HomeMy WebLinkAboutCRA-R-24-0012 Donation Letter14th Street Development LLC
1600 Northeast 1st Avenue, Suite 3800, Miami, Florida
33132 1305.625.0949 jk.nelson@nrinvestments.com
January 31, 2024
OMNI CRA
Isiaa Jones
Executive Director
1401 N. Miami Avenue
2nd Floor
Miami, FL 33136
Re: 14th Street Development LLC Land Donation to Omni CRA
Dear Ms. Jones:
Pursuant to the request of the OMNI CRA ("CRA"), 14th Street Development LLC will donate approximately
1623 sq. ft. of land adjacent to the CRA property as more precisely described as:
The East 91.03 feet of the North 20 feet of Lot 10, in Block 16, less the East 10 feet, "North Miami,
(also known as ROBBINS, GRAHAM AND CHILLINGWORTH SUBDIVISION) according to the Plat
thereof, as recorded in Plat Book "A" at Page 49'h, of the Public Records of Miami -Dade County,
Florida.
This donation is contingent on the CRA Board approval. At the of the conveyance, the CRA will execute the
IRS Form 8283 attached hereto as "Exhibit A".
Please let me know if you have any questions.
Best Regards,
Kristofor W. Nelson, Esq.
General Counsel
N.R. Group Management, Inc.
on behalf of 14th Street Development LLC
EXHIBIT A
IRS FORM 8283
Page 2
Farm 8283
Department of the Treasury
Irnema'. Revenue Service Go to www,irs.gov/Form8283 for instructions and the latest information.
Noncash Charitable Contributions
Attach one or more Forms 8283 to your tax return if you claimed a total deduction
{Rev. November 2022) of over $500 for all contributed ro
p perky.
OMB No 154 -0074
Attachment
Sequence No. 155
Names) shown on your income tax return Identifying number
14 STREET DEVE;PI,EMT LLC 46-5425098
Note: Figure the amount of your contribution deduction before completing this form. See your tax return instructions.
Section A. Donated Property of S5,000 or Less and Publicly Traded Securities —List in this section only an item
(or a group of similar items) for which you claimed a deduction of $5,000 or less. Also list publicly traded
securities and certain other property even if the deduction is more than S5,000. See instructions.
MI Information on Donated Property —If you need more space, attach a statement.
1 (a) Name and address a` Ins
donee organization
(b) If donated property is a venic)e (see instructions).
check the box. Also enter the vehicle identification
number {unless Form 1096-C is attached}.
(c) Description and condition of donated properly
iFor a vehicle, enter the year.. make. model. and
mileaoe. For Securities arld other property.
see instructions.)
A
IIIIII I 'Mill
B
Li
111111iIIII
C
---1
111II1111'MI ll
D
I JIIIII III
■
II IiI-II I
Note. If the amount you claimed as a deduction for an item is S500 or less. you do not have to cmmnlatp rnliimr,e fat rf1 anri inl
(d) Date of the
contribution
(e) Dale acquired
by donor Imo.. yr.)
(1) How acquire:
by donor
(g) Donor's cost
or adjusted basis
(h) Fair market value
(see instructions)
(i) Method used to determine
the fair market value
A
B
C
D
E
Section B. Donated Property Over S5,000 (Except Publicly Traded Securities, Vehicles, Intellectual Property or
Inventory Reportable in Section A) —Complete this section for one item (or a group of similar items) for
which you claimed a deduction of more than S5,000 per item or group (except contributions reportable in
Section A). Provide a separate form for each item donated unless it is part of a group of similar items. A
qualified appraisal is generally required for items reportable in Section B. See instructions.
• Information on Donated Property
2 Check the box that describes the type of property donated.
a ❑ Art' (contribution of S20,000 or more) e ❑✓ Other Real Estate i ❑ Vehicles
b ❑ Qualified Conservation Contribution f ❑ Securities j ❑ Clothing and household items
c ❑ Equipment g 0 Collectibles" k ❑ Other
d ❑ Art' (contribution of less than S20,000) h ❑ Intellectual Property
' Art includes paintings, sculptures, watercolors. prints. drawings. ceramics, antiques. decorative arts. textiles, carpets, silver, rare manuscripts.
historical memorabilia, and other similar objects.
"Collectibles include coins. stamps. books. gems. jewelry, sports memorabilia. dolls. etc.. but not art as defined above.
Note: In certain cases, you must attach a qualified appraisal of the property. See instructions.
3 (a) Description of donated property (if you need
more space. attach a separate stalernentl
(b) It any tangible personal property or real property v:as donated, give a brief
summary of the overall physical condition of the property at the time of the gat.
