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HomeMy WebLinkAboutR-23-0252City of Miami Resolution R-23-0252 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14072 Final Action Date: 5/25/2023 A RESOLUTION OF THE CITY COMMISSION SUPPORTING THE MAY 25, 2023 DECISION OF THE BOARD OF COMMISSIONERS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") TO NEGOTIATE AND EXECUTE THE SECOND AMENDMENT TO THE 1996 INTERLOCAL COOPERATION AGREEMENT ("2023 AMENDED ILA") BETWEEN MIAMI- DADE COUNTY, THE CITY OF MIAMI ("CITY"), AND OMNI CRA, TO PROVIDE FOR A REDUCTION IN TAX INCREMENT FINANCE FUNDING, INCREASING THE AMOUNT OF AFFORDABLE HOUSING IN THE OMNI CRA AREA, NOT REQUIRING A COUNTY COMMISSIONER TO SIT ON THE BOARD OF THE OMNI CRA, AMONG OTHER THINGS, REGARDING THE EXTENSION OF LIFE OF THE OMNI CRA TO 2047 AND THE EXPANSION OF BOUNDARIES OF THE OMNI CRA TO INCLUDE AREAS WITHIN THE CITY KNOWN AS ALLAPATTAH AND WATSON ISLAND, SUBJECT TO THE REQUIREMENTS OF CHAPTER 163 FLORIDA STATUTES; PROVIDING FOR AN EFFECTIVE DATE. SPONSOR(S): Commissioner Alex Diaz de la Portilla BE IT RESOLEVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Commission hereby supports the May 25, 2023 decision of the Board of Commissioners of the OMNI Community Redevelopment Agency ("OMNI CRA") to negotiate and execute the second amendment to the 1996 Interlocal Cooperation Agreement ("2023 Amended ILA") between Miami -Dade County, the City of Miami ("City"), and OMNI CRA, to provide for a reduction in tax increment finance funding, increasing the amount of affordable housing in the OMNI CRA area, not requiring a County Commissioner to sit on the Board of the OMNI CRA, among other things, regarding the extension of life of the OMNI CRA to 2047 and the expansion of boundaries of the OMNI CRA to include areas within the City known as Allapattah and Watson Island, subject to the requirements of Chapter 163, Florida Statutes. Section 2. This Resolution shall become effective immediately upon adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 6/14/2023 City of Miami Page 1 of 1 File ID: 14072 (Revision:) Printed On: 7/3/2025