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Master Report
File Number: 11138
Revision:
Enactment Number: R-21-0501
File Type: Resolution
File Name: Direct CM - Execute Purchase and Sale Agreement
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 11 /30/2021
Requesting Dept: Commissioners and Mayor Final Action Date: 12/9/2021
Title: 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
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments:
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez
11/30/2021
Approved Form and
Completed
Correctness
City Commission
12/9/2021
Meeting
Completed
City Commission
12/9/2021
ADOPTED
Passed
City Clerk's Office
12/14/2021
Rendered
Completed
City of Miami Page 1 of 1 Printed on: 1212012021