HomeMy WebLinkAboutR-96-0424RESOLUTION NO. 9 U- 424
A RESOLUTION, WITH ATTACHMENT (S), ACCEPTING
THE BID OF LAKE PAUL FOR THE PURCHASE OF
CITY -OWNED PROPERTY LOCATED AT 5500 NORTHWEST
17 AVENUE, MIAMI, FLORIDA, AS
MORE
PARTICULARLY DESCRIBED HEREIN
(THE
"PROPERTY"), FOR THE SUM OF TWENTY
FIVE
THOUSAND DOLLARS ($25,000); AUTHORIZING
THE
CITY MANAGER TO EXECUTE AN AGREEMENT
OF
PURCHASE AND SALE, IN SUBSTANTIALLY
THE
ATTACHED FORM, WITH LAKE PAUL; FURTHER
INSTRUCTING THE CITY MANAGER AND
CITY
ATTORNEY TO TAKE THE NECESSARY STEPS
TO
EFFECTUATE THE SALE OF SAID PROPERTY.
WHEREAS, pursuant to Motion 95-866.1, the Office of Asset
Management issued an Invitation to Bid for the sale of City -owned
property located at 5500 Northwest 17 Avenue, Miami, Florida (the
"Property"); and
WHEREAS, on April 10, 1996, the City received four bids in
response to said Invitation to Bid; and
WHEREAS, the bid received from Lake Paul in the amount of
$25,000 has been deemed the highest responsive bid;
I
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
and findings contained in the
hereby adopted by reference
DESCILEPLiDIRAMN
IATTACHMENT
i(S)
ENDED BY: 4` s5o e o N TA INED
..
CITY COMMISSION
MEETING OF
J U N 1 3 1996
Resolution No.
96- 424
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The bid of Lake Paul for the purchase of
City -owned property located at 5500 Northwest 17 Avenue, Miami,
Florida, more particularly described as Lot 24, Block 13 of
FLORAL PARK, according to the Plat thereof, recorded in Plat
Book 5, Page 53, of the Public Records of Dade County, Florida,
less however the East 10.00 ft . of Lot 24 in Block 13 of FLORAL
PARK, according to the Plat thereof recorded in Plat Book S, at
Page 5, formerly recorded in Plat Book 5, at Page 53 of the
Public Records of Dade County, Florida, and less that part of
said Lot 24, which lies within the external area formed by a
5.00 ft. radius arc concave to the northwest, tangent to the
south line of said Lot 24, and tangent to a line that is 10.00
ft . west of and parallel to the east line of said Lot 24, in the
amount of $25,000, is hereby accepted.
Section 3. The City Manager is hereby authorized to
execute an Agreement of Purchase and Salel�, in substantially the
attached form, with Lake Paul for the sale of said Property.
Section 4. The City Manager and City Attorney are hereby
instructed to take the necessary steps to effectuate the sale of
said Property.
i� 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.
T
2
ss-
424
shall become effective
PASSED AND ADOPTED this 13th day of',
ATTEST:
NW09XET—ER J. MAN
CITY CLE
PREPARED
ED ARDP RODYIGT DIRECTOR
A SET A ME
LEGAL REVIEW AND APPROVAL:
JUI14-N-10. BRU
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
A. Q011VNjd0)MIII
CITY ATrY
w833/JOB/kd/BSS
3
VICV-,-XA'10R
1996
71
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Walter Foeman DATE : July 31, 1996 FILE
City Clerk
SUBJECT : Resolution 96-424
Rodriguez, Director REFERENCES :
Asset Management
ENCLOSURES:
This office received today a copy of Resolution 96-424 regarding acceptance of the bid
of Lake Paul for the purchase of the City -owned property located at 5500 NW 17
Avenue. As you may recall, when the City Commission adopted this Resolution, the
Commission further directed the City Manager to include a provision within the Purchase
and Sale Agreement that the deed of conveyance would contain a reverter provision
whereby if 1) the Property is utilized for a homeless shelter, drug rehabilitation center or
mental health clinic, or 2) the Property is not brought up to Code or demolished within six
months of closing, the property would automatically revert back to the City of Miami.
Please note that the Purchase and Sale Agreement attached to said Resolution does not
include these conditions. Therefore, I am attaching hereto a copy of the revised
Purchase and Sale agreement which includes said provision to be attached to said
Resolution.
1f you have any questions, please call me at 416-1450.
cc: A. Quinn Jones, III
City Attorney
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96- 424
01
AGREEMENT OF PURCHASE AND SALE
THIS AGREEMENT is entered into this day of , 1995 ("Effective
Date"), by and between the parties: City of Miami, Dade County, Florida, a municipal
corporation, hereinafter referred to as "Seller," and
currently residing/located at
hereinafter referred to as the "Purchaser."
The Parties hereby agree that Seller shall sell and Purchaser shall buy the following
property upon the following terms and conditions:
1. DESCRIPTION OF PROPERTY
a) Legal Description
Lot 24, Block 13 of FLORAL PARK, according to the Plat thereof, recorded in
Plat Book 5, Page 53, of the Public Records of Dade County, Florida, less however the
East 10.00 ft. of Lot 24 in Block 13 of FLORAL PARK, according to the Plat thereof
recorded in Plat Book 8, at Page 5, formerly recorded in Plat Book 5, at Page 53 of the
Public Records of Dade County, Florida, and less that part of said Lot 24, which lies
within the external area formed by a 5.00 ft. radius arc concave to the northwest,
tangent to the south line of said Lot 24, and tangent to a line that is 10.00 ft. west of
and parallel to the east line of said Lot 24
b) Street Address
Approximately 5500 NW 17 Avenue, Miami, Florida
c) Improvements
One-story CBS structure "as is"
2. PURCHASE PRICE AND PAYMENT
In consideration of the Purchaser paying the Seller the sum of twenty-five thousand
dollars ($25,000), the Seller shall sell the Purchaser the Property. The Purchaser shall pay
the Seller, in cash, cashier's check or certified check, the sum set forth herein at the time of
closing.
3. BID DEPOSIT
The Bid Deposit submitted with Purchaser's bid in the amount of two thousand
dollars ($2,000) shall secure the obligation of Purchaser hereunder and shall be held in
escrow in accordance with the terms and conditions of this Purchase and Sale Agreement.
At Closing, the Bid Deposit shall be credited towards the Purchase Price after
payment of all costs involved in the sale of the Property, inclusive of Seller's cost of
conducting this competition.
