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HomeMy WebLinkAboutSEOPW-CRA-R-01-0152RESOLUTION NO. SEOPW/CRA R-01-152 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY (THE "CRA") AUTHORIZING THE EXECUTIVE DIRECTOR OF THE CRA TO OFFER BLOCK 36, 46 OR 56 TO CAMILLUS HOUSE AS AN ALTERNATIVE SITE FOR THE RELOCATION OF ITS FACILITIES. WHEREAS, the City, of Miami approved and adopted the Southeast Overtown/Park West Community Redevelopment Plan pursuant to Resolution Nos. 82-755 and 85-1247 (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out community redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, the CRA desires to authorize the Executive Director of the CRA to offer Block 36, 46 or 56 to Camillus House as an alternative site for the relocation of its facilities. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The Board of Directors of the CRA hereby authorizes the Executive Director of the CRA to offer Block 36, 46 or 56 to Camillus House as an alternative site for the relocation of its facilities. Section 3. The resolution shall be effective upon its adoption. PASSED AND ADOPTED on this llth day of December, 2001. Arthur E. Teele, Jr., Chairman SEOPW/CRA 01- 15 ATTEST: Walter J. Foeman, City Clerk APPROVED AS TO FORM AND CORRECTNESS: Holland & Knight LLP CRA Legal Counsel MIAI #1140208 vI 2 SEOPW/CRA O 1- 16� 5 2 dlaw.� ITEM 24 SEOPW/CRA RESOLUTION NO. SEOPWCRA A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR TO OFFER ONE OF THE FOLLOWING BLOCKS AS AN ALTERNATE SITE, BLOCK #36, #45 OR #56, TO THE CAMILLUS HOUSE FOR ITS PLANS TO RELOCATE HOWEVER SUBJECT TO THE OUTCOME OF THE PENDING LITIGATION WITH MIAMI- DADE COUNTY RELATING TO THE REVERSION OF SAID PROPERTY. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency (the "CRA") is responsible for carrying out community redevelopment activities and projects in the Southeast Overtown/Park West Community Redevelopment Area established pursuant to the CRA Redevelopment Plan, and WHEREAS, the CRA desires assist any entity whose actions will assist in the progression and/or implementation of the Redevelopment Plan for the purpose of removal of slum and blight from the targeted area. WHEREAS, at the November 15`h, 2001 CRA Board Meeting the CRA Executive Director and City Attorney with Special Counsel to update the existing agreement with the Camillus House as it relates to their relocation plan. WHEREAS, the CRA also acknowledges that there are other requirements imposed by the Redevelopment Act of 1969 and Interlocal Agreements to which must be complied. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to the Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA Board of Directors authorizes the Executive Director to offer one of the following Blocks #36, #45 or #56 as an alternate site when updating the existing agreement with the Camillus House. Section 3. This resolution shall be effective upon its adoption. PASSED AND ADOPTED this 1 l t' day of December, 2001. N m Walter J. Foeman City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney Arthur E. Teele, Jr., Chairman ITEM 24 SEOPW/CRA CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Chairman Teele And Members of the CRA Board FROM Annette E. Lewis, Acting Executive ITEM 24 DATE: December 11, 2001 FILE; SUBJECT: Authorizing the Executive Director to offer Block 36, 45 REFERENCES: or 56 to the Camillus House ENCLOSURES: // Resolution Recommendation It is recommended that the Board of Directors authorize the Executive Director to offer Block 36, 45, or 56 to the Camillus House as an alternate site in its plans to relocate. Background At the CRA Board Meeting of November 15, 2001, the Executive Director, City Attorney, along with Special Counsel update the existing agreement with Camillus House. Additionally, in a Motion (MO1-130), Board Members expressed concerns about the site chose and requested that additional options for alternate location be investigated. Funding Source: Account Number: 0 Im SEOPW AND OMNI/CRA CITY CLERK'S REPORT MEETING DATE: November 15, 2001 Page No. 1 ITEM 2 A RESOLUTION OF THE BOARD OF DIRECTORS SEOPW/CRA M-0I-129 OF THE SOUTHEAST OVERTOWN/PARK WEST MOVED: WINTON COMMUNITY REDEVELOPMENT AGENCY SECONDED: REGALADO ("CRA") AUTHORIZING THE CRA EXECUTIVE UNANIMOUS DIRECTOR WITH THE ASSISTANCE OF THE CITY ATTORNEY AND SPECIAL COUNSEL FOR