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HomeMy WebLinkAboutPre Legislation 2- City of Miami Certified Copy File Number: 08-00976 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-08-0497 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE SALE OF A CERTAIN CITY OF MIAMI ("CITY") OWNED PROPERTY LOCATED AT 1436 NORTHWEST 61 STREET, MIAMI, FLORIDA, TO THE INDIVIDUAL, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE A REAL ESTATE PURCHASE AND SALE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM AND TO EXECUTE SUCH OTHER DOCUMENTS AS MAY BE NECESSARY TO CONSUMMATE SUCH TRANSACTION IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT, WHICH TERMS MAY BE AMENDED BY THE CITY MANAGER AS MAY BE NECESSARY IN ORDER TO MEET THE BEST INTERESTS OF THE CITY. WHEREAS, pursuant to Resolution No. 07-0305, adopted June 12, 2007, the Miami City Commission approved the sale of the property specified in Exhibit "A," attached and incorporated, to Tymara Coldin; and WHEREAS, due to the lost of subsidy, Tymara Coldin does not meet the qualification for the purchase of the aforementioned property; and WHEREAS, Maureen Allon, a new homebuyer, has expressed the desire to purchase said property; and WHEREAS, the Department of Community Development has reviewed Maureen Allon's household income, and certifies that she is within 80% of the area median income, qualifying the homebuyer as a low income household; and WHEREAS, the following conditions have been put in place for the purchase of said property: 1. The property must remain owner -occupied for 30 years; 2. In the case of sale or transfer of the property, the borrower will be required to sell the home to an income eligible borrower approved by the City of Miami at a price not to exceed the maximum allowable purchase price approved by the City Commission in existence at the time of sale; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: _ Section 1. The recitals and findings contained in the_Preamble_to this Resolution_are__adopted_b_y___ reference and incorporated as if fully set forth in this Section. Section 2. The purchase and sale of certain City -owned property located at 1436 Northwest 61 Street, Miami, Florida, to the individual, as specified in Exhibit "A," attached and incorporated, is approved. City of Miami Page I of 2 R-08-0497 File Number: 08-00976 Enactment Number: R-08-0497 Section 3. The City Manager is authorized{1} to execute a Real Estate Purchase and Sale Agreement, in substantially the attached form, and to consummate such other documents as may be necessary to consummate such transaction in accordance with the terms and conditions of the Agreement, which terms may be amended by the City Manager as may be necessary in order to meet the best interests of the City. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} Date: SEPTEMBER 11, 2008 Mover: COMMISSIONER GONZALEZ Seconder: VICE CHAIR SPENCE-JONES Vote: AYES: 4 - COMMISSIONER GONZALEZ, SARNOFF, SANCHEZ AND SPENCE-JONES ABSENT: 1 - COMMISSIONER REGALADO Action: ADOPTED Date: SEPTEMBER 15, 2008 Action: SIGNED BY THE MAYOR I, Priscilla A. Thompson, City Clerk of the City of Miami, Florida, and keeper of the records thereof, do hereby certify that this constitutes a true and correct copy of Resolution No. R-08-0497, with attachments, passed by the City Commission on 9/11/2008. September 16, 2008 Date Certified {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 R-08-0497