Omni Community Redevelopment Agency - Regular Meeting

Okay. You need four.

What time y'all coming back?

You don't know.

No, we're not breaking.

We're going straight through. Um, then I'm coming right back. Thank you. I'm still waiting for my Zoom. Will you set the other one?

Todd, we're going to do Southeast Overtown Park West because I only need three for that.

But we need four for Omni. Oh, Commissioner Gabela came back. Okay. All right. Omni, go ahead, Mr. Chair.

Good afternoon, everyone. I'm calling to order the December 11, 2025 Omni CRA meeting. Is there a motion to approve the minutes for the October 30, 2025 Omni CRA meeting? I got it.

Second.

Second.

All those in favor? Aye. Motion carries. Madame Assistant City Attorney, please briefly read the agenda items regarding CRA resolutions one through five into the record.

Good afternoon, Board. Dominique Gibbs, Soria Assistant City Attorney for the City Attorney's Office, serving as General Counsel for the CRA. Item number one is a resolution of the CRA accepting the proposal received October 6th, 2025, pursuant to request for proposals number 09-29-2025, pursuant, I'm sorry, from Richie Tandock, PA, for the provision of external auditing service for the CRA for fiscal year 24-25, the annual audit pursuant to section 218-39 Florida statutes for an initial term of two years with three one-year renewal options. authorizing an allocation in an amount not to exceed $29,000 for the initial term, subject to the availability of funds, and authorizing the executive directors to negotiate and execute an agreement. Item number two is going to be amended to include exhibits F and G, which has been distributed to all of you. It's a resolution authorizing the issuance of the not to exceed aggregate principal amount of $150 million redevelopment revenue bond series 2026 for the principal purpose of financing certain redevelopment projects, providing that the series 2026 bond shall be limited obligations of the issuer payable from tax increment revenues as provided herein, pledging such tax increment revenues and proceeds of certain funds and accounts created herein to secure payment of the principal and interest of the Series 2026 bonds, delegating the award of the sale of the Series 2026 bonds, approving the execution and delivery of the bond purchase agreement, approving the execution and delivery of the continuing disclosure agreement, providing for the right securities and remedies for the owners of the Series 2026 bonds, and making certain covenants and agreements in connection therewith. Item number three is a resolution by four-fifths allocating grant funds from the CRA's fiscal year 25-26 budget in an amount not to exceed $825,000 to Trackside Holdings LLC for an affordable housing redevelopment project contingent upon the issuance of the CRA's tax increment revenue bond series 2026 consisting of 18 total residential units, including six two-bedroom units and 12 one-bedroom units, of which six units will be restricted at 80% AMI at the property located at 1348 Northwest First Avenue in the CRA. Item number four is a resolution by four-fifths. allocating funds from the CRA's 25-26 budget in an amount not to exceed $900,000 to Howard Realty Partners to support the activation of a community venue for sports, entertainment, and cultural events on a privately owned property at the corner of Northeast 17th Street identified by folio number 0131360910010, contingent upon a fully executed lease between the property owner and the grantee being provided to the CRA no later than March 2nd, 2026. And item number five is being amended to clarify the specifics of the project and to provide backup documents, which is the cost estimate from the city. It's a resolution authorizing the executive director to negotiate in MOU between the CRA and the City of Miami for the allocation of funds in an amount not to exceed $130,000 to the city for costs associated with the build-out, construction of the public right-of-way improvements to include sidewalks, curb and gutters, stormwater drainage, and paving for the area located on the west side of Northeast Miami Place between Northeast 14th Street and Northeast 15th Street pursuant to Section 163, 370 Florida Statutes.

The public comment period is now open for all resolutions on today's agenda. Seeing no public comment on the agenda items, the public comment period is now closed. Is there any discussion amongst board members regarding resolutions one through five? Is there a motion for adoption of resolutions one through five?

Motion.

Second.

All those in favor? Aye. Motion carries unanimously. Thank you, everyone.

With two and five as amended. What's that? Simply clarifying on the record, with two and five as amended.

Good to go.

With two and five as amended. Thank you.

Thank you, everyone, for being here today. The meeting is now adjourned.

Thank you.