MATTERS RELATING TO THE CAMILLUS HOUSE, TO NEGOTIATE AND UPDATE THE EXISTING AGREEMENT WITH THE CAMILLUS HOUSE. ITEM 2 A MOTION TO REVIEW COMMUNITY SEOPW/CRA M-01-130 REDEVELOPMENT AGENCY (CRA) BOARD MOVED: REGALADO MEMBERS' CONCERNS OVER CURRENT SITE SECONDED: GORT CHOSEN FOR RELOCATION OF THE CAMILLUS UNANIMOUS HOUSE AND FURTHER INVESTIGATE ADDITIONAL OPTIONS TO ACQUIRE A DIFFERENT LOCATION OUTSIDE THE OMNI REDEVELOPMENT AREA FOR SAID RELOCATION OF CAMILLUS HOUSE. NON A MOTION TO CANCEL THE CRA BOARD SEOPW/CRA M-0I-131 AGENDA MEETING CURRENTLY SCHEDULED FOR OMNI/CRA M-01-33 MONDAY, NOVEMBER 19, 2001 AND MOVED: WINTON RESCHEDULE THE NEXT CRA BOARD MEETING SECONDED: REGALADO FOR TUESDAY, DECEMBER 11, 2001, BEGINNING UNANIMOUS 2:00 P.M. OR AS SOON AS THE REGULAR CITY COMMISSION MEETING SCHEDULED FOR THIS SAME DATE IS RECESSED. R SEOPW AND OMNI/CRA CITY CLERK'S REPORT MEETING DATE: November 15, 2001 Page No. 2 ITEM 2 Direction by Chairman Teele: to the CRA Executive Director to supply board members with copies of appraisals of parcels that have previously been appraised for potential sites in connection with relocation of the Camillus House; further to ensure that CRA staff meet with Vice Chairman Winton on real estate issues. APPROVED: WALTER J. FOEMAN, CITY CLERK NOTE: AS DULY NOTED ON THE HEREIN AGENDA AND CITY CLERK'S REPORT, WHICH CONSTITUTES A JOURNAL OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY (CRA) BOARD PROCEEDINGS, THE "UNANIMOUS" NOTATION NEXT TO THE VOTE ON EACH ITEM MEANS THAT ALL FIVE MEMBERS OF THE CRA WERE PRESENT AND VOTED "AYE" ON SAID ROLL CALL VOTE. NEGATIVE VOTES, PHYSICAL ABSENCE OF A BOARD MEMBER OR ABSTENTION FROM VOTING BY A BOARD MEMBER, IF ANY, IS ALSO DULY REFLECTED IN SAID VOTE N N TO Chairman Arthur Teele, Jr. and Members of the CRA Board FROM : Annette E. Lewis Acting Executive Director RECOMMENDATION CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM DATE : November 15, 2001 FILE SUBJECT : Updating of Agreement between the CRA and the Camillus House with the assistance of the City Attorney and Special Counsel. REFERENCES: ENCLOSURES: It is recommended that the CRA Board pass the attached resolution to update the existing agreement to afford the finalization of the impending transaction. BACKGROUND: In keeping with elements of the redevelopment plan to eliminate slum and blight within the established boundaries of the Southeast Overtown Park West Community Redevelopment Agency the CRA Board passed the following Resolutions: Resolution 00-56 — passed and adopted June 26tt', 2000 ❑ Approves the letter of intent between the CRA and the Camillus House ❑ Authorizing the CRA to enter into a contract to purchase the property known as the Camillus House at a purchase price equal to the appraised value not to exceed $2.4M ($1.OM from TIF and $1.4M from CDBG funding) ❑ Authorizing the CRA to perform due diligence investigations — cost not to exceed $20,000 o Survey o Appraisal o Environmental and other tests and studies deemed necessary by the Director of Strategic Planning Resolution 01-101— passed and adopted July 30th 2001 ❑ Authorizes the Executive Director to utilize $50,000 from the CRA General Funds rather than CDBG funds ❑ Contract for an appraisal in an amount to exceed $10,000 to determine the current value of Camillus House property ❑ Contract for an environmental study in an amount not to exceed ❑ Request the City Attorney to designate a special counsel to deal with issues related to the Camillus House IM FM Page 2 Cover Memo Camillus House a Camillus House to ratify the existing agreement so that it can be executed by the CRA Board within 120 days thereafter RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR WITH THE ASSISTANCE OF THE CITY ATTORNEY, SPECIAL COUNSEL FOR MATTERS RELATING TO THE CAMILLUS HOUSE, TO NEGOTIATE AND UPDATE THE EXISITING AGREEMENT WITH THE CAMILLUS HOUSE WHEREAS, the CRA is responsible for carrying out redevelopment activities and projects in the Southeast Overtown/Park West Community Redevelopment Area established pursuant to the CRA Redevelopment Plan; and WHEREAS, CRA SEOPW Resolution No.00-56 approved the letter of intent between the CRA and the Camillus House; authorized the CRA to enter into a contract to purchase the Camillus House at a price equal to the appraised value not to exceed $2.4 M and identifying the source of said funds and authorized the CRA to perform related due diligence; and WHEREAS, CRA SEOPW Resolution No. 01-101 requested the City Attorney to designate a special counsel to deal with issues related to the Camillus House, and the Camillus House to ratify the existing agreement so that the CRA Board can execute it within 120 days thereafter. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN PARKWEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA Board authorizes the Executive Director with the assistance of the City Attorney and Special Counsel for matters relating to the Camillus House to negotiate and update the existing agreement between the CRA and the Camillus House. Section 3. This resolution shall be effective upon its adoption. N PASSED AND ADOPTED this 15`h day of November, 2001. Walter J. Foeman City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney Arthur E. Teele, Jr., Chairman 2 NA June 7, 2000 Mr. Dale A. Simpson Executive Director Camillus House, Inc. 336 N. W. Fifth Street Miami, Florida 33128 IM Re: latter of Intent for Camillus House, Inc, property Dear Mr. Simpson: The purpose of this letter is to set forth the basis on which the Southeast OvertownlPark West Community Redevelopment Agency of the City of Miami (the "CRNis prepared to purchase that portion of the Camillus House, Inc. property owned by Seller and to take assignment from Seller of a ground lease (the "Ground Lease") for the balance of the property. This Letter of Intent is not intended to be binding upon the pasties but is intended to reflect a good faith intent of the parties to enter into a binding contractual agreement reflecting the terms and conditions set forth herein. The obligations of the parties are. -contingent upon the execution of the definitive agreement (the ".Contract"). 1, PROPERTY: A. Fee Property: The property consists of Lots 1, 2 and 3 of Block 43 which are currently owned by Charity Unlimited of Florida, Inc. B, Ground Lease property: Lots 19 and 20 of Bock 43 which are currently owned by Dorothea R. Ritter, Trustee and leased to Seller under the Ground Lease. szorwx_ I I 101 2. FURCHA iER: Southeast OvertowafPark West community Redevelopment Agency of the city of Miami, -Ms. Dale A. Siiup:An June 7, 2000 Pam 2 3. 0 Charity Unllnuted of Florida, Inc. SL ER: be based upon the- URCg-4SE PRICE: The Purchase Price shall le by Seller p o� ned in fee slurp current Ir1.� appraisal of (i) the Fee Property, 0 ared by an ii the leasehold interest under the �GrounuaDyweed upon by and and O aid for appraiser on the City of Miami approV e sisal shall be p The cost of the app erty exceeds between the Seller andenh thRt 'he apprai��ed �'a]ue of the �P transaction by the CR-A• In the roceed wZth the $2,400,000 the ORA shall note s li eted to p contemplated by this Letter of L The Deposit shall be -----� - --DEPOSIT'-$10,000.40 upon execution of the C,antrac�. Holland � 7�night L"i.�, subject to the terms and conditions. . held in eser by of the Contract- RIOD: Thirty (30) days from the execution of the INSPECTION PE and all information in Seller`s Contract. Seller to furnish to the DRA any a including without possession or control witb' �respe eStOsur�e}Prosi tests, environmental p dz of the limitation copies of all title policies, als title exceptions and site pia ith five (5) S " reports, apprais , execution of the Contract. I ' 30 da s from the execution of the.... TYTLE: 'I`he CR.'k shell have thirty ( ) Y a title insurance commitment, at the CRA's sole able fee Contract to obtainta expense reflecting Seller to be vested in good m bleeandin�urable leasehold and good market simple title e G oe�a iea p property pursuant to the Ground Lease. estate in the The CRA• shell have thirty (30) days from the execution the � and Contract to obtain $' Sa current survey of the Property certified to � accordance with the minimum technical sLandar� consh�te title Seller defects revealed by the survey sh the -State of Florida. Any defects• - days SIN j DATE: The Closing shall occur on or before forty-five (4� g. CLOU from the execution of the Contract. tY that 10. BR_ �,E R: The Contract shall contain a representation and there are no brokers, salesman or finders involved in the transaction.and 11. CLO SING EXPENSES: The Contract shall provide for adjustments prorations customary in Miami Dade County, Flonda. Ms. Dale