HomeMy WebLinkAboutCRA-R-25-0018 Backup4/3/25, 4:45 PM CRA-R-24-0047A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMU...
Miami
FL
OMNI CRA Resolution
CRA-R-24-0047
ADOPTED
JLi/
25 2024 9. 30 qM
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 LEASE AGREEMENT BETWEEN THE
"CRA" AND WYNWOOD WORKS, LLC, A FLORIDA LIMITED LIABILITY COMPANY;
ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2023-2024 BUDGET IN AN AMOUNT
NOT TO EXCEED TWO HUNDRED FORTY-NINE THOUSAND NINE HUNDRED NINETY-SIX
DOLLARS ($249,996.00) ANNUALLY FOR FIVE THOUSAND ONE HUNDRED FIFTY THREE
(5,153) SQUARE FEET OF RENTABLE RETAIL AND/OR COMMERCIAL SPACE LOCATED AT
2037 NORTH MIAMI AVENUE, MIAMI, FL 33127 ("PROPERTY") ALSO REFERRED TO AS
"WYNWOOD WORKS", LOCATED WITHIN THE CRA REDEVELOPMENT AREA; FOR A PERIOD
OF SEVENTY-TWO (72) MONTHS; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE
FUNDS AT HER DISCRETION, SUBJECT TO THE AVAILABILITY OF FUNDS; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL
DOCUMENTS NECESSARY INCLUDING ANY AND ALL AMENDMENTS THERETO, ALL IN
FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN
AND PROVIDING FOR AN EFFECTIVE DATE.
Information
Department:
Category:
Attachments
OMNI Community
Redevelopment Agency
Other
Agenda Summary and Legislation
16408 Lease Term Sheet
Sponsors:
Body/Legislation
VVHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked
with reducing slum and blight within its boundaries; and
VVHEREAS, the Executive Director seeks authorization for the negotiation and execution of a lease
agreement for a period of seventy-two (72) months, by and between the CRA and Wynwood VVorks, LLC, a
Florida Limited Liability Company for the property located at 2037 North Miami Avenue, Miami, FL 33127, also
referred to as "Wynwood VVorks" ("Property") located within the CRA redevelopment area, for Five Thousand
One Hundred Fifty Three (5,153) square feet of rentable and/or commercial space; and
VVHEREAS, the CRA desires to allocate an amount not to exceed Two Hundred Forty Nine Thousand
Nine Hundred Ninety Six Dollars ($249,996.00) annually plus an increase of Three Percent (3.0%) every year
for the term of the lease; and
VVHEREAS, the CRA has the flexibility to use the space exclusively or sublease it below market rate as
an economic incentive to attract new businesses within the redevelopment area; and
VVHEREAS, adoption of the Resolution is consistent with the CRA's 2019 redevelopment plan;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
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4/3/25, 4:45 PM CRA-R-24-0047A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMU...
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. Funds in an amount not to exceed Two Hundred and Forty -Nine Thousand Nine Hundred
and Ninety -Six Dollars ($249,996.00), with an annual increase of three percent (3.0%) until the lease expires,
are allocated from the CRA Fiscal Year 2023-2024 budget to fund the costs as requested for a period of
Seventy -Two (72) Months, subject to the availability of funding to VVynwood Works, LLC for the Purpose stated
herein.
Section 3. The Executive Director is authorized to negotiate and execute a lease agreement including
any and all necessary documents, all in forms acceptable to the General Counsel, for the purposes stated
herein.
Section 4. This Resolution shall become effective immediately upon its adoption.
Meeting History
OMNI Community
Jul 25, 2024 9:30 AM Redevelopment Regular Meeting
Agency
RESULT: ADOPTED [UNANIMOUS]
MOVER: Manolo Reyes, Board Member, District Four
SECONDER: Christine King, Board Member, District Five
AYES: Damian Pardo, Joe Carollo, Miguel Angel Gabela, Manolo Reyes, Christine King
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