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HomeMy WebLinkAboutR-99-0896J-99-977 11/15/99 RESOLUTION NO. 0 0- 896 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY ATTORNEY TO NEGOTIATE AND EXECUTE A SETTLEMENT AGREEMENT IN THE CASE OF WILLIAM B. BRICKELL, JAMES B. BRICKELL, JR., BEATRICE A. BRICKELL, MARY SNYDER, AND ARCHIE K. PURDY V. CITY OF MIAMI, CASE NO. 88-0230, IN SUBSTANTIALLY THE TERMS STATED IN EXHIBIT "A" ATTACHED HERETO AND INCORPORATED HEREIN; FURTHER AUTHORIZING THE CITY ATTORNEY AND DIRECTING THE CITY MANAGER TO COMMENCE DISCUSSIONS WITH MIAMI-DADE COUNTY REGARDING THE MIAMI CIRCLE IN RELATION TO THE POTENTIAL SALE OF THE BRICKELL PARK PROPERTY; FURTHER PROVIDING FOR THE ALLOCATION OF THE SUM OF $2,000,000 FROM THE CITY'S PROCEEDS FROM THE SALE OF THE BRICKELL PARK TOWARD THE PRESERVATION OF THE MIAMI CIRCLE BY FUTURE RESOLUTION. WHEREAS, in 1924, the Brickell family ("Brickells") donated 2.5 acres of land on Biscayne Bay (the "Property") to the City -of Miami for use as a park pursuant to a deed containing a reverter clause .requiring perpetual use of the property as a park; and WHEREAS, in 1987, the City invited bids for the sale of the Property resulting in the Brickells filing of a lawsuit against the City to enforce the reversionary interest provided in the deed; and WHEREAS, in 1989, the lawsuit was settled pursuant to an agreement that (i) vested title to the Property in the Brickells, (ii) required a swap of the Property and the property now known CC'IN lilu E9 CITY COMaloslo" MEETING OF resolution No. as the Miami Circle, and (iii) required the Brickells to reconvey the title to the Property to the City, with the same reversions as in 1924, if the land swap did not go through; and WHEREAS, the land swap did not go through and the Brickells failed to reconvey, title to the Property to the City; and WHEREAS, in 1994, the City requested the Court to enforce the terms of the 1980 settlement agreement by requiring the Brickells to reconvey the Property to the City; and WHEREAS, the Court has not yet ruled on the City's Motion to Enforce the 1989 Settlement Agreement; and WHEREAS, the Brickells and the City have agreed to settle the lawsuit by authorizing the Brickells to sell the Property and distribute the proceeds of the sale between the City and the Brickells, as more specifically described in Exhibit "A" attached hereto; and WHEREAS, the City Commission has considered the matter in light of the high probability that the property that was originally intended to be swapped with the Brickell Park, and now known as the Miami Circle, may be turned into a park; and WHEREAS, under the terms of the proposed settlement the City will receive one-half (50%) of the proceeds from the sale of the Property, from which the City can make a substantial contribution toward the preservation of the Miami Circle, thereby.effectuating the intention of the Brickell family that the donated property be used as a park; and WHEREAS, in connection with the proposed sale of the Property, the City Commission deems it in the best interest of - 2 - V9 _ C)96 the City of Miami that the Property be offered for purchase to the current owners of the Miami Circle, or otherwise joining Miami -Dade County in the efforts to preserve the Miami Circle; 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 hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Attorney is hereby authorized to negotiate and execute a settlement agreement in the case of William B. Brickell, James B. Brickell, Jr., Beatrice A. Brickell, Mary Snyder, And Archie K. Purdy v. City of Miami, Case No. 88-0230, in substantially the terms stated in Exhibit "A" attached hereto and incorporated herein. Section 3. The City Attorney is hereby authorized and the City Manager is hereby directed to commence discussions with Miami -Dade County regarding the Miami Circle in relation to the potential sale of the Brickell Park property. Section 4. The allocation of the sum of $2,000,000 from the City's proceeds from the sale of the Brickell Park toward the preservation of the Miami Circle is to be provided by future resolution. Section 5. This Resolution shall become effective . . � ♦ X Sig ^}✓C..: immediately upon its adoption and signature of the Mayor!'. PASSED AND ADOPTED this 16th day of. _ November , 1999. JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate ?r?'" a c 7 this legislation by signing it in the designated p, -r!- becomes effective with the elapr of ten (10) d� y , '. �, ; ,f �� - sr.,-�, 'c regarding same, without the M yor Oorci ATTEST: WALTER J. FOEMAN TNESS Zj City Clerk '-� 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. EXHIBIT "A" 1. Purchase Price: The purchase price will be no less than the market price as determined by Maddux & Co., which was hired by the Brickells to prepare a market analysis of the property. 2. Distribution of Closing Proceeds: The net closing proceeds will be divided equally between the City and the Brickells. "Net Closing Proceeds" means all closing proceeds after deduction of all "reasonable and customary" expenses of a seller of similar property. The "reasonable and customary" expenses include, specifically the following: (i) real property taxes which may be assessed against the property through the date of closing. cost of appraisal, if required. broker's fee, which is proposed at 3%. (iv) Trustee's fees (see below). 3. Appointment of Trustee or Attorney -in -Fact: To facilitate the sale (and avoid having to obtain the signature of all Brickells and Brickells heirs) the Settlement Agreement contemplates the appointment of a Trustee by the court, who shall be vested with title to the property for purposes of conveyance. The parties, however, will consider whether the stated objective may be met by the appointment of an Attorney -in -Fact for the Brickells. This alternative may reduce the cost of the sale significantly. 4. Term of Agreement: 18 months. ORS:GxhARcsol.doc 55 D03 Gutierrez, Susy From: P03 Rita Lagace Sent: Tuesday, November 09, 1999 12:19 PM 'To: 'D03 Alonso, Elvi G.' Cc: 'D03 Gutierrez, Susy' Subject: Brickell, et al Discussion Item for 11/16/99 Agenda Discussion related to providing the City Attorney with authorization to settle pending litigation Re: Brickell et. al. vs. City of Miami Page 1 99- 896