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HomeMy WebLinkAboutOMNI CRA 2018-02-22 MinutesCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Meeting Minutes Thursday, February 22, 2018 12:00 PM Commission Chambers 3500 Pan American Drive Miami, FL 33133 OMNI Community Redevelopment Agency Ken Russell, Chair Keon Hardemon, Vice Chair Wifredo (Willy) Gort, Board Member, District One Joe Carollo, Board Member, District Three Manolo Reyes, Board Member, District Four OMNI and MIDTOWN CRA OFFICE ADDRESS: 1401 N. Miami Avenue, 2"d Floor, Miami 33136 Phone: (305) 679-6868 www.miamicra.com OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 CALL TO ORDER Present: Chair Russell, rice Chair Hardemon, Commissioner Gort, Commissioner Carollo and Commissioner Reyes On the 22nd day of February 2018, the Board of Commissioners of the OMNI Community Redevelopment Agency of the City of Miami met in regular session at Miami City Hall located at 3500 Pan American Drive, Miami, Florida. The meeting was called to order by Chair Russell at 12:19 p.m., and was adjourned at 1: 07 p.m. ALSO PRESENT: Jason Walker, Executive Director, CRA Isiaa Jones, Chief Legal Officer, CRA Barnaby L. Min, Deputy General Counsel, CRA Todd B. Hannon, Clerk of the Board Note for the Record: Commissioner Carollo entered the meeting at 12: 30 p.m. Chair Russell: Good afternoon. I'd like to call to order this February 22 meeting of the Omni Community Redevelopment Agency. OMNI CRA DISCUSSION ITEM(S) 1. OMNI CRA DISCUSSION 3482 DISCUSSION REGARDING THE UPDATED TERMS AND PREVIOUS APPROVAL OF THE OMNI CRA'S BANK LOAN WITH BANK UNITED. MOTION TO: Discuss RESULT: DISCUSSED Note for the Record: A motion was made by Commissioner Gort, seconded by Chair Russell, and was passed unanimously, with Vice Chair Hardemon and Commissioner Carollo absent, directing the Executive Director to move forward with the loan financing consistent with CRA Resolution No. CRA-R-17-0034. Chair Russell: Mr. Executive Director. Jason Walker (Executive Director/Omni Community Redevelopment Agency): Yes, sir. Chair Russell: You may take up the first item on the agenda. Mr. Walker: Yes, sir. The first item on the agenda is a discussion regarding the update on terms and previous approval of the Omni CRA's (Community Redevelopment Agency) loan with Bank United. Peter Dame: Thank you. Good afternoon. My name is Peter Dame. I' m an attorney with the firm ofAkerman LLP (Limited Liability Partnership). We represent the Omni CRA. We represent you as your bond counsel in connection with the proposed financing. If you recall, back in June you adopted a resolution authorizing the financing to author -- to finance improvement projects. What we have, really, here today as a report to say that we are going forward with the first installment of that loan, which will be $10 million, for the purpose of acquiring the bank building and OMNI Community Redevelopment Agency Page 2 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 renovating that building. And this is more of an opportunity for us to tell you that we're going forward with that. VM do expect to close on that on March 6, if all goes well. If you recall, on the original resolution, we authorized that financing to be done in one or more loans. This is simply the first one. We will come back at some future time when we're ready to borrow some more money and to approve the additional projects; really here to answer any questions you may have and just tell you that we're getting to that point. The transaction has not changed from a legal standpoint; the bonds are still to be issued, payable from the TIF (Tax Increment Fund), and the project is part of your redevelopment plan. Any questions on that that you might have? Board Member Gort: Do -- we locked up the interest that we' re goi ng to be payi ng on the bonds? Mr. Dame: The interest rate on the bonds -- and part of the reason that we' re doi ng 10 niIIion is so that we don't borrow the money before we need it. Board Member Gort: Right. Mr. Dame: So we just borrow and pay interest on that amount that we have. Yes, the interest on the first installment has been locked in at three and a quarter percent. Board Member Gort: Okay. Unidentified Speaker: (UNINTELLIGIBLE). Chair Russell: Any other comments or questions? Mr. Executive Director, do you need any direction from the board to move forward with this? Mr. Dame: We would like an approval, generally, to proceed with the financing, yes. Chair Russel l : I' I I accept a motion. Board Member Gort: Move it. Chair Russell: It's been waved, giving direction to -- Board Member Reyes: Can -- Chair Russell: -- move forward with this. Second? Board Member Reyes: -- I ask a question? Because I' m not aware of -- excuse my ignorance I've been here for three months only, and I know that thi ngs had happened. And could you please explain what is this? Sir, this is what -- it' s a loan that we -- the CRA obtained from a bank? Mr. Dame: Yes. The CRA is obtaining a loan from a bank, from Bank United. Board Member Reyes: From Bank United? Mr. Dame: Yeah. They were the -- came forward with the best proposal, and -- Board Member Reyes: Okay. Mr. Dame: -- that in -- Board Member Reyes: That is going to be paid with TIF? OMNI Community Redevelopment Agency Page 3 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Mr. Dame: Yes. Board Member Reyes: With TIF money? Mr. Dame: Solely from the TIF money, yes. Board Member Reyes: Can I -- just for the -- just to know what it is, how the proceeds of that loan is going to be used? Mr. Dame: We' regoing--theprojectthat'sauthorizedforthispiece-- Board Member Reyes: Yes, sir. Mr. Dame: -- is the renovation of the historic bank building, which you've already acqui red. So we' re -- Board Member Reyes: Oh, okay, okay. Mr. Dame: -- going to use some of that money to reimburse -- Board Member Reyes: Okay. Mr. Dame: -- the amount that you came out of pocket for that, and then we' re going to renovate it. Board Member Reyes: So -- okay. I just wanted to know. And do you got a good interest rate on it? Mr. Dame: Three and a quarter percent. Board Member Gort: Three and a quarter. Chair Russell: Three and a quarter. Mr. Dame: Yeah. Board Member Reyes: Okay. Mr. Dame: To me, that sounds like a good interest rate. Board Member Reyes: Not that good, but it's not that bad either. Board Member Gort: Now, let me ask a question. My understanding is we -- the original approval was the total amount? Mr. Walker: 25 million. Board Member Gort: 25 million. In order words, that we approve 25 million, but we' re going to do it a little bit so we don't have to pay interest in the one we don't use at this time. Board Member Reyes: Okay, just for me to know. Chair Russell: This is basically us, you know, creating money that we did not have when I first came into the chairmanship of this CRA, based on the obligations that the CRA already had in place for other projects. OMNI Community Redevelopment Agency Page 4 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Alentber Reyes: (LVLVTELLIC;IBLE). Chair Russell: So this is a verl' creative mechanism, and I commend the Executive Director and his team for helping put it together, and I'm very glad to second Conic issioner Gort's motion to direct further movement on this