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Home My WebLink AboutR-87-0450P J-87=298 5/14/87 RESOLUTION NO.87-4,5)(' A RESOLUTION AUTHORIZING THE CITY MANAGER TO INITIATE THE ACQUISITION OF A 17,850 SQ. FT. PARCEL LOCATED AT 104 NW 1ST AVENUE BASED ON APPRAISALS PREPARED BY J. MARK QUINLIVAN AND RENEE ROLLE-DAWSON; REOUESTING THAT THE CITY OF MIAMI AND/OR DADE COUNTY INITIATE CONDEMNATION PROCEEDINGS IF THE PROPERTY CANNOT BE PURCHASED BY NEGOTIATION; FUNDING TO BE PROVIDED FROM A CASH CONTRIBUTION AND LOAN TO THE CITY FROM GRAB! CENTRAL CORPORATION. WHEREAS, the City of Miami and Metropolitan Dade County established the Southeast Overtown/Park West Community Redevelopment Project in 1982; and WHEREAS, the City of Miami and Metropolitan Dade County amended the project area boundaries in 1985 to incorporate NW 1st Avenue from NW ist Street to NW 5th Street; and WHEREAS, the widening and realignment of NW 1st Avenue from NW 1st to fold 10th Street is proposed in the Southeast Overtown Community Redevelopment Plan as amended; and WHEREAS, the Government Center Traffic Plan approved by Dade County calls for the improvement of NW 1st Avenue; and WHEREAS, the City of Miami is desirous of improving pedestrian and vehicular access within the Southeast Overtown/Park West Community Redevelopment Area; and WHEREAS, the 17,850 sq. ft. Parcel located at 104 NW 1st Avenue lies substantially in the proposed right of way of NW 1st Avenue; and WHEREAS, two independent professional appraisals have been made of the subject project by J. Mark Quinlivan and Renee Rolle - Dawson; and WHEREAS, the acquisition cost of the parcel to be acquired is set forth in Table I attached hereto and made a part hereof; and WHEREAS, Gran Central Corporation a Florida Corporation has agreed to provide a loan and a matching a cash contribution to provide funding for the acquisition of the beforementioned property; CITY COI•".IMSS`Ori bJ!:ET11�G OF MAY 14 1937 REW-UT1Uti t o •30 NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to initiate the acquisition of a 17,850 parcel based on the aprraised values located at 104 NW 1st Avenue. (Lots 13, 14, 15 and South half of Lot 12, Block 106 N. Miami North Subdivision, Plat Book "B" at Page 41, Dade County, Florida.) Section 2. The City Manager is hereby authorized to initiate condemnation proceedings by the City of Miami and Dade County if a negotiated settlement based on the appraised value of the property cannot be achieved. Section 3. The acquisition of this property is contingent upon the execution of the loan agreement between the City of Miami and Gran Central Corporation. Section 4. The City shall not pay more than a maximum of two hundred thousand dollars ($200,000) over the total appraised value for the leasehold interest for the proposed acquisition of the property located at 104 Northwest 1st Avenue. PASSED A14D ADOPTED this 14th day of May 1987. V ATTEST: 10 PREPARED AND APPROVED BY: 940 APPROVED TO FORM AND CORRECTNESS: 8'7-Q F(' Miami North Block 106 FOLIO NUMBER 01-01106-01-08 TABLE I 1986 ASSESSED MARKET VALUE —'t OWNER NAME LAND BLDG TOTAL S Ftg. Quinlivan Dawson John Frohock $1,428,000 SOO $1,428,500 17,850 $2,750,000 $2,267,000 'ta CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO. Honorable Mayor and Members DATE: MAY 0 61987 ""E: of the City Commission Resolution authorizing SUBJECT: the City Manager to initiate the acquisition of a 17,850 sq. ft. parcel FROM: REFERENCES: located at 104 NW 1 s t Ave. Cesar N. Odio For City Commission City Manager ENCLOSURES: For of May 14, 1987 RECOMMENDATION It is respectfully recommended that the Miami City Commission approve the attached resolution authorizing the City Manager to initiate the acquisition of a 17,850 sq. ft. parcel located at 104 N.W. 1st Avenue; funding to be provided by a loan and cash contribution from Gran Central Corporation; a Florida Corporation. BACKGROUND - The Departments of Public Works, Development the N.W. W.the 1stLaw AvenueaStment reet have reviewed this acquisition s part of Improvement Program. The property located at 104 N.W. 1st Avenue lies at a critical location across from the Dade County Courthouse and adjacent