A. Simpson June 7, 2000 Page 3 i 2, LEASE: At Closing, Seller and the CRAViRl enter into a triple nat lease . _ pursuant to ::hich the CRA t}- shall lease the Properto the Seller or a term of five (�) 3' ears to enable Seller to co»tinue to utilize the Property until Seller is able to relocate the Camillus House facilities to an alternative site. The lease will incorporate the following provisions: le Rev___ �ehase tion. In the event the Seller is unable to acquire an ttLdi alternate site acceptable to Seller on terms and Closing s acceP Seller mby to Seller within two (2) years from the date of elect, in its sole discretion, to repurchase theProperty - r the Same Sing, the price paid by the CR.A for the Property atClosing. CRA shall deliver title to Seller i.n the same condition as was delivered at the closing except for matters arising by, tbrough or under Seller. The repurchase option must be exercised during the two (2) year period with closing to occur thirty (30)Ay to repurchase the of the oper the exercise tion. In the event that Seller e le property the CRA shall pay -all transfer taxes and recording fees in connection with the rownveyance. During the two (2) year period of the repurchase option the CR.A covenants and agrees not to encwnber or transfer title to the Property. B. Term. The lease sha11 terminate upon the earlier to occur of (a) the date the Camillus House is fully relocated to an alternative location or (b) five (5) yea's from the date of Closing. C. -Rent. Seller shall be responsible for all payments under the Ground Lease during Lease term. D. Technical Assistance, The Purchaser agrees to provide Seller with technical assistance and funding for the preparation of anCe siu design documents, schematic - design documents facility to development documents with respect to the design the relocation, be developed for Camillus.House in conneck�on vntb of Camillus Which facility shall be designed to facilitate the ability House to continue its Miesion, as hereinafter defined. The CRA ball provide Seller with ��� grant of �50,000 for provide technical ass'�stan e purpose. Seller in addition, the CRA v connection with the desiga documents. E. _Grants. The CRA agrees to assist the Seller in obtaining federal, state and local grants for the new facilities to be. developed for the Camillus House and assist in raising donations from private sources. I1L. Dale A. Sunusou June 7, 2000 Page 4 The CR--',,, in concert with Seller, shall form a committee of community- iande.s tofacilitate the fund raising activities for the relocation. - 1S. Uses of Sales Proceeds.- Seller agrees to utilize 100% of the net proceeds derived from the sale of the Property and all interest accrued on said amount for the acquisition and construction of the new facility for Camillus House. 14. Mission. The Seller end the CRA acknowledge and agree that it is the stated Purpose of this letter of intent to facilitate the relocation of the Camillus Howe to an alternative location to enhance the ability of Seller to carry on its mission (the "Mission") as currently performed on the Property within a _ secured walled in environment. _. 1d, Confidentiality. The Seiler and the CRA shall utilize their good faith efforts to keep the terms and conditions of this I-Ptter of Intent strictly confidential It is specifically understood and agreed that the Mayor of the City of Nliani_ shall make the first public announcement of the terns of transaction contemplated by this Letter of Intent. if the foregoing termz and conditions are acceptable to you, we will have our counsel prepare the prop .sed Contract and the Lease within given (7) days from - the date hersof and presnt, the terms of this offer to the CR& Board for approval. Obligation of Seller and Purchaser are subject the approval of the terms of this -' offer by the CRA Board and the Mayor of the City of Miami and subject to the execution of the definitive Contract between the parties and this letter sbould not be deemed or construed as an offer to purchase the Property under the terms and conditions set forth herein unless a binding Contract is duly executed by the parties. This I,etter of Intent shall expire and be null and void if a binding Contract is not executed by the parties on or before June 3012000. Please execute and return a copy, of this letter confirming the terms Bet forth