HomeMy WebLinkAboutOMNI CRA 2021-09-13 Agenda PacketCity of Miami
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
4110
Omni
C R A
Meeting Agenda
Monday, September 13, 2021
9:30 AM
(OR THEREAFTER)
City Hall
3500 Pan American Drive
Miami, FL 33133
OMNI Community Redevelopment Agency
Ken Russell, Chair, District Two
Joe Carollo, Vice Chair, District Three
Alex Diaz de la Portilla, Board Member, District, One
Manolo Reyes, Board Member, District Four
Jeffrey Watson, Board Member, District Five
OMNI CRA OFFICE ADDRESS:
1401 N. Miami Avenue, 2nd Floor, Miami 33136
Phone: (305) 679-6868
www.miamicra.com
OMNI Community Redevelopment Agency
Meeting Agenda September 13, 2021
CALL TO ORDER
OMNI CRA RESOLUTION(S)
1. OMNI CRA RESOLUTION
10629 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S
PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT
FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021
AND ENDING SEPTEMBER 30, 2022; DIRECTING THE EXECUTIVE
DIRECTOR TO TRANSMIT A COPY OF THE BUDGET TO THE CITY OF
MIAMI AND MIAMI-DADE COUNTY.
2. OMNI CRA RESOLUTION
10648 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("OMNI CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY AGREEMENTS PURSUANT
TO SECTION 112.24, FLORIDA STATUTES, WITH THE WEST GROVE
COMMUNITY REDEVELOPMENT AGENCY ("WEST GROVE CRA"), ALL IN
FORMS ACCEPTABLE TO THE GENERAL COUNSEL, WITH RESPECT TO
SERVICES PREVIOUSLY PROVIDED BY THE OMNI CRA'S STAFF ON
BEHALF OF THE WEST GROVE CRA AND TO AUTHORIZE THE OMNI
CRA'S STAFF TO PROVIDE ONGOING ADMINISTRATIVE SERVICES,
SUPPORT, AND FUNDING TO THE WEST GROVE CRA; FURTHER
AUTHORIZING ANY AMENDMENTS, EXTENSIONS, RENEWALS, AND
MODIFICATIONS TO SAID AGREEMTNS, ALL IN FORMS ACCEPTABLE TO
THE GENERAL COUNSEL, FOR SAID PURPOSE.
3. OMNI CRA RESOLUTION
10649 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/STHS)
AFFIRMATIVE VOTE, RATIFYING, CONFIRMING, AND APPROVING THE
EXECUTIVE DIRECTOR'S WRITTEN FINDING OF AN EMERGENCY,
ATTACHED AND INCORPORATED, PURSUANT TO SECTION 18-90 OF
THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND
WAIVING COMPETITIVE SEALED BIDDING PROCEDURES FOR THE
SHORING OF THE CITIZENS BANK BUILDING LOCATED AT 1367 NORTH
MIAMI AVENUE, MIAMI, FLORIDA AS AN EMERGENCY PROCUREMENT
AS RECOMMENDED BY THE ENGINEERING REPORT ATTACHED AND
INCORPORATED AS EXHIBIT "A"; RETROACTIVELY AUTHORIZING THE
EXPENDITURE IN THE AMOUNT OF $5,800,000.00 AND THE SELECTION
OF MASS CONSTRUCTION CORPORATION FOR SAID EMERGENCY.
OMNI Community Redevelopment Agency Page 2 Printed on 9/7/2021
OMNI Community Redevelopment Agency
Meeting Agenda September 13, 2021
4. OMNI CRA RESOLUTION
8994 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), BY A FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, RATIFYING,
CONFIRMING, AND APPROVING THE OMNI CRA WRITTEN FINDING OF
AN EMERGENCY, ATTACHED AND INCORPORATED, PURSUANT TO
SECTION (18-90) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED ("CITY CODE"), RATIFYING AND APPROVING THE
EXPENDITURES FOR RELOCATION EXPENSES FOR THE RESIDENTS OF
1440 NW 1ST AVENUE, MIAMI, FLORIDA 33136 AS AN EMERGENCY
PROCUREMENT.
5. OMNI CRA RESOLUTION
10631 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), BY A FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN
ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND
CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND
FINDING THAT COMPETITIVE NEGOTIATION METHODS AND
PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS
PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY
OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING
THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT
BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING
THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN
AGREEMENT WITH SUPPORTING DOCUMENTS ALLOCATING GRANT
FUNDS OF $15,000,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT
OF PROPERTIES LOCATED 1441, 1445, AND 1455 N. MIAMI AVENUE, 25
AND 31 N.E. 14TH STREET, AND 1412, 1418, 1428, AND 1432 N.E. MIAMI
COURT, MIAMI, FLORIDA WITHIN THE REDEVELOPMENT AREA, IN A
FORM ACCEPTABLE TO THE GENERAL COUNSEL, SUBJECT TO THE
CRA BEING ABLE TO SUCCESSFULLY SECURE FINANCING AND
SUBJECT TO THE AVAILABILITY OF FUNDS.
OMNI Community Redevelopment Agency Page 3 Printed on 9/7/2021
OMNI Community Redevelopment Agency
Meeting Agenda September 13, 2021
6. OMNI CRA RESOLUTION
10633 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE CRA TO REBATE TO 14TH STREET
DEVELOPMENT LLC, A FLORIDA LIMITED LIABILITY CORPORATION
("GRANTEE"), THE TAX INCREMENT FINANCE ("TIF") REVENUES
GENERATED ONLY FROM THE DEVELOPMENT BY THE GRANTEE OF
THE 14TH STREET APARTMENT PROJECT ("PROJECT") IN AN AMOUNT
NOT TO EXCEED 95% OF THE AVAILABLE DEVELOPMENT TIF
COLLECTED FROM THE PROJECT ANNUALLY OR $816,731 ANNUALLY,
WHICHEVER IS LESS, PER YEAR UNTIL 2047 IF THE LIFE OF THE CRA IS
EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED
$13,600,000.00 WITH PAYMENT TO BEGIN UPON SUBSTANTIAL
COMPLETION AND THE PROJECT RECEIVING A CERTIFICATE OF
OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047
IF THE LIFE OF THE CRA IS EXTENDED TO 2047; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE, ALL IN A FORMS ACCEPTABLE TO GENERAL COUNSEL.
ADJOURNMENT
OMNI Community Redevelopment Agency Page 4 Printed on 9/7/2021
OMNI Board of Commissioners Meeting
September 13, 2021
2.1
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
From: Jason Walker
Executive Director
Date: September 2, 2021 File: 10629
Subject: Approving Omni CRA's General
Operating Budget & Tax Increment
Fund Budget for FY '21-'22
Enclosures: 10629 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment
District Community Redevelopment Agency ("CRA") approve and adopt the attached
resolution, with attachment(s), adopting the proposed Omni CRA's General Operating
Budget and Tax Increment Fund Budget, for the fiscal year commencing October 1,
2021, and ending September 30, 2022, and further directing the Executive Director to
transmit a copy of each budget to the City of Miami and Miami Dade County.
JUSTIFICATION:
The Interlocal Agreement requires the OMNI CRA to annually prepare a proposed
budget and transmit same to City of Miami and Miami Dade County.
This Resolution fulfills this requirement.
Packet Pg. 5
2.1
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 10629 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED
GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE
FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30,
2022; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE
BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is responsible for carrying out community redevelopment activities and projects within
its Redevelopment Area; and
WHEREAS, as a prerequisite to carrying out Fiscal Year 2021-2022 redevelopment
activities, the Board of Commissioners must approve the CRA's proposed General Operating
Budget and Tax Increment Fund Budget ("Budget") for the Fiscal Year commencing October 1,
2021 and ending September 30, 2022 ("Fiscal Year"); and
WHEREAS, as part of the approval of the Fiscal Year Budget, the CRA hereby
deobligates the unused portion of the funds allocated for the purchase of the real property
located at 4028 NW 1st Avenue, Miami, Florida as previously authorized by CRA Resolution No.
CRA-R-19-0001 as the funds are no longer needed for the acquisition of the property; and
WHEREAS, as part of the approval of the Fiscal Year Budget, the CRA hereby
deobligates the unused portion of the funds allocated to the Sundari Foundation d/b/a Lotus
House for a portion of the costs associated with the Lotus House Program as previously
authorized by CRA Resolution No. CRA-R-19-0045 as the funds are no longer needed for the
Lotus House Program; and
WHEREAS, the CRA's Budget is in the total amount of $66,531,544.00 for the Fiscal
Year; and
WHEREAS, as part of the Budget, the Executive Director of the CRA shall receive an
annual salary of One Hundred Eighty Thousand Dollars and a cost -of -living adjustment increase
no greater than two to five percent (2% - 5%) each year thereafter; and
WHEREAS, a copy of the Budget is required to be transmitted to the City of Miami
("City") and Miami -Dade County ("County");
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 to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
City of Miami Page 2 of 3 File ID: 10629 (Revision:) Printed On: 9/4/2021
Packet Pg. 6
Section 2. The Executive Director's salary is adjusted to reflect an annual amount of One
Hundred Eighty Thousand Dollars plus annual cost of living increases as stated herein.
2.1
Section 3. The Budget for the Fiscal Year, attached and incorporated as Exhibit "A", is
approved and adopted.
Section 4. The Executive Director is directed to transmit a copy of the budget to the City
and the County.
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 3 of 3 File ID: 10629 (Revision:) Printed On: 9/4/2021
Packet Pg. 7
2.1.a
OMNI TAX INCREMENT FUND BUDGET
FY 2022
PROPOSED:
BUDGET
FY 2021
ADOPTED
BUDGET
BUDGET
VARIANCE
REVENUES
CITY OF MIAMI - TAX INCREMENT
$18,191,428
$18,726,124
($534,696)
MIAMI DADE COUNTY - TAX INCREMENT (ORI3lNAL BOUNDARIES)
$11,070,284
$11,401,481
($331,197)
CITY OF MIAMI- TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES)
$823,665
$650,015
$223,850
MIAMI DADE COUNTY -TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES)
$502,155
$385,021
$162,134
Total TIF Revenues S30,747,532
2020 FUND BALANCE LOAN SERIES 2018 A and 2018 B (Funds held by Bank United)
$11,288,880
$11,767,372
$18,518
TRANSFER FROM MIDTOWN CRA (Administration)
$114,223
$88,462
$16,252
RENT INCOME
$100,000
$80,000
$20,000
2022 CHILDREN TRUST CONTRIBUTION
$1,150,560
$1,246,906
($96,346)
2021 ESTIMATED FUND BALANCE (It includes the $4,552,500 - Reimbursement from Loan
$22,631,839
$18,481,810
$4,140,229
Series 2018A)
TOTALIREVENUE. - - .:
$66,531,544
; $62,856,9961
$3,674,549
REDEVELOPMENTEXPENDIT.URES.
ACCOUNTINGANDAUDIT
$15,000
$15,000
$0
PROFESSIONAL SERVICES -OTHER
$425,820
$325,920
$100,000
OTHER CONTRACTUAL SERVICES
$300,000
$300,000
$0
INTERFUND TRANSFER (Debt Service)
$2,815,196
$2,814,140
$1,056
INTERFUND TRANSFER (Grant)
$812,500
$812,500
$0
OTHER CURRENT CHARGE
$0
$1,500,000
($1,500,000)
OTHER GRANTS AND AIDS
$38,322,860
$35,801,708
$2,421,252
ADMINLSTRATIVE.EXPENDITURES -
REGULAR SALARIES
$1,058,540
$813,640
$144,900
FICA TAXES
$77,857
$68,883
$7,964
LIFE AND HEALTH INSURANCE
$130,000
$120,000
$10,000
RETIREMENT CONTRIBUTION
$50,000
$50,000
$0
FRINGE BENEFITS
$54,500
$54,500
$0
OTHER CONTRACTUAL SERVICE
$140,000
$130,000
$10,000
TRAVEL AND PER DIEM
$30,000
$30,000
$0
UTILITY SERVICE
$20,300
$20,300
$0
INSURANCE
$115,000
$115,000
$0
OTHER CURRENT CHARGE
$236,617
$216,867
$18,250
SUPPLIES
$10,000
$10,000
$0
OPERATING -SUPPLIES ----
$10,000
$10,000
--$0
SUBSCRIPTION MEMBERSHIP
$17,000
$17,000
$0
MACHINERY AND EQUIPMENT
$6,000
$6,000
$0
ADVERTISING
$30,000
$30,000
$0
RENTAL AND LEASES
$3,600
$3,600
$0
POSTAGE
$2,000
$2,000
$0
REPAIR/MAINTENANCE - OUTSIDE
$2,000
$2,000
$0
INTERFUND TRANSFER
$18,000
$18,000
$0
Total Adminlnralroe Cmpendl lures $2,011,416
RESERVE FOR 2007 GLOBAI AGREEMENT (TIJNN EL)
$4,084,633
$4,231,000
($146,362)
RESERVE FOR 2007 GLOBAL AGREEMENT (35 % PAC)
$10,761,636
$10,810,424
($148,788)
RESERVE FOR INTERLOCAL CHILDREN'STRUST
$1,150,560
$1,246,906
($86,346)
PAYMENT TO CITY OF MIAMI FOR MAURICE FERRE PARK
$3,000,000
$0
$3,000,000
Total Reserve for 04119allolls Wlth Other Governing $38,996,629
RESERVE FOR M€DTOWN ADM EXPENDITURES
$114,223
$88,462
$16,256
RESERVE FOR SECURITY DEPOSIT- MEC
$125,000
$125,000
$0
RESERVE FOR SECURITY DE POST - 1401 GROUP LLC
$40,000
$40000
$0
RESERVE FOR CAPITAL EXPENDITURES
$1,354,348
$1,311,442
$42,802
RESERVE FOR PAYMENTOF PROPERTY TAXES- MEC
$228,612
$208,862
$18,250
RESERVE FOR LOAN PROCEEDS SERIES 2019 A & B
$0
$47,500
($47,500)
Total Resorvo for Othor $1,663,689
$0
2019 BUDGET RESERVE
$28,883
$28,893
$0
2020 BUDGET RESERVE
$406,621
$249,298
$157,373
2021 BUDGET RESERVE
$532,421
$820,131
($332,660)
Tolal Unrestrkrred Reserve $968,035
ITOTAL FUND -BALANCE -
$66,531,544
:S62,1356,996
. $3,674,548
A)
B)
C}
2022TIF Revenue
2022 TIF Rev for Affordable Housing
% 2022 Budget for Affordable Housin g
$30,242,532
$3,024,253
10%
2022 TIF Revenue $30,242,532
2022 Administrative Expenditures $2,011,414
% Administrative Exp / 2022 TIF Revenue 7%
Budget Reserve (2019, 2020 and 2021) $868,035
Total 2022 Budget $66,531,544
% 2022 Budget Reserve / Total 2022 Budget 1.46%
So
$o
Attachment: 10629 Exhibit A (10629 : Approving Omni CRA's General Operating Budget & Tax Increment Fund Budget for FY '21 '22)
t
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OMNI Board of Commissioners Meeting
September 13, 2021
2.2
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
Jason Walker
Executive Director
Date: September 4, 2021 File: 10648
Subject: West Grove CRA Administrative
Services
Enclosures: 10648 Backup
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Omni Community
Redevelopment Agency ("Omni CRA"), approve the attached resolution authorizing the
Omni CRA's Chairman to negotiate and execute any and all necessary agreements,
pursuant to Florida to Statues § 112.24, with the West Grove Community
Redevelopment District Community Redevelopment Agency ("West Grove CRA") to
provide administrative services and support to the West Grove CRA; further authorizing
the Chairman of the Omni CRA to negotiate and execute any amendments, extensions,
renewals, and modifications to said agreements. It is also recommended that the Omni
CRA is authorized to give financial support to the West Grove CRA which shall be
reimbursed when the West Grove CRA is self-sufficient.
