HomeMy WebLinkAboutR-03-0871J-03-390
07/24/03
RESOLUTION NO. 03— 871
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT (S) , BY A FOUR-FIFTHS (4/5 THS)
AFFIRMATIVE VOTE, APPROVING THE ACQUISITION
OF THE PROPERTIES LISTED ON "ATTACHMENT 1,"
ATTACHED AND INCORPORATED, ON BEHALF OF THE
MODEL CITY COMMUNITY REVITALIZATION DISTRICT
TRUST, SUBJECT TO COMPLIANCE WITH ALL
FEDERAL, STATE AND LOCAL REGULATIONS; AND
ALLOCATING FUNDS DESIGNATED FOR THE MODEL
CITY TRUST IN THE BUDGET FOR FISCAL YEAR
2003, SUBJECT TO THE AVAILABILITY OF FUNDS.
WHEREAS, the Model City Community Revitalization District
Trust ("Trust") a limited agency and instrumentality of the City
of Miami ("City"), wishes to purchase certain property as listed
on "Attachment 1," attached and incorporated; and
WHEREAS, it is in the best interest of the City and the
Trust that the purchase price of each individual property to be
acquired by the Trust be approved by the Trust's Board of
Directors; and
i f
A T T 6"4
d^ C 7 7
� w" �a�4
c
CITY COIdTSSION
MEETING OF
J U t. 2 4 2003
Resolution No.
1)3 - 871
1�
WHEREAS, it is in the best interest of the City that the
City Commission approve the purchase price of each individual
property; and
WHEREAS, the Trust has approved contracts with the property
owners for purchase prices that exceed 15% above the average of
the two appraisals; and
WHEREAS, State of Florida law authorizes the governing body
of a municipality to purchase a property for an amount in excess
of appraisal by a four-fifths (4/5ths) affirmative vote;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. By a four-fifths (4/5ths) affirmative vote,
the acquisition of the properties listed at the price listed and
highlighted on "Attachment 1,"
attached
and incorporated,
on
behalf of the
Trust is approved,
subject
to compliance with
all
federal, state and local regulations, with funds designated for
Page 2 of 3
03- 871
the Model City Trust allocated in the budget for Fiscal Year
2003, subject to the availability of funds.
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.11
PASSED AND ADOPTED this 24th day of July , 2003.
ATTE
RISCILLA A. THO P ON
CITY CLERK
APPROVED Aa..&O FORM AND CORRECTNESS
CITY/PATTORNEY
188:tr:AS:BSS
�i If the Mayor does not sign this Resolution, it shall become
effective at the end of ten calendar days from the date it was
passed and adopted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the
City Commission.
Page 3 of 3 03- 871
Attacrrrfient I --
Land Acquisition Resolution
_--•- ^
t70
Sur Z•t
LVV.5
Diff. Be -w. 15%
Prop. No
propel
2002
Assessment
Average o
15% Above
above average
(1QiZ)
Beller Name
Address
Phone No.
Value
Appr.#1
Appr.#2
two
Appraisals
Purchase
Price*
the
Average
and Purchase
Price
71
6020 Apartments, Inc., c/o
1301 NW
(305)285-
5,996
5,100
6,700
5,900
7,630
6,785
845
Notes
Note 1
Malcolm Wiseheart,
60 St
1222
President'
Vacant lot
72
6020 Apartments, Inc., c/o
1315 NW
(305) 285-
5,906
51000
6,600
5,800
7,530
6,670
860
Note 1
Malcolm Wiseheart,
60 St
1222
President
Vacant lot
5858 NW
(305) 333-
Note 3
226
Darryne Thomas
13 Avenue
1766
58,136
83,000
100,000
91,500
115,000
105,225
9,775
227
Darryne Thomas
5852 NW
(305) 333-
58,136
83,000
100,000
91,500
1!5,000
105,225
9,775Note
3
13 Avenue
1766
237
Malcolm Wiseheart, Jr.
1387 NW
(305) 285-
5,867
7,200
9,400
8,300
)0,2
9,545
690
Note 1
Trustee
58 Terr.
9471
Vacant lot
370
John Henry Thompson &
5801 NW
(954) 316-
5,867
7,200
10,000
8,600
11,185
9,890
1,295
Note 1
Estate of William
13 Ave
8058
Thompson
Vacant lot
458
Alexander & Sonia Flowers
1420 NW
(305) 6215-
34,166
65,000
67,500
66,250
76,943
76,187
0
Note 1
11
57 St.
1062
Single Fam
Vacant
617
Randolph and Mary
1645 NW
24,035
17,500
22,500
20,000
24,035
23,000
1,035
Note 2;
Thomson 'f
55 St
Vacant lot
MCT 03-
�
014
750
Mack Barkley, Jr.