herein are acceptable to you on or befare 6:00 p.m..on June 9, 2000 and we Mill authorize our counsel to proceed. Very truly yours, Southeast Overtown/Park West Community Redevelopment Agency of the Pity of Miami By:� Arthur E. Teele, Jr. . his. Dale A. Simp,oI June 7, 2000 Page 5 C' ajV�sn - - - Rober�'lar - Directo: of Operations and Administration The foregoing is hereby approved and agreed to Camillus House, Inc. By: Charity I1nlimited of Florida, Inc. -- - - - By: bIIA2 �93b4a3 e7 S jU`j .4 1 Ms. Dale A. Simpson June 7, 2000 Page 5 Chairman By: Roberti,. Tyler Director of Operations and Administration The foregoing is hereby approved and agreed to. Camillus House, Inc. By. Charity Tiniimitea of Florida, Inc. By 1,Ukl #938483 *6 X7 SBOPW/dA- 10i emu AGREEMENT THIS AGREEMENT is made and entered into this day of June, 2000, by and between CHARITY UNLIMITED OF FLORIDA, INC., a Florida not -for - profit; corporation (the "Seller") and SOUTHEAST OVERTOWN/PARK NVEST OhB1UNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, a body- corporate and politic of the State of Florida ("Purchaser"). WITNESSETH: For and in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the adequacy and receipt of which are hereby acknowledged by the parties hereto, the parties agree, covenant and contract as follows: ARTICLE I PROPERTY 1.1 The property to be sold, conveyed, assigned or otherwise transferred by Seller to Purchaser at closing (hereinafter collectively called the "Property") consists of the following: 1.1.1 all of that certain real property located in Miami -Dade County, Florida, as more particularly described on Exhibit "A" attached hereto and r made a part hereof and all appurtenances belonging thereto, including any and all riparian rightp, accretions, rights, privileges and easements in any way pertaining thereto, all right, title and interest of Seller in and to any adjoining sidewalk and in and to any adjoining streets or alleyways (collectively the "Land"). 1.1.2 The buildings and improvements located on the Land (the "Improvements"). 1.1.3 All Seller's right, title and interest in and to that certain Indenture (the "Ground Lease") between Susan C. Curry, as lessor and Shepson, Inc., as lessee, dated May 1, 1945, creating a leasehold estate (the "Leasehold Estate") with respect to Parcel 2 described on Exhibit "A." o ARTICLE II DEPOSIT 2.1 Simultaneously with the execution of this Agreement, Purchaser shall _. deliver to Holland & Knight, LLP as escrow agent (the "Escrow Agent"), the sum of Ten Thousand Dollars ($10,000.00) (the "Deposit"). Upon receipt of Purchaser's tax identification number, Escrow Agent shall invest the Deposit in an interest -bearing account, certificate of deposit or repurchase agreement maintained with or issued by a commercial bank or savings and loan association doing business in Nliami-Dade County, Florida. All interest accrued or earned thereon shall be paid or credited to Purchaser except in the event of default of Purchaser, in which event the interest shall be disbursed to Seller, together with the Deposit as liquidated cidmages. - ARTICLE III PURCHASE PRICE 3.1 The purchase price ("Purchase Price") for the Property shall be an amount equal to the appraised value (the "Appraised Value") of fee simple title to Parcel 1 and the Leasehold Estate in Parcel 2, as determined by John Blazejack & Associates, a MAI appraisal (the "Appraisal") to be performed by John Blazejack & Associates, an appraiser on the City of Miami approved list, subject to adjustment and prorations as hereinafter provided. The Purchase Price shall be paid to Seller as follows: $ 10,000.00 being the Deposit, which sum shall be paid to Seller at Closing. $ Appraised Value, Less the Deposit approximately, in _cash, subject to prorations and _ adjustments, as hereinafter provided, to be paid by cashier's check or by wire transfer of federal funds on the Clos' g Date, as hereinafter defined. 