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OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-26-0017
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 19172 Final Action Date:4/23/2026
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 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.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its boundaries; and
WHEREAS, Estella Lockette, an individual ("Developer") and the owner of the property
identified by folio number 01-3125-048-1111 located at 157 North West 17th Street, Miami,
Florida, within the CRA Redevelopment Area ("Property"), submitted a request for grant funding
to redevelop and rehabilitate a 10-unit affordable housing mixed -use and mixed -income project,
to include two (2) units for income -eligible residents whose annual income is equal to or less
than 30% of the Area Median Income ("AMI") for Miami -Dade County, as published annually by
City of Miami Page 1 of 3 File ID: 19172 (Revision: A) Printed On: 7/27/2026
File ID: 19172 Enactment Number: CRA-R-26-0017
the United States Department of Housing and Urban Development ("HUD"), two (2) units for
low-income eligible residents whose annual income is equal to or less than 60% AMI for Miami -
Dade County, as published by HUD, and six (6) units for moderate -income eligible residents
whose annual income is equal to or less than 70%AMI for Miami -Dade County, as published by
HUD, and a ground -level community and/or commercial space of approximately three thousand
(3,000) square feet (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 Four
Million and 00/100 Dollars ($4,000,000.00) 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, while also supporting small and local business
development, creating jobs, and improving the public sphere by providing a space for local
artists and placemaking, 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
Four Million and 00/100 Dollars ($4,000,000.00) to be disbursed, subject to the Executive
Director's discretion on a draw schedule 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 Grant Funds in an amount not to exceed Four Million and
00/100 Dollars ($4,000,000.00) to the Developer for the Project are hereby authorized from the
CRA Fiscal Year 2025-2026 budget, subject to the availability of funding, contingent upon the
issuance of the CRA's tax increment revenue bonds, series 2026.
City of Miami Page 2 of 3 File ID: 19172 (Revision: A) Printed on: 7/27/2026
File ID: 19172 Enactment Number: CRA-R-26-0017
Section 4. The Executive Director is hereby 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 purpose stated herein,
including, but not limited to, a restrictive covenant detailing the rent restrictions as stated herein,
all being subject to the rents being restricted for 50 years which shall be recorded in the public
records of Miami -Dade County, Florida.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y ttor y 7/27/2026
City of Miami Page 3 of 3 File ID: 19172 (Revision: A) Printed on: 7/27/2026