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MIAMI-DADE
COUNTY
Carlos Alvarez, Mayor
March 20, 2008
Mr. James Villacorta
Executive Director
City of Miami Community Redevelopment Agency
49 NW 5 Street, Suite 100
Miami, FL 33128
Dear Mr. Villacorta:
County Executive Office
County Manager
11 1 NW 1st Street • Suite 2910
Miami, Florida 33128-1994
T 305-375-5311 F 305-375-1262
miamidade.gov
Pursuant to the First Amendment to the Interlocal Cooperation Agreement (First Amendment) by
and among the County, City of Miami, and OMNI district Community Redevelopment Agency
(CRA), this letter is to remind you of the OMNI CRA's obligation to remit to the County on March
31, 2008 the first $1.43 million of Increment Revenue (as that term is defined in the First
Amendment) plus an amount equal to 35 percent of the amount by which Increment Revenue
exceeds $1.43 million.
County figures indicate that the payment due to the County is $5,341,862.
As you know, the First Amendment was an exhibit to the larger Interlocal Agreement between
the County, City of Miami, and the City's CRAs (Global Agreement). The Global Agreement and
the First Amendment each contain a condition precedent that the OMNI CRA's funding
commitment, set forth in Section III. A. of the First Amendment, shall be void unless a binding
Baseball Stadium Agreement (BSA) containing certain provisions is executed. A binding BSA
containing all such provisions has been executed in satisfaction of the condition precedent. For
your reference, attached is an executed copy of the BSA.
If you have any questions or concerns, please feel free to contact me directly at 305-375-1880
or Jennifer Glazer -Moon, Director of the Office of Strategic Business Management, at 305-375-
5143.
Sinc;,rel ,
. Burge
County Manager
Enclosure
c: Honorable Carlos Alvarez, Mayor
Denis Morales, Mayor's Chief of Staff
R. A. Cuevas, Jr., County Attorney
Cynthia W. Curry, Senior Advisor to the County Manager
Jennifer Glazer -Moon, Director, Office of Strategic Business Management