3.2 In the event that the Appraised Value of the Property exceeds $2,400,000.00, Purchaser, in its sole election, may terminate this Agreement within ten (10) days of receipt of the Appraisal and the Deposit shall be returned to Purchaser and the parties released from any further obligations under this Agreement except for those obligations under Sections 5.1 and 5.2. ARTICLE IV TITLE 4.1 Purchaser shall have thirty (30) days following the Effective Date to obtain a title commitment (the "Title Commitment") from Chicago Title Insurance, Lawyers Title Insurance Company or Commonwealth Land Title Insurance Company (the "Title Company"). The Title Commitment will show Seller to be vested in good, marketable and insurable fee simple title to Parcel 1 and good, marketable and insurable title to the Leasehold Estate, free and clear of all liens and encumbrances, except for the following: SEOPW/CRA �- Y (i) Ad valorem real estate taxes for 2000 and subsequent years. All applicable zoning ordinances and regulations. (iii) 1%latters set forth on Exhibit "B" attached hereto and made a part hereof. (Items i, ii and iii are hereafter collectively referred to as the "Permitted Exceptions"). 4.2 Purchaser shall have thirty (30) days from the receipt of the Title Commitment to review same and specifically* object other any particular lthe condition of title or exception revealed by the Title Commitment, Permitted Exceptions. If Purchaser fails to specifically object in writing to any particular condition of title or exception set forth in the Title Commitment within said thirty (30) day period, then same shall be deemed waived and such condition of title or exception shall be deemed to constitute defects raisedPermitted byby Purchaser on or er shall utilize its best efforts to eliminate or cure any title or bonding, or otherwise before the Closing Date. Seller shall remove by payment any judgment, mechanic's lien or lis pendens against the Property capable of removal by the payment of money or bonding. Seller shall not be obligated to institute any lawsuit to cure any title objection(s). In the event Seller is unable to modify such unacceptable exceptions or to cure such title deficiencies prior to the canc 1 this Closing Date, then Purchaser shall elect on the Closing Date to either Agreement, in which event Escrow Agent shall return the Deposit, together with all interest accrued thereon to Purchaser, and Purchaser and Seller shall be released from any further obligations under this Agreement except those obligations arising under Sect -ions 5.1 and 5.2 of ibhis Agreement, or Purchaser may waive the objection to the condition of title and close hereunder without reduction of the Purchase Price. 4.3 Within the time specified in Section 4.2 for the review of the Title Commitment, Purchaser may cause an accurate survey of the Land to be made, at Purchaser's sole cost and expense, by a surveyor licensed in the State of Florida. If the survey shows any encroachments, gaps, gores, easements, rights -of -way or any other type of encumbrance or impediment not authorized by this Agreement other than the Permitted Exceptions, Purchaser shall give written notice of such defect to Seller, together with a copy of the survey, on or before the last day for raising objections to title under Section 4.2 in which event said defect shall be governed in the same manner and timeframe as objections to title are dealt with in Section 4.2 0 and the parties shall have the same rights, privileges and obligations as if the defect was an objection to title as specified in Section 4.2 of this Agreement. The survey I shall be certified to the Purchaser, Seller and the Title Company. The survey must further be certified to comply with the Minimum Technical Standards for Land Q Surveying in Florida set forth by the Florida Board of Land Surveyors pursuant t Florida Statutes Section 472.027. The survey shall certify the square footage o ousands of an acre. The Purchase Price Parcel 1 and Parcel 2 to the nearest thshale be adjusted based upon the square footage of Parcel 1 as reflected in the survey an, the Appraised Value per square foot of Parcel 1 as reflected in the Appraisal. Thy. Purchase Price for the Leasehold Estate shall be adjusted based upon the square footage of Parcel 2 as reflected in the survey and the Appraised Value of Parcel 2 as reflected it +he Appraisal. ARTICLE V STATUS OF PROPERTY 5.1 Seller grants to Purchaser and its agents, as well as contractors employed by or hired by Purchaser, during the Investigation Period, as hereinafter defined, the right to enter the Property during normal business hours to do and perform such reasonable acts and things as Purchaser deems necessary or appropriate, to make soil tests, borings, engineering studies, environmental