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Home My WebLink AboutOMNI CRA 2026-03-12 Marked AgendaOMNI Community Redevelopment Agency Marked Agenda March 12, 2026 �l• Not.- City of Miami Omni Marked Agenda ` R A OMNI Community Redevelopment Agency Damian Pardo, Chair, District Two Christine King, Vice Chair, District Five Miguel Angel Gabela, Board Member, District One Rolando Escalona, Board Member, District Three Ralph "Rafael" Rosado, Board Member, District Four OMNI CRA OFFICE ADDRESS 1401 N. Miami Avenue, 2nd Floor Miami, FL 33136 Phone: (305) 679-6868 www.omnicra.com Thursday, March 12, 2026 9:30 AM City Hall CALL TO ORDER Present: Chair Pardo, Vice Chair King, Commissioner Gabela, Commissioner Escalona and Commissioner Rosado On the 12th day of March 2026, the Board of Commissioners of the OMNI Community Redevelopment Agency of the City of Miami met in regular session at Miami City Hall located at 3500 Pan American Drive, Miami, Florida. The meeting was called to order by Chair Pardo at 11:43 a.m., and was adjourned at 11:48 a.m. Note for the Record: Commissioner Gabela entered the Commission chambers at 11:48 a.m. Note for the Record: Vice Chair King participated in the meeting via Zoom video conferencing. ALSO PRESENT: Carlos L Suarez, Executive Director, CRA Domini Gibbs-Sorey, Assistant General Counsel Todd B. Hannon, Clerk of the Board ORDER OF THE DAY OMNI Community Redevelopment Agency Page 1 Printed on 3/13/2026 OMNI Community Redevelopment Agency Marked Agenda March 12, 2026 APPROVING THE MINUTES OF THE FOLLOWING MEETING(S): 1. OMNI COMMUNITY REDEVELOPMENT AGENCY - REGULAR MEETING - FEB 12, 2026 9:30 AM MOTION TO: Approve RESULT: APPROVED MOVER: Ralph "Rafael" Rosado, Board Member, District Four SECONDER: Rolando Escalona, Board Member, District Three AYES: Pardo, King, Escalona, Rosado ABSENT: Gabela OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 19002 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY SUPPLEMENTING RESOLUTION CRA-R-25-0076 ADOPTED ON DECEMBER 11, 2025 ENTITLED "A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), 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."; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-26-0010 MOTION TO: Adopt RESULT: ADOPTED MOVER: Christine King, Board Member, District Five SECONDER: Rolando Escalona, Board Member, District Three AYES: Pardo, King, Gabela, Escalona, Rosado OMNI Community Redevelopment Agency Page 2 Printed on 3/13/2026 OMNI Community Redevelopment Agency Marked Agenda March 12, 2026 2. OMNI CRA RESOLUTION 19003 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), BYA FOUR -FIFTHS (4/STHS) 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; AUTHORIZING THE ALLOCATION OF FUNDS IN AN AMOUNT NOT TO EXCEED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00) TO A&E DISTRICT HOLDING COMPANY, LLC, CONTINGENT UPON THE ISSUANCE OF THE CRA'S TAX INCREMENT REVENUE BONDS, SERIES 2026, TO UNDERWRITE COSTS ASSOCIATED WITH THE CONSTRUCTION AND DEVELOPMENT OF A MIXED -INCOME AFFORDABLE HOUSING PROJECT LOCATED AT NORTH EAST MIAMI PLACE, NORTH EAST 15TH STREET, AND NORTH EAST 1ST AVENUE, MIAMI FLORIDA, IDENTIFIED BY FOLIO NUMBERS 01-3136-005- 0940, 01-3136-005-0970, 01-3136-005-0980, 01-3136-005-0950, 01-3136- 005-0960, AND 01-3136-005-0990 ("PROJECT") CONSISTING OF FIVE HUNDRED SEVENTY SIX (576) UNITS, INCLUDING 10 UNITS AT OR BELOW 100% OF THE AREA MEDIAN INCOME ("AMI"), 221 UNITS AT OR BELOW 120% AMI, AND 345 RESIDENTIAL UNITS AT MARKET RATE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A FORGIVABLE LOAN AGREEMENT AND SUPPORTING DOCUMENTS, INCLUDING ANY AND ALL OTHER DOCUMENTS NECESSARY FOR THE PURPOSE STATED HEREIN, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL; ALL BEING SUBJECT TO THE RENTS BEING RESTRICTED FOR 30 YEARS AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE COVENANT THAT IS TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. ENACTMENT NUMBER: CRA-R-26-0011 MOTION TO: Adopt RESULT: ADOPTED MOVER: Christine King, Board Member, District Five SECONDER: Rolando Escalona, Board Member, District Three AYES: Pardo, King, Gabela, Escalona, Rosado OMNI Community Redevelopment Agency Page 3 Printed on 3/13/2026 OMNI Community Redevelopment Agency Marked Agenda March 12, 2026 3. OMNI CRA RESOLUTION 19004 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/STHS) 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 OMNI CRA PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AS ADOPTED BY THE OMNI CRA; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE OMNI CRA; AUTHORIZING THE ALLOCATION OF GRANT FUNDS IN AN AMOUNT NOT TO EXCEED ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00), TO GREATER ISRAEL BETHEL PRIMITIVE BAPTIST CHURCH, A FLORIDA NOT -FOR -PROFIT CORPORATION, LOCATED AT 160 NORTHWEST 18 STREET, MIAMI, FLORIDA 33136 ("PROPERTY"),CONTINGENT UPON THE ISSUANCE OF THE OMNI CRA'S TAX INCREMENT REVENUE BONDS, SERIES 2026, FOR REPAIRS, REHABILITATION, AND RENOVATIONS TO THE PROPERTY; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE GRANT FUNDS ON A REIMBURSEMENT BASIS OR UPON THE PRESENTATION OF INVOICES OR SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A GRANT AGREEMENT, INCLUDING ANY AND ALL OTHER DOCUMENTS NECESSARY FOR THE PURPOSE STATED HEREIN, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ADJOURNED ENACTMENT NUMBER: CRA-R-26-0012 MOTION TO: Adopt RESULT: ADOPTED MOVER: Christine King, Board Member, District Five SECONDER: Rolando Escalona, Board Member, District Three AYES: Pardo, King, Gabela, Escalona, Rosado The meeting adjourned at 11:48 a.m. OMNI Community Redevelopment Agency Page 4 Printed on 3/13/2026