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HomeMy WebLinkAboutCRA-R-19-0043OMNI ��`a► Community Redevelopment Agency Omni Legislation C R A OMNI CRA Resolution: CRA-R-19-0043 File Number: 6715 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com Final Action Date: 10/30/2019 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") AUTHORIZING THE ISSUANCE OF A GRANT IN AN AMOUNT NOT TO EXCEED NINE HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($975,000.00) TO THE CITY OF MIAMI ("CITY") FOR COSTS ASSOCIATED WITH THE CAPITAL IMPROVEMENT OF THE TRAFFIC CIRCLE AT NORTH BAYSHORE DRIVE ("PROJECT") LOCATED WITHIN THE BOUNDARIES OF THE OMNI REDEVELOPMENT AREA WITH ALL WORK TO BE PERFORMED THROUGH THE CITY'S OFFICE OF CAPITAL IMPROVEMENTS; AUTHORIZING THE EXECUTIVE DIRECTOR TO APPOINT A REPRESENTATIVE FROM THE OMNI CRA TO BE ADVISED ON ALL PLANS AND PROPOSALS FOR THE PROJECT; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, AT THE EXECUTIVE DIRECTOR'S SOLE DISCRETION, UPON THE PRESENTATION OF SATISFACTORY INVOICES AND DOCUMENTATION; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM 2019-2020 OMNI BUDGET LINE ITEM 31. 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 ("Plan"); and WHEREAS, Section 4.4.D. at page 42 of the Plan lists the elimination of conditions which contribute to blight as a stated redevelopment objective; and WHEREAS, Section 4.4.A on page 41 of the Plan also lists that the CRA should "Provide for greater connectivity by diminishing the impact of existing urban barriers to redevelopment and promoting regional transportation;" and WHEREAS, the CRA wishes to complete the North Bayshore Drive Traffic Circle Project as a necessary redevelopment objective capital improvement project within the Redevelopment Area ("Project"); and WHEREAS, the Executive Director recommends that the CRA contribute $975,000.00 towards the City of Miami's ("City") budget for the Project; and WHEREAS, the Board of Commissioners wishes to authorize funding for the Project; City of Miami Page 1 of 2 File ID: 6715 (Revision:) Printed On: 121912019 File ID: 6715 Enactment Number: CRA-R-19-0043 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 issuance of a grant in an amount not to exceed $975,000.00 to the City to underwrite costs associated with the Project is approved. Section 3. The Executive Director is authorized to disburse funds on a reimbursement basis or directly to vendors, solely in the Executive Director's discretion, upon presentation of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute any and all documents necessary for said purpose, all in a form acceptable to General Counsel. Section 5. Funds are to be allocated from 2019-2020 Omni TIF Budget line item 31, page 5. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: Barnaby L. Min, Deputy City Attorney 10/2412019 City of Miami Page 2 of 2 File ID: 6715 (Revision:) Printed on: 121912019