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Omni Master Report
CRA
Enactment Number: CRA-R-17-0035
File Number: 2500
Revision: B
File Type: OMNI CRA
Resolution
File Name: Resolution Authorizing the Purchase of Property
Located at 1990 North Miami Avenue
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
htto://miamicra.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 6/14/2017
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 6/21/2017
Title: 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 REYNALDO PADRON & W. MARTA PADRON
("SELLERS") FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1990 N.
MIAMI AVENUE, MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN APPROXIMATE
TOTAL LOT AREA OF 15,017 SQUARE FEET, AS LEGALLY DESCRIBED IN THE
AGREEMENT, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED FOUR MILLION
FIVE HUNDRED THOUSAND DOLLARS ($4,500,000.00), 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, PURSUANT TO SECTION 163.370, FLORIDA
STATUTES, AND THE CRA REDEVELOPMENT PLAN; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID
AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, AS MAY BE
NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM
THE PROCEEDS OF THE CRA SERIES 2017 LOAN FOR A TOTAL AMOUNT NOT TO
EXCEED FOUR MILLION SIX HUNDRED SIXTY FIVE THOUSAND DOLLARS
($4,665,000.00), TO PROVIDE FOR THE COST OF SAID ACQUISITION, INCLUSIVE
OF THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND
RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN
ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
Notes:
Links:
Attachments:
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria M6ndez 6/15/2017 Approved Form and Completed
Correctness
OMNI Community 6/21/2017 Meeting Completed
City of Miami Page 1 of 2 Printed on: 911412022
OMNI
OMNI CRA
Community Redevelopment Agency 1401 N. Miami Avenue
Omni Miami, FL 33136
Master Report http://miamicra.com
C R A
Enactment Number: CRA-R-17-0035
Redevelopment Agency
OMNI Community 6/21/2017 ADOPTED WITH Passed
Redevelopment Agency MODIFICATION(S)
B Barnaby L. Min 7/14/2017 Approved Form and Completed
Correctness with Modification(s)
City of Miami Page 2 of 2 Printed on: 911412022