4. INSPECTION PERIOD
A) Access to Property
Purchaser, its counsel, accountants, agents and other representatives shall have full
and continuing access to the Property and all parts thereof, as well as to all relevant
documents and records of Seller as they relate to the title, the physical conditions of the
96- 424
q
improvements on the Property and the development and operation of the Property (the
"Property Data"). Seller has made and will continue to make the Property Data within its
possession available to Purchaser for its complete examination. Upon Purchaser giving
Seller not less than two (2) business days prior written notice specifying the date and time of
Purchaser's arrival, Purchaser shall also have the right to enter upon the Property for the
purpose of performing non-destructive, non-invasive surveying, structural tests and studies,
and such other similar investigatory work as the Purchaser shall consider appropriate and
shall have the further right to make such inquiries of governmental agencies, utility
companies and other like parties and to make such feasibility studies and analyses as it
considers appropriate.
B) Environmental Matters
Purchaser shall have a period of thirty (30) calendar days from the date of this
Agreement (the "Environmental Inspection Period") to conduct environmental investigation
and testing on the Property. In the event that as a result of such investigation and testing it
is found that the Property or any portion of it contains a toxic or hazardous waste, substance
or material in excess of what is permitted under applicable law (collectively, "Hazardous
f Substances") prior to the end of the Environmental Inspection Period Purchaser shall notify
Seller in writing and deliver to Seller copies of all written reports concerning such Hazardous
Substances (the "Environmental Notice"). The Purchaser and Seller shall have ten (10)
business days from the date the Seller receives the Environmental Notice to negotiate a
mutually agreeable remediation protocol. In the event that the Purchaser and Seller are
unable to reach agreement with respect thereto, the parties shall have the option within ten
(10) business days from the date the Seller receives the Environmental Notice to cancel this
Agreement by written notice to the other party whereupon (i) all property data and all
studies, analysis, reports, plans, abstracts of title and surveys respecting the Property
delivered by Seller to Purchaser or prepared by or on behalf of the Purchaser shall be
delivered by Purchaser to the Seller; and then (ii) except as otherwise hereafter provided in
this Paragraph, the parties shall thereupon be relieved of any and all further responsibility
hereunder and neither party shall have any further obligation on behalf of the other. In the
event that Purchaser does not elect to cancel this Agreement, it shall close on and accept the
Property in its "AS IS" condition.
5. TITLE EVIDENCE
Purchaser, at its sole cost and expense, shall be responsible for obtaining all title
documents including an abstract of title, a title insurance commitment and survey.
Purchaser agrees to forward a copy of the aforementioned title documents to Seller
immediately upon Purchaser's receipt thereof.
Seller has no obligation to, but to the extent Seller has evidence of title, Seller shall
provide copies of same to Purchaser, within seven (7) calendar days of the Effective Date, to
assist in Purchaser's title examination and obtaining title insurance.
In the event that the Seller's title is unmarketable and/or uninsurable, the Purchaser
shall have the following options:
a) Allow the Seller thirty (30) calendar days within which to cure the designated
defects in title that render the same unmarketable and/or uninsurable, and if the Purchaser
chooses this option the Seller agrees to use reasonable diligence in curing said defects,
however, Seller shall not be required to bring any action or to incur any expense to cure any
title defect or objection.
96- 424
b) If Seller shall be unable to convey title to the Property according to provisions
of this Agreement, Purchaser may nevertheless elect to accept such title that Seller may be
able to convey with no reduction in Purchase Price.
c) Purchaser may terminate this Agreement and the sole liability of Seller shall
be to refund the Bid Deposit to Purchaser. Upon such refund this Agreement shall be null
and void and the parties hereto shall be relieved of all further obligation and liability, and
neither party shall have any further claims against the other.
6. DISCLAIMER OF WARRANTIES AS TO PROPERTY,• "AS IS" CONVEYANCES
A) Purchaser is purchasing the Property in an "AS IS" condition and specifically
and expressly without any warranties, representations or guaranties, either express or
implied, of any kind, nature or type whatsoever from or on behalf of Seller. Without in any
way limiting the generality of the immediately preceding Purchaser and Seller further
acknowledge and agree that in entering into this Agreement and purchasing the Property:
(1) Purchaser hereby acknowledges that Seller has not made, will not
and does not make any warranties or representations, whether express or implied, with
respect to the Property, its condition, the value, profitability, developability or marketability
thereof;
(2) Purchaser acknowledges that with respect to the Property, Seller has
not and will not make any warranties, whether express or implied, of merchantability,
habitability or fitness for a particular use.
(3) Purchaser acknowledges that Seller has not, does not and shall not
make any representation or warranty with regard to compliance with any environmental
protection, pollution or land use laws, rules, regulations, orders or requirements including,
but not limited to, those pertaining to the handling, generating, treating, storing or
disposition of any hazardous waste, substance or material.
Purchaser specifically waives, releases and discharges any claim it
has or might have against the Seller with respect to the condition of the Property based on
noncompliance with any environmental protection laws, rules or regulations.
(4) Purchaser acknowledges that Purchaser has made and/or shall be
given an adequate opportunity to make such legal, factual and other inquiries and
investigations as Purchaser deems necessary, desirable or appropriate with respect to the
Property, the value or marketability thereof and of the appurtenances thereto. Such
inquiries and investigations of Purchaser shall be deemed to include, but shall not be limited
to, the condition of all portions of the Property and such state of facts as an accurate survey
would show,
(5) Purchaser acknowledges that Purchaser has not relied, and is not
relying, upon any information, document, projection, proforma, statement, representation,
guaranty or warranty (whether express or implied, or oral or written or material or
immaterial) that may have been given by or made by or on behalf of Seller; and
B) The provisions of this paragraph shall survive the closing
96- 424
7. RESTRICTIONS EASEMENTS AND LIMITATIONS
The Purchaser shall take title subject to a reverter provision whereby if 1)
the Property is utilized for a homeless shelter, drug rehabilitation center or
mental health clinic, or 2) the Property is not brought up to building code
standards or demolished within six months of closing, the Property will
automatically revert back to the City of Miami.
The Purchaser further agrees it shall take title subject to: zoning, restrictions,
prohibitions, and other requirements imposed by governmental authority;
restrictions and matters appearing on the public records and public utility easements
of record.
