Loading...
HomeMy WebLinkAboutOMNI CRA 2020-09-24 Agenda PacketCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Omni C R A Meeting Agenda Thursday, September 24, 2020 9:00 AM (OR THEREAFTER) Virtual Regular Meeting City Hall 3500 Pan American Drive Miami, FL 33133 OMNI Community Redevelopment Agency Alex Diaz de la Portilla, Chair, District One Joe Carollo, Vice Chair, District Three Ken Russell, Board Member, District Two Manolo Reyes, Board Member, District Four Keon Hardemon, Board Member, District Five OMNI 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 September 24, 2020 CALL TO ORDER OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 7928 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ACCEPTING THE PROPOSAL RECEIVED ON SEPTEMBER 11, 2019 PURSUANT TO REQUEST FOR PROPOSALS NO. 992381 FOR THE DEVELOPMENT OF PLAT BOOK "B" PAGE 107 WITH ADDRESSES OF 2035, 2037, AND 2043 NORTH MIAMI AVENUE, MIAMI, FLORIDA AND APPROVAL OF A PROJECT GRANT IN THE AMOUNT OF NINE MILLION NINE HUNDRED THOUSAND DOLLARS ($9,900,000.00) WITH MAGELLAN HOUSING, LLC ("DEVELOPER"), DERIVED FROM SERIES 2018 B LOAN AND THE CRA'S FISCAL YEAR 2020-2021 MANDATORY AFFORDABLE HOUSING BUDGET SUBJECT TO A REVERTER; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE THE DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, INCLUDING ANY AMENDMENTS, RENEWALS, AND EXTENSIONS, SUBJECT TO ALLOCATIONS, APPROPRIATIONS, BUDGETARY APPROVALS, IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, AND IN COMPLIANCE WITH ALL APPLICABLE REGULATIONS, AS MAY BE NECESSARY FOR SAID PURPOSE. 2. OMNI CRA RESOLUTION 7929 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE CRA TO REBATE TO WYNWOOD HAUS, LLC ("GRANTEE") THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED BY THE DEVELOPMENT OF THE GRANTEE'S PROJECT IN AN AMOUNT NOT TO EXCEED 95% OF THE TIF COLLECTED FROM THE PROPERTY ANNUALLY UNTIL 2030, OR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED $12,935,674.61; AUTHORIZING THE TIF PAYMENTS TO BEGIN UPON SUBSTANTIAL COMPLETION OF THE PROJECT AND THE RECEIPT OF A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047; FURTHER AUTHORIZING THE CRA TO COLLECT THREE PERCENT (3%) OF RETAIL GROSS RENT PROCEEDS THAT THE GRANTEE COLLECTS FROM THE PROPERTY'S GROUND FLOOR RETAIL DURING THE INITIAL 15 YEAR PERIOD AFTER SUBSTANTIAL COMPLETION OF THE DEVELOPMENT; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO FURTHER NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN FORMS ACCEPTABLE TO GENERAL COUNSEL, FOR A MIXED -USE DEVELOPMENT OF PROPERTIES LOCATED AT 01-3136-003-0140, 01- 3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, AND 01-3136-003-0190, ALL LOCATED IN THE CRA REDEVELOPMENT AREA. OMNI Community Redevelopment Agency Page 2 Printed on 9/22/2020 OMNI Community Redevelopment Agency Meeting Agenda September 24, 2020 3. OMNI CRA RESOLUTION 7930 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, ATTACHED AND INCORPORATED, THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA 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 FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET LINE ITEM 24, TITLED "OTHER GRANTS AND AIDS," IN AN AMOUNT NOT TO EXCEED ONE MILLION ONE HUNDRED THOUSAND DOLLARS ($1,100,000.00) FOR A MIXED -USE DEVELOPMENT PROJECT CONSISTING OF PROPERTIES LOCATED AT FOLIO NOS. 01-3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01- 3136-003-0170, 01-3136-003-0180, AND 01-3136-003-0190, ALL LOCATED IN THE CRA REDEVELOPMENT AREA, TO WYNWOOD HAUS LLC; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL AGREEMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; ALL BEING SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047 AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE COVENANT THAT IS TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. 4. OMNI CRA RESOLUTION 7931 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, ATTACHED AND INCORPORATED, THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA 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 FUNDING FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET IN THE AMOUNT OF $336,952.00 FROM LINE ITEM 11 AND $163,048.00 FROM LINE ITEM 24; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $500,000.00 FOR REHABILITATION OF THE PROPERTY LOCATED AT 1815 NW 1ST COURT IN THE CRA REDEVELOPMENT AREA, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL AND SUBJECT TO THE AVAILABILITY OF FUNDS. OMNI Community Redevelopment Agency Page 3 Printed on 9/22/2020 OMNI Community Redevelopment Agency Meeting Agenda September 24, 2020 5. OMNI CRA RESOLUTION 7932 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING A CORONAVIRUS DISEASE 2019 ("COVID-19") EMERGENCY RELIEF MICROGRANT PROGRAM ("PROGRAM") TO PROVIDE RELIEF FROM ECONOMIC DISTRESS FOR SMALL BUSINESSES IN THE OMNI REDEVELOPMENT AREA AFFECTED BY THE COVID-19 PANDEMIC ("PANDEMIC"); ALLOCATING ONE MILLION DOLLARS ($1,000,000.00) FROM PAGE 5, LINE ITEM 24 OF THE 2020-2021 OMNI CRA BUDGET FOR THE PROGRAM; ALLOWING AND AUTHORIZING THE DISBURSEMENT OF FUNDS SUBJECT TO THE EXECUTIVE DIRECTOR'S DISCRETION TO ELIGIBLE BUSINESSES IN AN AMOUNT NOT TO EXCEED TWENTY FIVE THOUSAND DOLLARS ($25,000.00) PER BUSINESS TO MITIGATE COSTS ASSOCIATED WITH THE PANDEMIC UPON THE PROVISION OF SATISFACTORY DOCUMENTATION FOR THE PURPOSES AS STATED HEREIN. ADJOURNMENT OMNI Community Redevelopment Agency Page 4 Printed on 9/22/2020 OMNI Board of Commissioners Meeting September 24, 2020 1.1 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Alex Diaz de la Portilla Date: September 22, 2020 7928 and Members of the CRA Board Jason Walker Executive Director Subject: 2043 North Miami Avenue Affordable Housing RFP 992381 Award Enclosures 7928 Memo - Award Recommendation 7928 Bid Response 7928 Wynwood Works Budget BACKGROUND: It is recommended that the Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached resolution, with attachment(s), approving the Request for Proposal (RFP) 992381, Award for the of development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue and project grant in the not to exceed amount of Nine Million Nine Hundred Thousand Dollars ($9,900,000.00). This item is to authorize a resolution of the Board, accepting the proposal received on September 11, 2019 and authorizing the Executive Director to enter into a Development Agreement along with all other documents in a form acceptable to the General Counsel as necessary to foster the development of the property, pursuant to RFP 992381 with Magellan Housing LLC. JUSTIFICATION: On July 5th, 2019 the City of Miami's Department of Procurement ("Procurement") issued (RFP) 992381 on behalf of the CRA under full and open competition, for the of Development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue. Proposers were required to meet all of the minimum qualification requirements established in the RFP in order to be deemed responsive. The Evaluation Committee ("Committee") appointed by the Executive Director met on October 26th, 2019 and evaluated three (3) of the responsive and responsible proposals following the stipulated guidelines in the solicitation. Pursuant to the RFP requirements, the Committee recommended that Procurement negotiate and execute a Development Agreement with Magellan Housing LLC, the highest ranked Proposer. The CRA recommends an award and subsequent execution of a Development Agreement Packet Pg. 5 with Magellan Housing LLC. This resolution fulfills this requirement. 1.1 FUNDING: $9,900,000.00 allocated from Omni CRA's 2020-2021 FY Budget, Series 2018 B Loan line item 14 and CRA's 10% Omni Affordable Housing Requirement line item 11. City of Miami Page 2 of 4 File ID: 7928 (Revision:) Printed On: 9/22/2020 Packet Pg. 6 1.1 1 \► Omni CRA City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7928 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ACCEPTING THE PROPOSAL RECEIVED ON SEPTEMBER 11, 2019 PURSUANT TO REQUEST FOR PROPOSALS NO. 992381 FOR THE DEVELOPMENT OF PLAT BOOK "B" PAGE 107 WITH ADDRESSES OF 2035, 2037, AND 2043 NORTH MIAMI AVENUE, MIAMI, FLORIDA AND APPROVAL OF A PROJECT GRANT IN THE AMOUNT OF NINE MILLION NINE HUNDRED THOUSAND DOLLARS ($9,900,000.00) WITH MAGELLAN HOUSING, LLC ("DEVELOPER"), DERIVED FROM SERIES 2018 B LOAN AND THE CRA'S FISCAL YEAR 2020-2021 MANDATORY AFFORDABLE HOUSING BUDGET SUBJECT TO A REVERTER; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE THE DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, INCLUDING ANY AMENDMENTS, RENEWALS, AND EXTENSIONS, SUBJECT TO ALLOCATIONS, APPROPRIATIONS, BUDGETARY APPROVALS, IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, AND IN COMPLIANCE WITH ALL APPLICABLE REGULATIONS, AS MAY BE NECESSARY FOR SAID PURPOSE. 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 the 2010 Omni CRA Redevelopment Plan ("Plan"); and WHEREAS, page 41, Section C-2 of the Plan lists the objective of the CRA to "Provide incentives for the development of a variety of housing choices, including affordable, special needs and a workforce housing" as stated redevelopment objectives; and WHEREAS, the Plan on page 41, section D-2 also lists the objective of the CRA is to make "Improvements to the Public Realm" by "[enhancing] the areas' visual attractiveness to businesses and residents"; and WHEREAS, Section 4.4, D., C-4, at page 42 of the Plan list the elimination of conditions which contribute to blight and the provision of upward job mobility for residents as stated redevelopment objectives; and WHEREAS, on July 5, 2019 the City of Miami's Department of Procurement ("Procurement"), on behalf of the CRA, issued Request for Proposals ("RFP") No. 992381 for the development of Plat Book "B" Page 107 with addresses of 2035, 2037, and2043 North Miami Avenue, Miami, Florida ("Properties"); and WHEREAS, Magellan Housing, LLC ("Developer") submitted a response to the RFP which was deemed to be the most responsive and responsible submittal by the Executive Director; and City of Miami Page 3 of 4 File ID: 7928 (Revision:) Printed On: 9/22/2020 Packet Pg. 7 1.1 WHEREAS, the Executive Director is requesting authority from the Board of Commissioners of the CRA to award and further negotiate the development agreement and all other documents, extensions, and/or renewals, all in a form acceptable to the General Counsel, with the Developer; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The proposal received on September 11 2019 pursuant to RFP No. 992381 for the development of the Properties and the project grant request in the amount of Nine Million Nine Hundred Thousand Dollars ($9,900,000.00) to the Developer is accepted and authorized. Section 3. Funding is allocated from the CRA's Fiscal Year 2020-2021 Series 2018 B loan line item 11 and 10% Required Affordable Housing Budget line item 14. Section 4. The Executive Director is authorized to negotiate and execute any and all documents necessary, including any amendments, renewals, and extensions, subject to all allocations, appropriations, budgetary approvals, in forms acceptable to the General Counsel, and in compliance with applicable regulations, as may be necessary for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 7928 (Revision:) Printed On: 9/22/2020 Packet Pg. 8 1.1.a CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM Jason Walker DATE September 18, 2020 FILE: Executive Director, OMNI CRA SUBJECL . Recommendation of Award — Request for Proposals ("RFP") 992381 — Development of Plat Book "B", Page 107 2035- 2037-2043 North Miami Avenue j / 2 4. Ca.P,d,�,e / 4. Annie Perez, CPPO REFcRtm., :, Request for Proposals Director, Procurement No. 992381 ENCLOSURES Evaluation Committee Report, Score Sheets Recommendation: Based on the findings below, the Department of Procurement ("Procurement") hereby recommends approval for the award of a development agreement pursuant to RFP No. 992381 Development of Plat Book "B", Page 107 2035-2037-2043 North Miami Avenue to the highest ranked responsive and responsible Proposer, Magellan Housing, LLC ("Magellan"). Background: On July 5, 2019, Procurement issued RFP No. 992381, under full and open competition, on behalf of the Omni Community Redevelopment Agency ("CRA"), to obtain proposals from experienced and qualified firms for the development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue ("Project"). On September 11, 2019, three (3) Proposals were received in response to the RFP. Subsequently, the proposals were reviewed by Procurement for responsiveness and all three (3) Proposals were deemed responsive. The Evaluation Committee ("Committee") met on October 26, 2019 to evaluate and score the proposals, following the guidelines and criteria published in the RFP. The Committee decided not to hold oral presentations, as the Proposals did not require further clarification. Following evaluations, the Committee recommended that the CRA enter into negotiations with Magellan. Accordingly, the Negotiating Team met with Magellan on December 18, 2019 to begin negotiations on the development of the Project to include approximately 6,711 square feet of ground floor commercial space and approximately 104 mixed -income residential apartment units ("Apartments"). Rents for Apartments will be restricted for a fifty (50) year term as set forth in the final Development Agreement and Restrictive Covenant. Fiscal Impact: The Project anticipates a total value of approximately $39.9 million. The CRA's contribution is estimated at approximately $15.5 million, consisting of a land contribution valued at $6.5 million and a cash grant Packet Pg. 9 1.1.a of approximately $9 million, subject to CRA Board approval. Financial considerations will be finalized upon successful negotiation and execution of a funding agreement. Procurement hereby recommends the award of a Development Agreement to Magellan, with final terms and financial considerations subject to future CRA approval. Your signature below will indicate approval of this recommendation. Approved: Date: Jason alker, Exe ' 'rector c. Anthony Balzebre, Assistant Director, CRA Isiaa Jones, Legal Counsel, CRA Pablo Velez, Senior Assistant City Attorney Yadissa A. Calderon, CPPB, Assistant Director, Department of Procurement Packet Pg. 10 1.1.a TO: Jason Walker Executive Director, Omni CRA FROM: Annie Perez Director, Procurement Recommendation: CITY OF MIAMI, FLORIDA INTEROFFICE MEMORANDUM DATE : November 7, 2019 FILE : SUBJECT : Report of the Evaluation Committee for RFP 992381—the Development of Plat Book "B", Page 107 2035-2037- 2043 N. Miami Ave. REFERENCES: ENCLOSURES: Evaluation Committee Appointment Memo; Evaluation Score Sheets Based on the findings below, the Department of Procurement ("Procurement") hereby requests approval to negotiate a contract with the highest ranked, responsive and responsible Proposer, Magellan Housing, LLC ("Magellan"), pursuant to Request for Proposals ("RFP") No. 992381, to develop Plat Book "B", Page 107 2035-5037-2043 North Miami Avenue, Section 4.1, Evaluation/Selection Process. Background: On July 5, 2019, Procurement issued RFP No. 992381, under full and open competition, on behalf of the Omni Community Redevelopment Agency ("CRA"), to obtain proposals from experienced and qualified firms for the development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue. On September 11, 2019, three (3) Proposals were received in response to the RFP. All three (3) Proposals were deemed responsive. The Evaluation Committee ("Committee") met on October 26, 2019 to evaluate and score the proposals, following the guidelines and criteria published in the RFP. The Committee decided not to hold oral presentations, as the Proposals did not require further clarification. The evaluation criteria were given respective weights fora maximum of one hundred (100) points per Committee member. The final scores are listed below in order of ranking: Proposer Technical Score (max. 350) Financing Plan Score (max. 150) 1 i Magellan Housing, LLC 2 New Urban Development, LLC 3 C & D Journey, Inc. 316 259 238 128 110 Total Combined Score (max. 500) 444 369 80 318 Due diligence was conducted to determine responsibility, including but not limited to verifying corporate status and references. There were no performance or compliance issues, and no adverse findings related to the responsibility of Magellan. Packet Pg. 11 1.1.a Negotiations: The Committee recommends that the CRA enter into negotiations with Magellan, the highest ranked responsive and responsible Proposer. In the event the CRA and Magellan are unable to reach an agreement, negotiations with Magellan will be terminated and the CRA will begin negotiations with the second highest ranked responsive and responsible Proposer, New Urban Development, LLC. Should negotiations between the first and second ranked Proposers fail, the Committee recommends that the CRA reject all Proposals and resolicit. The following individuals will participate in the negotiations: Charles Johnson, 111, Sr. Procurement Contracting Manager, Procurement J. Justin Griffin, Sr. Procurement Contracting Officer, Procurement Jason Walker, Executive Director, CRA Anthony Balzebre, Assistant Director, CRA Adam Old, Director of Planning and Policy, CRA Isiaa Jones, Legal Counsel, CRA Ana Castilla, Vice President, TD Bank Manny Gonzalez, Executive Director; Wynwood BID Andrew Schimmel, Sr. Project Representative, Department of Real Estate and Asset Management City of Miami Finance Department or Budget Department Representative Consensus Statement: The Committee recommends Magellan for the following primary reasons: 1) Magellan and its team have the necessary qualifications, relevant experience, and technical capacity needed to provide the services required in the RFP, at the level required by the CRA; 2) Magellan's Proposal offers significant public benefits including, but not limited to a homelessness transition program and the development of affordable and workforce housing; 3) Magellan's proposed development concept and analysis displayed a thorough understanding of the community surrounding the site to be developed; and 4) Magellan's proposed financing plan was found to be feasible in relation to the proposed development concept. The Committee felt that Magellan submitted the strongest overall Proposal. The Development Plan and Financing Plan will be negotiated in the best interest of the CRA. Copies of the score sheets for each committee member are attached, as well as the composite score sheets. Approved: Jason Iker, Executive Director c. Anthony Balzebre, Assistant Director, CRA Isiaa Jones, Legal Counsel, CRA Rafael Suarez -Rivas, Chief Assistant City Attorney Yadissa A. Calderon, CPPB, Assistant Director, Department of Procurement Page 2 of 2 o.m:nlal�� Packet Pg. 12 1.1.a CITY OF MIAMI, FLORIDA INTEROFFICE MEMORANDUM TO: Jason Walker Executive Director, Omni CRA FROM: Annie Perez, CPPO, Director 44) Procurement Department DATE: September 17, 2019 SUBJECT: Evaluation Committee for RFP 992381, Develop Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue REFERENCES: The Procurement Department ("Procurement"), on behalf of the Omni Redevelopment District Community Redevelopment Agency (°Omni CRA") issued Request for Proposals ("RFP°) No. 992381 on July 5, 2019, for the development of Plat Book °B" Page 107, 2035-2037-2043 North Miami Avenue. It is respectfully requested that you approve the following individuals as members of the Evaluation Committee (°Committee°) to evaluate and score the proposals. Each of the members of the Committee has the requisite knowledge and experience to evaluate the proposals pursuant to the RFP. Chairperson, City of Miami (Non VotInoI Charles Johnson, III, Senior Procurement Contracting Manager, Procurement Voting Committee Members 1) Cornelius Shiver, Executive Director, Southeast Overtown Park West CRA 2) Adam Old, Director of Planning and Policy, Omni CRA 3) Eli Feinberg, President, E.M.F. & Associates 4) Ana Castilla, Vice President/Community Development Manager, TD Bank, N.A. 5) Manny Gonzalez, Executive Director, Wynwood Business Improvement District Alternate Committee Member Anthony Balzebre, Assistant Director, Omni CRA APPROVED: (J ` � ') ! ii J .% Jason a er, Executive Director Date AP:cJ c: Sandra Bridgman, CPA, Assistant City Manager and Chief Financial Officer Rafael Suarez -Rivas, Senior City Attorney, Office of City Attorney isiaa Jones, Chief Legal Officer, Omni CRA Yadissa A. Calderon, CPPB, Assistant Director of Procurement City Clerk Packet Pg. 13 P1 '6d 10 13ed SELECTION PROPOSERS CRITERIA COMPOSITE SCORES RFP 992381 Development of Plat Book "B" Page 107 2035-2037-2041 North Miami Avenue EVALUATION OF PROPOSALS Maximum Maximum Total Points Per Points Member (5 members) Qualifications & Experience Public Benefits 20 100 10 50 New Urban Development, LLC 81 35 Journey C&D Group, Magellan Housing, Inc. LLC 67 97 31 43 Proposed Development Plan Concept and Analysis Financing Plan Refemences 30 30 10 150 150 50 110 110 110 80 141 128 33 30 35 TOTAL POINTS 100 500 369 KING SIGNATURE: Chairperson Reviewed By 2 318 444 3 1 PRINT NAME: / J fi�1/� el CIO Mel J 4JfN Gaff/A, 1013112019 iv Attachment: 7928 Memo - Award Recommendation (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 1.1.a EVALUATION OF PROPOSALS RFP 992381 DEVELOPMENT OF PLAT BOOK "B" PAGE 107 2035-2037-2043 NORTH MIAMI AVENUE Cornelius Shiver (SEOPW CRA) SELECTION PROPOSERS CRITERIA Qualifications & Experience Public Benefits Maximum Pointe New Urban Journey C&D Magellan Development, Group, Inc. Housing, LLC LLC 20 0.0 Proposed Development Plan Concept and Analysis Financing Plan References 10 9 5 z0 tO 30 30 5 30 3D LS aU 10 t0 lb TOTAL POINTS 100 qq 10/23/2010 Packet Pg. 15 1.1.a EVALUATION OF PROPOSALS RFP 992381 DEVELOPMENT OF PLAT BOOK "B" PAGE 107 2035-2037-A043 NORTH M!AM1 AVENUE SELECTION PROPOSERS CRITERIA Qualifications & Experience Public Benefits Adam Old (Omni CRA)4 Maximum Points New Urban Journey C&D Development, Group, Inc. LLC 20 15 10 5 Magellan Housing, LLC 26 Proposed Development Plan Concept and Analysis ' Financing Plan References 30 30 10 15 22 3�0 to 25 5 107/2016 Packet Pg. 16 1.1.a EVALUATION OF PROPOSALS RFP 992381 DEVELOPMENT OF PLAT BOOK "B" PAGE 107 2035-2037-2043 NORTH MIAMI AVENUE !SELECTION PROPOSERS CRITERIA 1 Qualifications & Experience Public Benefits Eli Feinberg (E.M.F. & Associates) Maximum Points New Urban Development, Journey C&D LLC Group, Inc. 20 10 Proposed Development Plan Concept and Analysis Financing Plan References TOTAL POINTS 30 30 10 100 a ah 1 Magellan Housing, LLC io aat to 3Coci 31s LIN 10//r2019 Packet Pg. 17 1.1.a EVALUATION OF PROPOSALS RFP 992381 DEVELOPMENT OF PLAT BOOK "B" PAGE 107 2035-2037-2043 NORTH MIAMI AVENUE Ana Castilla (TD Bank) 'SELECTION PROPOSERS CRITERIA Qualifications & Experience Public Benefits Maximum Paints New Urban Development, LLC Proposed Development Plan Concept and Analysis Financing Plan References H 10 30 Journey C&D Group, Inc. Magellan Housing, LLC lq 2 o. o �a. ae TOTAL POINTS 10 100 o bR 10123f2019 Packet Pg. 18 1.1.a EVALUATION OF PROPOSALS RFP 992381 DEVELOPMENT OF PLAT BOOK "B" PAGE 107 2035-2037-2043 NORTH MIAMI AVENUE [SELECTION PROPOSERS CRITERIA Qualifications & Experience Public Benefits Manny Gonzalez (Wynwood BID) -1 Maximum Paints 20 New Urban Journey C&D Magellan Development, Group, Inc. Housing, LLC LLC l0 14 10 Proposed Development Plan Concept and Analysis Financing Plan References 30 15 Z0 ZS 30 'Z.O Z.O 10 0 0 TOTAL POINTS 100 so 59 t'A foo tok-ztx\ez 10/23/2019 Packet Pg. 19 1.1.b CITY OF MIAMI RFP Number: 992381 Request for Proposals for the Development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue, Miami, Florida A Mixed -Income Mixed -Use Attainable Housing Community City of Miami, Florida Submitted to: Charles Johnson City of Miami — City Clerk 3500 Pan American Drive Miami, FL 33133 Proposer: Magellan Housing, LLC 2100 Coral Way, Suite 405 Miami, Florida 33145 305-528-0166 Contact: Nick A. lnamdar September 11t", 2019 1 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 20 1.1.b NVYNNV*') OD s. w s TABLE OF CONTENTS Cover Page Page 1 Table of Contents Page 2 1. Executive Summary Page 3 - 5 2. Historical Context and Future Vision Page 6 - 11 3. Qualifications and Experience Page 12 - 25 4. Organizational Chart and Directory Page 26 - 30 5. Project Team Members Page 31- 38 6. Development Concept Page 39 - 54 7. Development Analysis Page 55 - 97 8. Public Benefits Page 98 - 105 9. Project Schedule Page 106 - 107 10. Property Management Plan Page 108 - 114 11. Financing Plan Page 115 - 131 12. Certifications Page 132 - 145 13. References Page 146 - 147 2 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 21 1.1.b Tab 1 3 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 22 1.1.b WTYNW'OD wibaks EXECUTIVE SUMMARY Wynwood Works will be a signature 12-story green -certified mixed -income and mixed -use development located at 2035 North Miami Avenue, City of Miami, Florida. It will be a truly unique, mixed income community, serving residents transitioning out of homelessness to 140% AMI. An exciting and dramatic example of the success that can be achieved when the public and private sectors work together to tackle our communities affordable and workforce housing crisis. The construction of significant deep targeted mixed -income housing on this site that will seamlessly fit into the neighborhood and will exceed the standards of the City of Miami's Attainable Mixed Income Housing ordinance, will demonstrate the City of Miami's unwavering commitment to ensure quality affordable housing for working residents in all its neighborhoods. Wynwood Works Site Location Highlighted in Red 2035 North Miami Avenue, City of Miami The subject property is nearly 'A an acre and is located on three odd shaped lots in the southeast corner of Wynwood along the FEC railroad tracks. This is the opportunity to ensure that Wynwood remains accessible to future generations of working men and woman that have always called this neighborhood home. This opportunity is particularly important and acute now because it may be the only chance to develop a large scale deep targeted affordable and workforce housing development in Wynwood, a neighborhood experiencing ever increasing land costs and on the cusp of a major transformation as numerous developments are in the pipeline. 4 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 23 1.1.b By meeting the standards of the City of Miami's Attainable Housing Ordinance, Wynwood Works will maximize density and height to create a signature development that its residents will be proud to call home. Wynwood Works will be a shining example of a public and private partnership coming together to create a beautiful, safe, and well thought out housing community. The City of Miami's growth over the last 15 years has been remarkable as there are seemingly new additions to its skyline every week in the foini of new hotels, condos and office buildings. As the City continues its rapid assension from the cultural, economic, and financial center of South Florida to becoming 'The Gateway to The Americas' it also continues to get more expensive for our workforce to find safe, decent, and affordable housing. The next phase in continuing to improve the quality of housing stock in the City of Miami starts with Wynwood Works. A community that will inspire the residents of the area to take part in the monumental growth the City of Miami is and will continue to experience by having the City as their view, their backyard and their primary amenity. It represents the critical next phase in establishing a long-term signature mixed -income development in this vital urban hub and proud City neighborhood. It will address numerous community needs, including quality affordable housing and workforce housing, retail space, co -workspace, designated artist lofts, economic development, job creation, and educational opportunities. Upon completion, Wynwood Works will include a residential community, apartment homes, and facilities including several amenities and open space. 5 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 24 1.1.b Tab 2 6 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 25 1.1.b WTYNW''OD WoS r Wynwood, June 2012 Wynwood, a City of Miami neighborhood, has recently transformed into a global center for art, culture, retailers, cuisine, bars, and breweries. Recently named one of the hippest neighborhoods in America by TripAdvisor, Wynwood is undergoing a renaissance. Development projects currently under construction will add significant office and higher end multifamily apartments to the neighborhood. As developers transform the landscape and as modern-day gentrification grips the neighborhood it's important to pause and take a look back at its history. Wynwood Works will be part of the fabric of Wynwood into its future, it's important that it reflect the ethos of the neighborhood and celebrates its past. WYNdWOOD IS BORN The City of Miami annexed the area back in 1913. Originally farmland and part of the Pulaski Estate, the area was bought by a couple of early Miami settlers, Josiah Chaille and Hugh Anderson in 1917. 7 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 26 1.1.b Josiah Chaille is probably best known for the Chaille Plan. The plan adopted by the City in 1920 created many of the street names and numbers in downtown Miami and the surrounding areas that exist today. Hugh Anderson was a self-made millionaire that made his fortune promoting and developing areas such as Wynwood, Biscayne Blvd, Miami Shores and the Venetian Islands. The men took out the first plat in Wynwood on January 7th, 1917 originally calling the area Wyndwood. However, the City of Miami built a park on the northern part and dropped the "d" from the name just three months later. The area became known as Wynwood Park for a long time until people finally dropped the "Park" and started referring to the neighborhood as simply Wynwood. A WORKING-CLASS NEIGHBORHOOD The Coca-Cola bottling plant at 301 NW 29th Street in Wynwood, Miami. Since its inception, Wynwood has been an area that has attracted middle class families. Early employers around the 1930's included a Merita Bread factory by the American Bakeries Company, a Coca-Cola bottling plant, and an orange juice bottling plant. In its early days, there were plenty of opportunities for middle class residents to both work and live in the neighborhood. The garment or fashion district along the southern portion of Wynwood started to emerge in the 1920's and 1930's. Fueled by migrants from Cuba in the early 1960's the growing industry found the workforce it needed for both retail and manufacturing. It grew to one of the largest garment districts in the country. In the 1980's there were well over 200 businesses in this area. Similar to many other parts of the country, at the end of World War II, there was an exodus to the newly developed suburbs. The void formed by this exodus quickly became filled by a variety of new immigrants to Miami. Throughout the mid -to -late 1900's, Wynwood became an enclave for Caribbean immigrants. A large influx of Puerto Ricans moved in which led the neighborhood to be 8 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 27 1.1.b known as "Little San Juan" by the middle 1950's. This was the first big influx of Hispanics into Miami and predated by a decade the emergence of another immigrant neighborhood, Little Havana. The influx of immigrants from Puerto Rico left their influence with the renaming of many of the neighborhood's public places. For instance, Wynwood Park was renamed Roberto Clemente Park in 1974 following the tragic death of the Puerto Rican born baseball player in a plane crash. Robert E. Lee Middle School was razed to make room for a new middle school that was named Jose De Diego Middle School. Art on a Wynwood Wall "Puerto Rico I never stop loving" The community center in Roberto Clemente Park is dedicated to Dottie Quintana. Dottie was said to be the unofficial mayor of Wynwood and spent her life helping the sick, elderly and children. Dottie and her husband helped feed new Haitian immigrants when they first started arriving in the neighborhood in the 1970's and new Cuban refugees in the 1980's. By the late 1970's the neighborhood was diversifying with an influx of Cubans, Haitians, Columbians, and Dominicans and with this influx of new immigrants, who had high unemployment, the neighborhood was in decline. 9 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 28 1.1.b WYNWOOD 2.0 In 1987, one of our community partners, the Bakehouse opened in Wynwood as Florida's largest working artists space. This was probably the first sign of what Wynwood would become. Soon after, in the early 2000's, other art pioneers and galleries entered the neighborhood. In the early 2000's, following more than a decade of economic exodus and depression, forward thinking developers and property owners started to recognize the importance of the emerging art scene. Wynwood Walls, Goldman Properties A few years later a new pioneer named Tony Goldman gave Wynwood a big boost when his company Goldman Properties took interest. Tony Goldman, who had contributed significantly to the emergence of SoHo and South Beach had a knack for investing in thriving artsy neighborhoods. Goldman Properties created an open-air gallery of murals called Wynwood Walls in 2009. The entire neighborhood would become a canvas for urban street art and the popularity of Wynwood skyrocketed. Today there are over 70 galleries collections and museums in Wynwood, and the Second Saturday's art -walk attracts thousands. In 2002, with the arrival of Art Basel, Wynwood became cemented as a must -visit neighborhood by the arts community. The influence and relevance of the arts community is now imbedded in the fabric of Wynwood as artists descend there from around the world, so that they can showcase their work on a wall, leading to the vivid murals that define the neighborhood. 10 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 29 1.1.b As the neighborhood transforms at a rapid rate it is imperative that with all the luxury condos and fancy restaurants that the humble beginnings and melting pot community retain a place for working families and artists to sustain some of its original character and charm. Wynwood's popularity has revived the community and made it a thriving neighborhood. Wynwood Works will ensure that working families and artists will be able to afford to stay in the neighborhood. Wynwood, December 2015 Wynwood is in its infancy in its evolution and all the new development will inevitably lead to higher rents, which is bound to set off another wave of gentrification in Wynwood. Wynwood currently has a population of about 43,410 people (49.5% males, 50.5% females). According to the 2017 census, the City of Miami total population is approximately 463,347 with a median age of 34.8 year. The total number of households within Wynwood is 15,146 with an average income of $30,735 per household and an average net worth of $221,500. Wynwood Works is a critical catalysis in allowing working families the opportunity to continue to live in Wynwood as the neighborhood stakes its place as a premiere global destination for art, fashion, innovation and enterprise. Future generations of artists, teachers, fire fighters, nurses, hospitality workers, gaiinent workers and entrepreneurs will be guaranteed to have the opportunity to continue to call Wynwood home as residents of Wynwood Works. 11 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 30 1.1.b Tab 3 12 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 31 WYNW W'S QUALIFICATIONS AND EXPERIENCE Proposer MAGELLAN MOUSING Subconsultants HASLEM HOUSING VENTURES ROYAL AMERICAN COMPANIES Responsible for the Development and Management of Wynwood Works This partnership brings unmatched qualifications and experience We have developed over 150 affordable and workforce housing communities Comprised of over 10,000 units The cost basis of these developments exceeds well over a billion dollars Magellan Housing LLC principals have over 25 years of experience in developing multifamily communities and have developed thousands of affordable and workforce housing apartments throughout Florida and Texas including over a thousand restricted apartments in the City of Miami. Magellan Housing is a highly respected and trusted industry leader in the acquisition, development, marketing, and management of apartment communities. Our institutional partners and lenders are among the largest and most dedicated investors in America's communities. 13 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 32 Haslem Housing Ventures LLC was founded by Udonis Haslem, a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis is committed to revitalizing neighborhoods and providing safe, decent, and attainable housing for all residents of Miami -Dade County. Royal American Construction Company, Inc. (RAC) has built more than 150 multifamily residential, rental communities since 1968. In addition to the construction of multifamily communities, Royal American Construction has built single family home communities, condominiums, timeshares, hotels, convention centers, and numerous commercial buildings. Royal American Construction's record is that of maintaining the highest possible standards of construction within the industry. Royal American currently has 7 similar multifamily projects under construction. Royal American Management, Inc. (RAM) currently manages 200+ multifamily properties in eleven (11) different states and the U.S Virgin Islands. A majority of the properties managed have extensive compliance requirements due to their affordable programs such as Housing Credit, HOME, SAIL, and HUD Section 8. Royal American Management currently manages about 45 multifamily properties in and around Miami. The principals of Magellan Housing, LLC have been some of the most highly respected and trusted industry leaders in the acquisition, development, marketing, and management of apartment communities throughout Florida. Our institutional partners are among the largest and most dedicated investors in America's communities. Magellan Housing Principals and Executives have led and continue to lead efforts to improve the housing industry through leadership roles with local, state, and national industry organizations, boards, and through advocacy roles and appointments. WE INVESTIN C0MMIT1 &S Magellan Housing and its principals have developed in excess of 1,500 multifamily housing units with a cost basis in excess of $350,000,000. Magellan has vast experience in partnering with not -for - profits, community groups, and faith -based groups to meet and exceed community objectives and benefits. These community objectives and benefits include providing and creating innovative educational opportunities, job creation programs, and economic development in the community. Magellan takes seriously its social role and responsibility in the communities that it enters. 14 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 33 1.1.b Magellan is committed to incorporating the latest environmental green building features, creating art in public places, and maintaining the highest standards in architectural design, density, scope and scale. Udonis Haslem, of Haslem Housing Ventures, LLC, is a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis graduated from Miami Senior High School and played college basketball for the University of Florida, where he played for Coach Billy Donovan from 1998 to 2002. Udonis founded Haslem Housing Ventures to fulfill his desire to provide safe, decent, attainable housing for all residents of Miami -Dade County. Since 2005, Udonis has been very active with the Udonis Haslem's Children's Foundation whose mission it is to promote youth development and self-confidence. Through those efforts, Udonis quickly realized the importance and dire need for access to safe, decent, and attainable housing in Miami. He noticed that too often children and their families were living in substandard and even unsafe structures. Haslem Housing Ventures was formed to address this growing need. Royal American was founded in Panama City, Florida in 1968 by Joseph F. Chapman, III. Following graduation from the University of Florida, College of Law, Mr. Chapman served as Chief General Counsel for the Governor's Office of the State of Florida as well as Chief Counsel for the Florida State Road Board. Returning to Panama City in 1967, Mr. Chapman entered law practice while successfully seeking a seat in the Florida Legislature for two terms. By 1972, Mr. Chapman directed all his time and efforts to the growth of Royal American. Royal American today consists of several sister companies, vertically organized to provide the greatest degree of product control. Since the 1960's Royal American Construction has developed and constructed over 150 multifamily properties that include over 10,000 units. Royal American Management currently manages 200+ multifamily properties in eleven (11) different states and the U.S Virgin Islands containing over 30,000 units. A majority of the property's developed and managed have extensive compliance requirements due to their affordable programs such as Housing Credit, HOME, SAIL, and HUD Section 8. Many of the properties managed are in and around neighborhoods that are being revitalized. Royal American Management currently manages about 45 properties in and around Miami, Florida, most of which are newly constructed properties that finished lease -up within the past four to six years. Property styles and types managed by RAM in these areas include high-rise, mid -rise, garden -style, and/or single-family rental communities. 