HomeMy WebLinkAboutR-20-0349City of Miami
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Legislation
Resolution: R-20-0349
File Number: 8005
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 10/22/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE
AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND IVAN TOLEDO
AND ISIS FUENTE ("SELLER") FOR THE ACQUISITION OF REAL PROPERTY
LOCATED AT 725 SOUTHWEST 63 COURT, MIAMI, FLORIDA ("PROPERTY")
FOR A PURCHASE PRICE OF THREE HUNDRED EIGHTY THOUSAND
DOLLARS ($380,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT,
ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE
NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS
FROM A SOURCE TO BE DETERMINED IN AN AMOUNT NOT TO EXCEED
FOUR HUNDRED FIFTEEN THOUSAND DOLLARS ($415,000.00) TO COVER
THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF SURVEY,
ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING
THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS
ASSOCIATED WITH SAID ACQUISITION, ALL IN ACCORDANCE WITH THE
TERMS AND CONDITIONS OF THE AGREEMENT.
SPONSOR(S): Commissioner Manolo Reyes
WHEREAS, the City of Miami ("City") wishes to acquire the property located at 725
Southwest 63 Court, Miami, Florida ("Property"); and
WHEREAS, the City plans to construct a park at the Property that will enhance the
quality of life of residents in the surrounding area; and
WHEREAS, Ivan Toledo and Isis Fuente ("Seller") have agreed to enter into a Purchase
and Sale Agreement ("Agreement") with the City to convey the Property to the City for a
purchase price of Three Hundred Eighty Thousand Dollars ($380,000.00); and
WHEREAS, the City obtained an appraisal from a licensed State of Florida certified
appraiser stating that the appraised value of the Property is at least the purchase price of Three
Hundred Eighty Thousand Dollars ($380,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Four Hundred Fifteen Thousand Dollars ($415,000.00) with funds to be allocated from a
source to be determined;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 8005 (Revision:) Printed On: 1111312020
File ID: 8005 Enactment Number: R-20-0349
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The City Manager is authorized' to negotiate and execute the Agreement, in
a form acceptable to the City Attorney, between the City and the Seller for the acquisition of the
Property for a purchase price of Three Hundred Eighty Thousand Dollars ($380,000.00).
Section 3. The City Manager is further authorized' to negotiate and execute any and all
necessary documents, including amendments and modifications to said Agreement, all in forms
acceptable to the City Attorney, as may be necessary to effectuate said acquisition.
Section 4. Funding for the acquisition of the Property is to be allocated from a source to
be determined in an amount not to exceed Four Hundred Fifteen Thousand Dollars
($415,000.00) to cover the cost of said acquisition, inclusive of the cost of survey, environmental
reports, title insurance, demolition, securing the property, project signage, and related closing
costs associated with said acquisition, all in accordance with the terms and conditions of the
Agreement.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS
1
&�na City Nttor ey 10/1312020
' The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 8005 (Revision:) Printed on: 1111312020