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 the Omni Community Redevelopment Area. The total amended budget is $73,064,289.00. The budget was approved by the Omni Community Redevelopment Agency on February 12, 2026, and by the City of Miami on February 26, 2026. The Intergovernmental and Economic Impact Committee forwarded this item to the Board with a favorable recommendation on July 15, 2026. The redevelopment area is located within County Commission Districts 3 and 5. Funding sources include tax increment financing (TIF) from the County and City, carryover funds, and a Children's Trust contribution. Operating and redevelopment expenses include professional and contractual services, grants to outside organizations, debt service, land acquisition, construction projects in progress, and obligations with other governments such as the Performing Arts Center, Seaport tunnel, Children's Trust programs, and Maurice Ferre Park capital improvements. The Agency and redevelopment area are scheduled to sunset in 2047. Public comment is not stated in this document.