OMNI COMMUNITY CRA

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

Miami-Dade County Board of County Commissioners is considering the amended Fiscal Year 2025-2026 budget for the Omni Community Redevelopment Agency and Area. The total amended budget is $73,064,289.00. The budget was approved by the Agency on February 12, 2026, and the City of Miami on February 26, 2026. Key allocations include $1,400,000 for professional and contractual services, $31,285,468 for grants to outside organizations, $2,815,441 for debt service, $250,768 for land acquisition, $1,429,835 for construction projects in progress, and $27,727,291 for obligations with other governments, which includes $17,925,659 to the County and $4,000,000 for Maurice Ferre Park capital improvements. The redevelopment area is located within County Commission Districts 3 and 5. The Agency is funded through tax increment financing (TIF) and is scheduled to sunset in 2047. The Intergovernmental and Economic Impact Committee forwarded this item to the Board with a favorable recommendation on July 15, 2026.