RE.5 - A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO ACCEPT FUNDS, IN AN AMOUNT NOT TO EXCEED TEN MILLION AND 00/100 DOLLARS ($10,000,000.00), FROM THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (“OMNI CRA”), FROM OMNI CRA REDEVELOPMENT REVENUE BONDS, SERIES 2026 PROCEEDS TO FUND ELIGIBLE COSTS ASSOCIATED WITH PHASE 1 OF THE MARGARET PACE PARK IMPROVEMENT PROJECT ("PROJECT") LOCATED WITHIN THE BOUNDARIES OF THE OMNI CRA REDEVELOPMENT AREA; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND THE DESIGNATED CITY OFFICIALS TO UPDATE THE CITY’S CAPITAL PLAN AND RELEVANT FINANCIAL CONTROLS, ACCOUNTING ENTRIES, AND COMPUTER SYSTEMS, FOR PROJECT CLOSE-OUTS, GRANTS AND OTHER FUNDING SOURCES IN CONNECTION HEREWITH; FURTHER AUTHORIZING THE CITY MANAGER TO MAKE ANY CHAN...
September 24, 2026
Sponsors
District Two Damian Pardo
Commissioner
Department: Commissioners and Mayor
Category: Elected Official Item
WHEREAS, the City of Miami (“City”), through its Office of Capital Improvements and Department of Parks and Recreation, is advancing Phase 1 of the Margaret Pace Park improvement project ("Project"), including improvements to the baywalk and shoreline, landscaping and tree-canopy enhancements, accessibility improvements, exercise equipment, furnishings, fountains, benches, and related park amenities; and
WHEREAS, the OMNI Redevelopment District Community Redevelopment Agency (“OMNI CRA”), at its Board of Commissioners meeting on September 10, 2026, adopted OMNI CRA Resolution No. CRA-R-26-0047 approving the allocation of an amount not to exceed Ten Million and 00/100 Dollars ($10,000,000.00) for the Project which is located within the boundaries of the OMNI CRA Redevelopment Area; and
WHEREAS, the City deems it beneficial and in the City’s best interests to accept the funds from the OMNI CRA to fund eligible costs of the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized to accept funds from the OMNI CRA in an amount not to exceed Ten Million and 00/100 Dollars ($10,000,000.00) for the purpose of funding elegible costs of the Project within the OMNI CRA’s Redevelopment Area.
Section 3. The City Manager is further authorized1 to negotiate and execute any and all documents necessary, all in a form acceptable to the City Attorney, for said purpose.
Section 4.Certain necessary actionsby the City Manager and designated City officials and departments made in order to update the City’s Capital Plan, relevant financial controlsand computer systems for project close-outs, and for grants and other funding sources in progress in connection herewith are ratified, approved, and confirmed.
Section 5. The City Manager is further authorized1to make any changes to adjust, amend, and appropriate the City’s Operating Budget, Five-Year Financial Plan, Strategic Plan, Multi-Year Capital Plan, and any other documents as necessary and applicable, pursuant to the provisions of this Resolution.
Section 6. This Resolution shall become effective immediately upon its adoption and signature by the Mayor.
WHEREAS, the OMNI Redevelopment District Community Redevelopment Agency (“OMNI CRA”), at its Board of Commissioners meeting on September 10, 2026, adopted OMNI CRA Resolution No. CRA-R-26-0047 approving the allocation of an amount not to exceed Ten Million and 00/100 Dollars ($10,000,000.00) for the Project which is located within the boundaries of the OMNI CRA Redevelopment Area; and
WHEREAS, the City deems it beneficial and in the City’s best interests to accept the funds from the OMNI CRA to fund eligible costs of the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized to accept funds from the OMNI CRA in an amount not to exceed Ten Million and 00/100 Dollars ($10,000,000.00) for the purpose of funding elegible costs of the Project within the OMNI CRA’s Redevelopment Area.
Section 3. The City Manager is further authorized1 to negotiate and execute any and all documents necessary, all in a form acceptable to the City Attorney, for said purpose.
Section 4.Certain necessary actionsby the City Manager and designated City officials and departments made in order to update the City’s Capital Plan, relevant financial controlsand computer systems for project close-outs, and for grants and other funding sources in progress in connection herewith are ratified, approved, and confirmed.
Section 5. The City Manager is further authorized1to make any changes to adjust, amend, and appropriate the City’s Operating Budget, Five-Year Financial Plan, Strategic Plan, Multi-Year Capital Plan, and any other documents as necessary and applicable, pursuant to the provisions of this Resolution.
Section 6. This Resolution shall become effective immediately upon its adoption and signature by the Mayor.