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HomeMy WebLinkAboutOMNI CRA 2025-12-11 Agenda PacketCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Omni C R A Meeting Agenda Thursday, December 11, 2025 9:30 AM (OR THEREAFTER) City Hall 3500 Pan American Drive Miami, FL 33133 OMNI Community Redevelopment Agency Damian Pardo, Chair, District Two Joe Carollo, Vice Chair, District Three Miguel Angel Gabela, Board Member, District One Ralph "Rafael" Rosado, Board Member, District Four Christine King, Board Member, District Five OMNI CRA OFFICE ADDRESS: 1401 N. Miami Avenue, 2"d Floor Miami, FL 33136 Phone: (305) 679-6868 www.omnicra.com OMNI Community Redevelopment Agency Meeting Agenda December 11, 2025 CALL TO ORDER APPROVING THE MINUTES OF THE FOLLOWING MEETING(S): 1. OMNI COMMUNITY REDEVELOPMENT AGENCY - REGULAR MEETING - OCT 30, 2025 11:30 AM OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 18575 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ACCEPTING THE PROPOSAL RECEIVED OCTOBER 6, 2025, PURSUANT TO REQUEST FOR PROPOSALS ("RFP") NO. 09-29-2025, FROM RICHIE TANDOC, P.A., A FOR PROFIT CORPORATION REGISTERED TO CONDUCT BUSINESS IN FLORIDA ("TANDOC") FOR THE PROVISION OF EXTERNAL AUDITING SERVICES, FOR THE CRA, FOR THE FISCAL YEAR ("FY") 2024-2025 ANNUAL AUDIT, PURSUANT TO SECTION 218.39, FLORIDA STATUTES; FOR AN INITIAL TERM OF TWO (2) YEARS WITH THREE (3) ONE-YEAR RENEWAL OPTIONS, AUTHORIZING AN ALLOCATION IN AN AMOUNT NOT TO EXCEED TWENTY NINE THOUSAND AND 00/100 DOLLARS ($29,000.00) FOR THE INITIAL TERM, SUBJECT TO THE AVAILABILITY OF FUNDS; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT AND ANY EXTENSIONS, RENEWALS, OR AMENDMENTS, IN A FORM ACCEPTABLE TO GENERAL COUNSEL, BETWEEN TANDOC AND THE CRA FOR SAID PURPOSE; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. 2. OMNI CRA RESOLUTION 18635 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED AGGREGATE PRINCIPAL AMOUNT OF $150,000,000 REDEVELOPMENT REVENUE BONDS, SERIES 2026 FOR THE PRINCIPAL PURPOSE OF FINANCING CERTAIN REDEVELOPMENT PROJECTS; PROVIDING THAT THE SERIES 2026 BONDS SHALL BE LIMITED OBLIGATIONS OF THE ISSUER PAYABLE FROM TAX INCREMENT REVENUES AS PROVIDED HEREIN AND MAY BE ISSUED AS TAX-EXEMPT OR TAXABLE BONDS; PLEDGING SUCH TAX INCREMENT REVENUES AND PROCEEDS OF CERTAIN FUNDS AND ACCOUNTS CREATED HEREIN TO SECURE PAYMENT OF THE PRINCIPAL AND INTEREST ON THE SERIES 2026 BONDS; DELEGATING THE AWARD OF THE SALE OF THE SERIES 2026 BONDS TO THE CHAIRMAN; APPOINTING A REGISTRAR AND PAYING AGENT; APPROVING THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT; APPROVING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT; PROVIDING FOR THE RIGHTS, SECURITIES AND REMEDIES FOR THE OWNERS OF THE SERIES 2026 BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. OMNI Community Redevelopment Agency Page 2 Printed on 12/4/2025 OMNI Community Redevelopment Agency Meeting Agenda December 11, 2025 3. OMNI CRA RESOLUTION 18579 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 TO THE CRA 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; ALLOCATING GRANT FUNDS FROM THE CRA'S FISCAL YEAR 2025-2026 BUDGET IN AN AMOUNT NOT TO EXCEED EIGHT HUNDRED TWENTY-FIVE THOUSAND AND 00/100 DOLLARS ($825,000.00) TO TRACKSLAND HOLDINGS LLC, A FLORIDA LIMITED LIABILITY COMPANY ("GRANTEE") FOR AN AFFORDABLE HOUSING REDEVELOPMENT PROJECT, CONTINGENT UPON THE ISSUANCE OF THE CRA'S TAX INCREMENT REVENUE BONDS, SERIES 2026, CONSISTING OF EIGHTEEN (18) TOTAL RESIDENTIAL UNITS, INCLUDING SIX (6) TWO -BEDROOM UNITS AND TWELVE (12) ONE - BEDROOM UNITS, OF WHICH SIX (6) UNITS WILL BE RESTRICTED AT EIGHTY PERCENT (80%) AREA MEDIAN INCOME ("AMI"), AT THE PROPERTY LOCATED AT 1348 NORTH WEST 1ST AVENUE, MIAMI, FLORIDA 33136, WITHIN THE CRA REDEVELOPMENT AREA ("PROJECT"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION, UPON THE PRESENTATION OF INVOICES, SUBJECT TO THE AVAILABILITY OF FUNDING; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A FORGIVEABLE LOAN AGREEMENT, RESTRICTIVE COVENANT, AND ANY ADDITIONAL NECESSARY DOCUMENTS, BETWEEN THE CRA AND GRANTEE FOR THE PROJECT, INCLUDING ANY MODIFICATIONS OR AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; ALL BEING SUBJECT TO THE AVAILABILITY OF FUNDING AND THE RENTS BEING RESTRICTED FOR TWENTY-FIVE (25) YEARS AS MORE PARTICULARLY DETAILED IN THE RESTRICTIVE COVENANT TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. 4. OMNI CRA RESOLUTION 18576 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 TO THE CRA 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 OMNI Community Redevelopment Agency Page 3 Printed on 12/4/2025 OMNI Community Redevelopment Agency Meeting Agenda December 11, 2025 ADVANTAGEOUS TO THE CRA; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2025-2026 BUDGET IN AN AMOUNT NOT TO EXCEED NINE HUNDRED THOUSAND AND 00/100 DOLLARS ($900,000.00) TO HOWARD REALTY PARTNERS, CORP, A FLORIDA CORPORATION ("GRANTEE") TO SUPPORT THE ACTIVATION OF A COMMUNITY VENUE FOR SPORTS, ENTERTAINMENT, AND CULTURAL EVENTS ON A PRIVATELY -OWNED PARCEL OF LAND LOCATED AT THE CORNER OF NORTH EAST 17TH STREET AND NORTH EAST 2ND AVENUE, IDENTIFIED BY FOLIO NUMBER 01-3136-091-0010 ("PROPERTY") WITHIN THE CRA REDEVELOPMENT AREA, CONTINGENT UPON A FULLY EXECUTED LEASE BETWEEN THE PROPERTY OWNER AND GRANTEE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION FROM ACCOUNT NO. 10040.920501.8830000.0000.00000; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A GRANT AGREEMENT BETWEEN THE CRA AND GRANTEE, INCLUDING ANY AND ALL NECESSARY DOCUMENTS AND AMENDMENTS, ALL IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSE STATED HEREIN; ALL BEING SUBJECT TO THE AVAILABILITY OF FUNDING; PROVIDING FOR THE INCORPORATION OF RECITALS AN EFFECTIVE DATE, AND A DATE UPON WHICH THE RESOLUTION WILL HAVE NO FURTHER FORCE OR EFFECT. 5. OMNI CRA RESOLUTION 18636 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE OMNI CRA AND THE CITY OF MIAMI ("CITY") FOR THE ALLOCATION OF FUNDS IN AN AMOUNT NOT TO EXCEED ONE HUNDRED THIRTY THOUSAND DOLLARS ($130,000.00) ("FUNDS"), TO THE CITY FOR COSTS ASSOCIATED WITH IMPROVEMENTS TO EXISTING SIDEWALKS, CURBS AND GUTTERS LOCATED ON THE WEST SIDE OF NORTH EAST MIAMI PLACE & NORTH EAST 14TH STREET MIAMI FLORIDA, WITHIN THE OMNI CRA'S REDEVELOPMENT AREA ("PROJECT"), CONSISTENT WITH THE 2019 REDEVELOPMENT PLAN OF THE OMNI CRA; AUTHORIZING THE ALLOCATION OF FUNDS FROM " OTHER GRANT AND AIDS," ACCOUNT CODE NO. 10040.920501.883000.0000.00000 FOR THE PURPOSE STATED HEREIN; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, FOR SAID PURPOSE, ALL IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AN EFFECTIVE DATE. ADJOURNED OMNI Community Redevelopment Agency Page 4 Printed on 12/4/2025 OMNI Board of Commissioners Meeting December 11, 2025 1.1 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo and Members of the CRA Board r--4k From: Carlos I. Suarez Executive Director Date: November 25, 2025 File: 18575 Subject: Selection of External Auditor Enclosures: 18575 Backup BACKGROUND: On October 1, 2025, the Omni Community Redevelopment Agency ("CRA"), was issued Request for Proposal No. 09-29-2025 ("RFP") for provision of External Audit Services and pursuant to Resolution No. CRA-R-25-0068. On October 15, 2025, one (1) proposal was received in response to the RFP. Subsequently, the proposals were reviewed by Procurement for responsiveness, and both were determined to be responsive. On November 4, 2025, the Audit Selection Committee, chaired by Omni CRA Board Chairman Damain Pardo, convened and reviewed the lone proposal. Per the Committee they reviewed and selected the firm of Richie Tandoc, PA Certified Public Accountant & Consultant as the recommended responsive and responsible bidder. This recommendation would be for an initial term of two (2) years, with three one (1) year renewal options. RECOMMENDATION: Based on the review of the sole proposal received, the Audit Selection Committee of the OMNI Community Redevelopment Agency ("OMNI CRA") hereby recommends approval for the award of a contract to the sole responsive and responsible Proposer, Richie Tandoc, PA {"Tandoc"), pursuant to Request for Proposal ("RFP") External Auditing Services 10-1-2025 for the provision of external audit services. FUNDING: Packet Pg. 5 1.1 The fiscal impact for the initial term would be $29,000. City of Miami Page 2 of 4 File ID: 18575 (Revision:) Printed On: 12/4/2025 Packet Pg. 6 1.1 Trak Omni_ C R A City of Miami Legislation OMNI CRA Resolution {ResNumFull:NoID} OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 18575 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") ACCEPTING THE PROPOSAL RECEIVED OCTOBER 6, 2025, PURSUANT TO REQUEST FOR PROPOSALS ("RFP") NO. 09-29-2025, FROM RICHIE TANDOC, P.A., A FOR PROFIT CORPORATION REGISTERED TO CONDUCT BUSINESS IN FLORIDA ("TANDOC") FOR THE PROVISION OF EXTERNAL AUDITING SERVICES, FOR THE CRA, FOR THE FISCAL YEAR ("FY") 2024-2025 ANNUAL AUDIT, PURSUANT TO SECTION 218.39, FLORIDA STATUTES; FOR AN INITIAL TERM OF TWO (2) YEARS WITH THREE (3) ONE-YEAR RENEWAL OPTIONS, AUTHORIZING AN ALLOCATION IN AN AMOUNT NOT TO EXCEED TWENTY NINE THOUSAND AND 00/100 DOLLARS ($29,000.00) FOR THE INITIAL TERM, SUBJECT TO THE AVAILABILITY OF FUNDS; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT AND ANY EXTENSIONS, RENEWALS, OR AMENDMENTS, IN A FORM ACCEPTABLE TO GENERAL COUNSEL, BETWEEN TANDOC AND THE CRA FOR SAID PURPOSE; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area; and WHEREAS, pursuant to Section 218.391, Florida Statutes, the CRA issued Request for Proposals ("RFP") No. 09-29-2025, to obtain proposals from experienced and qualified firms for the provision of external auditing services for Fiscal Year ("FY") 2024-2025; and WHEREAS, on all October 15, 2025, all responses were due to be submitted to the CRA; and WHEREAS, the CRA received one response to RFP No. 09-29-2025 prior to the October 15, 2025 deadline; and WHEREAS, on November 4, 2025, the Auditor Selection Committee ("Committee") of the CRA, convened to discuss and evaluate the response, and a consensus was reached by the Committee, pursuant to the guidelines established within the RFP, to recommend to the Board of Commissioners of the CRA to accept and enter into an agreement with Richie Tandoc, P.A., a for profit Corporation, registered to conduct business in Florida ("Tandoc"), the sole responsive and responsible proposer; and WHEREAS the Board of Commissioners of the CRA wishes to accept the Committee's recommendation and accept the proposal from Tandoc, pursuant to RFP No. 09-29-2025 for the provision of external auditing services for FY 2024-2025, pursuant to Section 218.39, Florida Statutes for the CRA; and City of Miami Page 3 of 4 File ID: 18575 (Revision:) Printed On: 12/4/2025 Packet Pg. 7 1.1 WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further CRA's redevelopment goals and objectives; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals and findings contained in the Preamble to this Resolution are approved by reference and incorporated as if fully set forth in this Section. Section 2. The Proposal received October 6, 2025, pursuant to RFP. No. 09-29-2025, from Tandoc for the provision of external auditing services, for the CRA, for the FY 2024-2025 annual audit, pursuant to Section 218.39, Florida Statutes is hereby accepted. Section 2. The Board hereby awards a contract for external auditing services to Tandoc, as the sole responsive and responsible proposer pursuant to RFP No. 09-29-2025, for an initial term of Two (2) years with Three (3) one-year renewal options. Section 3. The Executive Director is hereby authorized to allocate an amount not to exceed Twenty Nine Thousand and 00/100 Dollars ($29,000.00) to Tandoc for said purpose for the initial term, subject to the availability of funds. Section 4. The Executive Director is hereby authorized to negotiate and execute an agreement and any extensions, renewals, or amendments consistent with the terms of this Resolution and RFP. No. 09-29-2025, in a form acceptable to General Counsel, between the CRA and Tandoc for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: X. ORGE. WYSON'- III. ENERAL COUNSEL City of Miami Page 4 of 4 File ID: 18575 (Revision:) Printed On: 12/4/2025 Packet Pg. 8 1.1.a CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM Chairman and Board Members DATE: November 19, 2025 Omni Community Redevelopment Agency Carlos I Suarez Executive Director Omni CRA Recommendation: SUBJECT Recommendation to Award a Contract for External Audit Services REFERENCES: Request for Proposals External Audit Services 09-29-2025 ENCLOSURES: Based on the review of the sole proposal received, the Audit Selection Committee of the OMNI Community Redevelopment Agency ("OMNI CRA") hereby recommends approval for the award of a contract to the sole responsive and responsible Proposer, Richie Tandoc, PA ("Tandoc"), pursuant to Request for Proposal ("RFP") External Auditing Services 10-1-2025 for the provision of external audit services. Background: On October 1, 2025, the Omni Community Redevelopment Agency ("CRA"), was issued Request for Proposal No. 09-29-2025 ("RFP") for provision of External Audit Services and pursuant to Resolution No. CRA-R-25-0068. On October 15, 2025, one (1) proposal was received in response to the RFP. Subsequently, the proposals were reviewed by Procurement for responsiveness, and both were determined to be responsive. On November 4, 2025, the Audit Selection Committee, chaired by Omni CRA Board Chairman Damain Pardo convened, and reviewed the lone proposal. Per the Committee is review and selected the firm of Richie Tandoc, PA Certified Public Accountant & Consultant as the recommended responsive and responsible bidder. This recommendation would be for an initial term of two (2) years, with three one (1) year renewal options. Fiscal Impact: The fiscal impact for the initial term would be $29,000. I hereby recommend award of a contract to Richie Tandoc PA. APPROVED: Date cc: Domini Gibbs-Sorey, Assistant City Attorney Yadissa A. Calderon, CPPB, FCCM, Assistant Director of Procurement Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 9 1.1.a Omni CRA November 19, 2025 Omni Redevelopment District Community Redevelopment Agency Attn: Board of Commissioners of the Omni Community Redevelopment Agency RE: RECOMMENDATION OF THE AUDITOR SELECTION COMMITTEE FOR RFP NO. 09- 29-2025 — EXTERNAL AUDIT SERVICES As Chair of the Auditor Selection Committee ("Committee") for the above services for the Omni Redevelopment District Community Redevelopment Agency ("CRA"), I share the findings and recommendation of the Committee. The CRA issued RFP No. 09-29-2025 for External Audit Services on October 1, 2025, and the one (1) response received on October 6, 2025, prior to the October 15, 2025 deadline was deemed responsive. The Committee, appointed by the CRA Board of Commissioners ("Board"), met on November 4, 2025, and was comprised of: 1. Chairman Damian Pardo (Chair) 2. Erica T. Paschal (Member) 3. Larry M. Spring (Member) Following discussion, evaluation and deliberation of the proposal received, the Committee recommends the following: Richie Tandoc, P.A. Should contract negotiations fail with the top ranked firm, the Committee recommends the CRA reissue the RFP. Upon successful contract negotiations, the recommendation from the Executive Director to the Board, seeking permission to authorize and execute a written agreement will be presented at a future meeting to be scheduled at a later date. Reg Chi amian Pardo, cc: CRA Board of Commissioners Omni Community Redevelopment Agency • Damian Pardo, Chairman • Carlos Ignacio Suarez, Executive Director 1401 N. Miami Ave. Miami, FL 33136 • www.omnicra.com • 305.679.6868. 305.679.6870 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 10 1.1.a X TAvidvc, TA. Cerfified yablic Accoawtawt L Cowsrnl+awt 13453 Sw 105" Ave, Miami, 'Florida 331% / T. (305)128 2502 October 6, 2025 Ms. Isiaa Jones Executive Director Omni Community Redevelopment Agency 1401 N Miami Avenue, 2nd Floor Miami, Florida 33136 Dear Ms. Jones: In accordance with RFP No. RFP 09-29-25 to provide External Auditing Services to the Omni Community Redevelopment Agency of the City of Miami, enclosed is one (1) bound original and one (1) bound copy of our proposal for your evaluation. Very trul ours, Richie Tn doir, P.A. Richi C. Tandoc Partner Enc. as stated Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 11 Proposal To Serve Omni Community Redevelopment Agency In Response to Request for Proposals No. RFP 09-29-25 for: External Auditing Services Due by: 11:00 am, October 15, 2025 Certified 'Pctblic AccoctMita$ t & Covisititemi- Contact: 1.1.a rl Attachment: 18575 Backup (18575 : Selection of External Auditor) Richie C. Tandoc, Audit & Assurance Partner Email: richieCPrtandoc-cpa.com 13453 SW 105`h Avenue Miami, Florida 33176 Tel. (305) 720-2502, ext. 101 Packet Pg. 12 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY TABLE OF CONTENTS Pages Transmittal Letter / Executive Summary 1 Proposer's Qualifications and Experience Organizational Structure and History 3 Firm Partners and Professionals 3 Relevant Audit Experience 4 References 4-5 Proposed Engagement Team 5-8 CPA Licenses 8 Continuing Professional Education Program 9 Ability and Capability to Perform Required Services Location of Offices 10 Audit Approach and Work Plan 10-13 Tentative Timetable 13 Recent, Current and Projected Workload 13-14 Quality Control Program 14 Desk Reviews 14 Understanding of the Services Required 14-15 Current Developments of GASB and FASB Pronouncements 15 Independence 15 Litigation / Disciplinary Action 16 Fees for Services Cost of Services 17 Additional Professional Services 17 Appendix A: Required Form and Documents 'Riche Tavidoc, P.A. ,Ci hfit4 IsIVA.: 1.1:401NtAti, b Co.MM!tAilt ion of Externa m U) 18575 Backup (18575 Packet Pg. 13 TRANSMITTAL LETTER / EXECUTIVE SUMMARY Packet Pg. 14 kLAKNO ao 'RicTinv106c, "P.A. Certified Yublic Accouvitavit d, Coasulta+lt 13453 Sw 105* AVc, pbrida 331% / T. (3D5)1W-2502. October 6, 2025 Evaluation Committee Omni Community Redevelopment Agency 1401 N Miami Avenue, 2nd Floor Miami, Florida 33136 RE: Proposal to Provide External Auditing Services Dear Members of the Evaluation Committee: Richie Tandoc, P.A. is pleased to have the opportunity to submit a proposal to provide annual audit services to Omni Community Redevelopment Agency (the "Agency") for the fiscal years ending September 30, 2025 and 2026, with an option to renew for three (3) additional one-year periods. Richie Tandoc, P.A. is committed to providing value-added and quality services to the Agency, combining the responsive personal contact associated with a smaller firm and the sophisticated professional resources of a larger firm. As leaders in servicing governmental and non-profit entities, Richie Tandoc, P.A. is fully qualified to provide audit services to the Agency. We strive to exceed the expectations of our clients, with a commitment to total quality service. Translating our experience and resources into effective and efficient value-added services to the Agency is our highest priority, which is why we believe we are best suited to be part of your professional team. The task that the Agency faces in selecting a firm to provide audit services is not an easy one. Our goal in this proposal is to present those characteristics that distinguish us as the team best suited to serve the Agency. Understanding of the Work and Ability to Perform Based on the team's knowledge and experience gained in serving governmental and non-profit entities for over three decades, more specifically the experience that we've gained having been the auditors for the Agency for many years (when our team was part of SKJ&T and PAAST), as well the experience gained having been auditors for other governmental organizations similar in size to the Agency, the team at Richie Tandoc, P.A. has a clear understanding and ability to provide the scope of services requested. as more thoroughly described throughout this proposaL Committed to Serving Governmental and Non -Profit Entities Although Richic Tandoc, P.A. has only recently begun operating as a CPA firm, the team at Richie Tandoc, P.A. has been in the business of serving governmental and non-profit entities for over 30 years (previously as part of PAAST, P.L. and SKJ&T, LLP). Richie Tandoc, P.A. strives to maintain its objectives in the rendering of services of the highest quality with local firm attentiveness to all of its governmental and non-profit clients. R.ichie Tandoc, P.A.'s professionals, from entry-level accountants, to the managers, and to the partner, are trained to understand the issues and meet the needs of governmental and non- profit entities. Page 11 1.1.a Packet Pg. 15 Our professionals bring a comprehensive understanding of the issues that face governmental and non- profit entities as well as "bench strength" at all levels, allowing us to respond swiftly and effectively to your evolving needs. Your proposed engagement team consists of the following supervisory professionals: ■ Richie Tandoc, Client Service and Engagement Partner - has 32 years of experience auditing governmental and non-profit organizations; • Jenny Orantes, Engagement Senior Manager - has 25 years of experience auditing governmental and non-profit organizations; and • Danae Garcia, Engagement Supervisor - has 23 years of experience auditing governmental and non-profit organizations. With this team, the Agency can be assured that we are committed to performing the audit services within the timeframe required in the request for proposals. Responsiveness Richie Tandoc, P.A. takes pride in responding to the needs of its clients. This responsiveness is not only demonstrated by committing to performing our services within the timeframe required, but in responding to other requests as well. Our ability to be responsive will be enhanced by the open communications and excellent working relationship that we hope to continue to develop with the Agency. We look forward to hearing from you and to working with the Agency. As a Partner of Richie Tandoc, P.A., I am the Agency's primary contact and I am duly authorized to make representations for, and bind, the Firm. I can be reached directly at (305) 720-2502, ext. 101 or at richie@rtandoc-cpa.com. Sincerely. Richie Tgndoc, P.A. ichic C. Tandoc Audit & Assurance Partner Page 12 Packet Pg. 16 PROPOSER'S QUALIFICATIONS AND EXPERIENCE =a a ion of Externa TD 18575 Backup (18575 E 4- a Packet Pg. 17 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Organizational Structure and History Richie Tandoc, P.A. (the "Firm") was originally founded and incorporated on March 1, 2017, but was originally a member/owner of SKJ&T, LLP and PAAST, P.L. certified public accounting firms, for over two decades. Elective _July 16, 2025, Richie Tandoc, P.A. separated from PAAS 1, P.L. ariLl began operating full-time as its own certified public accounting firm. In addition. all of the governmental audit professionals from MAST, P.L. have joined Richie Tandoc, P.A. As such, the Firm will continue to provide professional services to its governmental and non-profit clients, including accounting/bookkeeping, auditing, consulting, and other assurance and advisory services. The Firm's audit and assurance practice (which consists of accounting, compilations, reviews, audits, consulting and other advisory services) is composed 70% of engagements in the governmental and non-profit industries, and 30% in the commercial industry, including investments, construction, manufacturing, distribution, import/export, retail, and services fields. Richie Tandoc, P.A. is a member of the American Institute of Certified Public Accountants Private Companies Division for CPA firms. Richie Tandoc and all eligible employees are members of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants, and are in good standing with such Institutes. In addition, two of the members on the assigned engagement team are Certified Fraud Examiners, and are members of the Association of Certified Fraud Examiners. In addition, the audit team in this proposal have been the auditors for the Agency since 2003, as well as the subcontract auditors for the City of Miami since 2004, when the team was part of SKJ&T and PAAST. Firm Partners and Professionals Richie Tandoc, P.A. is considered a local CPA firm, and consists of the following owner/partner: Years of Experience Richie Tandoc, Audit & Assurance Partner 32 In addition to the Partner above, the Firm consists of 7 other audit professionals composed of the following: Number of Personnel Audit Professionals: Managers/Supervisors 3 Staff 4 Total 7 Page 13 1zicliie Tmodoc, ?A. -'c., .•cA ��bF1 iJ:a.m�tn,r .i ::nr.pdt:an� Selection of Externa 18575 Backup (18575 Packet Pg. 18 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Relevant Audit Experience To succeed in today's competitive and highly complex marketplace, a company's business acumen and professional talents must be distinguished from the masses. We take pride in our ability to provide clients with the array of experience and the depth of resources they require. Our audit professionals have substantial experience in auditing governmental and non-profit entities in accordance with auditing standards generally accepted in the United States of America, Audits of Not -for -profit Organizations, Government Auditing Standards, OMB Uniform Guidance (i.e. Federal Single Audits), Chapter, 10.650 and 10.550, Rules of the Auditor General (i.e. State Single Audits) and the preparation of financial statements in accordance with such standards, and FASB and GASB pronouncements, statements and interpretations, where applicable. In addition, Richie Tandoc, P.A. is a member of the AICPA's Not -for -Profit Section the Government Finance Officers Association and the Florida Government Finance Officers Association. The following is a select list of governmental and non-profit audits that the proposed audit team at Richie Tandoc, P.A. have worked on in the last five years (special districts and special purpose governments are highlighted in red): Governmental and Non -Profit Financial Statement and Single Audits Alzheimer's Association SE Fl. Chapter, Inc. • Bacardi Family Foundation, Inc. • Boynton Beach Community Red. Agency • Broward Housing Solutions, Inc. • Catholic Charities Legal Services, Inc. ■ City of Hialeah, Florida • City of Miami, Florida ■ City of Miami Midtown CRA • City of Miami Omni CRA • City of Miami SE Overtown Park West CRA • Coconut Grove Business Improvement District • CubaNet News, Inc. • First Call For Help of Broward, Inc. • Florida Rising, Inc. / Florida New Majority, Inc. • Florida Rising Together, Inc. / Florida New Majority Education Fund, Inc. ■ Kristi House, Inc. • ■ • w ■ • Foundation For Human Rights in Cuba, Inc. d�rncrrt District • Miami Homes for All, Inc. • Miami -Dade County Aviation Department ■ Miami -Dade County General Segment ■ Miamm-Uacic county induscrrai Lkv. Authority Miami -Dade Expressway Authority Miami -Dade Transit worts & Ex1- ' Authority Miami Workers Center, Inc. Ophthalmology Research Foundation, Inc. Outreach Aid to the Americas, Inc. School Board of Miami -Dade County School District of Palm Beach County Washington Avenue Business Imp. District West Villages Improvement District Wynwood Business Improvement District References The following is a select list of engagements similar in scope of services to those requested in the RFP, with applicable contact information, performed by the proposed engagement team members within the last five years: SEOPW CRA and Omni CRA (Component Units of the City of Miami) Description of work: Financial statement audit and agreed- uponprocedures Duration: Fiscal years 2003 2024 Contact: Miguel Valentin, Finance Officer 819 NW 2nd Ave, 3rd Floor, Miami, FL 33136 Tel: (305) 679.6810 i Email: mavalentin(miamigov.com Value of the contract: S57,000 per year (for two CRAs) Page 14 Qp �IG'/lle Tav c bc, Cr:T.16c417:lr17 a ion of Externa m 0) 18575 Backup (18575 t 4- a Packet Pg. 19 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Coconut Grove Business Improvement District (A Component Unit of the City of Miami) Description of work: Financial statement audit Duration: Fiscal years 2013 - Present Contact: Mark Burns, Executive Director 3250 Mary St. #305, Coconut Grove, FL 33133 Tel: (305) 461-5506 / Email: mark@grovebid.com Value of the contract: $10,000 per year Lincoln Road Business Improvement District Description of work: Financial statement audit Duration: Fiscal years 2018 - Present Contact: Anabel Llopis, Executive Director 1620 Drexel Ave, Suite 100, Miami Beach, FL 33139 Tel: (305) 600-0219 / Email: anabel@lincolnrd.com Value of the contract: $12,000 per year Boynton Beach Community Redevelopment Agency (A Component unit of the City of Boynton Beach) Description of work: Financial statement audit and single audit (2011 only ) Duration: Fiscal year 2008 - Present Contact: Vicki Hill, Finance Director 100 E. Ocean Ave, Boynton Beach, FL 33435 Tel: (561) 600-9092 / Email: HillV@bbfl.us Value of the contract: $21,000 per year Miami -Dade County Industrial Development Authority Description of work: Financial statement audit Duration: Fiscal years 2021- Present Contact: Amanda Llovet, CFO 80 SW 8th St, Suite 2801, Miami, FL 33130 Tel: (305) 579-0070 / Email: allovet@mdcida.org Value of the contract: $23,000 per year Proposed Engagement Team In order to fulfill our commitment to the District, we have structured the proposed engagement team to be responsive to your needs, consisting of professionals with the skills and experience in dealing with the issues you face. We will not k ill any sub -consultants on this et Below are the resumes of the proposed engagement team members. Richie Tandoc, CPA, CFE Client Service. cl- Engagement Partner Responsibilities Richie will serve as the primary contact for management to ensure open and effective channels of communication. His responsibilities include keeping abreast of important developments concerning issues that would directly affect the District; coordinating the total services to be provided through continuous communication with members of the engagement team; determining the content of the reports to be issued; ascertaining that professional standards have been complied with throughout the engagement; and directing and controlling the efforts of all personnel on the engagement. Page 15 �ILV11�° Tavidb&, 7,701. Ccri,!.e4i ?'I(rV.