Certificate of Occupancy and Project Closeout is successful CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 8 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 263 SECTION 2 FINANCIALS CAPROCK 123, LLC The content oft his presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH .i 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 50%AMI Residences 9 ,tssa, Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overto Packet Pg. 264 2.5.b Informational Purposes Only. This confidential presentation has been prepared by CAPROCK 123, LLC, a Florida limited liability company and may be used for informational purposes only. The Company undertakes no obligation to update the information contained herein. Neither the Company nor any investment managed or sponsored by the Company or its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein. Certain information contained herein has been obtained from published and non -published sources prepared by other parties, which in certain cases have not been updated through the date hereof. While such information is believed to be reliable for the purpose used in this presentation, the Company does not assume any responsibility for the accuracy or completeness of such information and such information has not been independently verified by the Company. Nothing in this presentation constitutes the provision of any tax, accounting, financial, investment, regulatory, legal or other advice by the Company or its advisors. This presentation may not be referenced, quoted or linked by website, in whole or in part, except as agreed to in writing by the Company. Forward Looking Statements and Projections. Certain information contained herein constitutes "forward -looking statements," which can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue," "target" or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward - looking statements (including without limitation, any statements regarding project, permitting and construction timelines). As a result, investors should not rely on such forward -looking statements. No representation or warranty is made as to future performance or such forward -looking statements. The projections have been prepared and are set out for illustrative purposes only, and do not constitute a forecast. They have been prepared based on the Company's current view in relation to future events and financial performance of the investments and various estimations and assumptions made by the Company, including estimations and assumptions about events that have not occurred, any of which may prove to be incorrect. Actual results may vary significantly. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 10 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic overt0 Packet Pg. 265 K N n w D Z A O W A n ca N N u5 o on — n 3 � O rC 3 O m � O � Q � `°a o o T 0 �v X = Q O 0 n' m O D, m o v o O m ID 0 o m m n n CQ � N � c, o� DEVELOPMENT -SOURCES AND USES DE ELOPMENT Sources Uses Senior Loan 1 11 400 Total Uses Junior Loan / Knight Foundation • /' 111 111 157,340 1,300,000 3. Tenant Improvements 10% I 1. Conihuckon costs 170,578 2. Architecture & Engineering I• ■ 3. Tenant Improvements • . Land 1'. 1 Construction Financing Assumptions 7. Other 10.9% ■4.Soft Costs 279,717Construction Loan Term 21 V.nth, Dcvel opment Cost before Carry 96.6% 2,480,020 ■5. FF&E & Leasing Fixed Interest Rate Annual 4.50% Operating Shortfall 0.0% 0 % of Lease -Up Inc. to Use 1 6. Land • :1 TotalUs- 11 0% 11 ].Other CONST. LOAN MACRO ^operanng snortau ■Construction Interest and Fees 400,000 360,000 zs0,0oo zoo,aoo lso,aoo 100,000 0 Month Month Month Month 1 2 3 4 — Month Month fi Sources - _ Month Month Month 6 7 8 9 ■Equity Draws by Month — Month Month Month Manih Month Month Month Month SD 11 12 13 14 IS lfi 17 Luan Draws ■Carry Reserve Month Month Month 18 19 20 Uses by Month 400,1p0 360,000 �_, 300,1p0 � _ 260,000 -- 200,000 lsD,DOD tDD,Doa sa,DDD _ D Month 1. Construction Carts ■2. Nchltxture&Englneering ■3. Tenantlmprovements 21 ■4. Sok Casts ■ fi. FF&E & Leasing ^ 6. Land �7. Other '*Ope2tlng 6M1OMalI ■Construction Interest/Fees Confidential 1 Attachment: 10941 Caprock123 Proposal (10941 : CAPROCK 123, LLC Grant) K N n W D Z A O W A n W !nN u5 W m n 3 s g o M 3 m � `°a o o T C � v K X = Q u O 0 n' m O to 0 o O m � ID 1 o m rn n n fQ � N N o•, 4 DEVELOPMENT r BUDGET Analysis Start Date S-Curve Rate Budget Item 1-Jan-22 Moderately Steep (7) /SF Amount Forecast Method Start Month Add Line Item to: 1. Construction Costs Length (Months) S-Curve Rate End Month 1 Month Ending Month 1. Construction Costs 1,573,400 1 14 14 OK Residential 300 765,000 S-Curve 1 14 Moderately Steep (7) 14 OK Commercial 200 728,400 S-Curve 1 8 Moderately Steep (7) 8 OK Parking 25 70,000 S-Curve 1 6 Moderately Steep (7) 6 OK Landscaping 10,000 S-Curve 12 2 Moderately Steep (7) 13 OK Item - S-Curve 12 2 Moderately Steep (7) 13 OK 2. Architecture & Engineering 157,340 1 4 4 OK Architecture & Engineering 157,340 S-Curve 1 4 Moderately Steep (7) 4 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK 3. Tenant Improvements - 1 6 6 OK Commercial S-Curve 1 6 Moderately Steep (7) 6 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK 4. Soft Costs 170,578 1 14 14 OK Insurance & Bonds 47,202 S-Curve 1 14 Moderately Steep (7) 14 OK Permits 62,936 S-Curve 1 6 Moderately Steep (7) 6 OK Legal & Accounting 7,867 S-Curve 1 14 Moderately Steep (7) 14 OK Advertising & Marketing 1,573 S-Curve 1 14 Moderately Steep (7) 14 OK Impact Fees 51,000 S-Curve 1 14 Moderately Steep (7) 14 OK 5. FF&E & Leasing 15,734 1 14 14 OK FF&E 15,734 S-Curve 1 14 Moderately Steep (7) 14 OK Item - - S-Curve 1 14 Moderately Steep (7) 14 OK Item - S-Curve 1 14 Moderately Steep (7) 14 OK Item - S-Curve 1 14 Moderately Steep (7) 14 OK Item - S-Curve 1 14 Moderately Steep (7) 14 OK 6. Land 283,250 1 14 14 OK Land Purchase 265,000 5-Curve 1 1 Moderately Steep (7) 1 OK RE Taxes 10,600 5-Curve 1 14 Moderately Steep (7) 14 OK Title & Doc Stamps 1,325 S-Curve 1 1 Moderately Steep (7) 1 OK Legal 1,325 S-Curve 1 3 Moderately Steep (7) 3 OK DID & 3rd Party 5,000 S-Curve 1 3 Moderately Steep (7) 3 OK 7. Other 279,717 1 14 14 OK Developer Fee 4% 88,012 S-Curve 1 14 Moderately Steep (7) 14 OK Contingency 10% 191,705 S-Curve 1 14 Moderately Steep (7) 14 OK Item - S-Curve 1 1 Moderately Steep (7) 1 OK Item S-Curve 1 14 Moderately Steep (7) 14 OK Item - S-Curve 1 14 Moderately Steep (7) 14 OK Total before Operating Shortfall 2,480,0Z0 1 14 14 OK Operating Shortfall - OK Total before Financing Costs 2,480,020 OK Construction Interest 34,280 OK Lender Fees 24,800 Straight -Line 1 1 1 OK Loan Closing Fees 12,400 Straight -Line 1 1 1 OK Misc. Financing Costs 15.000 Straight -Line 1 1 1 OK Total with Construction Interest 2,566,500 OK Cumulative Spent 2,566,500 OK Construction Length 20 months Attachment: 10941 Caprock123 Proposal (10941 : CAPROCK 123, LLC Grant) K N n W D Z A O W A n W N N W .T W LT - n 3 s O rc 3 � � 3 7 � o_ 0- 6 T 0 K C a Nre re n W OPERATING ANNUAL OPERATING STATEMENT Apartment Trended Total Units: 3 Rear YE Actuo/ YEActual YEActual Year3 Stabilized Year Year Year Year Year Year Year Year8 Year Year 10 Residual cndma Arrelysis CAGR Year = 3 Dec-2022 Dec-2023 Dec-2024 Dec-2025 Dec-2026 Dec-2027 Dec-2028 Dec-2029 Dec-2030 Dec-2031 Year= 11 vhV,,oI0-,pancy conomic a� an tr- tor, o 100% t0 au 33, v L- 10c, tea, twu t00,c ir" trove o ler, 1a Rental Revenue / VN CAGR /SF Gross Potential Rent - - - 1,024 2.0% 1.20 36,856 - 12,211 11,111 11,111 31,111 11,112 11,114 11,112 41,101 42,331 11,111 -Concessions - - - 3 0.00 113 - 3,B11 - - - - - - - - - Downtime Vacancy/Loss-to-Market 1 0.00 43 43 129 131 134 137 139 142 145 148 Total Rental Revenue $0 $0 $0 1,019 2.0% 1.20 36,700 - 9,153 36,813 37,465 39,214 38,979 39,758 40,553 41,364 42,191 43,035 Other Income Lu,., M- CAGR % Fixed Utility Relmhursement(RUBS) - - - 40 2.0% 0% 1,440 - 482 1,471 1,501 1,531 1,561 1,593 1,624 1,6S7 1,690 1,724 Parking Income - - - 0 3.0% 0% - - - - - - - - - Cormn-1al income - - - 2,500 2.0% 0% 90,000 - 30,150 91,953 93,792 95,668 97,581 99,533 101,524 103,554 105,625 107,738 Hotel Income 0 3.0% 0% Total Other Income $0 $0 $0 2,540 2.3% 91,440 - 30,632 93,424 95,293 97,199 99,143 101,125 103,148 105,211 107,315 109,451 Total Potential Gross Income $0 $0 $D Lund/mo 128,140 - 39,785 130,238 132,757 135,412 138,121 140,883 143,701 146,575 149,506 152,496 -General Vacancy - - - 107 3.0% °F Vecant 3844 - 1194 3907 3.983 4062 4144 4226 4,311 4397 4485 4575 Effective Gross Income $0 $0 $D 3,453 2.2% 4.06 124,296 - 38,592 126,331 128,775 131,350 133,977 136,657 139,390 142,178 145,021 147,921 Operating Expenses unit CAGR %Fixed Payroll - - 3fi7 2.0% 75% 1,101 - 369 1,125 1,147 1,170 1,194 1,218 1,242 1,117 1,191 1,318 Advert ising&Marketing - - fil 2:' 250% 184 - 61 187 191 195 199 203 207 211 215 220 General & Administrative - - 367 2.0% 75% 1,101 - 369 1,125 1,147 1,170 1,194 1,218 1,242 1,267 1,292 1,318 Utilities - - 3fi7 2.0% 5' 1,101 - 319 1,121 1,147 1,170 1,114 1,218 1,242 1,217 1,292 1,318 Repairs& Maintenance - - 245 2.0% 75% 734 - 246 750 765 780 796 812 828 845 861 879 Service Contracts - - - 367 2.0% 100% 1,101 - 369 1,125 1,147 1,170 1,194 1,218 1,242 1,267 1,292 1,318 Management Fee - - - 2,072 5.0% % of EGI 1,215 - 1,930 6,317 6,439 6,568 6,699 6,833 6,969 7,109 7,251 7,396 Make Ready - - - 77 2.0% 230 - 75 230 234 239 244 249 254 259 264 269 Taxes - - - 10,489 2.0% 100% 31,468 - 10,542 32,151 32,794 33,450 34,119 34,801 35,497 36,207 36,931 37,670 Insurance 3670 2.0% 100% 11,010 3,688 11,249 11,474 11703 11937 12176 12420 12668 12922 13180 Total Operating Expenses $0 $0 $0 18,081 2.3% 54,244 - 18,018 55,383 56,487 57,616 58,769 59,944 61,143 62,366 63,613 64,886 L .Net Operating Income $0 $0 $0 56.4% 2.2% 70,052 - 20,574 70,947 72,288 73,734 75,208 74712 78,247 79,812 81,408 83,036 Capital Expenditures Noi CAGR Other CapEx - - - 0.5% 2.0% 367 - 123 375 392 390 398 406 414 422 431 439 Capital Reserve 3.6% 2.0% 2,500 838 2,554 2,605 2,657 2,711 2,765 2,92 2,87 2.934 2,993 Total Capital Expenditures $0 $0 $0 4.1% 2,867 - 960 2,929 2,988 3,048 3,109 3,171 3,234 3,299 3,365 3,432 Total Expenses $0 $0 $0 57,111 - 18,978 58,312 59,475 60,664 61,877 63,115 64,377 65,665 66,978 68,318 EGI CAGR .Cash Flow from operations $0 $0 $0 54.1% 2.2% J 67,185 - 29,614 68,018 69,300 70,686 72,100 73,542 75,013 76,513 78,043 1 79,604 Confidential 10/4/21 Page 1 Attachment: 10941 Caprock123 Proposal (10941 : CAPROCK 123, LLC Grant) K N n W D Z A O W A n W N N U5 W on n 0 � 3 5 g o � 3 Q � o T 0 K c rY RISK, RETURN, AND VALUATION -ANNUAL Net Rentable Area (SF) 2,550 Year Stabilized Year Year Year Year Year Years Year Year Year Year Year 10 Reversion Year Ending growth Year = 7 Dec-2021 Dec-2022 Dec-2023 Dec-2024 Dec-2025 Dec-2026 Dec-2027 Dec-2028 Dec-2029 Dec-2030 Dec-2031 Year= 11 NOI Cap Rate 1,111,1 5.05`: 4.71% 4.80% 4.85% 4.90% 4.95% 5.00% 5.05% 5.10% 5.15% 5.20% 5.25% Gross Property Value 1,519,057 - 428,625 1,462,832 1,475,261 1,489,567 1,504,165 1,519,057 1,534,248 1,549,739 1,565,535 1,581,637 -Ground Lease Value - - - - - - - - - - - - Net Property Value 1,519,057 - 428,625 1,462,832 1,475,261 1,489,567 1,504,165 1,519,057 1,534,248 1,549,739 1,565,535 1,591,637 Net Operating Income 76,712 - 20,574 70,947 72,288 73,734 75,209 76,712 78,247 79,812 81,408 83,036 - Capital Expenditures (3,171) - (960) (2,929) (2,988) (3,048) (3,109) (3,171) (3,234) (3,299) (3,365) (3,432) 3 Cash Flow from Operations 73,542 - 19,614 68,018 69,300 70,686 72,100 73,542 75,013 76,513 78,043 79,604 -Ground Lease Payment - - - - - - - - - - N Total Investment Costs (w/o Const. Interest) - (2,467,971) (12,048) - - - - - - - - Gross Reversion Value - - - - - - - - - - 1,581,637 Selling Costs @ Reversion 2.0% (31,633) > Unlevered Cash Flow - (2,467,971) 7,565 68,018 69,300 70,686 72,100 73,542 75,013 76,513 1,628,048 z Unlevered IRR (Annual) -1,74% Unlevered EMx (Annual) 0.87H Free -and -Clear Return (CFO) Discount Rare 2.44% 0.00% 0.79% 2.76% 2.81% 2.86% 2.92% 2.98% 3.04% 3.10% 3.16% Present Value 7.5% N/A Cash Flow from Operations - 19,614 68,018 69,300 70,686 72,100 73,542 75,013 76,513 78,043 -Ground Lease Payment - - - - - - - - - - - Debt Service - (13,700) (54,801) (54,801) (54,801) (54,801) (54,801) (54,801) (54,801) (54,801) Cash Flow After Financing Year =7 Avg. Min. - 5,913 13,218 14,499 15,885 17,299 18,741 20,212 21,712 23,243 DSCR (CFO) 1.24X 1.34X 1.24X N/A 1.43X 1.24X 1.26X 1.29X 1.32X 1.34X 1.37X 1.40X 1.42X Debt Yield (CFO) 3.37% 5.29% 1.55% N/A 1.5% 5.4% 5.5% 5.6% 5.7% 5.8% 5.9% 6.0% 6.2% Total Investment Costs(w/Contt. Interest) - (2,530,697) (35,803) - - - - - - - - Gross Reversion Value Cost% - - - - - - - - - - 1,581,637 = Selling Costs @ Reversion 2.0% - - - - - - - - - - (31,633) U Construction Financing (Draws +Op. Shortfall & Int. Reserve) - 1,230,697 35,803 - - - - - - - - 0 � Construction Financing Payoff - - (769,463) - - - - - - - - wPermanent Financing Funding - - 1,266,500 - - - - - - - - PermanentFinancingFees - - (12,665) - - - - - - - - permanentFinancingPayoff - - - - - - - - - - (978,702) Levered Cash Flow - (1,300,000) 490,285 13,218 14,499 15,885 17,299 18,741 20,212 21,712 594,545 Levered IRR (Annual) -1.35% Levered EMx (Annual) 0.93X Cash -on -Cash Return (CFAF) ups.. —Rate 1.16% 0.00% 0.45% 1.02% 1.12% 1.22% 1.33% 1.44% 1.55% 1.67% 1.79% Present Value -1.4% N/A Confidential 10/4/21 Attachment: 10941 Caprock123 Proposal (10941 : CAPROCK 123, LLC Grant) Page 1 2.5.b F LO R I DA ■ r \SM COMMUNITY`M LOAN FUND October 4, 2021 Ms. Laura Weinstein -Berman Founder LW Associates, Inc. 123 NW 14" Street Miami, FL 33136 EXPERTISE AND CAPITAL TO HELP YOUR PROJECT SUCCEED. ■ Re: Letter of Interest ("LOI") — Construction/Term Loan (the "Loan") for the construction of a mixed -use project consisting of three rental units and commercial space located at 123 NW 14`s Street in Miami, Miami -Dade County, Florida (the "Project") Dear Ms. Weinstein -Berman Thank you for considering Florida Community Loan Fund ("FCLF") as a lender for the construction and operation of a mixed -use project to include 3 residential rental units as well as commercial office and community space located in the Overtown neighborhood of Miami, Florida. Receipt of a formal loan application would be subject to full underwriting of the Project, Borrower and Guarantors by FCLF and, if approved, would likely offer terms as outlined below: Borrower: An entity to be agreed to by the Lender whose ownership includes LW Associates, Inc.. Purpose: For the construction and operation of a mixed -use project located at 123 NW 14`h Sheet, in the Overtown neighborhood in Miami -Dade County. Funding: As required during construction based on an approved draw schedule SENIOR LOAN Loan Amount: Up to $266,500 or 85% of the as -completed, as -stabilized appraised value of the project. Interest Rate: 4.5% during construction and 5.5% upon conversion to a term loan. Collateral: First mortgage lien on each property superior to any and all liens and restrictions. JUNIOR LOAN Loan Amount: Up to $1,000,000 or such lesser amount should the senior loan be increased beyond the anticipated amount indicated above and in no case more than 110% of the above -referenced project value. Interest Rate: 1.0%. Main Office: 800 N. Magnolia Ave. Suite 106 ■ Orlando, FL 32803 407.246.0846 ■ f. 407.246.0856 ■--fetforg Orlando ■ Sacksonvilte ■ Sarasota ■ Tampa ■ Fort Lauderdale CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 15 assoc. Miami, FL 33136 O 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 270 2.5.b GENERAL TERMS Payments: Monthly payments of interest by the Borrower (which may be made through an interest reserve carved out of the senior loan). Fees: Application fee - S300 Loan origination fee — 0.5% of the total Loan Amount Customary closing and FCLF legal fees (if any) Loan Term: Up to twenty-four months for construction during which the loans will be interest only. Upon project stabilization, both loans may convert to term loans with a maturity of seven years. Prepayment: No prepayment penalties for early repayment Other Funding: if other funding is required, then evidence that such funding is available and sufficient to complete the project will be required. Other FCLF Funding FCLF periodically has access to other funding sources that may offer additional concessionary terms provided program restrictions are met. We would be happy to consider substituting a portion of the above -mentioned funding should any other sources be available at the time required by the Borrower. Documentation: All documentation regarding the project including any grant and loan documents shall be available for review and acceptance by the Loan Fund Third Party Reports: Required third party reports include an as -is appraisal and an environment assessment report. FCLF is a Community Development Financial Institution (CDFI) with a strong social conscience that shares the mission of borrowers working to improve conditions in both urban and rural low-income communities around the state. The Project will provide affordable rental housing. We appreciate the opportunity to provide this LOI for construction financing. Sincerely, James Walker Community Development Loan Officer (561) 414-3933 NOW Octobcr 10, 2021, Pagc 2 CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 16 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto packet Pg. 271 SECTION 3 QUALIFICATIONS AND EXPERIENCE CAPROCK 123, LLC The content oft his presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH .i 123NW14St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 5O%AMIResidences 17 ,tssa, Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overto Packet Pg. 272 DEVELOPMENT TEAM 2.5.b The Developer works as one cohesive team with an integrated approach on all developments. Each member of the PROJECT PEACH Development team identified in this proposal has the requisite experience to develop the project in an efficient, effective and creative manner. Our organization will work with the OMNI CRA, City of Miami, Miami -Dade County, and the Overtown community to make the project a long-lasting success with multigenerational impact. The Developer is a community -driven developer that offers more than 15+ years of experience in residential and commercial development, real estate investment and public -private partnerships. We bring a unique position to leverage our external architecture, engineering, finance, and community development teams for high -quality execution. This brings tremendous value to the historic communities we develop in. Our team is data -driven with a main focus on activated, mixed -use, and sustainable development. As a developer and real estate investor, we have extensive experience in securing conventional construction and permanent loans, public -private partnerships, and private equity funding. Design Architect Cure & Penabad Architect of Record Steven L. Cohen & Associates General Contractor KVC Constructors MEP Engineer RPJ Engineers Landscape Architect Wayne Tonning & Associates Sustainability/LEED E3 Building Sciences Civil Engineer Zephyr Engineering PROJECT PEACH DEV TEAM Developer CAPROCK 123, LLC Partner Laura Weinstein -Berman, AIA General Counsel Sara Barli Herald, ESQ. Accounting Francis J. Lamb, CPA Potential Non-Profi Catalyst Miami Lending Partner Florida Community Loan Fund Overtown Affordable Housing Pilot Junior Loan Knight Foundation CRA OMNI Community Redevelopment Agency Executive Director Gretchen Beesing WWI Overtown Liasion Nicole Crooks The Developer's dedicated in-house team will be the main point of contact. The Developer will Structural Engineer coordinate between qualified third -parties to successfully execute the development. The Developer Solver Engineering intends to comply with the requirements of the Miami21 Zoning Code, City's Comprehensive Plan and Sustainable Development initiatives. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH L 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences is Assoc. Miami, FL 33136 rU 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 273 2.5.b DEVELOPMENT TEAM OVERVIEW CAPROCK 123, LLC (SPECIAL PURPOSE ENTITY) Laura Weinstein -Berman, Owner 1 (305) 606-8948 1 laura@Iwassocinc.com I www.ainadev.com The real estate development firm specializes in activated, walkable community development with mixed -use and mixed - income projects at the forefront. The principal has 15+ years of real estate development, investment, architecture, and project management experience. The developer is a women- and minority -owned business. NAME, TITLE, ORGANIZATION CAPROCK 123, LLC 123 NW 14 St, Miami, FL 33136 SCOPEOF WORK Lead Developer Minority- and Woman -Owned Business Laura Weinstein -Berman - Partner Design, development, and construction processes Sara Barli Herald - General Counsel Managing legal and financial transactions attorney Frank Lamb - Accounting Lender communication and financial closings CATALYST MIAMI 3000 Biscayne Blvd STE 210 Miami, FL 33137 Potential Non-Proft Partner, 501(c)3 Women -Led Non -Profit Gretchen Beesing - Executive Director Executive representative Nicole Crooks - Manager Overtown Liasion & Development Leader CURE & PENABAD 6915 Red Rd STE 204, Coral Gables, FL 33143 Design Architect Minority- and Woman -Owned Business Carie Penabad - Co -Founder Chief Innovation Officer Adib Cure - Co -Founder Chief Design Officer STEVEN L. COHEN & ASSOCIATES 5295 Town Center Rd Suite 202 Boca Raton, FL 33486 Architect of Record Stevel L. Cohen, AIA - Founder Design Architect Seth Yeslow, AIA - Lead Architect Lead and Project Architect KVC CONSTRUCTORS 9499 Northeast 2nd Avenue, Suite 205 Miami Shores, FL 33138 General Contractor Woman -Owned Business Katherine Crespin - President Overseeing entire construction process Vick Crespin - Vice President Managing operation for the project construction Andres Del Toro - Project Executive Construction management project manager E3 BUILDING SCIENCES 24860 Burnt Pine Dr, Bonita Springs, FL 34134 Sustainability Consultant Tim Karras Sustainability consultant lead Diana Giraldo Sustainability consultant design principal WAYNE TONNING & ASSOCIATES 799 Jeffery Street, Boca Raton, FL 33487 Landscape Architect Wayne Tonning, RLA Landscape design lead SOLVER ENGINEERING 950 NW 22nd Ave, Miami, FL 33125 Structural Engineer Denis Solano, P.E., S.I. Structural engineer principal RPJ ENGINEERS 4977 SW 74th Ct, Miami, FL 33155 MEP Engineer Ralph Pena MEP engineer principal Adrian Pena MEP engineer principal CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH L 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 19 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 274 2.5.b L . / ASSCC, DEVELOPER Mrs. Weinstein -Berman is a licensed Architect and LEED AP BD+C with expertise and leadership for $300M+ of community -based real estate investment and development in South Florida. Her main focus is on sustainable mixed -use development, historic preservation and real estate investments. She is an advocate in civic engagement for historic preservation, affordable housing and resiliency solutions and serves on the City of Miami Beach Historic Preservation Board. Graduating with the Faculty Thesis Award from Columbia University in the City of New York, she earned a Master of Science in Historic Preservation with coursework in Real Estate Development and Finance at the Graduate School of Architecture, Planning, and Preservation, and received a Bachelor of Architecture from the University of Miami with a minor in Art History, with Honors. Based in Miami Beach, Florida, she is grateful to work on community development projects of historic, economic, and social significance at the local, state, and federal levels. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 20 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overt0 Packet Pg. 275 2.5.b CATALYST MIAMI NON-PROFIT COMMUNITY PARTNER Founded in 1996 by Daniella Levine Cava, Catalyst Miami's mission is to identify and collectively solve issues adversely affecting low -wealth communities throughout Miami -Dade County. Our vision is a just and equitable society in which all communities thrive. At Catalyst Miami, we believe the workings of our government and society's systems — from affordable housing and municipal budgets, to economic development and healthcare — should be shaped by all the people they are supposed to benefit. To that end, our work centers on increasing community control and ownership; creating both individual and collective paths to prosperity; increasing civic engagement; and enhancing the resilience of our environment and communities. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 21 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overt0 Packet Pg. 276 CATALYST M IAM I WEIRIE Q o 0MU investing in people and supporting transformative generating shared movements rooted in prosperity economic and racial justice intersectional, innovative, community -driven problem solving grassroots advocacy , and building people w power GRASSROOTS 0 00NNUHFV-[LCD LEADERSHIP ° oWOC�L° X We work in coalition to place communities at the �► center of public decision -making. We convene and _ connect our communities and partners to achieve meaningful, equitable change through: _ organizing building for offering civic policies free engageme investments grassroots & self - aligned with leadershi determinat community within priorities communit nt ion trainings e WEALTH •K: 000 [��i. UHJUV CEWHOO ��i JO BUILDIN DD COI��OC]C]� Our strategies for achieving economic justice center on building community power and economic inclusiveness. Our programs enhance financial well-being, promote racial equity, and increase community ownership. www.catalystmiami.org financial & health coaching on logo 1 "111 " 11 .............. . ...... A children's savings accoun / v 1 small business su u f y in @CatalystMiami 2.5.b CATALYST MIAMI HEALTH & WEALTH We help individuals, families, small businesses and organizations thrive through the following services and programs. Financial coaching and products for Building Prosperity Workforce Cohort: (0) building credit, managing debt, Receive professional skills training and budgeting, and saving connect with employment agencies A9Enrollment in public benefits, such as 96 Worker -Owned Enterprises Program: food stamps (SNAP) or Temporary _ N. Learn how to run and launch a business Assistance for Needy Families (TANF) owned by its workers Enrollment in Medicaid, KidCare (CHIP) • Small business support: Technical + finding low-cost clinics i assistance and help finding resources Tax services: Helping you file and 10 Future Bound Miami: Provides Children's understand your taxes while Savings Accounts for kindergarten students maximizing earned credits in Miami -Dade County Public Schools POLICY & ADVOCACY We offer leadership training programs for all and build high -impact coalitions to effect change. We participate in many networks and coalitions to advance community well-being. CLEAR (Community Leadership on the Environment, Advocacy & Resilience): Build advocacy skills to catalyze local climate action LIGHT (Leaders in Grassroots Health Transformation): Learn strategies for achieving health equity and quality healthcare for all j Catalyst to the Capital: Annual trip to "M Tallahassee in which community MM members meet with elected officials TOP ISSUES WE CARE ABOUT: HEAL (Housing, Equity, Advocacy & Leadership): Learn about our affordable housing crisis and how to be a part of the solutions Advocacy: With residents and partners, advocating for policies, systems and investments that reflect community priorities Community engagement: Working with neighborhoods to encourage civic participation and build community power Climate Justice • Economic Justice • Health Justice • Housing Justice • Racial Justice CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 23 Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overt0 Packet Pg. 278 2.5.b CURE & PENABAD DESIGN ARCHITECT Founded in 2001, CURE & PENABAD aspires to create an architecture of place. The practice seeks to find beauty in differences and is drawn to what makes an environment unique. Inspiration is found in both the vernacular and the academic; in the ancient and the contemporary; in the commonplace and the extraordinary. As such the architectural output of the firm is eclectic, molded by the particular circumstances of each setting and client. The portfolio of projects, both domestic and international, displays an intense commitment to the discipline of architecture, its material culture, and constructional conventions. The practice has won recognition, receiving numerous national awards, among them over ten American Institute of Architects design awards and a Silver Medal at the Miami Biennale. AnSTEVEN L. COHEN AND ASSOCIATES PA. 1Y ARCHITECTS AND INTERIOR DESIGNERS ARCHITECT OF RECORD Bringing a combined 60+ years' experience to the fields of architectural and interior design, our principal architects are ready to tackle projects of any size and scale. We work closely with clients to make sure ideas are brought to life on time, budget and schedule. Our staff consists of architects, planners, designers, construction managers, and support staff — each selected for the diversified experience, quality of education, talent and commitment to the profession. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 24 -- Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic OvertO Packet Pg. 279 2.5.b GENERAL CONTRACTOR Since inception, KVC Constructors, Inc. has been dedicated to delivering quality construction services with unsurpassed principal involvement. KVC Constructors provides a wide range of construction services including but not limited to general contracting, construction management, and design -build for a diverse variety of applications and clientele. The KVC portfolio includes recreational facilities, government buildings, luxury mid -rise residential condominiums, educational facilities and more. Katherine Crespin, President Katherine Crespin is the President of KVC Constructors, Inc. and offers 30 years of real-time building construction industry experience, with almost 20 years in principal leadership. Before co-founding KVC Constructors she earned a B.S. from the University of Florida's Rinker School of Building Construction, and worked in both subcontractor, and construction manager positions. Today, she leads our team of more than 25 construction professionals through ground breaking work. Vick Crespin, Vice President Vick Crespin is the Vice President, and co-founding member of KVC Constructors, Inc. Prior to KVCs inception he was VP of Operations and Chief Estimator at a major south Florida construction firm. With more than 35 years of building construction industry experience, Vick has overseen more than $600 MM of commercial construction over a vastly broad range of project types. His knowledge and experience in estimating, value engineering, procurement, and project management is a significant contributor to the success of projects at KVC Constructors, Inc. Andres Del Toro, Project Executive Andy Del Toro has been with KVC Constructors since 2002, and was promoted to Project Executive in 2018 after leading KVC staff through our largest new construction project to date Andy has built a strong portfolio via more than 21 years of construction industry experience and has contributed in all stages of construction management process throughout his career including but not limited to new project procurement, estimating and preconstruction, coordination and construction management, and completion and project close-out. Alex Felipe, Project Executive Alex Felipe has been with KVC Constructors since 2001. As Project Executive, Alex is responsible for estimating, new project bidding, new project procurement, and construction project management oversight. Prior tojoining KVC, Alex earned a Bachelor of Building Construction from the University of Florida, and gained critical industry experience via a major south Florida construction firm. Alex has a unique skill set that lends itself to a variety of contract formats including but not limited to CM at Risk, CM as Agent, Design -Build, and typical general contracting. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 25 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 280 2.5.b U ASSOC, 11. DESIGN PROFESSIONALS AND CONSULTANT TEAM E3 Building Sciences, Sustainability Consultant We provide developers, owners, building professionals, contractors and teams across the building industry with the tools and knowledge necessary to construct buildings that are efficient, comfortable, durable, and economical. Whether your project is small or large, residential or commercial, discover how the science of construction and getting the details right will optimize the performance of your project. For nearly two decades we have serviced a variety of clients across the Southeast United States primarily focusing on the State of Florida. Wayne Tonning & Associates, Landscape Architect Wayne K Tonning, RLA graduated from Kansas State University with a Bachelor of Landscape Architecture. While at Kansas State Wayne assisted the Campus Landscape Architect with specification writing, site planning, landscape construction documentation and proposals as well as surveying and rendering. Tonning and Associates, Inc. opened in January of 2004, specializing in landscape architecture, land planning and urban design. Solver Engineering, Structural Engineer SolVer Structural was founded in 2001 with the purpose of providing high quality professional engineering services in the structural engineering field including design, inspections, supervision, forensic engineering, feasibility studies, evaluation and re -certification of existing structures among others. To fulfill this commitment SolVer Structural has a highly experience and qualified staff with a theoretical background that allows Solver to offer a wide variety of services from residential, commercial, institutional, industrial, and marine structures among others. RPJ Engineers, MEP Engineer We are a full service Mechanical, Electrical, Plumbing and Fire Protection design firm. Our company has been serving our clients for over 30 years. Our portfolio of work is vast and includes experience across many sectors. We strive for excellence in engineering and are proud to be serving return clients for over three decades. Our office is a well established fully licensed Miami based consulting engineering firm that has provided services to the community for over 35 years. Zephyr Engineering, Civil Engineer Zephyr Engineering in South Florida provides a comprehensive range of professional engineering services to both the private and public sectors. Zephyr Engineering is recognized for its ability to approach projects in the Miami -Dade, Broward and Palm Beach County area with continuity in design, reflective of a positive economic and community impact. Timothy Haas & Associates, Parking Consultant THA Consulting, Inc. is a multi -disciplined engineering and architectural design firm, providing planning and design services to create parking and mixed -use facilities. We specialize in developing unique designs and utilizing effective parking strategies to create attractive, vibrant, and sustainable communities and developments. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 26 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 281 SECTION 4 CURRENT DEVELOPMENTS & COMPARABLE PROJECTS CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 50% AMI Residences 27 -- Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overt0 Packet Pg. 282 2.5.b DEVELOPMENT TEAM EXPERIENCE The developer has completed $300M+ of value in new development, adaptive reuse, and historic preservation projects, with 200+ multfamily units and approx 50k SF of mixed -use and commercial development in the near -term pipeline. 16 Corner Public -Private The Omni CRA Board unanimously approved a public -private partnership to renovate forty-four units over five garden -style apartment buildings in the Historic Overtown neighborhood. Miami -Dade County Infill Lots Miami -Dade Commissioner Audrey Edmonson granted five non - confirming infill lot parcels to be developed as affordable rental housing. Each parcel was developed to provide quality housing for eight to twelve residents per parcel. Biscayne Blvd Historic Q Housed in a former 50's motor hotel, Selina Gold Dust is a retro voyage back in time to the city's buzzing, colorful past. Close to Miami Beach and Downtown the property is surrounded by extravagant architecture, trendy cafes, and art galleries. Miami Hope House The development is designed around sustainable development principles with a focus on affordability, empowering human health 1 �xy and equality. The 20-unit building with ground floor commercial n`>+D space and a community space rooftop. The development Y p p• p y provides senior and affordable housing for households earning between 50% and 80% AMI. Graham -Ross Tower Mixed -Use and Mixed -Income project in one of Miami's most historic neighborhoods. The property will be 140+ high -quality units with ground floor restaurants, retail, and Civil Rights Museum to honor the work of the Mt. Zion Baptist Church for long-lasting success with multigenerational impact. Allapattah Workforce LEED-Platinum infill housing projects developed in the Miami Health District for attainable lifestyle rentals. Micromobility and high -quality construction provide safe and healthy homes for young profesionals, nearby workforce, and existing community. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 28 Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 283 2.5.b Midtown Office Midtown Miami is a neighborhood in the midst of a profound transformation. Within this setting, the office tower represents a milestone for Midtown's commercial real estate market. The development is an urban campus. Class A Industrial Developed on 8.4-acres, Class A industrial in the Hialeah Gardens submarket is the first of a collection of transportation and e-commerce hubs. Focus on sustainable alternative energy investments. Miami Infill within Historic Neighborhood Attainable Mixed -Income development within the historic Little Havana neighborhood. Providing ten high -quality residences with ground floor parking, premium amenities in - unit, and contextual design to honor the architectural legacy of the historic neighborhood. Commercial Industrial Redevelopment Adaptive reuse of commercial warehouse to house local entrepreneurs and small businesses. The project successfully ,*completed fully upgraded fire/life safety, building, and ADA requirements to satisfy current building codes and updated hurricane requirements. Historic Renovation Full gut renovations of scattered sites to improve the health, safety, and accessibility of existing residences. Through the Miami -Dade County Surtax program, funding was successful to create an improved home for existing residents. Commercial Marine Facilities Ongoing operations and maintenance of approximately thirty acres of commercial marine facilities. Improvements to the property over time and potential redevelopment plans are ongoing. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 29 Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic overto Packet Pg. 284 K N n W D Z A :E O W A n W N N W .T W n 3 5 s� so Q= `°a o aT �v X _(D N. Q o w n' m O U, m o o O m ID 0 o m m n n CQ W N � 00 cn REAL ESTATE TRACKER - LAURA WEINSTEIN-BERMAN Project Peach Miami Hope House Little Havana Infill Palm Beach Yacht Center Murrelle Marine 401 Brevard Gold Dust Motel TOTAL 123 NW 14 St, Miami, FL 33136 Mixed -Use 50% AMI Residences 745 NW 62 St, Miami, FL 33150 Ladies of Hope Ministries "Hope House" 1037 NW 2 St, Miami, FL 33128 Attainable Mixed -Income Infill 7848 S Dixie Hwy, Hypoluxo, Marine / Commercial FL 33462 846 N Dixie Hwy, Hypoluxo, FL 33462 401 Brevard Ave, Cocoa, FL 32922 7700 Biscayne Blvd, Miami, FL 33138 Marine / Commercial Historic Preservation / Commercial Historic Preservation / Hospitality 3,660.00 10,800.00 5,800.00 18,545.00 7,000.00 8,560.00 528,876.00 35,770.00 212,746.00 29,258.00 7,405.00 10,667.00 33,493.00 23,497.00 980.00 137,097.00 Mixed -Income, Mixed -Use Mixed -use 140-unit senior affordable housing new development with non- Miami, FL Community Development with profit local development partners and community church in Overtown Church Sustainable Workforce Housing 54-unit scattered sites workforce housing developments in Allapattah Miami, FL Mixed -Income Senior Housing 42-unit mixed -income senior housing in Opportunity Zone Miami, FL Mixed -Use Creative Class A 150-unit mixed -use and mixed -income development in Miami Health Miami, FL District Class A Industrial 8.4 Acre Class A Industrial development Hialeah Gardens, FL Class A Office Building 10k SF Class A Office building, new development with sustainable design Hypoluxo, FL Warehouse Redevelopment 2.3 acre existing warehouse redevelopment Lantana, FL Attachment: 10941 Caprock123 Proposal (10941 : CAPROCK 123, LLC Grant) N tJi a SECTION 5 ARCHITECTURE & OPERATIONS CAPROCK 123, LLC The content oft his presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH .i 123NW14St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 5O%AMIResidences 31 ,tssa, Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overto Packet Pg. 286 2.5.b 4i ATM NW 14th. 1 m r � y ++ Im a Tv of �v N ❑ e r Gapittameenntai rce ri I r }W 13th St a1�3ti1'St 1 y Vet 1 ¢ a e i t e bib C U J J M N T Y U O W a a U rn 0 �a 0 Q. 0 L a M N Tmm V 0 Q. U w 0 c a� t M a CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 32 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 287 2.5.b 61.00 R uP 000 IV /I I 1 I I 000 EEI V/ o00� 1 I I III/ A I I 1 I o0 I/ �I i u 77 15.e0 H 24.00 fl 15.60 re Ground Floor i®Moo®mommommom MEN lonmen�...s............ ®. ......lmmoom.ME MEN MEN c (D U J J M N T Y U O W a a U T rn 0 T �a 0 Q. 0 L a M N T Y V O i Q. U Gn 0 T J c d E t u a CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 33 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 288 2.5.b UP " DLl LINL e JEl El i i i ❑ - - - - --- - - El DN El LJ� 00 00 UP k 0 Third Floor Fourth Floor V U J J M N T Y U O W a a U T rn 0 T �a 0 0M 0 L a M N T Y V O i Q. U T w 0 T c a� E t �a a CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 34 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 289 2.5.b Lit 7 1, 'I Diagrams CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 35 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto packet pg. 290 2.5.b \AWL I' i I Win WIN. �nIIII�InI'-� 1,�i,allll�lf� 'la b EXIS71NG STREET SECTION PROPOSED STREET SECTION CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 36 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto packet pg. 291 2.5.b 9� R !! 44. i� 77 ss.3TiT f ! EXISTING SITE CONDITIONS Vacant Lot with no existing landscaping; Bike lane at South Top: South View, looking North Center: Southeast View, looking West Bottom: Southwest View, looking East c U J J M N T Y U O W a a U T rn 0 T �a 0 Q. 0 a M N T Y 0 U T w 0 T c a� E t �a a CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 37 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 292 2.5.b CATALYST LTA l 1_1►Ti l l Catalyst Miami Project Peach Operations Catalyst Miami envisions Project Peach as a safe, entrepreneur -focused workspace for Overtown residents to improve their states of financial, health, and social well-being, both individually and for the neighborhood as a whole. Project Peach will function as a "Village Center" tailored to and grounded in the local community, who would use the second floor office spaces for conferences, meetings, retreats, leadership development workshops, private counseling and social services, and intergenerational activities that address economic development and self -empowerment. Catalyst Miami will also collaborate on the ground floor commercial frontage to support local entrepreneurs and micro -businesses. Inspired by Harlem Children's Zone, Project Peach will fill a current gap, providing a collaborative space in which our partners may adapt and implement innovative and effective programs for Overtown residents, entrepreneurs, and businesses. Catalyst Miami intends to provide critical financial services to the Overtown community within the Project Peach space. Ruth Israel is a 44-year-old Haitian woman currently living in Overtown. She began financial coaching with Catalyst Miami in January 2021. Her goals included credit repair, accumulating savings, and buying a laptop for better work opportunities. On a fixed (SSDI) income, accomplishing these goals was challenging. For instance, she was not eligible for ABLE accounts because the onset of her disability was after the age of 26. However, with hope and collaboration, she pushed forward. Alyssa Delgado, her financial coach at Catalyst Miami, connected her with resources such as the PASS (Plan to Achieve Self - Support) Program through Social Security, which allows beneficiaries to save thousands of dollars as long as it is work -related. Ruth was connected to Catalyst Miami's Building Prosperity Workforce Cohort, run by Shannon Charles, where she participates virtually in training that helps her explore employment opportunities and entrepreneurial endeavors. Ruth was also helped by Malcolm Cardona -Spence, Catalyst's small business support manager, who helped her create a business plan for her services as a Notary Public. In 22 one-on-one coaching sessions throughout 2021, Ms. Israel has increased her credit score by 20 points, increased her overall credit limit by over 12x, and she purchased a laptop. She reports an increase in self-confidence due to high -touch coaching. Additionally, she adjusted her budget to include a monthly fitness program to improve her overall health and has lost 44 pounds! She is expected to continue thriving to eventually become self-employed and not have to depend on federal assistance (SSDI, SNAP, and Section 8 housing). Ruth remains an engaged participant in the Building Prosperity Workforce Cohort, and continues to thoroughly and diligently work on her small business plan through our Small Business Support services. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. � Mixed -Use 50% AMI Residences 38 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 293 SECTION 6 PRESS CAPROCK 123, LLC The content oft his presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH .i 123NW14St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 5O%AMIResidences 39 ,tssa, Miami, FL 33136 O 2021 CAPROCK 123, LLC. All rights reserved. Historic Overto Packet Pg. 294 "MIAMI CRA COULD SELL SITE TO AFFORDABLE HOUSING DEVELOPER," SOUTH FLORIDA BUSINESS JOURNAL, J U LY 20, 2021 City -owned property in Miami's Overtown could be sold to an affordable housing developer, in partnership with a neighboring church. The Southeast Overtown Park West Community Redevelopment Agency on July 22 will consider accepting the bid from Mt. Zion Development Associates for the property. The company was the sole bidder following the CRA's June 15 request for proposals for the 7,500-square-foot vacant site at 318 N.W. loth St. If Mt. Zion Development is selected, CRA officials would begin negotiations to finalize the contract, including the financial terms. The preliminary site plan shows Mt. Zion Development Associates would combine the CRA-owned land with neighboring vacant lots of 5,000 and 6,246 square feet owned by the Historic Mount Zion Missionary Baptist Church, along with a 10,000-square-foot site at 950 N.W. Third Ave. that's currently owned by Shirlene Ingraham and JEJ Properties. The latter property has a retail building that's currently home to Jackson Soul Food, one of the most well- known restaurants in Overtown, a historic African American community. The entire site is just north of the Historic Mount Zion Missionary Baptist Church, which is a historic landmark. Under the proposal, called Graham Ross Towers, the 11-story building would have 122 affordable apartments for the elderly and 5,000 square feet of retail. The developer would agree to dedicate 70% of the units for people making up to 60% of area median income, and the other 15% for people making up to 30% of area median income. There would be 12 studios, 96 one -bedroom units, and 14 two -bedroom units. The project was designed by Behar Font & Partners in Coral Gables. According to the application, the developer is seeking 9% low-income housing tax credits for the project from the Florida Housing Finance Corp. If it doesn't secure that funding within two years, the developer could cancel the deal with the CRA. Mt. Zion Development Associates is a partnership between Miami -based Mt. Zion Developments, led by CEO Larry D. Capp, Tampa -based Blue Sky Communities, Miami -based Aina Sustainable Housing Development, and the neighboring church. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 40 Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. HIstOYIC oV2Yt0 Packet Pg. 295 2.5.b T H E A R C H I T E C T U R A L L E A G U E N Y "THE BEAUTY OF THE ORDINARY ADIB CURE AND CARIE PENABAD REFLECT ON MIAMI'S RICH VERNACULAR DESIGN," ARCH LEAGUE NYC, MAY 26, 2021. CURE & PENABAD's forthcoming book Made in Miami / Hecho in Miami explores vernacular architecture and urbanism in the firm's hometown. The League's Sarah Wesseler spoke with founders Adib Cure and Carie Penabad. --EXCERPT-- We think there's a need to develop new housing prototypes for Miami. We are currently working with AINA Sustainable Housing Development to design new urban models that will allow you to contract into higher ground in the future and develop a city in the middle ground: a mid -rise city that could allow us to foster more sustainable neighborhoods for the future — more sustainable both architecturally and socially. In trying to rethink housing or other aspects of the built environment in Miami, do you find it easy to identify collaborators —developers, clients, etc. —who share your vision, or is it a struggle to convince people to try something new? And what about the regulatory side of things? Do building codes and the like allow for experimentation? Penabad: We have found common ground with individuals and corporations that seek a greater good beyond the immediacy of their own projects. Our recent work with AINA Sustainable Housing Development is investigating how we can make affordable housing —truly affordable —in the city. Why can't affordable housing be beautiful? What does that mean in Miami, and what kinds of regulations do we have to be able to push back on? We chose to develop these ideas at a smaller scale with a team that is willing to, quite frankly, go the extra mile. Whenever you want to question the norm, you really do have to put a lot more time and effort into thinking how you can push back against certain conditions that create what you're seeing around you. That involves more design time and more commitment, but we always think it's worth it, because if you can create one project that illustrates a different way of doing things, that can become a new model. It helps others see a different reality for a given place. Cure: One thing that is also happening is that some of the codes are changing —perhaps Conceptual sketch, figure ground of courtyard for housing in Liberty city. Credit CURE & PENABAD '1 CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 41 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 296 2.5.b an example of how Miami is growing and maturing. The City recently changed the code to allow for different densities, different building typologies, different modes of living and working. In some cases, developments don't require parking, or as much parking as before. So the City is trying to imagine a community that is much more connected to public transportation, less reliant on the car. In the end, we've been fortunate enough to work with clients that are interested in the shaping of the city, and we have worked closely with them to provide new places and spaces for Miami. We believe that being collaborative is an essential part of being an architect —it's this messy business of negotiating and working things out, and we're very comfortable with that. We believe it's actually fundamental to what we do: collaboration with clients, collaboration with the craftspeople that build the buildings, collaboration with engineers, collaboration with senior officials —trying to figure out intelligent ways of producing better work and building the city of the future. Full article online at: https://archleague.org/article/ the -beauty -of -the -ordinary/ CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH L 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use JO% AMI Residences 42 assoc. Miami, FL 33136 D 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 297 Ifliamiffleralb VIGLUCCI, ANDRES, "THESE FULLY REDONE APARTMENTS MAY HELP SOLVE MIAMI'S HOUSING CRISIS. THE RENT STAYS CHEAP," MIAMI HERALD, MAY 16, 2019. Here's one possible solution to Miami-Dade's mounting housing -affordability and gentrification crisis: Fix up the places where low-income people already live, and keep the rent down so no one's pushed out. That's the deceptively simple approach now being tested in Miami's Overtown by a city agency and a what they're calling 16 Corner. Rehab will start on the next building just as soon as Akharoh and the other tenants move out and into their new homes next door. Eventually, that will mean a total of 44 high -quality units of very affordable housing with virtually no displacement. It's a model the (CONTINUED) private developer best known for transforming 1950s U MiMo motels on Biscayne Boulevard into hip attractions. M So far, it seems to be working. This week, developer Avra Jain and the city's Omni Community Redevelopment Agency unveiled the first EL results of what might prove to be an innovative cost- ; Q sharing collaboration — a 1950s two-story apartment t._ U building, until recently a mold -infested blight, that has been totally rehabbed to high standards. c That's not even the most promising part. The building's tenants didn't have to move far during the seven -month gut renovation, just next door. Later this month, they get An exterior view of a newly renovated apartment building at the 16 Corner Project in Overtown. The to move back into their apartments, now sparkling new collaboration between developer A vra Jain and Miami's with hardwood kitchen cabinets and granite counters, Omni Community Redevelopment Agency is being touted as a new model for addressing Miami's housing copper plumbing and high -efficiency air conditioning. affordability crisis. And once they do, they will pay virtually the same low rents they were paying before the renovation for what was slum housing. That's $750 to $825 for a range of unit sizes that includes a three -bedroom, two -bath apartment. For 30 years, the rents will increase only marginally to keep up with inflation. "I like it. I love it," said a smiling Joseph Akharoh as he toured his gleaming new studio apartment for the first time on Wednesday. Akharoh, 31, moved into the building five years ago after graduating from college to save money for student -loan payments while he set up a small consulting business. The building is small, just eight apartments. But Jain and the CRA bought four other adjacent buildings for Resident Quantanae Byrd, 25, records a video of renovated apartment during the "Move -in Celebration" at the 16 Corner project in Overtown. CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH 123 NW 14 St It is not Intended to be distributed to any third party without the written consent of CAPROCK 123, LLC. Mixed -Use 50%AMI Residences 43 Miami, FL 33136 © 2021 CAPROCK 123, LLC. All rights reserved. Historic overt0 Packet Pg. 298 2.5.b developer and agency officials believe can be replicated across poor neighborhoods in the urban core. In most of those areas, they say, there is high demand for inexpensive but decent housing, and a large supply of badly deteriorated but solidly built apartments that are candidates for renovation. Often, when conditions get bad enough, those buildings are condemned and torn down. Result: occupants are left to fend for themselves in an unforgiving rental market, and the community fabric becomes further frayed. Meanwhile, most affordable housing projects built with federal subsidies are large and costly. By law, those can't favor those already living in the neighborhood. The newly rehabbed building was a tear -down candidate, too, noted Miami Commission Chairman Ken Russell. Saving it meant not only preserving the structure but also the neighborhood. "We have a crisis right now," Russell, who is also the Omni CRA chairman, said. "But it's not just about building new towers. It's about holding the bones of what we have now for the people who are here now." The formula requires marrying the skills and financing of an experienced private developer with public subsidies and the willingness to cut through the red tape of the CRA, which collects a percentage of property tax revenue from new development within the Omni district. With construction in the area booming, the formerly strapped agency now expects rising revenue that can be put to work rehabbing more housing. Jain's 16 Corner is the first affordable -housing project by the Omni CRA, though its neighbor to the south, the Overtown CRA, has helped finance dozens of units. What's unusual about the Omni CRA approach is its emphasis on preserving buildings and keeping people in place. The agency provided $1.8 million for purchase of the five buildings and $2 million more towards renovation costs, with Jain putting up the rest. The project's total cost, Jain, estimates, will be $6.5 million. Jain's Vagabond group, working with Mt. Zion Church's community redevelopment corporation, will manage and maintain the property. To help keep costs low, Jain did not take a developer's fee, though she does expect to make a small profit. The CRA subsidy is what makes it possible for her not to raise rents, Jain said. Otherwise, the $80,000 per unit purchase cost and the $60,000 per unit rehab cost would have required rents to roughly double, she said. Without the revenue, no bank would finance such a project, Jain said. "The numbers don't work. That's why they stay slums," Jain said. Another advantage in working with the CRA is that the agency can work quickly, is flexible enough to design its own policy, and is not bound by sometimes onerous administrative and paperwork requirements to qualify for federal tax credits or other subsidies. Those can make a project nearly impossible for a small or mid -size developer, she said — another obstacle to financing the kind of small-scale rehab projects she believes are needed. Jain completed a small, federally subsidized 24- unit project with Miami -Dade County in Little Haiti that involved renovating a historically designated courtyard -style motel, but said she won't do so again because of the time and money spent on administrative requirements. The Overtown project, by comparison, can be a `k U case study. CRA executive director Jason Walker, who recruited Jain, developed a blueprint that can be repeated. Future projects could move even more o quickly because legal and other kinks were worked out for 16 Corner, CRA administrators said. 0 Q. The lesson, Jain said, is that tackling the city's o affordable housing crisis can be relatively a straightforward, and the payoff significant. M N `4 U "Take these old buildings, don't knock them o down, don't displace people," Jain said. "It keeps M communities and the texture of the neighborhood U intact. It's important for Miami." w 0 Available online: https://www.miamiherald. E com/news/local/community/miami-dade/ t article230352704.html �a a CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH L 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 44 assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 299 2.5.b ���I/ III i Enterprise ENTERPRISE COMMUNITY PARTNERS, "TIPPING THE SCALE: PRESERVATION TOOLKIT FOR SMMF PROPERTIES," 2020. KEYS TO SUCCESS Pre-existing relationships - The partners were able to move quickly to acquire this high -density structure by establishing a relationship between the nancier and developer before a property was identified. Plus, the developer's existing relationship and responsiveness to local government helped build community support. Financing for quick acquisition - The Omni Community Redevelopment Agency (CRA)'s ability to issue Tax Increment Financing (TIF) provided the needed capital to overcome one of the most challenging aspects related to preserving unsubsidized affordable SMMF properties: acquisition. While access to TIF can be rare, quick capital for acquisition exists in a variety of forms from market to market (e.g., local housing trust funds, philanthropic funding, predevelopment loan funds). Reducing transaction costs - Increasing the amount and reducing the frequency of draws during construction reduced administrative burdens and helped keep the project on schedule. Maintaining rents and rotating construction to prevent displacement - The financing, including public subsidy, ensured partners could maintain existing rent levels. By nding a building that had a 20 percent vacancy rate and rotating rehabilitation activities from unit to unit, project partners able to house all current residents during renovations. Continuity of property management - By retaining the services of the previous property manager, project partners gained a nuanced understanding of the property and additional buy -in from the residents. PROPERTY OVERVIEW 16 Corner is a 44-unit affordable and workforce rental apartment complex consisting of five buildings across three connected parcels in Miami's Historic Overtown neighborhood (see Figure 1). This project would not have been possible without a public -private partnership between The Vagabond Group, Omni CRA, and the Mt. Zion Community Development Corporation (CDC). These historic properties from the 1950s underwent a complete rehabilitation and bene tted from TIF from the Omni CRA—the first use of TIF for affordable housing in the district. PROPERTY IDENTIFICATION The Omni CRA boundary stretches across Historic Overtown, which is bordered by a strong real estate market on one side and a weaker market on the other. Real estate speculation had intensi ed in the area as a result of these market conditions and the neighborhood's proximity to activity centers, major transportation systems, and anchor institutions like the Adrienne Arsht Center for the Performing Arts. In the face of that speculation, staff at the Omni CRA were constantly seeking opportunities to maintain affordable options for residents in the neighborhood, regularly scouring online databases of real estate listings. One of the primary selling points for 16 Corner was the site's existing density, which was higher than would be allowable for new construction in the neighborhood, since zoning had been updated. Partners CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH L 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 45 Assoc. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto fpacket Pg. 300 2.5.b were able to redevelop the buildings as one project and achieve economies of scale. The previous owner was eager to sell the property, given the poor condition of the property. The Vagabond Group and Omni CRA purchased the property for $3,700,000. RELATIONSHIP BUILDING Strong relationships were key to 16 Corner's success — notably the existing relationship between the developer and financier, long-standing trust between public -sector decisionmakers and the developer, and responsiveness to community concerns. Before the property was identifed, staff at the Omni CRA and The Vagabond Group had expressed interest in working together, allowing them to quickly collaborate when the property became available. The project was initially met with some skepticism by local decisionmakers, but The Vagabond Group's reputation for historic renovation and high- quality developments helped to ease these concerns.Some residents expressed apprehension about a for -profit developer to purchasing land in the neighborhood. Hearing and acknowledging the concerns of neighborhood residents, the project partners approached the Mt. Zion CDC to work more directly and collaboratively with neighborhood residents. The Mt. Zion CDC agreed to join the project in exchange for a 7.5 percent ownership stake in the value of the property at the end of its 30-year affordability covenant. FINANCING THE DEVELOPMENT As one of the lead partners on the project, Omni CRA was able to cover the cost of acquisition, which is often one of the greatest barriers to preserving unsubsidized affordable SMMF in stronger real estate markets. Using its discretion over TIF funds, Omni CRA issued a forgivable loan for the acquisition cost. The loan would be forgiven after the property satisfied a 30-year affordable housing covenant. The only public subsidy came from the Omni CRA (see Table 1). No additional local, state or federal funds were The Vagabond Group was also capable of donating its developer fee to help close the gap. The 16 Corner project is a testament to the value of atypical sources of public subsidy to support affordable housing, securing cheap equity early, and striving for a simplified capital stack. Rehabilitation took roughly 10 months. The hard costs per unit were $67,000. The most expensive elements were general contractor fees, new electrical and plumbing systems and structural repairs. To improve the property's resilience, the buildings were updated to include storm -certified roofs, impact windows, and hurricane straps. To reduce utility costs for residents and increase the value of the property, the partners used materials that would perform better over the property's lifecycle, including more energy -efficient insulation and water-resistant drywall. TABLE 1. SOURCES PUBLIC SOURCES Omni CRA' $3,800,000 $86,36d PRIVATE SOURCES Bank Financing $1,800,000 sd0,909 Developer equity Sd50,000 $10,227 Donated developer fee $550,000 $12,500 Shortfall $754, 248 $17,142 TOTAL $7,354,248 $167,142 r - I Tan_ 4 * w CAPROCK 123, LLC The content of this presentation is proprietary and confidential information of CAPROCK 123, LLC PROJECT PEACH i! 123 NW 14 St It is not intended to be distributed to any third party without the written consent of CAPROCK 123, LLC Mixed -Use 50% AMI Residences 46 ,usa. Miami, FL 33136 U 2021 CAPROCK 123, LLC All rights reserved. Historic Overto Packet Pg. 301 0 Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex, located at 50 NW 14th St. Miami, Florida 33136. The Board will consider the award of grant funds to Caprock 123, LLC, a legal entity authorized to transact L business/render services in the State of Florida, to underwrite a portion of the costs associated with the development of a mixed use project consisting of income -restricted housing units in the Omni CRA. J M In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will consider the funding, in an amount not to exceed $1,300,000.00 to underwrite the expenditures and costs associated with the development of a mixed -use project consisting of income -restricted housing units, as well as 0 nonprofit offices and/or retail located within the Redevelopment Area of the Omni CRA at 123 NW 14 Street, a Miami, Florida. This funding is critical in the development of the Project, which will reduce blight and provide housing affordability in the area. T_ c, 0 All comments and questions with respect to the meeting and remote public participation should be addressed to Jason Walker, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136 (305) 679-6868. •2 Should any person desire to appeal any decision of the Board with respect to any matter considered at this t meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and c evidence upon which any appeal may be based (F.S. 286.0105). CD In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to z° participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two c (2) business days prior to the proceeding. m E Ad No. 36469 Todd B. Hannon a Clerk of the Board Packet Pg. 302 2.6 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 18, 2021 8992 Subject: Grant - 4/5ths Miami Homes for All Enclosures: 8992 Bid Waiver Memo 8992 Notice to the Public 8992 Grant Request Letter The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16- 0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The Miami Homes For All, INC ("MHFA") a Florida not for profit entity authorized to conduct business submitted a grant proposal request to the CRA. MHFA proposal request maximizes housing incentives for affordable housing units in Miami -Dade County for public school employees to own or rent in the heart of the City of Miami. This proposal is directly in line with the goals of the CRA. JUSTIFICATION: The 2010 Redevelopment Plan on page 41, Section C-2 lists the objective of the CRA to, "Provide incentives for the development of a variety of housing choices." This objective is achieved through this grant as the program offers a housing incentive model that considers an average of $5,000 incentive for housing down -payment or initial rental costs. Eligible participants would earn the incentive upon completion of all financial coaching activities. This pilot program would make outreach efforts to approximately 120 participants with an anticipated 60 participants meeting eligibility and completing all coaching activities. This fulfills the purpose of the CRA which is to maximize conditions for residents to continue to live in the area. This is also an incentive to attract and retain public school workers working in the downtown area. RECOMMENDATION: Packet Pg. 303 2.6 In light of the above -mentioned background information, and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. FUNDING: $150,000.00 allocated from Omni Tax Increment Fund 2021-2022 Budget Line Item 9. City of Miami Page 2 of 4 File ID: 8992 (Revision: A) Printed On: 1011912021 Packet Pg. 304 0 2.6 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 8992 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT TO ALLOCATE GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $150,000.00 TO MIAMI HOMES FOR ALL, INC. TO PROVIDE HOUSING INCENTIVES AND ASSISTANCE TO PUBLIC SCHOOL EMPLOYEES RESIDING IN THE REDEVELOPMENT AREA, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2021-2022 BUDGET LINE ITEM 9; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and WHEREAS, on September 13, 2016, the Board of Commissioners of the CRA ("Board") adopted Resolution No. CRA-R-16-0042 adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA; and WHEREAS, page 41, Section D-2 of the CRA's 2010 Redevelopment Plan ("Plan") lists the objective of the CRA is to "[a]chieve rehabilitation of the maximum number of housing units" and to make "Improvements to the Public Realm" by "[enhancing] the areas' visual attractiveness to businesses and residents"; and WHEREAS, page 42, Sections A-1 and A-3 of the Plan also state as goals of the CRA to "Provide incentives for redevelopment of blighted properties"; and WHEREAS, page 41, Section C-2 of the Plan lists as an objective of the CRA to "Provide incentives for the development of a variety of housing choices;" and WHEREAS, Miami Homes for All, Inc., a Florida Not for Profit Corporation ("Grantee"), specifically requests grant funding from the CRA to assist with the Grantee's program to offer a housing incentive model that provides an average of $5,000.00 in incentives for housing down payments or initial rental costs for a total not to exceed amount of $150,000.00 ("Program"); and City of Miami Page 3 of 4 File ID: 8992 (Revision: A) Printed On: 1011912021 Packet Pg. 305 2.6 WHEREAS, the eligible participants of the Program would earn the incentive upon completion of all financial coaching activities; and WHEREAS, the success of the Program will result in accomplishing the stated objectives and goals of the Plan; and WHEREAS, based on the recommendation and findings of the Executive Director, it is in the CRA's best interest for the Board to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, and to authorize the Executive Director to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the provision of grant funds for the Program in an amount not to exceed $150,000.00, subject to the availability of funds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written findings pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the requirements for competitive sealed bidding and competitive negotiation methods as not being practicable or advantageous to the CRA are waived. Section 3. Funding in a total amount not to exceed $150,000.00 for the Program is allocated from the CRA's Fiscal Year 2021-2022 budget line item 9. Section 4. The Executive Director is authorized to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the purposes stated herein. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 8992 (Revision: A) Printed On: 1011912021 Packet Pg. 306 0 Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and Members of the CRA Board FROM: Jason Walker Jason Walker Executive Director DATE: October 22, 2021 SUBJECT: Recommendations and Executive Director findings to waive competitive negotiation procedures per City Code, authorizing the allocation of grant funds to Miami Homes For All INC. to assist with the provision of housing incentives for housing units in Miami -Dade County for public school employees. BACKGROUND: The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The Miami Homes For All, INC a Florida nonprofit entity ("MHFA") submitted a grant proposal request to the CRA. MHFA, possesses a unique approach to affordable housing. Their proposal is to provide housing incentives for affordable housing units in Miami -Dade County for public school employees to own or rent in the heart of the City of Miami. This proposal is directly in line with the goals of the Omni CRA. The 2010 Redevelopment Plan on page 41, Section C-2 lists the objective of the CRA to, "Provide incentives for the development of a variety of housing choices." This objective is achieved through this grant as the program offers a housing incentive model that considers an average of $5,000 incentive for housing down -payment or initial rental costs. Eligible participants would earn the incentive upon completion of all financial coaching activities. This pilot program would make outreach efforts to approximately 120 participants with an anticipated 60 participants meeting eligibility and completing all coaching activities requiring the amount of $150,000.00 to underwrite a portion of the costs. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 307 2.6.a RECOMMENDATION In light of the above -mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. An approval of a waiver of the formal requirements of competitive sealed bidding and competitive negotiations methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), Sections 18- 86(a) and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5t') vote is respectfully requested. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floor I Miami, FL 33136 (305) 679 6868 1 http://www.omnicra.com/ Packet Pg. 308 2.6.b 1, Omni C R A OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex located at 50 NW 14th St Miami, Florida 33136. The Board will consider the award of grant funds to Miami Homes For All Inc., a legal non-profit entity authorized c to transact business/render services in the State of Florida, to underwrite a portion of the costs associated with a housing incentives for affordable housing units in Miami -Dade County for public school employees to w own or rent in the heart of the CRA. This proposal is directly in line with the goals of the Omni CRA. E In accordance with the Board's 2010 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will = consider the funding, in an amount of $150,000.00 to underwrite the costs associated with the housing incentive. E This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the Lo proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, 4 and are available as with the scheduled CRA Board meeting of Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex located at 50 NW 14th St Miami, Florida 33136. c� Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two (2) business days prior to the proceeding. a 0 z Ad No. 36470 Todd B. Hannon rn Clerk of the Board 00 c a� E U Q Packet Pg. 309 2.6.c M9.�1G HOYW�ES FOR Al A BOARD OF DIRECTORS ANA CASTILLA PRESIDENT TD BANK MARIA CRISTINA BARROS PAST -PRESIDENT TIM COFFEY VICE-PRESIDENT ELEVENTH JUDICIAL CIRCUIT COURT ALEXANDER E. BINELO TREASUER MBAF HILDA M. FERNANDEZ SECRETARY CAMILLUS HOUSE VANCE A. ALOUPIS THE CHILDREN'S MOVEMENT OF FLORIDA ANTHONY BRUNSON ANTHONY BRUNSON P.A. JUAN CARLOS CAMPUZANO CITIBANK, N.A. PAULINE CLARKE-TROTMAN BETTER WAY OF MIAMI LOVELY EXAMAR BURGER KING ETHAN GROSSMAN MERRIL LYNCH DEPUTY CHIEF W. ANTHONY JONES, MPA MIAMI BEACH POLICE DEPARTMENT KEVIN E. PROBST DABDOUB LAW FIRM JANISSE SCHOEPP, PH.D. HEALTH FOUNDATION OF SOUTH FLORIDA ANDRE WILLIAMS LAW OFFICE OF ANDRE L. WILLIAMS, PA April 28, 2021 Mr. Jason Walker Executive Director, Omni CRA 1401 North Miami Avenue Miami, Florida 33132 Dear Mr. Walker: 1951 NW 7th Avenue, #600 Miami, FL 33136 D: 305.209.2004 info@miamihomesforall.org On behalf of Miami Homes for All, I respectfully submit the attached grant request for consideration. We greatly appreciate your partnership in this endeavor and your guidance in the development of an approach that maximizes housing opportunities for Miami -Dade County Public School employees to own or rent in the heart of the City of Miami. A partnership with the Omni CRA and the Southeast Overtown/Park West Community Redevelopment Agency inclusive of financial stability/capability coaching and housing incentives underscores our collective commitment to instilling the appropriate supports for the City's current residents. Should you have any questions or need for additional information, please do not hesitate to reach out to me directly. Yours truly, Annie Lord Executive Director Packet Pg. 310 2.7 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 19, 2021 File: 8989 Subject: Purchase of 1520 NW 1st Court, Miami, FL 33136 Enclosures: 8989 1520 NW 1 st CT —Appraisal 8989 1520 NW 1 st CT —Property Search Application 8989 1520 NW 1 st CT —Purchase Letter 8989 1520 NW 1 st CT Site Map The attached Resolution of the Board of the Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") authorizes the CRA to purchase the real property located at 1520 NW 1 st Court, Miami, FL 33136 subject to the availability of funds from the 2021-2022 Omni Tax Increment Fund Budget Line Item 10 for a sum not to exceed of Three Hundred Fifty Thousand Dollars ($350,000.00) exclusive of costs. The property is located within the Redevelopment District. The location is a prime location and presents numerous opportunities for growth, development, restoration and rehabilitation consistent with the CRA's Redevelopment Plan. JUSTIFICATION: The acquisition is consistent with Sec. 9.1 of the Omni CRA Redevelopment Plan outlining the powers of a CRA and also as outlined in Florida Statutes Chapter 163.340 to make an "Acquisition of real property in the community redevelopment area which, under the community redevelopment plan..."' Additionally, Sec 4.4.4 of the Omni CRA's Redevelopment Plan looks at "Improvements to the public realm". The acquisition of the property is consistent with the CRA's initiative to improve the public realm and enhance the area's visual attractiveness to business and residents. z FUNDING: Funds are allocated from the 2021-2022 Omni Tax Increment Fund Budget Line Item 10, not to exceed Three Hundred Fifty Thousand Dollars ($350,000.00). 1 2009 Omni CRA Redevelopment Plan Sec. Plan Management p. 166 z 2009 Omni Redevelopment plan Redevelopment Plan overview p. 42 Packet Pg. 311 0 2.7 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 8989 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND DAMODAR S. AIRAN, FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1520 NW 1ST COURT, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 8,800 SQUARE FEET ("PROPERTY"), AS LEGALLY DESCRIBED IN THE AGREEMENT, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00), CONTINGENT UPON THE CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM THE 2021-2022 OMNI TAX INCREMENT BUDGET IN A TOTAL AMOUNT SUBJECT TO THE NOT TO EXCEED FOUR HUNDRED THOUSAND DOLLARS ($400,000.00) TO PROVIDE FOR THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") wishes to acquire the real property located at 1520 NW 15t Court, Miami, Florida 33136, containing an approximate total lot area of 8,800 square feet ("Property"); and WHEREAS, the CRA plans to develop the Property to enhance the quality of life in the surrounding area and address slum and blight as detailed in the CRA's Redevelopment Plan; and WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not exceed Four Hundred Thousand Dollars ($400,000.00), to be allocated from the 2021-2022 Omni Tax Increment Fund Budget line item 12 inclusive of the purchase price, cost of a survey, environmental report, title insurance, and related closing costs associated with said acquisition; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The Executive Director is authorized to negotiate and execute a Purchase and Sale Agreement ("Agreement"), in a form acceptable to the General Counsel, between the City of Miami Page 2 of 3 File ID: 8989 (Revision: B) Printed On: 1011912021 Packet Pg. 312 2.7 CRA and the Seller for the acquisition of the Property for a total purchase price not to exceed Three Hundred Fifty Thousand Dollars ($350,000.00), contingent upon the CRA receiving appraisals supporting the purchase price. Section 3. The Executive Director is further authorized to negotiate and execute any and all necessary documents, including any amendments and modifications to said Agreement, all in forms acceptable to the General Counsel, as may be necessary to effectuate said acquisition. Section 4. Funds are allocated from the 2021-2022 Omni Tax Increment Fund Budget in an not to exceed Four Hundred Thousand Dollars ($400,000.00) to cover the total cost of said acquisition, inclusive of the cost of a survey, environmental report, title insurance, and related closing costs associated with said acquisition. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 3 of 3 File ID: 8989 (Revision: B) Printed On: 1011912021 Packet Pg. 313 2.7.a APPRAISAL OF AN 81800 SQUARE FOOT LAND PARCEL LOCATED AT 1520 N.W. 1 COURT MIAMI, FLORIDA Ownership: Damodar S. Airan Prepared For Anthony Balzebre Assistant Director OMNI CRA 1401 North Miami Avenue Second Floor Miami, Florida 33136 Prepared By Investors Research Associates, Inc. 5730 S.W. 74 Street, Suite 100 South Miami, Florida 33143 DATE OF VALUE February 25, 2021 1 21-2618 - A Packet Pg. 314 2.7.a investors research associates, inc. real estate consultants 5730 s,w, 74 street, suite 100 and appraisers south miami, florida 33143-5381 licensed real estate broker telephone 305-665-3407 fax 305-665-4921 March 3, 2021 Anthony Balzebre Assistant Director OMNI CRA 1401 North Miami Avenue Second Floor Miami„ Florida 33136 Re: An 8,800 square foot land parcel located at 1520 N.W. 1 Court, Miami, Florida Dear Ms. Balzebre: The attached appraisal report is being submitted according to your request. This report contains the results of investigations and analyses made in order to furnish an estimate of the market value of the referenced property. This appraisal is intended to comply with the following: The Uniform Standards of Professional Appraisal Practice (USPAP), as adopted by the Appraisal Standards Board of the Appraisal Foundation; requirements of the Real Estate Appraisal Board of the Florida Department of Professional Regulation; and the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. A Summary of Facts and Conclusions is provided in the front of the report and a Certification of Value appears in the final section. Respectfully submitted, Digitally signed by Edward N Parker Edward DM cn=Edward N. Parker, o, ou, 1=ira5730@aoN N. Pa r ke r uSl.com, Date: 2021.03.03 13:45:24 -05,00, Edward N. Parker, MAI State Certified General Real Estate Appraiser #RZ144 2 21-2618 — A Packet Pg. 315 2.7.a TABLE OF CONTENTS TABLEOF CONTENTS............................................................................................................................. 3 I. SUMMARY OF FACTS AND CONCLUSIONS.............................................................................. 5 II. SCOPE OF THE ASSIGNMENT...................................................................................................... 6 A. IDENTIFICATION OF THE PROPERTY.................................................................................................... 6 B. PURPOSE AND SCOPE OF THE ASSIGNMENT........................................................................................ 6 C. DEFINITION OF MARKET VALUE........................................................................................................ 7 D. PROPERTY RIGHTS APPRAISED........................................................................................................... 7 E. EFFECTIVE DATE OF VALUE............................................................................................................... 7 F. INTENDED USE OF THE APPRAISAL..................................................................................................... 7 G. INTENDED USER OF THE APPRAISAL.................................................................................................. 8 H. APPRAISER......................................................................................................................................... 8 III. ECONOMIC PERSPECTIVE....................................................................................................... 9 A. M1AM1-DADE COUNTY OVERVIEIA'.................................................................................................... 9 B. THE NEIGHBORHOOD........................................................................................................................11 IV. PROPERTY DESCRIPTION.......................................................................................................16 A. OWNERSHIP AND HISTORY................................................................................................................16 B. LOCATION AND ACCESS....................................................................................................................16 C. SITE DESCRIPTION.............................................................................................................................16 D. DESCRIPTION OF IMPROVEMENTS......................................................................................................16 E. ASSESSMENT AND TAXES..................................................................................................................17 F. ZONING AND PLANNING CRITERIA....................................................................................................17 V. ANALYSIS OF DATA AND VALUE CONCLUSION ...................................................................19 A. HIGHEST AND BEST USE...................................................................................................................19 B. METHODOLOGY................................................................................................................................19 C. LAND SALES DATA...........................................................................................................................20 D. ANALYSIS OF SALES AND VALUE CONCLUSION................................................................................37 VI. ASSUMPTIONS AND LIMITING CONDITIONS....................................................................40 VII. CERTIFICATION.........................................................................................................................42 VIII. QUALIFICATIONS.......................................................................................................................44 3 21-2618 - A Packet Pg. 316 2.7.a rn co rn w N L Q. Q. Q CU N Z 0 N LO co a) 00 C G1 E s Q 21-2618 - A Packet Pg. 317 2.7.a I. SUMMARY OF FACTS AND CONCLUSIONS The Assignment: To estimate the market value of an 8,800-square foot land parcel. Location: Along the west side of N.W. 1 Court approximately 92 feet north of N.W. 15 Street in the Overtown neighborhood of Miami, Florida (with a street address of 1520 N.W. 1 Court). Property Owner: Damodar S. Airan 9310 S.W. 71 Avenue Miami, Florida 33156 Site Description: The appraised property is a vacant rectangular parcel of land fronting for 88 feet along the west side of N.W. 1 Court with a depth of 100 feet. Total land area as calculated by the county property appraiser is 8,800 square feet. Improvement Description: None, the site is currently vacant Zoning: T3-0, Sub Urban Zone by the City of Miami. This zone consists of low density areas primarily comprised of single and two family residential units. Future Land Use Plan Designation: Medium Density Multifamily Residential Highest and Best Use: Residential use as permitted by zoning and planning criteria. Assessment and Taxes: 2020 Assessed Value: $379,379 Conclusion of Market Value: $317,000 Effective Date of Value: February 25, 2021 Appraiser: Edward N. Parker, MAI 5 21-2618 - A Packet Pg. 318 2.7.a II. SCOPE OF THE ASSIGNMENT A. Identification of the Property The property that is the subject of this appraisal is an 8,800-S.F. vacant lot fronting along the west side of N.W. 1 Court about 92 feet north of N.W. 15 Street in the Overtown neighborhood of Miami, Florida. A legal description of the appraised property taken from public records follows. Lots 8 and 9 less the south 32 feet, Block 37, Waddell's Addition, as recorded in Plat Book B, Page 53 of the public records of Miami -Dade County B. Purpose and Scope of the Assignment The purpose of the appraisal is to estimate the market value of the property described herein. The function of the appraisal is to provide the client with an estimate of market value for possible purchase negotiation purposes. The scope of the assignment encompasses the following steps performed within the framework of commonly accepted appraisal procedures. • Inspected the appraised property and its surrounding neighborhood • Reviewed relevant zoning and planning criteria affecting the appraised property. • Researched relevant sales of comparable land parcels. • Interviewed brokers, property owners and other participants who are active in the marketplace • Formulated reasonable opinions and judgments based on supply and demand factors, as well as physical and functional considerations relative to the highest and best use of the subject property. • Analyzed these data in order to formulate sound valuation judgments within the framework and application of the appropriate approach to value. 6 21-2618 - A Packet Pg. 319 2.7.a C. Definition of Market Value The following definition of market value is cited from the Uniform Standards of Professional Appraisal Practice. The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised, and acting in what they consider their own best interest; 3. A reasonable time is allowed for exposure in the open market; 4. Payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and 5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. D. Property Rights Appraised This appraisal is made with the understanding that the present ownership of the property includes all the rights that may lawfully be held under a fee simple estate. E. Effective Date of Value February 25, 2021 F. Intended Use of the Appraisal The intended use of the appraisal is to provide the client with valuation information to be used in the negotiations of a possible purchase of the property described herein. 7 21-2618 - A Packet Pg. 320 2.7.a G. Intended User of the Appraisal The intended user of the appraisal is the client, the OMNI CRA. H. Appraiser Edward N. Parker, MAI 8 21-2618 - A Packet Pg. 321 2.7.a III. ECONOMIC PERSPECTIVE A. Miami -Dade County Overview Miami -Dade County is divided into 36 municipalities with the largest being the cities of Miami, Hialeah, Miami Beach, North Miami and Coral Gables. It encompasses approximately 1,973 square miles in southeastern Florida. The eastern part of the county is intensely developed and much of the density is concentrated within a few miles of the Atlantic Ocean and Biscayne Bay. Most of the western part of the county is undeveloped or sparsely developed. This area is mostly low-lying, subject to seasonal flooding and serves as the recharge area for South Florida's sole source aquifer. Miami -Dade County appears to have a vast supply of open land for urban expansion. However, the Everglades, the aquifer and other critical environmental conditions effectively have limited the supply of developable land. In addition, the 1985 Florida Growth Management Act made it much more difficult to change zoning and land use patterns. Development now requires a much more costly and time-consuming approval process. The result has been to concentrate new development within existing urbanized areas of the county. Beginning in 2003, Miami -Dade County experienced a period of unprecedented housing construction in all developable areas of the county. From 13,520 new housing units authorized in Miami -Dade County during 2003 activity peaked at 27,212 units authorized in 2005. Reflecting deteriorating economic conditions and significant overbuilding, however, authorizations eased to 16,536 new units in 2006 and plummeted to 4,026 units in 2008 and 2,657 units in 2011. However, local housing markets have since experienced a strong recovery marked by declining unsold inventories, increasing price levels, and increases in new construction activity. New housing unit authorizations in the county have exceeded 10,000 annually since 2013 (12,068 in 2019). Population From 1970 to 1990, Miami -Dade County was one of the fastest growing urban regions in the United States. However, following the double impact of the recession of the early 1990s and Hurricane Andrew in 1992, population growth in the county moderated significantly. After adding almost 40,000 residents annually prior to 2000, population growth has more recently eased to below 25,000 new residents annually. The most recent Census data estimates the 2019 population of the county to be 2,717,000. As the county matures and reaches the outer limits of the Urban Development Boundary, population growth has logically shifted north to Broward and Palm Beach Counties. 9 21-2618 - A Packet Pg. 322 2.7.a An unusually high proportion of Miami-Dade's growth results from births. Also, the immigrant population is typically youthful. As a result, Miami -Dade has a relatively young population, with about 30 percent of its residents under the age of 25 (compared to 38 percent in Palm Beach County and 28 percent in Broward County). A young and generally less -educated immigrant population contributes to Miami -Dade County's relatively low-income levels. At $48,982 in 2018, the median county household income was below that of both the State of Florida ($53,267) and the United States ($61,937). Employment The general trend in employment within Miami -Dade County over the past five years is illustrated below. Non -Agricultural Employment Trends Miami -Dade County 2016-2020 Industry 2016 2017 2018 2019 2020 Total Nonagricultural Employment 1,169,900 1,191,800 1,220,900 1,245,600 1,166,500 Construction and Mining 44,700 47,800 54,500 56,200 54,500 Manufacturing 39,000 43,500 42,400 39,900 42,400 Transportation and Public Utilities 89,600 92,500 94,800 96,000 85,100 Trade 220,500 225,600 221,600 234,900 214,600 Finance, Insurance and Real Estate 82,500 81,400 81,200 80,800 84,500 Services 543,500 558,200 570,400 590,200 553,900 Government 139,100 143,800 145,300 147,600 131,500 Civilian Labor Force 1,236,680 1,247,900 1,262,600 1,280,200 1,312,400 Unemployment 66,780 63,200 41,700 34,600 96,300 Unemployment Rate 5.4% 4.5% 3.3% 2.7% 7.3% Total county nonagricultural employment in 2020 declined for the first time in ten years, dropping approximately 6 percent from 2019 levels. This is a direct reflection of the negative impacts of the Covid 19 pandemic. The trade and service sectors continue to dominate local employment, accounting for approximately 66 percent of 2020's total employment of 1,166,500. Only the manufacturing sector did not show a decline in 2020, with the remaining sectors all experiencing decreases. Consistent with national and state trends, Miami -Dade County's unemployment rate had been at historically low levels until the onset of the recent Covid 19 pandemic. Reflecting the lingering impact of the pandemic, countywide unemployment was 7.3 percent in December 2020, compared to the state average of 5.8 percent and the national average of 6.5 percent. 10 21-2618 - A Packet Pg. 323 2.7.a Conclusion Recent population growth and economic activity in the county have moderated from historic levels. The source of past population growth in Miami -Dade County is not especially conducive to economic growth. Miami -Dade County has a higher than average birth rate and a large, low-income immigrant population. The longer term prognosis, however, is one of optimism. Immigrants to Miami - Dade have proven to be energetic entrepreneurs and most job creation comes from small businesses. The single most significant growth industry in Miami -Dade is international trade, which generates demand for warehouse and distribution space, transportation services, as well as legal and banking services. The strength of this industry is attributable to Miami's largely bilingual population in addition to the area's linkages to Latin America. While most of the economic data discussed above is positive, there is one cloud of uncertainty hanging over local, national, and international economic conditions. That is the Covid 19 virus pandemic. While most expect the impacts of the virus to be temporary, only time will tell the extent of its effect on economic conditions. Within the real estate sector, most prognosticators anticipate any adverse effects of the pandemic to vary by property type and land use. Most impacted would be those uses with both sensitivity to the economy and sensitivity to the virus itself. Uses in this category would include retail centers, lodging, general offices and student and senior housing. Least sensitive to these risks would be food -related uses (grocerys, farming), medical facilities, distribution and warehouses and single family residences. Certainly a cause for overall optimism is the recent release of approved vaccines. B. The Neighborhood The appraised property is located in the Overtown neighborhood of Miami. Overtown lies within N.W. 20 Street to the north, N.W. 5 Street to the south, the Miami River and Dolphin Expressway (SR 836) to the west, and the Florida East Coast Railway (FEC) to the east. The population of Overtown consists of roughly 22,000 people which has seen a 12.2 percent increase since 2000 and a 3.9 percent increase since 2010. There are about 8700 households split evenly between family and non -family residences. The median age and income in Overtown is 36 and $30,713 respectively. In the 1920's and 1930's, NW 2nd Avenue was known as "Avenue G," and was a major corridor for entertainment, retail stores, and hotels. The population continued to grow until the early 1960's. Urban renewal, the Neighborhood Development Program, and construction of the SR-836/I-395 and I-95 expressways significantly changed the character of the neighborhood as residents from Overtown were scattered and relocated. Economic, physical and social decay became pronounced and progressively contributed to the decline in the area. However, recent years have witnessed a halt to the declines with numerous signs of a resurgence taping place. 11 21-2618 - A Packet Pg. 324 2.7a Located directly north of Overtown the Omni Media and Entertainment Districts are still undergoing a rapid transformation into a regional epicenter of the cultural and performing arts. Despite its challenges, Southeast Overtown/Park West is advantageously situated between Downtown Miami and the Omni area, Motion Picture/Media District, and the Entertainment District, and is near Miami Beach, Miami International Airport, and the regional transportation system. South of Overtown and Park West, Downtown Miami's central business district is a flourishing center of international business, finance, telecommunications, government and trade. 12 21-2618 - A Packet Pg. 325 2.7.a AERIAL VIEW OF APPRAISED PROPERTY I I Source: Miami -Dade County Property Appraiser 13 21-2618 - A N Q. M Qi F_ CU N Z 0 N LO T" 00 a) 00 C G1 E s Q Packet Pg. 326 2.7.a PHOTOGRAPHS OF THE APPRAISED PROPERTY Looking west over the fence at the appraised property. AIJ^-/,. t. Looking northwest at the property from N.W. 1 Court. 14 21-2618 - A Packet Pg. 327 R �r f V ' S P 1 L� /\ i�jl J u _7 l 3 I rll Q Q �,d —+— oQ '- }L I os Loo sL'4 m GS'i 95 �i' i00 �>e�Z E FI b �� 51 m� 6 z A iV 14 SUBJECT LOCATION MAP 21-2618 — A Packet Pg. 328 2.7.a IV. PROPERTY DESCRIPTION A. Ownership and History The appraised property is currently held in the name of Damodar S. Airan, 9310 S.W. 71 Avenue, Miami, Florida 33156 The current owner obtained title to the property via Tax Deed (OR Book 23021, Page 3931) on January 24, 2005. Stamps on the deed indicate the transfer price was $82,550. B. Location and Access The subject property fronts along the west side of N.W. 1 Court about 92 feet north of N.W. 15 Street in the Overtown neighborhood of Miami. This places it immediately to the north of State Road 836, aka I-395. This limited access roadway extends from Miami Beach west to N.W/S.W. 137 Avenue in far western Miami - Dade County. 1-95 is just to the west of the property and provides north -south vehicular access to the subject neighborhood with interchanges to the north and south of the appraised property. Most local roadways in the immediate neighborhood are two lanes. N.W. 1 Place and intersecting streets provide ready access to downtown Miami about one mile to the south. C. Site Description A survey of the appraised property was not available to us. However, the attached plat map identifies the location and configuration of the site. As illustrated, the property is a rectangular off corner land parcel. Frontage on N.W. 1 Court is 88 feet with a depth of 100 feet. Based on calculations by the county property appraiser the total site area is reported to be 8,800 square feet. Pending completion of an actual survey, this site area is assumed to be correct. Topography of the site is level and at street grade. Utilities available to the property include electrical service, telephone service, and sewer and water service. The appraised property is located within Flood Zone White X, which consists of areas determined to be outside the 2.0% annual chance of flood. This is according to FEMA Map 12086CO3121L dated September 11, 2009. D. Description of Improvements The appraised property is currently vacant and unimproved. 16 21-2618 - A Packet Pg. 329 Z.7.a E. Assessment and Taxes The appraised property is assessed for 2020 under a single folio number by Miami - Dade County as follows: Folio No.: 01-3125-048-1440 Land Value: $379,379 Improvement Value: $ 0 Total: $379,379 Taxable Value: $ 51,426 Total taxes due in 2020 were $1,095. F. Zoning and Planning Criteria The appraised property is currently zoned T3-0, Sub Urban Zone, by the City of Miami. This zone consists of low density areas primarily comprised of single and two family residential units. General provisions of the T3-0 zone include: Minimum Lot Size: 5,000 square feet Minimum Lot Width: 50 feet Maximum Building Height: 2 stories Maximum Floor/Area Ratio: 1.0 Minimum Setbacks: Front: 20 feet Side: 5 feet Rear: 20 feet Maximum Lot Coverage: 50 percent Minimum Open Space: 25 percent Maximum Residential Density: 18 units/acre Minimum Parking: 2 spaces per unit The City of Miami Future Land Use Plan designates the appraised property as Medium Density Multifamily Residential. It is noted that this designation, which provides for a residential density of up to 65 units per acre, is inconsistent with the current T3-0 zoning of the site (maximum of 18 units per acre). While current zoning would have precedence in this instance, it suggests that the possibility of rezoning the site to a higher density some time in the future exists. 