HomeMy WebLinkAbout15520 Master Reportr o-
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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number:
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 15520 File Type: OMNI CRA Status: CONTINUED
Resolution
Revision: Controlling Body: OMNI Community
Redevelopment Agency
File Name: 4/5ths Grant tol4th Street Development, LLC Introduced: 2/2/2024
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date:
Title: MAY BE WITHDRAWN A RESOLUTION OF THE BOARD OF COMMISSIONERS OF
THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), BYA FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE,
AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND
CONFIRMING THE EXECUTIVE DIRECTOR'S WRITTEN RECOMMENDATION AND
FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A," THAT COMPETITIVE
NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR
ADVANTAGEOUS PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED, ("CITY CODE") AS ADOPTED BY THE
CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS
NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE
EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A FIRST AMENDMENT TO
THE FORGIVABLE PROJECT LOAN AGREEMENT FOR 14TH STREET
DEVELOPMENT, A FIRST AMENDMENT TO THE ECONOMIC INCENTIVE
AGREEMENT FOR MIXED -USE AND MIXED -INCOME PROJECT, A FIRST
AMENDMENT TO THE DECLARATION OF RESTRICTIVE COVENANTS FOR 14TH
STREET DEVELOPMENT, LLC, A FIRST AMENDMENT TO THE MORTGAGE AND
SECURITY AGREEMENT FOR 14TH STREET DEVELOPMENT, LLC, A FIRST
AMENDMENT TO THE RENT REGULATORY AGREEMENT FOR 14TH STREET
DEVELOPMENT, A FIRST AMENDMENT TO THE DISBURSEMENT AGREEMENT
FOR 14TH STREET DEVELOPMENT, LLC, AND A FIRST AMENDMENT TO THE
PROMISSORY NOTE (CRA FUNDS) FOR 14TH STREET DEVELOPMENT, LLC, AND
ALL OTHER NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE
GENERAL COUNSEL, ALLOCATING ADDITIONAL GRANT FUNDS IN THE AMOUNT
OF $15,000,000.00 FOR A MIXED -USE DEVELOPMENT PROJECT OF PROPERTIES
LOCATED AT 1441, 1445, AND 1455 NORTH MIAMI AVENUE, 25 AND 31
NORTHEAST 14TH STREET, AND 1412, 1418, 1428, AND 1432 NORTHEAST MIAMI
COURT, MIAMI, FLORIDA WITHIN THE CRA'S REDEVELOPMENT AREA TO 14TH
STREET DEVELOPMENT LLC, SUBJECT TO THE EXTENSION OF LIFE OF THE CRA
AND THE CRA BEING ABLE TO SUCCESSFULLY SECURE FINANCING AND
SUBJECT TO THE AVAILABILITY OF FUNDS.
Notes:
Links:
Attachments: 15520 Exhibit A (PDF)
15520 Notice to the Public (PDF)
15520 Backup (PDF)
City of Miami Page 1 of 2 Printed on: 9/12/2025
/i•
Omni
CRA
OMNI
Community Redevelopment Agency
History of Legislative File:
Master Report
Enactment Number:
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
Revision: Acting Body:
Date:
Action:
Result:
Isiaa Jones
George K. Wysong III
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
2/4/2024
2/5/2024
2/8/2024
2/8/2024
4/25/2024
Department Head Review
Deputy Attorney Review
Meeting
CONTINUED
Meeting
Completed
Completed
Completed
Passed
Pending
City of Miami Page 2 of 2 Printed on: 9/12/2025