(a itrao 6=of5.1It h 0 1 iFS RS c 0 X W 0 c 0 1 0 0 u, ti u, co a is It) ti o Attach men Packet Pg. 20 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Resume Richie is a Certified Public Accountant and Certified Fraud Examiner with over 32 years of experience providing audit services to governmental and non-profit clients. Richie specializes in providing services specifically to: non-profit organizations, including charitable, religious and educational organizations and foundations, community social welfare organizations, and business leagues; and governmental organizations, including state and local governments, special districts, and special-purpose governmental organizations. He also specializes in performing Federal and State Single Audits for governmental and non-profit organizations in accordance with Government Auditing Standards, OMB Uniform Guidance and Chapter, 10.650 and 10.550, Rules of the Auditor General, respectively. Richie stays current with topics relating to accounting and auditing, and more specifically, in the government and non-profit industries, by frequently attending local, state and national training seminars and conferences provided by the American Institute of Certified Public Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Richie is compliant with the Yellow Book requirements for CPE. Prior to starting Richie Tandoc, P.A., Richie was a Partner with SKJ&T, LLP/PAAST P.L. for 22 years, and prior to that, he was a Senior Manager with KPMG for 8 years. During his time at KPMG, Richie completed a 2-year audit rotation in KPMG's London, England office. Education: • Pachc.lorof Accounting, Florida International University • \kstcrofAccounting, Florida International L nivcrsity Professional and Business Affiliations: • Certified Public .Accountant, Florida • Ccrtificd Fraud Examiner, .ACFE • Member, .Association of Certified Fraud Examiners • \(ember, .American Institute of CPAs • \lcmbcr, Government Finance Officers .Association • \fcmbcr, Florida Government Finance Officers ,Association • Alumni, Florida International University • \fcmhi -and Ca Choir, L'nitcd \\'ay of liami Dade County Agency Audit Committee • \icmbcr, L nitcd \\'av of \lianll Dada Count- Community Impact Committee • Board \fcmbcr, Early Learning Coalition of \liami Dade \ ion roc • Member, Early Learning Coalition of Miami Dade \lonroe Finance Committee • \fcnbcr, FICP.AAudit Committer Richie has provided services to a wide range of governmental clients including, amongst others: Boynton Beach Community Redevelopment Agency; City of Coral Springs; City of Hialeah; City of Miami; City of Miami Community Redevelopment Agencies; City of Pompano Beach; Coconut Grove Business Improvement District; Florida Department of Environmental Protection; Lincoln Road Business Improvement District; Miami -Dade County; Miami -Dade Expressway Authority; Miami -Dade County Industrial Dev. Authority; School Board of Miami -Dade County; School Dist;-, t of Palm Beach County; Washington Avenue Business improvement District. West Villages improvement District; and Wynwood Business Improvement District. Page 16 Richie Taindoc, icy nnu%Tttb1'C iv':am I, • s 0 1 RS c 0 X w 0 c 0 0 0 0) u, ti u, co a RS m it) ti co Attach men Packet Pg. 21 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Jenny Orantes, CFE Engagement Senior Manager Responsibilities Jenny will be responsible for developing and coordinating the overall audit work plan under the direction of the client service partner. Her responsibilities also include supervising staff personnel, coordinating the day-to-day audit fieldwork with the Supervisor, and performing an in-depth review of all pertinent work papers and reports. Jenny will also be responsible for coordinating the completion of the audit and the preparation of the reports; and for bringing to the attention of the client service partner any technical and sensitive issues, and potential solutions to such. Resume Jenny is a Certified Fraud Examiner with over 25 years of experience providing audit services to governmental and non-profit clients. Prior to the joining Richie Tandoc, P.A., she spent her entire public accounting career at SKJ&T/PAAST, P.L., rising to the level of Senior Manager. She has substantial experience in auditing governmental and non-profit entities in accordance with Government Auditing Standards, auditing federal and state grants in accordance with OMB Circular A-133/Uniform Guidance and Rules of the Auditor General of the State of Florida. Jenny stays current with topics relating to accounting and auditing, and more specifically, in the government and non-profit industries, by frequently attending local, state and national training seminars and conferences provided by the American Institute of Certified Public Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Jenny is compliant with the Yellow Book requirements for CPE. Jenny has provided services to a wide range of government clients including, amongst others: Boynton Beach Community Redevelopment Agency; City of Coral Springs; City of Miami Community Redevelopment Agencies; Coconut Grove Business Improvement District; Florida Department of Environmental Protection; Miami - Dade County; Miami -Dade County Aviation Department; Miami Beach Housing Authority; School Board of Miami -Dade County; School District of Palm Beach County; and Wynwood Business Improvement District. Education: • Bcrchclorof Accounting, Florida International University • fusty,- of Accolinting, Florida International University Professional and Business Affiliations: • Certified Fraud Examiner, ACFE • \lcmhcr, .Association of Ccrtificd Fraud Examiners • .-issociatc Member, .-\mcrican Institute of CPAs • 4.ssociatc\icmbcr, Florida institute of CPAs • Member, Gov't Finance Officers .Association • \lcmhcr, Florida Gov't Finance Officers Association • .Alumni, Florida International L niversity • Formcr \ Icmhcr, United Way of \liami Dade County .Agency Audit Committee Page 17 'licili.e Tamdoc, C. nce9 r. k'I ( Areomiraut 6 im.s..lranr 0 1 c 0 x w 0 c 0 a) m 0) 18575 Backup (18575 Attach men Packet Pg. 22 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Danae Garcia Engagement Supervisor Responsibilities Danae will assist in the planning of the audit; allocate audit tasks to staff and direct the day-to-day performance of the plan; will be under the supervision of the client service partner and senior manager; supervise audit staff and oversee daily progress of the engagement; communicate with the senior manager regarding the progress of the audit; review all workpapers and reports; and identify any technical issues to be discussed with the senior manager. Resume Danae has over 23 years of experience providing audit services to governmental and non-profit clients. Prior to the joining Richie Tandoc, P.A, she spent her entire public accounting career at SKJ&T/PAAST, P.L., rising to the level of Supervisor. She has substantial experience in auditing governmental and non-profit entities in accordance with Government Auditing Standards, auditing federal and state grants in accordance with OMB Circular A-133/Uniform Guidance and Rules of the Auditor General of the State of Florida. Danae stays current with topics relating to accounting and auditing, and more specifically, in the government and non-profit industries, by frequently attending local, state and national training seminars and conferences provided by the American Institute of Certified Public Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Danae is compliant with the Yellow Book requirements for CPE. Education and Professional Affiliations: • Bachelor of.-lccomuin , Florida International University • Currently studying for the Certified Fraud Examiners exam • .Associate \ (ember, ,AICPA .Associate\Icmbcr, FICP.-1 .-Altman, Florida International University Danae has provided services to a wide range of government clients including, amongst others: Boynton Beach Community Redevelopment Agency; City of Miami; City of Miami Community Redevelopment Agencies; Coconut Grove Business Improvement District; Lincoln Road Business Improvement District; Miarni-Dade County; Miami -Dade County Industrial Dev. Authority; School Board of Miami -Dade County; School District of Palm Beach County; Virginia Key Beach Park Trust; Washington Avenue Business Improvement District; West Villages Improvement District; and Wynwood Business Improvement District. CPA Licenses As mentioned previously, Richie Tandoc, P.A. is licensed as a CPA Firm by the State of Florida Board of Accountancy and is and has been in good standing with the State Board. In addition, the Engagement Partner, Richelle Tandoc ("Richie"), is also certified by the State of Florida Board of Accountancy, and is in good standing with the State Board. Sec copies of CPA licenses at Appendix A to this proposal. Page 18 �Ricl�ie Tavidoc, ?,A, Ccrh{ud Pert Auau -av 4. Canuslrn* 0 iES RS L 0 X w 0 c 0 0 0 0) u, ti u, co a RS u, ti o Attach men Packet Pg. 23 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Continuing Professional Education Program Richie Tandoc, P.A. requires that all professional staff receive, at a minimum, 40 hours of continuing professional education (CPE) each year, which includes governmental and non-profit accounting and auditing courses. Consequently, we provide in-house seminars, as well as attend externally provided seminars and conferences in order to meet the required 40 hours of CPE. As a result, our professional staff meet the CPE requirements promulgated by the American Institute of Certified Public Accountants (which requires 80 hours in a two-year period, with at least 20 hours in accounting and auditing courses and 4 hours in ethics). In addition, as part of Richie Tandoc, P.A.'s CPE requirement, all professional staff attend a minimum of 20 hours of government accounting and auditing CPE training each year. This allows our professional staff to exceed the CPE requirements promulgated by Government Auditing Standards (which requires 24 hours of government accounting and auditing courses within a two-year period). Richie Tandoc, P.A. affirms that all professionals assigned to the audit engagement have properly maintained the CPE requirements in accordance with the rules promulgated by the American Institute of Certified Public Accountants and Government Auditing Standards. Page 19 `Ricl�ie Tawdoc,1.d\. ;c n{ic i TAG9y pttamtanr G 1m�5.dr;4i r a ion of Externa m co 18575 Backup (18575 Packet Pg. 24 1.1.a T ABILITY AND CAPABILITY TO PERFORM REQUIR ERVICES 0 1 RS 0 X W 0 0 1 0 0 r- I co 0. RS I o Attach men Packet Pg. 25 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Location of Office The address of Richie Tandoc, P.A.'s office from which the Agency's audit will be conducted is 13453 SW 105th Ave, Miami, Florida 33176. All Richie Tandoc, P.A. professionals that will be utilized on the audit engagement are located at this office. The Firm's office is located outside of the City of Miami in Unincorporated Miami -Dade County. See copy of the Firm's Occupational License (i.e. Local Business Tax Receipt) in the Appendix to this proposal. Audit Approach and Work Plan Richie Tandoc, P.A.'s approach to the audit involves measured planning of all activities and identifying key people and significant audit issues early in the process. The Firm believes that this approach represents a common sense, understanding and basic method for conducting an efficient engagement. A significant element of this approach will be the team of professionals highly experienced in servicing entities of similar size and complexity. Richie Tandoc, P.A.'s standard practice is to have the entire audit team, including the Partners, Director, Managers, and Supervisors/Seniors, involved in all aspects of the audit process. Being a small Firm, Richie Tandoc, P.A. prides itself on the exceptional client service we provide and the amount of involvement of our Partner and Managers in our audit and consulting engagements. Our Partner and Managers are generally at the client's site, at a minimum, two to three times a week. In order to perform the audit in the most efficient and effective manner possible, the audit, and involvement of each professional, will be conducted in the following four phases: SEOPW COMMUNITY REDEVELOPMENT AGENCY Page 110 6© Riche Tandoc, P.,. . �•:r! i'.+k'�r K[am+.a!+b Caen.'.*n::• a ion of Externa m U) 18575 Backup (18575 m E 4- r a Packet Pg. 26 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Phase I — Audit Planning The initial phase of the audit will be planning. Adequate planning ensures prompt completion of all auditing and reporting requirements and close coordination to provide our services in the most efficient basis. The initial stage will commence at the earliest available time following our selection as auditors. Richie Tandoc, P.A. will make a detailed preliminary review of the financial and accounting operations. This will allow the auditors to identify at an early stage any known accounting, auditing or reporting matters to be resolved and anticipate any potential problems from any planned, pending or probable developments. Furthermore, Richie Tandoc, P.A. will be able to assign audit priorities and arrange for assistance and coordination with accounting and audit personnel. After a preliminary review of the financial and accounting operations, Richie Tandoc, P.A. will perform a pre -field work conference with management. The purpose of the conference is to: (1) Establish meeting dates with management to discuss the planned audit approach and engagement status. (2) Schedule dates for client assistance schedules. (3) Identify potential problems and audit priorities. After the meeting with appropriate management officials, Richie Tandoc, P.A. will define the specific engagement objectives. In defining the objectives unique to each assignment, Richie Tandoc, P.A. will review the reliability and integrity of existing systems and preliminarily assess how these procedures and policies meet the engagement objectives. Richie Tandoc, P.A. will then use this accumulated information concerning systems controls to develop a specific approach. At this point, the team will discuss audit program procedures with the staff members to ensure that procedures are appropriate for matters scheduled for audit examination. Emphasis will be given to enhancing audit programs which, when executed, will provide assurance that all procedures are properly carried out and reported on as mandated. Richie Tandoc, P.A. stresses maintaining professional judgment when developing audit programs by focusing on what the professional requirements recommend. Upon completion of developing audit programs, timetables will he re -visited with management to ensure the documents, schedules and reports requested will be provided within stated time frames and assist with monitoring the audit team's progress. Phase II — Interim Fieldwork Compliance Test and Procedures One of the primary differences between auditing in the public and private sectors is the need to test for compliance with laws and regulations in public sector audits. Richie Tandoc, P.A. will plan the audit, where applicable to detect instances of noncompliance with certain provisions of laws, regulations, contract and grants, that could have a material effect on the financial statements. The approach to audit effectiveness for compliance with laws and regulations, include, but are not limited to: • Discussing compliance requirements with Finance personnel and the legal staff to identify areas of particular concern; • Documenting procedures and controls used to monitor compliance; • Identifying events that could lead to instances of potential noncompliance; Page 111 e© "Richie Tomoloc, P, , Ccr +i 4 r i Iic A[tau +a,it 6 ConjNIiaLIT Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 27 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY • Reviewing minutes of the appropriate board meetings; and • Performing additional specific testing as deemed appropriate. Review of Accounting Controls and Test of Transactions During this phase, Richie Tandoc, P.A. will focus on establishing a thorough understanding of administrative and internal accounting controls that relate directly to the accuracy and reliability of financial information. Specifically, Richie Tandoc, P.A. will evaluate how information in the general ledger is compiled, processed and used to prepare financial reports. This evaluation includes both manual and EDP controls. Features relevant to a particular system depend on: • The actual activities and control procedures in effect; • How control procedures are executed and; • How responsibility for their execution is segregated. Controls will be documented, and evidence gathered on the effectiveness of controls through inquiry, observation, inspection of documents, records and reports and re -performance of procedures, for each significant class of transaction to determine the following objectives, where applicable: Authorization Transactions are executed in accordance with management's general or specific authorization. Recording Transactions are recorded as necessary to permit preparation of financial statements in conformity with criteria applicable to such statements and to maintain accountability for assets. Access to Assets Access to assets is permitted only in accordance with management's authorization. Asset Accountability The recorded accountability of assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to differences. Upon completion of our evaluation and test of controls, we will develop preliminary management comments and internal control recommendations, if any. Audit programs will be prepared for the final phase of our audit work that will focus on the areas of audit risk determined in part by the level of reliance placed on internal controls. Thereafter, we expect to begin detailed testing of transactions. Detail tests shall encompass the cash receipts/revenue cycle, disbursements/expenditure cycle, and payroll cycle, at a minimum, to determine compliance with internal controls, guidelines and contractual obligations previously documented. Further, we will begin certain analytical procedures (such as fluctuation analysis, budget versus actual, and ratio analysis, where applicable). Upon the completion of our interim fieldwork, we will review our preliminary findings, if any, with both management and other appropriate staff members, to avert surprises at year-end. Phase III — Year-end Substantive Testing We will begin year-end substantive testing immediately upon the availability of Finance staff and the year-end closing. Based upon the results of interim testing, we will finalize our detailed tests of account balances. Audit programs will be updated to recognize and address concerns that arise during interim testing. Page 112 "Richie Tatiolvc, 'P.A. r.dd•.a rrtonemir ion of Externa a> co 18575 Backup (18575 m E Packet Pg. 28 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY During this phase, we will complete our analytical review of operations and assess the impact of confirmation procedures. Financial statements will be reviewed to ensure compliance with generally accepted accounting principles. Also, we will initiate discussions with management and obtain responses regarding our audit findings and internal control and operational recommendations, if any, and discuss all audit adjustments with the appropriate personnel. Phase IV — Exit Conference and Reporting The audit concludes with an exit conference conducted with representatives of Finance staff and Audit Committee, if applicable. We will formalize responses to all audit findings and internal control recommendations, if any. We will discuss all significant matters noted during our examination with required action plans for corrections. We will then issue final reports, with the approval of management, including our audit reports on the financial statements, the reports on internal control over financial reporting and on compliance and other matters, and the management letter with recommendations to increase efficiency, improve internal controls and enhance operations. Overall, we feel that our audit approach is efficient, effective and beneficial to the Agency because it is designed to provide solutions that are tailored to your specific needs. More importantly, it provides feedback on the operational efficiency behind the financial statements and what might be done to improve them in the future. Tentative Timetable With management's approval, our preliminary timetable for the audit is as follows: Final Reports October November December Once the timetable is agreed and finalized with management of the Agency, Richie Tandoc, P.A. will be committed to completing the audit within the dates specified. Recent, Current and Projected Workload Richie Tandoc, P.A.'s recent and current governmental projects, either as primary contractors or subcontractors, include the City of Miami, Florida (FYE 9/30), Coconut Grove Business Improvement District (FYE 9/30), Lincoln Road Business Improvement District (FYE 9/30), Boynton Beach Community Redevelopment Agency (FYE 9/30), Virginia Key Beach Park Trust (FYE 9/30) and Miami -Dade County Industrial Development Authority (FYE 9/30). Those team members that are assigned to the Agency's audit engagement, and also assigned to the governmental projects listed above, are as follows: Page 113 x `Ric>nie Tavidac, P, , Ccr+l£ed ?:1421t Consul+tort ion of Externa co 18575 Backup (18575 Packet Pg. 29 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Engagement City of Miami, Florida Coconut Grove Business Improvement District Lincoln Road Busines Improvement District Boynton Beach Community Redevelopment Agency Virginia Key Beach Park Trust Miami -Dade County Industrial Development Authority Team Member Assigned Jenny Orantes Jenny Orantes Danae Garcia Jenny Orantes Danae Garcia Danae Garcia We do not project obtaining any additional governmental engagements in the next year. We have had the contracts listed above for several years, and have never had any issues in completing the Agency's audit within the timeframe required. If we are awarded the Agency's audit contract once again, we do not anticipate having any issues going forward with our scheduling. Quality Control Program Since Richie Tandoc, P.A. officially started operating as a CPA firm on July 16, 2025, we are not yet required to have a peer review performed. Our peer review is required after 18 months of operations. However, since the audit team at Richie Tandoc, P.A. is the same team that performed all of the government audit engagements at SKJ&T, LLP and at PAAST, P.L. we have included the most recent external peer review reports for both of those firms at Appendix A to this proposal. The scope of the reviews included government, non-profit and for -profit engagements. Desk Reviews Richie Tandoc, P.A. has not had any federal or state desk reviews of its audits. Understanding of the Services Required Richie Tandoc, P.A. has the ability and capability to perform all the services required in the RFP, based on our experience in auditing the Agency and in performing similar services, and our knowledge of and expertise in state and local government accounting and auditing. In addition, we would be available to perform any additional work upon the Agency' request and approval by the Board. We understand the scope of work includes an audit of the Agency' basic financial statements, in accordance with: • Chapter 218, Florida Statutes; • Section 216.349, Florida Statutes • Chapter 163, Florida Statutes; • Rules of the Auditor General of the State of Florida, Chapters 10.550; • Audits of State and Local Governments, issued by the A CPA; • Generally Accepted Auditing Standards; • Government Auditing Standards, issued by the Comptroller General nnf the L nited States; • Generally Accepted Governmental Accounting Standards; and • Any other applicable federal, state, local regulations or professional guidance not specifically listed above, as well as any additional requirements, which may be adopted by theses organization in the future. Page 114 x Rich Tatvioc, "F. . C .•tr e9 71btr Ar0410111:r a ion of Externa a) u7 18575 Backup (18575 Packet Pg. 30 1A.a OMNI COMMUNITY REDEVELOPMENT AGENCY In addition, if a Federal and/or State Single Audit is required, such audits will also be performed in accordance with: ■ Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); ■ United States Single Audit Act of 1984, and Amendment of 1996; • State of Florida Single Audit Act; • Executive Office of the Governor's State Projects Compliance Supplement; and • Chapter 10.550, Rules of the Auditor General. Our understanding of the reports to be issued for the Agency, include: • Report on the fair presentation of the basic financial statements; • Report on compliance with laws, rules and regulations and other matters and internal control over financial reporting based on an audit of the financial statements; • Management letter in accordance with "Rules of the Auditor General"; and • If deemed applicable, Federal and/or State Single Audit Reports. Current Developments of GASB and FASB Pronouncements In addition to the CPE courses that our professional staff attends throughout the year, there are a multitude of other venues we use in order to keep abreast of current accounting, auditing, and financial reporting issues, including: ■ An annual subscription to the FASB to receive Accounting Standards Updates, Implementation Guides, Exposure Drafts, Discussion Memorandums, Invitations to Comment, Proposed Technical Bulletins, and research reports, in addition to an on-line subscription to the FASB Codification. ■ An annual subscription to the GASB to receive Statements, Interpretations, Implementation Guides, and Technical Bulletins. • An annual subscription to the AICPA to receive Professional Standards, Technical Practice Aids, Audit and Accounting Guides, Audit Risk Alerts, and Accounting Trends and Techniques. • An annual subscription to the PPC to receive the most current audit and accounting programs for governmental entities. • Annual membership to the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants • Annual membership to the Government Finance Officers Association and the Florida Government Finance Officers Association (and attendance to annual conferences). As we become aware of any accounting, auditing, or financial reporting issues relevant to our clients, we will immediately inform our clients and assist them in answering any questions regarding adopting, implementing, and/or resolving such issues. Independence Richie Tandoc, P.A. and all of its professionals are independent of the Agency, the City of Miami, and any other related agency, as defined by generally accepted auditing standards issued by the American Institute of Certified Public Accountants and the U.S. General Accounting Office's, Government Auditing Standards. Page 115 �'ich e Tavic oc, 'P.A. CCl h}1L(1 1.AM r nrcauitmr,r S emrvdtmir Attachment: 18575 Backup (18575 : Selection of External Auditor) 1.1.a T OMNI COMMUNITY REDEVELOPMENT AGENCY Litigation / Disciplinary Actions There has been no litigation involving Richie Tandoc, P.A., its partners, its professionals or any of its other employees. In additions, there have been no disciplinary actions taken or pending against Richie Tandoc, P.A. or any of its professional staff with state regulatory bodies or professional organizations, or where a court or any administrative agency has ruled against our professional activities or performance. Page 116 CO ®© `Richie Tavrdoc, 7.A. Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 32 1.1.a ion of Externa m m N 18575 Backup (18575 a) E t Qr Packet Pg. 33 1.1.a OMNI COMMUNITY REDEVELOPMENT AGENCY Cost of Services Audit of the Basic Financial Statements Our proposed fees reflect and include the objectives and scope of services requested in the RFP. Richie Tandoc, P.A.'s policy is to estimate fees at amounts that are highly competitive, but will also enable us to respond to your needs and provide the quality of service that an organization the size and complexity of the Agency require. In general, our fees are based on the level of experience and training of the individuals assigned, as detailed in our proposal. Richie Tandoc, P.A.'s proposed flat fee for the audit of the basic financial statements of the Agency for the fiscal years ending September 30, 2025 and 2026 are as follows: Year Ending Sept. 30, Proposed Fee 2025 $14,500 2026 $14,500 If significant additional time is necessary to complete the audit as a result of unforeseen and uncontrollable circumstances, we will immediately discuss it with management and arrive at a new estimate prior to incurring additional costs. Single Audit Based on our previous experience with the Agency, a Federal or State Single Audit is not required. However, if a single audit is ever required, the proposed fee is $4,800 for the first major program, and an additional $2,400 for each additional major program. Additional Professional Services If the Agency request any additional services outside the scope of the audit, then such additional work shall be performed only upon a written agreement between the Agency and Richie Tandoc, P.A. Any such additional work agreed to between the Agency and Richie Tandoc, P.A. shall be performed at a blended rate of $110 per hour. Services outside the scope of the audit may include those services that would not impair our independence as your auditors, such as certain agreed -upon procedures, tax -related research and inquiries, and certain other financial consulting services. Page 117 CIO �iclnie Tavidot, P.A. 7.t1 f.f rY[auM+.a 6 : c. .i Selection of Externa 18575 Backup (18575 co Packet Pg. 34 1.1.a APPENDIX A: REQUIRED FORMS AND DOCUMENTS 0 z Selection of Externs CO 0. Ca 11) CO 4- c E co 4- a Packet Pg. 35 1.1.a Omni CIA Submitted With Proposal 6.1 RFP Information Form This form must be completed, signed, and returned with Proposal YES X 6.2 Certificate of Authority To be completed, signed and returned with Proposal YES X 6.3 Indemnity/Insurance Requirements Acknowledgement of receipt of information on the insurance YES X requirements for this RFP. (must be signed) 6.4 Debarment and Suspension Certificate (must be signed) YES X 6.5 Copy of Proposer's Occupational License YES X 6.6 Proposer's Affirmative Action Policy YES X 6.7 Proof of current M/WBE certification by City of Miami YES N/A (if applicable) 6.8 Conflict of Interest Statement (if applicable) YES N/A 6.9 Complete Proposal (with all required documentation and fee to add alternate scope, YES X see section 2.6) 6.10 Affidavit Regarding Prohibition on Contracting With Entities YES X of Foreign Countries of Concern 6.11 E-Verify Affidavit YES X 6.12 Non -Collusive Affidavit YES X Please provide one (1) original proposal 6.1. RFP Information Form Mailing Date: October 6, 2025 Contact: Richie C. Tandoc RFP No: 09-29-25 (Ext. Auditing Services) Email: richie;tirtandoc-cpa.com Responses must be received by: At the Main Office of the Omni CRA, 1401 N Miami Ave, Miami, FL 33136 21 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 36 1.1.a fI. Omni CRA TERM CONTRACT EXTERNAL AUDITING SERVICES RFP NO. CRA-09-19-25 I certify that any and all information contained in this Proposal is true; and I further certify that this Proposal is made without prior understanding, agreements, or connections with any corporation, firm or person submitting a Proposal for the same materials, supplies, equipment, or services and is in all respect fair and without collusion or fraud. 1 agree to abide by all terms and conditions of the RFP, and certify that I am authorized to sign for the proposer. Please print the following and sign your name: Firm's Name: Richie Tandoc, P.A. Principal Business Address: Telephone (305) 720-2502 Fax: N/A 13453 SW 105th Ave Email Address: richie@rtandoc-cpa.com Miami, FL 33176 Name: Richie Tandoc Mailing Address: Same as above Title: Owner / Partner 22 Authorized Signature: Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 37 1.1.a COUNTRY OF ,--ra'n ' "65 4i. Omni CIA FAILURE TO COMPLETE, SIGN. AND RETURN THIS FORM MAY DISQUALIFY YOUR RESPONSE. 6.2 CERTIFICATE OF AUTHORITY (IF INDIVIDUAL) STATE OF r1Ori 4c& SS: I HEREBY CERTIFY that I Richie Tandoc , an individual, d/b/a (doing business as) Richie Tandoc, P.A. (if applicable) have hereby executed the Proposal dated, October individual and/or d/b/a (if applicable). Name: Print: Richie Tandoc 6 , 2025, to the CRA as an I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgements personally appeared Richie Tandoc known to me to be the person described in an who executed the this Certificate of Authority and that he/she acknowledged before me that he/she executed the same. I relied upon the following forms of identification of the above named person(s): ( ) Florida Driver's License, (x) Known Personally, or other ( ) WITNESS my hand and official seal in the County and State last aforesaid this day of OGE©bS r , 2025. TERESA HALLEY Notary Public, State Of Florida ;Fin;Commission No. HH 423459 My Commission Expires: 7/19/2027 _ My Commission Expires: (Seal) e 12O2- 26 NOTARY PUBLIC Sign alle6c), Print Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 38 1.1.a r. Omni CIA FAILURE TO COMPLETE, SIGN, AND RETURN THIS FORM MAY DISQUALIFY YOUR RESPONSE. 6.3. Indemnification and Insurance INDEMNIFICATION Proposer shall indemnify, defend and hold harmless the CRA and its officials, employees and agents (collectively referred to as "Indemnities") and each of them from and against all loss, cost, penalties, fines, damages, claims, expenses (including attorney's fees) or liabilities (collectively referred to as "Liabilities") by reason of any injury to or death of any person or damage to or destruction or loss of any property arising out of, resulting from or in connection with (i) the performance or non-performance of the services contemplated by the Contracts which is or is alleged to be directly or indirectly caused, in whole or in part, by any act, omission, default or negligence (whether active or passive) of proposer or its employees, agents, or subcontractors (collectively referred to as "proposer"), regardless of whether it is, or is alleged to be, caused in whole or part (whether joint, concurrent, or contributing) by any act, omission, default or negligence (whether active or passive) of the indemnities, or any of them or (ii) failure of the proposer to comply with any of the provisions in the Contract or the failure of the proposer to conform to statutes, ordinances or other regulations or requirements of any governmental authority, federal or state, in connection with the performance of the Contract. Proposer expressly agrees to indemnify and hold harmless the indemnities, or any of them, from and against all liabilities which may be asserted by an employee or former employees of proposer, or any of its subcontractors, as provided above, for which the proposer's liability to such employee or former employee would otherwise be limited to payments under state Workers' Compensation or similar laws. Proposer further agrees to indemnify, defend and hold harmless the indemnities from and against (i) any and all Liabilities imposed on account of the violation of any law, ordinance, order, rule, regulations, condition, or requirement, in any way related, directly or indirectly, to proposers performance under the Contract, compliance with which is left by the Contract to the proposer, and (ii) any and all claims, and/or suits for labor and materials furnished by the proposer or utilized in the performance of the Contract or otherwise. Where no specifically prohibited by law, proposer further specifically agrees to indemnify, defend and hold harmless the Indemnities from all claims and suits for any liability, including, but not limited to , injury, death or damage to any person or property whatsoever, caused by, arising from, incident to, connected with or growing out of the performance or non-performance of the Contract which is, or is alleged to be, caused in part(whether Joint, concurrent or contributing) or in whole by any act, omission, default, or negligence (whether active or passive) of the Indemnities. The foregoing indemnity shall also include liability imposed by any doctrine of strict liability. 