HomeMy WebLinkAboutCRA-R-25-0078 Exhibit A,tlisi
Omni
C R A
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
Executive Director
SUBJECT: 4/5ths Grant for Project
Located at Corner NE 17th 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:
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.