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OMNI
Community Redevelopment Agency
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OMNI CRA Resolution: CRA-R-18-0032
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 4479 Final Action Date:7/12/2018
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 1 of 2 File ID: 4479 (Revision:) Printed On: 8/29/2025
File ID: 4479 Enactment Number: CRA-R-18-0032
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 7/3/2018
City of Miami Page 2 of 2 File ID: 4479 (Revision:) Printed on: 8/29/2025