HomeMy WebLinkAboutOMNI CRA 2022-06-09 AgendaCity of Miami
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
�i:
Omni
C R A
Meeting Agenda
Thursday, June 09, 2022
12:00 PM
(OR THEREAFTER)
City Hall
3500 Pan American Drive
Miami, FL 33133
OMNI Community Redevelopment Agency
Alex Diaz de la Portilla, Chair, District One
Joe Carollo, Vice Chair, District Three
Ken Russell, Board Member, District Two
Manolo Reyes, Board Member, District Four
Christine King, Board Member, District Five
OMNI CRA OFFICE ADDRESS:
1401 N. Miami Avenue, 2nd Floor
Miami, FL 33136
Phone: (305) 679-6868
www.miamicra.com
OMNI Community Redevelopment Agency
Meeting Agenda June 9, 2022
CALL TO ORDER
OMNI CRA RESOLUTION(S)
1. OMNI CRA RESOLUTION
12071 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.
2. OMNI CRA RESOLUTION
12072 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.
OMNI Community Redevelopment Agency Page 2 Printed on 6/7/2022
OMNI Community Redevelopment Agency
Meeting Agenda June 9, 2022
3. OMNI CRA RESOLUTION
12073 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") ISSUING A GRANT FROM 2021-2022 OMNI CRA BUDGET IN AN
AMOUNT NOT TO EXCEED $30,000.00 TO FLORIDA FILM HOUSE
INTERNATIONAL, INC. TO UNDERWRITE COSTS ASSOCIATED WITH
THEIR 1ST TAKE YOUTH FILM AFTER -SCHOOL PROGRAM AT THE
DORSEY LIBRARY; AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO
EFFECTUATE THE PROGRAM, ALL IN FORMS ACCEPTABLE TO THE
GENERAL COUNSEL.
ADJOURNMENT
OMNI Community Redevelopment Agency Page 3 Printed on 6/7/2022