HomeMy WebLinkAboutCRA-R-22-0019 Master ReportOMNI
t OMNI CRA
.■. Community Redevelopment Agency 1401 N. Miami Avenue
i Miami, FL 33136
OmnMaster Report http://miamicra.com
CRA
Enactment Number: CRA-R-22-0019
File Number: 12071 File Type: OMNI CRA Status OPTED
Resolution
Revision: Controlling Body&MNl unity
File Name: K-P 1900 Biscayne JV, LLC - Edgewater Collective V
rod : 6/6/2
Project Economic Incentive Agreement
Requesting Dept: OMNI Community Redevelopment Agency I A Dat /2022
Title: A RESOLUTION OF THE BOARD OF THE CO SIONERS O E OMNI
REDEVELOPMENT DISTRICT COMMLIN RE LOPMENT ENCY ("CRA"),
WITH ATTACHMENT(S), AUTHORIZING CRA EBAT K-P 1900
BISCAYNE JV LLC, A DELAWARE LIMITE ILI M ("DEVELOPER"),
THE TAX INCREMENT FINANCE "TIF") REV S G ED ONLY FROM THE
DEVELOPMENT BY THE DEVE E EC AN AMOUNT NOT TO
EXCEED 95% OF THE TIF COLL JECT ANNUALLY,
PAYMENT BEING UPON TA COMPLE OF THE PROJECT
RECEIVING A CERTIFICAT Occ CY OR TEMPORARY CERTIFICATE OF
OCCUPANCY, SUBJE TO ENT NOT LESS THAN 10% OF THE
PROJECT'S DWE ITS B RE CTED UNTIL 2030, OR UNTIL 2047 IF
THE LIFE OF T A IS EXTEND O 2047, AT RENTS SERVING HOUSEHOLDS
EARNING NOT SS THAN 60°/ F A MEDIAN INCOME (AMI) AND NOT MORE
THAN 100% O I; FURTHER THORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE A XECUTE AN ND ALL DOCUMENTS NECESSARY FOR SAID
PURP LL I ORM A TABLE TO GENERAL COUNSEL.
Notes:Aft
Links:
Atta nts: 1 Exh11lMEMPrPDF)
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Re ion: A 2111Tody:
Date:
Action:
Result:
P"IlrNI Community
6/9/2022
Meeting
Completed
edevelopment Agency
OMNI Community
6/9/2022
ADOPTED
Passed
Redevelopment Agency
Victoria Mendez
6/9/2022
Approved Form and
Completed
Correctness
City Clerk's Office
6/9/2022
Rendered
Completed
City of Miami Page 1 of 1 Printed on: 611012022
Rescinded by CRA-R-23-0012