8. CLOSING DATE
Closing will take place sixty (60) calendar days after the Effective Date, or within a
reasonable time thereafter, at a mutually agreeable time (the "Closing Date"), at the Office of
Asset Management located at 444 SW 2 Avenue, Suite 325, Miami, Florida. Notwithstanding
the foregoing, in the event the Seller elects to satisfy any title objections pursuant to the
terms of Section 5 hereof, then Seller shall have the right to extend the Closing Date as set
forth herein.
9. CLOSING DOCUMENTS
A) At Closing, Seller shall execute and/or deliver to Purchaser the following:
1) Special Warranty Deed subject to conditions, restrictions, easements
and limitations of record;
2) A Closing Statement.
f 3) A Seller's Affidavit and a Non -Foreign Affidavit.
4) Such documents as are necessary to fully authorize the sale of the
Property by Seller and the execution of all closing documents; and
5) Any other documents reasonably
consummate the transaction contemplated hereby.
necessary or advisable to
i B) Purchaser's Closing Documents: At Closing, Purchaser shall execute
r
and/or deliver to Seller the following:
1) Closing Statement;
2) Such documents as are necessary to fully authorize the purchase of
the Property by Purchaser and the execution of all closing documents;
3) Any other documents reasonably necessary or advisable to
consummate the transaction contemplated hereby; and
4) Purchaser shall pay to Seller the cash balance of the Purchase Price.
96- 424
10. CLOSING COSTS AND ADJUSTMENTS COSTS AND ADJUSTMENTS
At Closing, the following items shall be borne, adjusted, prorated or assumed by or
between Seller and Purchaser as follows:
A) Adjustments and Proration
1) Real Estate Taxes: The Seller warrants that the Property is
f exempt from taxes and accordingly there should be no taxes due.
2) Certified/Pending Liens: Certified, confirmed and ratified
governmental liens as of the Closing Date shall be paid by Seller. Pending liens as of the
Closing Date shall be assumed by Purchaser.
3) Other Taxes, Expenses, Interest, Etc: Taxes (other than real property
taxes), assessments, water and sewer charges, waste fee and fire protection charges, if
applicable, shall be prorated as of the Closing Date.
t 4) Usual and Customary: Such other items that are usually and
customarily pro -rated between purchasers and sellers of properties in the area where the
Property is located.
B) Closing Costs
Each party shall be responsible for its own attorney's fees incurred in connection with
the Closing. Purchaser shall pay all other closing and recording costs incurred in connection
with the sale and purchase of the Property described in this Agreement, including, but not
limited to: (i) all inspection and environmental testing costs, and (ii) all sales, use, personal
property taxes or assessments, recording charges, transfer taxes, stamp taxes, filing fees, and
all other sales and transfer fees payable in connection with the transfer of the Property
hereunder.
11. DEFAULT
A) If Seller shall have failed to perform in any material respect any of the
covenants and agreements contained herein to be performed by Seller within the time for
performance as specified herein (including Seller's obligation to consummate the transactions
hereby), Purchaser as and for its sole and exclusive remedies shall be entitled to either (i)
elect to terminate this Agreement and receive the return of the Bid Deposit; or (ii) elect to
waive any such conditions or defaults and to consummate the transactions contemplated by
this Agreement in the same manner as if there had been no conditions or defaults and
without any reduction in the Purchase Price and without any further claim against Seller.
However, notwithstanding anything contained herein to the contrary, in no
event shall Seller be liable to Purchaser for any actual, punitive, incidental, speculative or
consequential damages, costs or fees of any nature whatsoever. The limitation on Seller's
liability set forth herein shall survive Closing.
B) If Purchaser shall have failed to perform in any material respect any of the
covenants and agreements contained herein to be performed by Purchaser within the time
for performance as specified herein (including Purchaser's obligation to consummate the
transactions contemplated herein), Seller, as and for its sole and exclusive remedy, shall
96- 424
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retain the Bid Deposit, as liquidated damages and not as a penalty for forfeiture, actual
damages being difficult or impossible to measure.
C) Neither party shall be entitled to exercise any remedy for a default by the
other party, except failure to timely close, until (i) such party has delivered to the other
notice of the default and (ii) a period of ten business (10) days from and after delivery of such
notice has expired with the other party having failed to cure the default.
12. RISK OF LOSS
The Purchaser assumes all risk of loss or damage to the Property by fire or other
casualty, or acts of God, as of the date of execution of this Agreement.
13. RELEASE AND INDEMNIFICATION
Purchaser and anyone claiming by, through or under Purchaser hereby fully and
irrevocably release Seller, its employees, officers, directors, representatives, agents,
successors and assigns (collectively the Seller) from any and all claims that it may now have
or hereafter acquire against the Seller for any cost, loss, liability, damage, expense, demand,
action or cause of action arising from or related to any defects, errors, omissions or other
j conditions, including, but not limited to, environmental matters, affecting the Property, or
' any portion thereof.
Purchaser hereby agrees to indemnify, defend and hold harmless the Seller from and
against any and all costs, expenses, damages, losses, claims and liabilities (collectively
"Losses") incurred by the Seller in connection with any actions or inactions relating to the
Property that occur or arise after the Closing unless such Losses result from Seller's direct
actions. This obligation of Purchaser shall survive Closing.
14. RADON GAS
Radon is a naturally occurring radioactive gas that, when it has accumulated in a
building in sufficient quantities, may present health risks to persons who are exposed to it
over time. Levels of radon that exceed federal and state guidelines have been found in
buildings in Florida. Additional information regarding radon and radon testing may be
obtained from your county public health unit.
15. NOTICES
All notices or other communications which may be given pursuant to this Agreement
shall be in writing and shall be deemed properly served if delivered by personal service or by
certified mail addressed to Seller and Purchaser at the address indicated herein. Such notice
shall be deemed given on the day on which personally served; or if by certified mail, on the
fifth day after being posted or the date of actual receipt, whichever is earlier:
Seller
City of Miami
City Manager
3500 Pan American Drive
Miami, FL 33133
Purchaser
Mr. Lake Paul and wife
6742 NW 6 Avenue
Miami, FL 33150
95- 424
}
4�
Copy To
City of Miami
Office of Asset Management
444 SW 2 Avenue, Suite 325
Miami, FL 33130
16. CAPTIONS AND HEADINGS
The Section headings or captions appearing in this Agreement are for convenience
only, are not part of this Agreement, and are not to be considered in interpreting this
Agreement.
17. BINDING EFFECT
This Agreement shall bind and inure to the benefit of the parties hereto and their
successors in interest. Purchaser may not assign or pledge this Agreement.
18. GOVERNING LAW
This Agreement shall be governed according to the laws of the State of Florida and
venue shall be in Dade County, Florida.
