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HomeMy WebLinkAboutR-87-045444 J-87-461 5/5/87 RESOLUTION NO. 87 -454 A RESOLUTION AUTHORIZING THE CITY MANAGER TO NEGOTIATE UP TO $25,000 WITH PROPERTY OWNER FOR ACQUISITION OF REAL PROPERTY LOCATED AT 2610 NORTHWEST 25TH AVENUE IN THE CITY OF MIAMI, LEGALLY DESCRIBED AS THE SOUTH 20 FEET OF LOT 2, AND NORTH 20 FEET OF LOT 3, BLOCK 2 OF GROVELAND, AS RECORDED IN PLAT BOOK 11 AT PAGE 54 OF DADE COUNTY PUBLIC RECORDS, TO BE USED FOR THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES; FURTHER AUTHORIZING AND DIRECTING THE CITY ATTORNEY TO PROCEED TO CLOSE ON THE SAID PROPERTY AFTER EXAMINATION OF THE ABSTRACT AND CONFIRMATION OF OPINION OF TITLE; SAID ACQUISITION COSTS TO BE PROVIDED FROM THE GENERAL OBLIGATION HOUSING BOND FUND. WHEREAS, in November of 1983, the Melrose Nursery site was acquired for the development of housing affordable to low and moderate income families; and WHEREAS, Metropolitan Dade County serving as the City's acquisition agent did not acquire a single family dwelling located in the southeast corner of the site at 2610 Northwest 25th Avenue; and WHEREAS, in October of 1986, the City retained the services of two (2) appraisers in order to determine the fair market value i of the subject property; and WHEREAS, the two appraisers retained by the City determined the fair market value of the subject property to be $15,000 and $25,000; and WHEREAS, the City Commission, through Resolution No. 86-887 authorized the City Manager to negotiate with the owner of the subject property and established a purchase price of $20,000; and WHEREAS, the City's initial offer of $20,000 which represented an average of the two appraisals secured by the City was rejected by the property owners; and WHEREAS, a counter offer of $25,000 was submitted by the property owner which represents the highest appraised value of the subject property; and CITY COMMISSION MEETING O! MAY 14 +�1987 EsMUTIoa kb. �tiY`` Wil A - WHEREAS, an increase in the City's offer of $25,000 would enable the last remaining property not under public ownership on the Melrose Nursery site to be acquired; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to negotiate up to $25,000 for the parcel located at 2610 Northwest 25th Avenue to Wayne A. Rofolante, Trustee, for the testamentary Trust, of Henry C. Morat, owner, in connection with the development of affordable sales housing on the publicly owned Melrose Nursery site. Section 2. All funding for the costs of the herein authorized acquisition is hereby allocated from the General Obligation Housing Bond Fund. Section 3. Upon notification from the City Manager that an agreement %pith the property owner(s) has been reached in accordance with the above authorization, 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; whereupon, if approved by the City Attorney, the City Manager is hereby authorized to disburse the sum(s) of money in accordance with said agreement. Section 4. All recitals and finds contained in the preamble of this Resolution are hereby incorporated by reference thereto and are hereby adopted as if fully set forth in this section. W 2:: 8'7--454 . PASSED AND ADOPTED this 14th day of _ May 1987. 4AUX,-- XAV:ER L. SUA MAYOR ATTEST: KATTY HIRAI CITY CLERK FINANCE REVIEW: MINI-4 CARL S GARCIA: DIRECTOR FINAN E EPARTMENT PREPARED AND APPROVED BY: ROBERT F. CLARK CHIEF DEPUTY CITY ATTORNEY APPROVED AyS�'�0 FORM AND CORRECTNF,4 • j CITY ATTORNEY BUDGETARY REVIEW: MANOHA rND NA DIRECTMANAGEMENTBUDGET e 87-454 MELROSE NURSERY SITE N.W. 86 \ Q Q i Y W.W. ST. 4 p rewoerty 87-454 9 7--454 CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM To: Honorable Mayor and Members of DATE: MAY 0 6 1907 nLs, the City Commission Resolution Authorizing SUBJECT: Acquisition of 2610 N.W. 25th Avenue FROM: Cesar H. W io REFERENCES: city Commission Agenda City Manager Item -- May 14, 1987 ENCLOSURES: RECOMMENDAT I ON : It is respectfully recommended that the City Commission adopt the attached resolution authorizing the City Manager to negotiate with the property owner up to $25,000 for the acquisition of a „single family dwelling located in the southeast corner of the publicly owned Melrose Nursery site. BACKGROUND: The Housing Conservation and Development Agency recommends the adoption of the attached resolution authorizing the City Manager to negotiate with the property owner of a parcel located in the southeast corner of the publicly owned Melrose Nursery site. The _ proposed resolution authorizes and directs the City Manager to negotiate with the property owner up to $25,000 for purchase of the subject property. In November of 1983, the m(_!�lrose Nursery site was acquired for the purpose of developing housing affordable to low and moderate income families:.. It was later discovered that a single family dwelling located in the southeast corner of the Melrose Nursery property was not acquired by Metropolitan Dade County HUD, which served as the City's acquisition agent. In an effort to acquire the last remaining property not under public ownership on the Melrose Nursery site, the City retained the services of two appraisers in order to determine the fair market value of the property. The appraisers retained by the City, Gene B. Bracer and Rennee Rolle -Dawson, determined the fair market value of the property to be $15,000 and $25,000, respectively. On November 13, 1986, through Resolution No. 86-887, the City Commission authorized the City Manager to proceed in acquiring the subject property through a negotiated purchase. A purchase offer of $20,000 was authorized by the City Commission to be made to the owner. 412,- I w Subsequently, the City's offer of $20,000 was forwarded to the owner and a counter offer of $25,000 was submitted by the owner, which represents the highest appraised value assigned the property by the appraisers. In an effort to acquire the last remaining property not under public ownership on the Melrose Nursery site, the Housing Conservation and Development Agency recommends an increase in the = purchase offer to $25,000. . Funds are available from the General Obligation Housing Bond fund to cover the cost of acquiring the subject property.