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Home My WebLink AboutOMNI CRA 2026-04-23 MinutesCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Omni C R A Meeting Minutes Thursday, April 23, 2026 9:30 AM (OR THEREAFTER) City Hall 3500 Pan American Drive Miami, FL 33133 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, 2"d Floor Miami, FL 33136 Phone: (305) 679-6868 www.omnicra.com OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 CALL TO ORDER Present: Chair Pardo, Vice Chair King, Commissioner Gabela, Commissioner Escalona and Commissioner Rosado On the 23rd day of April 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 12:14 p.nz., and was adjourned at 12:22 p.m. ALSO PRESENT: Carlos L Suarez, Executive Director, CRA Xavier Alban, Deputy General Counsel Todd B. Hannon, Clerk of the Board ORDER OF THE DAY PUBLIC COMMENT FOR ALL ITEM(S) Chair Pardo: Okay. The public comment period is now open for all resolutions and discussion items on today's agenda. Public comment? Anyone here for public comment? Okay, seeing no further public comment, the public comment period is now closed. APPROVING THE MINUTES OF THE FOLLOWING MEETING(S): 1. OMNI COMMUNITY REDEVELOPMENT AGENCY - REGULAR MEETING - MAR 12, 2026 9:30 AM MOTION TO: Approve RESULT: APPROVED MOVER: Christine King, Vice Chair, District Five SECONDER: Miguel Angel Gabela, Board Member, District One AYES: Pardo, King, Gabela, Escalona, Rosado Chair Pardo: Okay, good afternoon, everyone. I'm calling to order the April 23rd, 2026 Omni CRA (Community Redevelopment Agency) meeting. Is there a motion to approve the minutes for the March 12th, 2026 Omni CRA meeting? Board Member Gabela: Motion. Vice Chair King: Motion. Board Member Escalona: So move. Chair Pardo: All in favor? The Board Members (Collectively): Aye. OMNI Community Redevelopment Agency Page 1 Printed on 5/5/2026 OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 Chair Pardo: Motion carries. OMNI CRA RESOLUTION(S) 1. OMNI CRA RESOLUTION 19172 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; AUTHORIZING THE ALLOCATION OF GRANT FUNDS FROM THE CRA'S FISCAL YEAR 2025-2026 BUDGET IN AN AMOUNT NOT TO EXCEED FOUR MILLION AND 00/100 DOLLARS ($4,000,000.00) TO ESTELLA LOCKETTE, AN INDIVIDUAL AND OWNER OF THE PROPERTY LOCATED AT 157 NORTH WEST 17TH STREET, MIAMI, FLORIDA, CONTINGENT UPON THE ISSUANCE OF THE CRA'S TAX INCREMENT REVENUE BONDS, SERIES 2026, TO UNDERWRITE COSTS ASSOCIATED WITH THE REDEVELOPMENT AND REHABILITATION OF THE LOCKETTE HOUSE, A TEN (10) UNIT AFFORDABLE HOUSING RESIDENTIAL AND COMMERCIAL MIXED -USE PROJECT ("PROJECT"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS ON A REIMBURSEMENT BASIS OR UPON THE PRESENTATION OF INVOICE OR SATISFACTORY DOCUMENTATION; 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 50 YEARS AS MORE PARTICULARLY DETAILED IN A RESTRICTIVE COVENANT THAT IS TO BE RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-26-0017 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Miguel Angel Gabela, Board Member, District One SECONDER: Ralph "Rafael" Rosado, Board Member, District Four AYES: Pardo, King, Gabela, Escalona, Rosado Chair Pardo: The public comment period is now open for all resolutions and discussion items on today's agenda. (COMMENTS MADE OFF THE RECORD) OMNI Community Redevelopment Agency Page 2 Printed on 5/5/2026 OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 Chair Pardo: Oh, yeah, go ahead. Xavier Alban: No worries. Good afternoon, Xavier Alban, Deputy City Attorney, for the Office of the City Attorney, here serving as general counsel for the Omni CRA (Community Redevelopment Agency). Item Number 1 is a resolution of the Board of Commissioners of the Omni CRA, by a four -fifths vote, authorizing the allocation of grant funds, in an amount not to exceed $4 million to Estella Lockette to underwrite costs associated with the redevelopment and rehabilitation of the Lockette House, a 10-unit residential affordable housing mixed -use