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HomeMy WebLinkAboutCRA-R-15-0022 LegislationCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-00797 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), AUTHORIZING A TWO-YEAR REIMBURSEMENT GRANT IN AN AMOUNT NOT TO EXCEED $1,875,000.00 ANNUALLY, TO SOUTH FLORIDA REGIONAL TRANSPORTATION AUTHORITY ("SFRTA") TO ASSIST WITH THE EXTENSION OF DIRECT TRI-RAIL SERVICE INTO DOWNTOWN MIAMI AND THROUGH THE REDEVELOPMENT AREA; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN AGREEMENT WITH SFRTA, IN SUBSTANTIALLY THE ATTACHED FORM AND SUBJECT TO THE AVAILABILITY OF FUNDS; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; ALLOCATING FUNDS FROM THE OMNI INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10040.920501.883000.00000. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") was formed pursuant to Chapter 163, Florida Statutes, for the purpose of enhancing conditions within the CRA boundary and to undertake such activities necessary to aid the economic growth of Redevelopment Area in accordance with the 2009 CRA Redevelopment Plan ("Plan"); and WHEREAS, Section 4.4, Goal B. D5 at page 41, of the Plan lists providing "employment opportunities and upward mobility for residents" by the creation of jobs within the community as a stated redevelopment goal; and WHEREAS, Section 4.4, Goal B, B3 at page 41, of the Plan lists to creating "'economic magnets to draw more businesses to the Omni area to compliment established activities in the area" as a stated redevelopment goal; and WHEREAS, Section 4.4, Goal C, D1 at page 41, of the Plan provides for the "maximizing of conditions for residents to continue to five in the area" as a stated redevelopment goal; and WHEREAS, the Plan and Section 163.362, Florida Statutes, calls for the promotion of transit and regional connectivity as a primary goal; and WHEREAS, the South Florida Regional Transportation Authority ("SFRTA") operates a regional commuter rail system, commonly referred to as Tri-Rail, that provides affordable access to employment centers across Miami -Dade, Broward and Palm Beach Counties, and has proposed a direct extension of their service into Downtown Miami; and WHEREAS, it is estimated that the design and construction of the required Tri-Rail improvements at MiamiCentral Station will cost an estimated $70.44 million to construct; and WHEREAS, SFRTA has requested financial support from a variety of organizations, including City of Miami Page I of File Id: 15-00797 (Version: I) Printed On: 6/1812015 File Number: 15-00797 the Florida Department of Transportation, Miami -Dade County, the Citizen's Independent Transportation Trust, South Florida's Metropolitan Planning Organizations, the City of Miami, Southeast Overtown/Parkwest Community Redevelopment Agency, the Omni Redevelopment District Community Redevelopment Agency, All Aboard Florida/FECR, and the Downtown Development Authority to help underwrite the cost of the Improvements; and WHEREAS, All Aboard Florida/FECR have agreed to contribute (i) the land required to accommodate the Improvements, (ii) a reduced access fee for SFRTA's use of the FECR corridor, (iii) the financial carrying costs for the Improvements through construction of the Tri-Rail platform, and (iv) a pro -rated cost sharing for those MiamiCentral Station infrastructure improvements that will be shared with SFRTA; and WHEREAS, other state and local agencies have expressed their support for the project and are in the process of negotiating their proportionate fair share of financial assistance with the SFRTA; and WHEREAS, expanded Tri-Rail service to Downtown Miami will significantly reduce traffic congestion, including traffic congestion within the Redevelopment Area; and WHEREAS, expanded Tri-Rail service will allow residents of the Redevelopment Area access to areas otherwise inaccessible to them without public transportation; and WHEREAS, expanded Tri-Rail service will bring more visitors and customers to businesses located within the Redevelopment Area; and WHEREAS, the Board of Commissioners finds that there is a substantial public benefit to the expansion of the Tri-Rail service to Downtown Miami which will significantly impact the residents and businesses located within the Redevelopment Area; and WHEREAS, the Board of Commissioners finds that a grant to SFRTA would further the above mentioned redevelopment goals and objectives; and WHEREAS, the CRA wishes to enter into an agreement with the SFRTA, in substantially the form provided as Exhibit "A", and subject to the availability of funds, to provide its proportionate fair share of financial assistance given both the regional transportation benefits and catalytic impact the Improvements will have on future development within the Redevelopment Area, with contributions spread out over a three-year period beginning Fiscal Year 2015-2016, as follows: FY 15-16 $1,875,000.00 FY 16-17 $1,875,000.00 TOTAL$3,750,000.00 NCW, THEREFORE, be it resolved by the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency of the City of Miami, Florida: Section 1, The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. City of Wand Page 2 of 3 File Id; 15-00797 (Version: I) Printed On: 6/18/2015 File Number': 15-00797 Section 2. The Board of Commissioners hereby authorizes a two-year grant in an amount not to exceed $1,675,000.00 annually to SRFTA to underwrite costs associated with extending the Tri-Rail service into Downtown Miami and through the Redevelopment Area. Section 3. The Board of Commissioners authorizes the Executive Director to execute an agreement with SFRTA, in substantially the attached form and subject to the availability of funds for said purpose and after SFRTA obtains funding from the Florida Department of Transportation, Miami -Dade County, the Citizen's Independent Transportation Trust, South Florida's Metropolitan Planning Organizations, the City of Miami, the Southeast Overtown/Parkwest Community Redevelopment Agency, and the Downtown Development Authority. Section 4, The Board of Commissioners authorizes the Executive Director to execute any other documents, subject to review and approval by the General Counsel, in order to accomplish the intent of this Resolution. Section 5. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis upon presentation of invoices and satisfactory documentation to SFRTA. Section 6. Funds to be allocated from the Omni Increment Fund, entitled "Other Grants and Aids," Account Code NO. 10040.920501.883000.00000. Section 7, This Resolution shall become effective immediately upon its adoption. OVE❑ L4S TO FOR } AND LEAL SUF IENCY: VI TORIA NDEZ, GENERAL City of Miami Page 3 of 3 File Irk 7540797 (Version: 1) Printed On 6118I2015