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 agenda date is September 1, 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, $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. The redevelopment area is located within County Commission Districts 3 and 5. The Agency and redevelopment area are scheduled to sunset in 2047. A $150 million bond is pending approval by the Board of County Commissioners, currently scheduled for its April 21, 2026 meeting.