JUSTIFICATION:
The City of Miami on January 11, 2018, through Resolution R-18-0010 previously
approved and adopted the Finding of Necessity Study pursuant to Florida Statute
Section 163.335. The West Grove area as outlined in the study was declared to be slum
and blighted.
On March 25, 2021, the City of Miami through Resolution R-21-0119 created the West
Grove Community Redevelopment Agency in accordance with Florida Statutes Chapter
163.356 titled, "Creation of a Community Redevelopment Agency."
The West Grove CRA is currently in need of staff to carry out the daily administrative
tasks and duties of the agency. Section 122.24 Florida State Statutes allows for the
temporary assignment of employees among agencies and government. In order to
make the most efficient use of expertise, staff and resources, the Board of
Commissioners of the West Grove CRA and the Omni CRA intend to use the same staff
to manage the administrative tasks and duties of both agencies. Financial support to the
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2.2
West Grove CRA shall also be provided by the Omni CRA subject to the availability of
funds and shall be reimbursed to the Omni CRA within a reasonable time as soon as
the West Grove CRA is self-sufficient."
This Resolution approves the authorization of the Omni CRA's Chairman to negotiate
and execute any and all necessary agreements between the Omni CRA and West
Grove CRA, and any amendments, extensions, renewals, and modifications. The
Resolution also authorizes the Omni CRA to provide financial support to the West
Grove CRA which shall be reimbursed when the West Grove CRA is self-sufficient.
FUNDING:
Amount to be determined upon creation and finalization of the West Grove CRA's
budget.
City of Miami Page 2 of 4 File ID: 10648 (Revision:) Printed On: 9/4/2021
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Of i
-we ilk
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 10648 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI
CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY AGREEMENTS PURSUANT TO SECTION 112.24,
FLORIDA STATUTES, WITH THE WEST GROVE COMMUNITY REDEVELOPMENT
AGENCY ("WEST GROVE CRA"), ALL IN FORMS ACCEPTABLE TO THE GENERAL
COUNSEL, WITH RESPECT TO SERVICES PREVIOUSLY PROVIDED BY THE OMNI
CRA'S STAFF ON BEHALF OF THE WEST GROVE CRA AND TO AUTHORIZE THE
OMNI CRA'S STAFF TO PROVIDE ONGOING ADMINISTRATIVE SERVICES,
SUPPORT, AND FUNDING TO THE WEST GROVE CRA; FURTHER AUTHORIZING
ANY AMENDMENTS, EXTENSIONS, RENEWALS, AND MODIFICATIONS TO SAID
AGREEMTNS, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR
SAID PURPOSE.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("Omni CRA") is responsible for carrying out community redevelopment activities and projects
within its Redevelopment Area; and
WHEREAS, the West Grove Community Redevelopment Agency ("West Grove CRA") is
responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area; and
WHEREAS, both the Omni CRA and the West Grove CRA are public agencies
authorized to enter into agreements with other public agencies pursuant to Section 163.01,
Florida Statutes, known as the "Florida Interlocal Cooperation Act of 1969" to make the most
efficient use of their powers by enabling them to cooperate with each other on the basis of
mutual advantage and thereby provide services and facilities that will harmonize geographic,
economic, population, and other factors influencing the needs and development of local
communities; and
WHEREAS, Section 112.24, Florida Statues, further allows for the temporary
assignment of employees among agencies of government; and
WHEREAS, the provision of administrative services and related duties by the Omni CRA
on behalf of the West Grove CRA is within the agencies' respective authorities through the
approval and execution of an Interlocal Agreement; and
WHEREAS, the West Grove CRA previously adopted Resolution No. WG-CRA-R-21-
0003 on August 10, 2021 authorizing the West Grove CRA's Chairman to negotiate and execute
any and all necessary agreements pursuant to Section 112.24, Florida Statutes, with the Omni
CRA for the provision of administrative services and support for the West Grove CRA; and
WHEREAS, the Omni CRA is positioned to provide such administrative services and
related duties on behalf of the West Grove CRA; and
City of Miami Page 3 of 4 File ID: 10648 (Revision:) Printed On: 9/4/2021
2.2
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2.2
WHEREAS, the Omni CRA may also provide financial support to the West Grove CRA,
subject to the availability of funds which shall be reimbursed by the West Grove CRA as soon
as the West Grove CRA is self-sufficient; and
WHEREAS, in order to make the most efficient use of expertise, staff, and resources,
the Board of Commissioners of the Omni CRA wishes to permit the Omni CRA's staff to provide
the administrative services and related duties to the West Grove CRA pursuant to a negotiated
Interlocal Agreement;
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 to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to negotiate and execute any and all
necessary agreements consistent with applicable Florida law with the West Grove CRA, in
forms acceptable to the General Counsel, in order to authorize the Omni CRA's staff to provide
administrative services and related duties on behalf of the West Grove CRA, including any and
all services previously provided to the West Grove CRA.
Section 3. The Omni CRA is authorized to provide financial support to the West Grove
CRA pursuant to a negotiated agreement, in a form acceptable to the General Counsel and
subject to the condition that the West Grove CRA reimburse the Omni CRA for any and all funds
and services provided within a reasonable time once the West Grove CRA becomes self-
sufficient, including any and all funds previously provided to the West Grove CRA.
Section 4. The Executive Director is further authorized to negotiate and execute any and
all necessary amendments, extensions, renewals, and modifications to said agreements, all in
forms acceptable to the General Counsel, for said purposes.
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: 10648 (Revision:) Printed On: 9/4/2021
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West Grove Board of Commissioners Meeting
August 10, 2021
2.2.a
WEST GROVE COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell Date: August 4, 2021 File: 9483
Subject: West Grove CRA Administrative
Services and Support
Enclosures:
RECOMMENDATION:
It is recommended that the Board of Commissioners of the West Grove Community
Redevelopment Agency ("West Grove CRA"), approve the attached resolution
authorizing the West Grove CRA's Chairman to negotiate and execute any and all
necessary agreements, pursuant to Florida to Statues § 112.24, with the Omni
Redevelopment District Community Redevelopment Agency ("Omni CRA") to provide
administrative services and support to the West Grove CRA; further authorizing the
Chairman of the West Grove CRA to negotiate and execute any amendments,
extensions, renewals, and modifications to said agreements. It is also recommended
that the West Grove CRA is authorized to accept financial support from the Omni CRA
which shall be reimbursed when the West Grove CRA is self-sufficient.
JUSTIFICATION:
The City of Miami on January 11, 2018, through Resolution R-18-0010 previously
approved and adopted the Finding of Necessity Study pursuant to Florida Statute
Section 163.335. The West Grove area as outlined in the study was declared to be slum
and blighted.
On March 25, 2021, the City of Miami through Resolution R-21-0119 created the West
Grove Community Redevelopment Agency in accordance with Florida Statutes Chapter
163.356 titled, "Creation of a Community Redevelopment Agency."
The West Grove CRA is currently in need of staff to carry out the daily administrative
tasks and duties of the agency. Section 122.24 Florida State Statutes allows for the
temporary assignment of employees among agencies and government. In order to
make the most efficient use of expertise, staff and resources, the Board of
Commissioners of the West Grove CRA and the Omni CRA intend to use the same staff
to manage the administrative tasks and duties of both agencies. Financial support to the
West Grove CRA shall also be provided by the Omni CRA subject to the availability of
funds and shall be reimbursed to the Omni CRA as soon as the West Grove CRA is
self-sufficient.
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2.2.a
This Resolution approves the authorization of the West Grove CRA's Chairman to
negotiate and execute any and all necessary agreements between the Omni CRA and
West Grove CRA, and any amendments, extensions, renewals, and modifications. The
Resolution also authorizes the West Grove CRA to accept financial support from the
Omni CRA which shall be reimbursed when the West Grove CRA is self-sufficient.
FUNDING:
Amount to be determined upon creation and finalization of the West Grove CRA's
budget.
City of Miami Page 2 of 4 File ID: 9483 (Revision:) Printed On: 8/4/2021
Packet Pg. 14
2.2.a
City of Miami
Legislation
West Grove CRA Resolution
File Number: 9483 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE WEST GROVE
COMMUNITY REDEVELOPMENT AGENCY (" WEST GROVE CRA") AUTHORIZING
THE WEST GROVE CRA'S CHAIRMAN TO NEGOTIATE AND EXECUTE ANY AND
ALL NECESSARY AGREEMENTS PURSUANT TO SECTION 112.24, FLORIDA
STATUTES, WITH THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY ("OMNI CRA") FOR THE OMNI CRA'S STAFF TO
PROVIDE ADMINISTRATIVE SERVICES AND SUPPORT TO THE WEST GROVE
CRA; FURTHER AUTHORIZING ANY AMENDMENTS, EXTENSIONS, RENEWALS,
AND MODIFICATIONS TO SAID AGREEMENTS, ALL IN FORMS ACCEPTABLE TO
THE COUNSEL FOR THE WEST GROVE CRA, FOR SAID PURPOSE.
WHEREAS, pursuant to Resolution No. R-709-20 adopted on July 21, 2020, the Board
of Commissioners of Miami -Dade County ("County") delegated the power to create a community
redevelopment agency in the West Grove Area to the City of Miami ("City") with the initial sole
power of preparing and adopting a redevelopment plan; and
WHEREAS, pursuant to Resolution No. R-21-0119 adopted on March 25, 2021, the City
created the West Grove Community Redevelopment Agency ("West Grove CRA"); and
WHEREAS, the West Grove CRA is in need of staff to carry out the daily administrative
tasks and duties of the agency; and
WHEREAS, Section 122.24, Florida Statutes, allows for the temporary assignment of
employees among agencies of government; and
WHEREAS, financial support to the West Grove CRA shall also be provided by the Omni
Redevelopment District Community Redevelopment Agency ("Omni CRA") subject to the
availability of funds and shall be reimbursed to the Omni CRA as soon as the West Grove CRA
is self-sufficient; and
WHEREAS, in order to make the most efficient use of expertise, staff, and resources,
the Board of Commissioners of the West Grove CRA and the Omni CRA intend to use the same
staff to manage the administrative tasks and duties of both agencies;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE WEST GROVE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
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 Chairman of the West Grove CRA is authorized to negotiate and
execute any and any and all necessary agreements pursuant Florida Statutes with the Omni
CRA for the Omni CRA's staff to provide administrative services to the West Grove CRA.
City of Miami Page 3 of 4 File ID: 9483 (Revision:) Printed On: 8/4/2021
Packet Pg. 15
Section 3. The West Grove CRA is authorized to accept financial support from the
Omni CRA which shall be reimbursed when the West Grove CRA is self-sufficient.
2.2.a
Section 4. The Chairman of the West Grove CRA is further authorized to negotiate
and execute any necessary amendments, extensions, renewals, and modifications to said
agreements, all in forms acceptable to the Counsel for the West Grove CRA, for said purposes.
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: 9483 (Revision:) Printed On: 8/4/2021
Packet Pg. 16
OMNI Board of Commissioners Meeting
September 13, 2021
2.3
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
Jason Walker
Executive Director
Date: September 3, 2021 File: 10649
Subject: 4/5ths Emergency Procurement —
Citizens Bank Building
Enclosures: 10649 Exhibit A
10649 Exhibit B
10649 Notice to the Public
10649 City of Miami Emergency
Code Sec. 18-90
10649 Citizens Phase I Budget
10649 Citizens Phase 11 Budget
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 2019 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 code as the process in which any and
all services and goods are procured by the CRA. The Historic Citizens Bank Building
was purchased by the CRA in 2017. The property is located at the corner of North
Miami Avenue and 13th Street located within the Redevelopment District. The location
is a prime location and presents numerous opportunities for growth, development,
restoration and rehabilitation consistent with the CRA's Redevelopment Plan. The CRA
has been awarded a Special Category Grant from the Florida Department of State in the
amount of $500,000 for the restoration of the Citizens Bank. The 2019 Redevelopment
Plan of the CRA highlights this property and the goal of the CRA in its historic
preservation in Page 4-45.
JUSTIFICATION:
In light of the above -mentioned background information, rehabilitation of the building
and the safety of the community it is respectfully recommended that the Board of
Directors of the CRA adopt the attached resolution by a four -fifths (4/5ths) affirmative
vote, ratifying, confirming and approving the Executive Director's finding that it was most
advantageous for the CRA to retain the services of Mass Construction for the shoring of
the Bank Building.
FUNDING:
Packet Pg. 17
$5,800,000.00 plus a contingency of up to 10% allocated from Omni Tax Increment
Fund 2020-2021 Budget Line Items 11, 11-1, and 31.
2.3
City of Miami Page 2 of 4 File ID: 10649 (Revision:) Printed On: 9/4/2021
Packet Pg. 18
2.3
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 10649 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE,
RATIFYING, CONFIRMING, AND APPROVING THE EXECUTIVE DIRECTOR'S
WRITTEN FINDING OF AN EMERGENCY, ATTACHED AND INCORPORATED,
PURSUANT TO SECTION 18-90 OF THE CODE OF THE CITY OF MIAMI, FLORIDA,
AS AMENDED, AND WAIVING COMPETITIVE SEALED BIDDING PROCEDURES
FOR THE SHORING OF THE CITIZENS BANK BUILDING LOCATED AT 1367
NORTH MIAMI AVENUE, MIAMI, FLORIDA AS AN EMERGENCY PROCUREMENT
AS RECOMMENDED BY THE ENGINEERING REPORT ATTACHED AND
INCORPORATED AS EXHIBIT "A"; RETROACTIVELY AUTHORIZING THE
EXPENDITURE IN THE AMOUNT OF $5,800,000.00 AND THE SELECTION OF
MASS CONSTRUCTION CORPORATION FOR SAID EMERGENCY.
WHEREAS, the Omni Redevelopment District Community Redevelop Agency ("CRA")
currently owns the Citizens Bank Building located at 1367 North Miami Avenue, Miami, Florida
("Bank Building") and is responsible for the renovation and rehabilitation of the historic property;
and
WHEREAS, the Bank Building was purchased by the CRA in 2017; and
WHEREAS, the CRA has retained the services of R.J. Heisenbottle ("Architect") for
architectural services of the Bank Building; and
WHEREAS, the CRA has been awarded a Special Category Grant from the Florida
Department of State in the amount of $500,000.00 for the restoration of the Bank Building; and;
WHEREAS, the Architect notified the CRA that the facade and interior structure of the
Bank Building is deteriorating rapidly due to water intrusion and spalling (collectively,
"Damage"); and
WHEREAS, the Bank Building is both historically designated and fronting on a public
sidewalk; and
WHEREAS, due to the significance of the Damage, the Architect and his subcontracted
Engineer recommended that the CRA immediately support and brace the Bank Building in order
to preserve the historical facade while protecting the public from any danger of collapse as
outlined in Exhibit "A," attached and incorporated; and
WHEREAS, it is a matter of public health and safety that the Bank Building is properly
secured; and
WHEREAS, the emergency nature of the rapid mobilization may result in necessitating
subsequent changes in the budget for the renovation and rehabilitation of the Bank Building;
and
City of Miami Page 3 of 4 File ID: 10649 (Revision:) Printed On: 9/4/2021
Packet Pg. 19
2.3
WHEREAS, the Executive Director, pursuant to Section 18-90 of the Code of the City of
Miami, Florida, as amended ("City Code"), approved an emergency bid waiver to procure the
services of a Mass Construction Corporation ("Mass"), a licensed general contractor meeting all
insurance requirements to complete the emergency repair services as recommended by the
Architect; and
WHEREAS, the use of the emergency bid waiver pursuant to the City Code is justified
as the Executive Director found that it was not practicable or advantageous to undergo the
formal bidding for a licensed general contractor because the time duration involved in formal
bidding would mean the Bank Building would present serious structural issues that pose a
safety hazard to the general public and significant further deterioration of the Bank Building, all
as detailed in Exhibit "B", attached and incorporated;
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. By a four -fifths (4/5ths) affirmative vote, pursuant to Section 18-90 of the City
Code, the Executive Director's emergency finding, attached and incorporated as Exhibit "B", is
approved and confirmed, the requirements for competitive sealed bidding procedures are
waived, and the emergency procurement of the services of Mass is approved as an emergency
procurement in the amount of $5,800,000.00, plus a contingency of ten percent (10%) of the
contract amount.
