HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
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Matter ID No.
09-1477
FILE ID: Oc,-00 co I I
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Date: 05/22/2009 Requesting Department: Community Development
Commission Meeting Date: 06/18/2009 District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: REVERT PARCEL OF LAND CONVEYED TO PROGRESSIVE VISION
COMMUNITY DEVELOPMENT CORPORATION, INC.
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO REVERT THE PARCEL OF LAND CONVEYED TO
PROGRESSIVE VISION COMMUNITY DEVELOPMENT CORPORATION, INC., LOCATED AT 779
NORTHWEST 57TH STREET, MIAMI, FLORIDA, LEGALLY DESCRIBED IN EXHIBIT ,A,,,
ATTACHED AND INCORPORATED, BACK TO THE CITY OF MIAMI FOR NON-COMPLIANCE
WITH THE TERMS SPECIFIED IN THE CITY DEED, SECTION 2: COMMENCEMENT OF
CONSTRUCTION WITHIN TWELVE (12) MONTHS FROM THE DATE OF CONVEYANCE; AS
SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL DOCUMENTS, FOR SAID PURPOSE.
Background Information:
Please see attached
BudLyet Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP
Budget
If using or receiving capital funds
Grants
Risk Managen
Purchas'n
Dept. Director
Chief
City Manager_
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 05-0347, adopted May 26, 2005, the Miami City Commission authorized
the City Manager to execute the Purchase and Sale Agreement, between the City of Miami ("City")
and Progressive Vision Community Development Corporation, Inc. ("Progressive Vision") for the site
located at 779 Northwest 57th Street.
On March 29, 2006, the Purchase and Sale Agreement, between the City and Progressive Vision
was executed.
Pursuant to Resolution 07-0192, adopted April 12, 2007, the Miami City Commission authorized the
City Manger to ratify the First Amendment, to the Purchase and Sale Agreement to provide for (i) a
three (3) months extension to satisfy conditions precedent; and (ii) modification of the unit count and
type to provide three owner occupied townhouse units.
Pursuant to Resolution 07-0372, adopted on June 28, 2007, the Miami City Commission authorized
the City Manager to execute the Second Amendment, executed on July 23, 2007, to extend the
deadline to satisfy conditions precedent by a period of seventy (70) days, expiring on September 7,
2007 and Consent to Assignment of Purchase and Sale Agreement.
The City Deed ("Deed") was executed on October 3, 2007, between the City and Progressive Vision
requiring construction to start within twelve (12) months from the date of the Deed.
Construction has not started on the property despite continuous reminders to the developer with
respect to his obligation under the Deed restrictions.
The Administration recommends to revert the parcel of land located at 779 Northwest 57th Street,
from Progressive Vision for non-compliance with the terms specified in the Deed.