HomeMy WebLinkAboutOMNI CRA 2018-07-12 Agenda PacketCity of Miami
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Meeting Agenda
Thursday, July 12, 2018
12:00 PM
(OR THEREAFTER)
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
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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 Agenda July 12, 2018
CALL TO ORDER
OMNI CRA DISCUSSION ITEM(S)
1. OMNI CRA DISCUSSION
4476 DISCUSSION ITEM REGARDING AFFORDABLE HOUSING DEVELOPMENT
ON CRA LOTS TO BE PURCHASED IN WYNWOOD, IN THE OMNI
REDEVELOPMENT AREA.
OMNI CRA RESOLUTION(S)
1. OMNI CRA RESOLUTION
4477 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO ENGAGE THE
LAW FIRM OF GOREN, CHEROF, DOODY & EZROL P.A. FOR THE
REPRESENTATION OF THE CRA ON ALL MATTERS IN CONNECTION
WITH THE DECEMBER 31, 2007 INTERLOCAL AGREEMENT BETWEEN
THE CITY OF MIAMI ("CITY"), MIAMI-DADE COUNTY, SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, AND
THE CRA, COMMONLY REFERRED TO AS THE "GLOBAL AGREEMENT,"
INCLUDING BUT NOT LIMITED TO PAYMENTS TO THE CITY REGARDING
MUSEUM PARK AND POTENTIAL RENEGOTIATION OF THE GLOBAL
AGREEMENT; FURTHER AUTHORIZING THE EXPENDITURE OF
ATTORNEYS' FEES AND COSTS ASSOCIATED WITH SAID ENGAGEMENT
WITH FUNDS ALLOCATED FROM ACCOUNT NO.
10040.920501.531010.0000.00000.
2. OMNI CRA RESOLUTION
4479 A RESOLUTION OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA
("AGENCY") APPROVING THE ISSUANCE OF THE AGENCY'S $15,000,000
TAX INCREMENT REVENUE NOTE, SERIES 2018B; AUTHORIZING THE
PROPER OFFICIALS OF THE AGENCY TO TAKE ANY AND ALL OTHER
ACTIONS DEEMED NECESSARY OR ADVISABLE IN CONNECTION
THEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING AN
EFFECTIVE DATE.
ADJOURNED
OMNI Community Redevelopment Agency Page 2 Printed on 7/5/2018
OMNI Board of Commissioners Meeting
July 12, 2018
1.1
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell Date: July 3, 2018
and Members of the CRA Board
Jason Walker
Executive Director
File: 4476
Subject: Affordable Housing Development on
CRA Lots
Enclosures:
Discussion item regarding affordable housing development on CRA Tots to be
purchased in Wynwood, in the Omni Redevelopment Area.
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1.1
City of Miami
Legislation
OMNI CRA Discussion
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 4476 Final Action Date:
DISCUSSION ITEM REGARDING AFFORDABLE HOUSING DEVELOPMENT ON CRA
LOTS TO BE PURCHASED IN WYNWOOD, IN THE OMNI REDEVELOPMENT AREA.
City of Miami Page 2 of 2 File ID: 4476 (Revision:) Printed On: 7/5/2018
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OMNI Board of Commissioners Meeting
July 12, 2018
2.1
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell Date: July 5, 2018
and Members of the CRA Board
Jason Walker
Executive Director
File: 4477
Subject: Outside Counsel for Museum Park
Project Dispute and 2007 Interlocal
Agreement Amendments
Enclosures:
BACKGROUND:
The Omni Redevelopment District Community Redevelopment Agency ("CRA") entered
into the 2007 Global Agreement with the City of Miami, Southeastern Overtown Park
West CRA and Miami -Dade County to complete respective projects in the CRA. There
are discrepancies with the completion of the Museum Park Project between the Omni
CRA and the City of Miami. Additionally there are ongoing negotiations between the
entities regarding expansion and extension of the CRA boundaries.
As a result of ongoing disputes and negotiations, the Omni CRA would like to retain
outside counsel Goren, Cherof, Doody & Ezrol P.A. in regards to the settlement and the
renegotiation of the abovementioned matters.
JUSTIFICATION:
The Omni CRA is a separate legal entity from the City of Miami. The Executive Director
is authorized to engage outside counsel for the representation of the CRA on the above
mentioned matters.
FUNDING:
Allocating funds from Omni Tax Increment Funds titled Professional Services Account
Co. 10040.920501.531010.0000.00000.