19. COUNTERPARTS
This Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original but all of which shall constitute one and the same Agreement.
20. ENTIRE AGREEMENT
This Agreement contains the entire agreement between the parties. There are no
promises, agreements, undertakings, warranties or representations, oral or written, express
or implied, between the parties other than as herein set forth. No amendment or
modification of this Agreement shall be valid unless the same is in writing and signed by the
parties hereto.
21. ATTORNEY'S COSTS
In the event that it becomes necessary for Seller to institute legal proceedings to
enforce the provisions of this Agreement, Purchaser shall pay Seller's court costs and
attorney(s)' fees.
22. WAIVERS
No waiver by either party of any failure or refusal to comply with its obligations shall
be deemed a waiver of any other or subsequent failure or refusal to comply. All remedies,
rights, undertaking, obligations and agreement contained herein shall be cumulative and not
mutually exclusive.
r`a§�
2 PURCHASER'S REPRESENTATIONS
If Purchaser is a corporation, the person executing this Agreement upon behalf of
Purchaser represents that he or she is duly authorized to do so, and the following shall be
delivered to Seller upon Purchaser's execution of this Agreement:
(i) A copy of the Certificate of Incorporation
(ii) A copy of the filing receipt
(iii) A duly signed and dated corporate resolution giving specific authority to
enter into this Agreement and purchase the Property, and designating the authorized
signatory or signatories
(iv) A copy of the current Certificate of Corporate Good Standing
If Purchaser is a general or limited partnership, the person executing this Agreement
on behalf of Purchaser represents that he or she is duly authorized to do so, and the following
shall be delivered to Seller upon execution of this Agreement:
(i) Copies of all partnership agreement(s) and amendments thereto, if any.
(ii) A list of the names and addresses of all partners specifying whether each is a
general or limited partner, accompanied by affidavit that the information listed is current,
true and correct
(iii) Proof of authority of the party executing this Agreement on behalf of the
partnership.
If Purchaser is a trust, the person executing this Agreement on behalf of the
Purchaser represents that he or she is duly authorized to do so, and the following shall be
delivered to Seller upon execution of this Agreement:
(i) Copies of the declaration of trust and all amendments thereto, if any
(ii) A list of the names and addresses of the current trustees and beneficiaries of
the trust
(iii) Proof of authority of the party executing this Agreement on behalf of the
trust.
24. SURVIVAL OF REPRESENTATIONSMARRANTIES
All relevant terms of this Agreement, where appropriate, shall survive the Closing
and be enforceable by the respective parties until such time as extinguished by law.
25. PARTIAL INVALIDITY
In the event that any provision of this Agreement shall be unenforceable in whole or
in part, such provision shall be limited to the extent necessary to render same valid, or shall
be excised from this Agreement, as circumstances require, and this Agreement shall be
construed as if said provision had been incorporated herein as so limited, or as if said
provision had not been included herein, as the case may be.
26. NO RECORDING
Neither this Agreement nor any memorandum or evidence hereof shall be recorded in
any public records by Purchaser. If so recorded by Purchaser, this Agreement shall be
deemed ipso facto canceled and terminated, the Bid Deposit shall thereupon be retained by
Seller as liquidated damages for such default, and Purchaser shall have no further interest in
the Property, pursuant to this Agreement or otherwise.
96- 424
The parties hereby knowingly, voluntarily and intentionally waive any right they
may have to a trial by jury in respect to any litigation arising out of, under or in connection
with this Agreement, or any course of conduct, course of dealing, statements (whether verbal
or written) or actions of any party hereto. This provision is a material inducement for
Purchaser and Seller entering into this Agreement.
Dated the date first written above.
PURCHASER:
By:
Lake Paul
wife
Date:
SELLER:
CITY OF MIAMI, a municipal
corporation of the State of
Florida
By:
Cesar H. Odio
City Manager
Date:
96- 424
AG EM N F PURCHASE AND SALE
THIS AGREEMENT is entered into this day of
Date"), by and between the parties: City of Miami, Dade Co
corporation, hereinafter referred to
curre y
hereinafter (erred
The Parties hereby agree that Seller shall sell and P chaser
property upon the following terms and conditions:
1. DESCRIPTION OF PROPERTY
a) Legal Description
f_, 1995 ("Effective
ty, Florida, a municipal
"Seller," and
residing/located at
to as the "Purchaser."
shall buy the following
Lot 24, Block 13 of FLORAL P K, according to the Plat thereof, recorded in
Plat Book 5, Page 53, of the Public R 'ords of Dade County, Florida, less however the
East 10.00 ft. of Lot 24 in Block 1 of FLORAL PARK, according to the Plat thereof
recorded in Plat Book 8, at Page . • formerly recorded in Plat Book 5, at Page 53 of the
Public Records of Dade County lorida, and less that part of said Lot 24, which lies
within the external area for d by a 5.00 ft. radius arc concave to the northwest,
tangent to the south line of § id Lot 24, and tangent to a line that is 10.00 ft. west of
and parallel to the east lin(of said Lot 24
b) Street Address
Approximately, 500 NW 17 Avenue, Miami, Florida
c) Improvemelits
One-story,,BS structure "as is"
2. PURCHA
In considi
dollars ($25,000),
the Seller, in cas'
closing.
I 3. BID P
Don of the Purchaser paying the Seller the sum of twenty-five thousand
ie Seller shall sell the Purchaser the Property. The Purchaser shall pay
cashier's check or certified check, the sum set forth herein at the time of
T Bid Deposit submitted with Purchaser's bid in the amount of two thousand
( ,000) shall secure the obligation of Purchaser hereunder and shall be held in
accordance with the terms and conditions of this Purchase and Sale Agreement.
At Closing, the Bid Deposit shall be credited towards the Purchase Price after
�t of all costs involved in the sale of the Property, inclusive of Seller's cost of
ing this competition.
INSPECTION PERIOD
A) Access to Property
Purchaser, its counsel, accountants, agents and other representatives shall have full
and continuing access to the Property and all parts thereof, as well as to all relevant
documents and records of Seller as they relate to the title, the physical conditions of the
96- 424
V
'1.
improvements on the Property and the development and operation of the Property he
"Property Data"). Seller has made and will continue to make the Property Data wi n its
possession available to Purchaser for its complete examination. Upon Purcha giving
Seller not less than two (2) business days prior written notice specifying the date/Ad time of
Purchaser's arrival, Purchaser shall also have the right to enter upon the Pr erty for the
purpose of performing non-destructive, non-invasive surveying, structural ti is and studies,
and such other similar investigatory work as the Purchaser shall consid inappropriate and
shall have the further right to make such inquiries of governme l agencies, utility
companies and other like parties and to make such feasibility studies and analyses as it
considers appropriate.)
