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OMNI CRA Resolution: CRA-R-19-0001
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OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
Final Action Date: 2/19/2019
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A
PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND MIA
TOWNERS, LLC FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT
1428 NW 1ST AVENUE, MIAMI, FLORIDA 33136 CONTAINING AN
APPROXIMATE TOTAL LOT AREA OF 7860 SQUARE FEET ("PROPERTY")
FOR A TOTAL PURCHASE PRICE NOT TO EXCEED THREE HUNDRED
NINETY THREE THOUSAND DOLLARS ($393,000.00) CONTINGENT UPON
THE CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA
APPRAISER STATING THAT THE APPRAISED VALUE OF THE PROPERTY IS
AT A MINIMUM THE REFERENCED AMOUNT HEREIN; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS
AND MODIFICATIONS TO SAID AGREEMENT, IN A FORM ACCEPTABLE TO
THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE
SAID ACQUISITION; ALLOCATING FUNDS FROM ACCOUNT NO.
10040.920501.661000 IN A TOTAL AMOUNT NOT TO EXCEED FOUR
HUNDRED FIFTY THOUSAND DOLLARS ($450,000.00) INCLUSIVE OF SAID
ACQUISITION, THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE
INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH SAID
ACQUISITION, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS
OF THE AGREEMENT; AUTHORIZING GENERAL COUNSEL TO ENGAGE
OUTSIDE COUNSEL FOR THE PURPOSES OF THE CLOSING.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") wishes to acquire the real property located at 1428 NW 1st Avenue, Miami, Florida
33136 containing an approximate total lot area of 7,860 square feet ("Property"); and
WHEREAS, the CRA plans to develop the Property for affordable housing to enhance
the quality of life in the surrounding area and address slum and blight as detailed in the CRA's
Redevelopment Plan; and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not
exceed Four Hundred Fifty Thousand Dollars ($450,000.00) which includes the cost of
acquisition, the cost of a survey, environmental report, title insurance, and related closing costs
associated with said acquisition; and
WHEREAS, funds are to be allocated from Account No. 10040.920501.661000;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
City of Miami Page 1 of 2 File ID: 5248 (Revision:) Printed On: 212712019
File ID: 5248
Enactment Number: CRA-R-19-0001
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY:
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 Executive Director is authorized to execute a Purchase and Sale
Agreement ("Agreement"), in a form acceptable to the General Counsel, between the CRA and
the Seller for the acquisition of the Property for a total purchase price not to exceed Three
Hundred Ninety Three Thousand Dollars ($393,000.00) contingent upon the CRA obtaining a
written appraisal from a licensed Florida appraiser stating that the appraised value of the
Property is at a minimum the referenced amount herein.
Section 3. The Executive Director is further authorized to negotiate and execute any
and all necessary documents, including any amendments and modifications to said Agreement,
in a form acceptable to the General Counsel, as may be necessary to effectuate said
acquisition, with funds allocated from 10040.920501.661000, in a total amount not to exceed
Four Hundred Fifty Thousand Dollars ($450,000.00), to cover the cost of said acquisition,
inclusive of the cost of a survey, environmental report, title insurance, and related closing costs
associated with said acquisition.
Section 4. The General Counsel is authorized to engage outside counsel to assist with
the closing of said transaction.
Section 5. This Resolution shall become effective immediately upon its adoption
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby L. Min, Deputy City Attorney 12/5/2018
City of Miami Page 2 of 2 File ID: 5248 (Revision:) Printed on: 212712019