HomeMy WebLinkAboutCRA-R-26-0017 Cover Memo-SUBTHIS DOCUMENT IS A SUBSTITUTION
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OMNI Board of Commissioners Meeting
April 23, 2026
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Damian Pardo
and Members of the CRA Board
From: Carlos I. Suarez
Executive Director
Date: April 23, 2026
File:
Subject: 4/5ths Grant Funding — 157 NW
17 Street
Enclosures: Exhibit A
Backup
Notice to the Public
BACKGROUND:
The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible
for carrying out community redevelopment activities and projects within its redevelopment area
in accordance with the CRA Redevelopment Plan ("Plan").
On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042,
adopting the City of Miami's procurement ordinance as the process by which any and all
services and goods are procured by the CRA.
In accordance with the CRA's 2019 Redevelopment Plan ("Plan") and Chapter 163, Florida
Statutes, the Board will consider funding an amount not to exceed Four Million Dollars and
00/100 Dollars ($4,000,000.00) to Estella Lockette, an individual and owner of the property
identified by folio number 01-3125-048-1111 located at 157 North West 17th Street, Miami,
Florida, to underwrite the expenditures and costs associated with the redevelopment cost of a
10-unit mixed -unit, mixed -income housing project within the CRA's boundaries. The project will
include two units for eligible residents whose annual income is equal to or less than 30% of the
Area Median Income ("AMI") for Miami -Dade County, as published by HUD. Another two units
for eligible residents whose annual income is equal to or less than 60% of the Area Median
Income ("AMI") for Miami -Dade County, as published by HUD, six units for eligible residents
whose annual income is equal to or less than 70% of the Area Media Income ("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 for the pontential use of a neighborhood
coffee shop, an art gallery for local artists, and a public serenity garden.
19172 Cover Memo -SUB
JUSTIFICATION:
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL. BACKUP ORIGINAL CAN
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This aligns with the Plan's objective of incentivizing diverse housing options, including
affordable and workforce housing. The Plan also aims to attract downtown workers and
enhance the area's visual appeal to businesses and residents through varied housing options.
This Project will further advance the CRA's goals of eliminating slum and blight by introducing
quality housing and activating underutilized space within the CRA.
Specifically, the Project will deliver ten (10) attainable housing units, along with community -
serving amenities including a coffee shop, an art gallery for local artists, and a publicly
accessible serenity garden, collectively representing approximately seventy-eight percent (78%)
of the Project.
FUNDING:
The grant funding will be a total amount not to exceed amount of $4,000,000.00, and is hereby
approved.
City of Miami Page 2 of 2 File ID: 19003 (Revision: A) Printed On: 3/26/2026
SUBSTITUTED
OMNI Board of Commissioners Meeting
April 23, 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
BACKGROUND:
Date: April 9, 2026
File: 19172
Subject: 4/5ths Grant Fu •ing - 157 NW
17th Street
Enclosures: 1. 72 Exhibit A
172 Backup
19172 Notice to the Public
The Omni Redevelopment District Commun 'i Redevelopment Agency ("CRA") is responsible
for carrying out community redevelopment-ctivities and projects within its redevelopment area
in accordance with the CRA Redevelop nt Plan ("Plan").
On September 13, 2016, the CR L approved and adopted Resolution No. CRA-R-16-0042,
adopting the City of Miami's pr• urement ordinance as the process by which any and all
services and goods are procur , by the CRA.
In accordance with the CRA's 2019 Redevelopment Plan ("Plan") and Chapter 163, Florida
Statutes, the Board will onsider funding an amount not to exceed Four Million Dollars and
00/100 Dollars ($4,01 %,000.00) to Estella Lockette, an individual and owner of the property
identified by folio ber 01-3125-048-1111 located at 157 North West 17th Street, Miami,
Florida, to under to the expenditures and costs associated with the Predevelopment cost of a
10-unit mixed- it, mixed -income housing project within the CRA's boundaries. The project will
include two its for eligible residents whose annual income is equal to or less than 30% of the
Area Medi Income ("AMI") for Miami -Dade County, as published by HUD. Another two units
for eligi• - residents whose annual income is equal to or less than 60% of the Area Median
Inco ("AMI") for Miami -Dade County, as published by HUD, six units for eligible residents
wh• •e annual income is equal to or less than 70% of the Area Media Income ("AMI") for Miami-
D de County, as published by HUD, and a ground -level community and/or commercial space of
pproximately three thousand (3,000) square feet for the potential use of a neighborhood coffee
shop, an art gallery for local artists, and a public serenity garden.
JUSTIFICATION:
SUBSTITUTED
This aligns with the Plan's objective of incentivizing diverse housing options, including
affordable and workforce housing. The Plan also aims to attract downtown workers and
enhance the area's visual appeal to businesses and residents through varied housing option
This Project will further advance the CRA's goals of eliminating slum and blight by introdu
quality housing and activating underutilized space within the CRA.
Specifically, the Project will deliver ten (10) attainable housing units, along with
serving amenities including a coffee shop, an art gallery for local artists, an
accessible serenity garden, collectively representing approximately seventy-eight
of the Project.
FUNDING:
The grant funding will be a total amount not to exceed amount of $4,0
approved.
c• munity-
a publicly
rcent (78%)
000.00, and is hereby
City of Miami Page 2 of 2 File ID: 19172 (Revision:) Printed On: 4/23/2026