Southeast Overtown/Park West CRA

The Miami-Dade County Board of County Commissioners, by Resolution No. 1677-82 and 96-85, and Ordinance 82-115, approved the Southeast Overtown/Parkwest Redevelopment Plan (SEOPW Redevelopment Plan). The Plan focused on rehabilitation approximately 200 acres of real estate (The “Redevelopment Area”) located just north of the City of Miami’s Central Business District. Subsequently, pursuant to Section 163.387, Florida Statutes, the City of Miami (the “City”) created the Southeast Overtown/Park West Redevelopment Trust Fund (“Trust Fund”) to finance Redevelopment activities undertaken in accordance with the Plan.  In 1983, Miami-Dade County (the “County”) and the City entered into an inter-local agreement whereby the tax increment revenues assessed by both municipalities would be deposited into the Trust Fund.The County, acting as the governing body to the CRA approves the annual budget and all bonds issued by the City on behalf of the CRA to finance redevelopment activities.

The Boundaries of the CRA are: Beginning at a point at the intersection of the center line of N.E. 5th Street and the center line of Biscayne Boulevard, proceed west along the center line of N.E. 5th Street to the west ROW line of North Miami Avenue; thence south on the west ROW line of North Miami Avenue to the north ROW line of N.W. 1st Street; thence west on the north ROW line of N.W. 1st Street to the east ROW line of the Metrorail alignment; thence north along the east ROW line of the Metrorail alignment to the center line of N.W. 5th Street; thence west on the center line of N.W. 5th Street to the east ROW line of I-95; thence northwesterly on the east ROW line of I-95 to the south ROW line of I-395; thence easterly on the south ROW line of I-395 to the center line of Biscayne Boulevard; thence south along the center line of Biscayne Boulevard to the point of beginning.

Omni Redevelopment District CRA

The Miami City Commission, by Resolution No. 86-868, approved the Omni Area Redevelopment Plan ("Plan"). The Plan was created to eliminate and prevent the development of slum and blight within the Omni Redevelopment District, which bounded by N.E. 20th Street to the North, I-395 to the South, Biscayne Bay to the East, and the Florida East Coast Railroad Right-of-Way to the West. Shortly thereafter, the Miami-Dade County Commission, by Ordinance No. 87-47, Omni Redevelopment Trust Fund, pursuant to section 163.167, Florida Statutes.  The Trust was created to finance any community redevelopment undertaken within the Omni Redevelopment District, and is primarily funded through tax increment revenues. Furthermore, pursuant to sections 163.356 and 163.357, Florida Statues, the five members of the Miami City Commission also govern as the Board of commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA").  However, the Omni CRA is separate, distinct and independent from the City of Miami.  On May

Midtown CRA

Pursuant to city Resolution R-05-002, adopted on April 14, 2005, the Miami City Commission adopted the Midtown redevelopment plan. Shortly afterward, the County Commission approved tax increment financing for the Midtown Redevelopment District through Ordinance 05-108. Enactment of County Ordinance 05-108 put in to place the tax increment process pursuant to the Community Redevelopment Act of 1969 in Chapter 163, Florida Statutes. On April 29, 2004, the City Commission adopted Resolution 04-0288 authorizing the City Manager to execute an Interlocal Agreement with the Midtown CRA to provide staff and financial support for the community redevelopment agency. The CRA is responsible for implementing the redevelopment plan within its district. The Board of Directors for the Midtown CRA is comprised of the five members of the City of Miami Commission and is separate, distinct and independent from the governing body of the City. Annual progress reports are submitted to the Board and the community. Community participation is primarily through the Midtown Advisory Board. Midtown encompasses the area within NE 36th Street, NE 2nd Avenue, NE 29th Street and North Miami Avenue.