15 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 34 Quality Affordable Multifamily Communities Packet Pg. 35 1.1.b 00 C%1 0c u. 0 704) I 5 0 0) c a) (0 E .c 0 c.) co cv co Cs1 0) - Attachment: 7928 Bid Response Packet Packet Pg. 36 1.1.b MAGELLAN HOUSING The principals of Magellan Housing are among the most respected and trusted industry leaders in the acquisition, development, marketing, and management of affordable and workforce housing communities in Texas and Florida. Our institutional partners are among the largest and most dedicated investors in America's communities. Magellan leads efforts to improve the housing industry through leadership roles with local, state, and national industry organizations, boards, and advocacy roles. Magellan Housing has developed over 1,500 multifamily housing units with a cost basis in excess of $350,000,000. Magellan has vast experience in partnering with not -for -profits, community groups, and faith -based groups to meet and exceed community objectives and benefits- including innovative educational opportunities, job creation programs, and economic development. Magellan prioritizes its social role and responsibility in the communities that it enters. We are committed to incorporating the latest environmental green building features, restoring and preserving historic sites, creating art in public places, and maintaining the highest standards in architectural design, density, scope and scale. ...ME We Invest in Communities. 18 Packet Pg. 37 1.1.b PROJECTS UNDER DEVELOPMENT Chapman Crossings —14741 Chapman Woods Crossing - Houston, Texas Chapman Crossings is a 102-unit family project in NE Houston financed through a combination of 9% Housing Tax Credits and debt from Citibank, Freddie Mac and Harris County Housing Finance Corporation. Delivery will be December 2018. The Jasmine —100 SW 22nd Ave. — Miami, Florida Jasmine is a 96-unit senior living project in the heart of the Little Havana neighborhood of Miami. The $32 million, 8-story midrise development is financed through a combination of Housing Tax Credits and Miami Dade County Surtax. 19 Packet Pg. 38 1.1.b BRAEBURN VILLAGE - HOUSTON URBAN LAND INSTITUTE DEVELOPMENT OF DISTINCTION WINNER - 2012 20 Packet Pg. 391 1.1.b IN OP iq nuelimaki. • gE 21 Packet Pg. 401 1.1.b PLAZA AT THE LYRIC - MIAMI 22 Packet Pg. 41n 1.1.b VILLA DEL PRADO - HOUSTON 23 Packet Pg. 421 1.1.b MAGELLAN HOUSING PORTFOLIO OF EXPERIENCE ameLocanon Ambassador North Apartments Houston. Texas SIills del Prado Houston. Texas Braebaru tillage Haiston. Texas Chapman C rossings Hcustoa_ Texas The Emerald Miami. Ronda Esmeralda Bay Miami• Iona Garden at Driftwood Holly-wood_Florida Lafayette Square Apartments _ liamr. Fonda Lafayette Plaza Apartments Miami Florida Madison View Miami Florida Magnolia Landing M im,-Dade Ccqu v. Florida The Pearl \S•aet Florida The Plaza at the Lyra Moir: Ronda The Jasmine Mart. Ronda Totals Location 8210 Bateman. Houston. TX 77022 9313 TaII}to Rd.. Houston, TX 77017 7500 Bissoonet FFruston. TX 77074 14741 Chapman Woods Crossing. Houston. TX 77044 244 NW 72nd Terrace Sfiami. FL 33150 3780NW 22nd Ave. Miami. FL 33142 7350 Davie Road Extension. Hollywood. _FL 33024 150 NE 791h Street. Miami. FL 33138 145 NE 78th Street Miami. FL 33138 642 NW 5th Ave, ]dram, FL 33136 25881 SW 143rd Ct. Nara*, FL 33032 3380 NW 17th Ave. afiami, FL 33142 919 NW 2nd Ave. Miami. FL 33136 100 SW12nd Ave. Miami. FL 33135 Scope of Work Rehebihtanon High Rise Rehabihtanon Garden Style Reconstruction Garden Style New Construction Garden Style New Construction High Rue New Consavcnon High Rise New Conmucnon Mid -Rise New C'onwrucnon High Rise. Townhouses New Construction Mph -Rase Townhouses New Construct= Garden New Construcnon Garden New Consancton High -Rise. Townhouses New Conucton High Rise. Townhouses New Constructor High Rise Total Total Units Affordable nuts Trite of Property 100 hits 100 Income Restricted 118 Units 140 Units 102 Units 124 Units 96 Units 120 Units 160 Units 136 Units 120 Units 150 Units 100 Units 158 Units 96 Units 118 140 102 124 96 120 160 136 120 150 100 1:8 1.720 Income Restricted Income Resmcted Income P.esnicted Income Restnczed Income Resmcted Income P.estncted Income Restricted Income P.estnc zed Income Resmcted Income Resmred Income Resmczed Inconse Resmcted Mixed Use Income Restricted Total Development C o.r 10,989 274 S 14.479,496 11,391,79S S 1Sa42W2 $ 33.525.628 S 20.563.658 S 20910,169 S 32.426522 S 33.8 5.899 S 24,232.842 S 27.657305 S 27355,586 S 40,203,456 f 32,6.9,731 S 355.642.434 00 N O to a u. a) C N 0 2 its 5 0 tU I E_ s 0 2 M O N co N t7) 24 Packet Pg. 43 1.1.b CONTACT INFORMATION AMAY A. INAMDAR Principal — Texas 2911 W. Autumn Run Cir. Sugar Land, Texas 77479 Phone 713.540.0122 Amay.lnamdar@Magellandev.com NICK A. INAMDAR Principal — Florida 0 2100 Coral Way, Ste. 405 Miami, Florida 33145 Phone 305.528.0166 Nick.lnamdar@Magellandev.com 25 Packet Pg. 44 1.1.b Tab 4 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 26 Packet Pg. 45 1.1.b MCG Architecture and Planning, Inc. Architect Schwebke-Shiskin & Associates, Inc. Engineer on WORKS Organizational Chart Magellan Housing, LLC Proposer Developer Wernick & Co, PLLC Akerman, LLP Land Use Counsel Fortis Design & Build, LLC Construction Consultant Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Legal Counsel Haslem Housing Ventures, LLC Subconsultant Partner 27 Royal American Construction, Inc. Subconsultant General Contractor Royal American Management, Inc. Subconsultant Management/ Accounting/ Compliance Miami Dade County Homeless Trust Homeless Referral Agency Miami Light Project Cultural Community Partner Bakehouse Art Complex Cultural Community Partner Packet Pg. 46 1.1.b Contact Information of Team Members: Magellan Housing, LLC Nick A. Inamdar 2100 Coral Way, Suite 405 Miami, FL 33135 305-528-0166 (phone) Haslem Housing Ventures, LLC Sylvester King 954-558-3649 (phone) Royal American Construction, Inc. Harry Smith 1002 W. 23rd St., Suite 400 Panama City, FL 32405 850-914-3216 (phone) Royal American Management, Inc. Kerri Toth 1002 W. 23rd Street, Suite 400 Panama City, FL 32405 850-769-8981 (phone) Directory 28 Packet Pg. 47 1.1.b Miami -Dade County Homeless Trust Vicki Mallett Stephen P. Clark Center 111 NW 1st Street, Suite 27-310 Miami, FL 33128-1902 305-375-1490 (phone) Miami Light Project Beth Boone 404 NW 26th Street Miami, FL 33127 305-576-4350 (phone) Bakehouse Art Complex Cathy Leff 561 NW 32nd Street Miami, FL 33127 305-576-2828 (phone) MCG Architecture and Planning, Inc. Jennifer McConney-Gayoso 7500 NE 4th Court, # 103 Miami, FL 33138 305-573-2728 (phone) 29 Packet Pg. 48 1.1.b Schwebke-Shiskin & Associates, Inc. Alberto Mora 3240 Corporate Way Miramar, FL 33025 954-435-7010 (phone) Wernick & Co, PLLC Steven J. Wernick 89 NE 27th Street Suite 113 Miami, FL 33137 786-232-0911 (phone) Fortis Design & Build, LLC Andrew Frey 31 NW 23rd Street Miami, FL 33127 786-527-0094 (phone) Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Terry Lovell 150 W Flagler Street, # 2200 Miami, FL 33130 305-789-3200 (phone) 30 Packet Pg. 49 1.1.b Tab 5 31 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 50 1.1.b WTYNW''OD wmtks PROJECT TEAM MEMBERS Magellan Housing, LLC Nick Inamdar Haslem Housing Ventures, LLC Udonis Haslem Royal American Construction Company, Inc. Harry Smith Royal American Management, Inc. Kerri Toth Miami -Dade County Homeless Trust Victoria Mallette Miami Light Project Elizabeth Boone 32 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 51 1.1.b Bakehouse Art Complex Cathy Leff MCG Architecture and Planning, Inc. Jennifer McConney-Gayoso Wernick & Co, PLLC Steven Wernick Fortis Design + Build, LLC Andrew Frey Schwebke-Shiskin & Associates, Inc. Alberto Mora Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Terry Lovell 33 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 52 1.1.b Magellan Housing, LLC - Developer Managing Partner, Nick Inamdar specializes in project management, legal structuring and finance. His relevant experience includes the development and financing of over 1,400 affordable (restricted) housing apartments in South Florida with a cost basis in excess of $260,000,000. He will direct and coordinate development efforts to completion including securing financing. His relevant experience includes coordinating development of numerous Miami projects in scope and size to the proposed project. He recently served as Chair for the Florida statewide affordable and workforce housing industry organization, the Coalition of Affordable Housing Providers (CAHP). He also currently serves as a board member for the South Florida Regional Transportation Authority (SFRTA) and has previously served as a board member to the Miami -Dade Expressway Authority (MDX). Mr. Inamdar is a member of Leadership Florida Class 30. In 2015, he was selected by the South Florida Business Journal in their 40 under 40 awards. He was honored as a finalist by the Greater Miami Chamber of Commerce in their 2012 R.E.A.L (Real Estate Achievers and Leaders) Awards. In 2012, he also received the Recent Alumni Achievement Award from the College of Business at The Florida State University. Haslem Housing Ventures, LLC — Partner Udonis Haslem is a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis graduated from Miami Senior High School and played college basketball for the University of Florida, where he played for Coach Billy Donovan from 1998 to 2002. Udonis founded Haslem Housing Ventures to fulfill his desire to provide safe, decent, attainable housing for all residents of Miami -Dade County. Since 2005, Udonis has been very active with the Udonis Haslem's Children's Foundation whose mission is to promote youth development and self-confidence through programs and services designed to enable them to reach their full personal and educational potential. Royal American Construction Company, Inc. — General Contractor As President, Harry Smith is a Licensed General Contractor in several states. Royal American Construction has been directly responsible for the construction of more than 150 residential, rental communities, comprised of over 10,000 units, since 1968. In addition to the construction of multifamily communities, Royal American Construction has built single family home communities, condominiums, timeshares, hotels, convention centers, and numerous commercial buildings. Royal American 34 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 53 1.1.b Construction's record is that of maintaining the highest possible standards of construction within the industry. Royal American currently has 7 similar multifamily projects currently under construction. Royal American Management, Inc. — Property Manager As President, Kerri Toth is responsible for all aspects of operations pertaining to Royal American Management. She is ultimately responsible for the oversight of and the physical and financial integrity of the RAM -managed Portfolio which averages about 220 multifamily properties and 30,000 units located throughout the Southeastern United States, Missouri, Arkansas, Colorado, and the U.S. Virgin Islands. As president, she is responsible for the management of one of the largest and most diverse multifamily property portfolios in the United States. Miami -Dade County Homeless Trust — Homeless Referral Agency Victoria Mallette is the Executive Director of the Miami -Dade County Homeless Trust which is recognized as a national model by US HUD. The Trust is responsible for the provision of housing and services for homeless persons in Miami -Dade County. The Trust provides funding for more than 8,000 beds that serve thousands of individuals and families annually and will provide referrals for Wynwood Works unit's set -aside for families transitioning out of homelessness. Miami Light Project — Cultural Community Partner Beth Boone is the Artistic and Executive Director at The Miami Light Project, a Wynwood based not -for -profit cultural organization founded in 1989 which presents live performances by innovative dance, music and theater artists from around the world. Through a strategic relationship, one of their responsibilities will be to provide referrals of local artists to reside in the 6 Artist Lofts that are set -aside for local Artists to ensure that we properly target Artists connected to the Wynwood community. Bakehouse Art Complex — Cultural Community Partner Cathy Leff is the Executive Director of The Bakehouse Art Complex, a Wynwood based not -for - profit cultural organization founded in 1985 by artists and for artists in a former industrial Art Deco -era bakery. Bakehouse provides coveted studio residencies, infrastructure, and community to enable the highest level of artistic creativity, development, and collaboration for the most promising talent. The Bakehouse is comprised of approximately 100 Miami -based resident and associate artists of diverse backgrounds. Currently, the Bakehouse is one of the oldest art studio complexes in Miami and houses approximately 50 studios of varying sizes, two galleries, a classroom, a print 35 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 54 1.1.b room, photography lab, ceramics facilities, and woodworking and welding areas. These spaces, usually unavailable outside of university campuses, has and continues to enable artists to work, make, discover, learn and share their practices with each other and the broader community. The Bakehouse will manage a professionally organized public contest to select and commission artists to provide art on the western facade of Wynwood Works. The Bakehouse is uniquely suited to create local and international excitement and participation and, importantly, visually stunning landmark worthy art. MCG Architecture and Planning, Inc. — Architect Jennifer McConney-Gayoso is a Registered Architect in the State of Florida with over 20 years of experience assisting developers on complex mixed -use projects and providing innovative solutions to site and building design. MCG Architecture and Planning specializes in Hospitality and Resort Design, Historic Preservation, Commercial, Retail, Residential and Affordable Housing. Before establishing her own firm, Jennifer was the Director of Design at a large firm where she managed more than 500 projects in the 18 years with the company. As a native Miamian, she blends her love of Tropical Architecture with a contemporary style. She believes that architecture should relate to its site with a respect for the nature, history, and the urban lifestyle that surrounds it. Wernick & Co, LLPC — Entitlements Steven Wernick guides developers through complex land use regulations, state and local government law, and the development approval process. His work includes pre -acquisition due diligence, entitlement strategy, platting, and handling a wide array of zoning and development approvals. Steve works closely with clients to navigate the intricacies of government affairs, including advocating for client interests in administrative and quasi-judicial hearings, securing entitlements and zoning interpretations and procurement of government contracts and public/private incentive agreements for urban redevelopment projects. Steve also has significant experience drafting master plans and land use development regulations, including the City of Miami's first Neighborhood Revitalization District for Wynwood (NRD-1). Wernick has been and continues to remain intimately involved in the transformation of the Wynwood Arts District. He has served as advisor and land use counsel for most of the high -profile development projects completed in recent years or in the pipeline today. Prominent examples include 250 Wynwood, Wynwood 25, and The Wynwood Garage; CUBE Wynwd, 545 Wyn, The Gateway at Wynwood, and the Moxy Wynwood Hotel. Wernick regularly presents projects before the City of Miami's Wynwood Design Review Committee (WDRC) and Urban Development Review Board (UDRB) and maintains strong working relationships with planning and zoning staff. 36 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 55 1.1.b Fortis Design + Build, LLC — Construction Management Located in Wynwood, they create award winning mixed -used projects within the urban core. They act as fee -based developers providing pre -construction development services, construction management, general contracting, design -build consultation services and private equity options. By combining in-house expertise in design, development and construction, they enable creative architectural and programming solutions with value pricing. Schwebke-Shiskin & Associates, Inc. — Civil Engineering Schwebke-Shiskin & Associates offers a wide range of services within the fields of civil engineering, land planning, and land surveying. Established in 1947, SS&A has performed a central role in many regional developments and major projects. As such, their firm has learned how to manage large scale efforts and coordinate with other disciplines in a positive proactive team environment. Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. — Loan Closing Terry Lovell specializes in getting affordable housing and workforce housing developments closed. His relevant experience includes representing developers with their closings on numerous similar type multifamily developments. A vast majority of these projects have public financing and are public -private partnerships. He has closed well over $1,000,000,000 in similar multifamily projects. 37 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 56 1.1.b Magellan Housing has worked on numerous projects with several of the Project Team Members. Specifically, Magellan Housing and Royal American Companies have finished a joint venture project together, will complete construction on a 2"d project in October 2019, will commence construction on a 3rd project in November 2019, and are in the planning stages of 7 more. Magellan and the Architect, MCG Architecture and Planning, Inc., have worked on over 10 projects together. Magellan has similarly worked and is working with Schwebke-Shiskin, and Stearns Weaver on several other projects. This Team was carefully selected and assembled for this specific development opportunity. We are thrilled to present Wynwood Works to the City of Miami and we believe our Team brings unique qualifications to this project. Four of our Team Members are based within Wynwood. Our two Cultural Community Partners have been based in Wynwood for 30 and 35 years respectively. Although we don't expect any changes to this Team, we recognize that over the long course of a development project circumstances may dictate a change. Therefore, simply as a precaution, the Proposer reserves the right to remove and/or replace any Team Member with another similarly qualified firm with OMNI-CRA approval. The Developer will notify the OMNI-CRA one week prior to any changes to the projects Team Members and will include with the notification the reason for change which may include, but is not limited to, similar services being able to be procured for less or more expeditiously. 38 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 57 1.1.b Tab 6 39 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 58 1.1.b MTYXW'OD Wyks DEVELOPMENT CONCEPT • A 12-story high-rise building at 2035 North Miami Avenue, Miami, Florida (Folio #'s: 01-3125-000-0130; 01-3125-000-0100; 01-3125-016-0400) • A Mixed -Income community with ALL Affordable and Workforce homes for individuals transitioning out of homelessness to 140% Area Median Income (AMI). Developed under the Attainable Workforce Housing Ordinance of the City of Miami and restricted for 50 years. • 104 apartments of mixed income housing set -aside for tenants at approximately the following Area Media Incomes (AMI) levels: • oat30%AMI 5% For individuals transitioning out of Homelessness 5% For additional Extremely Low -Income individuals • 10%at50%AMI • 10%at80%AMI • 25% at ,,,Y/o AMI • 45% a1 D% AMI 40 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 59 1.1.b • Executed MOU with the Miami -Dade County Homeless Trust. 5% of the total units will be set -aside for individuals transitioning out of Homelessness. This will be an extremely unique mixed income development, servicing such a varied mix, that includes individuals transitioning out of homelessness to 140% AMI! • Executed MOU with the Miami Light Project. The Miami Light Project is a Wynwood based not -for -profit cultural organization founded in 1989 which presents live performances by innovative dance, music and theater artists from around the world. We will have a strategic relationship with them where one of their responsibilities will be to provide referrals of local artists to reside in the 7 Artist Lofts that are set -aside for local Artists to ensure that we properly target Artists from the community. • Executed MOU with the Bakehouse Art Complex. The Bakehouse Art Complex is a Wynwood based not -for -profit cultural organization founded in 1985 by artists and for artists in a former industrial Art Deco -era bakery. Bakehouse provides coveted studio residencies, infrastructure, and community to enable the highest level of artistic creativity, development, and collaboration for the most promising talent. We will have a strategic relationship with The Bakehouse where one of their responsibilities will be to manage a professionally organized public contest to select and commission artists to provide art on the western facade. The Bakehouse is uniquely suited to create local and international excitement and participation and, importantly, visually stunning landmark worthy art. • A Mixed -Use community with ground floor commercial space. • 6 designated Artist homes set -aside for local community Artists. • A Green Certification and in doing so incorporating an environmentally responsible plan that identifies "best -practice" green strategies during construction, operation, and maintenance. • State of the art, modern, and Energy Star rated appliances. • Access for community events including access for City of Miami or OMNI-CR" sponsored events and activities. 41 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 60 1.1.b • Modem and attractive on -site amenities available to residents including an open- air deck, a community room, and private offices and co -workspace. • Secured automobile parking • Gated bike parking and accommodations for micro mobility sharing devices. • Secured access and state of the art security system. • A wide array of resident educational, health, and occupational programs for the tenants including Literacy Training, Computer Training, Employment Assistance Programs, Daily Activities, etc. • A commitment to work with the OMNI-CRA on relocations, based on availability, and as applicable under local, state, and federal laws. • Community Input - In developing this concept, we met with several neighbors and stakeholders in the community including the business owner directly adjacent to the south and the property owner across the street. These meetings, as well as others, all went great. There was a positive exchange of ideas and we all agreed to keep lines of communication open. • IMPORTANT NOTE - Our Development Concept relies solely on subsidies that are currently available from the OMNI-CRA and/or from the City of Miami. Our proposal does not require us to seek Low Income Housing Tax Credits (LIHTC) or SAIL financing from the Florida Housing Finance Corporation (FHFC). Federal and State financing programs are purely speculative and there is NO assurance of obtaining financing for any particular project. Therefore, the only expeditious and certain way to build affordable and workforce housing on this site is by implementing this Financing Plan. Final site plan, layout, and features and amenities may change as necessary during plans and permitting. During this time, Proposer may reduce or increase the total number of units in the Development by up to 15% with approval by the OMNI- CRA Executive Director. In order to maintain the long-term viability of this project, 12 years after issuance of a Certificate of Occupancy, all AMI set -aside restrictions may be re -adjusted as long as the project continues to conform to the City of Miami's Attainable Housing Ordinance as in effect at that time. If, for whatever reason, the City's Attainable Housing Ordinance is no longer in effect at that time, then AMI set - aside restrictions may be re -adjusted to the last implemented version of the Attainable Housing Ordinance or to the version in effect as per this submittal date. 42 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 61 7500 NE 4`h Court Studio 103 Miami, FL 33138 M‘LLAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 43 2035 NORTH MIAMI AVENUE, MIAMI , FLORIDA -(,IIFST FOR PROPOSAL #99238 1 MNI CRA COVER A0.00 CALE Packet Pg. 62 rZEI1EMTiiL5Y7:l:TaY=71Y . :Lk7.GT.i7 IF.TC1/lR i�A��L77:F.1:R77R1GiIR7 7yi:T:S'kT:TiIl�F.1'SI; KWH MECHANICAL SWINGS 7500 NE 4°i Court Studio 103 Miami, FL 33138 THERE WERE PLEN'IY OF OPPORTUNITIES FOR WORKING CIA.SS PEOPLE 10 BO1'H WORK AND LIVE IN THE WYNVV(X)D NEIGHBORHOOD DURING ITS FARM' 1c\RS.LFTS KEEP IT "I1i15 \1'.1V. M/'GaAN HOUSING • WYNVV w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 44 r•_ 7S% E r ] Sox AFFORDABILITYFROM I'T'1"O3"^DI(;I I \I ICI \I)1.171 ON & CHOOSE WHERE YOU BELONG. KI ACG TNG WORXFORCE WORKING DIFFERENT OF CONfw Tp. FLEXIBILITY rTL}k;1L WORK AND PLAY ISTHE WAY. GRDRSN'E HINDS REQUIREM. SPACE FOR COWORXINGAMINFT. LOCATED AND MUT WYNN..., LOCALS. CREATIVITY JUST LET IT IN. NTHWOODWAS CREATED sr Awns AEto SDLL @ BACK TOTHf STREETWISE SDTHETWOWEDIXRD DOWF ATTHEY DO MT WI I.VT DOES .\N.\('I IRO\'ISM MEAN TO SVYN\VC)OD' FIG.82 GIAZED EXTERIOR Sl IRFACE:.S h #3 WYNWOOD REVIV:\I AMERICAN BAKU. 1.1.b OHM CO 00 M 01 O. Ce C O 2 4 \ACFIRONISM ° -O ANACHRONISM -JUXTAPOSITION OFA LONGING OR HOMAGE TO OLDER FACTORY- DRIVEN TIMES TO CURRENT DIGITAL AGE. THETHIRD (DIGITAL) REVOLUTION IS CHARACTERIZED BY THE INTERACTION OF PEC = WITH ART SPACES. THE THIRD INDUSTRIAL OR DIGITAL REVOLUTION UBERATED 01 CREATIVE MIN DSASTHERE IS MORE FLEXIBLITYIN FABRICATION DUETOTECHNOLOGI LEAP THANKS TO THE ARTISTS LOOKING FOR AFFORDABKE LIVING AND WORK SF WYNWOOD BECAME MELTING POT OF CULTURES, !DEMAND TALENT. ME COLA -COLA BOTFUHG PLANTAT 2 L ANDREW INNEINKFT0111A111 MEMIDT BBI HW iBTH STREET wwTMWOOD ITU COMPANEWTNWDOD WM WIOWTHWOD o es, N #2 FROM I ]AND GRAI'I'E:D'IY) MANI IFACI'I'12E:D r IN THE 1940S, WYNWOOD WITNESSED A DEMOGRAPHIC VOID DUE TO THE WAR, 0) WAS RAPIDLY FILLED WITH HUNDREDS OF JEWISH. KOREAN AND LATIN IMMIGRA WORKING IN GARMENT SWEATSHOPS. BY THE I9705. THERE WAS 55% UNEMPLOYM 0 AND HIGH RATE OF CRIME WHICH MADE THEIR LIVES OF HARDWORKING LOV W MIDDLE CLASS IMPOSSIBLE re GO co n 01 UNPRECEDENTED ED INNOVATI IN MIAMLAS IN OTHER CITIES. THE INDUSTRIAL REVOLUTION LEDTOA SIGNIFIC RISE IN THE RATE OF URBAN POPULATION GROWTH FUELED BY FACT RECRUITN ARCHITECTURAL LANGUAGE A0.01 CALE Packet Pg. 63 7500 NE 4,, Co, Scudio 103 Miami, FL 33138 M H o LLAN HOUSING WYNW W DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 45 RENDERING A0.02 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 64 7500 NE 4`h Court Studio 103 Miami, FL 33138 MP'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 46 RENDERING FACING NORTHEAST AT AMENITIES DECK A0.03 1.1.b CALE Packet Pg. 65 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) SECTION PROJECT INFORMATION PROJECT NAME PROJECT ADDRESS ZONING: LOT AREA: WYNWOOD WORKS 2035 NORTH MIAMI AVENUE, MIAMI FL 33127 T6-8 0, NRD-I Wynwood 19,294 SF BEFORE DEDICATION (0.44 ACRES) 17,810 SF (0.41 ACRES) AFTER DEDICATION I SITE REQUIREMENTS SITE REQUIREMENTS REQUIRED PROVIDED A. LOT AREA B. LOT WIDTH C. LOT COVERAGE D. FLOOR LOT RATIO-FLR E. FRONTAGE AT FRONT SETBACK F. OPEN SPACE REQUIREMENT G. DENSITY 5,000 SF MIN; 40,000 SF MAX 50 FT MIN STORIES I-8, 80% OF LOT MAX = 17,810 SF *.8 = 14,248 SF ABOVE THE 8TH FLOOR: 15,000SF N/A 70% MIN. 222.57 FT * 70%= 155.79 FT 10% LOT AREA MIN. 17,810 SF * 10%= 1,781 SF 150 DU/ACRE MAX UNIT/ACRE MAX 0.44 ACRE X 150 RESIDENTIAL = 66 UNITS 17,810 SF 222.57' (WAIVER REQ.) 15,400 SF (86%) 12,927 SF 169,962 217'4' FT 2000 SF 104 UNITS** .INCREASE IN DENSITY THROUGH ATTAINABLE MIXED -INCOME HOUSING ORDINANCE 2 BUILDING SETBACK SETBACKS ALLOWED/REQUIRED PROVIDED A. PRINCIPAL FRONT (WEST / NORTH MIAMI AVE) B. SIDE (NORTH) C. REAR (EAST) D. SIDE (SOUTH) 1-7TM STORY: 5'-0" / ABOVE 8' STORY: 5'-0" I -7TM STORY: 0'-0" / ABOVE 8' STORY: 10'-0" I -7TM STORY: 0'-0" / ABOVE 8' STORY: 10'-0" I -7TM STORY: O'-0" / ABOVE 8' STORY: 10'-0" 5'-0" / 5'-0" 11" / 10,0" 1'-0" / 10'-0" 3'-0" / 10'-0" *'*OR AS MODIFIED WITHIN WYNWOOD NRD-I STREET MASTER PLAN BUILDING HEIGHT HEIGHT ALLOWED/REQUIRED PROVIDED A. MIN HEIGHT B. MAX HEIGHT C. MAX BENEFIT HEIGHT 2 STORIES 8 STORIES 4 STORIES ABUTTING ALL TRANSECT ZONES EXCEPT T3 12 STORIES 3 NRD-I PARKING REQUIREMENTS PARKING SPACE/UNIT PARKING RATE REQUIRED PROPOSED A. DWEWNG UNIT 650 SF OR LESS B. DWEWNG UNIT GREATER THAN 650 SF C. VISITOR SPACES D. COMMERCIAL E. PARKING REQUIRED F. ATTAINABLE HOUSING PROGRAM PARKING REDUCTOOF G. TOTAL PARKING REQUIRED H. PURCHASED SPACES TOTAL MIN I P.S. PER UNIT MIN 1.5 P.S. PER UNIT 1 P.S. PER 10 UNITS 3 P.S. PER 1,000SF *1.2 SHARED PARKING FACTOR 35% REDUCTION 1 P.S. X 67 UNITS = 67 P.S. 1.5 P.S. X 37 UNITS = 56 P.S. 104 UNITS* I P.S. PER 10 UNITS=IO P.S. 6,751 SF * 3 P.S./I,000SF = 20.2 P.S.; 20.2 P.S. / 1.2 SHARE PARKING FACTOR=16.8 P.S. RESIDENTIAL 133 P.S.+COMMERCIAL 16.8 P.S. = 149.8 P.S. 149.8 P.S.* 0.65 = 97.37 P.S. 97.37 P.S. 56 102 102 0 BICYCLE RATE REQUIRED PROPOSED F. BICYCLE I BICYCLE RACK PER 20 P.S. 8 18 LOADING BERTH REQUIRED PROPOSED G. RESIDENTIAL H. OFFICE/COMMERCIAL FROM 25,000SF TO 500,000SF 420 SF I PER 300 ROOMS 240 SF I PER 100 ROOMS FROM 25,000 SF TP 500.000 SF (I) I2X35 (1) 10 X 20 2(10X20) (1) 10X 20 4 WAIVERS REQUIRED REQUIRED PROPOSED ZONING CODE A. PARKING DEDUCTION 7500 NE 4' Court Studio 103 Miami, FL 33138 MP'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 47 1.1.b INDEX DRAWING NAME A0.00 COVER SHEET A0.01 ARCHITECTURAL LANGUAGE A0.02 RENDERING A0.03 RENDERING A0.04 INDEX AND DATA SURVEY A0.05 LOCATION PLAN AI.00 LEVEL I GROUND FLOOR PLAN AI.01 LEVEL2 PARKING FLOOR PLAN AI.02 LEVELS 3-4 PARKING FLOOR PLAN AI.03 LEVEL 5 PARKING BOOR PLAN A1.04 LEVEL 6 AMENITIES - PUBUC SPACE FLOOR PLAN A1.05 LEVELS 7-12 TYPICAL UNIT FLOOR PLAN AREA CALCUALTIONS FLOORS FAR (SF) A. LEVEL I 15,t B. LEVEL 2 15,E C. LEVEL 3 15,t D. LEVEL 4 15,i E. LEVEL 5 15,i 5 F. LEVEL 6 15,2 G. LEVEL 7 12,5 H. LEVEL 8 12,5 I. LEVEL 9 12,t J. LEVEL 10 12,5 K. LEVEL I 1 12,5 L LEVEL 12 12,t P. TOTAL 169,5 UNIT TYPE STUDIO 1 BEDROOMS 2 BEDROOMS 6 3 BEDROOMS WORK-UVE 1BDR WORK-UVE 3BDR ARTIST STUDIO TOTAL 1 INDEX AND DATA A0.04 CALE Packet Pg. 66 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 1.1.b 1_2 STORY RETAIL / GALLERY LIGHT INDUSTRIAL RETAIL BACK -OF -HOUSE SERV. CORRIDOR RETAIL ESIDENTIAL LOB BACK 5'"°" -vE>1 °au 1314/ PR°RER41 UNE RETAIL Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housin, —P 992381 Award) 7500 —,E S"dis 103 EL 33'38 M‘-LLAN HOUSING,.. D ATTAINABLE E MIXHOUSING North mi7id 48A vc 2035 A MIXED -INCOME n e SITE PLAN fAllk A0.05 JENNIFER NI,C.01., FLOP., LICY 'Packet Pg. 67 Ipx20' LOADING SIDE SETBACK 10'-0" ABOVE 8TH STORY RETAIL 1,963SF MC - 7500 NE 4`"Court V studio 103 Miami, FL 33138 ARCHITECTURE M �G�LLAN HOUSING • • • SWITCH- G EAR REgR SETBACK /0 _ 200 SF GENERATOR — 400 SF SERV. CORRIDOR RETAIL 3,968 SF DO1 STORYI DOM. PUMP 220 SF FRONT DESK FRC��--- 1 ,—'—'— PROPERTY LINE (BBL) 222.57' PROPERTY LINE (BBL) it DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 49 __ EXISTING PROPER Y LINE 100.0' LEVEL I PLAN A I.00 ,S0'ES 3NI1 A1213dO H 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 68 J 1;1. PROPERTY LINE (BBL) 222.57' 23 PARKING SPACES TOTAL 1 ADA, &J TANDE ) PROPERTYUNE(BBL) 0 -0 v cG 7500 NE 4°i Court Studio 103 Miami, FL 33138 M�'G�LL/�N HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miam Avenue M am , Flor da 50 EXISTING PROPERTY LINE 100.0' LEVEL 2 PLAN AI.01 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 69 ,5017S 3NI1 A1213dObd G 7500 NE Courc audio 103 Miami, FL 33138 M�' I LAN HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 51 EXISTING PROPERTY LINE 100.0' LEVELS 3-4 PLAN AI g2 1.1.b cqLE 70 Packet Pg. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) ,5017S 3NI1 A1213dObd cG 7500 NE 4 Court Studio 103 Miami, FL 33138 M�' I LAN HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 52 EXISTING PROPERTY LINE 100.0' LEVEL 5 PLAN AI.03 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 71 N1--"`r- • o OD ICI j WORK OUT AREA OMEN BATHROOMS TUTORIAL ROO MEN BATHROOMS DINING ROOM (819 SF) non Em COMMUNITY WORKROOM (1,058 SF) WORKING STATIONS (744 SF) WORK PLPY VIEW TO RAILWAY REAR SE7-8ACK 0 O� 0 ING PONG ( 9 0 WORK/LIVE I -BED (645 SF) I ELEV. LOBBY (308 SF) TERRACE GARDEN (4,661 SF) SWINGS SET(12) _ FRONT SETBACK 5'-0" •• •• •• •• PROPERTY LINE (BBL) 222.57•• •• PROPERTNE (BBL) APARTMENTS LOBBY WORK/LIVE 3-BED (1020 SF) AKOlS H18 3AO9V 0 01 )0Y913 ,5017S 3NI1A1N3dObd 7500 NE 4°i Court Studio 103 Miami, FL 33138 MF'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 53 EXISTING PROPERTY LINE 100.0' AMENITIES LEVEL 6 PLAN A I.04 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) ALE Packet Pg. 72 71. A ooCo T 10'-4" H18 3AO9`d „0 0 z H 3-BED (1150 SF) STUDIO (425 SF) STUDIO (425 SF) •�. • • �•• • STUDIO (500 SF) I -BED (764 SF) STUDIO (440 SF) 2-BED (650 SF) •�. I -BED (550 SF) 1-BED (550 SF) I -BED (865 SF) I -BED (865 SF) STUDIO (456 SF) STUDIO (405 SF) I -BED (550 SF) ARTIST STUDIO (713 SF) FRONT SETBALK 5'-0" PROPERTY LINE (BBL) 222.57•• -- PROPERT NE (BBL) 2-BED (767 SF) ,5017S 3NI1 A1213dObd 7500 NE 4`h Court Studio 103 Miami, FL 33138 MF'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 54 EXISTING PROPERTY LINE 100.0' LEVELS 7-12 PLAN A I.05 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 73 1.1.b Tab 7 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 55 Packet Pg. 74 1.1.b aker man Memorandum To: Nick Inamdar, Magellan Housing, LLC From: Steven J. Wernick, Esq., AICP Date: August 26, 2019 Subject: WYNWOOD WORKS: 2035 — 2043 N. Miami Avenue Due Diligence Memorandum re: Land Use/ Zoning, Attainable Housing & Development Capacity Omni CRA RFP No. 992381 Magellan Housing, LLC ("Magellan") has requested this Firm perform certain due diligence in connection with Request for Proposal No. 992381, "Development of Plat Book 'B' Page 107 2035-2037- 2043 North Miami Avenue," issued by the City of Miami Omni Community Redevelopment Agency ("Omni CRA") on July 5, 2019 (the "RFP"). The scope of the RFP encompasses the potential redevelopment of the properties located at 2035, 2037, and 2043 N. Miami Avenue, Miami, FL (the "Property"). This due diligence memorandum (herein the "Memorandum") specifically addresses applicable land use and development standards and resulting development capacity pursuant to the City of Miami Zoning Code ("Miami 21"), inclusive of the Wynwood Neighborhood Revitalization District ("NRD-1"), incorporated as Appendix J to Miami 21, and supplemental regulations and incentives available for Attainable Mixed -Income Housing Development, pursuant to Section 3.15 of Miami 21. This Memorandum incorporates the WYNWOOD WORKS concept plan, prepared by McG Architecture and dated August 14, 2019 (the "Concept Plan"), which includes a proposed twelve (12) story building on the Property with approximately 6,751 square feet of ground floor commercial retail space, one -hundred four (104) dwelling units and a residential lobby, a 6th floor indoor -outdoor amenity level, and four (4) full - levels of structured parking (the "Project"). The Project is proposed as an Attainable Mixed -Income Housing Development.' The Concept Plan is attached as Exhibit A. I. EXECUTIVE SUMMARY Based on the most recent survey of the Property provided to the Firm and the information set forth within the Concept Plan, the Property consists of three (3) separate tax folios with a combined Lot Area of approximately 19,294 square feet, fronting on the east side of North Miami Avenue in Miami, Florida between NE 20th Street and NE 21s' Street, directly west of the FEC rail corridor. The Property is currently zoned T6-8-O with a General Commercial Future Land Use Designation, and is located within the boundaries of the Wynwood NRD-1 and the Omni CRA. 1 For purposes of this memorandum, we are assuming the development program is proceeding as "Attainable Mixed -Income Housing," as defined in Sec. 1.2 of Miami 21, with 10% of units qualifying as Extremely Low Income Housing, and shall qualify for incentives, inclusive of density bonuses, pursuant to the City's Attainable Mixed -Income Special Benefit Program, as set forth in Sec. 3.15 of Miami 21. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 56 Packet Pg. 75 WYNWOOD WORKS / Omni CRA RFP No. 992381 The following is an executive summary of applicable Land Use & Zoning, Attainable Housing, and Development Capacity related to the Property. Land Use & Zoning • The Property is designated on the future land use map as General Commercial, which permits a wide range of residential and non-residential uses with permitted density by Right up to 150 units per acre (and may be exceeded via the Affordable/Attainable Mixed -Income Housing Program). • The Property has a transect zone of T6-8-0 within the NRD-1 boundaries, which modifies and supplements typical zoning standards set forth in Miami 21. T6-8-0/NRD-1 permits a wide range of residential, commercial, and office uses by Right, including but not limited to multi -family apartments, work -live units, and retail establishments. Attainable Mixed -Income Housing • Attainable Mixed -Income Housing located within a TOD Area or a Transit Corridor qualifies for development incentives and relaxations, including parking reductions greater than generally available under T6-8/NRD-1 (35% reduction within a Transit Corridor), and density bonuses up to 50% (at 5% ELI) or up to 100% (at 10% ELI), pursuant to Sec. 3.15 of Miami 21. Assessment: The Project as presented proposed 10% of dwelling units at ELI and therefore qualifies for a density bonus up to 100%. Development Capacity • Based on the Lot Area of the Property and underlying density of 150 units/acre, the Property has a baseline allowable density of 66 dwelling units. Through the City's Attainable Mixed -Income Criteria, with 5% of the units qualifying as Extremely Low Income ("ELI"), the Project could include up to 99 dwelling units (50% density bonus); with 10% of units qualifying as ELI, the Project could include up to 132 dwelling units (100% density bonus).2 Assessment: The Concept Plan as presented includes 104 dwelling units, which complies with the applicable density regulations. • The Property can be developed as Attainable Mixed -Income Housing with a structure up to twelve (12) stories in height by Right, or to 125 feet without any restrictions on number of stories. The Concept Plan shows a structure up to 121 feet and 12 Stories. • Development within T6-8-0 within the NRD-1 boundaries is not subject to FLR restrictions on building intensity; rather intensity is regulated by a combination of setbacks, height, floorplate restrictions, open space requirements, and lot coverage ratio, and additional relevant standards. Assessment: The Concept Plan, as presented, proposes 169,962 square feet of Floor Area and complies with intensity standards, subject to a proposed 10% Waiver under Section 7.1.2.5 (28) for Lot Coverage, commonly utilized by projects in Wynwood. Parking • The Wynwood NRD-1 Parking Program is intended to provide flexibility to accommodate adaptive use and new development within the NRD-1 boundaries. Dwelling units generally require 1.5 spaces per unit; however, dwelling units at 650 square feet or less require only 1 space per unit. 2"Extremely Low Income Housing (ELI) shall mean "a Dwelling Unit, owner -occupied and/or rental housing with a purchase cost, value, or monthly rental, as applicable, equal to or less than the amounts established by the applicable standards for those individuals whose income is at or below 30 [%] of Area Median Income as published by the United States Department of Housing and Urban Development and certified by the Department of Community and Economic Development." Sec. 1.2, Miami 21. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 Page 12 57 Packet Pg. 76 WYNWOOD WORKS / Omni CRA RFP No. 992381 Work -Live Units require only 1 space per unit, plus 3 spaces per 1,000 square feet for that portion of a unit above 2,000 square feet. Commercial Uses require 3 spaces per 1,000 square feet. • On -street spaces are counted towards on -site parking; shared parking reductions are available to be applied to mixed -use buildings by Right pursuant to Section 4 of the NRD-1. • Attainable Mixed -Income Housing qualifies for a 35% reduction in parking requirements by Right.3 An additional reduction of 15% may be permitted by Warrant upon a showing that the reduction in off-street parking is justified in view of: nature of occupancy, economic circumstances, and such reduction unlikely to place undue burden on traffic and parking facilities in the neighborhood. • Finally, the Project may be eligible to satisfy required parking via payment of fees in lieu to the Wynwood Parking Trust Fund at $12,000 per space. Assessment: Based on the Concept Plan submitted for the Project, inclusive of the applicable shared use reduction and a 35% reduction by Right for Attainable Mixed - Income Housing, the Project is providing for 102 spaces on site, which exceeds the net parking requirement of 97 spaces. Waivers & Design Review Approvals • As with all new development within the NRD-1 boundaries, the Project will be required to be presented to the Wynwood Design Review Committee ("WDRC") prior to administrative approval of Waivers and/or Warrants contemplated under Miami 21 and issuance of a building permit, for design review of compatibility with the character of the neighborhood. II. PROPERTY DESCRIPTION The Property is comprised of three (3) tax folios, referenced as follows: 2037 N. Miami Avenue (01- 3125-000-0100) ("Parcel A"); 2035 N. Miami Avenue (01-3125-000-01300) ("Parcel B"); and 2043 N. Miami Avenue (01-3125-016-0400) ("Parcel C"). Aerial maps showing the location of the tax folios are attached as Exhibit B. According to Survey No. 03-6120 dated September 11, 2003 and prepared by Alvarez, Aiguesvives and Associates, Inc. (the "Survey"), the Property's total lot size for the three (3) folios is 19,294 square feet (.448 acres).4 The Property is entirely located within the boundaries of the NRD-1 and the Omni CRA. Parcel A is vacant land and, as the southern end of the Property, abuts a two (2) story building. Parcel B is improved with two (2) separate buildings: the structure on the east end of the folio is a one (1) story industrial warehouse building constructed in 1930, while the structure on the north end, also a one (1) story building constructed in 1930, formally operated as the Diana Lowenstein Gallery. The former gallery building straddles Parcels B and C. Parcel C comprises the north end of the Property and abuts a small surface parking lot. The Property has one (1) principal frontage to the west along N. Miami Avenue. The east side of the Property runs parallel to and abuts the FEC right of way. 3Since a pre -requisite of the Attainable Mixed -Income Housing Program is based on location within a N mile of a Transit Corridor, this 35% reduction is intended to replace the 30% TOD/Transit Corridor waiver permitted for development within 1/4 mile of a Transit Corridor or 1/2 mile of a TOD. 4 Note: The RFP, Page 6, references a combined lot area of 20,238 square feet. For purposes of this Memorandum, we are utilizing the more conservative calculation of lot area consistent with the Concept Plan and Survey. In event that the total lot area is greater, the Project could provide additional dwelling units beyond the maximum density identified herein. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 Page 13 58 Packet Pg. 77 WYNWOOD WORKS / Omni CRA RFP No. 992381 III. BASE BUILDING LINE Pursuant to Chapter 54, Article V, the City of Miami Code ("City Code") establishes the BBL to define public right of way widths and for purposes of redevelopment of private property. The BBL is measured as a distance from center line of the road. Standard width of public right of way is 50' with base building lines measuring 25' from the official center line, unless otherwise specifically identified in Section 54-190. In event the BBL is inside of the property line, this may impact net lot area calculations, application of setback requirements, and ultimately will require dedication into the right of way prior to building permit. From preliminary review of the Survey and as anticipated in the Concept Plan, there appears likely a 15' +/- right of way dedication from a portion of Parcel C along 100' of frontage on North Miami Avenue, as the Property line for Parcel C is shown with a dimension of 20' to official center line; whereas Parcel B and Parcel A show a dimension of 35' to official center line.' IV. FUTURE LAND USE DESIGNATION Pursuant to the City of Miami 2020 Future Land Use Map ("FLUM"), the Property has a future land use designation of General Commercial. The FLUM is attached as Exhibit C. According to the Miami Comprehensive Neighborhood Plan, as amended through December 14, 2017 ("MCNP"), the General Commercial future land use designation allows a wide range of commercial and residential uses by right, and a maximum density of 150 residential dwelling units per acre. Based on the Lot Area of the Property, the maximum number of residential units that could be permitted under the MCNP, without bonuses, is 66 units. The City's MCNP, as amended in 2017, permits additional density to facilitate affordable/attainable housing under qualifying criteria established through Miami 21 in urban areas of the City, including within the General Commercial future land use category. V. ZONING DESIGNATION AND EFFECT OF NRD-1 Pursuant to the Miami 21 Zoning Atlas ("Zoning Map"), the Property is zoned as T6-8-0, within the Wynwood NRD-1 Zoning Overlay. The Zoning Map is attached as Exhibit D. The NRD-1 was originally adopted by City Commission in 2015, and incorporated as Appendix J to Miami 21. Pursuant to Sec. 2.2 of Appendix J, "[t]he intent of the Neighborhood Revitalization District (NRD-1) is to establish a protective series of land development regulations to transition the ... Wynwood industrial District into an active, diverse, mixed -use Neighborhood." The NRD-1 functions to modify or supersede permitted uses and development standards otherwise generally applicable under Miami 21. Pursuant to Sec. 2.3 of Appendix J, where the NRD-1 regulations are silent on a particular zoning or development standard, the Miami 21 regulation for the underlying transect applies. VI. USES, DEVELOPMENT STANDARDS, ATTAINABLE HOUSING LEGISLATION & DEVELOPMENT CAPACITY OF PROPERTY a. T6-8-0/NRD-1 Standards Uses permitted at the Property are set forth in Appendix J, Section 4, Table 1 of Miami 21. A wide variety of uses including residential, hotel, art gallery, general commercial (including retail and restaurant), and office are permitted by right at the Property. General development standards for the Property are primarily contained in Appendix J, Section 5 of Miami 21 as supplemented by Article 5.6 of Miami 21 for properties within the T6-8-0 transect zone. Notably, in the NRD-1, the minimum setback requirement from North Miami Avenue is 5'; there is no applicable FLR ratio restricting maximum floor area; floorplate restrictions above the 8th story are less 5 The City's Public Works Department will need to verify the exact dimensions of any required right of way dedication prior to building permit. Note this Memorandum does not address the applicability of subdivision and platting requirements pursuant to Chapter 55 of the City Code. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 Page 14 59 Packet Pg. 78 WYNWOOD WORKS / Omni CRA RFP No. 992381 restrictive than under Miami 21. Compliance with Bonus Height criteria for achieving floor area above the 8th Story is through the Wynwood NRD-1 Public Benefits Program as set forth in Appendix J, Section 3. Affordable Housing is specified as one of the stated public benefits considered within the NRD-1 Public Benefits Program. b. Section 3.15, Miami 21, Affordable & Attainable Mixed -Income Housing Special Benefit Program Supplemental Regulations' Based on the Concept Plan, Magellan proposes to redevelop the Property as an Attainable Mixed - Income Housing project. Because the the Property is not located abutting a T3 Zone, the following development incentives in Section 3.15 of Miami 21 will also apply. A copy of Section 3.15 of Miami 21 is attached as Exhibit E. i. Pre -Requisites to Qualify There are several pre -requisites the City of Miami identifies to qualify for participation in the attainable housing program incentives. For purposes of this analysis, the City's annual median income is $52,300. See Exhibit F. Development Mix Transit Corridor/ Transit Oriented Development Covenant Affordable & City certifies Development will proposed Development must 30 year -covenant Attainable Mixed- provide minimum of 40% of be located within 1/4 mile required, with two Income Dwelling Units as Affordable from a Transit Corridor or automatic 10-year Housing serving residents at or below 60% of AMI and remainder of Dwelling Units as Workforce located within a TOD Area' extension Housing -OR- City certifies Development will provide minimum of 20% of Dwelling Units as Affordable Housing serving residents at or below 50% of AMI and remainder of Dwelling Units as Workforce Housing ii. Summary of Benefits8 The benefits outlined below are allowed in T4, T5, T6, and CI -HD pursuant to a Warrant: • Height flexibilities: o T5: Maximum building height of 75 feet with no limitation on the number of Stories; o T6-8: Maximum building height of 125 feet with no limitation on the number of Stories; and o T6-12: Maximum building height of 240 feet with no limitation on the number of Stories. • Parking can extend into the second layer with screening reviewed by Waiver with referral to Planning Department. 6 Pending before the City of Miami as of the date of this memorandum are proposed amendments to the Attainable Housing Legislation which, among other things, allow for a maximum of 10% of the development's Dwelling units to be offered at market rate. The proposed amendments also establish the minimum size for a 1-bedroom unit at 500 square feet and for a 2-bedroom at 600 square feet. The proposed amendments are not contemplated as part of this analysis. ' Based on most recent maps available from City's Planning Department, the Property is located within a 1/4 mile from a Transit Corridor; it is not currently located within a TOD Area. 8 See Sec. 3.15.4 — 5, Miami 21. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 494803g6;2 60 Page l5 Packet Pg. 79 WYNWOOD WORKS / Omni CRA RFP No. 992381 • Cross -block passages will not be required. • Developments abutting two (2) or more Thoroughfares shall have only one (1) Principal Frontage. • Development shall not be subject to the minimum Principal Frontage Line requirement. • No maximum Lot Area requirements. • Developments in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1(h) and 5.6.2(b). (Building spacing above the 8th Story/Floorplate length and area restrictions).9 • Setback requirements above the eighth floor may be modified for Developments in T6 Zones. • Parking reductions up to 80%. iii. Density Bonuses Attainable Mixed -Income Housing Bonuses' Minimum of 10% of Dwelling Units = Extremely Low Income 1 additional Unit of Density per Attainable -Workforce Housing unit provided Minimum of 5% of Dwelling Units = Extremely Low Income 1/2 additional Unit of Density per Attainable - Workforce Housing unit provided The above chart demonstrates how density may be increased either by 50% or 100% of the underlying maximum density of 150 units/acre. As applied to the Property, this would allow for a base density of 66 dwelling units to be increased upwards of 132 dwelling units. c. Development Capacity The following is a summary of key development standards for properties designated T-6-8 and an assessment of development capacity under the NRD-1 and Section 3.15 as applied to the Property: Lot Occupation Code / Miami 21 & NRD-1 Attainable Housing Legislation Max Development Capacity [proposed] Lot Area 5,000 sq. ft. min. 40,000 sq. ft. max. 5,000 sq. ft. min. No max. requirement 19,294 sq ft. / 17,810 sq ft.11 Lot Width 50 sq. ft. min. 50 sq. ft. min. Approx. 222.5 sq. ft. Lot Coverage 1— 8 Stories Above 8th Story 80% max. (88% with 10% Waiver) 18,000 sq. ft. max. Floorplate for Residential & Lodging 30,000 sq. ft. max. Floorplate for Office & Commercial 80% max. (88% with 10% waiver) Exempt @80% = 14,248 sq. ft. @88% = 15,673 sq. ft. [Project proposes 12,927sq. ft. / floor] FLR N/A N/A N/A Frontage at Front Setback 70% minimum May be modified @70% = 155.79 ft. [Project proposes 217 ft.] Open Space 10% Lot Area minimum 10% Lot Area minimum Min 1,781 sq. ft. [Project proposes 2, 000 sq ft] 9In the NRD-1, AppendixJ, Section 5.2.b, above the eighth floor, for Residential Uses contemplated in the Concept Plan, the Building Floorplate dimensions are limited to 18,000 square feet with a maximum length of 180 feet. To the extent the Project may implicate either of these maximum dimensions, they can be waived through the Attainable Mixed -Income Housing incentives under Section 3.15. 10 See Sec. 3.15.6, Miami 21. 11 Net Lot Area after anticipated dedications into the right of way. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 61 Page l6 Packet Pg. 80 1.1.b WYNWOOD WORKS / Omni CRA RFP No. 992381 Density 150 dwelling units/acre 300 hotel rooms/acre 150 dwelling units/acre + If Min 10% of 1 additional Dwelling Units Unit of Density = ELI per Attainable - Workforce Housing unit provided If Min 5% of 1/2 additional Dwelling Units Unit of Density = ELI per Attainable - Workforce Housing unit provided 68 dwelling units [Project proposes 104 Units] 136 dwelling units 102 dwelling units Building Setback Principal Front (N. Miami Ave.) 5 ft. min.; 15 ft. min. above 8th Story [5' min due to width of N Mia ROW exceeding 70'] 5 ft. min.; 15 ft. min. above 8th Story [May be waived] [Project proposes 5 ft.] Secondary Front (N/A likely) 5 ft. min.; 15 ft. min. above 8th Story 5 ft. min.; 15 ft. min. above 8th Story [May be waived] n/a Side (North) 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 11 inches; 10 ft. above 8th Story] Rear 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 1 ft. and 10 ft. above 8th Story] Side (Sorth) 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 3 ft. and 10 ft. above 8th Story] Building Height Min. Height 2 Stories 2 Stories Max. Height 8 Stories Maximum building height of 125 feet with no limitation on the number of Stories [Project proposes building height of 121 ft. with 12 Stories] Max. Benefit Height 12 Stories *4 Stories Abutting All Transect Zones except T3 Maximum building height of 125 feet with no limitation on the number of Stories 1 Parking12 Residential Min. of 1.5 parking spaces per Dwelling Unit on -site or off -site within a Parking Structure; 1 parking space per Dwelling Unit on- site or off -site within a Parking Structure and provide payment -in- lieu of remaining %2 space Min. of 1 parking space for Dwelling Unit 650 SF or less on -site or off -site within a Parking Structure Min. of 1 additional visitor parking space for every 10 Dwelling Units Parking reductions up to 80% as follows: - 35% reduction in required parking permitted by Right. - Within a TOD, additional reduction of 15% of required parking permitted by Right and additional reduction of 15% of required parking permitted for Attainable Mixed -Income Housing Projects by Waiver. - Additional reduction of up to 15% of required parking may be permitted by Warrant, upon showing that reduction in off-street parking is justified by 12 Miami 21 allows for 30% parking reduction for sites within a %-mile radius of a TOD or %-mile radius of a Transit Corridor. See Appendix J, Table 2, Miami 21. However, Section 3.15.5(b) only provides the 30% parking reduction for sites within a %-mile radius of a TOD. While the Property is located within a 1/4-mile of a Transit Corridor, it is not within a %2-mile radius of a TOD. For additional information regarding parking and loading requirements, see Appendix J, Tables 2 and 3 of Miami 21. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 62 Page 17 Packet Pg. 81 1.1.b WYNWOOD WORKS / Omni CRA RFP No. 992381 nature and type of prospective occupancy and economic circumstances involved, and that impacts from reduction not likely to unduly burden traffic and parking facilities. Commercial Minimum of 3 parking spaces for Minimum of 3 parking spaces for every every 1,000 sq. ft. of commercial use 1,000 sq. ft. of commercial use on -site on -site or off -site within a Parking or off -site within a Parking Structure Structure 2 parking spaces per 1,000 SF of office 2 parking spaces per 1,000 SF of use on -site or off -site within a Parking office use on -site or off -site within a Structure and provide payment -in -lieu Parking Structure and provide payment -in -lieu of remaining 1 space of remaining 1 space d. Parking and Loading Standards The Wynwood NRD-1 Parking Program is intended to provide flexibility to accommodate adaptive use and new development within the NRD-1 boundaries. Dwelling units generally require 1.5 spaces per unit; however, dwelling units at 650 square feet or less require only 1 space per unit. Work -Live Units require only 1 space per unit, plus 3 spaces per 1,000 square feet for that portion of a unit above 2,000 square feet. Commercial Uses require 3 spaces per 1,000 square feet. On -street spaces are counted towards on -site parking; shared parking reductions are available to be applied to mixed -use buildings by Right pursuant to Section 4, Table 3 of Appendix J. Typically, the Property being within the NRD-1 would allow for up to 30% Transit Corridor Waiver from standard parking requirements. Attainable Mixed -Income Housing qualifies for a 35% reduction in parking requirements by Right.13 An additional reduction of 15% may be permitted by Warrant upon a showing that the reduction in off-street parking is justified in view of: nature of occupancy, economic circumstances, and such reduction unlikely to place undue burden on traffic and parking facilities in the neighborhood. Additionally, development within the NRD-1 boundaries may be eligible to satisfy required parking via payment of fees in lieu to the Wynwood Parking Trust Fund at $12,000 per space, as provided in Section 3.1.1 and as identified in the chart within Section 4, Table 2.14 Based on the Concept Plan submitted for the Project, inclusive of the applicable shared use reduction and a 35% reduction by Right for Attainable Mixed -Income Housing, the Project is providing for 102 spaces on site, which exceeds the net parking requirement of 97 spaces. Loading berth standards and criteria are set forth in the NRD-1 and are more flexible than typical standards required in Miami 21. See Section 3.1.2 and Section 4, Table 3 of AppendixJ. Notably, residential uses greater than 50,000 square feet require 1 loading berth (at 420 sq ft) for the first 100 units; 1 loading berth (at 200 sq ft) per each additional 100 units or fraction thereof. Commercial and office uses (combined for purposes of loading) require 1 loading berth (at 420 sq ft) between 50,000 and 100,000 square feet. Based on the Concept Plan, 1 loading berth at 420 sq ft. and 1 loading berth at 200 sq ft. are required for the Project. The Concept Plan is providing for three (3) loading berths: a substitution of two (2) at 200 sq 13Since a pre -requisite of the Attainable Mixed -Income Housing Program is based on location within a 1/4 mile of a Transit Corridor, this 35% reduction is intended to replace the 30% TOD/Transit Corridor waiver permitted for development within 1/4 mile of a Transit Corridor or 1/2 mile of a TOD. 14 The amount of $12,000 per space is the current price as set forth in Chapter 35 of the City Code. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 Page 18 63 Packet Pg. 82 WYNWOOD WORKS / Omni CRA RFP No. 992381 ft for the 1 loading berth required at 420 sq ft, and an additional 1 loading berth at 200 sq ft, which is authorized pursuant to Section 4, Table 3. VII. ZONING APPROVAL PROCESS The Project will require specific zoning approvals from the City under Miami 21 as a prerequisite to obtaining building permits for development. Based on the Concept Plan, the Project is anticipated to require administrative Waivers under the NRD-1 Under Section 3.15, most flexibilities will require that the Project be approved through a Warrant application. Additionally, there may be Waivers triggered based on the evolution of the site plan, including as it currently appears for parking in the 2nd layer. Additional review will be required to determine all Waivers and Warrants triggered before application submittal. Where Development includes an application for one or more Warrant and Waiver, pursuant to Article 7 of Miami 21, the Waivers would become incorporated as part of a Warrant application and to be approved in the form of a "Warrant Final Decision." The Warrant Final Decision is a Special Permit — an administrative approval granted by the City's Planning and Zoning Director after review by staff, upon recommendation by the WDRC, and requires public notice to abutting properties and any organizations or individuals identified on the City's NET List for Wynwood. Pursuant to Article 7.1.2.4, of Miami 21, Waivers and Warrants are subject to appeal by an aggrieved party within fifteen (15) days of the posting of the notice of intended decision, which would be scheduled for a public hearing by the Planning, Zoning, and Appeals Board ("PZAB"). Any appeal taken from the PZAB is to City Commission for a final decision. VIII. WYNWOOD DESIGN REVIEW COMMITTEE Pursuant to the NRD-1, Appendix J of Miami 21, new construction projects and improvements to properties within the NRD-1 boundaries shall be reviewed by the WDRC for design review for compatibility with the cultural and architectural character of the Wynwood Arts District and guidelines that may be adopted from time to time. The WDRC is a design advisory board that makes recommendations to the Planning Department. Projects greater than 200,000 square feet are also subject to review by the Urban Development Review Board (UDRB). All newly constructed projects must include an art or glass treatment along primary and secondary frontages, the design of which must be approved by the City's Planning Director, with recommendation of the WDRC. Parking in the 2nd layer above the ground floor also requires an art, glass or architectural treatment for 100% of that portion of the facade, to be approved by the Planning Director upon recommendation by the WDRC. In addition, the WDRC Building Facade Art Guidelines and Recommendations, although not prescriptive in effect, are intended to act as guidelines for applicants. See attached as Exhibit G. The WDRC evaluates presentations from applicants for compatibility with the character of the neighborhood and makes recommendations for approval, approval with conditions, or denial. Artistic interventions can take many forms; the committee will often take into consideration its location in the context of the neighborhood and surrounding properties, function of the building, and generally will appreciate any creative approaches and site -specific interventions that are consistent with the types of art medium, materials, textures, and craftsmanship exhibited currently in the neighborhood or that reflect architecture as art in a way that draws on inspiration from the neighborhood. Based on the Concept Plan, the Project is proposed to include 169,692 square feet of floor area, and thus the Project would not be anticipated to be subject to review by UDRB. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 64 Page 19 Packet Pg. 83 WYNWOOD WORKS / Omni CRA RFP No. 992381 IX. DISCLOSURES AND ADDITIONAL CONSIDERATIONS This memorandum is limited in scope and expressly limited to the matters stated herein as of the date identified above and for the intended purpose of addressing criteria as set forth in the RFP. No conclusions are to be inferred or implied beyond the information expressly stated in this analysis. There are other factors, laws and regulations, that could affect the use and redevelopment of the Property not addressed herein that may require additional technical expertise, including but not limited to: capacity of existing water and sewer infrastructure, status of stormwater and drainage conditions, building, life safety code and other similar statutes, laws, ordinances, codes or regulations. This memorandum does not address any laws or regulations governing noise, air, water, or other pollution, any environmental issues, or whether any permits, licenses or approvals need to be obtained with respect thereto. Finally, we have not conducted a review of title to the Property and this memorandum does not address any matters of title including, but not limited to, the priority of liens, private agreements or covenants, other property encumbrances, or the adequacy of the referenced survey or legal description of the Property. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 Page 1 10 65 Packet Pg. 84 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT A Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 66 Packet Pg. 85 7500 NE 4`h Court Studio 103 Miami, FL 33138 M‘LLAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 67 2035 NORTH MIAMI AVENUE, MIAMI , FLORIDA -(,IIFST FOR PROPOSAL #99238 1 MNI CRA COVER A0.00 CALE Packet Pg. 86 rZEI1EMTiiL5Y7:l:TaY=71Y . :Lk7.GT.i7 IF.TC1/lR i�A��L77:F.1:R77R1GiIR7 7yi:T:S'kT:TiIl�F.1'SI; KWH MECHANICAL SWINGS 7500 NE 4°i Court Studio 103 Miami, FL 33138 THERE WERE PLEN'IY OF OPPORTUNITIES FOR WORKING CIA.SS PEOPLE 10 BO1'H WORK AND LIVE IN THE WYNWOOD NEIGHBORHOOD DURING ITS FARM' 1c\RS.LFTS KEEP IT "I1i15 \\'.1Y. M/'GaAN HOUSING • WYNVV w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 68 r•_ 7S% E r ] Sox AFFORDABILITYFROM I'T'1"O3"^DI(;I I \I ICI \I)I.I71 ON & CHOOSE WHERE YOU BELONG. ACG TNIIG WORKFORGE WORKING DIFFERENT OFMM.pN FLEXIBILITY rTL}k;1L WORK AND PLAY ISTHE WAY. GRDRSN'E PEN. REQUIPRODUCTIONAWY. AS NFTWOMING MD MEETINGS COWORXINGAMINFT. LOCATED AND MUT WTNWOOD LOCALS. CREATIVITY JUST LET IT IN. MNWOODWAS CREATED sr Awns Ante REFFS BACK TOT. STREELEWIS TWISE SDTHEYWOWEDIXRD DOWP ATTHEY DO MT WI I.VT DOES .\N.\('I IRO\'ISM MEAN TO SVYN\VC)OD' FIG.82 GIAZED EXTERIOR SI THEMES h #3 WYNWOOD REVIV:\I AMERICAN BAKU,. 1.1.b OHM CO 00 M 01 O. Ce C O 2 4 \ACFIRONISM ° -O ANACHRONISM -JUXTAPOSITION OFA LONGING OR HOMAGE TO' OLDER FACTORY- DRIVEN TIMES TO CURRENT DIGITAL AGE. THETHIRD (DIGITAL) REVOLUTION IS CHARACTERIZED BY THE INTERACTION OF PEC = WITH ART SPACES. THE THIRD INDUSTRIAL OR DIGITAL REVOLUTION UBERATED 01 CREATIVE MIN DSASTHERE IS MORE FLEXIBLITYIN FABRICATION DUETOTECHNOLOGI LEAP THANKS TO THE ARTISTS LOOKING FOR AFFORDABKE LIVING AND WORK SF WYNWOOD BECAME MELTING POT OF CULTURES, !DEMAND TALENT. ME COLA -COLA BOTTUHG PLANTAT 2 ANDREW INMEMNTYWIWWINERAIDA L BBIHW iBTH STREET wwrMWOOD 1M CURRANT. WYNWOOD a WOD 0 WYH� o es, N #2 FROM I ]AND GRAI'I'E:D'IY) MANI TACIT 'RED r IN THE 1940S, WYNWOOD WITNESSED A DEMOGRAPHIC VOID DUE TO THE WAR, 0) WAS RAPIDLY FILLED WITH HUNDREDS OF JEWISH. KOREAN AND LATIN IMMIGRA WORKING IN GARMENT SWEATSHOPS. BY THE I9705. THERE WAS 55% UNEMPLOYM 0 AND HIGH RATE OF CRIME WHICH MADE THEIR LIVES OF HARDWORKING LOV W MIDDLE CLASS IMPOSSIBLE re GO co n 01 UNPRECEDENTED ED INNOVA'I') IN MIAMLAS IN OTHER CITIES. THE INDUSTRIAL REVOLUTION LEDTOA SIGNIFIC RISE IN THE RATE OF URBAN POPULATION GROWTH FUELED BY FACT RECRUITN ARCHITECTURAL LANGUAGE A0.01 CALE Packet Pg. 87 7500 NE 4,, Co, Scudio 103 Miami, FL 33138 M H o LLAN HOUSING AVYNW W DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 69 RENDERING A0.02 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 88 7500 NE 4`h Court Studio 103 Miami, FL 33138 MP'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 70 RENDERING FACING NORTHEAST AT AMENITIES DECK A0.03 1.1.b CALE Packet Pg. 89 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) SECTION PROJECT INFORMATION PROJECT NAME PROJECT ADDRESS ZONING: LOT AREA: WYNWOOD WORKS 2035 NORTH MIAMI AVENUE, MIAMI FL 33127 T6-8 0, NRD-I Wynwood 19,294 SF BEFORE DEDICATION (0.44 ACRES) 17,810 SF (0.41 ACRES) AFTER DEDICATION I SITE REQUIREMENTS SITE REQUIREMENTS REQUIRED PROVIDED A. LOT AREA B. LOT WIDTH C. LOT COVERAGE D. FLOOR LOT RATIO-FLR E. FRONTAGE AT FRONT SETBACK F. OPEN SPACE REQUIREMENT G. DENSITY 5,000 SF MIN; 40,000 SF MAX 50 FT MIN STORIES I-8, 80% OF LOT MAX = 17,810 SF *.8 = 14,248 SF ABOVE THE 8TH FLOOR: 15,000SF N/A 70% MIN. 222.57 FT * 70%= 155.79 FT 10% LOT AREA MIN. 17,810 SF * 10%= 1,781 SF 150 DU/ACRE MAX UNIT/ACRE MAX 0.44 ACRE X 150 RESIDENTIAL = 66 UNITS 17,810 SF 222.57' (WAIVER REQ.) 15,400 SF (86%) 12,927 SF 169,962 217'4' FT 2000 SF 104 UNITS** .INCREASE IN DENSITY THROUGH ATTAINABLE MIXED -INCOME HOUSING ORDINANCE 2 BUILDING SETBACK SETBACKS ALLOWED/REQUIRED PROVIDED A. PRINCIPAL FRONT (WEST / NORTH MIAMI AVE) B. SIDE (NORTH) C. REAR (EAST) D. SIDE (SOUTH) 1-7TM STORY: 5'-0" / ABOVE 8' STORY: 5'-0" I -7TM STORY: 0'-0" / ABOVE 8' STORY: 10'-0" I -7TM STORY: 0'-0" / ABOVE 8' STORY: 10'-0" I -7TM STORY: O'-0" / ABOVE 8' STORY: 10'-0" 5'-0" / 5'-0" 11" / 10,0" 1'-0" / 10'-0" 3'-0" / 10'-0" *'*OR AS MODIFIED WITHIN WYNWOOD NRD-I STREET MASTER PLAN BUILDING HEIGHT HEIGHT ALLOWED/REQUIRED PROVIDED A. MIN HEIGHT B. MAX HEIGHT C. MAX BENEFIT HEIGHT 2 STORIES 8 STORIES 4 STORIES ABUTTING ALL TRANSECT ZONES EXCEPT T3 12 STORIES 3 NRD-I PARKING REQUIREMENTS PARKING SPACE/UNIT PARKING RATE REQUIRED PROPOSED A. DWEWNG UNIT 650 SF OR LESS B. DWEWNG UNIT GREATER THAN 650 SF C. VISITOR SPACES D. COMMERCIAL E. PARKING REQUIRED F. ATTAINABLE HOUSING PROGRAM PARKING REDUCTOOF G. TOTAL PARKING REQUIRED H. PURCHASED SPACES TOTAL MIN I P.S. PER UNIT MIN 1.5 P.S. PER UNIT 1 P.S. PER 10 UNITS 3 P.S. PER 1,000SF *1.2 SHARED PARKING FACTOR 35% REDUCTION 1 P.S. X 67 UNITS = 67 P.S. 1.5 P.S. X 37 UNITS = 56 P.S. 104 UNITS* I P.S. PER 10 UNITS=IO P.S. 6,751 SF * 3 P.S./I,000SF = 20.2 P.S.; 20.2 P.S. / 1.2 SHARE PARKING FACTOR=16.8 P.S. RESIDENTIAL 133 P.S.+COMMERCIAL 16.8 P.S. = 149.8 P.S. 149.8 P.S.* 0.65 = 97.37 P.S. 97.37 P.S. 56 102 102 0 BICYCLE RATE REQUIRED PROPOSED F. BICYCLE I BICYCLE RACK PER 20 P.S. 8 18 LOADING BERTH REQUIRED PROPOSED G. RESIDENTIAL H. OFFICE/COMMERCIAL FROM 25,000SF TO 500,000SF 420 SF I PER 300 ROOMS 240 SF I PER 100 ROOMS FROM 25,000 SF TP 500.000 SF (I) I2X35 (1) 10 X 20 2(10X20) (1) 10X 20 4 WAIVERS REQUIRED REQUIRED PROPOSED ZONING CODE A. PARKING DEDUCTION 7500 NE 4' Court Studio 103 Miami, FL 33138 MP'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 71 1.1.b INDEX DRAWING NAME A0.00 COVER SHEET A0.01 ARCHITECTURAL LANGUAGE A0.02 RENDERING A0.03 RENDERING A0.04 INDEX AND DATA SURVEY A0.05 LOCATION PLAN AI.00 LEVEL I GROUND FLOOR PLAN AI.01 LEVEL2 PARKING FLOOR PLAN AI.02 LEVELS 3-4 PARKING FLOOR PLAN AI.03 LEVEL 5 PARKING BOOR PLAN A1.04 LEVEL 6 AMENITIES - PUBUC SPACE FLOOR PLAN A1.05 LEVELS 7-12 TYPICAL UNIT FLOOR PLAN AREA CALCUALTIONS FLOORS FAR (SF) A. LEVEL I 15,t B. LEVEL 2 15,E C. LEVEL 3 15,t D. LEVEL 4 15,i E. LEVEL 5 15,i 5 F. LEVEL 6 15,2 G. LEVEL 7 12,5 H. LEVEL 8 12,5 I. LEVEL 9 12,t J. LEVEL 10 12,5 K. LEVEL I 1 12,5 L LEVEL 12 12,t P. TOTAL 169,5 UNIT TYPE STUDIO 1 BEDROOMS 2 BEDROOMS 6 3 BEDROOMS WORK-UVE 1BDR WORK-UVE 3BDR ARTIST STUDIO TOTAL 1 INDEX AND DATA A0.04 CALE Packet Pg. 90 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 1.1.b 1_2 LIGHT STORY RETAILTI GALLERY INDUSTRIAL RETAIL BACK-OF-HOUSE SERV. CORRIDOR RETAIL NORTH MIAMI AVENUE Amp.Ey.— FLOR/DA EAST COAST RAILWAY ESIDENTIAL LOB FR BACK B'"Ir R'r7313L)// PRCWER41 UNE EXISTIN 100i0. RETAIL 2 STORY RET/ E I'ur' 7500 N C S"dis 103 i, FL33 138 -LLAN M HOUSING‘r-c DATTAINABLE HOUSING North mi7id 72.vc 2035 „r„„ii A MIXED-INCOM nue SITE PLAN /Allk A0.05 JENNIFER NI,CONN, FLORIDA LICY Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 91 Ipx20' LOADING SIDE SETBACK 10'-0" ABOVE 8TH STORY RETAIL 1,963SF MC - 7500 NE 4`"Court V studio 103 Miami, FL 33138 ARCHITECTURE M �G�LLAN HOUSING • • • SWITCH- G EAR REgR SETBACK /0 _ 200 SF GENERATOR — 400 SF SERV. CORRIDOR RETAIL 3,968 SF DO1 STORYI DOM. PUMP 220 SF FRONT DESK FRC��--- 1 ,—'—'— PROPERTY LINE (BBL) 222.57' PROPERTY LINE (BBL) it DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 73 __ EXISTING PROPER Y LINE 100.0' LEVEL I PLAN A I.00 ,S0'ES 3NI1 A1213dO H 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 92 J 1;1. PROPERTY LINE (BBL) 222.57' 23 PARKING SPACES TOTAL 1 ADA, &J TANDE ) PROPERTYUNE(BBL) 0 -0 v cG 7500 NE 4°i Court Studio 103 Miami, FL 33138 M�'G�LL/�N HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miam Avenue Miami, Flor da 74 EXISTING PROPERTY LINE 100.0' LEVEL 2 PLAN AI.01 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 93 ,5017S 3NI1 A1213dObd G 7500 NE Courc audio 103 Miami, FL 33138 M�‘IL AN HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 75 EXISTING PROPERTY LINE 100.0' LEVELS 3-4 PLAN AI g2 1.1.b cALE 94 Packet Pg. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) ,5017S 3NI1 A1213dObd cG 7500 NE 4 Court Studio 103 Miami, FL 33138 M�' I LAN HOUSING DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 76 EXISTING PROPERTY LINE 100.0' LEVEL 5 PLAN AI.03 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 95 N1--"`r- (eft'•...ft, ICI j WORK OUT AREA OMEN BATHROOMS MEN BATHROOMS WORKING STATIONS (744 SF) TUTORIAL ROO DINING ROOM (819 SF) WORK PLPY COMMUNITY WORKROOM (1,058 SF) VIEW TO RAILWAY REAR SE7-8ACK 0 O� 0 ING PONG ( 9 0 1/4 WORK/LIVE I -BED (645 SF) ELEV. LOBBY (308 SF) TERRACE GARDEN (4,661 SF) SWINGS SET(12) _ FRONT SETBACK 5'-0" PROPERTY LINE (BBL) 222.57 PROPERTNE (BBL) APARTMENTS LOBBY WORK/LIVE 3-BED (1020 SF) AKOlS H18 3AO9V 0 01 )0Y913 ,5017S 3NI1A1N3dObd 7500 NE 4°i Court Studio 103 Miami, FL 33138 MF'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 77 EXISTING PROPERTY LINE 100.0' AMENITIES LEVEL 6 PLAN A I.04 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) ALE Packet Pg. 96 71. A ooCo • T 10'-4" H18 3AO9`d „0 0 z H 3-BED (1150 SF) STUDIO (425 SF) STUDIO (425 SF) •�. • • �•• • STUDIO (500 SF) I -BED (764 SF) STUDIO (440 SF) 2-BED (650 SF) •�. I -BED (550 SF) 1-BED (550 SF) I -BED (865 SF) I -BED (865 SF) STUDIO (456 SF) STUDIO (405 SF) I -BED (550 SF) ARTIST STUDIO (713 SF) FRONT SETBALK 5'-0" PROPERTY LINE (BBL) 222.57•• -- PROPERT NE (BBL) 2-BED (767 SF) ,5017S 3NI1 A1213dObd 7500 NE 4`h Court Studio 103 Miami, FL 33138 MF'GaAN HOUSING WYNW w DATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 78 EXISTING PROPERTY LINE 100.0' LEVELS 7-12 PLAN A I.05 1.1.b Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) CALE Packet Pg. 97 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT B Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 79 Packet Pg. 98 City of Miami Planning and Zoning 2037 N. Miam 1.1.b June 13, 2018 1:1,128 0 50 100 1 1 r r r r tI 0 15 30 60 m 200 ft City of Miami, Inform at ion Technology Department, GIS Team ©2017 © 2018 Microsoft Corporatbn © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 80 City of M Packet Pg. 99 City of Miami Planning and Zoning 2035 N. Miami 1.1.b June 13, 2018 1:1,128 0 50 100 1 1 r r r r tI 0 15 30 60 m 200 ft City of Miami, Inform at ion Technology Department, GIS Team ©2017 © 2018 Microsoft Corporatbn © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 81 City of M Packet Pg. 100 City of Miami Planning and Zoning 2043 N. Miami Al 1.1.b June 13, 2018 1:1,128 0 50 100 1 1 r r r r tI 0 15 30 60 m 200 ft City of Miami, Inform at ion Technology Department, GIS Team ©2017 © 2018 Microsoft Corporatbn © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 82 City of M Packet Pg. 101 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT C Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 83 Packet Pg. 102 City of Miami Planning and Zoning 1.1.b June 13,2018 1:1,128 0 50 100 1 1 0 15 30 60 m 200 ft © 2018 Microsoft Corporatbn © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 84 City of M Packet Pg. 103 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT D Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 85 Packet Pg. 104 City of Miami Planning and Zoning 1.1.b June 13, 2018 1:2,257 0 105 210 420 it r 1 i i I I I 0 30 60 120 m (c) 2015 City of Miami. ITD, GI S Team © 2018 Microsoft Corporatbn © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 86 City of M Packet Pg. 105 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT E Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 87 Packet Pg. 106 MIAMI 21 ARTICLE 3. GENERAL TO AS ADOPTED - JANUARY 2018 c. Historic Preservation. Bonus Floor Area to the maximum bonus Height and FLR as described in Section 3.14.1 shall be allowed for additional square footage qualified under the city Transfer of Development Rights program established in Chapter 23, City Code. d. Green Building. In a T6 zone, additional Height and FLR shall be allowed for Buildings certified by the U.S. Green Building Council as follows: 1. Silver: For Buildings under 50,000 sf, 2.0% of the floor lot ratio (FLR) 2. Gold: 4.0% of the Floor Lot Ratio (FLR) 3. Platinum: 13.0% of the Floor Lot Ratio (FLR) Note: Standards equivalent to the USGBC, as adopted by the City, may alternatively apply. If at the time the first Certificate of Occupancy is issued for the Building that received a public benefits bonus for a Green Building, the anticipated LEED certification has not been achieved, then the owner shall post a performance bond in a form acceptable to the City of Miami. The performance bond shall be determined based on the value of land per square foot of Building in the area of the City in which the proposed project is located, which may be adjusted from time to time based on market conditions. The methodology for determining the value of land per square foot of Building shall be maintained in the Planning Department. The City will draw down on the bond funds if LEED certification has not been achieved and accepted by the City within one year of the City issuance of the Certificate of Occupancy for the Building. Funds that become available to the City from the forfeiture of the performance bond shall be placed in the Miami 21 Public Benefits Trust Fund established by this Code. e. Brownfields. One additional Story of Height shall be permitted for redevelopment on a Brownfield Site as defined herein. f. Civic Space Types and Civil Support Uses. For a development project in a T6 zone that donates a Civic Space Types or Civil Support Uses on site to the City of Miami, an additional two square feet of area for each square foot of donated space or use, up to the bonus Height and FLR, shall be allowed. 3.14.5 No Building permit shall be issued for bonus Height and FLR until the Zoning Administrator has certi- fied compliance with the provisions of this section, upon referral and assurance of compliance from applicable departments. Certification shall be made only after a certified check has been deposited and cleared to the Miami 21 Public Benefits Trust Fund or, for non cash contributions, a binding com- mitment has been approved by the City Manager. The cash contribution shall be nonrefundable. 3.15 AFFORDABLE AND ATTAINABLE MIXED -INCOME HOUSING SPECIAL BENEFIT PROGRAM SUPPLEMENTAL REGULATIONS The intent of the Affordable Housing special benefit program established in this section is to facilitate the development of high quality Affordable Housing in the City by providing development incentives, including, but not limited to, modifications of architectural/design standards and parking reductions. 