loan and bond. Barnabv Alin (Deputy City Attorney): Air. Chairman, there is no resolution that's been drafted for this. Does Hr. Dame require a resolution, or is the minutes sufficient? Air. Dame: The minutes are sufficient. Hr. Alin: Thank: you. Chai r Ruoccl I: Any further di scussi on? All i n favor, say " aye." The Board (C'ollectively): 4ye. Todd B. Hannon (Clerk of the Board): Chair, before -- open up the public hearing. Chair Russell: Of course. Thank -you very much. Is there anyone here from the public who would I i ke to speak on thi s item? Heari ng none, I ' l l cl ose the public continent. All i n favor, say " aye." The Board (Collectively): Aye. Chair Russell: Any opposed? Motion passes. OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 3483 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS OF $1,800,000.00 FOR ACQUISITION AND $2,000,000.00 FOR REHABILITATION OF PROPERTIES LOCATED AT 1541 NW 1ST PLACE, 1535 NW 1ST PLACE, AND 1540 NW 1ST COURT, MIAMI, FLORIDA, ALL LOCATED IN THE REDEVELOPMENT AREA, TO 16 CORNER, LLC IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, SUBJECT TO THE AVAILABILITY OF FUNDS. ENACTMENT NUMBER: CRA-R-18-0008 OMNI Community Redevelopment Agency Page 5 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 MOTION TO: RESULT: MOVER: SECONDER: AYES: Adopt with Modification(s) ADOPTED WITH MODIFICATION(S) Manolo Reyes, Commissioner Ken Russell, Chair Russell, Hardemon, Gort, Carollo, Reyes Chair Russell: Item Number 1. Jason Walker (Executive Director/Omni Community Redevelopment Agency): A resolution of the Board of Commissioners of the Omni Redevelopment District Redevelopment Agency, by a four -fifths affirmative vote, after an advertised public hearing, ratifying, approving, and confirming the Executive Director's recommendation and finding that competitive negotiation methods and procedures are not practicable or advantageous, pursuant to Sections 18-85 and 18-86 of the City Code of the City of Miami, Florida, as amended, as adopted by the CRA (Community Redevelopment Agency); waiving the requirements for competitive sealed bidding as not being practicable or advantageous to the CRA; authorizing the Executive Director to execute an agreement, with supporting documents, allocating grant funds of $1.8 million for acquisition and $2 million for rehabilitations [sic] of property [sic] located at 1541 Northwest 1st Place, 1535 Northwest 1st Place, and 1540 Northwest 1st Court, Miami, Florida, all located in the redevelopment area, to 16 Corner, LLC (Limited Liability Company), in a form acceptable to the general counsel, subject to the availability of funds. Barnaby Min (Deputy City Attorney): And Mr. Chairman, you do need four Commissioners for this. Chair Russell: Is it four -fifths? Mr. Min: Yes. Chair Russell: We can table the item for a moment. I saw the Chairman coming in, but I can explain, basically. This will mark the actual first physical project of affordability in the Omni CRA; a long-time coming, but this will allow us to create over 40 units of affordability in a adaptive reuse, a gut rehab of an existing building. I really look forward to this. It's what we need, it's what we' re all pushing for, and the CRA is the right vehicle to help. Board Member Reyes: How many units you said, sir? Adam Old (Omni Community Redevelopment Agency): This is 44 units and 5 buildings. So it's a group of bui Idi ngs that's being sold as a parcel. Board Member Reyes: 44 units and 5 buildings? Mr. Old: Correct. Board Member Reyes: How tall are the buildings? Mr. Old: They're two stories. Board Member Reyes: They' re two stories. Board Member Gort: You got the (UNINTELLIGIBLE). OMNI Community Redevelopment Agency Page 6 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Mr. Old: They' re like garden apartment -style buildings. They were built in 1949 to ' 50 -- Board Member Reyes: Oh, you are rehabbing? Chair Russell: Yes. Board Member Reyes: Great. Mr. Old: VW re renovating the insides, yeah, and the exterior as well. Board Member Reyes: Great. Mr. Old: Yeah. Chair Russell: It's a little bit of -- Board Member Reyes: Great. Chair Russell: -- historic preservation. It's keeping the scale low -- Board Member Reyes: Great. Chair Russell: -- for the community, and most importantly -- Board Member Reyes: The apartments are. Chair Russell: -- Commissioner Reyes, it's prcscrving the existing community that's there. It's not displacing the fol ks that live there, so that we can do this in a way that's phased and -- Board Member Reyes: I agree with it. That'sfine. Chair Russell: So, now that we have four -- lre do need a four fifths, so this would need to be a unani mous vote. I' m open to a motion on Item Number -- Board Member Reyes: Move it. Chair Russell: -- Resolution Number 1. It's been moved; seconded by the Chair. I ' I I open -- Board Member Gort: Second for discussion. Chair RuasdI: Second for discussion. I' II first open up for public comment, if there's anyone here who would like to speak on this item. I' II close public discussion, heari ng none. Commissioner Gort. Board Member Gort: Mainly, I want to make sure that the zoning -- We spent a lot of money in getting this building, and we're going to have a -- I think the work that I looked at is going to be very good, but I want to make sure that the zoning -- we' re complyi ng with the zoni ng, and we' re not going to have any problem in the future. And I want to make sure we don't have any problems. Mr. Walker: Yes, sir. Mr. Old: So we have consulted with the Zoning Administrator, and Miami 21 has an allowance for alteration and expansion of non -conforming structures. As long as the OMNI Community Redevelopment Agency Page 7 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 expansions, repairs, and remodeling do not enlarge the non -conformity, then they are allowable, if they're consistent with the Building Code. So thiswould be allowed, and the Zoning Administrator agrees. Board Member Gort: Okay. Board Member Reyes: Can I ask a question? You -- we are going to rehab, and the ownershi p is goi ng to be the CRA's ownershi p, or is it going to be somebody else's? %fr. Old: No. So -- Board Member Reyes: It's going to be your ownership? What would be the --? Chai r Russel I: " Adam' s." Board Member Reyes: Huh? Chair Ruocd I: It's not (UNINTELLIGIBLE) Adam. Board Member Reyes: Okay, the company that you represent, whatever. But -- Vice Chai r Hardemon: No, he' s with the CRA. Mr. Old: I represent the CRA. Sorry. Board Member Reyes: Who -- okay. Who is going to determine the amount of rent that is going to be paid, rental? Mr. Old: So the rents will be capped at the current levels going forward. Board Member Reyes: The current level going forward. Mr. Old: So they're well below market rate right now, and thiswill give usa period of 30 years of affordability. Board Member Reyes: There's a covenant that they cannot increase this -- the rent. right? Mr. Old: I think that the way that it' II be set is based on the AMI (area median income) that's currently -- the AMI level that it's currently hitting right now and will go forward. So none of the -- Board Member Reyes: Could you give me an amount? Mr. Old: Excuse me? Chair Russell: I believe it's i n the backup, if you'd like to read the scale of -- Mr. Old: Yeah. Chair Russell: -- actual dollar amounts that we're looking at for these units, because it's really imprive. _Afr. Old: Right. So we have -- there's studios, one bedrooms, two bedrooms, and there's actually -- Board Member Reyes: That's (UNI NTELLI GI BLE). OMNI Community Redevelopment Agency Page 8 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Mr. Old: -- 6 three -bedroom units in these buildings, which is rare to find in naturally - occurring affordable housing. The studios are -- they have various rents, but the blended rent, the average of those studios is $460. The one -bedrooms, the average is 553. Board Member Gort: The one -bedroom is 500? Mr. Old: 553. The two -bedrooms are 673, and the three -bedrooms are 825. Now, compared -- I can compare that to the HUD (Department of Housing and Urban Development) allowable rates for like an affordable building, which would be $831 for a studio. So what we're doing is capping those rents well below the HUD -allowed affordability. Board Member Reyes: Okay. Vice Chair Hardemon: So -- Mr. Chairman? Chair Russell: Of course. rice Chair Hardemon: The -- these units, they are market units, though, right? They' re market -rate units. Mr. Old: Yes. Vice Chair Hardemon: It's just that the market in that area is lower for the condition that those properties are in. Mr. Old: The market is lower for the condition that the -- Vice Chair Hardemon: The prices in the market. Mr. Old: -- sites are -- that the units are in as well. Vice Chair Hardemon: So, for instance, I mean, we would have lots of discussion about the need for affordable housing. And I would tell people all the time, in places like Overtown -- and this is the Overtown area -- they have affordable housing. Everyone who lives in Overtown can afford to live there. The only people who are not there are people who don't live there. Right? So you want to build new units for other people. Now, the difference is that they have a lack of standard housing in Overtown, so people live in conditions that are not -- that they should not be living in, and they pay their rents every month, because if they don't, landlords, who typically are slumlords, will evict them. That is a fact of life. Part of the reason they also don't complain, because they know that the rent they're paying is low, so they tend not to complain. The issue that I have here i s that this is a deal that I haven't seen before in the CRAs. Mr. Old: Right. Vice Chair Hardemon: And where the land isn't nec arily owned by the person who's going to be owning it in the future, we're helping them -- assisting them in purchasing the land, and I understand that it's because we're trying to create the affordability aspect of it, because the market now for this for all of these properties now is extremely -- is higher. And so, in order to keep it affordable, you need to subsidize the cost of it. Mr. Old: Exactly. OMNI Community Redevelopment Agency Page 9 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Tice Chair Hardemon: But part of my issue is that -- and I' I I say this. And Ms. Jain, one of the most respected renovators of properties in South Florida, especially in the Miami area, and, you know -- and I trust that you will do a good job. Right? But part of the issue is that there seems not to be any equity in it for the people that are from the area. So, you know, how can we, as a CRA -- Certainly, we're charged with renovating -- eliminating slum and blight in these areas, but some of the things that we can do in -- some of the things that we can do are -- really enhance the well-being of the people; the organizations that are there that have been on a mission to do these certain types of things. And so, here we are with an opportunity where we have Ms. Jain, and she has some assistants that are with her that are fairly young, that, you know, have an education, that do all these wonderful things, but it will be so nice to see ownership consist of not only people who are choosing to invest in the area by helping to do this task, but also by organizations that are in the area or in that community that can be a 501(c)(3) arm in this whole thing. So that, to me -- And then you say, " Okay. VVeI I , we' re investing." We' re saying, " We' re going to give this grant to a 501(c) (3), in conjunction with a for profit, who has experience in these sort of renovations, and they can walk away and say, " VVe have affordable housing in this space, and the community has a part of that ownership." Now, there's a sense of corrnunity pride, and you get the renovations done, and you could have an organization that's going to guarantee that those rents are going to remain affordable, because that's part of what they' re -- that's part of what they do. It also gives, I bel i e✓e, organizations that are in the community an opportunity to start to do for themselves. So now, instead of just giving them a fishing tool, they've learned, in a sense, to fish. You become a part of a project where you're seeing this building, you have ownership stake in the building, and now the new projects that -- Well, when you look at real estate in the future, you say, "Well, I need to be a part of ownership." We want to be able to provide this affordable housing to this area, much in the same as you see with the CDCs (Community Development Corporations) that are in the area that are getting involved in affordable housing. I mean, these are people that really want to be in the area and create some sort of wealth for the community and see it prosper. You know, we've had a lot of things come to the Overtown area that I don't necessarily agree with that I believe tramples upon property values; that I believe, although may be good in purpose, creates a place where there's a lack of corrnunity, there's a lack of neighborhood, you know, where you don't see necessarily the wal Id ng of the dogs and go visit the --and buying ice cream; it's more sod al services. Right? And I've always tried to steer away from putting all social services in one space -- Mr. Old: Sure. Vice Chair Hardemon: -- because you end up creating an area that no one wants live in. Mr. Old: Right. Vice Chair Hardemon: You only go there for social services, and that's not fair to any community. So, you know, here -- Being that this is something I haven't seen before, I' I I tell you, I mean, it makes me uneasy in the way that it's being drafted, because I just haven't seen it drafted in this way. But moreover, in order for me to be comfortable -- or at least feel more comfortable, because I like the fact that we want to do these renovations in this space -- I applaud the Chairman for what he wants to do -- then why not bring the community in on this? You know, there's been -- there's organizations that have been preaching ownership for a long time. I mean, one -- I could think of one that comes to mind, like New Washington Heights. They had always been talking about community ownership. There are organizations that are -- the church CDCs that are producing products right now. You know, that's part ownershi p in the community. I just think that if we' re going to use dollars that are from that area OMNI Community Redevelopment Agency Page 10 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 to