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OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-21-0039
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 8989 Final Action Date:10/22/2021
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A
FORM ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND
DAMODAR S. AIRAN, FOR THE ACQUISITION OF REAL PROPERTY LOCATED
AT 1520 NW 1ST COURT, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE
TOTAL LOT AREA OF 8,800 SQUARE FEET ("PROPERTY"), AS LEGALLY
DESCRIBED IN THE AGREEMENT, FOR A TOTAL PURCHASE PRICE NOT TO
EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00),
CONTINGENT UPON THE CRA OBTAINING A WRITTEN APPRAISAL FROM A
LICENSED FLORIDA APPRAISER; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER
NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS AND
MODIFICATIONS TO SAID AGREEMENT, ALL IN FORMS ACCEPTABLE TO
THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE
SAID ACQUISITION; ALLOCATING FUNDS FROM THE 2021-2022 OMNI TAX
INCREMENT BUDGET IN A TOTAL AMOUNT SUBJECT TO THE NOT TO
EXCEED FOUR HUNDRED THOUSAND DOLLARS ($400,000.00) TO PROVIDE
FOR THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A
SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED
CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN
ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") wishes to acquire the real property located at 1520 NW 1st Court, Miami, Florida 33136,
containing an approximate total lot area of 8,800 square feet ("Property"); and
WHEREAS, the CRA plans to develop the Property to enhance the quality of life in the
surrounding area and address slum and blight as detailed in the CRA's Redevelopment Plan;
and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not
exceed Four Hundred Thousand Dollars ($400,000.00), to be allocated from the 2021-2022
Omni Tax Increment Fund Budget line item 12 inclusive of the purchase price, cost of a survey,
environmental report, title insurance, and related closing costs associated with said acquisition;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
City of Miami Page 1 of 2 File ID: 8989 (Revision: B) Printed On: 9/8/2025
File ID: 8989 Enactment Number: CRA-R-21-0039
Section 2. The Executive Director is authorized to negotiate and execute a Purchase
and Sale Agreement ("Agreement"), in a form acceptable to the General Counsel, between the
CRA and the Seller for the acquisition of the Property for a total purchase price not to exceed
Three Hundred Fifty Thousand Dollars ($350,000.00), contingent upon the CRA receiving
appraisals supporting the purchase price.
Section 3. The Executive Director is further authorized to negotiate and execute any
and all necessary documents, including any amendments and modifications to said Agreement,
all in forms acceptable to the General Counsel, as may be necessary to effectuate said
acquisition.
Section 4. Funds are allocated from the 2021-2022 Omni Tax Increment Fund Budget in
an not to exceed Four Hundred Thousand Dollars ($400,000.00) to cover the total cost of said
acquisition, inclusive of the cost of a survey, environmental report, title insurance, and related
closing costs associated with said acquisition.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby I_. Min, Deputy City Attorney 4/30/2021 Barnaby I_. Min, Deputy City Attorney 10/19/2021
City of Miami Page 2 of 2 File ID: 8989 (Revision: B) Printed on: 9/8/2025