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HomeMy WebLinkAboutR-97-0196-1 J-97-215 3/27/97 RESOLUTION NO. 9 7 _ 196 A RESOLUTION APPROVING THE SALE OF THE REAL PROPERTY UNDER THE MIAMI ARENA (THE "ARENA LAND") TO THE MIAMI SPORTS AND EXHIBITION AUTHORITY ("MSEA") IN AN AMOUNT OF NOT LESS THAN $5.9 MILLION SUBJECT TO THE CONDITION THAT THIS TRANSACTION SHALL CLOSE AND THE MONEY SHALL BE TRANSFERRED TO THE CITY NOT ` LATER THAN 10 DAYS FROM THIS DATE; I AUTHORIZING AND DIRECTING THE CITY MANAGER AND THE CITY CLERK TO EXECUTE ANY AND ALL DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO EFFECTUATE SAID SALE. WHEREAS, The City of Miami (the "City") will acquire title to Tracts A, B and C of Miami Arena Subdivision, according to the Plat thereof, recorded in Plat Book 129, at Page 53, of the Public Records of Dade County, Florida (the "Arena Land") from Southeast Overtown/Park West Community Redevelopment Agency; and WHEREAS, the City has agreed to convey the Arena Land to the Miami Sports and Exhibition Authority; 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 sale of the real property under the Miami Arena to the Miami Sports and Exhibition Authority, in an amount CITY COMMISSION MEETING OF MAR 2 7 1997 Resolution No. 97- 196 In of not less than $5.9 Million, is hereby approved subject to the condition that this transaction shall close and the money shall be transferred to the City not later than 10 days from this date. Section 3. The City Manager and the City Clerk are hereby authorized to execute any and all documents11, in a form acceptable to the City Attorney, to effectuate said sale. Section 4. This Resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 27th day of March 1997. f OE-CAROLLO, MAYOR ATTEST: / "JP99KU CITY CLERK PREPARED AND REVIEWED BY: ,� 'M�..� M�ti' i�� (-�� G. MIRIAM MAER CHIEF ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: A.' QU'.tNN JO I I I CITY ATTOR((D�/3/``hYn W1525:BSS 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. - 2 - L 0- ib6