Section 3. The Executive Director is authorized to negotiate and retroactively execute
any and all agreements necessary, all in forms acceptable to the General Counsel, for the
purposes stated herein.
Section 4. The Executive Director is further authorized to negotiate any and all other
necessary documents, all in forms acceptable to the General Counsel, for the purposes stated
herein
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL
City of Miami Page 4 of 4 File ID: 10649 (Revision:) Printed On: 9/4/2021
Packet Pg. 20
EXHIBIT "A
2.3.a
From: Douglas Wood <dwood@douglaswood.biz>
Sent: Friday, April 2, 2021 4:10:27 PM
To: Unsafestructures<unsafestructures@miamigov.com>; Internet Building <Building@miamigov.com>
Cc: Richard Heisenbottle <richard@rjha.net>; Balzebre, Anthony <ABalzebre@miamigov.com>
Subject: Unsafe Structure - Immediate Attention - Citizens Bank - 1367 North Miami Avenue
CAUTION: This is an email from an external source. Do not click links or open attachments unless you recognize the
sender and know the content is safe.
Dear Building Official,
We are the structural engineers for the above -referenced historical, restoration project for the Omni/Midtown CRA. The
original design set of drawings was completed in 2019. We understand that there have been permitting delays, but that
the CRA wishes to proceed with the project. Therefore, I visited the building this afternoon with one of my associates.
Unfortunately, we found that in the past approximately two years, the deterioration of the structural systems has
progressed considerably. Greater areas of the roof have collapsed, the northern area of the second floor wall on the east
side of the building has rotated inward a few to several inches (and therefore, has disconnected from the front (north)
wall, leaving it more unstable), a spalling lintel has loose pieces of concrete that will fall to the sidewalk (and some pieces
already have fallen), and at least one (likely two) interior concrete column has collapsed (leaving the reinforcing bars
buckled, the second -floor beams lowered, and the column tilted). Please see attached representative photographs.
In our opinion, the current condition is unsafe and unstable. Therefore, we recommend that an appropriate area around
the building be immediately blocked off and secured from entry by all people and traffic.
Feel free to call me to discuss the situation.
Sincerely,
DOUGLAS WOOD ASSOCIATES, INC.
Douglas Wood, P.E., SECB
President
5040 N.W. 7th Street
Suite 820
Miami, Florida 33126
Phone: (305) 461 - 3450 Ext. 300
https://www.douglaswood.biz/
Packet Pg. 21
2.3.b
Ken Russell
Board Chair
Omni
CRA
Jason Walker
Executive Director
To: Board Chair Ken Russell
and Members of the CRA Board
From: Jason Walker,
Executive Director
Date: September 13th, 2021
Subject: 4/5ths Bid Waiver to Waive Competitive
Negotiation Procedures per City Code,
authorizing the CRA to retain the
services of Mass Construction for the
shoring of the Citizens Bank Building
References:
Enclosures:
Cover Memo, Resolution,
Public Hearing Notice
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 2019 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
code as the process in which any and all services and goods are procured by the CRA. The
Historic Citizens Bank Building was purchased by the CRA in 2017. The property is located at the
corner of North Miami Avenue and 13th Street located within the Redevelopment District. The
location is a prime location and presents numerous opportunities for growth,
development, restoration, and rehabilitation consistent with the CRA's Redevelopment Plan. The
CRA has been awarded a Special Category Grant from the Florida Department of State in the
amount of $500,000 for the restoration of the Citizens Bank. The 2019 Redevelopment Plan of
the CRA highlights this property and the goal of the CRA in its historic preservation in Page 4-45.
The CRA became aware through the architect that the facade and interior structure of the Citizens
Bank Building is deteriorating rapidly due to water intrusion and spalling. Since the building is both
historically designated and is fronting on a public sidewalk, the architect recommended that the
CRA immediately support and brace the Citizens Bank Building in order to preserve the historical
facade while protecting the public from any danger of collapse as outlined in the attached
documents.
OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI1401 N. Miami Ave 2nd Floor 1 Miami, FL 33136
(305) 679 6868 1 http://www.omnicra.com/
Packet Pg. 22
2.3.b
It is a matter of public health and safety that the Building is properly secured. The emergency
nature of the rapid mobilization are necessitated by the health and safety of the public as well as
the preservation of the historic facade of the building.
The Executive Director found that it was not practicable or advantageous to undergo the formal
bidding for a licensed general contractor because the time duration involved in formal bidding
would mean the Bank Building would present serious structural issues that pose a safety hazard
to the general public and significant further deterioration.
The Executive Director approved an emergency bid waiver to procure the services of Mass
Construction Corporation ("Mass"), a licensed general contractor meeting all insurance
requirements, which was familiar with the design of the Bank, to complete the services as
recommended by the architect.
RECOMMENDATION:
In light of the above -mentioned background information, it is recommended that, in accordance
with the CRA's identified objectives in the CRA's plan to reduce slum and blight and to preserve
historic buildings, and in consideration of the CRA's Plan and current efforts to rehabilitate and
activate this location, a bid waiver should be authorized for the Executive Director to negotiate
and retroactively execute and ratify any and all agreements necessary for the purposes stated
herein.
OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI1401 N. Miami Ave 2'd Floor 1 Miami, FL 33136
(305) 679 6868 1 http://www.omnicra.com/
Packet Pg. 23
2.3.c
ifik•
Omni
C R A
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 Monday, September 13th, 2021, at 9:30 a.m. or anytime thereafter in the
City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133.
The Board will consider the award funds to MASS CONSTRUCTION CORP., a legal entity authorized to transact
business/render services in the State of Florida, to underwrite a portion of the costs associated with the
renovation and rehabilitation of the historic property.
In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will
consider the funding, in an amount not to exceed $5,800,000.00 to underwrite the expenditures and costs
associated with the shoring of The Citizens Bank Building located at 1367 North Miami Avenue, Miami, Florida
as an Emergency Procurement. his funding is critical in the development of the Project, as it is a matter of public
health and safety that the Bank Building is properly secured.
All comments and questions with respect to the meeting and remote public participation should be addressed to
Jason Walker, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136 (305) 679-6868.
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).
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
two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two
(2) business days prior to the proceeding.
Ad No.36444 Todd B. Hannon
Clerk of the Board
Attachment: 10649 Notice to the Public (10649 : 4/5ths Emergency Procurement — Citizens Bank Building)
Packet Pg. 24
2.3.d
Sec. 18-90. Emergency procurements.
In case of emergency, it is not advantageous or practicable for the city to use competitive bidding methods.
Therefore, the city may purchase directly those goods or services whose immediate procurement is essential to
the life, health, welfare, safety or convenience of the city. Such emergency procurements shall nevertheless be
made with such competition as may be practicable under the circumstances.
(1)
In seeking a waiver of competitive bidding methods for emergency procurements that do not exceed
$25,000.00, the head of the using department or office shall submit to the chief procurement officer in
writing a full explanation of the circumstances of the emergency and the reasons for selection of a
particular firm, along with a list of others which may have been solicited, with an approved requisition
by the director of the requesting department.
(2) In seeking the waiver of competitive sealed bidding methods for emergency procurements exceeding
$25,000.00, the head of the using department or office shall submit to the chief procurement officer
and the city manager in writing a full explanation of the circumstances of the emergency and the
reasons for selection of a particular firm, along with a list of others which may have been solicited, and
certification of fund availability from the director of the department of management and budget. The
city manager may then waive competitive sealed bidding requirements after making a written finding,
supported by reasons, that an emergency exists. Such finding must be ratified by an affirmative four -
fifths vote of the city commission or an unanimous vote of the quorum that exists because of either
abstentions or vacancies resulting from resignation, death, suspension, or physical incapacitation at the
next available city commission meeting.
Notwithstanding anything to the contrary contained in this Code, the city manager may direct the chief
procurement officer to purchase directly those goods and/or services required by the urban search and
rescue task force when activated to perform its obligations under the existing provisions of the
memorandum of understanding with the state and/or the Federal Emergency Management Agency
(FEMA). Such emergency procurements shall nevertheless be made with such competition as may be
practicable under the circumstances. If necessary, the city manager may waive competitive sealed
bidding methods for such emergency procurements, after making a written finding, supported by
documentation that the urban search and rescue task force has been officially activated. Such finding
and waiver must be ratified by an affirmative four -fifths vote of the city commission or an unanimous
vote of the quorum that exists because of either abstentions or vacancies resulting from resignation,
death, suspension, or physical incapacitation at the next regularly available city commission meeting
for contracts exceeding $25,000.00.
(3)
All emergency awards shall be filed and maintained by the purchasing department as a permanent and
public record of the purchase.
(Ord. No. 12271, § 2, 8-22-02; Ord. No. 13170, § 2, 5-13-10)
(Supp. No. 9, Update 1)
Created: 2021-03-29 16:17:53 [EST]
Attachment: 10649 City of Miami Emergency Code Sec. 18-90 (10649 : 4/5ths Emergency Procurement — Citizens Bank Building)
Page 1 of 1
Packet Pg. 25
2.3.e
MASS
1200 Brickell Avenue Suite 800 Miami, FL 33131
MA
00
BUDGET
August 5, 2021
CITIZENS BANK - PHASE I
1361 N MIAMI AVE
MIAMI, FL 33136
BLDG: 12,000 SF
SITE: 0.00 ACRES
CAPTAIN: ZM
PHASE WORK PACKAGE
LABOR MAT'L SUB TOTAL $ / SF %
01-300 PROJECTSTAFF 74,300 - - 74,300 $ 6.19 2.52%,
01-400 GENERAL REQUIREMENTS 7,714 25,136 2,000 34,850 $ 2.90 1.18%
02-10- 0 DEMOLITION - - 276,600 276,600 $ 23.05 9.38%
02-200 SITE PREPARATION
360,884 360,884 $ 30.07 12.23%
02-300 EARTHWORK 10,500 10,500 $ 0.88 0.36%
02-500 UNDERGROUND UTILITIES 84,629 84,629 $ 7.05 2.87%-
02-700 PAVING, CURBS & WALKS 74,200 74,200 $ 6.18 2.52%
03-100 CONCRETE SHELL - 955,488 955,488 $ 79.62 32.39%
05-12- 0 STRUCTURALSTEEL 389,000 $ 32.42 13.19%
05-500 MISCELLANEOUS METALS - - - - $ - 0.00%,
06-100 ROUGH CARPENTRY - - 18,000 18,000 $ 1.50 0.61%
06-200 FINISH CARPENTRY - - - - - 0.00%
07-100 CAULKING & WATERPROOFING - - - - $ - 0.00%
07-500 ROOFING - - 235,000 235,000 $ 19.58 7.97%
08-101 DOORS, FRAMES & HARDWARE - $ - 0.00%
08-300 SPECIALTY DOORS - $ - 0.00%
08-80- 0 ALUMINUM, GLASS &
09-220 STUCCO - $ - 0.00%
09-250 DRYWALL - $ - 0.00%
09-300 FLOORING - - - - $ - 0.00%
09-310 EPDXY FLOORING - - - - $ - 0.00%
09-510 CEILINGS - - - - $ - 0.00%
09-900 PAINTING - - - - $ - 0.00%
10-001 BUILDING SPECIALTIES - - - - - 0.00%
10-536 OPERABLE PARTITIONS - - 0.00%
10-800 TOILET PARTITIONS & ACCESSORIES
- $ - 0.00%
11-001 EQUIPMENT - $ - 0.00%
12-001 FURNISHINGS - $ - 0.00%
13-001 SPECIAL CONSTRUCTION - $ - 0.00%
14-200 ELEVATORS/ESCALATORS
- $ - 0.00%
15-300 Fl RE PROTECTION - - - $ - 0.00%
15-400 PLUMBING - 9,000 9,000 $ 0.75 0.31%
15-700 HVAC
- $ - 0.00%
16-001 ELECTRICAL - 6,038 6,038 $ 0.50 0.20%
18-116 PERMIT ALLOWANCE - 10,000 10,000 $ 0.83 0.34%
SUB TOTALS #1 82,014 25,136 2,431,339 $ 2,538,489 $211.54 86.06%
19-100
19-200
OVERHEAD
PROFIT
7.00%
5.00%
177,694 $ 14.81
126,924 $ 10.58
6.02%
4.30%
SUB TOTALS #2 $ 2,843,108 $236.93 96.39%
18-250 OWNER CONTINGENCY
18-251 MCC CONTINGENCY
18-253 CONCURRENCY & IMPACT FEES
18-300 PERMITTING & C.O. FEE ALLOWANCE
18-302 THRESHOLD & SPECIAL INSPECTIONS
18-303 MCC PERFORMANCE & PAYMENT BOND
18-305 BUILDERS RISK PREMIUMS & DEDUCTIBLES
18-306 GENERAL LIABILITY INSURANCE
0.00%
0.00%
2.50%
1.25%
BY OWNER
BY OWNER
BY OWNER
71,078
BY OWNER
35,539
$ 2.96
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.20%
TOTAL ESTIMATED CONSTRUCTION COST $ 2,949,724 $245.81 100.00%
Attachment: 10649 Citizens Phase I Budget (10649 : 4/5ths Emergency Procurement — Citizens Bank Building)
NOTES: Permit fees to be paid by owner
Packet Pg. 26
2.3.f
MASS
1200 BrickeII Avenue Suite 800 Miami, FL 33131
00
CONCEPTUAL ESTIMATE
August 5, 2021
CITIZENS BANK - PHASE II
1361 N MIAMI AVE
MIAMI, FL 33136
BLDG: 12,000 SF
SITE: 0.00 ACRES
CAPTAIN: ZM
PHASE
WORK PACKAGE
LABOR MAT'L
SUB TOTAL $ / SF %
01-300 PROJECTSTAFF 50,220 - - 50,220 $ 4.19 1.77%
01-400 GENERAL REQUIREMENTS 5,143 22,157 2,000 29,300 2.44 1.03%
02-100 DEMOLITION
- $ -
0.00%
02-200 SITE PREPARATION
0.00%
02-300 EARTHWORK
0.00%
02-500 UNDERGROUND UTILITIES
0.00%
02-700 PAVING, CURBS & WALKS
41,700
41,700 $ 3.48 1.47%
02-790 SITE AMENITIES
- $ -
0.00%
02-900 LANDSCAPING & IRRIGATION 13,000 13,000 $ 1.08 0.46%
-03-100 CONCRETE SHELL $ 0.00%
� 03 400 PRECAST CONCRETE $ 0.00%
$
�05120 STRUCTURAL STEEL -
$
05-500 MISCELLANEOUS METALS - - 342,500 342,500 $ 28.54 12.09%
mm06-100 ROUGH CARPENTRY 4,500 4,500 $ 0.38 0.16%
�06 200 FINISH CARPENTRY 67 000 67,000 5.58 2.37%
07-100 CAULKING & WATERPROOFING - - 25,000 25,000 $ 2.08 0.88%
mm07-500 ROOFING 27,000 27,000 $ 2.25 0.95%
-08-101 DOORS, FRAMES & HARDWARE - 48 420 48,420 $ 4.04 1.71%
08-300 SPECIALTY DOORS
0.00%
08-800 ALUMINUM, GLASS& GLAZING - - 419,227 419,227 $ 34.94 14.80%
�09-220 STUCCO _ 553 827 553 827 - 46.15 19.55%
09-250 DRYWALL
85,000
85,000 $ 7.08 3.00%
09-300 FLOORING
�09-310 EPDXYFLOORING
mm09-900 PAINTING ��������� -
45,000 45,000
$ 3.75 1.59%
$ 0.00%
$ - 0.00%
70,000 70,000 $ 5.83 2.47%
10-001 BUILDING SPECIALTIES _10-536 OPERABLE PARTITIONS -
3,000 3,000 $ 0.25 0.11%
70,000 70,000 $ 5.83 2.47%
10-800 TOILET PARTITIONS & ACCESSORIES
- $ -
0.00%
11-001 EQUIPMENT
0.00%
12-001 FURNISHINGS
0.00%
13-001 SPECIAL CONSTRUCTION
- $ -
0.00%
14-200 ELEVATORS/ESCALATORS - - 149,000 149,000 $ 12.42 5.26%
15-300 FIRE PROTECTION 13,300 13,300 $ 1.11 0.47%
99,750 99,750 $ 8.31 3.52%
15-400 PLUMBING
15-700 HVAC - - 165,737 165,737 $ 13.81 5.85%
- 16-001 ELECTRICAL - - 105,000 105,000 $ 8.75 3.71%
- 18-116 LOW VOLTAGE 10,000 10,000 0.83 0.35%
SUB TOTALS #1
55,363 22,157 2,359,961 $ 2,437,481 $203.12 86.06%
19-100
19-200
OVERHEAD
PROFIT
7.00%
5.00%
170,624 $ 14.22
121,874 $ 10.16
6.02%
4.30%
SUB TOTALS #2
$ 2,729,979 $227.50 96.39%
18-250 OWNER CONTINGENCY
18-251 MCC CONTINGENCY
18-253 CONCURRENCY& IMPACT FEES
18-300 PERMITTING & C.O. FEE ALLOWANCE
18-302 THRESHOLD & SPECIAL INSPECTIONS
18-303 MCC PERFORMANCE & PAYMENT BOND
18-305 BUILDERS RISK PREMIUMS & DEDUCTIBLES
18-306 GENERAL LIABILITY INSURANCE
0.00%
0.00%
2.50%
1.25%
BY OWNER
BY OWNER
BY OWNER
68,249
BY OWNER
34,125
$ 2.84
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.20%
TOTAL ESTIMATED CONSTRUCTION COST $ 2,832,353 $236.03 100.00%
Attachment: 10649 Citizens Phase II Budget (10649 : 4/5ths Emergency Procurement — Citizens Bank Building)
NOTES: Permit fees to be paid by owner
Packet Pg. 27
OMNI Board of Commissioners Meeting
September 13, 2021
2.4
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
Date: September 3, 2021 File: 8994
Subject: 4/5ths Emergency Procurement -
�--��_ 1440 NW 1st Avenue, Miami, Florida
From: Jason Walker
Executive Director
Enclosures: 8994 Signed Emergency Memo
8994 Notice to the Public
8994 1440 NW 1st
Ave_Reimbursement Log
8994 City of Miami Emergency
Code Sec. 18-90
8994 Property Damage Photos
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 2019 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 code as the process in which all
services and goods are procured by the CRA. Section 18-90 of the City of Miami's Code
outlines the procedures for an emergency procurement.
