HomeMy WebLinkAboutCRA-R-22-0020 Master Report/i•
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-22-0020
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 12072
Revision:
File Type: OMNI CRA
Resolution
File Name: K-P 2000 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")
AUTHORIZING THE CRA TO REBATE TO K-P 2000 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.
.r
Notes: Rescinded by CRA-R-23-0014.
Links:
Attachments: 12072 Backup (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
H. Bert Gonzalez
George K. Wysong III
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
Victoria Mendez
City Clerk's Office
6/7/2022
6/7/2022
6/9/2022
6/9/2022
6/9/2022
6/9/2022
Department Head Review
ACA Review
Meeting
ADOPTED
Approved Form and
Correctness
Rendered
Completed
Completed
Completed
Passed
Completed
Completed
City of Miami
Rescinded by CRA-R-23-0014
Page 1 of 1 Printed on: 9/9/2025