HomeMy WebLinkAboutCRA-R-16-0027City of Miami
Legislation
CRA Resolution: CRA-R-16-0027
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00374 Final Action Date: 5/26/2016
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI
CRA") OF THE CITY OF MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE A FIRST AMENDMENT TO AGREEMENT WITH THE
SOUTH FLORIDA REGIONAL TRANSPORTATION AUTHORITY ("SFRTA"), IN
SUBSTANTIALLY THE ATTACHED FORM AND SUBJECT TO GENEAL COUNSEL'S
REVIEW, PROVIDING FOR FINANCIAL SUPPORT FOR THE CONSTRUCTION OF
CERTAIN IMPROVEMENTS TO FACILITATE THE EXTENSION OF DIRECT
TRI-RAIL SERVICE INTO DOWNTOWN MIAMI ("TRI-RAIL DOWNTOWN MIAMI
LINK"); ELIMINATING CERTAIN PRE -CONDITIONS TO THE OMNI CRA'S FUNDING
COMMITMENT REQUIRING THE PARTICIPATION OF THE FLORIDA
DEPARTMENT OF TRANSPORTATION ("FDOT") AS A NECESSARY PARTY TO
CERTAIN AGREEMENTS IDENTIFIED IN THE AGREEMENT; FURTHER
AUTHORIZING MONTHLY DISTRIBUTIONS OF THE OMNI CRA'S FUNDING
CONTRIBUTION SUBJECT TO THE ANNUAL FUNDING CONTRIBUTION LIMITS;
FURTHER AUTHORIZING SFRTA TO ASSIGN ITS RIGHTS TO THE CRA
CONTRIBUTION SUBJECT TO CERTAIN CONDITIONS.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("Omni
CRA") was formed for the purpose of enhancing conditions within the Omni CRA boundary and to
undertake such activities necessary to aid the economic growth of Downtown Miami; and
WHEREAS, the Omni CRA's Redevelopment Plan calls for the promotion of transit and
regional connectivity as a primary goal; and
WHEREAS, the Board of Directors of the Omni CRA previously approved a Reimbursement
Agreement with the South Florida Regional Transportation Authority ("SFRTA") to provide financial
support of $3,750,000 over a two (2) year period to underwrite a portion of the estimated $50.4 million
in costs of those certain improvements to the Miami Central Station ("Improvement") necessary to
facilitate the extension of direct Tri-Rail Service into Downtown Miami; and
WHEREAS, various local funding partners, including Miami -Dade County ("County"), the City
of Miami ("City"), the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW
CRA"), and the Miami Downtown Development Authority, among others, took independent action
during the summer and fall of 2015 to authorize the necessary funding contributions to underwrite the
estimated $50.4 million in Improvement costs not otherwise paid for by the Omni CRA, SFRTA, or
Florida Department of Transportation ("FDOT"); and
WHEREAS, due to FDOT's decision not to participate in the Downtown Miami Link or to fund
any Improvement, certain modifications to the Reimbursement Agreement in order to recognize
SFRTA's agreement to assume the role of FDOT contemplated therein;
City of Miami Page 1 of 2 File Id: 16-00374 (Version: 1) Printed On: 9/20/2022
File Number: 16-00374 Enactment Number: CRA-R-16-0027
NOW, THEREFORE, be it resolved by the Board of Commissioners of the Omni CRA of the C
of Miami, Florida:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
reference and incorporated as if fully set forth in this Section.
Section 2. The Board of Commissioners of the Omni CRA approves the First Amendment,
substantially the attached form and subject to General Counsel's review and approval, authorizing 1
execution of the same by the Executive Director in order to: (i) remove all pre -conditions to 1
effectiveness of the Agreement related to FDOT; (ii) provide for monthly disbursements of the On
CRA contribution upon the presentment of required documentation; and (iii) further authorizing SFRT
assignment of its rights to the Omni CRA's contribution, subject to specified conditions.
Section 3. This Resolution shall become effectively immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 16-00374 (Version: 1) Printed On: 9/20/2022