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HomeMy WebLinkAboutOMNI CRA 2023-04-27 AgendaCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Omni C R A Meeting Agenda Thursday, April 27, 2023 9:30 AM (OR THEREAFTER) City Hall 3500 Pan American Drive Miami, FL 33133 OMNI Community Redevelopment Agency Alex Diaz de la Portilla, Chair, District One Joe Carollo, Vice Chair, District Three Sabina Covo, Board Member, District Two Manolo Reyes, Board Member, District Four Christine King, Board Member, District Five OMNI CRA OFFICE ADDRESS: 1401 N. Miami Avenue, 2"d Floor Miami, FL 33136 Phone: (305) 679-6868 www.miamicra.com OMNI Community Redevelopment Agency Meeting Agenda April 27, 2023 CALL TO ORDER APPROVING THE MINUTES OF THE FOLLOWING MEETING(S) 1. Minutes of Meetings - April 9, 2020 to October 13, 2022 OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 13907 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE ISSUANCE OF A GRANT FROM 2022-2023 OMNI TAX INCREMENT BUDGET LINE ITEM 16 IN AN AMOUNT NOT TO EXCEED $310,000.00 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. 2. OMNI CRA RESOLUTION 13909 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, PURSUANT TO SECTION 18- 111 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), BETWEEN THE CRA AND ORANGE BARREL MEDIA, LLC, A DELAWARE LIMITED LIABILITY COMPANY, FOR THE PLACEMENT OF SIGNAGE ON THE MIAMI ENTERTAINMENT CENTER PROPERTY LOCATED AT 50 NW 14TH STREET, MIAMI, FLORIDA WITHIN THE OMNI REDEVELOPMENT DISTRICT, IN CONSIDERATION OF THE PAYMENT OF LICENSE FEES AS PROVIDED IN THE AGREEMENT; 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 THE INTENT OF THIS RESOLUTION, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. aVINI Community Redevelopment Agency Page 2 Printed on 4/25/2023 OMNI Community Redevelopment Agency Meeting Agenda April 27, 2023 3. OMNI CRA RESOLUTION 13912 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") RESCINDING CRA RESOLUTION CRA-R-22-0019, ADOPTED ON JUNE 9, 2022, RELATED TO THE APPROVAL OF A TAX INCREMENT FINANCE ("TIF") REBATE TO K-P 1900 BISCAYNE JV, LLC, FORA MIXED - USE AND MIXED -INCOME PROJECT KNOWN AS "EDGEWATER COLLECTIVE" FOR THE DEVELOPMENT OF PROPERTY GENERALLY LOCATED AT 1900 BISCAYNE BOULEVARD, MIAMI, FLORIDA, AND AUTHORIZING THE CRA TO REBATE TO 1900 BISCAYNE PROPERTY OWNER LLCA DELAWARE LIMITED LIABILITY COMPANY ("DEVELOPER"), THE TAX INCREMENT FINANCE ('TIF") REVENUES GENERATED ONLY FROM THE DEVELOPMENT BY THE DEVELOPER OF THE PROJECT IN AN AMOUNT NOT TO EXCEED 95% OF THE TIF COLLECTED FROM THE PROJECT ANNUALLY, PAYMENT BEING UPON SUBSTANTIAL COMPLETION OF THE PROJECT RECEIVING A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS FOR NOT LESS THAN 10% OF THE PROJECT'S DWELLING UNITS BEING RESTRICTED UNTIL 2030, OR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, AT RENTS SERVING HOUSEHOLDS EARNING NOT LESS THAN 60% OF AREA MEDIAN INCOME (AMI) AND NOT MORE THAN 100% OF AMI; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS, ALL IN ACCORDANCE WITH THIS RESOLUTION. 4. OMNI CRA RESOLUTION 13913 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") RESCINDING CRA RESOLUTION CRA-R-22-0020, ADOPTED ON JUNE 9, 2022, RELATED TO THE APPROVAL OF A TAX INCREMENT FINANCE ("TIF") REBATE TO K-P 2000 BISCAYNE JV, LLC, FOR A MIXED - USE AND MIXED -INCOME PROJECT KNOWN AS "EDGEWATER COLLECTIVE" FOR THE DEVELOPMENT OF PROPERTY GENERALLY LOCATED AT 2000 BISCAYNE BOULEVARD, MIAMI, FLORIDA,AUTHORIZING THE CRA TO REBATE TO K-P 2000 BISCAYNE JV LLC, A DELAWARE LIMITED LIABILITY COMPANY ("DEVELOPER"), THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED ONLY FROM THE DEVELOPMENT BY THE DEVELOPER OF THE PROJECT IN AN AMOUNT NOT TO EXCEED 95% OF THE TIF COLLECTED FROM THE PROJECT ANNUALLY, PAYMENT BEING UPON SUBSTANTIAL COMPLETION OF THE PROJECT RECEIVING A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS FOR NOT LESS THAN 10% OF THE PROJECT'S DWELLING UNITS BEING RESTRICTED UNTIL 2030, OR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, AT RENTS SERVING HOUSEHOLDS EARNING NOT LESS THAN 60% OF AREA MEDIAN INCOME (AMI) AND NOT MORE THAN 100% OF AMI; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS, ALL IN ACCORDANCE WITH THIS RESOLUTION. OMNI Community Redevelopment Agency Page 3 Printed on 4/25/2023 OMNI Community Redevelopment Agency Meeting Agenda April 27, 2023 5. OMNI CRA RESOLUTION 13914 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") APPROVING CONVEYANCE OF LAND WORTH $6,000,000 ("LAND") AND GRANTING OF A $9,900,000 PROJECT GRANT ("CRA GRANT FUNDS") ALL IN CONNECTION WITH THE WYNWOOD WORKS APARTMENT COMPLEX AND THE RELATED AGREEMENT FOR DEVELOPMENT OF PROPERTY DATED AS OF NOVEMBER 5, 2020 ("DEVELOPMENT AGREEMENT") PURSUANT TO THE PROPOSAL RECEIVED ON SEPTEMBER 11, 2019 FROM MAGELLAN HOUSING, LLC ("MASTER DEVELOPER") PURSUANT TO REQUEST FOR PROPOSALS NO. 992381 FOR THE DEVELOPMENT OF PLAT BOOK "B" PAGE 107 WITH ADDRESSES OF 2035, 2037, AND 2043 NORTH MIAMI AVENUE, MIAMI, FLORIDA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE THE CLOSING AND FUNDING DOCUMENTS AND ANY AND ALL OTHER DOCUMENTS NECESSARY, INCLUDING, BUT NOT LIMITED TO, ANY AGREEMENTS, DEEDS, AFFIDAVITS, COVENANTS, GRANT AGREEMENTS, REQUISITION APPROVALS, AMENDMENTS, RENEWALS, AND EXTENSIONS, IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, AND IN COMPLIANCE WITH ALL APPLICABLE REGULATIONS, AS MAY BE NECESSARY FOR SAID PURPOSE. ADJOURNMENT OMNI Community Redevelopment Agency Page 4 Printed on 4/25/2023