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Home My WebLink AboutCRA-R-26-0017 Master Report/jt Omni CRA OMNI Community Redevelopment Agency Master Report Enactment Number: CRA-R-26-0017 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 http://miamicra.com File Number: 19172 File Type: OMNI CRA Status: ADOPTED WITH Resolution MODIFICATION(S) Revision: A Controlling Body: OMNI Community Redevelopment Agency File Name: 4/5ths Grant Funding - 157 NW 17th Street Introduced: 4/9/2026 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), 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. Notes: Links: Attachments: 19172 Exhibit A -SUB (PDF) 19172 Cover Memo -SUB (PDF) 19172 Backup (PDF) 19172 Notice to the Public (PDF) City of Miami Page 1 of 2 Printed on: 7/27/2026 OMNI Community Redevelopment Agency Omni CRA History of Legislative File: Master Report Enactment Number: CRA-R-26-0017 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 http://miamicra.com Revision: Acting Body: Date: Action: Result: A A A A Jesly De Los Santos Carlos I. Suarez Domini J. Gibbs George K. Wysong III OMNI Community Redevelopment Agency OMNI Community Redevelopment Agency Domini J. Gibbs Xavier Alban George K. Wysong III City Clerk's Office 4/10/2026 4/15/2026 4/16/2026 4/16/2026 4/23/2026 4/23/2026 5/5/2026 7/27/2026 7/27/2026 7/27/2026 Staff Review Department Head Review ACA Review Approved Form and Correctness Meeting ADOPTED WITH MODIFICATION(S) ACA Review Deputy Attorney Review Approved Form and Correctness with Modification(s) Rendered Completed Completed Completed Completed Completed Passed Completed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 7/27/2026