B) Environmental Matters
Purchaser shall have a period of thirty (30) calenc days from the date of this
Agreement (the "Environmental Inspection Period") to coad'bct environmental investigation
and testing on the Property. In the event that as a resultf-f such investigation and testing it
is found that the Property or any portion of it contains X/toxic or hazardous waste, substance
or materialin excess of what is permitted under liplicable law (collectively, "Hazardous
Substances") prior to the end of the Environmentaynspection Period Purchaser shall notify
Seller in writing and deliver to Seller copies of all,4ritten reports concerning such Hazardous
Substances (the "Environmental Notice"). T Purchaser and Seller shall have ten (10)
business days from the date the Seller receJ es the Environmental Notice to negotiate a
mutually agreeable remediation protocol.ii the event that the Purchaser and Seller are
unable to reach agreement with respect thAreto, the parties shall have the option within ten
(10) business days from the date the SeP6 receives the Environmental Notice to cancel this
Agreement by written notice to the Mier party whereupon (i) all property data and all
studies, analysis, reports, plans, af stracts of title and surveys respecting the Property
delivered by Seller to Purchaser Yprepared by or on behalf of the Purchaser shall be
delivered by Purchaser to the Seller; and then (ii) except as otherwise hereafter provided in
this Paragraph, the parties shahereupon be relieved of any and all further responsibility
hereunder and neither party s} all have any further obligation on behalf of the other. In the
event that Purchaser does n eelect to cancel this Agreement, it shall close on and accept the
Property in its "AS IS" con ' ion.
5. TITLE EVIDENe
Purchaser,
documents includ
Purchaser agrees
immediately upo
'ts sole cost and expense, shall be responsible for obtaining all title
an abstract of title, a title insurance commitment and survey.
forward a copy of the aforementioned title documents to Seller
;haser's receipt thereof.
/he
eller s no obligation to, but to the extent Seller has evidence of title, Seller shall
opie of same to Purchaser, within seven (7) calendar days of the Effective Date, to
haser's title examination and obtaining title insurance.
the event that the Seller's title is unmarketable and/or uninsurable, the Purchaser
e the following options:
) Allow the Seller thirty (30) calendar days within which to cure the designated
title that render the same unmarketable and/or uninsurable, and if the Purchaser
his option the Seller agrees to use reasonable diligence in curing said defects,
Seller shall not be required to bring any action or to incur any expense to cure any
ct or objection.
96- 424
c'
11
b) If Seller shall be unable to convey title to the Property according to pr sions
of this Agreement, Purchaser may nevertheless elect to accept such title that SellEffmay be
able to convey with no reduction in Purchase Price.
c) Purchaser may terminate this Agreement and the sole liab/entshall
ller shall
be to refund the Bid Deposit to Purchaser. Upon such refund this Agree� be null
and void and the parties hereto shall be relieved of all further obligati, and liability, and
neither party shall have any further claims against the other.
i
M.
A) Purchaser is purchasing the Property in an)
MS IS' condition and specifically
and expressly without any warranties, representations%or guaranties, either express or
implied, of any kind, nature or type whatsoever from qi on behalf of Seller. Without in any
way limiting the generality of the immediately pgiAeding Purchaser and Seller further
acknowledge and agree that in entering into this AgAement and purchasing the Property:
(1) Purchaser hereby acknowledges that Seller has not made, will not
and does not make any warranties or repuAntations, whether express or implied, with
respect to the Property, its condition, the vas &, profitability, developability or marketability
thereof,
(2) Purchaser ackn, ledges that with respect to the Property, Seller has
not and will not make any warra // es, whether express or implied, of merchantability,
habitability or fitness for a particulgL)r use.
j (3) Purc
make any representation or
protection, pollution or land
but not limited to, those /,.
disposition of any hazardo,49
has or might have
noncompliance with
hase,i'acknowledges that Seller has not, does not and shall not
wirranty with regard to compliance with any environmental
se laws, rules, regulations, orders or requirements including,
Dertaining to the handling, generating, treating, storing or
waste, substance or material.
hrchaser specifically waives, releases and discharges any claim it
st the Seller with respect to the condition of the Property based on
environmental protection laws, rules or regulations.
(4)J Purchaser acknowledges that Purchaser has made and/or shall be
to opportunity to make such legal, factual and other inquiries and
Purchaser deems necessary, desirable or appropriate with respect to the
value or marketability thereof and of the appurtenances thereto. Such
ivestigations of Purchaser shall be deemed to include, but shall not be limited
z of all portions of the Property and such state of facts as an accurate survey
/ (5) Purchaser acknowledges that Purchaser has not relied, and is not
upon any information, document, projection, proforma, statement, representation,
r or warranty (whether express or implied, or oral or written or material or
ial) that may have been given by or made by or on behalf of Seller; and
B) The provisions of this paragraph shall survive the closing
96- 424
I The Purchaser shall take title subject to: zoning, restrictions, prohibitions, and other
requirements imposed by governmental authority; restrictions and matters appearing on the
public records and public utility easements of record.
8. CLOSING DATE
Closing will take place sixty (60) calendar days after the Effective Date, or within a
reasonable time thereafter, at a mutually agreeable time (the "Closing Date"), at thg E�ffice of
Asset Management located at 444 SW 2 Avenue, Suite 325, Miami, Florida. Notwithstanding
the foregoing, in the event the Seller elects to satisfy any title objections ppy6uant to the
terms of Section 5 hereof, then Seller shall have the right to extend the C199ing Date as set
forth herein.
9. CLOSING DOCUMENTS
A) At Closing, Seller shall execute and/or deliver to Purchaser the following:
1) Special Warranty Deed subject to ,conditions, restrictions, easements
and limitations of record;
2) A Closing Statement.
3) A Seller's Affidavit and a l,1on-Foreign Affidavit.
4) Such documents as,, -are necessary to fully authorize the sale of the
Property by Seller and the execution of alf closing documents; and
5) Any other reasonably necessary or advisable to
consummate the transaction contemplated hereby.
J f.
