HomeMy WebLinkAboutCRA-R-26-0018 Master Report/jt
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-26-0018
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 19197
Revision: A
File Type: OMNI CRA Status: ADOPTED
Resolution
Controlling Body: OMNI Community
Redevelopment Agency
File Name: Kush Property, LLC — Subordination Request Introduced: 4/15/2026
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 4/23/2026
Title: 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.
Notes:
Links:
Attachments: 19197 Exhibit A (PDF)
19197 Exhibit B (PDF)
19197 Exhibit C (PDF)
19197 Backup (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
A
A
A
A
A
Jesly De Los Santos
Carlos I. Suarez
Domini J. Gibbs
George K. Wysong III
OMNI Community
Redevelopment Agency
OMNI Community
4/15/2026
4/16/2026
4/16/2026
4/16/2026
4/23/2026
4/23/2026
Staff Review
Department Head Review
ACA Review
Approved Form and
Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
ADOPTED Passed
City of Miami Page 1 of 2 Printed on: 5/15/2026
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-26-0018
Redevelopment Agency
A City Clerk's Office 4/23/2026 Rendered
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
Completed
City of Miami Page 2 of 2 Printed on: 5/15/2026