HomeMy WebLinkAboutCRA-R-18-0004 Master Reportr o-
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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-18-0004
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 3486
Revision:
File Type: OMNI CRA
Resolution
File Name: Resolution authorizing the 5th Amendment to the
MAX Miami (Canvas) Economic Incentive Agreement
Requesting Dept: OMNI Community Redevelopment Agency
Status: ADOPTED
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 12/28/2017
Final Action Date: 1/17/2018
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
THE FIFTH AMENDMENT TO THE ECONOMIC INCENTIVE AGREEMENT
("INCENTIVE AGREEMENT"), IN A FORM ACCEPTABLE TO THE GENERAL
COUNSEL, WITH NR MAX MIAMI, LLC, A FLORIDA LIMITED LIABILITY COMPANY
("DEVELOPER"), REMOVING THE CONDITION THAT THE DEVELOPER COMPLETE
THE COMMUNITY BENEFIT IMPROVEMENTS AS DESCRIBED IN THE ORIGINAL
INCENTIVE AGREEMENT ("COMMUNITY IMPROVEMENTS"); INCREASING THE
YEARLY CAPACITY OF TAX INCREMENT FUNDS PROVIDED TO THE DEVELOPER
FROM $750,000.00 TO $812,500.00 PER YEAR; AND FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO ACCEPT A PAYMENT FROM THE DEVELOPER IN AN
AMOUNT NOT TO EXCEED TWO MILLION DOLLARS ($2,000,000.00) FOR THE
REMAINING VALUE OF THE COMMUNITY IMPROVEMENTS LESS ANY AMOUNT
ALREADY EXPENDED BY THE DEVELOPER PURSUANT TO THE INCENTIVE
AGREEMENT WITHIN THIRTY (30) DAYS.
Notes:
Links:
Attachments: 3486 Exhibit (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Isiaa Jones
Barnaby L. Min
Barnaby L. Min
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
1/3/2018
1/8/2018
1/8/2018
1/17/2018
1/17/2018
Chief Legal Officer Review
Deputy City Attorney Review
Approved Form and
Correctness
Meeting
Completed
Completed
Completed
Completed
ADOPTED Passed
City of Miami Page 1 of 1 Printed on: 8/29/2025