B) Purchaser's Closing Documents: At Closing, Purchaser shall execute
and/or deliver to Seller the Allowing:
1) Closing Statement;
2) Such documents as are necessary to fully authorize the purchase of
the Property by Pu haser and the execution of all closing documents;
I
Any other documents reasonably necessary or advisable to
consummate ,he transaction contemplated hereby; and
e the cash balance of the Purchase Price.
4) Purchaser shall pay to Seller
10/een
SING COSTS AND ADJUSTMENTS
Closing, the following items shall be borne, adjusted, prorated or assumed by or
g
beler and Purchaser as follows:
Adjustments and Prorations
96- 424
1) Real Estate Taxes: The Seller warrants that the PropertNeis
exempt from taxes and accordingly there should be no taxes due. s'
6k
2) Certified/Pending Liens: Certified, confirmed and-' ratified
governmental liens as of the Closing Date shall be paid by Seller. Pending liens as of the
Closing Date shall be assumed by Purchaser.
3) Other Taxes, Expenses, Interest, Etc: Taxes (other -`than real property
taxes), assessments, water and sewer charges, waste fee and fire protection charges, if
applicable, shall be prorated as of the Closing Date.
4) Usual and Customary: Such other items that are usually and
customarily pro -rated between purchasers and sellers of properties in the area where the
Property is located.
B) Closing Costs
Each party shall be responsible for its own attorney's fees incurred in connection with
the Closing. Purchaser shall pay all other closing and recording costs incurred in connection
with the sale and purchase of the Property described in this Agreement, including, but not
limited to: (i) all inspection and environmentallesting costs, and (ii) all sales, use, personal
property taxes or assessments, recording charges, transfer taxes, stamp taxes, filing fees, and
all other sales and transfer fees payable in connection with the transfer of the Property
hereunder.
11. DEFAULT
A) If Seller shall have' failed to perform in any material respect any of the
covenants and agreements contained herein to be performed by Seller within the time for
performance as specified herein. (including Seller's obligation to consummate the transactions
hereby), Purchaser as and for `its sole and exclusive remedies shall be entitled to either (i)
elect to terminate this Agreement and receive the return of the Bid Deposit; or (ii) elect to
waive any such conditions or defaults and to consummate the transactions contemplated by
this Agreement in the same manner as if there had been no conditions or defaults and
without any reduction in:,the Purchase Price and without any further claim against Seller.
:ver, notwithstanding anything contained herein to the contrary, in no
i' liable to Purchaser for any actual, punitive, incidental, speculative or
;es, costs or fees of any nature whatsoever. The limitation on Seller's
ein shall survive Closing.
B) 'If Purchaser shall have failed to perform in any material respect any of the
covenants and agreements contained herein to be performed by Purchaser within the time
for performance as specified herein (including Purchaser's obligation to consummate the
I transactions contemplated herein), Seller, as and for its sole and exclusive remedy, shall
retain t4e Bid Deposit, as liquidated damages and not as a penalty for forfeiture, actual
damagP9 being difficult or impossible to measure.
i C) Neither party shall be entitled to exercise any remedy for a default by the
of er party, except failure to timely close, until (i) such party has delivered to the other
/Ottice
ice of the default and (ii) a period of ten business (10) days from and after delivery of such
! has expired with the other party having failed to cure the default.
96-- 424
The Purchaser assumes all risk of loss or damage to the Property by fire or
casualty, or acts of God, as of the date of execution of this Agreement.
13. RELEASE AND INDEMNIFICATION
Purchaser and anyone claiming by, through or under Purchaser h by fully and
irrevocably release Seller, its employees, officers, directors, represe atives, agents,
successors and assigns (collectively the Seller) from any and all claims t it may now have
or hereafter acquire against the Seller for any cost, loss, liability, dam e, expense, demand,
action or cause of action arising from or related to any defects, er rs, omissions or other
conditions, including, but not limited to, environmental matters, fecting the Property, or
any portion thereof.
Purchaser hereby agrees to indemnify, defend and
against any and all costs, expenses, damages, losses,
"Losses") incurred by the Seller in connection with any
Property that occur or arise after the Closing unlesscl
actions. This obligation of Purchaser shall survive osinj
14. RADON GAS
Radon is a naturally occurring
building in sufficient quantities, may F
over time. Levels of radon that exce
buildings in Florida. Additional info
obtained from your county public heaj
15. NOTICES
All notices or other
shall be in writing and sha
certified mail addressed to
shall be deemed given o t
ll fifth day after being po ed
Seller
City of M' mi
City Ma ager
T1'd harmless the Seller from and
aims and liabilities (collectively
tions or inactions relating to the
Losses result from Seller's direct
radi ctive gas that, when it has accumulated in a
-e nt health risks to persons who are exposed to it
federal and state guidelines have been found in
nation regarding radon and radon testing may be
unit.
coyfmunications which may be given pursuant to this Agreement
1 e deemed properly served if delivered by personal service or by
Seller and Purchaser at the address indicated herein. Such notice
he day on which personally served; or if by certified mail, on the
or the date of actual receipt, whichever is earlier:
! 3500 P n American Drive
Mia , FL 33133
Co y To
ity of Miami
Office of Asset Management
444 SW 2 Avenue, Suite 325
Miami, FL 33130
Purchaser
Mr. Lake Paul and wife
6742 NW 6 Avenue
Miami, FL 33150
96- 424
16. CAPTIONS AND HEADINGS
The Section headings or captions appearing in this Agreement are for
only, are not part of this Agreement, and are not to be considered in inter
Agreement.
17, BINDING EFFECT
ti
this
This Agreement shall bind and inure to the benefit of the pay, es hereto and their
successors in interest. Purchaser may not assign or pledge this Agree df nt.
18. GOVERNING LAW
This Agreement shall be governed according to the
venue shall be in Dade County, Florida.
19. COUNTERPARTS
This Agreement may be executed in one or
deemed to be an original but all of which shall corgi
20. ENTIRE AGREEMENT
of the State of Florida and
counterparts, each of which shall be
one and the same Agreement.
This Agreement contains the entire agreement between the parties. There are no
promises, agreements, undertakings, warranties or representations, oral or written, express
or implied, between the parties othor than as herein set forth. No amendment or
modification of this Agreement shall be valid unless the same is in writing and signed by the
parties hereto. .l
21. ATTORNEY'S COSTS
In the event that it
enforce the provisions of
attorney(s)' fees.
