HomeMy WebLinkAboutOMNI CRA 2019-10-30 AgendaCity of Miami
3500 Pan American Drive
Miami, FL 33133
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Omni
CRA
Meeting Agenda
Wednesday, October 30, 2019
5:00 PM
Dorsey Memorial Library
100 NW 17th Street
Miami, FL 33136
OMNI Community Redevelopment Agency
Ken Russell, Chair, District Two
Keon Hardemon, Vice Chair, District Five
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, 2nd Floor, Miami 33136
Phone: (305) 679-6868
www.miamicra.com
OMNI Community Redevelopment Agency
Meeting Agenda October 30, 2019
CALL TO ORDER
OMNI CRA RESOLUTION(S)
1. OMNI CRA RESOLUTION
6721 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") ALLOCATING $750,000.00 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
SOLELY IN HIS DISCRETION AS A GRANT, 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; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE ANY AND ALL NECESSARY DOCUMENTS,
ALL IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE
PURPOSES STATED HEREIN.
2. OMNI CRA RESOLUTION
6722 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE ISSUANCE OF A GRANT FROM 2019-2020 OMNI TAX
INCREMENT BUDGET LINE ITEM 26 PAGE 5 IN AN AMOUNT NOT TO
EXCEED $375,000.00 TO THE DOWNTOWN DEVELOPMENT AUTHORITY
OF THE CITY OF MIAMI, FLORIDA TO EXPAND THE DOWNTOWN
ENHANCEMENT TEAM INTO THE OMNI REDEVELOPMENT AREA FOR AN
ADDITIONAL PERIOD OF ONE (1) YEAR ("PROGRAM"); AUTHORIZING
THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND
ALL DOCUMENTS NECESSARY TO EFFECTUATE THE PROGRAM, ALL IN
A FORM ACCEPTABLE TO THE GENERAL COUNSEL.
3. OMNI CRA RESOLUTION
6715 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("OMNI CRA") AUTHORIZING THE ISSUANCE OF A GRANT IN AN
AMOUNT NOT TO EXCEED NINE HUNDRED SEVENTY FIVE THOUSAND
DOLLARS ($975,000.00) TO THE CITY OF MIAMI ("CITY") FOR COSTS
ASSOCIATED WITH THE CAPITAL IMPROVEMENT OF THE TRAFFIC
CIRCLE AT NORTH BAYSHORE DRIVE ("PROJECT") LOCATED WITHIN
THE BOUNDARIES OF THE OMNI REDEVELOPMENT AREA WITH ALL
WORK TO BE PERFORMED THROUGH THE CITY'S OFFICE OF CAPITAL
IMPROVEMENTS; AUTHORIZING THE EXECUTIVE DIRECTOR TO
APPOINT A REPRESENTATIVE FROM THE OMNI CRA TO BE ADVISED
ON ALL PLANS AND PROPOSALS FOR THE PROJECT; AUTHORIZING
THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS ON A
REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, AT THE
EXECUTIVE DIRECTOR'S SOLE DISCRETION, UPON THE
PRESENTATION OF SATISFACTORY INVOICES AND DOCUMENTATION;
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL
DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN A FORM
ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM
2019-2020 OMNI BUDGET LINE ITEM 31.
OMNI Community Redevelopment Agency Page 2 Printed on 10/25/2019
OMNI Community Redevelopment Agency
Meeting Agenda October 30, 2019
4. OMNI CRA RESOLUTION
6716 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE ISSUANCE OF A GRANT IN AN AMOUNT NOT
TO EXCEED SIX HUNDRED NINETY THREE THOUSAND DOLLARS
($693,000.00) TO THE CITY OF MIAMI FOR COSTS ASSOCIATED WITH
THE CAPITAL IMPROVEMENT OF NE 4TH AVE CRESCENT PARK
("PROJECT"), LOCATED WITHIN THE REDEVELOPMENT AREA, WITH ALL
WORK TO BE PERFORMED THROUGH THE CITY OF MIAMI'S OFFICE OF
CAPITAL IMPROVEMENTS; AUTHORIZING THE EXECUTIVE DIRECTOR
TO APPOINT A REPRESENTATIVE FROM THE CRA TO BE ADVISED ON
ALL PLANS AND PROPOSALS FOR THE PROJECT; AUTHORIZING THE
EXECUTIVE DIRECTOR TO DISBURSE FUNDS ON A REIMBURSEMENT
BASIS OR DIRECTLY TO VENDORS, SOLELY WITHIN THE EXECUTIVE
DIRECTOR'S DISCRETION, UPON THE PRESENTATION OF
SATISFACTORY INVOICES AND DOCUMENTATION; AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS
NECESSARY FOR SAID PURPOSE, ALL IN A FORM ACCEPTABLE TO
GENERAL COUNSEL; ALLOCATING FUNDS FROM 2019-2020 OMNI CRA
BUDGET PAGE 5, LINE 31 ($25K), PAGE 5, LINE 27 ($356,937), AND THE
REMAINDER FROM PAGE 4, LINE 13 ($311,063).