27 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 39 1.1.a �lw• Omni CRA INSURANCE The proposer shall furnish to CRA, 1401 N. Miami Avenue, Miami, FL 33136, Certificate(s) of Insurance prior to contract execution which indicate that insurance coverage has been obtained which meets the requirements as outlined below. A. Workers' Compensation Insurance for all employees of the proposer as required by Florida Statutes. B. Public Liability Insurance on a comprehensive basis in an amount not less than $1.000.000.00 combined insured with respect to this coverage. C. Automobile Liability Insurance covering al] owned, non -owned and hired vehicles used in connection with the work in an amount not less than statutory combined single limit per occurrence for bodily injury and property damage: D. Professional Liability Insurance with Minimum Limits of S1,000.000.00 per occurrence. The CRA is required to be named as additional to be named additional insured. BINDERS ARE UNACCEPTABLE. The insurance coverage shall include those classifications, as listed in standard liability insurance manuals, which most nearly reflect the operations of the proposer. All Insurance policies required above shall be issued by companies to do business under the laws of the State of Florida, with the following qualifications: The Company must be rated no less than "A" as to management, and no Less than "Class X" as to financial strength, by the latest edition of Best's Key Rating Insurance Guide or hold a valid Florida Certificate of Authority issued by the State of Florida, Department of Insurance, and be members of the Florida Insurance Guarantee Fund. Certificates will indicate that no modification or change in insurance shall be made without thirty (30) days' written advance notice to the certificate holder. NOTE: CRA RFP NUMBER AND/OR TITLE OF RFP MUST APPEAR ON EACH CERTIFICATE. Compliance with the foregoing requirements shall not relieve the proposer of his liability and obligation under this action or under any other section of this Agreement. --If insurance certificates are scheduled to expire during the contractual period, the proposer shall be responsible for submitting new or renewed insurance certificates to the CRA a minimum of ten (10) calendar days in advance of such expiration. --In the event that expired certificates are not replaced with new or renewed certificates covering the contractual period, the CRA shall: A) Suspend the Contract until such time as the new or renewed certificates are received by the SEOPW CRA in the manner prescribed in the RFP. B) The CRA may, at its sole discretion, terminate the Contract for cause and seek re - procurement damages from the proposer in conjunction with the violation of the terms and conditions of the Contract. 28 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 40 1.1.a Omni CIA The undersigned proposer acknowledges that (s) he has read the above information and agrees to comply with all the above requirements. Proposer: Richie Tandoc, P.A. Signature: (Company name) Date: 10/6/2025 Print Name: Richie Tandoc FAILURE TO COMPLETE, SIGN, AND RETURN THIS FORM MAY DISQUALIFY YOUR RESPONSE. 6.4. Debarment And Suspension CITY OF MIAMI CODE SEC. 18-56.4 (a) Authority and requirement to debar and suspend: After reasonable notice to an actual or prospective contractual party, and after reasonable opportunity to such party to be heard, the City Manager, after consultation with the Chief Procurement Officer and the City Attorney, shall have the authority to debar a contractual party for the causes listed below from consideration for award of city contracts. The debarment shall be for a period of not fewer than three (30 years. The City Manager shall also have the authority to suspend a contractor form consideration for award of city contracts if there is probable for debarment. Pending the debarment determination, the authority to debar and suspend contractors shall be exercised in accordance with regulations which shall be issued by the Chief Procurement Officer after approval by the City Manager, the City Attorney, and City Commission. (b) Causes for debarment or suspension include the following: 1. Conviction for commission of a criminal offense incident to obtaining or attempting to obtain a public or private contract or subcontract, or incident to the performance of such contract or subcontract; 2. Conviction under state or federal statutes of embezzlement, theft, forgery, bribery, falsification or destruction of records, receiving stolen property, or any other offense indicating a lack of business integrity or business honesty; 3. Conviction under state or federal antitrust statutes arising out of the submission of bids or proposal; 4. Violation of contract provisions, which is regarded by the Chief Procurement Officer to be indicative of non -responsibility. Such violation may include failure without good cause to perform in accordance with the terms and conditions of a contract or to perform within the time limits provided in a contract, provided that failure to perform caused by acts beyond the control of a party shall not be considered a basis for debarment or suspension; 29 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 41 1.1.a jI Omni 4. Violation of contract provisions, which is regarded by the Chief Procurement Officer to be indicative of non -responsibility. Such violation may include failure without good cause to perform in accordance with the terms and conditions of a contract or to perform within the time limits provided in a contract, provided that failure to perform caused by acts beyond the control of a party shall not be considered a basis for debarment or suspension; 5. Debarment or suspension of the contractual party by any federal, state or other governmental entity; b. False certification pursuant to paragraph (c) below; or 7. Any other cause judged by the City Manager to be so serious and compelling as to affect the responsibility of the contractual party performing city contracts. (c) Certificate: The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations set forth above, or debarred or suspended as outlined in paragraph (b) (5). Company name: Tandoc, P.A Signature: pr. Date: 10/6/2025 FAILURE TO COMPLETE. SIGN, AND RETURN THIS FORM MAY DISQUALIFY YOUR RESPONSE 31 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 42 000258 1.1.a Local Business Tax Receipt Miami -Dade County, State of Florida -THIS IS NOT A BH L - D0 NOT !'AY 7407533 BOUNDS NAMLt0Cr1110N RICHIE TANDOC PA 13453 SW 105TH AVE MIAMI FL 33176-6036 OWNER R1CHIE TANDOC PA C/0 RKHEILE C TAltiDOC MGR Employee(s) 1 RECEIPT No. NEW 7704918 7 LBT: EXPIRES SEPTEMBER 30, 2025 Must be displayed at place of business Pursuant to County Code Chapter 8A - Art. 9 & 10 SEC. TYPE Of BUSINESS 212 P.AJCORP/PARTNERSHIP/FIRM AD72208 PAYMENT RECEIVED BY TAX CO=TON $75.00 07/23/2025 PTBTC-25-130671 This local Business Tax Receipt only confines payment of the Local Business Tax. The Receipt is not a license. permit or a certification al the holders qualification, to do business. Holder must comply with any governmental or uoagoverrarrentat regulatory laws and requirements which apply to the business. The RECEIPT NO. above must be displayed on all commercial vehicles- Miami -Dade Code Sec Sa-276. For more information, visit wwvtw.rnlam idade.Oov/taxcollector Local Business Tax Receipt Miami -Dade County, State of Florida -THIS IS NOT A BILL -DO NOT PAY 7407533 BUSINESS ILAUEADCATION RICHIE TANDOC PA 13453 SW 105TH AVE MIAMI FL 33176-6036 OWNER TOME TANDOC PA C/0 PJCHELUE C TANDOC MGR Eitiployee(s) 1 LBT � J RECEIPT No. RENEWAL 7704918 EXPIRES SEPTEMBER 30, 2026 Must be displayed at place of business Pursuant to County Code Chapter BA - Art. 9 & 10 $EC. TYPE Of BUSINEUs 212 P.A./CORP/PAR 1 NE115111P/FIRM AD72208 PAYMENTIFCENED IY TAX COUECTOI $75.00 07/23/2025 PTBTC-25-130671 Ibis Local Businaas Tax Racsipt poly cardrma paymsat of the Local BelleaTax. The Receipt is pot s limsa. permit. or a card[cation of the holder's qualibcatloru, to do bushiest. Holler swat csaipl with uy govern/auto! a naalovarmoatat t.Talstory Isws ant MINN irss ants witch apply to din business. The RECFJPT NO. above taut Is displayed ea all commercial vehicles - Utsa 1-Dodo Cede Sea 11a-2* For rnore Information, Walt rndctaxcollactot.gov Attachment: 18575 Backup (18575 : Selection of External Auditor) Scanned with Packet Pg. 43 1.1.a X "RicTmviolvc, Certified y Iic Accaiwtawt & Cowsrnitawt 13453 SW 1D5°' Avc, (Miami, Florida 33176 / T. (3o5) 72D-2502 Affirmative Action/Equal Employment Opportunity Policy Statement It is the policy of Richie Tandoc, P.A. to provide for and promote equal employment opportunity in employment compensation and other terms and conditions of employment without discrimination based on age, race, creed, color, national origin, gender, sexual orientation, disability, marital status, genetic predisposition, or carrier status. Richie Tandoc, P.A. is committed to assuring equal employment opportunity and equal access to services, programs and activities for individuals with disabilities. It is the policy of Richie Tandoc, P.A. to provide reasonable accommodation to a qualified individual with a disability to enable such individual to perform the essential functions of the position for which he/she is applying or in which he/she is employed. Further, it is the policy of Richie Tandoc, P.A. to provide reasonable accommodation for religious observers. The policy applies to all employment practices and actions. It includes, but is not limited to, recruitment, job application process, examination and testing, hiring, training, disciplinary actions, rate of pay or other compensation, advancement, classification, transfer, reassignment and promotions. Richie Tandoc, P.A.'s designated person for issues concerning Equal Employment Opportunity is Richie Tandoc, Owner/Partner, 13453 SW 105`h Ave, Miami, Florida, 33176, (305) 720-2502, Ext. 101. Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 44 1.1.a I ruk Omni CRA NON -COLLUSIVE AFFIDAVIT Richie Tandoc ("Affiant") being first duly sworn, deposes and says: 1. He/she is the Owner [Select and print as applicable: Owner/Partner/Officer/Representative/Agent] of: Richie Tandoc, P.A. , the Contractor that has submitted the attached Proposal. 2. He/she is fully informed respecting the preparation and contents of the attached Proposal and all of the pertinent circumstances respecting such Proposal. 3. Such Proposal is genuine and is not a collusive or sham Proposal. 4. Neither the Contractor nor any of its officers, partners, owners, agents, representatives, employees or parties in interest, including this Affiant, have in any way colluded, conspired, connived, or agreed, directly or indirectly, with any other Contractor or person to submit a collusive or sham response in connection with the work for which the attached Proposal has been submitted, or to refrain from responding in connection with such work, or have in any manner, directly or indirectly, sought by agreement or collusion, communication, or conference with any Contractor or person to fix this Proposal or to secure through any collusion, conspiracy, connivance, or unlawful agreement, any advantage against the CRA, or any person interested in the proposed Work. In the presence of: Signed, sealed and delivered by: Witness #1 Print Name: Print Name: Richie Tandoc Ccuo inc beiricuic, Title: Owner/Partner Witnelss #2 Print line: i'V1 d Cl 4 Yy! vq lGz — G,-" ACKNOWLEDGMENT State of Florida County of f-'{ii € di On this 1 day of Oct i , 20 2., before me the undersigned, personally appeared Richie Tandoc , whose name(s) is/are subscribed to the within instrument, and he/she/they acknowledge that he/ e/they executed it. Witness my hand and official seal: 1rge,14I(Cv Notary Public ($rint, St Commissioned) •w TERESA HALLEY Florida e asCommission No. HH 423459 My Commission Expires: 711912027 Personally known to me; or Produced identification (Type of Identification: Did take an oath; or 32 Did not take an oath Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 45 1.1.a rue Omni CIA E-VERIFY AFFIDAVIT In accordance with Section 448.095, Florida Statutes, the CRA requires all contractors doing business with the CRA to register with and use the E-Verify system to verify the work authorization status of all newly hired employees. The CRA will not enter into a contract unless each party to the contract registers with and uses the E-Verify system. The contracting entity must provide proof of enrollment in E-Verify. For instructions on how to provide proof of the contracting entity's participation/enrollment in E-Verify, please visit: https://www.e- verif)..gov/faq/how-do-i-provide-proof-of-m‘ -partici pationenrol lment-in-e-veri f'. By signing below, the contracting entity acknowledges that it has read Section 448.095, Florida Statutes and will comply with the E-Verify requirements imposed by it, including but not limited to obtaining E- Verify affidavits from subcontractors. ® Check here to confirm proof of enrollment in E-Verify has been attached to this Affidavit. In the presence of: Witness #1 Print Name: (aI'difta.t.e ffkiL' Signed, seated,and delivered by: Print Name: Richie Tandoc Title: Owner / Partner Witness#2 Prin;Name: QI-; 1aQ (4z Entity Name: Richie Tandoc, P.A. Cl w ACKNOWLEDGMENT State of Florida County of 14jarr1' - The foregoing instrument was acknowledged before me by means of ® physical presence or ❑ online notarization, this - day of OClO 'r , 2015 , by Richie Tandoc (name of person) as Owner/Partner (type of authority) for Richie Tandoc, P.A. (name of party on behalf of whom instrument is executed). X Personally known to me; or TERESA HALLEY 1 'r' (-(Ct (Ic�.� Notary Public, State Of Florida * * rpission No. HH 423459 Notary Public (Pr' it, Stamp r T,e s'eommpi3eitnisdi)n Expires: 7/19/2027 •_ - --- ---- 32 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 46 1.1.a 9/23/25, 6:46 AM My Company Profile i E-Verify 4 An official website of the United States government Here's how you know Verify My Company Profile Company Information Company Name Richie Tandoc, P.A. Company ID 2878293 Doing Business As (DBA) Name Enrollment Date Sep 22, 2025 Employer Identification Number (EIN) Unique Entity Identifier (UEI) 822808228 DUNS Number Total Number of Employees NAICS Code 541 Subsector Professional, Scientific, and Technical Services Edit Company Information Employer Category 1 to 4 Sector Menu Professional, Scientific, and Technical Services Attachment: 18575 Backup (18575 : Selection of External Auditor) https://everify.uscis.gov/account/company/profile tg Packet Pg. 47 1.1.a 9/23/25, 6:46 AM Employer Category None of these categories apply Edit Employer Category My Company Profile 1 E-Verify Company Addresses Hiring Sites Physical Address 13453 SW 105th Ave Miami, FL 33176 Mailing Address Same as Physical Address Edit Company Addresses Company Access My Company is configured to: Verify Its Own Employees My Company has enabled: E-Verify+ E-Verify+ enabled by: Richie C. Tandoc (Sep 22, 2025) Number of Sites 1 Edit Hiring Sites Memorandum of Understanding View Current MOU Terms of Service View E-Verify+ Terms of Service U.S. Department of Homeland Security U.S. Citizenship and Immigration Services Accessibility. Plug -ins Site Map Attachment: 18575 Backup (18575 : Selection of External Auditor) https://everify.uscis.gov/accounticompany/profile Packet Pg. 48 1.1.a /j• Omni C R A AFFIDAVIT REGARDING PROHIBITION ON CONTRACTING WITH ENTITIES OF FOREIGN COUNTRIES OF CONCERN Pursuant to Section 287.138, Florida Statutes (which is expressly incorporated herein by reference), the City may not knowingly enter into a contract with an entity which would give access to an individual's personal identifying information if (a) the entity is owned by the government of a foreign country of concern; (b) the government of a foreign country of concern has a controlling interest in the entity; or (c) the entity is organized under the laws of or has its principal place of business in a foreign country of concern. This affidavit must be completed by an officer or representative of an entity submitting a bid, proposal, or reply to, or entering into, renewing, or extending, a contract with the City which would grant the entity access to an individual's personal identifying information. Richie Tandoc, P.A. the criteria in paragraphs (2)(a)-(c) of Section 287.138, F.S. In the presence of: ("entity") does not meet any of Under penalties of perjury, I declare that I have read the foregoing and the facts stated in it are true: Witness #1 Print Name: CuraiR t' CjW.i.o Print Name:' Richie Tandoc Title: Owner/Partner Witness #2 Print Name: \Ct r; c 4- (ez-- Entity Name: Richie Tandoc, P.A. 4.. OATH OR AFFIRMATION State of Florida County of r-(�Cmt Sworn to (or affirmed) and subscribed before me by means of X physical presence or ❑ online notarization, this 1 day of Oc4o10Q r' , 20 25, by Richie Tandoc (name of person) as Owner/Partner (type of authority) for Richie Tandoc, P.A. (name of party on behalf of whom instrument is 'u e•' l"uresc tkiit°1 t ((e X Personally known to me; or Produced identification (Type of Identification: Did take an oath; or Did not take an oath 33 e,.TERESA HALLEY * * Notary Public, State Of Florida +��I, Commission No. HH 423459 My Commission Expires: 7119/2027 Notary Public (Print, Stamp, or N . as .m.musk r Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 49 1.1.a Omni CRA X Personally known to me; or Produced identification (Type of Identification: Did take an oath; or Did not take an oath 35 Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 50 1.1.a Ron DeSantis, Governor STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION Melanie S. Griffin, Secretary d BOARD OF ACCOUNTANCY THE ACCOUNTANCY CORPORATION HEREIN IS LICENSED UNDER THE PROVISIONS OF CHAPTER 473, FLORIDA STATUTES RICH I E TANDOC, P.A. 13453 SW 105TH AVENUE MIAMI FL 33176 LICENSE NUMBER: AD72208 EXPIRATION DATE: DECEMBER 31, 2025 Always verify licenses online at MyFloridaLicense.com ISSUED: 07/17/2025 Do not alter this document in any form. This is your license. It is unlawful for anyone other than the licensee to use this document. Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 51 1.1.a 7 k. ZOMMA GROUP CPAs AND CONSULTANTS Report on the Firm's System of Quality Control December 16, 2024 To the Partners of PEREZ-ABREU, AGUERREBERE, SUEIRO, TORRES, P.L. D/B/A PAAST and the Peer Review Committee of the Florida Institute of Certified Public Accountants We have reviewed the system of quality control for the accounting and auditing practice of PEREZ-ABREU, AGUERREBERE, SUEIRO, TORRES, P.L. D/B/A PAAST (the firm) in effect for the year ended June 30, 2024. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards). A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System Review as described in the Standards may be found at www.aicpa.or.v/prsumman . The summary also includes an explanation of how engagements identified as not performed or reported in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating. Firm's Responsibility The firm is responsible for designing and complying with a system of quality control to provide the firm with reasonable assurance of performing and reporting in conformity with the requirements of applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported on in conformity with the requirements of applicable professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any. Peer Reviewer's Responsibility Our responsibility is to express an opinion on the design of and compliance with the firm's system of quality control based on our review. Required Selections and Considerations Engagements selected for review included an engagement performed under Government Auditing Standards, including a compliance audit under the Single Audit Act and audits of employee benefit plans. As part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures. ZOMMA Group. LLP 5'. AItt,,,ir , 1 . .... p: ?CY 5.7.. $?: r3tt F t' 4 : . Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 52 1.1.a Z 2 Pe:A ZOM IA GROUP CPAs AND CONSULTANTS Report on the Firm's System of Quality Control November 10, 2022 To the Partners of Sanson, Kline, Jacomino & Tandoc, LLP and the Peer Review Committee of the Florida Institute of Certified Public Accountants We have reviewed the system of quality control for the accounting and auditing practice of Sanson, Kline, Jacomino & Tandoc, LLP (the firm) in effect for the year ended May 31, 2022. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards). A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System Review as described in the Standards may be found at www.aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating. Firm's Responsibility The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported in conformity with professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any. Peer Reviewer's Responsibility Our responsibility is to express an opinion on the design of the system of quality control and the firm's compliance therewith based on our review. Required Selections and Considerations Engagements selected for review included engagements performed under Government Auditing Standards, including a compliance audit under the Single Audit Act. As part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures. Attachment: 18575 Backup (18575 : Selection of External Auditor) ,r un. i •..� •.i,,.•I,,Ltr.i .: .1. •14.1 .. r, Packet Pg. 53 Sanson, Kline, Jacomino & Tandoc, LLP Page 2 Opinion In our opinion, the system of quality control for the accounting and auditing practice of Sanson, Kline, Jacomino & Tandoc, LLP in effect for the year ended May 31, 2022 has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency (ies) or fail. Sanson, Kline, Jacomino & Tandoc, LLP has received a peer review rating of pass. Ze'MM 4 Group, LLP 1.1.a Attachment: 18575 Backup (18575 : Selection of External Auditor) Packet Pg. 54 OMNI Board of Commissioners Meeting December 11, 2025 1.2 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo Date: December 4, 2025 and Members of the CRA Board From: Carlos I. Suarez Executive Director File: 18635 Subject: Issuance of Redevelopment Revenue Bonds, Series 2026 Enclosures: 18635 Exhibit A 18635 Exhibit B 18635 Exhibit C 18635 Exhibit D 18635 Exhibit E 18635 Exhibit F 18635 Exhibit G 18635 Notice to Agencies 18635 Notice to the Public BACKGROUND: A Resolution of the Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("CRA"), with attachment(s), authorizing the Executive Director to enter into a Bond Purchase Agreement with Morgan Stanley & Co. LLC (the "Underwriter"), substantially in the form of the Bond Purchase Agreement attached, providing for the issuance of Tax Increment Revenue Bonds, Series 2026 ("Series 2026 Bonds"), in an aggregate principal amount not to exceed One Hundred Fifty Million Dollars and Zero Cents ($150,000,000.00), to be issued in one or more series, for the purpose of financing certain community redevelopment projects, including grants to be used for the construction or rehabilitation of affordable housing projects, parks and recreation facilities, infrastructure improvements, and other capital improvements within the Redevelopment Area, ("Purpose"). The Series 2026 Bonds are secured solely by a lien on and pledge of tax increment revenues paid into the Omni Area Redevelopment Trust Fund, established by Ordinance No. 87-47, enacted by the Board of County Commissioners of Miami -Dade County ("County"), Florida on July 7, 1987, City Resolution No. 86-868, enacted by the City Commissioners of the City of Miami ("City"), Florida on October 23, 1986. The exact terms of the Series 2026 Bonds, and the interest rate will be determined by the Executive Director upon the advice of the Bond Counsel retained by the CRA to advise the CRA in connection with the Series 2026 Bonds, subject to the following parameters: 1. The amount of the Series 2026 Bonds not exceeding $150,000,000.00 in aggregate principal amount. Packet Pg. 55 2. A true interest cost of not more than 6.50% per annum with respect to the tax-exempt Series 2026 Bonds. 1.2 3. A true interest cost of not more than 8.00% per annum with respect to the taxable Series 2026 Bonds. 4. The final maturity date will be not later than July 7, 2047; and 5. A commitment fee not in excess of 0.5%. 6. Bonds. The Series 2026 Bonds will be issued consistent with the Bond Purchase Agreement and the various resolutions previously adopted by the Board of the CRA. This Resolution authorizes the Chairman and the Executive Director to execute and deliver all documents required in connection with the issuance of the Series 2026 Bonds, agreements or certificates relating to the Series 2026 Bonds, in substantially the attached form: 1. Bond Purchase Agreement 2. Preliminary Official Statement 3. Continuing Disclosure Agreement All of the foregoing documents have been reviewed on behalf of the CRA by its Municipal Advisor, PFM Financial Advisors, LLC, and its Bond Counsel, Bryant Miller Olive P.A It is recommended that the Board of the CRA approve and adopt the attached Resolution, authorizing the Executive Director, the Chairman, and other appropriate officers of the CRA, pursuant to the Resolution, to execute all the documents required to consummate the transaction contemplated by the anticipated bond documents, subject to the sale of the Series 2026 Bonds being consistent with the parameters outlined herein and in the attached Resolution. The CRA has complied with Section 163.346, Florida Statutes in noticing its intent to authorize the issuance of the Series 2026 Bonds. JUSTIFICATION: Section 163.346, Florida Statutes authorizes the CRA to issue redevelopment revenue bonds "to finance the undertaking of any community redevelopment authorized under this part". FUNDING: Not to exceed $150,000,000.00 secured by the pledge of tax increment revenues. City of Miami Page 2 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 56 1.2 Trak Omni_ C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 18635 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED AGGREGATE PRINCIPAL AMOUNT OF $150,000,000 REDEVELOPMENT REVENUE BONDS, SERIES 2026 FOR THE PRINCIPAL PURPOSE OF FINANCING CERTAIN REDEVELOPMENT PROJECTS; PROVIDING THAT THE SERIES 2026 BONDS SHALL BE LIMITED OBLIGATIONS OF THE ISSUER PAYABLE FROM TAX INCREMENT REVENUES AS PROVIDED HEREIN AND MAY BE ISSUED AS TAX-EXEMPT OR TAXABLE BONDS; PLEDGING SUCH TAX INCREMENT REVENUES AND PROCEEDS OF CERTAIN FUNDS AND ACCOUNTS CREATED HEREIN TO SECURE PAYMENT OF THE PRINCIPAL AND INTEREST ON THE SERIES 2026 BONDS; DELEGATING THE AWARD OF THE SALE OF THE SERIES 2026 BONDS TO THE CHAIRMAN; APPOINTING A REGISTRAR AND PAYING AGENT; APPROVING THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT; APPROVING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT; PROVIDING FOR THE RIGHTS, SECURITIES AND REMEDIES FOR THE OWNERS OF THE SERIES 2026 BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. 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. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapter 163, Part III, Florida Statutes, and other applicable provisions of law. SECTION 2. DEFINITIONS. The following terms shall have the following meanings herein, unless the text expressly requires otherwise. Words importing singular number shall include the plural number in each case and vice versa, and words importing persons shall include firms and corporations. "Act" means the Community Redevelopment Act of 1969 (Part III of Chapter 163, Florida Statutes) (the "Redevelopment Act"), County Ordinance No. 87-47 enacted on July 7, 1987, City Resolution No. 86-868 enacted on October 23, 1986, as amended, and other applicable provisions of law. "Additional Bonds" means additional obligations issued in compliance with the terms, conditions and limitations contained herein which will have an equal lien on the Pledged Revenues with the Series 2026 Bonds, to the extent provided herein. "Authorized Depository" means any bank, trust company, national banking association, savings and loan association, savings bank or other banking association selected by the Issuer as a depository hereunder. City of Miami Page 3 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 57 "Bond Purchase Agreement" means the Bond Purchase Agreement between the Issuer and the Purchaser in connection with the sale of the Series 2026 Bonds. 