HomeMy WebLinkAboutCRA-R-24-0046 Exhibit ADamian Pardo
Board Chair
I
Omni
CRA
INTER -OFFICE MEMORANDUM
Isiaa Jones
Executive Director
TO: Board Chair Damian Pardo and DATE: July 25th, 2024
Members of the CRA Board
FROM: Isiaa Jones
Executive Director
SUBJECT: 4/5ths Bid Waiver Grant
Funding Request — 2003 N.
Miami Ave. Project
BACKGROUND
A Resolution of the Board of Commissioners of the Omni Community Redevelopment Agency
("Omni CRA") by four -fifths (4/5ths) affirmative vote, after an advertised public hearing, ratifying,
approving, and confirming the Executive Director's recommendation and finding 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, as adopted by the Omni
CRA; waiving the requirements for competitive sealed bidding as not being practicable or
advantageous to the Omni CRA; authorizing the allocation of funding in an aggregate amount not
to exceed Three Million One Hundred Thousand Dollars and Zero Cents ($3,100,000.00)
("Funds"), to support the 2003 N. Miami Ave. ("Project"). The "Funds" will underwrite partially the
total rehabilitation cost of the "Project". Additionally, these "Funds" will not be disbursed until
verification of the total project funding structure is complete.
The "Project", a mixed -use apartment building, consists of 11 micro -unit studios and commercial
space in South of Wynwood, Miami, built in 1926, in need of complete rehabilitation. The building
has suffered from deferred maintenance over the years, resulting in low or no occupancy.
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 Kush Property LLC. for renovation and
community enhancement.