17 21-2618 - A Packet Pg. 330 2.7.a NW 'i 7,TH - STA / 1 to IJ 11 11 1 , / t - It i d 7 3 / t 1 N 1_6TH TER _ � j „M y 1 r ,/ J \� _ 1 { +S t{ Ir ,1 O I t y ] 1 APPRAISED BROPERTY U • to 1) 11 M 13 N 17 11/ N 15TH ST o z I• x - RI S, N S SU C 3 z„ '+ 1R , N E '17. _ _ _, � — C- S Q e • • M -= • - • - 7 o LL 5 • It NE 16TH ST IRA COMMUNITY 1 1D � � • PARTNERSHIP „ 2 i __ d Z TRACKS + s t 1 0 -- -- — LL1 - N � ) y G q • � - • J i L— I- u O 6ImAidC 1 9 IA 17 1) J W - Td R W N 14TH TER z �5M 1 - �,-Tt Toi in T_ AZ Ell .I NW 1-1TH �T D1 wAGD : ADD 14W 14TH ' -- - - 10 • z to • r:, �-- 11 B 11 U II t: NE 14TH ti a I tA --- , Is Is 13 UJ tt 1 � It • 1) { 11 � ! / IJ •, s _ 1: , - 1a • „ NE 13TH TER ZONING MAP G1 (n s u a 0 CD .i Q a Q I z Co N to 0 CD 0 r� r- E s �a 18 a 21-2618 - A Packet Pg. 331 2.7.a V. ANALYSIS OF DATA AND VALUE CONCLUSION A. Highest and Best Use Highest and best use is a fundamental premise of real estate valuation and may be briefly defined as: Highest and best use is the reasonably probable and legal use of vacant land or improved property which is physically possible, appropriately supported, financially feasible, and results in the highest value. The current T3-0 zoning of the appraised property provides for lower density residential uses including single and two family units up to a maximum density of 18 units per acre. In addition, the future land use plan designation on the property (up to 65 units per acre) suggests that the possibility of rezoning the site to a higher density some time in the future exists. The size and configuration of the site are fully adequate to support any of the permitted uses. Utilities, roads and sidewalks are in place and the site is level, cleared and filled. As discussed earlier in this report the single family housing market throughout the county has been active and healthy recently. This is also the case with the rental apartment market. Existing homes and rental apartments in the neighborhood of the appraised property have experienced short listing periods and rising prices. While there are a substantial number of undeveloped sites in the neighborhood, an active market exists for both vacant sites being acquired for future development as well as improved properties being acquired for rehabilitation or redevelopment. Considering the factors discussed above, it is concluded residential use of the appraised property consistent with zoning and planning criteria would be both financially feasible and maximally productive. This use is concluded to be the highest and best use of the appraised property. B. Methodology Usual appraisal procedure involves an estimate of market value by three separate approaches: the cost approach, the sales comparison approach, and the income capitalization approach. From the indications of these analyses and the weight accorded to each, an opinion of market value is reached. In this instance, only land is being valued. As a result, only the sales comparison approach is relevant to estimating the market value of the property. 19 21-2618 - A Packet Pg. 332 2.7.a C. Land Sales Data A search was conducted to identify recent sales of comparable properties in the immediate neighborhood. Pertinent details relative to seven sales are presented on the following pages. A location map, summary table, and analysis follow. 20 21-2618 - A Packet Pg. 333 2.7.a Land Sale No. 1 Location: 925 N.W. 28 Street, Miami Date of Sale: December 11, 2020 Grantor: Ozeo Properties, LLC Grantee: Land Enhancement Group, LLC OR Book/Page: 32281/2388 Folio No.: 01-3126-009-0871 Site Size: 6,500 square feet Street Frontage: 50 feet on N.W. 28 Street Improvements at Sale: None Zoning: T4-L, General Urban Zone (36 units per acre) Land Use Plan: Medium Low Density (under 25 units/acre) Sale Price and Terms: $220,000, Cash to the seller N Q. a Q CU w z 0 N V) T" M 00 a) 00 c a� E s Q 21 21-2618 - A Packet Pg. 334 Price Per SY of Land: $33.85 Verification: Aaron Goldstein, principal of the purchasing entity (786- 368-6684), by Geoffrey Heath, MAI and Pamela Iverson, listing agent (305-297-1764), by Edward N. Parker, MAI on March 2, 2021 Comments: Recent sale of a vacant,T4-L zoned site one block south of heavily travelled N.W. 29 Street. The property had been on the market for 13 months. The initial asking price was $285,000 ($43.85/S.F.). It was reduced to $265,000 ($40.77/S.F.) and then sold for $220,000. This site was purchased for redevelopment with a multifamily residential use. 22 21-2618 - A Packet Pg. 335 2.7.a Land Sale No. 2 Igo Location: 1435 N.W. 29 Street, Miami Date of Sale: November 5, 2020 Grantor: Raul Rivero Grantee: Don Kim Flipse and Ana Patricia Flipse OR Book/Page: 32200/3008 Folio No.: 01-3126-032-0070 Site Size: 6,095 square feet Street Frontage: 50 feet on N.W. 21 Street Improvements at Sale: An 84-year old single family residence containing 1,004 square feet Zoning: T4-0, General Urban Zone (36 units per acre) Land Use Plan: Single Family Medium Density (2.5 units/acre) Sale Price and Terms: $215,000, Cash to the seller M N M Q. a a i CU _N z 0 N LO T" M co a) 00 c a� s a 23 21-2618 - A Packet Pg. 336 2.7.a Price Per SY of Land: $35.27 Verification: Diamela Burquera, listing agent (786-218-5723), by Edward N. Parker, MAI, on February 26, 2021 Comments: This late 2020 sale involved a residential lot on busy N.W. 29 Street. It was marketed as a land deal with an interim use house that is in poor condition but it is generating some interim use rent. 24 21-2618 - A Packet Pg. 337 2.7.a Land Sale No. 3 Location: 1175 N.W. 26 Street, Miami Date of Sale: March 10, 2020 Grantor: Gustavo Sidelnik Grantee: Constructora Freire, LLC OR Book/Page: 31865/542 Folio No.: 01-3126-051-0730 Site Size: 5,000 square feet Street Frontage: 50 feet on N.W. 26 Street Improvements at Sale: An older house in poor physical condition Zoning: T3-0, Sub -Urban (18 units per acre) Land Use Plan: Single Family Medium Density (2.5 units/acre) Sale Price and Terms: $159,000, Cash to the seller N L Q. a Q i CU 0 z 0 N LO T" M co a) 00 c a� E s Q 25 21-2618 - A Packet Pg. 338 2.7.a Price Per SY of Land: $31.80 Verification: Jasbleidy Jimenez, the listing agent (786-307-8967), by Edward N Parker, MAI on February 26, 2021. Comments: This is about a one-year old sale of a 5,000-square foot lot that was improved with an old single family residence at time of sale. Although the Property Appraiser's records do not include the size or age of the structure, the listing agent reported it was in poor condition at the time of sale. The purchaser demolished the house and has recently completed construction of a two-story duplex consisting of two townhouse units. The two units are listed for sale at a total price of $670,000. 26 21-2618 - A Packet Pg. 339 2.7.a Land Sale No. 4 *IW jr!w r . 9 Location: 1553 N.W. 1 Court, Miami Date of Sale: October 31, 2019 Grantor: Amerbrick Developers, Inc Grantee: 1553 N.W. 1 Court, LLC OR Book/Page: 31701/4670 Folio No.: 01-3136-051-0300 Site Size: 7,860 square feet Street Frontage: 60 feet on N.W. 1 Court and 131 feet on N.W. 16 Street Improvements at Sale: None Zoning: T3-0, Sub -Urban, (18 units per acre) Land Use Plan: Medium Density Multifamily Residential (65 units/acre) Sale Price and Terms: $210,000, Cash to the seller Price Per SY of Land: $26.72 M N M Q. a a i CU (n z 0 N V) T" 00 a) 00 c a� E s a 27 21-2618 — A Packet Pg. 340 2.7.a Verification: Fabio Visconti, listing agent (786-797-7037), by Geoffrey Heath, MAI on February 24, 2021 Comments: This was a late 2019 sale of a vacant corner site. The property had been listed for $375,000 ($47.71/S.F.). However, the listing agent reported that the seller lives outside of the U.S. and was very motivated to sell. He realized the sale price was below the market rate but wanted to sell anyway. 28 21-2618 - A Packet Pg. 341 2.7.a Land Sale No. 5 kit r= Location: 1937 N.W. 3 Avenue, Miami Date of Sale: September 9, 2019 Grantor: RDA Investments, LLC Grantee: AG Real Estate 8, LLC OR Book/Page: 31611/1458 Folio No.: 01-3136-028-0190 Site Size: 6,950 square feet Street Frontage: 50 feet on N.W. 3 Avenue Improvements at Sale: A 37-year old single family residence in fair condition Zoning: T3-0, Sub -Urban (18 units per acre) Land Use Plan: Medium Density Multifamily Residential (65 units/acre) Sale Price and Terms: $290,000, Cash to the seller Price Per SY of Land: $41.37 N L Q. a Q i CU (n z 0 N V) T" M 0 a) 0 c a� E s Q 29 21-2618 — A Packet Pg. 342 2.7.a Verification: Andres Lemos, listing agent (305-409-3737), by Edward N. Parker, MAI on February 26, 2021 Comments: This property was improved with a 37-year old house at time of sale that appears to be in average physical condition. It was leased at time of sale so it was generating rental income. 30 21-2618 - A Packet Pg. 343 2.7.a Land Sale No. 6 .µ� Location: 222 N.W. 17 Street, Miami Date of Sale: April 23, 2019 Grantor: Washington Heights, LLC Grantee: Southeast Overtown CRA OR Book/Page: 31425/1231 Folio No.: 01-3136-021-1760 Site Size: 5,250 square feet Street Frontage: 50 feet on N.W. 17 Street Improvements at Sale: None Zoning: T5-L, Urban Center (65 units per acre) Land Use Plan: Medium Density Restricted Commercial Sale Price and Terms: $167,500, Cash to the seller N L Q. Q. a i U z 0 N LO M 00 a) 00 c a� E s a 31 21-2618 - A Packet Pg. 344 2.7.a Price Per SY of Land: $31.90 Verification: Principal of the purchasing entity, by Geoffrey Heath, MAI Comments: Vacant site with sidewalk and curb along N.W. 17 Street. Nearby land uses are predominantly two-story apartment buildings. The purchaser is a community redevelopment agency. 32 21-2618 - A Packet Pg. 345 2.7.a Land Sale No. 7 Location: 219 N.W. 14 Terrace, Miami Date of Sale: March 28, 2019 Grantor: Marctiff, LLC Grantee: Overtown Affordable Housing LLC OR Book/Page: 31383/4553 Folio No.: 01-3136-021-0820 Site Size: 5,250 square feet Street Frontage: 50 feet on N.W. 14 Terrace Improvements at Sale: Deteriorated 2,446 S.F. residence slated for demolition Zoning: T5-L, Urban Center (65 units per acre) Land Use Plan: Medium Density Restricted Commercial Sale Price and Terms: $180,000 — Contract Price — Cash $ 20,000 — Demolition Cost $200,000 Total N L Q. a a i CU (n z 0 N V) T" M 00 a) 00 c a� E s a 33 21-2618 — A Packet Pg. 346 2.7.a Price Per S.F. of Land: $38.09 Verification: Jorge Garavito, listing agent (305-793-7661), by Geoffrey Heath, MAI Comments: Two-year old sale of a 5,250-square foot site located about two blocks southwest of the appraised property. An 82-year old residence on the site is in very poor condition and is slated for demolition by the grantee. The grantee intends to redevelop the site with affordable housing. In order to extend the closing date the grantee paid the grantor an additional price premium of $15,000. L A 34 21-2618 - A Packet Pg. 347 LQ C - r ol,12rrd Sl PJ'Vr'42f1d 51 S�hy,4a ni.` St iavi 42r;d �l JA1 YJY,' 415t St Nw41stSt MIAMI ❑E IGM Pktv40111tlt DI$TRI�T PwE�Sth Ot11 St ,1D2 YJIM1' 34L°i 3! N5'! 39th 5'.i `JE 3!th SL rllia 3 Ci° t St N4 n'Lk s[ � NE 36th St NE 36th St z{ z} t�� �5th St 1+3bthSC a: LIE s J'z4;aisL AllapattahQ ¢ ? ry NE .Mth St B E V E R L Y 7 > D TERRACE ro - rp PJL°r 33rJ ':t ml 32r5 5 tali 2:.nd St - N� Mid Sr �' M S2n- St 3,ndit Al P1'AJ 3 . a S' l M 'L Nvd 31't`t YJL 1- .°.t N'131%t'31 a; ,y41Wlh Tun M 31_ ct O w� J 3LYth Sc p{yy 7Lllli Sl y r[eth SL r�a•y°i 3lllh St ��� LL YY 1 I'i YM Q LJ IJ . � . 'J+° L;. ; � th St I NW 29th St � NE29t� r: ..... _, _E >tE iS :: rti _ — f 28th St +,V 28t1, St r Nltk1t� ZT0.� v m = _' N'4h' 25Ltt St > N1°i lath St ++ < 'Am ok UJ Nvr 2th St hF'N zillh St rJV 2t!l4 Si Ur 24' f 24 L11 St r,t4il 23td SY NW 73rd St Z i a2rd S. O Pl +2nd 14 PrinLCt=rllrl PJF7and "' N gA y4V 213t TE�[Pace NUJ ' S -: •.,i :� �� O � Sant"a Clara 1 m NW 24th sty 2at11 St NW 20th St N4N 2{1th St t — 1'r PIE 19!h St ! Co • w d �Q a co G f CD 31 rie @ L .. LC 7 Q. uJ K lk- CIvl' CenterQ SU - ECT PROPE TY Q- s. Q y{{ TOWN SQUARE I HW141,S# r f 9 ? i ai� U I` �+ 1R'R ,-_ 3� _CF� 4A1os bb. ' TJV1 12r1 SS 1p C1 . Z O NJi 1 l-h. Terrace N CulrnerQ hk4V 1111t t pLo 6 lawitthst GVERTOWN P..� N � m ? M1LUO 1 tltt5 fat '>3co , K'40 � I CD z 1 0 m i °° SPRING GARDEN �p � b NVd Otf, si Historic Overtown, Ok' 1 E lav°'7t115t � Lyfi�Theatre t N 3t�� Hy�7thSt �jFriiamiCerLtral rJrJ5s: NWSSt ll�� j W89ner'Creek NW Sth St 'NW Skh St p El N Sth Q � r+i4V Sth St.IL II N ?4W 4,th t IN! t3Vr' add .``,t [ YJ1"i rd St z I COMPARABLE SALES LOCATION MAP 35 21-2618 — A Packet Pg. 348 2.7.a SUMMARY OF LAND SALES Sale No. Sale Date Location Square Feet Zoning Units Per Acre Price aLr S.F. Comments 1 December, 2020 925 N.W. 28 Street 6,500 T4-L 36 $33.85 Recent sale of a vacant lot. 2 November, 2020 1435 N.W. 29 Street 6,095 T4-0 36 $35.27 Recent sale of a T4-L zoned lot improved with an 84-year old house. 3 March, 2020 1175 N.W. 26 Street 5,000 T3-0 18 $31.80 One-year old sale. An older home was demolished by the purchaser and a two-story duplex has been built on the site. 4 October, 2019 1553 N.W. I Court 7,860 T3-0 18 $26.72 Seller was motivated to sell at this below market price. 5 September, 2019 1937 N.W. 3 Avenue 6,950 T3-0 18 $41.37 Improved with a 37-year old house that is generating interim rental income. 6 Aril, 2019 222 N.W. 17 Street 5,250 T5-L 65 $31.90 Vacant T5-L zoned vacant site. 7 March, 2019 219 N.W. 14 Terrace 5,250 T5-L 65 $38.09 Two year old sale of a T5-L zoned site with an 82-year old house that required demolition. 36 21-2618 — A M M M J LL E ca 2 0 U N Z 0 N 0 a> ns s L 3 a rn 00 rn 00 M N M L Q Q Qi F_ U N Z C N LO M 00 M 00 C a1 s �a a Packet Pg. 349 2.7.a D. Analysis of Sales and Value Conclusion The seven sales detailed earlier are summarized on the previous page. Prior to any adjustments, the sales indicate an overall price range of $26.72 to $41.37 per square foot of land. Each property was purchased anticipating future residential development. Four of the sale properties are located in the immediate subject neighborhood while three are located to the northwest. There does not appear to be a price/value difference between these two areas. Market/Sale Conditions Three of the sales closed in 2020 and four in 2019. This market has been improving during the last several years. The three most recent sales do not require adjustment but the four 2019 sales all require upward adjustment for market conditions. Sale Property 4 had been listed at an asking price of $47.71 per square foot. However, the seller, an off -shore owner in serious need of cash, agreed to sell this site at a confirmed below market price of $26.72 per square foot. As such, this sale requires additional upward adjustment for sale conditions. Site Developability Sale Properties 1, 4, and 6 were vacant at the time of sale. Numbers 2, 3, and 7 included old residential structures slated for demolition. A 37-year old house on No. 5 will eventually be demolished for redevelopment. However, in the interim this house provides rental income to offset carrying costs. The sale requires some downward adjustment. Zoning and Planning The subject site is zoned T3-0 which allows up to 18 units per acre. However, its land use designation is Multifamily, Medium Density which allows 65 units per acre. As such, it has some potential for more intense development if the land use designation can be changed. Sale Properties 4 and 5 both have the same zoning and land use designation as the subject so they do not require adjustment. Sale Property 3 is zoned the same as the subject but its land use designation would only allow 2.5 units per acre so there is no reason to anticipate a land use change. Some upward adjustment is necessary. Sales 1 and 2 have T4 zoning classifications which allow 36 units per acre. However, this land use designation only allows 2.5 units per acre so there is no potential to increase the presently allowable 36 per acre. The subject has a lower 37 21-2618 - A Packet Pg. 350 2.7a zoning density of 18 per acre but has the potential for 65 per acre per the land use designation. These factors offset so no adjustment is necessary. Sale Properties 6 and 7 are both zoned T5-L which allows 65 units per acre. Downward adjustment is necessary because these sites do not require a land use designation change to achieve this density. Value Conclusion The adjustments addressed above are summarized on the adjustment grid on the following page. As indicated, Sales 3 ($31.80/S.F.) and 4 ($26.72/S.F.) both require overall upward adjustment while No. 5 ($41.37/S.F.) requires overall downward adjustment. Sales 1 ($33.85/S.F.), 2 ($35.27/S.F.), 6 ($31.90/S.F.) and 7 ($38.09/S.F.) do not require any overall adjustment. Subject value is greater than the per square foot prices of Sales 3 and 4 ($31.80 and $26.72), less than No. 5 ($41.37) and within the range of Nos. 1, 2, 6, and 7 ($31.90 - $38.09). Giving consideration to all of the market data presented herein, the market value of the appraised property, as of February 25, 2021, is concluded to be $36.00 per square foot, or $317,000. 8,800 S.F. x $36.00/S.F. = $316,800 Rnd $317,000 38 21-2618 - A Packet Pg. 351 2.7.a ADJUSTMENT GRID Subject Pro ert Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 Sale 6 Sale 7 Site Size (S.F.) 8,800 6,500 6,095 5,000 7,860 6,950 5,250 5,250 Improvements at Sale None None 84-year old house No Value Old house Poor condition No Value None 37-year old house None Old house No Value Zoning T3-0 T4-L T4-0 T3-0 T3-0 T3-0 T5-L T5-L Land Use Plan Multi Family Medium Density Multi Family Low Density Single Family Low Density Single Family Low Density Multi Family Medium Density Multi Family Medium Density Medium Density Restricted Commercial Medium DensT Restricted Commercial Date of Sale $33.85 $35.27 $31.80 $26.72 $41.37 $31.90 $38.09 Price/S.F. Land Adjustments Market/Sale Conditions = _ _ + + + + Site Developability Zoning/ Planning = _ + Overall Adjustment = _ + 39 21-2618 — A M M M J LL E ca 2 0 U N z 0 N 0 a> ns s U L 3 a am 00 rn w 7a N M L Q Q Q� U z 0 N LO rn 00 CD 00 c a) E s �a a Packet Pg. 352 2.7.a VI. ASSUMPTIONS AND LIMITING CONDITIONS This appraisal report has been made with the following general assumptions: 1. No responsibility is assumed for the legal description or for matters including legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. 2. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated. 3. Responsible ownership and competent property management are assumed. 4. The information furnished by others is believed to be reliable and, whenever possible, it was cross checked with another source. However, no warranty is given for its accuracy. 5. All engineering is assumed to be correct. The plot plans, plats, maps, and illustrative material in this report are included only to assist the reader in visualizing the property. 6. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them. 7. It is assumed that there is full compliance with all applicable federal, state, and local environmental regulations and laws unless noncompliance is stated, defined, and considered in the appraisal report. 8. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, unless a nonconformity has been stated, defined, and considered in the appraisal report. 9. It is assumed that all required licenses, certificates of occupancy, consents, or other legislative or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 10. It is assumed that the utilization of the land and improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. 11. The existence of hazardous material, which may or may not be present on the property, was not observed by the appraisers. The appraisers have no knowledge of 40 21-2618 - A Packet Pg. 353 2.7.a the existence of such materials within or near the property. The appraisers, however, are not qualified to detect such substances. The presence of substances such as asbestos, urea -formaldehyde foam insulation or other potentially hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is no such material within or near the property that would cause a loss in value. No responsibility is assumed for any such conditions or for any expertise or engineering knowledge required to discover them. The client is urged to retain an expert in this field, if desired. 12. The appraisal is intended to comply with the appraisal requirements of the Code of Professional Ethics and Standards of Professional Conduct of the Appraisal Institute. This appraisal report has been made with the following general limiting conditions: 1. The distribution, if any, of the total valuation in this report between land and improvements applies only under the stated program of utilization. The separate allocations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. 2. Possession of this report, or a copy thereof, does not carry with it the right of publication. 3. The appraiser, by reason of this appraisal, is not required to give further consultation, testimony, or be in attendance in court with reference to the property in question unless arrangements have been previously made. 4. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected) shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. 5. Any value estimates provided in the report apply to the entire property, and any proration or division of the total into fractional interests will invalidate the value estimate, unless such proration or division of interests has been set forth in the report. 41 21-2618 - A Packet Pg. 354 2.7a VIL CERTIFICATION I certify that, to the best of our knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and is my personal, unbiased professional analyses, opinions, and conclusions. 3. I have no present or prospective interest in the property that is the subject of this report, and we have no personal interest or bias with respect to the parties involved. 4. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. 5. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. 6. Our analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice, the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute, and the requirements of the State of Florida for state -certified appraisers. 7. No one other than the undersigned provided significant assistance in the preparation of this appraisal report. 8. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 9. As of the date of this report, the undersigned has completed the requirements of the continuing education program of the Appraisal Institute. 10. The use of this report is subject to the requirements of the State of Florida relating to review by the Real Estate Appraisal Subcommittee of the Florida Real Estate Commission. 11. The undersigned has made a personal inspection of the property that is the subject of this report. 42 21-2618 - A Packet Pg. 355 2.7.a 12. I previously appraised this property as of June 23, 2019. I have performed no other services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three year period immediately preceding acceptance of this assignment. It is the opinion of the undersigned that the property described herein has the following market value as of February 25, 2021: $317,000 Digitally signed by EdwardN. Parker Edward DN: cn=Edward N. Parker, 0, oU, l=ira57301aol com, N. P a r ke r c—US Date: 2021.03.03 13:46:03 -05'00' Edward N. Parker, MAI State Certified General Appraiser No. RZ144 43 21-2618 — A Packet Pg. 356 2.7.a VIII. QUALIFICATIONS EDWARD N. PARKER, MAI Investors Research Associates, Inc. 5730 S.W. 74 Street, Suite 100 South Miami, Florida 33143-5381 Phone No.: (305) 665-3407 Fax No.: (305) 665-4921 Academic University of Alabama - B.S., Marketing University of Miami - M.B.A. Experience Mr. Parker began his career as a real estate consultant in 1972 with the Reinhold P. Wolff Economic Research Company in Coral Gables, Florida. As a staff analyst, he was responsible for the preparation of market feasibility studies, retail studies, economic use analyses, and site location studies. In 1974, Mr. Parker joined the Miami office of Real Estate Research Corporation (RERC), a wholly owned subsidiary of the First National Bank of Chicago. As a staff appraiser and analyst, Mr. Parker prepared appraisals of all types of income -producing properties located throughout the United States and the Caribbean. These valuations involved fee simple interest, leaseholds, partial interests, and going -concern valuations. He has also appraised a large number of special purpose properties including schools, marinas, resorts, and specialized manufacturing facilities. Mr. Parker's administrative responsibility at RERC included the coordination of the appraisal of the assets of two major Miami -based REITS during their orderly portfolio disposition. Mr. Parker also managed the annual ongoing portfolio appraisal of the properties comprising the First National Bank of Chicago commingled pension trust known as Fund F. In June, 1981, Mr. Parker joined Investors Research Associates, Inc. as a principal. The firm specializes in income property appraisals, highest and best use and market studies, as well as consultation services for major lending institutions, insurance companies, real estate syndicators, developers, pension funds and governmental agencies. Discounted cash flow and sensitivity analyses, as well as absorption studies are some of the services provided to clients. The firm has successfully completed a number of very complex valuation assignments involving environmentally sensitive wetlands including offshore island properties for private and public clients. Agricultural properties including row crop land, groves, and tree nurseries are another specialty. Mr. Parker's experience includes condemnation appraisals for both public and private clients. The public client list includes the Florida Department of Transportation, South Florida Water Management District, National Park Service, U.S. Department of Justice, Dade County HUD, Dade County Department of Facilities Management, and Miami -Dade Water and Sewer Department. Property types appraised for condemnation purposes include office buildings, retail stores, restaurants, service stations, banks, churches, apartments, vacant sites, agricultural (crop land and tropical fruit groves), and environmentally sensitive wetlands. Mr. Parker has qualified as an expert witness in Dade, Broward, Monroe and Duval County Circuit Courts, U.S. District Court, and U.S. Bankruptcy Court. He is also currently certified under the continuing education program conducted by the Appraisal Institute. Affiliations Member of the Appraisal Institute - MAI Licensed Real Estate Broker - State of Florida State Certified General Appraiser-0000144 44 21-2618 — A Packet Pg. 357 Address Owner Name Folio SEARCH: 1520 nw 1st court Back to Search Results PROPERTY INFORMATION Folio: 01-3125-048-1440 Sub -Division: WADDELLS ADDN Property Address 1520 NW 1 CT Owner DAMODAR S AIRAN Mailing Address 9310 SW 71 AVE MIAMI. FL 33156 PA Primary Zone 5700 DUPLEXES - GENERAL Primary Land Use 0081 VACANT RESIDENTIAL: VACANT LAND Beds / Baths / Half Floors Living Units Actual Area 0/0/0 0 0 0 M r M M J U. E M 2 r L O V N r i VA N N O 2 a 0 00 c, 00 Packet Pg. 358 2.7.b Living Area 0 Adjusted Area 0 Lot Size 8,800 Sq.Ft .-. CD M Year Built 0 r M J LL Map View Lay m i 4'u -v. I - X tl U r — r N T Alp 0 P Vi 00 01 v a I J v CL L W CD II ' a -r Z Ism — N i 00 00 Featured Online Tools t u Comparable Sales Glossary Q PA Additional Online Tools Property Record Cards Property Search Help Property Taxes Report Discrepancies Report Homestead Fraud Packet Pg. 359 2.7.b Special Taxing Districts and Other Non -Ad valorem Assessments Tax Estimator Value Adjustment Board ASSESSMENT INFORMATION Year Land Value Building Value Extra Feature Value Market Value Assessed Value TAXABLE VALUE INFORMATION COUNTY Exemption Value Taxable Value SCHOOLBOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value Tax Comparison TRIM Notice 2020 $379,379 $0 $0 $379,379 $51,426 2020 $0 $51,426 $0 $379,379 $0 $51,426 $0 $51,426 BENEFITS INFORMATION Benefit Type 2020 Non -Homestead Cap Assessment Reduction $327,953 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). FULL LEGAL DESCRIPTION 2019 $303,653 $0 $0 $303,653 $46,751 2019 $0 $46,751 $0 $303,653 $0 $46,751 $0 $46,751 2019 2018 s c $256,902 $353,372 £ Packet Pg. 360 2.7.b 25 36 53 41 WADDELLS ADD PB B-53 LOT 8 & LOT 9 LESS S 32FT BLK 37 LOT SIZE 88.000 X 100 OR 23021-3931 0105 3 SALES INFORMATION Previous Sale Price OR Book -Page Qualification Description 10/01/1998 $0 18311-3714 Sales which are disqualified as a result of examination of the deed 08/01/1998 $0 18246-3532 Sales which are disqualified as a result of examination of the deed 05/01/1998 $0 18246-3531 Sales which are disqualified as a result of examination of the deed 06/01/1997 $0 17708-3773 Sales which are disqualified as a result of examination of the deed For more information about the Department of Revenue's Sales Qualification Codes. 2020 2019 2018 LAND INFORMATION Land Use Muni Zone GENERAL T30 BUILDING INFORMATION Building Number Sub Area EXTRA FEATURES Description PA Zone 5700 - DUPLEXES - GENERAL Year Built Actual Sq.Ft. Year Built Unit Type Front Ft. Living Sq.Ft. M r M M J U. E O U r to r Z 0 N N r w O d to t u L a CD W M 00 Units Calc Value 88.00 $379,379 , Adj Sq.Ft. Calc Value I I Units Calc Value ' ADDITIONAL INFORMATION The information listed below is not derived from the Property Appraiser's Office records. It is provided for convenience and is derived from other government agencies. Packet Pg. 361 2.7.b LAND USE AND RESTRICTIONS Community Development District: NONE Community Redevelopment Area: OMNI Empowerment Zone: NORTH CENTRAL Enterprise Zone: CENTRAL Urban Development: INSIDE URBAN DEVELOPMENT BOUNDARY Zoning Code: T3-0 - Existing Land Use: 804 - VACANT, NON -PROTECTED, PRIVATELY -OWNED. Government Agencies and Community Services OTHER GOVERNMENTAL JURISDICTIONS Business Incentives Childrens Trust City of Miami Environmental Considerations Florida Inland Navigation District PA Bulletin Board Special Taxing District and Other Non -Ad valorem Assessment School Board South Florida Water Mgmt District Tax Collector The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. - Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.as For inquiries and suggestions email us at http://www.miamidade.gov/PAPortal/ContactForm/ContactFormMain.aspx. Version: 2.0.3 EXEMPTIONS & BENEFITS Deployed Military Disability Exemptions Homestead Institutional M M M J LL E m r L 7 O U r N r Z 0 N N T W O d uJ 0s t u L a 0 00 c, 00 Packet Pg. 362 2.7.b Senior Citizens M More > M M J U. REAL ESTATE E M 2 L 40 Yr Building M 0 Re -Certification V r N r Appealing Your Assessment ?� Z 0 Defective Drywall N T W Folio Numbers 0 d W Mortgage Fraud L a TANGIBLE PERSONAL PROPERTY Appealing your Assessment Assessment Information Search Exemptions Extension Requests Filing Returns PUBLIC RECORDS Address Blocking Change of Name 0) 00 More > pc) More > Packet Pg. 363 2.7.b Change of Address Change of Ownership & Title Declaration of Condominium ONLINE TOOLS Property Search Property Sales Tax Estimator Tax Comparison Homestead Exemption and Portability TAX ROLL ADMINISTRATION Appealing your Assessment Reports M r M M J LL More > m r L 0 U r N r z 0 N N T W 0 0) U) 0s t u a 0 00 c, 00 More > More > Packet Pg. 364 2.7.c Omni CRA February 17, 2021, Damodar Airan 9310SW71Ave, Miami, Florida 33156 RE: Propertv Address —1520 NW I" Court. Miami, FL 33136 1 Folio No.: 01-3125-048-1440) Dear Mr. Airan: The Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") is interested in purchasing your listing located at the above referenced address. If the Seller is interested in discussing this matter further, the Omni CRA kindly requests that you provide written confirmation of your Seller's willingness to pursue a possible sale subject to the following conditions: 1. The Omni CRA will obtain, at Omni CRA's expense, a written appraisal from a Florida State -Certified appraiser, stating that the appraised value of the above referenced property is at least $400,000.00; 2. A Phase I Environmental Site Assessment (and/or a Phase H Environmental Assessment if deemed necessary); 3. Seller shall clear all the title issues prior to closing; 4. Seller shall vacate any and all tenants at Seller's sole cost and expense prior to closing; 5. The transaction shall be a cash purchase with no financing conditions; 6. Purchase shall be subject to Omni CRA Board approval. This letter constitutes the Omni CRA's willingness to proceed and to negotiate a mutually acceptable formal Purchase Agreement. It is understood that no legal rights or obligations shall arise by virtue of this Letter of Intent, and neither party shall be bound by the terms hereof, unless and until the execution and delivery of a formal, written Purchase Agreement for the subject property has been mutually executed and delivered by duly authorized representatives of both parties. If the Seller is interested in selling the above referenced property and would like us to further explain the CRA's process for purchase of properties, please contact Jason Walker, Executive Director of Omni CRA at (305) 679-6868 or email jwalker(a miamiaov.com. Sincerely, Jason I lker, Execuhve Director cc: Anthony Balzebre, Assistant Director Omni Community Redevelopment Agency Alex Diaz De La Portilla, Chairman Jason Walker, F,xecutive Director 1401 N. Miami Ave. Miami, FL 33136 • www.omiricra.com 305.679,6868 Packet Pg. 365 -Lrcci.r .LrLL w"Ll W 1.9th-StNW 1.8th-St � I I 2 - i �tl-' ten' N"p � �_• 3 ix .r �,,i J z NE-17h T 1e,rae ew r.r rygt e y a NW 17th-St u NE-1-7th-St I a ' NW-1Terrace Y rl ,, i �p ` I yr1!!!"'���" NE P6tu=Sf „fit w'JI arr°° NW-16th'Stro 1 r r _ NE 15th Terrace I r 1520 NW 1 st Ct ;.r Z z — N 1 t -ENE I5th St - ® r z � � "" •"' __� '� r� NL-14llr4.errace CNi1.4;th Terrace t. n NE th- N 41.4th-St . l TUr,ace - 95 .. z *T aoQrthw: l NE 11�h St e ` WV-4th•Ave NW 1zU�-St a,ras wa . I W►. ^� '� �•.� t �-. + I� �. �~ • Mac►;r h+r C►auseWaY _r�i� ,:. i ' ' 4 y,y ,•• NE 114�Terra, + Nw 14thtlst E z • oogl NE Earth r -104 t r261a:o-M �- .10 Urt� 2.8 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell Date: October 19, 2021 File: 10942 and Members of the CRA Board Subject:2022 Purple Shirts Program Pro.