HomeMy WebLinkAboutR-21-0501City of Miami
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Legislation
Resolution: R-21-0501
File Number: 11138
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 12/9/2021
A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS
(4/5THS) AFFIRMATIVE VOTE, 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 1142 SW 4 ST LLC, A FLORIDA
LIMITED LIABILITY COMPANY ("SELLER"), FOR THE ACQUISITION OF REAL
PROPERTY LOCATED AT 1510 SOUTHWEST 7 STREET, MIAMI, FLORIDA
("PROPERTY'), FOR A PURCHASE PRICE OF ONE MILLION DOLLARS
($1,000,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE 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 ONE
MILLION SIXTY THOUSAND DOLLARS ($1,060,000.00), 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, IN ACCORDANCE WITH THE
TERMS AND CONDITIONS OF THE AGREEMENT.
SPONSOR(S): Commissioner Joe Carollo
WHEREAS, the City of Miami ("City") wishes to acquire the real property located at 1510
Southwest 7 Street, Miami, Florida ("Property"); and
WHEREAS, 1142 SW 4 ST LLC, a Florida Limited Liability Company ("Seller"), has
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 One Million Dollars ($1,000,000.00) ("Purchase
Price"); and
WHEREAS, pursuant to Section 166.045(b), Florida Statutes, titled "Proposed Purchase
of Real Property by Municipality; Confidentiality of Records; Procedure," for each purchase in an
amount in excess of $500,000.00, the governing body shall obtain at least two (2) appraisals by
appraisers approved pursuant to Section 253.025, Florida Statutes; and
WHEREAS, the City obtained two (2) appraisal reports from licensed State of Florida
certified appraisers with an average appraisal price of Eight Hundred Sixty -Two Thousand Five
Hundred Dollars ($862,500.00); and
WHEREAS, Section 166.045(b), Florida Statutes, further states that if the agreed
purchase price exceeds the average price of the two (2) appraisals, the governing body is
City of Miami Page 1 of 2 File ID: 11138 (Revision:) Printed On: 1212012021
File ID: 11138
Enactment Number: R-21-0501
required to approve the purchase by an extraordinary vote, i.e. a four -fifths (4/5ths) vote of the
City Commission; and
WHEREAS, the Purchase Price exceeds the average appraised value; and
WHEREAS, the City's total cost for the acquisition of the Property shall not exceed One
Million Sixty Thousand Dollars ($1,060,000.00), which is inclusive of the Purchase Price as well
as all closing costs and related costs pertaining to the acquisition; and
WHEREAS, funds for the acquisition of the Property, including the Purchase Price and
all closing costs and related costs, shall be allocated from a source of legally available funds to
be determined, subject to applicable laws;
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
hereby adopted by reference thereto 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 the Purchase Price.
Section 3. The City Manager is further authorized' to negotiate and execute all other
necessary documents, including amendments and modifications to said Agreement, in a form
acceptable to the City Attorney, as may be necessary to effectuate said acquisition.
Section 4. The City Manager shall allocate, and appropriate necessary funds in an
amount not to exceed One Million Sixty Thousand Dollars ($1,060,000.00) for the costs of
acquisition, including without limitation, the Purchase Price, cost of survey, environmental
reports, title insurance, demolition, securing the property, project signage, and all closing costs
associated with said acquisition, with the allocation and appropriation by separate Resolution
from legally available funding sources in accordance with applicable operating and/or capital
plan budgets, including amendments of such applicable budget(s) as necessary.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
1
i t6ria i ndez, Ci y Httor ey 11/30/2021
' 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.
City of Miami Page 2 of 2 File ID: 11138 (Revision:) Printed on: 1212012021