HomeMy WebLinkAboutSEOPW-CRA-M-96-0012CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM j
To : Honorable Chairman and Members DATE : October 21,1996 FILE
of the Board
Community Redevelopment Agency SUsJECDisposition of CRA Owned
Property
.y
FROM: Herbert J. Bailey REFERENCES
Executive Director
Community R v t Agency ENCLOSURES:
In accordance with the CRA Board instructions of June 18,1996, the CRA-issued
a Request for Proposals (RFP) for the sale of a CRA-owned property (Property),
approximately 6,250 square feet, located between the Biscayne Boulevard and
NE 2nd Avenue and North of NE 9th Street.
On August 2,1996, the CRA advertised RFP for the sale of the subject Property,
delineating responsibilities of the interested proposers with respect to the site
development, financial requirements, and possible environmental toxic waste
clean up. In order to avoid the possibility of selling the Property to a speculator,
the RFP required the prospective buyer to develop the site with 18 month of
Boulevard the purchase.
On September 2,1996, the CRA received a proposal from Mr. Abraham Atzman,
in the amount of $310,000 for the purpose of expanding his current retail
operation located at 1000 Biscayne Boulevard.
Mr. Atzman s proposal is determined to be responsive to the RFP by meeting the
following requirements:
• His offer of $310,000 is consistent with the appraised value of the Property.
• He has a bank letter to qualify for a mortgage of $300,000.
• He is willing to develop the site within 18 months.
• He acknowledges the sale of the Property "as is", and assumes the
responsibility of any environmental toxic waste clean up effort at no cost
to the CRA.
Therefore, we would like to recommend the CRA Board to authorize us to
proceed with the sale of the Property to Mr. Atzman for $310,000.
Enclosures
SEOPW/CRA' 9 6 - 12
3900 06& Ow" Vac>Rle, P�, 906
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�...C"audardale.7&qz& 33309
(954) 561-4313
October 2, 1996 ,
x Community Redevelopment Agency
300 Biscayne Boulevard Way
Suite 400
Miami, Florida 33131
Attention: Erdal Donmez
Re: Property Located on the West Side of Biscayne Boulevard Between N.E. loth p j ��, C„rl9 IME.
Street and N.E. 1 lth Street, Miami, Florida
Dear Mr. Donmez,
Please accept the following as my response to your Request For Proposals regarding the above
referenced property.
Development Proposal: I own and operate the gas station at 1000 Biscayne Boulevard which is
adjacent to the property being offered for sale by the CRA. As I indicated to you in my letter,
dated March 25, 1996, (copy enclosed) it is my desire to reconstruct and upgrade my existing gas
station into a state of the art facility. Enclosed is a plan that illustrates how a new facility might
look. Please note that the expanded frontage on Second Avenue will enable me to better serve the
people seeking service on that street. By setting the building back from Biscayne Boulevard and
rearranging the location of the gas pumps more people can be served and the automobile
circulation in and out of the site is greatly facilitated thereby making it safer for all who come.
Financial Capability: The property at 1000 Biscayne Boulevard is owned free and clear of any
debt what -so -ever. I also have other assets that are owned debt free. Enclosed for your use is a
reference letter from my bank. Additionally, for over 35 years I have owned and operated
numerous gas stations and automobile service facilities.
Purchase Price: $310,000.00 payable in cash at closing subject only to good title.
Please call me if you have any questions regarding the above.
Sincerely yours
Abraham Ammon
SEOPW/CRAI, 9 6 - 12
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(954)468-2840
iVi_1►W1
September 26, 1996
Community Redevelopment Agency
300 Biscayne Boulevard Way —
Suite 400
Miami, Florida 33131
Attention: Erdal Donmez
Dear Mr. Donmez:
Please be advised that Mr. Abraham Atzmon is a respected and
valued customer of this bank. Given our knowledge of his accounts
and some of his finances we believe that he is financially capable
of acquiring a property whose value exceeds $300,000 from the City
of Miami. If he should require it, we are happy to consider his
application for a•loan in this regard.
If we can be of further assistance in this matter, please contact
US.
Sincerely,
Thomas E. Walker
Financial Services Representative
SEOPW/CRA 9 6 "
12