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Omni Master Report
CRA
Enactment Number: CRA-R-17-0034
File Number: 2499
Revision: A
File Type: OMNI CRA
Resolution
File Name: Omni CRA Series 2017 Loan
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
htto://miamicra.com
Status: ADOPTED
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 6/14/2017
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 6/21/2017
Title: A RESOLUTION OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), APPROVING THE TERM
SHEET FROM BANKUNITED, N.A. TO PURCHASE THE AGENCY'S NOT
EXCEEDING $25,000,000 PRINCIPAL AMOUNT TAX INCREMENT REVENUE NOTES,
SERIES 2017 THE PROCEEDS OF WHICH WILL BE APPLIED TO FINANCE A
PORTION OF THE COSTS OF THE AGENCY'S REDEVELOPMENT PLAN;
AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT WITH
SAID BANK PURSUANT TO WHICH THE AGENCY WILL ISSUE ITS 2017 NOTES OR
NOTES TO SECURE THE REPAYMENT OF SAID LOAN; PROVIDING FOR THE
PAYMENT OF SUCH 2O17 NOTES OR NOTES FROM INCREMENT REVENUES AND
OTHER PLEDGED AMOUNTS ALL AS PROVIDED IN THE LOAN AGREEMENT;
AUTHORIZING THE PROPER OFFICIALS OF THE AGENCY TO DO ANY OTHER
ADDITIONAL THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION
WITH THE EXECUTION OF THE LOAN AGREEMENT, THE 2017 NOTES OR NOTES,
AND THE SECURITY THEREFOR; AUTHORIZING THE EXECUTION AND DELIVERY
OF OTHER DOCUMENTS IN CONNECTION WITH SAID LOAN; PROVIDING FOR
SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
Notes:
Links:
Attachments: 2499 Exhibit A (PDF)
2499 Loan Letter of Interest (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez 6/15/2017 Approved Form and Completed
Correctness
OMNI Community 6/21/2017 Meeting Completed
Redevelopment Agency
OMNI Community 6/21/2017 ADOPTED Passed
Redevelopment Agency
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