project, located at 157 Northwest 17th Street; further authorizing the executive director to disburse fluids for the project and to negotiate and execute a forgivable loan and supporting documents all being subject to the rents being restricted Jro50 years as more particularly described in a restrictive covenant to be recorded in the public records of Miami - Dade County. And Item Number 1 is being amended to reflect an update in the memo clarifying that the funds are to be used for the redevelopment and rehabilitation costs associated with the project. And Item Number 2 is a resolution of the Board of Commissioners of the Omni CRA authorizing and approving the subordination of the CRA's forgivable loan as authorized pursuant to Resolution Number CRA-R-24- 0046 and amended pursuant to Resolution Number CRA-R-26-006 [sic] made to Kush Property, LLC (Limited Liability Company) for the mixed -use affordable housing development located at 2003 North Miami Avenue to the additional lender NRD-1 (Neighborhood Revitalization District) Public Benefits Trust Fund of the Wynwood Business Improvement District in an amount not to exceed $2,800,000; firrther authorizing the executive director to negotiate and execute an amendment to the forgivable loan agreement, the subordination agreement, and any additional necessary documents to effectuate said subordination. [Later...] Chair Pardo: Is there any discussion among the hoard members regarding Resolutions 1 and 2? Board Member Escalona: No. Board Member Gabela: No. Chair Pardo: Is there a motion for Resolutions 1 and 2? Board Member Gabela: Motion. Board Member Rosado: So moved. Chair Pardo: All those in favor? The Board Members (Collectively): Aye. Chair Pardo: Motion carries. Todd B. Hannon (Clerk of the Board): With Item Number 1 as amended. OMNI Community Redevelopment Agency Page 3 Printed on 5/5/2026 OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 2. OMNI CRA RESOLUTION 19197 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), AUTHORIZING AND APPROVING THE SUBORDINATION OF THE CRA'S FORGIVABLE LOAN, AS AUTHORIZED PURSUANT TO CRA RESOLUTION NO. CRA-R-24-0046 AND AMENDED PURSUANT TO CRA RESOLUTION NO. CRA-R-26-0006 MADE TO KUSH PROPERTY, LLC, A FLORIDA LIMITED LIABILITY COMPANY, FOR THE MIXED -USE AFFORDABLE HOUSING DEVELOPMENT LOCATED AT 2003 NORTH MIAMI AVENUE, MIAMI FLORIDA, TO ADDITIONAL LENDER NRD- 1 PUBLIC BENEFITS TRUST FUND ("TRUST") OF THE WYNWOOD BUSINESS IMPROVEMENT DISTRICT ("BID") IN AN AMOUNT NOT TO EXCEED TWO MILLION EIGHT HUNDRED THOUSAND AND 00/100 DOLLARS ($2,800,000.00); AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AMENDMENT TO THE FORGIVABLE LOAN AGREEMENT, A SUBORDINATION AGREEMENT, INCLUDING ANY AND ALL OTHER DOCUMENTS, AMENDMENTS, EXTENSIONS NECESSARY TO EFFECTUATE SAID SUBORDINATION, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL; PROVIDING FOR THE INCORPORATION OF SAID RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-26-0018 MOTION TO: Adopt RESULT: ADOPTED MOVER: Miguel Angel Gabela, Board Member, District One SECONDER: Ralph "Rafael" Rosado, Board Member, District Four AYES: Pardo, King, Gabela, Escalona, Rosado Note for the Record: For minutes referencing Item Number 2, please see Item Number 1. OMNI CRA DISCUSSION ITEM(S) 1. OMNI CRA DISCUSSION 19145 PRESENTATION OF EXTERNAL AUDIT REPORT FOR FISCAL YEAR 2025. RESULT: DISCUSSED Note for the Record: A motion was made by Commissioner Rosado, seconded by Commissioner Gabela, and was passed unanimously, to accept the OMNI Community Redevelopment Agency's 2025 Audit Results for the fiscal year ended September 30, 2025. Chair Pardo: Then we also have Item DI1. This is a discussion item for our audit. Richie's on Zoom. You can put Richie through. Todd B. Hannon (Clerk of the Board): If the Zoom administrator can allow Mr. Tandoc to appear on the screen. Richie Tandoc: Can you hear me? OMNI Community Redevelopment Agency Page 4 Printed on 5/5/2026 OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 