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Home My WebLink AboutOMNI CRA 2021-10-28 MinutesCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com C R A Meeting Minutes Thursday, October 28, 2021 12:00 PM City Hall 3500 Pan American Drive Miami, FL 33133 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 Minutes October 28, 2021 CALL TO ORDER ORDER OF THE DAY Present: Chair Russell, Vice Chair Carollo, Commissioner Diaz de la Portilla, and Commissioner Watson Absent. Commissioner Reyes On the 28th day of October 2021, the Board of Commissioners of the OMNI Community Redevelopment Agency of the City of Miami met in special session at Miami City Hall located at 3500 Pan American Drive, Miami, Florida. The meeting was called to order by Chair Russell at 7:22 p.m., and was adjourned at 7:24 p.m. ALSO PRESENT. Jason Walker, Executive Director, CRA Marlon Hill, Outside Counsel, CRA Barnaby Min, General Counsel, CPA Todd B. Hannon, Clerk of the Board Chair Russell: Good evening. Calling to order the Omni Community Redevelopment Agency special meeting of October 28, 2021, here at City Hall. Commissioners present are Commissioner Carollo, Commissioner Diaz de la Portilla, Commissioner Watson, and myself, your Chair, Ken Russell. We are now in order. We have two items before us that were brought up and deferred from a previous meeting, Item Number 1 and Item Number 2. CRA PUBLIC COMMENTS Chair Russell: I'd like to open the floor for public comment at this time. If there's anyone who'd like to speak on either of these items, this is your moment. Opening public comment. Seeing none, we'll close public comment and open it to the dais. OMNI Community Redevelopment Agency Page 1 Printed on 31212023 OMNI Community Redevelopment Agency Meeting Minutes October 28, 2021 OMNI CRA RESOLUTION(S) 1. 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. ENACTMENT NUMBER: CRA-R-21-0044 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Joe Carollo, Board Member, District Three SECONDER: Ken Russell, Board Member, District Two AYES: Russell, Carollo, Diaz de la Portilla, Watson ABSENT: Reyes Chair Russell: Is there a motion on Items I and 2? Vice Chair Carollo: So move. Chair Russell: Moved by Commissioner Carollo, seconded by the Chair. Open for discussion. Seeing none, all in favor of the items, say "aye. " The Board Members (Collectively): Aye. Chair Russell: Any opposed? Motion passes. Thank you very much for the world's shortest ever CRA (Community Redevelopment Agency) meeting. I could be wrong in that. There may have been much quicker ones than that in the past. We are adjourned. Thank you. OMNI Community Redevelopment Agency Page 2 Printed on 31212023 OMNI Community Redevelopment Agency Meeting Minutes October 28, 2021 2. 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. ENACTMENT NUMBER: CRA-R-21-0045 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Joe Carollo, Board Member, District Three SECONDER: Ken Russell, Board Member, District Two AYES: Russell, Carollo, Diaz de la Portilla, Watson ABSENT: Reyes ADJOURNMENT Note for the Record. For minutes referencing Item Number 2, please see Item Number 1. The meeting adjourned at T-24 p.m. OMNI Community Redevelopment Agency Page 3 Printed on 31212023