HomeMy WebLinkAboutCRA-R-18-0037I I
`rr
Omni
CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-18-0037
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 4781 Final Action Date:9/12/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") ALLOCATING $500,000.00 TO A BUSINESS GRANT PROGRAM FOR
THE PURPOSES OF BUSINESS DEVELOPMENT IN THE OMNI
REDEVELOPMENT AREA FROM ACCOUNT NO. 10040.920501.883000;
AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS
DISCRETION, AS A LOAN TO BUSINESS ENTITIES ON A REIMBURSEMENT
BASIS TO BUSINESS ENTITIES OR DIRECTLY TO VENDORS UPON
PRESENTATION OF INVOICES AND/ OR SATISFACTORY DOCUMENTATION
TO QUALIFYING BUSINESSES IN ORDER TO DISBURSE FUNDS AS STATED
HEREIN SUBJECT TO THE AVAILABILITY OF FUNDS.
WHEREAS, the Omni Redevelopment District Community Redevelopment
Agency ("CRA") is responsible for carrying out community redevelopment activities and
projects within the Omni Redevelopment Area ("Area") in accordance with the 2009
Omni CRA Redevelopment Plan ("Plan"); and
WHEREAS, Section 4.4, C., D-1, at page 41 of the Plan; Section 4.4, D., A02, at
page 42 of the Plan; and Section 4.4, E., D-7, at page 42 of the Plan all list maximizing
conditions for residents to live in the area, the elimination of conditions which contribute
to blight, and minimizing condemnation and relocation as stated redevelopment
objectives; and
WHEREAS, Section 5 of the Plan, titled "Projects and Strategies," also
encourages the CRA to further authorize "small business development through the
creation of financial resource pools"; and
WHEREAS, Page 97 of the Plan also authorizes the CRA to engage in the
"encouragement of small business opportunities in the redevelopment area"; and
WHEREAS, the Board of Commissioners of the CRA has previously allocated
funds to programs that rehabilitate facades, small business improvements, and improve
the quality of life within the Area; and
WHEREAS, these programs have been successful and have accomplished the
goals and objectives of the Plan; and
City of Miami Page 1 of 2 File ID: 4781 (Revision:) Printed On: 8/29/2025
File ID: 4781 Enactment Number: CRA-R-18-0037
WHEREAS, the Board of Commissioners wishes to allocate an additional
$500,000.00 to a Business Program ("Program") to continue with similar programs in
the Area; and
WHEREAS, funds are available from Account No. 10040.920501.883000 for the
Program; and
WHEREAS, the Executive Director is requesting authority to disburse funds for
the Program to eligible participants as a loan, on a reimbursement basis or directly to
vendors upon presentation of invoices and satisfactory documentation, without the need
for further approval from the Board of Commissioners;
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 of this Resolution
are adopted by reference hereto and incorporated herein as if fully set forth in this
Section.
Section 2. The Program is hereby established with funds in the amount of
$500,000.00 allocated from Account No. 10040.920501.883000.
Section 3. The Executive Director is authorized to disburse funds at his
discretion, as a loan, on a reimbursement basis or directly to vendors upon presentation
of invoices and satisfactory documentation, to qualifying businesses.
Section 4. The Executive Director is exempted from complying with the
requirements of Resolution No. CRA-R-16-0042 as adopted by the Board of
Commissioners of the CRA on September 13, 2016 in order to disburse funds as stated
herein.
Section 5. The Executive Director is authorized to execute any and all
documents necessary to effectuate the Program, in a form acceptable to the General
Counsel.
Section 6. This Resolution shall become effective immediately.
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 9/5/2018
City of Miami Page 2 of 2 File ID: 4781 (Revision:) Printed on: 8/29/2025