Loading...
HomeMy WebLinkAboutCRA-R-25-0018 Master Reportr o- —et ow Omni CRA OMNI Community Redevelopment Agency Master Report Enactment Number: CRA-R-25-0018 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 http://miamicra.com File Number: 17456 File Type: OMNI CRA Status: ADOPTED Resolution Revision: Controlling Body: OMNI Community Redevelopment Agency File Name: Wynwood Works Sublease Agreement Introduced: 4/4/2025 Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 4/10/2025 Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),) RESCINDING RESOLUTION NO. CRA-R-24-0047, IN ITS ENTIRETY; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A SUBLEASE AGREEMENT BETWEEN THE CRA AND WYNWOOD WORKS MANAGER, LLC, A FLORIDA LIMITED LIABILITY COMPANY, FOR A PERIOD NOT TO EXCEED SEVENTY-TWO (72) MONTHS ("AGREEMENT"); ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2024 — 2025 BUDGET IN AN AMOUNT NOT TO EXCEED TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) ANNUALLY, PLUS AN INCREASE OF THREE PERCENT (3%) EVERY YEAR FOR THE TERM OF THE AGREEMENT, 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, FLORIDA 33127 ("PROPERTY") ALSO REFERRED TO AS "WYNWOOD WORKS", LOCATED WITHIN THE CRA REDEVELOPMENT AREA; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT, SUBJECT TO THE AVAILABILITY OF FUNDS; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO IMPLEMENT AND ENFORCE THE AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY AND ALL AMENDMENTS THERETO, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN AND PROVIDING FOR AN EFFECTIVE DATE. Notes: Links: Attachments: 17456 Backup (PDF) 17456 Sublease Term Sheet (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Isiaa Jones 4/4/2025 Department Head Review Completed Domini J. Gibbs 4/4/2025 ACA Review Completed George K. Wysong III 4/4/2025 Approved Form and Completed Correctness OMNI Community 4/10/2025 Meeting Completed Redevelopment Agency City of Miami Page 1 of 2 Printed on: 9/15/2025 1r� 1. Omni CRA OMNI Community Redevelopment Agency Master Report Enactment Number: CRA-R-25-0018 OMNI Community Redevelopment Agency City Clerk's Office 4/10/2025 4/10/2025 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 http://miamicra.com ADOPTED Passed Rendered Completed City of Miami Page 2 of 2 Printed on: 9/15/2025