1.2 "Bond Year" means the annual period established by certificate of the Executive Director executed prior to or upon the issuance of the Series 2026 Bonds. "Bonds" means the Series 2026 Bonds , the Parity Debt and any Additional Bonds hereinafter issued. "Business Day" means any day except any Saturday or Sunday or an any day on which banking institutions are authorized or required by law, executive order or governmental decree to be closed in the City of New York or the State. "Cede" means Cede & Co., the nominee of DTC, and any successor nominee of DTC with respect to the Series 2026 Bonds pursuant to Section 14 hereof. "Chairman" means the Chairman of the governing board of the Issuer, or in the Chairman's absence or inability to act, the Vice Chairman of such board or such other person as may be duly authorized by the governing board of the Issuer to act on his or her behalf. "City" means the City of Miami, Florida. "Clerk" means the CRA Board Clerk, or such other person as may be duly authorized by the Issuer to act on his or her behalf. "Continuing Disclosure Agreement" means the Continuing Disclosure Agreement dated the date of delivery of the Series 2026 Bonds. "County" means the Board of County Commissioners of Miami -Dade County, Florida. "Debt Service Requirement" means for a given Bond Year the remainder, after subtracting any accrued and capitalized interest and other amounts for that Bond Year that have been deposited into the Debt Service Account or in the Projects Fund for that purpose with respect to Bonds Outstanding hereunder from the sum of: (1) The amount required to pay the interest coming due on the Bonds during that Bond Year; and (2) The amount required to pay the principal or any sinking fund installment of the Bonds during the Bond Year. "DTC" means The Depository Trust Company, New York, New York, and its successors and assigns. "Executive Director" means the Executive Director of the Issuer. "Grant Agreements" means collectively, any grant agreements currently existing or subsequently entered into between the Issuer and certain developers which may receive grants from the Issuer. "Interlocal Agreement" means the Interlocal Cooperation Agreement dated June 24, 1996, by and between the City, the County and the Agency, as may be amended from time to time, which provided for the exercise of redevelopment powers by the City in the redevelopment area of the Agency (the "Redevelopment Area"). "Investment Obligations" means any investment permitted by law. City of Miami Page 4 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 58 1.2 "Issuer" means the Omni Redevelopment District Community Redevelopment Agency created pursuant to the Act. "Municipal Advisor" means PFM Financial Advisors LLC or its successors and assigns. "Owner" or "Owners" means any Person in whose name the Series 2026 Bonds shall be registered on the books of the Issuer kept for that purpose in accordance with provisions of this Resolution. "Parity Debt" means the $10,000,000 Tax Increment Revenue Note, Tax -Exempt Series 2018A and $15,000,000 Tax Increment Revenue Note, Taxable Series 2018B. "Participants" means those broker -dealers, banks and other financial institutions from time to time for which DTC holds Series 2026 Bonds as securities depository. "Paying Agent" means Argent Institutional Trust, Tampa, Florida and its successors and assigns. "Person" means natural persons, firms, trusts, estates, associations, corporations, partnerships and public bodies. "Pledged Revenues" means the Tax Increment Revenues, and until applied in accordance with the provisions of this Resolution, all moneys, including investments thereof, in the funds and accounts established hereunder. "Project Fund" means the Project Fund established with respect to the Series 2026 Bonds pursuant to Section 15 hereof. "Projects" means certain redevelopment projects provided for and described in the Redevelopment Plan and approved by the Chairman and Board Members, as described on Exhibit "A" attached hereto. "Purchaser" means Morgan Stanley & Co. LLC or any affiliate, successor or assign. "Redevelopment Area" means the Omni Redevelopment District Community Redevelopment Area established pursuant to the Act. "Redevelopment Plan" means the Omni Redevelopment District Community Redevelopment Agency 2019 Update of Redevelopment Plan, as amended and supplemented. "Redevelopment Trust Fund" means the Omni Area Redevelopment Trust Fund established pursuant to Ordinance No. 87-47 enacted on July 7, 1987 by the Board of County Commissioners of Miami -Dade County, Florida, into which Tax Increment Revenues are deposited for repayment of debt service on the Bonds and other authorized uses. "Registrar" means Argent Institutional Trust, Tampa, Florida and its successors and assigns. "Reserve Account" means the Debt Service Reserve Account established pursuant to Section 15 hereof. "Reserve Requirement" means an amount which equals the lesser of (i) the maximum Debt Service Requirement on the Series 2026 Bonds, (ii) 125% of the average annual Debt Service Requirement on the Series 2026 Bonds, or (iii) 10% of the par amount of the Series 2026 Bonds. The Reserve Requirement, if any, for any Additional Bonds shall be established by supplemental resolution of the Issuer. City of Miami Page 5 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 59 1.2 "Series 2026 Bonds" means the Issuer's Redevelopment Revenue Bonds, Series 2026 authorized to be issued herein, which may be issued in one or more series of Bonds as provided herein. "State" means the State of Florida. "Tax Increment Revenues" means the moneys deposited into the Redevelopment Trust Fund (including all amounts on deposit therein on the date of delivery of the Series 2026 Bonds) as required by Section 163.387, Florida Statutes, annually by taxing authorities levying ad valorem taxes in the Redevelopment Area. SECTION 3. FINDINGS. It is hereby ascertained, determined and declared that: (A) For the benefit of the inhabitants and real property owners of the Redevelopment Area and the citizens of the City, the Issuer finds, determines and declares that it is necessary for the continued preservation of the health, welfare, convenience and safety of the Issuer and the City and such inhabitants, real property owners and citizens, to construct the Projects. Issuance of the Series 2026 Bonds to finance the cost of the Project satisfies a paramount public purpose. The Projects constitute an integral part of and is necessary for carrying out the Redevelopment Plan. (B) Debt service on the Series 2026 Bonds will be secured by and payable from the Pledged Revenues. The Pledged Revenues will be sufficient to pay the principal, premium and interest on the Series 2026 Bonds herein authorized, as the same become due, and to make all deposits required by this Resolution. (C) The Tax Increment Revenues pledged for the payment of the Series 2026 Bonds are not now pledged or encumbered in any manner, except to the Parity Debt. (D) The Issuer previously issued a request for proposals seeking a loan with which to finance the Projects, in response to which the Purchaser submitted a proposal dated November 21, 2025, a copy of which is attached hereto as Exhibit "B" (the "Proposal"). (E) Due to the complex nature of this financing, the critical importance of the timing of the sale of the Series 2026 Bonds, as hereinabove defined, and due to the willingness of the Purchaser to purchase the Series 2026 Bonds, at interest rates favorable to the Issuer, it is hereby determined that it is in the best interest of the public and the Issuer to sell the Series 2026 Bonds to pursuant a negotiated sale as provided in the Bond Purchase Agreement. (F) In consideration of the purchase and acceptance of the Series 2026 Bonds authorized to be issued hereunder by those who shall be the Owners thereof from time to time, this Resolution shall constitute a contract between the Issuer and the Owners. (G) The Issuer will be provided all applicable disclosure information required by Section 218.385, Florida Statutes. SECTION 4. THIS RESOLUTION TO CONSTITUTE A CONTRACT. In consideration of the acceptance of the Series 2026 Bonds authorized to be issued hereunder by those who shall hold the same from time to time, this Resolution shall be deemed to be and shall constitute a contract between the Issuer and such Owners. The covenants and agreements herein set forth to be performed by the Issuer shall be for the equal benefit, protection and security of the legal Owners of any and all of the Series 2026 Bonds, all of which shall be of equal rank and without preference, priority or distinction of any of the Series 2026 Bonds over any other thereof, except as expressly provided therein and herein. City of Miami Page 6 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 60 1.2 SECTION 5. AUTHORIZATION OF PROJECTS. Each component of the Projects and the payment of the costs thereof from proceeds of the Series 2026 Bonds is hereby authorized. The Projects are "community redevelopment" projects and "undertakings" as defined in the Redevelopment Act. SECTION 6. AUTHORIZATION OF SERIES 2026 BONDS. Subject and pursuant to the provisions hereof, the Series 2026 Bonds to be known as the "Omni Redevelopment District Community Redevelopment Agency Redevelopment Revenue Bonds, Series 2026[Tax- Exempt][Taxable]" are hereby authorized to be issued in the aggregate original principal amount of not to exceed $150,000,000 or such lesser amount as may be approved by the Chairman for the purpose of financing all or a portion of the costs of the Projects, funding the Reserve Account and paying the costs of issuance and expenses associated therewith. The Series 2026 Bonds may be issued in one or more series and the series designation may be modified by the Chairman as he deems appropriate. SECTION 7. DESCRIPTION OF SERIES 2026 BONDS. The Series 2026 Bonds shall be issued in fully registered form; may be issued as tax-exempt and/or taxable; shall be numbered consecutively from R-1 upward; shall be in denominations of $100,000 each or integral multiples thereof; shall bear interest at such rate or rates not exceeding the maximum rate allowed by State law, the actual rate or rates or method of determining rates shall be set forth in the Bond Purchase Agreement; interest to be payable at such times as are fixed by the Bond Purchase Agreement; and shall mature on such date in such years and amounts as will be fixed by the Bond Purchase Agreement; provided however, that the interest rates on and final maturity of the Series 2026 Bonds shall be subject to the parameters set forth in Section 17 hereof. The text of the Series 2026 Bonds, the form of assignment for such Series 2026 Bonds, and provisions for the payment of Series 2026 Bonds on the demand of the Owners thereof shall be in substantially the form attached hereto as Exhibit "C", with such omissions, insertions and variations as may be necessary or desirable and authorized or permitted by this Resolution. The principal of and the interest on the Series 2026 Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. The principal of the Series 2026 Bonds, and payment of the interest on the Series 2026 Bonds shall be made by the Paying Agent on each interest payment date to the person appearing on the registration books of the Issuer hereinafter provided for as the registered Owner thereof, by electronic means, draft or check mailed to such registered Owner at his address as it appears on such registration books or delivered to Cede & Co., as registered owner thereof and will be redistributed by DTC and the DTC Participants. SECTION 8. EXECUTION OF SERIES 2026 BONDS. The Series 2026 Bonds shall be signed by, or bear the manual or facsimile signature of, the Chairman and shall be signed by, or bear the manual or facsimile signature of, the Clerk and a facsimile of the official seal of the Issuer shall be imprinted on such Series 2026 Bonds. In case any officer whose signature or a facsimile of whose signature shall appear on any Series 2026 Bonds shall cease to be such officer before the delivery of such Series 2026 Bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he has remained in office until such delivery. Any Series 2026 Bond may bear the facsimile signature of or may be signed by such persons who, at the actual time of the execution of such Series 2026 Bond, shall be the proper officers to sign such Series 2026 Bonds although at the date of such Series 2026 Bonds such persons may not have been such officers. City of Miami Page 7 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 61 1.2 SECTION 9. AUTHENTICATION OF SERIES 2026 BONDS. Only such of the Series 2026 Bonds as shall have been endorsed thereon a certificate of authentication substantially in the form herein below set forth, duly executed by the Registrar, as authenticating agent, shall be entitled to any benefit or security under this Resolution. No Series 2026 Bond shall be valid or obligatory for any purpose unless and until such certificate of authentication shall have been duly executed by the Registrar and such certificate of the Registrar upon any such Series 2026 Bond shall be conclusive evidence that such Series 2026 Bond has been duly authenticated and delivered under this Resolution. The Registrar's certificate of authentication on any Series 2026 Bond shall be deemed to have been duly executed if manually signed by an authorized officer of the Registrar, but it shall not be necessary that the same officer manually sign the certificate of authentication of all of the Series 2026 Bonds that may be issued hereunder at any one time. SECTION 10. EXCHANGE OF SERIES 2026 BONDS. Any Series 2026 Bonds, upon surrender thereof at the principal corporate trust office of the Registrar, together with an assignment duly executed by the Owner or his attorney or legal representative in such form as shall be satisfactory to the Registrar, may, at the option of the Owner, be exchanged for an aggregate principal amount of Series 2026 Bonds equal to the principal amount of and of the same type and series as the Series 2026 Bond or Series 2026 Bonds so surrendered. The Registrar shall make provisions for the exchange of Series 2026 Bonds at the principal corporate trust office of the Registrar. SECTION 11. NEGOTIABILITY, REGISTRATION AND TRANSFER OF SERIES 2026 BONDS. The Registrar shall keep books for the registration of and for the registration of transfers of Series 2026 Bonds. The transfer of any Series 2026 Bonds may be registered only upon such books and only upon surrender thereof to the Registrar together with an assignment duly executed by the Owner or his attorney or legal representative in such form as shall be satisfactory to the Registrar. Upon any such registration of transfer, the Issuer shall execute and the Registrar shall authenticate and deliver in exchange for such Series 2026 Bond, a new Series 2026 Bond or Series 2026 Bonds registered in the name of the transferee, and in an aggregate principal amount equal to the principal amount of such Series 2026 Bond or Series 2026 Bonds so surrendered. In all cases in which Series 2026 Bonds shall be exchanged, the Issuer shall execute and the Registrar shall authenticate and deliver, at the earliest practicable time, a new Series 2026 Bond or Series 2026 Bonds of the same type. All Series 2026 Bonds surrendered in any such exchange or registration of transfer shall forthwith be canceled by the Registrar. The Issuer or the Registrar may make a charge for every such exchange or registration of transfer of Series 2026 Bonds sufficient to reimburse it for any tax or other governmental charge required to be paid with respect to such exchange or registration of transfer, but no other charge shall be made to any Owner for the privilege of exchanging or registering the transfer of Series 2026 Bonds. SECTION 12. OWNERSHIP OF SERIES 2026 BONDS. The person in whose name any Series 2026 Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of or on account of the principal, redemption premium, if any, and the interest on any such Series 2026 Bonds, shall be made only to or upon the order of the registered owner thereof or his legal representative. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Series 2026 Bond including the premium, if any, and interest thereon to the extent of the sum or sums so paid. SECTION 13. SERIES 2026 BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case any Series 2026 Bond shall become mutilated, or be destroyed, stolen or lost, the Issuer City of Miami Page 8 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 62 1.2 may, in its discretion, cause to be executed, and the Registrar shall authenticate and deliver, a new Series 2026 Bond of like date and tenor as the Series 2026 Bond so mutilated, destroyed, stolen or lost (e.g., Serial Bonds shall be issued in exchange for Serial Bonds) in exchange and substitution for such mutilated Series 2026 Bond upon surrender and cancellation of such mutilated Series 2026 Bond or in lieu of and substitution for the Series 2026 Bond destroyed, stolen or lost, and upon the Owner furnishing the Issuer and the Registrar proof of his ownership thereof and satisfactory indemnity and complying with such other reasonable regulations and conditions as the Issuer and the Registrar may prescribe and paying such expenses as the Issuer and the Registrar may incur. All Series 2026 Bonds so surrendered shall be canceled by the Issuer. If any of the Series 2026 Bonds shall have matured or be about to mature, instead of issuing a substitute Series 2026 Bond, the Issuer may pay the same, upon being indemnified as aforesaid, and if such Series 2026 Bond be lost, stolen or destroyed, without surrender thereof. Any such duplicate Series 2026 Bonds issued pursuant to this Section shall constitute original, additional contractual obligations on the part of the Issuer whether or not the lost, stolen or destroyed Series 2026 Bonds be at any time found by anyone, and such duplicate Series 2026 Bonds shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds, as hereinafter pledged, to the same extent as all other Series 2026 Bonds issued hereunder. SECTION 14. BOOK ENTRY SYSTEM. Notwithstanding any provision of this Resolution to the contrary, a book -entry system of registration is hereby authorized for the Series 2026 Bonds. So long as the Issuer shall maintain a book -entry only system with respect to the Series 2026 Bonds, the following provisions shall apply: A blanket issuer letter of representations (the "BLoR") was entered into by the Issuer with The Depository Trust Company ("DTC"). It is intended that the Series 2026 Bonds be registered so as to participate in a global book -entry system with DTC as set forth herein and in such BLoR. The terms and conditions of such BLoR shall govern the registration of the Series 2026 Bonds. The Series 2026 Bonds shall be initially issued in the form of a single fully registered bond for each maturity of each series of such Series 2026 Bonds. Upon initial issuance, the ownership of such Series 2026 Bonds shall be registered by the Registrar in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. So long as any Series 2026 Bond is registered in the name of DTC (or its nominee), the Issuer, the Registrar and the Paying Agent may treat DTC (or its nominee) as the sole and exclusive holder of such Series 2026 Bonds registered in its name, and all payments with respect to the principal or redemption price of, if any, and interest on such Series 2026 Bond ("Payments") and all notices with respect to such Series 2026 Bond ("Notices") shall be made or given, as the case may be, to DTC. Transfers of Payments and delivery of Notices to DTC Participants shall be the responsibility of DTC and not of the Issuer, subject to any statutory and regulatory requirements as may be in effect from time to time. Transfers of Payments and delivery of Notices to beneficial owners of the Series 2026 Bonds by DTC Participants shall be the responsibility of such participants, indirect participants and other nominees of such beneficial owners and not of the Issuer, subject to any statutory and regulatory requirements as may be in effect from time to time. Upon (a) receipt by the Issuer of written notice from DTC (i) to the effect that a continuation of the requirement that all of the Outstanding Series 2026 Bonds be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, is not in the best interest of the beneficial owners of the Series 2026 Bonds or (ii) to the effect that DTC is unable or unwilling to discharge its responsibilities and no substitute depository willing to undertake the functions of DTC hereunder can be found which is willing and able to undertake such functions upon reasonable and customary terms, (b) termination, for any reason, of the City of Miami Page 9 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 63 1.2 agreement among the Issuer, the Registrar and Paying Agent and DTC evidenced by the BLoR, or (c) determination by the Issuer that such book -entry only system should be discontinued by the Issuer, and compliance with the requirements of any agreement between the Issuer and DTC with respect thereto, the Series 2026 Bonds shall no longer be restricted to being registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or names Owners shall designate, in accordance with the provisions hereof. In such event, the Issuer shall issue and the Registrar shall authenticate, transfer and exchange Series 2026 Bonds consistent with the terms hereof, in denominations of $100,000 or any integral multiple thereof to the Owners thereof. The foregoing notwithstanding, until such time as participation in the book -entry only system is discontinued, the provisions set forth in the BLoR shall apply to the registration and transfer of the Series 2026 Bonds and to Payments and Notices with respect thereto. SECTION 15. APPLICATION OF SERIES 2026 BOND PROCEEDS. The proceeds, including accrued interest and premium, if any, received from the sale of any or all of the Series 2026 Bonds shall be applied by the Issuer simultaneously with the delivery of such Series 2026 Bonds to the purchaser thereof, as follows: (A) A portion of the proceeds of the Series 2026 Bonds equal to the initial Reserve Requirement for such Series 2026 Bonds shall be deposited in the "Omni Redevelopment District Community Redevelopment Agency Debt Service Reserve Account" (the "Reserve Account") which is established within the Redevelopment Revenue Bond Fund created pursuant to Section 19 hereof, all for the benefit of the Series 2026 Bonds, and shall be used only for the purposes provided therefor. The amount deposited from the proceeds of the Series 2026 Bonds and any investment proceeds thereof together with any replenishments thereof shall only secure the Series 2026 Bonds. (B) The Issuer hereby covenants that it will establish a fund to be known as the "Omni Redevelopment District Community Redevelopment Agency Redevelopment Bonds, Series 2026 Project Fund" (the "Project Fund"). A portion of the proceeds of Series 2026 Bonds shall be deposited in the Project Fund which shall be used only for the payment of the cost of the Project. Moneys in the Project Fund until applied in payment of any item of the cost of the Project, shall be held in trust by the Issuer and shall be subject to the lien and charge in favor of the Owners, and for the further security of the Owners. Interest on such monies shall accrue to the benefit of the Issuer and may be used for costs of the Project or interest payments on the Series 2026 Bonds. (C) The Issuer shall pay all costs and expenses in connection with the issuance, sale and delivery of the Series 2026 Bonds. When the Projects have been completed and all construction -related costs and other costs of issuance have been paid in full, the Project Fund shall be closed. All moneys deposited in said Project Fund and the Reserve Account shall be and constitute trust funds created for the purposes herein stated, and there is hereby created a lien upon such fund in favor of the Owners of the Series 2026 Bonds until the moneys thereof shall have been applied in accordance with this Resolution. The funds and accounts created and established by this Resolution shall constitute trust funds for the purposes provided herein for such funds. All of such funds, except as hereinafter provided, shall be continuously secured in the same manner as municipal deposits of funds are required to be secured by the laws of the State. Moneys on deposit to the credit of all funds and accounts created hereunder may be invested pursuant to applicable law and the Issuer's investment policy and shall mature no later than the dates on which such moneys shall be needed to make payments in the manner herein provided. The securities so purchased as an City of Miami Page 10 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 64 1.2 investment of funds shall be deemed at all times to be a part of the account from which the said investment was withdrawn, and the interest accruing thereon and any profit realized therefrom shall be credited to such fund or account, except as expressly provided in this Resolution, and any loss resulting from such investment shall likewise be charged to said fund or account. SECTION 16. SPECIAL OBLIGATIONS OF ISSUER. The Series 2026 Bonds shall not be or constitute general obligations or indebtedness of the Issuer as "bonds" within the meaning of the Constitution of the State, but shall be payable solely from and secured by a lien upon and a pledge of the Pledged Revenues as herein provided. No Owner or Owners of any Series 2026 Bonds issued hereunder shall ever have the right to compel the exercise of the ad valorem taxing power of the Issuer or taxation in any form of any real or personal property therein, or to compel the Issuer to pay such principal and interest from any other funds of the Issuer. The payment of principal of and interest on the Series 2026 Bonds shall be secured forthwith equally and ratably by, and the Issuer hereby grants to the Owners an irrevocable lien on the Pledged Revenues on such Pledged Revenues and the Issuer does hereby irrevocably pledge such Pledged Revenues to the payment of the principal of, redemption premium, if any, and interest on the Series 2026 Bonds, for the reserves therefor and for all other payments required hereunder. Such amounts hereby pledged and assigned shall immediately be subject to the lien of this pledge without any further physical delivery thereof or any further act, and the lien of this pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Issuer, irrespective of whether such parties have notice thereof. SECTION 17. DELEGATION OF AWARD OF SERIES 2026 BONDS. Subject to full satisfaction of the conditions set forth in this Section, the Board of the Issuer hereby authorizes a delegated negotiated sale of the Series 2026 Bonds to the Purchaser in accordance with the terms of a Bond Purchase Agreement to be dated the date of sale and to be substantially in the form attached hereto as Exhibit "F" and incorporated herein by reference, with such changes, amendments, modifications, omissions and additions thereto as shall be approved by the Chairman, in accordance with the provisions of this Section (including, without limitation, making the final determination concerning the structuring and marketing of the Series 2026 Bonds to obtain the most favorable rating and interest rate on the Series 2026 Bonds), and the execution and delivery of the Bond Purchase Agreement by the Chairman and the Clerk shall be deemed conclusive evidence of the approval of such changes and the full and complete satisfaction of the conditions set forth in this Section. Notwithstanding the foregoing, the Bond Purchase Agreement shall not be executed by the Chairman and the Clerk until such time as all of the following conditions have been satisfied: 1. Receipt by the Chairman of a written offer to purchase the Series 2026 Bonds by the Purchaser substantially in the form of the Bond Purchase Agreement, said offer to provide for, among other things, (i) the issuance of not exceeding $150,000,000 aggregate principal amount of Series 2026 Bonds; provided however, the taxable Series 2026 Bonds shall not exceed $50,000,000 in aggregate principal amount, (ii) a commitment fee not in excess of 0.5% of the aggregate principal amount of the Series 2026 Bonds, (iii) a true interest cost of not more than 6.50% per annum with respect to the tax-exempt Series 2026 Bonds and 8.00% per annum with respect to the taxable Series 2026 Bonds, (iv) the maturities of the Series 2026 Bonds with the final maturity of the tax-exempt Series 2026 Bonds no later than July 7, 2047 and the final maturity of the taxable Series 2026 Bonds being no later than July 7, 2047, and (v) an initial mandatory tender date of January 1, 2033 for the taxable Series 2026 Bonds. City of Miami Page 11 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 65 1.2 2. The Series 2026 Bonds shall be subject to such optional and mandatory redemption provisions and mandatory tender provisions as provided in the Bond Purchase Agreement. 3. Receipt by the Chairman from the Purchaser of a disclosure statement and truth - in -bonding letter complying with Section 218.385, Florida Statutes, in substantially the form attached hereto as Exhibit "D," and a Purchaser's Certificate, in substantially the form attached hereto as Exhibit "E." Upon satisfaction of the conditions set forth in this Section, the Chairman and Clerk are hereby authorized to execute and deliver the Bond Purchase Agreement, the Series 2026 Bonds and any other documents, agreements or certificates relating to the Series 2026 Bonds, and are further authorized and directed to prepare and furnish to the purchasers of the Series 2026 Bonds, when the Series 2026 Bonds are issued, certified copies of all the proceedings and records of the Issuer relating to the Series 2026 Bonds, and such other affidavits and certificates as may be required to show the facts relating to the legality and marketability of the Series 2026 Bonds as such facts appear from the books and records in the officers' custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the Issuer as to the truth of all statements contained therein. SECTION 18. REDEVELOPMENT TRUST FUND. The Redevelopment Trust Fund has been created and established as described herein and the funds to be allocated and deposited into the Omni Revenue Bond Trust Fund Account therein, as created pursuant to Section 19 below, have been provided to the Issuer to finance community redevelopment projects within the Redevelopment Area pursuant to the Redevelopment Plan. The Owners of Series 2026 Bonds and any Additional Bonds shall have no right to require the imposition of any tax or the establishment of any rate of taxation in order to obtain the amounts necessary to pay and retire such Series 2026 Bonds and Additional Bonds. SECTION 19. REDEVELOPMENT BOND FUND. There are hereby created and established the "Omni Revenue Bond Trust Fund Account," and the "Redevelopment Revenue Bond Fund." The Redevelopment Revenue Bond Fund shall contain the "Debt Service Account," the "Reserve Account" and the "Rebate Account." Moneys in the Redevelopment Revenue Bond Fund, other than the Rebate Account, until applied in accordance with the provisions hereof, shall be subject to a lien and charge in favor of the Owners of the Series 2026 Bonds and for the further security of such Owners. The Issuer may at any time and from time to time deposit moneys from any one or more of the funds and accounts established hereby with an Authorized Depository. Any such Authorized Depository shall perform at the direction of the Issuer the duties of the Issuer in depositing, transferring and disbursing moneys to and from each of such funds and accounts as herein set forth, and all records of such Authorized Depository in performing such duties shall be open at all reasonable times to inspection by the Issuer and its agents and employees. SECTION 20. DISPOSITION OF PLEDGED REVENUES. The Pledged Revenues shall be deposited immediately upon receipt in the Omni Revenue Bond Trust Fund Account and upon such deposit shall be subject to the pledge and lien of this Resolution pursuant to Section 16 hereof. The Series 2026 Bonds and Additional Bonds issued in accordance with the terms hereof shall be secured by a parity and equal lien on the Pledged Revenues on deposit in the Omni Revenue Bond Trust Fund Account. In each fiscal year of the Issuer, Pledged Revenues shall be timely transferred from the Omni Revenue Bond Trust Fund Account and deposited to the credit of the Redevelopment Revenue Bond Fund upon receipt in an amount sufficient to make the deposits required by Section 21 below. City of Miami Page 12 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 66 1.2 SECTION 21. DISPOSITION OF FUNDS IN THE REDEVELOPMENT REVENUE BOND FUND. Funds in the Redevelopment Revenue Bond Fund shall be applied in each Bond Year only in the following order and priority: (A) First, by deposit into the Debt Service Account an amount which, together with other amounts deposited therein will be equal to the Debt Service Requirement coming due during the then -current Bond Year with respect to the Series 2026 Bonds and Additional Bonds, until there are sufficient funds then on deposit equal to the sum of the interest, principal and redemption payments due, respectively, on the Series 2026 Bonds and Additional Bonds, on the interest and principal payment dates and redemption dates in such Bond Year. Deposits shall be increased or decreased to the extent required to pay principal, interest and redemption premiums next becoming due, after making allowance for any accrued and capitalized interest, and to make up any deficiency or loss that may otherwise arise in such fund or accounts. Moneys on deposit in the Debt Service Account shall be used solely for the payment of the interest on and the principal of and any redemption premiums required with respect to the Series 2026 Bonds and for the other purposes provided by the terms of this Section, including payment on Additional Bonds in accordance with the terms thereof. The Issuer will apply funds deposited for the redemption of the Series 2026 Bonds then subject to redemption in the foregoing manner as will exhaust the money then held for the redemption of such Series 2026 Bonds as nearly as may be possible. (B) There shall next be deposited to the Reserve Account, amounts, which, after taking into account other funds then on deposit therein, will be sufficient to make the funds (on deposit therein equal to the Reserve Requirement; provided, however, that if the funds on deposit in the Reserve Account are less than the Reserve Requirement as a result of a withdrawal therefrom for the payment of debt service on the Series 2026 Bonds due to a deficiency in the amounts available in the Debt Service Account, as provided below, the amount of such deficiency is to be repaid no later than twenty-four (24) months from the date of such draw (assuming equal monthly payments into the Reserve Account of such twenty-four (24) month period). Notwithstanding the foregoing, if a deficiency occurs in the Reserve Account due to the valuation of investments held therein as a result of the valuation required by Section 22 hereof, the Issuer shall cure such deficiency by no later than twelve (12) months from the date of the valuation resulting in such deficiency (assuming equal monthly payments into the Reserve Account of such twelve (12) month period). On or prior to each principal and interest payment date for the Series 2026 Bonds, moneys in the Reserve Account shall be applied by the Issuer to the payment of the principal of, or redemption price, if applicable, and interest on the Series 2026 Bonds to the extent moneys in the Debt Service Account are insufficient therefor. If Additional Bonds are secured by the Reserve Account, the Issuer shall establish a separate subaccount within the Reserve Account to secure such Additional Bonds which subaccount shall only secure the Additional Bonds and the Additional Bonds shall have no lien on or pledge of the moneys on deposit in the Reserve Account for the benefit of the Series 2026 Bonds. (C) Then, to any Registrar, Paying Agent, remarketing agent or similar agent with respect to the Series 2026 Bonds, or to any party providing services in connection with the remaining outstanding