HomeMy WebLinkAboutCRA-R-10-0045 Cover Memo 05-13-2010Omni Board of Commissioners Meeting
May 13, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: James H. Villacort
Executive Director;
Date: May 11, 2010 File: 10-00616
Subject: Resolution Ratifying Submission of Bid and
Authorizing Purchase of the Property at 29
N.W. 13th Street, Miami, Florida.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution ratifying the CRA's bid response of
$3,100,101 to the Miami -Dade School Board's RFB No. 038-KK10 for the purchase of the property at 29 N.W.
13th Street, Miami, Florida; authoring the expenditure of funds, in an amount not to exceed $50,000, for
environmental inspections; and authorizing the purchase of said property for an amount not to exceed
$3,100,101, plus customary closing costs, adjustments, and prorations.
On April 20, 2010, the School Board issued a Request for Bids ("RFB") for the purchase of a three -acre site
within the Omni Redevelopment Area at 29 N.W. 13th Street, Miami, Florida. The RFB required all bids be
submitted no later than May 11, 2010. The School Board expects to announce the successful bidder on or
before May 13, 2010.
At the direction of the Omni CRA Board Chair, the CRA submitted a bid on May 11, 2010 in response to the
RFB, in the amount of $3,100,101. If the CRA is chosen as the successful bidder, the execution of a Due
Diligence Agreement and the issuance of a good faith deposit of $310,010.10 will be required no later than May
18, 2010.
Subject to School Board approval and CRA due diligence, the closing shall be held on or before June 30, 2010.
The Omni Area Redevelopment Plan contemplates that this property be developed as a parking garage for the
Media/Entertainment District, and include a mixed -use component such as street level retail/entertainment uses,
offices, and possibly an educational component. The CRA has also explored the possibility of redeveloping the
property as a film production studio in keeping with the Area's designation as a media/entertainment district.
JUSTIFICATION:
Section 4.4.5, at page 52, of the 2009 Omni Area Redevelopment Plan proposes the use of School Board
owned vacant or unimproved properties for mixed -use parking facilities which would serve the
Media/Entertainment District and the Performing Arts Center.
Section 4.4, D., at page 42, of the 2009 Omni Area Redevelopment Plan lists "[the] eliminat[ion] [of] conditions
which contribute to blight," as a stated redevelopment objective.
This Resolution carries out these objectives.
FUNDING: $3,150,101 from Omni Tax Increment Fund, "Purchase Land," Account Code No.
10040.920101.662000.0000.00000.