During the month of December, 2020, the CRA was made aware that there was
damage caused by a fallen tree to a neighboring residential property adjacent to one of
the CRA's owned property. The family in residence needs relocation assistance in the
interim and repair to the entire dwelling structure. We are currently working with all
parties at the City and our insurance company to find the most appropriate solution for
the family. This item is a request for the use of funds to provide temporary assistance to
the family while we structure a plan of action for the residential dwelling unit.
RECOMMENDATION:
In light of the above -mentioned background information, it is respectfully recommended
that the Board of Directors of the CRA adopt the attached resolution by a four -fifths
(4/5ths) affirmative vote, ratifying, confirming and approving the Executive Directors
finding that an emergency exists and authorize funding in the amount of $39,784.34 for
the temporary relocation costs for the family affected.
FUNDING:
$39,784.34 allocated from Omni Tax Increment Fund 2020-2021 Budget Line Item 24.
Packet Pg. 28
Of i
-we ilk
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 8994 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, RATIFYING, CONFIRMING,
AND APPROVING THE OMNI CRA WRITTEN FINDING OF AN EMERGENCY,
ATTACHED AND INCORPORATED, PURSUANT TO SECTION (18-90) OF THE
CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"),
RATIFYING AND APPROVING THE EXPENDITURES FOR RELOCATION
EXPENSES FOR THE RESIDENTS OF 1440 NW 1ST AVENUE, MIAMI, FLORIDA
33136 AS AN EMERGENCY PROCUREMENT.
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 2019 Omni CRA Redevelopment Plan ("Plan");
and
WHEREAS, Section 4.4, C., D-1, 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 Plan, respectively 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, the single family dwelling unit located at 1440 NW 1st Ave, Miami, Florida,
was damaged during a storm by a fallen tree from neighboring CRA Property; and
WHEREAS, Florida Statute Section 163.370 specifically authorizes CRA's to allocate
funds to help in the displacement of residents; and
WHEREAS, the Executive Director is requesting authority from the Board of
Commissioners pursuant to Section 18-90 of the Code of the City of Miami, Florida, as
amended ("City Code") to approve emergency expenditures by a 4/5ths affirmative vote as it
relates to the temporary relocation of the family and to disburse funds directly to residents or to
vendors who assist the resident in relocating and to further negotiate and execute any and all
documents necessary to aid in the emergency, in a form acceptable to the General Counsel;
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 of this Resolution are
adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. By a four -fifths (4/5ths), affirmative vote, pursuant to Section 18-90 of the City
Code, the Executive Director's emergency finding and expenditures, attached and incorporated,
is ratified, retroactively approved, and confirmed and is approved as an emergency
procurement.
City of Miami Page 2 of 3 File ID: 8994 (Revision: A) Printed On: 9/4/2021
2.4
Packet Pg. 29
2.4
Section 3. The Executive Director is authorized to allocate funds and disburse funds at
his discretion, directly to residents or vendors or entities that may assist the residents to of the
property located at 1440 NW 1st Avenue, Miami Florida.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL
City of Miami Page 3 of 3 File ID: 8994 (Revision: A) Printed On: 9/4/2021
Packet Pg. 30
2.4.a
Jason Walker
Executive Director
Anthony Balzebre
Assistant Director
Isiaa Jones Esq.,
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Date. January 19, 2021
Subjec Emergency Expenditures and Relocation Assistance
References:
Enclosures:
The Omni Redevelopment District Community Redevelopment Agency ("CRA") respectfully requests your approval of
the following emergency purchase(s) and expenditures. The expenditures, goods and/or services required herein are as a
result of one or both of the following circumstance(s):
1) A public emergency (threats to health, life, welfare or safety); and
2) Relocation expenses as authorized by FS 163.370.
The expenditures as a result of this emergency are in direct compliance with Chapter 163. 370 of Florida Statutes and
the emergency procurement procedures as define in Section 18-90 of the City Code, authorization to waive the
competitive bid process, albeit it is a retroactive authorization, is also requested for the aforementioned emergency
purchase if greater than $25,000.
This purchase is necessary for the following reason:
During the month of December 2020 the CRA was made aware that a tree on its property had fell on the neighboring
property causing significant damage to a single family dwelling unit. As a result of this damage, the unit is no longer
habitable and the family has been displaced. Based on the nature of this emergency and COVID-19 emergency, it has
proven extremely difficult to get as many quotes from various vendors that may be able to assist. Reimbursements and
expenditures below relates to the relocation expenses for the family residing at 1440 NW 1st Avenue Miami, Florida that
has been displaced because of a falling tree from Omni CRA's property located at 1428 NW 1st Avenue, Miami, Florida.
As a result the CRA has offered assistance to the family including but not limited to the following:
1. Temporary relocation assistance
2. Rental assistance
3. Reimbursement of relocation expenses, food and personal items lost as a direct result of the damage
Page 1 of 2
Attachment: 8994 Signed Emergency Memo (8994 : 4/5ths Emergency Procurement — 1440 NW 1st Avenue, Miami, Florida)
Packet Pg. 31
2.4.a
Please see the attached list of expenditures to date. The list and costs have not yet been included as some of the costs have
not been fully outlined as of today's date. For example the cost to rebuild the structure, and additional relocation expenses.
Upon your approval, and pursuant to Section 18-90 of the City Code, the CRA will prepare an item for ratification of this
emergency for the next available Commission meeting.
EXECUTIVE
DIRECTOR:
ASSISTANT
DIRECTOR:
bony Balzebre
APPROVED ❑ DISAPPROVED
Date: /%21t
APPROVED ❑ DISAPPROVED
Date: /4 VI,/
Additional certification reauired for emergency purchases greater than $25.000:
EXECUTIVE
DIRECTOR, OMNI
CRA:
I certify the funds to cover this emergency purchase are available
Date:
Page 2 of 2
Attachment: 8994 Signed Emergency Memo (8994 : 4/5ths Emergency Procurement — 1440 NW 1st Avenue, Miami, Florida)
Packet Pg. 32
2.4.b
ifik•
Omni
C R A
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 Monday, September 13th, 2021, at 9:30 a.m. or anytime thereafter in the
City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133.
The Board will consider the Emergency Expenditures and Purchases, in compliance with Chapter 163. 370
of Florida Statutes, for the single-family dwelling unit located at 1440 NW 1st Ave, Miami, Florida, that was
damaged during a storm by a fallen tree from neighboring CRA Property.
In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will
consider the funding, in an amount not to exceed $39,784.34.00 to underwrite the expenditures and costs
associated with the temporary relocation of the family and to disburse funds directly to residents or to vendors
who assist the resident in relocating and to further negotiate and execute any and all documents necessary to
aid in the emergency.
All comments and questions with respect to the meeting and remote public participation should be addressed to
Jason Walker, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136 (305) 679-6868.
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).
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
two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two
(2) business days prior to the proceeding.
Ad No.36445 Todd B. Hannon
Clerk of the Board
Attachment: 8994 Notice to the Public (8994 : 4/5ths Emergency Procurement — 1440 NW 1st Avenue, Miami, Florida)
Packet Pg. 33
2.4.c
tr�
Omni
C R A
1440 NW 1st Ave. Miami, FL 33136
Reimbursement
Date
Info
Total
Meal Reimbursement
Furniture Replacement/ Moving cost
$ 1,000.00
$ 5,000.00
12/11/2020
12/27/2020
1/27/2021
Relocation cost
The Copper Door Bed & Breakfast
Extended Stay America
Extended Stay America
6,000.00
$ 1,400.14
$ 1,509.97
$ 2,874.23
$ 5,784.34
Demolition of Property
TBD
New Construction
TBD
RENT
2/1/2021
Deposit
$ 4,000.00
2/1/2021
Feb 2021 Rent
$ 2,000.00
3/1/2021
Mar 2021 Rent
$ 2,000.00
4/1/2021
Apr 2021 Rent
$ 2,000.00
5/1/2021
May 2021 Rent
$ 2,000.00
6/1/2021
Jun 2021 Rent
$ 2,000.00
7/1/2021
Jul 2021 Rent
$ 2,000.00
8/1/2021
Aug 2021 Rent
$ 2,000.00
9/1/2021
Sep 2021 Rent
$ 2,000.00
10/1/2021
Oct 2021 Rent
$ 2,000.00
11/1/2021
Nov 2021 Rent
$ 2,000.00
12/1/2021
Dec 2021 Rent
$ 2,000.00
1/1/2022
Jan 2022 Rent
$ 2,000.00
$ 28,000.00
Jason Jal
Executive Director
Omni Community Redevelopment Agency Ken Russell, Chairman - Jason Walker, Executive Director
1401 N. Miami Ave Miami, FL 33136 • www.omnicra.com • 305.679.6868. 305.679.6870
PAI D
PAI D
PAID
PAID
PAI D
PAI D
PAID
Packet Pg. 34
2.4.d
Sec. 18-90. Emergency procurements.
In case of emergency, it is not advantageous or practicable for the city to use competitive bidding methods.
Therefore, the city may purchase directly those goods or services whose immediate procurement is essential to
the life, health, welfare, safety or convenience of the city. Such emergency procurements shall nevertheless be
made with such competition as may be practicable under the circumstances.
(1)
In seeking a waiver of competitive bidding methods for emergency procurements that do not exceed
$25,000.00, the head of the using department or office shall submit to the chief procurement officer in
writing a full explanation of the circumstances of the emergency and the reasons for selection of a
particular firm, along with a list of others which may have been solicited, with an approved requisition
by the director of the requesting department.
(2) In seeking the waiver of competitive sealed bidding methods for emergency procurements exceeding
$25,000.00, the head of the using department or office shall submit to the chief procurement officer
and the city manager in writing a full explanation of the circumstances of the emergency and the
reasons for selection of a particular firm, along with a list of others which may have been solicited, and
certification of fund availability from the director of the department of management and budget. The
city manager may then waive competitive sealed bidding requirements after making a written finding,
supported by reasons, that an emergency exists. Such finding must be ratified by an affirmative four -
fifths vote of the city commission or an unanimous vote of the quorum that exists because of either
abstentions or vacancies resulting from resignation, death, suspension, or physical incapacitation at the
next available city commission meeting.
Notwithstanding anything to the contrary contained in this Code, the city manager may direct the chief
procurement officer to purchase directly those goods and/or services required by the urban search and
rescue task force when activated to perform its obligations under the existing provisions of the
memorandum of understanding with the state and/or the Federal Emergency Management Agency
(FEMA). Such emergency procurements shall nevertheless be made with such competition as may be
practicable under the circumstances. If necessary, the city manager may waive competitive sealed
bidding methods for such emergency procurements, after making a written finding, supported by
documentation that the urban search and rescue task force has been officially activated. Such finding
and waiver must be ratified by an affirmative four -fifths vote of the city commission or an unanimous
vote of the quorum that exists because of either abstentions or vacancies resulting from resignation,
death, suspension, or physical incapacitation at the next regularly available city commission meeting
for contracts exceeding $25,000.00.
(3)
All emergency awards shall be filed and maintained by the purchasing department as a permanent and
public record of the purchase.
(Ord. No. 12271, § 2, 8-22-02; Ord. No. 13170, § 2, 5-13-10)
(Supp. No. 9, Update 1)
Created: 2021-03-29 16:17:53 [EST]
Page 1 of 1
Packet Pg. 35
1440 NW 1st Ct. - Emergency Procurement Photos
2.4.e
1440 NW 1st Ct. - Emergency Procurement Photos
2.4. e
1440 NW 1st Ct. - Emergency Procurement Photos
2.4. e
OMNI Board of Commissioners Meeting
September 13, 2021
2.5
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
From: Jason Walker
Executive Director
Date: September 3, 2021 File: 10631
Subject: 14th Street LLC Grant Agreement
Enclosures: 10631 NR 14th Street Proposal
10631 Notice to the Public
10631 Bid Waiver Memo
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 2019 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.
14th Street Developments LLC, a subsidiary of NR Investments, Inc., ("NR Investments"),
submitted a grant proposal request to the CRA requesting the amount of $15,000,000.00 to
underwrite a portion of the costs to develop a mixed -use project within the Omni CRA. NR
Investments, a for profit entity, possesses a unique approach to this mixed -use development
project consisting of ground floor retail and approximately 398 units of income -restricted
housing. The principals of NR Investments have a history of successful development housing
units in Miami -Dade County.
