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CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-20-0001
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 6717 Final Action Date:4/9/2020
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), BY A FOUR -FIFTHS (4/STHS) 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 AN AMOUNT
NOT TO EXCEED $5,500,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT
OF PROPERTIES LOCATED AT 70 NE 17TH STREET, 90 NE 17TH STREET,
AND 1642 NE 1ST AVENUE, MIAMI, FLORIDA, ALL LOCATED IN THE CRA'S
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 AGREEMENTS NECESSARY, ALL IN A FORM ACCEPTABLE TO
THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its boundaries; and
WHEREAS, on September 13, 2016, the CRA approved and adopted Resolution No.
CRA-R-16-0042 adopting the City of Miami's procurement code as the process in which any
and all services and goods are procured by the CRA; and
WHEREAS, NR Investments 11, LLC, a Florida for profit entity ("Grantee"), submitted a
request for grant funding to develop a mixed -use project consisting of ground floor retail, office
space, and approximately 252 affordable housing units at 70 NE 17th Street , 90 NE 17th
Street, and 1642 NE 1st Avenue, Miami, Florida within the CRA's boundaries ("Project"); and
WHEREAS, page 41, section D-2 of the CRA's 2010 Redevelopment Plan ("Plan") lists
the objective of the CRA "to create a variety of housing"; and
WHEREAS, the Plan also lists one of the overall visions of the CRA is "to create a
variety of housing"; and
WHEREAS, page 42, sections A-1 and A-3 of the Plan also lists as an objective of the
CRA to "Provide incentives for redevelopment of blighted properties"; and
City of Miami Page 1 of 2 File ID: 6717 (Revision: A) Printed On: 9/4/2025
File ID: 6717 Enactment Number: CRA-R-20-0001
WHEREAS, the Project is one of the first opportunity zone projects identified within the
boundaries of the CRA, providing for a unique collaboration to meet the needs of the CRA's
residents and fulfilling the Plan; and
WHEREAS, the Grantee requests grant funding for the Project in an amount not to
exceed $5,500,000.00; and
WHEREAS, the success of the Project will result in accomplishing the stated objectives
of the Plan; and
WHEREAS, based on the recommendation and findings of the Executive Director, it is in
the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of
competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the
City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, the allocation of grant
funds for the Project in an amount not to exceed $5,500,000.00;
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 the Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing,
the Executive Director's recommendation and written finding, pursuant to Sections 18-85 and
18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the
requirements for competitive sealed bidding methods as not being practicable or advantageous
to the CRA are waived.
Section 3. Funds in an amount not to exceed $5,500,000.00 for the Project, subject to
the CRA being able to secure funding from a financial institution to underwrite the costs as
requested and subject to the availability of funds, is approved and authorized to be allocated to
the Grantee.
Section 4. The Executive Director is authorized to negotiate and execute any and all
necessary documents, all in a form acceptable to the General Counsel, for the purposes stated
herein.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 10/24/2019 Barnaby I_. Min, Deputy City Attorney 4/4/2020
City of Miami Page 2 of 2 File ID: 6717 (Revision: A) Printed on: 9/4/2025