HomeMy WebLinkAboutOMNI CRA 2017-06-21 AgendaCity of Miami
3500 Pan American Dr
Miami, FL 33133
www.miamigov.com
Meeting Agenda
Wednesday, June 21, 2017
5:30 PM
Ice Palace Film Studios
59 NW 14th Street
Miami, FL 33136
OMNI Community Redevelopment Agency
Ken Russell, Chair
Francis Suarez, Vice Chair
Wifredo (Willy) Gort, Board Member, District 1
Frank Carollo, Board Member, District 3
Keon Hardemon, Board Member, District 5
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OMNI and MIDTOWN CRA OFFICE ADDRESS:
1401 N. Miami Avenue, 2"d Floor, Miami 33136
Phone: (305) 679-6868
www.miamicra.com
OMNI Community Redevelopment Agency
Meeting Agenda June 21, 2017
CALL TO ORDER
DISCUSSION ITEMS
1. OMNI CRA DISCUSSION
2496 DEBUT OF THE OMNI PARK SHORT VIDEO.
2. OMNI CRA DISCUSSION
2497 DISCUSSION ITEM REGARDING OVERTOWN HOUSING PROJECTS.
OMNI CRA RESOLUTIONS
1. OMNI CRA RESOLUTION
2498 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A LEASE AGREEMENT WITH A FIVE (5) YEAR INITIAL TERM
WITH TWO (2) ONE (1) YEAR OPTIONS TO RENEW, IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND
REVRAN S MAHARANIE LINCOLN, AN INDIVIDUAL ("LANDLORD"), FOR
THE PROPERTY LOCATED AT 175 NW 14 STREET, MIAMI, FLORIDA
("PROPERTY"), AT A TOTAL BASE RENT OF TWO THOUSAND EIGHT
HUNDRED FIFTY DOLLARS ($2,850.00) PER MONTH, WITH A THREE
PERCENT (3%) ANNUAL INCREASE THEREAFTER THE FIRST LEASE
YEAR, PURSUANT TO SECTION 163.370, FLORIDA STATUTES, AND THE
CRA REDEVELOPMENT PLAN; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO MAKE IMPROVEMENTS TO THE PROPERTY IN AN
AMOUNT NOT TO EXCEED ONE HUNDRED AND FIFTY THOUSAND
DOLLARS ($150,000.00); UPON COMPLETION OF THE IMPROVEMENTS,
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO SUBLEASE
THE PROPERTY; ALLOCATING REHABILITATION FUNDS FROM
ACCOUNT NO. 10040.920501.883000.
2. OMNI CRA RESOLUTION
2499 A RESOLUTION OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), APPROVING THE
TERM SHEET FROM BANKUNITED, N.A. TO PURCHASE THE AGENCY'S
NOT EXCEEDING $25,000,000 PRINCIPAL AMOUNT TAX INCREMENT
REVENUE NOTES, SERIES 2017 THE PROCEEDS OF WHICH WILL BE
APPLIED TO FINANCE A PORTION OF THE COSTS OF THE AGENCY'S
REDEVELOPMENT PLAN; AUTHORIZING THE EXECUTION AND
DELIVERY OF A LOAN AGREEMENT WITH SAID BANK PURSUANT TO
WHICH THE AGENCY WILL ISSUE ITS 2017 NOTES OR NOTES TO
SECURE THE REPAYMENT OF SAID LOAN; PROVIDING FOR THE
PAYMENT OF SUCH 2017 NOTES OR NOTES FROM INCREMENT
REVENUES AND OTHER PLEDGED AMOUNTS ALL AS PROVIDED IN THE
LOAN AGREEMENT; AUTHORIZING THE PROPER OFFICIALS OF THE
AGENCY TO DO ANY OTHER ADDITIONAL THINGS DEEMED
NECESSARY OR ADVISABLE IN CONNECTION WITH THE EXECUTION OF
THE LOAN AGREEMENT, THE 2017 NOTES OR NOTES, AND THE
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OMNI Community Redevelopment Agency
Meeting Agenda June 21, 2017
SECURITY THEREFOR; AUTHORIZING THE EXECUTION AND DELIVERY
OF OTHER DOCUMENTS IN CONNECTION WITH SAID LOAN; PROVIDING
FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
3. OMNI CRA RESOLUTION
2500 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A
PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND
REYNALDO PADRON & W. MARTA PADRON ("SELLERS") FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 1990 N. MIAMI AVENUE,
MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN APPROXIMATE TOTAL
LOT AREA OF 15,017 SQUARE FEET , AS LEGALLY DESCRIBED IN THE
AGREEMENT, FOR A TOTAL PURCHASE PRICE OF FOUR MILLION FIVE
HUNDRED THOUSAND DOLLARS ($4,500,000.00), CONTINGENT UPON
THE CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED
FLORIDA APPRAISER STATING THAT THE APPRAISED VALUE OF THE
PROPERTY IS, AT A MINIMUM, THE REFERENCED AMOUNT HEREIN,
PURSUANT TO SECTION 163.370, FLORIDA STATUTES, AND THE CRA
REDEVELOPMENT PLAN; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID
AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, AS
MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING
FUNDS FROM THE PROCEEDS OF THE CRA SERIES 2017 LOAN FOR A
TOTAL AMOUNT NOT TO EXCEED FOUR MILLION SIX HUNDRED SIXTY
FIVE THOUSAND DOLLARS ($4,665,000.00), TO PROVIDE FOR THE COST
OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING
COSTS ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH
THE TERMS AND CONDITIONS OF THE AGREEMENT.
4. OMNI CRA RESOLUTION
2512 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO REQUEST OF
THE CITY OF MIAMI ("CITY") CONVEYANCE, AT NO COST, OF THE CITY -
OWNED PROPERTY LOCATED AT 150 NORTHEAST 19 STREET, MIAMI,
FLORIDA, CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 318,859
SQUARE FEET ("PROPERTY"), AS MORE PARTICULARLY DESCRIBED IN
THE QUIT CLAIM CITY DEED ("DEED"), IN A FORM ACCEPTABLE TO
GENERAL COUNSEL, PURSUANT TO SECTION 163.370, FLORIDA
STATUTES, AND THE CRA REDEVELOPMENT PLAN; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE THE DEED FOR THE TRANSFER OF THE PROPERTY TO THE
CRA; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE ALL OTHER NECESSARY DOCUMENTS, IN A
FORM ACCEPTABLE TO THE GENERAL COUNSEL, AS MAY BE
NECESSARY TO EFFECTUATE SAID CONVEYANCE.
5. OMNI CRA RESOLUTION
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OMNI Community Redevelopment Agency
Meeting Agenda June 21, 2017
2501 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("OMNI CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO
RENEGOTIATE THE INTERLOCAL AGREEMENT ENTERED INTO ON
DECEMBER 31, 2007, BETWEEN MIAMI-DADE COUNTY, THE CITY OF
MIAMI, THE SOUTHEAST/OVERTOWN PARK WEST COMMUNITY
REDEVELOPMENT AGENCY, AND THE OMNI CRA, SPECIFICALLY WITH
RESPECT TO THE OMNI CRA'S THEN PROPOSED CONTRIBUTION FOR
CAPITAL IMPROVEMENTS AT MUSEUM PARK, AS CONTAINED IN SAID
AGREEMENT.
6. OMNI CRA RESOLUTION
2502 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("OMNI CRA"), WITH ATTACHMENTS, AUTHORIZING THE ISSUANCE OF A
PAYMENT IN THE AMOUNT OF TWO MILLION DOLLARS ($2,000,000.00)
CURRENTLY IN THE OMNI CRA RESERVE ACCOUNT, ATTACHED AND
INCORPORATED AS EXHIBIT "A," TO THE CITY OF MIAMI TO BE
ALLOCATED FOR CAPITAL IMPROVEMENTS AT MUSEUM PARK;
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE
THIS PAYMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL.
ADJOURNMENT
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