22. WAIVERS
omes necessary for Seller to institute legal proceedings to
Agreement, Purchaser shall pay Seller's court costs and
4ether party of any failure or refusal to comply with its obligations shall
any other or subsequent failure or refusal to comply. All remedies,
obligations and agreement contained herein shall be cumulative and not
` If P chaser is a corporation, the person executing this Agreement upon behalf of
Purchaser epresents that he or she is duly authorized to do so, and the following shall be
delivered o Seller upon Purchaser's execution of this Agreement:
A copy of the Certificate of Incorporation
ii) A copy of the filing receipt
(iii) A duly signed and dated corporate resolution giving specific authority to
enter into this Agreement and purchase the Property, and designating the authorized
signatory or signatories
(iv) A copy of the current Certificate of Corporate Good Standing
96- 424
i
y
i
If Purchaser is a general or limited partnership, the person executing this Agreemen
on behalf of Purchaser represents that he or she is duly authorized to do so, .and the follow'
shall be delivered to Seller upon execution of this Agreement:
(i) Copies of all partnership agreements) and amendments thereto, if an
(ii) A list of the names and addresses of all partners specifying whetheYflalch is a
general or limited partner, accompanied by affidavit that the information liste'#s current,
true and correct
(iii) Proof of authority of the party executing this Agreementtg4f behalf of the
partnership.��'
If Purchaser is a trust, the person executing this Agree Ignt on behalf of the
Purchaser represents that he or she is duly authorized to do so, $ the following shall be
delivered to Seller upon execution of this Agreement:
(i) Copies of the declaration of trust and all amendpents thereto, if any
(ii) A list of the names and addresses of the current trustees and beneficiaries of
the trust
(iii) Proof of authority of the party executing this Agreement on behalf of the
trust.'
24.
All relevant terms of this Agreement, where appropriate, shall survive the Closing
and be enforceable by the respective parties until such time as extinguished by law.
25. PARTIAL INVALIDITY
In the event that any prov
in part, such provision shall be lin
be excised from this Agreement,
construed as if said provision h:
provision had not been included hi'
26. NO RECORDINGy
)n,Df this Agreement shall be unenforceable in whole or
� f to the extent necessary to render same valid, or shall
i circumstances require, and this Agreement shall be
been incorporated herein as so limited, or as if said
in, as the case may be.
ree A ent nor any memorandum or evidence hereof shall be recorded in
P chaser. If so recorded by Purchaser, this Agreement shall be
ed and terminated, the Bid Deposit shall thereupon be retained by
cages for such default, and Purchaser shall have no further interest in
to this Agreement or otherwise.
27. 7or
F TRIAL BY JURY
hereby knowingly, voluntarily and intentionally waive any right they
may haby jury in respect to any litigation arising out of, under or in connection.
with tht, or any course of conduct, course of dealing, statements (whether verbal
or writons of any party hereto. This provision is a materialinducement for
Purchar entering into this Agreement.
95- 424
SELLER:
CITY OF MIAMI, a municipal
corporation of the State of
Florida
By:
Cesar H. Odio
City Manager
Date:
AND
96- 424
and sale agreement, in substantially the attached form, with Lake Paul; turther instructing the
City Manager and City Attorney to take the necessary steps to effectuate the sale of said property.
BACKGROUND:
The Office of Asset Management has prepared the attached Resolution for consideration by the
City Commission. On December 7, 1995, the City Commission adopted Resolution 95-866
accepting the City Manager's recommendation to reject all bids submitted in response to the
Invitation to Bid for the sale of the property located at 5500 NW 17 Avenue. The Commission
further adopted Motion 95-866.1 directing the City Manager to reissue the Invitation to Bid.
On January 5, 1996, the Office of Asset Management reissued the Invitation to Bid and on April
10, 1996 four bids were received. The bid from Lake Paul in the amount of $25,000 was deemed
the highest responsible bid.
It is recommended at this time that the City Commission adopt the attached Resolution accepting
the bid of Lake Paul and authorizing the City Manager to execute a purchase and sale agreement
for this sale.
W-
424 1
}
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
DATE : June 17, 1996 FILE .
SUBJECT
Sale of City -Owned
property located at
5500 NW 17 Avenue
REFERENCES:
ENCLOSURES:
On June 13, 1996, the City Commission adopted Resolution 96-424 accepting the bid
of Lake Paul for the purchase of the City -owned property located at 5500 NW 17
Avenue for the sum of $25,000. Said Resolution further authorized the City
Manager to execute a Purchase and Sale Agreement with Mr. Paul. As a condition
of this acceptance, the City Commission stated that in the event this property is
ever used for a homeless shelter, drug rehabilitation center or mental health clinic,
that `the property would automatically revert back to the City of Miami.
Additionally, in the event the property is not brought up to building code standards
or demolished within six months of the closing date, the property would revert back
to the City of Miami.
Since the adoption of this Resolution, it has come to our attention that such
conditions may be unconstitutional and unenforceable.
Please advise as to the legality of these conditions and whether same should be
included in the Purchase and Sale Agreement and the Special Warranty Deed.
Your prompt attention to this matter is required as the Invitation to Bid
required the Purchase and Sale Agreement to be executed within 20
calendar days after the City Commission authorizes same to be executed.
Additionally, we would like to close on this property as soon Aptsibl
Thank you. --O`-r c
cc: Christina Cuervo, Asst. City Manager =m.`„ A
Walter Foeman, City Clerk ;m a r Tj
Julie Bru, Asst. City Attorney =
Eduardo Rodriguez, Director of Asset Management ? a
PROPERTY AT 5500 N.W! 17th AVENUE
r.r....wr___w_wr_w rwaao.wraarar.r.�wrs_ra�.wararrnwwrrrawrrarw_
No #
APRIL 10 1996 2:00 p.m.
e,
TOTAL DI D_DOND— fall .
D_ID A31OUNT CASHIER'S CHECK -
ROBERT GABLES _.._.. ��
$ 14,500.00 _
CASHIER'S CHECK # 5270017824
_—-------
BEVERLY YOUNG
—_—__----___
$ 15,559.00
" " # 5270017806
EDMOND ROLLINS
$ 14,800.00
" " # 5270017815
LAKE PAUL
$ 25;000.00
" " # 649801260
WE RECEIVED 014LY. ONE COPY OF THE BID
ICH WAS SENT -TO
SSET 14AMAGEMENT DEPARTMENT
ersfrom Me -vendors listed
received _Qa_QL_&p:
U re n are the
my a offers
other offers submitted in response
to th'(s sclic tafi
n, if any,
F_
- - -------- -
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Z-4 LL+e _1b _ _received ( / ) envelopes on behalf of
`Person eeeiving bids)
OFFICE OF ASSET MANAGEMENT on bo /9I Io
(City Departs<ent)
SIGNED:__ ______w_
( y City Clerk)
City of Miami
Cash: -
Checks.
