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HomeMy WebLinkAboutSummary FormDate: 1/08/2010 Requesting Department: Public FaciIities/Asset Management Commission Meeting Date: 1/14/2010 District Impacted: 2 Law Department Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No. 09-3395 [] Other Subject: Resolution for the purchase of the property located at 1814 Brickell Avenue, Miami, FL Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), RELATING TO THE PROPERTY LOCATED AT 1814 BRICKELL AVENUE, MIAMI, FLORIDA (THE "BRICKELL PROPERTY"), AUTHORIZING THE CITY MANAGER TO PURCHASE THE BRICKELL PROPERTY BY ASSUMING THE BUYER'S RIGHTS UNDER THE COMMERCIAL CONTRACT ATTACHED AS EXHIBIT "1 ", THEREBY SUBSTITUTING THE ATTACHED EXHIBIT "1" FOR THE COMMERCIAL CONTRACT THE CITY MANAGER WAS AUTHORIZED TO ASSUME BY RESOLUTION NO. 09-0504, ADOPTED OCTOBER 22, 2009; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL AGREEMENTS RELATING THERETO, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; FURTHER', AUTHORIZING THE PAYMENT OF ALL FUNDS NECESSARY TO CONSUMMATE THE PURCHASE, INCLUDING, BUT NOT LIMITED TO, THE PURCHASE PRICE, CLOSING COSTS, COSTS RELATING TO THE IMPLEMENTATION OF A COVENANT WITH THE FLORIDA DEPARTMENT OF STATE RELATIVE TO THE PRESERVATION OF UNMARKED HUMAN REMAINS ON THE BRICKELL PROPERTY, AND COSTS INCURRED AND TO BE INCURRED FOR PROFESSIONAL ARCHEOLOGICAL SERVICES PERFORMED AND TO BE PERFORMED ON THE PROPERTY, FROM NON -GENERAL FUNDS. Background Information: Budeet Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: See Supplemental Sheet 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 N/A Budget ifusirig:.4? I ift l 3C�1 ►i - Grants -NTA Risk Management ! Purchasin Dept. Director Chief City Manager Page 1 oft. AGENDA ITEM SUMMARY FORM SPA •`., FILE ID• Date: 1/08/2010 Requesting Department: Public FaciIities/Asset Management Commission Meeting Date: 1/14/2010 District Impacted: 2 Law Department Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No. 09-3395 [] Other Subject: Resolution for the purchase of the property located at 1814 Brickell Avenue, Miami, FL Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), RELATING TO THE PROPERTY LOCATED AT 1814 BRICKELL AVENUE, MIAMI, FLORIDA (THE "BRICKELL PROPERTY"), AUTHORIZING THE CITY MANAGER TO PURCHASE THE BRICKELL PROPERTY BY ASSUMING THE BUYER'S RIGHTS UNDER THE COMMERCIAL CONTRACT ATTACHED AS EXHIBIT "1 ", THEREBY SUBSTITUTING THE ATTACHED EXHIBIT "1" FOR THE COMMERCIAL CONTRACT THE CITY MANAGER WAS AUTHORIZED TO ASSUME BY RESOLUTION NO. 09-0504, ADOPTED OCTOBER 22, 2009; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL AGREEMENTS RELATING THERETO, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; FURTHER', AUTHORIZING THE PAYMENT OF ALL FUNDS NECESSARY TO CONSUMMATE THE PURCHASE, INCLUDING, BUT NOT LIMITED TO, THE PURCHASE PRICE, CLOSING COSTS, COSTS RELATING TO THE IMPLEMENTATION OF A COVENANT WITH THE FLORIDA DEPARTMENT OF STATE RELATIVE TO THE PRESERVATION OF UNMARKED HUMAN REMAINS ON THE BRICKELL PROPERTY, AND COSTS INCURRED AND TO BE INCURRED FOR PROFESSIONAL ARCHEOLOGICAL SERVICES PERFORMED AND TO BE PERFORMED ON THE PROPERTY, FROM NON -GENERAL FUNDS. Background Information: Budeet Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: See Supplemental Sheet 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 N/A Budget ifusirig:.4? I ift l 3C�1 ►i - Grants -NTA Risk Management ! Purchasin Dept. Director Chief City Manager Page 1 oft. Subject: Resolution for the purchase of the property located at 1814 Brickell Avenue, Miami, FL Background Information: It is in the best interest of the City of Miami to establish a public park to meet the existing needs for parks, open space and conservation in the Brickell area. The property located at 1814 Brickell Avenue, Miami, Florida is vacant and available, and is suitable for the purposes of establishing a park in the Brickell area. Two independent appraisals were procured and established $2,437,500 as the average fair market value for this Property. The Department of Public Facilities feels that this amount is consistent with other real estate transactions for similar property in the surrounding area. The City's acceptance and assumption of an assignment of the Commercial Contract is subject to the City's receipt of satisfactory survey, title and property condition, including environmental condition and zoning. The owner of the Property entered into a contract to sell the Property to Sami Kalimi (Buyer) and/or assigns. By Resolution 09-0504, adopted October 22, 2009, the City Manager was authorized to acquire the Brickell Property by assuming the rights of Sami Kalimi under the Kalimi Contract. The Kalimi Contract has expired. Subsequently, the owner of the Brickell Property entered into a Commercial Contract to sell the property to Raquel Wells and/or assigns. The Buyer is willing to assign its rights under the Commercial Contract to the City of Miami. Time is of essence in the acquisition of the Brickell Property and the City Commission wishes to authorize the Manager to purchase the Brickell Property by accepting the assignment of the Commercial Contract. Page 2 of 2