Series 2026 Bonds an amount equal to the fees and expenses of such persons accruing in such Bond Year. After making the deposits required pursuant to subsections (a), (b), and (c) above, amounts available in the Omni Revenue Trust Fund Account shall be redeposited into the Redevelopment Trust Fund and may be used and applied by the Issuer for any lawful purpose of the Issuer in accordance with the Redevelopment Act. City of Miami Page 13 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 67 1.2 SECTION 22. INVESTMENT OF MONEYS. Moneys held for the credit and accounts established hereunder shall be continuously secured in the manner by which the deposit of public funds is authorized to be secured by the laws of the State. Moneys on deposit in the Project Fund, the Debt Service Account and Reserve Account (including the accounts and subaccounts therein) may only be invested and reinvested in Investment Obligations maturing not later than the date on which the moneys therein will be needed for the purposes of such fund or account. Notwithstanding the foregoing, all Investment Obligations deposited to the Reserve Account must be rated "AA" or "Aa" by either S&P Global Ratings or Moody's Investors Service. All investments shall be valued at market price, exclusive of accrued interest. Valuation shall occur no less frequently than annually, except in the event of a withdrawal from the Reserve Account, whereupon investments in the Reserve Account shall be valued immediately after such withdrawal. Moneys in the Rebate Account may be invested in Investment Obligations to the extent the same will not cause interest on any Series 2026 Bonds outstanding hereunder to be includable in gross income for federal income tax purposes. Except as otherwise provided herein, including specifically, the obligations of the Issuer with respect to the funding of the Rebate Account set forth in Section 23 hereof, any and all income received by the Issuer from the investment of moneys in the Project Fund and the Debt Service Account (including the accounts and subaccounts therein) and the Reserve Account (to the extent such income and the other amounts therein are less than the Reserve Requirement), shall be retained in such respective fund, account or subaccount until the amount on deposit therein is sufficient for the purpose thereof, and thereafter may be applied for any lawful purpose of the Issuer permitted under the Redevelopment Act. Investment income received from the investment of funds on deposit in a subaccount in the Reserve Account, to the extent that amounts on deposit therein exceed the Reserve Requirement, shall be transferred to the Debt Service Account. Nothing contained in this Resolution shall prevent any Investment Obligations acquired as investments of or security for funds held under this Resolution from being issued or held in book -entry form on the books of the Department of the Treasury of the United States. SECTION 23. TAX COVENANTS. With respect to any Section 2026 Bonds for which the Issuer intends on the date of issuance thereof for the interest thereon to be excluded from gross income for purposes of Federal income taxation (the "Tax -Exempt Series 2026 Bonds"): (A) The Issuer covenants with the Owners of the Tax -Exempt Series 2026 Bonds that it shall not use the proceeds of such Series 2026 Bonds in any manner which would cause the interest on such Tax -Exempt Series 2026 Bonds to be or become includable in the gross income of the Owner thereof for federal income tax purposes. (B) The Issuer covenants with the Owners of the Tax -Exempt Series 2026 Bonds that neither the Issuer nor any Person under its control or direction will make any use of the proceeds of such Tax -Exempt Series 2026 Bonds (or amounts deemed to be proceeds under the Code) in any manner which would cause such Tax -Exempt Series 2026 Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code and neither the Issuer nor any other Person shall do any act or fail to do any act which would cause the interest on such Tax - Exempt Series 2026 Bonds to become includable in the gross income of the Owner thereof for federal income tax purposes. (C) The Issuer hereby covenants with the Owners of Tax -Exempt Series 2026 Bonds that it will comply with all provisions of the Code necessary to maintain the exclusion of interest on the Tax -Exempt Series 2026 Bonds from the gross income of the Owner thereof for federal income tax purposes, including, in particular, the payment of any amount required to be rebated to the U.S. Treasury pursuant to the Code. City of Miami Page 14 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 68 1.2 (D) There is hereby created and established a fund to be known as the "Omni Redevelopment District Redevelopment Revenue Bonds Rebate Fund" (the "Rebate Fund"). The Issuer shall deposit into the appropriate account in the Rebate Fund, from investment earnings on moneys deposited in the other funds and accounts created hereunder, or from any other legally available funds of the Issuer, an amount equal to the amount required to be rebated (the "Rebate Amount"). The Issuer shall use such moneys deposited in the Rebate Fund only for the payment of the Rebate Amount to the United States as required by this Section. If any amount shall remain in the Rebate Fund after payment in full of all Tax -Exempt Series 2026 Bonds issued hereunder and after payment in full of the Rebate Amount to the United States in accordance with the terms hereof, such amounts shall be available to the Issuer for any lawful purpose. The Rebate Fund shall be held separate and apart from all other funds and accounts of the Issuer, shall not be impressed with a lien in favor of the Owners and the moneys therein shall be available for use only as herein provided. SECTION 24. REPRESENTATIONS AND WARRANTIES OF THE ISSUER. The Issuer represents and warrants as follows: (A) Existence. The Issuer is a community redevelopment agency, duly created and validly existing under the laws of the State of Florida, with full legal right, power and authority to adopt this Resolution, to perform its obligations hereunder and, subject to approval by resolution of the City, to issue and deliver the Series 2026 Bonds to the Purchaser. Upon adoption of such approving resolution of the City, the adoption of this Resolution on the part of the Issuer and the issuance and delivery of the Series 2026 Bonds will have been duly authorized by all necessary action on the part of the Issuer and the City and will not violate or conflict with the Act, or any agreement, indenture or other instrument by which the Issuer or any of its material properties is bound. (B) Validity, Etc. This Resolution and the Series 2026 Bonds are valid and binding obligations of the Issuer, enforceable against the Issuer in accordance with their respective terms, except to the extent that enforceability may be subject to valid bankruptcy, insolvency, financial emergency, reorganization, moratorium or similar laws relating to or from time to time affecting the enforcement of creditors' rights and except to the extent that the availability of certain remedies may be precluded by general principles of equity. (C) No Financial Material Adverse Change. Except as noted in the financial statements of the Issuer or as disclosed separately by the Issuer to the Purchaser, there are no actions, proceedings or investigations pending against the Issuer or affecting the Issuer (or any basis therefor known to the Issuer) which, either in any case or in the aggregate, might result in any material adverse change in the financial condition, business, prospects, affairs or operations of the Issuer or in any of its properties or assets, or in any material impairment of the right or ability of the Issuer to carry on its operations as now conducted or proposed to be conducted, or in any material liability on the part of the Issuer and none which questions the validity of this Resolution or the Series 2026 Bonds or of any action taken or to be taken in connection with the transactions contemplated hereby or thereby. (D) Powers of Issuer. The Issuer has the legal power and authority to pledge the Pledged Revenues as described herein to pay debt service on the Series 2026 Bonds. (E) Ratings. The Issuer covenants that it will receive the minimum ratings required within 60 days of the pricing date of the Series 2026 Bonds. City of Miami Page 15 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 69 1.2 SECTION 25. REDEVELOPMENT AREA AND BOUNDARIES; RECEIPT OF TAX INCREMENT REVENUES. (A) The Issuer will not permit the boundaries of the current redevelopment area to be reduced without the prior written consent of the Owners of the Series 2026 Bonds. (B) The Issuer covenants to do all things necessary or required on its part by the Act or other applicable provisions of the law, to maintain the levy, collection and receipt of the Tax Increment Revenues. The Issuer shall exercise all legally available remedies to enforce such levy, collection and receipt now or hereafter available under law. Without limiting the generality of the foregoing, the Issuer agrees not to cause or allow the Issuer to cease to exist or to shorten the scheduled sunset provisions with respect to the Issuer's existence without the prior written consent of the Owners of the Series 2026 Bonds. (C) The Issuer shall take all action necessary to ensure that all of the taxing authorities currently contributing to the Redevelopment Trust Fund shall continue to provide their required Tax Increment Revenues to the Issuer for deposit to the Redevelopment Trust Fund. (D) The Issuer shall not allow the Interlocal Agreement to be amended without the prior written consent of the Owners of the Series 2026 Bonds. (E) The Issuer shall not cause its expenses or other obligations to increase so as the Tax Increment Revenues would not be sufficient to cover debt service on the Series 2026 Bonds and any Additional Bonds at least 1.0x. SECTION 26. ADDITIONAL BONDS. The Issuer may issue one or more series of Additional Bonds or other debt obligations for any lawful purpose. No such Additional Bonds shall be issued unless (1) no Event of Default shall have occurred and be continuing hereunder, and (2) there shall have been obtained and filed with the Issuer and the Owners a statement of the Chairman or his/her designee: (a) stating that he or she has examined the books and records of the Issuer relating to the Tax Increment Revenues which have been received by the Issuer for deposit to the Redevelopment Trust Fund; (b) setting forth the amount of such Tax Increment Revenues during the twelve (12) consecutive months immediately preceding the date of sale of such Additional Bonds with respect to which such statement is made, and (c) stating that the amount of such Tax Increment Revenues received during the aforementioned 12-month period equals at least 1.50 times the maximum annual debt service on the Series 2026 Bonds, any Additional Bonds then outstanding and such proposed Additional Bonds with respect to which such statement is made. For variable rate debt, the Issuer shall assume a rate of interest equal to the greater of (a) 4.0%, (b) the initial interest rate on such variable rate debt plus 1.0%, or (c) the actual interest rate at the time of calculation. If any Additional Bonds are to be issued for the purpose of refunding any debt secured by the Pledged Revenues then outstanding, the conditions above shall not apply, provided that the issuance of such Additional Bonds shall not result in an increase in the aggregate amount of principal and interest becoming due in the current Fiscal Year or any subsequent Fiscal Year. Notwithstanding the foregoing, any reimbursement or payment obligations of the Issuer with respect to any Grant Agreement shall specifically subordinated to the repayment of the Series 2026 Bonds. SECTION 27. NO IMPAIRMENT. The Issuer covenants with the Owners of the Series 2026 Bonds that it will not, without the written consent of the Owners of the Series 2026 Bonds, enact any ordinance or adopt any resolution which repeals, impairs or amends in any manner City of Miami Page 16 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 70 1.2 adverse to the Owners, the rights granted to the Owners of the Series 2026 Bonds hereunder. The pledging of the Pledged Revenues in the manner provided herein shall not be subject to repeal, modification or impairment by any subsequent ordinance, resolution or other proceedings of the Issuer. The Issuer is presently entitled to receive Tax Increment Revenues to be deposited in the Redevelopment Trust Fund, and has taken all action required by law to entitle it to receive such revenues, and the Issuer will diligently enforce the obligation of any "taxing authority," as defined in section 163.340(24), Florida Statutes, as amended, to appropriate its proportionate share of the Tax Increment Revenues and will not take, or consent to or adversely permit, any action which will impair or adversely affect the obligation of each such taxing authority to appropriate its proportionate share of such revenues, impair or adversely affect in any manner the deposit of such revenues in the Redevelopment Trust Fund, or the pledge of the Pledged Revenues hereby. The Issuer shall be unconditionally and irrevocably obligated so long as the Series 2026 Bonds are outstanding to take all lawful action necessary or required in order to ensure that each such taxing authority shall appropriate its proportionate share of the Tax Increment Revenues as now or later required by law, and to make or cause to be made any deposits of tax increment revenues or other funds required by this Resolution. SECTION 28. CONTINUING DISCLOSURE. The Issuer hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Agreement, in substantially the form attached hereto as Exhibit "G", to be executed by the Issuer and dated the date of the issuance and delivery of the Series 2026 Bonds, as it may be amended from time to time in accordance with the terms thereof. Notwithstanding any other provisions of this Resolution, failure of the Issuer to comply with such Continuing Disclosure Agreement shall not be considered an event of default; however, any Owner may take action as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the Issuer to comply with its obligations under this Section. SECTION 29. APPOINTMENT OF REGISTRAR AND PAYING AGENT. Argent Institutional Trust, Tampa, Florida is hereby appointed as Registrar and Paying Agent for the Series 2026 Bonds. The Chairman and the Clerk are hereby authorized to enter into any agreements with such Registrar and Paying Agent, which may be necessary to reflect the obligation of such Registrar and Paying Agent to accept and perform the respective duties imposed upon each and to effectuate the transactions contemplated, by this Resolution. SECTION 30. EVENTS OF DEFAULT; REMEDIES OF OWNER OF THE SERIES 2026 BONDS. The following shall constitute events of default: (i) if the Issuer fails to pay any payment of principal of or interest on the Series 2026 Bonds as the same becomes due and payable; or (ii) if the Issuer defaults in the performance or observance of any covenant or agreement contained in this Resolution or the Series 2026 Bonds (other than set forth in (i) above) and fails to cure the same within thirty (30) days; or (iii) any representation or warranty made in writing by or on behalf of the Issuer in this Resolution or the Series 2026 Bonds shall prove to have been false or incorrect in any material respect on the date made or reaffirmed; or (iv) the Issuer admits in writing its inability to pay its debts generally as they become due or files a petition in bankruptcy or makes an assignment for the benefit of its creditors or consents to the appointment of a receiver or trustee for itself; or City of Miami Page 17 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 71 1.2 (v) the Issuer is adjudged insolvent by a court of competent jurisdiction, or it is adjudged a bankrupt on a petition in bankruptcy filed by or against the Issuer, or an order, judgment or decree is entered by any court of competent jurisdiction appointing, without the consent of the Issuer, a receiver or trustee of the Issuer or of the whole or any part of its property, and if the aforesaid adjudications, orders, judgments or decrees shall not be vacated or set aside or stayed within 90 days from the date of entry thereof; or (vi) the Issuer shall file a petition or answer seeking reorganization or any arrangement under the federal bankruptcy laws or any other applicable law or statute of the United States of America or the State; or (vii) failure by the Issuer promptly to remove any execution, garnishment or attachment of such consequence as will materially impair the Issuer's ability to carry out its obligations hereunder. Upon the occurrence and during the continuation of any Event of Default, the Owners may either at law or in equity, by suit, action, mandamus or other proceeding in any court of competent jurisdiction, protect and enforce any and all rights under the laws of the State, or granted or contained in this Resolution, and may enforce and compel the performance of all duties required by this Resolution, or by any applicable statutes to be performed by the Issuer or by any officer thereof; provided, however, that acceleration of amounts due under the Series 2026 Bonds is not a remedy hereunder. SECTION 31. FURTHER AUTHORIZATIONS. The Chairman, the Clerk, the Executive Director, the General Counsel to the Issuer or any other appropriate officers of the Issuer are hereby authorized and directed to execute any and all certifications or other instruments or documents required by this Resolution or any other document referred to above as a prerequisite or precondition to the issuance of the Series 2026 Bonds and any such representation made therein by officers or representatives of the Issuer shall be deemed to be made on behalf of the Issuer. The Executive Director is hereby authorized to execute and deliver all documents authorized to be executed by the Chairman. All action taken to date by the officers of the Issuer in furtherance of the issuance of the Series 2026 Bonds is hereby approved, confirmed and ratified. SECTION 32. MODIFICATION OR AMENDMENT. This Resolution shall not be modified or amended in any respect subsequent to the issuance of the Series 2026 Bonds except with the written consent of all of the Owners of the Series 2026 Bonds. SECTION 33. CONFLICTS REPEALED. All Resolutions in conflict or inconsistent with this Resolution are to the extent of such conflict or inconsistency hereby modified or repealed. SECTION 34. EFFECTIVE DATE. This Resolution shall take effect immediately upon approval. APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 18 of 18 File ID: 18635 (Revision:) Printed On: 12/4/2025 Packet Pg. 72 1.2.a EXHIBIT A PROJECTS Parks and Recreations facilities improvements Infrastructure improvement including streets, sidewalks, baywalks, Stormwater system upgrades, parking facilities, and public transportation facilities Housing including purchases of land for redevelopment, financial grants to developers for building affordable and workforce housing, infill single family housing, rehabilitation of existing housing inventory - Omni CRA Property NW 20th Street - Omni CRA Property MEC - Unidos, NR Investments (14th Street) - Temple Israel Mixed Income Tower (NE 2nd) - Chapman Partnership Mixed Income/Transitional Housing (NW 1st Avenue) - Miami Dade County School Board Mixed Income Tower P3 Redevelopment Grant support of public private partnership mixed use redevelopment opportunities with Miami -Dade County Public Schools to redeveloped several acres within the CRA district Commercial Business Support Buildouts and Rehabs Attachment: 18635 Exhibit A (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) A-1 Packet Pg. 73 1.2.b EXHIBIT B PROPOSAL C- Packet Pg. 74 1.2.b lit Omni �1 C R A N N G1 d N C O m Cd 7 > O > City of Miami Community Redevelopment Agency (Omni CRA) Response to Request for Proposals Tax Increment Revenue Bond, Series 2026 (Taxable and Tax -Exempt) November 21, 2025 Submitted By: Morgan Stanley & Co. LLC 1200 South Pine Island Rd. Suite 800 Plantation, FL 33324 Morgan Stanley Packet Pg. 75 0 0 C6 (1) M to CO m s x to I co c E 1.2.b Morgan Stanley Larry Spring, City of Miami Community Redevelopment Agency CC: Sergio Masvidal, PFM Financial Advisors LLC Pete Varona, PFMFinancial Advisors LLC 1200 S. Pine Island Rd., Suite 800 Plantation, FL 33324 November 21, 2025 Dear Mr. Spring: On behalf of Morgan Stanley & Co. LLC ("Morgan Stanley" or the "Firm"), we are pleased to respond to the City of Miami Community Redevelopment Agency's (Omni CRA) (the "CRA") Request for Proposals for Tax Increment Revenue Bond, Series 2026. Included within is a term sheet with details of our proposal. Below, we highlight key elements of our proposal and examples of similar direct purchase transactions we have executed in Florida. Key Terms. Morgan Stanley proposes to purchase the full $150 million bond following the amortization schedule provided in the RFP (i.e. through September 1, 2047). Our direct purchases are priced transparently as a spread to MMD and feature a 10-year par call for future refunding optionality. They are structured as CUSIP securities with terms and features consistent with public market certificates, but without the requirement of an offering document, Appendix A -type disclosure, or marketing process. The Bonds are sold directly to Morgan Stanley through a bond purchase agreement and standard tax- exempt certificate documents. Morgan Stanley can be flexible as to when ratings are procured subject to credit diligence. Morgan Stanley has also provided a taxable loan term sheet (subject to certain limitations and loan conditions) that may become part of the CRA's financing requirements. Similar Transactions. Below, we outline three transactions involving Florida issuers that were directly purchased by Morgan Stanley, demonstrating our expertise and the strong performance of our direct purchase product. • $50,000,000 North Miami Community Redevelopment Agency's ("NMCRA") Redevelopment Revenue Bonds, Series 2024. Proceeds from the Bonds will be used to fund affordable housing, commercial, and mixed -use project improvements, as well as funding the debt service reserve fund requirement associated with the Bonds. Morgan Stanley's Municipal Structuring and Lending Group was able to provide the NMCRA with a streamlined execution, having served as a sole purchaser for the bonds, allowing the NMCRA to price without disclosure, offering documents, and a marketing process. The bonds were priced at agreed upon spreads to MMD, providing the CRA with full transparency on pricing levels relative to the tax-exempt market. • S38,270,000 City of Hialeah, Florida Utility System Revenue Bonds, Series 2022. Morgan Stanley was able to provide the City with a streamlined execution, having served as a sole purchaser for the refunding bonds, allowing the City to price without disclosure, offering documents, and a marketing process. While Morgan Stanley offered the ability to defer ratings up to two months post pricing, the City opted to procure its rating in advance of pricing. Morgan Stanley was able to purchase the bonds with one rating, an embedded 10-year par call, and no requirement for an offering document now or at any point in the future. • $67,765,000 School Board of Broward County, Certificates of Participation, Series 2022A. Proceeds of the Bonds were used to execute a forward direct purchase refunding. Morgan Stanley was awarded the mandate due to competitive and transparent pricing, flexibility with direct purchase terms, and ease of execution. We look forward to the opportunity to work with the CRA as the direct purchaser of the transaction. Please do not hesitate to contact any of us directly if you have questions. Sincerely, J.W. Howard Executive Director (954) 509-3532 James.Howard@ms.com Sandy Goldstein Executive Director (212) 761-2890 Sandy.Goldstein@ms.com Tornan Stanley Packet Pg. 76 1.2.b Table of Contents Section 1 Term Sheet Appendix A Disclaimers Morgan Stanley Packet Pg. 77 1.2.b Section 1 Term Sheet Morgan Stanley Packet Pg. 78 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternr Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Transaction Overview Issuer/Borrower Purchaser Description Security Proceeds Proposal Date Terms of Bonds and Fees Principal Amount of Bonds Pricing Date Closing Date Tax Status Amortization Optional Redemption Form of Security Coupons and MMD Spreads Debt Service Reserve Fund Credit Ratings' Rating Agencies' Official Statement' Continuing Disclosure' City of Miami Community Redevelopment Agency (the "CRA" or the "Agency") Morgan Stanley Bank, N.A. ("MSBNA") or an affiliate The Purchaser will purchase bonds of the Issuer (the "Bonds"). The Bonds will be sold by the Issuer and purchased by Purchaser pursuant to a direct purchase without an Official Statement The transaction contemplated herein will not be an underwriting and will not involve an offering of the Bonds to the public. The Purchaser will be acting as an investor and purchase the Bonds for its own investment portfolio, with no present intent to redistribute or resell Payment of principal and interest on the Series 2026 Bond is secured by a first lien on and pledge of the Pledged Revenues, consisting of Increment Revenues deposited into the Redevelopment Trust Fund pursuant to Section 163.387, Florida Statutes, together with all amounts on deposit in the Restricted Debt Service Reserve Account. The Series 2026 Bond will be issued on parity with the CRA's Tax Increment Revenue Note, Series 2018A, and Tax Increment Revenue Note, Taxable Series 2018B Proceeds of the Series 2026 Bond will be used to finance development and redevelopment projects within the bounds of the CRA, fund a deposit to the existing reserve fund, and pay costs of issuance November 21, 2025 Not to exceed $150,000,000 [January 14, 2026] [To be a mutually agreed upon date between Purchaser and Borrower] [Within 2 weeks of Pricing Date] [To be a mutually agreed upon date between Purchaser and Borrower] Tax-exempt (Non-AMT) See Schedule I 10 year par call DTC eligible security with CUSIPs in one or more series See Schedule I An amount equal to the lesser of (i) Maximum Annual Debt Service, (ii) 125% of Average Annual Debt Service, or (iii) 10% of par amount The Borrower will covenant to have an underlying rating of at least BBB on the Bonds publicly from at least one of the Rating Agencies within 30-60 days after the Pricing Date Moody's or S&P None required At or prior to the Closing Date, the Borrower shall enter into a Continuing Disclosure Agreement to provide annual financial information, material event notices, and an annual NOTE: This is an integral component for establishing the Coupons and MMD Spreads included in Schedule L Please see the .section titled "Pricing Considerations" below for additional detail. Please see additional important information and qualifications at the end of this material. 1 Packet Pg. 79 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternt Sheet constitutes a brief suntntary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Authorized Denominations2'3 Commitment Fee Terms and Covenants Transaction Documentation Conditions & Representations Covenants3 Extraordinary Redemption Cost of Issuance Due Diligence Investor Letter Transfer Restrictions3 Ancillary Business3 Municipal Advisor Borrower certificate confirming compliance with the DSCR Test and attesting to Non - Impairment. As long as the Bonds are outstanding, the Continuing Disclosure Agreement shall be in full force and effect $100,000 0.250% of par, due on the Closing Date The Bonds will be issued under the same four of documentation used for comparable transactions and to be created for this series of Bonds, whether Resolution, Indenture, Interlocal Agreement, and/or supplements thereto ("Bond Documents"). The Bonds, the authorization documents, the Bond Purchase Agreement, a bond counsel opinion acceptable to the Purchaser, the Continuing Disclosure Agreement and the Bond Documents are herein collectively referred to as the "Transaction Documents." Within 30 days of the Closing Date, the Bond Documents and Bond Counsel Opinion shall be posted to EMMA (or another approved public medium) in a form acceptable to both the Borrower and the Purchaser. Customary for transactions of this nature, including but not limited to no material litigation or event of default The Borrower covenants to ensure that the increment revenues are equal to at least 1.50 tunes the maximum annual debt service on all debt obligations secured by the increment revenues ("DSCR Test") and will not take any action which would result in the increment revenues being less than 1.50 times the maximum annual debt service on all debt obligations secured by the increment revenues ("Non -Impairment") Any Extraordinary Redemption provision will have a redemption price of amortized value (purchase price less amortization of bond premium) Customary for a transaction of this nature, including but not limited to the costs of Borrower's counsel, Purchaser's Counsel, bond counsel, Borrower's financial advisor, bond trustee, master trustee, and Rating Agencies. To be paid for by the Borrower The Purchaser shall be given the opportunity to conduct due diligence of the Borrower prior to the Pricing Date. Any material non-public information related to the Borrower incurred during diligence and/or supplemental documentation required by the Purchaser shall be posted to EMMA (or another approved public medium) in a form acceptable to the Purchaser and reasonably agreed upon by the Purchaser and the Borrower. To be executed by the Purchaser prior to sale; no traveling Investor Letter shall be required No restriction on the sale of the Bonds No ancillary business will be required in conjunction with this proposal (a) The Purchaser is not recommending an action to you; (b) The Purchaser is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to you with respect to the information and material contained in this communication; (c) The Purchaser is acting fbr its own interests; (d) you should discuss any information and material contained in this communication with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material. The information provided is for discussion purposes only in anticipation of entering into a direct purchase directly from you for the Purchaser's own account. The inforrnation contained herein is in anticipation of an arm's-length commercial transaction with the ` $5, 000 denominations would result in tighter spreads, pricing available upon request. 3 NOTE: This is an integral component for establishing the Coupons and MMD Spreads included in Schedule L Please see the .section titled "Pricing Considerations" below for additional detail. Please see additional important information and qualifications at the end of this material. 2 Packet Pg. 80 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternt Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Pricing Considerations Confidentiality issuer, and as such, the Purchaser has financial and other interests that differ from those of the issuer and obligated persons. Any non -historical interest rates used herein are hypothetical and take into consideration conditions in today's market and other factual information such as the issuer's or obligated person's credit rating, geographic location and market sector. As such, these rates should not be viewed as rates that the Purchaser guarantees to achieve for the transaction should we purchase the bonds directtvfrom the issuer. Any information about interest rates and terms for SLGS is based on current publicly available information and treasury or agency rates for open -market escrows are based on current market interest rates for these types of credits and should nor be seen as costs or rates that the Purchaser guarantees to achieve for the transaction. The preliminary terms and conditions contemplated herein are based upon certain assumptions made on behalf of the Borrower with regards to the ability to have the Bonds rated, to comply with the continuing disclosure requirement and to permit the Bonds to trade in a format and price substantially similar to other parity obligations that presently exist in the marketplace. Considerations are subject to further due diligence, including but not limited to information requested on November 7, 2025, in accordance with the RFP. Should the facts and circumstances related to ratings, disclosure or the ability of the Bonds to trade at substantially similar prices to other similar investments in the marketplace change versus what is described herein, the pricing indicated herein will be revised in order to compensate the Purchaser for the change in the value of the investment This document is intended for the internal use of the recipient only and may not be distributed externally or reproduced for external distribution in any form without express written permission from Purchaser Counsel and Documents Acceptance of Terms The pricing indicated herein remains subject to market conditions until the Pricing Date. The proposal remains subject to additional due diligence and credit approval of the Purchaser Upon acceptance of the proposal by both the Borrower and the Purchaser, documentation will be created which will include these terms and conditions as well as warranties and covenants specific to this transaction. The contents herein provide an indication of terms and are not a contract, commitment, or intent to be bound Purchaser's Counsel Nabors, Giblin & Nickerson, P.A. Estimated Counsel Fee $40,000.00 Legal Fees The Borrower shall be responsible for all reasonable fees incurred by the Purchaser with respect to Purchaser's Counsel Please see additional important information and qualifications at the end of this material. 