3.15.1 As a pre -requisite to qualify as an Affordable Housing Development eligible for any of the special benefits described in Section 3.15, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the pro- 88 111.34 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 107 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO posed Development will provide a minimum of eighty percent (80%) of the Dwelling Units (Multi -family or Elderly) as Affordable Housing serving residents at or below sixty percent (60%) of the area median income (AMI) as published by the United States Department of Housing and Urban Development annually; or that the proposed Development is a mixed -in- come building providing at least forty percent (40%) of the units as Affordable Housing serving residents at or below sixty percent (60%) of AMI or providing at least twenty percent (20%) of the units as Affordable Housing serving residents at or below fifty percent (50%) of AMI, is not restricted to elderly residents, and is located within a Residential Density Increase Area as set forth in Article 4, Diagram 9 of the Miami 21 Code; b. A recorded covenant running with the land acceptable to the City of Miami, confirming the property will meet the criteria in subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a final Certificate of Occupancy 3.15.2 As a pre -requisite to qualify as an Attainable Mixed -Income Housing Development eligible for any of the special benefits described in Section 3.15, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of forty percent (40%) of the Dwelling Units as Affordable Housing serving residents at or below sixty percent (60%) ofAMI and the remainder of the Dwelling Units as Workforce Housing; or certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of twenty percent (20%) of the Dwelling Units as Affordable Housing serving residents at or below fifty percent (50%) ofAMI and the remainder of the Dwelling Units as Workforce Housing. b. Verification that the proposed Development is within a quarter ('/4) mile of a Transit Corridor, or a half (1/) mile of a TOD. c. A recorded covenant running with the land acceptable to the City of Miami, confirming the property will meet the criteria in subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a final Certificate of Occupancy, with two (2) automatic ten (10) year extensions that may be released by a vote of the City Commission. 3.15.3 Affordable and Attainable Mixed -Income Housing Developments that abut a T3 Zone are not eligible for the provisions in Section 3.15. Affordable and Attainable Mixed -Income Housing Developments that abut a T4 Zone shall require a Warrant for consideration under Section 3.15. 3.15.4 In place of any conflicting provisions elsewhere in this Code, Affordable and Attainable Mixed -Income Housing Developments may be developed in accordance with the following, subject to a Warrant: a. Height 1. T5: Maximum building height of 75 feet with no limitation on the number of Stories; 2. T6-8: Maximum building height of 125 feet with no limitation on the number of Stories; 3. T6-12: Maximum building height of 240 feet with no limitation on the number of Stories; b. Parking may extend into the Second Layer above the first Story along all Frontages. The Facade of a parking garage that is not concealed behind a Habitable Liner shall be screened to conceal from view all internal elements including, but not limited to, vehicles, plumbing pipes, fans, ducts and all lighting. The size, location, and materials for such screening elements shall be reviewed by Waiver with referral to the Planning Department. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 89 111.35 Packet Pg. 108 MIAMI 21 ARTICLE 3. GENERAL TO AS ADOPTED - JANUARY 2018 c. Pedestrian or Vehicular Cross Block Passages shall not be required. d. Development Abutting two (2) or more Thoroughfares shall have only one (1) Principal Front- age and shall not be subject to the minimum Principal Frontage Line requirement. Determina- tion of which Frontage is to serve as the Principal Frontage shall be made by the Planning Director upon request by the Zoning Administrator. e. Development shall not be subject to maximum Lot Area requirements. f. Development in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1 (h) and 5.6.2 (b). g• Setback requirements above the eighth floor may be modified by Waiver for Development in T6 Zones. 3.15.5 Parking requirements for those units that qualify as Affordable or Attainable Mixed -Income Housing may be reduced as stated below. The parking reductions below may be cumulative; however in no event shall parking be reduced by more than eighty percent (80%) of the spaces required. a. Athirty-five percent (35%) reduction in required parking is permitted by Right. b. Within a Transit Oriented Development (TOD), an additional reduction of fifteen percent (15%) of required parking is permitted by Right and an additional reduction of fifteen percent (15%) of required parking is permitted for Attainable Mixed -Income Housing Projects by Waiver. c. An additional reduction of up to fifteen percent (15%) of required parking may be permitted by Warrant, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. d. Parking for development proposals providing Housing for the Elderly may be reduced by War- rant to provide a maximum of one (1) parking space per every two (2) Dwelling Units provided as Elderly Housing, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. e. Affordable orAttainable Mixed -Income Housing Developments whose parking has been reduced under the terms set forth in Section 3.15 will continue to operate under the recorded covenant described in Subsection 3.15.1(b) or 3.1.5.2(b), until parking requirements applicable at the time of release are met. 3.15.6 In addition to the Development incentives listed above, Attainable Mixed -Income Housing projects shall be afforded Density bonuses as follows; a. Any Development that meets the criteria in Subsection 3.15.2 (a) and 3.15.2 (b) and provides a minimum of ten percent (10%) of the Dwelling Units as Extremely Low Income as defined herein shall be provided one (1) additional unit of Density perAttainable-Workforce Housing unit provided. The Development after the Density bonus shall maintain the affordable and workforce Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 90 111.36 Packet Pg. 109 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO housing mix described in 3.15.2 (a), and shall provide ten percent (10%) of the Dwelling Units as Extremely Low Income Housing for the entire Development. b. Any Development that meets the criteria in Subsection 3.15.2 (a) and 3.15.2 (b) and provides a minimum of five percent (5%) of the Dwelling Units as Extremely Low Income as defined herein shall be provided one half (1/2) additional unit of Density Attainable -Workforce Housing unit provided. The Development after the Density bonus shall maintain the affordable and workforce housing mix described in 3.15.2 (a), and shall provide five percent (5%) of the Dwelling Units as Extremely Low Income Housing for the entire Development 3.16 WORKFORCE HOUSING SPECIAL BENEFIT PROGRAM SUPPLEMENTAL REGULATIONS 3.16.1 As a pre -requisite to qualify as an Attainable Workforce Housing Development eligible for any of the special benefits described in Section 3.16, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of twenty-five percent (25%) of the Dwelling Units as Work- force Housing serving residents above sixty percent (60%) of the area median income ("AMI") and at or below eighty percent (80%) of theAMl as published by the United States Department of Housing and Urban Development ("HUD") annually; that the proposed Development will provide a minimum of fifty percent (50%) of the Dwelling Units as Workforce Housing serving residents above eighty percent (80%) of the AMI and at or below one -hundred -twenty percent (120%) of the AMI as published by HUD annually; and the proposed Development will provide the remain- ing Dwelling Units as Workforce Housing serving residents above sixty percent (60%) of theAMl and at or below one -hundred -forty percent (140%) of the AMI as published by HUD annually; b. Verification that the proposed Development is within a quarter (%4) mile from a Transit Corridor or a half (1/2) mile from a Transit Oriented Development ("TOD"); and c. A recorded covenant running with the land, in a form acceptable to the City Attorney, requiring the property meet the criteria in Subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a temporary or final Certificate of Occupancy, whichever is issued first. 3.16.2 Attainable Workforce Housing Developments that Abut a T3 Zone are not eligible for the provisions in Section 3.16. Attainable Workforce Housing Developments that abut a T4 Zone shall require a Warrant for consideration under Section 3.16. 3.16.3 Notwithstanding any conflicting provisions elsewhere in this Code, Attainable Workforce Housing Developments may be developed in accordance with the following, subject to a Warrant: a. Height 1. T5: Maximum building height of seventy-five (75) feet with no limitation on the number of Stories; 2. T6-8: Maximum building height of one hundred twenty-five (125) feet with no limitation on the number of Stories; 3. T6-12: Maximum building height of two hundred forty (240) feet with no limitation on the Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 91 111.37 Packet Pg. 110 MIAMI 21 ARTICLE 3. GENERAL TO AS ADOPTED - JANUARY 2018 number of Stories; b. Parking may extend into the Second Layer above the first Story along all Frontages. The Facade of a parking garage that is not concealed behind a Habitable Liner shall be screened to conceal from view all internal elements including, but not limited to, vehicles, plumbing pipes, fans, ducts and all lighting. The size, location, and materials for such screening elements shall be reviewed by the Planning Department. c. Pedestrian or Vehicular Cross Block Passages shall not be required. d. Developments abutting two (2) or more Thoroughfares shall have only one (1) Principal Front- age and shall not be subject to the minimum Principal Frontage Line requirement. Determination of which Frontage is to serve as the Principal Frontage shall be made by the Planning Director upon request by the Zoning Administrator. e. Developments shall not be subject to maximum Lot Area requirements. f. Developments in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1(h) and 5.6.2(b). g. Setback requirements above the eighth floor may be modified for Developments in T6 Zones. 3.16.4 Parking requirements for those units that qualify as Attainable Workforce Housing may be reduced as stated below. The parking reductions below may be cumulative; however, in no event shall park- ing be reduced by more than eighty percent (80%) of the spaces required. a. A thirty-five percent (35%) reduction in required parking is permitted by Right. b. Within a TOD, an additional reduction of fifteen percent (15%) of required parking is permitted by Right and an additional reduction of fifteen percent (15%) of required parking is permitted for Attainable Workforce Housing Projects by Waiver. c. An additional reduction of up to fifteen percent (15%) of required parking may be permitted by Warrant, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. d. Attainable Workforce Housing Developments whose parking has been reduced under the terms set forth in Section 3.16 will continue to operate under the recorded covenant described in Sub- section 3.16.1(c), until parking requirements applicable at the time of release are met. 3.17 PUBLIC ART REQUIREMENTS Government Development Projects shall comply with all applicable provisions of the Public Art Pro- gram pursuant to Article 11 of this Code and Chapter 62, Article XVI, of the City Code, as applicable. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 92 111.38 Packet Pg. 111 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT F Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 93 Packet Pg. 112 1.1.b * INCORPORATED 18 96 \ I � �R 2018 HOUSING INCOME LIMITS CHART INCOME CATEGORY Household 50% 60% 80% 120% 140% Size of median of median of median of median of median 1 $27,550 $33,060 $44,100 $66,120 $77,140 2 $31,500 $37,800 $50,400 $75,600 $88,200 3 $35,450 $42,540 S56,700 $85,080 S99,260 4 $39,350 $47,220 $62,950 $94,440 $110,100 5 $42,500 $51,000 $68,000 $102,000 $119,000 6 $45,650 $54,780 $73,050 $109,560 $127,820 7 S48,800 $58,560 $78,100 $117,120 $136,640 8 $51,950 $62,340 $83,100 $124,680 $145,460 CITY OF MIAMI DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (Note: Updated April 2018) Maximum Sales Price existing homes $261,000 Maximum Sales Price new homes $276, 000 Median Income $52, 300 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 94 Packet Pg. 113 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT G Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49480386;2 95 Packet Pg. 114 1.1.b ADOPTED BY WDRC - 4/10/19 recommended to the BID Board for its consideration before being formally applied to projects presented to the WDRC Wynwood Design Review Committee Building Facade Art Guidelines and Recommendations There are no restrictions on subject matter for art other than it should not be an advertisement, be "commercial" in nature, show recognizable logos, trade or sales marks, contain ad copy, or otherwise depict wares or services provided or sold on or off premises. The art should recognize and, wherever possible, re -enforce the street -art roots of Wynwood. Wynwood is gritty, witty and weird! Hand -painted murals are strongly encouraged over manufactured or mechanically applied art. Recognize that people travel from all over the world to see and be seen in front of Wynwood Art. As such, new art should endeavor to add to and become an integral part of this phenomenon. Decorative graphic art, predominately white, or generic color -field designs are discouraged without a strong and demonstrable artistic concept behind them. No one will typically travel to see or take photos of this kind of installation. Wynwood is looking for art - not decoration. Art is encouraged to make a statement and to be bold and colorful, as appropriate. It is also not meant to be static; it can and should change over time so you can afford to be a little daring. Please familiarize yourself with the existing street -art in Wynwood. Wynwood art is predominately mural -based street art experienced from the public street. As such, it should be incorporated into the street -facing facades of buildings. Property - line party -walls or rear walls should also be used whenever possible - however these are not a substitute for street -facing art as these walls may be covered by ensuing projects. Other types of art are actively encouraged - however these should not be in lieu of wall or mural -based art. Likewise, architectural designs, materials or embellishments, although also actively encouraged, are not a substitute for art. The art shown for your project does not need to be the final but should be strongly indicative of the intended art. Also, be mindful that Wynwood is different from the Design District, South Beach, MIMO, and other places in Miami. The art should reflect this distinction. Larger developments are strongly encouraged to retain an art consultant but this is not a requirement. Also, both established and unknown artists are equally welcomed. The WDRC review process is intended to help you think about art at an early stage so that your project can make an exciting contribution to the Wynwood streetscape. Art should Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49479447;1 96 4/03/2019 Packet Pg. 115 1.1.b ADOPTED BY WDRC - 4/10/19 recommended to the BID Board for its consideration before being formally applied to projects presented to the WDRC not be an afterthought in Wynwood - or for your project. This is your chance to be bold, stretch the envelope, and make a statement! Go for it! Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 49479447;1 97 4/03/2019 Packet Pg. 116 1.1.b Tab 8 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 98 Packet Pg. 117 1.1.b WYNNV ,4OD pi WDRKS Public Benefits "HELPING OTHERS 1S LIKE HELPING YOURSELF" Henry Flagler Housing in the City of Miami is increasingly unaffordable for its residents Wynwood Works will be an Affordable and Workforce Housing Community developed under the City of Miami's Attainable Housing Ordinance. Every unit in the development will be set -aside as Affordable or Workforce Housing with apartments for individuals and families transitioning out of homelessness to 140% Area Median Income (AMI). There is tremendous need for new, high quality, attainable housing in the City of Miami. 61% of renters in the City of Miami are cost burdened or severely cost burdened. For purposes of housing affordability, households that spend more than 30% of income on housing are considered to be "cost burdened," and those that spends more than 50% of income on housing are considered "severely cost burdened." "Miami's affordable housing crisis is so dire; the city needs at least 50,000 units just to meet the existing need." — City of Miami's Connect Capital Miami Report (May 2019) Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 99 Packet Pg. 118 1.1.b Wynwood Works will fulfill multiple federal, state and local objectives. It will enable neighborhood residents to have tangible and visible evidence of the City commitment to affordable and workforce housing. It will leverage CRA resources into desperately needed housing that will have a lasting impact on the residents of this important neighborhood in the City of Miami. We carefully reviewed the Omni CRA Redevelopment Plan prepared in 2006 by Zyscovich Architects, Inc. and updated in June 2009 by the City of Miami Community Redevelopment Agency and the City of Miami Planning Department. Through the Omni CRA Redevelopment Plan, we identified specific community benefits. This is our community benefits plan, a proposed plan that demonstrates identifiable and observable benefits to the City of Miami. Said plan shall include but not be limited to specific community benefits to ensure that we create employment opportunities for local City of Miami residents. Creating a Livable Community Strong neighborhoods must be livable, attractive, stable and be incorporated into the community. The southeast quadrant of Wynwood is ready for a renaissance. We had a very positive meeting with Matt Kuscher, the owner of KUSH directly to the south. Our neighbors will be important stakeholders as the site plan is finalized and we intend to continue to consult closely with them. To the East is FECI's rail corridor and the sites to the North and West are blank canvasses that will likely be developed into world -class buildings targeting a new demographic. Incorporating traffic patterns, density, and height into the neighborhood so it doesn't disrupt the quality of life will be paramount objectives of the architect and design team. We intend to create a livable community not only for our residents, but we intend to enhance the entire neighborhood through this development. Site selection is perhaps one of the most critical decisions when planning for a livable community and Magellan Housing is tremendously excited about the prospect of providing and ensuring access to housing for this traditionally middle-class neighborhood. Perhaps no neighborhood in Miami has undergone as dramatic and rapid a shift as the Wynwood neighborhood. As a result, developers and speculators will soon make Wynwood unrecognizable and the opportunities to allow current residents to stay in the neighborhood will become increasingly rare. There have been numerous stories about rents forcing existing residents out. This is an incredible workforce housing development site that will be an asset for the community in its esthetics, its design, its amenities, and the importance in developing affordable and workforce housing in Wynwood cannot be overstated. The result will be a fully developed practical and well -designed urban Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 100 Packet Pg. 119 1.1.b development in short proximity to numerous sources of public transportation including Miami - Dade County Transit Bus Routes 2 and 32. Incorporated in this plan are numerous amenities and programs that will serve the residents and be integrated into the fabric of the neighborhood. The walkability of this location will serve the population and reduce automobile dependency. This portion of the City of Miami is an area that is currently lacking density. Wynwood Works will be a catalyst for this repopulation and will be identifiable from its well thought out design. In fact, this important multiuse building will become a signature landmark for not only the neighborhood, but the City at large. Wynwood Works will be the catalyst for a neighborhood revitalization that will help promote activity and ensure housing in a mixed income community that will assist individuals coming out of homelessness to market rate. Affordable and Workforce Housing The need for quality affordable and workforce housing is often talked about, but for the 61 % of cost burdened residents in Miami it is a critical impediment to their financial security. As rents across the area continue to skyrocket, incomes are not keeping up. Recent studies by the Census Bureau and Department of Housing and Urban Development show that (1) Miamians spend a larger percentage of their income on rent than residents of any of the other top 100 metro areas in the U.S. and (2) Miamians on average spend 27 percent of their income on rent, a percentage that tops the nation's 25 other largest metropolitan areas. More residents become cost burdened every day and finding decent available housing at reasonable price points in neighborhoods such as Wynwood has become nearly impossible. Our proposal is to provide housing for individuals coming out of Homelessness to varied affordable housing targets to varied workforce housing targets. It is truly a unique opportunity to develop a true mixed -income community that reflects the identity of the residents of the City of Miami. This will be a groundbreaking signature project that will demonstrate the City's commitment to ensure attainable housing for future generations. Artist Housing Magellan Housing is a national leader in providing specific amenities, programs, and design features to tailor high -quality, yet affordable, housing to the specific age needs and lifestyles of those being served. The arts and Wynwood are synonymous, but increasingly as recent articles have demonstrated, artists are being gentrified out of Wynwood. Our project sets aside 6 artist lofts to ensure that artists will be able to continue to call Wynwood home. Payment to the City Wynwood Works is expected to pay $83,200 in taxes after the first full year of operation. With a 3% escalator over a 99-year period, the selection of this projects will generate over $25,386,792 in payments. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 101 Packet Pg. 120 1.1.b Job Variety and Growth Magellan Housing recognizes that job growth creates economic hope and is committed to working with the OMNI-CRA, the City of Miami, community stakeholders, and our neighbors to create an innovative construction Job -Training Program for the Wynwood Works development. Job opportunities and growth create the foundation for neighborhood stability and are the keys to a prosperous community. Neighborhood stakeholders realize and advocate that job opportunities need to be created and available to existing residents of the City of Miami. Magellan Housing will incorporate local workforce initiatives as part of the development which will include a local hiring plan that will be negotiated with the OMNI-CRA. Based upon current real -life experiences with previous recent projects, Magellan Housing is extremely familiar with the challenges in maximizing these efforts. We proudly anticipate that many job opportunities will be created from the Wynwood Works development. The construction jobs and the jobs created by the residential and commercial components of Wynwood Works can bring many good quality jobs to the neighborhood. Wynwood Works will put lawyers, accountants, architects, engineers, and environmental scientists to work immediately. These are high paying jobs that will provide millions of dollars of income into our communities. The construction component of Wynwood Works is expected to create up to 160 new jobs (representing 160 local families). The jobs created by leasing and management components will be high - quality and permanent. The residential component, through the management, maintenance, accounting, and operations of the residential housing development, is expected to create approximately eight (8) new full-time jobs. Magellan Housing will exceed expectations in local hiring from the neighborhood and will create a Job -Training program. The commercial component will create approximately twenty-five (25) new full-time jobs. Economic Development A selection of this Proposal would provide a meaningful economic stimulus for the neighborhood, for the OMNI-CRA, for the City of Miami, and for Miami -Dade County. The City's selection of this project and Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 102 Packet Pg. 121 1.1.b' investment in it would create approximately $35,000,000 of direct economic activity in Miami -Dade County. Further, with more residents comes more economic activity as they spend their earnings in their City. With this influx of new residents that Wynwood Works would provide, the retail in the surrounding area will likely flourish. Wynwood Works will expand the tax base through a significant capital investment in this neighborhood. This will, in turn, promote more economic development and commerce in the neighborhood. This residential community will allow trade and business to flourish and continue to further the CRA goals. The Tax -Increment Financing (TIF) generated by the Wynwood Works development may be used as supplemental or gap funding for the project to ensure its financial success and stability. Density Wynwood Works will be a high -density development allowing it to seamlessly fit into the fabric of the surrounding community. Repopulating the community is an important aspect in the revitalization of the area, however, creating a community appropriate development that doesn't disturb the lives of existing residents is paramount. Retail spaces will not work without customers and most national retailers will not enter an under populated neighborhood. Therefore, it is critical that the first step in revitalizing the neighborhood is filling it with people by bringing in density. Once the neighborhood is repopulated, retail and economic activity will follow. Educational Opportunities There will be significant on -site amenities available to residents living in Wynwood Works as well as a wide array of resident educational, health, and occupational programs. Magellan Housing is committed to the continued education and betterment of its residents through training programs. Among the numerous programs offered to its residents, Magellan Housing has sponsored programs such as First Time Homebuyer Seminars, Job Training, Health Care Programs, and Financial Counseling. Our property manager has tremendous experience in this regard and have directly sponsored these educational activities in over 200 communities. Walkable Attractive Streets For the families, seniors, children and neighbors of Wynwood Works, walking within the neighborhood must be accessible, safe, and pleasant. There will be special attention placed on providing efficient ingress and egress. Within 1 mile of the site are schools, parks, grocery stores, Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 103 Packet Pg. 122 1.1.b restaurants, banks, places of worship, pharmacies, bus and rail stops that will allow you to get anywhere Miami -Dade Transit travels. Creating pedestrian -friendly streets by encouraging lighting and focusing on neighborhood street facades and features at the street -level of the development further enhance the neighborhood. Appropriate Architecture Appropriate and attractive architecture is important to residents and stakeholders of a community who will feel pride when receiving compliments about where they live. The final design itself be an exceptional work of art in shape, creativity, and design. It is also important to attract other investors to continue to improve the neighborhood. Our design will stand out, yet blend in, to the neighborhood. After careful due diligence and conversations with community stakeholders, Magellan Housing has come to the conclusion that incorporating the character and integrity of the community into a well -designed, extremely attractive and functional development plan will meet and exceed expectations of neighborhood stakeholders. An outstanding design team will continue to refine a plan that incorporates an appropriate combination of density, art, height, colors, pedestrian - friendly access, into a livable vibrant community. Wynwood Works will be a shining example of a successful public -private partnership for many years to come. Restore the Community Wynwood Works will be developed so that it is compatible with and highlights the existing heritage of the area. Traditionally a middle-class neighborhood, if attainable housing is not built now, there may not be another chance. However, this project will also be a catalyst that embodies the neighborhood's rich history past and present and these will be thoughtfully considered in the development plan of Wynwood Works. Though this will be a modern building with numerous high -quality features and amenities we will continue to endeavor to be a physical reminder of the community's heritage and will continue to enhance the richness of the neighborhood. The Low -Income Housing Tax Credit (LIHTC) doesn't lend itself to this varied income targeting, but worse, there is no certainty or timing assurance associated with federal and state funding programs for affordable and workforce housing. Therefore, our plan does not rely on these speculative sources. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 104 Packet Pg. 123 1.1.b ECONOMIC IMPACT STUDY 2035 North Miami Avenue, City of Miami, Florida/ Once complete, the proposed development of Wynwood Works will be nearly a $40,000,000 new construction project that will have immense economic impact for the immediate neighborhood, the City of Miami, and Miami -Dade County. The following is a summary of what selecting this Proposal will mean to the City of Miami in terms of economic impact and job creation: (1) CONSTRUCTION JOBS: Wynwood Works will provide jobs to 140 construction workers, (representing 140 local families). These jobs are expected to last approximately 2 years. (2) PROFESSIONAL JOBS: Wynwood Works will put lawyers, accountants, architects, engineers, environmental scientists and other professionals to work immediately. (3) TAXES: Wynwood Works is expected to pay $83,200 in taxes after the first year of full opergii J i. With a 3% escalator over a 99-year period, the selection of this project will directly pay' v-k $25,386,792. (4) PERMANENT JOBS: Wynwood Works will fully or partially fund many Permanent Jobs including management, leasing, accounting, and maintenance jobs. It is expected that over 15 permanent jobs will be created because of this project. (5) LEVERAGING: Any anticipated City of Miami Funding will be leveraged substantially with Institutional subsidy. (6) ECONOMIC STIMULUS: A selection of this Proposal would provide a meaningful economic stimulus for the neighborhood, for the City of Miami, and for Miami -Dade County. The City's selection of this project and investment in it would create approximately $70,000,000 of economic activity in Miami -Dade County. Wynwood Works will consist of 104 affordable and workforce housing units when completed. Wynwood Works will consist of 6 Artist studios. The total unit mix will be 42 studios, 43 one -bedrooms, 12 two - bedrooms, and 7 three -bedroom apartment homes. This mixture is included within a community that will have extensive amenities. The architectural style of this building will reflect the neighborhood and its location, makes it an ideal place to call home. A selection of this Proposal and an investment of CRA Funding in this Development would provide a meaningful economic stimulus for the neighborhood. The City's investment would create approximately $70,000,000 of economic activity, it would create 104 much needed new high -quality workforce housing units, it would create new jobs (permanent jobs and construction jobs), it would generate significant tax revenues for Local Governments. The selection of this Proposal and a commitment of CRA funding would be a strong and effective way to produce both a meaningful and very timely economic stimulus for the City of Miami and for Miami -Dade County. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 105 Packet Pg. 124 1.1.b Tab 9 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 106 Packet Pg. 125 1.1.b PROJECT SCHEDULE Magellan Housing has one of the strongest track records in the industry for delivering developments in a timely basis, usually well ahead of schedule, and on budget. The team's financial capacity is unmatched as are its long-standing relationships with the largest financial institutions in the United States. 1) Execute Development Agreement 2) Plans and Specifications 3) Apply for Building Permits 4) Receive Building Permits 5) Construction Start 6) Construction Loan Closing 7) Construction Completion 8) Stabilized Occupancy Within 3 months Within 4 months of Execution of Agreement Within 1 month of Plans and Specifications Within 7 months after Applying Upon receipt of Building Permits Upon receipt of Building Permits Within 20 months of Construction Start Within 12 months of Construction Completion The estimated timeline is a best estimate only. It is subject to change based upon many factors, including the final approved Development Agreements and entitlement and financial assistance approval schedule, and market conditions. Based on our initial due diligence of the Development Site, challenges that may impact the Project Schedule include, but are not limited to, a possible need to replat the property, limited suitable sites for construction and crane staging, proximity to FPL lines, proximity to the FEC train corridor. All timeframes above commence following an invitation to negotiate a Development Agreements and Contracts conveying site control with the City of Miami. Magellan Housing is fully committed to immediately enter into final negotiations to achieve prompt execution of all such agreements and contracts. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 107 Packet Pg. 126 1.1.b Tab 10 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 108 Packet Pg. 127 1.1.b Wynwood Works The City of Miami, Florida OPERATING AND MARKETING PLAN Royal American Management, Inc. currently manages approximately 30,000 units. Royal American Management, Inc. has extensive experience in all aspects of property management with a specialty in the marketing and lease -up of new and existing workforce and affordable housing communities. Royal American Management, Inc. has created comprehensive Policies and Procedures Manuals for Management, Compliance, Leasing, Outreach Marketing, Purchasing and Fiscal Responsibilities, Accounts Receivable and Lease Administration, and Yardi. Key Personnel The development will be staffed with a Community Director, Leasing Consultant, Maintenance Supervisor and Maintenance Technician. The Community Director will report to the Regional Manager. The Regional Manager will report to the Senior Vice President of Operations who in turn will report directly to the President of Royal American Management, Inc. All staff members receive significant training which includes but is not limited to Fair Housing, Risk Management, Mold Awareness and Compliance. Marketing Plan An effective, strategic and comprehensive Marketing Plan is required to ensure the successful lease -up and long-term occupancy of Wynwood Works. Royal American Management, Inc. will design, implement and execute all aspects of the Marketing Plan for Wynwood Works. Prior to Certificate of Occupancy At least 120 days prior to receiving the Certificate of Occupancy for Wynwood Works, a Lease - Up Kickoff Meeting will be held with the Regional Manager, Regional Maintenance Supervisor, and Senior Leasing Manager as led by the President and Marketing Coordinator of New Developments. 1. A market survey will be conducted by the Senior Leasing Manager. The market survey will include information about area competitive properties and detail rental rates, occupancy information and property fee information. 2. Rental rates and income limits will be based on the City of Miami's area median income limits and calculated with the utility allowances for the property. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 109 Packet Pg. 128 1.1.b 3. The Criteria for Resident Selection will be finalized and approved. This document will outline the requirements of all applicants including credit and criminal background check information. 4. Application packages will be printed. 5. Residential Rental Agreements will be created. 6. Preparations for the opening of a temporary Leasing Office will commence. 7. The property marketing material will be prepared and printed. These materials will be printed in English and Spanish. 8. Leasing staff will be hired and trained. This staff will be trained according to Royal American's Leasing Policies and Procedures. This training will include telephone techniques, closing techniques, local community awareness, as well as an in-depth understanding of the needs of the resident population at Wynwood Works. 9. Leasing Personnel may be required to take Fair Housing training through Grace Hill (www.gracehill.com), a leader in on-line training for the multi -family industry. The Regional Manager and Senior Leasing Manager will train and supervise all leasing personnel, under the direction of the President, Senior Vice President of Operations, and Manager of Operations. 10. The Affirmative Fair Housing Marketing Plan will be reviewed in detail with all Leasing Personnel. 11. A website for Wynwood Works will be created to attract prospective residents. The website will outline the floor plans, community amenities, and apartment amenities and finishes. The website will provide a locator map and the ability to print a summary brochure and floor plans. The website will have the capacity for the user to translate the content into Spanish, Creole and other languages as needed. 12. The Americans with Disabilities Act and Equal Housing Opportunity logos will be displayed on all marketing collateral and advertisements and it will also be posted on the property's website. 90 Days Prior to Certificate of Occupancy to Project Completion A systematic Outreach Marketing Program will commence 90 days prior to first occupancy. This requires that one team member assume the role of outside marketing specialist. The success of this effort is based upon the development of a professional relationship between the team member and key personnel at area businesses, places of worship, advocacy groups, social service agencies, senior centers, Section 8 and housing offices, and advocacy groups. Outreach marketing logs will record in detail visits to these important Community Contacts. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 110 Packet Pg. 129 An important thrust of the outreach marketing program is to ensure that residents in the subject area are aware of this unique housing opportunity. Every effort will be made to have as many applicants from the neighborhood become residents as possible. In addition, the designated team member is intimately familiar with Wynwood Works and what makes the apartment community special. During this time period, the following activities will also be taking place. 1. A temporary Leasing Office will be opened 90 days prior to first occupancy. 2. Temporary leasing signs will be installed on -site to attract drive by traffic. 3. A leasing banner will be installed on the building to attract drive by traffic. 4. Advertisements will run in area publications as needed and may include the Miami Times, Diario Las Americas, The Miami Herald and other newspapers. 5. Visits will be made to the local Section 8 and other housing offices and brochures and floor plans will be provided. 6. Weekly Lease -Up meetings with the President, Regional Vice President, Senior Leasing Manager and Marketing Coordinator will be held to track the effectiveness of the marketing and advertising campaigns and the processing of resident applications. 7. The Royal American Compliance Department will approve all applications for residency. The Compliance Department is responsible for ensuring that all applicants meet the income guidelines for the property as published by the U.S. Department of Housing and Urban Development. 8. Direct Mailings may be sent to local area apartment communities. 9. Periodically, Leasing Consultants will be evaluated by a third -party company to ensure that all aspects of their leasing presentation is commensurate with Royal American policies and procedures and that they are meeting the objectives of the lease -up of the community. They will assess their performance on the telephone and during their visit to the property and evaluate their presentation to ensure that the Leasing Consultant is adhering to all aspects of the Fair Housing Act. This information will be used to assist the Leasing Consultant in improving their performance, if necessary. Once the management, leasing offices and a model apartment are completed and decorated, Open Houses will be held. Tours of the community amenities and model apartments will be given and refreshments will be served. A Grand Opening will be held once construction of the community is complete. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 111 Packet Pg. 130 1.1.b; Maintenance The condition and general appearance of the property affects the occupancy as well as the reputation of the rental community. An effective program will be implemented by the maintenance personnel and overseen by the Community Director on a daily basis. The maintenance program for Wynwood Works apartments is separated into three components: corrective maintenance, decorating and preventative maintenance. The efficient completion of resident service requests and service requests generated by staff personnel is insured through the utilization of work orders, work order tracking logs and monthly work order summaries which are monitored by the Community Director and Regional Staff. A tour of the community grounds will take place each morning to pick up debris and litter. The pavement will be swept weekly. The landscaping maintenance will be performed by an outside contractor as selected from a competitive bid process. The lobby area and entryways of the community will be cleaned twice daily and the common hallways, community room and bathrooms will be cleaned once a day. Work orders completed in house are generally completed by the maintenance staff. The cost for completing service orders resulting from misuse or neglect by the resident is charged to that resident and added to their account. A Preventative Maintenance program is initiated on all mechanical systems (beyond the scope of the warranty to be provided by the contactor) in accordance with the manufacturer's recommendations. This program will also include the necessary maintenance of all landscaping and grounds to insure that curb appeal is always maximized. Preventative maintenance inspections on a quarterly basis for each apartment unit (occupied or vacant) will be conducted to ascertain the condition of appliances, bath tile and fixtures, floors, walls, ceiling and light fixtures. In addition, all filters will be replaced as necessary. Repairs will be made on a timely basis. Fire safety systems will be inspected as contracted and required by local fire safety ordinances. Major repairs requiring Owner approval will be accomplished utilizing a competitive bid procedure. Emergency repairs will be handled in a timely and appropriate manner by either maintenance personnel or a general contractor. The decorating process begins with a pre -move -out inspection. Apartment inspections will take place upon notification of a move -out from the resident and a Move -Out Inspection Form will be completed to assess damages, if any. This form is kept in the resident's permanent file. Maintenance personnel are responsible for the redecorating, including the completion of all items on the painting, cleaning and maintenance checklists and should be completed within three working days. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 112 Packet Pg. 131 1.1.b Resident Orientation All new residents will receive, in addition to their lease agreement, a Resident Handbook specifically tailored to the community's physical structure and location. This handbook outlines the rules and regulations of the community in a format that is both detailed and helpful to the resident and includes guidelines for rental payments and late fees to cleaning care of carpeting and appliances. The preparation and distribution of this book is once again designed to stress to the resident, the commitment management has to creating a positive living environment for their enjoyment. Additionally, residents are given a complete orientation and shown how to use and benefit from all of the amenities of both the apartment community and their apartment home. Resident Activities Program An essential focus of the management program at Wynwood Works is to provide highly personalized services to the special needs of its senior residents. Royal American Management is committed to providing activities for our residents for their social, physical and emotional well being. Regularly Scheduled Resident Programs — The following is an example of resident programs provided at other properties management by Royal American Management which may be provided for the residents of Wynwood Works. Literacy Training Resident Assurance Check -In Program Computer Training Health and Nutrition Classes Financial Counseling Resident Assistance Referral Program Resident Activities Regularly Scheduled Recreational Activities - The following is a list of Royal American Management's recreational activities organized for the residents of Wynwood Works apartments: Monthly Birthday Parties Arts & Crafts Holiday Parties Monthly Community Newsletter Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 113 Packet Pg. 132 1.1.b It will be the responsibility of the Community Director to organize and implement these activities on a monthly basis. In addition, these programs will be supervised and monitored by the Vice President of Operations. The monthly newsletter will announce their schedule. Housing Compliance All Community Directors attend training given by the Director of Compliance of Royal American Management, Inc. The Director of Compliance is responsible for ensuring that the management and leasing operations of Wynwood Works comply with all aspects of Section 42 of the Internal Revenue Code. The Compliance Department establishes rents using area median income information published annual by the U.S. Department of Housing and Urban Development and utility allowances. The Compliance Department also assists Community Directors as necessary during annual audits as may be performed by the area municipalities and lenders. In addition, the Director provides training which covers all aspects of accepting an application for residency, occupancy standards, income verification, and strict adherence to the Criteria for Resident Selection established for Wynwood Works. Financial Reporting Royal American Management, Inc. utilizes a sophisticated accounting/reporting financial system that ensures reliability and compliance with all applicable state and federal regulations, as well as timely and accurate reporting to its institutional investors, lenders, and governmental agencies. The property's on -site management staff is responsible for adhering to the community's annual operating budget and the accounts receivable and purchasing guidelines outlined in the Policies and Procedures Manual. Invoice processing and payment and financial reporting are handled at our home office where monthly balance sheets and profit and loss statements are prepared and distributed to our lenders and investor partners. The home office accounting group also coordinates with our outside accountants for the completion of annual audits and preparation and submission of tax returns and related filings. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 114 Packet Pg. 133 1.1.b Tab 11 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 115 Packet Pg. 134 1.1.b FINANaNG PLAN Experience with Affordable Housing Financing The Principals of Magellan Housing have a 15-year history of developing restricted set -aside housing in the City of Miami. Nick A. Inamdar of Magellan Housing is the past Chair of the Board of the Coalition of Affordable Housing Providers (CAHP), Florida's leading state-wide affordable and workforce housing industry organization. He has worked closely for years with the Florida Housing Finance Corporation (FHFC), the state agency that administers the Federal and State housing programs including the Low -Income Housing Tax -Credit (LIHTC) program. Mr. Inamdar has developed numerous projects and is currently developing projects in partnership with both Miami -Dade County's Public Housing and Community Development department and with the City of Miami's Department of Housing and Community Development. Our Partnerships with Haslem Housing Ventures and the Royal American Companies brings our Team's development and construction experience to over 10,000 set -aside units since the 1970's. Our Management Team has experience managing over 30,000 set -aside units. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 116 Packet Pg. 135 1.1.b Aligning with Goals of the OMNI-CRA All housing is not the same. Our proposal is a City of Miami Attainable Housing Development with deep targeting and varied set -asides. Our project is 100% set -aside as Affordable and Workforce housing with deep targeting far exceeding the requirements of the City of Miami's Attainable Housing Ordinance. In fact, we even have units that are set -aside for individuals transitioning out of homelessness. This program was conceived after a careful consideration of OMNI-CRA goals and capacity: On January 17ti' 2018, the City of Miami Commission, acting as the OMNI-CRA board, voted unanimously to set the goal of allocating One Hundred Million Dollars of revenue from tax increment funds (TIF) towards affordable housing within the OMNI-CRA boundaries. On July 19th, 2018, the Real Deal discussed the OMNI-CRA acquiring the subject Site. In it they state that "The OMNI Community Redevelopment Agency just bought the (Site)... to put it out for bid for affordable or workforce housing" On July 24th, 2018, the South Florida Business Journal discussed the Site being used for affordable housing, the availability of OMNI-CRA financing, along with the OMNI-CRA goal to invest One Hundred Million Dollars in affordable housing. In the article, the Chair of the Board of the OMNI-CRA is quoted as saying: "7 really want to have a shovel in the ground." These articles and others provide a glimpse into the aspirational goals of the OMNI-CRA and its available resources. With these considerations in mind and with our familiarity of how to deliver on these goals and this scope, we are confident that we have thoughtfully identified the only certain and the most expeditious method to obtain the maximum private investment needed to complete a signature Attainable Housing development on this Site. Evaluating All Available Financing Sources We do not recommend 9% Low Income Housing Tax -Credits (LIHTC) as a financing source. With odds of an award of a 9% LIHTC allocation at approximately 1 in 10, it would be a purely speculative Financial Plan. Similarly, we do not recommend trying to obtain an award of State SAIL funding as the odds of success are also about 1 in 10. In Addendum No. 1 to this subject RFP, dated July 31, 2019, the following inquiry was received with the corresponding response: QJ: Will financial commitments be required with the Financing Plan? Al: Yes. Financial commitments will be required with the Financing Plan. As such, we determined it would not be appropriate to provide a Financing Plan subject to 4% LIHTC equity and Bond financing. Although we could source these letters, they are inherently 100% dependent on an ACTUAL AWARD of 4% LIHTC from FHFC and an ACTUAL AWARD of Bonds from the Miami -Dade Housing Finance Agency. The applications for 4% Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 117 Packet Pg. 136 1.1.b' LIHTC and Bond financing cannot commence without Site Control. It's an arduous process to receive an award of 4% LIHTC and associated Bonds. A process that requires multiple Board approvals, formal underwriting reports from 3rd parties, architectural review committees, etc. Therefore, it would be disingenuous to provide financial commitments for sources in which the application process for those sources had not even commenced. If a 4% LIHTC structure is something that the OMNI-CRA would later like to explore, we are certainly willing to discuss the positives and negatives of that structure in full detail. The associated FHFC Income Averaging would target units at 80% AMI and below (with all units averaging at 60% AMI), but it would take longer to get a shovel in the ground. A Certain and Expeditious Execution THERE ARE NO FURTHER APPLICATIONS FOR FINANCIAL SOURCES THAT ARE NEEDED WITH ACCEPTANCE OF THIS FINANCING PLAN A determining component that has steered our Financing Plan centers on our desire for certainty of an expeditious execution of our Development Concept. Our Financing Plan does not require us to seek Low Income Housing Tax Credits (LIHTC) or SAIL financing from the Florida Housing Finance Corporation (FHFC). As previously discussed, Federal and State financing programs are often purely speculative and there is NO assurance of obtaining financing for any particular project. Our Financing Plan allows for the most expeditious and, in fact, the only certain way to build affordable and workforce housing on this site. Through acceptance of this proposal, we can bypass FHFC's application process thereby ensuring the successful and expeditious completion and long-term viability of this project. Commitments and Obligations We will provide all predevelopment funds necessary to complete all predevelopment activatios. We will make all required guarantees and commitments that will be necessary to complete this project in a timely, cost effective, and efficient manner. We will fill any funding shortfalls, funding gaps, or unexpected financial needs that may arise for the project. Commitment to Defer Developer Fee We commit to deferring 100% of our Developer Fee, if needed, to ensure the success of the project. We currently project needing to defer 85% of our Developer Fee. In no case, will we defer less than 50% of our Developer Fee. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 118 Packet Pg. 137 1.1.b Approach to Managing Financial Risk Our approach to managing the financial risk associated with affordable housing developments is based upon two principles: (1) careful financial structuring at the outset, with the right financial partners; and (2) thorough consideration and care in design, lease up, and property management. We have a prudent conservative approach to both development and operations and have a uniformly strong portfolio as evidence of our success in prudent management of financial risk. • We have consulted with construction experts to get an accurate development cost of our proposal. • We have consulted with land use counsel to get a detailed analysis of our proposal and potential pitfalls. • We have the deep experience and know how to manage and minimize risk where appropriate. • Our plan provides for certainty of execution. • Our plan provides for an expeditious construction commencement. • Citi Community Capital's loan is a Freddie Mac backed execution. Citi and Freddie Mac Executives have already reviewed and approved the Development Concept. Long Term Viability of the Project Developing the project is the first step, but too often over time affordable housing developments fall into disrepair. We are committed to not only developing a signature project, but to ensuring the long-term viability and success of the project for a 50-year restricted term. As significant capital repairs will be inevitable over the 50 year affordability period, in order to prevent the project from falling into disrepair, the applicant may, after an initial 12 year affordability period, adjust all the targeted income levels of the project, so long as the new income set asides continue to abide by the minimum standards set in the City of Miami's Attainable Housing Ordinance at that time. The intent is that over time the additional income provided by a reset of the targeted income levels may assist with the upkeep and long-term viability and/or maintenance of the project. OMNI-CRA Land Transaction Structure The OMNI-CRA will provide fee simple title through a Development Agreement to an affiliate of Magellan Housing for the following 3 parcels: • Folio # 01-3125-000-0130 • Folio # 01-3125-000-0100 • Folio # 01-3125-016-0400 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 119 Packet Pg. 138 1.1.b A fee simple land contribution to the project is in the best financial interest of the City of Miami. If the property was Leased to the Partnership, there would be no tax revenue paid back to the City. These tax payments and projections can be immediately further leveraged for additional developments within the OMNI-CRA resulting in exponential economic development. In addition to all the immeasurable benefits to the City of Miami of developing this signature 100% affordable and workforce housing project that will be set aside for 50 years, including direct economic development, jobs, and Non -Profit and community empowerment, it is important to recognize that assuming an $83,200 tax bill in year 1, with a 3% escalator over a 99-year period, the selection of this project will directly pay back $25,386,792 in taxes. This is a more financially beneficial structure to the City then a Lease in which there would be no tax payments. CitiBank Financial Commitment Citi Community Capital (CCC) will provide a $20,000,000 Construction and Permanent Loan that is backed by Freddie Mac. Citi Community Capital a lending arm of Citibank is excited to be working on this project. Senior Executives of Citibank have visited the Site and they are intimately familiar with our Development Concept. They have reviewed the specifics of the project internally, have done thorough due diligence and thorough underwriting regarding the project. They have committed to finance this project as presented. The Permanent loan terms will be amortizing, at a 5:-75' /0 rate. This is a Non-LIHTC forward product that Citi has already discussed with Freddie Mac executives. We can lock this rate in now before markets shift upon acceptance of this Proposal and execution of a Development Agreement. OMNI-CRA Financial Commitment The OMNI-CRA will provide a $9,000,000 Construction and Permanent loan through a Development Agreement. The final loan amount will be limited to OMNI-CRA available funding, dedicated or intended for the development of new affordable and workforce housing within the CRA boundaries as determined solely by the OMNI-CRA. Structuring of the loan will be directed by accountant and legal opinion, but as is similarly done in these cases, upon Closing, the funds may be provided through a non-profit conduit, directly deposited into an account controlled by Citi Community Capital, and then drawn down pari passu with construction completion. The loan terms will be non -amortizing, at zero percent interest, and will be forgiven after a 30- year term. In consideration of these commitments, the project will be deed restricted under the City of Miami's Attainable Housing Ordinance for 50 years. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 120 Packet Pg. 139 Wynwood Works Bringing Attainable Housing to Wynwood SOURCES AND USES OF FUNDS 1.1.b SOURCES AND USES OF FUNDS DEBT STRUCTURE AND SOURCES OF FUNDS SOURCES Financing Citi Community Capital Omni CRA Loan Omni-CRA Land Contribution Deferred Developer Fee Citi Community Capital Amount $20,000,000 Rate 5.25% 20,000,000 Term/Amortization Period 35 9,000,000 Debt Service $1,249,783 6,500,000 Per Unit $192,308 4,329,677 39,829,677 TOTAL SOURCES USES Omni CRA Loan Amount $9,000,000 Rate 0.00% Term 30 Debt Service $0 Per Unit $86,538 Acquisition - Land Art Facade Construction - Hard Retail Build Out Soil Testing FF&E Construction - Contingency Architect - Design Architect/Construction - Supervision Engineering Fee Survey Legal Marketing and Lease -up Title Insurance Closing Costs N/A Accounting Fees Appraisal Market Study 6,500,000 275,000 PROJECTED PROJECT SCHEDULE 21,000,000 503,325 Construction Loan Closing/Admission Date 10,000 Certificate of Occupancy (High Rise) 300,000 First Unit Occupancy 1,075,166 Units Occupied per Month 540,600 100% Occupancy 250,000 Stabilization Date 286,100 35,000 400,000 175,000 105,000 32,231 0 135,000 15,000 12,000 Environmental 15,000 Contingency - Soft Costs 175,000 Inspection Fees 20,000 Impact Fees 802,3^^ Building Permit 175,0, - Taxes - Construction 75,0, Insurance 200,000 Interest - Construction 800,000 Interest - Bridge Loan 0 Loan Fees/Costs - Const/Perm 402,500 Interest - Predevelopment Loan 125,000 City of Miami City Incurred Costs 0 Tax Credit Fees -Allocation 0 Tax Credit Fees -Application 0 Tax Credit Fees - Underwriting Tax Credit Fees - Compliance Replacement Reserves Utility Connection Fee 124,044 N/A 0 Lender Required Reserve 215,000 N/A Developer's Fee/ Overhead 34,778,286 0 5,051,391 5,05 - 39,829,677 SURPLUS/(DEFICIT) 0 20 mos. 09/15/2020 05/15/2022 06/01/2022 26 10/01/2022 01/01/2023 121 OMNI-CRA Workforce Housing Packet Pg. 140 RENTAL AND OTHER INCOME Residential 1 2 3 4 5 6 7 8 9 10 11 12 13 14 4 0 Bed/1 Bath 30% Median 402 19,296 19,489 19,684 19,881 20,079 20,280 20,483 20,688 20,895 21,104 21,315 21,528 21,743 21,961 2 4 0 Bed/1 Bath 50% Median 699 33,552 33,888 34,226 34,569 34,914 35,263 35,616 35,972 36,332 36,695 37,062 37,433 37,807 38,185 3 3 0 Bed/1 Bath 80% Median 1,144 41,184 41,596 42,012 42,432 42,856 43,285 43,718 44,155 44,596 45,042 45,493 45,948 46,407 46,871 4 12 0 Bed/1 Bath 120% Median 1,737 250,128 252,629 255,156 257,707 260,284 262,887 265,516 268,171 270,853 273,561 276,297 279,060 281,850 284,669 28 19 0 Bed/1 Bath 140% Median 2,033 463,524 468,159 472,841 477,569 482,345 487,168 492,040 496,960 501,930 506,949 512,019 517,139 522,310 527,534 53 0 0 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 1 Bed/1 Bath 30% Median 412 24,720 24,967 25,217 25,469 25,724 25,981 26,241 26,503 26,768 27,036 27,306 27,579 27,855 28,134 2 5 1 Bed/1 Bath 50% Median 730 43,800 44,238 44,680 45,127 45,578 46,034 46,495 46,960 47,429 47,903 48,382 48,866 49,355 49,848 5 5 1 Bed/1 Bath 80% Median 1,207 72,420 73,144 73,876 74,614 75,361 76,114 76,875 77,644 78,420 79,205 79,997 80,797 81,605 82,421 8 11 1 Bed/1 Bath 120% Median 1,842 243,144 245,575 248,031 250,512 253,017 255,547 258,102 260,683 263,290 265,923 268,582 271,268 273,981 276,721 27 17 1 Bed/1 Bath 140% Median 2,160 440,640 445,046 449,497 453,992 458,532 463,117 467,748 472,426 477,150 481,921 486,741 491,608 496,524 501,489 50 0 1 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 Bed/1 Bath 30% Median 485 5,820 5,878 5,937 5,996 6,056 6,117 6,178 6,240 6,302 6,365 6,429 6,493 6,558 6,624 1 2 Bed/1 Bath 50% Median 866 10,392 10,496 10,601 10,707 10,814 10,922 11,031 11,142 11,253 11,366 11,479 11,594 11,710 11,827 1 1 2 Bed/1 Bath 80% Median 1,439 17,268 17,441 17,615 17,791 17,969 18,149 18,330 18,514 18,699 18,886 19,075 19,265 19,458 19,653 1 2 2 Bed/1 Bath 120% Median 2,202 52,848 53,376 53,910 54,449 54,994 55,544 56,099 56,660 57,227 57,799 58,377 58,961 59,550 60,146 6 7 2 Bed/1 Bath 140% Median 2,583 216,972 219,142 221,333 223,546 225,782 228,040 230,320 232,623 234,950 237,299 239,672 242,069 244,489 246,934 24 0 2 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 Bed/2 Bath 30% Median 546 6,552 6,618 6,684 6,751 6,818 6,886 6,955 7,025 7,095 7,166 7,237 7,310 7,383 7,457 1 3 Bed/2 Bath 50% Median 987 11,844 11,962 12,082 12,203 12,325 12,448 12,573 12,698 12,825 12,954 13,083 13,214 13,346 13,480 1 1 3 Bed/2 Bath 80% Median 1,648 19,776 19,974 20,173 20,375 20,579 20,785 20,993 21,203 21,415 21,629 21,845 22,063 22,284 22,507 2 1 3 Bed/2 Bath 120% Median 2,529 30,348 30,651 30,958 31,268 31,580 31,896 32,215 32,537 32,863 33,191 33,523 33,858 34,197 34,539 3 3 3 Bed/2 Bath 140% Median 2,969 106,884 107,953 109,032 110,123 111,224 112,336 113,460 114,594 115,740 116,897 118,066 119,247 120,440 121,644 12 0 3 Bed/2 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104 Total Residential Rent 2,111,112 2,132,223 2,153,545 2,175,081 2,196,832 2,218,800 2,240,988 2,263,398 2,286,032 2,308,892 2,331,981 2,355,301 2,378,854 2,402,642 2,42 TOTAL GROSS INCOME 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Retail Income 134,220 135,562 136,918 138,287 139,670 141,067 142,477 143,902 145,341 146,794 148,262 149,745 151,242 152,755 15 Miscelleneous Income 12,480 12,605 12,731 12,858 12,987 13,117 13,248 13,380 13,514 13,649 13,786 13,924 14,063 14,203 1 2,257,812 2,280,390 2,303,194 2,326,226 2,349,488 2,372,983 2,396,713 2,420,680 2,444,887 2,469,336 2,494,029 2,518,969 2,544,159 2,569,601 2,59 Less Vacancy/Bad Debt 5.00% 112,891 114,020 115,160 116,311 117,474 118,649 119,836 121,034 122,244 123,467 124,701 125,948 127,208 128,480 12 EFFECTIVE GROSS INCOME 2,144,921 2,166,371 2,188,034 2,209,915 2,232,014 2,254,334 2,276,877 2,299,646 2,322,643 2,345,869 2,369,328 2,393,021 2,416,951 2,441,121 2,46 LESS OPERATING EXPENSES Payroll 205,392 209,500 213,690 217,964 222,323 226,769 231,305 235,931 240,649 245,462 250,372 255,379 260,487 265,696 27 Utilities 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 9 Repair/Maintenance 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 9 Management Fee 128,695 129,982 131,282 132,595 133,921 135,260 136,613 137,979 139,359 140,752 142,160 143,581 145,017 146,467 14 Administrative 52,000 53,040 54,101 55,183 56,286 57,412 58,560 59,732 60,926 62,145 63,388 64,655 65,949 67,268 6 Taxes 83,200 84,864 86,561 88,293 90,058 91,860 93,697 95,571 97,482 99,432 101,420 103,449 105,518 107,628 10 Insurance 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 9 Reserves 33,800 34,476 35,166 35,869 36,586 37,318 38,064 38,826 39,602 40,394 41,202 42,026 42,867 43,724 4 Total Expenses (per unit) $6,937 721,487 734,630 748,023 761,670 775,578 789,750 804,193 818,910 833,909 849,193 864,770 880,644 896,821 913,307 93 NET OPERATING INCOME 1 ' 1,423,434 1,431,741 1,440,011 1,448,244 1,456,436 1,464,584 1,472,685 1,480,736 1,488,734 1,496,675 1,504,558 1,512,377 1,520,130 1,527,814 1,53 CASH FLOW BEFORE DEBT SERVICE $1,423,434 $1,431,741 $1,440,011 $1,448,244 $1,456,436 $1,464,584 $1,472,685 $1,480,736 $1,488,734 $1,496,675 $1,504,558 $1,512,377 $1,520,130 $1,527,814 $1,53 LESS DEBT SERVICE First Mortgage 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,24 Omni-CRA Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Omni-CRA Land Contribution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DSC P. DSC P. Total Debt Service 1,249,783 1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,24 First Mortgage All Debt Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 1.14 1.15 1.15 1.16 1.17 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 1.14 1.15 1.15 1.16 1.17 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 NET CASH FLOW 173,651 181,957 190,228 198,461 206,653 214,800 222,901 230,952 238,950 246,892 254,774 262,594 270 122 OMNI-CRA Workforce Housing Packet Pg. 141 1.1.b Community Capital August 12, 2019 Nick A. Inamdar Magellan Housing, LLC 2100 Coral Way, Suite 405 Miami, FL 33145 Re: References for Wynwood Works Miami, Florida To Whom it May Concern: Citi Community Capital has been doing business with Magellan Housing, LLC ("Magellan") since providing construction and permanent financing for a Houston related project in early 2018. Additionally, we are in the process of financing three additional projects in Houston and three more in the Miami area. Throughout the financing process, Nick Inamdar and Amay Inamdar, the principals of Magellan, have demonstrated professionalism, integrity and a deep understanding of the local marketplace. The quality of their work has been outstanding and we hope to expand our relationship for many years in the future. Very truly yours, -//et Mahesh Aiyer Director Citi Community Capital (713) 752-5046 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 123 Packet Pg. 142 1.1.b Community Capital EXHIBIT A TERM SHEET cite Multifamily Rental Developments with Rent Restrictions New Construction and/or Substantial Rehabilitation and/or Term Mortgages CITI Construction to Permanent Loan — Non-LIHTC Forward Product Wynwood Works August 12, 2019 NOTE: This Term Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to credit approval and does not constitute an offer or commitment. In connection with this Term Sheet, CITI will be acting solely as a principal and not as your agent, advisor or fiduciary. CITI has not assumed a fiduciary responsibility with respect to this Term Sheet, and nothing in this transaction or in any prior relationship between you and CITI will be deemed to create an advisory, fiduciary or agency relationship between us in respect of this Term Sheet. You should consider carefully whether you would like to engage an independent advisor to represent or otherwise advise you in connection with this Term Sheet, if you have not already done so. This Term Sheet is an integral part of, and establishes terms, conditions and requirements of, the letter dated August 12, 2019 to which it is annexed. PRELIMINARY LOAN TERMS Transaction Summary: Citibank, N.A. ("CITI") proposes to arrange a construction/permanent loan ("Loan") to the Borrower (defined below) in connection with the acquisition and construction of the Property described below. Property: A to -be -constructed multifamily property containing a total of 104 units, located in Miami, FL. The property is commonly referred to as "Wynwood Works." ("Property") Set -Asides: 10% of the units (11 units) are reserved for individuals or families whose income is no greater than 30% of Area Median Income ("AMP'); 10% of the units (11 units) are reserved for individuals or families whose income is no greater than 50% of Area Median Income ("AMP'); 10% of the units (10 units) are reserved for individuals or families whose income is no greater than 80% of Area Median Income ("AMI"); 25% of the units (26 units) are reserved for individuals or families whose income is no greater than 120% of Area Median Income (`AMP'); and 45% of the units (46 units) are reserved for individuals or families whose income is no greater than 140% of Area Median Income ("AMI Applicant: Magellan Housing, LLC Borrower: A single asset entity whose manager or general partner is the Applicant or an affiliate of Applicant. Borrower entity, its constituent entities and its operating agreement must be acceptable to CITI in all respects. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 124 Packet Pg. 143 1.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 2 LIHTC Investor/ Syndicator: Guarantor(s): Subordinate Debt: Loan Security: Construction Phase Recourse Guarantees: N/A Magellan Housing, LLC, Nick Inamdar, Amay Inamdar and/or other individual(s) or corporate entity acceptable to CITI in all respects. The Guarantor(s)' financial condition(s) must be acceptable to CITI in all respects. If applicable, the sources of subordinate debt and the subordinate loan documents must be acceptable to CITI in all respects. All subordinate debt must fund prior to Loan funding unless CITI approves other arrangements. Subordinate Debt will be subject to CITI's Subordination Agreement, which in addition to other provisions, requires that Subordinate Debt only be paid from 75% of available cash flow. First lien on land and any improvements, UCC filings for fixtures; assignment of all leases and rents; and, a first priority collateral assignment of all contracts, management agreements, and other agreements and all permits relating to the Property. Ground leases, if applicable, must be subordinate to CITI's lien position unless the fee is owned by a government agency to ensure long-term affordability. AU income and rent restrictions will be subordinate to the CITI security instrument. Prior to Conversion of the Loan to the Permanent Phase (described below) and during the Construction Phase (described below), the Loan will be fully recourse to the Borrower and to the Guarantor(s) and Completion and Repayment Guarantees are required from the Borrower and the Guarantor(s). Guarantees, Permanent Phase: None, except for industry standard carve outs ("Carve Outs"). Carve Outs include guarantees against fraud, misrepresentation, bankruptcy and environmental issues. Environmental Indemnity: Closing: Closing Date (est.): CONSTRUCTION PHASE Construction Phase Loan Amount: Borrower and Guarantor(s) will be liable for CITI's standard environmental indemnity. Closing is subject to full satisfaction of CITI's standard due diligence, underwriting and credit approval processes, and the execution and delivery of all required loan documents, delivery of opinions, payment of fees and other customary requirements. To be determined. An amount, currently estimated to be $20,000,000, but in any event, an amount not to exceed 80% of costs budgeted for the Construction Phase. Term: 24 months, plus two 6-month extension(s). Fees for the extension(s) are indicated below under "Fees & Expenses." Construction Phase Interest Rate: Variable rate equal to one month LIBOR (which shall have a floor of 0.00%) plus a spread of 2.50% ("Construction Phase Interest Rate"). Rate adjusts monthly. Currently, one month LIBOR is trading at approximately 2.21 %, for an all -in rate of 4.71 %. Pricing is based on current market conditions and is subject to change. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 125 Packet Pg. 144 1.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 3 Interest Calculation: Act/360 Availability: Loan in Balance: Loan proceeds will be advanced to Borrower on a "draw down" basis upon receipt of a written request from Borrower, supported by documentation acceptable to CITI. Borrower will be required to submit a loan budget worksheet with each draw request tracking all Property sources and uses of funds. Draw requests limited to one per month. The Loan must remain "in balance" during the Construction Phase. "In balance" means that (1) the funds available during the Construction Phase (from the Loan and all other debt and equity sources) are sufficient to complete the construction or rehabilitation of the Property and all other expenses reasonably expected to be necessary to achieve the conditions for conversion of the Loan to the Permanent Phase; and (2) the sources available at Conversion are sufficient to pay down the Construction Phase Loan Amount to the Permanent Phase Loan Amount, along with any other funding requirements for Conversion. Amortization: None. Payments on the Loan during the Construction Phase will be interest only. Prepayment and Yield Maintenance: Interest Reserve: Voluntary prepayment of Loan principal amounts during the Construction Phase, including those as a result of a Borrower default, may be made without prepayment premium unless the Construction Phase Loan Amount is reduced to Tess than the Permanent Phase Loan Amount (as defined below). If the prepayment reduces the Loan amount to an amount less than the Permanent Phase Loan Amount, the Borrower shall pay the greater of: (i) 1% of the amount of the Loan prepaid below 100% of the Permanent Phase Loan Amount; or (ii) CITI's standard yield maintenance amount on the amount of the Loan prepaid below 100% of the Permanent Phase Loan Amount. In the event that a Loan prepayment resulting from a Loan resizing, as determined by CITI in its sole discretion, reduces the Loan amount to an amount less than the Permanent Phase Loan Amount, the Borrower shall pay the greater of: (i) 1 % of the amount of the Loan prepaid below 90% of the Permanent Phase Loan Amount; and (ii) CITI's standard yield maintenance amount on the amount of the Loan prepaid below 90% of the Permanent Phase Loan Amount. Notwithstanding any of the above, in the event the amount of such prepayment would cause the Loan amount to fall below 50% of the Permanent Phase Loan Amount, the Borrower shall be required to repay the Loan in full plus the greater of: (i) 1% of the amount of the Loan repaid below 90% of the Permanent Phase Loan Amount; and (ii) CITI's standard yield maintenance amount on the amount of the Loan repaid below 90% of the Permanent Phase Loan Amount. If Borrower prepays Loan principal amounts through the application of insurance proceeds or a condemnation award, no prepayment premium shall be payable to CITI. Calculated at the Construction Phase Interest Rate noted above, plus a cushion acceptable to CITI at time of final Credit approval. Currently, CITI is underwriting with a cushion of 1.00%. The Interest Reserve will be sized based on an analysis of the projected draw schedule for the Loan from closing on the Construction Phase financing through Conversion. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 126 Packet Pg. 145 1.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 4 Budget and Contingencies: The budget for the Construction Phase, including all budget line items, is subject to CITI approval. The budget shall include a hard cost contingency of no less than 5% of budgeted hard costs for new construction projects and no less than 10% of budgeted hard costs for rehabilitation projects. The budget shall include a soft cost contingency of no less than 5% of budgeted soft costs, excluding 1) soft costs incurred prior to or in connection with closing; 2) interest reserve and bank fees; 3) capitalized operating reserve deposits and other costs that may be due in connection with Conversion for which specific sources are identified; and 4) developer fees. General Contractor and Bonding Requirements: Retainage: PERMANENT PHASE Permanent Phase Loan Amount: The general contractor and the construction contract must be acceptable to CITI. CITI will require payment and performance bonds equal to 100% of the construction contract amount. Surety issuing bonds must have an A.M. Best rating of "A/VIII" or better and must be acceptable to CITI in all other respects. In lieu of bonds, CITI will accept a letter of credit ("LC") equal to 10% of the hard cost budget. LC provider must be rated "BBB" or better. Construction contract will provide for a minimum retainage of 10% of each construction pay application until "substantial completion" (as defined in the Loan documents). Retainage percentage amounts can be revised, upon review and approval by CITI, at CITI's sole discretion, but only down to a minimum of 10% until 50% completion and then 0% retention withheld thereafter. No release of retainage is permitted for achieving 50% completion. All retained amounts will be released upon final, lien -free completion of construction, as approved by CITI. The estimated Permanent Phase Loan Amount is currently estimated to be in the maximum amount of $20,000,000 or such other loan amount supported by CITI's underwriting of the Property at the time of Conversion in accordance with CITI's underwriting requirements including those listed below. Term/Amortization: 15/35 years. Yield Maintenance Period: From Closing until 6 months prior to the end of the Permanent Phase. Permanent Phase Interest Rate: Fixed rate equal to 5.25%. Interest Calculation: Act/360 Conversion to Permanent Phase Requirements: Conversion requirements include completion of construction and 90% physical occupancy of Project for three consecutive calendar months. CITI will review the Property's net operating income to determine the maximum Permanent Phase Loan Amount based on the Debt Service Coverage and Loan -to -Value noted below. For purposes of this Term Sheet, the term "Construction Phase" means the period from the Closing Date through the day prior to the Conversion Date and the term "Permanent Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 127 Packet Pg. 146 1.