renovate that space, then, in the future, moving forward, the people who are a part of that space should share in what's happeni ng i n that space. Mr. Old: Right. Vice Chair Hardemon: So -- Mr. Old: So -- Vice Chair Hardemon: -- we don't just create a generation of renters, where you have affordable rents, but people who actually own the property, and I think that does some positive things for them. Mr. Old: We -- Unidentified Speaker: (UNINTELLIGIBLE). Vice Chair Hardemon: I mean, that's up to the Chai r, of course. Chair Russell: Please, of course. If you want to -- there's a microphone over here. Vice Chair Hardemon: And if I step away, trust me, I'm listening. I have TVs (televisions) all over the place. Avra Jain: I mean, this is a complicated -- Chair Russell: Your name, please. Ms. Jain: Oh, Avra Jain. I live at 720 Northeast 69th Street. It'sa complicated issue, affordable housing. I'm in it as a service, so -- By the way, I've met with Cornelius from Overtown CRA; offered him five contracts on 55 units. I said, "You should be buying these. You should be fixing them up." I said, you know, the same thing in this situation. Trust me, you guys; we do not have to do this. We do not make any money on this. There's no developer fees. I just did 23 units for you in Little Haiti. I did it under the County program and, in fact, invited -- I reached out to Kaylin (phonetic) and said, " You should come up and see what we've done." And I said -- and we do it. It's a give. And I think, as developers, it's something we have a skill set where we can - esped ally with our background i n preservation, because we' re tal ki ng about tali ng existing product, existing affordable housing product, getting it up to a standard that any one of us would be happy to live in. And the math is really simple, guys. You have a $600 rent; my (UNINTELLIGIBLE) cost is $60,000; $700 rent, $700,000; a hundred - - Pay me $1,000 a month, I can be in at $100,000 a unit. That's impossible in Overtown. The units cost $80,000. So, unless it's truly subsidized, we cannot offer rents at the rent where people can afford to live. So we don't have to do this work. Somebody else -- trust me, this is a lot of work for us. And if this isn't viewed as a service, then I shouldn't be here. But when you talk about -- so --And by the way, we reached out to -- not necessarily just to Neil, but also to Nathaniel in your office, and other people who came up and saw our projects. We've reached out to doing mentorship in the neighborhood. We would like to hire people from the neighborhood to help in -- you know, in terms of jobs and so forth l i ke that. We've reached out; not as easy as you think, by the way. I can give you a list of -- I ice Chair Hardemon: I can i magi ne it's not, but what -- Ms. Jain: Yeah, but just so you know, we' re tryi ng to do all that. And again, we don't - -I am -- you can give me -- OMNI Community Redevelopment Agency Page 11 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 b ice Chair Hardemon: I know. Listen, I know -- Ms. Jain: -- an honorable discharge here -- Vice Chair Hardemon: -- I know -- Ms. Jain: -- Commissioner -- Vice Chair Hardemon: -- what you' re doi ng -- Ms. Jain: -- and I am happy. Right, so -- Vi ce Chair Hardemon: I know what you' re doi ng is important. Ms. Jain: Right. By the way -- biceChairHardemon: I know what you' re doi ng isa service, but what 1' m explaini ng to you is -- Ms. Jain: The ownership issue. Vice Chair Hardemon: -- this is not about you. Ms. Jain: No, no, no, but I know. Talk about the ownership issue. Let's talk about Town Park or Park Town, the one that was just done. So they spend about $180 a square foot renovating, and you gave ownership to people, and what did they do? They're turning around and selling their apartments to other people. You just gentrified your own project. Vice Chair Hardemon: Okay, let me stop you. So, first, they already own it. Ms. Jain: Right. Vice Chair Hardemon: They already own it. Town Park North was owned by the people that live there -- Ms. Jain: Right. Vice Chair Hardemon: -- who have a right to sell their properties. And the difference is that Town Park is a neighborhood that had been told for many, many, many years, decades even, that they were going to have assistance from the CRA in renovating their structures to create the standard housing. It was never delivered upon. And what I found was that people were distrusting of government, and they should be, especially in the Overtown area, because government -- Ms. Jain: Agreed. Vice Chair Hardemon: -- excuse me French -- (expletive) everybody in that area. Ms. Jain: Totally agree. Vice Chair Hardemon: Okay? Ms. Jain: Totally agree. Vice Chair Hardemon: So the only people who -- well, I'd better not say that. I' I I tell you this. So, with the Town Park, we found a lot of distrust, and people did not feel OMNI Community Redevelopment Agency Page 12 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 comfortable in creating certain sorts of agreements with the CRA. Right? Not everybody who lives in Town Park is an owner. People -- Ms. Jain: Which is part of the problem. V ice Chair Hardemon: -- absentee people own properties -- Ms. Jain: Yes, right. That's part of the problem, yeah. Vice Chair Hardemon: -- in Town Park. Town Park was designed the way that it was because we needed to get something done for that neighborhood. And sometimes you have to -- sometimes people who don't deserve the benefit will benefit, but it's for the greater good. Ms. Jain: No, and it's the right idea. Vice Chair Hardemon: I personally believe that Town Park would have been one of those projects that would have been condemned because of the conditions that the people were living in. And once it was condemned, then it was sold to the highest bidder, and that's -- that bidder is going to level everything, because it's a large property, and build these luxury high-rises, and that would have been the ultimate gentrification. Ms. Jain: Yep. Vice Chair Hardemon: The Southeast Overtown CRA realized that people are selling units, and we're trying to capture some of those units back to ensure that people who were moved out get an opportunity to come back in. And so, I don't want to -- And even with the affordable housing dollars that we' II have for the $100 mi I l i on affordable housing in the bond passage, I don't want to infringe upon people's rights to sell their property. You should be allowed to sell your property -- Ms. Jain: Absolutely. Vice Chair Hardemon: -- but we will -- Ms. Jain: Absolutely. Vice Chair Hardemon: -- recapture our -- those dollars so that we can reinvest it back into the neighborhood in the future. In Town Park, it was -- I remember -- I' I I tell you a specific conversation that I had with someone. The woman wanted to put the bars back on her window, and I said to her, "Ma'am, this is why we have high -impact windows; they don't require bars." Right? People -- you can't just break into this space. And then I had to explain it to her. " I' I I tell you what. If you want the bars on your window, you won't get a renovation." And just to make them understand that -- Some people just don't -- they're so distrusting of it that you're handing them something that's going to create wealth for