to the Government Center Transit Station. In order to remove the existing jog at the intersection of N-W. 1st Avenue and H.W. Ist Street and to accommodate the proposed increase of right-of-way frog 50' to 70', this parcel must be acquired. The Government Center Traffic Plan prepared by Dade County and the Southeast Overtown/Park West Community Redevelopment Plan as amended (Citupgrading of Commission this Resolution to accommodate recommend improvedthe trafficn flow a nd upgg in up9 this portion of downtown. As part of the proposed contractual agreement between the City of Miami and Gran Central Corporation, a Florida Corporation the City j will commit to the acquisition of this parcel and to the realignment and rebuilding of NW 1st Avenue from NW 1st to 7th Streets. The City has also committed to the rebuilding of the street from NW 7th- loth Streets as part of Phase I of the Southeast Overtown/Park West Project. Honorable Mayor and Members of the City Commission Page 2 Funding for the acquisition will be from a cash contribution and loan from Commercial Realty Development Corporation, the proposed developer of theGran 2 million square feet This of commercial constructiontails the m erci al space and hotel development. If the City is unable to reach a negotiated settlement, the City has agreed to cndemn this Corporation property concerning the thecontractual realignment r of a NW wlst th Gran Central Avenue. The acquisition of this parcel is recommended in order to expedite the realignment and widening of NW 1st Avenue which will greatly improve access to the Government Center Transit Station and create a direct link housing nforncommercial he SoutheastOvertown/Park West Project. Phase I hous g proposed CHO/MS/es Attachment Proposed Resolution Map 1 CONCLUSIONS s� R' Or SALIENT FACTS D �Market Value purpose of Appraisal Property Rights Appraised Fee Simple 104 N. W. 1 Avenue Location Miami, Florida 17,850 squa re Feet Land Size store/ One and two-story Improvements office building 1920 Age CBD-1/9 Zoning Central Business District Highest and Best Use OggiCe Usage Estimated Land Value $2,750,000.00 Final Estimate of Value $2,750,0o0.00 Date of Value Estimate February 3 , 19 87 F. ROBERT QUINLIVAN, m S.R.P. • MARK QUINLIVAN, 1 410 87-45a 1 • I Assoc., Inc.Rolle Realty REALTOR REALTORO PROPERTY MANAGEMENT LIVINGSTON ROLLE RESIDENTIAL • COMMERCIAL . INDUSTRIAL SALES Broker /P,es;de,,, REAL ESTATE APPRAISERS and CONSULTANT SHONE (305) 576-8097 MIAMI, FLORIDA 33136 241 NORTHWEST 171h STREET March 12, 1987 Mr. Albert Armada, Manager City of Miami property & Lease Division 1320 NW 20th Street Miami, FL 33136 RE; Appraisal Report for 104 NFL•lst Avenue Miami, Dear Sir: inspected and your reques with yot I have In accordance located at 104 N.W. 1st Avenue, Miami appraised the property ' and Mr. John Frohock•sisperthminentde atoatheuvalues Florada owned by thorough investigation and analy reported herein. two CBS retail under appraisement consist of The property s of similar age and construction. Parts office type building by the of the structure has been renovated sub -tenants. the market a.l is to eestimateThe purpose of this apprais ty for the purpose of negotiating value of the subject property a sale. investigation anvirtue of MY on of m By reasy d by it is my opinion that th7 fwayr market value of experience, erty as of March 2, 198 - the subject prop TWO MILLION TWO HUNDRED SIXTY-SEVEN TgOUSAND $2,267,000/00 y er!-4 _ I RD so 4`0 1 !I 10 1-2 a $ 31 CQ 1---�- 1 lb a� 1 17 1 1.5 /9 MUN+C+PAL I r— v� 1 + 00 Q5 Dt W= '1 A_ At h I . {---- �c- --- - o / ly i 3 tea: CL 10 SO ierS ST. 2 No 6 � J 7 • ►� I~ C7 _ KG. P KG- PKG. O , + • to /i °- h ��-- � �� '� Z , 1 PKG 23 Mo • l01 tnI tZ r� + �9 P G . 1 1 C7i $ OZ 11 +„+gNGEI 1 -- - .� m1161 50 5 T. , Ij .... _ •_ _.' I PROPERTY UB�ECT � ^o��i9ht by 6.M.Hop�E�ns Ca,Phi/a. ,Pa. j . • I sal• F. ROBERT QUINLIV M�►.M S R.P.A• ), MARK QUINLIVAN, ss.as.� a�a�"•'�I'aw"as'•''`.i"ivi.�i+.....�•� � . • - � s �y.. ' •r .4 'rAii:a•• L.a.I `.�.—.. �• r..r.irF •.i�••JL-: �i...'.- 3 METRORAIL _ 4 1 � 5 3C v~i I tn 3 � Z Z EXHIBIT B PARCELS REQUIRED FOR REALIGNMENT OF N.W. I AVE. H En to 3 Z I „ s 2cd / /' FA