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OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-25-0023
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 17639 Final Action Date:6/17/2025
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
COMMUNITY DEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE A CONSENT TO COLLATERAL ASSIGNMENT OF
THE ECONOMIC INCENTIVE AGREEMENT BETWEEN THE CRA AND
WYNWOOD HAUS, LLC FOR MIXED -USE AND MIXED -INCOME
DEVELOPMENT PROJECT OF PROPERTIES LOCATED AT FOLIOS 01-3136-
003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-
003-0180, AND 01-3136-003-0190, ALL LOCATED IN THE CRA
REDEVELOPMENT AREA; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE 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.
WHEREAS, on September 24, 2020, the Board of Commissioners of the Omni
Redevelopment District Community Redevelopment Agency, adopted Resolution No. CRA-R-
20-0014, which authorized a rebate to Wynwood Haus, LLC ("Developer") of the Tax Increment
Finance ("TIF") revenues generated by the development of the project located at Folios 01-
3136-003-0140, 01-3136-003-0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180,
and 01-3136-003-0190 (collectively, the "Property") in an amount not to exceed Ninety -Five
percent (95%) of the TIF collected from the Property annually until 2030, or until 2047 if the life
of the Omni Redevelopment District Community Redevelopment Agency ("CRA") was extended
to 2047, for a total amount not to exceed Twelve Million Nine Hundred Thirty Five Thousand Six
Hundred Seventy Four Dollars and 00/100 ($12,935,674.61); and
WHEREAS, on April 12, 2022, the CRA and Developer entered into an Economic
Incentive Agreement for Mixed -Use And Mixed -Income Project ("Redevelopment Agreement"),
to underwrite a portion of the costs to develop the Property consisting of approximately Two
Hundred Twenty -Four (224) housing units ("Project") to be located at 23 NE 17th Terrace, Miami,
Florida; and
WHEREAS, on April 10, 2025, the City of Miami ("City") Commission adopted Resolution
No. R-25-0131, which finalized the extension of life of the CRA to 2047; and
WHEREAS, based on the CRA's extension of life, the TIF revenues generated by the
development of the Property shall be until 2047; and
WHEREAS, the Developer is now seeking consent to a collateral assignment of the TIF
revenues authorized pursuant to the Redevelopment Agreement for refinancing of the Property;
and
City of Miami Page 1 of 2 File ID: 17639 (Revision:) Printed On: 9/16/2025
File ID: 17639 Enactment Number: CRA-R-25-0023
WHEREAS, the 2010 Redevelopment Plan ("Plan") on page 41, section D-2 lists the
objective of the CRA "to create a variety of housing"; and
WHEREAS, page 42, Sections A-1 and A-3 of the Plan also lists as an objective of the
CRA to "Provide incentives for redevelopment of blighted properties"; and
WHEREAS, authorizing the consent to the collateral assignment of the Redevelopment
Agreement furthers the stated objectives of the Plan;
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 this Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. The Executive Director is authorized to negotiate and execute a Consent to
Collateral Assignment of the TIF revenues authorized in the Redevelopment Agreement
between the CRA and Developer for the Property.
Section 3. The Executive Director is further authorized 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.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge . Wy j ng III, C y ttor' -y 5/13/2025
City of Miami Page 2 of 2 File ID: 17639 (Revision:) Printed on: 9/16/2025