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RESOLUTION 110. g p - 7 6 0
A RESOLUTION RESCINDING RESOLUTION NO. 79-754
ADOPTED ON NOVEMBER 8, 1979, A.IJTIIORIZI14G THE
CITY MANAGER TO PURCHASE IN LIEU OF CONDE,?4NATION
TWO PARCELS OF LAND LOCATED AT 2200 NORTHWEST
SEVENTH AVENUE, MIAII, FLORIDA, VIA AN INSTALLMENT
PURCHASE CONTRACT.; FURTHER AUTHORIZING THE CITY
MANAGER TO PURCHASE SAID PROPERTY FOR A SUM OF
FOUR HUNDRED AND FORTY THOUSAND ($440,000) DOLLARS
14ITH FUNDS THEREFOR FROM THE UNALLOCATED FY 80-81
CAPITAL IPTPR.OVRP'rETIT FUND.
WHEREAS, the property located at 2200 Northwest
Seventh Avenue, Miami, Florida (comprised of approximately six acres)
is proposed to be acquired for expanded parking and long range
planning, for expansion of the Miami Stadium; and
WHEREAS, The City Commission by Resolution No. 79-754,
adopted November 8, 1979, authorized the City Manager to purchase
in lieu of condemnation the above described property via an
installment purchase contract for the sum of Five hundred Twenty
Four Thousand Eight Hundred Thirty One and Fifty Two One Hundred
Dollars ($524,331.52); and
WHEREAS, the owner of the property has offered to
convey fee simple title to this property to the City of. Miami, Florida,
for the re -negotiated price of Four Hundred and Forty Thousand
($440,000) Dollars lump sum payment; and
WHEREAS, the necessary monies are available for said
acquisition through the FY 80-81 Capital Improvement Program Fftnd;
and
WHEREAS, it is deemed in the best interest of the
City of Miami, Florida, to acquire the property at this time
through purchase in lieu of condemnation;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF
THE CITY OF ','IIAMI, FLORIDA-
Section 1. Resolution No. 79-754, adopted on November
8, 1979, entitled:
"DO CUMENTT .11'DEX
T E M N0
CITY COMMISSION '
MEETING OF
OCT3 0 M,Iij
RESOLUTION NO._ 8 U � 0
RfMA RYS :............................
A RESOLUTION AUTH0RIZINC THE CITY MANGER. TO
PURCHASE I14 LIEU OF CONDEMNATION TWh PARCELS
OF LAND LOCATED AT 2200 NORTHWEST SEVENTH
AVENUE, MIAMI, FLORIDA, FRONTIIIC ON NORTWEST
SEVENTH AVENUE BETWEEN NORTHWEST 22 STREET
23 STREET, EXTENDING WESTWARDLY TO NORTHWEST
11 AVENUE, COMPRISED OF APPROXIMATELY 6 ACRES,
FOR THE SUM OF FIVE. HUNNDRED WENTY-FOITR THOUSAND
EIGHT HUNDRED THIRTY ONE DOLLARS AND FIFTY-TWO
CENTS ($524,831.52) SUBJECT TO (a) TERMS AND
CONDITIONS CONTAINED IN THE ATTACHED PURCHASE
SALE AGREEMENT BETWEEN SEABOARD COAST LINE,
RAILWAY COMPANY AND THE CITY OF MIAMI; (b)
ALLOCATION OF $118,000.00 FROM THE 1979-80
UNALLOCATED CAPITAL IMPROVEMENT FUNDS TO COVER
THE INITIAL DOWN PAYMENT AND OTHER COSTS
INCIDENTAI. TO THE ACQUISITION: (c) ALLOCATION
OF THE COST OF FUTURE INSTALLIT- NT. PAYMEUTS
FROM ENSUINC ANNUAL A.PPROPRIATI0N OF CAPITAL
IMPROVEMENT FUNDS,
is hereby rescinded,
Section 2. The City Manager is hereby authorized to
purchase the property located at 220 Northwest Seventh Avenue,
Miami, Florida (comprising; of approximately six acres) for the
sum of Four hundred and Forty Thousand ($440,000) Dollars.
Section 3. The sum of Four Hundred and Forty Thousand
($440,000) Dollars is hereby allocated from the FY 80-81 Unallocated
Capital Improvement Funds and other costs incidental to this
acquisition.
PASSED AND ADOPTED this 30th day of OCTOBER , 1980.
MAURICE A. FCRRR
MAURI CE A. F E RRE , M A Y 0 R.
ATTEST:
LPi1 a, ONGzr
TY C1,RRK, 47
PREPARED AND APPROVED BY:
TERR V, FRCY
ASSISTANT CITY ATTORNEY
D AS TO
CI ATTORi1FY
D CORRECT14ESS :
80-{60
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,
zr? OF -
Mayor and Members of the u^r�' October 17' 1980
City Commission i..,: r: Purchase of Seaboard Railroad Property
rno".Richard L. Fos0O8n
City Manager
In November, 1979, the City Commission authorized the CityManager to
-
purchase two parcels of land located near the Miami Baseball Stadium
from Seaboard Railroad on an installment basis. Since that time we
have been unable, working with the Law Department, to detSM%i�e a method
for an installment pUrChdS�' which would give comfort to Seaboard Railroad.
The Law Department informs me it is not possible for the City to provide
a mortgage on proper~for a three-year period. Therefore, l am recommend-
ing that we purchase the Seaboard Railroad proper through d single pay-
ment from monies available in FY /80-/81 Capital Improvement Program,
This will SaV8 the City approximately $80^000 in iOtgy8St COstS^
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