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HomeMy WebLinkAboutR-92-0294J-92-278 5/7/92 RESOLUTION NO. 92-- 294 A RESOLUTION, WITH ATTACHMENTS, AUTHORIZING THE CITY MANAGER TO MAKE AN OFFER AND EXECUTE AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH THE PROPERTY OWNER FOR ACQUISITION OF ONE PARCEL (PARCEL NO. 02-60) WITHIN THE MODEL CITY COMMUNITY DEVELOPMENT TARGET AREA, AND WHICH IS MORE PARTICULARLY AND LEGALLY DESCRIBED IN THE ATTACHED EXHIBITS "A" AND "B", TO BE USED FOR THE DEVELOPMENT OF HOUSING LOW AND MODERATE INCOME FAMILIES IN CONNECTION WITH THE MODEL CITY/LITTLE HAVANA DEMONSTRATION PROGRAM; ALLOCATING FUNDS IN AN AMOUNT NOT TO EXCEED $9,680 FROM THE LOTH YEAR COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM UNDER THE MODEL CITY/LITTLE HAVANA DEMONSTRATION PROGRAM, PROJECT NUMBER 321025, INDEX CODE 599101, FOR ACQUISITION OF THE SUBJECT PROPERTY; AND AUTHORIZING THE CITY ATTORNEY TO PROCEED TO CLOSE ON THE SUBJECT PARCEL AFTER EXAMINATION OF THE ABSTRACT AND CONFIRMATION OF AN OPINION OF TITLE. WHEREAS, there exists a severe shortage of standard housing in the City of Miami affordable to families and individuals of low and moderate income; and WHEREAS, 1992 Capital Improvement Ordinance No. 10938, adopted December 5, 1991, appropriated $1,000,000 in loth Year Community Development Block Grant funds, and monies are available for the proposed amount of the contract under Capital Project No. 321025 of said Ordinance; and WHEREAS, several surveys have been conducted in an effort to identify locations in the target areas where the expenditure of ATTACHMENIT (a) CONTAINED CITY COMMISSION MEETING OF MAY 1 4 199? Resolution 110. 92- 294 these funds would have maximum impact in reversing disinvestment and deterioration while, at the same time, increasing housing resources; and WHEREAS, the parcel identified for acquisition in the Model City Target Area is located in the area targeted for revitalization; and WHEREAS, once acquired, the assembled sites will be developed by the City of Miami under the City's Scattered Site Affordable Homeownership Development Program or made available to a not -for -profit housing corporation for the purpose of developing affordable housing units in the Model City Target Area; and WHEREAS, one (1) parcel in the Model City Community Development Target Area has been identified and recommended for the development of housing affordable to low and moderate income families; and WHEREAS, the City of Miami is interested in acquiring one (1) parcel of land located in the Model City neighborhood which is more particularly and legally described in the attached Exhibits "A" and "B" for the development of such housing; and WHEREAS, an appraisal has been obtained and efforts to seoure the property for valid public and munioipal purposes through negotiation should be undertaken by the City; and WHEREAS, funds are available in the total amount of $9,880 from loth Year Community Development Block Grant funds for land acquisition costs in connection with the Program; and -2- 92- 294 i WHEREAS, the amount set forth in Exhibit "A" is reasonable and in keeping with the costs of acquiring property through the normal negotiation process; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The following offer as indioated is hereby authorized to be made to the owner of the subject property in the amount as indicated below: .h• SM4" h+4 TARGET APPRAISED PURCHASE ASS®_ PARCEL ADDRE6S o VALUE PRICE Model 1860 NW 81st Street Geneva Henry $8,800 $9,680 City Miami, Florida Section 3. An amount not to exceed $9,680 of Tenth Year Community Development Block Grant land acquisition funds which exist as an available balance previously authorized by the City Commission (Project Number 321025, Index Code 599101). is hereby allocated to defray the cost of said acquisition. Section 4. The City Attorney is hereby authorized to proceed to close on said property after examination of the abstract and confirmation of an Opinion of Title. If approved by the City Attorney, the City Manager is hereby authorized to execute the appropriately attached Agreement of Purchase and Sale of the subject property identified at the cost stated in Exhibit -3- 92- 294 "A" and to disburse the sum(s) of money in accordance with the City Commission's authorization. Section 5. This Resolution shall become effeotive immediately upon its adoption. PASSED AND ADOPTED this 14th day of May,1992. XAVIER T-,' dUARELf, MAYOR ATTE MAT HIRAI, CITY CLERK COMMUNITY D LOPM NT REVIEW: PPAMktA TAN%DA, DIRECTOR COXMftNITY DEVELOPMENT DEPARTMENT PREPARED AND APPROVED BY: JO L E. MAXW C EF ASSIST CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: J II CITY ATTO 7 JEM/rm/osk/M2908 -j -4- CAPITAL IMPROVEMENT REVT. -EDUACM RODRIPUEZ CIF PROJECT MANAGER 92-- 294 EXHIBIT "A" AGREEMENT OF PURCHASE AND SALE THIS AGREEMENT entered into this day of , 1992, by and between THE CITY OF MIAMI, Dade County, Florida, a Municipal Corporation of the State of Florida, hereinafter referred to as "CITY," and GENEVA HENRY, residing/located at 1560 Northwest 51st Street, Miami, Florida 33142, hereinafter raferr.?d to as "SELLER." W I T N E S S E T H: WHEREAS, the SELLER is owner of the land (real property) more fully described as 1560 Northwest 51st Street, Lot: 9, Block: 2, Fairhaven Gardens, Plat Book: 6/76, Folio Number 01- 3123-014-0281, and WHEREAS, the CITY desires to purchase said property located at 1560 Northwest 51st Street (Parcel No. 02-60) for use in conjunction with the affordable housing program in the City of Miami. NOW, THEREFORE, in consideration of the sum of One Hundred Dollars ($100), and other good and valuable consideration, it is hereby covenanted and agreed between the parties as follows: 1. In consideration of the CITY paying the SELLER the sum of Nine Thousand Six Hundred Eighty Dollars ($9,680), the SELLER shall, by General Warranty Deed, convey to the CITY good, marketable and insurable title, free of liens and encumbrances to that certain real property, (together with the improvements, hereditaments and appurtenances attached thereto). 