HomeMy WebLinkAboutCRA-R-10-0097 11-18-2010 Cover MemoOmni Board of Commissioners Meeting
November 18, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: November 8, 2010 File: 10-01320
Subject: Resolution Authorizing Sale & Leaseback
Agreements between the CRA and FDOT for
the Southern Portion of Miami Skill Center
Property.
References:
Enclosures: 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 authorizing the execution of an
agreement with the Florida Department of Transportation ("FDOT"), for the sale and leaseback to the CRA of
the southern portion of the Miami Skill Center Property.
The Board of Commissioners, by Resolution No. CRA-R-10-0045, passed and adopted on May 13, 2010,
authorized the purchase of the Miami Skill Center from Miami -Dade County Public Schools ("School Board, for
an amount not to exceed $3,100,101. The bid submitted was the highest and best bid, however, FDOT
objected to the award of the bid to the CRA because FDOT required the southern portion of the Property for the
planned expansion of the 1-395 expressway.
The School Board's staff would not recommend an approval of the sale of the Property to the CRA unless the
CRA resolved issues with FDOT.
To allow the CRA to continue with its planned redevelopment of the Property, FDOT has agreed to purchase the
southern portion of the Property for a price of $26.00 per square foot (slightly more than the price to be paid by
the CRA to the School Board). FDOT will then lease that southern portion back to the CRA for a period of at
least 18 months, with a rent of one dollar ($1.00) for the term of the triple net lease.
JUSTIFICATION:
Section 4.4, D., at page 42, of the 2009 Omni Area Redevelopment Plan lists "[the elimination of] conditions
which contribute to blight," as a stated redevelopment objective.
This resolution carries out this objective.