This is a new way in which local government entities can collaborate and have a truly successful
project that meets the needs of the community.
JUSTIFICATION:
Chapter 4 of the 2019 Amendment to the Omni CRA Redevelopment Plan reaffirms the
importance of the development of affordable housing to the economic vitality of the CRA. With
regard to projects assisted by the CRA (from which it accepts projects it seeks to support to
provide workforce, low, or very -low income housing), it identifies among its community benefits
priorities the "inclusion of an appropriate amount of below -market rate units," specifically
workforce housing units (at less than 140% AMI) and units for low-income residents (less than
80% AMI). This project is consistent with Florida Statute 163, and also the goals and objectives
Packet Pg. 39
2.5
of the 2019 Omni CRA Redevelopment Plan. The rates will remain in place until the anticipated
extension of life of the Omni CRA to 2047.
On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing
affordability is one of the key programs for the CRA to undertake. A thriving community is one
where residents in all phases of life with varying types of employment can live in one area. To
that end, the CRA outlined the following programmatic methods it can employ to increase the
supply of affordable housing:
To Assist For -Profit Housing Providers in the CRA could:
2) Pay some portion of development costs such as impact or permit fees
3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the
increases in taxes paid over a defined period of time after completion if affordable
units are provided
In addition to the above programmatic methods to expand the supply of affordable housing, the
CRA has identified
the following goal on page 5-56 of the Redevelopment Plan:
6) Housing Affordability - The CRA should fund established and creative new ways to
increase the stock of workforce and lower income affordable housing within the
district.
GOALS:
a) Create project -specific developer incentives to ensure that new or significantly
redeveloped residential projects in the CRA contain a sufficient number of
units that are affordable to the target populations.
The 14th Street Development LLC proposal submitted will develop the group of properties with
the following addresses at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and
1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida within the Omni CRA and now
requests grant and TIF funding to underwrite a portion of the costs.
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Omni Redevelopment District
Community Redevelopment Agency ("Omni CRA") approve and adopt the attached Resolution,
authorizing the execution of a Grant agreement for an amount not to exceed $15,000,000.00
with 14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") for the
development of this mixed -use development project consisting of ground floor retail and
approximately 398 units of income -restricted housing.
FUNDING:
Subject to the availability of funds and subject to the Omni CRA being able to successfully
secure funding for the project.
City of Miami Page 2 of 4 File ID: 10631 (Revision:) Printed On: 9/4/2021
Packet Pg. 40
2.5
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 10631 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 THAT COMPETITIVE
NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR
ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA;
WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT
BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE
EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH
SUPPORTING DOCUMENTS ALLOCATING GRANT FUNDS OF $15,000,000.00 FOR
A MIXED -USE DEVELOPMENT PROJECT OF PROPERTIES LOCATED 1441, 1445,
AND 1455 N. MIAMI AVENUE, 25 AND 31 N.E. 14TH STREET, AND 1412, 1418,
1428, AND 1432 N.E. MIAMI COURT, MIAMI, FLORIDA WITHIN THE
REDEVELOPMENT AREA, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL,
SUBJECT TO THE CRA BEING ABLE TO SUCCESSFULLY SECURE FINANCING
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 boundaries; and
WHEREAS, on September 13, 2016, the CRA approved and adopted Resolution No.
CRA-R-16-0042, adopting the City of Miami's procurement code as the process in which any
and all services and goods are procured by the CRA; and
WHEREAS, 14th Street Development LLC, a subsidiary of NR Investments, Inc., a for
profit entity ("Grantee"), submitted a request for grant funding to develop a mixed -use project
consisting of ground floor retail, office space, and approximately 398 income -restricted housing
units within the CRA's boundaries; and
WHEREAS, page 4-23 of the 2019 Amendment to the CRA's Redevelopment Plan
("Plan") reaffirms the importance of the development of affordable housing to the economic
vitality of the CRA and identifies among its community benefits priority for the "inclusion of an
appropriate amount of below -market rate units," specifically workforce housing units (at less
than 140% AMI) and units for low-income residents (less than 80% AMI); and
WHEREAS, page 4-33 of the Plan states "To assist for -profit housing providers in the
CRA could:... 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of
the increases in taxes paid over a defined period of time after completion if affordable units are
provided.... [and] 5) Grant funds to assist in rehabilitation of an existing housing project":; and
WHEREAS, the Grantee's proposal is to complete a mixed -use development of
properties at 1441, 1445, and 1455 N. Miami Avenue, 25 and 31 N.E. 14th Street, and 1412,
City of Miami Page 3 of 4 File ID: 10631 (Revision:) Printed On: 9/4/2021
Packet Pg. 41
1418, 1428, and 1432 N.E. Miami Court, Miami, Florida within the CRA's boundaries ("Project"),
and
2.5
WHEREAS, the Grantee now requests grant funding for the development of the Project
in the amount of $15,000,000.00; and
WHEREAS, the success of the Project will result in accomplishing the stated objectives
of the Redevelopment Plan; and
WHEREAS, based on the recommendation and findings of the Executive Director, it is in
the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of
competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the
City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, to authorize the
Executive Director to negotiate and execute any and all agreements, all in forms acceptable to
the General Counsel, with the Grantee for the provision of grant funds for the Project in the
amount of $15,000,000.00;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of the Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing,
the Executive Director's recommendation and written findings 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. The Executive Director is authorized to negotiate and execute any and all
documents necessary, all in forms acceptable to the General Counsel, with the Grantee to
provide a portion of the costs associated with the Project in the amount of $15,000,000.00 in the
form of a forgivable loan, subject to a covenant being recorded on the property restricting the
rents until 2047, the CRA being able to secure financing, and the availability of funds.
Section 4. Funding for this project is subject to the CRA being able to successfully
secure financing to underwrite the costs as requested.
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: 10631 (Revision:) Printed On: 9/4/2021
Packet Pg. 42
2.5.a
c„
M R
RATIONALE FOR CRA SUPPORT
14th Street Apartments Project
Housing Affordability
Miami's Downtown and Greater Downtown skylines are pictures of construction, as new condos and
apartments are built throughout our burgeoning City. But the expansion experienced in the last and current real
estate cycles is misleading as the City faces one of the nation's most severe crisis of housing unaffordability
stemming from the dual problem of high housing costs and comparably low wages.
Today, Greater Miami's housing stock suffers from a significant supply mismatch. The local market has
a glut of expensive housing and not nearly enough affordable housing. While we have seen the construction of
expensive condos to the point of over -supply, not nearly enough affordable and workforce housing has been
built to meet market's demand. While thousands of new housing units have been developed within the City,
including thousands within the CRA alone, most of the units built are market -rate or high -end luxury units.
The COVID-19 pandemic as well as the expected economic recovery that will follow successful
vaccination campaigns, combined with current trends towards increased remote work, threatens to exacerbate the
City's housing unaffordability issues, as growing numbers of high -income workers and wealthy out-of-state
residents relocate to Miami in search of its unique urban amenities and "destination city" status. The prospect of
companies moving to Miami or opening offices in the City, in an effort to lure skilled workers and/or take
advantage of state and local tax and regulatory advantages, while a very welcoming development, could certainly
compound existing problems around scarcity and unaffordability in housing.
Today, the Miami -Fort Lauderdale metro is already one of the least affordable large metro areas in
the country, measured in terms of median -wage work hours needed to pay average monthly rent: at 87.1
hours, it ranks higher than San Francisco -Oakland (73.4 hours), Austin -Round Rock (70.4), New York -
Newark (69.4 hours) and Boston -Cambridge (67.0 hours), among others. The combination of relatively high
average rents with relatively low median wages is, in a nutshell, the central dynamic of the City's unaffordability
crisis.
According to the Affordable Housing Blueprint: Needs Assessment crafted by the Jorge M. Perez
Metropolitan Center at Florida International University (FIU), "the most serious problem in Miami -Dade County is
the estimated 251,732 renter households who are cost -burdened and the 140,062 renter households who are
`severely' cost -burdened. The significant growth of severely cost -burdened renters is the most pressing
problem due to three market conditions: 1) the increasing demand for renter housing throughout the County
resulting in low vacancy rates and spiraling increases in rent prices, 2) the lack of affordable rental housing
production, and 3) rent prices are increasing much faster than wages."
Furthermore, "[...] the vast preponderance of County workers earn wages in service sector occupations,
including retail trade, leisure and hospitality, and educational and health services. The household incomes of these
service sector workers limit housing choices to affordable rental housing opportunities, where available." The
problem is compounded, moreover, by the fact that, historically, the City's economy "[...] has shown it can shed
higher wage jobs very quickly but has shown resistance to adding new high -skill, higher -paying jobs."
Currently, already six in 10 employed adult residents of Greater Miami are housing cost -burdened,
meaning they spend more than 30 percent of their incomes on housing — the highest rate of any large metropolitan
area in the nation. Racial and ethnic minorities, as well as our community's low-income service workers, shoulder a
disproportionate share of the burden of today's housing crisis. The following facts provide chilling insight into the
scope and impact of the current crisis:
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• About 49% of Miami -Dade County's households are renters. Between 2012 and 2017, the County has
seen its proportion of renter households grow by 11.4%, or nearly 2% annually. Miami, in particular,
has become a city of renters: the City's homeownership rate, at 30%, is the lowest among large cities in the
U.S.
• Miami's renter population is disproportionately African American and Hispanic with 55% of black
households and 48% of Hispanic households renting, compared with just over 25% of white households.
• Greater Miami's median rents are increasingly unaffordable. As of October 2018, the median rent for
Greater Miami was $2,095 — the eighth highest in the nation behind communities like Denver, Portland,
Dallas and Austin. Said median rent requires an annual household income of not less than $83,800 for such
rent to be "affordable" or for the household not to be "cost -burdened."
• Miami's low-income service class — workers in low -skill jobs like retail, hospitality, food service and
home care which make-up more than 50 percent of the region's workforce — is severely cost -burdened.
Miami's service class faces the greatest rental cost burdens among all classes with just under $11,000 in
annual income left -over after paying rent — the 5th worst rate among large metropolitan areas in the nation.
• At the same time, an estimated 45% of the jobs created in the City from now through 2024 will be in
occupations with a median annual income less than $35,000 per year: meanwhile, more than 9 out of 10
(90.9%) of renters in Greater Miami earning less $35,000 annually are cost -burdened.
• Miami, in particular, has the highest proportion of cost -burdened renters in the nation by a significant
margin. More than half of renters (62.4%) spend 35 percent or more of their household income on
rent. Moreover, 32% of all renter households are "severely" cost -burdened — paying an excess of 50
percent of their incomes on housing costs. Greater Miami's renters have the least amount of money left
over after paying for housing of any large metro: Miami's renters have, on average, less than $16,000 left
over after paying their rent, far less than the $30,000 or so in take-home income that renters in Washington,
D.C. and Boston have left over after paying for their housing.
Crucially, though, despite the bleak picture, Miami has a lot of gains to reap by increasing the stock
of affordable housing, gains that are broader than strictly dealing with housing scarcity and unaffordability.
As stated in FIU's Miami Affordable Housing Master Plan, "affordable housing has broad -based
economic growth impacts. As families keep more of their income, they drive greater local spending which in turn
stimulates high -wage job creation, increased tax revenue, and lower public costs for health, human services and
policing." Conversely, "keeping housing costs as a reasonable percentage of family income promotes higher
educational attainment and improves family health outcomes, as families have more money to spend on education
and health costs." It is clear that "improved affordability promotes inclusive economic growth".
"Housing affordability can be a potent tool for improving economic performance, driving employment
growth, productivity, wages, business development, and retaining and attracting high -skilled, educated
workers to the region."
"The cumulative economic impacts of greater, more widespread housing affordability would be a major
boost to developing a more diversified, higher income City economy."
"Affordable housing is [...J critical to Miami -Dade County's economic resilience [...J"
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CONSISTENCY WITH CRA REDEVELOPMENT PLAN
Chapter 4 of the CRA proposed amendment to the Redevelopment Plan (2019) reaffirms the importance of
the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the
CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it
identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate
units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than
80% AMI). Among the policy reasons articulated for such community benefits requirement are: (i) preservation of
the affordability of the neighborhood; (ii) prevention of existing resident displacement; and (iii) provide area
workers an opportunity to live near work.
On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of
the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with
varying types of employment can live in one area. To that end, the CRA outlined the following programmatic
methods it can employ to increase the supply of affordable housing:
To Assist For -Profit Housing Providers in the CRA could:
2) Pay some portion of development costs such as impact or permit fees
3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the
increases in taxes paid over a defined period of time after completion if affordable units
are provided.
In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified
the following goal on page 5-56 of the Redevelopment Plan:
6) Housing Affordability — The CRA should fund established and creative new ways to increase
the stock of workforce and lower income affordable housing within the district.
GOALS:
a) Create project -specific developer incentives to ensure that new or significantly
redeveloped residential projects in the CRA contain a sufficient number of units that are
affordable to the target populations.
The Project and accompanying request seek financial support from the CRA to underwrite the development of
residential units, specifically for low-income and workforce households, and asks the CRA to provide the Applicant
with a project -specific incentive.
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PROJECT DESCRIPTION
The Developer proposes to enter into a public -private partnership with the CRA to advance the CRA's
goal of developing much needed affordable and workforce housing units within the redevelopment area.
Applicant proposes to construct a 35-story tower on land it purchased over the course of the last four years
which will consist of a mixed -use project comprised of the following elements: (i) 398 multi -family residential
units; and (ii) approximately 9,000 sq. ft. of ground floor commercial use (the "Project").
Applicant proposes to assist the CRA in advancing its Redevelopment Plan goal by restricting rents for
ALL of the 398 residential units within the Project through the life of the CRA as outlined herein below. The rent
restrictions proposed will ensure that the Developer make residential units available to low-income households and
households who can afford "workforce" rents, more specifically teachers, police officers, firefighters, nurses, first
responders, and recent college graduates, among other professions.
The Project represents the Developer's latest investment in the Omni "Arts + Entertainment District" — a
dynamic urban residential neighborhood connecting the CRA & Downtown Miami with the Wynwood Arts District
and the Design District. With the surrounding expansion, the Arts + Entertainment District has seen growth in its
residential, culinary, entertainment and nightlife offerings, but substantial land remains undeveloped and a number
of buildings remain dilapidated within the district evidencing the continued "slum & blight conditions" within the
CRA. Applicant's CANVAS project, an art -inspired condominium offering a "bohemian luxe" lifestyle immersed
in the local art, culinary & cultural scene, has served to anchor the district's ascendant trajectory.
Beyond its project investments within the redevelopment area, NR Investments, Inc., has invested
approximately $2 million in efforts to beautify the Arts & Entertainment District, attract new businesses and retailers
to the area, and deliver high -quality arts, music and community programming, including "The Miami Flea," a pop-
up market, and a "Moonlight Grooves," a music series held on CANVAS's backyard, among others.
Given the Project's location just north of Downtown Miami, it is conveniently accessible via multiple
modes of transit, including: (i) the MetroMover via the "School Board Station" on N.E. 15th Street; (ii) the City's
free trolley system; and (iii) Virgin Trains' service at Grand Central Station. The inclusion of the proposed
affordable and workforce dwelling units in the Project will provide residents convenient access to employment
opportunities via mass transit servicing greater Downtown Miami area and portions of the South Florida region via
inter -city passenger rail service.
Illustrative Project rendering enclosed as Exhibit "A".