5. OMNI CRA RESOLUTION
6723 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 FINDING THAT
COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT
PRACTICABLE OR ADVANTAGEOUS PURSUANT TO SECTION 18-85(A)
OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS
ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR SAID
PROCEDURES; AUTHORIZING THE ALLOCATION OF GRANT FUNDS
FROM OMNI CRA TIF REVENUE 2019-2020 BUDGET RESERVE IN AN
AMOUNT NOT TO EXCEED $100,000.00 TO THE SUNDARI FOUNDATION
INC., D/B/A LOTUS HOUSE ("LOTUS HOUSE") TO UNDERWRITE A
PORTION OF COSTS ASSOCIATED WITH THE "LOTUS HOUSE
PROGRAM" ("PROGRAM"); AUTHORIZING THE EXECUTIVE DIRECTOR
TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY
TO EFFECTUATE THE PROGRAM, ALL IN A FORM ACCEPTABLE TO THE
GENERAL COUNSEL.
OMNI Community Redevelopment Agency Page 3 Printed on 10/25/2019
OMNI Community Redevelopment Agency
Meeting Agenda October 30, 2019
6. OMNI CRA RESOLUTION
6717 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
$6,500,000.00 FOR A MIXED -USE PROJECT DEVELOPMENT OF
PROPERTIES LOCATED AT 70 NE 17TH STREET, 90 NE 17TH STREET,
AND 1642 NE 1ST AVENUE, MIAMI, FLORIDA, ALL LOCATED IN THE
REDEVELOPMENT AREA, TO NR INVESTMENTS 11, LLC, SUBJECT TO
THE CRA BEING ABLE TO SUCCESSFULLY SECURE FUNDING FROM A
FINANCIAL INSTITUTION AND SUBJECT TO THE AVAILABILITY OF
FUNDS; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ANY AND ALL DOCUMENTS, ALL IN A FORM ACCEPTABLE TO
THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN.
7. OMNI CRA RESOLUTION
6720 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE CRA TO REBATE TO NR INVESTMENTS 11,
LLC ("GRANTEE") THE TAX INCREMENT FINANCE ("TIF") REVENUES
GENERATED ONLY FROM THE DEVELOPMENT BY THE GRANTEE OF
THE 17TH STREET APARTMENT PROJECT ("PROJECT") IN AN AMOUNT
NOT TO EXCEED 95% OF THE TIF COLLECTED FROM THE PROJECT
ANNUALLY OR $420,000.00 ANNUALLY, WHICHEVER IS LESS, PER YEAR
UNTIL 2030, OR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO
2047, FOR A TOTAL AMOUNT NOT TO EXCEED $8,471,238.00, PAYMENT
TO BEGIN UPON SUBSTANTIAL COMPLETION AND THE PROJECT
RECEIVING A CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS
BEING RESTRICTED UNTIL 2038, OR UNTIL 2047 IF THE LIFE OF THE
CRA IS EXTENDED TO 2047; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO FURTHER NEGOTIATE AND EXECUTE ANY AND ALL
DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN A FORM
ACCEPTABLE TO GENERAL COUNSEL.
OMNI Community Redevelopment Agency Page 4 Printed on 10/25/2019
OMNI Community Redevelopment Agency
Meeting Agenda October 30, 2019
8.
6724
OMNI CRA RESOLUTION
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; ALLOCATING
GRANT FUNDS IN THE NOT TO EXCEED TOTAL AMOUNT OF $696,000.00
FOR THE REHABILITATION OF THE PROPERTY LOCATED AT 1815 NW
1ST COURT, LOCATED IN THE CRA REDEVELOPMENT AREA TO CASA
MIA APARTMENTS LLC, SUBJECT TO THE AVAILABILITY OF FUNDS;
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ANY AND ALL DOCUMENTS NECESSARY, ALL IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL.
9. OMNI CRA RESOLUTION
6726 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE RELEASE OF THE DECLARATION OF
RESTRICTIVE COVENANTS RUNNING WITH THE LAND REGARDING THE
MIAMI WOMEN'S CLUB LOCATED AT 1737 NORTH BAYSHORE DRIVE,
MIAMI, FLORIDA, EXECUTED IN FAVOR OF THE CRA, AND RECORDED
AT BOOK 27102 AND PAGE 4686, ATTACHED AND INCORPORATED AS
EXHIBIT "A"; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES
STATED HEREIN.
ADJOURNMENT
OMNI Community Redevelopment Agency Page 5 Printed on 10/25/2019