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Home My WebLink AboutR-86-0396J-86-397 RESOLUTION N0. A RESOLUTION AUTHORIZING THE CITY MANAGER TO PURCHASE ONE PARCEL OF LAND (PARCEL 44-H) LOCATED WITHIN THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT AREA AT AN APPRAISED VALUE WITH CLOSING BONUSES SET AT THE RATE PREVIOUSLY ESTABLISHED BY THE CITY COMMISSION AND FURTHER AUTHORIZING THE CITY ATTORNEY TO PROCEED TO CLOSE ON THIS PARCEL AFTER EXAMINATION OF THE ABSTRACTS AND CONFIRMATION OF OPINION OF TITLE. WHEREAS, the City Commission by Resolution No. 82-755 approved in principle the Southeast Overtown/Park West Redevelopment Plan; and WHEREAS, the City Commission approved in principle the Phase I Overtown Transit Station Impact Area proposal for the Southeast Overtown/Park West Community Redevelopment Area by Resolution No. 83-972; and WHEREAS, the City Commission has declared that the best method to redevelop Southeast Overtown/Park West is by a Unified Development Project (Resolution No. 84-893); and WHEREAS the City Commission has authorized the City Manager to initiate the acquisition of properties within the Southeast Overtown/Park West Community Redevelopment Project Area (Resolution No. 86-251); and WHEREAS, the City Commission established procedures for the acquisition of land through negotiated purchase in the Southeast Overtown/Park West Redevelopment Area (Resolution No. 85-396); and -1- CITY COD�SSIOt� MEET= OF MAY 22 01 �SOWTIpN Nu. "' WHEREAS, further by Resolution No. 85-396, the City Manager was authorized to enter into agreements to purchase real estate in the project area pending final Commission ratification for a price not to exceed the appraised value of the property to be acquired, plus a bonus of up to ten percent on the first $50,000 and up to five percent on any amount over $50,000; and WHEREAS, the City Manager has entered into negotiations with landowners for purchase of the parcels remaining within Phase I of the project area that are not presently owned by the City; and WHEREAS, the City Manager has negotiated agreements with one land owner and has made formal offers to purchase one parcel (Parcel 44-H) which is identified and described in Table I attached hereto and made a part hereof; and WHEREAS, negotiated settlement price on this parcel is at the amount approved by the City Commission based on an appraisal of the parcel; and WHEREAS, proceeds for the acquisition will be from the Miami Sports & Exhibition Authority's 1/3 interest in the Convention Development Tax pursuant to Florida Statute 212.057; and WHEREAS, the amounts set forth in Table I are 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: -2- Section 1. This Commission hereby finds, determines, and declares that the matters set out in the foregoing recitals are true and correct and they are hereby incorporated by reference as if fully set forth in this section. Section 2. The City Manager is hereby authorized to execute a Purchase and Sale Agreement for the property identified at the costs stated in Table I in a form acceptable to the City Attorney for anticipated use as part of the Southeast Overtown/Park West Redevelopment Project subject to the availability of funds provided for in the foregoing paragraphs. Section 3. The City Attorney is hereby authorized to proceed to close on this property after examination of the Abstract and confirmation of an Opinion of Title. PASSED AND ADOPTED of MAY 1986. this 22nd day ATT J � L. , PREP RED AND APPRO D BY• APPROVEDAYS TO FORM AND CORRECTNESS • VVVVI�•�y � , -3- 86^396:� F 1 w OMNER(S VADDRESS r".orida East Coast 4,Pai 1 Road 1w f TABLE I: DESCRIPTION, IDENTIFICATION, AND COST OF PARCELS S.E. OVERTOWN/PARK WEST PROJECT PHASE I IMPROY. PARCEL # LEGAL DESCRIPTION LAND CONTRIB. FIXTURES SUB -TOTAL BONUS TOTAL 44-H Miami North, Block $242,500 $--0--------- $242,500 $14,625 $267,126 lots 14 and 15 and a portion of 13 CITY OF MIAMI. FLORIDA 4 INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and DATE: MAY 1 986 ME: Members of the City Commission sUSJECT: S.E. OVERTOWN/PARK WEST CLOSING PROCEDURE FOR PARCEL PURCHASE FROM: Cesar H. O d i o U V REFERENCES: City Manager ENCLOSURES: It is recommended that the City Commission approve the attached Resolution authorizing the City Manager to purchase one parcel- of and located within Phase I or the SoutheasT e appraiseappraiseci value w th a closing bonus valued at the rate established by the City Commission and further authorizing the City Manager to proceed to close on this parcel. Funding to be provided by the Miami Sports and Exhibition Authority. On January 16, 1986 the City Commission authorized (Resolution No. 86-72) the City Manager to initiate the acquisition of 6 parcels for the proposed 16,000 seat multi -use coliseum within Phase I of the Southeast Overtown/park West Project Area. On April 10, 1986 the City Commission approved Resolution No. 86-251 which modified the previous resolution but reaffirmed the acquisition of Parcel 44-H, belonging to the Florida East Coast Railroad. The F.E.C. has agreed to accept the offer of the City at the appraised value plus the standard bonus provided to property owners for settlement in lieu of condemnation. The total settlment price is $257,125 which will be provided the Miami Sports and Exhibition Authority's 1/3 interest in the Convention Development Tax pursuant to Florida Statute 212.057. The City will provide the F.E.C. with an easement. for the continuation of rail service to the Port of Miami. This parcel is part of the Arena site. CHO/MS/es Attachments W 396 OMNER(S)/ADDRESS Florida East Coast ":ii 1 Road r TABLE I: DESCRIPTION, IDENTIFICATION, AND COST OF PARCELS S.E. OVERTONN/PARK NEST PROJECT PHASE I PARCEL I LEGAL DESCRIPTION 44-F Miami North, Block lots 14 and 15 and a portion of 13 INPROV. LAND CONTRIB. FIXTURES SUB -TOTAL BONUS $2429500 $--0--------- $2429500 $149625 TOTAL $257,125