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HomeMy WebLinkAboutR-79-0431GMM/S/1 6/18/79 RESOLUTION NO. 7 9- 4 3 1 ESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO PAY TO FLORIDA EAST COAST RAILWAY COMPANY THE SUM OF $60,882.82 IN FULL AND COMPLETE SETTLEMENT OF ITS CLAIM AGAINST THE CITY OF. MIAMI FOR DAMAGES SUFFERED BY SAID RAILWAY COMPANY AS A RESULT OF THE ORDER OF TAKING ENTERED ON APRIL 27, 1976, BY DADE,COUNTY-`CIRCUIT COURT WHICH VESTED TITLE TO CERTAIN REAL PROPERTY OWNED BY SAID RAILWAY COMPANY IN THE ►�� •�, Ldd O RTIV• DEPRIVING SAID RAILWAY COMPANY FROM ITS BENEFICIAL USE OF CITY OF MIAMI FOR A PERIOD OF THIRTEEN MONTHS, THEREBY SAID PROPERTY. °A R hJCUMENTS FOLLOW" WHEREAS, the Florida East Coast Railway Company filed its Petition for. of Miami to recover for damages it sustained as Taking entered by Dade County Circuit Court, pursuant Restitution against the City a result of the Order of to which title to certain p Company. was arcels of real property owned by said Railway vested in the City of Miami for a period of thirteen months until Third DistrictCourt of Appeals, thus said Order of Taking was reversed by the reverting title in said. Railway Company; WHEREAS,to Railway a Summary, Judgment as Company by the Circuit Court itt and for Dade County on said Petition for Restitution; and WHEREAS, in said Summary Judgment as to Liability, the Court found that the City of Miami is liable for any and all damages incurred by said Florida East Coast Railway Company as a result of the Order of Taking, pursuant to which title to the aforementioned real property located in the City of Miami City of Miami for the aforementioned" thirteen` months period; was vested in said and and Liability was amount of damages the total could exceed the amont of $100,000; and ITMe1Q . E entered in . favor of said has WHEREAS, which said Railway Companysuffered "DOCUMENT INDEX r1. t e Railway Company WHEREAS,.. after considerable negotiations, c ou r agreed to accept the amount of $60,882.82, excluding attorneys' fees and complete satisfaction of all damages suffered by it in the afnredescribed eminent domain Proceeding; and WHEREAS, it is advantageous a saving and to stop the running of interest; NOW, THEREFORE, BE IT. RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: for the City of Miami to pay till's sum to Section 1.'"The Director of Finance is hereby directed in full effect CITY COMMISSION MEETING OF JUN2 5 1979 Imoumos Net • 1 _ Florida -East Coast -Railway. Company the sum of $60,882.82 'in full and complete; satisfaction of any and all -damages suffered by.said.RailwayCompany,, PASSED AND ADOPTED -this 2 5th•day of June CITY CLERK PREP ED AND APPROVED BY: G. MIRIAM MAER ASSISTANT CITY ATTORNEY APPAS TO FORM D CORRECTNESS: ORGE F. KNOX, '., TY ATTORNEY/ 79-431 Z 3 711IAh•11. Ft.: 711OA 71.;4 ti:al, •11.7.4.3`. The Honorable Members of T"` the City Commission Geo Cit F. Knox, Attorney r., June 18, 1979 City of Miami v. FEC,:;etc. f'"'"'" Case No. 71-17071 GNCCOC,URC5;` In July of 1977, the Third District Court of Appeals reversed the CircuitCourt's Order of Taking pursuant to whichtitle to three parcels of property ownedby FEC,had- :been vested in'the City of Miami. ',Subsequent to said reversal, FEC, as well as several other defendants in the original eninent-`domain .proceeding, filed Petitions for Restitution against the City of Miami to recoverfor:damages.sustained by -them during the thirteen month period in which the City held title .to the subject property. The Circuit Court recently entered a` Summary Judgment as to Liability against the City of Miami, ruling;. thatthe ;City 'is liable for any` and all damages` suffered by the. FEC''Railway Company during said thirteen month period. If this case goes to trial on the amount of damages, the exposure to the City will probably be in the range of $100,000 to $120,000. After extensive negotiation and discussion, a settlement figure has been reached in the amount of$60,882.82,, including interest. It is, therefore, recommendedthat this settlement be approved to avoid the obvious exposure to the City of a verdict higher than the settlement amount,plus the high cost oflitigation. GFK/I.1ft%,S�l