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OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-18-0003
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 3485 Final Action Date:1/17/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") SETTING THE GOAL OF ALLOCATING ONE HUNDRED MILLION
DOLLARS ($100,000,000.00) OF REVENUE FROM TAX INCREMENT FUNDS
("TIF") AND ANY AND ALL OTHER CRA REVENUES TOWARDS AFFORDABLE
HOUSING DURING THE REMAINING LIFE OF THE CRA; DIRECTING THE
CLERK OF THE BOARD TO TRANSMIT A CERTIFIED COPY OF THIS
RESOLUTION TO THE OFFICIALS STATED HEREIN.
WHEREAS, the Omni Redevelopment District Community Redevelopment
Agency ("CRA") was created pursuant to Chapter 163 of the Florida Statutes; and
WHEREAS, the CRA is responsible for carrying out community redevelopment
activities and projects within its Redevelopment Area in accordance with its approved
Redevelopment Plan; and
WHEREAS, the primary purpose of the CRA is to address slum and blight within
the Redevelopment Area which constitutes a serious and growing menace, injurious to
the public health, safety, morals, and welfare of the residents of the CRA; and
WHEREAS, the Board of Commissioners of the CRA believes that tax increment
funds ("TIF") received by the CRA as well as any and all other revenues received by the
CRA should be used primarily for removal of slum and blight and assisting with
affordable housing for families and individuals of low and moderate income; and
WHEREAS, affordable housing is a significant issue in the City of Miami and in
the Redevelopment Area specifically; and
WHEREAS, in CRA Resolution No. 16-0040, the CRA designated a minimum of
ten percent (10%) of the 2016-2017 Fiscal Year General Operating and TIF Budget to
be expended toward, and for the benefit of, low and moderate income affordable
housing; and
WHEREAS, the CRA desires to set a goal for itself in which one hundred million
dollars ($100,000,000.00) of the CRA's future TIF Revenues as well as any and all
revenues of the CRA be devoted to affordable housing for the remaining of the life of
the CRA;
City of Miami Page 1 of 2 File ID: 3485 (Revision: A) Printed On: 8/29/2025
File ID: 3485 Enactment Number: CRA-R-18-0003
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution
are adopted by reference and incorporated herein as fully set forth in this Section.
Section 2. The Board of Commissioners of the CRA hereby establishes a goal of
allocating one hundred million dollars ($100,000,000.00) of future TIF Revenues as well
as any and all other revenues of the CRA towards affordable housing for the remaining
life of the CRA.
Section 3. The Clerk of the Board is directed to transmit a certified copy of this
Resolution to the members of the Miami —Dade County Board of County
Commissioners.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 1/22/2018
City of Miami Page 2 of 2 File ID: 3485 (Revision: A) Printed on: 8/29/2025