them and their families, and they won't accept it, because they don't bel i eve that what you' re doi ng is going to be good. And so, it was uncomplicated in that sense. But the one sense of pride that we have there was that there are people who live there who are owner -occupied, and it's of the neighborhood. It's genuinely of the neighborhood. And all I ' m sayi ng is that any time -- So the neighborhood needed to be cleaned up. It needed to have standard housing. It needed all theao things that's going to raise property values. Units are now going for like $160,000 each, when they were going for like 40, 50 before. Right? That's a positive thing. Ms. Jain: That's a good story. OMNI Community Redevelopment Agency Page 13 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 T'iceChairHardemon: However -- Ms. Jain: It's a very good story. Vice Chair Hardemon: -- in this situation, where the City of Miami is going to -- or the I' m sorry -- the CRA is going to be giving dollars for the -- towards the purchase of these -- this property, I think it would make sense that with it comes some sort of community ownership. I'm not saying that it has to be li ke a 50/50 thing; not saying -- not to that extent, but certainly, some sense of ownershi p, because I thi nk it' I I send the right signal. And it's -- and that's why I said it's not about you, but it's just about ownership for the neighborhood -- Ms. Jain: Listen, you could -- Vice Chair Hardemon: -- (UNINTELLIGIBLE). Ms. Jain: -- look at it. All I can tell you is there's no money being made, so ownership, I don't really care, so -- But the thing is, is this: Going forward, for me, it's a management issue, too, so -- In fact, you know, the reason why rental works, why you want the 30-year covenant instead of ownership for the units, is you want a landlord who' s responsi ble for mai ntenance -- right? -- Vice Chair Hardemon: No, I don't mean -- Ms. Jain: -- who's responsi ble for -- Vice Chair Hardemon: -- individual ownership of the units. Ms. Jain: Right. So -- Vice Chair Hardemon: I mean ownership of the entirety. The management of the complex can be by whomever you all decide to use. Ms. Jain: Yeah. Actually, I' m wai ti ng for you guys to do that, but -- Vice Chair Hardemon: So I don't mean that the person who is in the individual unit owns the unit. No. I rran that an organization, like, for instance, if it's " ABC, LLC" that owns the entirety of all the complexes, it' I I be " ABC, LLC" plus" XYZ/123, LLC," those who are the owners of the entire thing, who run now the rental units. Ms. Jain: Who have the headaches going forward, right? So -- because that' s -- to the iss -- The thing about affordability is, is that you have to really cap the rents in a covenant. That's the only way to ensure affordability. Because the -- and, really, you have a choice. You can either voucher up the renters or you can buy down the voucher, which is basically pay for the renovations, and -- which is a conversation, which is why you all will have to always decide are you going to renovate what's existing or knock down and build new, because the cost to renovate properly down to the studs, the differential is not that much. The good story here is there's no displacement. So what we do is, is we renovate the units, one unit at a time, two units at a time. It's a lot of work. It's -- if it wasn't for a team that I had that was wi I I i ng to do this, it would be diffi cult. But I can tell you, we've been succcsful. By the way, you have to get the bars off the windows, because it's a fi re trap. Vice Chair Hardemon: It's a fi re hazard. Yes, it's a fire hazard. Ms. Jain: It's a fire trap. So we went through the same issue in Little Haiti. You OMNI Community Redevelopment Agency Page 14 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 should come and see the units we did. And they were very reluctant. The other thing we did was we changed wood doors to metal doors, and one of them probably saved a life from flyi ng bullets. So, you know, we' re here to help. VVe think we can set the bar on this project and share with other people. We're going to mentor young developers out of University of Miami. We've also recomended to the CRA, if there's anybody local who'd l i ke to get involved. Construction is a big task. The other good story here is, I can tell you, in our last project, 97 percent of the money spent on the renovation was to locals, local small businesses, because you're doing small projects. Theae are small subcontractors. Some of them, yeah, they're buying at Home Depot, but 97 percent of the money spent went to local businesses, small businesses. So there's a good story here. It's a process. It's a lot of work. We'd like to -- we think this should be part of the affordable housing solution, and we're wi l l i ng to sort of do this, and hopefully, set a bar for everybody else. Chair Ruoecl l : Thank you very much. I' d to hear for a moment from Ms. Lalita, and it may-- I don't know if this addreoccsyour concerns, Chairman Hardemon, because it's not quite a CDC, and I know Ms. Jain comes from way on blocks up north, but we do have a entrenched local activist/owner/equity holder who, I believe, is partnering in this situation, who is of the community. Lalita Alran: Thank you, Commissioner. I just wanted to tell you the history behind this project, how it came to be. We own some properties in Overtown, right next to this property that they're buying. And there was another one north of it that we were working on, and we had presented it to the -- this board before, and we ran into a zoning problem. So we wanted to do a project together to clean up the neighborhood, and I really commend the CRA -- Omni CRA to try to do that, and they have been trying for last one and a half years. So when these properties came up, I suggested to CRA that why don't CRA buys these properties and renovate them; they're available for sale, because I knew it; I was dealing with them. And so, I went and made an offer. But then, in the meantime, things changed, and CRA could not do it themselves, and I couldn't do it myself. So I asked -- we talked and we talked about asking Ms. Jain to come in. So, actually, I asked her to come in and join, and she is the one taking a $3 million loan to purchase the property. And so, we have lot of money invested from her to buy the property. And, frankly, the goal here of our team is not make money, but to have a really nice community, and we have plans to do things to beautify and create it as a community. Hopefully, this will be a good project as we go along. Chair Russell: Thank you, and thank you for your involvement. Are there other further comments or questions on this project? Board Member Reyes: Yes. I just want to -- I do understand the Chairman's concern, and I think that ownership is very important, and we will -- if -- I will ask, you see, the - - you, as the Chairman of the CRA, Omni CRA, and -- Whenever we have the possibility of starting a development that in which we are going to provide ownership to the -- particularly to the residents of that area, Overtown, and -- Adam, I think that - - well, I am asking you to, please, pay special consideration in those developments that will provide those residents with ownership. Mr. Old: And we -- Board Member Reyes: I do agree with him. Mr. Old: -- VVe've been researching ownership and ways to maintain affordability while encouraging ownership, based on what T ice Chair Hardemon had suggested in the past. We think that there are projects that we currently are at the very beginning stages of that could offer ownership. The thing about this particular project that we think is just very exciting isthat we're not displacing any -- OMNI Community Redevelopment Agency Page 15 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Member Reyes: Yes. Mr. Old: -- of the current residents. And if we went to an ownership model, probably most of these residents would be displaced. Board Member Reyes: Okay. I' m tal king for the future. Chair Russell: Yes, and we are. Mr. Old: Correct. Yes, yes. Board Member Reyes: That's right. I'm talking for the future. You see, I do understand this project. I think that will -- best thing that it has that it's not di spl ad ng anybody. And there is a covenant that those people, that they are paying that amount of rent, which i s what they can afford. There's not going to be increased. Mr. Old: Right. Board Member Reyes: And they' II be living in a better place than what they're living now. They' re goi ng to be living i n a decent place. Mr. Old: i ery high -quality work. Board Member Reyes: Very high -quality, and I commend you for that. Mr. Old: Okay. Board Member Carollo: Can you go over again the pri ces that we' re going to have? Mr. Old: Yes, I can. Just one second. Chair Ru9ccl I: You' re going to like it. Mr. Old: So right now the -- all the apartments are at various prices, based on the lease with the tenant that'sthere now, but the average prices are: Studios are at $460. Board Member Carollo: Okay. The studios are how big; how many square feet? Mr. Old: They' re small. They' re small -- not even a one -bedroom apartment. Board Member Carollo: No, but in square feet is what I'm talking about. Mr. Old: I think some of them are 200 -- wait. No. Sorry. Unidentified Speaker: 380. Board Member Carollo: 380? Board Member Gort: 300. Mr. Old: 380. Board Member Carollo: Okay. Chair Russell: There's 12 of those. OMNI Community Redevelopment Agency Page 16 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Member Carollo: 12, okay. That's a good price. Commissioner Reyes: Yes. Board Member Carollo: Go ahead. Chair Russell: Then there are -- you got a -- you got the chart? Go ahead. Mr. Old: So there's 20 one -bedrooms, and the average price is 553. Board Member Carollo: Yeah, but I'd like -- Mr. Old: Like the square footage. Board Member Carollo: -- in the square footage -- Mr. Old: I' I I have to ask -- Board Member Carollo: -- prices. Mr. Old: -- our team here, so. Board Member Carollo: I could get a better feel for it that way. Mr. Old: 625 feet -- Board Member Carollo: 625 feet -- Mr. Old: -- average. Board Member Carollo: -- the square feet. Mr. Old: Average. Chair Russell: For 553.50 a month. Board Member Carollo: 553.50. Chair Russell: There's 20 of those. Board Member Carollo: There's 20 of 625 square feet -- Mr. Old: Correct. Board Member Carollo: -- at 553.50 a month. Mr. Old: Average. Correct. Board Member Carollo: That's pretty good. Chair Russell: Keep going. Mr. Old: Six two -bedrooms at 725 -- Chair Russell: Square feet -- Mr. Old: -- square feet -- OMNI Community Redevelopment Agency Page 17 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Chair Russell: -- for an average price -- Mr. Old: -- for 673. Chair Russell: -- of 673.33. Board Member Carollo: 673 for 725. Wel I , look, I have to compliment you. And I'm going to tell you why I'm going to vote for this, and you're confirming what I'm looking for in really affordable housing. Mr. Old: Okay. Board Member Carollo: Most of our developers that are fine people, vast majority are friends of rri ne, but they have one quality that's different from what I see is the quality that Avra has. They have bigger pockets, smaller hearts. I think Avra has a much bigger heart and a smaller pocket. And what I'm meaning by that is, she's not loold ng just to make a buck, and this is the problem; not just with our community, but across the country; but even more so here, because we're a pioneer town; everything goes. And the only way that we're going to be able to really tackle the mass, huge problem we have here is by having people, such as yourselves, that -- Yeah, you still have to make a profit, but it's going to be this, not that; and that, together with what I'm hoping that we' re going to accomplish on the City side that neither you nor any other developer could accomplish, and that is to get into the affordable housing business. I think through a housing authority that we can't do this, because there ain't enough money in renting, because you get bogged down then for 30 years or more, but by having a revolving door where we could build 2,500, 3,000 units a year that people are going to have ownership of. This way, we get our money back once they get that mortgage and we could keep going; otherwise, $500 million will be used once in 30 or 40 years. Chair Russell: Yep. Board Member Carollo: This is fantastic. I wish I could see more of this -- Board Member Reyes: Yep. Chair Russell: Thank you, Commissioner. Board Member Carollo: -- because this is most affordable. Chair Russell: Just to round out the chart, the final is a three -bedroom apartment at $825 per month. Board Member Carollo: Fantastic. Board Member Gort: Mr. Chairman? Board Member Carollo: How many -- Chair Russell: Yes, Commissioner Gort. Board Member Carollo: -- square feet on that? Chair Russell: Square feet on the final one -- Unidentified Speaker: (UNINTELLIGIBLE). OMNI Community Redevelopment Agency Page 18 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Member Carollo: How big? Chair Russell: 1150. Board Member Carollo: 1150. Mr. Min: Her comments are not being picked up on the microphone. Board Member Reyes: That is excellent. Board Member Gort: Mr. Chairman, after looking at the role of the renters being shown to us here, and looking at page 15, where the developer has committed to maintaining the same people that live there and they' re goi ng to be kept i n there, which is very important to me. Chair Russell: Yeah. Board Member Gort: And I always said it from the beginning: In order to create this affordability, you -- people need to get a lot of incentive. I worked a lot with a lot of people with the tax credit, and the -- right now the tax credit, even though they had tax credit, the little ones go for five hundred and something, so this is a great price for it. For that reason, I move for approval. Chair Russell: Thank you. It's been moved -- Board Member Carollo: I second. Chair Russell: -- and seconded. Now, you' re not using any tax credits, is that correct, in this situation? Board Member Gort: No, no, no. Mr. Old: No tax credits. Board Member Gort: That's going straight. Chair Russell: And this is another concept that the Omni CRA is taking on. We are trying not to touch the Federal money by any means necessary so that we can avoid all red tape and restrictions involved therein. So it's been moved and seconded. Is there any further discussion from the public? Oh, we got the Chairman here, as well. Vice Chair