-- Jason Walker Enclosures: Executive Director It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the continuation of the Omni CRA's Purple Shirts program and providing for additional funding to the DDA for program expansion in the Omni Redevelopment Area for fiscal year 2021-2022. -T_T97:(r1:Tell] Ll I a] The CRA Board of Commissioners on June 30th, 2008, adopted and authorized the issuance of a grant to the Downtown Development Authority (DDA) for expansion of the Downtown Enhancement Team Program into the Media & Entertainment District in the Omni Redevelopment areas. The CRA Board of Commissioners also passed and adopted on December 1, 2016, CRA-R-16- 0057 as well as on January 17th, 2018, CRA-R-18-0007; and on September 12, 2018, CRA-R- 18-0036; and on October 30th, 2019, CRA-R-19-0042 authorizing the issuance of a grant to the Downtown Development Authority (DDA) for expansion of the Downtown Enhancement Team Program into the Omni CRA area now fully established as the Purple Shirts Program. The program has been remarkably successful since inception. The program has been providing skills training and employment for a number of residents in the area and has significantly helped in cleaning up the area. As a result of the program's success, it is recommended that the program be continued for fiscal year 2021-2022 with additional funding in the amount of $300,000.00. JUSTIFICATION: Section 4.4, B., D-5, at page 41 of the Plan, Section 4.4, C., D-1, at page 41 of the Plan, and Section 4.4, D., A-2, at page 42 of the Plan, respectively lists providing employment opportunities and upward job mobility for residents, maximizing conditions for residents to live in the area, and the elimination of conditions which contribute to blight as stated redevelopment objectives. This program substantially fulfills these requirements. Packet Pg. 367 2.8 FUNDING: $300,000.00 allocated from OMNI 2021-2022 Tax Increment Fund Budget line item 27. City of Miami Page 2 of 4 File ID: 10942 (Revision:) Printed On: 1011912021 Packet Pg. 368 City of Miami Omni Legislation C R A OMNI CRA Resolution File Number: 10942 2.8 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ISSUING A GRANT FROM 2021-2022 OMNI TAX INCREMENT BUDGET LINE ITEM 16 IN AN AMOUNT NOT TO EXCEED $300,000.00 TO THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA TO EXPAND THE DOWNTOWN ENHANCEMENT TEAM INTO THE CRA'S REDEVELOPMENT AREA FOR AN ADDITIONAL PERIOD OF ONE (1) YEAR ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the CRA's 2010 Redevelopment Plan ("Plan"); and WHEREAS, Section 4.4, B., D-5, at page 41 of the Plan; Section 4.4, C., D-1, at page 41 of the Plan; and Section 4.4, D., A-2, at page 42 of the Plan respectively list providing employment opportunities and upward job mobility for residents, maximizing conditions for residents to live in the area, and the elimination of conditions which contribute to blight as stated redevelopment objectives; and WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida ("DDA") sponsors the Downtown Enhancement Team ("Yellow Shirts") within the boundaries of the Downtown District, which transitions formerly homeless individuals into the workforce while keeping the Downtown District beautiful; and WHEREAS, the Board of Commissioners of the CRA ("Board") previously adopted Resolution Nos. CRA-R-16-0057, CRA-R-18-0007, CRA-R-18-0036, and CRA-R-19-0042 funding the expansion of the Yellow Shirts into the CRA's Redevelopment Area ("Purple Shirts"); and WHEREAS, the Purple Shirts has proved to be substantially successful in achieving the objectives of the Plan by providing training, jobs, and elimination of the slum and blighted conditions in the Redevelopment Area; and WHEREAS, the Board would like to further extend the Purple Shirts for an additional one (1) year period; and WHEREAS, the Board wishes to allocate grant funds in an amount not to exceed $300,000.00 to the DDA for the Purple Shirts for an additional period of one (1) year and allocate funds from CRA 2021-2022 Tax Increment Fund Budget Line item 16; and WHEREAS, the Executive Director is requesting authority from the Board to negotiate and execute any and all documents necessary to effectuate the Purple Shirts, all in forms acceptable to the General Counsel; City of Miami Page 3 of 4 File ID: 10942 (Revision:) Printed On: 1011912021 Packet Pg. 369 2.8 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The Executive Director is authorized to allocate grant funds from Omni Tax Increment Fund 2021-2022 Budget Line Item 16 in an amount not to exceed $300,000.00 to the DDA to expand the Purple Shirts into the Redevelopment Area for an additional period of one (1) year. Section 3. The Executive Director is authorized to negotiate and execute any and all other documents necessary to effectuate the Purple Shirts, all in forms acceptable to the General Counsel. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 10942 (Revision:) Printed On: 1011912021 Packet Pg. 370 2.9 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Pro.-- Jason Walker Executive Director Date: October 19, 2021 10943 Subject: Open Space Initiative Program Enclosures: 10943 2021 Open Space Improvement Grant Application It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the creation of the Omni CRA's Open Space Program and providing for funding for new program initiatives regarding the activation of privately owned vacant property located within the Omni Redevelopment Area for fiscal year 2021-2022. -T_T97:(r1:Tell] Ll I a] In 2016 The Omni CRA converted 7 acres of FDOT-owned land to a temporary park that allowed residents in nearby buildings to have a green space. The conversion of the FDOT property was a beneficial activity, and attracted many visitors to the neighborhood. In 2020 the Omni CRA awarded grant money to the Nite Owl Drive In which provided a safe and healthy option for families and individuals to enjoy a movie during the COVID-19 Pandemic. This program aims to facilitate such neighborhood activations. The objective of the new initiatives, as part of the Open Space Program is intended to assist vacant property owners with activation and permitting of underutilized, vacant, or blighted properties within the CRA. JUSTIFICATION: Page 4-41 of the CRA's Redevelopment Plan states as follows: "The CRA should look to fund upgrades to and encourage additional programing in other existing parks and green spaces in the district where such improvements will enhance the ability of residents and visitors to enjoy the outdoors and/or to undertake recreational activities" and that "the need for open space will exceed the supply in existing parks and greenspaces therefore, the CRA should look for other opportunities ... for small parks and open spaces." FUNDING: Funding in the amount of $1,000,000.00 to be allocated from OMNI 2021-2022 Tax Increment Fund Budget line item 26. Packet Pg. 371 0 2.9 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10943 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING AN OPEN SPACE IMPROVEMENT PROGRAM FOR THE PURPOSES OF ELIMINATING SLUM AND BLIGHT IN THE CRA'S REDEVELOPMENT AREA ("PROGRAM"); ALLOCATING ONE MILLION DOLLARS ($1,000,000.00) FOR THE PROGRAM; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, AS A GRANT TO BUSINESS ENTITIES OR AS A REIMBURSEMENT LOAN TO BUSINESS ENTITIES OR DIRECTLY TO VENDORS UPON PRESENTATION OF INVOICES AND/ OR SATISFACTORY DOCUMENTATION TO QUALIFYING BUSINESSES, SUBJECT TO THE AVAILABILITY OF FUNDS. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the CRA's Redevelopment Area ("Area") in accordance with the Amended 2019 Omni CRA Redevelopment Plan ("Plan") in an effort to eliminate slum and blight within the Area; and WHEREAS, pages 4-46 of the Plan authorize the CRA to engage in the "encouragement of small business opportunities in the redevelopment area"; and WHEREAS, pages 4-41 of the Plan state "The CRA should look to fund upgrades to and encourage additional programing in other existing parks and green spaces in the district where such improvements will enhance the ability of residents and visitors to enjoy the outdoors and/or to undertake recreational activities;" and WHEREAS, pages 4-41 of the Plan states that "the need for open space will exceed the supply in existing parks and greenspaces therefore, the CRA should look for other opportunities ... for small parks and open spaces;" and WHEREAS, the Board of Commissioners of the CRA has previously allocated funds to projects that activate and improve underutilized or vacant land and improve the quality of life within the Area; and WHEREAS, similar projects have been successful and have accomplished the goals and objectives of the Plan in the past; and WHEREAS, the Board of Commissioners wishes to allocate $1,000,000.00 to fund an Open Space Improvement Program ("Program") to further remove blight and improve quality of life in the Area; and WHEREAS, funds are available from 2021-2022 Omni Tax Increment Fund Budget line item 26 for the Program; and WHEREAS, the Executive Director is requesting authority to disburse funds from the Program to eligible participants as a either a grant or as a reimbursable loan or directly to City of Miami Page 2 of 3 File ID: 10943 (Revision:) Printed On: 1011912021 Packet Pg. 372 2.9 vendors upon presentation of invoices and satisfactory documentation without the need for further approval from the Board of Commissioners; and WHEREAS, the funding of the Program is consistent with both Part III, Chapter 163, Florida Statutes, and the Plan and further serves both a municipal and public purpose; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference hereto and incorporated herein as if fully set forth in this Section. Section 2. The Program is hereby established with funds in the amount of $1,00,000.00 allocated from 2021-2022 Omni Tax Increment Fund Budget line item 26. Section 3. The Executive Director is authorized to disburse funds, at his discretion, as either a grant or as a reimbursable loan either directly to eligible participants or directly to vendors upon presentation of invoices and satisfactory documentation without the need for further approval from the Board of Commissioners. Section 4. The Executive Director is authorized to negotiate and execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel. Section 5. This Resolution shall become effective immediately. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 3 of 3 File ID: 10943 (Revision:) Printed On: 1011912021 Packet Pg. 373 2.9.a Omni C R A 2021 CRA Open Space Improvement Program Program Guidelines • Procedures • Application Program Description The Omni CRA Open Space Improvement Program assists qualified business or property owners with building and property improvements that are directly related to the improvement of underutilized, vacant or blighted property, increasing public access to active and passive green spaces, leasing and temporary activation of undeveloped land, assisting with ADA access, permitting, electrical and plumbing infrastructure on site and eliminating blighting neighborhood conditions in the targeted areas of the Omni CRA. Open Space Improvement funds may be used for improvements to properties that are not eligible for grant funding from other sources available in the area, or to supplement grant funds awarded by other agencies. Funds may not cross Omni CRA District Boundaries and are targeted at specific areas in the Omni CRA Redevelopment Area. This program is a match assistance program requiring a 20% match from the property or business owner. The program has an annual project cap of $300,000. In addition to the required private match, the grant recipient is responsible for all project costs that exceed $300,000 provided by the CRA. The CRA may recommend and approve funding at a lesser amount than requested. Awards are given subject to the availability of funds and based on priorities outlined below. Funds from this program are paid on a reimbursement basis or directly to the contractors performing the work upon the provision of satisfactory invoices to the CRA. All Grantees requesting grant funding must have at least three estimates from different Florida licensed general contractors for each trade in the scope of work. If the Director deems it necessary for the completion of the project he may choose to waive the match requirement. Program Areas and Priorities: While areas of the Omni CRA have benefitted from recent development and other improvements, vacant lots, underutilized parking lots, and large undeveloped assemblies contribute to a sense of blight and a general aesthetic that is not conducive for residents or businesses to thrive in the community. The COVID- 19 Pandemic has made outdoor space more sought after than ever in the Omni CRA. The increase in housing density of new residents and businesses in the neighborhood as well as the large number of buildings permitting dogs makes it a high priority to provide places for these people and animals to recreate and exercise outdoors. The Omni CRA has prioritized improvements to properties within the limits of the boundaries of the entire E Omni CRA district (see map). �a In the Omni CRA, priorities include projects that can use CRA funds to leverage other public and private a investments and activate new recreational and outdoor businesses in distressed and developing areas. A lease should be signed that will allow improvements to exist for Funds will be guaranteed by lien, mortgage or deed covenant tied to the property. All work must meet local neighborhood building/appearance codes and performed with applicable permits and inspections. Packet Pg. 374 2.9.a Eligibility: These funds are usually not made for routine maintenance and should be part of a larger scope of improvements to the property or area. Any improvements should allow the public to access the open space insofar as possible. Properties which receive Open Space Improvement funds to create open air commercial activity such as outdoor markets should create one full-time or equivalent job for every $50,000 in awarded grant funds. Cmmnletinn: All construction shall be completed within a 10-month period from the date of the first disbursal. Extensions beyond the 10-month completion date can only be made with the approval of the CRA Director. Such approval shall be in writing and noticed to all parties. roject rroceaures: CRA= CRA Staff; CNTR = Contractor; PROP = Property Owner; TNT = Tenant A) Application Process CRA meets with Tenant and/or Property Owner, verifies that the property is an eligible address and that the tenant and the improvements meet basic criteria for the CRA Open Space Improvement Program. 1. Review Tenant Business Model — CRA 2. Review Improvement Activities funded by the program (Eligible Activities List) — CRA, TNT, PROP 3. Eligible Scope of Work and Budget is Prepared — CRA, TNT, PROP 4. Tenant and Property Owner prepare Application, attach Scope and Budget —TNT, PROP 5. BEFORE pictures are taken — TNT 6. Application is reviewed — CRA 7. Letter of Grant Award or denial is sent to Property Owner and/or tenant — CRA B) Contract Process A Contract outlining all conditions of receiving the grant, scope of work and all insurance requirements. Additional documents such as sub -contractor lists (for release of lien) and Work Authorization Form are used for project monitoring. 1. Tenant or Property Owner secures pricing (3 bids) and selects contractor — TNT, PROP & CRA 2. Tenant submits contractor list and copies of estimates to CRA—TNT 3. CRA Prepares Contract with Scope of Work as exhibit — CRA 4. Insurance requirements are documented and approved —TNT, CNTR, SUBS 5. Contract is executed — CRA, TNT, CNTR 6. Work Authorization Form is executed — CRA, TNT, PROP 7. CRA may give 30% to the Contractor to begin the work (This amount is subject to the discretion of the CRA and may be amended) 8. Permits are pulled and work begins — TNT, CNTR 9. CRA monitors progress — CRA C) Project Completion Contractors are paid after all liens are released, the building permit is closed s and a final invoice is submitted. 1. AFTER Pictures are Taken — TNT Q 2. Release of Lien letter for each contractor is obtained — TNT, CNTR 3. Closed Permit Report submitted —TNT, CNTR 4. Final Invoice Submitted for payment— CNTR 5. CRA makes the final payment to the Contractor Payment (2-4 weeks) — CRA 2021 Omni CRA Open Space Improvement Program Packet Pg. 375 2.9.a Eligible Improvements: The general rule of thumb for improvements is that the improvement should remain with the property or surrounding area. Where special cases arise, the CRA staff will render a decision. Grant funds cannot be used for Fixtures, Furniture, or Inventory. Generally acceptable improvements include but is not limited to: • Lease payments (in certain limited circumstances) • Permit fees • Painting/Pressure Cleaning • Signage • Outdoor Hardscape Improvements (Fountains, Walkways, Pavers, Fencing, etc.) • Concrete Pads for vending • Landscaping, including tree planting • Lighting • ADA Compliance (Restrooms/Entrances) • Plumbing • Irrigation • Electrical • Other Life/Safety Requirements Contractor Requirements: All Contractors, working in the CRA Open Space Improvement Program including Painters, Awning Companies, Shutter Companies, and Sign Companies must provide copies of the following documents when providing an estimate/bid for the project: 1. Contractor Certificate of Competency or License 2. Contractor's Current Liability Insurance Certificate and Workers Compensation Certificate. If exempt from Workers Comp Contractor must provide copy of exemption for each employee that will be working. NOTE: If awarded a contract, both insurances must have the CRA as the Certificate Holder with the address: 1401 N. Miami Ave., Miami FL 33136 and the Liability insurance MUST have the CRA as additional insured 3. Contractor and Manufacturer's Warranty (if applicable) 4. Building permit, Special Permit or Certificate of Compliance (except paint jobs) 5. Release of Lien (provided by CRA or Property Owner or Tenant) NOTARIZED Recipient will post and maintain in good condition a sign substantially similar to the sign hereto at the entrance of the Premises from the Effective Date (as defined herein) until termination of the improvement. 2021 Omni CRA Open Space Improvement Program Packet Pg. 376 2.9.a CRA Open Space Improvement Application Applicant Business Name Contact Name Mailing Address Telephone Email Lproperty ownership and Corporation Information Corporation Name Mailing Address Corporation Officers & Titles Date & State of Incorporation Tax ID# Project Location: Scope Project Address Folio# Total Sq. Ft. Existing use? Description of the property Grant narrative, including Scope of Work for entire project. (Attach separately if needed) Estimated Costs for entire project Estimated Start Date Estimated Completion Date 2 2021 Omni CRA Open Space Improvement Program Packet Pg. 377 2.9.a Scope of CRA-Funding Request Description of Item Estimated Cost 1. 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6. 7. 7. 8. 8. 9. 9. 10. 10. TOTAL As a current business owner in this community or a business seeking to improve business in this community, 1 wish to participate in the OMNI CRA OPEN SPACE IMPROVEMENT PROGRAM. I acknowledge that I have received a copy of the Program Procedures and will comply with all requirements should I be awarded a grant. Sign / Print Name of Tenant Date I acknowledge that Tenant, is seeking assistance using the OMNI CRA OPEN SPACE IMPROVEMENT PROGRAM and that the general terms of their lease conform to the terms above. Should the applicant win a grant award, I understand that funds will be used to make improvements to my property. Sign / Print Name of Property Owner Date E a� 0 L a m ca d �a a c aD a M le O O c 0 Q Q. a ,L^ V E d 0 L a E m U �a a c d a O N O N M rn 0 T rt+ E t U �a Q 2021 Omni CRA Open Space Improvement Program Packet Pg. 378 2.10 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director Date: October 19, 2021 10944 Subject: Residential Rehab 40-Year Certification Program Enclosures: 10944 FHFC-Capital Needs Assessment Guide 10944 2021 40-Year Assessment and Rehab Grant Application 10944 Procedure for Awarding Omni CRA 40-Year Grants It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the continuation of the Omni CRA's 40-Year Assessment & Rehab Program and providing for funding for this new program in the Omni Redevelopment Area for fiscal year 2021-2022. BACKGROUND: This program is intended to assist small and mid -size building owners in conducting a thorough assessment of their older property, including structural, electrical and plumbing trades, conducting capital needs assessments, as well as creating as -built drawings to aid in obtaining cost estimates for necessary repairs, if needed. If deficiencies are found in the building, the owner will be able to apply for grant assistance in rectifying those deficiencies. JUSTIFICATION: Section 4-33 of the 2019 Amendment to the Omni CRA Redevelopment Plan reaffirms the importance of the preservation of housing to the economic vitality of the CRA. The Plan recommends "Creation of a CRA program to provide assistance to repair, maintain, and upgrade homes to maintain the livability of the housing unit; Assistance for emergency repairs (i.e. roof, or plumbing emergencies); Assistance for compliance with City code upon receipt of a notice/citation from the City; Assistance to install energy efficiency upgrades that would reduce monthly and annual bills related to living in the home," and that the CRA could "grant funds to assist in rehabilitation of an existing housing project." FUNDING: Funding in the amount of $800,000.00 to be allocated from OMNI 2021-2022 Tax Increment Fund Budget line item 31. Packet Pg. 379 �0 2.10 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10944 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING A 40-YEAR ASSESSMENT AND REHAB GRANT PROGRAM FOR THE PURPOSES OF PROPERTY IMPROVEMENT AND THE ELIMINATION OF SLUM AND BLIGHT WITHIN THE CRA'S REDEVELOPMENT AREA ("PROGRAM"); ALLOCATING FUNDING IN THE AMOUNT OF EIGHT HUNDRED THOUSAND DOLLARS ($800,000.00) FOR THE PROGRAM; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, AS A GRANT TO PROPERTY OWNERS OR AS A REIMBURSEMENT LOAN TO PROPERTY OWNERS OR DIRECTLY TO VENDORS UPON PRESENTATION OF INVOICES AND/ OR SATISFACTORY DOCUMENTATION TO QUALIFYING BUSINESSES, SUBJECT TO THE AVAILABILITY OF FUNDS. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, page 4-33 of the 2019 Amendment to the CRA's Redevelopment Plan ("Plan") reaffirms the importance of the preservation of housing to the economic vitality of the CRA and recommends "Creation of a CRA program to provide assistance to repair, maintain, and upgrade homes to maintain the livability of the housing unit; Assistance for emergency repairs (i.e. roof, or plumbing emergencies); Assistance for compliance with City code upon receipt of a notice/citation from the City; Assistance to install energy efficiency upgrades that would reduce monthly and annual bills related to living in the home"; and WHEREAS, page 4-33 of the Plan states "to assist for -profit housing providers in the CRA could ... Grant funds to assist in rehabilitation of an existing housing project;" and WHEREAS, the Board of Commissioners of the CRA has previously allocated funds to programs that rehabilitate facades, small business improvements, and improvements to the quality of life within the CRA's Redevelopment Area; and WHEREAS, these programs have been successful and have accomplished the goals and objectives of the Plan; and WHEREAS, the Board of Commissioners wishes to allocate an additional $800,000.00 to a 40-Year Assessment and Rehab Program ("Program"); and WHEREAS, funds are available from 2021-2022 Omni Tax Increment Fund Budget line item 31 for the Program; and WHEREAS, the Executive Director is requesting authority to disburse funds from the Program to eligible participants as either a grant or as a reimbursable loan either to business entities or directly to vendors upon presentation of invoices and satisfactory documentation without the need for further approval from the Board of Commissioners; City of Miami Page 2 of 3 File ID: 10944 (Revision:) Printed On: 1011912021 Packet Pg. 380 2.10 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. The Program is hereby established with funds in the amount of $800,000.00 allocated from 2021-2022 Omni Tax Increment Fund Budget line item 31. Section 3. The Executive Director is authorized to disburse funds, at his discretion, as either a grant or as a reimbursable loan either directly to business entities or directly to vendors upon presentation of invoices and satisfactory documentation to qualifying businesses. Section 4. The Executive Director is authorized to negotiate and execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel. Section 5. This Resolution shall become effective immediately. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 3 of 3 File ID: 10944 (Revision:) Printed On: 1011912021 Packet Pg. 381 2.10.a ws mokehousingaffix& bla Florida'Housinq q n o C p n r o I r n Florida Housing Finance Corporation Capital Needs Assessment Guide 1. Introduction 1.1. Purpose. This Guide provides the CNA Provider with the requirements for all asset classes of multifamily properties and prescribes a standardized format for the CNA Report detailing findings and opinions of the assessment. The CNA Provider is responsible for using its best professional judgment in determining whether additional Property Components beyond those specified in this Guide should be assessed and included in the CNA Report. 1.2. Capital Needs Assessment Description. The Capital Needs Assessment (CNA) is a comprehensive evaluation of the overall physical condition of a multifamily residential Property at a specific point in time, and anticipated capital expenditures required at the Property over a specified Evaluation Period. The CNA will provide: - An assessment of the Property's current physical condition, including identification of Physical Deficiencies; - An estimate of the Effective Age and the Remaining Useful Life of each of the Property's Systems and Components; - An evaluation of past and current operating and maintenance practices at the Property, and suggestions for future operating and maintenance practices; and - An identification of current and future physical needs, including all significant capital replacement and maintenance costs that are anticipated at the Property. - An assessment of Physical and/or design Deficiencies pursuant to the RFA requirements, and accessibility requirements of the ADA, Section 504/UFAS, and Florida Building Code, Accessibility. 1.3. CNA Components. The CNA should have three components: - Due Diligence Activities - Physical Inspection and Observations - Capital Needs Assessment Report Detailed requirements of each component are described in the subsections below. 1.4. Deliverables. The principal deliverable is the CNA Report, which forms the basis of the project's scope of rehabilitation or renovation work. The CNA Report will include exhibits and supplemental information, photographs, and documentation obtained during the course of the assessment that supports the CNA Provider's findings and recommendations. After the inspection and evaluation is complete, the CNA Provider will deliver a CNA Report to the Credit Underwriter and Florida Housing Rev. 12-07-2018 Packet Pg. 382 2.10.a Finance Corporation (the "Corporation" or "FHFC"). The CNA Provider must provide a Summary Opinion in the Introduction of the CNA Report stating whether the proposed development can or cannot meet the RFA Construction Features Requirements. If the CNA Provider's opinion states that the proposed Development cannot meet the requirements, the CNA Provider must then state which specific parameters prohibit the development from meeting the requirements. 1.5. Scope of Work/ Enhanced Due Diligence. Unless indicated otherwise, the site visit will be a visual and non-invasive inspection of observable and accessible areas of the Subject Property by the Field Observer. The CNA Provider will be responsible for confirmation of the measurements required to comply with the construction features, and to document existing conditions that present Physical Deficiencies in the dwelling units and elsewhere on the property, as applicable, that would prohibit compliance with the Corporation's requirements. - The CNA Provider is not required to provide Opinions of Costs to remedy Physical Deficiencies that may require the opinions of Specialty Consultants, or that may require additional testing, intrusive observations, exploratory probing, or further research to determine the cause of the Physical Deficiency and the Suggested Remedy, scope, and scheme for repair or replacement, unless specifically indicated in the services agreement with the CNA Provider. Not a professional Architectural or Engineering service —By undertaking the CNA and associated report, neither the CNA Provider nor any of its staff including the CNA Consultant, Field Observer, or the CNA Reviewer, is to be considered practicing Architecture or Engineering. Furthermore, it is not a requirement that the CNA Reviewer or the Field Observer, if they are an Architect or Engineer, sign or seal the CNA Report as an instrument of professional service. 1.7 Terminology and Definitions. All words and acronyms that are defined in Appendix L— Definitions, Abbreviations and Acronyms are capitalized in this Guide and associated appendices_ 2. Schedule Requirements 2.1. Whenever a CNA is required by an RFA, it will be ordered by the Credit Underwriter within seven calendar days of receiving the credit underwriting fee(s) and CNA fee. The choice of the CNA Provider will be made by the Credit Underwriter, and must be chosen from the Corporation's approved list of qualified CNA Providers (if applicable at the time the CNA is ordered). 2.2. Once the CNA has been ordered, the CNA Provider will need to contact the Applicant to obtain basic information regarding the current physical condition of the Subject Property. The Applicant (or designee) will be expected to answer the CNA Provider's request for information and to provide original construction plans (if available) and a history of major repair expenditures covering at least the most recent five years, at least one week prior to a physical inspection. The CNA Provider is expected to perform a physical inspection of the Subject Property within 30 days from the ordering of the CNA, and should also provide notice of this inspection to the Applicant, Credit Underwriter, and the Corporation so that they may attend. Rev. 12-07-2018 Packet Pg. 383 2.10.a 3. CNA Components 3.1. Due Diligence Activities 3.1.1 Objective. The objective of the document review and interviews is to augment the physical inspection and to help the CNA Consultant to understand the Subject Property, evaluate its past and current operations and performance, and identify any Physical Deficiencies. - Building Department records, Fire Department records or documents that are readily available and reasonably ascertainable should be reviewed as part of the assessment. - The CNA Consultant must include copies of any such documentation as an exhibit to the CNA Report, making note of any information requested but not received. - The CNA Consultant should note in the CNA the sources of information used by the CNA Consultant that were material in identifying items that were not readily Observed by the CNA Consultant or that supplemented the CNA Consultant's Observations. 3.1.2 Government Agency Provided Information. The CNA Consultant will make all appropriate inquiries to obtain and review any relevant information relating to the Property from the local governmental agencies and departments having jurisdiction over the Property. Documentation should include the following items to the greatest extent possible. If any item is not available or not applicable, it must be indicated. - Certificates of Occupancy; - Inspection records and certificates; - Reports of existing building / fire code violations; - Reports of existing regulatory, health or zoning violations; and - Documentation of ongoing or pending litigation on Physical Conditions of the Property 3.1.3. Pre -Site Visit Questionnaire and Interview. Owner -provided documentation and information should be acquired by means of a pre -site visit questionnaire and interview. The format of the questionnaire shall follow Appendix E - Pre -Site Visit Questionnaire. - Interviews and questionnaires should be directed to the property Point of Contact for input from both the Maintenance Supervisor and the On -Site Property Manager. Questionnaires may also be directed to Residents. - A questionnaire, complete with the Point of Contact's responses, shall be included as an exhibit within the CNA Report List as a limitation in the CNA Report if these individuals are not available. 3.1.4 Owner Provided Documentation and Information should include the following items to the greatest extent possible. If any item is not available or not applicable, it must be indicated. - Site survey; - Appraisals; - As -built drawings or record drawings; - Previous accessibility surveys; Rev. 12-07-2018 Packet Pg. 384 2.10.a - Planned Capital Improvements; - Planned maintenance or replacement; - Previous reports on Property condition; - Existing Physical Deficiencies and pending work; - Warranties for construction products, appliances and equipment; - Preventative maintenance requirements; - Operations and maintenance plans; - Maintenance reports and contracts; and - Previous repairs, improvements or replacements. 3.2. Physical Inspection and Observations 3.2.1. Objective. The objective of the physical inspection is to visually Observe the Subject Property to obtain information on the condition of the building(s), and to identify Physical Deficiencies and any unusual features for a reasonable determination of the Subject Property's functionality and sustainability. The physical inspection will contain two components: Material Building Systems and Components and Accessibility, Adaptability, Universal Design and Visitability Features. The physical inspection shall be limited to Representative Observations when appropriate, and the Field Observer is not expected to inspect every recurring Component or System. The Representative Observation extends to all conditions, areas, equipment, Components, Building Systems, buildings, etc., to the extent that they are similar and representative of one another. 3.2.2. Minimum Requirements. At a minimum, the physical inspection will include: - All vacant and out -of -service units; - A sampling of at least 25% of all occupied units; - All units set aside to meet Section 504 of the Rehabilitation Act of 1973, as outlined in the applicable RFA issued by the Corporation; - At least one unit in each building (which may be reduced based on a development with a large number of similar buildings, but any lower minimum would require written approval from the Credit Underwriter); - At least one unit of each bedroom -size configuration; - All common areas; and - For scattered sites, at least one unit from each site, but no less than the percentages specified above. 