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REQUESTED PROJECT SUPPORT
14th Street Apartments Project
Applicant's request assumes the approval of an extension of the term of the CRA through 2047 and
obligations of the Applicant and CRA pursuant to an Incentive Agreement would be conditioned upon the passage
of such an extension. With the clarification, Applicant proposes the following development restrictions and makes
the following request of the CRA to assist the Project:
• Proposed Residential Restrictions: Applicant proposes to rent -restrict 398 residential dwelling units — 27
studio dwelling units, 300 one -bedroom dwelling units and 71 two -bedroom dwelling units — as set forth in
the "Project Information Sheet" attached hereto as Exhibit "B." Said rent -restrictions will be remain in
place from the date the Residential portion of the Project is placed in-service (as evidenced by the issuance
of a temporary certificate of occupancy or certificate of occupancy for a residential dwelling unit) through
the date of the CRA's expiration (2047). The Applicant will be permitted to adjust the maximum rent per
unit for each unit type consistent with the rate schedule adopted by the Corporation for "Multifamily Rental
Programs" for Miami -Dade County. The Developer will impose a Covenant setting forth the rent
restrictions and the minimum number of rent -restricted units by type. The Covenant shall grant the
enforcement rights to the CRA through the term of its existence.
• Requested Financial Support: Applicant requests partial loss reimbursement of $15.0 million, along
with a rebate of 95% of the TIF collected by the Omni CRA from the Project. Developer anticipates that
the rebated tax increment generated by the Project will amount to approximately $13.6 million in gross
receipts, or approximately $8.7 million in present value. The partial loss reimbursement and TIF receipts
will be used to offset the estimated $38.0 million in gross economic loss (in the 2047 scenario).
Moreover, the project foresees around $4_3 million in estimated permit fees, water & sewer connection
charges, and impact fees to be assessed at the initiation of the Project. See Exhibit "C" attached hereto.
Construction costs have increased significantly in the last year, reflecting higher costs of materials
and labor alike. The sharp post COVID-19 economic rebound, coupled with unprecedented public
sector relief and stimulus outlays, are expected to create supply-side and labor bottlenecks, which
threaten to exacerbate and prolong upward price pressures. The requested fmancial support will
significantly help to offset these factors.
ii The value of the requested financial support —partial loss reimbursement of $15.0 million and
TIF rebate in the amount of $8_7 million in present value— is still substantially lower than the
value of the losses generated by the rent and use restrictions detailed above: $38.0 million. This is
without including the project's approximately $4.3 million in estimated permit and impact fees.
The calculation of rent and use losses assumes that market rent prices will grow at a conservative
rate of 3.00% per year. That being said, the specific area where the project is located is
undergoing —and has, in fact, been experiencing for years— rapid growth and redevelopment, in
the larger context of a City which expects to continue expanding its population and urban core.
Therefore, it is not at all unreasonable to anticipate that market rates will increase at a much higher
pace, which would, in turn, cause an even greater loss in rents due to the restrictions in place. In
other words, the project's financial projections may very well be underestimating the losses
generated by the rent restrictions.
iv. The future resale/refinance value of the building, which is calculated on a cash flow basis, is also
substantially diminished by the rent restrictions, by as much as $46,314,638, based on a standard
market cap of 5.00%.
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In sum, applicant deems that the project's present value losses and increased construction costs easily
exceed the support sought, with even conservative estimates of market rents growth during the period.
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APPLICANT EXPERIENCE & QUALIFICATIONS
14th Street Development LLC, is a subsidiary of NR Investments, Inc. ("NR"), a privately held real estate
investment company. Each of the company's principals and senior executives has extensive experience in real estate
capital markets, acquisition, asset management, development, construction and risk management. NR believes in
fostering cultural movements and communities in undiscovered areas, and in making their buildings the beacons of
their renaissance. E
NR specializes in acquiring developing, repositioning, and managing real estate assets in major markets Q
throughout the world. The company has acquired more than 10 million square feet of office and residential space 4▪ ,
across the globe. Over the past 18 years, NR has purchased, developed, repositioned and sold over $700 million of
multifamily and commercial real estate assets.
U
Recent Development Experience
• Filling Station Lofts: In January 2013, NR stepped into Miami's Omni / Arts & Entertainment District
with the acquisition and subsequent completion of Filling Station Lofts, an 81-unit loft -style apartment
building. v
• CANVAS Condominiums: In November 2013, NRI closed on the 1.07-acre CANVAS condominium site.
NR constructed a 37-story, 513-unit residential condominium tower that received its fmal certificate of co
occupancy (C.O.) at the end of 2018, and was delivered in 2019.
is
Qualifications of Principals c
L
• Nir Shoshani — Principal. Prior to forming NR in 2001, Mr. Shoshani held the title of President at TiS a
r.
America, Inc., a subsidiary of Top Image Systems Ltd. (NASDAQ: TiSA), a publicly traded, high-tech i
firm headquartered in Israel with operations around the globe. Mr. Shoshani is a graduate of the Belgrano
School of Business in Buenos Aires. .c
• Ron Gottesmann — Principal. Prior to forming NR in 2001, Mr. Gottesmann worked as a mortgage broker
overseeing the operation of GFI Mortgage Bankers Inc. of New York. With Mr. Shoshani, Mr. Gottesmann Z
leads NR which today is a fully integrated development firm which owns and manages a wide variety of co
real estate, including large scale office buildings, commercial shopping centers, and multi -family housing.
Under Mr. Gottesmann's leadership, the firm has maintained a consistent focus on property repositioning
via the acquisition of underperforming buildings in high visibility locations rehabilitating them to their full
a)
potential through extensive renovation and management restructuring. E
• Terry Wellons — C.O.O. Mr. Wellons serves as the Chief Operating Officer at NR. He leads the United
States team directing a group of highly experienced attorneys, accountants and portfolio and property
managers. He has a background in finance and as a real estate attorney, serves as lender's counsel and
representing buyers and sellers of real estate, aids NR in each aspect of NR's business, effectively
negotiating and gauging the legal and financial risks involved with each transaction. Mr. Wellons holds a
degree in fmance from Florida International University and a law degree from Nova Southeastern
University,
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ExxrmIT "A"
PROJECT RENDERING
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Developer/Applicant:
Contact Person:
Telephone:
E-mail:
Project Address:
14th Street Apartments Project
EXHIBIT "B"
Omni CRA
Tax Increment Recapture Agreement
Project Information Sheet
14th Street Development LLC
Terry Wellons, C.O.O.
(305) 625-0949
terry@minvestments.com
nrinvestments.com
1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and
1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida
Property Information
Prior Year Taxable Values
Folio Numbers
Existing Building
Size
Lot Size
2019
2018
2017
01-3136-005-1110
0 sq. ft.
7,600 sq. ft.
$1,333,420
$1,212,200
$1,102,000
01-3136-005-1070
0 sq. ft.
11,400 sq. ft.
$1,875,630
$1,705,119
$1,550,109
01-3136-005-1060
929 sq. ft.
5,700 sq. ft.
$874,463
$794,967
$722,698
01-3136-005-1180
0 sq. ft.
3,355 sq. ft.
$551,489
$501,354
$486,475
01-3136-005-1151
_ 0 sq. ft.
5,000 sq. ft.
$821,892
$750,000
$679,250
01-3136-005-1150
0 sq. ft.
2,200 sq. ft.
$361,632
$328,757
$298,870
01-3136-005-1140
0 sq. ft.
4,200 sq. ft.
$690,389
$627,627
$570,570
01-3136-005-1130
0 sq. ft.
4,200 sq. ft.
$690,389
$627,627
$570,570
01-3136-005-1090
0 sq. ft.
6,300 sq. ft.
$1,035,584
$941,440
$855,855
Total:
929 sq. ft.
,
49,955 sq. ft.
$8,234,888
$7,489,091
$6,836,397
Type of Project:
Construction Commencement:
Project Construction Completion Date:
Project Construction Cost:
Estimated Adj. Taxable Value (TIF Basis):
Residential Square Footage:
Retail Square Footage:
Property Acquisition Date:
Total Acquisition Cost:
Projected Residential Rent (Per Unit Type):
Mixed Use (Retail, Multi -Family Residential)
June 1st, 2022
October 1st, 2024
$141,414,310
$65,088,738
297,625 sq. ft. +/-
8,706 sq. ft.+/-
May 2014 and February 2015
$7,842,000
Studio - $1,747 / 1BD - $2,224/ 2BD- $2,750
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Proposed Affordability Restrictions:
2047
Unit Type
Total
Units
Maximum Rent
Studio- 60% AMI
2
$960
Studio- 80% AMI
3
$1,280
Studio- 100% AMI
4
$1,600
Studio- 120% AMI
5
$1,920
Studio- 140% AMI
13
$2,240
1BD- 60% AMI
15
$1,029
1BD- 80% AMI
30
$1,372
1BD- 100% AMI
45
$1,715
1BD- 120% AMI
60
$2,058
1BD- 140% AMI
150
$2,469
2BD- 60% AMI
3
$1,234
2BD- 80% AMI
7
$1,646
2BD- 100% AMI
11
$2,058
2BD- 120% AMI
14
$2,469
2BD- 140% AMI
36
$2,880
Total:
398
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RESIDENTIAL ECONOMIC LOSS
ExAiBIT "C"
FINANCIAL ANALYSIS
4 5 7 10 11
Tax Years
2026 2027 2028 2029 2030 2031 2032 2033
Annual Rent loss: (51244,820) (51,282,165) (51320,630) (51,360,248) 161,401.056) (51.443388) ($1.486,380) (51,530,972)
V718804n lass (524,895,403) 1625,643,292) (526,412.5911 (627,204,968) (228.0211181 (528,861,251) 029,727,604) (530,619,432)
Total
12 13 14 15 16 17 18 19
Tax Years
2034 2035 2036 2037 2038 2039 2040 2041
Total
Annual Rent lass: ($1,576,901) ($1,624,208) (516T1934) )$1223,122) ($1TT4,816) ($1B26P60) ($1.882,902) (51939,389) ($14A22,331)
Valuation lass (531,538,015) 1632.484.155) 633,458,680) (634,462,440) (535,496,313) (536,561,203) (037,658,039) 1638,787,780)
20 21 22 23 24 25 26 27 28
Tax Years
2042 2043 2044 2645 20.2046 2047 202047 Total
Annual Rent loss: ($1,992,571) ($2,057,4981 ($2,119,223) 162,181199) ($2,249,283) ($2,315,732) 50 50 • ($12,921106)
Valuation tau (539,951,413) ($41,149,956) ($42,384,454) ($43,655,988) ($44,915,968) (546,314,638) 50 60
Weighted AMI Restriction of Bottom
50%0l Units 999096
Total Rent lass:
TIF TO DEVELOPER CALCULATION
CRA/Developer Retainage: 95%
Growth Rate: 1.03
Discount Rate 3%
Miami - Municipal Operating
Mlamhoade County • Operating
MIIIaee Rate Taxable Value(20201 Taxable Value(@ C.O.) Ad). Taxable Value Tax Retelub 1*241 CRATIF:95%) CIA Retained TIF(65%) Coeny Clawbad (35%)
7.4365 $8,700,000 573,788,238 $65,088,738 $484,032 $459,831 52911,890 5160,341
4.6669 68,700,000 $73,788,738 565,088,738 5303.763 $288,575 5187,573 $101,001
Total Receipts: $787,795 5748,405 $486,463 $261.342
Tax Years
2026 2027 2028 2029 2030 2031 2032 2033 Total
TIF to 150: 5486,463 $501,057 5516,099 6531,572 5547,519 $563,344 6580,863 5598,289 $4,325,796
TIF to 0e8483e0: $462,140 $476,004 $490,285 $504,993 $520,143 $535,747 $551,820 $568,374 54,103,502
TIF ia Developer(91/(: $410,606 $410,606 $410,606 5410,606 $410,606 5410,506 $410,606 $410,606 $3,284,845
Tax Years
503
2034 2035 6 T203T 2038 2039 2040 2041 Total
TIF to CIA: $585,425 $602,986 $621,078 $639,710 $658,902 $678,669 $699,029 6719,999 55,205,800
TIF to Devel0per. 6556,154 $572,839 $590,024 6607,723 $625,956 5644,735 $664,077 6683,999 $4,945,510
TIF to Developer (Mr 5390,075 $390,075 $390,075 $390,075 5390,025 $390,073 $390,075 $330,075 $3,120,603
Tax Years
2042 2043 2044 2045 2046 200 2046 2047 r 0 Total
TIF to CRA: $741,599 5763,847 $786,763 $810,366 $834,677 6859,717 $0 50 $0 54,756,969
TIF ta 0e69102931 .704,519 $725,655 5747,425 6769,847 $792,943 $816,731 $0 50 $0 $4,357,121
114to Developer(960(1 5390,075 5390,075 $390,075 $390,075 $390,075 $390,075 50 $0 $0 52,340,452
Total 71FIOCRA: $14,328,565
TIF to Developer: $13,612,137
TIF to Developer )PV): $8,745,900
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Omni
C R A
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 Monday, September 13th, 2021, at 9:00 a.m. or anytime thereafter in the
City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133.
The Board will consider the award of grant funds to 14th Street Development 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 income -restricted housing units in the Omni CRA.
In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will
consider the funding, in an amount not to exceed $15,000,000.00 to underwrite the expenditures and costs
associated with the development of a mixed use project consisting of income -restricted housing units located
within the Redevelopment Area of the Omni CRA at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th
Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida. This funding is critical in the development
of the Project, which is envisioned to reduce slum and blight and provide housing affordability in the area.
All comments and questions with respect to the meeting and remote public participation should be addressed to
Jason Walker, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136 (305) 679-6868.
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).
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
two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two
(2) business days prior to the proceeding.
Ad No.36443 Todd B. Hannon
Clerk of the Board
Attachment: 10631 Notice to the Public (10631 : 14th Street LLC Grant Agreement)
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Ken Russell
Board Chair
.40011
Omni
CRA
INTER -OFFICE MEMORANDUM
Jason Walker
Executive Director
TO: Board Chair Ken Russell and DATE: September 13, 2021
Members of the CRA Board
FROM: Jason Walker
Executive Director
SUBJECT: 4/5ths Bid Waiver to waive
competitive negotiation procedures per City
Code, authorizing the allocation of Grants
funds to 14th Street Development, LLC for a
mixed -used development project located
within the Omni
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 2019 CRA Redevelopment Plan ("Plan").
14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") submitted a
grant proposal request and a Tax Increment Rebate request to the CRA requesting the amount
of $15,000,000.00 in grant assistance and 95% of the available developmental Tax Increment
(TIF) collected by the Omni CRA to underwrite a portion of the costs to develop a mixed -use
project within the Omni CRA. NR Investments, a for -profit entity, possesses a unique approach
to this mixed -use development project that will consist of ground floor retail, ground floor
commercial space and approximately 398 units of income -restricted housing. The project is
estimated to cost approximately $141 Million. The developer will commence construction by June
1, 2022, and substantially complete by October 1, 2024.
This proposal anticipates the CRA will be extended through 2047 and as such rents will be
restricted until 2047. This proposal is dependent on the successful extension of life and
This project also presents a unique approach and opportunity for a local government entity to
collaborate on a below -market housing project. This is a way in which local government entities
are able to enhance Tax Increment Financing dollars and add equity to fill the gap in financing to
achieve housing affordability in the area.
OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI
1401 N. Miami Ave' 2"d Floor' Miami, FL 33136
Tel (305) 679 68681 http://www.miami-cra.org/
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RECOMMENDATION
In light of the above -mentioned background information, 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, the approval of a bid waiver is recommended.
OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI
1401 N. Miami Ave' 2nd Floor' Miami, FL 33136
Tel (305) 679 68681 http://www.miami-cra.org/
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OMNI Board of Commissioners Meeting
September 13, 2021
2.6
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
and Members of the CRA Board
From: Jason Walker
Executive Director
Date: September 2, 2021 File: 10633
Subject: NR 14th Street TIF
Enclosures: 10633 NR 14th Street 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 2019 CRA Redevelopment Plan ("Plan").