3 Packet Pg. 81 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternr Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Contacts Morgan Stanley & Co. LLC 1200 South Pine Island Road, Ste 800 Plantation, FL 33324 J.W. Howard Executive Director Phone: 954.509.3532 James.Howard@morganstanley.com Morgan Stanley & Co. LLC 1585 Broadway, 11th Floor New York, NY 10036 Sandy Goldstein Executive Director Phone: 212.761.2890 Sandy.Goldstein@morganstanley.com Morgan Stanley & Co. LLC 1585 Broadway, 11t1i Floor New York, NY 10036 Susan Lee Vice President Phone: 212.761.1778 Susan.Lee@morganstanley.com Please see additional important information and qualifications at the end of this material. 4 Packet Pg. 82 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternr Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Schedule I Maturity Date Principal Amount* Coupons MMD as of 11.19.2025 Credit Spread (bps) Pricing Yield as of 11.19.2025 9/1/2027 1,875,000 5.00% 2.47% 90 3.37% 9/1/2028 0 5.00% 2.46% 95 3.41% 9/1/2029 0 5.00% 2.44% 100 3.44% 9/1/2030 1,720,000 5.00% 2.41% 105 3.46% 9/1/2031 3,120,000 5.00% 2.45% 108 3.53% 9/1/2032 6,125,000 5.00% 2.52% 110 3.62% 9/1/2033 6,400,000 5.00% 2.58% 115 3.73% 9/1/2034 6,690,000 5.00% 2.63% 120 3.83% 9/1/2035 6,990,000 5.00% 2.73% 125 3.98% 9/1/2036 7,305,000 5.00% 2.84% 125 4.09% 9/1/2037 7,635,000 5.00% 2.95% 125 4.20% 9/1/2038 7,980,000 5.00% 3.05% 125 4.30% 9/1/2039 8,335,000 5.00% 3.16% 125 4.41% 9/1/2040 8,710,000 5.00% 3.28% 125 4.53% 9/1/2041 9,105,000 5.00% 3.42% 125 4.67% 9/1/2042 9,515,000 5.00% 3.55% 125 4.80% 9/1/2043 9,940,000 5.25% 3.67% 120 4.87% 9/1/2044 10,390,000 5.25% 3.79% 120 4.99% 9/1/2045 11,425,000 5.25% 3.86% 120 5.06% 9/1/2046 13,075,000 5.25% 3.93% 120 5.13% 9/1/2047 13,665,000 5.25% 3.98% 120 5.18% *Indicative amortization schedule that may be subject to change 5 Please see additional important information and qualifications at the end of this material. Packet Pg. 83 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Direct Purchase of Bonds Preliminary Terms and Conditions for Purchase NOTE: This Ternr Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to ull approvals and does not constitute an offer or commitment. Disclaimer The information in this material was prepared by sales, trading, or other non -research personnel of Morgan Stanley for institutional investors. This is not a research report, and unless otherwise indicated, the views herein (if any) are the author's and may differ from those of our Research Department or others in the Finn. This material is not independent of the interests of our trading and other activities, which may conflict with your interests. We may deal in any of the markets, issuers, or instruments mentioned herein before or after providing this information, as principal, market maker, or liquidity provider and may also seek to advise issuers or other market participants. Where you provide us with information relating to an order, inquiry, or potential transaction, we may use that information to facilitate execution and in managing our market making and hedging activities. This material does not provide investment advice or offer tax, regulatory, accounting, or legal advice. By submitting this document to you, Morgan Stanley is not your fiduciary, municipal, or any other type of advisor. This material is not based on a consideration of any individual client circumstances and thus should not be considered a recommendation to any recipient or group of recipients. This material is an invitation to consider entering into derivatives transactions under CFTC Rules 1.71 and 23.605 (where applicable) but is not a binding offer to buy or sell any instrument or enter into any transaction. Unless otherwise specifically indicated, all information in these materials with respect to any third party entity not affiliated with Morgan Stanley has been provided by, and is the sole responsibility of, such third party and has not bccn independently verified by Morgan Stanley, our affiliates or any other independent third party. We make no express or implied representation or warranty with respect to thc accuracy or completeness of this material, nor will we undertake to provide updated information or notify recipients when information contained herein becomes stale. Any prices contained herein are indicative only and should not be relied upon for valuation or for any use with third parties. All financial information is taken from company disclosures and presentations (including 1 OQ, 1 OK and 8K filings and othcr public announcements), unless otherwise noted. Any securities referred to in this material may not have bccn registered under the U.S. Securities Act of 1933, as amended and, if not, may not be offered or sold absent an exemption therefrom. In relation to any member state of the European Economic Area, a prospectus may not have bccn published pursuant to measures implementing thc Prospectus Directive (2003/71/EC) and any securities referred to herein may not be offered in circumstances that would require such publication. Recipients are required to comply with any legal or contractual restrictions on their purchase, holding, sale, exercise of rights, or performance of obligations under any instrument or otherwise applicable to any transaction. In addition, a secondary market may not exist for certain of the instruments referenced herein. The value of and income from investments may vary because of, among other things, changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities, prices of instruments or securities, markct indexes, operational, or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in instruments (or related derivatives) transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance arc based on assumptions that may not be realized. Actual events may differ from those assumed, and changes to any assumptions may have a material impact on any projcctions or estimates. Other events not taken into account may occur and may significantly affect any projcctions or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation or calculation of any projections or estimates, and Morgan Stanley does not repres ent that any such assumptions will reflect actual future events or that all assumptions have been considered or stated. Accordingly, there can be no assurance that any hypothetical estimated returns or projections will be realized or that actual returns or performance results will not materially differ. Some of the information contained in this document may be aggregated data of transactions executed by Morgan Stanley that has been compiled so as not to identify the underlying transactions of any particular customer. This information is not intended to be provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules, or regulations. 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This material may not be redistributed without the prior written consent of Morgan Stanley. 2025 Morgan Stanley 6 Please see additional important information and qualifications at the end of this material. Packet Pg. 84 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Lending in Bond Form — Purchase of Taxable Bonds Preliminary Terms and Conditions for Purchase NOTE: This Terns Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to all approvals and does not constitute an offer or commitment. Transaction Overview Issuer/Borrower City of Miami Community Redevelopment Agency (the "CRA" or the "Agency") Purchaser Morgan Stanley Bank, N.A. ("MSBNA") or an affiliate Description The Purchaser will purchase the above captioned bonds of the Issuer (the "Bonds"), on or before the Closing Date. The Purchaser intends to hold the Bonds for investment; however, the Purchaser reserves the right to resell or distribute the Bonds, in whole or in part, to one or more qualified institutional buyers or other eligible investors, in accordance with applicable law. Security Payment of principal and interest on the Series 2026 Bond is secured by a first lien on and pledge of the Pledged Revenues, consisting of Increment Revenues deposited into the Redevelopment Trust Fund pursuant to Section 163.387, Florida Statutes, together with all amounts on deposit in the Restricted Debt Service Reserve Account. The Series 2026 Bond will be issued on parity with the CRA's Tax Increment Revenue Note, Series 2018A, and Tax Increment Revenue Note, Taxable Series 2018B Proceeds Proceeds of the Series 2026 Bond will be used to finance development and redevelopment projects within the bounds of the CRA, fund a deposit to the existing reserve fund, and pay costs of issuance Proposal Date Terms of Bond and Fees Principal Amount of Bonds Closing Date Tax Status Amortization Optional Redemption Coupon Type Term Fixed Rate Index Spread to Fixed Rate Index Form of Security Payment Frequency Day Count Basis Credit Ratings Rating Agencies Official Statement Debt Service Reserve Fund Continuing Disclosure November 21, 2025 Not to exceed $50,000,000 [To be a mutually agreed upon date between Purchaser and Borrower] Taxable None Make Whole Call Fixed 7 Years 7-Year UST +145 bps DTC eligible security with CUSIP Semi -Annual Actual / 360 None Required N/A None required An amount equal to the lesser of (i) Maximum Annual Debt Service, (ii) 125% of Average Annual Debt Service, or (iii) 10% of par amount At or prior to the Closing Date, the Borrower shall enter into a Continuing Disclosure Agreement substantially similar to its existing undertakings, such that as long as the Bonds 1 Please see additional important information and qualifications at the end of this material. Packet Pg. 85 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Lending in Bond Form — Purchase of Taxable Bonds Preliminary Terms and Conditions for Purchase NOTE: This Terns Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to all approvals and does not constitute an offer or commitment. Authorized Denominations Commitment Fee Terms and Covenants Transaction Documentation Conditions & Representations Covenants Extraordinary Redemption Cost of Issuance Due Diligence Transfer Restrictions Municipal Advisor are outstanding, the Continuing Disclosure Agreement shall be in full force and effect. Borrower will also agree to file any missing required disclosure information with EMMA prior to the Closing Date $100,000 0.250% of par, due on the Closing Date Same as that used for senior indebtedness on a parity with the Bonds, whether Resolution, Indenture, Loan Agreement, Lease and/or supplements thereto ("Bond Documents"). The Bonds, the authorization documents, the Bond Purchase Agreement, a bond counsel opinion acceptable to the Lender, the Continuing Disclosure Agreement and the Bond Documents are herein collectively referred to as the "Transaction Documents." • Customary for Bonds of this type, including but not limited to no material litigation or Event of Default • Delivery of all required legal opinions including opinions of Bond Counsel and Issuer's Counsel in form and substance satisfactory to Lender and their counsel • Delivery of executed or certified copies, as applicable, of all Transaction Documents • Delivery of a certificate evidencing that (a) no Default or Event of Default shall have occurred, (b) all representations, warranties, and covenants shall be true and correct, (c) no material litigation is pending or threatened and (d) no material adverse change has occurred with respect to the Issuer • Issuer covenants to pay the principal and interest on the Bonds pursuant to the Transaction Documents • Same as existing obligations issued under the Master Trust Indenture • The Issuer covenants to ensure that the increment revenues are equal to at least 1.50 times the maximum annual debt service on all debt obligations secured by the increment revenues ("DSCR Test") and will not take any action which would result in the increment revenues being Tess than 1.50 times the maximum annual debt service on all debt obligations secured by the increment revenues (`Non -Impairment") Purchaser reserves the right to request covenants subject to final credit diligence and approval. Any Extraordinary Redemption provision will have a redemption price of amortized value (purchase price less amortization of bond premium) Customary for a transaction of this nature, including but not limited to the costs of Borrower's counsel, Purchaser's Counsel, bond counsel, Borrower's financial advisor, bond trustee, and master trustee. To be paid for by the Borrower The Lender shall be given the opportunity to conduct due diligence of the Borrower prior to the Closing Date Transfer is limited to bank's affiliates, commercial banks or other Qualified Institutional Buyers unless Issuer consents Morgan Stanley Bunk N.A. nor any of its affiliates ("Morgan Stanley') is not recommending an action to you; (b) Morgan Stanley is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to you with respect to the information and material contained in this communication; (c) Morgan Stanley is acting for its own interests; (d) you should discuss any information and material contained in this Please see additional important information and qualifications at the end of this material. 2 Packet Pg. 86 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Lending in Bond Form — Purchase of Taxable Bonds Preliminary Terms and Conditions for Purchase NOTE: This Terns Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to all approvals and does not constitute an offer or commitment. Pricing Considerations Confidentiality communication with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material. The information provided is for discussion purposes only in anticipation of entering into a direct purchase directly from you for Morgan Stanley's own account. The information contained herein is in anticipation of an arm'.s-length commercial transaction with the issuer, and as such, Morgan Stanley has financial and other interests that differ from those of the issuer and obligated persons. Any non -historical interest rates used herein are hypothetical and take into consideration conditions in today's market and other factual information such as the issuer's or ohligated person'.s credit rating, geographic location and market sector. As such, these rates should not he viewed as rates that Morgan Stanley guarantees to achievefin- the transaction should we purchase the bonds directly from the issuer. Any information about interest rates and terms fnr SLGs is based on currentpuhlically available information and treasury or agency rates for open -market escrows are based on current market interest rates for these types of credits and should not he seen as costs or rates that Morgan Stanley guarantees to achieve for the transaction. The preliminary terms and conditions contemplated herein are based upon certain assumptions made on behalf of the Borrower with regards to the credit of the Bonds, to comply with the continuing disclosure requirement and to permit the Bonds to trade in a format and price substantially similar to other parity obligations that presently exist in the marketplace. Considerations are subject to further due diligence, including but not limited to information requested on November 7, 2025, in accordance with the RFP. Should the facts and circumstances related to credit, disclosure or the ability of the Bonds to trade at substantially similar prices to other similar investments in the marketplace change versus what is described herein, the pricing indicated herein will be revised in order to compensate the Purchaser for the change in the value of the investment This document is intended for the internal use of the recipient only and may not be distributed externally or reproduced for external distribution in any form without express written permission from Purchaser Counsel and Documents Acceptance of Terms The pricing indicated herein remains subject to market conditions until the Term Sheet is executed by both the Issuer and the Lender. The proposal remains subject to additional due diligence and credit approval of the Lender. Upon acceptance of the proposal by both the Issuer and the Lender, documentation will be created which will include these terms and conditions as well as warranties and covenants specific to this transaction. The contents herein provide an indication of terms and are not a contract, commitment or intent to be bound. Purchaser's Counsel Nabors, Giblin & Nickerson, P.A. Estimated Counsel Fee $40,000.00 Legal Fees The Borrower shall be responsible for all reasonable fees incurred by the Purchaser with respect to Purchaser's Counsel Please see additional important information and qualifications at the end of this material. 3 Packet Pg. 87 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Lending in Bond Form — Purchase of Taxable Bonds Preliminary Terms and Conditions for Purchase NOTE: This Terns Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to all approvals and does not constitute an offer or commitment. Contacts Morgan Stanley & Co. LLC 1200 South Pine Island Road, Ste 800 Plantation, FL 33324 J.W. Howard Executive Director Phone: 954.509.3532 James.Howard@morganstanley.com Morgan Stanley & Co. LLC 1585 Broadway, 11th Floor New York, NY 10036 Sandy Goldstein Executive Director Phone: 212.761.2890 Sandy.Goldstein@morganstanley.com Susan Lee Vice President Phone: 212.761.1778 Susan.Lee@morganstanley.com Please see additional important information and qualifications at the end of this material. 4 Packet Pg. 88 1.2.b Morgan Stanley City of Miami Community Redevelopment Agency Lending in Bond Form — Purchase of Taxable Bonds Preliminary Terms and Conditions for Purchase NOTE: This Terns Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to all approvals and does not constitute an offer or commitment. Disclaimer The information in this material was prepared by sales, trading, or other non -research personnel of Morgan Stanley for institutional investors. This is not a research report, and unless otherwise indicated, the views herein (if any) are the author's and may differ from those of our Research Department or others in the Finn. This material is not independent of the interests of our trading and other activities, which may conflict with your interests. We may deal in any of the markets, issuers, or instruments mentioned herein before or after providing this information, as principal, market maker, or liquidity provider and may also seek to advise issuers or other market participants. Where you provide us with information relating to an order, inquiry, or potential transaction, we may use that information to facilitate execution and in managing our market making and hedging activities. This material does not provide investment advice or offer tax, regulatory, accounting, or legal advice. By submitting this document to you, Morgan Stanley is not your fiduciary, municipal, or any other type of advisor. This material is not based on a consideration of any individual client circumstances and thus should not be considered a recommendation to any recipient or group of recipients. This material is an invitation to consider entering into derivatives transactions under CFTC Rules 1.71 and 23.605 (where applicable) but is not a binding offer to buy or sell any instrument or enter into any transaction. Unless otherwise specifically indicated, all information in these materials with respect to any third party entity not affiliated with Morgan Stanley has been provided by, and is the sole responsibility of, such third party and has not bccn independently verified by Morgan Stanley, our affiliates or any other independent third party. We make no express or implied representation or warranty with respect to thc accuracy or completeness of this material, nor will we undertake to provide updated information or notify recipients when information contained herein becomes stale. Any prices contained herein are indicative only and should not be relied upon for valuation or for any use with third parties. All financial information is taken from company disclosures and presentations (including 1 OQ, 1 OK and 8K filings and othcr public announcements), unless otherwise noted. Any securities referred to in this material may not have bccn registered under the U.S. Securities Act of 1933, as amended and, if not, may not be offered or sold absent an exemption therefrom. In relation to any member state of the European Economic Area, a prospectus may not have bccn published pursuant to measures implementing thc Prospectus Directive (2003/71/EC) and any securities referred to herein may not be offered in circumstances that would require such publication. Recipients are required to comply with any legal or contractual restrictions on their purchase, holding, sale, exercise of rights, or performance of obligations under any instrument or otherwise applicable to any transaction. In addition, a secondary market may not exist for certain of the instruments referenced herein. The value of and income from investments may vary because of, among other things, changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities, prices of instruments or securities, market indexes, operational, or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in instruments (or related derivatives) transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance arc based on assumptions that may not be realized. Actual events may differ from those assumed, and changes to any assumptions may have a material impact on any projcctions or estimates. Other events not taken into account may occur and may significantly affect any projcctions or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation or calculation of any projections or estimates, and Morgan Stanley does not repres ent that any such assumptions will reflect actual future events or that all assumptions have been considered or stated. Accordingly, there can be no assurance that any hypothetical estimated returns or projections will be realized or that actual returns or performance results will not materially differ. Some of the information contained in this document may be aggregated data of transactions executed by Morgan Stanley that has been compiled so as not to identify the underlying transactions of any particular customer. This information is not intended to be provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules, or regulations. This communication is directed to and meant for sophisticated investors, including specifically, institutional investors in the U.S and those persons who are eligible counterparties or professional clients in the European Economic Area. It must not be re -distributed to or relied upon by retail clients. This information is being disseminated in Hong Kong by Morgan Stanley Asia Limited and is intended for professional investors (as defined in the Securities and Futures Ordinance) and is not directed at the public of Hong Kong. This information is being disseminated in Singapore by Morgan Stanley Asia (Singapore) Pte. This information has not been registered as a prospectus with the Monetary Authority of Singapore. 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CO 2025 Morgan Stanley Morgan Stanley Packet Pg. 92 1.2.b © 2025 Morgan Stanley Morgan Stanley Packet Pg. 93 1.2.c EXHIBIT C FORM OF BOND No. R- $ UNITED STATES OF AMERICA STATE OF FLORIDA OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY REDEVELOPMENT REVENUE BONDS, SERIES 2026[TAX-EXEMPT][TAXABLE] Interest Rate REGISTERED OWNER: Maturity Date Original Dated Date CUSIP PRINCIPAL AMOUNT: DOLLARS The Omni Redevelopment District Community Redevelopment Agency (hereinafter called the "Issuer"), for value received, hereby promises to pay to the Registered Owner identified above, or to registered assigns or legal representatives, but solely from the Pledged Revenues as hereinafter described, on the Maturity Date identified above (or earlier as hereinafter provided), the Principal Amount identified above, upon presentation and surrender hereof at the designated office of or its successors, as Bond Registrar and Paying Agent (the "Registrar"), and to pay, solely from such special revenues, interest on the principal sum from the date hereof, or from the most recent interest payment date to which interest has been paid, at the Interest Rate per annum identified above, until payment of the principal sum, or until provision for the payment thereof has been duly provided for, such interest being payable semiannually on the first day of [ ] and the first day of [ ] of each year, or on the first Business Day following such interest payment date if such interest payment date is not a Business Day commencing on [ 1, 20_]. Interest will be paid by check or draft mailed to the Registered Owner hereof at his address as it appears on the registration books of the Issuer maintained by the Registrar at the close of business on the 15th day (whether or not a business day) of the month next preceding the interest payment date (the "Record Date") or by wire transfer to Registered Owners of $1,000,000 or more in principal amount of Bonds, irrespective of any transfer or exchange of such Bond subsequent to such Record Date and prior to such interest payment date, unless the Issuer shall be in default in payment of interest due on such interest payment date. In the event of any such default, such defaulted interest shall be payable to the person in whose name such Bond is registered at the C-1 Packet Pg. 94 1.2.c close of business on a special record date for the payment of such defaulted interest as established by notice by deposit in the U.S. mail, postage prepaid, by the Issuer to the Registered Holders of Bonds not less than fifteen days preceding such special record date. Such notice shall be mailed to the persons in whose names the Bonds are registered at the close of business on the fifth (5th) day (whether or not a business day) preceding the date of mailing. This Bond and the interest hereon is payable solely from and secured by a lien upon and pledge of the Pledged Revenues and amounts held in certain funds and accounts established under the Bond Resolution (collectively, the "Pledged Revenues"), all in the manner and to the extent provided in Resolution No. adopted by the Issuer on , 2025 (as the same may be supplemented and amended from time to time, the "Bond Resolution"). All terms used herein in capitalized form and not otherwise defined shall have the meanings ascribed thereto in the Bond Resolution. Reference is hereby made to the Bond Resolution for the provisions, among others, relating to the terms, lien and security of the Bonds, the custody and application of the proceeds of the Bonds, the rights and remedies of the Registered Owners of the Bonds, the extent of and limitations, on the Issuer's rights, duties and obligations, and the provisions permitting the issuance of additional parity indebtedness, to all of which provisions the Registered Owner hereof for himself and his successors in interest assents by acceptance of this Bond. THIS BOND AND THE INDEBTEDNESS REPRESENTED HEREBY ARE LIMITED OBLIGATIONS OF THE ISSUER SECURED SOLELY BY THE PLEDGED REVENUES IN THE MANNER AND TO THE EXTENT PROVIDED IN THE BOND RESOLUTION AND SHALL NOT BE DEEMED TO CONSTITUTE A GENERAL OR MORAL INDEBTEDNESS OR A PLEDGE OF THE FAITH AND CREDIT OF THE ISSUER, THE COUNTY, THE CITY, THE STATE OF FLORIDA OR ANY OTHER POLITICAL SUBDIVISION THEREOF WITHIN THE MEANING OF ANY CONSTITUTIONAL, LEGISLATIVE OR CHARTER PROVISION OR LIMITATION. IT IS EXPRESSLY AGREED BY THE REGISTERED OWNER OF THIS BOND THAT SUCH REGISTERED OWNER SHALL NEVER HAVE THE RIGHT, DIRECTLY OR INDIRECTLY, TO REQUIRE OR COMPEL THE EXERCISE OF THE AD VALOREM TAXING POWER OF THE COUNTY, THE CITY, THE STATE OF FLORIDA OR ANY POLITICAL SUBDIVISION THEREOF OR TAXATION IN ANY FORM ON ANY REAL OR PERSONAL PROPERTY FOR THE PAYMENT OF THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON THIS BOND OR FOR THE PAYMENT OF ANY OTHER AMOUNTS PROVIDED FOR IN THE BOND RESOLUTION. IT IS FURTHER AGREED AS BETWEEN THE ISSUER AND THE REGISTERED OWNER OF THIS BOND THAT THIS BOND AND THE INDEBTEDNESS EVIDENCED HEREBY SHALL NOT CONSTITUTE A LIEN UPON ANY OTHER FUNDS OR PROPERTY OF OR IN THE ISSUER, BUT SHALL CONSTITUTE A LIEN ONLY ON THE PLEDGED REVENUES. THE ISSUER HAS NO TAXING POWER. This Bond is one of an authorized issue of Bonds in the aggregate principal amount of $ , of like date, tenor and effect, except as to number, maturity and interest rate, designated as "Redevelopment Revenue Bonds, Series " issued in connection with "community redevelopment" projects as defined in the Redevelopment Act to finance capital improvement projects pursuant to the authority of and in full compliance with the Constitution C-2 Packet Pg. 95 1.2.E and laws of the State of Florida, including particularly the Community Redevelopment Act of 1969, Part III, Chapter 163, Florida Statutes, as amended and other applicable provisions of law. This Bond is also subject to all of the terns and conditions of the Bond Resolution. The Bonds of this issue are subject to redemption prior to their maturity [Insert Term Bond amortization provisions], if any. The Bonds of this issue shall be further subject to redemption prior to their maturity at the option of the Issuer. [Insert optional redemption provisions]. Notice of such redemption shall be given in the manner required by the Bond Resolution. [insert mandatory tender provision for taxable bonds] The registration of this Bond may be transferred upon the registration books upon delivery to the designated office of the Registrar accompanied by a written instrument or instruments of transfer in form and with guaranty of signature satisfactory to the Registrar, duly executed by the owner of this Bond or by his attorney -in -fact or legal representative, containing written instructions as to the details of transfer of this Bond, along with the social security number or federal employer identification number of such transferee. In all cases of a transfer of a Bond, the Registrar shall at the earliest practical time in accordance with the provisions of the Bond Resolution enter the transfer of ownership in the registration books and shall deliver in the name of the new transferee or transferees a new fully registered Bond or Bonds of the same maturity and of authorized denomination or denominations, for the same aggregate principal amount and payable from the same source of funds. The Issuer and the Registrar may charge the owner of such Bond for the registration of every such transfer of a Bond an amount sufficient to reimburse them for any tax, fee or any other governmental charge required (other than by the Issuer) to be paid with respect to the registration of such transfer, and may require that such amounts be paid before any such new Bond shall be delivered. If the date for payment of the principal of, premium, if any, or interest on this Bond shall be other than a Business Day, then the date for such payment shall be the next succeeding Business Day, and payment on such day shall have the same force and effect as if made on the nominal date of payment. It is hereby certified and recited that all acts, conditions and things required to exist, to happen, and to be performed precedent to and in the issuance of this Bond exist, have happened and have been performed in regular and due form and time as required by the laws and Constitution of the State of Florida applicable hereto, and that the issuance of the Bonds of this Series does not violate any constitutional or statutory limitation or provision. Neither the members of the governing body of the Issuer nor any person executing the Bonds shall be liable personally on the Bonds by reason of their issuance. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond Resolution until the Certificate of Authentication endorsed hereon shall have been signed by the Registrar. C-3 Packet Pg. 96 1.2.c IN WITNESS WHEREOF, the Omni Redevelopment District Community Redevelopment Agency, has issued this Bond and has caused the same to be signed by the Chairman of the Issuer and attested by its Clerk, either manually or with their facsimile signatures, all as of the day of ATTESTED: By: Clerk OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY By: Chairman C-4 Packet Pg. 97 1.2.c CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds designated in and executed under the provisions of the within -mentioned Bond Resolution. as Registrar By Authorized Officer Date of Authentication: C-5 Packet Pg. 98 1.2.c ASSIGNMENT FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (Name and Address of Assignee) the within Bond and does hereby irrevocably constitute and appoint , as attorneys to register the transfer of the said Bond on the books kept for registration thereof with full power of substitution in the premises. Dated: Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company. NOTICE: The signature to this assignment must correspond with the name of the Registered Holder as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatever and the Social Security or other identifying number of such assignee must be supplied. C-6 Packet Pg. 99 1.2.r The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM — as tenants in common TEN ENT — as tenants by the entireties JT TEN — as joint tenants with right of survivorship and not as tenants in common UNIF TRANS MIN ACT — Custodian for (Cust) under Uniform Transfers to Minors Act of (State) Additional abbreviations may also be used though not in list above. [END OF FORM OF BOND] C-7 Packet Pg. 100 1.2.d EXHIBIT D FORM OF DISCLOSURE LETTER The undersigned, as purchaser of the herein described Series 2026 Bonds, proposes to negotiate with the Omni Redevelopment District Community Redevelopment Agency (the "Issuer") for the purchase of its Redevelopment Revenue Bonds, Series 2026 (the "Series 2026 Bonds") in the principal amount of $ . Prior to the award of the Series 2026 Bonds, the following information is hereby furnished to the Issuer: 1. Set forth is an itemized list of the nature and estimated amounts of expenses to be incurred for services rendered to us (the "Purchaser") in connection with the issuance of the Series 2026 Bonds (such fees and expenses to be paid by the Issuer): Legal Fees: Nabors, Giblin & Nickerson P.A $40,000. 2. (a) No other fee, bonus or other compensation is estimated to be paid by the Purchaser in connection with the issuance of the Series 2026 Bonds to any person not regularly employed or retained by the Purchaser (including any "finder" as defined in Section 218.386(1)(a), Florida Statutes), except as specifically enumerated as expenses to be incurred by the Purchaser, as set forth in paragraph (1) above. (b) No person has entered into an understanding with the Purchaser, or to the knowledge of the Purchaser, with the Issuer, for any paid or promised compensation or valuable consideration, directly or indirectly, expressly or implied, to act solely as an intermediary between the Issuer and the Purchaser or to exercise or attempt to exercise any influence to affect any transaction in the purchase of the Series 2026 Bonds. 3. The amount of the commitment fee spread expected to be realized by the Purchaser is $ 4. The management fee to be charged by the Purchaser is $0. 5. Truth -in -Bonding Statement: D-1 Packet Pg. 101 1'.2.d The Series 2026 Bonds are being issued primarily to finance the Projects (as such term is defined in the Resolution No. adopted on December , 2025 (the "Resolution")) and pay the cost of issuance of the Series 2026 Bonds. Unless earlier redeemed, the Series 2026 Bonds are expected to be repaid at an interest rate of % per annum, total interest paid over the life of the Series 2026 Bonds is estimated to be $ The Series 2026 Bonds will be payable solely from the Pledged Revenues (as defined in the Resolution). Issuance of the Series 2026 Bonds is estimated to result in a maximum annual of $ of Pledged Revenues of the Issuer not being available to finance the other services of the Issuer during the life of the Series 2026 Bonds. This paragraph is provided pursuant to Section 218.385, Florida Statutes. 6. The name and address of the Purchaser is as follows: MORGAN STANLEY & CO. LLC. [TBD] IN WITNESS WHEREOF, the undersigned has executed this Disclosure Letter on behalf of the Purchaser this day of , 2026. MORGAN STANLEY & CO. LLC By: Name: Title: D-2 Packet Pg. 102 1.2.e EXHIBIT E FORM OF PURCHASER'S CERTIFICATE This is to certify Morgan Stanley & Co. LLC. (the "Purchaser") has purchased the Omni Redevelopment District Community Redevelopment Agency's (the "Issuer") $ Redevelopment Revenue Bonds, Series 2026, dated , 2026 (the "Series 2026 Bonds"). Any capitalized terms not otherwise defined herein shall have the meanings set forth in Resolution No. adopted on , 2025 the "Resolution"). We are aware that investment in the Series 2026 Bonds involves various risks, that the Series 2026 Bonds are not general obligations of the Issuer or payable from ad valorem tax revenues, and that the repayment of the Series 2026 Bonds is secured solely from the sources described in the Resolution (the "Security"). We are a sophisticated investor and have made such independent investigation of the Security as we, in the exercise of sound business judgment, consider to be appropriate under the circumstances. We have been provided access to and have reviewed all information about the Issuer we deemed necessary and we have not required the Issuer to prepare any offering document. In making our purchasing decision, we have relied upon the accuracy of information which has been provided to us by the Issuer or by agents or professionals engaged by the Issuer. We are a qualified institutional investor having knowledge and experience in financial and business matters and are capable of evaluating the merits and risks of lending funds to the Issuer. We are an "accredited investor" as such term is defined in the Securities Act of 1933, as amended, and Regulation D thereunder. The Purchaser has conducted its own investigation, to the extent it deems satisfactory or sufficient, into matters relating to business affairs or conditions (either financial or otherwise) of the Issuer in connection with the Series 2026 Bonds and no inference should be drawn that the Purchaser, in the acceptance of said Series 2026 Bonds, is relying on Bond Counsel or the City Attorney, as to any such matters other than the legal opinion rendered by such parties. We are not acting as a broker or other intermediary and are funding the purchase of the Series 2026 Bonds with our own capital and for our own account and not with a present view to a resale or other distribution to the public. We are a bank as contemplated by Section 517.061(7), Florida Statutes. We are not purchasing the Series 2026 Bonds for the direct or indirect promotion of any scheme or enterprise with the intent of violating or evading any provision of Chapter 517, Florida Statutes. Notwithstanding the foregoing, the Purchaser reserves the right to transfer, sell Attachment: 18635 Exhibit E (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) E-1 Packet Pg. 103 1.2.e or assign all or a portion of the Series 2026 Bonds in accordance with the provisions of the Resolution. This Certificate is furnished by us as Purchaser based solely on our knowledge on the day hereof and is solely for the benefit of the Issuer and may not be relied upon by, or published or communicated to, any other person without our express written consent. We disclaim any obligation to supplement this letter to reflect any facts or circumstances that may hereafter come to our attention. DATED this day of , 2026. MORGAN STANLEY & CO. LLC By: Name: Title: Attachment: 18635 Exhibit E (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) E-2 Packet Pg. 104 1.2.f EXHIBIT F FORM OF BOND PURCHASE AGREEMENT [To be distributed at a later date] Attachment: 18635 Exhibit F (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) F-1 Packet Pg. 105 1.2.g EXHIBIT G FORM OF CONTINUING DISCLOSURE AGREEMENT [To be distributed at a later date] G-1 Packet Pg. 106 1.2.h City cif Aiianti, FXnri t2t ARTHUR NORIEGA, V CITY MANAGER November 20, 2025 Via Registered Mail Mayor Francis X. Suarez Office of the Mayor 3500 Pan American Drive Miami, FL 33132 P.O. BOX 330708 MIAMI, FLORIDA 33233-0708 (305) 250-5400 FAX (305) 250-5410 RE: Omni Redevelopment District Community Redevelopment Agency Dear Mayor Suarez: The purpose of this letter is to provide notice that the City Commission (the "City Commission") of the City of Miami, Florida (the "City") will hold a public meeting to consider authorizing the issuance of the OMNI Redevelopment District Community Redevelopment Bonds, Series 2026 in the principal amount of not to exceed $150,000,000 (the "Bonds") for the purpose of financing certain redevelopment projects provided for and described in the redevelopment plan. The Bonds will be issued pursuant to a resolution scheduled for consideration by the City Commission. A public hearing will be held at 9:30 am, or anytime thereafter, on December 11, 2025 in the Commission Chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133, for the purpose of receiving public comment on such proposed actions by the City. The City has also provided published notice of the public hearing pursuant to Section 163.346, Florida Statute. This notice is being sent on behalf of the City and the OMNI CRA to all taxing authorities which have the power to levy ad valorem taxes on real property within the Redevelopment Area, in accordance with Section 163.346, Florida Statutes. For additional information, please contact me at anoriega@miamigov.com. Sincerely, By: Arthur No 'eg: V City Manager Attachment: 18635 Notice to Agencies (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) Packet Pg. 107 1.2.h Li i g ofAtlianti, ARTHUR NORIEGA, V CITY MANAGER November 20, 2025 Mayor Daniella Levine Cava Office of the Mayor Stephen P. Clark Center 111 NW 1st Street, 29th Floor Miami, FL 33128 irn a Via Registered Mail P.O. BOX 330708 MIAMI. FLORIDA 33233-0708 (305) 250-5400 FAX (305) 250-5410 RE: Omni Redevelopment District Community Redevelopment Agency Dear Mayor Levine Cava: The purpose of this letter is to provide notice that the City Commission (the "City Commission") of the City of Miami, Florida (the "City") will hold a public meeting to consider authorizing the issuance of the OMNI Redevelopment District Community Redevelopment Bonds, Series 2026 in the principal amount of not to exceed $150,000,000 (the "Bonds") for the purpose of financing certain redevelopment projects provided for and described in the redevelopment plan. The Bonds will be issued pursuant to a resolution scheduled for consideration by the City Commission. A public hearing will be held at 9:30 am, or anytime thereafter, on December 11, 2025 in the Commission Chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133, for the purpose of receiving public comment on such proposed actions by the City. The City has also provided published notice of the public hearing pursuant to Section 163.346, Florida Statute. This notice is being sent on behalf of the City and the OMNI CRA to all taxing authorities which have the power to levy ad valorem taxes on real property within the Redevelopment Area, in accordance with Section 163.346, Florida Statutes. For additional information, please contact me at anoriega@miamigov.com. Sincerely, By: Arthur ega V City Manager Attachment: 18635 Notice to Agencies (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) Packet Pg. 108 1.2.h Tau. of t�xxrrt, Fliirtia ARTHUR NORIEGA, V CITY MANAGER November 21, 2025 Via Registered Mail Kenneth C. Hoffman Chairman Children's Trust District 3150 SW 3rd Ave Miami, FL 33129 P.O. BOX 330708 MIAMI, FLORIDA33233-0708 (305) 250-5400 FAX (305) 250-5410 RE: Omni Redevelopment District Community Redevelopment Agency Dear Chairman Hoffman: The purpose of this letter is to provide notice that the City Commission (the "City Commission") of the City of Miami, Florida (the "City") will hold a public meeting to consider authorizing the issuance of the OMNI Redevelopment District Community Redevelopment Bonds, Series 2026 in the principal amount of not to exceed $150,000,000 (the "Bonds") for the purpose of financing certain redevelopment projects provided for and described in the redevelopment plan. The Bonds will be issued pursuant to a resolution scheduled for consideration by the City Commission. A public hearing will be held at 9:30 am, or anytime thereafter, on December 11, 2025 in the Commission Chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133, for the purpose of receiving public comment on such proposed actions by the City. The City has also provided published notice of the public hearing pursuant to Section 163.346, Florida Statute. This notice is being sent on behalf of the City and the OMNI CRA to all taxing authorities which have the power to levy ad valorem taxes on real property within the Redevelopment Area, in accordance with Section 163.346, Florida Statutes. For additional information, please contact me at anoriega@miamigov.com. Sincerely, By: Arthur Noiiega V City Manager Attachment: 18635 Notice to Agencies (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) Packet Pg. 109 1.2.i OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("OMNI CRA") hereby gives notice that it will conduct a public meeting to consider issuance of the OMNI CRA's Tax Increment Revenue Bonds, Series 2026, in one or more series (the "Series 2026 Bonds"), in an amount not to exceed an aggregate principal amount of One Hundred Fifty Million Dollars and Zero Cents ($150,000,000.00). This public meeting will occur on Thursday, December 11, 2025, at 9:30 a.m. or anytime thereafter, in the City Commission Chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. Interested parties may appear at the meeting and be heard with respect to issuance of the Series 2026 Bonds. At the conclusion of the meeting, the OMNI CRA will consider adoption of a resolution authorizing issuance of the Series 2026 Bonds. Copies of the proposed resolution are available for public inspection in the office of Carlos Ignacio Suarez, Executive Director, at 1401 North Miami Avenue, 2nd Floor, Miami, Florida 33136. Section 163.346, Florida Statutes requires approval of the City Commission (the "City Commission") of the City of Miami (the "City") before the OMNI CRA can issue the Series 2026 Bonds. In accordance therewith, the City Commission will consider approving issuance of the Series 2026 Bonds at its regularly scheduled meeting commencing at 9:00 a.m. or anytime thereafter, on Thursday, December 11, 2025, in the City Commission Chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. Upon approval by the City Commission, the OMNI CRA will issue the Series 2026 Bonds shortly thereafter. Interested parties may appear at the City Commission meeting and be heard with respect to issuance of the Series 2026 Bonds. The Series 2026 Bonds are being issued to finance various community redevelopment projects within the Omni Community Redevelopment Area established by an Interlocal Cooperation Agreement dated June 24, 1986, between the City, Miami -Dade County (the "County"), and the OMNI CRA, in accordance with and in furtherance of the Omni Redevelopment District Community Redevelopment Agency 2019 Update of Redevelopment Plan (the "Plan"). The Series 2026 Bonds will be secured by a lien on and pledge of tax increment revenues paid into the Omni Community Redevelopment Trust Fund established by Ordinance No. 87-47, enacted by the Board of County Commissioners of Miami -Dade County, Florida on July 7, 1987, Ordinance No. 9590, enacted by the City Commissioners of the City of Miami, City Resolution No. 86-868 enacted on October 23, 1986, as amended, and other applicable provisions of law, into which Tax Increment Revenues are deposited for repayment of debt service on the Series 2026 Bonds and other authorized uses. Pursuant to Florida Statute § 286.0105, anyone wishing to appeal any decision made by the Board of the OMNI CRA with respect to any matter considered at such meeting will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Attachment: 18635 Notice to the Public (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) Packet Pg. 110 1.2.i Pursuant to Resolution No. CRA-R-25-0031, whenever a scheduled OMNI CRA meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special OMNI CRA meeting will be automatically scheduled for Tuesday immediately following the cancelled meeting. In the event of one of the aforementioned circumstances, the special meeting would be held on December 16t1, 2025, at 9:30 a.m., or anytime thereafter, in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. All of the scheduled agenda items from that cancelled meeting shall automatically be scheduled as an agenda item at the special OMNI CRA meeting. The Clerk of the Board shall notify the public of the special meeting that is to take place by placing a notice of the special OMNI CRA meeting at the entrance of City Hall, placing a notice on the OMNI CRA's website, and, if feasible, placing an ad in a newspaper of general circulation before the special meeting on the immediately following Tuesday. There shall be no additional notice by publication required for any such scheduled agenda item that is moved to the special OMNI CRA meeting. Inquiries regarding this notice may be addressed to Mr. Carlos Ignacio Suarez, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami Florida 33136, (305) 679-6868. In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two (2) business days prior to the proceeding. Ad No. 43865 Todd B. Hannon Clerk of the Board Attachment: 18635 Notice to the Public (18635 : Issuance of Redevelopment Revenue Bonds, Series 2026) Packet Pg. 111 OMNI Board of Commissioners Meeting December 11, 2025 1.3 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo and Members of the CRA Board (-AS From: Carlos I. Suarez Executive Director Date: November 25, 2025 File: 18579 Subject: 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC Enclosures: 18579 Exhibit A 18579 Backup_Proposal 18579 Backup_Project 18579 Notice to the Public BACKGROUND: The Omni Community Redevelopment Agency (Omni CRA) executes community redevelopment projects following the 2019 CRA Redevelopment Plan ("Plan"). The Agency will contribute to redeveloping 1348 NW 1st Avenue, Miami, Florida 33136, an existing eighteen -unit (18) residential building comprised of six (6) two -bedroom units and twelve (12) one -bedroom units, 6 restricted affordable housing projects. Following severe vandalism and a subsequent arson incident, the building now requires extensive interior rehabilitation. The damage includes the complete replacement of the plumbing, electrical, and mechanical systems. This redevelopment project is in accordance with the Omni CRA's 2019 Plan, where page 31 of the 2019 Redevelopment Plan states "housing affordability is one of the key programs for the CRA to undertake". The 2019 Redevelopment Plan specifically highlights the importance of addressing housing affordability. Florida Statute 163.350 enables the CRA to establish effective programs aimed at affordable housing and the revitalization of deteriorated properties. Collaboration with the Omni CRA will ensure high -quality standards and address community needs effectively. RECOMMENDATION: Packet Pg. 112 1.3 Based on the aforementioned background, the need for renovation, and community enhancement, it is recommended that the Board of Commissioners of the Omni Community Redevelopment Agency adopt the attached resolution. This resolution, approved by a four -fifths (4/5ths) affirmative vote, ratifies, confirms, and approves the Executive Director's finding that it is most beneficial for the Omni CRA to provide funding to Trackland holdings LLC for renovation and community enhancement. FUNDING: The funding will be a total amount not to exceed amount of $825,000.00. Contingent upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026, is hereby approved. City of Miami Page 2 of 5 File ID: 18579 (Revision:) Printed On: 12/4/2025 Packet Pg. 113 1.3 Trak Omni_ C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 18579 Final Action Date: 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 TO THE CRA 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; ALLOCATING GRANT FUNDS FROM THE CRA'S FISCAL YEAR 2025-2026 BUDGET IN AN AMOUNT NOT TO EXCEED EIGHT HUNDRED TWENTY-FIVE THOUSAND AND 00/100 DOLLARS ($825,000.00) TO TRACKSLAND HOLDINGS LLC, A FLORIDA LIMITED LIABILITY COMPANY ("GRANTEE") FOR AN AFFORDABLE HOUSING REDEVELOPMENT PROJECT, CONTINGENT UPON THE ISSUANCE OF THE CRA'S TAX INCREMENT REVENUE BONDS, SERIES 2026, CONSISTING OF EIGHTEEN (18) TOTAL RESIDENTIAL UNITS, INCLUDING SIX (6) TWO - BEDROOM UNITS AND TWELVE (12) ONE -BEDROOM UNITS, OF WHICH SIX (6) UNITS WILL BE RESTRICTED AT EIGHTY PERCENT (80%) AREA MEDIAN INCOME ("AMI"), AT THE PROPERTY LOCATED AT 1348 NORTH WEST 1ST AVENUE, MIAMI, FLORIDA 33136, WITHIN THE CRA REDEVELOPMENT AREA ("PROJECT"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION, UPON THE PRESENTATION OF INVOICES, SUBJECT TO THE AVAILABILITY OF FUNDING; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A FORGIVEABLE LOAN AGREEMENT, RESTRICTIVE COVENANT, AND ANY ADDITIONAL NECESSARY DOCUMENTS, BETWEEN THE CRA AND GRANTEE FOR THE PROJECT, INCLUDING ANY MODIFICATIONS OR AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; ALL BEING SUBJECT TO THE AVAILABILITY OF FUNDING AND THE RENTS BEING RESTRICTED FOR TWENTY-FIVE (25) YEARS AS MORE PARTICULARLY DETAILED IN THE RESTRICTIVE COVENANT TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, Tracksland Holdings LLC, a Florida Limited Liability Company ("Grantee"), is the owner of the property located at 1348 North West 1st Avenue, Miami, Florida 33136 (the "Property"), an existing eighteen -unit (18) residential building comprised of six (6) two -bedroom City of Miami Page 3 of 5 File ID: 18579 (Revision:) Printed On: 12/4/2025 Packet Pg. 114 units and twelve (12) one -bedroom units located adjacent to the Interstate-395 overpass and the future "Underdeck" redevelopment project; and 1.3 WHEREAS, at the time of acquisition, the Property was occupied by non-paying squatters and required full rehabilitation, and during construction, the Property experienced significant vandalism, followed shortly thereafter by an act of arson that caused additional damage and required the re -filing of plans with the City of Miami; and WHEREAS, the Grantee has submitted a request to the CRA for assistance with the rehabilitation to the Property and has committed to restricting six (6) of the eighteen (18) units, three (3) one -bedroom units and three (3) two -bedroom units at eighty percent (80%) of Area Median Income ("AMI"), as published annual by the United States Department of Housing and Urban Development, for a period of twenty-five (25) years ("Project"); and WHEREAS, the 2019 Redevelopment Plan ("Plan") on pages 4-32, lists the objective "to find ways to ensure housing remains affordable for all income levels within the district, but particularly for those households meeting workforce or lower -income guidelines," and supports programs that "assist housing providers in creating affordable units for target households"; and WHEREAS, the Project advances these objectives by providing long-term affordable housing in an area experiencing significant redevelopment activity near Downtown Miami and the Underdeck; and WHEREAS, the rehabilitation of this blighted property will reduce crime, homelessness, and unsafe conditions and support the CRA's mission of neighborhood revitalization; and WHEREAS, the CRA desires to provide financial assistance to the Grantee in an amount not to exceed Eight Hundred Twenty -Five Thousand and 00/100 Dollars ($825,000.00) ("Grant Funds") to support completion of the Project, Contingent upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026; and WHEREAS, based on the recommendation and finding of the Executive Director, attached and incorporated as Exhibit "A," it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA, for the allocation of Grant Funds for the Project to be disbursed at the Executive Director's discretion, upon the presentation of invoices, subject to the availability of funding; 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 written finding, attached and incorporated as Exhibit "A," are ratified, approved, and confirmed, and the requirements for competitive sealed bidding are waived. City of Miami Page 4 of 5 File ID: 18579 (Revision:) Printed On: 12/4/2025 Packet Pg. 115 1.3 SECTION 3. The Executive Director is authorized to allocate Grant funds in an amount not to exceed eight hundred twenty-five thousand dollars ($825,000.00) for the Project, upon the presentation of invoices, subject to the availability of funding, from the CRA's Fiscal Year 2025- 2026 budget for the redevelopment of the Property. SECTION 4. The Executive Director is authorized to negotiate and execute a forgivable loan agreement, restrictive covenant, including any and all additional documents and amendments necessary, all in a form acceptable to the General Counsel, for a period of twenty- five (25) years, to be recorded in the public records of Miami -Dade County, Florida. Contingent upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026. SECTION 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: K • ORGEL!'C. WYSON - III, ENERAL COUNSEL City of Miami Page 5 of 5 File ID: 18579 (Revision:) Printed On: 12/4/2025 Packet Pg. 116 1.3.a Damian Pardo Board Chair Omni CRA INTER -OFFICE MEMORANDUM Carlos Suarez Executive Director TO: Board Chair Damian Pardo and DATE: December 11th, 2025 Members of the CRA Board FROM: Carlos Suarez SUBJECT: 4/5ths Grant Funding to Executive Director Trackland Holdings LLC BACKGROUND: The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the CRA Redevelopment Plan ("Plan"). On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042, adopting the City of Miami's procurement ordinance as the process by which any and all services and goods are procured by the CRA. Trackland Holdings LLC submitted a grant proposal request to the CRA requesting $825,000.00. This funding is needed to underwrite a portion of the costs for the residential project known as "Trackland holdings LLC " (the "Project"), located within the Omni CRA boundaries at 1348 NW 1st Avenue, Miami, Florida 33136. The Project consists of approximately 18 units, of which 6 will be restricted at 80%AMI. Following severe vandalism and a subsequent arson incident, the building now requires extensive interior rehabilitation. The damage includes the complete replacement of the plumbing, electrical, and mechanical systems. JUSTIFICATION: This aligns with the Plan's objective of incentivizing diverse housing options, including affordable and workforce housing. The Plan also aims to attract downtown workers and enhance the area's visual appeal to businesses and residents through varied housing options. Trackland Holdings LLC Project contributes to the CRA's goals of eliminating slum and blight by offering housing options within the CRA. Packet Pg. 117 1.3.a The Project has incurred unavoidable cost increases due to arson, impacting construction costs and delivery, along with other unforeseen issues. Additional expenditures were made to enhance the residential experience. Due to rent restrictions, these additional costs cannot be recouped through increased rent, necessitating economic support from the Omni CRA. The $825,000 requested grant funding will support units restricted at 80% AMI, representing 33% of the Project. FUNDING: The grant funding will be a total amount not to exceed amount of $825,000.00. Contingent upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026, is hereby approved. Packet Pg. 118 1.3.b OMNI CRA PROPOSAL Project Overview: 1348 NW 1st Avenue, Miami, FL 33136 Redevelopment - Tracksland Holdings LLC The subject property is an existing i8-unit residential building in the Overtown neighborhood, on a currently gritty block adjacent to the construction of the new I395 highway overpass and neighboring the future transformative Underdeck public space redevelopment. The property consists of six 2-bedroom units and twelve 1-bedroom units. We acquired the property two years ago at which time it was filled with non-paying squatters. We vacated the building and filed plans with the department of buildings to renovate the building and all the units, add new windows, HVAC and bring everything to code. Our vision is to transform this neglected property into a beautiful and affordable residential complex with superior finishes to exceed current neighborhood standards. We are aiming to create safe, clean and comfortable workforce housing and to allocate 33% of the units for affordable housing for local Miami residents. The building's close proximity to Downtown and it being directly adjacent to the future Underdeck project will afford the occupants convenient, enjoyable and safe housing close to many job opportunities. We expect rents in the immediate area to increase substantially over the next few years as the Underdeck project is completed and as the many new developments in the surrounding area are completed. Our designation of 33% of our units to affordable housing will ensure affordability in this dynamically changing neighborhood for local lower -income residents who would otherwise be forced to relocate as the neighborhood continue to change. Progress Overview: • Initial Work: A construction budget of $1.1 million was established, and we commenced work after filing permits for electrical, general construction, HVAC, and window installation. • First Challenge Encountered: We commenced construction and completed all the windows, roughing, plaster and some of the plumbing work. Despite paying for super expensive 24 hour security monitoring, there were electrical issues at the street and the property lost power for over 2 months during which time our security system was down and the building was vandalized resulting in major project setbacks and damage over more than $275,000. The power was restored and we began to repair all the damages and complete the project which we estimated would take 9 more months and cost approximately $850,000. • Second Challenge Encountered: Shortly after repairs began at the site, we were the victim of arson at the property. Unfortunately there was significant damage and all work needed to be stopped. We are in the process of re -filing plans with the city and the cost to bring the project to completion has now risen to $1,49o,000. Current Status: • We are interested in offering 33% of the units (three i bedrooms and three 2 bedrooms) for affordable housing at 8o% AMI and working closely with the Omni CRA to move the project forward efficiently. Attachment: 18579 Backup_Proposal (18579 : 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC) Packet Pg. 119 1.3.b; Neighborhood Context and Challenges Investments in properties like 1348 NW ist Avenue are crucial for the neighborhood's revitalization. By rehabilitating dilapidated buildings and introducing high -quality, affordable housing, we aim to improve living conditions and contribute to reducing crime rates and homeless encampments which are rampant particularly on the block and adjacent to our property. Our project aligns with broader community efforts to address these challenges and promote economic development. Need for Security During Development Phase We have faced significant challenges during construction in securing the site and preventing squatters, vandalism and drug users from entering our property. The block we are on is notorious for homeless encampments. The property directly next door to us and another site around the corner from us are also under development and have received OMNI CRA grants. We believe it would be a tremendous boost and resource if the OMNI CRA would offer to assist with the providing of 24 hour security to this group of sites which would expedite the completion of the projects and prevent unnecessary delays or challenges. Proximity to "The Underdeck" Development The property is directly adjacent to "The Underdeck," a 33 acre transformative project set to revitalize the area beneath the I-395 bridge. We believe strongly that once the Underdeck is completed the value and desirability of our property will increase tremendously and rents in the immediate area will increase significantly. We want local working class Miami residents to benefit from these community improvements and through the allocation of 6 affordable units at 8o% AMI we will maintain affordability for those who would otherwise be forced to move into