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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-17-0329 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2303 File Type: Resolution Revision: A File Name: Omni CRA Financing Schedule and Distribution List Requesting Dept: OMNI Community Redevelopment Agency Status: ADOPTED Controlling Body: City Commission Introduced: 5/9/2017 Final Action Date: 7/13/2017 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, ACKNOWLEDGING THE INTENT OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") TO OBTAIN DEBT FINANCING THROUGH ITS ISSUANCE IN A TOTAL AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TWENTY-FIVE MILLION DOLLARS ($25,000,000.00) OF TAX INCREMENT REVENUE NOTES ("SERIES 2017 NOTES") TO FINANCE THE OMNI CRA'S REDEVELOPMENT ACTIVITIES AS SET FORTH ON COMPOSITE EXHIBIT "A", ATTACHED AND INCORPORATED, IN ACCORDANCE WITH THE REQUIREMENTS OF CHAPTER 163, PART III, FLORIDA STATUTES, AS AMENDED; DELEGATING TO THE OMNI CRA THE AUTHORITY TO ISSUE AND SELL THE SERIES 2017 NOTES AND AUTHORIZING AND APPROVING THE ISSUANCE AND SALE OF THE SERIES 2017 NOTES BY THE OMNI CRA; FINDING, DETERMINING, AND ACKNOWLEDGING NO LIABILITY ON THE PART OF THE CITY OF MIAMI ("CITY") FOR (A) ISSUANCE, SALE, AND REPAYMENT OF THE SERIES 2017 NOTES, (B) THE DISCLOSURES RELATED THERETO, (C) CONTINUING COMPLIANCE RELATED THERETO, AND (D) COMPLIANCE BY THE OMNI CRA WITH THE RELATED INTERLOCAL AGREEMENTS; REQUIRING THE OMNI CRA TO INCLUDE ALL SUCH RESTRICTIONS, LIMITATIONS, AND INDEMNIFICATIONS OF THE CITY IN ALL DOCUMENTS, INSTRUMENTS, AND INFORMATION RELATED TO THE SERIES 2017 NOTES; PROVIDING FOR AN EFFECTIVE DATE. Notes: Revision A has the Scriveners amendment by law department and per legal opinion, it may be certified instead of original version. Links: Attachments: 2303 Exhibit - Draft Loan Agreement (PDF) 2303 Exhibit - Loan Letter of Interest (PDF) 2303 Composite Exhibit A (PDF) 2303 Scrivener's Error Memo (PDF) 2303 Legislation -SUB (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Jason M. Walker Donovan Dawson Christopher M Rose Alberto N. Parjus Daniel J. Alfonso Legislative Division City Commission City Commission 6/30/2017 7/3/2017 7/3/2017 7/3/2017 7/3/2017 7/3/2017 7/13/2017 7/13/2017 Department Head Review Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Meeting ADOPTED Completed Completed Completed Completed Completed Completed Completed Passed City of Miami Page 1 of 2 Printed on: 3/24/2025 Mayor's Office City Clerk's Office City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-17-0329 7/21/2017 Signed by the Mayor Completed 7/21/2017 Signed and Attested by the City Completed Clerk A Legislative Division 1/31/2019 Legislative Division Review Completed A Xavier Alban 3/7/2019 ACA Review Completed A Barnaby L. Min 3/7/2019 Deputy Attorney Review Completed A Victoria Mendez 3/12/2019 Approved Form and Completed Correctness A City Clerk's Office 3/13/2019 Rendered Completed City of Miami Page 2 of 2 Printed on: 3/24/2025