14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer")
submitted a grant proposal request and a Tax Increment Rebate request to the CRA
requesting the amount of $15,000,000.00 in grant assistance and 95% of the available
developmental Tax Increment (TIF) collected by the Omni CRA to underwrite a portion
of the costs to develop a mixed -use project within the Omni CRA. NR Investments, a
for -profit entity, possesses a unique approach to this mixed -use development project
that will consist of ground floor retail, ground floor commercial space and approximately
398 units of income -restricted housing. The project is estimated to cost approximately
$141 Million. The developer will commence construction by June 1, 2022 and
substantially complete by October 1, 2024.
This proposal anticipates the CRA will be extended through 2047 and as such rents will
be restricted until 2047. This Project is dependent on the extension of life of the CRA.
This project also presents a unique approach and opportunity for a local government
entity to collaborate on a below -market housing project. This is a way in which local
government entities are able to leverage Tax Increment Financing dollars and fill the
gap in financing to achieve housing affordability in the area.
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Omni Redevelopment
District Community Redevelopment Agency ("Omni CRA") approve and adopt the
attached Resolution, authorizing the execution of an economic incentive agreement with
14th Street Development LLC, a subsidiary of NR Investments, Inc., ("Developer") for
Packet Pg. 57
the development of this mixed -use development project consisting of ground floor retail
and approximately 398 units of income -restricted housing.
2.6
JUSTIFICATION:
Chapter 4 of the 2019 Amendment to the Omni CRA Redevelopment Plan reaffirms the
importance of the development of affordable housing to the economic vitality of the
CRA. With regard to projects assisted by the CRA (from which it accepts projects it
seeks to support to provide workforce, low, or very -low income housing), it identifies
among its community benefits priorities the "inclusion of an appropriate amount of
below -market rate units," specifically workforce housing units (at less than 140% AMI)
and units for low-income residents (less than 80% AMI). This project is consistent with
Florida Statute 163, and also the goals and objectives of the 2019 Omni CRA
Redevelopment Plan. The rates will remain in place until the anticipated extension of life
of the Omni CRA to 2047.
On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing
affordability is one of the key programs for the CRA to undertake. A thriving community
is one where residents in all phases of life with varying types of employment can live in
one area. To that end, the CRA outlined the following programmatic methods it can
employ to increase the supply of affordable housing:
To Assist For -Profit Housing Providers in the CRA could:
2) Pay some portion of development costs such as impact or permit fees
3) Provide a direct cash subsidy in the form of a rebate equal to a percentage
of the increases in taxes paid over a defined period of time after completion
if affordable units are provided
In addition to the above programmatic methods to expand the supply of affordable
housing, the CRA has identified
the following goal on page 5-56 of the Redevelopment Plan:
6) Housing Affordability - The CRA should fund established and creative new
ways to increase the stock of workforce and lower income affordable
housing within the district.
GOALS:
a) Create project -specific developer incentives to ensure that new or
significantly redeveloped residential projects in the CRA contain a
sufficient number of units that are affordable to the target populations.
The Project and accompanying request seek financial support from the CRA to
underwrite the development of residential units, specifically for low-income and
workforce households, and asks the CRA to provide the Applicant with a project -specific
incentive.
The 14th Street Development LLC proposal submitted will develop the group of
properties with the following addresses at 1441, 1445 & 1455 N. Miami Avenue, 25 & 31
N.E. 14th Street, and 1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida within
the Omni CRA and now requests grant and TIF funding to underwrite a portion of the
costs.
City of Miami Page 2 of 4 File ID: 10633 (Revision:) Printed On: 9/4/2021
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Of i
-we ilk
Omni
CRA
City of Miami
Legislation
OMNI CRA Resolution
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 10633 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 14TH STREET DEVELOPMENT LLC, A
FLORIDA LIMITED LIABILITY CORPORATION ("GRANTEE"), THE TAX INCREMENT
FINANCE ("TIF") REVENUES GENERATED ONLY FROM THE DEVELOPMENT BY
THE GRANTEE OF THE 14TH STREET APARTMENT PROJECT ("PROJECT") IN AN
AMOUNT NOT TO EXCEED 95% OF THE AVAILABLE DEVELOPMENT TIF
COLLECTED FROM THE PROJECT ANNUALLY OR $816,731 ANNUALLY,
WHICHEVER IS LESS, PER YEAR UNTIL 2047 IF THE LIFE OF THE CRA IS
EXTENDED TO 2047, FOR A TOTAL AMOUNT NOT TO EXCEED $13,600,000.00
WITH PAYMENT TO BEGIN UPON SUBSTANTIAL COMPLETION AND THE
PROJECT RECEIVING A CERTIFICATE OF OCCUPANCY, SUBJECT TO THE
RENTS BEING RESTRICTED UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED
TO 2047; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE
AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE,
ALL IN A FORMS ACCEPTABLE TO GENERAL COUNSEL.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its Redevelopment Area; and
WHEREAS, 14th Street Development LLC, a subsidiary of NR Investments, Inc., a for
profit entity ("Developer"), submitted a request for tax increment rebate to underwrite a portion
of the costs to develop a mixed -use project consisting of approximately 9,000 square feet of
ground floor retail and approximately 398 rent -restricted housing units at the properties located
at 1441, 1445, and & 1455 N. Miami Avenue, 25 and 31 N.E. 14th Street, and 1412, 1418,
1428, and 1432 N.E. Miami Court, Miami, Florida within the Redevelopment Area (collectively,
"Project"); and
WHEREAS, page 4-23 of the 2019 Amendment to the CRA's Redevelopment Plan
("Plan") reaffirms the importance of the development of affordable housing to the economic
vitality of the CRA and identifies among its community benefits the priority for the "inclusion of
an appropriate amount of below -market rate units," specifically workforce housing units (at less
than 140% AMI) and units for low-income residents (less than 80% AMI); and
WHEREAS, page 4-33 of the Plan states "To assist for -profit housing providers in the
CRA could:... 3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of
the increases in taxes paid over a defined period of time after completion if affordable units are
provided.... [and] 5) Grant funds to assist in rehabilitation of an existing housing project;" and
WHEREAS, the Executive Director is requesting authority to provide the Developer with
Tax Increment Finance Rebate only from Tax Increment Funds ("TIF") received from the Project
from the CRA in an amount not to exceed 95% or $816,731.00, whichever is less, per year until
2047 if the life of the CRA is extended, in a total aggregate amount not to exceed
$13,600,000.00, to be paid beginning upon substantial completion of the Project and the Project
City of Miami Page 3 of 4 File ID: 10633 (Revision:) Printed On: 9/4/2021
2.6
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receiving a certificate of occupancy, subject to a covenant being recorded on the property
restricting the rents until 2047; and
2.6
WHEREAS, the success of the Project 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 Executive Director is authorized to provide the Developer with Tax
Increment Finance Rebate from the Development TIF from the CRA in an amount not to exceed
95% or $816,731.00, whichever is less, per year until 2047 if the life of the CRA is extended to
2047, in a total aggregate amount not to exceed $13,600,000.00, to be paid beginning upon
substantial completion of the Project and the Project receiving a certificate of occupancy,
subject to a covenant being recorded on the property restricting the rents until 2047 if the life of
the CRA is extended to 2047, to underwrite a portion of the costs associated with the Project.
Section 3. The Executive Director is authorized to negotiate and execute any and all
documents, all in forms acceptable to the General Counsel, for the purposes stated herein.
Section 4. 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: 10633 (Revision:) Printed On: 9/4/2021
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RATIONALE FOR CRA SUPPORT
14th Street Apartments Project
Housing Affordability
Miami's Downtown and Greater Downtown skylines are pictures of construction, as new condos and
apartments are built throughout our burgeoning City. But the expansion experienced in the last and current real
estate cycles is misleading as the City faces one of the nation's most severe crisis of housing unaffordability
stemming from the dual problem of high housing costs and comparably low wages.
Today, Greater Miami's housing stock suffers from a significant supply mismatch. The local market has
a glut of expensive housing and not nearly enough affordable housing. While we have seen the construction of
expensive condos to the point of over -supply, not nearly enough affordable and workforce housing has been
built to meet market's demand. While thousands of new housing units have been developed within the City,
including thousands within the CRA alone, most of the units built are market -rate or high -end luxury units.
The COVID-19 pandemic as well as the expected economic recovery that will follow successful
vaccination campaigns, combined with current trends towards increased remote work, threatens to exacerbate the
City's housing unaffordability issues, as growing numbers of high -income workers and wealthy out-of-state
residents relocate to Miami in search of its unique urban amenities and "destination city" status. The prospect of
companies moving to Miami or opening offices in the City, in an effort to lure skilled workers and/or take
advantage of state and local tax and regulatory advantages, while a very welcoming development, could certainly
compound existing problems around scarcity and unaffordability in housing.
Today, the Miami -Fort Lauderdale metro is already one of the least affordable large metro areas in
the country, measured in terms of median -wage work hours needed to pay average monthly rent: at 87.1
hours, it ranks higher than San Francisco -Oakland (73.4 hours), Austin -Round Rock (70.4), New York -
Newark (69.4 hours) and Boston -Cambridge (67.0 hours), among others. The combination of relatively high
average rents with relatively low median wages is, in a nutshell, the central dynamic of the City's unaffordability
crisis.
According to the Affordable Housing Blueprint: Needs Assessment crafted by the Jorge M. Perez
Metropolitan Center at Florida International University (FIU), "the most serious problem in Miami -Dade County is
the estimated 251,732 renter households who are cost -burdened and the 140,062 renter households who are
`severely' cost -burdened. The significant growth of severely cost -burdened renters is the most pressing
problem due to three market conditions: 1) the increasing demand for renter housing throughout the County
resulting in low vacancy rates and spiraling increases in rent prices, 2) the lack of affordable rental housing
production, and 3) rent prices are increasing much faster than wages."
Furthermore, "[...] the vast preponderance of County workers earn wages in service sector occupations,
including retail trade, leisure and hospitality, and educational and health services. The household incomes of these
service sector workers limit housing choices to affordable rental housing opportunities, where available." The
problem is compounded, moreover, by the fact that, historically, the City's economy "[...] has shown it can shed
higher wage jobs very quickly but has shown resistance to adding new high -skill, higher -paying jobs."
Currently, already six in 10 employed adult residents of Greater Miami are housing cost -burdened,
meaning they spend more than 30 percent of their incomes on housing — the highest rate of any large metropolitan
area in the nation. Racial and ethnic minorities, as well as our community's low-income service workers, shoulder a
disproportionate share of the burden of today's housing crisis. The following facts provide chilling insight into the
scope and impact of the current crisis:
1
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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2.6.a
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14th Street Apartments Project
• About 49% of Miami -Dade County's households are renters. Between 2012 and 2017, the County has
seen its proportion of renter households grow by 11.4%, or nearly 2% annually. Miami, in particular,
has become a city of renters: the City's homeownership rate, at 30%, is the lowest among large cities in the
U.S.
• Miami's renter population is disproportionately African American and Hispanic with 55% of black
households and 48% of Hispanic households renting, compared with just over 25% of white households.
• Greater Miami's median rents are increasingly unaffordable. As of October 2018, the median rent for
Greater Miami was $2,095 — the eighth highest in the nation behind communities like Denver, Portland,
Dallas and Austin. Said median rent requires an annual household income of not less than $83,800 for such
rent to be "affordable" or for the household not to be "cost -burdened."
• Miami's low-income service class — workers in low -skill jobs like retail, hospitality, food service and
home care which make-up more than 50 percent of the region's workforce — is severely cost -burdened.
Miami's service class faces the greatest rental cost burdens among all classes with just under $11,000 in
annual income left -over after paying rent — the 5th worst rate among large metropolitan areas in the nation.
• At the same time, an estimated 45% of the jobs created in the City from now through 2024 will be in
occupations with a median annual income less than $35,000 per year: meanwhile, more than 9 out of 10
(90.9%) of renters in Greater Miami earning less $35,000 annually are cost -burdened.
• Miami, in particular, has the highest proportion of cost -burdened renters in the nation by a significant
margin. More than half of renters (62.4%) spend 35 percent or more of their household income on
rent. Moreover, 32% of all renter households are "severely" cost -burdened — paying an excess of 50
percent of their incomes on housing costs. Greater Miami's renters have the least amount of money left
over after paying for housing of any large metro: Miami's renters have, on average, less than $16,000 left
over after paying their rent, far less than the $30,000 or so in take-home income that renters in Washington,
D.C. and Boston have left over after paying for their housing.
Crucially, though, despite the bleak picture, Miami has a lot of gains to reap by increasing the stock
of affordable housing, gains that are broader than strictly dealing with housing scarcity and unaffordability.
As stated in FIU's Miami Affordable Housing Master Plan, "affordable housing has broad -based
economic growth impacts. As families keep more of their income, they drive greater local spending which in turn
stimulates high -wage job creation, increased tax revenue, and lower public costs for health, human services and
policing." Conversely, "keeping housing costs as a reasonable percentage of family income promotes higher
educational attainment and improves family health outcomes, as families have more money to spend on education
and health costs." It is clear that "improved affordability promotes inclusive economic growth".
"Housing affordability can be a potent tool for improving economic performance, driving employment
growth, productivity, wages, business development, and retaining and attracting high -skilled, educated
workers to the region."
"The cumulative economic impacts of greater, more widespread housing affordability would be a major
boost to developing a more diversified, higher income City economy."
"Affordable housing is [...J critical to Miami -Dade County's economic resilience [...J"
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
2
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14th Street Apartments Project
CONSISTENCY WITH CRA REDEVELOPMENT PLAN
Chapter 4 of the CRA proposed amendment to the Redevelopment Plan (2019) reaffirms the importance of
the development of affordable housing to the economic vitality of the CRA. With regard to projects assisted by the
CRA (from which it accepts projects it seeks to support to provide workforce, low, or very -low income housing), it
identifies among its community benefits priorities the "inclusion of an appropriate amount of below -market rate
units," specifically workforce housing units (at less than 140% AMI) and units for low-income residents (less than
80% AMI). Among the policy reasons articulated for such community benefits requirement are: (i) preservation of
the affordability of the neighborhood; (ii) prevention of existing resident displacement; and (iii) provide area
workers an opportunity to live near work.
On page 4-32 of the amended Redevelopment Plan, the CRA has noted that housing affordability is one of
the key programs for the CRA to undertake. A thriving community is one where residents in all phases of life with
varying types of employment can live in one area. To that end, the CRA outlined the following programmatic
methods it can employ to increase the supply of affordable housing:
To Assist For -Profit Housing Providers in the CRA could:
2) Pay some portion of development costs such as impact or permit fees
3) Provide a direct cash subsidy in the form of a rebate equal to a percentage of the
increases in taxes paid over a defined period of time after completion if affordable units
are provided.
In addition to the above programmatic methods to expand the supply of affordable housing, the CRA has identified
the following goal on page 5-56 of the Redevelopment Plan:
6) Housing Affordability — The CRA should fund established and creative new ways to increase
the stock of workforce and lower income affordable housing within the district.
GOALS:
a) Create project -specific developer incentives to ensure that new or significantly
redeveloped residential projects in the CRA contain a sufficient number of units that are
affordable to the target populations.
The Project and accompanying request seek financial support from the CRA to underwrite the development of
residential units, specifically for low-income and workforce households, and asks the CRA to provide the Applicant
with a project -specific incentive.
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
3
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14th Street Apartments Project
PROJECT DESCRIPTION
The Developer proposes to enter into a public -private partnership with the CRA to advance the CRA's
goal of developing much needed affordable and workforce housing units within the redevelopment area.
