HomeMy WebLinkAboutR-03-1203City of Miami
Legislation
Resolution: R-03-1203
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 03-0177 Final Action Date: 11/25/2003
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
BY AN AFFIRMATIVE FOUR -FIFTHS (4/5THS) VOTE, AUTHORIZING THE CITY
MANAGER TO EXERCISE THE OPTION TO PURCHASE THE PROPERTY
LOCATED AT 254 NORTHEAST 59TH TERRACE, MIAMI, FLORIDA,
("PROPERTY"), AS LEGALLY DESCRIBED IN "EXHIBIT A," ATTACHED AND
INCORPORATED, IN CONNECTION WITH THE DEVELOPMENT OF LITTLE
HAITI PARK, WITH A PURCHASE PRICE OF
$545,000, AUTHORIZING THE CITY MANAGER TO EXECUTE THE OPTION TO
PURCHASE REAL PROPERTY AGREEMENT ("OPTION AGREEMENT"), IN
SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE CITY OF MIAMI AND
CHARLOTTE STEVENS (SELLER), AND TO CONSUMMATE SAID
TRANSACTION IN ACCORDANCE WITH THE TERMS OF THE OPTION
AGREEMENT; ALLOCATING FUNDS, IN THE AMOUNT OF $570,000, FROM
THE $255 MILLION HOMELAND DEFENSE/NEIGHBORHOOD IMPROVEMENT
BOND TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF COST OF
SURVEY, APPRAISAL, ENVIRONMENTAL REPORT, AND TITLE INSURANCE.
WHEREAS, Resolution No. 01-1029, adopted September 25, 2001, directed the City Manager
to take all steps necessary to initiate and implement the development of a superlative park in the
Little Haiti area ("Park Project"); and
WHEREAS, the boundaries for the Park Project as established by the City Commission are
from Northeast 59th Street to Northeast 64th Terrace between Northeast 2nd and 4th Avenues,
Miami, Florida; and
WHEREAS, Resolution No. 02-395, adopted April 11, 2002, directed the City Manager to
expedite the land acquisition for the Park Project approved in the $255 Million Homeland
Defense/Neighborhood Improvement Bond Issue; and
WHEREAS, the property, located at 254 Northeast 59th Terrace, Miami, Florida ("Property"), is
within the park boundaries and is necessary as part of the land assembly required for Park Project;
and
WHEREAS, two independent appraisals established $420,000 as the fair market value for the
Property; and
WHEREAS, the Department of Economic Development prepared, and the City Manager
executed, an Option to Purchase Real Property Agreement ("Option Agreement") to purchase said
property for $545,000, with an option payment of $1000; and
City of Miami
Page 1 of 2 File Id: 03-0177 (Version: 4) Printed On: 8/22/2016
File Number: 03-0177 Enactment Number: R-03-1203
WHEREAS, the Purchase Price exceeds the average appraised value of $420,000 by
$125,000, and
WHEREAS, it is a condition precedent to the validity of the Option Agreement and its execution
by the City Manager that the City Commission approve the Option Agreement by a greater majority
of a four -fifths 4/5th affirmative vote; and
WHEREAS, failing such approval the Option Agreement shall be automatically null and void
without the necessity of further action by either party;
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 by reference and incorporated as if fully set forth in this Section.
Section 2. By a four -fifths (4/5ths) affirmative vote, the City Manager is authorized{1} to
exercise the Option to purchase real property located at 254 Northeast 59th Terrace, Miami,
Florida, at a purchase price of $545,000, which exceeds the average of two independent
appraisals established at fair market value.
Section 3. The City Manager is further authorized{1} to execute the Option Agreement, in
substantially the attached form, between the City of Miami and Charlotte Stevens, to purchase
said property, as legally described in "Exhibit A," attached and incorporated, in connection with the
development of Little Haiti Park, at a total purchase price of $545,000 and to consummate said
transaction in accordance with the terms of the Option Agreement, with funds, in the amount of
$570,000, allocated from the $255 Million Homeland Defense/Neighborhood Improvement bond to
cover the cost of said acquisition, inclusive of cost of survey, appraisal, environmental report, and
title insurance.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.{2}
Footnotes:
{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 File Id: 03-0177 (Version: 4) Printed On: 8/22/2016