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C R A
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-26-0011
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 19003 Final Action Date:3/12/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("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 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.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its boundaries; and
WHEREAS, A&E District Holding Company, LLC, a Florida limited Liability Company
("Developer") owns the properties located at Northeast Miami Place, Northeast 15th Street, and
Northeast 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,
and has requested the CRA to underwrite the expenditures and costs associated with the
City of Miami Page 1 of 3 File ID: 19003 (Revision: A) Printed On: 4/6/2026
File ID: 19003 Enactment Number: CRA-R-26-0011
Development and Construction of a 576-unit mixed -income housing project within the CRA's
Redevelopment Area ("Area"); and
WHEREAS, the project will consist of ten (10) units for eligible residents whose annual
income is equal to or less than 100% of the Area Median Income ("AMI") for Miami -Dade
County, as published annually by the United Stated Department of Housing and Urban
Development ("HUD"), two hundred twenty one (221) units for eligible residents whose annual
income is equal to or less than 120% AMI for Miami -Dade County, as published by HUD, and
the remaining three hundred forty five (345) units at market rate (the "Project"); and
WHEREAS, the CRA's 2019 Redevelopment Plan ("Plan") provides for the promotion of
a variety of housing options, including affordable and workforce housing, and encourages
partnerships with private entities to redevelop blighted properties and improve the public realm;
and
WHEREAS, the Developer requests grant funding in an amount not to exceed Two
Million Five Hundred Thousand Dollars ($2,500,000.00) to underwrite the costs associated with
the Project; and
WHEREAS, funding this Project is critical to addressing slum and blight, while enhancing
affordable housing options within the CRA, consistent with the goals outlined in the Plan; 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 in an amount not to exceed
Two Million Five Hundred Thousand Dollars ($2,500,000.00) to be disbursed, on a
reimbursement basis, or upon the presentation of invoices or proper documentation to the
Developer 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 of this Resolution are
adopted by reference and incorporated herein as fully set forth in this Section.
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," pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified,
approved, and confirmed, and the requirements for competitive sealed bidding are waived as
not being practicable or advantageous to the CRA.
Section 3. The allocation of funds in an amount not to exceed Two Million Five Hundred
Thousand Dollars ($2,500,000.00) to the Developer, contingent upon the issuance of the CRA's
Tax Increment Revenue Bonds, Series 2026, to underwrite the expenditures and costs
associated with the construction and development of the Project, is hereby approved.
City of Miami Page 2 of 3 File ID: 19003 (Revision: A) Printed on: 4/6/2026
File ID: 19003 Enactment Number: CRA-R-26-0011
Section 4. The Executive Director is authorized to disburse funds on a reimbursement
basis or upon the presentation of invoices or satisfactory documentation.
Section 5. The Executive Director is further authorized to negotiate and execute a
Forgivable Loan Agreement and supporting documents, including any and all other documents
necessary, all in forms acceptable to the General Counsel, for the Project, including, but not
limited to, a restrictive covenant detailing the rent restrictions for 30 years herein, which shall be
recorded in the public records of Miami -Dade County, Florida.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ng III, C ty ttor -y 3/5/2026
City of Miami Page 3 of 3 File ID: 19003 (Revision: A) Printed on: 4/6/2026