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HomeMy WebLinkAboutCRA-R-24-0040 MemorandumOMNI Board of Commissioners Meeting June 18, 2024 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo and Members of the CRA Board 5 Isiaa Jones Executive Director Date: June 13, 2024 File: 16204 Subject: 4/5ths Bid Waiver Grant Funding Request - 1437 NW 1st Place Project Enclosures: 16204 Exhibit 16204 Proposal 16204 Property Search 16204 Notice to the Public 16204 Notice to the Public 2024- 06-13 BACKGROUND: The Omni Community Redevelopment Agency ("Omni CRA") is responsible for executing community redevelopment initiatives and projects within its designated area in accordance with the 2019 CRA Redevelopment Plan ("Plan"). 1437 NW 1st Place, a 4-unit 2-bedroom multi -family apartment building in Overtown, Miami, built in 1952, falls within the Omni CRA's area. The building has suffered from deferred maintenance over the years, resulting in less than full occupancy. It has recently served the local community by providing affordable housing. The 2019 Redevelopment Plan emphasizes the importance of affordable housing, the creation of affordable housing units and includes provisions for collaborating with private entities to revitalize blighted properties. Section 4-33 of the Plan outlines that the Omni CRA can "Grant funds to assist in rehabilitation of an existing housing project." This project aligns with the Plan, which focuses on the rehabilitation of the much needed housing affordability in the area. RECOMMENDATION: Based on the aforementioned background, the need for renovation, and community enhancement, it is recommended that the Board of Commissioners of the Omni Community Redevelopment Agency adopt the attached resolution. This resolution, approved by a four -fifths (4/5ths) affirmative vote, ratifies, confirms, and approves the Executive Director's finding that it is most beneficial for the Omni CRA to provide funding to Gwendolyn L. Johnson, as a Co - Trustee of the Overtown Family Land Trust for renovation and community enhancement. FUNDING: $500,000.00 has been allocated from the Omni Tax Increment Fund, Account No. 10040.920501.883000.0000.00000 - Other Grants and Aids. City of Miami Page 2 of 5 File ID: 16204 (Revision:) Printed On: 9/12/2025 Omni C R A City of Miami Legislation OMNI CRA Resolution CRA-R-24-0040 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 16204 Final Action Date:6/18/2024 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; ALLOCATING GRANT FUNDS FROM THE CRA'S FISCAL YEAR 2023-2024 BUDGET IN AN AMOUNT NOT TO EXCEED FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) FOR AN AFFORDABLE HOUSING DEVELOPMENT PROJECT CONSISTING OF ONE (1) UNIT AT FIFTY PERCENT (50%) AREA MEDIAN INCOME ("AMI"), TWO (2) UNITS AT EIGHTY PERCENT (80%) AMI, AND ONE (1) UNIT AT CURRENT MARKET RATE AT THE PROPERTIES LOCATED AT 1437 NORTH WEST 1ST PLACE, MIAMI, FLORIDA 33136, WITHIN THE CRA REDEVELOPMENT AREA, TO THE OVERTOWN FAMILY LAND TRUST ("GRANTEE"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HER DISCRETION; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL AGREEMENTS NECESSARY AND AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; ALL BEING SUBJECT TO THE AVAILABILITY OF FUNDING AND THE RENTS BEING RESTRICTED FOR TWENTY-FIVE (25) YEARS AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE COVENANT TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, the Overtown Family Land Trust ("Grantee"), submitted a request for funding to rehabilitate the property located at 1437 North West 1st Place, Miami, Florida 33136 (the "Project") consisting of four (4) total units which after rehabilitation will be rented at one (1) unit at fifty percent (50%) of Area Median Income ("AMI"), two (2) units at eighty percent (80%) AMI, and one (1) unit at current market rate as one unit is owner -occupied; and WHEREAS, a portion of the grant shall also be used to assist with additional costs of the building during construction; and City of Miami Page 3 of 5 File ID: 16204 (Revision:) Printed On: 9/12/2025 WHEREAS, the 2019 Redevelopment Plan ("Plan") on page 4-32, lists the objectives of the CRA "to find ways to ensure housing remains affordable for all income levels within the district, but particularly for those households' meeting workforce or lower income guidelines"; and WHEREAS, the Plan, also on page 4-34, states the CRA can "create and implement programs to assist target income households to rehabilitate, and/or maintain the unit they currently own" and "devise and implement programs to assist housing providers in creating affordable units for target households"; and WHEREAS, the Grantee requested grant funding for the Project in an amount not to exceed five hundred thousand dollars ($500,000.00); and WHEREAS, the success of the Project will result in accomplishing the stated objectives of the Plan; and WHEREAS, based on the recommendation and finding of the Executive Director, attached and incorporated as Exhibit "A," it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures 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, for the allocation of grant funds for the Project in an amount not to exceed five hundred thousand dollars ($500,000.00) to be disbursed subject to the Executive Director's discretion, subject to the availability of funding; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of the Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written finding, attached and incorporated, pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified, approved, and confirmed and the requirements for competitive sealed bidding methods as not being practicable or advantageous to the CRA are waived. Section 3.Grant Funds in an amount not to exceed five hundred thousand dollars ($500,000.00) for the Project are allocated, subject to the availability of funding, from CRA's Fiscal Year 2023-2024 budget, to fund the costs as requested by the Overtown Family Land Trust located at 1437 NW 1st Place Street, Miami, Florida 33136. Section 4. The Executive Director is authorized to negotiate and execute any and all necessary documents and amendments, all in forms acceptable to the General Counsel, for the purposes stated herein, including but not limited to a restrictive covenant detailing rent maximums per units for a period of 25 years which is to be recorded in the public records of Miami -Dade County, Florida. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: aLt"r City of Miami Page 4 of 5 File ID: 16204 (Revision:) Printed On: 9/12/2025 GEORGE K. WYSONG III, GENERAL COUNSEL City of Miami Page 5 of 5 File ID: 16204 (Revision:) Printed On: 9/12/2025