less desirable and less convenient areas. Strategic Location and Future Rent Inflation Located just blocks away from significant developments and downtown Miami, the property is ideally positioned to attract those who wish to live in a safe environment close to the city center. We anticipate that within 3-5 years, coinciding with the completion of "The Underdeck" and other infrastructural enhancements and new developments, the area will experience a surge in market rents, aligning with the much higher downtown rates. Our allotment of 6 affordable housing units at 80% AMI will become more significant especially as rents in the area continue to surge. Commitment to Affordable Housing Our company is dedicated to providing affordable housing solutions. By investing in this project and designating 33% of the units to rents at 8o% AMI, we aim to offer high -quality, reasonably priced and centrally located residences, contributing to the community's overall upliftment and providing desirable living options for the local workforce. Comparable Rents for 1348 NW ist Ave, Miami, FL The subject property is right on the border of Overtown and the burgeoning downtown Miami area. Average rents in Overtown are approximately $2,35o per month. Average rents in the Downtown Miami area are more than $3,50o per month. Capping the rent for the 6 affordable units in our project at 80% AMI will become more and more valuable over time as rents in the area continue to converge with the rent amounts of downtown Miami. This will be a huge concession, affording low income residents in the area the opportunity to live in an area that would otherwise become increasingly unaffordable. Attachment: 18579 Backup_Proposal (18579 : 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC) Packet Pg. 120 1.3.b Conclusion Through this redevelopment and our allotment of 33% of it to affordable housing, we are not only enhancing a single property on a gritty block but also contributing to the broader revitalization of the neighborhood while also maintaining affordability. Our efforts, in conjunction with projects like "The Underdeck," will contribute to transform the area into a vibrant, desirable community, reducing crime, fostering economic growth and improved quality of life for residents from all income brackets. Development Team Summary: Frances Hercules Frances is an experienced real estate professional with an array of expertise in development, management, financing and operations of multi family rental properties. Frances currently oversees the management of a diverse portfolio of more than 3o buildings, including rent stabilized, affordable housing and free market properties, ensuring optimal performance and tenant satisfaction. She has been a driving force in the ground up development and repositioning of more than a dozen properties. Throughout her career, Frances has also helped facilitate the successful closing of more than $too million in bridge and DSCR loan financings. Proud of her family roots in Trinidad, Frances has always been deeply connected to the importance of community and equitable housing. Jordan Wolf Jordan Wolf is the Chief Operating Officer at Yellow Jacket Ventures and is responsible for all firm wide operations. Jordan brings over 20 years of real estate equity and debt leadership experience spanning commercial, residential, and mixed -use portfolios. Known for driving operational efficiencies and Attachment: 18579 Backup_Proposal (18579 : 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC) Packet Pg. 121 1.3.b maximizing asset performance, he has overseen everything from ground -up developments to strategic repositioning.Jordan has a proven track record of balancing technical acumen with strategic foresight. AJ Kurland, CPA. AJ Kurland is the founding partner and CEO of Yellow Jacket Ventures, leveraging 20+ years of experience in real estate and finance. He oversees the company's management, deal flow, and business development, with equity and debt transactions totaling over $50o million. AJ specializes in turning around distressed assets through outstanding execution and attention to every detail. He has developed multiple low income and affordable housing projects and every building under his management is managed meticulously. Previously, AJ served as CFO and CCO of KG Investments Fund and held leadership roles at Blackstone and Palladium Capital Advisors. He began his career at EY. AJ recently relocated from New York to Miami and holds a real estate brokers license and an active CPA license. Attachment: 18579 Backup_Proposal (18579 : 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC) Packet Pg. 122 FACADE )FSIGN 1348 NW1STAVE 1.3.c r, co Q au 0 a i a ti 03 THE DESIGNERS GR( ) WWW.THEDESIGNERSGROUP.0 1 INFO©THEDESIGNERSGROUP.0 a 1 it 1.3.c EXISTING Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 124 1.3.c EXTERIOR - FRONT VIEW OPTION 1 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 125 1.3.c EXTERIOR - FRONT VIEW OPTION 1 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 126 1.3.c EXTERIOR - STAIRCASE VIEW OPTION 1 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 127 1.3.c EXTERIOR - SIDE VIEW OPTION 1 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 128 1.3.c EXTERIOR - BACK VIEW OPTION 1 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 129 1.3.c EXTERIOR - FRONT VIEW OPTION 2 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 130 1.3.c EXTERIOR - FRONT VIEW OPTION 2 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 131 1.3.c EXTERIOR - STAIRCASE VIEW OPTION 2 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 132 1.3.c EXTERIOR - SIDE VIEW OPTION 2 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 133 1.3.c EXTERIOR - BACK VIEW OPTION 2 Attachment: 18579 Backup_Project (18579 : 4/5ths Bid Waiver Packet Pg. 134 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 1.3.d NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("OMNI CRA") will hold a Public Hearing on Thursday, December 11th, at 9:30 am or anytime thereafter in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133. The Board will consider the award of grant funds to Tracksland Holdings LLC, a Florida Limited Liability Company, , to underwrite a portion of the costs associated with the development of an affordable housing project in the OMNI CRA Redevelopment Area. In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes 163, the Board will consider funding an amount not to exceed Eight Hundred Twenty -Five Thousand and 00/100 Dollars ($825,000.00) to underwrite the expenditures and costs associated with the rehabilitation of apartment building consisting of 18 units located within the Redevelopment Area of the OMNI CRA at 1348 North West 1st Avenue, Miami, Florida 33136. This funding is critical in the rehabilitation of the property, which is envisioned to reduce slum and blight and provide much -needed affordable housing in the area. The Board requests all interested parties be present or represented at the meeting and may be heard with respect to any proposition before the Board, in which the Board may take action. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). Pursuant to Resolution No. CRA-R-25-0031, whenever a scheduled OMNI CRA meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special OMNI CRA meeting will be automatically scheduled for Tuesday immediately following the cancelled meeting. In the event of one of the aforementioned circumstances, the special meeting would be held on December 16th, 2025, at 9:30 a.m., or anytime thereafter, in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. All of the scheduled agenda items from that cancelled meeting shall automatically be scheduled as an agenda item at the special OMNI CRA meeting. The Clerk of the Board shall notify the public of the special meeting that is to take place by placing a notice of the special OMNI CRA meeting at the entrance of City Hall, placing a notice on the OMNI CRA's website, and, if feasible, placing an ad in a newspaper of general circulation before the special meeting on the immediately following Tuesday. There shall be no additional notice by publication required for any such scheduled agenda item that is moved to the special OMNI CRA meeting. Inquiries regarding this notice may be addressed to Mr. Carlos Suarez, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami, Florida 33136, (305) 679-6868. In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two (2) business days prior to the proceeding. Ad No. 43867 Todd B. Hannon Clerk of the Board Attachment: 18579 Notice to the Public (18579 : 4/5ths Bid Waiver - Grant Funding to Tracksland Holdings, LLC) Packet Pg. 135 OMNI Board of Commissioners Meeting December 11, 2025 1.4 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo and Members of the CRA Board (-AS From: Carlos I. Suarez Executive Director Date: November 26, 2025 File: 18576 Subject: 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners Enclosures: 18576 Exhibit A 18576 Backup_Proposal 18576 Backup_Project 18576 Notice to the Public BACKGROUND: The Omni Community Redevelopment Agency (Omni CRA) executes community redevelopment projects following the 2019 CRA Redevelopment Plan ("Plan"). The Agency will contribute to redeveloping a currently vacant, privately -owned parcel of land located at the corner of NE 17th Street and NE 2nd Avenue, identified by folio number 01-3136-091-0010 within the CRA Redevelopment Area NE 17th Street and NE 2nd Avenue Miami, Florida 33136, an existing 7.5-acre land space, for a community venue for sports, entertainment, recreational, and cultural events. This redevelopment project is in accordance with the Omni CRA's 2019 Plan, where page 1-6 of the 2019 Redevelopment Plan states "greenspace within the district is imperative to meet community needs for open space and recreation". The 2019 Redevelopment Plan specifically highlights the importance of addressing the need for public gathering spaces that can support community events, cultural programming, and neighborhood interaction. Florida Statute 163.350 enables the CRA to establish effective programs aimed at the revitalization of deteriorated properties. Collaboration with the Omni CRA will ensure high -quality standards and address community needs effectively. RECOMMENDATION: Based on the aforementioned background, the need for community greenspace activation and community enhancement, it is recommended that the Board of Commissioners of the Omni Community Redevelopment Agency adopt the attached resolution. This resolution, approved by a four -fifths (4/5ths) affirmative vote, ratifies, confirms, and approves the Executive Director's finding that it is most beneficial for the Omni CRA to provide funding to Howard Realty Partners, Packet Pg. 136 1.4 Corp. for a community venue for sports, entertainment, recreational, and cultural events community enhancement; contingent upon a fully executed lease between the Property Owner and the Grantee for use of the Property being provided to the CRA, no later than March 2, 2026. FUNDING: The grant funding will be a total amount not to exceed amount of $900,000.00, contingent upon a fully executed lease for the use of the Property being provided to the CRA no later than March 2, 2026, and upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026. City of Miami Page 2 of 5 File ID: 18576 (Revision:) Printed On: 12/4/2025 Packet Pg. 137 1.4 Trak Omni C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 18576 Final Action Date: 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 TO THE CRA 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; ALLOCATING FUNDS FROM THE CRA'S FISCAL YEAR 2025-2026 BUDGET IN AN AMOUNT NOT TO EXCEED NINE HUNDRED THOUSAND AND 00/100 DOLLARS ($900,000.00) TO HOWARD REALTY PARTNERS, CORP, A FLORIDA CORPORATION ("GRANTEE") TO SUPPORT THE ACTIVATION OF A COMMUNITY VENUE FOR SPORTS, ENTERTAINMENT, AND CULTURAL EVENTS ON A PRIVATELY -OWNED PARCEL OF LAND LOCATED AT THE CORNER OF NORTH EAST 17TH STREET AND NORTH EAST 2ND AVENUE, IDENTIFIED BY FOLIO NUMBER 01-3136-091-0010 ("PROPERTY") WITHIN THE CRA REDEVELOPMENT AREA, CONTINGENT UPON A FULLY EXECUTED LEASE BETWEEN THE PROPERTY OWNER AND GRANTEE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN HIS DISCRETION FROM ACCOUNT NO. 10040.920501.8830000.0000.00000; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A GRANT AGREEMENT BETWEEN THE CRA AND GRANTEE, INCLUDING ANY AND ALL NECESSARY DOCUMENTS AND AMENDMENTS, ALL IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSE STATED HEREIN; ALL BEING SUBJECT TO THE AVAILABILITY OF FUNDING; PROVIDING FOR THE INCORPORATION OF RECITALS AN EFFECTIVE DATE, AND A DATE UPON WHICH THE RESOLUTION WILL HAVE NO FURTHER FORCE OR EFFECT. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is tasked with reducing slum and blight within its boundaries; and WHEREAS, Howard Realty Partners, Corp, a Florida Corporation ("Grantee") submitted a proposal requesting CRA funding in an amount not to exceed Nine Hundred Thousand and 00/100 Dollars ($900,000.00) to activate a currently vacant, privately -owned parcel of land located at the corner of NE 17th Street and NE 2nd Avenue, identified by folio number 01-3136- 091-0010 ("Property") within the CRA Redevelopment Area as a community venue for sports, entertainment, recreational, and cultural events (the "Project"); and WHEREAS, the 2019 Omni Redevelopment Plan recognizes on pages 1-6 that additional greenspace within the district is imperative to meet community needs for open space City of Miami Page 3 of 5 File ID: 18576 (Revision:) Printed On: 12/4/2025 Packet Pg. 138 and recreation and further emphasizes on pages 4-24 the need for public gathering spaces that can support community events, cultural programming, and neighborhood interaction; and 1.4 WHEREAS, the Project advances these objectives by creating multi -use green space, expanding recreational and cultural programming, activating an underutilized parcel, and promoting economic revitalization; and WHEREAS, the Grantee has secured usage rights to the property and proposes a five (5) year lease term with two one-year renewal options; and WHEREAS, the CRA desires to allocate an amount not to exceed Nine Hundred Thousand and 00/100 Dollars ($900,000.00) ("Grant Funds") to the Grantee, contingent upon a fully executed lease of the Property between the Property Owner and the Grantee being provided to the CRA, no later than March 2, 2026, for the activation and initial management of the community venue; and WHEREAS, based on the Executive Director's recommendation and finding, attached as Exhibit "A," it is in the CRA's best interest to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the CRA for the allocation of the Grant Funds for 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 are adopted 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 written finding, attached as Exhibit "A," are hereby ratified, approved, and confirmed, and the requirements for competitive sealed bidding 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 Nine Hundred Thousand and 00/100 Dollars ($900,000.00) shall be allocated, subject to the availability of funding, and contingent upon Grantee providing a fully executed lease for the use of the Property between the Grantee and the Property Owner, no later than March 2, 2026, from the CRA's Fiscal Year 2025-2026 budget Account No. 10040.920501.8830000.0000.00000 to support site activation, programming, operations, and related costs for the community venue at the Property. Section 4. Upon the presentation of an executed lease for the use of the Property between the Grantee and the Property Owner on or before March 2, 2026, the Executive Director is authorized to negotiate and execute a Grant Agreement, including any and all necessary documents and amendments, all in a form acceptable to the General Counsel, for the purposes stated herein, including funding terms. Section 5. This Resolution shall become effective immediately upon adoption. In the event the Grantee fails to provide the CRA with an executed lease for the use of the Property City of Miami Page 4 of 5 File ID: 18576 (Revision:) Printed On: 12/4/2025 Packet Pg. 139 between the Grantee and the Property Owner on or before March 2, 2026, this Resolution shall have no further force or effect. 1.4 APPROVED AS TO FORM AND CORRECTNESS: k • ORGE. WYSON - III. ENERAL COUNSEL City of Miami Page 5 of 5 File ID: 18576 (Revision:) Printed On: 12/4/2025 Packet Pg. 140 1.4.a Damian Pardo Board Chair Omni CRA INTER -OFFICE MEMORANDUM Carlos Suarez Executive Director TO: Board Chair Damian Pardo and DATE: December 11t", 2025 Members of the CRA Board FROM: Carlos Suarez Executive Director SUBJECT: 4/5ths Grant for Project Located at Corner NE 17' Street and NE 2nd Avenue, Folio No. 01-3136-091-0010 BACKGROUND: The Omni Community Redevelopment Agency (Omni CRA) executes community redevelopment projects following the 2019 CRA Redevelopment Plan ("Plan"). The Agency will contribute to redeveloping a currently vacant, privately -owned parcel of land located at the corner of NE 17th Street and NE 2nd Avenue, identified by folio number 01-3136-091-0010 within the CRA Redevelopment Area NE 17th Street and NE 2nd Avenue Miami, Florida 33136, an existing 7.5- acre land space, for a community venue for sports, entertainment, recreational, and cultural events. This redevelopment project is in accordance with the Omni CRA's 2019 Plan, where page 1-6 of the 2019 Redevelopment Plan states "greenspace within the district is imperative to meet community needs for open space and recreation". The 2019 Redevelopment Plan specifically highlights the importance of addressing the need for public gathering spaces that can support community events, cultural programming, and neighborhood interaction. Florida Statute 163.350 enables the CRA to establish effective programs aimed at the revitalization of deteriorated properties. Collaboration with the Omni CRA will ensure high -quality standards and address community needs effectively. RECOMMENDATION: Based on the aforementioned background, the need for community greenspace activation and community enhancement, it is recommended that the Board of Commissioners of the Omni Community Redevelopment Agency adopt the attached resolution. This resolution, approved by a four -fifths (4/5ths) affirmative vote, ratifies, confirms, and approves the Executive Director's finding that it is most beneficial for the Omni CRA to provide funding to Howard Realty Partners, Corp. for a community venue for sports, entertainment, recreational, and cultural events community enhancement; contingent upon a fully executed lease between the Property Owner and the Grantee for use of the Property being provided to the CRA, no later than March 2, 2026. FUNDING: Attachment: 18576 Exhibit A (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) Packet Pg. 141 1.4.a The grant funding will be a total amount not to exceed amount of $900,000.00, contingent upon a fully executed lease for the use of the Property being provided to the CRA no later than March 2, 2026, and upon the issuance of the CRA's Tax Increment Revenue Bonds, Series 2026. Attachment: 18576 Exhibit A (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) Packet Pg. 142 1.4.b Proposal to Omni CRA Agency Subject: Activation of Community Venue for Sports, Entertainment & Events Submitted by Howard Realty Partners November 20, 2025 1. Executive Summary We are requesting financial support from the Omni CRA to develop an underused property in the district as a lively community engagement space. The space will be used for various services such as sports, entertainment, and cultural events that will be enjoyed by both children and adults. The venture proposes to bring social and economic value to the area through an otherwise un-used property. 2. Opportunity Overview Site Description: The site is privately owned at the corner of NE 17th Street and Northeast Second Avenue, and listed in the Miami -Dade County Property Tax Records as Folio #0131360910010, and currently a vacant parcel of land and not an Omni CRA owned site. Because of the site's long-standing inactivity, we have secured the rights to use the property and therefore are proposing it for an activation for a community sports, entertainment and cultural events venue. Activation Scope: The venue will include a facility and various other ancillary activities that will enable the venue to host regular events including: - Recreational sport and youth programs - Family leisure programs - Cultural festivals and seasonal celebrations - Community health education and promotion programs 3. Quality of Life and Economic Revitalization We believe that an arts, sports, and entertainment green space is not only supported by the Omni CRA Redevelopment Plan, but is indeed directly aligned with the vision, priorities, and implementation strategies outlined in the Omni CRA Redevelopment Plan. A. Parks and Greenspace Development Attachment: 18576 Backup_Proposal (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) Packet Pg. 143 1.4.b * The CRA emphasizes the need for new green space due to anticipated high -density residential growth. The plan supports the creation of pocket parks, public plazas, and larger active parks to serve new residents. * The plan highlights the importance of multi -use green spaces that support recreation, relaxation, cultural programming and community gatherings. B. Community Benefit and Activation * The CRA Redevelopment plan encourages the use of public spaces for events and activities that support local arts and culture, including open-air performances, markets, fitness programs, and more, all of which align with the plan's vision of integrating arts, sports and wellness in green venues. 4. Site Control Howard Realty Partners will develop, activate and program the site. The main terms of such an arrangement are: - Lease Term: 5 years, with 2 one-year options. - Site Management: Will be managed by a designated Property Management Company. No financial exposure or operational risk will be taken on by the property owner for this venture. - CRA's Role: We are requesting the Omni CRA provide financial support towards this initial Phase I of the development. 5. Financial Terms Financial Request: The request of the Omni CRA is to provide $900,000, which is a portion of the total cost of Phase I, for the development of facilities, programs and activities. Phase II request will be for the continued development of facilities, programs and activities. _5. Community Impact This project is in line with Omni CRA's goal of continuing to rid the area of slum and blight as the parcel of land has become an eyesore amidst development and a changed environment. The fostering of economic community development is as important as investments in major developments, all of which create jobs on all levels and creates a healthy environment for continued growth of the area. So, our project as proposed will create economic development opportunity, and cultural enrichment. The anticipated outcomes are: - Generation of employment and entrepreneurial opportunities Attachment: 18576 Backup_Proposal (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) 2 HP3 Packet Pg. 144 1.4.b - Additional traffic and business for the district - A secure and vibrant atmosphere for families - Enhanced provision of recreational and cultural programming 6. Principal Jeffrey Watson is an accomplished executive and civic leader with more than 30 years of experience in financial management, urban development, and economic revitalization. As the CEO and Founder of Howard Realty Partners, LLC, and J. Watson & Company, he has led a broad portfolio of initiatives focused on sustainable economic inclusion, capacity building, and strategic community investment. A Miami native and Florida State University graduate in Accounting and Finance, Mr. Watson has advised public and private sector clients across the U.S. and internationally, including engagements in Asia, Brazil, South Africa, and Kenya. His work has consistently emphasized scalable solutions in urban planning, finance, and infrastructure development, helping municipalities and governments improve outcomes for underserved communities. Mr. Watson's public service career includes his appointment as Commissioner for District 5 in the City of Miami, where he championed community -driven development projects. His expertise in intergovernmental affairs was further cemented through senior roles in the White House under President Bill Clinton, where he served as Interim Assistant and Deputy Assistant to the President. Additionally, his leadership as Chief Financial Officer of the City of Miami's Department of Housing and Development and Chief of Staff to Mayor Xavier Suarez underscores his operational acumen and strategic planning abilities. Mr. Watson expanded his economic development mission into the clean energy sector with the founding of Solairgen Energy, a renewable energy startup focused on sustainable growth and equitable infrastructure access. 6. Next Steps We humbly request the opportunity to bring this proposal before the Omni CRA Board for its consideration. Should it be accepted in principle, we will negotiate finalizing the site activation timeline. Attachment: 18576 Backup_Proposal (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) 3 HP3 Packet Pg. 145 11A.01 NE MIAMI PIACE• 01 UMNI EN flillU1v1L1111 11I[LLOE Y p,ARK /i/i/777/7/7 *\=7VCC7 77 (/4/7 � Z I \\ \ a t1 F F � t t1/////7���1 ��✓✓// rr P.* 1 'T I 1 I I II 1 I I c-- THRII o0 11i1ni1❑ NE 13 SfQEEY EVE nrf cs o- ram: I yet sept.a9.2a25 /5ths Bid Waiver -Grant Funding to Howard Realty Partners) 18576 Backup_Project IPacket Pg. 146 1 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 1.4.d NOTICE OF PUBLIC HEARING The Board of Commissioners ("Board") of the Omni Redevelopment District Community Redevelopment Agency ("OMNI CRA") will hold a Public Hearing on Thursday, December 11th, at 9:30 am or anytime thereafter in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133. In accordance with the Board's 2019 Redevelopment Plan ("Plan") and Florida Statutes Chapter 163, the Board will consider the award of grant funding an amount not to exceed Nine Hundred Thousand and 00/100 Dollars ($900,000.00) to Howard Realty Partners, Corp, a Florida Profit Corporation, to support the activation of a community venue for sports, entertainment, and cultural events on the privately -owned parcel of land located at the corner of North East 17th Street and North East 2nd Avenue, identified by folio number 01-3136-091-0010 ("Property"), within the OMNI CRA Redevelopment Area. This funding is critical in the activation and initial management of the property, which is envisioned to create multi -use green space, expand recreational and cultural programming, activate an underutilized parcel, and promote economic revitalization in the area. The OMNI CRA Board requests all interested parties be present or represented at the meeting and may be heard with respect to any proposition before the Board, in which the Board may take action. Should any person desire to appeal any decision of the Board with respect to any matter considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made, including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). Pursuant to Resolution No. CRA-R-25-0031, whenever a scheduled OMNI CRA meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special OMNI CRA meeting will be automatically scheduled for Tuesday immediately following the cancelled meeting. In the event of one of the aforementioned circumstances, the special meeting would be held on December 16th, 2025, at 9:30 a.m., or anytime thereafter, in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. All of the scheduled agenda items from that cancelled meeting shall automatically be scheduled as an agenda item at the special OMNI CRA meeting. The Clerk of the Board shall notify the public of the special meeting that is to take place by placing a notice of the special OMNI CRA meeting at the entrance of City Hall, placing a notice on the OMNI CRA's website, and, if feasible, placing an ad in a newspaper of general circulation before the special meeting on the immediately following Tuesday. There shall be no additional notice by publication required for any such scheduled agenda item that is moved to the special OMNI CRA meeting. Inquiries regarding this notice may be addressed to Mr. Carlos Suarez, Executive Director, at 1401 N. Miami Ave., 2nd Floor, Miami, Florida 33136, (305) 679-6868. In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice), not later than two (2) business days prior to the proceeding. TTY users may call 711 (Florida Relay Service), not later than two (2) business days prior to the proceeding. Ad No. 43869 Todd B. Hannon Clerk of the Board Attachment: 18576 Notice to the Public (18576 : 4/5ths Bid Waiver - Grant Funding to Howard Realty Partners) Packet Pg. 147 1.5 Trak Omni_ C R A City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 18636 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE OMNI CRA AND THE CITY OF MIAMI ("CITY") FOR THE ALLOCATION OF FUNDS IN AN AMOUNT NOT TO EXCEED ONE HUNDRED THIRTY THOUSAND DOLLARS ($130,000.00) ("FUNDS"), TO THE CITY FOR COSTS ASSOCIATED WITH IMPROVEMENTS TO EXISTING SIDEWALKS, CURBS AND GUTTERS LOCATED ON THE WEST SIDE OF NORTH EAST MIAMI PLACE & NORTH EAST 14TH STREET MIAMI FLORIDA, WITHIN THE OMNI CRA'S REDEVELOPMENT AREA ("PROJECT"), CONSISTENT WITH THE 2019 REDEVELOPMENT PLAN OF THE OMNI CRA; AUTHORIZING THE ALLOCATION OF FUNDS FROM " OTHER GRANT AND AIDS," ACCOUNT CODE NO. 10040.920501.883000.0000.00000 FOR THE PURPOSE STATED HEREIN; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY, FOR SAID PURPOSE, ALL IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("OMNI CRA") is a Community Redevelopment Agency created pursuant to Chapter 163 Florida Statutes, and is responsible for carrying out community redevelopment activities and projects within its redevelopment area in accordance with the 2019 Omni Redevelopment Plan (the "Plan"); and WHEREAS, OMNI CRA is committed to preserving history and culture, and improving the quality of life for those who reside in, visit, work in, or spend time within its neighborhoods; and WHEREAS, Section 163.335 Florida Statutes, the Community Redevelopment Act of 1969 (the "Act") states that the existence of slum and blighted areas greatly contributes to the spread of crime, thereby negatively affecting the community; and WHEREAS, Section 163.340(9) of the Act, defines "community redevelopment" or "redevelopment" as undertakings, activities, or projects by a county, municipality, or community redevelopment agency within a community redevelopment area for the elimination and prevention of the development or spread of slums and blight, or for the reduction or prevention of crime; and WHEREAS, the City of Miami ("City") and the OMNI CRA wish to work together on the improvements to existing sidewalks, replacing curb and gutters ("Project") located on the West side of North East Miami Place and North East 14th Street, within the OMNI CRA Redevelopment Area ("Project"); and City of Miami Page 2 of 3 File ID: 18636 (Revision:) Printed On: 12/4/2025 Packet Pg. 148 1.5 WHEREAS, the Executive Director is requesting authority from the Board of Commissioners to negotiate and execute a Memorandum of Understanding ("MOU") with the City in order to allocate funds in the amount not to exceed One Hundred Thirty Thousand Dollars ($130,000.00) ("Fund") for the Project; and WHEREAS, the Executive Director seeks authority to negotiate and execute any and all other necessary documents, all in a form acceptable to the General Counsel, for the purpose stated herein; and WHEREAS, the Board of Commissioners finds that the adoption of this Resolution would further the redevelopment objectives set forth in 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 to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Executive Director is hereby authorized to negotiate and execute an MOU between the OMNI CRA and the City for the allocation of funds for the Project. Section 3. The allocation of funds in an amount not to exceed One Hundred Thirty Thousand Dollars ($130,000.00) to the City for improvements to existing sidewalks, replacing curb and gutters, located on the West side of North East Miami Place and North East 14th Street, within the OMNI CRA's redevelopment area is hereby authorized. Section 4. The Executive Director is hereby authorized to negotiate and execute any and all other necessary documents for said purpose, all in a form acceptable to the General Counsel. Section 5. The Funds are to be allocated from the " Other Grant and Aids" 10040.920501.883000.0000.00000 to the City for the Project. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 3 of 3 File ID: 18636 (Revision:) Printed On: 12/4/2025 Packet Pg. 149