The URL can be used to link to this page

Home My WebLink AboutR-03-1049J-03-831 09/24/03 eJ 3 —1049 10 4 9 RESOLUTION NO. A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT (S) , BY A FOUR-FIFTHS (4/5ths) AFFIRMATIVE VOTE, APPROVING THE ACQUISITION OF THE PROPERTIES LISTED ON THE DOCUMENT ENTITLED "MODEL CITY ACQUISITION APPROVAL AUGUST 14, 2003," ATTACHED AND INCORPORATED, AT THE PRICES LISTED 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 BUDGETARY APPROVAL. WHEREAS, the Model City Community Revitalization District Trust ("Trust") was established, pursuant to Ordinance No. 12082, as a limited agency and instrumentality of the City of Miami ("City"); 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 Board of Directors of the Trust; and C Ll CITY COMMISSION MEETING OF Resolution No. ,,3-1049 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 four-fifths (4/5th,) 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 on the document entitled "Model City Trust Acquisition Approval August 14, 2003," attached and incorporated, at the prices listed on behalf of the Trust is approved, subject to compliance with all federal, state and local regulations, with funds allocated in Page 2 of 3 sj 3 --10 49 the budget for Fiscal Year 2003, designated for the Trust, subject to budgetary approval. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.1/ PASSED AND ADOPTED this 25th day of September , 2003. ATTEST: 9,44- ,-.e , &_-, t�- 1�? P ISCILLA A. THOMPSON CITY CLERK APPROVED PFORM ATD CORRECTNESS: LLO C I TY/ATTORNEY W7542:tr:AS:BSS 64 a-6VN A. DIAZ, MAYOR �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 0)3-109 Model City Trust Acquistion Approval August 14, 2003 9/18/2003 11:33 AM 1 of 1 1281 NW 61 Mr. Zimbermann St- 33u- 49 of 1281 Corp. occupied 305 235-6562 394,181 400,000 450,000 425,000 450,000 488,750 (38,750) 1202 NW 61 Street - Occupied 58 Kimberlv Tenner 305 892-6998 127,229 130,000 125,000 127,500 140,250 146,625 (6,375) Avenue - Occupied 59 Pablo Miranda Multi -Family 954 296-8652 264,225 400,000 365,000 382,500 439,875 439,875 0 Malcolm 6020 NW 13 Wisehart of 6020 Avenue -24u- 70 Apartments, Inc occupied (305) 285-1222 65,186 240,000 260,000 250,000 287,500 287,500 0 1335 NW 60 Street - 74 Harry Hall ocu ied 941 281-8342 97,354 94,000 110,000 102,000 125,000 117,300 7,700 1341 NW 60 Street - 75 Harry Hall occupied (941) 281-8342 88,601 94,000 110,000 102,000 125,000 117,300 7,700 Bobvonne Hunter - By 1520 NW 61 106 Properties, Inc. Street (305) 932-4115 283,695 370,000 385,000 377,500 434,125 434,125 0 1420 NW 57 Alexander & St. Single 458 Sonia Flowers Fam - Vacant (305) 628-1002 34,166 65,000 67,500 66,250 76,943 76,187 756 Ulises Antonio Terrace- - 821/822 and Alba Duarte Vacant Lots (786) 262-8838 5,208 27,000 28,000 27,500 28,000 31,625 (3,625) Coley Williams, Street - 34 Jr. & W. Inell 1 occupied -T- (305) 635-0394 39,779 85,000 92,500 88,750 115,3751 102,063 13,313 TOTAL I 430,8281 1,905,0001 1,993,0001 1,949,0001 2,222,068 2,241,350 19,281 9/18/2003 11:33 AM 1 of 1 23 i Partnerships for a NEWMIANI To: Honorable Mayor and Members of the City Commission From: Marva L. Wiley, Acting President/ CEO, Model City Trust Subject: Acquisition and Purchase Price Approval Date: August 29, 2003 RECOMMENDATION: It is respectfully recommended that the City Commission approve by four-fifths vote the purchase of the ten (10) properties attached at the prices listed subject to available funding. BACKGROUND: The Board of Directors of the Model City Community Revitalization District Trust ("Model City Trust") approved the attached properties for acquisition at the meeting of August 14, 2003. Each of the properties is located in the Phase I development area which is so designated in the FY 2003 Annual Plan for the Model City Trust. You will note that four of the properties submitted for approval exceed the 15% above the average cap authorized by the City Commission and the Board of Directors. Three of these properties are located in the Phase I development area and are contiguous to other parcels already owned by the City of Miami. Please The fourth item that exceeds 15% above the average is presented to clarify a prior approval of the City Commission at the meeting of July 24, 2003. Although the Commission considered the item as requiring a supermajority vote because it exceeded 15% above the average, the spreadsheet attached to the resolution did not properly reflect the difference between the purchase price and 15% above the average. As a matter of historical reference, you will recall that he City Commission executed a policy that requires that each property for acquisition in the Model City 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 Commission's 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. U 1049 The appraisers were selected from the City's list of qualified appraisers, which was established as a result of a formal solicitation process. To ensure expedite. -i 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 Area wide Phase I or the subsequent Phase II, where appropriate.