tests, surveys and like tests and studies of the Property. In making any inspection of the Property, Purchaser will and will cause any representative of Purchaser to use discretion so as not to disturb tenants under their Leases. Purchaser will not contact tenants under the Leases, unless prior written approval is obtained from Sellers which approval will not be unreasonably withheld. Purchaser agrees to repair or restore promptly any damage to the Property caused by Purchaser, its agents and contractors and restore same to its original condition. Purchaser agrees to pay for all such work, labor and services that shall be performed and to obtain waivers of lien or paid bills therefore and shall indemnify and hold Seller harmless from any claims of any such persons. 5.2. Purchaser agrees to indemnify and hold Seller harmless from any and all loss, claim, demand, action' and liability which may arise against Seller or the Property by virtue of any actions by Purchaser or its agents and contractors in connection with conducting inspections of the Property. This indemnification and hold harmless shall include reasonable attorneys' fees and court costs through all trial and appellate levels which the Seller may incur in defending itself or the Property against any such claims, losses, actions, demands and liabilities and in enforcing the terms of this indemnification and hold harmless provision. This indemnification and hold harmless provision shall survive the closing or termination of this Agreement, shall be continuing and irrevocable and shall continue in force and effect until any and all such claims, losses, actions, demands and liabilities against the Seller or the Property have been satisfied in full. 5.3 Purchaser shall have thirty (30) days from the Effective Date of this Agreement (the "Investigation Period") to do such investigations and tests of the Property as authorized in Section 5.1 of this Agreement and to investigate all other matters pertaining to the Property including without limitation land use restrictions, zoning, site plan requirements, development rights, utility availability, water and sewer availability, the environmental condition of the Property and any other matters with respect to the Property to determine whether the Property is acceptable to Purchaser, in Purchaser's sole discretion. In the event that Purchaser is not satisfied with the condition of the Property or any other matters with respect A. 1 EELE : # 2 Annette Lewis"" Page 1 of 3 'ter Lewis, Annette l� From: David Cardwell [dcardwell@ctl.rr.cornl Sent: Thursday, November 05, 2001 4:40 FM To: Teele, Arthur Cc: Lewis, Annette Subject: Legal Opinion Here is the legal opinion you requested. I am also !axing it and mailing it to you. David Cardwell November 8, 2001 Arthur Teele Chair Miami Community Redevelopment Agency 300 Biscayne Boulevard Way Suite 430 Miami, FL 33131 Re: Legal Opinion; Camillus I•Iouse Dear Chair Teele: This is in response to your request for a legal opinion addressing the question whether the Miami Community Redevelopment Agency (the "CRA") may expend funds from the CRA's community redevelopment trust fund to acquire land outside of the community redevelopment area for the CRA for purpose of relocating blighting influences from within the area. Based on the discussion set forth below, it is my opinion that the CRA may use funds in the redevelopment trust fund to acquire property outside of the redevelopment area for purposes of relocation of blighting influences within the area if the community redevelopment plan for the area addresses the use of such funds for the purpose of acquiring property. This conclusion assumes the City of Miami and the CRA have been delegated by Miami - Dade County the power to make such an acquisition and expend tax increment funds in this matter. Facts The Southeast Overtown Park 'West redevelopment area CSFOPW Area") is one community redevelopment area within the area of operation for the CRA to carry out redevelopment within the City of Miami. The plan for the SEOPW Area was approved by the City Commission of the City of Miami, Florida, by its adoption of Resolution No. 82-755 and Resolution No. 85-1247. The CRA desires to use funds from the community redevelopment trust firnd to fund the relocation of Camillus House from within the CRA's area of operation to