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Home My WebLink AboutOMNI CRA 2017-06-21 Marked AgendaCity of Miami Marked Agenda 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 OMNI & MIDTOWN CRA OFFICE ADDRESS 1401 N. Miami Avenue, 2nd Floor, Miami 33136 Phone: (305) 679-6868 www.miamicra.com Wednesday, June 21, 2017 5:30 PM Ice Palace Film Studios CALL TO ORDER Present: Chair Russell, Vice Chair Suarez, Commissioner Gort, Commissioner Carollo and Commissioner Hardemon On the 2lst day of June 2017, the Board of Commissioners of the OMNI Community Redevelopment Agency of the City of Miami met in regular session at Ice Palace Film Studios located at 59 Northwest l4th Street, Miami, Florida. The meeting was called to order by Chair Russell at 5:41 p.m., and was adjourned at 7:58 p.m. ALSO PRESENT: Jason Walker, Executive Director, CRA Isiaa Jones, Chief Legal Officer, CRA Victoria Mendez, General Counsel, CRA Todd B. Hannon, Clerk of the Board Note for the Record: Commissioner Suarez entered the meeting at 5:43 p.m., Commissioner Carollo entered the meeting at 5:45 p.m, and Commissioner Gort entered the meeting at 5:55 p.m. OMNI Community Redevelopment Agency Page 1 Printed on 6/26/2017 OMNI Community Redevelopment Agency Marked Agenda June 21, 2017 DISCUSSION ITEMS 1. OMNI CRA DISCUSSION 2496 DEBUT OF THE OMNI PARK SHORT VIDEO. RESULT: PRESENTED 2. OMNI CRA DISCUSSION 2497 DISCUSSION ITEM REGARDING OVERTOWN HOUSING PROJECTS. RESULT: DISCUSSED 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. ENACTMENT NUMBER: CRA-R-17-0033 MOTION TO: Adopt RESULT: ADOPTED MOVER: Keon Hardemon, Commissioner SECONDER: Francis Suarez, Vice Chair AYES: Gort, Hardemon, Carollo, Suarez, Russell OMNI Community Redevelopment Agency Page 2 Printed on 6/26/2017 OMNI Community Redevelopment Agency Marked Agenda June 21, 2017 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 SECURITY THEREFOR; AUTHORIZING THE EXECUTION AND DELIVERY OF OTHER DOCUMENTS IN CONNECTION WITH SAID LOAN; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-17-0034 MOTION TO: Adopt RESULT: ADOPTED MOVER: Keon Hardemon, Commissioner SECONDER: Wifredo (Willy) Gort, Commissioner AYES: Gort, Hardemon, Carollo, Russell ABSENT: Suarez OMNI Community Redevelopment Agency Page 3 Printed on 6/26/2017 OMNI Community Redevelopment Agency Marked Agenda June 21, 2017 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. ENACTMENT NUMBER: CRA-R-17-0035 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Keon Hardemon, Commissioner SECONDER: Ken Russell, Chair AYES: Hardemon, Carollo, Russell ABSENT: Gort, Suarez OMNI Community Redevelopment Agency Page 4 Printed on 6/26/2017 OMNI Community Redevelopment Agency Marked Agenda June 21, 2017 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. ENACTMENT NUMBER: CRA-R-17-0036 MOTION TO: Adopt RESULT: ADOPTED MOVER: Francis Suarez, Vice Chair SECONDER: Frank Carollo, Commissioner AYES: Gort, Carollo, Suarez, Russell NAYS: Hardemon 5. OMNI CRA RESOLUTION 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. ENACTMENT NUMBER: CRA-R-17-0037 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Francis Suarez, Vice Chair SECONDER: Frank Carollo, Commissioner AYES: Gort, Hardemon, Carollo, Suarez, Russell OMNI Community Redevelopment Agency Page 5 Printed on 6/26/2017 OMNI Community Redevelopment Agency Marked Agenda June 21, 2017 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 MOTION TO: No Action RESULT: NO ACTION TAKEN The meeting adjourned at 7:58 p.m. OMNI Community Redevelopment Agency Page 6 Printed on 6/26/2017