2. The CITY shall pay the SELLER the sum set forth in p,}ragraph (1) hereof, minus any sums to be held or given to others pursuant to the terms of this Agreement, by CITY Warrant at the closing within one hundred eighty (180) days f roin the date of the execution of this Agreement by the CITY and SELLER. 3. All taxes and assessments of record for the year 1992 shall be prorated as of the date of closing, and shall be paid or satisfied by the SELLER prior to closing. 4. All certified liens, encumbrances and charges of record against the real property, and all pending liens against the real property, shall be paid or satisfied by the SELLER prior to closing. 5. The SELLER agrees that loss or damage to the property by fire or other casualty, or acts of God, shall be at the risk of the SELLER until the title to the land and deed 92- 294 11. The SELLER understands that this offer has been approved by the City Commission of the City of Miami, Florida by Resolution No. 12. if this is not executed by both parties to the Agreement on or before June 30, 1992, this offer shall thereafter be null and void. The date of the contract shall be the date when the last one of the CITY and SELLER has signed this offer. 13. The $100 deposit delivered to the SELLER at the time of execution of this Agreement shall act as a deposit on this transaction and, upon closing, shall he credited against the purchase price to be paid at time of closing. 14. Within fifteen (15) days from date of execution of this Agreement, the SELLER shall cause to be delivered to the CITY the abstract of title to the real property brought to the date hereof. 15. Documentary Stamps and surtax on the deed and the cost of recording any corrective instruments shall be paid by SELLER. Dated the date first written above. ATTEST: BY ATTEST: MATTY HIRAI, CITY CLERK APPROVED AS TO FROM AND CORRECTNESS: A. QUINN JONES, III City Attorney — 3 — SELLER: Geneva Henry BY CITY OF MIAMI, a Municipal Corporation of -the State of Florida BY CESAR H. ODIO, CITY MANAGER 92- 294 _.1 EXHIBIT "A" MODEL CITY COMMUNITY DEVELOPMENT TARGET AREA PARCEL NO. 02-60 PARCEL ADDRESS: 1560 Northwest 51st Street PROPERTY LEGAL DESCRIPTIOM: Lot: 9, Block: 2, Fairhaven Gar,iens, Plat Rook: 5/76 FOLIO NUMBER: 01-3123-014-0281 OWNER OF RECORD: Geneva Henry LAND AREA: 50 x 112 APPRAISED VALUE: $8,800 ACQUISITION COST: $9,680 - The acquisition cost reflects the appraised value plus a 10% bonus. 92_ 294 WV o ;• o o i•Ir �—, o I.rl 1... Ir..l 1.,1 ,• 1 11 Sa, i. 1 In I I n IJ p- .— • 0 �N u Y4 �XHIBIT "B"t SUUJIiC'1' i'IlOPEA(TY Location Map 15 41n C1 Of N 1 •• - :1/11 i'••• Ii..J 1 I1 C r • I Y p Oe H 1• N 11'1'b ••. •1 II.II• Il.lt , ..pl • 16111 • •-s Z — � ' I'f•S ,i Ii9G '�• 11..1 f.,rri I•'• 1 1•r�:l 1 Iri•I r • 1,'f '1 1 1075 ' Iv•. 1 ISM: � I'. 11 t1. •In . 1.1 f1 1�1.1 11:1 IStt � 1:•11 ISIO 1,11 0 uM0 AV E. o s N .A I{J� 11G6 1,! 1 19fb 1:1.1 1::•1 1•l yl � 11 :1 1��• . 1 lrr to f •1 1 .. •. 1.1 1.. 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It is respectfully recommended that the City Commission adopt the attached resolution authorizing the acquisition of one (1) parcel of real property located in the Model City Community Development Target Area, for the purpose of developing new single family, owner -occupied housing units in the Model City neighborhood under the City's Scattered Site Affordable Homeownership Development Program. Based on a negotiated purchase settlement with the respective property owner, a purchase offer in the total amount of $9,680 has been accepted by the property owner for acquisition of the said parcel. BACKGROUND: The Department of Development and Housing Conservation recommends ratification of the attached resolution authorizing the acquisition of one (1) parcel of real property located in the Model City neighborhood, in connection with the development of one (1) new single family, owner -occupied housing unit under the City's Scattered Site Affordable Homeownership Development Program. Based on a negotiated purchase settlement with the respective property owner, a purchase offer in the total amount of $9,680 has been accepted by the property owner for acquisition of the said parcel. Tenth Year Community Development Block Grant Land Acquisition funds which exist as an available balance previously authorized by the City Commission for site acquisition are available to fund the cost of acquiring the subject parcel. In view of the need to provide affordable homeownership opportunities to low and moderate income families in the Model City neighborhood, in connection with the City's Scattered Site Affordable Homeownership Program, City Commission ratification of the attached resolution is recommended. `, •�- 294 1J A