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Home My WebLink AboutR-85-0757my. F� P fieWf -dm85m702 7/5/85 RESOLUTION NO, � t A RESOLUTION AUTHORIZING THE CITY MANAGER TO PURCHASE FIVE PARCELS OF LAND LOCATED WITHIN THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOP- MENT AREA AT APPRAISED VALUES WITH CLOSING BONUSES SET AT THE RATE PREVIOUSLY ESTAB- LISHED BY THE CITY COMMISSION; AND FURTHER AUTHORIZING THE CITY ATTORNEY TO PROCEED TO CLOSE ON THESE PARCELS AFTER EXAMINATION OF THE ABSTRACTS AND CONFIRMATION OF OPINIONS OF TITLE. i WHEREAS, the City Commission by Resolution No. 82-755 approved in principle the Southeast Overtown/Park West Redevel- opment Plan; and WHEREAS, the City Commission approved in principle the Phase I Overtown Transit Station Impact Area proposal for the Southeast = b Overtown/Park West Community Redevelopment Area . Y 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 y to initiate the acquisition of properties within the Southeast Overtown/Park West Community Redevelopment Project Area (Reso- lution No 85-394)s and WHEREAS, the City Commission established procedures for the acquisition of land through negotiated purchase in the Southeast Overtown/Vark West Redevelopment ,Ares. (Resolution No. 85-396); and iH , AS, further by solution Wo. 85-39t, the City Menas3e was 4uth9risod to entev into ageamento to purchase real estate CITY COMMISSION MEETING Qr JUL to loss 49wW110 ' in the projeet atea pending final dothmission fatifioaticin f0t a f price not to exceed the apptai'sed value of the property to be s acquired, plus a bonus of up to ten percent on the first $50, 000 ; and up to five petdent on any amount over $501000; and ^' = WHEREAS, the City Manager has entered into negotiations with landowners for putchase of the parcels remaining within Phase l c of the project area that ate not presently owned by the City; and WHEREAS, the ColiimisSioh has already authorized the City o, Manager to purchase eight parcels within the Phase l Project Area and has authorized the City Attorney to proceed to close on those parcels (Resolution No. 85-664) ; and � ' WHEREAS, the City Manager has negotiated agreements with five more landowners and has made formal offers to purchase the VY five parcels identified and described in Table l attached hereto <` and made apart hereof; , and WHEREAS, negotiated settlement prices of the parcel 37-B r W,. is -higher than those approved by the City Commission based on a' ` reappraisal of those parcels but still remains within a 15% t contingency range reserved for such increases; and WHEREAS, proceeds from the sale of General Obligation Hous- ing Bonds are available for acquisition; and r WHEREAS, the cost of these parcels to the City would not exceed estimated costs based on appraised values, commensurate t bonus schedules, and contingencies previously approved by the t City Commission (Resolution Nos. 85-394 and 85-396); and a .. k` WHEREAS, the amounts set forth in Table I are reasonable and in keeping with the costs of acquiring property through the nor- Y ° mal negotiation process, and WHEREAS# if these were arm's length transactions and stan- dard acquisitions, the City would also be responsible for paying fi ' the seller''s attorneys fees and associated costs= i Y y s S CIS j +( i. z n z* {Y NdESEEtiZEi 8S �Er,SOLi�Eb ay TI�t C`C3i�Il�it$giOM Or THE CITY , of MIAMI) FLORIDA: � _..; Section 1= is commission hereby finds, detarnes, and E declatee that the ffiattets set out in the foregoing recitals ago true and correct and they ate hereby incorpotated by tefer'enco as it fully set fotth in this section] Section • The City Manager is hereby authorized to xr. purchase the five properties identified herein at the costs as attached, stated in Table I# /for anticipated use as patt of the Southeast 4' over town/ Park West Redevelopment Project subjeot to the .` °-. availability of funds provided for in the foregoing paragraphs. Section 3. The City Attorney is hereby authorized to proceed to close an this property after examination of the Abstract and confirmation of an Opinion of Title. r' PASSED AND ADOPTED this 18th day of Judy , 1985. f rr - ATTEST }J Maurice A. Ferre G. ONGIE MAURICE A. FERRE, MAYOR CITY CLERK a PREPARED AND APPROVED 1 Y: APPROVED AS AND_ s OW"(' ROBERT N. SECHEN - LUCTA A. DOURHEPW As CITY ATTORNEY CITY ATTORNEY $ k ask : r„2 v> T RIM TABLE I DESCRIPTIObi, IDENTIFICATION, AND COST OFPARCELS-- S.E. OVERTOWNIPARr- WEST' PRWEer PHASL I PARCEL NEGOTLUED sErrrtT' PRIM (S� ADDS NUMBER LWAL DESCRIPTION LAND BUILDING FIB Sf)B TOTAL TOTAL �a�nes B. �t�taderstx; and 24-C lots 5, 6, 8, 17, 18, 19, $960,000 $460,000 $64,254 $1,484,254 $73E500 $1„55,7„754 Iolan Vella and 20, Block 24, Miami Poems G North (P. B. B-41) St N.W. l.Oth Street Mia d.. Florida 33136 POsh, Inc. 24-D Lots 9, 10, 11, 12, $480, 000 $201000 $1,.480+ $501, 480; $27, 500 $528, 980 Sg N*W., loth Street Block 24, Miami North, IOIS N. Miami Avenue B. B-41) Mjam .,► FIL 3313 i �eonarA Dave 25-K lots 16 and 17, Block $67,500 0 0' $67,500 $5,&7� $T3„375► 