OMNI CRA Meeting

OMNI CRA Meeting — December 11, 2025 - 1:19 PM

Then, we will finish the agenda. >> Which first? >> Let's take the Omni cra. >> Just a moment. We're flipping the tape. >> [Unclear. ] >> You need four. >> What time do you come back/ >> [Unclear.] >> 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. Omni, go ahead. >> Good afternoon, I'm calling to order the Omni cra meeting. Is there a motion to approve minutes for the OCTOBER Omni cra meeting? >> Move. >> Second. >> All in favor? >> Aye. >> Motion carries. MADAM Assistant city attorney, please read the agenda items for 1 through 5 into the record. >> Good afternoon, board. Assistant city attorney for the city attorney's office serving as general counsel for the cra. Item 1 is a resolution of the cra concepting the proposal received OCTOBER 6, 2025 pursuant to request for proposal number [Unclear] For the cra for fiscal year 24-25, the annual audit, pursuant to section 218. 39 Florida statute for an initial time of two years with three one-year renewal options, authorizing an amount not more than $29,000 and authorizing the executive director to negotiate an agreement. Item 2 is a resolution authorizing the issuance. Of the not to exceed principal amount of $150 million redevelopment revenue bond for the purpose of finding a redevelopment project, providing that the bond shall be limited obligations of the issuer payable from tax increment revenues as provided herein to secure payment of the principal interest of the 2026 bond, delegating the award of the sale of the bond approving the execution and delivery of the bond purchase, agreement, providing for the rights, securities, and remedies for the owners and making certain covenants and agreements in connection therewith. Item three, a resolution by four-fifths allocating funds from the 24-25 fiscal year budget not to exceed $825,000 to Trackside Holdings, llc for an affordable housing project contingent on the revenue bond for 2026, consisting of 18 residential units of which six will be restricted at 80% ami at the property located at 1348 Northwest 1st Avenue. Item 4, a resolution by four-fifths allocating funds from the cra's budget not to exceed $900,000 to Howard Realty Partners to support the activation of a community venue for events on a privately owned property at Northeast 17th Street, identified by foliio umber [Reading number. ] Contingent upon a fully executed lease between the property owner and grantee provided to the cra no later than MARCH 2, 2026. Item 5 is being amended to clarify the specifics of the project and to provide backup documents, the cost estimate from the city, a resolution authorizing the executive director to allocate not to Exceed $130,000 for the buildout to include sidewalk, drainage, and paving for the area between Northeast 14th and 15th Street pursuant to 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. Any discussion regarding resolutions 1 through 5? Is there a motion for adoption? >> Motion. >> Second. >> All in favor. >> Aye. >> Motion carries unanimously. Thank you, everyone. >> Two and five as amended. >> What's that? >> Clarifying, with two and five as amended. >> Thank you for being here. The meeting is adjourned.