-
COLLECTIONS REPORT
Total:
- Date.
Report of Collections For:
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DR No 27100
Department/Division:
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Prepared
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LN
TRANS.
DOCUMENT
SUBSIDIARY
INDEX
CODE
OBJ.
OF
PR JECT
AMOUNT`�dd
(KEYPUNCH LEFT
NO
CODE
REFERENCE NO.
ACCOUNT
REV.
ZERO FILLED)
DESCRIPTION
s GIL series
no. R ?. series no. no.
�W,gx,q �� D
3-;,270of 7-1
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C FN/TM 403 Rev. 06169 Routing: Carry both copies and funds to Treasury Management (Finance Dept) DISTRIBUTION: White - Treasury Management Canary - Department (After validated by Treasury Management)
GREAT WESTERN BANK C J CASHIER'S CHECK
A Federal Savings Bank 63-912812670 i
611110 NW 7th Avenue REFERENCE DATE
Miami, FLW127 04/09/96 j
PAY Two Thousand Dollars ana,` i
$2,000.
ORDER ****#*CITY OF MIAMI **'
OF r*�,.
'RE: oo*ROBE
Mo bftdoctrmam of mkxdomment e-priM h l 7 at.
will ktrticete a �;�..•,.--�� f � L �. - —---------------
..,� ve_ —_-------------------•----
li°52700178 2Liii' 1:26709126P: 95585 55Lille
iWIN
a
GREATWEMRN BANK (M CASHIER'S CHECK W-5270017806
A Federal Savings Bank 63-9126/2570
j REFERENCE DATE j
5800
M NWFL7�tAvenue 04/09/96
PAY Two Thousand Dollars an'
TO THE�
$2,000.00###
rli
ER ******CITY OF MIAMI sYo, OF
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fk 1 ;..�. t Lt • 0i• t,? •� a . � t .'. f I9QUirH tW0
lire beck of this document ha3
es
document has micro- ni we
will indicate a cap ` r`a _yam
— - — - — - — - — - — - — - —
527001780Ellin 1:26709126 31: 9558555554jig
Y
' j { GREAT VVESMRN BANK SM CASHIER'S CHECK N® 270017815
! A Federal savings Bank 63.9126/2670 •04/09/96
I SM NW 7th Avenue REFERENCE DATE
li Mlaml, FL SM27
Two Thousand Dollars and ! PAY r r,
{ n $2,000.00#**
TOTHE***s#*CITY OF MIAMI
{ ORDER
OF
RE: # # * E DMOND ROLk.t qr
or over ieQ s two natures - Id An�—
The back of this document haq
document has mitto•pnnt 'at nd1 nOR is vL>� • �` •" �^j
Twill indicate a cop
3 .�� • .. _ - ..a.._.. _... 3 _�«ri. _ • \1. \•� -. ,�� a •-------_ -------'----
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*:* SOUZ : FL
LITTLE
OFFICE ** LITTLE RIVER ** **<. <
NAME R.E. LAKE PA" —�—
PAY ----.OF SO. FL. ,, 210 0 Idols I acts **
2000. 00
THE ORDER BARNETT RANI{
,t
OF OFFICE OF TSE CITY OF CLF,9i
CITY OF MIAMI
AUTH_ _ORIZEDBIGNATURE
Issued By Integrated Payment Systems Inc. Englewood. Colorado
First Inlerslate Bank 91 Denver, NA.. Denver CO
---..__ n , r, t -- 1us 1-oin ?onnn lA1-A 1 r11n-7 n n
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
January 3, 1996
Proposal Due Date
FILE :
Please be advised that we have scheduled the receipt of bids in response to the
Invitation to Bid for the sale of the property located at 5500 NW 17 Avenue, Miami,
Florida, for 2:00 PM, Wednesday, April 10, 1996. A copy of the advertisement to be
published is attached for your information.
If you have any questions, please call me at 372-4640.
cc: Judy Carter, Chief Procurement Officer
Berta Davis, Public Works
=3
D
cr,
xy
�-�
PUBLIC NOTICE
The CITY OF MIAMI (the "City") is offering to sell approximately
5,250 sq. ft. of City -owned land and improvements consisting of a
one story building of approximately 2,144 sq. ft. which is zoned
C-1 Restricted Commercial, located at 5500 NW 17 Avenue, Miami
FL, more particularly described as follows:
Lot 24, Block 13 of FLORAL PARK, according to the Plat
thereof, recorded in Plat Book 5, Page 53, of the
Public Records of Dade County, Florida, less however
the East 10.00 ft. of Lot 24 in Block 13 of FLORAL.
PARK, according to the Plat thereof recorded in Plat'
Book 8, at Page 5, formerly recorded in Plat Book 5, at
Page 53 of the Public Records of Dade County, Florida,
and less that part of said Lot 24, which lies within
the external area formed by a 5.00 ft. radius arc
concave to the northwest, tangent to the south line of
said Lot 24, and tangent to a line that is 10.00 ft.
west of and parallel to the east line of said Lot 24.
The value of the property has been established at fourteen
thousand five hundred dollars and no/100 ($14,500). No bid will
be considered below the aforementioned value. Each Bidder will
be required to submit a Bid Deposit of $2,000.00 with their bid.
All bids shall be submitted in accordance with the Invitation to
Bid document which may be obtained from the Office of Asset
Management, 300 Biscayne Boulevard Way, Suite 400, Miami, Florida
33131. For questions pertaining to this Invitation to Bid,
please contact Lori Lutes at (305)372-4640.
All prospective
appointment only.
bidders are invited to inspect the property by
Bid documents must be received by the City Clerk of the City of
Miami, City Hall, 3500 Pan American Drive, Dinner Key, Miami,
Florida 33133, by 2:00 PM, Wednesday; April 10, 1996, and at
that time and place shall be publicly opened and read. Late bids
and/or bids submitted to any other location will not be accepted.
The City of Miami reserve
be in the bt .intere§,il1;o
in any bid, tp.�canCe. all
to reject a'n 'fir' a1,13-bT&� N
es
c; V- NVF 06.
_D C2
s
f
the right to accept any bid deemed to
the City, to waive any irregularities
invitations to bid before bid opening,
and/or to readvertise for bids.
Cesar H. Odio
City Manager