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Omni Master Report
CRA
Enactment Number: CRA-R-17-0032
File Number: 2362
Revision: A
File Type: OMNI CRA
Resolution
File Name: Omni CRA Declaration of Intent — Reimbursable
Loan
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
htto://miamicra.com
Status: ADOPTED
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 5/17/2017
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 5/25/2017
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), DECLARING THE OFFICIAL INTENT OF THE CRA, TO
ISSUE TAX INCREMENT FINANCING BONDS IN THE EXPECTED TOTAL MAXIMUM
PRINCIPAL AMOUNT NOT TO EXCEED TWENTY-FIVE MILLION DOLLARS
($25,000,000.00) IN ORDER TO, AMONG OTHER THINGS, REIMBURSE THE CRA
FROM TAX INCREMENT FINANCING BONDS FOR FUNDS ADVANCED BY THE CRA
FOR CERTAIN EXPENSES INCURRED WITH RESPECT TO PROJECTS OF THE
CRA, REAL PROPERTY ACQUISITION, AFFORDABLE HOUSING PROJECTS, AND
CERTAIN RELATED CAPITAL IMPROVEMENTS PROJECTS; ESTABLISHING
CERTAIN RELATED DEFINITIONS OF TERMS; AUTHORIZING CERTAIN FURTHER
AND INCIDENTAL ACTIONS BY THE EXECUTIVE DIRECTOR, IN CONSULTATION
WITH GENERAL COUNSEL AND BOND COUNSEL, AND SUCH OTHER
APPROPRIATE OFFICERS, EMPLOYEES, AND AGENTS OF THE CRA, AS THE
EXECUTIVE DIRECTOR DEEMS NECESSARY, ALL AS REQUIRED FOR PURPOSES
OF SECTIONS 103 AND 141-150 OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO UNDERTAKE
THE RELATED AMENDMENTS TO THE CRA'S REDEVELOPMENT PLAN
PREVIOUSLY ADOPTED SEPTEMBER 29, 2009 ("AMENDED 2017 PLAN");
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT THE AMENDED 2017 PLAN
AND THIS RECOMMENDATION TO THE CITY MANAGER FOR REVIEW AND
CONSIDERATION, AND TO REQUEST SUBSEQUENT TRANSMITTAL TO THE MIAMI
CITY COMMISSION AND MIAMI-DADE COUNTY COMMISSION FOR LEGISLATIVE
ACTION.
Notes:
Links:
Attachments: 2362 Exhibit (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action:
Result:
A Barnaby L. Min
5/19/2017
Attorney Review
Completed
A OMNI Community
5/25/2017
Meeting
Completed
Redevelopment Agency
A OMNI Community
5/25/2017
ADOPTED
Passed
City of Miami
Page 1 of 2
Printed on: 911412022
dr, OMNI
". Community Redevelopment Agency
Omni Master Report
CRA
Enactment Number: CRA-R-17-0032
Redevelopment Agency
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
City of Miami Page 2 of 2 Printed on: 911412022