Hardemon: I got more discussion. Chair Russell: I almost dropped the hammer. Vice Chair Hardemon: Still need four votes. You can't always guarantee votes, I' I I tell you that. But I' I I tell you this, because I' m -- I believe in what we' re trying to do, but when you have a covenant that lasts for 30 years, it's over in 30 years. Overtown wasn't established yesterday. It's been there for a very long time. You have churches in that community that's been there for more than 100 years. They have CDCs that want to provide affordable housing to this area. Right? And what I' m saying to you is that a lot has changed in that area in those 100 years that those churches have been there, and they' re sti I I there. And people I i ke my -- my Chief of Staff travel from Miramar to go to the church in that area, because bel i eve that that's where the church started, and that's where the church will always be, no matter what the neighborhood is. And so, in this space, where you have an opportunity to continue to have OMNI Community Redevelopment Agency Page 19 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 community ownership, because we' re giving dollars that we've earned from -- that we've taken from the community to rei nvest into this space, I think it makes good sense to guarantee -- not only do you have affordable housing and rents for 30 years, but you have it beyond that. And moreover, when it does come a time where some LLC -- because it is an entity in and of itself. It is a distinct person -- a distinct body with a distinct board that makes its decisions from that authority -- that when it comes time for a possible sale that it won't just be that entity that is i rruersed in profit and some gain; i t' I I be an institution that's been in that area as well for 100 years. So, although I appreciate those who are property owners, who own businesses, et cetera, in the area, who've been there, there are Tots of other people who've also have blood, sweat, and tears, and toiled in this space, and didn't just move there because the land was cheap. They moved there because that was the place that blacks had to be, and they took pride in their spaces. And those same people -- when Overtown becomes a part of what is the greater downtown area -- or what's distinctly Overtown, though -- that the land value is going to increase immensely. When you look at the prices of land in places like Wynwood, the rent per square foot, and you compare it to other areas, like Allapattah, Liberty City, Little Havana, things like that, it is exponentially different. Right? And you know who realizes that game? Property owners. Property owners. Mr. Old: Yeah. Vice Chair Hardemon: And so, what I' m sayi ng is that the people who are there -- the CDCs that are there, pick one -- dcoerve an opportunity, and that's what I would like to see as a part of this; that the ownership, the ownership is a team that looks like me, too. Mr. Walker: Commissioner, we hear you, and we will be bringing something back to you in the March meeting for Wynwood property to draw down on the second part of our loan to purchase a property in Wynwood for affordable housing, and we will include your comments in that process as we move forward with the purchase of it. Board Member Carollo: I would hope that you would, Jason, because -- Board Member Reyes: Yes. Board Member Carollo: -- I don't think you will challenge me on this: If anybody up here knows that neighborhood better than anybody else, it's Commissioner Hardemon. Board Member Reyes: Absolutely. Board Member Carollo: And his words, you know, mean a lot to me in this particular case there, because I agree with what he's sayi ng. Mr. Walker: Yes, sir. Board Member Carollo: Now, I also want to see something good go out here, and I' m sure he does, too, but, you know, it's -- I thi nk you should hear what he' s sayi ng -- Mr. Walker: Loud and clear. Board Member Carollo: -- and we have to go about it a little differently. Mr. Walker: Yes, sir. Chair Russell: Gentlemen, in previous projects that we were considering that did not come to fruition -- I know we were considering partnerships with local CDC as well, and I would like to see us continue that into the future, to figure out -- OMNI Community Redevelopment Agency Page 20 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Member Carollo: Move. Chair Russell: -- whatever happened there, that that one didn't come to fruition. But I think these are good partnerships. Mr. Walker: Yes, sir. Board Member Carollo: Commissioner, is there that -- anything that you would like to see that maybe, before we finally vote on this that we could look at before the final vote is given that we take action on? Vi ce Chai r Hardemon: Look, I don't -- I want to see a CDC from the area get involved with this, become part ownership, and the organizations can work out the extent to it that's acceptable that we can all agree on as this body and those groups. I don't want anything to be burdensome to anyone. I just want that, at the end of the day, when these -- when the test of time has really showed the potential of this area that there are other people that walk away saying, " Yeah," you know, " we' re doing well because of what happened back in 2018 with the" -- " this CRA." Chair Russell: Right. Vice Chair Hardemon: And so, it should be people also that's -- you know, that's organically from that space. And so, what I would like to see is -- I mean, you -- what? -- You have St. Agnes CDC; they've redeveloped a property there. You have St. John CDC; they' re building a property right now. Mr. Old: Yes. T ice Chair Hardemon: They have -- that's a larger property, so maybe St. Agnes, because it's a smal l er property, to be involved in this whole ownership mix. Chair Russell: Lalita. Ms. Al ran: If I may? I think it's a great idea. Actually, Adam and myself and Jason, we have been talking about how we can do ownership of the local residents, but it's -- Wle have a meeting with Habitat for Humanity; how do they do it so it's not sold again. And there are some good plans on the bay that was the same track that you were talking about; not just CDC, but local people who are there; even, for example, some of these residents who did that ownership, they could have the ownership. We are talking about doing another project like that, but in this case there's a $3 million loan that Avra and I have to guarantee, and if you bring CDC in, then it will complicate that. The loan is already approved, but maybe later on you can think about transferring. I'm actually setting up a private foundation, and I'll be willing to let CDC take over through my private foundation -- Tice Chair Hardemon: Well -- Ms. Alran: -- but -- Go ahead. Vice Chair Hardemon: No, no. And I don't want to work out all those details on the dais, because that's not for us to do. What I' m saying to us is that if you were willing to accept ownership and we can figure out how it is with a St. Agnes EDC -- CDC, what you'll be able to do then, it -- I mean, it goes along with this grant that we're giving from the CRA, saying, " Okay. Look, we' I I give the grant. We appreciate you coming in," because this is what the redevelopment agencies, you know, are encouraged to do; not only just -- We want to incentivize