3.2.3. Scope of Physical Inspection— Material Building Systems and Components. Specific items of the material Building Systems and Components to be Observed are included in Appendix A - Scope of Inspection for Material Building Systems and Components. Additionally, known problematic construction materials and design issues present should be identified and documented as outlined in Appendix D - Problematic Materials and Design Issues. The items listed should not be considered all-inclusive, and the CNA Consultant should utilize professional judgment regarding adding or deleting inspection items in Appendices A and D as necessary to complete the CNA Report. Rev. 12-07-2018 Packet Pg. 385 2.10.a 3.2.4. Scope of Physical Inspection —Accessibility. All proposed Developments must meet all federal requirements in addition to local and state Building Code requirements, including the following: - Florida Accessibility Code for Building Construction as adopted pursuant to Section 553.503, Florida Statutes; - The Fair Housing Act as implemented by 24 CFR 100; - Section 504 of the Rehabilitation Act of 19731; and - Titles II and III of the Americans with Disabilities Act of 1990 as implemented by 28 CFR 35, incorporating the most recent amendments, regulations and rules. In addition to meeting the federal, state, and local requirements referenced above, additional accessibility, adaptability, universal design and visitability features are required in all units as well as applicable common spaces/facilities and routes. These features are listed in Appendix B - Accessibility. Adaptability. Universal Desien and Visitabilitv Features Checklist for Dwelline Units. An accessible route is required for all Section 504 units designed for individuals with mobility impairments within Developments. An accessible route is defined as a continuous, unobstructed path throughout the site and the building that connects all the accessible features, elements, and spaces, including all the Development's amenities.. If the Development has scattered sites, an unobstructed path to all amenities must be provided from the nearest accessible parking space(s). The CNA Provider is responsible for confirmation of the measurements required to comply with the construction features, and to document existing conditions that present Physical Deficiencies prohibiting compliance with the Corporation's requirements in the dwelling units as well as applicable common spaces/facilities and routes. Appendix B - Accessibility. Adaptability, Universal Design and Visitabilitv Features Checklist for Dwelling Units must be used by the CNA provider. Scope of Physical Inspection - Construction Features and Amenities. The CNA Provider must conduct a visual survey inspection using Appendix C - FHFC Required Construction Features and Amenities Checklist. 1 All Developments must meet accessibility standards of Section 504. Section 504 accessibility standards require a minimum of 5% of the total dwelling units, but not fewer than one unit, to be accessible for individuals with mobility impairments. An additional 2 percent of the total units, but not fewer than one unit, must be accessible for persons with hearing or vision impairments. To the extent that a Development is not otherwise subject to Section 504 and its related regulations, the Development shall nevertheless comply with Section 504 and its related regulations as requirements of the Corporation funding program to the same extent as if the Development were subject to Section 504 and its related regulations in all respects. To that end, all Corporation funding shall be deemed "Federal financial assistance" within the meaning of that term as used in Section 504 and its related regulations for all Developments. Rev. 12-07-2018 Packet Pg. 386 2.10.a 3.2.5. Photographic Documentation. The CNA Consultant must provide photographic documentation sufficient in quantity and quality to appropriately document the Subject Property's current physical condition, including material deficiencies. The photographs should be representative of typical conditions and include the following: - Typical elevations and exteriors; - Site elements, including parking areas, flatwork, drainage elements and major landscape elements; - Roofing Systems, including flashing and drainage Systems; - Observable structural Systems; - Plumbing, HVAC, and electrical systems, including equipment and nameplates; - Conveyance Systems; - Life safety Systems; - Accessibility, Adaptability, Universal Design, and Visitability features; - Representative interiors of each room type; - Common areas, accessory structures and development amenities; - Any special or unusual conditions present; - All identified Immediate Repair Items and Replacement of Capital Items clearly illustrating the nature and scope of the required repairs; and - A representative sample of appliances, including Energy Guide labels. 3.3. Capital Needs Assessment Report 3.3.1. Executive Summary. The content for the CNA Report Executive Summary must contain the following: - General Description - An introductory statement identifying generally the nature of the Capital Needs Assessment (CNA) and associated report, identify the Subject Property, indicate at whose request the CNA was ordered, and state the purpose the CNA is to serve. - A summary of Property Information including: a. Name of the Subject Property; b. Location (including county); c. Current Owner(s); d. Parcel ID number; e. Primary land use and zoning; f. Site size (in acres); g. Number of buildings / stories; h. Construction type (wood frame, concrete frame, masonry, steel, etc.); i. Number of dwelling units; j. Number and type of accessory structures; k. Heated and cooled floor area (approximate square feet); I. Year(s) constructed (include subsequent phases and major renovations); m. Demographic (Family, Elderly ALF or Non-ALF, Special Needs, Etc.); and n. Occupancy rate (at the time of inspection). Rev. 12-07-2018 Packet Pg. 387 2.10.a - Unit Mix Table — A completed table describing the mix of dwelling units, common areas and support spaces. Refer to Appendix G — Unit Mix Table for format. - Physical Inspection Description — A description Indicating the site visit date, and both the weather and physical conditions at the property during the site visit. State the names of the individuals from the CNA Provider, the Property Point of Contact, and all Property Owner representatives providing information or attending the Property site visit. Identify whether any limitations or constraints prevented the CNA Consultant or other CNA Provider staff from performing the entire required scope of the Capital Needs Assessment. - General Physical Condition— A summary of the Subject Property's general physical condition, the apparent level of preventive maintenance exercised, and any significant Deferred Maintenance. A schedule of material Physical Deficiencies; any significant capital improvements that are pending, in -progress, or were recently implemented; and any significant findings resulting from research should also be provided. If the CNA Consultant does not deem that planned improvements or current repair and maintenance practices are sufficient to either maintain the Property in its current condition or improve the condition of the Property, then the CNA Report should note any deficiencies and provide appropriate recommendations. - Property Useful Life Table - The Property Useful Life Table must be included in the format provided in Appendix I - Property Useful Life Table. The Property Useful Life Table will include the CNA Consultant's professional opinion of the Effective Age (EA) and Remaining Useful Life (RUL) of the Property's Building Systems and Components. To complete the Property Useful Life Table, the CNA Consultant will reference the standard useful life tables for multifamily property Building Systems and Components set forth in Appendix F — Estimated Useful Life (EUL) Tables. The EUL Tables represent average EUL values and are not intended to replace the professional judgment of the CNA Consultant in determining the EA and RUL of the Property's Building Systems and Components. Additionally, the CNA must provide a summary finding stating whether the estimated RUL after rehabilitation for the buildings and their Components will be at least 35 more years. Due to hardware and software revisions, central control equipment for HVAC, fire alarms, security, and other computerized systems can become "orphaned" and no longer supported by vendors. The CNA Provider may consider new or enhanced functionality of these Systems essential, which may be achievable only with new hardware and software. In certain cases, energy cost reduction may justify replacement or major upgrade of equipment prior to the end of its useful life. If such replacement is recommended, the CNA Provider shall provide a detailed evaluation of cost savings for each item as justification for replacement. - Problematic Building Materials and Design Issues - A summary of any identified building materials and design problems affecting the Property. (Additional information is included in Appendix D - Problematic Materials and Design Issues.) The CNA Report must include verification that each applicable item in Appendix D was considered and provide appropriate corrective measures as applicable. Appendix D is not meant to be an all- inclusive list of all known building material and design issues, and the CNA Consultant Rev. 12-07-2018 Packet Pg. 388 2.10.a should use its professional judgment to determine the presence of any additional problematic building material or design issues at the Property. Summary of Recommended Repair and Replacement Probable Costs —A presentation of the aggregate sum of opinions of repair and/or replacement costs, categorized as either Immediate, Critical, Deferred Maintenance, or Replacement of Capital costs. Include a summary of mitigation costs for all known or Observed deficiencies pursuant to the FHFC accessibility requirements outlined in the applicable RFA, as well as FHA and Florida Accessibility Code requirements. When accessible routes is a known deficiency, provide a cost estimate to all Section 504 units designed for individuals with mobility impairments and a separate cost estimate for the remaining ground floor units, including a route to the elevator when applicable. Refer to Appendix H - Summary of Recommended Repair and Replacement Probable Costs for table format. Coordination with Application Commitments — Confirmation that all items committed to in the Application (including all items required by the Corporation as outlined in the applicable RFA and optional Green Building Features selected in the RFA) are physically and financially feasible within the contemplated budget using the checklist depicted in Appendix C - FHFC Required Construction Features and Amenities Checklist. The CNA Report will opine on the appropriateness of the rehabilitation measures selected by the Applicant, considering the Remaining Useful Life and the current condition of the subject features. - Recommendations/Discussions—Identification of those Components and Building Systems necessitating further study, research, testing, intrusive inspections, or exploratory probing. This section also may be used to discuss any obvious major deviations from the Subject Property description provided by the Applicant or Owner to the CNA Consultant, ongoing repairs or improvements, or other relevant issues. The CNA Consultant must consider the Applicant's scope of work preferences, using their professional judgement in the appropriateness of items included in the Applicant's scope. - Deviations from this Guide —A list of all material deviations and deletions from this Guide, if any, listed individually along with all additional Consultant services that have exceeded this Guide's suggested requirements. - CNA Qualifications — Identify the name of the CNA Consultant that prepared, or had overall responsibility of the CNA, describe which standards and protocols were used for conducting the physical inspection and preparation of the CNA Report, and certify that the CNA Report follows the standards and guidelines provided by the Corporation. - Members of CNA Provider team — A list of the names, titles, qualifications and certifications of the individuals from the CNA Provider who actively participated in the CNA and the preparation of the CNA Report, followed by the signatures of each. If the CNA Consultant or Field Observer, or both are not at arms -length with the entity ordering the CNA, such a relationship should be disclosed. Rev. 12-07-2018 Packet Pg. 389 2.10.a 3.3.2. Opinion of Probable Costs. General scope opinions of probable costs are to be prepared for the Suggested Remedy of the material Physical Deficiencies Observed. The CNA Report will present the CNA Consultant's professional opinion of the probable cost, including installation, for each item requiring repairs as defined below, and which capital items are expected to need replacing during the Evaluation Period. All cost estimates provided as part of the CNA must reference the source and basis for identifying items designated for repair or replacement. - Scope - Opinions of Costs should be provided for material Physical Deficiencies and not for repairs or improvements that could be classified as: a. Cosmetic or decorative; b. Part or parcel of a building renovation program; c. Tenant improvements/finishes; d. Enhancements to reposition the Subject Property in the marketplace; e. For warranty transfer purposes; f. Routine or normal preventive Maintenance; and/or g. De Minimis conditions that are in aggregate less than a threshold amount of $3,000 for like items. - Determination of Probable Costs — Opinions of Costs should only be construed as preliminary, order of magnitude budgets. Actual costs may vary depending on design, material quality, unforeseen conditions, construction market rates, etc. The CNA Consultant in not expected to prepare or provide exact quantities as a basis for preparing the Opinions of Costs; however, approximate quantities, units, and unit costs must be provided by line item. Opinions of Costs may be based upon the extrapolation of Representative Observations or conditions deemed by the CNA Consultant as highly probable, results from information received, or the RUL of Components. The source of cost information utilized by the CNA Consultant may be from one or more of the following resources: a. Applicant or Owner provided unit costs; b. Owner's historical experience costs; c. Consultant's cost database or cost files; d. Commercially available cost information or published commercial data; e. Third -party cost information from contractors, vendors, or suppliers; and/or f. Other qualified sources that the Corporation determines appropriate. Cost estimate values shall take into account associated demolition, construction and finishing work that may be required for installations. Values for design, construction management and contractor overhead and profit shall also be included as appropriate. If in the opinion of the CNA Consultant, a Physical Deficiency is too complex to develop an opinion of probable cost using the quantity and unit cost method, the CNA Consultant may apply a lump sum opinion of probable costs for that particular line item, or provide a value for additional study to be provided. Rev. 12-07-2018 Packet Pg. 390 2.10.a - Cost Estimates for Repairs. The CNA Report will document the estimated costs of needed repairs using the appropriate table format provided in Appendix J - Cost Estimate Schedule for Repairs. Repairs shall be classified as follows: a. Immediate Repair Items. Life Safety items that, if left in the current condition, have the potential to cause injury, illness, or death in the CNA Consultant's professional judgment. b. Critical Repair Items. Items requiring immediate remediation to prevent additional substantial deterioration to a particular System, address an immediate need Observed by the CNA Consultant, or extend the life of a System critical to the operation of the Property. c. Deferred Maintenance Items. Items that are material Systems, Components, or equipment that are approaching, have reached, or have exceeded their estimated useful life, and which have the potential to affect the Property's financial and operational performance if not remediated within 12 months. - Cost Estimates for Replacement of Capital Items. The CNA Report will document the cost estimates for replacement of capital items, and will include the Property's Building Systems, Components, and equipment to be maintained or replaced over the Evaluation Period. Replacement of capital items are items anticipated to meet or exceed their RUL during the Evaluation Period. The CNA will include a 15-year replacement reserve table for the replacement of capital items as indicated in Appendix K - Cost Estimate Schedules for Replacement of Capital Items and will include both current replacement cost and inflation adjusted replacement costs. A 3% annual inflation factor will be added to the cost estimates for Replacement of Capital Items from the date of the CNA Report through the scheduled replacement date. - Cost Estimates for Correction of Accessibility Issues. The CNA Report will document the cost estimates for the correction of all known or Observed deficiencies pursuant to the FHFC accessibility requirements outlined in the applicable RFA, as well as FHA and Florida Accessibility Code requirements. When accessible routes are a known deficiency, provide a cost estimate to all Section 504 units designed for individuals with mobility impairments and a separate cost estimate for the remaining ground floor units, including a route to the elevator when applicable. 3.3.3. Document Review and Interview Findings. Identify any material information relating to Physical Deficiencies of the Property resulting from the review of documents and interviews conducted. Provide copies of certifications, reports, documented code violations, surveys, interview questionnaires, etc., as an exhibit to the CNA Report. Rev. 12-07-2018 Packet Pg. 391 2.10.a 3.3.4. Existing Conditions Observations. Include a description of the existing condition of the applicable Property Building Systems, Components, and equipment as indicated in Appendix A - Scope of Inspection for Material Building Systems and Components, and Appendix B — Accessibility, Adaptability, Universal Design and Visitability Features. For each element, the overall condition will be assessed, and a recommended course of action will be provided for repairs and replacements or indication of no action required. Categories for the existing conditions observation report are: - Development information; - Evaluation of FHFC required construction features; - Site conditions; - Building conditions; - Fixtures, casework and equipment; - Amenities and program features; - Hazardous materials and conditions; and - Accessibility evaluation. 3.3.5. Additional Considerations. Report on the following additional considerations: - Identify any material additional considerations or out of scope considerations that are included in the CNA. - If applicable, comment on the physical and financial feasibility of the inclusion of full-size ranges and ovens in all rehabilitation units in Elderly developments. - Where appropriate, comment on the proportions of physical needs that have resulted from accumulated Deferred Maintenance, and from ordinary use and decline of a properly maintained Property. If, in the CNA Provider's expert opinion, the deterioration of the Property has been accelerated by poor management practices, that information must be disclosed to the Credit Underwriter and the Corporation. - Comment on whether rehabilitation of a particular feature ordinarily requires relocation of the tenant. 3.3.6. Limiting Conditions. Describe all limiting conditions encountered during the conduct of the CNA and the preparation of the CNA Report. 3.3.7. Exhibits. Exhibits provided shall include, but not be limited to: - Representative photographs (numbered and labeled in exhibit); - Certificates, surveys and reports; - Interview questionnaire; - User/Owner submitted documents; - Photocopied plot plans, sketches, etc.; and - Other exhibits considered appropriate by the CNA Consultant. Rev. 12-07-2018 Packet Pg. 392 2.10.a 4. Appendices Appendix A. Scope of Inspection for Material Building Systems and Components Appendix B. Accessibility, Adaptability, Universal Design and Visitability Features Checklist Appendix C. FHFC Required Construction Features and Amenities Checklist Appendix D. Problematic Materials and Design Issues Appendix E. Pre -Site Visit Questionnaire Appendix F. Estimated Useful Life Tables Appendix G. Unit Mix Table Appendix H. Summary of Recommended Repair and Replacement Probable Costs Appendix I. Property Useful Life Table Appendix J. Cost Estimate Schedule for Repairs Appendix K. Cost Estimate Schedule for Replacement of Capital Items Appendix L. Definitions, Abbreviations and Acronyms Rev. 12-07-2018 Packet Pg. 393 Omni C R A 202140-Year Assessment and Rehab Grant Program Guidelines • Procedures • Application Program Description: The 40-year Assessment and Rehab Grant assists qualified property owners with costs related to architectural, engineering, and geotechnical services, as well as associated planning, permitting, and repairs to small and mid -size buildings which are 35 years or older, and are preparing for their 40-year recertification, or other residential or commercial rehabilitation in the targeted areas of the Omni CRA. The 40-year Assessment and Rehab grant funds may be used for properties that are not eligible for grant funding from other sources, or to supplement grant funds awarded by this or other agencies. ML Funds may not be used for the assessment and/or rehabilitation of buildings located outside the Omni CRA Redevelopment Area. The funds are targeted at specific areas within the Omni CRA's boundaries. The 40-year Assessment and Rehab Grant has two phases. The first phase, Phase 1- Assessment Grant, allows building owners to hire individuals or companies with professional expertise in determining the structural, electrical, plumbing, and other deficiencies of their building, and aims to expedite the removal of blighted conditions and also to provide the CRA with a clear understanding of the true needs of existing building stock within the CRA district. The second phase, Phase 2 - Rehab Grant will assist owners with the mitigation of those deficiencies and aims to remove blight and improve the neighborhood fabric within the CRA while maintaining historical characte Phase 1- Assessment Grant: %$Pr The Phase 1 Grant is intended to offset the costs of creating As -Built plans, determining required repairs, as well as generating an accurate Capital Needs Assessment, and rehabilitation plan for the property. The Assessment Grant has an annual project cap of $10,000 plus $500 per door for multiunit apartment or commercial buildings. Phase 1 Grant funds can be spent on any of the following, subject to funding availability: • Certified Engineer/Architect to conduct a 40-year certification Building Safety Inspection Report. • Certified Architect to create as -built drawings showing existing deficiencies. • Environmental engineering consultant or to perform Environmental Phase 1 and 2 reports • Certified Geotechnical Engineer to perform geotechnical analysis as needed. • CAN Consultant to perform a Capital Needs Assessment of the building (see Florida Community Loan Fund Exhibit Attached) • Certified Architect/Engineer to do ADA Assessment. • Certified Architect/Engineer to draw concept plans for rehab. Phase 2 - Rehab Grant: In addition to a private match, the Rehab Grant recipient is responsible for all project costs that exceed a maximum of $200,000 provided by the CRA. The CRA may recommend funding and approve an applicant at a lesser amount than requested. Awards are given subject to the availability of funds and based on priorities outlined below. Rehab Grant Funds from this program are paid either on a reimbursement basis to the property owner, or directly to the contractors performing the work, subject to the submittal of satisfactory invoices to the CRA. All Grantees requesting Phase 2 grant funding must have at least three Packet Pg. 394 2.10.b estimates from Florida licensed and insured general contractors, or three estimates from Florida licensed and insured general contractors for each specialty that will be funded through a Rehab Grant award. 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 395 2.10.b Program Areas and Priorities: The Omni CRA is seeking to enable owners of small or medium residential or commercial buildings to begin their recertification at the soonest point possible and to avoid costly and compounding damage that occurs from improper or inadequate ongoing maintenance, lack of funds, or expertise. The Omni CRA has prioritized improvements to properties within the limits of the boundaries of the entire Omni CRA Redevelopment Area (see map). In the Omni CRA, priorities include assisting owners of buildings that can utilize the Grant Funds to leverage further public and private investments, and improve the quality of built environment within distressed areas. Since buildings with a high level of vacancy are eligible, the requirement of Certificates of Use, Occupational License and Fire Fee for the location will be waived. Property owners who receive Phase 2 Rehab Grant funds will sign a declaration that will restrict their ability to sell the building for a period of five (5) years after rehabilitation work is complete. If the building is sold during the five-year period, the building owner will repay the CRA the funds in full. Funds will be guaranteed by lien, mortgage or covenant recorded against the property in the Miami -Dade County Public Records. All work must meet local neighborhood building/appearance codes and be performed with all applicable permits and inspections. %WZ Eligibility: The funds provided pursuant to this program are not available for routine maintenance, and shall be used to fund a larger scope of improvements to the property or area. Buildings which receive these funds: • Mayor may not have received 40-year Recertification Letter from the City. • Should be 35 years or older. • Commercial buildings should be more than 2000 sq. t. or occupant load of 10 persons. 0 Residential buildings should have between 3 — 30 residential units. Should be visible from public right of way. Phase 1 Procedures: 'kkk CRA= CRA Staff; CNTR = Contractor or Provider, P . OP = Property Owner A) Phase 1 Application Process The process to apply for the Phase 1 Grant shall be as follows: 1. Property Owner meets with CRA Staff in person or via teleconference for brief pre -application discussion. Bring any Notices or communications with City — PROP 2. Check Property Address to determine whether property is within CRA boundaries and eligible age. — CRA 3. Applicant submits completed application form. — PROP 4. CRA Staff visits site to verify building status and other information on application — PROP & CRA 5. Application reviewed — CRA 6. Letter of Grant Award or denial is sent to Property Owner and/or tenant — CRA B) Phase 1 Contract Process A Contract outlining all conditions of receiving the grant, scope of work and all insurance requirements will be entered into between the Property Owner and the CRA. Prior to execution of the Contract, the CRA may require the following additional documentation: 1. Owner secures pricing (3 bids) for each item in scope and selects contractor — PROP 2. Owner submits contractor list and copies of estimates to CRA — PROP 3. CRA Prepares Contract with Scope of Work as exhibit — CRA 4. Insurance requirements are documented and approved — PROP, CNTR, SUBS 5. Contract is executed — CRA, PROP, CNTR 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 396 2.10.b 6. Work Authorization Form is executed — CRA, PROP 7. CRA may give 50% to the Provider to begin the work (This amount is subject to the discretion of the CRA and may be amended) 8. Work begins — CNTR 9. CRA monitors progress — CRA C) Phase 1 Completion Pursuant to the provisions of the Contract, the CRA will then pay the Providers, subject to the following: 1. Final Reports submitted to CRA— PROP, CNTR 2. Final Invoices Submitted to CRA for payment — PROP 3. CRA makes the final payments to the Providers (2-4 weeks) — CRA Eligible Phase 1 Expenditures: • Hiring Certified Engineer/Architect to conduct a 40-year certification Building Safety Inspection Report. Both architects and engineers must have proven qualifications by training and experience in the specific technical field covered in the inspection report. • Hiring Certified Architect to create as -built drawings showing existing deficiencies. • Hiring Environmental engineering consultant or to perform Environmental Phase 1 and 2 reports • Hiring Certified Geotechnical Engineer to perform geotechnical analysis as needed. • Hiring CNA Consultant to perform a Capital Needs Assessment of the building (see Florida Community Loan Fund Exhibit Attached) • Hiring Certified Architect/Engineer to do ADA Assessment. • Hiring Certified Architect/Engineer to draw concept plans for rehab. Phase 1 Expert Requirements: To perform any work to be funded by this Grant Program all professionals/experts must meet the following requirements: 1. Expert's Certificate of Competency or License in their field. 2. Current Professional Liability Insurance Certificate and other insurances as requested by Risk Management Department. NOTE: If awarded a contract, all insurances must have the CRA and City of Miami as the Certificate Holder with the address: 1401 N. Miami Ave., Miami FL 33136 and the Liability insurance MUST have the CRA and City of Miami as additional insured Phase 2 Procedures: CRA= CRA Staff; CNTR = Contractor, PROP = Property Owner; A) Phase 2 Application Process After the completion of Phase 1 Assessment or similar assessment (approved by the Director), Phase 2 Grant funding can be applied for. Although funding for phase 2 is more restrictive, the following documentation must be completed to permit the CRA to review the Phase 2 funding request: 1. Review Phase 1 documents — CRA 2. Review Improvement Activities funded by the program (Eligible Activities List) — CRA, PROP 3. Eligible Scope of Work and Budget is Prepared — CRA, PROP 4. Property Owner prepares Application, attaches Scope and Budget —TNT, PROP 5. Application is reviewed — CRA 6. Letter of Grant Award or denial is sent to Property Owner and/or tenant — CRA B) Phase 2 Contract Process 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 397 2.10.b A Contract outlining all conditions of receiving the grant, scope of work and all insurance requirements will be entered into between the property owner and the CRA. Prior to the execution of the Contract, the CRA may require additional documents, including sub -contractor lists (for release of lien) and Work Authorization Forms for project monitoring, in addition to the completion of the following tasks: 1. Tenant or Property Owner secures pricing (3 bids) and selects contractor (lowest bid wins) — PROP & CRA 2. Tenant submits contractor list and copies of estimates to CRA— PROP 3. DMP Prepares Contract with Scope of Work as exhibit— CRA 4. Insurance requirements are documented and approved —PROP, CNTR, SUBS 5. Contract is executed — CRA, PROP, CNTR 6. Work Authorization Form is executed — CRA, PROP 7. CRA may give 30% to the Contractor to begin the work (This amount is subject to the discretion of the CRA and may be amended) 8. Permits are pulled and work begins — TNT, CNTR 9. CRA monitors progress — CRA Q Project Completion Pursuant to the provisions of the Contract, the CRA will pay any Contractors after all liens are released, the building permit is closed and a final invoice is submitted in addition to the completion of the following tasks: 1. AFTER Pictures are Taken —PROP 2. Release of Lien letter for each contractor is obtained — PROP, CNTR 3. Closed Permit Report submitted — PROP, CNTR 4. Final Invoice Submitted for payment— CNTR 1% w eks) — CRA 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 398 2.10.b Eligible Phase 2 Improvements: The improvements to be funded with the Phase 2 funds shall remain with the property. Where special cases arise, the CRA staff will render a decision regarding the use of the Phase 2 grant funds. Grant funds cannot be used for Fixtures, Furniture or Inventory. Generally acceptable improvements include but is not limited to: • Paint/Pressure Clean • Tile • Masonry/Stucco • Outdoor Hardscape Improvements (Fountains, Walkways, Pavers, Fencing, etc.) • Landscape • Lighting • Windows/Doors • Awnings • ADA Compliance (Restrooms/Entrances) • Interior Renovations or Buildout • Plumbing Upgrades or repairs • Mechanical Upgrades or Repairs • Electrical Upgrades • Life/Safety (Fire) System Upgrades • Grease traps Phase 2 Contractor Requirements: All Contractors, working in the CRA 40-Year Assessment and Rehab Program including Painters, Awning Companies, Shutter Companies, and Sign Companies mu provide copies of the following documents when providing an estimate/bid for the project 1. Contractor Certificate of Competency or License 2. Contractor's Current Liability Insurance Certificate and Workers Compensation Certificate. If exempt from Workers Comp Contractor must provide copy of exemption for each employee that will be working. NOTE: If awarded a contract, both insurances must have the CRA as the Certificate Holder with the address: 1401 N. Miami Ave., Miami FL 33136 and the Liability insurance MUST have the CRA as additional insured 3. Contractor and Manufacturer's Warranty (if applicable) 4. Building permit, Special Permit or Certificate of Compliance (except paint jobs) 5.4 Release of Lien (provided by CRA or Property Owner or Tenant) NOTARIZED Recipient will post and maintain in good condition a sign substantially similar to the sign hereto at the entrance of the Premises from the Effective Date (as defined herein) until three hundred sixty five (365) days after the Completion Date. ALL FUNDING REQUESTS ARE SUBJECT TO THE ALLOCATION OF FUNDS BY THE OMNI CRA. THE SUBMITTAL OF AN APPLICATION DOES NOT GUARANTEE THAT THE CRA WILL PROVIDE FUNDING FOR THE PROJECT. 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 399 2.10.b CRA 40-Year Certification Grant Application Applicant Contact Name Mailing Address Telephone Email Property Owner Mailing Address Corporation Officers & Titles Date & State of Incorporation Tax ID# Project Address Folio# Year Built Has passed 40-year Any non-residential certification Space? (sq. ft.) Name of Building Number of Units Square Feet Type of Construction Stories Grant narrative, including Scope of Work for entire project. (attach separately if needed) Estimated Costs for Plans/Reports/Permits Estimated Start Date Estimated Completion Date Scope of CRA-Funding Request Phase ql___ 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 400 2.10.b Description of Item Estimated Cost 1. 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6. 7. 7. 8. 8. 9. 9. 10. 