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 5 Phase" means the period from the Conversion Date (inclusive) through the maturity date (or earlier termination) of the Project's permanent financing. Debt Service Coverage: A minimum of 1.15 to 1.00. Loan -to -Value: 90% of market value, based on restricted rents and inclusive of value of permanent below market financing (if applicable), assuming project rents on 80% or more of the units are discounted to a level at least 10% below market. Otherwise, 85%. Replacement Reserve: Upon Conversion, Borrower will be required to fund a Replacement Reserve for each of the first five years following Conversion in a minimum amount of $300/unit/year. For each successive five year period thereafter until Permanent Loan maturity, the Replacement Reserve level will be determined by a new Physical Needs Assessment acceptable to CITI. Taxes and Insurance: Commencing upon Conversion, real estate taxes and insurance premiums must be escrowed with the Loan servicer ("Servicer") on a monthly prorated basis in an amount sufficient to enable the Servicer to pay (at least 30 days before due) all taxes, assessments, insurance premiums or other similar charges affecting the Property. OTHER Appraisal, Environmental, Plan/Cost Reviews: Appraisal and Plan/Cost Review reports will be commissioned and reviewed by CITI. CITI may rely upon environmental reports commissioned by Borrower if report is current (within 12 months) and CITI has been provided evidence of acceptable E&O insurance coverage carried by Borrower's environmental consultant and a reliance letter in form acceptable to CITI. Appraisal, environmental condition and plan/cost reviews must be acceptable to CITI in all respects. Property Tax Abatements, Incentives: All documentation related to any tax abatement or tax incentives must be acceptable to CITI in all respects. Developer Fee: Any developer fee paid prior to conversion to the Permanent Phase shall be pre -approved by CITI in its sole discretion. FEES & EXPENSES Application Fee: $25,000, which amount shall be non-refundable (except as set forth in the "Exclusivity" section of the Preliminary Application, if applicable) and due and payable upon acceptance of a Preliminary Application. This fee is applicable toward third party reports, loan underwriting and processing (in the minimum amount of $5,000), and CITI's initial legal fees. Applicant is responsible for the payment of all reasonable costs incurred in connection with the underwriting, processing and/or closing of the Loan (including CITI legal fees). Origination Fee: CITI Legal Fees (est): A non-refundable Origination Fee equal to 1.00% of the Construction Phase Loan Amount and 1.00% of the Permanent Phase Loan Amount ("Origination Fee") shall be earned in full by CITI upon the closing of the Loan, and is due and payable at that time. Estimated fees of CIT1's counsel for the initial closing are to be determined and assumes no significant negotiation over CIT1's form documents. A portion of the Application Fee will be applied to initial CITI counsel fees. Applicant agrees to make a supplemental Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 128 Packet Pg. 147 1.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 6 Course of Construction Inspections (est): Construction Term Extension Fee: Conversion Fee and Expenses: Other Costs: Term Sheet Expiration Date: deposit to cover CITI's counsel fees once commences, if requested. Fees of CITI's counsel for work associated Permanent Phase are to be determined. To be determined. 0.25% of the Construction Phase Loan Amount for the first extension and 0.50% of the Construction Phase Loan Amount for the second extension. the drafting of legal documentation with Conversion of the Loan to the A Conversion fee equal to $10,000 will be charged by CITI. Other expenses, including insurance review, site inspection and loan servicer set-up fees are estimated to be $5,000. Applicant is responsible for costs of survey, title insurance policy, hazard insurance policy, tax escrow fee and all other normal and customary loan closing expenses. Fifteen (15) days after the date hereof, unless attached to a Preliminary Application letter. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 129 Packet Pg. 148 1,.1.b Term Sheet - CITI Construction to Permanent Loan — Non-LIHTC Product Wynwood Works (Miami, Florida) August 12, 2019 Page 7 The provision of information in this Term Sheet is not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product or transaction. Even if CITI possesses information as to your objectives in relation to any transaction, series of transactions or trading strategy, this will not be deemed sufficient for any assessment of suitability for you of any transaction, series of transactions or trading strategy. This Term Sheet is provided for information purposes and is intended for your use only. Except in those jurisdictions where it is impermissible to make such a statement, CITI hereby informs you that this Term Sheet should not be considered as a solicitation or offer to sell or purchase any securities or other financial products. This Term Sheet does not constitute investment advice and does not purport to identify all risks or material considerations which should be considered when undertaking a transaction. CITI makes no recommendation as to the suitability of any of the products or transactions mentioned. Any trading or investment decisions you take are in reliance on your own analysis and judgment and/or that of your advisors and not in reliance on us. CITI often acts as (i) a market maker; (ii) an issuer of financial instruments and other products; and (iii) trades as principal in many different financial instruments and other products, and can be expected to perform or seek to perform investment banking and other services for the issuer of such financial instruments or other products. The author of this Term Sheet may have discussed the information contained herein with others within or outside CITI and the author and/or such other Citi personnel may have already acted on the basis of this information (including by trading for CITI's proprietary accounts or communicating the information contained herein to other customers of CITI). CITI, CITT's personnel (including those with whom the author may have consulted in the preparation of this Term Sheet), and other customers of CITI may be long or short the financial instruments or other products referred to in this Term Sheet, may have acquired such positions at prices and market conditions that are no longer available, and may have interests different from or adverse to your interests. CITI is required to obtain, verify and record certain information that identifies each entity that enters into a formal business relationship with CITI. CITI will ask for your complete name, street address, and taxpayer ID number. CITI may also request corporate formation documents, or other forms of identification, to verify information provided. Although Citibank, N.A. (together with its subsidiaries and branches worldwide, "Citibank") is an affiliate of CITI, you should be aware that none of the financial instruments or other products mentioned in this tern sheet (unless expressly stated otherwise) are (i) insured by the Federal Deposit Insurance Corporation or any other governmental authority, or (ii) deposits or other obligations of, or guaranteed by, Citibank or any other insured depository institution. IRS Circular 230 Disclosure: CITI and its employees are not in the business of providing, and do not provide, tax or legal advice to any taxpayer outside of CITI. Any statements in this term sheet regarding tax matters were not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. © 2019 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and arc used and registered throughout the world. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 130 Packet Pg. 149 Citi Community Capital 2018 1 Affordable Housing Snapshot OFFICE LOCATIONS 12 Offices Nationally Boca Raton Chicago Denver Houston Los Angeles Nashville New York San Francisco Seattle Sioux Falls Thousand Oaks Washington, D.C. Part of Citi's Municipal Securities Division AFFORDABLE HOUSING ACTIVITY PRODUCTS AND SERVICES Acquisition Lending Construction Lending Permanent Lending Agency (Freddie Mac, Fannie Mae) Portfolio Solutions Tax Credit Equity Investment Banking Source: Citi Billion in lending Million in LIHTC equity Clients 411) Projects States and US territories ALL IN 2018 091. '13d la)ioed WHERE TRANSACTIONS HOW WE RANK CLOSED hl writ 1111Tri,01 4�. 12018 'fF Previous 5 Years Prior to 2013 *CCC Offices FINANCING BY PRODUCT TYPE 50% Construction to Perm 25% Construction 9% Permanent 2% Acquisition 5% Investment Banking 10% Agency Lending (Freddie Mac & Fannie Mae) LIHTC INVESTMENTS 37% Direct LIHTC 63% Other ($ IN BILLIONS) 24.5 $ 19.2 12.4 $ 8.5 2014 2015 2016 ■ 2017 ■ 2018 5.3 5.1 - ,— 4.8 4.8 Cltl 13,3/ ✓°41 Cdp/ta/kPYgd Cr6, ✓<< go f' 12) 9O'/2chdse CnP �k Source: Affordable Housing Finance, March 2015, 2016, 2017, 2018, 2019 o. CONVERSIONS 95% Construction to Perm 4% Freddie Mac 1% NYCERS 0 2019 Citibank, N.A. Member FDIC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. Citi (a) expressly disclaims any representations or warranties with respect to the accuracy and completeness of the information contained in this communication, (b) expressly states that this information is subject to change, and (c) accepts no liability for any loss that may arise from any use of the information within this communication. cffi0 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 1.1.b Tab 12 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 132 Packet Pg. 151 1.1.b Certification Statement Please quote on this form. if applicable, net prices for the item(s) listed. Return signed original and retain a copy for your files. Prices should include all costs, including transportation to destination. The City reserves the right to accept or reject all or any part of this submission. Prices should be firm for a minimum of 180 days following the time set for closing of the submissions. In the event of errors in extension of totals, the unit prices shall govern in determining the quoted prices. We (I) certify that we have read your solicitation, completed the necessary documents, and propose to furnish and deliver, F.O.B. DESTINATION, the items or services specified herein. The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations, or debarred or suspended as set in section 18-107 or Ordinance No. 12271. All exceptions to this submission have been documented in the section below (refer to paragraph and section). EXCEPTIONS: We (I) certify that any and all information contained in this submission is true; and we (I) further certify that this submission is made without prior understanding, agreement. or connection with any corporation, firm, or person submitting a submission for the same materials, supplies, equipment, or service, and is in all respects fair and without collusion or fraud. We (I) agree to abide by all terms and conditions of this solicitation and certify that 1 am authorized to sign this submission for the submitter. Please print the following and sign your name: PROPOSER NAME: Magellan Housing, LLC ADDRESS: 2100 Coral Way, Suite 405, Miami. FL 33145 PHONE: 305-528-0166 FAX: 713-588-2423 EMAIL: Nick.lnamdar@MagellanDev.com CELL(Optional): SIGNED BY• Nikul A. Inamdar TITLE. Managing Member DATE: 9/3/2019 FAILURE TO COMPLETE. SIGN, AND RETURN THIS FORM SHALL DISOUALIFY THIS RESPONSE. Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Page 2 of 22 133 Packet Pg. 152 1.1.b Certifications Legal Name of Firm: Magellan Housing, LLC Entity Type: Partnership, Sole Proprietorship, Corporation, etc. Limited Liability Company Year Established: 2016 Office Location: City of Miami, Miami -Dade County, or Other Location in Florida: 2100 Coral Way, Suite 405, Miami, FL 33145 Local Business Tax Receipt / Occupational License Number: 161306 Local Business Tax Receipt / Occupational License Issuing Agency: City of Miami Local Business Tax Receipt / Occupational License Expiration Date: September 30, 2019 Will Subcontractor(s) be used? (Yes or No) Yes Please list and acknowledge all addendum/addenda received. List the addendum/addenda number and date of receipt (Le. Addendum No. 1, 7/1/18). If no addendum/addenda was/were issued, please insert N/A. ti Addendum No. 1, 7/31/19; Addendum No. 2, 8/16/19; Addendum No. 3, 8/23/19; Addendum No. 4, 8/30/1 e c 0 a a1 Yes, Proposer has reviewed the attached Sample Development Agreement and Sample Covenant. a m Acknowledge that if awarded, Proposer will be required to execute the Development Agreement and rn Covenant in substantially the attached form. Has Proposer reviewed the attached Sample Development Agreement and Sample Covenant? Proposer acknowledges that if awarded, Proposed will be required to execute the Development Agreement and Covenant in substantially the attached form. 2043 North Miami Avenue Affordable Housing RFP 992381 Award) c a) E t 0 134 Page 3 of 22 Packet Pg. 153 1.1.b Line: 1 Description: Proposers are not required to enter any information on this line. Proposers shall provide total project development costs within their Proposals, as stipulated by Section 3.1, Submittal Format, Subsection 5, Financing Plan Category: 90957-00 Unit of Measure: Each Unit Price: $ Number of Units: 3 Total: $ Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 135 Page 4 of 22 Packet Pg. 154 1.1.b ATTACHMENT A CERTIFICATE OF DEBARMENT AND SUSPENSION STATE OF FLORIDA ) ) SS/ EIN: 81-4571735 COUNTY OF MIAMI-DADE ) DATE: 8/29/2019 (a) Authority and requirement to debar and suspend: After reasonable notice to an actual or prospective contractual party, and after reasonable opportunity to such party to be heard, the Executive Director, after consultation with the City Attorney as General Counsel, shall have the authority to debar a contractual party for the causes listed below from consideration for award of CRA contracts. The debarment shall be for a period of not fewer than three years. The Executive Director shall also have the authority to suspend a contractor from consideration for award of CRA and City contracts if there is probable cause for debarment. Pending the debarment determination, the authority to debar and suspend contractors shall be exercised in accordance with regulations, which shall be issued by the Chief Procurement Officer after approval by the Executive Director, the City Attorney, and the CRA Board or City Commission. (b) Causes for debarment or suspension include the followingj 1. Conviction for commission of a criminal offense incident to obtaining or attempting to obtain a public or private contract or subcontract, or incident to the performance of such contract or subcontract. 2. Conviction under state or federal statutes of embezzlement, theft, forgery, bribery, falsification or destruction of records, receiving stolen property, or any other offense indicating a lack of business integrity or business honesty. 3. Conviction under state or federal antitrust statutes arising out of the submission of bids or Proposals. 4. Violation of contract provisions, which is regarded by the Chief Procurement Officer to be indicative of non -responsibility. Such violation may include failure without good cause to perform in accordance with the terms and conditions of a contract or to perform within the time limits provided in a contract, provided that failure to perform caused by acts beyond the control of a party shall not be considered a basis for debarment or suspension. 5. Debarment or suspension of the contractual party by any federal, state or other governmental entity. 6. False certification pursuant to paragraph (c) below. 7. Any other cause judged by the Executive Director to be so serious and compelling as to affect the responsibility of the contractual party performing CRA and City contracts. Page 1 of 2 136 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 155 1.1.b (c) Certification: All contracts for goods and services, sales, and leases by the CRA and City shall contain a certification that neither the contractual party nor any of its principal owners or personnel has been convicted of any of the violations set forth above or debarred or suspended as set forth in paragraph (b) (5). The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel has been convicted of any of the violations set forth above, or debarred or suspended as set forth in paragraph (b) (5). IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Magellan Housing LLC (Company Name) a Florida Limited Liability Company By: /''' J Print Name: Nikul A. lnamdar Title: Managing Member � �% ` Sworn to and subscribed before me this 2. \ day` of • 'v , by \cam. .�ao.\ (�4 , as • quao�.-. '44, . Q.voe 1 of®AcIr e1\r., ` .i..LC- a , on behalf of said entity, wholes s ( i- ) personally known to- me or ( ) has produced the following identification rli:ti'�•. NAYELIS GARRIDO r• MY COMMISSION # GG 032929 .�. •o; EXPIRES: September 22, 2020) %,aNc. •• Bonded Thru Notary Public Underwriters (Printed, typed or stamped commissioned / Notary "1 ublic - State of FI�rida My commission expires q 4 Zz Page 2 of 2 137 Packet Pg. 156 1.1.b ATTACHMENT B CERTIFICATION REGARDING LOBBYING Certification for Contracts, Grants, Loans, and Cooperative Agreements The undersigned certifies to the best of his or her knowledge and belief, that: (1) No appropriated funds have been paid, or will be paid, by or on behalf of the undersigned, to any person for influencing or attempting to influence an officer or employee of an agency a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any contract, the making of any grant, the making of any loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any contract, grant, loan, or cooperative agreement. (2) If any funds other than appropriated funds have been paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit Standard Form-LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions. (3) This undersigned shall require that the language of this certification be included in the award documents for "All" sub -awards at all tiers (including subcontracts, sub -grants, and contracts under grants, loans, and cooperative agreements) and that all sub -recipients shall certify and disclose accordingly. This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a pre -requisite for making or entering into this transaction imposed by Section 1352, Title 31, U.S. Code, all local rules, and laws of the state of Florida. Any person who fails to tile the required certification shall be subject to a civil penalty of not Tess than $10,000 and not more than $100,000 for each such failure. Magellan Housing LLC a Florida Limited Liability Company By: Nikul A , its Managing Member By: Print Name: Nikul A. Inamdar Title: Managing Member * Note if applicable: In these instances, "All" in the Final Rule is expected to be clarified to show that it applies to covered contract/grant transactions over $100,000 (per QMB). 138 Packet Pg. 157 1.1.b ATTACHMENT C BENEFICIAL INTEREST AND DISCLOSURE OF OWNERSHIP AFFIDAVIT STATE OF FLORIDA COUNTY OF MIAMI-DADE } ) SS/EIN: 81-4571735 1. On 4th of September 2019, this Affidavit is submitted to the OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, a Public Agency and Body Corporate created pursuant to Section 163.356, Florida Statutes, whereupon the undersigned authority. personally appeared, Nikul A. lnamdar as Managing Member ("Corporate Representative") Magellan Housing LI,,C a Florida Limited Liability Company , whose mailing address is 2100 Coral Way. Suite 405. Miami. FL 33145, subject to the penalties prescribed for perjury, deposes and says: 2. The Corporate Representative has read the contents of this Affidavit, has actual knowledge of the facts contained herein, and states that the facts contained herein are true, correct, and complete. 3. The following is a list of every "person" (as defined in Section 1.01(3), Florida Statues to include individuals, children firms, associates. joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations and all other groups and combinations) holding 5% or more of the beneficial interest in the disclosing entity: (If more space is needed. attach separate sheet): 4. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties. notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit. IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Magellan Housing LLC , a Florida Limited liability Company Print Name: Nikul namdar By: Sworn to and, subscribed beforen`me this LAC`� , , on behalf of ty, produced the following identification �*.v.,: .,, NAYELIS GARRIDO J•, •�: MY COMMISSION # GG 032929 �rs��.P EXPIRES: September 22, 2020 •••: o ta•• Bonded Thru Notary Public Underwriters (Printed, typed or stamped commissioned Title: Managing Member ti day of �'1� °���� • �.LL bya pU a� said enti ,who is ( ) personally known to'1ne or ( ) has i y. Notary Public —State afFlorida My commission expires p _` zz z D t 139 Packet Pg. 158 1.1.b EXHIBIT D CERTIFICATE OF AUTHORITY STATE OF FLORIDA SS/ EIN : 81-4571735 COUNTY OF MIAMI-DADE I HEREBY CERTIFY that a meeting of the Members of Magellan Housing LLC a Florida Limited Liability Company (Type of Entity), whose mailing address is 2100 Coral Way, Suite 405, Miami, FL 33145 organized and existing under the laws of the State of Florida held on August 7th 20 19 , the following resolution was duly passed and adopted: "RESOLVED, that, Nikul A. lnamdar as Managing Member of Magellan Housing LLC be and is hereby authorized to execute the Contract for project located at 2035-2037-2043 N Miami Avenue , with the Omni Redevelopment District Community Redevelopment Agency official ("CRA"). I further certify that said resolution is now in full force and effect. " written. IN WITNESS WHEREOF. the undersigned has hereunto set its hand as of the day and year first above Magellan Housing LLC a Florida Limited Liability Company By: Print Name: Nikul A. lnamdar Title: Managing Member Sworn to and subscribed before me this -2.q day of •�J�� 2 19, by ` \c� S'N:-.oNtatC .cNN( f as QL \� 3.,�\,Q ( o \.LC, a , on behalf of said entity, who is ID) personally known to a or ( ) has produced the following identification 1 If_ NAYELIS GARRIDO •• r• • - MY COMMISSION GG 032929 :*_ P,= EXPIRES: September 22, 2020 "%f,,oF F. °.•' Bonded Thni Notary Public Underwriters (Printed, typed or stamped commissioned) % r. _✓ Notary Publid-j State of lE loiida My commission expires CI ZL 140 Packet Pg. 159 1.1.b EXHIBIT E CONFLICT OF INTEREST DISCLOSURE AFFIDAVIT CHAPTER 112, FLORIDA STATUTES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS. The undersigned, being first duly sworn, states: 1. The full legal name and business address of the person or entity contracting or transacting business with the City of Miami is: Magellan Housing LLC 2. The business is formed as a: Limited Liability Company 3. The business was formed or incorporated in the following year and state: 2016. Florida 4. The business is registered in the following state(s): Florida, 5. FOR CORPORATIONS: A. The following trustees, advisory board members or purchasing agents of the City or their spouses or children are officers or directors of the corporation: N/A B. The following trustees, advisory board members or purchasing agents of the City or their spouses or children or any combination thereof hold directly or indirectly more than 5% but Less than 10% ownership in the corporation's stock: N/A C. The following trustees, advisory board members or employees of the City or their spouses, children or parents hold directly or indirectly 10% or more of the ownership in the corporation's stock: N/A D. The following trustees, advisory board members or employees of the City are employees of or in a contractual relationship with the corporation: N/A 6. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties, notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit. [SIGNATURES CONTINUED] 1 2043 North Miami Avenue Affordable Housing RFP 992381 Award) OD 0) ti Attachment: 7928 Bid Response 141 Packet Pg. 160 1.1.b IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Magellan Housing LLC a Florida Limited Liability Company By: Print Name: Nikul A. Inamdar Title: Managing Member Sworn to ind /. subscribed befor me this 2 day of . ��� N wNACc1 , as q�1���� \„e .1 o , on behalf of said entity, who' is ( - ) personally known to produced the following identification '''Ty,,,, NAYELISGARRIDO 4. .•t ,,. MY COMMISSION # GG 032929 N. 4 EXPIRES: September 22, 2020 '''hf of F1t,P' Bonded Thru Notary Public Underwriters (Printed, typed or stamped commissioned Notary Public — Sf a of Florida My commission expires Cj J z z ,/ Z� ZO 2 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Attachment: 7928 Bid Response 142 Packet Pg. 161 1.1.b SWORN STATEMENT ON PUBLIC ENTITY CRIMES SECTION 287.133(3)(a), FLORIDA STATUTES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS. STATE OF FLORIDA ) ) SS/EIN: 81-4571735 COUNTY OF MIAMI-DADE ) 1. This sworn statement is submitted to the OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, a Public Agency and Body Corporate created pursuant to Section 163.356, Florida Statutes. by Nikul A. lnamdar. Managing Member [print individual's name and title] for Magellan Housing LLC !print name of entity submitting sworn statement' whose business address is; 2100 Coral Way. Suite 405. Miami. FL 33145 and (if applicable) its Federal Employer Identification Number (FEIN) is: 81-4571735 2. I understand that a "public entity crime" as defined in Paragraph 287.133(1)9g), Florida Statutes, means a violation of any state or federal law by a person with respect to and directly related to the transaction of business with any public entity or with an agency or political subdivision of any other state or the United States, including. but not limited to, any bid or contract for goods and services to be provided to any public entity or an agency or political subdivision of any other state or of the United States involving antitrust, fraud, theft, bribery, collusion, racketeering, conspiracy, or material misrepresentation. 3. I understand that "convicted" or "conviction" as defined in Paragraph 287.133(1)(b), Florida Statutes, means a finding of guilt or a conviction or a public entity crime, with or without an adjudication of guilt, in any federal or state trial court of record relating to charges brought by indictment or information after July 1, 1989, as a result of a jury verdict, nonjury trial, or entry of a plea of guilty or nolo contendere. 4. I understand than an "affiliate" as defined in Paragraph 287.133(1)(a), Florida Statutes, means: a. A predecessor or successor of a person convicted of a public entity crime; or b. An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term "affiliate" includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm's length agreement, shall be a prima facie case that one person controls another person. A person who Page 1of3 143 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) Packet Pg. 162 1.1.b knowingly enters into a Team with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate. 5. I understand that a "person" as defined in Paragraph 287. 1 33(1)(e), Florida Statutes, means any natural person or entity organized under the laws of any state or of the United States with the legal power to enter into a binding contract and which bids or applies to bid on contracts for the provision of goods or services let by a public entity, or which otherwise transacts or applies to transact business with a public entity. The term "person" includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an entity. 6. Based on information and belief, the statement that I have marked below is true in relation to the entity submitting this swom statement. [Indicate which statement applies.] X Neither the entity submitting this sworn statement, nor any officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity. not any affiliate of the entity, has been charged with and convicted of a public entity crime subsequent to July I, 1989. This entity submitting this sworn statement, or one or more of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. The entity submitting this sworn statement, or one or more of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. However, there has been a subsequent proceeding before a Hearing Officer of the State of Florida, Division of Administrative Hearings and the Final Order entered by the Hearing Officer determined that it was not in the public interest to place the entity submitting this sworn statement on the convicted vendor list. ]Attach a copy of the final order] 7. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties, notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit 1 UNDERSTAND THAT THE SUBMISSION OF THIS FORM TO THE CONTRACTING OFFICER FOR THE PUBLIC ENTITY IDENTIFIED IN PARAGRAPH 1 ABOVE IS FOR THAT PUBLIC ENTITY ONLY AND, THAT THIS FORM IS VALID THROUGH DECEMBER 31 OF THE CALENDAR YEAR IN WHICH IT IS FILED. I ALSO UNDERSTAND THAT 1 AM REQUIRED TO INFORM THE PUBLIC ENTITY PRIOR TO ENTERING INTO A CONTRACT IN EXCESS OF THE THRESHOLD AMOUNT PROVIDED IN SECTION 287.017, FLORIDA STATUTES, FOR CATEGORY TWO OF ANY CHANGE IN THE INFORMATION CONTAINED IN THIS FORM. ]SIGNATURES CONTINUED] Page 2 of 3 2043 North Miami Avenue Affordable Housing RFP 992381 Award) OD 0) ti Attachment: 7928 Bid Response 144 Packet Pg. 163 1.1.b IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Nikul A. Inamdar a Florida Limited Liability Company By: Print Name: Nikul A. inamdar Title: Managing Member 2019, by \ Spa ..kc,L 1 , as 0. o. 4r.._%3,\> e 1 o U$ . a , on behalf of said entity, who ( t—") personally known to m- or ( ) has produced the following identification Sworn to and subscribed before me this.q day of NAYELIS GARRIDO MY COMMISSION tf GG 032929 s,. EXPIRES: September 22, 2020 .Foe F,,,,o Bonded Thru Notary Public Underwniers 4 (Printed, typed or stamped commissioned Notary Public —'State of Florida My commission expires Page 3 of 3 145 2043 North Miami Avenue Affordable Housing RFP 992381 Award) OD 0) ti Attachment: 7928 Bid Response Packet Pg. 164 1.1.b Tab 13 Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 146 Packet Pg. 165 1.1.b WYW0D woRKs REFERENCES Developmental References Clarence Woods CRA Manager Northwest-Progresso-Flagler Heights Community Redevelopment Area City of Fort Lauderdale Community Redevelopment Agency 914 Sistrunk Boulevard, Suite 200 Fort Lauderdale, FL 33311 Phone: 954-828-4518 E-mail: CWoods@fortlauderdale.gov Kim Rohm Director The Gatehouse Group 120 Forbes Boulevard, Suite 180 Mansfield, MA 02048 Phone: 401-226-4743 E-Mail: rohmk@gatehousemgt.com Financial Institution References Mahesh Aiyer Director Citi Community Capital 2700 Post Oak Blvd., Suite 510 Houston, Texas 77056 Phone: 713-752-5046 E-mail: mahesh.aiyer@citi.com Lanie Wasserman SVP/Senior Lender Neighborhood Lending Partners of Florida, Inc. 3615 West Spruce Street Tampa, FL 33606 Phone: 813-384-2008 E-mail: Wasserman@nlp-inc.com Attachment: 7928 Bid Response (7928 : 2043 North Miami Avenue Affordable Housing RFP 992381 Award) 147 Packet Pg. 166 OMNI-CRA Wynwood Works SOURCES AND USES OF FUNDS SOURCES AND USES OF FUNDS SOURCES Financing First Mortgage Omni CRA Omni-CRA Land Contribution Deferred Developer Fee DEBT STRUCTURE AND SOURCES OF FUNDS First Mortgage Amount Rate 22,000,000 Term/Amortization Period 9,900,000 Debt Service 6,500,000 Per Unit 2,554,894 40,954,894 40,954,894 USES Omni CRA $22,000,000 4.50% 30 $1,337,649 $211,538 Amount Rate Term Debt Service Per Unit Acquisition - Land 6,500,000 Art Facade 225,000 PROJECT SCHEDULE $9,900,000 0.00% 30 $0 $95,192 Construction - Hard 23,794,680 Construction - Retail Build Out 241,596 Construction Loan Closing Construction Rep 240,000 Certificate of Occupancy (High Rise) FF&E 300,000 First Unit Occupancy Construction - Contingency 1,201,814 Units Occupied per Month Architect - Design 365,600 100% Occupancy Architect - Supervision 80,000 Stabilization Date Engineering Fee 446,600 Survey 45,000 Legal 475,000 Marketing and Lease -up 213,500 Title Insurance 125,000 Closing Costs 32,231 N/A 0 Accounting Fees 145,000 Appraisal 15,000 Market Study 12,000 Environmental 25,000 Contingency - Soft Costs 250,000 Inspection Fees 20,000 Impact Fees 590,625 Building Permit 237,947 Taxes - Construction 160,000 Insurance 200,000 Interest - Construction 1,200,000 Interest - Bridge Loan 0 Loan Fees/Costs - Const/Perm 465,000 Interest- Predevelopment Loan 150,000 City of Miami City Incurred Costs 0 Tax Credit Fees - Allocation 0 Tax Credit Fees - Application 0 Tax Credit Fees - Underwriting 0 Tax Credit Fees - Compliance 0 Replacement Reserves 0 Utility Connection Fee 124,044 N/A 0 Operating Reserve 250,000 38,130,637 N/A 0 Developer's Fee 2,824,257 2,824,257 TOTAL USES 40,954,894 SURPLUS/(DEFICIT) 0 18 mos. 09/15/2021 03/17/2023 04/01/2023 20 10/01/2023 01/01/2024 1.1.c Attachment: 7928 Wynwood Works Budget (7928 : 2043 North Miami Avenue Affordable Housing RFP OMNI-CRA Workforce Housing Activel [9/21/2020 (8:28 PM)] Packet Pg. 167 RENTAL AND OTHER INCOME 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Residential 11 0 Bed/1 Bath 30% Median 480 63,360 64,152 64,954 65,766 66,588 67,420 68,263 69,116 69,980 70,855 71,741 72,637 73,545 74,465 7 11 0 Bed/1 Bath 50% Median 800 105,600 106,920 108,257 109,610 110,980 112,367 113,772 115,194 116,634 118,092 119,568 121,062 122,576 124,108 12 0 0 Bed/1 Bath 80% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 0 Bed/1 Bath 120% Median 1,920 460,800 466,560 472,392 478,297 484,276 490,329 496,458 502,664 508,947 515,309 521,750 528,272 534,876 541,562 54 0 0 Bed/1 Bath 140% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Bed/1 Bath 30% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Bed/1 Bath 50% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Bed/1 Bath 80% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43 1 Bed/1 Bath 120% Median 2,058 1,061,928 1,075,202 1,088,642 1,102,250 1,116,028 1,129,979 1,144,103 1,158,405 1,172,885 1,187,546 1,202,390 1,217,420 1,232,638 1,248,046 1,26 0 1 Bed/1 Bath 140% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 D 2 Bed/1 Bath 30% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 Bed/1 Bath 50 % Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 Bed/1 Bath 80 % Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 2 Bed/1 Bath 120% Median 2,469 355,536 359,980 364,480 369,036 373,649 378,320 383,049 387,837 392,685 397,593 402,563 407,595 412,690 417,849 42 0 2 Bed/1 Bath 140% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 Bed/2 Bath 30% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 Bed/2 Bath 50% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 Bed/2 Bath 80 % Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 3 Bed/2 Bath 120% Median 2,853 239,652 242,648 245,681 248,752 251,861 255,009 258,197 261,424 264,692 268,001 271,351 274,743 278,177 281,654 28 0 3 Bed/2 Bath 140% Median 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 Bed/2 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104 Total Residential Rent 2,286,876 2,315,462 2,344,405 2,373,710 2,403,382 2,433,424 2,463,842 2,494,640 2,525,823 2,557,396 2,589,363 2,621,730 2,654,502 2,687,683 2,72 TOTAL GROSS INCOME Retail Income (reflects Anticipated Retail Rent) Miscelleneous Income 201,330 207,370 213,591 219,999 226,599 233,397 240,399 247,611 255,039 262,690 270,571 278,688 287,048 295,660 30 116,160 117,612 119,082 120,571 122,078 123,604 125,149 126,713 128,297 129,901 131,525 133,169 134,833 136,519 13 2,604,366 2,640,444 2,677,078 2,714,280 2,752,058 2,790,424 2,829,389 2,868,963 2,909,159 2,949,986 2,991,458 3,033,586 3,076,383 3,119,861 3,16 Less Vacancy/Bad Debt 5.00% 130,218 132,022 133,854 135,714 137,603 139,521 141,469 143,448 145,458 147,499 149,573 151,679 153,819 155,993 15 EFFECTIVE GROSS INCOME 2,474,148 2,508,422 2,543,224 2,578,566 2,614,455 2,650,903 2,687,920 2,725,515 2,763,701 2,802,487 2,841,885 2,881,907 2,922,564 2,963,868 3,00 LESS OPERATING EXPENSES Payroll 208,272 214,520 220,956 227,584 234,412 241,444 248,688 256,148 263,833 271,748 279,900 288,297 296,946 305,854 31 Utilities 72,800 74,984 77,234 79,551 81,937 84,395 86,927 89,535 92,221 94,987 97,837 100,772 103,795 106,909 11 Repair/Maintenance 70,720 72,842 75,027 77,278 79,596 81,984 84,443 86,977 89,586 92,274 95,042 97,893 100,830 103,855 10 Management Fee 123,707 125,421 127,161 128,928 130,723 132,545 134,396 136,276 138,185 140,124 142,094 144,095 146,128 148,193 15 Administrative 52,000 53,560 55,167 56,822 58,526 60,282 62,091 63,953 65,872 67,848 69,884 71,980 74,140 76,364 7 Taxes 156,000 160,680 165,500 170,465 175,579 180,847 186,272 191,860 197,616 203,545 209,651 215,940 222,419 229,091 23 Insurance 187,200 192,816 198,600 204,558 210,695 217,016 223,527 230,232 237,139 244,254 251,581 259,129 266,902 274,910 28 Reserves 36,400 37,492 38,617 39,775 40,969 42,198 43,464 44,767 46,110 47,494 48,919 50,386 51,898 53,455 5 Total Expenses (per unit) $8,722 907,099 932,315 958,262 984,962 1,012,437 1,040,711 1,069,807 1,099,749 1,130,563 1,162,273 1,194,908 1,228,493 1,263,058 1,298,631 1,33 NET OPERATING INCOME 1 1,567,048 1,576,107 1,584,963 1,593,604 1,602,018 1,610,192 1,618,113 1,625,766 1,633,138 1,640,214 1,646,978 1,653,414 1,659,506 1,665,237 1,67 CASH FLOW BEFORE DEBT SERVICE $1,567,048 $1,576,107 $1,584,963 $1,593,604 $1,602,018 $1,610,192 $1,618,113 $1,625,766 $1,633,138 $1,640,214 $1,646,978 $1,653,414 $1,659,506 $1,665,237 $1,67 LESS DEBT SERVICE First Mortgage 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,337,649 1,33 Omni-CRA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Omni-CRA Land Contribution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DSC P. DSC P. Total Debt Service 1,337,649 1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,337,649 $1,33 First Mortgage All Debt Attachment: 7928 Wynwood Works Budget (7928 : 2043 North Miami Avenue Affordable Housing RFP 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 1.23 1.24 1.24 1.24 1.25 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 1.23 1.24 1.24 1.24 1.25 NET CASH FLOW 229,399 238,458 247,313 255,955 264,369 272,543 ' 280,463 288,117 295,489 302,565 309,328 315,765 321 OMNI-CRA Workforce Housing Activel [9/21/2020 (8:42 PM)] Packet Pg. 168 OMNI Board of Commissioners Meeting September 24, 2020 1.2 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Alex Diaz de la Portilla Date: September 22, 2020 7929 and Members of the CRA Board Jason Walker Executive Director Subject: Wynwood Haus Economic Incentive Agreement Enclosures: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal BACKGROUND: 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 the 2010 CRA Redevelopment Plan ("Plan"). TSG Group, Lineaire Group and Wynwood Haus LLC(the "Developers") and owners of the property located within the Omni Community Redevelopment Agency ("CRA") boundaries at NE 17th Terrace and North Miami Avenue, identified by folio numbers 01- 3136-003-0140; -0150; -0160; -0170; -0180; -0190 (the "Property") submitted a request to the CRA for Tax Increment Rebate and a Grant proposal ("Proposal")for the Wynwood Haus project for consideration by the Board. The Wynwood Haus project consists of a boutique 20-story, 224-unit for -rent development with approximately 5,200 SF of ground floor amenity retail ("Project.") In order to be able to carry out the proposed Project, the Developers are seeking the financial support of the CRA. Total impact fees, permitting fees, and streetscape/sidewalk improvements, including the ground floor landscaping designed by Enzo Enea, are projected to cost over $3.8M. To underwrite a portion of the costs, the Developers are requesting: (1) A rebate of 95% of the TIF collected by the CRA during its anticipated term through 2047. This benefit represents a present value of $6,387,662 and a (2) A project grant of $1.1 M ($4,911 / unit) paid out in equal quarterly installments over 3 years ($91,666.66 per quarter for 12 quarters) or disbursement as agreed by the Executive Director. The Developers are also offering to give back to the CRA 3.0% of all retail gross rent proceeds that the Developer collects from the Property's ground -floor retail during the Packet Pg. 169 initial 15 year period after completion of the development. The units will also be restricted until 2047 and any additional extensions. 1.2 JUSTIFICATION: The 2010 Redevelopment Plan on page 41, Section C-2 lists the objective of the CRA to, "Provide incentives for the development of a variety of housing choices, including affordable, special needs and a workforce housing." Additionally on page 41, Section C titled, Variety of Housing", subsection D-3 specifically states the "Provision of incentives for the construction of new housing to attract downtown workers." The proposal is also consistent with Section D of the plan on page 42 Section D stating CRA objectives as "Improvements to the Public Realm" and "to "[e]nhance the areas' visual attractiveness to businesses and residents." This project is consistent with Florida Statute 163 and also the goals and objectives of the 2010 Omni CRA Redevelopment Plan. RECOMMENDATION: In light of the above mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of the resolution is recommended. City of Miami Page 2 of 4 File ID: 7929 (Revision:) Printed On: 9/22/2020 Packet Pg. 170 1.2 Omni CRA City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7929 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE CRA TO REBATE TO WYNWOOD HAUS, LLC ("GRANTEE") THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED BY THE DEVELOPMENT OF THE GRANTEE'S PROJECT IN AN AMOUNT NOT TO EXCEED 95% OF THE TIF COLLECTED FROM THE PROPERTY ANNUALLY UNTIL 2030, OR UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED $12,935,674.61; AUTHORIZING THE TIF PAYMENTS TO BEGIN UPON SUBSTANTIAL COMPLETION OF THE PROJECT AND THE RECEIPT OF A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047; FURTHER AUTHORIZING THE CRA TO COLLECT THREE PERCENT (3%) OF RETAIL GROSS RENT PROCEEDS THAT THE GRANTEE COLLECTS FROM THE PROPERTY'S GROUND FLOOR RETAIL DURING THE INITIAL 15 YEAR PERIOD AFTER SUBSTANTIAL COMPLETION OF THE DEVELOPMENT; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO FURTHER NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN FORMS ACCEPTABLE TO GENERAL COUNSEL, FOR A MIXED -USE DEVELOPMENT OF PROPERTIES LOCATED AT 01-3136-003-0140, 01-3136-003- 0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, AND 01-3136-003- 0190, ALL LOCATED IN THE CRA REDEVELOPMENT AREA. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, Wynwood Haus LLC. ("Grantee") submitted a request for an economic incentive agreement and a project grant request ("Proposal") for the Wynwood Haus Project to be underwrite a portion of the costs to develop a mixed -use project identified by folio numbers 01-3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003- 0180, and 01-3136-003-0190 (collectively, "Property"), all located within the boundaries of the CRA consisting of approximately 5,200 square feet of ground floor amenities and approximately 224 housing units; and WHEREAS, the Grantee request that the tax increment finance ("TIF") revenues generated by the project be rebated in an amount not to exceed 95% of the TIF collected from the Property annually until 2030, or until 2047 if the life of the CRA is extended to 2047, for a total amount not to exceed $12,935,674.61 with payments to begin upon substantial completion and the project receiving a certificate of occupancy or temporary certificate of occupancy and subject to the rents being restricted until 2047; and WHEREAS, the Grantee proposes to also give back to the CRA 3% of all retail gross rent proceeds that the Grantee collects from the Property's ground floor retail during the initial 15 year period after substantial completion of the development; and City of Miami Page 3 of 4 File ID: 7929 (Revision:) Printed On: 9/22/2020 Packet Pg. 171 WHEREAS, the 2010 Redevelopment Plan ("Plan") on page 41, section D-2 lists the objective of the CRA "to create a variety of housing"; and 1.2 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 WHEREAS, the success of the Proposal will result in accomplishing the stated objectives of the Plan; 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. The TIF revenues generated by the project shall be rebated in an amount not to exceed 95% of the TIF collected from the Property annually until 2030, or until 2047 if the life of the CRA is extended to 2047, for a total amount not to exceed $12,935,674.61 with payments to begin upon substantial completion and the project receiving a certificate of occupancy or temporary certificate of occupancy and subject to the rents being restricted until 2047 as more particularly detailed in a restrictive covenant that will be recorded in the public records of Miami -Dade County; and Section 3. The CRA is authorized to collect 3% of all retail gross rent proceeds that the Grantee collects from the Property's ground floor retail during the initial 15 year period after substantial completion of the development. Section 4. The Executive Director is authorized to negotiate and execute an agreement, all renewals and/or extensions, and supporting documents, including but not limited to a restrictive covenant regarding the rent restrictions, all in forms acceptable to the General Counsel, with the Grantee. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 7929 (Revision:) Printed On: 9/22/2020 Packet Pg. 172 1.2.a July 13, 2020 Via Hand -Delivery Mr. Jason Walker, Executive Director Omni Community Redevelopment Agency Historic Firehouse #2, 2nd Floor 1401 N. Miami Avenue Miami, FL 33136 Re: Wynwood Haus - Tax Increment Rebate & Grant Proposal Dear Mr. Walker: TSG Group, Lineaire Group and Wynwood Haus LLC (the "Developers") and owners of the property located within the Omni Community Redevelopment Agency ("CRA") boundaries at NE 17th Terrace and North Miami Avenue, identified by folio numbers 01-3136-003-0140; - 0150; - 0160; - 0170; - 0180; - 0190 (the "Property") are pleased to submit the enclosed Tax Increment Rebate and Grant proposal ("Proposal") for the Wynwood Haus project for your consideration. The Wynwood Haus project consists of a boutique 20-story, 224-unit for -rent development with approximately 5,200 SF of ground floor amenity retail ("Project"). The Proposal is consistent with the strategic plan and goals of the CRA Redevelopment Plan (2019 Amendment) which seeks to expand the supply of affordable and workforce housing within the CRA boundaries. Affordable and workforce housing units forming part of the Project will provide needed housing inventory to critical employees within the Miami market, including: (i) registered nurses (avg. annual salary: $56,925) (ii) teachers (median annual salary: $46,000); (iii) police officers (avg. base annual salary: $53,715); (iv) firefighters (avg. annual salary: $54,9430; (iv) hospitality service workers; and (v) recent college graduates (avg. starting salary: $50,004). The Developers have obtained site plan approval for the Project from the City of Miami, and are ready, willing and able to break ground in 2020, creating jobs and fostering growth during a period of economic uncertainty stemming from the COVID-19 global pandemic and its economic ramifications. We look forward to your favorable consideration of this Proposal and the CRA board's approval. Sincerely, Diego Bonet Wynwood Haus cc: Anthony Balzebre, Assistant Director 37118937.1 07/17/2020 Packet Pg. 173 Wynwood Haus — CRA Proposal 1.2.a TSG CROUP Lineaire Group Wynwood Haus - CRA Proposal September 16, 2020 1 Packet Pg. 174 Wynwood Haus — CRA Proposal 1.2.a PROJECT OVERVIEW TSG Group and Lineaire Group ("the Developers") are pleased to present Wynwood Haus (the "Property") for consideration to the OMNI CRA (the "CRA"). The Property is located on NE 17th Terrace and North Miami Avenue and consists of a boutique 20-story, 224-unit for -rent development with over 5,200 SF of ground floor amenity retail. Designed by local firm Corwil Architects and curated by world renowned landscape designer Enzo Enea, Wynwood Haus caters to younger generations and families attracted to the amenities and lifestyle the Arts & Entertainment and Wynwood neighborhoods offer. The Property features Studio (19%), One - Bedroom (56%), and Two -Bedroom (25%) units with world -class amenities, including a rooftop pool, lounge, and gym with stunning views of the Brickell skyline, the Miami Signature Bridge, Downtown, and the Miami Bay. Wynwood Haus' central location between the Arts & Entertainment District, Wynwood, and Downtown, and within walking distance of the Metromover rail route offers an abundance of lifestyle and entertainment options and easy access to the broader Miami metro. The Developers have already obtained Site Plan Approval from the City and are looking to break ground in Q1-2021. ALIGNMENT WITH CRA VISION Consistent with the CRA's mission, the development will achieve the following goals: (1) Enhance the quality of life of current neighborhood residents: • The entire west face of the building along North Miami Avenue will be dedicated to ground floor amenity retail space for the neighborhood. The design includes 4 retail spaces totaling 5,200+ SF (over 20% of the total ground floor footprint) with local tenants that will be carefully curated to complement the current neighborhood offerings. • The Developers have assembled a world -class team of best -in -their -field experts for the architecture, design, and landscaping and have conceptualized a building that not only complements the surrounding developments, but is also aesthetically innovative and elevates the neighborhood. All common areas, including public areas such as lobby and exteriors have been meticulously designed (please refer to attached renderings). As part of the project, the Developers will also be making a direct investment of over $500,000 in ground level landscaping, sidewalk, and road improvements for the direct benefit of the neighborhood. (2) Activate the surrounding area: • The development will add 224 for -rent units to a previously vacant and underimproved section of the neighborhood, thereby adding to the neighborhood's energy and density. • The ground floor landscaping designed by Italian/Swiss architect Enzo Enea, who was inspired by the beautiful native trees and landscaping of the adjacent Miami Historic Cemetery, will revitalize the 2 Packet Pg. 175 Wynwood Haus — CRA Proposal 1.2.a immediate area and serve as a "bridge" to connect the Arts & Entertainment and Wynwood neighborhoods —two neighborhoods that have previously not been connected for leisure pedestrian traffic (please refer to attached ground floor landscaping plans and elevations). (3) Encourage the creation of housing attainable to all: • As part of their commitment to the neighborhood and CRA's mission to foster affordability for workforce tenants, the Developers are offering to restrict the maximum rents it will charge on 100 units (45% of the total unit count) as follows: - 100% of AMI for 31 units (14% of total unit count) - 120% of AMI for 44 units (20% of total unit count) - 140% of AMI for 25 units (11% of total unit count) These rent -restricted units will be spread across the project's studios, 1-bedroom units, and 2- bedroom units, as detailed in the below table: Total Units Market Rate 100% AMI 120% AMI 140% AMI Total Workforce Total 224 100% 124 55% 31 14% 44 20% 25 11% 100 45% Studios 1 Bedrooms 2 Bedrooms 42 126 56 6 81 37 22 9 0 14 22 8 0 14 11 36 45 19 • As market rents in the neighborhood continue to rise at a faster rate than for the broader Miami market (as they are expected to, given the exponential growth of the area), these rent -restricted units will remain accessible and available for workforce tenants. The Developers are proposing to maintain these rent -restricted units through 2047 plus any additional extensions of the CRA. OTHER IMPORTANT PROJECT CONSIDERATIONS In addition to the above description regarding the Project, it is important to note the following: • The Property is "as of right" under T6-24A. The Developers did not seek to leverage additional benefits from City by up -zoning to T6-24B, as several other projects in the neighborhood have done. • Project was unanimously approved by every member of the UDRB board (7- 0) with no design comments or required revisions. • The Developers are looking to break ground Q1-2021, thereby looking to create jobs and foster growth during a period of economic uncertainty / projected recession as a result of the COVID-19 pandemic crisis, helping to offset its potential impact on the neighborhood. 3 Packet Pg. 176 Wynwood Haus — CRA Proposal 1.2.a CRA PROPOSAL In order to be able to carry out the proposed Project, the Developers are seeking the financial support of the CRA. Total impact fees, permitting fees, and streetscape/sidewalk improvements — including the ground floor landscaping designed by Enzo Enea — are projected to cost over $3.8M. In addition, the above -mentioned rent restrictions represent a present value in loss of income of $8.3M. In exchange, and to partially help offset the loss in income, the Developers are requesting: (1) A rebate of 95% of the TIF collected by the CRA during its anticipated term through 2047 plus any additional extensions of the CRA. This benefit represents a present value of $6,387,662. See TIF Analysis Report prepared by Larry M. Spring, Jr., CPA attached hereto as Exhibit "A". (2) A cash grant of $1.1M ($4,911 / unit) paid out in equal quarterly installments over 3 years ($91,666.66 per quarter for 12 quarters). The Developers are also offering to give back to the CRA 3.0% of all retail gross rent proceeds that the Developer collects from the Property's ground -floor retail during the initial 15 year period after completion of the development. BACKGROUND ON DEVELOPERS Founded in 2008, TSG is a real estate investment and development firm focused on understanding urban markets and transforming lives. Inspired by the communities in which the firm develops, TSG's goal is to create experiences that will help them grow. TSG Group's distinguished real estate development portfolio includes Ofizzina, a Class A office condo building in Coral Gables; Cassa Brickell, an 80-unit boutique condo building, and Cassa at Georgetown townhome community near Fort Lauderdale. Additionally, TSG Group's Land Banking division has acquired large amounts of land in strategically located areas of Miami, including the Design District, the Miami River, Brickell, Edgewater and the Health District. Through its strategic partner Black Salmon, the group acquires real estate opportunities in main markets of the United States and transforms the assets into profitable, risk - adjusted returns for a select group of investors. Black Salmon's team of professionals manages the portfolio of assets to maximize the operational efficiency and profitability of each asset. Lineaire Group was founded with the goal of combining an institutional investment approach with disciplined risk management, and a cutting -edge architectural design and project management team. This unique combination allows the company to turn complex, often overlooked projects into high - performing assets, and to deliver investors superior risk -adjusted returns. The group focuses on value- add/repositioning opportunities and development opportunities. Recent acquisitions include 316 E 55th St. multifamily building in New York, 10 New River in Fort Lauderdale, and a portfolio of historic residential condominiums in Miami Beach. Lineaire Group also operates alongside its sister company, Lineaire Designs, which serves as an in-house design and construction division. In the last three years alone, Lineaire Designs has successfully completed 300+ apartment projects in buildings in the South Florida luxury market, including Aria on the Bay and Marquis Residences, among others. In addition to more accurate underwriting, having a team of experts across industries servicing a project from inception to completion ensures streamlined execution. 4 Packet Pg. 177 Wynwood Haus — CRA Proposal 1.2.a EXTERIOR DESIGN RENDERINGS View from southwest corner 5 Packet Pg. 178 1.2.a Wynwood Haus — CRA Proposal View from north Attachment: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal (7929 : Wynwood Haus Economic 6 Packet Pg. 179 Wynwood Haus — CRA Proposal 1.2.a INTERIOR DESIGN RENDERINGS Residential Lobby Tenant mailroom 7 Packet Pg. 180 Wynwood Haus — CRA Proposal 1.2.a Rooftop amenity space Rooftop amenity space 8 Packet Pg. 181 Wynwood Haus — CRA Proposal 1.2.a Rooftop amenity space Rooftop amenity space 9 Packet Pg. 182 1.2.a Wynwood Haus — CRA Proposal GROUND FLOOR LANDSCAPING PLANTMd ENEA POTS STRIPED PATHWAY OUTDOOR BEATING Ground floor landscaping plan view HE 1TTH TERRACE (SECONDARY FRI I4TAGE} LQBBY ENTRANCE II NES ON COLUMNS PROPERTY LINE COBBLE 5;LiNE Di IVENF" 10 Attachment: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal (7929 : Wynwood Haus Economic Packet Pg. 183 Wynwood Haus — CRA Proposal 1.2.a South elevation West elevation 11 Packet Pg. 184 Wynwood Haus — CRA Proposal 1.2.a Brid31sd1 {Caesalpkda granad1110 Dwarf Sid Coffee 03fic ,otria nervasak SHRUBS AN D V1NFS Mahogany {Lys/lama sabka} Emerald Blanket fCa rlsn w aocarpal Ground floor landscaping plant species Red Jatropha {Jatropha krtegerrima} Nhite Founiain Grass peraisetumsetaeeum'alba'} Star Jasmine {7rachelosprrnw rrjasminfides] Orange Bougai rrrillea {&argainvillee spJ- 12 Packet Pg. 185 1.2.a Wynwood Haus — CRA Proposal NE 17TH TERRACE (SECONDARY FRONTAGE) Rooftop amenity floor landscaping plan view PROPERTY LINE PROPEFTV Uhr 13 Attachment: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal (7929 : Wynwood Haus Economic Packet Pg. 186 Wynwood Haus — CRA Proposal 1.2.a SAMPLE UNIT RENDERINGS Sample 2-bedroom Sample 1-bedroom 14 Packet Pg. 187 Wynwood Haus — CRA Proposal 1.2.a Sample studio 15 Packet Pg. 188 MEM 1.2.a Couty Tax Increment City Tax Increment Total Tax Increment OMNI CLAWBACK Net Available to CRA New Tax Roll less Tax Roll less Tax Roll less Construction Estimated Tax Tax Roll Base time Base time Base time Roll Year Inflationary Coming onto Roll for Next Less Base of County City Combined Millages Combined Millages Combined Millages 35% of Total Increment (Jan 1) FY Prel Tax Roll Growth of Roll Tax Roll Year Millage Millage Times 95% Times 95% Times 95% 95% of Available Net TIF 2021 2022 5,195,117 155,854 5,350,971 0 0.4667% 0.7567% 0 0 0 0 0 0 2022 2023 5,350,971 160,529 51,968,000 57,479,500 155,854 0.4667% 0.7567% 691 1,120 1,811 634 1,177 1,118 2023 2024 57,479,500 1,724,385 59,203,885 52,284,383 0.4667% 0.7567% 231,806 375,829 607,635 212,672 394,963 375,215 2024 2025 59,203,885 1,776,117 60,980,001 54,008,768 0.466710 0.7567% 239,451 388,224 627,675 219,686 407,989 387,590 2025 2026 60,980,001 1,829,400 62,809,401 55,784,884 0.4667% 0.7567% 247,325 400,992 648,317 226,911 421,406 400,336 2026 2027 62,809,401 1,884,282 64,693,683 57,614,284 0.4567% 0.7567% 255,436 414,142 669,578 234,352 435,225 413,464 2027 2028 64,693,683 1,940,810 66,634,494 59,498,566 0.4567% 0.7567% 263,790 427,686 691,476 242,017 449,460 426,987 2028 2029 66,634,494 1,999,035 68,633,529 61,439,377 0.4567% 0.7567% 272,395 441,637 714,032 249,911 464,121 440,915 2030 2031 70,692,534 2,120,776 72,813,310 65,497,417 0.4667% 0.7567% 290,386 470,807 761,193 266,418 494,776 470,037 2031 2032 72,813,310 2,184,399 74,997,710 67,618,193 0.4667% 0.7567% 299,789 486,051 785,840 275,044 510,796 485,256 2032 2033 74,997,710 2,249,931 77,247,641 69,802,593 0.4667% 0.7567% 309,474 501,753 811,227 283,929 527,297 500,933 2033 2034 77,247,641 2,317,429 79,565,070 72,052,524 0.4667% 0.7567% 319,449 517,926 837,375 293,081 544,294 517,079 2039 2035 79,565,070 2,386,952 81,952,022 74,369,953 0.4667% 0.7567% 329,723 534,584 864,308 302,508 561,800 533,710 2035 2036 81,952,022 2,458,561 84,410,583 76,756,905 0.4667% 0.7567% 340,306 551,742 892,048 312,217 579,831 550,840 2036 2037 84,410,583 2,532,317 86,942,901 79,215,466 0.4667% 0.7567% 351,206 569,415 920,621 322,217 598,403 568,483 2037 2038 86,942,901 2,608,287 89,551,188 81,747,784 0.4667% 0.7567% 362,433 587,617 950,051 332,518 617,533 586,656 2038 2039 89,551,188 2,686,536 92,237,723 84,356,071 0.4667% 0.7567% 373,997 606,366 980,363 343,127 637,236 605,374 2039 2040 92,237,723 2,767,132 95,004,855 87,042,606 0.4667% 0.7567% 385,908 625,677 1,011,586 354,055 657,531 624,654 2040 2041 95,004,855 2,850,146 97,855,001 89,809,738 0.4667% 0.7567% 398,176 645,568 1,043,745 365,311 678,434 644,512 2041 2042 97,855,001 2,935,650 100,790,651 92,659,884 0.4667% 0.7567% 410,813 666,055 1,076,868 376,904 699,964 664,966 2042 2043 100,790,651 3,023,720 103,814,370 95,595,534 0.4667% 0.7567% 423,828 687,157 1,110,985 388,845 722,141 686,034 2043 2044 103,814,370 3,114,431 106,928,801 98,619,253 0.4667% 0.7587% 437,234 710,766 1,148,000 401,800 746,200 708,890 2044 2045 106,928,801 3,207,864 110,136,665 101,733,684 0.4667% 0.7587% 451,042 733,212 1,184,254 414,489 769,765 731,277 2045 2046 110,136,665 3,304,100 113,440,765 104,941,548 0.4667% 0.7587% 465,264 756,332 1,221,596 427,559 794,038 754,336 2046 2047 113,440,765 3,403,223 116,843,988 108,245,648 0.4667% 0.7587% 479,913 780,145 1,260,058 441,020 819,038 778,086 EXHIBIT "A" Attachment: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal (7929 : Wynwood Haus Economic Packet Pg. 189 OMNI Board of Commissioners Meeting September 24, 2020 1.3 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Alex Diaz de la Portilla Date: September 22, 2020 7930 and Members of the CRA Board Jason Walker Executive Director Subject: 4/5ths Wynwood Haus Affordability Grant Agreement Enclosures: 7930 Bid Waiver Memo -Grant Agreement 7930 Notice to the Public 7930 Wynwood Haus-Cover Letter and Final CRA Proposal BACKGROUND: 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 the 2010 CRA Redevelopment Plan ("Plan"). TSG Group, Lineaire Group and Wynwood Haus LLC(the "Developers") and owners of the property located within the Omni Community Redevelopment Agency ("CRA") boundaries at NE 17th Terrace and North Miami Avenue, identified by folio numbers 01- 3136-003-0140; -0150; -0160; -0170; -0180; -0190 (the "Property") submitted a request to the CRA for Tax Increment Rebate and a Grant proposal ("Proposal")for the Wynwood Haus project for consideration by the Board. The Wynwood Haus project consists of a boutique 20-story, 224-unit for -rent development with approximately 5,200 SF of ground floor amenity retail ("Project"). The proposal request is for a grant in the amount of One Million One Hundred Thousand Dollars ($1,100,000.00). JUSTIFICATION: The 2010 Redevelopment Plan on page 41, Section C-2 lists the objective of the CRA to, "Provide incentives for the development of a variety of housing choices, including affordable, special needs and a workforce housing." Additionally, on page 41, Section C titled, Variety of Housing", subsection D-3 specifically states the "Provision of incentives for the construction of new housing to attract downtown workers." The proposal is also consistent with Section D of the plan on page 42 Section D stating CRA objectives as "Improvements to the Public Realm" and "to "[e]nhance the areas' visual attractiveness to businesses and residents." Packet Pg. 190 1.3 This project is consistent with Florida Statute 163 and also the goals and objectives of the 2010 Omni CRA Redevelopment Plan. RECOMMENDATION: In light of the above mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. FUNDING: Funding in the amount of One Million One Hundred Thousand Dollars ("$1,100,000.00") allocated from Omni FY 2020-2021 FY Budget Line Item 24 Titled "Other Grants and Aids." City of Miami Page 2 of 4 File ID: 7930 (Revision:) Printed On: 9/22/2020 Packet Pg. 191 1.3 1 v\► Omni C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7930 Final Action Date: 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, ATTACHED AND INCORPORATED, THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA 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 FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET LINE ITEM 24, TITLED "OTHER GRANTS AND AIDS," IN AN AMOUNT NOT TO EXCEED ONE MILLION ONE HUNDRED THOUSAND DOLLARS ($1,100,000.00) FOR A MIXED -USE DEVELOPMENT PROJECT CONSISTING OF PROPERTIES LOCATED AT FOLIO NOS. 01-3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, AND 01-3136-003-0190, ALL LOCATED IN THE CRA REDEVELOPMENT AREA, TO WYNWOOD HAUS LLC; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL AGREEMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; ALL BEING SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047 AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE COVENANT THAT IS TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, Wynwood Haus, LLC ("Developer"), a for profit entity, submitted a request for funding to underwrite a portion of the costs to develop a mixed -use project consisting of a boutique 20-story, 224-unit for -rent development with over 5,200 square feet of ground floor amenity retail for the development of properties with folio numbers 01-3136-003-0140, 01-3136- 003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, and 01-3136-003-0190 ("Project"); and WHEREAS, the 2010 Redevelopment Plan ("Plan") on page 41, Section C-2 lists the objective of the CRA to "Provide incentives for the development of a variety of housing choices, including affordable, special needs and a workforce housing" and to make "Improvements to the Public Realm" by "[enhancing] the areas' visual attractiveness to businesses and along with creating a variety of housing"; and City of Miami Page 3 of 4 File ID: 7930 (Revision:) Printed On: 9/22/2020 Packet Pg. 192 1.3 WHEREAS, the Plan also outlines working with private entities on page 42, Sections A-1 and A-3 and states that the CRA is to "Provide incentives for redevelopment of blighted properties," and WHEREAS, the Developer requests grant funding for the Project in an amount not to exceed $1,100,000.00; and WHEREAS, the success of the Project will result in accomplishing the stated objectives of the Plan; and WHEREAS, based on the recommendation and finding of the Executive Director, attached and incorporated, 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, for the allocation of grant funds for the Project in an amount not to exceed $1,100,000.00 to be disbursed subject to the Executive Director's discretion; 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, attached and incorporated, 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 $1,100,000.00 for the Project are allocated from CRA Fiscal Year 2020-2021 budget line item 24, titled "Other Grants and Aids," to underwrite the costs as requested. Section 4. The Executive Director is authorized to negotiate and execute any and all necessary documents, all in forms acceptable to the General Counsel, for the purposes stated herein, including but not limited to a restrictive covenant detailing rent restrictions which is to be recorded in the public records of Miami -Dade County, Florida. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 7930 (Revision:) Printed On: 9/22/2020 Packet Pg. 193 1.3.a Alex Diaz de la Portilla Board Chair 1ire Omni C R A INTER -OFFICE MEMORANDUM Jason Walker Executive Director TO: Board Chair Alex Diaz de la Portilla and DATE: September 24, 2020 Members of the CRA Board FROM: Jason Walker Executive Director SUBJECT: Recommendations and Findings to Waive Competitive Negotiation Procedures per City Code, authorizing the allocation of Grants funds to Wynwood Haus, LLC for the development of properties located at Folios: 01- 3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003- 0170, 01-3136-003-0180, 01-3136- 003-0190 located within the boundaries of the Omni CRA. BACKGROUND: 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 the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The Wynwood Haus, LLC company submitted a grant proposal request to the CRA. Wynwood Haus LLC, a for profit entity, possesses a unique approach to affordable housing. The principals of Wynwood Haus have a history of developing successful housing units in Miami- Dade County. Their proposal for development of this mixed use project consists of a boutique 224-unit for -rent development project with over 5,200 SF of ground floor amenity retail. This concept is an ideal project for the Omni CRA area. The 2010 Redevelopment Plan on page 41, Section C-2 lists the objective of the CRA to, "Provide incentives for the development of a variety of housing choices, including affordable, special needs and a workforce housing." Additionally on page 41, Section C titled, Variety of Housing", Attachment: 7930 Bid Waiver Memo -Grant Agreement (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) Packet Pg. 194 1.3.a subsection D-3 specifically states the "Provision of incentives for the construction of new housing to attract downtown workers." The proposal is also consistent with Section D of the plan on page 42 Section D "Improvements to the Public Realm" "to "[e]nhance the areas' visual attractiveness to businesses and residents." This project is consistent with Florida Statute 163 and also the goals and objectives of the 2010 Omni CRA Redevelopment Plan. The plan also highlights working with private entities on page 42 A-1 to, "Provide incentives for redevelopment of blighted properties." Wynwood Haus now requests grant funding for the development project in the amount of $1,100,000.00 dollars to underwrite a portion of the costs for the development of the project. RECOMMENDATION In light of the above mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. An approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5t1) vote is respectfully requested. Attachment: 7930 Bid Waiver Memo -Grant Agreement (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) Packet Pg. 195 1.3.b Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on Thursday, September 24th 2020 at 9:00 a.m. or anytime thereafter via a virtual meeting link that may be accessed at the following City of Miami TV web address: https://www.miamigov.com/tv The Board will consider the award of grant funds to Wynwood Haus, LLC, a legal entity authorized to transact business/render services in the State of Florida, to underwrite a portion of the costs associated with the development of a mixed use project consisting of affordable housing units in the Omni CRA. In accordance with the Board's 2010 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will consider the funding, in an amount of $1.1M to underwrite the costs associated with the development of a mixed use project consisting of 224-unit for -rent development with over 5,200 SF of ground floor amenity retail located at the following Folios: 01-3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, 01-3136-003-0190, all located within the boundaries of the Omni CRA. For your information, members of the public can leave prerecorded public comment by calling 305-679-6866 for agenda items that are scheduled to be heard at this virtual meeting. The prerecorded public comment will be played during the virtual meeting. The deadline to submit prerecorded phone comment is September 23rd, 2020 by 5:00 p.m. Phone messages submitted after the deadline may not be played during the virtual meeting. Finally, public comment may also be submitted via an online comment form and will be distributed to the Elected Officials and CRA Administration and made part of the public record via the following link: https://cityofmiami.azl.qualtrics.com/jfe/form/SV_2o6vJQ8yCdOjt4x. The deadline to submit public comment via the online comment form will occur when the Chairman closes public comment for the virtual meeting. This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, and are available as with the scheduled CRA Board meeting of Thursday, September 24th, 2020 at 9:00 a.m. or anytime thereafter via a Communications Media Technology (CMT) link that may be accessed at the following web address: https://www.miamigov.com/tv Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). Attachment: 7930 Notice to the Public (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) Packet Pg. 196 1.3.b In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than one (1) business day prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than one (1) business day prior to the proceeding. Todd B. Hannon Ad No. 33658 Clerk of the Board Attachment: 7930 Notice to the Public (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) Packet Pg. 197 1.3.c July 13, 2020 Via Hand -Delivery Mr. Jason Walker, Executive Director Omni Community Redevelopment Agency Historic Firehouse #2, 2nd Floor 1401 N. Miami Avenue Miami, FL 33136 Re: Wynwood Haus - Tax Increment Rebate & Grant Proposal Dear Mr. Walker: TSG Group, Lineaire Group and Wynwood Haus LLC (the "Developers") and owners of the property located within the Omni Community Redevelopment Agency ("CRA") boundaries at NE 17th Terrace and North Miami Avenue, identified by folio numbers 01-3136-003-0140; - 0150; - 0160; - 0170; - 0180; - 0190 (the "Property") are pleased to submit the enclosed Tax Increment Rebate and Grant proposal ("Proposal") for the Wynwood Haus project for your consideration. The Wynwood Haus project consists of a boutique 20-story, 224-unit for -rent development with approximately 5,200 SF of ground floor amenity retail ("Project"). The Proposal is consistent with the strategic plan and goals of the CRA Redevelopment Plan (2019 Amendment) which seeks to expand the supply of affordable and workforce housing within the CRA boundaries. Affordable and workforce housing units forming part of the Project will provide needed housing inventory to critical employees within the Miami market, including: (i) registered nurses (avg. annual salary: $56,925) (ii) teachers (median annual salary: $46,000); (iii) police officers (avg. base annual salary: $53,715); (iv) firefighters (avg. annual salary: $54,9430; (iv) hospitality service workers; and (v) recent college graduates (avg. starting salary: $50,004). The Developers have obtained site plan approval for the Project from the City of Miami, and are ready, willing and able to break ground in 2020, creating jobs and fostering growth during a period of economic uncertainty stemming from the COVID-19 global pandemic and its economic ramifications. We look forward to your favorable consideration of this Proposal and the CRA board's approval. Sincerely, Diego Bonet Wynwood Haus cc: Anthony Balzebre, Assistant Director Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 37118937.1 07/17/2020 Packet Pg. 198 Wynwood Haus — CRA Proposal 1.3.c TSG CROUP Lineaire Group Wynwood Haus - CRA Proposal September 16, 2020 Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 1 Packet Pg. 199 Wynwood Haus — CRA Proposal 1.3.c PROJECT OVERVIEW TSG Group and Lineaire Group ("the Developers") are pleased to present Wynwood Haus (the "Property") for consideration to the OMNI CRA (the "CRA"). The Property is located on NE 17th Terrace and North Miami Avenue and consists of a boutique 20-story, 224-unit for -rent development with over 5,200 SF of ground floor amenity retail. Designed by local firm Corwil Architects and curated by world renowned landscape designer Enzo Enea, Wynwood Haus caters to younger generations and families attracted to the amenities and lifestyle the Arts & Entertainment and Wynwood neighborhoods offer. The Property features Studio (19%), One - Bedroom (56%), and Two -Bedroom (25%) units with world -class amenities, including a rooftop pool, lounge, and gym with stunning views of the Brickell skyline, the Miami Signature Bridge, Downtown, and the Miami Bay. Wynwood Haus' central location between the Arts & Entertainment District, Wynwood, and Downtown, and within walking distance of the Metromover rail route offers an abundance of lifestyle and entertainment options and easy access to the broader Miami metro. The Developers have already obtained Site Plan Approval from the City and are looking to break ground in Q1-2021. ALIGNMENT WITH CRA VISION Consistent with the CRA's mission, the development will achieve the following goals: (1) Enhance the quality of life of current neighborhood residents: • The entire west face of the building along North Miami Avenue will be dedicated to ground floor amenity retail space for the neighborhood. The design includes 4 retail spaces totaling 5,200+ SF (over 20% of the total ground floor footprint) with local tenants that will be carefully curated to complement the current neighborhood offerings. • The Developers have assembled a world -class team of best -in -their -field experts for the architecture, design, and landscaping and have conceptualized a building that not only complements the surrounding developments, but is also aesthetically innovative and elevates the neighborhood. All common areas, including public areas such as lobby and exteriors have been meticulously designed (please refer to attached renderings). As part of the project, the Developers will also be making a direct investment of over $500,000 in ground level landscaping, sidewalk, and road improvements for the direct benefit of the neighborhood. (2) Activate the surrounding area: • The development will add 224 for -rent units to a previously vacant and underimproved section of the neighborhood, thereby adding to the neighborhood's energy and density. • The ground floor landscaping designed by Italian/Swiss architect Enzo Enea, who was inspired by the beautiful native trees and landscaping of the adjacent Miami Historic Cemetery, will revitalize the Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 2 Packet Pg. 200 Wynwood Haus — CRA Proposal 1.3.c immediate area and serve as a "bridge" to connect the Arts & Entertainment and Wynwood neighborhoods —two neighborhoods that have previously not been connected for leisure pedestrian traffic (please refer to attached ground floor landscaping plans and elevations). (3) Encourage the creation of housing attainable to all: • As part of their commitment to the neighborhood and CRA's mission to foster affordability for workforce tenants, the Developers are offering to restrict the maximum rents it will charge on 100 units (45% of the total unit count) as follows: - 100% of AMI for 31 units (14% of total unit count) - 120% of AMI for 44 units (20% of total unit count) - 140% of AMI for 25 units (11% of total unit count) These rent -restricted units will be spread across the project's studios, 1-bedroom units, and 2- bedroom units, as detailed in the below table: Total Units Market Rate 100% AMI 120% AMI 140% AMI Total Workforce Total 224 100% 124 55% 31 14% 44 20% 25 11% 100 45% Studios 1 Bedrooms 2 Bedrooms 42 126 56 6 81 37 22 9 0 14 22 8 0 14 11 36 45 19 • As market rents in the neighborhood continue to rise at a faster rate than for the broader Miami market (as they are expected to, given the exponential growth of the area), these rent -restricted units will remain accessible and available for workforce tenants. The Developers are proposing to maintain these rent -restricted units through 2047 plus any additional extensions of the CRA. OTHER IMPORTANT PROJECT CONSIDERATIONS In addition to the above description regarding the Project, it is important to note the following: • The Property is "as of right" under T6-24A. The Developers did not seek to leverage additional benefits from City by up -zoning to T6-24B, as several other projects in the neighborhood have done. • Project was unanimously approved by every member of the UDRB board (7- 0) with no design comments or required revisions. • The Developers are looking to break ground Q1-2021, thereby looking to create jobs and foster growth during a period of economic uncertainty / projected recession as a result of the COVID-19 pandemic crisis, helping to offset its potential impact on the neighborhood. 3 Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) Packet Pg. 201 Wynwood Haus — CRA Proposal 1.3.c CRA PROPOSAL In order to be able to carry out the proposed Project, the Developers are seeking the financial support of the CRA. Total impact fees, permitting fees, and streetscape/sidewalk improvements — including the ground floor landscaping designed by Enzo Enea — are projected to cost over $3.8M. In addition, the above -mentioned rent restrictions represent a present value in loss of income of $8.3M. In exchange, and to partially help offset the loss in income, the Developers are requesting: (1) A rebate of 95% of the TIF collected by the CRA during its anticipated term through 2047 plus any additional extensions of the CRA. This benefit represents a present value of $6,387,662. See TIF Analysis Report prepared by Larry M. Spring, Jr., CPA attached hereto as Exhibit "A". (2) A cash grant of $1.1M ($4,911 / unit) paid out in equal quarterly installments over 3 years ($91,666.66 per quarter for 12 quarters). The Developers are also offering to give back to the CRA 3.0% of all retail gross rent proceeds that the Developer collects from the Property's ground -floor retail during the initial 15 year period after completion of the development. BACKGROUND ON DEVELOPERS Founded in 2008, TSG is a real estate investment and development firm focused on understanding urban markets and transforming lives. Inspired by the communities in which the firm develops, TSG's goal is to create experiences that will help them grow. TSG Group's distinguished real estate development portfolio includes Ofizzina, a Class A office condo building in Coral Gables; Cassa Brickell, an 80-unit boutique condo building, and Cassa at Georgetown townhome community near Fort Lauderdale. Additionally, TSG Group's Land Banking division has acquired large amounts of land in strategically located areas of Miami, including the Design District, the Miami River, Brickell, Edgewater and the Health District. Through its strategic partner Black Salmon, the group acquires real estate opportunities in main markets of the United States and transforms the assets into profitable, risk - adjusted returns for a select group of investors. Black Salmon's team of professionals manages the portfolio of assets to maximize the operational efficiency and profitability of each asset. Lineaire Group was founded with the goal of combining an institutional investment approach with disciplined risk management, and a cutting -edge architectural design and project management team. This unique combination allows the company to turn complex, often overlooked projects into high - performing assets, and to deliver investors superior risk -adjusted returns. The group focuses on value- add/repositioning opportunities and development opportunities. Recent acquisitions include 316 E 55th St. multifamily building in New York, 10 New River in Fort Lauderdale, and a portfolio of historic residential condominiums in Miami Beach. Lineaire Group also operates alongside its sister company, Lineaire Designs, which serves as an in-house design and construction division. In the last three years alone, Lineaire Designs has successfully completed 300+ apartment projects in buildings in the South Florida luxury market, including Aria on the Bay and Marquis Residences, among others. In addition to more accurate underwriting, having a team of experts across industries servicing a project from inception to completion ensures streamlined execution. Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 4 Packet Pg. 202 Wynwood Haus — CRA Proposal 1.3.c EXTERIOR DESIGN RENDERINGS View from southwest corner a I •I 1.. FITegq T.MTWKIWITTriM 1 : Flltirs37/1WRITTT111711.1:111' • • • . (7 • 1 : , St S Y Y nwoo • 'aus ' or• a rant • reement; 5 Packet Pg. 203 1.3.c Wynwood Haus — CRA Proposal View from north Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus 6 Packet Pg. 204 Wynwood Haus — CRA Proposal 1.3.c INTERIOR DESIGN RENDERINGS Residential Lobby Tenant mailroom Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 7 Packet Pg. 205 Wynwood Haus — CRA Proposal 1.3.c Rooftop amenity space Rooftop amenity space IffegT417,411:WWWITTIMMI:FITMearffint77,17:111711.1:111' • • • . i 7 ' 1 : , 5t s TY nwoo 4 ' aus ' or • a • 1 it rant ' • reement; 8 Packet Pg. 206 Wynwood Haus — CRA Proposal 1.3.c Rooftop amenity space Rooftop amenity space Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 9 Packet Pg. 207 1.3.c Wynwood Haus — CRA Proposal GROUND FLOOR LANDSCAPING PLAHTMd ENEA POTS STRIPED PATHWAY OUTDOOR BEATING LQ96Y ENTRANCE Ground floor landscaping plan view PROPERTY LINE Z - MANAGERS OFFICE LEASND ■ OFFICE FPL VAULT HE 1TTP TERRACE (SECONDARY FRI ITTAGE} WADI • iQY LACING SEPTIC 10 R2(F LOADING 5FR'F1 VINES ON COLUMNS � GOZSLE 5eONE DRIVEMAY 10 Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Packet Pg. 208 Wynwood Haus — CRA Proposal 1.3.c South elevation West elevation Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 11 Packet Pg. 209 Wynwood Haus — CRA Proposal 1.3.c Brid31sd1 {Caesalpkda granad1110 Dwarf Sid Coffee 03fic ,otria nervasak SHRUBS AN D ViNFS Mahogany {Lys/lama sabka} Emerald Blanket fCa rlsn w aocarpal Ground floor landscaping plant species Red Jatropha {Jatropha krtegerrima} Nhite Founiain Grass peraisetumsetaeeum'alba'} Star Jasmine {7rachelosprrnw rrjasminfides] Orange Bougai rrrillea {&argainvillee spJ- Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 12 Packet Pg. 210 1.3.c Wynwood Haus — CRA Proposal (SECONDARY FRONTAGE) Rooftop amenity floor landscaping plan view PROPEFTV Uhr 13 Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Packet Pg. 211 Wynwood Haus — CRA Proposal 1.3.c SAMPLE UNIT RENDERINGS Sample 2-bedroom Sample 1-bedroom Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 14 Packet Pg. 212 Wynwood Haus — CRA Proposal 1.3.c Sample studio Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Affordability Grant Agreement) 15 Packet Pg. 213 MEM 1.3.c Couty Tax Increment City Tax Increment Total Tax Increment OMNI CLAWBACK Net Available to CRA New Tax Roll less Tax Roll less Tax Roll less Construction Estimated Tax Tax Roll Base time Base time Base time Roll Year Inflationary Coming onto Roll for Next Less Base of County City Combined Millages Combined Millages Combined Millages 35% of Total Increment (Jan 1) FY Prel Tax Roll Growth of Roll Tax Roll Year Millage Millage Times 95% Times 95% Times 95% 95% of Available Net TIF 2021 2022 5,195,117 155,854 5,350,971 0 0.4667% 0.7567% 0 0 0 0 0 0 2022 2023 5,350,971 160,529 51,968,000 57,479,500 155,854 0.4667% 0.7567% 691 1,120 1,811 634 1,177 1,118 2023 2024 57,479,500 1,724,385 59,203,885 52,284,383 0.4667% 0.7567% 231,806 375,829 607,635 212,672 394,963 375,215 2024 2025 59,203,885 1,776,117 60,980,001 54,008,768 0.466710 0.7567% 239,451 388,224 627,675 219,686 407,989 387,590 2025 2026 60,980,001 1,829,400 62,809,401 55,784,884 0.4667% 0.7567% 247,325 400,992 648,317 226,911 421,406 400,336 2026 2027 62,809,401 1,884,282 64,693,683 57,614,284 0.4567% 0.7567% 255,436 414,142 669,578 234,352 435,225 413,464 2027 2028 64,693,683 1,940,810 66,634,494 59,498,566 0.4567% 0.7567% 263,790 427,686 691,476 242,017 449,460 426,987 2028 2029 66,634,494 1,999,035 68,633,529 61,439,377 0.4567% 0.7567% 272,395 441,637 714,032 249,911 464,121 440,915 2030 2031 70,692,534 2,120,776 72,813,310 65,497,417 0.4667% 0.7567% 290,386 470,807 761,193 266,418 494,776 470,037 2031 2032 72,813,310 2,184,399 74,997,710 67,618,193 0.4667% 0.7567% 299,789 486,051 785,840 275,044 510,796 485,256 2032 2033 74,997,710 2,249,931 77,247,641 69,802,593 0.4667% 0.7567% 309,474 501,753 811,227 283,929 527,297 500,933 2033 2034 77,247,641 2,317,429 79,565,070 72,052,524 0.4667% 0.7567% 319,449 517,926 837,375 293,081 544,294 517,079 2039 2035 79,565,070 2,386,952 81,952,022 74,369,953 0.4667% 0.7567% 329,723 534,584 864,308 302,508 561,800 533,710 2035 2036 81,952,022 2,458,561 84,410,583 76,756,905 0.4667% 0.7567% 340,306 551,742 892,048 312,217 579,831 550,840 2036 2037 84,410,583 2,532,317 86,942,901 79,215,466 0.4667% 0.7567% 351,206 569,415 920,621 322,217 598,403 568,483 2037 2038 86,942,901 2,608,287 89,551,188 81,747,784 0.4667% 0.7567% 362,433 587,617 950,051 332,518 617,533 586,656 2038 2039 89,551,188 2,686,536 92,237,723 84,356,071 0.4667% 0.7567% 373,997 606,366 980,363 343,127 637,236 605,374 2039 2040 92,237,723 2,767,132 95,004,855 87,042,606 0.4667% 0.7567% 385,908 625,677 1,011,586 354,055 657,531 624,654 2040 2041 95,004,855 2,850,146 97,855,001 89,809,738 0.4667% 0.7567% 398,176 645,568 1,043,745 365,311 678,434 644,512 2041 2042 97,855,001 2,935,650 100,790,651 92,659,884 0.4667% 0.7567% 410,813 666,055 1,076,868 376,904 699,964 664,966 2042 2043 100,790,651 3,023,720 103,814,370 95,595,534 0.4667% 0.7567% 423,828 687,157 1,110,985 388,845 722,141 686,034 2043 2044 103,814,370 3,114,431 106,928,801 98,619,253 0.4667% 0.7587% 437,234 710,766 1,148,000 401,800 746,200 708,890 2044 2045 106,928,801 3,207,864 110,136,665 101,733,684 0.4667% 0.7587% 451,042 733,212 1,184,254 414,489 769,765 731,277 2045 2046 110,136,665 3,304,100 113,440,765 104,941,548 0.4667% 0.7587% 465,264 756,332 1,221,596 427,559 794,038 754,336 2046 2047 113,440,765 3,403,223 116,843,988 108,245,648 0.4667% 0.7587% 479,913 780,145 1,260,058 441,020 819,038 778,086 EXHIBIT "A" Attachment: 7930 Wynwood Haus-Cover Letter and Final CRA Proposal (7930 : 4/5ths Wynwood Haus Packet Pg. 214 OMNI Board of Commissioners Meeting September 24, 2020 1.4 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Alex Diaz de la Portilla Date: September 22, 2020 7931 and Members of the CRA Board Jason Walker Executive Director Subject: 4/5ths Casa Mia Gut Rehab Affordability Grant Enclosures: 7931 Bid Waiver Memo -Rehab Grant Agreement 7931 Notice to the Public 7931 Casa Mia Letter and Rehab Proposal BACKGROUND: 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 the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16- 0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The Casa Mia Apartments, LLC ("Casa Mia") company submitted a grant proposal request to the CRA. Casa Mia Apartments, LLC is a for profit entity, and possesses a unique approach to affordable housing. The principals of Casa Mia Apartments, LLC have a history of successful rehabilitation of affordable housing units in Miami- Dade County. Their proposal is for the rehabilitation of approximately 12 affordable housing units concept is an ideal project for the Omni CRA area. JUSTIFICATION: The 2010 Redevelopment Plan on page 41, Section D-2 lists the objective of the CRA to, "[a]chieve rehabilitation of the maximum number of housing units." The proposal is also consistent with Section D of the plan on page 41 Section D "Improvements to the Public Realm" "to "[e]nhance the areas' visual attractiveness to businesses and residents." The plan also highlights working with private entities on page 42 A-1 to, "Provide incentives for redevelopment of blighted properties." The Plan also lists the objective A- 3 to, "Promote rehabilitation and maintenance of existing viable uses and structures." Packet Pg. 215 1.4 The Casa Mia Apartments, LLC submitted a proposal to rehabilitate a property located at the following address at 1815 NW 1st CT, Miami, Florida within the Omni CRA and now requests grant funding for the rehabilitation of the 12 units in the amount of Five Hundred Thousand Dollars $500,000.00. RECOMMENDATION: In light of the above mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. FUNDING: $500,000.00 allocated from Omni Tax Increment Fund 2020-2021 Budget, $336,952 from line item 11 and $163,048 from line item 24. City of Miami Page 2 of 4 File ID: 7931 (Revision:) Printed On: 9/22/2020 Packet Pg. 216 1.4 1 \► Omni CRA City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7931 Final Action Date: 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, ATTACHED AND INCORPORATED, THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA 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 FUNDING FROM THE CRA'S FISCAL YEAR 2020-2021 BUDGET IN THE AMOUNT OF $336,952.00 FROM LINE ITEM 11 AND $163,048.00 FROM LINE ITEM 24; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS IN AN AMOUNT NOT TO EXCEED $500,000.00 FOR REHABILITATION OF THE PROPERTY LOCATED AT 1815 NW 1ST COURT IN THE CRA REDEVELOPMENT AREA, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL AND SUBJECT TO THE AVAILABILITY OF FUNDS. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and WHEREAS, on September 13, 2016, the CRA adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA; and WHEREAS, the 2010 Redevelopment Plan ("Plan") on page 41, Section D-2 lists the objective of the CRA to "[a]chieve rehabilitation of the maximum number of housing units" and to make "Improvements to the Public Realm" by "[enhancing] the areas' visual attractiveness to businesses and residents"; and WHEREAS, page 42, Sections A-1 and A-3 of the Plan also state as goals to "Provide incentives for redevelopment of blighted properties" and to "Promote rehabilitation and maintenance of existing viable uses and structures"; and WHEREAS, Casa Mia Apartments LLC, a for profit entity ("Grantee"), submitted a proposal to the CRA to rehabilitate twelve (12) affordable housing units at the property located at 1815 NW 1st Court, Miami, Florida ("Project"); and WHEREAS, the Grantee specifically requests grant funding for the Project in the not to exceed total amount of $500,000.00; and City of Miami Page 3 of 4 File ID: 7931 (Revision:) Printed On: 9/22/2020 Packet Pg. 217 WHEREAS, the success of the Project will result in accomplishing the stated objectives of the Plan; and 1.4 WHEREAS, based on the recommendation and findings of the Executive Director, attached and incorporated, 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, and to authorize the Executive Director to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the provision of grant funds for the Project in an amount not to exceed $500,000.00, subject to the availability of funds; 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 findings, attached and incorporated, 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. Funding for a total amount not to exceed $500,000.00 for the Project is allocated from the CRA's Fiscal Year 2020-2021 budget in the amount of $336,952.00 from line item 11 and $163,048.00 from line item 24. Section 4. The Executive Director is authorized to negotiate and execute any and all agreements necessary, all in forms acceptable to the General Counsel, with the Grantee for the purposes stated herein and subject to the availability of funding. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 4 of 4 File ID: 7931 (Revision:) Printed On: 9/22/2020 Packet Pg. 218 1.4.a Alex Diaz de la Portilla Board Chair 1ire Omni C R A INTER -OFFICE MEMORANDUM Jason Walker Executive Director TO: Board Chair Alex Diaz de la Portilla and DATE: September 24, 2020 Members of the CRA Board FROM: Jason Walker Executive Director SUBJECT: Findings to Waive Competitive Negotiation Procedures per City Code, authorizing the allocation of Grants funds to Casa Mia Apartments, LLC for the Rehabilitation of Property located at 1815 NW 1ST Court, Miami, Florida. BACKGROUND: 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 the 2010 CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process in which any and all services and goods are procured by the CRA. The Casa Mia Apartments, LLC submitted a grant proposal request to the CRA. Casa Mia Apartments, LLC, a for profit entity, possesses a unique approach to affordable housing. Their proposal for rehabilitation of approximately 12 affordable housing units concept is an ideal project for the Omni CRA area. The 2010 Redevelopment Plan on page 41, Section D-2 lists the objective of the CRA to, "[a]chieve rehabilitation of the maximum number of housing units." The proposal is also consistent with Section D of the plan on page 41, outlining Omni CRA Redevelopment goals as being "Improvements to the Public Realm" and to "[e]nhance the areas' visual attractiveness to businesses and residents." The plan also highlights working with private entities on page 42 A-1 to, "Provide incentives for redevelopment of blighted properties." The Plan also lists the objective A-3 to, "Promote rehabilitation and maintenance of existing viable uses and structures." The Casa Mia Apartments, LLC group has submitted a proposal to rehabilitate the property 1815 NW 1ST Court within the Packet Pg. 219 1.4.a Omni CRA and now requests grant funding for rehabilitation of the units in the amount of $500,000.00 to underwrite a portion of the costs. RECOMMENDATION In light of the above mentioned background information, rehabilitation of the building and the Grantee's past business successes and the CRA's identified objectives in the CRA's plan to reduce slum and blight, and in consideration of the Executive Director's pledge to allocate grant funding to further the plan and activate the area, an approval of a bid waiver is recommended. An approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable nor advantageous to the CRA as set forth in the City Code of Ordinances, as amended, specifically Sections 18-85 (a), and the affirmation of these written findings and the forwarding of the same to the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency for ratification by a four -fifths (4/5th) vote is respectfully requested. Packet Pg. 220 1.4.b Omni CRA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA") will hold a Public Hearing on September 24th, 2020 at 9:00 a.m. or anytime thereafter via a virtual meeting link that may be accessed at the following City of Miami TV web address: https://www.miamigov.com/tv The Board will consider the award of grant funds to Casa Mia Apartments, LLC, a legal entity authorized to transact business/render services in the State of Florida, to underwrite a portion of the costs associated with the development of a mixed use project consisting of affordable housing units in the Omni CRA. In accordance with the Board's 2010 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will consider the funding, in an amount not to exceed $500,000.00 to underwrite the expenditures and costs associated with the development of a mixed use project consisting of affordable housing units located at 1815 NW 1st CT, Miami, Florida, critical in the rehabilitation of a total of 12 units for rent within the boundaries of the Omni CRA, envisioned to reduce slum and blight. For your information, members of the public can leave prerecorded public comment by calling 305-679-6866 for agenda items that are scheduled to be heard at this virtual meeting. The prerecorded public comment will be played during the virtual meeting. The deadline to submit prerecorded phone comment is September 23rd, 2020 by 5:00 p.m. Phone messages submitted after the deadline may not be played during the virtual meeting. Finally, public comment may also be submitted via an online comment form and will be distributed to the Elected Officials and CRA Administration and made part of the public record via the following link: https://cityofmiami.az1.qualtrics.com/jfe/form/SV_2o6vJQ8yCdOjt4x. The deadline to submit public comment via the online comment form will occur when the Chairman closes public comment for the virtual meeting. This action is being considered pursuant to Sections 18-85 (a) of the Code of the City of Miami, Florida as amended ("Code"). The recommendation and findings to be considered in this matter are set forth in the proposed resolution and in Code Sections 18-85 (a), which are deemed to be incorporated by reference herein, and are available as with the scheduled CRA Board meeting of Thursday, September 24th, 2020 at 9:00 a.m. or anytime thereafter via a Communications Media Technology (CMT) link that may be accessed at the following web address: https://www.miamigov.com/tv Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). Packet Pg. 221 1.4.b In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than one (1) business day prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than one (1) business day prior to the proceeding. Todd B. Hannon Ad No. 33659 Clerk of the Board Packet Pg. 222 UPTURN GROUP Letter of Transmittal SUBJECT: Casa Mia Apartments LLC Grant Application TO: Omni CRA: Adam Old FROM: Upturn Group: Natalie Duran PHONE: 305-815-5100 (Cell) PHONE: 305-877-0337 DATE: September 18, 2020 # OF PAGES: 5 Upturn Group and its principal Casa Mia Apartments LLC are excited to work with the Omni CRA on the rehabilitation of a 12-unit residential building located in the heart of Overtown. This apartment building consist of a 5707 SF apartment building with 6 2-bedroom apartments and 6 studio apartments. The property was acquired by Casa Mia Apartments and plans on working with the Omni CRA to rehabilitate the project. With this collaborated efforts, Upturn Group plans on continuing to provide Affordable Housing to the local community. The property was acquired for approximately $1 million dollars late 2018 and plans on receiving grant funding from the Omni CRA in the amount of $500,000 +/-. This cost sharing will not only provide financial flexibility for the principals but it will provide more housing stock in the Overtown neighborhood. The Omni CRA will afford the rehabilitation funding to the Developer in return for Affordable Housing with rents set forth in the rental regulatory agreement and Covenant of 20 years. Once the apartments are redeveloped; they are to intended to be leased to the existing residents. As more units become available, they will leased to qualified tenants under Omni CRA criteria. By working with the Omni CRA, the developer can supply quality homes to the current residents at affordable rates- helping keep the community and family in their neighborhood. Warm regards, Natalia i ran 1.4.c UPTURN Gfd0L!P CASA MIA APARTMENTS The Overtown area of Miami is comprised of 1950s and 60s post-war housing. Some single family homes but mostly concrete multifamily developments ranging from 4 unit to 20 unit structures. Most of the rental housing stock available is mainly owned by absentee owners who do not address the dilapidated conditions. Some buildings have been sold or flipped several times (including ours) over the past years with no efforts of rehabilitation. The cost of land and construction has risen, and the opportunity of development is expanding to this area- leaving the current residents most vulnerable to displacement. Upturn Group wants to rehabilitate the current structure not only because of its historic contribution to the neighborhood character but also because of its strong bones. Sustainability here not only means ecologically aware, but also to sustain the local residents' ties to the community. We do not want to displace anyone, but keep our tenants in their home and keep the culture of the community strong. Thanks to the help of CRA, we plan on cost sharing this project so that we are able to continue to serve the current residents of the Omni area at affordable rates with homes they can be proud of. Developer & Principals Developer: Natalie Duran of Upturn Group LLC Upturn Group concentrates on infill development, rehabilitation and affordable housing in the Miami area. It is owned and operated by Natalie Duran and currently has over 200 units of ground -up affordable housing in the pipeline. She has the experience of working in real estate and construction since she was a child. Growing up with a mother who was a real estate professional and father who is a contractor, Natalie learned the business rather quickly. She received her undergraduate from Loyola University in Communications and Marketing, and then went to work with the family. She supervised and managed several projects ranging from single family homes to the build -out of a 60,000+ SF office building. She received her real estate license in 2011- concentrating in multifamily investments. She went on to attend University of Miami for their Master in Real Estate Development + Urbanism on scholarship and at the graduation ceremony was presented the award of Most Valuable Student in Real Estate Development by her peers, professors and the program directory. She continues to learn and expand Affordable Housing opportunities locally and has been working on policy changes within the City of Miami. Principal: Carlos Parra of Southeast Real Estate Investments LLC Southeast Real Estate Investments LLC is owned and operated by Carlos Parra- a Miami local who's has had the experience of acquisition and rehabilitation for more than 60 homes. He is a financial and risk analysist and consultant for corporate clients, and he is also an expert in marketing for commercial projects. He has a degree in Business Administration as well as Juris Doctorate. 1 Packet Pg. 224 1.4.c UPTURN GROUP Principal: Jorge de Pina Jr. of Mia Acquisitions Inc. Mia Acquisitions Inc. is owned and operated by Jorge De Pina Jr. He is a Miami local who has strong ties to the community. He did his undergraduate in Florida International University and his Master in Real Estate Financing through the University of Miami. Mr. Pina owns a real estate brokerage company called Mia Realty and has been in the real estate business for over 15 years. His background has been in rehabilitation of single family homes, distressed assets, and is now in the works of constructing approximately 85 Affordable Housing units in the City of Miami. r Casa Mia Apartments LLC r Developer: Upturn Group Natalie Duran Architect: Moino/Fernandez Architects Inc. Marcelo A. Moino AR-11733 Engineer: Maquiera Engineering Consultant Marquis Bank (now Professional Bank): LOC General Contractor: Project Manager Subs 2 r Vendors/Suppliers Packet Pg. 225 1.4.c UPT11PM Gfd0LP Development Description Project Overview The Developer plans on working with the Omni CRA to rehabilitate the existing structure. She intends to renovate the existing multi -family residential building located at 1815 NW 1st CT. It is located in the Overtown neighborhood in the City of Miami. The property consists of one 6,300 SF T3-0 zoned parcel with one structure made up of 12 residential units. Once the apartments are redeveloped; they are to intended to be leased to the existing residents. As more units become available, they will leased to qualified tenants under the Affordable Housing Criteria set forth in the covenant and Rental Regulatory Agreement By redeveloping the property with the Omni CRA, the developer intends to keep stock of affordable housing to the current residents- maintaining the community and family ties in the neighborhood. Project Deliverables The Developer and Owner commit to a period of 20 years under the following Affordable Housing lease rate guidelines. 75% of the building will be at 80-120% 25% of the building will be at Market Rates The property consists one freestanding building of 12 units: 6 Studios 6 2-bedroom, One Bathroom units This applications is made by Upturn Group LLC., a Florida limited liability company (the "Developer"). The Developer intends to renovate the existing 12-unit multi -family residential apartment building, which is located in the Overtown neighborhood in Miami -Dade County. The apartments, once renovated, are intended to be leased to the existing residents under the provisions set forth in the covenant. As units become available, they will be leased to new tenants who are qualified under the Rental Regulatory Agreement. The project will be done one column of apartments at a time, starting from the West and working our way to the East. 3 units will be worked on concurrently, and the current tenants will move into the units once they are available. The Developer will work to keep tenants on property during renovation by temporarily relocating tenants to unoccupied units within the Development site and placing them back into their renovated units upon completion. The Developer expects to begin delivering units within 12 months from the commencement of work, with a completion date dependent on the cooperation of in - place tenants. 3 Packet Pg. 226 1.4.c UPTUPN GROUP General Description of the Development The Principals have formed a separate Florida limited liability company, which will be the record owner for the individual site: Casa Mia Apartments LLC. The Development consists of a total of 12 units spread out through three stories. The unit break -down is as follows: 6-Two Bedroom, One Bath Units 6- Studio, One Bath Units Developer commits to undertake the necessary renovation of the Development. The general renovation package, which the Developer intends to make in each of the units requiring renovation, consists of: • All upgrades to meet fire safety code. • Roof replacement with warranty. • New air conditioning system in all units- o 2 bedroom: Goodman 1.5Ton 16 SEER AC o Studios: Mitsubishi 12k BTU Cooling + Heating 23.1 SEER • Energy Star qualified water heater in all units. • Code -compliant impact windows. • Exterior doors replaced with fire rated metal doors. • Commercial VCT and/or Ceramic or comparable flooring throughout each entire unit. • Energy Star qualified refrigerator, dishwasher and full-size range and oven in all units. • The Developer will install new cabinets with granite or comparable counter tops, and a new sink and faucet. • The Developer will install new bathroom cabinets, sinks, fixtures, toilets, tubs or showers. The Developer will install ceramic, porcelain or comparable tile bathroom floors and walls at bathing areas. • Code compliant site lighting. • Appropriate landscaping and fencing. • Termite prevention and pest control • Replace existing plumbing with Florida Building Code required • Resurface parking area • Add exterior fencing for the safety and security of the residents. The Developer is committed to preserve and protect the environment and will install new Energy star - rated appliances and air conditioning equipment throughout the Development. The Developer will explore energy efficient solutions to help reduce utility costs to tenants and to promote the City's commitment to "sustainability". The Developer approximates $48,000 per unit to renovate- included but limited to all Hard Costs and Soft costs. This includes not only new interiors but also base building work such as new roof, windows, structural, mechanical, plumbing & electrical upgrades, and exterior finish - which includes landscaping, fencing, parking and common areas. As well as General Contractor, Architecture, Engineering, Permits 4 Packet Pg. 227 1.4.c UPTUPN GROUP fees, Expediting, Developer and project management. Given this experience, the 12 unit renovation will cost a minimum of $575,000 to deliver in renovation costs. The Omni CRA will provide $500,000 in renovation costs and the owner will furnish the balance to deliver a project that the neighborhood will be proud of. Rehab Cost By Trade Subtotal SOFT COSTS/GENERAL CONDITIONS GC, Developer, Engineer, Architect, Permit Fees, Expediting $150,000 DEMOLITION $24,000 SIDING $5,000 ROOFING $25,000 EXTERIOR DOORS & WINDOWS $46,000 LANDSCAPING/FENCE $5,000 MISC. EXTERIOR ITEMS $5,000 FRAMING & DRYWALL $40,000 CABINETS & COUNTERTOPS $25,000 DOORS & TRIM $32,461 FLOORING $22,734 TILING $4,600 PAINTING $28,000 APPLIANCES $23,112 PLUMBING $44,000 HVAC $31,000 ELECTRICAL $46,000 TRASH REMOVAL $18,000 $574,907 Subtotals Hard and Soft Costs Totals $574,907 Hard and Soft Costs Totals per Unit $47,909 Hard and Soft Costs Total per SF $101 Land Cost Total $980,000 Development Cost Total $1,554,907 per Unit $129,576 5 Packet Pg. 228 OMNI Board of Commissioners Meeting September 24, 2020 1.5 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Alex Diaz de la Portilla Date: September 21, 2020 File: 7932 and Members of the CRA Board Jason Walker Executive Director Subject: COVID-19 Business Recovery Grant Enclosures: 7932 COVID-19 Emergency Grant Application BACKGROUND: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached resolution authorizing $1,000,000.00 in funding for COVID-19 Emergency Business Grants for businesses dealing with the COVID-19 pandemic within the Omni CRA redevelopment area. JUSTIFICATION: Section 4.4, B., B-3 and D-5, at page 41 of the Plan, Section 4.4, D., A-2, at page 42 of the Plan and Section 4.4, E., D-7, at page 42 of the Omni Redevelopment Plan ("Plan"), respectively lists the creation of economic magnets to draw more businesses to the Omni area to compliment established business activities in the surrounding area, provide employment opportunities and upward job mobility, 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. Additionally, Page 97 of the Plan authorizes the CRA to engage in the encouragement of small business opportunities in the redevelopment area. Through this assistance program to businesses the CRA will be able to fulfill its redevelopment objectives. FUNDING: Packet Pg. 229 $1,000,000.00 allocated from Omni Tax Increment 2020-2021 Budget line item 24 pg. 5. 1.5 City of Miami Page 2 of 5 File ID: 7932 (Revision:) Printed On: 9/22/2020 Packet Pg. 230 c !oWI ,NA6 Omni C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7932 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") CREATING A CORONAVIRUS DISEASE 2019 ("COVID-19") EMERGENCY RELIEF MICROGRANT PROGRAM ("PROGRAM") TO PROVIDE RELIEF FROM ECONOMIC DISTRESS FOR SMALL BUSINESSES IN THE OMNI REDEVELOPMENT AREA AFFECTED BY THE COVID-19 PANDEMIC ("PANDEMIC"); ALLOCATING ONE MILLION DOLLARS ($1,000,000.00) FROM PAGE 5, LINE ITEM 24 OF THE 2020- 2021 OMNI CRA BUDGET FOR THE PROGRAM; ALLOWING AND AUTHORIZING THE DISBURSEMENT OF FUNDS SUBJECT TO THE EXECUTIVE DIRECTOR'S DISCRETION TO ELIGIBLE BUSINESSES IN AN AMOUNT NOT TO EXCEED TWENTY FIVE THOUSAND DOLLARS ($25,000.00) PER BUSINESS TO MITIGATE COSTS ASSOCIATED WITH THE PANDEMIC UPON THE PROVISION OF SATISFACTORY DOCUMENTATION FOR THE PURPOSES AS STATED HEREIN. 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 2010 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 authorizes 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, on March 11, 2020, the World Health Organization declared the Coronavirus Disease 2019 ("COVID-19") a pandemic; and WHEREAS, the City of Miami ("City") declared a State of Local Emergency on March 12, 2020 resulting in the closure of non -essential businesses and stay at home orders; and WHEREAS, during March 2020, Florida Governor Ron DeSantis entered several Executive Orders restricting non -essential local businesses within the City and the Area, restrictions specifically affecting numerous retail and food service establishments; and City of Miami Page 3 of 5 File ID: 7932 (Revision:) Printed On: 9/22/2020 1.5 Packet Pg. 231 1.5 WHEREAS, the CRA has previously engaged in an extensive campaign to foster walkable ground -floor activations, particularly focusing on retail, restaurants, and other businesses which have been heavily impacted by restrictions related to COVID-19; and WHEREAS, these businesses are vital to the healthy redevelopment of the Area; and WHEREAS, the Board of Commissioners wishes to create a grant program to provide assistance and relief to affected small businesses in the Area ("Program"); and WHEREAS, the Board of Commissioners wishes to allocate one million dollars ($1, 000,000.00) to the Program; and WHEREAS, funds are available from page 5, line item 24 of the 2020-2021 Omni CRA Budget for the Program; and WHEREAS, the Executive Director is requesting discretionary authority to disburse funds from the Program to eligible small businesses within the Area upon presentation of satisfactory documentation without the need for further approval from the Board of Commissioners; and WHEREAS, each eligible small business entity shall receive an amount not to exceed twenty five thousand dollars ($25,000.00) from the Program; and 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 one million dollars ($1,000,000.00) allocated from page 5, line item 24 of the 2020-2021 Omni CRA Budget. Section 3. The Executive Director is authorized to disburse funds to eligible small businesses either directly or on a reimbursement basis or directly to vendors upon presentation of invoices and satisfactory documentation, solely within his discretion, in an amount not to exceed twenty five thousand dollars ($25,000.00) per business from the Program. Section 4. The Executive Director is authorized to negotiate and execute any and all documents necessary to effectuate the Program, all in forms acceptable to the General Counsel. Section 5. This Resolution shall become effective immediately upon its adoption. City of Miami Page 4 of 5 File ID: 7932 (Revision:) Printed On: 9/22/2020 Packet Pg. 232 APPROVED AS TO FORM AND CORRECTNESS: 1.5 VICTORIA MENDEZ, GENERAL COUNSEL City of Miami Page 5 of 5 File ID: 7932 (Revision:) Printed On: 9/22/2020 Packet Pg. 233 4I Omni CRA Omni CRA COVID-19 Emergency Microgrant In response to the COVID-19 epidemic and Miami -Dade Emergency Order 03-20 and 07-20, closing all non -essential businesses and limiting the activities in businesses allowed to remain open, the Omni CRA has appropriated $1,000,000 to be used for immediate relief of economic distress for small businesses. This funding will be made available as a grant of up to $25,000 for eligible businesses, and can be applied to mitigate costs associated with the pandemic. Because the CRA has previously engaged in an extensive campaign to foster walkable ground -floor activations, particularly focusing on retail, restaurants, and other businesses that depend on foot traffic which are heavily impacted by COVID-19 quarantines and closures, these businesses are particularly vital to the healthy redevelopment of the neighborhood. In accordance with Florida Statute 163 Part III, the grants are not available to businesses outside of the CRA redevelopment area. The goal of the program is to provide businesses located within the CRA redevelopment area with immediate financial relief to avoid the blighting influence from permanent closures due to temporary coronavirus restrictions. These grants will provide financial assistance to help small businesses with meeting basic obligations such as rent, payroll and utilities, and to remain viable over the term of Emergency and during the Reopening. This grant aims to help leverage other public assistance programs and private dollars, encourages businesses to maintain their labor force during lockdown and after the Emergency Order is lifted. Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 1.5.a 1 Packet Pg. 234 Omni C R A COVID-19 Emergency Microgrant SMALL BUSINESS COVID-19 EMERGENCY GRANT APPLICATION Applicants must meet the below criteria: O Locally owned and independently operated O Physically established within the Omni CRA Redevelopment Area (Check if your business address meets eligibility) O Be an Eligible Business, including, but not limited to: ■ Independent restaurants, (includes full -service, limited service, and cafe establishments) ■ Hotels/motels ■ Bar/nightclub ■ Small retail ■ Galleries ■ Hair, beauty, and other personal services (salons / spas, barbers, massage therapist, tattoo, etc.) ■ Cleaning and laundry services ■ Fitness centers and gyms ■ Personal care services (child/daycare, disabled, & elderly care services, funeral services, etc.) ■ Event spaces & services (event planners, caterers & staffing agencies, coworking spaces) O Been opened and operational for a minimum of one year O Have applied for one or more of the SBA financial products targeted to COVID-19 relief, if eligible O Have 50 employees or fewer O Affirm a loss of revenue due to COVID-19 Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2nd Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 2 Packet Pg. 235 Omni C R A COVID-19 Emergency Microgrant BUSINESS NAME To receive funding through this program, each business will be required to clearly articulate a plan for utilizing CRA funds for an eligible use. The grant award can be used for the following: O Commercial Lease payments with documentation of attempted deferral of lease payments. O Commercial Mortgage and high interest loan payments with documentation of attempted deferral of repayment. O Employee Salary and Benefits and funding existing Payroll or rehiring of staff which were laid off or furloughed due to COVID-19 quarantines O Other Sales, General, and Administrative expenses (SGA) deemed critical for business operations O New equipment needed to assist the business to a temporary digital or takeout transition (e.g. webcams for virtual trainings, software licensing for videoconferencing, etc.) O Utility payments Further stipulations of the Grant O Recipients only use the funding on business location(s) within the Omni CRA redevelopment area O Business may not issue any shareholder dividends for one year after reception of grant O The business is required to remain open for the period of the Emergency, if possible O The recipient of the grant must keep detailed records of the use of the funding, which shall be mailed to the CRA at the end of the loan period O If appropriate the business may be requested to provide in -kind services to the CRA for redevelopment efforts, at a later date Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 3 Packet Pg. 236 -on al Omni C R A COVID-19 Emergency Microgrant Contact Name BUSINESS NAME Contact Mailing Address Contact Telephone Contact Email Property Owner Name Business Address Start of Business Date Employees Jan 1, 2020 Total Retail (Sq. Ft.) Remaining Employees Description of the business Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 4 Packet Pg. 237 Omni C R A COVID-19 Emergency Microgrant Required documentation: BUSINESS NAME O State of Florida business registration with Current Status from the Florida Division of Corporations O Most recent Annual or Quarterly Balance Sheet or Profit & Loss Statement O Current City of Miami Business Tax Receipt O Full employee list (as of January 31, 2020 and date of application) O Copy of most recent Utility Bill statement or current General Liability Insurance Policy. O W-9 O Completed ACH Form Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 5 Packet Pg. 238 Omni C R A COVID-19 Emergency Microgrant ■ BUSINESS NAME GRANT NARRATIVE (clearly articulate a plan for utilizing grant funds for an eligible use) L As a current business owner in this community who has suffered a loss of revenue due to the COVID- 19 pandemic, and closures resulting thereof, I wish to participate in the OMNI CRA COVID-19 EMERGENCY MICROGRANT PROGRAM. I understand that this application does not imply acceptance in the program and, that my application is reviewed by the CRA for possible approval. I acknowledge that I have received a copy of the Grant Program Procedures and will comply with all requirements should I be awarded a grant. Signature / Print Name for Business Owner Name Date Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 6 Packet Pg. 239 Omni C R A COVID-19 Emergency Microgrant BUSINESS NAME Applications will may be disqualified for approval for the following reasons: O Applicant did not provide documentation demonstrating that the eligibility criteria have been met. O Grant would not support redevelopment of the CRA O The business is not located in the Omni CRA Redevelopment Area. O The grant will provide funds for speculation in any kind of property, real or personal, tangible or intangible; O If the applicant is a charitable institution or non-profit enterprise: O If the purpose of the grant is to finance the acquisition of real property or land. O If the Applicant and/or its principals are in debt to the City of Miami. O If the Applicant and/or business owner have been debarred from doing business with federal, state, county or local government. O Lack of funds. OFFICE USE ONLY Date Received: Approved / Denied Omni Community Redevelopment Agency • Alex Diaz de la Portilla, Chairman • Jason Walker, Executive Director 1401 N. Miami Ave., 2"d Floor, Miami, FL 33136 . www.omnicra.com • 305.679.6868 7 Packet Pg. 240