(c) Appraised fair
market value
A
1,623 sgft of Land
Land- in good operating condition
900,000.00
B
C
Id) Date acquired
by donor
fmo.. yr,)
(c) Ho.v acquired by donor
(1) Donor's cost or
adjusted basis
to) For bargain sales.
enter amount
received
(h) Amount claimed
as a deduction
(see instructions)
(t) Date of
contribution
(see instructions)
A
2/12/2016
Purchased
273,280.00
N/A
B
C
For Paperwork Reduction Act Notice, see separate instructions.
Ca; No. 62299J
Form 8283 (Rev. 11-2022)
Form 8283 (Rev. 11-2022)
F:,::= 2
Narne(s) shown on your income tax return Identifying number
14TH STREET DEVELOPMENT LLC 46-5425096
Partial Interests and Restricted Use Property (Other Than Qualified Conservation Contributions) —
Complete lines 4a through 4e if you gave less than an entire interest in a property listed in Section B, Part I.
Complete lines 5a through 5c if conditions were placed on a contribution listed in Section B, Part is also
attach the required statement. See instructions.
Part 11
4a Enter the letter from Section B. Part I that identifies the property for which you gave less than an entire interest
If Section B, Part 11 applies to more than one property, attach a separate statement.
b Total amount claimed as a deduction for the property listed in Section B, Part I: (1) For this tax year -
(2) For any prior tax years .
c Name and address of each organization to which any such contribution was made in a prior year (complete only if different
from the donee organization in Section B, Part V. below):
Name of charitable organization (donee)
Address (number, street, and room or suite no.)
City or town, state, and ZIP code
d For tangible property, enter the place where the property is located or kept
e Name of any person, other than the donee organization. having actual possession of the property
5a Is there a restriction, either temporary or permanent. on the donee's right to use or dispose of the donated property?
b Did you give to anyone (other than the donee organization or another organization participating with the donee
organization in cooperative fundraising) the right to the income from the donated property or to the possession of
the property, including the right to vote donated securities, to acquire the property by purchase or otherwise, or to
designate the person having such income, possession, or right to acquire9
c Is there a restriction limiting the donated property for a particular use?
Part 111
Yes
No
Taxpayer (Donor) Statement —List each item included in Section B. Part I above that the appraisal identifies
as having a value of S500 or less. See instructions.
I declare that the following item(s) included in Section B, Part I above has to the best of my knowledge and belief an appraised value
of not more than S500 (per item). Enter identifying letter from Section B, Part I and describe the specific item, See instructions.
Signature of
taxpayer (donor}
Declaration . Appraiser
David Maggard
Business address (including room or suile no.
801 brickell Ave Suite 900
City or Mi)rA,stBterndEnde
Date
3,
I declare that I am not the donor. t e donee party to the transaction in which the donor acquired the properly. employed by. or related to any f the foregoing persons. or
married to any person who is relat to - of the foregoing persons. And. if regularly used by the donor, donee. or party to the transaction. I performed the majority of my
appraisals during my tax year for 01, _ persons.
Also. I declare that I perform appraisals on a regular basis: and that because of my quali5cations as described in the appraisal. I am qualified to make appraisals of the type
of property being valued. I certify teat the appraisal fees were not based an a percentage of the appraised property value. Furthermore, I understand that a false or
fraudulent overstatement of the property value as described in the qualified appraisal or this Form 8283 may subject me to the penalty under section 6701(a) (aiding and
abetting the understatement of tax liability). 1 understand that my appraisal wilt be used in connection with a return or claim for refund. I also understand that. if there is a
substantial or gross valuation misstatement of the value of the property cla ed on the return or claim for refund that is based on my appraisal. I may be subject to a penalty
under section 5595A of the Internal v e Code. as well as. her appli ble penalties. I affirm that I have not been at any time in the three-year period ending on the date
01 the appraisal barred from presenting avid_ a or teslimlin,i efore the epartment of the Treasury or the Internal Revenue Service pursuant to 31 U.S.C. 330fcj.
Sign Appraiser signature t4 1411"'{I ylPi r d Date 8/15/2023
Here
Appraiser name
Title
Identifying number
#RZ3896
Part V
Donee Acknowledgment
This charitable organization acknowledges that it is a qualified organization under section 170(c) and that it received the donated property
as described in Section B, Part I. above on the following date
Furthermore, this organization affirms that in the event it sells, exchanges, or otherwise disposes of the property described in Section
B, Part I (or any portion thereof) within 3 years after the date of receipt, it will file Form 8282, Donee Information Return, with the IRS
and give the donor a copy of that form. This acknowledgment does not represent agreement with the claimed fair market value.
Does the organization intend to use the property for an unrelated use? D Yes ❑ No
Name of charitable organization (donee) Employer identification number
Address (number. street. and room or suite no.)
City or town. slate, and ZIP code
Authorized signature
Title Date
Form 8283 (Rev. 11-2022j