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Omni
CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-20-0014
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 7929 Final Action Date:9/24/2020
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
City of Miami Page 1 of 2 File ID: 7929 (Revision:) Printed On: 9/5/2025
File ID: 7929 Enactment Number: CRA-R-20-0014
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
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
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:
Barnaby I_. Min, Deputy City Attorney 9/22/2020
City of Miami Page 2 of 2 File ID: 7929 (Revision:) Printed on: 9/5/2025