Applicant proposes to construct a 35-story tower on land it purchased over the course of the last four years
which will consist of a mixed -use project comprised of the following elements: (i) 398 multi -family residential
units; and (ii) approximately 9,000 sq. ft. of ground floor commercial use (the "Project").
Applicant proposes to assist the CRA in advancing its Redevelopment Plan goal by restricting rents for
ALL of the 398 residential units within the Project through the life of the CRA as outlined herein below. The rent
restrictions proposed will ensure that the Developer make residential units available to low-income households and
households who can afford "workforce" rents, more specifically teachers, police officers, firefighters, nurses, first
responders, and recent college graduates, among other professions.
The Project represents the Developer's latest investment in the Omni "Arts + Entertainment District" — a
dynamic urban residential neighborhood connecting the CRA & Downtown Miami with the Wynwood Arts District
and the Design District. With the surrounding expansion, the Arts + Entertainment District has seen growth in its
residential, culinary, entertainment and nightlife offerings, but substantial land remains undeveloped and a number
of buildings remain dilapidated within the district evidencing the continued "slum & blight conditions" within the
CRA. Applicant's CANVAS project, an art -inspired condominium offering a "bohemian luxe" lifestyle immersed
in the local art, culinary & cultural scene, has served to anchor the district's ascendant trajectory.
Beyond its project investments within the redevelopment area, NR Investments, Inc., has invested
approximately $2 million in efforts to beautify the Arts & Entertainment District, attract new businesses and retailers
to the area, and deliver high -quality arts, music and community programming, including "The Miami Flea," a pop-
up market, and a "Moonlight Grooves," a music series held on CANVAS's backyard, among others.
Given the Project's location just north of Downtown Miami, it is conveniently accessible via multiple
modes of transit, including: (i) the MetroMover via the "School Board Station" on N.E. 15th Street; (ii) the City's
free trolley system; and (iii) Virgin Trains' service at Grand Central Station. The inclusion of the proposed
affordable and workforce dwelling units in the Project will provide residents convenient access to employment
opportunities via mass transit servicing greater Downtown Miami area and portions of the South Florida region via
inter -city passenger rail service.
Illustrative Project rendering enclosed as Exhibit "A".
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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2.6.a
REQUESTED PROJECT SUPPORT
14th Street Apartments Project
Applicant's request assumes the approval of an extension of the term of the CRA through 2047 and
obligations of the Applicant and CRA pursuant to an Incentive Agreement would be conditioned upon the passage
of such an extension. With the clarification, Applicant proposes the following development restrictions and makes
the following request of the CRA to assist the Project:
• Proposed Residential Restrictions: Applicant proposes to rent -restrict 398 residential dwelling units — 27
studio dwelling units, 300 one -bedroom dwelling units and 71 two -bedroom dwelling units — as set forth in
the "Project Information Sheet" attached hereto as Exhibit "B." Said rent -restrictions will be remain in
place from the date the Residential portion of the Project is placed in-service (as evidenced by the issuance
of a temporary certificate of occupancy or certificate of occupancy for a residential dwelling unit) through
the date of the CRA's expiration (2047). The Applicant will be permitted to adjust the maximum rent per
unit for each unit type consistent with the rate schedule adopted by the Corporation for "Multifamily Rental
Programs" for Miami -Dade County. The Developer will impose a Covenant setting forth the rent
restrictions and the minimum number of rent -restricted units by type. The Covenant shall grant the
enforcement rights to the CRA through the term of its existence.
• Requested Financial Support: Applicant requests partial loss reimbursement of $15.0 million, along
with a rebate of 95% of the TIF collected by the Omni CRA from the Project. Developer anticipates that
the rebated tax increment generated by the Project will amount to approximately $13.6 million in gross
receipts, or approximately $8.7 million in present value. The partial loss reimbursement and TIF receipts
will be used to offset the estimated $38.0 million in gross economic loss (in the 2047 scenario).
Moreover, the project foresees around $4_3 million in estimated permit fees, water & sewer connection
charges, and impact fees to be assessed at the initiation of the Project. See Exhibit "C" attached hereto.
Construction costs have increased significantly in the last year, reflecting higher costs of materials
and labor alike. The sharp post COVID-19 economic rebound, coupled with unprecedented public
sector relief and stimulus outlays, are expected to create supply-side and labor bottlenecks, which
threaten to exacerbate and prolong upward price pressures. The requested fmancial support will
significantly help to offset these factors.
ii The value of the requested financial support —partial loss reimbursement of $15.0 million and
TIF rebate in the amount of $8_7 million in present value— is still substantially lower than the
value of the losses generated by the rent and use restrictions detailed above: $38.0 million. This is
without including the project's approximately $4.3 million in estimated permit and impact fees.
The calculation of rent and use losses assumes that market rent prices will grow at a conservative
rate of 3.00% per year. That being said, the specific area where the project is located is
undergoing —and has, in fact, been experiencing for years— rapid growth and redevelopment, in
the larger context of a City which expects to continue expanding its population and urban core.
Therefore, it is not at all unreasonable to anticipate that market rates will increase at a much higher
pace, which would, in turn, cause an even greater loss in rents due to the restrictions in place. In
other words, the project's financial projections may very well be underestimating the losses
generated by the rent restrictions.
iv. The future resale/refinance value of the building, which is calculated on a cash flow basis, is also
substantially diminished by the rent restrictions, by as much as $46,314,638, based on a standard
market cap of 5.00%.
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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14th Street Apartments Project
In sum, applicant deems that the project's present value losses and increased construction costs easily
exceed the support sought, with even conservative estimates of market rents growth during the period.
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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14th Street Apartments Project
APPLICANT EXPERIENCE & QUALIFICATIONS
14th Street Development LLC, is a subsidiary of NR Investments, Inc. ("NR"), a privately held real estate
investment company. Each of the company's principals and senior executives has extensive experience in real estate
capital markets, acquisition, asset management, development, construction and risk management. NR believes in
fostering cultural movements and communities in undiscovered areas, and in making their buildings the beacons of
their renaissance.
NR specializes in acquiring developing, repositioning, and managing real estate assets in major markets
throughout the world. The company has acquired more than 10 million square feet of office and residential space
across the globe. Over the past 18 years, NR has purchased, developed, repositioned and sold over $700 million of
multifamily and commercial real estate assets.
Recent Development Experience
• Filling Station Lofts: In January 2013, NR stepped into Miami's Omni / Arts & Entertainment District
with the acquisition and subsequent completion of Filling Station Lofts, an 81-unit loft -style apartment
building.
• CANVAS Condominiums: In November 2013, NRI closed on the 1.07-acre CANVAS condominium site.
NR constructed a 37-story, 513-unit residential condominium tower that received its fmal certificate of
occupancy (C.O.) at the end of 2018, and was delivered in 2019.
Qualifications of Principals
• Nir Shoshani — Principal. Prior to forming NR in 2001, Mr. Shoshani held the title of President at TiS
America, Inc., a subsidiary of Top Image Systems Ltd. (NASDAQ: TiSA), a publicly traded, high-tech
firm headquartered in Israel with operations around the globe. Mr. Shoshani is a graduate of the Belgrano
School of Business in Buenos Aires.
• Ron Gottesmann — Principal. Prior to forming NR in 2001, Mr. Gottesmann worked as a mortgage broker
overseeing the operation of GFI Mortgage Bankers Inc. of New York. With Mr. Shoshani, Mr. Gottesmann
leads NR which today is a fully integrated development firm which owns and manages a wide variety of
real estate, including large scale office buildings, commercial shopping centers, and multi -family housing.
Under Mr. Gottesmann's leadership, the firm has maintained a consistent focus on property repositioning
via the acquisition of underperforming buildings in high visibility locations rehabilitating them to their full
potential through extensive renovation and management restructuring.
• Terry Wellons — C.O.O. Mr. Wellons serves as the Chief Operating Officer at NR. He leads the United
States team directing a group of highly experienced attorneys, accountants and portfolio and property
managers. He has a background in finance and as a real estate attorney, serves as lender's counsel and
representing buyers and sellers of real estate, aids NR in each aspect of NR's business, effectively
negotiating and gauging the legal and financial risks involved with each transaction. Mr. Wellons holds a
degree in fmance from Florida International University and a law degree from Nova Southeastern
University,
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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ExxrmIT "A"
PROJECT RENDERING
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
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Developer/Applicant:
Contact Person:
Telephone:
E-mail:
Project Address:
14th Street Apartments Project
EXHIBIT "B"
Omni CRA
Tax Increment Recapture Agreement
Project Information Sheet
14th Street Development LLC
Terry Wellons, C.O.O.
(305) 625-0949
terry@minvestments.com
nrinvestments.com
1441, 1445 & 1455 N. Miami Avenue, 25 & 31 N.E. 14th Street, and
1412, 1418, 1428 & 1432 N.E. Miami Court, Miami, Florida
Property Information
Prior Year Taxable Values
Folio Numbers
Existing Building
Size
Lot Size
2019
2018
2017
01-3136-005-1110
0 sq. ft.
7,600 sq. ft.
$1,333,420
$1,212,200
$1,102,000
01-3136-005-1070
0 sq. ft.
11,400 sq. ft.
$1,875,630
$1,705,119
$1,550,109
01-3136-005-1060
929 sq. ft.
5,700 sq. ft.
$874,463
$794,967
$722,698
01-3136-005-1180
0 sq. ft.
3,355 sq. ft.
$551,489
$501,354
$486,475
01-3136-005-1151
_ 0 sq. ft.
5,000 sq. ft.
$821,892
$750,000
$679,250
01-3136-005-1150
0 sq. ft.
2,200 sq. ft.
$361,632
$328,757
$298,870
01-3136-005-1140
0 sq. ft.
4,200 sq. ft.
$690,389
$627,627
$570,570
01-3136-005-1130
0 sq. ft.
4,200 sq. ft.
$690,389
$627,627
$570,570
01-3136-005-1090
0 sq. ft.
6,300 sq. ft.
$1,035,584
$941,440
$855,855
Total:
929 sq. ft.
,
49,955 sq. ft.
$8,234,888
$7,489,091
$6,836,397
Type of Project:
Construction Commencement:
Project Construction Completion Date:
Project Construction Cost:
Estimated Adj. Taxable Value (TIF Basis):
Residential Square Footage:
Retail Square Footage:
Property Acquisition Date:
Total Acquisition Cost:
Projected Residential Rent (Per Unit Type):
Mixed Use (Retail, Multi -Family Residential)
June 1st, 2022
October 1st, 2024
$141,414,310
$65,088,738
297,625 sq. ft. +/-
8,706 sq. ft.+/-
May 2014 and February 2015
$7,842,000
Studio - $1,747 / 1BD - $2,224/ 2BD- $2,750
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
9
Packet Pg. 69
2.6.a
A
14th Street Apartments Project
Proposed Affordability Restrictions:
2047
Unit Type
Total
Units
Maximum Rent
Studio- 60% AMI
2
$960
Studio- 80% AMI
3
$1,280
Studio- 100% AMI
4
$1,600
Studio- 120% AMI
5
$1,920
Studio- 140% AMI
13
$2,240
1BD- 60% AMI
15
$1,029
1BD- 80% AMI
30
$1,372
1BD- 100% AMI
45
$1,715
1BD- 120% AMI
60
$2,058
1BD- 140% AMI
150
$2,469
2BD- 60% AMI
3
$1,234
2BD- 80% AMI
7
$1,646
2BD- 100% AMI
11
$2,058
2BD- 120% AMI
14
$2,469
2BD- 140% AMI
36
$2,880
Total:
398
-
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
10
Packet Pg. 70
2.6.a
21 13
14th Street Apartments Project
RESIDENTIAL ECONOMIC Loss
ExAiBIT "C"
FINANCIAL ANALYSIS
4 5 7 10 11
Tax Years
2026 2027 2028 2029 2030 2031 2032 2033
Annual Rent 6011: (31,244,320) ($1,282,165) ($1.320,630) (51,360,243) (51.401,056) 151.443088) (51.486,330) ($1,530,972)
Valuatien lss (524,896,403) 1525,643,292) (526,412.5911 (527,204,963) 023.031.1181 ($28,861,251) (229,222,604) (530,619,432)
Total
12 13 14 15 16 17 18 19
Tax Years
2034 2035 2036 2032 2038 2039 2040 2041
Toll
Annual0ent 10ss: ($1,576,901) ($1,624,208) (51,6T2,934) (51.223,122) (51.774.8161 (51,82gp60) (51.862,902) (51.939,389) (514A22,331)
Valuation lass (531,513,015) 1532.434.155) ($33,458,680) ($34,432,440) ($35,496,313) 1536,561,203) ($37,659,039) 1538,787,280)
20 21 22 23 24 25 26 27 28
Tax Years
2042 2043 2044 2045
2046 2047 2046 2047 Total
Annual Pent loss: (51,992,521) (52,057,4981 (52,119,2331 (52,132,799) (52,249,283) (52,315,732) $0 50 • ($12,921.106)
Valuation lass (539,951,413) ($41,149,956) (542,384,454) ($43,655,938) (544,935,368) ($46,314,638) $0 50
Weighted ANTI Restriction of Bottom
50%0l Units 999096
Total Rent lass:
TIF TO DEVELOPER CALCULATION
CM/Developer Retainage: 95%
Growth Pate: 1,03
Discount Rate 3%
Miami - Municipal Operating
Wang -Dade County • 0perating
MIIIage Rate Taxable Value(2020) Taxable Value(@ 0.0.( A0). Taxable Value Tax R.I. 1*241 CRA TIF:95%) CIA Pelinetl TIF(65%) Counry Clawhack (35%)
7.4365 $8,700,000 573,788,238 $65,093,738 $434,032 $459,831 5298,890 5160,941
4.6669 58,700,000 573,788,738 $65,088,73E1 $303.763 $288,375 5187,573 $101,001
Total Receipts: $787,795 $748,405 $486,463 $261,942
Tax Years
2026 2027 2028 2029 2030 2031 2032 2033 Toll
TIF to CM: $486,463 $501,057 5516,039 5531,572 5547,519 $563,944 $580,863 $593,289 $4,325,796
TIF to Developer: 5462,140 $476,004 $490,235 5504,993 5520,143 $535,747 5551,820 $568,374 54,019,502
TIF ia Developer)PV(: $410,606 $410,606 $410,606 $310,606 $410,606 $410,606 $410,606 $410,606 $3,284,845
Tax Years
203
2034 2035 6 2037 2038 2039 2040 2041 Toll
TIF to CIA: 5585,425 5602,983 $621,078 $639,710 $658,902 $678,669 $699,029 $719,999 $5,205,800
TIF to Devel0per. $556,154 $572,839 $590,024 $607,723 $625,956 5644,735 $654,077 $683,999 54,945,510
TIF to Developer OM: $390,075 $390,075 $390,075 $390,075 5390,025 $390,075 $390,075 $390,075 53,120,603
2042 2043 2044 2045 2046 204T 2046 2047 r 0 Tall
TIF to CM: $741,599 5763,847 $786,763 5810,366 $834,677 $859,717 $0 $0 50 $4,796,969
TIF to Oevel0per. 5704,519 $725,655 5747,425 $769,847 $292,943 $816,731 $0 50 $0 54,357,121
114to Developer WP60)1 5390,075 $390,075 $390,075 $390,075 $390,075 $390,075 50 $0 $0 $2,340,452
Total OFIOCRA: $14,328,565
TIF to Developer: $13,612,137
11F to Developer )TV): 58,745,900
NRINVESTMENTS.COM
Attachment: 10633 NR 14th Street Proposal (10633 : NR 14th Street TIF)
11
Packet Pg. 71