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Omni
CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-18-0024
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 3989 Final Action Date:4/18/2018
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 AGREEMET ("AGREEMENT"), IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND DLFA,
INC. FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2043 NORTH
MIAMI AVENUE, 2035 NORTH MIAMI AVENUE, AND 2037 NORTH MIAMI
AVENUE, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE TOTAL LOT
AREA OF 20,238 SQUARE FEET ("PROPERTY") FOR A TOTAL PURCHASE
PRICE NOT TO EXCEED SIX MILLION ONE HUNDRED SIXTY TWO DOLLARS
AND TWENTY-FOUR CENTS ($6,000,162.24) 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; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS
AND MODIFICATIONS TO THE AGREEMENT, IN A FORM ACCEPTABLE TO
THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE
SAID ACQUISITION; ALLOCATING FUNDS FROM THE PROCEEDS OF CRA
SERIES 2018 B LOAN IN A TOTAL AMOUNT SUBJECT TO THE NOT TO
EXCEED AMOUNT OF SIX MILLION ONE HUNDRED THOUSAND DOLLARS
($6,100,000.00) 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; AUTHORIZING THE GENERAL COUNSEL TO ENGAGE A
CLOSING ATTORNEY FOR THE ACQUISITION.
WHEREAS, the Omni Redevelopment District Community Redevelopment
Agency ("CRA") wishes to acquire the real properties located at 2043 North Miami
Avenue, 2035 North Miami Avenue, and 2037 North Miami Ave Miami, Florida
containing an approximate total lot area of 20,238 square feet ("Property"); and
WHEREAS, the CRA plans to develop the Property to enhance the quality of life
in the surrounding area and address slum and blight as detailed in the Redevelopment
Plan; and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will
not exceed Six Million One Hundred Thousand Dollars ($6,100,000.00), to be allocated
from the proceeds of Series 2018 B Loan inclusive of the cost of a survey,
City of Miami Page 1 of 2 File ID: 3989 (Revision:) Printed On: 8/29/2025
File ID: 3989 Enactment Number: CRA-R-18-0024
environmental report, title insurance, and related closing costs associated with said
acquisition; and
WHEREAS, the purchase of the Property is 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 Six Million One Hundred Sixty Two Dollars and Twenty -
Four Cents ($6,000,162.24);
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT
AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution
are hereby adopted by reference thereto and incorporated herein as if fully set forth in
this Section.
Section 2. The Executive Director is authorized to execute a Purchase and Sale
Agreement ("Agreement"), in a form acceptable to the General Counsel, between the
CRA and the Seller for the acquisition of the Property for a total purchase price not to
exceed Six Million One Hundred Sixty Two Dollars and Twenty -Four Cents
($6,000,162.24), 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.
Section 3. The Executive Director is further authorized to negotiate and execute
any and all necessary documents, in a form acceptable to the General Counsel, as may
be necessary to effectuate said acquisition.
Section 4. The General Counsel is authorized to engage an attorney for the
purposes of the acquisition of the Property including all related closing matters.
Section 5. Funds are allocated from the proceeds of the Series 2018 B Loan, in
a total amount not to exceed Six Million One Hundred Thousand Dollars
($6,100,000.00), to cover the cost of said acquisition inclusive of the cost of a survey,
environmental report, title insurance, and related closing costs associated with said
acquisition.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 4/13/2018
City of Miami Page 2 of 2 File ID: 3989 (Revision:) Printed on: 8/29/2025