HomeMy WebLinkAboutCRA-R-24-0069 Master Reportr o-
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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-24-0069
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 16970 File Type: OMNI CRA Status: ADOPTED
Resolution
Revision: Controlling Body: OMNI Community
Redevelopment Agency
File Name: Termination of Lease Agreement - 1401 Group, LLC Introduced: 11/14/2024
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 11/21/2024
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A
TERMINATION OF LEASE AGREEMENT AND RELEASE OF ALL CLAIMS, IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND 1401
GROUP, LLC ("LESSEE"), FOR THE USE OF APPROXIMATELY 5,400 SQUARE FEET
OF PROPERTY LOCATED AT 1401 NORTH MIAMI AVENUE, MIAMI, FLORIDA
("PROPERTY") FOR A RESTAURANT AND ENTERTAINMENT FACILITY, WITH
TERMS AS SET FORTH IN THE TERMINATION AGREEMENT, ATTACHED AND
INCORPORATED HEREIN; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR
TO ALLOCATE AN AMOUNT NOT TO EXCEED TWO MILLION ONE HUNDRED
THOUSAND DOLLARS ($2,100,000.00) AS PAYMENT FOR BUILD -OUT AND
IMPROVEMENTS AT THE PROPERTY UNDERTAKEN BY LESSEE AND PROVIDING
FOR AN EFFECTIVE DATE.
Notes:
Links:
Attachments: 16970 Build Cost Estimates (PDF)
16970 Expenditures Analysis (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Isiaa Jones 11/15/2024 Department Head Review Completed
Domini J. Gibbs 11/15/2024 ACA Review Completed
George K. Wysong III 11/18/2024 Approved Form and Completed
Correctness
OMNI Community 11/21/2024 Meeting Completed
Redevelopment Agency
OMNI Community 11/21/2024 ADOPTED Passed
Redevelopment Agency
City Clerk's Office 11/22/2024 Rendered Completed
City of Miami Page 1 of 1 Printed on: 9/15/2025