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HomeMy WebLinkAboutCRA-R-26-0024 Exhibit A,tlisi Omni C R A INTER -OFFICE MEMORANDUM Carlos I. Suarez Executive Director TO: Board Chair Damian Pardo and DATE: May 28th, 2026 Members of the CRA Board FROM: Carlos I. Suarez Executive Director SUBJECT: Resolution Authorizing Sublease Agreement with Wynwood House Cuts LLC for Wynwood Works BACKGROUND: On April 10, 2025, the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") adopted Resolution No. CRA-R-25-0018, which authorized the Executive Director to execute a lease agreement for approximately Five Thousand, One Hundred Fifty -Three (5,153) square feet of rentable retail and/or commercial space located within the CRA Redevelopment Area on the property identified by folio number 01-3125-100-0010, also referred to as Wynwood Works (the "Property"), for a term not to exceed seventy-two (72) months. The CRA subsequently issued a public notice soliciting prospective tenants for the Property pursuant to Section 163.380, Florida Statutes. The solicitation period closed on April 13, 2026, and no responses or proposals were received by the CRA during the public solicitation period. The CRA desires to activate and utilize the Property in a manner that promotes economic activity, entrepreneurship, commercial activation, and neighborhood revitalization within the boundaries of the CRA. Wynwood House Cuts LLC, a Florida Limited Liability Company, has expressed interest in occupying and operating within approximately One Thousand, Six Hundred Thirty -Five (1,635) square feet of retail and/or commercial space at the Property. The proposed sublease would authorize a rental amount not to exceed Eight Thousand and 00/100 Dollars ($8,000.00) per month, for a term approved by the Executive Director. JUSTIFICATION: Based on the expiration of the thirty (30) day notice for the disposition of real property, or an interest therein, within the CRA Redevelopment Area pursuant to Section 163.380, Florida Statutes, and the absence of responses or proposals received during the public solicitation period, the Board of Commissioners is urged to approve the resolution ratifying, approving, and confirming the Executive Director's recommendation and finding that competitive negotiation methods and procedures are not practicable or advantageous to the CRA. The resolution, by a four -fifths (4/5ths) affirmative vote after an advertised public hearing, waives the requirements for competitive sealed bidding as not being practicable or advantageous to the CRA and authorizes the Executive Director to negotiate and execute a sublease agreement with Wynwood House Cuts LLC, together with any additional necessary documents, modifications, amendments, agreements, or instruments, all in forms acceptable to General Counsel. The proposed sublease supports the CRA's goal of activating commercial space within the Redevelopment Area, promoting local entrepreneurship and economic activity, and advancing neighborhood revitalization through the productive use of space at Wynwood Works. FUNDING: No CRA funding allocation is required. The proposed sublease is anticipated to generate rental revenue in an amount not to exceed Eight Thousand and 00/100 Dollars ($8,000.00) per month, as established by the Executive Director and subject to the terms of the sublease agreement.