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HomeMy WebLinkAboutCRA-R-26-0024 MemorandumOMNI Board of Commissioners Meeting May 28, 2026 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Damian Pardo and Members of the CRA Board From: Carlos I. Suarez Executive Director Date: May 21, 2026 File: 19315 Subject: Wynwood Works Sublease to Wynwood Cuts LLC Enclosures: 19315 Exhibit A 19315 Notice to the Public 19315 Proposal 19315 Backup 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: The Board of Commissioners is urged to approve the resolution authorizing the Executive Director to negotiate and execute a sublease agreement with Wynwood House Cuts LLC for approximately One Thousand, Six Hundred Thirty -Five (1,635) square feet of retail and/or commercial space at Wynwood Works, located on the property identified by folio number 01- 3125-100-0010, also referred to as Wynwood Works. The resolution ratifies, approves, and confirms the Executive Director's recommendation and finding that competitive negotiation methods and procedures are not practicable or advantageous to the CRA, after the expiration of the thirty (30) day notice for the disposition of real property, or an interest therein, pursuant to Section 163.380, Florida Statutes. The resolution further waives the requirements for competitive sealed bidding and authorizes the Executive Director to negotiate and execute any related documents, amendments, agreements, or instruments necessary to effectuate the sublease, all in forms acceptable to General Counsel. The proposed sublease will assist with the activation of the Property, support entrepreneurship and commercial activity, generate monthly rental revenue, and further the CRA's redevelopment objectives by encouraging neighborhood revitalization within the CRA boundaries 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. City of Miami Page 2 of 5 File ID: 19315 (Revision:) Printed On: 6/16/2026 i Omni CRA City of Miami Legislation OMNI CRA Resolution CRA-R-26-0024 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 19315 Final Action Date:5/28/2026 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) 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, AFTER THE EXPIRATION OF THE THIRTY (30) DAY NOTICE FOR THE DISPOSITON OF ANY REAL PROPERTY OR INTEREST THEREIN IN THE CRA'S REDEVELOPMENT AREA PURSUANT TO SECTION 163.380, FLORIDA STATUTES; WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CRA; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A SUBLEASE AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, WITH WYNWOOD HOUSE CUTS LLC, A FLORIDA LIMITED LIABILITY COMPANY, FOR APPROXIMATELY ONE THOUSAND, SIX HUNDRED THIRTY FIVE (1,635) SQUARE FEET OF RETAIL AND/OR COMMERCIAL SPACE LOCATED ON THE PROPERTY IDENTIFIED BY FOLIO NUMBER 01-3125-100-0010, ALSO REFERRED TO AS WYNWOOD WORKS ("PROPERTY"), FOR 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; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A SUBLEASE AGREEMENT AND ANY ADDITIONAL NECESSARY DOCUMENTS, INCLUDING ANY MODIFICATIONS OR AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL, FOR THE PURPOSES STATED HEREIN; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is a public body corporate created pursuant to Chapter 163, Part III, Florida Statutes, and is authorized to carry out community redevelopment activities within the boundaries of the CRA pursuant to the adopted redevelopment plan; and WHEREAS, on April 10, 2025, the Board of Commissioners of the 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 area on the property identified by folio number 01-3125-100-0010, also referred to as Wynwood Works ("Property"), fora term not to exceed seventy-two (72) months; and City of Miami Page 3 of 5 File ID: 19315 (Revision:) Printed On: 6/16/2026 WHEREAS, the CRA subsequently issued a public notice soliciting prospective tenants for the Property pursuant to Section 163.380, Florida Statutes, with the solicitation period closing on April 13, 2026; and WHEREAS, no responses or proposals were received by the CRA during the public solicitation period; and WHEREAS, 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; and WHEREAS, Wynwood House Cuts LLC, a Florida Limited Liability Company ("Wynwood House Cuts LLC"), whose mailing address is 2035 North Miami Avenue, Suite 1214, Miami, Florida 33127, has expressed interest in occupying and operating within the Property; and WHEREAS, the Executive Director has negotiated proposed terms for the sublease of the Property to Wynwood House Cuts LLC, with rent to be established at an amount not to exceed Eight Thousand and 00/100 Dollars ($8,000.00) per month; and WHEREAS, the Board of Commissioners finds it to be in the best interest of the CRA and the public to authorize the Executive Director to negotiate and execute a sublease agreement and any related documents, all in forms acceptable to General Counsel, necessary to facilitate occupancy and activation of the Property; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA, THAT: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if 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," are ratified, approved, and confirmed, and the requirements for competitive sealed bidding are waived as not being practicable or advantageous to the CRA, after the expiration of the thirty (30) day notice for the disposition of any real property or interest therein in the CRA's redevelopment area pursuant to Section 163.380, Florida Statutes. Section 3. The Executive Director is authorized to negotiate and execute a sublease agreement with Wynwood House Cuts LLC for approximately One Thousand, Six Hundred Thirty Five (1,635) square feet of retail and/or commercial space located on the property identified by folio number 01-3125-100-0010, also referred to as Wynwood Works ("Property"), subject to terms and conditions acceptable to the Executive Director, and all in a form acceptable to General Counsel. Section 4. The rental amount for the sublease agreement shall be established by the Executive Director at an amount not to exceed Eight Thousand and 00/100 Dollars ($8,000.00) per month. Section 5. The Executive Director is further authorized to negotiate and execute any and all documents, amendments, agreements, or instruments necessary to effectuate the intent of this Resolution, all in a form acceptable to General Counsel. City of Miami Page 4 of 5 File ID: 19315 (Revision:) Printed On: 6/16/2026 Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: OR2.8c GE . WYSONIII, ^ENERAL COUNSEL City of Miami Page 5 of 5 File ID: 19315 (Revision:) Printed On: 6/16/2026