HomeMy WebLinkAboutCRA-R-23-0014 Master Reportr o-
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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-23-0014
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 13913 File Type: OMNI CRA
Resolution
Revision: A
File Name: Rescind CRA-R-22-0020 - 2000 Biscayne Fee
Owner, LLC
Requesting Dept: OMNI Community Redevelopment Agency
Status: ADOPTED
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 4/25/2023
Final Action Date: 4/27/2023
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA")
RESCINDING CRA RESOLUTION CRA-R-22-0020, ADOPTED ON JUNE 9, 2022,
RELATED TO THE APPROVAL OF A TAX INCREMENT FINANCE ("TIF") REBATE TO
K-P 2000 BISCAYNE JV, LLC, FOR A MIXED -USE AND MIXED -INCOME PROJECT
KNOWN AS "EDGEWATER COLLECTIVE" FOR THE DEVELOPMENT OF PROPERTY
GENERALLY LOCATED AT 2000 BISCAYNE BOULEVARD, MIAMI,
FLORIDA,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 OTHER NECESSARY DOCUMENTS, ALL IN ACCORDANCE WITH THIS
RESOLUTION.
Notes:
Links:
Attachments: 13913 Resolution Modification Request
13913 OMNI CRA TIF Proposal (PDF)
History of Legislative File:
(PDF)
Revision: Acting Body:
Date: Action: Result:
A
A
A
H. Bert Gonzalez
George K. Wysong III
Victoria Mendez
4/25/2023
4/25/2023
4/25/2023
OMNI Community 4/27/2023
Redevelopment Agency
Department Head Review
Deputy Attorney Review
Approved Form and
Correctness
Meeting
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 9/11/2025
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1.
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-23-0014
A OMNI Community
Redevelopment Agency
A City Clerk's Office
4/27/2023
4/28/2023
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
ADOPTED Passed
Rendered Completed
City of Miami Page 2 of 2 Printed on: 9/11/2025