OMNI COMMUNITY CRA

Intergovernmental and Economic Impact Committee · 2026-07-15 · resolution

Resolution approving the amended FY 2025-2026 budget totaling $73,064,289.00 for the Omni Community Redevelopment Agency and the Omni Community Redevelopment Area. The budget was approved by the Agency on February 12, 2026, through Resolution No. CRA-R-26-0007 and by the City of Miami on February 26, 2026, through Resolution No. R-26-0094. The item was forwarded to the Board of County Commissioners with a favorable recommendation by the Intergovernmental and Economic Impact Committee on July 15, 2026. The budget includes $18,408,825 of County TIF payment, $28,721,630 of City TIF payment, carryover funds of $24,024,863, Children's Trust TIF contribution of $1,808,970, and $100,000 of other income. Administrative expenditures total $3,394,220. Operating and redevelopment expenses total $69,670,068, including $31,285,468 for grants to outside organizations, $250,768 for land acquisition, $1,429,835 for construction projects in progress, and $27,727,291 for obligations with other governments. The redevelopment area is located within County Commission Districts 3 and 5. The Agency and the redevelopment area are scheduled to sunset in 2047. A $150 million bond to fund projects is pending approval by the Board of County Commissioners, scheduled for its April 21, 2026 meeting. No public comment or stakeholder sentiment is stated in the document.