outside the community 11 /8/2001 i nrvl l 6- i 6:464M .. Annette «" 3724646 Lewis COMM. A. TEELE : # 3 redevelopment area, page 2 of 3 The CRA has x significant blighting influence on determined that the C the r-Vea will "Llire' the removal of area and that the theredevelop lHouse t a Camillus House from the Area. rn of "'he City OF' "County"), and therefore mustMiaml s located within a charter • County[". have a delegation of redevelopment Powers (the ty . The County has given such a delegation of owers then created the CRA I'O ers from the delegation of redevelopment to those P to the City, which has pment powers b Powers For purposes of this opinion, the are assumed to have been com y the COunty t° the Cit does, for purposes of such charter and legally accomplished any and d en to the CRA redevelopment plan for the Areaer cowity delegation, have the that the CRA Power to carry- out the Analysis A community redevelopment agency such as the CR,q nl within the community redevelo blighted conditions pmeitt area for the May acquire property communi and furthering the goals andobjectivesof eindicating slutn or from within adcn loPment plan.l'1 An agency ma of the agency's implement An redevelo y also relocate persons or business P " the redevelopment 1 redevelopment area to outside the spread o f bplight pan and eradicate blight conditions if necessary to ar relocation reads as follows: t ] the applicable statutory°r Prevent the provision addressing (k) To prepare plans for and assist in the relocation o Persons (including individuals f concerns, nonprofit organizationst families, business dis Iaced from a coin , and others) and to make relocate redevelo ment area ion respect to such payments to or with losses of persons for moving expenses and Property for Which reimhur5ement or compensation is not otherwise made.. (e s ) ""he person is being "displaced from [the] comrnunit r relocation payment; obviouslyY edevel° „ incurred outside of the con;mare being made for the acquisition of nro tea then the unity redevelopment area• p p ny or costs A community rcdcr�clo deposited in the coin _(11 ni Pment agency has Redevelopment Act, tY redevelopment trust fund available to it P as provided b that are ty refinance Such funds ma be y the Comrnuni any community redevelopment Y used by the agency to finance or rede-velopnnentplan_"1S1 it undertakes Commwii r pursuant to the community ty edevelOPI"Ont" is defined as follows., "Community redeveloPment" activitics, or Praiects ... means undertakings, redevelo of a . . . co Pment agency in anmittnit co community area for the elimination and prevention y redevelopment development or spread of slums and blight, Or 1�r and the 111812001 i OF MtAhi1 Annette Lewis y 11 9- 1507-14.g46 , reduction or prevention of crime of affordable housing,, or for the provision residents of low whether for rent or forsale, to elderly, and °r moderate income, including "development May. include slung the Pment in a community clearance and rebabilitatio.Z and revitalizati n of coastal redevelopmen resort or tourist areas that are deterioratingrt and distressed, or rehabilitation and economically community redevelo °r conservation in a Part thereof, in pment area, or any in or redevelo accordance with Pment plan and may include they community such a plan, j61 Preparation of COh1M. A. TEELE: # 4 The relocation o f persons or area to ot,tc;de businesses fro the area to eradicate blight or stop the co "community redevelopment,, mmuuity redevelopment redevelopmentPment P the spread of blight cons trust fund providedandcan the be paidncy,s with funds in Provides for such actions either generally or sp cifi community redevelopment the community ommute , tally. ) Y elopment ply Please contact me at additional information concertun ur convenience it You 'have g the opinion set forth herein, ally questions or need Very truly yours, THE CARDWELL LAW FIRM I MrM Cardw'eIl F. , DECIdc cc. Annelle E. Lewis David E. U Section 163.410, Florida Statutes, 1�1 Section 16s.370 1 ( )(b), Ib'lorida Statutes L1 Section 163J70(1)(k) Florida Statutes tat Section 163.387, Florida StaRItes Section 163.387(1), Florida Statutes tsl Section 163.340 9 , L�l See A () Florida Statutes redevelop�p ,vea(titd m e di1981), m �rowhich concluded a ci the area. refl tY could acquire houses outside of the corrtrnunity Page 3 of 3 11 /S/Z001