1625 NW
(305) 624-
8,052
10,300
12,000
11,150
13,135
12,823
313
54 St
2865
Note 1
Parking lot
for motel -
JL II
i
see 749
v
TOTAL
89,889
283,300
334,700
309,0001
367,5581
355,3501
14,513
t70
S7
Partnerships for a
NEWMIAMI
To: Honorable Mayor and Members of the City Commission
From: Marva L. Wiley, Acting President/ CEO, Model City Trust wft�
Subject: Acquisition and Purchase Price Approval
Date: July 18, 2003
RECOMMENDATION:
It is respectfully recommended that the City Commission approve by four-fifths
vote the nine (9) properties at the prices listed and highlighted (see attachment)
as the purchase price exceeds the average of two appraisals plus fifteen percent.
BACKGROUND:
The City Commission executed a policy that requires that each property for
acquisition in the Model Cify Homeownership Zone project area receive two (2)
appraisals on a property to establish the fair market value of the property.
Consistent with the Board's adoption of the City Commissions policy for land
acquisition in Community Revitalization Districts (Resolution No. 02-678) that
was subsequently adopted at the Board's meeting of July 16, 2002, staff
negotiated up to 15% above the average of the two appraisals.
The appraisers were selected from the City's qualified appraisers list established
as a result of a formal solicitation process. To ensure expedited processing of
appraisal requests and more favorable pricing for the project, given the
anticipated economies of scale, interested firms from that list were invited to
respond to a closed bid process for a rate schedule to perform appraisals
exclusively for the Model City Homeownership Pilot Project acquisitions.
You should also note that Evans Environmental & Geosciences (EE&G)
completed several environmental site assessments over the affected area. All
properties slated for approval here have received an environmental clearance
from EE&G through either the Areawide Phase I or the subsequent Phase II
where appropriate.
Six (6) of the nine (9) properties on List 1 were under contract with the City for
more than a year. Although these property owners had closing dates, the
closings could not occur because the U.S. Department of Housing and Urban
Development (HUD) had not yet given environmental clearance for the project.
l 03- 871
Upon receipt of the clearance from HUD, staff prepared new offer letters for the
negotiated purchase price.
With the delays in closing, the log which had been maintained to track offers and
purchase prices was updated to reflect the closing costs on these six properties
(Note 1).
• MHZ 71 M 1 1 W' h 4-110
MHZ 72
• MHZ 237
• MHZ 370
• MHZ 458
• MHZ 750
a co m ise Bart
Malcolm Wiseheart
Malcolm Wiseheart
William Thompson
Alex and Sonia Flowers
Mack Barkley, Jr.
1301 NW 60 Street
1315 NW 6011, Street
1387 NW 58th Terrace
5801 NW 13th Avenue
1420 NW 57th Street
1625 NW 54th Street
As you know, that delay in closing occurred during a significant organizational
change that transitioned responsibilities for the Homeownership Zone from the
Department of Community Development to the Model City Community
Revitalization District Trust. Thus, the Trust's staff, charged with securing new
contracts for acquisition, inadvertently included closing costs that were rolled
into the tracking log's price fields to produce the new offer letters and the
subsequent contracts.
At its meeting of January 13, 2003, the Board of Directors approved a policy that
would allow an offer of the current tax assessment to be made where the
property's assessed value exceeds the appraised values. The following property
meets that condition (Note 2):
• MHZ 617 Randolph Thomson 1645 NW 5511, Street
At its meeting of April 14, 2003, the Board of Directors of the Model City Trust
approved the acquisition of vacant land on the attached list. Please find attached
the resolutions approved by the Board of Directors.
Two properties on the attached list reflect properties appraised in 2001 for
acquisition. Prior contracts secured by the City expired such that Trust staff set
about securing new contracts with the old offers. (Note 3).
• MHZ 226 Darryne Thomas 5858 NW 13 Avenue
• MHZ 227 Darryne Thomas 5852 NW 13 Avenue
Given the significant increase in property values in the area, the Trust believes
that the inflated cost (with the FY 2002 closing costs) would be significantly less
than the cost would be if additional appraisals were secured. State law
authorizes the City Commission as the governing body to acquire property in
excess of the property's appraised value by a four-fifths vote of the Commission.
2 03- 871