10. TOTAL I, am seeking assistance using the Omni CRA 40-Year Assessment and Rehab Grant Program and that the general properties of the building conform to the terms above. As a current property owner in this community, I wish to participate in the Omni CRA 40-Year Assessment and Rehab Grant Program. I acknowledge that I have received a copy of the Program Procedures and will comply with all requirements should I be awarded a grant. Should this project win a grant award, I understand that funds will be used to assess and make improvements to my property. Sign / PrNNa�Property Owner Date 2021 Omni CRA 40-Year Certification and Rehab Program Packet Pg. 401 J 1. Omni C R A 40-Year Phase 2 Grant Award Criteria The Omni CRA's Board of Directors has authorized a 40-Year Assessment and Rehab Grant Program to prevent conditions giving rise to slum and blight, to preserve housing affordability, and to improve the quality of life for residents and visitors to the Redevelopment Area. It is an important tool in improving the district. All applicants must meet with the CRA and submit a Grant Application. The CRA generally will award grants on a rolling basis as funding permits. The program is in its first year. Omni CRA's 40-Year Assessment Phase 2 Grant Applications are reviewed by CRA staff and recommended to the Executive Director for award based on a set of criteria, including but not limited to neighborhood of the building, specific commercial or neighborhood corridor, ownership of the property, historical track record of the building owners, rental, long-term vision and connection to the neighborhood, ability of building to serve unmet needs of residents and stakeholders in the neighborhood, activation of underutilized spaces throughout the neighborhood, previous grants awarded to the building, projected residential improvements, and projected aesthetic or street level improvements. All grants must be approved by the Executive Director. Each project application is judged by the Executive Director on its individual merits, and how it fits into the CRA's dynamic vision for improvement of the neighborhood. All grantees must comply with insurance and procurement requirements set forward in the application. Improvements will be inspected by the CRA. Name of Owner: Executive Director's Notes: Date of Application: I do hereby approve this business as a grant awardee. Jason Walker, Executive Director, Omni CRA Date 2.10.c Omni Community Redevelopment Agency 1401 N. Miami Ave. Miami, FL 33136 - www.omnicra.com .305.679.6868 Packet Pg. 402 2.11 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board /1/--Nl Fr--- Jason Walker Executive Director BACKGROUND: Date: October 19, 2021 10631 Subject:14th Street LLC Grant Agreement Enclosures: 10631 Bid Waiver Memo 10631 Notice to the Public 10631 NR 14th Street Proposal The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. 1411 Street Developments LLC, a subsidiary of NR Investments, Inc., ("NR Investments"), submitted a grant proposal request to the CRA requesting the amount of $15,000,000.00 to underwrite a portion of the costs to develop a mixed -use project within the Omni CRA. NR Investments, a for profit entity, possesses a unique approach to this mixed -use development project consisting of ground floor retail and approximately 398 units of income -restricted housing. The principals of NR Investments have a history of successful development housing units in Miami -Dade County. This is a new way in which local government entities can collaborate and have a truly successful project that meets the needs of the community. JUSTIFICATION: Chapter 4 of the 2019 Amendment to the Omni CRA Redevelopment Plan reaffirms the importance of the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI). This project is consistent with Florida Statute 163, and also the goals and objectives Packet Pg. 403 2.11 of the 2019 Omni CRA Redevelopment Plan. The rates will remain in place until the anticipated extension of life of the Omni CRA to 2047. On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with varying types of employment can live in one area. To that end, the CRA outlined the following programmatic methods it can employ to increase the supply of affordable housing: To Assist For -Profit Housing Providers in the CRA could: 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified the following goal on page 5-56 of the Redevelopment Plan: 6) Housing Affordability - The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district. GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient number of units that are affordable to the target populations. The 14th Street Development LLC proposal submitted will develop the group of properties with the following addresses at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida within the Omni CRA and now requests grant and TIF funding to underwrite a portion of the costs. RECOMMENDATION: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the execution of a Grant agreement for an amount not to exceed $15,000,000.00 with 14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") for the development of this mixed -use development project consisting of ground floor retail and approximately 398 units of income -restricted housing. FUNDING: Subject to the availability of funds and subject to the Omni CRA being able to successfully secure funding for the project. City of Miami Page 2 of 4 File ID: 10631 (Revision:) Printed On: 1011912021 Packet Pg. 404 �0 2.11 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10631 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, ALLOCATING GRANT FUNDS OF $15,000,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT OF PROPERTIES LOCATED AT 1441, 1445, AND 1455 NORTH MIAMI AVENUE, 25 AND 31 NORTHEAST 14TH STREET, AND 1412, 1418, 1428, AND 1432 NORTHEAST MIAMI COURT, MIAMI, FLORIDA WITHIN THE CRA'S REDEVELOPMENT AREA TO 14TH STREET DEVELOPMENT LLC, SUBJECT TO THE CRA BEING ABLE TO SUCCESSFULLY SECURE FINANCING AND SUBJECT TO THE AVAILABILITY OF FUNDS. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and WHEREAS, On September 13, 2016, the CRA adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement code as the process in which any and all services and goods are procured by the CRA; and WHEREAS, 14th Street Development LLC, a subsidiary of NR Investments, Inc., a for profit entity ("Grantee"), submitted a request for grant funding to develop a mixed -use project consisting of ground floor retail, office space, and approximately 398 income -restricted housing units within the Redevelopment Area; and WHEREAS, page 4-23 of the 2019 Amendment to the CRA's Redevelopment Plan ("Plan") reaffirms the importance of the development of affordable housing to the economic vitality of the CRA and identifies among its community benefits priority for the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI); and WHEREAS, page 4-33 of the Plan states that "To assist for -profit housing providers in the CRA could"... "Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided" and ..."Grant funds to assist in rehabilitation of an existing housing project"; and City of Miami Page 3 of 4 File ID: 10631 (Revision:) Printed On: 1011912021 Packet Pg. 405 2.11 WHEREAS, the Grantee proposes to complete a mixed -use development of properties at 1441, 1445, and 1455 North Miami Avenue, 25 and 31 Northeast 14th Street, and 1412, 1418, 1428, and 1432 Northeast Miami Court, Miami, Florida within the CRA's Redevelopment Area ("Project"); and WHEREAS, the Grantee requests grant funding for the development of the properties in the amount of $15,000,000.00; and WHEREAS, the success of the Project will result in accomplishing the stated objectives of the CRA's Redevelopment Plan; and WHEREAS, based on the recommendation and findings of the Executive Director, it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, to authorize the Executive Director to execute and negotiate all agreements, all in forms acceptable to the General Counsel, with the Grantee for the provision of grant funds for the development of the Project in the amount of $15,000,000.00; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written findings pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the requirements for competitive sealed bidding methods as not being practicable or advantageous to the CRA are waived. Section 3. The Executive Director is authorized to negotiate and execute an agreement and supporting documents to provide funding, all in forms acceptable to the General Counsel, with the Grantee to provide assistance with a portion of the costs associated with the Project in the amount of $15,000,000.00 in the form of a forgivable loan, subject to a covenant being recorded on the property restricting the rents until 2047, the Omni CRA being able to secure financing, and the availability of funds. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 10631 (Revision:) Printed On: 1011912021 Packet Pg. 406 2.11.a O1. Ken Russell Board Chair Omni C R A INTER -OFFICE MEMORANDUM TO: Board Chair Ken Russell and Members of the CRA Board FROM: Jason Walker Jason Walker Executive Director DATE: October 18, 2021 SUBJECT: 4/5ths Bid Waiver to waive Executive Director competitive negotiation procedures per City Code, authorizing the allocation of Grants funds to 14th Street Development, LLC for a mixed -used development project located within the Omni BACKGROUND: The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). 14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") submitted a grant proposal request and a Tax Increment Rebate request to the CRA requesting the amount of $15,000,000.00 in grant assistance and 95% of the available developmental Tax Increment (TIF) collected by the Omni CRA to underwrite a portion of the costs to develop a mixed -use project within the Omni CRA. NR Investments, a for -profit entity, possesses a unique approach to this mixed -use development project that will consist of ground floor retail, ground floor commercial space and approximately 398 units of income -restricted housing. The project is estimated to cost approximately $141 Million. The developer will commence construction by June 1, 2022, and substantially complete by October 1, 2024. This proposal anticipates the CRA will be extended through 2047 and as such rents will be restricted until 2047. This proposal is dependent on the successful extension of life and financing. This project also presents a unique approach and opportunity for a local government entity to collaborate on a below -market housing project. This is a way in which local government entities are able to enhance Tax Increment Financing dollars and add equity to fill the gap in financing to achieve housing affordability in the area. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floors Miami, FL 33136 Tel (305) 679 68681 http://www.miami-cra.org/ Packet Pg. 407 2.11.a RECOMMENDATION In light of the above -mentioned background information, the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the Plan and activate the area, the approval of a bid waiver is recommended. OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI 1401 N. Miami Ave 1 2"' Floors Miami, FL 33136 Tel (305) 679 68681 http://www.miami-cra.org/ Packet Pg. 408 1� Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 2.11.b NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Friday, October 22, 2021, at 10:00 a.m. or anytime thereafter at the Miami Entertainment Complex located at 50 NW 14th St Miami, Florida 33136. The Board will consider the award of grant funds to 14t" Street Development LLC, a legal entity authorized to c transact business/render services in the State of Florida, to underwrite a portion of the costs associated with the E development of a mixed use project consisting of income -restricted housing units in the Omni CRA. L In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will a consider the funding, in an amount not to exceed $15,000,000.00 to underwrite the expenditures and costs i associated with the development of a mixed use project consisting of income -restricted housing units located c9 within the Redevelopment Area of the Omni CRA at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida. This funding is critical in the development ! of the Project, which is envisioned to reduce slum and blight and provide housing affordability in the area. All comments and questions with respect to the meeting and remote public participation should be addressed to Jason Walker, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136 (305) 679-6868. Ict The CRA Board requests all interested parties be present or represented at the meeting and may be heard with respect to any proposition before the CRA Board, in which the Board may take action. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any 5 appeal may be based (F.S. 286.0105). a m In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to 0 participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than m five (5) business days prior to the proceeding. TTY users may call (305) 250-5472, not later than five (5) business o days prior to the proceeding. z M O O r� C d Ad No. 36467 Todd B. Hannon t Clerk of the Board a Packet Pg. 409 2.11.c R R RATIONALE FOR CRA SUPPORT Housing Affordability 14t' Street Apartments Project Miami's Downtown and Greater Downtown skylines are pictures of construction, as new condos and apartments are built throughout our burgeoning City. But the expansion experienced in the last and current real estate cycles is misleading as the City faces one of the nation's most severe crisis of housing unaffordability stemming from the dual problem of high housing costs and comparably low wages. Today, Greater Miami's housing stock suffers from a significant supply mismatch. The local market has a glut of expensive housing and not nearly enough affordable housing. While we have seen the construction of expensive condos to the point of over -supply, not nearly enough affordable and workforce housing has been built to meet market's demand. While thousands of new housing units have been developed within the City, including thousands within the CRA alone, most of the units built are market -rate or high -end luxury units. The COVED-19 pandemic as well as the expected economic recovery that will follow successful vaccination campaigns, combined with current trends towards increased remote work, threatens to exacerbate the City's housing unaffordability issues, as growing numbers of high -income workers and wealthy out-of-state residents relocate to Miami in search of its unique urban amenities and "destination city" status. The prospect of companies moving to Miami or opening offices in the City, in an effort to lure skilled workers and/or take advantage of state and local tax and regulatory advantages, while a very welcoming development, could certainly compound existing problems around scarcity and unaffordability in housing. Today, the Miami -Fort Lauderdale metro is already one of the least affordable large metro areas in the country, measured in terms of median -wage work hours needed to pay average monthly rent: at 87.1 hours, it ranks higher than San Francisco -Oakland (73.4 hours), Austin -Round Rock (70.4), New York - Newark (69.4 hours) and Boston -Cambridge (67.0 hours), among others. The combination of relatively high average rents with relatively low median wages is, in a nutshell, the central dynamic of the City's unaffordability crisis. According to the Affordable Housing Blueprint. Needs Assessment crafted by the Jorge M. Perez Metropolitan Center at Florida International University (FIU), "the most serious problem in Miami -Dade County is the estimated 251,732 renter households who are cost -burdened and the 140,062 renter households who are `severely' cost -burdened. The significant growth of severely cost -burdened renters is the most pressing problem due to three market conditions: 1) the increasing demand for renter housing throughout the County resulting in low vacancy rates and spiraling increases in rent prices, 2) the lack of affordable rental housing production, and 3) rent prices are increasing much faster than wages." Furthermore, "[... ] the vast preponderance of County workers earn wages in service sector occupations, including retail trade, leisure and hospitality, and educational and health services. The household incomes of these service sector workers limit housing choices to affordable rental housing opportunities, where available." The problem is compounded, moreover, by the fact that, historically, the City's economy "[... ] has shown it can shed higher wage jobs very quickly but has shown resistance to adding new high -skill, higher -paying jobs." Currently, already six in 10 employed adult residents of Greater Miami are housing cost -burdened, meaning they spend more than 30 percent of their incomes on housing — the highest rate of any large metropolitan area in the nation. Racial and ethnic minorities, as well as our community's low-income service workers, shoulder a disproportionate share of the burden of today's housing crisis. The following facts provide chilling insight into the scope and impact of the current crisis: M to O w 0 a 0 a m m L N t r v z M 0 m E t 0 El Packet Pg. 410 2.11.c N R 14t' Street Apartments Project ■ About 49% of Miami -Dade County's households are renters. Between 2012 and 2017, the County has seen its proportion of renter households grow by 11.4%, or nearly 2"/o annually. Miami, in particular, has become a city of renters: the City's homeownership rate, at 30%, is the lowest among large cities in the U.S. ■ Miami's renter population is disproportionately African American and Hispanic with 55% of black households and 48% of Hispanic households renting, compared with just over 25% of white households. ■ Greater Miami's median rents are increasingly unaffordable. As of October 2018, the median rent for Greater Miami was $2,095 — the eighth highest in the nation behind communities like Denver, Portland, Dallas and Austin. Said median rent requires an annual household income of not less than $83,800 for such rent to be "affordable" or for the household not to be "cost -burdened." ■ Miami's low-income service class — workers in low -skill jobs like retail, hospitality, food service and home care which make-up more than 50 percent of the region's workforce — is severely cost -burdened. Miami's service class faces the greatest rental cost burdens among all classes with just under $11,000 in annual income left -over after paying rent — the 51' worst rate among large metropolitan areas in the nation. ■ At the same time, an estimated 45% of the jobs created in the City from now through 2024 will be in occupations with a median annual income less than $35,000 per year: meanwhile, more than 9 out of 10 90.9% of renters in Greater Miami earning less $35,000 annually are cost -burdened. ■ Miami, in particular, has the highest proportion of cost -burdened renters in the nation by a significant margin. More than half of renters 6( 2A*/o spend 35 percent or more of their household income on rent. Moreover, 32% of all renter households are "severely" cost -burdened — paying an excess of 50 percent of their incomes on housing costs. Greater Miami's renters have the least amount of money left over after paying for housing of any large metro: Miami's renters have, on average, less than $16,000 left over after paying their rent, far less than the $30,000 or so in take-home income that renters in Washington, D.C. and Boston have left over after paying for their housing. Crucially, though, despite the bleak picture, Miami has a lot of gains to reap by increasing the stock of affordable housing, gains that are broader than strictly dealing with housing scarcity and unaffordability. As stated in FlU's Miami Affordable Housing Master Plan, "affordable housing has broad -based economic growth impacts. As families keep more of their income, they drive greater local spending which in turn stimulates high -wage job creation, increased tax revenue, and lower public costs for health, human services and policing." Conversely, "keeping housing costs as a reasonable percentage of family income promotes higher educational attainment and improves family health outcomes, as families have more money to spend on education and health costs." It is clear that "improved affordability promotes inclusive economic growth". ■ "Housing affordability can be a potent tool for improving economic performance, driving employment growth, productivity, wages, business development, and retaining and attracting high -skilled, educated workers to the region." ■ "The cumulative economic impacts of greater, more widespread housing affordability would be a major boost to developing a more diversified, higher income City economy. " ■ "Affordable housing is b.4 critical to Miami Dade County's economic resilience [...j" N TJNVESTMENTS.COM M co 0 w 0 a 0 a m m r N t r v Z M 0 m E t r El Packet Pg. 411 2.11.c I N R 14'h Street Apartments Project CONSISTENCY WITH CRA REDEVELOPMENT PLAN Chapter 4 of the CRA proposed amendment to the Redevelopment Plan (2019) reaffirms the importance of the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI). Among the policy reasons articulated for such community benefits requirement are: (i) preservation of the affordability of the neighborhood; (ii) prevention of existing resident displacement; and (iii) provide area workers an opportunity to live near work. On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with varying types of employment can live in one area. To that end, the CRA outlined the following programmatic methods it can employ to increase the supply of affordable housing: To Assist For -Profit Housing Providers in the CRA could.- 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided. In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified the following goal on page 5-56 of the Redevelopment Plan: 6) Housing Affordability — The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district. GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient number of units that are affordable to the targetpopulations. The Project and accompanying request seek financial support from the CRA to underwrite the development of residential units, specifically for low-income and workforce households, and asks the CRA to provide the Applicant with a project -specific incentive. NRINVESTMENTS.COM M to O w 0 a 0 a m m L N t r v z M 0 m E M 0 M r El Packet Pg. 412 2.11.c 14t' Street Apartments Project PROJECT DESCRIPTION The Developer proposes to enter into a public -private partnership with the CRA to advance the CRA's goal of developing much needed affordable and workforce housing units within the redevelopment area. Applicant proposes to construct a 35-story tower on land it purchased over the course of the last four years which will consist of a mixed -use project comprised of the following elements: (i) 398 multi -family residential units; and (ii) approximately 9,000 sq. ft. of ground floor commercial use (the "Project'). Applicant proposes to assist the CRA in advancing its Redevelopment Plan goal by restricting rents for ALL of the 398 residential units within the Project through the life of the CRA as outlined herein below. The rent restrictions proposed will ensure that the Developer make residential units available to low-income households and households who can afford "workforce" rents, more specifically teachers, police officers, firefighters, nurses, first responders, and recent college graduates, among other professions. The Project represents the Developer's latest investment in the Omni "Arts + Entertainment District" — a dynamic urban residential neighborhood connecting the CRA & Downtown Miami with the Wynwood Arts District and the Design District. With the surrounding expansion, the Arts + Entertainment District has seen growth in its residential, culinary, entertainment and nightlife offerings, but substantial land remains undeveloped and a number of buildings remain dilapidated within the district evidencing the continued "slum & blight conditions" within the CRA. Applicant's CANVAS project, an art -inspired condominium offering a "bohemian luxe" lifestyle immersed in the local art, culinary & cultural scene, has served to anchor the district's ascendant trajectory. Beyond its project investments within the redevelopment area, NR Investments, Inc., has invested approximately $2 million in efforts to beautify the Arts & Entertainment District, attract new businesses and retailers to the area, and deliver high -quality arts, music and community programming, including "The Miami Flea," a pop- up market, and a "Moonlight Grooves," a music series held on CANVAS's backyard, among others. Given the Project's location just north of Downtown Miami, it is conveniently accessible via multiple modes of transit, including: (i) the MetroMover via the "School Board Station" on N.E. 151 Street; (ii) the City's free trolley system; and (iii) Virgin Trains' service at Grand Central Station. The inclusion of the proposed affordable and workforce dwelling units in the Project will provide residents convenient access to employment opportunities via mass transit servicing greater Downtown Miami area and portions of the South Florida region via inter -city passenger rail service. Illustrative Project rendering enclosed as Exhibit "A". M c� 0 w 0 a 0 a m m L N t r v Z M O m E t r El 4 Packet Pg. 413 2.11.c H R 14th Street Apartments Project REQUESTED PROJECT SUPPORT Applicant's request assumes the approval of an extension of the term of the CRA through 2047 and obligations of the Applicant and CRA pursuant to an Incentive Agreement would be conditioned upon the passage of such an extension. With the clarification, Applicant proposes the following development restrictions and makes the following request of the CRA to assist the Project: Proposed Residential Restrictions: Applicant proposes to rent -restrict 398 residential dwelling units — 27 studio dwelling units, 300 one -bedroom dwelling units and 71 two -bedroom dwelling units — as set forth in the "Project Information Sheet" attached hereto as Exhibit "R." Said rent -restrictions will be remain in place from the date the Residential portion of the Project is placed in-service (as evidenced by the issuance of a temporary certificate of occupancy or certificate of occupancy for a residential dwelling unit) through the date of the CRA's expiration (2047). The Applicant will be permitted to adjust the maximum rent per unit for each unit type consistent with the rate schedule adopted by the Corporation for "Multifamily Rental Programs" for Miami -Dade County. The Developer will impose a Covenant setting forth the rent restrictions and the minimum number of rent -restricted units by type. The Covenant shall grant the enforcement rights to the CRA through the term of its existence. Requested Financial Support: Applicant requests partial loss reimbursement of $15.0 million, along with a rebate of 95% of the TIF collected by the Omni CRA from the Project. Developer anticipates that the rebated tax increment generated by the Project will amount to approximately $13.6 million in gross receipts, or approximately $8_7 million in present value. The partial loss reimbursement and TIF receipts will be used to offset the estimated $38.0 million in gross economic loss (in the 2047 scenario). Moreover, the project foresees around $4_3 million in estimated permit fees, water & sewer connection charges, and impact fees to be assessed at the initiation of the Project. See Exhibit "C" attached hereto. Construction costs have increased significantly in the last year, reflecting higher costs of materials and labor alike. The sharp post COVID-19 economic rebound, coupled with unprecedented public sector relief and stimulus outlays, are expected to create supply-side and labor bottlenecks, which threaten to exacerbate and prolong upward price pressures. The requested financial support will significantly help to offset these factors. ii. The value of the requested financial support partial loss reimbursement of $15.0 million and TIF rebate in the amount of $8_7 million in present value— is still substantially lower than the value of the losses generated by the rent and use restrictions detailed above: $38.0 million. This is without including the project's approximately $4_3 million in estimated permit and impact fees. iii. The calculation of rent and use losses assumes that market rent prices will grow at a conservative rate of 3.00% per year. That being said, the specific area where the project is located is undergoing —and has, in fact, been experiencing for years— rapid growth and redevelopment, in the larger context of a City which expects to continue expanding its population and urban core. Therefore, it is not at all unreasonable to anticipate that market rates will increase at a much higher pace, which would, in turn, cause an even greater loss in rents due to the restrictions in place. In other words, the project's financial projections may very well be underestimating the losses generated by the rent restrictions. iv. The future resale/refinance value of the building, which is calculated on a cash flow basis, is also substantially diminished by the rent restrictions, by as much as $46.314.638, based on a standard market cap of 5.00%. NRINVESTMENTS.COM M cn 0 w 0 a 0 L a m m r N t r v z M 0 m E t El Packet Pg. 414 2.11.c Uzi N F 14`h Street Apartments Project In sum, applicant deems that the project's present value losses and increased construction costs easily exceed the support sought, with even conservative estimates of market rents growth during the period. NRINVESTMENTS.COM M O R N O Q O L a m m L Y N r NrN 1.6 Z r M O C d E t V R r El Packet Pg. 415 2.11.c �z H R 14'' Street Apartments Project APPLICANT EXPERIENCE & QUALIFICATIONS 14'h Street Development LLC, is a subsidiary of NR Investments, Inc. ("NR" ), a privately held real estate investment company. Each of the company's principals and senior executives has extensive experience in real estate capital markets, acquisition, asset management, development, construction and risk management. NR believes in fostering cultural movements and communities in undiscovered areas, and in making their buildings the beacons of their renaissance. NR specializes in acquiring developing, repositioning, and managing real estate assets in major markets throughout the world. The company has acquired more than 10 million square feet of office and residential space across the globe. Over the past 18 years, NR has purchased, developed, repositioned and sold over $700 million of multifamily and commercial real estate assets. Recent Development Experience ■ Filling Station Lofts: In January 2013, NR stepped into Miami's Omni / Arts & Entertainment District with the acquisition and subsequent completion of Filling Station Lofts, an 81-unit loft -style apartment building. ■ CANVAS Condominiums: In November 2013, NRI closed on the 1.07-acre CANVAS condominium site. NR constructed a 37-story, 513-unit residential condominium tower that received its final certificate of occupancy (C.O.) at the end of 2018, and was delivered in 2019. OualiTcations ofPrincipals ■ Nir Shoshani — Principal. Prior to forming NR in 2001, Mr. Shoshani held the title of President at TiS America, Inc., a subsidiary of Top Image Systems Ltd. (NASDAQ: TiSA), a publicly traded, high-tech firm headquartered in Israel with operations around the globe. Mr. Shoshani is a graduate of the Belgrano School of Business in Buenos Aires. Ron Gottesmann — Principal. Prior to forming NR in 2001, Mr. Gottesmann worked as a mortgage broker overseeing the operation of GFI Mortgage Bankers Inc. of New York. With Mr. Shoshani, Mr. Gottesmann leads NR which today is a fully integrated development firm which owns and manages a wide variety of real estate, including large scale office buildings, commercial shopping centers, and multi -family housing. Under Mr. Gottesmann's leadership, the firm has maintained a consistent focus on property repositioning via the acquisition of underperforming buildings in high visibility locations rehabilitating them to their full potential through extensive renovation and management restructuring. Terry Wellons — C.O.O. Mr. Wellons serves as the Chief Operating Officer at NR. He leads the United States team directing a group of highly experienced attorneys, accountants and portfolio and property managers. He has a background in finance and as a real estate attorney, serves as lender's counsel and representing buyers and sellers of real estate, aids NR in each aspect of NR's business, effectively negotiating and gauging the legal and financial risks involved with each transaction. Mr. Wellons holds a degree in finance from Florida International University and a law degree from Nova Southeastern University NPdNVESTMENTS.COM M c� 0 w 0 a 0 L a m m r N t r v Z M 0 m t El Packet Pg. 416 2.11.c kii EXHIBIT "A" PROJECT RENDERING NRIWESTMENTS.COM 14t' Street Apartments Project 8 Packet Pg. 417 2.11.c �i NR EXHIBIT "B" 14' Street Apartments Project Omni CRA Tax Increment Recapture Agreement Project Information Sheet Developer/Applicant: 141 Street Development LLC Contact Person: Terry Wellons, C.O.O. Telephone: (305) 625-0949 E-mail: terrv'a7nrinvestments.com Project Address: 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 141 Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida Property Information Prior 2019 Year Taxable Values Folio Numbers Existing Building Size Lot Size 2018 2017 01-3136-005-1110 0 s�. ft. 0 sj ft. 929 s.ft. 7,600 sq. ft. $1,333,420 $1,212,200 $1,102,000 01-3136-005-1070 11,400 sq. ft. $1,875,630 $1,705,119 $1,550,109 01-3136-005-1060 5,700 sq. ft. $874,463 $794,967 $722,698 01-3136-005-1180 0 sq. ft. 3,355 sq. ft. $551,489 $501,354 $486,475 01-3136-005-1151 0 sq. ft. 5,000 sq. ft. $821,892 $750,000 $679,250 01-3136-005-1150 0 sq. ft. 2,200 sq. ft. $361,632 $328,757 $298,870 01-3136-005-1140 0 sq. ft. 4,200 sq. ft. $690,389 $627,627 $570,570 01-3136-005-1130 0 sq. ft. 4,200 sq. ft. $690,389 $627,627 $570,570 01-3136-005-1090 0 sq. ft. 6,300 sq. ft. $1,035,584 $941,440 $855,855 Total: 929 sq. ft. 49,955 sq. ft. L$8,234,888 $7,489,091 $6,836,397 Type of Project: Construction Commencement: Project Construction Completion Date: Project Construction Cost: Estimated Adj. Taxable Value (TIF Basis): Residential Square Footage: Retail Square Footage: Property Acquisition Date: Total Acquisition Cost: Projected Residential Rent (Per Unit Type): Mixed Use (Retail, Multi -Family Residential) June 1st, 2022 October 11, 2024 $141,414,310 $65,088,738 297,625 sq. ft. +/- 8,706 sq. ft.+/- May 2014 and February 2015 $7,842,000 Studio - $1,747 / 1BD - $2,224/ 2BD- $2,750 NRINVESTMENTS.COM Q Packet Pg. 418 2.11.c H R 14t' Street Apartments Project Proposed Affordability Restrictions: 2047 Unit Type Total Units Maximum Rent $960 Studio- 60% AMI 2 Studio- 80% AMI 3 $1,280 Studio- 100% AMI 4 $1,600 Studio- 120% AMI 5 $1,920 Studio- 140% AMI 13 $2,240 1BD- 60% AMI 15 $1,029 1BD- 80% AMI 30 $1,372 1BD- 100% AMI 45 $1,715 1BD- 120% AMI 60 $2,058 1BD- 140% AMI 150 $2,469 2BD- 60% AMI 3 $1,234 2BD- 80% AMI 7 $1,646 2BD- 100% AMI 11 $2,058 2BD- 120% AMI 14 $2,469 2BD- 140% AMI 36 $2,880 Total: 398 - NRINVESTMENTS.COM CD E 0 L a Cu 0 U J J a) L a� Q 10 Packet Pg. 419 2.11.c �A EXHIBIT "C" FINANCIAL ANALYSIS RESIDENTIAL ECONOMIC LOSS 14'h Street Apartments Project 4 5 6 ] B 9 10 Sl Tea Ya4n Im mz Z02B -M.