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Omni
CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-25-0029
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 16969 Final Action Date:6/26/2025
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE
VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING,
AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND
FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A" 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 CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE
SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO
THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE AN AGREEMENT, WITH SUPPORTING DOCUMENTS BETWEEN
THE CRA AND EWB HOLDINGS, LLC, A FLORIDA LIMITED LIABILITY
COMPANY FOR A MIXED -INCOME DEVELOPMENT PROJECT ("PROJECT")
OF THE PROPERTIES LOCATED AT 1433 NORTH WEST 1ST COURT, MIAMI,
FLORIDA AND 1435 NORTH WEST 1ST COURT, MIAMI, FLORIDA WITHIN THE
CRA'S REDEVELOPMENT AREA; FURTHER AUTHORIZING THE ALLOCATION
OF FUNDS IN AN AMOUNT NOT TO EXCEED TWO MILLION NINE HUNDRED
SEVENTY-SIX THOUSAND SEVEN HUNDRED NINETY-EIGHT DOLLARS
($2,976,798.00) FOR THE PROJECT; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS
NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL,
FOR THE PURPOSE STATED HEREIN, ALL BEING SUBJECT TO THE
AVAILABILITY OF FUNDING AND THE RENTS BEING RESTRICTED FOR
THIRTY (30) YEARS AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE
COVENANT TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE
COUNTY, FLORIDA, AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its boundaries; and
WHEREAS, EWB Holdings, LLC., a Florida Limited Liability Company ("Grantee") owns
the vacant properties located at 1433 North West 1st Court, Miami, Florida and 1435 North
West 1st Court, Miami, Florida, identified by folio numbers 01-3125-048-1730 and 01-3125-048-
1740 ("Property"), which are within the CRA's redevelopment area; and
WHEREAS, Grantee submitted a request for grant funding to develop an 11-unit,
neighborhood -oriented, mixed -income affordable housing project at the aforementioned
Property ("Project"); and
City of Miami Page 1 of 3 File ID: 16969 (Revision:) Printed On: 9/16/2025
File ID: 16969 Enactment Number: CRA-R-25-0029
WHEREAS, the Project is designed to meet the affordable housing goals outlined in
CRA Resolution No. CRA-R-24-0049, with two (2) units affordable to Extremely Low -Income
tenants at thirty percent (30%) Area Medium Income ("AMI"), three (3) units affordable to Low -
Income residents at sixty percent (60%) AMI, three (3) units affordable to Moderate -Income
residents between sixty percent to eighty percent (60%-80%) AMI, two (2) units affordable to
Moderate -Income residents between eighty percent to one hundred percent (80%-100%) AMI,
and one (1) unit at market rate, currently estimated to align with approximately seventy percent
(70%) AMI for new units in the Overtown area of the CRA boundaries; and
WHEREAS, the CRA's 2019 Redevelopment Plan ("Plan"), at page 4-22, highlights the
importance of affordable housing for economic vitality in the area by encouraging community
benefits that prioritize below -market -rate units, especially those affordable to low-income
residents (less than eighty percent (80%) AMI); and
WHEREAS, the Plan, at page 4-33, also provides for financial support to for -profit
housing providers in the form of direct grants or rebates if affordable units are included in
projects; and
WHEREAS, the CRA has identified this Project as essential for providing affordable
housing options and reducing blight in the neighborhood, consistent with the CRA's
Redevelopment Plan objectives; and
WHEREAS, the total development costs for the Project are estimated to be Three Million
Three Hundred Eighty Thousand Four Hundred Ninety -Eight Dollars ($3,380,498.00) and the
Grantee seeks CRA assistance in the form of grant funding in the amount of Two Million Nine
Hundred Seventy -Six Thousand Seven Hundred Ninety -Eight Dollars ($2,976,798.00) to assist
with a portion of these costs; and
WHEREAS, based on the Executive Director's recommendation and finding, attached
and incorporated as Exhibit "A," it is in the CRA's best interest to waive competitive sealed
bidding procedures, as authorized by Sections 18-85 and 18-86 of the Code of the City of
Miami, Florida, as amended ("City Code"), as adopted by the CRA, and to authorize the
Executive Director to negotiate and execute an agreement with the Grantee for the provision of
grant funds to support the Project;
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 if fully set forth herein.
Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the
Executive Director's recommendation and finding, attached and incorporated as Exhibit "A," are
hereby ratified, approved, and confirmed, and the requirements for competitive sealed bidding
methods are waived, as authorized pursuant to Sections 18-85 and 18-86 of the City Code, as
adopted by the CRA, as not being practicable or advantageous to the CRA.
Section 3. Grant funds in an amount not to exceed Two Million Nine Hundred Seventy -
Six Thousand Seven Hundred Ninety -Eight Dollars ($2,976,798.00) for the Project are
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File ID: 16969 Enactment Number: CRA-R-25-0029
allocated, subject to the availability of funding, from CRA's Fiscal Year 2024-2025 budget, to
fund the costs as requested by Grantee for the Project at the Property.
Section 4. The Executive Director is authorized to negotiate and execute an agreement
between the CRA and Grantee for the Project, including any and all necessary documents and
amendments, all in forms acceptable to the General Counsel, for the purposes stated herein,
including but not limited to a restrictive covenant detailing rent maximums per unit for a period of
Thirty (30) years, which is to be recorded in the public records of Miami -Dade County, Florida.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
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