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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-22-0019
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 12071
Revision:
File Type: OMNI CRA
Resolution
File Name: K-P 1900 Biscayne JV, LLC - Edgewater Collective
Project Economic Incentive Agreement
Requesting Dept: OMNI Community Redevelopment Agency
Status: ADOPTED
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 6/6/2022
Final Action Date: 6/9/2022
Title: A RESOLUTION OF THE BOARD OF THE COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), AUTHORIZING THE CRA TO REBATE TO K-P 1900
BISCAYNE JV LLC, A DELAWARE LIMITED LIABILITY COMPANY ("DEVELOPER"),
THE TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED ONLY FROM THE
DEVELOPMENT BY THE DEVELOPER OF THE PROJECT IN AN AMOUNT NOT TO
EXCEED 95% OF THE TIF COLLECTED FROM THE PROJECT ANNUALLY,
PAYMENT BEING UPON SUBSTANTIAL COMPLETION OF THE PROJECT
RECEIVING A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF
OCCUPANCY, SUBJECT TO THE RENTS FOR NOT LESS THAN 10% OF THE
PROJECT'S DWELLING UNITS BEING RESTRICTED UNTIL 2030, OR UNTIL 2047 IF
THE LIFE OF THE CRA IS EXTENDED TO 2047, AT RENTS SERVING HOUSEHOLDS
EARNING NOT LESS THAN 60% OF AREA MEDIAN INCOME (AMI) AND NOT MORE
THAN 100% OF AMI; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE, ALL IN A FORM ACCEPTABLE TO GENERAL COUNSEL.
Notes:
Rescinded by CRA-R-23-0013.
Links:
Attac
12071
History
1 Exhi : (PDF)
F)
gislative File:
Revision: Acting Body:
H. Bert Gonzalez
George K. Wysong III
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
Victoria Mendez
City Clerk's Office
Date:
6/7/2022
6/7/2022
6/9/2022
6/9/2022
6/9/2022
6/9/2022
Action:
Department Head Review
ACA Review
Meeting
ADOPTED
Approved Form and
Correctness
Rendered
Result:
Completed
Completed
Completed
Passed
Completed
Completed
City of Miami
Rescinded CRA-R-23-001 3
Page 1 of 1
Printed on: 9/9/2025