1018 Red Oak aAvewe 25 Miami North (P. B. B-41) QAdam, Zbrth Carolina 277B7 i di Cash 'suer 37-$ South 100 f t. of Lots $284, 000 $96, 000 $13, 993 $393, 9'93 $ t, 500 $4�15„ 4�9 ON Avenue 1 and 2, West 25 f t. of ' Ne 33136 North 50 'ft. of Lots 2 and 3, Block 37 N. Miami North (P.B. B-41) Berxard and use 13ofifiaan 37-ii lot 22 Block 37N Miami $120, 000 $5, 000 $28, 900 $I53, 900 $I2„ 750 $166,, 650 19 N.W. wh Street North (P. B. B-41) Miami„ kjorida 33136 TOTALS $1,911►500 $581,000 $108,627 $2,601,,127 $141„125 $2„742,252 I� , 4 Cft OP MIAMI, PLINfOA The Honorable Mayor and bAft: July I, 1985 " SUBAct: sly,, CvettdWW/Park West Closing �ri3�ddures Can �c�if ��j. �t1rtm�1ell�i�� A City e6mmisaion Agdnda ��w�: 8ercio pereira � " �€ July 18# 198? City Manager" z :Y ��I�L�fSilPiE�� l ) it is recommended that the City Comt i6d' on approve the attached resolution authOrizinct the City Manager t urchase fiv reels � _ , Of lando located Within Phase I the Southeast overt4 wn Parlt West .RedaVe1p .went Area at the values negotiated based on appraised values with closing bonuses valued at the rate established by the City Attorney and further authorizing the City Attorney to proceed to Close on these parcels. I On April 11, 1985, the City Commission authorized the City _Manag- er to initiate the acquisition of the seventy-one privately owned parcels in the S.E. Overtown/Park West Redevelopment Area (Reno- _'... lution 85-394). The City Manager was also authorized to enter into agreements to purchase real estate in the area, pending { final Commission ratification, for a price not to exceed the ` appraised value of the property to be acquired, along with bonus ., schedules for all closings that were expedited (Resolution 85- ,. 396). In approving these resolutions,- the ,Commission also authorized appraised values for each parcel and allowed a fifteen percent contingency for increased land values and reappraisals. The original estimate included a lump sum fixture appraisal of $500,000 which has now been assigned to each parcel based on rr appraisals prepared by S.M. Dix. tA:=' Subsequently, as authorized, the City Manager initiated negotia- Lions with many area landowners and has successfully negotiated #�N "Agreements of Purchase and Sale" for fourteen parcels, comprising all but one of the landowners within Blocks 24 and`37 of the Phase I development area (Figures 1 and 2)and one parcel within Block 25 (Figure 3). On June 20,: 1985" the City Commission authorized the City Manager to purchase and close on r eight of these parcels (Resolution No. 85-664). It is anticipated that these closings will occur at the end of July, 8557 "i!a n y5 j rt mayor acidoitiagit3tt july 1085 Agreements for the purchase of the re�iait"" parcels its these been negotiated, The City Manager seeks rat fi- x blades have how cation of these six agreements in order to expedite purchasing the properties The Negotiated settlement prices (Table 1) for four of these the appraised values authorized by the Commission' parcels thatch on April 11, MS, These are parcel 24-Co owned _ by James 8- posh, Inc. 25, Anderson and Sohn Vella, parcel 24-b owned by owned by Leonard Davisand parcel 37-M, owned by Bernard and Rose Hoffmman. _ The negotiated settlement prices for one of the parcels was higher than those approved by the Oommissioni attributa slightly ble to`reappra sal of the properties. parcel 37-81 originally appraised at $365,000r is owned by Miami Cash Register, Inc, the Upon reevaluation based on increased value to structures, be $380,000, a $1,000 or 4.1 ' parcel was reappraised to worth increase. This value-stil falls well within the _price range, reserved by the 15 percent contingency fund. The settlement of of immovable fixtures i price also includes the cost purchase based on appraisalsprepared by S.M. Dix. i R 85-757 $ k 3 t AND COST OP PARCBt.S ~ S.B. OVSR'COMITj�PAIRI6 iiSS'P s TABLE I s DESCRIPTION, IDWrIPICATION, NmOdrxmv SEA PRim PAR ii LEGAL L�IPTION LANDBUILDIN; FIXIV ES Stl TOTP BIX�S TOTAL O R(S) AOQiESS NLH= $960,000 $460`,00G $64.254 SI.484.254 $71.5CO $�.557;.754i James B. Anderson and 24-C Lots 5, 6, 8. 17, 18. 19, and 20, Block 24, Miami JOTm Vella North (P. B. B-41) c%o fbeh, Inc. 50 N..W. loth street iyi,aoi, Florida 33136 $480,000 $20'.000 S1,480 $501.480 $2T.500 $52d^.98F}> Posh' Inc. 24-0 Iots 9. 10, lI, 12, '50I0.W. loth Street Block 24, Miami worth, (P.B. B-41) LOIS N. Miami Avetoe Miafai, FL 33136 0 0' $6T,:500 S5,&7S ASS R L eonard Davis 25-K Lots 16 and 17, Black 25 Miami .forth (P.B. B-41) $67.500 E 1018 lied OBk Avenue f Durham, 3tbrth Carolina 27707 $284,000 $96,000 $13,993 S393p993 C21.SOE1 � $4 15 491 ( Miami'Qksh paoster 37-5 South 100 ft. of lots I and 2,West 25 ft. of Boo rtacth rliaan Avenue N th iaw North 50 ft. of Lots 2 and 3, l400 Block 37 N. Miami Yorth (P.8. B-41) $166.650i $120,0000 $5.000' $28,900' $153.900 $T2.750 Bernard atd Aoee EiofSaan 37-i Lot 22 Block 37,t Miami North (P.B. B-41) 19 N.W. 8th Street Miami, Florida 33136 TOTALS $581,000 $f08' 627 $2.601.127 $141,125 $4,742°«257 CA c