people to come into this OMNI Community Redevelopment Agency Page 21 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 space, and it's great. I mean, now what we have a willing developer to come in that needs a little assistance, and we're saying, " Okay, we're going to give you that little assistance, but we want you to take this ownership with it so that people" -- " It's a wi n/wi n/wi n for the community." And I i ke I say -- Ms. Alran: That's a bad idea. Vice Chair Hardemon: -- I think it does nothing but strengthen what you' re presenti ng to this -- to that neighborhood and also to the people who are looking at this saying, " Why would they just do this for this person or this entity? Maybe this person can do this all by that person's self," XYZ. Oh, we could do it ourselves. Right. So -- I mean, there's --but there's a lot. So, you know -- Mr. Walker: Yeah. We appreciate those comments, and like -- as the Chairman pointed out, the previous project that we were working on was a partnership with the local CDC. That fell through because of zoning issues. As we move forward, we will make sure that every project -- Vice Chair Hardemon: But you're telling me that you're not going to do it now. It's not up to you. I mean, it's up to this board -- Mr. Walker: Yeah. Vice Chair Hardemon: -- how we move forward with this item. Mr. Walker: Oh, for this item? Unidentified Speaker: (UNINTELLIGIBLE). Mr. Min: Your comments are not being picked up on the microphone. Chair Russell: Yeah, we would -- please address that at the lectern, Avra. Mr. Walker: We can look at -- we could look -- Mr. Chairman, we can look into it. The -- Hold on, Avra. We can look into it. Chair Russell: Fun time. Mr. Walker: They can look into it to see if it could be done now. I know that I had to personally get on the phone to ask for an extension of the contract, because of -- Vice Chair Hardemon: It's not difficult. I rran, if we make this a grant -- this grant agreement with the -- also, a condition that a CDC is involved, has some ownership in the structure of this deal, and it moves forward. Mr. Walker: Okay. Vice Chair Hardemon: You would purchase the building, you do everything you need to do, and you move forward. And if there's an issue with this CDC, then come back -- Mr. Walker: Okay. i ice Chair Hardemon: -- and then we' II address another CDC to be in that place. Mr. Walker: Maybe -- I ice Chair Hardemon: I don't want to hold up the deal. I just want it to move forward OMNI Community Redevelopment Agency Page 22 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 with some ownership in an agency that has a long-term and has had a long-term stake in the neighborhood. Mr. Walker: Okay. The attorney is advising that you can make that amendment to the motion, and then we will try to make that happen. Chair Russell: Commissioner Hardemon, would you like to amend the motion which is on the floor right now to add involvement of a CDC? Vice Chair Hardemon: Yes. Particularly, I named -- Mr. Walker: St. Agnes. Vice Chair Hardemon: -- because they have -- they've already done some redevelopment, I believe, and then you have other ones. But like I said, you just bring it back. Mr. Walker: Now, do they have to necessarily be in Overtown? Because we also had a meeting with several other CDCs -- V ice Chair Hardemon: I had a long list of CDCs that -- Mr. Walker: Yes. Vice Chair Hardemon: -- are outside of Overtown -- Mr. Walker: Yeah. Vice Chair Hardemon: -- but I'm trying to be -- I'm trying to mai ntai n Overtown as Overtown -- Mr. Walker: Okay. Vice Chair Hardemon: -- you know. Mr. Walker: But we met with the Urban League last week. Vice Chair Hardemon: They -- oh, they -- Listen, but the Urban League owns -- I mean, those are big boys when it comes to ownership, and so I want other Urban Leagues in the black community. Mr. Walker: Okay. Mr. Min: Is the proposed amendment -- 1' m sorry -- going to specify a particular CDC, or is it just directing the Executive Director to work with a CDC? Vice Chair Hardemon: The reason I mentioned St. Agnes is because there's another one -- I think it's St. John -- they're working on a project right now; it's huge. So I was just trying to create some equity, some parody, you know, amongst the CDCs, so that' s why I mentioned -- Chair Russell: So, yes, the -- Vice Chair Hardemon: -- St. Agnes. Chair Russell: -- amendment includes St. Agnes involvement. Does the mover and seconder -- OMNI Community Redevelopment Agency Page 23 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 Board Ili/ember Ryes: Moved. Chair Russell: -- accept the amendment? Board 1\=lember Gort: Accept. Chair Russell: Fes? Board \feinher Rees: Fes. Chair Russell: Is there any further discussion from the dais? All in favor of the item, say " aye." The Board (Collectively): Aye. Chair Russell: Any opposed? Motion passes. Todd B. Hannon (Clerk of the Board): As amended. Chair Russell: As amended. 2. OMNI CRA RESOLUTION 3484 TO BE DEFERRED A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL NECESSARY AGREEMENTS, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; ALLOCATING GRANT FUNDS OF $400,000.00 TO MORGANS 2829, INC. FOR THE REHABILITATION OF THE PROPERTY LOCATED AT 130 NW 14 STREET, MIAMI, FLORIDA, SUBJECT TO THE AVAILABILITY OF FUNDS. MOTION TO: Continue RESULT: CONTINUED MOVER: Manolo Reyes, Commissioner SECONDER: Keon Hardemon, Vice Chair AYES: Russell, Hardemon, Gort, Carollo, Reyes Note for the Record: Item 2 was continued to the next scheduled OMNI Community Redevelopment Agency (CRA) meeting. Todd B. Hannon (Clerk of the Board): There is RE.2 that we need to -- Board Member Carollo: One additional -- last item. Hr. Chairman, you said it was OMNI Community Redevelopment Agency Page 24 Printed on 3/29/2018 OMNI Community Redevelopment Agency Meeting Minutes February 22, 2018 ADJOURNMENT 20 minutes, and it was not 20 minutes, so if we could agree to come back at 3, then, instead of 2: 30? Chair Russel I : Si ri just took over the meeting. I' m open to a 3 o'clock re -adjournment [sic], if that's not -- b ice Chair Hardemon: Oh, talking about for the "C" -- for the City ofMiami meeting? Chair Russell: For the City ofMiami meeting. Board Member Carollo: Yeah, City of Him meeting. Board Member Reyes: 3 o'clock. Chair Russell: Do you need an action on RE -- I mean, on RE.2? Jason Walker (Executive Director/Omni Community Redevelopment Agency): No, sir. That item will be deferred. Mr. Hannon: No, no, no. We need some kind of action -- Chair Russell: You need an action. Mr. Hannon: -- by the Commission to defer it. Chair Ruoc,cl I: I' I I entertain a deferral of RE.2, if there is a motion. Board Member Reyes: Move. Chair Ruoc,cl I : It's been waved. Board Member Carollo: Second. Chair Russell: Is there a second? Vice Chair Hardemon: There's a second. Chair Russell: Seconded by Chairman [sic] Hardemon. Mr. Hannon: That's to the next Omni CRA (Community Redevelopment Agency) meeting. Chair Russell: Yes, sir. Mr. Hannon: Understood. Chair Ruoecl I: All in favor, say " aye." The Board (Collectively): Aye. Chair Russell: Any opposed? Motion passes. Meeting adjourned. Thank you very much, gentlemen and ladies. The meeting adjourned at 1: 07 p.m. OMNI Community Redevelopment Agency Page 25 Printed on 3/29/2018