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2.1
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 4477 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO ENGAGE THE LAW FIRM OF
GOREN, CHEROF, DOODY & EZROL P.A. FOR THE REPRESENTATION OF THE
CRA ON ALL MATTERS IN CONNECTION WITH THE DECEMBER 31, 2007
INTERLOCAL AGREEMENT BETWEEN THE CITY OF MIAMI ("CITY"), MIAMI-DADE
COUNTY, SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY, AND THE CRA, COMMONLY REFERRED TO AS THE "GLOBAL
AGREEMENT," INCLUDING BUT NOT LIMITED TO PAYMENTS TO THE CITY
REGARDING MUSEUM PARK AND POTENTIAL RENEGOTIATION OF THE GLOBAL
AGREEMENT; FURTHER AUTHORIZING THE EXPENDITURE OF ATTORNEYS'
FEES AND COSTS ASSOCIATED WITH SAID ENGAGEMENT WITH FUNDS
ALLOCATED FROM ACCOUNT NO. 10040.920501.531010.0000.00000.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("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 CRA previously entered into an agreement with the City of Miami
("City"), Miami -Dade County, and the Southeast Overtown/Parkwest Community
Redevelopment Agency ("Global Agreement"); and
WHEREAS, the CRA would like to retain the law firm of Goren, Cherof, Doody & Ezrol
P.A. ("Counsel") to represent the CRA on all negotiations in reference to the Global Agreement,
including but not limited to payments to the City for Museum Park and potential renegotiation of
the Global Agreement;
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 Executive Director is authorized to engage Counsel on all matters
pertaining to the Global Agreement, including but not limited payments to the City for Museum
Park and potential renegotiation of the Global Agreement.
Section 3. The Executive Director is authorized to expend funds from Account No.
10040.920501.531010.0000.00000 to engage Counsel.
City of Miami Page 2 of 3 File ID: 4477 (Revision:) Printed On: 7/5/2018
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Section 4. This Resolution shall become effective immediately upon its adoption.
2.1
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL
City of Miami Page 3 of 3 File ID: 4477 (Revision:) Printed On: 7/5/2018
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OMNI Board of Commissioners Meeting
July 12, 2018
2.2
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell Date: July 3, 2018
and Members of the CRA Board
Jason Walker
Executive Director
File: 4479
Subject: Series 2018B Loan
Enclosures:
BACKGROUND:
The Omni Redevelopment District Community Redevelopment Agency ("CRA")
received approval of the Direct Placement Loan with Bank United. The Series 2018A
portion of the loan was previously requested to purchase and renovate the historic Bank
Building. The CRA would like to use the second portion of the loan the "Series 2018 B"
for the acquisition of land and the development of affordable housing within the Omni
CRA.
JUSTIFICATION:
The CRA in 2017 received approvals from the CRA Board, The City of Miami and
Miami -Dade County for the direct placement loan with Bank United. This portion of the
loan will be used to purchase the North Miami lots located at 2035, 2037 and 2045
North Miami Avenue. The site will be used for the development of affordable housing.
Section 163.370 of the Florida Statutes gives the CRA authority to "make real property
acquisitions" to further the initiative of the CRA. Through Resolution No. CRA-R-16-
0040, the Board has prioritized the need for affordable housing. The 2009 Omni
Redevelopment Plan ("Plan") on p. 123 also emphasizes this initiative by highlighting
the need for affordable and workforce housing in the area. Additionally the Board earlier
this year previously approved the purchase of the three parcels in the Omni Area for the
development of affordable housing. This portion of the loan will be used to fund the
acquisition and then the project development.
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2.2
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 4479 Final Action Date:
A RESOLUTION OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA ("AGENCY")
APPROVING THE ISSUANCE OF THE AGENCY'S $15,000,000 TAX INCREMENT
REVENUE NOTE, SERIES 2018B; AUTHORIZING THE PROPER OFFICIALS OF THE
AGENCY TO TAKE ANY AND ALL OTHER ACTIONS DEEMED NECESSARY OR
ADVISABLE IN CONNECTION THEREWITH; PROVIDING FOR SEVERABILITY; AND
PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MIAMI, FLORIDA:
Section 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted
pursuant to the provisions of Chapter 163, Part III, Florida Statutes ("Act"), the Florida
Constitution, and other applicable provisions of law.
Section 2. ISSUANCE OF 2018B NOTE. The Omni Redevelopment District
Community Redevelopment Agency of the City of Miami, Florida ("Agency") hereby authorizes
the issuance of its Tax Increment Revenue Note, Series 2018B ("2018B Note") in a principal
amount not to exceed $15,000,000.00 to finance the costs of the Agency's Redevelopment Plan
and pay costs of issuing the 2017 Notes as more particularly described in the Loan Agreement.
The 2018B Note will be secured by Increment Revenues and other pledged amounts, all as more
particularly described in Resolution No. CRA-17-0034 adopted by the Board of Commissioners
of the Agency on June 21, 2017.
Section 3. AUTHORIZATION OF OTHER DOCUMENTS TO EFFECT
TRANSACTION. All Agency officers and officials including but not limited to the Executive
Director, General Counsel, and Bond Counsel are hereby authorized to prepare, execute, and
deliver such documents, certificates, opinions, or other items and to take such other actions as are
necessary for the issuance of the 2018B Note.
Section 4. LIMITED OBLIGATION. The obligations of the Agency to repay amounts
under the Loan Agreement and the 2017 Notes are limited and special obligations payable from
and secured solely by the sources and in the manner set forth in the Loan Agreement and shall
not be deemed a pledge of the faith and credit of the Agency or of the City of Miami.
Section 5. EFFECTIVE DATE. This Resolution shall take effect immediately upon its
adoption.
City of Miami Page 2 of 3 File ID: 4479 (Revision:) Printed On: 7/5/2018
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APPROVED AS TO FORM AND CORRECTNESS:
2.2
VICTORIA MENDEZ, GENERAL COUNSEL
City of Miami Page 3 of 3 File ID: 4479 (Revision:) Printed On: 7/5/2018
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