Chair Pardo: Yes, we can hear you. Mr. Tandoc: Oh, okay. Good afternoon, Chair and board members. My name is Richie Tandoc with Richie Tandoc, PA (Public Accountant), CPA (Certified Public Accountant). I am the partner in charge of the Omni CRA's (Community Redevelopment Agency) audit engagement for the fiscal year ended September 30th, 2025. I thank you very much for allowing me to present via Zoom. Before I get into my brief presentation, I'd like to thank Carlos Suarez and Larry Spring for their cooperation and assistance in completing this year's audit of the CRA. Each of you should have received a copy of the report on the results of the 2025 audit and our required communications as your auditor. I'd like to just briefly go over some of those required communications. Starting on page 1 of that report, regarding the auditor's responsibilities, our responsibilities under generally accepted auditing standards and government auditing standards, we have issued an unmodified opinion, which is a clean opinion, on the CRA 's basic financial statements for the year end September 30th, 2025. We also issued our report on the agency's internal control over financial — sorry, we reported no significant deficiency in internal control in our report. Both reports are dated March 5th, 2026. Regarding significant accounting policies, the agency's significant accounting policies are described in note one to the financial statements. And those accounting principles that were selected by management are consistent with those prescribed by government audit accounting standards. And the agency's financial statements in related disclosures are clearly presented in a complete manner. Regarding accounting estimates for the fiscal year ended September 30th, 2025, management judgment was called upon to establish the useful lives of capital assets. We've determined that those estimates are reasonable. Going down to significant or unadjusted audit adjustments, we had no significant or unadjusted audit adjustments during the current year audit. Going to the next page, regarding fraud and illegal acts, we are not aware of any fraud or illegal acts that occurred in the fiscal year involving senior management or any fraud or illegal acts involving any employee that would cause a material misstatement of financial statements. Going hack to independence, there are no relationships between us and the agency or its related entities, including the City, that in our professional judgment may reasonably be thought to impede our independence. With regards to our audit of the agency, as of September 30th, 2025, we are independent with respect to the agency in accordance with the rules of the AICPA (American Institute of Certified Public Accountants) and government auditing standards. And we have not performed any non -audit services for the agency during the fiscal year end September 30th, 2025 or thereafter, with the exception of assisting in preparing the financial statements. And lastly, going to the management letter, we're required to issue a management letter in accordance with the rules of the Auditor General. We did issue that report, which is dated March 5th, 2026, and we did not -- we did not document any issues therein. If you have any specific questions about our opinion, our audit, or the financial statements, I'd be happy to address those. Chair Pardo: Can we have a motion to accept the findings of the fiscal year 2025 external independent audit report as presented? Board Member Rosado: So moved. Board Member Escalona: Move. Board Member Gabela: Second. Chair Pardo: All those in favor? OMNI Community Redevelopment Agency Page 5 Printed on 5/5/2026 OMNI Community Redevelopment Agency Meeting Minutes April 23, 2026 ADJOURNED The Board Members (Collectively): Aye. Chair Pardo: Motion passes. Thank you, everyone, for being here today. The meeting is now adjourned. The meeting adjourned at 12:22 p.m. OMNI Community Redevelopment Agency Page 6 Printed on 5/5/2026