- xd2o 1D31 MR 2033 Tool Annual gentbss: ($12441820) ($1.282,1651 ($1j20,63D) ($1,3W,24) ($14010561 ($1,"3A88) ($1486,3�1 ($1,530,9]2) ($11A69,358) Valuation lass (524,2561400) ($25,643,292) ($26,414S911 ($21,204,968) I$M021118) ($28,Bfi1,251) I$N,,227,606) ($ ,M.432) 12 a 14 15 16 17 1B 19 TV Yurs 204 OL39 zmg 307] jqg x039 ZWd 2W1 Teal Annaal pent lass: ($1,6242001 ($46T2,934) 151,]23,1221 I$1,T24d161 ($1,8]eA60) ($1882,902) I51539,3B9) I$14.02Z,3311 v.WWmlav 1531,539,0151 ($3Z.484,155) ($33,4A-1 ($31,462,440) ($35.96,30) ($36,-,203) 1$3],65R,m) w 21 22 23 T.- 24 25 26 21 28 1042 I43 SOM 2 oas 2046 2Ml M}_6 2M2 T-1 Annul Rent lav: (51.99].5]1) ($2A5).4981 ($2,119.222) (52,192999) ($1248,263) M.31%-) 5D $0 ValuaOm lass ($39,%1,4131 (541,149,956) (542,384.454) (543,655,988) ($44,%5,fifie) ($96,314,6W 50 $D W84hted Mel Ratdsdanof Bottom 50%al Units 9950% Total pent lass: (538,012,T951 TIF TO DEVELOPER CALCULATION CRA/Developer Renina 91% GrovrtM1 Pate: 1.03 Discount Rate 3% MITI Ie Rate Ta bl Value (20201 Taxable Value(QC.0.1 Ad6T" Vale TURen1`!M at"f 95%) OU RMn TIF(65%) CO.— Cla lk(15%) nidpal Operating ].4365 58,]00,(RA $T3,]88,238 $65A88,]38 $484,032 $459,631 5298A90 $160,941 MIaml Dade County Operztlnp 9.6fi69 $R,]OO,OW $]3,18%M $65A8,]38 $303.]63 $288,5)5 $18],5]3 $lolA01 Tod Rera;pn: TUYears $]8],A5 $748,405 S486,IQ $261.942 2026 202] 20x8 2029 2t[9 M31 2D32 2033 TOGI W CM $486,463 $501,057 $516A89 5531,5n S54],519 $563,944 $i80,863 $598,2R9 S4,325,196 nFta Developer. $461,140 $4]6,OW $490,285 $$04593 $5]A143 $539,]4] $551820 %M,314 $4,109,s0] HELD Developer (P11): $410,fi06 $410,606 $430,606 $410,506 u Years $4106t16 $410,606 $41D,ED6 $410,606 $3,284,845 2034 W35 LH6 M3] 2ni6 m9 2040 20a1 Taal TIF tR CItA: ""4" $fi02,988 56210]8 $639,]f0 $668,902 $6msw $699,029 $719,999 S-%- 00 nF to Developer. 1556,154 $5]2,839 S59D,13 56 m $6ns% 5W4,]35 $661,0]] $683.999 $4,945,510 nFm Deadorer(w): $390,0]5 1.,0]5 $390,OTi $3wm u Years 539%- $390,0]5 $3W,075 $390,075 $3,120,fiO3 FZOM1 ]W3 x1N4 21M5 ]046 204] 2046 2047 0 Tad T F to CM: $741,599 S-A47 $]8fi,]63 $BID]66 $834.6n %59,]1] $0 $0 $0 $4,796,969 nF to Oevelaper. $704,519 $M,655 $]4],425 $)®,W] $M2,9Ai $916,731 $0 $0 $D $"1,121 nF to Cevel9per(pV): $390,075 $3W1011 $390m $3"A5 $39WS $390A]5 $0 $0 SD $2a40,452 Tonl nFn CI1A: $14,328,565 nF tR Ocelatav: $13,612,137 of to Devaiepr(PV): $8,745,9W NRNVESTMENTS.COM I1 El Packet Pg. 420 2.12 OMNI Board of Commissioners Meeting October 22, 2021 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board Jason Walker Executive Director BACKGROUND: Date: October 19, 2021 10633 Subject: NR Investment 14th Street Project TIF Enclosures: 10633 NR 14th Street Proposal The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). 14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") submitted a grant proposal request and a Tax Increment Rebate request to the CRA requesting the amount of $15,000,000.00 in grant assistance and 95% of the available developmental Tax Increment (TIF) collected by the Omni CRA to underwrite a portion of the costs to develop a mixed -use project within the Omni CRA. NR Investments, a for -profit entity, possesses a unique approach to this mixed -use development project that will consist of ground floor retail, ground floor commercial space and approximately 398 units of income -restricted housing. The project is estimated to cost approximately $141 Million. The developer will commence construction by June 1, 2022 and substantially complete by October 1, 2024. This proposal anticipates the CRA will be extended through 2047 and as such rents will be restricted until 2047. This Project is dependent on the extension of life of the CRA. This project also presents a unique approach and opportunity for a local government entity to collaborate on a below -market housing project. This is a way in which local government entities are able to leverage Tax Increment Financing dollars and fill the gap in financing to achieve housing affordability in the area. RECOMMENDATION: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution, authorizing the execution of an economic incentive agreement with Packet Pg. 421 2.12 14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") for the development of this mixed -use development project consisting of ground floor retail and approximately 398 units of income -restricted housing. JUSTIFICATION: Chapter 4 of the 2019 Amendment to the Omni CRA Redevelopment Plan reaffirms the importance of the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI). This project is consistent with Florida Statute 163, and also the goals and objectives of the 2019 Omni CRA Redevelopment Plan. The rates will remain in place until the anticipated extension of life of the Omni CRA to 2047. On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with varying types of employment can live in one area. To that end, the CRA outlined the following programmatic methods it can employ to increase the supply of affordable housing: To Assist For -Profit Housing Providers in the CRA could: 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified the following goal on page 5-56 of the Redevelopment Plan: 6) Housing Affordability - The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district. GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient number of units that are affordable to the target populations. The Project and accompanying request seek financial support from the CRA to underwrite the development of residential units, specifically for low-income and workforce households, and asks the CRA to provide the Applicant with a project -specific incentive. The 14th Street Development LLC proposal submitted will develop the group of properties with the following addresses at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida within the Omni CRA and now requests grant and TIF funding to underwrite a portion of the costs. City of Miami Page 2 of 4 File ID: 10633 (Revision:) Printed On: 1011912021 Packet Pg. 422 �0 2.12 City of Miami OMNI CRA 1401 N. Miami Avenue Omni Legislation Miami, FL 33136 www.miamicra.com C R A OMNI CRA Resolution File Number: 10633 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE CRA TO REBATE TO 14TH STREET DEVELOPMENT LLC ("GRANTEE") THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED ONLY FROM THE DEVELOPMENT BY THE GRANTEE OF THE 14TH STREET APARTMENT PROJECT ("PROJECT") IN AN AMOUNT NOT TO EXCEED 95% OF THE AVAILABLE DEVELOPMENT TIF COLLECTED FROM THE PROJECT ANNUALLY OR $816,731.00 ANNUALLY, WHICHEVER IS LESS, PER YEAR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED $13,600,000.00, WITH PAYMENTS TO BEGIN UPON SUBSTANTIAL COMPLETION AND THE PROJECT RECEIVING A CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN FORMS ACCEPTABLE TO GENERAL COUNSEL. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and WHEREAS, 14th Street Development LLC, a subsidiary of NR Investments, Inc., a for profit entity ("Developer"), submitted a request for a tax increment rebate to underwrite a portion of the costs to develop a mixed -use project consisting of approximately 9,000 square feet of ground floor retail and approximately 398 rent -restricted housing units at the properties located at 1441, 1445, and 1455 North Miami Avenue, 25 and 31 Northeast 14th Street, and 1412, 1418, 1428, and 1432 Northeast Miami Court, Miami, Florida within the Redevelopment Area ("Project"); and WHEREAS, page 4-23 of the 2019 Amendment to the CRA's Redevelopment Plan ("Plan") reaffirms the importance of the development of affordable housing to the economic vitality of the CRA and identifies among its community benefits priority for the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI); and WHEREAS, page 4-33 of the Plan states that "To assist for -profit housing providers in the CRA could... Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided" and "Grant funds to assist in rehabilitation of an existing housing project"; and WHEREAS, the Executive Director is requesting authority to provide the Developer with a Tax Increment Finance Rebate only from Tax Increment Funds ("TIF") received from the developed project from the CRA in an amount not to exceed 95% or $816,731.00, whichever is less, per year until 2047 if the life of the CRA is extended, in a total aggregate amount not to exceed $13,600,000.00, to be paid beginning upon substantial completion of the Project and the City of Miami Page 3 of 4 File ID: 10633 (Revision:) Printed On: 1011912021 Packet Pg. 423 2.12 Project receiving a certificate of occupancy and subject to a covenant being recorded on the property restricting the rents until 2047; and WHEREAS, the success of the Project will result in accomplishing the stated objectives of the Plan; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. The Executive Director is authorized to provide the Developer with Tax Increment Finance Rebates from the Project's TIF from the CRA in an amount not to exceed 95% or $816,731.00, whichever is less, per year until 2047 if the life of the CRA is extended to 2047, in a total aggregate amount not to exceed $13,600,000.00, to be paid beginning upon substantial completion of the Project and the Project receiving a certificate of occupancy and subject to a covenant being recorded on the property restricting the rents until 2047 if the life of the CRA is extended to 2047, to underwrite a portion of the costs associated with Project within the CRA's Redevelopment Area. Section 3. The Executive Director is authorized to negotiate and execute any and all documents, all in forms acceptable to the General Counsel, for the purposes stated herein. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 10633 (Revision:) Printed On: 1011912021 Packet Pg. 424 2.12.a R R RATIONALE FOR CRA SUPPORT Housing Affordability 14t' Street Apartments Project Miami's Downtown and Greater Downtown skylines are pictures of construction, as new condos and apartments are built throughout our burgeoning City. But the expansion experienced in the last and current real estate cycles is misleading as the City faces one of the nation's most severe crisis of housing unaffordability stemming from the dual problem of high housing costs and comparably low wages. Today, Greater Miami's housing stock suffers from a significant supply mismatch. The local market has a glut of expensive housing and not nearly enough affordable housing. While we have seen the construction of expensive condos to the point of over -supply, not nearly enough affordable and workforce housing has been built to meet market's demand. While thousands of new housing units have been developed within the City, including thousands within the CRA alone, most of the units built are market -rate or high -end luxury units. The COVED-19 pandemic as well as the expected economic recovery that will follow successful vaccination campaigns, combined with current trends towards increased remote work, threatens to exacerbate the City's housing unaffordability issues, as growing numbers of high -income workers and wealthy out-of-state residents relocate to Miami in search of its unique urban amenities and "destination city" status. The prospect of companies moving to Miami or opening offices in the City, in an effort to lure skilled workers and/or take advantage of state and local tax and regulatory advantages, while a very welcoming development, could certainly compound existing problems around scarcity and unaffordability in housing. Today, the Miami -Fort Lauderdale metro is already one of the least affordable large metro areas in the country, measured in terms of median -wage work hours needed to pay average monthly rent: at 87.1 hours, it ranks higher than San Francisco -Oakland (73.4 hours), Austin -Round Rock (70.4), New York - Newark (69.4 hours) and Boston -Cambridge (67.0 hours), among others. The combination of relatively high average rents with relatively low median wages is, in a nutshell, the central dynamic of the City's unaffordability crisis. According to the Affordable Housing Blueprint. Needs Assessment crafted by the Jorge M. Perez Metropolitan Center at Florida International University (FIU), "the most serious problem in Miami -Dade County is the estimated 251,732 renter households who are cost -burdened and the 140,062 renter households who are `severely' cost -burdened. The significant growth of severely cost -burdened renters is the most pressing problem due to three market conditions: 1) the increasing demand for renter housing throughout the County resulting in low vacancy rates and spiraling increases in rent prices, 2) the lack of affordable rental housing production, and 3) rent prices are increasing much faster than wages." Furthermore, "[... ] the vast preponderance of County workers earn wages in service sector occupations, including retail trade, leisure and hospitality, and educational and health services. The household incomes of these service sector workers limit housing choices to affordable rental housing opportunities, where available." The problem is compounded, moreover, by the fact that, historically, the City's economy "[... ] has shown it can shed higher wage jobs very quickly but has shown resistance to adding new high -skill, higher -paying jobs." Currently, already six in 10 employed adult residents of Greater Miami are housing cost -burdened, meaning they spend more than 30 percent of their incomes on housing — the highest rate of any large metropolitan area in the nation. Racial and ethnic minorities, as well as our community's low-income service workers, shoulder a disproportionate share of the burden of today's housing crisis. The following facts provide chilling insight into the scope and impact of the current crisis: Packet Pg. 425 2.12.a N R 14t' Street Apartments Project ■ About 49% of Miami -Dade County's households are renters. Between 2012 and 2017, the County has seen its proportion of renter households grow by 11.4%, or nearly 2% annually. Miami, in particular, has become a city of renters: the City's homeownership rate, at 30%, is the lowest among large cities in the U.S. ■ Miami's renter population is disproportionately African American and Hispanic with 55% of black households and 48% of Hispanic households renting, compared with just over 25% of white households. ■ Greater Miami's median rents are increasingly unaffordable. As of October 2018, the median rent for Greater Miami was $2,095 — the eighth highest in the nation behind communities like Denver, Portland, Dallas and Austin. Said median rent requires an annual household income of not less than $83,800 for such rent to be "affordable" or for the household not to be "cost -burdened." ■ Miami's low-income service class — workers in low -skill jobs like retail, hospitality, food service and home care which make-up more than 50 percent of the region's workforce — is severely cost -burdened. Miami's service class faces the greatest rental cost burdens among all classes with just under $11,000 in annual income left -over after paying rent — the 51' worst rate among large metropolitan areas in the nation. ■ At the same time, an estimated 45% of the jobs created in the City from now through 2024 will be in occupations with a median annual income less than $35,000 per year: meanwhile, more than 9 out of 10 90.9% of renters in Greater Miami earning less $35,000 annually are cost -burdened. ■ Miami, in particular, has the highest proportion of cost -burdened renters in the nation by a significant margin. More than half of renters 6( 2A*/o spend 35 percent or more of their household income on rent. Moreover, 32% of all renter households are "severely" cost -burdened — paying an excess of 50 percent of their incomes on housing costs. Greater Miami's renters have the least amount of money left over after paying for housing of any large metro: Miami's renters have, on average, less than $16,000 left over after paying their rent, far less than the $30,000 or so in take-home income that renters in Washington, D.C. and Boston have left over after paying for their housing. Crucially, though, despite the bleak picture, Miami has a lot of gains to reap by increasing the stock of affordable housing, gains that are broader than strictly dealing with housing scarcity and unaffordability. As stated in FlU's Miami Affordable Housing Master Plan, "affordable housing has broad -based economic growth impacts. As families keep more of their income, they drive greater local spending which in turn stimulates high -wage job creation, increased tax revenue, and lower public costs for health, human services and policing." Conversely, "keeping housing costs as a reasonable percentage of family income promotes higher educational attainment and improves family health outcomes, as families have more money to spend on education and health costs." It is clear that "improved affordability promotes inclusive economic growth". ■ "Housing affordability can be a potent tool for improving economic performance, driving employment growth, productivity, wages, business development, and retaining and attracting high -skilled, educated workers to the region." ■ "The cumulative economic impacts of greater, more widespread housing affordability would be a major boost to developing a more diversified, higher income City economy. " ■ "Affordable housing is b.4 critical to Miami Dade County's economic resilience [...j" N TJNVESTMENTS.COM Packet Pg. 426 2.12.a I N R 14'h Street Apartments Project CONSISTENCY WITH CRA REDEVELOPMENT PLAN Chapter 4 of the CRA proposed amendment to the Redevelopment Plan (2019) reaffirms the importance of the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than 80% AMI). Among the policy reasons articulated for such community benefits requirement are: (i) preservation of the affordability of the neighborhood; (ii) prevention of existing resident displacement; and (iii) provide area workers an opportunity to live near work. On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with varying types of employment can live in one area. To that end, the CRA outlined the following programmatic methods it can employ to increase the supply of affordable housing: To Assist For -Profit Housing Providers in the CRA could.- 2) Pay some portion of development costs such as impact or permit fees 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the increases in taxes paid over a defined period of time after completion if affordable units are provided. In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified the following goal on page 5-56 of the Redevelopment Plan: 6) Housing Affordability — The CRA should fund established and creative new ways to increase the stock of workforce and lower income affordable housing within the district. GOALS: a) Create project -specific developer incentives to ensure that new or significantly redeveloped residential projects in the CRA contain a sufficient number of units that are affordable to the targetpopulations. The Project and accompanying request seek financial support from the CRA to underwrite the development of residential units, specifically for low-income and workforce households, and asks the CRA to provide the Applicant with a project -specific incentive. NRINVESTMENTS.COM Packet Pg. 427 2.12.a 14t' Street Apartments Project PROJECT DESCRIPTION The Developer proposes to enter into a public -private partnership with the CRA to advance the CRA's goal of developing much needed affordable and workforce housing units within the redevelopment area. Applicant proposes to construct a 35-story tower on land it purchased over the course of the last four years which will consist of a mixed -use project comprised of the following elements: (i) 398 multi -family residential units; and (ii) approximately 9,000 sq. ft. of ground floor commercial use (the "Project'). Applicant proposes to assist the CRA in advancing its Redevelopment Plan goal by restricting rents for ALL of the 398 residential units within the Project through the life of the CRA as outlined herein below. The rent restrictions proposed will ensure that the Developer make residential units available to low-income households and households who can afford "workforce" rents, more specifically teachers, police officers, firefighters, nurses, first responders, and recent college graduates, among other professions. The Project represents the Developer's latest investment in the Omni "Arts + Entertainment District" — a dynamic urban residential neighborhood connecting the CRA & Downtown Miami with the Wynwood Arts District and the Design District. With the surrounding expansion, the Arts + Entertainment District has seen growth in its residential, culinary, entertainment and nightlife offerings, but substantial land remains undeveloped and a number of buildings remain dilapidated within the district evidencing the continued "slum & blight conditions" within the CRA. Applicant's CANVAS project, an art -inspired condominium offering a "bohemian luxe" lifestyle immersed in the local art, culinary & cultural scene, has served to anchor the district's ascendant trajectory. Beyond its project investments within the redevelopment area, NR Investments, Inc., has invested approximately $2 million in efforts to beautify the Arts & Entertainment District, attract new businesses and retailers to the area, and deliver high -quality arts, music and community programming, including "The Miami Flea," a pop- up market, and a "Moonlight Grooves," a music series held on CANVAS's backyard, among others. Given the Project's location just north of Downtown Miami, it is conveniently accessible via multiple modes of transit, including: (i) the MetroMover via the "School Board Station" on N.E. 151 Street; (ii) the City's free trolley system; and (iii) Virgin Trains' service at Grand Central Station. The inclusion of the proposed affordable and workforce dwelling units in the Project will provide residents convenient access to employment opportunities via mass transit servicing greater Downtown Miami area and portions of the South Florida region via inter -city passenger rail service. Illustrative Project rendering enclosed as Exhibit "A". 4 Packet Pg. 428 2.12.a H R 14th Street Apartments Project REQUESTED PROJECT SUPPORT Applicant's request assumes the approval of an extension of the term of the CRA through 2047 and obligations of the Applicant and CRA pursuant to an Incentive Agreement would be conditioned upon the passage of such an extension. With the clarification, Applicant proposes the following development restrictions and makes the following request of the CRA to assist the Project: Proposed Residential Restrictions: Applicant proposes to rent -restrict 398 residential dwelling units — 27 studio dwelling units, 300 one -bedroom dwelling units and 71 two -bedroom dwelling units — as set forth in the "Project Information Sheet" attached hereto as Exhibit "R." Said rent -restrictions will be remain in place from the date the Residential portion of the Project is placed in-service (as evidenced by the issuance of a temporary certificate of occupancy or certificate of occupancy for a residential dwelling unit) through the date of the CRA's expiration (2047). The Applicant will be permitted to adjust the maximum rent per unit for each unit type consistent with the rate schedule adopted by the Corporation for "Multifamily Rental Programs" for Miami -Dade County. The Developer will impose a Covenant setting forth the rent restrictions and the minimum number of rent -restricted units by type. The Covenant shall grant the enforcement rights to the CRA through the term of its existence. Requested Financial Support: Applicant requests partial loss reimbursement of $15.0 million, along with a rebate of 95% of the TIF collected by the Omni CRA from the Project. Developer anticipates that the rebated tax increment generated by the Project will amount to approximately $13.6 million in gross receipts, or approximately $8_7 million in present value. The partial loss reimbursement and TIF receipts will be used to offset the estimated $38.0 million in gross economic loss (in the 2047 scenario). Moreover, the project foresees around $4_3 million in estimated permit fees, water & sewer connection charges, and impact fees to be assessed at the initiation of the Project. See Exhibit "C" attached hereto. Construction costs have increased significantly in the last year, reflecting higher costs of materials and labor alike. The sharp post COVID-19 economic rebound, coupled with unprecedented public sector relief and stimulus outlays, are expected to create supply-side and labor bottlenecks, which threaten to exacerbate and prolong upward price pressures. The requested financial support will significantly help to offset these factors. ii. The value of the requested financial support partial loss reimbursement of $15.0 million and TIF rebate in the amount of $8_7 million in present value— is still substantially lower than the value of the losses generated by the rent and use restrictions detailed above: $38.0 million. This is without including the project's approximately $4_3 million in estimated permit and impact fees. iii. The calculation of rent and use losses assumes that market rent prices will grow at a conservative rate of 3.00% per year. That being said, the specific area where the project is located is undergoing —and has, in fact, been experiencing for years— rapid growth and redevelopment, in the larger context of a City which expects to continue expanding its population and urban core. Therefore, it is not at all unreasonable to anticipate that market rates will increase at a much higher pace, which would, in turn, cause an even greater loss in rents due to the restrictions in place. In other words, the project's financial projections may very well be underestimating the losses generated by the rent restrictions. iv. The future resale/refinance value of the building, which is calculated on a cash flow basis, is also substantially diminished by the rent restrictions, by as much as $46.314.638, based on a standard market cap of 5.00%. NRINVESTMENTS.COM Packet Pg. 429 2.12.a Uzi N F 14`h Street Apartments Project In sum, applicant deems that the project's present value losses and increased construction costs easily exceed the support sought, with even conservative estimates of market rents growth during the period. NRINVESTMENTS.COM Packet Pg. 430 2.12.a �z H R 14'' Street Apartments Project APPLICANT EXPERIENCE & QUALIFICATIONS 14'h Street Development LLC, is a subsidiary of NR Investments, Inc. ("NR" ), a privately held real estate investment company. Each of the company's principals and senior executives has extensive experience in real estate capital markets, acquisition, asset management, development, construction and risk management. NR believes in fostering cultural movements and communities in undiscovered areas, and in making their buildings the beacons of their renaissance. NR specializes in acquiring developing, repositioning, and managing real estate assets in major markets throughout the world. The company has acquired more than 10 million square feet of office and residential space across the globe. Over the past 18 years, NR has purchased, developed, repositioned and sold over $700 million of multifamily and commercial real estate assets. Recent Development Experience ■ Filling Station Lofts: In January 2013, NR stepped into Miami's Omni / Arts & Entertainment District with the acquisition and subsequent completion of Filling Station Lofts, an 81-unit loft -style apartment building. ■ CANVAS Condominiums: In November 2013, NRI closed on the 1.07-acre CANVAS condominium site. NR constructed a 37-story, 513-unit residential condominium tower that received its final certificate of occupancy (C.O.) at the end of 2018, and was delivered in 2019. OualiTcations ofPrincipals ■ Nir Shoshani — Principal. Prior to forming NR in 2001, Mr. Shoshani held the title of President at TiS America, Inc., a subsidiary of Top Image Systems Ltd. (NASDAQ: TiSA), a publicly traded, high-tech firm headquartered in Israel with operations around the globe. Mr. Shoshani is a graduate of the Belgrano School of Business in Buenos Aires. Ron Gottesmann — Principal. Prior to forming NR in 2001, Mr. Gottesmann worked as a mortgage broker overseeing the operation of GFI Mortgage Bankers Inc. of New York. With Mr. Shoshani, Mr. Gottesmann leads NR which today is a fully integrated development firm which owns and manages a wide variety of real estate, including large scale office buildings, commercial shopping centers, and multi -family housing. Under Mr. Gottesmann's leadership, the firm has maintained a consistent focus on property repositioning via the acquisition of underperforming buildings in high visibility locations rehabilitating them to their full potential through extensive renovation and management restructuring. Terry Wellons — C.O.O. Mr. Wellons serves as the Chief Operating Officer at NR. He leads the United States team directing a group of highly experienced attorneys, accountants and portfolio and property managers. He has a background in finance and as a real estate attorney, serves as lender's counsel and representing buyers and sellers of real estate, aids NR in each aspect of NR's business, effectively negotiating and gauging the legal and financial risks involved with each transaction. Mr. Wellons holds a degree in finance from Florida International University and a law degree from Nova Southeastern University NPdNVESTMENTS.COM Packet Pg. 431 2.12.a EXHIBIT "A" PROJECT RENDERING NRIWESTMENTS.COM 14t' Street Apartments Project F, M v a� 0 L a a� a� L r E LL Z M M O O (n O Q O L a a) d +L+ v D: Z M M O O C d E M U IC Q 8 Packet Pg. 432 2.12.a �i NR EXHIBIT "B" 14' Street Apartments Project Omni CRA Tax Increment Recapture Agreement Project Information Sheet Developer/Applicant: 141 Street Development LLC Contact Person: Terry Wellons, C.O.O. Telephone: (305) 625-0949 E-mail: terrv'a7nrinvestments.com Project Address: 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 141 Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida Property Information Prior 2019 Year Taxable Values Folio Numbers Existing Building Size Lot Size 2018 2017 01-3136-005-1110 0 s�. ft. 0 sj ft. 929 s.ft. 7,600 sq. ft. $1,333,420 $1,212,200 $1,102,000 01-3136-005-1070 11,400 sq. ft. $1,875,630 $1,705,119 $1,550,109 01-3136-005-1060 5,700 sq. ft. $874,463 $794,967 $722,698 01-3136-005-1180 0 sq. ft. 3,355 sq. ft. $551,489 $501,354 $486,475 01-3136-005-1151 0 sq. ft. 5,000 sq. ft. $821,892 $750,000 $679,250 01-3136-005-1150 0 sq. ft. 2,200 sq. ft. $361,632 $328,757 $298,870 01-3136-005-1140 0 sq. ft. 4,200 sq. ft. $690,389 $627,627 $570,570 01-3136-005-1130 0 sq. ft. 4,200 sq. ft. $690,389 $627,627 $570,570 01-3136-005-1090 0 sq. ft. 6,300 sq. ft. $1,035,584 $941,440 $855,855 Total: 929 sq. ft. 49,955 sq. ft. $8,234,888 $7,489,091 $6,836,397 Type of Project: Construction Commencement: Project Construction Completion Date: Project Construction Cost: Estimated Adj. Taxable Value (TIF Basis): Residential Square Footage: Retail Square Footage: Property Acquisition Date: Total Acquisition Cost: Projected Residential Rent (Per Unit Type): Mixed Use (Retail, Multi -Family Residential) June 1st, 2022 October 11, 2024 $141,414,310 $65,088,738 297,625 sq. ft. +/- 8,706 sq. ft.+/- May 2014 and February 2015 $7,842,000 Studio - $1,747 / 1BD - $2,224/ 2BD- $2,750 NRINVESTMENTS.COM Packet Pg. 433 2.12.a H R 14t' Street Apartments Project Proposed Affordability Restrictions: 2047 Unit Type Total Units Maximum Rent $960 Studio- 60% AMI 2 Studio- 80% AMI 3 $1,280 Studio- 100% AMI 4 $1,600 Studio- 120% AMI 5 $1,920 Studio- 140% AMI 13 $2,240 1BD- 60% AMI 15 $1,029 1BD- 80% AMI 30 $1,372 1BD- 100% AMI 45 $1,715 BD- 120% AMI 60 $2,058 —I 1BD- 140% AMI 150 $2,469 2BD- 60% AMI 3 $1,234 2BD- 80% AMI 7 $1,646 2BD- 100% AMI 11 $2,058 2BD- 120% AMI 14 $2,469 2BD- 140% AMI 36 $2,880 Total: 398 - NRINVESTMENTS.COM 10 Packet Pg. 434 2.12.a �A EXHIBIT "C" FINANCIAL ANALYSIS 14'h Street Apartments Project LL H RESIDENTIAL ECONOMIC LOSS d O L a 4 5 6 ] B 9 10 11 Tea Yaen 0m mz 2028 3 19 x0]0 2n31 MR 2833 Tool L Mnuel gentbss: ($1244,830) ($1.383,1651 ($1j20,63D) ($1,360,2a8) ($1401056) ($1,"3A86) ($1486,3�1 151,530,9J2) ($11A69,358) Y N Valuation lnss ($14,tG6,400) 1525,643,292) ($26,414S911 ($27,204,90) I$M021118) ($28,Bfi1,751) I$N,,]27,fiO4) ($ ,M.432) ]1 13 14 15 16 11 SR 19 r TV Yun r 2014 103e 3037 ,.Qj4 3039 ZWO 2W1 T-i i+ A,snaal pent lass: ($1,6242001 ($46T2,934) 151,]23,1221 I$1,T249161 ($18]eA6o1 ($1882,902) I51939,3B9) 1$14.02Z,3311 A=` V31Vadm lav 1531,538,015) 153Z.484,ss5) 1$33,4A-1 ($31,462,440) ($35e96,313) ($36,-,203) 1$3],65R,m) w 21 22 23 24 25 26 21 28 +.+ T.- v% 1002 I43 SOM 2R6 2046 1Ml M}_e 2M2 T-1 Q% i Annul Rent lav: (51.997,571) ($2A5).4981 ($2,119.2231 (52,181J99) ($1248,263) ($2,315,732) SD $D ValuaBm lass ($39,%1,4131 (541,149,956) ($43,384.464) ($43,655,988) ($44,%S,fi6B) ($46,314,6W $0 $D w Nay We4hted Mel Ratdtdan4F Btttt4m 50%d Units 9990% Total Rent lass: (538,012,J951 M M O O R UN TIF TO DEVELOPER CALCULATION O CL O L a r m m CRR/0eveloper Retainage: 95% GrovrtM1 Pate: 1.03 L '��/a"��a Oismunt Rate 3% 4e� MIII RRate Ta bl Value 130201 Taxable Value {I1[.O.I Rd6Taotle Valve TUReCe1pU'Ne11 OfAllf 95%1 CRAReOinM965%) CO.— [lawbad (35%) nidp lOperating J.4365 $8,J00,(IDO $T3,]88,238 $fn}I88,]3B $484,032 $459,831 5296,890 $1W,941 MIaml Datle CaunN Opentlng 9.6fi69 $R,]OO,OW $]3,18%M $.,0.,73B $303.]63 $288,5]5 $187,- $101001 TotlRe�ts: $787,A5 $]48,405 $486,IQ $261,942 1,6 TaaYears Z 3026 202] 20x8 2039 2t® M31 2D32 2033 TOGI W CM $486,463 $501,057 $516A89 5531,5n S54],519 $563,944 $i80,863 $598,269 S4,325,796 M nFta Oeveleper. $461,140 $4]6,- $490,385 $$04993 $52A143 $539,]4J $551820 %M,314 $4,109,50] M HELD Devel40er (P1n: $410,- $410,606 $410,606 $410,506 $41gW $410,606 $41D,606 $410,606 $3,284,845 ((�' O u Years r 2034 W35 LH6 M3] 2ni6 m9 x040 2041 Taal TFm6314: $585,4" $fi02,988 5621078 $639,]10 $698,902 $678,6W $699,029 $719,999 $5205,800 iF nF to DeYelaper. $556,154 $SJ2,839 $590..4 $6 m $6ns% $W4,]35 $661,0]] $683.999 $494,,510 nFm Deadorer(w): $3",OJ5 S3W,075 $390,OJ5 $3wm 539%- $390,0]5 $3W,015 $390,075 $3,I20,fiO3 u Years E Z IOe 1043 x040 21W5 xIIR6 2046 2047 0 TaGI TIF t4 CM: $741,599 $-A47 nF to Oevelaper. $704,519 $M,655 $78fi,J63 $747,425 $830966 $]69,W] $83 w $M2913 %59,]1] $916,731 $0 $0 $0 $0 $0 $D $d,796,969 $"1,121 r nFta D4rvdoperlRV): $390,O75 $390A]5 $390AJ5 $39DAJ5 $39WS S3W.0]5 $0 $0 SO $2940,452 �nF Q Tanl nF t9 CRA: $14,328,565 nF to OcelaRv: $13,612,137 of to Devaiepr(PV): $8,745,9W NRINVESTMENTS.COM it Packet Pg. 435