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HomeMy WebLinkAboutCRA-R-20-0013I I `rr Omni CRA OMNI Community Redevelopment Agency Legislation OMNI CRA Resolution: CRA-R-20-0013 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.omnicra.com File Number: 7928 Final Action Date:9/24/2020 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 City of Miami Page 1 of 2 File ID: 7928 (Revision:) Printed On: 9/4/2025 File ID: 7928 Enactment Number: CRA-R-20-0013 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 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: Barnaby I_. Min, Deputy City Attorney 9/22/2020 City of Miami Page 2 of 2 File ID: 7928 (Revision:) Printed on: 9/4/2025